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When consolidated and Systemwide bearer securities of the Farm Credit banks are being presented to Federal Reserve Banks, for redemption, exchange, or conversion to book entry, such securities may be restrictively endorsed. The restrictive endorsement shall be placed thereon in substantially the same manner and with the same effects as prescribed in United States Treasury Department regulations, now or hereafter in force, governing like transactions in United States bonds; and consolidated or Systemwide securities of the Farm Credit banks so endorsed shall be prepared for shipment and shipped in the manner prescribed in such regulations for United States bearer securities. (See 31 CFR part 328.)
{ "chapter": [ "VI" ], "chapter_title": [ "CHAPTER VI - FARM CREDIT ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - FARM CREDIT SYSTEM" ], "part": [ "615" ], "part_title": [ "PART 615 - FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS" ], "section": [ "615.5462" ], "section_title": [ "§ 615.5462 Restrictive endorsement of bearer securities." ] }
When engaging in E-commerce, the business plan required under part 618 of this chapter, subpart J, must describe the E-commerce initiative, including intended objectives, business risks, security issues, relevant markets, and legal compliance.
{ "chapter": [ "VI" ], "chapter_title": [ "CHAPTER VI - FARM CREDIT ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - FARM CREDIT SYSTEM" ], "part": [ "609" ], "part_title": [ "PART 609 - ELECTRONIC COMMERCE" ], "section": [ "609.935" ], "section_title": [ "§ 609.935 Business planning." ] }
When making a request for administrative offset under § 313.140, the FDIC shall provide OPM with a written certification that: , (a) The debtor owes the FDIC a debt, including the amount of the debt; , (b) The FDIC has complied with the applicable statutes, regulations, and procedures of OPM; and , (c) The FDIC has complied with the requirements of 31 CFR parts 900 through 904, including any required hearing or review.
{ "chapter": [ "III" ], "chapter_title": [ "CHAPTER III - FEDERAL DEPOSIT INSURANCE CORPORATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - PROCEDURE AND RULES OF PRACTICE" ], "part": [ "313" ], "part_title": [ "PART 313 - PROCEDURES FOR COLLECTION OF CORPORATE DEBT, CRIMINAL RESTITUTION DEBT, AND CIVIL MONEY PENALTY DEBT" ], "section": [ "313.141" ], "section_title": [ "§ 313.141 Notification to OPM." ] }
When the FDIC refers a past-due, legally enforceable debt to FMS for tax refund offset, it will certify to FMS that: , (a) The debt is past due and legally enforceable in the amount submitted to FMS and that the FDIC will ensure that collections are properly credited to the debt; , (b) Except in the case of a judgment debt or as otherwise allowed by law, the debt is referred for offset within ten years after the FDIC's right of action accrues; , (c) The FDIC has made reasonable efforts to obtain payment of the debt, in that it has: , (1) Submitted the debt to FMS for collection by administrative offset and complied with the provisions of 31 U.S.C. 3716(a) and related regulations; , (2) Notified, or has made a reasonable attempt to notify, the debtor that the debt is past-due, and unless repaid within 60 days after the date of the notice, will be referred to FMS for tax refund offset; , (3) Given the debtor at least 60 days to present evidence that all or part of the debt is not past-due or legally enforceable, considered any evidence presented by the debtor, and determined that the debt is past-due and legally enforceable; and , (4) Provided the debtor with an opportunity to make a written agreement to repay the debt; and , (d) The debt is at least $25.
{ "chapter": [ "III" ], "chapter_title": [ "CHAPTER III - FEDERAL DEPOSIT INSURANCE CORPORATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - PROCEDURE AND RULES OF PRACTICE" ], "part": [ "313" ], "part_title": [ "PART 313 - PROCEDURES FOR COLLECTION OF CORPORATE DEBT, CRIMINAL RESTITUTION DEBT, AND CIVIL MONEY PENALTY DEBT" ], "section": [ "313.123" ], "section_title": [ "§ 313.123 Certification and referral of debt." ] }
When the bank or Farm Credit Administration determines that a loan did not conform to the requirements of the law or regulations at the time the loan was closed, such loan shall be withdrawn from collateral until the cause of ineligibility is remedied. When a loan has been classified as a loss loan, the bank shall adjust the collateral value of the loan accordingly.
{ "chapter": [ "VI" ], "chapter_title": [ "CHAPTER VI - FARM CREDIT ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - FARM CREDIT SYSTEM" ], "part": [ "615" ], "part_title": [ "PART 615 - FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS" ], "section": [ "615.5090" ], "section_title": [ "§ 615.5090 Reduction in carrying value of collateral." ] }
When used in this part, the following terms have the meanings indicated:, (a) Board employees means:, (1) Members of the Board of Governors of the Federal Reserve System (“Board”), officers, and other employees of the Board, including experts or consultants while employed by, and acting on behalf of, the Board; and, (2) Spouses (unless separated) or dependents (within the meaning of section 152 of the Internal Revenue Code of 1986 (26 U.S.C. 152)) of such persons., (b) Foreign government means:, (1) Any unit of foreign governmental authority, including any foreign national, State, local, or municipal government;, (2) Any international or multinational organization whose membership is composed of any unit of foreign government as described in paragraph (b)(1) of this section; and, (3) Any agent or representative of any such unit or organization, while acting as such., (c) Gift means a tangible or intangible present (other than a decoration) tendered by, or received from, a foreign government., (d) Decoration means an order, device, medal, badge, insignia, emblem, or award tendered by, or received from, a foreign government., (e) Minimal value means retail value in the United States at the time of acceptance of $285 or less as of January 1, 2002, and at 3-year intervals thereafter, as redefined in regulations prescribed by the Administrator of General Services, in consultation with the Secretary of State, to reflect changes in the consumer price index for the immediately preceding 3-year period., (f) Administrative Governor means the Board member serving as the Administrative Governor and includes persons designated by the Administrative Governor to exercise the authority granted under this part in the governor's absence.
{ "chapter": [ "II" ], "chapter_title": [ "CHAPTER II - FEDERAL RESERVE SYSTEM (CONTINUED)" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (CONTINUED)" ], "part": [ "264b" ], "part_title": [ "PART 264b - RULES REGARDING FOREIGN GIFTS AND DECORATIONS" ], "section": [ "264b.2" ], "section_title": [ "§ 264b.2 Definitions." ] }
When used in this part, the term labor organization means any lawful organization of any kind, or any employee representation group, which exists for the purpose, in whole or in part, of dealing with any Federal Reserve Bank concerning grievances, personnel policies and practices, or other matters affecting the working conditions of its employees, but the term shall not include any organization:, (a) Which asserts the right to strike against the government of the United States, the Board of Governors of the Federal Reserve System, or any Federal Reserve Bank, or to assist or participate in any such strike, or which imposes a duty or obligation to conduct, assist or participate in any such strike; or , (b) Which fails to agree to refrain from seeking or accepting support from any organization which employs coercive tactics affecting any Federal Reserve Bank's operations; or , (c) Which advocates the overthrow of the constitutional form of the government of the United States; or , (d) Which discriminates with regard to the terms or conditions of membership because of race, color, sex, creed, age or national origin.
