Wisconsin Administrative Code (Last Updated: January 10, 2017) |
Agency DFI. Department of Financial Institutions |
Chapters DFI-Bkg1-78. Department of Financial Institutions-Banking |
Chapter DFI-Bkg3. Parity With National Banks |
Section 3.01. Bank-owned banks, lending and depository authority.
Latest version.
- (1) A bank-owned bank organized under s. 221.1202 , Stats., may provide banking and bank related services to or for all of the following:(a) Subsidiaries or organizations owned by depository institutions;(b) Directors, officers or employees of depository institutions, including any subsidiary or organization owned by a depository institution;(c) Depository institution trade associations; and(d) Depository institutions or their holding companies.(2) A bank-owned bank organized under s. 221.1202 , Stats., may provide correspondent banking services at the request of other depository institutions or their holding companies.
History:
Cr.
Register, September, 1982, No. 321
, eff. 10-1-82
;
am. (intro.), (2) and (3), cr. (4),
Register, February, 1994, No. 458
, eff. 3-1-94; renum. 3.01 to be (1) and am. (1) (intro.) and (d), cr. (2),
Register, March, 1996, No. 483
, eff. 4-1-96; corrections in (1) (intro.) and (2) made under s. 13.93 (2m) (b) 7., Stats.,
Register October 2001 No. 550
.