§ 347.203. Deposit insurance required for all branches of foreign banks engaged in domestic retail deposit activity in the same State.
44 words·~1 min read·
/us/cfr/t12/s§ 347.203·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The FDIC will not insure deposits in any branch of a foreign bank unless the foreign bank agrees that every branch established or operated by the foreign bank in the same state that engages in domestic retail deposit activity will be an insured branch.