(a) Scope. This subpart applies to a covered depository institution
holding company domiciled in the United States that has total consolidated
assets equal to $50 billion or more, based on the average of the Board-regulated
institution’s four most recent FR Y-9Cs (or, if a savings and loan
holding company is not required to report on the FR Y-9C, based on
the average of its estimated total consolidated assets for the most
recent four quarters, calculated in accordance with the instructions
to the FR Y-9C) and does not meet the applicability criteria set forth
in section 249.1(b).
(b) Applicable provisions. Except as otherwise provided in this
subpart, the provisions of subparts A through E of this part apply
to covered depository institution holding companies that are subject
to this subpart.
(c) Applicability. Subject to the transition periods set forth in section 249.61:
(1) A Board-regulated institution that
meets the threshold for applicability of this subpart under paragraph
(a) of this section on September 30, 2014, must comply with the requirements
of this subpart beginning on January 1, 2015; and
(2) A Board-regulated institution that
first meets the threshold for applicability of this subpart under
paragraph (a) of this section after September 30, 2014, must comply
with the requirements of this subpart one year after the date it meets
the threshold set forth in paragraph (a); except that a Board-regulated
institution that met the applicability criteria in section 249.1(b)
immediately prior to meeting this threshold must comply with the requirements
of this subpart beginning on the first day of the first quarter after
which it meets the threshold set forth in paragraph (a) of this section.