[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: 31CFR538.317]



[Page 188-189]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 538_SUDANESE SANCTIONS REGULATIONS--Table of Contents

 

                      Subpart C_General Definitions

 

Sec. 538.317  U.S. depository institution.



    The term U.S. depository institution means any entity (including its 

foreign branches) organized under the laws of the United States or of 

any jurisdiction within the United States, or any agency, office or 

branch located in the United States of a foreign entity, that is engaged 

primarily in the business of banking (for example, banks, savings banks, 

savings associations, credit unions, trust companies and United States 

bank holding companies) and is



[[Page 189]]



subject to regulation by federal or state banking authorities.



[70 FR 34062, June 13, 2005]