12 CFR § 28.50 - Authority, purpose, and scope.
---
identifier: "/us/cfr/t12/s28.50"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 28.50 - Authority, purpose, and scope."
title_number: 12
title_name: "Banks and Banking"
section_number: "28.50"
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"
---
# 28.50 Authority, purpose, and scope.
(a) *Authority.* This subpart is issued pursuant to 12 U.S.C. 1 *et seq.,* 93a, 161, and 1818; and the International Lending Supervision Act of 1983 (Pub. L. 98-181, title IX, 97 Stat. 1153, 12 U.S.C. 3901 *et seq.*).
(b) *Purpose.* This subpart implements the requirements of the International Lending Supervision Act of 1983 (12 U.S.C. 3901 *et seq.*),
(c) *Scope.* This subpart requires national banks to establish reserves against the risks presented in certain international assets and sets forth the accounting for various fees received by the banks when making international loans.
[61 FR 19532, May 2, 1996, as amended at 73 FR 22251, Apr. 24, 2008]