§ 5.61 Definitions.

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Title 12 CFR: Banks and Banking › Chapter I: COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY › Part 5: RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES › Subpart E: Payment of Dividends by National Banks › § 5.61: § 5.61 Definitions.

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

For the purposes of subpart E, the following definitions apply:

(a)

Capital stock, capital surplus,

and

permanent capital

have the same meaning as set forth in § 5.46.

(b)

Retained net income

means the net income of a specified period less the total amount of all dividends declared in that period.

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