31 CFR 510.321

§ 510.321 Payable-through account.

United States · 31 CFR — Money and Finance: Treasury · Status: effective

Cite this

Citation: 31 CFR 510.321, § 510.321 Payable-through account, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/140873
Permanent ID: ys:prov:140873@1
SHA-256: f198ce89c97fee9fd26e5c4e200ceb7cdf4c5ce6a217003a8754e90dc232547c

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Full text

The term payable-through account means a correspondent account maintained by a U.S. financial institution for a foreign financial institution by means of which the foreign financial institution permits its customers to engage, either directly or through a subaccount, in banking activities usual in connection with the business of banking in the United States.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.