International Debt Recovery Act of 1987

[AI summary unavailable — showing source text] International Debt Recovery Act of 1987 - Amends the International Lending Supervision Act of 1983 to provide that in the establishment of capital adequacy levels for banking institutions, the appropriate Federal banking agencies shall require increased capital for such institutions exposed to country debt that has been classified by bank regulatory agencies in certain high risk categories, subject to specified conditions. Provides that the ultimate collectibility of debt shall be presumed, and increased capital shall not be required, in the case of countries that are demonstrating clear progress toward financial recovery and restored creditworthiness as indicated by specified factors. Provides that for countries not demonstrating such progress toward financial recovery and creditworthiness, the capital adequacy requirements shall be based on an evaluation of risk encompassing such factors as: (1) interruptions in debt servicing; (2) past and projected economic performance; and (3) secondary market valuation of the country's debt. Amends the Bank Holding Company Act of 1956 to exempt from the prohibition on ownership or control by a bank holding company of voting shares of a nonban…