Section 10.16076 - ComputationIn case the applicable minimum for a maintenance period is to be determined on the basis of the adjusted liabilities of a subject institution, the amount of such adjusted liabilities shall be computed as follows:
(a) Add the adjusted liabilities of the subject institution as of the close of business of each day of the computation period next preceding the maintenance period. (For purposes of this computation, the adjusted liabilities for any day on which the subject institution is not open for business shall be deemed to be the same as the adjusted liabilities as of the close of business on the next preceding day on which the subject institution was open for business.)(b) Divide the sum determined in accordance with Subdivision (a) of this Section by the number of days in the computation period.(c) Round the quotient determined in accordance with Subdivision (b) of this Section to the nearest thousand dollars.Cal. Code Regs. Tit. 10, § 10.16076
1. Certificate of Compliance including amendment transmitted to OAL 2-11-82 and filed 3-12-82 (Register 82, No. 11). Note: Authority cited: Section 215, Financial Code. Reference: Section 1761, Financial Code.
1. Certificate of Compliance including amendment transmitted to OAL 2-11-82 and filed 3-12-82 (Register 82, No. 11).