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F ed era l R e se r v e Bank
DALLAS, TEXAS
of
Dallas
75222
Circular No. 80-9
January 15, 1980
STOLEN AND MARKED CURRENCY
TO ALL BANKS IN THE
ELEVENTH FEDERAL RESERVE DISTRICT:
We have been advised that Love Field National Bank, Dallas, Texas
was robbed on January 15, 1980. Stolen currency included all denominations
and was marked with a nonremovable red dye.
Love Field National Bank requests that you notify your tellers and
your customers to the extent possible, of the significance of the marked
c u rren cy .
Any information regarding attempts to pass the marked currency should
be forwarded to John K. Hoffman at the Federal Bureau of Investigation in Dallas
at (214) 741-1851.
Sincerely yours,
Robert H. Boykin
F irst Vice President
This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
FED ER A L R E SE R V E BANK
O F DALLAS
S. T. S C H U L Z E
D A L L A S ,T E X A S
A SSISTA N T VICE P R E S ID E N T
January 18,
m
*
To the Chief Executive Officer
of the in stitu tio n addressed:
Dear Sir:
As you know, the Federal Reserve p articipates in a semi
annual e ff o rt coordinated by the Bank for International Settlements
(BIS) to c o lle c t information on the maturity distribution of the
claims held by banks in eleven European countries, Canada, Japan, and
the United States on the various countries of the world (other than
the reporting countries themselves).
Enclosed for your information is an advanced copy of the re
port compiled by the BIS for June 30, 1979. The BIS intends to make
the data available to the general public on January 22, 1979, at 12:00
noon EST.
Yours very tru ly ,
S. T. Schulze / J
Assistant Yice Preslaent
Enclosure
75222
SANK r a n INTERNATIONAL SETTlfMENTS
Mentwy aM teonoma Owarmtm
BASH
—
January 1980
Maturity distribution of international bank
lending - end-June 1979
The attached tables show the maturity structure of BIS reporting
banks' external assets as at mid-1979, together with major revisions to the
end-1978 data that were published in July 1979.
On the basis of the revised
end-1978 figures the gross claims of banks in Group of Ten countries,
Switzerland, Austria, Denmark and Ireland and of their branches in offshore
centres on countries outside their own area rose during the first half of
1979 by $22.5 billion to a total of $320.6 billion, which was about 25 per
cent, above their level of a year earlier.
The increase during the first
half of 1979 was thus considerably smaller than the $42.2 billion expansion
recorded in the preceding six-month period.
This slowdown does not necessarily signal a sharp deceleration in
the underlying growth of lending. For one thing, the usual seasonal factors
produced a strong expansion of bank lending in the final quarter of 1973,
followed by slower growth in the first quarter of 1979.
Moreover, there were
two special factors that account for part of the difference in the rate of
growth of the banks' lending between the second half of 1978 and the first
half of 1979.
One was the sharp decline in the dollar's exchange rate in the
second half of 1978, which not only added to the demand for dollar credits
from the banks but also increased the value, expressed in dollars, of the
banks' lending in a number of other currencies. The second factor was the
re-emergence, following the renewed increase in oil prices at the end of
1978, of a significant surplus on the combined current-account balance of
payments of the oil-exporting countries.
Largely as a result of this
development the total of the reporting banks' credits to Middle Eastern
countries, which had gone up by $7.7 billion in the second half of 1978,
declined by $2.1 billion in the first half of 1979.
This turn-round was aot
offset by a corresponding increase in bank borrowing by other groups of
countries, so that excluding claims on the Middle East the slowdown, in the
reporting banks' new-lending to countries outside the reporting area between
the second half of 1978 and the first half of 1979 was from $34.5 to $24.6
billion.
-
2
-
Veil over half of the growth of bank, lending during the first half
of 1979 was accounted for by claims on Latin America, which expanded by $12.7
billion, or at an annual rate of 23 per cent.
Claims on countries in "Other
Asia" also showed strong growth, expanding by $5.1 billion or at an annual
rate of 35 per cent.
On the other hand, claims on "Developed countries
outside the reporting area", eastern Europe and "Other Africa" went up by
only $3, 2.3 and 1.5 billion respectively, or at annual rates of 9, 10 and 13
per cent.
Of the $22.5 billion total growth of the reporting bank external
claims during the first half of 1979, $8.8 billion represented claims with a
residual maturity of one year or less, only $0.2 billion was in the "up to two
years" category, while claims with a residual maturity of over two years
expanded by $11.3 billion.
unallocated item.
$2.2 billion of the total increase was in the
An outstanding feature of the first half of 1979 was the
strong growth in undisbursed credit commitments; the expansion of $16.2
billion (or 41 per cent, at an annual rate) was even greater than that
recorded in the second half of 1973.
Apparently the very easy market
conditions acted as an incentive for prospective borrowers to obtain credit
facilities well in advance of actual payments needs.
Even more than in earlier periods the maturity structure of asset
growth was quite different vis-a-vis individual groups of countries.
Thus,
credits with a residual maturity of over two years accounted for 31 and 73
per cent, of the increase in claims on "Other Africa" and "Developed
countries outside the reporting area" but for only 22 and 28 per cent, of the
expansion in claims on countries in "Other Asia" and on eastern Europe.
Latin America occupied a middle-of-the-road position.
