Banking Insights: International Banking in the Seventh Federal Reserve District
Last Updated: 07/27/77
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.