Full text of E.16 Country Exposure Lending Survey : June 8, 1978

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FEDERAL
press

RESERVE

release

For immediate release

June 8, 1978

COUNTRY EXPOSURE LENDING SURVEY

The results of a survey of foreign lending by large United
States banks as of December 31, 1977, were made public today by the
Office of the Comptroller of the Currency, the Federal Deposit
Insurance Corporation, and the Federal Reserve Board.
The results are from a semi-annual reporting system begun on
an experimental basis by the bank regulatory agencies in June 1977
and since made permanent.

The survey is intended to increase the

information available to the public on foreign lending by U.S. banks
on a country-by-country basis.
The data for the year-end 1977 survey cover claims on foreign
residents held at all domestic and foreign offices of 124 U.S. banking
organizations with significant foreign banking operations.

Types of Loans
The information gathered in the survey concentrated on
data concerning lending from a bank's offices in one country to
residents of another country, or lending in a currency other than
that of the borrowers.

These are known as cross-border or cross-

currency loans.
Cross-border and cross-currency loans are those most
closely associated with country risk. As shown in Table I, such
claims totalled $194 billion on the reporting date.

About 43 per-

cent of such foreign lending was accounted for by claims on residents




-2of Switzerland and the Group of Ten (G-10) developed countries.
Another 22 percent represented loans to residents of "other developed
countries" and "offshore banking centers.1—* Cross-border and crosscurrency claims on residents of less developed countries that are
not oil exporters amounted to approximately $47 billion, or some
24 percent of the total.
In addition, the banks reported $49 billion in local
currency claims that were held by their offices in foreign countries
on residents of the country in which the office was located.

An

example would be Deutsche mark claims on German residents held by
the German branch of the reporting U.S. bank.

To a large extent,

these local currency claims were matched by $40 billion in local
currency liabilities due to local residents. Approximately 73 percent of these claims were on residents of Switzerland and the
G-10 countries.

Maturities
About two-thirds of the reported cross-border
and cross-currency claims had a maturity of under one year. Only
$12 billion in claims had a maturity in excess of five years.
Short-term claims were especially prominent in the G-10 countries
and the offshore banking centers where, combined, $85 billion out
of $107 billion in claims matured in less than one year.

This heavy

concentration of short-term claims reflects the large volume of

—' Countries where multinational banks conduct a large international
money market business.




-3interbank lending in these countries.

Most such placements of

deposits are for very short periods.
For most other groups of countries, short-term claims
accounted for about one-half of total claims, although the proportion varied significantly among individual countries.

Type of Borrower
With regard to type of customer, business with other banks
accounted for the largest amount, equaling $96 billion.

This was

followed by private nonbank sector lending totaling $60 billion,
and loans to the public sector amounting to $38 billion.

This last

category includes foreign central governments, their political subdivisions and agencies, foreign central banks, and commercial nonbank enterprises owned by government.
significantly from country to country.

This distribution varied
Here also, most of the claims

on banks were on those located in the G-10 countries and the offshore
banking centers.

Guarantees
In Table II, information is provided on the cross-border
and cross-currency claims that are guaranteed by residents of another
country.

Claims are reallocated from the country of residence of the

borrower to another country intwo major ways.

First, claims on a

bank branch located in one country where the head office is located
in another country are allocated to the country of the head office.




-4Since a branch is legally a part of the parent, claims on a branch
are treated as being guaranteed by the head office.

Second, claims

on a borrower in one country which are formally guaranteed by a
resident of another country are allocated to the latter country.
These reallocations are thought to provide a better approximation
of country exposure in the banks1 portfolios than the unadjusted
figures.
The results of the reallocations appear in the last column
of Table II.

Most of the shifts are accounted for by the transfer

of claims on branches (and, where guaranteed, subsidiaries) of
banks to their head offices ($36 billion out of $46 billion).

In

general, the reallocations primarily affected the offshore banking
centers and some of the developed countries.

For example, claims

on the offshore banking centers decreased from $24 billion to $8
billion and claims on the United Kingdom decreased from $31 billion
to $18 billion.
For most less developed countries, a relatively small
portion of claims is externally guaranteed.

The total shown for

claims on foreigners by country of guarantor is about $174 billion
or $20 billion less than the total for claims by country of borrower.
This results from U.S. residents guaranteeing about $28 billion in
claims on foreign residents and foreigners guaranteeing about $8
billion of claims on U.S. residents.




-5Commitments to Provide Funds for Foreigners
The survey also provided information on contingent claims
on foreigners.

The banks were asked to report such contingent claims

only where the bank had a legal obligation to provide funds.

As

shown in Table III, the amounts reported total $52 billion;
75 percent of that total being in the private sector, including banks.
Table III also adjusts these commitments for guarantees in the same
manner as Table II does for claims.
Use of the Data - Comparison with June 19 77 Survey
The December 1977 survey is not fully comparable to the
survey conducted in June 1977 for which data were released on
January 16, 1978.

A slightly different reporting panel was used

for the latest survey, adjustments were made to the form and its
instructions, and certain deviations from the instructions that
were permitted in the June version of the form were not permitted
this time.
Total claims as of December were about $30 billion larger
than in June.

However, the largest increase, $20 billion, was in

claims on banks in the offshore banking centers and G-10 countries.
It is believed that a large portion of this increase is due to better
reporting.

In June, several banks reported bank claims on a net

basis after guarantees rather than reporting gross amounts initially.
Some of the growth in this particular item may also be due to the fact




-6that the June report included only bank placements in this category,
while the December report included other claims on banks as well.
The change in reported amounts in other areas was more
moderate and is probably more indicative of real growth in lending to
these areas.

