Definition of Agency bank

Campbell R. Harvey's Hypertextual Finance Glossary
Agency bank
A form of organization commonly used by foreign banks to enter the U.S. market. An agency bank cannot accept deposits or extend loans in its own name; it acts as agent for the parent bank. It is also the financial institution that issues ADRs to the general market.

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Agency Bank definition was found in categories: Business & Finance(1)  

Agency Bank Definition from Business & Finance Dictionaries & Glossaries

UNODC Money-Laundering Terms
Agency Bank
A foreign bank doing business in the United States as an agent for its parent bank; such banks arrange letters of credit financing on behalf of the parent but do not accept deposits or make loans in their own name.