Instead it advocates charging big banks for all deposits, foreign and domestic; premiums now apply only to domestic deposits.

Other major elements of the bill include: *Power for the federal authorities to investigate the source of foreign deposits that may be the proceeds of corruption.

By votes of 25 to 10, the subcommittee members rejected two amendments that would have had the effect of increasing insurance premiums for banks with substantial foreign deposits.

Under the deal, the 12 union members that do not have secrecy laws will share data about the foreign deposits of one another's citizens.

Mr. Fritts said the decision "was made after considering the risk of adverse systematic effects" on foreign deposits of large American banks.

It does not support the extension of insurance to foreign deposits.

The Bank of Canada lists cash on its 2012 third-quarter balance sheet at $4.4 million in currency and foreign deposits.

The appeals court ignored the distinctions that banking policy makes between domestic and foreign deposits, the bank told the Court.

Moreover, it noted that it had lost only 4.5 percent of the entire bank holding company's deposits and that half of those losses were foreign deposits.

Tiny Liechtenstein is like Switzerland, outside the union and heavily dependent on foreign deposits in its banks.