§412:5-206  International banking
facilities.  A bank may without prior approval of the commissioner
establish an international banking facility anywhere in this State.  An
international banking facility is a set of international banking accounts under
Regulation D of the Federal Reserve Board (12 C.F.R. Part 204).  At least
fourteen days prior to the establishment of an international banking facility
any bank intending to do so shall furnish the commissioner with a copy of the
statement of intention required under Regulation D.  Every bank maintaining an
international banking facility shall furnish the commissioner with a copy of
each quarterly report required under Regulation D. [L 1993, c 350, pt of §1]



 



Cross References



 



  Allowance for deduction from entire net income, see §241-3.5.



  International banking corporations, see chapter 412, article
5A.