(1) The commission shall by rule prescribe the limits of drafts or bills of exchange which an international bank agency or branch may accept relative to the capital accounts of the international banking corporation. These limits shall take into account all transactions which are included and excluded in computing the lending limit for acceptances of a federal agency in the case of an international bank agency, or a federal branch in the case of an international branch, licensed under federal banking law.
(2) The provisions of ss. 658.48 and 658.67, except to the extent they are inconsistent with s. 663.06 or this section, shall apply to the loans and investments made by any international bank agencies or international branches of the international banking corporation; as used in those sections with respect to an international banking corporation and its international bank agencies or international branches, the term “capital accounts” shall refer to the capital accounts of the international banking corporation, and, except when used with reference to “capital accounts,” the term “bank” shall refer to the international bank agencies and international branches of the international banking corporation which are licensed in this state.
(3) Any limitation in this section based on the capital accounts of an international banking corporation shall refer, with respect to an international bank agency or international branch in this state, to the dollar equivalent of the capital accounts of the international banking corporation, as determined by the office. If the international banking corporation has more than one international bank agency or international branch in this state, the business transacted by all such agencies or branches shall be aggregated in determining compliance with a limitation or restriction in this section.
History.—s. 9, ch. 83-129; s. 1, ch. 91-307; ss. 1, 165, ch. 92-303; s. 1825, ch. 2003-261.
Structure Florida Statutes
Title XXXVIII - Banks and Banking
Chapter 663 - International Banking
Part I - International Banking Corporations (Ss. 663.001-663.181)
663.02 - Applicability of the financial institutions codes.
663.021 - Civil action subpoena enforcement.
663.03 - Applicability of the Florida Business Corporation Act.
663.04 - Requirements for carrying on financial institution business.
663.05 - Application for license; approval or disapproval.
663.055 - Capital requirements.
663.06 - Licenses; permissible activities.
663.061 - International bank agencies; permissible activities.
663.062 - International representative offices; permissible activities.
663.063 - International administrative offices.
663.064 - International branches; permissible activities; requirements.
663.065 - State-chartered investment companies; formation; permissible activities; restrictions.
663.07 - Asset maintenance or capital equivalency.
663.08 - Certification of capital accounts.
663.10 - Conversion of license.
663.11 - Termination of international banking corporation’s charter or authority.
663.12 - Fees; assessments; fines.
663.13 - Rules; exemption from statement of estimated regulatory costs requirements.
663.14 - Foreign travel expenses.
663.16 - Definitions; ss. 663.17-663.181.
663.171 - Liquidation; repudiation of contracts.
663.172 - Liability on repudiation or termination of contracts.
663.173 - Qualified financial contract; net obligation and net entitlement.
663.174 - Repudiation; lease, lessee, or lessor; real or personal property.
663.175 - Liquidation; continuation, stay, and injunction.
663.176 - Liquidation; notice of possession.
663.178 - Claims; valuation; priority; listing; filing; objection; endorsement; adverse interest.
663.181 - Manner and time within which taking possession may be tested.