Joint News Release Comptroller of the Currency Federal Deposit Insurance Corporation Federal Reserve Board For immediate release June 12, 1980 COUNTRY EXPOSURE LENDING SURVEY The result8 of a survey of foreign lending by large United States banks as of December 31, 1979, were made public today by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board. The data cover claims on foreign residents held by all domestic and foreign offices of 130 U.S. banking oragnizations with significant foreign banking operations. The results indicate that cross-border and non-local currency claims increased moderately in 1979 rising 13 percent from $217 billion to 246 billion. This compares to a 12 percent increase in 1978. Much of the growth represented increased claims on banks, largely related to increased money market activity. Cross-border and cross-currency lending to public and private nonbank borrowers grew by $9 billion during the year, a 9 percent increase. In addition, the survey indicates that local currency lending to local borrowers by foreign offices of U.S. banks increased $9 billion in 1979 to a total of $67 billion. Most of the growth in both types of lending occurred in the second half of the year. Types of Loans The survey concentrated on data involving lending from a bank's offices in one country to residents of another country as well as in a currency other than that of the borrowers. These are known as cross-border and
cros s-currency loans. Cross-border and cross-currency loans are those most closely associated with country risk. As shown in Table I, such claims totaled $246 billion at year-end 1979. Claims on residents of Switzerland and the Group of Ten (G-10) developed countries and "offshore banking centers 11 represent 55 percent of this total. Claims on residents of developing countries that are not members of OPEC amount to 25 percent of the total, up slightly from 24 percent in 1978 In addition, the banks reported $67 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. banks. Most of these local currency local currency claims were funded by local currency liabilities due to local residents, which amounted to $56 million. Maturities More than two-thirds of the reported cross-border and cross-country claims had a maturity of 1 year or less. Only $19 billion in claims had a maturity in excess of 5 years. Short-term claims are especially prominent 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 Digitized for FRASER 1/ Countries where multinational banks conduct a large international money market business.
