---
kind: "section"
citation: "12 C.F.R. § 7.1007"
title: "12"
number: "7.1007"
heading: "National Bank Acceptances."
url: "https://uscodex.org/cfr/12/7.1007"
---

# §7.1007. National Bank Acceptances.


A national bank is not limited in the character of acceptances it may make in financing credit transactions. Bankers' acceptances may be used for such purpose, since the making of acceptances is an essential part of banking authorized by [12 U.S.C. 24](/usc/12/24.md).


## Notes

### Authority

Authority: 12 U.S.C. 1 et seq., 25b, 29, 71, 71a, 92, 92a, 93, 93a, 95(b)(1), 371, 371d, 481, 484, 1462a, 1463, 1464, 1465, 1818, 1828, 3102(b), and 5412(b)(2)(B).

### Source

Source: 61 FR 4862, Feb. 9, 1996, unless otherwise noted.