A national bank must use the date a dividend is declared for the purposes of determining compliance with this subpart.

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Terms Used In 12 CFR 5.62

  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC

[61 FR 60363, Nov. 27, 1996, as amended at 85 FR 80469, Dec. 11, 2020]