[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: 31CFR550.317]



[Page 279]

 

                  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. 550.317  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 a Libyan 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 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) The term domestic bank includes any branch or office within the 

United States of a foreign bank that is not a Libyan entity.



[51 FR 2464, Jan. 16, 1986]