; (B) a State or Tribally chartered corporation; (C) a nonprofit instrumentality designated by a State or Tribal government as acting in the public interest of a community within such State or Tribe, including an unincorporated community; or (D) an association of 1 or more entities described in subparagraphs (A) through (C); (2) that— (A) is not owned or governed by, operated as a subsidiary of, or otherwise affiliated with any for-profit entity; (B) does not own, govern, or operate a subsidiary that is any for-profit entity; and (C) does not compensate any employee, executive, or board member at a rate to exceed the salary of the President of the United States for that equivalent period; and (3) provides— (A) fiscal agent services; (B) money transmitter services; (C) digital dollar services as a pass-through intermediary for the Federal Government; (D) depository services; (E) banking services in partnership with the United States Postal Service; (F) municipal deposit services; (G) securities-related services; or (H) any lending product approved by the Board of Governors, including participation loans and letters of credit. (c) Public payment bank defined In this Act, the term public payment bank means a person that— (1) is wholly owned and controlled by an entity described in subsection (b)(1); (2) provides at least one of the services specified in subparagraphs (A) through (F) of subsection (b)(3)