Here the
share of new claims with maturities of over two years amounted to $6.1
billion, or 48 per cent.
Claims on Latin America with a residual maturity of
one year or less rose by $5.7 billion, whereas those in the one to two-year
range actually showed a slight decline.
The outstanding feature, however,
was the sharp rise of $9.3 billion in undisbnrsed credit commitments
outstanding vis-a-vis
Latin America,
which brought the total of such
commitments to 66 per cent, above their level of a year earlier.
As a result,
the ratio between commitments and actual claims on Latin America went up from
25 to 31 per cent, between June 1978 and 1979.
More than the whole decline in
claims on the "Middle East" was in the "up to one year'1 category.
BANK fO H INTERNATIONAL S f T U C U E N I S
and Economic D«i>n1m«nl
• ASLI
INTERNATIONAL BANKING
EXTERNAL POSITIONS OF COMMERCIAL BANKS IN GROUP OF TEN COUNTRIES, SWITZERLAND, AUSTRIA, DENMARK AND IRELAND
AND OF CERTAIN OF THEIR FOREIGN AFFILIATES: LIABILITIES, MATURITY DISTRIBUTION OF ASSETS, AND UNDISUURSED CREDIT COMMITMENTS
end-June 1979
Assets
Maturity distribution
Liabilities
Positions vis-a-vis
Total
up to and
including
one yearl*^
over one year
up to and
including
two years
over
two years
2
Undisbursed
credit
.
i
commitments
unallocated
Amounts outstanding, in millions of US dollars
Developed countries outside
41,104
Andorra .....................
Australia ...................
Cyprus .......... ............
Finland .....................
Gibraltar ...................
Greece ......................
Liechtenstein ...............
Malta .......................
Monaco ......................
New Zealand .................
Norway ......................
Portugal ....................
South Africa ................
Spain .......................
Vatican .....................
Yugoslavia ..................
Residual ....................
284
1,071
536
2,038
114
4,667
106
2,064
913
1,510
730
3,880
1,921
1,935
15,673
1,158
187
2,316
1
67,654
8
5,942
288
5,556
18
5,503
353
2,034
19
827
1,549
9,190
3,332
7,688
14,504
3,660
54
6,972
157
27,718
5,513
8
2,396
82
2,574
11
2,388
129
1,899
14
802
456
2,664
1,261
3,279
5,623
2,567
23
1,464
78
-
—
508
32
381
4
412
26
20
2
5
123
662
134
885
1,274
278
4
7 38
25
2,841
152
2,345
2
2,155
174
109
1
7
926
4,757
1,206
2,274
6,416
484
27
3,303
54
27,233
7,190
197
22
256
1
548
24
6
2
13
44
1,107
731
1,250
1,191
331
—
1,467
17,964
75
2,202
44
1,711
7
1,383
121
7
22
100
632
2,259
1,406
2,626
2,590
636
2
2,062
79
- 2 -
Assets
Maturity distribution
Liabilities
Positions vis-a-vis
Total
up to and
including
one yearl»2
over one year
up to and
including
two years
over
two years
Undisbursed
credi t
conimi trnents^
unallocated 2
Ailounts outstanding, in millions of US dollars
Eastern Europe ..............
9,847
49,907
21,515
5,678
15,735
6,979
13,660
47
3,611
2,685
7,186
6,876
13,528
3,616
12,358
42
1,698
1,547
2,938
3,504
4,818
1,923
5,045
510
127
1,305
468
2,079
232
957
5
1,033
865
2,045
2,329
4,301
820
4,337
-
Poland ......................
Rumania .....................
Soviet Union ................
69
651
829
1,470
520
857
161
5,290
370
146
898
575
2,330
641
2,019
356
240
1,531
780
4,315
1,262
5,176
Latin America ...............
45,943
109,715
44,026
11,235.
48,146
6,308
34,131
7,054
24
223
8,993
1,988
3,063
278
1^9
178
665
245
5
1
10,550
9
1,096
35,738
3,644
2,744
762
1,898
571
2,821
451
6
5,504
6
456
9,846
1,485
1,437
368
1,009
265
1,340
336
5
935
I
142
3,771
524
236
79
188
54
264
38
1
3,783
1
467
19,324
1,488
933
301
432
252
1,153
67
-
328
1
31
2,797
147
138
14
269
64
10
-
3,497
356
10,835
1,583
1,383
374
343
96
1,181
168
3
Czechoslovakia..... .........
Germany (CUR) ...............
Argentina ...................
Belize ................ ......
Bolivia .....................
Brazil ......................
Chile .......................
Costa Rica ..................
Dominican Republic ..........
Ecuador .....................
El Salvador .................
Falkland Islands ............
T
Assets
Maturity distribution
Liabilit ies
Positions vis-a-vis
Total
up to and
including
one yearl»2
over one year
up to and
including
two years
over
two years
Undisborsed
crediI
comini tinents *
unallocated^
Amounts outstanding, in millions of US dollars
I,atin America (contd.)
Guatemala ...................
Guyana ......................
Honduras ....................
Jamaica .....................
Mexico ......................
Nicaragua ...................
Paraguay ....................
Peru ........................
Surinam .....................
Trinidad and Tobago .........
Uruguay .....................
Venezuela ...................
Hesidual ....................
