Foreign banking organization definition

Foreign banking organization means a foreign organization that is formed for the sole purpose of either holding shares of a foreign bank or per- forming nominee, fiduciary, or other banking services incidental to the ac- tivities of a foreign branch or foreign bank affiliate of the insured state non- member bank.
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Foreign banking organization means a foreign organization that is formed for the sole purpose of either holding shares of a foreign bank orperforming nominee, fiduciary, or other banking services incidental to theactivities of a foreign branch or foreign bank affiliate of the insured statenonmember bank.
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Foreign banking organization means a foreign organization that is formed for the sole purpose of either holding shares of a foreign bank or performing nominee, fiduciary, or other banking services incidental to the activities of a foreign branch or foreign bank affiliate of the insured state nonmember bank.(j) Foreign branch means an office or place of business located outside the United States, its territories, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, or the Virgin Islands, at which banking operations are conducted, but does not include a representative office.(k) Foreign country means any country other than the United States and includes any territory, dependency, or possession of any such country or of the United States.(l) Foreign organization means an organization that is organized under the laws of a foreign country.(m) Insured state nonmember bank or bank means a state bank, as defined by section 3(a)(2) of the Federal Deposit Insurance Act (12 U.S.C. 1813(a)(2)), whose deposits are insured by the FDIC and that is not a member of the Federal Reserve System.(n) Indirectly means investments held or activities conducted by a subsidiary of an organization.(o) Investment grade means a security that is rated in one of the four highest categories by:
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Examples of Foreign banking organization in a sentence

  • Foreign banking organization means a foreign bank that operates a branch, agency, or commercial lending company subsidiary in the United States; controls a bank in the United States; or controls an Edge corporation acquired after March 5, 1987; and any company of which the foreign bank is a subsidiary.

  • Foreign banking organization means a foreign organization that is formed for the sole purpose of either holding shares of a foreign bank or performing nominee, fiduciary, or other banking services incidental to the activities of a foreign branch or foreign bank affiliate of the insured state nonmember bank.

  • Foreign banking organization (FBO): A foreign bank that conducts commercial banking operations in the United States.

  • Foreign banking organization has the same meaning as in section 211.21(o) of the Board’s Regulation K (12 CFR 211.21(o)), but does not include a foreign bank, as defined in section 1(b)(7) of the International Banking Act of 1978 (12 U.S.C. 3101(7)), that is organized under the laws of the Commonwealth of Puerto Rico, Guam, American Samoa, the United States Virgin Islands, or the Commonwealth of the Northern Mariana Islands.

  • In basins where appropriations for M&I uses, or those that may be converted to M&I, are less than the perennial yield estimate, only those water rights actually appropriated are considered.

  • Foreign banking organization (FBO): A foreign bank that: (1) operates a branch, agency, or commercial lending company subsidiary in the United States; (2) controls a bank in the United States; (3) controls an Edge corporation acquired after March 5, 1987; or (4) is a company of which the foreign bank is a subsidiary.

  • Foreign banking organization commenters also argued that the proposals did not adequately take into consideration the principle of national treatment and equality of competitive opportunity, or the extent to which a foreign banking organization issubject on a consolidated basis to home country standards that are comparable to those that are applied to the firm in the United States.

  • Foreign banking organization has the same meaning as in section 211.21(o) of the Board’s Regulation K (12 CFR 211.21(o)), provided that if the top-tier foreign banking organization is incorporated in or organized under the laws of any State, the foreign banking organization shall not be treated as a foreign banking organization for purposes of this part.

  • Foreign banking organization commenters also argued that inter-affiliate transactions should be excluded from the measure, including any guarantee related to securities issued to fund the foreign parent, and guarantees used to facilitate clearing of swaps and futures for affiliates that are not clearing members.

  • Foreign banking organization has the same meaning as in § 211.21(o) of the Board’s Regulation K (12 CFR 211.21(o)).


