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Federal Reserve Bulletin, May, 2001
Guide to Tabular Presentation
SYMBOLS AND ABBREVIATIONS
c Corrected
e Estimated
n.a. Not available
n.e.c. Not elsewhere classified
p Preliminary
r Revised (Notation appears on column heading
when about half of the figures in that column
are changed.)
* Amounts insignificant in terms of the last decimal
place shown in the table (for example, less than
500,000 when the smallest unit given is millions)
0 Calculated to be zero
... Cell not applicable
ABS Asset-backed security
ATS Automatic transfer service
BIF Bank insurance fund
CD Certificate of deposit
CMO Collateralized mortgage obligation
CRA Community Reinvestment Act of 1977
FAMC Federal Agriculture Mortgage Corporation
FFB Federal Financing Bank
FHA Federal Housing Administration
FHLBB Federal Home Loan Bank Board
FHLMC Federal Home Loan Mortgage Corporation
FmHA Farmers Home Administration
FNMA Federal National Mortgage Association
FSA Farm Service Agency
FSLIC Federal Savings and Loan Insurance Corporation
G-7 Group of Seven
G-10 Group of Ten
GDP Gross domestic product
GNMA Government National Mortgage Association
HUD Department of Housing and Urban
Development
IMF International Monetary Fund
IOs Interest only, stripped, mortgage-back securities
IPCs Individuals, partnerships, and corporations
IRA Individual retirement account
MMDA Money market deposit account
MSA Metropolitan statistical area
NOW Negotiable order of withdrawal
OCDs Other checkable deposits
OPEC Organization of Petroleum Exporting Countries
OTS Office of Thrift Supervision
PMI Private mortgage insurance
POs Principal only, stripped, mortgage-back securities
REIT Real estate investment trust
REMICs Real estate mortgage investment conduits
RHS Rural Housing Service
RP Repurchase agreement
RTC Resolution Trust Corporation
SCO Securitized credit obligation
SDR Special drawing right
SIC Standard Industrial Classification
VA Department of Veterans Affairs
GENERAL INFORMATION
In many of the tables, components do not sum to totals because of
rounding.
Minus signs are used to indicate (1) a decrease, (2) a negative
figure, or (3) an outflow.
"U.S. government securities" may include guaranteed issues
of U.S. government agencies (the flow of funds figures also
include not fully guaranteed issues) as well as direct
obligations of the Treasury.
"State and local government" also includes municipalities,
special districts, and other political subdivisions.
1.10 RESERVES, MONEY STOCK, AND DEBT MEASURES
Percent annual rate of change, seasonally adjusted(1)
2000
Monetary or credit aggregate
Q1(r) Q2 Q3(r)
Reserves of depository
institutions(2)
1 Total 2.4 -10.9(r) -8.3
2 Required .6 -7.7(r) -8.6
3 Nonborrowed 3.0 -12.5(r) -9.9
4 Monetary base(3) 4.0 -3.6(r) 2.5
Concepts of money and debt(4)
5 M1 2.0 -1.8 -3.6
6 M2 5.8 6.4 5.8
7 M3 10.7 9.0 8.9
8 Debt 5.6 6.1 4.9
Nontransaction components
9 In M2(5) 7.1 8.9 8.7
10 In M3 only(6) 22.9 15.2(r) 16.3
Time and savings deposits
Commercial banks
11 Savings, including MMDAs 2.5 7.8 11.8
12 Small time(7) 9.4 13.2 10.5
13 Large times(8,9) 20.2 17.1 11.5
Thrift institutions
14 Savings, including MMDAs -2.9 1.6 3.3
15 Small time(7) 7.2 3.3 10.8
16 Large time(8) 14.5 .6(r) 23.0
Money market mutual funds
17 Retail 17.8 13.3 4.6
18 Institution-only 22.8 18.0 29.2
Repurchase agreements
and eurodollars
19 Repurchase agreements(10) 20.7 10.7(r) 8.0
20 Eurodollars(10) 42.6 15.0(r) .6
Debt components(4)
21 Federal -4.9 -7.5 -7.3
22 Nonfederal 8.4 9.6 7.9
2000 2000(r)
Monetary or credit aggregate
Q4(r) Oct. Nov.
Reserves of depository
institutions(2)
1 Total -8.7 -11.1 .1
2 Required -10.4 -12.3 -1.7
3 Nonborrowed -6.4 -9.4 4.3
4 Monetary base(3) 2.8 2.8 3.5
Concepts of money and debt(4)
5 M1 -3.0 .4 -8.3
6 M2 6.6 5.5 4.2
7 M3 7.0 3.8 4.2
8 Debt 4.6 3.5 5.4
Nontransaction components
9 In M2(5) 9.4 7.0 7.9
10 In M3 only(6) 7.9 -.2 4.1
Time and savings deposits
Commercial banks
11 Savings, including MMDAs 11.9 5.0 10.4
12 Small time(7) 6.1 3.7 7.7
13 Large times(8,9) 3.5 -9.0 4.8
Thrift institutions
14 Savings, including MMDAs .0 3.2 -3.4
15 Small time(7) 9.7 9.9 9.1
16 Large time(8) 14.0 20.1 4.6
Money market mutual funds
17 Retail 12.7 13.2 9.3
18 Institution-only 18.6 10.4 12.9
Repurchase agreements
and eurodollars
19 Repurchase agreements(10) -3.4 -3.3 -14.6
20 Eurodollars(10) 2.0 -12.5 2.5
Debt components(4)
21 Federal -8.0 -10.1 -9.2
22 Nonfederal 7.6 6.7 8.8
2000(r) 2001
Monetary or credit aggregate
Dec. Jan.(r) Feb.
