BIS Review 11/1998  -5-  International Initiatives - Foreign Banking Organizations Let me now turn more directly to international initiatives which are likely to be of particular interest here tonight given the extent of business you conduct with customers and banks outside the United States.
The Federal Reserve has a keen interest in the readiness of the international community and the special problems facing foreign banks operating branches and agencies in the United States. The Federal Reserve has been involved in active dialogue with bankers and supervisors that have banks in the United States from around the world.