7 Tex. Admin. Code § 3.57

Current through Reg. 49, No. 40; October 4, 2024

Section 3.57 - Excluded Liabilities

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 § RSA 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.

7 Tex. Admin. Code § 3.57

The provisions of this §3.57 adopted to be effective November 12, 2003, 28 TexReg 9823