Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 12 - Banks and Banking |
Chapter II - Federal Reserve System |
SubChapter A - Board of Governors of the Federal Reserve System |
Part 250 - Miscellaneous Interpretations |
Interpretations |
§ 250.242 - Section 23A of the Federal Reserve Act—definition of capital stock and surplus.
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Link to an amendment published at 67 FR 76622, Dec. 12, 2002. (a) An insured depository institution's capital stock and surplus for purposes of section 23A of the Federal Reserve Act (12 U.S.C. 371c) is:
(1) Tier 1 and Tier 2 capital included in an institution's risk-based capital under the capital guidelines of the appropriate Federal banking agency, based on the institution's most recent consolidated Report of Condition and Income filed under 12 U.S.C. 1817(a)(3); and
(2) The balance of an institution's allowance for loan and lease losses not included in its Tier 2 capital for purposes of the calculation of risk-based capital by the appropriate Federal banking agency, based on the institution's most recent consolidated Report of Condition and Income filed under 12 U.S.C. 1817(a)(3).
(b) For purposes of this section, the terms
appropriate Federal banking agency andinsured depository institution are defined as those terms are defined in section 3 of the Federal Deposit Insurance Act, 12 U.S.C. 1813.Effective Date Note: At 67 FR 76622, Dec. 12, 2002, § 250.242 was removed, effective Apr. 1, 2003.