{ "chapter": [ "II" ], "chapter_title": [ "CHAPTER II - FEDERAL RESERVE SYSTEM (CONTINUED)" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (CONTINUED)" ], "part": [ "269" ], "part_title": [ "PART 269 - POLICY ON LABOR RELATIONS FOR THE FEDERAL RESERVE BANKS" ], "section": [ "269.1" ], "section_title": [ "§ 269.1 Definition of a labor organization." ] }
When used with respect to the Third Party Brokerage Arrangements (“Networking”) Exception from the definition of the term “broker” in section 3(a)(4)(B)(i) of the Act (15 U.S.C. 78c(a)(4)(B)(i)) in the context of transactions with a customer, the following terms shall have the meaning provided:, (a) Contingent on whether the referral results in a transaction means dependent on whether the referral results in a purchase or sale of a security; whether an account is opened with a broker or dealer; whether the referral results in a transaction involving a particular type of security; or whether it results in multiple securities transactions; provided, however, that a referral fee may be contingent on whether a customer:, (1) Contacts or keeps an appointment with a broker or dealer as a result of the referral; or, (2) Meets any objective, base-line qualification criteria established by the bank or broker or dealer for customer referrals, including such criteria as minimum assets, net worth, income, or marginal federal or state income tax rate, or any requirement for citizenship or residency that the broker or dealer, or the bank, may have established generally for referrals for securities brokerage accounts., (b)(1) Incentive compensation means compensation that is intended to encourage a bank employee to refer customers to a broker or dealer or give a bank employee an interest in the success of a securities transaction at a broker or dealer. The term does not include compensation paid by a bank under a bonus or similar plan that is:, (i) Paid on a discretionary basis; and, (ii) Based on multiple factors or variables and:, (A) Those factors or variables include multiple significant factors or variables that are not related to securities transactions at the broker or dealer;, (B) A referral made by the employee is not a factor or variable in determining the employee's compensation under the plan; and, (C) The employee's compensation under the plan is not determined by reference to referrals made by any other person., (2) Nothing in this paragraph (b) shall be construed to prevent a bank from compensating an officer, director or employee under a bonus or similar plan on the basis of any measure of the overall profitability or revenue of:, (i) The bank, either on a stand-alone or consolidated basis;, (ii) Any affiliate of the bank (other than a broker or dealer), or any operating unit of the bank or an affiliate (other than a broker or dealer), if the affiliate or operating unit does not over time predominately engage in the business of making referrals to a broker or dealer; or, (iii) A broker or dealer if:, (A) Such measure of overall profitability or revenue is only one of multiple factors or variables used to determine the compensation of the officer, director or employee;, (B) The factors or variables used to determine the compensation of the officer, director or employee include multiple significant factors or variables that are not related to the profitability or revenue of the broker or dealer;, (C) A referral made by the employee is not a factor or variable in determining the employee's compensation under the plan; and, (D) The employee's compensation under the plan is not determined by reference to referrals made by any other person., (c) Nominal one-time cash fee of a fixed dollar amount means a cash payment for a referral, to a bank employee who was personally involved in referring the customer to the broker or dealer, in an amount that meets any of the following standards:, (1) The payment does not exceed:, (i) Twice the average of the minimum and maximum hourly wage established by the bank for the current or prior year for the job family that includes the employee; or, (ii) 1/1000th of the average of the minimum and maximum annual base salary established by the bank for the current or prior year for the job family that includes the employee; or, (2) The payment does not exceed twice the employee's actual base hourly wage or 1/1000th of the employee's actual annual base salary; or, (3) The payment does not exceed twenty-five dollars ($25), as adjusted in accordance with paragraph (f) of this section., (d) Job family means a group of jobs or positions involving similar responsibilities, or requiring similar skills, education or training, that a bank, or a separate unit, branch or department of a bank, has established and uses in the ordinary course of its business to distinguish among its employees for purposes of hiring, promotion, and compensation., (e) Referral means the action taken by one or more bank employees to direct a customer of the bank to a broker or dealer for the purchase or sale of securities for the customer's account., (f) Inflation adjustment - (1) In general. On April 1, 2012, and on the 1st day of each subsequent 5-year period, the dollar amount referred to in paragraph (c)(3) of this section shall be adjusted by:, (i) Dividing the annual value of the Employment Cost Index For Wages and Salaries, Private Industry Workers (or any successor index thereto), as published by the Bureau of Labor Statistics, for the calendar year preceding the calendar year in which the adjustment is being made by the annual value of such index (or successor) for the calendar year ending December 31, 2006; and, (ii) Multiplying the dollar amount by the quotient obtained in paragraph (f)(1)(i) of this section., (2) Rounding. If the adjusted dollar amount determined under paragraph (f)(1) of this section for any period is not a multiple of $1, the amount so determined shall be rounded to the nearest multiple of $1.
{ "chapter": [ "II" ], "chapter_title": [ "CHAPTER II - FEDERAL RESERVE SYSTEM" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM" ], "part": [ "218" ], "part_title": [ "PART 218 - EXCEPTIONS FOR BANKS FROM THE DEFINITION OF BROKER IN THE SECURITIES EXCHANGE ACT OF 1934 (REGULATION R)" ], "section": [ "218.700" ], "section_title": [ "§ 218.700 Defined terms relating to the networking exception from the definition of “broker.”" ] }
Whenever an institution-affiliated party of an insured credit union is charged in any state, Federal or territorial information or indictment or complaint with the commission of or participation in a crime involving dishonesty or breach of trust, which crime is punishable by imprisonment for a term exceeding one year under state or Federal law, the NCUA Board may, if continued service or participation by the concerned party may pose a threat to the interests of any credit union's members or may threaten to impair public confidence in any credit union, by written notice served upon such party, suspend him or her from office, or prohibit him or her from further participation in any manner in the affairs of any credit union, or both. A copy of the notice of suspension or prohibition shall also be served upon the credit union of which the subject of the order is, or most recently was, an institution-affiliated party.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - REGULATIONS AFFECTING CREDIT UNIONS" ], "part": [ "747" ], "part_title": [ "PART 747 - ADMINISTRATIVE ACTIONS, ADJUDICATIVE HEARINGS, RULES OF PRACTICE AND PROCEDURE, AND INVESTIGATIONS" ], "section": [ "747.303" ], "section_title": [ "§ 747.303 Notice of suspension or prohibition." ] }
Whenever the FCA determines that an extraordinary situation exists that necessitates a temporary regulatory waiver or modification, the FCA may, in its sole discretion:, (a) Modify or waive the minimum liquidity reserve requirement in § 652.40 of this subpart;, (b) Modify the amount, qualities, and types of eligible investments that you are authorized to hold pursuant to § 652.20 of this subpart; and/or, (c) Take other actions as deemed appropriate.
{ "chapter": [ "VI" ], "chapter_title": [ "CHAPTER VI - FARM CREDIT ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - FARM CREDIT SYSTEM" ], "part": [ "652" ], "part_title": [ "PART 652 - FEDERAL AGRICULTURAL MORTGAGE CORPORATION FUNDING AND FISCAL AFFAIRS" ], "section": [ "652.45" ], "section_title": [ "§ 652.45 Temporary regulatory waivers or modifications for extraordinary situations." ] }
Whenever the liabilities of one or more insured depository institutions for deposits are assumed by another insured depository institution, whether by merger, consolidation, other statutory assumption or contract:, (a) The insured status of the institutions whose liabilities have been assumed terminates on the date of receipt by the FDIC of satisfactory evidence of the assumption; and, (b) The separate insurance of deposits assumed continues for six months from the date the assumption takes effect or, in the case of a time deposit, the earliest maturity date after the six-month period. In the case of time deposits which mature within six months of the date the deposits are assumed and which are renewed at the same dollar amount (either with or without accrued interest having been added to the principal amount) and for the same term as the original deposit, the separate insurance applies to the renewed deposits until the first maturity date after the six-month period. Time deposits that mature within six months of the deposit assumption and that are renewed on any other basis, or that are not renewed and thereby become demand deposits, are separately insured only until the end of the six-month period.
{ "chapter": [ "III" ], "chapter_title": [ "CHAPTER III - FEDERAL DEPOSIT INSURANCE CORPORATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - REGULATIONS AND STATEMENTS OF GENERAL POLICY" ], "part": [ "330" ], "part_title": [ "PART 330 - DEPOSIT INSURANCE COVERAGE" ], "section": [ "330.4" ], "section_title": [ "§ 330.4 Continuation of separate deposit insurance after merger of insured depository institutions." ] }
Where FHFA has previously given a debtor any of the required notice and review opportunities with respect to a particular debt, FHFA is not required to duplicate such notice and review opportunities prior to initiating administrative offset.
{ "chapter": [ "XII" ], "chapter_title": [ "CHAPTER XII - FEDERAL HOUSING FINANCE AGENCY" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - ORGANIZATION AND OPERATIONS" ], "part": [ "1208" ], "part_title": [ "PART 1208 - DEBT COLLECTION" ], "section": [ "1208.46" ], "section_title": [ "§ 1208.46 No requirement for duplicate notice." ] }
Where FHFA has previously given a debtor any of the required notice and review opportunities with respect to a particular debt, FHFA is not required to duplicate such notice and review opportunities prior to initiating tax refund offset.
{ "chapter": [ "XII" ], "chapter_title": [ "CHAPTER XII - FEDERAL HOUSING FINANCE AGENCY" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - ORGANIZATION AND OPERATIONS" ], "part": [ "1208" ], "part_title": [ "PART 1208 - DEBT COLLECTION" ], "section": [ "1208.53" ], "section_title": [ "§ 1208.53 No requirement for duplicate notice." ] }
Where FHFA is the creditor agency, FHFA shall assess interest, penalties, and administrative costs pursuant to 31 U.S.C. 3717 and the FCCS, 31 CFR chapter IX.
