New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter III - SUPERINTENDENT'S REGULATIONS
Subchapter A - BANKING ORGANIZATIONS
Part 324 - Reports To Directors And Trustees
Section 324.2 - Definitions

(a) The term capital funds shall mean the total of the combined capital stock (including capital notes and debentures authorized under section 27.1 of this Title), surplus fund and undivided profits (as defined by Supervisory Procedure CB 120) of a bank, trust company or stock-form savings bank. In the case of a mutual savings bank the term capital funds shall mean the net worth (as defined in sections 234.5 -b and 244.4 of the Banking Law).

(b) The term loan shall include all discounts, loans or other advances and such other extensions of credit, including certain letters of credit, as are considered to be loans for the purpose of section 103(1) of the Banking Law.

(c) The term obligations of the U.S. Government shall mean all securities issued by or unconditionally guaranteed in full as to principal and interest by the U.S. Government or any agency of the U.S. Government.

(d) The term classified loans shall mean all loans adversely classified in the most recent State or Federal report of examination, including those loans classified under the Statistical Sampling and Shared National Credit programs, and all loans adversely classified at the most recent Directors' Examination conducted pursuant to sections 122 and 123 or 254 of the Banking Law.

(e) The term Federal funds shall have the same meaning as given in section 103(1)(h) of the Banking Law.

(f) The term broker/dealer shall have the same meaning as that contained in section 224.5(C) of Federal Reserve Board Regulation X.

(g) The terms director, directors and board of directors shall, in the case of mutual savings banks, refer to trustees and boards of trustees thereof.