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Extent of Foreign Bank Representation

In: Foreign Banking and Investment in the United States

Author

Listed:
  • Francis A. Lees

Abstract

The expansion of foreign bank operations in the United States has been impressive. Over 150 foreign banks now operate representative offices, agencies, branches and subsidiaries in the United States, representing all major European countries, Canada, Japan and a growing number of less developed countries. At yearend 1974 foreign banks held U.S. assets in excess of $56 billion. The range of operations of foreign banks has broadened in recent years, and now includes lending in the domestic credit markets, retail banking, money market activities, stock market transactions, and securities underwriting.

Suggested Citation

  • Francis A. Lees, 1976. "Extent of Foreign Bank Representation," Palgrave Macmillan Books, in: Foreign Banking and Investment in the United States, chapter 2, pages 9-16, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-02839-9_2
    DOI: 10.1007/978-1-349-02839-9_2
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