A bill to allow United States banks which establish international banking facilities to compete on equal terms with foreign banks establishing such facilities, thereby enhancing the position of the United States in the international financing markets.

openUnited States· United States Congress· EN

Introduced

22 July 1981

Last action

—

Status

Committee on Banking received executive comment from Federal Deposit Insurance Corporation. Favorable.

Summary

Amends the Federal Deposit Insurance Act to declare that any international banking facility deposit, including an international banking facility time deposit, shall not be a deposit for any of the purposes of such Act or be included as part of total deposits of an insured deposit of a bank insured under such Act.

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Documents

1 official file

Introduced in Senate
summary · EN · 22 July 1981
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/senate-bill/1508
Open data entity: https://api.congress.gov/v3/bill/97/s/1508