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.