Economic downturn conditions

Economic downturn conditions means, with respect to an exposure held by the Board-regulated institution, those conditions in which the aggregate default rates for that exposure's wholesale or retail exposure subcategory (or subdivision of such subcategory selected by the Board-regulated institution) in the exposure's national jurisdiction (or subdivision of such jurisdiction selected by the Board-regulated institution) are significantly higher than average.

Source

12 CFR § 217.101

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Scoping language

Terms that are set forth in 217.2 and used in this subpart have the definitions assigned thereto in 217.2.

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