GroundRules
12 CFR 347.203: Deposit insurance required for all branches of foreign banks engaged in domestic retail deposit activity in the same State.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER III—FEDERAL DEPOSIT INSURANCE CORPORATION
- SUBCHAPTER B—REGULATIONS AND STATEMENTS OF GENERAL POLICY
- PART 347—INTERNATIONAL BANKING
- Subpart B—Foreign Banks
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.
Collected 2026-08-27T02:24:16Z. Source file · JSON