Edge Corporation Branching, Foreign Bank Takeovers, and International Banking Facilities: Hearings Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-sixth Congress, First Session ... July 16 and 20, 1979U.S. Government Printing Office, 1979 - 655 pages |
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Page 1
... banking issues that have major consequences for our domestic banking system . In 1978 , Congress passed the International Banking Act . The IBA is landmark legislation . For the first time , foreign banks operating in the United States ...
... banking issues that have major consequences for our domestic banking system . In 1978 , Congress passed the International Banking Act . The IBA is landmark legislation . For the first time , foreign banks operating in the United States ...
Page 2
... bank- ing facilities in New York on which the Fed has taken comments . Would IBF's complicate monetary policy ? Would substantial jobs and Eurodollar banking be moved from London to New York ? How should domestic banks outside New York ...
... bank- ing facilities in New York on which the Fed has taken comments . Would IBF's complicate monetary policy ? Would substantial jobs and Eurodollar banking be moved from London to New York ? How should domestic banks outside New York ...
Page 6
... banking to this limited group of customers would make them more effective competitors vis - a - vis foreign banks , as well as domestic banks . The primary problem associated with this approach was how to insure that the business was ...
... banking to this limited group of customers would make them more effective competitors vis - a - vis foreign banks , as well as domestic banks . The primary problem associated with this approach was how to insure that the business was ...
Page 7
... banks accords with U.S. policy on foreign investment generally . We be ... domestic companies . This principle of national treatment is em- bodied in ... banks by foreign parties . However , foreigners still own only a tiny fraction of ...
... banks accords with U.S. policy on foreign investment generally . We be ... domestic companies . This principle of national treatment is em- bodied in ... banks by foreign parties . However , foreigners still own only a tiny fraction of ...
Page 9
... Banking, Housing, and Urban Affairs. the services of the bank being acquired and generally expects some showing of improved services . Further , foreign owned banks - like domestic banks - are subject to the Community Reinvestment Act ...
... Banking, Housing, and Urban Affairs. the services of the bank being acquired and generally expects some showing of improved services . Further , foreign owned banks - like domestic banks - are subject to the Community Reinvestment Act ...
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Common terms and phrases
acquired American banks application approval assets authority BAFT Bank Board Bank Holding Company bankers Banking Department banking institutions banking organizations banking services banking structure banks operating believe billion Board of Governors branch banking capital CHAIRMAN commercial banks Committee compete competitive concerned Congress deposits domestic banks domestic branching Douglas Amendment Edge Act Corporations Edge Corporations effect establish Eurodollar export Federal Reserve Act Federal Reserve Board Federal Reserve System financial institutions foreign acquisitions foreign branches foreign investments funds Holding Company Act HSBC IBF proposal IBF's interest International Banking Act international banking facilities investor issues laws legislation limitations major Marine Midland McFadden Act member banks ment MMBI monetary policy National Bank ownership percent proposed Section qualified customer question regional and smaller regional banks reserve requirements restrictions Senator HEINZ shares significant smaller banks subsidiaries takeovers tions trade transactions U.S. banks United upstate WALLICH York City