Definitions.

CFR · 2024-01-01 · US · Title 12

As used in this part: (1) A deposit in another Bank; (2) A demand account in a Federal Reserve Bank; (3) A deposit in or sale of Federal funds to: (i) An insured depository institution, as defined in section 2(9) of the Bank Act, that is designated by the Bank's board of directors; (ii) A trust company that is a member of the Federal Reserve System or insured by the Federal Deposit Insurance Corporation and is designated by the Bank's board of directors; or (iii) A U.S. branch or agency of a foreign Bank as defined in the International Banking Act of 1978, as amended, (12 U.S.C. 3101 (1) There is adequate financial backing so that full and timely payment of principal and interest on such security or obligation is expected; and (2) There is minimal risk that the timely payment of principal or interest would not occur because of adverse

official document · source cfr-2024 · id 12:§ 1267.1