In a large bowl, combine the flour, baking powder, salt, cinnamon and nutmeg. In another bowl, beat the eggs, sugar, eggnog, butter and extracts; stir into dry ingredients just until moistened.
Pour into three greased 53/4-by-3-by-2-inch loaf pans.
Bake at 350 degrees for 30–35 minutes or until toothpick inserted near the center comes out clean. Cool for 10 minutes before removing from pans to wire racks.
* This recipe was tested with commercially prepared eggnog.