{ "chapter": [ "XII" ], "chapter_title": [ "CHAPTER XII - FEDERAL HOUSING FINANCE AGENCY" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - ORGANIZATION AND OPERATIONS" ], "part": [ "1208" ], "part_title": [ "PART 1208 - DEBT COLLECTION" ], "section": [ "1208.30" ], "section_title": [ "§ 1208.30 Interest, penalties, and administrative costs." ] }
Where NCUA is the creditor agency, it shall assess interest, penalties and administrative costs pursuant to 31 U.S.C. 3717 and 31 CFR parts 900 through 904, unless excused in accordance with the FCCS.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - REGULATIONS AFFECTING THE OPERATIONS OF THE NATIONAL CREDIT UNION ADMINISTRATION" ], "part": [ "797" ], "part_title": [ "PART 797 - PROCEDURES FOR DEBT COLLECTION" ], "section": [ "797.11" ], "section_title": [ "§ 797.11 Interest, administrative costs, and penalties." ] }
Where NCUA regulations require credit unions to retain certain writings, records or information, credit unions may use any format that accurately reflects the information in the record, is accessible to all persons entitled to access by statute, regulation or rule of law, and is capable of being reproduced by transmission, printing, or otherwise. The credit union must maintain the necessary equipment or software to permit an examiner to access the records during the examination process.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - REGULATIONS AFFECTING CREDIT UNIONS" ], "part": [ "749" ], "part_title": [ "PART 749 - RECORDS PRESERVATION PROGRAM AND APPENDICES - RECORD RETENTION GUIDELINES; CATASTROPHIC ACT PREPAREDNESS GUIDELINES" ], "section": [ "749.5" ], "section_title": [ "§ 749.5 Format for records required by other NCUA regulations." ] }
Where NCUA seeks salary offset under 5 U.S.C. 5514 as the creditor agency, NCUA shall first provide the employee with a written Notice of Intent to Collect by Salary Offset (the Notice) at least 30 calendar days before salary offset is to commence. The Notice shall provide the following information:, (a) That the Executive Director has determined that a debt is owed to NCUA and intends to collect the debt by means of deduction from the employee's current disposable pay account until the debt and all accumulated interest is paid in full or otherwise resolved;, (b) The amount of the debt and the factual basis for the debt;, (c) A salary offset schedule stating the frequency and amount of each deduction, stated as a fixed dollar amount or percentage of disposable pay not to exceed 15 percent;, (d) That in lieu of salary offset, the employee may propose a voluntary repayment plan to satisfy the debt on terms acceptable to NCUA, which must be documented in writing, signed by the employee and the Executive Director, and documented in NCUA's files;, (e) NCUA's policy concerning interest, penalties, and administrative costs, and a statement that such assessments must be made, unless excused in accordance with the FCCS;, (f) That the employee has the right to inspect and copy NCUA records related to the debt, or to receive copies of such records if personal inspection is impractical;, (g) That the employee has a right to request a hearing regarding the existence and amount of the debt claimed or the salary offset schedule proposed by NCUA, provided that the employee files a request for such a hearing with NCUA in accordance with § 797.20, and that such a hearing will be conducted by a hearing official not under the supervision or control of NCUA;, (h) The procedure and deadline for requesting a hearing, including the name, address, and telephone number of the Executive Director or other designated individual to whom a request for a hearing must be sent;, (i) That a request for hearing must be received by NCUA on or before the 30th calendar day following receipt of the Notice, and that filing of a request for hearing will stay the collection proceedings;, (j) That NCUA will initiate salary offset procedures not less than 30 days from the date of the employee's receipt of the Notice, unless the employee files a timely request for a hearing;, (k) That if a hearing is held, the hearing official will issue a decision at the earliest practical date, but not later than 60 days after the filing of the request for the hearing, unless the employee requests a delay in the proceedings which is granted by the hearing official;, (l) That any knowingly false or frivolous statements, representations, or evidence may subject the employee to disciplinary procedures appropriate under 5 U.S.C. chapter 75, 5 CFR part 752; penalties under the False Claims Act, 31 U.S.C. 3729 through 3731; criminal penalties under 18 U.S.C. 286, 287, 1001, 1002; or any other applicable statutory authority; and, (m) That the employee also has the right to request waiver of overpayment pursuant to 5 U.S.C. 5584, and may exercise any other rights and remedies available under statutes or regulations governing the program for which the collection is being made.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - REGULATIONS AFFECTING THE OPERATIONS OF THE NATIONAL CREDIT UNION ADMINISTRATION" ], "part": [ "797" ], "part_title": [ "PART 797 - PROCEDURES FOR DEBT COLLECTION" ], "section": [ "797.18" ], "section_title": [ "§ 797.18 Notice requirements where NCUA is the creditor agency." ] }
Where a bank for cooperatives makes a loan to an eligible borrower that is secured by notes of individuals or business entities, the basic lending limits provided in § 614.4355 may be applied to each original notemaker rather than to the loan to the eligible borrower, if: , (a) Each note is current and carries a full recourse endorsement or unconditional guarantee by the borrower; , (b) The bank determines the financial condition, repayment capacity, and other credit factors of the loan to the original maker reasonably justify the credit granted by the endorser; and , (c) The loans are fully supported by documented loan files, which include, at a minimum: , (1) A credit report supporting the bank's finding that the financial condition, repayment capacity, and other factors of the maker of the notes being pledged justify the credit extended by the bank and/or endorser; , (2) A certification by a bank officer designated for that purpose by the loan or executive committee that the financial responsibility of the original notemaker has been evaluated by the loan committee and the bank is relying primarily on each such maker for the payment of the obligation; and , (3) Other credit information normally required of a borrower when making and administering a loan.
{ "chapter": [ "VI" ], "chapter_title": [ "CHAPTER VI - FARM CREDIT ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - FARM CREDIT SYSTEM" ], "part": [ "614" ], "part_title": [ "PART 614 - LOAN POLICIES AND OPERATIONS" ], "section": [ "614.4357" ], "section_title": [ "§ 614.4357 Banks for cooperatives look-through notes." ] }
Where a closed credit union has become obligated for the payment of items forwarded for collection by a depository institution acting solely as agent, the owner of such items will be recognized for all purposes of a claim for insured accounts to the same extent as if his name and interest were disclosed on the records of the credit union when such claim for insured accounts, if otherwise payable, has been established by the execution and delivery of prescribed forms. Such depository institution forwarding such items for the owners thereof will be recognized as agent for such owners for the purpose of making an assignment of the rights of such owners against the closed insured credit union to the Board and for the purpose of receiving payment on behalf of such owners.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - REGULATIONS AFFECTING CREDIT UNIONS" ], "part": [ "745" ], "part_title": [ "PART 745 - SHARE INSURANCE AND APPENDIX" ], "section": [ "745.12" ], "section_title": [ "§ 745.12 Account obligations for payment of items forwarded for collection by depository institution acting as agent." ] }
Where adjustments for overpayment or underpayment of assessments are made pursuant to §§ 607.3(d), 607.4(a)(2), and 607.4(b), credits for overpayments or charges for underpayments shall be based on FCA administrative operating expenses incurred in the applicable fiscal year and on funds required to be maintained pursuant to section 5.15 of the Act. Such credits or charges shall be applied to the next applicable assessment payment due during the current or subsequent fiscal year. Where such adjustments are made, the FCA shall provide the institution with a statement of adjustment at least 15 days prior to the date when the institution's next assessment payment is due. Adjustments in assessments shall be made in principal amount only. Overdue amounts under § 607.7 are not underpayments for assessment adjustment purposes.
{ "chapter": [ "VI" ], "chapter_title": [ "CHAPTER VI - FARM CREDIT ADMINISTRATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - ADMINISTRATIVE PROVISIONS" ], "part": [ "607" ], "part_title": [ "PART 607 - ASSESSMENT AND APPORTIONMENT OF ADMINISTRATIVE EXPENSES" ], "section": [ "607.10" ], "section_title": [ "§ 607.10 Adjustments for overpayment or underpayment of assessments." ] }
Where remedial action is ordered or provided for in a settlement agreement, a report to the panel that such action has been taken and that compliance with the decision and orders of the panel has been effected shall be submitted within the period of time specified in the panel's decision. The panel is empowered to utilize whatever administrative procedures it deems necessary to ascertain compliance.
{ "chapter": [ "II" ], "chapter_title": [ "CHAPTER II - FEDERAL RESERVE SYSTEM (CONTINUED)" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (CONTINUED)" ], "part": [ "269b" ], "part_title": [ "PART 269b - CHARGES OF UNFAIR LABOR PRACTICES" ], "section": [ "269b.610" ], "section_title": [ "§ 269b.610 Procedures." ] }
Where the Director has previously given a debtor any of the required notice and review opportunities with respect to a particular debt, the Director is not required to duplicate such notice and review opportunities prior to initiating administrative offset.
{ "chapter": [ "III" ], "chapter_title": [ "CHAPTER III - FEDERAL DEPOSIT INSURANCE CORPORATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - PROCEDURE AND RULES OF PRACTICE" ], "part": [ "313" ], "part_title": [ "PART 313 - PROCEDURES FOR COLLECTION OF CORPORATE DEBT, CRIMINAL RESTITUTION DEBT, AND CIVIL MONEY PENALTY DEBT" ], "section": [ "313.28" ], "section_title": [ "§ 313.28 No requirement for duplicate notice." ] }
Where the FDIC is the creditor agency, it shall assess interest, penalties, and administrative costs pursuant to 31 U.S.C. 3717 and 31 CFR parts 900 through 904.
