Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 1 - FINANCE COMMISSION OF TEXAS
Chapter 3 - STATE BANK REGULATION
Subchapter D - PLEDGE AND MAINTENANCE OF ASSETS BY FOREIGN BANK LICENSED TO MAINTAIN TEXAS STATE BRANCH OR AGENCY
Section 3.55 - Calculation of Liabilities
Universal Citation: 7 TX Admin Code § 3.55
Current through Reg. 50, No. 13; March 28, 2025
(a) Calculation of liabilities in accordance with Call Report. For purposes of §3.53(b), and except as otherwise provided in this subchapter, a foreign bank must:
(1) calculate the nonrelated deposit liabilities and nonrelated other liabilities of its Texas state branch or agency in accordance with the instructions in the FFIEC Call Report; and
(2) calculate the asset pledge on the same basis on which it calculates quarterly averages for Call Report purposes (currently, the average of liabilities subject to asset pledge either as of the close of business for each day of the calendar quarter or as of the close of business on each Wednesday during the calendar quarter).
(b) Aggregation. A foreign bank that maintains more than one Texas state branch or agency must calculate the amount of the required asset pledge on an aggregate basis.
Disclaimer: These regulations may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.