Section 6:551.15 - State administrative office; authorization; permitted activitiesA. With the authorization of the commissioner of financial institutions, a foreign bank may, subject to approval from the Federal Reserve Board, establish a state administrative office in this state subject to the provisions of this Chapter and applicable federal law.B. An administrative office may engage only in the following activities: (1) Administration of personnel and operations.(2) Engage in data processing or recordkeeping activities.