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12 U.S.C. § 633

Title 12 Chapter 6 Current through PL 119-73 Last updated: March 29, 2026 View on OLRC →
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§ 633. Potential liability on foreign accounts

  • (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.

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