12 CFR 308.3 - Definitions.

§ 308.3 Definitions.

For purposes of this subpart, unless explicitly stated to the contrary:

(a)Administrative law judge means one who presides at an administrative hearing under authority set forth at 5 U.S.C. 556.

(b)Adjudicatory proceeding means a proceeding conducted pursuant to these rules and leading to the formulation of a final order other than a regulation.

(c)Board of Directors or Board means the Board of Directors of the Federal Deposit Insurance Corporation or its designee.

(d)Decisional employee means any member of the Federal Deposit Insurance Corporation's or administrative law judge's staff who has not engaged in an investigative or prosecutorial role in a proceeding and who may assist the Board of Directors or the administrative law judge, respectively, in preparing orders, recommended decisions, decisions, and other documents under the Uniform Rules.

(e)Designee of the Board of Directors means officers or officials of the Federal Deposit Insurance Corporation acting pursuant to authority delegated by the Board of Directors.

(f)Enforcement Counsel means any individual who files a notice of appearance as counsel on behalf of the FDIC in an adjudicatory proceeding.

(g)Executive Secretary means the Executive Secretary of the Federal Deposit Insurance Corporation or his or her designee.

(h)FDIC means the Federal Deposit Insurance Corporation.

(i)Final order means an order issued by the FDIC with or without the consent of the affected institution or the institution-affiliated party, that has become final, without regard to the pendency of any petition for reconsideration or review.

(j)Institution includes:

(1) Any bank as that term is defined in section 3(a) of the FDIA ( 12 U.S.C. 1813(a));

(2) Any bank holding company or any subsidiary (other than a bank) of a bank holding company as those terms are defined in the BHCA ( 12 U.S.C. 1841et seq.);

(3) Any savings association as that term is defined in section 3(b) of the FDIA ( 12 U.S.C. 1813(b)), any savings and loan holding company or any subsidiary thereof (other than a bank) as those terms are defined in section 10(a) of the HOLA ( 12 U.S.C. 1467a(a));

(4) Any organization operating under section 25 of the FRA ( 12 U.S.C. 601et seq.);

(5) Any foreign bank or company to which section 8 of the IBA ( 12 U.S.C. 3106), applies or any subsidiary (other than a bank) thereof; and

(6) Any federal agency as that term is defined in section 1(b) of the IBA ( 12 U.S.C. 3101(5)).

(l)Investigation means any investigation conducted pursuant to section 10(c) of the FDIA or pursuant to section 5(d)(1)(B) of HOLA ( 12 U.S.C. 1464(d)(1)(B)).

(m)Local Rules means those rules promulgated by the FDIC in those subparts of this part other than subpart A.

(n)Office of Financial Institution Adjudication (OFIA) means the executive body charged with overseeing the administration of administrative enforcement proceedings of the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve Board (FRB), the FDIC, and the National Credit Union Administration (NCUA).

(o)Party means the FDIC and any person named as a party in any notice.

(p)Person means an individual, sole proprietor, partnership, corporation, unincorporated association, trust, joint venture, pool, syndicate, agency or other entity or organization, including an institution as defined in paragraph (j) of this section.

(q)Respondent means any party other than the FDIC.

(r)Uniform Rules means those rules in subpart A of this part that pertain to the types of formal administrative enforcement actions set forth at § 308.1 and as specified in subparts B through P of this part.

(s)Violation includes any action (alone or with another or others) for or toward causing, bringing about, participating in, counseling, or aiding or abetting a violation.

[ 56 FR 37975, Aug. 9, 1991, as amended at 80 FR 5012, Jan. 30, 2015]

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code
U.S. Code: Title 12 - BANKS AND BANKING
U.S. Code: Title 15 - COMMERCE AND TRADE
U.S. Code: Title 31 - MONEY AND FINANCE
Statutes at Large
Public Laws