(a) Scope.
(1) Applicability. Except as provided in paragraph
(b) of this section, this subpart applies to any state member bank
with average total consolidated assets of greater than $250 billion.
(2) Ongoing
applicability. A state member bank (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 $250 billion for each of four consecutive quarters, effective
on the as-of date of the fourth consecutive Call Report.
(b) Transition period.
(1) A state member bank that exceeds
the asset threshold for the first time 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 state
member bank becomes subject to this subpart, unless that time is extended
by the Board in writing.
(2) A state
member bank that exceeds the asset threshold for the first time after
September 30 of a calendar year must comply with the requirements
of this subpart beginning on January 1 of the third year after the
state member bank becomes subject to this subpart, unless that time
is extended by the Board in writing.
