12 CFR 347.213
§ 347.213 Establishment or operation of noninsured foreign branch.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 347.213, § 347.213 Establishment or operation of noninsured foreign branch, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46884
- Permanent ID
ys:prov:46884@1- SHA-256
d3ea3de8701a49d301a6f2f7150ebfb3a4f50a28209d58bd3d9df98386c83f1a
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(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 equal to the SMDIA or greater; or
(2) The branch meets the criteria set forth in § 347.214 or § 347.215.
(b) [Reserved]
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.