An assessed company is any company that:
(a) Is a top-tier company that, on December 31 of the assessment
period:
(1) Is a bank holding
company, other than a foreign bank holding company, with $100 billion
or more in total consolidated assets, as determined based on the average
of the bank holding company’s total consolidated assets reported for
the assessment period on the Federal Reserve’s Form FR Y-9C (“FR Y-9C”),
(2) (i) Is a savings
and loan holding company, other than a foreign savings and loan holding
company, with $100 billion or more in total consolidated assets, as
determined, except as provided in paragraph (a)(2)(ii) of this section,
based on the average of the savings and loan holding company’s total
consolidated assets as reported for the assessment period on the FR
Y-9C or on the Quarterly Savings and Loan Holding Company Report (FR
2320), as applicable.
(ii) If
a company does not calculate its total consolidated assets under GAAP
for any regulatory purpose (including compliance with applicable securities
laws), the company may request that the Board permit the company to
file a quarterly estimate of its total consolidated assets. The Board
may, in its discretion and subject to Board review and adjustment,
permit the company to provide estimated total consolidated assets
on a quarterly basis. For purposes of this part, the company’s total
consolidated assets will be the average of the estimated total consolidated
assets provided for the assessment period.
(b) Is a top-tier foreign bank holding company on December 31
of the assessment period, with $100 billion or more in total consolidated
assets, as determined based on the average of the foreign bank holding
company’s total consolidated assets reported for the assessment period
on the Federal Reserve’s Form FR Y-7Q (“FR Y-7Q”), provided, however,
that if any such company has filed only one FR Y-7Q during the assessment
period, the Board shall use an average of the foreign bank holding
company’s total consolidated assets reported on that FR Y-7Q and on
the FR Y-7Q for the corresponding period in the year prior to the
assessment period.
(c) Is a top-tier foreign savings and loan holding
company on December 31 of the assessment period, with $100 billion
or more in total consolidated assets, as determined based on the average
of the foreign savings and loan holding company’s total consolidated
assets reported for the assessment period on the reporting forms applicable
during the assessment period, provided, however, that if any such
company has filed only one reporting form during the assessment period,
the Board shall use an average of the foreign savings and loan holding
company’s total consolidated assets reported on that reporting form
and on the reporting form for the corresponding period in the year
prior to the assessment period, or
(d) Is a nonbank financial
company supervised by the Board.
