Activities of International Banking Facilities: the early experience
Among the steps toward deregulation discussed at the 1982
Conference on Bank Structure and Competition were the 1981
amendments to Regulations D and Q that authorized banking
offices located in the United States to establish International
Banking Facilities. In this article, which is based on a paper she
presented at the conference, Sydney J. Key of the Federal
Reserve Board's Division of International Finance summarizes
the amendments to the Board's regulations and discusses the
activities of International Banking Facilities during their first
few months of operation.