Capital classifications

For purposes of this subchapter, the Director shall classify the enterprises according to the following capital classifications: An enterprise shall be classified as adequately capitalized if the enterprise— An enterprise shall be classified as undercapitalized if— the enterprise— An enterprise shall be classified as significantly undercapitalized if— the enterprise— An enterprise shall be classified as critically undercapitalized if— the enterprise— For purposes of this subchapter, the Director shall, by regulation— The capital classifications specified under this paragraph are— The Director may reclassify a regulated entity under paragraph (2) if— In addition to any other action authorized under this chapter, including the reclassification of a regulated entity for any reason not specified in this subsection, if the Director takes any action described in paragraph (1), the Director may classify a regulated entity— The Director shall determine the capital classification of the regulated entities for purposes of this subchapter on not less than a quarterly basis (and as appropriate under subsection (c)). A regulated entity shall make no capital distribution if, after making the distribution, the regulated entity would be undercapitalized. Notwithstanding paragraph (1), the Director may permit a regulated entity, to the extent appropriate or applicable, to repurchase, redeem, retire, or otherwise acquire shares or ownership interests if the repurchase, redemption, retirement, or other acquisition— Notwithstanding any other provision of this section, during the period beginning on October 28, 1992, and ending upon the effective date of section 4615 of this title (as provided in section 4615(c) 1 of this title), an enterprise shall be classified as adequately capitalized if the enterprise maintains an amount of core capital that is equal to or exceeds the minimum capital level for the enterprise under section 4612 of this title.