A bill to amend the International Banking Act of 1978 (Public Law 95-369) to extend the time for foreign banks to obtain required deposit insurance with respect to existing branches in the United States.

[AI summary unavailable — showing source text] Amends the International Banking Act of 1978 to permit foreign bank branches, in operation on the date of enactment of such Act, to continue to accept domestic retail deposits until January 31, 1980, if: (1) such branch has applied for Federal deposit insurance; and (2) such application has not been denied.…