12 CFR § 28.23 - Procedures for closing of some of a foreign bank's Federal branches and/or agencies.

---
identifier: "/us/cfr/t12/s28.23"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 28.23 - Procedures for closing of some of a foreign bank's Federal branches and/or agencies."
title_number: 12
title_name: "Banks and Banking"
section_number: "28.23"
section_name: "Procedures for closing of some of a foreign bank's Federal branches and/or agencies."
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"
---


# 28.23 Procedures for closing of some of a foreign bank's Federal branches and/or agencies.

In cases where § 28.22 does not apply, and a foreign bank is closing one or more, but not all, of its Federal branches and/or agencies, it shall follow the procedures set forth in 12 U.S.C. 1831r-1(a) and (b) (branch closings).

[68 FR 70700, Dec. 19, 2003]