Reserves of depository
institutions(2)
1 Total -15.9 10.0 .2
2 Required -20.3 12.7 -3.4
3 Nonborrowed -13.7 14.3 .5
4 Monetary base(3) 5.3 11.2 3.3
Concepts of money and debt(4)
5 M1 2.0 12.0 .0
6 M2 9.6 12.3 10.8
7 M3 13.8 16.0 11.7
8 Debt 5.8 3.8 n.a.
Nontransaction components
9 In M2(5) 11.8 12.4 13.8
10 In M3 only(6) 23.7 24.6 13.7
Time and savings deposits
Commercial banks
11 Savings, including MMDAs 16.3 13.2 23.8
12 Small time(7) 9.5 5.0 -5.8
13 Large times(8,9) 39.2 22.0 -39.9
Thrift institutions
14 Savings, including MMDAs -9.2 1.9 27.6
15 Small time(7) 5.6 14.6 6.8
16 Large time(8) -6.9 34.9 6.8
Money market mutual funds
17 Retail 19.5 21.2 9.2
18 Institution-only 24.9 52.5 86.9
Repurchase agreements
and eurodollars
19 Repurchase agreements(10) 12.4 -10.7 -30.2
20 Eurodollars(10) -1.3 -17.0 .6
Debt components(4)
21 Federal -6.6 -7.1 n.a.
22 Nonfederal 8.6 6.3 n.a.
(1.) Unless otherwise noted, rates of change are calculated from
average amounts outstanding during preceding month or quarter,
(2.) Figures incorporate adjustments for discontinuities, or "breaks,"
associated with regulatory changes in reserve requirements. (See also
table 1.20.)
(3.) The seasonally adjusted, break-adjusted monetary base
consists of (1)seasonally adjusted, break-adjusted total reserves (line
1), plus (2) the seasonally adjusted currency component of the money
stock, plus (3) (for all quarterly reporters on the "Report of
Transaction Accounts, Other Deposits and Vault Cash" and for all weekly
reporters whose vault cash exceeds their required reserves) the
seasonally adjusted, break-adjusted difference between current vault
cash and the amount applied to satisfy current reserve requirements,
(4.) Composition of the money stock measures and debt is as follows:
M1: (1) currency outside the U,S. Treasury, Federal Reserve Banks,
and the vaults of depository institutions, (2) travelers checks
of nonbank issuers, (3) demand deposits at all commercial banks
other than those owed to depository institutions, the U.S. government,
and foreign banks and official institutions, less cash items in
the process of collection and Federal Reserve float, and (4)
other checkable deposits (OCDs), consisting of negotiable
order of withdrawal (NOW) and automatic transfer service
(ATS) accounts at depository institutions, credit union
share draft accounts, and demand deposits at thrift institutions.
Seasonally adjusted M1 is computed by summing currency, travelers
checks, demand deposits, and OCDs, each seasonally adjusted separately.
M2: M1 plus (1) savings (including MMDAs), (2) small-denomination time
deposits (time deposits--including retail RPs--in amounts of less than
$100,000), and (3) balances in retail money market mutual funds.
Excludes individual retirement accounts (IRAs) and Keogh balances at
depository institutions and money market funds. Seasonally adjusted M2
is calculated by summing savings deposits, small-denomination time
deposits, and retail money fund balances, each seasonally adjusted
separately, and adding this result to seasonally adjusted M1.
M3:M2 plus (1) large-denomination time deposits (in amounts of $100,000
or more), (2) balances in institutional money funds, (3) RP liabilities
(overnight and term) issued by all depository institutions, and (4)
eurodollars (overnight and term) held by U.S. residents at foreign
branches of U.S. banks worldwide and at all banking offices in the
United Kingdom and Canada. Excludes amounts held by depository
institutions, the U.S. government, money market funds, and foreign
banks and official institutions. Seasonally adjusted M3 is calculated
by summing large time deposits, institutional money fund balances, RP
liabilities, and eurodollars, each seasonally adjusted separately, and
adding this result to seasonally adjusted M2.
Debt: The debt aggregate is the outstanding credit market debt of the
domestic nonfinancial sectors--the federal sector (U.S. government,
not including government-sponsored enterprises or federally related
mortgage pools) and the nonfederal sectors (state and local
governments, households and nonprofit organizations, nonfinancial
corporate and nonfarm noncorporate businesses, and farms). Nonfederal
debt consists of mortgages, tax-exempt and corporate bonds, consumer
credit, bank loans, commercial paper, and other loans. The data, which
are derived from the Federal Reserve Board's flow of funds accounts,
are break- adjusted (that is, discontinuities in the data have been
smoothed into the series) and month-averaged (that is, the data have
been derived by averaging adjacent month-end levels).
(5.) Sum of (1) savings deposits (including MMDAs), (2) small
time deposits, and (3) retail money fund balances, each
seasonally adjusted separately.
(6.) Sum of(l) large time deposits, (2) institutional money fund
balances, (3) RP liabilities (overnight and term) issued by depository
institutions, and (4) eurodollars (overnight and term) of U.S.
addressees, each seasonally adjusted separately.
(7.) Small time deposits--including retail RPs--are those
issued in amounts of less than $100,000. All IRA and
Keogh account balances at commercial banks and thrift
institutions are subtracted from small time deposits.
(8.) Large time deposits are those issued in amounts of $100,000
or more, excluding those booked at international banking facilities.
(9.) Large time deposits at commercial banks less those held by money
market funds, depository institutions, the U.S. government, and foreign
banks and official institutions.
(10.) Includes both overnight and term.
1.11 RESERVES OF DEPOSITORY INSTITUTIONS AND RESERVE BANK CREDIT(1)
Millions of dollars
Average of daily figures
Factor 2000 2001
Dec. Jan. Feb.
