12 CFR 28.4
§ 28.4 Permissible activities.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 28.4, § 28.4 Permissible activities, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43338
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Full text
(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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.