Full text of E.16 Country Exposure Lending Survey : June 21, 1979

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FEDERAL
p res s

RESERVE

release
June 2 1 , 1979

COUNTRY EXPOSURE LENDING SURVEY,
The results of a survey of foreign lending by large United States
banks as of December 31, 1978, were made public today by the Office of the
Comptroller of the Currency, the Federal Deposit Insurance Corporation, and
the Federal Reserve Boardo

The data cover claims on foreign residents held

by all domestic and foreign offices of 129 U.S. banking organizations with
significant foreign banking operationso
The results indicate that cross-border and nonlocal currency
claims increased moderately in 1978 rising 12 percent from $194 billion
to $217 billiono

Most of the growth represented increased claims^ on banks,

which are largely related to money market activities.

Cross-border and

cross-currency lending to public and private nonbank borrowers increased
by only $2 billion during the year. In addition, the survey indicates that
local currency lending to local borrowers by foreign offices of U.S. banks
increased $9 billion in 1978 to a total of $58 billion,,

Most of the increase

in both types of lending occurred in the second half of the yearo

Types of Loans
The survey concentrated on data involving lending from a bank's
offices in one country to residents of another country
currency other than that of the borrowers©

or lending in a

These are known as cross-border

and cross-currency loans.
Cross-border and cross-currency loans are those most closely associated with country risk.




As shown in Table I, such claims totaled $217

-2-

billion at year-end 1978, Claims on residents of Switzerland and the Group
of Ten (G-10) developed countries represent 42 per cent of this total. Another
21 per cent represents claims on residents of "other developed countries11 and
"offshore banking centers.11—'

Claims on residents of developing countries

that are not oil exporters amount to 24 percent0
In addition, the banks reported $58 billion in local currency claims
that were held by their foreign offices 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. banko

To a large

extent, these local currency claims were matched by $48 billion in local
currency liabilities due local residents.

Maturities
More than two-thirds of the reported cross-border and cross-country
claims had a maturity of 1 year or less.
a maturity in excess of 5 years.

Only $16 billion in claims had

Short-term claims are especially prom-

inent in the G-10 countries and the offshore banking centers where a large
volume of interbank lending takes place.

Such placements of deposits are

usually for very short periods.
For most other groups of countries, short-term claims accounted
for slightly less than half of the total claims, although the proportion
varied among countries.
Type of Borrower
Business with other banks accounted

1/ Countries where multinational banks conduct a large international money
market business*




-3for the largest amount, equaling $116 billion.

Most of the claims on banks

were on those located in the G-10 countries and the offshore banking centers.
Private nonbank sector lending totaled
sector amounted to $39 billion.

This

$62 billion, and loans to the public
last

category includes foreign central

governments, their political subdivisions and agencies, foreign central banks,
and commercial nonbank enterprises owned by government.

The distribution by

type of borrower varied significantly from country to country.

Guarantees
Table II provides information on the cross-border and cross-currency
claims that are guaranteed by residents of another countryo

Claims are real-

located from the country of residence of the borrower to another country in
two 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 officeo

Since a branch is legally a part of the parent, claims

on a branch are treated as being guaranteed by the head officeo

Second, claims

on a borrower in one country which are formally guaranteed by a resident of
another country are allocated to the latter countryo

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
IIo

Most of the shifts are accounted for by the transfer of claims on branches

(and, where guaranteed, subsidiaries) of banks to their head offices ($41 billion
out of $53 billion)o

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 $26 billion to $7 billion




-4-

and claims on the United Kingdom decreased from $35 billion to $16 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 $196 billion or $21 billion less than the total for
claims by country of borrower.

This results from U.S. residents guaranteeing

about $26 billion in claims on foreign residents and foreigners guaranteeing
about $5 billion in claims on U.S. residents.

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

The banks were asked to report only those contingent claims where

the bank had a legal obligation to provide funds. As shown in Table III,
the amounts reported total $60 billion, 73 per cent of that total being on
the private sector, including bankso

Table III also adjusts these commit-

ments for guarantees in the same manner as Table II does for claims.




PAGE I

TABLE I CROSS-BORDER AND NON-LOCAL CURRENCY CLAIMS B RESIDENCE OF BORROWER: DECEMBER 1978
Y
( I N MILLIONS OF DOLLARS)
CLAIMS ON:
PUBLIC
BORROWERS

OTHER
PRIVATE

—MATURITY
ONE YEAR
AND UNDER

85.2
1232.3
971.3
157.3
1681.1
114.2
10.6
315.8
48.2
1667.3
6283.6

468.7
1418.0
1045.4
2812.0
792.2
5416.9
827.6
868.7
940.5
7031.0
21621.4

6374.0
4676.7
7125.5
4263.7
3875.7
11799.7
3115.0
1259.3
2895.4
29055.3
74440.7

261.9
938.7
1447.2
930.0
1639.7
2396.3
396.3
621.6
181.4
4526.6
13340.0

57.8
843.2
575.9
80.0
227.9
310.1
100.4
314.7
52.9
1698.1
4261.6

391.9
958.3
764.7
434.5
322.6
12.5
94.5
14.9
242.9
427.1
377.3
1164.8
991.9
48.3
6246.9

