[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR550.320]

[Page 762]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 550_LIBYAN SANCTIONS REGULATIONS--Table of Contents
 
                          Subpart C_Definitions
 
Sec. 550.320  Banking institution.

    The term banking institution shall include any person engaged 
primarily or incidentally in the business of banking, of granting or 
transferring credits, or of purchasing or selling foreign exchange or 
procuring purchasers and sellers thereof, as principal or agent, or any 
person holding credits for others as a direct or incidental part of its 
business, or any broker; and each principal, agent, home office, branch 
or correspondent of any person so engaged shall be regarded as a 
separate banking institution.

[51 FR 2464, Jan. 16, 1986]