Type of Borrower Business with other banks accounted for the largest amount, equalling $136 billion. Most of the claims on banks were on those located in the G-10 countries and the offshore banking centers. Private nonbarik sector lending totaled $67 billion, and loans to the public sector amounted to $43 billion. This 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 country. Claims are reallocated from the country or 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 office. Since 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 banks 1 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 ($52 billion out of $64 billion). In general, the reallocations primarily affected the offshore banking centers and some of the developed countries. For example, claims
-4- on the offshore banking centers decreased from $37 billion to $10 billion and claims on the United Kingdom decreased from $38 billion to $21 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 $220 billion or $26 billion less than the total for claims by country of borrower. This results from U.S. residents guaranteeing about $33 billion in claims on foreign residents and foreigners guaranteeing about $7 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 $70 billion, 77 percent of the total being on the private sector, including banks. Table III also adjusts these commitments for guarantees in the same manner as Table II does for claims.
TABLE I CBOSS-BORDER AND NON-LOCAL CURRENCY CLAIMS BY RESIDENCE OF BORROWER: DECEMBER 1979 PAGE 1 CCUNTSY TOTAL CLAIMS CLAIMS OM:~ BANKS PUBLIC BORROWERS PRIVATE MATURITY ONE YEAR AND UNDER DIST. OF CLAIMS: OVER ONE OVER TO 5 YEARS 5 YEARS G-10 AND SWITZERLAND BELGIUM-LUXEMBOURG CANADA FRANCE GEPMANY, FEDERAL REPUBLIC OF ITALY JAPAN NETHERLANDS SWEDEN SWITZERLAND UNITED KINGDOM IOTALS 9092.6 6475.2 9480.2 5489.7 4477.3 16175.5 3965.8 2678.8 3093,8 38135.7 99065 8216.4 4287.9 7928.7 2555.2 2492 9414.9 3116.2 1261.1 2224 28709.7 70206.4 259.6 723.5 872.9 178.5 1074.2 116.6 21.9 738.4 134.7 1777.8 5898.4 616.6 1463.8 678.5 2755.9 911 6643.9 827.7 679.2 735.1 7648 22960.2 8734.9 4764.6 7699.9 4059-1 2940.5 13329.6 3427.8 1605.3 2908,3 32225.6 81696.p 309 837.5 1301-3 1243.3 1255.6 2675.1 311.8 818.5 116.8 3474.7 12344.1 48.6 873.1 479 187.2 281.2 170.7 226.1 254.9 68.6 2435.2 5024.9 NJN G-10 DEVELOPED COUNTRIES AUSTRALIA AUSTRIA DENMARK FINLAND GREECE IC1LAIT0 lretamt. t iwwllc OF NEW ZEAS.A1D NORWAY PORTUGAL SOUTH AFRICA SPAIN TURKEY 1597.2 1496.4 2482.6 1342.6 2196.5 180.2 885.2 294.5 2286 537.9 1363.1 3561.8 1469.5 518.8 20213 343 1318.7 905.9 449.8 224 32.9 184.3 22.6 287.4 304.4 398.2 1478.4 410.1 224.2 6584.5 243.2 79.5 655.4 399.4 754.2 66 443.5 68 217.9 162.8 442.9 697.8 979.7 41 5251.6 1011 98.2 921.2 493.4 1218.2 81.3 257.3 203.8 1780.5 70.6 521.9 1385.6 79.6 253.6 8376.8 855 1353.7 1213.4 593.2 1080.9 51.3 379.4 132.7 787.6 391.7 802.3 1851.3 523 380.2 10396.3 522.5 107.7 926.9 534 776.4 85.2 312.9 120.2 ' 976 74.2 509 1268.1 525.5 113.9 6853 219.6 35 342.3 215.4 339.1 43.7 1'92.8 41.6 522.2 72 51.7 