# D.C. Code § 26-1401.02: Definitions > District of Columbia · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.02 ## Section - **Citation:** D.C. Code § 26-1401.02 - **Heading:** Definitions - **Jurisdiction:** District of Columbia - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** DC Code / Title 26 / Chapter 14 / § 26-1401.02 ## Text For the purposes of this chapter, the term: (1) “Affiliate” shall have the same meaning as set forth in § 26-551.02(1) . (2) “Appropriate federal financial institutions agency” shall have the same meaning as set forth in § 26-551.02(2) . (3) “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)). (4) “Capital” shall have the same meaning as set forth in § 26-551.02(6) . (5) “Capital accounts” means unimpaired capital stock, unimpaired surplus, and undivided profits or retained earnings of a financial institution. (6) “Capital stock” means the aggregate of shares of nonwithdrawable capital stock issued. (7) “Commissioner” shall have the same meaning as set forth in § 26-551.02(7) . (8) “Community Reinvestment Act” means the Community Reinvestment Act of 1977, approved October 12, 1977 (91 Stat. 1147; 12 U.S.C. § 2901 et seq. ). (9) “Department” shall have the same meaning as set forth in § 26-551.02(9) . (10) “Director” shall have the same meaning as set forth in § 26-551.02(10) . (11) “District” means the District of Columbia. (12) “District of Columbia Banking Code” shall have the same meaning as set forth in § 26-551.01(14) . (13) “District savings institution” shall have the same meaning as set forth in § 26-551.02(15) . (14) “Equity securities” means a security representing an ownership interest in a corporation.or independent agency head (15) “Federal agency” shall have the same meaning as set forth in § 26-551.02(17) . (16) “Federal financial institutions agency” means a federal government agency with regulatory authority over a financial institution. (17) “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. (18) “Financial institution” shall have the same meaning as set forth in § 26-551.02(18) . eral financial institutions agency” means a federal government agency with regulatory authority over a financial institution. (17) “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. (18) “Financial institution” shall have the same meaning as set forth in § 26-551.02(18) . (19) “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. (20) “Loan” includes a line of credit or other extension of credit. (21) “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. (22) “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. (23) “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. (24) “Person” shall have the same meaning as set forth in § 26-551.02(21) . (25) “Savings institution” shall have the same meaning as set forth in § 26-551.02(23) . ent of Housing and Urban Development. (23) “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. (24) “Person” shall have the same meaning as set forth in § 26-551.02(21) . (25) “Savings institution” shall have the same meaning as set forth in § 26-551.02(23) . (26) “State bank” means a bank chartered and supervised by a financial institutions agency of a state of the United States. (27) “State financial institutions agency” means a government agency of a state of the United States authorized to charter and supervise financial institutions. (28) “Subsidiary” shall have the same meaning as set forth in § 26-551.02(24) . (29) “Superior Court” means the Superior Court of the District of Columbia. (30) “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. ## Nearby sections - [D.C. Code § 26-1401.01 § 26-1401.01. Short title.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.01.md) - [D.C. Code § 26-1401.02 § 26-1401.02. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.02.md) - [D.C. Code § 26-1401.03 § 26-1401.03. Application to be certified as a universal bank; review and approval or disapproval of application.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.03.md) - [D.C. Code § 26-1401.04 § 26-1401.04. Issuance of certificate of authority.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.04.md) - [D.C. Code § 26-1401.05 § 26-1401.05. Revocation or subsequent limitation of certificate of authority.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.05.md) - [D.C. Code § 26-1401.06 § 26-1401.06. Voluntary termination of certification.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.06.md) - [D.C. Code § 26-1401.07 § 26-1401.07. Preexisting powers of universal banks.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.07.md) - [D.C. Code § 26-1401.08 § 26-1401.08. Parity of powers of universal bank.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.08.md) - [D.C. Code § 26-1401.09 § 26-1401.09. Specific powers of universal banks.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.09.md) - [D.C. Code § 26-1401.10 § 26-1401.10. Necessary or convenient powers.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.10.md) - [D.C. Code § 26-1401.11 § 26-1401.11. Reasonably related and incidental activities.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.11.md) - [D.C. Code § 26-1401.12 § 26-1401.12. Limitations on loan power of universal banks.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.12.md) - [D.C. Code § 26-1401.13 § 26-1401.13. Limitations on investment powers of universal bank.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.13.md) - [D.C. Code § 26-1401.14 § 26-1401.14. Exceptions to limitations on investment powers of universal banks.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.14.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C14_S26-1401.02. Check the current official text before relying on it. Not legal advice.