Section 242.4 - Significant nonbank financial companies and significant bank holding companiesFor purposes of Title I of the Dodd-Frank Act, the following definitions shall apply:
(a)Significant nonbank financial company. A "significant nonbank financial company" means-(1) Any nonbank financial company supervised by the Board; and(2) Any other nonbank financial company that had $100 billion or more in total consolidated assets (as determined in accordance with applicable accounting standards) as of the end of its most recently completed fiscal year.(b)Significant bank holding company. A "significant bank holding company" means any bank holding company or company that is, or is treated in the United States as, a bank holding company, that had $100 billion or more in total consolidated assets as of the end of the most recently completed calendar year, as reported on either the Federal Reserve's FR Y-9C (Consolidated Financial Statement for Holding Companies), or any successor form thereto, or the Federal Reserve's Form FR Y-7Q (Capital and Asset Report for Foreign Banking Organizations), or any successor form thereto.84 FR 59096, Nov. 1, 2019