International Financial Security Act of 1987

International Financial Security Act of 1987 - Amends the Export Administration Act to state congressional findings that loans and other transfers of capital to the Soviet Union and its allies increase the ability of those countries to obtain sensitive goods and technology and to more easily divert funds to purposes inimical to U.S. interests. Declares that it is U.S. policy to use export controls to: (1) restrict the export of capital, the extension of credit, or the transfer of financial resources to destinations or persons abroad in order to promote the national security, including antiterrorism, the foreign policy interests of the United States, the advancement of emigration of Soviet Jews and other ethnic minorities, and human rights policies of the Soviet Union and other East Bloc countries; and (2) restrict the export of goods and technology where such export will likely support terrorism against U.S. citizens or benefit terrorists or countries supporting international terrorism.

Authorizes the President to restrict the export or transfer of goods and technology if such export will likely support terrorism against U.S. citizens or benefit terrorists or countries supporting international terrorism.

Provides for negotiations with other countries to obtain their cooperation with such export controls on capital, goods, and technology.

Requires export license applications for the export of capital to be submitted to the Secretary of the Treasury, who shall make all determinations with respect to such application.

Requires the annual report on the administration of the Export Administration Act of 1979 to include a report on actions taken to carry out export controls on capital.

Amends the Federal Deposit Insurance Act to require that any notice of a change in control of an insured bank include the nationality of the person or persons making the acquisition. Sets forth criminal penalties for violation of any change in control requirement.

Requires Federal banking agencies to disapprove any proposed acquisition which would result in the ownership or control of an insured bank by a country subject to national security export controls or a national agency, or instrumentality of any such country.

Requires federally-insured banks to include in reports of condition and reports to shareholders, and make available to the public, information concerning the number and amount of each untied loan made to any controlled country. Requires designated financial institutions to report annually to the appropriate Federal regulatory agency, and make available to the public, information on the number and amount of investments in any East Bloc obligation.