12 CFR 326.1 - Definitions.
For the purposes of this part—
(a) The term insured nonmember bank means any bank, including a foreign bank having a branch the deposits of which are insured in accordance with the provisions of the Federal Deposit Insurance Act, which is not a member of the Federal Reserve System. The term does not include any institution chartered or licensed by the Comptroller of the Currency, any District bank, or any savings association.
(b) The term banking office includes any branch of an insured nonmember bank, and, in the case of an insured state nonmember bank, it includes the main office of that bank.
(c) The term branch for a bank chartered under the laws of any state of the United States includes any branch bank, branch office, branch agency, additional office, or any branch place of business located in any state or territory of the United States, District of Columbia, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, the Northern Mariana Islands or the Virgin Islands at which deposits are received or checks paid or money lent. In the case of a foreign bank, as defined in § 347.202 of this chapter, the term branch has the same meaning given in § 347.202 of this chapter.
[56 FR 13581, Apr. 3, 1991, as amended at 63 FR 17075, Apr. 8, 1998]
Title 12 published on 2014-01-01.
No entries appear in the Federal Register after this date, for 12 CFR Part 326.