Definitions.

CFR · 2024-01-01 · US · Title 12

For purposes of this part: (a) (b) [Reserved] (c) (1) An insured depository institution which, based on its Reports of Condition and Income filed with the appropriate federal banking agency, has 2 million or more deposit accounts during the two consecutive quarters preceding the effective date of this part or thereafter; or (2) Any other insured depository institution that delivers written notice to the FDIC that it will voluntarily comply with the requirements set forth in this part. (d) (1) April 1, 2020, for any insured depository institution that was a covered institution as of April 1, 2017; (2) The date that is three years after the date on which an insured depository institution becomes a covered institution; or (3) The date on which an insured depository institution that elects to be a covered institution under § 370.2(c)(2) files its first certification of compliance and deposit insurance coverage summary report pursuant to § 370.10(a). (e) (f) (g) (h) (i) (j) (k)

official document · source cfr-2024 · id 12:§ 370.2