442.3 420.9 24.5 2963.6 EASTERN EURCM ALBANIA BULGARIA CZECHOSLOVAKIA GERMAN DEMOCRATIC REPUBLIC HUNGARY POLAND ROMANIA U.S.S.R. YUGOSLAVIA IOTALS 558 231 1255.2 1045.7 1854.8 410.2 678.6 1999.6 8033.4 255 159.8 699.5 306.7 1112.3 208.2 418.2 1080,8 4240.8 270 66.7 434.4 688.6 601.4 173.9 189 259.6 2683.9 33 4.5 121.3 50.2 141 28 73.4 659.2 1110.7 251.3 159 604.4 441.5 1088.7 336.4 305.9 724.8 3912-3 268.1 43 614.3 415.5 662.7 65.8 295.2 873.7 3238,5 38.5 29 36.5 188.6 103.3 8 77.5 401 882,5 OIL EXPORTING COUNTRIES ALGERIA ECUADCE GABON INDONESIA IRAN IRAQ KUWAIT LIBYA 1799.3 1577.1 252 2093.7 809.4 180 811.9 98 301 317 1 377.9 275.8 103 584.3 93 1177.9 621.1 237.9 843.3 353 75 17 2 320.3 638.9 13 872.4 180.5 2 210.6 3 396 766.7 82.8 1164.6 340.6 167 744.8 98 1221.6 634.3 144.8 63 7.6 425,3 13 57 181.6 176 24.2 291.4 43.4 10
TABLE I CROSS-BORDER AND NON-LOCAL CURRENCY CLAIMS BY RESIDENCE OF BORROWER: DECEMBER 1979 PAGE 2 COUNTRY TOTAL CLAIMS CLAIMS ON: BANKS PUBLIC BORROWERS PRIVATE MATURITY DIST. OF CLAIMS: ONE YEAR OVER ONE OVER AND UNDER TO 5 YEARS 5 YEARS OIL EXPORTING COUNTRIES NIGERIA QATAR SAUDI ARAEIA UNITED ARAB EMIRATES VENEZUELA 743.7 215,2 1321.4 1382,1 86.68.1 19952.4 100.6 29.5 225.6 634.3 983.5 4027 584.9 130.1 175.3 484. 1 3794.1 8495.9 58.2 55.6 920.4 263.6 3890.4 7429.4 165 84.5 1076.1 877.9 5767.6 11732.1 428 114 215.3 354.4 2496.9 6742.6 144.6 16.7 29.9 149.7 403.5 1471.7 NON-OIL EXP DEV COUNTRIES- ARGENTINA BOLIVIA BRAZIL CHILE COLOMBIA COSTA RICA DOMINICAN REPUBLIC EL SALVADOR GUATEMALA HONDURAS JAMAICA MEXICO NICARAGUA PARAGUAY PERU TRINIDAD AND TOBAGO URUGUAY LATIN AM & CARIBBEAN 4824,4 548,9 13583.8 2460.2 2168.9 567.2 376.6 198.4 336.9 291.8 236.7 11451.6 410 114.5 1399.8 100.2 279.4 1470.3 40820.3 1968.2 83.1 4633.6 920.1 837.1 70 47 45.2 34.3 66.8 10 2417.3 127.1 5 428.6 1.1 46 1233.3 12974.6 1155.9 267.6 4088,1 922.5 550.8 206,8 221.1 49.2 20.7 76.9 176.8 4196.3 209 49. 1 719.6 93 108. 1 130.7 13242.7 1700.1 198 4862 617.6 780.9 290.4 108.5 104 281.8 148.1 49.9 4837.8 73.8 60.3 251.5 6.1 125.1 106.2 14602.8 2987 277.5 5319.2 1172.1 1574.7 283.4 191.2 136.3 211.5 171.8 105.5 5124 302.5 64.5 811.2 42.2 167 1363.2 20305.4 1463.6 229.4 6260.8 933.3 488.7 211.3 135.2 50.7 113.6 107,5 124.7 4612.7 93.8 23.9 538 57 68.2 105.6 15618.9 372.6 41.9 2003.7 354.8 105.4 72.4 50.1 11.3 11.7 12.5 6.4 1714.8 13.6 26.1 50.5 1 44.1 11.3 4904.9 NON-OIL EXP DEV COUNTBIES-ASIA CHINA,MAINLAND,TAIWAN INDIA ISRAEL JORDAN KOREA, SOUTH MALAYSIA PAKISTAN PHILIPPINES SYRIA THAILAND 94.6 3569.6 212.6 1308.7 138.5 5548.1 513.8 128.4 4024.9 14.3 1622.1 447.3 17623.3 44.8 1226.9 53.9 1036.9 13.8 3201.6 119 29,8 1402.8 9.1 1151.3 125.8 8416.3 24.7 1014.9 71.5 198.9 106.5 680.6 218.1 58.2 1230.5 1 218.7 107.3 3931.5 25 1327.6 87.2 72.7 18.1 1665.8 176.6 40.3 1391.4 4.2 252 214.1 5275.4 53.7 2523.8 78.7 971.8 44.3 4264.6 146.2 83.5 2766 10.3 1263.2 237.3 12443.7 39.8 918.9 121.1 309 63.9 942.5 248.3 41.8 638.4 4 273.1 159.6 3761 1 126.8 12.7 27.8 30.2 340.9 119.3 3 620.4 85.7 50.4 1418.5 NON-OIL 1XP DEV COUNTRIES-AFRICA CAMEROON EGYPT GHANA IVORY C0HS2 KENYA MALAWI Digitized for FRASER 99.6 663-8 20.2 440.7 193.2 114.8 2.4 416. 