{ "chapter": [ "III" ], "chapter_title": [ "CHAPTER III - FEDERAL DEPOSIT INSURANCE CORPORATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - PROCEDURE AND RULES OF PRACTICE" ], "part": [ "313" ], "part_title": [ "PART 313 - PROCEDURES FOR COLLECTION OF CORPORATE DEBT, CRIMINAL RESTITUTION DEBT, AND CIVIL MONEY PENALTY DEBT" ], "section": [ "313.50" ], "section_title": [ "§ 313.50 Interest, penalties, and administrative costs." ] }
Where the FDIC seeks salary offset under 5 U.S.C. 5514 as the creditor agency, the FDIC shall first provide the employee with a written Notice of Intent to Offset at least 30 calendar days before salary offset is to commence. The Notice of Intent to Offset shall include the following information and statements: , (a) That the Director has determined that a debt is owed to the FDIC and intends to collect the debt by means of deduction from the employee's current disposable pay account until the debt and all accumulated interest is paid in full or otherwise resolved; , (b) The amount of the debt and the factual basis for the debt; , (c) A salary offset schedule stating the frequency and amount of each deduction, stated as a fixed dollar amount or percentage of disposable pay (not to exceed 15%); , (d) That in lieu of salary offset, the employee may propose a voluntary repayment plan to satisfy the debt on terms acceptable to the FDIC, which must be documented in writing, signed by the employee and the Director or the Director's designee, and documented in the FDIC's files; , (e) The FDIC's policy concerning interest, penalties, and administrative costs, and a statement that such assessments must be made, unless excused in accordance with the FCCS; , (f) That the employee has the right to inspect and copy FDIC records not exempt from disclosure relating to the debt claimed, or to receive copies of such records if the employee or the employee's representative is unable personally to inspect the records, due to geographical or other constraints: , (1) That such requests be made in writing, and identify by name and address the Director or other designated individual to whom the request should be sent; and , (2) That upon receipt of such a request, the Director or the Director's designee shall notify the employee of the time and location where the records may be inspected and copied; , (g) That the employee has a right to request a hearing regarding the existence and amount of the debt claimed or the salary offset schedule proposed by the FDIC, provided that the employee files a request for such a hearing with the FDIC in accordance with § 313.42 that such a hearing will be conducted by an impartial official who is an administrative law judge or other hearing official not under the supervision or control of the Board; , (h) The procedure and deadline for requesting a hearing, including the name, address, and telephone number of the Director or other designated individual to whom a request for hearing must be sent; , (i) That a request for hearing must be received by the FDIC on or before the 30th calendar day following receipt of the Notice of Intent, and that filing of a request for hearing will stay the collection proceedings; , (j) That the FDIC will initiate salary offset procedures not less than 30 days from the date of the employee's receipt of the Notice of Intent to Offset, unless the employee files a timely request for a hearing; , (k) That if a hearing is held, the administrative law judge or other hearing official will issue a decision at the earliest practical date, but not later than 60 days after the filing of the request for the hearing, unless the employee requests a delay in the proceedings which is granted by the hearing official; , (l) That any knowingly false or frivolous statements, representations, or evidence may subject the employee to: , (1) Disciplinary procedures appropriate under 5 U.S.C. chapter 75, 5 CFR part 752, or any other applicable statutes or regulations; , (2) Penalties under the False Claims Act, 31 U.S.C. 3729 through 3731, or under any other applicable statutory authority; or , (3) Criminal penalties under 18 U.S.C. 286, 287, 1001, and 1002 or under any other applicable statutory authority; , (m) That the employee also has the right to request waiver of overpayment pursuant to 5 U.S.C. 5584, and may exercise any other rights and remedies available under statutes or regulations governing the program for which the collection is being made; and , (n) That amounts paid on or deducted from debts that are later waived or found not to be owed to the United States will be promptly refunded to the employee, unless there are applicable contractual or statutory provisions to the contrary.
{ "chapter": [ "III" ], "chapter_title": [ "CHAPTER III - FEDERAL DEPOSIT INSURANCE CORPORATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - PROCEDURE AND RULES OF PRACTICE" ], "part": [ "313" ], "part_title": [ "PART 313 - PROCEDURES FOR COLLECTION OF CORPORATE DEBT, CRIMINAL RESTITUTION DEBT, AND CIVIL MONEY PENALTY DEBT" ], "section": [ "313.41" ], "section_title": [ "§ 313.41 Notice requirement where FDIC is creditor agency." ] }
Where the director has previously given a debtor any of the required notice and review opportunities with respect to a particular debt, the Director is not required to duplicate such notice and review opportunities prior to initiating tax refund offset.
{ "chapter": [ "III" ], "chapter_title": [ "CHAPTER III - FEDERAL DEPOSIT INSURANCE CORPORATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - PROCEDURE AND RULES OF PRACTICE" ], "part": [ "313" ], "part_title": [ "PART 313 - PROCEDURES FOR COLLECTION OF CORPORATE DEBT, CRIMINAL RESTITUTION DEBT, AND CIVIL MONEY PENALTY DEBT" ], "section": [ "313.125" ], "section_title": [ "§ 313.125 No requirement for duplicate notice." ] }
Where the investigator has found that a prima facie case does not exist, a party, including an intervenor but excluding the respondent or other parties having the same interest as the respondent, within 5 days after receiving the Center's determination may petition the panel to set aside the determination and to cause formal proceedings, set forth in § 269b.410, to be invoked. The panel may grant such petition only on grounds that the Center or its agents were arbitrary, capricious, or acted contrary to law or the policy, or that the investigator's determination is clearly erroneous. The filing requirements for such a petition shall be the same as that for the filing of a charge, as set forth in § 269b.111.
{ "chapter": [ "II" ], "chapter_title": [ "CHAPTER II - FEDERAL RESERVE SYSTEM (CONTINUED)" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (CONTINUED)" ], "part": [ "269b" ], "part_title": [ "PART 269b - CHARGES OF UNFAIR LABOR PRACTICES" ], "section": [ "269b.310" ], "section_title": [ "§ 269b.310 Appeal rights." ] }
Within 120 days after the final distribution of assets to members is started, a duly executed Certificate of Dissolution and Liquidation shall be filed with the Regional Director.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - REGULATIONS AFFECTING CREDIT UNIONS" ], "part": [ "710" ], "part_title": [ "PART 710 - VOLUNTARY LIQUIDATION" ], "section": [ "710.8" ], "section_title": [ "§ 710.8 Certificate of dissolution and liquidation." ] }
Within 15 days after service of a response, the applicant may file a reply. If the reply is based on any alleged facts not already in the record of the underlying adversary adjudication, the applicant must include with the reply either supporting affidavits or a request for further proceedings under § 1203.25.
{ "chapter": [ "XII" ], "chapter_title": [ "CHAPTER XII - FEDERAL HOUSING FINANCE AGENCY" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - ORGANIZATION AND OPERATIONS" ], "part": [ "1203" ], "part_title": [ "PART 1203 - EQUAL ACCESS TO JUSTICE ACT" ], "section": [ "1203.22" ], "section_title": [ "§ 1203.22 Reply to the response." ] }
Within 15 days after service of an answer, the applicant may file a reply. If the reply is based on any alleged facts not already in the record of the adversary adjudication, the applicant shall include with the reply either supporting affidavits or a request for further proceedings under § 625.25 of this part.
{ "chapter": [ "VI" ], "chapter_title": [ "CHAPTER VI - FARM CREDIT ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - FARM CREDIT SYSTEM" ], "part": [ "625" ], "part_title": [ "PART 625 - APPLICATION FOR AWARD OF FEES AND OTHER EXPENSES UNDER THE EQUAL ACCESS TO JUSTICE ACT" ], "section": [ "625.23" ], "section_title": [ "§ 625.23 Reply." ] }
Within 15 days after service of the recommended decision, findings, conclusions, and proposed order, the applicant or counsel for NCUA may file with the NCUA Board written exceptions thereto. A supporting brief may also be filed. The NCUA Board shall render its decision within 60 days after the matter is submitted to it. The NCUA Board shall furnish copies of its decision and order to the parties. Judicial review of the NCUA Board's final decision and order may be obtained as provided in 5 U.S.C. 504(c)(2).
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - REGULATIONS AFFECTING CREDIT UNIONS" ], "part": [ "747" ], "part_title": [ "PART 747 - ADMINISTRATIVE ACTIONS, ADJUDICATIVE HEARINGS, RULES OF PRACTICE AND PROCEDURE, AND INVESTIGATIONS" ], "section": [ "747.615" ], "section_title": [ "§ 747.615 Decision of the NCUA Board." ] }
Within 30 days after the adjudicative officer issues an initial decision under § 1203.26, either the applicant or agency counsel may request the Director to review the initial decision of the adjudicative officer. The Director may also decide, at his or her discretion, to review the initial decision. If review is ordered, the Director must issue a final decision on the application for award or remand the application for award to the adjudicative officer for further proceedings under § 1203.25.
