### Question
How does POWERS AND DUTIES OF MEMBER BANKS define aggregate amount of covered transactions?


### Answer
Under *12 U.S.C. § 371c*, **aggregate amount of covered transactions** is defined as:

> 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 2-NATIONAL BANKS > SUBCHAPTER X-POWERS AND DUTIES OF MEMBER BANKS**

