Pennsylvania Statutes Title 7 P.S. Banks and Banking § 314. Borrowings

(i) permit borrowings without regard to the restrictions of this section for emergency purposes, and

(ii) prohibit or place additional restrictions upon further borrowings which would in the judgment of the department constitute an unsound or unsafe practice in view of the condition and circumstances of the institution.

(i) liabilities to a Federal Reserve Bank on account of money borrowed or rediscounts,

(ii) liabilities on account of the acquisition of reserve balances at a Federal Reserve Bank or other reserve agent from a member or non-member bank,

(iii) liabilities on account of agreements to repurchase securities sold by the institution (commonly known as “repurchase agreements”),

(iv) liabilities which do not constitute or result from the borrowing of money under definitions prescribed by regulation of the department, and

(v) liabilities to a Federal Home Loan Bank on account of money borrowed or rediscounts