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U.S. Code as of:
01/19/04
Section 3101. Definitions
For the purposes of this chapter -
(1) "agency" means any office or any place of business of a
foreign bank located in any State of the United States at which
credit balances are maintained incidental to or arising out of
the exercise of banking powers, checks are paid, or money is lent
but at which deposits may not be accepted from citizens or
residents of the United States;
(2) "Board" means the Board of Governors of the Federal Reserve
System;
(3) "branch" means any office or any place of business of a
foreign bank located in any State of the United States at which
deposits are received;
(4) "Comptroller" means the Comptroller of the Currency;
(5) "Federal agency" means an agency of a foreign bank
established and operating under section 3102 of this title;
(6) "Federal branch" means a branch of a foreign bank
established and operating under section 3102 of this title;
(7) "foreign bank" means any company organized under the laws
of a foreign country, a territory of the United States, Puerto
Rico, Guam, American Samoa, or the Virgin Islands, which engages
in the business of banking, or any subsidiary or affiliate,
organized under such laws, of any such company. For the purposes
of this chapter the term "foreign bank" includes, without
limitation, foreign commercial banks, foreign merchant banks and
other foreign institutions that engage in banking activities
usual in connection with the business of banking in the countries
where such foreign institutions are organized or operating;
(8) "foreign country" means any country other than the United
States, and includes any colony, dependency, or possession of any
such country;
(9) "commercial lending company" means any institution, other
than a bank or an organization operating under section 25 of the
Federal Reserve Act [12 U.S.C. 601 et seq.], organized under the
laws of any State of the United States, or the District of
Columbia which maintains credit balances incidental to or arising
out of the exercise of banking powers and engages in the business
of making commercial loans;
(10) "State" means any State of the United States or the
District of Columbia;
(11) "State agency" means an agency of a foreign bank
established and operating under the laws of any State;
(12) "State branch" means a branch of a foreign bank
established and operating under the laws of any State;
(13) the terms "affiliate," (!1) "bank", "bank holding
company", "company", "control", and "subsidiary" have the same
meanings assigned to those terms in the Bank Holding Company Act
of 1956 [12 U.S.C. 1841 et seq.], and the terms "controlled" and
"controlling" shall be construed consistently with the term
"control" as defined in section 2 of the Bank Holding Company Act
of 1956 [12 U.S.C. 1841];
(14) "consolidated" means consolidated in accordance with
generally accepted accounting principles in the United States
consistently applied;
(15) the term "representative office" means any office of a
foreign bank which is located in any State and is not a Federal
branch, Federal agency, State branch, or State agency;
(16) the term "office" means any branch, agency, or
representative office; and
(17) the term "State bank supervisor" has the meaning given to
such term in section 1813 of this title.
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