11 U.S.C. § 781 Definitions

LibraryUnited States Statutes
CurrencyCurrent through P.L. 118-21 (published on www.congress.gov on 11/13/2023)

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 of the Federal Deposit Insurance Corporation Improvement Act of 1991.

1 See References in Text note below.

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