26-704. DETERMINATION OF LIMITS OF LOANS AND INVESTMENTS OF BANKS. For the purpose of determining limitations on loans and investments the following items are to be disregarded: (1) The sale of excess reserve funds by one (1) bank to another bank; (2) The purchase of securities by a bank, under an agreement to resell at the end of a stated period; and (3) The purchase of mortgage loans by a bank, under agreement to resell at the end of a stated period. The director may, upon application by a bank, approve loans and investments in excess of the limitations provided in this chapter.
DETERMINATION OF LIMITS OF LOANS AND INVESTMENTS OF BANKS
Idaho Code § 26-704, under LIMITATIONS ON LOANS, INVESTMENTS, AND PRACTICES.
Idaho Code § 26-704