---
kind: "section"
citation: "12 C.F.R. § 7.5003"
title: "12"
number: "7.5003"
heading: "Composite authority to engage in electronic activities."
url: "https://uscodex.org/cfr/12/7.5003"
---

# §7.5003. Composite authority to engage in electronic activities.


Unless otherwise prohibited by Federal law, a national bank may engage in an electronic activity that is comprised of several component activities if each of the component activities is itself part of or incidental to the business of banking or is otherwise permissible under Federal law.


## Notes

### Source

Source: 67 FR 35004, May 17, 2002, unless otherwise noted.

### 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.