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Title 12: Banks and Banking
CHAPTER I: COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
PART 28: INTERNATIONAL BANKING ACTIVITIES
Subpart A: Foreign Operations of National Banks
28.3 - Filing requirements for foreign operations of a national bank.
(a) Notice requirement. A national bank shall notify the OCC when it:
(1) Files an application, notice, or report with the FRB to:
(i) Establish or open a foreign branch;
(ii) Acquire or divest of an interest in, or close, an Edge corporation, Agreement corporation, foreign bank, or other foreign organization; or
(2) Opens a foreign branch, and no application or notice is required by the FRB for such transaction.
(b) Other applications and notices accepted. In lieu of a notice under paragraph (a)(1) of this section, the OCC may accept a copy of an application, notice, or report submitted to another Federal agency that covers the proposed action and contains substantially the same information required by the OCC.
(c) Additional information. A national bank shall furnish the OCC with any additional information the OCC may require in connection with the national bank's foreign operations.
[61 FR 19532, May 2, 1996, as amended at 68 FR 70699, Dec. 19, 2003]
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