For example, claims on less developed countries that

are not oil exporters, after adjustments for guarantees, showed an
increase of about $3.5 billion, going from $41.5 billion?.' to
$45 billion.

2/
— Includes amounts for "other Latin America11, "Other Africa",
"Other Middle East", and "Other Asia/Pacific" which were not
included in the total in June but are in the December data.




TABLE

I CROSS-BORDER

COUNTRY
G~1O AND SWITZERLAND
BELGIUM-LUXEMBOURG
CANADA
FRANCE
GERMANY, FEDERAL REPUBLIC OF
ITALY
JAPAN
NETHERLANDS
SWEDEN
SWITZERLAND
UNITED KINGDOM
TOTALS
NON G-1O DEVELOPED COUNTRIES
AUSTRALIA
AUSTRIA
DENMARK
FINLAND
GREECE
ICELAND
IRELAND* REPUBLIC OF
NEW ZEALAND
NORWAY
PORTUGAL
SOUTH AFRICA
SPAIN
TURKEY
OTHER
TOTALS
EASTERN EUROPE
ALBANIA
BULGARIA
CZECHOSLOVAKIA
GERMAN DEMOCRATIC REPUBLIC
HUNGARY
POLAND
ROMANIA
U.S.S.R.
YUGOSLAVIA
TOTALS
OIL EXPORTING COUNTRIES
ALGERIA
ECUADOR
GABON
INDONESIA
IRAN
IRAQ
KUWAIT
LIBYA
NIGERIA
QATAR




AND NON-LOCAL CURRENCY CLAIMS BY RESIDENCE OF BORROWER: DECEMBER 1977
(IN MILLIONS OF DOLLARS)
CLAIMS ON: —
OTHER
PUBLIC
PRIVATE
BORROWERS

—MATURITY
ONE YEAR
AND UNDER

396.5
625.9
789.6
504.9
1243.3
2*6.0
9.2
438.8
41.4
3079.5
7375.6

772.7
1643.4
1746.1
2769.5
999.8
7079.8
513.0
785.5
849.7
6528.6
23688.6

6369.4
4823.1
6958.5
4479.5
3271.7
8383.1
2481.2
1116.8
2089.4
25267.7
65242.8

205.8
765.2
1426.7
995.3
1746.7
3625.2
212.8
748.1
180.9
4738.9
14645.9

83.3
325.6
530.9
184.1
354.0
262.5
132.6
263.7
53.5
1499.9
3710.7

438.9
788.6
572.3
422.6
197.2
13.8
111.2
54.4
132.8
369.2
425.4
1050.7
793.8
51.8
5423.2

114.0
100.9
448.1
324.2
681.8
34.3
221.1
328.4
268.0
143.8
924.2
1093.0
479.2
23.6
5185.0

912.4
49.1
645.4
651.4
877.9
11.2
224.9
212.4
1667.1
71.6
927.8
1416.2
191.9
168.9
8028.7

632.3
815.5
813.7
649.4
541.6
21.3
290.6
267.9
602.5
503.6
1186.6
1455.8
1121.1
192.5
9094.8

666.1
99.9
737.9
580.0
977.5
23.1
235.9
268.1
1113.4
76.5
969.2
1879.8
343.4
50.2
8021.6

167.3
23.3
114.1
170.8
238.6
14.8
30.0
59.3
352.0
4.5
121.8
224.3
1.0
1.6
1523.8

.0
329.7
160.2
563.0
327.2
743.5
103.2
823.6
427.0
3477.6

.0
172.7
28.0
354.5
563.1
501.1
92.0
709.2
284.7
2705.5

.0
25.2
4.5
62.3
6.0
69.9
35.8
18.8
438.1
660.7

.0
269.9
131.2
476.6
417.2
542.0
200.1
727.1
330.4
3094.9

.0
235.8
51.4
438.9
390.8
724.9
30.9
711.8
731.9
3316.7

.0
21.8
10.1
64.3
88.3
57.4
•0
112.6
87.3
441.9

382.7
156.7
2.3
286.5
993.6
24.4
399.3
39.1
81.8
11.0

927.9
479.8
174.8
1166.4
737.4
66.2
9.0
15.0
3.7
37.3

230.0
404.0
7.8
748.4
471.4
2.0
127.6
4.1
43.3
24.5

321.4
632.9
53.0
1026.6
1041.0
44.3
457.2
58.1
101.4
31.2

937.2
293.4
124.4
987.9
898.6
48.3
73.9
•1
23.9
22.0

282.0
113.6
7.5
186.7
262.7
•0
5.0
.0
3.4
19.7

TOTAL
CLAIMS

BANKS

6659.6
5933.3
8916.1
5654.1
5372.4
12268.4
2826.7
2150.6
2323.9
31504.6
83610.1

5490.3
3664.2
6380.4
2380.4
3130.1
4944.8
2304.4
925.2
1432.8
21898.4
52551.5

1465.3
938.7
1665*6
1398.3

1757.1
59.2

557.1
595.4
2068.0
564.7
2277.5
3559.9
1465.0
247.4
18640.0

•0
527.6
192.7
979.9
896.4

1313.8
226.0

1551.6
1149.5
6837.8

1540.7
1040.1
184.9
2199.4
2202.4
92.6
536.1
58.2
128.7
72.8

PAGE 1

DIST. OF CLAIMS:
OVER ONE
OVER
TO 5 YEARS
5 YEARS

TABLE I CROSS-BORDER AND NON-LOCAL CURRENCY CLAIMS BY RESIDENCE OF BORROWER: DECEMBER 197?
(IN MILLIONS OF DOLLARS)

