For foreign banks, the spread would have to be only 1.2 points.
How long the foreign central banks will keep on doing this is one of the critical questions for the future.
Foreign banks account for a large and growing share of the American market.
In 1990 the exchange had 59 members, including 13 foreign banks.
Both foreign and domestic banks are included in the program.
He will meet officials of various domestic and foreign banks.
Foreign banks have long been a black hole in the American financial system.
He also won a case on behalf of 11 foreign banks.
But he said all the accounts, except one, were in foreign banks.
That won't do the foreign banks any immediate good, because the countries are in no position to pay them back.