1 1 33.5 9.3 19.5 71.6 151.7 8 349.5 57.3 87.3 25.5 95.9 11.2 57.6 126.6 8 32.6 578.4 9 218.3 139.4 58.2 52.6 71.9 2 191.4 50.4 47 14.4 13.4 9.2 30.9 3.4 9.5
TABLE I CROSS-BOEDER AND NON-LOCAL CURRENCY CLAIMS BY RESIDENCE OF BORROWER: DECEMBER 1979 PAGE 3 CCONTBY TOTAL CLAIMS NON-OIL It? DEV COUNTRIES-AFRICA MOROCO 655.2 SENEGAL 74.4 SUDAN 197.2 TUNISIA 224.3 ZAIRE 234,4 ZAMBIA 154.7 314.7 TOIALS 3387.6 OFFSHORE BANKING CENTERS BAHAMAS 11984 BAHRAIN 2295.1 BERMUDA 458.5 BRITISH WEST INDIES 7502-4 HONG KCNG 3597.1 LEBANON 109.2 LIBERIA 2337.4 MACAO 2 NETHERLANDS ANTILLES 473,8 PANAMA 3790.4 SINGAPORE 4270.7 36821.1 INTERNATIONAL & REGIONAL ORGANIZATIONS AFRICAN REGIONAL 24 ASIAN REGIONAL 2.2 E. EOBCPEAN REGIONAL 39 INTERNATIONAL 46.4 LATIN AMEPICAN REGIONAL 64.8 MIDDLE EASTERN REGIONAL W. EUROPEAN REGIONAL 72 248.4 **** GRAND **** ** ** 246164.8 CLAIMS ON: BANKS PUBLIC BORROWERS PRIVATE 133.5 3.1 16.1 18.4 5.6 2 47.5 708.4 11293.5 2144.2 38 7362.3 1795.3 48.3 25.2 2 104 2387.8 3769.5 28970.3 36128.6 479.8 64.8 149.2 186.2 222 131.7 167.1 2126.7 20.6 93.3 1 51.2 41 1.6 111.9 9 284.6 66.1 680.4 24 2.2 39 46.4 64.8 72 248.4 42559.8 41.7 6.4 31.9 19.7 6.7 21 100.1 552.5 669.8 57.6 419.5 88.9 1760.8 59.2 2200.2 360*8 1117.9 435.1 7170.3 67478.3 MATURITY DIST. OF CLAIMS: ONE YEAR OVER ONE OVER AND UNDER TO 5 YEARS 5 YEARS 226.4 29.6 138.8 58.7 116.6 95.4 171.8 1873.8 11227.2 2191.9 327.3 7344 2737 83.8 801.8 2 293.6 2910 4004.3 31923,2 3 1.2 14 22.2 42.5 17 99.9 174383 389. 32. 57. 154. 98, 54. 133. 1335. 359. 32. 94. 146. 627. 18. 996.. 110. 683. 153. 3221. 8 1 4 2 6 2 2 3 6 2 0 2 6 3 6 0 0 0 2 1 12. 0 0 24. 6 10. 1 20. 0 m0 18. 3 8 5. 0 39 12.6 1 11.3 19.1 5 9.6 178.5 397.1 71 37.2 12.1 232.5 7 538.9 70.1 193.4 113.2 1672.7 9 1.4 14.1 2.3 36.7 63.5 53199.8 18581.1
TABLE II CROSS-BORDER AND NON-LOCAL CURRENCY CLAIMS ON FOREIGNERS BY COUNTRY OF GURARANTOR: DECEMBER 1979 PAGE 1 COUNTRY (BY RESIDENCE) CLAIMS GUARANTEED BY RESIDENTS OF COUNTRIES ON BANKS ON S LESS GUARANTEED CLAIMS CLAIMS ON RESIDENTS OF COUNTRIES GUARANTEED BY RESIDENTS OF THIS COUNTRY ON BANKS ON S BY COUNTRY OF GUARANTOR G-10 AND SWITZERLAND BELGIUM-LUXEMBOURG CANADA FRANCE GERMANY, FEDERAL REPUBLIC OF ITALY JAPAN NETHERLANDS SWEDEN SWITZERLAND UNITED KINGDOM 9092.6.6475.2 9480.2 5489.7 4477.3 16175.5 3965.8 2678.8 3093.8 38135.7 99065 2476.2 160.6 1576.7 265 199.3 263.7 327.8 132.1 263.9 17785.6 23451.2 174.1 134.4 184.6 327.8 173.2 90.2 336 46.7 276.8 1647.8 