(a) Scope.
(1) Applicability. Except as provided in paragraph (b) of this section, this subpart
applies to any covered savings and loan holding company with average
total consolidated assets of $100 billion or more.
(2) Ongoing applicability. A covered savings and loan holding company (including any successor
company) that is subject to any requirement in this subpart shall
remain subject to any such requirement unless and until its total consolidated
assets fall below $100 billion for each of four consecutive quarters,
effective on the as-of date of the fourth consecutive FR Y-9C.
(b) Transitional arrangements.
(1) A covered savings
and loan holding company that becomes a covered company on or before
September 30 of a calendar year must comply with the requirements
of this subpart beginning on January 1 of the second calendar year
after the covered savings and loan holding company becomes a covered
company, unless that time is extended by the Board in writing.
(2) A covered savings and loan holding
company that becomes a covered company after September 30 of a calendar
year must comply with the requirements of this subpart beginning on
January 1 of the third calendar year after the covered savings and
loan holding company becomes a covered company, unless that time is
extended by the Board in writing.
