Pub. L. 98-181, tit. IX, sec. 903 (as amended)

definitions

Year: 2010Length: 209 wordsOfficial source
definitions Sec. 903. [12 U.S.C. 3902] For purposes of this title— (1) the term “appropriate Federal banking agency” has the same meaning given such term in section 3(q) of the Federal Deposit Insurance Act, except that for purposes of this title such term means the Board of Governors of the Federal Reserve System for— (A) bank holding companies and any nonbank subsidiary thereof; (B) Edge Act corporations organized under section 25(a) of the Federal Reserve Act; and (C) Agreement Corporations operating under section 25 of the Federal Reserve Act; and (2) the term “banking institution” means— (A)(i) an insured bank as defined in section 3(h) of the Federal Deposit Insurance Act or any subsidiary of an insured bank; (ii) an Edge Act corporation organized under section 25(a) of the Federal Reserve Act; and (iii) an Agreement Corporation operating under section 25 of the Federal Reserve Act; and (B) to the extent determined by the appropriate Federal banking agency, any agency or branch of a foreign bank, and any commercial lending company owned or controlled by one or more foreign banks or companies that control a foreign bank as those terms are defined in the International Banking Act of 1978. The term “banking institution” shall not include a foreign bank.
Cross-references to the US Code
12 U.S.C. 3902
Pub. L. 98-181, tit. IX, sec. 903 (as amended): definitions | Justis AI