(a) Limitation on loans to one borrower. Except as provided in paragraph
(b) of this section, the total loans and extensions of credit by all
the state branches and agencies of a foreign bank outstanding to a
single borrower at one time shall be aggregated with the total loans
and extensions of credit by all federal branches and federal agencies
of the same foreign bank outstanding to such borrower at the time;
and shall be subject to the limitations and other provisions of section
5200 of the Revised Statutes (12 U.S.C. 84), and the regulations promulgated
thereunder, in the same manner that extensions of credit by a federal
branch or federal agency are subject to section 4(b) of the IBA (12
U.S.C. 3102(b)) as if such state branches and agencies were federal
branches and agencies.
(b) Preexisting loans and extensions of credit. Any loans or extensions
of credit to a single borrower that were originated prior to December
19, 1991, by a state branch or state agency of the same foreign bank
and that, when aggregated with loans and extensions of credit by all
other branches and agencies of the foreign bank, exceed the limits
set forth in paragraph (a) of this section, may be brought into compliance
with such limitations through routine repayment, provided that any
new loans or extensions of credit (including renewals of existing
unfunded credit lines, or extensions of maturities of existing loans)
to the same borrower shall comply with the limits set forth in paragraph
(a) of this section.
