# International Banking Activities
> **OCC** · Final rule. · Published 1998-10-26 · Effective 1999-01-01 · 63 FR 57047
## Document
- **Document number:** 98-28593
- **Category:** banking-occ
- **Sub-agency:** OCC
- **Federal Register citation:** 63 FR 57047
- **CFR reference:** 12 CFR 28
- **Publication date:** 1998-10-26
- **Effective date:** 1999-01-01
- **Treasury docket:** Docket No. 98-16
## Abstract

The Office of the Comptroller of the Currency (OCC) is amending its regulation governing international lending. This amendment removes the lengthy discussion concerning the accounting for fees on international loans and instead states that the accounting for these fees is to conform to generally accepted accounting principles (GAAP). The amendment is intended to simplify the rule and eliminate unnecessary burden.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/10/26/98-28593/international-banking-activities)
---
*AI Analytics · CC0 1.0*