12 CFR § 223.11 - What is the maximum amount of covered transactions that a member bank may enter into with any single affiliate?

---
identifier: "/us/cfr/t12/s223.11"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 223.11 - What is the maximum amount of covered transactions that a member bank may enter into with any single affiliate?"
title_number: 12
title_name: "Banks and Banking"
section_number: "223.11"
section_name: "What is the maximum amount of covered transactions that a member bank may enter into with any single affiliate?"
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "A"
subchapter_name: "BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM"
part_number: "223"
part_name: "TRANSACTIONS BETWEEN MEMBER BANKS AND THEIR AFFILIATES (REGULATION W)"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 371c(b)(1)(E), (b)(2)(A), and (f), 371c-1(e), 1828(j), 1468(a), and section 312(b)(2)(A) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5412)."
regulatory_source: "67 FR 76604, Dec. 12, 2002, unless otherwise noted."
cfr_part: "223"
---


# 223.11 What is the maximum amount of covered transactions that a member bank may enter into with any single affiliate?

A member bank may not engage in a covered transaction with an affiliate (other than a financial subsidiary of the member bank) if the aggregate amount of the member bank's covered transactions with such affiliate would exceed 10 percent of the capital stock and surplus of the member bank.