Part 1200 General Accounting Regulations Under the Interstate Commerce Act
Part 1220 Preservation of Records
Part 1241 Annual, Special, or Periodic Reports-Carriers Subject to Part I of the Interstate Commerce Act
Part 1243 Quarterly Operating Reports-Railroads
Part 1244 Waybill Analysis of Transportation of Property-Railroads
Part 1245 Classification of Railroad Employees; Reports of Service and Compensation
Part 1246 Number of Railroad Employees
Part 1247 Report of Cars Loaded and Cars Terminated
Part 1248 Freight Commodity Statistics
Part 1250 Railroad Performance Data Reporting
Part 1253 Rate-Making Organization; Records and Reports
Part 1280 Handling of National Security Information and Classified Material

Terms Used In CFR > Title 49 > Subtitle B > Chapter X > Subchapter C

  • Act: means the Fair Labor Standards Act of 1938, as amended (52 Stat. See 29 CFR 570.1
  • Act: means the Naval Petroleum Reserves Production Act of 1976 (90 Stat. See 43 CFR 2361.0-5
  • Act: means the Federal Land Policy and Management Act of 1976, as amended (43 U. See 43 CFR 2300.0-5
  • Adjusted trading: means any method or transaction whereby a corporate credit union sells a security to a vendor at a price above its current market price and simultaneously purchases or commits to purchase from the vendor another security at a price above its current market price. See 43 CFR 2201.3-3
  • Agency: means a unit of the Executive branch of the Federal Government which is not within a Department. See 43 CFR 2300.0-5
  • Agreement to initiate: means a written, nonbinding statement of present intent to initiate and pursue an exchange, which is signed by the parties and which may be amended by the written consent of the parties or terminated at any time upon written notice by any party. See 43 CFR 2200.0-5
  • Applicable state regulator: means the prudential state regulator of a state chartered corporate credit union. See 43 CFR 2201.3-3
  • Applicant: means any Federal department, agency or office. See 43 CFR 2300.0-5
  • Appropriate State official: means the commission, board or other supervisory authority having jurisdiction over credit unions chartered by the State which chartered the affected credit union. See 43 CFR 2201.3-1
  • Arbitration: means a process to resolve a disagreement among the parties as to appraised value, performed by an arbitrator appointed by the Secretary from a list recommended by the American Arbitration Association. See 43 CFR 2200.0-5
  • Authorized officer: means any employee of the Bureau of Land Management who has been delegated the authority and responsibility to make decisions and perform the duties described in this part. See 43 CFR 2200.0-5
  • Authorized officer: means any employee of the Bureau of Land Management who has been delegated the authority to perform the duties of this subpart. See 43 CFR 2361.0-5
  • Available to cover losses that exceed retained earnings: means that the funds are available to cover operating losses realized, in accordance with generally accepted accounting principles (GAAP), by the corporate credit union that exceed retained earnings and equity acquired in a combination. See 43 CFR 2201.3-3
  • Balance sheet audit: refers to the examination of a credit union's assets, liabilities, and equity under generally accepted auditing standards (GAAS) by an independent public accountant for the purpose of opining on the fairness of the presentation on the balance sheet. See 43 CFR 2521.1
  • Bargaining: means a process, other than arbitration, by which parties attempt to resolve a dispute concerning the appraised value of the lands involved in an exchange. See 43 CFR 2200.0-5
  • CLF-related bridge loan: means interim financing, extending up to ten business days, that a corporate credit union provides for a natural person credit union from the time the CLF approves a loan to the natural person credit union until the CLF funds the loan. See 43 CFR 2201.3-3
  • Compensation: means all salaries, fees, wages, bonuses, severance payments, current year contributions to employee benefit plans (for example, medical, dental, life insurance, and disability), current year contributions to deferred compensation plans and future severance payments, including payments in connection with a merger or similar combination (whether or not funded. See 43 CFR 2201.3-3
  • Compensation: The compensation of employees as defined in the rules in this part is to be stated in such manner and detail as the forms adopted for periodical returns require. See 49 CFR 1245.3
  • Continuing credit union: means the credit union that will continue in operation after the merger. See 43 CFR 2361.0-2
  • Contractor: means any individual, corporation, association, partnership, consortium or joint venture who has contracted to carry out activities under this part. See 43 CFR 3190.0-5
  • Contributed capital: means either perpetual or nonperpetual capital. See 43 CFR 2201.3-3
  • Corporate credit union: means an organization that:

    (1) Is chartered under Federal or state law as a credit union. See 43 CFR 2201.3-3

