New York legal term
Financial institution in New York Criminal Law
Current through 2026 New York legislative session
In New York criminal law, “Financial institution” is a term defined by statute rather than by its everyday meaning. Its statutory definition — quoted verbatim below — controls how the term is applied throughout the New York criminal code.
What does “Financial institution” mean in New York criminal law?
"Financial institution" means : (a) an insured bank, as defined in section 3(b) of the Federal Deposit Insurance Act, 12 U.S.C. 1813(h); (b) a commercial bank or trust company; (c) a private banker; (d) an agency or branch of a foreign bank in the United States; (e) a credit union; (f) a thrift institution; (g) a broker or dealer registered with the Securities and Exchange Commission under the Securities and Exchange Act of 1934, U.S.C. 78a et seq.; (h) a broker or dealer in securities or commodities; (i) an investment banker or investment company; (j) a currency exchange; (k) an is (N.Y. Penal Law § 470.00)
Statutes defining or using this term
Related terms in the same statutes
This reference is informational and is not legal advice.