12 CFR 333.1 - Classification of general character of business.

Regulations last checked for updates: May 06, 2024

Title 12 - Banks and Banking last revised: Apr 23, 2024

View all text of Part 333 [§ 333.1 - § 333.101]

§ 333.1 - Classification of general character of business.

State nonmember insured banks are divided into five categories for the purpose of classifying their general character or type of business, 2 viz: commercial banks, banks and trust companies, savings banks (including mutual and stock), industrial banks, and cash depositories.

2 A bank's business may include two or more of the general classifications.

[15 FR 8644, Dec. 6, 1950]

authority: 12 U.S.C. 1816; 1817(i); 1818; 1819(a) (“Seventh”, “Eighth”, and “Tenth”), 1828, 1828(m), 1831p-1(c), 5414 and 5415

cite as: 12 CFR 333.1