  • Credit union: means a federally insured, natural person credit union, whether federally- or State-chartered, as defined by 12 U. See 43 CFR 2201.3-1
  • Critical accounting policies: means those policies that are most important to the portrayal of a corporate credit union's financial condition and results and that require management's most difficult, subjective, or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain. See 43 CFR 2201.3-3
  • Daily average net assets: means the average of net assets calculated for each day during the period. See 43 CFR 2201.3-3
  • Debt: means money owed by an employee of the Federal Government to an agency of the Federal Government, from sources which include loans insured or guaranteed by the United States and all other amounts due the Government from fees, leases, rents, royalties, services, sales of real or personal property, overpayments, penalties, damages, interests, fines and forfeitures (except those arising under the Uniform Code of Military Justice) and all other similar sources. See 10 CFR 431.20
  • Delinquent: means the failure to pay an obligation or debt by the date specified in the initial notification or applicable contractual agreement, unless other payment arrangements have been agreed to by OPM and the debtor by that date, or if, at any time thereafter, the debtor fails to satisfy the obligations under a payment agreement with the creditor agency. See 10 CFR 431.20
  • Department: means a unit of the Executive branch of the Federal Government which is headed by a member of the President's Cabinet. See 43 CFR 2300.0-5
  • Derivatives: means a financial contract which derives its value from the value and performance of some other underlying financial instrument or variable, such as an index or interest rate. See 43 CFR 2201.3-3
  • Embedded option: means a characteristic of certain assets and liabilities which gives the issuer of the instrument the ability to change the features such as final maturity, rate, principal amount and average life. See 43 CFR 2201.3-3
  • Employee: means a current employee of OPM or other agency, including a current member of the Armed Forces or Reserve of the Armed Forces of the United States. See 10 CFR 431.20
  • Enterprise risk management: means the process of addressing risk on an entity-wide basis. See 43 CFR 2201.3-3
  • et seq: for federally-chartered credit unions, and as defined under State law for State-chartered credit unions. See 43 CFR 2201.3-1
  • Exploration: means activities conducted on the Reserve for the purpose of evaluating petroleum resources which include crude oil, gases of all kinds (natural gas, hydrogen, carbon dioxide, helium, and any others), natural gasoline, and related hydrocarbons (tar sands, asphalt, propane butane, etc. See 43 CFR 2361.0-5
  • Fair value: means the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date, as defined by GAAP. See 43 CFR 2201.3-3
  • Federal lands: means any lands or interests in lands, such as mineral or timber interests, that are owned by the United States and administered by the Secretary of the Interior through the Director of the Bureau of Land Management, without regard to how the United States acquired ownership, except: (1) Lands located on the Outer Continental Shelf. See 43 CFR 2200.0-5
  • Federally insured: means insured by the National Credit Union Administration (NCUA) through the National Credit Union Share Insurance Fund (NCUSIF). See 43 CFR 2361.0-2
  • Financial statements: means the presentation of a corporate credit union's financial data, including accompanying notes, derived from accounting records of the credit union, and intended to disclose the credit union's economic resources or obligations at a point in time, or the changes therein for a period of time, in conformity with GAAP. See 43 CFR 2201.3-3
  • Financial statements: refers to a presentation of financial data, including accompanying notes, derived from accounting records of the credit union, and intended to disclose a credit union's economic resources or obligations at a point in time, or the changes therein for a period of time, in conformity with GAAP, as defined herein, or regulatory accounting procedures. See 43 CFR 2521.1
  • Front fog lamp: A lighting device whose beam provides downward illumination forward of the vehicle and close to the ground, and is to be used only under conditions of rain, snow, dust, smoke or fog. See 49 CFR 393.5
  • GAAS: is an acronym for "generally accepted auditing standards" which refers to the standards approved and adopted by the American Institute of Certified Public Accountants which apply when an "independent, licensed certified public accountant" audits financial statements. See 43 CFR 2521.1
  • Grade: means a class or rank of quality. See 7 CFR 51.2
  • Hazard warning signal: Lamps that flash simultaneously to the front and rear, on both the right and left sides of a commercial motor vehicle, to indicate to an approaching driver the presence of a vehicular hazard. See 49 CFR 393.5
  • Hazardous substances: means those substances designated under Environmental Protection Agency regulations at 40 CFR part 302. See 43 CFR 2200.0-5
  • Highest and best use: means the most probable legal use of a property, based on market evidence as of the date of valuation, expressed in an appraiser's supported opinion. See 43 CFR 2200.0-5
  • Immediate family member: means a spouse or other family member living in the same household. See 43 CFR 2201.3-3
  • Independent: means the impartiality necessary for the dependability of the compensated auditor's findings. See 43 CFR 2521.1
  • insured: refer to primary share or deposit insurance. See 43 CFR 2361.0-2
  • Internal control: means the process, established by the corporate credit union's board of directors, officers and employees, designed to provide reasonable assurance of reliable financial reporting and safeguarding of assets against unauthorized acquisition, use, or disposition. See 43 CFR 2201.3-3
