12-U.S.C.-2279BB
§2279Bb – Definitions
Pathway
Title 12 > Chapter 23 > Subchapter VIII > Part B > Section 2279bb
Details
- Reference: Section 2279bb
- Legend: §2279Bb – Definitions
- USCode Year: 2013
Provision Content
For purposes of this part:
(1) Compensation
The term compensation means any payment of money or the provision of any other thing of current or potential value in connection with employment.
(2) Core capital
The term core capital means, with respect to the Corporation, the sum of the following (as determined in accordance with generally accepted accounting principles):
(A) The par value of outstanding common stock.
(B) The par value of outstanding preferred stock.
(C) Paid-in capital.
(D) Retained earnings.
(3) Director
The term Director means the Director of the Office of Secondary Market Oversight of the Farm Credit Administration, selected under section 2279aa–11(a)(3) of this title.
(4) Office
The term Office means the Office of Secondary Market Oversight of the Farm Credit Administration, established in section 2279aa–11(a) of this title.
(5) Regulatory capital
The term regulatory capital means, with respect to the Corporation, the core capital of the Corporation plus an allowance for losses and guarantee claims, as determined in accordance with generally accepted accounting principles.
(6) State
The term State means the States of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, Guam, the Virgin Islands, American Samoa, the Trust Territory of the Pacific Islands, and any other territory or possession of the United States.
(Pub. L. 92–181, title VIII, §8.31, as added Pub. L. 102–237, title V, §503(b)(2), Dec. 13, 1991, 105 Stat. 1871.)
Termination of Trust Territory of the Pacific Islands
For termination of Trust Territory of the Pacific Islands, see note set out preceding section 1681 of Title 48, Territories and Insular Possessions.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-2279F-1 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-2279F-1, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
7-U.S.C.-6981 in the Legal Encyclopedia: Safety
In this entry about 7-U.S.C.-6981, find legal reference material, bibliographies and premiere content related to safety in the American Encyclopedia of Law, presenting a comprehensive view of the United States safety-specific issues, written by authorities in the field.
12-U.S.C.-2279AA-11 in the Legal Encyclopedia: Farm Credit System
In this entry about 12-U.S.C.-2279AA-11, find legal reference material, bibliographies and premiere content related to farm credit system in the American Encyclopedia of Law, presenting a comprehensive view of the United States farm credit system-specific issues, written by authorities in the field.
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