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Statistical Annex

The international banking market
Introduction to the BIS locational and consolidated
international banking statistics ........................................................................................... page A4
1
2
3
4
5
6
7
8
9
10

BIS reporting banks: Summary of international positions ................................................... A7
External positions of banks in individual reporting countries .............................................. A8
External loans and deposits of banks in individual reporting countries ............................. A16
Local positions in foreign currency of banks in individual reporting countries ................... A20
Currency breakdown of reporting banks’ international positions....................................... A24
External positions of reporting banks vis-à-vis individual countries .................................. A28
External loans and deposits of reporting banks vis-à-vis individual countries ................... A44
International positions by nationality of ownership of reporting banks .............................. A60
Consolidated claims of reporting banks on individual countries........................................ A64
Signed international syndicated credit facilities by nationality of borrower ..................... A110

Securities markets
11
12
13
14
15
16
17
18

International debt securities by residence of issuer........................................................
International debt securities by nationality of issuer .......................................................
International debt securities by type, sector and currency..............................................
International debt securities by residence of issuer........................................................
International debt securities by nationality of issuer .......................................................
Domestic debt securities by sector and residence of issuer ...........................................
Debt securities with remaining maturity up to one year ..................................................
Announced international equity issues by nationality of issuer .......................................

A113
A114
A118
A120
A122
A124
A126
A128

Derivatives markets
19
20
21
22
23

Amounts outstanding of over-the-counter (OTC) derivatives
by risk category and instrument .....................................................................................
Amounts outstanding of OTC foreign exchange derivatives ...........................................
Amounts outstanding of OTC single-currency interest rate derivatives...........................
Amounts outstanding of OTC equity-linked and commodity derivatives..........................
Derivative financial instruments traded on organised exchanges
by instrument and location .............................................................................................

A131
A131
A133
A134
A136

Notes to tables ........................................................................................................................ A138

BIS Quarterly Review, December 2011

A1

The international banking market 1

Introduction to the BIS locational and consolidated
international banking statistics ........................................................................................... page A4
1

BIS reporting banks: Summary of international positions ............................................ A7

2
A
B
C
D

External positions of banks in individual reporting countries
In all currencies vis-à-vis all sectors .................................................................................. A8
In all currencies vis-à-vis the non-bank sector ................................................................. A10
In foreign currencies vis-à-vis all sectors ......................................................................... A12
In foreign currencies vis-à-vis the non-bank sector .......................................................... A14

3
A
B

External loans and deposits of banks in individual reporting countries
In all currencies vis-à-vis all sectors ................................................................................ A16
In all currencies vis-à-vis the non-bank sector ................................................................. A18

4
A
B

Local positions in foreign currency of banks in individual reporting countries
Vis-à-vis all sectors.......................................................................................................... A20
Vis-à-vis the non-bank sector........................................................................................... A22

5
A
B
C
D

Currency breakdown of reporting banks’ international positions
Cross border positions vis-à-vis all sectors ......................................................................
Cross border positions vis-à-vis the non-bank sector .......................................................
Cross border positions vis-à-vis official monetary institutions...........................................
Local positions in foreign currency vis-à-vis all sectors and vis-à-vis
the non-bank sector .........................................................................................................

A24
A25
A26
A27

6
A
B

External positions of reporting banks vis-à-vis individual countries
Vis-à-vis all sectors.......................................................................................................... A28
Vis-à-vis the non-bank sector........................................................................................... A36

7
A
B

External loans and deposits of reporting banks vis-à-vis individual countries
Vis-à-vis all sectors.......................................................................................................... A44
Vis-à-vis the non-bank sector........................................................................................... A52

8
A
B

International positions by nationality of ownership of reporting banks
Amounts outstanding ....................................................................................................... A60
Estimated exchange rate adjusted changes ..................................................................... A62

9
A
B
C
D
E

Consolidated claims of reporting banks on individual countries
International and foreign claims by maturity and sector.................................................... A64
Foreign claims by nationality of reporting banks, immediate borrower basis .................... A72
Foreign claims by sector and type, ultimate risk basis ..................................................... A84
Foreign claims by nationality of reporting banks, ultimate risk basis ................................ A88
Foreign exposures on selected individual countries, ultimate risk basis ........................ A100

10

Signed international syndicated credit facilities by nationality of borrower ........... A110

1

More detailed data and a full set of historical time series are available on the BIS website under
http://www.bis.org/statistics/bankstats.htm.

BIS Quarterly Review, December 2011

A3

reporting countries provide information on claims on an ultimate risk basis (ie Data characteristics Locational Consolidated (Tables 1–8 B) (Tables 9 A–9 E) Creditor reporting basis Residence (host country) Nationality (home country) Number of reporting countries 43 30 Frequency Quarterly since 1977 Quarterly since March 20001 Reported data External claims and liabilities Worldwide consolidated claims Inter-office netting-out No Yes Type of counterparty Immediate borrower Immediate (contractual) and ultimate borrower Yes Yes Yes (loans. The consolidated banking statistics report banks’ on-balance sheet financial claims (ie contractual lending) vis-à-vis the rest of the world and provide a measure of the risk exposures of lenders’ national banking systems. balances of payments and external debt statistics. non-banks.Introduction to the BIS locational and consolidated international banking statistics The BIS collects and disseminates two different sets of international banking data. is shown in Annex Tables 9A–9E. The locational reporting system collects quarterly data on the gross international financial claims and liabilities of banks resident in a given country. although in practice comprehensive locational data are only available from 1977. The main purpose of the statistics is to provide information on the role of banks and financial centres in the intermediation of international capital flows. known as the consolidated statistics. The consolidated statistics also provide information on the maturity (ie liquidity) and sector risk distribution of banks’ contractual lending. The first set of data is known as the locational statistics and is presented in Annex Tables 1–8B. securities) No Yes (bank. The currency detail supplied by the reporting countries allows the approximation of capital flows. These statistics were originally introduced in 1964 to monitor the development of eurocurrency markets. They were launched in a comprehensive form in 1983 following the onset of the Mexican debt crisis. This methodology is consistent with the principles underlying the compilation of national accounts. both based on information provided by banks. December 2011 . to reflect the fact that banks’ country risk exposure can differ substantially from that of contractual lending due to the use of risk mitigants such as guarantees and collateral. with the main purpose of monitoring industrial country banks’ exposure to developing countries. Reporting of lending in this way allows the allocation of claims to the bank entity that would bear the losses as a result of default by borrowers. deposits. Furthermore. non-banks) Yes No No Yes Yes (banks. The data cover contractual (immediate borrower) and ultimate risk lending by the head office and all its branches and subsidiaries on a worldwide consolidated basis. The reporting system is currently comprised of 43 countries (see the table overleaf). The second set. public) Composition of claims by: Country of borrower Currency Type of instrument Maturity Sector 1 A4 Semiannual available since 1983. BIS Quarterly Review. net of inter-office accounts. the two sets of data may be used to complement one another in economic analysis. including those vis-à-vis own affiliates. The key organisational criteria are the country of residence of the reporting banks and their counterparties as well as the recording of all positions on a gross basis. The basic characteristics of the two data sets are summarised in the table below. adjusted for exchange rate fluctuations. Once differences in reporting regimes are taken into account.

Q4 2002) Portugal (1997. Q4 1977) Mexico (2003. Q4 1983) Isle of Man (2001. Q4 1985) France (1983. Q4 2000) Italy (1983. Q4 1977) Denmark (1977. Q4 2003) Germany (1983. Q4 1983) Chile (2002. Q4 1985) Chile (2002. Q4 2008) Luxembourg (1977. While the locational statistics are appropriate for measuring lending flows in a given period. Q4 2003) Austria (1977. Q4 1983) Ireland (1983. Q4 1983) 3 Turkey (2000. Q3 2009) Spain (1983. uses and improvements” in September 2005 BIS Quarterly Review. Q4 1977) Sweden (1977. previously. the statistics were collected semiannually. Q4 2010) Jersey (2001. BIS Quarterly Review. There are currently 30 countries reporting these data (see the table below). borrower basis. Q4 2001) Korea (2005. Q4 2003) Hong Kong SAR (1997. Q4 2002) Chinese Taipei (2000. Q1 2005) Switzerland (1977. Q4 1977) Cayman Islands (1983. Q4 1983) United Kingdom (1983. Q4 2007) Reporting countries providing consolidated banking data First year of joining followed by first period of data availability in brackets Australia (2003. Q4 1983) Switzerland (1983. Q4 1977) Singapore (1983. Q4 1983) 2 Bahrain (1983. the reporting of worldwide positions in the consolidated data tends to compensate for this. Q4 1983) Belgium (1977. Q4 1997) Brazil (2002. Q4 1977) Chinese Taipei(2000.contractual claims net of guarantees and collateral) since June 1999. The detailed maturity and sector breakdowns of the consolidated statistics can be used to supplement the locational data. 2 No longer exits from Q4 2010. Q4 1977) Turkey (2000. Q4 1983) Mexico (2003. Q4 2002) Ireland (1977. Q4 2001) Norway (1983. see the special feature “The BIS consolidated banking statistics: structure. Q4 1977) Bahamas (1983. Q4 1977) United Kingdom (1977. Because more countries contribute to the locational bank lending data. Q4 2000) Cyprus (2008. Q4 1977) Germany (1977. Q4 1983) Guernsey (2001. credit commitments and guarantees are provided as of 2005 Q1. Q4 1977) South Africa (2009. Q4 1983) 1 Greece (2003. Q4 1977) Finland (1983. However. Reporting countries providing locational banking data First year of joining followed by first period of data availability in brackets Australia (1997. Q4 2000) Curacao (2010. Q4 2003) United States (1977. Q4 2002) Japan (1977. Q4 2000) Singapore (2000. Q4 1983) 3 Luxembourg (1983. Q4 1983) Spain (1985. Q4 1997) 3 Panama (2002. Q4 2001) Panama (2002. Q4 1983) Greece (2003. Q4 2003) 3 Netherlands (1983. Q2 1994) Austria (1983. The consolidated statistics became available on a quarterly basis in March 2000. Q4 1983) India (2001. A finer breakdown of BIS reporting banks’ foreign claims on an ultimate risk basis. Q4 1983) 1 Semi-annual reporting. Q4 1983) Sweden (1983. Q4 1977) Bermuda (2002. Q4 1983) Malaysia (2008. Q4 1999) Brazil (2002. Q4 2002) Hong Kong SAR (1983. Q4 2003) Netherlands Antilles (1983. Q4 2002) 3 Portugal (1999. Q4 1977) Macao SAR (2006. December 2011 A5 . Q4 1983) Canada (1977. Q4 1983) Belgium (1983. 3 Provides only consolidated banking statistics on an immediate ______________________________________________________  For a more detailed analysis. Q4 2001) Italy (1977. Q4 2000) Canada (1983. Q4 1977) Netherlands (1977. Q4 1983) Japan (1983. Q4 1997) France (1977. Q4 2000) Finland (1985. Q4 1983) United States (1983. Q4 2002)3 India (2001. and information about derivatives. Q4 1983) Denmark (1983. the consolidated statistics are more suited to gauging the size of banks’ country and liquidity risk exposures. Q4 1983) Norway (1994. one would expect the measure of outstanding debt as reported by the locational data to exceed that of the consolidated data.

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898.5 9.3 –481.7 foreign currency 4.2 101.6 235.4 –51.141.004.7 –1.1 –43.9 5.5 209.978.6 –243.3 4.5 16.4 –1.9 4.4 4.3 –2.7 977.880.0 257.0 –133.3 –293.1 16.8 –185.8 21.9 2.8 –102.780.3 –384.732.0 –390.589.557. Total liabilities liabilities to banks liabilities to non-banks E.753.786.0 344.872.5 3.8 6.4 28.2 595.2 –240.6 68.5 –260.0 –1.8 6.4 45.8 1.2 –214.8 4.9 9.9 615.124.250.7 1.414.585.9 –19.0 12.0 23.7 77.383.3 261.877.6 4.801.131.0 28.7 55.7 –302.1 –84.088.2 425.3 –78.3 10.9 30.822.643.3 –258.786.7 7.995.623.7 144.3 163.9 liabilities to non-banks 1.0 79.661.4 414.825.0 6.254.446.4 232.964.1 –90.4 1.0 claims on non-banks 10.4 37.105.5 16.308.9 –433.8 47.037.0 961.078.4 521.6 23.0 –1.9 495.296.6 3.063.462.700.6 –49.9 claims on banks 19.7 16.2 424.8 240.3 13. Own issues of securities and other liabilities liabilities to banks liabilities to non-banks F.2 32.878.2 687.107.9 837.7 150.8 –1.8 liabilities to banks 16.1 claims on non-banks 5.8 284.4 4.5 743.549.1 22.3 –11.0 –563.6 –344.275.9 1.0 129.1 liabilities to banks 2.7 –75.6 2.1 11.9 21.1 –31.8 36.0 21.7 571.135.1 33.865.3 15.8 404.7 416.833.4 –228.6 159.5 –426.4 456.2 32.3 2.2 9.680.2 2.7 20.027.6 13.5 –1.3 883.3 2.6 claims on non-banks 12.4 claims on non-banks 1.7 148.849.8 241.4 –216.1 55.338.815.576.8 20.188.883.0 5.343.831.717.162. External liabilities liabilities to banks liabilities to non-banks liabilities to non-banks 2.1 34.7 251.0 –42.507.9 4.5 31.6 –124.0 –1.006.7 749.980.2 488.2 113.4 247.3 198.028.776.3 –269.4 71.7 –30.3 22.0 7.5 –277.736.3 –611.926.0 34. Total assets Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 33.4 8.2 5.112.553.8 200.166.2 200.925.470.9 148.197.3 61.206.8 –462.6 9.4 30.9 24.4 3.508.2 952.945.7 13.6 –603.7 1.2 35.5 21.0 24.2 4.8 –386.353.0 –257.9 40.7 506.604.8 305. Local liabilities in BIS Quarterly Review.281.5 33.419.4 –237.759.6 85.312.838.244.0 8.417.510.169.1 24.5 318.974.6 35.582.9 840. Local assets in foreign currency D.8 8.226.1 59.5 –1.8 1.7 –172.0 19.7 –240.1 67.8 409.3 8.5 7.5 619.9 216.1 –294.4 –2.3 319.256.6 claims on banks 1.957.1 2.0 124.7 –193.7 –1.510.9 –472.5 444.7 112.5 20.349. Loans and deposits 23.2 –1.8 24.4 73.1 –372.1 24.2 31.6 8.7 3.084.2 4.1 339.907.Table 1: BIS reporting banks Summary of international positions In billions of US dollars Positions A.0 16.2 49.5 362.7 45.2 163.8 62.036.119.113.279.9 –18.0 –28.1 459.4 –38.6 30. Loans and deposits 21.9 358.3 3.3 32.417.018.7 508.770.2 557.402.523.8 31.4 11.8 11.4 23.8 29.9 29.978.566.664.6 2.531.3 61.971.1 19.4 355.5 216.6 7.4 518.0 –345.5 23.5 139.665.8 1.5 –191.621.7 –693.3 claims on banks 21.5 94.7 640. Holdings of securities and other assets 8.326.678.1 claims on non-banks 4.2 4.823.7 4.6 15.7 16.6 130.9 222.4 161.3 47.1 2.013.831.0 –1.8 19.5 5.8 26.6 18.7 13.827.1 374.8 68.062.176.5 97.2 B.101.6 720.9 7.0 111.7 –65. December 2011 A7 .9 10.8 6.326.427.5 535.5 260.1 –148.342.645.5 41.162.844.3 74.0 –201.7 691.723.894.760.7 3.6 63.8 10.644.2 1.3 claims on banks 3. External assets claims on banks C.

0 4.3 –4.2 598.0 329.3 2.0 –42.6 1.3 749.6 –1.6 –1.2 62.056.7 44.0 76.1 13.1 630.5 –16.4 744.7 10.5 India Ireland Isle of Man Italy Japan 23.7 0.4 –36.9 51.9 .324.4 16.9 –45.8 –10.3 11.6 2.9 –15.130.761.1 – 2.2 488.9 –0.1 761.3 2.755.0 2.5 –232.7 46.0 2.3 1. December 2011 .524.6 –46.9 –0.7 40.8 62.4 440.1 16.6 192.2 74.8 2.5 9.6 10.3 460.9 830.0 143.1 669.5 81.1 29.2 31.9 40.2 –2.576.3 1.0 1.5 –21.3 15.6 34.1 3.3 2.0 –2.7 28.2 –6.5 67.7 176.0 –66.2 4.3 669.3 747.0 –1.6 696.0 271.6 0.5 –1.0 402.4 310.5 802.6 30.4 –36.5 31.7 38.4 2.4 6.5 43.9 37.8 –42.3 458.510.4 0.8 ..5 2.6 368.7 10.9 –8.2 – 101.5 1.4 179.1 –47.8 319.0 0.7 –30.3 95.4 –0.7 2.243.1 –5.9 –29.5 1.957.2 –7.9 –20.833.8 57.9 11.0 5.1 5.0 7.491.3 104.078.5 25.6 8.8 416.9 230.2 1.3 –32.115..5 367.3 49.8 220.6 –7.9 459.2 5.0 –25.781.8 499.1 0.4 5.9 1.2 – 122.1 174.8 108.3 203.7 80.7 59.5 46.7 150.8 –1.0 1.6 1.4 47.2 154.5 455.9 632.8 98.5 –191.8 5.9 –1.6 113.9 276.5 1.0 5.0 –20.943.3 35.6 45.1 – 17.8 51.8 0.9 48.5 26.0 49.6 841.8 157.7 6.0 –0.8 –10.4 –21.772.9 2.4 204.9 7.6 –92.7 370.4 14.1 298.8 –21.6 11.9 –18.6 –169.4 25.8 –0.0 –9.2 –371.2 152.0 3.9 –41.2 –7.5 –88.8 –7.582.1 33.6 –0.9 790.4 0.3 0.5 –15.8 2.8 –9..0 196.3 –23.0 –28.7 –44.7 18.2 –55.1 .7 3.5 18.6 870.9 2.3 908.5 2.5 16.0 847.811.4 45.9 –10.8 15.3 118.6 20.3 France Germany Greece Guernsey Hong Kong SAR 2.1 829.7 914.325.0 607..0 2.7 –0.8 –24.1 41.4 1.5 25.5 –0.2 31.0 –11.3 40.3 –2..6 –81.7 12.2 –171.2 7.9 93.8 1.1 239.5 824.7 187.6 137.5 .7 21.2 442.9 119.8 30.1 –124.2 845.4 0.1 1..7 –10.4 30.8 38.1 54.4 –328.6 –18.8 –0.2 46.6 1.1 19.4 349.7 39.1 2.7 202. –42.1 746.4 96.6 –21.9 644.955.8 Spain Sweden Switzerland Turkey United Kingdom 597.852.8 8.6 –127.8 –73.0 84.5 7.2 2..5 –102.5 2.169.8 –2.7 –18.4 903. –19.5 298.7 –58.0 –1.9 5.9 161.3 883.687.1 –52.2 –123.3 49.4 –9.2 0.0 34.4 175.5 2.1 18.7 579.9 2.9 81.7 34.3 155.1 41.5 –2.0 –5.3 31.0 669.9 1.690.2 19.0 –5.5 8.4 7.8 –45.9 105.3 –102.1 –11.276.0 17.2 95.4 –1.3 –384.0 –5.9 3.5 –0.2 22.0 402.4 590.3 –37.9 114.2 6.9 Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands Chile Chinese Taipei Curacao Cyprus Denmark Finland Panama Portugal Singapore South Africa South Korea A8 BIS Quarterly Review.1 –150.435.8 17.2 53.465.4 1.2 –4.4 93.3 670.9 602.1 0.1 10.7 –7.6 105.3 –5.5 –0.8 –32.7 2.3 United States (IBFs) (Others) 3.4 1.8 171.1 6.6 – –12.6 32.3 2.1 1.4 1.5 1.4 5.957.3 –94.9 –54.8 –150.9 –53.9 81.8 –2.7 – 104.6 0.2 179.3 313.2 –124.3 –5.1 445.3 0.7 149.2 46.2 –99.1 –2.8 –7.Table 2A: External positions of banks in all currencies vis-à-vis all sectors In individual reporting countries in billions of US dollars Reporting countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets All countries 30.2 173.0 3.1 5.4 –0.2 8.4 –3.6 60.9 61.3 7.9 Malaysia Mexico Netherlands Netherlands Antilles Norway 30.7 804.4 –0.3 0.0 149.0 2.0 72.1 875.8 7.7 –2.1 39.140.5 19.4 25.5 –20.1 (JOM) (Others) Jersey Luxembourg Macao SAR 522.5 49.6 –44.3 –12.4 –93.7 –1.9 255.6 527.3 –5. 18. 112.3 207.2 23.5 –3.4 7.470.1 –2.656.9 436.5 206.5 –8.2 51.0 35.3 546.9 767.9 555.2 –31.9 7.1 25.9 73.7 30.5 176.7 13.7 –8.6 0..2 519.0 –1.5 619.1 39.4 –46.735.1 9.2 –3.3 900.7 717.913.7 7.973.2 52.2 –5.3 75.5 53.6 3.2 –9.1 –3.427.0 3.8 30.8 8.1 –5.771.4 182.4 407.2 1.1 –1.218.3 443.7 –6.566.5 8.0 8.4 3.7 565.0 2.1 193.8 –3.667.1 –5.7 318.0 7.8 –6.9 –73.3 162.9 13.8 34.4 7.854.5 –30.

971.9 –3.3 –4.4 161.0 912.6 253.902.8 8.2 211.4 38.994.577.0 3.3 – 13.2 30.178.7 156.940.3 –165.8 754.7 108.2 1.9 –41.5 6.9 3.7 32.8 –29.3 –0.0 1.5 838.770.2 26.5 926.7 23.8 370.7 55.152.3 17.2 3.0 –5.1 193.6 6. –43.123.1 –9.9 608.6 553.7 858.0 0.0 –2.0 –1.4 683.0 298.1 12.6 17.1 328.9 16..6 –6.4 112.7 –193.795.2 1.7 17.3 43.4 –2.7 –281.3 49.6 620.0 169.2 177.6 –31.3 1.9 31.5 –27.0 16.7 –120.3 23.0 0.1 6.2 –0.7 –338.6 11.6 –153.5 4.4 3.5 235.2 845.5 –0.3 .9 148.1 4.0 –0.6 8.8 49.1 32.397.736.3 424.0 474.5 83.0 1.6 1.7 –65.0 –1.2 –34.5 37.6 45.3 759.7 5.2 –16.3 47.6 –47.6 2.9 979.2 –35.2 29.3 173.6 –3.7 6.296.5 18.4 –1.8 –3.414.9 940.0 279.8 10.0 5.0 13.9 2.6 363.0 826.0 14..2 –223.2 152.4 10.6 2.2 43.0 12.806.9 555.7 –7.8 5.2 10.0 7.6 –77. 16.9 14.510.7 82.8 234.7 –119.4 –11.4 –9.6 14.1 357.6 1.8 –52.2 30.3 3.721.9 .7 50.0 1.2 –19.5 19.784.831.0 902.9 13.2 –3.7 31.1 467.7 571.2 –214.8 13.1 164.8 527.3 700.1 117.9 615.2 3.641.1 33.2 442.3 –53.2 105.5 14.1 –1.7 11.8 39.0 892.2 10..3 15.7 –25.8 59.8 0.6 3.6 49.4 –13.1 85.9 20.7 –149.1 88.5 –125.6 2.7 810.7 86.4 –8.2 740.9 13.4 –100.4 639.3 135.4 527.3 625.8 3.9 –7.8 1.9 –19.7 244.1 6.2 155.2 25.3 269..9 61.3 40.8 1.9 584.5 498.8 382.8 60.3 28.2 3.4 86.7 1.3 125.5 –11.3 1.3 –20.0 2.9 17.696.7 –27.2 –0.4 39.9 –4.8 –48.0 –10.5 – 187.0 United States (IBFs) (Others) 3.0 0.9 .6 0.2 58.5 0.383.1 12.9 171.8 38.3 75.9 100.9 11.7 33.6 218.2 –15.1 14.8 37.1 –4.6 110.4 40.8 107.0 200.1 45.0 7.9 –0.1 76.4 100.0 20.9 –9.3 695.9 Spain Sweden Switzerland Turkey United Kingdom 792.6 –18.3 –5.4 917.2 4.9 274.4 2.4 321.7 654.1 –20.6 37.3 –62.5 37.3 3.7 –13.5 –1.3 14.1 –7.6 91.9 106.8 –0.0 276.221.5 0.4 2.8 623.4 –33.6 5.7 –1.8 532.3 122.5 –7.3 905.4 –79.2 1.3 617.6 81. December 2011 A9 .9 557.9 7.6 8.1 310.9 –72.3 –58.1 178.8 109.0 605.0 53.2 280.5 –5.4 1.9 53.8 2.4 876.8 532.9 –11.4 54.1 2.5 1.9 29.8 –22.3 29.5 1.569.1 –0.2 –12.4 3.7 29.3 64.3 613.6 293.380.1 54.1 – 208.6 3.6 – –14.7 –3.5 3.4 28.9 877.8 –40.7 –21.4 174.824.3 34.8 29.1 –1.2 83.7 103..3 838.5 8.5 12.8 197.815.7 –0.6 –0.3 17.9 –1.0 0.9 116.3 –14.4 2. 101.2 –47.6 6.7 7.0 2.0 –11.0 1.3 0.4 –8.8 –17.1 0.9 (JOM) (Others) Jersey Luxembourg Macao SAR 220.1 71.7 –5.9 118.4 3.1 –7.7 –54.1 657.6 –1.7 592.4 18.7 –3.5 6.7 108..7 –12.5 –0.2 –0.Table 2A: External positions of banks in all currencies vis-à-vis all sectors In individual reporting countries in billions of US dollars Reporting countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Liabilities All countries 28.4 43.6 –60.1 0.7 13.2 952.1 145.5 1.8 151.4 3.3 18.6 –2.1 –63.2 – 192.3 56.131.2 55.6 –2.5 953.4 4.8 2.7 154.2 3.7 1.187.1 528.5 0.5 –0.1 5.6 –6.4 –78.9 –27.9 18.8 207.4 55.6 1.6 517.8 16.5 149.8 306.4 3.422.4 7.2 –2.1 –4.2 45.7 –14.0 –166.8 30..1 .0 –26.5 172.063.8 –41.4 –90.0 –3.3 5.2 –95.2 23.8 804.2 –71.3 –0.7 719.2 –1.6 216.8 10.5 19.7 2.803.4 –46.5 Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands Chile Chinese Taipei Curacao Cyprus Denmark Finland France Germany Greece Guernsey Hong Kong SAR Malaysia Mexico Netherlands Netherlands Antilles Norway Panama Portugal Singapore South Africa South Korea BIS Quarterly Review.0 34.0 –10.3 258.0 –15.2 582.1 346.1 –24.4 –13.5 237.8 1.0 15.7 81.7 1.7 1.9 –3. –18.5 – 1.4 –37.8 47.233.6 117.8 5.8 604.9 3.7 2.1 4.8 29.7 104.3 4.9 India Ireland Isle of Man Italy Japan 89.3 203.1 0.2 –7.3 2..2 1.084.1 438.6 –18.771.820.

9 8.0 15.5 1. 100.1 0..5 0.9 0.2 76.0 0.7 –2.1 2.4 7.8 892.2 0.8 1.4 3.1 –82.8 797.5 2.0 1.5 3.8 71.0 0.5 62.8 19.560.0 –0. 1.4 3.6 0.5 9.6 279.0 478.2 151.9 294.3 27.0 1.0 –0.7 1.7 456.4 10.8 –13.0 57.2 –7.9 0.7 204.8 –21.8 79.1 166.4 –3.8 38.7 12.0 77..1 – 45.0 .3 –11.6 –12.4 6.6 13.5 Spain Sweden Switzerland Turkey United Kingdom United States (IBFs) (Others) A 10 BIS Quarterly Review.2 12.6 20. 1.0 7.195.8 3.6 –2.3 10.6 –26. 18..0 100.9 723.6 90.3 0.3 2.1 1.3 –1.0 Bermuda Brazil Canada Cayman Islands Chile 2.9 0.3 –0.1 219.2 11.4 –5.7 –3.1 France Germany Greece Guernsey Hong Kong SAR 853.2 –3.8 43..7 3.0 16.1 3.4 319.0 80.9 49.8 0.4 17.1 –11.5 1.0 –0.3 2.4 ..3 170.6 –0.5 109.9 3.5 152.4 2. 244.4 46. 1.5 17.5 362.3 3.5 322.9 0.1 –0.5 4.953..9 –0.4 69.177. 1.6 –3.9 414.858.8 241.0 –50.1 18.3 –0.1 98.3 – 5.7 0.4 274..2 6.8 157. December 2011 .1 71.034.0 154.5 Chinese Taipei Curacao Cyprus Denmark Finland 116.7 13. 114.2 101.6 59.9 219.2 –5.6 6.5 27. 56.4 .2 –1.4 3.3 367.8 0.5 21..3 13.9 – –1.9 197.0 850.6 –0.953.5 2...2 93.4 213.9 59.1 1.1 –1.7 98.0 –14.3 20.2 35.4 –0.4 –5.0 3.3 0.9 2.827.8 10.1 –0.2 –3.9 19.2 450.6 –2.1 116.9 –16.0 –6.7 –32.4 35.8 –0.2 –0.5 –9.0 99.4 3.5 3.5 37.6 14.1 2.5 5.0 –0.4 –1..8 183.1 0.0 8.5 869.9 18.8 0.8 152.3 4.7 –0.8 6.9 68.0 2.2 3.7 0.1 –0.3 –1.6 3.4 –16.6 12. 77.9 0.7 –20.7 .7 –41.0 51.9 19.2 15.7 – 5.1 – 43.549.7 0.7 2.6 –1.0 –28.8 0.3 2.3 Panama Portugal Singapore South Africa South Korea 15.6 1.4 11.9 39.8 103.8 9.6 (JOM) (Others) Jersey Luxembourg Macao SAR .7 – 49.7 –33.6 –11.6 321.8 –12.5 –2.0 15.5 172. –5.4 0.7 –0.1 12.3 –14.7 0.1 6.2 1.5 –0.9 8..1 6.2 4.0 –0.8 0.4 .3 –5.1 49.5 41.1 908.4 2.1 11.9 70.1 –30.5 India Ireland Isle of Man Italy Japan 11.9 687.0 Malaysia Mexico Netherlands Netherlands Antilles Norway 6.9 .4 –0.1 ..8 912.8 2.6 –15.7 6.6 1.0 188.9 1.6 137.1 6..6 46.6 53.9 0.0 0.6 3.7 15.5 60.7 77.8 3.8 56.0 –193.7 7.780.4 9.8 284.8 .1 10.3 215..2 73.4 18.8 809.1 144.6 2.3 –0.8 28..6 80.1 –15.1 114.9 –2.0 9.2 7.3 306.7 152.2 –5.2 305.939.603.6 1.8 1.5 2.6 892. –6.6 39.6 1.1 –5..1 –4.8 452.4 1.1 395.5 –426.1 1.5 268.0 131.2 29.6 1.7 36.4 0.1 –0.1 52.2 –10.9 297.0 7..9 161.6 –1..6 16.7 334.2 17.9 –4.8 –1.0 433.6 –0.1 –41.5 383.0 0.6 5.0 112.4 3.7 42.7 46.028.3 –0.0 5.8 –0.5 1.2 –101.3 175.2 244.6 1.6 7.9 –99.7 38.2 .0 4.1 –15.2 –1.Table 2B: External positions of banks in all currencies vis-à-vis the non-bank sector Individual reporting countries in billions of US dollars Reporting countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets All countries 10.5 –0.2 1.7 6.7 215.2 Australia Austria Bahamas Bahrain Belgium 64.2 48.3 13.0 6.1 5..3 49.2 1...8 337.1 18.3 7..4 3.1 6.2 4.1 3.6 –6.6 1.3 8.7 229.8 11.1 6.367.9 1.1 –0.0 3.3 5.8 20. –32.4 1.5 54.9 9.0 –0.3 .4 13.7 –6.1 0.939.7 12.9 47.3 36.075.603.0 12.4 2..8 167.9 –0.0 177.0 0.6 0.2 –18.6 52..1 3.858.3 –5.8 –0.5 19.1 459.4 .3 3.3 .0 236.2 24.2 –65.6 204.6 8.1 –7.3 20.2 0.4 8.2 –50.5 18.3 13.2 –8.0 –29..9 –0..4 837.2 –0.3 22.6 1.6 2.9 –1.6 1.6 4. –4.4 4.7 –1.7 102.5 284.5 0.3 15.2 –1.9 2.6 45.7 .106..2 48.3 –2.1 –3.3 1.8 1.1 389.2 2.4 –18.5 0.7 4.6 –2.4 –3.5 2.3 0.5 30.7 –49.502.3 36.9 60.3 0.0 197.1 0.6 51.3 6.

2 0. 13...8 –2.9 1.4 25.6 7.7 473.2 320.6 Malaysia Mexico Netherlands Netherlands Antilles Norway 13.6 Chinese Taipei Curacao Cyprus Denmark Finland 49.4 –30.3 –0.6 58.1 310.8 66.5 974.1 2.6 14.9 –49.4 483.4 319.3 62.7 20.5 2.2 –1.1 16.7 1.2 143.5 0.7 269.8 23.6 16.4 232.8 6.3 7.0 10.5 64.3 –10.8 0.8 48.7 19.8 –0.4 0.8 49. 313.036.1 295.3 274.7 17.7 0.2 –0.6 51.281.8 –0.0 –40.5 0.5 –1.3 –0.5 –2.1 859.3 –6.0 1.8 2.7 54.1 .3 0.6 106.8 20.3 46.0 6.1 23.8 57.1 150.8 0.8 31.7 1.7 –0.6 153.8 357..5 –14.2 –7.6 7.6 .4 6.3 981.3 5.0 92.0 11.6 951.6 –0.2 21.2 319.5 –1.8 6.7 4.0 4.1 8.2 11.2 313..8 835.9 41.9 41.5 16.4 298.6 144. 230.7 –0.6 –2.7 26.9 1.2 57.3 11.1 –9.8 457.4 3.1 315.5 3.2 – 2.6 45.3 –1.2 –0.5 1.3 4.3 –8.5 –0.8 192.1 10.7 10.7 2.2 49.8 9.5 4..6 –3.4 –2.166.2 40.. –3.4 83.1 –3.6 –2.1 97.0 158.6 80..0 1.9 2.4 – 9.9 266.8 59.5 2.2 0.5 15.5 140.645.8 –0.7 0.4 0.7 5.3 100.5 –6.7 –5.7 0.1 3.7 15.8 8.5 2.3 1.0 3.0 21.0 958.8 215..6 .2 –25.3 4.4 –0.0 –37.6 237.8 32.9 16.6 .0 903.6 69.0 3.6 –124.6 .2 –2.3 61. 2.2 1.7 – 21.8 875.2 16.1 84.0 27.1 0.5 855.6 –1.2 6.5 2..4 0.2 68.3 2.6 7.3 100. 1.7 153.0 6.8 2.1 4.2 1.0 1.4 5.4 –2.5 .6 330.3 –0.8 .0 1.5 0..0 8.4 –0.8 –2..8 357.8 9.7 –1.2 –1.9 7.2 –0.4 189.2 1.3 45.4 – 2.5 –7.4 35.0 – 24.4 2.8 7.1 1.6 9.7 183.6 .3 0.3 71.9 8.6 154.4 4.4 0..7 25.2 0.0 43.1 0.3 7.0 9.8 –17.1 864.3 0.4 212.1 –0.3 –1.0 1.9 –6.8 0.0 2.2 4.8 86.4 –0.187.1 4.0 –0.0 3.5 0.3 ..1 15.4 10.9 –472.4 7.5 –7.6 –13..1 43.9 0.3 174.3 –2.1 17.3 –11.9 3.6 832.8 33.4 26.8 0.1 47.4 7.0 13.3 63.7 33.3 –10.5 –25.7 1. 43.4 104.9 5.5 60...8 8. 357.9 31.5 2.3 –0.7 3.1 –1.0 7.5 –7.8 240.7 89.2 289.8 2.5 23.3 157.1 0.7 –3.3 France Germany Greece Guernsey Hong Kong SAR 139.0 41.1 8.1 7.6 8.127.9 .3 –29.7 7.8 80.8 –8. –30.5 10.7 0.2 4.2 1.9 –0.8 –6. 24.9 1.9 –0.5 –14.8 2.4 7.5 17.Table 2B: External positions of banks in all currencies vis-à-vis the non-bank sector Individual reporting countries in billions of US dollars Reporting countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Liabilities All countries 7.6 286.6 0.0 6.8 ..9 2.5 6.2 –1.2 –129.7 8.8 –2.5 3.4 – 38.2 64.2 –1.2 7.1 25..4 63.3 53.5 0. 75.9 0.3 0.9 –3.1 –16.5 India Ireland Isle of Man Italy Japan 68.1 2.1 0..1 –2.1 13.3 –0.5 64.1 –34.2 8.9 173.4 0.0 0.3 –148.1 –7.3 10.0 –6.6 95. December 2011 A 11 ..1 2.8 –6.9 166.9 1.7 311.4 53.7 –7.8 Australia Austria Bahamas Bahrain Belgium 76.6 –12.7 0.8 155.3 16..1 55. 357..0 0..2 17.7 75.2 40.7 80.9 –37.5 –7.5 –39.3 –6.9 –0.7 58.3 46.4 9.5 41.0 5.8 39.2 2.3 1.8 35.7 0.5 (JOM) (Others) Jersey Luxembourg Macao SAR . –7.3 0.9 2.8 0.0 230.7 41.4 73..0 –13.0 –48.9 –3.8 5..5 71.9 62.3 10.4 –5.0 7.4 149.4 102.2 3.6 28.3 486.0 4.1 0.2 –16.2 –0.9 122.5 198.2 1.5 .997.3 Panama Portugal Singapore South Africa South Korea 15. 53.0 .6 Bermuda Brazil Canada Cayman Islands Chile 1.0 10.9 32.8 –0.0 –11.1 0..9 30.7 –19.0 –0.9 –4.5 444.1 1.8 0.6 34.1 740.7 1.2 0.5 286.2 148.0 7.874.3 0..2 –5.3 –37.8 26.4 37..7 301.5 7.6 5.7 45.9 –6.9 –0.1 –99.6 28.5 Spain Sweden Switzerland Turkey United Kingdom United States (IBFs) (Others) BIS Quarterly Review.0 –0.7 8.8 2.3 1.5 –2.3 98.

2 160.4 –1.6 3.8 – 13.2 19.8 –0.8 707.9 19.6 365. –3.4 –1.1 1.9 .6 91.292.6 26.9 7.291.2 –0.2 –66.5 –18.2 2.6 10.8 195.6 6.2 –4.7 252.6 15.2 1.4 –14.7 27.8 7.7 –2.302.1 171.5 3.0 –7.449.9 –1.736.2 11.5 0.4 0.5 146.6 5.4 0.8 205.3 –4.5 29.4 –0.0 –1.1 –0.1 10.4 –0.7 36.4 –3.3 5.4 0.4 1.7 –213.6 –7.6 4.7 25.2 875.2 250.4 –0.0 –0.4 6.7 –2.8 –6.1 23.0 555.6 5.6 127.4 36.9 391.7 31.8 25.7 20.799.5 318.2 801.6 19.3 –0.3 7.7 10.1 –0.6 1.0 2.7 39.2 40.0 675.5 0.9 166.3 17.9 17.5 13.9 –5.8 0.5 4.6 –46.0 –25.1 –29.0 83.5 1.3 338.1 5.9 –5.4 2.7 1.6 1.4 –59.3 0.5 822.2 29.6 219.6 4.0 –7.2 –4.7 203.0 –23.4 –1.0 2.3 –6..1 –37.386.2 154.9 10.2 –59.6 –99.5 736..8 16.2 –17.3 619.859.3 35.2 –25.1 0.2 –1.556.0 5.0 –82.8 312.1 7.2 168.3 –54.6 –2.6 –22.6 808.8 91.1 39.2 –10.8 –77.1 7.954.8 20.7 –0.195.8 –10.9 159.6 0.5 1.6 153.3 15.4 18.6 –2.8 33.2 –12.2 –0.0 8. 37.1 7.8 824.0 222.1 3.9 760.4 179.4 –8.9 7.0 3.8 0.3 1.656.5 –4.8 –22.5 –24.6 –13.7 759.5 France Germany Greece Guernsey Hong Kong SAR 755.9 76.9 10.2 10.8 224.9 –9.0 527.1 1.5 –2.4 11.8 Chinese Taipei Curacao Cyprus Denmark Finland 186.5 62.9 –5.3 36.2 3.1 212.6 29.1 434.8 693.8 104.7 –30.3 –4.2 872.5 15.9 18.7 84.9 1.2 – 1.5 306..1 7.6 0..4 (JOM) (Others) Jersey Luxembourg Macao SAR 321.6 – 91.4 337.4 –10.2 179.1 –0.8 746.3 148.2 10.0 265.7 –1.0 495.4 76. –13.1 1.4 231.9 53.0 114.4 80.3 4.4 21.0 172.2 863.6 41.8 53.5 –29.2 –1.6 7.9 –9.1 33.0 175.1 333.7 870.6 26.9 Malaysia Mexico Netherlands Netherlands Antilles Norway 26.2 20.781.4 .5 –3.0 16.4 16.1 –1.6 122.3 226.4 6.1 1.8 –10.9 237.098.1 55.4 –127..5 47.9 7.6 50.9 –5.1 –0.2 34.9 5.0 8.8 42.0 22.5 2.3 13.3 48.6 –5.0 2.2 10.3 19.9 35.9 69.7 218.755.3 143.2 –118.9 –105.6 140.3 344.1 64.8 33.4 77.0 –3.1 149.3 35. –2.1 20.7 414. December 2011 .8 1.3 32.6 134.1 1.4 1.1 350.0 –5.0 1.0 –50.8 –9.6 175.8 –2.3 40.4 8..2 1.2 –0.661.2 72.8 –30.7 329.1 10.1 40.1 364.0 3.9 –41.9 35.3 0.3 26.2 154.9 23.1 –18.3 –37.8 –6.Table 2C: External positions of banks in foreign currencies vis-à-vis all sectors In individual reporting countries in billions of US dollars Reporting countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets All countries 17.3 351.6 1.7 –231.1 –2.1 6.7 1.823.8 284.3 –32.4 1.1 1.2 255.2 –1.2 39.8 51.8 –3.6 239.9 .7 435.9 25.0 30.8 48.3 –2.7 –11.4 215.7 176.3 –1.4 –1.0 188.5 –1.9 124.2 3.8 –3.237.8 19.7 –81.8 44.0 471.8 –0.2 745.9 40.9 –11.4 1.3 71.4 –1.7 8.4 7.5 195.0 8.8 396.7 41.7 298.6 –80.3 4.9 –3.2 519.4 136.1 292.5 18.7 – –1.0 26.4 84.5 –8.4 –21.1 –0.2 –32.1 362.8 40.8 157.7 –11.3 230.4 5.9 India Ireland Isle of Man Italy Japan 22.214.4 –0.3 2.2 2.7 34.8 62.4 –58.3 .5 5.0 1.2 436.0 17.4 828.5 5.3 536.0 –34.8 –7.6 4.8 17.9 Panama Portugal Singapore South Africa South Korea 34.0 –29.6 –15.877.7 45.5 –1.8 – 103.9 334.0 –1.0 –2.2 291.8 113.2 4.4 9.5 51.5 13..8 6.2 22.9 776.8 1.9 213.3 –14.3 26.3 –1.1 347.1 –5.7 3.2 10.2 0.8 –2.8 –1.1 723.7 6.7 –2.6 0.7 –0.4 11.8 –0.9 554.5 29.9 32.9 –14.3 70.6 17.0 1.2 –42.1 31.4 –4.6 42.7 –5.7 –29.2 5..9 –13.1 11.5 – 87.6 18.5 158.5 34.6 21.8 5.5 Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands Chile Spain Sweden Switzerland Turkey United Kingdom United States (IBFs) (Others) A 12 BIS Quarterly Review.5 –21.0 98.9 27.2 –43.2 2.2 48.2 149.5 5.5 46.6 51.761.0 136.7 –10.1 0.

4 28..1 13.6 579.2 3.4 1.8 151.8 438.052.5 175.3 16.3 –3.1 –79.3 95.9 223.6 –11.6 15. December 2011 A 13 .4 46.6 14.Table 2C: External positions of banks in foreign currencies vis-à-vis all sectors In individual reporting countries in billions of US dollars Reporting countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Liabilities All countries 16.6 3.4 –41.8 517.7 0.0 9.0 17.5 745.007..5 789.4 –22.3 –27.5 – 0.6 –31.7 – 0.4 –16.6 –5.5 17.0 80.1 1.1 274.5 678.0 20.0 –9.6 –1.4 740.5 –124.0 –66.7 19.0 32.9 –0.5 242.7 11.0 84.4 439.2 166.6 21.6 99.771.2 2.8 8.1 910.3 –0.5 14.4 5.0 208.8 22.3 Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands Chile Spain Sweden Switzerland Turkey United Kingdom United States (IBFs) (Others) BIS Quarterly Review.2 653.5 15..8 1.2 –32.6 799.8 19.7 3.7 0.0 –9.6 –7.1 –35.2 3.4 –41.2 20.7 213.5 10.2 133.4 –20.4 107.6 0.7 91.4 84.0 –14.2 3.3 6.6 –29.7 11.0 –0.2 149.2 34.1 –133.6 1.6 32.1 169.9 10.9 7.5 –15.2 –1.4 0.5 1.5 27.2 27.6 691.8 33.5 1.4 5.9 France Germany Greece Guernsey Hong Kong SAR 897.9 11.4 –41.0 1.3 29.6 3.3 –0.4 –17.8 –10.7 –22.8 –41.6 535.6 –16.8 –0.1 0.9 197.4 3.7 61.4 –3.0 –2.6 1.9 1.3 517.5 1.7 –38.6 0.0 0.7 10.3 6.8 159.8 0.2 5.9 –6.1 17.0 1.6 816.2 76.9 13.3 –0.1 63.084.9 –0.0 – 11.5 213.4 7.3 1.8 527.7 233.5 252.6 1.6 –1.4 106.9 207.0 34.6 –19.9 171.6 810.0 –16.3 173.6 0.8 1.7 –7.8 140. 31.7 45.4 –3.2 152.7 –5.9 418.2 35.2 210.0 11.1 0.1 216.7 –163.0 17.8 30.4 –1.0 43.0 –64.7 –2.4 17.2 496.4 0.7 –9.3 –20.3 19.3 .2 –2.9 49.4 913.7 233.9 60.5 –14.5 Panama Portugal Singapore South Africa South Korea 26.5 1.0 2.374.0 –26.1 –20.4 –13.3 162.4 0.3 168.4 –0.6 197.248.2 –1.2 6.0 5.9 245.3 707.1 106.1 257.2 215.2 5.2 944.8 9.0 61.3 29.1 902.8 Chinese Taipei Curacao Cyprus Denmark Finland 74.0 391.3 75.6 424.1 27.9 29.4 –6.9 555.6 –11.5 0.3 –13.0 218.6 32.8 6.0 44.7 –12.4 17..2 0.5 20.3 2.8 26.8 838.1 4.9 129.5 Malaysia Mexico Netherlands Netherlands Antilles Norway 27.8 0.8 72.795.8 817.0 India Ireland Isle of Man Italy Japan 39.1 – 129.0 12.0 –1.1 –2.1 28.5 41.9 19.8 822.2 3.3 17.696.4 517.1 877.1 30..5 –11.2 83.4 174.1 –101.5 1.5 3.5 26.3 31.6 –0.9 3.7 2.0 526.8 8. –13.2 94.8 –18.2 30.4 828.5 50.0 555.5 4.9 13.5 19.5 8.0 46.2 125.2 777.8 –8.7 21.4 –10.6 2.6 826.2 61.8 12.3 147.4 3.1 .2 15.3 126.6 38.6 –102.7 –8.639.4 10.2 33.3 2.9 442.4 103..7 –7.1 –63.8 648.5 20.2 7.1 –22.6 12.7 1.3 –17.9 –1.2 –3.6 2.9 17.9 15.259.7 95.5 108.4 –30.8 223.7 50.8 1.3 1.3 95.6 174.4 –43.2 31.9 118.7 207.2 40.6 204.7 64.1 236.8 57.5 442.9 .3 9.9 –13.4 614.9 –7.0 26.0 –2.1 –6.2 98.4 35.6 27.5 646.0 19.8 224.7 186. –3.8 –0.7 2.2 –0.3 2.1 1.4 –26.0 259.1 –24.1 –11.7 9.1 15.8 –17.5 41.3 58.4 25.0 67.1 4.7 19.2 –15.3 0.0 279.0 1.1 35.6 269.0 – 126.9 –1.9 0.0 47.8 2.1 1.8 0.2 3..8 –23.3 –0.4 18.1 394.7 –3.7 –0.0 –0.6 163.2 279.4 78.1 –6.0 –6.766.3 –3.2 85.4 –21.1 (JOM) (Others) Jersey Luxembourg Macao SAR 148.4 –2.5 315.5 141.1 13.2 –91.7 5.7 0.5 1.6 15.1 13.4 34.1 170.1 103.2 23.5 149.0 – 141.5 4.0 7.7 8.8 5.6 5. 0.3 27.5 –69.8 20.4 0.0 –0.3 215.5 –20.8 34.9 172.1 2.7 45.4 23.0 20.4 11.6 –242.2 126.1 32.3 –80.7 –77.3 713.2 17.0 39.1 –66.1 –1.9 262.7 0.9 3..1 –11.5 191.3 –22.4 645.9 2.9 383.7 –15.4 –1.7 1.9 .2 –19.1 –2.7 –25.819.3 –15.1 11.5 3.3 91.427.9 –1.9 3.7 31.2 121.5 480.0 –20.

2 2.3 .8 –0.2 0.8 38.0 3.8 –0.3 302.1 284.9 –10.5 –0.4 49.8 –8.2 82.0 87.9 0.1 433.4 0.2 3.1 389.7 4.9 –50.7 –10.8 345.6 1.1 0.1 136.7 5.3 6.1 0.4 9.0 5.0 142.2 104.8 3.7 –4.0 18.8 48.5 83..2 194.6 169.5 53.4 –10.8 1.9 0..8 –4.3 .2 0.8 8.2 89.4 1.9 16.8 112.8 0.0 18.1 –0..0 202.2 12.2 –1.8 .0 283.3 6.5 0.2 2. –0.4 173.3 325.1 11.1 4.5 2.3 –1.4 18.6 4.5 1.8 5.4 2.5 3.0 4..6 –7.2 0.1 0.3 1.0 8.9 7.8 India Ireland Isle of Man Italy Japan 10.4 Australia Austria Bahamas Bahrain Belgium 43.1 32.0 –21.7 180..367.5 55.2 –0.5 18.1 .2 –0.6 5..9 –0.3 1.7 1.0 2. –21.1 –39..3 45.7 1.5 6.9 .5 2.4 10.8 –4.1 9.7 113.4 1.7 89.3 153.Table 2D: External positions of banks in foreign currencies vis-à-vis the non-bank sector In individual reporting countries in billions of US dollars Reporting countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets All countries 6.1 26.3 79.267.5 Panama Portugal Singapore South Africa South Korea 15.0 53.3 9.3 1. 1.7 0.3 2.5 39.8 0.9 0.9 14.7 98.7 1.7 152.5 –274.1 –0.0 1.4 –0.5 18.5 4.2 11.5 –0.0 Malaysia Mexico Netherlands Netherlands Antilles Norway 3.9 0.1 3.9 179.8 –13.8 0.7 Bermuda Brazil Canada Cayman Islands Chile 2.1 97.8 2.8 –0.8 18.3 .6 90.2 3.7 105.1 3.1 –1..5 18.5 49.2 5.522.6 46.4 323.1 2.3 45.0 245. 13.9 2.0 1.5 0.3 0.2 –0..1 67.0 .2 0.9 166.4 –6.4 67.2 –5.8 –0.9 165.3 96.1 –15.2 –0.6 3.3 0.9 0.367.6 383.3 Spain Sweden Switzerland Turkey United Kingdom United States (IBFs) (Others) A 14 BIS Quarterly Review.5 109.5 21.4 13.5 5..9 –17.3 –0.4 –3.4 –3.3 15.1 0.4 14.0 0.9 12.7 3.1 8.1 –0.6 1.0 339.3 –0.4 9.0 36.1 –0..2 –30.0 7.7 –2..7 144.4 0.4 11.1 –16.7 – 1.2 .0 3.7 95.4 –1.2 – 5.0 0.0 –5.9 116.1 5.977.4 –0.3 –1.4 3.8 –0.4 –0.3 159.8 4.9 389.5 1.2 14.342.3 15.4 –42.3 –1.2 .9 –0..0 –0.8 17.4 5.3 0.1 2.1 4.4 5.8 –18.6 2.8 0.0 172..4 2.614.8 2. 180.522.4 19..5 –0.3 268.4 1.8 0.2 –5.7 –0.7 55.0 –38.6 1.5 96.0 115.5 52..6 111.2 339.0 13.614.4 87.4 0..3 7.1 3.0 31.5 –5.1 3.6 0.0 1.4 1.1 124.5 –11.6 –2.4 2. 95. –5.3 5.3 1.5 1.8 –0.3 (JOM) (Others) Jersey Luxembourg Macao SAR . 1.7 60.4 7.7 1.2 15.4 France Germany Greece Guernsey Hong Kong SAR 275.1 –5.4 6.2 6..9 – 40.2 2.3 0.5 30.5 8. 115.579.5 –0.3 1.6 397.6 –0.6 13.5 3.6 –0.6 7.3 294.2 38.3 2.2 0.8 –2. –42.5 –54.2 – 42. 1.0 0.2 –0.7 –12.9 21.2 5.9 0.5 –0.1 –175.1 –0.1 –9.2 52.5 59.3 –0.6 70. December 2011 .6 Chinese Taipei Curacao Cyprus Denmark Finland 116.0 –1.1 –3.9 2.8 –0.3 –2.2 7.9 0.4 95.5 24.2 .5 9.1 46.8 0.0 154.1 –5.5 1.5 –2.9 1. –3.2 –0.9 78.2 –0..0 6.1 2.248.2 –9.4 –0.4 52.0 2.7 1.8 39.8 –7.3 1.3 5.4 0.5 –18.6 2.0 –0.3 2.4 45.5 2.6 95.1 11.8 –21.0 71.7 –21.2 –0.6 –4.0 1.3 .6 107.2 –0.5 122.9 452.2 187.7 10.8 6.0 0.5 6.1 142.1 0.3 8.0 19.5 –5.2 –10.7 0.1 8.2 1.6 –9.9 1.5 –1.8 4.8 3.7 2.7 –0.5 –1.0 14.6 –4.0 3..5 0.9 86.9 4.3 20.145.2 –0.8 132.1 105.3 –15.1 18.3 – 46. 67.1 2.1 11.0 .9 111.5 1.9 4.8 5. 1.9 6.7 49.1 119.9 –2.0 –50.0 0.2 93..1 3.6 7.9 0.1 0.8 –6.2 –2.0 48.3 5.7 2..0 – –2.1 15.2 –39.4 86.5 .9 –7.7 3.9 19.1 21.9 2.3 3..3 –0.8 3..9 3.3 –0.014.1 –0..9 51.2 9.1 –0.6 4.3 1.2 –3.2 8.6 0.2 177.8 –1.4 14.4 8.9 0..1 126.8 –5.5 219.306.0 48...680.4 –0.579.

5 11.9 Panama Portugal Singapore South Africa South Korea 15.2 0.0 200.0 0.6 8.6 –0.3 4.607.5 –0.5 64.4 –7.5 154.9 27.3 2.2 89.1 1.5 49.9 1.9 –0.2 (JOM) (Others) Jersey Luxembourg Macao SAR .9 –36.0 1.6 –8.4 51.7 277.5 835.9 6.5 86.3 408. –18.7 48.9 45.6 – 4.127.1 –0.6 – 14.5 –0.6 –0.3 –7. –2.1 277.6 Malaysia Mexico Netherlands Netherlands Antilles Norway 4.2 46.4 0.6 –2.9 1. 71.4 286.1 –0.1 0.5 –9.8 4.5 –2.7 1.8 Australia Austria Bahamas Bahrain Belgium 51.1 –0.855.6 51.9 0.2 0.1 17.3 3.5 24.0 13.7 8.1 58.3 –6.4 0..2 .8 27.7 25.6 5.4 7.3 7.7 1. 13.3 –2.2 –6.5 0.9 6.1 –0.1 17.7 –14.7 34.3 29.0 –0.2 1.5 –2.4 6.1 2.2 –1.2 2..1 9.2 3.7 0..3 Spain Sweden Switzerland Turkey United Kingdom United States (IBFs) (Others) BIS Quarterly Review.0 1.8 2.7 0.2 0.6 47..5 4.2 25.0 2.2 –3.6 –0..1 50.3 48.5 740.4 135.5 3. 277.8 –1.0 5.3 53.3 –2.2 5.7 1.4 0.3 –0.4 2.2 8.1 –2.8 – 17.8 57.9 –4.1 864.0 .6 –4.2 8.7 17.3 –11.1 31.5 1..6 72.3 46.5 11.7 5.2 –124..6 – 1.1 79.8 –4.8 17..4 3.1 3.0 –29.5 Chinese Taipei Curacao Cyprus Denmark Finland 42.7 12.6 0.5 71..5 8.4 8.5 –0.1 5..7 152.7 0.6 13.4 76.6 15.5 295.1 4...4 0..8 15.661.8 5.1 45.1 27.0 –18.2 3.8 1.1 7.4 9..0 11.5 –4.3 29.3 .7 54.1 72.1 0.0 2.5 –0.0 0.8 52.7 –2..3 –7..5 129.3 –0..3 0.6 27.3 3.2 –0.1 4.4 –3.7 1.2 –2.0 0.3 –11.4 –0.9 –2.3 35.9 40.3 29.8 19.5 53.4 34. 230.6 2.5 7.1 10.6 38.2 28.2 –6.4 0.0 274.4 25.2 0.5 –2.8 0.8 –99.5 Bermuda Brazil Canada Cayman Islands Chile 1.1 –5...8 –17.7 24.0 1.8 –14.2 34.7 –0.4 6.3 49.0 29.2 17.2 14. 161.1 1.3 France Germany Greece Guernsey Hong Kong SAR 44.8 20.2 2.8 2.8 5.3 5. –0.8 –0.0 3.8 –0.3 –1.6 74.5 148.2 130.9 –0.1 23.0 3. –8.2 21.6 11.3 14.1 0.6 7.8 6.6 8.1 –2.8 –39.1 –0..5 0.0 1.6 0.5 5.5 144.7 4. –1.8 –0.4 2.8 0.1 –7.9 7.7 1.7 0.4 0.1 0..6 4..0 23.7 58.1 8.4 –1.6 –4.9 903.6 .7 18.2 0.2 – 2.2 .0 0.5 0.7 0.8 –6.3 –1.1 .0 4.6 1.3 0.6 0.4 13.7 2.0 13.9 –247.2 39.1 0.0 12.0 0.1 –0.3 –20.3 423.6 10.7 13.5 6.134.8 4.3 87.7 20.5 0.8 1.9 2.4 –0.2 75.4 .2 0.2 –1.7 –0.9 12.5 2.5 5.3 –0.7 .1 153.0 1.2 12.3 4.8 441.6 8.2 3.7 4.3 –23.8 0.2 –21.3 –1.9 1.2 70.6 0.0 – 14.4 –1.5 –4.8 69.Table 2D: External positions of banks in foreign currencies vis-à-vis the non-bank sector In individual reporting countries in billions of US dollars Reporting countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Liabilities All countries 4..6 –1.7 0.6 0.2 5.4 1.1 –0.4 1.1 78.3 49.1 300..9 0.4 7.2 73.925. 277.2 India Ireland Isle of Man Italy Japan 24.4 13. December 2011 A 15 .6 10.7 –40.8 5.3 –1.0 3.4 166.4 –14.0 –1.0 182.6 1..8 2..1 0.1 24.5 5.2 14. 2.5 1.9 5.6 0.9 –7.2 6.0 2. 49.7 0.9 .4 2.2 1.2 77.4 0.0 3.9 –2.0 0.9 50.8 13.4 0.726.2 3.2 –0.8 3.4 6.5 –6.4 –1.8 –2.4 24.8 28.6 .6 161.3 187.4 –0.1 0.3 5.6 168.4 78.4 15.0 428.8 –1..1 48.8 78.7 –0.5 –1.0 0.9 1.8 2.8 0.6 2.0 –6.7 0.0 47.9 –1.9 16.9 2.8 6.2 –20.2 0.5 0.8 1.0 32.4 –0.5 0.5 –37.7 –0.5 77.8 0.9 5.9 2.6 .5 16.4 –0.1 0.5 5.4 2.3 28.2 –2.0 0.0 0.8 0.5 143.6 –2.917.8 2.6 0.5 –0.1 –1.7 1.7 26.0 2.0 2.6 8.6 0.8 .1 –26.5 269.9 –3.1 3.4 46.0 230.0 –0..2 78.6 . 45.8 0.2 8.2 164.

8 6.1 0.9 513.9 96.5 –3.6 26.9 115.3 –20.2 –17.4 –23.507.5 4.1 –12.0 961.8 74.1 58.6 1.5 –25.5 Spain Sweden Switzerland Turkey United Kingdom 335.5 3.1 86.4 –1.096.6 27.3 –6.3 –0.1 73.3 272.3 194.4 1.5 88.0 9.3 1.3 –0.7 –14.8 43.5 5.8 118.2 85.3 –5.8 –4.9 49.4 –226.4 10..3 –3.1 –3.1 113.7 164.5 –1.2 13.0 45.2 2.3 69.9 308.3 22.7 33.2 –3.9 498.3 2.0 756.6 3.0 –27.123.729.4 5.9 688.9 –1.9 –14.9 81..9 461.7 –250.1 427.9 716.5 –56.3 669.9 22.8 –387.8 –2.9 164.5 501..7 35.9 –2.3 45.6 619.0 630.3 –86.2 –7.7 48.5 –35.7 2.2 31.1 1.8 32.0 –0.6 28.9 88.4 57.0 148.0 445.3 –262.8 2. December 2011 .8 19.3 –2.425.4 –43.6 76.7 416.5 9.9 590.9 1.1 –28.0 4. 57.2 258.1 –4.8 617.0 311.1 22.8 –46.9 159.2 22.0 –0.6 593.2 85.4 –5.1 443.587.0 154.9 3.5 2.8 2.5 –5.6 0.417.4 2.0 –33.8 228.8 157.6 36.0 .2 36.5 –20.7 0..6 53.4 86. –20.4 17.9 0.7 28.896.9 573.8 1.1 –52.4 0.5 27.2 300.603.9 –0.4 11.1 3.6 142.7 41.0 250.1 707.0 270.3 667.2 1.2 21.7 –0..1 349.5 –2.2 805.7 440.5 2.8 0.3 2.839.1 20.0 2.7 0.9 –0.3 1.1 .1 – 79.2 41.717.4 4.2 –1.9 –14.5 9.6 –19.8 –130.6 12.5 5.5 23.5 106.2 159.2 40.8 –87.836.6 264.7 4.1 5.0 74.2 535.2 19.7 Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands Chile Chinese Taipei Curacao Cyprus Denmark Finland France Germany Greece Guernsey Hong Kong SAR A 16 BIS Quarterly Review.7 5.8 –5.9 23.8 74.3 668.0 –0.5 333.8 United States (IBFs) (Others) 3.3 1.3 83.6 100.9 –16.0 –174.9 19.3 52.635.3 517.6 –3.4 29.7 –172.9 –2.2 6.3 –49.1 30.3 0.1 0.8 84.4 –5.1 1.6 –30.5 1.2 9.9 316.5 –102.2 7.9 2.2 1.7 18.1 17.9 –1.3 –2.5 13.8 211.7 – 64.4 –21.4 –4.0 –83.4 –0.7 11.5 32..0 1.092. –21.4 14.5 0.620.1 2.3 147.5 6.1 11.9 80.2 –9.2 11.9 –4.5 6.3 4.5 3.0 5.3 4.5 179.7 459.7 15.0 23.8 5.2 –6.1 2.1 4.8 380.0 4.8 42.6 40.4 –23.3 31.8 88.6 1.4 1.2 530.8 –5.1 791.1 6.5 81.7 –2.8 1.2 251.505.7 856.894.062.2 Malaysia Mexico Netherlands Netherlands Antilles Norway 21.7 143.1 30.2 –26.4 2.7 5.3 –5.9 2.0 1.Table 3A: External loans and deposits of banks in all currencies vis-à-vis all sectors In individual reporting countries in billions of US dollars Reporting countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Loans All countries 21.4 26.4 29.9 467.9 – –6.6 88.4 716.7 1.8 3.5 20.0 42.1 –0.6 0.5 42.3 37.5 259.4 508.3 –7.8 –3.3 –4.0 154.9 – 60.4 640.2 28.1 –19.6 5.2 11.1 2.4 3.9 –15.9 –31.2 –47.1 31.7 9.3 41.4 1.2 7.6 153.6 150.7 27..9 161.3 424.9 736.5 403.0 –36.4 1.3 2.2 23.8 3.666.4 1.7 4.8 1.0 3.0 5.6 1.1 112.9 –43.0 36.3 826.9 –4.4 0.9 4.035.9 –0.8 –2.8 –2.8 108.4 572.0 871.6 0.5 30.5 26.6 118.4 –38.6 46.3 –7.1 –15.661.4 .4 3.2 –2.8 2.5 –1.6 –3.5 807.3 –25.5 3.4 –8.6 29.9 0.1 122.1 –7.9 –13.3 –7.8 176.3 29.0 –16.2 1.7 –78.9 370.6 74.496.1 37.8 632.0 –1.8 –159.5 1.1 10.5 (JOM) (Others) Jersey Luxembourg Macao SAR 522.6 2.4 –1.4 –0.5 –23.0 .674.7 17.3 1.3 – –2.6 –7.7 138.721.7 43.8 99.8 20.7 –14.8 65.1 30.5 –83.6 1.1 275.2 7.5 30.522.8 66.5 –126.809.5 –2.2 India Ireland Isle of Man Italy Japan 21.7 11.8 –75.4 90.6 –48..7 1.3 –0.9 379.9 70.5 17.5 155.0 159.0 182.454.9 5.9 –3.5 –115.8 74.2 19.2 56.7 439.7 42.2 –94.2 245.6 –21.3 0.9 358.9 0. 1.4 806.8 –1.562.0 –34.7 11.3 39.2 –112.5 4.5 296.0 –6.2 5.8 4.4 57.0 –0.7 –1.8 –10.013.7 6.2 5.5 Panama Portugal Singapore South Africa South Korea 25.5 260.4 –0.980.2 466.098.6 563.9 – 13.2 41.4 699.4 511.9 328.2 31.958.9 41.7 14.0 115.

6 0.2 28.9 32.3 6.3 –0.4 10.4 53..5 –0.8 23.1 2.8 2.226.5 192.9 545.0 174.5 35.8 136.1 1.1 3.6 –2.113.9 127.4 –31.167.9 74.1 0.2 –64.2 557.0 17.6 540.4 24.5 –24.8 45.5 1.2 –2.7 20.3 –3.2 8.1 –1.4 44.2 0.4 21.6 553.0 11.7 1.1 110.9 30.1 16.8 57.9 819.8 17.6 –0.3 19.1 1.3 4.9 918.8 651.0 –26.8 77.6 –16.4 171.6 –0.6 11.7 .4 – 137.3 171.2 137.2 0.9 2.693.9 1.8 0.4 4.8 –52.8 199.5 135.5 3.3 550.3 3.0 17.3 223.2 804.6 23.7 –2.2 4.1 –7.5 –3.8 – 2. 95.7 0.6 –8.4 –4.727.2 113.4 894.8 0.4 340.9 1.4 4.7 234.7 1.594.1 30.0 190.3 0.0 –259.9 .0 8.6 –165.4 3.0 –38.8 –0.0 –68.0 2.3 2.312.8 506.6 1.3 –10.6 –3.724.1 5.3 42.Table 3A: External loans and deposits of banks in all currencies vis-à-vis all sectors In individual reporting countries in billions of US dollars Reporting countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Deposits All countries 23.1 117.0 175.7 6.2 –56.0 0.0 128.3 27.8 2.4 –6.2 20.6 –41.1 .5 28.4 17.2 –1.2 0.6 –14.3 4.5 1.8 21.2 56.9 5.6 1.2 55.9 –53. –13.3 582.1 0.800.1 315.0 118.9 –131.3 738.7 –13.9 –9.2 –27.6 0.2 –201.8 1.9 0.5 10.249.7 227.9 1.299.0 –3.2 838.8 –35.3 14.0 24.7 759.712.8 872.0 23.0 –162.1 51.5 17.0 –19.0 0.1 151.8 31.8 7.9 India Ireland Isle of Man Italy Japan 66.0 –7.2 –19.0 363.6 –7.2 –2.7 22.6 534.3 –17.2 –9.851.9 463.1 200.7 21.0 75.7 .2 –12.6 1.9 –153.3 0.5 2.5 –4.4 –34.1 5..8 –23.3 1.9 60.2 1.8 775.1 54.0 –1.1 –7.7 –240.9 510.719.4 1.7 149.4 –2.2 –120.3 33.7 –10.8 19.2 17.8 10.1 18.6 181.3 73.274.4 (JOM) (Others) Jersey Luxembourg Macao SAR 220..2 11.8 153.5 933.639.864.0 –35.7 –78.2 78.0 11.2 –48.6 212.4 613.3 143.1 11.2 –25.3 663.8 –8.3 –11.7 174.9 80.1 4.6 5.8 4.9 8.2 –12.9 160..5 10.3 –48.282.9 13..8 –54.2 81.8 7.8 76..3 356.3 0.7 –32.6 3.4 178.5 1.7 609.6 –12.3 1.9 19.2 3.6 1.5 20.3 4.0 –4.9 7.0 528.3 –191.5 –20.0 –1.5 –1.0 113.2 1.0 –13.8 –58.4 3.0 170.8 235.7 –589.2 –8.3 1.2 39.4 20.8 712.9 –75.4 55.8 –13.0 –43.1 166.7 42.6 3.728.7 149.4 5..4 –111.9 762.120.8 181.9 61.4 14.4 196.5 –0.3 –1.7 339.7 –41.8 3.1 116.1 10.7 0.156.6 85.2 201.3 97.7 1.9 –3.5 1.2 – 123.5 188.1 –0.2 12.7 6.4 23.7 –8.8 157.3 237.883.9 191.1 605.1 –0.012.5 6.5 873.887.2 822.2 15.1 19.8 Malaysia Mexico Netherlands Netherlands Antilles Norway 32.8 409.0 92.2 577.6 9.3 17.9 9.2 –11.3 4.6 3.4 2.3 632.7 –21.4 152.2 –0.4 12.6 5.6 –126.7 593.9 14.5 0.3 11.9 826.3 –5.4 355.6 584.3 –17.1 –4. 18.8 –8.1 2.5 5.3 164.4 1.4 18.2 56.6 131.4 19.6 3.6 172.9 24.1 84.7 81.6 42.7 905.3 204.5 958.0 104.8 3.4 1.4 83.6 –0.2 57. –39.0 10.8 1.4 1.5 670.4 –67.8 440.8 54.0 592.9 196.1 –9.9 21.188.2 178.3 26.5 2.0 219.0 – 125.6 Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands Chile Chinese Taipei Curacao Cyprus Denmark Finland France Germany Greece Guernsey Hong Kong SAR BIS Quarterly Review.9 –9.731.0 2.3 28.7 –15.2 –0.2 71.6 80.1 7.3 –8.3 779.2 4.129.5 81.4 –12.2 –10.6 32.3 –0.8 0.7 –0.9 5.5 892.8 12.843.4 73.8 1.2 222.8 –1.3 640.6 –8.291.5 1.9 840..5 125.0 79.5 171.1 527.840.5 120.8 109.493.9 –14.1 719.1 8.3 40.9 –3.1 580.2 18.6 –3.7 Panama Portugal Singapore South Africa South Korea 21.5 –28.6 1.6 35.0 –20.4 5.4 100.8 1.3 –16.0 –5.6 3.7 –9.6 88.3 4.1 –41.6 –5.7 53.6 31.5 700.0 United States (IBFs) (Others) 3.6 –10.0 4.6 3.4 Spain Sweden Switzerland Turkey United Kingdom 716.8 1.669.3 562.1 26.8 200.5 95.8 133.3 –0.9 – 9.3 142.7 112.7 –0.4 6.1 –16.7 41.3 30.5 – –9. December 2011 A 17 .

5 6.1 57.8 54.1 18.2 –1.6 887.1 2.6 715.3 –0.2 0.9 0.2 2.0 268.4 0.9 0.4 1.6 0.Table 3B: External loans and deposits of banks in all currencies vis-à-vis the non-bank sector In individual reporting currencies in billions of US dollars Reporting countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Loans All countries 5.4 18.5 89.7 829.4 0.4 43.5 .9 52.1 52.4 –2.1 18.9 3.7 .8 4.2 –7.8 404.7 314.5 –3.8 0.7 4.6 98.4 1.1 –0.5 2.9 Panama Portugal Singapore South Africa South Korea 11.8 0.9 15.3 .0 3.3 2.3 29.8 2.1 –19.8 28...5 –8.6 –0.907.7 –1..8 0.0 4.9 27.4 0.7 –48.3 .4 2.3 –49.4 0.3 13.4 294..0 129.665.9 1.1 18.7 489.6 3.4 4.9 –2..5 0.3 77.7 616.0 3.5 –3.2 9.1 0.4 15.5 6.9 151.2 10.7 – 0.6 Spain Sweden Switzerland Turkey United Kingdom United States (IBFs) (Others) A 18 BIS Quarterly Review.5 160.7 –0.0 62.8 .3 3.2 20.1 0.. –66.1 5.4 8.4 –0.5 1.0 43...4 –11.9 0.3 3.7 0.5 –0.2 –3.5 16..5 259.0 1.4 5.7 4.2 4.0 2. –1.8 –60.8 0.7 –0.1 –10.2 –0.9 13.2 5.9 488.4 112.0 70.3 1.8 –0.1 –1..1 3.1 38.2 –17.9 77.9 2.7 38.0 0.4 2.2 346.6 219.3 –34.5 69.995.2 .4 –0.3 371.5 –10.8 3.5 5.0 53.0 3.9 0.4 .8 –1.766.3 1..7 10.5 –3.3 0.9 34.1 5.3 –1.0 16..7 39.2 117.7 –3.4 0.4 .5 0. 57.9 1.5 13.0 1.3 –1.9 –0.1 7.9 2.0 2. December 2011 .6 45.0 4.3 0.5 1. 488.5 6.2 109.4 0.0 3.6 1.0 111.0 0.6 93.3 1.7 1.0 320.9 9.7 –24.3 –0.6 1.5 9.1 19.3 10.3 198.2 46.2 0.6 –2. 34.791.4 39.2 122.0 5.3 8.5 124.0 2.0 173.5 8.3 16.4 1.6 306.1 16.4 –2.1 –4.8 125.5 1.9 –0.8 28.3 2.1 .8 200.5 –0..8 6.7 248.6 –0.5 1.2 1..5 138.5 –5. 17.8 1.4 ..0 115.7 30.3 142.7 10.8 7.1 –19.2 0.5 –0.1 3.9 679.1 3.6 18.8 328.5 7.3 56.502.6 3.8 –0.7 71.1 175.5 11.0 –2.1 44.5 –5..9 149.2 –1.3 –0.1 India Ireland Isle of Man Italy Japan 11.1 2.5 –1. 1.8 789.8 3..9 3.5 –20.8 – 22.8 6.2 –0.5 118.2 Malaysia Mexico Netherlands Netherlands Antilles Norway 5.2 19.1 2.2 France Germany Greece Guernsey Hong Kong SAR 256.6 0.1 15.0 0.7 Chinese Taipei Curacao Cyprus Denmark Finland 30..5 0.8 0.0 5.2 .6 2.3 –0.9 115.5 0.8 35.8 –2.9 –2.8 30.8 –0.2 2.9 0.0 78.9 –3.3 3.1 158.0 2.0 1.9 14.7 0.0 0.8 87.7 1.9 –6.2 –10.1 –0.0 21.7 –66.2 –0.8 12.2 16.4 124.9 19.4 93.0 11.8 –14.0 0.4 –0.1 10.6 1.1 90.1 42.1 65.6 63.4 1.2 –1..8 6.2 906.1 23.3 123..6 0.9 –0.4 – 20.6 –6.2 8.5 2.0 634.9 27..3 4.4 –31.3 0.6 0.5 0.8 65.6 – –1.0 105.1 174.2 7.4 186.1 3.2 –0.9 3.4 5.3 1.0 –0.2 11.5 50.. 0.9 0.1 88.9 1.6 35.1 0..3 2.3 0.8 0.4 –186.3 3.2 4.6 3.8 0.9 –21.5 12.5 0.9 – 21.7 5.5 16..7 11.6 –1.8 1.7 –10.2 0.6 135.5 19. 1.3 4.383.7 27.9 0.0 – 0.2 0.7 –0. 6.1 148.5 1..0 656.0 26.1 2.9 9.5 51.0 114.8 6.3 5.4 31..8 .7 .9 0.5 2.0 451.4 12.6 18.2 297.2 Bermuda Brazil Canada Cayman Islands Chile 0.9 (JOM) (Others) Jersey Luxembourg Macao SAR .2 141. –3.6 –15.8 18.0 845. 451.5 –10.6 –0.6 180.4 12.3 862.2 1.7 11.4 151.0 27.3 284.3 40.7 6.4 –20.7 37..6 41.8 –8.4 58.3 10.5 2.4 12.5 2.7 0.3 149.3 –0.6 43.9 0.8 1.0 –0.5 122.1 0. 489.4 1.5 17.1 385.5 293.1 2.5 41.6 676.6 –1.3 10.0 62.8 4.4 36.723.0 17.6 Australia Austria Bahamas Bahrain Belgium 26.2 19.1 –3.0 –0.6 41.2 4.6 14.3 –21.8 3.5 0.6 275. 385.6 5..3 –0.2 –0.4 7.8 –462.3 46.9 0.3 34.3 –20.1 48.

1 904.1 28.4 –1.2 –1..0 75.8 24.9 1.8 57.5 1.1 157.0 2.Table 3B: External loans and deposits of banks in all currencies vis-à-vis the non-bank sector In individual reporting currencies in billions of US dollars Reporting countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Deposits All countries 6.9 –6.8 0.2 .0 .8 357.4 –2.9 –3.6 21. 357.1 0.5 0.2 0.8 .8 7.7 – 19.6 32.4 37.9 30.5 2.9 153.1 –0.3 –0.5 –2.2 33.0 –41.9 97.0 111.7 7..9 –2.5 10.9 7.7 3.5 5.4 0.2 95.6 864.9 8.9 –0.3 – 2.0 1.3 4.9 –0. 230.0 1.7 Bermuda Brazil Canada Cayman Islands Chile 1.8 0.3 –0.8 140.2 –141.2 257.1 12.5 0.3 –0.2 55.1 –31.7 158.6 18.8 14..0 16.2 298.5 –0.0 1.3 2.0 11.2 63.1 27.2 230.0 894.9 2. 357..1 –0.2 16.2 40.9 0.9 2.4 41.7 176.0 64.1 1.5 66.0 3.0 –19.6 –2.5 –17.4 –6.2 1.3 100.1 0.8 817.8 8.9 1.1 –3.2 Australia Austria Bahamas Bahrain Belgium 44.3 53.0 10.2 0.5 483.1 814.2 0.9 495..6 Malaysia Mexico Netherlands Netherlands Antilles Norway 9. 53.2 183.3 –0.3 2.1 3.7 –2.7 100.8 15.0 7.1 11.2 –0..5 794. 313.4 – 16.6 77.0 –0.2 234. –30.3 319..3 46.8 212.3 –6..4 9.2 –5.4 –30.4 –2.8 0.3 –0.4 7.9 0.4 9.7 73.3 274..7 269.2 155..3 15.5 153.1 13.7 23.8 –19.0 0.1 –37.4 9.8 56.2 25.1 54.8 8.3 –22.8 149.0 –9.4 0.0 7.8 –0.2 –2.8 1.4 4.6 144.5 –2.8 21.2 2.8 0..0 –6.0 0.8 41.5 1.1 0..2 –1.7 0.7 –3.1 3.8 2.5 286.9 216.1 1.2 314.5 4..9 162.5 –2.4 –2.3 15.0 India Ireland Isle of Man Italy Japan 52.1 –37.3 486.3 6.7 1.2 73.1 854.6 198.5 –39..5 France Germany Greece Guernsey Hong Kong SAR 139.4 –3.7 457.2 1.8 357.2 25.5 42.7 5.0 881.9 –6.6 1.5 –0.8 –0.1 9.1 0.. 0.0 35.7 26.3 –6.5 1.3 1.8 –0.3 16.1 295.2 0.1 –7.2 3..5 0.2 0.4 3.5 .6 15.9 –18.7 6.6 40.7 16.6 .9 0.5 (JOM) (Others) Jersey Luxembourg Macao SAR .6 20.5 –14.0 – 32.9 1.9 .6 8.9 –0.4 23.1 1.1 0.8 0..0 1.2 16.2 –24.8 70.8 4.3 0.0 8.6 37.2 –0.1 68.3 10.8 –19.0 74..4 Spain Sweden Switzerland Turkey United Kingdom United States (IBFs) (Others) BIS Quarterly Review.7 28.0 57.4 3.4 –11.4 .6 93.4 2.4 58.2 52.7 25.9 1.9 8.9 –0.2 –5.6 57.5 25.4 2.2 –0.1 0..7 1.5 –4.3 3.1 .3 –0.0 61.1 3.3 10.1 310.0 23.5 3.9 .3 887.2 313.8 48..6 7..4 68.1 1.2 2.3 –0.5 10.7 14.0 –48.7 58.2 –0.9 71.7 –1.5 9.6 153.6 1.2 0.2 141.0 7.9 31.2 0.2 –121.4 31.1 –97.7 58.4 –16.4 51.7 311.6 –1.8 0.3 –29.417.2 266.5 –14.9 7. –3.7 32.1 50.2 1.2 25.2 –2.9 24.7 26.2 200.1 4.9 50.4 86. 12.5 –7.3 –1. 24.1 63.8 –11.8 183.8 Panama Portugal Singapore South Africa South Korea 15.2 53.6 143.7 162.6 5.2 –1.5 0.2 45..2 0.7 0.3 –481.5 0.1 –0.2 62.5 .6 7.5 150.5 .6 –8.6 330.1 –0.1 7.1 717.1 173.0 7.4 –0.6 2.004.3 –2.7 –3..1 3.7 2.7 0.0 7.5 Chinese Taipei Curacao Cyprus Denmark Finland 49.7 –0.5 7.7 301.4 3.7 –0.0 10.5 –0.9 41.2 0.6 764.9 –13.8 0.8 0. 75.9 1.9 41.8 0.4 88.1 4.2 3.9 19.719.1 5.441.2 192.0 43.5 63.8 790.3 9.8 .3 11.5 1. 43.0 –5.4 3.6 239.0 2.1 0.2 –13.8 35.7 1.6 9.1 98.9 5.5 0.3 –7.8 5.4 0.0 –6.7 .6 –16.349.4 –6.8 5.1 0.3 1.614.8 –0.8 49. December 2011 A 19 .9 0.7 0.2 237.2 10.2 1.3 10..8 39.3 –37.2 7..0 24. 2.6 2..5 0.0 4.2 – 2.0 –0.7 –1.1 8.1 2.2 –0..1 30.2 – 9.8 0.7 8.589.772. –7.2 248.7 26.3 473.1 –7.9 71..8 6.3 6.6 –137.4 154.4 0.1 4.9 –0.5 0.6 14.5 –1.4 0.3 5.2 7.5 4.

2 48. .1 11.4 4.3 62.6 58..9 –0..6 – –16.5 142..1 196.4 12.4 31.6 –1.0 3.0 65.8 12.5 0.9 70.8 8. .5 41.6 –1.3 –1..3 47. December 2011 .7 13.3 0.2 8.2 –1.9 36.3 –2.1 –3. .4 –1.6 India Ireland Isle of Man Italy Japan 24.8 0.3 0.4 –0..1 0.1 146.7 .0 –38...2 –1.2 1.6 –0.8 –13. .5 1.6 –0.0 0.3 115.6 –17.3 –25.7 31.4 –2.3 1.0 1.6 0.8 13.4 0.1 3.2 –3...5 83.2 71. .7 68.2 1.2 –2.9 1...1 48.4 6.7 3.0 .9 –0.1 11.5 36...0 –0.5 10..7 –0.1 23.5 28... .5 0. .0 55..4 4.5 25.5 –1.7 22.8 –4.6 –7.0 –9. .926..4 42.9 . .2 2. ..1 0.3 1. .3 5. .9 197.9 3.9 174.3 39. .9 –46.1 30.5 11.1 –1.7 0.1 –8. Australia Austria Bahamas Bahrain Belgium Spain Sweden Switzerland Turkey United Kingdom United States (IBFs) (Others) A 20 BIS Quarterly Review.2 –0.5 – 0.3 30.6 226.8 –7.5 10.8 (JOM) (Others) Jersey Luxembourg Macao SAR 11.7 – 29.7 –27.1 –0.2 19.8 27.2 8.801.4 0.5 –0.7 46.5 4.580.0 –0.2 93. .7 37.2 25.3 5. .1 18.6 –9.1 4.9 0.3 8.8 47.8 –5.1 124.9 0.2 –1.3 –0.0 –9.4 164...1 34.6 167.0 215.8 –0.2 0.4 72.0 1.5 11. .6 3.8 16.1 –22.0 –3.3 4.037.5 –0...7 49.1 9.7 54.2 –0.3 29.3 –0. 9..7 112.8 –31.9 .9 1.0 110.7 4.9 188..6 132.3 53.3 –1.9 61.3 2.1 23.1 –0...0 –3.8 1.1 –12..9 2.0 6.1 –9.3 –1.2 30.. .2 –0.2 2.7 3.8 1.4 4.1 –3.6 –0.4 88.4 –8.7 –1.2 31.9 –4.1 –0.9 –0.4 14.9 155.0 2..5 –0.1 6.4 3.1 3.6 39..1 6.9 0.2 –3.3 38.9 31.9 –0.2 11.9 212.5 64.6 –0.6 55...4 –38.8 100.7 –0.9 –2.1 1.5 14. .5 118.3 1.9 1.4 2.6 –49.8 5.7 Malaysia Mexico Netherlands Netherlands Antilles Norway 9.1 –247.1 0.2 1.1 0.9 0. .7 – 29.6 0...1 6.0 7.9 27.2 0.3 31.3 –1.5 31..8 29.5 –21..2 1.7 29.8 197.1 171. ..0 124.4 –0.1 1.0 5.0 Bermuda Brazil Canada Cayman Islands Chile 1.2 0.1 258.2 0.9 – 30.8 Chinese Taipei Curacao Cyprus Denmark Finland 105..3 11..9 14..2 6.8 63..5 39.5 4.3 10.3 –6.2 17.9 1.9 .5 6.8 –386..9 4.9 0.8 1..2 –0.9 200.9 –0.7 12.5 –5.2 7..7 122.9 37.2 2.7 4.6 3.6 –0.7 1.3 –0.1 –0.6 –2..6 4.7 0.1 –3.0 125.5 0.0 0.5 –3.5 0.2 33.1 1.3 –0.6 3. 0.. .8 4.3 –0.6 5. .2 –10.0 9.0 2.2 11.4 –37.1 39.4 –0.3 –2.1 5.1 –1.6 1..6 –0.1 166.1 7.9 –14.7 1.0 –14.3 40.2 26.0 0.2 6.3 –0.4 –4.8 –0.3 1.5 61.9 0.1 –0.5 –65.2 –0.4 44.0 110.5 Panama Portugal Singapore South Africa South Korea 0.8 0.6 210.461.1 0. .3 11.3 65.759..5 –0.8 40.4 –0.6 1.3 128..1 0.4 13.. .6 3.3 8.7 245.3 0.3 0.8 186.5 0.1 12.4 19.0 –5.4 1.8 52.7 –8.7 0..0 –5.5 –5.0 –0.4 21.2 –6.2 –1.8 –9. .2 4. .9 24.8 1.0 58.2 0.6 2.0 –2. .9 27.0 0.3 4. –0.9 9.. .8 165.4 44.8 13.3 0.0 1.4 10.9 45.9 – 0.5 –0.2 –0.6 57..2 –7.8 –0.7 –10..3 140.3 80..2 33.6 –2.6 1..1 1.2 –0.7 175.1 0.2 202.9 102. –0.1 51.7 9..1 –3.1 –12.6 20.6 11.2 –22.4 68.5 0.5 1..5 9.2 –0.2 43..7 – 0.7 121.5 80..7 2.0 101.1 62.9 4.5 94.6 64.1 2..Table 4A: Local positions in foreign currency of banks vis-à-vis all sectors In individual reporting countries in billions of US dollars Reporting countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets All countries 3.7 11..0 8.5 21.3 –7.3 0..0 France Germany Greece Guernsey Hong Kong SAR 165.. .5 0.1 –16.1 0.5 –0.1 67.5 6.8 0.9 37.456.461...9 21.5 3.7 29.0 31.3 133.7 2.7 4..3 12.7 4.6 7.

