Definitions.

CFR · 2024-01-01 · US · Title 12

The following definitions apply to the terms used in this part: (1) With respect to an Enterprise: (i) The chairman of the board of directors, chief executive officer, chief financial officer, chief operating officer, president, vice chairman, any executive vice president, any senior vice president, any individual in charge of a principal business unit, division, or function, and any individual who performs functions similar to such positions whether or not the individual has an official title; and (ii) Any other officer as identified by the Director; (2) With respect to a Bank: (i) The president, the chief financial officer, and the three other most highly compensated officers; and (ii) Any other officer as identified by the Director. (3) With respect to the Office of Finance: (i) The chief executive officer, chief financial officer, and chief operating officer; and (ii) Any other officer identified by the Director. (1) (i) The duties and responsibilities of the position; (ii) Compensation factors that indicate added or diminished risks, constraints, or aids in carrying out the responsibilities of the position; and (iii) Performance of the regulated entity, the specific employee, or one of the entity's significant components with respect to achievement of goals, consistency with supervisory guidance and internal rules of the entity, and compliance with applicable law and regulation. (2)

official document · source cfr-2024 · id 12:§ 1230.2