Foreign Banking Organizations
The increasing globalization of financial markets has made its impact on the U.S. The numbers leave no doubt that foreign banks are an increasingly important part of the nation’s banking system. Total assets held by foreign banks in the U.S. have risen steadily from $52.4 billion in 1975 to $1,260.3 billion by mid-2000. This means that the share of assets held by foreign banking organizations more than tripled (from 5.3% to 18.8%) over that period.
Suggested citation: "Foreign Banking Organizations," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-12, pp. 17, 12.01.2000.