---
kind: "section"
citation: "12 C.F.R. § 347.214"
title: "12"
number: "347.214"
heading: "Branch established under section 5 of the International Banking Act."
url: "https://uscodex.org/cfr/12/347.214"
---

# §347.214. Branch established under section 5 of the International Banking Act.


A foreign bank may operate any state branch as a noninsured branch whenever the foreign bank has entered into an agreement with the FRB to accept at that branch only those deposits as would be permissible for a corporation organized under section 25(a) of the Federal Reserve Act ([12 U.S.C. 611](/usc/12/611.md) et seq.) and implementing rules and regulations administered by the FRB ([12 CFR 211](/cfr/12/211.md)).


## 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.