PocketLaw | CFR 12 | Foreign Banking Organizations

Foreign Banking Organizations

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Authority, purpose, and scope.

Definitions.

Interstate banking operations of foreign banking organizations.

Nonbanking activities of foreign banking organizations.

Approval of offices of foreign banks; procedures for applications; standards for approval; representative office activities and standards for approval; preservation of existing authority.

Termination of offices of foreign banks.

Examination of offices and affiliates of foreign banks.

Disclosure of supervisory information to foreign supervisors.

Provisions applicable to branches and agencies: limitation on loans to one borrower.

Applications by state branches and state agencies to conduct activities not permissible for federal branches.

Criteria for evaluating U.S. operations of foreign banks not subject to consolidated supervision.