[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR652.50]



[Page 319]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 652_FEDERAL AGRICULTURAL MORTGAGE CORPORATION FUNDING AND FISCAL 

AFFAIRS--Table of Contents

 

                Subpart B_Risk-Based Capital Requirements

 

Sec. 652.50  Definitions.



    Source: 66 FR 19064, Apr. 12, 2001. Redesignated at 70 FR 40650, 

July 14, 2005, unless otherwise noted.





    For purposes of this subpart, the following definitions will apply:

    (a) Farmer Mac, Corporation, you, and your means the Federal 

Agricultural Mortgage Corporation and its affiliates as defined in 

subpart A of this part.

    (b) Our, us, or we means the Farm Credit Administration.

    (c) Regulatory capital means the sum of the following as determined 

in accordance with generally accepted accounting principles:

    (1) The par value of outstanding common stock;

    (2) The par value of outstanding preferred stock;

    (3) Paid-in capital, which is the amount of owner investment in 

Farmer Mac in excess of the par value of stock;

    (4) Retained earnings; and

    (5) Any allowances for losses on loans and guaranteed securities.

    (d) Risk-based capital means the amount of regulatory capital 

sufficient for Farmer Mac to maintain positive capital during a 10-year 

period of stressful conditions as determined by the risk-based capital 

stress test described in Sec. 650.23.