12 CFR § 24.3 - Public welfare investments.

---
identifier: "/us/cfr/t12/s24.3"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 24.3 - Public welfare investments."
title_number: 12
title_name: "Banks and Banking"
section_number: "24.3"
section_name: "Public welfare investments."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "24"
part_name: "COMMUNITY AND ECONOMIC DEVELOPMENT ENTITIES, COMMUNITY DEVELOPMENT PROJECTS, AND OTHER PUBLIC WELFARE INVESTMENTS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 24(Eleventh), 93a, 481, and 1818."
regulatory_source: "61 FR 49660, Sept. 23, 1996, unless otherwise noted."
cfr_part: "24"
---


# 24.3 Public welfare investments.

A national bank or national bank subsidiary may make an investment directly or indirectly under this part if the investment primarily benefits low- and moderate income individuals, low- and moderate income areas, or other areas targeted by a governmental entity for redevelopment, or the investment would receive consideration under § 25.23 of appendix G to 12 CFR part 25 as a “qualified investment.”

[73 FR 46534, Aug. 11, 2008, as amended at 89 FR 22067, Mar. 29, 2024]