depository institution

(5) Definitions (A) Appropriate Federal banking agency The term “appropriate Federal banking agency” has the same meaning as in section 1813 of this title . (B) Critically undercapitalized The term “critically undercapitalized” has the same meaning as in section 1831o of this title . (C) Depository institution The term “depository institution” has the same meaning as in section 1813 of this title . (D) Undercapitalized depository institution The term “undercapitalized depository institution” means any depository institution which— (i) is undercapitalized, as defined in section 1831o of this title ; or (ii) has a composite CAMEL rating of 5 under the Uniform Financial Institutions Rating System (or an equivalent rating by any such agency under a comparable rating system) as of the most recent examination of such institution. (E) Viable A depository institution is “viable” if the Board or the appropriate Federal banking agency determines, giving due regard to the economic conditions and circumstances in the market in which the institution operates, that the institution— (i) is not critically undercapitalized; (ii) is not expected to become critically undercapitalized; and (iii) is not expected to be placed in conservatorship or receivership.

Source

12 USC § 347b(b)(5)

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Scoping language

None identified, default scope is assumed to be the parent (subchapter IX) of this section.

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