12 CFR § 303.186 - Exemptions from insurance requirements for a state branch of a foreign bank.

---
identifier: "/us/cfr/t12/s303.186"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 303.186 - Exemptions from insurance requirements for a state branch of a foreign bank."
title_number: 12
title_name: "Banks and Banking"
section_number: "303.186"
section_name: "Exemptions from insurance requirements for a state branch of a foreign bank."
chapter_name: "FEDERAL DEPOSIT INSURANCE CORPORATION"
subchapter_number: "A"
subchapter_name: "PROCEDURE AND RULES OF PRACTICE"
part_number: "303"
part_name: "FILING PROCEDURES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 378, 1464, 1813, 1815, 1817, 1818, 1819(a) (Seventh and Tenth), 1820, 1823, 1828, 1829, 1831a, 1831e, 1831 1831p-1, 1831w, 1835a, 1843(l), 3104, 3105, 3108, 3207, 5414, 5415, and 15 U.S.C. 1601-1607."
regulatory_source: "67 FR 79247, Dec. 27, 2002, unless otherwise noted."
cfr_part: "303"
---


# 303.186 Exemptions from insurance requirements for a state branch of a foreign bank.

(a) Filing procedures—(1) *Where to file.* An application by a foreign bank for consent to operate as a noninsured state branch, as permitted by § 347.215(b) of this chapter, shall be submitted in writing to the appropriate FDIC office.

(2) *Content of filing.* A complete letter application shall include the following information:

(i) The kinds of deposit activities in which the state branch proposes to engage;

(ii) The expected source of deposits;

(iii) The manner in which deposits will be solicited;

(iv) How the activity will maintain or improve the availability of credit to all sectors of the United States economy, including the international trade finance sector;

(v) That the activity will not give the foreign bank an unfair competitive advantage over United States banking organizations; and

(vi) A resolution by the applicant's board of directors, or evidence of approval by senior management if a resolution is not required pursuant to the applicant's organizational documents, authorizing the filing of the application.

(3) *Additional information.* The FDIC may request additional information to complete processing.

(4) *Processing.* The FDIC will provide the applicant with written notification of the final action taken.

[67 FR 79247, Dec. 27, 2002, as amended at 70 FR 17559, Apr. 6, 2005]