New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 52 - Maintenance Of Assets By Licensed Foreign Banks In New York
Section 52.2 - Statement of policy
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 52.2
Current through Register Vol. 46, No. 12, March 20, 2024
Whether or not the foreign banking corporation is required to maintain eligible assets pursuant to the provisions of this Part, it is hereby declared to be the policy of the Banking Board that the foreign banking corporation shall maintain at the branch or agency the evidence of indebtedness, or other documentation, for any asset which appears in the books, accounts and records of that branch or agency as an asset of such branch or agency.
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