reglab/statecodes huggingface dataset:
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 4 - Business and Operations-General › Subpart 2 - Books, Accounts, and Other Records › Section 10.14730 - Place for Books, Accounts, and Other Records-Blanket Approval

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Pursuant to Financial Code Section
							 1759,
							 approval is granted for books, accounts, and other records relating to the
							 business of a subject office of a subject institution to be made, kept, and
							 preserved at a place other than such office, as follows:
(a) In case a subject institution maintains
						  two or more subject offices, books, accounts and other records relating to the
						  business of any office other than the primary office may be made, kept, and
						  preserved at the primary office.
(b) A subject institution may have a person
						  which provides data processing services make, keep, and preserve books,
						  accounts, and other records relating to the business of its subject offices,
						  provided that, unless such person is a California state bank, the person shall
						  file with the Commissioner an agreement that its performance of data processing
						  services and the making, keeping, and preserving of such books, accounts, and
						  other records shall be subject to regulation and examination by the
						  Commissioner to the same extent as if the services were being performed and the
						  books, accounts, and other records made, kept, and preserved by the subject
						  institution itself at its subject offices.
(c) A subject institution may have any
						  responsible storage facility within the United States preserve any books,
						  accounts, and other records relating to the business of its subject offices
						  which are not needed for the transaction of current business, provided that,
						  whenever ordered to do so by the Commissioner, such subject institution shall
						  at its own expense transfer such books, accounts, and other records to such of
						  its subject offices or to such other place within the State of California as
						  may be specified in the Commissioner's order.
1.
							 Change without regulatory effect amending section filed 8-19-97 pursuant to
							 section 100, title 1, California Code of
							 Regulations (Register 97, No. 34).
2. Change without regulatory
							 effect amending first paragraph and NOTE filed 8-21-2019 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								326,
								Financial Code. Reference: Section
								1759,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 4 - Business and Operations-General › Subpart 3 - Credit Balances › Section 10.14750 - Definitions of "Subject Institution" and "Subject Office" and Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) In this
						  Subpart:
(1) "Subject institution" means a
						  foreign (other nation) bank which maintains one or more California state
						  agencies, limited branch offices, or wholesale branch offices.
(2) "Subject office" means any California
						  state agency, limited branch office, or wholesale branch office of a subject
						  institution.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 4 - Business and Operations-General › Subpart 3 - Credit Balances › Section 10.14751 - General Restrictions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
No subject institution shall maintain any credit
							 balance at a subject office other than a credit balance which:
(a) Is incidental to or arises out of the
						  transaction of such commercial banking business as the subject institution may
						  lawfully transact at the subject office;
(b) Is to serve a specific purpose;
						  and
(c) Is withdrawn within a
						  reasonable period of time after such specific purpose has been
						  accomplished.
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1755,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 4 - Business and Operations-General › Subpart 3 - Credit Balances › Section 10.14752 - Solicitation

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
No subject institution shall solicit credit balances
							 for a subject office from the general public.
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1755,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 4 - Business and Operations-General › Subpart 3 - Credit Balances › Section 10.14753 - Withdrawal

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
No subject institution shall cause or permit a
							 customer to withdraw funds from a credit balance at a subject office by means
							 of a draft, check, or similar instrument for the transmission of money except
							 for the purpose of transferring such funds to a deposit account of such
							 customer.
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1755,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 4 - Business and Operations-General › Subpart 4 - Notice of Non-Insurance › Section 10.14775 - Definitions of "Subject Institution" and "Subject Office" and Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) In this
						  Subpart:
(1) "Subject institution" means a
						  foreign (other nation) bank which maintains one or more California state
						  depositary agencies, limited branch offices, or wholesale branch
						  offices.
(2) "Subject office" means
						  any California state depositary agency, limited branch office, or wholesale
						  branch office of a subject institution.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 4 - Business and Operations-General › Subpart 4 - Notice of Non-Insurance › Section 10.14776 - References to Federal Deposit Insurance Corporation

