12 C.F.R. § 347.214

Current through November 30, 2024

Section 347.214 - Branch established under section 5 of the International Banking Act

A foreign bank may operate any state branch as a noninsured branch whenever the foreign bank has entered into an agreement with the FRB to accept at that branch only those deposits as would be permissible for a corporation organized under section 25(a) of the Federal Reserve Act (12 U.S.C. 611 et seq.) and implementing rules and regulations administered by the FRB (12 CFR 211 ).

12 C.F.R. §347.214