PUBLIC LAW 102-552—OCT. 28, 1992 106 STAT. 4113

Assistance Corporation against the estate of any bank
undergoing liquidation.

"(ii) NO ANTICIPATORY REDUCTIONS IN OTHER
OBLIGATIONS.—The obligations of other banks shall not
be reduced in anticipation of any recoveries under this
subparagraph from banks leaving the System or in
liquidation.

"(til) REFUND OF RECOVERIES.—The Financial
Assistance Corporation shall apply the recoveries,
when received, and all earnings on the recoveries, to
reduce the other banks' payment obligations, or, to
the extent the recoveries are received after the other
banks have met their entire payment obligation, shall
refund the recoveries, when received, to the other
banks in proportion to the other banks' payments.
"(F) ASSOCIATIONS TERMINATING SYSTEM STATUS OR IN
LIQUIDATION.—Any association terminating System status
pursuant to section 7.10 shall be required, under regula-
tions of the Farm Credit Administration, to pay to its
supervising bank a share, based on the association's retail
loan volume relative to the retail loan volume of the bank
and its affiliated associations had the association remained
in the System, of the estimated present value of all future
such assessments against the bank. A liability to the bank
in this amount (calculated as if the association had left
the System on the date it was placed in liquidation) shall
be recognized as a claim in favor of the bank against
the estate of any association undergoing liquidation.
"(G) CAPITAL REQUIREMENTS.—

"(i) IN GENERAL.—Until the date that is 5 years
prior to the date on which the Financial Assistance
Corporation is required to repay the Secretary of the
Treasury pursuant to subparagraph (A), all assess-
ments paid by banks to the Financial Assistance Cor-
poration pursuant to subparagraph (B), and any part
of the obligation to pay future assessments to the
Financial Assistance Corporation under subparagraph
(B) that is recognized as an expense on the books
of any System bank or association, shall nonetheless
be included in the capital of the bank or association
for purposes of determining its compliance with regu-
latory capital requirements.

"(ii) DURING THE FINAL 5 YEARS PRIOR TO REPAY-
MENT.—During the—

"(I) period beginning 5 years, and ending 4
years, prior to the date on which the Financial
Assistance Corporation is required to repay the
Secretary of the Treasury pursuant to subpara-
graph (A), 60 percent;

"(II) period beginning 4 years, and ending 3
years, pnor to the date on which the Financial
Assistance Corporation is required to repay the
Secretary of the Treasury pursuant to subpara-
graph (A), 30 percent; and

"(III) period beginning 3 years prior to the
date on which the Financial Assistance Corpora-