What is seen as a reason for the increased expansion of foreign bank activities in the United States following the passage of the International Banking Act?

Question

Quizplus · Accepted Answer

The International Banking Act provided foreign banks with access to the Federal Reserve's discount window, allowing them to borrow money at lower rates, as well as access to Fedwire, the electronic funds transfer system, and FDIC insurance. These benefits incentivized foreign banks to expand their activities in the United States.

What Is Seen as a Reason for the Increased Expansion