[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: 31CFR590.322]



[Page 426]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 590_ANGOLA (UNITA) SANCTIONS REGULATIONS--Table of Contents

 

                      Subpart C_General Definitions

 

Sec. 590.322  U.S. financial institution.



    The term U.S. financial institution means any U.S. entity (including 

foreign branches) that is engaged in the business of accepting deposits, 

making, granting, transferring, holding, or brokering loans or credits, 

or purchasing or selling foreign exchange, securities, commodity futures 

or options, as principal or agent. This terms includes but is not 

limited to depository institutions, banks, savings banks, trust 

companies, securities brokers and dealers, commodity futures and options 

brokers and dealers, forward contract and foreign exchange merchants, 

securities and commodities exchanges, clearing corporations, investment 

companies, employee benefit plans, and U.S. holding companies, U.S. 

affiliates, or U.S. subsidiaries of any of the foregoing. This term 

includes those branches, offices, and agencies of foreign financial 

institutions which are located in the United States, but not such 

institutions' headquarters, branches, offices, or agencies.