...or acquire an operating subsidiary to conduct, or may conduct in an existing operating subsidiary, activities that are part of or incidental to the business of banking, as determined by the Comptroller of the Currency, pursuant to 12 USC 24(Seventh), and 12 CFR Ch. i...

...single-issuer limitations shall not apply if the issuer is a partnership or joint venture engaged exclusively in activities that are part of or incidental to the business of the institution. The new diversification provision applicable to investments in real estate applies...

...engage in activities related to mutual funds derives from the National Bank Act's grant of authority to engage in activities that are part of or incidental to the business of banking1, and from national banks' express powers to provide fiduciary and custodial services and to...

...§24(Seventh) to authorize national banks to engage in activities, including insurance and insurance-related activities, that are part of or incidental to the business of banking. Decisions in two circuits — the District of Columbia and Eighth Circuits — support the OCC's interpretation....

...fall adopted its Part 5 operating subsidiary rules, which will permit subsidiaries of national banks to engage in activities that are "part of or incidental to the business of banking," but not permissible for the parent bank to engage in directly. Although the OCC has not yet approved such...

...fall adopted its Part 5 operating subsidiary rules, which will permit subsidiaries of national banks to engage in activities that are "part of or incidental to the business of banking," but not permissible for the parent bank to engage in directly. Although the OCC has not yet approved such...

...5,000 people under 12 USC §92. In addition, under 12 USC §24( Seventh), national banks are authorized to engage in activities that are part of or incidental to the business of banking, which includes selling credit-related insurance and annuities. There are good public policy reasons...

...business needs. It establishes a process by which banks could seek to conduct in operating subsidiaries activities that are part of or incidental to the business of banking but that are not permissible for banks themselves to conduct directly. The process also provides for the imposition...

...consumers and underserved communities, the OCC recently amended its rules at 12 CFR Part 5 to put in place a process for national banks to seek approval to engage in activities that are pan of or incidental to the business of banking but that are different from those the bank may engage...

...regulation, which details the process by which banks can apply to engage, through operating subsidiaries, in activities that are part of or incidental to the business of banking. Insurance It is important to recognize that national banks' authority to sell insurance is longstanding....