746
80
52
177
143
6,809
72
446
1,125
181
947
967
9,894
1,418
399
139
18
413
488
25,807
729
216
3,425
38
315
299
16,645
494
221
74
10
190
151
8,806
497
129
1,667
8
61
132
9,541
482
71
16
2
43
63
2,904
87
18
380
Middle liast .................
82,274
32,311
fcgypt .......................
Iran^..........................................................
Iraq'*..........................................................
Israel ......................
4,076
7,768
8,993
6,993
1,343
6,490
1,636
2,012
7,651
286
3,890
289
2,823
532
I.ibya^........................................................
29
26
1,362
1
87
45
6
172
232
12,412
141
68
1,109
28
214
113
5,314
4
8
42
1,685
4
1
269
2
11
28
428
7
146
12
9
200
61
7,391
73
114
468
10
265
308
5,201
54
21,291
1,801
7,487
1,732
10,045
1,252
2,753
194
2,389
107
2,704
508
67
646
28
381
19
50
289
3,677
44
1,016
134
45
15
404
575
20
104
29
24
9
1,276
2,308
381
611
280
487
569
-
20
4
-
-
4
-
Assets
Maturity distribution
l.iabi lit ies
Positions vis-a-vis
Total
up to and
inc 1iicling
one year
over one year
up to and
including
two years
over
two years
Undisbursed
credit
commi tiueuts *
unallocated ^
Announts outstanding, in millions of US dollars
Middle Cast (contd.)
Oman*1 .......................
Saudi Arabia^ ...............
Syria .......................
United Arab Emirates^ .......
Yemen .......................
Yemen l'.l). Republic .........
Residual ....................
333
631
16,138
822
2,629
1,254
247
22.9215
Other Africa ................
Algeria^1 ....................
Angola ......................
Benin l'.l). Republic .........
Botswana/Lesotho ............
Burundi .....................
Cameroon ....................
Cape Verde Islands ..........
Central African Empire ......
Chad ........................
Congo .......................
Djibouti ....................
Ethiopia ....................
393
751
3,439
222
5,153
102
4,752
228
219
2,888
123
3,144
72
14
4,696
10,975
24,568
1,976
239
33
160
53
111
12
24
19
103
73
I
160
8,273
104
16
79
7
580
6
16
38
293
2
15
16
65
30
138
1
360
4
92
363
264
4
1,500
4
12
40
8
139
149
94
149
22
2
4
6,465
1,776
9,334
6,993
9,178
1,284
15
6
27
5
112
2
3
12
165
1
15
10
725
12
1
12
3,981
15
2
39
1
77
2
13
31
1
2,283
62
7
1
I
359
3,927
57
8
42
10
222
-
-
-
32
2
-
7
-
-
2
-
-
2
-
26
90
-
1
22
-
-
1
169
540
1,663
257
1,145
87
66
206
3
2
2‘)
-
5
-
Assets
Maturity distribution
Positions vis-a-vis
Oilier Africa (contd.)
Gabon^ ......................
Gambia ......................
Ghana .......................
Guinea ......................
Guinea-Bissau ...............
Ivory Coast .................
Kenya .......................
Madagascar ..................
Malawi ......................
Mali ........................
Mauritania ..................
Maurit ius ................ .
Morocco .....................
Mozambique ..................
Namibia .....................
Nigeria^ ................... .
Rhodesia ....................
Rwanda ......................
Sao Tome and Principe .......
Senegal .....................
Seychelles ..................
Sierra l.cotie ..... ...........
Soma 1ia .....................
SL. Helena ..................
Liabilities
!
Total
I
i
i
92
11
324
62
11
696
873
64
59
27
87
45
1,005
114
I
35
862
118
92
26
115
44
108
122
2
up to and
including
one year 1*2
over one year
up to and
including
two years
over
two years
Undisbursed
credi t
conuni linenis
unaIlocated ^
Amounts outstanding, in millions of US dollars
1,022
»
9
223
130
9
1,844
549
no
150
8
78
109
2,794
59
-
127
2,806
74
6
290
449
2i
7
-
245
6
184
55
3
389
177
66
74
5
31
56
490
20
58
1
28
22
I
159
49
5
15
201
-
6
8
228
10
5
21
2
670
268
23
54
4
31
932
15
-
-
-
27
894
34
4
97
446
13
6
-
3
100
-
-
19
2
-
20
1 ,569
35
1
70
I
2
-
518
2
6
32
3
626
55
16
7
3
37
14
1,144
14
-
242
12
177
4
2
538
250
26
55
3
9
17
846
57
-
77
243
5
1
-
14fa
1 ,00 j
104
2
•>/
-
-
-
1
-
fa
fa
1
14
-
-
<] -
Asset s
Maturity distribution
Liabi1jt ies
Positions vis-a-vis
Total
up to and
including
one year^*^
over one year
up to and
including
two years
over
two years
Undisbursed
credi t
couuni tment s
unallocated^
Amounts outstanding, in millions of US dollars
Other Africa (could.)
Sudan .......................
Swaziland ...................
Tanzania ....................
Togo ........................
Tunisia .....................
Uganda ......................
Upper Volta ..................
Za ire ........................
Zambia ......................
Residual ....................
Other Asia ..................
Afghanistan .................
Bangladesh ..................
British Oceania .............
British Overseas Territories..
Brunei ......................
