financial activities
Defined in 3 places of the United States Code.
For purposes of this subsection, the term “financial activities”—
(A) means activities that are financial in nature (as defined in section 1843(k) of this title; 1
(B) includes the ownership or control of one or more insured depository institutions; and
(C) does not include internal financial activities conducted for the company or any affiliate thereof, including internal treasury, investment, and employee benefit functions.
Source
- 2010–201212 U.S.C. § 5323Banks and Banking · Authority to require supervision and regulation of certain nonbank financial companies · in this section
For purposes of this subsection, the term “financial activities”—
(A) means activities that are financial in nature (as defined in section 1843(k) of this title);
(B) includes the ownership or control of one or more insured depository institutions; and
(C) does not include internal financial activities conducted for the company or any affiliate thereof, including internal treasury, investment, and employee benefit functions.
Source
- 2012–present12 U.S.C. § 5323Banks and Banking · Authority to require supervision and regulation of certain nonbank financial companies · in this section
The term “financial activities”—
(I) has the meaning given that term in section 1843(k) of this title; and
(II) for the avoidance of doubt, includes those activities described in subparagraphs (A) and (B) of section 5901(7) of this title and section 5903(a)(7)(A) of this title.
Source
- 2026–present12 U.S.C. § 5903Banks and Banking · Requirements for issuing payment stablecoins · in this section
The term “financial activities” means activities described in clauses (i) and (ii) of section 1467a(c)(9)(A) of this title.
Source
- 2010–present12 U.S.C. § 1467bBanks and Banking · Intermediate holding companies · for purposes of this section