12 CFR 347.203
§ 347.203 Deposit insurance required for all branches of foreign banks engaged in domestic retail deposit activity in the same State.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 347.203, § 347.203 Deposit insurance required for all branches of foreign banks engaged in domestic retail deposit activity in the same State, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46874
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Full text
The FDIC will not insure deposits in any branch of a foreign bank unless the foreign bank agrees that every branch established or operated by the foreign bank in the same state that engages in domestic retail deposit activity will be an insured branch.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.