The term “compensation” means any payment of money or the provision of any other thing of current or potential value in connection with employment.
(2) Core capital
The term “core capital” means, with respect to the Corporation, the sum of the following (as determined in accordance with generally accepted accounting principles):
(A)The par value of outstanding common stock.
(B)The par value of outstanding preferred stock.
(C)Paid-in capital.
(D)Retained earnings.
(3) Director
The term “Director” means the Director of the Office of Secondary Market Oversight of the Farm Credit Administration, selected under section
2279aa–11(a)(3) of this title.
(4) Office
The term “Office” means the Office of Secondary Market Oversight of the Farm Credit Administration, established in section
2279aa–11(a) of this title.
(5) Regulatory capital
The term “regulatory capital” means, with respect to the Corporation, the core capital of the Corporation plus an allowance for losses and guarantee claims, as determined in accordance with generally accepted accounting principles.
(6) State
The term “State” means the States of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, Guam, the Virgin Islands, American Samoa, the Trust Territory of the Pacific Islands, and any other territory or possession of the United States.
The term “compensation” means any payment of money or the provision of any other thing of current or potential value in connection with employment.
(2) Core capital
The term “core capital” means, with respect to the Corporation, the sum of the following (as determined in accordance with generally accepted accounting principles):
(A)The par value of outstanding common stock.
(B)The par value of outstanding preferred stock.
(C)Paid-in capital.
(D)Retained earnings.
(3) Director
The term “Director” means the Director of the Office of Secondary Market Oversight of the Farm Credit Administration, selected under section
2279aa–11(a)(3) of this title.
(4) Office
The term “Office” means the Office of Secondary Market Oversight of the Farm Credit Administration, established in section
2279aa–11(a) of this title.
(5) Regulatory capital
The term “regulatory capital” means, with respect to the Corporation, the core capital of the Corporation plus an allowance for losses and guarantee claims, as determined in accordance with generally accepted accounting principles.
(6) State
The term “State” means the States of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, Guam, the Virgin Islands, American Samoa, the Trust Territory of the Pacific Islands, and any other territory or possession of the United States.
Termination of Trust Territory of the Pacific Islands
For termination of Trust Territory of the Pacific Islands, see note set out preceding section
1681 of Title
48, Territories and Insular Possessions.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Friday, May 3, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
12 USC
Description of Change
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