12 CFR 28.23

§ 28.23 Procedures for closing of some of a foreign bank's Federal branches and/or agencies.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 28.23, § 28.23 Procedures for closing of some of a foreign bank's Federal branches and/or agencies, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43354
Permanent ID: ys:prov:43354@1
SHA-256: 142da5ae5417252c24a91131fff55068ccbccf2c1b4b8a1688ce36ee8f4ea67b

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Full text

In cases where § 28.22 does not apply, and a foreign bank is closing one or more, but not all, of its Federal branches and/or agencies, it shall follow the procedures set forth in 12 U.S.C. 1831r-1(a) and (b) (branch closings).

Legislative history

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