Total assets
Total assets means the average of total assets required to be included in a banking institution's Reports of Condition and Income (Call Report) or, for savings associations, the consolidated total assets required to be included in the Thrift Financial Report, as these reports may from time to time be revised, as of the most recent report date (and after making any necessary subsidiary adjustments for state nonmember banks as described in 325.5(c) and 325.5(d) of this part), minus intangible assets (other than mortgage servicing assets, nonmortgage servicing assets, and purchased credit card relationships eligible for inclusion in core capital pursuant to 325.5(f)), minus credit-enhancing interest-only strips that are not eligible for inclusion in core capital pursuant to 325.5(f), minus deferred tax assets in excess of the limit set forth in 325.5(g), minus assets classified loss and any other assets that are deducted in determining Tier 1 capital, and minus the amount of the total adjusted carrying value of nonfinancial equity investments that is subject to a deduction from Tier 1 capital as set forth in section II.B.(6) of appendix A to this part. For banking institutions, the average of total assets is found in the Call Report schedule of quarterly averages. For savings associations, the consolidated total assets figure is found in Schedule CSC of the Thrift Financial Report.