3392 6442.3 6180.1 7718.7 4896.8 4104.7 15821.6 3301.9 2500 2553 18702.2 72221.8 271.8 4030.3 3214.8 4350.2 988.3 6315.5 927.8 96.6 1798.7 1599.9 23594.4 360 736.9 699.7 763.1 201.7 1425.2 236 159.7 436.1 988.9 6007.6 7074.2 10947.3 11633.4 10010.2 5294.8 23562.4 4465.8 2756.3 4787.9 21291.1 101823.9 NON G-10 DEVELOPED COUNTRIES AUSTRALIA AUSTRIA DENMARK FINLAND GREECE ICELAND IRELAND, REPUBLIC OF NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN TURKEY 1OTALS 1597.2 1496.4 2482.6 1342.6 2196.5 180.2 885.2 294.5 2286 537.9 1363.1 3561.8 1469.5 518.8 20213 39.1 115.4 151.6 11.3 43.1 21 90.1.2 15.5 15.4 68.3 181.5 81.5 89.1 923.3 73.6 37.6 57.3 4 94.5 21 93.5 16.7 128.5 15.2 71.8 212.2 49.9 108.3 984.5 1484.4 1343.4 2273.6 1327.3 2058.8 138.2 701.5 277.6 2141.9 507.3 1222.9 3168.1 1338.1 321.3 18305.1 384.6 4.Q 117.9 91 4 185 25.1 74 126 18.8 559.9 13 1603.5 88.8 30.4 88.3 25.6 103.2 56.6 10 87.4 9 26.3 15.3 1 2 544.1 1957.9 1377.8 2479.8 1443.9 2166 138.2 943.1 312.8 2303.4 642.3 1268.1 3743.3 1339.2 336.3 20452.7 EASTERN EUROPE ALBANIA BULGARIA CZECHOSLOVAKIA GERMAN DEMOCRATIC REPUBLIC HUNGARY POLAND ROMANIA O.S.S.R. YUGOSLAVIA 558 231 1255.2 1045.. 7 1854.8 410.2 678.6 1999.6 8033.4 3 15.3 29.8 43.8 310.3 64.1 50.2 22.4 538.9 3 133.8 13.2 3.3 124.2 277.6 555 215.7 1225.4 998.9 1410.7 332.9 625.1 1852.9 7216.8 16.5 160 8 4 75.5 3 267. Q 5 4.9 2 6.8 36.8 55.6 555 237.2 1390.3 1006.9 1412.7 336.9 707.4 1892.8 7539.4 EXPORTING COUNTRIES ALGERIA ECUADCK OABON I INDONESIA i Digitized for FRASER 1799,3 1577.1 252 2093.7 809.4 10.5 6.4 10.6 154.8 57.2 20.7 315 31.9 1634 1513.3 231.3 1768.1 777.5 1 1.4 10 13.Q 18.6 3.1 21.4 4 1653.6 1517.9 231.3 1799.5 794.5
COUNTRY TABLE II CROSS-BORDER AND NON-LOCAL CURRENCY CLAIMS ON FOREIGNERS BY COUNTRY OF GURARANTOR: DECEMBER 1979 (BY RESIDENCE) CLAIMS GUARANTSED BY RESIDENTS OF COUNTRIES ON BANKS ON S LESS GUARANTEED CLAIMS CLAIMS ON RESIDENTS OF COUNTRIES GUARANTEED BY RESIDENTS OF THIS COUNTRY ON BANKS ON S PAGE 2 BY COUNTFY OF GUARANTOR OIL EXPORTING IRAQ COUNTRIES KUWAIT LIBYA NIGERIA QATAR SAUDI ARAEIA UNITED ARAB EMIRATES VENEZUELA 180 811.9 98 743.7 215.2 1321.4 1382.1 8668.1 19952.4 35.6 18 6.4 2.3 12.1 197.4 77.5 3 76.8 1 11 26 9 70.9 58 344.5 1100.3 179 765.3 80 711.3 203.9 1238.4 1126.6 8246 18475.2 6 17.2 5 28.6 66.7 11 13. 1 172.4 33.9 13.5 3-0 4.9 100. 1 26 16.7 245.4 185 816.5 98.5 714.3 236.9 1405.2 1163.6 8275.9 18893.2 NON-OIL 1EXP DEV COUNTRIES-LATIN ARGENTINA BOLIVIA BRAZII CHILE COLOMEIA COSTA RICA DOMINICAN REPUBLIC EL SALVADOR GUATEMALA HONDURAS JAMAICA MEXICO NICARAGUA PARAGUAY PERU TRINIDAD AND TOBAGO URUGUAY AM 8 CARIBBEAN 4824.4 548.9 13583.8 2460.2 2168.9 567.2 376.6 198.. 4 336-9 291.8 23 6.. 7 11451.6 410 114-5 1399.8 100.2 279-4 1470«3 40820-3 70.6 5.2 106-4 9.1 59.1 1 1.4 6 144. 