127.8
80.6
526.9
406.7
607.9
81.8
339.5
62.0
166.0
102.9
775. e
766.4
432.6
33.0
4510.2

1077.7
83.0
890.5
522.3
988.1
34.9
275.0
218.9
1790.1
64.3
850.8
1547.7
158.0
146.1
8647.9

709.2
995.3
1145.5
603.8
803.4
29.7
291.9
107.1
737.9
477.0
1194.1
1696.3
1224.3
122.0
10138.?

602.2
79.1
832.0
545.3
844.7
69.5
291.4
148.2
931.9
72.4
72 5.0
1494.4
312.3
92.3
7041.3

285.1
47.6
204.5
214.4
270.4
30.0
127.1
40.7
529.1
44.8
85.0
287.0
46.0
11.1
2223.3

590.6
172.9
1151.0
827.1
1315.2
323.3
1185.8
1629.8
7196.0

370.6
151.0
696.8
243.7
670.8
172.5
747.3
763.7
3816.7

178.1
16.5
363.2
577.4
440.9
134.8
363.3
234.6
2309.1

42.0

302.6
126.4
551.G
381.7
498.7
220.3
475.4
505.7
3062.2

264.1
44.5
580.1
376.8
735.3
92.0
618.1
972.1
3683.2

23.9

1829.9
1560.5
224.6
2215.4
2625.6
155.4
779.1
13 8.7
618.5
175.8

427.8
251.9

liil.O
696.9
206.8
921.6
944.9
37.5

434.2
834.4
51.7
959.5
1241.1
123.8
723.6
138.7
220.1
28.2

1081.4
497.7
154.1
915.4
1104.8
31.6
55.2

TOTAL
CLAIMS

BANKS

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

6693.8
6458.8
9148.6
5274.0
5744.8
14507.2
3611.8
2195.4
3129.9
35280.0
92044.9

6139.7
3808.5
7131.9
2304.6
3271.3
8976.0
2773.4
1010.9
2141.7
26581.7
64140.1

NON G-10 DEVELOPED COUNTRIES
AUSTRALIA
AUSTRIA
OENMARK
FINLAND
GREECE
ICELAND
IRELAND, REPUBLIC OF
NEW ZEALAND
NORWAY
PORTUGAL
SOUTH AFRICA
SPAIN
TURKEY
OTHER
TOTALS

1597.5
1122.0
2182.1
1363.7
1918.7
129.2
709.0
296.1
2199.0
594.4
2304.1
3478.2
1582.6
227.4
19404.5

EASTERN EUROPE
BULGARIA
CZECHOSLOVAKIA
GERMAN DEMOCRATIC REPUBLIC
HUNGARY
POLAND
ROMANIA
U.S.S.R.
YUGOSLAVIA
TOTALS
OIL EXPORTING
ALGERIA
ECUADOR
GABON
INDONESIA
IRAN
IRAQ
KUWAIT
LIBYA
NIGERIA
QATAR

COUNTRY




5.4

90.9
6.0

203.4
15.9
75.0
631.5
1070.3

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

2.0

18.2
66.4
81.1
11.0
92.1
152.0
447.0

COUNTRIES
3.6

369.8
1276.3
35.9
599.0
133.5
174.1
12.3

1.8
5.0

357.7
112.4

290.9
611.7
14.2
924.0
404.3
82.0
178.3
.2

86.6
51.2

314.2
228.2
18.8
340.5
279.5
.0

•3

.0

.0

282.7
87.9

115.6
59.7

TABLE

I CROSS-BORDER

AND NON-LOCAL CURRENCY CLAIMS

BY RESIDENCE

OF BORROWER:

DECEMBER 1978

PAGE 2

(IN MILLIONS OF DOLLARS)

COUNTRY
H I L EXPORTING COUNTRIES
SAUDI ARABIA
UNITED ARAB EMIRATES
VENEZUELA
TOTALS

TOTAL
CLAIMS

917.5
1276.9
7528.9
20047.3

NON-OIL EXP DEV COUNTRIES-LATIN AM £ CARIBBEAN
2752.5
ARGENTINA
590.1
BOLIVIA
13438.1
BRAZIL
1527.0
CHILE
1497.2
COLOMBIA
432.8
COSTA RICA
386.2
DOMINICAN REPUBLIC
316.7
EL SALVADOR
241.4
GUATEMALA
312.5
HONDURAS
229.3
JAMAICA
10657.3
MEXICO
571.7
NICARAGUA
84.8
PARAGUAY
1664.7
PERU
87.2
TRINIDAD AND TOBAGO
150.8
URUGUAY
590.0
OTHEP
35531.2
TOTALS
NON-OIL EXP DEV COUNTRIES-ASIA
C H I N A , REPUBLIC OF TAIWAN
INDIA
ISRAEL
JORDAN
KOREA, SOUTH
MALAYSIA
PAKISTAN
PHILIPPINES
SYRIA
THAILAND
OTHER
TOTALS
NON-OIL EXP DEV COUNTRIES-AFRICA
CAMEROON
EGYPT
GHANA
IVORY COAST
KENYA
MALAWI
MOROCO
SENEGAL
SUDAN

