Retained Earnings definition

Retained Earnings means the retained earnings of an FHLBank calculated pursuant to GAAP.

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Retained Earnings means profits and losses brought forward as a result of the final application of profit or loss under the applicable accounting framework;

Retained Earnings means the accumulated net income of the utility less distributions to stockholders and transfers to other capital accounts, and other adjustments.

Examples of Retained Earnings in a sentence

• In the event of a merger of FHLBanks, a sale of the assets and assumption of the liabilities of an FHLBank, a reorganization or other consolidation of two or more FHLBanks (“Merger”), the proposed treatment of, and the pro forma amount of, the Restricted Retained Earnings account of the surviving FHLBank(s) shall be set forth in the publicly available portion of the application to the FHFA regarding such Merger, and provided to the parties of this Agreement that are not involved in such transaction.

• Notwithstanding the other provisions of this Agreement, in the event of a Merger, the surviving FHLBank’s RREM shall be lowered permanently by all, or a portion of, the amount, prior to the Merger, of the Restricted Retained Earnings of the acquired FHLBank (which was deemed the acquired FHLBank for purposes of GAAP) to the extent, and in the amount, permitted by the FHFA’s approval of a Capital Plan amendment effective upon the consummation of such Merger.

• Except as set forth on Schedule 6.6, such Balance Sheets as of December 31, 1997 present fairly the financial position of VPI as of such date, and such Statements of Income, Cash Flows and Retained Earnings present fairly the results of operations for the period indicated.

• Attached hereto as Schedule 6.6 are copies of the following financial statements (the "VPI Financial Statements") of VPI, which reflect the results of its operations from inception: VPI's audited Balance Sheet as of December 31, 1997 and Statements of Income, Cash Flows and Retained Earnings for the period from inception through December 31, 1997.

• 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.

More Definitions of Retained Earnings

Retained Earnings means the sums including but not limited to the Legal Reserves, Special Reserves, and unappropriated earnings;

Retained Earnings means any moneys or earned estimates withheld from a designer pursuant to the terms of a public works contract.

Retained Earnings means that part of the net earnings retained by an enterprise

Retained Earnings means that part of the net earnings retained by an enterprise or internal service fund which is not segregated or reserved for any specific purpose.

Retained Earnings means an account reflecting the accumulated earnings of a Coverage Program after payment of all losses, expenses and obligations of that Coverage Program.

Retained Earnings as used herein, shall mean an equity account reflecting the accumulated earnings of a Joint Protection Program.

Retained Earnings means the retained earnings of the Bank calculated pursuant to GAAP.