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Can you summarize 7 TXAC 3.60?
PLEDGE AND MAINTENANCE OF ASSETS BY FOREIGN BANK LICENSED TO MAINTAIN TEXAS STATE BRANCH OR AGENCY > Record of Deposited and Withdrawn Assets
Short Summary
(a) Retention of receipts of statements. A foreign bank must retain for three years from the date of receipt the originals of all receipts or statements obtained from a depository under 3.59 of this title (relating to Deposit Agreement and Conditions). The foreign bank must make such originals available to the department at the time of the examination of such branch or agency. (b) Withdrawal request and certificate. Coincidentally with any withdrawal request authorized pursuant to 3.59 of this title (relating to Deposit Agreement and Conditions), a foreign bank must furnish the banking commissioner a copy of the withdrawal request and the certificate required under 3.59(g) of this title (relating to Deposit Agreement and Conditions). Source Note: The provisions of this 3.60 adopted to be effective November 12, 2003, 28 TexReg 9823
Jurisdiction
Texas