12 CFR § 390.303 - Parent company; subsidiary.

---
identifier: "/us/cfr/t12/s390.303"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 390.303 - Parent company; subsidiary."
title_number: 12
title_name: "Banks and Banking"
section_number: "390.303"
section_name: "Parent company; subsidiary."
chapter_name: "FEDERAL DEPOSIT INSURANCE CORPORATION"
subchapter_number: "B"
subchapter_name: "REGULATIONS AND STATEMENTS OF GENERAL POLICY"
part_number: "390"
part_name: "REGULATIONS TRANSFERRED FROM THE OFFICE OF THRIFT SUPERVISION"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1819."
regulatory_source: "76 FR 47655, Aug. 5, 2011, unless otherwise noted."
cfr_part: "390"
---


# 390.303 Parent company; subsidiary.

The term *parent company* means any company which directly or indirectly controls any other company or companies. The term *subsidiary* means any company which is owned or controlled directly or indirectly by a person, and includes a subsidiary owned in whole or in part by a State savings association, or a subsidiary of that subsidiary.