28.4—Permissible activities.
(a) General.
Subject to the applicable approval process, if any, a national bank may engage in any activity in a foreign country that is:
(b) Additional activities.
In addition to its general banking powers, a national bank may engage in any activity in a foreign country that is permissible under the FRB's Regulation K, 12 CFR part 211.
(c) Foreign operations guarantees.
A national bank may guarantee the deposits and other liabilities of its Edge corporations and Agreement corporations and of its corporate instrumentalities in foreign countries.