{"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.","action":"Interpretation.","agencies":[{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/1999/11/01/99-28380.html","cfr_references":[{"chapter":null,"citation_url":null,"part":211,"title":12}],"citation":"64 FR 58780","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"November 1, 1999.","disposition_notes":null,"docket_ids":["Regulation K","Docket No. R-1048"],"dockets":[],"document_number":"99-28380","effective_on":"1999-11-01","end_page":58782,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":null,"html_url":"https://www.federalregister.gov/documents/1999/11/01/99-28380/international-banking-operations","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/99-28380?publication_date=1999-11-01","mods_url":"https://www.govinfo.gov/metadata/granule/FR-1999-11-01/99-28380/mods.xml","not_received_for_publication":null,"page_length":3,"page_views":{"count":65,"last_updated":"2026-09-20 18:15:07 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-1999-11-01/pdf/99-28380.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"1999-11-01","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/1999/11/01/99-28380.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2011-09-21T11:49:45Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":58780,"subtype":null,"title":"International Banking Operations","toc_doc":null,"toc_subject":null,"topics":[],"type":"Rule","volume":64}