By the Division of Banks

Proposed Amendments to 209 CMR 47.00 et seq., Parity with Federal or Out-of-State Banks

209 CMR 47.09(2) is hereby amended by adding at the end thereof the following:

(e) Limitation on Obligations of a Foreign Government or a Political Subdivision Thereof.


  1. The total obligations of a foreign country or a political subdivision thereof to a bank engaged in a global custody business that has no less than five billion dollars of foreign currency denominated deposits shall be limited to 40 percent of capital as defined in M.G.L. c. 167E, § 1.

  2. The total obligations of all foreign governments and political subdivisions thereof to a bank engaged in a global custody business that has no less than five billion dollars of foreign currency denominated deposits shall not be subject to any aggregate limitation.

Recommended Content

People also viewed...

You recently viewed...

Personalization is OFF. Your personal browsing history at Mass.gov is not visible because your personalization is turned off. To view your history, turn your personalization on.

Learn more on our .

*Recommendations are based on site visitor traffic patterns and are not endorsements of that content.