{ "chapter": [ "XII" ], "chapter_title": [ "CHAPTER XII - FEDERAL HOUSING FINANCE AGENCY" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - ORGANIZATION AND OPERATIONS" ], "part": [ "1203" ], "part_title": [ "PART 1203 - EQUAL ACCESS TO JUSTICE ACT" ], "section": [ "1203.27" ], "section_title": [ "§ 1203.27 Review by FHFA." ] }
Within 60 days following the hearing, or receipt of the subject individual's written submissions where hearing has been waived pursuant to § 747.308, the NCUA Board shall notify the institution-affiliated party whether the suspension or prohibition will be continued, terminated, or otherwise modified, or whether the order of removal or prohibition will be rescinded or otherwise modified. Such notification shall contain a statement of the basis for the decision of the NCUA Board, if that decision is adverse to the respondent party. In the case of a decision favorable to the respondent on the subject of a prior order of removal or prohibition, the NCUA Board shall take prompt action to rescind or otherwise modify the order of removal or prohibition.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - REGULATIONS AFFECTING CREDIT UNIONS" ], "part": [ "747" ], "part_title": [ "PART 747 - ADMINISTRATIVE ACTIONS, ADJUDICATIVE HEARINGS, RULES OF PRACTICE AND PROCEDURE, AND INVESTIGATIONS" ], "section": [ "747.309" ], "section_title": [ "§ 747.309 Decision of the NCUA Board." ] }
Within a reasonable time in advance of an election, a Bank shall notify each member in its district of the commencement of the election process. Such notice shall include:, (a) Election announcement., (1) The number of member directorships designated for each voting state in the Bank district and the number of independent directorships for the Bank;, (2) The name of each incumbent Bank director, the name and location of the member at which each member director serves, and the name and location of the organization with which each independent director is affiliated, if any, and the expiration date of each Bank director's term of office;, (3) A brief statement describing the skills and experience the Bank believes are most likely to add strength to the board of directors, provided that the Bank previously has conducted the annual assessment permitted by § 1261.9 and the Bank has elected to provide the results of the assessment to the members;, (4) An attachment indicating the name, location, and FHFA ID number of every member in the member's voting state, and the number of votes each such member may cast for each directorship to be filled by such members, as determined in accordance with § 1261.6; and, (5) If a member directorship is to be filled by members in a State, a nominating certificate for those members., (b) Member directorship nominations. (1) Any member that is entitled to vote in the election may nominate an eligible individual to fill each available member directorship for its voting state by delivering to its Bank, prior to a deadline to be established by the Bank and set forth in the notice required in paragraph (a) of this section, a nominating certificate duly adopted by the member's governing body or by an individual authorized by the member's governing body to act on its behalf., (2) The nominating certificate shall include the name of the nominee and the name, location, and FHFA ID number of the member the nominee serves as an officer or director., (3) The Bank shall establish a deadline for delivery of nominating certificates, which shall be no earlier than 30 calendar days after the date on which the Bank delivers the notice required by paragraph (a) of this section, and the Bank shall not accept certificates received after that deadline. The Bank shall retain all accepted nominating certificates for at least two years after the date of the election., (c) Accepting member directorship nominations. Promptly after receipt of any nominating certificate, a Bank shall notify in writing any individual nominated for a member directorship. An individual may accept the nomination only by delivering to the Bank, prior to a deadline established by the Bank and set forth in its notice, an executed director eligibility certification form prescribed by FHFA. A Bank shall allow each nominee at least 30 calendar days after the date the Bank delivered the notice of nomination within which to deliver the executed form. A nominee may decline the nomination by so advising the Bank in writing, or by failing to deliver a properly executed director eligibility certification form prior to the deadline. Each Bank shall retain all information received under this paragraph for at least two years after the date of the election., (d) Independent directorship nominations. (1) Any individual who seeks to be an independent director of the board of directors of a Bank may deliver to the Bank, on or before the deadline set by the Bank for delivery of nominating certificates, an executed independent director application form prescribed by FHFA that demonstrates that the individual both is eligible and has either of the following qualifications:, (i) More than four years of experience representing consumer or community interests in banking services, credit needs, housing, or consumer financial protections; or, (ii) Knowledge of or experience in one or more of the areas set forth in paragraph (e) of this section., (2) Any other interested party may recommend to the Bank that it consider a particular individual as a nominee for an independent directorship, but the Bank shall not nominate any individual unless the individual has delivered to the Bank, on or before the date the Bank has set for delivery of nominating certificates, an executed independent director application form prescribed by FHFA. The application form prescribed by FHFA will provide a means by which an individual can indicate an intent to be considered for a public interest directorship. The board of directors of the Bank may consider any individual for any independent directorship nomination, provided it has determined that the individual is eligible and qualified, but the board shall nominate for a public interest directorship only an individual who indicates on the application form a desire to be considered for a public interest directorship. The board of directors of the Bank shall consult with the Bank's Advisory Council before nominating any individual for any independent directorship. Each Bank shall include in its bylaws the procedures it intends to use for the nomination and election of the independent directors, and shall retain all information received under this paragraph for at least two years after the date of the election., (3) Each Bank shall determine the number of public interest directorships to be included among its authorized independent directorships, provided that each Bank shall at all times have at least two such directorships, and shall announce that number to its members in the notice required by paragraph (a) of this section. In submitting nominations to its members, each Bank shall nominate at least as many individuals as there are independent directorships to be filled in that year's election., (e) Independent director qualifications. (1) Each independent director and each nominee for an independent directorship, other than a public interest directorship, shall have experience in, or knowledge of, one or more of the following areas: auditing and accounting, derivatives, financial management, organizational management, project development, risk management practices, and the law. Before nominating any individual for an independent directorship, other than a public interest directorship, the board of directors of a Bank shall determine that such knowledge or experience of the nominee is commensurate with that needed to oversee a financial institution with a size and complexity that is comparable to that of the Bank., (2) Each public interest independent director and each nominee for a public interest directorship shall have more than four years of experience representing consumer or community interests in banking services, credit needs, housing or consumer financial protection., (f) Eligibility verification. Using the information provided on member director eligibility forms prescribed by FHFA, each Bank shall verify that each nominee for each member directorship meets all the eligibility requirements for such directorship. Using the information provided on independent director application forms prescribed by FHFA, each Bank shall verify that each nominee for each public interest independent directorship and each other independent directorship meets all eligibility requirements and any knowledge or experience qualifications for such directorship, as set forth in the Bank Act and this subpart. Before announcing any independent director nominee, the Bank shall deliver to FHFA, for the Director's review, a copy of the independent director application forms executed by the individuals nominated for independent directorships. If within two weeks of such delivery FHFA provides comments to the Bank on any independent director nominee, the board of directors of the Bank shall consider the FHFA's comments in determining whether to proceed with those nominees or to reopen the nomination.
{ "chapter": [ "XII" ], "chapter_title": [ "CHAPTER XII - FEDERAL HOUSING FINANCE AGENCY" ], "subchapter": [ "D" ], "subchapter_title": [ "SUBCHAPTER D - FEDERAL HOME LOAN BANKS" ], "part": [ "1261" ], "part_title": [ "PART 1261 - FEDERAL HOME LOAN BANK DIRECTORS" ], "section": [ "1261.7" ], "section_title": [ "§ 1261.7 Nominations for member and independent directorships." ] }
Within ten days after expiration of the period for receipt of comments pursuant to § 308.140, the Administrative Officer shall serve upon the applicant and any person who has requested an opportunity to be heard written notification indicating the place and time of the hearing. The hearing shall be held not later than 30 days after service of the notification of hearing. The notification shall contain the name and address of the presiding officer designated by the Administrative Officer and a statement of the matters to be considered.
{ "chapter": [ "III" ], "chapter_title": [ "CHAPTER III - FEDERAL DEPOSIT INSURANCE CORPORATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - PROCEDURE AND RULES OF PRACTICE" ], "part": [ "308" ], "part_title": [ "PART 308 - RULES OF PRACTICE AND PROCEDURE" ], "section": [ "308.141" ], "section_title": [ "§ 308.141 Notice of hearing." ] }
Without further approval of FHFA, the Financing Corporation shall have authority to utilize the officers, employees, or agents of any Bank or the Office of Finance in such manner as may be necessary to carry out its functions.
{ "chapter": [ "XII" ], "chapter_title": [ "CHAPTER XII - FEDERAL HOUSING FINANCE AGENCY" ], "subchapter": [ "D" ], "subchapter_title": [ "SUBCHAPTER D - FEDERAL HOME LOAN BANKS" ], "part": [ "1271" ], "part_title": [ "PART 1271 - MISCELLANEOUS FEDERAL HOME LOAN BANK OPERATIONS AND AUTHORITIES" ], "section": [ "1271.34" ], "section_title": [ "§ 1271.34 Bank and Office of Finance employees." ] }
Without limitation on other remedies, FHFA, upon determining that a Bank has engaged in mismanagement of its Program, may designate another Bank to administer all or a portion of the first Bank's annual AHP contribution, for the benefit of the first Bank's members, under such terms and conditions as FHFA may prescribe.
{ "chapter": [ "XII" ], "chapter_title": [ "CHAPTER XII - FEDERAL HOUSING FINANCE AGENCY" ], "subchapter": [ "E" ], "subchapter_title": [ "SUBCHAPTER E - HOUSING GOALS AND MISSION" ], "part": [ "1291" ], "part_title": [ "PART 1291 - FEDERAL HOME LOAN BANKS' AFFORDABLE HOUSING PROGRAM" ], "section": [ "1291.65" ], "section_title": [ "§ 1291.65 Transfer of Program administration." ] }
Without the FDIC's prior written approval, an industrial bank that is controlled by a Covered Company shall not:, (a) Make a material change in its business plan after becoming a subsidiary of such Covered Company;, (b) Add or replace a member of the board of directors, board of managers, or a managing member, as the case may be, of the subsidiary industrial bank during the first three years after becoming a subsidiary of such Covered Company;, (c) Add or replace a senior executive officer during the first three years after becoming a subsidiary of such Covered Company;, (d) Employ a senior executive officer who is, or during the past three years has been, associated in any manner (e.g., as a director, officer, employee, agent, owner, partner, or consultant) with an affiliate of the industrial bank; or, (e) Enter into any contract for services material to the operations of the industrial bank (for example, loan servicing function) with such Covered Company or any subsidiary thereof.
{ "chapter": [ "III" ], "chapter_title": [ "CHAPTER III - FEDERAL DEPOSIT INSURANCE CORPORATION (CONTINUED)" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - REGULATIONS AND STATEMENTS OF GENERAL POLICY (CONTINUED)" ], "part": [ "354" ], "part_title": [ "PART 354 - INDUSTRIAL BANKS" ], "section": [ "354.5" ], "section_title": [ "§ 354.5 Restrictions on industrial bank subsidiaries of Covered Companies." ] }
Witnesses (other than parties) subpoenaed for testimony (or for a deposition in lieu of personal appearance at a hearing) shall be paid the same fees for attendance and mileage as are paid in the United States district courts in proceedings in which the United States is a party, provided that, in the case of a discovery subpoena addressed to a party, no witness fees or mileage shall be paid. Fees for witnesses shall be tendered in advance by the party requesting the subpoena, except that fees and mileage need not be tendered in advance where FHFA is the party requesting the subpoena. FHFA shall not be required to pay any fees to or expenses of any witness who was not subpoenaed by FHFA.