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Whenever a provision of this Subpart requires that a
							 notice refer to the Federal Deposit Insurance Corporation, such notice may
							 refer to the Federal Deposit Insurance Corporation as the
							 "FDIC."
1.
							 Certificate of Compliance including amendment of NOTE transmitted to OAL
							 2-11-82 and filed 3-12-82 (Register 82, No. 11).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1758,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 4 - Business and Operations-General › Subpart 4 - Notice of Non-Insurance › Section 10.14777 - Language

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
A notice required by this Subpart shall be set forth
							 in English; and, in case such notice is contained in a document which is in a
							 language other than English, the notice shall, in addition, be set forth in
							 such other language.
1.
							 Certificate of Compliance including amendment of NOTE transmitted to OAL
							 2-11-82 and filed 3-12-82 (Register 82, No. 11).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1758,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 4 - Business and Operations-General › Subpart 4 - Notice of Non-Insurance › Section 10.14778 - Teller Windows

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
A subject institution shall display conspicuously at
							 each window or other place where it usually accepts deposits in each of its
							 subject offices a notice stating, in substance, that deposits at such office
							 are not insured by the Federal Deposit Insurance Corporation.
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1758,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 4 - Business and Operations-General › Subpart 4 - Notice of Non-Insurance › Section 10.14779 - Deposit Documents

