# International Banking Operations
> **US Federal Reserve System** · Interpretation. · Published 1999-11-01 · Effective 1999-11-01 · 64 FR 58780
## Document
- **Document number:** 99-28380
- **Category:** other
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 64 FR 58780
- **CFR reference:** 12 CFR 211
- **Publication date:** 1999-11-01
- **Effective date:** 1999-11-01
- **Docket:** Regulation K
## Abstract

The Board of Governors of the Federal Reserve System has issued an interpretation concerning the scope of the data processing provision of Regulation K. The interpretation clarifies that a banking organization may not engage in a broader range of data processing activities outside the United States under Regulation K than is permissible under Regulation Y, without the Board's approval.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1999/11/01/99-28380/international-banking-operations)
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