---
kind: "section"
citation: "12 C.F.R. § 246.2"
title: "12"
number: "246.2"
heading: "Definitions."
url: "https://uscodex.org/cfr/12/246.2"
---

# §246.2. Definitions.


As used in this part:

- (a) Assessment period means January 1 through December 31 of each calendar year.
- (b) Bank means an insured depository institution as defined in section 3 of the Federal Deposit Insurance Act ([12 U.S.C. 1813](/usc/12/1813.md)).
- (c) **Bank holding company—** is defined as in section 2 of the Bank Holding Company Act of 1956 ([12 U.S.C. 1841](/usc/12/1841.md)), and the Board's Regulation Y ([12 CFR part 225](/cfr/12/part225.md)).
- (d) Company means a corporation, partnership, limited liability company, depository institution, business trust, special purpose entity, association, or similar organization.
- (e) Council means the Financial Stability Oversight Council established by [section 111](/cfr/12/111.md) of the Dodd-Frank Act ([12 U.S.C. 5321](/usc/12/5321.md)).
- (f) Foreign bank holding company means a foreign bank that is a bank holding company and any foreign company that owns such foreign bank.
- (g) Foreign savings and loan holding company means a foreign bank or foreign company that is a savings and loan holding company.
- (h) GAAP means generally accepted accounting principles, as used in the United States.
- (i) Grandfathered unitary savings and loan holding company means a savings and loan holding company described in section 10(c)(9)(C) of the Home Owners' Loan Act (“HOLA”) ([12 U.S.C. 1467a(c)(9)(C)](/usc/12/1467a.md?p=c-9-C)).
- (j) Nonbank financial company supervised by the Board means a company that the Council has determined pursuant to [section 113](/cfr/12/113.md) of the Dodd-Frank Act shall be supervised by the Board and for which such determination is in effect.
- (k) Notice of assessment means the notice in which the Board informs a company that it is an assessed company and states the assessed company's total assessable assets and the amount of its assessment.
- (l) **Savings and loan holding company—** is defined as in [section 10](/cfr/12/10.md) of HOLA ([12 U.S.C. 1467a](/usc/12/1467a.md)).
- (m) **Savings association—** is defined as in section 3 of the Federal Deposit Insurance Act ([12 U.S.C. 1813](/usc/12/1813.md)).
- (n) **Category I, II, and III firms—** are assessed companies subject to Category I, II, or III standards as defined and determined under 12 CFR parts [238](/cfr/12/part238.md) and [252](/cfr/12/part252.md) as of December 31 of the assessment period.
- (o) **Category IV firms—** are assessed companies subject to Category IV standards as defined and determined under 12 CFR parts [238](/cfr/12/part238.md) and [252](/cfr/12/part252.md) as of December 31 of the assessment period.
- (p) **“Other” firms—** are assessed companies not subject to the Category I, II, III, or IV standards as defined and determined under 12 CFR parts [238](/cfr/12/part238.md) and [252](/cfr/12/part252.md) as of December 31 of the assessment period.

## Notes

### Amendments

[78 FR 52492, Aug. 23, 2013, as amended at 85 FR 78953, Dec. 8, 2020]

### Authority

Authority: Pub. L. 111-203, 124 Stat. 1376, 1526 (2010), Pub. L. 115-174, 132 Stat. 1296 (2018), and section 11(s) of the Federal Reserve Act (12 U.S.C. 248(s)).

### Source

Source: 78 FR 52402, Aug. 23, 2013, unless otherwise noted.

### Amendments

[78 FR 52492, Aug. 23, 2013, as amended at 85 FR 78953, Dec. 8, 2020]