§ 201.7 - Branches and agencies.

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(a) Except as may be otherwise provided, this part shall be applicable to United States branches and agencies of foreign banks subject to reserve requirements under Regulation D (12 CFR part 204) in the same manner and to the same extent as depository institutions.

(b) This part applies to a United States branch or agency of a foreign bank in the same manner and to the same extent as an eligible institution if the foreign bank is in sound financial condition in the judgment of the lending Federal Reserve Bank.
Effective Date Note:
At 67 FR 67787, Nov. 7, 2002,§ 201.7 was removed, effective Jan. 9, 2003.

                    
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