Deposits

Deposits has the following meanings:
(1) For banks that collect, maintain, and report deposits data as provided in § 345.42, deposits means deposits in domestic offices of individuals, partnerships, and corporations, and of commercial banks and other depository institutions in the United States as defined in Schedule RC-E of the Call Report; deposits does not include U.S. Government deposits, State and local government deposits, domestically held deposits of foreign governments or official institutions, or domestically held deposits of foreign banks or other foreign financial institutions; and
(2) For banks that do not collect, maintain, and report deposits data as provided in § 345.42, deposits means a bank's deposits as reported in the FDIC's Summary of Deposits as required under 12 CFR 304.3(c).

Source

12 CFR § 345.12

---

Scoping language

For purposes of this part, the following definitions apply:

---

Is this correct? or