12 CFR § 221.7 - Supplement: Maximum loan value of margin stock and other collateral.

---
identifier: "/us/cfr/t12/s221.7"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 221.7 - Supplement: Maximum loan value of margin stock and other collateral."
title_number: 12
title_name: "Banks and Banking"
section_number: "221.7"
section_name: "Supplement: Maximum loan value of margin stock and other collateral."
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "A"
subchapter_name: "BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM"
part_number: "221"
part_name: "CREDIT BY BANKS AND PERSONS OTHER THAN BROKERS OR DEALERS FOR THE PURPOSE OF PURCHASING OR CARRYING MARGIN STOCK (REGULATION U)"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "15 U.S.C. 78c, 78g, 78q, and 78w."
regulatory_source: "Reg. U, 63 FR 2827, Jan. 16, 1998, unless otherwise noted."
cfr_part: "221"
---


# 221.7 Supplement: Maximum loan value of margin stock and other collateral.

(a) *Maximum loan value of margin stock.* The maximum loan value of any margin stock is fifty per cent of its current market value.

(b) *Maximum loan value of nonmargin stock and all other collateral.* The maximum loan value of nonmargin stock and all other collateral except puts, calls, or combinations thereof is their good faith loan value.

(c) *Maximum loan value of options.* Except for options that qualify as margin stock, puts, calls, and combinations thereof have no loan value.