Branch established under section 5 of the International Banking Act.

CFR · 2024-01-01 · US · Title 12

A foreign bank may operate any state branch as a noninsured branch whenever the foreign bank has entered into an agreement with the FRB to accept at that branch only those deposits as would be permissible for a corporation organized under section 25(a) of the Federal Reserve Act (12 U.S.C. 611

official document · source cfr-2024 · id 12:§ 347.214