12 CFR 347.214 - Branch established under section 5 of the International Banking Act.

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Title 12: Banks and Banking

CHAPTER III: FEDERAL DEPOSIT INSURANCE CORPORATION

SUBCHAPTER B: REGULATIONS AND STATEMENTS OF GENERAL POLICY

PART 347: INTERNATIONAL BANKING

Subpart B: Foreign Banks

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).

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