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e-CFR data is current as of September 17, 2020

Title 12Chapter IIISubchapter BPart 338Subpart B → §338.6

Title 12: Banks and Banking
Subpart B—Recordkeeping

§338.6   Definitions applicable to this subpart B.

For purposes of this subpart B—

(a) Bank means an insured state nonmember bank as defined in section 3 of the Federal Deposit Insurance Act.

(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.

[62 FR 36204, July 7, 1997]

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