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 578,891 577,991 574,233
U.S. government
securities(2)
2 Bought outright--
System account(3) 514,072 515,712 517,974
3 Held under repurchase
agreements 0 0 0
Federal agency
obligations
4 Bought outright 130 130 81
5 Held under repurchase
agreements 0 0 0
6 Repurchase
agreements--
triparty(4) 27,923 24,662 19,085
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 96 43 29
9 Seasonal credit 114 32 19
10 Special Liquidity
Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float 1,502 873 1,231
13 Other Federal Reserve
assets 35,054 36,539 35,815
14 Gold stock 11,046 11,046 11,046
15 Special drawing rights
certificate account 2,652 2,200 2,200
16 Treasury currency
outstanding 31,528 31,800(r) 31,923
ABSORBING RESERVE FUNDS
17 Currency in circulation 584,582 584,006(r) 582,422
18 Reverse repurchase
agreements--
triparty(4) 0 0 0
19 Treasury cash holdings 403 452 485
Deposits, other than
reserve balance
with Federal
Reserve Banks
20 Treasury 5,758 6,682 4,894
21 Foreign 115 104 94
22 Service-related balances
and adjustments 6,959 6,841(r) 6,533
23 Other 355 305 302
24 Other Federal Reserve
liabilities
and capital 18,401 18,124 18,168
25 Reserve balances with
Federal Reserve
Banks(5) 7,543 6,521(r) 6,502
Average of daily figures for
week ending on date
indicated
Factor 2,001
Jan. 17 Jan. 24 Jan. 31
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 577,821 577,550 573,706
U.S. government
securities(2)
2 Bought outright--
System account(3) 516,288 516,988 516,799
3 Held under repurchase
agreements 0 0 0
Federal agency
obligations
4 Bought outright 130 130 130
5 Held under repurchase
agreements 0 0 0
6 Repurchase
agreements--
triparty(4) 24,228 22,429 18,986
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 4 79 12
9 Seasonal credit 26 23 31
10 Special Liquidity
Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float 731 1,172 675
13 Other Federal Reserve
assets 36,415 36,730 37,072
14 Gold stock 11,046 11,046 11,046
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency
outstanding 31,793(r) 31,841(r) 31,888(r)
ABSORBING RESERVE FUNDS
17 Currency in circulation 584,339(r) 580,581(r) 578,487(r)
18 Reverse repurchase
agreements--
triparty(4) 0 0 0
19 Treasury cash holdings 456 445 455
Deposits, other than
reserve balance
with Federal
Reserve Banks
20 Treasury 6,529 7,078 8,903
21 Foreign 106 85 110
22 Service-related balances
and adjustments 6,632 6,948(r) 6,578(r)
23 Other 199 267 277
24 Other Federal Reserve
liabilities
and capital 18,265 18,248 18,198
25 Reserve balances with
Federal Reserve
Banks(5) 6,333 8,984(r) 5,832(r)
Average of daily figures for
week ending on date
indicated
Factor 2001
Feb. 7 Feb. 14 Feb. 21 Feb. 28
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 572,082 572,626 577,131 575,091
U.S. government
securities(2)
2 Bought outright--
System account(3) 515,579 515,909 519,669 520,739
3 Held under repurchase
agreements 0 0 0 0
Federal agency
obligations
4 Bought outright 121 110 81 10
5 Held under repurchase
agreements 0 0 0 0
6 Repurchase
agreements--
triparty(4) 18,921 17,757 21,976 17,685
7 Acceptances 0 0 0 0
Loans to depository
institutions
8 Adjustment credit 6 24 13 72
9 Seasonal credit 19 23 17 17
10 Special Liquidity
Facility credit 0 0 0 0
11 Extended credit 0 0 0 0
12 Float 623 1,543 955 1,802
13 Other Federal Reserve
assets 36,814 37,260 34,421 34,766
14 Gold stock 11,046 11,046 11,046 11,046
15 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
16 Treasury currency
outstanding 31,902 31,916 31,930 31,944
ABSORBING RESERVE FUNDS
17 Currency in circulation 579,960 581,796 584,023 583,909
18 Reverse repurchase
agreements--
triparty(4) 0 0 0 0
19 Treasury cash holdings 478 485 488 489
Deposits, other than
reserve balance
with Federal
Reserve Banks
20 Treasury 4,849 5,023 4,836 4,868
21 Foreign 89 79 107 100
22 Service-related balances
and adjustments 6,448 6,533 6,531 6,623
23 Other 339 323 257 290
24 Other Federal Reserve
liabilities
and capital 18,032 18,232 18,162 18,246
25 Reserve balances with
Federal Reserve
Banks(5) 7,035 5,317 7,903 5,755
End-of-month-figures
Factor 2000 2001
Dec. Jan. Feb.
