§ 2902. — Definitions.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC2902]
TITLE 12--BANKS AND BANKING
CHAPTER 30--COMMUNITY REINVESTMENT
Sec. 2902. Definitions
For the purposes of this chapter--
(1) the term ``appropriate Federal financial supervisory
agency'' means--
(A) the Comptroller of the Currency with respect to national
banks;
(B) the Board of Governors of the Federal Reserve System
with respect to State chartered banks which are members of the
Federal Reserve System and bank holding companies;
(C) the Federal Deposit Insurance Corporation with respect
to State chartered banks and savings banks which are not members
of the Federal Reserve System and the deposits of which are
insured by the Corporation; and
(2) \1\ section 1818 of this title, by the Director of the
Office of Thrift Supervision, in the case of a savings
association (the deposits of which are insured by the Federal
Deposit Insurance Corporation) and a savings and loan holding
company;
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\1\ So in original. Text reading ``(2) section 1818 of this title,
by the Director'' probably should read ``(D) the Director''.
(2) the term ``regulated financial institution'' means an
insured depository institution (as defined in section 1813 of this
title); and
(3) the term ``application for a deposit facility'' means an
application to the appropriate Federal financial supervisory agency
otherwise required under Federal law or regulations thereunder for--
(A) a charter for a national bank or Federal savings and
loan association;
(B) deposit insurance in connection with a newly chartered
State bank, savings bank, savings and loan association or
similar institution;
(C) the establishment of a domestic branch or other facility
with the ability to accept deposits of a regulated financial
institution;
(D) the relocation of the home office or a branch office of
a regulated financial institution;
(E) the merger or consolidation with, or the acquisition of
the assets, or the assumption of the liabilities of a regulated
financial institution requiring approval under section 1828(c)
of this title or under regulations issued under the authority of
title IV \2\ of the National Housing Act [12 U.S.C. 1724 et
seq.]; or
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\2\ See References in Text note below.
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(F) the acquisition of shares in, or the assets of, a
regulated financial institution requiring approval under section
1842 of this title or section 408(e) \2\ of the National Housing
Act [12 U.S.C. 1730a(e)].
(4) A financial institution whose business predominately
consists of serving the needs of military personnel who are not
located within a defined geographic area may define its ``entire
community'' to include its entire deposit customer base without
regard to geographic proximity.
(Pub. L. 95-128, title VIII, Sec. 803, Oct. 12, 1977, 91 Stat. 1147;
Pub. L. 95-630, title XV, Sec. 1502, Nov. 10, 1978, 92 Stat. 3713; Pub.
L. 101-73, title VII, Sec. 744(q), title XII, Sec. 1212(a), Aug. 9,
1989, 103 Stat. 440, 526.)
References in Text
The National Housing Act, referred to in par. (3)(E), (F), is act
June 27, 1934, ch. 847, 48 Stat. 1246, as amended. Title IV of the
National Housing Act which was classified generally to subchapter IV
(Sec. 1724 et seq.) of chapter 13 of this title, was repealed by Pub. L.
101-73, title IV, Sec. 407, Aug. 9, 1989, 103 Stat. 363. Section 408 of
the National Housing Act, which was classified to section 1730a of this
title, was also repealed by section 407 of Pub. L. 101-73. For complete
classification of this Act to the Code, see section 1701 of this title
and Tables.
Amendments
1989--Par. (1)(D). Pub. L. 101-73, Sec. 744(q), directed the general
amendment of par. (1)(D) but then set out ``(2)'' followed by the text
of the new provisions. Prior to amendment, par. (1)(D) read as follows:
``the Federal Home Loan Bank Board with respect to institutions the
deposits of which are insured by the Federal Savings and Loan Insurance
Corporation and to savings and loan holding companies;''.
Par. (2). Pub. L. 101-73, Sec. 1212(a), substituted ``insured
depository institution (as defined in section 1813 of this title)'' for
``insured bank as defined in section 1813 of this title or an insured
institution as defined in section 401 of the National Housing Act''.
1978--Par. (4). Pub. L. 95-630 added par. (4).
Effective Date of 1978 Amendment
Amendment by Pub. L. 95-630 effective Nov. 10, 1978, see section
1505 of Pub. L. 95-630, set out as a note under section 27 of this
title.
Section Referred to in Other Sections
This section is referred to in sections 1831y, 3103 of this title.
