Definitions.

CFR · 2024-01-01 · US · Title 12

As used in this part: (1) Provided pursuant to a written agreement; (2) Supported by a note or other written evidence of the borrower's obligation; and (3) Fully secured by collateral in accordance with the Bank Act and this part. (1) Are readily convertible into known amounts of cash; (2) Have a remaining maturity of 90 days or less at the acquisition date; and (3) Are held for liquidity purposes. (1) Based on the average of total assets drawn from the institution's regulatory financial reports (as defined in § 1263.1 of this chapter) filed with its appropriate regulator (as defined in § 1263.1 of this chapter) for the three most recent calendar year-ends; and (2) Annually, and shall be effective April 1 of each year. (1) Any loan or instrument that qualifies as eligible security for an advance under § 1266.7(a) of this part; (2) Any loan that qualifies as a small agri-business loan, small business loan or small farm loan, under definitions set forth in this section; or (3) Consumer loans or credit extended to one or more individuals for household, family or other personal expenditures. (1) An equity security representing an ownership interest in: (i) Fully disbursed, whole first mortgage loans on improved residential real property; or (ii) Mortgage pass-through or participation securities which are themselves backed entirely by fully disbursed, whole first mortgage loans on improved residential real property; or (2) An obligation, bond, or other debt security backed entirel

official document · source cfr-2024 · id 12:§ 1266.1