European country main telephony standard use E1 signal, which run at 2.048Mbps, and contain 32 channels of 64Kbps. One phone line is routed to one channel.
In North America, the standard is T1, which is 1.544Mbps, with 24 channels of 64Kbps. One phone line is routed to one channel.
However, there is a catch. Those 2 standards come in different 'flavors'. For example, for T1, you can have what's called 'unframed', 'super-frame' and 'extended super-frame' (the most populars). the unframed T1 signal give 64Kbps, however, other signals give only 56Kbps of payload. The framed signals use some of the bits of the T1 payload as extra framing signals (to pass along extra infos).
This is why the modems standards can only go up to 56Kbps (which are by the way a pretty remarkable piece of technology, to be able to encode analog signals so that they get transformed to digital signals in the CO with using all of the avail bits).