Source: https://www.law.cornell.edu/cfr/text/12/347.118
Timestamp: 2015-11-27 11:52:20
Document Index: 393967469

Matched Legal Cases: ['art 347', '§ 347', '§ 347', '§ 303', '§ 303', '§ 347', '§ 347', '§ 303', '§ 303']

12 CFR 347.118 - Expedited processing. | US Law | LII / Legal Information Institute
CFR › Title 12 › Chapter III › Subchapter B › Part 347 › Section 347.118 12 CFR 347.118 - Expedited processing.
§ 347.118
Expedited processing of branch applications.
An eligible bank may establish a foreign branch conducting activities authorized by § 347.115 in an additional foreign country, after complying with the expedited processing requirements contained in § 303.182(b) and (c)(1), if any of the following are located in two or more foreign countries:
Foreign branches or foreign bank subsidiaries of the eligible bank;
Foreign branches or foreign bank subsidiaries of banks and Edge or Agreement corporations affiliated with the eligible bank; and
Foreign bank subsidiaries of the eligible bank's holding company.
Expedited processing of applications for investment in foreign organizations.
An investment that does not qualify for general consent but is otherwise in conformity with the limits and requirements of this subpart may be made 45 days after an eligible bank files a substantially complete application with the FDIC in compliance with the expedited processing requirements contained in § 303.183(b) and (c)(1), or within such earlier time as authorized by the FDIC.
§ 347.118 Expedited processing.
Expedited processing of branch applications. An eligible bank may establish a foreign branch conducting activities authorized by § 347.115 in an additional foreign country, after complying with the expedited processing requirements contained in § 303.182(b) and (c)(1), if any of the following are located in two or more foreign countries:
Expedited processing of applications for investment in foreign organizations. An investment that does not qualify for general consent but is otherwise in conformity with the limits and requirements of this subpart may be made 45 days after an eligible bank files a substantially complete application with the FDIC in compliance with the expedited processing requirements contained in § 303.183(b) and (c)(1), or within such earlier time as authorized by the FDIC.