insured bank

(i) An insured bank as defined in section 3 of the FDI Act (12 U.S.C. 1813(h)) or a bank that is eligible to make application to become an insured bank under section 5 of such act (12 U.S.C. 1815);


12 CFR § 201.2

Scoping language

For purposes of this part, the following definitions shall apply:

Is this correct? or