A Canadian bank subsidiary in the U.S. is restricted to using only funds borrowed on the wholesale and money markets.

Name: A Canadian bank subsidiary in the U.S. is restricted to using only funds borrowed on the wholesale and money markets.
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Question

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Canadian banks can operate in the U.S. with their own funds or funds from their affiliates, not just limited to borrowed funds from wholesale and money markets. However, banks may choose to use borrowed funds to augment their capital and liquidity positions.

A Canadian Bank Subsidiary in the U