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John Ryan
Executive Vice President
Phone: (202) 728-5725
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FBO Agreements
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State Foreign Bank Office (FBO) Agreement
In 1998, state banking departments responsible for foreign bank
supervision signed two agreements with each other and with the federal
banking agencies to develop a coordinated supervisory program for U.S.
offices of foreign banks. The State FBO Agreement and State-Federal FBO
Agreement provide foreign banks operating in more than one state with
the same supervisory efficiencies available to domestic state-chartered
banks.
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State-Federal
Foreign Bank Office (FBO) Agreement
November 20, 1998: State banking departments responsible for foreign
bank supervision signed two agreements with each other and with the
federal banking agencies to develop a coordinated supervisory program
for U.S. offices of foreign banks. The State FBO Agreement and
State-Federal FBO Agreement provide foreign banks operating in more than
one state with the same supervisory efficiencies available to domestic
state-chartered banks.
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December 2, 2009: Superintendent of
Banks, Richard H. Neiman's Remarks at IMF Seminar on Effective
Cross-Border Regulation
Superintendent of Banks, Richard H.
Neiman Addresses the Institute of International
Bankers, click
here.
List of Foreign Banking
Organizations in the U.S., click here.
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