{"data":{"id":"us/12-cfr-28.4","jurisdiction":"us","citation":"12 CFR 28.4","heading":"Permissible activities.","body":"(a) General. Subject to the applicable approval process, if any, a national bank may engage in any activity in a foreign country that is:\n(1) Permissible for a national bank in the United States; and\n(2) Usual in connection with the business of banking in the country where it transacts business.\n(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.\n(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.","path":["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"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"c6649ae54b44454d59ed43ffdd9a4db342784d14726bdcfa838abb64f55ac50c","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-28.3","next":"us/12-cfr-28.5"},"notice":"GroundRules: Original legal text. Not legal advice."}