Foreign banks in the United States:

Question

Quizplus · Accepted Answer

Foreign banks in the United States need the approval of the Federal Reserve to operate, as they are subject to regulation under the Bank Holding Company Act of 1956. Additionally, they are subject to federal examination by the Federal Reserve and other regulatory authorities. Option A is incorrect as foreign banks are allowed to operate in the United States with approval. Option C is incorrect as foreign banks are subject to federal examination.

Foreign Banks in the United States