affiliate

(1) the term “affiliate” with respect to a member bank means— (A) any company that controls the member bank and any other company that is controlled by the company that controls the member bank; (B) a bank subsidiary of the member bank; (C) any company— (i) that is controlled directly or indirectly, by a trust or otherwise, by or for the benefit of shareholders who beneficially or otherwise control, directly or indirectly, by trust or otherwise, the member bank or any company that controls the member bank; or (ii) in which a majority of its directors or trustees constitute a majority of the persons holding any such office with the member bank or any company that controls the member bank; (D) any investment fund with respect to which a member bank or affiliate thereof is an investment adviser; and (E) any company that the Board determines by regulation or order to have a relationship with the member bank or any subsidiary or affiliate of the member bank, such that covered transactions by the member bank or its subsidiary with that company may be affected by the relationship to the detriment of the member bank or its subsidiary; and

Source

12 USC § 371c(b)(1)


Scoping language

For the purpose of this section
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