SECTION 3.57. Excluded Liabilities

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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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