[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: 31CFR598.319]



[Page 496-497]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 598_FOREIGN NARCOTICS KINGPIN SANCTIONS REGULATIONS--Table of 

Contents

 

                      Subpart C_General Definitions

 

Sec. 598.319  U.S. financial institution.



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

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

making, granting, transferring, holding, or



[[Page 497]]



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' foreign branches, offices, or 

agencies.