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 3.57 - Excluded Liabilities
Universal Citation: 7 TX Admin Code § 3.57
Current through Reg. 50, No. 13; March 28, 2025
The following liabilities of a foreign bank's Texas state branch or agency are not included for purposes of calculating the amount of assets required to be pledged under § 3.53 of this title (relating to Asset Deposit and Pledge Requirement Applicable to Branch or Agency with Nonrelated Deposit Liabilities):
(1) amounts due and other liabilities to other offices, agencies, branches and affiliates of the foreign bank;
(2) liabilities arising from repurchase agreements and other similar instruments to the extent secured by collateral;
(3) reserves for possible loan losses and other contingencies; and
(4) such other liabilities as the banking commissioner may determine.
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