Foreign banking organization

Foreign banking organization means:
(1) A foreign bank, as defined in section 1(b)(7) of the IBA (12 U.S.C. 3101(7)), that:
(i) Operates a branch, agency, or commercial lending company subsidiary in the United States;
(ii) Controls a bank in the United States; or
(iii) Controls an Edge corporation acquired after March 5, 1987; and
(2) Any company of which the foreign bank is a subsidiary.

Source

12 CFR § 211.21

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Scoping language

The definitions contained in 211.1 and 211.2 apply to this subpart, except as a term is otherwise defined in this section:

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