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b. Not a Savings and Loan
Through section 591, subsection 165(l)(3)(B) refers to "mutual
savings banks, cooperative banks, domestic building and loan
associations, and other savings institutions chartered and
supervised as savings and loan or similar associations under
Federal or State law". None of the three entities fit within these
categories. Petitioner has failed to introduce any evidence that
either BCCI, S.A., its IOMB, or its Los Angeles agency office
qualifies under subsection 165(l)(3)(B).
c. Not a Credit Union
Subsection 165(l)(3)(C) refers to credit unions whose deposits
are insured under Federal or State law. The evidence before us
clearly establishes that deposits at BCCI, S.A., its IOMB, and its
Los Angeles agency office were not insured under Federal or State
law. Accordingly, the three institutions do not qualify as credit
unions under subsection 165(l)(3)(C).
d. Not a Supervised and Chartered "Similar Institution"
Subsection 165(l)(3)(D) provides a final exception for "any
similar institution" that is chartered and supervised under Federal
or State law. In order to be a "qualified financial institution"
under section 165(l)(3)(D), an entity must be (1) supervised under
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