OAR 441-720-0150
Required Reserve Transfers


(1)

The amount that the corporate central credit union is required to transfer or set aside in corporate reserves is based on both the corporate central credit union’s primary and total capital ratios.

(2)

Ranges of capital ratios have been established as set forth in OAR 441-720-0130 (Minimum Capital Ratio). These ratios shall be associated with one of the six corresponding categories set forth in section (5) of this rule in determining the required reserve transfer.

(3)

To qualify for a lower reserve transfer category, the capital ratios must fall in both the primary and total capital ratio ranges of the applicable category.

(4)

The corporate central credit union shall set aside an amount equal to the appropriate required reserve transfer percentage times the corporate central credit union’s average daily assets for the transfer period times the number of days in the transfer period divided by 365. Until January 1, 1994, transfers shall be based on the level of primary capital only.

(5)

For purposes of determining the required reserve transfer, the following categories are established:

(a)

Category 1. Category 1 requires a corporate reserve transfer percentage of at least 25 basis points of average daily assets when either the primary capital ratio is less than four percent or the total capital ratio is less than eight percent. A corporate reserve transfer percentage greater than 25 basis points of average daily assets is required if needed to bring either or both of the capital ratios up to the minimum acceptable level, or the corporate central credit union would have to obtain approval from the Director to operate below the minimum capital levels;

(b)

Category 2. Category 2 requires a corporate reserve transfer percentage of 20 basis points of average daily assets when either the primary capital ratio is greater than four percent and less than six percent or the total capital ratio is greater than eight percent and less than nine percent;

(c)

Category 3. Category 3 requires a corporate reserve transfer percentage of 15 basis points of average daily assets when either the primary capital ratio is greater than six percent and less than eight percent or the total capital ratio is greater than nine percent and less than 12 percent;

(d)

Category 4. Category 4 requires a corporate reserve transfer percentage of ten basis points of average daily assets when either the primary capital ratio is greater than eight percent and less than 10 percent or the total capital ratio is greater than 12 percent and less than 15 percent;

(e)

Category 5. Category 5 requires a corporate reserve transfer percentage of five basis points of average daily assets when either the primary capital ratio is greater than ten percent and less than 12 percent or the total capital ratio percentage is greater than 15 percent and less than 18 percent;

(f)

Category 6. Category 6 requires a corporate reserve transfer percentage of zero basis points when the primary capital ratio is greater than 12 percent and the total capital ratio percentage is greater than 18 percent.

(6)

Corporate credit unions must provide reserves necessary for full and fair disclosure.

Source: Rule 441-720-0150 — Required Reserve Transfers, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=441-720-0150.

441‑720‑0100
Scope and Application
441‑720‑0110
Definitions
441‑720‑0120
Risk Weights and Risk Categories
441‑720‑0130
Minimum Capital Ratio
441‑720‑0140
Procedures, Risk-Weight Ratios and Computations
441‑720‑0150
Required Reserve Transfers
441‑720‑0160
Fidelity Bond Coverage for Corporate Credit Union
441‑720‑0200
Purpose, Authority for Federal Tie-In Rules
441‑720‑0210
Adoption of Federal Regulations Concerning Purchase, Sale and Pledge of Eligible Obligations
441‑720‑0215
Procedures Required Prior to Exercise of Certain Investment Powers
441‑720‑0220
Investments in Investment and Borrowing Repurchase Agreements, Bankers Acceptances, Participation in Federal Funds Authorized
441‑720‑0225
Adoption of Federal Statutes, Rulings, Policy Regarding Mortgage Assumptions
441‑720‑0230
Adoption of Federal Statutes and Regulations Concerning Loan Participations
441‑720‑0300
Definitions
441‑720‑0305
Member Business Loan
441‑720‑0310
Implementation of Member Business Loan Program
441‑720‑0315
Member Business Loan Policies and Procedures
441‑720‑0320
Collateral and Security Requirements
441‑720‑0325
Recordkeeping Requirements
441‑720‑0330
Aggregate Loans to a Member or Associated Members
441‑720‑0335
Calculation of the Aggregate 15% Limit
441‑720‑0340
Aggregate Member Business Loan Limit for a Credit Union
441‑720‑0345
Exceptions to the Aggregate Member Business Loan Limit for a Credit Union
441‑720‑0350
Exception Procedure
441‑720‑0355
Construction and Development Lending
441‑720‑0360
Classification of Member Business Loans to Reserve for Potential Losses
441‑720‑0365
Minimum Reserves for Potential Loan Losses
441‑720‑0370
Prohibited Member Business Loans
441‑720‑0375
Available Waivers for Specific Loan Types
441‑720‑0380
Waiver Procedure
Last Updated

Jun. 8, 2021

Rule 441-720-0150’s source at or​.us