TUNISIA



3315.8
265.8
1096.5
140.0
3802.3
537.1
106.0
2852.6
6.9

1235.9
388.1
13747.3
62.1
565.1
65.1
418.9
59.0
77.3
597.7
66.4
196.1
203.7

3ANKS

CLAIMS ON:
PUBLIC
BORROWERS

OTHFR
PRIVATE

—MATURITY
ONE YEAR
AND UNDER

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

363.0
474.3
1338.1
5459.9

47.6
533.0
3220.6
8197.1

506.9
269.6
2970.4
6390.6

796.1
794.7
5102.4
11449.0

107.4
376.5
1966.0
6661.2

690.3
83.4
4909.3
548.6
513.4
47.1
66.1
75.5

1021.0
^14.7
5419.0
427.8
500.6
224.9
89.5
176.8
208.0
155.3
42.6
3681.0
132.0
27.9
227.9

20.5
539.2
10883.8

1041.2
291.9
3109.7
550.4
48 3.1
160.5
230.5
64.4
27.1
95.6
169.6
4418.7
231.3
42.7
921.0
75.1
51.2
30.8
11995.6

78.9
19.9
12651.5

1479.4
303.8
4719.3
727.3
1023.6
245.5
248.4
239.1
128.8
171.9
83.4
4500.7
419.?
42.9
988.2
47.1
99.6
561.2
16030.1

1085.6
2 54.4
6728.4
690.3
403.2
151.?
108.8
51.6
109.0
108.1
128.2
4615.1
129.5
16.2
576.7
32.6
37.5
25.2
15252.3

1282.7
81.2
794.2
14.9
2032.7
92.1
*4.9
927.2

866.9
82.5
1^4.7
108.2
508.3
292.0
29.3
609.9

1166.2
101.6
147.4
16.9
1261.1
152.9
31.8
1315.2

2339.8
129.5
895.6
30.7
2782.9
208.0
58.6
1837.5

877.2
114.3
172.2
70.9
824.5
152.2
47.1
663.4

6.4

61.5
17.1
2557.3
208.3
14.2
515.8
9.0

1.7

.0

856.3
110.4
6238.7

155.4
89.1
2896.6

4.2

390.5
1.6

42.7
1.0
9.4

84.4
1.1

30.0
10.6

54.9
107.8
48.5
315.5
30.7
64.7
475.5
58.1
153.6
171.5

3.1

5.2

224.1
183*6
4611.3
3.0

66.6
15.1
60.5
27.3
3.2

37.7
7.2

12.4
21.6

3.9

9.9

106.7
460.4
1934.1
187.5
31.8
1990.3
109.4
70.2
35.9
28.9
25.9
3.7

32.4
17.6
1541.4
23.0
25.7
97.7
7.4

13.7
3.6

4246.4
98.4
22.0
28.6
38.3
194.9
176.9
.3

351.6

3.0

.0

1023.7
201.8
9512.3

149.3
171.3
3245.7

60.8
15.2
987.2

11.3
470.1
52.0
140.7
28.2
34. 5
138.4
17.0
120.5
41.5

46.7
82. <
*
3.0
241.5
29.2
37.3
395.6
45.9
68.3
136.9

4.1

12.0
10.1
36.5
1.6
5.5

63.8
3.5
7.2

25.2

PAGE 3

TABLE I CROSS-BORDER AND NON-LOCAL CURRENCY CLAIMS BY RESIDENCE OF BORROWER: DECEMBER 1978
( I N MILLIONS OF DOLLARS)

COUNTRY
NON-OIL EXP DEV COUNTRIES-AFRICA
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
242.6
140.7
230.0
2925.1
9012.2
1208.3
556.3
4446.3
2396.5
119.6
2217.1

