Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 1 - FINANCE COMMISSION OF TEXAS
Chapter 3 - STATE BANK REGULATION
Subchapter C - FOREIGN BANK BRANCHES, AGENCIES AND REPRESENTATIVE OFFICES
Section 3.42 - Foreign Bank Branch and Agency Records
Current through Reg. 49, No. 38; September 20, 2024
A foreign bank branch or agency shall maintain the following records in English, or accompanied by an English translation, at its authorized location and make the records available for examination by the department or as otherwise requested by the banking commissioner:
(1) the records required under the Finance Code, Chapter 204, including §204.002, and, to the extent applicable, § RSA 3.60 and § RSA 3.61 of this title (relating to Pledge and Maintenance of Assets by Foreign Bank Licensed to Maintain Texas State Branch or Agency);
(2) separate accounting records relating to its assets and liabilities and, if available, its income and expenses resulting from the branch's or agency's operations in this state;
(3) records relating to all filings or permits required by federal regulators;
(4) records of all credit balances, including:
(5) records listing all representative offices, loan production offices, or other subsidiaries maintained in this state by the foreign bank branch or agency or by the foreign bank that controls the branch or agency; and
(6) such other records that the banking commissioner may require.
