Critically undercapitalized definition

Critically undercapitalized means, with respect to a public
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Critically undercapitalized means, with respect to a public depository, "critically undercapitalized" as the term is defined in subsection (b) of section 38 of the "Federal Deposit Insurance Act," Pub.L.81-797 (12 U.S.C. s.1831o(b)), or subsection (c) of section 216 of title II of the "Federal Credit Union Act," Pub.L.73-467 (12 U.S.C. s.1790d(c)), as applicable, and their implementing regulations;
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Critically undercapitalized means the paid‑in capital, retained earnings and undivided profits of the Wyoming financial institution are less than two percent (2%) of the total assets of the financial institution;
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Examples of Critically undercapitalized in a sentence

  • Critically undercapitalized banks must be placed in receivership within 90 days unless some other action would better minimize the long-run losses to the deposit insurance fund.

  • PCA Restrictions for Critically Undercapitalized Banks Critically undercapitalized banks are subject to all the mandatory and discretionary restrictions applicable to undercapitalized and significantly undercapitalized banks.

  • Critically undercapitalized banks may receive discount window advances only during the five-day period that begins on the day it becomes critically undercapitalized.

  • Appointment of Receiver or Conservator Critically undercapitalized banks are required to be placed in receivership or conservatorship within 90 days of becoming critically undercapitalized unless the OCC and FDIC agree that some other action would better achieve the purposes of prompt corrective action.

  • Table 3: Critically undercapitalized category and bank resolutions.

  • Critically undercapitalized banks also face restrictions on paying the principal/interest on subordi- nated debt.6As described above, FDICIA formalized a threshold-based rule that determines the in- cidence of receivership/conservatorship by the primary federal regulator of a critically un- dercapitalized bank.

  • Critically undercapitalized institutions are not eligible for seasonal credit.

  • The Federal Deposit Insurance Company (FDIC) of the U.S categorizes banks according to their risk- base capital ratio, thus: • Well capitalized: 10% or higher• Adequately capitalized: 8% or higher• Undercapitalization: less than 8%• Significantly undercapitalized: less than 6%• Critically undercapitalized: less than 2%The FDIC is usually concerned when the bank is undercapitalized at which point the FDIC issues a warning to the bank.

  • Terms of reference The scope, terms of reference and functioning of the Committee is prescribed under Clause 49 of the Listing Agreement.

  • The energy and other savings over time would recoup the expense of replacing the units.


More Definitions of Critically undercapitalized

Critically undercapitalized means, with respect to a public depository, “critically undercapitalized” as the term is defined in N.J.S.A. 17:9-41.
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Related to Critically undercapitalized

  • Well Capitalized Well Capitalized shall mean, with respect to any Insured Depository Institution, the maintenance by such Insured Depository Institution of capital ratios at or above the required minimum levels for such capital category under the regulations promulgated pursuant to Section 1831(o) of the United States Code, as amended from time to time, by the Appropriate Federal Banking Agency for such institution, as such regulation may be amended from time to time.

  • Technically Evaluated Entity means the company which has been evaluated for the satisfaction of the technical requirement set forth in Clause 2.1.2 hereof;

  • Adequately Capitalized means compliance with the capital standards for bank holding companies as described in the Bank Holding Company Act of 1956, as amended, and regulations promulgated thereunder.

  • Economically disadvantaged means a pupil who has been determined eligible for free or reduced-price meals as determined under the Richard B. Russell national school lunch act, 42 USC 1751 to 1769j; who is in a household receiving supplemental nutrition assistance program or temporary assistance for needy families assistance; or who is homeless, migrant, or in foster care, as reported to the center.

  • Financially Evaluated Entity means the company which has been evaluated for the satisfaction of the financial requirement set forth in Clause 2.1.3 hereof;

  • Small disadvantaged business concern means a small business concern that represents, as part of its offer that—

  • Disabled means a grantee who (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii) is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company or its Subsidiaries.

  • Veteran-owned small business concern means a small business concern—

  • Historically Disadvantaged Individual (HDI) means a South African citizen -

  • Historically Disadvantaged Individual (HDI) - means a South African citizen: