Investment in the capital of an unconsolidated financial institution

Investment in the capital of an unconsolidated financial institution means a net long position calculated in accordance with 3.22(h) in an instrument that is recognized as capital for regulatory purposes by the primary supervisor of an unconsolidated regulated financial institution and is an instrument that is part of the GAAP equity of an unconsolidated unregulated financial institution, including direct, indirect, and synthetic exposures to capital instruments, excluding underwriting positions held by the national bank or Federal savings association for five or fewer business days.

Source

12 CFR § 3.2


Scoping language

As used in this part:

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