State nonmember bank definition

State nonmember bank means any State bank as defined in 12 U.S.C. 1813(e) that is not a member of the Fed- eral Reserve System.
Sample 1Sample 2Sample 3
State nonmember bank means any State bank as defined in 12 U.S.C. 1813(e) which is not a member of the Federal Reserve System.
Sample 1Sample 2
State nonmember bank means anyState bank as defined in 12 U.S.C. 1813(e) that is not a member of the Federal Reserve System.
Sample 1Sample 2

Examples of State nonmember bank in a sentence

  • Each insured State nonmember bank must maintain ade- quate control and subsidiary records of its standby letters of credit comparable to the records maintained in connec- tion with the bank’s direct loans so that at all times the bank’s potential liability thereunder and the bank’s compliance with this section may be readily determined.

  • An insured State nonmember bank that employs one or more individuals who act as a residential mortgage loan originator must require each such employee to register with the Registry, maintain this registration, and obtain a unique identifier in accordance with the requirements of this subpart.(ii) Prohibition.

  • This section 81 provides optional transition provisions for a State nonmember bank that is required for financial and regulatory reporting purposes, as a result of its implementation of Statement of Financial Accounting Standards No. 167, Amendments to FASB Interpretation No. 46(R) (FAS 167), to consolidate certain variable interest entities (VIEs) as defined under GAAP.

  • This section contains the procedures to be followed by a State nonmember bank or State savings as- sociation that seeks to obtain the FDIC’s prior written consent to exer- cise trust powers.

  • Aninsured State nonmember bank may identify one or more employees of the bank who may submit the information required by paragraph (d)(1) of this section to the Registry on behalf of the bank’s employees provided that this individual, and any employee delegated such authority, does not act as a mortgage loan originator, consistent with paragraph (e)(1)(i)(F) of this section.

  • Each employee of an insured State nonmember bank who acts as a mortgage loan originator must register with the Registry, obtain a unique identifier, and maintain this registration in accordance with the requirements of this subpart.

  • In addition, an insured State nonmember bank may submit to the Registry some or all of the information required by paragraphs (d)(1) and (e)(2) of this section for multiple employees in bulk through batch processing in a format to be specified by the Registry, to the extent such batch processing is made available by the Registry.

  • An employee of an insured State nonmember bank who is amortgage loan originator must complete an initial registration with the Registry pursuant to this subpart within 180 days from the date that the FDIC provides in a public notice that the Registry is accepting registrations.

  • Except as provided below, no covered employee shall, di- rectly or indirectly, accept or become obligated on a loan or extension of credit, whether current or contingent, from any FDIC-insured State non- member bank or its subsidiary or from an officer, director, or employee, of any FDIC-insured State nonmember bank or its subsidiary.(2) Exceptions: (i) Credit cards.

  • The procedures contained in this section are to be followed by an insured State nonmember bank to seek the prior approval of the FDIC to reduce the amount or retire any part of its common or preferred stock, or to retire any part of its capital notes or debentures pursuant to section 18(i)(1) of the FDI Act (12 U.S.C. 1828(i)(1)).(2) Insured State savings associations.

Related to State nonmember bank

  • Member bank means a national bank, state bank, or trust company which is a member of the United States federal reserve system.

  • State bank means any bank incorporated pursuant to the provisions of this chapter after January 1, 1970, and any “state bank” incorporated pursuant to the laws of this state and doing business as such on January 1, 1970, or a bank organized as a limited liability company or a mutual corporation under this chapter.

  • Community agency means a person, a public or private nonprofit organization or a firm, partnership or business corporation operated for profit, which:

  • Community basin means an infiltration system, sand filter designed to infiltrate, standard constructed wetland, or wet pond, established in accordance with N.J.A.C. 7:8-4.2(c)14, that is designed and constructed in accordance with the New Jersey Stormwater Best Management Practices Manual, or an alternate design, approved in accordance with N.J.A.C. 7:8-5.2(g), for an infiltration system, sand filter designed to infiltrate, standard constructed wetland, or wet pond and that complies with the requirements of this chapter.

  • Public utility holding company means: (1) any company that,

  • Health care entity means any health care provider, health plan or health care clearinghouse.

  • Foreign nonprofit corporation means an entity:

  • community centre means any school, railway station, police station and other location providing a service to the community;

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Community center means a center established under Subchapter A, Chapter 534.

  • Corporation/ Corpn./ Department means the Central Warehousing Corporation.

  • State board means the state board of education.

  • State institution means a mental health institute, as defined in s. 51.01 (12), a center for the developmentally disabled, as defined in s. 51.01 (3), or a secure mental health facility at which persons are committed under s. 980.06.

  • Heritage means Heritage Bancorp Ltd.

  • Community Council or “Council” means a duly elected body of MNO citizens that represents a Charter Community,

  • Community air carrier means an air carrier with a valid operating licence granted by a Member State in accordance with Council Regulation (EEC) No 2407/92 of 23 July 1992 of licensing of air carriers(7) ;

  • 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.

  • Trinity House means the Corporation of Trinity House of Deptford Strond;

  • School District/Public Entity means the School District/Public Entity that executes the contract.

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.

  • Community organization means an organization that provides

  • Community land trust means a community housing development organization whose (i) corporate

  • State department means the state department of human services.

  • Community action agency means a nonprofit eleemosynary corporation created pursuant to Chapter 45, Title 43 providing, among other things, weatherization services to a homeowner or tenant.

  • Director of Nursing means the Registered Nurse Level 5, appointed as such, who has charge of the nursing staff and who may also be required to supervise other staff (including domestic staff).

  • Local Resident means Washington laborers, workers, or me- chanics receiving an hourly wage who live within fifty miles of the project being constructed unless the project is being constructed in a rural county, then it is defined as Washington workers who live within two hundred miles of the project.