StacksVerified U.S. regulatory reference

12 CFR §615.5045

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)Cost means the actual amount paid for any asset.
  2. (b)Market value means the price at which a willing seller would sell to a willing buyer, neither under any compulsion to buy or sell.
  3. (c)Unpaid balance means total principal and accrued interest owed.
  4. (d)Secured interbank loan means a loan from one Farm Credit System bank to another Farm Credit System bank, secured by assets of the borrowing Farm Credit System bank.