covered depository institution

(12) Short form reporting.— (A) In general .— The appropriate Federal banking agencies shall issue regulations that allow for a reduced reporting requirement for a covered depository institution when the institution makes the first and third report of condition for a year, as required under paragraph (3). (B) Definition .— In this paragraph, the term “covered depository institution” means an insured depository institution that— (i) has less than $5,000,000,000 in total consolidated assets; and (ii) satisfies such other criteria as the appropriate Federal banking agencies determine appropriate.

Source

12 USC § 1817(a)(12)


Scoping language

In this paragraph
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