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
						  A subject institution shall set forth conspicuously on the face side or facing
						  page, as the case may be, of each signature card and any other contract for a
						  deposit at its subject offices and of each passbook, certificate, or other
						  document which evidences, or constitutes a receipt for, a deposit at its
						  subject offices a notice stating, in substance, that such deposit is not
						  insured by the Federal Deposit Insurance Corporation.
(b) Subdivision (a) of this Section shall not
						  be deemed to require that a subject institution set forth on any negotiable
						  certificate of deposit in the sum of $250,000 or more a notice that such
						  deposit is not insured by the Federal Deposit Insurance Corporation, provided
						  that such subject institution gives the depositor at or before the time when
						  the deposit is made a written notice stating, in substance, that the deposit is
						  not insured by the Federal Deposit Insurance Corporation.
1. New
							 subsection (b) filed 3-12-82; effective thirtieth day thereafter (Register 82,
							 No. 11).
2. Change without regulatory effect amending subsection (b)
							 and NOTE filed 8-21-2019 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								326,
								Financial Code. Reference: Section
								1808,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 4 - Business and Operations-General › Subpart 5 - Interest on Deposits and Related Matters › Section 10.14800 - Definitions of "Subject Institution" and "Subject Office" and Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) In this
						  Subpart:
(1) "Subject institution" means a
						  foreign (other nation) bank which maintains one or more California state
						  agencies, limited branch offices, or wholesale branch offices that are not
						  subject to Regulation Q of the Board of Governors of the Federal Reserve System
						  ( 12 C.F.R. Part 217 ), or Part 329 of the regulations of the Federal Deposit
						  Insurance Corporation ( 12 C.F.R. Part 329 ).
(2) "Subject office" means any California
						  state agency, limited branch office, or wholesale branch office of a subject
						  institution.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 4 - Business and Operations-General › Subpart 5 - Interest on Deposits and Related Matters › Section 10.14801 - Other Definitions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In this Subpart, "deposit" has the meaning set forth
							 in Section
							 204.2(a) of
							 Regulation D of the Board of Governors of the Federal Reserve System
							 (12 C.F.R. Section
							 204.2(a)). However,
							 "deposit" does not include any liability of the type described in Section
							 204.2(a)(1)(v) of
							 Regulation D (12 C.F.R.
							 Section
							 204.2(a)(1)(v)).
1.
							 Amendment filed 5-5-86 as an emergency; effective upon filing (Register 86, No.
							 19). A Certificate of Compliance must be transmitted to OAL within 120 days or
							 emergency language will be repealed on 9-2-86.
2. Certificate of
							 Compliance transmitted to OAL 8-28-86 and filed 9-23-86 (Register 86, No.
							 39).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1759,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 4 - Business and Operations-General › Subpart 5 - Interest on Deposits and Related Matters › Section 10.14802 - Compliance with Federal Regulations. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
							 Amendment filed 1-18-83 as an emergency; effective upon filing (Register 83,
							 No. 4). A Certificate of Compliance must be transmitted to OAL within 120 days
							 or emergency language will be repealed on 5-18-83. For prior history, see
							 Register 82, No. 51.
2. Editorial correction of History NOTE No. 3
							 (Register 83, No. 24).
3. Reinstatement of section as it existed
							 prior to emergency amendment filed 1-18-83 by operation of Government Code,
							 Section
							 11346.1(f)
							 (Register 83, No. 24).
4. Amendment filed 6-7-83 as an emergency;
							 effective upon filing (Register 83, No. 24). A Certificate of Compliance must
							 be transmitted to OAL within 120 days or emergency language will be repealed on
							 10-5-83.
5. Amendment filed 10-4-83 as an emergency; effective upon
							 filing (Register 83, No. 41). A Certificate of Compliance must be transmitted
							 to OAL within 120 days or emergency language will be repealed on
							 2-1-84.
6. Amendment filed 12-30-83 as an emergency; effective upon
							 filing (Register 83, No. 53). A Certificate of Compliance must be transmitted
							 to OAL within 120 days or emergency language will be repealed on
							 4-29-84.
7. Certificate of Compliance as to 12-30-83 order
							 transmitted to OAL 4-27-84 and filed 5-25-84 (Register 84, No.
							 21).
8. Amendment filed 5-5-86 as an emergency; effective upon
							 filing (Register 86, No. 19). A Certificate of Compliance must be transmitted
							 to OAL within 120 days or emergency language will be repealed on
							 9-2-86.
9. Certificate of Compliance transmitted to OAL 8-28-86 and
							 filed 9-23-86 (Register 86, No. 39).
10. Change without regulatory
							 effect repealing section filed 8-21-2019 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1759,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 6 - Business and Operations-Depositary Agency › Subpart 1 - General Provisions › Section 10.15200 - Definitions of "Subject Institution" and "Subject Office" and Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) In this Part:
(1) "Subject institution" means a foreign
						  (other nation) bank which maintains one or more California state depositary
						  agencies.
(2) "Subject office"
						  means any California state depositary agency of a subject
						  institution.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 6 - Business and Operations-Depositary Agency › Subpart 1 - General Provisions › Section 10.15201 - Other Definitions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In this Part:
(a) "Foreign (other nation) depositor" means
						  a foreign nation which, an agency or instrumentality of a foreign nation which,
						  or a foreign (other nation) person who, makes or maintains a deposit in a
						  subject office of a subject institution.
(b) "Foreign (other nation) depositor's
						  statement" means the statement called for in Subpart 3 (commencing with Section
						  10.15250) of this Part.
(c) "Foreign (other nation) person" means a
						  person who resides, is domiciled, and maintains his or her principal place of
						  business in a foreign nation.
(d)
						  "Person" has the meaning set forth in Financial Code Section
						  1755(a)(2).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Chapter 13.5, Division 1, Financial
								Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 6 - Business and Operations-Depositary Agency › Subpart 2 - Foreign (Other Nation) Depositor › Section 10.15225 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subpart contains regulations relating to
							 determining, for purposes of Financial Code Section
							 1805 and of
							 this Part, whether a person is a foreign (other nation)
							 person.
1.
							 Change without regulatory effect amending section and NOTE filed 8-21-2019
							 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								326,
								Financial Code. Reference: Section
								1805,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 6 - Business and Operations-Depositary Agency › Subpart 2 - Foreign (Other Nation) Depositor › Section 10.15226 - Residence, Domicile, and Principal Place of Business

