As the House and Senate prepare to reconcile their separate interstate banking bills, foreign banks have reaffirmed their opposition to Senate proposals requiring them to set up a U.S. holding company in order to branch across state lines.

In a letter earlier this month to the chairman of the House Banking Committee, Henry B. Gonzalez, the Institute of International Bankers argued that the Senate bill would discriminate against foreign banks by leaving federal interstate branch banking restrictions on them in force unless they set up a U.S. bank-holding company.

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