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Foreign Banking in the United States

  • Francis A. Lees

Abstract

Since 1960 foreign banks have achieved a substantial expansion in their activities and operations in the United States. This has taken place within a world-wide environment of rapid growth in international banking. The purpose of this chapter is to review the growth of foreign banking in this country, to describe the types of operations performed and their effects, and to discuss the regulatory environment as it applies to foreign banks.

Keywords

Foreign Bank International Banking Domestic Bank Fractional Reserve Banking Business 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 3.
    Jack Zwick, Foreign Banking in the United States, Joint Economic Committee, U.S. Congress, 1966, p. 3.Google Scholar
  2. 15.
    Phillips Perera, Development Finance: Institutions, Problems and Prospects Praeger, 1968, p. 131.Google Scholar
  3. 16.
    George N. Sfeir, ‘Banking the Lebanese Way’, The Bankers Magazine, 1965, pp. 28–9.Google Scholar
  4. 17.
    Harold S. Taylor, ‘The Day They Shorted the Intra Bank’, The Bankers Magazine, 1967, pp. 13–15.Google Scholar

Copyright information

© Francis A. Lees 1974

Authors and Affiliations

  • Francis A. Lees
    • 1
  1. 1.Business Research InstituteSt John’s UniversityNew YorkUSA

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