The definitions of sections 211.1 and 211.2
in subpart A apply to this subpart, subject to the following:
(a) Appropriate Federal Reserve Bank has the same meaning
as in section 211.21(c).
(b) Bank has the same meaning
as in section 2(c) of the BHC Act (12 U.S.C. 1841(c)).
(c) Company has the same meaning as in section 2(b) of the BHC Act
(12 U.S.C. 1841(b)).
(d) Eligible investors means—
(1) bank holding companies,
as defined in section 2(a) of the BHC Act (12 U.S.C. 1841(a));
(2) Edge and agreement corporations
that are subsidiaries of bank holding companies but are not subsidiaries
of banks;
(3) banker’s banks, as
described in section 4(c)(14)(F)(iii) of the BHC Act (12 U.S.C. 1843(c)(14)(F)(iii));
and
(4) foreign banking organizations,
as defined in section 211.21(o).
3-650.1
(e) Export trading company means a company that is exclusively engaged in activities related
to international trade and, by engaging in one or more export trade
services, derives—
(1)
at least one-third of its revenues in each consecutive four-year period
from the export of, or from facilitating the export of, goods and
services produced in the United States by persons other than the export
trading company or its subsidiaries; and
(2) more revenues in each four-year period
from export activities as described in paragraph (e)(1) of this section
than it derives from the import, or facilitating the import, into
the United States of goods or services produced outside the United
States. The four-year period within which to calculate revenues derived
from its activities under this section shall be deemed to have commenced
with the first fiscal year after the respective export trading company
has been in operation for two years.
(f) Revenues shall include net sales revenues from exporting, importing, or third-party
trade in goods by the export trading company for its own account and
gross revenues derived from all other activities of the export trading
company.
(g) Subsidiary has the same meaning as in section
2(d) of the BHC Act (12 U.S.C. 1841(d)).
(h) Well capitalized has the same meaning as in section 225.2(r) of Regulation Y (12
CFR 225.2(r)).
(i) Well managed has the same meaning
as in section 225.2(s) of Regulation Y (12 CFR 225.2(s)).
