§ 238.118. Applicability.
104 words·~1 min read·
/us/cfr/t12/s§ 238.118·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)General applicability. A covered savings and loan bank holding company must comply with the risk-committee requirements set forth in this subpart beginning on the first day of the ninth quarter following the date on which its average total consolidated assets equal or exceed $50 billion.
(b)Cessation of requirements. A covered savings and loan holding company will remain subject to the requirements of this subpart until the earlier of the date on which:
(1)Its total consolidated assets are below $50 billion for each of four consecutive calendar quarters; and
(2)It becomes subject to the requirements of subpart N of this part.