The Financial Stability Oversight Council unanimously approved the attached resolution by 

notational vote on May 24, 2013.
RESOLUTION APPROVING THE COMPLETION OF THE EVIDENTIARY 

RECORD REGARDING A SET OF NONBANK FINANCIAL COMPANIES

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 set of nonbank financial companies 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 set of nonbank financial 

companies an opportunity to submit written materials to the Council to contest the 

Council’s consideration of the nonbank financial companies for a proposed 

determination, and the Office of Financial Research, on behalf of the Council, 

requested the submission of information about the nonbank financial companies to 

assist in the Council’s analysis; and

WHEREAS, the set of nonbank financial companies 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 set of nonbank financial 

companies 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 set of nonbank financial companies (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 form of the 

attached notification letter regarding the completion of the evidentiary record and 

authorizes a letter in such form to be sent to each 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.