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12 U.S.C. § 2279bb–2

Minimum capital level

United States · Title 12 — BANKS AND BANKING · Status: effective

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12 U.S.C. § 2279bb–2, Minimum capital level, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438352
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Full text

Except as provided in subsection (b), for purposes of this part, the minimum capital level for the Corporation shall be an amount of core capital equal to the sum of 0.75 percent of the aggregate off-balance sheet obligations of the Corporation, which, for the purposes of this part, shall include For purposes of this part, the minimum capital level for the Corporation— prior to January 1, 1997, shall be the amount of core capital equal to the sum of— during the 1-year period ending December 31, 1997, shall be the amount of core capital equal to the sum of— during the 1-year period ending December 31, 1998, shall be the amount of core capital equal to— if the Corporation’s core capital is not less than $25,000,000 on January 1, 1998, the sum of— For purposes of this subsection, the designated on-balance sheet assets of the Corporation shall be—

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.

  • Amended byPub. L. 102-237(H.R. 3029)1991-12-13
    Food, Agriculture, Conservation, and Trade Act Amendments of 1991
    House: 417–5Senate: no recorded tally
  • Amended byPub. L. 104-105(H.R. 2029)1996-02-10
    Farm Credit System Reform Act of 1996
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 115-334(H.R. 2)2018-12-20
    Agriculture Improvement Act of 2018
    House: 369–47Senate: 87–13