A bill to allow United States banks which establish international banking facilities to compete on equal terms with foreign banks establishing such facilities, thereby enhancing the position of the United States in the international financing markets.

[AI summary unavailable — showing source text] Amends the Federal Deposit Insurance Act to declare that any international banking facility deposit, including an international banking facility time deposit, shall not be a deposit for any of the purposes of such Act or be included as part of total deposits of an insured deposit of a bank insured under such Act.…