Increases in permanent capital of a Federal stock savings association.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (d) (e) (1) (2) (3) (i) The amount paid in on capital stock in excess of the par or stated value; (ii) Direct capital contributions representing the amounts paid in to the Federal stock savings association other than for capital stock; (iii) The amount transferred from retained net income; and (iv) The amount transferred from retained net income reflecting stock dividends. (4) (5) (f) (1) Consistent with law, regulation, and OCC policy thereunder; (2) Provides an adequate capital structure; and (3) If appropriate, complies with the Federal stock savings association's capital plan. (g) (i) Required to receive OCC approval pursuant to letter, order, directive, written agreement or otherwise; (ii) Selling common or preferred stock for consideration other than cash; or (iii) Receiving a material noncash contribution to capital surplus. (2) (i) Describe the type and amount of the proposed change in permanent capital and explain the reason for the change; (ii) In the case of a material noncash contribution to capital, provide a description of the method of valuing the contribution; and (iii) State if the Federal stock savings association is subject to a capital (3) (4) (A) The amount, including the par value of the stock, and effective date of the increase; (B) A certification that the funds have been paid in, if applicable; and (C) A statement that the Federal stock savings association has complied with all laws, regulations and conditions imposed by the OCC. (5) (h) (

official document · source cfr-2024 · id 12:§ 5.45