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    <abstract>The FDIC is amending its international banking regulations in subpart J of part 303 and revising subparts A and B of part 347. The amendments reorganize, clarify, and revise subparts A and B of part 347, and address various issues raised as part of the FDIC's ongoing effort under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (12 U.S.C. 3311). Included in the revisions are amendments that address relocation of insured U.S. branches of foreign banks within and outside the state where such branches are presently located, adoption of a risk-based asset pledge requirement for insured U.S. branches of foreign banks, and information and examination requirements for foreign banks that own branches or depository institution subsidiaries seeking FDIC deposit insurance. The FDIC has also decided to maintain its existing position concerning the availability of FDIC deposit insurance for wholesale U.S. branches of foreign banks.</abstract>
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        <topic>Authority Delegations (Government Agencies)</topic>
        <topic>Bank Deposit Insurance</topic>
        <topic>Banks</topic>
        <topic>Banking</topic>
        <topic>Reporting and Recordkeeping Requirements</topic>
        <topic>Savings Associations</topic>
        <topic>Credit</topic>
        <topic>Foreign Banking</topic>
        <topic>Investments</topic>
        <topic>United States Investments Abroad</topic>
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        <summary>The FDIC is amending its international banking regulations in subpart J of part 303 and revising subparts A and B of part 347. The amendments reorganize, clarify, and revise subparts A and B of part 347, and address various issues raised as part of the FDIC's ongoing effort under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (12 U.S.C. 3311). Included in the revisions are amendments that address relocation of insured U.S. branches of foreign banks within and outside the state where such branches are presently located, adoption of a risk-based asset pledge requirement for insured U.S. branches of foreign banks, and information and examination requirements for foreign banks that own branches or depository institution subsidiaries seeking FDIC deposit insurance. The FDIC has also decided to maintain its existing position concerning the availability of FDIC deposit insurance for wholesale U.S. branches of foreign banks.</summary>
        <dates>These revisions are effective July 1, 2005.</dates>
        <contact>John Di Clemente, Chief, International Section, Division of Supervision and Consumer Protection, (202) 898- 3540 or jdiclemente@fdic.gov or Rodney D. Ray, Counsel, Legal Division, (202) 898-3556 or rray@fdic.gov, Federal Deposit Insurance Corporation, 550 17th Street, NW., Washington, DC 20429.</contact>
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            <subject>Banks</subject>
                                    
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            <subject>Credit</subject>
                                    
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        <tocDoc>International banking regulations; activities of insured state nonmember banks operating in foreign countries and insured U.S. branches of foreign banks, </tocDoc>
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