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The Rôle of Edge Act Corporations in Transnational Financing

Published online by Cambridge University Press:  28 March 2017

Carroll R. Wetzel
Carroll R. Wetzel*
Affiliation:
Pennsylvania Bar
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Abstract

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Type
Panel: The United Nations System and Financing Transnational Investment
Information
American Journal of International Law , Volume 64 , Issue 4: Proceedings of the American Society of International Law at its Sixty-Fourth Annual Meeting held at New York, N.Y. April 24-26, 1970 , September 1970 , pp. 91 - 94
Copyright
Copyright © American Society of International Law 1970

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References

1 An exact delineation of the rôles of national banks and of State banks is not possible in this short paper. The powers of national banks and of State banks that are members of the Federal Reserve System are enough alike today to permit a disregard of the distinctions for present purposes.

2 This figure is based on an estimate that a maximum of one third of known loans and acceptances of $820 million represents medium to long-term financing.

3 Of the $24 billion of deposits in foreign branches, $14 billion has been brought home to help hard-pressed head offices. One third of the balance may be in medium to long term-loans and, in addition, the total of such loans from home offices is about $1.5 billion.