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International Banking Operations

Fed · final-rule · Published 1996-02-23 · Effective 1996-03-25 · 61 FR 6918

Document

Document number
96-3910
Federal Register citation
61 FR 6918
CFR reference
12 CFR 211
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Reserve System
Publication date
1996-02-23
Effective date
1996-03-25
Docket
Regulation K

Abstract

Section 202(e)(7) of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA or Act) provides that the Board, in consultation with the Treasury, develop and publish criteria to be used in evaluating the operations of any foreign bank in the United States that the Board has determined is not subject to comprehensive supervision or regulation on a consolidated basis. This final rule amends Regulation K on international banking operations to set out such criteria pursuant to section 202(e)(7) of FDICIA.

Source

Authoritative
Federal Register document
Machine
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