---
kind: "section"
citation: "12 C.F.R. § 347.201"
title: "12"
number: "347.201"
heading: "Authority, purpose, and scope."
url: "https://uscodex.org/cfr/12/347.201"
---

# §347.201. Authority, purpose, and scope.

- (a) This subpart is issued pursuant to sections 5(c) and 10(b)(4) of the Federal Deposit Insurance Act (FDI Act)(12 U.S.C. [1815(c)](/usc/12/1815.md?p=c) and [1820(b)(4)](/usc/12/1820.md?p=b-4)) and sections 6, 7, and 15 of the International Banking Act of 1978 (IBA)(12 U.S.C. [3104](/usc/12/3104.md), [3105](/usc/12/3105.md), and [3109](/usc/12/3109.md)).
- (b) This subpart implements the insured branch asset pledge and examination commitment requirement for foreign banks in the FDI Act. It also implements the deposit insurance, permissible activity, and cross-border cooperation provisions of the IBA regarding the FDIC. [Sections 347.203-347.211](/cfr/12/347.203-347.211.md) apply to state and federal branches whose deposits are insured. Sections [347.204](/cfr/12/347.204.md) and [347.207](/cfr/12/347.207.md) are applicable to depository institution subsidiaries of a foreign bank. [Section 347.212](/cfr/12/347.212.md) applies to insured state branches and [§§ 347.213-347.216](/cfr/12/347.213-347.216.md) apply to state branches whose deposits are not insured by the FDIC.

## Notes

### Authority

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

Source: 70 FR 17560, Apr. 6, 2005, unless otherwise noted.