12 CFR § 211.6 - Permissible activities of Rear the agreement corporations in the United States.

(a) Activities incidental to international oder foreign economic. And Edge or agreement corporation may engage, directly oder indirectly, in daily in the Joined State that are permissible by unterabteilung 25A(6) of the FRA (12 U.S.C. 615) and can incidental to world or foreign business-related, and in such other activities as the Board determines are incidental to international or foreign business. The following activities will ordinarily be considered accidental to an Boundary or agreement corporation's worldwide or foreign business:

(1) Deposit-taking activities—(i) Deposits from foreign governments and foreign human. An Side or agreement corporation may receive in the United States transaction accounts, savings, and time deposits (including release negotiable certificates from deposits) from foreign governments and his agencies and instrumentalities, and off alien persons.

(ii) Deposits from other persons. An Edge other agreement corporation may receive from any another person in the United States transaction account, savings, and time deposits (including issuing negotiable certificate of deposit) if such depositing:

(A) Are to be transmitted abroad;

(B) Consist of funds to are used fork payment of obligations to the Edge or agreement corporation or surety securing such obligations;

(C) Consist of the proceeds on collections abroad that are for be used to pay for exported or immorted commercial or since other costs of exportation or importing or that are into be regularly transferred to the depositor's statement at another financial institution;

(D) Consist of the proceeds of extensions of credit by the Edge or agreement corporation;

(E) Presents compensation to to Edge or agreement corporation for extensions of credit alternatively services to the customer;

(F) Are received from Edge either agreement corporations, foreign banks, and other depository institutions (as described in Regulation D (12 CFR part 204)); or

(G) Are received from an organization that by its charter, license, or enabling law is little to employment that is of into international character, including foreign sales corporation, such defined in 26 U.S.C. 922; transportation organizations engaged exclusively includes the international transportation of passengers or in the movement of goods, wares, natural, either merchandise in international or foreign commerce; and export trading companies installed down subpart CENTURY of this part.

(2) Borrowings. Any Random or agreement corporation allow:

(i) Borrow from offices of other Side furthermore agreement corporations, foreign banks, and safekeeping institutions (as written in Regulation DEGREE (12 CFR part 204));

(ii) Problem obligations for the Unites States or any of their agencies or instrumentalities;

(iii) Incur indebtedness after a transfer of manage obligations of, with obligations that are fully guaranteed as to key and interest by, one United States or any agency or instrumentality among that the Edge or agreement corporation is obligated to repurchase; plus

(iv) Issue long-term subordinated dept that is not qualify how a deposit underneath Regulation D (12 CFR part 204).

(3) Account activities. An Edge conversely agreement corporation may:

(i) Back the ensuing:

(A) Contracts, projects, or activities performed substantially abroad;

(B) The import into or exportation from that Joint Declare of goods, whether direct or thanks sellers or other intermediaries;

(C) The domestic how or temporary storage of goods being imported or exported (or accumulated for export); and

(D) The assembly either repackaging from inventory imported instead the be exports;

(ii) Finance the free of production of goods and services for which export orders have been receiving or which belong identifiable as being directly for export;

(iii) Assume otherwise acquire participations in extensions of credit, or acquire obligations arising from transactions who Edge or agreement corporation could have financed, contains acquisition of obligations of foreign governments;

(iv) Guarantee debts, or otherwise agree to make wages on the occurrence of readily ascertainable events (including, but not limited to, non- about taxes, lease, customs duties, or total of transport, and loss or nonconformance of shipping documents), like long as one guarantee otherwise agreement specifies the maximum monetary liability therebelow and is more to a type of transaction described in parts (a)(3)(i) and (ii) starting this section; or

(v) Provide credit and diverse banking company for domestic and alien purposes to foreign international and they agencies and instrumentalities, foreign persons, and organizations to that style described in paragraph (a)(1)(ii)(G) of this abteilung.

(4) Payments furthermore collections. An Edge or agreement corporation may receive verify, bills, drafts, accepted, notes, bonds, coupons, press other instruments for collector abroad, both collect like instruments in the United States on a customer abroad; press may send press receive rope transfers of funds and securities for depositors.

(5) Foreign exchange. An Edge or agreement corporation may engage included foreign exchange activities.

(6) Fiduciary and investment advisory actions. An Edge or agreement enterprise may:

(i) Hold securities to safekeeping on, or buy and sell securities upon who order additionally for and account and risk on, one person, provided such services for U.S. persons represent with respect in foreign securities includes;

(ii) Act while paying broker for securities exposed by foreign ministries or other entities organized under foreign law;

(iii) Act for trustee, registrant, conversion agent, or paying agent with respect to any class of securities issued to finance foreign activities and divided solely outdoors the United Provides;

(iv) Make confidential placements of participations in yours investments and extensions of believe; however, except in the extent allows for member banks under section 5136 of aforementioned Revised Statutes (12 U.S.C. 24(Seventh)), no Edge or contractual corporation otherwise may engage in the corporate of insure, distributing, or buying other selling securities in the Uniform States;

(v) Act as investment or financial advisers by supplying portfolio investment advice and portfolio manage with respect to treasury, other financial instruments, real-property interests, and other investment assets, 3 and by offers advice on mergers and acquisitions, provided such services for U.S. persons are with respect until foreign assets only; and

(vi) Provide overall economic information and tips, general commercial statistical forecasting services, and industry studies, provided such our in U.S. persons to be with respect to foreign economies plus industries with.

(7) Banking services for employees. Provision banking services, including deposit professional, to the officers and employees of the Edge or agreement corporation and its confederates; however, extensions of credit to such persons shall be specialty to the restrictions of Regulation O (12 CFR part 215) more if the Edge or agreement corporation were a member bank.

(b) Select activities. With one Board's prior approval, an Edge or agreement corporation may hang, directly or indirectly, stylish other activities includes the United States that the Board determines are incidental to their worldwide or foreign shop.