; and (B) shall take into account the significant differences between the risks of the assets of the institution and those of depository institutions with assets that consist primarily of commercial or consumer loans. (d) The Comptroller of the Currency may promulgate rules to carry out this section. . 704. Holding company supervision of covered depository institutions The Bank Holding Company Act of 1956 ( 12 U.S.C. 1841 et seq. ) is amended— (1) in section 2(c) ( 12 U.S.C. 1841(c) ), by striking paragraph (2) and by inserting the following: (2) Exceptions The term bank does not include a covered depository institution subject to tailored holding company supervision under section 15. ; and (2) by adding at the end the following: 15. Holding company supervision for certain depository institutions (a) Definitions In this section: (1) Appropriate banking supervisor The term appropriate banking supervisor means the Comptroller of the Currency, a State bank supervisor, in the case of a State member bank, the Board, or in the case of an insured bank, the Federal Deposit Insurance Corporation, as applicable. (2) Controlling interest The term controlling interest means a circumstance when a person, directly or indirectly, or acting through or in concert with 1 or more persons— (A) owns, controls, or has the power to vote 25 percent or more of any class of voting securities of a covered depository institution; (B) controls in any manner the election of a majority of the directors of the covered depository institution