International Banking Facility

An International Banking Facility (IBF) is a branch that a US American bank establishes to offer services to foreign residents and institutions. The services offered include deposit and loan services.Banks may maintain IBFs in their existing quarters, but the IBF's accounting must be separate from the bank's main books. Deposit and loan services provided by IBFs are free of Federal Reserve System reserve requirements.The IBF concept was initially proposed to the Federal Reserve Board of Governors by the New York Clearing House Association in July 1978. It took until June 18, 1981 until the Board of Governors approved establishment of IBFs from December 3.
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International Banking Facility. A branch that an American bank establishes in the United States to do Eurocurrency business.

A set of asset and liability accounts segregated on the books and records of a depository institution.