(a) Lending and leasing limit base. An institution's lending and leasing limit base is composed of the total capital (tier 1 and tier 2) of the institution, as defined in § 628.2 of this chapter, with adjustments applicable to the institution provided for in § 628.22 of this chapter, and with the following further adjustments:
(1) [Reserved]
(2) Eligible third-party capital that is required to be excluded from total capital under § 628.23 of this chapter may be included in the lending limit base.
(b) Timing of calculation. The lending limit base will be calculated on a monthly basis as of the preceding month end.
[58 FR 40321, July 28, 1993, as amended at 59 FR 37403, July 22, 1994; 64 FR 34517, June 28, 1999; 70 FR 35348, June 17, 2005; 70 FR 53907, Sept. 13, 2005; 81 FR 49772, July 28, 2016; 86 FR 54356, Oct. 1, 2021]
authority: Secs. 1.3, 1.5, 1.6, 1.7, 1.9, 1.10, 1.11, 2.0, 2.2, 2.3, 2.4, 2.10, 2.12, 2.13, 2.15, 3.0, 3.1, 3.3, 3.7, 3.8, 3.10, 3.20, 3.28, 4.12, 4.12A, 4.13B, 4.14, 4.14A, 4.14D, 4.14E, 4.18, 4.18A, 4.19, 4.25, 4.26, 4.27, 4.28, 4.36, 4.37, 5.9, 5.10, 5.17, 7.0, 7.2, 7.6, 7.8, 7.12, 7.13, 8.0, 8.5 of the Farm Credit Act (
12 U.S.C. 2011,
2013,
2014,
2015,
2017,
2018,
2019,
2071,
2073,
2074,
2075,
2091,
2093,
2094,
2097,
2121,
2122,
2124,
2128,
2129,
2131,
2141,
2149,
2183,
2184,
2201,
2202,
2202a,
2202d,
2202e,
2206,
2206a,
2207,
2211,
2212,
2213,
2214,
2219a,
2219b,
2243,
2244,
2252,
2279a,
2279a-2,
2279b,
2279c,
2279f,
2279f-1,
2279aa,
2279aa-5);
12 U.S.C. 2121 note;
42 U.S.C. 4012a,
4104a,
4104b,
4106,
and
cite as: 12 CFR 614.4351