Federal branch definition

Federal branch means a foreign bank branch established and operating under the international banking act of 1978.

Federal branch means a federal branch of a foreign bank as defined by§ 347.202 of this chapter.

Federal branch. ’ means a branch of a foreign bank established and operating under section 3102 of this title;

Examples of Federal branch in a sentence

• The term ‘‘Federal depository institution’’ means any national bank, any Federal sav- ings association, and any Federal branch.

• The term ‘‘State depository institution’’ means any State bank, any State savings as- sociation, and any insured branch which is not a Federal branch.

• Nothing in the OCC’s rules relieves a Federal branch or agency from complying with requirements that are imposed by the FRB under Regulation K (12 CFR part 211) or oth- erwise imposed in accordance with ap- plicable law.[61 FR 19532, May 2, 1996, as amended at 61FR 60387, Nov.

• If a national bank, a Federal branch, or Federal agency has been convicted of any criminal offense under section 1956 or 1957 of title 18, the Attorney General shall pro- vide to the Comptroller of the Currency a written notification of the conviction and shall include a certified copy of the order of conviction from the court rendering the decision.

• In establishing and operating a Federal branch or agency, a foreign bank shall be subject to such rules, regulations, and orders as the Comp- troller considers appropriate to carry out this section, which shall include provisions for serv- ice of process and maintenance of branch and agency accounts separate from those of the par- ent bank.

More Definitions of Federal branch

Federal branch means a branch of a foreign bank established and operating under the provisions of section 4 of the International Banking Act of 1978 (12U.S.C. 3102).

Federal branch means an office or place of business, licensed by the OCC and operated by a foreign bank in any state, that may engage in the business of banking, including accepting depos- its, that is not a Federal agency as de- fined in paragraph (h) of this section. Unless otherwise provided, the ref- erences in this subpart B of part 28 to a Federal branch include a limited Fed- eral branch.

Federal branch means a branch of a foreign bank that is licensed by the Comptroller of the Currency pursuant to Section 4, International Banking Act (12 U.S.C. Section 3102).

Federal branch means an office or place of business, licensed by the OCC and operated by a foreign bank in any state, that may engage in the business of banking, including accepting depos- its, that is not a Federal agency as de- fined in paragraph (h) of this section.(j) Foreign bank means an organiza-tion that is organized under the laws of a foreign country, a territory of the United States, Puerto Rico, Guam, American Samoa, or the Virgin Is- lands, and that engages directly in the 12 CFR Ch. I (1–1–03 Edition)business of banking in a foreign coun- try.(k) Foreign business means any entity, including a corporation, partnership, sole proprietorship, association, foun- dation or trust that is organized under the laws of a foreign country, or any United States entity that is controlled by a foreign entity or foreign national.(l) Foreign country means one or more foreign nations, and includes the over- seas territories, dependencies, and in- sular possessions of those nations and of the United States, and the Common- wealth of Puerto Rico.(m) Home country means the country in which the foreign bank is chartered or incorporated.(n) Home country supervisor means the governmental entity or entities in the foreign bank’s home country respon- sible for supervising and regulating the foreign bank.(o) Home state of a foreign bank means the state in which the foreign bank has a branch, agency, subsidiary commercial lending company, or sub- sidiary bank. If a foreign bank has an office in more than one state, the home state of the foreign bank is the state that is selected to be the home state by the foreign bank or, in default of the foreign bank’s selection, by the FRB.(p) Immediate family member of an indi- vidual means the spouse, father, moth- er, brother, sister, son, or daughter of that individual.(q) Initial deposit means the first de- posit transaction between a depositor and the Federal branch made on or after July 1, 1996. The initial deposit may be placed into different deposit ac- counts or into different kinds of de- posit accounts, such as demand, sav- ings, or time accounts. Deposit ac- counts that are held by a depositor in the same right and capacity may be added together for the purpose of deter- mining the dollar amount of the initial deposit. First deposit means the deposit made when there is no current deposit relationship between the depositor and the Federal branch.(r) International banking facility means a set of asset and liability ac- counts segregated ...

Federal branch means Federal branch as that term is defined in 12 U.S.C. 3101(6) and 12 CFR 28.11(h).

Federal branch means a federal branch of a foreign bank as defined by§ 347.202.

Federal branch means a federal branch of a foreign bank as defined by§ 347.201.