Burma .......................
China .........................................................................
t'iji ........................
French f'oJynesia............
India .......................
Indonesia ...................
235
42
156
73
406
64
18
663
296
1,0637
828
40
187
330
1,019
14
17
1,231
578
3
386
12
79
48
230
11
17
405
296
2
26,611
36,456
20,144
338
310
18
28
315
88
3,538
65
7
3,451
3,671
9
65
1
55
9
77
3,141
67
13
615
5,801
7
21
1
54
9
15
2,695
14
1
222
2,297
51
7
10
16
62
192
21
71
99
309
-
-
199
27
167
418
3
-
-
-
398
157
-
364
67
218
3
111
61
594
4
1
152
207
-
-
64
58
1
2 , ,j V6
10,917
2,869
17,073
1
8
I
12
24
20
96
1
—
—
-
1
—
-
12
7
4
-
106
532
49
289
6
12
274
2,452
_
_
—
1
150
43
-
13
520
—
3
86
2,642
39
3
451
2,250
7
-
-
Assets
Maturity distribution
I
Liabilities
Positions vis-a-vis
Total
\1
1
Other Asia (contd.)
Kampuchea ...................
Korea N ......... .............
Korea S. .....................
Laos ........................
Macao .......................
Malaysia .................. .
Maldives .....................
Nauru .......................
Nepal .......................
New Caledonia ...............
Pakistan ....................
Papua New Guinea ............
Stkkini/Bhutau ...............
Solomon Islands .............
Sri Lanka ...................
Taiwan ......................
Thailand ....................
Tonga .......... .............
US Trust Territory of the
Pacific Islands ............
Vietnam .....................
up to and
including
one year 1*2
over one year
up to and
including
two years
over
two years
unallocated
o
Undisbursed
credi t
.
commitments
Amounts outstanding, in millions of US dollars
1
1
1
1
t
1
i 25
207
1,938
5
45
2,617
8
1
6
70
710
186
1,671
310
2
269
4,519
1,775
5
88
89
1
607
9,392
3
2
1,857
4
31
-
1
193
5,369
2
2
665
4
5
-
273
78
2,882
10
4
2,243
3,033
661
136
5,666
182
1
5
3,642
3,874
-
525
-
-
48
723
-
-
119
-
-
3
-
-
420
130
43
279
-
23
-
23
22
321
-
149
531
I
-
-794
-
-
3Z-
217
2,769
-
64
36
2,133
1
1
910
589
-
282
301
330
172
—
69
122
-
163
22
4,593
-
I
526
—
-
3
I
434
60
2,685
_
122
1,950
958
-
9
100
- a -
Assets Maturity distribution
Liabilities
Positions vis-a-vis
up to and
including
one year 1 *2
Total
over one year
up to and
including
two years
over
two years
Uudisbursud
credi t
conuni twenty 1
unallocated ^
Amounts outstanding, in millions of US dollars
Other Asia (contd.)
Total ................. ......
1
235
3
U
1
6
216,754
320,611
141,159
1
2
4
28,529
118,852
-
-
-
18
32,071
102,051
- ‘J run
mkmokia
Asset s
Maturity distribution
Liabilities
Positions vis-a-vis
Total
up to and
inc luding
1 2
one year1*^
over one year
up to and
including
two years
over
two years
Undisbursed
credi t
conuni tments^
unallocated ^
Amounts outstanding, in millions of US dollars
Off-shore hanking centres ....
128,019
135,770
118,879
2,866
11,666
2,359
8,624
Bahamas .....................
Barbados ....................
Bahra in®.....................
Bermuda .....................
Cayiuan Islands ..............
42,357
133
4,438
5,924
26,826
10,402
4,658
1,788
50,735
136
4,508
2,011
20,011
14,960
859
7,177
48,988
113
4,217
1,200
19,161
12,915
747
1,799
442
4
20
154
210
375
18
567
723
16
96
526
488
1,415
39
4,388
582
3
175
131
152
255
55
423
305
8
86
920
1,029
2,550
335
593
4,736
235
11,909
14,241
358
14
3,896
452
16,051
14,895
78
1
2,929
330
12,418
13,995
66
1
159
31
738
148
-
621
89
2,609
654
2
187
2
286
98
10
494
238
1,142
913
11
Liberia .....................
Netherlands Overseas
Territories ................
New Hebrides ........ ........
1‘anaiua .............. ........
Singapore ...................
West Indies .................
I
- 10 1.
For che Italian banks no uiaCurity distribution of
external assets is available. Since the Italian banks are
in general not pennitced to lend ac long term, all their external assets have been included under the item
"up to <^nd including one year".
2.
For banks in France the only break-down available
The positions over one year have been included in
3.
Excluding undisbursed credit commitments of banks
affiliates, for which data are not available.
4.
Assets and liabilities vis-3-vis that country are not comparable since the liabilities figure excludes the
positions of banks in the United States and their foreign branches.
5.
Includes the liabilities of banks in the United States and their foreign branches vis-3-vis OPEC
including Bahrain (US $ 22,916 million).
6.
Includes the assets^of banks in the United States and their foreign branches vis-a-vis Bahrain.
7.
Includes the liabilities of banks in the United States and their foreign branches vis-i-vis OPEC
(US $ 456 million).
8.
