§2279bb Definitions

Summary

Defines key words used in this part. Compensation means any money paid or anything else of value tied to a job. Core capital means, for the Corporation, the total of four items—par value of outstanding common stock, par value of outstanding preferred stock, paid-in capital, and retained earnings—as measured under generally accepted accounting principles. Director means the person who heads the Office of Secondary Market Oversight at the Farm Credit Administration, chosen as the law provides. Office means the Office of Secondary Market Oversight of the Farm Credit Administration. Regulatory capital means core capital plus an allowance for losses and guarantee claims, measured under generally accepted accounting principles. State means the 50 States, the District of Columbia, Puerto Rico, the Northern Mariana Islands, Guam, the Virgin Islands, American Samoa, the Trust Territory of the Pacific Islands, and any other U.S. territory or possession.