Tuesday, May 8, 2012

Bank of America


Bank of America(Bank of America National Trust and Savings Association)
        
largest banking monopoly of the United States and throughout the capitalist world. A. Giannini founded by an Italian in 1904 in San Francisco under the name of the Bank of Italy. The modern name was in 1930 after a merger with a California "Bank of America of California." Has absorbed a number of large and small banks, and penetrated deeply into the industry and agriculture. BA is half commercial, half the savings and mortgage. Actively involved in placing foreign loans from the U.S. banking syndicates. Export-Import Bank of the United States (See Export-Import Bank of the United States), the International Bank for Reconstruction and Development (See International Bank for Reconstruction and Development) (IBRD). In early 1969 the bank had 948 branches in California, 86 branches and 10 representative offices abroad, military, and 48 branches in California and abroad, the largest subsidiary bank, "Bank d'Amerika e d'Italia," with 85 offices in Italy, a subsidiary bank in New York York and participated in the 50 credit institutions in 39 countries. BA secretly controls the largest U.S. bank holding company "answer by Western bankorporeyshen", which owns controlling stakes in 24 banks with 591 branch in 11 western states with contributions of $ 8.3 billion actually controls "Transamerica Corporation," with assets of 3 , $ 3 billion, which owns insurance companies, companies that fund the sale of goods by installments, with 600 offices in the U.S. and Canada, mortgage companies and industries. BA is closely related to the Kaiser companies (automotive, steel and aluminum plants), oil (oil tycoon), the aviation company "Douglas erkraft" newspaper Hurst Trust, a company "California Land" - the largest in the capitalist world agricultural joint-stock company that owns 40 hectares of citrus fruits, etc. The share capital of BA at the beginning of 1969 was $ 214 million and reserves - 883 million total assets - $ 24.2 billion, the balance of deposits rose with $ 5.4 billion in early 1947 to 21.5 billion dollars at the beginning of 1969, accounting and loan - 13.4 billion dollars, the investment - $ 4.9 billion, including 2 5 billion in federal government bonds, 1.9 billion in bonds of local governments and 0.5 billion in other securities.


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