---
kind: "section"
citation: "12 C.F.R. § 28.4"
title: "12"
number: "28.4"
heading: "Permissible activities."
url: "https://uscodex.org/cfr/12/28.4"
---

# §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](/cfr/12/part211.md).
- (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.

## 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.