An article in the September 1961 Bulletin described the history and development of the overseas and foreign banks in London. This article traces the rapid growth in their business in more recent years. Comprehensive statistics are available only from 1962 when, partly as a result of the Radcliffe Committee's recommendations, the returns provided by certain banks were extended to cover all the overseas and foreign banks with branches in London. Since then, the number of contributors has increased from 82 to 108 and gross deposits have more than trebled. These banks now account for 34% of net deposits with banks in the United Kingdom - compared with 19% in 1962.