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Operating Subsidiaries of Federal Branches and Agencies

banking-occ · OCC · Rule · Published 2001-09-26 · 66 FR 49093

Document

Document number
01-24005
Federal Register citation
66 FR 49093
CFR reference
12 CFR 5
Type
Rule
Action
Final rule.
Category
banking-occ
Sub-agency
OCC
Publication date
2001-09-26
Treasury docket
Docket No. 01-21

Abstract

Consistent with the principle of national treatment for foreign banks operating in the United States established by the International Banking Act of 1978, the Office of the Comptroller of the Currency (OCC) is amending its regulations to provide that a Federal branch or agency may establish, acquire, or maintain an operating subsidiary in generally the same manner that a national bank may acquire or establish an operating subsidiary.

Source

Authoritative
Federal Register document
Machine
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