Concentration limits

Official source

(A) Nationwide concentration limits The Board may not approve an application pursuant to paragraph (1)(A) if the applicant (including all insured depository institutions which are affiliates of the applicant) controls, or upon consummation of the acquisition for which such application is filed would control, more than 10 percent of the total amount of deposits of insured depository institutions in the United States.

(B) Statewide concentration limits other than with respect to initial entries The Board may not approve an application pursuant to paragraph (1)(A) if— (i) immediately before the consummation of the acquisition for which such application is filed, the applicant (including any insured depository institution affiliate of the applicant) controls any insured depository institution or any branch of an insured depository institution in the home State of any bank to be acquired or in any host State in which any such bank maintains a branch; and (ii) the applicant (including all insured depository institutions which are affiliates of the applicant), upon consummation of the acquisition, would control 30 percent or more of the total amount of deposits of insured depository institutions in any such State.

(C) Effectiveness of State deposit caps No provision of this subsection shall be construed as affecting the authority of any State to limit, by statute, regulation, or order, the percentage of the total amount of deposits of insured depository institutions in the State which may be held or controlled by any bank or bank holding company (including all insured depository institutions which are affiliates of the bank or bank holding company) to the extent the application of such limitation does not discriminate against out-of-State banks, out-of-State bank holding companies, or subsidiaries of such banks or holding companies.

(D) Exceptions to subparagraph (B) The Board may approve an application pursuant to paragraph (1)(A) without regard to the applicability of subparagraph (B) with respect to any State if— (i) there is a limitation described in subparagraph (C) in a State statute, regulation, or order which has the effect of permitting a bank or bank holding company (including all insured depository institutions which are affiliates of the bank or bank holding company) to control a greater percentage of total deposits of all insured depository institutions in the State than the percentage permitted under subparagraph (B); or (ii) the acquisition is approved by the appropriate State bank supervisor of such State and the standard on which such approval is based does not have the effect of discriminating against out-of-State banks, out-of-State bank holding companies, or subsidiaries of such banks or holding companies.

(E) “Deposit” defined For purposes of this paragraph, the term “deposit” has the same meaning as in section 1813( l ) of this title.

Concentration limits

Official source

(E) “Deposit” defined For purposes of this paragraph, the term “deposit” has the same meaning as in section 1813( l ) of this title.

- name: voting_share_prior_approval_threshold kind: parameter dtype: Rate source: 12 USC 1842(a) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/12/1842 excerpt: more than 5 per centum of the voting shares versions: - effective_from: '0001-01-01' formula: '0.05'

- name: debt_collection_share_disposition_period_years kind: parameter dtype: Count source: 12 USC 1842(a) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/12/1842 excerpt: disposed of within a period of two years versions: - effective_from: '0001-01-01' formula: '2'

- name: board_extension_period_limit_years kind: parameter dtype: Count source: 12 USC 1842(a) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/12/1842 excerpt: for not more than one year at a time versions: - effective_from: '0001-01-01' formula: '1'

- name: aggregate_extension_limit_years kind: parameter dtype: Count source: 12 USC 1842(a) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/12/1842 excerpt: no such extension shall in the aggregate exceed three years versions: - effective_from: '0001-01-01' formula: '3'

- name: post_acquisition_retention_application_period_days kind: parameter dtype: Count source: 12 USC 1842(a) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/12/1842 excerpt: application filed within ninety days after the shares are acquired versions: - effective_from: '0001-01-01' formula: '90'

- name: supervisory_views_submission_period_days kind: parameter dtype: Count source: 12 USC 1842(b) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/12/1842 excerpt: within thirty calendar days of the date on which notice is given versions: - effective_from: '0001-01-01' formula: '30'

- name: emergency_views_submission_period_days kind: parameter dtype: Count source: 12 USC 1842(b) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/12/1842 excerpt: >- within ten calendar days of such date if the Board advises ... that an emergency exists versions: - effective_from: '0001-01-01' formula: '10'

- name: hearing_notice_after_disapproval_period_days kind: parameter dtype: Count source: 12 USC 1842(b) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/12/1842 excerpt: Within three days after giving such notice to the applicant versions: - effective_from: '0001-01-01' formula: '3'

- name: hearing_commencement_minimum_days kind: parameter dtype: Count source: 12 USC 1842(b) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/12/1842 excerpt: commenced not less than ten nor more than thirty days versions: - effective_from: '0001-01-01' formula: '10'

- name: hearing_commencement_maximum_days kind: parameter dtype: Count source: 12 USC 1842(b) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/12/1842 excerpt: commenced not less than ten nor more than thirty days versions: - effective_from: '0001-01-01' formula: '30'

- name: deemed_grant_action_period_days kind: parameter dtype: Count source: 12 USC 1842(b) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/12/1842 excerpt: within the ninety-one-day period versions: - effective_from: '0001-01-01' formula: '91'

- name: anticompetitive_effects_public_interest_override_required kind: derived entity: Business dtype: Judgment period: Year source: 12 USC 1842(c) metadata: proof: atoms: - path: versions[0].formula kind: predicate source: corpus_citation_path: us/statute/12/1842 versions: - effective_from: '0001-01-01' formula: |- proposed_transaction_may_substantially_lessen_competition or proposed_transaction_may_tend_to_create_monopoly or proposed_transaction_would_otherwise_restrain_trade

- name: bank_stock_loan_maturity_safe_harbor_years kind: parameter dtype: Count source: 12 USC 1842(c) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/12/1842 excerpt: a bank stock loan which is for a period of not more than twenty-five years versions: - effective_from: '0001-01-01' formula: '25'

- name: bank_stock_loan_case_by_case_maturity_years kind: parameter dtype: Count source: 12 USC 1842(c) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/12/1842 excerpt: having a maturity of twelve years or more on a case by case basis versions: - effective_from: '0001-01-01' formula: '12'

- name: host_state_age_law_federal_override_years kind: parameter dtype: Count source: 12 USC 1842(d) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/12/1842 excerpt: in existence for at least 5 years versions: - effective_from: '0001-01-01' formula: '5'

- name: nationwide_deposit_concentration_limit kind: parameter dtype: Rate source: 12 USC 1842(d) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/12/1842 excerpt: more than 10 percent of the total amount of deposits versions: - effective_from: '0001-01-01' formula: '0.10'

- name: statewide_deposit_concentration_limit kind: parameter dtype: Rate source: 12 USC 1842(d) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/12/1842 excerpt: would control 30 percent or more of the total amount of deposits versions: - effective_from: '0001-01-01' formula: '0.30'

- name: insured_depository_institution_status_required kind: derived entity: Business dtype: Judgment period: Year source: 12 USC 1842(e) metadata: proof: atoms: - path: versions[0].formula kind: predicate source: corpus_citation_path: us/statute/12/1842 versions: - effective_from: '0001-01-01' formula: |- business_is_bank_holding_company or business_is_bank_subsidiary_of_bank_holding_company

- name: mutual_bank_holding_company_reorganization_authorized kind: derived entity: Business dtype: Judgment period: Year source: 12 USC 1842(g) metadata: proof: atoms: - path: versions[0].formula kind: predicate source: corpus_citation_path: us/statute/12/1842 versions: - effective_from: '0001-01-01' formula: |- business_is_savings_bank_or_cooperative_bank and business_operates_in_mutual_form and reorganization_forms_holding_company