### Question
What is the definition of aggregate amount of covered transactions?


### Answer
The definition of **aggregate amount of covered transactions** is as follows in *12 U.S.C. § 371c*:

> the amount of the covered transactions about to be engaged in added to the current amount of all outstanding covered transactions

#### Citation:
  - *12 U.S.C. § 371c*
  - Heading: **CHAPTER 3-FEDERAL RESERVE SYSTEM > SUBCHAPTER X-POWERS AND DUTIES OF MEMBER BANKS**