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 593,092 573,194 578,124
U.S. government
securities(2)
2 Bought outright--
System account(3) 511,703 516,018 519,618
3 Held under repurchase
agreements 0 0 0
Federal agency
obligations
4 Bought outright 130 130 10
5 Held under repurchase
agreements 0 0 0
6 Repurchase
agreements--
triparty(4) 43,375 18,920 23,665
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 33 5 2
9 Seasonal credit 77 30 15
10 Special Liquidity
Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float 901 1,536 1,016
13 Other Federal Reserve
assets 36,873 36,555 33,798
14 Gold stock 11,046 11,046 11,046
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency
outstanding 31,643 31,888(r) 31,944
ABSORBING RESERVE FUNDS
17 Currency in circulation 593,694 579,781(r) 584,987
18 Reverse repurchase
agreements--
triparty(4) 0 0 0
19 Treasury cash holdings 450 477 505
Deposits, other than
reserve balance
with Federal
Reserve Banks
20 Treasury 5,149 5,256 4,956
21 Foreign 216 199 196
22 Service-related balances
and adjustments 7,428 6,578(r) 6,623
23 Other 1,382 306 377
24 Other Federal Reserve
liabilities
and capital 17,962 17,648 17,842
25 Reserve balances with
Federal Reserve
Banks(5) 11,701 8,082(r) 7,830
Wednesday figures
Factor 2001
Jan. 17 Jan. 24 Jan. 31
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 578,853 589,511 573,194
U.S. government
securities(2)
2 Bought outright--
System account(3) 516,778 518,441 516,018
3 Held under repurchase
agreements 0 0 0
Federal agency
obligations
4 Bought outright 130 130 130
5 Held under repurchase
agreements 0 0 0
6 Repurchase
agreements--
triparty(4) 22,520 33,000 18,920
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 1 4 5
9 Seasonal credit 24 24 30
10 Special Liquidity
Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float 2,902 924 1,536
13 Other Federal Reserve
assets 36,498 36,989 36,555
14 Gold stock 11,046 11,046 11,046
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency
outstanding 31,793(r) 31,841(r) 31,888(r)
ABSORBING RESERVE FUNDS
17 Currency in circulation 583,690(r) 580,073(r) 579,781(r)
18 Reverse repurchase
agreements--
triparty(4) 0 0 0
19 Treasury cash holdings 445 451 477
Deposits, other than
reserve balance
with Federal
Reserve Banks
20 Treasury 7,979 7,357 5,256
21 Foreign 103 69 199
22 Service-related balances
and adjustments 6,632 6,948(r) 6,578(r)
23 Other 283 262 306
24 Other Federal Reserve
liabilities
and capital 17,936 17,937 17,648
25 Reserve balances with
Federal Reserve
Banks(5) 6,824 21,501(r) 8,082(r)
Wednesday figures
Factor 2001
Feb. 7 Feb. 14 Feb. 21 Feb. 28
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 579,003 574,244 587,381 578,124
U.S. government
securities(2)
2 Bought outright--
System account(3) 516,486 514,561 521,118 519,618
3 Held under repurchase
agreements 0 0 0 0
Federal agency
obligations
4 Bought outright 110 110 10 10
5 Held under repurchase
agreements 0 0 0 0
6 Repurchase
agreements--
triparty(4) 23,985 17,510 28,765 23,665
7 Acceptances 0 0 0 0
Loans to depository
institutions
8 Adjustment credit 11 11 17 2
9 Seasonal credit 20 24 15 15
10 Special Liquidity
Facility credit 0 0 0 0
11 Extended credit 0 0 0 0
12 Float 1,345 4,463 2,823 1,016
13 Other Federal Reserve
assets 37,046 37,565 34,633 33,798
14 Gold stock 11,046 11,046 11,046 11,046
15 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
16 Treasury currency
outstanding 31,902 31,916 31,930 31,944
ABSORBING RESERVE FUNDS
17 Currency in circulation 582,088 583,458 584,970 584,987
18 Reverse repurchase
agreements--
triparty(4) 0 0 0 0
19 Treasury cash holdings 485 489 487 505
Deposits, other than
reserve balance
with Federal
Reserve Banks
20 Treasury 3,905 6,713 4,100 4,956
21 Foreign 96 72 77 196
22 Service-related balances
and adjustments 6,448 6,533 6,531 6,623
23 Other 335 286 256 377
24 Other Federal Reserve
liabilities
and capital 17,906 17,921 17,935 17,842
25 Reserve balances with
Federal Reserve
Banks(5) 12,888 3,935 18,201 7,830
(1.) Amounts of cash held as reserves are shown in table 1.12, line 2.
(2.) Includes securities loaned--fully guaranteed by U.S. government
securities pledged with Federal Reserve Banks--and excludes securities
sold and scheduled to be bought back under matched sale-purchase
transactions.
(3.) Includes compensation that adjusts for the effects of inflation
on the principal of inflation-indexed securities.
(4.) Cash value of agreements arranged through third-party custodial
banks. These agreements are collateralized by U.S. Government and
federal agency securities.
(5.) Excludes required clearing balances and adjustments to compensate
for float.
1.12 RESERVES AND BORROWINGS Depository Institutions(1)
Millions of dollars
Prorated monthly averages
of biweekly averages
Reserve classification 1998 1999 2000 2000
Dec. Dec. Dec. Aug.(r)
1 Reserve balances with
Reserve Banks(2) 9,026 5,262(r) 7,159(r) 6,933
2 Total vault cash(3) 44,294 60,619 45,120 45,319
3 Applied vault
cash(4) 36,183 36,392 31,381 32,531
4 Surplus vault
Cash(5) 8,111 24,227 13,739 12,788
5 Total reserves(6) 45,209 41,654(r) 38,540(r) 39,464
6 Required reserves 43,695 40,357(r) 37,216(r) 38,460
7 Excess reserve
balances at
Reserve Banks(7) 1,514 1,297(r) 1,325 1,004
8 Total borrowing at
Reserve Banks 117 320 210 579
9 Adjustment 101 179 99 25
10 Seasonal 15 67 111 554
11 Special Liquidity
Facility(8) 0 74 0 0
12 Extended credit(9) 0 0 0 0
Prorated monthly averages
of biweekly averages
Reserve classification 2000
Sept.(r) Oct.(r) Nov.(r) Dec.
1 Reserve balances with
Reserve Banks(2) 6,852 6,778 7,156 7,159(r)
2 Total vault cash(3) 44,807 45,178 44,546 45,120
3 Applied vault
cash(4) 32,316 31,998 31,629 31,381
4 Surplus vault
Cash(5) 12,491 13,180 12,917 13,739
5 Total reserves(6) 39,168 38,776 38,786 38,540(r)
6 Required reserves 38,050 37,629 37,584 37,216(r)
7 Excess reserve
balances at
Reserve Banks(7) 1,119 1,147 1,201 1,325
8 Total borrowing at
Reserve Banks 477 418 283 210
9 Adjustment 50 119 124 99
10 Seasonal 427 299 159 111
11 Special Liquidity
Facility(8) 0 0 0 0
12 Extended credit(9) 0 0 0 0
Prorated monthly Biweekly averages of
averages of daily figures for
biweekly two-week periods ending
averages on dates indicated
Reserve classification 2001 2000
Jan.(r) Feb. Nov. 1(r) Nov. 15
1 Reserve balances with
Reserve Banks(2) 7,190 6,616 6,965 6,709
2 Total vault cash(3) 47,506 48,397 44,523 44,633
3 Applied vault
cash(4) 32,601 32,687 32,180 31,056
4 Surplus vault
Cash(5) 14,905 15,710 12,343 13,577
5 Total reserves(6) 39,791 39,302 39,145 37,765
6 Required reserves 38,538 37,949 37,961 36,763(r)
7 Excess reserve
balances at
Reserve Banks(7) 1,253 1,353 1,184 1,002(r)
8 Total borrowing at
Reserve Banks 73 51 355 190
9 Adjustment 39 30 97 25
10 Seasonal 34 21 259 165
11 Special Liquidity
Facility(8) 0 ... ... ...