1 1.3 24.2 11.5 1146.1 1586.3 211.6 16.6 967.9 82.5 47.8 25.4 4.5 12.5 45.6 12.9 18.5 451.9 10.3 2.4 44.8 3.1 13.4 10.9 1983.1 4542.1 526.9 12509.4 2368.6 2062 540.8 371.1 185.5 291.2 272.8 218.2 10855.6 398.4 112 1330.7 97.1 254.5 313.1 37250.8 244. 8 1235.8 18 238.7 248.5 9.3 20 2015.2 14.2 6 131.4 2.1 40.2 2-3 1.4 18 3 3 146.3 1.9.2 1.7 372.1 4801. 1 532.9 13876.7 2388.7 2340.9 543.1 371.1 186.9 309.2 275.8 221.2 11250.5 398.5 113 1340.9 97.1 274.8 314.9 39638.2 NON-OIL EXP DEV COUNTRIES-ASIA CHINA,MAINLAND,TAIWAN INDIA ISRAEL JORDAN KOREA, SOUTH MALAYSIA PARISIAN PHILIPPINES SYRIA THAILAND 94.. 6 3569.6 212.6 1308,7 138.5 5548.1 513.8 128.4 4024,9 14.3 1622-1 447.3 17623.3 97. 1 3 61.6 2.5 175.2 7.3 1.6 342.2 65.7 33.1 789.4 5 137.4 4.7 21.3 7 129.6 15.8 125.2 39.9 89.4 575.4 89.6 3335 204.9 1225.8 129 5243.3 490.7 126.7 3557.5 14.3 1516.5 324.7 16258-3 98,8 68.4 73 382.3 100.6 364.4 53.3 13 38.8 1 117.1 9.1 1320 100.7 15 13.4 3 241, 5 26.6 26 15.5 65 506.8 188.4 3504.1 292.9 1621.5 232.7 5849.2 570.6 139.7 3622.4 15.3 1649.2 398.8 18085.2
COUNTRY TABLE II CROSS-BORDER AND NON-LOCAL CURRENCY CLAIMS ON FOREIGNERS BY COUNTRY OF GURARANTOR: DECEMBER 1979 (BY RESIDENCE) CLAIMS GUARANTEED BY RESIDENTS OF COUNTRIES ON BANKS ON OTHEBS LESS GUARANTEED CLAIMS CLAIMS ON RESIDENTS OF COUNTRIES GUARANTEED BY RESIDENTS OF THIS COUNTRY ON BANKS ON S PAGE 3 BY COUNTRY OF GUARANTOR NON-OIL EXP DEV COUNTRIES-AFRICA CAMEROON EGYPT GHANA IVORY COAST KENYA MALAWI MOROCO SENEGAL SUDAN TUNISIA ZAIRE ZAMBIA 99.6 663.8 20.2 440.7 193-2 114.8 655,2 74.4 197.2 224.3 234-4 154.7 314.7 3387.6 33.3 15.6.3.5 4.6.5 54.9 29.5 37.9 41.1 12 19.2 18.4 53.8 19.3 126.2 16 59.5 433 70.1 592.5 20.2 383.9 180.9 114.3 631.4 55.9 143.4 205 108.2 138.7 254.7 2899.6 16 18 2 10 46 4 15.4 4 3.2.4 27 70.1 608.6 20.2 387.9 180.9 129.3 649,4 56.3 149.4 205 111.4 138.7 265.1 2972.8 OFFSHORE BANKING CENTERS BAHAMAS BAHRAIN BERMUDA BRITISH WEST INDIES HONG KONG LEBANON LIBERIA MACAO NETHERLANDS ANTILLES PANAMA SINGAPORE 11984 2295.1 458.5 7502-4 3597.1 109.2 2337,4 2 473.8 3790.4 4270.7 36821.1 9569.5 1920.9 2 6662.6 1234 5.3 40.8 2028.5 3104.7 24568.6 100.9 71 160.2 72.9 280.9 10.4 1488.3 198.5 507.5 63.9 2954.7 2313.6 303.2 296.3 766.9 2082.2 93.5 849.1 2 234.5 1254.2 1102 9297.7 8.q 6-9 10 86.6 3 31.5 33 179.2 36 32.7 1.1 235.3 13 100 27 137.2 34 666.3 2357.6 310.1 379,0 778 2404,1 109.5 949,1 2 261.5 1423 1169.1 10143.3 INTERNATIONAL S REGIONAL ORGANIZATIONS AFRICAN REGIONAL ASIAN REGIONAL E. EUROPEAN REGIONAL INTERNATIONAL LATIN AMERICAN REGIONAL MIDDLE EASTERN REGIONAL W. EUROPEAN REGIONAL 24 2.2 39 46.4 64.8 72 248,4 24 2.2 39 46.4 64.8 72 248.4 4.2 2 3 9.2 24 2.2 39 50.6 66.8 3 72 257.6 **** GRAND **** ** ** 246164.8 52289.6 11701 182174.1 29198 8434.5 219806.6
