12 CFR § 265.9 - Functions delegated to the Director of the Division of International Finance.

The Director of the Division of International Finance (or the Director's delegatee) is authorized:

(a) Establishment of foreign accounts. To approve the establishment of foreign accounts and the terms of any account-related agreements with the Federal Reserve Bank of New York under section 14(e) of the Federal Reserve Act (12 U.S.C. 358).

(b) [Reserved]