Activities of International Banking Facilities: the early experience
Last Updated: 10/04/82
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.