Foreign banks directly and indirectly. employed over 300,000 people and spent almost $20 billion dollars a year in the United States last year, according to a survey released by the Institute of International Bankers, a New York-based association that represents foreign banks.

The survey, which highlights the beneficial role of foreign banks in the U.S. economy, said non-U.S. banks serve as key sources of business lending and play an increasingly important role in assuring liquidity in the U.S. financial system.

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