TABLE III CROSS BORDER AND NON-LOCAL CURRENCY CONTINGENT CLAIMS: DECEMBER 1979 PAGE 1 COMMITMENTS TO ADVANCE FUNDS (BY COUNTRY OF RESIDENCE) TO PUBLIC TO TOTAL BORROWERS BORROWERS COMMITMENTS GUARANTEED RESIDENTS OF COUNTRIES COMMITMENTS TO RESIDENTS OF COUNTRIES GUARANTEED BY RESIDENTS OF THIS COUNTRY TOTAL COMM. BY COUNTRY OF GUARANTOR G-10 ANC SWITZERLAND BELGIUM-LUXEMBOURG CANADA FRANCE GERMANY, FEDERAL REPUBLIC OF ITALY JAPAN NETHERLANDS SWEDEN SWITZERLAND UNITED KINGDOM 794.3 2073.1 4159 3056.7 1452.8 3075.2 1104.5 1484 2437,9 7230.6 26868.4 32.2 1398.4 706,7 132.5 197.7 5.3 22 128.4 13 377.9 3014,2 762.1 674.7 3452.2 2924.1 1255.1 3069.9 1082.5 1355.6 2424.9 6852.7 23854.2 244.9 34.4 71.6 60 43 75 143 69 252 1036 2029. 1 135 190.1 528.7 322.4 118.1 522.9 91.9 68.4 201.6 693 2872.3 684.4 2228.8 4616.2 3319.1 1527.9 3523.1 1053,4 1483.4 2387.5 6887.5 27711.7 NON G-10 DEVELOPED COUNTRIES AUSTRALIA AUSTRIA DENMARK FINLAND GREECE ICELAND IRELAND, REPUBLIC OF NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN TURKEY 1482.3 350.4 994.4 1017.6 1075.7 36. 1 299 176.5 979.1 597.3 327.9 1028.9 302.1 123.8 8791.7 139 64 135.7 553.9 184.9 24 43.4 28.2 168.9 43 62.7 172.4 213.6 7 1840.8 1343.3 286.4 858.7 463.7 890.8 12.1 255.6 148.2 810.2 554.3 265.1 856.5 88.5 116.8 6950.8 120 16 32. 1 9 176.4. 0 101.6 69.4 6. 0 22.6 25.4 17.9 25.7 622.3 125.8 21 64.4 1.2 31.4 2.5 4 9.2.3 1.3 60 321.3 1488.2 355.4 1026.8 1009.8 930.6 36.1 199.9 180.5 918.8 591.3 305.6 1004.7 284.2 158. 1 8490.7 EASTERN EUROPE ALBANIA BULGARIA CZECHOSLOVAKIA GERMAN DEMOCRATIC REPUBLIC HUNGARY POLAND ROMANIA U.S.S.R. YUGOSLAVIA 2 8.7 39.5 178.1 86.5 941.1 207.1 483.2 53 7.7 2502-0 23.9 6.5 53 67 475.7 105 100.5 41.6 873.3 4.8 33 125.1 19.5 465.4 102.1 382.7 496.1 1628.7 25 6 90. 1 33 107. 1 76 931.2 *0 18 7 63 10.9 98.9 28.7 39.5 196.1 68.5 251 174. 1 439.1 472.6 1669.7 OIL EXPORTING COUNTRIES ALGERIA ECUADCB GABON INDONESIA IRAN IRAQ 701.6 516.4 12.6 822.2 101.3 242.2 468.5 129.6 3.9 356.4 17.8 111 233.1 386.8 8.7 465.7 83.4 131.1 104.2 7.6 1. 4 39.8 48 5.9 3.1 18.5 597.4 511.9 11.2 800.9 53.3 236.3
TABLE III CROSS BOEDER AND NON-LOCAL CURRENCY CONTINGENT CLAIMS: DECEMBER 1979 PAGE 2 COMMITMENTS TO ADVANCE FUNDS (BY COUNTRY OF RESIDENCE) TO PUBLIC TO TOTAL BORROWERS BORROWERS COMMITMENTS GUARANTEED RESIDENTS OF COUNTRIES COMMITMENTS TO RESIDENTS OF COUNTRIES GUARANTEED BY RESIDENTS OF THIS COUNTRY TOTAL COMM, BY COUNTRY OF GUARANTOR OIL EXPORTING COUNTRIES KUWAIT LIBYA NIGERIA QATAR SAUDI ARABIA UNITED ARAB EMIRATES VENEZUELA 252.5 206.5 362.6 103.7 1234.6 325.1 2634.7 7516.5 36 38 172.7 55 115.4 68 1219.6 2792.3 216.5 168.5 189.9 48.7 1119.2 257 1415.1 4724.2 20 49.9 6 80.8 74.9 102.6 541. 2 7.2 5.7 19.4 1 8.2 63. 