Foreign Bank Activities in the United States and U.S. Bank Activities Overseas

This document discusses an upcoming GAO review of foreign bank activities in the United States and U.S. bank activities overseas, broken down into two reports. The needs of the congressional Subcommittee will be served by the following: one report on selected aspects of the request in August 1979 and a comprehensive report in February 1980. Information covered in the first report will include trend analysis of foreign banking activity in this country and foreign investment monitoring. Information covered in the second report will include a review of recent and current applications for foreign purchases of U.S. financial institutions, a review of bank examinations reports and examination procedures for foreign-owned or controlled banks and branches and savings and loans in the U.S., as well as a review of any supervisory actions taken to obtain corrective action by foreign-owned or controlled banks and savings and loans.