As used in this part:
(a) Assessment
period means January 1 through December 31 of each calendar year.
(b) Bank means an insured depository institution as defined
in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(c) Bank holding company is defined as in section 2 of
the Bank Holding Company Act of 1956 (12 U.S.C. 1841), and the Board’s
Regulation Y (12 CFR part 225).
(d) Company means a
corporation, partnership, limited liability company, depository institution,
business trust, special purpose entity, association, or similar organization.
(e) Council means the Financial Stability Oversight Council
established by section 111 of the Dodd-Frank Act (12 U.S.C. 5321).
(f) Foreign bank holding company means a foreign bank
that is a bank holding company and any foreign company that owns such
foreign bank.
(g) Foreign savings and loan holding company means a foreign bank or foreign company that is a savings and loan
holding company.
(h) GAAP means generally accepted accounting
principles, as used in the United States.
(i) Grandfathered
unitary savings and loan holding company means a savings and loan
holding company described in section 10(c)(9)(C) of the Home Owners’
Loan Act (“HOLA”) (12 U.S.C. 1467a(c)(9)(C)).
(j) Nonbank
financial company supervised by the Board means a company that
the Council has determined pursuant to section 113 of the Dodd-Frank
Act shall be supervised by the Board and for which such determination
is in effect.
(k) Notice of assessment means the notice
in which the Board informs a company that it is an assessed company
and states the assessed company’s total assessable assets and the
amount of its assessment.
(l) Savings and loan holding
company is defined as in section 10 of HOLA (12 U.S.C. 1467a).
(m) Savings association is defined as in section 3 of
the Federal Deposit Insurance Act (12 U.S.C. 1813).
(n) Category I, II, and III firms are assessed companies subject
to Category I, II, or III standards as defined and determined under
12 CFR parts 238 and 252 as of December 31 of the assessment period.
(o) Category IV firms are assessed companies subject to
Category IV standards as defined and determined under 12 CFR parts
238 and 252 as of December 31 of the assessment period.
(p) “Other” firms are assessed companies not subject to the Category
I, II, III, or IV standards as defined and determined under 12 CFR
parts 238 and 252 as of December 31 of the assessment period.