COUNTRY
OIL EXPORTING COUNTRIES
SAUDI ARABIA
UNITED ARAB EMIRATES
VENEZUELA
TOTALS

TOTAL
CLAIMS

BANKS

CLAIMS ON: —
OTHER
PUBLIC
PRIVATE
BORROWERS

PAGE 2

—MATURITY DIST. OF CLAIMS:
ONE YEAR
OVER
OVER ONE
AND UNDER TO 5 YEARS 5 YEARS

591.9
664.2
5373.8
14686.2

207.2
232.4
608.4
3425.6

43.5
299.7
2075.9
6037.1

341.3
132.0
2690.5
5227.2

485.1
363.6
3593.1
8209.5

91.9
261.3
1403.3
5166.4

14.8
39.2
378.3
1313.2

NON-OIL EXP DEV COUNTRIES-LATIN AM I CARIBBEAN
ARGENTINA
2639.7
BOLIVIA
446.2
11992.5
BRAZIL
621.1
CHILE
COLOMBIA
1293.1
424.7
COSTA RICA
283.5
DOMINICAN REPUBLIC
186.2
EL SALVADOR
226.4
GUATEMALA
HONDURAS
253.3
247.3
JAMAICA
11213.2
MEXICO
NICARAGUA
562.5
33.2
PARAGUAY
1831.3
PERU
44.5
TRINIDAD AND TOBAGO
203.3
URUGUAY
830.3
OTHER
33535.1
TOTALS

598.0
50.9
3364.3
256.6
464.3
54.8
29.2
51.9
24.6
64.3
16.0
1982.6
174.9
1.6
450.9
1.2
53.3
710.0
8349.8

1238.4
194.2
2992.6
359.4
366.8
148.2
145.3
52.0
13.7
41.2
147.3
4801.9
204.0
1.0
995.5
37.8
85.0
38.5
11863.3

803.2
200.9
5631.9
204.5
461.8
221.5
109.1
84.2
168.1
147.8
84.0
4434.1,
163.4
30.6
3b3.9
5.5
65.0
81.8
13322.1

1669.4
233.5
4062.8
520.5
855.1
227.1
116.3
141.8
143.3
145.5
92.3
5418.6
360.9
26.1
1021.8
22.2
134.3
793.2
15985.5

900.5
183.7
6599.2
282.6
376.6
166.8
143.3
42.0
76.0
100.5
134.0
4697.4
154.7
7.1
686 .5
10.5
66.7
35.1
14664.2

69.9
27.9
1328.5
17.4
61.2
30.5
23.6
4.2
7.0
7.3
21.0
1097.7
46.5
•0
123.0
11.9

NON-OIL EXP DEV COUNTRIES-ASIA
CHINA, REPUBLIC OF TAIWAN
INDIA
ISRAEL
JORDAN
KOREAy SOUTH
MALAYSIA
PAKISTAN
PHILIPPINES
SYRIA
THAILAND
OTHER
TOTALS

2805.7
187.9
667.0
101.6
3072.0
511.2
59.3
2049.9
97.8
856.9
555.7
10965.3

954.9
29.4
450.5
7.0
1458.8
106.4
6.0
611.2
72.1
390.7
125.1
4214.4

958.4
66.1
181.1
79.3
504.0
259.4
31.1
505.7
21.9
108.9
111.5
2827.6

893.6
92.4
35.4
15.3
1111.2
145.1
20.2
933.5
3.7
357.3
319.0
3926.9

1895.8
74.0
526.1
22.0
1823.2
216.9
49.2
1250,1
84.1
715.1
331.9
6988.7

833.8
88.4
131.5
44.5
1150.9
195.3
6.0
603.7
13.6
135.6
188.7
3392.2

60.2
427.6
78.3
347.4
39.5
70.3
462.0
25.4
219.8
95.0
252.9

3.2
205.0
9.8
21.5
4.1
16.5
24.1
.1
20.1
6.5
2.9

46.2
170.2
54.5
263.7
14.8
51.5
407.8
24.3
181.6
80.4
220.5

10.8
50.4
14.0
62.4
20.6
2.3
30.1

13.1
343.9
65.2
84.7
20.4
36.3
64.4
8.3
119.0
38.8
81.5

44.9
77.5
13.0
241.3
17.5
25.8
338.8
17.0
89.7
48.0
135.9

NON-OIL EXP DEV COUNTRIES-AFRICA
CAMEROON
EGYPT
GHANA
IVORY COAST
KENYA
MALAWI
MOROCO
SENEGAL
SUDAN
TUNISIA
ZAIRE




1.0
16.1

8.1
29.4

1.2
2.0
2881.5
77.2
25.5
9.3
35.1
100.0
99.0
4.1
196.5
•0
6.2
34.8
587.8

2.2
6.0

.1
23.3
1.6
8.2
58.5
•1

11.1
8.2
35.5

PAGE 3

TABLE I CROSS-BORDER AND NON-LOCAL CURRENCY CLAIMS BY RESIOENCE OF BORROWER: DECEMBER 1977

(IN MILLIONS OF DOLLARS)

COUNTRY

TOTAL
CLAIMS

BANKS

CLAIMS ON:
PUBLIC
BORROWERS

OTHER
PRIVATE

—MATURITY DIST. OF CLAIMS:
ONE YEAR
OVER ONE
OVER
AND UNDER TO 5 YEARS 5 YEARS

NON-OIL EXP DEV COUNTRIES-AFRICA

ZAMBIA
OTHER
TOTALS
OFFSHORE BANKING CENTERS
BAHAMAS
BAHRAIN
BERMUDA
BRITISH WEST INDIES
HONG KONG
LEBANON
LIBERIA
MACAO
NETHERLANDS ANTILLES
PANAMA
SINGAPORE
TOTALS
INTERNATIONAL L REGIONAL ORGANIZATIONS
AFRICAN REGIONAL
ASIAN REGIONAL
E. EUROPEAN REGIONAL
INTERNATIONAL
LATIN AMERICAN REGIONAL
MIDDLE EASTERN REGIONAL
W. EUROPEAN REGIONAL
TOTALS

