(b)Bank means an existing national bank, a national bank in organization, or a Federal branch or agency of a foreign bank.
(c)Commission means the Securities and Exchange Commission. When used in the rules, regulations, or forms of the Commission referred to in this part, the term “Commission” shall be deemed to refer to the OCC.
(e)Exchange Act means the Securities Exchange Act of 1934 (15 U.S.C. 78a through 78jj).
(f)Insured depository institution means the same as in section 3(c)(2) of the Federal Deposit Insurance Act (12 U.S.C. 1813(c)(2)).
(g)Investment grade means the issuer of a security has an adequate capacity to meet financial commitments under the security for the projected life of the asset or exposure. An issuer has an adequate capacity to meet financial commitments if the risk of default by the obligor is low and the full and timely repayment of principal and interest is expected.
(h)Issuer means a bank that issues or proposes to issue any security.
(i)Nonconvertible debt means a general obligation of the bank, whether senior or subordinated, that is not convertible into any class of common or preferred stock or any derivative thereof.
(j)OCC means the Office of the Comptroller of the Currency.