§238.118. Applicability.
12 C.F.R. § 238.118
General applicability. A covered savings and loan bank holding company must comply with the risk-committee requirements set forth in this subpart beginning on the first day of the ninth quarter following the date on which its average total consolidated assets equal or exceed $50 billion.
Cessation of requirements. A covered savings and loan holding company will remain subject to the requirements of this subpart until the earlier of the date on which:
Its total consolidated assets are below $50 billion for each of four consecutive calendar quarters; and
It becomes subject to the requirements of subpart N of this part.
Notes, amendments, and revision history
Source
Source: 84 FR 59077, Nov. 1, 2019, unless otherwise noted.
Authority
Authority: 5 U.S.C. 552, 559; 12 U.S.C. 1462, 1462a, 1463, 1464, 1467, 1467a, 1468, 5365; 1813, 1817, 1829e, 1831i, 1972, 15 U.S.C. 78 l.
Source
Source: Reg. LL, 76 FR 56532, Sept. 13, 2011, unless otherwise noted.