12 CFR § 242.4 - Significant nonbank financial companies and significant bank holding companies.

---
identifier: "/us/cfr/t12/s242.4"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 242.4 - Significant nonbank financial companies and significant bank holding companies."
title_number: 12
title_name: "Banks and Banking"
section_number: "242.4"
section_name: "Significant nonbank financial companies and significant bank holding companies."
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "A"
subchapter_name: "BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM"
part_number: "242"
part_name: "DEFINITIONS RELATING TO TITLE I OF THE DODD-FRANK ACT (REGULATION PP)"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 5311."
regulatory_source: "78 FR 20776, Apr. 5, 2013, unless otherwise noted."
cfr_part: "242"
---


# 242.4 Significant nonbank financial companies and significant bank holding companies.

For purposes of Title I of the Dodd-Frank Act, the following definitions shall apply:

(a) *Significant nonbank financial company.* A “significant nonbank financial company” means—

(1) Any nonbank financial company supervised by the Board; and

(2) Any other nonbank financial company that had $100 billion or more in total consolidated assets (as determined in accordance with applicable accounting standards) as of the end of its most recently completed fiscal year.

(b) *Significant bank holding company.* A “significant bank holding company” means any bank holding company or company that is, or is treated in the United States as, a bank holding company, that had $100 billion or more in total consolidated assets as of the end of the most recently completed calendar year, as reported on either the Federal Reserve's FR Y-9C (Consolidated Financial Statement for Holding Companies), or any successor form thereto, or the Federal Reserve's Form FR Y-7Q (Capital and Asset Report for Foreign Banking Organizations), or any successor form thereto.

[84 FR 59096, Nov. 1, 2019]