State Bank Parity

What it does

The FDIC is proposing amendments to its regulations to recognize parity between out-of-State State banks and national banks concerning the application of host State laws when State banks provide services outside of their chartering State. Under the proposed rule, when host State laws do not apply to a national bank, those laws would similarly not apply to an out-of-State State bank providing services in the host State with or without a branch. Specifically, the amendments would provide that, for purposes of section 24(j) of the Federal Deposit Insurance Act, the laws of a host State apply to any branch in the host State of, or any services provided in the host State by, an out-of-State State bank to the same extent such State laws apply to a branch in the host State of, or any services provided in the host State by, an out-of-State national bank.

The Federal Deposit Insurance Corporation's summary, as published in the Federal Register.

What it would change

1 part of Title 12 of the Code of Federal Regulations:

12 CFR 331

Before this

No earlier Federal Register document under regulation identifier 3064-AG34 since Jan. 1, 2025.

What happens next and when

Comments must be received no later than November 23, 2026.

The agency's dates, word for word.

Check it yourself

• The document in the Federal Register
• Title 12 on eCFR

The record as published

Source: the Federal Register (public domain). The document in the Federal Register