{"data":{"id":"us/12-cfr-13.2","jurisdiction":"us","citation":"12 CFR 13.2","heading":"Definitions.","body":"(a) Bank that is a government securities broker or dealer means a national bank that has filed notice, or is required to file notice, as a government securities broker or dealer pursuant to section 15C of the Securities Exchange Act (15 U.S.C. 78o-5) and Department of the Treasury rules under section 15C (17 CFR 400.1(d) and part 401).\n(b) Customer does not include a broker or dealer or a government securities broker or dealer.\n(c) Government security has the same meaning as this term has in section 3(a)(42) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)(42)).\n(d) Non-institutional customer means any customer other than:\n(1) A bank, savings association, insurance company, or registered investment company;\n(2) An investment adviser registered under section 203 of the Investment Advisers Act of 1940 (15 U.S.C. 80b-3); or\n(3) Any entity (whether a natural person, corporation, partnership, trust, or otherwise) with total assets of at least $50 million.","path":["Title 12—Banks and Banking","CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY","PART 13—GOVERNMENT SECURITIES SALES PRACTICES"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"d2f61b0c2a88edd62f9acfe1d7fce657e7453856836ccb6b31ef3a78e16bb36f","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-13.1","next":"us/12-cfr-13.3"},"notice":"GroundRules: Original legal text. Not legal advice."}