The Foreign Bank Supervision Act of 1991 contains all of the following provisions except:
A) Foreign banks may only accept deposits less than $100,000 if they obtain FDIC insurance
B) Federal Reserve Board approval is necessary to create a branch, agency or representative office in U.S. territory
C) Foreign banks operating in the U.S. must be subject to comprehensive supervision by their home country
D) Foreign banks must not engage in unsound banking practices
E) All of the above are provisions of the 1991 Act
Correct Answer:
Verified
Q57: A group of banks put together in
Q58: The danger of loss associated with changing
Q59: When international investors face the possibility of
Q60: The law passed by the U.S. Congress
Q61: The compact signed by the United States,
Q63: International banks are offering more international services
Q64: Deposits in an International Banking Facility differ
Q65: U.S. multinational banks are permitted to:
A) Underwrite
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Q67: Close to _ of all foreign loans
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