About: International Banking Act of 1978

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The Creating International Banking Act of 1978 was a legislative act that brought all American branches of foreign banks and agencies under the jurisdiction of US banking regulations. It granted FDIC insurance to these domestic branches, but also required them to hold the same reserves and auditing schedules as US banks.

Attributes	Values
rdf:type	Band
rdfs:label	International Banking Act of 1978 (en)
rdfs:comment	The Creating International Banking Act of 1978 was a legislative act that brought all American branches of foreign banks and agencies under the jurisdiction of US banking regulations. It granted FDIC insurance to these domestic branches, but also required them to hold the same reserves and auditing schedules as US banks. (en)
dcterms:subject	Federal Deposit Insurance Corporation United States federal banking legislation
Wikipage page ID	39618963 (xsd:integer)
Wikipage revision ID	937369619 (xsd:integer)
Link from a Wikipage to another Wikipage	Federal Deposit Insurance Corporation United States federal banking legislation Generally Accepted Accounting Principles (United States) Federal Deposit Insurance Corporation Bank regulation in the United States Bank reserves Reserve requirement
Link from a Wikipage to an external page	https://fraser.stlouisfed.org/title/1041
sameAs	International Banking Act of 1978 International Banking Act of 1978 International Banking Act of 1978
dbp:wikiPageUsesTemplate	dbt:Reflist
has abstract	The Creating International Banking Act of 1978 was a legislative act that brought all American branches of foreign banks and agencies under the jurisdiction of US banking regulations. It granted FDIC insurance to these domestic branches, but also required them to hold the same reserves and auditing schedules as US banks. Prior to this act, foreign banks operating in the US were subject to varying state laws with no uniformity. Thus for the benefit of both US regulators and foreign institutions seeking uniformity and stability, this act was approved. This act required foreign banks to apply for charters and approvals to operate within the United States from the Federal Reserve. Once approved, they next must meet the required reserve ratios with FDIC standards and is subject to US accounting and regulatory standards. This act allows foreign banks to establish branches within the United States that operate lawfully and under the same rules as domestic banks. (en)
gold:hypernym	Act
prov:wasDerivedFrom	wikipedia-en:International_Banking_Act_of_1978?oldid=937369619&ns=0
page length (characters) of wiki page	2309 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:International_Banking_Act_of_1978
is Link from a Wikipage to another Wikipage of	List of United States federal legislation, 1901–2001 Patriot Act, Title III Adlai Stevenson III Economic Growth, Regulatory Relief and Consumer Protection Act Federal Reserve Bank regulation in the United States History of the Federal Reserve System Dodd–Frank Wall Street Reform and Consumer Protection Act Financial CHOICE Act National Information Infrastructure Protection Act Reserve requirement
is acts amended of	Economic Growth, Regulatory Relief and Consumer Protection Act Dodd–Frank Wall Street Reform and Consumer Protection Act
is foaf:primaryTopic of	wikipedia-en:International_Banking_Act_of_1978

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