---
kind: "section"
citation: "12 C.F.R. § 217.406"
title: "12"
number: "217.406"
heading: "Short-term wholesale funding score."
url: "https://uscodex.org/cfr/12/217.406"
---

# §217.406. Short-term wholesale funding score.

- (a) **General.** Except as provided in [§ 217.400(b)(3)(ii)](/cfr/12/217.400.md?p=b-3-ii), a global systemically important BHC's short-term wholesale funding score is equal to:
  - (1) The average of the global systemically important BHC's weighted short-term wholesale funding amount (defined in [paragraph (b)](#b) of this section);
  - (2) Divided by the global systemically important BHC's average risk-weighted assets; and
  - (3) **Multiplied by a fixed factor of 350.**
- (b) **Weighted short-term wholesale funding amount.**
  - (1) To calculate its weighted short-term wholesale funding amount, a global systemically important BHC must calculate the amount of its short-term wholesale funding on a consolidated basis for each business day of the previous calendar year and weight the components of short-term wholesale funding in accordance with Table 1 of this section.
  - (2) Short-term wholesale funding includes the following components, each as defined in paragraph (c) of this section:
    - (i) All funds that the bank holding company must pay under each secured funding transaction, other than an operational deposit, with a remaining maturity of 1 year or less;
    - (ii) All funds that the bank holding company must pay under all unsecured wholesale funding, other than an operational deposit, with a remaining maturity of 1 year or less;
    - (iii) The fair value of an asset as determined under GAAP that a bank holding company must return under a covered asset exchange with a remaining maturity of 1 year or less;
    - (iv) The fair value of an asset as determined under GAAP that the bank holding company must return under a short position to the extent that the borrowed asset does not qualify as a Level 1 liquid asset or a Level 2A liquid asset; and
    - (v) **All brokered deposits held at the bank holding company provided by a retail customer or counterparty.**
  - (3) For purposes of calculating the short-term wholesale funding amount and the components thereof, a bank holding company must assume that each asset or transaction described in [paragraph (b)(2)](#b-2) of this section matures in accordance with the criteria set forth in [12 CFR 249.31](/cfr/12/249.31.md).

## Notes

### Authority

Authority: 12 U.S.C. 5365.

### Source

Source: Reg. Q, 80 FR 49105, Aug. 14, 2015, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 248(a), 321-338a, 481-486, 1462a, 1467a, 1818, 1828, 1831n, 1831o, 1831p-1, 1831w, 1835, 1844(b), 1851, 3904, 3906-3909, 4808, 5365, 5368, 5371, 5371 note, and sec. 4012, Pub. L. 116-136, 134 Stat. 281.

### Source

Source: Reg. Q, 78 FR 62157, 62285, Oct. 11, 2013, unless otherwise noted.