### Question
How is the "available collateral" defined?


### Answer
The term **available collateral** is defined in *12 U.S.C. § 2155* as follows -

> the amount (determined at the close of the last calendar quarter ending before such call) by which a bank's collateral as described in section 2154 of this title exceeds the collateral required to support the bank's outstanding notes, bonds, debentures, and other similar obligations

#### Citation:
  - *12 U.S.C. § 2155*
  - Heading: **CHAPTER 23-FARM CREDIT SYSTEM > SUBCHAPTER IV-PROVISIONS APPLICABLE TO TWO OR MORE CLASSES OF INSTITUTIONS OF THE SYSTEM > Part A-Funding**

