Title 12

PART 7

Part 7 - Activities And Operations

PART 7 - ACTIVITIES AND OPERATIONS Authority:12 U.S.C. 1 et seq., 25b, 29, 71, 71a, 92, 92a, 93, 93a, 95(b)(1), 371, 371d, 481, 484, 1463, 1464, 1465, 1818, 1828(m) and 5412(b)(2)(B). Link to an amendment published at 85 FR 83726, Dec. 22, 2020. Source:61 FR 4862, Feb. 9, 1996, unless otherwise noted.

12:1.0.1.1.7.1SUBPART A
Subpart A - National Bank and Federal Savings Association Powers
12:1.0.1.1.7.1.24.1SECTION 7.1000
   7.1000 National bank or Federal savings association ownership of property.
12:1.0.1.1.7.1.24.3SECTION 7.1001
   7.1001 National bank acting as general insurance agent.
12:1.0.1.1.7.1.24.4SECTION 7.1002
   7.1002 National bank acting as finder.
12:1.0.1.1.7.1.24.6SECTION 7.1003
   7.1003 Money lent by a national bank at banking offices or at facilities other than banking offices.
12:1.0.1.1.7.1.24.8SECTION 7.1004
   7.1004 Loans originating at facilities other than banking offices of a national bank.
12:1.0.1.1.7.1.24.10SECTION 7.1005
   7.1005 Credit decisions at other than banking offices of a national bank.
12:1.0.1.1.7.1.24.11SECTION 7.1006
   7.1006 Loan agreement providing for a national bank share in profits, income, or earnings or for stock warrants.
12:1.0.1.1.7.1.24.12SECTION 7.1007
   7.1007 National Bank Acceptances.
12:1.0.1.1.7.1.24.13SECTION 7.1008
   7.1008 Preparation by a national bank of income tax returns for customers or public.
12:1.0.1.1.7.1.24.14SECTION 7.1009
   7.1009 National bank holding collateral stock as nominee.
12:1.0.1.1.7.1.24.15SECTION 7.1010
   7.1010 Postal service by national bank.
12:1.0.1.1.7.1.24.17SECTION 7.1011
   7.1011 National bank acting as payroll issuer.
12:1.0.1.1.7.1.24.18SECTION 7.1012
   7.1012 Establishment, operation, or use of a messenger service by a national bank.
12:1.0.1.1.7.1.24.19SECTION 7.1014
   7.1014 Sale of money orders at nonbanking outlets by a national bank.
12:1.0.1.1.7.1.24.20SECTION 7.1015
   7.1015 National bank receipt of stock from a small business investment company.
12:1.0.1.1.7.1.24.22SECTION 7.1016
   7.1016 Independent undertakings issued by a national bank to pay against documents.
12:1.0.1.1.7.1.24.24SECTION 7.1017
   7.1017 National bank as guarantor or surety on indemnity bond.
12:1.0.1.1.7.1.24.25SECTION 7.1018
   7.1018 National bank automatic payment plan accounts.
12:1.0.1.1.7.1.24.26SECTION 7.1020
   7.1020 Purchase of open accounts by a national bank.
12:1.0.1.1.7.1.24.27SECTION 7.1021
   7.1021 National bank participation in financial literacy programs.
12:1.0.1.1.7.1.24.29SECTION 7.1022
   7.1022 National banks' authority to buy and sell exchange, coin, and bullion.
12:1.0.1.1.7.1.24.30SECTION 7.1023
   7.1023 Federal savings associations, prohibition on industrial or commercial metal dealing or investing.
12:1.0.1.1.7.1.24.31SECTION 7.1025
   7.1025 xxx
12:1.0.1.1.7.1.24.32SECTION 7.1026
   7.1026 xxx
12:1.0.1.1.7.1.24.33SECTION 7.1027
   7.1027 xxx
12:1.0.1.1.7.1.24.34SECTION 7.1028
   7.1028 xxx
12:1.0.1.1.7.1.24.35SECTION 7.1029
   7.1029 xxx
12:1.0.1.1.7.1.24.36SECTION 7.1030
   7.1030 xxx
12:1.0.1.1.7.1.24.37SECTION 7.1031
   7.1031 National banks and Federal savings associations as lenders.
12:1.0.1.1.7.2SUBPART B
Subpart B - National Bank Corporate Practices
12:1.0.1.1.7.2.24.1SECTION 7.2000
   7.2000 Corporate governance procedures.
12:1.0.1.1.7.2.24.3SECTION 7.2001
   7.2001 xxx
12:1.0.1.1.7.2.24.4SECTION 7.2002
   7.2002 Director or attorney as proxy.
12:1.0.1.1.7.2.24.6SECTION 7.2003
   7.2003 Shareholder meetings; Board of directors meetings.
12:1.0.1.1.7.2.24.8SECTION 7.2004
   7.2004 Honorary directors or advisory boards.
12:1.0.1.1.7.2.24.10SECTION 7.2005
   7.2005 Ownership of stock necessary to qualify as director.
12:1.0.1.1.7.2.24.12SECTION 7.2006
   7.2006 Cumulative voting in election of directors.
12:1.0.1.1.7.2.24.14SECTION 7.2007
   7.2007 Filling vacancies and increasing board of directors other than by shareholder action.
