Foreign bank

Foreign bank means an organization that is organized under the laws of a foreign country and that engages directly in the business of banking outside the United States. The term foreign bank does not include a central bank of a foreign country that does not engage or seek to engage in a commercial banking business in the United States through an office.
means an organization that is organized under the laws of a foreign country and that engages directly in the business of banking outside the United States. The termforeign bankdoes not include a central bank of a foreign country that does not engage or seek to engage in a commercial banking business in the United States through an office.

Source

12 CFR § 211.21


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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