Laws: Cases and Codes : U.S. Code : Title 12
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U.S. Code as of:
01/19/04
Chapter 32 - Notes
Sec.
3101. Definitions.
3102. Establishment of Federal branches and agencies by
foreign bank.
(a) Establishment and operation of Federal branches
and agencies.
(b) Rules and regulations; rights and privileges;
duties and liabilities; exceptions;
coordination of examinations.
(c) Application to establish Federal branch or
agency; matters considered.
(d) Receipt of deposits and exercising of fiduciary
powers at Federal agency prohibited.
(e) Maintenance of Federal branch and Federal
agency in same State prohibited.
(f) Conversion of foreign bank branch, agency or
commercial lending company into Federal branch
or agency; approval of Comptroller.
(g) Deposit requirements; asset requirements.
(h) Additional branches or agencies.
(i) Termination of authority to operate Federal
branch or agency.
(j) Receivership over assets of foreign bank in
United States.
3103. Interstate banking by foreign banks.
(a) Interstate branching and agency operations.
(b) Continuance of lawful interstate banking
operations previously commenced.
(c) Determination of home State of foreign bank.
(d) Clarification of branching rules in case of
foreign bank with domestic bank subsidiary.
3104. Insurance of deposits.
(a) Objective.
(b) Deposits of less than $100,000.
(c) Deposits required to be insured under State
law.
(d) Retail deposit-taking by foreign banks.
3105. Authority of Federal Reserve System.
(a) Bank reserves.
(b) Omitted.
(c) Foreign bank examinations and reporting.
(d) Establishment of foreign bank offices in United
States.
(e) Termination of foreign bank offices in United
States.
(f) Judicial review.
(g) Consultation with State bank supervisor.
(h) Limitations on powers of State branches and
agencies.
(i) Proceedings related to conviction for money
laundering offenses.
(j) Study on equivalence of foreign bank capital.
(k) Management of shell branches.
3106. Nonbanking activities of foreign banks.
(a) Applicability of Bank Holding Company Acts.
(b) Ownership or control of shares of nonbanking
companies for certain period.
(c) Engagement in nonbanking activities after
certain period.
(d) Construction of terms.
3106a. Compliance with State and Federal laws.
3107. Representative offices.
(a) Prior approval to establish representative
offices.
(b) Termination of representative offices.
(c) Examinations.
(d) Compliance with State law.
3108. Regulation and enforcement.
(a) Rules, regulations and orders.
(b) Enforcement.
(c) Powers of Federal Reserve Board and Federal
Deposit Insurance Corporation.
3109. Cooperation with foreign supervisors.
(a) Disclosure of supervisory information to
foreign supervisors.
(b) Requirement of confidentiality.
3110. Penalties.
(a) Civil money penalty.
(b) Notice under this section after separation from
service.
(c) Penalty for failure to make reports.
3111. Criminal penalty.
-SECREF-
CHAPTER REFERRED TO IN OTHER SECTIONS
This chapter is referred to in sections 619, 1813, 3902 of this
title; title 15 section 78c; title 31 sections 3121, 9110.
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