{"data":{"id":"us-dc/d.c.-code-26-1401.02","jurisdiction":"us-dc","citation":"D.C. Code § 26-1401.02","heading":"Definitions.","body":"For the purposes of this chapter, the term:\n\n(1)\n“Affiliate” shall have the same meaning as set forth in § 26-551.02(1).\n\n(2)\n“Appropriate federal financial institutions agency” shall have the same meaning as set forth in § 26-551.02(2).\n\n(3)\n“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)).\n\n(4)\n“Capital” shall have the same meaning as set forth in § 26-551.02(6).\n\n(5)\n“Capital accounts” means unimpaired capital stock, unimpaired surplus, and undivided profits or retained earnings of a financial institution.\n\n(6)\n“Capital stock” means the aggregate of shares of nonwithdrawable capital stock issued.\n\n(7)\n“Commissioner” shall have the same meaning as set forth in § 26-551.02(7).\n\n(8)\n“Community Reinvestment Act” means the Community Reinvestment Act of 1977, approved October 12, 1977 (91 Stat. 1147; 12 U.S.C. § 2901 et seq.).\n\n(9)\n“Department” shall have the same meaning as set forth in § 26-551.02(9).\n\n(10)\n“Director” shall have the same meaning as set forth in § 26-551.02(10).\n\n(11)\n“District” means the District of Columbia.\n\n(12)\n“District of Columbia Banking Code” shall have the same meaning as set forth in § 26-551.01(14).\n\n(13)\n“District savings institution” shall have the same meaning as set forth in § 26-551.02(15).\n\n(14)\n“Equity securities” means a security representing an ownership interest in a corporation.or independent agency head\n\n(15)\n“Federal agency” shall have the same meaning as set forth in § 26-551.02(17).\n\n(16)\n“Federal financial institutions agency” means a federal government agency with regulatory authority over a financial institution.\n\n(17)\n“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.\n\n(18)\n“Financial institution” shall have the same meaning as set forth in § 26-551.02(18).\n\n(19)\n“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.\n\n(20)\n“Loan” includes a line of credit or other extension of credit.\n\n(21)\n“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.\n\n(22)\n“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.\n\n(23)\n“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.\n\n(24)\n“Person” shall have the same meaning as set forth in § 26-551.02(21).\n\n(25)\n“Savings institution” shall have the same meaning as set forth in § 26-551.02(23).\n\n(26)\n“State bank” means a bank chartered and supervised by a financial institutions agency of a state of the United States.\n\n(27)\n“State financial institutions agency” means a government agency of a state of the United States authorized to charter and supervise financial institutions.\n\n(28)\n“Subsidiary” shall have the same meaning as set forth in § 26-551.02(24).\n\n(29)\n“Superior Court” means the Superior Court of the District of Columbia.\n\n(30)\n“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.","path":["Title 26. Banks and Other Financial Institutions.","Chapter 14. Universal Bank Certification.","Subchapter I. General Provisions."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/26-1401.02","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"f4696bc97937e0af61c52fb7b5bd68f22d302ef4f924c6b0bf9d95e5bd67cb09","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-26-1401.01","next":"us-dc/d.c.-code-26-1401.03"},"notice":"GroundRules: Original legal text. Not legal advice."}