{"identifier":"/us/usc/t11/s781","title":11,"num":"\u00a7\u202f781.","heading":"Definitions","text":"\u00a7\u202f781.\nDefinitions\nFor purposes of this subchapter, the following definitions shall apply:\n(1)\nBoard.\u2014\nThe term \u201cBoard\u201d means the Board of Governors of the Federal Reserve System.\n(2)\nDepository institution.\u2014\nThe term \u201cdepository institution\u201d has the same meaning as in section 3 of the Federal Deposit Insurance Act.\n(3)\nClearing bank.\u2014\nThe term \u201cclearing bank\u201d means an uninsured State member bank, or a corporation organized under section 25A of the Federal Reserve Act, which operates, or operates as, a multilateral clearing organization pursuant to section 409\n1\n1 See References in Text note below.","url":"https://projectusc.org/usc/t11/s781.html","content":[{"t":"sec","id":"/us/usc/t11/s781","children":[{"t":"num","text":"\u00a7\u202f781."},{"t":"heading","text":"Definitions","tail":"\n"},{"t":"chapeau","text":"For purposes of this subchapter, the following definitions shall apply:"},{"t":"para","id":"/us/usc/t11/s781/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"Board.\u2014"},{"t":"content","text":"The term \u201cBoard\u201d means the Board of Governors of the Federal Reserve System.","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t11/s781/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Depository institution.\u2014"},{"t":"content","text":"The term \u201cdepository institution\u201d has the same meaning as in section 3 of the Federal Deposit Insurance Act.","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t11/s781/3","children":[{"t":"num","text":"(3)"},{"t":"heading","text":"Clearing bank.\u2014"},{"t":"content","text":"The term \u201cclearing bank\u201d means an uninsured State member bank, or a corporation organized under section 25A of the Federal Reserve Act, which operates, or operates as, a multilateral clearing organization pursuant to section 409\u202f","children":[{"t":"ref","text":"1"},{"t":"num","text":"1","tail":"\u202fSee References in Text note below."},{"t":"text","text":"\u202fSee References in Text note below.","tail":" of the Federal Deposit Insurance Corporation Improvement Act of 1991."}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}