12 CFR § 347.203 - Deposit insurance required for all branches of foreign banks engaged in domestic retail deposit activity in the same State.

---
identifier: "/us/cfr/t12/s347.203"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 347.203 - Deposit insurance required for all branches of foreign banks engaged in domestic retail deposit activity in the same State."
title_number: 12
title_name: "Banks and Banking"
section_number: "347.203"
section_name: "Deposit insurance required for all branches of foreign banks engaged in domestic retail deposit activity in the same State."
chapter_name: "FEDERAL DEPOSIT INSURANCE CORPORATION"
subchapter_number: "B"
subchapter_name: "REGULATIONS AND STATEMENTS OF GENERAL POLICY"
part_number: "347"
part_name: "INTERNATIONAL BANKING"
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. 1813, 1815, 1817, 1819, 1820, 1828, 3103, 3104, 3105, 3108, 3109; Pub L. No. 111-203, section 939A, 124 Stat. 1376, 1887 (July 21, 2010) (codified 15 U.S.C. 78o-7 note)."
regulatory_source: "70 FR 17560, Apr. 6, 2005, unless otherwise noted."
cfr_part: "347"
---


# 347.203 Deposit insurance required for all branches of foreign banks engaged in domestic retail deposit activity in the same State.

The FDIC will not insure deposits in any branch of a foreign bank unless the foreign bank agrees that every branch established or operated by the foreign bank in the same state that engages in domestic retail deposit activity will be an insured branch.