{"data":{"id":"us/12-cfr-1237.12","jurisdiction":"us","citation":"12 CFR 1237.12","heading":"Capital distributions while in conservatorship.","body":"(a) Except as provided in paragraph (b) of this section, a regulated entity shall make no capital distribution while in conservatorship.\n(b) The Director may authorize, or may delegate the authority to authorize, a capital distribution that would otherwise be prohibited by paragraph (a) of this section if he or she determines that such capital distribution:\n(1) Will enhance the ability of the regulated entity to meet the risk-based capital level and the minimum capital level for the regulated entity;\n(2) Will contribute to the long-term financial safety and soundness of the regulated entity;\n(3) Is otherwise in the interest of the regulated entity; or\n(4) Is otherwise in the public interest.\n(c) This section is intended to supplement and shall not replace or affect any other restriction on capital distributions imposed by statute or regulation.","path":["Title 12—Banks and Banking","CHAPTER XII—FEDERAL HOUSING FINANCE AGENCY","SUBCHAPTER B—ENTITY REGULATIONS","PART 1237—CONSERVATORSHIP AND RECEIVERSHIP","Subpart D—Other"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"f8b6bf618b2ee7fa0bba909d1d760681ae21ba4ba916e63e57992db82c50a414","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-1237.11","next":"us/12-cfr-1237.13"},"notice":"GroundRules: Original legal text. Not legal advice."}