Single-Counterparty Exposure Limits (Section 165(e))

In January 2013, the Federal Reserve Board (the Board) proposed rules to implement Section 165(e) of the Dodd-Frank Act, which directs the Board to prescribe regulations that prohibit a bank from having credit exposures to any unaffiliated company that exceeds 25% of the capital stock and surplus of the bank. Comments were due in March 2012.

REGULATORY MATERIALS

• Enhanced Prudential Standards and Early Remediation Requirements for Covered Companies: Proposed Rule - January 5, 2012