Required adjustments to liquidation sub-accounts.

CFR · 2024-01-01 · US · Title 12

(a) (i) The deposit balance in the account holder's savings account as of the relevant eligibility record date; or (ii) The deposit balance in the account holder's savings account as of its lowest balance as of any subsequent annual closing date. (2) The reduction in the account holder's liquidation sub-account from its balance at the time of conversion must be proportionate to the reduction in the account holder's savings account from its balance at the time of conversion. (b) (c) (d) (e)

official document · source cfr-2024 · id 12:§ 192.470