Reduce or retire capital stock or capital debt instruments.

CFR · 2024-01-01 · US · Title 12

(a) (2) (b) (c) (1) The type and amount of the proposed change to the capital structure and the reason for the change; (2) A schedule detailing the present and proposed capital structure; (3) The time period that the proposal will encompass; (4) If the proposal involves a series of transactions affecting Tier 1 capital components which will be consummated over a period of time which shall not exceed twelve months, the application shall certify that the insured depository institution will maintain itself as a well-capitalized institution as defined in part 324 of this chapter both before and after each of the proposed transactions; (5) If the proposal involves the repurchase of capital instruments, the amount of the repurchase price and the basis for establishing the fair market value of the repurchase price; (6) A statement that the proposal will be available to all holders of a particular class of outstanding capital instruments on an equal basis, and if not, the details of any restrictions; and (7) The date that the applicant's board of directors approved the proposal. (d) (e) (f) (g)

official document · source cfr-2024 · id 12:§ 303.241