The FDIC will not insure deposits in any branch of a foreign bank unless the foreign bank agrees that every branch established or operated by the foreign bank in the same state that engages in domestic retail deposit activity will be an insured branch.
authority: 12 U.S.C. 1813,
1815,
1817,
1819,
1820,
1828,
3103,
3104,
3105,
3108,
3109; Pub L. No. 111-203, section 939A, 124 Stat. 1376, 1887 (July 21, 2010) (codified
15 U.S.C. 78o-7 note)
source: 70 FR 17560, Apr. 6, 2005, unless otherwise noted.
cite as: 12 CFR 347.203