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Edge Act Corporation (G2, Ml)<br />A type of US financial corporation m existence since 1919 which can receive deposits from foreign governments and other non-US residents and from US citizens whose deposits are transmitted abroad. It can also hold foreign securities and engage in foreign exchange activities. These corporations can be either banking corporations mainly concerned with accepting deposits or corporations principally involved in investing in foreign nonbanking firms. The advantages of being a corporation of this kind are that they can operate across state boundaries, in the case of international transactions, and that their investments can be wider than those of FEDERAL RESERVE member banks, e.g. in foreign finance.<br /><em>See also:</em> McFadden Branch Banking Act
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<strong>Rescheduling a disbursement</strong> – A pre-disbursement change transaction updating the date loan funds should be issued to the school or escrow agent. Within CommonLine 4 files, this transaction is referred to as a disbursement date change and is located within the @1-09 record.
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