United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office General Government Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1996-02-07 monographic deposited born digital 61 p. GA 1.13:GGD-96-26 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-96-26 P0b002ee180390694 f:gg96026 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GGD-96-26 machine generated eng fdlp REPORT GAOREPORTS-GGD-96-26 GGD-96-26 Bank holding companies Banking law Banking regulation Foreign investments in US Lending institutions International economic relations Investments abroad Competition Bank Insurance Fund BIF Other Written Product GGD Pursuant to a congressional request, GAO reviewed the laws and regulations governing foreign banking operations in the United States.<p/>GAO found that: (1) most foreign banks operate in U.S. wholesale banking markets, serve their home country and U.S. corporate customers, and engage in transactions with other financial institutions; (2) by the end of 1994, foreign banks held 17 percent of U.S. domestic banking assets; (3) foreign banks attained 24 percent of all U.S. commercial and industrial loans in December 1994, but they held a negligible share of the U.S. retail banking market during that same period; (4) although foreign banks are subject to the same laws and regulations as U.S. banks, they often receive different enforcement of these laws in their home countries; (5) changes in U.S. banking laws and regulations have diminished the competitive advantages previously enjoyed by foreign banks; and (6) national treatment of foreign banks is a concern for both U.S. and foreign bankers, since proposed legislation would expand the powers of bank holding companies and have a differential impact on U.S. and foreign banking operations. https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-96-26/html/GAOREPORTS-GGD-96-26.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-96-26/pdf/GAOREPORTS-GGD-96-26.pdf GAO/GGD-96-26 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-96-26 Other Written Product GAO/GGD-96-26; Foreign Banks: Assessing Their Role in the U.S. Banking System; Bank holding companies Banking law Banking regulation Foreign investments in US Lending institutions International economic relations Investments abroad Competition Bank Insurance Fund BIF