{"data":{"id":"us/12-cfr-1510.2","jurisdiction":"us","citation":"12 CFR 1510.2","heading":"Definitions.","body":"The following definitions apply to terms used in this part unless the context requires otherwise:\nAct means the Federal Home Loan Bank Act (12 U.S.C. 1421 et seq.).\nAdministrative expenses means costs incurred as necessary to carry out the functions of the Funding Corporation, including custodian fees, but does not include any interest on obligations.\nBank means a Federal Home Loan Bank established under the authority of the Act.\nCustodian fee means any fee incurred by the Funding Corporation in connection with the transfer of any security to, or the maintenance of any security in, the Funding Corporation Principal Fund and any other expense incurred in connection with the establishment or maintenance of the Funding Corporation Principal Fund.\nDirectorate means the Directorate of the Funding Corporation established pursuant to section 21B(c) of the Act (12 U.S.C. 1421b(c)).\nFDIC means the Federal Deposit Insurance Corporation established pursuant to section 1 of the Federal Deposit Insurance Act (12 U.S.C. 1811, et seq.).\nFinance Board means the Federal Housing Finance Board established pursuant to section 2A(a)(1) of the Act.\nFSLIC Resolution Fund means the Federal Savings and Loan Insurance Corporation Resolution Fund established pursuant to section 11A(a)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1811, et seq.).\nFunding Corporation means the Resolution Funding Corporation established pursuant to section 21B(b) of the Act.\nFunding Corporation Principal Fund means the separate account established under section 21B(g)(2) of the Act.\nInterest payment due date means the date on which the next quarterly interest payments on obligations are due.\nNet earnings means net earnings after deducting expenses relating to section 10(j) of the Act (Affordable Housing Program) and operating expenses, but without reduction for chargeoffs and payments to fund interest payments on obligations.\nObligations means bonds issued by the Funding Corporation under section 21B(f) of the Act.\nRTC means the Resolution Trust Corporation established pursuant to section 21A(b)(1)(A) of the Act and which terminated on December 31, 1995, pursuant to section 21A(m) of the Act.\nSecretary means the Secretary of the Treasury or the designee of the Secretary of the Treasury.","path":["Title 12—Banks and Banking","CHAPTER XV—DEPARTMENT OF THE TREASURY","SUBCHAPTER B—RESOLUTION FUNDING CORPORATION","PART 1510—RESOLUTION FUNDING CORPORATION OPERATIONS"],"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":"753abfd80b856f49bae3b24e79f6200ec773afa253d7078a26993e840c86639f","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-1510.1","next":"us/12-cfr-1510.3"},"notice":"GroundRules: Original legal text. Not legal advice."}