§238.150. Applicability and general provisions.
12 C.F.R. § 238.150
In general. This subpart establishes single counterparty credit limits for a covered company. For purposes of this subpart, covered company means:
A Category II savings and loan holding company; or
A Category III savings and loan holding company.
Credit exposure limits.
Section 238.152 establishes credit exposure limits for a covered company.
A covered company is required to calculate its aggregate net credit exposure, gross credit exposure, and net credit exposure to a counterparty using the methods in this subpart.
Applicability of this subpart.
A covered company that becomes subject to this subpart must comply with the requirements of this subpart beginning on the first day of the ninth calendar quarter after it becomes a covered company, unless that time is accelerated or extended by the Board in writing.
[Reserved]
Cessation of requirements. Any company that becomes a covered company will remain subject to the requirements of this subpart unless and until it is not a Category II savings and loan holding company or a Category III savings and loan holding company.
Notes, amendments, and revision history
Source
Source: 84 FR 59087, 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.