5 12.4 27.9 0.8 –9. .4 4.4 0.5 –15. . .6 –8.361.2 30.0 –2.7 36.5 3.1 2.4 –7.3 3.4 1.0 0.1 110.5 42.9 383.9 –0.5 3. .1 –0.4 2.1 9.4 –3.5 31...2 –2.5 13.2 21.8 10...8 3.1 1.6 9.4 9.8 –3.4 –10. .8 25. .2 – 0.7 ..8 30.1 –0.9 222.1 7.2 55.1 10..1 1.0 0.0 267.0 1.6 –8.4 1.6 0..1 86.356..5 10.0 France Germany Greece Guernsey Hong Kong SAR 201. .3 9.2 –25.1 11..3 5.7 16.8 6.3 –2.5 20.5 129.3 5.5 23..0 0.9 1.4 –28.9 241.2 8..3 7.1 –0.6 4.2 8..8 0.6 (JOM) (Others) Jersey Luxembourg Macao SAR 11.3 64..6 0..3 55.8 –6.8 –0.7 5.4 –0.4 –0.1 2.6 475.0 133.1 1..4 105.4 1.1 –0.2 12.507.4 –1.6 15.3 –24.7 369.5 25.6 4.1 –1.0 6.1 0.7 1.9 –11.0 31.7 10..7 103.0 12..9 –3.4 –2.1 –0.1 –3.2 139.0 17.5 Bermuda Brazil Canada Cayman Islands Chile 7..5 0. . ..7 3.2 7..1 47.8 44.9 –0.6 19..6 10.5 0.9 –29.. –1.6 1..9 24.9 .0 35.7 4.1 27.0 36.5 26.2 22.417.2 458..0 0.8 –0.5 56.2 1.9 1.5 67.7 –0.6 2.8 0.1 0.1 0.1 –43.7 7.2 –0..4 11.6 58.6 24..5 0.0 –2. .2 –28.3 69.2 –1.7 0.6 36.5 –3.1 96..8 63.307.7 385. ..8 102.7 –2.3 3...7 –2.7 34.4 36. .4 0.4 0..3 20.2 0...3 66.7 –7.4 360.8 113.8 5.6 3.2 1.4 9..5 1.9 103.8 –0.1 0.4 0.6 –1.6 24.4 278.4 1.4 2.1 –7.4 0.6 38.0 –1.1 16.1 107.1 –2.3 22.3 1.0 21..0 2..7 9.8 –3. .2 177.3 1.7 261.6 2.8 57.2 2. .8 –38.2 15.3 –7.7 2.1 –2.3 –0.1 7.0 –10.0 – 2.0 –20.0 74.4 18.6 111.1 2. ..8 47. 9.7 –39.8 –0.2 4.7 –0.0 2.8 –16.8 –10..1 151.. .8 102.1 11.8 9.2 5.3 –5.7 10.0 104.8 –1..6 8.2 8.4 0.2 –1.8 –0.4 152.5 –0.1 395.4 45.3 24. ..6 Chinese Taipei Curacao Cyprus Denmark Finland 226.5 29..3 –1.4 24..3 132.6 –25.9 .7 7..1 163.7 –14.1 –0.5 39..7 India Ireland Isle of Man Italy Japan 6. ...6 –6.0 – 20.4 8.5 43. .1 12.3 11..1 2. .4 –25.3 .4 398.4 8.5 357.9 1.1 49.0 –1.7 16.8 32.6 31.0 –65.0 –59.2 –29.1 0.0 37.7 –0..9 –13.6 5.8 7.2 4.1 –1.8 345.0 0.1 –43.5 –67.3 0.9 10.8 –0.6 34.0 7.0 72.5 54.8 0. ..3 23.275.5 1.5 43.3 –9...8 –149.0 –1.6 87..9 –1.8 .2 23.3 16.3 –2.1 47.8 –0.9 3.6 47.1 – 20.1 16.3 –14. .7 –693.5 –0.8 –4.9 7.8 20.2 19..5 147.0 –0..4 106..1 –0.4 0.2 –6.7 3.4 50.1 0.7 1.9 1.1 52.3 349.7 148. .9 –0.9 58.582.2 9. .8 0.0 21. Australia Austria Bahamas Bahrain Belgium Malaysia Mexico Netherlands Netherlands Antilles Norway Panama Portugal Singapore South Africa South Korea Spain Sweden Switzerland Turkey United Kingdom United States (IBFs) (Others) BIS Quarterly Review.5 –8.3 0.1 0.3 3.9 0.5 48.2 57..206.9 21.1 –12.9 148.0 49.9 150.8 24.5 50.8 35.8 13..6 –80.0 3.9 6.7 –2. 0.5 111.1 129.7 48.6 4. .9 38.0 0.0 22.8 –25.9 21.8 –0.3 44.4 35. –1.9 21.5 102.7 4.Table 4A: Local positions in foreign currency of banks vis-à-vis all sectors In individual reporting countries in billions of US dollars Reporting countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Liabilities All countries 4.5 0.7 –2..6 –1.6 –3..8 64.4 4. .0 24.0 61.8 –163. .9 –13.4 3.8 1.0 1.3 –0.5 33.2 –0.3 42.9 15.7 4.3 20..9 1.2 62.4 256.7 – 21..3 415.2 –12.6 2.9 4..1 –0.5 0.2 252.4 0.8 3.4 58. .. December 2011 A 21 .5 –2..6 –5.4 –8.4 9.5 12.0 –0.7 12.4 7.8 12.1 –1.9 1.0 107.8 65.0 24...6 47.4 0.0 –0.8 7.0 –15.4 0.1 1.2 4.1 – 1.8 14.4 –12..8 48.5 1.5 59.2 2.3 91. .5 4.

1 –0.2 8.0 7.2 11...9 1.7 3.1 0..7 –2..4 8..3 0.1 .6 75.7 0....0 –0. .2 2.2 0.8 Chinese Taipei Curacao Cyprus Denmark Finland 30.3 49.0 1. .0 2.9 0.6 –4.3 – 26..3 1.0 0.. 76. .6 78..1 0.1 14.6 26.0 0.3 .1 2.5 –4.4 3.1 1. .0 .2 –1. –0.1 .1 40.5 ..0 27..2 4.6 29..4 39.0 –0.4 –0.1 3. 60.8 –3..9 –106.2 –0.5 1..7 ..8 35..0 0.1 57..0 72.2 –4.5 –1.2 54..5 –0.0 26..1 – –0.0 1.4 0.9 2.5 –0.4 26. 1.6 81.1 0. ..9 32.6 25.0 28.8 34.9 3.6 1.3 0.1 –6.0 0.5 –2.4 45. 0.9 43..0 –18.3 – 27...2 .2 5.8 1...3 0.8 85.0 –1.1 23.4 –3.9 0..9 3...0 27.. . 0.9 –2.0 36.0 –0.978.027.0 .6 .7 33.6 25.1 0.1 1.5 –0.3 0.8 81.1 2.. 3.7 –0...7 –0.6 .9 2.7 –0.8 31.0 0.5 2.4 29.5 .6 0.7 –4.2 –0.2 0.1 3.8 848.4 2.9 1. ....9 – 27.0 0..1 –11.3 2.4 –0...4 1..8 108.0 0.925.6 –2.7 0.2 2.0 –4.0 –2.4 95. December 2011 .5 3..5 –1.. India Ireland Isle of Man Italy Japan 21.0 . .7 –12. .1 1.3 –1.9 10.9 –4. 78.8 28.5 –1. 8.5 19.1 –0.9 . France Germany Greece Guernsey Hong Kong SAR Spain Sweden Switzerland Turkey United Kingdom United States (IBFs) (Others) A 22 BIS Quarterly Review..5 1.6 1. .8 –0.4 76.1 –0.2 . 1..2 –3.7 –6.4 43.6 26.3 .6 –0. .8 1.5 –0.1 25.7 –0.4 1.4 12. . .2 9.7 –1. 0. 2. .7 849.3 61.1 –0.4 –0. –0.5 Bermuda Brazil Canada Cayman Islands Chile 1.8 .7 . 1.6 Panama Portugal Singapore South Africa South Korea 0.9 6. –0. .9 4.5 101.3 14.. .2 0..3 1.. .5 8.... 58.5 1..9 2.1 21.1 ..8 –0.8 8.3 1.1 2.1 1. .5 2..5 4.0 4.1 –0.1 –0...2 36. 2...7 –0..9 0.3 26. .8 –6.8 37.2 .1 41.5 0..1 .3 .1 –0..8 11..4 –0.1 27.. 6..4 2.9 49.1 –0.2 –2.8 1.6 3.1 –1.0 54. .7 –1.1 0..2 .0 –0..4 . 1.8 7.3 0.8 3...5 –0.4 29.5 2.. 13..8 35..2 28.6 7.8 7..2 2.1 –2.1 24.2 1.6 –0.3 0.6 2.1 2.4 –8.3 –0..0 –0.. –0.0 0.3 –0. .7 –7.7 2.9 1.4 48..1 28..5 0.3 12. .6 27. ...2 16.9 1.2 38. 62.7 28.0 1.2 –0.6 0..4 42.6 –0.0 4.9 –0..4 1..3 .6 0.9 30. 1.1 4.3 28..5 13.9 3.3 2.0 0.6 17.4 2. .4 –5. 63.8 0.7 0..0 .5 21.3 – 0. 81.8 –1.7 40.7 4.0 3..7 .4 –0. –0.3 –11.6 3.8 2.3 –0.8 –2..4 –0.5 0. –8..8 8..7 –1.1 9.5 1..2 63..4 1.8 Malaysia Mexico Netherlands Netherlands Antilles Norway 4.2 –2.8 (JOM) (Others) Jersey Luxembourg Macao SAR .3 4. 0..6 45.7 –0.7 39..0 –0.9 80.3 74.2 –0. .5 30.1 –0.7 41.2 0.0 1.4 –0.7 11.7 842..3 3.0 0.. 2.3 1.0 . .4 0..0 52.3 –16.3 52.5 7.2 58.1 .1 ..2 Australia Austria Bahamas Bahrain Belgium 43..4 –0..8 35.5 –0.5 4..5 37.2 41.063.2 –0.0 –3.2 6.5 31.1 .0 0.7 –30.3 20.2 12.3 0.6 –9..7 0......5 52.9 28....0 –9.1 1. .8 62. 0. .1 27.9 0.. –0.9 .. .4 2...7 0..Table 4B: Local positions in foreign currency of banks vis-à-vis the non-bank sector In individual reporting countries in billions of US dollars Reporting countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets All countries 1.3 119.6 1.2 0.4 50..2 –0.1 29.9 13.1 31.7 0.0 0.2 –5..9 .0 –0..8 –185.3 10.4 15.5 2..0 12.6 3...3 – 0..7 1.0 –0.3 5.9 59.8 –0.8 –0.8 –1. –0. 13..7 0.9 10.2 4.0 –8.2 2.0 120..1 116.1 1.0 41.1 ......1 859.7 0..3 –2.2 –1.1 –0.5 .3 –1.3 –0.1 3.7 1.0 5.4 –7.1 2.5 –0.2 –1..

3 –5.3 21.. ...8 –2.0 2.0 –1.3 1.5 591.7 35.8 28.0 9.6 19.9 42.9 . 9...0 45.9 21.2 –1.1 –4.0 30.5 41.4 5.3 –1.2 .7 .4 . 10.4 20.9 –1.7 2.6 34...0 –6. Australia Austria Bahamas Bahrain Belgium France Germany Greece Guernsey Hong Kong SAR Spain Sweden Switzerland Turkey United Kingdom United States (IBFs) (Others) BIS Quarterly Review.8 –0. .4 –0.6 3..3 8.1 –0.0 –1.8 21.9 49..2 –6.0 9..1 0.4 1..9 –2..1 .2 18.8 3..6 –0.4 0..0 31.6 0.112.9 –0.Table 4B: Local positions in foreign currency of banks vis-à-vis the non-bank sector In individual reporting countries in billions of US dollars Reporting countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Liabilities All countries 1. –0.880.7 24.0 1..5 1.. 0.3 12.1 1.7 31. –0.6 1..6 1.7 –5.9 8.1 33.4 6.. .4 559.4 2.4 –0.. 5.4 37.3 –2.7 34.3 0.1 6.6 45.1 144.7 23.7 35..7 –5.4 –1.2 4.8 0... –0..1 9...5 0..4 9. –3. –5.3 –1..6 29.4 –3.2 41..3 0.3 0.4 4.9 –0. .6 18. 0.0 1.4 0.6 12.5 38.5 16.6 0.3 3.2 7.0 0.0 5.4 1.3 29.6 126.3 5.3 26.5 1.8 20.. 243..3 – 18.1 1.4 –0.7 3.9 . 1.6 0.2 –0. 21.6 248. ..9 –6.9 25.0 0.7 3..0 0..3 5.3 – 18.3 25. .8 .7 –0.0 .7 1.2 33.9 –2.3 41.6 10.3 –14.2 (JOM) (Others) Jersey Luxembourg Macao SAR ..8 .2 0.9 5..0 .7 42.9 35.7 0.1 21..7 ...3 17.0 34.6 20..5 Bermuda Brazil Canada Cayman Islands Chile 7. 4..5 0.2 11.5 35.6 5.8 12..5 14....9 2.1 0..4 .1 25.9 6.7 12.7 29.5 23.6 143. –0. 1..1 0.5 20.0 0... 41...7 33.6 10.4 –2.1 0..0 6.7 24..7 1.0 0..9 2. 0. . 248.5 0..9 –0.7 49. 19.9 2.7 –0..7 0.6 1.5 2.4 . 0.4 147.. .3 1.5 0.0 –3..7 – –0...0 3.3 98.1 –0.3 2.6 –0.2 –0..2 2...4 3.1 0.5 5. India Ireland Isle of Man Italy Japan 4.1 1..2 5.3 –1.2 – 18.6 –0. .3 14.088.4 0..5 4.4 4. 5.7 588. .9 – 1.2 12..1 –0. .9 169. 235.8 3.. .2 128.4 –4.3 2.5 2.0 –3.1 21.4 10...9 18.. –6.1 0.7 150. .6 0... .2 ..1 20.3 99.3 0...8 554.9 –5. 196...1 45.0 0.1 2.8 177.7 1. .2 .1 –0.3 –13.0 6.0 29.5 2.3 –0. .5 –1.2 –8..6 –2.2 3.1 166.1 –1.2 .8 0.4 –1.2 –4.7 –2. .7 32.4 –0.7 6.5 –0.0 0...5 –3.1 3..5 –0. 2.0 –2.7 135.9 16..1 0.7 –30.2 –3.4 6.0 22.3 –5..1 5.9 31.3 3.5 25.8 . 18..3 10.9 19.. ..4 –7.4 .4 11.5 0.3 . .0 7.7 77...7 –0.7 19.2 ..6 14.3 5..978.. ...1 7.9 17.3 2.2 30.7 4..8 5.8 . .1 2.2 – 2.7 .9 0.3 53.1 0.6 1.9 0.2 19...9 43.2 26.9 –2.6 11..6 0.8 1.6 ...9 .3 Malaysia Mexico Netherlands Netherlands Antilles Norway 12.2 .7 16.9 18...2 –4. 19.0 2.4 0. December 2011 A 23 .9 .6 15.2 0...1 3.1 ..8 105.3 2..4 0.9 40..3 .6 31.9 –2.0 2...8 0.9 7.6 104.6 0.6 .2 3.2 28.0 –7..7 26.9 235.9 0.6 0.5 –1. .5 10.5 –0.2 2. –1.1 3.2 1.8 .0 –0.8 –6.4 0.2 5..6 0.7 3.5 12.1 –0.0 0.7 11.1 Chinese Taipei Cucacao Cyprus Denmark Finland 145.4 4.6 0.6 6.1 24.1 –90. 5.4 73.8 6..7 ..1 0.6 Panama Portugal Singapore South Africa South Korea 0.0 –1. 2.8 . .7 12.3 127.2 2..4 43.3 21.1 0.0 –0.4 1..5 –0.4 0.2 .7 .2 11.. ...2 3.2 2..1 47.3 1..2 3..6 1.5 1.1 –2.1 0.4 17. .7 0.1 –5.7 1.2 0.6 14. 3.2 –0.5 23..4 102..4 196.6 6.8 0. –0.1 0.1 13. .2 3.1 0.9 243. ....7 43.7 –0..2 7.7 0.9 –1. . ..8 16...2 25.

427.2 U.2 –214.6 55.477.5 –9.9 U.4 25.3 156.9 –25.510.828.4 6.3 599.6 12.0 820.8 65.277.109.1 13.2 29.6 14.7 U.5 –59.177.702.6 30.6 Pound sterling 930.8 –132.3 –51.2 3.198.7 7.0 41.185.1 1.6 –50.9 15.7 –31.8 7.730.744.6 52.4 334.1 389.0 1.6 –201.1 382.6 25.566.268.3 393.390.3 0.534.9 335.7 10.8 9.7 776.2 488.785.9 –6.674.3 13.6 112.365.5 209.7 10.6 –5.1 23.6 –49.3 –26.9 –10.0 1.2 US dollar 3.1 –6.2 –49.6 9.4 45.6 –131.1 –41.3 40.3 602.2 –88.0 1.441.6 2.2 54.1 –16.2 50.6 9.0 –18.315.9 221.0 –340.3 –125.691. dollar 9.7 571.1 11.3 10.4 60.7 11.2 47.9 463.6 345.2 15.6 3.4 56.6 –239.3 16.430.2 –6.510.2 369.599.713.508.0 3.2 –203.600.048.6 425.2 –10.9 1.3 383.8 38.9 18.9 363.5 26.6 1.670.1 –83.1 119.530.2 7.4 404.8 1.830.4 A) Domestic currency Swiss franc Other B) Foreign currency Other C) Unallocated Liabilities All Currencies A) Domestic currency Yen Pound sterling Swiss franc Other B) Foreign currency Other C) Unallocated A 24 BIS Quarterly Review.7 12.5 972.8 –130.4 948.7 722.4 92.2 410.7 –14.9 12.078.458.9 –53.9 –21.6 –807.4 477.8 352.8 184.7 9.404.8 Euro 3.5 132.4 590.6 1.2 45.5 157.8 410.1 1.9 12.109.8 –16.2 17.343.7 –33.615.9 3.3 1.6 16.6 Euro 3.2 –41. dollar 9.4 –49.774.8 131.5 79.4 –0.3 883. dollar 2.0 263.4 –72.1 532.2 429.0 –189.011.3 672.7 637.8 429.0 28.5 3.3 –384.8 Swiss franc 372.896.2 –117.9 13.2 9.9 451.5 Euro 6.8 –98.7 3.1 23.896.8 29.6 –139.071.6 –111.7 20.3 18.5 619.4 –15.340.4 466.1 7.8 6.2 –927.513.211.9 112.704.5 Yen 455.1 1.7 73.4 939.4 –2.0 –16.4 –655.6 99.5 11.815.2 6.012.6 22.0 106.2 –53.8 688.2 –92.6 –211.7 –83.117.2 –538.8 23.8 188.8 762.3 238.3 3.5 29.8 785.1 –253.3 –2.7 –0.6 410.169.1 96.4 74.2 342.4 –44.2 734.5 –65.1 6.673.6 –18.8 221.4 –127.9 29.369.561.0 1.3 1.1 –27.660.6 21.8 0.9 1.6 –19.3 –89.212.4 52.S.814.9 –58.491.957.9 1.9 16.131.6 317.7 725.2 15.6 –3.3 707.6 –294.916.0 66.5 9.3 1.4 –46.9 –80.7 –229.167.2 –197.3 719.4 19.9 Swiss franc 329.7 5.4 9.3 382.0 339.5 –673.3 –334.1 1.4 28.3 –23.2 451.2 –159.650.4 740.736.806.5 175.4 –25.7 1.2 –124.2 1.4 716.2 31.246.0 282. December 2011 .1 15.7 63.5 211.8 –149.8 96.2 952.1 102.896.1 3.4 588.5 –1.9 106.3 412.7 –193.506.7 10.1 –34.9 615.362.6 –399.S.3 3.7 –33.8 147.040.5 –58.244.1 –4.7 Pound sterling 777.3 1.492.577.S.5 –13.3 –4.9 7.831.400.0 Pound sterling 858.0 –128.0 15.076.7 –1.7 –18.2 51.7 Yen 587.Table 5A: Currency Breakdown Reporting banks' cross-border positions vis-à-vis all sectors in billions of US dollars Currencies Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets All Currencies 30.7 –141.5 –37.5 31.0 –113.1 –50.3 Yen 587.0 25.7 693.5 –191.2 3.9 –1.2 486.8 –170.3 –42.4 1.4 754.3 2.0 –44.4 Euro 8.2 3.4 97.

6 55.9 –15.1 79.6 –1.780.5 14.1 12.7 120.7 Pound sterling 199.6 Pound sterling 310.3 –4.6 946.730.6 3. December 2011 A 25 .164.0 2.6 359.7 751.909.1 –134.2 457.0 871.6 6.6 161.5 –30.4 –5.1 6.1 958.297.7 51.1 748.757.4 16.5 –78.3 3.8 481.3 1.8 357. dollar Swiss franc Other C) Unallocated BIS Quarterly Review.055.131.338.5 –12.1 –4.5 236.7 –177.9 339.6 9.1 436.3 81.0 4.6 36.1 459.8 106.5 130.0 –11.8 718.4 267.3 –35.6 –154.8 11.8 240.8 267.9 Swiss franc 115.0 62.7 45.1 102.6 –23.4 232.4 –16.7 Euro 911.7 0.9 0.9 134.0 5.8 –5.2 354.2 –5.9 4.8 2.9 132.1 41.3 335.3 1.3 14.2 7.6 34.8 7.9 –12.5 3.050.489.7 312.3 60.8 140.1 –3.719.7 1.6 13.2 –255.0 132.4 –3.7 25.1 –2.1 U.1 4.4 776.5 –6.8 3.8 603.8 20.2 –271.0 2.7 9.5 –426.8 164.1 11.0 4.8 3.5 4.8 58.166.2 80.6 7.0 7.9 41.9 0.5 49.7 69.2 4.1 26.6 Euro 1.4 79.1 201.2 49.3 A) Domestic currency U.0 –17.0 2.3 365.8 4.3 6.8 –32.8 10.284.9 1.4 0.3 190.5 362.6 0.9 –1.7 10.7 0.474. dollar Euro Swiss franc Other B) Foreign currency C) Unallocated Liabilities All currencies A) Domestic currency US dollar Euro Yen Pound sterling Swiss franc Other B) Foreign currency U.0 8.549.064.5 283.5 31.5 1.8 1.5 444.1 26.3 279.7 2.8 2.7 724.7 2.3 –0.5 490.281.8 –15.0 2.172.3 2.9 –472.5 78.6 307.0 –151.6 83.7 0.375.0 –39.5 –7.4 18.0 Pound sterling 170.3 –82.4 511.5 –17.2 56.8 849.9 20.5 3.4 114.669.6 –5.8 8.1 11.180.3 –3.1 57.3 1.4 –0.5 155.8 –8.6 –15.1 15.5 2.1 2.4 10.1 6.S.7 356.6 150.8 18.950.2 5.272.4 –17.4 915.584.6 50.9 217.6 –84.4 –26.4 11.4 –85.028.827.7 39.7 –15.3 –11.0 2.1 –1.9 –19.0 –225.645.9 102.0 9.6 –66.5 213.6 16.7 124.S.4 15.511.7 7.0 –141.8 112.3 3.6 20.653.9 57.036.7 1.4 –3.Table 5B: Currency Breakdown Reporting banks' cross border positions vis-à-vis non-banks In billions of US dollars Currencies Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets All currencies 10.3 2.6 18.8 7.5 31.8 304.0 4.1 285.0 4.8 –38.5 262.7 8.5 8.5 82.8 15.4 3.6 185.9 10.7 –1.0 –6.159.239.5 196.758.4 27.8 Yen 236.1 –40.2 141.3 253.6 4.3 –0.0 23.7 466.7 422.0 69.1 4.4 144.078.5 –25.239.S.8 90.2 101.8 Yen 142.2 834.1 174.9 –8.0 –151.132.4 135.6 826.3 –9.8 136.6 120.8 31.032.1 21.620.146.7 16.3 22.6 89.6 6.5 –7.1 0.0 27.8 3.5 1.0 15.7 –2. dollar 3.3 4.7 94.4 Other 647.858.301.1 70.8 11.5 –9.8 260.9 23.7 282.3 383.6 9.3 –8.4 1.2 4.2 2.3 109.7 18.8 241.5 –59.9 –0.9 40.7 –7.795.1 5.3 10.1 37.6 63.1 126.7 4.4 67.3 951.8 13.9 1.2 29.7 Yen 107.6 241.3 273.0 –26.3 108.8 21.7 15.841.

8 76.4 56.7 U.6 0.6 –14.9 34.1 Euro 129.7 3.0 0.7 –1. .6 –14.6 1.1 2.S.5 11.9 2.4 9.1 15.8 7.3 89.7 1.6 12. dollar 40.3 –8.4 .0 4.7 –1.0 Swiss franc 0.2 1.3 0..1 2.0 –1..8 3..0 3.2 0.6 –8.2 Pound sterling 4.5 –30.2 –1.1 2.2 –0.2 –4.1 6.4 –1.. December 2011 .1 –27.2 14.1 0.6 3. .7 –233.1 12.2 –20. .6 U.4 11.0 7.3 –0.1 0.7 –1.2 0.3 –0.6 858.1 –0.7 –1.2 20.0 –0.0 – – 0.1 22..7 11.2 24.2 Euro 17.3 –1.2 –0.0 –45.8 133.8 Pound sterling 23.9 15.5 –1.1 –5.1 –6.4 4.0 10.2 –21..5 –2.8 –1.3 Yen 12.6 –0.6 1.8 4.0 –0.0 17.6 6.2 369.9 96. .3 Other 39.6 31.8 –0.1 0.9 2.5 222.9 46.2 0.0 Euro 72.1 16.6 –11.8 20.0 12.4 16.6 6.4 12.3 Swiss franc 0.2 –3.2 1.8 59.S.2 1.7 12.1 60.3 –4.8 –6.9 90.1 4.8 1.4 440.8 –0.8 849.7 54.2 48. dollar C) Unallocated A 26 BIS Quarterly Review.3 –5.4 63.7 –98.0 – 0.6 2. .5 –1.8 80... dollar 163.4 –19.4 –2..3 0.5 –28.7 41.0 252.5 8.2 20.9 158.9 0.0 –0.2 439.0 425.1 5.3 17.5 –1.0 – Pound sterling 5.0 –3.4 –1.0 1.3 –39.1 –0.5 1.6 3.2 4.8 53.5 37.9 A) Domestic currency U.0 1.5 9.3 Swiss franc 21.3 2.Table 5C: Currency breakdown Reporting banks' cross border positions vis-à-vis official monetary authorities in billions of US dollars Currencies Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets All Currencies 151.1 3..3 1.0 –1.2 14.8 –17.2 2.5 0.6 392.0 121.3 –299.3 171.3 2.9 11.9 –25.6 0.2 920.2 85.9 0..8 76.4 –10.6 13..2 6.4 –0.S.7 898.7 –50.2 29.2 20.0 –4.3 14..0 0..3 434.6 4.1 27. .7 –8.7 Yen 1.1 –0.1 3.9 –16.2 349.0 67.0 37..2 –19.2 0.0 2.3 0.2 0. dollar B) Foreign currency Other C) Unallocated Liabilities All Currencies A) Domestic currency Yen Pound sterling Swiss franc Other B) Foreign currency U.0 12.6 –0.9 –41.0 0.4 13.4 –118.3 –11.4 281.0 –5.5 36.7 3.9 31.0 –0.0 12.5 75.5 0.6 71.0 189. .0 –0.5 49.5 –72.8 –5.9 –1.7 108.2 9.9 Yen 0.8 1.7 57.4 0.1 10.4 –48. .9 198.3 92.1 –43. .4 –2..0 10.6 0.4 1.0 Other 2.4 3.7 0.S.0 3.0 1.5 1.8 –7.5 –1.4 8.0 8.7 –3.7 19.3 13. Euro 46.1 2.5 –27.7 –2.0 –1.4 4...3 2.8 –0.3 66.4 7.0 –0.1 11.9 271.3 1.7 0.1 24.5 –9.1 257.2 2.1 –3.7 20.3 31.4 7.9 5.0 4.0 0.6 1.7 16.4 –4.0 –0.0 7.6 15.0 37.3 –43.4 35.7 355.1 7.2 1.4 4.2 30..6 35.9 142.6 18.9 –45.1 –37.4 12.1 0.5 157..

5 –3.5 Swiss franc 131.5 18.8 11.9 222.3 –26.057.582.3 –5.6 –5.2 27.1 67.8 52.9 3.4 241.0 –6.4 117.9 –1.9 897.6 –4.5 2.6 27.0 –2.0 0.3 –1.6 2.9 142.8 Unallocated 263.2 16.8 –0.7 –693.3 20.193.100.2 56.4 4.7 170.6 1.0 Swiss franc 252.2 US dollar 1.2 –24.2 –6.1 –43.1 –54.0 Pound sterling 153.1 –2.2 4.8 –92.9 –9.9 52.6 –7.9 –63.9 Other 217.1 256.6 18.7 6.1 58.5 15.0 –12.8 15.5 Unallocated Liabilities Other Unallocated BIS Quarterly Review.4 –6.4 –1.0 Yen 52.8 370.4 1.5 2.4 5.4 130.8 All currencies 1.5 –6.6 49.091.8 –19.5 –33.7 3.8 62.8 13.6 483.6 –4.1 497.3 39.6 –3.0 116.6 –3.8 2.5 28.3 148.9 148.1 –6.8 9.7 1.2 645.1 US dollar 1.7 3.1 180.6 –3.2 7.8 –47.3 –69.9 26.7 1.978.1 134.3 47.206.4 150.9 –2.8 38.1 1.8 –6.5 Unallocated 502.3 –11.9 10.0 –5.2 –4.4 13.1 –2.7 0.0 0.6 US dollar 1.9 120.2 257.0 1.0 124.7 –36.2 940.9 40.2 –4.4 73.063.9 26.8 –3.043.759.7 –11.880.1 –1.1 –2.3 22.034.7 77.0 –1.925.5 15.0 –5.0 –1.3 –17.0 144.5 0.507.6 –49.9 53.5 0.7 Euro 934.9 –4.0 3.0 257.270.9 12.5 6.3 13.6 Liabilities Vis-à-vis the non-bank sector Assets All currencies 1.5 239.2 US dollar 946.8 –386.9 –1.5 –11.8 Euro 482.1 –0.7 –243.4 45.8 Yen 145.1 1.2 –31.1 160.2 1.4 0.8 –185.9 –20.5 1.6 3.7 28.1 14.037.2 5.4 135.1 2.9 143.5 –49.0 All currencies 4.4 1.8 1.2 4.8 –1.9 4.275.2 1.3 –0.2 161.7 –0.8 –4.4 –4.926.5 Swiss franc 31.257.3 3.3 2.1 –23.4 119.8 –630.2 18.8 –5.790.0 –1.3 –24.6 –11.3 143.5 –2.4 0.5 441.3 –18.5 503.1 11.5 26.1 –16.2 102.3 –2.4 –5.7 –4.1 126.0 29.2 Euro 524.1 –90.812.2 103.7 19.6 –44.7 61.4 4.6 31.8 1.978.1 165.0 515.9 56.2 111.2 2.6 576.8 400.7 –30.9 Yen 126.4 35.9 –1.5 5.3 2.5 Pound sterling 140.2 2.2 966.9 36.1 1.6 63.3 161. December 2011 A 27 .6 –8.2 108.7 Other 437.9 –81.8 52.2 65.2 141.0 83.5 102.0 –12.0 12.5 511.4 58.3 21.5 6.7 148.1 150.4 27.5 Other 113.5 94.921.1 509.4 76.7 52.2 994.7 –13.4 0.0 1.4 621.3 –11.4 58.3 480.4 –5.8 26.4 Pound sterling 65.801.3 942.685.7 –13.4 –18.120.8 –35.2 146.3 –9.3 –23.2 16.0 1.1 1.6 –3.088.3 61.5 39.1 177.9 –41.5 127.956.8 Pound sterling 73.8 35.1 464.4 2.5 162.2 –3.8 31.Table 5D: Currency breakdown Reporting banks' local positions in foreign currency in billions of US dollars Currencies Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Vis-à-vis all sectors Assets All currencies 3.1 Yen 97.2 Swiss franc 168.3 –10.0 237.1 21.9 –3.027.2 28.0 2.6 165.8 862.9 12.4 109.7 150.3 76.112.6 1.7 –2.7 117.6 495.0 Euro 1.4 1.6 –0.697.4 951.

485 4.165 –58.029 5.884 23.049 –358.216 –5.719 16.050 –79.998.653 126.290 –3.007 128.814 1.724 24.497 4.436 615.674 341.160 15.281 3.771.986 –206 –32.720 306.803.094 249.381 3.051 6.733 5.238 3.983 221 –8.688 4.946 –67.241 14.028 –196.155.317 57.950.203 4.576 30.104.241 741 –3.191 –15.530 625 1.433 –336.032 388 491 Norway Sweden Switzerland (of which in CHF) United Kingdom 86.955.213 335 8.747 9.469 93.855.490.933 4.815.753 –16.231 3.956 468.199 14 –40 Liabilities All Countries 28.092 10.419 –46.712 2.970 –258.348.297 2.868 1.728 –96.942 13.724.021.702 603.089 273.398 –4.510.840 –1.413 28 1.369 6.546 218.823 –11.562 17.245 103.814 1.489 1.799 44.395 13.615 39.225 488.986 58 –5.149 195.377 35.403 28.966 –327.177 –6.160 6.748.321 635.557 366.204 592.268 – 2.003 18.530 941.420 125.991 –2.261.117 332.553 1.990 14.672 –1.074 19.557 4.890.790 916 –576 –2.102 757 –973 1.559 –8.655 20.868 –221 –2.890 247.958 –13.Table 6A: External positions of reporting banks vis-à-vis all sectors Vis-à-vis individual countries in millions of US dollars Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets All countries 30.736 –4.077 –5.818 186.188 –1.884 –236 17.353 927.899 10.820 313.412 1.185 69.232 19.697 571.791 21.894 –1.583 942.998 281.114 183.999.060 8.267 –3.169.531 50 –297 –72.221 2.918 2.651 4.443 770.573 289.645 1.428 –128.268 –14.522 –550.144 3.252 –9.082 4.434 –1.145 1.884 3.889.939 6.424 8.450 810.099 14.193 175.308 (of which in GBP) Vatican Other 500.857 1.547 295.186 230.569 203.616 –319 985 –5.139 91 –1.747 830.697.391.877 –300.768 –56.859 10.472 97.968 71.516 –187.366.679 122.957 319.913 12.937 –37.391 –41 –359 16.816 672.108 –89 2.022 5.833.367 –2.013 2.716 19.463 31.273 833.197 159.429 –2.425 23.104 46.660 375 –1.984 –109.766 13.014 –62.768 862.042.198 –1.287 –542.938 588.695.662 –12.216 –3.697.937.784.336.153 985.661 12.402 (of which in GBP) Vatican Other 757.552 437 –15 –56.638 7.258 240.312 –142.787 606.989 81.893 52.286 –38.704 321.022 –5.433 4.950 –44.306 97.757 131 –2.633 134 467 Norway Sweden Switzerland (of which in CHF) United Kingdom 239.982.112 103.749 –51.658 –11.501 9.560 4.910 13.005 4.020 –3.173 7.076 37.245 319.773 1.637 949 695 –55.808 –69.506 622.453 913.265 1.785 331.975.212 –21.719 113.103 196.903 1.296 –127.148 123.817 1.729 4.695 –17.355 –929 12.645 7.499 –7.886 –926 –64 19.759 7.120 22.828 6.112 4.971 35.100 –156.987 –33.746 –2.686 20.800 Belgium Cyprus Estonia Finland France 490.467 1.120 –19.683 12.225 –4.587 227.160 –262.515 3.047 –28.719 838.766 54 1.817 167.039 657.921 11.918 –98.712.566 590.378 2.292 178 –83 Spain Andorra Denmark Iceland Liechtenstein A 28 BIS Quarterly Review.581 43.904 –11.628 124.320 –51.882 65.703 –26.830 4.793 –12.189 –37.698 –921 –12.343 –1.975 Germany Greece Ireland Italy Luxembourg 1.332 –4.521 –1.881 2.028 38.023 484.295 –1.904 121.186 98.737.362 9.680 16.433 2.829 390.404 27.895 115.791 29.106 4.803 17.542 Germany Greece Ireland Italy Luxembourg 1.221 –1.310 175. December 2011 .586.860 29.921 –67.390 –39.911 4.969 549.424 367.382 1.515 –716 10.736 –39.136 –2.511 –570 Spain Andorra Denmark Iceland Liechtenstein 1.172 67.454 –87 –463 511 –60.603 –11.444 –49.042 11.659.472 179.559 1.509 –191.426 –419.831.492 7.779 –26.059 310.873 8.295 102.585 1.014.110 22.586 –241.576 553.669 24 –625 789 108.368 –9.996 2.508.160 31.550 114.112 1.622 –9.327 33.480 –24 151 –63.056 –50.635.933 2.109 89.245 16.361 –458 –9.966 12.189 1.739 297.379 –1.925.868 24.508 630 –11.894.532 –48.589 –14.242.969 239.292 –61.666 118.356 –1.158 –13.517 –188.657 14.138.345 28.078.001 –53.567 110.411.127 266.348 4.864 12.137 1.686 –296 2.943.268 –255.261 –47.348 184.617 241.086 –5.484 47.981 99.676 9.736.356 3.919 3.675 51.987 778.110.875 Developed Countries i) Europe Euro area (of which in EUR) Austria 23.103 12.374 69.773 27.850 4.094 –27.474 775.796 983 –16.133 11.813 –49.681 164.293 18.026 14 1.418 18.123 1.709 21.411 4.912 26.875 –13.639 104.244 306.114 1.716 2.724 –5.624 115.964 –43.888 –888 1.732 –19.575 914.278 –31.103 111.904 67.147 211.688 Developed Countries i) Europe Euro area (of which in EUR) Austria 18.053 884.794 –3.528 256.199.879 759 2.918 –544.592 –5.535 –754 –172.625 –5.586 308.339 611.218 952.687 9.626 1.486 –27.024 3.012 162.645 –436.663 Malta Netherlands Portugal Slovakia Slovenia 18.217.802.799 –20.705 419.558 310.105 –4.162 107.330 98.324 191.987 5.131.395 –75.575 837.907.957 –22.629 5.198 –214.728 –14.103 191.653 –65.659 895.720 35.313 29.919 –133.843 –32.736 –193.646.960 529.014 31.852 30.761 –44.470 –122.377 1.094 –16.838 4.582 10.831.845 –711.789.005 1.275 883.538 112.627 111.923 1.152 –948 8.822 260.335 96 –160.814.023 407.170.021 21.161 236 153 6.017 –2 –400 –34.780.533 172.135 1.641.855 –382.788 –16.633 7.458.288 8.500 –20.851 997.342 865.902.377 –34.013 808 512 –13.622 –18.828 61.257 –1.152 983.353 –1.518 11.496 619.493 –5.932 27.875 2.121.238.240 –15.747 –32.657 65 –923 432 –19.222 –27.318 23.248 857.831 –433 2.483 112.208 –5.544 31.991.614 65.345 –384.097 6.389 –303 575 81.074 –431 11.420 –123.473 44.151 1.073 14.631 22.064 1.494 10.180 –5.957 20.636 –1.030 616 13 –107.665.515 1.437 23.662 192.219 22.190 –3.355 –146 304.308 7.802.542 –5.308 1.680 420.708 1.425 11.662 237.441.590 269 –12 4.619 112.406.533 1.987 –123.974 –245.661.195 7.120 3.378 –7.284.096 31.291 178.638 95.699 4.823 –184.422 –556 –349 38.568 9.239 –4.130 51 –214 6.425 13.039 Malta Netherlands Portugal Slovakia Slovenia 39.461 Belgium Cyprus Estonia Finland France 529.612 31.515 –119 125 –50.847 5.120 4.262 4.504 1.091 –11.659.936 615.857 –778 –1.628.204 –121.721 489.086 844.427.957.305 –8.756 25.527 –44.072 896.016 298.147.228 –3.833 –225.322 192.513 –22.519 –8.495 –16.251 –56.327 –52.931 235.482 –11.574 219.904 16.806 –114.027 3.024 469 3.606 –11.798 59.456 202.966 –13.566.735 258.767 54.517 –38.434 –1.792 138.651 1.090 1.535 3.033 910.950 –155.563 –666.327 7.557 557.926 3.270 96.182 4.

Table 6A (cont.)

Vis-à-vis countries

Dec 2009

Amounts outstanding
Dec 2010 Mar 2011

Jun 2011

2009

Estimated exchange rate adjusted changes
2010
Q3 2010
Q4 2010
Q1 2011

Q2 2011

Assets
ii) Other

6,515,059

6,857,165

7,215,745

7,078,145

–238,751

344,913

231,696

–6,492

317,969

–166,090

Australia
Canada
Japan
(of which in JPY)
New Zealand

371,291
394,719
684,268
219,392
50,151

390,386
388,111
811,098
276,938
48,885

414,218
408,841
791,322
254,594
50,037

435,729
413,775
768,948
245,809
52,899

49,480
11,580
3,490
–75,170
8,031

21,525
92
109,820
29,143
67

–2,182
–15,987
79,532
34,988
130

17,017
16,940
23,550
8,478
962

16,670
13,841
–20,068
–16,916
121

17,326
2,367
–32,192
–16,216
2,034

United States
(of which in USD)

5,014,473
4,228,677

5,218,474
4,425,045

5,550,955
4,737,907

5,406,579
4,588,578

–311,286
–204,518

213,370
218,202

169,931
161,121

–64,675
–37,618

307,242
312,862

–155,467
–147,637

3,617,867

3,897,203

4,011,659

3,945,429

–146,774

268,639

63,704

93,218

89,748

–89,725

611
269,570
49,504
19,919
87,227

725
367,610
47,587
18,188
87,875

680
385,326
51,930
19,347
88,563

712
363,953
47,041
19,371
90,863

–1,265
–35,794
–10,781
–1,854
–4,984

100
97,870
–1,303
–1,877
–1,150

–57
15,274
–4,805
–389
64

77
9,969
2,295
–2,368
1,081

–58
16,613
3,931
968
295

27
–21,933
–5,038
–31
1,715

1,732,801

10,359
136,414
316,980

1,768,453
55,599
11,631
115,162
424,734

1,784,446
53,174
11,908
121,828
441,066

1,692,784
49,596
11,840
120,440
486,909

104,621

–4,739
–42,159
4,931

20,725
–22
1,581
–18,400
106,089

25,474

966
–92
9,805

19,641
–22
103
–6,839
47,346

12,535
–3,670
–78
3,592
12,746

–100,010
–4,155
–186
–2,703
42,460

Isle of Man
Jersey
Lebanon
Macao SAR
Mauritius

37,581
258,226
9,763
10,909
15,606

32,805
224,824
8,285
16,992
19,943

32,528
230,506
9,601
17,175
18,587

33,241
227,896
8,775
17,209
18,229

491
–95,134
3,028
3,561
787

–3,896
–26,553
–1,273
6,166
4,332

–1,038
–1,455
–275
688
1,270

–1,027
609
359
1,105
397

–1,059
–12
1,196
73
–1,501

657
–4,082
–883
–14
–425

Netherlands Antilles
Panama
Samoa
Singapore

59,518
83,767
1,638
401,458


97,794
3,034
469,622

...
99,498
3,279
505,848

...
103,463
3,555
509,153

–8,840
3,623
105
–53,368

–3,720
8,994
1,361
63,009

–2,809
4,592
258
16,864

–2,454
2,433
539
13,426

22
2,037
248
33,558

...
2,101
259
–772

Sint Maarten
Vanuatu
West Indies UK


122
102,879

167
110
120,155

317
112
130,285

297
128
133,528


31
–9,724


–13
16,947


28
–1,024


–37
7,372

3
1
8,692

–21
15
2,548

Offshore centres
Aruba
Bahamas
Bahrain
Barbados
Bermuda
Cayman Islands
Curacao
Gibraltar
Guernsey
Hong Kong SAR

Liabilities
ii) Other

5,227,037

5,809,308

5,939,290

5,776,168

–75,816

546,368

152,508

140,662

91,772

–188,999

Australia
Canada
Japan
(of which in JPY)
New Zealand

132,824
204,017
564,385
196,689
19,417

149,828
226,013
625,403
179,347
19,320

158,696
245,829
684,663
198,119
21,623

179,612
249,408
672,491
202,521
24,630

672
18,169
–312,881
–115,740
1,297

17,015
23,171
40,623
–41,183
–221

6,169
–8,227
3,432
–10,677
4,126

6,822
9,337
17,763
–21,972
–3,702

6,015
17,070
54,732
22,622
1,958

19,797
2,554
–21,423
–1,489
2,837

United States
(of which in USD)

4,306,141
3,619,822

4,788,537
4,007,978

4,828,250
4,047,101

4,649,806
3,837,489

216,879
208,562

465,844
384,851

146,896
139,234

110,524
97,534

11,969
39,123

–192,757
–210,741

4,597,006

4,497,765

4,540,395

4,439,721

–470,943

–77,250

59,155

35,368

32,147

–120,355

1,721
384,602
30,834
32,931
78,320

1,128
354,800
43,262
27,285
80,033

1,734
356,245
32,970
23,200
83,693

1,360
354,173
30,998
21,936
89,460

161
–115,304
–4,664
7,710
5,701

–550
–27,764
13,094
6,082
2,253

–218
3,710
3,294
666
–1,684

–250
–6,396
4,662
202
4,589

580
–282
–10,520
–4,320
2,372

–385
–2,993
–2,010
–1,358
5,151

1,855,793

12,142
174,920
521,541

1,855,762
109,319
15,304
177,955
484,092

1,927,173
114,537
15,025
184,760
458,073

1,829,335
109,503
14,901
177,146
467,273

–64,930

–7,023
–30,678
–90,570

2,936
–91
3,508
6,409
–33,401

12,431

1,140
3,935
1,526

75,266
–91
738
–432
–10,388

64,275
3,609
–634
1,812
–31,075

–102,805
–6,629
–200
–9,174
6,220

Isle of Man
Jersey
Lebanon
Macao SAR
Mauritius

88,754
414,368
45,365
29,558
16,997

77,795
379,200
47,133
37,228
19,733

76,025
362,789
48,023
37,425
17,780

77,953
359,556
48,605
41,199
18,035

–5,367
–88,205
9,092
3,644
430

–8,149
–48,302
2,211
8,254
2,874

–1,743
11,613
220
4,832
1,029

–990
–20,111
1,256
2,212
2,207

–3,682
9,654
388
–230
–2,117

1,987
–4,903
451
3,617
220

Netherlands Antilles
Panama
Samoa
Singapore

126,991
92,505
7,317
442,513

7
87,581
8,056
454,694

...
90,905
8,005
460,974

...
91,725
8,378
457,062

–16,679
–13,478
903
–53,963

–15,380
–2,341
772
12,621

112
819
540
20,067

–7,018
–1,345
284
–11,934

84
1,851
–102
1,590

...
–60
339
–6,462

Sint Maarten
Vanuatu
West Indies UK


484
230,979

8
419
228,390

1,760
474
233,073

115
454
238,388


–46
–7,016


–62
–3,006


–31
–5,540


–12
278

74
49
1,652

–1,646
–25
3,908

Offshore centres
Aruba
Bahamas
Bahrain
Barbados
Bermuda
Cayman Islands
Curacao
Gibraltar
Guernsey
Hong Kong SAR

BIS Quarterly Review, December 2011

A 29

Table 6A (cont.)

Dec 2009

Amounts outstanding
Dec 2010 Mar 2011

Jun 2011

2009

2,439,013

2,840,207

3,071,389

3,242,399

–52,165

425,009

154,033

97,784

180,745

144,920

478,645

499,160

508,676

505,322

467

27,822

11,132

16,974

1,468

–6,321

Algeria
Angola
Benin
Botswana
Burkina Faso

2,533
8,604
105
209
375

2,717
8,527
67
387
413

2,830
8,403
114
367
435

2,982
9,501
87
400
542

265
1,060
–14
1
2

280
17
–33
221
56

30
–3
–22
80
31

184
–138
–35
97
3

30
–285
41
–23
8

125
1,051
–28
32
102

Burundi
Cameroon
Cape Verde
Central African Republic
Chad

28
1,218
700
13
90

30
1,250
722
7
65

39
1,176
730
43
71

32
2,026
854
47
68

–32
–251
–66
–425
–7

2
84
45
–5
–22

–3
273
23
–6
18


–193
–55
1
–34

8
–125
–14
34
4

–7
837
116
3
–4

Comoros Islands
Congo
Congo Democratic Republic
Côte d’Ivoire
Djibouti

10
294
522
1,756
249

10
353
668
1,338
226

18
455
586
1,440
230

20
300
1,139
1,802
237

–2
–181
115
–2,252
43

1
70
167
–336
–34

–1
93
8
–142
–28

2
–12
68
–194
–4

7
91
–97
41
2

2
–158
547
339
6

Egypt
Equatorial Guinea
Eritrea
Ethiopia
Gabon

16,723
129
8
248
750

21,844
53
10
361
879

18,970
56
12
316
904

18,903
79
9
460
950

–136
38
–4
209
–67

5,186
–75
2
114
155

1,727
30
3
–5
89

1,523
–18

115
55

–3,156

2
–50
–24

–196
22
–3
142
31

Gambia
Ghana
Guinea
Guinea-Bissau
Iran

107
3,213
319
12
18,816

100
4,622
450
7
16,579

97
4,158
364
4
16,467

103
3,780
340
4
14,192

11
641
–67
6
–2,034

–18
1,436
145
–4
–1,280

–22
92
125
–3
–974

2
1,385
10
–1
–332

–5
–537
–100
–3
–891

5
–400
–28

–2,520

Iraq
Israel
Jordan
Kenya
Kuwait

1,394
14,901
4,319
1,654
23,239

1,352
20,160
4,763
1,696
22,459

1,666
23,963
4,029
1,974
23,119

1,663
24,678
4,252
2,018
19,359

–406
3,475
878
16
–13,036

–12
5,441
484
66
–785

24
–611
–36
91
–3,349

–85
1,513
766
–27
1,747

258
3,396
–802
235
318

–26
525
201
26
–3,889

Lesotho
Liberia

22
24,169

41
26,837

71
27,104

22
27,734

–17
2,891

17
2,348

28
972

–20
823

30
226

–49
488

2,106,243

2,179,216

2,272,600

2,324,599

–132,063

87,702

66,864

32,732

61,473

40,351

753,651

739,650

791,583

811,218

–56,780

–12,507

–3,146

15,828

40,322

15,948

6,204
12,376
420
1,615
347

6,255
16,287
276
1,636
466

5,752
19,177
285
2,345
420

6,279
21,808
281
2,140
399

–343
–6,602
94
–136
11

286
4,024
–124
43
137

77
3,155
–33
–39
36

120
231
–3
361
26

–712
2,696
–4
694
–65

485
2,574
–8
–209
–27

Burundi
Cameroon
Cape Verde
Central African Republic
Chad

236
1,870
1,346
83
238

242
1,724
1,606
89
155

266
1,874
1,718
96
223

230
1,788
1,773
106
267

26
341
94
–13
29

8
–37
315
9
–72

–12
261
68
–6
39

15
–140
89
2
–72

18
75
46
3
63

–41
–105
29
9
40

Comoros Islands
Congo
Congo Democratic Republic
Côte d’Ivoire
Djibouti

56
812
1,382
2,099
796

48
1,111
1,695
2,392
462

98
927
1,897
2,501
405

86
947
2,183
2,434
688

–4
–105
123
–556
131

–6
344
363
394
–311

3
93
–19
–218
–194

–5
149
245
70
–38

46
–222
167
14
–62

–13
10
265
–97
281

Egypt
Equatorial Guinea
Eritrea
Ethiopia
Gabon

27,206
1,125
47
643
1,229

24,983
5,073
39
966
1,201

31,857
5,003
85
786
1,054

33,397
4,471
128
1,088
1,314

–3,712
259
–10
–6
2

–1,630
3,987
–7
345
32

–124
183
38
–11
29

–41
–340
–39
245
115

6,378
–103
45
–202
–195

1,429
–542
42
298
243

Gambia
Ghana
Guinea
Guinea-Bissau
Iran

179
1,399
618
53
29,986

195
2,197
409
59
17,742

214
2,266
406
55
20,267

225
3,469
1,246
62
17,892

–10
–30
78
15
–13,021

–12
635
–195
8
–11,066

13
–166
–116
7
–3,766

–27
261
–2

–4,427

14
45
–14
–6
1,786

8
1,197
837
6
–2,583

Iraq
Israel
Jordan
Kenya
Kuwait

4,441
32,015
12,114
8,713
42,108

4,638
25,992
14,003
8,965
49,952

4,644
29,056
14,461
9,667
63,805

4,362
30,513
15,955
9,675
63,126

1,195
–3,954
–1,462
–445
–11,542

351
–5,545
2,031
419
7,419

–105
–3,135
705
–14
233

26
–624
407
–91
–671

–140
2,631
294
485
13,013

–324
1,280
1,433
–18
–1,046

Lesotho
Liberia

566
18,306

846
21,117

846
20,040

776
20,576

–135
157

174
3,166

–31
454

107
1,068

7
–1,321

–70
448

Vis-à-vis countries

Estimated exchange rate adjusted changes
2010
Q3 2010
Q4 2010
Q1 2011

Q2 2011

Assets
Developing countries
i) Africa & Middle East

Liabilities
Developing countries
i) Africa & Middle East
Algeria
Angola
Benin
Botswana
Burkina Faso

A 30

BIS Quarterly Review, December 2011

Table 6A (cont.)

Vis-à-vis countries

Dec 2009

Amounts outstanding
Dec 2010 Mar 2011

Jun 2011

2009

Estimated exchange rate adjusted changes
2010
Q3 2010
Q4 2010
Q1 2011

Q2 2011

Assets
Libya
Madagascar
Malawi
Mali
Mauritania

1,657
654
213
254
244

1,955
717
225
262
292

1,253
719
169
356
347

1,271
790
151
365
377

375
139
–8
–18
–58

29
72
10
25
57

-1,003
387
45
–11
35

442
21
4
–10
8

-731
–6
–58
82
48

8
68
–19
5
36

Morocco
Mozambique
Namibia
Niger
Nigeria

10,072
907
1,001
151
8,993

9,391
1,039
834
79
7,540

11,135
1,229
866
60
7,687

11,741
1,207
619
81
8,655

2,223
125
126
10
–2,063

–274
135
–137
–71
–1,383

723
77
20
25
–799

–180
–203
–73
–6
–224

1,324
163
10
–21
92

479
–31
–255
20
948

Oman
Palestinian Territory
Qatar
Rwanda
Sao Tomé and Principe

9,653
38
49,528
44
41

9,538
15
61,090
34
54

9,793
23
61,290
63
55

9,672
22
60,536
93
58

–934
27
1,589
31
–8

–160
–20
11,615
–10
16

582
1
2,461
–8
–1

–362
–2
6,170

3

228
8
–70
28
–2

–138
–1
–851
30
2

Saudi Arabia
Senegal
Seychelles
Sierra Leone
Somalia

82,091
1,081
1,392
67
110

86,101
894
1,789
199
91

86,680
991
2,183
148
101

87,483
1,129
2,103
170
101

2,610
121
263
6
8

9,790
–137
444
138
–11

7,106
182
23
1
–7

4,573
–272
343
124
1

–1,759
51
340
–60
4

67
122
–114
20
–2

South Africa
St. Helena
Sudan
Swaziland
Syria

36,189
10
1,244
72
943

38,301
12
1,379
170
814

36,495
15
1,225
211
964

37,212
4
1,261
218
768

–626
6
265
–11
66

2,635
2
156
96
–112

2,790
2
55
–20
12

1,509
5
–110
14
–4

–2,741
3
–186
40
134

418
–11
9
6
–205

769
342
4,808
426
103,079

937
295
3,793
538
102,528

2,197
339
4,229
523
102,404

969
318
4,083
557
103,810

–71
70
–238
25
–4,194

232
–25
–733
118
–1,640

91
2
–272
54
903

17
–24

–21
–3,881

1,244
26
268
–25
–975

–1,234
–27
–202
31
1,036

1,257
1,006
377
33,203

1,477
1,054
299
26,431

1,548
1,200
315
31,652

1,434
1,110
373
27,998

193
13
–122
9,872

51
50
–87
–6,782

77
6
62
–1,003

326
–39
–104
1,785

60
140
7
5,181

–119
–93
55
–3,676

Libya
Madagascar
Malawi
Mali
Mauritania

66,089
1,482
199
489
481

59,662
1,045
460
448
606

62,673
1,005
421
489
981

61,872
1,040
421
708
1,046

–7,093
437
7
103
–43

–5,103
–393
225
–24
139

–4,047
–107
27
–47
69

–2,270
–147
110
–19
86

2,210
–76
–49
23
360

–1,006
23
–2
210
63

Morocco
Mozambique
Namibia
Niger
Nigeria

10,895
1,836
1,375
122
23,164

8,977
2,330
1,425
136
23,407

7,389
2,377
1,592
148
22,123

7,090
2,567
1,217
147
20,364

1,186
396
304
–16
593

–1,313
420
–41
18
96

1,191
–56
64
–201
–961

331
437
10
–25
554

–1,898
5
153
7
–1,722

–394
176
–383
–2
–1,862

Oman
Palestinian Territory
Qatar
Rwanda
Sao Tomé and Principe

6,392
1,052
19,008
616
83

7,321
1,025
31,924
628
38

7,845
1,128
32,957
560
32

9,804
1,031
32,140
553
39

–1,539
–31
1,428
82
–20

967
5
6,891
–5
–43

1,474
–14
1,718
–64
8

–1,060
51
5,361
101
–21

414
77
802
–79
–7

1,929
–105
–1,167
62
7

Saudi Arabia
Senegal
Seychelles
Sierra Leone
Somalia

169,169
1,666
5,589
155
47

167,744
1,336
6,095
224
46

170,555
1,376
6,633
230
48

178,792
1,260
7,437
286
48

–14,372
–69
924
–20
–3

–335
–219
620
20

–2,692
–35
729
1
2

12,199
–263
228
7

792
–27
393
3

7,540
–137
751
56
–1

South Africa
St. Helena
Sudan
Swaziland
Syria

41,883
14
1,614
1,118
18,581

46,105
11
1,787
900
17,962

45,026
15
1,925
765
18,140

46,615
10
1,634
716
9,651

–4,392
5
–139
–649
–5,334

4,820
–6
214
–246
–87

3,647
5
116
–39
706

1,008
–8
–88
25
215

–1,852
4
82
–133
–381

1,384
–5
–305
–49
–8,666

Tanzania
Togo
Tunisia
Uganda
United Arab Emirates

2,070
428
5,373
1,789
81,987

2,027
387
6,361
1,988
74,552

2,023
410
6,598
1,761
92,814

1,922
401
5,901
1,728
96,297

–13
–33
211
–25
3,572

–22
–24
1,162
190
–7,747

102
–25
513
–48
1,357

19
13
–392
–9
–41

–32
6
29
–280
17,012

–106
–8
–759
–37
3,191

Yemen
Zambia
Zimbabwe
Residual

6,053
1,109
1,233
69,862

4,969
1,535
1,370
51,998

4,717
1,569
1,243
51,519

3,983
2,036
1,382
61,396

–1,972
152
268
8,846

–999
429
138
–17,742

–3
239
–96
–4,082

270
–36
218
1,944

–348
19
–137
–520

–749
464
138
9,867

Tanzania
Togo
Tunisia
Uganda
United Arab Emirates
Yemen
Zambia
Zimbabwe
Residual

Liabilities

BIS Quarterly Review, December 2011

A 31

393 2.658 398 2.386 45.092 – 628 27.746 Maldives Marshall Islands Micronesia 647 26.873 98.475 463 1.555 44.590 112.779 69 96 277 3.759 –158 –51 –40 15.216 3.187 64.910 –21 83 –45 495 Maldives Marshall Islands Micronesia 149 8.902 106.156 721.659 44 –25 –40 4.541 437 185.531 421 506 56 –95 1.160 314 1 –10 9 –563 197 – 6 –8 10.) Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 783.466 –977 –47 228 212 948 3.440 671 5.536 59.466 –25 –18 1.717 601 158 –321 –386 –8.187 1.974 –2.521 6 –85 2.578 719 4.382 409 2.501 – 21 402 59.477 –2.969 –34.657 4 –1 –4 –27 4.070 4.246 419 5 39 12 304 404 12 –57 67 341 375 22 British Overseas Territories Brunei Cambodia China Chinese Taipei 509 943 846 177.864 –31 140 274 –3.684 44 99 365 23.270 29.200.321 –7 111 184 228 –3.151 4.236 53.664 –6.758 –137 –327 4 9.609 3 626 30.164 –40 390 –1 977 175 39 204 26 –891 –954 6 366 –14 705 111 –1 48 51 567 426 14 262 65 –301 127 11 1.386 26 198 10.939 1. December 2011 .506 115.365 959 485.738 –1.898 227 –67 154 68.802 751.771 – 587 29.247 1.801 6.601 105.036 652 4.796 2.480 15.376 11.316.064 52 295 –42 –13.872 125 634 490 29.022 694 243.729 –583 316 –6 152.836 274.422 803 414.796 –14 –114 25 607 5.450 2.543 1.100 346 1.433 333 2.925 11.183 91 25.316 1 21 –85 997 –1.361 78 642 525 25.876 –10.994 15.979 –3.428 1 25 428 53.314 44.974 –420 –1 5 18 2.283 53.063.256 1.518 19.594 83.291 Kazakhstan Kiribati Kyrgyz Republic Laos Malaysia 12.854 422 1.359 –56 135 –41 46.280 1.918 89 79 360 4.737 –4 12 510 –2 23 246 – 10 –199 16 7 –205 –7 Vis-à-vis countries Dec 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets ii) Asia & Pacific Afghanistan Armenia Azerbaijan Bangladesh Bhutan Liabilities ii) Asia & Pacific Afghanistan Armenia Azerbaijan Bangladesh Bhutan British Overseas Territories Brunei Cambodia China Chinese Taipei A 32 BIS Quarterly Review.552 469 134.042 1.320 299 1.464 –31 126 –55 49.305 112 52 17 –402 –311 7 –31 –35 644 712 7 –8 3 1.750 355 2.537 269 1.606 754 259.822 –2.378 47 90 260 –8.038 6.794 717.375 –7.266 849 330.187 36.114 Fiji French Polynesia Georgia India Indonesia 421 2.969 24 210 10.679 545 196.912 –517 –97 157 41.048 14.672 5.156 Kazakhstan Kiribati Kyrgyz Republic Laos Malaysia 16.833 –3 63 –139 –315 2.339 –1.985 –55 1.537 7 168 142 4.797 3 36 883 3 664.335 6.814 462 2.346 1.222 17 122 204 6.813 15.844 2.253 126.696 25 –34 –108 7.839 105 722 448 30.527 27 –266 72 –37.985 11.435 46.491 72 136 292 3.833 13.168 26.382 5.394 658 232.070 1.968 1.331 283 229 –135 1.216 –5.081 8.891 51.960 15.145 9 –1 97 9.319 1.872 17.562 –17 –7 183 34.412 Fiji French Polynesia Georgia India Indonesia 213 1.753 128 318 2.544 66.348 82.940 27.893 393 2.234 410 2.022 1 19 435 42.745 33 25 893 –10 48 2.463 –3.790 1.357 1 76 382 38.995 12 235 50 12.396 554 206.187 1.Table 6A (cont.263 –1 –56 51 3.810 –1.503 36 137 –48 80.028 462 1.082 107.541 394 2.201 540 201.485 173 138 –130 9.095 698 1.893 40 217 10.268 167 2 –17 –21 –1.607 1.456 – 29 1.637 36.084 4.239 72 496 386 20.240 –33 –50 128 36.751 90.854 16.311 – 6 911 – –47 1.588 278 2.501 4.

952 29 –281 –2 25 2.818 16 401 288 62 15.884 17 26.021 9 42 183 31 702 –5 6 –8 10 –480 5 10 –102 12 662 1 –4 20 –9 537 4 –3 –44 21 –7 –3 –3 –26 – 179 2 3 62 –1 –325 1.473 368 247 30 64 3.644 –17 328 – –3 3.395 12.446 4.633 15 3.599 1.977 22 –295 –6 9 118 474 –24 3 9 –96 455 –11 100 13 –216 –17 2 –106 5 48 –286 –6 11 –21 45 558 –23 –1 11 187 72 4.361 62 12.244 17.894 –977 5 –1.076 7 44.468 –5 267 282 3.382 18 4.207 992 34 5 3.065 12.Table 6A (cont.901 –6 7.697 6 61 –433 11 –533 –2 58 –161 31 –691 6 18 –149 –49 1.420 –2 2.218 2.883 13.706 91 7 3.747 4.850 221 50.912 4.000 1.074 1.531 270 57.505 1.470 18.483 –40 2.035 30 736 27.701 1.048 Timor Leste Tonga Turkmenistan Tuvalu US Pacific Islands 22 29 14. December 2011 A 33 .399 20 86 125 54 13.880 4 14.811 22 –15.334 14.204 14 47.881 740 –358 –11 451 598 –7 3 2.198 491 805 –3 –2.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets Mongolia Myanmar Nauru Nepal New Caledonia 156 278 10 75 3.725 –3 5.239 –2 –19.389 74 –13 3.694 –89 1.378 24 2.914 151 22.603 12 8.494 1 3.116 864 1 4.316 3.341 511 974 12 1.323 119 824 10 1.180 17.248 31 217.745 31 524 18.873 35 198.204 5 27 252 11 173 10 40 137 31 825 7 38 118 32 1.400 16.198 280 923 11 1.528 2.367 117 14.904 2.240 –6 –151 –5 39 –258 30 –193 –1 296 7.726 928 228 29 75 3.757 161 20.210 30 929 27.691 1.295 7 873 –1 –3.937 112 18.912 8 41.125 –4 392 – –57 1.359 18.057 95 5.215 1.344 –13 831 –3 466 106 428 –356 –12 –349 –99 73 38 –4 35 39 342 16 – 48 –54 –234 –92 –2 –40 68 –162 –111 –1 –103 2 North Korea Pakistan Palau Papua New Guinea Philippines 106 13.846 4.586 290 5.572 –13 –17.216 –469 108 –116 34 882 568 –120 2.534 1 –99 102 23 –466 –5 198 39 –3 532 –3 51 62 5 228 –1 93 –9 –2 899 –2 126 170 8 353 –3 –206 Uzbekistan Vietnam Wallis/Futuna Residual 10.973 3 –5.647 97 4.089 2 3.082 55 1.290 5 1.429 626 11 –5.956 2 8.329 15.334 7 125 –1.374 194 153 – 188 –577 31 201.448 –29 –1 5.751 North Korea Pakistan Palau Papua New Guinea Philippines Solomon Islands South Korea Sri Lanka Tajikistan Thailand Timor Leste Tonga Turkmenistan Tuvalu US Pacific Islands Uzbekistan Vietnam Wallis/Futuna Residual Liabilities Mongolia Myanmar Nauru Nepal New Caledonia BIS Quarterly Review.680 114 1.070 2.698 2.359 2.199 4.436 184 1.980 1.305 294 –3.861 214 169 –1.607 30 784 26.050 84 1.658 308 58.829 644 241 19 85 3.817 111 11.186 13 195 8 –4 2.874 18 274 117 53 14.535 24 95.991 14 9.329 271 20.624 4 –2.059 Solomon Islands South Korea Sri Lanka Tajikistan Thailand 185 42.588 1.837 –14 43 2.847 33 93.493 4.349 17.447 30 5.223 8 3.080 –2 3.086 35 90.235 625 –6 12.910 –1 1.559 27 98.019 37 208.027 –9 13.799 18 3.479 598 –2 3.800 100 –1 2.953 434 –51 1.742 823 49 1.064 14 6.121 44 6.

707 2.625 –868 126 –141 –27 –2.975 744.819 854 695 277 31.473 –1.869 1.536 917 –18.248 3.555 24.080 357 1.065 20.032 1.001 21.000 594 473 –215 2.119 –13. Serbia & Montenegro Residual Europe 132.509 8.133 725 1.977 5.485 12.099 4.120 25.934 105 –103 206 2.989 1.120 5.173 –10.062 481 1.369 81 21 103 –4.777 139.641 2 –183 –642 1.067 –91 –9 –21 9 7.024 –1.155 –31 –131 981 3.505 131 521 –2.598 53.689 7.007 122. FYR Moldova Montenegro Poland 3.324 337 1.282 13.925 608 1.086 Turkey Ukraine Res.577 1 7.650 318.888 1.903 732 565 1.139 148.358 1.436 324.364 4. Serbia & Montenegro Residual Europe A 34 BIS Quarterly Review.247 15.714 16.163 –10.384 184 16.501 5.126 158 161 –95 –2.123 –3.905 –167 –505 473 –128 34 99 750 –1.374 –395 3.654 1.428 39.631 –1.814 15.610 140.173 614 227 –23 42 548 Romania Russia Serbia 62.167 706 669 –945 –723 –12 10.794 5.161 1.153 178.671 4.181 –3.723 121.660 –18 923 –3.757 757 572 –3.402 21.836 62.844 10.475 –287 8 –1.611 –169 204 4.170 –200 59.531 144.Table 6A (cont.018 –3.867 501 2.958 –111 –16 –2.135 93 Lithuania Macedonia.296 2.659 1.676 57.012 –83.965 23.034 4.028 –711 –806 –2.607 620 2.453 3.660 –3.575 4.167 9. December 2011 .441 7.151 3.256 65 6.172 48.849 179 122 –41 –116 175 Czech Republic Hungary Latvia 45.208 21.299 822.614 1 10.550 –1.122 –1.701 50.113 –361 63 –104 11.166 –544 71 –26 –8 8.776 19.050 6 520 3.013 344 –383 17.693 3.140 –198 156 –11.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets iii) Europe 763.029 27.173 1.258 3.006 117.574 –2.718 5 405 –193 842 –76 Czech Republic Hungary Latvia 19.366 20.565 9.657 –45 591 17 148 333 41 –86 –76 –967 1.438 –330 29 –204 44 5.752 398 –622 73 –1.333 15.988 2.734 155.451 15.412 707 1.714 4.134 8.754 116 15.115 306.308 17.774 826 695 254 23.066 911 1.010 82 182 34 –5.945 –672 – 1.156 2.537 4.955 –2.743 –327 –38 –135 –66 13.501 3.541 –273 701 –3.359 300.792 16.978 169.317 1.834 2.718 2.263 142.107 258 17.130 1.130 1 9.464 –319 117 –362 4 6.586 122.566 1.769 44.434 –14.581 50.025 1.930 –6.374 14.154 –361 2.916 10.598 4.445 3.239 101.377 –8.271 25.345 17.340 1.014 9.916 45.236 –78 –532 9.496 80.459 –254 –93 135 Liabilities iii) Europe Albania Belarus Bosnia and Herzegovina Bulgaria Croatia Romania Russia Serbia Turkey Ukraine Res.816 8.208 Albania Belarus Bosnia and Herzegovina Bulgaria Croatia 1. FYR Moldova Montenegro Poland 19.664 7.656 1.410 1.480 20.051 121.731 3.571 11.045 180 225 –916 –185 181 73 134 97 4 1.203 60.748 209 15.239 –19 –701 20.081 –404 942 3.884 5.320 –2.041 3.675 15.103 –204 25 –387 –3.869 72 247 –78 482 –1.428 3.025 25.321 3.772 –497 –126 1.598 –139 136 –6.094 7.144 21.471 73.280 313 –147 1.982 47.279 –359 –66 1.551 43.993 146 –66 –54 4.456 –884 – 1.813 25.273 23.692 145.915 1.664 1.790 26.142 25.085 11.873 –3.568 2.828 2.845 –10.583 799.725 –39.461 4.518 –211 Lithuania Macedonia.028 861 170 28.467 –25.637 –4.826 92.580 214 16.747 45.365 2.041 78.443 18.616 3.

955 26.215 122 223 13 4.879 1.Table 6A (cont.565 3.342 –28 3 200 –89 –369 24 2 263 43 2.959 28 335 1.707 1.102.429 133.339 1.146 532.042 –24 575 –23 3 Dominican Republic Ecuador El Salvador Falkland Islands Grenada 3.674 –91 –99 –7.812 76 51.667 5.959 3.390 13.739 11 153 –34 57 1.028 –840 –6.255 21.279 33.190 2.925 1.870 63 53.073 556.634 473.548 47.842 –1.225 –37 6.245 2.081 196 286 –455 213 2.659 –459 13.309 5.165 67 1.162 4.183 1.336 3.300 5.337 –209 211 27 1.227 598.161 65 25 – 9.395 15.304 117.527 25.481 1.445 2.780 1.134 3.578 1.350 1.619 666 3.109 2.967 14.800 –54 35 3.851 1.586 2.514 16.765 310 28.535 16.879 17 19 –102 –144 618 7.886 257 –645 –540 –58 St.772 4.896 16.279 7.410 21.237 –1.799 2.906 501 67 286.915 606 830 15.374 4.897 125.317 1.359 14.020 –1.890 210.871 475 64 265.549 16.663 442.653 3.166 13.951 2.315 35 6.612 Venezuela Residual Int.248 –12 –2.382 –89 –282 162 –180 18.134 –724 147 –1.369 9.859 8.057 16.559 3.977 514 126 –14 – 28.194 441 789 3.377 46 6.998 24.979 4.656 4.565 442.288 273 26.189 7 20 –142 –130 697 60 –1 800 –137 227 53.759 3. Saint Eustatius and Sa Brazil Chile Colombia Costa Rica Cuba Dominica St.474 482 95.491 584 5.974 434.270 –3.319 –34.766 16.437 502 1.984 62 49.727 15.814 247.065 4.444 2.862 234.542 3.294 25 93.439 421.899 7.294 16.429 –433 221 –6.058 12 88.053 11.377 76.044 1.587 2.972 2.715 397 127.126 2.627 25.743 – 85.372 10.235 2.686 3.382 59 6.175.314 2.493 407 –97 109 405 –334 325 –19 593 –265 254 –301 55 101 –275 529 467 –124 47 426 –509 –5 62 –32 367 194 –176 50 –22 19 117 Mexico Nicaragua Paraguay Peru St.471 186 Argentina Belize Bolivia Bonaire.283 –652 –142 –496 – –980 –1.260 –31 11 25 75 –1.181 42 161 4.795 788 119.366 494 98.303 46 156 –197 –320 –321 –5 –8 477 402 –197 5 96 –22 156 –137 – 44 82 238 285 – 49 67 –79 157 2 7 225 79 118 4 –5 Guatemala Guyana Haiti Honduras Jamaica 3.099 1. Vincent Surinam Trinidad and Tobago Turks and Caicos Uruguay Venezuela Residual Int.828 521 8 248.034 21.086 13.669 494 95.402 289 27.179 15.974 2.411 Chile Colombia Costa Rica Cuba Dominica 24.713 477.669 1.605 55.679 27.878 67 8.164 10.834 9.349 6 –125 1.218 4.587 9.997 5.325 48 2.452 –107 564 4.596 717 158 1.377 20.786 2.718 2.151 441 –10.087 2.679 52.639 2.623 –2.910 6.285 2.399 –2 4.626 221 101 6.091 –96.382 2.880 7.813 –743 –39 –58 –255 –49 705 –135 –38 –46 160 –68 –39 –3 –121 –15 593 –6 –35 151 153 115 12 3 75 15 854 7 –4 125 532 Mexico Nicaragua Paraguay Peru St.109 211.337 544 1. December 2011 A 35 .173 4. Lucia 81.280 14.811 1.943 6.194 1.945 –15.217 6.384 156 100 5.404 9.125 2.264 7.491 466 91 –185 – 82. Vincent Surinam Trinidad and Tobago Turks and Caicos Uruguay 2.478 704 155 1.877 Argentina Belize Bolivia Bonaire.340 –11 –79 –682 54 61 140 70 253 –39 –2.509 494 1.100 64 347 2.161 –127 –12.578 26. organisations Unallocated Liabilities iv) Latin America/Caribbean 381.294 34 3 271 407 383 –2 9 354 –338 1.907 22 445 –134 –28 728 –102 4.314 21 –638 389 –70 113 7 3.421 606 –47 – 22.358 7.679 2. Lucia 95.929 1.656 418 339 – 7.933 240 12 25 3 19.015 –5 –48 56 14.025 2.098 7.411 –297 1.646 14.098 297 –190 35 Dominican Republic Ecuador El Salvador Falkland Islands Grenada 5.657 347 732 1.907.758 14.884 4.674 563.334 2.974 347 89 – 1.217 14.306 146.271 5.935 6.435 173 15.111 630 –338 83 14 540 1.303 2.185 930 4.141 28.898 23.145 –17.382 428 114.527 38.308 10.307 2.593 15.860 135 139 6.196 3.800 –6.333 431 120.447 –1.768 514 1.377 2.707 196 84 –605 1.876 709 – 165.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets iv) Latin America/Caribbean 413.547 527 4.341 7.728 2.460 345 –121 13 1.926 41.663 –1. organisations Unallocated BIS Quarterly Review.278 432 787 112 – 10.651 1.173 14.208 187 971 –6.731 457 –7.097 63.820 495 1.471 –13 –58 1.978 –1.452 724 154 1.487 79 6.357 214.525 1.125 –11 7.977 3 1.808 18.141 2.897 404 357 4.441 119 906 –48 18 –515 –11 –1.757 –89 –124 –19 – 11.504 430 1.465 54.430 5.775 836 196 1.760 1.622 448 –94 –19 –4 444 2.486 301 38 201 63 12.842 23.474 8.555 163.273 1.851 9.591 148 –21 –14 2.154.192 35 52 4.602 1.080 1.473 3.109 485 4 –49 453 –74 –484 25 –35 –604 464 –306 12 –19 719 199 33 12 –17 –478 184 234 61 –1 204 –76 78 –25 –17 Guatemala Guyana Haiti Honduras Jamaica 4.608 2.511 –2.357 3.488 13.501 1.413 754 410 284 11 2.387 3.637 –722 438 35.700 2.466 1.042 9.883 4.993 78.740 13.989 23. Saint Eustatius and Sa Brazil 28.319 7.461 1.011 38 152 4.239 15.269 2.869 2.814 – 63.374 334 11.

698 20.504 3 –33 All Countries 7.009 –86.662 236.016 36.050 954.467 34.933.866 393.093.645 38.677 638 10.841 308 40 –3.006 8.180 266.440 672 349 1.723 155.001 –56.402 587.330 96 478 1.737 –30.876 246 17.198 453.502 1.618 9.162 8 11 76.857 476.131 248 –308 –5.286 3.286 9.026 1.563 421 –11.848 Developed Countries i) Europe 4.568 39.620 2.124 –3.897 1.828 240.357 –4.940 –40.344 1.137 94.201.125 304.193 183.205 19.380 2.412 11.281.405 –824 1.702 722.539 306.579 50.237 20.750 64.801 181.918 149.556 15.072 2.533 8.067.465 193.027 39.112.255 73.320 1.417 25.368 –3 159 77.918 417.939 –135.641 30.224 20.268 1.973 –338 –10.586 1.245 1.655 3.315 –2.603 –368 –169 56.916.118 –34.188 375.568 –444 9.335 –4.690 –994 –1.331 –22.631 3 4 34.207 1.871 –3.857 5.347 234.628 –1.278 17.892 32.832 –36 –72 –1.163 614.949 6.518 –164.034 8.705 –676 –7.495 –5.255 14.104 –643 –621 –920 2.865 19.000.383 6.634 50.046 1.203 55 –2.808 70.118.018 3.588 Luxembourg Malta Netherlands Portugal Slovakia 332.688 1.078 88.668 367 9.700 45.165 579 –1.645.487 336.519 31.321 183.634 5.270 –60.430 545 13.044.003.605 –17.051 –308 3.763 11.786 12.294 13.143 68.920 –444 –37.267 9.224.940 1.388 70.157 760 –3.379 484 15.871 33.701 –23.774 –21.295 –1.500 67.284 –321 –2.628 –22.015 170.151.904 –39.171 –3.360 180.934 242.832.115 United Kingdom (of which in GBP) Vatican Other 846.912 4 48 41.958 –426.246 1.342 3.755 81.714 171.507 768 Luxembourg Malta Netherlands Portugal Slovakia 171.529 50.136 –7.183 1.690 –5.666 2.089 459.468 44.157 –2.782 183.216 12.289 –4.546.312 24.287 399.009 –264 –1.775 58.965 –7.123 –108.777 28.741 67.366 –3.031.393 10.289 –11.902 –6.005 15.459.282 43.376 –172 2.547 2.294 10.298 –992 1.818 93.576 –14.456 71.161 4.790 148.345 1.525 38.858 291.206 –238 –57 2.680 –9.026 22.675 –32 –660 677 –583 6.398 66.387 19.047 4.164 262.126 51.599 3.500.038.293 48.172 –25.915 1.847 106.315 –19.216 France Germany Greece Ireland Italy 465.528 22.673 13.288 97.445 –189 3.780.545 1.008 74.989 24.294 –24.141 521.291 68.335 5 –182 –40.495 818 37.624 10.099 1.178 –8.719 221.221 440.827.084 484.293 –16 21.808 –154 –36.135 332.383.689 90.387 –18.570.455 1.480 2.Table 6B: External positions of reporting banks vis-à-vis the non-bank sector Vis-à-vis individual countries in millions of US dollars Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets All countries Developed Countries i) Europe Euro area 10.113 12.093 252.396 –82 665 1.265 1.243 596.988 –436.974 19.724 3.034 Austria Belgium Cyprus Estonia Finland 71.989 –302.003 2.023 58.049 –42 Liechtenstein Norway Sweden Switzerland (of which in CHF) 5.646 –345 –40.489 46 –30.078 13.544 2.316 –165 24 65.313 –21.951 6.157 – 962 1.217 –17.031.722 92.440 18 2.570 2.592 –896 11.172 5.050 –6.046 5.728 –12.090 15 1.891 5.234 928.144.971 13.379 19.822 –941 42.614 –9.340 444 –838 5.497 889 4.271 –36 9.508 –27 1.629 –14.432 7.298 215.913 77.265 10.470 97.325 4.148 155.353 2.052 –82 –823 –215 13.835 777 4.701 1.525 –3.331 12.446 –5.882 535.102 10.669 1.067 5.236 Austria Belgium Cyprus Estonia Finland 22.312 –104 494 –3.963 1.937 2.444 4.127 41.307 74.556 248.910 43 –15.346 –2.987 209 –30 1.118 12.373 1.222 –223 –172 118.821 31.343 72.391 59.315 184 1.310 4.773 1.392 1.184 –4.061 –2.512 186.084 8.955 180.372 10.868 –8 17 (of which in EUR) Liabilities Euro area (of which in EUR) Slovenia Spain Andorra Denmark Iceland A 36 BIS Quarterly Review.512 –30 114 –81 –45.453 595 666 940.323 –84.778 572.327 10.733 1.631 326.887 –49.077 –25.805 50.234 14.859 11.350 78.882 17.134 72 –3 –2.731 30.471 2.809 9.564 1.442 264 7.712 20.823 –132 22.328 4.589 –124 –249 76.149 13.768 1.220 6.786 –92 18.409 34.430 1.198 101.531 8.764 374.158 2.386 6.371 2.699 824 –6 2.606 20.233 13.816 –1.952 1.742 3.914 3.750 70.473 20.281 8 920 1.339 33.337 22.953 –70.799 5.985 513 –156 –2.358 36.451 60.337 –9.483 673 371 –119.877 31.878 75.418 694.404 25 3.745 208 8 France Germany Greece Ireland Italy 177.895 15 124 –5.143 –6.937 9.564.403 140.999 1.004 99.348 –751 –278 –1.068 1.234 –61.866 53.881.464 22.726 –14.841 126.252 United Kingdom (of which in GBP) Vatican Other 1.640.360 586 –31.479 –2.803 126 1.143 199.231 170.137 48 5.925 307 –2.754 8.123 3.303.874 22.679 96.981 88.301 –1.549.346 5.820 241.790 3.468 66.701 –160 –3.812.952.170 65 379 22.143 –116.534 195 4.794 –13.036.915 –106.708 22.477 12.600 917 –323 –5.934 18.889 –7.457 362.682 55.822 320.840 47.346 22.141 16.415 1.183 294.805 698 15.007 –2.549 305.923 5.754 –4.613.696.292 201.861 3.945 1.669 6.166 65.130.307 496.432 24.734 216.052 96.229 386 –163 14.068 5.891 15.735 6.910 43.750.577 –158 Slovenia Spain Andorra Denmark Iceland 13.481 439 360 1.168 –289 760 6.980 319.131 709.593 7.285 159 –1.095 957 –39. December 2011 .171 48.885 2.157.680 93.329 1.194 –27.579 13.075 9.118 1.093.118 1.075 7.108 –383 –411 –3.645 168.423 280 43 –1.197 –28.297 –68.440 –553 –266 –3.197 13.619 4.660 5.473 246.100 228.653 8.107 169.855 –14.896 –254.213 –4.079 –1.327 423.700 18.059 –9.595 96.748 52.138 169.603 1.110 –5.151 –396.135 –3.228 35.736 57 487 32.966 302 3.339 12 1.707.041 429 –3.488 5.055 5.421 232.360 –263 Liechtenstein Norway Sweden Switzerland (of which in CHF) 5.989 547.891 78.270 61.281 16.852 18.512 444.693 71.888 –29.570 460.381 3.930 73.965 2.516 47.785 148.670 –2.268 –8.886 8.362 48.028.456 287.404 –66.806 7.299 –92.535.119 11.558 –137.390 –450 –4.402 487.851 194.676 299.596 2.438 42.465 –13.177 49.166.861 –472.832 1.

