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 8 - Business and Operations-Wholesale Branch Office
Subpart 2 - Deposits
Section 10.15627 - Non-Retail Deposits

Cal. Code Regs. tit. 10 § 10.15627

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Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 10.15627 - Non-Retail Deposits

Pursuant to Financial Code Section 1805(a)(4)(C), the following deposits are determined to be deposits the acceptance of which by a subject institution at its subject offices does not constitute engaging in domestic retail deposit activities requiring deposit insurance protection:

(a) Deposits of the type described in 12 C.F.R. § 346.6(a).
(b) Deposits accepted at a branch office which is exempted from the requirement of federal deposit insurance by the Federal Deposit Insurance Corporation pursuant to 12 C.F.R. § 346.6(b).

Cal. Code Regs. Tit. 10, § 10.15627

1. Repealer of subsections (a)-(e) and new subsections (a) and (b) filed 4-14-98; operative 5-14-98 (Register 98, No. 16).
2. Change without regulatory effect amending section and 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 1805, Financial Code.

1. Repealer of subsections (a)-(e) and new subsections (a) and (b) filed 4-14-98; operative 5-14-98 (Register 98, No. 16).
2. Change without regulatory effect amending section and Note filed 8-21-2019 pursuant to section 100, title 1, California Code of Regulations (Register 2019, No. 34).