See footnotes 5 and 6.
is for initial maturities up to one year and over oi\e year.
the unallocated item.
in Italy, the Netherlands and Switzerland and of their foreign
countries
countries
Annex
Technical note on the coverage of che data
Coverage
The cables give the aggregated external positions of banks located
in Group of Ten countries, Switzerland, Austria, Denmark and Ireland, and
of a number of their affiliates domiciled in other countries.
As regards claims, the figures for banks with head offices in che
United States are consolidated Co include che posicions of all cheir
foreign affiliaces.
For banks wich head offices in che other reporting
countries the figures' include the positions of affiliates located
in offshore banking centres^-.
The table shows the claims of the reporting
banks on individual countries, broken down (with the qualifications explained
in the footnotes) between claims with residual maturities of up co one year,
claims with residual maturities of between one and two years, and claims with
residual maturities of over two years.
For claims arising out of roll-over
credits the residual maturity is calculated on the basis of the latest dace
on which repayment is due to be made by the borrower.
In addition to the maturity distribution of their external claims,
the table also shows on a country-by-country basis the reporting banks'
undisbursed external credit commitments.
However, the number of banks repor
ting on this item is more limited as no data are as yet available for Italian,
Netherlands and Swiss banks and cheir affiliaces in offshore banking centres.
In the case of external liabilities, for which a maturity breakdown
is not available, the data for banks with head offices in Italy, and the
United Kingdom exclude the liabilities of affiliates in the offshore
banking centres.
Otherwise the coverage of che liability figures is broadly
che same as that of che daca on claims.
1
The Bahamas, Barbados, Bahrain, 3ermuda, Cayman Islands, Hong Kong, Lebanon,
Liberia, Necherlands Overseas Territories, New Hebrides, Panama, Singapore,
Virgin Islands, Other British West Indies.
-
II.
2
-
Limitations of the data
Apart from Chose which are related to cheir stacistical imperfections,
chere are a number of more general qualifications chat need co be borne in
mind when looking at chese data.
First, they concern only one aspect of
the international financial positions of the countries listed in the cable,
i.e. their gross and net indebtedness vis-i-vis the reporting banks, and
cannot therefore necessarily be used as a proxy for these countries' overall
external indebtedness.
Secondly, the reporting banks' external claims and liabilities are
not broken down between those which are on banks and those which are on non
banks.
However, it seems likely chat claims on banks in most of che countries
listed in the table largely represent funds that these banks onlend to cheir
domestic non-bank customers, with the possible exception of claims on banks
in certain higher-income developing countries which have been extending
export-related international loans on an increasing scale in recent years.
Thirdly, the category of claims with residual maturities of up to
and including one year contains, in addition to longer-term credits coming
to maturity within twelve months of the reporting date, a variety of short
term assets such as working balances with other banks and Crade bills.
large part of these short-term assets
is
A
of a generally stable character
and therefore less likely Co give rise Co refinancing problems.
Fourthly, in addition Co che reporting gaps already noted, che data
are less chan complete in two other respects:
not all banks that engage in
international lending from the reporting countries are included; nor, in
some cases, do the reports sent in by individual banks include all categories
of their external assets and liabilities.
III.
Differences in statistical coverage as compared with che figures in cable 7
of the BIS quarterly press release on ''International banking developments"
The following are che principal differences becween che new series
and Che data published in table 7 of the quarterly press release on interna
tional banking developments.
a. Scope, of the reporting area
This is broader than in the quarterly press release in the following
respects:
-
The figures include, besides the external claims and liabilities
of US branches in the Bahamas, the Cayman Islands, Hong Kong,
Panama and Singapore, those of all other foreign affiliates of
US banks throughout the world.
-
For the other reporting countries the figures include, with
certain exceptions on the liabilities side, as noted above, the
positions of the affiliates of their banks in offshore banking centres.
b. Country coverage
Unlike the quarterly press release the table shows the reporting
banks’ positions only vis-l-vis countries outside the reporting area and
vis-a-vis the offshore centres.
On the other hand, the quality of the
figures for claims on individual countries outside the reporting area has
been substantially improved as a result of the allocation to individual
countries of the fairly large residualy contained in table 7 or the quarterly
press release.
c. Number of reporting institutions
In some of the reporting countries the number of banks contributing
to the figures in the accompanying table is smaller than in the quarterly
press release and the categories of assets and liabilities included may be
more limited.
UANK K>H I N I i H N * I H J N A l S I I I l i M I N I S
Uuii«Ui| m il tiOiiu mn DaptilmaM
B A llt
INTERNAT IONAL BANKING
EXTERNAL 1‘OSITJONS OF COMMERCIAL BANKS IN GROUT OF TEN COUNTRIES, SWITZERLAND, AUSTRIA, DENMARK AND IRELAND
AND OF CERTAIN OF THEIR FOREIGN AFFILIATES: LIABILITIES, MATURITY DISTRIBUTION OF ASSETS, AMD UNDISBURSED CREDIT COMMITMENTS
eiid-Deceniber 1978, revised
Asset s
Maturity distribution
Liabi1it ies
Positions vis-a-vis
Total
up to and
including
one year 1.2
over one year
up to and
inc 1tiding
two years
over
two years
Und ishursed
v redi t
commitments
unallocated2
Amounts outstanding, in millions of US dollars
Developed
t he
t’Quiil ri es
Andorra
36,630
64,677
26,917
5,519
....................... .
