# 12 CFR § 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

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-347.114

## Section

- **Citation:** 12 CFR § 347.114
- **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:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER III—FEDERAL DEPOSIT INSURANCE CORPORATION > SUBCHAPTER B—REGULATIONS AND STATEMENTS OF GENERAL POLICY > PART 347—INTERNATIONAL BANKING

## 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 CFR § 325.1 § 325.1 Authority, purpose, and reservation of authority.](https://www.frixlaw.com/law-library/statutes/ecfr-12-325.1.md)
- [12 CFR § 325.4 § 325.4 Periodic stress tests required.](https://www.frixlaw.com/law-library/statutes/ecfr-12-325.4.md)
- [12 CFR § 325.5 § 325.5 Methodologies and practices.](https://www.frixlaw.com/law-library/statutes/ecfr-12-325.5.md)
- [12 CFR § 325.6 § 325.6 Required reports of stress test results to the FDIC and the Board of Governors of the Federal Reserve System.](https://www.frixlaw.com/law-library/statutes/ecfr-12-325.6.md)
- [12 CFR § 325.7 § 325.7 Publication of stress test results.](https://www.frixlaw.com/law-library/statutes/ecfr-12-325.7.md)
- [12 CFR § 330.1 § 330.1 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-330.1.md)
- [12 CFR § 330.3 § 330.3 General principles.](https://www.frixlaw.com/law-library/statutes/ecfr-12-330.3.md)
- [12 CFR § 330.5 § 330.5 Recognition of deposit ownership and fiduciary relationships.](https://www.frixlaw.com/law-library/statutes/ecfr-12-330.5.md)
- [12 CFR § 330.8 § 330.8 Annuity contract accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-330.8.md)
- [12 CFR § 330.10 § 330.10 Trust accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-330.10.md)
- [12 CFR § 330.14 § 330.14 Retirement and other employee benefit plan accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-330.14.md)
- [12 CFR § 330.15 § 330.15 Accounts held by government depositors.](https://www.frixlaw.com/law-library/statutes/ecfr-12-330.15.md)
- [12 CFR § 330.101 § 330.101 Premiums.](https://www.frixlaw.com/law-library/statutes/ecfr-12-330.101.md)
- [12 CFR § 331.1 § 331.1 Authority, purpose, and scope.](https://www.frixlaw.com/law-library/statutes/ecfr-12-331.1.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-347.114. Check the current official text before relying on it. Not legal advice.