(a) Measurement of average total consolidated assets for a covered institution. A covered institution’s average total consolidated assets is calculated as the average of the covered institution’s total consolidated assets, as reported on the covered institution’s Call Reports, for the four most recent consecutive quarters. If the covered institution has not filed a Call Report for each of the four most recent consecutive quarters, the covered institution’s average total consolidated assets is calculated as the average of the covered institution’s total consolidated assets, as reported on the covered institution’s Call Reports, for the most recent one or more consecutive quarters. The date on which a national bank or Federal savings association becomes a covered institution shall be the as-of date of the most recent Call Report used in the calculation of the average.
CFR 12-46.3-2014 history
2014CFR 12-46.3-2014 Banks and Banking. Part46:Annual stress test. Section46.3:Applicability.