31 CFR §566.316
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The term payable-through account means an account, including a transaction account as defined in § 566.317, opened at a depository institution by a foreign financial institution by means of which the foreign financial institution permits its customers to engage, either directly or through a subaccount, in banking activities usual in connection with the business of banking in the United States.