Definitions.

CFR · 2024-01-01 · US · Title 12

For the purposes of this part: (1) For any deposit received, the Board-regulated institution (as agent for the depositors) places the same amount with other depository institutions through the network; and (2) Each member of the network sets the interest rate to be paid on the entire amount of funds it places with other network members. (1) A covered depository institution holding company that is identified as a Category II banking organization pursuant to 12 CFR 252.5 or 12 CFR 238.10; (2) A U.S. intermediate holding company that is identified as a Category II banking organization pursuant to 12 CFR 252.5; (3)(i) A state member bank that: (A) Is a consolidated subsidiary of: ( ( (B) That has total consolidated assets, calculated based on the average of the state member bank's total consolidated assets for the four most recent calendar quarters as reported on the Call Report, equal to $10 billion or more. (ii) If the state member bank has not filed the Call Report for each of the four most recent calendar quarters, total consolidated assets is calculated based on its total consolidated assets, as reported on the Call Report, for the most recent quarter or the average of the most recent quarters, as applicable. After meeting the criteria under this paragraph (3), a state member bank continues to be a Category II Board-regulated institution until the state member bank has less than $10 billion (4) A state member bank that: (i) Is not a subsidiary of a depository institution hol

official document · source cfr-2024 · id 12:§ 249.3