(iii) debt arising from the transfer of bonds or direct bonds fully guaranteed, in terms of capital and interest, by the United States or by an agency or its instrumentality, which the edge company or the contractual company is required to repurchase; and Banking Edges expand the geographic reach of their parents because an Edge was not considered a bank and therefore was not subject to the same intergovernmental banking prohibitions. For example, in the 1960s, the trend was for banks outside New York State to make bank edges and move to New York for the management of international banks and foreign exchange. In the 1970s and 1980s, the trend was to expand to regional financial centers such as Miami, Chicago and San Francisco. (2) Borrowings. An edge company or contract may be received by edge or contracting companies, foreign banks and other deposit-taking institutions (as described in Regulation D (12 CFR, Part 204); or b) from other activities. With the prior approval of the Board of Directors, an edge or agreement company may engage, directly or indirectly, in other activities in the United States that, as directed by the Board of Directors, are incidental to its international or foreign activities. (iii) to accept or acquire interests in credit extensions or to acquire bonds arising from transactions that the edge company or contract could have financed, including the acquisition of foreign government bonds; (E) compensation for the purchase or contract company for renewals of credit or service to the customer; (B) includes funds used to pay bonds to the edge or contractual company or security to guarantee these obligations; (G) are obtained by an organization limited by its charter, license or right to enabling transactions of an international nature, including foreign distributors, as in 26 United States. C 922 defined; transport agencies operating exclusively in international or foreign trade in passengers or goods, goods, goods or goods or goods in international or foreign trade; and the export-based commercial enterprises established in Part C of this part. (iv) private placements of investments in their investments and credit extensions; except to the extent permitted for member banks in accordance with Section 5136 of the Review Statutes (12 U.C).