§ 628.20 Capital components and eligibility criteria for tier 1 and tier 2 capital instruments
§ 628.22 Regulatory capital adjustments and deductions
§ 628.23 Limit on inclusion of third-party capital in total (tier 1 and tier 2) capital

Terms Used In CFR > Title 12 > Chapter VI > Subchapter B > Part 628 > Subpart C

  • Allocated equities: means stock or surplus representing a patronage payment to a member-borrower that a System institution has retained for the benefit of its membership. See 12 CFR 628.2
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Borrower stock: means the capital investment a borrower holds in a System institution in connection with a loan. See 12 CFR 628.2
  • Call Report: means reports of condition and performance, as described in subpart D of part 621 of this chapter. See 12 CFR 628.2
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Exposure: means an amount at risk. See 12 CFR 628.2
  • GAAP: means generally accepted accounting principles as used in the United States. See 12 CFR 628.2
  • Gain-on-sale: means an increase in the equity capital of a System institution (as reported on the Call Report) resulting from a traditional securitization (other than an increase in equity capital resulting from the System institution's receipt of cash in connection with the securitization or reporting of a mortgage servicing asset on the Call Report). See 12 CFR 628.2
  • Guarantee: means a financial guarantee, letter of credit, insurance, or other similar financial instrument (other than a credit derivative) that allows one party (beneficiary) to transfer the credit risk of one or more specific exposures (reference exposure) to another party (protection provider). See 12 CFR 628.2
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Member: means a borrower or former borrower from a System institution that holds voting or nonvoting cooperative equities of the institution. See 12 CFR 628.2
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Patronage payment: means a cash declaration or equity allocation to member-borrowers that pursuant to Internal Revenue Code section 1381(a) is based on a System institution's net income and allocated to borrowers based on business conducted with the institution. See 12 CFR 628.2
  • System institution: means a System bank, an association of the Farm Credit System, Farm Credit Leasing Services Corporation, and their successors, and any other institution chartered by the FCA that the FCA determines should be considered a System institution for the purposes of this part. See 12 CFR 628.2
  • Total capital: means the sum of tier 1 capital and tier 2 capital. See 12 CFR 628.2