; (C) with respect to a covered financial institution with $50,000,000,000 or more, but less than $250,000,000, in consolidated assets, 6 years beginning on the date the compensation is deferred; and (D) with respect to a covered financial institution with $250,000,000,000 or more in consolidated assets, 8 years beginning on the date the compensation is deferred. (5) Covered financial institution The term covered financial institution means a financial institution with more than $1,000,000,000 in consolidated assets. (6) Financial institution The term financial institution means— (A) a depository institution or depository institution holding company, as such terms are defined, respectively, in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 ); (B) a broker or a dealer registered under section 15 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78o ); (C) a credit union, as described in section 19(b)(1)(A)(iv) of the Federal Reserve Act; (D) an investment adviser, as defined in section 202(a) of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–2(a) ); (E) the Federal National Mortgage Association; and (F) the Federal Home Loan Mortgage Corporation. (7) Senior employee The term senior employee means an employee of a covered financial institution or a subsidiary of the covered financial institution who— (A) is a senior executive officer; (B) has total annual compensation of more than $1,000,000; (C) with respect to a covered financial institution with $50,000,000,000 or more, but less than $250,000,000— (i) is in the top 2 percent of the most highly compensated employees in the consolidated financial institution; or (ii) has the authority to commit or expose 0.5 percent or more of the capital of the consolidated financial institution; or (D) with respect to a covered financial institution with $250,000,000,000 or more in consolidated assets— (i) is in the top 5 percent of the most highly compensated employees in the consolidated financial institution