Regional administrative office

Regional administrative office means a representative office that:
(1) Is established by a foreign bank that operates two or more branches, agencies, commercial lending companies, or banks in the United States;
(2) Is located in the same city as one or more of the foreign bank's branches, agencies, commercial lending companies, or banks in the United States;
(3) Manages, supervises, or coordinates the operations of the foreign bank or its affiliates, if any, in a particular geographic area that includes the United States or a region thereof, including by exercising credit approval authority in that area pursuant to written standards, credit policies, and procedures established by the foreign bank; and
(4) Does not solicit business from actual or potential customers of the foreign bank or its affiliates.

Source

12 CFR § 211.21

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Scoping language

The definitions contained in 211.1 and 211.2 apply to this subpart, except as a term is otherwise defined in this section:

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