Acquisition of Banking Premises and Equipment

(a)A bank may acquire real estate and equipment and improve real estate to be used in the transaction of its business on Guam and may rent any space so acquired in a building in excess of its present actual need; provided that unless a larger investment is authorized by the Commissioner, no banks shall invest more than the following: Investment Land, building and equipment (other than safe deposit equipment) 50% of capital Equipment alone (other than safe deposit equipment) 15% of capital Safe deposit equipment 10% of capital in addition to the above

(b)The rate of depreciation of property so acquired may be prescribed by the Commissioner.