D.C. Mun. Regs. tit. 26, r. 26-C101

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 26-C101 - SCOPE

101.1

These rules shall govern the chartering, licensing and granting of authorization to do business for:

(a) Banks, trust companies, or other financial institutions including District branches and agencies of foreign banks seeking to establish in the District, pursuant to D.C. Official Code §§ 26-101etseq., an office or banking house where deposits or savings are received;

(b) Savings and loan associations and similar thrift institutions seeking to establish in the District, pursuant to D.C. Official Code §§ 26-201etseq., an office doing a thrift business; and

(c) National banks converting to a District bank charter.

101.2

These rules shall govern the supervision of the following:

(a) Any entity organized or chartered pursuant to D.C. Official Code §§ 26-101 et seq.;

(b) Any District bank organized pursuant to the laws of the District of Columbia;

(c) Any regional bank holding company wishing to do business, doing business, or expanding the scope of its business in the District;

(d) Any nonregional bank holding company wishing to do business, doing business, or expanding the scope of its business in the District;

(e) Any District savings and loan association, savings bank, or similar thrift institution organized pursuant to the laws of the District of Columbia;

(f) Any District branch or agency of a foreign bank;

(g) Changes in control of covered District financial institutions; and

(h) The opening and establishing of branches and other business offices by financial institutions.

101.3

[RESERVED]

101.4

These rules establish procedures for the following:

(a) Reserving a name under which a financial institution may do business; and

(b) Obtaining a certificate of authority or of good standing from the Commissioner.

D.C. Mun. Regs. tit. 26, r. 26-C101

Final Rulemaking published at 35 DCR 6276, 6277-6278 (August 19, 1988)