Pennsylvania Code & Bulletin

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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 52 Pa.B. 8372 (December 31, 2022).

10 Pa. Code § 29.1. Borrowings on account of sale of participations.

§ 29.1. Borrowings on account of sale of participations.

 The sale of a participation in an item such as certificates of deposit, commercial loan pools, collateral loan pools and Treasury notes, including securities, shall constitute money borrowed if either the selling institution is obligated to repurchase the participation or the maturity of the participation certificate differs from those of the item comprising the pool or item participated.

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