{"data":{"id":"us/12-cfr-347.213","jurisdiction":"us","citation":"12 CFR 347.213","heading":"Establishment or operation of noninsured foreign branch.","body":"(a) A foreign bank may establish or operate a state branch, as provided by state law, without federal deposit insurance whenever:\n(1) The branch only accepts initial deposits in an amount equal to the SMDIA or greater; or\n(2) The branch meets the criteria set forth in § 347.214 or § 347.215.\n(b) [Reserved]","path":["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"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"b811cdde009ee1baefd3dbac1a36ab25c5e8f6213ee8a3ddc289aef94b329af1","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-347.212","next":"us/12-cfr-347.214"},"notice":"GroundRules: Original legal text. Not legal advice."}