The study aimed to find out the contributions of foreign banks to the Philippine economy during the period 1984-1993. The paper used the historical and descriptive approaches. The historical method showed the data that were gathered from various sources. It applied the various statistical analysis to answer the problems raised. The descriptive approach was used to describe the result of the study and to interpret the findings of the hypotheses. It also described the qualitative formulation of the models based on the objective of the study. It utilized the Microstat Software System to test the various data.