182.3
172.8
2434.0

15.4
61.8
391.1

135.3
45.8
1696.9

31.6
65.2
344.0

107.5
115.9
1099.5

70.3
45.3
1165.3

11.4
170.9

9699.8
1214.8
450.7
2751.4
1724.4
154.6
1834.7
1.0
484.1
2444.7
2857.5
23618.1

9616.2
1190.6
150.7
2693.2
808.3
60.8

17.3

66.2
19.2
299.9
52.3
905.9
90.7
1763.1

9629.9
1204.1
281.5
2707.7
1264.3
128.0
360.0

55.2

14.7

6.0
1.0

74.9
1166.3
2566.1
18334.4

5.0

•0
5.8
7.2
3.0

67.6
.0
4.0

277.6
12.2
399.7

6.6
U.3
85.1
52.1
16.0
.0
76.8
247.9

•0
•0
•1
•0
•0
•0
•1

11.3
85.0
52.1
16.0
•0
74.0
245.0

194575.0

96168.0

38336.1

.0

6.6

.0

405.2
1000.9
279.2
4883.1
.0
.0

•0
•0
•0
•0
•0
•0

1.0

236.3
1646.0
2754.5
20213.6

8.7

111.4
35.8
264.2
22.9
936.0
•0
215.3
549.5
34.8
2254.4

5.5

1.1

•0
22.6

10.0
62.4
31.1

.0

10.0
•0

5.0

4.6

2.0

57.6
7.8

137.7
3.7
541.7
•0
32.7
249.1
68.1
1115.3
•0
1.3

•0
21.0
1.0
.0

38.1

•0
13.0
122.6

61.0
84.3

129967.9

52749.4

11829.7

.0

•*** GRAND *•**
••

TOTALS • •




60081.5

PAGE 1
TABLE I I

CROSS-BORDER AND NON-LOCAL CURRENCY CLAIMS ON FOREIGNERS BY COUNTRY OF GURARANTOR: DECEMBER

1977

(IN MILLIONS OF DOLLARS)

COUNTRY

TOTAL CLAIMS
(BY RESIDENCE)

CLAIMS GUARANTEED
BY RESIDENTS OF
OTHER COUNTRIES
ON BANKS ON OTHERS

TOTAL CLAIMS
LESS GUARANTEED
CLAIMS

CLAIMS ON RESIDENTS
OF OTHER COUNTRIES
GUARANTEED BY RESIDENTS
OF THIS COUNTRY
ON BANKS
ON OTHERS

G-1O AND SWITZERLAND
BELGIUM-LUXEMBOURG
CANADA
FRANCE
GERMANY, FEDERAL REPUBLIC OF
ITALY
JAPAN
NETHERLANDS
SWEDEN
SWITZERLAND
UNITED KINGDOM
TOTALS

6659.6
5933.3
8916.1
5654.1
5372.4
12268.4
2826.7
2150.6
2323.9
31504.6
83610.1

1768.2
469.9
1851.3
585.3
284.4
254.1
289.2
97.3
237.3
13830.2
19667.4

191.3
185.2
172.1
389.0
203.5
177.0
188.4
17.4
230.1
1492.9
3247.2

4700.0
5278.2
6892.6
4679.6
4884.4
11837.3
2349.0
2035.9
1856.5
16181.4
60695.4

318.8
3394.9
19 39.5
2507.0
668.9
3740.9
609.9
114.7
1008.3
1718.4
16021.5

NON G-1O DEVELOPED COUNTRIES
AUSTRALIA
AUSTRIA
DENMARK
FINLAND
GREECE
ICELAND
IRELAND, REPUBLIC OF
NEW ZEALAND
NORWAY
PORTUGAL
SOUTH AFRICA
SPAIN
TURKEY
OTHER
TOTALS

1465.3
938.7
1665.8
1398.3
1757.1
59.2
557.1
595.4
2068.0
584.7
2277.5
3559.9
1465.0
247.*
18640.0

16.8
131.6
52.4
20.7
76.6
.0
47.5
12.5
7.0
10.2
12.0
99.5
1.1
1.9
489.8

46.2
17.6
15.5
15.4
133.3
.5
25.6
16.5
222.2
3.8
81.9
93.0
50.4
11.0
733.5

1402.3
789.4
1597.8
1362.2
1547.2
58.7
483.8
566.4
1838.7
570.6
2183.6
3367.3
1413.4
234.5
17416.6

318.0
51.8
68.3
60.6
42.8
•0
82.9
57.5
56.7
37.0
84.0
387.8
.5
52.1
1300.1

EASTERN EUROPE
ALBANIA
BULGARIA
CZECHOSLOVAKIA
GERMAN DEMOCRATIC REPUBLIC
HUNGARY
POLAND
ROMANIA
U.S.S.R.
YUGOSLAVIA
TOTALS

