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Code of Federal Regulations (Last Updated: July 5, 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 Z - Capital |
§ 390.462 - Minimum regulatory capital requirement.
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§ 390.462 Minimum regulatory capital requirement.
(a) To meet its regulatory capital requirement a State savings association must satisfy each of the following capital standards:
(1) Risk-based capital requirement.
(i) A State savings association's minimum risk-based capital requirement shall be an amount equal to 8% of its risk-weighted assets as measured under § 390.466.
(ii) A State savings association may not use supplementary capital to satisfy this requirement in an amount greater than 100% of its core capital as defined in § 390.465.
(2) Leverage ratio requirement.
(i) A State savings association's minimum leverage ratio requirement shall be the amount set forth in § 390.467.
(ii) A State savings association must satisfy this requirement with core capital as defined in § 390.465(a).
(3) Tangible capital requirement.
(i) A State savings association's minimum tangible capital requirement shall be the amount set forth in § 390.468.
(ii) A State savings association must satisfy this requirement with tangible capital as defined in § 390.468 in an amount not less than 1.5% of its adjusted total assets.
(b) [Reserved]
(c) State savings associations are expected to maintain compliance with all of these standards at all times.