101 SCOPE

101.1 These rules shall govern the chartering, licensing and granting of authorization to do business for:

1. (a) Banks, trust companies, or other financial institutions including District branches and agencies of foreign banks seeking to establish in the District, pursuant to D.C. Official Code §§ 26-101 et seq., an office or banking house where deposits or savings are received;
2. (b) Savings and loan associations and similar thrift institutions seeking to establish in the District, pursuant to D.C. Official Code §§ 26-201 et seq., an office doing a thrift business; and
3. (c) National banks converting to a District bank charter.

101.2 These rules shall govern the supervision of the following:

1. (a) Any entity organized or chartered pursuant to D.C. Official Code §§ 26-101 et seq.;
2. (b) Any District bank organized pursuant to the laws of the District of Columbia;
3. (c) Any regional bank holding company wishing to do business, doing business, or expanding the scope of its business in the District;
4. (d) Any nonregional bank holding company wishing to do business, doing business, or expanding the scope of its business in the District;
5. (e) Any District savings and loan association, savings bank, or similar thrift institution organized pursuant to the laws of the District of Columbia;
6. (f) Any District branch or agency of a foreign bank;
7. (g) Changes in control of covered District financial institutions; and
8. (h) The opening and establishing of branches and other business offices by financial institutions.

101.3 [RESERVED]

101.4 These rules establish procedures for the following:

1. (a) Reserving a name under which a financial institution may do business; and
2. (b) Obtaining a certificate of authority or of good standing from the Commissioner.

SOURCE: Final Rulemaking published at 35 DCR 6276, 6277-6278 (August 19, 1988).