Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 1 - Commissioner of Business Oversight, Division of Financial InstitutionsSubchapter 10 - BanksArticle 6 - California State Offices of Foreign (Other Nation) BanksSubarticle 3 - Agencies and Branch OfficesPart 4 - Business and Operations-General
Subpart 5 - Interest on Deposits and Related Matters
Section 10.14800 - Definitions of "Subject Institution" and "Subject Office" and Scope

Cal. Code Regs. tit. 10 § 10.14800

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Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 10.14800 - Definitions of "Subject Institution" and "Subject Office" and Scope
(a) In this Subpart:
(1) "Subject institution" means a foreign (other nation) bank which maintains one or more California state agencies, limited branch offices, or wholesale branch offices that are not subject to Regulation Q of the Board of Governors of the Federal Reserve System ( 12 C.F.R. Part 217), or Part 329 of the regulations of the Federal Deposit Insurance Corporation ( 12 C.F.R. Part 329).
(2) "Subject office" means any California state agency, limited branch office, or wholesale branch office of a subject institution.
(b) This Part contains regulations relating to the interest that a subject institution may pay on deposits at its subject offices and related matters.

Cal. Code Regs. Tit. 10, § 10.14800

1. Amendment of subsection (a)(1) filed 3-12-82; effective thirtieth day thereafter (Register 82, No. 11).
2. Amendment of subsection (a)(1) filed 5-5-86 as an emergency; effective upon filing (Register 86, No. 19). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 9-2-86.
3. Certificate of Compliance transmitted to OAL 8-28-86 and filed 9-23-86 (Register 86, No. 39).
4. Change without regulatory effect amending NOTE filed 8-21-2019 pursuant to section 100, title 1, California Code of Regulations (Register 2019, No. 34).

Note: Authority cited: Section 326, Financial Code. Reference: Section 1809, Financial Code.

1. Amendment of subsection (a)(1) filed 3-12-82; effective thirtieth day thereafter (Register 82, No. 11).
2. Amendment of subsection (a)(1) filed 5-5-86 as an emergency; effective upon filing (Register 86, No. 19). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 9-2-86.
3. Certificate of Compliance transmitted to OAL 8-28-86 and filed 9-23-86 (Register 86, No. 39).
4. Change without regulatory effect amending Note filed 8-21-2019 pursuant to section 100, title 1, California Code of Regulations (Register 2019, No. 34).