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Internal financial activities

2 rules

(A) Treatment of internal financial activities For purposes of this subsection, the internal financial activities of a grandfathered unitary savings and loan holding company shall not be required to be placed in an intermediate holding company.

(B) Grandfathered activities A grandfathered unitary savings and loan holding company may continue to engage in an internal financial activity, subject to review by the Board to determine whether engaging in such activity presents undue risk to the grandfathered unitary savings and loan holding company or to the financial stability of the United States, if— (i) the grandfathered unitary savings and loan holding company engaged in the activity during the year before July 21, 2010 ; and (ii) at least ⅔ of the assets or ⅔ of the revenues generated from the activity are from or attributable to the grandfathered unitary savings and loan holding company.

in view

Whole section

Encodings · 2

grandfathered_internal_financial_activity_attribution_fraction12 USC § 1467b (b)(2) (B) · parameter

12 USC 1467b(b)(2)(B)

name: grandfathered_internal_financial_activity_attribution_fraction
kind: parameter
dtype: Rate
source: 12 USC 1467b(b)(2)(B)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us/statute/12/1467b
          excerpt: at least ⅔ of the assets or ⅔ of the revenues
versions:
  - effective_from: '0001-01-01'
    formula: 2 / 3

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grandfathered_internal_financial_activity_may_continue12 USC § 1467b (b)(2) (B) · derived

12 USC 1467b(b)(2)(B)

name: grandfathered_internal_financial_activity_may_continue
kind: derived
entity: Activity
dtype: Judgment
period: Day
source: 12 USC 1467b(b)(2)(B)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us/statute/12/1467b
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us/statute/12/1467b
          excerpt: at least ⅔ of the assets or ⅔ of the revenues
versions:
  - effective_from: '0001-01-01'
    formula: >-
      internal_financial_activity

      and
      grandfathered_unitary_savings_and_loan_holding_company_engaged_in_activity_during_required_lookback_year

      and (
        activity_assets_from_or_attributable_to_company_fraction >= grandfathered_internal_financial_activity_attribution_fraction
        or activity_revenues_from_or_attributable_to_company_fraction >= grandfathered_internal_financial_activity_attribution_fraction
      )

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statutes/12/1467b.yaml

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Rules

grandfathered_internal_financial_activity_attribution_fraction

Parameter(B) in text ↖

source: 12 USC 1467b(b)(2)(B)

- name: grandfathered_internal_financial_activity_attribution_fraction
  kind: parameter
  dtype: Rate
  source: 12 USC 1467b(b)(2)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1467b
            excerpt: at least ⅔ of the assets or ⅔ of the revenues
  versions:
    - effective_from: '0001-01-01'
      formula: 2 / 3

internal_financial_activity

Derived

source: 12 USC 1467b(a)

- name: internal_financial_activity
  kind: derived
  entity: Activity
  dtype: Judgment
  period: Day
  source: 12 USC 1467b(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/12/1467b
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        otherwise_internal_financial_activity

        or
        internal_financial_activity_conducted_by_grandfathered_savings_and_loan_holding_company_or_affiliate

        or activity_is_internal_treasury_investment_or_employee_benefit_function

grandfathered_internal_financial_activity_may_continue

Derived(B) in text ↖

source: 12 USC 1467b(b)(2)(B)

- name: grandfathered_internal_financial_activity_may_continue
  kind: derived
  entity: Activity
  dtype: Judgment
  period: Day
  source: 12 USC 1467b(b)(2)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/12/1467b
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1467b
            excerpt: at least ⅔ of the assets or ⅔ of the revenues
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        internal_financial_activity

        and
        grandfathered_unitary_savings_and_loan_holding_company_engaged_in_activity_during_required_lookback_year

        and (
          activity_assets_from_or_attributable_to_company_fraction >= grandfathered_internal_financial_activity_attribution_fraction
          or activity_revenues_from_or_attributable_to_company_fraction >= grandfathered_internal_financial_activity_attribution_fraction
        )

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us/statute/12/1467b/b/2 — Internal financial activities · Axiom

Internal financial activities

2 rules

Official source

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Whole section

Encodings · 2

grandfathered_internal_financial_activity_attribution_fraction12 USC § 1467b (b)(2) (B) · parameter

12 USC 1467b(b)(2)(B)

name: grandfathered_internal_financial_activity_attribution_fraction
kind: parameter
dtype: Rate
source: 12 USC 1467b(b)(2)(B)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us/statute/12/1467b
          excerpt: at least ⅔ of the assets or ⅔ of the revenues
versions:
  - effective_from: '0001-01-01'
    formula: 2 / 3

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grandfathered_internal_financial_activity_may_continue12 USC § 1467b (b)(2) (B) · derived

12 USC 1467b(b)(2)(B)

name: grandfathered_internal_financial_activity_may_continue
kind: derived
entity: Activity
dtype: Judgment
period: Day
source: 12 USC 1467b(b)(2)(B)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us/statute/12/1467b
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us/statute/12/1467b
          excerpt: at least ⅔ of the assets or ⅔ of the revenues
versions:
  - effective_from: '0001-01-01'
    formula: >-
      internal_financial_activity

      and
      grandfathered_unitary_savings_and_loan_holding_company_engaged_in_activity_during_required_lookback_year

      and (
        activity_assets_from_or_attributable_to_company_fraction >= grandfathered_internal_financial_activity_attribution_fraction
        or activity_revenues_from_or_attributable_to_company_fraction >= grandfathered_internal_financial_activity_attribution_fraction
      )

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▸rulespec code

Shown source

statutes/12/1467b.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/12/1467b; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

grandfathered_internal_financial_activity_attribution_fraction

Parameter(B) in text ↖

source: 12 USC 1467b(b)(2)(B)

- name: grandfathered_internal_financial_activity_attribution_fraction
  kind: parameter
  dtype: Rate
  source: 12 USC 1467b(b)(2)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1467b
            excerpt: at least ⅔ of the assets or ⅔ of the revenues
  versions:
    - effective_from: '0001-01-01'
      formula: 2 / 3

internal_financial_activity

Derived

source: 12 USC 1467b(a)

- name: internal_financial_activity
  kind: derived
  entity: Activity
  dtype: Judgment
  period: Day
  source: 12 USC 1467b(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/12/1467b
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        otherwise_internal_financial_activity

        or
        internal_financial_activity_conducted_by_grandfathered_savings_and_loan_holding_company_or_affiliate

        or activity_is_internal_treasury_investment_or_employee_benefit_function

grandfathered_internal_financial_activity_may_continue

Derived(B) in text ↖

source: 12 USC 1467b(b)(2)(B)

- name: grandfathered_internal_financial_activity_may_continue
  kind: derived
  entity: Activity
  dtype: Judgment
  period: Day
  source: 12 USC 1467b(b)(2)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/12/1467b
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1467b
            excerpt: at least ⅔ of the assets or ⅔ of the revenues
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        internal_financial_activity

        and
        grandfathered_unitary_savings_and_loan_holding_company_engaged_in_activity_during_required_lookback_year

        and (
          activity_assets_from_or_attributable_to_company_fraction >= grandfathered_internal_financial_activity_attribution_fraction
          or activity_revenues_from_or_attributable_to_company_fraction >= grandfathered_internal_financial_activity_attribution_fraction
        )