12 Extended credit(9) 0 0 0 0
Biweekly averages of daily figures for
two-week periods ending on
dates indicated
Reserve classification 2000 2001
Nov. 29 Dec. 13 Dec. 27 Jan. 10
1 Reserve balances with
Reserve Banks(2) 7,620 7,131 7,208 7,085
2 Total vault cash(3) 44,539 43,452 46,220 46,696
3 Applied vault
cash(4) 32,262(r) 30,255 32,370 31,579
4 Surplus vault
Cash(5) 12,277(r) 13,197 13,850 15,117
5 Total reserves(6) 39,881 37,386 39,578 38,664
6 Required reserves 38,475(r) 36,254(r) 38,124 37,165
7 Excess reserve
balances at
Reserve Banks(7) 1,406(r) 1,132(r) 1,453(r) 1,499
8 Total borrowing at
Reserve Banks 380 159 285 110
9 Adjustment 232 37 169 56
10 Seasonal 148 123 117 55
11 Special Liquidity
Facility(8) ... ... ... ...
12 Extended credit(9) 0 0 0 0
Biweekly averages of daily figures for
two-week periods ending on
dates indicated
Reserve classification 2001
Jan. 24 Feb. 7(r) Feb. 21 Mar. 7
1 Reserve balances with
Reserve Banks(2) 7,656 6,410 6,612 6,829
2 Total vault cash(3) 45,558 52,561 48,505 44,017
3 Applied vault
cash(4) 32,316 34,631 32,303 31,512
4 Surplus vault
Cash(5) 13,243 17,930 16,202 12,505
5 Total reserves(6) 39,972 41,041 38,914 38,341
6 Required reserves 38,866 39,844 37,356 37,242
7 Excess reserve
balances at
Reserve Banks(7) 1,106 1,196 1,559 1,098
8 Total borrowing at
Reserve Banks 66 34 38 95
9 Adjustment 42 9 18 76
10 Seasonal 25 25 20 19
11 Special Liquidity
Facility(8) ... ... ... ...
12 Extended credit(9) 0 0 0 0
(1.) Data in this table also appear in the Board's H.3 (502) weekly
statistical release. For ordering address, see inside front cover. Data
are not break-adjusted or seasonally adjusted.
(2.) Excludes required clearing balances and adjustments to compensate
for float and includes other off-balance-sheet "as-of" adjustments.
(3.) Vault cash eligible to satisfy reserve requirements. It includes
only vault cash held by those banks and thrift institutions that are
not exempt from reserve requirements. Dates refer to the maintenance
periods in which the vault cash can be used to satisfy reserve
requirements.
(4.) All vault cash held during the lagged computation period by
"bound" institutions (that is, those whose required reserves exceed
their vault cash) plus the amount of vault cash applied during the
maintenance period by "nonbound" institutions (that is, those whose
vault cash exceeds their required reserves) to satisfy current
reserve requirements.
(5.) Total vault cash (line 2) less applied vault cash (line 3).
(6.) Reserve balances with Federal Reserve Banks (line 1) plus applied
vault cash (line 3).
(7.) Total reserves (line 5) less required reserves (line 6).
(8.) Borrowing at the discount window under the terms and conditions
established for the Century Date Change Special Liquidity Facility in
effect from October 1, 1999, through April 7, 2000.
(9.) Consists of borrowing at the discount window under the terms and
conditions established for the extended credit program to help
depository institutions deal with sustained liquidity pressures.
Because there is not the same need to repay such borrowing promptly as
with traditional short-term adjustment credit, the money market effect
of extended credit is similar to that of nonborrowed reserves.
1.14 FEDERAL RESERVE BANK INTEREST RATES
Percent per year
Current and previous levels
Adjustment credit(1)
Federal Reserve
Bank
On Effective date Previous rate
4/6/01
Boston 4.50 3/20/01 5.00
New York 4.50 3/20/01 5.00
Philadelphia 4.50 3/20/01 5.00
Cleveland 4.50 3/20/01 5.00
Richmond 4.50 3/20/01 5.00
Atlanta 4.50 3/20/01 5.00
Chicago 4.50 3/20/01 5.00
St. Louis 4.50 3/21/01 5.00
Minneapolis 4.50 3/20/01 5.00
Kansas City 4.50 3/20/01 5.00
Dallas 4.50 3/20/01 5.00
San Francisco 4.50 3/20/01 5.00
Current and previous levels
Seasonal credit(2)
Federal Reserve
Bank
On Effective date Previous rate
4/6/01
Boston 4.95 4/5/01 5.15
New York 4.95 4/5/01 5.15
Philadelphia 4.95 4/5/01 5.15
Cleveland 4.95 4/5/01 5.15
Richmond 4.95 4/5/01 5.15
Atlanta 4.95 4/5/01 5.15
Chicago 4.95 4/5/01 5.15
St. Louis 4.95 4/5/01 5.15
Minneapolis 4.95 4/5/01 5.15
Kansas City 4.95 4/5/01 5.15
Dallas 4.95 4/5/01 5.15
San Francisco 4.95 4/5/01 5.15
Current and previous levels
Extended credit(3)
Federal Reserve
Bank
On Effective date Previous rate
4/6/01
Boston 5.45 4/5/01 5.65
New York 5.45 4/5/01 5.65
Philadelphia 5.45 4/5/01 5.65
Cleveland 5.45 4/5/01 5.65
Richmond 5.45 4/5/01 5.65
Atlanta 5.45 4/5/01 5.65
Chicago 5.45 4/5/01 5.65
St. Louis 5.45 4/5/01 5.65
Minneapolis 5.45 4/5/01 5.65
Kansas City 5.45 4/5/01 5.65
Dallas 5.45 4/5/01 5.65
San Francisco 5.45 4/5/01 5.65
Range of rates for adjustment credit in recent years(4)
Range (or F.R. Bank
Effective date level)--All of
F.R. Banks N.Y.