•0
527.6
192.7
979.9
896.4
1313.8
226.0
1551.6
1149.5
6837.8

•0
2.3
.0
3.0
•0
54.3
2.0
86.3
2.4
150.3

•0
.0
•0
2.0
•0
33.3
8.2
•0
76.4
119.9

.0
525.3
192.7
974.9
896.4
1226.2
215.8
1465.3
1070.7
6567.6

•0
6.0
26.0
187.2
9.0
15.6

OIL EXPORTING COUNTRIES
ALGERIA
ECUADOR
GABON
INDONESIA
IRAN
IRAQ
KUWAIT

1540.7
1040.1
184.9
2199.4
2202.4
92.6
536.1

13.8
1.0
.0
24.2
24.3
•0
6.2

175.6
21.3

1351.3
1017.7
177.9
1903.1
2120.4
92.6
519.4




7.0
272.0
57.7

•0
10.5

334.2
178.1
767.8
420.0
102.7
1453.8
108.5
77.5
284.6
536.5
4266.2

TOTAL CLAIMS
BY COUNTRY OF
GUARANTOR
5353.1
8851.3
9600.0
7606.8
5656.1
17032.0
3067.5
2228.2
3149.5
18438.4
80983.3

16.3
.0
21.9
467.7

1787.7
865.5
1780.9
1440.1
1672.6
58.7
574.7
634.8
1987.7
612.4
2274.8
3771.4
1413.9
308.5
19184.5

135.1
•2
380.1

.0
•0
2.0
6.2
3.0
•0
•0
•0
8.4
19.6

•0
531.3
220.7
1168.3
908.4
1241.8
216.8
1600.4
1079.3
6967.4

.0
•0
.0
21.9
219.2
1.0
13.6

4.2
3.9
3.2
3.0
9.3
•0
17.8

1355*5
1021.6
181.1
1928.0
2 3^8.9
93.6
550,8

1.0

67.3
24.3
114.8
17.3
82.6
•0
8.0
10.9
92.2
4.8

7.2

PAGE 2
TABLE I I

CROSS-BORDER AND NON-LOCAL CURRENCY CLAIMS ON FOREIGNERS BY COUNTRY OF GURARANTOR: DECEMBER
( I N MILLIONS OF DOLLARS)

1977

CLAIMS ON RESIDENTS

COUNTRY
OIL EXPORTING COUNTRIES
LIBYA
NIGERIA
QATAR
SAUDI ARABIA
UNITED ARAB EMIRATES
VENEZUELA
TOTALS

TOTAL CLAIMS
(BY RESIDENCE)

CLAIMS GUARANTEED
BY RESIDENTS OF
OTHER COUNTRIES
ON BANKS ON OTHERS

TOTAL CLAIMS
LESS GUARANTEED
CLAIMS

OF OTHER COUNTRIES
GUARANTEED BY RESIDENTS
OF THIS COUNTRY
ON BANKS
ON OTHERS

TOTAL CLAIMS
BY COUNTRY OF
GUARANTOR

58.2
128.7
72.8
591.9
664.2
5373.8
14686.2

•0
2.9
.0
31.1
52.1
3.5
159.1

•0
6.0
.0
122.8
15.0
157.2
845.2

58.2
119.8
72.8
438.0
597.1
5213.1
13681.9

•1

•0

.5
.0

15.0

27.6
11.5
11.2
306.6

99.6
6.0
5.0
172.0

NON-OIL EXP DEV COUNTRIES-LATIN AM L CARIBBEAN
2639.7
ARGENTINA
446.2
BOLIVIA
BRAZIL
11992.5
821.1
CHILE
1293.1
COLOMBIA
424.7
COSTA RICA
283.5
DOMINICAN REPUBLIC
188.2
EL SALVADOR
226.4
GUATEMALA
2*3.3
HONDURAS
247.3
JAMAICA
11213.2
MEXICO
562.5
NICARAGUA
33.2
PARAGUAY
1831.3
PERU
44.5
TRINIDAD AND TOBAGO
203.3
URUGUAY
830.3
OTHER
33535.1
TOTALS

44.6
15.7
104.8
1.5
34.2
3.0
.0
1.0
•0
6.0
.0
61.0
2.0
.0
.0
.2
1.1
661.0
936.1

154.7
8.0
841.3
30.6
28.0
25.9
4.6
5.4
21.7
13.9
13.0
442.4
13.4
•0
53.6
1.0
6.6
18.3
1683.0

2440.2
422.5
11046.3
789.0
1230.8
395.7
2>8.9
181.7
204.7
233.4
234.3
10709.7
547.1
33.2
1777.7
43.3
195.6
151.0
30915.9

7.0
•0
567.5
6.0
89.5
.0
•0
.0
•0
•0
•0
140.6
•0
•0
5.0
•0
4.0
•0
819.6

•1
•0
2.6
.5
125.2

2448.2
422.6
11690.0
795.2
1331.7
397.7
279.9
181.7
207.7
233.4
234.3
10876.0
548.1
33.9
1782.8
43.3
202.2
151.5
31860.8

NON-OIL EXP DEV COUNTRIES-ASIA
CHINA, REPUBLIC OF TAIWAN
INDIA
ISRAEL
JORDAN
KOREA* SOUTH
MALAYSIA
PAKISTAN
PHILIPPINES
SYRIA
THAILAND
OTHER
TOTALS

