C.F.R. » Title 12 » CHAPTER III—FEDERAL DEPOSIT INSURANCE CORPORATION › SUBCHAPTER B—REGULATIONS AND STATEMENTS OF GENERAL POLICY › PART 333—EXTENSION OF CORPORATE POWERS

12 C.F.R. § 333.1

Classification of general character of business

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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.

2 A bank's business may include two or more of the general classifications.

[15 FR 8644, Dec. 6, 1950]