New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 51 - Pledge Of Assets By Foreign Banking Corporations In New York
Section 51.1 - Definitions

Universal Citation: 3 NY Comp Codes Rules and Regs ยง 51.1

Current through Register Vol. 46, No. 12, March 20, 2024

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 of Banks;

(e) the term department means the New York State Banking Department; and

(f) the term superintendent means the Superintendent of Banks of the State of New York.

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