( iv ) A covered credit relationship once the discussed within the section 101 of your Federal Borrowing from the bank Commitment Work (a dozen U.S.C. 1752(7)) or a card relationship that’s eligible to generate app so you’re able to be an insured borrowing from the bank commitment pursuant so you can area 201 of such operate (12 You.S.C. 1781);
( v ) A part once the discussed inside area 2 of the Federal Home Financing Financial Work (twelve You.S.C. 1422(4)); otherwise
Which point cannot entitle anyone or entity to obtain any credit otherwise one boost, restoration or expansion out-of maturity of every credit off a federal Reserve Bank
( vi ) A benefit connection as discussed within the section 3 of your own FDI Work (12 U.S.C. 1813(b)) that is an insured depository institution just like the laid out within the area step three of your operate (12 U.S.C. 1813(c)(2)) or perhaps is eligible to apply at feel a covered depository place lower than point 5 of one’s operate (several You.S.C. 15(a)).
( 2 ) The phrase depository business does not include a lending institution one isn’t needed to keep up supplies under 204.1(c)(4) off Control D (twelve CFR 204.1(c)(4)) since it is planned solely to utilize almost every other economic institutions, try owned generally from the financial institutions that it does providers, and won’t work with individuals.
( d ) Purchase account and you will nonpersonal day deposit feel the definitions specified during the Controls D (several CFR area 204).
( elizabeth ) Undercapitalized covered depository business function any covered depository facilities due to the fact defined inside part step three of the FDI Operate (a dozen U.S.C. 1813(c)(2)) that:
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