522 –2.012 123.458 – 3 362 –21 –912 19 66 1.619 1.197 2.460 12.582 10.317 –46 –261 223 –1.847 1.438 27.348 10.122 9.500 8.736 –134.776 109.873 9.450 16.528 – –31 –5.554 203.705 –5..932 11.393 106.438 1.470.432 96.145 13.731 –11.693 3.967 46 293 204.481.307 –24.899 –142.223 5.916 573.280 –21.521 19.341 3.135 –442 3.854.866 11.730 1.265 –2.361 42.507 46.924 8.052 15.163 64.173 –521 –6.935 –5.896 8.150 –5.005 3.406 –5.032 2.066 728 93 3.771 3.545 15.801 –20.398.429 37.544 1.098 856 United States (of which in USD) 2.920 4 –904 255.104 –3.004 –3.752 15.273 27.868 69.029 –2 .956 96.300 –7.714 20 2.308 134.176 –32 174 368 24 446 –107 –72 1.486 79.147 86.755 –38 7.394 80 .226 9.882 – – 87.016 3.148 1.595 113.298 139.032 16.944 Australia Canada Japan (of which in JPY) New Zealand 130.804 – –638 –2.591 525.371 9.983 1.543 4.079 152.144 4.290.982 –192 61 –884 39 1.500 49 7.058 501..242 – 755 –1.385 395 290 –22 –13.357 109 6.813 1.788 260 2.208 202.771 307 7.793 –11.841 38.317 2.461 116.668.691 13 –10.200 4.861 86.867 77.377 –271 –263 87 54 –1.787 2. 81.008 29 324 199.456 284 2.768 254.186 29.171 506 7.226 78.263 – 5.965.231 25 1.790 4.460 –314 –16.751 138.845 –140.000.303 – 5.466 14.209 75.291 14.692 137.984 –106.500 –39 –1.996 47.160 232 653 –1.167 2.227 2.533 –1.525 19.206 195 –4.476 70.323..836 18.381 –429 –297 –4.176 –2.811 18.249..481 –278 –1.252 71..854 104 –384 –181 99 1.040 41.911 –2.664 1.750 Bahrain Barbados Bermuda Cayman Islands Curacao 5.889 –26.819 28.049 278 –11.113 12.344 743. 93..818 42.139 108.379 –583 6.427 –4.845 1.430 –10 14.562 8.162 131..752 1.001 822 45.217 –378 137 1.443 5.576 25.220.939 2.330 70.351 19.670 36 –1.430 – –194 2.641.966 57 382 660 .180.726 622 22.102 60 –2.292 –63.113 4.038 –2.272 3 Vanuatu West Indies UK 84 88.983 72.601 9.990 17.572 3.098 4..979 10.040.013 78 .575 –122.234 270.550 7.972 2.546 8.000 3.640 – 262 199.163 –209 –3.991 –333 570 26.472 8.363 42.244 –127.136 118.339.265 1.337 36.918 114.326 7.853 38.555 215 3.875 –2 1.491 10.129 2.499 106.916 30.754 5.405 463 768 – – –4.996 105 112.921 1.646.676 6.890 14.134 3.739 3.088 7.212 6.057 29. December 2011 A 37 .810 7 76.268 3. 80.433 97.066 84 109.256 1.258 10.851 –17.664 117.007 –149.790 117.043 2.287 57.617 196.433 81.320 60.739 66.274 3.379 2 5.816 –1.710 8.084.411 139.337 617 –4.534 217 6.097 –6.679 –2.007 .160.033 –322 –38 1..148 –2.664 81 –199 4.097 17.902 722 26.483 21.175 2.403.365 Cayman Islands Curacao Gibraltar Guernsey Hong Kong SAR 673.123 1.261 761 2.787 –47.184 535.276 21.501 7.839 77.922 142.825 –53.021 –189 120 –2.490 –2.262 –2.694 18.218 – 54 2.603 2.234 87 –2.189 7.528 295 3.581.115 3.246 4.799 48.501 111.737 20 –40 –335 Netherlands Antilles Panama Samoa Singapore Sint Maarten 17.801 81.191 2.726.511 13.280 14.368 –204 –655 –511 –39 915 2.Table 6B (cont.389 22.299.103 –4.189 49.215 767.626 173 United States (of which in USD) Offshore centres Aruba Bahamas 1.478 110.655 –5.832 8.082 –103.006 – –8 –5.117 67.336 90.397 30.705 61.412 – 105 –1. 1.161 –2.961 41.977 1.087 199.709 160.973 334 3.364 –29.969 186 5.482 Gibraltar Guernsey Hong Kong SAR Isle of Man Jersey 5.493 4.096 67.073 43.516 32.298 –219 470 748 –1.304 1.403 –2.867 –140. 42 6.343.348 –15.985 552 9.237 882 32.317 4.623 1.104 –5.917 3.030 –49.849 –472 –63 2. 89.671.362 73.759 –3.789 158.038 Lebanon Macao SAR Mauritius Netherlands Antilles Panama Samoa Singapore Sint Maarten Vanuatu West Indies UK BIS Quarterly Review.679 17.131 48.915 12.664 55.833 11.184 1.385 650 23.642 Australia Canada Japan (of which in JPY) New Zealand 52.046 515 2.276 402 620 416 –73 –1.819 116.439 –736 2.440 5.523 117.693 .267 1.031 –23.714 17.195 19.967 149 –32.036 6 253 194.678 34.537 653 23.727 9.130.303 103.853 –2 735 –1.072 1.706 86.605 1.402 1.389.986 133 19.409 9.593 181.049 1.346 –12 –152 –1.337 75.649 7.916 8.941 3.737 10.521 763.777 1.918 –46 464 –6.600 23.347 8.167 –44.218.746 7.316 –9.601 30.980.898 2.239 –1.467 450 956 –5.394 59.366 229.947 Isle of Man Jersey Lebanon Macao SAR Mauritius 23.510 3.103 – 2 2.888 21.724 125.553 4.438 –6.767 107.426.537 222.230 Offshore centres Aruba Bahamas Bahrain Barbados Bermuda Liabilities ii) Other 1.538 4.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets ii) Other 2.047 45.013 55.292 108.467 –8.005 –1.330 107.394 81 103.555 17 –34 4.444 –1.188 81.130 –62 –1.265.897 2.935 8.189 173 –3..871 3.555 – –345 10.365 16.837 731 7.151 4.742 –124.861 –28 –374 10.227 1..020 –2.232 2.857 47.486 1.905 4.982 –14.278 188 –11 5 –224 –4.904 62.124 –861 1.531 18.883..550 2.094 –9.148 13.053 33.522.280 4.524 –44 6.129 71.263 696 – 52 3.

547 –585 –25 –3.350 –589 1.151 298 333 226 3.400 –3 –39 –83 – –1.150 195 154 –1.248 26 26.420 – –45 –12 22 660 –16 239 –87 –1 –1.685 287 12 8.298 61 72 133 146 1.655 300.745 13.882 19 206 –29 2.238 –24 –950 19 –7 –3.947 –48 531 –9 933 15 –1.122 91 2.476 5.260 111 358 1.320 4.374 Lesotho Liberia 20 23.858 4.616 11 3 28 Burundi Cameroon Cape Verde Central African Republic Chad 141 1.066 215 45 4.117 6.) Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 1.515 29.088 –3 3.005 –46 305 –24 56 –776 Lesotho Liberia 135 17.126 225 13 452 429 1.574 28.172 224 1 –76 45 –269 47 –9 151 143 81 –15 2 44 –55 86 17 –6 22 170 81 –32 48 –89 –14 108 –13 –21 –21 223 –230 29 13.880 4.114 15.557 9.105 –12 2.645 4.265 41 9 455 932 695 38 –5 226 –49 438 –89 3 116 156 1.296 6 2 –53 –28 –454 5 –3 141 36 Gambia Ghana Guinea Guinea-Bissau Iran 101 2.054 92 3.555 9.Table 6B (cont.269 19.903 293.289 3.961 232 7 6.288 7.327 3 37 –12 –33 2.498 7 80 21 286 221 33 –13 49 –541 –312 –32 45 30 427 –104 42 –27 –89 887 –548 42 20 269 126 711 320 50 4.374 406 20 283 868 12.444 892.404 14.445 182 14.326 –7 –1 –427 –6 –649 –4 –3 –675 2 –406 –8 – –781 Iraq Israel Jordan Kenya Kuwait 974 8.237 99 –5.519 2 1 118 85 –1.764 276.246 14.238 1.503 88 3.250 121 19.006 186 42 69 22 1.254 1.202 225 43 754 1.499 19 27.801 69 338 800 14.705 1.395 32.486.364.362 11.079 –450 –190 –9 –26 –156 –465 4.193 549 139 1.424 48 155 350 1.311 2.258.422.566 4.306 101 182 382 1.316 3.383 4.109 Algeria Angola Benin Botswana Burkina Faso 3.011 13.995 235 4 5.257 60 303 449 30 318 –7 25 11 –87 –417 –19 69 48 –27 –288 –13 27 32 130 –87 –47 21 –13 –83 –214 48 27 21 124 923 –41 121 63 Burundi Cameroon Cape Verde Central African Republic Chad 13 1.420 7 577 – 7 –712 –20 1.323 13.230 295.883 26 353 856 13.383 24.216 203 94 691 1.200 116 1.771 20.621 302.273 37 –2 73 63 –359 –27 –2 95 –8 25 –24 – –7 42 –170 5 6 90 –111 –37 – 2 –162 183 370 –9 Egypt Equatorial Guinea Eritrea Ethiopia Gabon 9.333 26 26.263 1.879 923.527 7.283 –756 121 –316 87 –1.313 53.141 815 15.410 116 7 245 732 9.811 201 445 229 3.625 26 990 –26 860 – 212 –7 472 Vis-à-vis countries Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets Developing countries i) Africa & Middle East Liabilities Developing countries 801.175 3.857 71 125 316 1.252 4.923 867.420 1.046 133 19.302 281. December 2011 .208 68.297 1.531 16 –73 97 –32 455 –128 –100 –434 128 –46 418 –419 164 –74 5.906 937 11.323 Algeria Angola Benin Botswana Burkina Faso 1.985 –65 2.113 182 7 58 19 1.700 2.638 1.385 125.382 194 74 677 1.128 3.125 124 13 82 19 1.726 4.855 27 10 360 861 8.007 –5 86 –7 –1 –216 –2 118 –14 –4 952 4 –138 19 – 77 Iraq Israel Jordan Kenya Kuwait 562 17.856 115 937 222 47 3.819 1.834 5.154 1.040 431 15.903 859 15.463 –37 –2.194 297.497 22.567 241 6 351 525 1.836 5 2.485 2.873 4.667 35 12 312 882 8.097 545 1.271 4.002 24.192 i) Africa & Middle East 247.442 214 449 260 48 540 66 25 –32 –76 –1.706 –95 70 19 359 –588 –7 47 3 –215 –435 –23 14 1 –176 1.723 910 14.212 89 66 222 143 1.772 –27 2.141 227 15 293 618 1.143 –23 167 –37 –3 95 4 1.682 –682 69 1.431 4.529 218 –2 –183 100 –2.426 –131 –1.349 101 88 228 23 218 –2 –17 45 –1 144 –22 8 –80 3 191 2 8 68 3 73 –4 –5 –71 –1 –140 14 3 66 –4 130 21 9 24 Comoros Islands Congo Congo Democratic Republic Côte d’Ivoire Djibouti 53 636 1.300 121 931 235 46 4.297 –39 –4 –1.954 5.034 –12 549 Egypt Equatorial Guinea Eritrea Ethiopia Gabon Gambia Ghana Guinea Guinea-Bissau Iran A 38 BIS Quarterly Review.503 1.520 –1 3 34 64 –1.545 5.380 239 4 6.746 240 46 63 –29 –73 –5 –2 –10 6 39 62 –5 –22 – 223 28 –4 3 2 –183 9 1 –19 – –152 –7 33 9 3 729 50 3 –7 Comoros Islands Congo Congo Democratic Republic Côte d’Ivoire Djibouti 8 288 483 1.906 3.620 26.435 190 403 231 3.449 119 20.261 4.421 –4.206 78 78 203 144 1.498 23.317 114 –96 –1.469 1.672 –12.024 1.221 63.140 1.

101 509 649 127 8.744 –28 2 Saudi Arabia Senegal Seychelles Sierra Leone Somalia 40.188 294 20.089 183 13 6.171 35 –25 –30 – –3.746 Yemen Zambia Zimbabwe Residual 1.700 12 43.879 –512 70 97 15 132 413 75 172 8 378 141 22 –3 –183 –1.084 1.543 –6 –62 –63 –208 834 5 88 17 –285 –434 –8 –269 –60 155 747 4 160 33 27 225 –5 –204 –43 24 Tanzania Togo Tunisia Uganda United Arab Emirates 864 308 1.016 258 19.819 1.358 607 161 218 147 923 659 109 184 150 813 662 111 174 175 851 735 112 180 190 605 144 49 –7 7 –419 59 –54 –20 11 –427 376 –11 4 –5 –102 25 –8 –8 21 –118 –4 2 –20 19 32 71 1 3 18 Morocco Mozambique Namibia Niger Nigeria 5.370 4 548 158 639 1.090 6.877 1.708 1.617 3.383 743 920 147 5.652 1.900 –262 78 –46 155 1. December 2011 A 39 .872 1.018 15 646 296 2.282 1.059 583 60 4.782 –29 –10 – –19 –1.330 827 769 43 4.743 524 247 229 778 7.288 –547 12 –27 7 365 273 7 –232 1 841 Oman Palestinian Territory Qatar Rwanda Sao Tomé and Principe 4.724 40 41 7.022 93 2.324 793 348 11.713 863 137 263 311 7.700 330 31.134 976 5.093 5 5 21 –485 –108 1.669 154 15 –1.388 107 19 9 26 –834 156 –22 –233 99 1.993 420 694 111 7.908 15 41.530 567 219 205 456 7.099 1.251 4.829 673 720 8.583 51 3 –163 47 1.270 –3 –1 –369 –3 3.057 15.552 1.262 78 –13 63 678 340 –108 –105 282 25 118 10 –648 –77 –100 41 529 Libya Madagascar Malawi Mali Mauritania 5.258 16 149 –7 568 –1.381 –7 14 620 3 3.093 –110 491 135 –11 504 –75 3 3 –7 1.470 Yemen Zambia Zimbabwe Residual 1.288 380 66.005 967 1.734 206 31 –121 2.009 563 778 10.084 226 12 5.725 190 91 41.341 10 447 252 2.579 310 32.271 –278 497 23 – 4.667 2.Table 6B (cont.032 33 55 7.777 –11 –10 23 –14 Tanzania Togo Tunisia Uganda United Arab Emirates 600 99 2.011 246 30 56 –23 1.768 50 41 –79 –1.240 10 642 44 679 17.266 1.724 148 9 5.142 729 354 13.445 –80 –3 729 –8 2.881 11 467 262 1.949 29 58 –98 3 2.718 736 1.781 717 704 7.396 891 304 11.009 802 45 4.250 363 64.251 12 665 116 692 17.908 11 36.874 –12 369 131 1 3.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets Libya Madagascar Malawi Mali Mauritania 1.732 770 82 2.817 524 238 242 857 –141 176 6 –28 –78 1.430 137 335 –8 – –849 –98 597 58 – South Africa St.190 1 2 201 3 –3.432 –91 204 53 –2 557 –11 4.398 753 73 1.631 920 752 8.958 34 52 7.388 286 22.250 6.059 –17 –1 15 –33 1.012 988 295 1.228 30 4 776 7 –1.330 5.146 83 16 54.168 2 –23 3 25 –50 5 –6 –1 –14 –351 3 –146 17 –58 1.577 329 39.982 15.886 27 –7 –254 1 7.143 476 894 114 7.121 – 24 16 69 –607 –34 –5 –40 92 107 –66 25 14 313 54 –8 –10 9 76 Morocco Mozambique Namibia Niger Nigeria 3.130 –1 – –40 –3 –148 –4 2 Saudi Arabia Senegal Seychelles Sierra Leone Somalia 37.809 944 276 1.701 974 291 1.869 1.193 1.974 168 101 –543 70 271 – 8 –1.607 903 1.771 498 875 125 8.589 881 48 111 34 439 231 96 –118 –103 –1.620 14 538 306 2.489 274 9.615 297 41.421 15 536 134 646 19.867 6 32 –6 –38 1.988 364 63.362 770 285 11.274 –112 141 –32 –2.032 4.654 163 16 1.170 6.279 60 110 36.871 37 294 –56 4 –243 140 –132 23 –2 South Africa St.289 742 –89 –54 708 19 –54 4 649 –200 247 31 124 Liabilities BIS Quarterly Review.874 12 40.236 89 70 10 1 –569 117 41 –88 –6 –470 82 159 10 1 –169 302 42 –227 15 328 Oman Palestinian Territory Qatar Rwanda Sao Tomé and Principe 7.344 2 35 71 17 1.539 112 16 51.448 269 61. Helena Sudan Swaziland Syria 16.385 5.054 813 2.312 26 7 –72 14 7.138 20 4 –7 25 155 –47 –7 278 24 2.654 5.677 93 20 –1 –14 726 158 –67 –2.073 143 101 41.271 13.256 –13 6 15 1. Helena Sudan Swaziland Syria 12.876 –11 704 21 1 698 –105 182 –3 1 –3.009 105 16 50.656 –97 936 –37 –1 13.671 –37 4 93 62 969 92 –19 –35 –23 –13 31 3 54 –33 1.

885 272.148 714 2.558 5.601 6.182 86 44 238 2.928 29.527 87.739 1.868 261.212 369 9.721 – 257 28.889 4.537 –451 –55 301 121 –1.297 – 23 1.150 2.832 17.119 2.262 903 2 60 58 10 548 –35 –16 36 –52 60 15 –10 –38 573 329 – –6 61 1.667 55.441 36.012 5.664 Fiji French Polynesia Georgia India Indonesia 51 897 283 58.062 7 –22 –29 805 946 –3 –16 –23 –222 –205 –8 –14 –27 423 274 44 –2 –31 171 –316 –42 21 –1 1.136 462 858 273 105.738 147 84.541 21.817 3.587 –9 –65 –36 1.301 –574 229 –100 29.008 63 60 –12 –2.475 –4 10 559 –2 – 273 – 12 –118 16 –1 –60 –8 Afghanistan Armenia Azerbaijan Bangladesh Bhutan Liabilities ii) Asia & Pacific Afghanistan Armenia Azerbaijan Bangladesh Bhutan A 40 BIS Quarterly Review.048 Kazakhstan Kiribati Kyrgyz Republic Laos Malaysia 6.994 26.939 90 337 414 15.094 27 372 3 –13.280 131 168 496 835 5 146 221 763 984 3 157 253 1.237 –8 –42 64 132 1.805 14.241 22.218 6.304 418 –16 17 103 –1.690 38.440 124 63 34 9.030 72 40 169 2.169 –532 132 30 16.889 Fiji French Polynesia Georgia India Indonesia 103 329 324 16.166 51.073 24 118 –4 4.437 –65 134 –32 3.132 39 2 –12 10 –1.152 3.808 1.314 97 53 77 –143 –74 7 –32 –7 273 107 8 –15 –13 1.401 32 –19 837 –10 16 2.521 –3 –6 –110 2.861 636 2.460 51.530 129 70.743 –2.331 50 6 –24 7 255 147 9 4 68 341 130 10 British Overseas Territories Brunei Cambodia China Chinese Taipei 489 492 350 57.836 Maldives Marshall Islands Micronesia 269 25.227 6.932 5.852 1.082 48.525 5.097 71 86 89 7.428 4 –34 2.719 452.509 388.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets ii) Asia & Pacific 300.562 7.432 3.114 26 83 10.853 97 170 2.701 – 76 271 17.023 –28 –47 27 14.645 –33 – –58 12 1.681 413.298 –24 –384 107 1.267 1.630 156 86.733 5.054 269 83.107 77 63 63 8.618 –19 –32 –25 22. December 2011 .410 6.343 971 2 154 257 1.772 48 823 257 80.352 –3.341 36 94 168 5.276 6.842 –12 27 53 6.Table 6B (cont.409 24 96 10.564 1.048 1.146 152 –39 29 26 788 1.535 –925 – 35 –77 1.933 1 21 287 22.342 – 271 26.728 31.141 107 340 448 17.028 2.711 258.733 – 16 278 19.659 26.093 4 10 8 –195 323 –4 17 60 238 148 –3 33 71 –770 37 – – –3 231 –9 1 9 27 570 –26 –1 –4 2 –81 118 2 British Overseas Territories Brunei Cambodia China Chinese Taipei 1.034 7.011 336 –1 –2 –11 1.670 –266 –155 306 –82 5.022 –981 226 –26 154 22.012 33.718 2 25 935 2 233.245 1.928 1.079 Maldives Marshall Islands Micronesia 67 8.144 83 84 34 10.839 410 727 247 87.953 1.746 106 341 384 16.582 20.786 40 823 329 81.075 918 68 64 160 2.474 2 284 29.029 666 3.520 696 836 428 129.583 47 120 24 17.218 –25 4 1.408 40 95 10.901 4.983 –63 – 2 2 43 –150 – –7 4 341 143 1 5 8 3.326 411 Kazakhstan Kiribati Kyrgyz Republic Laos Malaysia 4.522 4 21 23 4.990 2.185 – 32 880 – –20 1.084 20.741 44 860 355 87.283 – 19 276 24.021 22.

335 15 2.094 1.289 30 209 10.826 28 324 12.764 1 –195 –4 –9 –2 –4 222 –2 136 2.534 2.824 50 3.360 24 57.568 14 3.101 –3 4.422 35 3.707 836 9.370 – 15.140 –255 –1 811 5 1.961 743 38 18 41 2.321 71 12.507 166 –37 –3 –87 213 3 –11 –1.372 27 57.596 – –633 –11 – 788 –3 –634 92 2 594 5 – 57 11 171 7 – 12 31 823 7 – 8 31 1.378 1 1.807 224 –1 195 2 2.088 5.070 8 2.557 93 31 2 1.044 430 552 –5 –128 159 2.106 813 8.467 306 139 3 896 Timor Leste Tonga Turkmenistan Tuvalu US Pacific Islands Uzbekistan Vietnam Wallis/Futuna Residual Liabilities Timor Leste Tonga Turkmenistan Tuvalu US Pacific Islands Uzbekistan Vietnam Wallis/Futuna Residual BIS Quarterly Review.446 29 3.060 1.080 – 3.164 –1 1.Table 6B (cont.245 1.284 –19 367 – –13 924 –5 –236 –1 3 547 – 230 – –7 75 3 118 –1 62 –169 Solomon Islands South Korea Sri Lanka Tajikistan Thailand 21 50.169 9 26 5 2.283 765 34 35.923 45 3.388 22 534 –2 1.270 32 9.357 6 285 –1 –3.846 509 35 8 42 1.230 2 2.171 18 2.473 1.808 235 37 19 26 1. December 2011 A 41 .015 5.022 1.098 30 8.309 2.079 24 341 741 272 602 12 409 730 145 637 11 420 700 56 458 10 390 720 –28 740 –3 11 5 245 –436 –12 72 5 1 –35 –4 –26 78 231 9 – 141 –33 –128 2 –2 – –59 –89 –188 –1 –33 10 North Korea Pakistan Palau Papua New Guinea Philippines 64 2.487 2 16.566 28 330 12.428 1.073 40 –31 –6 14 106 382 –5 –2 – 67 399 – 2 4 –86 –57 –1 –2 4 39 –281 1 11 –16 40 507 1 –1 15 77 North Korea Pakistan Palau Papua New Guinea Philippines 47 3.238 685 –2 4.149 72 1.905 168 10 –541 –13 –3.668 46 3.916 394 –2 722 –1 114 –75 –1 1.020 9 – 71 31 700 – –3 55 10 –478 2 – –45 20 655 1 – 49 –1 618 1 – –43 21 –11 – – –4 –1 187 2 – 62 – –325 654 6.567 61 9.774 247 –1 1.333 31 7.379 65 11.329 – 14.779 2 2.353 796 33 36.305 Mongolia Myanmar Nauru Nepal New Caledonia 28 1.236 2.824 17 423 –2 3.028 5.039 27 57.464 4 7.424 11 2 29 7 86 54 2 28 18 269 48 2 32 3 396 105 2 30 2 195 3 –1 –5 – –97 42 – – 11 190 14 – – – 51 26 – –3 14 88 –7 – 3 –15 126 57 – –2 –1 –201 1.971 5.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets Mongolia Myanmar Nauru Nepal New Caledonia 110 40 10 41 1.155 166 2 1.805 4 –951 151 –1 222 –15 839 468 8 877 2 2.112 646 28 –6 6.597 811 24 35.511 18 –203 –1 1.915 956 27 36.654 2 10.343 –103 –18 304 6 70 –487 4 –30 –1 94 250 –9 44 6 88 –502 –17 221 7 –72 –63 6 36 –14 –68 67 Solomon Islands South Korea Sri Lanka Tajikistan Thailand 78 8.172 12 5.412 860 22 6.244 805 8.673 1.111 14 7.952 45 3.959 27 388 12.

074 –91 –8 366 101 4.649 –86 – –6 Liabilities iii) Europe 94.830 6.521 –236 296 258 63 –32 –510 –387 433 –78 –193 183 3.593 2.527 45.423 22.089 Serbia Turkey Ukraine Res.318 308 –97 218 –376 –761 –202 173 –219 –156 –1.394 7 2.455 4.800 –315 –437 26 349 –321 –438 –103 1 368 –625 145 43 19 Moldova Montenegro Poland Romania Russia 92 767 60.195 8.170 94.005 –375 – 1.235 8.767 3.311 1.238 77.508 476 25.063 –3.408 22.444 Serbia Turkey Ukraine Res.618 584 1.835 –253 3 –222 7 1.453 177 64 6.137 10.215 5.192 23.796 164 –1 132 55 –245 –171 1 59 A 42 BIS Quarterly Review.657 4.812 4.180 –166 –6.612 –1.251 –592 –1.001 65.306 6.794 3.353 988 31.475 100.545 33.105 8.197 3. Serbia & Montenegro Residual Europe 924 27.433 7 –6 350 12 –1.Table 6B (cont.252 147 106 5. FYR 5.379 –8.259 348.038 9.562 69.680 –28 20 –331 –148 507 –10 7 1.726 7 1 –116 398 –145 –7 179 –10 411 –121 3 30 20 30 –37 –9 150 –4 690 1 7 41 –39 –217 45 –7 10 –6 23 –72 Czech Republic Hungary Latvia Lithuania Macedonia.354 110 956 62.382 24.261 96.642 6.458 66.955 948 21.829 359 4 –1.264 1.368 97 –57 –26 –52 –1.388 –178 –66 1.284 –51 1.320 –451 –9.695 1.978 –1.634 1 5.281 41 1.024 –225 –1. FYR 25.158 3.623 548 633 228 5.047 –19 –426 –1.779 33.340 366.024 21.382 93.081 –14.690 4.160 –46 –78 5 101 –271 –41 –90 2 Moldova Montenegro Poland Romania Russia 168 104 4.856 41 42 –381 –2.859 1.335 8.068 1.768 91 551 421 2.367 8.461 7 3.611 6 3.572 2.168 168 85 6.624 700 1.664 506 26.036 202 5.535 1.720 6.297 –50 –14 815 83 1.721 4.168 23.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets iii) Europe 396.965 –711 –9 –215 9 –206 –7.877 1 4.979 85.415 1.802 36.341 –467 163 24 128 –3.459 91.991 65 2.783 534 216 449 –165 –964 25 167 –10.765 37. December 2011 .198 –29.876 132 768 61.568 435 1. Serbia & Montenegro Residual Europe 6.437 91.722 –28.789 33.464 32.914 3.173 513 24.300 758 690 1.860 – –44 2.954 386 –1 –211 –86 –10.218 20.422 60 196 –27 –334 334 75 381 –28 –177 –174 20 68 3 –376 1.737 745 704 1.172 10.107 203 1.378 Albania Belarus Bosnia and Herzegovina Bulgaria Croatia 100 307 473 1.373 8.146 2 4.471 551 945 223 56 4.015 217 5.856 87 472 436 2.008 17 135 –11 211 312 –141 202 –63 108 –449 10 –398 –30 –363 409 3 –29 –20 –181 –445 Czech Republic Hungary Latvia Lithuania Macedonia.207 –10.837 8.409 2.061 1.050 686 3.118 1.664 1 5.645 97 534 419 2.026 128 768 56.688 3 –14 3.369 1.911 –8 26 1.599 9.077 377.198 –22 223 255 –411 –14.205 31.390 607 1.577 15 –26 152 –104 3.302 –2.443 11.327 2.820 Albania Belarus Bosnia and Herzegovina Bulgaria Croatia 959 935 1.475 23.173 10.603 27.694 5.141 –798 –636 –23 170 –14 723 2.

742 383 –69 – 2.613 500.977 –102 10 2.027 6.933 23.707 486 4.572 431 628 7.481 3.993 16.991 549.524 1.041 626 31 47 3.765 –35 369 9.326 982 –10 –20 –87 –65 –172 170 –64 58 –29 –8 35 7 38 31 200 42 5 7 27 –36 150 –2 17 89 13 69 6 –2 152 18 Mexico Nicaragua Paraguay Peru St.315 67 98 4.203 2.858 2.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Assets iv) Latin America/Caribbean 279.981 7.117 576 410 106 11 4.625 7.921 –3.805 485 8 141.358 11.013 243 285 9.587 458 1.361 2.205 698 –335 – 7.965 1.840 10.383 3.947 11.191 2.578 2.119 681 62 606 1.218 295 3.928 4.598 1.779 1.173 963 3.094 6.826 –1.109 24.294 691 65 597 1.849 458 62 154.827 623 1.845 557 60 2.619 3.393 14.155 285 44.633 609 79 2.183 238 109 –11 – 10.614 12.909 1.518 3.586 24.669 61.846 11.910 41.011 37.342 526 68 24.817 728 3.284 –39 –144 1.952 –8 3 –138 247 463 – 9 –104 –237 876 –65 2 193 20 –558 17 3 –105 45 1.252 –4 28 –75 22 602 35 2. Vincent Surinam Trinidad and Tobago Turks and Caicos Uruguay Venezuela Residual Int.843 7.900 1.646 30.135 5. Saint Eustatius and Sa Brazil Chile Colombia Costa Rica Cuba Dominica St.998 843 1.026 8.777 411 375 – 22.009 593 338 –960 1.186 1.701 – 30.664 12.715 541.330 176 90.496 742 1.588 3.342 148 405 1.048 345.351 1.211 8 1.147 212 68 –462 54 199 –104 –75 127 –7 –1.546 8.299 3.632 455 1.566 –72 1.308 269 –97 – – 5.503 –1.475 239 87.994 54.357 9.499 148 423 1.791 9.694 55.023 1.814 431 60 148.358 233 –960 46 –11 –114 61 1.099 4.418 678 1.094 –353 –114 18.647 1.774 7.735 –440 –193 –129 – –2.265 603 46 2.992 17.254 355.909 13.429 –2.905 463 2.450 –1.601 2.883 14.145 6.459 206 632 –103 – 3.030 445 43. organisations Unallocated BIS Quarterly Review.068 –125 –51 –236 923 147 –52 25 –387 241 –58 68 –2 26 651 77 –91 –2 166 128 37 4 –13 405 56 456 4 3 Dominican Republic Ecuador El Salvador Falkland Islands Grenada 3.730 2.105 –68 –1 10 15.770 –1.235 8.845 22.605 –625 –1.407 2.630 1.196 –1.241 5.852 291 301 8.377 3.063 672 28 41 3.188 5.798 334.923 –26.963 190 89.686 1.043 55.769 14.934 693 281 –329 1.563 44.690 23.805 780 35 24 3.326 93 77 –216 329 60 –3 –9 –556 –306 37 25 –28 –148 –89 –29 11 –10 –96 –48 56 5 –18 146 120 55 58 –3 132 –156 –47 –34 –19 Guatemala Guyana Haiti Honduras Jamaica 3.919 –8 9 188 62 –1.944 –296 13 26 2 5.729 –214 6.307 10.144 3.692 24.393 80.266 200 –5.193 2.687 19 –185 –827 –200 9. Lucia 42.211 1.680 –120 146 –2 –211 –289 189 –136 –31 –69 155 55 –40 –7 –35 –77 165 –3 –30 –4 168 173 10 3 –11 38 191 5 3 47 337 Mexico Nicaragua Paraguay Peru St.929 813 95 683 1.113 956 3.973 232.123 530.526 50.883 Argentina Belize Bolivia Bonaire.841 631 – 103.307 283 42.227 –855 8 49 1.337 3.345 –680 –36 –13 25 1.462 28 –193 39 9 –1.404 38.182 Argentina Belize Bolivia Bonaire. Lucia 78.051 – 23.368 St.051 10.064 8.372 127 96 4.278 3.252 5.181 211 341 1.039 25.346 –15 –22 39 –116 –113 56 9 141 –104 –192 37.195 599 43 24. organisations Unallocated Liabilities iv) Latin America/Caribbean 225.577 –180 81 124 281 39 1.897 869 102 –146 – 38.007 Chile Colombia Costa Rica Cuba Dominica 6.719 470 1.487 696 68 645 1.478 220 268 8.069 7 144 298 35 Dominican Republic Ecuador El Salvador Falkland Islands Grenada 4. December 2011 A 43 .828 –1.902 554 2.822 287 –121 –33.Table 6B (cont.082 942 3.674 168 27 149 –153 –999 –19 41 130 –107 –3.687 7.144 68.026 13.820 2.075 78.339 43.427 –324 –405 35 20 224 408 –225 29 8 1.231 611 57 2.820 36 –158 40 –52 2.717 3.797 6.817 12 35.704 11.035 5.464 2.204 –18.571 154 421 1.026 –38 –55 52 4.503 4. Vincent Surinam Trinidad and Tobago Turks and Caicos Uruguay Venezuela Residual Int.291 13.871 8.685 8.557 –46 2.765 5 17 722 –4 381 26 36 339 –17 1.556 44.847 349 702 10.548 3.127 1. Saint Eustatius and Sa Brazil 25.766 434 1.186 353 673 10.176 240.386 548 56 25.799 3.718 1.241 4.476 44.256 2.664 –9 5.094 10.041 –716 58 627 357 593 –50 11 39 14 –1.093 –764 –3.148 47.768 779 1.819 2.447 –10 –8 119 27 –421 134 –6 89 –6 –1.915 326 636 9.993 16.821 22 50.439 25.189 1.059 38.621 1.888 11.286 43 131 3.613 –16 21 4 –95 299 6.991 254.767 1.065 681 35 46 –163 –177 –338 –5 –10 225 254 –107 –5 14 13 88 –65 –1 7 –92 217 90 –1 3 230 –32 –48 1 6 101 17 55 4 –1 Guatemala Guyana Haiti Honduras Jamaica 2.

156 846..247 –262 5.157 27.265.738 503.192 291.066.363 –4.648 –4.666 261.478 –31.290.951 162.268 11.367 790 –11.071 556 –17.332 –39.783 .643 111.968 1.534 4.888 106.735 176.476 15 931 –448.621 3.019 –66.765 1.286 6.795 597.305 16.766 12.570 109.280.770 4.045 –43.595 4.555 –253 19.372 –178.645 134.263 120.549 –723 6.035 218.366 8.204.538 –27.011 51.579 –41 50 –46.255 262.109 –9.154 16.370 853.188.396 –54.022 –67.524 6.226.544 47.036 344 374 7.973 46.286 –6.277 –67 14.514 –8.199 268.457 –2.753 –6.645 –433 4.134 –761 12.362 –27.656 99.931 5.328 United Kingdom (of which in GBP) Vatican Other 3.177 26.716 2.975 –28.783 1.685 1.141 785.158 –175.339 44..298 77.041 110.144 18.426 –13.547 12.324 –9.527 429 12.062 –5.209 –240.945 –3.771.456 16.386 1.061 6.934 –3.901 –2.661.944 –11.113.778 –11.807 80.049 –38.659 22.815 –99.903 16.942 16.493 111.704 670.574 –13.137 6. ..914 4.662 –443 –25.519 –21.802 –55.414.052 104.206.450 65.525 693.237 658.656.914 49.973 358.768 437 –24 –71.753 –2.030 3.759 –19.331 –10.287 –67.080.288 –9.881 1.689 131 1.749 585.865.165 9.339 Slovenia Spain Andorra Denmark Iceland 4.490 124.259 –37.079..940 387 30.195 138..024 69.998 4.401 –4.859 54 866 4.722 309.800 689.629 2.071 22.579 5.334 633.428 795.410 –104.063 –60.911 –5.570 825.251 –209.973 –298 996 –5.902 210.847 6.218.932 –313 –115.494 33.992 340.389 1.828 1.422.404 –31.685 –491 –8.018 –44 –408 –13.283 1.848 32.034 16.624 4.809 –4.935 11.764 –172..358 643.911 1.947 420.333 1.240 103.955 1.520 –92.749 –648.876 3.766 –63.764.653 1.379 –22.921 449.076 257.836 9.451 –2.087 –2.012 13.142 840.673 409.007 –5.822 23.008 –953 –4.156 79.795 209.298 487.013. ..062 –6.919 –9. .187.513 6.475 505.219.461 –66.846 4.138 520.744 657.374 456 –23. .075 18.155 –14.958.890 371.743 –4.814 139.543 –3.191 3.838 15.180 5.441 149.915 22.985.748 29.316 –1.647 269 7 –64.978 15.052.066 101.848.378 2.689 United Kingdom (of which in GBP) Vatican Other 3.278.813 86.738 –540 –42.578 1.017 –104.544 744.487 5.503 –192.714 100.490 3..001.229 16.614 7..928 5.121 12.170 13.612 Slovenia Spain Andorra Denmark Iceland 26.055 254..249 1 –58 23.886 –21.872 –531 –11.782 2.557 10.851 123.202 490.702 11.260 –9.517 23.508 –38.221 2.052 –122.313 –1.291 631 –7..980 –13.098 598 –58.680 –6.197 5.432 –9.627 –16.595 2.304.730 644..215 –2.614 106.714 332.119 104.081 209 –2.693.793 3.097 393 2.730 65.387 58.541 2.990 1.599.163.190 –5.614 236 144 126.739 –216.393 4.065 3.808.519 546.504.541 1.511 176.010 1.573 –1.131 1.483 –32.914 232.026 540.017 1.102 2.236 1.593 8.135 2.363 63.141 –4.603 –27.682 5.755 –22.279 11.717.311.741 –22.916 4..397 –28.733 445.658 42.142 9.269 404..218 –12.078 566.830 25.839 –156.198.326.832 513.899 – 1.359 16.178 494.732 82.385 –581 –29.161.028 236.761 397 Liechtenstein Norway Sweden Switzerland (of which in CHF) 30..326 316.209 461.977 240.728 187.398 240 Liechtenstein Norway Sweden Switzerland (of which in CHF) 7.258 7.119 182.769 734 18.771 254.435 55.357 110.339 98.623 37 18.224 781.291 22.726 –603 696 –7.832 85.108 130.286 92.279 184.088 784.359 116.697 –223 4.923 –102.168 –402 311 –6.291 24.625.692 9.925 6.710 207.507 6.940 126.522 –129..460 –2.192 22.536 949 –646 323 –219 –7.470.406 –1.707 321.782 –54.355 219.503 560.255 –1.749 15.464 152.420.948 –18.073 –933 –45.542 –778 –444 378.103 1. .184.724 –17.175 740 –5.062.824 –24 165 86.881 9.108 146 –11.321 20.738 1.979 3.556 6..275 25.497 –550 40.555 13.049 Loans All countries Developed Countries i) Europe Euro area 6.524 140 –160.750 16.624 1.019 –1.259 –22.428 28.815 (of which in EUR) Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Luxembourg Malta Netherlands Portugal Slovakia Deposits All Countries Developed Countries i) Europe Euro area 6.136 –122.637 –3.854 –2 –220 –21.231 –86..373.423 .284 164.962 –17.882 –131 2.053 89.003 ..462 29.973 51.965 –87 8.735 –33.311 1.876 14.984 84.144 145.111 961.953 23.289 355. .809 –4.163 1..692 –1.487 –52.622 –1.339.706 –86.303 –43.138 –59.568 –217.557 539.148 24.743 5.896 420.079 177.106 6.033 5.167 –17.431 –5.008 520.230 188.770 702.534 3.182 –1. 4.175 1.526 –532 12.722 –1.544 4.340 942.161 –2.757 522.631 67.113 –1.159 233.887 617 2.166 79.629 85..802.531 –3 –173 267.749 51 –611 73.333 1.555 92.393 23.698 98.260 59.226 4.839 774 106.590 4.152.536 122.901 2.127.269 161 –83 (of which in EUR) Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Luxembourg Malta Netherlands Portugal Slovakia A 44 BIS Quarterly Review.762 –5. .766 11.374 84.719 17.302 188.344 –11.809 2.340 322 10.127.823 2.493 –151.100.396 –36. –347.939 –915 1.621 –1.780 20.907 23.586 –140.589 –53.208 104.978 –1. .305 567.305 –22.256 –1..266 –8.893 2..983 299.336 6.144.566 –17.417 178.692 374.288 3.318 –38.363 693.278 206.276 135.004 12.Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors Vis-à-vis individual countries in millions of US dollars Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Jun 2011 2009 Q2 2011 21.149 16.258 566.399 –1.939 –84.131 100.476.962 22.005 .723.774 –6.158 23.890 43.211 416.229 –6.391 –314.063 134.270 1.776 98 –9.884 699.835 16.580 –107 –27.682 14 972 4.312.011 –9.883.965 158.607 –1.933.538 2.868 –20.929 –1.980.437.847 12.749 2. 102.280 –272.694 11.466 568.467 –38.495 –231.712 506 –9.586 21.275 –6.543 –22.124 –17.803 13.461 –42.373 –105 –1..803 –22.122 467.053 –15.768 –128.174 313.527 97.338 8.599 1.162 11.507 50 –180 –17.512 54.514 126.636 267.185 8.111 17.840.587 9.195 8.620 811.173 85.885.325 –548 –6.445 –82.298 140.763 4.381 –1.130 1.594 1.572 561.375 –1.687 –3. December 2011 .548 10.330.350 –680.919 –19.871 24.625 104.078 –236.413 730.600.509 191.624 6.874 3.760 224.724 98.909.080 256.295.349 109. 32.309 –2.897 4.061 452.023 24.696 376 7.429 4.081 495 –15.821 29.901 108.745 1.239 794 –25.364 59.112 120.

545 17.305 –114 602 1.920 112 .350 3.379 –85.902 2.125 414.436 163.166 –2.391 471.518 9.627 291.109 –104.256 31.697 111.370 –2.414 189.831 –12 17.066 3.853 125 127.814 232.419 – 985 144 6.195 30.772 231.238.639 46.496 63.122 468.753 31..998 1.423 –12.347 126.004 1 7.345 4.750 –1.061. 90.318 –561 –8.571 366.201 159.179 30.017 5.630 194.197 318 –62.472 1.580 560.389 4..698 110 115.256 2.324 109.552 –27 3.369 33.067 479.296 50.891 3.269 9.964 –1.876 679.314 –175.805 115 –16.427 8.367 –14 121 97.053 8.901.913 8.298 –37 –5.413 14.068 410.152 –638 –1.986 560 260.203 10.363.580 –4.594 1.008 16.985 –4.309 65.064 –8.480 17.385 125.170 449 235.651 1.022 114.741 5.380 97 .055 20.842.691 –20.771 1.940 620 –512 –26.279 3.654 17.271 125.646 33.001 –54 15.040 624 –965 3.805 11.467 –47.144 –3.401 7.221 144.559 144.676 –12.060 3.792 47.918 –116.522 476.849 438.392 Isle of Man Jersey Lebanon Macao SAR Mauritius 88.558 77 3.264 122.155 659 355.153 26.243 7.465 528.480 –22 437 –7.742 34.844 14.645 280.226 5.065 170.357 352.763 419 226.937 2.783 – 9.330 458.156.958 169.428 3.225.220 205.765 39.318 –93.907 13.677 31.911 434..532 9.171 1.216 –4.469 159.830 228.040 –2 1.088 106.728 –325 17.721 354.084 441.592 17.653 10.321 276 –14.067 16.645 Vanuatu West Indies UK 483 229.451 1.248 5.273 –7.773 30.480 –6 100 46 1.208 71.168 283 1.689 –472 2.705 Australia Canada Japan (of which in JPY) New Zealand 128.651 –4.485 – –1.867.069 4.680 3.145 – 242 8.351 255 –429 –1.356 3.138 168.786 297.769 1.175 19.120 –37 8.945.483 –2.017 –130.311.037 21.847 71.209 14.147 48 10.876 12 1.591..687 1.197 –141 6.222 –3.819 44.521 82.073 169.759 .055 9 –36.679 32.839 160.379 9.368 1.079 7.643 79.703 –112.882 20.899 –1.768.015 101.688 407.591 112 124.202 15.416.814 46.738 –23.139 110.158 15.046 19.293.023 96.093 367.175 –201.085 – 80 1.867 –200.100 14.409 708.306 –41.182 12.447 –693 648 –35.283 627 376.427 274..801 21.249 46. December 2011 A 45 .091 167.204 32.329 –7.376 18..401 –30.666 90 –54.304 63.354 2..913 386 –994 –19.043 3.349 3.919 905 –54.746 –375 –2.704 –118.932 Isle of Man Jersey Lebanon Macao SAR Mauritius 35.649 9.288 1.988 –106.681 381.063 –5.264 154 –115.629 –97 1.942 351.886 –44.362 –102.530 1.477. 44 293 –8.147 1.673 11.643 151.524 –5.034 –40 16.316 –1.719 783 1.338 118.313 3.301 8.360 19.329 4.852 1.801 236.750 1.037 5.054 596.329. 97.993 –28.931 292.503 30.067 172.238 3.431 United States (of which in USD) Offshore centres 3.925 –66.766.640 17.316 1.176 240.038 –87 3.073 3.838 91.060 –23.149 318.385 766 936 –244 –6.682 32.696 126.391 7.392 –21.301 74.398.831 3.082 –467.795 69.185 –22 2.791 17.842 383.328 3.011 251.505 –1.442 8 .035 –1.233 2.564 535 14.841.185 1.762 243 14.095 2.313 166.996 428.462 – –15.062 55.052 – 43 825 543 17.124 –48.421 3.960 23.747.298 11.169 8 .801.181 4.127 11.566 14.426 107. 102.629 2.274 759 9.641 14..654 47.760 – 1.045 49.426 3.550 –1.747 – –6.629 4.488 269.557 44.806 24.860 51.824 214 32.352 –92.511 8.274 Australia Canada Japan (of which in JPY) New Zealand 191.586 76.695 454 3.354 98 374 3.379.726 14.392.549.121 24.579.819 2.522 62.950 434.567 576.866 103.664 2.559 –95.143 3.938 4.596 1.703 –195 –10.845 –36.549 84.111 –110.248 1.821 –45 –7.553 70.413 17.693 16.650 3.589 10.484 18.010 33 –5.312 116.117 16.156 –4.276 428.685 – –299 2.216 1.610 1.650 946 –3.120 41.140 58.662 330.020 435 27 –22.941 22.087 –87 741 290 –3.168 – –6.387 –220.110 2.198 18 –1.945 –1.978.249 Aruba Bahamas Bahrain Barbados Bermuda Cayman Islands Curacao Gibraltar Guernsey Hong Kong SAR BIS Quarterly Review.662 –997 21 –547 Netherlands Antilles Panama Samoa Singapore Sint Maarten 20.685 28 –1.218 1.633 7.990.455 252 –1.634 19.316 1.144 727.264 –3.504 7.305 17.392.295 32.489 Aruba Bahamas Bahrain Barbados Bermuda Cayman Islands Curacao Gibraltar Guernsey Hong Kong SAR Vanuatu West Indies UK Deposits ii) Other 4.885 77.170 15.Table 7A (cont.587 19.481 174.792 – 12.586 167.554 –45.339 570 –77 –10.440 – –5.549 20.262 2.628 136.209.631 –1.738 – 7 86.060 7.388 1.028 1.107 5.297 164.040 3.755 –221 2.502 77.692 –301.632 –1.911 393..271 420.991 20.314 4.483.835.282 4.694 14.468 2.839 United States (of which in USD) Offshore centres 3.659 3.806 – – 96.047 –17.826 28.032 –61 –3.543 55.833 2.188 7.426 –19.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Loans ii) Other 4.099 79.340 –1.444 –6.532 28.613 654 359.609 471 231.202 250..280.346 80 98.244 166.742 3.940 1.489 –843 3.438 216.016 354.276 –58.585 68.221.914 524.208 4.032 10.258. 2.670 11.720 89 6.558 4.947 4. 89.166 –165.408 –246 –450 –2.362 4.217.197 –1.659 48.898 3.996 73 .117 –342 18.215 4.308 9.555 43..912 74.940 37.578 16.022 202..028 4.634 4.483 610 Netherlands Antilles Panama Samoa Singapore Sint Maarten 126.957 –1.800 3.377.751 371.135 5.439 1.315.836 427 1.872 –4.125 352.011 22.109 50.687 – 22 1.497 109.136 –247.482 172.991 17.354.761.109.478 71.860 –10.234 84.

976 21.632 –1 3.404 63.360 30.768 –18 1.406 688 –4 –103 123 –556 131 –6 345 363 357 –311 3 92 –18 –220 –194 –5 150 245 35 –38 46 –222 167 13 –62 –13 9 265 –86 281 Egypt Equatorial Guinea Eritrea Ethiopia Gabon 26.223 62 17.413 –106 –3.280 12.504 293 4 13.827 3.775 1.661 349 –5.014 –9 23 1 78 7 –29 203 59 7 –19 –40 67 29 171 –127 11 90 5 –126 –284 41 –6 10 76 534 –28 45 100 Burundi Cameroon Cape Verde Central African Republic Chad 21 1.588 Lesotho Liberia 22 22.655 259 –10 –5 –52 –1.704 –4 694 –65 484 2.989 2.343 29 1.088 1.515 22.090 9 –1.234 104.237 15.133 80.424 14 46 –12 –6 1.972 321.038.427 725.787 1.895 15 2.197 840 6 –2.897 2.236.922 15.484 Iraq Israel Jordan Kenya Kuwait 1.023 8.957 15.870 1.294 15.460 63 1 460 907 –362 39 –6 209 –59 4.954 –12 2.415 4.093.677 100 4.820 –174 23.077 823 19.545 461.328 105 145 353 2.278 276 1.158 1.695 –18 –2 115 57 –2.535.984 1.873 1.399 108 –2 –187 119 –2.870 1.142 –33 –48 36 120 237 –3 366 26 –706 2.266 73.559 –141 168 204 3.706 41.290 420 6.125 13 –166 –118 7 –3.999 12.057 16.266 97 3.118 114 302 417 2.614 94 –98 11 279 4.176 705 –18 217 25 –547 407 –94 –669 –140 2.Table 7A (cont.060 Lesotho Liberia 511 18.923.364 1.160 639 13 82 16 1.810 –1.557 439.579 17.987 –7 345 32 –133 183 38 –11 31 –42 –340 –39 245 114 6.446 –542 42 298 243 Gambia Ghana Guinea Guinea-Bissau Iran 179 1.821 41 1 361 814 14.581 466 5.594 18.353 462 98 927 1.375 –103 45 –202 –191 1.818 8 1.220.468 –22 79 46 –3 –918 2 1.938 49.176 285 2.346 83 238 242 1.033 –124 29 137 68 3.381 2.079 69 25.897 –1.181 4.467 195 2.958 8.164 14.852 14.887 –400 3.613 120 2 248 712 16.039 1.001 746.107 2.156 –21 438 98 1.283 325 5 16.469 1.461 145 10 323 628 1.718 96 223 230 1.810 –774 245 –725 –7 463 268 10 –2.793 –132.058 4.462 405 86 946 2.757 13.105 370 116 –264 53 –768 –35 121 –3.698 87 348 521 67 1.200 214 2.157 –12.243 67 306 394 1.165 102 3.030 8.269 20 25.435 39 25.025 411 7.111 1.195 –3.921 12 696 8 4 –1.636 25.642 28.208 61 –3 –1.833 2.574 347 6.342 9.549 19.294 –15 1 47 146 –322 –53 –1 52 12 –89 –40 2 – 44 –264 –26 7 106 –77 6 – 2 –144 226 259 2 Egypt Equatorial Guinea Eritrea Ethiopia Gabon 12.299 81.573 –8 –202 –27 Burundi Cameroon Cape Verde Central African Republic Chad 236 1.441 31.511 778.670 3.789 2.387 5.053 8.743 12.336 –10 –29 94 15 –13.723 1.668 457.725 225 3. December 2011 .249 1.606 89 155 265 1.444 Algeria Angola Benin Botswana Burkina Faso 2.266 381 55 19.648 62.636 63.141 31.061 105 18 440 566 1.922 18.211 –77 –1 114 129 1.765 –27 261 1 – –4.001 8.359 420 1.099 796 48 1.073 39 966 1.143 4.695 2.182 659 7 58 29 1.471 128 1.393.997 757 20.003 85 786 994 33.386 16 –1 –395 –5 –409 –20 –1 –864 4 –456 –28 – –2.196 382 59 17.253 –3.027 –22 805 29 165 –49 549 2.309 135.806 281 2.183 2.256 30 1 –5 95 1.654 2.608 21.050 –324 1.432 –14 –1.360 1.579 –3 1 –50 –1 –24 22 –1 142 30 Gambia Ghana Guinea Guinea-Bissau Iran 107 3.427 4.766 122.165 24.664 294 482 13.124 –12 633 –200 8 –11.835 9.842 4.539 –879 –6.022 38.588 Iraq Israel Jordan Kenya Kuwait 4.403 887 –12 –12.187.581 –89.763 286 1.122 106 20 299 798 1.230 8.102 281 9 18.) Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 1.907 41.590 5.394 40 2 316 862 14.865 –52.399 597 53 29.072 21.884 8.290 –71 276 720 –12 1.323 –66 474 Vis-à-vis countries Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Loans Developing countries i) Africa & Middle East Deposits Developing countries i) Africa & Middle East Algeria Angola Benin Botswana Burkina Faso A 46 BIS Quarterly Review.182 782 47 68 –36 –234 –66 –425 –10 –5 72 42 –5 –21 –4 244 20 –6 17 –4 –168 –55 1 –33 13 –177 –19 34 11 –9 118 115 3 –4 Comoros Islands Congo Congo Democratic Republic Côte d’Ivoire Djibouti 10 287 503 1.092 399 –333 –6.287 821 21.125 47 643 1.940 317 4 16.630 2.053 660 43 71 20 1.266 1.580 1.465 –437 –11.094 795.730 5.739 4.662 455.508 2.895 21.773 106 267 27 342 94 –13 29 8 –38 315 9 –72 –13 261 68 –6 39 17 –140 89 2 –72 17 75 46 3 63 –40 –105 29 9 40 Comoros Islands Congo Congo Democratic Republic Côte d’Ivoire Djibouti 56 811 1.

028 141 101 2.028 18.650 876 1.472 –14 1.956 7.249 7.293 1.667 Tanzania Togo Tunisia Uganda United Arab Emirates 1.305 79 –2 62 –1.124 Yemen Zambia Zimbabwe Residual 6.011 431 139 –17.902 –105 –1.504 –34 726 2 2 12.450 34 53 9.889 61 55 9.102 1.614 1.632 672 9.626 616 83 7.377 159 812 27.074 324 –42 –109 1.097 763 151 349 368 511 140 18 –19 –53 –62 61 11 23 57 –1.340 10 1.599 1.261 1.761 –6 212 –235 –89 3.826 1.814 1.149 –263 232 7 – 801 –27 221 3 – 7.040 3 –186 43 135 –389 –11 9 20 –209 Tanzania Togo Tunisia Uganda United Arab Emirates 564 330 3.100 691 169 339 339 1.021 1. Helena Sudan Swaziland Syria 27.353 –1.251 41 37 –90 –7.991 532 95.685 23 58.283 101 –21 411 77 923 –79 –7 1.159 189 –7.040 420 707 1.011 382 44 –17 34 445 22 5 –10 9 –728 –3 –58 84 47 –12 70 –19 6 35 Morocco Mozambique Namibia Niger Nigeria 7.542 –1.203 –8 – –362 –2 6.067 362 27.949 2 54 –27 12 1.754 15 1.326 6.901 4 166 7 –1.062 121 23.268 –147 109 –19 87 2.967 –69 924 –20 –3 –227 –218 620 20 – –2.573 828 2.457 230 48 178.944 428 5.373 1.423 32 – –145 –20 11.190 694 305 3.927 –348 23 –138 245 –752 463 138 8.485 1.497 –31 1.013 294 25.554 22 58.869 4.725 –396 170 –213 –2 –1.360 516 95.749 390 5.547 1.040 2.741 1.721 –64 8 –1.128 26.708 14 1.242 –106 188 123 –11 7.004 419 488 979 61.059 –8 –89 60 216 –1.667 5 115 –62 704 1.188 574 78 8.393 1.243 7.369 50.223 204 963 27.044 459 447 606 62.207 426 –82 17 87 1.955 1.242 286 48 –13.481 198 489 481 59.580 45.585 155 47 167.023 2 154 99 –114 1.530 1.961 1.857 782 1.052 1.066 885 975 148 8.296 628 38 7.007 90 –33 212 –26 3.420 1.281 8.746 1.172 309 31.655 5.343 56 153 6 5.380 58.986 73.033 4.491 934 1.442 5 –139 –628 –5.703 1.052 18.380 1.259 7.325 1.820 154 –24 –325 123 –1.176 8.883 119 101 83.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Loans Libya Madagascar Malawi Mali Mauritania 1.826 4 83 –113 –380 1.838 12 1.835 387 6.448 –111 –107 50 –3.557 1.300 –85 –24 1.618 6 264 –2 66 2.162 1.021 785 76 7.190 1.350 1.473 645 150 –156 –72 –1.924 699 18.964 149 270 13.200 390 223 –16 579 –1.259 225 763 –2.365 6.620 1.597 634 212 238 237 1.091 224 46 170.341 2.034 263 62 11 25 –715 107 78 –83 –6 –305 494 161 37 –21 56 272 –30 –279 20 962 Oman Palestinian Territory Qatar Rwanda Sao Tomé and Principe 9.644 150 119 10 –2.527 38 47.048 –107 27 –47 68 –2.013 145 20.031 25.505 185 91 82.217 146 21.845 –273 86 124 1 –1.025 25.044 –7.711 1.594 1.214 544 96.290 10 1.010 8.333 4.835 400 6.006 1.040 – 2 231 8 202 26 –1 –147 –1 –699 32 2 Saudi Arabia Senegal Seychelles Sierra Leone Somalia 78.329 82 –20 952 5 6.568 1.277 1.996 77 –25 513 –50 1.229 1.202 62 7 Saudi Arabia Senegal Seychelles Sierra Leone Somalia 168.079 3 70 –157 50 –2.040 438 6 104 –42 –5.Table 7A (cont.133 174 19 1 –7 3.099 –393 225 –26 139 –4.527 1.752 47 262 6 8 9.007 24 –1 210 63 Morocco Mozambique Namibia Niger Nigeria 10.761 91.814 –5 –43 1.338 1.466 195 36 –110 10.319 3.934 2.546 1.379 1.966 2.668 258 –39 219 1.398 44 41 9.007 –91 –9 –762 –37 3.087 41 13 –394 –8 –16 –27 –4 –3 –278 17.182 –10 15 599 1 2.034 1.064 51 5.785 812 17.742 1.359 560 32 9.358 67 110 81.813 11 1.648 –4. Helena Sudan Swaziland Syria 41.728 95.327 1.433 15 1.444 51 341 –74 4 219 –66 114 20 –2 South Africa St.560 –137 733 56 –1 South Africa St.243 58 943 28.208 1.253 4 1.743 Libya Madagascar Malawi Mali Mauritania 65.138 46.213 Deposits BIS Quarterly Review.193 1.826 1.205 –76 –50 23 358 –1.803 687 225 243 285 1.241 50. December 2011 A 47 .894 5 –110 13 –5 –2.461 –10 26 223 –26 –768 32 –27 –189 25 561 Yemen Zambia Zimbabwe Residual 1.381 –5 –306 –28 –8.715 –5 240 –96 –2.028 134 23.233 67.196 657 327 3.273 93 58 –859 27 1.232 553 39 –1.429 15 58.209 845 57 7.788 81.168 –57 87 –201 –954 354 436 29 –24 546 –1.950 655 284 2.499 414 95.686 35 2 –193 57 825 26 –23 27 –23 –3.959 44.866 Oman Palestinian Territory Qatar Rwanda Sao Tomé and Principe 6.209 977 375 33.

352 –1.600 7 168 146 3.383 5.035 1.891 107.660 107.362 407 2.017 53.603 651 3.004 11.179 72 496 382 19.034 5.834 104 723 449 28.995 –30 140 271 –4.634 32.375 121 294 2.421 –8 28 26 7.442 –122 –330 20 10.131 501 190.627 9.832 –3 63 –139 –800 2.864 24 243 31 8.991 – 19 375 29.904 4 –81 2.655 44 –25 –40 4.846 1.158 259 171 –149 –2.491 15 122 205 5.874 –7 –114 25 –1.276 15.637 89 78 322 4.254 454 324.565 –1.911 –17 29 171 40.430 461 1.885 1.869 40 217 10.646 16.217 – 578 29.359 –7.316 –3.394 – –56 42 2.648 –259 –4.319 1.187 31.215 –360 –1 –4 –26 2.353 78 642 525 23.542 394 2.024 –55 1.623 6.147 2.922 –1.161 4.643 –754 – 5 12 1.649 –36 154 –35 40.454 – 30 1.069 4.095 390 251.127 2.650 7.192 269 2.402 –7.253 – 23 –71 266 –1.356 –7 111 184 428 –3.111 15.844 Fiji French Polynesia Georgia India Indonesia 315 2.409 – 76 336 26.553 10.433 333 2.664 50.545 227 –60 149 59.350 685.631 69 95 240 3.278 72 135 250 3.566 57.531 39.375 267 1.337 581 222.762 2 35 864 2 630.261 –4.456 227.151 4.927 54 121 –82 38.571 740 248.815 462 2.652 –159 –62 –45 15.386 45 90 258 –1. December 2011 .456 27.038 10.654 77.265 142 2 –17 –18 –1.825 298 1.355 377 158.977 112 46 32 –371 –291 7 –25 –51 635 647 7 –2 –5 1.083 148 2.014 2 616 29.719 Kazakhstan Kiribati Kyrgyz Republic Laos Malaysia 12.801 1.172 100.750 28 –309 35 –43.165 –41 390 –1 977 169 39 205 26 –892 –957 6 365 –14 706 110 –1 49 51 568 421 13 262 65 –300 125 12 1.429 97.962 819.641 26 –34 –107 7.419 696 1.155 50.203 604 386.878 392 2.493 767 35 143 62 70.888 4.102 101.262 – 5 1.901 Maldives Marshall Islands Micronesia 642 25.295 –25 –18 1.538 460 1.728 33 25 890 –10 47 2.206 154 24.098 2.738 –11.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Loans ii) Asia & Pacific 587.083 4.306 69.616 38 15 354 10.868 125 634 490 27.386 33.948 24 210 10.426 –2.719 719 4.346 1.923 421 1.235 Fiji French Polynesia Georgia India Indonesia 213 1.962 5.199 343 150.211 48 – –10 14 286 –589 1 6 –9 7.529 10.500 –518 –109 123 44.940 622 234.195 –39.553 39.583 Kazakhstan Kiribati Kyrgyz Republic Laos Malaysia 12.037.685 84.909 –22 84 –45 871 Maldives Marshall Islands Micronesia 149 8.809 9.250 411 5 39 8 296 336 12 –57 72 324 328 22 British Overseas Territories Brunei Cambodia China Chinese Taipei 382 791 599 123.100 346 1.741 354 2.746 –4 12 532 –2 22 259 – 11 –201 16 6 –198 –7 Afghanistan Armenia Azerbaijan Bangladesh Bhutan Deposits ii) Asia & Pacific Afghanistan Armenia Azerbaijan Bangladesh Bhutan British Overseas Territories Brunei Cambodia China Chinese Taipei A 48 BIS Quarterly Review.088 111.903 –462 298 –209 127.471 719.955 171 119 –49 10.363 13.520 1 25 367 37.723 41.443 –33 –30 56 26.386 2.667 – 623 27.829 58.497 2.042 1.509 420 506 56 –96 1.340 –2.771 19.705 26.950 –2.569 1.280 1.505 53 322 –47 –15.562 933.874 276 2.380 26 197 10.508 671 5.200 – 21 342 40.772 2.066 400 169.528 688.672 5.273 614 157 –321 –384 –7.065 48.712 55.804 13.373 –3.032 –47 228 209 268 3.171 380 108.Table 7A (cont.024 – –51 1.758 –1.

184 13 195 8 –4 2.987 2.918 3.136 3.399 20 86 125 53 13.366 31 250 13.496 1.624 –13 –18.459 27 98.017 1.674 –2 –198 –2 36 –346 32 17 –3 240 6.824 –14 26 1.294 89 4.421 13.637 30 140.424 –5 181 265 3.987 17.284 14 9.283 5 778 –1 –3.841 29 –168 –2 38 2.366 91 4.236 642 –6 12.672 468 –51 947 44 7.434 28 129.782 –39 –13 3.133 8 2.000 18 3.636 3 –9.814 117 14.816 16 401 288 62 15.323 7 44 –1.180 491 837 –3 –3.446 4.534 1 –99 102 22 –466 –4 198 39 –3 532 –2 51 62 4 228 –1 93 –9 –1 897 –2 126 170 8 353 –3 –206 Uzbekistan Vietnam Wallis/Futuna Residual 10.200 2.912 573 12 –5.295 7 1.197 280 923 11 1.835 151 21.343 221 42.636 –19 348 – –7 2.013 17.409 1.030 24 148. December 2011 A 49 .405 827 228 8 71 3.438 28 457 20.309 15.Table 7A (cont.577 1.406 –3 5.245 7 31.680 –89 1.819 992 19 5 3.701 North Korea Pakistan Palau Papua New Guinea Philippines Solomon Islands South Korea Sri Lanka Tajikistan Thailand Timor Leste Tonga Turkmenistan Tuvalu US Pacific Islands Uzbekistan Vietnam Wallis/Futuna Residual Deposits Mongolia Myanmar Nauru Nepal New Caledonia BIS Quarterly Review.116 832 2 3.184 302 246 9 62 3.530 15 2.769 –1 1.969 527 –2 2.285 736 –622 –11 468 599 234 3 2.761 1.458 13 37.584 –1 –13.954 61 12.905 4 –7.323 117 823 10 1.576 2 9.566 –4 364 – –60 710 180 125 – 168 –562 25 138.377 18 –1 5.344 –13 831 –3 489 104 427 –356 –12 –534 –98 73 38 –4 43 41 341 16 – –148 –55 –233 –92 –2 –38 69 –164 –112 –1 –98 2 North Korea Pakistan Palau Papua New Guinea Philippines 106 12.770 33 93.493 30 4.645 195 169 –1.931 2.644 27 –295 –6 15 –21 185 –26 –8 10 –86 59 –11 100 12 –241 82 3 –106 8 83 –35 –5 1 –22 23 523 –22 –1 9 179 64 4.696 308 52.321 12.040 34 90.734 4 13.489 70 –1 2.378 24 2.661 270 50.121 565 –120 2.217 –6 7.887 14.280 13.484 18 3.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Loans Mongolia Myanmar Nauru Nepal New Caledonia 148 278 10 73 3.980 28 576 20.585 56 7 3.371 6 34.972 2 3.561 3.108 288 –3.377 1 2.834 28 404 21.055 –2 3.870 112 18.335 2.223 56 1.497 174 1.056 84 1.333 783 49 1.931 –1.135 –2 2.874 18 274 117 53 14.196 4.528 2.108 Timor Leste Tonga Turkmenistan Tuvalu US Pacific Islands 22 29 14.194 24 94.316 1.518 333 239 8 84 3.297 14.254 271 19.228 910 –10 10.620 111 1.868 16.903 22 –11.429 2.667 –431 108 –191 34 1.691 Solomon Islands South Korea Sri Lanka Tajikistan Thailand 185 38.646 161 19.939 15.846 4.034 10.339 510 974 12 1.224 14 6.062 1.504 1.403 110 11.674 6 –139 –427 11 –526 –2 57 –409 30 –681 6 7 150 –49 1.453 12 8.341 17 20.020 9 22 166 31 702 –5 3 –7 10 –480 5 7 –103 20 663 1 –4 20 –1 539 4 –1 –44 21 –9 –3 –3 –26 – 178 2 3 48 –1 –324 1.101 271 4.489 4.105 4 –1.554 –39 2.376 5 13 250 11 172 10 21 134 31 825 7 19 115 32 1.

462 81.973 923 –17.552 –451 –78 –527 –369 –1.733 –40.075 16.823 11.331 65 6.091 74 256 444 –939 –218 –39 –956 –623 –598 308 220 Moldova Montenegro Poland Romania Russia 469 1.854 8.196 216 1.681 –2.949 121.014 9.899 13.483 57 200 –112 136 –1. Serbia & Montenegro Residual Europe 10.826 –204 44 5.803 4.997 118.421 –452 2.208 –9.564 9.868 14.181 123 837 –1.416 17.988 2.686 7.844 10.187 16.044 180 223 –916 –185 182 73 134 97 4 1.647 826 19.628 568 –3.689 19 111 –2.955 139 156 –41 –259 22 Czech Republic Hungary Latvia Lithuania Macedonia.Table 7A (cont.215 21.590 3.920 25.249 3.980 849 –3.544 36.922 12.597 52.134 1.971 Albania Belarus Bosnia and Herzegovina Bulgaria Croatia 779 2.586 –4.501 3.871 25.237 3.816 8.198 101.086 183 34 –4.486 1 10.601 –4.544 55.342 17.908 4.475 50.917 574 1.476 –282 6 –1.113 –673 – 1.242 18.409 676 1.684 –141 –27 –2. Serbia & Montenegro Residual Europe A 50 BIS Quarterly Review.464 129.096 –31 1 –168 965 3.316 –343 117 1.002 995 –884 127 –3.661 7.426 2.285 10. December 2011 .545 8.061 19.463 121.032 116.992 66.639 Serbia Turkey Ukraine Res.713 51.578 214 16.410 1.426 149 –11.582 120.654 2.669 47.267 –1.049 49.386 17.470 606.214 695 277 30.515 1.500 139.581 131.563 98 1.888 –198 –6.162 84 1.777 9.754 15.528 –539 – 1.751 –3.597 1.550 157 –622 –90 –1.233 471 2.101 575.571 4.951 10.247 –5.229 55.609 5.946 –382 1.888 1.508 8.577 1.065 607 –12.370 115.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Loans iii) Europe 605.655 –18 889 757 –3.148 –397 17.101 –21 9 7.979 –12.442 3.015 56.766 –66 1.186 682 31.492 3.251 82 3.842 579 29.381 –823 63 –92 228 10.633 116 15.766 682 31.506 –22.743 2.138 304.535 44.625 771 3.991 2.905 –167 –506 466 –129 34 99 748 –1.520 5.076 1 9.043 –19 –493 –939 16.118 –16 18 –4.228 5.008 120.268 18.602 587 2.700 4.929 1.134 –4.028 –1.214 1.252 –362 4 6.638 –24 –183 –642 1.099 15.363 2.380 1.428 1 7.134 158 1.103 –9.148 314.033 9.253 36.255 –8.208 1.232 321.643 –350 –1.069 –446 –770 47 3.953 52.656 161 –95 –3.405 695 254 22.605 –537 –106 –195 28 1.661 18.338 –30 –18 4.760 1.420 –235 –93 117 Deposits iii) Europe Albania Belarus Bosnia and Herzegovina Bulgaria Croatia Czech Republic Hungary Latvia Lithuania Macedonia.715 6 405 –193 842 –74 19.276 3.033 59.828 2.476 –4.134 8.588 –2.215 230 1.000 117.103 714 7.479 4.465 –256 –31 –9 620 –3.347 –2.284 3.501 20.271 31.295 358 1.847 619.176 11.751 854 20.521 35.149 3.504 131 569 343 –2.509 94.892 3. FYR Moldova Montenegro Poland Romania Russia Serbia Turkey Ukraine Res.404 297.790 –74.487 –89 138 2.139 16.351 3.659 –177 427 –264 –324 –119 11 –116 –104 –670 1.069 206 4.822 –970 1.283 –88 9. FYR 28.947 621 3.549 78.791 –161 817 –780 –1.214 184 16.694 914 –2.115 725 22.108 –135 –90 11.841 25.107 258 16.550 –11.813 7.069 –170 25 –388 –199 –3.480 861 170 27.581 5.453 96.005 – –2.599 18.785 14.609 209 15.558 –139 142 –112 –6.399 15.879 –1.447 –96 –11 3.771 574 3.

335 2. Vincent Surinam Trinidad and Tobago Turks and Caicos Uruguay Venezuela Residual Int.126 9.227 –17.583 4.238 –29 11 23 76 –1.278 3 1.123 –169 15 450 11.715 –1.006 918 3.446 30.378 11.251 2.609 244.193 196 277 –654 213 1.734 7.491 1.320 1.819 1.504 15.266 1.130 3 20 –144 –131 701 63 –1 779 –137 280 53.023 420.216 1.158 112 122 13 4.333 59 6.079 –1.368 3.499 11.677 –14 596 –24 3 Dominican Republic Ecuador El Salvador Falkland Islands Grenada 3.437 2.655 Argentina Belize Bolivia Bonaire.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Loans iv) Latin America/Caribbean 290.599 1.300 Chile Colombia Costa Rica Cuba Dominica 23.756 310 26.829 18.061 12.885 –71 362 4.084 717 158 1.215 196 84 –585 950 167 7 –49 454 89 –186 25 –35 –611 522 –2 12 –20 718 141 199 12 –16 –471 226 129 61 –1 183 –52 –205 –25 –17 Guatemala Guyana Haiti Honduras Jamaica 4.639 50.383 –204 207 27 1.503 13.024 2.019 2.745 208.358 7.321 48 1.954 27.667 25.000 10.308 –9.800 443 60 155.143 13.114 –11 –78 –675 51 118 138 70 241 –36 –2.942 46.321 3.417 2.969 221 135 –13 – 19.362 25.513 –834 –34 –57 –288 –88 618 –134 –39 –66 218 –57 –10 –3 –116 –5 564 –6 –35 136 152 117 12 4 52 –17 832 7 –4 42 467 Mexico Nicaragua Paraguay Peru St.027 St.Table 7A (cont.362 1.458 135 139 6.891 62 43.143 –900 980 8.818 –247 76 –185 – 50.803 1.549 300 35 305 63 14.939 –9.266 –1.355 40 313 1.605 1.520 231.490 1 256 –29 26 2.010 12.956 5.459 1.863 4.804 67 8.930 35 51 3.869 15.115 441 771 3.954 –1.074 482 92.778 403 82.875 42 103 4.100 28 3 285 407 509 14 9 366 –337 1.045 7.593 250.913 10.191 223.344 3.292 –34 3 174 –89 –388 13 2 263 43 2.410 –81 5.272 207.853 4.485 –64.963 14.775 2.002 11.813 445 –7.859 9.456 23.498 1.490 – 48.665 486 962 19.008 23.469 3.412 391.878 559 770 13.912 13 122 453 54 1.789 1.999 79.927 175 574 –16.105 5.030 1.476 1.348 836 196 1.834 14.356 494 94.564 1.724 775 13.592 4.324 573 4.380 Chile Colombia Costa Rica Cuba Dominica 42.725 – 56. Vincent Surinam Trinidad and Tobago Turks and Caicos Uruguay 2.506 64.056 378 –74 164 7 4.805 3.091 –1.143 398 348 4.964 704 154 1.142 67 26 – –914 690 383 281 11 5.241 5.151 25.417 221 101 6.108 4.698 1.387 289 26.479 –283 1.341 7.696 7.262 7. Lucia 67.819 –2.368 –47 287 –6.929 370.095 1.357 21 –1.037 12 62.873 18 19 –92 –144 479 5.508 1.257 15 –14 24 2 19.650 2.375 494 1.941 2.020 41 100 –156 –287 –270 –5 –8 483 382 –198 5 43 66 156 –153 1 40 28 214 282 –1 1 39 –52 115 2 5 274 90 142 –1 –3 Guatemala Guyana Haiti Honduras Jamaica 3.439 79 6.705 3.549 441 –9.558 23.164 13.090 261.223 –469 –151 –609 – –5.130 18.285 273 25.370 4.367 430 1.085 19.798 63 46.341 562 –10 –47 60 12.737 –2.720 –185 –145 –19 – 5.756 2.331 256.319 –12 –2.971 62.706 88 –18 –14 1.522 9.448 –2.809 468 62 175.384 52.649 347 1.044 8.091 4.979 13.107 2.730 494 92.045 –722 146 –1.299 22 2.327 46 6.037 4.778 1.154 640 –320 90 14 –44 602 288 –189 35 Dominican Republic Ecuador El Salvador Falkland Islands Grenada 5.982 13.937 2.974 12.689 394 333 – –13.094 4.860 7.291 2.915 5.802 1.649 2.957 2.488 514 –97 123 399 –346 267 –15 592 –251 269 –281 59 91 –296 525 401 –124 51 409 –489 –2 62 –26 387 195 –149 50 –24 1 116 Mexico Nicaragua Paraguay Peru St.259 5.551 2. organisations Unallocated BIS Quarterly Review.624 –3.550 54.089 1.080 –90 –9.709 –11 5.450 656 2.580 19.813 9.449 283 945 –49 20 –520 –12 –1.448 –129 –38 380 –102 4.163 12. December 2011 A 51 .898 1.316 7.780 2.082 13.709 4. Lucia 78.054 207.014 2.322 17.854 26.962 69. Saint Eustatius and Sa Brazil 11.230 544 1.004 – –170 889 –18 2.824 675 – 92.481 1.550 –4 –58 327 4.280 7.918 724 154 1.930 13.662 1.740 76 45.898 4.643 2.820 499 1.727 2.388 517 3.652 385.249 35 6.192 12.019 2.549 183.756 1.213 2.224 28.521 3.076 407.643 55.763 489 – 143.310 1.093 2.810 –19.523 12.428 308 12.083 –502 12.699 Argentina Belize Bolivia Bonaire.634 –4.069 2.036 –86 –112 391 –179 13.848 7.939 254 –641 –202 –58 St.952 317 99 13 1. Saint Eustatius and Sa Brazil 27.037 Venezuela Residual Int.472 66 346 2.646 2.279 7.172 25 67.731 2.307 44.283 –2.997 –934 –6.535 2.321 388 86.975 1.375 –1.390 2.980 14.157 4.649 232.786 4.771 –6.112 2.454 240 –105 14 756 285 –123 –22 –16 728 2.852 9.216 14.705 2.221 –17.747 38 98 3.359 400.269 2.355 200 1.493 23.904 1.280 156 100 5.145 650 259 – 8.105 485 1.043 1.170 211.308 403 83. organisations Unallocated Deposits iv) Latin America/Caribbean 357.610 –1.182 1.019 4.667 413 816 219 – 10.

959 40.052 104.615.562 5.849 18.890 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Loans All countries Developed Countries i) Europe Euro area 404.676 67.916 1.219 108.362 92.477 255.387 –78 15 1.547 30.913 308 4.958 1.982.622 681 653 647 30.702 159.619 61.558 143.051 95 479 1.776 13.769 267.236 1.884 282.717 –3.774.165 –1.343 681 3 –8 6.453 673 367 –96.630 1.899 –7. 1.966 –1.416 –4. .373.304 –261.766 –163 –4.377 312.569 11.155 –584 43.419 5.253 68.964 233.627 –36 2.465 37.245 82.896.915 1.394 3.777 1.723.938 .424 198.413 5.041 –1.220 –481.216 67.176 833 –2 2.403 100 2.331 4.644 2.352 –129.155 13.110 2.464 16.149 Austria Belgium Cyprus Estonia Finland 21.355 189.122 –462.027 –38.837 14.111 28.390 120.170 390 1.230 996 35.266 2.768 1.009 2.244 4.778 24.219 8.768 –886 –48.335 481 12.752 53.147 257.008 20.141 –4.373 57 64 287 39 –1.321.621 47.207 7.352 58.603 128.735 1.844 6.598 77.112 439 353 981.107 65.141 413.798 2...156 –2.868 20.852 288.313 2.970 132.292 16.614 –3.698 –2.026 192 146 2.176 312.696 66.374 16.110 10.405.330 421 –14.402 –14.618 265.078.893 1.657 181.504 37.337 –1.321 20.101 –977 1.638.046 129.821 4.995.432 1..403 4.810 4.043 157.365 26.124 97.992.185 –1.537 193.758 5.738 –446 9.863 –3.561 –13. –2.121 11.920 –380.039 –9.553 243.063 –3.129 –2.666 –1.743 4.023 –302 –589 –16.664 623 –37.812 132 Finland France Germany Greece Ireland 21.342 2.538 971 262 –1.065 .156 –3.647 –35.252 –8 13 (of which in EUR) Austria Belgium Cyprus Estonia Deposits All Countries Developed Countries i) Europe Euro area (of which in EUR) Slovenia Spain Andorra Denmark Iceland A 52 BIS Quarterly Review.741 9.947 213.833 7.838 495.612 171.796.777 –172 2.000 5.246 6.609 9.667 –923 –246 22.695 –17.606 308 42 –3.811 4.410 –117.120 4.214 380 Slovakia Slovenia Spain Andorra Denmark 7.024 19.503 9.069 53.014 1.764 24.471 –3 135 3.568 20.670 8.084 –102 .405 47.176 14.400 3.735 215.632 258..996 861.766 8 121 –5.722 155.889 2.241 –23. 59.459 –3.723 1.761 –4.165 28. .065 17.312 209 –23 –1.271 –93 18.393 (of which in CHF) United Kingdom (of which in GBP) Vatican Other 38.637.116 –22.116 United Kingdom (of which in GBP) Vatican Other 791.857 –24.186 –50.125 51 5.969 270.541 240.115.724 385.306 –124 –245 84.012 21.965 –348 –9.251 150.088 42.107 2..588 27..991 1.493 –5.631 672 349 987.678 47.392 –25 3..372 170.595 30.326 8.575 282 –15.017 18.453 Italy Luxembourg Malta Netherlands Portugal 51.139 43.829 20..535 23.481 128.013 134..949 141.783.727 –29 4.911 –17.421.400 –2.838 74 34 –1..676 –18.154 67.996 200.464 12 875 46.011 23.761 29.711.798 2.269 –11.294 –353 –53.303 278.054 766.971.320 955 –39.010 38.543 377.498 111.232 900.131.383 –30 –3.199 78.907.534 7.924 2.468 38..404 50.440 2.428 16.134 –49.909 10.192 –12.685 –15.349.277 7.516 45.095.088 771 3.583 1.088 93.566 1.275 200.157 –4.737 19.918 32.656 1.786 –6.143 –64 .292 –691 114 –93 –37.686 10.703 6.245 –2.132 87.301 31.020 258.737 6.361 14.769 –4..312 1.760 21.749 3.733.900 –4.293 1.411 91.287 57. 31.103 –2.104 –1.604 –453 33 –889 7.085 32.905 –5.130 37.103 20.068 825.249 131.762 693 12.040 5.641 3 –22 –3.587 267 7..521 7.807 23.767 35.877 22.137 1.775 29.361 –193.656 49.903 8.349 –16 22.196 –17 –357 7.464 5 –69 2..385 –306 2.857 –48 –18.396 –534 –594 .057 1.121 –887 –3.174 280.171 –42 Liechtenstein Norway Sweden Switzerland (of which in CHF) 5.053 69.433 1.799 8.650 367 9.310 –640 –278 –1.233 3.056 –138 26.896 50.697 5. .450 200.183 –61.836 17.655 10.211 –17.417.098 331 3.748 288.400 32.947 279.973 62.015 – 856 44.758 64.799 63.496 162.460 15 881 –13.589.846 9.059 2.363 1.102 32.494 5.857 15.414.499 –187 2.159 1.987 2.287 70.172 –137 –716 –9.567 374.521 195 4.969 .240 2.118 185 965 –894 11.561 21.113 1.076 265.494 –58 3.732 20.961 185.004.180 –3.706 –975 –11.576 1.169 238.554 78.038 1.946 8 773 42.370 .214 30.743 206 –495 France Germany Greece Ireland Italy 168.802 56.433 4.051 218.388 –48.378 12.099 118 391 15.508 1.447 145..410 6.130 –7.748 –27.208 1.718 1.903 453.812 –11.996 24..690 1.477 8.784 1.458 2.529 1.850 4.107 19.686 1.136 3.753 817 30.048 –681 4.133 3.383.472 21.021 107.235 390.930 1.496 70.251 960 Luxembourg Malta Netherlands Portugal Slovakia 153.238 96.449 1.119 217.051 –324 –6.419 2.776 –207 –620 –4.915 2.816 101.733 162.749 8.307 20.753 16.011 4.654.847 229.220 35.756 595 666 889.636 50.924 77 83 –948 –35 13.239 –2.670 17.748 –3.817 –314 –921 556 –112 –2.279 122 –4.811 10.731 1.601 11.159 4.650 4.522 157 1.898 17.755 4.300 1.896 –186 363 –3. 28.363 366.076 12.571 19 3.399 3.189 –24.739 892 8.872 –2.657 19..719 2.048 4.043 201.130 162.936 64.003 677.182 1.908 488 1.818 109 1.790 –7.374 115.212 73.704 80.946 38.102 4 50 838 31.854 149..156 21.756 –290 –112 4.836 –236 11 1.835.550 –323 –37.342 263.372 22.664 64.466 5.296..412 18.283 369 –48 1.800 –21 8 –29 –680 68.621 90.549 38. 1.547.380 –39 –73 –1.212 –50 –354 Iceland Liechtenstein Norway Sweden Switzerland 6.560 5.102 185. December 2011 .729 –58.516 2.879.598 –18.851 –165 41 68.810 –409.415 –252.204 –458 17.915 63.730 –142 –9 20.793 1.269 –3.354 13.710 3..651 7.535 8.396 538 12.Table 7B: External loans and deposits of reporting banks vis-à-vis the non-bank sector Vis-à-vis individual countries in millions of US dollars Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 5.537.797 132 –7.156 259.660 135. 2.750 –223 –172 121.255 6.614 –9.

881 –2.371.696.370 3.524 89.556 2.304 620 20.754 11.912 1.916 67.122 –127.945 13 .832 22.641.113 –44 5.408 –136.024 136.317 – 318 3.064 –42 446 1.702 81 99.688 39.465 5.443 7.181 4.412 – 2 2.991 348.312 4.516 2.655 1.175 –135.932 565.269 3.615 –2 612 –1.875 –838 3...660 17.030 9.791 –17 –1.946 12.581 33. 100 287 3.271 36 –1.230 55 3.038 58.995 31.209 1.487 3.480 –530 –737 –3.037 2.188 25 –735 222 –3.927 –14.926 4.791 3.687 – –307 1.165 20 1.038 –153 1.243 4.030 5.430 2.328 –9.390 8.642 21.085 9.171 61.051 33.117 11.595 9.860 7.575 30.348 7.811 60.144 7.269 1.129 12.187.461 199 5.608.067 1.673 838.053 United States (of which in USD) Offshore centres 1.352 – 1.204 –59.804 6.962 –11.676.605 8.086 – – 86.345 – 35 1.198.455 6 .746 528.693 1..693 67.832 68.222 –151..735 1.129 25 1.589 38.761 –10.935 230.082 427 6.193 –15.815 41.476 5.480 –130.816 7.880 –44.210 95.619 –340 113 680 378 7.785 116.753 78.253 17 261 198.421 –4.105 1.207 1.612.891 20.594 44.017 49.803 40.179 17.468 44.452 – –862 2.841 –6.089 3.069 –6.274 58.826 –34 3.024 84 106.742 80.133 62.893 8.391 –2.741 288 3.868 60.865 –19.156 68.607 17.219 92.676 33.149 14 –7.731 726 85 2.884 44.306 –2.863 74.260 Isle of Man Jersey Lebanon Macao SAR Mauritius 17.464 43.962 –5.517 36.836 –1.055 928.912 59..938.511 3.803 – 801 –779 573 7.070 45.130 252 2.620 39.952 41.030 17.355 –2.816 12. 2.953 – 5.373 3.630 33.195 4.957.684 7.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Loans ii) Other 1.563 3.100 –4.946 8.176.777 20 –87 –91 281 –247 61 35 977 –3.837 38.872 –5.915 1.553 97.454 – 7 75.096 –315 –756 –2.051 34.217 12.109 1.339 –406 –849 –86 –5 –458 Netherlands Antilles Panama Samoa Singapore Sint Maarten 11.413 33.946 12.172 591 19.206 –126.087 20.553 10.150 47.919 19.831 2 6.949 122.329 Aruba Bahamas Bahrain Barbados Bermuda Cayman Islands Curacao Gibraltar Guernsey Hong Kong SAR Deposits ii) Other 1.125 –20 –3.537 23.377 1.042 4.020 42.593 –782 –176 –1.260 87 4.417 109.179 –17 –22.219 79.045 51.465 11.710 5.636 1.526 74.465 1.103 13.173.027 105.658 –136.969 –388 8.516.271.020 765 1..978 1.310 327.768 –1.866 –2.493 99 United States (of which in USD) Offshore centres 1.415 1.514 290 202..142 – –925 –2.947 Australia Canada Japan (of which in JPY) New Zealand 54.444 6.364 105 108.657 3.932 9.982 –3.464 71.222 519 22.592 113..383 70.118 20.350 52.907.179 8.065 6.914 270 8..173 31.921 72.253 –21.996 –4.Table 7B (cont.324 1.797 29 .674 61.834 4.820 108.435 24 –165 –1.222 3.251 928 –2.325 127 –545 10.836.725 28.109 –9 14.145 338.417 418 –691 –256 –16.229 659 –4.886 3.157 –5.274 113.459 40.958 17.092 –62 217 790 25 560 –90 –57 1.320 123.670 – –4.985 541 57 416 1.458 –2.063 57.355.374 61.983 501 2.252 884.758 –267 –1.794 –3.997 –5.862 4.800 2.378 15.582 5 Vanuatu West Indies UK 83 84.584 10.985 –166 329 1.189 –21.513 1.664 –70 108 1.288 387 –1. 79.329.731 –6.631 13.339 –377 –128 262 –52 –28 –191 –1.249 103.515 2.581 1.008 –31 –5.674 461 –6.487 1.364 6.847 72.457 2 –934 –592 7.233 27.647 –135.273 80.813 9.241 9.301 4.489.888 18.514 –208 –3.290 80.274 465 –49 – –92 –1.095 1.581 63.230 113.014 327.960 –1.284 9.563 72.564 1.796 64.963 Cayman Islands Curacao Gibraltar Guernsey Hong Kong SAR 519.320 13.310 8.815 116.348 –187 472 146 284 –11.868 104.611 20.632 8.601 – –2.072 134.288 16.270.827 15.642 9.826 –38 6.343 716 5.424 541 250 878 –805 –98 –39 –447 3.372.311.385 –580 833 647 –2.963 2.626 106 568 1.538 57.530 6.038 41.626 – 795 10.475 19 .749 – –1.493 2.134 50.071 43.813 6. December 2011 A 53 .403.848 28.539 603 22.341 41.188 –2.982 1.515 7.364 Aruba Bahamas Bahrain Barbados Bermuda Netherlands Antilles Panama Samoa Singapore Sint Maarten Vanuatu West Indies UK BIS Quarterly Review.592 4.770 3.817 47.706 8.618 1.806 7.863 Australia Canada Japan (of which in JPY) New Zealand 50.609 –19.042 60.210 253 193.213 98.067 –11.780 7.315 12 .750 821 45.627 –147.981 –40 2.309.040 71.682 18. 92.627 – 5.819 18 678 4.522 5.426 1.283 2.516 3.369 7.833 16.431 3 187 64 1.839 39.934 –42 3.119 47.374 20.616 –634 29.577 263.782 8..082 72.142 69.091 321 197.408 46 43 –13.408 2.964 1.803 35.443 1.078.140 695 1.186 1.257 2.618 194 –4.968 1.129 406 596 352 –205 –508 –194 43 –606 2.747 5.065 6.281 931.301 19.549 9.997 –23.742 206 3. 88.204 1 .797 Isle of Man Jersey Lebanon Macao SAR Mauritius 21.075.639 7.973 287 3.170 –97.255 1.685 –2.717 2.662.738 25..806 –7 –5.142.468 1.442 –7.354 140.415 25.414 97.165 7.308 –187 –322 2.473 2.058 1.378 1.066 262.581 98.070 686 644 –2 1.127 8.295 496.556 –5.451 37.. 78.

