Definitions.

CFR · 2024-01-01 · US · Title 12

For the purposes of this part: (1) For any deposit received, the FDIC-supervised 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)(i) An FDIC-supervised institution that: (A) Is a consolidated subsidiary of: ( ( ( (B) Has total consolidated assets, calculated based on the average of the FDIC-supervised institution's total consolidated assets for the four most recent calendar quarters as reported on (ii) If the FDIC-supervised institution 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 (1), an FDIC-supervised institution continues to be a Category II FDIC-supervised institution until the FDIC-supervised institution has less than $10 billion in total consolidated assets, as reported on the Call Report, for each of the four most recent calendar quarters, or the FDIC-supervised institution is no longer a consolidated subsidiary of an entity described in paragraph (1)(i)(A)( (2) An FDIC-supervised institution that: (i) Is not a subsidiary of a depository institution holding company; and (ii)(A) Ha

official document · source cfr-2024 · id 12:§ 329.3