---
kind: "section"
citation: "12 C.F.R. § 7.1028"
title: "12"
number: "7.1028"
heading: "Establishment and operation of a deposit production office by a national bank."
url: "https://uscodex.org/cfr/12/7.1028"
---

# §7.1028. Establishment and operation of a deposit production office by a national bank.

- (a) **In general.** A national bank or its operating subsidiary may engage in deposit production activities at a site other than the main office or a branch of the bank. A national bank or its operating subsidiary may solicit deposits, provide information about deposit products, and assist persons in completing application forms and related documents to open a deposit account at a deposit production office (DPO). A DPO is not a branch within the meaning of 12 U.S.C. [36(j)](/usc/12/36.md?p=j) and [12](/usc/12/12.md) CFR 5.30(d)(1) so long as it does not receive deposits, pay withdrawals, or make loans. All deposit and withdrawal transactions of a bank customer using a DPO must be performed by the customer, either in person at the main office or a branch office of the bank, or by mail, electronic transfer, or a similar method of transfer.
- (b) **Services of other persons.** A national bank may use the services of, and compensate, persons not employed by the bank in its deposit production activities.

## Notes

### Amendments

[85 FR 83732, Dec. 22, 2020]

### 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.

### Amendments

[85 FR 83732, Dec. 22, 2020]