Table 7B (cont.)

Vis-à-vis countries

Dec 2009

Amounts outstanding
Dec 2010 Mar 2011

Jun 2011

2009

Estimated exchange rate adjusted changes
2010
Q3 2010
Q4 2010
Q1 2011

Q2 2011

Loans
Developing countries

980,477

1,041,801

1,087,672

1,141,284

–18,481

71,453

35,002

16,636

28,924

46,582

i) Africa & Middle East

263,993

269,897

274,505

275,290

5,507

6,094

3,279

3,562

1,170

–609

Algeria
Angola
Benin
Botswana
Burkina Faso

1,303
3,778
71
76
316

1,151
3,348
48
109
350

1,110
3,240
101
141
382

1,198
3,931
60
279
449

31
301
–3
31
11

–99
–414
–16
73
48

–29
–269
–35
22
31

122
–86
–1
22
–12

–76
–204
48
32
21

79
663
–41
138
63

Burundi
Cameroon
Cape Verde
Central African Republic
Chad

8
1,121
112
13
82

11
1,112
171
7
58

12
1,005
174
42
69

14
1,026
228
46
63

–32
–64
–5
–2
–10

3
42
64
–5
–22

–1
198
28
–4
3

1
–157
9
1
–19

1
–152
–7
33
9

2
11
50
3
–7

Comoros Islands
Congo
Congo Democratic Republic
Côte d’Ivoire
Djibouti

8
281
464
1,417
142

6
321
512
1,014
104

13
437
410
1,023
103

15
292
596
1,330
104

–2
–189
104
–2,290
–15

–2
50
69
–326
–51

–2
55
–3
87
–36


5
44
–225
–17

6
105
–117
–43
–2

2
–148
180
290
1

Egypt
Equatorial Guinea
Eritrea
Ethiopia
Gabon

8,426
116
1
245
702

8,274
27
1
360
804

7,596
35
2
312
848

7,244
41
1
455
897

718
38
–7
226
–43

–170
–89

116
129

995
–1
1
34
70

–1,463
2
–1
118
87

–751
6
1
–53
–5

–396
5
–1
141
35

Gambia
Ghana
Guinea
Guinea-Bissau
Iran

101
2,610
271
9
7,947

92
3,640
208
5
6,363

88
3,178
217
4
6,015

90
2,743
214
4
5,317

8
655
9
5
–636

–20
1,050
–47
–3
–1,196

–23
151
–43
–3
158

4
1,322
–5
–1
–506

–6
–524
–2
–1
–637

1
–454
–7

–775

Iraq
Israel
Jordan
Kenya
Kuwait

860
6,891
2,757
1,037
15,460

824
8,519
2,892
1,207
14,363

828
10,436
2,182
1,380
14,235

949
8,650
2,298
1,299
13,092

–581
1,096
1,235
68
–4,960

6
1,575
123
191
–1,150

5
–722
15
21
–3,801

–14
1,065
509
141
1,993

–35
1,705
–737
137
–350

107
–1,895
108
–96
–1,226

Lesotho
Liberia

20
21,675

26
24,541

26
24,742

19
25,417

–10
2,794

5
2,580

26
1,050

–26
800


178

–7
546

Deposits
Developing countries

790,412

851,279

875,648

895,013

–8,256

69,653

26,164

11,460

12,686

15,152

i) Africa & Middle East

246,397

268,543

287,879

294,449

–3,079

24,497

10,769

284

14,974

5,151

Algeria
Angola
Benin
Botswana
Burkina Faso

3,545
5,135
298
303
226

3,289
3,435
190
367
231

3,271
4,810
201
409
229

3,288
7,440
214
418
260

48
525
66
47
–32

–77
–1,691
–95
65
19

359
–588
–7
40
3

–214
–434
–23
21
1

–176
1,326
3
37
–12

–33
2,615
11
9
28

Burundi
Cameroon
Cape Verde
Central African Republic
Chad

141
1,212
89
66
222

143
1,298
61
72
133

145
1,205
78
78
203

143
1,349
101
88
228

23
218
–2
–17
45

–1
144
–22
8
–80

3
191
2
8
68

4
73
–4
–5
–71

–2
–141
14
3
66

–4
131
21
9
24

Comoros Islands
Congo
Congo Democratic Republic
Côte d’Ivoire
Djibouti

53
636
1,139
1,202
225

43
754
1,238
1,216
203

94
691
1,254
1,382
194

74
676
1,503
1,145
224

1
–74
45
–269
47

–9
151
144
81
–15

2
44
–55
86
17

–6
22
171
81
–32

48
–89
–14
108
–13

–21
–22
223
–257
29

13,356
406
20
283
862

12,665
4,883
26
353
856

13,284
4,801
69
338
800

14,239
4,260
111
358
1,079

–451
–190
–9
–25
–153

–507
4,498
7
80
27

275
221
33
–13
50

–550
–312
–32
45
30

452
–104
42
–27
–89

910
–548
42
20
269

126
711
306
50
4,855

115
936
204
47
3,199

116
1,064
198
45
4,298

121
930
219
46
4,416


–44

22
663

–16
238
–91
–1
–1,400

–3
–38
–86

–1,007

–5
85
–5
–1
–217

–2
117
–13
–4
951

4
–137
20

75

Iraq
Israel
Jordan
Kenya
Kuwait

562
17,293
5,378
4,493
22,030

430
15,430
4,644
4,485
23,895

858
15,327
4,879
4,507
29,131

814
15,746
4,872
4,565
28,455

–37
–2,421
–585
–22
–3,417

–132
–1,636
–678
60
1,533

16
–71
98
–32
454

–129
–59
–434
121
–47

418
–386
164
–69
5,003

–46
298
–24
55
–774

Lesotho
Liberia

125
17,431

119
20,008

133
19,215

118
19,869

18
220

–17
2,937

–38
513

7
954

15
–1,030

–15
571

Egypt
Equatorial Guinea
Eritrea
Ethiopia
Gabon
Gambia
Ghana
Guinea
Guinea-Bissau
Iran

A 54

BIS Quarterly Review, December 2011

Table 7B (cont.)

Vis-à-vis countries

Dec 2009

Amounts outstanding
Dec 2010 Mar 2011

Jun 2011

2009

Estimated exchange rate adjusted changes
2010
Q3 2010
Q4 2010
Q1 2011

Q2 2011

Loans
Libya
Madagascar
Malawi
Mali
Mauritania

1,358
606
161
216
147

923
659
109
178
150

812
660
111
171
174

833
733
112
178
188

605
143
51
–6
7

–419
60
–54
–24
11

–428
375
–12
–2
–6

–101
26
–7
–8
22

–119
–6
2
–17
18

15
71
1
4
17

Morocco
Mozambique
Namibia
Niger
Nigeria

5,134
735
909
144
5,090

5,079
824
747
43
4,220

5,454
1,006
790
45
4,126

5,451
1,057
547
60
4,414

919
50
110
31
25

203
101
–127
–100
–856

27
71
7
1
–553

101
46
–96
–6
–545

92
159
20
1
–125

–88
43
–251
15
277

Oman
Palestinian Territory
Qatar
Rwanda
Sao Tomé and Principe

7,843
11
35,231
40
41

7,633
12
42,239
34
52

7,852
15
39,534
31
55

7,814
12
39,590
29
58

–95
3
2,794
29

–257
1
7,160
–7
14

620
3
3,033
–3
–1

–373
–3
3,081
1
2

213
3
–2,891
–3

–44
–3
–1
–2
2

Saudi Arabia
Senegal
Seychelles
Sierra Leone
Somalia

36,947
846
1,263
60
110

35,633
701
1,447
176
91

40,053
783
1,788
114
101

39,808
755
1,917
139
101

–510
16
266

8

–1,482
–89
225
122
–11

500
–77
1
3
–7

1,152
–18
108
131
1

3,977
42
304
–70
4

–432
–45
100
23
–2

South Africa
St. Helena
Sudan
Swaziland
Syria

9,841
10
641
34
679

10,511
12
663
111
690

10,976
15
534
130
645

12,164
4
546
156
634

–436
6
31
3
–38

799
2
34
77
15

390
2
–24
1
25

352
5
–6
2
–15

153
3
–146
18
–57

1,080
–11
–10
25
–18

Tanzania
Togo
Tunisia
Uganda
United Arab Emirates

495
99
2,421
264
59,065

600
73
1,909
362
59,899

611
93
2,228
361
61,474

636
82
2,212
379
62,548

158
19
3
41
–246

108
–22
–354
101
98

18
3
–188
44
698

40
–25
–28
2
–3,964


16
208
–7
1,102

21
–13
–48
16
897

Yemen
Zambia
Zimbabwe
Residual

1,142
706
353
13,031

1,362
739
280
11,268

1,396
877
298
10,806

1,322
763
347
11,340

212
44
–112
2,894

50
32
–83
–1,764

78
–24
63
662

340
–107
–110
–155

25
136
9
–475

–79
–116
46
525

Libya
Madagascar
Malawi
Mali
Mauritania

5,712
862
137
263
311

7,528
566
218
205
455

7,740
523
245
229
776

7,813
524
237
242
856

–124
177
6
–28
–78

1,899
–262
77
–46
154

1,120

24
16
68

–608
–34
–6
–40
92

106
–66
24
14
312

53
–7
–9
9
77

Morocco
Mozambique
Namibia
Niger
Nigeria

3,993
410
509
111
7,250

4,142
474
580
114
7,612

3,769
496
613
125
8,028

4,100
505
531
127
8,874

–505
63
73
15
271

412
83
75
8
374

141
21
–20
–183
–1,004

245
30
63
–23
1,284

–547
12
16
7
366

274
5
–88
1
840

Oman
Palestinian Territory
Qatar
Rwanda
Sao Tomé and Principe

4,480
274
9,079
226
12

5,007
258
13,531
148
9

5,376
286
15,897
183
13

6,178
294
14,199
154
15

–1,440
–91
202
53
–2

559
–11
4,431
–80
–3

733
–8
2,138
20
4

–8
25
141
–47
–7

275
24
2,300
30
4

778
7
–1,753
–28
2

Saudi Arabia
Senegal
Seychelles
Sierra Leone
Somalia

40,823
1,330
5,142
83
16

54,115
976
5,535
112
16

51,251
1,170
5,833
105
16

50,628
1,090
6,459
163
16

1,665
–97
936
–37
–1

13,307
–278
498
23

4,869
–11
702
22
1

701
–105
186
–3
1

–3,441
137
163
–8

–842
–98
579
58

South Africa
St. Helena
Sudan
Swaziland
Syria

12,594
14
538
290
2,270

13,817
11
465
227
1,979

15,003
15
645
259
2,054

15,325
10
445
216
2,091

58
5
21
–484
–107

1,507
–6
–64
–78
–210

838
5
87
–7
–284

–437
–8
–270
–41
154

797
4
161
30
27

224
–5
–205
–42
25

Tanzania
Togo
Tunisia
Uganda
United Arab Emirates

777
308
1,699
329
31,338

833
276
1,577
309
31,504

882
295
1,577
328
39,177

877
291
1,614
296
41,089

30
4
93
61
861

69
–19
–37
–23
–8

14
3
53
–34
1,736

–15
–10
–1
–18
–1,323

31
7
–70
14
7,051

–7
–1
14
–33
1,689

Yemen
Zambia
Zimbabwe
Residual

1,008
561
778
10,091

1,781
714
704
7,777

1,829
673
720
8,441

1,631
919
752
8,519

99
18
2
958

727
157
–67
–2,194

–112
142
–32
–837

742
–91
–54
732

19
–51
4
631

–200
246
31
77

Deposits

BIS Quarterly Review, December 2011

A 55

Table 7B (cont.)

Vis-à-vis countries

Dec 2009

Amounts outstanding
Dec 2010 Mar 2011

Jun 2011

2009

Estimated exchange rate adjusted changes
2010
Q3 2010
Q4 2010
Q1 2011

Q2 2011

Loans
ii) Asia & Pacific

215,785

286,456

310,813

349,272

9,335

68,584

24,247

13,780

21,680

36,804

90
157
2,074
915
68

63
137
2,244
1,019
72

39
145
2,555
1,166
86

43
217
2,919
1,297
97

47
64
–143
–72
7

–26
–17
273
99
8

–9
–20
1,132
37
2

–12
12
–1,331
48
6

–24
6
247
142
9

4
72
341
129
10

British Overseas Territories
Brunei
Cambodia
China
Chinese Taipei

372
477
347
39,116
8,442

409
697
240
65,589
12,312

460
831
268
81,995
12,176

694
810
418
104,041
12,871

40
89
167
656
–87

–465
213
–104
25,953
3,789

–28
–50
28
10,864
549

45
127
–33
3,111
754

46
124
26
15,896
–265

226
–25
149
21,743
618

Fiji
French Polynesia
Georgia
India
Indonesia

30
870
260
45,735
20,306

35
798
249
63,776
25,654

14
823
254
65,048
27,000

28
860
269
71,787
28,553

11
118
7
420
1,232

–10
–33
–10
17,650
5,174

–9
50
39
4,148
2,734

–4
–28
–44
3,987
1,347

–21
–17
–2
815
975

14
21
13
6,399
1,308

Kazakhstan
Kiribati
Kyrgyz Republic
Laos
Malaysia

6,442

76
264
9,696

6,236

16
269
11,098

6,342
1
21
279
14,071

6,699

19
269
15,389

–883

35
–65
571

–272

–58
10
1,214

–123

2
–2
–136

–256

–7
10
101

54
1
5
9
2,830

341
–1
–2
–10
1,229

Maldives
Marshall Islands
Micronesia

269
24,997

271
26,356

257
28,109
2

284
29,062
4

–34
2,052
–25

4
1,279

23
1,194

32
906

–20
1,718
2

25
934
2

229,712

254,655

257,479

267,742

–3,720

25,833

7,746

4,160

203

9,117

131
168
495
834
4

146
221
762
974
2

157
253
1,343
958
1

154
257
1,267
1,082
3

10
8
–196
323
–5

17
60
238
139
–3

33
71
–770
37


–3
231
–13
1

9
27
571
–29
–1

–4
2
–81
120
2

British Overseas Territories
Brunei
Cambodia
China
Chinese Taipei

1,150
2,496
129
68,699
47,388

635
2,610
156
85,212
49,522

714
2,728
147
83,383
49,523

666
3,037
269
82,581
53,572

28
366
3
–14,306
–1,901

–533
147
30
16,552
2,142

–24
–376
105
1,703
–310

–156
307
–80
5,792
1,025

64
70
–12
–2,654
–321

–55
294
121
–1,157
3,874

Fiji
French Polynesia
Georgia
India
Indonesia

103
329
324
16,794
4,860

90
337
414
15,422
5,494

105
341
384
16,001
5,909

106
340
448
17,395
5,974

–3
–65
–35
1,308
410

–16
17
103
–1,257
728

2
60
57
–37
530

–35
–16
37
–11
42

14
–10
–38
459
354


–6
61
1,366
32

Kazakhstan
Kiribati
Kyrgyz Republic
Laos
Malaysia

4,038
71
86
87
7,898

5,107
77
63
63
8,599

5,440
124
63
34
8,887

5,144
83
84
34
10,098

98
–39
29
26
809

1,120
7
–22
–27
706

946
–3
–16
–23
–312

–205
–8
–14
–27
420

274
44
–2
–31
180

–316
–42
21
–1
1,156

Maldives
Marshall Islands
Micronesia

67
8,108
26

82
10,399
24

96
10,392
40

95
10,386
32

–19
834
–10

15
2,466
–4

10
580
–2

–1
269

13
–124
16

–1
–59
–8

Afghanistan
Armenia
Azerbaijan
Bangladesh
Bhutan

Deposits
ii) Asia & Pacific
Afghanistan
Armenia
Azerbaijan
Bangladesh
Bhutan

A 56

BIS Quarterly Review, December 2011

352 40 3.687 5.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Loans Mongolia Myanmar Nauru Nepal New Caledonia 109 40 10 41 1.162 2 –2.214 32 9.914 951 27 36.381 6 509 –1 –3.758 2.605 14 3.530 61 8.279 349 –2 690 –1 825 –52 –1 1.775 4 –680 107 – 226 –15 788 438 8 887 2 2.506 166 –35 –3 –81 212 –1 –11 –1.931 –21 368 – –28 580 –4 –237 –1 12 656 –1 253 – –14 368 4 89 –1 48 –172 21 25.394 29 3.065 39 –31 –6 14 106 89 –7 –2 – 67 3 – 2 4 –117 45 – –2 4 72 –28 2 1 –16 40 478 2 –1 15 70 North Korea Pakistan Palau Papua New Guinea Philippines 41 3.488 40 3.846 200 33 8 42 1.094 813 7.536 1.871 – 10.428 19 –186 –1 1.928 5.756 28 115 9.151 30 30 7.451 306 140 3 896 Solomon Islands South Korea Sri Lanka Tajikistan Thailand Timor Leste Tonga Turkmenistan Tuvalu US Pacific Islands Uzbekistan Vietnam Wallis/Futuna Residual Deposits Timor Leste Tonga Turkmenistan Tuvalu US Pacific Islands Uzbekistan Vietnam Wallis/Futuna Residual BIS Quarterly Review.855 17 436 –2 3.353 794 33 36.031 –227 –1 813 5 1.313 15 1.370 1 1.383 22 456 –2 1.421 11 2 29 7 86 54 2 28 18 269 48 2 31 3 396 105 2 29 2 195 3 –1 –5 – –97 42 – – 11 190 14 – – – 51 26 – –3 14 88 –7 – 2 –15 126 57 – –2 –1 –201 1.944 14 7.066 8 1.218 114 –1 730 4 337 526 –2 3.596 805 24 35.837 6 –238 –3 –13 –206 –3 269 –2 112 1.263 – 4.891 – 11.830 45 3.400 24 26.053 2 12.310 27 25.Table 7B (cont.923 815 22 6.358 – 473 –25 – 760 –3 311 140 2 774 5 – 57 11 170 7 – 12 31 823 7 – 8 31 1.792 –3 4.960 651 38 8 41 2.354 35 3.807 172 36 9 26 1.019 9 – 57 31 700 – –3 55 10 –478 2 – –45 20 656 1 – 49 –1 620 1 – –43 21 –13 – – –4 –1 186 2 – 48 – –324 654 5.280 158 2 1.351 65 10.807 1.037 430 512 –5 –125 159 1.101 646 62 –6 6.922 181 10 –574 –13 –3.769 2 1.860 27 164 9.690 1.474 28 128 9.129 1.201 805 6.283 1.283 763 34 35. December 2011 A 57 .033 1.700 836 8.011 1.294 71 12.124 12 5.078 24 340 741 272 602 12 394 730 145 637 11 402 700 54 458 10 380 720 –28 739 –3 10 5 245 –435 –12 58 5 1 –34 –4 –27 78 231 9 – 127 –33 –128 2 –2 –2 –59 –91 –188 –1 –25 10 North Korea Pakistan Palau Papua New Guinea Philippines 64 2.744 5.376 –156 –18 310 6 –185 –441 4 –27 –1 107 238 –9 54 6 –22 –441 –17 203 7 –69 –79 6 50 –14 –65 53 Solomon Islands South Korea Sri Lanka Tajikistan Thailand 78 7.277 18 2.568 93 31 2 1.196 9 26 5 2.305 Mongolia Myanmar Nauru Nepal New Caledonia 28 1.153 72 919 –1 1.931 45 3.931 220 –1 233 2 2.504 27 26.040 1.050 1.632 5.356 2 7.051 30 8.260 31 7.

830 110 764 30.516 –259 –1.100 9.031 –93 –8 285 102 4.367 1.853 86 472 436 2.773 –10.952 –257 –191 25 138 –1.205 988 31.317 19.531 84 238 –27 –329 388 57 432 –28 –290 –202 27 120 2 –187 1.264 268.938 3.143 –29 –64 5 26 –280 –34 –82 2 Moldova Montenegro Poland Romania Russia 168 104 4.556 15 –26 180 –104 3.937 1 5.037 –114 63 –35 –214 –903 –300 –78 –192 10 103 –292 – 1.972 419 17.002 202 4.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Loans iii) Europe 312.611 –1.584 20.273 –168 –1.249 2.664 4.827 81.231 455 16.582 8.796 107 –95 175 –350 –600 –84 135 –162 53 –770 20 89 –2 111 232 –145 210 –76 216 –437 –4 –430 –25 –238 654 –17 5 –14 –169 –504 Czech Republic Hungary Latvia Lithuania Macedonia.286 19. FYR 4.097 168 85 5.030 1.414 1.391 7 2.290 –31.962 3.975 60.905 9.275 19.376 –1.287 578 1.010 6.821 1 5. Serbia & Montenegro Residual Europe 5.458 7 3.675 6.992 3.020 –571 2.924 21.461 548 633 228 4.438 76.205 –412 –15 147 626 –181 635 Serbia Turkey Ukraine Res.593 114 758 33.469 69.529 571 995 217 4.628 –8.748 Albania Belarus Bosnia and Herzegovina Bulgaria Croatia 670 935 1.250 –19 –431 –743 –6.096 1.709 71.116 5.273 –902 –9.053 29.237 –511 –1.609 6 3.836 –25.176 1.410 7 –6 203 11 –1.933 58.901 1.771 – –50 1.788 33.588 –27 20 10 –144 528 –10 7 1.936 948 21.075 19.828 165 –1 129 55 –207 –172 1 52 A 58 BIS Quarterly Review.746 50 –12.154 5.826 59.024 21.857 565 653 1. FYR 17.654 2.431 2.185 100 923 34.207 19.800 36.459 –765 –66 1.919 1.812 6 –25 692 –347 565 20 136 –325 –273 –2.064 326 1.974 –153 – –5 Deposits iii) Europe 93.983 385 –1 –205 –86 –10.310 1.767 90 551 421 2.537 277. Serbia & Montenegro Residual Europe 923 27.457 –278 8.217 147 106 5.003 73.713 2.181 –19 224 1.476 –1.070 1.458 32.088 98.858 1.598 2.813 65 2.576 440 1.764 37.Table 7B (cont.394 73 –58 –25 –71 –1.085 Serbia Turkey Ukraine Res.132 1 4.884 2.139 9.565 Albania Belarus Bosnia and Herzegovina Bulgaria Croatia 100 307 473 1.697 542 1.382 9.384 8 –54 –9.151 –167 –6.645 97 534 419 2.035 –364 33 6 369 –475 127 59 13 Moldova Montenegro Poland Romania Russia 92 767 31.258 5. December 2011 .676 283.566 2.514 24.664 6.913 19.453 –865 –15.843 339 4 –1.593 20.146 9.348 9.222 472 –14 3.291 –50 –14 857 87 1.083 204 1.945 93.121 572 633 1.358 177 64 6.112 92.117 19.144 2 4.853 –255 3 –174 7 1.193 46 793 –323 –21 –363 7 488 –6.204 2.372 545 933 223 380 4.054 23 39 74 –2.489 8.157 –51 1.874 –8 26 1.513 1.562 5.724 7 1 –116 397 –145 –8 179 –10 411 –119 3 30 20 30 –36 –10 150 –4 689 1 8 41 –39 –217 44 –8 10 –6 22 –73 Czech Republic Hungary Latvia Lithuania Macedonia.126 451 17.468 2.

524 220 88 –141 – 16.219 398 625 6.819 291 301 8.127 11 –39 –669 –200 5.926 109.443 21 30 182 –5 –1.146 227 57.038 696 68 618 1.711 1.947 Chile Colombia Costa Rica Cuba Dominica 6.004 587 30 43 –138 –133 –326 –5 –10 236 271 –94 –5 10 99 87 –78 – 7 –142 226 84 –2 – 245 –32 –72 1 6 105 27 77 –1 1 Guatemala Guyana Haiti Honduras Jamaica 2.795 10.194 271 4.709 2.071 –148 140 298 35 Dominican Republic Ecuador El Salvador Falkland Islands Grenada 4.973 389 6.776 554 2.852 10.509 2.481 –68 –122 1 – 4.674 337 693 8.684 13.901 1.684 6.526 9.537 813 94 599 923 2.215 229.147 959 3.547 549 60 2.350 –9 3.628 22.097 –638 8 49 1.557 6.495 734 1.584 1.623 176 55.487 –17.777 553 46 2.298 195 655 –97 – 2.915 4.552 414 265 –32 1.194 3. organisations Unallocated Deposits iv) Latin America/Caribbean 221.178 240.077 6.427 –1.645 7.047 –847 –3.852 596 43 21.428 178 56.311 5.972 593 338 –780 1.225 4.859 Chile Colombia Costa Rica Cuba Dominica 21.975 12.213 653 643 –95 105 2. Vincent Surinam Trinidad and Tobago Turks and Caicos Uruguay Venezuela Residual Int.123 –3 28 108 22 563 35 2.180 10. Lucia 40.871 8.141 1.159 9.030 521 68 22.079 –74 – 10 3.827 1.517 36 –158 106 –52 2.790 2.296 –19 –22 38 –118 –114 59 9 144 –104 –133 37.112 2.899 2.877 78.656 681 62 588 1.891 –1.603 1.521 –840 –31 –13 25 1.337 110.743 562 57 2.808 22 38.843 7.045 1.077 597 –40 –54 60 6.313 93 77 –197 357 74 –3 –9 –541 –286 42 25 –28 –147 –81 –30 11 –11 –95 –32 56 5 –17 148 127 53 58 –3 130 –155 –46 –34 –19 Guatemala Guyana Haiti Honduras Jamaica 3. Saint Eustatius and Sa Brazil 9.904 55.035 28.300 977 19 –20 –78 –75 –168 151 –64 57 9 –9 39 7 32 16 197 19 5 6 30 –36 147 –2 23 92 14 79 6 –2 152 17 Mexico Nicaragua Paraguay Peru St.304 –1.431 –77 10 2.434 210 68 –416 54 –151 –103 –75 65 –7 –1.971 510 31 42 3.575 11.980 4.576 –15 21 17 –95 171 4.110 283 42.269 43 131 3.144 1.585 18 16 756 –4 –1.071 771 1.207 42.020 10.062 1.584 458 1.756 445 62 82.244 10.383 116. Vincent Surinam Trinidad and Tobago Turks and Caicos Uruguay Venezuela Residual Int.835 10.095 5.036 2.758 1.998 –716 58 581 358 729 –51 12 90 14 –1.792 463 2.358 127 96 4.568 11.715 470 1.639 Argentina Belize Bolivia Bonaire.893 113.902 2.367 3.912 19 1.825 –2.411 –1.580 9.903 1.099 37.764 433 1.153 3.649 23.445 2.232 36.157 –262 6.625 2.303 67 98 4.609 5.678 232.242 31.984 243 285 9. December 2011 A 59 .426 148 415 1.108 1.026 5.353 –10 –7 117 25 –438 132 –6 147 –1 –1.519 7.179 5.162 544 382 108 11 4.046 952 3.482 102 –197 39 9 –1.896 –6 9 186 62 –1.257 2.293 –46 592 –27 22 1.594 1.210 –48 –13 26 2 6.994 580 28 36 3.503 St.593 St.435 216.138 732 –287 – 7.272 148 391 1.043 22.465 –437 –386 35 20 163 490 –225 29 8 1.637 1.790 612 – 52.) Vis-à-vis countries Dec 2009 Amounts outstanding Dec 2010 Mar 2011 Jun 2011 2009 Estimated exchange rate adjusted changes 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Loans iv) Latin America/Caribbean 188.328 –1.120 2.537 6.404 18.846 691 65 580 1.226 233 –133 45 –9 –73 61 2.934 67.884 165 34 131 –153 –22 –20 39 53 –107 –2.088 4. organisations Unallocated BIS Quarterly Review.243 5.914 445 43.625 455 1.857 24.518 672 1.342 24.854 318 633 8.331 3.426 390 2.747 418 60 75.143 3.803 12 34.647 722 2.130 211 328 1.101 2.183 561 79 2.522 1.390 3.740 471 – 69.628 1.864 10.Table 7B (cont.765 37.232 341 –217 1.423 –212 151 –3 –257 –329 118 –135 –30 –5 208 – –11 –7 –26 –66 127 –3 –30 20 165 188 10 3 –10 13 190 5 3 37 275 Mexico Nicaragua Paraguay Peru St.523 10.171 14.077 –124 –51 –60 950 178 –53 25 307 3 –55 67 –15 148 677 74 –91 11 431 182 48 5 –13 417 72 459 1 3 Dominican Republic Ecuador El Salvador Falkland Islands Grenada 2.368 14 3 –161 243 502 –10 9 –58 –231 888 –71 2 206 20 –402 6 3 –105 46 1.155 2.685 – 29.740 22.325 834 1.426 11.772 7.475 4.136 237. Lucia 52.679 6.610 38.085 543 56 22.430 220 268 8.676 383 369 – 1.239 16.107 –704 377 2.722 384 –68 – 2.483 61.911 224.155 2.020 285 43.931 422 1.035 2.718 674 35 23 2.737 200 –6.228 4.508 154 413 1.451 3.886 –8.327 –252 196 2.236 14.424 2.593 11. Saint Eustatius and Sa Brazil 25.365 –1.848 160 121 –12 – 4.847 10.448 Argentina Belize Bolivia Bonaire.583 486 3.048 –39 194 1.946 –73 1.145 1.688 340 664 8.742 1.224 2.053 937 3.987 – 23.996 15.100 37.958 –1.731 –238 –202 –167 – –2.921 24.013 4.312 6.

255.438.3 2.Table 8A: International positions by nationality of ownership of reporting banks Amounts outstanding In billions of US dollars End-June 2011 Total positions related offices Parent country of bank other banks of which: vis-à-vis non-banks CDs & securities Liab.2 1.704.1 0.3 – 3.9 1.3 0.1 110.127.1 11.0 0.2 63.2 449.6 0.6 102.6 31.8 6.042.6 1.5 13.9 15.0 1.8 1.0 5.3 3.0 28.3 41.6 – – 9.5 45.5 – 173.0 9.4 52.1 6.0 1.5 3.6 0.2 165.4 0.829.4 – 0.1 0.1 – – 7.1 13.0 3.6 110.9 1.3 178.8 371.4 1.2 104.6 53.0 4.9 14.1 35.0 36.9 0. countries 2.8 23.1 302.5 9.0 0.0 74.0 467.0 898.9 342.2 0.5 167.0 0.9 41.5 6.5 97.8 57.1 37.6 1.1 159.8 4.094.5 563.2 324.0 63.9 59.6 881.5 – 29.482.112.7 – 1.5 127.6 765.3 24.0 97.4 30.9 149.1 72.2 25.9 19.2 113.2 23.2 45.1 Japan Jersey Luxembourg Macao SAR Malaysia Mexico Netherlands Norway Panama Portugal Singapore South Africa South Korea Spain Sweden 3.0 81.7 3.6 3.4 199.543.9 0.1 232.3 54.0 – 22.3 5.0 411.156.0 780.1 54.1 0.306.5 10.3 342.9 0.3 1.9 0.6 283.2 8.5 4.2 23.3 6.205.2 1.7 169.6 0.2 204.4 4.7 5.3 1.2 619.2 132.4 461.0 759.5 10.8 145.1 – 0.6 125.6 210.0 0.839.8 79.9 4.6 Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands Chile Chinese Taipei Cyprus 504.0 13.9 0.7 – 16.186.5 728.760.9 7.6 0.453.6 1.728.6 0.3 18.7 0.6 0.1 212.0 72.6 2.3 1.6 579.0 9.0 0.8 222.6 9.2 14.8 – 8.385.5 0.126.0 120.343.4 159.4 25.0 0.6 14.0 – 0.6 326.9 0.5 21.5 23.1 91.7 9.3 83.5 822.1 10.3 1.467.0 – 0.7 16.8 8.1 5.1 6.0 97.1 30.3 58.2 0.0 34.3 268.3 52.2 20.3 1.9 0.2 2.1 46.8 1.7 2.4 31.601.3 13.3 27.7 599.0 76.6 1.9 140.6 293.0 22.7 26.8 26.3 449.4 990.8 – 82.3 116.4 22.6 517.6 143.0 304.8 53.1 11.3 137.2 318.9 51.4 2.9 14.409.7 1.1 10.3 175.2 35.5 4.0 0.0 0.022.0 14.0 7.952.8 213.4 0.1 89.9 193.7 – 0.7 86.2 1.6 683.6 67.7 156.9 1.1 10.3 6.5 113.7 12.7 0.9 84.9 609.6 24.583.7 3.2 0.7 207. 35.0 37. Assets Liab.2 313.4 0.7 0.6 3.2 1.8 850.2 1.7 145.3 5.1 4.1 202.5 5.1 7.0 4.5 222.3 2.9 103.5 77.4 45.501.8 34.6 14.0 268.6 – 2.1 58.1 2.2 11.0 4.2 126.555.6 10.0 148.5 177.3 4.8 17.3 15.5 33.0 19.7 134.0 275.0 1.9 24.6 137.663.5 137.434.3 110.5 0.7 66.8 – – 61.7 – 12.2 4.4 208. Assets Liab.4 1.2 53.6 16.9 898.8 866.193.9 1.8 55.4 3.8 0.8 0.5 2.9 842.0 0.7 1.1 27.0 0.846.0 82.7 688.0 18.3 0.7 117.1 151.0 539.0 90.438.0 13.0 – 403.497.8 0.7 2.2 232.4 1.585.1 221.7 7.4 630.6 39.4 532.047.4 17.3 – 1.0 2.8 855.5 291.6 – 0.094.6 114.8 651.1 34.8 0.2 18.193.0 0.297.7 – 3.4 10.6 71.1 1.6 0.0 0.3 297.4 0.0 54.647.0 – – 0.9 13.0 0.0 163.1 6.0 111.3 34.2 144.6 4.7 339.4 Developed Offshore centres Africa & Mid.5 934.4 – 38.4 1.625.8 2.7 12.8 24.2 177.6 354.8 8.9 39.2 34.2 33.344.3 0.7 3.3 10.5 Denmark Finland France Germany Greece Guernsey Hong Kong SAR India Ireland Isle of Man Italy 286.7 1.1 20.1 0.6 6.1 234.0 14.303.0 230.0 – 0.8 9.5 0.5 0.1 1.7 192.6 40.7 0.3 1.2 1.6 517.5 197.8 4.3 109.311.654.6 10.9 180.6 24.5 – – 11.3 – 148.1 7.3 15.6 All countries Reporting countries Unallocated A 60 BIS Quarterly Review.8 63.4 305.6 84.6 78.0 23.098.0 0.6 121.5 949.1 315.1 133.0 249.1 1.2 255.6 272.2 115.298.1 2.5 431.1 1.7 205.8 116.7 874.2 14.3 43.7 7.3 24.819.1 0.5 12.3 9.4 649.2 0.5 7.7 179.8 70.9 2.7 107.7 12.2 56.7 Switzerland Turkey United Kingdom United States Unallocated Non-rep.7 Latin America Consortium Banks 34.5 46.0 105.2 6.0 0.4 1.8 709.7 359.8 958.4 34.5 2.290.2 38.1 72.852.3 11.7 44.8 2.1 0.5 96.0 0.4 53.3 69.8 250.0 1.289.5 92.2 – 24.3 0.7 46.8 21.5 1. December 2011 .0 372.1 – 4.4 0.0 16.9 0.0 4.6 65.1 1.7 399.8 4.1 798.8 0. official monetary authorities Assets Liab.2 – 0.8 0.7 176.3 0.6 161.4 0.7 61.1 184.1 185.8 33. Assets Liab.6 229.9 31.2 9.2 96.8 182. Assets Liab.548.7 72.8 13.0 0.1 0.8 6.4 1.5 82.2 49.1 12.3 1.1 0.272.4 133.259.7 4.2 57.3 386.8 468.7 – 23.5 405.888.5 3.5 71.7 502.1 2.1 95.6 164.0 – 2.9 341.0 8.4 9.2 28.6 35.2 30.9 0.1 1.2 80.816.1 494.5 110.5 1.3 0.2 10.4 16.8 10.0 12.0 – 0.071.3 564.1 30.8 21.1 2.5 0.7 354.876. East Asia & Pacific Europe 8.0 35.6 0.

9 51.1 – – 10.5 Latin America Consortium Banks 29.1 840.812.5 – 32.3 45.4 1.6 9.3 534.594.4 476.4 0.3 202.8 22.7 1.6 20.071.0 – 1.7 86.9 – 0.7 90.6 5.3 9.3 45.933.4 46.7 1.8 4.9 295.1 140.4 150.8 4.0 33.2 721.6 212.7 426.6 13.6 166.0 398.1 41.2 34.3 129.9 0.652.2 4.0 287.6 26.287.3 – 3.9 0.3 23.0 166.0 – 0.2 0.6 59.4 2.4 0.0 265.2 1.1 943.2 – 0.1 749.6 33.1 225.5 126.5 21.6 5.6 2.9 85.6 0.0 241.7 1.1 0.3 37.1 2.187.5 99.0 – – 64.4 9.8 0.0 0.7 159.2 21.9 45.2 0.7 8.6 17.0 28.104.5 0.1 – 15.4 168.2 112.953. Assets Liab.6 29.1 2.2 0.1 529.0 0.9 1.0 1.8 177.4 1.6 2.565.6 9.7 – 35.0 55.5 606.943.8 0.7 496.2 0.1 1.9 14.0 121.4 122.2 157.2 9.061.9 49.139.5 117.4 34.5 261.1 – 391.7 1.8 0.1 101.6 1.6 0.0 110.0 0.3 1.8 4.5 2.0 9.1 77.0 809.4 8.0 – 0.2 815.7 590. Assets Liab.4 808.8 477.1 229.0 – 0.2 All countries Reporting countries Unallocated BIS Quarterly Review.555.1 107.9 5.4 20.1 0.5 0.0 464.8 4.0 4.2 4.1 1.9 200.2 14.8 1.0 16.0 0.2 136.8 131.0 47.426.213.9 9.6 602.3 64.1 35.4 – 40.8 96.255.0 Developed Offshore centres Africa & Mid.9 30.5 373.5 87.5 10.8 49.180.8 5.5 Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands Chile Chinese Taipei Cyprus 464.7 0.8 5.9 18.1 1.8 18.3 198.7 0.1 1.4 464.9 5.4 7.7 94.2 26.185.4 772.7 1.3 0.1 5.9 75.3 4.398.8 135.7 46.2 167.9 322.0 27.8 16.0 – 0.9 2.5 106.8 1.8 6.7 88.2 198. East Asia & Pacific Europe 7.7 110.6 30.9 119.0 11.6 6.0 4.1 2.4 324.7 66.319.9 55.2 1.5 13.3 0.7 0.9 155.1 11.9 35.2 10.8 24.9 875.5 7.8 29.3 50.0 167.0 4.4 0.8 175.3 1.4 176.6 276.7 399.4 0.8 10.3 2.7 222.1 1.6 6.0 – – 0.4 12.3 Switzerland Turkey United Kingdom United States Unallocated Non-rep.7 279.4 13.8 7.1 0.4 25.064.801.0 17. December 2011 A 61 .2 58.3 509.590.6 9.8 105.0 – – 10.2 190.8 0.7 14.9 – 0.865.0 – 46.9 2.0 3.2 6.5 0.3 328.0 – 34.2 154.9 1.2 53.0 756.8 6.5 – 72.1 76.7 120.0 0.3 641. 35.1 14.7 0.284.9 187.9 1.9 74.4 0.3 3.2 1.4 541.3 10.4 44.6 0.4 327.8 22.4 11.9 157.8 28.2 31.7 342.5 55.6 627.1 6.2 0.4 – 17.9 118.5 121.088.2 718.2 36.7 23.1 2.8 128.0 11.2 186.2 1.7 14.5 1.839.438.1 31.8 1.1 956.3 1.9 71.1 56.3 0.4 138.9 141.3 994.5 48.516.1 29.5 – 144.0 15.8 3.2 168.6 0.0 0.236.1 3.3 0.2 119.4 Denmark Finland France Germany Greece Guernsey Hong Kong SAR India Ireland Isle of Man Italy 303.6 9.6 202.7 2.3 – 0.982.0 0.1 0.5 157.3 225.2 Japan Jersey Luxembourg Macao SAR Malaysia Mexico Netherlands Norway Panama Portugal Singapore South Africa South Korea Spain Sweden 3.0 85.3 53.748.5 381.849.2 9.4 229.822.5 0.3 107.001.151.7 16.9 13.6 2.3 13.5 12.1 2.7 35.0 6.5 637.4 15.7 261.8 0.7 13.7 3.5 569.0 10.029.6 55.8 1.4 34.8 371.7 243.9 6.0 0.5 885.6 0.7 7.5 73.0 70.7 331.6 7.9 186.312.2 67.6 – 8.217.3 341.0 12.1 77.7 15.6 1.7 478.8 109.9 – 2.1 3.0 1.1 36.6 103.6 0.1 0.2 167.3 0.5 6.5 2.1 16.4 3. Assets Liab.0 23.Table 8A: International positions by nationality of ownership of reporting banks Amounts outstanding In billions of US dollars End-March 2011 Total positions related offices Parent country of bank other banks of which: vis-à-vis non-banks CDs & securities Liab.178.7 29.4 264.8 42.7 32.5 13.1 214.014.0 119.4 77.7 643.1 – 0.3 – 2.1 738.4 0.6 0.9 86.3 14.7 2.8 46.4 4.3 201.2 0.8 80.1 8.2 1.4 204.0 212.1 18.3 22.7 165.3 159.5 1.304.919.8 10.9 10.2 11.6 – 5.0 1.4 235. countries 2.4 7.333.9 14.5 54.6 17.0 6.1 6.8 6.9 186.0 0.4 0.4 110.0 16.6 11.7 – 3.8 49.5 140.1 0.4 149.9 327.8 370.1 67.284.3 – 0.0 26.6 4.2 300.1 172.4 25.0 491.1 57.1 0.2 445.6 – 24.9 1.9 18.7 41.083.5 43.8 14.2 50.1 183.9 1.3 1.2 4.0 0.6 74.3 61.6 0.9 24.9 1.0 274. Assets Liab.8 330.2 – 170.354.8 67.5 223.4 445.4 0.2 1.418.6 126.8 0.6 0.0 2.8 128.855.9 76.9 931.506.0 860.1 0.660.6 74.395.9 3.5 14.9 292.241.2 77.2 72.0 237.2 40.0 0.3 1.5 29.0 36.6 4.427.0 0.2 15.4 41.519.5 1.0 0.826.2 13.3 0.6 – 0.8 692.4 – 84.8 – 0.4 102. official monetary authorities Assets Liab.2 3.9 67.0 119.267.4 72.0 6.8 99.0 347.8 15.5 13.1 1.6 24.6 1.0 164.0 2.9 0.1 – 6.2 3.2 367.4 0.2 58.9 13.1 624.4 0.380.1 847.6 145.5 0.

2 0.1 –0.2 18.1 0.3 38.0 –0.2 0.2 116.1 0.1 –2.6 0.0 0.5 –0.2 –0.1 13.0 –4.0 0.9 40.8 36.3 – 0.3 2.9 0.0 –0.9 8.7 –119.3 15.3 –14.2 –385.6 0.2 –1.0 –0.4 –16.0 0.2 –2.9 19.9 –3.3 11.0 16.0 0.2 –1.6 –0. All countries Reporting countries –33.8 0.0 – – –0.2 –23.9 0.9 –70.2 11.3 3.5 –5.6 – –1.4 43.0 4.0 0.9 –2.4 3.0 29.0 –1.2 9.2 7.2 –15.7 0.0 –0.0 –0.0 –4.1 –0.8 1.0 – 0.7 1.5 –0.8 0.0 –13.6 Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands Chile Chinese Taipei Cyprus 34.7 –0.2 –2.Table 8B: International positions by nationality of ownership of reporting banks Estimated exchange rate adjusted changes In billions of US dollars 2011 Q2 Total positions related offices Parent country of bank Assets Liab.3 24.8 30.9 15.8 15.6 16.3 11.5 – –3.2 –10.0 –15.4 –0.9 –172.6 –3.4 19. Assets Liab.4 –6.0 – –0.3 –1.9 –2.9 0.4 12.0 –0.0 –10.7 4.1 –7.9 10.5 10.7 0.3 1.1 –34.4 7.8 9.5 4.9 –35.3 11.3 8.0 0.5 0.3 – – –0.4 –118.4 –3.0 –40.5 –102.1 –4.7 14.2 1.0 0.6 –0.9 –2.5 0.9 –1.6 5.4 –0.0 –1.4 –5.9 –1.6 –30.1 –0.0 –5.5 – 0.4 –3.0 –10.1 2.6 0.4 0.6 –9.6 –0.4 –3.2 –0.2 –0.0 –17.5 58.3 Developed Offshore centres Africa & Mid.0 29.8 0.8 – –0.3 18.8 –3.1 –3.6 8.4 69.4 –1.2 –0.3 3.7 –17.4 – – –3.9 –14.2 2.3 –0.4 –1.6 –1.0 7.0 3.6 –0.9 11.1 37.0 17.8 0.2 12.9 3.6 15.4 –0.2 –0.0 1.4 –0.0 –1.6 1.0 – 0.6 2.2 0.0 –16.3 7.3 0.2 3.3 –1.5 –0.6 3.3 0.6 –0.1 0.1 0.9 –2.3 –0.4 –0.8 – – 0.9 10.0 1.7 –3.2 7.9 0.0 3.1 97.8 –24.6 –5.3 0.6 –0. CDs & securities Liab.7 4.0 1.5 58.1 0.6 –27.4 2.8 –0.0 –41.9 –4.2 16.6 18.2 13.1 –10.7 –9. Assets Liab.8 –10.9 0.1 2.9 10.0 –0.0 –0.0 –0.1 –12.0 –0.1 14.6 3.3 23.8 32.0 0.3 –3.0 2.7 –0.0 0.3 – 0.6 13.1 1.1 2.1 25.4 –3.8 –0.2 1.1 8.8 –3.1 0.8 9.2 1.0 7.6 0.3 –3.6 1.9 0.4 9.7 –0.8 127.0 – 0.0 –0.1 –1. official monetary authorities Assets Liab.0 –10.4 0.6 –1.4 3.9 32.9 0.5 –0.0 –7.2 0.5 – –0.0 9.3 –4.3 –1.3 26.6 0.1 –0.0 –0.0 –1.2 1.5 0.0 9.4 –11.3 –11.1 Denmark Finland France Germany Greece Guernsey Hong Kong SAR India Ireland Isle of Man Italy –20.9 1.6 2.7 0.7 0.8 4.0 – –4.2 0.6 –0.7 4.9 7.1 – –1.1 0.9 –9.6 Switzerland Turkey United Kingdom United States Unallocated Non-rep.3 –19.3 5.0 –0.6 28.4 0.6 10.7 29.0 0.4 80.2 –0.1 –0.8 113.4 –32.4 8.1 –1.0 – – –2.3 –25.0 – –0.6 76.7 3.3 –75.1 0.7 – –23.2 31.2 Unallocated A 62 BIS Quarterly Review.0 6.6 –0.6 27.5 –8.9 –70.0 0.0 1.8 8.1 0.6 – –5.1 –1.1 0.8 –0.7 0.7 – –2.0 –1.2 1.1 – 0.0 0.0 –6.7 –15.3 1.2 18.5 –22.0 19.0 –0.3 –0.0 0.0 –4.1 – 8.6 1.0 – 0.0 –0. other banks Assets of which: vis-à-vis non-banks Liab.6 0.8 –10.3 Latin America Consortium Banks 5.0 – –1.8 –1.9 21.2 –1.6 15.6 1.8 –0.4 2.5 0.9 0.0 5.2 1.1 0.0 1. countries 97.0 –0.8 10.4 –1.7 0.2 –0.7 15.7 4.7 183.2 8.0 0.0 7.0 0.8 –2.4 –0.1 15.0 0.0 –4.2 11.7 –9.1 10.9 0.2 –1.0 28.9 –15.6 –373.2 –12.8 0.3 –4.9 –8.1 –224.7 –33.0 9.9 3.1 –4.2 –82.0 – 0.1 – 4.0 11.2 – –0.0 6.1 5.1 –0.4 –75.5 –0.3 –25.0 –0.1 – 1.6 0.1 87.2 –0.0 2.6 1.7 0. East Asia & Pacific Europe 0.0 14.0 –0.0 – 3.0 –13.6 39.4 –19.3 –1.0 1.0 0.6 –5.2 –4.5 5.3 –7.2 – –27.4 –4.2 –62.5 0.1 – 6.3 –0.1 0.8 –0.0 –1.1 –0.3 –0.2 6.3 –100.5 –10.4 3.3 56.4 1.9 –1.4 0.7 19.1 27.7 0.9 –0.5 1.3 –16.5 2.3 15.5 2.5 –0.8 7.3 11.9 – –0.4 Japan Jersey Luxembourg Macao SAR Malaysia Mexico Netherlands Norway Panama Portugal Singapore South Africa South Korea Spain Sweden –22.4 0.7 19.0 –0.5 18.2 3.9 0.5 – – –1.6 0.4 –3.4 3.0 7.2 –0. December 2011 .1 –6.2 2.8 –1.0 –5.8 –7.3 3.2 0.7 0.9 11.0 14.3 3.5 1.0 – –2.5 – 2.7 0.3 10.5 0.6 –0.0 9.1 –0.4 –0.6 –3.1 –0.0 5.5 5.0 3.3 38.1 28.6 –18.2 1.6 – 0.8 –1.4 0.0 – 0.0 –0.1 –1.4 4.6 28.2 0.8 –160.0 42.0 192.2 –35.6 4.3 –271.9 –0.5 –1.5 24.4 –28.3 0.1 –1.2 –0.4 –241.3 43.1 2.9 –0.5 – –0.2 1.5 0.0 –0.

1 –0.5 2.1 –0.9 –7.6 – – –2.0 6.2 16.3 – –0.9 173.9 17.0 41.1 28.0 – –1.0 –36.5 –32.4 –2.2 0.3 0.8 –1.6 –0.0 7.0 – –0.9 –1.1 0.9 0.9 155.1 16.0 1.0 Denmark Finland France Germany Greece Guernsey Hong Kong SAR India Ireland Isle of Man Italy 6.9 185.4 – 1.3 9.7 18.5 –37.4 0.3 2.7 444.9 18.1 –73.8 13.3 –2.0 2.8 –4.2 – 0.4 Developed Offshore centres Africa & Mid.1 – 7.3 –0.9 – 0.4 –0.1 4.4 28.0 40.3 1.1 – – – 1.2 3.7 –0.2 –1.0 –29.0 83.6 0.1 0.1 –7.0 –1.2 –1.6 –90.1 116.0 –6.1 0.0 8.0 –44.0 5.5 – – 0.1 16.6 24.6 3.4 1.0 0.3 1.1 –46.5 –5.6 3. official monetary authorities Assets Liab.4 9.4 –138.7 –3.1 254.0 40.1 0.7 0.1 0.7 6.4 –0.6 –4.1 –2.8 3.3 36.0 –0.3 3.5 24.3 –9. countries –124.0 1.7 127.2 –2.2 9.1 11.0 3.0 –0.2 –2.6 –168.8 11.0 – 0. December 2011 A 63 .0 20.5 –7.1 –0.8 –44.8 –0.0 4.7 0.2 –2.2 – – –0.0 0.6 – –0.3 7.1 26.5 8.3 0.8 101.5 16.9 –0.3 –0.6 –0.4 –83.3 7.3 5.9 0.8 1.5 –11.0 33.7 23.6 3.3 690.0 –14.0 1.9 –34.0 1.3 –0.8 0.1 1.3 –0.0 –54.0 4.7 –1.5 Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands Chile Chinese Taipei Cyprus 3.3 0.1 4.4 – – 0.3 71.1 0.5 4.8 –31.5 17.2 –0.6 18.4 0.9 –44.6 –0.9 6.7 30.6 18.2 2.0 – 4.4 – 5.5 –29.0 –2.0 7.1 –64.6 7.5 2.0 –0.6 –4.9 3.1 –0.0 –0.1 –7.2 0.0 7.7 – 0.1 1.8 1.1 – – 0.4 37.9 2.4 –1.2 –0.8 – 1. CDs & securities Liab.4 –0.7 –0.2 –3.0 –0.4 1.0 22.8 6.6 –4.5 –0.2 25.6 0.2 33.0 – 21.3 –0.4 77.9 0.2 –1.8 8.6 2.5 1.8 –0.3 –2.7 5.2 –1.5 8.1 0.0 1.8 0.5 31.5 –5.4 124.3 0.2 –1.9 2.2 –0.3 1.6 –12.8 298.3 17.7 –0.7 5.6 0.4 211.1 33.2 26.0 2.0 36.1 – –1.2 –0.3 –2.7 –0.0 –0.9 658.9 –2.4 – 9.5 Switzerland Turkey United Kingdom United States Unallocated Non-rep.8 464.5 – 0.6 –0.2 92.3 –14.0 0.1 38.6 1.9 –0.2 15.3 –1.1 0.0 0.7 1.2 –0.2 7.7 –178.1 0.0 14.1 – 7.6 22.0 –0.0 0.9 – –1.Table 8B: International positions by nationality of ownership of reporting banks Estimated exchange rate adjusted changes In billions of US dollars 2011 Q1 Total positions related offices Parent country of bank Assets Liab.1 –0.0 14.0 – –2.4 11.2 48.9 157.0 – –0.7 4.0 0.2 62.8 60.2 6.5 –1.6 29.9 30.4 0.5 183.0 59.7 – 21.4 –3.3 1.0 1.5 3.4 16.4 9.5 –26.8 42.3 –0.1 9.6 2.0 –7.0 0.0 11.5 –0.9 4.1 –88.5 – –2.2 –1.8 –51.7 –0.2 –0.3 –0.3 0.0 33.9 322.6 12.4 27.6 – – –0.3 9.1 –4.5 1.6 –0.2 0.2 0.7 – –0.4 –0.9 –1.3 0.6 4.3 –3.4 64.8 –2.6 3.1 0.4 0.3 –0.0 0.0 –1.6 –2.3 –0.6 –0.0 2.0 –0.0 65.0 –1.3 – 37.1 86.7 2.2 2.2 0.0 1.3 135.2 10.3 – 5.0 Latin America Consortium Banks 0.8 0.0 –0.0 –1.0 2.9 –0.9 22.4 5.7 –0.6 –0.7 –0.3 27.1 –3.4 –0.5 50.0 68.6 –41.5 –0.3 –4.0 44.6 0.2 –1.3 –26.0 54.0 2.4 5.6 3.7 –24.0 –1.7 0.5 1.6 – –0.2 –2.7 62.0 – – –5.4 0.9 –29.6 0.2 1.0 80.0 7.4 15.0 0.8 20.0 46.1 0.3 14. other banks Assets of which: vis-à-vis non-banks Liab.8 –1.2 –52.9 –0.3 –8.5 0.7 – –0.7 1.8 –1.0 1.1 –2.0 11.9 117.9 21.3 0.6 –2.8 –0.8 –0.0 –2.1 –3.4 – 0.8 –12.0 0.0 0.4 15.0 – –16.6 76.1 –1.9 0.6 30.9 1.0 2.5 –0.6 3.2 0.7 1.4 4.5 – 2.0 15.1 0.8 –5.5 1.3 –0.9 27.4 – 1.1 20.8 –1.4 4.6 –0.7 0.0 26.1 –0.6 –1. East Asia & Pacific Europe –1.2 –4.2 1.7 1.1 2.1 –2.0 –1.5 3.0 –0.8 1. Assets Liab.0 –1.3 0.1 0.1 40.0 –0.4 – –0.2 9.3 – 13.2 0.5 4.6 –4.7 0.7 1.7 –6.3 0.6 8.7 0.0 0.4 –26.6 – 5.3 –1.2 –1.5 –3.0 –0.8 1.1 107.2 – –0.6 103.4 103. All countries Reporting countries 501.3 5.4 0.3 0.0 1.3 4. Assets Liab.7 –121.6 0.7 –23.2 468.3 –14.6 – 1.7 1.2 31.1 –31.8 –0.6 –0.0 –4.6 –3.8 –0.3 – 6.3 – –7.3 72.6 5.2 197.4 0.4 2.2 –7.6 0.5 Japan Jersey Luxembourg Macao SAR Malaysia Mexico Netherlands Norway Panama Portugal Singapore South Africa South Korea Spain Sweden Unallocated BIS Quarterly Review.9 –1.3 6.1 –0.2 –0.4 8.5 –0.4 –4.3 –1.1 –0.9 28.4 –21.2 –1.1 –0.3 –0.

715 .083.623 58.007 24.363 1.300 Slovenia Spain Sweden Switzerland United Kingdom 40.888 16.492 402. 118.674 1.288 19.810 1.151 5.402 72.635 136 20.761.082 520.152.022 73.972 Consolidated cross-border claims in all currencies and local claims in non-local currencies Maturities Sectors Total Over two Banks Public Sector Up to and Over one year international including one up to two years claims year years A B C D F G 21.682 4.511 120.951 387.710 259.554 11.168 3.707.518 133 14 .382 46.105 227 6 – 4.027 143 – 655 Aruba Bahamas Bahrain Barbados Bermuda A 64 BIS Quarterly Review.457 362.421 335.408 8.827 6.192 1.548 55.773 1.796 8.892 717.599 239.944.474.905 1.746 15 1.178 1.616..898 4.253 1.492 7.414 31..219 588.969 18.275.766 8.633 31.989 4.066 7.309 121.205.515 95.605 Malta Netherlands Norway Portugal Slovakia 23.988 2..833 Estonia Finland France Germany Greece 21.509 5.316 8.790 358.179.700 889.848.509 157.718 1.414 511 56.202 184.596 4.316 .805 1.232 50.075 464.426 564.662 Australia Canada Japan New Zealand United States 693.454 7 Jersey Lebanon Macau SAR Mauritius Netherlands Antilles 122.413 58.465 41.941 2.199 230.512 543.012 162.300 10 92.269 25.931 17.397 3 13.095 8.545 43.596 186 79 25.812 1.933 382.332 .490 1.463.091 425.603 87.733.942 1.028 512.166.624.540 830 150 148.295 307.036 46.245 3.152 298.752 13.741 101.344 2.512 687 1.015 13.954 1.390 171 7 1.963 2.119 251.142 7.331 182.302 1.081.061 .844 247.441 224 24.002 1.555.953 1.632 925 10.662 74.506 11.084 7 18..060 3.821 49 1.391 13.839 3.096 3.150 249.146.090 614.276 3.706 6..304 52.427 1.335 62.633 6.032 77.623 21.119 34.246 39.344 18.569 395.150 321.136 289.949 25.158 42.998 1.793 4.609 2.015 16.165 635.465 16.640 923.617.398 17.237 3.492 61.389 1.134 176 1.068 551 33.119.230 Austria Andorra Belgium Cyprus Denmark 307.979 156.611 8.039 188 6.446 322 3.150 2.231 11.409 35.743 846.232 677.085 257.808 984 122 862 277 592 406 Cayman Islands 948.614 5.571.946 348.315 10.958.066 9.677 250 75.107 187.561 33.473 .991 52.636 511.765.097 5..233.669 527.007.624 1.883 1.300 68.103 31.899 11.568 3.871 15.254 5.250 Offshore centres 2.088 147.569 229.489 1.897 65.395 49.537 47 16.802 315.919 1.242 1.112 121.235 15.522.837 8.237 162.692 691.232 46.858 1.421 359 35.933 113.277 3.560 677 45. 45.706 27.487.635 22.770 3.738 53.186 5.935 3.190 245.133 3.274 7.568 473.972 70.640 6.399 119.Table 9A: Consolidated claims of reporting banks .169 2.883 38.405 736.140 14.399 207.107.275 793 7.405 7.131 152.673 28...968 10.679 155.558 351.580 36.411 1.624.307 28.immediate borrower basis On individual countries by maturity and sector / Amounts outstanding In millions of US dollars End-June 2011 Claims vis-à-vis All countries Developed countries Europe Total foreign claims on a contractual basis A+L 32.796 5.009 181.585 7.025 11.201 39.632 13.204 839.595 229.334 2.025.049 161..832 38.723 15. 726 1.628 748.210 15 547 – 57 – 440 – 395 14 58 Vatican Other Other developed countries 8.236 181 63 105.440 563.178 24.734 3.533 245.445 15 1.418 77.986 31.861 77.316 361.161 2.034 284 3.801 3.152 227.850 249.767 2.818 103.298 549.048.391 26.494 286.437 8.665 14.778 62.993 48.719 6.744 328.452 213 8.294 3.631 2. 38.947 4.782 .135 653.359 104.438 6.676 2.607 1.637 640.137 558.299 2.409 6.255 2.052 8.557 181..973.164 913 453 149.236.336 Curacao Gibraltar Guernsey Hong Kong SAR Isle of Man 8.080 15 8 6.990 955 88.390 650.521 75. December 2011 .561 238.032 1.881 201 25.358 106..487.517 1.716 999.030.504 285.958.465 213.023.724 96.189 113.031 73.185 Iceland Ireland Italy Liechtenstein Luxembourg 11.438 4.696 15.635..118 284 74. Panama Samoa Singapore Sint Maarten Vanuatu West Indies UK 93.495 75.284 4.714 132.234 1.564.005 365.823 375.892 15.062.872 28.251 286.453 17.572 1.020 205 16.923 126.213.632 1.169 1..892 1.231 86.416 5.384 7.572 21.451 38.471 1.754.494 3.350 8.296 342. 10.486 1..525 990 13. 5.777 1.734 942.

December 2011 Net risk transfers End-June 2011 Claims vis-à-vis All countries Developed countries Europe Vatican Other Other developed countries Aruba Bahamas Bahrain Barbados Bermuda A 65 .193 114.672 –504 –5.976 228.031 34.946 –87 –3.557 79.597 230 1.201 16.843 5.624 83 303 1.755 152. 4.000 –12.310 4.052.037.466 149.383 –44.229 3.406 6.835 365.083 1.499 2.438 13.355 3.276.091.883 458.182 330.580 27.664 –6.165 3.927 106.773 52.508 192.878 577.243 556.474 Total foreign claims on an ultimate risk basis R(=A+L+Q) 32.166 9.367 334.885 40.039.196 8.486 –9.297 6.688 7.643 2.417 Cayman Islands 6.032 6.309.017 630.641 5..761 1.068 244.771 11.921 37.033.310 239.269 –3.891 3.564 304.119 1.788 189..066 1 128. Jersey Lebanon Macau SAR Mauritius Netherlands Antilles 81.671 349.733 117.361 22 2.925 2.625 1.947 8.176 526 –2.448 –92 –23.170 –514 311.315 199 101.994 Iceland Ireland Italy Liechtenstein Luxembourg 10.570 Curacao Gibraltar Guernsey Hong Kong SAR Isle of Man 105.757 3.715 891.978 5.978 159.359 6.114.420 –130.913 181.359.048.823 158.134 1.140 27.722 15.900 920 432 96.017 70.896 50.264 7 –21 –52.327.008 849.521 219.874 516 144 140.608 114.244 19.699 41.577 103 262 1..303 56.947 1.289 1.533 Q –576.758 .032 9.972 57.519 121.564 58.980 –575. –3.511 –4.712 3 1.992 1.455 – 4.622 48.867 144.145 5..510.886 2.539.623 Offshore centres 903 28.623.122 – 60.369 61.201 540.590.103 27.221 2.288 305.412 269..280 Estonia Finland France Germany Greece 5.416 –45.600 –2.956 2.786 1.065 64.482 27.272 .608.657 673.550.079 –922 –78.041.485 17.517.366 –674 –4.418 96.501 35..892 593.414 –178 –105.) Sectors Non-bank private sector Local currency positions of reporting banks' foreign offices with local residents Claims Liabilities H 9.129 19.437 96.738 Slovenia Spain Sweden Switzerland United Kingdom 1 741 – 235 – 254 – 180 15 1.202 18.339 –34..136. 16.590 Australia Canada Japan New Zealand United States 1.742 70.Table 9A (cont.404 9.539 408.903 26.721 2.584 219.677 –122 –854 78.332 –3.343 –20.009 21.144 15 2.351 L 11.337 4 168..506.596 6.317 645.201 .054 571.073 15.021 73.242 3.348 10.066 266.245 7.892 406.771 106.800 1.823 4.380.760 24.877 M 8.150 141.961 80.941 5.463 554.397 –67 –89.386 .766.019 2.132 33.143 135.041 4.870 22.524 7.255 5.687 944 .816 107.583 –303.021.250 284.572 384.797 23.662.271.804 5.285 8.358 42.347 6.484 340.195 80.467 –6.988 174.765 1.082 160.486 1.352 – 4.254 879.333 28.446 4..512 11.780 8.132 13 89.480 8.081 Austria Andorra Belgium Cyprus Denmark 2.470 – 261.513 71.295 106.201 327.970. 118.246 –5.452 94.880 3.088.573 319 1.691 53.966 190.570 550.307 108.983 1 269.319 3.173 1.223.820 7.447 1.558 3.512 56.882.936 11.881 6.690 310.539 448.204 –163 –1.374 457.497 254 145.342 12.921 222.038 6.128 22.981 Panama Samoa Singapore Sint Maarten Vanuatu West Indies UK BIS Quarterly Review.963 113.644 Malta Netherlands Norway Portugal Slovakia 11..280 605.803 77.288 21.

479 941 442 2.881 9.941 25 737 458 143 849 881 3.527 33 20.436 1.101 16.327 – 484 149 149 123 – 19 13 19 Sierra Leone Somalia South Africa St.548 32 220 346 478 1.286 531 6 13.461 15 15.558 – 251 91 – 1.062 4 21 13 – 26.274 699 976 3.763 275 156 78 79 767 105 16 67 68 4.921 233 19 91 266 511 127 2 8 100 476 5 6 101 236 710 79 16 1 225 396 17 1 9 31 438 17 Egypt Equatorial Guinea Eritrea Ethiopia Gabon 43.050 209 1.024 996 7.411 952.968 93 5 4.403 3 – – 791 Gambia Ghana Guinea Guinea-Bissau Iran 167 6.232 828 36 37 13 553 531 33 11 8 291 23 – 4 12 356 205 3 17 14 65 438 – 6 – 264 138 – – Comoros Islands Congo Congo Democratic Republic Côte d’Ivoire Djibouti 28 348 607 3.202 531 1.276 439.598 69 716 555 1.034 23 1.407 3.896 Algeria Angola Benin Botswana Burkina Faso 9.565 614 9 462 957 20.621 21.045 40 9 462 917 12.989 500.158 4.324 210.373 108 59 52.578 5 – 21 31 5.699 44 1.729 371 335 392 8.992 5 942 55 100 35.815 150 1 7.726 54 58.184 1.967 5 942 20 – 16.028 56 62.353 336 6 13. December 2011 .406 266 50 4.937 693 13.801 Rwanda Sao Tomé and Principe Saudi Arabia Senegal Seychelles 108 59 60.302 4.780 94 – 172 Iraq Israel Jordan Kenya Kuwait 1.635 2.144 2.801 233 25 211 604 1.572 64 216 58 – 1 156 13 55 – – – 4 – Mali Mauritania Morocco Mozambique Namibia 445 392 29.198 329 211 64 – 22.475 145 5.199 531 360 118 – 7.591 1.118 – 624 – 27 2.214 210.150 1.675 61.141 – 17 35 73 11.670 92 5 92 100 134.) End-June 2011 Claims vis-à-vis Developing countries Africa & Middle East Total foreign claims on a contractual basis A+L 5.437 19 189 16 Burundi Cameroon Cape Verde Central African Republic Chad 38 3.442 21 3.468 1.144 11 – – 16 4.211 76 3.725 11.851 537 3.477 8.695.392 5 256 – – 11.146 1.Table 9A (Cont.758 1.699 156 4.128 346 71 Niger Nigeria Oman Palestinian Territory Qatar 157 9.120 824 172 187 208 2.213 14.012 2.441 Lesotho Liberia Libya Madagascar Malawi 7 36.346 38.068 8.155 74 13 34.125 17 9 382 236 1.920 3.722 2.558 36 75 38 1.599 5.805 153 8.815 27. Helena Sudan Swaziland A 66 BIS Quarterly Review.138 2.369 118 7 36.560 167.414 17 – 59 613 4.019 2.921 1.052 9.734 674.801 18 445 939 21 8.469 12 26.198 37 370 145 228 483 – 9 64 800 4.993 111.230.492 4 1.355 – 194 29 9 9.067 1.409 1 1.881 – – 662 444 40 22 46 16.267 371 175 241 2.286 437 119 47 7 2.005.973 5 356 53 – 8.275 2 642 640 3 10.100 4.587 22 47 7 549 2.995 63 3 – 19 4.669.595 1.240 86 5 18 1 2.498 Consolidated cross-border claims in all currencies and local claims in non-local currencies Maturities Sectors Total Up to and Over one year Over two Banks Public Sector international including one up to two years claims year years A B C D F G 3.

961 627 – – 180 –1.462 – 124 – 11.570 23 739 116 – – –79 70 BIS Quarterly Review.086 56 62.955 –27.100 9.090 167 5.942 – –779 145 9.695 – – 271 – –2.520 574 – – 40 22.691 – –10 –44 –215 –234 –40 18 304 392 3.900 262.447 4.036 11 1.143 235.572 338 Mali Mauritania Morocco Mozambique Namibia 114 4.567 193 Comoros Islands Congo Congo Democratic Republic Côte d’Ivoire Djibouti 11.011 906 415 814 –10 –1.360 1.517 1.475 6.026 Total foreign claims on an ultimate risk basis R(=A+L+Q) 5.609 83 10.363 730 – 38 – 2.235 3.284 M 1.679.217 190 6 5.693 1.169 –20 –1 –303 –270 42.917 – –123 –9 –2.101 1.247 218 1.697 836 296 110 – 21.100 3.450 4.083 200 3 137 3 1.966 375 342 63 – 3 – 1.156 – – –7.132 218 – – 901 1.627 527 7 9.258 1.422 18 –203 363 100 132.657 2.442 Iraq Israel Jordan Kenya Kuwait 7 35.880 – – 211 6 1.Table 9A (Cont.779 647.711 – –302 1. December 2011 Net risk transfers End-June 2011 Claims vis-à-vis Developing countries Africa & Middle East Egypt Equatorial Guinea Eritrea Ethiopia Gabon Gambia Ghana Guinea Guinea-Bissau Iran Sierra Leone Somalia South Africa St.482 Rwanda Sao Tomé and Principe Saudi Arabia Senegal Seychelles 26 91 15.827 L 2.560 494 –10 –24 7.029 163 – – – –659 –4 1 –4. Helena Sudan Swaziland A 67 .013 Q –114.462 194 5.253 1.148 – – 8.203 644 –641 –1.434 583 5.439.302 2 4.259 38 Lesotho Liberia Libya Madagascar Malawi 132 184 3.448 85 –110 –80 7 28.523 1.553 580 – – 139 –74 –90 –1 –6 177 3.079 7 103 –29 9.043 203.933 195 – – 69 2.326 1.378 1.109 Algeria Angola Benin Botswana Burkina Faso 24 907 253 37 34 – 2.783 2 3.396 594 8 159 687 148 2.472 1.718 8.240 8.404 613 7 2.468 35 69 Burundi Cameroon Cape Verde Central African Republic Chad 9 201 349 1.853 –12 –625 –1.162 2.696 –43 –891 98 35 68.708.009 – – 8 – 1.045 853 2.132 83 3.805 25.487 25 9 462 108 23.321 18 33.888 1.288 –157 –33 322 383 27.754 616 1.014 4.330 – 1.224 5 264 37 – 99.799 17.240 28 479 534 7.) Sectors Non-bank private sector Local currency positions of reporting banks' foreign offices with local residents Claims Liabilities H 1.491 954 – 2.554.025 – – 71 – 100.640 4 1.026 Niger Nigeria Oman Palestinian Territory Qatar 44 39 25.521 1.616 3.

186 1.441 – 77 385 16.162 387 3.223 87 49 1.020 1.983 – 1.609 40 36.557 373 164 140 302 958 177 14 197 27 1.597 914 – – 33 17.655 343 49.230 460 13 80 80 769 9 88 412 226 1.924 60 2.432 3 139.245 437 2.356 87 15 246 1.207 186.476 4 223.477 35 – – – 1.475 231 5.) End-June 2011 Claims vis-à-vis Syria Tanzania Togo Tunisia Uganda Total foreign claims on a contractual basis A+L Consolidated cross-border claims in all currencies and local claims in non-local currencies Maturities Sectors Total Up to and Over one year Over two Banks Public Sector international including one up to two years claims year years A B C D F G 585 2.574 Sri Lanka Tajikistan Thailand Timor Leste Tonga 6.367 3 79 3.265 82.558 41 297 763 135.162 4 17.847 22.655 – – 11 580 288 83 British Overseas Territories Brunei Cambodia China Chinese Taipei 437 4.943 7 1.566 2.440 4 – 69 29 1.788 – 198 428 155.437 1.055 351 87 13 – 39.223 176 373.780 – – 1.105.165 59.301 9 548 253 505 37.777 32.117 45 – 94 225 10.888 – 26 1.239 49.111 399 516.655 – 95.286 1.123 1.006 – – 177 12 1.756 5.Table 9A (Cont.830 2 212 47 14 8 2 85 180 128 101 – 33 – Nauru Nepal New Caledonia North Korea Pakistan 3 307 6.280 5 203 32 – Asia & Pacific 2.950 2.100 Maldives Marshall Islands Micronesia Mongolia Myanmar 623 37.558 171.725 246 499 212 9 12.154 403 8.619 103 281 239 50.653 – 8 8.541 – 16.973 38.035 5.903 912.280 5.178 251 83.798 – 43.073 105 144.613 1 3.747 39 – 1.744 – – Turkmenistan Tuvalu US Pacific Islands Uzbekistan Vietnam 170 8 174 638 24.385.546 – 782 28.188 528 79 16 137 1.771 93 138 4.420 4.467 31.981 2 1 125 – 88 – 8 2.681 23.585 4.130 585 1.529 5.745 111 168 6 3 8.433 259.247 256 9 57.286 1.349 3.304 9.198 Afghanistan Armenia Azerbaijan Bangladesh Bhutan 92 1.988 40 95.328 1.057 399 669.252 – – 26 36 975 118 8 55 357 7.471 – 70 61 219 2.003 1.184 5.708 102.820 861 449 599 68 1.179 220.052 4 1.846 82.423 7.925 93 1 2.700 – 120 14.135 3 25.247 325.774 – 60 7.402 – 38 2 234 26.217 9 548 253 150 8.248 556.928 758 – 12 9 1. December 2011 .301 672 549 28 – 27.976 15 1 739 10 13.772 153 397.565 7 224 204 59 1.716 – 23 35 35.864 – 4.990 – 23 14 15.676 7 10.053 114.283 3 116 35 12.036 – 72 13 277.872 296 1.148 1 38.851 37 33 2 16.440 170 8 174 633 20.445 201 1.812 – 117 428 65.463 113 – 3 378 5.884 16 44 98 9.308 1.404 – 634 9.349 – – 1.511 14 1.354 Kazakhstan Kiribati Kyrgyz Republic Laos Malaysia 21.902 41 300 18 300 1 156 14 12 3 132 – 1 – – United Arab Emirates Yemen Zambia Zimbabwe Residual Palau Papua New Guinea Philippines Solomon Islands South Korea Wallis/Futuna Residual A 68 BIS Quarterly Review.686 8 – 60 862 41 – 33 699 3.176 15.411 5.497 478 9 112.983 231 14.184 Fiji French Polynesia Georgia India Indonesia 1.

602 1.432 14 Afghanistan Armenia Azerbaijan Bangladesh Bhutan 435 903 278 150.856 1.508 – 8.366 1.788 578 – 992 16 4.613 – 94 383 31.413 4 43 149 3 2.303 269 – 736 – 3.148 74.218 184.540 – 2.003 30 18.106 7 430 73 118 84 – – – 74 1 – – – –22 –3.300 –73 –387 145 7.834 4 82.652 2.514 6.747 172 149.978 68 104.081 Turkmenistan Tuvalu US Pacific Islands Uzbekistan Vietnam 18 168 23 – 40 – – –75 41 225 BIS Quarterly Review.494 Kazakhstan Kiribati Kyrgyz Republic Laos Malaysia 361 37.161 4.451 30 89.778 33.087 826 118.076.518 2.499 83.343 – 36.434 1 8 –214 35 –2.344 – 919 409 – –7.852 18 2.164 – 1.533 38 187 365 150.379 – 58.255 38 –11 –63 –4.354 160 89.955 49.880 22.176 2.896 5.685 1.141 – 157 –537 –10 –6.379 719.425 – – 6.478 51 –12 16 19.359 88 – 192 449 19.613 9 554 250 Maldives Marshall Islands Micronesia Mongolia Myanmar 3 51 1.641 93 1 2.769 266 12.263 344.989 –1.683 176 376.043 1.781 43.451 – – – 5 4.109 Nauru Nepal New Caledonia North Korea Pakistan – 711 11.846 – 137 1.250 222 – 27.688 – 6 –3 601 33.469 2.425 475.666 – –195 –4.346 93 138 Sri Lanka Tajikistan Thailand Timor Leste Tonga 22 8 171 254 12.532 36.566 280 1.946 – 152.896 – 353 2.401 –200 –180 16 –3 136.630 1 3.191 9.373 – 5.152 –24.258 4 315 6.829 2.520 5.) Sectors Non-bank private sector H Local currency positions of reporting banks' foreign offices with local residents Claims Liabilities L M Net risk transfers Q Total foreign claims on an ultimate risk basis R(=A+L+Q) End-June 2011 Claims vis-à-vis 407 826 56 1.011 –2.323 – – – 165 3.159 – –4 –23 –909 –791 –73 88 1.347 59 57.533 1.378 –82 –8 18 –189 –5.207 32.670 544 676.168 876 218 3 31. December 2011 Syria Tanzania Togo Tunisia Uganda United Arab Emirates Yemen Zambia Zimbabwe Residual Palau Papua New Guinea Philippines Solomon Islands South Korea Wallis/Futuna Residual A 69 .867 – 37 66 – 3.976 – 81 – 89.Table 9A (Cont.366 2.163 1 113.846 5 2.597 1.845 – 228 3.263 1 50 – 70.548 1 3.499 Asia & Pacific 33 887 3.610 –28.020 381 7.467 – 7.096 20 –134 –22 –438 18 605 2.236 British Overseas Territories Brunei Cambodia China Chinese Taipei 41 1.009 364 3.580 5.881 Fiji French Polynesia Georgia India Indonesia 9.317 494 6 579.682 20.205 90.780 5.274 1.

207 333 374 440 3.641 21.182 18.000 744 2.848 52.005 6.076 5.031 25.428 2.273 20.696 2.556 45.191 114.071 26.900 321.862 Nicaragua Paraguay Peru St.) End-June 2011 Claims vis-à-vis Europe Albania Belarus Bosnia and Herzegovina Bulgaria Croatia Total foreign claims on a contractual basis A+L 1.063 – 27 689 400 18.786 7.212 21.099 324.383 4.978 66.203 5.599 5.663 30.487 26 125 4.526 677 67 2.594 302 152 2 60.908 1.807 4.318 41.423 6.153 5.522 123.264 1.031 4.258 30.392 227 540 38.748 190 29 503 1.651 22.592 12.601 32 39 229 405 12.118 18.622 262 521 15 244 1.895 3.075 55.205 17.235 149.572 183.061 12.906 3.360.356 394.790 728 2.789 580 1.337 47 267 5.603 13.512 2.670 219 674 8.798 4.118 114 14 – 65.155 897 140 9.139 22.522 121.564 562 189 1 1.477 182 20.348 29.172 Czech Republic Hungary Latvia Lithuania Macedonia.096 3.751 10.969 1.149 10.164 161 – 29 481 5.316 2.840 129.883 117 116 14.382 388 4.079 292 2.741 115 143 – 27.370 45.785 130.993 10.399 1. FYR 217.554 146.963 8.225 1.188 243 205 – 8 320 766 4.135 8.324 29.689 85.139 361 5.954 1.103 38.905 101 4.779 78.912 43.607 976 573 2.845 47.350 5.198 204 24 105.712 36. Serbia & Montenegro Residual Europe 29.718 52 3 – 70.640 1.463 140.904 3.474 688 Latin America/Caribbean Argentina Belize Bolivia Bonaire.897 79 – 10 117 5.702 490 Moldova Montenegro Poland Romania Russia 822 2.685 66 80 7.857 592 1.958 216.309 131.908 – 8 84 1.715 150 19 Surinam Trinidad and Tobago Turks and Caicos Uruguay Venezuela 388 10.159 1.074 168 224 2.049 352 108 7 240 4.549 2.523 2.260 9.943 8.580 18.047 546.841 – 19 8.498 967 21 2.612 6.257 67.113 78.315 7 11. Vincent 666 5.466 214 548 88.059 24.316 809 6.143 9 63 2.494 1.817 14.161 1.517 2 106.343 1 518 3.874 11.266 1.549 2.799 1.395 3.053 16. Saint Eustatius and Brazil Chile Colombia Costa Rica Cuba Dominica Dominican Republic Ecuador El Salvador Falkland Islands Grenada Guatemala Residual Int.918 2.419 40 42 1.198 18.861 Consolidated cross-border claims in all currencies and local claims in non-local currencies Maturities Sectors Total Up to and Over one year Over two Banks Public Sector international including one up to two years claims year years A B C D F G 858.Table 9A (Cont.049 2.580 36.438 Serbia Turkey Ukraine Res.392 49.853 1.864 226.637 4.811 1.529 18.361 2.611 1.812 14. organisations Unallocated A 70 BIS Quarterly Review.612 32.385 153.582 720 124 1.415 2.130 5 653 19 232 946 55 1.777 153.053 7 1.583 2.440 3.073 – – 1.036 16 10 2.755 41.480 2.188 3.535 57.986 211 6.288 280 4. Lucia St.024 7.013 11.464 14.642 6.302 14.813 8.574 251.158 44.769 502 26 232.726 1.201 56 248 33.634 53.637 29.958 134 3 1.529.236 1.682 4.894 368 87 697 1.649 6 163 4.536 178 523 1.176 31.070 4.606 9.503 247 2.237 864 320 1.347 12.697 5.991 4.104 512 26 586.051 188 242 93 807 7.225 16.916 138.991 399. December 2011 .561 7.032 707 7.826 100 2.366 219 988 19.504 4.433 25 790 44 1.479 122.476 6.553 5.673 1.542 2.534 45.425 2.824 47.088 97 142 47 1.774 12.742 1.272 3.618 16.294 94.237 47.357 208 612 – 18 439 Guyana Haiti Honduras Jamaica Mexico 958 234 2.355 25.

516 119.083 18.788 10.180 174.408 2.586 2. FYR 391 807 100.486 374 99 2.007 826 93 2.557 79 412 10.671 386.312 208.688 217 95 1.117 35.293 26.050 40.854 –883 –217 – 28.506 9.850 21 142 938 389 1.832 –12 –287 –19.513 58.472.148 –3 –4 28.697 6.277 L 670.962 810 1.417 813.382 125 172 632 –659 –36 –2 –13 45 2.123 –71 –225 –705 –3.837 30.591 779 Nicaragua Paraguay Peru St.213 73.022 9.782 –1.980 3.461 79.941 22.154 27.435 –1.073 81 110 1.624 31.259 2.331 57 – 1. organisations Unallocated A 71 .295 1.Table 9A (Cont.474 2.964 15.098 614 4.400 15.296 135.698 6. Saint Eustatius and Brazil Chile Colombia Costa Rica Cuba Dominica Dominican Republic Ecuador El Salvador Falkland Islands Grenada Guatemala Residual Int.646 –7.421 230 864 174.562 56.895 Moldova Montenegro Poland Romania Russia 13.700 44.634 3.655 11.134 83.813 1.068 1.453 – 1.146 1.465 160 160 138.522 335 10 – 353.475 370 112 49 2.292 48.638 Q –57.057 2.234 442 2.244 17.453 Total foreign claims on an ultimate risk basis R(=A+L+Q) 1.606 43.294 2.145 –662 365 10.574 5.075 1.075 BIS Quarterly Review. Vincent 266 3.221 295 26 615.310 79.405 5.319 10.790 17.763 13.696 283 1.244 12.839 129.720 Surinam Trinidad and Tobago Turks and Caicos Uruguay Venezuela 2.100 90.986 –3.344 8.765 58.800 284.152 66.596 25.151 19.613 128 –683 6.295 22. Lucia St.674 –16 –197 590 5.812 304.128 125.961 M 398.641 18.647 1.847 12.575 – 155 933 –754 –587 –201 28 –1.361 – 6.807 7.055 –2.696 – 314 2.559 Guyana Haiti Honduras Jamaica Mexico 467 1.906 6.845 –23 –120 –127 –1.390 3.934 –1.181 63.323 982 6.049 1.358.596 24.820 1.580 2.429 268 6 – 250.222 1.218 216 984 Serbia Turkey Ukraine Res.594 720 89 611 2. Serbia & Montenegro Residual Europe 280.320 244.554 –5 –17 56 –320 –13.555 –2.169 45.167 –4.838 1.476 4.936 97.019 238 110 1.647 2 270 –888 –3.023 953 217 2.260 44.659 3.444 25.223 14.954 1.147 – 2.963 –3.308 11.904 32.000 26.473 630.819 –6.154 8.803 26 107 2.141 42.813 390 1.301 45 254 5. December 2011 Net risk transfers End-June 2011 Claims vis-à-vis Europe Albania Belarus Bosnia and Herzegovina Bulgaria Croatia Latin America/Caribbean Argentina Belize Bolivia Bonaire.601 484 26 94.469 –65 215.785 239 5.925 3.707 818 –2.814 5.329 – 4.432 343 111 –76 –110 –1.951 16.847 Czech Republic Hungary Latvia Lithuania Macedonia.758 13.881 11.484 8.071 9.613 38.212 1.210 24.976 222.) Sectors Non-bank private sector Local currency positions of reporting banks' foreign offices with local residents Claims Liabilities H 557.

