; (ii) the provision or rule is unnecessary or unwarranted in order to promote the safety and soundness of the savings association; and (iii) the exemption is necessary, appropriate, or consistent with the public interest. (E) Indexation of asset threshold The asset threshold identified in subparagraph (B) shall be increased annually at a percentage equal to the percentage change in the total aggregate assets of insured depository institutions for each 12-month period ending in December of each year, rounded to the nearest $10,000,000. . 4. Exemptive authority for the Board of Governors of the Federal Reserve system (a) Exemptive authority with respect to State member banks Section 11 of the Federal Reserve Act ( 12 U.S.C. 248 ) is amended— (1) by redesignating the second subsection (s) (relating to assessments, fees, and other charges for certain companies) as subsection (t); and (2) by adding at the end the following: (u) Exemptive authority (1) Definition In this section, the term insured depository institution has the meaning given the term in section 3(c) of the Federal Deposit Insurance Act ( 12 U.S.C. 1813(c) ). (2) Exemption Notwithstanding any other provision of law, the Board, after considering the factors in paragraph (4), may exempt by rule any State member bank having less than $10,000,000,000 in total assets from— (A) any provision of this Act; (B) any rule promulgated under this Act; or (C) any rule promulgated under any other Act that confers authority on the Board. (3) Conditions The Board may impose conditions on an exemption granted under paragraph (2). (4) Factors to consider In granting an exemption under paragraph (2), the Board shall consider, as appropriate, the extent to which— (A) the provision or rule would impose an unnecessary or undue burden or cost on the State member bank; (B) the provision or rule is unnecessary or unwarranted in order to promote the safety and soundness of the State member bank