Agency

Agency means any place of business of a foreign bank, located in any state, at which credit balances are maintained, checks are paid, money is lent, or, to the extent not prohibited by state or federal law, deposits are accepted from a person or entity that is not a citizen or resident of the United States. Obligations shall not be considered credit balances unless they are:






Source

12 CFR § 211.21


Scoping language

The definitions contained in 211.1 and 211.2 apply to this subpart, except as a term is otherwise defined in this section:

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