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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 I - Comptroller of the Currency, Department of the Treasury |
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Part 5 - Rules, Policies, and Procedures for Corporate Activities |
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Subpart E - Payment of Dividends by National Banks |
§ 5.61 - Definitions.
Latest version.
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§ 5.61 Definitions.
For the purposes of subpart E, the following definitions apply:
(a) Capital stock, capital surplus, and permanent capital have the same meaning as set forth in § 5.46.
(b) Retained net income means the net income of a specified period less the total amount of all dividends declared in that period.