Which banks cannot accept foreign deposits?

Question

Quizplus · Accepted Answer

Domestic banks located in the U.S. are subject to regulation by the Federal Reserve and can accept foreign deposits, as long as the account holder meets certain requirements. Edge Act banks located in the U.S. are specifically authorized to engage in international banking and can also accept foreign deposits. Subsidiary banks located overseas and foreign branches located overseas can also accept foreign deposits, as they are not subject to U.S. banking regulations.

Which Banks Cannot Accept Foreign Deposits