The Financial Stability Oversight Council unanimously approved the attached resolution by 

notational vote on August 19, 2014.
RESOLUTION APPROVING THE COMPLETION OF THE EVIDENTIARY RECORD 

REGARDING A NONBANK FINANCIAL COMPANY

WHEREAS, section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act 

(the “DFA”) authorizes the Financial Stability Oversight Council (the “Council”) to determine 

that a nonbank financial company shall be supervised by the Board of Governors of the Federal 

Reserve System (the “Federal Reserve”) and shall be subject to enhanced prudential standards if 

the Council determines that material financial distress at the nonbank financial company, or the 

nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the 

nonbank financial company, could pose a threat to the financial stability of the United States; and 

WHEREAS, the Council issued a final rule and accompanying interpretive guidance (the “Rule 

and Guidance”), codified at 12 C.F.R. Part 1310, that describes the criteria and the processes and 

procedures by which the Council will determine that a nonbank financial company shall be 

supervised by the Federal Reserve and shall be subject to enhanced prudential standards under 

the DFA; and

WHEREAS, the Rule and Guidance describes a three-stage process that the Council expects to 

use for evaluating a nonbank financial company prior to a Council vote on a proposed 

determination; and 

WHEREAS, the staffs of the Council Members and their Agencies have evaluated a nonbank 

financial company that the Council previously advanced to stage 3, in accordance with the DFA 

and the Rule and Guidance; and 
WHEREAS, in stage 3, the Council provided the nonbank financial company an opportunity to 

submit written materials to the Council to contest the Council’s consideration of the nonbank 

financial company for a proposed determination, and the Office of Financial Research, on behalf 

of the Council, requested the submission of information about the nonbank financial company to 

assist in the Council’s analysis; and

WHEREAS, the nonbank financial company submitted written materials and information to the 

Council and the Office of Financial Research, and the staffs of the Council Members and their 

Agencies have analyzed such materials and information; and

WHEREAS, the staffs of the Council Members and their Agencies recommend that the Council 

deem its evidentiary record regarding the nonbank financial company to be complete, in 

accordance with the Rule and Guidance (12 C.F.R. § 1310.21(a)(3)).

NOW, THEREFORE, BE IT RESOLVED, that the Council hereby deems its evidentiary record 

regarding a nonbank financial company (identified in an attachment hereto) to be complete in 

accordance with the Rule and Guidance (12 C.F.R. § 1310.21(a)(3)).

BE IT FURTHER RESOLVED, that the Council hereby approves the attached notification letter

regarding the completion of the evidentiary record and authorizes the letter to be sent to the

nonbank financial company identified in the attachment hereto.
BE IT FURTHER RESOLVED, that the Council hereby delegates authority to the Chairperson, 

or his designee, to make technical, nonsubstantive, or conforming changes to the text of the 

attached notification letter.