{"data":{"id":"us/12-cfr-354.1","jurisdiction":"us","citation":"12 CFR 354.1","heading":"Scope.","body":"(a) In addition to the applicable filing procedures of part 303 of this chapter, this part establishes certain requirements for filings involving an industrial bank or a Covered Company.\n(b) The requirements of this part do not apply to an industrial bank that is organized as a subsidiary of a company that is not subject to Federal consolidated supervision by the Federal Reserve Board (FRB) before April 1, 2021. In addition, this part does not apply to:\n(1) Any industrial bank that is or becomes controlled by a company that is subject to Federal consolidated supervision by the FRB; and\n(2) Any industrial bank that is not or will not become a subsidiary of a company.","path":["Title 12—Banks and Banking","CHAPTER III—FEDERAL DEPOSIT INSURANCE CORPORATION","SUBCHAPTER B—REGULATIONS AND STATEMENTS OF GENERAL POLICY","PART 354—INDUSTRIAL BANKS"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"654946fb3897154f81f06fc59b32dec90ccc621c90539645ee8d7460e8d328f6","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-353.3","next":"us/12-cfr-354.2"},"notice":"GroundRules: Original legal text. Not legal advice."}