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12 U.S.C. § 3902

Title 12 Chapter 40 Current through PL 118-3 Last updated: March 29, 2026 View on OLRC →
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§ 3902. Definitions

For purposes of this chapter—

  • (1) the term “appropriate Federal banking agency” has the same meaning given such term in section 1813(q) of this title , except that for purposes of this chapter such term means the Board of Governors of the Federal Reserve System for—
    • (A) bank holding companies and any nonbank subsidiary thereof;
    • (B) Edge Act corporations organized under section 25(a) 1 1 See References in Text note below. of the Federal Reserve Act [ 12 U.S.C. 611 et seq.]; and
    • (C) Agreement Corporations operating under section 25 of the Federal Reserve Act [ 12 U.S.C. 601 et seq.]; and
  • (2) the term “banking institution” means—
    • (A)
      • (i) an insured bank as defined in section 1813(h) of this title or any subsidiary of an insured bank;
      • (ii) an Edge Act corporation organized under section 25(a) 1 of the Federal Reserve Act [ 12 U.S.C. 611 et seq.]; and
      • (iii) an Agreement Corporation operating under section 25 of the Federal Reserve Act [ 12 U.S.C. 601 et seq.]; and
    • (B) to the extent determined by the appropriate Federal banking agency, any agency or branch of a foreign bank, and any commercial lending company owned or controlled by one or more foreign banks or companies that control a foreign bank as those terms are defined in the International Banking Act of 1978 [ 12 U.S.C. 3101 et seq.]. The term “banking institution” shall not include a foreign bank.

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