US Code

Public Law 119-73 (01/23/2026)

11 U.S.C. § 781

Definitions

For purposes of this subchapter, the following definitions shall apply:
(1)

Board .—

The term “Board” means the Board of Governors of the Federal Reserve System.
(2)

Depository institution .—

The term “depository institution” has the same meaning as in section 3 of the Federal Deposit Insurance Act.
(3)

Clearing bank .—

1
1 See References in Text note below.
The term “clearing bank” means an uninsured State member bank, or a corporation organized under section 25A of the Federal Reserve Act, which operates, or operates as, a multilateral clearing organization pursuant to section 409  of the Federal Deposit Insurance Corporation Improvement Act of 1991.

Pub. L. 106–554, § 1(a)(5) [title I, § 112(c)(5)(B)]114 Stat. 2763(Added , , , 2763A–394.)

Editorial Notes

References in Text

section 1813 of Title 12Section 3 of the Federal Deposit Insurance Act, referred to in par. (2), is classified to , Banks and Banking.

section 611 of Title 12Section 25A of the Federal Reserve Act, referred to in par. (3), popularly known as the Edge Act, is classified to subchapter II (§ 611 et seq.) of chapter 6 of Title 12, Banks and Banking. For complete classification of this Act to the Code, see Short Title note set out under and Tables.

section 4422 of Title 12Pub. L. 111–203, title VII, § 740124 Stat. 1729Section 409 of the Federal Deposit Insurance Corporation Improvement Act of 1991, referred to in par. (3), which was classified to , Banks and Banking, was repealed by , , .