Bank Credit

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Bank Credit

The total amount an individual may borrow from all banks. For example, suppose there are only three banks that will lend to a certain person. If that person can borrow $1,000 from the first, and $2,000 from each of the other two, her total bank credit is $5,000.
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The proposed changes intend to make the application of small bank credits to quarterly assessments more predictable for IDIs with these credits, and to simplify the FDIC's administration of these credits without materially impairing the ability of the FDIC to maintain the required minimum reserve ratio of 1.35 percent.
The decline in bank credits continued until less than half in amount by the end of 1999.
As already said that the sharp decline in bank credits in 1999 was caused by suspension of a number of banks in March that year and transfer of credits of recapitalized banks.
By the end of July, credits for the industrial sector totaled Rp 92.4 trillion or 37.6% of the total bank credits. The credits for trade sector amounted to Rp 46.1 trillion or 19.4%.
Table - 2 Developments of bank credits by sectors, 1997 - 2000 Year Agriculture Mining Industry sector 1997 26,002 5,316 111,679 1998 Qrt.
In 1992, eastern Indonesia accounted for 6.8% or Rp 8.4 trillion of the total amount of bank credits which totaled Rp 123 trillion that year in the country.
Table - 1 Growth of bank credits in 13 provinces in Eastern Indonesia, 1992 - 1997 Credit in 13 provinces Credit in in Eastern Portion others Portion Year Indonesia (%) 14 provinces (%) 1992 8,393 6.83 114,525 93.17 1993 8,765 5.83 141,506 94.17 1994 10,175 5.39 178,705 94.61 1995 11,714 4.99 222,897 95.01 1996 14,162 4.83 278,759 95.17 1997(*) 15,509 4.56 324,519 95.44 Total credit Portion Year of banks (%) 1992 122,918 100.00 1993 150,271 100.00 1994 188,880 100.00 1995 234,611 100.00 1996 292,921 100.00 1997(*) 340,028 100.00
As a result the amount of public fund collected by banks is much larger than bank credits in that region both in proportion and in absolute, term.
In 1992, bank credits extended for eastern Indonesia totaled Rp 8.4 trillion as against public fund of Rp 7.1 trillion deposited in banks or a surplus of Rp 1.3 trillion.
In the past 5 years (1992-1996) bank credits for service sector rose 37% annually on the average as against an average annual rise of 24% for all bank credits.
Credits from state-owned banks including BTN (assigned to finance housing projects) amounted to Rp 25.5 trillion or 27.8% of the total bank credits for the service sector.
The amount of bank credits extended for the property sector is estimated at Rp 65 trillion or 20.9% of the total amount of bank credits which amounted to Rp 311.4 trillion by April 1997.