United States Code · Section
§ 633 — Potential Liability On Foreign Accounts
12 U.S.C. § 633
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(a) A member bank shall not be required to repay any deposit made at a foreign branch of the bank if the branch cannot repay the deposit due to—
(1) an act of war, insurrection, or civil strife; or
(2) an action by a foreign government or instrumentality (whether de jure or de facto) in the country in which the branch is located;
(b) The Board and the Comptroller of the Currency may jointly prescribe such regulations as they deem necessary to implement this section.
Implementing Regulations
No implementing regulations found.