Part
347 of the FDIC Rules and Regulations allows banks meeting certain qualification criteria
to make investments in foreign organizations via a notice under General Consent
if another state nonmember bank has a foreign bank subsidiary in the relevant foreign
country. The information provided below is to assist applicants by identifying such
foreign countries where such foreign bank subsidiaries exist.
Foreign Countries Where State Nonmember Banks Have Banking Subsidiaries
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Cayman Islands*
Mexico* |
Switzerland*
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The foregoing list represents all of the foreign countries, per the definition of Section
347.102(j), where state nonmember banks have foreign bank subsidiaries. * - Indicates that establishing a foreign branch
or investing in a foreign organization via a notice under General Consent is not
available. Part 347 does not permit a bank to use General Consent provisions when the
FDIC has limits on its access to information. Please
contact Mr. Galo Cevallos, Senior International Advisor, Office of International
Affairs at (202) 898-7439 for additional information. |
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Part 347 of the FDIC Rules and Regulations
allows banks meeting certain qualification criteria to establish foreign branches via a
notice under General Consent if the applicant already operates a foreign
branch or banking subsidiary in the relevant foreign country. The information provided
below is to assist applicants by identifying such foreign countries where such foreign
branches exist.
Foreign Countries Where State Nonmember Banks Have Branches
|
Australia*
Bahamas*
China*
Cayman Islands*
|
Federated States of Micronesia
Guam
Guernsey
Marshall Islands* |
Northern Mariana Islands
Palau*
United Kingdom |
The foregoing list represents all of the foreign countries, per the definition in Section
347.102(j), where state nonmember banks have established a foreign branch. * -
Indicates that establishing a foreign branch or investing in a foreign organization via a
notice under General Consent is not available. Part 347 does not permit a bank to
use General Consent provisions when the FDIC has limits on its access to information.
Please contact Mr. Galo Cevallos, Senior International Advisor,
Office of International Affairs at (202) 898-7439 for additional information.
NOTE:Foreign Country is
defined as any country other than the United States and includes any territory,
dependency, or possession of any such country or of the United States. |
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