Common use of Release of Restricted Retained Earnings Clause in Contracts

Release of Restricted Retained Earnings. If an FHLBank’s RREM decreases from time to time due to fluctuations in such FHLBank’s Total Consolidated Obligations, amounts in such FHLBank’s Restricted Retained Earnings account in excess of 150 percent of the FHLBank’s RREM may be released by such FHLBank from the restrictions otherwise imposed on such amounts pursuant to the provisions of this Agreement and the Capital Plan, and reallocated to its general Retained Earnings account.

Appears in 8 contracts

Samples: Joint Capital Enhancement Agreement, Joint Capital Enhancement Agreement (Federal Home Loan Bank of Topeka), Joint Capital Enhancement Agreement (Federal Home Loan Bank of Cincinnati)

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Release of Restricted Retained Earnings. If an FHLBank’s 's RREM decreases from time to time due to fluctuations in such FHLBank’s 's Total Consolidated Obligations, amounts in such FHLBank’s 's Restricted Retained Earnings account in excess of 150 percent of the FHLBank’s 's RREM may be released by such FHLBank from the restrictions otherwise imposed on such amounts pursuant to the provisions of this Agreement and the Capital Plan, and reallocated to its general Retained Earnings account.

Appears in 4 contracts

Samples: Joint Capital Enhancement Agreement (Federal Home Loan Bank of Des Moines), Joint Capital Enhancement Agreement (Federal Home Loan Bank of San Francisco), Joint Capital Enhancement Agreement (Federal Home Loan Bank of Indianapolis)

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