12 CFR § 611.1205 - Definitions that apply in this subpart.

---
identifier: "/us/cfr/t12/s611.1205"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 611.1205 - Definitions that apply in this subpart."
title_number: 12
title_name: "Banks and Banking"
section_number: "611.1205"
section_name: "Definitions that apply in this subpart."
chapter_name: "FARM CREDIT ADMINISTRATION"
subchapter_number: "B"
subchapter_name: "FARM CREDIT SYSTEM"
part_number: "611"
part_name: "ORGANIZATION"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Secs. 1.2, 1.3, 1.4, 1.5, 1.12, 1.13, 2.0, 2.1, 2.2, 2.10, 2.11, 2.12, 3.0, 3.1, 3.2, 3.3, 3.7, 3.8, 3.9, 4.3A, 4.12, 4.12A, 4.15, 4.20, 4.25, 4.26, 4.27, 4.28A, 5.9, 5.17, 5.25, 7.0-7.3, 7.6-7.13, 8.5(e) of the Farm Credit Act (12 U.S.C. 2002, 2011, 2012, 2013, 2020, 2021, 2071, 2072, 2073, 2091, 2092, 2093, 2121, 2122, 2123, 2124, 2128, 2129, 2130, 2154a, 2183, 2184, 2203, 2208, 2211, 2212, 2213, 2214, 2243, 2252, 2261, 2279a-2279a-3, 2279b-2279f-1, 2279aa-5(e)); secs. 411 and 412, Pub. L. 100-233, 101 Stat. 1568, 1638, as amended by secs. 403 and 404, Pub. L. 100-399, 102 Stat. 989, 999 (12 U.S.C. 2071 note and 2202 note)."
regulatory_source: "37 FR 11415, June 7, 1972, unless otherwise noted."
cfr_part: "611"
---


# 611.1205 Definitions that apply in this subpart.

*Assets* means all assets determined in conformity with GAAP, except as otherwise required in this subpart.

*Business days* means days the FCA is open for business.

*Days* means calendar days.

*Equity holders* means holders of stock, participation certificates, or other equities such as allocated equities.

*GAAP* means “generally accepted accounting principles” as that term is defined in § 621.2 of this chapter.

*OFI* means an “other financing institution” that has a funding and discount agreement with a Farm Credit bank under section 1.7(b)(1) of the Act.

*Successor institution* means the bank, savings association, or other financial institution that the terminating bank or association will become when we revoke its Farm Credit charter.

[71 FR 44420, Aug. 4, 2006, as amended at 85 FR 52253, Aug. 25, 2020]