Sender

Sender means any of the following entities that sends an item to a Reserve Bank for forward collection -
(1) A depository institution, as defined in section 19(b) of the Federal Reserve Act (12 U.S.C. 461(b));
(2) A clearing institution, defined as -
(i) An institution that is not a depository institution but that maintains with a Reserve Bank the balance referred to in the first paragraph of section 13 of the Federal Reserve Act (12 U.S.C. 342); or
(ii) A corporation that maintains an account with a Reserve Bank in conformity with § 211.4 of this chapter (Regulation K);
(3) Another Reserve Bank;
(4) An international organization for which a Reserve Bank is empowered to act as depositary or fiscal agent and maintains an account;
(5) A foreign correspondent, defined as any of the following entities for which a Reserve Bank maintains an account: a foreign bank or banker, a foreign state as defined in section 25(b) of the Federal Reserve Act (12 U.S.C. 632), or a foreign correspondent or agency referred to in section 14(e) of that act (12 U.S.C. 358); or
(6) A branch or agency of a foreign bank maintaining reserves under section 7 of the International Banking Act of 1978 (12 U.S.C. 347d, 3105).

Source

12 CFR § 210.2

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Scoping language

As used in this subpart, unless the context otherwise requires:

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