12 CFR § 390.251 - Definitions.
For purposes of this subpart:
Control has the same meaning as in part 391, subpart E.
GAAP-consolidated subsidiary means an entity in which a State savings association has a direct or indirect ownership interest and whose assets are consolidated with those of the savings association for purposes of reporting under Generally Accepted Accounting Principles (GAAP). Generally, these are entities in which a State savings association has a majority ownership interest.
Ownership interest means any equity interest in a business organization, including stock, limited or general partnership interests, or shares in a limited liability company.
Subordinate organization means any corporation, partnership, business trust, association, joint venture, pool, syndicate, or other similar business organization in which a State savings association has a direct or indirect ownership interest, unless that ownership interest qualifies as a pass-through investment and is so designated by the investing State savings association.