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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Tom who wrote (2165)	8/26/1998 9:20:00 PM
From: Tom	Read Replies (1) \| Respond to of 2951

U.S. banks, including BankAmerica., Chase Manhattan Corp. and Citicorp, were owed about $6.8 billion in loans, derivatives, foreign exchange and other securities by Russian companies and the government as of March 31, according to a division of the Federal Reserve. Chase, the largest bank in the U.S., had $500 million in Russia exposure, a spokesman said. BankAmerica had $412 million, according to a recent Securities and Exchange Commission filing. Bankers Trust had about $1 billion, including $500 million from business with major U.S. hedge funds, according to David Berry, an analyst at Keefe, Bruyette & Woods. (Bloomberg) ---------- At the end of the first quarter, BankAmerica had almost $23 billion of exposure to Asia including over $5 billion to Hong Kong, $3 billion to South Korea, and more than one billion to each Indonesia, Malaysia, Thailand, and Taiwan. Increasingly, it looks like this lending will prove problematic to BankAmerica as well as the other money center banks with significant exposure. (David Tice, 05-13-98)