Exemptions from insurance requirements for a state branch of a foreign bank.

CFR · 2024-01-01 · US · Title 12

(a) Filing procedures—(1) (2) (i) The kinds of deposit activities in which the state branch proposes to engage; (ii) The expected source of deposits; (iii) The manner in which deposits will be solicited; (iv) How the activity will maintain or improve the availability of credit to all sectors of the United States economy, including the international trade finance sector; (v) That the activity will not give the foreign bank an unfair competitive advantage over United States banking organizations; and (vi) A resolution by the applicant's board of directors, or evidence of approval by senior management if a resolution is not required pursuant to the applicant's organizational documents, authorizing the filing of the application. (3) (4)

official document · source cfr-2024 · id 12:§ 303.186