342 28..693 ..064 103 151 344 .756 – 109 205 .555 10 ..179.519 1. . . . .618 24.421 651...523 ..542 .449 .419 466... .601 2..848 89.. 224 – 2.796 5.445 15 1..754..440 563. . .350 1. ......760 Malta Netherlands Norway Portugal Slovakia 23.944. .. December 2011 .660 176.822 24.958.027 1...294 75 64 97.095 1.. .. 970 15 1...206 ..599 547.482 5.460 . 75 4.397 35.292 – .179 264 117 16.603 36.201 1.466 236..869 148 6.104 9...789 33..731 Australia Canada Japan New Zealand United States 693.933 319.236 .083 32 Iceland Ireland Italy Liechtenstein Luxembourg 11. .836 8. – 161 – 346 132 82 21.. 17. 1. ... ..779 65..256 178. 27 9..... . .350 4...764 8...791 .595 Estonia Finland France Germany Greece 640. 1 .823 375..663...245 12..286 1....381 8..444 .674 1.706 387. . ....580 36. 3 .150 228. .646 240...740 16. 16 168 16.502 196...048 263. .004 805 2..842 24.024 ..852 832.295 307..116 1.....217 4.090 614.......014 248...506 8.885 17 264 183 1 24...750 809. .901 20... .791.182 10. 2.Table 9B: Consolidated foreign claims of reporting banks .972 15....729 – 305 11.195 341....468 736 3.190 245.....289 .441 .457 25.428 1.559 544. – . 90 125 111 713 367 16 12 106 1.277 3.164 913 453 149.062.274 7. .383 .373 2 62 10 ..757 ... 56 .. ..150 841 .089 227. 6 .988 600.822 1.581 4..734 3.337.492 7.276 11. 877 599...806 127. .. 22.685 29..797 40. .826 9.947 4.029 2.791 23.909 Austria Andorra Belgium Cyprus Denmark 307..613 – 2.002 1..212 620.712 .350 2.571 62.560 458. 522 14 144 9 . 714 135 – 663 – .473 .. 81 326 .030...938 73.150 321.567 19. 57 11 6 198 13 253 241 3. 3.773 428 26...408 8.296 760 4.834 Curacao Gibraltar Guernsey Hong Kong SAR Isle of Man 8..502 2.152 227.007 285..469 958... .. ..497 7.. 475 ...504 1.. – – ..528. 3 .... 2. .474 – ....... 496 ....422 34. – 2. 40 .624...558 2.051 .025 European banks 19....829 54.319 758 50.. 48 .827 2. .642 16 44.478 . ....234 8.414 31. . . 309 2 386 597 . .776..309 Offshore centres 2...379 146 Jersey Lebanon Macau SAR Mauritius Netherlands Antilles 122..249 6.509 157.540 74. .555..577 Aruba Bahamas Bahrain Barbados Bermuda A 72 BIS Quarterly Review.. 267..492 7.568 21..620 2. 8 525 . – 50 2... ..807 18.144 429.706 3. 719 .066 1.... .379 – – ..658 15 1. .019 448 Chinese Taipei 213.645 4. 88. 64 Claims vis-à-vis All countries Developed countries Europe Vatican Other Other developed countries Australia Austria Belgium Brazil Canada Chile 8..974 126.736. 4 2.509 .041. ..918 451. .136 16 722 38. 3 2.464 747 56 28..495 75.624.805 268 2. 1 20 182 10 818 Cayman Islands 948.972 70.727 ...075 .. – 2. 5 .812 16. 2..827 6..506 ....572 .219 17...001 901.immediate borrower basis On individual countries by nationality of reporting banks / Amounts outstanding In millions of US dollars End-June 2011 Total foreign claims 32. 2..591 14 2 440 ..207 – .361 381.... . – 3.. .861 4.700 889... .975 3. ...232 677.250 2. 4..594 104 . .200 1. .. Panama Samoa Singapore Sint Maarten Vanuatu West Indies UK 93....661 1... ..623 39..059 3.178 24.... – . 3..810 1. – .273 .056 23. 2 74 65 .987 7 – 1.521 75.....255 2.. – 2.495 – 1.616. .. .137 558.841 3. .344 1... 116 – 11 104 40 65 112 1.. – 22 . . ..603 66 45.731 25..094 20...191 807 205. ..637 640. . – 3.....216 270..889 182...622 233 – 37.. .136 12..671 1..687 3.165 635. 10 – – ..232 50..164 .... – 1. 16 370 ..627 ..997 .. 979 .935 3..288 19.091 14.799 267.005 365.. 289 428 859 .466 1. 14.832 352 1....282.673 28....871 15.343 42..698 263. 105.857 . . – ..888 20..411 1.576 48.471 2...881 6.... – .900 – 1.510 210 28 44 Slovenia Spain Sweden Switzerland United Kingdom 40. 2.074 7..580 . 113 1.339 50.690 334 1..734 321.583 41.118 28 24.205. 1 5. 8.802 315..081..

.... 146 1 – ..541 36 64 – – – – – ..... .... . 46 . ... .. – – ..... ....302 4...... – ... 453 1 5 86 – 404 .. .372 8. ... ....558 52 2. 16 – – .... ...728 2.455 120 103. . .. .. 6 .. . 126 1 6 – . ..... .. . .992 5 942 60 100 114.729 371 429 367 28. ..922 2.179 7.... .... – . ...... ........ .. 175 ....558 36 75 24 3. . ........ . . – ....001 . .. – ....717 339 – – – – – ... 59 19 1 – ...920 3.. ... ... 2 5 14 – .955 99.... ..211 76 3. . . – .. .801 233 27 278 526 3.595 1.......... ..... ..144 2. ...... 14 ....670 8.. .. 1 .089 613 1 449 889 ...150 1......731 53 39. .940 12 Chinese Taipei 40....907 7.. ..276 502 6 7.. – – .. – 3.734 674.498 European banks 3.. .. – . ...015 8. December 2011 Australia Austria Belgium Brazil Canada Chile A 73 ..... 8 15 .....846 514. 119 2 17 . . . – ..782 3..481 284... . .. .... ..469 5 766 .. – .... . . ......... . 3 . ....815 27. . – – ... ..077 1.472 2.. – . .184 1.....367 105 – – – – – . . 681 ..195 4.202 531 1.. .. .725 11... ..... ... – 283 – – . ..565 614 9 462 957 36. . ..... . ..028 56 62. 7 127 .........367 2. . ... .881 9. . ... ...138 Burundi Cameroon Cape Verde Central African Republic Chad Comoros Islands Congo Congo Democratic Republic Côte d’Ivoire Djibouti 44.369 118 7 28.. .. . 162 17 – – 1 . Niger Nigeria Oman Palestinian Territory Qatar 157 9..295 .. 1. – . – – – . 10 114 Egypt Equatorial Guinea Eritrea Ethiopia Gabon 43.. – 249 ... . ... 113 10 4 172 Lesotho Liberia Libya Madagascar Malawi 7 36. – Claims vis-à-vis Developing countries Africa & Middle East Sierra Leone Somalia South Africa St.699 143 5. .767 – .686 16..768 871 – – – – . ..119 – – ..100 4.. 4 35 – – 3 . .... . .. ....218 1.......) End-June 2011 Total foreign claims 5. ... . .. .669.. ......... .... .. .. 18 1 8 – – Gambia Ghana Guinea Guinea-Bissau Iran 167 6.... – 14 5 69 1 . 78 92 100 134.. ..... ... 1 . ... 11 . .805 53 6.. . ... ....158 4.... .....101 16.. 11 – ...Table 9B (Cont.749 Algeria Angola Benin Botswana Burkina Faso 9. – – – – ........... 4 ....583 318 1.... . . 161 . ....... . 28 348 607 3. ... Mali Mauritania Morocco Mozambique Namibia 445 392 29. – 162 1 – 36 .... – – – – – ...848 ... – ... 24 58 – – – – 10 . .595 3... . ....... – . . . .... . 1 – .. – – 270 – – . 53 .....373 106 59 46...... ....... . Helena Sudan Swaziland BIS Quarterly Review...... . ... – . ....767 2...... ...... – .. .901 – – 31 – . .. . ... – – 169 – – .... 4 . – ... ...694. . 490 Rwanda Sao Tomé and Principe Saudi Arabia Senegal Seychelles 108 59 60..222 17. . ... 24 38 3. – – – – . 8 Iraq Israel Jordan Kenya Kuwait 1.. . 8 – .. .291 107 – – – ......... ............ – . ... . ... .286 531 6 13... 149 45 – ...008 3.. ... . . – .... 2 12 54 2 1 .

..301 9 548 253 575 35....053 114.... ....848 2. ...105.. .150 . .... – – .. ...286 1.. . . 1. ............ 1...792 1.... ... ..154 403 8...... 441 ...566 2. . .291 . .....274 1. .... – 59 1 – – . – 143 . . .... ........999 – 194 339 64... .....245 78 2... .924 23 5. – ..... . ... 1 470 996 1 – 2 445 22 . ... .. December 2011 . . ..... United Arab Emirates Yemen Zambia Zimbabwe Residual Palau Papua New Guinea Philippines Solomon Islands South Korea Wallis/Futuna Residual A 74 BIS Quarterly Review....206 Kazakhstan Kiribati Kyrgyz Republic Laos Malaysia 21.... ......... .. ... – – .. .. 34 . . – 13 .. . . . ... – – .. .Table 9B (Cont...011 96 . . ..057 399 669. .... .. 1 8 4 75 . .. .. 8... .... .. 1 – . .... . .... 372 .241 – .. 3.... ... .973 38.276 ... 127 .. .889 3 .. 2.918 45... .. 1 ... . .399 92 – .. – 1.. 155 .. 313 – 1 182 95 12.. – .249 41 300 41 58 – – ..403 40 25..... . ......497 478 9 100.... ..... ..... . – .... 119 .. ....047 .061 – ........ – – – .083 147.....360 817 – .529 5....207 186. .. .. 4 ... ........ 137 . – 41 ...123 1.. – ... .440 113 – 35 393 11. 124 . .. . – – – .406 103 267...... 7 . .... 620 ..634 40. 2 20 33 – . .. ...... – – ...130 345 1.... .771 93 138 5.. .. – – – 1 2 ... . 2 . – – – . 6 1 3. ......... . Turkmenistan Tuvalu US Pacific Islands Uzbekistan Vietnam 170 8 174 638 24..... . . 1.. . .. .. – 2 1 144..367 3 277 6..... . . . .. 6 ....501 85 . ... 200 – ... 527 – 2 – .. .102 400 2 990 – .086 – – . .. 79 ... ... 5 ...983 231 14.. .. 3. . ... . . .. .467 Sri Lanka Tajikistan Thailand Timor Leste Tonga 6.... .247 325. .. 2 2 – 145 1 . . Fiji French Polynesia Georgia India Indonesia 1..... – .. . .769 94. ..........387 – . .328 953... ........ – 553 .195 . – 109 – ..184 5. – ...988 40 95... . .... – 9 35 4 .. 999 – – – – .. – – – 1 ..891 38 12. .. ..223 87 81 1. .. .. – – – .. . . ...423 7... 1.. 251 60 .. 23 . 51 . – – . – .. – . .353 2.113 1...... .....402 . 20 ...003 1....885 387 7.......176 15. – .. – . .... . – . ...... ....... ... Asia & Pacific 2. .......) End-June 2011 Claims vis-à-vis Syria Tanzania Togo Tunisia Uganda Total foreign claims European banks Australia Austria Belgium Brazil Canada Chile Chinese Taipei 585 2.223 176 373..894 2 179. . . ............. 8 .078 .... – ..... ... .621 – – – – ..073 5.... .388 . 2 – Nauru Nepal New Caledonia North Korea Pakistan 3 307 6.. ... 5. – ....... . ...967 . – .788 – 198 428 155...110 5.597 6........ .. .546 – 209 17......799 456 30...448 2 230 202 – . – 10 1... British Overseas Territories Brunei Cambodia China Chinese Taipei 437 4.352 Maldives Marshall Islands Micronesia Mongolia Myanmar 623 37.. .... .677 Afghanistan Armenia Azerbaijan Bangladesh Bhutan 92 1. .. – . 2 1.... ... 3 . ..... .. 313 ...... 16 1 – 1.561 403 24. . 84 6 – ....

795 – 10 293 1 .... 3 287 – – 23 – 166 . 1 .. 1 921 .094 301.642 6. ... – . . .... . .. 8. ..260 – – – 6 .368.. 136 33 3.. . 6 – ...... . ... . 9 2 ... . 7..197 402 26 396. ......099 324. .. ...988 37. 164 .... ........ ... 185 21 . 3 – Czech Republic Hungary Latvia 217.479 28. – 44. – – – . .... .855 814 2. – ........ – – 1..... ..) End-June 2011 Total foreign claims 1..465 92. 268 411 . . organisations Unallocated BIS Quarterly Review. .049 2.. 4 3 ..297 5... 20 ..273 92 . – – – – – .260 – – ...549 1. 305 70 66 – 7 . Turkey Ukraine Res.360... ... ...355 25. ...557 2..544 22.. . ....... . ... .. .984 4 Chinese Taipei 1. ... 122 6 .795 – 64 1 1.282 .348 209. .969 1... 3 5 . . .. .... 10 58 19 ..... 377 ...289 16. 2 .413 58 2.857 29.815 18. .853 418 4. – – . – – – – – .... ... 1.716 35..607 976 169 2.323 150 640 – – .......582 5 23 1..047 857.. – . .. – ...351 7. 5 .013 11.....314 253 5.... – 4 .337 47 267 5. .700 44. 44 . ............ 1 1 .. – ....193 2..260 9. 6 16 – . 1 2... ... .787 – . 190 ..301 39.... ..113 2. ..902 22 ......031 25..... 319 .652 2.799 1... . ... ...086 16..366 40..807 7.... 31 11 – 14 . ....... .. December 2011 Australia Austria Belgium Brazil Canada Chile A 75 . . . .237 11... ... 1.... ..... ...106 94.912 822 2.... .468 1.... 2 1 .... 3 26 5..693 .. – – . .830 ..476 6.. .325 1 972 ..........103 38... – 77. . . .. – 2 117 .......567 .463 140.. ..... 2. – – .. Saint Eustatius and Brazil Chile Colombia Costa Rica Cuba Dominica Dominican Republic Ecuador El Salvador Falkland Islands Grenada Guatemala Residual Int. .. 1 1 ......861 European banks 1.. 38 15 .. 107 – 3 . Vincent 666 5.573 457 51.. 6 1 1 – – 6 100 2 ..... – 1 . 289 .. 5 Guyana Haiti Honduras Jamaica Mexico 958 234 2. .... ...012 84. Lucia St...193 245.355 2 1 1 3 17. .752 418 273.333 .... ..382 64 2. . .816 114 ..377 1....745 1.. .366 219 988 170. 2....864 117. 246 .361 – .... – – – 2 ..958 216.318 41. ..266 1.677 73.689 85...749 170...711 871 873 485 16. .. 15 45 1 Lithuania Macedonia.154 25. 1.. . . .. .921 1....637 105 .986 211 6..212 32......522 211 .....053 – . – ... 14 . .813 8. 31 Romania Russia Serbia 122.... 1...184 5.. .227 20 20 . 844 .149 10.991 399. ... .333 1 – 7 – ..522 123. 8... 445 14 Claims vis-à-vis Europe Albania Belarus Bosnia and Herzegovina Bulgaria Croatia Latin America/Caribbean Argentina Belize Bolivia Bonaire..... . . ... ..118 22.. . . ...569 .955 126. . ..599 340 99.. 113 Surinam Trinidad and Tobago Turks and Caicos Uruguay Venezuela 388 10. Serbia & Montenegro Residual Europe 226.529. FYR Moldova Montenegro Poland 29. 3. – 52 ...666 9. . ... .370 45. .. – – .338 29..Table 9B (Cont......578 . .. 773 260 41.... .190 . 2 – 2.101 47 18 990 – .... . .. 34 Nicaragua Paraguay Peru St.. .242 62 .............305 2.....104 512 26 586..309 131....... ...105 . . ... ..529 18. ... .204 255 2. ..440 3....900 ..

. 9. .277 557. .146 13.949 .111 25.241 19.. 6 .633 29.589 .008.. . .359 340.244 3.588 48. 19... .117 45.974 Iceland Ireland Italy Liechtenstein Luxembourg 102 15.. . 33.536 110.. 2 13 .089 ..605 56..007 574. ..489 41..392 1.147 57. 5.856 1.. . 56 – 1.114 51. 6..168 3. 3.407 41 27.880 – 4.659 339.849 1.201 575 .645 253.520 394 8...204 166 8.....023 58 28 12. 660 .612 4 – 4..763 162...143 242. .. ..765 797. 305 1 – – .385 Estonia Finland France Germany Greece 260 40.316 223..438 3.348 236 230..944 52 . .775 1.870 3.213 170..205 1..241 .831 2........348..711 833.. 6..310 49.429 424. 22.024 124 – 329 20....923 293... .132 Jersey Lebanon Macau SAR Mauritius Netherlands Antilles 282 170 – 4 .678 – – 13 – 92 . .402 .549 160. ......956 76... .273 22 236 32 . 262.929 2. 12.500 3.211.. 1 . .737 59.785 119.420 511....792 1. 17...021 1.700 – ..983 ... 160 7 4 916 . 48 .387 .. 2.504 Offshore centres 6.937 766 117.044 Austria Andorra Belgium Cyprus Denmark 446 6 721 496 .884...850 .080 .759 27 3..376 2... 1..564 ... 24..195 5.268 671 16.451 270. .. .151 6..912 510 40.291 19.987 1.528 63 29 – ...076 220 52.....263 535 17..210 281 26. 2...106 4. .536 – 143 – – 610 .638 25..739 1.538 7.378 776 .. 14.071 . December 2011 .757 1..674 7.266 28. 730 4...... 877 25..741 3.285 5.. 168 28..086 .838 135 39. 737 20 13.043 ... .563 2....396 1. 21. 4..767 312 1.645 3..381 25.... . 826 3 1.728 46.716 5.. .854 714 2.238 404 4.380 152. . . 1..472 769 . ....914.076 30.. .390 1.. .185 ..563 60. ..602 4.236 8..767 28..991 161... 769 427 43 1.920 20...683 30.143 106 26..999 Cayman Islands 2..770 227 6 1...016 768 465 1.468 18.963 51.....402 780...106 . .. 7.552 Slovenia Spain Sweden Switzerland United Kingdom 49 2.289 142.022 66... 113. .608.521 558.380 63.237 12. 13 250 665 77..846 ...852 17... 2 20 ...... .982 4 6.667 Australia Canada Japan New Zealand United States 350 314 617 45 9.174 .466 3.196 .546 Malta Netherlands Norway Portugal Slovakia 20 3..890 51.829 .657 290.194 1... . .889 180.257.406 198.. ..391 360. 13 3.531 186 350 4. .689 1. 294 6.397 2.746 199.585 .. 53.164 106.509 161..198 – 14 11.494 9..214 69 9 236 252 19 .231 177. 12.543 964.244 2.. 1.044 . .646 ....851 94. 656 ..282 6.) End-June 2011 265.631 26 65 37 5 3.. ...807 13.044 105 37.854 1.169 137.065 5.426 ..121 . 8.833 132. .722 43. .511..093 . .255 542 .084 36....176 1.191 2. .424 112 68 10..438 Aruba Bahamas Bahrain Barbados Bermuda Panama Samoa Singapore Sint Maarten Vanuatu West Indies UK A 76 BIS Quarterly Review.890.662 267...731 5.030 13.194.285 ..413 984 Netherlands 1. 1. .127 149.852 3..794 29.551 11..808 12..Table 9B (Cont..664..966 697. .202 15 3..191 5....326 1.718 31.409 651 7. – – Denmark Claims vis-à-vis All countries Developed countries Europe Vatican Other Other developed countries France Germany Greece Ireland Italy Japan Mexico 10.634 5.181 90.177 1. 57.411 3.825 Curacao Gibraltar Guernsey Hong Kong SAR Isle of Man 15 597 224 147 41 657 338 1.848 110.034 65.040 639. 549 – – – 51 – – . 2.170 242 1. .....068 52. 42 .421 5.701 56.214 3.020 2.067 .073 ..352 693..342 44. . 11.. 320 21. 1. .566 .266 12.638 .038 3.989 1.245 30 107 380 ..613 1. ..838 8.414 85.396 161...917 35 507 454 8 7..180 67.696 2. 12...508 1.100 .852 4...645 3.202 – 349 22 764 16... 74 42.. ..502 1..344 2.. .028. 2..070 412.. .. .124 2 124.. 48 606 636 206 2.513 3 2 1..415 .009 35.754 649 15. .... ..296 .... .... 14 496 .. 104 891 1.083 48.826 1..827 2. ..914 3... .. .828 12.465 37.

..... ... ......754 324. Helena Sudan – .618 49 – – 1 5 25 – 1 – – – ... . 7 – 288 79 1 Niger Nigeria Oman Palestinian Territory Qatar – 3 15 – 81 33 1... . . 380 . 110 . . . 2 1 – 279 325 25. .556 32.. .... 461 1. ..... .. ... . .... ...... 84 . ..719 . ...... ............. 113 8 11 . .075 – 549 – – 8.... ... ........... . .. 12 – 99 4.... .....045 2 6 19 – – – – – . – . 25 3 3 . . . .592 1. – 433 3 68 7 Mali Mauritania Morocco Mozambique Namibia – .... . .... ...821 2. .. . 37 . .. .....034 143. . ......... . . 20 404 2 – 240 Iraq Israel Jordan Kenya Kuwait – 12 15 3 8 185 2.... . . . .. .. .. 5.374 712 527. .. ......004 – – – .440 Rwanda Sao Tomé and Principe Saudi Arabia Senegal Seychelles – .. .... ....... .. ... 4 166 480 – 1.... .) End-June 2011 6....... .... 10 16 280 60 78 – 1 1 – – ... Netherlands 197..352 48..285 71 – 6. . – Denmark Claims vis-à-vis Developing countries Africa & Middle East Egypt Equatorial Guinea Eritrea Ethiopia Gabon Swaziland BIS Quarterly Review... 6.... ... . ......139 773 ..... .... ..815 – 794 1. .. – – 41 7 – 105 . 1 75 – 1 1 Comoros Islands Congo Congo Democratic Republic Côte d’Ivoire Djibouti ....... .907 618 643 1. . – .. .........679 – 270 – – 1. . . ..296 422 244..913 – 70 1. ... 16.. 5. .. .624 .... .. .193 .... 9..... . 56 152 – 52 3 Burundi Cameroon Cape Verde Central African Republic Chad – – – ....... .. ... . . 1. .. ... ..... . . .. – ... ..... . .... . ... 192 . . . . . . ....565 – – – – 1 ..........256 13..259 102 56 1.250 .....449 . .... ..... ..522 60 58 837 ..... .806 10........ .130 22 . ........ .. 149 – – 1 10 Gambia Ghana Guinea Guinea-Bissau Iran – 12 ...035 373... .. 730 . .. .. . . – 14 . ... . 1... .. .... ... 1... .057 4... ................. 6 108 10 12 268 40 1......227 – – 1 168 615 – – – – ... .675 1 5..313 220 . . 1.946 959 3. ... .. 5...... – 21 . .. ... ............664 . .. . .. . ..833 52 – 2 – 3.. 6 ...553 706 19 – 4.. 2 13 221 .. 630 . ..114 98.297 – 3 – – 280 1 – .933 ..... 17 . 14 – 894 29 23 Sierra Leone Somalia South Africa St. .817 781 48 93 757 118 1. – 1 .... . – 24.. .. ...Table 9B (Cont...459 .. 373 7 39 . .044 4. 3.301 56 1. . ...... 2 – 521 – – – ...... 14 2.. 1 – 2 1 18 249 247 2....... ... ... .861 Algeria Angola Benin Botswana Burkina Faso – – – – – 5.... .. 2 .759 – – – – 4 ..897 9 95 – – 2 – 32 ... . . 17 467 .. 4... 34 58 3 18 1 – – – 1 – – – ..085 – 4 39 – 2 .. 4 ... . . . 15 – ... .. 49 252 13 202 438 Lesotho Liberia Libya Madagascar Malawi – 172 – – – ... December 2011 France Germany Greece Ireland Italy Japan Mexico A 77 .977 – ..234 7 ..

.. – – – – ...... ... 53 11. . .... 21 3. . ...213 – – – 4 – ...740 Afghanistan Armenia Azerbaijan Bangladesh Bhutan 1 4 2 23 – . 3.. – . .. ... .... .....209 – – – 4 – .. .. ...299 – – – 1 – .746 ............. 429 80 28 . ....... ... ... .... – 222 . 23 48 – – – . 8......836 14 539 – 1 – 19 578 – – – – – .....Table 9B (Cont... .. . . .. . 27 131 53 ..... . .. 94 . . 3.417 ..... 2 .664 – 4 2. ... ...970 5. – – 38 1.. .798 8 13 72 – 65 – 2 – – . . ... 290 6...832 18.....523 142... ... . . ... .. .. ..315 Fiji French Polynesia Georgia India Indonesia – . .. – 87 11. 1 .. . 166 4 200 451 . – 1 93 13...851 . . .... . .. .....771 2 2 .. . ..... ... .. ...404 – – 461 11 4....106 – 16... . .... ..... ... – – 1...131 14 – – – 1 ....308 .. . . ......514 118. 5 . ...845 16. . ..... – – British Overseas Territories Brunei Cambodia China Chinese Taipei A 78 BIS Quarterly Review.. ...278 – .625 10..... ..... – 20 341 160 – . .. 3 180 43 23 50 United Arab Emirates Yemen Zambia Zimbabwe Residual 60 3 – 1 .... . . .984 – – – .. . .. .. 1... . .504 997 14 22 . ....614 3.. . ... 33.... .109 – .. .....) End-June 2011 Denmark France Germany Greece Ireland Italy Japan Mexico Netherlands Claims vis-à-vis Syria Tanzania Togo Tunisia Uganda 1 76 – 8 2 192 . .. . .586 2...... – 40 ......010 138 22..... 19.. .... .. December 2011 .. ...... . .... 8 4 21 14. 102 4..073 – 1 3 10.... .. ... . 13....... . . ... 62 2... ..031 ....690 173 69 2 – Asia & Pacific 1. 44...... ... . 63 – . ... – 1 5 – 109 Palau Papua New Guinea Philippines Solomon Islands South Korea ... .. 167 2 876 – – Turkmenistan Tuvalu US Pacific Islands Uzbekistan Vietnam ...542 . .... 1.. – 91 45 .. . ......... .968 Kazakhstan Kiribati Kyrgyz Republic Laos Malaysia 36 ......573 2. – – 937 10 . ..088 8. .. .. – 6 – – 6. . . ... 1 . .. . 5.....072 1 13 6 27........691 – – – – – . .. .669 – 27.928 .019 180 – 6 111 934 261 – – 1 – 1 – . ....499 – 1 ... . 318 ... .... . . 119 25 56 ... .058 2 – 120 21.... ......... .... . ... 389 – 2. 7..964 . . .. .... – – – – 292 Wallis/Futuna Residual . ... .. 383 – 15 62 845 Maldives Marshall Islands Micronesia Mongolia Myanmar 2 – 1 1 2 57 6.. .. 7 21.. ...... . . 140 – 35.. .. ......182 Sri Lanka Tajikistan Thailand Timor Leste Tonga 56 ..921 – – – – – – – . 25 . .107 208..381 1 52. 5. . 6. 8.116 51 . 240 4.........231 ........425 1..020 84 – – 116 1....... . ..859 14..275 154 55 24 31 266 17 1 1 – – – .. .... .. ............ 58 976 – 123 – Nauru Nepal New Caledonia North Korea Pakistan – – . .526 – 12.. . .439 .277 – 44 194 – 2.... .. – 20 . 51.. 2 3 2......656 3... ..... . 144 6 – 1 ...936 ..

.431 – 38 5 26 12 857 . .. .. .. 4 – .. ... Saint Eustatius and Brazil Chile Residual Int.........450 209 30 147 64.. .. 1...894 Romania Russia Serbia 26 243 3 19.... . – .379 1.. . 16 195 ... 10. .. ... . 27 4.. Serbia & Montenegro Residual Europe 337 50 .. . . . .. 1.... 697 737 441 178 – 565 1 – – – – ..308 – – 30. .319 ...... .. ....... . 1.. .. .950 38 ..699 .269 1 327 840 – – – – – .. .... . 69 .. 38 121 2 148 28 ..... 7. 215 100 – – 151 3 – – – – ... – . ........ 1. .012 385 .... . 21.... ..339 . .... 17 .. Lucia St. .400 161 10.....787 96 . ....268 268 .120 2...... ...659 23 9 – 12.416 27... ...) End-June 2011 3.. 42... . 17.. 21..036 693 21....943 233 44 26 15....... 32 – 24.....049 34.106 90. .893 .524 1. .. .750 Nicaragua Paraguay Peru St.903 1. 1. 67 .280 3. ....484 1... 2 .... ....263 23... – 31. . .. .652 – 27 . 31. FYR Moldova Montenegro Poland Latin America/Caribbean Argentina Belize Bolivia Bonaire. ..895 1 – . . 30 .. ... ...968 3.367 6.. 1.799 98 . .. .545 22 1.729 466 7..354 ... .083 8 ... 28.. ... ...... ..... .. 89 104 285 63 5 Surinam Trinidad and Tobago Turks and Caicos Uruguay Venezuela – – 6 7 55 11 456 ...337 772 36..582 2. ... 23 11.....774 22 100 – .. 32 108 ....... 5.487 – . . . 111 49 2.593 – – – – 1 . ....... .. . 72 ... 542 24 4 ...930 60. ...179 4.601 2.259 478 3.... ..616 . .708 7. 18 109 44 674 120 107 183 342 42...362 31 .402 203. 1 . Vincent – 23 12 ... .... . .830 8....780 .396 – – 15 218 6. .825 32... . ..560 7..... ..647 777 819 1.227 . 32 43 103 79 3 183 Ecuador El Salvador Falkland Islands Grenada Guatemala 15 3 – .784 13. – 12 71 59 13... 5.. 13 ... . 583 190 317 4 47. 10 7 .. ... ... 7.........471 3.755 .412 199 – 164 – . .....346 5. ... .. organisations Unallocated BIS Quarterly Review. .......794 – 35 8.618 193. .732 26. . .... . 87 544 .. . . 165 554 1 1. . 435 483 ..614 8.147 .. .762 Colombia Costa Rica Cuba Dominica Dominican Republic 9 1 – – 38 979 151 620 .492 3...436 172..490 691 .... ...... .... 125 13 94 .. .. .476 9 334 4... 23 166 ..Table 9B (Cont..864 54 Turkey Ukraine Res. . 53 8 122 977 25 165 – – 2 – – . .528 2.172 3 206 – . . ... 5.. .. 4.... 140 865 – 3.. . .904 5....... ...... ....545 156 1...... 14..458 26 446 – – 1 1.......621 3. ...... 3. .. Netherlands 97.465 23..... – 521 48.250 – – 15. December 2011 France Germany Greece Ireland Italy Japan Mexico A 79 . 2 8 1.750 34......933 . .232 7.. – 2 .. ... . 18 17 – 2 51 Guyana Haiti Honduras Jamaica Mexico – – – – 70 – ....760 1.277 – 2 – – – – .871 57 9..729 – Denmark Claims vis-à-vis Europe Albania Belarus Bosnia and Herzegovina Bulgaria Croatia Czech Republic Hungary Latvia Lithuania Macedonia.. .162 36 1 .920 41.. .. . .. .176 201 ......454 . 47 36 18 – 40.....420 60 1.

221 147..345 32.523 56.003 617 31..307 693 2 – – 2 – 771 3.913 Austria Andorra Belgium Cyprus Denmark – – 2 – 4 259 28 446 324 330 5..080 14 2..355 – 208 18 168 6.... 131.383 21..922 1.784 15.043 – – 323 8.833 12.822 25.713 1..457 2.569 847.428 119.266 4 2..564.828 85..976 1.994 172 120 12.799 79.069 1.314 19.477 Malta Netherlands Norway Portugal Slovakia – 179 25 – – 872 10.860 1..303 65 – – – – 9 .936 562 18. 60.310 – 2 292 2. .003 .Table 9B (Cont.898 6.263 .439.691 1. 17 41.. – – – 184 1 92 – – – – .208 767 603..476 106.614 6.637..186 157 440 .891 737 105.000 .075 59.357 2..760 Aruba Bahamas Bahrain Barbados Bermuda Jersey Lebanon Macau SAR Mauritius Netherlands Antilles Panama Samoa Singapore Sint Maarten Vanuatu West Indies UK A 80 BIS Quarterly Review. 1.717 United States 3.414 969.466 4. 84 270 22.678 1..597 . ..321 16. 1.861 89..242.163 136 4..445 170 13.416 5.006 236. 50. 90 ..561 11.693 3...361 133 60. .227 187 2.240 391 195 1.615 12.203 3 9. 14 13 .067 1.310 14 8..757 41 .141 749.601 362 10..268 298.209 214 11.688 8.404 195 2.) End-June 2011 Panama Sweden 24..167.205 406 11.042 .392 1..588 183.910 11 40 183 .286 Iceland Ireland Italy Liechtenstein Luxembourg – 42 – – 22 147 22. 2.061 .682 2.. .058 25.606 Australia Canada Japan New Zealand United States 12 323 7 – 3.540 408.717 1.897 541 184 229. 449 63.335 1.710 665.574 – 824 – – 1.321 430.722 22.531 1. 13 18.585 102.388 291.626 75 9..428 2..889 – – 191 – – 88 2.. 11.797 887.865 71.261 13.729 870 – 395 312 804 188 672 745 9.901.548 .561 1..227 4.357 82. 4... 783 1.148 216.583 .805 272 234 33 1 5.618 35..809 .. 3...368 732. December 2011 .039 7..150. 5..449 1..484 1.961 19..499..968.923 2 50 482 – 180 605 157.. – 492 821 ..145 145.196 .386 65.101 118 .862 8.786 9.498 26.382 73.017 1.527 227.020 192.284 85.226 110...994 12.493 1..630 807 1.837 12.261 42 74..549 1.589 – 2 .616 2.063 Estonia Finland France Germany Greece – – 23 220 – .158.725 10... 2 24.457 51.786 6..358 112..101 1.261 745.399 67 31 7.760 Cayman Islands 1.541 1.613 5.998 602..489 13. 35.595 142 .900 10. 33.223 18...197 Slovenia Spain Sweden Switzerland United Kingdom – 12 164 337 343 39 25.. – – .416 .. .009 373 42 6..980 9.707 1.771 45. 110 7.346 298.144 5.696 129 730 3.078 18.. 1. – – 30 – ..748 .711 3 – 29 . 816 ..383 .245 1 4.716 493 71.141 3...877 47.287 4.326 8.368 39.475 . 51 ..072 84. .814 71 .341 5.390 Curacao Gibraltar Guernsey Hong Kong SAR Isle of Man – – – 5 – 2 101 1 637 217 182 171 596 7.140 332 – 5.179 13.375 Vatican Other Portugal Turkey Switzerland 1.479. 5 22.530 612.970 491 – 223 ..335 2.796 8 15 76 1 2.936 3 2.212 98..147 6.534 528.306 3.914 13.802 133.152 2. 88 96. – 5 – – . 226.116 38.859 179 1. 840 2..363 132 21. 46..967 104.119 515 22. Other developed countries Spain United Kingdom 4..457 2..214 18.106 3.539 183.522 1.983 1.490 96.224 Claims vis-à-vis All countries Developed countries Europe 4..843 149.409 14 1 – .615 .734 16. Offshore centres 2.460 – 151 1 2 1 1 457 1 5 1 77 224 22 13 491 – 274 3 2 3.

.195 8 17 11 – 427 3 556 113 7 1. – – 117 – – – – 49 – 3 – – 3... .. 1. 59 1 1 1 3 – 351 21 6 6 – 189 2 1 1 – 2. 2 . 76 2... .293 ...123 6.. .. 37 4... ..677 Rwanda Sao Tomé and Principe Saudi Arabia Senegal Seychelles – – – – – .044 33 4 3 – 40 – – – ....970 42 433 – .... – 94.. ....440 110 2 5 – 4 .796 27.310 234.776 18 38.. 1 ...030 .... ..959 487 836 5...410 568... .042 Algeria Angola Benin Botswana Burkina Faso – – – – – 1 4. 2.. 6 368 3 . ..... – – ... 5. . ...907 Claims vis-à-vis Developing countries Africa & Middle East A 81 .. 18 – – 10. – 2 6 2 129 – 69 – – 204 85 91 2 – 229 – – – – 104 . .. ....183 61. – 2 15 1 – – – – – – 2 4 8 – – – – – – – – .. – 43 Gambia Ghana Guinea Guinea-Bissau Iran – – – – – ...255 85 5 19 – 675 – – 2 Mali Mauritania Morocco Mozambique Namibia – – – – – ..834 – – . 219 18 – – 109 37 – – – – 810 – 1 3 63 48 – – – – 9. 1.323 6 134 – – 3 81 6 3 3 213 5 4 – – 1 – – .......... ...... 445 1 18 2 2 221 2 350 3 10 6 65 3...736 United States 772. . ... ..872 – .839 2 – 8 1... ...496 .. 4. . .. Egypt Equatorial Guinea Eritrea Ethiopia Gabon – – – – – 1 .192 279 .. 14 48 278 .Table 9B (Cont. . . 433 9 – – Iraq Israel Jordan Kenya Kuwait – 8 – – – .226 1 18 163 20 Burundi Cameroon Cape Verde Central African Republic Chad – – – – – . ..... 1 Swaziland – ...326 528 United Kingdom 967..910 ..503 Lesotho Liberia Libya Madagascar Malawi – – – – – ....542 4...... 42 2.) End-June 2011 Panama Spain Sweden 4... 57 3 . 2 1 2 – 10 – BIS Quarterly Review.874 36 754 – – 24 23 – – – 11... 5. 442 ...... 1 – 4 62 – 1..596 ... 2 48 . 68 315 – – – 11 24 – 42 47 72 166 2 1 2 – – – – – ..069 245 25 Sierra Leone Somalia South Africa St... 1.. .. .643 ..... 33 1 .814 9 – – – 3. – 1 2 3 1 – – – – – 11 20 222 96 – – – – – – –2 ... . 3 – 189 2 – – – 1.. 374 415 .... December 2011 Portugal Turkey Switzerland 176.....569 144 198 1.. . 15 7 774 1 5 Niger Nigeria Oman Palestinian Territory Qatar 2 – – – – ..074 78. ......185 .905 – 136 – – 15 – 41 .. 51 5.. 1 Comoros Islands Congo Congo Democratic Republic Côte d’Ivoire Djibouti – – – – – ....194 – – – – 11 .. .830 11.. Helena Sudan – – 2 – – .. 140 3.436 5. .

496 – – – – 22 – 2 7.. . December 2011 ...... 17....... .754 18. – 6.. . 56 .. ... .. 4.. .... 97..449 . ... ..... . 1 1 – 52 – 1 105 – 70 55 55 22 6 79 7 2 – – – – 29 . 146..616 671 496.347 Maldives Marshall Islands Micronesia Mongolia Myanmar – – – – – .... – – 20. .945 .. 44..... 1.970 7 6 114 72.. .. 17 – – – 1 2 1 – – – 1.375 . .170 .......... ..459 – – 1 – 376 2 – 1 .198 Sri Lanka Tajikistan Thailand Timor Leste Tonga – – – – – .. 1 1 .512 4 12 11 – 98 – – – – 61..234 – 3 4 – 3.276 – – – 2 – – – ..... . 339 78.... .... 1 .291 . ....538 3..109 Wallis/Futuna Residual – – .. ..... – Turkmenistan Tuvalu US Pacific Islands Uzbekistan Vietnam – – – – – ... .... 119 . ...964 370.... 38 .. .393 Afghanistan Armenia Azerbaijan Bangladesh Bhutan – – – – – .501 11.. . . . .... . .708 1 31 – – 89 – – – .772 50. – – – – .... 2 244 5 639 251 United Arab Emirates Yemen Zambia Zimbabwe Residual 6 – – – – 19 ..225 15 2 82 1 18...Table 9B (Cont. 16 3 2.261 10... – 3 6 2 – 1 – – 102 10 – 10 375 52 – – – 365 – – . . 2 1 – 139 836 .916 6. 57 – 3 – 1 112 – – 1 265 1.005 161 .224 5 81........474 ...... . ....) End-June 2011 Panama Portugal Spain Sweden Claims vis-à-vis Turkey Switzerland United Kingdom United States Syria Tanzania Togo Tunisia Uganda – – – – – ......059 Fiji French Polynesia Georgia India Indonesia – – – 9 – .318 19..379 – – 33 13 – 18 .197 – 2 7 3. – – – 9.. 65 7.... .079 79.. ....916 53.. .610 ...518 226 – – – 4..441 – – – 8 – 5 . 100.277 Kazakhstan Kiribati Kyrgyz Republic Laos Malaysia – – – – – 103 .. . – – – – 16 1 .576 – – ......055 – – – – 1 . . 1. 58 1 – 1 3 642 41 – – 2 979 701 2 12 100 8.. 1 .587 – 3 – 14 2.243 115 – 4 – 1 3...... . 98 British Overseas Territories Brunei Cambodia China Chinese Taipei Palau Papua New Guinea Philippines Solomon Islands South Korea A 82 BIS Quarterly Review... 90 .085 – 18. – 499 – 11. .... 58 – – – .. .. .. 1..... – – 7 – – 305 – 68 – – 103 – 2.. – 86 – – 1 3 1... – – – 2 1 25 – – – 81 – – – 18 494 4 – – 14 – – – 35 ....... 835 .839 – 16 ..588 .511 8 328 2 – Asia & Pacific 40 445 11.. 7..... 55 .765 – – 1 – 14 ... 6 – – 33 – 625 – – 238 – 121 – 6 2. . 42 – Nauru Nepal New Caledonia North Korea Pakistan – – – – – .. – 14. .

16.. Lucia St.210 Panama Claims vis-à-vis Europe Latin America/Caribbean Argentina Belize Bolivia Bonaire....311 662 – 2..336 – – – 3 17 12 193 180 447 868 – – – – – – 220 29 446 1.464 Guyana Haiti Honduras Jamaica Mexico – – 87 55 559 1 .125 United Kingdom 63. 1 11 159 – 3 17 7 150.393 7 4 3 – 26.245 10.574 .238 76 1.486 65. 1.. Vincent 14 22 341 – – ....... – 186 12.858 – – 1 – 1.. 483 185 11 62 6 461 532 Czech Republic Hungary Latvia – 1 – 16 265 2 639 895 139 99 219 17.112 – – – – – – ..794 . Surinam Trinidad and Tobago Turks and Caicos Uruguay Venezuela – 196 46 126 208 2 1 .. 1 1 380 42 24 – 113 1 2 – – 12 258 80 – 3 344 – – – – – 125 . . .956 Colombia Costa Rica Cuba Dominica Dominican Republic 888 374 – – 142 63 14 2 ...682 A 83 ..915 10 39 8. 5.528 78 . 95. – 1.. .080 Ecuador El Salvador Falkland Islands Grenada Guatemala 95 73 – – 250 33 3 .537 – – – 11. – 1.711 9.373 498....535 – – 1 200 .675 7 7 4 – 1.Table 9B (Cont. 541 1.. organisations Unallocated BIS Quarterly Review.581 15......892 46 17 ..) End-June 2011 7 17... 4... ..255 279 18 ...714 2.. 30 848 – 33 2 4.197 329 398 32 343 76 43 17 – 43 564 149 – 11 113 – – – – – ... 10 2 9....378 1.247 8.. . 33.702 1. 14. Saint Eustatius and Brazil Chile Residual Int.038 – – – – – – 6.778 19. . 3 1....669 39 312 9...196 Switzerland 22.719 1.994 – 84 – – – –2 .. 94. 39 5..... Turkey Ukraine Res..499 41 .406 Nicaragua Paraguay Peru St.383 263.765 473 4 1 ....866 – – 2 – 30 – – 2 66 460 7 260 – – – – 2 .. ..220 .475 12. 21..672 324 7 – ..225 46. 1..002 560 .. – – – – 939 29....079 2. ....804 Romania Russia Serbia – – – 838 26 .530 20 131 937 712 116.918 – – 79 329 443 .. 995 2. 1 ..434 26 2.326 ..359 728 202 .878 216 . FYR Moldova Montenegro Poland 3 – – – 1 1 .610 3.967 375 14 13 131 2.360 461 1. 1 19...434 470 299 402 2 .. – 12 1 100 73 – 11 5 6 14 10 325 3 254 925 30 35 43 15 – 10 3 .252 23.. . .409 .. 18 47 276 522 4.. 1.736 . 10 223 660 2.892 235 17.227 Albania Belarus Bosnia and Herzegovina Bulgaria Croatia 2 – – – – ..663 2 172.539 3. Serbia & Montenegro Residual Europe – – – – 17 41 . 8 17. 6. 1 .249 61.736 9.139 3 1 60 424 10.067 2. 18 17 1 .580 – – 2.....507 7 80 – 210..632 61 Lithuania Macedonia. December 2011 Portugal Spain Sweden Turkey United States 76..130 – ..464 125 1.382 333 554 13 – 6 – 5......337 5.220 13.602 52. 165 50....320 – 8. . 28.. 6.294 1 846 ....

929 69.981 936.328.873 409 6.837 104.035 1.432 33.611 23 72.041 3.027 1.230 742 3.674.524 155.421 3.492 36.687 188.204 33.763 2.194 5.741 1..611 920 453 19.832 169.906 2.850 17 51.384 373 36.761 288.189 222 85 42 102.570 6.254.841 773 34.418 1.454 6.787 14.537 1.652 1.403 1.946 180.759 133..120 77.036 5..850 5.102 485.128 184.434.521 496 130.387 227 30.044 501 88.008 16.745 – – 2.250 5..007 79 51.562 4.696 2.221 3.573 224.220 1.754 2.082 1.386 1.407 1.197 26.052 51. 35.023 29.407.788 122.917 962.997 1.993 1.922 198.242 49.050 1.028 18.787 4.835 302.279 2.714 99.752 3.379 92.260 1.958 60.238 495.386.819.008 163.827 31.161.983 1.347 297.770.792 47.789 .559 900 292.780 3.106 15.322 65.490 968 60.853 106.917 756 458 .432 808.581 17.441 182 6.092 407.643 8.448 73.102 10.420 19.820.569 728 912 .125 829 1.457 11.028 17.109 2. 11.537 125.799 590.485 101..567 4.092 254.500 3.058 32.694 11.935 329.119 3.375 492.819 27.925 Australia Canada Japan New Zealand United States 572.366 2.998.145 379 155 3.036 422.391 1.771 Austria Andorra Belgium Cyprus Denmark 287.869 63.453 38.761 4 21.367 4.373 10.858 888.745 11.214 48.802.353 394.406 Iceland Ireland Italy Liechtenstein Luxembourg 9.048 110.340 38.781 136.988.278.147 7.664.467 29.557 1.158 4.211.284.044 82.453 74.600 61.573 695.560 10.. 107.031 Aruba Bahamas Bahrain Barbados Bermuda A 84 BIS Quarterly Review.516 73.733 143 23 509 38.036 701.327 922 433 88..027 1.714 79.679 284.353 .973 890.422 21.767 71.144 2.576 33 21 8.238 65.182 100.779 21.928 42.059 14.819 150.001 791 264 700 17.826 Other exposures (not included in Foreign Claims) Derivatives Guarantees Credit contracts extended commitments V W X 3.605 Jersey Lebanon Macau SAR Mauritius Netherlands Antilles 116.640.487 20.821 48.919 539.373 71. Panama Samoa Singapore Sint Maarten Vanuatu West Indies UK 43.152 4.754 422.425 125.265 249.808 712.128 8.069 39.838 9.819 120.993 161.366.339 54.701 55.564 786 37.803 538.094.249 1.666 1.461 2.580 245 34..704 Curacao Gibraltar Guernsey Hong Kong SAR Isle of Man 7.197 156.423 15.193.082 8.312 1.082.440 950 102. December 2011 .157 839 347..864 16.685 616 403 80.195 21.537.080 .449 310.801 1.451 357.052 38.711 178.030 821.307 8.065.712 751 102 1..343 938 128.639 75. 106.847.096 67.259 2.780 383. 3.969 5.319 294 24.076 – 269 14 12 1 783 15 655 1 344 3 55 20 288 Slovenia Spain Sweden Switzerland United Kingdom Vatican Other Other developed countries 7.715 1.523 Estonia Finland France Germany Greece 20.558 1.251 .769.319 4.533.482 21 4.269 39.526 127.511.479 117.973 221.431 12.797 5.878 3.173 9.322 477.239 1.334 2.223 81.325 7.262 7.698 8.330 205 3.790 2..198 312.806.654 25.688.222 977 3.123 29.395 130.564 92.925 .631 6..772 206.265 325.705 31.244 36.643 17.455 88.477.650 72.070.342 1.107 155.245 233.619 9.Table 9C: Consolidated foreign claims and other exposures of reporting banks .562 266.909 1.556 223.694 18.955 6.819 6..873 86 1.552 204.196 816 126 84.336 37.486 255.476 631.317 4.303 10.434 91.803.685 3.409 3.585 71.802 16.039 2.355 36.050 2.839 2.989.028 21.430 77.838 15 1.684 34.920. 227 1.971.984 Malta Netherlands Norway Portugal Slovakia 18.827 126.475 5.459 2.300 971 41.829 67.290 .506 853.891.110.874 363.303 808.910 2.969.523.002 1.409 183.035 46.584 17.512 6.740 1.019 284 120.029 23.006 Cayman Islands 607.283 4.935 247.231 – 4.520 5.400 502.344 122 1.347 3.097 75 50.149 1.003 108.239 252.943 3.264 51.632 74 87.968.910 739.606 1.441 4.671 1.629 799.552 340.631 252.124 716 5.939 16.905 9.450 358.196 27.938 217.798 9.168.568 10.ultimate risk basis On individual countries by sector and type / Amounts outstanding In millions of US dollars End-June 2011 Claims vis-à-vis All countries Developed countries Europe Consolidated cross-border and local claims in all currencies Total Foreign of which of which on Claims of 24 Banks Public sector Non-bank cross-border countries private sector claims S F G H T 26.680 1.026 322.800 82.988 20.362 256.315.438 1.266 5.752 125 80.829 96.784 202.949 162 7 1.069 150.721 4.110 623 1.520 77.906.852 12.249 244.601 22.160 2.906 1.716 475.091 72.796 64.128 89.334 109.542 513.601 538.482 22.211 1.868 1.951 264.728 38.772 437.593 3.106 9.053 444.953 508.147.010 118 18 7.103 578.420..988 465.270 2. 8..672 2..791 Offshore centres 1.557 153 100.779 224.825 2.419 370.199 4.

890 – 4 18 – 25.675 724 937 851 Lesotho Liberia Libya Madagascar Malawi 7 27.645 Other exposures (not included in Foreign Claims) Derivatives Guarantees Credit contracts extended commitments V W X 193.440 185 9 17 34 260 18 – 7 33 625 8 10 231 294 2.203 – 411 329 77 88.738 4.971 7.345 28 43 77 2.602 53 48.568 313 93 154 3.195 98.488 78 3.282 – 80 6 – 10.126 23 568 5 – 16.296 5.780 1.557 27 1.899 2.185 26 10.183 – 75 1 – 23 4 541 101 14 167 7 1.458 408 496 28 – 588 44 4 – – 4.027 128 53 313 1.774 378.629 593 8 159 675 3.230 77 495 479 47 16 – 16 – 4.836 7.121 18 8 159 633 1.384 1.190 3.759 2.372 – 74 564 – 3.031 2. December 2011 A 85 .014 742 312 – 4 773 5 3 89 219 5.307 2.479 746 385 5.353 1.218 79.060 1.060 23 561 4 – 8.506 15.617 128 3.499 31 96 34 – 12.621 123.782 974 2. Helena Sudan Swaziland BIS Quarterly Review.045 1.392 61 – 23.242 2.862 1.355 515 8 4.335 144 8 122 101 14.202.713 1.287 990 43 61 287 3.047 343 5 51 – 2.736 1.107 1.696 686 147 18 – 6.541 1.416 246 828 8 7 26.344 3 930 226 – 239 128 3.599 8 5.809 191 545 334 100 130.079 1.464 455 64 Niger Nigeria Oman Palestinian Territory Qatar 143 8.169 221 137 – 19 21.738 16.086 11 3.011 – 3.540 315 122 6 53 8.965 1.310 27 – 424 Iraq Israel Jordan Kenya Kuwait 1.658 474 7 35 16 19.386 8.467 913 356 2.637 230 8 2.208 11 1.265 2.965 46 2.609 129.283.446 135 6.109 1.909 22 924 1.379 1.489 16.553 159 19 129 314 1.146 31.155 10.188 28 8.499 5.867 19 2.844 Rwanda Sao Tomé and Principe Saudi Arabia Senegal Seychelles 96 35 64.921 31 218 56 5.428 949 37 61 177 988 695 37 66 – 12 – – – 36 482 100 – 24 4 223 581 – – Comoros Islands Congo Congo Democratic Republic Côte d’Ivoire Djibouti 19 255 361 3.216 349.149 – 1 4.779.421 1.510 169 99 9 Mali Mauritania Morocco Mozambique Namibia 324 367 26.168 – – – 116 9.234 354 33 23 250 5.144 100 5.248 96 35 61.405 290 214 367 12.450 37 66 156 232 424 – 5 – 720 77 – – 21 2.604 961.404 601.797 1.771 22.026 23 54 295 100 30.049.847 – 102 – 23 25.392 111 10 359 97 4.623 9.608 74 4.677 3.) End-June 2011 Claims vis-à-vis Developing countries Africa & Middle East Consolidated cross-border and local claims in all currencies Total Foreign of which of which on Claims of 24 Banks Public sector Non-bank cross-border countries private sector claims S F G H T 5.976 609.570 439 – 30 553 24.280 Algeria Angola Benin Botswana Burkina Faso 8.718 10 – 7 20 12.128 255 8 4.583 3.958 5.816 19 32.763 185 – 15 – 63 16 – 168 94 417 19 5 69 70 87 – 40.703 – 21 65 11 – 53 64 41 198 9 Egypt Equatorial Guinea Eritrea Ethiopia Gabon Gambia Ghana Guinea Guinea-Bissau Iran Sierra Leone Somalia South Africa St.269 553 2.199 13 784 58 – 1.622 3.256 28 – 181 163 216 21 – 1 – 212 – 7 27.834 806 515 2.599 408 1.986 14 43.785 56 9.749 3.014 820 – 180 213 21.Table 9C (cont.042 1.111 36 170 47 Burundi Cameroon Cape Verde Central African Republic Chad 177 3.432 50 – 282 738 146 5.771 1.079.

213 73.113 47 5.157 144 212 1.992 29.542 38 5.253 30 84.266 84 – 82 201 9.695 173 201 37 – 16.989 – – – 10 171 – 18 1 42 7.329 1 211 7 66.930 930.562 1.271 1.880 870 547 190 2 7.001 3 – – 6 33 – 24 27 540 1.801 – 1 United Arab Emirates Yemen Zambia Zimbabwe Residual Palau Papua New Guinea Philippines Solomon Islands South Korea Wallis/Futuna Residual A 86 BIS Quarterly Review.005 2.530 109 2.922 297 181 39 – 18.661 33 33 70 – Asia & Pacific 1.076 892 1.280 – – 1 – 1.948 2 44 733 4.403 84 – 34 194 4.632 4 1 149 – 3.343 – 1.289 2.893 – – 423 6 13.767 8 286 236 – 1.452 47.596 – 534 20.563 25 4.799 28 1.047 419 – – 51 3.338 1 4 91 116 764 10 23 867 3.164 1 2.417 72 7 254 46.884 76 2.155 512.381 11.002 88.498 7 173 41 285 31.208 1.286 – 1.483 4.811 20.368 61 40 329 7 1.206 – 255 22.297 – 16 70 24.276 784 372 512 381 2.937 381 7.340 3.252 336 75.581 5.048 13 61 136 861 1.833 343 298.520 13.737 75 2.532 939 175.168 8.117 162 260 325 1.468 – 32 30 41.910 27 35.735 5 131 22 33. December 2011 .665 3.034 – 1.255 2 133 323 86.916 – 129 217 239.091 8.Table 9C (cont.024 3.483 4 70.432 38 184 367 145.138 281 36 2.567 8 286 244 13 67 1 82 203 218 – – 30 – 342 32.642 4 129 4.427 Sri Lanka Tajikistan Thailand Timor Leste Tonga 6.329 38 28 366 42.503 31.898 – 161 1.890 11 22.775 32.624 10.724 – 233 – 19.269 53 59 80 35.494 1 3.315 6.043 Maldives Marshall Islands Micronesia Mongolia Myanmar 576 32.599 – 19.051 50.332 – 1.304 – 18 575 13 1.054 24 11 225 868 1.542 Kazakhstan Kiribati Kyrgyz Republic Laos Malaysia 18.615 30 27.257 91.776 767 178.606 – – 7 245 2.367 93 139 748 3 16.681 76 11.307 – 1 1.093 4.256 289.536 21.592 – 32.566 11.309 2 – 4 13.282 – – 56 7 11.351 – 7 2.417 3 68.125 186.739 76.664 176 349.174 62 91.420 1 1 2.205 5 644 102 – 86.765 – – – 3 2.952 4 67 3.567 7 11 3 29.669 431 489.055 139 242 150 34.428 32 10 95 – 28.329 Fiji French Polynesia Georgia India Indonesia 1.119 – 1 356 1 4.273 8 13 16 Nauru Nepal New Caledonia North Korea Pakistan 4 308 6.194 2.464 276 2 78.290 416 2 22.197 Afghanistan Armenia Azerbaijan Bangladesh Bhutan 88 1.268 1.980 41 80 9 – – – 32 80 15 80 – 1 4 22.400 15.963 1.746 869.377 65.) End-June 2011 Claims vis-à-vis Syria Tanzania Togo Tunisia Uganda Consolidated cross-border and local claims in all currencies Total Foreign of which of which on Claims of 24 Banks Public sector Non-bank cross-border countries private sector claims S F G H T Other exposures (not included in Foreign Claims) Derivatives Guarantees Credit contracts extended commitments V W X 379 1.575 92 131 2.817 389.778.879 317.247 28 British Overseas Territories Brunei Cambodia China Chinese Taipei 75 3.119 1 91.542 – 8 Turkmenistan Tuvalu US Pacific Islands Uzbekistan Vietnam 84 – 90 206 18.662 36 19 13 17.137 81 127.292 20 – 24 156 104 191 – 3 265 5.977 689 2 13 – 228 1 2.151 174.441 3.349 – 42 8.998 4 165.153 – 29 559 2 1.126 189 5 564 9 1.133 24.342 113 166.852 – 36 555 3 2.123 211 181.211 11.

198 24.185 6 – 1.392 – 274 63 46 117 2 389 24 1.728 883.238 177. organisations Unallocated BIS Quarterly Review.435 121 2.295 28.882 116.458 36.345 955 6.259.431 2.319 112.666 4.598 381.987 44 252 3.850 2.159 81.413 238 6.088 193.524 21.166 175 75 1 – 10.660 – – 188 61 16.980 36.494 57.127 24 79 2.172 1.339 105 7.367 282 17 – 76.Table 9C (cont.014 353.112 26.592 259 26 198.534 361 3.291 647 162 558 11.243 1.423 12.110 50.166 156.886 127.816 38.897 5.941 11.425 555 1.572 25.632 1.594 120.987 83.334 95.629 472 17.504 70 115.729 5 37 25 178 3.656 871 1.513 1.116 2.281 38.390 155.901 32.619 2.813 131.002 3.059 648.597 36.476 239 3.556 692 92 567 4.494 2.544 9.856 949 7.750 24 36 869 2.416 90.065 176 51.110 – 27 643 811 4.295 280.841 4.797 23.933 9.661 15.269 2 – 1.444 112 325 94.703 8.983 128 163 49 752 3.117 192 – – 15 15.047 110 138 25.019 13.528 Nicaragua Paraguay Peru St.316 195 158 34.212 1.068 149. Lucia St.138 3.475 45.401 12.775 46.797 12. FYR 213.761 353 Moldova Montenegro Poland Romania Russia 807 1.438 1.216 Czech Republic Hungary Latvia Lithuania Macedonia.242 537.061 97 526 2 400 1.963 5.443 4.888 24.357 15.335 265 1. Serbia & Montenegro Residual Europe 28.169 21.550 316.049 21.612 197 120 1.400 197.195 21.299 522 1.215 26.563 10.944 38.176 30 1 61 105 53.258 6.978 4.042 116 3 – 227.972 415 265 – 23.431 6.533 63 42 516 3.438 87.667 61.099 2.482 560 2.139 216 968 3.323 9.647 1.771 25.361 5.943 4.012 196.697 239 25.768 2.413 21.022 268 26 568.630 21.782 19.625 2.133 6.) End-June 2011 Claims vis-à-vis Europe Consolidated cross-border and local claims in all currencies Total Foreign of which of which on Claims of 24 Banks Public sector Non-bank cross-border countries private sector claims S F G H T Other exposures (not included in Foreign Claims) Derivatives Guarantees Credit contracts extended commitments V W X 1.012 1.359 1.496 134 3 19.707 33.832 2.042 1 330 8.887 1.903 843 90 5 653 1.261 901 3.280 202 705 3.963 1.927 4.605 222 233 2.227 77.440 11.492 18. December 2011 A 87 .845 341 1.235 8.687 79 1 20 488 9.345 Albania Belarus Bosnia and Herzegovina Bulgaria Croatia Latin America/Caribbean Argentina Belize Bolivia Bonaire.388 7.344 737 134 1 498 5.742 216 485 135 3.074 49.411.131 10.014 1.541 1. Vincent 374 2.027 72.258 – 37 4.422 1.465 – – – 200 372 193 800 1.748 76 407 8.601 9.129 20.459 548 136.667 225 759 4.624 1.066 26 3.816 183.192 12.438 6 474 5.013 20.343 100.050 567 23 1 731 – 10 7 70 15.634 180 1.044 27.534 1.395 18.812 1.635 14.611 728 1.135 6.091 2.162 6.748 425 9 2.001 82.275 12 34 – – 73 622 692 – 3 333 219 401 5 3 68 Guyana Haiti Honduras Jamaica Mexico 262 214 2.763 41.984 1 53 822 388 42.101 7.950 17.121 453.691 38 226 1.390 44.194 34.541 18.501 110.066 44 2.605 125.501 998 2.193 5.317 1.591 186 26 258 1.164 14.111 21.603 2 8 52 625 70.998 185 1 3 3.207 211 5 1.319 4. Saint Eustatius and Sa Brazil Chile Colombia Costa Rica Cuba Dominica Dominican Republic Ecuador El Salvador Falkland Islands Grenada Guatemala Residual Int.541 2.731 2.200 6 268 Surinam Trinidad and Tobago Turks and Caicos Uruguay Venezuela 361 9.352 509 2.089 12.122 57 239 36.560 544 1.623 248 26 263.834 79.203 4.621 147.938 23.706 44 60 – 102.807 298.371 385.672 Serbia Turkey Ukraine Res.889 4.160 16.167 26.150 534 84 – 106.948 2.716 196.378 653 1.

432 33. – 2.956 144..006 114 5..643 8.451 .329 .149 29.125 788 Jersey Lebanon Macau SAR Mauritius Netherlands Antilles 116.738 – 1.887 .000 196.930 282.633 35.362 720 4.629 Austria Andorra Belgium Cyprus Denmark 287. 20. – 2 69 72 – 76 9. . 479 14 – 9 .106.784 202.144 25..906 1.789 .. – ..153 1..304 16 722 62. 2. – – – – 1 .090 378. – – – – – – – Slovenia Spain Sweden Switzerland United Kingdom Vatican Other Other developed countries 7.860 15 1.830 .672 17.003 7.126 948 579.332 24.029 23.922 120. – 10 – – – 704 134.451 4..Table 9D: Consolidated foreign claims of reporting banks ..749 – 56 18 35 115 .662 2.303 220...557 8 963 .769.363 Curacao Gibraltar Guernsey Hong Kong SAR Isle of Man 7.828 Malta Netherlands Norway Portugal Slovakia 18.239 1.600 30.495 4.694 18.012 – – .156 114.115 837.711 1.053 444..613 1.. December 2011 .450 358.962 5.076 15 1.949.670.607 2.265 43 – – – – – 2.865 2.. ..754 2.576 ...452 33.964 1.395 130.293 146 – 554 – .381 ..450 282.....870.782.. .495 – 3.026 322.042 566 – 1.266 5.669 ..111 221.008 81. . 8.432 808..500 European banks 18.956 33.706 . ..846 247..009 2. 87 1.611 268 2.. 127 – 11 89 21 50 ..312 1.. .225 2 46 37 – 1..328.106 266....059 273.892 13.679 2. 79 126 81 133 177 11 11 111 895 103 .010 593.652 4.152 11...607 265. ..923 19.726 – – 36 – – 531 32.036 39...973 3..835 302.147 – – 3 – – 21.670 14...111 534..654 25.483 18.533 3. .825 1.969 5.200 50 108..919 539..234 447...426 669 3. 2.083 11.447 – 3. .920 .688.795 1..970 1..510 8... .807 – 471 14.168 .695 352 3. 10. 17.846 1. – 506 11 24 342 ..275 114... 3.. 3.929 28..891.379 23. 301 1.785 1. 7.284.039 17.185 .358 4.511 8...666 1.008 163.007 32.728 38...363 710 56 28.458 1.707 184.337..887..779 2.133 Australia Canada Japan New Zealand United States 572.724 810..810.. 4.626 24.362 256.771 2....218 64.125 4.214 4. – 166 15 .805 219 1.405 247.422 35. – – – 5 – .585 24.910 739..430 416 3.907 . 229..906.073 1.448 73.307 643..796 – 18.998. 28 8...961 Aruba Bahamas Bahrain Barbados Bermuda A 88 BIS Quarterly Review...847 20.904 1.303 808...171 1.. 1.197 307.090 957. 106.993 20.034 4.120 55.283 11. 1.441 24..433 172 .640.449 310.098 20.672 2.ultimate risk basis On individual countries by nationality of reporting banks / Amounts outstanding In millions of US dollars End-June 2011 Total of 24 countries 26. 1.830 25.330 339 10. 11.631 6..461 134 62 63.806 38...284.056 23.727 .238 495.437 Cayman Islands 607. 360 .679 613...327 922 433 88. 4.988 465.093 6.943 257 185.966 2.669 71.803 28 24.. 3.504 – . .803 538.589 924.236 440.864 19.278 560....968 2. ..787 – .815 1.560 .979 55. 10.238 13. – 3.567 8.. 289 483 1.557 27.163 556 138 16.647 .394 8. 277...667 ...552 204.373 578 106.789 419...507 2. Panama Samoa Singapore Sint Maarten Vanuatu West Indies UK 43.258 621.769 241..024 .739 Iceland Ireland Italy Liechtenstein Luxembourg 9.387 ..975 .002 66 25.735 39. 260 .770.757 .964 13..583 2..850 19...829 67.517 .526 1..972 196.220 1..981 936...002 41..014 800.719 9.214 2.023 360. – – – – .030 32.833 3.920.837 Estonia Finland France Germany Greece Claims vis-à-vis All countries Developed countries Europe Australia Austria Belgium Canada Chile France 651.958 182.810 .547 6.146 – 1.370 1.166 227.495 16..247 8. .521 1.. 150..475 5. .. – 2..190 Offshore centres 1.604 2. 3...955 6.614 380.147..136 381.547 27 5...731 1 21...178 16.339 .050 265.881 . .854 ..907 20.629 3.. . 38 .958 1....229 16..501 13.015 416.. 6 .642 – .317 4.443 87... 19.

.629 593 8 159 675 34... – ...431 883 46 . . . ..602 53 48. . ..622 3.321 2.965 53 5.901 ..540 494 8 4.... 10 ..... . 453 1 5 86 – 404 – ..330 – 485 65 40 0 .... . 2 ....246 ..256 28 7 25. 145 . ...583 593 – 149 575 . – – – – – .738 16. – – – ..228 103.583 3..682 14...175 . 108 . – 135 361 146 5.. 3... .375 402 1.958 2..044 492. ... – – .... – 11 – – – 187 3.079 1.....379 1..604 601..... . . – .440 185 18 229 312 3.355 515 8 4.......730 2.018 578 647 2.. .......195 European banks 3....049. ... – 1..488 78 3......842 9.. – ........254 24 – .870 863 – – – – . 27 ..450 37 66 163 3. . 59 19 1 – – . 2 5 14 – – ...414 5 561 ... Mali Mauritania Morocco Mozambique Namibia 324 367 26.042 1.107 Burundi Cameroon Cape Verde Central African Republic Chad Comoros Islands Congo Congo Democratic Republic Côte d’Ivoire Djibouti Claims vis-à-vis Developing countries Africa & Middle East Australia Austria Belgium Canada Chile France 47.. 181 .. – – – – – – – 285 303 23. 127 . .738 181 70 Niger Nigeria Oman Palestinian Territory Qatar 143 8. ...909 2..126 23 568 331 100 110.. – – – – 25 ....950 Rwanda Sao Tomé and Principe Saudi Arabia Senegal Seychelles 96 35 64..223 130..734 12 497......919 – – .. 166 17 – – 1 .. . – – – – – – 20 202 244 .....199 143 4. 8..... .. 5 – ..447 37 60 – – – – – .. – – – – – – – – – 5..147 – . .. . ..........874 2.369 2.. Helena Sudan Swaziland BIS Quarterly Review. . 5 . – – – – – – – ....448 276.009 4. – – – – – – – – – 15..016 1.... December 2011 A 89 .060 ....672 1.373 1.... Egypt Equatorial Guinea Eritrea Ethiopia Gabon Gambia Ghana Guinea Guinea-Bissau Iran Sierra Leone Somalia South Africa St.217 .. 0 – – 311 – 0 – – 1 – 0 – . 42 40..Table 9D (Cont. – ..286 Lesotho Liberia Libya Madagascar Malawi 7 27.971 7.118 2..589. ...127 Iraq Israel Jordan Kenya Kuwait 1. 754 177 3.345 – – 101 . . 5 48 – – – 1 .228 6.182 66 – – – .904 101. .. .. 26 – 162 1 – 25 – .599 408 1...... 4 35 – – 3 – – – – – – – – – – 11 2. 2 10 54 2 1 – – .. . 0 ..771 22.071 53 37.269 1.990 7..392 96 35 55.. – 15 13 69 1 – 251 . 1.. .568 313 309 360 26.. .885 7.. . ..... – 24.. – – – – – 33 1.562 308 – – – – – . .561 1........... 678 ....479 48 2. .738 4.541 696 334 100 130.749 3.716 Algeria Angola Benin Botswana Burkina Faso 8. . . . – 904 – 0 .. .284 3. .) End-June 2011 Total of 24 countries 5.386 8.... .. – . . 146 1 – – – 169 – – – – – – – .. 178 1...440 19 35 57 19 255 361 3... .. – . ..

.677 52 10.. 2 20 48 ... 673 – – – 124 – . – – – . – 962 ...253 30 84.317 Kazakhstan Kiribati Kyrgyz Republic Laos Malaysia 18.... 3 ...... 5 .373 8 236 238 – . .. .... .. ... United Arab Emirates Yemen Zambia Zimbabwe Residual Palau Papua New Guinea Philippines Solomon Islands South Korea Wallis/Futuna Residual A 90 BIS Quarterly Review. . 3.000 966 1 – 2 532 22 – – . – .. – 9 35 4 .349 – 144 15.348 2..299 – .....343 85 5. .) End-June 2011 Claims vis-à-vis Syria Tanzania Togo Tunisia Uganda Total of 24 countries European banks Australia Austria Belgium Canada Chile France 379 1...... .550 3 .265 1...145 299 263.611 ........937 381 7.. . ........290 416 2 94.117 368 1.... – .432 38 184 367 145..268 . ..258 – ... 208 5..883 30 23. 3 70 . – – – 308 – ........230 ...646 16. .335 Afghanistan Armenia Azerbaijan Bangladesh Bhutan 88 1...... – – – – – 965 – ......... ..589 Sri Lanka Tajikistan Thailand Timor Leste Tonga 6.996 – . – . .... – 143 . – . ... ..913 6. .374 845 ... 77 .268 1.. ....158 165 – British Overseas Territories Brunei Cambodia China Chinese Taipei 75 3. .256 289.899 1. ..403 84 – 35 203 9. ....835 – – – – 16 – ........... – – – – – – .083 1. 11. 1 1..868 12 ........048 13 77 1..367 93 139 4... Nauru Nepal New Caledonia North Korea Pakistan 4 308 6.... ... .....151 174..Table 9D (Cont. – 5.385 ... .669 431 489.....093 4.. 3 ... 122 .....638 – 32. .. 21 .250 41 80 41 – – – . ....631 14 306 1 3.. 1 ..... – – . .. .. . .... . – – – 1 – . . 46 . December 2011 .194 2.. 155 ..567 8 286 244 531 32..916 67 2.960 405 2 1.117 – 4. 8 . 63 1. – 13 – – .. 249 60 . ..... .691 – ..075 159. . ..640 91.061 4. – 10 1... 374 – – 1..562 1.. – – . . ...608 448 139..581 5..946 845 – . – – – – – – – 6...550 4..664 176 349. ..778.. 8. – – – ..775 32.. 20..141 – – .. 287 6. – – – 699 294 . 119 ..219 Maldives Marshall Islands Micronesia Mongolia Myanmar 576 32.681 76 11. Asia & Pacific 1. 2 2 – 141 1 – – – . .096 36.....778 36 184 310 59.600 41. – ..335 – – – – – – – – – 12.018 158 127. – – – – – – – – 53 2.938 24.... 5.. .. – – .. .155 935...244 2 187.. – – – – – – – 368 – 2.. – .376 ..557 – – Turkmenistan Tuvalu US Pacific Islands Uzbekistan Vietnam 84 – 90 206 18. – – – – – – – – . 2..269 111 – . – – – – – 229 . – ....901 Fiji French Polynesia Georgia India Indonesia 1. – .. .681 367 6... 2..483 14. . .898 3 277 6... ..250 92 – – – . 160 56 32. – – – 1 . 979 ..002 88.066 – – – – ..315 6.... . ..085 4...271 1.... 1......448 . .. 526 – 2 – .

807 279. – 4 – – – 28...797 807 1... 38 3. 1... . 49 – 1 – 833 – 1. .....356 6. 282 406 .. 18 18 ......938 23. ..890 38.901 – .. ...194 34... 1.. – .. 2 1 1 – – 6 685 .854 . – ..290 817 482 72. – . . 4.. 15 85 335 1...747 ..725 149 1 1 3 18..033 28. . 2.658 3.. 40.. .634 678 2. 8.453 86.. – – .... – – . . – 24. .368 181 26 416...296 110 – – – .215 31... FYR Moldova Montenegro Poland 25........001 82. 301 1.908 .804 380 .482 7.294 Turkey Ukraine Res. – 5 .628 – – ....... 9 2 .... Lucia St.433 20.143 16. . 6....556 692 119 2.411...... 11 – 14 .166 855... . 198 – 3 – – .. ...611 2. 970 15.139 216 968 167..493 961 237.361 5..694 22 .049 21.635 129 417 – – ...... 88 7.605 125...840 417 4. Saint Eustatius and Sa Brazil Chile Colombia Costa Rica Cuba Dominica Dominican Republic Ecuador El Salvador Falkland Islands Grenada Guatemala Residual Int. . ..768 47 ..770 7..) End-June 2011 Total of 24 countries 1.893 633 266.379 Czech Republic Hungary Latvia 213. .793 801 1...131 10. – – – – 42........... – – – – 16 – 3 . 20 . 4 .598 381..821 . Claims vis-à-vis Europe Albania Belarus Bosnia and Herzegovina Bulgaria Croatia Latin America/Caribbean Argentina Belize Bolivia Bonaire..162 6. – – – – – .270 82 1. 27....850 31..259... ....722 810 .294 17.993 .222 160........ 6 16 – ..834 3.Table 9D (Cont. ..380 .807 298...359 1..... Lithuania Macedonia.044 27. 414 . 2 1 . 1.591 35.. . 854 .. Guyana Haiti Honduras Jamaica Mexico 262 214 2.339 242 103.. ... 8... . – 75.. .. 3....023 – ..215 . .. – – – 8 5 10 .944 38...555 244 51.390 36.852 23. . . ... – – – .. – – – .897 21. December 2011 Australia Austria Belgium Canada Chile France A 91 .651 .886 127.835 1..633 1 968 .270 41..063 .427 ..892 . ..299 1.753 – 5. – .685 Nicaragua Paraguay Peru St. – 44... .... ..702 .. .....088 European banks 1.....400 197..597 36...540 81.. . 2. – – – .186 69 .856 949 7.515 4.991 1....... ...812 1..061 40 2..771 208. ..028 120... 151 ...198 2. – – 4.. . . .963 10... 3 267 – – 23 – 166 .757 Romania Russia Serbia 116.402 – ... 43 Surinam Trinidad and Tobago Turks and Caicos Uruguay Venezuela 361 9..882 25.232 4. – – . .. .191 131 5. – – 1...309 ...150 2. organisations Unallocated BIS Quarterly Review..958 4 185.047 28.055 .948 2.441 5..258 6. – – 157 – – – . 181 33 ..002 6.. .319 112.476 239 3. ......122 31 4 1.747 35.226 2..307 – 50 1 1.... 302 70 19 – 6 . 6.. Vincent 374 2. ....304. – – – – – 97 ..918 .987 44 252 3.. Serbia & Montenegro Residual Europe 196..925 – – – – .984 2 19 1..300 96. .621 9...022 268 26 568. .716 114.. 140 598 .. ..267 1. .431 6..... 10 – .. – – . .625 2.388 – ....543 207 – – – – – – – – – – 855 .. .117 41.

975 214.179 346...873 19 4. Germany Claims vis-à-vis All countries Developed countries Europe Vatican Other Other developed countries Greece India Ireland Italy Japan Portugal 135...214 5...732 51.581 5.943 344 27 450 316 339 Estonia Finland France Germany Greece 535 17.202 65 377 22 825 12. . 806 3 1..064 1.331 56. .977 261.581 778. ..099 2.420 511.567 356. .. 110 7.050 – 51 – – ... 13.658 1. 1.521 558.282 6..238 309 4.330 48 445 588 65 1.213 170. .... .149 1. Panama Samoa Singapore Sint Maarten Vanuatu West Indies UK 6..181 2 . .879 40.855 1.182 ... 14 671 .Table 9D (Cont...780 149 5.047 Netherlands 1.203 110.715 7.231 28 25 32 . .763 162..233 1 120. 15.. 212 212 43 1.592 272..482 27.105 .882 152.986 57.363 311 293 924 .961 962.217 221 640 . ..509 161. 349 10 11 1..661.003... ..889 45.451 3.024 125 – 327 11. 8 14 .520 191 2. .. 50 .517 161 76 28 .393 . .421 70 .039 2.) End-June 2011 3...309 6..157 401 .592 1..149 32 76 – 1. .769 10... .272 Austria Andorra Belgium Cyprus Denmark 90.212 706.371 4.. ..043 .631 26 64 33 5 5..894 647.005 1 5 22 Cayman Islands 52. 601 25...633 29.144 2.. 1.886 19..757 1.536 110.009 35.989 601 17.405 3.850 137. .848 24. .902. 2.843 .363 . .792 3.560 831 448 1.243 145.666 2.837 Curacao Gibraltar Guernsey Hong Kong SAR Isle of Man .237 50.683 30....299 14. 16...932 19.889 30 169 306 . 793 Aruba Bahamas Bahrain Barbados Bermuda A 92 BIS Quarterly Review.407 704. – – .908 107.429.429 4.884 8.586 40 26..494 9.256 646 2..542 6..523 1.493 .906 8.024 1...277 336.545 7..831 6.156 .350 11.. . 248 27..044 105 37.109 227 126 3.379 4.321 2...771 41 .267 51.081 279 238 35 1 5..768 Offshore centres 160.548 29..405 13 3..172 12. 4. 6.014 . 359 981 ..375 401 398 .765 104 26.752 87. 1. 8.131 Iceland Ireland Italy Liechtenstein Luxembourg 4..563 60.156 2.465 37. ..096 714 2. 50.266 28. .742 109... 5.316 223.. .136 63 29 – 306 1..395 593 10..549 Malta Netherlands Norway Portugal Slovakia 2..111 .403 63 43....736 1..231 177. 2..992 7 9 179 252 19 1 .831 35.. .235 200.763 .. 112 917 1.279 80.......161 1.285 ....194 2.666 9.260 39.204 ..886 3.525 1..508 13.521 16.633 29.. 1.924 751 . .363 47.125....306 2. .609 – – 13 – 60 – 75 707 – 10 .999 38 23.979 3.512 ...596.621 1.. 179 1 – – . 443 – 12.902 103.. ...285 ..090 19 105 59 740 5.852 4.. .321 Australia Canada Japan New Zealand United States 41. 12..268 1. 2. 4.297.844 2.802 7..728 – 4.222 12.294 280 20.. 21.938 ...104 164 1.... .147 57..741 1. .281 3 1.768 6.321 732 7. 841 5.262 .. .557 652 14...864 105 42. 14. .. 6.854 2.066 5..249 .....573 .031 – 14 13.106 541 18. 50 . 5 43 1.694 61. 3.917 35 492 511 1 895 8 328 233 – 218 – .791 8.496 3.144.883 12.....808 27 . December 2011 .294 679 77...641 165.924 1 1.. 6.348 10...040 – 143 – – 602 101 ... – .372 3 2 1....384 14..165 415..947 284.452 .193.484 4 – 1...185 234 1..958 693...132 555 42 43 1 682 214 Jersey Lebanon Macau SAR Mauritius Netherlands Antilles 25...780 44. 43.951 114.. 36..059 3 2...621 812 128 10...322 85.927 3...647 14. 9.316 52.... .... 85 Slovenia Spain Sweden Switzerland United Kingdom 4.520 4..447 48..067 219 ...

... 1...... 144 . 1 .... .... .220 A 93 . ... . . 11 .. .. .... ...... 1 16 – 15. 1 776 . ........ . .125 ... ..976 311... ...733 – – – – 2 5 2 2 .... Gambia Ghana Guinea Guinea-Bissau Iran – 263 4 – 1... .. .. – – 40 8 – ... 146 16 – – – – 1 – – – – 1 ...... 2 48 .. 1 44 – 1 – .. ... .520 9... ...... ........ . . .. ... .108 29 1 ... .. Germany Claims vis-à-vis Developing countries Africa & Middle East Algeria Angola Benin Botswana Burkina Faso Burundi Cameroon Cape Verde Central African Republic Chad Comoros Islands Congo Congo Democratic Republic Côte d’Ivoire Djibouti Niger Nigeria Oman Palestinian Territory Qatar Rwanda Sao Tomé and Principe Saudi Arabia Senegal Seychelles Sierra Leone Somalia South Africa St.. . – 20 221 2 – 175 .....344 469 236. ...598 83 2 806 49 361 10 158 207 . ..507 2 52 – – 2 – 18 – . 1 – 234 79 – .... . Helena Sudan Swaziland BIS Quarterly Review...... – 206 3 37 1 .. . 121 7 1 ...087 ............. 424 .061 – 3 19 – – – – – 6 8 12 9 5 .Table 9D (Cont...911 – 3 – – 251 1 0 2 – 500 8 6 ... . .. ...907 – – – – 5 3 38 11 ....042 3.. ... 15 .603 4. . .. . .. . ..180 .838 3 – 799 1....... . .684 30. ..423 .. ..... – 21 .. 6 140 11 11 164 37 1. 6......808 16 ...... 2 Mali Mauritania Morocco Mozambique Namibia 7 39 269 24 76 – 1 1 – – – – 6 5 – . .. 4 .... ........... Egypt Equatorial Guinea Eritrea Ethiopia Gabon 1... ...696 4 217 348 – 1.773 157 15 2.......... 3. .. 11 0 4 . 131 .. 1... .. 55 132 – 52 2 1 4.. .............552 61. .. .155 Netherlands 192.... . .. . .. . .. 3 . .. ... 0 0 .749 11. .. .. .....870 – 4 37 – 2 – 163 22 95 102 . 2 – 616 – 0 .. . – 56 117 – – 1 2 1 .. 33 1 ... .. .. .. ..116 – – – 146 637 – – – – 316 – – 10 – ... December 2011 Greece India Ireland Italy Japan Portugal 39..432 51 – 1 – 2. ... 4 14 85 ... 6... 14 – 1. ...658 94..... . 9 ... 5. . ..136 10 .960 4... 35 1 1 3 270 – 7...... ... 88 . 1 4 . . 1.... 140 3. ...888 . ..024 – – – – 1 24 55 132 .. 12 5 . 308 – ... 27 . ..... 1...... 15 ......... . . .764 9. 407 Lesotho Liberia Libya Madagascar Malawi – 9. – 5 .. 378 7 41 .. ... Iraq Israel Jordan Kenya Kuwait 968 1..022 ... . ... ... ...... . . . ...106 . 75 .... .560 – 144 1. ..657 1 5. 13 3 ....397 11..... . . . .... . 114 – 11 ... – – 3 15 24 – 1 – – – 1 10 ... ...) End-June 2011 355...497 123 1.

. . . ... 1 162 43 21 50 ... . ...457 2...660 8.. ..311 – – – – – – – 549 – 189 1 . ............. .. 7 .. . ....628 . 45 – 51 . . 24 23....... .. ...950 – – – – 38 ... 2 15 1 160 .. 429 70 22 . ..550 – – 1. .... 6......... .. . – 51 700 – 113 – .955 478 Afghanistan Armenia Azerbaijan Bangladesh Bhutan 6 111 933 245 – – 1 – 1 – 8 – 9 347 1 .... .111 2.. 51 . 1 58 8 Kazakhstan Kiribati Kyrgyz Republic Laos Malaysia 1....359 – 11.362 2. ... .. ............. 107 2 941 – – . . .. ... ..... . 100 3.... . Fiji French Polynesia Georgia India Indonesia 1 6 111 20..611 .... . .. ..... . 2 . – 71 ... ..429 61 65 1 – 16 .. . – – – 12 289 – – – – – – 19 .... 56 ......006 36 5 8 . ...... . .. ...... .609 459 – 15 58 890 172 ...862 – 43 218 – 2. ... ... . December 2011 ... .....932 195. 8... 1 25 53 ... ..... .. . . . .775 . British Overseas Territories Brunei Cambodia China Chinese Taipei 1 46 6 22... 212 . . . .) End-June 2011 Greece Germany India Ireland Italy Japan Netherlands Claims vis-à-vis Syria Tanzania Togo Tunisia Uganda Portugal 52 26 34 261 14 1 1 – – – 9 12 8 6 12 .. .... .. Asia & Pacific 104. . – 170 – 1 – 21 84 ... – 20 428 159 – . 90 .. . .... 17 – – 1........304 ... 15 ... 138 – – – .. .Table 9D (Cont. .. 5 .. ........931 . .. . .. . . – 55 12..... . .. 1.......... ..... .. .. .207 – – – – – – . ..674 – – – – 279 ... .... .... – 2. 18 Maldives Marshall Islands Micronesia Mongolia Myanmar 53 13.. .... ... 2 3 3. 1....... 204 – 32..... .. United Arab Emirates Yemen Zambia Zimbabwe Residual Nauru Nepal New Caledonia North Korea Pakistan Palau Papua New Guinea Philippines Solomon Islands South Korea Wallis/Futuna Residual A 94 BIS Quarterly Review........... ... . .. ...359 – – 93 14. ....... . ..362 128 21... . . . ...456 . 48. ..... .954 .....305 .... 3 88 – ....156 36 5 13 3... .. 6 Sri Lanka Tajikistan Thailand Timor Leste Tonga 351 1 3.811 14..683 – – – 39 . ... ... ... .. 157 – 483 504 .. ............169 51. ...652 74 1 . 3 219 14. . .....500 1 . .361 – – – 8 – – 2 14 498 49 . – . 9. . .. ....202 250 – ..508 – – – 1 – – . ... 1 25 ........860 16 – – – 1 46 .650 15.. .. ..... 3.. . 7. .749 2.... – – – – – .210 118 .115 5. . .. .... .687 – 19... 40. – – 62 ........ . ... Turkmenistan Tuvalu US Pacific Islands Uzbekistan Vietnam 84 – – 114 1. ...298 4 72 116 – 65 – 2 – – 3...... 2 . – – .. 31 .... 111 . .. . .....

