Interstate banking operations of foreign banking organizations.

CFR · 2024-01-01 · US · Title 12

(a) (2) A foreign bank that has any branches, agencies, commercial lending company subsidiaries, or subsidiary banks in one state, and has no such offices or subsidiaries in any other states, shall have as its home state the state in which such offices or subsidiaries are located. (b) (2) (ii) A foreign bank may apply to the Board for such permission one or more times. (iii) In determining whether to grant the request of a foreign bank to change its home state, the Board shall consider whether the proposed change is consistent with competitive equity between foreign and domestic banks. (3) (4) (c)

official document · source cfr-2024 · id 12:§ 211.22