View all text of Subchapter V [§ 781 - § 784]

§ 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.
(2)Depository institution.—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 1
1 See References in Text note below.
of the Federal Deposit Insurance Corporation Improvement Act of 1991.
(Added Pub. L. 106–554, § 1(a)(5) [title I, § 112(c)(5)(B)], Dec. 21, 2000, 114 Stat. 2763, 2763A–394.)