12 CFR 48.8 – Capital requirements
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A national bank offering or entering into retail forex transactions must be well capitalized as defined by 12 CFR part 6.
Terms Used In 12 CFR 48.8
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC