Federal and State Regulation

  • Francis A. Lees


Regulation of foreign banking embraces all of the complexities of overlapping jurisdiction. These problems focus on the operational relationships between firms domiciled in one country, the governments and regulatory agencies of the country of domicile, and the governments and regulatory agencies of the country in which that bank conducts its overseas operations. The U.S. situation is further confounded by a federal system in which state and national governments share regulatory authority and in which a multiplicity of regulatory agencies operate at the national level. Discussion of the regulation of foreign banks operating in the United States is deferred until Chapter 7.


Federal Reserve Foreign Bank Supervisory Authority International Banking Federal Reserve System 
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  1. 7.
    Clyde W. Phelps, The Foreign Expansion of American Banks, Ronald Press, 1927, p. 147.Google Scholar
  2. 8.
    Frederick R. Dahl, ‘International Operations of U.S. Banks: Growth and Public Policy Implications’, Law and Contemporary Problems, Duke University School of Law, Winter 1967, p. 119.Google Scholar

Copyright information

© Francis A. Lees 1974

Authors and Affiliations

  • Francis A. Lees
    • 1
  1. 1.Business Research InstituteSt John’s UniversityNew YorkUSA

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