2017 US Code
Title 12 - Banks and Banking
Chapter 23 - Farm Credit System
Subchapter VIII - Agricultural Mortgage Secondary Market
Part B - Regulation of Financial Safety and Soundness of Federal Agricultural Mortgage Corporation
Sec. 2279bb-3 - Critical capital level
| 12 U.S.C. § 2279bb-3 (2017) |
| §2279bb–3. Critical capital level |
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For purposes of this part, the critical capital level for the Corporation shall be an amount of core capital equal to 50 percent of the total minimum capital amount determined under section 2279bb–2 of this title. |
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(Pub. L. 92–181, title VIII, §8.34, as added Pub. L. 102–237, title V, §503(b)(2), Dec. 13, 1991, 105 Stat. 1874; amended Pub. L. 104–105, title I, §115, Feb. 10, 1996, 110 Stat. 167.) |
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AMENDMENTS
1996—Pub. L. 104–105 amended section generally. Prior to amendment, section read as follows: "For purposes of this part, the critical capital level for the Corporation shall be an amount of core capital equal to the sum of— "(1) 1.25 percent of the aggregate on-balance sheet assets of the Corporation (other than assets referred to in paragraph (3)), as determined in accordance with generally accepted accounting principles; "(2) 0.25 percent of the unpaid principal balance of outstanding securities guaranteed by the Corporation and backed by pools of qualified loans and substantially equivalent instruments issued or guaranteed by the Corporation, and other off-balance sheet obligations of the Corporation; and "(3) a percentage of any aggregate assets of the Corporation acquired pursuant to the linked portfolio option under section 2279aa–6(g) of this title, which shall be— "(A) during the 5-year period beginning on December 13, 1991, one-half of the percentage that is determined under section 2279bb–2(c)(1) of this title; and "(B) after the expiration of such 5-year period, 1.25 percent of any such aggregate assets." |
| United States Code, 2012 Edition, Supplement 5, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 23 - FARM CREDIT SYSTEM SUBCHAPTER VIII - AGRICULTURAL MORTGAGE SECONDARY MARKET Part B - Regulation of Financial Safety and Soundness of Federal Agricultural Mortgage Corporation Sec. 2279bb-3 - Critical capital level |
| section 2279bb-3 |
| 2017 |
| January 12, 2018 |
| No |
| standard |
| 105 Stat. 1874 110 Stat. 167 |
| Public Law 92-181, Public Law 102-237, Public Law 104-105 |
