11 USC 781 - Definitions
For purposes of this subchapter, the following definitions shall apply:
(1) Board.—
The term Board means the Board of Governors of the Federal Reserve System.
The term Board means the Board of Governors of the Federal Reserve System.
(2) Depository institution.—
The term depository institution has the same meaning as in section 3 of the Federal Deposit Insurance Act.
The term depository institution has the same meaning as in section 3 of the Federal Deposit Insurance Act.
(3) 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 of the Federal Deposit Insurance Corporation Improvement Act of 1991.
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 of the Federal Deposit Insurance Corporation Improvement Act of 1991.