Source: https://www.law.cornell.edu/cfr/text/12/303.45
Timestamp: 2016-05-05 20:41:26
Document Index: 572764967

Matched Legal Cases: ['art 303', '§ 303', '§ 378', '§ 1464', '§ 1813', '§ 1815', '§ 1817', '§ 1818', '§ 1819', '§ 1820', '§ 1823', '§ 1828', '§ 1831', '§ 1831', '§ 1831', '§ 1831', '§ 1831', '§ 1835', '§ 1843', '§ 3104', '§ 3105', '§ 3108', '§ 3207']

12 CFR 303.45 - Special provisions. | US Law | LII / Legal Information Institute
CFR › Title 12 › Chapter III › Subchapter A › Part 303 › Subpart C › Section 303.45 12 CFR 303.45 - Special provisions.
Emergency or disaster events.
In the case of an emergency or disaster at a main office or a branch which requires that an office be immediately relocated to a temporary location, applicants shall notify the appropriate FDIC office within 3 days of such temporary relocation.
Within 10 days of the temporary relocation resulting from an emergency or disaster, the bank shall submit a written application to the appropriate FDIC office, that identifies the nature of the emergency or disaster, specifies the location of the temporary branch, and provides an estimate of the duration the bank plans to operate the temporary branch.
As part of the review process, the FDIC will determine on a case by case basis whether additional information is necessary and may waive public notice requirements.
Redesignation of main office and existing branch.
In cases where an applicant desires to redesignate its main office as a branch and redesignate an existing branch as the main office, a single application shall be submitted. The FDIC may waive the public notice requirements in instances where an application presents no significant or novel policy, supervisory, CRA, compliance or legal concerns. A waiver will be granted only to a redesignation within the applicant's home state.
Approval of an application expires if within 18 months after the approval date a branch has not commenced business or a relocation has not been completed.
§ 303.45 Special provisions.
(1) In the case of an emergency or disaster at a main office or a branch which requires that an office be immediately relocated to a temporary location, applicants shall notify the appropriate FDIC office within 3 days of such temporary relocation. (2) Within 10 days of the temporary relocation resulting from an emergency or disaster, the bank shall submit a written application to the appropriate FDIC office, that identifies the nature of the emergency or disaster, specifies the location of the temporary branch, and provides an estimate of the duration the bank plans to operate the temporary branch. (3) As part of the review process, the FDIC will determine on a case by case basis whether additional information is necessary and may waive public notice requirements. (b)
Redesignation of main office and existing branch. In cases where an applicant desires to redesignate its main office as a branch and redesignate an existing branch as the main office, a single application shall be submitted. The FDIC may waive the public notice requirements in instances where an application presents no significant or novel policy, supervisory, CRA, compliance or legal concerns. A waiver will be granted only to a redesignation within the applicant's home state. (c)
Expiration of approval. Approval of an application expires if within 18 months after the approval date a branch has not commenced business or a relocation has not been completed. 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§ 378 - Dealers in securities engaging in banking business; individuals or associations engaging in banking business; examinations and reports; penalties§ 1464 - Federal savings associations§ 1813 - Definitions§ 1815 - Deposit insurance§ 1817 - Assessments§ 1818 - Termination of status as insured depository institution§ 1819 - Corporate powers§ 1820 - Administration of Corporation§ 1823 - Corporation monies§ 1828 - Regulations governing insured depository institutions§ 1831a - Activities of insured State banks§ 1831e - Activities of savings associations§ 1831o - Prompt corrective action§ 1831p-1§ 1831w - Safety and soundness firewalls applicable to financial subsidiaries of banks§ 1835a - Prohibition against deposit production offices§ 1843 - Interests in nonbanking organizations§ 3104 - Insurance of deposits§ 3105 - Authority of Federal Reserve System§ 3108 - Regulation and enforcement§ 3207 - Rules and regulations