[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: 12CFR611.1205]



[Page 72]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 611_ORGANIZATION--Table of Contents

 

           Subpart P_Termination of System Institution Status

 

Sec. 611.1205  Definitions that apply in this subpart.



    Assets means all assets determined in conformity with GAAP, except 

as otherwise required in this subpart.

    GAAP means ``generally accepted accounting principles'' as that term 

is defined in Sec. 621.2(c) of this chapter.

    OFI means an ``other financing institution'' that has a funding and 

discount agreement with a Farm Credit bank under section 1.7(b)(1) of 

the Act.

    Successor institution means the bank, savings association, or other 

financial institution that the terminating bank or association will 

become when we revoke its Farm Credit charter.