  • Internal control: refers to the process, established by the credit union's board of directors, officers and employees, designed to provide reasonable assurance of reliable financial reporting and safeguarding of assets against unauthorized acquisition, use, or disposition. See 43 CFR 2521.1
  • Internal control framework: means criteria such as that established in Internal Control--Integrated Framework, issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), or comparable, reasonable, and U. See 43 CFR 2201.3-3
  • Internal control over financial reporting: means a process effected by those charged with governance, management, and other personnel, designed to provide reasonable assurance regarding the preparation of reliable financial statements in accordance with accounting principles generally accepted in the United States of America. See 43 CFR 2201.3-3
  • Lamp: A device used to produce artificial light. See 49 CFR 393.5
  • Lands: means any land and/or interests in land. See 43 CFR 2200.0-5
  • Lands: includes both upland and submerged land areas and any right or interest in such areas. See 43 CFR 2300.0-5
  • Leverage ratio: means the ratio of Tier 1 capital to moving daily average net assets. See 43 CFR 2201.3-3
  • Market value: means the most probable price in cash, or terms equivalent to cash, that lands or interests in lands should bring in a competitive and open market under all conditions requisite to a fair sale, where the buyer and seller each acts prudently and knowledgeably, and the price is not affected by undue influence. See 43 CFR 2200.0-5
  • Mineral laws: means the mining laws, mineral leasing laws, and the Geothermal Steam Act, but not the Materials Sales Act, administered by the Secretary of the Interior through the Bureau of Land Management. See 43 CFR 2200.0-5
  • Minimal amount of credit risk: means the amount of credit risk when the issuer of a security has a very strong capacity to meet all financial commitments under the security for the projected life of the asset or exposure, even under adverse economic conditions. See 43 CFR 2201.3-3
  • Moving daily average net assets: means the average of daily average net assets for the month being measured and the previous eleven (11) months. See 43 CFR 2201.3-3
  • NCUA: means NCUA Board (Board), unless the particular action has been delegated by the Board. See 43 CFR 2201.3-3
  • Net assets: means total assets less Central Liquidity Facility (CLF) stock subscriptions, CLF-related bridge loans, loans guaranteed by the National Credit Union Share Insurance Fund (NCUSIF), and member reverse repurchase transactions. See 43 CFR 2201.3-3
  • Net Worth: means (1) The retained earnings balance of the credit union at quarter-end as determined under generally accepted accounting principles, subject to paragraph (f)(3) of this section. See 43 CFR 2201.3-1
  • Net worth ratio: means the ratio of the net worth of the credit union (as defined in paragraph (f) of this section) to the total assets of the credit union (as defined by a measure chosen under paragraph (j) of this section). See 43 CFR 2201.3-1
  • Nonperpetual capital: means funds contributed by members or nonmembers that: are term certificates with an original minimum term of five years or that have an indefinite term (i. See 43 CFR 2201.3-3
  • Obligor: means the primary party obligated to repay an investment, e. See 43 CFR 2201.3-3
  • Office: means the central and regional offices of the Office of Personnel Management. See 10 CFR 431.20
  • Office: means an office or bureau of the Department of the Interior. See 43 CFR 2300.0-5
  • Official: means any director or committee member. See 43 CFR 2201.3-3
  • Oppressive child labor: means employment of a minor in an occupation for which he does not meet the minimum age standards of the Act, as set forth in §570. See 29 CFR 570.1
  • Outstanding interests: means rights or interests in property held by an entity other than a party to an exchange. See 43 CFR 2200.0-5
  • Party: means the United States or any person, State or local government who enters into an agreement to initiate an exchange. See 43 CFR 2200.0-5
  • Person: means any individual, corporation, or other legal entity legally capable to hold title to and convey land. See 43 CFR 2200.0-5
  • Public land laws: means that body of general land laws administered by the Secretary of the Interior through the Bureau of Land Management, excepting, however, the mineral laws. See 43 CFR 2200.0-5
  • Reflective material: A material conforming to Federal Specification L-S-300, "Sheeting and Tape, Reflective. See 49 CFR 393.5
  • Regulations: means the regulations in this subpart. See 7 CFR 51.2
  • Report on Examination of Internal Control over Call Reporting: refers to an engagement in which an independent, licensed, certified public accountant or public accountant, consistent with attestation standards, examines and reports on management's written assertions concerning the effectiveness of its internal control over financial reporting in its most recently filed semiannual or year-end Call Report, with a concentration in high risk areas. See 43 CFR 2521.1
  • Reportable conditions: refers to a matter coming to the attention of the independent, compensated auditor which, in his or her judgment, represents a significant deficiency in the design or operation of the internal control structure of the credit union, which could adversely affect its ability to record, process, summarize, and report financial data consistent with the representations of management in the financial statements. See 43 CFR 2521.1
  • Repurchase transaction: means a transaction in which a corporate credit union agrees to purchase a security from a counterparty and to resell the same or any identical security to that counterparty at a specified future date and at a specified price. See 43 CFR 2201.3-3
  • Reserve: means those lands within the National Petroleum Reserve in Alaska (prior to June 1, 1977, designated Naval Petroleum Reserve No. See 43 CFR 2361.0-5
  • Resource use: means a land use having as its primary objective the preservation, conservation, enhancement or development of:

