Assertion: bank's subsidiary | /r/HasProperty | financial
Facets:
Source sentences:
text: (5) Except for a subsidiary of a bank that is considered a financial subsidiary under paragraph (a)(6) of this section solely because the subsidiary engages in the sale of insurance as agent or broker in a manner that is not permitted for national banks, sections 23A and 23B of the Federal Reserve Act (12 U.S.C. 371c and 371c-1), as implemented by Regulation W, 12 CFR part 223, apply to transactions involving a financial subsidiary in the following manner:
text: A national bank may, directly or indirectly, control a financial subsidiary or hold an interest in a financial subsidiary only if:
text: The following safeguards apply to a national bank that establishes or maintains a financial subsidiary:
text: The following safeguards apply to a national bank that establishes or maintains a financial subsidiary:
text: (1) For purposes of determining regulatory capital the national bank may not consolidate the assets and liabilities of a financial subsidiary with those of the bank and must deduct the aggregate amount of its outstanding equity investment, including retained earnings, in its financial subsidiaries from regulatory capital as provided by § 3.22(a)(7) of this chapter;