BANKS

CLAIMS O N : —
OTHER
PUBLIC
BORROWERS PRIVATE

3.7

10.5
51.4
641.2
8524.3
1102.9
15.1

4396.1
1031.3
47.1
23.6

.9

.9

401.7
2885.7
2766.9
26011.8

78.4
1504.5
2282.2
19006.7

3.5
2.4

113.1
196.9
25.8
•0
91.1
432.8
217341.3

•0

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

16.6
65.8
343.5

112.6
97.7
146.2
1411.1

92.8
40.8
66.4
1287.6

467.6
97.4
538.2
45.8
1325.7
39.4
71.5
1.0
83.7 " 2109.8

8547.2
1157.5
399.2
4396.3
1712.8
90.5
541.2

185.1
15.9
103.5
47.9
513.7
29.1
1107.7

232.7
113.6
112.7
1940.3

6.3

21.3
8.0
3.0
4.2

.0
1.4

286.8
90.9
539.9

.0

.9

.0

321.9
1094.4
393.5
6466.1

236.5
2053.4
2588.3
21724.2

154.5
602.8
115.1
2875.5

1.3
.0

.0
.0
.0
.0
.0

.0

.0
.0
.0
.0
.0
.0

91.1
432.8

.0

57.8

116434.3

39105.5

61803.1

147825.9

.0

•0

3.5
2.4

113.1
196.9
25.8

•0

46.2
8.3
1.3

•0
.7

1.2
1.4
65.6
137.6
19.7
•0
17.3
242.8
53630.0

36.2
.3

17.3
223.4
281.2
35.0
53.5
2.0

169.9
.0

568.2
•0
10.7
229.2
63.4
1413.2
1.0
1.0
1.3

51.0
4.9
.0

73.1
132.3
15868.8

PAGE 1
TABLE I I CROSS-BORDER AND NON-LOCAL CURRENCY CLAIMS ON FOREIGNERS BY COUNTRY OF GURARANTOR: DECEMBER 1978
( I N MILLIONS OF DOLLARS)

CLAIMS
TOTAL CLAIMS
(BY RESIDENCE)

COUNTRY

CLAIMS ON RESIDENTS
OF OTHER COUNTRIES

GUARANTEED

B RESIDENTS OF
Y
OTHER COUNTRIES
ON BANKS ON OTHERS

TOTAL CLAIMS
LESS GUARANTEED
CLAIMS

GUARANTEED BY RESIDENTS
OF THIS COUNTRY
ON BANKS
ON OTHERS

TOTAL CLAIMS
BY COUNTRY OF
GUARANTOR

G-10 AND SWITZERLAND
BELGIUM-LUXEMBOURG
CANADA
FRANCE
GERMANY, FEDERAL REPUBLIC OF
ITALY
JAPAN
NETHERLANDS
SWEDEN
SWITZERLAND
UNITED KINGDOM
TOTALS

6693.8
6458.8
9148.6
5274.0
5744.8
14507.2
3611.8
2195.4
3129.9
35280.0
92044.9

2059.1
339.0
1179.2
. 438.4
192.0
542.9
230.8
17.0
213.9
17280.9
22493.5

257.4
330. 3
139.1
360.2
200.8
174.2
219.7
66.1
260.4
1569.2
3578.2

4377.2
5789.0
7830.3
4475.3
5351.9
13790.1
3161.2
2112.3
2655.5
16429.8
65973.1

262.0
3604.6
2659.4
3545.9
645.3
4894.3
726.9
174.1
1587.8
1079.9
19180.7

389.6
517.4
766.4
831.0
265.0
1429.8
261.2
175.0
443.4
774.9
5854.1

5028.9
9911.1
11256.2
8852.2
6262.3
20114.3
4149.5
2461.5
4686.8
18284.6
91008.0

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

1597.5
1122.0
2182.1
1363.7
1918.7
129.2
709.0
296.1
2199.0
594.4
2004.1
3478.2
1582.6
227.4
19404.5

5.2
17.3
1.0
.0
96.1
•0
14.0
.0
6.0
4.0
22.6
30.0
81.8
43.0
321.0

80.7
15.5
62.7
40.8
112.6
21.4
85.2
36.3
179.3
37^9
91.'4
138.6
51.4
51.6
1005.9

1511.4
1089.1
2118.4
1322.9
1709.9
107.8
609.8
259.8
2013.6
552.5
1890.0
3309.5
1449.3
132.7
18077.4

429.3
27.7
212.8
121.9
10.0
.0
117.3
39.5
58.9
36.5
40.5
473.9
2.0
•0
1570.4

72.1
49.2
56.5
30.7
127.3
•0
41.9
2.0
69.0
5.5
24.7
10.6
22.2
18.6
530.7

2012.9
1166.1
2387.7
1475.5
1847.2
107.8
769.0
301.3
2141.6
594.5
1955.3
3794.1
1473.6
151.3
20178.6

