Definitions.

CFR · 2024-01-01 · US · Title 12

For purposes of this part: (a) (1) Has a composite rating, as determined by its appropriate Federal banking agency in its most recent report of examination, of 4 or 5 under the Uniform Financial Institution Rating System, or in the case of an insured branch of a foreign bank, an equivalent rating; or (2) Is determined by the appropriate Federal banking agency or by the FDIC in consultation with the appropriate Federal banking agency to be experiencing a significant deterioration of capital or significant funding difficulties or liquidity stress, notwithstanding the composite rating of the institution by its appropriate Federal banking agency in its most recent report of examination. (b) (c) (d) (e) (1) The entity directly or indirectly or acting through one or more persons owns, controls, or has power to vote 25 per centum or more of any class of voting securities of the other entity; (2) The entity controls in any manner the election of a majority of the directors or trustees of the other entity; or (3) The Board of Governors of the Federal Reserve System has determined, after notice and opportunity for hearing in accordance with 12 CFR 225.31, that the entity directly or indirectly exercises a controlling influence over the management or policies of the other entity. (f) (g) (i) (j) (k) (1) (2) (l) (m) (n) (o) (p) (q) (r) (s) (1) A functionally regulated subsidiary as defined in 12 U.S.C. 1844(c)(5); (2) A security-based swap dealer as defined in 15 U.S.C. 78c(a)(71); or (3

official document · source cfr-2024 · id 12:§ 371.2