12 CFR § 28.1 - Authority, purpose, and scope.

---
identifier: "/us/cfr/t12/s28.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 28.1 - Authority, purpose, and scope."
title_number: 12
title_name: "Banks and Banking"
section_number: "28.1"
section_name: "Authority, purpose, and scope."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "28"
part_name: "INTERNATIONAL BANKING ACTIVITIES"
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. 1  24(Seventh), 93a, 161, 602, 1818, 3101  and 3901"
regulatory_source: "61 FR 19532, May 2, 1996, unless otherwise noted."
cfr_part: "28"
---


# 28.1 Authority, purpose, and scope.

(a) *Authority.* This subpart is issued pursuant to 12 U.S.C. 1 *et seq.,* 24(Seventh), 93a, and 602.

(b) *Purpose.* This subpart sets forth filing requirements for national banks that engage in international operations and clarifies permissible foreign activities of national banks.

(c) *Scope.* This subpart applies to any national bank that engages in international operations through a foreign branch, or acquires an interest in an Edge corporation, Agreement corporation, foreign bank, or certain other foreign organizations.