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§ 7.1007 National Bank Acceptances.

12 CFR 7.1007

Citation12 CFR 7.1007
CorpusDaily eCFR
Displayed edition2026-09-14
Last updated2026-09-14

§ 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.