2805.7
187.9
667.0
101.6
3072.0
511.2
59.3
2049.9
97.8
656.9
555.7
10965.3

15.0
10.1
23.1
•0
6.0
26.0
1.0
50.7
•0
17.2
54.4
205.5

126.5
11.5
60.2
21.4
95.2
16.6
1.0
64.5
•0
70.6
67.8
535.5

2664.2
166.3
583.7
60.2
2970.8
466.6
57.3
1934.7
97.8
768.9
433.5
10224.2

5.2
46.6
156.5
32.9
176.3
15.6
22.0
9.6
.0
94.6
17.6
577.0

22.6
31.8
11.3
•0
108.8
2.3
.0
12.7
.0
5.0
13.0
207.5

2692.0
244.7
751.5
113.1
3256.0
464.5
79.3
1957.0
97.8
868.6
464.1
11008.8

60.2
427.6
78.3
347.4
39.5

.0
3.4
•0
•0
3.0

•0
38.0
•0
14.4

60.2
386.2
78.3
333.0
34.7

.0
17.6
5.3
•0
•0

•0
6.1
.0
•1
•0

60.2
409.9
83.6
333.1
34.7

NON-OIL EXP DEV COUNTRIES-AFRICA
CAMEROON
EGYPT
GHANA
IVORY COAST
KENYA




1.8

5.0

1.0
.0
76.0

.2
11.4
2.0
1.0
•0
3.0
•0
.0
25.6
1.0

.7

58.3
135.3
77.8
565.2
614.6
5229.3
14160.5

PAGE 3
TABLE I I

CROSS-BORDER AND NON-LOCAL CURRENCY CLAIMS ON FOREIGNERS BY COUNTRY OF GURARANTOR: DECEMBER 1977
( I N MILLIONS OF DOLLARS)
CLAIMS ON RESIDENTS
OF OTHER COUNTRIES

CLAIMS GUARANTEED

COUNTRY
NON-OIL EXP DEV COUNTRIES-AFRICA
MALAWI
MOROCO
SENEGAL
SUDAN
TUNISIA
ZAIRE
ZAMBIA
OTHER
TOTALS
OFFSHORE BANKING CENTERS
BAHAMAS
BAHRAIN
BERMUDA
BRITISH WEST INDIES
HONG KONG
LEBANON
LIBERIA
MACAO
NETHERLANDS ANTILLES
PANAMA
SINGAPORE
TOTALS
INTERNATIONAL € REGIONAL ORGANIZATIONS
AFRICAN REGIONAL
ASIAN REGIONAL
E. EUROPEAN REGIONAL
INTERNATIONAL
LATIN AMERICAN REGIONAL
MIDDLE EASTERN REGIONAL
W. EUROPEAN REGIONAL
TOTALS
»••• GRAND ***•
•• TOTALS *•




TOTAL CLAIMS
(BY RESIDENCE)

BY RESIDENTS OF
OTHER COUNTRIES
ON BANKS ON OTHERS

TOTAL CLAIMS
LESS GUARANTEED
CLAIMS

GUARANTEED BY RESIDENTS
OF THIS COUNTRY
ON OTHERS
ON BANKS

TOTAL CLAIMS
BY COUNTRY OF
GUARANTOR

70.3
462.0
25.4
219.8
95.0
252.9
182.3
172.8
2434.0

•0
2.0
•0
2.0
.2
•0
•8
25.1
36.5

3.3
13.0
•0
77.8
1.5
133.5
11.2
» '8.7
303.2

67.0
447.0
25.4
140.0
93.3
119.4
170.3
139.0
2094.3

•0
13.4
•0
•0
•3
•0
.0
20.1
56.7

•0
2.0
.9
.0
•0
•0
4.0
4.0
17.1

67.0
462.4
26.3
140.0
93.6
119.4
174.3
163.1
2168.1

9699.8
1214.8
450.7
2751.4
1724.4
154.6
1834.7
1.0
484.1
2444.7
2857.5
23618.1

7746.8
503.3
130.5
2432.5
534.7
1.2
•0
•0
58.2
807.7
2184.6
14399.6

37.3
•0
88.6
16.4
228.0
5.7
1140.3
.2
197.8
444.9
54.1
2213.6

1915.7
711.5
231.5
302.4
961.7
147.6
694.4
•8
228.1
1192.0
618.7
7004.8

139.1
2.2
.0
5.0
137.5
18.5
•0
•0
•0
15.0
69.6
386.9

18.8
4.0
52.2
•0
215.3
8.3
27.3
1.3
3.0
81.6
18.0
429.8

2073.6
717.7
283.7
307.4
1314.5
174.4
721.7
2.1
231.1
1288.6
706.3
7821.5

6.6
11.3
85.1
52.1
16.0
•0
76.8
247.9

•0
•0
•0
•0
1.0
.0
•0
1.0

.0
•0
•0
.0
5.0
•0
.0
5.0

6.6
11.3
85.1
52.1
10.0
.0
76.8
241.9

.0
•0
.0
.0
•1
•0
•0
.1

2.2
•0
.0
•0
•0
3.0
34.0
39.2

8.8
11.3
85.1
52.1
10.1
3.0
110.8
281.2

5744.6

174436*5

194575.0

36045.5

9686.3

148843.0

19848.8

TABLE I I I CROSS BORDER AND NON-LOCAL CURRENCY CONTINGENT CLAIMS: OECEMBER 1977

PAGE 1

(IN MILLIONS OF DOLLARS)
COMMITMENTS TO ADVANCE FUNDS
(BY COUNTRY OF RESIDENCE)
TO PUBLIC TO OTHER
TOTAL BORROWERS BORROWERS
G-1O AND SWITZERLAND
SELGIUM-LUXEMBOURG
CANADA
FRANCE
GERMANY* FEDERAL REPUBLIC OF
ITALY
JAPAN
NETHERLANDS
SWEDEN
SWITZERLAND
UNITED KINGDOM
TOTALS

