[Code of Federal Regulations]
[Title 12, Volume 3]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR250.242]

[Page 681]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 250--MISCELLANEOUS INTERPRETATIONS--Table of Contents
 
Sec. 250.242  Section 23A of the Federal Reserve Act--definition of capital stock and surplus.

    (a) An insured depository institution's capital stock and surplus 
for purposes of section 23A of the Federal Reserve Act (12 U.S.C. 371c) 
is:
    (1) Tier 1 and Tier 2 capital included in an institution's risk-
based capital under the capital guidelines of the appropriate Federal 
banking agency, based on the institution's most recent consolidated 
Report of Condition and Income filed under 12 U.S.C. 1817(a)(3); and
    (2) The balance of an institution's allowance for loan and lease 
losses not included in its Tier 2 capital for purposes of the 
calculation of risk-based capital by the appropriate Federal banking 
agency, based on the institution's most recent consolidated Report of 
Condition and Income filed under 12 U.S.C. 1817(a)(3).
    (b) For purposes of this section, the terms appropriate Federal 
banking agency and insured depository institution are defined as those 
terms are defined in section 3 of the Federal Deposit Insurance Act, 12 
U.S.C. 1813.

[61 FR 19806, May 3, 1996]

    Effective Date Note: At 67 FR 76622, Dec. 12, 2002, Sec. 250.242 was 
removed, effective Apr. 1, 2003.