NOTICE: The project that is the subject of this report was approved by the Governing Board of the National Research Council, whose members are drawn from the councils of the National Academy of Sciences, the National Academy of Engineering, and the Institute of Medicine. The members of the committee responsible for the report were chosen for their special competences and with regard for appropriate balance.

This report has been reviewed by a group other than the authors according to procedures approved by a Report Review Committee consisting of members of the National Academy of Sciences, the National Academy of Engineering, and the Institute of Medicine.

This project was supported by funds from the Bureau of Economic Analysis of the U.S. Department of Commerce, the Federal Reserve Board, and the U.S. Department of State.

Library of Congress Cataloging-in-Publication Data

Kester, Anne Y.

Following the money: U.S. finance in the world economy / Anne Y. Kester and Panel on International Capital Transactions, Committee on National Statistics, Commission on Behavioral and Social Sciences and Education, National Research Council.

p. cm.

Includes bibliographical references and index.

1. Financial services industry—United States. 2. Capital movements—Data processing. 3. Automatic data collection systems. I. National Research Council (U.S.). Panel on International Capital Transactions. II. Title.

HG181.K42 1994

332.1'0973—dc20 95-32043

CIP