§ 252.21 - Applicability.

§ 252.21 Applicability.

Cross Reference

Link to an amendment published at 84 FR 59102, Nov. 1, 2019.

(a) General applicability. Subject to the initial applicability provisions of paragraph (c) of this section, a A bank holding company with any class of stock that is publicly traded must comply with the risk-committee requirements set forth in this subpart beginning on the first day of the ninth quarter following the later of the date on which its average total consolidated assets equal or exceed $10 billion and the date on which any class of its stock becomes publicly traded.

(b) Total consolidated assets. Total consolidated assets of a bank holding company for purposes of this subpart are equal to its consolidated assets, calculated based on the average of the bank holding company's total consolidated assets in the four most recent quarters as reported quarterly on its FR Y-9C. If the bank holding company has not filed the FR Y-9C for each of the four most recent consecutive quarters, total consolidated assets means the average of its total consolidated assets, as reported on the FR Y-9C, for the most recent quarter or consecutive quarters, as applicable. Total consolidated assets are measured on the as-of date of the most recent FR Y-9C used in the calculation of the average.

(c) Initial applicability provisions. A bank holding company that, as of June 30, 2014, has total consolidated assets of $10 billion or more and has a class of stock that is publicly traded must comply with the requirements of this subpart beginning on July 1, 2015.

(d)

$50 billion.

(b) Cessation of requirements. A bank holding company will remain subject to the requirements of this subpart until the earlier of the date on which:

(1) Its

reported

total consolidated assets

on the FR Y-9C

are below

$10

$50 billion for each of four consecutive calendar quarters; and

(2) It becomes subject to the requirements of subpart D of this part

; and

(3) It ceases to have a class of stock that is publicly traded.

.

[84 FR 59102, Nov. 1, 2019]