Tangible equity

Tangible equity means the amount of a savings association's core capital as computed in part 567 of this chapter plus the amount of its outstanding cumulative perpetual preferred stock (including related surplus), minus intangible assets as defined in 567.1 of this chapter, except mortgage servicing assets to the extent they are includable under 567.12. Non-mortgage servicing assets that have not been previously deducted in calculating core capital are deducted.

Source

12 CFR § 565.2

Scoping language

For purposes of this part, except as modified in this section or unless the context otherwise requires, the terms used in this part have the same meanings as set forth in sections 38 and 3 of the FDI Act.