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§ 10.141. Member.

10 CA ADC § 10.141Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 1. Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 10. Banks
Article 1. General Provisions
Subarticle 2. Definitions
10 CCR § 10.141
§ 10.141. Member.
Currentness
“Member” means:
(a) When used with respect to a commercial or industrial bank, a bank which is a member of the Federal Reserve System.
(b) When used with respect to a public bank, the local agency or local agencies that own the public bank. Nothing in this section prohibits a public bank from becoming a member of the Federal Reserve System.

Credits

Note: Authority cited: Section 326, Financial Code. Reference: Section 119, Financial Code; and Sections 54956.98 and 57601, Government Code.
History
1. Amendment of section and new Note filed 9-14-2021; operative 1-1-2022 (Register 2021, No. 38).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 10.141, 10 CA ADC § 10.141
End of Document