.276 2. ...431 Netherlands 95. .916 263 Colombia Costa Rica Cuba Dominica Dominican Republic 783 429 207 – 578 1 – – – – 7 1 ... .521 1..692 1 . ..788 – 35 8........ 13 25 .. 13...355 1 .547 14 – 100 – . ...671 494 172 1 . 4. – . 7 2 .. . . ..501 – 12 71 59 13...... – 103 111 . ... Lucia St. 4.468 2. .757 8.. 4. Czech Republic Hungary Latvia 11..342 28..858 6. – 10 1... .. . 1 .794 A 95 ... .936 30 3 18 – 40....702 24. ..937 116 44 26 15. 1..803 319 2. 119 13 73 ..500 23. ...729 – 231 443 .. .... . ............. 42 8.685 – 2 – – – – 16 – ... ........... ........299 – – 50 80 .. .. 7.294 202 – 20 1 9 4 .. ... ... organisations Unallocated BIS Quarterly Review. . 33 103 64 – 93 54 14 2 .881 1 – 229 29 – .....009 3.413 195..... . ... ... – 3.671 23.249 – 1 13.. 1 ..505 9 10. . . 1.... 46. . ..461 1 . Saint Eustatius and Sa Brazil Chile Guyana Haiti Honduras Jamaica Mexico Nicaragua Paraguay Peru St.. 15 166 .781 22 1..808 19 23 – 22.. .757 180 .733 3.) End-June 2011 144.661 – 74 .... 21..401 Romania Russia Serbia 3.817 – – – – – 2 – 1 – 251 ..991 10.395 602 584 1. .. 40 600 11 83 28 520 102 ... ..322 22 16 265 2 Lithuania Macedonia..... .248 31 – ..518 1...257 1.. 12 12 – 2 51 23 1 ..755 204 17 178 46. 4.695 18 839 135 . ...092 .. . 73 .585 – – 30..545 ..346 8. – 1 ... 15 837 – 32....173 9 1.293 63 7.022 807 783 ..... 509 190 318 7 47.508 1... 7 17 1 . 437 886 17 121 1 100 25 1 .... Vincent Surinam Trinidad and Tobago Turks and Caicos Uruguay Venezuela Residual Int...338 7 145 737 – – – – – – 1 .. .. . ...270 3....... 16. ..840 5.305 8 548 334 6.. 16...931 6 3 5 – 55 . 394 20 4 ........ – 1..... ...086 659 20... 69 104 240 46 – ...929 35. .369 5.... .. . 1...... . .... FYR Moldova Montenegro Poland 1. ..686 531 7.... 7 Ecuador El Salvador Falkland Islands Grenada Guatemala 193 151 6 – 298 3 – – – – 5 – ... .989 62. .... 16 166 ....381 927 3 206 – 2 5 – .. .337 309 . 1 1 – – 223 263 8... 1 876 .. .. 4.214 267 3.077 67 1. .310 8 3.... .. Germany Claims vis-à-vis Europe Albania Belarus Bosnia and Herzegovina Bulgaria Croatia Latin America/Caribbean Argentina Belize Bolivia Bonaire.027 1...227 87. December 2011 Greece India Ireland Italy Japan Portugal 17..216 2.... . 3 – .. . Turkey Ukraine Res. 27 .. . ... Serbia & Montenegro Residual Europe 20.. 66 ..... ... .. . ..Table 9D (Cont. 3 . ... . . ... 11 187 – 111 931 25 159 – – 2 – – – 3 36 – . . .349 13..518 687 . ......616 34.861 .871 21.. . 1 45.

818 Austria Andorra Belgium Cyprus Denmark 5.548 47..867 195 2..146 22.649 6.668 1 3..017 2.453 4.620. Jersey Lebanon Macau SAR Mauritius Netherlands Antilles 1.060 1. 29.673 12..620 5.238 5.218 307.509 3.456 16. 46.103 – 513 – – 954 254 – 4.640 94. 1. 32.882. Spain Claims vis-à-vis All countries Developed countries Europe Slovenia Spain Sweden Switzerland United Kingdom Vatican Other Other developed countries Sweden Switzerland Turkey United States 3.765 2 8.Table 9D (Cont.063 806 193.259 4 3.678 Estonia Finland France Germany Greece 12 2.779 569 16..304 55.765 Aruba Bahamas Bahrain Barbados Bermuda A 96 BIS Quarterly Review.100 .983 – – 378 2.674 60...) End-June 2011 1.770 2.005 1.483 82 113 11.232 1.564 130 59...909 3.187 .700 Malta Netherlands Norway Portugal Slovakia 270 20.198 1.252 Australia Canada Japan New Zealand United States 4.546 12.379 .467 1.448 .. ...012 119 .602 964.900 139.350 5.582 107 .706 919.786 59.808 237.755 25..619 1.219 86 19 8.471 44.124. 50.869 88.. – 5 – – .620 1 19 87 .615 2. 439 63.357 .756 1.083 1.964 116.665 742 10.880 17.106 1.527 United Kingdom 4.746 – 208 53 359 2.500 1.438 14.033 89.283 629.133 15 154 15 12 414 – 274 3 2 3.139 565.178 18.389 .303 79. 54 7.730 601 38 75.167 ..613 831...794 4.617 201. 208.228 Iceland Ireland Italy Liechtenstein Luxembourg 344 9.295 .406 – 1 1.693 3.560 328.837 1. 4.633 859 – 393 305 810 184 424 356 9.560.572 973 52.350 543 2 – – 2 – 708 3.104 7.179..380 373 18 5....687 17 19 79 1 4. 3.033 620 125 5.700 65 – – – – 9 7.439 772 498 103.001 120 25..477.898 136.097 11.734 112 89.374 11.846 1.011 – – – 186 1 90 – – – – .950 746 63 377 .464.700 26.497 2 50 584 – 180 657 140...265 1.283 13...567 14 13.504 32.899 23.231 1..629 152...067 3.057 14 8..722 131.143..609 85 742 3.392 14 1 – 6.527 776.280 742.149 375 11..263 189..492 137.631 57.330 24 18. 5. 2 14. Panama Samoa Singapore Sint Maarten Vanuatu West Indies UK 2.557 390 138 638 49.871 982 180 229.693 – – 192 – – 83 997 7.549 1.212 .055 108..488 Curacao Gibraltar Guernsey Hong Kong SAR Isle of Man 101 27 592 6.016 10.907 .654 . 747 538 987 .565 768 547. December 2011 .574 8. 3 16.357 169 4.405 112..642 72 10.450 18.957 1. 17 17.991 12.375 151.. 54.567 305.466 164..443 13...156.802 737 100..768 19.721 172 1.567 14. ...753 .467 20.529 2.874 641.328 .794 5 – 1 ..246 280.959 1.776 426.043.723 2....231 38.234 Cayman Islands 7.565 55 28..810 27.155 18.212 39.355 2.966 493 54.709 8.325 662..916 727.707 2.088 82.416 72. Offshore centres 21.257 10.852 1.720 742 22.133 101. 2.728 4.850 73.894 488 – 225 .547.

.. .. 372 372 . .. 4.589 .....844 – – . 15 7 682 – 5 Niger Nigeria Oman Palestinian Territory Qatar – 1 60 – 909 8 16 9 – 427 1 267 55 7 1.594 Lesotho Liberia Libya Madagascar Malawi – 182 – – – – 1..168 160...539 3.. 453 ...793 2.139 244 8 Sierra Leone Somalia South Africa St.239 – 0 – – 15 – 41 58 – 92. 5..781 67.268 4. – 44 – 1 2 2 13 – 3 – – 98 83 52 1 – 241 – – – – 104 . 1 2 1 0 0 11 0 Spain Claims vis-à-vis Developing countries Africa & Middle East Algeria Angola Benin Botswana Burkina Faso Egypt Equatorial Guinea Eritrea Ethiopia Gabon Gambia Ghana Guinea Guinea-Bissau Iran Swaziland BIS Quarterly Review.168 228 ... 2.837 18......Table 9D (Cont. 3.610 43 103 – – 24 23 – – – 11. .. 506 9 – – Iraq Israel Jordan Kenya Kuwait – 55 1 1 209 2 109 2 7 6 54 2... 16.. 2... 173 1 – – 1 15 – – – – 522 – – – 23 48 – – – – 9.910 66 2.853 22 406 – .823 ..281 3 1 – – 40 – – – .720 3.. . 6 362 3 ..534 .) End-June 2011 559...... 2.875 2. 1 Comoros Islands Congo Congo Democratic Republic Côte d’Ivoire Djibouti – – 1 1 – – – – – – – 13 10 91 – – – – – – –2 ...003 1 18 163 20 Burundi Cameroon Cape Verde Central African Republic Chad – – 1 – – – – – – – 1 1 – 1 – – – – – – – 462 – – . December 2011 Sweden Switzerland Turkey United States 762...768 Rwanda Sao Tomé and Principe Saudi Arabia Senegal Seychelles 3 – 337 1 1 – – 47 2 1 – – 1. 14 48 155 .563 . 337 ..648 ....618 A 97 .018 1..749 40 2. 35 4..749 59.829 51 6.148 80 –2 19 – 497 – – 2 Mali Mauritania Morocco Mozambique Namibia – 2 940 2 97 – – 1 63 1 3 3 75 – – – – 1 – – .293 3.714 8 228 – – – 11 1 – 1 47 55 23 – – – – – – – – 883 926 ...198 513 United Kingdom 977. .814 8 – – – 2.607 49 120 222 110 2 5 – 4 303 5.808 229. 24 – – 10.344 – – – – 11 .. Helena Sudan – – 105 – 0 – – 27 – 4 – – 3.144 512 768 5..

.103 – 17.438 – – – – 364 2 – 1 ..587 – – – – 2...831 – – – 2 – – – 3.538 . 151.935 .. 5.052 207 – – – 3.561 365.681 15 – 1 – 17.430 .386 162 1. 8 3 1.. .548 1 322 2 – Asia & Pacific 11.836 6.557 3. 7 1 . 65 7... 80 United Arab Emirates Yemen Zambia Zimbabwe Residual British Overseas Territories Brunei Cambodia China Chinese Taipei Fiji French Polynesia Georgia India Indonesia Palau Papua New Guinea Philippines Solomon Islands South Korea A 98 BIS Quarterly Review.029 Sri Lanka Tajikistan Thailand Timor Leste Tonga – – 5 – – 188 – 43 – – 40 – 1.578 9....034 72.221 5 81..213 4.) End-June 2011 Spain Sweden Switzerland United Kingdom Turkey Claims vis-à-vis Syria Tanzania Togo Tunisia Uganda United States – – – 3 – 1 1 – 13 55 42 5 1 59 2 2 – – – – 35 1.134 . 1. December 2011 .817 – 14. 45..574 .449 – – 3 – 903 – – 19 – 67 – 50 2....139 .. 275 . – 6..806 16.....797 262 . 15...091 .300 8 17 – – 89 – – – 368 4..513 – – ...417 Kazakhstan Kiribati Kyrgyz Republic Laos Malaysia 5 – – – – 35 – – 1 17 1...367 Maldives Marshall Islands Micronesia Mongolia Myanmar – 73 – – – 3 1.. 348 88....866 Afghanistan Armenia Azerbaijan Bangladesh Bhutan – 1 6 – – 1 – – 30 10 – – 223 47 – – – 343 – – ..806 – – – – 22 – 40 7.. 95...001 – – – – 1 .. 1 .. 100.289 – – 7 2. – – – 10......616 .378 .796 – 45 .810 39 – 4 – 1 3. 42 – Nauru Nepal New Caledonia North Korea Pakistan – – – 1 – 1 – – – 2 – – 3 – 3. . 448 793 4... – – 20.742 6 5 135 74. – 467 – 10.Table 9D (Cont.159 – – 33 55 – 16 .195 2 1 – 170 731 .483 17...832 601 509.. .. . 138 554 2 243 5 605 252 1.020 .704 50. 1. – Turkmenistan Tuvalu US Pacific Islands Uzbekistan Vietnam – – – – – – – – – 79 – – – 17 525 – – – – – – – 35 8 3. – – – – ..346 – – – 572 8 – – 2 152 101 11 1 104 9...688 – – – 11 1 5 1..408 .220 54.216 2 6 2 – 83 – – – – 59..626 Wallis/Futuna Residual – – – ..

195 2.334 61 16 .) End-June 2011 50.276 193 1.119 – – – – – – .. – 312 2.176 2..112 43 476 530 – 2. .510 122 1. 99.667 60 5 1 – – 26.295 65.806 17. FYR Moldova Montenegro Poland Romania Russia Serbia Turkey Ukraine Res..684 215 .. Serbia & Montenegro Residual Europe Latin America/Caribbean Argentina Belize Bolivia Bonaire.111 – 61 – – – –18 . 11 2 9.411 Nicaragua Paraguay Peru St. ....851 6. .407 12..011 1..459 A 99 ..956 19.598 25.209 1 860 .972 562 ..609 41 .396 565 858 9 – 6 – 5. Lucia St..031 26 2. 599 2.620 332 25 13 131 3.431 1.474 Guyana Haiti Honduras Jamaica Mexico – 3 4 7 147.548 13 – 2.030 – – – – – – 117 24 416 1..788 17..028 – – – 3 5 12 212 65 346 1.087 – 78 – 210.162 13. 925 2.152 4 7 – – 1. – – – – 935 30. 14. 157 49. 33.948 ....570 – – 1 200 ...670 291 11 .009 74 294 31 215 31 5 17 – 5 329 59 – 1 23 – – – – – 2.169 5..153 23. 97.319 – 9..076 United Kingdom 63.974 332 13 .685 16.461 . Saint Eustatius and Sa Brazil Chile Colombia Costa Rica Cuba Dominica Dominican Republic Ecuador El Salvador Falkland Islands Grenada Guatemala Residual Int.669 ...825 Spain Claims vis-à-vis Europe Lithuania Macedonia. 6.542 22 45 254 506 4. 947 158 35 3 – 44 – 2 – – 1 36 61 – – 471 – – – – – 72 1... – 120 546 2...987 Albania Belarus Bosnia and Herzegovina Bulgaria Croatia – 1 1 101 71 – 11 – 6 13 5 180 2 195 953 30 26 – 12 – 10 5 .363 10... ..564 – – – 11.. Vincent – 1.302 30 .130 – .724 473 1 1 .640 56.064 1...418 1.574 15.363 – – 1 – 338 – 1 37 234 8.952 836 – – – – 6 – 5...752 39 5. 29.. December 2011 Sweden Switzerland Turkey United States 75.360 – – 2 – 30 – – 1 22 340 1 111 – – – – 2 ...254 .. 19..141 22 510 9. – 149 12.. 21.599 9.368 1.725 2 39 8. Surinam Trinidad and Tobago Turks and Caicos Uruguay Venezuela – 33 2 4.. 492..270 6. 111 169 7 62 5 385 474 Czech Republic Hungary Latvia 635 881 136 98 246 17.834 ...654 2....546 – 1...859 18 119 875 621 114.497 .546 261. organisations Unallocated BIS Quarterly Review.920 44.Table 9D (Cont.271 8 174. 541 1.364 1.

12..380 .007 333 10.978 17.593 3.714 340.338 29.961 8..388 35.034 17.685 292. . 32..220 Belgium Belgium Belgium Belgium Belgium Belgium Belgium Belgium Belgium Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 495.363 113 1.214 52.958 247.988 .501 2.078 5.087 11.453 2.975 .132 129.292 2.160 76.754 63.728 120.679 –1 50..171 2 811 1.216 44.668 9.764 50.887 16..830 7.678 673.632 15.407. 229.426 2..399 41.763 1.284..887 8.866 72.097 64.591 4.523 164.846 17.824 5.559 149 109.665 55.661 24.075 1 161.922 99.928 95.028 4.817 22.533 58..949..289 27.787 199..749 151.969.966 110.393 613.323 123.865 541 780 3. 32.265 720 256.752 100.530 .891 43.189 1.136 30.017 2 909 134 153 622 Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 607.230 1.783. .290 50.186 17.307 225.798 276.705 229 237.994 381..750 96.753 84.241 37.270 21.352 607.331 5.117 18.434 4.414 21.059 85.313.290 82.077 2..424 474.114 50.047 .066 – 17.763 1.831 – 4.488 .526 52.238 125. .060 987 1.434 71.865 5.529 38 58.027 3.639.054 13.231 –1 42.251 926 – 2.083 2.745 22.726 – 16.390 15.303 15..511 25.813 14..244 110.160 2.647 – 16.012.442 3.834 15 17.319 227.633 29.265 147.249 255.658 374 1.707 3. .135 – 798 337 Canada Canada Canada Canada Canada Canada Canada Canada Canada Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 444.426 113.626 756.354 4 2.958 126. 78 1.554 264.133 66.156 .239...282 14.015 15. .310 13.693 198. 7.119 440.485 – 23...234 26.644 5..315.861 162.870 26.581 – 1.474 230 195. .333 4.637 8.089 162 –1 170 .635 416.238 – 31 2.. ..897.655.629 .009 29.627 10. .656 994..799 14.608 684 107.537.891.330 9.109 82.131 64. .935 962.025 14.321 21.235 – 16.273 374 1 1.807 2.117 125.568 .396 74 71.417.494 11. .523 75.498 3.206 1 599 .085 62.303 3.564 6.753 22.536 263.922 3..386 75.436 40.. 21..878 578.510.407 155.503 181.277 195.928 42.554 840 2. .639 15..673 7..324 6.095 20.147. . 30..194 457.177 627..672 5..210 33 6.822 83.334 156.377 239.880 150 59.845 4. .066 3.053 74. .803.151 68.252 7.269 38 709 522 – 584 .766 5.661 263.082 8.426 2.794 53.094 40..234 72.155 .658 4.727 5.195 106..622 24. 15.601 383.339 219.873 14.218 36.080 7.229 4.080 2.007 6.684 20 60. 616 5.186 69.159 1.582 37.797 102.364 1.248.794 16..041 18.915 29.633 648 11.000 10..047 7.883 65.512 73..198 79.180 1.552 – 2.363 14 193 21.886 181 1 158 22 – 13 .898 50.646 2.937 8.093 Australia Australia Australia Australia Australia Australia Australia Australia Australia Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 572.881 11.891 56.623 7..667 7.019 104.516 73.143 2.347 3.601 6.670 3...082 – 15.973 2.050 .417 8...106 China China China China China China China China China Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 489.994 15.937 4.252 1.808..453 154.717 8.507.760 19.538 12.932 8.339 2.003 49.695 2.165 5.544 14.624 386.156 12.877 759 2.072 55.044 20.679..229 1.553 809 641.470 3.194 1. 24.914 21.780 541 4.198 36.691 2.849 47.642 1.330 6.486 12.082 332.375 – 1.381.144.487.286 29.423 5.518 7.499 118 2 550 ..714 82.196 12.351 8 1.383 8.810 44.. .686 4. 95.405 216.583 55.483 56.023 1.Table 9E: Consolidated foreign claims and other potential exposures .956 12. 1.899.506 7.923.195 52.653 13..135 210. 20.127 97.091 33.344 8.027 120.411 518 110.942.207 56.015 4. 1.147 6... December 2011 .704 220.432 109.339 62 701 576 Austria Austria Austria Austria Austria Austria Austria Austria Austria Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 287.321 348. 21.128 343.054 115.660 1.498 50.185 367 A 100 BIS Quarterly Review.369 1.633 99.443 10.534 3.557 266.491 5.557 90.309 124.865 629.250 15.213 58 118..486 519 272.714 307.657 36 149.423 662..022 374 3.749 144.. .195 197..934.837 37.664 .224 1.640 43. .743 5.131 13.277 2.850 5.544 Brazil Brazil Brazil Brazil Brazil Brazil Brazil Brazil Brazil Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 568. . 10. .103 10..003 91.696 15...180 90.085 110.. 28.ultimate risk basis On individual countries by nationality of reporting banks / Amounts outstanding In millions of US dollars End-June 2011 Claims vis-à-vis Total of 24 countries European banks NonEuropean banks Belgium France Germany Italy All countries All countries All countries All countries All countries All countries All countries All countries All countries Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 26.867 – 1..520 141.406 9...027 87.892 6. .206 21.517 – 88.807 4.974 15.171 7.218 27.727 2.428 16.410 9.877 – 21.148 47.576 2.682 9.281 191.184 .

747 67.127 40.276 16.536 13.419 China China China China China China China China China Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments BIS Quarterly Review..237 29.841 1.602 343.024 151.706 65..097 11.484 .205 Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 48..660 732 – 4.220 38.571 .179.023 26...858 3.067 29 3.954 448.199 29.460 218..780 . 69.642 8.183 38.934 3.793 14. 30.156 2.349.659 14.820 3.156 826.724 52.116 25.756 977.306 162 5.448 40.484 10..113 150.848 1..974 136 363 1.510 5.357 1.660 4.748 5.047 570 98 3.794 13.523 1.083 16. 1.733 762 1.278 12..998 863.409 –1 910 232 200 478 13.708 7.589 3.222 .273 114.330 1.145 62.520 1.388 – 4.081 1.912 .088 3.547.198 1 310 887 210.039 1..340 388.831 Austria Austria Austria Austria Austria Austria Austria Austria Austria Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 16.640 –756 6.612 1.652 621 688 488 – 483 5 – – – – – 7.892 846.137 .564 6.. 6.145 1.089 23.281 1.749 116.154 140.363 18.068 239.778 –1 1.629 1...780 37.221 30.961 5.448 15.861 176.331 36.623.054 2.952 14.966 111 2.001 1 5.639 6.745 6.295 89.074 902.514 7.907 2.963 703 6 – 6 – – – – – – 99.379 5.281 17.042 .240 .664 9.261 20..821 466 12.956 9.052 1 8.437 12.650 9.403 7.721 1.165 29.433 14.251 160 4.000.618 .090 51.130 9.152 617 9.038 .015 11.578 385 6.871 28 311 1.379 57.532 – 1.140 – 1.199 15.224 213.488 218 1.383 – 79.615 1.018 152.269 54 6.032 271 578 1.285 9.313 493 – 485 8 – – – – – 54.396 4.390 3.009 2.392 2.419 4.129 .629 8.164 62..649 236 2.055 19.228 109.431 20.669 –17 1.562 6.723 656.200 24.803 32.726 1 11. December 2011 All countries All countries All countries All countries All countries All countries All countries All countries All countries Australia Australia Australia Australia Australia Australia Australia Australia Australia Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments A 101 .617 527 7.427 13.262 44. 7.520 81.058 1.090 812 52.468 202 2.704 11. 14.704 3.437 466 11 – 8 4 –1 11 – 11 – 151.908 62..889 558.467 6.407.742 1. 30.831 5 565.120 971 10.728 4.875 839 281 755 20.599 43. 33..272 47.839 1.915 4.844 4.378 70...696 20.328 2.239 3.882.911 1.009 420.143.269 103.670 –1 2.246 .Table 9E (Cont.081 2.234 7.063.954 829.866 133 6.468 28.220 37.839 .454 339. 47.666 –3 347.860 873 1.500 – 831 3.. 23.. 78.235 Brazil Brazil Brazil Brazil Brazil Brazil Brazil Brazil Brazil Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 56.392 1.508 524 926 5.265 659 2. 137.956..158 5.739 13..034 82.544 112.133 6.523 17.495 6. 10.057 6.188 2.588 719 2.419 8.988 5..543 451.980 14.889 79.560 16.. 138.299 61. 6.232 9.244.843 1.901 15.336 122.972 43.649 1.160 .529 1.851 37.386 19.711 5. 38.502 1.088 31 936 121 17.426 56.685 38.054 19 – 19 – – 2 1 1 – 101.846 386..543 .429 76 1.....) End-June 2011 Japan Spain Switzerland United Kingdom Turkey United States Claims vis-à-vis 2.450 3 15..661.544 471.475 4.083 1...474 4.964 9.129 524 5. 347 42 25 280 5.776 1.566 Canada Canada Canada Canada Canada Canada Canada Canada Canada Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 214..355 5.492 22..022 6.306 1.109 Belgium Belgium Belgium Belgium Belgium Belgium Belgium Belgium Belgium Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 46.858 2.970 44..239 1.946 25.996 – 4.401 735 1.615 97.952 15.049 3.587 7.415 4.222 22. 49.495.994 17 – 13 4 – – – – – 94.198 2.797 1.512 3.567 3.131 .262 10.342 4.499 .786 .691 5.038 225 – 223 2 – 1 – 1 – 18.495 2.276 1.556 332.

970 5. 27.807 36.621 2.365 9.865 5.716 394.. 272.801 2 54.. 55. 122..686 1.411 2.735 21.760 24. ..180 270 1.495 4.800 9.827 120.284 104..570 3.065 Greece Greece Greece Greece Greece Greece Greece Greece Greece Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 130..285 31....671 2.915 359..406 120.237 55..633 7.725 284.612 4 458.480 1.415 18..091.158 11.431 45.901 8.617 127..418 590 3.341 5.796 31.237 3. .138 53.420 1.395 508.024 547 15.322 17.428 360.034 73..282 17. 16..583 43..280 38.420 30.837 24.743 7..799 4.707 2.836 23. 223.. .. 7.037 63..738 1.935 924.310 4.373 116.608 6...580 8.854 205 1.213 16.312 37.802 12 1.470 47 103 1. .450 13.513 4.562 – 8.277 6.450 2.002 1.869 150. . 8. .042 10.696 77.182 2.541 71.795 2.166 22.837 17.858 2. .866 .239 184.482 2.264 49.467 8.556 21.143 21..667 55.302 133.249 3.128 1.021 119.182 11.316 12. .114 97 9.473 157.027 3.482 1.631 82. .679 67.307 94 63.873 77.. .919 163.996 38.466 21.Table 9E (Cont.134 629 1. .744 37.236 47..592 2.907 803 5.120 61.125 5...138 23.152 1.723 6. .314 41. . 5.154 20.420 802 1.205 30.302 17.993 39. .796 422.186 3.507 62.664 1.335 33.685 4.336 607. 1.323 208.389 3.547 32.581 Germany Germany Germany Germany Germany Germany Germany Germany Germany Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 1. ..896 6..995 3.. .331 456..494 – 1.477 13.728 5.728 1.788 39.650 5. 1..057 7.573 3. 42...329 8. .361 3.640 1.858 5.800 45.222 895 247 115 533 – 264 .601 3.654 102..737 31.858 13.371 882 3.097 179.536 19.372 12. .083 .783 201.894 290..871 191 1.308 40.471 38.886 51.435 –1 437.795 7.957 722 356 309 57 – 149 .486 3.. 16.260 3. .319 360.849 4. 78 33 Czech Republic Czech Republic Czech Republic Czech Republic Czech Republic Czech Republic Czech Republic Czech Republic Czech Republic Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 213.114 8.077 29 118 .886 52.229 5.822 103..629 71 37 1 98 .800 361.543 1.758 28..028 48. .061 31.. .240 30.196 4...595 550 70.232 1 8.618 120.868 – 40.878 . 15.254 245.433 9..612 50.473 43.920 27.816 25...814 75.411 1.. .963 10..322 34.249 44.763 862 2.683 19.660 556.545 1.106 695.943 2.260 17.290 21.846 173.349 69.170 317.868 4.953 631.726 33.261 2.028 3.523 443 1.427 2..106 722 3. .460 122..982 347..439 94 23.741 49.186 2.454 422.269 113. . .129 2.246 1.598 3. ..589 31.861 967 12.557 35..322 17..119 – 4..257 21..716 451 1.113 Denmark Denmark Denmark Denmark Denmark Denmark Denmark Denmark Denmark Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 322..887 910 51.975 4.564 82.030 32.245 .615 305 355 955 Hong Kong SAR Hong Kong SAR Hong Kong SAR Hong Kong SAR Hong Kong SAR Hong Kong SAR Hong Kong SAR Hong Kong SAR Hong Kong SAR Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 539.319 103..440 81 31.171 4.425 36.688 .754 477.128 37..062 .393 24. 9.552 389 77.821 29 77.056 – 4.145 5.328.429 54 315 1.916 65.666 .014..513 .539 9.927 356.578 6.346 54.428 1.579 8.062 5.106 51.661 106.476 126.195 1 115. .772 21.213 .934 4.227 3.990 1.688.871 3.819 117.164 136.353 391 132.974 8.346 17.470 ..770 88.842 7.523 282.267 3.667 .236 .) End-June 2011 Total of 24 countries Claims vis-à-vis European banks NonEuropean banks Belgium France Germany Italy Chinese Taipei Chinese Taipei Chinese Taipei Chinese Taipei Chinese Taipei Chinese Taipei Chinese Taipei Chinese Taipei Chinese Taipei Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 174.588 112.060 81.289 13 8.. 5.622 174. .132 486 16. ..918 40.084 75.784 8.771 56.157 134 589 434 – 721 221 258 242 A 102 BIS Quarterly Review.106 1..332 85.630 10. 1.481 30.979 982 51.252 22.605 483 128 288 66 1 147 ..499 451 1.214 247. December 2011 .695 22.961 3.421 653.221 232.092 38.559 36.993 17.226 10..910 48.472 366 1. ...060 Finland Finland Finland Finland Finland Finland Finland Finland Finland Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 202.020 85.069 475.815 ..922 350.296 1.458 23.284.658 1.384 1 33.618 124. 277.828 – 91.329 91.237 64 641 532 .316 2.815 3.320 France France France France France France France France France Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 1.222 297 7..230 51.795 3.839 357.843 – 4.619 – 8.268 17. .999 189.739 10.797 2.930 32. .698 111 3 106 1 1 28 .. 3.281 991 1.906 254.036 252. 71 46 1 111 .028 9. ...835 – 2.

752 19. 22.741 84.610 10.964 23.263 56.268 2. 7.758 39.194 145.869 61.033 1.104 6.280 33.463 58..379 –1 1.965 –1 30.086 1.913 21.570 2.300 1..368 10.451 4.225 848 1.110 2..236 902 3.027 8.120 14 – 1..033 45 386 1 – 1 – – 1 – 1 – 107....958 638 2.106 6.831 32..212 17.213 30.. 105 – 105 – 635 34 184 417 – 38 – 14 24 565 5 394 165 1 196 40 11 145 – – – – – – – – – 5. 27.816 .654 .906 15...741 9.558 1.405 125 433 847 .771 589 2.406 571 1.008 1.084 France France France France France France France France France Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 108.379 55. 1. 40.860 981 8.577 3.420 6.596 771 1...166 41.688 1.418 2.961 1.624 13.940 5. December 2011 A 103 .176 1.762 2.091 24.875 311 1.746 9.908 2.490 4.032 –1 2.861 1..150 . 12.354 609 98 647 10.. 1.831 Finland Finland Finland Finland Finland Finland Finland Finland Finland Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 1.132 5.110 1.316 31.263 Denmark Denmark Denmark Denmark Denmark Denmark Denmark Denmark Denmark Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 8. 52.344 12.350 2.064 49.319 13. 9..635 9.985 48.486 35...210 .476 2.655 – 29.406 17.782 3.708 7.. 4.430 43..564 102 1.837 – 459 1.357 61.219 – 2.169 2.243 43.221 89.857 100.482 899 684 899 50.773 .654 3.107 28. 400. 15.228 2.328 .921 1.906 10.644 3.297 422 363 512 5.215 38..991 62.048 2.843 24.786 6.642 3. 412.199 18.973 1.155 462 28 665 – 373 92 27 254 3. 214.390 Germany Germany Germany Germany Germany Germany Germany Germany Germany Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 1..772 584 167 69 348 .447 3.374 1.305 29.735 112 3..327 Hong Kong SAR Hong Kong SAR Hong Kong SAR Hong Kong SAR Hong Kong SAR Hong Kong SAR Hong Kong SAR Hong Kong SAR Hong Kong SAR Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments BIS Quarterly Review. 13.156 11.750 28.428 6.322 2..566 15.692 .674 32.411 28 83 1. 1..195 54.131 1.386 1.180 1 1.359 5..702 59.464 5.496 33.802 .030 53.339 .597 9.894 1..125 5.664 2...) End-June 2011 Japan Spain Switzerland United Kingdom Turkey United States 15.853 3..730 26.796 96 1.937 2..633 1.595 .107 548 763 2 – – 2 – – – – – 280.837 33.460 384 Greece Greece Greece Greece Greece Greece Greece Greece Greece Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 6.171 31 5.666 4.761 11.042 1.257 73.757 310.707 49.455 1.726 5.124 727 195 202 1 – – 1 – – – – – 54. 198.910 1.617 2..693 33.169 16.204 26.186 .852 5.346 20.456 1..790 . 19.185 37.878 338 3 99 64 35 – 189.901 121.124 1.055 25.943 201.678 776 7..079 2.021 24..271 –1 41.551 22.922 .567 3.082 37.145 164.097 – 1.712 –1 2.294 6..742 183.106 2.660 51 1.359 3.156 65..206 1.671 2.758 446 272 54 – 54 1 –1 67 67 – – 12.488 7.966 .437 3.802 660 207 93 5 109 – 26 10 16 – 9..067 – 953 114 – 89 80 9 – 305.803 .251 1.167 8..547 .567 . 47 – – 47 51.709 59.160 ..099 2.055 107. 31.593 347.522 4.208 145.232 55.941 2.574 Claims vis-à-vis Chinese Taipei Chinese Taipei Chinese Taipei Chinese Taipei Chinese Taipei Chinese Taipei Chinese Taipei Chinese Taipei Chinese Taipei Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments Czech Republic Czech Republic Czech Republic Czech Republic Czech Republic Czech Republic Czech Republic Czech Republic Czech Republic Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 27..504 211 112 2.925 4.524 768 313 443 5.028 105 637 286 16.004 212 2.112 2.039 8.196 148.468 6.242 38.021 .Table 9E (Cont..550 24.406 468 89 849 86 – 85 1 – 2 – 2 – 12.278 10.466 24.059 14.052 8.

Table 9E (Cont.)

End-June 2011

Total
of 24
countries

Claims vis-à-vis

European
banks

NonEuropean
banks

Belgium

France

Germany

Italy

India
India
India
India
India
India
India
India
India

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

289,002
34,992
75,381
178,452
177
95,382
13,005
35,811
46,566

159,096
15,415
36,115
107,395
171
38,089
10,805
18,485
8,799

129,906
19,577
39,266
71,057
6
57,293
2,200
17,326
37,767

532
51
263
217
1
139
...
...
...

20,550
1,673
5,276
13,601
...
6,036
1,318
3,509
1,209

20,115
1,949
7,585
10,581

8,374
1,427
4,651
2,296

3,202

1,826
1,376

1,618
...
1,479
139

Ireland
Ireland
Ireland
Ireland
Ireland
Ireland
Ireland
Ireland
Ireland

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

465,981
16,761
77,993
370,102
1,125
206,722
80,223
89,935
36,564

380,115
13,522
63,202
302,268
1,123
143,222
69,491
41,869
31,862

85,866
3,239
14,791
67,834
2
63,500
10,732
48,066
4,702

25,441
610
629
23,936
266
2,099
...
...
...

32,015
2,896
9,841
19,278
...
26,626
5,182
18,453
2,991

110,509
3,470
21,532
85,507

36,647
14,219
14,852
7,576

14,843
584
4,402
9,857

12,657
699
3,120
8,838

Italy
Italy
Italy
Italy
Italy
Italy
Italy
Italy
Italy

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

936,317
288,761
161,343
485,221
992
503,700
81,300
329,403
92,997

837,451
237,322
138,705
460,433
991
233,359
61,543
89,001
82,815

98,866
51,439
22,638
24,788
1
270,341
19,757
240,402
10,182

24,006
16,035
5,911
1,984
76
2,925
...
...
...

416,373
106,764
44,657
264,952
...
92,189
14,313
23,367
54,509

161,757
47,624
48,338
65,795

61,353
8,696
47,045
5,612

.
.
.
.
.
.
.
.
.

Japan
Japan
Japan
Japan
Japan
Japan
Japan
Japan
Japan

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

808,835
312,028
244,864
249,951
1,992
367,257
108,431
198,373
60,453

447,585
199,486
117,748
128,359
1,992
165,624
79,068
52,324
34,232

361,250
112,542
127,116
121,592

201,633
29,363
146,049
26,221

710
574
33
103

14
...
...
...

144,970
74,780
31,255
38,935
...
61,435
7,369
25,499
28,567

57,282
5,524
16,570
35,188

18,522
11,158
6,953
411

5,403
978
465
3,960
...
862
96
150
616

Luxembourg
Luxembourg
Luxembourg
Luxembourg
Luxembourg
Luxembourg
Luxembourg
Luxembourg
Luxembourg

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

538,567
21,787
128,557
383,619
4,604
252,311
41,943
155,384
54,984

419,560
18,874
119,117
276,972
4,597
148,163
35,871
65,385
46,907

119,007
2,913
9,440
106,647
7
104,148
6,072
89,999
8,077

5,907
468
2,015
3,017
407
3,341
...
...
...

106,828
6,197
28,820
71,811
...
45,699
6,788
20,442
18,469

162,917
378
47,279
115,260

56,460
14,410
35,374
6,676

27,294
558
6,653
19,820
263
8,339
1,357
2,455
4,527

Mexico
Mexico
Mexico
Mexico
Mexico
Mexico
Mexico
Mexico
Mexico

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

381,984
155,612
42,533
183,750
89
140,307
16,603
70,176
53,528

237,628
101,532
24,113
111,910
73
78,907
13,984
17,671
47,252

144,356
54,080
18,420
71,840
16
61,400
2,619
52,505
6,276

166
160
1
5

464
...
...
...

7,685
2,917
473
4,295
...
2,886
421
808
1,657

8,817
484
3,554
4,779

4,147
1,791
2,036
320

1,092
26
128
938

704
14
21
669

Netherlands
Netherlands
Netherlands
Netherlands
Netherlands
Netherlands
Netherlands
Netherlands
Netherlands

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

808,362
88,340
224,821
492,832
2,369
580,519
130,939
347,336
102,244

621,111
62,023
170,121
386,596
2,371
292,497
118,042
92,114
82,341

187,251
26,317
54,700
106,236
–2
288,022
12,897
255,222
19,903

24,695
501
2,286
21,886
22
22,883
...
...
...

134,483
21,639
30,785
82,059
...
38,159
10,452
8,144
19,563

170,266
10,466
53,519
106,281

60,836
15,838
29,241
15,757

25,844
445
6,998
18,398
3
13,078
692
2,236
10,150

New Zealand
New Zealand
New Zealand
New Zealand
New Zealand
New Zealand
New Zealand
New Zealand
New Zealand

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

302,969
21,082
16,858
264,593
436
61,632
12,030
10,629
38,973

24,629
978
6,742
16,880
29
6,625
3,527
717
2,381

278,340
20,104
10,116
247,713
407
55,007
8,503
9,912
36,592

56

52
5
–1

...
...
...

1,010
56
134
820
...
481
182
34
265

6,521
244
4,805
1,472

1,368
497
449
422

63

29
33
1
8
4
4

A 104

BIS Quarterly Review, December 2011

Table 9E (Cont.)

End-June 2011
Japan

Spain

Switzerland

United
Kingdom

Turkey

United
States

23,811
1,882
5,032
16,897
...
848
36
396
416

572

148
424

275

267
8

9,213
1,723
3,489
3,833
168
2,366
472
851
1,043

55

44
11

4

4

88,483
9,886
14,405
64,192
...
15,651
7,428
4,329
3,894

74,806
16,421
23,374
35,011
...
19,866
1,902
15,453
2,511

Claims vis-à-vis
India
India
India
India
India
India
India
India
India

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

20,780
976
1,879
17,925
...
1,162
630
18
514

9,212
163
1,174
7,874
1
3,472
2,401
560
511

16,700
139
4,474
11,291
796
5,187
3,132
336
1,719

50

22
28

5
5

140,850
3,709
16,868
120,272
1
50,476
40,187
2,224
8,065

52,471
1,906
11,657
38,908
...
57,738
8,441
46,062
3,235

Ireland
Ireland
Ireland
Ireland
Ireland
Ireland
Ireland
Ireland
Ireland

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

44,204
30,885
4,349
8,969
1
5,850
50
1,792
4,008

39,765
11,173
4,240
24,351
1
17,849
2,616
7,092
8,141

26,654
5,720
9,491
11,039
404
16,226
12,271
855
3,100

584

563
21

14

14

73,720
17,430
8,898
47,391
1
30,373
17,265
6,917
6,191

44,187
12,920
16,366
14,901
...
262,840
19,464
237,581
5,795

Italy
Italy
Italy
Italy
Italy
Italy
Italy
Italy
Italy

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

.
.
.
.
.
.
.
.
.

982
109
331
542

506
203
277
26

82,959
53,086
9,614
18,307
1,952
35,962
18,704
16,124
1,134

79

63
16




137,104
56,541
54,106
26,457
...
46,082
40,090
3,176
2,816

328,350
97,849
119,795
110,706
...
193,819
26,856
142,963
24,000

Japan
Japan
Japan
Japan
Japan
Japan
Japan
Japan
Japan

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

43,989
432
2,263
41,295
–1
1,969
12
446
1,511

8,867
94
2,060
6,714
–1
3,143
652
397
2,094

46,497
6,399
10,468
25,864
3,766
10,277
3,237
1,357
5,683

180

125
54
1



22,572
2,253
8,749
11,570
...
12,779
6,337
1,773
4,669

29,700
1,614
2,086
26,000
...
100,342
5,306
89,271
5,765

Luxembourg
Luxembourg
Luxembourg
Luxembourg
Luxembourg
Luxembourg
Luxembourg
Luxembourg
Luxembourg

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

8,501
5,780
496
2,225
...
933
54
68
811

147,363
61,128
11,001
75,235
–1
48,613
6,470
2,699
39,444

8,119
3,031
1,528
3,487
73
3,126
982
164
1,980









49,859
24,288
6,270
19,301
...
17,025
3,357
11,101
2,567

114,411
43,696
16,443
54,272
...
59,986
2,434
52,348
5,204

Mexico
Mexico
Mexico
Mexico
Mexico
Mexico
Mexico
Mexico
Mexico

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

50,883
10,683
12,545
27,656
–1
6,138
442
942
4,754

20,620
953
2,668
16,998
1
11,203
5,031
1,230
4,942

49,453
5,234
18,024
24,287
1,908
23,871
10,053
9,664
4,154

3,392

1,565
1,820
7
15
13
2

136,097
20,256
40,662
75,179
...
113,638
72,563
18,389
22,686

103,178
8,004
23,914
71,260
...
273,906
10,266
251,549
12,091

Netherlands
Netherlands
Netherlands
Netherlands
Netherlands
Netherlands
Netherlands
Netherlands
Netherlands

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

6,149
3,605
484
2,060
...
534
83
1
450

180

59
121

8
1
1
6

1,527
134
487
878
28
1,427
1,203
25
199

1


1




7,005
539
1,012
5,454
...
2,702
1,606
178
918

5,212
2,408
1,027
1,777
...
9,121
1,729
6,200
1,192

New Zealand
New Zealand
New Zealand
New Zealand
New Zealand
New Zealand
New Zealand
New Zealand
New Zealand

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

BIS Quarterly Review, December 2011

A 105

Table 9E (Cont.)

End-June 2011

Total
of 24
countries

Claims vis-à-vis

European
banks

NonEuropean
banks

Belgium

France

Germany

Italy

Norway
Norway
Norway
Norway
Norway
Norway
Norway
Norway
Norway

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

256,552
38,058
48,492
169,781
221
90,311
16,798
37,091
36,422

221,972
18,157
41,702
161,892
221
61,727
14,291
14,844
32,592

34,580
19,901
6,790
7,889

28,584
2,507
22,247
3,830

352
28
197
127

32
...
...
...

18,830
356
4,963
13,511
...
5,054
657
1,723
2,674

28,009
4,394
13,284
10,331

5,593
1,490
2,281
1,822

2,496
2
1,009
1,486
–1
1,178
39
249
890

Poland
Poland
Poland
Poland
Poland
Poland
Poland
Poland
Poland

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

298,882
94,572
25,544
177,834
932
75,264
4,534
34,129
36,601

279,309
82,794
23,803
171,781
931
51,991
4,106
14,943
32,942

19,573
11,778
1,741
6,053
1
23,273
428
19,186
3,659

18,925
7,835
691
10,062
337
2,135
...
...
...

27,757
5,354
3,362
19,041
...
4,368
731
1,248
2,389

46,781
18,968
7,753
20,060

12,202
1,341
4,895
5,966

47,337
14,975
1,231
31,130
1
10,611
437
2,006
8,168

Portugal
Portugal
Portugal
Portugal
Portugal
Portugal
Portugal
Portugal
Portugal

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

204,448
32,195
36,199
136,035
19
103,733
9,438
72,838
21,457

196,669
29,896
33,609
133,145
19
54,318
7,737
25,778
20,803

7,779
2,299
2,590
2,890

49,415
1,701
47,060
654

3,511
2,094
1,009
408

90
...
...
...

25,662
6,153
6,170
13,339
...
5,362
2,130
489
2,743

35,852
8,978
12,554
14,320

16,502
753
15,628
121

3,932
509
1,867
1,556
...
3,205
51
1,076
2,078

Russia
Russia
Russia
Russia
Russia
Russia
Russia
Russia
Russia

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

197,047
17,425
46,444
131,845
1,333
113,110
4,316
87,122
21,672

160,033
9,811
37,728
111,159
1,335
46,509
2,909
23,939
19,661

37,014
7,614
8,716
20,686
–2
66,601
1,407
63,183
2,011

4,186
53
321
3,279
533
411
...
...
...

40,834
1,612
4,273
34,949
...
12,989
832
3,973
8,184

28,086
1,742
9,518
16,826

8,529
387
5,950
2,192

24,346
1,914
1,897
20,492
43
5,280
292
3,989
999

Singapore
Singapore
Singapore
Singapore
Singapore
Singapore
Singapore
Singapore
Singapore

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

310,327
72,733
51,949
183,685
1,960
110,331
24,745
51,576
34,010

185,461
38,044
31,091
114,376
1,950
62,832
19,185
28,062
15,585

124,866
34,689
20,858
69,309
10
47,499
5,560
23,514
18,425

554
71
128
354
1
137
...
...
...

20,576
5,182
3,195
12,199
...
11,745
1,267
4,340
6,138

23,031
2,629
7,571
12,831

6,843
1,824
2,773
2,246

1,493
20
158
1,316
–1
686
129
187
370

Spain
Spain
Spain
Spain
Spain
Spain
Spain
Spain
Spain

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

739,008
106,581
224,650
407,585
192
337,051
60,988
206,379
69,684

643,156
86,523
192,471
363,969
193
153,384
40,810
56,701
55,873

95,852
20,058
32,179
43,616
–1
183,667
20,178
149,678
13,811

23,904
3,759
13,172
6,973

769
...
...
...

150,892
30,492
38,616
81,784
...
39,022
7,325
8,273
23,424

177,465
29,454
69,144
78,867

46,126
6,829
34,757
4,540

29,979
6,394
6,722
16,860
3
14,853
868
2,314
11,671

South Korea
South Korea
South Korea
South Korea
South Korea
South Korea
South Korea
South Korea
South Korea

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

349,349
91,164
91,286
166,596
303
111,965
19,206
70,332
22,427

187,258
42,864
54,957
89,133
304
35,717
15,560
14,762
5,395

162,091
48,300
36,329
77,463
–1
76,248
3,646
55,570
17,032

374
110
143
121

152
...
...
...

32,589
9,038
8,996
14,555
...
8,845
1,175
4,632
3,038

19,950
1,183
13,668
5,099

4,944
1,262
3,645
37

1,611

1,217
394
...
471
12
355
104

Sweden
Sweden
Sweden
Sweden
Sweden
Sweden
Sweden
Sweden
Sweden

Foreign claims
Public sector
Banks
Non-bank private sector
Unallocated by sector
Other potential exposures
Derivatives contracts
Guarantees extended
Credit commitments

163,450
17,701
72,788
71,946
1,015
147,464
20,485
92,524
34,455

114,607
5,479
54,302
53,810
1,016
59,945
18,459
15,273
26,213

48,843
12,222
18,486
18,136
–1
87,519
2,026
77,251
8,242

1,073
74
907
88
4
165
...
...
...

13,218
297
4,820
8,101
...
16,089
6,407
3,152
6,530

37,563
484
20,870
16,209

12,246
2,067
7,981
2,198

3,222
47
1,497
1,677
1
3,381
61
706
2,614

A 106

BIS Quarterly Review, December 2011

707 309 2.651 1.831 187 3..070 274 416 4..739 1.008 26.812 9.135 Singapore Singapore Singapore Singapore Singapore Singapore Singapore Singapore Singapore Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 26.448 22.163 57.072 . 1.963 59..370 –1 14.721 960 903 136 215 552 – 855 427 283 145 17...281 – 400 – 221 179 9.111 262 1.649 16. .470 216 2..689 3..010 95 115 800 12. .724 5..609 654 691 1. 27.662 95.112 1..185 16.224 2.197 1.334 148..530 19.994 12.439 1..480 59 454 967 1.980 75.550 6....029 33.988 5. 4.384 938 23.179 3.031 .510 2.141 10.262 3.777 .607 6.689 145 1.869 – 139 5.725 19 425 1.. .807 Sweden Sweden Sweden Sweden Sweden Sweden Sweden Sweden Sweden Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments BIS Quarterly Review. 177.381 .006 2.165 7.483 7.063 3.599 46.852 5.842 5.068 18.377 2.342 153 500 2.964 .143 1.357 6. 5.413 992 Russia Russia Russia Russia Russia Russia Russia Russia Russia Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 36.673 6.635 53 – 49 – 4 – – – – 17..361 Poland Poland Poland Poland Poland Poland Poland Poland Poland Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 2.587 11. 48.182 374 18.469 1.321 4.985 3.217 1.482 8.788 1..806 6.295 – 22.306 7.899 7.313 2.942 208 – 207 1 – – – – – 100. ..629 4.848 9.233 2..837 745 – – – – – – – – – 89. 11.023 95 163 1.891 161 Portugal Portugal Portugal Portugal Portugal Portugal Portugal Portugal Portugal Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 10.109 70 397 14 – 10 3 1 – – – – 11.952 –1 1..152 7.811 12.717 76.622 .431 7.438 – 363 2.195 513 10 190 312 1 768 29 710 29 28.730 – 1.855 .876 4.667 18 2.394 9. ..389 19. 3.156 178 7.885 .226 500 119 22 – 22 – – 81 – 81 – 100.133 3.939 9.379 1.883 14.707 4.891 11. 859 107 10 742 5.390 2.938 6.845 2.057 481 4..115 Spain Spain Spain Spain Spain Spain Spain Spain Spain Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 40.681 44 60 1.633 25.410 296 2..250 14 867 465 41 361 1 – – 1 – – – – – 25.976 17.. 28..506 1.945 ...230 8.808 5.103 49.577 4.958 19.119 .468 7.895 133 907 1 1.287 2.115 8. 13.720 2.548 2..847 347 3.576 5.737 14...368 1.880 7.713 1.231 1.075 8.263 –1 30. .442 2.886 10.061 5.238 12.644 761 3.197 27.834 5..859 3.685 6.254 4...638 17. 1..201 ..334 62.673 1. 67.958 859 32 565 63 18 484 – – – – – – – – – 9.714 3. 495 – 111 384 88.028 5.472 .519 1.702 3.096 22.706 .995 15.138 5.834 63.373 4.319 .143 1 21.936 3.501 9.412 South Korea South Korea South Korea South Korea South Korea South Korea South Korea South Korea South Korea Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 19. December 2011 A 107 .165 6.755 3.387 1.759 57.489 30.688 549 2.245 700 1. 25.428 448 763 217 14.058 Claims vis-à-vis Norway Norway Norway Norway Norway Norway Norway Norway Norway Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 4.224 4.347 23.896 25.293 2.576 2.031 1.765 530 – 164 366 – 1 – 1 – 12. 22.754 3.065 1.010 5 722 283 26.477 10.089 43..862 13. .198 1 3. 85.. 64. 7.005 1.050 76.674 1.582 8.075 – 1.Table 9E (Cont.272 .381 6.297 19. 3.487 .813 6.447 3.471 6.380 .408 23. .476 52 83 1.105 3.253 572 1.824 1.064 269 884 ..119 .) End-June 2011 Japan Spain Switzerland United Kingdom Turkey United States 12.929 557 19.700 5.341 2.022 .289 5.

735 125.506 180.796 717..366..068 8.674 168.631 21.188 .194 13..994 80.107 4.496 8 4..838 1.159 1.077 132.202.319 56.721 1.503 18.146 100.919 357 235.336 577 5..515 6.Table 9E (Cont.369 43.952 45.147 657 59.554 101.487 1.086 385.630 110 116.865 976 United Kingdom United Kingdom United Kingdom United Kingdom United Kingdom United Kingdom United Kingdom United Kingdom United Kingdom Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 2.067 12..345 570.196 853.512 1.. .939 127.501 327.042 75.399 .065 13.012 12.877 7.341 30.036 104 14.398 Turkey Turkey Turkey Turkey Turkey Turkey Turkey Turkey Turkey Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 196.135 50.590 2.177 – 11.575 161.146 130..867 4.867 110 54.665 32.606 21.512 72.801 47.782 9.567 21.512 23.351 33. 436.774 130. .350 27. 64.903 United States United States United States United States United States United States United States United States United States Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 5.117 9..863 1.906.959 27. 593.823 51.211 214.124.765 370 19.392 635.363 67 3.630 2. .493 8.511. December 2011 .685 408.783 241.779 6.365 899 5. . . .562 56.828 662 2.801 16.979 6..373 890... .576 143...) End-June 2011 Total of 24 countries Claims vis-à-vis European banks NonEuropean banks Belgium France Germany Italy Switzerland Switzerland Switzerland Switzerland Switzerland Switzerland Switzerland Switzerland Switzerland Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 358..782.589 36.243 44 387...036 155.917 88. 10.058 169.453 3.069 28.063..523 64.. 328.768 15.620 82.036 233.857.640..190 107.791 250.860 12.256 135.319 100.476 160..066 756.017 43.422 64 841 496 21 3.686 21 896.820 1.679 35.243 70.303.670 81.791 3.580 89. 50.985 .194 45.450 4.324 4.304 .150 – 44.693 634..755 717..590 649.567 52.401 611.425 799.328.202 10.802.071 10.251 182.672 55.399 109...934 18.854 581 13..197 1.432 5.391 259 – 588 .462 23.301 705.405 603.526 – 411.471 60.115 – 241.998 90.379 7.341 106.018.113 – 85.962 4.836 30.492 175 20.244 A 108 BIS Quarterly Review..405 16.027 3.887 94.156 9.306.166.035 .491 701.757 62 21.858 676 1. 28.589 821.653 68.435 1 187.601 265.215 38.194 962.070 28.124 3. 282.678 2.639 6 109.694 44 2.795 47.166 15.424 168.530 375.245 122..841 2.958 117 3.422 2.487 16.120 1. ..552 888.434 22.078 .763 – 61.372 19.890 132.405 4.029 332..237 179.731 167.165 .586 2.646 819 8.505 558.784 16.887.395 21.977 3.114 92.563 511..742 11..459 538.443 6.026 101.652 20.420 7.558 363 345.

163.006 89.977 4. . .023 8 1. .540 44 2.867 2.019 4. .972 6.731 79.686 4.011 69.070 14.302 7.228 305. .727 4.586 15.547 3.144 144. .912 10. .640 – 4. .518 1.941 68. .470 1.912 47.376 31. .002 1 225 – 135 90 19.123 424.907 19.347 .543 1.673 20.933 1.157 .949 24.761 653 59.454 2.838 776.835 46.896 12.802 – 1.654 1. 764..436 20.156 – 80.624 4.. 629.748 . 7.525 426..693 1 3.746 426.400 16.735 641.201 285. .Table 9E (Cont. .853 24.106 532 2 326 125 201 – 1. .229 .417 4.182 87.017 229.405 300. .797 1 75. .358 88.880 1. 60.650 52.904 .775 56. 359 – 354 4 1 146 121 25 – 60.949 6.124.746 23.274 13.938 – 7. . . .670 21..021 ..257 3.345 1.979 .656 338.049 93.. .873 15.838 .776 7. . .502 208.721 16.844 12.350 80.294 37.687 152.588 143. .060 Claims vis-à-vis Switzerland Switzerland Switzerland Switzerland Switzerland Switzerland Switzerland Switzerland Switzerland Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 4.155 28.902 69.418 4.412 10.528 – 6.823 67. . 30.668 41.819 44.178 –1 142.046 802 340 1.125.175 295 – .641 859 6.613 2.374 8.507 132.669 12.881 United Kingdom United Kingdom United Kingdom United Kingdom United Kingdom United Kingdom United Kingdom United Kingdom United Kingdom Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 1.322 395.404 125.160 614 11.526 511 1.352 83. .537 571 Turkey Turkey Turkey Turkey Turkey Turkey Turkey Turkey Turkey Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments 165.771 1. .557 7.487 30 3. United States United States United States United States United States United States United States United States United States Foreign claims Public sector Banks Non-bank private sector Unallocated by sector Other potential exposures Derivatives contracts Guarantees extended Credit commitments BIS Quarterly Review. . . December 2011 A 109 . .861 1.651 81.063 204. .435 20. 88.384 272..741 156.) End-June 2011 Japan Spain Switzerland United Kingdom Turkey United States 27.222 1.283 6.850 16.011 18. .994 62.122 1 27.676 123.075 1 667.639 7. .125 152.166 15..770 57.738 603.819 44. ..582 1..204 672.

2 2.2 75.5 – 13.3 5.5 0.5 4.5 2.4 2.6 365.3 0.0 58.1 40.2 34.6 6.7 0.4 11.1 4.8 61.7 13.1 14.1 3.1 35.3 1.0 0.9 3.8 4.8 2.2 8.1 – 1.8 15.9 36.4 55.7 17.7 3.1 – 12.5 – 3.9 2.Table 10: Signed international syndicated credit facilities By nationality of borrower In billions of US dollars Countries 2008 2009 1.1 3.5 – 0.5 53.2 4.5 9.9 12.2 128.4 – – 4.1 0.6 – – 0.6 11.1 3.7 0.2 1.7 8.8 2.2 – 3.4 7.4 2.3 4.8 2.2 0.6 1.2 0.0 0.1 3.1 3.3 5.1 12.4 1.3 9.3 2.9 0.100.2 33.8 13.4 1.3 0.1 20.5 14.7 13.2 – 4.6 5.5 46.1 – 4.2 6.7 302.4 6.2 0.4 41.0 0.5 7.0 13.9 2.9 7.5 3.6 33.9 57.2 13.1 – 3.8 – 0.0 0.5 – 19.4 0.9 6.1 4.2 33.4 2.0 2.3 3.6 583.7 3.9 0.2 12.0 0.5 0.6 2.9 307.9 7.7 1.4 – 2.6 216.8 12.9 256.8 – 1.2 2.9 7.7 1.8 1.9 1.4 1.4 2.0 2.6 9.8 19.1 – 0.4 0.9 – 0.9 10.6 35.0 0.0 2.3 1.0 1.9 3.4 0.2 90.1 3.9 23.2 1.2 17.6 51.7 8.5 1.5 2.5 1.3 – 24.4 312.9 – 4.2 14.5 – – 0.6 76.6 0.8 3.9 0.1 35.2 1.5 0.7 10.8 0.0 1.0 7.0 3.5 16.9 4.1 12.6 0.9 1.7 0.1 25.9 9.5 – – 1.3 1.0 0.2 5.7 619.4 0.2 0.5 4.9 25.0 0.1 8.0 3.2 2.6 – – 2.9 6.4 – 3.6 – 5.723.6 0.7 4.2 – 34.5 0.9 2.8 39.5 – – – 6.2 2.7 6.8 13.5 – – 10.1 692.2 9.6 – 21.7 4.6 88.2 – 1.6 5.8 1.2 27.3 2.0 14.6 0.4 1.2 9.8 8.0 1.3 6.3 2.6 8.3 14.8 4.4 8.3 17.0 43.4 68.9 2.2 28.2 9.7 0.9 38.6 2.8 2.8 8.4 – 3.3 5.3 41.7 8.8 4.1 6.7 8.0 11.3 113.4 0.7 0.1 0.0 4.0 3.2 1.2 1.6 195.3 – 5.1 – 1.4 17.1 – 1.6 0.5 0.2 1.5 38.7 11.9 1.7 31.6 3.6 Developing Countries All Countries Developed Countries Australia Austria Belgium Canada Denmark Finland France Germany Greece Iceland Ireland Italy Japan Luxembourg Netherlands New Zealand Norway Portugal Slovenia Spain Sweden Switzerland United Kingdom United States 2010 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Q3 2011 317.2 0.7 – – 9.7 1.1 13.2 33.3 13.7 5.1 9.5 6.9 2.3 0.9 22.5 9.7 1.0 – 0.6 7.9 – 7.9 10.1 0.3 427.6 4.0 2.0 5.1 0.5 15.3 11.3 12.4 1.2 5.7 16.9 2.0 4.6 14.4 7.8 15.6 2.2 – 0.4 16.2 4.8 59.6 23.8 5.6 0.4 49.1 0.1 568.7 0.5 – 3.1 1.1 2.3 23.3 25.6 – 0.4 0.0 1.0 80.3 0.2 3.7 35.7 4.2 0.9 0.6 66.7 3.2 1.5 0.4 0.1 7.4 – 1.0 11.9 0.1 – 0.3 596.3 4.9 14.9 108.0 5.7 0.1 2.3 1.3 – – 0.4 36.2 67.9 0.7 40.398.1 0.6 1.3 3.6 0.0 14.2 – – – 8.0 1.1 10.5 18.1 40.7 0.2 1.7 1.5 – – 0.0 1.8 8.0 – 18.2 1.7 16.9 – 0.2 0.6 0.5 5.3 1.4 7.5 3.3 4.0 22.8 1.1 1.8 – – 7.2 – 1.4 146.0 11.0 0.9 0.6 2.3 125.8 0.2 14.1 0.0 2.9 16.4 0.1 11.1 – – 10.3 6.3 0.7 19.8 Latin America & Caribbean Argentina Brazil Chile Mexico Peru Venezuela 43.0 5.2 11.8 0.7 Asia & Pacific China Chinese Taipei India Indonesia Kazakhstan Malaysia South Korea Thailand Vietnam 98. organisations A 110 BIS Quarterly Review.3 1.7 0.8 26.6 1.4 18.6 0.5 8.0 27.7 0.4 4.7 0.3 – – 8.5 6.6 13.2 0.5 30.2 0.6 71.8 3.3 255.8 0.4 90.2 224.5 2.4 3.5 2.2 1.3 6.6 0.9 0.5 2.8 6.4 0.0 – – 12.5 4.2 0.0 – 0.6 18.5 1.7 1.2 56.1 0.1 12.6 27.0 0.8 521.2 – 1.2 0.0 13.6 40.8 0.8 6.1 2.3 0.7 0.7 – 15.7 2.3 – 2.1 478.1 271.7 0.0 2.6 12.4 – 1.8 4.4 1.7 33.3 24.0 – 1.1 1.5 10.4 1.0 11.5 537.5 5.5 5.1 10.8 0.022.2 3.8 3.0 14.6 6.9 – 0.3 0.5 0.2 4.6 3.6 0.2 16.5 4.8 15.0 – 0.3 7.0 5.0 7.0 3.2 2.1 4.9 – 23.3 – 7.5 86.6 3.2 13.4 – – 0.4 0.9 Africa & Middle East Egypt Israel Kuwait Liberia Oman Qatar Saudi Arabia South Africa United Arab Emirates 89.2 2.8 10.9 13.5 0.7 – 0.3 5.6 1.0 30.9 0.2 0.9 10.3 0.5 21.7 11.1 – – 12.2 19.6 0.1 27.2 29.7 3.5 – 0.8 38.5 8.3 51.7 Europe Bulgaria Croatia Czech Republic Hungary Latvia Poland Russia Turkey Ukraine 85.4 1.7 5.8 – 15.8 4.3 89.1 2.1 2.3 Offshore Centres Bahrain Bermuda Cayman Islands Hong Kong SAR Macao SAR Singapore 51.8 4.3 1.9 – – 1.1 3.9 0.2 1.4 0.8 10.4 0.4 9.5 0.0 0.4 48.7 0.9 – 4.7 11.5 10.4 15.1 0.0 47.3 0.0 2.8 15.5 2.1 4.2 1.1 1.4 24.6 – 0.4 7.4 4.4 3.5 9.2 7.3 1.2 0.7 0.1 13.7 0.2 4.1 15.4 18.0 0.8 1.7 0.7 1.6 0.2 11.3 1.1 34.2 3.5 3.0 9.4 1.8 10.5 0.3 200.6 2.1 0.2 10.2 14.3 – 0.8 39.1 2.7 1. December 2011 .7 17.4 449.1 23.1 3.2 15.2 14.6 3.5 123.5 – – – 2.0 10.471.8 451.7 – – 31.4 22.5 – – 16.7 4.8 2.5 0.2 9.3 4.4 1.0 0.3 11.2 793.7 6.4 0.6 53.5 1.4 1.9 76.0 – 0.4 13.5 – – – – – – – Int.3 82.7 16.8 27.3 15.3 0.1 7.5 9.8 6.4 1.9 0.2 0.9 1.3 1.9 1.5 0.4 – 22.8 2.8 3.4 3.6 1.7 0.0 9.3 – 2.2 10.0 3.7 223.2 3.5 – 0.4 231.6 7.3 – – 1.7 23.7 5.6 0.6 7.0 36.2 7.1 398.6 6.9 1.0 0.5 1.9 – 4.4 – 0.5 0.2 – – 0.2 0.9 16.5 6.7 25.5 40.5 51.9 10.0 50.5 164.7 1.8 261.5 99.5 0.8 0.5 0.3 17.7 8.0 1.4 – 0.1 1.3 0.9 4.1 0.0 – 0.2 5.4 – 6.3 12.9 25.2 1.8 3.5 77.6 11.8 13.6 2.0 2.5 2.9 0.6 3.5 0.3 1.9 67.4 8.7 11.0 8.1 8.9 69.9 17.5 3.1 14.1 0.4 1.4 9.7 7.6 12.4 2.3 0.1 0.1 7.

................................................... A118 Bonds and notes ............................ A127 18 Announced international equity issues by nationality of issuer ....................................................................................................................................... A124 Financial institutions and corporate issuers................................................ A119 14 A B International debt securities by residence of issuer Money market instruments ............................................................. sector and currency Money market instruments ......................Securities markets 1 11 International debt securities by residence of issuer .......................................................................................... Corporate issuers ............................................ A120 Bonds and notes ................................................................... Financial institutions ... Governments ...................... page A113 12 A B C D International debt securities by nationality of issuer All issuers ........................ A126 International securities ...........................................................................bis.............................................................................................................htm............... A122 Bonds and notes .........................................................................org/statistics/secstats......................................... A123 16 A B Domestic debt securities by sector and residence of issuer All issuers and governments ......................... 13 A B International debt securities by type............................................................................................................... BIS Quarterly Review.............................................................................................................................................................. A121 15 A B International debt securities by nationality of issuer Money market instruments .................................................................................................................................................... A125 17 A B Debt securities with remaining maturity up to one year Domestic securities...................... December 2011 A111 ........................................................................................................... A128 1 A114 A115 A116 A117 More detailed data and a full set of historical time series are available on the BIS website under http://www.

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093.4 362.2 2.6 4.5 0.2 24.8 22.4 –2.8 400.8 8.6 0.5 1.6 –4.2 –2.5 40.4 14. December 2011 A 113 .2 1.all issuers By residence of issuer In billions of US dollars Countries Dec 2009 Amounts outstanding Dec 2010 Jun 2011 Sep 2011 2009 2010 Net issues Q4 2010 Q1 2011 Q2 2011 Q3 2011 All countries 26.3 11.7 –1.4 447.9 8.1 51.0 12.8 14.126.3 3.4 132.5 4.2 0.0 2.6 36.1 0.3 9.9 19.1 34.6 1.2 –4.2 3.1 365.1 2.9 41.7 44.7 23.6 80.4 –0.5 2.4 191.6 13.1 335.8 4. organisations BIS Quarterly Review.8 –0.9 27.4 706.0 68.1 3.8 1.0 566.4 –0.7 179.8 14.0 – 0.9 8.4 5.2 7.2 2.4 –6.1 8.8 0.5 0.0 6.1 –2.1 1.7 57.9 31.2 55.1 6.4 –7.1 14.1 52.2 1.0 5.6 0.0 –9.9 84.5 1.3 65.1 15.7 161.4 2.3 – –3.8 323.6 16.2 48.5 –1.766.6 30.6 – 3.9 Offshore centres Aruba Bahamas Bermuda Cayman Islands Hong Kong SAR Lebanon Netherlands Antilles Panama Singapore West Indies UK 1.0 –8.0 –0.6 24.0 42.7 717.1 18.132.2 3.9 1.1 44.134.5 22.3 0.295.9 124.2 57.7 3.4 –0.1 2.1 0.6 13.7 95.9 –0.8 458.4 8.2 –0.2 300.7 1.8 1.6 2.4 1.891.2 –0.834.9 4.3 344.7 193.7 –11.0 Asia & Pacific 286.9 6.3 17.6 1.0 249.6 422.6 63.0 407.2 18.1 27.3 –2.0 38.1 3.1 25.3 6.7 398.020.6 6.6 10.1 –8.6 0.3 26.6 2.5 –2.8 6.8 1.5 3.2 160.1 1.8 1.3 142.9 5.7 12.3 1.3 2.9 273.4 21.1 17.3 48.0 374.546.0 25.6 15.8 –0.5 430.6 Africa & Middle East Israel Qatar South Africa Tunisia United Arab Emirates 140.0 7.1 34.9 1.5 35.511.0 4.6 1.2 353.4 0.3 –0.7 13.6 –9.3 1.2 –0.8 13.663.3 –0.0 2.4 0.0 1.4 –2.2 37.8 11.3 – –0.3 40.0 4.1 –0.2 –0.150.141.5 544.5 2.2 4.3 9.0 2.8 27.9 53.6 2.8 –0.9 799.1 6.0 1.8 4.3 1.2 –84.Table 11: International debt securities .9 186.9 178.9 28.625.3 710.9 28.7 9.4 92.7 0.6 17.4 1.9 2.756.1 2.1 –32.7 4.8 135.1 0.0 0.1 –1.7 23.8 –0.7 11.9 25.3 17.9 –0.6 –7.2 0.2 20.8 21.7 2.3 2.8 24.6 1.8 4.9 65.2 183.3 9.1 –0.9 5.1 1.688.6 64.3 5.3 10.0 4.2 1.135.3 6.4 –0.6 0.0 –0.9 –39.3 7.8 3.2 20.1 2.2 30.8 364.9 15.6 –0.8 20.0 2.3 2.2 39.9 2.6 0.2 5.3 0.4 65.2 11.3 11.1 0.1 122.4 67.5 120.3 26.6 80.0 56.2 6.782.2 –12.6 17.6 6.7 26.7 30.8 7.6 158.7 134.2 0.9 70.7 26.8 – 2.9 34.8 587.5 –0.8 1.2 2.3 9.7 46.8 55.2 1.6 193.7 –0.4 1.3 43.1 2.7 1.9 35.5 90.7 14.9 77.1 24.2 6.512.2 8.0 2.7 27.1 21.0 338.3 0.5 –5.1 10.8 –0.8 23.0 600.8 –0.249.3 13.2 0.6 –0.3 1.2 –0.8 1.9 18.1 3.7 China Chinese Taipei India Indonesia Malaysia Philippines South Korea Thailand Europe Croatia Hungary Poland Russia Turkey Latin America & Caribbean Argentina Brazil Chile Colombia Mexico Peru Uruguay Venezuela Int.1 0.4 26.4 0.4 –5.3 13.0 24.2 3.6 11.2 6.6 1.1 1.7 0.0 0.0 1.3 0.133.0 0.1 6.2 22.3 101.5 0.3 54.3 62.6 26.8 28.9 892.3 –0.9 16.7 –0.9 42.5 96.5 – –0.511.4 64.7 4.6 35.5 61.4 –13.4 39.8 313.0 –2.5 –0.9 57.5 311.0 8.3 29.0 24.1 –0.3 1.9 26.257.2 7.6 1.6 1.044.1 10.5 9.8 –1.9 1.1 311.871.8 1.1 0.1 3.0 2.332.8 0.1 27.4 53.9 2.8 335.5 25.251.3 93.2 42.5 –0.7 7.5 23.5 –1.1 –10.1 154.7 150.0 –0.6 477.8 13.3 2.1 –1.0 3.7 8.0 136.622.5 1.7 57.6 11.5 70.7 83.1 388.8 104.7 –9.0 16.4 –0.6 25.7 609.7 27.145.2 –2.0 15.3 33.9 88.1 148.6 15.4 –0.825.4 –0.1 158.7 5.7 2.7 –2.366.6 –6.0 8.1 29.5 8.3 1.7 24.4 54.2 3.4 84.5 19.213.0 –0.022.2 1.7 107.1 73.5 86.5 22.5 15.1 244.3 9.1 87.1 –0.7 1.463.922.1 68.3 2.3 3.2 –2.1 –0.4 619.1 6.2 117.0 143.1 50.4 –0.2 0.3 –8.7 48.6 139.249.2 –70.4 197.0 5.7 383.145.1 6.148.4 1.9 260.100.9 249.7 –2.245.4 101.7 18.9 1.7 30.1 64.7 0.6 187.9 Developing countries 1.6 0.0 6.775.5 –0.4 55.2 8.9 1.8 23.2 40.1 –9.7 10.8 185.9 2.2 1.593.2 4.9 – 0.2 184.4 8.7 –1.0 278.4 2.7 3.7 6.4 1.6 10.0 –0.2 4.6 16.6 7.0 362.4 –3.0 3.0 1.029.2 0.5 176.9 160.4 21.816.7 –0.4 1.252.7 2.171.9 14.2 472.595.7 1.6 0.8 8.9 –6.4 10.2 38.2 19.7 1.3 90.3 28.0 0.0 32.6 0.8 7.6 2.2 26.8 0.6 2.7 2.4 9.7 1.0 0.6 –0.1 11.5 1.3 367.8 12.7 1.9 5.7 58.3 –0.640.4 1.0 1.0 104.7 0.3 3.7 475.598.3 15.5 24.1 148.4 1.4 1.3 296.0 13.5 –11.5 –0.6 170.2 206.1 –72.151.9 2.249.7 26.8 51.5 24.3 19.6 –13.0 208.4 5.1 1.0 154.6 23.6 16.6 107.0 156.3 –1.4 10.5 2.3 – –0.6 5.6 93.995.5 2.3 –10.6 5.0 340.1 0.4 0.9 9.682.4 –0.7 29.6 –1.4 71.1 41.5 –0.4 52.9 33.5 1.5 20.2 17.1 –2.2 3.7 –0.9 34.3 2.9 –13.4 27.3 –36.4 27.0 3.6 186.1 59.8 1.0 –2.5 10.5 60.1 43.0 6.2 32.1 –15.0 18.2 19.1 654.4 3.2 1.9 6.7 45.1 Developed countries Australia Austria Belgium Canada Cyprus Denmark Finland France Germany Greece Iceland Ireland Italy Japan Luxembourg Netherlands New Zealand Norway Portugal Slovakia Spain Sweden Switzerland United Kingdom United States 23.8 –0.1 1.6 446.270.7 9.3 7.9 2.5 39.2 19.9 0.6 38.950.910.7 0.151.0 0.4 27.3 –7.4 6.7 55.9 25.2 –0.4 11.7 0.3 –3.5 480.8 7.3 1.4 48.8 2.6 236.5 1.6 12.8 –0.8 110.

3 43.0 8.0 5.6 2.5 499.5 65. organisations 800.5 84.2 20.0 –1.9 0.3 156.4 1.7 18.2 31.0 40.4 0.1 458.5 38.1 26.6 0.1 3.3 292.2 3.3 – – 0.0 189.3 –0.718.5 10.661.3 61.840.9 1.8 0.1 33.2 0.2 1.9 351.997.8 3.4 1.5 243.0 30.4 13.6 –11.9 11.7 47.7 – 10.9 157.6 –3.0 –2.1 4.2 1.0 – 5.7 377.9 25.3 274.747.2 – 0.7 200.6 87.4 192.5 51.7 171.7 1.3 Latin America & Caribbean Argentina Brazil Chile Colombia Mexico Peru Uruguay Venezuela 414.8 115.7 0.5 144.6 7.8 33.2 428.3 4.3 5.1 117.0 1.2 48.1 –4.9 – 0.4 14.4 –8.359.8 8.4 0.1 4.1 10.3 0.1 53.4 108.2 –0.3 8.5 480.6 –20.9 1.3 – 0.2 –0.Table 12A: International debt securities .4 0.3 –10.5 246.3 0.2 0.4 53.6 0.2 43.2 7.1 530.8 619.0 51.1 1.2 –0.7 1.0 119.640.6 4.4 11.3 1.9 11.0 3.1 2.0 166.4 1.6 15.2 407.2 5.9 2.7 5.8 592.7 24.1 2.3 – –0.6 35.8 1.5 19.1 0.6 1.5 –2.3 –4.3 2.7 9.3 283.8 12.004.5 0.192.5 2.6 33.0 53.0 85.4 –11.3 33.5 2.4 105.1 79.9 1.3 –17.935.3 40.2 2.968.5 –0.1 97.4 18.7 93.3 –0.023.1 14.4 4.6 19.1 –5.5 1.9 8.1 –8.6 74.3 62.1 6.7 25.1 3.0 23.7 5.9 – 10.3 2.8 2.4 3.6 62.8 527.328.3 29.2 26.0 11.9 1.0 –0.1 –17.0 46.2 3.8 – – 0.7 416.5 1.6 2.5 78.272.9 13.7 26.7 1.9 5.8 –7.498.4 – 4.4 172.8 –2.5 384.4 400.9 0.6 –47.7 –0.4 559.6 40.3 106.3 472.1 2.6 – –0.688.3 56.6 286.478.2 892.0 16.2 10.8 Offshore centres Aruba Bahamas Bermuda Cayman Islands Hong Kong SAR Lebanon Netherlands Antilles Panama Singapore West Indies UK 268.2 –0.7 9.3 76.6 42.8 92.1 0.9 0.9 65.3 603.3 141.0 6.7 8.8 0.6 –1.0 24.2 1.all issuers By nationality of issuer In billions of US dollars Amounts outstanding Countries Net issues Dec 2009 Dec 2010 Jun 2011 Sep 2011 2009 2010 Q4 2010 Q1 2011 Q2 2011 Q3 2011 All countries 26.3 0.0 133.9 45.0 419.8 36.0 3.6 1.7 –0.9 –2.5 –4.4 212.0 0.7 0.1 –8.9 414.9 12.5 391.995.5 12.0 13.7 169.8 0.2 1.3 174.8 2.6 0.2 0.9 7.8 5.481.7 –0.3 –0.2 –3.8 11.0 15.8 0.3 25.8 65.8 81.6 –0.4 85.9 33.4 4.8 1.3 524.1 22.7 49.5 9.6 9.2 607.1 118.7 173.8 94.5 22.3 651.9 56.9 93.3 296.4 9.6 705.0 6.0 1.6 0.2 –3.6 –8.7 215.4 –0.4 25.1 24.7 10.6 119.7 –16.4 – 0.2 1.1 5.958.4 4.1 Developed countries Australia Austria Belgium Canada Cyprus Denmark Finland France Germany Greece Iceland Ireland Italy Japan Luxembourg Netherlands New Zealand Norway Portugal Slovakia Spain Sweden Switzerland United Kingdom United States 24.5 1.4 2.8 63.182.775.3 0.8 –5.0 274.9 143.332.0 112.6 20.3 39.9 –0.1 10.2 –0.0 1.2 62.1 25.9 13.9 6.783.2 640.8 24.1 13.2 110.9 –1.6 –0.6 2.2 19.5 – 10.8 0.0 57.4 – 1.6 158.7 68.3 19.6 520.6 7.7 3.6 28.6 –6.9 –0.512.3 16.9 33.7 18.122.2 0.7 2.262.6 251.8 6.6 1.6 – –8.0 0.5 1.4 1.3 – – 3.9 1.2 23.2 2.8 175.3 –1.4 23.5 3.9 14.8 –2.1 –47.3 4.6 44.6 1.0 450.7 1.6 0.7 4.005.498.1 156.3 –0.3 0.282.8 –0.8 39.0 8.6 12.7 0.5 2.0 0.133.0 1.8 2.8 51.6 –31.6 498.2 –0.7 15.4 63.4 3.5 0.5 56.4 75.2 11.7 0.6 1.2 11.1 14.7 25.1 11.4 25.7 8.0 36.5 1.2 533.9 1.2 1.7 3.2 1.0 0.9 0.6 9.1 –14.8 19.2 61.7 74.9 5.6 9.9 1.1 Europe Croatia Hungary Poland Russia Turkey 339.4 202.1 28.2 1.2 41.2 –1.3 25.9 10.2 23.6 369.3 50.3 41.5 375.2 567.3 142.1 –26.6 59.273.1 0.4 19.5 136.7 –0.3 2.8 3.7 710.5 –11.988.2 –2.7 –2.3 –0.2 0.2 3.1 Africa & Middle East Israel Qatar South Africa Tunisia United Arab Emirates 201.8 0.0 60.7 1.3 2.8 41.3 20.9 25.416.2 57.7 61.8 85.2 31.4 164.341.093.0 Developing countries 1.8 27.9 42.4 –17.3 14.585.1 0.5 –62.5 3.396.8 2.2 26.3 9.2 167.6 –0.1 466.4 2.2 1.0 7.084.6 –0.2 10.9 41.9 1.9 93.9 10.6 1.246.2 65.1 58.1 –1.343.6 36.2 54.7 12.7 1.2 2.7 98.9 1.4 9.6 510.2 347.9 1.6 281.3 0.6 1.0 425.9 70.2 19.7 –0.1 3.2 19.9 71.6 1.1 13.734.1 29.2 –10.7 – 10.1 8.2 34.6 13.6 68.7 – –0.9 78.8 1.8 8.7 632.4 –4.3 20.3 535.0 – –0.8 38.3 16.1 0.9 87.2 24.2 0.5 12.3 2.7 7.3 97.1 50.1 7.8 0.0 53.4 458.6 0.9 Int.3 12.9 279.7 70.2 39.2 1.5 –0.6 2.6 39.4 43.2 0.0 586.7 121.1 2.0 51.3 –11.1 64.7 4.7 101.5 56.9 2.4 0.3 637.4 –7.0 36.8 3.9 8.1 2.4 1.8 13.9 –0.3 1.2 300.2 8.2 –5.1 456.0 – 3.6 –0.8 5.3 133.1 –0.0 3.9 18.700.6 –1.3 209.6 –2.7 10.2 39.4 57.0 26.2 129.1 1.8 3.2 18.7 Asia & Pacific China Chinese Taipei India Indonesia Malaysia Philippines South Korea Thailand 386.1 –0.5 0.8 187.4 24.3 46.2 1.2 3.0 0.6 586.4 12.6 3.5 –0.3 19.1 1.6 51.7 456.9 5.6 –2.9 243.2 1.2 427.6 242.0 0.3 284.7 13.7 6.546.6 368.2 6.4 1.1 0.2 3.5 3.7 3.1 17.2 52.8 2.2 20.7 531.3 11.7 1.4 67.997.2 –1.5 1.6 –5.2 –0.8 15.1 16.6 1.4 19.4 –0.2 26.9 – –0.3 71.3 33.8 5.6 –2.9 230.1 10.2 2.615.9 5.8 5.7 – –9.2 –0.9 41.2 – – 0.6 3.3 7.8 –0.8 12.1 0.2 475.2 33.5 17. December 2011 .7 A 114 BIS Quarterly Review.3 10.

financial institutions By nationality of issuer In billions of US dollars Countries Dec 2009 Amounts outstanding Dec 2010 Jun 2011 Sep 2011 2009 2010 Net issues Q4 2010 Q1 2011 Q2 2011 Q3 2011 All countries 20.4 –2.4 3.7 460.3 20.2 – Latin America & Caribbean Argentina Brazil Chile Colombia Mexico Peru Uruguay Venezuela 114.7 10.7 4.545.9 365.8 –1.1 12.0 –0.4 335.0 37.3 193.764.4 130.1 –0.2 0.8 12.3 1.4 209.2 0.7 0.4 1.3 14.2 0.7 8.9 0.5 34.5 –0.7 0.1 19.2 15.3 60.4 1.3 5.0 14.882.1 –1.518.4 0.8 –3.6 16.2 199.7 143.9 Developed countries Australia Austria Belgium Canada Cyprus Denmark Finland France Germany Greece Iceland Ireland Italy Japan Luxembourg Netherlands New Zealand Norway Portugal Slovakia Spain Sweden Switzerland United Kingdom United States 20.8 –10.992.3 35.4 194.2 Africa & Middle East Israel Qatar South Africa Tunisia United Arab Emirates 104.0 13.2 2.9 –16.3 – 1.5 328.6 0.1 3.2 3.6 1.4 162.8 21.2 –1.8 1.4 1.3 4.3 – – 3.5 87.6 4.6 –0.7 134.1 –76.4 65.7 – – BIS Quarterly Review.5 –3.514.9 1.9 3.4 0.8 5.6 –0.9 23.5 18.5 – 1.8 – 58.0 – –0.6 0.0 9.1 –3.6 98.9 – 0.6 1.0 0.9 0.6 3.7 2.6 4.1 – –0.4 1.595.5 64.8 –0.0 51.739.3 0.1 2.0 430.8 13.5 130.0 1.2 33.4 –1.4 86.8 62.5 – 1.959.3 0.0 3.8 0.0 0.1 21.3 6.1 9.5 23.5 0.0 399.3 40.7 362.4 –0.5 1.8 –8.4 161.2 –0.9 6.2 – 0.1 18.3 20.6 324.2 0.8 9.6 562.0 95.1 Offshore centres Aruba Bahamas Bermuda Cayman Islands Hong Kong SAR Lebanon Netherlands Antilles Panama Singapore West Indies UK 190.2 125.0 17.2 7.0 –0.9 5.4 – 29.4 –0.498.3 –17.2 179.7 – 0.1 –0.0 158.7 – 1.9 5.0 97.2 210.5 109.8 –0.6 13.6 –18.9 219.4 19.1 12.2 – – –2.4 0.7 0.8 138.1 14.7 37.4 –9.9 32.1 2.5 10.4 0.5 6.8 – – – 2.7 – –2.1 486.3 3.2 525.8 768.5 3.5 2.5 102.4 14.5 2.6 – 1.2 0.1 Europe Croatia Hungary Poland Russia Turkey 125.8 1.8 117.8 0.2 – 1.9 72.1 26.6 20.6 0.2 – – 0.4 –1.1 0.3 –0.480.1 476.7 0.5 56.8 –1.674.6 –2.7 36.6 2.2 1.2 2.4 –0.6 58.4 8.8 22.8 2.5 0.3 –17.0 164.4 2.1 – 47.7 2.2 – 51.5 – 5.7 208.5 0.0 9.2 –3.8 28.8 5.1 0.2 1.9 17.502.6 1.6 3.3 8.239.0 223.6 66.9 –0.0 61.0 588.118.3 –0.6 – 1.5 6.0 0.8 0.6 46.2 276.2 2.5 409.6 – –0.6 22.4 1.1 –4.4 44.955.0 13.9 368.5 2. December 2011 A 115 .2 66.1 196.6 212.6 11.2 0.6 446.4 3.1 0.4 0.0 0.9 26.6 0.2 21.0 –2.366.6 –10.6 209.2 –0.4 5.3 –70.3 1.5 –3.3 18.4 0.4 766.9 6.4 0.1 – 0.0 47.9 2.4 –0.9 1.6 –8.6 1.6 – –0.0 67.0 5.7 414.4 6.3 3.9 14.4 151.4 2.5 –4.8 126.0 36.7 12.6 10.5 14.7 2.5 39.9 24.539.3 1.7 10.6 1.4 1.9 5.5 –2.1 – –0.185.9 – – –0.8 1.5 380.5 42.5 7.9 39.6 3.3 19.8 95.3 3.9 53.1 4.8 – – 10.0 0.2 1.2 –0.0 –0.4 24.000.5 208.2 2.1 74.1 –7.9 –24.2 10.344.9 – 25.8 2.8 – – –0.8 17.2 – 0.0 8.2 17.2 103.4 20.4 39.8 – 1.3 12.8 –5.4 –1.3 412.5 43.4 105.6 1.9 1.8 –43.6 1.7 –5.3 16.7 513.6 –19.0 – 131.2 6.7 6.6 –4.8 0.1 1.6 25.3 1.3 0.2 2.4 400.2 13.9 4.0 –3.8 –0.4 32.1 6.8 343.3 11.3 81.1 –6.2 447.0 0.2 –0.4 136.6 9.5 4.0 0.6 22.0 Asia & Pacific China Chinese Taipei India Indonesia Malaysia Philippines South Korea Thailand 229.0 57.8 –7.3 1.8 0.5 65.2 –17.7 0.823.2 1.7 –4.1 196.8 –14.5 4.7 394.4 3.9 –12.7 21.2 – –1.8 16.6 – –7.2 0.8 2.3 14.1 6.2 13.1 436.0 44.8 – 0.6 1.1 –0.6 14.3 –0.1 362.7 0.1 73.370.3 22.1 –1.9 15.3 0.8 1.0 0.0 2.8 6.0 4.3 – – 0.3 3.4 2.0 5.4 593.0 0.1 –0.3 43.2 29.0 – 1.0 24.3 71.295.975.7 0.318.1 –2.1 6.7 –22.7 1.4 0.9 –2.9 43.1 –0.0 0.2 117.0 32.2 6.3 7.2 117.0 –2.0 4.2 68.6 62.4 197.6 –11.0 6.1 2.2 27.4 105.2 –0.8 –0.072.3 5.5 –0.0 –0.0 0.8 –1.731.8 62.4 –11.7 10.771.4 0.6 –4.7 –0.8 –1.2 673.1 3.3 0.2 3.9 0.6 280.5 1.0 429.3 10.6 3.0 –108.0 29.9 123.809.8 2.1 1.3 14.6 –0.0 – 9.1 –0.4 11.9 3.468.6 11.0 – –0.2 31.3 5.5 22.7 0.2 – –5.0 3.2 318.5 – –0.0 4.7 –22.2 1.7 1.0 2.4 –2.7 –0.2 5.3 –2.2 68.1 10.6 52.5 –9.8 582.7 108.7 100.6 –0.5 4.7 3.2 – 1.0 13.7 – 51.4 18.7 –0.1 211.1 1.1 – –0.5 0.100.2 – 1.0 Developing countries 574.0 0.3 –0.5 –30.6 0.7 55.3 0.0 4.1 153.3 –0.1 55.1 –0.7 25.3 6.5 92.5 – 0.5 7.1 –1.8 171.6 0.1 23.5 1.5 1.4 0.Table 12B: International debt securities .7 2.6 6.3 14.0 3.5 55.2 28.6 203.444.8 –0.5 4.2 20.1 – 58.117.1 2.9 10.1 7.0 127.4 28.7 – 0.6 321.720.1 1.3 31.3 36.3 1.5 – 1.8 1.6 –8.8 9.013.9 5.8 3.6 5.6 –0.7 1.1 – –0.2 0.784.2 0.9 117.6 – – 0.4 0.1 0.4 203.2 –2.1 6.1 –1.833.2 0.4 – – 0.2 474.6 0.5 210.6 7.6 2.0 –1.2 –2.4 14.5 0.4 –9.2 – –7.

