Ch. 127                                        1995 LAWS OF MARYLAND

FINANCIAL INSTITUTION, THE VALUE OF THE LAND IS DETERMINED BY
MULTIPLYING THE GROSS RENT BY EIGHT AND THE VALUE OF THE BUILDING IS
DETERMINED IN THE SAME MANNER AS IF OWNED BY THE FINANCIAL INSTITUTION.

(III) "GROSS RENTS" DOES NOT INCLUDE:

1. REASONABLE AMOUNTS PAYABLE AS SEPARATE

CHARGES FOR WATER AND ELECTRIC SERVICE FURNISHED BY THE LESSOR;

2. REASONABLE AMOUNTS PAYABLE AS SERVICE CHARGES
FOR JANITORIAL SERVICES FURNISHED BY THE LESSOR;

3. REASONABLE AMOUNTS PAYABLE FOR STORAGE,
PROVIDED SUCH AMOUNTS ARE PAYABLE FOR SPACE NOT DESIGNATED AND NOT
UNDER THE CONTROL OF THE FINANCIAL INSTITUTION; AND

4. THAT PORTION OF AMY RENTAL PAYMENT WHICH IS
APPLICABLE TO THE SPACE SUBLEASED FROM THE FINANCIAL INSTITUTION AND
NOT USED BY IT.

(10) (I) "LOAN" MEANS ANY EXTENSION OF CREDIT RESULTING FROM
DIRECT NEGOTIATIONS BETWEEN THE FINANCIAL INSTITUTION AND ITS
CUSTOMER, AND/OR THE PURCHASE, IN WHOLE OR IN PART, OF SUCH EXTENSION
OF CREDIT FROM ANOTHER. LOANS INCLUDE PARTICIPATIONS, SYNDICATIONS, AND
LEASES TREATED AS LOANS FOR FEDERAL INCOME TAX PURPOSES.

(II) "LOAN" DOES NOT INCLUDE:

1. PROPERTIES TREATED AS LOANS UNDER § 595 OF THE
INTERNAL REVENUE CODE;

2. FUTURES OR FORWARD CONTRACTS;

3. OPTIONS;

4. NOTIONAL PRINCIPAL CONTRACTS SUCH AS SWAPS;

5. CREDIT CARD RECEIVABLES, INCLUDING PURCHASED
CREDIT CARD RELATIONSHIPS;

6. NONINTEREST BEARING BALANCES DUE FROM

DEPOSITORY INSTITUTIONS;

7. CASH ITEMS IN THE PROCESS OF COLLECTION;

8. FEDERAL FUNDS SOLD;

9. SECURITIES PURCHASED UNDER AGREEMENTS TO
RESELL;

10. ASSETS HELD IN A TRADING ACCOUNT;

11. SECURITIES;

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