4
5,462
269
5,526
27
5,481
356
1,892
16
753
1,351
9,11 I
3,162
8,099
ii, m
3,777
46
<>,148
3
2,364
82
2,580
433
41
43 7
....................
187
1,029
548
1,662
128
5,003
113
1,993
822
225
240
3,331
1,947
1,290
13,867
1,000
119
3,118
.......................
8
Anst raIi a
......................
Finland
........................
Ciliraltar
Greece
......................
........................
Iceland
.
........................
Li e clu ensl e iit
........................................
...........................
Monaco
New
area
.........................
Cyprus
Malta
outside
.........
r e p o r t iu»
.........................
Zealand
Norway
...................
..........................
Portugal
.......................
Souih
Airica
Spain
...........................
Turkey
..................
..........................
VaL i c a n
........................
Yii}'iis Iav i a
Residual
21
2,312
117
1,786
II
745
404
2,462
1,315
3,652
r», 147
2,655
16
I ,225
2
473
40
16
<i
126
640
106
I .025
I,183
122
(»<»*»
25,072
1
2,456
128
2,178
3
2,114
164
89
4
2
77‘i
4, 742
1 ,0‘>6
2 ,2‘J2
5,576
51*1
10
2 ,•»I')
7,169
209
18
331
I
582
35
I
I
42
I , 2 6 ')
645
I , I 10
I ,2 8 * 1
281
I , I f>
16,907
3
2,392
114
1 ,583
9
1,258
106
7
13
656
I ,*>45
I ,064
1,01 /
I ,'il4
87/
»
I , '1 4 6
Asset s
Maturity distribution
Liabilities
Positions vis-a-vis
Total
up to and
including
one yearl«2
over one year
up to and
including
two years
over
two years
Ilnd isbkirsed
e red it
1
conun! linent s
una1located
2
Amounts outstanding, in millions of US dollars
Kasliini Lurope ..............
10,738
47,586
20,639
Albania .....................
Bulgaria ....................
Czeduis ]ovak ia ..............
(annually ((JDK) ...............
Hungary .....................
Unmania .....................
Soviet Union ................
73
590
659
1,320
929
842
247
6,078
' 8
3,457
2,054
6,793
6,880
12,441
2,897
13,056
1
1,719
1,198
3,123
3,728
4,215
1,272
5,383
388
48
1 ,219
425
2,119
215
944
7
973
687
1,622
2,1 59
3,939
842
4,850
377
121
829
568
2,168
568
1,879
10
412
300
I,231
428
4,409
1 ,190
4,144
Latin America ...............
44,431
97,056
38,329
11 ,411
42,059
5,257
24,791
Argentina ...................
lie1ize ......................
IU) Ii via .....................
lira/ i 1 ......................
Chile .......................
Co 1oml) ia ....................
5,010
121
207
11,144
1,526
2,360
7,015
19
1,042
32,941
2,920
2,200
3,574
13
453
9,277
1,217
1 ,320
974
I
154
3,743
503
247
2,285
2
419
17,323
1,142
525
182
3
16
2,598
58
108
-
15,079
6,510
-
12,124
.......................
221
70 8
36 8
107
220
13
2,519
10
390
7,393
1,415
1 ,293
379
...............................
281
1 ,836
1 , 03 5
139
401
261
- 150
.............
105
311
46
149
1
...........................................................................................................................
806
507
2,613
1,294
27 9
959
81
82 1
175
478
J51
10
160
-
125
125
C o s t a !{i ea
Cuba
5,358
Dominican
1'l'll.lilol
Republic
l'.l S a l v a d o r
......................
l-'reneli G u y a n a
...................
35
-
82
-
-
153
2
r
-
3
-
Assets
Maturity distribution
Positions vis-a-vis
Liabilities
Total
up to and
including
1**
2
one year1
over one year
up to and
including
two years
over
two years
Undisbursed
credi t
commitments *
O
unallocated''
Amounts outstanding, in millions of US dollars
l.atin America (cunti!.)
Guadeloupe ...........
Guatemala ............
Guyana ...............
Haiti ................
Honduras .............
Jamaica ..............
Me x ico ...............
Nicaragua ............
Paraguay .............
I’eru .................
Surinam ..............
Trinidad and Tobago ...
Uruguay ..............
Venezuela ...........
Itesidual .............
5
807
71
41
122
92
6,488
405
337
953
166
997
603
9,868
1,520
254
14,048
714
248
75
3
209
155
7,365
370
85
1,696
12
84
142
7,640
707
67
24
1
60
74
3,096
91
10
411
12
30
1 ,307
-
76
33
8
145
257
11,604
182
59
1,210
25
159
66
4,725
3
4
23
1.206
3
2
258
2
13
16
376
4
231
18
5
197
95
4,651
109
84
518
13
241
333
3,596
13
23,644
1 .799
7,408
1 ,526
9,909
409
133
12
418
509
23,271
846
156
3,575
39
268
Mi ddIe Kaal ..........
78,453
34,377
Egypt ................
Iran^.................
Ira<| 4,................
Israel ...............
Jordan ..............
Knwa iI^..............
Libya*................
