undivided earnings

1477 results for undivided earnings

vLex Rating
  • Unused Capital

    Mounting reserves at some credit unions raise questions about the management of their capital and retained earnings. Investors in publicly held institutions typically demand a reasonable rate of return on their capital. Banks that accumulate more capital than they can use typically dividend that money back to shareholders. Credit unions, of course, do not have shareholders. They are owned by...

  • 12 CFR 702.403 - Payment of dividends.

    ...(a) Restriction on dividends. Dividends shall be available only from undivided earnings, if any. (b) Payment of dividends if undivided earnings depleted. The board of directors ...

  • 12 CFR 702.401 - Reserves.

    ... and maintain a regular reserve account for the purpose of absorbing losses that exceed undivided earnings and other appropriations of undivided earnings, subject to paragraph (c) of this section. ...

  • 12 CFR 701.36 - Federal credit union ownership of fixed assets.

    ...Retained earnings means undivided earnings, regular reserve, reserve for contingencies, supplemental reserves, ...

  • 12 CFR 723.21 - Definitions.

    ...Net worth means the retained earnings balance of the credit union at quarter end as determined under generally accepted accounting ples. Retained earnings consists of undivided earnings, regular reserves, and any other appropriations designated by management or regulatory ...

  • Prompt Corrective Action-Risk-Based Capital

    The NCUA Board (Board) is proposing to amend NCUA's regulations regarding prompt corrective action (PCA) to restructure the part, and make various revisions, including replacing the agency's current risk-based net worth requirements with new risk-based capital requirements for federally insured ``natural person'' credit unions. The proposed risk-based capital requirements would be more consistent ...

  • 12 CFR 741.3 - Criteria.

    ... and market value, the board of directors may authorize the transfer of the excess to Undivided Earnings. (b) Financial condition and policies. The following factors are to be considered in ...

  • 12 CFR 715.2 - Definitions used in this part.

    ... of financial condition; statement of income or statement of operations; statement of undivided earnings; statement of cash flows; statement of changes in members' equity; statement of revenue ...

  • 12 CFR 700.2 - Definitions.

    ...Paid-in and unimpaired capital and surplus means shares plus post-closing, undivided earnings. This does not include regular reserves or special reserves required by law, regulation or ...

  • 12 CFR 704.2 - Definitions.

    ..., deduct any amount of perpetual contributed capital (PCC) that causes PCC minus retained earnings, all divided by moving daily net average assets, to exceed two percent; and. (5) Beginning after ... of financial condition; statement of income or statement of operations; statement of undivided earnings; statement of cash flows; statement of changes in members' equity; statement of revenue ...

  • 12 CFR 702.2 - Definitions.

    ...1783. (f) Net Worth means (1) The retained earnings balance of the credit union at quarter-end as determined under generally accepted accounting ples, subject to paragraph (f)(3) of this section. Retained earnings consists of undivided earnings, regular reserves, and any other appropriations designated by management or regulatory ...

  • 12 CFR 702.201 - Prompt corrective action for “adequately capitalized” credit unions.

    ... 702.201 - Prompt corrective action for ?adequately capitalized? credit unions. (a) Earnings retention. Beginning the effective date of classification as ?adequately capitalized? or lower, a ....1%) of its total assets, and must quarterly transfer that amount (or more by choice) from undivided earnings to its regular reserve account until it is ?well capitalized.?. (b) Decrease in retention. ...

  • 12 CFR 725.2 - Definitions.

    ...) Paid-in and unimpaired capital and surplus means shares and deposits plus post-closing, undivided earnings. This does not include regular reserves or special reserves required by law, regulation or ...

  • 12 CFR 741.2 - Maximum borrowing authority.

    ... in excess of 50 per centum of its paid-in and unimpaired capital and surplus (shares and undivided earnings, plus net income or minus net loss). (b) A federally insured state-chartered credit union ...

  • 12 CFR 702.303 - Prompt corrective action for “adequately capitalized” new credit unions.

    ... of such a plan, in accordance with ? 702.201, and quarterly transfer that amount from undivided earnings to its regular reserve account, until it is ?well capitalized.?. [67 FR 71092, Nov. 29, ...

  • Federal Credit Union Ownership of Fixed Assets

    The NCUA Board (Board) is amending its regulation governing federal credit union (FCU) ownership of fixed assets to help FCUs better understand and comply with its requirements. The final rule does not make any substantive changes to those regulatory requirements. Rather, the amendments only clarify the regulation by improving its organization, structure, and ease of use.

  • 12 CFR 702.304 - Prompt corrective action for “moderately capitalized,” “marginally capitalized” or “minimally capitalized” new credit unions.

    ...(1) Earnings retention. Increase the dollar amount of its net worth by the amount reflected in its approved ial or revised business plan and quarterly transfer that amount from undivided earnings to its regular reserve account;. (2) Submit revised business plan. Submit a revised ...

  • Des Moines Nat. Bank v. Fairweather, 263 U.S. 103 (1923)

    ...The aggregate of the bank's capital, surplus and undivided earnings, was taken as the value of the shares, and from this the amount actually invested in real ...

  • 12 CFR 5.64 - Earnings limitation under 12 U.S.C. 60.

    ...The term ?current year minus four? means the year that is four years prior to the current year. (b) Dividends from undivided profits. Subject to 12 U.S.C. 56 and this subpart, the directors of a national bank may declare and pay dividends of so much of the undivided profits as they judge to be expedient. (c) Earnings ...

  • Home Savings Bank v. Des Moines, 205 U.S. 503 (1907)

    ... for taxation the assessor is required to 'take into account the capital, surplus, and undivided earnings,' must be furnished with 'a verified statement of all matters provided by the preceding ...

  • 12 CFR 933.2 - Contents of plan.

    ...The capital plan shall provide that the owners of the Class B stock own the retained earnings, surplus, undivided profits, and equity reserves of the Bank, but shall have no right to receive ...

  • Edwards v. Douglas, 269 U.S. 204 (1925)

    ... tax years, shall be deemed to have been made from the most recently accumulated undivided profits or surplus, and shall constitute a part of the annual income of the distributee for the ...but nothing herein shall be construed as taxing any earnings or profits accrued prior to March first, nineteen hundred and thirteen . ..' . James Douglas ...

  • First Nat. Bank v. City Council of Estherville, 215 U.S. 341 (1910)

    ... on the basis of the book or assessed value, obtained by adding the capital, surplus, and undivided profits of the bank, and dividing the sum total by the number of shares of capital stock, to ... shall also show, separately, the amount of capital stock, and the surplus and undivided earnings, and the assessor, from such statement and other information he can obtain, including any statement ...

  • Federal Credit Union Ownership of Fixed Assets

    The NCUA Board (Board) proposes to amend its regulation governing federal credit union (FCU) ownership of fixed assets to help FCUs understand and comply with its requirements. The proposed amendments do not make any substantive changes to those regulatory requirements. Rather, the amendments only clarify the regulation by improving its organization, structure, and ease of use.

  • Blake v. National Banks, 90 U.S. 307, 23 Wall. 307 (1874)

    ... or additions by the corporations to the surplus, contingent or other fund of undistributed earnings, or by the interest payable on bonds, &c., of corporations, the matter was regulated by the 120th, ... the same shall be payable, and to whatsoever person the same may be due; and on all undivided profits of any such corporation, which have accrued and been earned and added to any surplus, ...