---
kind: "section"
citation: "12 C.F.R. § 240.8"
title: "12"
number: "240.8"
heading: "Capital requirements."
url: "https://uscodex.org/cfr/12/240.8"
---

# §240.8. Capital requirements.

- (a) **Capital required for a state member bank.** A banking institution defined in [section 240.2(b)(1)](/cfr/12/240.2.md?p=b-1) offering or entering into retail forex transactions must be well-capitalized as defined in [section 208.43](/cfr/12/208.43.md) of Regulation H ([12 CFR 208.43](/cfr/12/208.43.md)).
- (b) **Capital required for an uninsured state-licensed branch of a foreign bank.** A banking institution defined in [§ 240.2(b)(2)](/cfr/12/240.2.md?p=b-2) offering or entering into retail forex transactions must be well-capitalized under the capital rules made applicable to it pursuant to [§ 225.2(r)(3)](/cfr/12/225.2.md?p=r-3) of Regulation Y ([12 CFR 225.2(r)(3)](/cfr/12/225.2.md?p=r-3)).
- (c) **Capital required for financial holding companies and bank holding companies.** A banking institution defined in § [240.2(b)(3)](/cfr/12/240.2.md?p=b-3) or [(4)](/cfr/12/240.2.md?p=b-4) offering or entering into retail forex transactions must be well-capitalized as defined in [§ 225.2(r)](/cfr/12/225.2.md?p=r) of Regulation Y ([12 CFR 225.2(r)](/cfr/12/225.2.md?p=r)).
- (d) **Capital required for savings and loan holding companies.** A banking institution defined in [§ 240.2(b)(5)](/cfr/12/240.2.md?p=b-5) offering or entering into retail forex transactions must be well-capitalized as defined in [§ 238.2(s)](/cfr/12/238.2.md?p=s) of Regulation LL ([12 CFR 238.2(s)](/cfr/12/238.2.md?p=s)).
- (e) **Capital required for an agreement corporation or Edge Act corporation.** A banking institution defined in § [240.2(b)(6)](/cfr/12/240.2.md?p=b-6) or [(7)](/cfr/12/240.2.md?p=b-7) offering or entering into retail forex transactions must maintain capital in compliance with the capital adequacy guidelines that are made applicable to an Edge corporation engaged in banking pursuant to [§ 211.12 (c)(2)](/cfr/12/211.12.md?p=c-2) of Regulation K ([12 CFR 211.12(c)(2)](/cfr/12/211.12.md?p=c-2)).

## Notes

### Authority

Authority: 7 U.S.C. 2(c)(2)(E), 12 U.S.C. 248, 321-338, 1813(q), 1818, 1844(b), 3106a, 3108.

### Source

Source: 78 FR 21027, Apr. 9, 2013, unless otherwise noted.