The proposed rule and attached guidance describe the manner in which the Financial Stability Oversight Council (“Council”) intends to apply the statutory standards and considerations, and the processes and procedures that the Council intends to follow, in making determinations under section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010. The Council issued an advance notice of proposed rulemaking on October 6, 2010, and a notice of proposed rulemaking on January 26, 2011, regarding determinations under section 113.