### Question
Can you define what eligible borrower stock means?


### Answer
**Eligible borrower stock** is defined as the following in *12 U.S.C. § 2162*:

> borrower stock that—


(A) is outstanding on January 6, 1988

#### Citation:
  - *12 U.S.C. § 2162*
  - Heading: **CHAPTER 22-TYING ARRANGEMENTS > SUBCHAPTER IV-PROVISIONS APPLICABLE TO TWO OR MORE CLASSES OF INSTITUTIONS OF THE SYSTEM > Part A-Funding**

