31 CFR 150.2 - Definitions.

§ 150.2 Definitions.
As used in this part:
Assessed company means:
(1) A bank holding company that has $50 billion or more in total consolidated assets, based on the average of total consolidated assets as reported on the bank holding company's four most recent quarterly Consolidated Financial Statements for Bank Holding Companies (or, in the case of a foreign banking organization, based on the average of total assets at end of period as reported on such company's four most recent quarterly Capital and Asset Information for the Top-tier Consolidated Foreign Banking Organization submissions if filed quarterly, or two most recent annual submissions if filed annually, as appropriate); or
(2) A nonbank financial company required to be supervised by the Board under section 113 of the Dodd-Frank Act.
Assessment basis means, for a given assessment period, an estimate of the total expenses that are necessary or appropriate to carry out the responsibilities of the Office and the Council as set out in the Dodd-Frank Act (including an amount necessary to reimburse reasonable implementation expenses of the Corporation that shall be treated as expenses of the Council pursuant to section 210(n)(10) of the Dodd-Frank).
Assessment fee rate, with regard to a particular assessment period, means the rate published by the Department for the calculation of assessment fees for that period.
Assessment payment date means:
(1) For the initial assessment period, July 20, 2012;
(2) For any semiannual assessment period ending on March 31 of a given calendar year, September 15 of the prior calendar year; and
(3) For any semiannual assessment period ending on September 30 of a given calendar year, March 15 of the same year.
Assessment period means any of:
(1) The initial assessment period; or
(2) Any semiannual assessment period.
Bank holding company means:
(1) A bank holding company as defined in section 2 of the Bank Holding Company Act of 1956 (12 U.S.C. 1841); or
(2) A foreign banking organization.
Board means the Board of Governors of the Federal Reserve System.
Corporation means the Federal Deposit Insurance Corporation.
Council means the Financial Stability Oversight Council established by section 111 of the Dodd-Frank Act.
Department means the Department of the Treasury.
Determination date means:
(1) For the initial assessment period, December 31, 2011.
(2) For any semiannual assessment period ending on March 31 of a given calendar year, May 31 of the prior calendar year.
(3) For any semiannual assessment period ending on September 30 of a given calendar year, November 30 of the prior calendar year.
Dodd-Frank Act means the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Foreign banking organization means a foreign bank or company that is treated as a bank holding company for purposes of the Bank Holding Company Act of 1956, pursuant to section 8(a) of the International Banking Act of 1978 (12 U.S.C. 3106(a)).
Initial assessment period means the period of time beginning on July 20, 2012 and ending on March 31, 2013.
Office means the Office of Financial Research established by section 152 of the Dodd-Frank Act.
Semiannual assessment period means:
(1) Any period of time beginning after the initial assessment period on October 1 and ending on March 31 of the following calendar year; or
(2) Any period of time beginning after the initial assessment period on April 1 and ending on September 30 of the same calendar year.
Total assessable assets means:
(1) For a bank holding company other than a foreign banking organization, the average of total consolidated assets for the four quarters preceding the determination date, as reported on the bank holding company's four most recent FR Y-9C filings;
(2) For any other bank holding company that has $50 billion or more in total consolidated assets, the average of the company's total assets of combined U.S. operations for the four quarters preceding the determination date, based on the combined total assets of the foreign banking organization's U.S. branches, agencies, and subsidiaries as reported on the foreign banking organization's four most recent quarterly financial reports, or, if the company only files financial reports annually, the average of the company's total assets of combined U.S. operations for the two years preceding the determination date, based on the combined total assets of the foreign banking organization's U.S. branches, agencies, and subsidiaries as reported on the foreign banking organization's two most recent annual financial reports; or
(3) For a nonbank financial company supervised by the Board under section 113 of the Dodd-Frank Act, either the average of total consolidated assets for the four quarters preceding the determination date, if the company is a U.S. company, or the average of total assets of combined U.S. operations for the four quarters preceding the determination date, if the company is a foreign company.

Title 31 published on 2013-07-01

no entries appear in the Federal Register after this date.

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United States Code
U.S. Code: Title 12 - BANKS AND BANKING
U.S. Code: Title 31 - MONEY AND FINANCE