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

590.6
172.9
1151.0
827.1
1315.2
323.3
1185.8
1629.8
7196.0

4.2
.C
10.0
1.0
83.7
35.9
106.0
5.5
246.3

•0
.0
.0
.0
33.9
1.6
11.0
167.4
213.9

586.4
172.9
1141.0
826.1
1197.6
285.8
1068.8
1456.9
6735.7

4.5
18.0
213.0
10.8
13.8
4.3
193.0
27.0
484.4

•0
5.0
8.9
•0
5.0
.0
4.0
26.5
49.4

590.9
195.9
1362.9
836.9
1216.4
290.1
1265.8
1510.5
7269.6

OIL EXPORTING
ALGERIA
ECUADOR
GABON
INDONESIA
IRAN
IRAQ
KUWAIT

1829.9
1560.5
224.6
2215.4
2625.6
155.4
779.1

5.7
10.2
•0
8.6
34.9
.0
.0

232.1
34.1
14.7
309.1
44.0
.0
9.5

1592.1
1516.1
209.9
1897.6
2546.7
155.4
769.6

8.0
1.8
.0
55.8
206.8
1.0
27.0

17.9
2.3
•2
31.1
13.0
.0
39.9

1618.0
1520.3
210.1
1984.6
2766.6
15$.4
836.5




COUNTRIES

PAGE 2
TABLE I I CROSS-BORDER AND NON-LOCAL CURRENCY CLAIMS ON FOREIGNERS BY COUNTRY OF GURARANTQR: DECEMBER 1 9 7 8

(IN MILLIONS OF DOLLARS)
CLAIMS ON RESIDENTS
OF OTHER COUNTRIES

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

TOTAL CLAIMS
(BY RESIDENCE)
138.7
618.5
175*8
917.5
1276.9
7528.9
20047.3

NON-OIL EXP DEV COUNTRIES-LATIN AM 6 CARIBBEAN
ARGENTINA
2752.5
BOLIVIA
590.1
BRAZIL
13438.1
CHILE
1527.b
COLOMBIA
1497.2
432.8
COSTA RICA
DOMINICAN REPUBLIC
386.2
EL SALVADOR
316.7
GUATEMALA
241.4
HONDURAS
312.5
JAMAICA
229.3
MEXICO
10657.3
NICARAGUA
571.7
PARAGUAY
84.8
PERU
1664.7
TRINIDAD AND TOBAGO
87.2
URUGUAY
150.8
OTHER
590.0
TOTALS
35531.2
NON-OIL EXP DEV COUNTRIES-ASIA
CHINA, REPUBLIC OF TAIWAN
INDIA
ISRAEL
JORDAN
KOREA, SOUTH
MALAYSIA
PAKISTAN
PHILIPPINES
SYRIA
THAILAND
OTHER
TOTALS
NON-OIL EXP DEV COUNTRIES-AFRICA
CAMEROON
EGYPT
GHANA
IVORY COAST




3315.8
265.8
1096.5
140.0
3802.3
537.1
106.0
2852.6
6.9

1235.9
388.1
13747.3
62.1
565.1
65.1
418.9

BY RESIDENTS OF
OTHER COUNTRIES
ON BANKS iON OTHERS
.0
1.3
6.2

92.0
113.8
44.1
317.0
41.5
6.1

255.3
19.7
56.6
3.0
1.0
1.2
.0
5.6
3.0

146.1
6.8

10.6
48.1
.0
.9

565.4
1171.2
73.4
.0

24.9
1.5

165.2
1.0

10.4
133.9
•0
21.2
18.5
450.1
.0
7.1
.0
1.0

.0
9.0

16.9
39.1
48.7
261.5
1018.9
133.7
16.0
1161.4
46.9
22.5
40.5
1.3

12.1
26.6
15.5
11.5
416.0
12.4
36.6
79.5

i-i

3.4
5.4

2043.1
236.0
11.0
18.6
23.4
145.5
63.1
.0

133.6
.0

48.0
36.0
715.6
5.6

31.5
.0

14.3

TOTAL CLAIMS
LESS GUARANTEED
CLAIMS
138.7
608.2
152.7
786.2
1114.4
7223.2
18711.3

GUARANTEED BY RESIDENTS
OF THIS COUNTRY
ON OTHERS
ON BANKS
1.0
.1

12.0
6.5

57.0
14.0
391.1
66.8
•0
R07.1

15.5
5.0
4.0

79.0
25.2
33.4
266.7
11.9
•0
112.5
17.S

2577.1
567.9
12021.2
1460.4
1418.1
389.3
383.9
303.4
214.8
291.3
214.8
10095.1
552.5
37.6
1537.1
86.1
146.4
19.1
32316.8

.0

1.2
.4

1234.1

260.5

3006.4
254.8
1052.9
115.1
3491.5
472.9
95.6
2585.1

44.0
26.6
300.6
72.5
260.3
91.1
37.7
30.4

161.4

1.3

184.5

.0
1.0
2.0

8.2
2.6
5.0
1.3
2.9
3.0
6.0

151.5

86.3

.0
.0
9.8

.0

.0
.0

10.0

•0
•0

.5
.5

•0

8.0

19.8
•0
135.7
29.1
3.0

12.5

.0

1.9

1166.6
333.5
12581.6

95.2
20.4
978.9

13.8

56.5
526.4
65.1
403.5

•0
11.0
10.1

1.0

.0

.9

6.9

2.0

387.3
•0
•0

TOTAL CLAIMS
BY COUNTRY OF
GUARANTOR
155.2
613.3
168.7
871.8
1196.6
7270.7
19369.2
2655.9
567.9
12941.0
1479.5
1610.8
392.0
388.9
314.7
217.7
295.3
222.8
10332.9
553.0
37.6
1547.4
86.1
147.7
19.6
33811.5
3211.8
289.4
1373.3
187.6
3887.6
593.1
136.3
2628.0
8.8

