DEFINITION of 'International Banking Facility - IBF'. A facility that allows depository institutions in the United States to offer deposit and loan services to foreign residents and institutions, while being exempted from reserve requirements imposed by the Federal Reserve and some state and local income taxes.
Top 10 unbelievable historical concurrencies. A populist is a person who subscribes to the political philosophy of populism, which is in favor of supporting the rights of the masses and giving power to the people in the struggle against the privileged upper class.op 10 unbelievable historical concurrencies. A populist is a person who subscribes to the political philosophy of populism, which is in favor of supporting the rights of the masses and giving power to the people in the struggle against the privileged upper class.
The People's Party, also known as the Populist Party or the Populists, was a short-lived agrarian-populist political party in the United States that most historians agree was on the left-wing of American politics. People's Party grew out of a large mood of agrarian unrest in response to low agricultural prices in the South and the trans-Mississippi West, as well as thought that the Eastern Elites were taking advantage of the farmers by charging higher rates on loans and trains.