Foreign Lending Exposure
Economic and financial distress abroad raise questions about foreign exposure of U.S. banks. The most recent data, for March, show either an increase or no clear decline in exposure to Argentina, Brazil, and Russia. Exposure to Indonesia, Korea, and Mexico began declining around the time of last summer’s financial crises. The extent to which U.S. banks reduce their exposure to South America and Russia may depend on the particulars of proposed reforms.
Suggested citation: “Foreign Lending Exposure,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-10, pp. 18, 10.01.1998.