{ "chapter": [ "XII" ], "chapter_title": [ "CHAPTER XII - FEDERAL HOUSING FINANCE AGENCY" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - ORGANIZATION AND OPERATIONS" ], "part": [ "1209" ], "part_title": [ "PART 1209 - RULES OF PRACTICE AND PROCEDURE" ], "section": [ "1209.19" ], "section_title": [ "§ 1209.19 Witness fees and expenses." ] }
Witnesses subpoenaed for testimony or depositions shall be paid the same fees for attendance and mileage as are paid in the United States district courts in proceedings in which the United States is a party, provided that, in the case of a discovery subpoena addressed to a party, no witness fees or mileage need be paid. Fees for witnesses shall be tendered in advance by the party requesting the subpoena, except that fees and mileage need not be tendered in advance where the Board is the party requesting the subpoena. The Board shall not be required to pay any fees to, or expenses of, any witness not subpoenaed by the Board.
{ "chapter": [ "II" ], "chapter_title": [ "CHAPTER II - FEDERAL RESERVE SYSTEM (CONTINUED)" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (CONTINUED)" ], "part": [ "263" ], "part_title": [ "PART 263 - RULES OF PRACTICE FOR HEARINGS" ], "section": [ "263.14" ], "section_title": [ "§ 263.14 Witness fees and expenses." ] }
Witnesses subpoenaed for testimony or depositions shall be paid the same fees for attendance and mileage as are paid in the United States district courts in proceedings in which the United States is a party, provided that, in the case of a discovery subpoena addressed to a party, no witness fees or mileage need be paid. Fees for witnesses shall be tendered in advance by the party requesting the subpoena, except that fees and mileage need not be tendered in advance where the FDIC is the party requesting the subpoena. The FDIC shall not be required to pay any fees to, or expenses of, any witness not subpoenaed by the FDIC.
{ "chapter": [ "III" ], "chapter_title": [ "CHAPTER III - FEDERAL DEPOSIT INSURANCE CORPORATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - PROCEDURE AND RULES OF PRACTICE" ], "part": [ "308" ], "part_title": [ "PART 308 - RULES OF PRACTICE AND PROCEDURE" ], "section": [ "308.14" ], "section_title": [ "§ 308.14 Witness fees and expenses." ] }
Witnesses subpoenaed for testimony or depositions shall be paid the same fees for attendance and mileage as are paid in the United States district courts in proceedings in which the United States is a party, provided that, in the case of a discovery subpoena addressed to a party, no witness fees or mileage need be paid. Fees for witnesses shall be tendered in advance by the party requesting the subpoena, except that fees and mileage need not be tendered in advance where the NCUA is the party requesting the subpoena. The NCUA shall not be required to pay any fees to, or expenses of, any witness not subpoenaed by the NCUA.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - REGULATIONS AFFECTING CREDIT UNIONS" ], "part": [ "747" ], "part_title": [ "PART 747 - ADMINISTRATIVE ACTIONS, ADJUDICATIVE HEARINGS, RULES OF PRACTICE AND PROCEDURE, AND INVESTIGATIONS" ], "section": [ "747.14" ], "section_title": [ "§ 747.14 Witness fees and expenses." ] }
You are not subject to the early payment provisions set forth in § 701.21(c)(6) of this chapter. You are also not subject to the interest rate provisions in § 701.21(c)(7).
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - REGULATIONS AFFECTING CREDIT UNIONS" ], "part": [ "714" ], "part_title": [ "PART 714 - LEASING" ], "section": [ "714.8" ], "section_title": [ "§ 714.8 Are the early payment provisions, or interest rate provisions, applicable in leasing arrangements?" ] }
You cause a substantial loss to the Deposit Insurance Fund (or any predecessor deposit insurance fund) under § 366.3(d) when you, or any person that owns or controls you, or any entity you own or control has:, (a) An obligation to us that is delinquent for 90 days or more and on which there is an outstanding balance of principal, interest, or a combination thereof of more than $50,000;, (b) An unpaid final judgment in our favor that is in excess of $50,000, regardless of whether it becomes discharged in whole or in part in a bankruptcy proceeding;, (c) A deficiency balance following foreclosure of collateral on an obligation owed to us that is in excess of $50,000, regardless of whether it becomes discharged in whole or in part in a bankruptcy proceeding; or, (d) A loss to us that is in excess of $50,000 that we report on IRS Form 1099-C, Information Reporting for Discharge of Indebtedness.
{ "chapter": [ "III" ], "chapter_title": [ "CHAPTER III - FEDERAL DEPOSIT INSURANCE CORPORATION (CONTINUED)" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - REGULATIONS AND STATEMENTS OF GENERAL POLICY (CONTINUED)" ], "part": [ "366" ], "part_title": [ "PART 366 - MINIMUM STANDARDS OF INTEGRITY AND FITNESS FOR AN FDIC CONTRACTOR" ], "section": [ "366.5" ], "section_title": [ "§ 366.5 What causes a substantial loss to a federal deposit insurance fund?" ] }
You do not have to own the leased property in an indirect leasing arrangement if: , (a) You obtain a full assignment of the lease. A full assignment is the assignment of all the rights, interests, obligations, and title in a lease to you, that is, you become the owner of the lease; , (b) You are named as the sole lienholder of the leased property; , (c) You receive a security agreement, signed by the leasing company, granting you a sole lien in the leased property and the right to take possession and dispose of the leased property in the event of a default by the lessee, a default in the leasing company's obligations to you, or a material adverse change in the leasing company's financial condition; and , (d) You take all necessary steps to record and perfect your security interest in the leased property. Your state's Commercial Code may treat the automobiles as inventory, and require a filing with the Secretary of State.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - REGULATIONS AFFECTING CREDIT UNIONS" ], "part": [ "714" ], "part_title": [ "PART 714 - LEASING" ], "section": [ "714.3" ], "section_title": [ "§ 714.3 Must you own the leased property in an indirect leasing arrangement?" ] }
You may earn income for those activities determined to be incidental to your business.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - REGULATIONS AFFECTING CREDIT UNIONS" ], "part": [ "721" ], "part_title": [ "PART 721 - INCIDENTAL POWERS" ], "section": [ "721.6" ], "section_title": [ "§ 721.6 May a credit union derive income from activities approved under this part?" ] }
You may not avoid paying fees by filing multiple requests at the same time. When FCA reasonably believes that you, alone or with others, are breaking down one request into a series of requests to avoid fees, we will combine the requests and charge accordingly.
{ "chapter": [ "VI" ], "chapter_title": [ "CHAPTER VI - FARM CREDIT ADMINISTRATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - ADMINISTRATIVE PROVISIONS" ], "part": [ "602" ], "part_title": [ "PART 602 - RELEASING INFORMATION" ], "section": [ "602.16" ], "section_title": [ "§ 602.16 Combining requests." ] }
You may not file multiple requests, each seeking portions of a document or similar documents, solely to avoid payment of fees. If this is done, NCUA may aggregate any such requests and charge you accordingly.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - REGULATIONS AFFECTING THE OPERATIONS OF THE NATIONAL CREDIT UNION ADMINISTRATION" ], "part": [ "792" ], "part_title": [ "PART 792 - REQUESTS FOR INFORMATION UNDER THE FREEDOM OF INFORMATION ACT AND PRIVACY ACT, AND BY SUBPOENA; SECURITY PROCEDURES FOR CLASSIFIED INFORMATION" ], "section": [ "792.23" ], "section_title": [ "§ 792.23 Can I avoid charges by sending multiple, small requests?" ] }
You may not require a waiver of contractual borrower rights provisions as a condition of borrowing from and owning equity in the successor institution. Institutions that become other financing institutions on termination must comply with the applicable borrower rights provisions in the Act and part 617 of this chapter.
