Definitions.

CFR · 2024-01-01 · US · Title 12

(1) Either company consolidates the other on financial statements prepared in accordance with U.S. Generally Accepted Accounting Principles, the International Financial Reporting Standards, or other similar standards; (2) Both companies are consolidated with a third company on a financial statement prepared in accordance with such principles or standards; (3) For a company that is not subject to such principles or standards, if consolidation as described in paragraph (1) or (2) of this definition would have occurred if such principles or standards had applied; or (4) The Board has determined that a company is an affiliate of another company, based on Board's conclusion that (1) State member bank (as defined in 12 CFR 208.2(g)); (2) Bank holding company (as defined in 12 U.S.C. 1841); (3) Savings and loan holding company (as defined in 12 U.S.C. 1467a); (4) Foreign banking organization (as defined in 12 CFR 211.21(o)); (5) Foreign bank that does not operate an insured branch; (6) State branch or state agency of a foreign bank (as defined in 12 U.S.C. 3101(b)(11) and (12)); (7) Edge or agreement corporation (as defined in 12 CFR 211.1(c)(2) and (3)); or (8) Covered swap entity as determined by the Board. Covered swap entity would not include an affiliate of an entity listed in paragraphs (1) through (7) of this definition for which the Office of the Comptroller of the Currency or the Federal Deposit Insurance Corporation is the prudential regulator or that is required to be reg

official document · source cfr-2024 · id 12:§ 237.2