Other FHLBank Stock definition

Other FHLBank Stock means stock issued by an FHLBank prior to the adoption and implementation of a Capital Plan.
Other FHLBank Stock means stock issued by an FHLBank prior to the adoption and implementation of a Capital Plan. "Quarterly Net Income" means the amount of net income of an FHLBank for the most recent calendar quarter calculated in accordance with GAAP, after deducting the required contribution for the Affordable Housing Program under Section 10(j) of the Act, as reported in that FHLBank's quarterly and annual financial statements filed with the Securities and Exchange Commission.

Examples of Other FHLBank Stock in a sentence

  • During a Dividend Restriction Period, an FHLBank may pay Dividends on Class A Stock, Class B Stock, or Other FHLBank Stock only out of: (i) Retained Earnings that are not Restricted Retained Earnings, as required by this Agreement; or (ii) that portion of Quarterly Net Income not allocated to Restricted Retained Earnings pursuant to the terms of this Agreement and its amended Capital Plan, if applicable.

Related to Other FHLBank Stock