12 C.F.R. § 347.213   Establishment or operation of noninsured foreign branch.


Title 12 - Banks and Banking


Title 12: Banks and Banking
PART 347—INTERNATIONAL BANKING
Subpart B—Foreign Banks

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§ 347.213   Establishment or operation of noninsured foreign branch.

(a) A foreign bank may establish or operate a state branch, as provided by state law, without federal deposit insurance whenever:

(1) The branch only accepts initial deposits in an amount of $100,000 or greater; or

(2) The branch meets the criteria set forth in §§347.214 or 347.215.

(b) [Reserved]

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