12 CFR 347.213 - Establishment or operation of noninsured foreign branch.

§ 347.213 Establishment or operation of noninsured foreign branch.
(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]
[70 FR 17560, Apr. 6, 2005, as amended at 74 FR 47718, Sept. 17, 2009]

Title 12 published on 2014-01-01

no entries appear in the Federal Register after this date.

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