---
kind: "section"
citation: "12 C.F.R. § 347.213"
title: "12"
number: "347.213"
heading: "Establishment or operation of noninsured foreign branch."
url: "https://uscodex.org/cfr/12/347.213"
---

# §347.213. Establishment or operation of noninsured foreign branch.

- (a) A foreign bank may establish or operate a state branch, as provided by state law, without federal deposit insurance whenever:
  - (1) The branch only accepts initial deposits in an amount equal to the SMDIA or greater; or
  - (2) The branch meets the criteria set forth in [§ 347.214](/cfr/12/347.214.md) or [§ 347.215](/cfr/12/347.215.md).
- (b) [Reserved]

## Notes

### Amendments

[70 FR 17560, Apr. 6, 2005, as amended at 74 FR 47718, Sept. 17, 2009]

### 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.

### Amendments

[70 FR 17560, Apr. 6, 2005, as amended at 74 FR 47718, Sept. 17, 2009]