Foreign Bank Supervision Enhancement Act of 1991

[AI summary unavailable — showing source text] Foreign Bank Supervision Enhancement Act of 1991 - Amends the International Banking Act of 1978 to prohibit a foreign bank from either establishing a State branch or agency, or acquiring ownership or control of a commercial lending company, without obtaining prior approval of the Federal Reserve Board (the Board). Sets forth approval standards. Empowers the Board to order the termination of foreign banking activities if it finds certain violations or unsound banking practices in the United States. Prescribes enforcement and judicial procedures. Authorizes the Board to recommend to the Comptroller of the Currency (the Comptroller) the termination of a foreign bank's Federal license based upon the same standards as apply to the State branches of a foreign bank. Provides for judicial review of disapproval or termination orders. Provides that, with respect to the granting of Federal licenses for foreign bank operations, the Comptroller shall apply the same approval standards as apply to State licensure of foreign bank activities. Directs the Comptroller to provide the Board with notice and opportunity to comment on any application to establish a Federal branch or agency. Amends the Ban…