§ 347.104 Insured state nonmember bank investments in foreign organizations.
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Title 12 CFR: Banks and Banking › Chapter III: FEDERAL DEPOSIT INSURANCE CORPORATION › Part 347: INTERNATIONAL BANKING › § 347.104: § 347.104 Insured state nonmember bank investments in foreign organizations.
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(a)
Investment in foreign banks or foreign banking organizations.
A bank may directly or indirectly acquire and retain equity interests in a foreign bank or foreign banking organization.
(b)
Investment in other foreign organizations.
A bank may only:
(1) acquire and retain equity interests in foreign organizations, other than foreign banks or foreign banking organizations in amounts of 50 percent or less of the foreign organization's voting equity interests, if the equity interest is held through a domestic or foreign subsidiary; and
(2) The bank meets its minimum capital requirements.
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