OCC 2002-35
OCC BULLETIN	

Subject:      International Banking Activities Capital 
              Equivalency Deposits	
Description:  Final Rule

Date:	      August 12, 2002
 
TO:  Chief Executive Officers of All National Banks, 
     Federal Branches and Agencies, Department and 
     Division Heads, and All Examining Personnel

The attached final rule implements changes to Office of 
the Comptroller of the Currency (OCC) regulations 
regarding the capital equivalency deposits required of 
foreign banks with federal branches and agencies.

The final rule was published in the Federal Register and 
became effective on June 19. 

The final rule amends the OCC's regulation regarding the 
capital equivalency deposits (CED) that foreign banks with 
federal branches or agencies must establish and maintain.  
The rule revises certain requirements regarding CED 
deposit arrangements to increase flexibility for, and 
reduce burden on, certain federal branches and agencies, 
based on a supervisory assessment of the risks presented 
by the particular institution.

For further information, contact Carlos Hernandez, senior 
international advisor, International Banking and Finance 
Division at (202) 874-4730 or Martha Clarke, acting 
assistant director for Legislative and Regulatory 
Activities Division at (202) 874-5090.



Julie L. Williams
First Senior Deputy Comptroller and Chief Counsel


Attachment - 67 FR 41619
[ http://www.occ.treas.gov/fr/fedregister/67fr41619.pdf ]