12 CFR § 211.1 - Authority, purpose, and scope.
---
identifier: "/us/cfr/t12/s211.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 211.1 - Authority, purpose, and scope."
title_number: 12
title_name: "Banks and Banking"
section_number: "211.1"
section_name: "Authority, purpose, and scope."
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "A"
subchapter_name: "BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM"
part_number: "211"
part_name: "INTERNATIONAL BANKING OPERATIONS (REGULATION K)"
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. 221 1818, 1835a, 1841 3101 3901 and 5101 15 U.S.C. 1681s, 1681w, 6801 and 6805."
cfr_part: "211"
---
# 211.1 Authority, purpose, and scope.
(a) *Authority.* This subpart is issued by the Board of Governors of the Federal Reserve System (Board) under the authority of the Federal Reserve Act (FRA) (12 U.S.C. 221 *et seq.*); the Bank Holding Company Act of 1956 (BHC Act) (12 U.S.C. 1841 *et seq.*); and the International Banking Act of 1978 (IBA) (12 U.S.C. 3101 *et seq.*).
(b) *Purpose.* This subpart sets out rules governing the international and foreign activities of U.S. banking organizations, including procedures for establishing foreign branches and Edge and agreement corporations to engage in international banking, and for investments in foreign organizations.
(c) *Scope.* This subpart applies to:
(1) Member banks with respect to their foreign branches and investments in foreign banks under section 25 of the FRA (12 U.S.C. 601-604a);
<sup>1</sup>
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<sup>1</sup> Section 25 of the FRA (12 U.S.C. 601-604a), which refers to national banking associations, also applies to state member banks of the Federal Reserve System by virtue of section 9 of the FRA (12 U.S.C. 321)
(2) Corporations organized under section 25A of the FRA (12 U.S.C. 611-631) (Edge corporations);
(3) Corporations having an agreement or undertaking with the Board under section 25 of the FRA (12 U.S.C. 601-604a) (agreement corporations); and
(4) Bank holding companies with respect to the exemption from the nonbanking prohibitions of the BHC Act afforded by section 4(c)(13) of that act (12 U.S.C. 1843(c)(13)).