{"identifier":"/us/usc/t12/s2279bb","title":12,"num":"\u00a7\u202f2279bb.","heading":"Definitions","text":"\u00a7\u202f2279bb.\nDefinitions\nFor purposes of this part:\n(1)\nCompensation\nThe term \u201ccompensation\u201d means any payment of money or the provision of any other thing of current or potential value in connection with employment.\n(2)\nCore capital\nThe term \u201ccore capital\u201d means, with respect to the Corporation, the sum of the following (as determined in accordance with generally accepted accounting principles):\n(A) The par value of outstanding common stock.\n(B) The par value of outstanding preferred stock.\n(C) Paid-in capital.\n(D) Retained earnings.\n(3)\nDirector\nThe term \u201cDirector\u201d means the Director of the Office of Secondary Market Oversight of the Farm Credit Administration, selected under\nsection 2279aa\u201311(a)(3) of this title\n(4)\nOffice\nThe term \u201cOffice\u201d means the Office of Secondary Market Oversight of the Farm Credit Administration, established in\nsection 2279aa\u201311(a) of this title\n(5)\nRegulatory capital\nThe term \u201cregulatory capital\u201d means, with respect to the Corporation, the core capital of the Corporation plus an allowance for losses and guarantee claims, as determined in accordance with generally accepted accounting principles.\n(6)\nState\nThe term \u201cState\u201d means the States of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, Guam, the Virgin Islands, American Samoa, the Trust Territory of the Pacific Islands, and any other territory or possession of the United States.","url":"https://projectusc.org/usc/t12/s2279bb.html","content":[{"t":"sec","id":"/us/usc/t12/s2279bb","children":[{"t":"num","text":"\u00a7\u202f2279bb."},{"t":"heading","text":"Definitions","tail":"\n"},{"t":"chapeau","text":"For purposes of this part:"},{"t":"para","id":"/us/usc/t12/s2279bb/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"Compensation"},{"t":"content","children":[{"t":"p","text":"The term \u201ccompensation\u201d means any payment of money or the provision of any other thing of current or potential value in connection with employment.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s2279bb/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Core capital"},{"t":"chapeau","text":"The term \u201ccore capital\u201d means, with respect to the Corporation, the sum of the following (as determined in accordance with generally accepted accounting principles):"},{"t":"subpara","id":"/us/usc/t12/s2279bb/2/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" The par value of outstanding common stock.","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t12/s2279bb/2/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" The par value of outstanding preferred stock.","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t12/s2279bb/2/C","children":[{"t":"num","text":"(C)"},{"t":"content","text":" Paid-in capital.","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t12/s2279bb/2/D","children":[{"t":"num","text":"(D)"},{"t":"content","text":" Retained earnings.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s2279bb/3","children":[{"t":"num","text":"(3)"},{"t":"heading","text":"Director"},{"t":"content","children":[{"t":"p","text":"The term \u201cDirector\u201d means the Director of the Office of Secondary Market Oversight of the Farm Credit Administration, selected under ","children":[{"t":"ref","text":"section 2279aa\u201311(a)(3) of this title","href":"/us/usc/t12/s2279aa\u201311/a/3","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s2279bb/4","children":[{"t":"num","text":"(4)"},{"t":"heading","text":"Office"},{"t":"content","children":[{"t":"p","text":"The term \u201cOffice\u201d means the Office of Secondary Market Oversight of the Farm Credit Administration, established in ","children":[{"t":"ref","text":"section 2279aa\u201311(a) of this title","href":"/us/usc/t12/s2279aa\u201311/a","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s2279bb/5","children":[{"t":"num","text":"(5)"},{"t":"heading","text":"Regulatory capital"},{"t":"content","children":[{"t":"p","text":"The term \u201cregulatory capital\u201d means, with respect to the Corporation, the core capital of the Corporation plus an allowance for losses and guarantee claims, as determined in accordance with generally accepted accounting principles.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s2279bb/6","children":[{"t":"num","text":"(6)"},{"t":"heading","text":"State"},{"t":"content","children":[{"t":"p","text":"The term \u201cState\u201d means the States of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, Guam, the Virgin Islands, American Samoa, the Trust Territory of the Pacific Islands, and any other territory or possession of the United States.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}