Page:United States Statutes at Large Volume 97.djvu/1310

 97 STAT. 1278 PUBLIC LAW 98-181—NOV. 30, 1983 consultations among finance ministers and the managing director of the Fund on the conditions for improving the international monetary system; and "(7) establishing collection, review, comment, and reporting procedures within the Fund as provided in section 42 of this Ante, p. 1269. Act.". International TITLE IX—INTERNATIONAL LENDING SUPERVISION Lending Super- vision Act of 1983. SHORT TITLE 12 USC 3901 SEC. 901. This title may be cited as the "International Lending note. Supervision Act of 1983". DECLARATION OP POLICY 12 USC 3901. SEC. 902. (a)(1) It is the policy of the Congress to assure that the economic health and stability of the United States and the other nations of the world shall not be adversely affected or threatened in the future by imprudent lending practices or inadequate supervision. (2) This shall be achieved by strengthening the bank regulatory framework to encourage prudent private decisionmaking and by enhancing international coordination among bank regulatory authorities. (b) The Federal banking agencies shall consult with the banking supervisory authorities of other countries to reach understandings aimed at achieving the adoption of effective and consistent supervi- sory policies and practices with respect to international lending. DEFINITIONS 12 USC 3902. SEC. 903. For purposes of this title- CD the term "appropriate Federal banking agency" has the same meaning given such term in section 3(q) of the Federal 12 USC 1813. Deposit Insurance Act, except that for purposes of this title such term means the Board of Governors of the Federal Reserve System for— (A) bank holding companies and any nonbank subsidiary thereof; (B) Edge Act corporations organized under section 25(a) of 12 USC 611-631. the Federal Reserve Act; and (C) Agreement Corporations operating under section 25 of 12 USC the Federal Reserve Act; and 601-604a. (2) the term "banking institution" means— (A)(i) an insured bank as defined in section 3(h) of the 12 USC 1813. Federal Deposit Insurance Act or any subsidiary of an insured bank; (ii) an Edge Act corporation organized under section 25(a) of the Federal Reserve Act; and (iii) an Agreement Corporation operating under section 25 of the Federal Reserve Act; and (B) to the extent determined by the appropriate Federal banking agency, any agency or branch of a foreign bank, and any commercial lending company owned or controlled by one or more foreign banks or companies that control a foreign bank as those terms are deHned in the Interna-

