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U.S. Code as of:
01/19/04
Section 781. Definitions
For purposes of this subchapter, the following definitions shall
apply:
(1) Board. - The term "Board" means the Board of Governors of
the Federal Reserve System.
(2) Depository institution. - The term "depository institution"
has the same meaning as in section 3 of the Federal Deposit
Insurance Act.
(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.
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