Scope and definitions.

CFR · 2024-01-01 · US · Title 12

(a) (b) (i) For fiscal years ending on or before June 14, 2010, by audited consolidated financial statements of the top-tier or any mid-tier holding company. (ii) For fiscal years ending on or after June 15, 2010, by audited consolidated financial statements of the top-tier or any mid-tier holding company provided that the consolidated total assets of the insured depository institution (or the consolidated total assets of all of the holding company's insured depository institution subsidiaries, regardless of size, if the holding company owns or controls more than one insured depository institution) comprise 75 percent or more of the consolidated total assets of this top-tier or mid-tier holding company as of the beginning of its fiscal year. (2) The other requirements of this part for an insured depository institution that is a subsidiary of a holding company may be satisfied by the top- (i) The services and functions comparable to those required of the insured depository institution by this part are provided at this top-tier or mid-tier holding company level; and (ii) The insured depository institution has as of the beginning of its fiscal year: (A) Total assets of less than $5 billion; or (B) Total assets of $5 billion or more and a composite CAMELS rating of 1 or 2. (3) The appropriate Federal banking agency may revoke the exception in paragraph (b)(2) of this section for any institution with total assets in excess of $9 billion for any period of time during which the appr

official document · source cfr-2024 · id 12:§ 363.1