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Title 12 → Chapter VI → Subchapter B → Part 611 → Subpart P → §611.1205

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Title 12: Banks and Banking
PART 611—ORGANIZATION
Subpart P—Termination of System Institution Status

§611.1205 Definitions that apply in this subpart.

Assets means all assets determined in conformity with GAAP, except as otherwise required in this subpart.

Business days means days the FCA is open for business.

Days means calendar days.

Equity holders means holders of stock, participation certificates, or other equities such as allocated equities.

GAAP means “generally accepted accounting principles” as that term is defined in §621.2 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.

[71 FR 44420, Aug. 4, 2006, as amended at 85 FR 52253, Aug. 25, 2020]

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