31 CFR 566.316

§ 566.316 Payable-through account.

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

Cite this

Citation: 31 CFR 566.316, § 566.316 Payable-through account, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/142525
Permanent ID: ys:prov:142525@1
SHA-256: 7e63fa6628b0aaf4da2590ae9933e65787d6bfcdfd38b09eb7995bc3c221afe5

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Full text

The term payable-through account means an account, including a transaction account as defined in § 566.317, opened at a depository institution by 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.