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In determining, for purposes of Financial Code
							 Section
							 1805(a)(2)
							 and of this Party whether a person is a foreign (other nation) person:
(a) A person shall be deemed to maintain his
						  or her principal place of business at the place where he or she primarily
						  conducts his or her affairs.
(b) An
						  individual shall be deemed to reside at the place where he or she dwells,
						  whether or not he or she intends to dwell there permanently.
(c) An individual shall be deemed to be
						  domiciled at the place where he or she maintains his or her principal home with
						  the intent of remaining there indefinitely and to which, if absent, he or she
						  has a general intent to return.
(d)
						  A corporation shall be deemed to be domiciled at the place under the laws of
						  which it is incorporated, and shall be deemed to reside at the place where it
						  maintains its principal place of business.
(e) An estate shall be deemed to have the
						  residence, domicile, and principal place of business of the executor or
						  administrator of such estate or, in case there is more than one executor or
						  administrator of the estate, of each executor or administrator.
(f) A trust shall be deemed to have the
						  residence, domicile, and principal place of business of the trustee of such
						  trust or, in case there is more than one trustee of the trust, of each
						  trustee.
(g) A firm, partnership,
						  association, company, syndicate, business trust, or organization of any other
						  kind shall be deemed to reside and be domiciled at the place where it maintains
						  its principal place of business.
(h) A branch or division of a person shall be
						  deemed to reside and be domiciled at the place where such branch or division
						  maintains its principal place of business.
1.
							 Change without regulatory effect amending first paragraph and NOTE filed
							 8-21-2019 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								326,
								Financial Code. Reference: Section
								1805,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 6 - Business and Operations-Depositary Agency › Subpart 2 - Foreign (Other Nation) Depositor › Section 10.15227 - Branch or Division

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
For purposes of Financial Code Section
							 1805(a)(2)
							 and of this Part:
(a) In case a person
						  qualifies as a foreign (other nation) person under Subdivisions (a) to (g),
						  inclusive, of Section
						  10.15226 of this Chapter, any
						  branch or division of such person, including a branch or division located in
						  the United States, is also a foreign (other nation) person.
(b) In case a person does not qualify as a
						  foreign (other nation) person under Subdivisions (a) to (g), inclusive, of
						  Section 10.15226 of this Chapter, a
						  subject institution may not accept at a subject office deposits from the head
						  office of such person or from any branch or division of the person other than a
						  branch or division which qualifies as a foreign (other nation) person under
						  Subdivision (h) of Section
						  10.15226 of this
						  Chapter.
1.
							 Change without regulatory effect amending first paragraph and NOTE filed
							 8-21-2019 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								326,
								Financial Code. Reference: Section
								1805,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 6 - Business and Operations-Depositary Agency › Subpart 3 - Foreign (Other Nation) Depositor's Statement › Section 10.15250 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subpart contains regulations relating to the
							 foreign (other nation) depositor's statement which a subject institution is
							 required to obtain and retain at its subject office.
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1706,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 6 - Business and Operations-Depositary Agency › Subpart 3 - Foreign (Other Nation) Depositor's Statement › Section 10.15251 - Requirement

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Not more than 30 days before or after a foreign
							 (other nation) depositor first makes a deposit at a subject office of a subject
							 institution, such subject institution shall obtain from such depositor a
							 statement dated and signed by the depositor, stating:
(a) In case the depositor is a foreign nation
						  or an agency or instrumentality of a foreign nation, the name of the depositor,
						  the place where the capitol or head office, as the case may be, of the
						  depositor is located, and the name, title, and mailing address of each official
						  who is authorized to make withdrawals on behalf of the depositor.
(b) In case the depositor is an individual,
						  the mailing addresses of the depositor's residence, domicile, and principal
						  place of business.
(c) In case the
						  depositor is a person other than an individual, the class of person (such as,
						  corporation, estate, trust, etc.) to which the depositor belongs, the places
						  where the depositor resides, is domiciled, and maintains its principal place of
						  business, and the name, title, and mailing address of each officer, employee,
						  or other individual who is authorized to make withdrawals on behalf of the
						  depositor.
1.
							 Amendment filed 3-12-82; effective thirtieth day thereafter (Register 82, No.
							 11).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1706,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 6 - Business and Operations-Depositary Agency › Subpart 3 - Foreign (Other Nation) Depositor's Statement › Section 10.15252 - Language

