Legal Interpretations
Foreign Banks/International Banking - 1996 Letters
December 6, 1996
To Florida Department of Banking and Finance confirming that Board approval is not required under Regulation K (12 CFR 211) for the conversion of a federal agency of a foreign bank to a state agency.
July 22, 1996
To Mr. Jonathan Weld concerning the proposed investment by The Bank of Nova Scotia in Grupo Financiero Inverlat, and whether the Bank would be deemed to control Inverlat under the BHCA in light of the significant interest in Inverlat held by the Mexican government.
March 4, 1996
To Hanil Bank, Seoul, Korea, regarding their intention to issue commercial paper in the U.S. using a special purpose company ("orphan subsidiary") under BHCA 4(c)(1)(C).
Last Update:
March 06, 2017