# 12 C.F.R. § 347.114 (2026): Extensions of credit to foreign organizations held by insured state nonmember banks; shares of foreign organizations held in connection with debts previously contracted

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P347_S347_114

## Section

- **Citation:** 12 C.F.R. § 347.114 (2026)
- **Heading:** Extensions of credit to foreign organizations held by insured state nonmember banks; shares of foreign organizations held in connection with debts previously contracted
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 12 CFR: Banks and Banking / Chapter III: FEDERAL DEPOSIT INSURANCE CORPORATION / Part 347: INTERNATIONAL BANKING / § 347.114: § 347.114   Extensions of credit to foreign organizations held by insured state nonmember banks › shares of foreign organizations held in connection with debts previously contracted.

## Text

(a)
Loans or extensions of credit.
A bank that directly or indirectly holds equity interests in a foreign organization pursuant to the authority of this subpart may make loans or extensions of credit to or for the accounts of the organization without regard to the provisions of section 18(j) of the FDI Act (12 U.S.C. 1828(j)).
(b)
Debts previously contracted.
Equity interests acquired to prevent a loss upon a debt previously contracted in good faith are not subject to the limitations or procedures of this subpart; however, they must be disposed of promptly but in no event later than two years after their acquisition, unless the FDIC authorizes retention for a longer period.

## Nearby sections

- [12 C.F.R. § 347.101 (2026) § 347.101   Authority, purpose, and scope.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P347_S347_101.md)
- [12 C.F.R. § 347.102 (2026) § 347.102   Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P347_S347_102.md)
- [12 C.F.R. § 347.103 (2026) § 347.103   Effect of state law on actions taken under this subpart.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P347_S347_103.md)
- [12 C.F.R. § 347.104 (2026) § 347.104   Insured state nonmember bank investments in foreign organizations.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P347_S347_104.md)
- [12 C.F.R. § 347.105 (2026) § 347.105   Permissible financial activities outside the United States.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P347_S347_105.md)
- [12 C.F.R. § 347.106 (2026) § 347.106   Going concerns.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P347_S347_106.md)
- [12 C.F.R. § 347.107 (2026) § 347.107   Joint ventures.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P347_S347_107.md)
- [12 C.F.R. § 347.108 (2026) § 347.108   Portfolio investments.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P347_S347_108.md)
- [12 C.F.R. § 347.109 (2026) § 347.109   Limitations on indirect investments in nonfinancial foreign organizations.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P347_S347_109.md)
- [12 C.F.R. § 347.110 (2026) § 347.110   Affiliate holdings.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P347_S347_110.md)
- [12 C.F.R. § 347.111 (2026) § 347.111   Underwriting and dealing limits applicable to foreign organizations held by insured state nonmember banks.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P347_S347_111.md)
- [12 C.F.R. § 347.112 (2026) § 347.112   Restrictions applicable to foreign organizations that act as futures commission merchants.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P347_S347_112.md)
- [12 C.F.R. § 347.113 (2026) § 347.113   Restrictions applicable to activities by a foreign organization in the United States.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P347_S347_113.md)
- [12 C.F.R. § 347.114 (2026) § 347.114   Extensions of credit to foreign organizations held by insured state nonmember banks; shares of foreign organizations held in connection with debts previously contracted.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P347_S347_114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P347_S347_114. Check the current official text before relying on it. Not legal advice.