Link to an amendment published at 85 FR 78953, Dec. 8, 2020.
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).
- (c) Bank holding company is defined as in section 2 of the Bank Holding Company Act of 1956 (12 U.S.C. 1841), and the Board's Regulation Y (12 CFR part 225).
- (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 of the Dodd-Frank Act (12 U.S.C. 5321).
- (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)).
- (j) Nonbank financial company supervised by the Board means a company that the Council has determined pursuant to section 113 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 of HOLA (12 U.S.C. 1467a).
- (m) Savings association is defined as in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813).