1 259.7 186.5 312.7 103.4 1173.2 251.1 2540.3 7038.5 NON-OIL EXP DEV COUNTRIES-LATIN AM 6 CARIBBEAN ARGENTINA BOLIVIA BRAZIL CHILE COLOMEIA COSTA BICA DOMINICAN REPUBLIC EL SALVADOR GUATEMALA HONDURAS JAMAICA MEXICO NICARAGUA PARAGUAY PERU TRINIDAD AND TOBAGO URUGUAY 1188.3 105,9 1891.6 663-3 687.2 131 114.7 33.8 113.5 89.9 45.4 3204.2 44.1 58 358 194,6 105 84 9163.2 370.7 20.6 940.2 197.9 141 45 64.1 22.5 26.7 23.8 29 1029.9 16.4 6.1 128 170 53.7 53.3 3339.4 817.5 85.3 951.3 465.4 546.2 86 50.6 61.3 86.7 66.1 16.4 2174.2 27.7 51.8 230 24.6 51.2 30.7 5823.7 45.7 10.3 272.7 44.9 41.4 13.2 4.2 11 12.7 10.4 8.8 83 7.1 5. 1 45. 4 1.5.3. 7 618.8 17.4 30.2 10.5 4.2 7.9 13 2.1 19.1.1 2.1 106.7 1159.9 95.6 1649.1 618.3 656.3 122 110.5 80.7 113.8 81.6 36.6 3140.3 36.9 52.9 314.7 193.1 104.7 83.3 8651 NON-OIL EXP DEV COUNTRIES-ASIA CHINA,MAINLAND,1AIWAN INDIA ISRAEL JORDAN KOREA, SOUTH MALAYSIA PAKISTAN PHILIPPINES SYRIA THAILAND 113.1 1949.8 391.9 451 222 2153.9 275.5 222.1 1905.2 237.5 441 428.2 8791.6 69 913.4 148.8 34 102.1 445.4 26.4 116.3 974.7 10 22.3 79.9 2942.5 44.1 1036.3 243.1 417 119.9 1708.5 249.1 105.8 930.5 227.5 418.7 348.2 5849.1 218.7 7 10.7 12.7 48. 0 30 61. 1 386.4 7.5 50.7 92.1 925.1 7.1 3 8 9.4 46 13.7 15 9.5 1.3 28 141 113.1 1738.2 387.9 448.2 218.6 2152 259.2 176 1528.3 230 391.5 364 8007.5 ION-OIL EXP DEV COUNTRIES-AFRICA CAMEROON EGYPT Digitized for FRASER 130 721.7 92.1 134.3 37.9 587.4 13. 1 67.3 2 116.9 656.4
TABLE III CROSS BOEDER AND NON-LOCAL CURRENCY CONTINGENT CLAIMS: DECEMBER 1979 PAGE 3 COMMITMENTS TO AD?ANCB FUNDS (BY COUNTRY QF RESIDENCE) TO PUBLIC TO TOTAL BORROWERS BORROWERS COMMITMENTS GUARANTEED RESIDENTS OF COUNTRIES COHfllTMENTS TO RESIDENTS OF COUNTRIES GUARANTEED BY RESIDENTS OF THIS COUNTRY TOTAL CO«M. BY COUNTRY OF GUARANTOR NON-OIL EXP DEV COUNTRIES-AFRICA GHANA IVORY COAST KENYA MALAWI MOROCO SENEGAL SUDAN TUNISIA ZAIRE ZAMBIA 59.4 83,3 74-8 36.5 87.4 39 79.8 80.2 46.2 96.7 340.7 1876.1 41 68.1 29.8 15.5 23.9 23.9 12.2 22 25.6 63.3 181 732.8 18.4 15.2 45 21 63.5 15.1 67.6 58.2 20.6 33.4 159.7 1143.3 1 12.2 2 13.6 14.4 1.2 4.8 1 6.9 52.5 190.2.6 9 1 1 13.6 58.4 71.7 72.8 45.5 73.8 24.6 78.6 76.4 45.2 89.8 289.2 1699.5 OFFSHORE BANKING CENTERS BAHAMAS BAHRAIN BERMUDA BRITISH WEST INDIES HONG KONG LEBANON LIBERIA MACAO NETHERLANDS ANTILLES PANi&A SINGAPORE 314.6 42.3 791.7 92.1 1293.6 264.4 477.9 1 226.7 399.3 518.9 4423 6.9 1,0 143.2 35,5 5-0 5.1 48.4 106.8 351.9 314.6 35.4 790.7 92.1 1150.4 228.9 472.9 1 221.6 350.9 412.1 4071 102.1 1.6 180.3 14 388.8 14.3 245,9 54.8 79.8 ^0.8 1142.7 23 8.2 7,0 62.3 8 26.5 38.7 11.3 185.1 235.5 48.9 618.4 78.1 967.1 258.1 258.5 1 171.9 358.2 469.3 3465.4 INTERNATIONAL & REGIONAL ORGANIZATIONS AFRICAN REGIONAL ASIAN REGIONAL E. EUROPEAN REGIONAL INTERNATIONAL LATIN AMERICAN REGIONAL MIDDLE EASTERN REGIONAL W. EUROPEAN REGIONAL 10 3 49.6 $2.6 10 3 31.6 *o 44.6 18 18 6 89 1.2 96.2 10 3 6 138.7 1.2 158.9 * GRAND ** 69995.5 15932,1 54063.4 7000.9 3898.6 66893.2