12 CFR 347.214
§ 347.214 Branch established under section 5 of the International Banking Act.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 347.214, § 347.214 Branch established under section 5 of the International Banking Act, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46885
- Permanent ID
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Full text
A foreign bank may operate any state branch as a noninsured branch whenever the foreign bank has entered into an agreement with the FRB to accept at that branch only those deposits as would be permissible for a corporation organized under section 25(a) of the Federal Reserve Act (12 U.S.C. 611 et seq.) and implementing rules and regulations administered by the FRB (12 CFR 211).
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.