§347.203. Deposit insurance required for all branches of foreign banks engaged in domestic retail deposit activity in the same State.
12 C.F.R. § 347.203
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.
Notes, amendments, and revision history
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.