12 CFR 310.2 – Definitions
For purposes of this part:
Terms Used In 12 CFR 310.2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
(a) The term Corporation means the Federal Deposit Insurance Corporation;
(b) The term individual means a natural person who is either a citizen of the United States or an alien lawfully admitted for permanent residence;
(c) The term maintain includes maintain, collect, use, disseminate, or control;
(d) The term record means any item, collection or grouping of information about an individual that contains his/her name, or the identifying number, symbol, or other identifying particular assigned to the individual;
(e) The term system of records means a group of any records under the control of the Corporation from which information is retrieved by the name of the individual or some identifying number, symbol or other identifying particular assigned to the individual;
(f) The term designated system of records means a system of records which has been listed and summarized in the
(g) The term routine use means, with respect to disclosure of a record, the use of such record for a purpose which is compatible with the purpose for which it was created;
(h) The terms amend or amendment mean any correction, addition to or deletion from a record; and
(i) The term system manager means the agency official responsible for a designated system of records, as denominated in the