Section 202-F. Restrictions on loans, purchases of securities and total liabilities of any one person to New York branch or agency of foreign bank

Before  opening  a  branch  or agency in this state, and annually  thereafter so long as a branch or agency is maintained in this state,  a
  foreign  banking  corporation,  licensed pursuant to article two of this
  chapter, shall certify to the superintendent the amount of  its  paid-in
  capital  stock,  its  surplus  fund  and  its  undivided  profits,  each
  expressed in the currency of  the  country  of  its  incorporation,  the
  dollar  equivalent of which amount, as determined by the superintendent,
  shall be deemed to be the amount of its capital stock, surplus fund  and
  undivided  profits.    Loans, purchases and discounts of notes, bills of
  exchange, bonds, debentures and other  obligations,  and  extensions  of
  credit  and  acceptances  by  a  branch  or  agency of a foreign banking
  corporation within this state shall be subject to the  same  limitations
  as  to  amount in relation to capital stock, surplus fund, and undivided
  profits as are applicable to  banks  and  trust  companies  pursuant  to
  article  three  of  this chapter, provided, however, that with the prior
  approval of the superintendent of banks, the capital notes  and  capital
  debentures of such foreign banking corporation may be treated as capital
  stock in computing such limitations.