clearing bank
Defined in 1 dictionary — U.S. Code
United States Code
11 U.S.C. § 781 — for purposes of this subchapter (4 versions over time)
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 1 of the Federal Deposit Insurance Corporation Improvement Act of 1991.