4 24.3 4.4 – 4.7 – 17.2 0.6 0.050.0 24.4 –0.4 – 13.5 28.4 –0.9 – – –2.3 –1.9 12.3 12.4 20.9 2.5 13.6 –0.1 3.3 0.8 1.2 – –0.2 –1.0 7.6 4.9 150.4 320.7 10.4 0.5 0.8 1.3 –0.6 – – 0.8 4.1 5.2 13.0 –1.8 –4.1 3.6 7.0 105.6 0.5 6.4 23. December 2011 .7 173.4 15.7 – 24.6 6.0 14.8 0.3 – 0.4 105.7 0.7 –1.1 3.7 –0.6 3.0 13.759.4 – 1.7 – 17.0 32.4 1.7 0.7 461.7 – 19.7 – –1.1 2.7 72.3 46.4 21.3 –0.3 2.4 31.0 – –0.6 4.7 Offshore centres Aruba Bahamas Bermuda Cayman Islands Hong Kong SAR Lebanon Netherlands Antilles Panama Singapore West Indies UK 41.3 54.7 0.0 8.0 –0.2 – – 2.0 1.631.7 5.7 13.8 – 0.3 0.1 7.2 5.9 5.9 180.3 40.9 –0.0 111.3 179.4 1.7 7.2 2.3 –0.0 1.2 – – 1.5 0.5 195.2 4.7 43.3 3.7 518.5 0.5 1.2 1.3 – 0.0 172.2 0.6 0.4 –1.3 416.7 7.0 4.2 0.2 5.2 7.9 – 18.3 – – 0.1 29.1 – –0.0 123.7 –2.2 78.8 41.1 5.2 2.2 8.6 12.3 49.7 85.5 –0.5 2.9 3.8 22.3 21.7 – 1.5 –0.3 0.5 – 23.1 15.9 566.3 1.2 19.5 12.8 1.0 13.0 –0.4 – – 0.6 0.5 4.3 10.9 0.5 – 0.5 3.8 0.9 110.7 127.2 320.7 0.7 2.6 12.554.2 7.5 0.9 23.1 –0.1 24.2 19.1 10.0 – – 0.0 99.4 11.1 –0.4 145.7 0.6 53.0 0.7 3.9 4.7 3.3 0.8 5.6 9.2 15.7 20.2 6.9 0.4 –1.4 – 0.5 4.8 44.556.1 1.7 –0.0 0.7 131.6 0.9 4.3 8.1 –0.3 –0.1 Africa & Middle East Israel Qatar South Africa Tunisia United Arab Emirates 45.1 1.7 7.1 0.6 47.023.3 46.8 5.Table 12C: International debt securities .9 1.8 1.9 – – 0.0 1.7 – –0.4 7.3 27.622.2 1.7 11.7 4.0 127.6 3.4 2.0 566.4 –0.3 2.9 1.0 2.2 1.1 13.4 8.4 0.6 1.2 353.7 30.0 53.5 4.6 4.3 0.6 1.5 – 0.3 9.3 – –1.8 – – – 1.3 11.3 – – – –0.7 11.0 3.2 –1.6 –0.0 33.1 30.6 0.3 82.3 29.4 37.2 –0.7 – 4.1 – – 0.7 –0.4 – 1.2 – – 0.9 3.6 38.0 0.2 46.8 – – – 0.8 18.2 35.2 5.0 0.7 10.4 7.8 – 0.8 –2.7 317.1 0.3 –3.8 26.2 8.7 Asia & Pacific China Chinese Taipei India Indonesia Malaysia Philippines South Korea Thailand 97.5 – 0.2 0.0 22.9 8.0 505.9 0.2 4.1 Developed countries Australia Austria Belgium Canada Cyprus Denmark Finland France Germany Greece Iceland Ireland Italy Japan Luxembourg Netherlands New Zealand Norway Portugal Slovakia Spain Sweden Switzerland United Kingdom United States 2.1 1.7 2.9 0.9 2.4 26.1 349.8 33.9 46.3 – 4.245.5 –1.0 – Developing countries 248.3 – 0.3 – 2.202.1 0.0 15.4 469.6 0.5 4.9 –0.9 30.7 33.1 –0.5 –0.4 293.7 9.0 392.2 2.5 1.1 – 0.7 20.7 4.3 Latin America & Caribbean Argentina Brazil Chile Colombia Mexico Peru Uruguay Venezuela 74.0 1.2 4.1 –0.3 0.1 5.6 22.3 2.3 –1.4 0.1 3.1 – 3.3 25.8 3.2 – –0.6 14.7 132.0 21.5 0.5 5.9 –0.3 31.1 0.6 25.1 5.6 35.1 2.5 –0.9 – – – 0.8 22.1 –0.1 –0.8 8.1 1.4 9.0 –3.7 – – – 1.6 – –0.6 31.8 0.2 47.7 7.1 2.9 A 116 BIS Quarterly Review.4 6.2 – –0.8 0.3 1.4 15.6 1.4 55.6 3.0 0.0 –0.2 4.9 – 3.2 – 4.8 36.9 14.0 0.1 0.0 –0.5 – 4.4 6.5 39.6 80.1 30.3 22.0 1.3 –0.6 –0.5 0.6 – 24.8 12.0 – 3.1 –0.7 17.3 51.7 36.2 6.2 5.3 35.3 0.3 8.4 – –0.4 –0.2 6.0 42.7 1.5 1.3 10.837.5 4.8 0.8 – 21.0 – 3.2 171.2 15.1 16.8 21.5 –2.7 115.0 14.2 5.1 – 1.4 5.4 – 0.2 – – 0.5 – 1.0 127.8 – 1.2 47.1 –0.7 115.5 148.4 3.1 4.9 11.1 8.7 0.6 –0.1 – 0.7 1.7 –14.2 2.7 16.6 0.4 –7.2 4.6 –0.4 1.2 8.4 0.886.0 46.2 –5.2 – 4.2 0.8 – –1.9 1.6 4.5 – 1.4 24.0 46.8 2.4 0.6 12.0 –1.2 – 13.3 3.1 – –1.5 –1.9 0.3 2.1 1.3 51.8 4.4 2.3 3.7 6.6 306.1 40.8 8.4 –1.2 0.0 1.6 31.0 1.1 66.5 43.4 – 6.0 13.2 56.7 6.1 1.1 2.9 21.6 – – – – 0.3 –1.4 9.6 4.1 1.4 – 0.4 – 1.0 11.0 – 2.5 1.0 –0.1 98.6 – – – 2.8 –0.1 Europe Croatia Hungary Poland Russia Turkey 31.4 46.0 –1.1 4.0 3.1 –1.3 24.2 7.8 0.5 2.0 31.8 298.2 18.7 136.5 3.953.3 2.4 – –0.6 70.6 106.3 7.6 – 18.9 3.6 1.3 1.7 – 20.corporate issuers By nationality of issuer In billions of US dollars Countries Dec 2009 Amounts outstanding Dec 2010 Jun 2011 Sep 2011 2009 2010 Net issues Q4 2010 Q1 2011 Q2 2011 Q3 2011 All countries 3.6 – 0.4 1.3 129.9 – 19.3 0.7 1.4 3.8 147.1 –0.6 0.0 34.5 2.1 21.9 2.4 0.2 – 2.4 – – – –0.8 – 12.3 0.2 6.2 –1.0 30.2 2.6 0.9 0.7 20.4 – –2.4 –0.0 0.7 –0.9 35.8 0.3 403.8 – – – 0.3 6.6 7.8 0.5 0.5 –0.7 0.

6 – –0.3 3.5 0.1 – – 0.2 0.2 0.9 2.5 201.4 2.8 119.4 – 9.0 –0.7 0.1 117.5 0.5 – – 1.3 3.4 3.0 –1.3 10.9 – – 20.3 1.0 – – – – – 1.5 3.1 11.7 44.8 18.2 7.1 28.8 –1.6 52.7 10.6 1.9 –0.6 230.6 4.7 4.9 51.3 6.5 5.2 0.9 47.9 10.4 10.4 19.7 – – 20.3 – 9.3 – – 1.1 7.7 –4.5 1.7 51.3 13.4 270.9 7.2 0.2 12.5 4.3 8.3 –1.8 119.4 –1.8 21.4 – – 4.8 –0.0 42.5 12.2 6.2 4.8 28.7 43.1 –0.7 –1.9 –0.9 11.1 13.1 – – – – – – – – – – – – – 1.9 7.4 1.7 3.8 – 67.7 0.9 143.7 – 5.0 – 0.707.2 – – –4.2 1.046. December 2011 Sep 2011 A 117 .9 0.3 – – 2.0 11.4 6.0 – 0.9 130.810.2 30.2 9.9 1.3 45.9 23.1 43.2 223.4 – – 1.2 9.4 –2.4 1.0 – –5.7 10.0 0.1 29.2 –0.7 4.1 1.4 – – –0.1 41.8 233.2 7.700.4 24.4 14.2 0.6 1.8 BIS Quarterly Review.7 2.4 –0.1 –0.9 302.1 13.6 0.2 16.5 0.2 1.2 178.6 6.4 46.0 –0.4 1.7 5.2 1.1 4.3 1.8 –0.2 15.8 – – –2.4 11.governments By nationality of issuer In billions of US dollars Countries Dec 2009 Amounts outstanding Dec 2010 Jun 2011 2009 2010 Net issues Q4 2010 Q1 2011 Q2 2011 Q3 2011 All countries 2.0 3.6 2.5 2.0 Offshore centres Aruba Bahamas Bermuda Cayman Islands Hong Kong SAR Lebanon Netherlands Antilles Panama Singapore West Indies UK 36.2 0.3 11.6 – – 15.2 5.688.2 235.5 – 2.9 72.5 0.9 – 9.4 7.4 – – –0.8 5.6 0.5 –0.7 9.4 0.8 64.1 4.8 2.6 68.3 11.3 1.3 1.2 63.5 0.1 0.8 4.8 0.3 – – –1.9 1.3 3.0 34.1 2.3 0.1 – – 40.7 53.3 3.9 –0.1 – 0.4 –0.5 2.9 10.3 0.8 – – 0.5 11.4 64.2 – – 0.6 26.8 Africa & Middle East Israel Qatar South Africa Tunisia United Arab Emirates 51.1 0.5 –0.8 – 63.2 –7.9 33.6 –2.1 – –7.0 6.2 5.9 97.2 0.5 1.6 0.7 16.4 8.3 25.7 63.6 32.2 32.4 229.7 0.3 0.4 – 1.9 118.9 231.0 – – 2.0 26.4 11.8 – 68.5 –0.1 –1.0 10.6 1.262.4 22.0 – –0.0 2.4 9.0 566.4 7.4 1.6 2.0 11.4 –0.0 1.8 602.6 3.0 2.6 0.0 0.2 47.1 –0.6 23.3 2.1 0.8 28.7 – – 2.6 0.8 – 9.5 100.4 – 39.8 – 69.0 4.0 33.4 28.3 1.4 – – – –0.1 81.3 2.3 9.8 0.0 3.5 3.4 12.9 76.3 18.5 0.7 – 0.6 0.6 – 0.4 23.7 7.8 –1.9 62.0 6.3 241.4 30.5 –0.4 –0.7 29.9 46.2 3.2 0.8 63.8 72.9 –6.2 – – – – – 1.2 0.2 – –6.7 2.4 1.0 – 12.2 5.3 3.0 –1.9 146.9 0.7 4.4 0.4 1.6 –0.2 0.3 47.0 3.9 11.4 274.6 55.3 – – 2.8 10.6 13.2 6.3 0.2 2.5 0.8 61.3 – 0.4 259.5 5.5 – –0.8 1.3 9.5 0.2 Developed countries Australia Austria Belgium Canada Cyprus Denmark Finland France Germany Greece Iceland Ireland Italy Japan Luxembourg Netherlands New Zealand Norway Portugal Slovakia Spain Sweden Switzerland United Kingdom United States 1.3 270.3 3.1 19.8 26.1 1.0 15.7 15.3 301.2 – – – – Developing countries 519.7 19.7 10.4 8.6 –0.0 1.6 1.4 18.1 –0.3 – – – – – 0.2 8.9 11.1 67.2 0.0 –0.5 245.7 26.4 166.2 9.5 13.4 49.9 55.9 11.1 2.417.2 2.0 1.3 17.1 612.1 1.3 62.5 –3.7 5.6 0.7 11.4 75.9 –0.7 – – 0.0 – – – – 0.2 –2.5 4.5 1.3 10.6 66.3 171.Table 12D: International debt securities .3 13.8 25.5 –0.1 0.8 49.4 – – 0.0 3.3 – 0.2 – –2.6 0.8 1.5 1.0 0.3 –0.8 2.2 – – 2.3 13.5 9.4 –1.2 7.8 1.2 0.5 –0.5 41.6 – 1.0 9.6 –1.2 – – 1.1 0.1 16.8 8.2 – Asia & Pacific China Chinese Taipei India Indonesia Malaysia Philippines South Korea Thailand 59.2 28.0 7.4 24.0 149.2 7.0 32.4 25.5 5.5 – – – – – 1.4 10.1 3.6 –0.0 0.8 – – –0.5 –0.3 120.0 62.7 – 47.7 0.0 2.8 53.2 104.5 0.9 3.5 3.4 6.3 – – 3.3 – –0.046.5 8.1 – 0.9 200.3 0.3 9.2 –0.2 2.5 0.8 – – 0.0 0.8 – – 18.6 – Latin America & Caribbean Argentina Brazil Chile Colombia Mexico Peru Uruguay Venezuela 225.8 –1.7 52.9 1.1 2.6 21.7 – – 7.8 – – 2.5 0.1 2.1 342.3 11.1 319.8 46.7 253.7 2.2 – – 41.3 – 0.0 –0.5 0.7 13.8 10.8 – – – 0.3 Europe Croatia Hungary Poland Russia Turkey 182.0 0.5 – – –2.3 1.2 – – –0.9 49.7 72.4 343.3 8.5 198.2 109.8 –0.5 0.8 229.8 4.9 10.3 28.4 2.0 1.8 0.7 126.3 23.9 8.4 0.6 – 7.3 51.4 – – –0.0 38.0 10.4 6.8 – –1.9 15.8 0.4 26.6 66.8 1.1 33.7 57.2 – 0.5 203.5 61.5 76.7 5.1 – 7.5 – – –0.4 237.6 1.2 2.5 47.0 7.5 16.2 2.5 2.4 2.7 16.3 3.5 – – – – 1.6 0.

1 … … … … Financial institutions Governments International organisations Corporate issuers Other instruments US dollar Euro Yen Pound sterling Swiss franc Canadian dollar Other currencies Financial institutions Governments International organisations Corporate issuers Currency of issue Argentine peso Australian dollar Baht Canadian dollar Czech koruna Danish krone Euro Hong Kong dollar New Taiwan dollar New Zealand dollar Norwegian krone Pound sterling Rand Russian rouble Singapore dollar Swedish krona Swiss franc US dollar Yen Zloty Memorandum item: Domestic money market instruments Total issues Commercial paper Treasury bills Other instruments A 118 BIS Quarterly Review.9 1.0 2.1 266.7 –58.1 45.8 10.3 –0.1 2.3 0.8 403.0 2.5 12.7 –8.4 2.7 – 12.3 11.9 0.2 0.3 32.5 12.3 –87.3 –12.1 –90.5 45.2 3.5 17.0 12.0 0.0 0.7 –2.5 0.2 2.1 16.0 –14.5 –0.6 1.1 –25.0 18.6 378.0 –36.0 4.4 1.0 162.3 –2.4 –0.0 –0.3 17.6 –0.5 172.2 –28.4 –49.0 88.7 3.0 0.6 –0.8 –1.6 –7.1 202.3 2.7 0.0 1.1 0.4 2.1 30.1 –1.9 –78.4 –32.6 –0.0 14.0 1.0 155.2 –6.8 –26.0 –0.0 –0.6 3.0 0.5 2.2 9.2 –96.841.5 –4.9 5.3 – 0.1 417.3 11.4 – 9.4 18.7 8.8 167.8 –2.0 –103.9 –50.3 12.0 0.4 0.5 – 0.2 1.7 10.3 0.1 28.2 0.9 –12.2 0.2 4.1 0.8 –379.0 1.8 –2.7 0.780.8 5.5 1.8 1.5 3.3 308.3 15.3 –0.2 –64.4 –0.2 89.6 –3.5 15.0 2.9 16.4 74.5 –2.2 1.2 7.0 0.8 1.4 –183.0 1.2 –1.9 1.8 0.8 0.8 – 1.2 1.6 21.9 –11.6 –11.7 –1.1 383.4 1.957.Table 13A: International money market instruments By type.3 20.7 –401.0 –1.3 132.0 0.3 64.7 10.0 7.6 125.7 –2.8 178.4 1.9 –0.6 2.0 335.3 6.1 1.0 0.2 –237.6 1.3 0.8 –36.7 –106.8 127.1 3.1 24.0 22.5 – –0.3 5.0 –1.7 2.560.2 0.2 1.0 102.3 –0.0 2.3 0.0 –32.6 3.2 1.2 489.7 18.1 12.000.0 0.7 –3.0 2.8 23.9 –3.9 20.4 –317.6 –44.7 5.9 178.0 2.3 1.3 –0.8 335.6 15.6 –3.7 399.7 4.0 1.9 13.9 4.5 –1.1 1.8 –4.1 –25.5 5.0 –0.3 35.1 – –0.9 –7.0 0.4 6.7 18.5 22.3 –0.9 –28.6 0.7 0.5 437.2 1.5 15.5 0.6 21.6 129.0 0.1 1.7 –3.3 –0.8 –0.1 3.2 – 13.5 2.5 5.1 2.4 –91.1 –17.4 371.9 24.1 0.0 0.4 10.9 149.0 3.2 70.0 340.1 0.1 20.1 4.8 7.1 11.4 137.9 5.6 – –0.0 1.7 – 2.4 –0.0 0.0 –7.2 0.5 26.0 77.6 21.0 –0.6 0.7 10.5 1.8 33.2 – –2.4 1.9 279.1 0.0 0.3 –1.2 0.8 0.0 5.0 – –0.9 167.5 2.8 –1.2 21.1 14.0 0.0 4.6 35.2 182.9 – 1.3 369.7 –23.9 2.4 –12.2 – 2.8 958.7 666.1 0.761.4 76.0 1.8 106.5 114.3 –0.4 558.9 21.0 – –2.1 3.1 26.2 –7.2 29.7 – 0.8 399.9 –0.3 2.5 1.7 – 10.0 394.6 113.2 26.3 –8.9 –0.7 –3.7 10.9 –0.0 0.5 –64.8 176.1 11.8 – –0.0 49.2 – 2.9 32.9 –27.5 9.7 39.2 0.1 619.0 103.1 9.0 –3.4 –0.2 1.4 402.0 –8.6 10.4 … … … … … … … … … … … … –599.7 5.3 –2.0 1.7 –44.4 38.8 –137.7 156.8 –0.5 – 4.4 0.4 0.2 –3.2 4.2 –1. sector and currency In billions of US dollars Type.5 –2.0 – 2.1 0.2 0.4 12.4 –4.2 240.4 12.8 –48.1 0.7 250.3 11.4 –622.6 0.1 –29. December 2011 .0 26.0 179.4 – 1.2 0.9 67.8 0.0 0.1 22.6 –37.3 604.8 –22.5 –0.0 3.0 0.9 2.8 16.0 1.2 1.8 2.2 0. sector and currency Amounts outstanding Dec 2010 Jun 2011 Sep 2011 Gross issuance Q2 2011 Q3 2011 2009 2010 Net issues Q1 2011 Q2 2011 Q3 2011 Total issues 915.9 – 11.2 54.9 –0.2 201.5 –47.509.0 5.0 0.7 9.7 0.0 0.5 13.3 409.7 61.2 –0.2 3.2 –1.0 1.1 –0.2 510.4 0.4 0.7 980.8 376.1 31.0 1.3 –1.0 –0.728.2 –39.1 5.1 241.7 1.0 2.2 –5.2 Commercial paper US dollar Euro Yen Pound sterling Swiss franc Canadian dollar Other currencies 512.2 22.5 0.8 0.7 29.1 11.8 –0.8 477.5 184.1 – 0.6 –99.0 0.3 2.1 0.2 3.1 447.4 76.0 0.

2 105.9 48.8 4.9 2.1 40.4 160.1 120.2 –0.3 4.9 –5.5 1.0 2.3 60.0 –3.9 –7.4 7.7 37.0 42.0 12.3 19.4 –4.4 – 21.5 12.1 1.4 –0.9 1.9 –6.6 53.6 2.042.363.478.6 15.4 3.2 – – 6.8 0.202.2 56.185.6 28.398.6 1.3 12.2 3.0 –171.4 36.5 41.1 –97.4 2.8 8.0 2.1 31.075.0 4.2 1.0 453.3 420.0 –2.795.3 11.5 6.6 351.3 –0.794.6 –129.2 500.2 22.4 314.8 1.4 – 0.0 – 5.3 19.7 500.3 –40.7 4.3 –20.0 15.2 7.1 73.4 2.4 –2.1 1.994.1 3.2 0.6 89.6 22.6 2.2 3.5 0.9 1.850.9 997.2 7.8 36.2 –1.7 250.5 15.1 77.6 1.9 –7.1 5.8 184.8 –5.1 419.1 3. December 2011 A 119 .7 3.5 7.8 –3.9 241.9 32.4 8.7 381.7 –1.6 29.8 6.3 56.3 215.2 868.3 5.0 –0.8 7.7 3.1 323.6 8.9 –41.1 2.8 47.588.7 –2.5 8.4 164.2 –0.7 –0.1 33.8 2.606.501.4 –1.1 –4.3 8.7 0.6 377.2 0.694.1 –0.3 – – 13.3 13.6 616.5 343.3 23.3 0.9 516.3 15.7 –24.5 5.4 61.9 0.0 –29.7 81.2 – 267.6 14.Table 13B: International bonds and notes By type.8 243.3 4.9 442.9 – – 2.531.116.2 332.5 1.5 31.8 415.9 –1.1 0.7 –0.1 11.9 – – –4.0 21.6 10.8 820.639.7 8.3 2.5 11.8 231.5 6.8 235.4 99.4 24.8 12.9 612.272.1 29.2 –2.6 1.5 11.4 107.3 357.8 1.3 83.4 –94.5 11.2 54.8 1.1 –0.4 –1.9 919.1 401.8 75.7 4.1 0.0 0.7 26.8 308.0 –22.1 – 1.4 0.267.5 1.9 2.5 8.0 221.1 –4.9 0.5 364.1 6.141.4 2.952.4 13.4 19.4 60.6 2.4 70.2 12.6 120.9 –0.7 942.0 3.8 13.2 –0.1 –5.8 64.099.9 8.8 26.2 – 271.9 3.1 15.0 244.3 –1.0 1.0 1.2 0.2 41.5 13.3 588.166.6 1.989.0 90.0 872.733.021.4 –0.0 –0.4 596.3 –3.6 222.0 –0.4 497.0 –3.8 111.2 2.0 1.7 1.3 –0.4 3.5 169.0 52.8 194.5 –0.3 –7.0 9.5 – 0.6 26.9 –0.0 21.9 0.9 38.5 0.5 0.8 186.3 38.2 479.178.5 0.4 503.0 220.5 760.145.769.119.1 9.9 2.3 0.0 21.5 3.2 6.0 1.6 –14.1 –0.772.7 59.323.8 10.1 –5.5 7.941.0 3.3 –8.498.3 – – 3.8 9.2 0.2 –3.6 –12.227.7 2.2 10.2 0.4 5.3 12.6 1.9 45.1 3.5 13.6 22.4 12.8 – –0.4 –6.0 –3.1 447.8 54.366.1 1.7 37.7 14.7 1.0 522.7 1.1 0.831.1 121.7 –0.5 2.4 6.8 455.6 36.5 0.3 1.3 – 41.9 3.5 1.2 24.3 57.3 17.3 1.7 17.358.3 155.1 14.6 146.1 996.3 25.8 26.9 17.1 1.4 –91.1 74.8 116.8 2.1 34.4 81.7 21.3 91.5 27.6 –0.2 257.0 32.3 –0.0 0.4 8.888.6 479.9 11.0 5.6 6.4 734.7 –3.2 –18.3 7.1 60.2 12.5 10.7 –20.7 61.1 2.3 Convertibles Warrants 481.8 733.3 5.1 184.2 0.8 152.7 11.7 40.4 –0.8 52.2 1.1 3.6 –0.4 2.6 803.7 1.1 0.9 –22.2 13.2 –3.6 5.6 15.1 3.4 2.9 –1.2 0.3 37.8 –35.469.3 171.4 371.381.8 1.0 –10.1 – –0.475.7 5.9 1.7 517.2 217.305.0 1.070.203.7 2.091.3 – 38.7 36.4 2.0 39.0 352.4 10.0 0.0 –0.7 2.451.6 4.4 – 0.4 22.7 0.6 119.681.010.1 8.4 –6.0 564.2 0.1 –0.563.3 –22.502.6 4.6 1.7 2.3 – 328.4 –0.8 –2.6 224.8 – 11.6 56.6 12.8 11.3 –0.3 32.3 56.7 5.6 91.4 73.8 20.9 7.8 256. sector and currency Amounts outstanding Dec 2010 Jun 2011 Sep 2011 Announced issues Q2 2011 Q3 2011 2009 2010 Net issues Q1 2011 Q2 2011 Q3 2011 26.6 326.4 7.0 1.2 17.0 9.6 –0.9 28.4 265.9 702.3 9.5 742.1 0.2 1.4 883.7 2.5 4.1 –1.4 –0.1 –2.9 –1.0 3.9 2.8 –43.4 185.3 28.8 674.1 186.4 2.7 80.4 7.5 8.7 485.905.1 19.5 11.7 17.3 7.8 17.7 1.9 617.1 2.3 0.1 2.5 –0.5 –34.2 – 27.5 508.0 2.5 358.0 65.7 –2.7 11.6 317. sector and currency In billions of US dollars Type.3 0.209.7 6.2 … … … … … … … … … 3.4 330.7 –27.137.6 1.1 9.0 183.3 104.153.8 –0.8 35.9 749.4 936.1 53.4 1.9 48.8 Financial institutions Governments International organisations Corporate issuers 223.0 84.131.9 186.2 18.113.9 3.8 212.3 –4.2 513.251.509.1 6.2 191.3 16.8 945.9 157.5 1.9 –7.4 … … … Total issues Floating rate US dollar Euro Yen Pound sterling Swiss franc Canadian dollar Other currencies Financial institutions Governments International organisations Corporate issuers Straight fixed rate US dollar Euro Yen Pound sterling Swiss franc Canadian dollar Other currencies Financial institutions Governments International organisations Corporate issuers Equity-related US dollar Euro Yen Pound sterling Swiss franc Canadian dollar Other currencies Currency of issue Argentine peso Australian dollar Baht Canadian dollar Czech koruna Danish krone Euro Hong Kong dollar New Taiwan dollar New Zealand dollar Norwegian krone Pound sterling Rand Russian rouble Singapore dollar Swedish krona Swiss franc US dollar Yen Zloty Memorandum item: Domestic bonds and notes Total issues Medium-term notes Bonds BIS Quarterly Review.570.2 7.2 52.1 22.4 992.8 55.1 37.5 14.1 – 260.352.2 –0.1 –1.7 –1.8 1.4 –17.5 642.8 371.9 76.0 1.4 –4.2 16.4 –1.7 92.6 8.3 2.7 –0.1 185.3 141.8 –18.6 5.2 145.2 16.5 57.3 37.8 4.8 230.251.4 25.0 1.090.8 3.7 0.0 326.4 24.3 259.6 10.9 4.4 185.8 7.099.4 24.7 2.7 9.2 0.6 2.5 12.

6 –0.4 – 3.1 14.0 14.0 –34.2 0.1 –0.9 0. organisations A 120 BIS Quarterly Review.6 – –12.3 2.1 619.8 111.6 –36.0 27.5 44.1 17.0 0.7 23.7 12.2 201.5 –28.8 – – – – – – – – – – – – – 0.0 0.1 0.5 7.0 2.0 –0.9 0.9 – –0.0 15.3 1.5 0.0 10.8 – –0.6 – 10.7 63.9 –5.2 23.8 –16.0 Developing countries 6.3 –0.1 0.3 1.0 – – – – – – – – – – – – – – – – – – – – – – – 0.7 14.7 980.1 26.2 –0.0 0.0 1.6 – – 0.0 – – – 0.1 –3.0 12.1 – – 0.8 Europe Croatia Hungary Poland Russia Turkey Latin America & Caribbean Argentina Brazil Chile Colombia Mexico Peru Uruguay Venezuela Int.2 48.5 0.9 2.0 5.2 3.6 – – –0.2 119.1 5.2 186.Table 14A: International money market instruments .6 0.3 52.all issuers By residence of issuer In billions of US dollars Countries Amounts outstanding Dec 2010 Jun 2011 Sep 2011 Gross issuance Q2 2011 Q3 2011 2009 2010 Net issues Q1 2011 Q2 2011 Q3 2011 All countries 915.7 21.7 0.1 0.8 – – – – – – 2.0 –3.0 –20.0 – 0.7 0.0 – –0.1 – – – – – – –0.7 0.4 – – – 0.4 – 50.5 6.7 0.1 –5.0 – – – – – –0.0 – – – – – 1.4 – – –7.4 3.2 3.4 38.2 –2.8 – 3.3 – 2.1 0.6 –0.1 1.9 2.7 0.1 96.0 0.4 0.4 0.7 11.1 – 0.1 – 18.0 0.5 104.6 0.5 0.1 3.0 24.9 35.3 4.2 0.7 – –0.1 – 0.6 3.6 0.8 117.1 0.3 11.4 – 10.1 –0.9 0.7 23.9 2.5 –1.1 3.6 –0.5 – –2.9 5.9 0.3 –0.2 – – 0.1 1.5 73.0 2.2 –237.5 2.1 –9.2 0.6 Africa & Middle East Israel Qatar South Africa Tunisia United Arab Emirates 0.1 7.0 26.1 0.5 – 5.3 78.3 75.2 21.8 0.7 4.7 – 0.0 1.8 –0.2 8.3 –3.3 – 3.0 0.2 – 0.6 – –0.2 – 0.4 15.0 26.3 –0.1 0.5 64.0 – – – – – – – – – – – 0.1 122.5 –220.8 16.8 – 1.9 1.9 101.5 –6.1 – – – 0.4 – 9.9 7.3 21.2 Developed countries Australia Austria Belgium Canada Cyprus Denmark Finland France Germany Greece Iceland Ireland Italy Japan Luxembourg Netherlands New Zealand Norway Portugal Slovakia Spain Sweden Switzerland United Kingdom United States 871.1 – – 0.6 3.3 – –0.0 153.7 7.0 1.7 5.2 136.7 – 1.9 612.5 1.0 –25.8 9.2 189.2 –9.7 –4.9 13.0 0.0 – 0.7 – – –0.0 –8.5 7.2 – – 0.3 22.9 –2.4 1.0 – 2.1 – – – 0.6 – 0.5 –1.6 0.9 –0.4 577.1 0.3 43.3 –11.1 Asia & Pacific China Chinese Taipei India Indonesia Malaysia Philippines South Korea Thailand 4.9 897.2 7.1 3.7 666.6 2.3 0.0 –5.2 – 23.4 –0.2 19.7 39.6 14.5 0.2 0.2 –0.1 – –27.3 –0.1 24.1 1.2 –0.0 0.3 8.1 35.0 – 5.0 –14.2 – – – – 0.5 0.1 2.2 –0.0 –32.0 47.4 0.0 – – – –0.1 22.0 0.7 –0.9 6.8 43.4 – – 33.6 –0.5 –0. December 2011 .2 –0.8 – 18.6 –0.3 –5.5 – 0.9 –2.5 0.4 31.1 – 2.5 – 2.1 – 0.6 – – 0.0 –0.1 –8.0 15.6 18.0 – – – –2.0 7.6 – 0.5 0.0 8.4 – –0.0 –0.0 – – – 0.6 –4.8 0.6 – 28.8 – 0.8 86.9 –8.1 – – – 1.3 –0.8 –6.0 4.3 21.6 2.2 2.6 – – 0.3 2.0 0.2 0.2 8.0 0.1 –0.2 0.8 –0.0 0.0 – – – 4.3 – 4.9 0.1 3.7 –0.5 0.7 18.0 –3.4 0.0 41.3 –1.1 2.8 – – 0.5 3.8 0.1 –0.6 – –5.7 35.0 – – – – –0.8 –0.1 7.7 0.0 14.0 3.3 0.4 – – – – – – 5.2 0.9 0.4 0.1 –2.0 – – – 4.3 86.6 – 0.9 97.5 – 0.1 – –13.5 Offshore centres Aruba Bahamas Bermuda Cayman Islands Hong Kong SAR Lebanon Netherlands Antilles Panama Singapore West Indies UK 27.4 6.9 27.3 7.0 1.3 28.8 1.8 0.3 – –2.2 – –0.2 – 2.4 –102.4 20.3 4.1 102.0 –0.0 –2.4 1.0 14.3 0.9 –26.2 – – – – –0.2 –0.5 0.5 0.4 – 0.7 11.1 79.1 –6.2 – – – – – – 2.0 – – – 11.0 – 0.9 0.4 –0.9 –0.1 – 4.0 – – – 0.7 –14.8 12.7 7.9 4.4 0.9 – – – – –0.0 13.9 6.3 – – – – 0.5 4.0 – – – 1.9 0.5 – – 38.9 0.8 0.4 –0.6 0.1 – 0.0 35.6 –3.0 5.8 – – 0.6 1.4 60.5 –5.4 3.2 – – 0.1 3.1 0.0 –1.6 –0.4 –5.3 4.8 0.0 7.7 1.6 3.5 894.2 –2.1 2.1 1.4 –1.4 – – – 0.6 – – –0.0 – –3.5 13.8 4.2 – – – – – – 0.2 15.3 9.4 –0.7 0.4 – – – – – –0.2 – – – – – – 0.0 –8.3 0.4 – 1.7 0.4 – –0.8 35.6 6.8 958.2 132.6 4.8 2.3 9.1 – 2.1 – – – –0.0 –3.4 – 43.4 0.

7 –0.3 –0.4 1.9 11.4 5.9 32.9 23.1 6.9 6.8 104.4 – – 0.4 5.249.6 13.5 0.9 6.9 Europe Croatia Hungary Poland Russia Turkey 273.5 311.682.0 132.1 51.136.5 12.0 10.5 17.3 –0.9 4.0 6.9 15.9 40.2 129.3 2.1 57.5 5.5 1.7 11.1 –0.0 2.2 –42.2 –6.9 1.7 – – – 7.5 25.3 28.1 1.4 10.142.8 11.4 5.872.9 343.5 12.4 2.5 38.1 1.9 11.2 15.065.4 1.2 1.0 58.8 4.4 –0.3 25.8 37.4 27.6 60.5 161.2 59.3 –0.3 311.5 –0.2 –0.1 371.1 1.7 2.134.263.7 – 6.5 20.9 6.2 48.0 –5.7 16.2 –0.7 –2.4 54.0 –9.1 11.6 54.0 24.5 –7.1 0.7 13.3 –0.195.0 –3.6 539.7 0.2 –2.0 335.3 3.9 15.2 181.1 8.3 16.1 –24.5 6.2 –0.4 2.772.2 6.0 20.0 24.0 –0.4 421.1 66.1 446.2 122.4 2.8 56.8 – 0.5 1.7 1.5 9.9 0.3 –2.6 120.9 33.1 996.1 2.9 –0.6 87.3 8.3 733.1 –0.3 89.2 1.919.2 0.1 144.169.5 –0.5 1.7 22.4 7.1 4.8 15.518.4 27.1 17.5 341.2 3.8 12.170.1 1.8 0.601.2 34.7 70.0 24.5 26.4 24.434.7 175.2 –3.2 2.3 Latin America & Caribbean Argentina Brazil Chile Colombia Mexico Peru Uruguay Venezuela 405.5 39.4 44.6 64.6 177.Table 14B: International bonds and notes .9 24.5 6.9 3.8 11.1 0.0 5.034.6 8.1 0.4 0.7 183.0 1.1 73.3 9. December 2011 A 121 .2 40.9 1.3 64.9 6.0 32.2 3.0 15.9 76.0 171.4 7.6 61.1 50.6 4.2 847.0 14.0 5.4 –0.3 1.9 0.7 6.0 18.6 – –0.6 24.9 1.1 0.5 4.7 2.8 Developed countries Australia Austria Belgium Canada Cyprus Denmark Finland France Germany Greece Iceland Ireland Italy Japan Luxembourg Netherlands New Zealand Norway Portugal Slovakia Spain Sweden Switzerland United Kingdom United States 23.9 0.8 363.2 0.8 19.4 72.8 110.6 13.5 1.3 26.7 137.7 5.7 145.3 3.1 2.1 15.2 –10.1 25.8 2.5 – 0.9 136.2 386.6 1.7 152.0 7.8 386.4 53.7 26.5 4.8 3.6 –1.2 1.6 55.0 BIS Quarterly Review.2 0.1 1.750.7 57.229.9 53.5 14.4 –2.0 –0.5 0.1 8.6 –0.2 52.6 37.2 22.1 –38.1 –0.708.7 53.0 7.3 85.1 3.2 294.0 377.5 1.8 1.1 72.7 6.9 57. organisations 881.1 192.5 3.498.2 0.9 21.9 –27.9 41.5 – 17.2 567.4 0.2 5.3 22.8 350.2 37.4 2.130.4 –12.9 –2.5 32.3 1.8 22.804.8 1.5 1.5 56.3 –0.0 2.029.9 51.2 17.7 0.2 38.4 64.6 0.014.3 –0.0 90.1 9.0 10.2 19.136.7 1.8 0.3 27.9 11.2 565.3 14.2 –2.9 –1.3 182.3 17.6 24.9 – 2.7 2.6 0.9 2.6 10.6 335.5 91.6 43.8 1.8 134.1 0.2 0.7 4.1 113.2 2.2 1.2 8.4 4.2 2.3 0.1 8.8 – 3.6 55.363.8 2.7 715.3 15.2 46.6 – 0.8 2.4 – – 0.6 10.7 1.3 9.5 –1.7 48.8 0.3 –0.502.4 16.496.6 132.2 1.2 1.8 14.4 8.9 564.551.3 13.6 32.3 0.5 1.8 80.3 2.1 –0.5 70.6 13.3 95.3 164.5 7.7 0.9 59.0 7.8 19.9 79.6 35.2 28.6 202.239.0 38.1 20.678.6 0.5 15.7 20.1 6.3 343.4 –22.9 42.0 – 0.1 104.4 –8.7 58.5 41.4 –0.9 13.1 12.9 33.0 15.4 0.4 22.1 10.0 –9.6 5.2 0.8 10.6 –0.6 2.9 0.2 7.2 57.9 24.141.7 32.9 1.1 2.0 12.9 1.5 –10.0 0.9 1.3 4.8 0.8 0.0 26.3 29.0 1.2 –0.9 24.3 1.3 40.6 79.3 443.6 –0.3 1.170.1 0.9 16.1 3.6 2.8 4.9 34.2 1.5 1.2 21.9 1.4 0.5 –5.1 9.7 9.6 26.1 –13.2 29.2 34.7 4.7 –1.1 0.4 1.4 188.8 338.4 Offshore centres Aruba Bahamas Bermuda Cayman Islands Hong Kong SAR Lebanon Netherlands Antilles Panama Singapore West Indies UK 1.6 159.2 709.5 1.3 30.2 54.8 24.5 7.8 0.4 245.4 4.2 0.7 8.9 0.8 – 13.9 –0.1 –1.4 –1.6 8.2 8.9 6.2 0.9 7.1 1.3 1.7 12.2 39.0 0.8 6.3 15.946.4 –0.6 0.7 15.8 6.2 61.2 115.7 2.7 –2.2 3.9 329.4 1.6 1.4 –7.1 1.all issuers By residence of issuer In billions of US dollars Countries Amounts outstanding Dec 2010 Jun 2011 Sep 2011 Announced issues Q2 2011 Q3 2011 2009 2010 Net issues Q1 2011 Q2 2011 Q3 2011 All countries 26.6 4.6 0.7 2.6 28.8 –4.6 377.1 27.6 –0.4 –4.5 121.5 4.6 1.7 47.4 3.2 41.0 7.4 302.9 442.2 5.4 1.9 28.9 2.0 52.1 –10.848.6 100.9 –0.8 136.0 9.1 444.7 14.1 1.7 26.8 – 0.7 26.1 –1.4 2.7 3.7 457.2 0.3 –0.8 – 20.8 –0.7 13.7 1.6 32.4 65.0 3.4 16.2 –0.2 15.7 18.4 26.9 1.4 –0.2 99.3 1.2 –0.8 3.4 1.7 27.5 1.4 1.2 251.2 0.7 93.6 –8.2 –1.2 –0.1 Asia & Pacific China Chinese Taipei India Indonesia Malaysia Philippines South Korea Thailand 308.5 1.8 –2.1 2.1 333.9 24.5 – 19.3 81.9 2.2 –0.3 – –0.4 653.5 2.7 11.8 1.2 236.5 3.3 – 4.6 3.134.9 4.1 0.2 332.3 0.1 –0.7 0.250.2 2.8 0.1 1.1 6.604.1 2.3 8.3 2.0 166.0 17.7 28.4 6.7 15.1 2.7 17.7 71.5 0.1 8.6 2.4 9.8 0.4 0.6 191.3 –0.1 0.006.1 –0.8 1.3 1.0 2.4 16.5 30.0 Africa & Middle East Israel Qatar South Africa Tunisia United Arab Emirates 154.7 27.0 69.2 4.4 20.5 –0.3 3.1 2.353.1 8.3 93.8 241.2 86.022.5 0.1 5.9 – 1.3 37.8 –2.0 –0.6 30.5 1.6 –3.2 69.9 Int.7 1.1 –12.570.6 –2.2 3.0 – 0.795.3 154.5 22.6 18.9 0.3 –1.3 4.0 –0.247.1 1.5 25.7 104.4 1.9 1.5 4.3 9.547.8 1.1 10.3 111.4 –5.0 6.2 343.1 –0.1 3.6 1.5 13.7 0.681.4 0.0 41.9 0.3 130.4 –3.0 0.7 56.1 32.4 79.0 0.9 Developing countries 1.6 1.

2 6.0 7.7 –15.0 –0.4 126.4 4.7 0.2 Offshore centres Aruba Bahamas Bermuda Cayman Islands Hong Kong SAR Lebanon Netherlands Antilles Panama Singapore West Indies UK 13.3 4.7 666.8 122.9 40.5 0.8 0.4 21.1 51.8 0.1 – 0.4 –0.6 –7.3 –218.6 0.2 – 0.8 – – – 4.9 12.2 – 6.3 8.6 12.3 – 0.6 27.4 100.2 – 5.6 9.5 3.7 – Europe Croatia Hungary Poland Russia Turkey 1.0 – 0.3 –11.5 –2.2 –1.7 0.9 6.1 – –0.0 – –2.3 11.9 27.9 0.7 1.1 12.1 –3.8 42.5 907.1 33.5 –1.0 0.4 1.1 0.2 – 1.8 10.0 Developing countries 14.0 –6.8 9.9 0.9 0.0 – – – –0.2 1.2 – –0.5 –8.3 0.9 –0.7 –14.8 –42.0 – – – 7.2 –0.Table 15A: International money market instruments .2 – 0.5 19.7 1.4 –1.0 0.5 – 0.2 1.5 11.3 0.5 13.2 0.9 – 0.9 3.4 – 0.1 –6.1 – 3.2 – 43.2 –0.9 – –0.0 –0.4 24.0 17.1 – 0.0 – –0.7 –5.0 1.4 7.2 35.4 9.1 47.6 1.9 – – – 0.8 580.4 7.3 4.0 – –0.0 20.6 0.7 0.7 – – – 8.2 – – – 1.1 – 56.5 –46.0 11.3 103.2 – 0.3 1.1 – 0.0 0.8 7.7 12.5 2.3 – –0.6 33.0 –0.7 – – – 2.5 0.1 – – – 4.9 –6.9 12.4 1.0 11.1 43.3 –2.5 – 5.6 – – – 1.2 –2.9 0.2 0.3 – 0.9 64.0 – 13.6 12.0 2.2 – –2.2 0.0 – – – – – –0.1 0.1 3.2 4.2 42.2 –1.2 –12.1 3.0 –2.0 0.2 5.9 147.8 0.8 7.4 4.6 92.6 – 0.2 31.5 – –0.5 1.8 – – – 3.3 17.7 65.4 0.9 6.4 0. organisations A 122 BIS Quarterly Review.5 28.8 0.8 – – – 5.9 –0.0 –0. December 2011 .4 4.0 0.2 5.5 96.0 14.8 1.5 0.2 3.0 0.5 0.0 – – – 0.0 20.3 – – – 0.0 – 0.9 15.6 4.7 141.0 – 0.1 24.2 – –0.9 42.4 –0.1 2.9 0.2 21.8 21.3 0.9 – – – 8.1 – –0.7 0.9 – –6.8 0.3 0.2 – 0.0 30.5 –1.9 – 0.5 –13.6 – 1.9 613.1 –0.7 13.1 – 0.0 – – 0.7 17.6 25.1 –7.7 –0.0 34.1 4.9 0.2 91.1 – 2.5 –1.3 2.2 – –15.1 – – – 0.4 –0.7 – – – 7.3 – – – –0.1 –0.0 – –0.1 –0.1 – 0.7 0.0 –82.8 9.0 0.2 37.6 –1.7 –4.1 1.5 34.4 – 0.9 7.4 – 25.7 – –0.5 40.7 23.8 –0.0 –0.3 – 0.0 – 0.4 3.6 6.9 0.3 0.3 2.0 3.0 0.2 – 14.4 3.5 0.8 – – – –0.1 –3.5 2.8 Int.2 14.0 0.9 24.4 – – – 3.1 12.0 21.1 26.0 0.0 – –0.7 4.4 9.1 0.0 2.3 15.9 0.1 –0.5 5.6 – – – 7.9 –1.9 –1.0 4.4 9.2 0.3 11.5 – – – 0.8 958.6 – 0.3 7.1 0.3 0.8 109.9 4.8 –5.5 – 0.7 0.6 –36.6 1.0 – 10.1 – –0.5 10.0 –0.0 3.4 –0.0 –32.5 1.3 – –0.6 8.7 0.5 11.7 –20.2 – – – 1.1 1.2 – 60.9 –0.1 6.2 0.3 1.2 103.8 – – –0.7 – 16.9 4.8 11.2 53.2 5.6 4.4 – – – 0.8 4.2 –0.2 77.0 7.0 – Latin America & Caribbean Argentina Brazil Chile Colombia Mexico Peru Uruguay Venezuela 3.3 0.8 0.3 0.2 –2.9 – –0.5 – 1.2 – – – 11.all issuers By nationality of issuer In billions of US dollars Countries Amounts outstanding Dec 2010 Jun 2011 Sep 2011 Gross issuance Q2 2011 Q3 2011 2009 2010 Net issues Q1 2011 Q2 2011 Q3 2011 All countries 915.7 980.3 – 8.4 19.6 905.0 – – – 0.9 0.1 –0.6 1.6 0.6 0.7 11.6 151.1 619.7 6.0 15.0 – 0.0 – – 0.6 – 1.3 – 41.5 0.2 – 0.4 1.7 1.1 – – –0.7 –0.5 2.5 –11.0 – – – –0.4 38.3 –4.8 –3.1 0.0 0.4 – 16.8 0.6 0.9 2.4 – –0.1 0.6 – 0.4 18.5 –0.4 3.8 7.8 – – – 2.8 –0.0 – – – –2.9 183.0 – – 0.4 – 0.9 – 8.2 –4.8 0.0 2.6 – –22.3 3.1 – – – 3.1 – 0.7 2.6 – – – 1.2 – – – 1.2 Developed countries Australia Austria Belgium Canada Cyprus Denmark Finland France Germany Greece Iceland Ireland Italy Japan Luxembourg Netherlands New Zealand Norway Portugal Slovakia Spain Sweden Switzerland United Kingdom United States 877.0 –8.8 3.1 –0.0 – – – 0.1 Asia & Pacific China Chinese Taipei India Indonesia Malaysia Philippines South Korea Thailand 8.8 – 20.0 8.7 –5.3 2.1 –2.5 –2.0 0.1 0.3 117.3 0.6 4.1 – 0.4 1.7 –0.0 –22.5 98.1 – – – –0.8 – 0.1 – 2.0 17.5 0.0 – 1.3 1.3 – 0.7 Africa & Middle East Israel Qatar South Africa Tunisia United Arab Emirates 0.7 –0.2 92.1 – – – –0.2 – 11.8 0.6 – – – 9.4 –0.1 –0.3 0.4 – 0.7 5.7 – 0.2 – 0.9 –0.6 44.0 – 0.3 0.1 – – – –0.4 – 3.5 0.4 – 16.2 106.0 62.2 –24.0 –16.2 –237.7 –0.1 –13.7 –1.7 99.7 –8.8 – – – 8.7 0.3 0.5 – 3.3 3.9 0.1 0.4 0.7 0.

9 72.1 2.6 144.7 10.6 19.6 2.681.9 0.795.121.3 0.2 0.4 –9.6 13.5 8.3 37.3 90.4 85.3 27.1 18.2 54.0 –8.303.2 48.8 –2.0 13.4 – – 3.2 –1.9 –4.0 1.6 5.5 7.9 71.7 12.148.3 80.3 267.007.9 2.8 8.7 8.4 1.9 275.1 335.4 1.5 29.3 4.072.2 – 0.2 265.6 0.0 10.6 –0.8 0.3 –0.6 –3.8 73.2 –0.4 –7.2 –6.0 – 19.4 71.3 2.8 0.9 56.8 2.2 38.7 19.1 705.3 39.0 8.2 23.1 66.7 – 10.5 20.0 5.2 0.3 4.6 62.7 –0.1 – 1.4 14.318.4 –0.3 – – 3.4 – Developing countries 1.2 – – 0.3 25.8 10.8 80.7 1.1 – 0.8 10.8 1.3 16.3 –1.4 5.5 –0.9 18.0 0.4 152.9 1.820.1 12.1 1.6 56.1 4.8 3.4 242.2 5.1 1.8 38.2 1.9 0.5 10.0 2.6 8.7 10.6 14.Table 15B: International bonds and notes .7 133.5 –2.3 7.7 20.0 490.5 0.7 3.0 36.817.8 –0.2 – – 0.8 1.8 – – 0.9 49.6 1.3 1.2 1.2 1.9 21.7 23.7 – 4.9 442.7 25.2 41.1 7.3 12.0 5.7 4.2 1.2 106.7 48.1 1.7 4.4 0.7 124.4 112.4 448.4 9.3 57.8 –2.1 164.0 572.6 –4.754.4 11.0 70.2 421.5 33.3 1.0 1.0 1.2 39.3 491.025.4 2.723.6 36.0 6.1 51.7 356.1 –4.6 25.2 7.4 23.6 59.8 1.9 – 6.5 –1.2 0.6 73.7 –0.7 –0.3 28.1 18.8 5.4 60.0 11.710.2 1.1 0.5 20.5 0.0 0.5 1.7 9.1 359.6 12.1 418.879.1 3.8 511.0 0.135.302.5 2.6 120.5 3.6 2.6 1.7 3.3 0.7 – 1.8 5.4 0.8 41.1 – 34.2 109.8 204.0 0.1 50.8 0.2 –0.6 1.6 701.4 54.3 –0.1 28.1 2.3 23.7 1.6 152.3 9.9 –0.5 400.5 15.2 42.3 –15.8 13.3 –0.8 9.2 2.1 –1.1 10.4 – 1.3 –9.5 1.0 649.6 21.451.4 0.4 2.169.4 457.6 258.3 43.2 33.1 0.0 – 2.4 1.5 7.1 0.7 8.2 0.5 –6.9 15.0 – 0.1 2.6 1.4 10.6 2.251.2 323.1 2.8 40.8 16.6 236.0 0.7 0.8 0.2 –0.1 12.6 –4.8 0.8 81.9 344.1 – 4.7 –0.6 0.1 602.6 11.1 26.9 36.2 104.2 1.2 25.0 –0.6 24.9 56.1 270.6 12.8 481.9 –1.7 2.7 62.6 515.8 0.6 2.3 245.8 3.8 5.0 51.1 56.9 – 10.8 14.1 135.0 4.8 1.5 –0.7 61.5 64.2 –1.9 2.7 3.5 Offshore centres Aruba Bahamas Bermuda Cayman Islands Hong Kong SAR Lebanon Netherlands Antilles Panama Singapore West Indies UK 267.4 –0.2 516.6 1.2 3.091.377.0 –9.570.2 4.2 0.9 138.5 1.1 610.8 1.6 – 6.4 198.4 42.3 5.8 –0.3 8.8 9.5 121.4 16.3 118.7 –2.0 – – 0.8 –4.0 –16.6 0.1 58.8 53.3 17.1 59.0 55.2 83.5 35.5 41.2 26.2 1.1 4.1 1.8 36.3 Latin America & Caribbean Argentina Brazil Chile Colombia Mexico Peru Uruguay Venezuela 471.4 7.2 59.2 11.7 2.0 47.5 7.6 265.8 855.9 0.2 425.9 41.1 11.1 –0. organisations 881.4 18.181.0 –10.3 –0.3 1.3 85.4 – 21.2 10.1 151.6 28.5 1.9 29.6 –0.2 10.4 4.3 510.1 20.0 7.2 53.6 157.4 56.4 1.8 13.4 15.2 4.6 40.4 6.3 4.9 3.236.3 1.1 Europe Croatia Hungary Poland Russia Turkey 383.6 1.5 1.1 79.9 –15.4 18.7 1.4 0.5 –4.6 –3.5 213.3 455.8 56.4 574.1 19.1 113.2 19.2 46.7 4.4 2.7 –8.7 0.1 –4.7 67.4 2.6 2.5 –0.6 0.8 –1.9 0.2 0.6 2.1 0.8 172.7 1.9 10.7 – 0.4 100.7 1.6 15.0 338.3 8.8 1.6 496.4 114.0 10.3 4.1 41.2 1.532.169.5 – 20.1 2.8 1.1 14.0 5.5 41.2 3.6 9.4 23.1 65.0 8.709.1 –0.3 –9.8 0.697.0 53.9 Int.3 0.7 –0.2 332.2 1.5 3.5 102.7 1.9 1.3 0.5 4.8 Developed countries Australia Austria Belgium Canada Cyprus Denmark Finland France Germany Greece Iceland Ireland Italy Japan Luxembourg Netherlands New Zealand Norway Portugal Slovakia Spain Sweden Switzerland United Kingdom United States 24.4 120.2 74.7 109.0 164.7 167.2 76.0 8.9 156.8 21.9 2.all issuers By nationality of issuer In billions of US dollars Countries Amounts outstanding Dec 2010 Jun 2011 Sep 2011 Announced issues Q2 2011 Q3 2011 2009 2010 Net issues Q1 2011 Q2 2011 Q3 2011 All countries 26.2 17.8 1.9 33.2 –2.4 Africa & Middle East Israel Qatar South Africa Tunisia United Arab Emirates 229.2 105.3 35.2 0.5 15.7 2.9 –0.4 2.2 –3.3 16.6 389.2 2.6 –1.2 90.8 75.0 16.8 1.5 9.0 BIS Quarterly Review.5 24.7 23.4 84.4 4.8 4.0 647.5 6.3 483.4 – 8.5 – 10.8 –0.1 8.9 –1.1 –2.3 416. December 2011 A 123 .6 13.5 1.8 2.8 60.6 15.6 5.4 2.8 2.2 54.3 357.4 22.7 152.1 4.3 10.5 50.7 5.5 2.9 1.5 1.8 18.0 166.2 1.3 0.2 0.3 2.8 0.2 24.2 49.1 2.4 0.2 0.6 –2.2 26.1 37.7 132.625.0 0.6 14.0 0.8 82.0 233.363.3 41.3 – – 1.0 –2.5 78.5 7.4 1.7 –0.456.0 0.391.0 423.7 4.6 3.7 92.6 0.772.2 24.1 6.1 65.6 14.1 392.1 2.6 25.8 –16.1 996.0 –2.2 –0.5 42.4 21.0 12.9 93.4 0.5 – 4.4 16.9 3.8 –0.4 3.8 –58.1 7.2 –0.4 1.6 – 0.4 38.1 5.2 0.498.3 625.5 1.6 132.7 0.6 8.7 70.0 29.2 30.9 1.1 –21.6 0.5 94.6 117.7 1.2 1.7 17.6 2.9 – 0.7 2.9 12.8 Asia & Pacific China Chinese Taipei India Indonesia Malaysia Philippines South Korea Thailand 447.7 1.2 0.1 355.8 1.6 1.0 84.9 8.6 5.7 3.6 33.7 197.0 –0.5 –0.6 22.2 32.3 –5.4 24.940.0 9.7 0.947.0 48.9 4.0 25.5 – –0.7 598.3 25.0 31.6 18.066.2 62.3 1.9 44.4 225.5 13.3 – 0.2 62.3 – –0.6 28.7 526.

8 –30.2 94.0 1.1 47.9 113.9 –6.2 5.3 2.0 10.2 14.3 13.2 684.0 1.2 11.146.8 292.8 26.3 196.6 803.1 0.1 68.7 13.8 712.2 150.8 102.3 199.4 5.0 987.9 443.2 –4.021.4 –11.0 126.857.2 1.1 69.7 87.199.2 10.5 –6.342.7 101.7 A 124 BIS Quarterly Review.5 93.5 1.9 14.9 233.3 –0.1 69.2 130.5 –3.525.3 30.173.485.1 –3.5 262.622.175.1 –21.8 64.3 1.5 4.5 258.6 98.4 57.8 1.5 65.0 27.8 475.4 18.5 17.5 26.4 99.2 78.2 1.4 234.715.1 103.8 59.1 1.9 614.7 2.0 –0.7 256.475.1 94.0 30.1 112.5 275.1 13.1 31.2 3.7 0.4 3.0 27.0 1.3 39.5 87.5 26.2 3.4 –4.4 3.6 31.1 1.5 19.6 2.2 8.7 –46.8 371.3 5.7 20.9 3.2 37.0 2.998.9 9.4 4.0 1.7 49.2 –0.4 132.5 149.9 21.1 11.8 129.573.4 2.912.0 581.0 261.1 228.6 12.5 23.562.8 –10.028.2 1.8 54.5 182.5 136.648.2 12.3 55.3 183.048.4 1.5 405.2 610.8 65.4 –38.473.9 16.1 –7.8 2.1 7.5 104.0 451.3 –0.1 4.0 536.3 409.4 – 2.6 135.6 3.9 395.1 126.5 97.5 45.0 250.6 23.3 42.6 1.8 3.1 86.6 11.3 1.8 227.6 44.6 –55.693.4 15.5 102.0 210.0 126.7 17.2 1.4 4.6 75.7 –23.4 657.1 97.2 736.0 64.7 138.8 –0.4 1.4 84.038.5 132.8 1.7 – –4.5 221.1 66.1 5.9 1.3 1.2 657.5 4.3 25.0 1.1 30.2 –3.6 1.8 –3.7 –0.5 242.972.2 –0.9 – –3.235.0 239.1 12.5 25.7 –15.0 –9.5 53.083.6 27.304.9 21.5 2.5 1.547.4 –2.548.5 180.5 10.5 159.6 8.6 99.5 189.8 60.7 139.1 629.3 874.2 1.2 399.9 1.3 224.9 7.1 118.3 128.8 4.605.9 54.8 38.6 8.5 231.456.7 3.8 12.1 13.134.801.5 –3.4 –4.5 –5.8 1.087.9 112.3 30.094.2 2.4 3.1 48.7 87.2 3.724.4 89.4 –56.5 26.2 359.4 259.9 171.1 1.5 119.1 301.3 43.8 36.2 13.0 385.5 2.0 308.9 – –3.090.2 1.8 451.5 –10.1 223.5 168.2 12.1 8.2 69.382.0 6.7 261.3 362.5 66.875.5 251.9 138.0 977.4 151.4 6.3 97.8 0.6 21.3 –1.9 3.5 10.9 41.6 364.9 –6.0 53.1 59.6 25.3 4.6 608.047.8 3.0 85.0 9.7 74.2 345.849.0 2.4 –3.6 8.5 3.6 297.2 0.2 –4.6 8.7 22.031.8 27.7 585.2 –0.9 70.5 10.8 749.9 28.9 25.7 37.1 34.9 –35.4 376.1 25.5 5.4 0.0 1.6 68.0 113.3 105.7 231.5 – 6.594.6 737.4 –5.1 259.6 –6.2 24.6 –5.141.3 46.8 25.4 3.7 6.0 –12.8 290.9 59.4 77.1 –13.4 4.5 425.854.5 193.8 46.0 Governments Argentina Australia Austria Belgium Brazil Canada China Czech Republic Denmark Finland France Germany Greece Hong Kong SAR India Indonesia Ireland Italy Japan Malaysia Mexico Netherlands Norway Poland Portugal Singapore South Africa South Korea Spain Sweden Switzerland Thailand Turkey United Kingdom United States 34.3 15.9 30.8 20.8 4.1 –1.5 1.1 480.471.8 24.8 331.2 93.9 50.6 1.2 512.5 127.0 1.5 –8.8 1.5 21.3 0.6 202.7 144.0 –2.0 1.8 –16.565.3 25.0 117.2 534.4 7.6 6.4 80.7 1.5 600.606.0 137.8 1.8 9.2 0.7 8.2 1.1 228.7 1.6 1.1 –1.691.5 11.2 174.1 4.7 1.7 –3.8 36.0 –7.6 230.4 3.1 3.712.0 11.0 3.1 286.8 87.4 8.5 0.7 176.8 23.6 121.449.2 25.2 13.135.1 9.8 5.9 115.4 94.3 317.1 362.5 6.9 603.005.459.0 –15.8 707.7 98.188.1 30.5 369.5 238.5 288.2 20.940.4 61.3 1.251.1 2.5 770.7 –16.3 125.3 90.8 55.5 64.1 3.733.3 3.3 304.6 3.4 641.5 142.058.654.5 1.5 194.2 11.4 21.3 30.9 7.2 1.3 60.3 949.804.9 195.9 –9.4 41.5 118.4 134.1 416.3 291.5 20.1 125.7 711.9 0.7 9.2 2.3 622.1 1.4 611.3 22.7 154.0 225.826.421.111.5 1.460.6 –0.2 3.7 1.5 –14.6 258.7 30.6 43.172.9 7.3 –1.4 –3.5 28.5 16.7 4.2 3.131.7 24.2 11.1 –3.9 1.5 708.0 0.5 283.5 2.9 128.5 –0.326.0 36.1 2.9 –12.500.8 530.7 908.9 –8.0 14.2 74.0 140.7 65.8 –2.6 426.3 3.7 0.474.6 11.1 162.0 957.9 364.9 1.6 3.8 123.9 11.154.8 88.1 8.6 1.2 22.609.0 1.2 649.1 412.4 221.3 282.4 6.575.6 280.4 6.3 35.6 2.7 – 6.2 69.9 23.543.8 9.1 23.9 177.682.2 19.1 209.2 10.4 4.6 3.4 1.5 69.237.6 –34.5 3.7 3.0 230.7 344.6 6.017.9 327.0 –3.9 225.9 272.7 450.7 3.343.7 –64.7 20.4 546.4 3.9 90.1 95.521.5 17.834.5 133.8 138.7 107.560.1 118.817.964.7 608.5 7.5 215.2 22.6 –0.3 –4.0 1.6 1.534.9 247.3 –8.4 1.2 1.9 15.9 2.1 1.9 –2.4 – –5.359.8 35.3 139.191.8 58.2 7.1 1.3 3.4 2.661.6 6.9 25.5 13.5 105.6 181.9 6.9 33.3 691.4 1.8 –4.046.5 5.2 124.4 –12.6 7.5 –137.4 13.9 1.0 2.918.0 49.2 61.5 29.4 87.6 20.6 603.9 1.6 11.1 30.5 2.9 164.8 9.6 4.3 –5.2 11.7 6.2 –9.0 6.0 1.9 372.7 0.7 1.2 26.5 –13.9 103.3 114.1 288.7 204.5 3.1 –4.8 3.0 245.1 6.3 17.0 23.9 1.3 1.8 45.4 –1.1 202.5 –75.6 429.2 220.5 3.0 110.7 1.228.6 3.5 13.6 81.5 1.2 18.536.2 52.6 –8.6 114.066.8 6.0 17.4 16.2 6.593.Table 16A: Domestic debt securities By sector and residence of issuer In billions of US dollars Amounts outstanding Changes in stocks Sector and country Dec 2009 Dec 2010 Mar 2011 Jun 2011 2009 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 All issuers Argentina Australia Austria Belgium Brazil Canada China Czech Republic Denmark Finland France Germany Greece Hong Kong SAR India Indonesia Ireland Italy Japan Malaysia Mexico Netherlands Norway Poland Portugal Singapore South Africa South Korea Spain Sweden Switzerland Thailand Turkey United Kingdom United States 63.5 88.0 381.5 31.933.3 3.2 4.7 48.5 51.3 3.0 18.2 14. December 2011 .4 145.6 5.5 36.1 593.331.3 0.8 17.632.2 90.1 –0.1 39.6 –17.7 317.5 3.9 17.3 0.405.6 24.1 39.2 74.8 3.8 –4.6 5.3 2.3 1.9 97.1 275.0 2.2 133.4 2.7 164.2 145.4 30.8 51.7 230.6 –2.8 1.5 166.5 31.4 1.1 235.

4 75.6 0.3 236.1 13.3 –0.4 –0.5 – 3.7 1.8 143.2 –0.7 5.170.2 1.8 270.1 BIS Quarterly Review.8 1.8 168.7 1.9 108.1 23.6 165.0 1.8 127.0 –1.6 1.0 –78.6 23.5 471.7 14.6 –0.1 0.8 603.2 –25.9 1.8 0.4 6.7 1.4 12.8 –4.6 – –0.7 17.0 – 0.8 6.6 1.3 6.1 –0.0 –1.5 15.940.0 27.3 –5.2 –22.7 8.6 –1.0 1.6 –15.7 57.6 7.1 –0.7 36.6 8.0 52.8 –1.7 0.7 13.2 58.4 2.5 4.1 –2.3 25.6 – 0.6 1.1 1.1 27.2 331.6 160.9 4.6 309. December 2011 A 125 .0 6.6 583.3 0.0 0.2 114.2 10.3 3.6 3.0 21.6 – 0.3 6.6 257.0 273.3 –0.7 0.9 5.875.1 1.3 6.4 –9.5 1.1 7.5 4.6 0.1 –19.5 143.1 – 2.7 – 0.9 404.3 352.7 33.6 110.0 –31.6 0.5 – 301.8 21.1 – 10.776.5 123.0 7.8 –4.9 20.3 – 0.1 –2.0 –1.7 28.8 15.0 –2.9 –3.2 –17.9 2.5 32.7 32.2 3.9 17.6 0.3 0.0 1.6 126.7 2.0 – 0.0 28.2 0.8 11.8 0.3 10.1 –15.4 278.5 22.9 2.1 9.7 – 17.5 5.0 –6.355.9 1.6 – –0.5 –1.9 423.3 –136.0 11.6 782.2 98.2 3.0 2.7 0.5 30.8 –1.8 –1.6 – –3.1 2.8 11.6 –2.0 –0.5 0.5 2.2 25.8 – –2.2 36.7 146.0 264.2 10.3 1.8 261.1 –0.8 1.3 –57.6 22.6 974.5 1.9 18.9 57.7 –0.1 – –7.4 5.7 12.5 0.3 6.4 8.0 124.1 344.9 0.1 273.1 0.4 29.2 135.9 290.034.3 – –0.6 46.5 592.1 7.7 91.5 44.3 59.2 0.0 3.0 26.7 572.9 10.3 –72.5 –117.0 6.116.9 0.300.8 384.4 2.5 530.0 247.7 1.0 –0.2 –0.3 45.8 1.2 2.3 –53.9 6.4 – 1.0 –13.1 1.9 18.6 22.4 72.4 –2.5 7.8 –1.7 20.5 16.5 183.7 114.5 35.928.8 520.3 –0.1 497.2 –0.3 –0.8 – 1.9 – – 10.0 –0.5 29.2 0.7 27.0 0.4 4.3 –162.5 34.2 –0.1 11.0 255.2 3.6 0.3 –0.3 536.0 934.3 286.0 659.5 –70.5 3.1 1.4 19.6 –0.2 1.5 2.819.9 13.8 –7.3 22.1 –4.8 900.7 5.197.5 0.9 34.6 4.2 –17.6 2.5 20.7 –2.1 –2.1 – 309.3 – –6.7 4.7 2.3 0.2 0.1 77.5 177.4 76.4 26.4 0.9 3.7 401.1 35.8 – 51.1 0.5 39.9 11.2 – 3.0 25.3 14.8 – 14.5 21.2 24.3 –12.9 –6.7 –32.5 1.8 –0.0 0.6 11.1 42.0 0.052.6 305.8 1.7 116.0 –1.2 –0.5 43.8 –0.1 11.8 17.2 –0.4 101.1 6.4 –0.7 477.8 10.0 –0.2 1.9 27.3 95.2 77.6 0.4 6.5 0.2 30.0 –2.3 –2.7 1.3 120.3 21.5 120.9 –237.0 3.9 16.4 152.2 33.5 – –0.2 –0.1 – –83.9 4.3 –4.0 38.4 22.6 – 45.3 85.3 – 3.5 –4.9 –0.2 – 3.3 4.5 41.6 97.7 129.6 23.9 27.8 29.3 5.4 –2.4 0.7 – – –0.8 –0.4 29.2 –0.7 1.7 509.1 11.1 1.5 –21.5 –1.7 – – –0.2 5.0 – –23.5 78.5 –2.7 2.6 0.3 48.7 15.3 40.0 –52.7 –1.7 6.0 –0.0 79.6 75.5 574.2 0.2 – 311.4 –0.7 1.6 –0.545.3 235.4 –18.9 37.1 77.4 901.1 48.2 13.0 16.2 –0.0 0.1 10.5 7.6 20.1 32.1 0.5 1.6 –26.1 –82.5 –39.2 15.6 3.084.8 –0.9 46.7 0.5 315.112.Table 16B: Domestic debt securities By sector and residence of issuer In billions of US dollars Amounts outstanding Sector and country Financial institutions Argentina Australia Austria Belgium Brazil Canada China Czech Republic Denmark Finland France Germany Greece Hong Kong SAR India Indonesia Ireland Italy Japan Malaysia Mexico Netherlands Norway Poland Portugal Singapore South Africa South Korea Spain Sweden Switzerland Thailand Turkey United Kingdom United States Corporate issuers Argentina Australia Austria Belgium Brazil Canada China Czech Republic Denmark Finland France Germany Greece Hong Kong SAR India Indonesia Ireland Italy Japan Malaysia Mexico Netherlands Norway Poland Portugal Singapore South Africa South Korea Spain Sweden Switzerland Thailand Turkey United Kingdom United States Changes in stocks Dec 2009 Dec 2010 Mar 2011 Jun 2011 2009 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 23.6 –17.4 –0.0 –2.2 –1.1 13.4 –33.0 2.0 –4.930.4 –6.4 45.8 22.6 53.9 21.1 16.7 2.6 – 3.4 782.6 –0.0 61.7 0.1 2.9 0.8 886.1 – 0.201.0 4.5 135.3 – 338.5 9.7 363.7 –43.1 5.2 701.9 35.1 –0.8 62.2 751.5 15.2 1.7 1.4 –0.4 8.1 39.1 0.7 11.1 191.3 –2.2 0.1 165.7 2.5 –24.5 29.7 18.5 –0.7 13.7 10.7 0.8 2.2 4.9 9.769.1 60.1 –890.7 491.1 6.9 5.5 17.3 0.1 0.7 21.1 –16.4 –2.9 21.182.3 823.3 5.9 75.9 0.6 2.4 513.715.8 51.1 832.2 1.3 9.0 25.4 85.7 1.2 5.8 414.9 0.8 – 64.4 1.8 –2.0 – – –1.5 22.9 0.031.0 –0.7 –317.3 –0.4 –28.3 1.859.1 9.3 –7.5 11.7 19.2 23.3 0.7 119.0 4.2 784.8 25.0 42.9 23.6 380.3 –0.6 30.9 403.1 10.5 38.1 66.663.8 0.3 0.1 – 0.179.1 22.6 1.9 3.6 17.2 4.7 60.0 – 46.1 85.8 4.6 –346.3 124.124.4 217.8 41.7 7.8 55.7 3.9 62.3 153.6 –0.2 43.9 10.2 –0.8 1.8 430.8 1.7 0.2 1.3 5.0 –0.8 9.0 1.0 101.2 353.1 –6.7 258.6 3.1 –237.6 0.7 293.6 761.4 522.174.3 19.5 157.0 12.8 252.8 23.6 19.1 537.0 1.1 3.8 0.8 –36.3 435.7 5.5 184.9 –0.0 2.5 91.7 845.3 135.1 –0.0 –172.6 44.8 1.5 157.0 –0.2 504.2 606.315.7 7.7 277.8 0.7 10.9 28.2 97.3 22.5 13.2 –13.2 –0.0 287.5 866.9 – 53.7 2.1 –0.8 669.6 –0.9 25.3 65.4 – – 14.4 –24.6 –4.8 692.2 2.6 3.2 6.4 2.0 262.7 909.4 5.6 0.8 380.2 4.2 1.1 257.5 –1.6 12.6 21.4 21.658.4 19.7 6.4 0.1 6.4 23.6 – 1.8 284.2 0.

001.8 27.7 – – 301.9 11.3 – 11.897.2 19.4 20.7 9.4 468.9 – 0.1 1.7 10.4 – 1.7 11.1 21.1 – – 6.4 42.2 4.1 86.1 7.7 847.1 126.Table 17A: Domestic debt securities With remaining maturity up to one year / Amounts outstanding by sector and residence of issuer In billions of US dollars Countries Dec 2008 Dec 2009 All countries Australia Austria Belgium Brazil Canada China Czech Republic Denmark Finland France Germany Greece Hong Kong SAR India Ireland Italy Japan Malaysia Mexico Netherlands New Zealand Norway Poland Portugal Singapore South Africa South Korea Spain Sweden Switzerland Thailand Turkey United Kingdom United States 16.3 32.0 0.2 55.4 0.0 62.6 – 30.699.1 105.9 1.1 – – 309.7 72.0 127.7 3.8 735.6 25.8 90.1 17.3 12.7 – 2.1 429.4 95.3 13.2 15.1 537.7 8.2 4.3 49.9 138.6 12.2 35.7 148.5 11.8 13.607.7 1.007.9 – 0.791.9 75.1 32.5 1.9 0.9 11.1 9.3 66.7 1.7 34.8 2.0 3.2 390.4 10.4 83.8 791.6 10.8 42.9 34.7 51.4 0.3 86.8 91.5 251.3 – 0.2 55.433.2 1.0 130.8 109.1 27.3 31.5 30.8 31.6 27.6 407.1 69.1 2.6 15.8 67.4 536.2 17.6 0.4 117.9 26.5 – 2.5 – 20.5 216.7 151.5 50.2 447.2 111.7 223.5 395.8 31.7 39.2 476.9 Governments A 126 9.4 4.3 40.6 391.2 506.7 326.3 5.7 58.5 11.8 – – 6.8 23.470.5 843.454.4 14.000.968.5 23.1 13.2 127.2 Financial institutions Dec 2009 Dec 2010 Mar 2011 Jun 2011 6.318.8 0.8 131.1 109.6 BIS Quarterly Review.3 537.413.8 939.3 219.2 48.9 181.4 83.1 52.8 0.4 459.8 11.1 0.2 5.587.2 12.6 270.2 384.5 29.3 34. December 2011 .869.4 37.1 4.042.7 1.7 136.3 0.5 975.637.4 11.2 – 16.6 485.7 35.2 11.1 0.638.0 30.1 39.1 226.1 – – 2.6 379.5 – – 2.3 21.0 318.8 97.3 4.9 1.9 32.1 319.4 1.4 255.2 6.9 57.4 59.2 56.9 5.0 29.0 926.0 – 1.9 1.0 18.1 724.9 3.159.3 1.1 – 338.1 12.8 386.7 103.8 – 2.6 0.1 13.6 126.9 – 4.5 423.6 125.8 3.6 58.3 2.9 493.0 13.1 457.0 26.8 29.6 0.5 All issuers Dec 2010 Mar 2011 16.1 3.9 59.9 446.6 166.5 333.2 2.1 7.2 0.3 51.9 164.9 0.7 6.4 2.162.0 0.6 33.7 2.2 34.1 5.7 110.4 293.0 27.5 84.1 55.0 12.1 57.3 243.9 148.3 9.6 27.8 13.7 78.8 4.0 975.9 51.4 89.1 553.7 16.3 4.0 4.7 22.0 37.9 103.1 401.9 6.4 88.6 52.4 55.2 64.2 25.8 5.3 514.6 27.3 28.6 18.4 997.0 28.5 390.4 145.9 32.0 1.4 43.9 20.8 9.1 27.1 12.0 472.4 426.0 7.271.2 18.6 216.0 38.0 – – 4.0 0.8 2.5 8.1 – 28.6 108.2 25.0 20.7 870.9 215.6 76.8 789.1 448.6 248.0 12.6 – 33.5 19.0 Dec 2008 17.8 477.6 73.3 44.6 101.1 11.0 79.0 43.0 1.5 8.9 127.9 94.6 248.491.3 23.4 103.3 414.5 91.1 18.1 75.2 – 2.5 88.0 10.4 4.0 1.4 173.2 32.0 – 5.6 13.3 3.7 3.9 1.3 94.7 457.3 181.0 46.7 25.3 39.8 1.5 – – 7.8 111.9 52.7 125.3 9.4 89.1 10.9 0.981.213.5 0.5 1.5 32.7 33.9 1.2 1.2 127.1 1.5 113.4 111.6 0.1 62.8 533.6 63.2 1.7 8.3 26.3 – – 4.6 148.7 111.2 522.2 88.2 449.9 21.2 3.1 56.010.4 53.7 1.4 1.9 30.6 819.3 17.8 103.1 – 4.3 170.0 66.843.5 – – 2.809.0 0.3 Jun 2011 6.7 305.3 141.1 – 1.152.0 2.2 7.8 3.4 8.3 25.7 457.9 59.2 10.9 29.0 5.5 3.3 19.5 27.7 474.4 75.8 10.5 497.8 62.0 2.1 0.8 174.529.4 8.2 6.6 12.5 2.2 – 35.3 48.9 92.5 479.5 117.4 366.2 72.0 143.2 77.039.1 69.2 516.6 48.1 All countries Australia Austria Belgium Brazil Canada China Czech Republic Denmark Finland France Germany Greece Hong Kong SAR India Ireland Italy Japan Malaysia Mexico Netherlands New Zealand Norway Poland Portugal Singapore South Africa South Korea Spain Sweden Switzerland Thailand Turkey United Kingdom United States 8.6 55.480.1 2.8 176.9 45.9 119.0 745.8 552.9 27.7 440.7 69.0 38.4 61.7 32.5 590.8 113.6 314.0 17.8 4.1 145.8 40.6 2.645.7 25.0 0.9 13.4 – – 6.9 2.0 6.3 63.4 368.3 105.4 1.6 10.6 1.2 118.5 18.8 17.3 881.4 1.489.4 84.373.0 – – 5.1 7.4 3.3 103.5 84.6 180.0 22.0 75.5 4.5 2.8 68.9 7.0 0.8 12.0 7.8 5.0 19.5 5.3 70.9 944.7 8.5 31.297.7 934.1 0.1 74.2 2.6 13.7 353.307.1 – 1.9 149.344.3 6.7 61.418.4 87.4 86.2 120.7 12.6 16.7 9.1 774.0 1.7 349.7 67.6 21.3 0.224.4 – 12.4 5.4 241.2 17.1 86.1 0.4 4.4 13.5 445.4 – 377.8 145.7 37.7 32.5 429.0 3.6 1.3 Corporate sector 733.103.3 50.6 25.5 – – 6.3 – – 311.7 1.1 1.2 435.5 100.1 37.4 490.4 458.1 605.1 27.6 0.4 503.1 – 29.5 3.0 44.3 92.3 836.2 444.9 45.7 30.3 27.490.2 18.0 – 19.7 – – 2.3 366.3 137.6 2.7 5.8 3.0 135.3 3.2 2.0 391.3 12.1 101.9 57.1 113.5 30.8 6.0 16.4 10.2 39.4 385.8 290.2 32.3 6.5 2.3 149.4 104.6 500.1 899.5 453.8 – 1.2 0.3 120.4 111.2 – 5.9 2.3 19.4 175.3 3.6 11.947.7 6.1 0.359.1 44.6 5.0 10.7 3.4 16.0 22.3 5.7 3.3 127.1 – 1.0 34.9 92.8 138.7 124.7 124.6 53.8 119.2 86.5 133.2 132.0 155.8 45.9 15.4 10.627.0 9.155.665.7 907.0 139.8 – 156.7 12.6 1.0 5.1 25.0 26.1 40.2 125.2 20.8 306.3 66.2 49.1 507.8 73.9 89.6 16.6 5.6 2.1 – 4.6 8.4 434.0 574.

2 50.6 8.6 6.2 31.1 90.1 1.3 0.8 1.7 12.4 39.3 56.8 5.2 0.2 2.0 19.8 – 2.8 1.6 23.5 0.0 111.4 3.3 – 2.0 6.1 18.6 138.7 0.2 2.3 12.9 387.0 6.3 0.0 8.1 0.5 0.5 121.2 1.2 0.6 27.9 23.7 0.3 147.0 0.9 301.6 2.124.9 2.5 614.7 11.1 65.2 5.7 0.3 – 28.0 4.1 2.1 Financial institutions Dec 2009 Dec 2010 Mar 2011 Jun 2011 3.2 35.7 9.2 7.4 2.2 1.5 0.7 51.4 0.2 532.1 281.6 – – 2.5 90.6 2.355.3 13.4 0.0 – 11.0 All countries Australia Austria Belgium Brazil Canada China Czech Republic Denmark Finland France Germany Greece Hong Kong SAR India Ireland Italy Japan Malaysia Mexico Netherlands New Zealand Norway Poland Portugal Singapore South Africa South Korea Spain Sweden Switzerland Thailand Turkey United Kingdom United States 220.0 31.4 – 2.6 1.7 15.5 5.9 7.7 33.4 66.8 87.1 47.3 532.5 3.0 3.7 1.3 – – 2.3 86.8 109.1 23.691.6 9.6 0.9 0.9 10.4 8.0 0.6 124.7 13.1 280.9 5.0 25.2 4.0 53.8 – – 12.7 9.5 0.2 4.7 13.0 458.8 299.9 0.0 3.2 10.5 41.6 7.3 1.6 22.3 40.9 3.2 14.2 0.2 23.5 4.2 1.5 0.7 18.000.3 1.8 790.3 17.6 109.3 3.0 244.4 – – 6.7 – 1.3 92.8 15.0 2.8 91.5 2.0 306.2 39.1 14.0 41.4 2.5 37.6 140.3 18.8 0.3 2.9 16.8 18.9 – 18.4 2.0 14.7 0.4 7.4 7.2 0.8 9.0 6.2 0.0 0.9 104.1 0.5 0.0 – 3.9 0.6 99.2 10.9 4.5 13.1 864.0 0.2 51.1 19.3 1.0 35.2 21.1 0.9 10.5 20.3 1.8 23.1 2.6 36.9 17.2 3.1 – 1.7 – – 6.1 0.5 1.4 0.1 58.9 462.8 0.9 0.8 22.3 10.4 9.8 9.9 9.2 43.7 154.1 2.8 461.118.1 3.0 21.9 239.0 – 2.2 278.6 26.2 1.1 0.5 11.2 3.9 7.0 2.5 – – 4.3 1.8 4.4 24.3 2.471.9 217.0 – – 38.0 23.035.5 51.8 3.133.0 397.3 25.5 0.4 – 4.9 2.3 4.4 0.3 – 1.2 14.1 12.4 – 1.3 6.1 106.3 228.7 6.7 6.3 124.4 2.7 0.0 0.4 0.5 2.1 2.4 163.3 1.3 166.0 2.5 3.0 0.2 – 13.2 0.8 4.2 1.0 26.3 2.1 36.7 409.4 4.9 8.0 106.4 10.4 Jun 2011 3.2 41.7 3.5 0.1 618.1 26.8 21.7 25.379.9 0.0 2.7 123.4 – – 12.3 1.6 4.6 378.4 15.1 1.4 1.3 33.7 9.4 0.4 – 1.6 1.9 2.5 0.7 4.9 4.3 74.6 1.8 9.7 2.0 – 3.1 49.8 104.6 8.8 2.0 50.1 – 1.4 8.2 119.3 0.0 60.0 0.3 0.2 71.6 6.3 15.3 34.2 157.1 0.0 260.4 316.0 3.9 59.1 0.7 15.5 1.4 0.4 26.6 41.1 10.4 242.4 Dec 2008 4.1 0.5 1.0 1.5 0.2 30.3 7.3 34.3 Corporate sector 315.3 2.8 3.7 44.5 2.0 1.9 0.1 7.5 134.2 3.1 – – 4.2 1.2 3.3 3.6 0.2 59.8 42.6 2.7 2.2 5.6 – 0.0 16.4 – 1.8 3.6 0.3 0.3 33.3 1.9 Governments BIS Quarterly Review.9 18.2 308.3 0.5 255.3 – 623.4 0.9 2.1 3.9 182.5 43.4 311.3 343.4 24.0 2.6 33.3 22.7 3.6 0.9 12.6 297.5 1.3 90.1 1.1 9.8 1.8 16.8 164.2 0.2 118.5 4.9 61.0 22.3 – 0.5 464.4 3.7 0.8 12.5 0.6 3.1 1.1 3.3 0.0 3.7 100.8 1.2 565.011.4 129.4 93.1 12.9 33.2 0.699.6 7.1 – 0.6 0.1 6.1 30.3 27.Table 17B: International debt securities With remaining maturity up to one year / Amounts outstanding by sector and residence of issuer In billions of US dollars Countries Dec 2008 Dec 2009 All countries Australia Austria Belgium Brazil Canada China Czech Republic Denmark Finland France Germany Greece Hong Kong SAR India Ireland Italy Japan Malaysia Mexico Netherlands New Zealand Norway Poland Portugal Singapore South Africa South Korea Spain Sweden Switzerland Thailand Turkey United Kingdom United States 3.2 0.2 0.4 1.3 85.5 0.9 2.1 0.1 272.5 0.3 4.4 1.0 916.7 8.1 30.3 1.7 111.7 0.6 14.7 33.1 6.1 241.9 2.0 0.4 – 590.6 17.8 28.4 37.6 2.5 4.6 0.9 3.5 10.2 3.5 7.9 5.2 – 1.1 8.8 2.0 0.0 1.7 0.9 – – – 5.3 6.6 5.4 2.1 108.7 2.4 135.2 3.3 11.6 3.4 4.4 67.4 39.8 22.1 110.1 112.4 3.6 7.9 2.3 2.0 260.8 62.3 340.7 1.9 4.8 116.4 79.2 2.5 5.2 1.9 0.8 0.5 106.2 1.7 5.4 18.018.8 13.2 4.8 5.5 0.9 0.8 4.4 2.2 0.5 9.113.6 3.5 2.9 0.5 1.8 92. December 2011 203.8 236.9 73.1 0.4 20.1 0.4 154.0 6.494.9 3.0 – – 4.8 9.6 848.9 2.371.1 All issuers Dec 2010 Mar 2011 4.2 30.3 0.0 251.6 5.7 38.3 0.5 51.8 1.2 1.1 662.8 2.5 21.6 203.0 0.952.0 5.4 90.1 3.8 0.3 33.0 16.1 9.2 1.4 105.9 0.4 2.9 2.9 7.0 0.3 0.1 197.1 17.3 49.2 1.9 75.4 0.5 10.7 30.5 – 27.9 1.0 16.6 0.8 1.2 588.3 – – – 7.1 108.6 7.1 18.3 – 20.4 – 527.1 255.1 29.8 1.1 2.3 27.4 29.7 3.0 0.0 15.6 8.8 101.8 5.5 7.0 0.5 1.4 15.0 345.6 311.6 – 19.8 39.8 1.1 1.1 556.9 12.8 3.1 3.1 0.6 1.4 2.1 3.6 2.2 5.2 8.9 7.4 26.1 0.3 0.4 0.1 316.4 46.8 16.8 107.5 – – 1.9 A 127 .1 24.5 11.7 3.1 8.8 – – 4.6 0.6 0.1 0.1 281.7 17.6 179.4 8.6 2.9 2.6 35.1 2.9 0.2 7.2 1.5 3.0 76.9 0.

