TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: OFFICE OF BANKS AND REAL ESTATE
PART 305 BANK BRANCHES
SECTION 305.10 DEFINITIONS


 

Section 305.10  Definitions

 

            "Act" means the Illinois Banking Act [205 ILCS 5].

 

            "Appropriate federal banking agency" means the Federal Deposit Insurance Corporation, the Federal Reserve Bank of Chicago or the Federal Reserve Bank of St. Louis.

 

            "Notice" means a copy of the state bank's application to its appropriate federal banking agency for approval to establish a branch.

 

            "Office" means the Office of Banks and Real Estate.

 

            "State bank" means a bank that has a banking charter issued under the Act.

 

(Source:  Amended at 21 Ill. Reg. 8367, effective June 24, 1997)