Section 347.201 - Authority, purpose, and scope(a) This subpart is issued pursuant to sections 5(c) and 10(b)(4) of the Federal Deposit Insurance Act (FDI Act) (12 U.S.C. 1815(c) and 1820(b)(4) ) and sections 6, 7, and 15 of the International Banking Act of 1978 (IBA) (12 U.S.C. 3104 , 3105 , and 3109 ) .(b) This subpart implements the insured branch asset pledge and examination commitment requirement for foreign banks in the FDI Act. It also implements the deposit insurance, permissible activity, and cross-border cooperation provisions of the IBA regarding the FDIC. Sections 347.203-347 .211 apply to state and federal branches whose deposits are insured. Sections 347.204 and 347.207 are applicable to depository institution subsidiaries of a foreign bank. Section 347.212 applies to insured state branches and §§ 347.213-347 .216 apply to state branches whose deposits are not insured by the FDIC.