Code of Federal Regulations (alpha)

CFR /  Title 12  /  Part 390  /  Sec. 390.462 Minimum regulatory capital requirement.

(a) To meet its regulatory capital requirement a State savings association must satisfy each of the following capital standards:

(1) Risk-based capital requirement. (i) A State savings association's minimum risk-based capital requirement shall be an amount equal to 8% of its risk-weighted assets as measured under Sec. 390.466.

(i) A State savings association's minimum risk-based capital requirement shall be an amount equal to 8% of its risk-weighted assets as measured under Sec. 390.466.

(ii) A State savings association may not use supplementary capital to satisfy this requirement in an amount greater than 100% of its core capital as defined in Sec. 390.465.

(2) Leverage ratio requirement. (i) A State savings association's minimum leverage ratio requirement shall be the amount set forth in Sec. 390.467.

(i) A State savings association's minimum leverage ratio requirement shall be the amount set forth in Sec. 390.467.

(ii) A State savings association must satisfy this requirement with core capital as defined in Sec. 390.465(a).

(3) Tangible capital requirement. (i) A State savings association's minimum tangible capital requirement shall be the amount set forth in Sec. 390.468.

(i) A State savings association's minimum tangible capital requirement shall be the amount set forth in Sec. 390.468.

(ii) A State savings association must satisfy this requirement with tangible capital as defined in Sec. 390.468 in an amount not less than 1.5% of its adjusted total assets.

(b) [Reserved]

(c) State savings associations are expected to maintain compliance with all of these standards at all times.