DEFINITIONS.

SEC. 602. DEFINITIONS. Section 2 of the Federal Home Loan Bank Act (12 U.S.C. 1422) is amended— (1) in paragraph (1), by striking “term ‘Board’ means” and inserting “terms ‘Finance Board’ and ‘Board’ mean”; (2) by striking paragraph (3) and inserting the following: “(3) State.—The term ‘State’, in addition to the States of the United States, includes the District of Columbia, Guam, Puerto Rico, the United States Virgin Islands, American Samoa, and the Commonwealth of the Northern Mariana Islands.”; and (3) by adding at the end the following new paragraph: “(13) Community financial institution.— “(A) In general.—The term ‘community financial institution’ means a member— “(i) the deposits of which are insured under the Federal Deposit Insurance Act; and “(ii) that has, as of the date of the transaction at issue, less than $500,000,000 in average total assets, based on an average of total assets over the 3 years preceding that date. “(B) Adjustments.—The $500,000,000 limit referred to in subparagraph (A)(ii) shall be adjusted annually by the Finance Board, based on the annual percentage increase, if any, in the Consumer Price Index for all urban consumers, as published by the Department of Labor.”.