International Banking Facility - IBF
- 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.
Academic.
2012.
Look at other dictionaries:
International Banking Facility — An International Banking Facility (IBF) is a banking entity that any US bank, or a US branch/subsidiary of a foreign bank, or an Edge Act Corporation establishes in the United States to offer services to only non US residents and institutions.… … Wikipedia
international banking facility — IBF A banking facility in the USA that is authorized by the Federal Reserve System to participate in eurocurrency lending. Such facilities are exempt from reserve requirement and may have many other advantages usually associated with offshore… … Accounting dictionary
international banking facility — IBF A banking facility in the USA that is authorized by the Federal Reserve System to participate in eurocurrency lending. Such facilities are exempt from reserve requirement and may have many other advantages usually associated with offshore… … Big dictionary of business and management
International Banking Facility — ( IBF) A branch that an American bank establishes in the United States to do Eurocurrency business. Bloomberg Financial Dictionary … Financial and business terms
IBF (disambiguation) — IBF may refer to:*International Boxing Federation (IBF) is one of several boxing organisations *International Banking Facility (IBF) is a legal entity of a US bank *International Baseball Federation (IBAF), an international governing body for… … Wikipedia
IBF — son unas siglas que pueden referirse a diferentes organizaciones: Federación Mundial de Bádminton: se trata de la anteriormente denominada Federación Internacional de Bádminton, que organiza los eventos de este deporte a nivel mundial. Federación … Wikipedia Español
IBF — ( International Banking Facility) A branch that an American bank establishes in the United States to do Eurocurrency business. Bloomberg Financial Dictionary … Financial and business terms
IBF — international banking facility … Accounting dictionary
IBF — Abbreviation for international banking facility … Big dictionary of business and management
МЕЖДУНАРОДНАЯ БАНКОВСКАЯ ЗОНА — (англ. international banking area) – разновидность банковской офшорной зоны, обособленной географически или экстерриториально. В М.б.з. банковские операции проводятся на особых условиях по сравнению с операциями на нац. рынке ссудных капиталов.… … Финансово-кредитный энциклопедический словарь
