International Banking Facility - IBF

A facility that allows depository institutions in the United States to offer deposit and loan services to foreign residents and institutions, while being exempted from reserve requirements imposed by the Federal Reserve and some state and local income taxes. Because of these exemptions, IBFs enable U.S. banks and U.S.-based financial institutions to compete more effectively for overseas deposits and loans business in the Eurocurrency markets.

While banks are permitted to conduct IBF activities from their existing offices, they are required to maintain separate books for their IBF business. The Federal Reserve Board of Governors approved the establishment of IBFs in the early 1980s. IBF operations remain under the jurisdiction of the Federal Reserve and other state and federal regulators.


Investment dictionary. . 2012.

Look at other dictionaries:

  • International Computers Limited — Former type Private Industry Computer hardware, Computer software Fate Acquired Successor Fujitsu Services Founded 1968 ( …   Wikipedia

  • International Centre for Settlement of Investment Disputes —   ICSID in force   ICSID …   Wikipedia

  • International Institute of Professional Studies (IIPS) — Devi Ahilya University (DAVV), Indore was founded in 1992. The institute is situated in the Takshila Campus of the Devi Ahilya University which is on the Khandwa Road.It is a department of Devi Ahilya Vishwavidyalaya and is recognized… …   Wikipedia

  • International Facility Management Association — Infobox Professional Association Prof association name = International Facility Management Association Prof association Professional title = founded date = October 1980 founder = location = Houston, Texas, USA origins = key people = area served …   Wikipedia

  • International Monetary Fund — an international organization that promotes the stabilization of the world s currencies and maintains a monetary pool from which member nations can draw in order to correct a deficit in their balance of payments: a specialized agency of the… …   Universalium

  • international relations — a branch of political science dealing with the relations between nations. [1970 75] * * * Study of the relations of states with each other and with international organizations and certain subnational entities (e.g., bureaucracies and political… …   Universalium

  • International status and usage of the euro — Worldwide use of the euro and US$:   Eurozone …   Wikipedia

  • International aid to combatants in the Iran–Iraq War — During the Iran–Iraq War, both Iran and Iraq received large quantities of weapons and other material useful to the development of armaments and weapons of mass destruction. Iran Military armaments/technology During the early years of the war,… …   Wikipedia

  • International Islamic University, Islamabad — Infobox University name = International Islamic University, Islamabad established = 1980 chancellor = Asif Ali Zardari President, Islamic Republic of Pakistan Pro Chancellor = Dr. Muhammad Bin Sa ad Al Salim rector = Dr. Manzoor Ahmad president …   Wikipedia

  • Bank of Credit and Commerce International — Infobox Defunct company company name = Bank of Credit and Commerce International company slogan = company type = fate = Liquidation Predecessor = successor = foundation = flagicon|UK London in 1972 defunct = 1991 location = flagicon|UK London… …   Wikipedia

  • New York State Banking Department — Past NY Banking Superintendents Superintendent Appointment Date Daniel B. St. John April 15, 1851 Marius Schoonmaker April 4, 1854 James M. Cook January 30, 1856 Henry H. Van Dyck April 16, 1861 Edward Hand (banking) August 9, 1865 Emerson W. K …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.