In effect Dec. 31, 1977 6 6
1978--Jan. 9 6-6.5 6.5
20 6.5 6.5
May 11 6.5-7 7
12 7 7
July 3 7-7.25 7.25
10 7.25 7.25
Aug. 21 7.75 7.75
Sept. 22 8 8
Oct. 16 8-8.5 8.5
20 8.5 8.5
Nov. 1 8.5-9.5 9.5
3 95 9.5
1979--July 20 10 10
Aug. 17 10-10.5 10.5
20 10.5 10.5
Sept. 19 10.5-11 11
21 11 11
Oct. 8 11-12 12
10 12 12
1980--Feb. 15 12-13 13
19 13 13
May 29 12-13 13
30 12 12
June 13 11-12 11
16 11 11
July 28 10-11 10
29 10 10
Sept. 26 11 11
Nov. 17 12 12
Dec. 5 12-13 13
8 13 13
1981--May 5 13-14 14
8 14 14
Nov. 2 13-14 13
6 13 13
Dec. 4 12 12
1982--July 20 11.5-12 11.5
23 11.5 11.5
Aug. 2 11-11.5 11
3 11 11
16 10.5 10.5
27 10-10.5 10
30 10 10
1982--Oct. 12 9.5-10 9.5
13 9.5 9.5
Nov. 22 9-9.5 9
26 9 9
Dec. 14 8.5-9 9
15 8.5-9 8.5
17 8.5 8.5
1984--Apr. 9 8.5-9 9
13 9 9
Nov. 21 8.5-9 8.5
26 8.5 8.5
Dec. 24 8 8
1985--May 20 7.5-8 7.5
24 7.5 7.5
1986--Mar. 7 7-7.5 7
10 7 7
Apr. 21 6.5-7 6.5
23 6.5 6.5
July 11 6 6
Aug. 21 5.5-6 5.5
22 5.5 5.5
1987--Sept. 4 5.5-6 6
11 6 6
1988--Aug. 9 6-6.5 6.5
11 6.5 6.5
1989--Feb. 24 6.5-7 7
27 7 7
1990--Dec. 19 6.5 6.5
1991--Feb. 1 6-6.5 6
4 6 6
Apr. 30 5.5-6 5.5
May 2 5.5 5.5
Sept. 13 5-5.5 5
17 5 5
Nov. 6 4.5-5 4.5
7 4.5 4.5
Dec. 20 3.5-4.5 3.5
24 3.5 3.5
1992--July 2 3-3.5 3
7 3 3
1994--May 17 3-3.5 3.5
18 3.5 3.5
Aug. 16 3.5-4 4
18 4 4
Nov. 15 4-4.75 4.75
17 4.75 4.75
1995--Feb. 1 4.75-5.25 5.25
9 5.25 5.25
1996--Jan. 31 5.00-5.25 5.00
Feb. 5 5.00 5.00
1998--Oct. 15 4.75-5.00 4.75
16 4.75 4.75
Nov. 17 4.50-4.75 4.50
19 5.00 4.50
1999--Aug. 24 4.50-4.75 4.75
26 4.75 4.75
Nov. 16 4.75-5.00 4.75
18 5.00 5.00
2000--Feb. 2 5.00-5.25 5.25
4 5.25 5.25
Mar. 21 5.25-5.50 5.50
23 5.50 5.50
May 16 5.50-6.00 5.50
19 6.00 6.00
2001--Jan. 3 5.75-6.00 5.75
4 5.50-5.75 5.50
5 5.50 5.50
31 5.00-5.50 5.00
Feb. 1 5.00 5.00
Mar. 20 4.50-5.00 4.50
21 4.50 4.50
In effect Apr. 6, 2001 4.50 4.50
(1.) Available on a short-term basis to help depository institutions
meet temporary needs for funds that cannot be met through reasonable
alternative sources. The highest rate established for loans to
depository institutions may be charged on adjustment credit loans of
unusual size that result from a major operating problem at the
borrower's facility.
(2.) Available to help relatively small depository institutions meet
regular seasonal needs for funds that arise from a clear pattern of
intrayearly movements in their deposits and loans and that cannot be
met through special industry lenders. The discount rate on seasonal
credit takes into account rates charged by market sources of funds
and ordinarily is reestablished on the first business day of each
two-week reserve maintenance period; however, it is never less than
the discount rate applicable to adjustment credit.
(3.) May be made available to depository institutions when similar
assistance is not reasonably available from other sources, including
special industry lenders. Such credit may be provided when exceptional
circumstances (including sustained deposit drains, impaired access to
money market funds, or sudden deterioration in loan repayment
performance) or practices involve only a particular institution, or to
meet the needs of institutions experiencing difficulties adjusting to
changing market conditions over a longer period (particularly at times
of deposit disintermediation). The discount rate applicable to
adjustment credit ordinarily is charged on extended-credit loans
outstanding less than thirty days; however, at the discretion
of the Federal Reserve Bank, this time period may be shortened. Beyond
this initial period, a flexible rate somewhat above rates charged on
market sources of funds is charged. The rate ordinarily is
reestablished on the first business day of each two-week reserve
maintenance period, but it is never less than the discount rate
applicable to adjustment credit plus 50 basis points.
(4.) For earlier data, see the following publications of the Board
of Governors: Banking and Monetary Statistics, 1914-1941, and
1941-1970; and the Annual Statistical Digest, 1970-1979.
