Definitions.

CFR · 2024-01-01 · US · Title 12

Unless otherwise specified, the following definitions apply for purposes of this part: (1) A bank holding company that is a U.S. bank holding company; (2) A U.S. intermediate holding company; or (3) A foreign banking organization. (1) The U.S. branches and agencies of the foreign banking organization; and (2) The U.S. subsidiaries of the foreign banking organization (excluding any section 2(h)(2) company, if applicable) and subsidiaries of such U.S. subsidiaries. (i) The total exposure of such banking organization, as reported by the banking organization on the FR Y-15; minus (ii) The total consolidated assets of such banking organization for the same calendar quarter. (2) The off-balance sheet exposure of a foreign banking organization is equal to: (i) The total exposure of the combined U.S. operations of the foreign banking organization, as reported by the foreign banking organization on the FR Y-15; minus (ii) The combined U.S. assets of the foreign banking organization for the same calendar quarter. (1) Any exchange registered with the U.S. Securities and Exchange Commission as a national securities exchange under section 6 of the Securities Exchange Act of 1934 (15 U.S.C. 78f); or (2) Any non-U.S.-based securities exchange that: (i) Is registered with, or approved by, a non-U.S. national securities regulatory authority; and (ii) Provides a liquid, two-way market for the instrument in question, meaning that there are enough independent bona fide offers to buy and sell so

official document · source cfr-2024 · id 12:§ 252.2