Total consolidated assets

Total consolidated assets means the total assets on the stockholder's balance sheet as reported by the stockholder on its Consolidated Report of Condition and Income (Call Report) as of the most recent December 31, except in the case of:
(i) A new member “total consolidated assets” means (until the next December 31 Call Report becomes available) the total consolidated assets of the new member at the time of its application for capital stock; and
(ii) A surviving stockholder after a merger “total consolidated assets” means (until the next December 31 Call Report becomes available) the total consolidated assets reported by that stockholder pursuant to § 209.3(d)(5).

Source

12 CFR § 209.1

---

Scoping language

Authority. This part is issued pursuant to 12 U.S.C. 222, 248, 282, 286288, 289, 321, 323, 327328, and 466.

---

Is this correct? or