California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 10 - Banks
Article 6 - California State Offices of Foreign (Other Nation) Banks
Subarticle 3 - Agencies and Branch Offices
Part 10 - Deposit of Eligible Assets
Subpart 5 - Applicable Minimum
Section 10.16101 - Amount
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
Unless the Commissioner provides otherwise:
(a) In the case of a subject institution which maintains one or more California state agencies, has one or more approved but unopened California state agencies, or has closed one or more California state agencies with respect to which it is still required to maintain eligible assets on deposit with an approved depository, the applicable minimum for any maintenance period shall be $1,000,000.
(b) In the case of a subject institution which maintains one or more California state branch offices, has one or more approved but unopened California state branch offices, or has closed one or more California state branch offices with respect to which it is still required to maintain eligible assets on deposit with an approved depository, the applicable minimum for any maintenance period shall be the greater of:
1.
Certificate of Compliance including amendment transmitted to OAL 2-11-82 and
filed 3-12-82 (Register 82, No. 11).
2. Change without regulatory
effect amending section filed 8-19-97 pursuant to section
100, title 1, California Code of
Regulations (Register 97, No. 34).
3. Amendment filed 4-14-98;
operative 5-14-98 (Register 98, No. 16).
Note: Authority cited: Section 215, Financial Code. Reference: Section 1761, Financial Code.
