"Foreign bank" defined
Sec. 9. "Foreign bank" means an entity organized under the laws
of a foreign country, a territory of the United States, Puerto Rico,
Guam, American Samoa, or the Virgin Islands that engages in the
business of a financial institution or a subsidiary or affiliate
organized under those laws of such an entity. The term includes
foreign commercial banks, foreign merchant banks, and other foreign
institutions that engage in banking activities that are usually in
connection with the business of a financial institution in the countries
where the foreign institutions are organized or operating.
As added by P.L.347-1989(ss), SEC.1.
Last modified: May 28, 2006