Definitions relating to nonmember banks

The term “national nonmember bank” means any national bank which—

(A) is located in any territory of the United States, Puerto Rico, Guam, American Samoa, the Virgin Islands, or the Northern Mariana Islands; and

(B) is not a member of the Federal Reserve System.

The term “State nonmember bank” means any State bank which is not a member of the Federal Reserve System.