Foreign Banks/International Banking
1996 Letters
- December 6, 1996
- To Florida Department of Banking and Finance confirming that Board approval is not required under Regulation K (12 CFR 211) for the conversion of a federal agency of a foreign bank to a state agency.
- July 22, 1996
- To Mr. Jonathan Weld concerning the proposed investment by The Bank of Nova Scotia in
Grupo Financiero Inverlat, and whether the Bank would be deemed to control Inverlat under
the BHCA in light of the significant interest in Inverlat held by the Mexican government.
- March 4, 1996
- To Hanil Bank, Seoul, Korea, regarding their intention to issue commercial paper in the U.S.
using a special purpose company ("orphan subsidiary") under BHCA 4(c)(1)(C).