Crimes and Criminal Procedure - 18 USC Section 20

01/19/04

Sec. 20. Financial institution defined

As used in this title, the term "financial institution" means -

(1) an insured depository institution (as defined in section
3(c)(2) of the Federal Deposit Insurance Act);

(2) a credit union with accounts insured by the National Credit
Union Share Insurance Fund;

(3) a Federal home loan bank or a member, as defined in section
2 of the Federal Home Loan Bank Act (12 U.S.C. 1422), of the
Federal home loan bank system;

(4) a System institution of the Farm Credit System, as defined
in section 5.35(3) of the Farm Credit Act of 1971;

(5) a small business investment company, as defined in section
103 of the Small Business Investment Act of 1958 (15 U.S.C. 662);

(6) a depository institution holding company (as defined in
section 3(w)(1) of the Federal Deposit Insurance Act;

(7) a Federal Reserve bank or a member bank of the Federal
Reserve System;

(8) an organization operating under section 25 or section 25(a)
(!1) of the Federal Reserve Act; or

(9) a branch or agency of a foreign bank (as such terms are
defined in paragraphs (1) and (3) of section 1(b) of the
International Banking Act of 1978).

AMENDMENTS
1990 - Pars. (7) to (9). Pub. L. 101-647 added pars. (7) to (9).
1989 - Pub. L. 101-73, Sec. 962(e)(1), (2)(A)-(C), redesignated
subsec. (b) of section 215 of this title as this section, inserted
section catchline, struck out subsec. (b) designation before "As
used", and substituted "used in this title" for "used in this
section".
Par. (1). Pub. L. 101-73, Sec. 962(e)(2)(D), amended par. (1)
generally. Prior to amendment, par. (1) read as follows: "a bank
with deposits insured by the Federal Deposit Insurance
Corporation;".
Par. (2). Pub. L. 101-73, Sec. 962(e)(2)(E), (H), redesignated
par. (3) as (2) and struck out former par. (2) which read as
follows: "an institution with accounts insured by the Federal
Savings and Loan Insurance Corporation;".
Par. (3). Pub. L. 101-73, Sec. 962(e)(2)(H), redesignated par.
(4) as (3). Former par. (3) redesignated (2).
Par. (4). Pub. L. 101-73, Sec. 962(e)(2)(F), (H), redesignated
par. (5) as (4) and amended it generally. Prior to amendment, par.
(4) read as follows: "a Federal land bank, Federal intermediate
credit bank, bank for cooperatives, production credit association,
and Federal land bank association;". Former par. (4) redesignated
(3).
Par. (5). Pub. L. 101-73, Sec. 962(e)(2)(H), redesignated par.
(6) as (5). Former par. (5) redesignated (4).
Pars. (6), (7). Pub. L. 101-73, Sec. 962(e)(2)(G), (H),
redesignated par. (7) as (6) and amended it generally. Prior to
amendment, par. (6) read as follows: "a bank holding company as
defined in section 2 of the Bank Holding Company Act of 1956 (12
U.S.C. 1841); or". Former par. (6) redesignated (5).
Par. (8). Pub. L. 101-73, Sec. 962(e)(2)(E), struck out par. (8)
which read as follows: "a savings and loan holding company as
defined in section 408 of the National Housing Act (12 U.S.C.
1730a)."
1986 - Pub. L. 99-370 amended subsec. (b) [formerly Sec. 215(b)]
generally expanding provisions formerly contained in subsec. (c)
[former Sec. 215(c)] defining "financial institution".

Last modified: April 12, 2006