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United States · Law · HR

H.R. 4879 (97th)

An act to clarify the treatment of international banking facility deposits for purposes of deposit insurance assessments and to remove certain limitations on the mortgage loan purchase authority of the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association.

enactedUnited States· United States Congress· EN

Introduced

2 November 1981

Last action

Status

Became Public Law No: 97-110.

Sponsors

Subjects

Discovery layer

Source updated

14 January 2025

Summary

International Banking Facility Deposit Insurance Act - 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, or of an insured deposit, of a bank insured under such Act.

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Documents

5 official files

Public Law (PDF)

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Sources

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