12 CFR §238.10

1. (a)General. A banking organization with average total consolidated assets of $100 billion or more must determine its category among the three categories described in paragraphs (b) through (d) of this section at least quarterly.
2. (b)Category II.
   1. (1)A banking organization is a Category II banking organization if the banking organization has:
      1. (i)$700 billion or more in average total consolidated assets; or
      2. (ii)
         1. (A)$75 billion or more in average cross-jurisdictional activity; and
         2. (B)$100 billion or more in average total consolidated assets.
   2. (2)After meeting the criteria in paragraph (b)(1) of this section, a banking organization continues to be a Category II banking organization until the banking organization has:
      1. (i)
         1. (A)Less than $700 billion in total consolidated assets for each of the four most recent calendar quarters; and
         2. (B)Less than $75 billion in cross-jurisdictional activity for each of the four most recent calendar quarters; or
      2. (ii)Less than $100 billion in total consolidated assets for each of the four most recent calendar quarters.
3. (c)Category III.
   1. (1)A banking organization is a Category III banking organization if the banking organization:
      1. (i)Has:
         1. (A)$250 billion or more in average total consolidated assets; or
         2. (B)$100 billion or more in average total consolidated assets and at least:
            1. (1)$75 billion in average total nonbank assets;
            2. (2)$75 billion in average weighted short-term wholesale funding; or
            3. (3)$75 billion in average off-balance sheet exposure; and
      2. (ii)Is not a Category II banking organization.
   2. (2)After meeting the criteria in paragraph (c)(1) of this section, a banking organization continues to be a Category III banking organization until the banking organization:
      1. (i)Has:
         1. (A)Less than $250 billion in total consolidated assets for each of the four most recent calendar quarters;
         2. (B)Less than $75 billion in total nonbank assets for each of the four most recent calendar quarters;
         3. (C)Less than $75 billion in weighted short-term wholesale funding for each of the four most recent calendar quarters; and
         4. (D)Less than $75 billion in off-balance sheet exposure for each of the four most recent calendar quarters; or
      2. (ii)Has less than $100 billion in total consolidated assets for each of the four most recent calendar quarters; or
      3. (iii)Meets the criteria in paragraph (b)(1) of this section to be a Category II banking organization.
4. (d)Category IV.
   1. (1)A banking organization with average total consolidated assets of $100 billion or more is a Category IV banking organization if the banking organization:
      1. (i)Is not a Category II banking organization; and
      2. (ii)Is not a Category III banking organization.
   2. (2)After meeting the criteria in paragraph (d)(1) of this section, a banking organization continues to be a Category IV banking organization until the banking organization:
      1. (i)Has less than $100 billion in total consolidated assets for each of the four most recent calendar quarters;
      2. (ii)Meets the criteria in paragraph (b)(1) of this section to be a Category II banking organization; or
      3. (iii)Meets the criteria in paragraph (c)(1) of this section to be a Category III banking organization.