local financial institution
Defined in 1 place of the United States Code.
the term “local financial institution”—
(1) means any bank or financial institution that is organized under the laws of any country or area in which the Corporation operates; but
(2) does not include a branch, however organized, of a bank or other financial institution that is organized under the laws of a country in which the Corporation does not operate.
Source
- 2003–present22 U.S.C. § 2198Foreign Relations and Intercourse · Definitions · as used in this subpart