---
kind: "section"
citation: "12 C.F.R. § 303.186"
title: "12"
number: "303.186"
heading: "Exemptions from insurance requirements for a state branch of a foreign bank."
url: "https://uscodex.org/cfr/12/303.186"
---

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

- (a) **Filing procedures—**
  - (1) **Where to file.** An application by a foreign bank for consent to operate as a noninsured state branch, as permitted by [§ 347.215(b)](/cfr/12/347.215.md?p=b) of this chapter, shall be submitted in writing to the appropriate FDIC office.
  - (2) **Content of filing.** A complete letter application shall include the following information:
    - (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) **Additional information.** The FDIC may request additional information to complete processing.
  - (4) **Processing.** The FDIC will provide the applicant with written notification of the final action taken.

## Notes

### Amendments

[67 FR 79247, Dec. 27, 2002, as amended at 70 FR 17559, Apr. 6, 2005]

### Authority

Authority: 12 U.S.C. 378, 1464, 1813, 1815, 1817, 1818, 1819(a) (Seventh and Tenth), 1820, 1823, 1828, 1829, 1831a, 1831e, 1831 o, 1831p-1, 1831w, 1835a, 1843(l), 3104, 3105, 3108, 3207, 5414, 5415, and 15 U.S.C. 1601-1607.

### Source

Source: 67 FR 79247, Dec. 27, 2002, unless otherwise noted.

### Amendments

[67 FR 79247, Dec. 27, 2002, as amended at 70 FR 17559, Apr. 6, 2005]