not
This section of the BESA also provides that any portion of an eligible BA created by a covered bank (senior bank) that is conveyed through a participation agreement to another covered bank (junior bank) shall not be included in the calculation of the senior bank's bankers' acceptance limits established by section 207 of BESA. 2 However, the amount of the participation is to be included in the BA limits applicable to the junior bank. The language of the statute does not define what constitutes a participation agreement for purposes of the applicability of the BESA limitations. However, the statute does authorize the Board to further define any of the terms used in section 207 of the BESA (12 U.S.C. 372(g)). The Board is clarifying the term participation for purposes of the BA limitations of the BESA.
be included in the calculation of the senior bank's bankers' acceptance limits established by section 207 of BESA.2However, the amount of the participationisto be included in the BA limits applicable to the junior bank. The language of the statute does not define what constitutes a participation agreement for purposes of the applicability of the BESA limitations. However, the statute does authorize the Board to further define any of the terms used in section 207 of the BESA (12 U.S.C. 372(g)). The Board is clarifying the term participation for purposes of the BA limitations of the BESA.