OAR 441-505-6010
Deposits Required by Extranational Institutions


(1)

The deposit required to be posted by extranational institutions under ORS 713.025 (Assets requirement for extranational institutions)(2) shall be:

(a)

Five percent of the total liability of each office in this state to Oregon based depositors, plus all acceptances, but excluding accrued expenses and amounts due to and other liabilities of offices, branches, agencies and subsidiaries of the extranational institution; and

(b)

An additional $2,500,000 for the protection of depositors and the public interest.

(2)

The requirements of subsection (1)(a) shall be adjusted quarterly by the institution with notice to the Director, based on growth or loss of Oregon based deposits for the ending quarter, provided the amount of change is in excess of $25,000.

Source: Rule 441-505-6010 — Deposits Required by Extranational Institutions, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=441-505-6010.

Last Updated

Jun. 8, 2021

Rule 441-505-6010’s source at or​.us