The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.
"Bank" means a bank as defined in N.J.S.A. 17:9A-1.
"Capital stock association" means a capital stock association as defined in 17:12B-244.
"Capital stock savings bank" means a capital stock savings bank as defined in 17:9A-8.1.
"Classified assets" means assets, or portions thereof, which have a well defined weakness or weaknesses attributable to the unfavorable record of the obligor, insufficiency of security, or other factors noted in the examiners comments.
"Commissioner" means the Commissioner of the New Jersey Department of Banking and Insurance.
"Department" means the New Jersey Department of Banking and Insurance.
"Depository institution" means a bank, savings bank, capital stock savings bank, capital stock association or mutual association.
"Mutual association" means a mutual association as defined in 17:12B-5.
"Qualifying capital" means qualifying capital as defined at 12 CFR Part 324.
"Risk weighted assets" for a bank and savings bank means risk weighted assets as defined at 12 CFR Part 324, and for a savings and loan association, means risk weighted assets as defined at 12 CFR 324.
"Savings bank" means a savings bank as defined in 17:9A-1 (13).
"Tier 1 capital" means Tier 1 capital as defined at 12 CFR Part 324 .
"Total assets" means total assets as defined at 12 CFR Part 324.
N.J. Admin. Code § 3:4-1.2
See: 29 N.J.R. 2589(a), 29 N.J.R. 4099(b).
Added "Commissioner" and "Department".
Amended by R.2002 d.383, effective 11/18/2002.
See: 34 N.J.R. 2173(a), 34 N.J.R. 2549(b), 34 N.J.R. 3957(b).
Rewrote "Bank", "Capital stock association", "Capital stock savings bank", "Mutual association", "Qualifying capital", "Risk weighted assets", "Savings bank", "Tier 1 capital" and "Total assets".
Recodified from N.J.A.C. 3:4-1.1 by R.2008 d.69, effective 4/7/2008.
See: 39 N.J.R. 4983(a), 40 N.J.R. 1826(a).
Former N.J.A.C. 3:4-1.2, Minimum leverage capital requirement, recodified to N.J.A.C. 3:4-1.3.