Parent company reports

The Board, may from time to time, examine and require reports under oath from a grandfathered unitary savings and loan holding company that controls an intermediate holding company, and from the appropriate officers or directors of such company, solely for purposes of ensuring compliance with the provisions of this section, including assessing the ability of the company to serve as a source of strength to its subsidiary intermediate holding company as required under paragraph (3) and enforcing compliance with such requirement.

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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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Parent company reports

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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
        )