---
kind: "section"
citation: "12 C.F.R. § 28.1"
title: "12"
number: "28.1"
heading: "Authority, purpose, and scope."
url: "https://uscodex.org/cfr/12/28.1"
---

# §28.1. Authority, purpose, and scope.

- (a) **Authority.** This subpart is issued pursuant to [12 U.S.C. 1](/usc/12/1.md) 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.

## Notes

### Authority

Authority: 12 U.S.C. 1 et seq., 24(Seventh), 93a, 161, 602, 1818, 3101 et seq., and 3901 et seq.

### Source

Source: 61 FR 19532, May 2, 1996, unless otherwise noted.