{ "chapter": [ "VI" ], "chapter_title": [ "CHAPTER VI - FARM CREDIT ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - FARM CREDIT SYSTEM" ], "part": [ "611" ], "part_title": [ "PART 611 - ORGANIZATION" ], "section": [ "611.1290" ], "section_title": [ "§ 611.1290 Continuation of borrower rights." ] }
You may obtain these types of records or information in the following ways:, (a) You may obtain copies of the records referenced in § 792.02 by obtaining the index referred to in § 792.03 and following the ordering instructions it contains, or by making a written request to NCUA, Office of General Counsel, 1775 Duke Street, Alexandria, Virginia 22314-3428, Attn: FOIA Officer or as indicated on the NCUA Web site., (b) If they were created by NCUA on or after November 1, 1996, records referenced in § 792.02 are available on the NCUA web site, found at http://www.ncua.gov.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - REGULATIONS AFFECTING THE OPERATIONS OF THE NATIONAL CREDIT UNION ADMINISTRATION" ], "part": [ "792" ], "part_title": [ "PART 792 - REQUESTS FOR INFORMATION UNDER THE FREEDOM OF INFORMATION ACT AND PRIVACY ACT, AND BY SUBPOENA; SECURITY PROCEDURES FOR CLASSIFIED INFORMATION" ], "section": [ "792.04" ], "section_title": [ "§ 792.04 How can I obtain these records?" ] }
You may request expedited processing of your request if you can show a compelling need for the records. In cases where your request for expedited processing is granted or if NCUA has determined to expedite the response, it will be processed as soon as practicable., (a) To demonstrate a compelling need for expedited processing, you must provide a certified statement. The statement, certified by you to be true and correct to the best of your knowledge and belief, must demonstrate that:, (1) The failure to obtain the records on an expedited basis could reasonably be expected to pose an imminent threat to the life or physical safety of an individual; or, (2) The requester is a representative of the news media, as defined in § 792.20, and there is urgency to inform the public concerning actual or alleged NCUA activity., (b) In response to a request for expedited processing, the Information Center will notify you of the determination within ten working days of receipt of the request. If the Information Center denies your request for expedited processing, you may file an appeal pursuant to the procedures set forth in § 792.28, and NCUA will expeditiously respond to the appeal., (c) The Information Center will normally process requests in the order they are received in the separate processing tracks. However, in NCUA's discretion, a particular request may be processed out of turn.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - REGULATIONS AFFECTING THE OPERATIONS OF THE NATIONAL CREDIT UNION ADMINISTRATION" ], "part": [ "792" ], "part_title": [ "PART 792 - REQUESTS FOR INFORMATION UNDER THE FREEDOM OF INFORMATION ACT AND PRIVACY ACT, AND BY SUBPOENA; SECURITY PROCEDURES FOR CLASSIFIED INFORMATION" ], "section": [ "792.18" ], "section_title": [ "§ 792.18 What if my request is urgent and I cannot wait for the records?" ] }
You may request that NCUA waive or reduce fees if disclosure of the information you request is in the public interest because it is likely to contribute significantly to public understanding of the operations or activities of the government, and is not primarily in your commercial interest., (a) NCUA will make a determination of whether the public interest requirement above is met based on the following factors:, (1) Whether the subject of the requested records concerns identifiable operations or activities of the government, with a connection that is direct and clear;, (2) Whether the disclosable portions of the requested records are meaningfully informative about government operations and activities in order to be likely to contribute to an understanding of government operations or activities. Information already in the public domain, either in a duplicate or substantially identical form where nothing new would be added to the public's understanding, would not be meaningfully informative;, (3) Whether disclosure of the requested information will contribute to public understanding, meaning a reasonably broad audience of persons interested in the subject, as opposed to the individual understanding of the requester. A requester's expertise in the subject area and ability and intention to effectively convey information to the public will be considered. Representatives of the news media are presumed to satisfy this consideration; and, (4) Whether the disclosure is likely to contribute significantly to public understanding of government operations or activities. The level of public understanding before disclosure must be enhanced by the disclosure to a significant extent., (b) If the public interest requirement is met, NCUA will make a determination on the commercial interest requirement based upon the following factors:, (1) Whether you have a commercial interest that would be furthered by the requested disclosure; and if so, (2) Whether the magnitude of your commercial interest is sufficiently large in comparison with the public interest in disclosure, that disclosure is primarily in your commercial interest., (c) If the required public interest exists and your commercial interest is not primary in comparison, NCUA will waive or reduce fees., (d) If you are not satisfied with our determination on your fee waiver or reduction request, you may submit an appeal to the General Counsel in accordance with § 792.28.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - REGULATIONS AFFECTING THE OPERATIONS OF THE NATIONAL CREDIT UNION ADMINISTRATION" ], "part": [ "792" ], "part_title": [ "PART 792 - REQUESTS FOR INFORMATION UNDER THE FREEDOM OF INFORMATION ACT AND PRIVACY ACT, AND BY SUBPOENA; SECURITY PROCEDURES FOR CLASSIFIED INFORMATION" ], "section": [ "792.27" ], "section_title": [ "§ 792.27 Can fees be reduced or waived?" ] }
You must avoid a conflict of interest, be ethically responsible, and maintain confidential information as described in §§ 366.10 through 366.13. You must also provide us with the information we require in § 366.14. Failure to meet these requirements may prevent you from contracting with us.
{ "chapter": [ "III" ], "chapter_title": [ "CHAPTER III - FEDERAL DEPOSIT INSURANCE CORPORATION (CONTINUED)" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - REGULATIONS AND STATEMENTS OF GENERAL POLICY (CONTINUED)" ], "part": [ "366" ], "part_title": [ "PART 366 - MINIMUM STANDARDS OF INTEGRITY AND FITNESS FOR AN FDIC CONTRACTOR" ], "section": [ "366.9" ], "section_title": [ "§ 366.9 What other requirements could prevent me from performing contractual services for the FDIC?" ] }
You must comply with any applicable NCUA regulations, policies, and legal opinions, as well as applicable state and federal law, if an activity authorized under this part is otherwise regulated or conditioned.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - REGULATIONS AFFECTING CREDIT UNIONS" ], "part": [ "721" ], "part_title": [ "PART 721 - INCIDENTAL POWERS" ], "section": [ "721.5" ], "section_title": [ "§ 721.5 What limitations apply to a credit union engaging in activities approved under this part?" ] }
You must comply with the Consumer Leasing Act, 15 U.S.C. 1667-67f, and its implementing regulation, Regulation M, 12 CFR part 1013. You must comply with state laws on consumer leasing, but only to the extent that the state leasing laws are consistent with the Consumer Leasing Act, 15 U.S.C. 1667e, or provide the member with greater protections or benefits than the Consumer Leasing Act. You are also subject to the lending rules set forth in § 701.21 of this chapter, except as provided in §§ 714.8 and 714.9 of this part. The lending rules in § 701.21 address the preemption of other state and federal laws that impact on credit transactions.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - REGULATIONS AFFECTING CREDIT UNIONS" ], "part": [ "714" ], "part_title": [ "PART 714 - LEASING" ], "section": [ "714.10" ], "section_title": [ "§ 714.10 What other laws must you comply with when engaged in leasing?" ] }
You must have a qualified, independent external auditor review your implementation of the risk-based capital stress test every 3 years and submit a copy of the auditor's opinion to us.
{ "chapter": [ "VI" ], "chapter_title": [ "CHAPTER VI - FARM CREDIT ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - FARM CREDIT SYSTEM" ], "part": [ "652" ], "part_title": [ "PART 652 - FEDERAL AGRICULTURAL MORTGAGE CORPORATION FUNDING AND FISCAL AFFAIRS" ], "section": [ "652.100" ], "section_title": [ "§ 652.100 Audit of the risk-based capital stress test." ] }
You must hold risk-based capital in an amount determined in accordance with this subpart.
{ "chapter": [ "VI" ], "chapter_title": [ "CHAPTER VI - FARM CREDIT ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - FARM CREDIT SYSTEM" ], "part": [ "652" ], "part_title": [ "PART 652 - FEDERAL AGRICULTURAL MORTGAGE CORPORATION FUNDING AND FISCAL AFFAIRS" ], "section": [ "652.55" ], "section_title": [ "§ 652.55 General." ] }
You must retain salvage powers over the leased property. Salvage powers protect you from a loss and provide you with the power to take action if there is an unanticipated change in conditions that threatens your financial position by significantly increasing your exposure to risk. Salvage powers allow you: , (a) As the owner and lessor, to take reasonable and appropriate action to salvage or protect the value of the property or your interests arising under the lease; or , (b) As the assignee of a lease, to become the owner and lessor of the leased property pursuant to your contractual rights, or take any reasonable and appropriate action to salvage or protect the value of the property or your interests arising under the lease.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - REGULATIONS AFFECTING CREDIT UNIONS" ], "part": [ "714" ], "part_title": [ "PART 714 - LEASING" ], "section": [ "714.6" ], "section_title": [ "§ 714.6 Are you required to retain salvage powers over the leased property?" ] }
You must send your request or subpoena for records or testimony to the attention of the General Counsel for the NCUA, Office of General Counsel, 1775 Duke Street, Alexandria, Virginia 22314-3428. You must send your request or subpoena for records or testimony from the Office of the Inspector General to the attention of the NCUA Inspector General, 1775 Duke Street, Alexandria, Virginia 22314-3428.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - REGULATIONS AFFECTING THE OPERATIONS OF THE NATIONAL CREDIT UNION ADMINISTRATION" ], "part": [ "792" ], "part_title": [ "PART 792 - REQUESTS FOR INFORMATION UNDER THE FREEDOM OF INFORMATION ACT AND PRIVACY ACT, AND BY SUBPOENA; SECURITY PROCEDURES FOR CLASSIFIED INFORMATION" ], "section": [ "792.45" ], "section_title": [ "§ 792.45 Where do I send my request?" ] }
You must: , (a) Certify in writing that you can perform services for us under § 366.3 and have no conflict of interest under § 366.10(a). , (b) Submit a list and description of any instance during the preceding five years in which you, any person that owns or controls you, or any entity you own or control, defaulted on a material obligation to an insured depository institution. A default on a material obligation occurs when a loan or advance with an outstanding balance of more than $50,000 is or was delinquent for 90 days or more. , (c) Notify us within 10 business days after you become aware that you, or any person you employ to perform services for us, are not in compliance with this part. Your notice must include a detailed description of the facts of the situation and how you intend to resolve the matter. , (d) Agree in writing that you will employ only persons who meet the requirements of this part to perform services on our behalf. , (e) Comply with any request from us for information., (f) Retain any information you prepare or rely upon regarding the provisions of this part for a period of three years following termination or expiration and final payment of the related contract for services whichever occurs last.
