Definitions relating to foreign banks and branches
(1) Foreign bank
(1)Foreign bank#
The term “foreign bank” has the meaning given to such term by section 1(b)(7) of the International Banking Act of 1978 [ 12 U.S.C. 3101(b)(7) ].
(2)Federal branch#
The term “Federal branch” has the meaning given to such term by section 1(b)(6) of the International Banking Act of 1978 [ 12 U.S.C. 3101(b)(6) ].
(3)Insured branch#
The term “insured branch” means any branch (as defined in section 1(b)(3) of the International Banking Act of 1978 [ 12 U.S.C. 3101(b)(3) ]) of a foreign bank any deposits in which are insured pursuant to this chapter.