Investment in the capital of an unconsolidated financial institution
Investment in the capital of an unconsolidated financial institution means a net long position calculated in accordance with 324.22 in an instrument that is recognized as capital for regulatory purposes by the primary supervisor of an unconsolidated regulated financial institution or is an instrument that is part of the GAAP equity of an unconsolidated unregulated financial institution, including direct, indirect, and synthetic exposures to capital instruments, excluding underwriting positions held by the FDIC-supervised institution for five or fewer business days.