Ohio Code § 1119.16

§ 1119.16.

(A)(1) Except as provided in division (A)(2) of this section, each foreign bank licensed

to operate a representative office, agency, or branch in this state shall do all of

the following: (a) Maintain in this state all of each licensed representative office's, agency's, or

branch's records. (b) Segregate each licensed representative office's, agency's, or branch's records from

all of the foreign bank's and its affiliates' other records; (c) Maintain each licensed representative office's, agency's, or branch's assets separate

and apart from the foreign bank's other assets. (2) A foreign bank that operates more than one licensed representative office, agency,

or branch in this state may, as permitted by the superintendent of financial institutions,

do both of the following: (a) Combine the records of those licensed representative offices, agencies, and branches

and maintain the records at one location in this state; (b) Collectively maintain the assets of those licensed representative offices, agencies,

and branches. (B) All deposits of money, or its equivalent, in any agency or branch licensed under

this chapter shall be entered on the agency's or branch's books in terms of money

of the United States. (C) The superintendent may prescribe the manner and form of keeping the books and records

of representative offices, agencies, and branches licensed under this chapter. (D) The superintendent may retain, at the expense of the foreign bank, any advisors necessary

to assist in the review or examination of the records and affairs of any representative

office, agency, or branch of a foreign bank licensed under this chapter.