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Agreement corporation

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Agreement corporation
Corporation chartered by a state to engage in international banking: so named because the corporation enters into an "agreement" with the Fed's Board of Governors that it will limit its activities to those permitted by an Edge Act Corporation.

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, also in Birmingham, an agreement corporation subsidiary of SouthTrust of Alabama, pursuant to sections 25 and 25A of the Federal Reserve Act and the Board's Regulation K.
JP Morgan also proposes to acquire Bank One Corporation's Edge and Agreement corporations, which are organized under sections 25 and 25A of the Federal Reserve Act.
(b) Banking institution means a State member bank; bank holding company; Edge Corporation and Agreement Corporation engaged in banking.
 
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