CONCENTRATIONS OF CREDIT. (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written asset diversification program consistent with OCC Banking Circular 255. The program shall include, but not necessarily be limited to, the following:
CONCENTRATIONS OF CREDIT. 2. Within 60 days of this Agreement, the Bank shall submit to the Reserve Bank an acceptable written plan to strengthen the Bank’s management of commercial real estate (“CRE”) concentrations, including steps to reduce the risk of concentrations. The plan shall, at a minimum, include:
CONCENTRATIONS OF CREDIT. (1) Within ninety (90) days of the date of this Agreement, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written asset diversification program consistent with the "Concentrations of Credit" booklet of the Comptroller's Handbook (December, 2011). The program shall include, but not necessarily be limited to, the following:
CONCENTRATIONS OF CREDIT. 18. Within sixty (60) days, the Association shall revise its written program for identifying, monitoring, and controlling risks associated with concentrations of credit (Concentration Program) to ensure that it addresses all corrective actions set forth in the 2010 Examination relating to concentrations of credit. The Concentration Program shall comply with all applicable laws, regulations and regulatory guidance and shall:
CONCENTRATIONS OF CREDIT. (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Association adherence to a written asset diversification program consistent with the guidance set forth in OTS CEO Memo 2521F2 and the “Concentrations of Credit” booklet of the Comptrollers’ Handbook (December 13, 2011). The program shall include, but not necessarily be limited to, the following: 2 CEO Memo 252, issued December 14, 2006 provides guidance on “Commercial Real Estate Concentration Risks”.
CONCENTRATIONS OF CREDIT. (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure adherence to a written concentration management program consistent with the guidelines in OCC Bulletin 2006-46 (December 6, 2006) and diversification of risk consistent with OCC Banking Circular 255 (July 30, 1991). The program shall include (but not be limited to) the following:
CONCENTRATIONS OF CREDIT. (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written asset diversification program consistent with OCC Bulletin 2006-46 Concentrations in CRE Lending, Sound Risk Management Practices: Interagency Guidance on CRE Concentration Risk Management, and OCC Bulletin 2009-32 CRE Loans: guidance on Prudent CRE Loan Workout. The program shall include, but not necessarily be limited to, the following:
CONCENTRATIONS OF CREDIT. (i) Loans and leases to executive officers, directors, principal shareholders (and their related interests) of the Bank; and,
CONCENTRATIONS OF CREDIT. (1) Within thirty (30) days of the date of this Agreement, the Board shall adopt, implement, and thereafter ensure Bank adherence to sublimits1 for concentrations2 in acquisition and development loans, speculative lot loans, and speculative single-family housing construction loans.
CONCENTRATIONS OF CREDIT. The Manager shall seek to diversify and balance the Company's portfolio to minimize risk and potential losses. To the extent applicable, the Manager shall monitor the Company's Mortgage Loan concentrations from the perspectives of (i) the size of any single loan, (ii) the total size of the transaction if the Company is in a subordinate loan position, (iii) the aggregate amount of loans to one borrower, (iv) geographic concentrations, (v) property type concentrations. The Company may, in the future (in consultation with the Investment Committee and the Manager), establish specified limitations or parameters as to the foregoing concentrations. With respect to the Company's MBS portfolio, the Manager shall employ the following risk control guidelines: (i) investments should be made in a manner intended to minimize overweighing of economic concentration as measured by the quotient of the weighted average loan distribution (compared to the U.S. as a whole) of the largest states divided by the size of the state's economy relative to the entire U.S. economy, (ii) no single property type shall represent more than 50% of the Company's entire MBS portfolio, (iii) distribution of loan sizes intended to result in favorable loss distributions (large loans must be individually analyzed and determined to be secure enough to protect the Company's position) and (iv) the establishment of a maximum percentage of the Company's MBS portfolio that may be represented by a single issuer.
