StacksVerified U.S. regulatory reference

12 CFR §7.1007

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
A national bank is not limited in the character of acceptances it may make in financing credit transactions. Bankers' acceptances may be used for such purpose, since the making of acceptances is an essential part of banking authorized by 12 U.S.C. 24.