total capital

(23) Total capital The term “total capital” means, with respect to an enterprise, the sum of the following: (A) The core capital of the enterprise; (B) A general allowance for foreclosure losses, which— (i) shall include an allowance for portfolio mortgage losses, an allowance for nonreimbursable foreclosure costs on government claims, and an allowance for liabilities reflected on the balance sheet for the enterprise for estimated foreclosure losses on mortgage-backed securities; and (ii) shall not include any reserves of the enterprise made or held against specific assets. (C) Any other amounts from sources of funds available to absorb losses incurred by the enterprise, that the Director by regulation determines are appropriate to include in determining total capital.

Source

12 USC § 4502(23)


Scoping language

None identified. Default scope is assumed to be the entire title.
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