§ 303.184. Moving an insured branch of a foreign bank.

620 words·~3 min read·/us/cfr/t12/s§ 303.184·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Filing procedures—(1) Where and when to file. A filing by an insured branch of a foreign bank seeking the FDIC's consent to move from one location to another, as required by section 18(d)(1) of the FDI Act (12 U.S.C. 1828(d)(1)), shall be submitted in writing to the appropriate FDIC office.

(2)Content of filing. A complete letter filing shall include the exact location of the proposed site, including the street address.

(3)Comptroller's application. If the filer is submitting an application with the Comptroller that contains the information required by paragraph (a)(2) of this section, the filer may submit a copy to the FDIC in lieu of a separate filing.

(4)Additional information. The FDIC may request additional information to complete processing.

(b)Processing—(1) Expedited processing for eligible insured branches. A filing submitted by an eligible insured branch as defined in § 303.181(c) will be acknowledged in writing by the FDIC and will receive expedited processing if the filer is proposing to move within the same State. A filing processed under expedited processing will be deemed approved on the third business day after the FDIC's receipt of a letter filing that includes the information set forth in § 303.42.

(2)Standard processing. For those filings that are not processed pursuant to the expedited procedures, the FDIC will provide the filer with written notification of the final action as soon as the decision is rendered.

(c)Other approval criteria. The FDIC may approve a filing under this section if the criteria in paragraphs (c)(1) through

(6)of this section are satisfied.

(1)The factors set forth in section 6 of the FDI Act (12 U.S.C. 1816) have been considered and favorably resolved;

(2)The filer is at least adequately capitalized as defined in subpart H of part 324 of this chapter;

(3)Any financial arrangements that have been made in connection with the proposed relocation and that involve the filer's directors, officers, major shareholders, or their interests are fair and reasonable in comparison to similar arrangements that could have been made with independent third parties;

(4)Compliance with the CRA and any applicable related regulations, including part 345 of this chapter, has been considered and favorably resolved;

(5)No CRA protest as defined in § 303.2(l) has been filed that remains unresolved or, where such a protest has been filed and remains unresolved, the Director or designee concurs that approval is consistent with the purposes of the CRA and the filer agrees in writing to any conditions imposed regarding the CRA; and

(6)The filer agrees in writing to comply with any conditions imposed by the FDIC, other than the standard conditions defined in § 303.2(dd) that may be imposed without the filer's written consent.

(d)Relocation of insured branch from one State to another. If the foreign bank proposes to relocate an insured State branch to a State that is outside the State where the branch is presently located, in addition to meeting the approval criteria contained in paragraph

(c)of this section, the foreign bank must:

(1)Comply with any applicable State laws or regulations of the States affected by the proposed relocation; and

(2)Obtain any required regulatory approvals from the appropriate State licensing authority of the State to which the insured branch proposes to relocate before relocating the existing branch operations and surrendering its existing license to the appropriate State licensing authority of the State from which the branch is relocating. [67 FR 79247, Dec. 27, 2002, as amended at 70 FR 17559, Apr. 6, 2005; 78 FR 55470, Sept. 10, 2013; 83 FR 17739, Apr. 24, 2018; 85 FR 72555, Nov. 13, 2020; 86 FR 9433, Feb. 16, 2021; 90 FR 60558, Dec. 29, 2025]

Connections13 cite this · traces to 2

Cited by 13 sections · top 9

Traces to 2 documents

U.S. Code

Citation graph

cites case law

§ 303.184

Moving an insured branch of a foreign bank.

Fed. Reg.×13

U.S.C.§ 1828

U.S.C.§ 1816

Cites 2Cited by 13 across 1 source