### Question
What does aggregate amount of covered transactions mean?


### Answer
**Aggregate amount of covered transactions** has the following meaning 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**

