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).
Customer does not include a broker or dealer or a government securities broker or dealer.
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)).
Non-institutional customer means any customer other than:
A bank, savings association, insurance company, or registered investment company;
An investment adviser registered under section 203 of the Investment Advisers Act of 1940 (15 U.S.C. 80b-3); or
Any entity (whether a natural person, corporation, partnership, trust, or otherwise) with total assets of at least $50 million.
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