101 STAT. 598
PUBLIC LAW 100-86—AUG. 10, 1987 mary reserve established by the Corporation pursuant to section 404(a). "(E) No DIVIDENDS.—The Corporation shall pay no dividends on any capital certificates or stock issued under this paragraph.
12 USC 1727.
"(2) EQUITY RETURN ACCOUNT.—
"(A) IN GENERAL.—The Corporation shall establish and maintain (until all capital stock issued under subparagraph (A)(ii) of paragraph (1) has been paid off and retired) an equity return account— "(i) which shall consist only of amounts contributed in accordance with the requirements of subparagraph t^--— (B); "(ii) which shall not be treated as reserves of the " Corporation; and "(iii) the earnings accruing in which shall be transferred in the manner provided in subparagraph (D). "(B) CONTRIBUTIONS TO ACCOUNT.— "(i) No CONTRIBUTION IF RESERVES-TO-ACCOUNTS RATIO
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IS LESS THAN 0.5 PERCENT.—No Contribution shall be made to the equity reserve account established pursuant to subparagraph (A) in any year in which the reserves-to-accounts ratio is less than 0.5 percent. "(ii)
ANNUAL CONTRIBUTIONS REQUIRED.—Except
as
provided in clause (i), the Corporation shall make contributions to the equity reserve account established pursuant to subparagraph (A)— "(I) at the end of each year beginning after 1996 . - ,,«., through the final payoff year (as defined in clause ' -• >:\ (vii)); and "(II) in amounts determined under clauses (iii), (iv), (v), and (vi) of this subparagraph, "(iii) AMOUNT OF PRIMARY CONTRIBUTION.—The pri.,. mary contribution to the equity return account for any year for which a contribution is required to be made shall be the amount determined by dividing— ' "' "(I) the aggregate amount of capital stock issued by the Corporation and purchased by the Financing Corporation under paragraph (1)(A); by •>••••'.•• "(II) the number of years between the first year beginning after 1996 in which the reserves-toaccounts ratio is equal to or greater than 0.5 percent and the final payoff year (taking into account the first and last year described). "(iv) AMOUNT OF ADDITIONAL CONTRIBUTION ALLOWED IF RESERVES-TO-ACCOUNTS RATIO DOES NOT EXCEED 1.25
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PERCENT.—In any year in which the reserves-to-accounts ratio is equal to or greater than 1 percent but less than 1.25 percent, the Federal Home Loan Bank Board may require the Corporation to make an additional contribution of an amount not to exceed the amount determined by dividing— "(I) the investment return amount (as defined in clause (viii)) computed at an annual compound rate not to exceed 6 percent; by "(II) the number of years between the first year beginning after 1996 in which the reserves-to-
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