clearing bank

(3) Clearing bank .— The term “clearing bank” means an uninsured State member bank, or a corporation organized under section 25A of the Federal Reserve Act, which operates, or operates as, a multilateral clearing organization pursuant to section 409 of the Federal Deposit Insurance Corporation Improvement Act of 1991.


11 USC § 781(3)

Scoping language

For purposes of this subchapter
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