‘‘(2) CONSOLIDATED
ASSETS
DEFINED.—For
purposes of this subsection, the term ‘consolidated
depository institution assets’ means, with respect to
any calendar year, the total assets of all insured de-
pository institutions controlled by a depository insti-
tution holding company on average for the last day
of each quarter of the preceding calendar year;
‘‘(3) DETERMINATION OF PRINCIPAL DEPOSI-
TORY INSTITUTION SUBSIDIARY.—
‘‘(A) PRINCIPAL DEPOSITORY INSTITUTION
SUBSIDIARY DEFINED.—The term ‘principal de-
pository institution subsidiary’ means, with re-
spect to any year—
‘‘(i) the depository institution subsidi-
ary of a bank holding company that has
the greatest dollar amount of assets, on av-
erage, as of the last day of each quarter of
the preceding calendar year; and
‘‘(ii) in the case of a foreign bank that
is a bank holding company, the depository
institution, branch, agency, or commercial
lending company controlled or operated by
a foreign bank in the United States that
has the greatest dollar amount of assets,
on average, as of the last day of each
quarter of the preceding calendar year.
‘‘(B) RULE IN CASE OF MULTIPLE DEPOSI-
TORY INSTITUTION SUBSIDIARIES OF SIMILAR
SIZE.—If a depository institution holding com-
pany controls 2 or more depository institutions
which have substantially equal dollar amounts
of assets and such depository institutions are
not regulated by the same Federal banking
agency, the principal depository institution sub-
sidiary, for purposes of this subsection, shall be
the depository institution which has the great-
est dollar amount of deposits, on average, for
the last day of each quarter of the preceding
calendar year.
‘‘(4) CALCULATIONS.—All determinations re-
garding equity capital or assets, as appropriate, shall
be made based upon those amounts on the last day
of each of the four quarters over the preceding
calendar year.
‘‘(5) EVALUATION.—The appropriate Federal
banking agency shall evaluate the principal bank
subsidiary and the consolidated assets of the deposi-
tory institution holding company, as the cases may
be, as defined in paragraphs (1), (2), and (3) by
January 1, 1995, and every 5 years thereafter for
the purpose of determining whether a transfer to the
other appropriate Federal banking agency is
necessary.
‘‘(6) TRANSFER.—
‘‘(A) IN GENERAL.—In any case in which
the appropriate Federal banking agency has
changed after evaluation, notice shall be given
to the new appropriate Federal banking agency
within 30 days after evaluation.
‘‘(B) EXAMINATION
AND
OTHER
RE-
PORTS.—A copy of the examination reports and
any other reports required to be filed by the
depository institution holding company pursu-
ant to the Bank Holding Company Act of 1956
or section 10 of the Home Owners’ Loan Act
for the prior 2 years shall be provided to the
new appropriate Federal banking agency when
notice is provided to such agency.
‘‘(C) REGULATION
AND
SUPERVISION.—
Regulation and supervision of the depository in-
stitution holding company shall be transferred
to the new appropriate Federal banking agency
no later than 90 days after notice has been
provided.
‘‘(7) COST-OF-LIVING ADJUSTMENT.—
‘‘(A) IN
GENERAL.—Paragraph (1) shall
be applied in any year beginning after Decem-
ber 
31, 
1994, 
by 
increasing 
the
$25,000,000,000 amount in any subparagraph
of such paragraph by the cost-of-living adjust-
ment for the year.
‘‘(B) COST-OF-LIVING ADJUSTMENT.—For
purposes of subparagraph (A), the cost-of-living
adjustment for any year is the percentage, if
any, by which—
‘‘(i) the CPI for the preceding year,
exceeds the CPI for 1993.
‘‘(C) CPI FOR ANY YEAR.—For purposes
of subparagraph (B), the CPI for any year is
the average of the last Consumer Price Index
for all-urban consumers published by the De-
partment of Labor during the 12-month period
ending on August 31 of such year.’’.
(b) EFFECTIVE DATE.—The amendment made by
subsection (a) shall take effect on January 1, 1995.