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Depository Institution

A financial institution, like a bank or credit union, that accepts deposits from the public.

De Novo Insured Depository Institution

A newly created bank or credit union that is insured by the federal government. 'De novo' means 'from the beginning.'

Federal Banking Agencies

Government bodies responsible for overseeing and regulating banks, such as the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).

Capital Requirements

Rules that specify the minimum amount of financial reserves (capital) a bank must hold to protect itself against losses and ensure its stability.

Community Bank Leverage Ratio

A simplified measure of a bank's capital health, calculated by dividing its capital by its total assets. A higher ratio indicates a stronger financial position.

Rural Area

Geographic regions that are not considered urban, based on definitions from the Office of Management and Budget or the Bureau of the Census.

Federal Savings Association

A type of financial institution that primarily offers savings and loan products, often focused on mortgages. It is regulated by the federal government.