12 CFR 338.6
§ 338.6 Definitions applicable to this subpart.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 338.6, § 338.6 Definitions applicable to this subpart, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46743
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Full text
For purposes of this subpart—
(a) Bank means an insured State nonmember bank as defined in section 3 of the Federal Deposit Insurance Act, 12 U.S.C. 1813.
(b) Controlled entity means a corporation, partnership, association, or other business entity with respect to which a bank possesses, directly or indirectly, the power to direct or cause the direction of management and policies, whether through the ownership of voting securities, by contract, or otherwise.
(c) FDIC-supervised institution means either a bank or a State savings association.
(d) State savings association has the same meaning as in section 3(b)(3) of the Federal Deposit Insurance Act, 12 U.S.C. 1813(b)(3).
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.