18.5—Alternative annual disclosure statements.
The § 18.3(a) requirement to prepare an annual disclosure statement is satisfied:
(a)
In the case of a national bank having a class of securities registered pursuant to section 12 of the Securities Exchange Act of 1934 (15 U.S.C. 78l ), by its annual report to security holders for meetings at which directors are to be elected;
(b)
In the case of a national bank with audited financial statements, by those statements, provided all of the required information is included;
(c)
In the case of a bank subsidiary of a one-bank holding company, by an annual report of the one-bank holding company prepared in conformity with the regulations of the Securities and Exchange Commission or by schedules from the holding company's consolidated financial statements on Form FR Y-9c pursuant to Regulation Y of the Federal Reserve Board ( 12 CFR part 225 ). Such schedules must be comparable to the Call Report schedules enumerated in § 18.4(a). In either case, not less than 95 percent of the holding company's consolidated total assets and total liabilities must be attributable to the bank and the bank's subsidiaries.