§412:5-206  International bankingfacilities.  A bank may without prior approval of the commissionerestablish an international banking facility anywhere in this State.  Aninternational banking facility is a set of international banking accounts underRegulation D of the Federal Reserve Board (12 C.F.R. Part 204).  At leastfourteen days prior to the establishment of an international banking facilityany bank intending to do so shall furnish the commissioner with a copy of thestatement of intention required under Regulation D.  Every bank maintaining aninternational banking facility shall furnish the commissioner with a copy ofeach 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, article5A.