Prior to the International Banking Act of 1978,foreign banks operating with state licenses

Question

Quizplus · Accepted Answer

Prior to the International Banking Act of 1978, foreign banks operating with state licenses were not subject to the Federal Reserve's reserve requirements, were not subject to interstate branching restrictions, and were not subject to restrictions on corporate securities underwriting. Therefore, all of the options are correct.

Prior to the International Banking Act of 1978,foreign Banks Operating