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Whenever a subject institution obtains a foreign
							 (other nation) depositor's statement which is not in the English language, such
							 subject institution shall attach to such statement a written English
							 translation together with a certificate signed by the translator certifying
							 that such translation is a true translation of the statement in the English
							 language.
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1706,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 6 - Business and Operations-Depositary Agency › Subpart 3 - Foreign (Other Nation) Depositor's Statement › Section 10.15253 - Filing and Retention

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Whenever a subject institution obtains a foreign
							 (other nation) depositor's statement, such subject institution shall file such
							 statement at the subject office where such depositor's deposit account is
							 maintained or at its primary office and shall preserve the statement at such
							 office so long as the depositor maintains a deposit account at the subject
							 office and for a period of not less than two years after such account is
							 closed.
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1706,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 8 - Business and Operations-Wholesale Branch Office › Subpart 1 - General Provisions › Section 10.15600 - Definitions of "Subject Institution" and "Subject Office" and Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) In this Part:
(1) "Subject institution" means a foreign
						  (other nation) bank which maintains one or more California state wholesale
						  branch offices.
(2) "Subject
						  office" means any California state wholesale branch office of a subject
						  institution.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 8 - Business and Operations-Wholesale Branch Office › Subpart 2 - Deposits › Section 10.15625 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subpart contains regulations relating to
							 deposits at subject offices of subject institutions.
Note: Authority cited: Section
								215,
								Financial Code. Reference: Chapter 13.5, Division 1, Financial
								Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 8 - Business and Operations-Wholesale Branch Office › Subpart 2 - Deposits › Section 10.15626 - Deposits of $250,000 or More

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
For purposes of determining the amount of the deposit
							 of a depositor at the subject offices of a subject institution under Financial
							 Code Section
							 1805(a)(4)(B),
							 "deposit" shall be deemed to be the first deposit of such depositor at such
							 offices. In case the first deposit is placed in separate deposit accounts,
							 "deposit" includes all such deposit accounts, even if the deposit accounts are
							 of different types, provided that all the deposit accounts are held by the
							 depositor in the same right and capacity.
1.
							 Amendment filed 4-7-97; operative 4-7-97 pursuant to Government Code section
							 11343.4(d)
							 (Register 97, No. 15).
2. Change without regulatory effect amending
							 section heading, section and NOTE filed 8-21-2019 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								326,
								Financial Code. Reference: Section
								1805,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 8 - Business and Operations-Wholesale Branch Office › Subpart 2 - Deposits › Section 10.15627 - Non-Retail Deposits

