12 CFR § 333.1
Classification of general character of business
November 10, 2020
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.
2A bank's business may include two or more of the general classifications.
[15 FR 8644, Dec. 6, 1950]
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