12 CFR § 192.455 - Initial balance of liquidation account.

---
identifier: "/us/cfr/t12/s192.455"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 192.455 - Initial balance of liquidation account."
title_number: 12
title_name: "Banks and Banking"
section_number: "192.455"
section_name: "Initial balance of liquidation account."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "192"
part_name: "CONVERSIONS FROM MUTUAL TO STOCK FORM"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1462a, 1463, 1464, 1467a, 2901  5412(b)(2)(B); 15 U.S.C. 78c, 78, 78m, 78n, 78w."
regulatory_source: "85 FR 42643, July 14, 2020, unless otherwise noted."
cfr_part: "192"
---


# 192.455 Initial balance of liquidation account.

The initial balance of the liquidation account is the savings association's net worth in the statement of financial condition included in the final offering circular.