Act of June 13, 1933, ch. 64, sec. 2 (as amended)

DEFINITIONS.

Year: 2022Length: 264 wordsOfficial source
SEC. 2. [12 U.S.C. 1462] DEFINITIONS. For purposes of this Act— (1) Corporation.—The term “Corporation” means the Federal Deposit Insurance Corporation. (2) Savings association.—The term “savings association” means a savings association, as defined in section 3 of the Federal Deposit Insurance Act, the deposits of which are insured by the Corporation. (3) Federal savings association.—The term “Federal savings association” means a Federal savings association or a Federal savings bank chartered under section 5 of this Act. (4) National bank.—The term “national bank” has the same meaning as in section 3 of the Federal Deposit Insurance Act. (5) Federal banking agencies.—The term “Federal banking agencies” means the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation. (6) State.—The term “State” has the same meaning as in section 3 of the Federal Deposit Insurance Act. (7) Affiliate.—The term “affiliate” means any person that controls, is controlled by, or is under common control with, a savings association, except as provided in section 10. (8) Board.—The term “Board”, other than in the context of the Board of Directors of the Corporation, means the Board of Governors of the Federal Reserve System. (9) Comptroller.—The term “Comptroller” means the Comptroller of the Currency. (10) Appropriate federal banking agency.—The term “appropriate Federal banking agency” has the same meaning as in section 3(q) of the Federal Deposit Insurance Act (12 U.S.C. 1813(q)). (11) Functionally regulated subsidiary.—The term “functionally regulated subsidiary” has the same meaning as in section 5(c)(5) of the Bank Holding Company Act of 1956 (12 U.S.C. 1844(c)(5)).
Cross-references to the US Code
12 U.S.C. 1462
Act of June 13, 1933, ch. 64, sec. 2 (as amended): DEFINITIONS. | Justis AI