Banking association definition

Banking association means a state bank that is organized under this subtitle as a corporation, authorized to issue shares of stock, and controlled by its shareholders.
Sample 1Sample 2Sample 3
Banking association means a state bank that is organized as a banking association, authorized to issue shares of stock, and controlled by its shareholders.
Sample 1

Examples of Banking association in a sentence

  • The business of dealing in securities and stock by the [National Banking] association shall be limited to purchasing and selling such securities and stock without recourse, solely upon the order, and for the account of, customers, and in no case for its own ac- count, and the association shall not underwrite any issue of securities or stock (12 U.S.C. 24).Loopholes in the Glass-Steagall Act were quickly iden- tified.

  • Also, USAID IUWASH PLUS team is in cooperation with the Banking association in Ternate city in the implementation of the groundwater/spring protection of Ake Gaale spring by constructing 42 artificial infiltration ponds in Ake Gaale catchment area.• Exposure visit to the Philippines.

  • In 1985, the Human Milk Banking association of North America (HMBANA) was established with the main goals being to establish the standards for all North American milk banks (15).

  • Listed on: 06/12/2001 UK Sanctions List Date Designated: 06/10/2001 Last Updated: 31/12/2020 Group ID: 6899.

  • Firstly, a ceiling on borrowing rate must be set by the sBV but not the Banking association.

  • In response, the Lebanese Banking association announced that Banks will remain shuttered (National News Agency, 2019).After meeting with his government in Baabda on October 23, Hariri announced the approval of an emergency reform package to solve the country’s crisis.

  • Box 2 provides a few examples in relevant areas.Box 1: Three Examples of Consultations around Policy Reforms The Credit Information By-LawsThe Ministry of Industry and Trade prepared the first draft of the Law and undertook wide consultations with private sector representatives, the Central Bank and the Banking association.

  • Banking association principle components are Single rulebook, Single Super­visory Mechanism and a Single Resolution Mechanism.

  • Banking association is as a lot of components whose point is supervision and goals of the EU banking framework which should prompt the budgetary steadiness and later on development in the Euro zone while being one of the greatest monetary approach measures presented over the most recent couple of decades.

  • As used in this Article, the following terms have the following meanings: (1) "Banking association" means any Illinois corporation, whether for-profit or not-for-profit, which functions as a professional or trade association of dues-paying member commercial banks.

Related to Banking association

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Trade association means an entity recognized by the State in which the entity is doing business as a trade association and shall not include an organization that is formed for the purposes of providing insurance. “Transaction cutoff date” for weekly data reporting is 8 p.m. Central time on Friday of each week and for monthly data reporting is 8 p.m. Central time on Friday after the first Sunday of the month.

  • Master association means an organization that is authorized to exercise some or all of the powers of one or more associations on behalf of one or more common interest communities or for the benefit of the unit owners of one or more common interest communities.

  • Federal banking agency means the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the National Credit Union Administration and the Federal Deposit Insurance Corporation;

  • Savings association means a Fed- eral savings and loan association or a Federal savings bank chartered under section 5 of the Home Owners’ Loan Act, a building and loan, savings and loan or homestead association or a co- operative bank (other than a coopera- tive bank described in 12 U.S.C. 1813(a)(2)) the deposits of which are in- sured by the Federal Deposit Insurance Corporation, and any corporation (other than a bank) the deposits of which are insured by the Federal De- posit Insurance Corporation that the Office of the Comptroller of the Cur- rency and the Federal Deposit Insur- ance Corporation jointly determine to be operating in substantially the same manner as a savings association, and shall include any savings bank or any cooperative bank which is deemed by the Office of the Comptroller of the Currency to be a savings association under 12 U.S.C. 1467a(1).

  • Firearm trade association means any person, corporation, unincorporated association, federation, business league, or business organization that:

  • Federal banking agencies means the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the National Credit Union Administration, and the Federal Deposit Insurance Corporation.

  • banking institution means a bank, bank and trust company, trust company, savings bank, private bank, or a national banking association, organized and doing business under the provisions of any law of this state, or of any other state of the United States, or under the provisions of any law of the United States of America.

  • Community association means an association in which membership is a condition of ownership or shareholder interest of a unit in a condominium, cooperative, townhouse, villa, or other residential unit that is part of a residential development plan as a master association or common interest community and that is authorized to impose an assessment and other costs that may become a lien on the unit or lot.

  • Member Association means any national football association affiliated to FIFA, irrespective of whether its representative team is participating in the Competition.

  • professional association means a self-regulatory organization of engineers, geoscientists or both engineers and geoscientists that

  • Bona fide association means, with respect to health insurance coverage offered in this

  • Savings and loan association means an association established under Act No. 156 of the Public Acts of 1964, as amended, being sections 489.501 to 489.920 of the Michigan Compiled Laws, or a federal savings and loan association established under the laws of the United States having its main office in this state.

  • Homeowners association or “HOA” or “POA” – shall mean an entity or entities, including its/their employees and agents, which may have jurisdiction over lands located within the District, either now or in the future, which may exist to aid in the enforcement of deed restrictions and covenants applicable to lands within the District.

  • New York Federal Reserve s Website" means the website of the Federal Reserve Bank of New York currently at http://www.newyorkfed.org, or any successor website;

  • RFR Banking Day means any day specified as such in the Reference Rate Terms.

  • Owners Association means any association or organization created pursuant to the Owners’ Association Documents.

  • Cooperative association means any of the following:

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • Business association means a nonpublic corporation, joint stock company, investment company, business trust, partnership, or association for business purposes of 2 or more individuals, whether or not for profit, including a banking organization, financial organization, insurance company, or utility.

  • Appropriate Federal Banking Agency means the “appropriate Federal banking agency” with respect to the Corporation as defined in Section 3(q) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(q)), or any successor provision.

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed.

  • Federal home loan bank means a federal home loan bank established under the federal Home Loan Bank Act, 12 U.S.C. §1421 et seq.

  • Close financial association means an association in which the person filing shares significant financial involvement with an individual and the filer would reasonably be expected to be aware of the individual's business activities and would have access to the necessary records either directly or through the individual. "Close financial association" does not mean an association based on (i) the receipt of retirement benefits or deferred compensation from a business by which the person filing this statement is no longer employed, or (ii) the receipt of compensation for work performed by the person filing as an independent contractor of a business that represents an entity before any state governmental agency when the person filing has no communications with the state governmental agency.

  • Affiliated Association means an Association accorded the status of an Affiliated Association under the rules of The FA.