{ "chapter": [ "III" ], "chapter_title": [ "CHAPTER III - FEDERAL DEPOSIT INSURANCE CORPORATION (CONTINUED)" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - REGULATIONS AND STATEMENTS OF GENERAL POLICY (CONTINUED)" ], "part": [ "366" ], "part_title": [ "PART 366 - MINIMUM STANDARDS OF INTEGRITY AND FITNESS FOR AN FDIC CONTRACTOR" ], "section": [ "366.14" ], "section_title": [ "§ 366.14 What information must I provide the FDIC?" ] }
You should submit your request at least 45 days before the date that you need the records or testimony. If you want to have your request processed in less time, you must explain why you couldn't submit the request earlier and why you need expedited processing. If you are requesting the testimony of an NCUA employee, the NCUA expects you to anticipate your need for the testimony in sufficient time to obtain it by a deposition. The General Counsel may deny a request for testimony at a legal proceeding unless you explain why you could not use deposition testimony. The General Counsel will determine the location of a deposition taking into consideration the NCUA's interest in minimizing the disruption for an NCUA employee's work schedule and the costs and convenience of other persons attending the deposition.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - REGULATIONS AFFECTING THE OPERATIONS OF THE NATIONAL CREDIT UNION ADMINISTRATION" ], "part": [ "792" ], "part_title": [ "PART 792 - REQUESTS FOR INFORMATION UNDER THE FREEDOM OF INFORMATION ACT AND PRIVACY ACT, AND BY SUBPOENA; SECURITY PROCEDURES FOR CLASSIFIED INFORMATION" ], "section": [ "792.44" ], "section_title": [ "§ 792.44 When should I make a request?" ] }
You will perform the risk-based capital stress test as described in summary form below and as described in detail in appendix A to this subpart. The risk-based capital stress test spreadsheet is also available electronically at http://www.fca.gov. The risk-based capital stress test has five components:, (a) Data requirements. You will use the following data to implement the risk-based capital stress test., (1) You will use Corporation loan-level data to implement the credit risk component of the risk-based capital stress test., (2) You will use Call Report data as the basis for Corporation data over the 10-year stress period supplemented with your interest rate risk measurements and tax data., (3) You will use other data, including the 10-year Constant Maturity Treasury (CMT) rate and the applicable Internal Revenue Service corporate income tax schedule, as further described in appendix A to this subpart., (b) Credit risk. The credit risk part estimates loan losses during a period of sustained economic stress., (1) For each loan in the Farmer Mac I portfolio, you will determine a default probability by using the logit functions specified in appendix A to this subpart with each of the following variables:, (i) Borrower's debt-to-asset ratio at loan origination;, (ii) Loan-to-value ratio at origination, which is the loan amount divided by the value of the property;, (iii) Debt-service-coverage ratio at origination, which is the borrower's net income (on- and off-farm) plus depreciation, capital lease payments, and interest, less living expenses and income taxes, divided by the total term debt payments;, (iv) The origination loan balance stated in 1997 dollars based on the consumer price index; and,, (v) The worst-case percentage change in farmland values (23.52 percent)., (2) You will then calculate the loss rate by multiplying the default probability for each loan by the estimated loss-severity rate, which is the average loss of the defaulted loans in the data set (20.9 percent)., (3) You will calculate losses by multiplying the loss rate by the origination loan balances stated in 1997 dollars., (4) You will adjust the losses for loan seasoning, based on the number of years since loan origination, according to the functions in appendix A to this subpart., (5) You will calculate loss rates on rural utility loans as further described in appendix A., (6) You will further adjust losses for loans that collateralize the general obligation of AgVantage Plus volume, and for loans where the program loan counterparty retains a subordinated interest in accordance with appendix A to this subpart., (7) The losses must be applied in the risk-based capital stress test as specified in appendix A to this subpart., (c) Interest rate risk. (1) During the first year of the stress period, you will adjust interest rates for two scenarios, an increase in rates and a decrease in rates. You must determine your risk-based capital level based on whichever scenario would require more capital., (2) You will calculate the interest rate stress based on changes to the quarterly average of the 10-year CMT. The starting rate is the 3-month average of the most recent CMT monthly rate series. To calculate the change in the starting rate, determine the average yield of the preceding 12 monthly 10-year CMT rates. Then increase and decrease the starting rate by:, (i) 50 percent of the 12-month average if the average rate is less than 12 percent; or, (ii) 600 basis points if the 12-month average rate is equal to or higher than 12 percent., (3) Following the first year of the stress period, interest rates remain at the new level for the remainder of the stress period., (4) You will apply the interest rate changes scenario as indicated in appendix A to this subpart., (5) You may use other interest rate indices in addition to the 10-year CMT subject to our concurrence, but in no event can your risk-based capital level be less than that determined by using only the 10-year CMT., (d) Cashflow generator. (1) You must adjust your financial statements based on the credit risk inputs and interest rate risk inputs described above to generate pro forma financial statements for each year of the 10-year stress test. The cashflow generator produces these financial statements. You may use the cashflow generator spreadsheet that is described in appendix A to this subpart and available electronically at http://www.fca.gov. You may also use any reliable cashflow program that can develop or produce pro forma financial statements using generally accepted accounting principles and widely recognized financial modeling methods, subject to our concurrence. You may disaggregate financial data to any greater degree than that specified in appendix A to this subpart, subject to our concurrence., (2) You must use model assumptions to generate financial statements over the 10-year stress period. The major assumption is that cashflows generated by the risk-based capital stress test are based on a steady-state scenario. To implement a steady-state scenario, when on- and off-balance sheet assets and liabilities amortize or are paid down, you must replace them with similar assets and liabilities (AgVantage Plus volume is not replaced when it matures). Replace amortized assets from discontinued loan programs with current loan programs. In general, keep assets with small balances in constant proportions to key program assets., (3) You must simulate annual pro forma balance sheets and income statements in the risk-based capital stress test using Farmer Mac's starting position, the credit risk and interest rate risk components, resulting cashflow outputs, current operating strategies and policies, and other inputs as shown in appendix A to this subpart and the electronic spreadsheet available at http://www.fca.gov., (e) Calculation of capital requirement. The calculations that you must use to solve for the starting regulatory capital amount are shown in appendix A to this subpart and in the electronic spreadsheet available at http://www.fca.gov.
{ "chapter": [ "VI" ], "chapter_title": [ "CHAPTER VI - FARM CREDIT ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - FARM CREDIT SYSTEM" ], "part": [ "652" ], "part_title": [ "PART 652 - FEDERAL AGRICULTURAL MORTGAGE CORPORATION FUNDING AND FISCAL AFFAIRS" ], "section": [ "652.65" ], "section_title": [ "§ 652.65 Risk-based capital stress test." ] }
Your indirect leasing arrangements are not subject to the eligible obligation limit if they satisfy the provisions of § 701.23(b)(3)(iv) that require that you make the final underwriting decision and that the lease contract is assigned to you very soon after it is signed by the member and the dealer or leasing company.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - REGULATIONS AFFECTING CREDIT UNIONS" ], "part": [ "714" ], "part_title": [ "PART 714 - LEASING" ], "section": [ "714.9" ], "section_title": [ "§ 714.9 Are indirect leasing arrangements subject to the purchase of eligible obligation limit set forth in § 701.23 of this chapter?" ] }
Your written request for records or testimony must include: , (a) The caption of the legal proceeding, docket number, and name of the court or other authority involved. , (b) A copy of the complaint or equivalent document setting forth the assertions in the case and any other pleading or document necessary to show relevance. , (c) A list of categories of records sought, a detailed description of how the information sought is relevant to the issues in the legal proceeding, and a specific description of the substance of the testimony or records sought. , (d) A statement as to how the need for the information outweighs the need to maintain the confidentiality of the information and outweighs the burden on the NCUA to produce the records or provide testimony. , (e) A statement indicating that the information sought is not available from another source, such as a credit union's own books and records, other persons or entities, or the testimony of someone other than an NCUA employee, for example, retained experts. , (f) A description of all prior decisions, orders, or pending motions in the case that bear upon the relevance of the records or testimony you want. , (g) The name, address, and telephone number of counsel to each party in the case. , (h) An estimate of the amount of time you anticipate that you and other parties will need with each NCUA employee for interviews, depositions, or testifying.
{ "chapter": [ "VII" ], "chapter_title": [ "CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - REGULATIONS AFFECTING THE OPERATIONS OF THE NATIONAL CREDIT UNION ADMINISTRATION" ], "part": [ "792" ], "part_title": [ "PART 792 - REQUESTS FOR INFORMATION UNDER THE FREEDOM OF INFORMATION ACT AND PRIVACY ACT, AND BY SUBPOENA; SECURITY PROCEDURES FOR CLASSIFIED INFORMATION" ], "section": [ "792.43" ], "section_title": [ "§ 792.43 What must my written request contain?" ] }
§§ 217.171 through 217.173 establish public disclosure requirements related to the capital requirements of a Board-regulated institution that is an advanced approaches Board-regulated institution.
{ "chapter": [ "II" ], "chapter_title": [ "CHAPTER II - FEDERAL RESERVE SYSTEM" ], "subchapter": [ "A" ], "subchapter_title": [ "SUBCHAPTER A - BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM" ], "part": [ "217" ], "part_title": [ "PART 217 - CAPITAL ADEQUACY OF BANK HOLDING COMPANIES, SAVINGS AND LOAN HOLDING COMPANIES, AND STATE MEMBER BANKS (REGULATION Q)" ], "section": [ "217.171" ], "section_title": [ "§ 217.171 Purpose and scope." ] }
§§ 324.171 through 324.173 establish public disclosure requirements related to the capital requirements of an FDIC-supervised institution that is an advanced approaches FDIC-supervised institution.
{ "chapter": [ "III" ], "chapter_title": [ "CHAPTER III - FEDERAL DEPOSIT INSURANCE CORPORATION" ], "subchapter": [ "B" ], "subchapter_title": [ "SUBCHAPTER B - REGULATIONS AND STATEMENTS OF GENERAL POLICY" ], "part": [ "324" ], "part_title": [ "PART 324 - CAPITAL ADEQUACY OF FDIC-SUPERVISED INSTITUTIONS" ], "section": [ "324.171" ], "section_title": [ "§ 324.171 Purpose and scope." ] }