Banking Insights: International Banking in the Seventh Federal Reserve District
The postwar period has been one of unprecedented growth for the United States in international banking activites. U.S. banks expanded their loans and other claims on foreigners dramatically: the total reached $80.7 billion at the end of 1976 from the U.S.- based offices. In addition, U.S. banks expanded overseas by establishing branches worldwide; at the close of 1976 U.S. banks operated 731 branches in 85 foreign countries with assets totaling $220 billion.
