(a) General.
(1) A U.S. bank holding company with average
total consolidated assets of $100 billion or more must determine its
category among the four categories described in paragraphs (b) through
(e) of this section at least quarterly.
(2) A U.S. intermediate holding company
with average total consolidated assets of $100 billion or more must
determine its category among the three categories described in paragraphs
(c) through (e) of this section at least quarterly.
(3) A foreign banking organization with
average total consolidated assets of $100 billion or more and average
combined U.S. assets of $100 billion or more must determine its category
among the three categories described in paragraphs (c) through (e)
of this section at least quarterly.
(b) Global systemically important BHC. A banking
organization is a global systemically important BHC if it is identified
as a global systemically important BHC pursuant to 12 CFR 217.402.
(c) Category II.
(1) A banking organization
is a Category II banking organization if the banking organization:
(i) Has:
(A)(1) For a U.S. bank holding
company or a U.S. intermediate holding company, $700 billion or more
in average total consolidated assets;
(2) For a foreign banking organization,
$700 billion or more in average combined U.S. assets; or
(B) (1) $75 billion or more
in average cross-jurisdictional activity; and
(2)
(i) For a U.S. bank holding company or a U.S. intermediate
holding company, $100 billion or more in average total consolidated
assets; or
(ii)
For a foreign banking organization, $100 billion or more in average
combined U.S. assets; and
(ii) Is not a global
systemically important BHC.
(2) After meeting the criteria in paragraph
(c)(1) of this section, a banking organization continues to be a Category
II banking organization until the banking organization:
(i) Has:
(A)(1) For a U.S. bank holding
company or a U.S. intermediate holding company, less than $700 billion
in total consolidated assets for each of the four most recent calendar
quarters; or
(2) For a foreign banking organization, less than $700 billion in combined
U.S. assets for each of the four most recent calendar quarters; and
(B) Less
than $75 billion in cross-jurisdictional activity for each of the
four most recent calendar quarters;
(ii) Has:
(A) For a U.S. bank holding
company or a U.S. intermediate holding company, less than $100 billion
in total consolidated assets for each of the four most recent calendar
quarters;
(B) For a foreign
banking organization, less than $100 billion in combined U.S. assets
for each of the four most recent calendar quarters; or
(iii) Meets the criteria
in paragraph (b) to be a global systemically important BHC.
(d) Category
III.
(1) A banking organization
is a Category III banking organization if the banking organization:
(i) Has:
(A)(1) For a U.S. bank holding
company or a U.S. intermediate holding company, $250 billion or more
in average total consolidated assets; or
(2) For a foreign banking organization,
$250 billion or more in average combined U.S. assets; or
(B)(1)(i) For a U.S.
bank holding company or a U.S. intermediate holding company, $100
billion or more in average total consolidated assets; or
(ii) For a foreign banking
organization, $100 billion or more in average combined U.S. assets;
and
(2) At least:
(i) $75 billion in average total nonbank assets;
(ii) $75 billion in average
weighted short-term wholesale funding; or
(iii) $75 billion in average off-balance
sheet exposure;
(ii) Is not a global systemically
important BHC; and
(iii) Is not a Category II banking organization.
(2) After meeting the criteria
in paragraph (d)(1) of this section, a banking organization continues
to be a Category III banking organization until the banking organization:
(i) Has:
(A) (1) For a U.S. bank
holding company or a U.S. intermediate holding company, less than
$250 billion in total consolidated assets for each of the four most
recent calendar quarters; or
(2) For a foreign banking organization, less than $250 billion
in combined U.S. assets for each of the four most recent calendar
quarters;
(B) Less than $75 billion in total nonbank assets for each of the
four most recent calendar quarters;
(C) Less than $75 billion in weighted short-term
wholesale funding for each of the four most recent calendar quarters;
and
(D) Less than $75
billion in off-balance sheet exposure for each of the four most recent
calendar quarters; or
(ii) Has:
(A) For a U.S. bank holding
company or a U.S. intermediate holding company, less than $100 billion
in total consolidated assets for each of the four most recent calendar
quarters; or
(B) For a
foreign banking organization, less than $100 billion in combined U.S.
assets for each of the four most recent calendar quarters;
(iii) Meets the criteria
in paragraph (b) of this section to be a global systemically important
BHC; or
(iv) Meets
the criteria in paragraph (c)(1) of this section to be a Category
II banking organization.
(e) Category IV.
(1) A banking organization is a Category
IV banking organization if the banking organization:
(i) Is not
global systemically important BHC;
(ii) Is not a Category II banking organization;
(iii) Is not a Category
III banking organization; and
(iv) Has:
(A) For a U.S. bank holding
company or a U.S. intermediate holding company, average total consolidated
assets of $100 billion or more; or
(B) For a foreign banking organization, average
combined U.S. assets of $100 billion or more.
(2) After meeting the
criteria in paragraph (e)(1), a banking organization continues to
be a Category IV banking organization until the banking organization:
(i) Has:
(A) For a U.S. bank holding company or a U.S.
intermediate holding company, less than $100 billion in total consolidated
assets for each of the four most recent calendar quarters;
(B) For a foreign banking organization,
less than $100 billion in combined U.S. assets for each of the four
most recent calendar quarters;
(ii) Meets the criteria in paragraph
(b) of this section to be a global systemically important BHC;
(iii) Meets the criteria
in paragraph (c)(1) of this section to be a Category II banking organization;
or
(iv) Meets the
criteria in paragraph (d)(1) of this section to be a Category III
banking organization.
