U.S. bank loans to foreigners declined
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The Federal Reserve Board said that U.S. banks had a total of $304.38 billion loans outstanding to foreigners for the three months ended Sept. 30, 1985. That was down from $312.94 billion the previous quarter and from $329.32 billion at the end of September 1984. Residents of the United Kingdom had the largest outstanding borrowings, followed by Japan, Italy and Canada, according to the Fed’s quarterly survey.
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