7 0.1 8.3 – 8.9 – 0.7 – – – 2.3 – 1.5 0.1 1.4 0.4 0.0 2.1 94.2 – 0.0 Offshore centres Bahamas Bahrain Bermuda Cayman Islands Hong Kong SAR Panama Singapore Latin America & Caribbean Argentina Brazil Chile Mexico Peru A 128 BIS Quarterly Review.0 4.0 10.2 7.6 0.3 Developed countries Australia Austria Belgium Canada Cyprus Denmark Finland France Germany Greece Iceland Ireland Italy Japan Luxembourg Netherlands New Zealand Norway Portugal Spain Sweden Switzerland United Kingdom United States 306.0 76.2 2.8 1.6 1.2 – 6.2 1.1 0.6 50.8 37.1 85.1 0.4 0.2 0.0 12.0 – 0.9 0.1 36.6 – 0.3 1.4 – 0.6 0.2 0.3 1.7 3.4 6.4 0.4 3.6 2.9 0.0 3.7 0.3 – 2.1 12.5 19.9 – 0.8 0.2 16.6 – 0.1 – 3.0 3.2 0.9 65.7 2.6 – 0.1 – 0.4 0.0 31.0 0.4 – 1.6 0.1 24.6 0.1 0.9 0.9 – 0.2 97.2 3.0 1.7 2.6 1.8 8.5 0.5 15.5 – – 0.4 2.0 12.4 9.7 11.4 2.3 0.7 3.8 – 1.9 594.0 0.2 7.7 0.4 Developing countries 80.6 1.3 0.5 – – 0.9 11.3 4.1 0.7 – 8.7 0.4 2.0 Asia & Pacific China Chinese Taipei Georgia India Indonesia Kazakhstan Malaysia Pakistan Philippines South Korea Thailand 39.2 200.6 0.1 29.6 Europe Croatia Czech Republic Hungary Poland Romania Russia Turkey Ukraine 7.0 0.5 3.2 – 2.0 1.5 5.2 – 0.0 1.3 1.1 1. December 2011 .3 – 5.1 0.5 8.3 – 0.5 7.0 30.5 2.2 0.7 0.6 53.3 0.1 2.0 12.0 4.7 0.0 15.8 37.8 – 3.0 0.6 7.1 1.1 – 2.6 0.7 27.5 33.1 – 2.0 0.0 1.3 0.9 0.4 0.9 1.0 0.2 – 0.4 0.9 – 2.1 17.9 0.1 0.1 – 0.6 36.2 7.6 1.6 10.7 – 8.9 41.1 1.5 7.9 – – – – 6.7 – 0.1 – 7.0 157.3 0.5 – 7.9 4.5 0.6 9.9 35.1 0.1 0.7 6.0 0.2 0.1 – 0.2 – 0.0 2.1 2.8 1.4 1.4 – 0.6 – 0.6 104.2 0.1 3.2 0.8 0.9 – 0.5 0.8 – 2.1 8.5 30.0 5.5 4.8 0.4 77.0 – 0.5 3.3 127.4 10.2 0.6 1.2 1.8 0.2 0.2 0.2 18.3 0.5 0.2 2.6 – 2.2 1.2 12.1 2.1 0.4 – 5.3 0.2 – 0.1 1.9 0.2 25.2 – – – – 0.9 22.0 0.0 9.5 – 17.8 19.1 0.4 – 5.6 – 0.2 2.1 6.7 8.7 15.9 – 0.4 5.2 0.0 1.3 – 1.0 10.7 0.1 1.3 1.1 0.1 – 0.2 1.3 0.1 1.1 0.3 0.5 – 0.1 0.1 1.2 2.0 – 3.5 – 9.4 – 1.7 0.2 0.6 0.2 5.1 – – 0.9 – 9.1 0.1 0.8 3.1 0.0 0.8 – 0.0 119.7 9.2 – 0.1 0.3 0.7 0.1 0.4 7.6 – 0.3 0.1 2.1 2.8 0.0 15.3 – – – 1.7 0.9 – – 0.0 – 2.7 36.5 0.1 7.3 1.8 0.5 – 70.0 12.7 – – – – 1.7 1.1 8.0 – 1.9 1.7 0.1 – 0.9 – – 0.9 0.6 – 0.2 14.8 2.2 3.0 6.4 – – 0.5 0.7 – 3.4 1.0 28.2 5.9 1.3 1.2 – 8.5 0.0 0.1 0.7 0.5 – 10.8 – – 0.2 – 2.3 – 4.0 3.2 0.8 10.1 0.9 – 0.8 – 1.1 0.5 – – – – 0.8 – 2.1 2.1 0.7 0.1 0.2 – 2.1 – 2.6 110.3 0.9 0.2 0.9 – – 1.2 0.5 125.0 – 8.5 3.3 – 14.6 15.4 62.7 26.0 0.5 7.9 0.3 11.7 0.7 6.0 71.7 2.4 0.7 5.7 – 0.2 – 3.0 1.3 40.4 Africa & Middle East Egypt Israel Jordan Kuwait Nigeria Saudi Arabia South Africa United Arab Emirates 15.5 122.2 33.7 14.9 – 0.3 0.7 4.1 4.4 0.2 7.1 17.1 0.3 1.5 14.0 2.7 2.3 2.1 79.5 0.0 4.5 0.5 0.7 0.6 – – – 0.5 247.3 0.4 1.1 2.3 – 4.9 0.9 0.0 15.9 – 0.8 429.3 – 0.2 2.4 – 0.1 81.9 0.1 5.3 17.9 – 1.4 0.5 6.9 16.3 121.2 0.5 – – 1.1 1.0 0.0 24.0 58.9 – – – 0.5 8.0 6.2 0.4 0.7 6.7 0.8 1.5 – 2.1 1.2 7.4 215.2 33.3 0.5 – 0.0 0.1 5.6 – 12.4 83.4 11.1 102.2 4.8 – – – – 0.3 – 3.4 2.0 – 0.0 – 0.1 0.9 0.5 5.8 6.3 – 13.0 – 3.4 0.6 – 2.2 – 4.6 0.8 4.2 0.9 – 0.6 0.3 182.8 – – – 3.1 0.7 0.1 8.1 – – 2.0 0.8 0.1 0.3 0.2 0.0 0.4 – 20.4 98.4 2.3 288.8 4.4 4.6 182.7 2.1 3.2 2.6 13.0 1.8 – – – 0.8 – – – – 0.6 – 2.0 – 0.0 0.2 0.2 0.1 0.2 0.0 0.5 – 3.6 68.9 118.3 5.1 17.1 13.1 18.1 – 0.4 1.3 – 0.5 0.7 – 0.0 0.0 – – – 0.6 0.3 0.0 0.3 24.2 18.8 1.9 0.7 13.0 0.8 0.8 17.4 0.6 1.7 – 2.3 – 2.9 – 25.9 2.1 4.8 3.9 11.3 – 0.5 0.8 0.4 3.1 8.6 173.3 0.6 6.0 0.4 5.4 0.0 1.6 – 3.7 1.0 26.8 7.1 0.5 – 0.2 4.6 12.1 4.2 – – 2.6 10.2 0.9 0.0 0.0 10.7 137.1 6.8 2.1 3.3 0.8 1.3 3.8 41.0 – 0.3 12.2 4.2 0.7 20.3 3.7 – 0.1 1.9 – 2.9 – 8.1 – 0.4 0.2 – 0.6 0.3 0.5 16.3 0.2 2.8 – 0.9 1.1 7.6 72.8 707.4 1.8 20.8 0.4 0.1 0.7 0.3 6.7 – 3.3 1.8 0.Table 18: Announced international equity issues By nationality of issuer In billions of US dollars Countries 2008 2009 2010 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Q3 2011 All countries 392.1 252.8 0.8 – 0.2 0.2 734.2 1.0 1.5 0.9 – 0.8 – 5.8 0.3 – 0.0 246.2 4.0 – 1.1 – 0.5 33.2 – 0.2 7.4 – 0.9 – 0.2 10.6 – 5.2 27.0 – 0.3 0.2 13.2 1.2 0.8 – 1.2 200.0 0.0 5.5 66.2 – – – 0.2 – 4.0 – 7.3 2.2 0.6 – 1.3 5.9 0.0 – 0.3 9.6 8.5 43.0 0.3 2.4 0.

................ A134 By instrument and market . BIS Quarterly Review..................................................... A132 By instrument. page A131 20 A B C Amounts outstanding of OTC foreign exchange derivatives By instrument and counterparty ............................................................................................................. maturity and counterparty .......... A133 By instrument....... A133 By currency............................................................................................. A135 By instrument................................... A135 23 Derivative financial instruments traded on organised exchanges by instrument and location Notional principal ................................Derivatives markets 1 19 Amounts outstanding of over-the-counter (OTC) derivatives by risk category and instrument ............htm...........................................................................................................................................................................................................org/statistics/derstats.... A137 A B 1 More detailed data and a full set of historical time series are available on the BIS website under http://www.............. December 2011 A129 .............................................................................. A132 21 A B C Amounts outstanding of OTC single-currency interest rate derivatives By instrument and counterparty .......................................................................... A131 By currency.............................................. maturity and counterparty ....... maturity and counterparty ................... A136 Number of contracts............................................................................................................................................................bis.............................................. A134 22 A B C Amounts outstanding of OTC equity-linked and commodity derivatives By instrument and counterparty .....................................................................

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027 7.227 332 437.066 512 732 888 449 890 1.878 5.801 1.482 2.543 25.059 8.796 64.816 1.652 4.101 3.070 2.744 3.194 1.441 8.050 534 875 973 489 Outright forwards and foreign exchange swaps 23.789 1.587 364.092 11.528 4.732 49.875 451.543 2.813 225 654 176 532 189 518 167 480 176 532 Commodity contracts 3.717 2.305 1.274 2.414 3.500 7.951 1.779 349.153 57.336 Reporting dealers Other financial institutions Non-financial customers 18.075 9.553 603.345 Single-name instruments 24.685 601.153 10.330 6.619 2.285 1.841 879 708 706 648 708 Forwards and swaps Options 1.423 130 13.701 10.163 4.776 11.896 21.543 11.409 2.113 870 683 930 886 777 Reporting dealers Other financial institutions Non-financial customers 7..100 554 899 1.651 301 374 195 235 300 148 315 400 215 326 365 194 318 302 157 15.377 49.329 39.933 10.442 18.576 1.149 10.145 18.243 993 884 854 Multi-name instruments 11.360 19.900 582.693 30.542 24.376 9.020 17.295 55.518 48.404 402 568 241 332 478 233 388 561 252 390 586 258 387 576 264 10.201 1.732 49.201 413 886 1.298 21.181 53.551 883 397 2.781 744 468 2.434 1.906 1.360 11.336 23.971 of which index products Unallocated Memorandum Item: Gross Credit Exposure Table 20A: Amounts outstanding of OTC foreign exchange derivatives By instrument and counterparty In billions of US dollars Notional amounts outstanding Instrument / counterparty Gross market values Jun 2009 Dec 2009 Jun 2010 Dec 2010 Jun 2011 Jun 2009 Dec 2009 Jun 2010 Dec 2010 Jun 2011 48.698 2.569 25.235 1.318 4.260 5.043 344 930 1.414 80 12.675 846 417 2.228 449.934 1.584 5.555 9.479 423 2.270 38.615 56.521 1.513 51.296 19.903 48.081 51.115 7.288 48.242 347.324 2.358 389 344 413 362 332 4.678 4.544 2.749 2.619 190 125 75 166 111 68 186 139 88 182 98 81 170 95 67 Total contracts Currency swaps Reporting dealers Other financial institutions Non-financial customers Options Reporting dealers Other financial institutions Non-financial customers BIS Quarterly Review.729 1.043 1.944 2.029 4.846 883 43 638 48 497 45 413 47 479 50 421 Gold Other commodities Forwards and swaps Options Credit default swaps 36.398 1.864 1.197 682 545 458 526 471 425 3.818 4.282 2.129 16.666 4.211 1.482 2.105 1.113 22.262 13.319 Equity-linked contracts 6.767 11.956 25.529 5.358 870 1.170 28.470 2.476 9.624 28.544 2.072 16.533 14.840 19.480 2.501 206 13.653 4.092 31.852 2.753 21.478 14.675 892 1.473 62.924 23.775 4.497 4.508 48.828 3.244 46.112 7.105 23.831 465.521 3.949 8.932 14.470 2.433 31.153 57.525 1.351 1.261 29.902 5.204 26.071 1.808 56.320 8.070 2.260 553.715 1.973 1.812 341.227 6.753 14.917 18.139 1.291 63.046 707.698 2.922 3.433 19.816 2.751 7.476 12.746 13.170 10.581 3.401 60 11.181 53.842 441.635 6.509 16.228 11.683 10.098 32.494 18.575 1.370 11. 7.271 22..211 389 683 1.666 1. December 2011 A 131 .170 28.072 10.543 1.445 8.271 10.105 15.536 46.849 21.898 32.697 21.228 1.373 3.129 25.364 81 15.624 16.666 1.754 4.807 2.025 7.165 21.937 6.796 64.509 9.802 2.880 15.854 9.Table 19: Amounts outstanding of over-the-counter (OTC) derivatives By risk category and instrument In billions of US dollars Notional amounts outstanding Risk Category / Instrument Total contracts Foreign exchange contracts Forwards and forex swaps Currency swaps Options Interest rate contracts Forward rate agreements Interest rate swaps Options Gross market values Jun 2009 Dec 2009 Jun 2010 Dec 2010 Jun 2011 Jun 2009 Dec 2009 Jun 2010 Dec 2010 Jun 2011 594.506 1.636 10.235 362 777 1.023 558 673 466 490 – .950 1.018 6.555 23.

011 1.046 1.624 1.176 6.961 729 78 864 539 282 39 98 1.855 33.876 1.096 324 3.577 1.544 2.666 31.213 1.072 5.371 3.555 9.539 7.704 53.514 2.436 6.007 31.712 8.818 4.614 9.549 3.238 5.421 21.564 4.956 735 121 894 540 251 41 321 1.344 14. maturity and counterparty In billions of US dollars All counterparties Instrument / maturity Total contracts Maturity of one year or less Maturity between 1 and 5 yrs Maturity over 5 years Forwards and swaps Maturity of one year or less Maturity between 1 and 5 yrs Maturity over 5 years Options Maturity of one year or less Maturity between 1 and 5 yrs Maturity over 5 years A 132 Reporting Dealers Jun 2009 Dec 2009 Jun 2010 Dec 2010 Jun 2011 Jun 2009 Dec 2009 Jun 2010 Dec 2010 48.366 1.876 54.316 4.735 20.583 21.732 11.291 2.135 9.653 11.732 49.470 2.352 2.590 2.132 365 3.662 578 102 1.431 1.674 47.487 11.727 8.849 18.557 4.943 8.738 8.233 2.913 12.032 531 435 54 103 1.574 6.Table 20B: Amounts outstanding of OTC foreign exchange derivatives By currency In billions of US dollars Notional amounts outstanding Currency All currencies Canadian dollar Euro Japanese yen Pound sterling Swedish krona Swiss franc US dollar Other Gross market values Jun 2009 Dec 2009 Jun 2010 Dec 2010 Jun 2011 Jun 2009 Dec 2009 Jun 2010 Dec 2010 Jun 2011 48.770 9.144 2.987 10.139 7.623 7.904 5.735 12.368 1.508 43.619 8.093 25.913 4.996 1.556 3.775 30.373 5.290 9.068 7.584 1.476 18.142 33.808 696 Jun 2011 Table 20C: Amounts outstanding of OTC foreign exchange derivatives By instrument.972 13.589 4.698 18.629 95 1.177 1.157 1.739 4.921 13.365 1.637 2.859 45.065 24.153 57.092 11.153 1.637 10.528 4.072 40.698 2.035 20.496 15.816 2.181 53.681 1.464 5.490 48.509 2.195 12.421 4.228 12.558 7.896 19.412 12.280 384 2.141 657 286 45 202 2.515 1.170 30.684 2.543 11.694 8.236 20.741 17.693 2.172 6.336 1.732 49.101 4.070 2.824 6.213 48.956 26.543 2.667 2.796 64.358 4.061 12.868 3.111 14.114 11.847 2.111 6.264 9. December 2011 .273 41.037 618 101 887 688 254 50 294 1.159 10.020 11.309 3.170 10.947 39.788 3.858 20.106 40.163 6.796 64.386 17.158 324 2.373 7.133 15.778 37.482 2.983 47.181 53.341 15.341 574 3.397 17.924 21.442 2.255 3.153 57.929 1.299 349 BIS Quarterly Review.364 11.664 4.

905 219.668 57.257 4.233 22.391 25.880 159.260 553.129 314.725 32.746 13.287 9.286 553.688 35.831 59.478 14.017 141 6.392 3.934 3.068 916 14.352 22.615 92.487 1.072 779 11.108 3.361 834 13.228 23.979 449.244 3.068 35.533 4.119 21.130 33.863 32.114 151.713 154.288 87.726 23.064 6.270 347.262 24.216 51.020 3.183 22.012 970 64 144 5.108 8.452 32.368 39.856 15.228 148.255 800 1.508 79.347 389 102 7.217 19.917 708 130 43 83 4 80 32 43 6 81 32 44 5 206 60 143 3 60 28 31 2 Swaps Reporting dealers Other financial institutions Non-financial customers 341.842 35.295 56. December 2011 A 133 .508 3.669 4.759 9.745 402 BIS Quarterly Review.807 153.139 3.650 164.779 27.242 30.098 5.423 1.167 208.178 3.686 660 15.812 24.717 235.244 3.319 23.580 275.384 3.616 650 Forward rate agreements Reporting dealers Other financial institutions Non-financial customers 46.864 3.081 49.827 1.461 4.583 24.043 980 1.831 465.658 29.309 20.970 9.180 248.121 5.903 100.832 6.513 48.673 465.988 9.682 65.961 3.501 1.827 20.023 30.219 4.020 17.016 71 140 6.606 349.515 55.136 9.066 364.684 32.756 854 13.798 2.790 53.696 4.146 98 138 7.177 404 113 4.414 1.994 231.746 4.977 8.795 1.548 12.395 36.313 736 17.928 790 14.940 56.509 37.813 5.490 37.478 4.041 20.491 50.364 1.401 1.729 728 611 75 709 585 71 760 663 77 789 541 72 842 419 58 Table 21B: Amounts outstanding of OTC single-currency interest rate derivatives By currency In billions of US dollars Notional amounts outstanding Currency All currencies Canadian dollar Euro Japanese yen Pound sterling Swedish krona Swiss franc US dollar Other Gross market values Jun 2009 Dec 2009 Jun 2010 Dec 2010 Jun 2011 Jun 2009 Dec 2009 Jun 2010 Dec 2010 Jun 2011 437.880 15.061 4.097 38.229 8.152 250.951 3.756 11.656 354.174 19.173 170.166 590 Options Reporting dealers Other financial institutions Non-financial customers 48.483 293.591 5.808 48.875 138.260 134.411 161.513 441.073 843 1.875 451.022 1.831 132.418 13.397 22.007 1.373 19.038 99 128 5.247 177.533 14.234 712 12.607 451.855 34.414 911 55.158 21.128 282.648 51.117 118 121 6.031 37.Table 21A: Amounts outstanding of OTC single-currency interest rate derivatives By instrument and counterparty In billion of US dollars Instrument / counterparty Jun 2009 Notional amounts outstanding Dec 2009 Jun 2010 Dec 2010 Jun 2011 Jun 2009 Gross market values Dec 2009 Jun 2010 Dec 2010 Jun 2011 Total contracts Reporting dealers Other financial institutions Non-financial customers 437.573 451 90 5.227 160.377 83.228 449.473 453 102 6.427 175.576 3.587 26.294 4.

145 128.319 149.723 62.183 3.488 126.945 109.597 42.671 1.704 2.470 837 1.334 62.808 48.841 879 708 706 648 708 2.931 9.284 34.941 116.559 24.765 180.430 1.366 15.678 1.325 115.135 15.455 472 309 270 75 237 219 76 242 207 69 209 195 77 208 217 106 Total commodity contracts 3.478 8.875 451.381 388.144 692 2.556 196.521 113.217 31.906 4.513 16.715 401.118 139.067 403.650 5.852 2.754 1.101 2.951 8.750 415.827 23.652 1.152 138.558 800 367 400 112 270 324 115 280 315 111 237 291 120 240 319 149 1.508 20.944 2.409 40.886 29.813 654 532 518 480 532 Reporting dealers Other financial institutions Non-financial institutions 2.248 682 2.040 129.128 134.289 105.728 11.578 9.870 23.081 49.309 8.032 17.191 406 1.910 5.935 20.428 129.329 112.497 1.032 40.414 2.457 124. December 2011 .423 23.845 8.748 11.403 2.760 825 – – – – – – – – – – BIS Quarterly Review. maturity and counterparty In billions of US dollars Instrument / maturity Total contracts Maturity of one year or less Maturity between 1 and 5 years Maturity over 5 years Forwards and swaps Maturity of one year or less Maturity between 1 and 5 years Maturity over 5 years Options Maturity of one year or less Maturity between 1 and 5 years Maturity over 5 years Jun 2009 All counterparties Dec 2009 Jun 2010 Dec 2010 Jun 2011 Jun 2009 Reporting Dealers Dec 2009 Jun 2010 Dec 2010 Jun 2011 437.872 41.041 32.183 25.651 12.635 6.571 13.880 148.260 5.513 48.599 815 1.286 22.484 9.130 11.137 32.307 2.295 56.029 225 176 189 167 176 445 950 283 413 953 287 479 932 343 524 995 309 598 1.058 34.336 5.627 7.831 465.346 109.580 132.641 118.506 3.881 733 2.964 497.632 111.959 58.295 36.556 177.285 4.129 43.442 127.886 424 1.Table 21C: Amounts outstanding of OTC single-currency interest rate derivatives By instrument.449 137.359 442 1.449 126.347 150.424 56.233 22.007 134.113 32.209 60.298 399 1.896 7.228 449.634 168.791 21.645 63.755 15.873 55.828 2.656 159.635 43.995 57.905 183.937 6.312 135.197 682 545 458 526 471 425 423 417 397 468 43 48 45 47 50 179 246 201 222 224 193 230 167 283 185 – – – – – – – – – – Other precious metals 93 107 127 123 144 24 15 29 18 19 Forwards and swaps Options 44 49 76 31 81 46 90 32 86 58 – – – – – – – – – – Gold Forwards and swaps Options Other commodities Forwards and swaps Options A 134 3.599 9.937 231.693 246.260 553.483 3.669 68.101 3.729 177.099 16.103 328 58 130 37 33 105 38 38 108 42 28 96 43 32 102 42 4.291 785 2.922 3.303 188.584 5.654 3.980 54.011 Jun 2011 Table 22A: Amounts outstanding of OTC equity-linked and commodity derivatives By instrument and counterparty In billions of US dollars Notional amounts outstanding Instrument / counterparty Total equity contracts Reporting dealers Other financial institutions Non-financial institutions Forwards and swaps Reporting dealers Other financial institutions Non-financial institutions Options Gross market values Jun 2009 Dec 2009 Jun 2010 Dec 2010 Jun 2011 Jun 2009 Dec 2009 Jun 2010 Dec 2010 6.764 4.020 2.619 2.209 2.086 121.043 61.567 25.639 23.483 159.199 20.885 2.169 153.370 48.688 2.905 114.691 712 1.807 4.585 614 482 384 461 402 1.117 32.272 31.

654 2.260 5.999 671 1.171 2.009 628 190 1.083 1.678 1.732 3.828 2.029 225 176 189 167 176 520 915 69 34 34 107 528 877 63 29 20 136 571 899 84 29 17 154 544 941 79 52 20 192 551 1.807 4.183 2.906 4.161 2.497 1.241 235 949 900 252 1.016 101 62 42 257 55 130 12 6 5 18 46 105 8 4 3 11 63 99 9 3 3 12 51 91 7 4 2 13 48 92 7 5 4 20 4.688 1.678 1.398 611 284 35 296 147 348 81 50 3 25 146 268 72 23 2 21 132 253 82 22 3 26 140 220 71 20 3 27 155 249 72 18 3 34 Table 22C: Amounts outstanding of OTC equity-linked derivatives By instrument.285 4.260 5.022 1.414 712 346 77 554 202 478 93 56 8 43 192 373 80 27 5 32 195 352 91 25 6 38 191 311 77 24 5 39 202 342 79 24 7 55 1.704 1.178 1.813 2.188 2.285 4.838 2.506 3.937 6.635 6.729 437 1.328 518 230 88 181 1.652 1.512 3.982 1.754 1.982 2.950 473 1.883 627 173 125 264 1.873 777 2.935 2.189 218 1.101 2.506 3.Table 22B: Amounts outstanding of OTC equity-linked derivatives By instrument and market In billions of US dollars Instrument / market Jun 2009 Total contracts US equities European equities Japanese equities Other Asian equities Latin American equities Other equities Forwards and swaps US equities European equities Japanese equities Other Asian equities Latin American equities Other equities Options US equities European equities Japanese equities Other Asian equities Latin American equities Other equities Notional amounts outstanding Dec 2009 Jun 2010 Dec 2010 Jun 2011 Jun 2009 Gross market values Dec 2009 Jun 2010 Dec 2010 Jun 2011 6.483 2. maturity and counterparty In billions of US dollars All counterparties Instrument / maturity Reporting Dealers Jun 2009 Dec 2009 Jun 2010 Dec 2010 Jun 2011 Jun 2009 Dec 2009 Jun 2010 Dec 2010 Jun 2011 6.167 494 180 38 309 1.347 484 957 1.937 6.885 2.551 673 2.793 595 252 58 372 1.754 1.852 516 200 37 180 1.260 552 1.094 2.584 5.188 653 188 220 171 53 201 157 55 266 159 54 276 195 52 352 197 49 Total contracts Maturity of one year or less Maturity between 1 and 5 yrs Maturity over 5 years Forwards and swaps Maturity of one year or less Maturity between 1 and 5 yrs Maturity over 5 years Options Maturity of one year or less Maturity between 1 and 5 yrs Maturity over 5 years BIS Quarterly Review.209 1.227 602 258 105 336 1.841 879 708 706 648 708 1.290 431 151 19 173 1.565 2.033 900 250 861 912 247 1.221 2.358 628 3.968 559 139 90 158 1.409 691 3.739 3.036 2.813 654 532 518 480 532 992 2.906 4.805 499 2.807 4.069 182 748 743 197 767 741 196 584 717 195 725 992 169 A 135 .584 5.640 1.076 1.020 2.749 3.635 6. December 2011 4.652 1.650 2.828 2.841 2.029 445 413 479 524 598 841 613 224 856 604 192 953 601 200 1.

966.344.7 21.3 233.6 65.353.5 8.7 533.464.065.7 8.053.8 5.282.3 52.6 403.5 209.9 372.9 187.628.601.4 – 0.9 22.9 19.4 28.3 429.9 157.2 Equity index 148.0 435.053.600.0 310.343.939.8 7.779.7 712.2 45.4 934.6 23.3 7.775.4 17.042.2 524.025.333.2 371.4 12.313.750.162.7 3.1 691.0 49.612.428. December 2011 .247.946.1 15.6 9.780.207.2 2.5 8.241.7 35.8 77.9 10.9 11.229.720.6 258.3 222.373.4 6.443.4 9.546.0 468.760.9 251.218.9 5.2 68.7 12.933.003.381.8 0.6 52.390.154.2 0.615.2 183.1 1.180.890.027.8 9.741.4 1.210.7 44.4 Currency 81.8 2.3 73.972.335.5 1.6 25.771.950.351.523.3 Interest rate Equity index Currency 483.6 498.2 51.7 6.0 1.738.7 17.6 21.7 741.016.285.1 9.2 2.1 1.556.8 135.353.485.3 4.7 807.6 1.7 20.2 Interest rate 2.8 3.360.015.361.942.590.9 20.5 862.7 24.9 24.4 633.512.5 186.4 34.5 219.853.468.211.8 18.077.4 657.816.2 6.698.4 1.855.0 39.999.1 22.4 42.0 17.316.5 1.6 599.318.4 10.836.3 3.3 404.7 51.3 397.874.4 521.403.6 1.991.508.4 543.093.3 452.4 1.3 65.6 Equity index 303.543.661.9 420.1 557.035.4 5.0 345.6 Currency 41.812.5 240.4 82.7 153.0 7.731.500.0 24.013.6 428.0 54.284.2 26.297.715.839.4 29.218.5 170.899.3 105.9 Currency 144.8 1.4 20.5 26.405.933.2 28.3 152.1 North America 10.605.9 Equity index 30.3 411.6 19.8 2.187.5 216.6 182.0 97.585.2 7.803.3 24.0 307.9 90.7 64.4 62.2 6.5 512.8 675.273.6 1.3 3.3 52.875.4 199.808.417.0 30.6 17.031.8 533.3 100.0 30.8 658.345.2 92.905.0 63.507.485.1 13.145.0 8.989.294.368.4 28.389.799.608.6 54.2 Asia and Pacific 2.3 102.554.808.7 40.3 204.870.7 5.907.7 1.537.008.5 696.574.5 25.252.5 147.1 526.7 415.634.322.6 2.7 Options All markets Interest rate Currency Interest rate Currency Equity index Europe Interest rate Currency 26.9 18.2 1.8 128.080.9 428.5 16.911.280.6 8.1 691.4 458.197.2 187.3 0.5 123.306.3 7.379.767.4 2.2 1.1 449.9 65.4 383.411.467.6 36.8 404.9 233.692.8 30.3 1.4 427.1 114.9 964.771.2 415.650.9 43.5 2.8 14.781.320.537.7 71.130.550.7 65.7 9.1 1.3 170.3 72.3 Other Markets 871.0 1.5 11.3 61.0 24.4 80.453.3 587.272.9 45.236.5 26.636.2 0.6 6.6 229.7 9.1 5.250.640.2 25.3 2.8 78.2 30.7 Equity index Asia and Pacific Interest rate Currency A 136 BIS Quarterly Review.5 225.257.7 1.4 1.693.6 134.697.193.6 3.8 1.0 95.936.4 26.2 143.438.2 4.7 22.817.048.9 122.3 44.822.0 46.109.043.6 6.1 74.969.7 198.634.3 8.523.7 – 6.449.872.8 255.5 Equity index 91.181.4 7.0 79.278.535.1 2.007.979.560.0 136.606.3 Other Markets 555.5 7.0 18.030.3 103.004.3 260.9 79.4 23.259.961.385.4 35.296.206.025.0 11.973.543.560.832.868.546.2 205.6 North America 23.5 145.3 34.538.519.1 184.779.764.380.2 1.0 1.128.649.9 7.7 140.5 4.460.4 374.8 1.4 367.7 9.993.3 0.7 5.3 48.6 49.4 39.907.105.4 1.312.9 61.6 45.5 24.010.4 604.046.982.4 141.2 21.3 38.3 27.2 10.5 27.436.504.651.9 2.9 123.482.5 3.173.930.9 343.2 2.8 108.6 119.8 3.2 1.349.3 379.054.3 760.9 11.9 162.6 Interest rate 698.0 729.6 6.9 7.9 53.863.3 29.7 14.547.8 19.9 1.0 9.9 2.2 1.4 552.0 0.177.980.4 194.7 1.4 7.2 12.594.205.9 960.7 434.1 43.8 28.951.8 25.670.930.797.6 1.926.5 22.408.7 114.827.2 78.0 9.751.3 144.4 1.Table 23A: Derivative financial instruments traded on organised exchanges By instrument and location Notional principal in billions of US dollars Instrument / location Dec 2009 Amounts outstanding Dec 2010 Jun 2011 Sep 2011 2009 2010 Turnover Q4 2010 Q1 2011 Q2 2011 Q3 2011 Futures All markets Interest rate 21.2 387.8 2.445.885.1 23.9 27.8 85.174.3 5.926.558.0 69.3 Equity index 966.986.600.7 188.0 42.5 60.9 924.2 5.168.1 15.2 28.520.105.3 26.402.6 2.9 415.453.3 29.784.1 442.978.294.9 166.0 2.2 7.7 1.125.0 Equity index 4.571.8 2.315.934.974.979.078.499.7 2.206.3 5.016.197.381.3 119.2 3.982.981.2 392.9 Interest rate Currency Equity index Europe Interest rate Currency 8.111.4 261.2 9.9 606.4 1.3 9.3 16.126.6 2.195.627.5 20.5 30.6 381.092.9 2.268.5 2.309.0 31.514.070.690.483.235.814.1 152.4 10.393.200.4 2.598.3 49.2 55.050.6 8.095.2 680.825.1 5.7 2.5 4.860.342.377.7 2.757.0 47.641.

0 754.4 0.7 4.0 16.7 224.7 93.4 18.7 92.1 59.1 18.7 Other Markets 16.9 1.6 Asia and Pacific 9.6 6.6 63.2 143.9 346.396.1 103.0 215.2 Interest rate Currency Equity index 12.8 8.3 36.6 172.0 2.6 1.5 160.449.008.7 43.675.410.6 17.9 1.9 62.4 438.4 24.2 4.9 0.3 84.7 2.1 1.8 0.3 1.7 37.0 162.513.0 2.2 303.8 48.1 0.0 188.7 43.5 508.6 19.9 6.3 256.9 151.6 2.5 474.0 913.0 831.6 914.175.0 32.4 1.3 1.9 4.5 592.3 47.6 4.9 377. December 2011 A 137 .8 484.0 1.7 2.5 760.935.7 3.5 6.1 558.5 0.4 176.8 0.3 137.0 2.3 1.7 361.0 2.0 75.0 64.6 43.2 Memorandum items: Commodity contracts US markets Other markets Options All markets Europe 73.4 237.1 73.6 216.0 754.4 2.700.7 1.107.3 1.4 4.0 152.3 1.7 72.3 117.0 7.9 74.7 504.3 297.9 1.7 1.6 3.6 2.5 9.0 56.246.3 86.347.7 818.4 Interest rate Currency Equity index 19.4 30.353.3 Interest rate Currency Equity index 0.0 1.9 1.0 362.7 407.4 55.0 0.3 60.7 28.177.9 1.7 78.3 6.611.5 683.7 139.9 198.1 1.4 29.6 87.724.4 119.1 663.9 159.5 63.3 1.1 27.641.1 62.0 36.7 570.4 592.0 258.2 5.4 272.231.8 57.0 1.2 15.2 37.0 4.770.5 2.5 700.9 17.6 153.3 149.7 4.3 175.1 16.4 770.8 1.1 4.6 172.1 52.8 7.2 28.5 Other Markets 12.607.2 8.9 154.3 3.571.8 2.2 2.2 317.5 74.2 35.816.2 178.7 5.5 24.4 Interest rate Currency Equity index 51.7 23.284.090.0 19.6 62.3 1.5 260.Table 23B: Derivative financial instruments traded on organised exchanges By instrument and location Number of contracts in millions Instrument / location Dec 2009 Contracts outstanding Dec 2010 Jun 2011 Sep 2011 2009 2010 Turnover Q4 2010 Q1 2011 Q2 2011 Q3 2011 Futures All markets 94.303.2 18.8 3.0 30.4 423.1 358.827.9 0.4 24.9 234.5 Interest rate Currency Equity index 20.2 74.2 6.2 92.9 2.5 75.1 22.3 7.1 45.359.6 164.0 8.5 1.0 212.5 1.8 527.3 2.2 563.5 42.4 1.5 4.9 5.2 759.6 4.4 31.0 96.258.3 92.8 49.6 114.5 25.1 286.0 1.0 370.0 0.2 10.5 22.5 5.0 2.5 82.8 22.0 1.2 106.0 609.3 1.6 82.284.4 0.624.8 41.2 451.1 1.1 15.1 45.0 38.7 108.9 1.8 1.7 528.674.8 181.7 0.1 471.9 1.4 3.4 19.3 19.5 110.8 2.2 80.0 346.2 556.2 2.6 0.4 Interest rate Currency Equity index 8.0 416.4 28.6 931.994.8 637.1 40.0 2.9 74.4 5.9 93.7 1.7 1.7 2.2 639.1 20.4 709.1 5.1 6.5 15.6 19.531.721.3 269.4 177.226.0 84.5 – 3.5 1.2 1.7 8.832.4 15.4 1.0 0.9 179.8 112.6 69.6 309.3 14.1 682.6 7.7 9.1 164.5 20.2 100.8 143.1 503.1 1.4 Interest rate Currency Equity index 63.369.1 39.3 5.011.0 1.4 20.8 16.8 40.2 2.8 Memorandum items: Commodity contracts US markets Other markets Single equity contracts US markets Other markets BIS Quarterly Review.3 241.6 2.4 6.6 170.3 125.1 18.4 38.0 3.2 46.6 92.7 6.295.5 329.5 18.4 67.6 282.1 2.6 North America 56.472.4 5.3 6.211.4 21.0 0.2 98.8 58.4 1.4 653.8 748.8 2.0 64.8 422.6 33.1 398.4 38.7 22.8 125.1 365.1 1.1 26.3 105.9 1.2 158.5 139.160.9 610.7 22.9 13.2 193.539.6 21.7 40.5 Interest rate Currency Equity index 2.8 North America 38.9 42.365.5 49.0 81.1 247.2 69.6 168.6 3.3 5.546.2 60.7 46.758.215.8 132.7 112.1 2.5 269.227.4 256.0 – 9.438.8 2.4 0.812.1 588.3 1.8 22.6 2.260.7 421.3 387.3 29.9 24.4 2.2 913.7 10.9 425.8 Asia and Pacific 6.8 750.1 351.4 3.8 58.9 1.3 122.2 1.5 165.0 38.2 1.8 11.2 9.6 1.2 600.5 5.673.4 252.6 258.0 6.1 152.234.6 24.7 1.7 611.102.0 1.0 561.7 20.3 19.9 2.4 1.488.8 1.7 28.8 44.9 1.0 5.8 29.2 1.2 22.5 68.5 Interest rate Currency Equity index 42.8 62.8 6.198.5 30.2 3.4 243.3 0.2 8.4 10.6 0.3 574.199.5 21.9 2.0 610.3 18.8 82.1 23.8 1.9 49.8 190.0 1.1 12.9 490.5 613.5 1.8 36.8 133.9 525.3 161.2 720.6 462.2 2.4 Europe 19.8 135.7 180.908.7 7.5 4.2 749.5 42.9 43.3 11.5 151.1 50.1 24.825.7 11.9 10.0 Interest rate Currency Equity index 10.3 27.1 9.8 1.6 1.5 137.7 223.5 32.4 1.0 627.9 461.8 64.7 16.1 160.6 55.6 84.

Hong Kong SAR. Portugal. Such offices report exclusively on their own unconsolidated business. The reporting countries comprise the G10 countries plus Australia.bis. Flow or turnover data have been calculated by converting flows and turnover in original currencies into US dollar amounts using period average exchange rates. “Other exposures” covering derivatives (on. In the case of banks in Canada. while those in foreign currency (item B) only relate to reporting countries that provide a detailed currency breakdown. Figures for Latin America include the Caribbean area. which do not provide this information separately. except the Netherlands Antilles. Korea. Chile. see Table 9). Hong Kong SAR. In addition. with positions between offices of the same bank being netted out. Tables 9 The BIS consolidated international banking statistics are based mainly on the country of incorporation of the reporting institutions and measure the international lending activities of banks’ head offices in the reporting countries and all their offices at home and abroad. Finland.The “Other” item for developed European countries comprises the Faeroe Islands. Jersey. These data are based on the residence of the reporting institution and therefore measure the activities of all banking offices residing in each reporting country. Spain and Turkey. Greece. For Hong Kong SAR and Singapore. such positions are given for Canadian banks only. the Bahamas. Brazil. Furthermore. Bermuda. the Netherlands Antilles (till Q3 2010). Bahrain. are available on the BIS website under http://www. Finland. Isle of Man. Chile. which have been merged together due to only partial reporting by reporting central banks. Tables 5 B Claims on non-banks include the positions of banks in the United States and their offshore branches vis-à-vis official monetary authorities. For Hong Kong SAR and Singapore. Brazil. The only exceptions are Bahrain and the Netherlands Antilles. Curacao.or off-balance sheet) and two contingent exposures. For reasons of confidentiality. Malaysia. The data in Tables 9 A–B cover BIS reporting banks’ worldwide consolidated contractual claims that are not adjusted for risk mitigants. Consolidated international and foreign claims (Tables 9A-E) do not include any on-balance sheet derivatives exposures. India. Portugal. Greece. Chinese Taipei. Data on changes in stocks have been calculated by converting the relevant stocks into their original currencies using end-of-period exchange rates and subsequently converting the changes in stocks into US dollar amounts using period average rates. The foreign currency positions of countries (Hong Kong SAR. table 9A shows A138 BIS Quarterly Review. Austria. except those in the United States. Table 5 C Excludes. Denmark. Spain and Turkey. Netherlands Antilles and Singapore) that do not supply sufficient currency detail are shown in the item “unallocated” (item C). South Africa. the positions of banks in the United States and their offshore branches. Tables 1–8 The data in Tables 1–8 (the BIS international locational banking statistics) cover banks’ unconsolidated gross international on-balance sheet assets and liabilities. Norway. positions vis-à-vis certain countries may be included under the residual or unallocated items. In the case of reporting country Singapore.Notes to tables Data for the most recent period are provisional. Mexico. such as guarantees and collateral. including time series data in CSV files. Luxembourg. Austria. Mexico. Tables 7 A–B See notes to Tables 3 A–B. guidelines and information on breaks in series in the locational banking statistics. Luxembourg. Table 6 A Positions vis-à-vis Switzerland and vis-à-vis Germany include those vis-à-vis the BIS and ECB respectively. Tables 8 A–B The data in principle cover reporting banks’ cross-border positions in all currencies plus local positions in foreign currency. Tables 5 The positions in domestic currency (item A) cover all reporting countries. Macao SAR. the breakdowns of international loans and deposits by vis-à-vis country have been partly estimated. Claims on official monetary authorities of banks in the United States and their offshore branches are included under positions vis-à-vis non-banks. Guernsey. Detailed tables. local positions include interbank business only (“Local” refers to positions vis-à-vis residents). India. Table 5 D The data cover all reporting banks.org/statistics/bankstats. Ireland.htm. Norway. Macao SAR. BIS reporting banks include banks residing in the G10 countries. which thus includes international transactions with any of their own affiliates (for data on the BIS consolidated banking statistics. Cyprus. Singapore. which are indistinguishably included under positions vis-à-vis non-banks. Singapore. local positions relate to interbank business only. Australia. the Cayman Islands. Panama. Positions vis-à-vis “related offices” cover cross-border positions only. December 2011 . shown in Table 9C are not part of foreign claims. The residual item for Africa & Middle East includes the positions of banks in the United States vis-à-vis regional OPEC countries (including Bahrain). credit commitments and guarantees extended”. foreign banks in reporting countries are requested to supply information about their international lending activities on an unconsolidated basis. Ireland. on the assets side. Tables 3 A–B The data on external loans and deposits are derived from reporting as such or calculated by subtracting separately reported data on positions other than loans and deposits from total external assets and liabilities. Greenland and San Marino. Singapore and South Korea. In addition. Denmark. Their data on international loans and deposits therefore equal the data on external assets and liabilities shown in Tables 2 A–B. Chinese Taipei. Table 1 Local positions in foreign currency are available from all reporting banks except those in the United States. Panama.

Luxembourg. Switzerland. Luxembourg. Greece. the Netherlands. Greenland and San Marino. Spain. Table 9 A Item “Other” for developed European countries comprises the Faeroe Islands. Norway. Table 9 C As of current quarter.in column Q. this definition is not yet consistently applied by all countries. Germany. However. as shown below. Denmark. Denmark reports its data on an unconsolidated basis. Foreign claims include in addition. European banks refer to domestically owned banks of European countries that report claims on an immediate borrower basis (i. In some cases the data exclude guarantees. the country of the ultimate counterparty (or of ultimate risk) is considered to be the country where the guarantor of a financial claim resides or where the head office of a legally dependent branch is located. Column Q on net risk transfers refers to the amounts outstanding of contractual claims which have been reallocated from the country of the immediate counterparty to that of the ultimate borrower as provided by 26 of 30 reporting countries. bold italics indicate claims published within the consolidated banking statistics.htm. Finland. Ireland. International claims are defined as BIS reporting banks’ cross-border claims in all currencies plus the local claims of their foreign affiliates in foreign currency. France. Table 9 B This table provides the data on consolidated foreign claims vis-à-vis individual countries by nationality of banks in 30 BIS reporting countries. The grand total in the first column of the table also includes foreign claims of domestically owned banks in Finland. Austria. This table provides (as of current quarter) a breakdown of consolidated foreign claims vis-à-vis individual countries on an ultimate risk basis by nationality of reporting banks (in 24 reporting countries). Types of claims A B C D Cross-border claims Local claims of foreign affiliates in foreign currency Local claims of foreign affiliates in local currency Domestic claims in the reporting country International claims (A + B) Foreign claims (A + B + C) The shaded area indicates claims excluded from the consolidated banking statistics. India. Chinese Taipei. Respective data can be calculated by difference. In principle. Hong Kong SAR. Data on additional contingent exposures through derivatives (positive market value only). as well as those of local subsidiaries and branches of foreign banks. India. Belgium. the Netherlands. France. Sweden. This table covers the data on consolidated foreign claims of banks in 30 BIS reporting countries vis-à-vis individual countries. while published national sources may in certain cases cover the unconsolidated claims of local subsidiaries and branches of foreign banks as well. as net risk transfers. Italy. Ireland. Norway and Singapore. A breakdown of international claims by maturity and sector is also provided. Spain. Greece. which are not shown separately in this table. Canada. Turkey. The column J “Banks with head offices outside the country of residence” and column K “undisbursed credit commitments and backup facilities” have been discontinued upon introduction of claims on ultimate risk basis since Q4 2004.bis. aggregates on the reallocation of claims from the country of the immediate counterparty to that of the ultimate risk (ie a third-party guarantor or the head office of a legally dependent branch). Switzerland. this table provides a sectoral breakdown of consolidated foreign claims of banks in 24 BIS reporting countries vis-à-vis individual countries on an ultimate risk basis. Chile. The grand total in the first column of the table comprises foreign claims of domestically owned banks in Austria. Columns E and I which related to “unallocated” maturities and sectors have been removed from the table. Turkey and the United Kingdom). Germany. Finland. Portugal. Australia. The grand total in the first column of the table also includes foreign claims of domestically owned banks in Chinese Table 9 D BIS Quarterly Review. December 2011 A139 . The data on individual nationality groups of reporting banks may differ from data published in national sources because the data presented relate to consolidated claims of domestically owned banks only. Singapore. Austria and Portugal report on a partially consolidated basis. while 9 B -E covers foreign claims only. Japan. Portugal. while in others they also include claims on legally independent subsidiaries. Italy. The difference between total and sector components represents unallocated amounts (I) and the difference between total and cross-border claims represents local claims of foreign affiliates in all currencies(U). Sweden. guarantees extended and credit commitments are also shown. The data in Tables 9 A cover both foreign and international claims. Norway.org/statistics/consstats. the United Kingdom and the United States. Belgium. reporting banks’ foreign affiliates local claims in local currency. without any explicit guarantee being given. Detailed information on breaks in series in the consolidated banking statistics are available on the BIS website under http://www.e.

the Netherlands. The Chilean domestic debt securities data for financial institutions include “bonos y letras hipotecarias en circulación”.Table 9 E Table 10 Tables 11–18 Tables 19–22 Table 19 A140 Taipei. As of current reporting quarter. “Repackaged securities” which are exclusively domestically targeted are allocated to the domestic debt securities database. Data for US short-term notes include CDs plus other time deposits. For recent changes in the coverage of domestic debt securities data see http://www. interest rate swap facilities. French data on short-term notes also include foreign issues. Norway. resulting from the April 2005 exchange offer. For a few countries. Belgium. Austria. Norway. while no stocks data on bonds are available. Italy. France.csv. The Brazilian private sector and the Indian corporate sector issues only cover short-term paper. 16 A. 16 B and 17 B present data based on the sector of the borrower itself and not on the sector of the parent company of the borrower or any guarantor. Portugal. item “unallocated” covers estimated positions of non-regular reporters based on the most recent Triennial Central Bank Survey 2007. 13 A. Non-marketable securities issued by Brazil. except claims on the Greek public sector. In Tables 13 A. BIS. 16 B. except claims on the Greek public sector. 1735/04”. the domestic statistics cover 53 OECD and emerging market countries. India. and there may therefore be some overlaps. 14 A and 15 A the data cover commercial paper and notes with an original maturity of up to one year. the UK. data on domestic commercial paper (CP) include foreign issues in Dutch guilders. 17 A and in the memorandum items of Tables 13 A and 13 B.e. The data for India relate to end-September 2010. which are on an ultimate risk basis. there are no restrictions on the purposes to which the proceeds of the facilities might be directed and the data therefore also include refinancing facilities. Peru and Venezuela include local issues in foreign currency. “Financial institutions” comprise commercial banks and other financial institutions. Data on other potential exposures through derivatives (positive market value only). The domestic data for Argentina. The figures for Indonesia also include government issues for restructuring purposes. In the sectoral breakdown. Turkey and the United Kingdom). Belgium. Egypt. The US data on domestic CP include foreign issues. The Colombian domestic data include only the public non-financial sector. Facilities taking the form of amendments or derivative-like instruments such as currency swap facilities. and the US are excluded from the domestic debt securities data. Finally. Sources: Dealogic Loan Analytics. For previous periods. “governments” comprise central governments. For the Netherlands. Turkey.htm. “Gross credit exposure” includes gross market values after taking into account legally enforceable bilateral netting agreements. The data cover announcements of international syndicated credit facilities that are granted by syndicates consisting of at least two financial institutions (thus excluding bilateral deals) acting as lenders. Norway and Singapore. as these are not foreign exposures. no or only partial data are available on long-term domestic debt securities which are due for final repayment within one year. Figures for Bulgaria. Bulgaria and Malaysia relate to end-March 2011. German banks’ foreign claims vis-à-vis developed countries are on an immediate borrower basis. commercial paper and medium-term notes issued by the private sector are missing. The partly estimated data for the corporate sector of Singapore relate to issues in Singapore dollar only. Furthermore. 12 D. Switzerland. Exposures of banking groups vis-à-vis the home country are not included. Spain. Pakistan. which is generally used as a reference to calculate cash flows under individual contracts. Canada. were excluded. other governments and central banks. Issues of CDs by the Netherlands Bank are included under private short-term notes. Finland. Portugal. Poland and Russia relate only to central government outstanding domestic debt securities. The notional amount. Furthermore. for example the new global issues of Argentina. this table provides a sectoral breakdown of consolidated foreign claims vis-àvis individual countries by nationality of reporting banks on an ultimate risk basis. Czech Republic. Figures are adjusted for double-counting and cover foreign exchange. Croatia. The methodology used to compile the securities statistics and a description of the coverage can be found on pages 13 to 17 of the Guide to the international financial statistics at http://www. Sweden. etc. the Netherlands. It also measures the replacement cost of all outstanding contracts had they been settled in the reporting period. Gross issuance excludes issues redeemed in the same quarter. Greece. Indian public sector domestic securities exclude those of government-guaranteed bodies. Germany. This item excludes CDS for all countries except for the US. Belgium. the source for data on domestic medium-term notes (MTNs) is different from that for data on domestic bonds.bis. the nationality of at least one of the syndicate banks must differ from that of the borrower. Finland. commodity and credit derivatives (CDS).bis. Sweden. The grand total in the first column of the table comprises consolidated exposures of domestically owned banks in Austria. which are on an ultimate risk basis. Ireland. Finland. such as the Argentine “bonos de la reestructuracion – DTO.bis. Singapore. Greece. while the data for Belgium. equity. Chile. the United Kingdom and the United States. European banks refer to domestically owned banks of European countries that report claims on an ultimate risk basis (i. interest rate (single currency contracts only). The complete list of countries can be seen at http://www. Switzerland.org/statistics/qcsv/anx16a. Gross market value is defined as the sum (in absolute terms) of the positive market value of all reporters’ contracts and the negative market value of their contracts with non-reporting counterparties. Japan. In Tables 16 A.org/statistics/coverage. Claims of German banks are on an immediate borrower basis. France. Italy. provides a comparison of market size between related cash and derivatives markets. Ireland.org/publ/bispap14. 13 B. Spain. December 2011 .htm Tables 12 B. Australia. data on remaining maturities of up to one year cover money market instruments and bonds and notes which are due for repayment within one year. Chinese Taipei. UK data include domestically targeted issues in foreign currency by the Bank of England. Germany. the estimation is based on the Triennial Bank Survey 2004. guarantees extended and credit commitments are also shown. As of June 2007. New Zealand. only signed facilities with a maturity of at least three months are included. BIS Quarterly Review. The international debt securities data include “repackaged securities”. The data are derived from the BIS regular OTC derivatives statistics and cover the notional amounts and gross market values outstanding of the worldwide consolidated OTC derivatives exposure of major banks and dealers in the G10 countries. 12 C. In Tables 17 A and 17 B.

Sources: FOWTRADEdata.Table 20 B Counting both currency sides of every foreign exchange transaction means that the currency breakdown sums to 200% of the aggregate. The notional amounts and the number of contracts outstanding corresponding to the equity index and single equity options contracts traded in North America were revised due to significant corrections by the data provider. BIS. Tables 20 C-22 C The maturity brackets refer to residual maturities. In the case of equity index derivatives. Tables 23 A–B Notional principal is calculated as the number of contracts multiplied by the face value of the derivatives contract. Futures Industry Association. the face value is calculated as the product of the contract’s multiplier and the value of the underlying index. converted into US dollars. BIS Quarterly Review. various futures and options exchanges. December 2011 A141 .

funding risk and the transmission of shocks across countries: concepts and measurement I Fender and P McGuire June 2010 Policy responses to dislocations in the FX swap market: the experience of Korea N Baba and I Shim June 2010 Currency collapses and output dynamics: a long-run perspective C E Tovar June 2010 Was it credit supply? Cross-border bank lending to emerging market economies during financial crisis E Takáts June 2010 European banks’ US dollar funding pressures I Fender and P McGuire BIS Quarterly Review. R McCauley and P McGuire September 2011 The rise of sovereign credit risk: implications for financial stability M Davies and T Ng June 2011 The global output gap: measurement issues and regional disparities P Gerlach June 2011 Rating methodologies for banks F Packer and N Tarashev June 2011 The predictive content of financial cycle measures for output fluctuations T Ng June 2011 Expansion of central clearing D Heller and N Vause March 2011 Systemic importance: some simple indicators M Drehmann and N Tarashev March 2011 Inflation expectations and the great recession P Gerlach. P Kugler and J Shek September 2010 Options for meeting the demand for international liquidity during financial crises R Moessner and W A Allen September 2010 Bank structure. December 2011 B1 . P Hördahl and R Moessner March 2011 The use of reserve requirements as a policy instrument in Latin America C Montoro and R Moreno March 2011 Foreign exchange trading in emerging currencies: more financial.Special features in the BIS Quarterly Review September 2011 The trade balance and the real exchange rate E Kharroubi September 2011 Global credit and domestic credit booms C Borio. more offshore R McCauley and M Scatigna December 2010 The $4 trillion question: what explains FX growth since the 2007 survey? M R King and D Rime December 2010 Derivatives in emerging markets D Mihaljek and F Packer December 2010 Counterparty risk and contract volumes in the credit default swap market N Vause December 2010 A user's guide to the Triennial Central Bank Survey of foreign exchange market activity M R King and C Mallo September 2010 Debt reduction after crises G Tang and C Upper September 2010 The collapse of international bank finance during the crisis: evidence from syndicated loan markets M Chui. D Domanski.

The discussion was organised around four broad topics: (i) international banks. financial stability and credit policy. Central banking in Africa: prospects in a changing world September 2011 http://www. Working Papers China's evolving reserve requirements Guonan Ma. The influence of external factors on monetary policy frameworks and operations October 2011 http://www. An overview chapter summarises the main points raised in the discussions and in the background papers. This complicates the assessment of the outlook for inflation and growth. December 2011 . Economic and financial linkages have become stronger. mostly depositors and SMEs. which took place on 2–3 November 2010 at the BIS's head office in Basel.org/publ/bppdf/bispap56. The monetary effects of reserve requirements need to be explored in conjunction with other policy actions and not in isolation. Since 2007. especially through financial channels. higher reserve requirements tend to signal a tightening bias. China's reserve requirement system has also become more complex and been used to address a range of other policy objectives. commodity prices and exchange rates. as a cheaper substitute for open-market operation instruments in this period of rapid FX accumulation. Depending on the policy mix. and (iv) additional supporting policies that central banks can use to address the policy dilemmas from the influence of external factors. new liquidity rules and monetary policy in EMEs. which was jointly organised by the Bank for International Settlements (BIS). However. This event. A special feature of the volume are the opening remarks on financial inclusion and the regulation of microfinance. Against this background.pdf Governors and senior officials representing some two dozen central banks from Africa and other regions of the world met at the BIS in May 2011 to discuss the monetary policy and financial stability issues facing Africa after the global financial crisis. One of the main conclusions of the meeting was that financial globalisation has multiplied the number of transmission channels and associated risks through which external factors influence domestic economic and financial conditions in EMEs. Yan Xiandong and Liu Xi http://www. These publications are also available on the BIS website (www. held at the BIS in Basel in February 2011. Monetary policy in EMEs has become much more complex as a result.bis. 1 B2 Requests for publications should be addressed to: Bank for International Settlements. the European Central Bank (ECB) and the World Bank (WB).org/publ/bppdf/bispap58. as it imposes a tax burden on Chinese banks that in turn appear to have passed a significant portion of this cost onto their customers.org/publ/work360.bis. and to help widen net interest spreads. (iii) changes in monetary policy transmission mechanisms. not least being macroeconomic management.bis. however. CH-4002 Basel. The PBC often finds it easier to reach consensus over reserve requirement decisions than interest rate decisions and enjoys greater discretion in applying this tool. and (iv) capital flows.org). There are. The present volume brings together papers prepared for that meeting.htm This volume is a collection of papers presented at the Third Public Investors Conference. followed by a transcript of the question and answer session with Professor Muhammad Yunus. (iii) the implications of foreign exchange market intervention for central bank balance sheets. The preference for using reserve requirements reflects the size of China's FX sterilisation task and the associated cost considerations.pdf This paper examines the evolving role of reserve requirements as a policy tool in China. This volume brings together the background papers prepared for that meeting. (ii) exchange rates and monetary policy frameworks in EMEs. sovereign wealth funds and public pension funds with the aim of discussing issues of specific relevance to public sector investors. the pass-through onto bank customers appears to be partial.org/publ/bppdf/bispap57. brought together over 80 participants from more than 50 institutions comprising central banks. to push market interest rates higher.bis. resulting in greater synchronisation of business cycles across advanced and emerging market economies. This has led to the faster transmission of shocks. the Chinese central bank (PBC) has relied more on this tool to withdraw domestic liquidity surpluses. The papers cover four broad areas where the crisis could have had potentially the largest impact on central banking in Africa: (i) financial access. Press & Communications. the 16th annual meeting of Deputy Governors from the major emerging market economies. to squeeze excess reserves of banks. It also introduces an additional dimension – the evaluation of financial stability risks – to the objectives of central banks. thus tightening domestic monetary conditions. the 2006 Nobel Peace Prize laureate. Centralbahnplatz 2.bis. addressed the question of how external factors had affected monetary policy in EMEs over the past few years. costs to using this policy tool. BIS Quarterly Review. (ii) governance arrangements for financial stability.pdf Economic and financial integration has reshaped the monetary policy frameworks and transmission channels in the emerging market economies (EMEs) over the past two decades. a quantity-oriented monetary policy framework challenged to reconcile policy dilemmas and tactical considerations.Recent BIS publications 1 BIS Papers Portfolio and risk management for central banks and sovereign wealth funds October 2011 http://www.

org/publ/work354. This paper argues that this development is welcome but has not gone far enough. This paper contributes to our understanding of asset price bubbles by looking at assets when they are underpriced. The crisis has encouraged a sharper focus on systemic risk. our results imply that data on asset prices should always be used in the estimation of structural NDBC models because they contain information that cannot be obtained by using solely macroeconomic data. Rediscovering the macroeconomic roots of financial stability policy: journey. the paper documents this analytical and policy journey before suggesting a way forward. funding structure) and the bank-firm relationship have influenced interest rate setting since the collapse of Lehman Brothers.pdf The existing literature on estimated structural News Driven Business Cycle (NDBC) models has focused almost exclusively on macroeconomic data and has largely ignored asset prices. spreads increased by less for the customers of well-capitalised.pdf The recent financial crisis has triggered a major rethink of analytical approaches and policy towards financial stability. banks during a crisis can turn additional capital into greater lending only once their capitalisation exceeds a critical threshold. liquidity. we look at its cost.bis. and employs a novel dataset covering large international banks headquartered in 14 major advanced economies for the period 1995–2010.pdf This paper examines whether the rescue measures adopted during the global financial crisis helped to sustain the supply of bank lending.pdf The international financial crisis of the late 2000s has revived interest in asset price bubble research. we present evidence that including data on asset prices in the estimation of a structural NDBC model dramatically affects inference about the main sources of business cycle fluctuations.bis. the focus is on how cross-border spillovers led to the severe underpricing of various types of assets in Asia and the Pacific. Further. While stronger capitalisation sustains loan growth in normal times. Combined with the large body of evidence that asset price movements reflect changes in expectations of future developments in the economy. To substantiate this conclusion. Other indicators. such as credit spreads. This suggests that recapitalisations may not translate into greater credit supply until bank balance sheets are sufficiently strengthened.bis.org/publ/work357. it was a realisation that asset price bubbles are of much greater significance than previously thought.org/publ/work358. The paper begins with a brief discussion of a negative asset price bubble and a narrative of the international financial crisis in Asia and the Pacific. The analysis proposes a setup that allows testing for structural shifts in the bank lending equation. Rescue packages and bank lending Michael Brei. when there are negative asset price bubbles. liquid banks and those engaged mainly in traditional lending business. This type of model elevates the importance of tail risk considerations for policymakers and the associated complex monetary policy trade-offs. ie. and questions about whether price stability is a sufficient criterion to guide monetary policy. December 2011 B3 .org/publ/work359. Anchoring countercyclical capital buffers: the role of credit aggregates Mathias Drehmann. For some. Claudio Borio and Kostas Tsatsaronis http://www. The paper then presents a simple model of endogenous asset price bubbles to clarify some of the policy issues.Bank heterogeneity and interest rate setting: what lessons have we learned since Lehman Brothers? Leonardo Gambacorta and Paolo Emilio Mistrulli http://www.bis. Leonardo Gambacorta and Goetz von Peter http://www. the event confirmed the enduring relevance of studying asset price bubbles in our economies. News driven business cycles and data on asset prices in estimated DSGE models Stefan Avdjiev http://www.pdf A substantial literature has investigated the role of relationship lending in shielding borrowers from idiosyncratic shocks. Much less is known about how lending relationships and bank-specific characteristics affect the functioning of the credit market in an economy-wide crisis. In this paper. We investigate how bank-specific characteristics (size. In the process. For others. Unlike the existing literature. In particular. it has led to a rediscovery of the macroeconomic roots of financial instability.org/publ/work355. which has focused chiefly on the amount of credit granted during the crisis. are better in indicating the release phase as they are contemporaneous signals of banking sector distress that can precede a credit crunch. the inclusion of a financial sector in macroeconomic models. challenges and a way forward Claudio Borio http://www. capitalisation.org/publ/work356. The impact of the international financial crisis on Asia and the Pacific: highlighting monetary policy challenges from a negative asset price bubble perspective Andrew Filardo http://www. The data on a large sample of loans from Italian banks to non-financial firms suggest that close lending relationships kept firms more insulated from the financial crisis. a shift from a microprudential to a macroprudential orientation in regulation and supervision.bis. The gap between the ratio of credit-to-GDP and its long-term backward-looking trend performs best as an indicator for the accumulation of capital as this variable captures the build-up of system-wide vulnerabilities that typically lead to banking crises. when banks may find it difficult to perform the role of shock absorbers.bis. BIS Quarterly Review.pdf We investigate the performance of different variables as anchors for setting the level of the countercyclical regulatory capital buffer requirements for banks.

When corporate debt goes beyond 90% of GDP. For government debt.org/publ/work353. such as those issued by The Institute of Internal Auditors. The document builds on the Committee’s Principles for Enhancing Corporate Governance which require banks to have an internal audit function with sufficient authority.org/publ/bcbs210. When does debt go from good to bad? We address this question using a new dataset that includes the level of government. stature. although the impact is very imprecisely estimated. we report a threshold around 85% of GDP. In doing so. The real effects of debt Stephen Cecchetti.org/publ/work352. comments may be sent by post to the Secretariat of the Basel Committee on Banking Supervision. The longerterm lesson is that. B) The relationship of the supervisory authority with the internal audit function. Alternatively. To help ensure a consistent global implementation of Basel III.htm The Basel Committee on Banking Supervision has received a number of interpretation questions related to the 16 December 2010 publication of the Basel III regulatory frameworks for capital and liquidity and the 13 January 2011 press release on the loss absorbency of capital at the point of non-viability. and C) Supervisory assessment of the internal audit function. Banking supervisors must be satisfied as to the effectiveness of a bank’s internal audit function. debt is a drag on growth. - B4 BIS Quarterly Review.Central banking post-crisis: What compass for uncharted waters? Claudio Borio http://www. The Basel Committee welcomes comments on the proposed consultative document. This approach seeks to promote a strong internal audit function within banking organisations and addresses supervisory expectations for the internal audit function and the supervisory assessment of that function. All comments may be published on the Bank for International Settlements's website unless a commenter specifically requests confidential treatment. effective internal audit function is part of sound corporate governance. the function helps reduce the risk of loss and reputational damage to the bank. organised in three sections: A) Supervisory expectations relevant to the internal audit function. governments should keep debt well below the estimated thresholds. Basel III counterparty credit risk – Frequently asked questions November 2011 http://www. Switzerland.consultative document December 2011 http://www.org. Independent. independence. the Committee has agreed to periodically review frequently asked questions and publish answers along with any technical elaboration of the rules text and interpretative guidance that may be necessary. beyond a certain level. the threshold is around 85% of GDP. which forms part of the Committee’s ongoing efforts to address bank supervisory issues and enhance supervision through guidance that encourages sound practices within banks. non-financial corporate and household debt in 18 OECD countries from 1980 to 2010. An annex to the consultative document details responsiblities of a bank's audit committee.bis. Our results support the view that. The document is based on 20 principles. Our examination of other types of debt yields similar conclusions. competent and qualified internal auditors are vital to sound corporate governance.bis. The questions and answers are grouped according to the relevant paragraphs of the rules text. As a strong internal control framework including an independent. December 2011 . to build the fiscal buffer required to address extraordinary events. CH-4002 Basel.pdf At moderate levels. and it promotes due consideration of prudential issues in the development of internal audit standards and practices. It takes into account developments in supervisory practices and in banking organisations and incorporates lessons drawn from the recent financial crisis. debt improves welfare and enhances growth. This essay puts forward a compass to help central banks sail in the largely uncharted waters ahead. Madhusudan Mohanty and Fabrizio Zampolli http://www.org/publ/bcbs209. Bank for International Settlements.bis.htm The Basel Committee on Banking Supervision is issuing this revised supervisory guidance for assessing the effectiveness of the internal audit function in banks. it becomes a drag on growth. keener awareness of the global dimensions of those tasks. And for household debt. intellectual and institutional.bis. The compass is based on tighter integration of the monetary and financial stability functions. resources and access to the board of directors. and stronger safeguards for an increasingly vulnerable central bank operational independence. An effective internal audit function provides vital assurance to a bank's board of directors and senior management (and bank supervisors) as to the quality of the bank's internal control system. that effective policies and practices are followed and that management takes appropriate corrective action in response to internal control weaknesses identified by internal auditors. Basel Committee on Banking Supervision The internal audit function in banks . The document replaces the 2001 document Internal audit in banks and the supervisor’s relationship with auditors. It also encourages bank internal auditors to comply with and to contribute to the development of national and international professional standards. The immediate implication is that countries with high debt must act quickly and decisively to address their fiscal problems. Comments should be submitted by Friday 2 March 2012 by email to: baselcommittee@bis. This document sets out the first set of frequently asked questions that relate to the counterparty credit risk sections of the Basel III rules text. Central banks face a threefold challenge: economic.pdf The global financial crisis has shaken the foundations of the deceptively comfortable pre-crisis central banking world. But high levels can be damaging.

Interpretive issues with respect to the revisions to the market risk framework – updates from
16 November 2011
November 2011
http://www.bis.org/publ/bcbs208.htm
In this document, the Basel Committee on Banking Supervision ("the Committee") provides responses to interpretive
issues regarding the Revisions to the Basel II market risk framework ("the Revisions") and the Guidelines for computing
capital for incremental risk in the trading book ("the IRC Guidelines"). Updated versions of this document will be published
on the Committee's website if and when additional interpretive issues arise.
Unless stated otherwise, paragraph numbers given in the remainder of this document refer to the International
convergence of capital measurement and capital standards: A revised framework, comprehensive version, June 2006, as
amended through the Revisions to the Basel II market risk framework (updated as of 31 December 2010), February 2011.
Questions which have been added since the previous version of the FAQs are shaded yellow, changes are shaded red.

Global systemically important banks: Assessment methodology and the additional loss absorbency
requirement
November 2011
http://www.bis.org/publ/bcbs207.htm
The rules text sets out the Basel Committee's framework on the assessment methodology for global systemic importance,
the magnitude of additional loss absorbency that global systemically important banks (G-SIBs) should have and the
arrangements by which the requirement will be phased in. The cover note to the rules text sets out the Committee's
summary and evaluation of the public comments received on the July 2011 consultative document. The rules text was
finalised following a careful review of the public comments received. The work of the Basel Committee forms part of a
broader effort by the Financial Stability Board to reduce the moral hazard of global systemically important institutions.
The rationale for the policy measures set out in the rules text is to deal with the cross-border negative externalities
created by G-SIBs which current regulatory policies do not fully address. The measures will enhance the going-concern
loss absorbency of G-SIBs and reduce the probability of their failure.
The assessment methodology for G-SIBs is based on an indicator-based approach and comprises five broad categories:
size, interconnectedness, lack of readily available substitutes or financial institution infrastructure, global (crossjurisdictional) activity and complexity.
The additional loss absorbency requirements will range from 1% to 2.5% Common Equity Tier 1 (CET1) depending on a
bank's systemic importance with an empty bucket of 3.5% CET1 as a means to discourage banks from becoming even
more systemically important.
The higher loss absorbency requirements will be introduced in parallel with the Basel III capital conservation and
countercyclical buffers, ie between 1 January 2016 and year end 2018 becoming fully effective on 1 January 2019.

Capitalisation of bank exposures to central counterparties – consultative document
November 2011
http://www.bis.org/publ/bcbs206.htm
The Basel Committee issued today its second consultative paper on the Capitalisation of bank exposures to central
counterparties.
The Committee's proposals relate to the capitalisation of bank exposures to a central counterparty (CCP) and cover both
capital requirements for default fund exposures and trade-related exposures to CCPs. The Committee will finalise the
rules around year end and expects that they will be implemented in its member jurisdictions by January 2013.
The Committee conducted an initial consultation on this topic in December 2010. Today's consultative paper takes
account of the responses received during this earlier consultation as well as the results of various impact assessments.
The Committee also consulted closely with the Committee on Payment and Settlement Systems (CPSS) and the
Technical Committee of the International Organization of Securities Commissions (IOSCO).
The Basel Committee welcomes comments on the proposed rules text. Comments should be submitted by Friday,
25 November 2011 by email to: baselcommittee@bis.org. Alternatively, comments may be sent by post to the Secretariat
of the Basel Committee on Banking Supervision, Bank for International Settlements, CH-4002 Basel, Switzerland. All
comments may be published on the Bank for International Settlements' website unless a commenter specifically requests
confidential treatment.

Treatment of trade finance under the Basel capital framework
October 2011
http://www.bis.org/publ/bcbs205.pdf
The Basel Committee on Banking Supervision has evaluated the impact of Basel II and Basel III on trade finance in the
context of low income countries. As a result, it adopted two technical changes to the Basel regulatory capital adequacy
framework related to the treatment of trade finance that will help promote trade with low income countries. The Committee
conducted its evaluation in consultation with the World Bank, the World Trade Organisation and the International
Chamber of Commerce. The agreed changes will improve the access to and lower the cost of trade finance instruments
for low income countries.

Basel III definition of capital – Frequently asked questions
October 2011
http://www.bis.org/publ/bcbs204.pdf
The Basel Committee on Banking Supervision has received a number of interpretation questions related to the December
2010 publication of the Basel III regulatory frameworks for capital and liquidity and the 13 January 2011 press release on
the loss absorbency of capital at the point of non-viability. To help ensure a consistent global implementation of Basel III,
the Committee will continue to review frequently asked questions and to periodically publish answers along with any
technical elaboration of the rules text and interpretative guidance that may be necessary.

BIS Quarterly Review, December 2011

B5

The frequently asked questions (FAQs) published in this document correspond to the definition of capital sections of the
Basel III rules text. These FAQs are in addition to the first set of FAQs published in July 2011. The questions and
answers are grouped according to the relevant paragraphs of the rules text. FAQs that have been added since the
publication of the first version of this document are shaded yellow; the earlier July 2011 FAQs that have been revised are
shaded red.
This document is also available in German, Italian and Spanish. The German and the Spanish translation represent the
initial document from July 2011 and will be updated soon. A translations into French will also be published soon.

Progress report on Basel III implementation
October 2011
http://www.bis.org/publ/bcbs203.pdf
The Basel Committee's first Progress report on Basel III implementation provides a high-level view of its members'
progress in adopting Basel II, Basel 2.5 and Basel III, as of end September 2011. It focuses on the status of domestic
rule-making processes to ensure that the Committee's capital standards are transformed into national law or regulation
according to the internationally agreed timeframes. The Committee believes that disclosure will provide additional
incentive for members to fully comply with the international agreements.
This report is one element of the Committee's comprehensive framework to monitor and review its members'
implementation of the Basel regulatory capital framework, which was announced on 28 September 2011. A subsequent
element of the Committee's framework will be to review the consistency of members' national rules or regulations with the
international minimum standard to identify differences that could raise prudential or level playing field concerns. The
framework will also review the measurement of risk-weighted assets in both the banking book and the trading book to
ensure consistency in practice across banks and jurisdictions. The Committee's preparations are well advanced so that
these reviews can commence by the beginning of 2012.

Assessment of the macroeconomic impact of higher loss absorbency for global systemically
important banks
October 2011
http://www.bis.org/publ/bcbs202.pdf
In April 2011, the FSB and Basel Committee reconvened the Macroeconomic Assessment Group (MAG) to investigate
the macroeconomic costs and benefits of the Basel Committee’s proposals for improving the loss absorbency of global
systemically important banks (G-SIBs). The MAG comprises macroeconomic modelling experts from central banks and
regulators in 15 countries and a number of international institutions. In its work, the MAG drew on its earlier assessment
of the transitional costs of the proposals for strengthened capital and liquidity requirements under Basel III, and on the
long-term cost-benefit analysis performed by the Basel Committee's Long-term Economic Impact (LEI) study.
The costs of the G-SIB proposals stem from the adverse impact on economic activity, especially investment, of banks'
actions to increase interest rate spreads and cut lending in order to build up their capital buffers. The MAG estimated the
impact of higher capital requirements on G-SIBs by scaling the impact of raising capital requirements on the banking
system as a whole, reported by the MAG in 2010, by the share of G-SIBs in domestic financial systems. While these
shares vary across jurisdictions, the share of the top 30 potential G-SIBs (using the Basel Committee's proposed
methodology and end-2009 data) averages about 30% of domestic lending and 38% of financial system assets in the
MAG economies.
If we use lending shares as a scaling factor, raising capital requirements on the top 30 potential G-SIBs by 1 percentage
point over eight years leads to only a modest slowdown in growth. GDP falls to a level 0.06% below its baseline forecast,
followed by a recovery. This represents an additional drag on growth of less than 0.01 percentage points per year during
the phase-in period. The primary driver of this macroeconomic impact is an increase of lending spreads of 5–6 basis
points. Soon after implementation is complete, growth is forecast to be somewhat faster than trend until GDP returns to
its baseline. The aggregate figures conceal significant differences across countries, which reflect differences in the role of
G-SIBs in the domestic financial system and in current levels of bank capital buffers. International spillovers are also
important, and in some countries are likely to be the dominant source of macroeconomic effects.
The impact of the Basel III proposals, using the end-2009 global capital levels as a starting point, was calculated by the
MAG in 2010. On top of this, we assume for illustrative purposes that the top 30 G-SIBs will need to raise their capital
ratios by an additional 2 percentage points, and that both parts of the reform are implemented over eight years. Adding
together these two components, we find that the impact is again quite small, with GDP at the point of peak impact
forecast to have fallen 0.34% relative to its baseline level. Roughly 0.04 percentage points are subtracted from annual
growth during this period, while lending spreads rise by around 31 basis points. As before, different assumptions lead to
different effects, with faster implementation or a weaker monetary policy response increasing the impact on GDP.
The benefits of the G-SIB framework relate primarily to the reduction in the exposure of the financial system to systemic
crises that can have long-lasting effects on the economy. The LEI estimated the benefits of Basel III by multiplying the
degree to which it reduces the annual probability of a systemic crisis, by an estimate of the overall cost of a typical crisis
in terms of lost output. Drawing on the LEI's results, the MAG estimated that raising capital ratios on G-SIBs could
produce an annual benefit in the order of 0.5% of GDP, while the Basel III and G-SIB proposals combined contribute an
annual benefit of up to 2.5% of GDP – many times the costs of the reforms in terms of temporarily slower annual growth.

Committee on the Global Financial System
The macrofinancial implications of alternative configurations for access to central counterparties in
OTC derivatives markets
November 2011
http://www.bis.org/publ/cgfs46.htm
The G-20 leaders' commitment that all standardised over-the-counter (OTC) derivatives will be centrally cleared by the
end of 2012 is intended to increase the safety and resilience of the global financial system. Achieving these objectives

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BIS Quarterly Review, December 2011

depends importantly on the arrangements through which market participants obtain access to central clearing. Such
arrangements could include increased use of existing global CCPs; the establishment of domestic CCPs in a number of
jurisdictions; and the possible construction of links between CCPs. This report analyses the potential implications for
financial stability and efficiency of these alternative access arrangements to CCPs.

Global liquidity – concept, measurement and policy implications
November 2011
http://www.bis.org/publ/cgfs45.htm
Global liquidity has become a key focus of international policy debates over recent years. This reflects the view that
global liquidity and its drivers are of major importance for international financial stability. The concept of global liquidity,
however continues to be used in a variety of ways and this ambiguity can lead to unfounded and potentially destabilising
policy initiatives.
This report analyses global liquidity from a financial stability perspective, using two distinct liquidity concepts. One is
official liquidity, which can be used to settle claims through monetary authorities and is ultimately provided by central
banks. The other concept is private (or private sector) liquidity, which is created to a large degree through cross-border
operations of banks and other financial institutions.
Understanding the determinants of private liquidity is of particular importance. As many financial institutions provide
liquidity both domestically and in other countries, globally, private liquidity is linked to the dynamics of gross international
capital flows, including cross-border banking or portfolio movements. This international component of liquidity can be a
potential source of instability because of its own dynamics or because it amplifies cyclical movements in domestic
financial conditions and intensifies domestic imbalances.
Policy responses to global liquidity call for a consistent framework that considers all phases of global liquidity cycles,
countering both surges and shortages. Measures to prevent unsustainable booms in private liquidity are linked with microand macroprudential policies as well as the financial reform agenda. Country-specific or regional liquidity shocks, in turn,
may effectively be addressed through self-insurance in the form of precautionary foreign exchange reserves holdings and
existing arrangements which essentially redistribute liquidity. However, truly global liquidity shocks necessitate direct
interventions in amounts large enough to break downward liquidity spirals. Only central banks have this ability.

Committee on Payment and Settlement Systems
Statistics on payment, clearing and settlement systems in the CPSS countries – Figures for 2010 –
preliminary release
September 2011
http://www.bis.org/publ/cpss98.htm
This is an annual publication that provides data on payments and payment, clearing and settlement systems in the CPSS
countries.
This version of the statistical update contains data for 2010 and earlier years. There are detailed tables for each individual
country as well as a number of comparative tables.
Please note that this publication contains some provisional data for 2010 while some others are not yet available.

Payment, clearing and settlement systems in the CPSS countries – Volume 1
September 2011
http://www.bis.org/publ/cpss97.htm
The Committee on Payment and Settlement Systems (CPSS) publishes – under the aegis of the Bank for International
Settlements (BIS) – reference works on the payment systems and other financial market infrastructures of various
countries, widely known as Red Books.
The Red Book for the CPSS countries was last published in April 2003. After the enlargement of the CPSS to
24 countries in 2009, this edition of the Red Book for the CPSS countries is in two volumes. This first volume comprises
10 CPSS countries: Australia, Brazil, Canada, India, Korea, Mexico, Russia, Singapore, Sweden and Switzerland. The
second volume, which covers Belgium, China, France, Germany, Hong Kong SAR, Italy, Japan, the Netherlands,
Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States and also has chapters on the euro area
and international payment arrangements, is planned to be published in 2012.
Properly functioning financial market infrastructures enhance the stability of the financial sector, reduce transaction costs
in the economy, promote the efficient use of financial resources, improve financial market liquidity and facilitate the
conduct of monetary policy. I hope that this new edition of the CPSS Red Book will contribute to the general
understanding and awareness of these issues by providing information on the arrangements in the CPSS countries.
I would like to thank all those who contributed to the publication of this Red Book by writing their country texts. Thanks
also to the BIS staff for making this volume ready for publication, and particularly to David Maurer, who coordinated the
production and led the process of editing the country texts.
William C Dudley, Chairman, Committee on Payment and Settlement Systems

Speeches
Financial and real sector interactions: enter the sovereign "ex machina"
Speech by Mr Jaime Caruana, General Manager of the BIS, at the CAFRAL/BIS conference on "Financial sector
regulation for growth, equity and stability in the post-crisis world", Mumbai, 15 November 2011.
http://www.bis.org/speeches/sp111118.htm
Recent events underscore the lesson that financial stability depends not only on the links between banks and the
corporate and household sectors, but also on those between banks and the sovereign. The sovereign must be prepared

BIS Quarterly Review, December 2011

B7

Deputy General Manager of the BIS. various institutional reforms and private sector reforms are essential if confidence in the financial system is to be restored.org/speeches/sp111103. - B8 BIS Quarterly Review. 11 November 2011. however. at the DNB conference in honour of Nout Wellink on "Welfare effects of financial innovation". not only do these lessons influence how we formulate policy frameworks. We need to continue with the finalisation and implementation of regulatory reform. thereby stabilising their profitability. monetary and macroprudential measures. Safeguarding financial stability. The role of prudential regulation is to ensure that banks are well equipped to deal with risk. Auditors also play a key part in providing independent and disciplined review and feedback on management's efforts. risk managers and auditors Speech by Mr Jaime Caruana. The rules of the road making the financial system safe for everyone Speech by Mr Stephen G Cecchetti. Sovereigns should aim to restore their low-risk (if not risk-free) status in the bond market through fiscal reform and consolidation and banks' exposure to sovereign risk will need to be properly measured and covered by adequate capital. timely and global implementation of Basel III and other reforms is essential for strengthening the financial system. http://www.bis. central banks' operational frameworks and global central bank cooperation – put to the test. It argues that complacent pricing and accumulation of sovereign risk was largely a market outcome that should not be laid at Basel II's door. Then it reviews recent criticisms of the supervisory treatment of sovereign risk. Bank boards. http://www. the treatment by large banks of sovereign credit as risk-free should be regarded as inconsistent with Basel II. 13 October 2011. Paris. bank profits have been underpinned by high leverage.org/speeches/sp111026. creating vulnerabilities. They are:    The future of inflation targeting The future of central banks' operational frameworks The future of global central bank cooperation It is immediately clear to everyone here that we have seen each of these aspects – inflation targeting.bis. Economic Adviser and Head of Monetary and Economic Department of the BIS. General Manager of the BIS. 26 October 2011.org/speeches/sp111014. Amsterdam. The Basel Committee on Banking Supervision under Nout Wellink's chairmanship has made important progress towards this goal. Sovereigns must now earn back their reputation as borrowers that are practically risk-free. at the Financial Stability Institute High-Level Meeting. senior management and risk managers all have a clear role in adapting to the new framework. But this requires that fiscal buffers be built up in good times. they also have implications for how we should go about constructing a credible and consistent governance structure. In each case.htm Full. Lisbon. 03 November 2011. lastly.htm Financial innovation can unlock economic value but. Basel III: New strains and old debates – challenges for supervisors. Panel remarks on "Welfare effects of financial innovation" Panel remarks by Mr Jaime Caruana. http://www. http://www. they need robust defenses against risk. Responsibility for Basel III does not rest only with the regulatory community. On the contrary. December 2011 . And. Without appropriate governance arrangements.htm In my remarks. prepared for the SEACEN-CEMLA Conference. the sovereign can itself become a source of financial instability. Kuala Lumpur.org/speeches/sp111013.bis. The private sector also has a vital part to play in building a more resilient financial system. the experience of the last three years has changed the way in which we do and should think about how central banks go about meeting their macroeconomic stabilisation objectives. policymakers cannot even set out on the difficult path that they need to follow.htm Sovereign risk in bank regulation and supervision: Where do we stand? Speech by Mr Hervé Hannoun. 14 October 2011. I would like to examine three main themes. These policies need to take a long-term view and to better internalise systemic risk. Over the past two decades. Otherwise. Economic Adviser and Head of Monetary and Economic Department of the BIS at the CFA Institute.bis. http://www. requires action in all areas of public policy – including fiscal. the sovereign's solvency is a precondition for the central bank's success in dealing with threats to monetary and financial stability.org/speeches/sp111114. at the Bank of Portugal conference on "Basel III and the new challenges for supervisors. Monetary policy lessons learned from the crisis and the post-crisis landscape Remarks by Mr Stephen G Cecchetti. as its credit risk interacts in a malign way with bank and other private sector credit risks. France. This speech highlights the recent rise in sovereign risk and the exposures of banks to some sovereigns as reflected in BIS data.htm The sovereign debt strains in most advanced economies have focused attention on the treatment of sovereign risk in banking regulation and supervision.to act as ultimate backstop for the financial system. But regulation is only part of the broader public policy agenda. governance is the enduring core of central banking. General Manager of the BIS. risk managers and auditors". UAE. if banks are to reap the benefits. Abu Dhabi. But. After all. drawing out the main lessons from the crisis for central banking in the post-crisis era. Ultimately.bis.

notoriously less open than other industrialised countries. University of Chicago. Economic Adviser and Head of Monetary and Economic Department of the BIS. In fact. the global ratio of exports plus imports to GDP has risen from 43%. I consider the fact that the ugly spectre of protectionism has not raised its head during the last four crisisridden years as both a victory and a relief. prepared for the Myron Scholes Global Markets Forum. It is difficult to find anyone who would protest the increase in international trade. BIS Quarterly Review. December 2011 B9 . http://www. the same measure rose from a much more modest 21% to a still relatively low 32%. 27 September 2011. to 59%.bis. in 2010.org/speeches/sp110928. To give you some sense of the magnitude: in a span of 30 years. The benefits we all reap from this are so easy to see that virtually no one seriously suggests reversing the tide.htm My topic today is cross-border flows. as well as society's attitude towards it. And. as one of the great successes of the latter half of the 20th century.Global imbalances: current accounts and financial flows Remarks by Mr Stephen G Cecchetti. I would count the fact of so much more trade openness. Even in the United States. in 1980.