N.Y. Comp. Codes R. & Regs. tit. 3 § 51.1

Current through Register Vol. 46, No. 53, December 31, 2024

Section 51.1 - Definitions

For the purposes of this Part:

(a) the term foreign branch means a branch of a foreign banking corporation licensed pursuant to article II of the Banking Law;

(b) the term foreign agency means an agency of a foreign banking corporation licensed pursuant to article II of the Banking Law;

(c) the term depository means a bank or trust company or private banker or national bank in the State of New York or the Federal Reserve Bank of New York;

(d) the term deposit agreement means an agreement executed between a foreign branch or foreign agency and one or more depositories and approved by the Superintendent of Banks;

(e) the term department means the New York State Banking Department; and

(f) the term superintendent means the Superintendent of Banks of the State of New York.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 51.1