U.S. bank loans to foreigners declined
The Federal Reserve Board said that U.S. banks had a total of $304.38 billion loans outstanding to foreigners for the three months ended Sept. 30, 1985. That was down from $312.94 billion the previous quarter and from $329.32 billion at the end of September 1984. Residents of the United Kingdom had the largest outstanding borrowings, followed by Japan, Italy and Canada, according to the Fed’s quarterly survey.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.