Dividend proration basis

Dividend proration basis means the use of a 360-day year of 12 30-day months for purposes of computing dividend payments.

Source

12 CFR § 209.1

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Scoping language

Authority. This part is issued pursuant to 12 U.S.C. 222, 248, 282, 286288, 289, 321, 323, 327328, and 466.

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