- access request
means a request to a Federal reserve bank for access to a reserve bank master account and services, including any written documentation or formal indication that an entity intends to seek access to a reserve bank master account and services.
- affiliate
has the meaning given to such term in section 371c of this title (but does not include any company described in section 1 (b)(2) of such section or any bank);
- aggregate amount of covered transactions
means the amount of the covered transactions about to be engaged in added to the current amount of all outstanding covered transactions;
- appropriate Federal banking agency
has the same meaning as in section 1813 of this title.
- bank
includes a State bank, national bank, banking association, and trust company;
- central bank digital currency
means a digital asset that—
- company
means a corporation, partnership, business trust, association, or similar organization and, unless specifically excluded, the term “company” includes a “member bank” and a “bank”;
- covered transaction
means—
- credit facility
has the same meaning as in section 714(f)(1)(A) of title 31.
- critically undercapitalized
has the same meaning as in section 1831o of this title.
- deal in
includes making, taking, buying, selling, redeeming, or collecting.
- depository institution
means—
- digital asset
has the meaning given the term in section 5901 of this title.
- financial subsidiary
means any company that is a subsidiary of a bank that would be a financial subsidiary of a national bank under section 24a of this title.
- insured depository institution
has the same meaning as in section 1813 of this title.
- law enforcement officers
means personnel who have successfully completed law enforcement training and are authorized to carry firearms and make arrests pursuant to this subsection.
- lottery
includes any arrangement, other than a savings promotion raffle, whereby three or more persons (the “participants”) advance money or credit to another in exchange for the possibility or expectation that one or more but not all of the participants (the “winners”) will receive by reason of their advances more than the amounts they have advanced, the identity of the winners being determined by any means which includes—
- lottery ticket
includes any right, privilege, or possibility (and any ticket, receipt, record, or other evidence of any such right, privilege, or possibility) of becoming a winner in a lottery.
- low-quality asset
means an asset that falls in any one or more of the following categories:
- member bank
includes any subsidiary of a member bank.
- nonpersonal time deposits
means a transferable time deposit or account or a time deposit or account representing funds deposited to the credit of, or in which any beneficial interest is held by, a depositor who is not a natural person.
- official accountholder
means—
- principal underwriter
means any underwriter who, in connection with a primary distribution of securities—
- reservable liabilities
means transaction accounts, nonpersonal time deposits, and all net balances, loans, assets, and obligations which are, or may be, subject to reserve requirements under paragraph (5).
- reserve bank master account and services
means an account in which a Federal reserve bank—
- savings promotion raffle
means a contest in which the sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a savings account or other savings program, where each ticket or entry has an equal chance of being drawn, such contest being subject to regulations that may from time to time be promulgated by the appropriate prudential regulator (as defined in section 5481 of this title).
- securities
means stocks, bonds, debentures, notes, or other similar obligations;
- security
has the meaning given to such term in section 78c(a)(10) of title 15;
- subsidiary
has the same meaning as in section 1841 of this title.
- the continental United States
means the States of the United States and the District of Columbia.
- transaction account
means a deposit or account on which the depositor or account holder is permitted to make withdrawals by negotiable or transferable instrument, payment orders of withdrawal, telephone transfers, or other similar items for the purpose of making payments or transfers to third persons or others.
- undercapitalized depository institution
means any depository institution which—
- violate
includes any action (alone or with another or others) for or toward causing, bringing about, participating in, counseling, or aiding or abetting a violation.
- well capitalized
has the same meaning as in section 1831o(b) of this title.