International Banking Facility - определение. Что такое International Banking Facility
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Что (кто) такое International Banking Facility - определение


International Banking Facility         
An IBF is one of four categories of foreign banking in the United States. An IBF may be a domestic bank or an office of a foreign bank. In either circumstance, the IBF maintains asset and liability accounts that are segregated from domestic activity and limited to financing international trade. IBFs are exempted from such requirements as: reserve levels and obligations to make some insurance premiums. In the U.S., eligibility requirements limit IBFs to business with other IBFs and with non-U.S. residents. U.S. banks may structure operations to draw foreign customer deposits and loans to their domestic offices. See: Offshore Banking Unit
Wholesale banking         
OFFERING OF SERVICES BY FINANCIAL INSTITUTIONS TO LARGE INSTITUTIONAL CUSTOMERS
Wholesale Banking; Corporate banking; Wholesale bank; Institutional banking
Wholesale banking is the provision of services by banks to larger customers or organizations such as mortgage brokers, large corporate clients, mid-sized companies, real estate developers and investors, international trade finance businesses, institutional customers (such as pension funds and government entities/agencies), and services offered to other banks or other financial institutions.
History of banking         
  • 1967 letter by the [[Midland Bank]] to a customer, informing on the introduction of [[electronic data processing]]
  • ATMs]] in Sydney. People could only receive $25 at a time and the bank card was sent back to the user at a later date.
  • [[Adhemar de Monteil]] in chain mail carrying the Holy Lance in one of the battles of the [[First Crusade]]
  • Crowd at New York's American Union Bank during a [[bank run]] early in the Great Depression.
  • A 14th century manuscript depicting bankers in an Italian counting house.
  • 2040}} BCE (Ur III)
  • The sealing of the Bank of England Charter (1694).
  • Bishopsgate in the City of London
  • Gold coin produced by the Roman Imperial Mint
  • date=15 July 2010 }}</ref>
  • Coat of arms for the Medici family
  • Berenberg banking dynasty]]
  • The Frankfurt terminus of the Taunus railroad, financed by the Rothschilds. Opened in 1840, it was one of Germany's first railroads.
  • Senator Carter Glass and Rep. Henry B. Steagall (1933)
  • Post Office Savings Account]].
  • The [[Bank of England]], established in 1694.
  • Francis Baring and Company]] of London.
  • 2007 bank run on Northern Rock]], a UK bank
  • Pompeius Occo (1483–1537) came from a northern German family and grew up in Augsburg. In 1511 he settled in Amsterdam as a representative of the Fugger banking house and business firm of Augsburg.
  • Among many other things, the [[Code of Hammurabi]] recorded interest-bearing loans.
  • Sienese]] bankers in Europe in the 13th century.
  • The old town hall in Amsterdam where the [[Bank of Amsterdam]] was founded in 1609, painting by [[Pieter Saenredam]].
  • the Ship of Fools]]); [[woodcut]] attributed to [[Albrecht Dürer]]
  • [[Walter Bagehot]], an influential theorist on the economic role of the central bank.
ASPECT OF HISTORY
History of Banking; Medieval banking; Temple banking; Temple banks; Temple bank; Banking in medieval Europe
The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 BCE in Assyria, India and Sumeria.

Википедия

International Banking Facility

An International Banking Facility (IBF) is a separate account established by a U.S. bank, or a US branch/subsidiary of a foreign bank, or an Edge Act Corporation in the United States to offer services to only non-US residents and institutions. The services offered include deposit and loan services. (Note, an IBF is not necessarily a separate legal entity.)

Banks may maintain IBFs in their existing quarters, but the IBF's accounting must be separate from the bank's main books. Deposit and loan services provided by IBFs are free of Federal Reserve System reserve requirements, and are not insured by the Federal Deposit Insurance Corporation. Thus, deposits may earn greater interest than deposits made by U.S. residents.

The IBF concept was initially proposed to the Federal Reserve Board of Governors by the New York Clearing House association in July 1978. It took until June 18, 1981 until the Board of Governors approved establishment of IBFs from December 3. IBFs were established to attract some of the money flowing out to offshore banking centers.

In the early 1980s, New York competed with other states, such as Florida, to attract IBF business. For instance, New York exempted the income of an IBF from New York bank franchise tax. Florida, in turn, exempted the income of Florida IBFs from Florida corporate income tax and also allowed Florida IBFs to deduct their losses.