Equity ratio means the ratio of:
(i) The amount determined by subtracting -
(A) Direct liabilities of the NCUSIF and contingent liabilities for which no provision for losses has been made from
(B) The sum of all one percent deposits made by federally insured credit unions pursuant to paragraph (c) of this section and the retained earnings balance of the NCUSIF, to
(ii) The aggregate amount of insured shares in all federally insured credit unions.