In 1980 and 1981, the Federal Reserve applied a surcharge to
short-term adjustment-credit borrowings by institutions with deposits
of $500 million or more that had borrowed in successive weeks or in
more than four weeks in a calendar quarter. A 3 percent surcharge was
in effect from Mar. 17, 1980, through May 7, 1980. A surcharge of 2
percent was reimposed on Nov. 17, 1980; the surcharge was subsequently
raised to 3 percent on Dec. 5, 1980, and to 4 percent on May 5, 1981.
The surcharge was reduced to 3 percent effective Sept. 22, 1981, and
to 2 percent effective Oct. 12, 1981. As of Oct. 1, 1981, the formula
for applying the surcharge was changed from a calendar quarter to a
moving thirteen-week period. The surcharge was eliminated on Nov.
17, 1981.
1.15 RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS(1)
Requirement
Type of deposit
Percentage of Effective date
deposits
Net transaction accounts(2)
1 $0 million-$42.8 million(3) 3 12/28/00
2 More than $42.8 million 10 12/28/00
3 Nonpersonal time deposits(5) 0 12/27/90
4 Eurocurrency liabilities(6) 0 12/27/90
(1.) Required reserves must be held in the form of deposits with
Federal Reserve Banks or vault cash. Nonmember institutions may
maintain reserve balances with a Federal Reserve Bank indirectly,
on a pass-through basis, with certain approved institutions. For
previous reserve requirements, see earlier editions of the Annual
Report or the Federal Reserve Bulletin. Under the Monetary Control
Act of 1980, depository institutions include commercial banks, savings
banks, savings and loan associations, credit unions, agencies and
branches of foreign banks, and Edge Act corporations.
(2.) Transaction accounts include all deposits against which the
account holder is permitted to make withdrawals by negotiable or
transferable instruments, payment orders of withdrawal, or telephone
or preauthorized transfers for the purpose of making payments to third
persons or others. However, accounts subject to the rules that permit
no more than six preauthorized, automatic, or other transfers per
month (of which no more than three may be by check, draft, debit card,
or similar order payable directly to third parties) are savings
deposits, not transaction accounts,
(3.) The Monetary Control Act of 1980 requires that the amount of
transaction accounts against which the 3 percent reserve requirement
applies be modified annually by 80 percent of the percentage change in
transaction accounts held by all depository institutions, determined
as of June 30 of each year. Effective with the reserve maintenance
period beginning December 28, 2000, for depository institutions that
report weekly, and with the period beginning January 18, 2001, for
institutions that report quarterly, the amount was decreased from
$44.3 million to $42.8 million.
Under the Garn-St Germain Depository Institutions Act of 1982, the
Board adjusts the amount of reservable liabilities subject to a zero
percent reserve requirement each year for the succeeding calendar year
by 80 percent of the percentage increase in the total reservable
liabilities of all depository institutions, measured on an annual
basis as of June 30. No corresponding adjustment is made in the
event of a decrease. The exemption applies only to accounts that would
be subject to a 3 percent reserve requirement. Effective with the
reserve maintenance period beginning December 28, 2000, for depository
institutions that report weekly, and with the period beginning January
18, 2001, for institutions that report quarterly, the exemption was
raised from $5.0 million to $5.5 million.
(4.) The reserve requirement was reduced from 12 percent to 10 percent
on Apr. 2, 1992, for institutions that report weekly, and on Apr. 16,
1992, for institutions that report quarterly.
(5.) For institutions that report weekly, the reserve requirement on
nonpersonal time deposits with an original maturity of less than 1.5
years was reduced from 3 percent to 1.5 percent for the maintenance
period that began Dec. 13, 1990, and to zero for the maintenance
period that began Dec. 27, 1990. For institutions that report
quarterly, the reserve requirement on nonpersonal time deposits with
an original maturity of less than 1.5 years was reduced from 3 percent
to zero on Jan. 17, 1991.
The reserve requirement on nonpersonal time deposits with an original
maturity of 1.5 years or more has been zero since Oct. 6, 1983.
(6.) The reserve requirement on eurocurrency liabilities was reduced
from 3 percent to zero in the same manner and on the same dates as the
reserve requirement on nonpersonal time deposits with an original
maturity of less than 1.5 years (see note 5).
1.17 FEDERAL RESERVE OPEN MARKET TRANSACTIONS(1)
Millions of dollars
Type of transaction 1998 1999 2000
and maturity
U.S. TREASURY
SECURITIES(2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 3,550 0 8,676
2 Gross sales 0 0 0
3 Exchanges 450,835 464,218 477,904
4 For new bills 450,835 464,218 477,904
5 Redemptions 2,000 0 24,522
Others within one year
6 Gross purchases 6,297 11,895 8,809
7 Gross sales 0 0 0
8 Maturity shifts 46,062 50,590 62,025
9 Exchanges -49,434 -53,315 -54,656
10 Redemptions 2,676 1,429 3,779
One to five years
11 Gross purchases 12,901 19,731 14,482
12 Gross sales 0 0 0
13 Maturity shifts -37,777 -44,032 -52,068
14 Exchanges 37,154 42,604 46,177
Five to ten years
15 Gross purchases 2,294 4,303 5,871
16 Gross sales 0 0 0
17 Maturity shifts -5,908 -5,841 -6,801
18 Exchanges 7,439 7,583 6,585
More than ten years
19 Gross purchases 4,884 9,428 5,833
20 Gross sales 0 0 0
21 Maturity shifts -2,377 -717 -3,155
22 Exchanges 4,842 3,139 1,894
All maturities
23 Gross purchases 29,926 45,357 43,670
24 Gross sales 0 0 0
25 Redemptions 4,676 1,429 28,301
Matched transactions
26 Gross purchases 4,430,457 4,413,430 4,399,257
27 Gross sales 4,434,358 4,431,685 4,381,188
Repurchase agreements
28 Gross purchases 512,671 281,599 0
29 Gross sales 514,186 301,273 0
30 Net change in U.S.
Treasury securities 19,835 5,999 33,439
FEDERAL AGENCY
OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0
32 Gross sales 25 0 0
33 Redemptions 322 157 51
Repurchase agreements
34 Gross purchases 284,316 360,069 0
35 Gross sales 276,266 370,772 0
36 Net change in federal
agency obligations 7,703 -10,859 -51
Reverse repurchase
agreements
37 Gross purchases 0 0 0
38 Gross sales 0 0 0
Repurchase agreements
39 Gross purchases 0 304,989 890,236
40 Gross sales 0 164,349 987,501
41 Net change in triparty
obligations 0 140,640 -97,265
42 Total net change in System
Open Market Account 27,538 135,780 -63,877
2000
Type of transaction
and maturity
July Aug. Sept.