3,538
7,289
7,113
6,229
l
J<»9
5,134
2,13')
I.HI I
8,887
3 72
3,925
288
2,521
411
1.140
3,624
243
2,81 ‘i
*J7
2,1/7
3‘)7
82
710
23
261
24
67
~~
294
3,967
77
7 70
133
42
*)
18
1
-
2‘)'»
586
2‘)
/'»
34
IS
5
1, 18‘J
3,1 73
3 14
V»H
261)
48*.
<i‘i i
-
4
-
Asset s
Maturity distribution
c
Liabilities
I'osi lions
vi s-a -vi s
lliid i sb wr sc d
up to and
T ot al
i n cl ud in g
one y e ar ^» 2
ov er one year
red il
control linenl s
up to and
over
inet u d in g
two years
unallocated^
two years
A m ou nt s ou ts ta n d i n g ,
Mid dle Kasl
(conlil.)
233
384
205
634
609
3, 430
134
3,038
**i **...... j ....................
*
■ 1
Saudi Ar ab i a ...................
16,544
.Syria ............................
Uni li-d Ar a b Lini r a l e s * ..........
723
266
159
2, 189
4,584
88
2,592
12
10
6, 789
6 ,7 38
Yemen ............................
Yemen l'.l). Kepuh 1 it: ...........
Oilier A fr i c a
1,341
174
2 4 , I545
67
25
80
358
115
135
364
1,063
2
103
245
442
1,417
133
1,066
5
9
2
118
13
36
2
35
293
3
71
-
-
11 ,550
2 3,069
6,631
1,728
8,125
6,585
8,147
2,291
422
7,641
121
1 ,330
677
3,559
2,075
.....................
14
25
63
3,347
88
...........
-
3
14
11
31
3
77
-
1
70
275
-
184
_
21
5
I(nl sw.ina/l.esul In) ..............
77
75
Burundi .........................
C.iiirm m m ........................
66
2
I
146
461
9 J
23
14
9
5
2
24
16
2
-
24
85
38
13
-
225
98
Ill'll ill 1'. 1). Kupub 1ic
Verde
Islands
............
Central African I'-inpi io .......
Chad .............................
C ong o
11
92
197
2
19
2
JO
Cape
101
...................
• 4
An go la
in m i l l i o n s of US d o ll ar s
............................
87
I
1
On iue,i .............
7
r:i hi upi a ........................
203
2
23
2
18
Kqn.iLoii.il
-
2
14
9
-
-
25
22
7
-
-
I
21
98
-
-
-
-
9
5
17
As se tS
Maturity distribution
l.iahi lilies
1’osi t ions vis -a-v is
Tckal
up to and
i n clu di ng
one year !»2
over one year
Ulrica
over
inc ludi ng
two years
two years
Ghana
.................
222
55
Iv or y (.‘o a s t
.........
6
.......... .
663
792
...................
Madagascar
Malawi
.............
..................
Ma I i ................... .
Mauriiania
Mauritius
Morocco
.............
..............
................
M o z a m b i q u e .............
N a m i b i a .................
N ige r ...................
Nige ri a '* .................
Klioilcsia
Kwauda
Silo
20
................. .
(hi inea-lii s s a u
Kenya
150
............. .
iiu itiea
Senegal
...............
..................
Tome
and
Sitrna
Somalia
l'rinci|ie
............
S e y d i e I Ie:;
.............
l.eone
unallocated^
in m i l l i o n s of US d o lla rs
(contd.)
(ial)ua^.............
(iambi a
couuni tmenl s
up to and
A m o u n t s o u t s ta n d i n g ,
Other
Dudi shut sed
cred i t
..........
.................
74
74
23
77
44
992
113
1
31
712
104
87
13
I0‘)
Ii)
'V>
111
1,046
7
366
95
9
1,728
466
35
144
8
93
88
2,604
52
3
300
2,281
65
10
_><>()
182
4‘)
III
230
4
324
49
3
435
160
21
61
2
28
47
461
11
3
209
818
II
6
100
180
21
*)
72
1
23
1
1
149
45
21
2
14
10
229
8
6
68
22
1
“
2 33
13
22
2
577
197
5
58
9
22
839
20
28
1,142
4
4*i
-
511
2
6
23
3
567
64
9
4
4
42
9
1 ,075
13
-
1 19
12
154
7
1
429
144
62
42
1
3
20
6J 1
32
-
57
2‘»1
30
4
-
I(i
11
1
43
1 ,()'> I
1
(.
H'»
1
8
*1
"
>
I
-
ft -
AssiM s
Maturity
vis-a-vis
l l u d i ;;I> iii scd
c red i t
l.iahi I i l ies
I ' o s i 1 1 ouu
distrihution
Total
up to and
including
one year 1.2
ovtr one year
up t<i and
inc luding
two years
c o iiu u i t nut ii I s
over
two years
ima 1local cil
Amounts outstanding, in millions of US dollars
Ol l i r i
Aliica
(could.)
Sudan
............................................................
Sw.17, i I ;11111 .................................................
T .w i/.a n ia
•
...................................................
.....................
I'un i s i a
......................................................
...................
Uganda
U pper
Volta
/ . a i i i*
....................
/a m liia
.........................................................
Iw‘ :, i d u a I
i)l I n ; r
...........................................
...................................................
