§ 28.10. Authority, purpose, and scope.

138 words·~1 min read·/us/cfr/t12/s§ 28.10·

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(a)Authority. This subpart is issued pursuant to the authority in the International Banking Act of 1978 (IBA), 12 U.S.C. 3101 et seq., and 12 U.S.C. 93a.

(b)Purpose—Purpose and scope. This subpart implements the IBA pertaining to the licensing, supervision, and operations of Federal branches and agencies in the United States. For corporate procedures pertaining to Federal branches and agencies, refer to 12 CFR part 5.

(c)Scope. This subpart applies to all Federal branches and agencies of foreign banks. Nothing in the OCC's rules relieves a Federal branch or agency from complying with requirements that are imposed by the FRB under Regulation K (12 CFR part 211) or otherwise imposed in accordance with applicable law. [61 FR 19532, May 2, 1996, as amended at 61 FR 60387, Nov. 27, 1996; 68 FR 70699, Dec. 19, 2003]

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CFR

§ 5.36
Other equity investments by a national bank.

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U.S. Code

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12 CFR 5
12 CFR 211

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§ 28.10

Authority, purpose, and scope.

Fed. Reg.×4

C.F.R.×1

U.S.C.§ 3101

U.S.C.§ 93a

Cite12 CFR 5

Cite12 CFR 211

Cites 4Cited by 5 across 2 sources