12 U.S.C. § 2902 : US Code - Section 2902: Definitions

Search 12 U.S.C. § 2902 : US Code - Section 2902: Definitions

For the purposes of this chapter -
(1) the term "appropriate Federal financial supervisory agency"
means -
(A) the Comptroller of the Currency with respect to national
banks;
(B) the Board of Governors of the Federal Reserve System with
respect to State chartered banks which are members of the
Federal Reserve System and bank holding companies;
(C) the Federal Deposit Insurance Corporation with respect to
State chartered banks and savings banks which are not members
of the Federal Reserve System and the deposits of which are
insured by the Corporation; and
(2) (!1) section 1818 of this title, by the Director of the
Office of Thrift Supervision, in the case of a savings
association (the deposits of which are insured by the Federal
Deposit Insurance Corporation) and a savings and loan holding
company;
(2) the term "regulated financial institution" means an insured
depository institution (as defined in section 1813 of this
title); and
(3) the term "application for a deposit facility" means an
application to the appropriate Federal financial supervisory
agency otherwise required under Federal law or regulations
thereunder for -
(A) a charter for a national bank or Federal savings and loan
association;
(B) deposit insurance in connection with a newly chartered
State bank, savings bank, savings and loan association or
similar institution;
(C) the establishment of a domestic branch or other facility
with the ability to accept deposits of a regulated financial
institution;
(D) the relocation of the home office or a branch office of a
regulated financial institution;
(E) the merger or consolidation with, or the acquisition of
the assets, or the assumption of the liabilities of a regulated
financial institution requiring approval under section 1828(c)
of this title or under regulations issued under the authority
of title IV (!2) of the National Housing Act [12 U.S.C. 1724 et
seq.]; or
(F) the acquisition of shares in, or the assets of, a
regulated financial institution requiring approval under
section 1842 of this title or section 408(e) (!2) of the
National Housing Act [12 U.S.C. 1730a(e)].
(4) A financial institution whose business predominately
consists of serving the needs of military personnel who are not
located within a defined geographic area may define its "entire
community" to include its entire deposit customer base without
regard to geographic proximity.