Examples of Chicago Branch in a sentence
To remain “Well Capitalized” for purposes of FDIC regulations, the Chicago Branch maintains the eligible assets prescribed under 12 C.F.R. 346.20 at 108 percent or more of the last 30 days of the preceding quarter’s average book value of the Chicago Branch’s liabilities, exclusive of liabilities due to the Bank’s head office, other branches, offices, or wholly owned subsidiaries.
The Chicago Branch is an FDIC-insured branch licensed by the IDFPR and is subject to ongoing supervision, examination and regulation by the IDFPR and the FDIC.
The Chicago Branch maintains balances in an account with Federal Reserve Bank of Chicago that is monitored on a daily basis in accordance with Regulation D.
The Chicago Branch has limited exposure to derivative activities, but hedges risk with interest rate swaps that are conducted through Treasury at the New York Branch.
The Chicago Branch does hold assigned capital but is not subject to minimum regulatory capital requirements.
The Chicago Branch is also subject to FDIC regulation set forth at 12 C.F.R. 347.210, which requires the Chicago Branch to maintain on a daily basis eligible assets in an amount not less than 106 percent (at present, 108 percent) of the last 30 days of the preceding quarter’s average book value of the branch’s liabilities, exclusive of liabilities due to the Bank’s head office, other branches, offices, or wholly owned subsidiaries.
As an insured, state-licensed branch, the Chicago Branch is subject to ongoing supervision, examination and regulation by the IDFPR and the FDIC.
The Bank is required to maintain an asset pledge deposit equal to 2 percent of branch’s average non-related liabilities for the last 30 days of the most recent calendar quarter, to ensure that the Chicago Branch maintains a minimum amount of unencumbered assets in the United States that is available in the event of liquidation.
Initial GS Note Holder XXXXXXX XXXXX BANK USA, a New York state-chartered bank By: /s/ Xxxxxx Xxxxxxxx Name: Xxxxxx Xxxxxxxx Title: Authorized Signatory Signature Page to Co-Lender Agreement (Green Acres) Initial BMO Note Holder BANK OF MONTREAL, a Canadian chartered bank acting through its Chicago Branch By: /s/ Xxxxxxx Xxxxxxxxxxx Name: Xxxxxxx Xxxxxxxxxxx Title: Authorized Signatory Signature Page to Co-Lender Agreement (Green Acres) Initial DBRI Note Holder DBR INVESTMENTS CO.
The Chicago Branch is licensed by the Illinois Department of Financial and Professional Regulation (“IDFPR”) and its office is located at 19 South LaSalle Street, Suite 200, Chicago, Illinois 60603.