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(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.
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.
This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].
It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.
§ 1813 - Definitions
§ 1815 - Deposit insurance
§ 1817 - Assessments
§ 1819 - Corporate powers
§ 1820 - Administration of Corporation
§ 1828 - Regulations governing insured depository institutions
§ 3103 - Interstate banking by foreign banks
§ 3104 - Insurance of deposits
§ 3105 - Authority of Federal Reserve System
§ 3108 - Regulation and enforcement
§ 3109 - Cooperation with foreign supervisors
97 Stat. 1153