12 CFR § 28.4 - Permissible activities.

---
identifier: "/us/cfr/t12/s28.4"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 28.4 - Permissible activities."
title_number: 12
title_name: "Banks and Banking"
section_number: "28.4"
section_name: "Permissible activities."
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"
---


# 28.4 Permissible activities.

(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.