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Pursuant to Financial Code Section
							 1805(a)(4)(C),
							 the following deposits are determined to be deposits the acceptance of which by
							 a subject institution at its subject offices does not constitute engaging in
							 domestic retail deposit activities requiring deposit insurance
							 protection:
(a) Deposits of the type
						  described in 12 C.F.R.
						  §
														346.6(a).
(b) Deposits accepted at a branch office
						  which is exempted from the requirement of federal deposit insurance by the
						  Federal Deposit Insurance Corporation pursuant to
						  12 C.F.R. §
														346.6(b).
1.
							 Repealer of subsections (a)-(e) and new subsections (a) and (b) filed 4-14-98;
							 operative 5-14-98 (Register 98, No. 16).
2. Change without
							 regulatory effect amending section and NOTE filed 8-21-2019 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								326,
								Financial Code. Reference: Section
								1805,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 10 - Deposit of Eligible Assets › Subpart 1 - General Provisions › Section 10.16000 - Definition of "Subject Institution" and Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) In this Part, "subject institution" means
						  a foreign (other nation) bank which:
(1)
						  Maintains one or more California state agencies or branch offices;
(2) Has one or more approved but unopened
						  California state agencies or branch offices; or
(3) Has closed one or more California state
						  agencies or branch offices with respect to which it is still required to
						  maintain eligible assets on deposit with an approved
						  depositary.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 10 - Deposit of Eligible Assets › Subpart 1 - General Provisions › Section 10.16001 - Other Definitions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In this Part:
(a) "Adjusted liabilities" has the meaning
						  set forth in Financial Code Section
						  1811(a)(1).
(b) "Applicable minimum" has the meaning set
						  forth in Financial Code Section
						  1811(a)(2).
(c) "Approved depository" has the meaning set
						  forth in Financial Code Section
						  1811(a)(3).
(d) "Computation period" means the period
						  commencing with the 16th day of the third month of a calendar quarter and
						  ending with the 15th day of the third month of the next succeeding calendar
						  quarter, both inclusive.
(e)
						  "Eligible assets" has the meaning set forth in Financial Code Section
						  1811(a)(4).
(f) "Maintenance period" means a calendar
						  quarter or, in the case of a subject institution which is subject to Financial
						  Code Section
						  1811 for
						  only part of a calendar quarter, such part.
(g) "Pledge deposit," when used with respect
						  to a subject institution, means the eligible assets which such subject
						  institution maintains on deposit with an approved depository pursuant to
						  Financial Code Section
						  1811.
1.
							 Change without regulatory effect amending section and NOTE filed 8-21-2019
							 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								326,
								Financial Code. Reference: Section
								1811,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 10 - Deposit of Eligible Assets › Subpart 1 - General Provisions › Section 10.16002 - Description of Eligible Asset

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Whenever this Part requires that an eligible asset be
							 described, the following information shall be provided with respect to such
							 eligible asset:
(a) Name of
						  obligor.
(b) Complete title
						  (including series).
(c) Interest
						  rate.
(d) Serial number.
(e) Maturity date.
(f) Call date.
(g) Par value.
(h) Market value.
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1761,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 10 - Deposit of Eligible Assets › Subpart 2 - Approval of Approved Depository › Section 10.16025 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subpart contains regulations relating to
							 approval of the approved depository of a subject institution.
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1761,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 10 - Deposit of Eligible Assets › Subpart 2 - Approval of Approved Depository › Section 10.16026 - Application for Approval-Contents

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An application for approval to act as the approved
							 depository of a subject institution shall be in the form of Department Form 88,
							 shall contain the information called for in such Form and in the instructions
							 for the Form, shall be signed as required in the Form and instructions, and
							 shall be verified if and as required in the Form and
							 instructions.
1.
							 Amendment filed 3-12-82; effective thirtieth day thereafter (Register 82, No.
							 11).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Sections
								1703 and
								1761,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 10 - Deposit of Eligible Assets › Subpart 2 - Approval of Approved Depository › Section 10.16027 - Agreement of Approved Depository

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
No California bank shall act as the approved
							 depository of a subject institution unless such bank shall have filed with the
							 Commissioner an Agreement of Approved Depository in the form of Department Form
							 90, completed and signed in accordance with the instructions for such
							 Form.
1.
							 Amendment filed 3-12-82; effective thirtieth day thereafter (Register 82, No.
							 11).
2. Change without regulatory effect amending section filed
							 8-19-97 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 97, No. 34).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1761,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 10 - Deposit of Eligible Assets › Subpart 2 - Approval of Approved Depository › Section 10.16028 - Report on Certain Factors

