The legislation passed in 1978 that placed domestic and foreign bank agencies under federal banking regulations. The FDIC insures US branches of foreign banks, and these banks are audited and must keep a determined level of non-interest-bearing reserve account balances.
Related information about International Banking Act of 1978:
- 12 U.S.C. 3101 - FDIC
Jun 29, 2012 ... INTERNATIONAL BANKING ACT OF 1978. AN ACT ... SECTION 1 (a) This Act may be cited as the "International Banking Act of 1978". (b) For ...
- International Banking Act of 1978 Definition | Investopedia
Federal banking legislation that put all domestic bank branches and agencies of foreign banks under the control of U.S. banking regulators. The International ...
- Wiki - International Banking Act of 1978
Jul 23, 2010 ... Required deposit insurance for branches of foreign banks engaged in retail deposit taking in the The International Banking Act of 1978 (P.L. ...
- 12 USC § 3101 - Definitions | LII / Legal Information Institute
607, known as the International Banking Act of 1978, which enacted this chapter and sections 347d and 611a of this title, amended sections 72, 378, 614, 615, ...
- a summary of the international banking act of 1978
INTERNATIONAL BANKING ACT OF 1978. John P. Segala. The International Banking Act of 1978 is a land- mark piece of legislation which, for the first time, ...
- International Banking Act of 1978 financial definition of International ...
Legislation in the United States, passed in 1978, that requires American branches of foreign banks to abide by the same regulations as U.S. banks. While this ...
- International Banking Act - The Free Dictionary
... bank governors, legal advisor to the Basel Committee on Banking Supervision, and one of the principal drafters of the US International Banking Act of 1978.
- International Banking Act of 1978: Definition from Answers.com
International Banking Act of 1978 Federal law, enacted by Congress in 1978, placing U.S. Branches and agencies of foreign banks under supervision of U.S..