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TITLE 7 - BANKING AND SECURITIES
PART 1 - FINANCE COMMISSION OF TEXAS
CHAPTER 3 - STATE BANK REGULATION
SUBCHAPTER D - PLEDGE AND MAINTENANCE OF ASSETS BY FOREIGN BANK LICENSED TO MAINTAIN TEXAS STATE BRANCH OR AGENCY
SECTION/RULE §3.57 - Excluded Liabilities
Chapter Review Date 04/22/2022

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 §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.

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

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