Establishment or operation of noninsured foreign branch.

CFR · 2024-01-01 · US · Title 12

(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. (b) [Reserved]

official document · source cfr-2024 · id 12:§ 347.213