statutorily prescribed amount

(6) “Statutorily prescribed amount” defined For purposes of this subsection, the term “statutorily prescribed amount” means, with respect to any calendar year which ends after August 9, 1989 — (A) $823,705,000, minus (B) the sum of— (i) the aggregate amount of offsets made before August 9, 1989 , by all insured institutions under section 404(e)(2) 1 of the National Housing Act [ 12 U.S.C. 1727(e)(2) ] (as in effect before August 9, 1989 ); and (ii) the aggregate amount of offsets made by all savings associations under this subsection before the beginning of such calendar year.


12 USC § 1817(m)(6)

Scoping language

For purposes of this subsection
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