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Definition

1 rule0 of 3 subsections

For purposes of this section:

(1) Financial activities

(1)Financial activities#

The term “financial activities” means activities described in clauses (i) and (ii) of section 1467a(c)(9)(A) of this title .

(2)Grandfathered unitary savings and loan holding company#

The term “grandfathered unitary savings and loan holding company” means a company described in section 1467a(c)(9)(C) of this title .

(3)Internal financial activities#

The term “internal financial activities” includes—

(A) internal financial activities conducted by a grandfathered savings and loan holding company or any affiliate; and

(B) internal treasury, investment, and employee benefit functions.

in view

Whole section

Encodings · 1

internal_financial_activity12 USC § 1467b (a) · derived

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

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▸rulespec code

Shown source

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
        )

▸citations (2)

References

This rule cites 2 other rules.

12 USC § 1467a (c)(9)(A)inferredUS Federal › Statutes › Title 12 › § 1467a › (c)(9)(A)
12 USC § 1467a (c)(9)(C)inferredUS Federal › Statutes › Title 12 › § 1467a › (c)(9)(C)

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us/statute/12/1467b/a — Definition · Axiom

Definition

1 rule0 of 3 subsections

Official source

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For purposes of this section:

(1) Financial activities

(1)Financial activities#

The term “financial activities” means activities described in clauses (i) and (ii) of section 1467a(c)(9)(A) of this title .

(2)Grandfathered unitary savings and loan holding company#

The term “grandfathered unitary savings and loan holding company” means a company described in section 1467a(c)(9)(C) of this title .

(3)Internal financial activities#

The term “internal financial activities” includes—

(A) internal financial activities conducted by a grandfathered savings and loan holding company or any affiliate; and

(B) internal treasury, investment, and employee benefit functions.

in view

Whole section

Encodings · 1

internal_financial_activity12 USC § 1467b (a) · derived

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

open in graph ↗

▸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

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
        )

▸citations (2)

References

This rule cites 2 other rules.

12 USC § 1467a (c)(9)(A)inferredUS Federal › Statutes › Title 12 › § 1467a › (c)(9)(A)
12 USC § 1467a (c)(9)(C)inferredUS Federal › Statutes › Title 12 › § 1467a › (c)(9)(C)