For the purpose of this subpart, the following definitions apply:
Allocated investment means earnings allocated but not paid in cash by a System bank to an association or other recipient.
Deferred tax assets (DTAs) means an amount of income taxes refundable or recoverable in future years as a result of temporary differences and net operating loss or tax credit carryforwards that exist at the reporting date. There are three types of DTAs and they arise from:
Nonagreeing association means an association that does not have an allotment agreement in effect with a Farm Credit Bank or agricultural credit bank pursuant to § 615.5207(b)(2) .
Permanent capital, subject to adjustments as described in § 615.5207 , includes:
Preferred stock means stock that is permanent capital and has dividend and/or liquidation preference over common stock.
Risk-adjusted asset base means "standardized total risk-weighted assets" as defined in § 628.2 of this chapter, adjusted in accordance with § 615.5207 and excluding the deduction in paragraph (2) of that definition for the amount of the System institution's adjusted allowance for credit losses that is not included in tier 2 capital.
Stock means stock and participation certificates.
System bank means a Farm Credit bank as defined in § 619.9140 of this chapter, which includes Farm Credit Banks, agricultural credit banks, and banks for cooperatives.
System institution means a System bank, an association of the Farm Credit System, and their successors, and any other institution chartered by the Farm Credit Administration (FCA) that the FCA determines should be considered a System institution for the purposes of this subpart.
Term preferred stock means preferred stock with an original maturity of at least 5 years and on which, if cumulative, the board of directors has the option to defer dividends, provided that, at the beginning of each of the last 5 years of the term of the stock, the amount that is eligible to be counted as permanent capital is reduced by 20 percent of the original amount of the stock (net of redemptions).
12 C.F.R. §615.5201