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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 12 - Banks and Banking |
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Chapter III - Federal Deposit Insurance Corporation |
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SubChapter B - Regulations and Statements of General Policy |
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Part 390 - Regulations Transferred from the Office of Thrift Supervision |
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Subpart S - State Savings Associations - Operations |
§ 390.344 - Definitions applicable to capital distributions.
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§ 390.344 Definitions applicable to capital distributions.
The following definitions apply to sections 390.342 through 390.348:
Affiliate means an affiliate, as defined in regulations governing transactions with affiliates as issued by the Board of Governors of the Federal Reserve System.
Capital means total capital, as computed under part 324 of this chapter. For a qualifying community banking organization (as defined in § 324.12 of this chapter) that is subject to the community bank leverage ratio framework (as defined in § 324.12 of this chapter), total capital means the FDIC-supervised institution's tier 1 capital, as defined under § 324.2 of this chapter and calculated in accordance with § 324.12(b) of this chapter.
Net income means your net income computed in accordance with generally accepted accounting principles.
Retained net income means your net income for a specified period less total capital distributions declared in that period.
[76 FR 47655, Aug. 5, 2011, as amended at 83 FR 17743, Apr. 24, 2018; 84 FR 61804, Nov. 13, 2019]