Cal. Code Regs. Tit. 10, § 105.200 - Definitions

(a) "Statutory net worth" has the meaning set forth in Section 6076 of the law and Section 101.100(h) of the regulations.

(b) "Total assets" shall include all assets as defined in Section 100.1(d) of the regulations, except the following:

(1) Cash on hand and demand deposits in banks.

(2) Loans of an association secured by the pledge of shares on investment certificates of such association.

(3) United States Government bonds and treasury certificates and other securities fully guaranteed as to principal and interest by the United States Government bonds and treasury certificates and other securities fully guaranteed as to principal and interest by the United States; and securities issued or guaranteed by the Government National Mortgage Association or those securities described in (b) (3) herein and held under repurchase agreements.

(4) Any obligations of, or participations or other instruments fully guaranteed as to principal and interest by, the Federal Home Loan Mortgage Corporation or Federal National Mortgage Association.

(5) Stock of a Federal Home Loan Bank or the Federal National Mortgage Association.

(6) Federal funds transactions.

(7) Transactions in the "Overnight Deposit Program" of the Federal Home Loan Bank.

(8) The federal Savings and loan Insurance Corporation secondary reserve.

(9) Loans insured by the Federal Housing Administration or guaranteed by the Veterans Administration.

Notes

Cal. Code Regs. Tit. 10, § 105.200

1. Change without regulatory effect renumbering former Section 119.1 to Section 105.200 (Register 87, No. 14). For prior history, see Register 82, No. 43.

Note: Authority cited: Section 5255, Financial Code. Reference: Section 5076 and 6900, Financial Code.

1. Change without regulatory effect renumbering former Section 119.1 to Section 105.200 (Register 87, No. 14). For prior history, see Register 82, No. 43.