926.4
885.4
3530.5
2069.7
1040.1
3329.8
1066.4
1027.1
1173.7
5670.0
20719.5

8.0

92.0
979.7
69.1
262.2
60.0
60.4
198.2
3.0

391.9
2124.6

NON G-1O DEVELOPED COUNTRIES
AUSTRALIA
AUSTRIA
DENMARK
FINLAND
GREECE
ICELAND
IRELAND, REPUBLIC OF
NEW ZEALAND
NORWAY
PORTUGAL
SOUTH AFRICA
SPAIN
TURKEY
OTHER
TOTALS

1361.2
210.2
488.7
509.6
722.4
16.6
229.7
185.6
796.8
271.2
340*9
755.7
225.9
270.7
6385.7

26.7
83.5
62.6
37.5
1347.0

EASTERN EUROPE
ALBANIA
BULGARIA
CZECHOSLOVAKIA
GERMAN DEMOCRATIC REPUBLIC
HUNGARY
POLAND
ROMANIA
U.S.S.R.
YUGOSLAVIA
TOTALS

•0
105.6
12.0
157.9
38.2
561.8
143.9
272.5
316.2
1608.5

19.6
10.0
46.0
26.0
211.6
57.3
101.3
81.0
552.8

OIL EXPORTING COUNTRIES
ALGERIA
ECUADOR
GABON
INDONESIA
IRAN
IRAQ
KUWAIT
LIBYA

492.6
375.3
15.2
701.5
1208.8
296.0
207.0
300.1

292.7
270.3
10.6
309.6
496.1
145.8
20.0
105.4




15.0
48.4
146.2
248.2
315.5
13.6
119.3
103.0
119.6
7.8

.0

COMMITMENTS
GUARANTEED
RESIDENTS OF
OTHER COUNTRIES

918.4
793.4
2550.i
2000.6
777.9
3269.7
1006.0
828.9
1170.7
5278.0
18594.9

230.8
39.0
93.7
172.5
93.1
170.0
129.8
26.4
190.5
834.6
1980.6

1346.2
161.6
342.5
261.4
406.9

82.1
37.3

3.0

8.4

21.2
37.6
•0

110.4
82.5
677.2
263.4
314.2
672.2
163.3
233.2
5038.7

42.2
42.4
28.5
37.0
442.6

•0
86.0

1.3

2.0

111.9
12.2
350.1
86.6
171.2
235.2
1055.6

6.1

11.4
86.2
2.0

•0
•0
•0
1.0

118.8
8.0

64.0
29.8
222.9

199.8
105.0

37.7

4.6

1.7
63.2
16.8

391.8
712.6
150.2
187.0
194.7

4.0

4.5
4.0
1.3

COMMITMENTS TO
RESIDENTS OF OTHER
COUNTRIES GUARANTEED
BY RESIDENTS OF
THIS COUNTRY
38.1
50.1
342.6
160.4
51.5
392.6
47.3
17.2
64.8
588.6
1753.6

TOTAL COMM.
BY COUNTRY OF
GUARANTOR
733.8
896.5
3779.4
2057.7
998.5
3552.3
983.9
1018.0
1048.1
5424.0
20492.6

21.3
10.0
67.8
13.6
36.0
•0
•0
7.0
31.0
5.0
•0
18.8
1.0
5.6
217.1

1300.3
182.9
548.1
502.0
720.8
16.6
223.6
181.1
741.5
274-2
298.7
732.1
198.4
239.3
6160.2

•0
•0
.0
•0
1.0
•0
•0
40.0
•3
41.3

•0
104.3
12.0
157.9

5.2
17.0
•0
4.0
56.0
•0
7.1
17.0

38.2
443.0
135.9
248.5

286.7
1426.9
460.0
388.3
13.5

642.3
1248.0

291.5
210.1
315.8

TABLE I I I CROSS BORDER AND NON-LOCAL CURRENCY CONTINGENT CLAIMS: 0ECEMBER 1977
(IN MILLIONS OF DOLLARS)

COMMITMENTS TO ADVANCE FUNDS
(BY COUNTRY OF RES1OENCE)
TO PUBLIC TO OTHER
TOTAL BORROWERS BORROWERS
OIL EXPORTING COUNTRIES
NIGERIA
QATAR
SAUDI ARABIA
UNITED ARAB EMIRATES
VENEZUELA
TOTALS

375.7
140.1
631.4
405.2
1456.2
6605.5

244.2
50.6
59.4
178.9
551.0
2734.9

131.5
89.5
572.0
226.2
905.2
3870.5

NON-OIL EXP DEV COUNTRIES-LATIN AM t CARIBBEAN
ARGENTINA
BOLIVIA
BRAZIL
CHILE
COLOMBIA
COSTA RICA
DOMINICAN REPUBLIC
EL SALVADOR
GUATEMALA
HONDURAS
JAMAICA
MEXICO
NICARAGUA
PARAGUAY
PERU
TRINIDAD AND TOBAGO
URUGUAY
OTHER
TOTALS

566.4
233.5
1425.6
538.6
393.3
267.0
145.8
63.6
93.3
79.7
45.0
1562.7
93.3
45.3
284.4
55.3
80.5
147.3
6121.1

165.8
85.3
358.6
338.8
116.1
81.0
55.7
11.3
44.7
31.3
38.5
450.7
22.0

400.6
148.2
1066.9
199.7
277.2
185.9
90.1
52.3
48.5
48.4

147.7
53.0
52.5
13.1
2075.5

27.9
134.1
4045.6

NON-OIL EXP DEV COUNTRIES-ASIA
CHINA, REPUBLIC OF TAIWAN
INDIA
ISRAEL
JORDAN
KOREA, SOUTH
MALAYSIA
PAKISTAN
PHILIPPINES
SYRIA
THAILAND
OTHER
TOTALS

