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SEC EDGARpro API | View Text (12402 words) |
 | Bank regulatory agencies have the authority to prohibit the banking organizations they supervise from paying dividends if, in the regulator's opinion, the payment of such dividends would, in light of the financial condition of such bank, constitute an unsafe or unsound practice. |
| BANK ONE is required to file annually with the Senior Trustee a written statement of officers as to the existence or non-existence of defaults under the Senior Indenture or the Senior Securities. |
| BANK ONE is required to file annually with the Senior Trustee a written statement of officers as to the existence or non-existence of defaults under the Senior Subordinated Indenture or the Senior Subordinated Securities. |
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Comments of Bank One Corporation on S7-09-02 (4188 words) |
| Bank One sees little benefit to reporting to investors that an insider has received a mortgage, auto loan, credit card or line of credit advance from one of its banks in the ordinary course of business on non-preferential terms. |
| Bank One recommends that with respect to reporting stock trades for a large stockholder, the reporting onus and liability should be on the stockholder, not the reporting company. |
| Bank One believes that Item 10 information should be treated like Item 9 information for purposes of Form 8-K. Item 10 information should not be deemed to be filed for purposes of liability under Section 18 of the 1934 Act, unless the reporting company chooses to be so subject. |
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