§ 28.4. Permissible activities.
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/us/cfr/t12/s§ 28.4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.
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- 12 CFR 211
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§ 28.4
Permissible activities.
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Cite12 CFR 211
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