12 CFR 7.2013 - Fidelity bonds covering officers and employees.
(a) Adequate coverage. All officers and employees of a national bank must have adequate fidelity coverage. The failure of directors to require bonds with adequate sureties and in sufficient amount may make the directors liable for any losses that the bank sustains because of the absence of such bonds. Directors should not serve as sureties on such bonds.
(b) Factors. The board of directors should determine the amount of such coverage, premised upon a consideration of factors, including:
Title 12 published on 2014-01-01
no entries appear in the Federal Register after this date.