12:1.0.1.1.7.2.24.16SECTION 7.2008
   7.2008 Oath of directors.
12:1.0.1.1.7.2.24.18SECTION 7.2009
   7.2009 Quorum of the board of directors; proxies not permissible.
12:1.0.1.1.7.2.24.20SECTION 7.2010
   7.2010 Directors' responsibilities.
12:1.0.1.1.7.2.24.22SECTION 7.2011
   7.2011 Compensation plans.
12:1.0.1.1.7.2.24.24SECTION 7.2012
   7.2012 President as director; chief executive officer.
12:1.0.1.1.7.2.24.26SECTION 7.2013
   7.2013 Fidelity bonds covering officers and employees.
12:1.0.1.1.7.2.24.28SECTION 7.2014
   7.2014 Indemnification of institution-affiliated parties.
12:1.0.1.1.7.2.24.30SECTION 7.2015
   7.2015 Cashier.
12:1.0.1.1.7.2.24.32SECTION 7.2016
   7.2016 Restricting transfer of stock and record dates.
12:1.0.1.1.7.2.24.34SECTION 7.2017
   7.2017 Facsimile signatures on bank stock certificates.
12:1.0.1.1.7.2.24.35SECTION 7.2018
   7.2018 Lost stock certificates.
12:1.0.1.1.7.2.24.36SECTION 7.2019
   7.2019 Loans secured by a bank's own shares.
12:1.0.1.1.7.2.24.38SECTION 7.2020
   7.2020 Acquisition and holding of shares as treasury stock.
12:1.0.1.1.7.2.24.39SECTION 7.2021
   7.2021 Preemptive rights.
12:1.0.1.1.7.2.24.41SECTION 7.2022
   7.2022 Voting trusts.
12:1.0.1.1.7.2.24.43SECTION 7.2023
   7.2023 Reverse stock splits.
12:1.0.1.1.7.2.24.45SECTION 7.2024
   7.2024 Staggered terms for national bank directors and size of bank board.
12:1.0.1.1.7.2.24.46SECTION 7.2025
   7.2025 xxx
12:1.0.1.1.7.3SUBPART C
Subpart C - Operations
12:1.0.1.1.7.3.24.1SECTION 7.3000
   7.3000 National bank hours and closings.
12:1.0.1.1.7.3.24.3SECTION 7.3001
   7.3001 Sharing national bank or Federal association space and employees.
12:1.0.1.1.7.4SUBPART D
Subpart D - Preemption
12:1.0.1.1.7.4.24.1SECTION 7.4000
   7.4000 Visitorial powers with respect to national banks.
12:1.0.1.1.7.4.24.2SECTION 7.4001
   7.4001 Charging interest by national banks at rates permitted competing institutions; charging interest to corporate borrowers.
12:1.0.1.1.7.4.24.3SECTION 7.4002
   7.4002 National bank charges.
12:1.0.1.1.7.4.24.4SECTION 7.4003
   7.4003 Establishment and operation of a remote service unit by a national bank.
12:1.0.1.1.7.4.24.5SECTION 7.4004
   7.4004 Establishment and operation of a deposit production office by a national bank.
12:1.0.1.1.7.4.24.6SECTION 7.4005
   7.4005 Combination of national bank loan production office, deposit production office, and remote service unit.
12:1.0.1.1.7.4.24.7SECTION 7.4006
   7.4006 [Reserved]
12:1.0.1.1.7.4.24.8SECTION 7.4007
   7.4007 Deposit-taking by national banks.
12:1.0.1.1.7.4.24.9SECTION 7.4008
   7.4008 Lending by national banks.
12:1.0.1.1.7.4.24.10SECTION 7.4009
   7.4009 [Reserved]
12:1.0.1.1.7.4.24.11SECTION 7.4010
   7.4010 Applicability of state law and visitorial powers to Federal savings associations and subsidiaries.
12:1.0.1.1.7.5SUBPART E
Subpart E - National Bank Electronic Activities
12:1.0.1.1.7.5.24.1SECTION 7.5000
   7.5000 Scope.
12:1.0.1.1.7.5.24.2SECTION 7.5001
   7.5001 Electronic activities that are part of, or incidental to, the business of banking.
12:1.0.1.1.7.5.24.4SECTION 7.5002
   7.5002 Furnishing of products and services by electronic means and facilities.
12:1.0.1.1.7.5.24.5SECTION 7.5003
   7.5003 Composite authority to engage in electronic activities.
12:1.0.1.1.7.5.24.6SECTION 7.5004
   7.5004 Sale of excess electronic capacity and by-products.
12:1.0.1.1.7.5.24.7SECTION 7.5005
   7.5005 National bank acting as digital certification authority.
12:1.0.1.1.7.5.24.8SECTION 7.5006
   7.5006 Data processing.
12:1.0.1.1.7.5.24.9SECTION 7.5007
   7.5007 Correspondent services.
12:1.0.1.1.7.5.24.10SECTION 7.5008
   7.5008 Location of a national bank conducting electronic activities.
12:1.0.1.1.7.5.24.11SECTION 7.5009
   7.5009 Location under 12 U.S.C. 85 of national banks operating exclusively through the Internet.
12:1.0.1.1.7.5.24.12SECTION 7.5010
   7.5010 Shared electronic space.