GroundRules
12 CFR 28.4: Permissible activities.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
- PART 28—INTERNATIONAL BANKING ACTIVITIES
- Subpart A—Foreign Operations of National Banks
(a) General. Subject to the applicable approval process, if any, a national bank may engage in any activity in a foreign country that is:
(1) Permissible for a national bank in the United States; and
(2) Usual in connection with the business of banking in the country where it transacts business.
(b) Additional activities. In addition to its general banking powers, a national bank may engage in any activity in a foreign country that is permissible under the FRB's Regulation K, 12 CFR part 211.
(c) Foreign operations guarantees. A national bank may guarantee the deposits and other liabilities of its Edge corporations and Agreement corporations and of its corporate instrumentalities in foreign countries.
Collected 2026-08-27T02:24:16Z. Source file · JSON