Asia
AI g lia n i
1 ail
l i a u g l a d i ’ sli
llru iH 'i
Hii im a
C h in a
178
22
61
73
294
3
409
125
196
27
146
442
5
373
68
I
224
21
113
91
557
4
2
233
255
5
2,511
9,801
2 ,848
13,982
2
23
18
46
2
16,209
...........................................
JO7
196
9
5/
182
54
2,440
129
8
3,01 J
10
60
7
24
..............................................
...............................
Tc r r i t o r i c s
.........................................................
............................................................
............................................................
..............................................................
I
I i I'u I yiii'.s i a
I lid i a
60
2
9
17
72
92
67
2
31,371
O v n s i-iis
.............................
............................................................
11lilt>iit*s i a
491
18
95
54
204
11
56
412
256
7
2 5,1 16
Ki j i
i i ik
925
42
192
290
1,012
16
60
I,286
516
10
..............................................
Iii i i i sli ( I c e . i n i a
Iliilisli
252
40
, 137
89
541
60
16
600
208
1,5 34 7
................................................
1,019
-
25
18
57
992
11
11
717
5,81')
22
38
5
780
13
320
1,930
-
1
7
6
10
5
5
11
89
595
I
-
3
-
-
-
-
40
26
‘J
-
292
2, 705
2
ltd
4
-
16
53‘J
1
52
I,224
5
>
till
I,456
I
I
Assets
Maturity distribution
Liabilities
Positions vis-a-vis
up to and
including
one year 2
Total
over one year
up to and
including
two years
over
two years
Undisbursed
credi t
commitments 1
,,
.2
unallocated
Amounts outstanding, in millions of US dollars
1
Oilier Asia (contd.)
Kampuchea ...................
Korea S ......................
Laos ........................
Macao .......................
Malaysia ....................
Maldives ....................
Mongolia ....................
Nauru .......................
Nepal .......................
New Caledonia ...............
Pakistan ....................
Papua New Guinea ............
Philippines .................
Portuguese Timor ............
Sikkim/Bhutan ...............
Solomon Islands .............
Sri l.anka ...................
Taiwan ......................
Thailand ....................
Tonga .......................
IJS Trust Territory of Ilie
Pacific Islands ............
5,057
1,030
5
625
7,543
2
1
1,901
5
7
1
574
129
5,016
2
181
1
28
4,175
2,81 7
-
184
45
2,505
5
26
2,644
2,113
-
108
1
3
1
22
316
2,387
8
37
2,066
7
4
59
782
,
132
2,292
295
-
244
.
-
-
213
4,321
1
1
858
5
3
I
51
523
85
2
54
25
331
2
567
114
—
209
2,161
755
2
76
57
1,803
883
455
-
152
538
1
203
260
2
377
176
1
2
81
1 15
“
4
3,578
22
5
609
27
2
11
323
72
3,062
6
-
80
1 ,812
84 3
8
- a -
J
-
y
-
I'M) MKMOKIA
Assets
Maturity distribution
Liabilities
1'nsitions vis-a-vis
Total
up to and
includinu
%2
one year ’
over one year
up to and
includi ng
two years
over
two years
llndi shorsed
ered it
conuni tments *
una11oca ted ^
Ailunints outstanding, in millions of US dollars
Ol l'-shore banking cen ires ....
Barbados ...................
iialirain** ...................
iieriiiuda ....................
Cayman Islands .............
Hong Kong ..................
Lebanon ....................
Liberia ....................
Wei he r1ands Overseas
Territories ...............
Hew Hebrides ...............
1anama .....................
We si. Indites ................
Kesi dual ...................
107,233
133,220
117,840
2,433
10,903
2,044
6,886
31,370
85
4,073
5,427
22,243
10,748
4,497
1,700
52,245
47
4,228
2,089
20,970
13,555
760
7,015
50,956
20
3,970
1,402
20,024
11,922
646
1,552
379
5
16
105
166
305
15
666
618
20
73
449
614
1,108
49
4,377
292
2
169
133
166
220
50
420
44 3
13
72
73 5
178
2,250
297
443
3,673
96
11,199
11,838
184
100
2,830
ill
15,478
13,611
71
8
1,825
219
12,165
13,072
59
8
109
19
559
88
1
696
71
2,462
362
200
2
292
89
500
165
8 19
945
4
9
6
- 10 -
1.
For ilit* llaliait liiinks no maturity distribution of
in general not permitted to lend at long term, a U
"up to and including one year".
external assets is available. Since the Kalian banks aru
their external assets have been included under the item
2.
For banks in France the only break-down available
The positions over one year have been included in
is for initial maturities up to one year and over one year.
the unallocated item.
i.
Excluding undisbursed credit commitments of banks
affiliates, for which data are not available.
4.
Assets and liabilities vis-a-vis that country are not comparable since the liabilities figure excludes the
positions of banks in the United States and their foreign branches.
5.
Includes the liabilities of banks in the United States and their foreign branches vis-a-vis OPEC
including Bahrain (US $ 24,148 million).
6.
Includes the assets of banks in the United States and their foreign branches vis-a-vis Bahrain.
7.
Includes the liabilities of banks in the United States and their foreign branches vis-a-vis OPEC
(US $ 966 mi 11 ion).
8.
See footnotes 5 and 6.
in Italy, the Netherlands and Switzerland and of their foreign
countries
countries
@FedFRASER