International Banking Act

[AI summary unavailable — showing source text] International Banking Act - Title I: International Banking - Allows a foreign bank to establish and operate a Federal branch in any State in which it is not prohibited for a foreign bank to establish a branch, upon receipt of certification of authority from the Comptroller of the Currency. Allows the Comptroller to permit one-third of the directors of a national bank to be non-citizens of the United States. Directs the Comptroller to consider the views of the Secretary of State, the Secretary of the Treasury, the Board of Governors of the Federal Reserve System, and the bank supervisory authority of the State where the branch is to be located in deciding whether to issue certificates of authority to foreign banks to operate under this Act. Prohibits the Comptroller from issuing such certificates if the establishment of the branch would adversely affect the domestic or foreign commerce, or otherwise would not be in the interests of the United States. Allows a foreign bank to convert any branch operated pursuant to State law into a federally-certified branch to be operated under this Act. Terminates the authority to operate a Federal branch when (1) the parent bank voluntarily relinq…