§ 252.150 - Scope.

§ 252.150 Scope.

Cross Reference

Link to an amendment published at 84 FR 59114, Nov. 1, 2019.

(a)

This subpart applies to foreign banking organizations with average total consolidated assets of

$50

$100 billion or more and average combined U.S. assets of

$50

$100 billion or more.

Foreign banking organizations with combined U.S. assets of $50 billion or more and U.S. non-branch assets of $50 billion or more are also subject to the U.S. intermediate holding company requirement contained in § 252.153.

(b) Total consolidated assets of a foreign banking organization are equal to the consolidated assets of the foreign banking organization. Combined U.S. assets of a foreign banking organization are equal to the sum of the consolidated assets of each top-tier U.S. subsidiary of the foreign banking organization (excluding any section 2(h)(2) company, if applicable) and the total assets of each U.S. branch and U.S. agency of the foreign banking organization. U.S. non-branch assets are equal to the sum of the consolidated assets of each top-tier U.S. subsidiary of the foreign banking organization (excluding any section 2(h)(2) company and DPC branch subsidiary, if applicable).

[84 FR 59114, Nov. 1, 2019]