1275.6
355.9
13948.0
56.5
538.4
75.2
404.5

PAGE 3
TABLE I I CROSS-BORDER AND NON-LOCAL CURRENCY CLAIMS ON FOREIGNERS BY COUNTRY OF GURARANTOR:
( I N MILLIONS OF OOLLARSI

COUNTRY
NON-OIL EXP DEV COUNTRIES-AFRICA
KENYA
MALAWI
MOROCO
SENEGAL
SUDAN
TUNISIA
ZAIRE
ZAMBIA
OTHER
TOTALS
OFFSHORE BANKING CENTERS
BAHAMAS
BAHRAIN
BERMUDA
B P I T I S H WEST I N D I E S
HONG KONG
LEBANON
LIBERIA
MACAO
NETHERLANDS ANTILLES
PANAMA
SINGAPORE
TOTALS
INTERNATIONAL G REGIONAL ORGANIZATIONS
AFRICAN REGIONAL
ASIAN REGIONAL
E. EUROPEAN REGIONAL
INTERNATIONAL
L A T I N AMERICAN REGIONAL
MIDDLE EASTERN REGIONAL
W. EUROPEAN REGIONAL
TOTALS
*•**
**

GRAND • * * *
TOTALS • *




TOTAL CLAIMS
(BY RESIDENCE)

CLAIMS GUARANTEED
BY RESIDENTS OF
OTHER COUNTRIES
ON BANKS ON OTHERS

TOTAL CLAIMS
LESS GUARANTEED
CLAIMS

DECEMBER 1 9 7 8

CLAIMS ON RESIDENTS
OF OTHER COUNTRIES
GUARANTEED BY RESIDENTS
OF T H I S COUNTRY
ON BANKS
ON OTHERS

TOTAL CLAIMS
BY COUNTRY OF
GUARANTOR

59.0
77.3
597.7
66.4
196.1
203.7
242.6
140.7
230.0
2925.1

.0
.0
•0
1.0
•4
•0
1.3
.0
3.9
14.7

10.2
•0
3.3
2.0
55.6
6.1
128.5
26.5
43.0
326.7

48.8
77.3
594.4
63.4
140.0
197.6
112.8
114.2
183.1
2583.6

.0
.0
7.0
.0
•0
•0
.0
•0
2.0
30.1

.0
•0
.0
•6
8.7
.5
.0
.0
•8
12.6

48.8
77.3
601.4
64.1
148.7
198.1
112.8
114.2
185.9
2626.4

9012.2
1208.3
556.3
4446.3
2396.5
119.6
2217.1
.9
401.7
2885.7
2766.9
26011.8

7479.5
976.3
4.2
3657.2
729.5
7.3
.7
.0
67.8
1205.1
1952.2
16080.0

52*3
5.0
332.2
14.5
192.2
11.1
1402.9
.0
255.4
553.0
74.4
2893.2

1480.3
227.0
219.9
774.6
1474.6
101.1
813.5
.9
78.5
1127.5
740.2
7038.6

31.3
•0
•0
1.0
94.6
1.6
•0
.0
5.0
40.6
33.5
207.7

26.9
•0
36.7
3.2
360.4
11.6
21.7
•0
•0
70.2
31.3
562.1

1538.6
?27.0
256.6
778.8
1929.8
114.3
835.2
.9
83.5
1238.4
805.1
7808.5

3.5
2.4
113.1
196.9
25.8
.0
91.1
432.8

•0
•0
.0
13.8
.0
.0
10.0
23.6

•0
•0
.0
.0
.0
•0
•0
•0

3.5
2.4
113,1
183.1
25.8
•0
81.1
409.0

•0
•0
•0
•0
•0
•0
7.0
7.0

1.5
.0
•0
•6
1.1
2.0
•0
5.2

5.0
2.4
113.1
183.7
26.9
2.0
88.1
421.2

217341.3

41117.9

11795.9

164427.4

24084.7

7929.1

196441.3

TABLE I I I

COMMITMENTS TO ADVANCE FUNDS
(BY COUNTRY OF RESIDENCE)
TO PUBLIC TO OTHER
BORROWERS
TOTAL
BORROWERS
G-10 AND SWITZERLAND
BELGIUM-LUXEMBOURG
CANADA
FRANCE
GERMANYt FEDERAL REPUBLIC OF
ITALY
JAPAN
NETHERLANDS
SWEDEN
SWITZERLAND
UNITED KINGDOM
TOTALS

