New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 3. Banking |
Chapter I. General Regulations of the Superintendent |
Part 51. Pledge of Assets by Foreign Banking Corporations in New York |
Sec. 51.1. Definitions
Latest version.
- For the purposes of this Part:(a) the term foreign branch means a branch of a foreign banking corporation licensed pursuant to article II of the Banking Law;(b) the term foreign agency means an agency of a foreign banking corporation licensed pursuant to article II of the Banking Law;(c) the term depository means a bank or trust company or private banker or national bank in the State of New York or the Federal Reserve Bank of New York;(d) the term deposit agreement means an agreement executed between a foreign branch or foreign agency and one or more depositories and approved by the superintendent;(e) the term department means the New York State Department of Financial Services; and(f) the term superintendent means the superintendent of the State of New York.