Source: https://www.law.cornell.edu/cfr/text/12/309.2?quicktabs_7=2
Timestamp: 2015-09-02 04:41:45
Document Index: 108107446

Matched Legal Cases: ['art 309', '§ 309', '§ 309', '§ 309', '§ 309', '§ 309', 'art 309']

12 CFR 309.2 - Definitions. | US Law | LII / Legal Information Institute
CFR › Title 12 › Chapter III › Subchapter A › Part 309 › Section 309.2 12 CFR 309.2 - Definitions.
The termdepository institution, as used in § 309.6, includes depository institutions that have applied to the Corporation for federal deposit insurance, closed depository institutions, presently operating federally insured depository institutions, foreign banks, branches of foreign banks, and all affiliates of any of the foregoing.
The termsCorporation or FDIC mean the Federal Deposit Insurance Corporation.
The wordsdisclose or disclosure, as used in § 309.6, mean to give access to a record, whether by producing the written record or by oral discussion of its contents. Where the Corporation employee authorized to release Corporation documents makes a determination that furnishing copies of the documents is necessary, the words disclose or disclosure include the furnishing of copies of documents or records. In addition, disclose or disclosure as used in § 309.6 is synonymous with the term transfer as used in the Right to Financial Privacy Act of 1978 (12 U.S.C. 3401
The termexamination includes, but is not limited to, formal and informal investigations of irregularities involving suspected violations of federal or state civil or criminal laws, or unsafe and unsound practices as well as such other investigations as may be conducted pursuant to law.
The termrecord includes records, files, documents, reports, correspondence, books, and accounts, or any portion thereof, in any form the FDIC regularly maintains them.
The termreport of examination includes, but is not limited to, examination reports resulting from examinations of depository institutions conducted jointly by Corporation examiners and state banking authority examiners or other federal financial institution examiners, as well as reports resulting from examinations conducted solely by Corporation examiners. The term also includes compliance examination reports.
The termcustomer financial records, as used in § 309.6, means an original of, a copy of, or information known to have been derived from, any record held by a depository institution pertaining to a customer's relationship with the depository institution but does not include any record that contains information not identified with or identifiable as being derived from the financial records of a particular customer. The term customer as used in § 309.6 refers to individuals or partnerships of five or fewer persons.
The termDirector of the Division having primary authority includes Deputies to the Chairman and directors of FDIC Divisions and Offices that create, maintain custody, or otherwise have primary responsibility for the handling of FDIC records or information.
[60 FR 61465, Nov. 30, 1995, as amended at 63 FR 16404, Apr. 3, 1998]
Title 12 published on 2015-01-01.No entries appear in the Federal Register after this date, for 12 CFR Part 309.