Federal law, enacted by Congress in 1978, placing U.S. Branches and agencies of foreign banks under supervision of U.S. Banking regulators. Foreign banks are eligible for federal deposit insurance, are required to maintain noninterest earning reserve account balances and submit to periodic bank examinations, and are subject to the same branching limitations as domestic banks. See alsoEdge Act Corporation; Foreign Branches.
International Banking Act of 1978
| Banking Dictionary: International Banking Act of 1978 |
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 | Foreign Branches (in banking) |
| Edge Act Corporation (in banking) |
| Foreign trade and international banking institutions (SIC 6082) (industry) |
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Mentioned in
- Foreign Branches (in banking)
- Edge Act Corporation (in banking)
- Foreign trade and international banking institutions (SIC 6082) (industry)
- Federal Reserve System (American history)
- Branches and agencies of foreign banks (SIC 6081) (industry)
- Edge Act
- National Information Infrastructure Protection Act
- History of the Federal Reserve System
- USA PATRIOT Act, Title III, Subtitle A
- USA PATRIOT Act, Title III
