The total liabilities of a person for money borrowed from a state-chartered trust company which is insured by the Federal Deposit Insurance Corporation shall not exceed the limitation prescribed for national banks under federal laws and regulations. The bank commissioner may adopt rules, pursuant to RSA 541-A, interpreting the applicability of such federal rules and regulations to trust companies. This limitation shall not apply to securities described in RSA 387:6, I-IV nor to liabilities for money borrowed to the extent that they shall be secured, covered, underwritten, or protected as to principal and interest by guaranties, or by commitments or agreements to take over or purchase the same, made by or on behalf of any federal reserve bank, or the United States, or the state of New Hampshire, or any other state, or any department, bureau, board, commission or establishment of the United States, or the state of New Hampshire, or any other state including any corporation wholly owned directly or indirectly by the United States, or the state of New Hampshire, or any other state, for the performance of which guaranties, commitments, or agreements the faith of the United States, or the state of New Hampshire, or any other state is pledged.
The total liabilities of a person for money borrowed from a state-chartered trust company which is insured by the Federal Deposit Insurance Corporation shall not exceed the limitation prescribed for national banks under federal laws and regulations. The bank commissioner may adopt rules, pursuant to RSA 541-A, interpreting the applicability of such federal rules and regulations to trust companies. This limitation shall not apply to securities described in RSA 387:6, I-IV nor to liabilities for money borrowed to the extent that they shall be secured, covered, underwritten, or protected as to principal and interest by guaranties, or by commitments or agreements to take over or purchase the same, made by or on behalf of any federal reserve bank, or the United States, or the state of New Hampshire, or any other state, or any department, bureau, board, commission or establishment of the United States, or the state of New Hampshire, or any other state including any corporation wholly owned directly or indirectly by the United States, or the state of New Hampshire, or any other state, for the performance of which guaranties, commitments, or agreements the faith of the United States, or the state of New Hampshire, or any other state is pledged.
The total liabilities of a person for money borrowed from a state-chartered trust company which is insured by the Federal Deposit Insurance Corporation shall not exceed the limitation prescribed for national banks under federal laws and regulations. The bank commissioner may adopt rules, pursuant to RSA 541-A, interpreting the applicability of such federal rules and regulations to trust companies. This limitation shall not apply to securities described in RSA 387:6, I-IV nor to liabilities for money borrowed to the extent that they shall be secured, covered, underwritten, or protected as to principal and interest by guaranties, or by commitments or agreements to take over or purchase the same, made by or on behalf of any federal reserve bank, or the United States, or the state of New Hampshire, or any other state, or any department, bureau, board, commission or establishment of the United States, or the state of New Hampshire, or any other state including any corporation wholly owned directly or indirectly by the United States, or the state of New Hampshire, or any other state, for the performance of which guaranties, commitments, or agreements the faith of the United States, or the state of New Hampshire, or any other state is pledged.
