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.

441‑505‑1110
References to Federal Statutes and Regulations 441‑505‑1120
Report of Oregon Deposits 441‑505‑1130
Call Reports 441‑505‑1150
Report of Trust Assets 441‑505‑1160
Trust Company Financial Statements 441‑505‑2000
Regular Meetings of Banking Institution Board of Directors 441‑505‑2005
Conducting Stockholder Meetings Remotely 441‑505‑2010
Dividend Excess of Retained Earnings 441‑505‑2020
Exchange of Real Property for Stock 441‑505‑3010
Insurance Activity Report 441‑505‑3020
Property Acquired for or Used for Place of Business 441‑505‑3030
Appraisal Required 441‑505‑3040
Real Estate Sales Contracts 441‑505‑3046
Contents of Foreclosure Notices 441‑505‑3050
Guidelines for Exceeding Restrictions on Ownership of Real and Personal Property Used in Business 441‑505‑3070
Combining Loans to Separate Borrowers 441‑505‑3075
Existence of a Direct Benefit 441‑505‑3080
Existence of a Common Enterprise 441‑505‑3085
Lending Limit Rules for Loans to Partnerships 441‑505‑3090
Interest Rate Swap Transactions 441‑505‑4010
Exemption for Banking Institutions 441‑505‑4020
Exemption for Out of State Trust Company 441‑505‑4030
Trust Company Exemption 441‑505‑6010
Deposits Required by Extranational Institutions

Last Updated

Jun. 8, 2021

Rule 441-505-6010’s source at or.us

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Location: https://oregon.public.law/rules/oar_441-505-6010

Original Source: Rule 441-505-6010 — Deposits Required by Extranational Institutions, https://secure.sos.state.or.us/oard/view.action?ruleNumber=441-505-6010 (last accessed Jun. 8, 2021).