---
kind: "section"
citation: "12 C.F.R. § 28.10"
title: "12"
number: "28.10"
heading: "Authority, purpose, and scope."
url: "https://uscodex.org/cfr/12/28.10"
---

# §28.10. Authority, purpose, and scope.

- (a) **Authority.** This subpart is issued pursuant to the authority in the International Banking Act of 1978 (IBA), [12 U.S.C. 3101](/usc/12/3101.md) et seq., and [12 U.S.C. 93a](/usc/12/93a.md).
- (b) **Purpose—Purpose and scope.** This subpart implements the IBA pertaining to the licensing, supervision, and operations of Federal branches and agencies in the United States. For corporate procedures pertaining to Federal branches and agencies, refer to [12 CFR part 5](/cfr/12/part5.md).
- (c) **Scope.** This subpart applies to all Federal branches and agencies of foreign banks. Nothing in the OCC's rules relieves a Federal branch or agency from complying with requirements that are imposed by the FRB under Regulation K ([12 CFR part 211](/cfr/12/part211.md)) or otherwise imposed in accordance with applicable law.

## Notes

### Amendments

[61 FR 19532, May 2, 1996, as amended at 61 FR 60387, Nov. 27, 1996; 68 FR 70699, Dec. 19, 2003]

### 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.

### Amendments

[61 FR 19532, May 2, 1996, as amended at 61 FR 60387, Nov. 27, 1996; 68 FR 70699, Dec. 19, 2003]