PAGE 1

CROSS BORDER AND NON-LOCAL CURRENCY CONTINGENT CLAIMS: DECEMBER 1978
( I N MILLIONS OF DOLLARS)
COMMITMENTS
GUARANTEED
RESIDENTS OF
OTHER COUNTRIES

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

TOTAL COMM.
BY COUNTRY OF
GUARANTOR

733.1
1430*6
3357.6
2078-0
1055.9
3427.6
1065.8
1516.6
1693.1
5726.8
22085.6

45.6
834.5
844.4
109.6
263.6
75.2
128.5
159.4
174.6
463.1
3098.7

687.5
596.1
2513.1
1968.4
792.3
3352.4
937.3
1357.2
1518.5
5263.6
18986.9

136.4
17.8
82.2
124.2
113.6
209.6
105.1
40.1
135.7
801.7
1766.7

76.2
105.3
521.2
228.6
163.6
522.7
54.0
39.6
173.4
725.2
2610.1

672.9
1518.1
3796.6
2182.4
1106.0
3740.8
1014.7
1516.1
1730.8
5650.2
22929.1

NON G-10 DEVELOPED COUNTRIES
AUSTRALIA
AUSTRIA
DENMARK
FINLAND
GREECE
ICELAND
IRELAND, REPUBLIC OF
NEW ZEALAND
NORWAY
PORTUGAL
SOUTH AFRICA
SPAIN
TURKEY
OTHER
TOTALS

1138.0
277.0
674.4
712.8
734.1
33.8
231.0
177.3
807.1
417.6
284.2
720.7
436.7
219.4
6864.5

179.7
64.0
267.1
338.6
220.5
19.3
66.4
61.3
221.9
55.1
44.8
174.8
197.7
36.6
1948.1

958.3
213.0
407.2
374.2
513.5
14.5
164.6
115.9
585.1
362.5
239.4
545.8
239.0
182.8
4916.3

83.7
16.0
10.6
2.3
74.3
.0
58.1
2.3
57.2
8.8
28.2
43.8
34.2
20.6
440. 3

54.1
54.1
16.0
5.5
2.6
.0
7.1
5.0
4.6
8.0
4.3
6.9
.0
.8
169.2

1108.4
315.1
679.7
716.0
662.4
33.8
180.0
180.1
754.5
416.8
260.3
683.8
402.5
199.6
6593.3

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

79.2
67.0
118.9
81.6
963.9
206.2
316.1
586.3
2419.4

27.4
8.0
35.5
72.1
568.0
103.2
46.4
43.0
903.8

51.8
59.0
83.4
9.5
395.8
103.0
269.7
543.2
1515.6

.6
.0
.0
25.0
526.6
11.6
32.2
60.4
656.5

.0
.0

78.6
67.0
121.1
61.6
437.8
194.6
285.6
527.4
1774.0

552.5
496.6
16.2
659.1
789.6
243.2
302.4
276.7

296.5
253.1
11.6
333.9
222.0
105.0
23.0
59.8

255;9
238.5
4.6
325.2
567.5
138.2
279.4
216.9

44.2
9.4
6.9
74.1
79.1
.3
5.0
.7

OIL EXPORTING COUNTRIES
ALGERIA
ECUADOR
GABON
INDONESIA
IRAN
IRAQ
KUWAIT
LIBYA




2.2
5.0
.6
.0
1.7
1.5
11.1

4.2
.1
.0
18.2
3.2
.0
13.2
3.0

512.5
487.3
9.3
603.2
713.7
242.9
310.6
279.0

TABLE III CROSS 9ORDER AND NON-LOCAL CURRENCY CONTINGENT CLAIMS: DECEMBER 1978
(IN MILLIONS OF DOLLARS)

PAGE 2

COMMITMENTS TO
COMMITMENTS TO ADVANCE FUNDS
(BY COUNTRY OF RESIDENCE)
TO PUBLIC TO OTHER
TOTAL BORROWERS BORROWERS

COMMITMENTS
GUARANTEED
RESIDENTS OF
OTHER COUNTRIES

CIL EXPORTING COUNTRIES
NIGERIA
QATAR
SAUDI ARABIA
UNITED ARAB EMIRATES
VENEZUELA
TOTALS

333.9
151. S
805.5
264.3
2605.4
7497.5

171.2
74.4
71.8
59.2
1072.2
2759.0

162.7
77.4
733.7
205.0
1533.1
4738.4

28.9
22.2
70.4
17.3
31.4
390.1

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

957.5
191.9
2261.9
697.7
837.7
247.9
99.6
107.4
195.5
138.9
73.5
1978.6
97.2
46.2
217.6
148.8
161.5
54.6
8514.7

335.5
75.1
700.4
342.1
398.2
95.3
31.7
38.6
131.4
50.5
54.4
443.0
30.5
14.1
98.7
133.2
121.5
17.3
3112.1

