District Of Columbia § 26-1401.02 - Definitions.

“Affiliate” shall have the same meaning as set forth in .

“Appropriate federal financial institutions agency” shall have the same meaning as set forth in .

“Bank holding company” shall have the same meaning as set forth in section 2(a) of the Bank Holding Company Act of 1956, approved May 9, 1956 (70 Stat. 133; 12 U.S.C. § 1841(a)).

“Capital” shall have the same meaning as set forth in .

“Capital accounts” means unimpaired capital stock, unimpaired surplus, and undivided profits or retained earnings of a financial institution.

“Capital stock” means the aggregate of shares of nonwithdrawable capital stock issued.

“Commissioner” shall have the same meaning as set forth in .

“Community Reinvestment Act” means the Community Reinvestment Act of 1977, approved October 12, 1977 (91 Stat. 1147; 12 U.S.C. § 2901 ).

“Department” shall have the same meaning as set forth in .

“Director” shall have the same meaning as set forth in .

“District” means the District of Columbia.

“District of Columbia Banking Code” shall have the same meaning as set forth in .

“District savings institution” shall have the same meaning as set forth in .

“Equity securities” means a security representing an ownership interest in a corporation.or independent agency head

“Federal agency” shall have the same meaning as set forth in .

“Federal financial institutions agency” means a federal government agency with regulatory authority over a financial institution.

“Federally chartered savings institutions” means a financial institution chartered by the Office of Thrift Supervision, or a successor agency to the Office of Thrift Supervision.

“Financial institution” shall have the same meaning as set forth in .

“Investment securities” means commercial paper, banker’s acceptances, marketable securities in the form of bonds, notes, and debentures, and similar instruments that are regarded as investment securities.

“Loan” includes a line of credit or other extension of credit.

“Low-income” means an individual income that is less than 60% of the median individual income for the Washington, D.C. metropolitan area according to the statistics of the United States Department of Housing and Urban Development or a median family income that is less than 60% of the median family income for the Washington, D.C. metropolitan area according to the statistics of the United States Department of Housing and Urban Development.

“Moderate-income” means an individual income that is at least 60%, and less than 80%, of the median individual income for the Washington, D.C. metropolitan area according to the statistics of the United States Department of Housing and Urban Development, or a median family income that is at least 60%, and less than 80%, of the median family income for the Washington, D.C. metropolitan area according to the statistics of the United States Department of Housing and Urban Development.

“National bank” means a financial institution chartered and supervised by the Office of the Comptroller of the Currency, or a successor agency to the Office of the Comptroller of the Currency.

“Person” shall have the same meaning as set forth in .

“Savings institution” shall have the same meaning as set forth in .

“State bank” means a bank chartered and supervised by a financial institutions agency of a state of the United States.

“State financial institutions agency” means a government agency of a state of the United States authorized to charter and supervise financial institutions.

“Subsidiary” shall have the same meaning as set forth in .

“Superior Court” means the Superior Court of the District of Columbia.

“Universal bank” means a financial institution which is authorized by its articles of incorporation or other organizational documents to act as a financial institution and is certified under this chapter as a universal bank.