§ 333.1 Classification of general character of business.
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Title 12 CFR: Banks and Banking › Chapter III: FEDERAL DEPOSIT INSURANCE CORPORATION › Part 333: EXTENSION OF CORPORATE POWERS › § 333.1: § 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,
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viz: commercial banks, banks and trust companies, savings banks (including mutual and stock), industrial banks, and cash depositories.
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A bank's business may include two or more of the general classifications.
[15 FR 8644, Dec. 6, 1950]
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