The American Banker's April 23 supplement on foreign banks in the United States made a compelling point: Branches, subsidiaries, and other offices of these institutions are helping to rescue the U.S. economy.

For example, foreign banks, with 1,049 offices in the United States as of mid-1991, accounted for more than $200 billion in commercial and industrial loans. This portfolio rose 5% in the 12 months ended June 30, 1991, while that of domestic banks declined 5.5%.

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