12 USC § 2902 - Definitions
For the purposes of this chapter—
(1)
the term “appropriate Federal financial supervisory agency” means—
(2)
[1]
section
1818 of this title, by the Director of the Office of Thrift Supervision, in the case of a savings association (the deposits of which are insured by the Federal Deposit Insurance Corporation) and a savings and loan holding company;
(2)
the term “regulated financial institution” means an insured depository institution (as defined in section
1813 of this title); and
(3)
the term “application for a deposit facility” means an application to the appropriate Federal financial supervisory agency otherwise required under Federal law or regulations thereunder for—
(B)
deposit insurance in connection with a newly chartered State bank, savings bank, savings and loan association or similar institution;
(C)
the establishment of a domestic branch or other facility with the ability to accept deposits of a regulated financial institution;
(E)
the merger or consolidation with, or the acquisition of the assets, or the assumption of the liabilities of a regulated financial institution requiring approval under section
1828
(c) of this title or under regulations issued under the authority of title IV
[2]
of the National Housing Act [12 U.S.C. 1724 et seq.]; or
(4)
A financial institution whose business predominately consists of serving the needs of military personnel who are not located within a defined geographic area may define its “entire community” to include its entire deposit customer base without regard to geographic proximity.
[1] So in original. Text reading “(2) section 1818 of this title, by the Director” probably should read “(D) the Director”.
[2] See References in Text note below.
Source
(Pub. L. 95–128, title VIII, § 803,Oct. 12, 1977, 91 Stat. 1147; Pub. L. 95–630, title XV, § 1502,Nov. 10, 1978, 92 Stat. 3713; Pub. L. 101–73, title VII, § 744(q), title XII, § 1212(a),Aug. 9, 1989, 103 Stat. 440, 526; Pub. L. 111–203, title III, § 358(1),July 21, 2010, 124 Stat. 1548.)
Amendment of Section
Pub. L. 111–203, title III, §§ 351, 358 (1),July 21, 2010, 124 Stat. 1546, 1548, provided that, effective on the transfer date, this section is amended: (1) in paragraph (1)— (A) in subparagraph (A), by inserting “and Federal savings associations (the deposits of which are insured by the Federal Deposit Insurance Corporation)” after “banks”; (B) in subparagraph (B), by substituting “, bank holding companies, and savings and loan holding companies” for “and bank holding companies”; and (C) in subparagraph (C), by substituting “, and State savings associations (the deposits of which are insured by the Federal Deposit Insurance Corporation).” for “; and”; and (2) by striking out paragraph (2) (relating to the Office of Thrift Supervision), as added by section 744(q) ofPub. L. 101–73. See Effective Date of 2010 Amendment note below.
References in Text
The National Housing Act, referred to in par. (3)(E), (F), is act June 27, 1934, ch. 847, 48 Stat. 1246, as amended. Title IV of the National Housing Act which was classified generally to subchapter IV (§ 1724 et seq.) of chapter
13 of this title, was repealed by Pub. L. 101–73, title IV, § 407,Aug. 9, 1989, 103 Stat. 363. Section 408 of the National Housing Act, which was classified to section
1730a of this title, was also repealed by section 407 ofPub. L. 101–73. For complete classification of this Act to the Code, see section
1701 of this title and Tables.
Amendments
1989—Par. (1)(D). Pub. L. 101–73, § 744(q), directed the general amendment of par. (1)(D) but then set out “(2)” followed by the text of the new provisions. Prior to amendment, par. (1)(D) read as follows: “the Federal Home Loan Bank Board with respect to institutions the deposits of which are insured by the Federal Savings and Loan Insurance Corporation and to savings and loan holding companies;”.
Par. (2). Pub. L. 101–73, § 1212(a), substituted “insured depository institution (as defined in section
1813 of this title)” for “insured bank as defined in section
1813 of this title or an insured institution as defined in section 401 of the National Housing Act”.
1978—Par. (4). Pub. L. 95–630added par. (4).
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203effective on the transfer date, see section 351 ofPub. L. 111–203, set out as a note under section
906 of Title
2, The Congress.
Effective Date of 1978 Amendment
Amendment by Pub. L. 95–630effective Nov. 10, 1978, see section 1505 ofPub. L. 95–630, set out as a note under section
27 of this title.
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The most recent Classification Table update that we have noticed was Friday, May 13, 2011
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