### Question
Can you define what undivided profits means?


### Answer
**Undivided profits** is defined as the following in *12 U.S.C. § 1441*:

> retained earnings minus the sum of—


(A) that portion required to be added to reserves maintained pursuant to the first two sentences of section 1436 of this title

#### Citation:
  - *12 U.S.C. § 1441*
  - Heading: **CHAPTER 11-FEDERAL HOME LOAN BANKS**

