1. WITH THE PRIOR SPECIFIC APPROVAL OF THE COMMISSIONER, ACCEPT DEPOSITS, FROM FOREING PERSONS IN CHECKING ACCOUNT AS WELL AS DEPOSIT ACCOUNTS OR TIME DEPOSITS, INCLUDING DEMAND DEPOSITS AND DEPOSITS OF FUNDS BETWEEN BANKS,OR OTHERWISE BORROW FROM OTHER INTERNATIONAL FINANCIAL ENTITIES AND ANY FOREING PERSON AS DEFINED IN THE GENERAL CORPORATION LAW, AND IN REGULATION 5633, AS AUTHORIZED IN ART. 12(a)(1) OF THE ACT; 2. MAKE OR PLACE DEPOSITS IN, AND OTHERWISE GIVE MONEY AS A LOAN, TO THE ECONOMIC DEVELOPMENT BANK OF PUERTO RICO, INCLUDING BANKS ORGANIZED UNDER THE LAWS OF PUERTO RICO. 3. MAKE, PROCURE, PLACE, GUARANTEE, OR PROVIDE SERVICE TO LOANS TO FOREING PERSONS; NONE OF SUCH LOANS MAY BE GRANTED TO A DOMESTIC PERSON, EXCEPT AS PROVIDED IN RELATION TO THE ACTIVITIES DESCRIBED IN CLAUSES (3), (7), (18), (19), (20) AND (21) OF SUBSECTION (a) OF ART. 12 OF THE ACT, AS AUTHORIZED IN ART. 12(a)(4) OF THE ACT.