Loans by U.S. banks to foreign borrowers...
Loans by U.S. banks to foreign borrowers dropped slightly during the second quarter, according to the latest figures from the Federal Reserve Board. Total lending exposure of U.S. banks was $253.99 billion in June, compared to $259.53 billion in March, according to the Fed’s quarterly survey of 185 big banks. More than half the money was owed to the nine largest U.S. banks. The largest borrowers were residents of Great Britain at $38.33 billion, followed by Japan at $24.19 billion. Among the developing nations with economic troubles, Mexico had loans of $20.25 billion, Brazil had $19.92 billion in loans and Argentina had loans totaling $8.64 billion.
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