12 CFR §34.81

Debts previously contracted (DPC) real estate means real estate (including leases) acquired by a national bank or Federal savings association through any means in full or partial satisfaction of a debt previously contracted. Former banking premises means real estate permissible under § 7.1000(a)(1) of this chapter that is no longer used or contemplated to be used for the purposes permitted under that section. Market value means the value determined in accordance with subpart C of this part. Other real estate owned (OREO) means: Recorded investment amount means:

(1) DPC real estate; and

(2) Former banking premises. (1) For loans, the recorded loan balance, as determined by generally accepted accounting principles; and (2) For former banking premises, the net book value.