[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR535.320]



[Page 146-147]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 535_IRANIAN ASSETS CONTROL REGULATIONS--Table of Contents

 

                      Subpart C_General Definitions

 

Sec. 535.320  Domestic bank.



    (a) The term domestic bank shall mean any branch or office within 

the United States of any of the following which is not Iran or an 

Iranian entity: any bank or trust company incorporated under the banking 

laws of the United States or of any state, territory, or district of the 

United States, or any private bank or banker subject to supervision and 

examination under the banking laws of the United States or of any state, 

territory or district of



[[Page 147]]



the United States. The Secretary of the Treasury may also authorize any 

other banking institution to be treated as a ``domestic bank'' for the 

purpose of this definition or for the purpose of any or all sections of 

this part.

    (b) For purposes of Sec. Sec. 535.413, 535.508, 535.531 and 

535.901, the term domestic bank includes any branch or office within the 

United States of a non-Iranian foreign bank.



[44 FR 66832, Nov. 21, 1979]