12 C.F.R. § 951.2   Required annual AHP contributions.


Title 12 - Banks and Banking


Title 12: Banks and Banking
PART 951—AFFORDABLE HOUSING PROGRAM

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§ 951.2   Required annual AHP contributions.

Each Bank shall contribute annually to its Program the greater of:

(a) 10 percent of the Bank's net earnings for the previous year; or

(b) That Bank's pro rata share of an aggregate of $100 million to be contributed in total by the Banks, such proration being made on the basis of the net earnings of the Banks for the previous year.

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