For purposes of this subchapter, the critical capital level for each enterprise shall be the sum of-
For purposes of this subchapter, the critical capital level for each Federal Home Loan Bank shall be such amount of capital as the Director shall, by regulation, require.
In establishing the critical capital level under paragraph (1) for the Federal Home Loan Banks, the Director shall take due consideration of the critical capital level established under subsection (a) for the enterprises, with such modifications as the Director determines to be appropriate to reflect the difference in operations between the banks and the enterprises.
12 U.S.C. § 4613
EDITORIAL NOTES
AMENDMENTS2008- Pub. L. 110-289 designated existing provisions as subsec. (a), inserted heading, and added subsec. (b).
STATUTORY NOTES AND RELATED SUBSIDIARIES
REGULATIONS Pub. L. 110-289, div. A, title I, §1141(b), July 30, 2008, 122 Stat. 2730, provided that: "Not later than the expiration of the 180-day period beginning on the date of enactment of this Act [July 30, 2008], the Director of the Federal Housing Finance Agency shall issue regulations pursuant to section 1363(b) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 [ 12 U.S.C. 4613(b) ] (as added by this section) establishing the critical capital level under such section."
- Agency
- The term "Agency" means the Federal Housing Finance Agency established under section 4511 of this title.
- Director
- The term "Director" means the Director of the Bureau.
- credit
- The term "credit" means the right granted by a person to a consumer to defer payment of a debt, incur debt and defer its payment, or purchase property or services and defer payment for such purchase.
- enterprise
- The term "enterprise" means-(A) the Federal National Mortgage Association and any affiliate thereof; and(B) the Federal Home Loan Mortgage Corporation and any affiliate thereof.