622.0
116.7
1561.4
355.6
439.5
152.6
67.9
68.8
64.1
88.4
19.1
1535.5
66.6
32.0
118.8
15.6
39.9
37.3
5402.5

89.6
19.3
2 56.7
29.7

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

1651.1
260.4
252.1
131.6
1819.1
216.0
206.3
1648.4
110.6
502.3
325.1
7123.6

907.5
68.1
66.4
83.1
240.1
91.2
78.0
833.2
34.6
146.4
132.3
2681.2

743.5
192.3
185.7
48.5
1579.0
124.8
128.3
815.2
76.0
355.8
192.8
4442.3

22.9
699.6
108.3
75.8
40.0
29.0

8.7

257.1
84.8
46.8

14.2
442.4
23.5
28.9
38.5
24.0

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




1.5
5.0

RESIDENTS OF OTHER
COUNTRIES GUARANTEED
BY RESIDENTS OF
THIS COUNTRY
.3
6.0

32.8
30.7
32.6
144.5
5.4

•0
109.4

22.2

4.0
1.1
2.0

2.4
4.8

•0
10.7

29.0
17.4

5.4

1.5

3.6

69.7
•9
1.9

45.1
11.0
1.5

15.2
622.3
58.4
6.2
6.2
.5

78.4
21.6
31.0
92.0
•2
27.0
13.9
33*.7

•0
•0
47.2
•4
•3
5.2

•1
55.3
•0
246.3
25.0
11.1
1.9

20.9
39.5
5.0
5.5
7.9
.0

11.4
11.6
139.9

5.1

.0

204.6

19.2

1.0

6.9
1.3

10.4
•0
•0

•0
16.0

TOTAL COMM.
BY COUNTRY OF
GUARANTOR

305.3
135.6
767.9
277.6
2606.6
7251.9
873.2
172.6
2114.5
672.1
837.3
227.6
97.2
113.3
171.8
121.4
69.9
1956.0
96.7
44.6
177.7
137.9
215.0
39.4
8138.7
1617.6
265.3
247.8
152.0
1780.3
199.3
180.8
1564.3
110.4
486.7
322.8
6927.8
17.8
514.1
114.2
66.6
40.0
45.0

TABLE I I I CROSS BOROER AND NON-LOCAL CURRENCY CONTINGENT CLAIMS: DECEMBER 1978
( I N MILLIONS OF DOLLARS)
COMMITMENTS TO ADVANCE FUNDS
(BY COUNTRY OF RESIDENCE)
TO PUBLIC TO OTHER
TOTAL BORROWERS BORROWERS

COMMITMENTS
GUARANTEED
RESIDENTS OF
OTHER COUNTRIES

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

PAGE 3

TOTAL COMM.
BY COUNTRY OF
GUARANTOR

NON-OIL EX? OEV COUNTRIES-AFRICA
MOROCO
SENEGAL
SUDAN
TUNISIA
ZAIRE
ZAMBIA
OTHER
TOTALS

271.0
21.9
36.9
149.9
27.6
130.3
329.^
1942.5

147.1
18.9
19.0
94.6
19.9
69.6
145.2
918.4

123.9
3.0
17.9
55.3
7.7
60.7
183.9
1024.1

41.0
.3
2.1
13.2
4.3
8.9
23.6
314.6

.0
•0
•0
•0
•0
•0
10.3
53.7

230.0
21.6
34.8
136.7
23.3
121.4
315.8
1681.6

OFFSHORE BANKING CENTERS
BAHAMAS
BAHRAIN
BERMUDA
B R I T I S H WEST INDIES
HONG KONG
LEBANON
LIBERIA
MACAO
NETHERLANDS ANTILLES
PANAMA
SINGAPORE
TOTALS

155.4
237.5
466.9
80.3
981.5
188.8
220.6
1.0
299.6
450.4
488.1
3570.4

10.0
89.0
60.9
.0
141.0
18.0
38.2
•0
11.3
139.9
88.4
59 6.7

145.4
148.5
406.0
80.3
840.5
170.8
182.4
1.0
288.3
310.5
399.7
2973.6

112.7
133.0
230.9
73.1
283.8
11.2
87.8
•0
88.1
73.1
89.9
1183.7

3.2
8.8
5.0
2.3
12.0
7.9
12.4
•0
.0
12.5
15.1
79.2

45.9
113.3
241.0
9.5
709.7
185.5
145.2
1.0
211.5
389.8
413.2
2465.9

23.0
.0
•0
17.2
3.1
3.0
5.0
51.3

23.0
.0
•0
17.2
1.3
•0
5.0
46.5

.0
•0
•0
•0
1.8
3.0
•0
4.8

•0
.0
•0
.0
•0
• 0
.0
.0

•0
.0
.0
20.7
91.4
•0
•0
112.1

23.0
•0
.0
37.9
94.5
3.0
5.0
163.5

60070.0

16065.1

44004.9

5710.2

3566.4

57926.1

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