---
kind: "section"
citation: "12 C.F.R. § 238.150"
title: "12"
number: "238.150"
heading: "Applicability and general provisions."
url: "https://uscodex.org/cfr/12/238.150"
---

# §238.150. Applicability and general provisions.

- (a) **In general.** This subpart establishes single counterparty credit limits for a covered company. For purposes of this subpart, covered company means:
  - (i) A Category II savings and loan holding company; or
  - (ii) **A Category III savings and loan holding company.**
- (b) **Credit exposure limits.**
  - (1) [Section 238.152](/cfr/12/238.152.md) establishes credit exposure limits for a covered company.
  - (2) 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.
- (c) **Applicability of this subpart.**
  - (1) 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.
  - (2) [Reserved]
- (d) **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

### 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.