Reporting Form
FR U-1 Statement for Purpose for an Extension of Credit Secured by Margin Stock
Description:
Lenders that extend credit as permitted by the Board's margin requirements are sometimes required to fill out purpose statements to document the purpose of their loans secured by margin stock. The FR T-4 purpose statement is used for extensions of credit by brokers and dealers, the FR G-3 for extensions of credit by other nonbank lenders, and the FR U-1 for extensions of credit by banks. The borrower lists the amount and purpose of the loan, and the lender lists the collateral for the loan.
Subjects:
Securities Regulations
Audiences:
Commercial Banks
Form and Instructions: Offsite
Current and historical versions of this form and their instructions are maintained on the Board of Governors' website in PDF format.
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