Source: https://www.law.cornell.edu/cfr/text/12/347.113
Timestamp: 2017-07-26 01:03:25
Document Index: 655037239

Matched Legal Cases: ['art 347', '§ 347', '§ 1813', '§ 1815', '§ 1817', '§ 1819', '§ 1820', '§ 1828', '§ 3103', '§ 3104', '§ 3105', '§ 3108', '§ 3109', 'art 347', 'art 347', 'art 347', 'art 347']

12 CFR 347.113 - Restrictions applicable to activities by a foreign organization in the United States. | US Law | LII / Legal Information Institute
CFR › Title 12 › Chapter III › Subchapter B › Part 347 › Section 347.113 12 CFR 347.113 - Restrictions applicable to activities by a foreign organization in the United States.
§ 347.113 Restrictions applicable to activities by a foreign organization in the United States.
(ii) Other activities approved by the FDIC. This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.United States CodeU.S. Code: Title 12 - BANKS AND BANKING§ 1813 - Definitions§ 1815 - Deposit insurance§ 1817 - Assessments§ 1819 - Corporate powers§ 1820 - Administration of Corporation§ 1828 - Regulations governing insured depository institutions§ 3103 - Interstate banking by foreign banks§ 3104 - Insurance of deposits§ 3105 - Authority of Federal Reserve System§ 3108 - Regulation and enforcement§ 3109 - Cooperation with foreign supervisors
Title 12 published on 17-Jun-2017 04:33The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 347 after this date.2016-12-16; vol. 81 # 242 - Friday, December 16, 201681 FR 90949 - Expanded Examination Cycle for Certain Small Insured Depository Institutions and U.S. Branches and Agencies of Foreign Banks
2016-06-28; vol. 81 # 124 - Tuesday, June 28, 201681 FR 41877 - Alternatives to References to Credit Ratings With Respect to Permissible Activities for Foreign Branches of Insured State Nonmember Banks and Pledge of Assets by Insured Domestic Branches of Foreign Banks
typeregulations.gov FR Doc.2016-15096 RIN3064-AE36 FEDERAL DEPOSIT INSURANCE CORPORATION Notice of Proposed Rulemaking (``NPR&apos;&apos;). Comments must be received by August 29, 2016. 12 CFR Part 347 SummaryThe FDIC is seeking public comment on a proposed rule to amend its international banking regulations (“Part 347”) consistent with section 939A (“section 939A”) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) and the FDIC&apos;s authority under section 5(c) of the Federal Deposit Insurance Act (“FDI Act”). Section 939A directs each federal agency to review and modify regulations that reference credit ratings. The proposed rule would amend the provisions of subparts A and B of Part 347 that reference credit ratings. Subpart A, which sets forth the FDIC&apos;s requirements for insured state nonmember banks that operate foreign branches, would be amended to replace references to credit ratings in the definition of “investment grade” with a standard of creditworthiness that has been adopted in other federal regulations that conform with section 939A. Subpart B would be amended to revise the FDIC&apos;s asset pledge requirement for insured U.S. branches of foreign banks. The eligibility criteria for the types of assets that foreign banks may pledge would be amended by replacing the references to credit ratings with the revised definition of “investment grade.” The proposed rule would apply this investment grade standard to each type of pledgeable asset, establish a liquidity requirement for such assets, and subject them to a fair value discount. The proposed rule would also introduce cash as a new asset type that foreign banks may pledge under subpart B and create a separate asset category expressly for debt securities issued by government sponsored enterprises.