Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 1 - FINANCE COMMISSION OF TEXAS › Chapter 3 - STATE BANK REGULATION › Subchapter D - PLEDGE AND MAINTENANCE OF ASSETS BY FOREIGN BANK LICENSED TO MAINTAIN TEXAS STATE BRANCH OR AGENCY › Section 3.52 - General Definitions

Current through Reg. 49, No. 28; July 12, 2024
Unless defined otherwise in this section, words and terms
					 used in this subchapter that are defined in Finance Code, §
										RSA 31.002, have the
					 same meanings as defined in the Finance Code. The following words and terms,
					 when used in this subchapter, have the following meanings unless the context
					 clearly indicates otherwise:
(1) Asset
				  pledge--The total amount of assets a foreign bank must deposit and pledge to
				  the banking commissioner and maintain on deposit at all times.
(2) Call Report--The FFIEC quarterly,
				  consolidated report of assets and liabilities of United States branches and
				  agencies of foreign banks, currently reported on FFIEC 002.
(3) Depository--An unaffiliated, FDIC-insured
				  state or national bank in Texas, or a federal reserve bank.
(4) FFIEC--The Federal Financial Institutions
				  Examination Council.
(5) Foreign
				  bank--A foreign bank or foreign bank corporation, as defined in Section
				  1(b)(7), International Banking Act (RSA
				  3107(7)), that is licensed
				  under Finance Code, Chapter 204, to establish and maintain a Texas state branch
				  or Texas state agency.
(6)
				  ROCA--The rating system used by the Federal Reserve Board, the Office of the
				  Comptroller of the Currency, and state banking regulatory authorities that
				  measures risk management, operation controls, compliance and asset quality and
				  thereby determines the condition of a foreign bank's branch or agency or
				  commercial lending subsidiary in the United States.
(7) Texas state branch--One or more branches
				  established and maintained in Texas by a foreign bank under a license issued
				  pursuant to Finance Code, Chapter 204. The term also includes a foreign bank
				  branch as referred to in subchapters B and C of this title (relating to General
				  state bank regulations and Foreign Bank Agencies, respectively).
(8) Texas state agency--One or more agencies
				  established and maintained in Texas by a foreign bank under a license issued
				  pursuant to Finance Code, Chapter 204. The term also includes a foreign bank
				  agency as referred to in subchapters B and C of this title (relating to General
				  state bank regulations and Foreign Bank Agencies, respectively).
(9) Nonrelated deposit liabilities--The
				  liabilities to nonrelated parties consisting of deposits and credit balances
				  reported in the Call Report in accordance with Call Report instructions,
				  currently reported on line 4.a. of Schedule RAL-Assets and
				  Liabilities.
(10) Nonrelated other
				  liabilities--The liabilities to nonrelated parties, exclusive of nonrelated
				  deposit liabilities, reported in the Call Report in accordance with Call Report
				  instructions, currently reported on lines 4.b-4.g. of Schedule RAL-Assets and
				  Liabilities. Nonrelated other liabilities include federal funds purchased and
				  sold under agreements to repurchase, other borrowed money, branch or agency
				  liability on acceptances executed and outstanding, trading liabilities and
				  other liabilities to nonrelated parties.