1. U.S. Code
  2. title 22
  3. chapter 62
  4. subchapter IV
  5. § 5352

Collapse to view only § 5352. Quadrennial reports on foreign treatment of United States financial institutions

§ 5351. Short title

This subchapter may be cited as the “Financial Reports Act of 1988”.

(Pub. L. 100–418, title III, § 3601, Aug. 23, 1988, 102 Stat. 1387.)

CITE AS: 22 USC 5351

§ 5352. Quadrennial reports on foreign treatment of United States financial institutions

Not less frequently than every 4 years, beginning December 1, 1990

(Pub. L. 100–418, title III, § 3602, Aug. 23, 1988, 102 Stat. 1387.)

CITE AS: 22 USC 5352

§ 5353. Fair trade in financial services
(a) Discussions
When advantageous the President or his designee shall conduct discussions with the governments of countries that are major financial centers, aimed at:
(1) ensuring that United States banking organizations and securities companies have access to foreign markets and receive national treatment in those markets;
(2) reducing or eliminating barriers to, and other distortions of, international trade in financial services;
(3) achieving reasonable comparability in the types of financial services permissible for financial service companies; and
(4) developing uniform supervisory standards for banking organizations and securities companies, including uniform capital standards.
(b) Consultation before discussions
(c) Recommendations
(d) Construction of section
(Pub. L. 100–418, title III, § 3603, Aug. 23, 1988, 102 Stat. 1387.)

CITE AS: 22 USC 5353

§ 5354. Banks loan loss reserves

The Federal Reserve Board shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Banking, Finance and Urban Affairs of the House of Representatives a report on the issues raised by including loan loss reserves as part of banks’ primary capital for regulatory purposes by March 31, 1989. Such report shall include a review of the treatment of loan loss reserves and the composition of primary capital of banks in other major industrialized countries, and shall include an analysis as to whether loan loss reserves should continue to be counted as primary capital for regulatory purposes.

(Pub. L. 100–418, title III, § 3604, Aug. 23, 1988, 102 Stat. 1388.)

CITE AS: 22 USC 5354