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In case any of the following factors becomes true
							 with respect to an approved depository of a subject institution, such approved
							 depository and such subject institution shall each promptly file with the
							 Commissioner a report on such matter, providing full details:
(a) In case the approved depository is an
						  affiliate of the subject institution.
(b) In case any person who is a director or
						  executive officer of the approved depository or of any parent or subsidiary of
						  the approved depository is a director or executive officer of the subject
						  institution or of any parent or subsidiary of the subject
						  institution.
(c) In case five
						  percent or more of any class of the equity securities of the approved
						  depository or of any parent of the approved depository is owned, directly or
						  indirectly, of record or beneficially, by:
(1)
						  The subject institution and its affiliates,individually or
						  collectively;
(2) The directors and
						  executive officers of the subject institution and of its parents and
						  subsidiaries, individually or collectively;
(3) The foreign nation where the subject
						  institution is domiciled or any person controlled by such foreign nation;
						  or
(4) Any person who is, or is
						  controlled by any person who is, domiciled in the foreign nation where the
						  subject institution is domiciled.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 10 - Deposit of Eligible Assets › Subpart 2 - Approval of Approved Depository › Section 10.16029 - Termination

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Except as
						  otherwise provided in Section
						  10.16030 of this Chapter, no
						  approved depository of a subject institution shall cease to act as the approved
						  depository of such subject institution, nor shall any subject institution
						  terminate its approved depository, unless another California bank shall have
						  qualified to act as the successor approved depository of the subject
						  institution.
(b) No provision of
						  this Part (other than the provisions of Subdivision (a) of this Section) shall
						  be deemed to prohibit the approved depository of a subject institution from
						  ceasing to act as the approved depository of such subject institution or to
						  prohibit a subject institution from terminating its approved
						  depository.
1. New
							 subsection (b) filed 3-12-82; effective thirtieth day thereafter (Register 82,
							 No. 11).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1761,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 10 - Deposit of Eligible Assets › Subpart 2 - Approval of Approved Depository › Section 10.16030 - Revocation of Approval

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
						  If, after notice and a hearing, the Commissioner finds that the approved
						  depository of a subject institution has violated or is about to violate any
						  provision of its Agreement of Approved Depository or that there is other good
						  cause for revoking the approval for such depository to act as the approved
						  depository of such subject institution, the Commissioner may issue an order
						  revoking such approval.
(b)
(1) If the Commissioner finds that any of the
						  factors set forth in Subdivision (a) of this Section is true with respect to
						  the approved depository of a subject institution and that it is necessary for
						  the maintenance of sound financial condition, for the protection of the
						  interests of the creditors of such subject institution's business in the State
						  of California, or for the protection of the public interest that the
						  Commissioner immediately revoke the approval for such depository to act as the
						  approved depository of the subject institution, the Commissioner may issue an
						  order revoking such approval.
(2)
(A) Within 30 days after the Commissioner
						  issues an order pursuant to Paragraph (1) of this Subdivision (b), the approved
						  depository to which such order is issued or the subject institution of which
						  the depository was an approved depository may file with the Commissioner an
						  application for a hearing on the order. If the Commissioner fails to commence
						  such hearing within 15 business days after such application is filed with him
						  (or within such longer period to which the approved depository or the subject
						  institution, as the case may be, consents), the order shall be deemed
						  rescinded. Within 30 days after the hearing, the Commissioner shall affirm,
						  modify, or rescind the order; otherwise the order shall be deemed
						  rescinded.
(B) Any right of an
						  approved depository to which an order is issued under Paragraph (1) of this
						  Subdivision (b) or of the subject institution of which such depository was an
						  approved depository to petition for judicial review of such order shall not be
						  affected by the failure of the approved depository or of the subject
						  institution to apply to the Commissioner for a hearing on the order pursuant to
						  Subparagraph (A) of this Paragraph (2).
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 6 - California State Offices of Foreign (Other Nation) Banks › Subarticle 3 - Agencies and Branch Offices › Part 10 - Deposit of Eligible Assets › Subpart 3 - Eligible Assets › Section 10.16050 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subpart contains regulations relating to
							 eligible assets.
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								1761,
								Financial Code.