Their cash-to-third-party liability ratio from the mid-1980s through the late 1990s generally ranged between 25 percent and 30 percent. The U.S. branches and agencies of foreign banks that borrowed from their parents and lent those funds in the United States (“lending branches”) held roughly 60 percent of all foreign bank branch and agency assets in the United States during the 1980s and ’90s.
Klaus Liebscher: Regulatory challenges for European financial markets Opening address by Dr Klaus Liebscher, Governor of the Austrian National Bank, at the CEPR/ESI Annual Conference: “Regulatory Challenges for European Financial Markets”, Vienna, 20 September 2002.