(a) In this Part, “subject institution” means a foreign (other nation) bank which:
- (1) Maintains one or more California state agencies or branch offices;
- (2) Has one or more approved but unopened California state agencies or branch offices; or
- (3) Has closed one or more California state agencies or branch offices with respect to which it is still required to maintain eligible assets on deposit with an approved depositary.
- (b) This Part contains regulations relating to the deposit by a subject institution of eligible assets with an approved depository pursuant to Financial Code Section 1811.
Note: Authority cited: Section 326, Financial Code. Reference: Section 1811, Financial Code.
History
1. Change without regulatory effect amending subsection (b) and Note filed 8-21-2019 pursuant to section 100, title 1, California Code of Regulations (Register 2019, No. 34).