§ 240.8. Capital requirements.
220 words·~1 min read·
/us/cfr/t12/s§ 240.8·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Capital required for a state member bank. A banking institution defined in section 240.2(b)(1) offering or entering into retail forex transactions must be well-capitalized as defined in section 208.43 of Regulation H (12 CFR 208.43).
(b)Capital required for an uninsured state-licensed branch of a foreign bank. A banking institution defined in § 240.2(b)(2) offering or entering into retail forex transactions must be well-capitalized under the capital rules made applicable to it pursuant to § 225.2(r)(3) of Regulation Y (12 CFR 225.2(r)(3)).
(c)Capital required for financial holding companies and bank holding companies. A banking institution defined in § 240.2(b)(3) or
(4)offering or entering into retail forex transactions must be well-capitalized as defined in § 225.2(r) of Regulation Y (12 CFR 225.2(r)).
(d)Capital required for savings and loan holding companies. A banking institution defined in § 240.2(b)(5) offering or entering into retail forex transactions must be well-capitalized as defined in § 238.2(s) of Regulation LL (12 CFR 238.2(s)).
(e)Capital required for an agreement corporation or Edge Act corporation. A banking institution defined in § 240.2(b)(6) or
(7)offering or entering into retail forex transactions must maintain capital in compliance with the capital adequacy guidelines that are made applicable to an Edge corporation engaged in banking pursuant to § 211.12 (c)(2) of Regulation K (12 CFR 211.12(c)(2)).
Connectionstraces to 4
Citation graph
cites case law
Cites 4Cited by 0 across 0 sources