3 CRR-NY 51.1NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 3. BANKING
CHAPTER I. GENERAL REGULATIONS OF THE SUPERINTENDENT
PART 51. PLEDGE OF ASSETS BY FOREIGN BANKING CORPORATIONS IN NEW YORK
3 CRR-NY 51.1
3 CRR-NY 51.1
51.1 Definitions.
For the purposes of this Part:
(a) the term foreign branch means a branch of a foreign banking corporation licensed pursuant to article II of the Banking Law;
(b) the term foreign agency means an agency of a foreign banking corporation licensed pursuant to article II of the Banking Law;
(c) the term depository means a bank or trust company or private banker or national bank in the State of New York or the Federal Reserve Bank of New York;
(d) the term deposit agreement means an agreement executed between a foreign branch or foreign agency and one or more depositories and approved by the superintendent;
(e) the term department means the New York State Department of Financial Services; and
(f) the term superintendent means the superintendent of the State of New York.
3 CRR-NY 51.1
Current through January 31, 2023
End of Document