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International Banking Activities: Capital Equivalency Deposits

banking-occ · OCC · Rule · Published 2002-01-30 · Effective 2002-01-30 · 67 FR 4325

Document

Document number
02-2171
Federal Register citation
67 FR 4325
CFR reference
12 CFR 28
Type
Rule
Action
Interim rule with request for comments.
Category
banking-occ
Sub-agency
OCC
Publication date
2002-01-30
Effective date
2002-01-30
Treasury docket
Docket No. 02-02

Abstract

The Comptroller of the Currency is amending its regulation regarding the capital equivalency deposits (CED) that foreign banks with Federal branches or agencies must establish and maintain pursuant to section 4(g) of the International Banking Act of 1978. This interim rule revises certain requirements regarding CED deposit arrangements to increase flexibility for and reduce burden on certain Federal branches and agencies, based on a supervisory assessment of the risks presented by the particular institution. The OCC is issuing this rule on an interim basis effective January 30, 2002.

Source

Authoritative
Federal Register document
Machine
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