International banking facility definition

International banking facility means a set of asset and liability accounts, segregated on the books of a banking organization, that includes only international banking facility deposits, borrowings and extensions of credit.

International banking facility means a set of asset and liability accounts segregated on the books and records of a depository institution, United States branch or agency of a foreign bank, or an Edge or Agreement Corporation that includes only international banking facility time deposits and international banking facility extensions of credit as such terms are defined in section 204.8(a)(2) and section 204.8(a)(3) of Regulation D of the board of governors of the Federal Reserve System, 12 CFR Part 204, effective December 3, 1981. In the event that the United States enacts a law, or the board of governors of the Federal Reserve System adopts a regulation which amends the present definition of international banking facility or of such facilities' time deposits or extensions of credit, the Commissioner of Banking and Insurance shall forthwith adopt regulations defining such terms in the same manner as such terms are set forth in the laws of the United States or the regulations of the board of governors of the Federal Reserve System. The regulations of the Commissioner of Banking and Insurance shall thereafter provide the applicable definitions.

International banking facility means a facility that is

Examples of International banking facility in a sentence

• That is maintained under an agreement or arrangement under which no deposit or withdrawal of less than$100,000 is permitted, except that a withdrawal of less than $100,000 is per- mitted if such withdrawal closes an ac- count.(3) International banking facility exten- sion of credit or IBF loan means any transaction where an IBF supplies funds by making a loan, or placing funds in a deposit account.

• Any other particular asset or class of assets as provided by the OCC, based on a case-by-case assessment of the risks associated with the asset.(e) International banking facility.

• International banking facility (IBF) electionSee Schedule G instructions for information on the IBF modification method and the IBF formula allocation method.AllocationSee Schedule H instructions for information on allocation.

• International banking facility transactions as defined in subsections (1), (2) and (3) of this rule.

• Persons' providing free and informed consent is, in general for Kant, necessary but not sufficient for satisfying the Second Formulation.

More Definitions of International banking facility

International banking facility means a set of asset and liability ac- counts segregated on the books and records of a depository institution, a United States branch or agency of a foreign bank, or an Edge corporation or Agreement corporation, that includes only international banking facility time deposits and extensions of credit.

International banking facility means a facility that is represented by a set of asset and liability accounts segregated on the books and records of a commercial bank, the principal office of which is located in this state, and that is incorporated and doing business under the laws of the United States or of this state, a United States branch or agency of a foreign bank, an edge corporation organized under section 25(a) of the federal reserve act (12 United States Code sections 611 through 631) or an agreement corporation having an agreement or undertaking with the board of governors of the federal reserve system under section 25 of the federal reserve act (12 United States Code sections 601 through 604(a)) that includes only international banking facility time deposits and international banking facility extensions of credit as defined in 12 Code of Federal Regulations part 204.

International banking facility means a set of assets and liability accounts segregated on the books

International banking facility means a set of asset and liability accounts segregated on the books and records of a depository institution, United States branch or agency of a foreign bank, or an Edge or Agreement Corporation that includes only international banking facility time deposits

International banking facility means a set of

International banking facility means a facility represented

International banking facility means a set of assets and liability accounts segregated on the books and records of the bank, or an adjacent or other subsidiary that includes only international banking facility time deposits and international banking facility extensions of credit. The facility may either be located within Virginia or outside the territorial United States. "International banking facility" has the meaning assigned to it by the laws of the United States or the regulations of the Board of Governors for the Federal Reserve System.