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Source of strength

A grandfathered unitary savings and loan holding company that directly or indirectly controls an intermediate holding company established under this section shall serve as a source of strength to its subsidiary intermediate holding company.

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statutes/12/1467b.yaml

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Rules

grandfathered_internal_financial_activity_attribution_fraction

Parameter

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

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/3 — Source of strength · Axiom

Source of strength

Official source

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Whole section

▸rulespec code

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statutes/12/1467b.yaml

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

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Rules

grandfathered_internal_financial_activity_attribution_fraction

Parameter

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

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
        )