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Working Paper
U.S. offices of foreign banks: the recent experience
Journal Article
Eurodollars and Eurocurrencies
Working Paper
The U.S. activities of foreign banks: an analytic survey
Journal Article
The role of banks in the international financial system
Working Paper
International banking facilities
The Federal Reserve Board permitted banking offices located in the United States to establish International Banking Facilities (IBFs) beginning in December 1981. The purpose was to allow these banking offices to conduct a deposit and loan business with foreign residents, including foreign banks, without being subject to reserve requirements or to the interest rate ceilings then in effect. IBFs are also exempt from the insurance coverage and assessments imposed by the Federal Deposit Insurance Corporation. In addition, a number of states have encouraged banking institutions to establish IBFs ...
Conference Paper
The role of foreign banks in domestic banking markets
Working Paper
U.S. banks' lending to developing countries : a longer-term view
There was very little net new lending by U.S. banks to developing countries in 1983-84, following the heavy lending of preceding years. When non-spontaneous lending to Brazil, Mexico and some other Latin American countries is deducted, there was an absolute decline in U.S. banks' claims on these countries. However, estimates of net new lending based on charges in outstanding claims understate the amount of net new lending to these countries in 1983-84 by an amount on the order of $3-1/2 billion. This is because outstanding claims were reduced by a number of factors other than repayments; such ...