More Definitions of Foreign banking organization

Foreign banking organization means a foreign bank, as defined in section 1(b)(7) of the IBA (12 U.S.C. 3101(7)), that:
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Foreign banking organization or “FBO” means a bank chartered or organized in a foreign country with banking operations in the United States.
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Foreign banking organization means any foreign bank or company that is a bank holding company or is treated as a bank holding company under section 8(a) of the International Banking Act of 1978 (12 U.S.C. 3106(a)).
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Foreign banking organization means a foreign bank (as defined in section 1(b)(7) of the IBA (12 U.S.C. 3101(b)(7)) that operates a branch,agency or commercial lending company subsidiary in the United States or that controls a bank in the United States,and any company of which such foreign bank is a subsidiary.
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Related to Foreign banking organization

  • Banking organization means a bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, or any organization defined by law as a bank or banking organization.

  • Foreign organization means an organization created under laws other than the laws of this state for a purpose for which an organization may be created under the laws of this state.

  • Clearing Organization means (a) The Depository Trust Company, or, if agreed to by Borrower and Lender, such other “securities intermediary” (within the meaning of the UCC) at which Borrower (or Borrower’s agent) and Lender (or Lender’s agent) maintain accounts, or (b) a Federal Reserve Bank, to the extent that it maintains a book-entry system.

  • Domestic organization means an organization created under the laws of this state.

  • international organization shall have the meanings set forth in Section 7701 of the Code or successor provisions.

  • ADR Organization means The American Arbitration Association or, if The American Arbitration Association no longer exists or if its ADR Rules would no longer permit mediation or arbitration, as applicable, of the dispute, another nationally recognized mediation or arbitration organization selected by the Sponsor.

  • Indian organization means the governing body of any Indian tribe or entity established or recognized by the governing body of an Indian tribe for the purposes of 25 U.S.C., chapter 17.

  • Educational organization means a nonprofit public or private elementary or

  • Supervised financial organization means a person, other than an insurance company or other organization primarily engaged in an insurance business:

  • Member organization means any individual, corporation, limited liability company, partnership, or association that belongs to an association.

  • Procurement organization means an eye bank, organ procurement organization, or tissue bank.

  • Foreign terrorist organization means an organization designated as a foreign terrorist organization by the United States secretary of state as authorized by 8 U.S.C. Section 1189.

  • Sponsoring organization means any organization that establishes,

  • Converting organization means an organization that

  • Competing Organization means any person or organization engaged in, or with definitive plans to become engaged in, research or development, production, distribution, marketing or selling of a Competing Product.

  • Financial organization means any bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, savings and loan association, credit union, cooperative bank, small loan company, sales finance company, investment company, or any type of insurance company.

  • Tribal organization means the elected governing body of any Indian tribe or any legally established organization of Indians that is controlled by one or more such bodies or by a board of directors elected or selected by one or more such bodies (or elected by the Indian population to be served by such organization) and that includes the maximum participation of Indians in all phases of its activities; and

  • Organ procurement organization means a person designated by the Secretary of the United States Department of Health and Human Services as an organ procurement organization.

  • Business organization means an individual, partnership, association, joint stock company, trust, corporation or other legal business entity or successor thereof.

  • Participating Organization means an organization which elects to offer coverage under a Policy by completing a participation agreement that has been accepted by the Company.

  • Fraternal organization means an organization, except a school fraternity, which is a

  • Metropolitan planning organization means the same as that term is defined in Section 72-1-208.5.

  • Lead organization means a trade organization, labor organization or other incorporated entity representing a group of businesses that is the applicant for a business network project.

  • Stewardship organization means an organization, association, or

  • Political organization means a party, committee, association, fund, or other organization (whether or not incorporated) that is required to file a statement of organization with the State Board of Elections or a county clerk under Section 9-3 of the Election Code (10 ILCS 5/9-3), but only with regard to those activities that require filing with the State Board of Elections or a county clerk.

  • Review organization means a disability insurer regulated