1298.5
205.4
173.3
98.2
1403.4
120.4
318.1
1290.4
96.5
405.0
404.8
5814.3

628.9
62.9
75.0
63.9
218.3
42.1
146.6
640.7
46.7
33.9
183.3
2142.6

669.5
142.5
98.3
34.3
1185.1
78.3
171.5
649.6
49.8
371.0
221.4
3671.6

20.2
582.4
52.5
138.8
43.0
16.0
231.0

10.0
287.3
34.8
102.1
9.7

10.2
295.0
17.7
36.7
33.3

13.0
118.6

112.4

NON-OIL EXP DEV COUNTRIES-AFRICA
CAMEROON
EGYPT
GHANA
IVORY COAST
KENYA
MALAWI
MOROCO




9.0

6.4

1112.0
71.3
36.3
136.7
2.3

3.0

COMMITMENTS
GUARANTEED
RESIDENTS OF
OTHER COUNTRIES

COMMITMENTS TO
RESIDENTS OF OTHER
COUNTRIES GUARANTEED
BY RESIDENTS OF
THIS COUNTRY

PAGE 2

TOTAL COMM.
BY COUNTRY OF
GUARANTOR

8.1
3.5
152.9

•0
•0
20.9

5.0

5.1
9.8
142.1

136.6
499.5
405.3
1417.6
6396.5

4.5
•0
20.1
•0
1.8
8.2
5.0
•0
4.0
1.0
•0
6.0
2.0
•2
•5
.0
•0
8.2
61.6

506.9
228.9
1298.1
534.9
367.2
257.6
132.9
60.9
88.2
79.4
43.6
1512.6
87.4
43.6
268.7
31.1
62.5
59.6
5664.7

57.8
2.0
1.9
20.0
13.0
•0
3.0
25.9
•0
2.0
11.4
137.0

1274.0
207.0
170.4
113.1
1355.0
104.3
281.1
1235.1
96.4
393.5
312.5
5542.6

•0
3.2
2.8
•5
3.0
•0
•0

13.2
563.1
55.0
127.3
35.0
16.0
231.0

48.3
351.1
64.0
4.5

147.6
3.6

27.9
17.*
17*9
2.7
9.0
1.3
1.3

56.1
7.9
1.9

16.2
24.2
18.0
95.8
516.0
82.2
•4
4.8

5.1
61.3
16.1
40.0
81.2
•1
13.5
103*6
408.5
7.0

22.5
•3
12.0
11.0
•0
•0

367.6

PAGE 3

TABLE I I I CROSS BORDER AND NON-LOCAL CURRENCY CONTINGENT CLAIMS: DECEMBER 1977
( I N MILLIONS OF DOLLARS)
COMMITMENTS TO ADVANCE FUNDS
(BY COUNTRY OF RESIDENCE)
TO PUBLIC
TO OTHER
TOTAL BORROWERS BORROWERS
NON-OIL EXP OEV COUNTRIES-AFRICA
SENEGAL
SUDAN
TUNISIA
ZAIRE
ZAMBIA
OTHER
TOTALS

21.7
59.5
90.0
25.1
70.7
173.5
1524.6

14.2
42.1
57.7
13.6
24.0
76.9
804.2

OFFSHORE BANKING CENTERS
BAHAMAS
BAHRAIN
BERMUDA
BRITISH WEST INDIES
HONG KONG
LEBANON
LIBERIA
MACAO
NETHERLANDS ANTILLES
PANAMA
SINGAPORE
TOTALS

197.8
40.9
433.4
-11.5
542.7
176.8
282.8
•0
116.3
302.2
433.8
2515.4

•0
•0

INTERNATIONAL £ REGIONAL ORGANIZATIONS
AFRICAN REGIONAL
ASIAN REGIONAL
E. EUROPEAN REGIONAL
INTERNATIONAL
LATIN AMERICAN REGIONAL
MIDDLE EASTERN REGIONAL
W. EUROPEAN REGIONAL
TOTALS
*••* GRAND •*••
•• TOTALS ••




21.0
•0
.0

•0

3.0
.0

55.0
19.6
3.2
.0

27.0
18.8
55.0
181.6
21.0
•0
•0
.0

•0
21.4

•4
•0
•0
21.4

51316.5

11985.0

.4
.0

7.5

17.4
32.3
11.5
46.7
96.6
720.4
197.8
40.9
430.4
-11.5
487.7
157.2
279.6
•0
89.3
283.4
378.8
2333.8

COMMITMENTS
GUARANTEED
RESIDENTS OF
OTHER COUNTRIES
2.0

19.5
4.4

12.1
.5

21.8
113.2
84.0
5.5

224.0
14.0
123.2
17.4
159.4
.0

33.0
80.0
14.0
754.5

•0
•0

•0

.0
.0

•0
•0

•0
.0

•0
.0

39331.5

.0

1.4
.0
.0
1.4

4793.0

COMMITMENTS TO
RESIDENTS OF OTHER
COUNTRIES GUARANTEED
BY RESIDENTS OF
THIS COUNTRY

TOTAL COMM.
BY COUNTRY OF
GUARANTOR

•0
•0
17.0
•0
12.0
20.0
58.5

19.7
40.0
102.6
13.0
82.2
171.7
1469.9

1.3
3.0
4.1

115.1
38.4
213.5
-25.5
441.5
165.4
133.5
•0
83.3
241.6
427.0
1834.0

•0
22.0
6.0

10.1
•0
•0
19.4
7.2
73.1
.0
.0
.0

55.8
42.0
.0

21.0
•0
•0
55.8
41.0
.0
•0

•0
97.8

117.8

2582.4

49105.8