(a) This subpart prescribes the minimum regulatory capital requirements for State savings associations. The subpart applies to State savings associations, except as described in paragraph (b) of this section.
(b)(1) A State savings association that uses appendix A must comply with the minimum qualifying criteria for internal risk measurement and management processes for calculating risk-based capital requirements, utilize the methodologies for calculating risk-based capital requirements, and make the required disclosures described in that appendix.
(1) A State savings association that uses appendix A must comply with the minimum qualifying criteria for internal risk measurement and management processes for calculating risk-based capital requirements, utilize the methodologies for calculating risk-based capital requirements, and make the required disclosures described in that appendix.
(2) Sections 390.461 through 390.471 do not apply to the computation of risk-based capital requirements by a State savings association that uses appendix A of this subpart. However, these State savings associations:
(i) Must compute the components of capital under Sec. 390.465, subject to the modifications in sections 11 and 12 of appendix A of this subpart.
(ii) Must meet the leverage ratio requirement at Sec. Sec. 390.462(a)(2) and 390.467 with tier 1 capital, as computed under sections 11 and 12 of appendix A of this subpart.
(iii) Must meet the tangible capital requirement described at Sec. Sec. 390.462(a)(3) and 390.468.
(iv) Are subject to Sec. Sec. 390.463 (individual minimum capital requirement), 390.464 (capital directives); and 390.469 (consequences of failure to meet capital requirements).
(v) Are subject to the reservations of authority atSec. 390.470, which supplement the reservations of authority at section 1 of appendix A of this subpart.