§ 252.13 Applicability.
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Title 12 CFR: Banks and Banking › Chapter II: FEDERAL RESERVE SYSTEM › Part 252: ENHANCED PRUDENTIAL STANDARDS (REGULATION YY) › Subpart B: Company-Run Stress Test Requirements for State Member Banks With Total Consolidated Assets Over $250 Billion › § 252.13: § 252.13 Applicability.
Text
(a)
Scope
—(1)
Applicability.
Except as provided in paragraph (b) of this section, this subpart applies to any state member bank with average total consolidated assets of greater than $250 billion.
(2)
Ongoing applicability.
A state member bank (including any successor company) that is subject to any requirement in this subpart shall remain subject to any such requirement unless and until its total consolidated assets fall below $250 billion for each of four consecutive quarters, effective on the as-of date of the fourth consecutive Call Report.
(b)
Transition period.
(1) A state member bank that exceeds the asset threshold for the first time on or before September 30 of a calendar year must comply with the requirements of this subpart beginning on January 1 of the second calendar year after the state member bank becomes subject to this subpart, unless that time is extended by the Board in writing.
(2) A state member bank that exceeds the asset threshold for the first time after September 30 of a calendar year must comply with the requirements of this subpart beginning on January 1 of the third year after the state member bank becomes subject to this subpart, unless that time is extended by the Board in writing.
[84 FR 59100, Nov. 1, 2019]
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