U.S. Banks’ Foreign Lending Exposure
Despite recent financial turmoil, the latest data show that U.S. banks’ exposure to Southeast Asia and Latin America did not lessen much in 1997:IIIQ. Exposure to Thailand has been declining since early 1997, well before the country’s currency faltered. Such delays in reporting, however, are not the only obstacles to assessing exposure.
Suggested citation: “U.S. Banks’ Foreign Lending Exposure,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-02, pp. 18, 02.01.1998.