    (1) Any renewable or nonrenewable natural resource indigenous to a particular land area, including, but not limited to, mineral, timber, forage, water, fish or wildlife resources, or

    (2) Any resource value associated with a particular land area, including, but not limited to, watershed, power, scenic, wilderness, clean air or recreational values. See 43 CFR 2300.0-5

  • Resource values: means any of the various commodity values (e. See 43 CFR 2200.0-5
  • Retained earnings: means undivided earnings, regular reserve, reserve for contingencies, supplemental reserves, reserve for losses, GAAP equity acquired in a merger, and other appropriations from undivided earnings as designated by management or the NCUA. See 43 CFR 2201.3-3
  • Secretary: means the Secretary of the Interior or the individual to whom the authority and responsibilities of that official, as to matters considered in this part, have been delegated. See 43 CFR 2200.0-5
  • Secretary: means the Secretary of the Interior or a secretarial officer subordinate to the Secretary who has been appointed by the President by and with the advice and consent of the Senate and to whom has been delegated the authority of the Secretary to perform the duties described in this part to be performed by the Secretary. See 43 CFR 2300.0-5
  • Secretary: means the Secretary of the Interior. See 43 CFR 2361.0-5
  • Securities lending: means lending a security to a counterparty, either directly or through an agent, and accepting collateral in return. See 43 CFR 2201.3-3
  • Segregation: means the removal for a limited period, subject to valid existing rights, of a specified area of the Federal lands from appropriation under the public land laws and mineral laws, pursuant to the authority of the Secretary of the Interior to allow for the orderly administration of the Federal lands. See 43 CFR 2200.0-5
  • Senior executive officer: means a chief executive officer, any assistant chief executive officer (e. See 43 CFR 2201.3-3
  • Special areas: means areas within the reserve identified by the Secretary of the Interior as having significant subsistence, recreational, fish and wildlife, or historical or scenic value and, therefore, warranting maximum protection of such values to the extent consistent with the requirements of the Act for the exploration of the Reserve. See 43 CFR 2361.0-5
  • State credit union: means any credit union organized and operated according to the laws of any state, the several territories and possessions of the United States, or the Commonwealth of Puerto Rico. See 43 CFR 2361.0-2
  • Statement of value: means a written report prepared by a qualified appraiser that states the appraiser's conclusion(s) of value. See 43 CFR 2200.0-5
  • Stop lamps: Lamps shown to the rear of a motor vehicle to indicate that the service brake system is engaged. See 49 CFR 393.5
  • Supervisory committee: refers to a supervisory committee as defined in Section 111(b) of the Federal Credit Union Act, 12 U. See 43 CFR 2521.1
  • Supervisory committee audit: refers to an engagement under either §715. See 43 CFR 2521.1
  • Tail lamps: Lamps used to designate the rear of a motor vehicle. See 49 CFR 393.5
  • Total assets: means the sum of all a corporate credit union's assets as calculated under GAAP. See 43 CFR 2201.3-3
  • Total capital: means the sum of Tier 1 capital and Tier 2 capital, less the corporate credit union's equity investments not otherwise deducted when calculating Tier 1 capital. See 43 CFR 2201.3-3
  • Total risk-based capital ratio: means the ratio of total capital to moving monthly average net risk-weighted assets. See 43 CFR 2201.3-3
  • Trade date: means the date a corporate credit union originally agrees, whether orally or in writing, to enter into the purchase or sale of a security. See 43 CFR 2201.3-3
  • Waiver: means the cancellation, remission, forgiveness, or non-recovery of a debt allegedly owed by an employee to OPM or another agency as permitted or required by 5 U. See 10 CFR 431.20
  • Weighted average life: means the weighted-average time to the return of a dollar of principal, calculated by multiplying each portion of principal received by the time at which it is expected to be received (based on a reasonable and supportable estimate of that time) and then summing and dividing by the total amount of principal. See 43 CFR 2201.3-3
  • Withdrawal: means withholding an area of Federal land from settlement, sale, location, or entry under some or all of the general land laws, for the purpose of limiting activities under those laws in order to maintain other public values in the area or reserving the area for a particular public purpose or program. See 43 CFR 2300.0-5
  • Working papers: refers to the principal record, in any form, of the work performed by the auditor and/or supervisory committee to support its findings and/or conclusions concerning significant matters. See 43 CFR 2521.1