---
kind: "section"
citation: "12 C.F.R. § 242.4"
title: "12"
number: "242.4"
heading: "Significant nonbank financial companies and significant bank holding companies."
url: "https://uscodex.org/cfr/12/242.4"
---

# §242.4. Significant nonbank financial companies and significant bank holding companies.


For purposes of Title I of the Dodd-Frank Act, the following definitions shall apply:

- (a) **Significant nonbank financial company.** A “significant nonbank financial company” means—
  - (1) Any nonbank financial company supervised by the Board; and
  - (2) Any other nonbank financial company that had $100 billion or more in total consolidated assets (as determined in accordance with applicable accounting standards) as of the end of its most recently completed fiscal year.
- (b) **Significant bank holding company.** A “significant bank holding company” means any bank holding company or company that is, or is treated in the United States as, a bank holding company, that had $100 billion or more in total consolidated assets as of the end of the most recently completed calendar year, as reported on either the Federal Reserve's FR Y-9C (Consolidated Financial Statement for Holding Companies), or any successor form thereto, or the Federal Reserve's Form FR Y-7Q (Capital and Asset Report for Foreign Banking Organizations), or any successor form thereto.

## Notes

### Amendments

[84 FR 59096, Nov. 1, 2019]

### Authority

Authority: 12 U.S.C. 5311.

### Source

Source: 78 FR 20776, Apr. 5, 2013, unless otherwise noted.

### Amendments

[84 FR 59096, Nov. 1, 2019]