Banking & Financial Services

Plain answers to Banking and Financial Services questions, with every citation independently ruled by the Kingsfield judge against the primary-law corpus.

• When must a bank file a currency transaction report under the Bank Secrecy Act?31 CFR 1010.311
• How much can a national bank lend to a single borrower under the lending limit?12 USC 84
• What limits apply to a member bank's covered transactions with its affiliates?12 USC 371c
• Is it illegal to break a cash deposit into smaller amounts to stay under the currency reporting threshold?31 USC 5324
• What are the required elements of a bank's anti-money laundering compliance program?31 USC 5318(h)
• On what terms may a bank extend credit to its own executive officers and directors?12 USC 375b