---
kind: "section"
citation: "31 C.F.R. § 566.316"
title: "31"
number: "566.316"
heading: "Payable-through account."
url: "https://uscodex.org/cfr/31/566.316"
---

# §566.316. Payable-through account.


The term payable-through account means an account, including a transaction account as defined in [§ 566.317](/cfr/31/566.317.md), opened at a depository institution by a foreign financial institution by means of which the foreign financial institution permits its customers to engage, either directly or through a subaccount, in banking activities usual in connection with the business of banking in the United States.


## Notes

### Authority

Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); Pub. L. 114-102, 129 Stat. 2205 (50 U.S.C. 1701 note); Pub. L. 115-272, 132 Stat. 4144 (50 U.S.C. 1701 note).

### Source

Source: 81 FR 22186, Apr. 15, 2016, unless otherwise noted.