U.S. TREASURY
SECURITIES(2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 1,825 531 231
2 Gross sales 0 0 0
3 Exchanges 33,718 42,797 37,006
4 For new bills 33,718 42,797 37,006
5 Redemptions 4,902 3,438 3,898
Others within one year
6 Gross purchases 1,284 2,770 716
7 Gross sales 0 0 0
8 Maturity shifts 5,152 7,040 0
9 Exchanges -3,333 -7,396 0
10 Redemptions 367 887 0
One to five years
11 Gross purchases 2,259 2,508 2,385
12 Gross sales 0 0 0
13 Maturity shifts -5,152 -3,439 0
14 Exchanges 3,333 5,418 0
Five to ten years
15 Gross purchases 0 1,914 448
16 Gross sales 0 0 0
17 Maturity shifts 0 -3,601 0
18 Exchanges 0 1,254 0
More than ten years
19 Gross purchases 500 727 547
20 Gross sales 0 0 0
21 Maturity shifts 0 0 0
22 Exchanges 0 724 0
All maturities
23 Gross purchases 5,868 8,450 4,326
24 Gross sales 0 0 0
25 Redemptions 5,269 4,325 3,898
Matched transactions
26 Gross purchases 344,935 381,349 335,321
27 Gross sales 344,384 381,475 334,530
Repurchase agreements
28 Gross purchases 0 0 0
29 Gross sales 0 0 0
30 Net change in U.S.
Treasury securities 1,150 3,999 1,219
FEDERAL AGENCY
OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0
32 Gross sales 0 0 0
33 Redemptions 0 0 10
Repurchase agreements
34 Gross purchases 0 0 0
35 Gross sales 0 0 0
36 Net change in federal
agency obligations 0 0 -10
Reverse repurchase
agreements
37 Gross purchases 0 0 0
38 Gross sales 0 0 0
Repurchase agreements
39 Gross purchases 66,485 47,265 66,080
40 Gross sales 75,925 46,230 67,285
41 Net change in triparty
obligations -9,440 1,035 -1,205
42 Total net change in System
Open Market Account -8,290 5,034 4
2000 2001
Type of transaction
and maturity
Oct. Nov. Dec. Jan.
U.S. TREASURY
SECURITIES(2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 779 2,507 509 520
2 Gross sales 0 0 0 0
3 Exchanges 38,142 45,182 39,428 40,769
4 For new bills 38,142 45,182 39,428 40,769
5 Redemptions 2,656 1,021 1,145 228
Others within one year
6 Gross purchases 0 580 1,420 0
7 Gross sales 0 0 0 0
8 Maturity shifts 8,663 7,957 0 5,405
9 Exchanges -6,608 -7,012 0 -6,667
10 Redemptions 787 780 0 2,422
One to five years
11 Gross purchases 734 1,332 1,045 925
12 Gross sales 0 0 0 0
13 Maturity shifts -8,663 -5,997 0 -5,405
14 Exchanges 6,608 5,737 0 6,667
Five to ten years
15 Gross purchases 0 510 771 1,283
16 Gross sales 0 0 0 0
17 Maturity shifts 0 -699 0 0
18 Exchanges 0 1,275 0 0
More than ten years
19 Gross purchases 982 0 0 296
20 Gross sales 0 0 0 0
21 Maturity shifts 0 -1,261 0 0
22 Exchanges 0 0 0 0
All maturities
23 Gross purchases 2,495 4,929 3,745 3,024
24 Gross sales 0 0 0 0
25 Redemptions 3,443 1,802 1,145 2,650
Matched transactions
26 Gross purchases 344,920 351,391 345,680 356,250
27 Gross sales 346,428 351,232 348,917 352,336
Repurchase agreements
28 Gross purchases 0 0 0 0
29 Gross sales 0 0 0 0
30 Net change in U.S.
Treasury securities -2,457 3,286 -637 4,289
FEDERAL AGENCY
OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0 0
32 Gross sales 0 0 0 0
33 Redemptions 0 0 0 0
Repurchase agreements
34 Gross purchases 0 0 0 0
35 Gross sales 0 0 0 0
36 Net change in federal
agency obligations 0 0 0 0
Reverse repurchase
agreements
37 Gross purchases 0 0 0 0
38 Gross sales 0 0 0 0
Repurchase agreements
39 Gross purchases 64,428 87,125 95,470 104,930
40 Gross sales 62,308 79,295 79,365 129,385
41 Net change in triparty
obligations 2,120 7,830 16,105 -24,455
42 Total net change in System
Open Market Account -337 11,116 15,468 -20,166
(1.) Sales, redemptions, and negative figures reduce holdings of the
System Open Market Account; all other figures increase such holdings.
(2.) Transactions exclude changes in compensation for the effects of
inflation on the principal of inflation-indexed securities.
1.18 FEDERAL RESERVE BANKS Condition and Federal Reserve
Note Statements(1)
Millions of dollars
Wednesday
Account
2001
Jan. 31 Feb. 7 Feb. 14
Consolidated condition statement
ASSETS
1 Gold certificate
account 11,046 11,046 11,046
2 Special drawing
rights certificate
account 2,200 2,200 2,200
3 Coin 1,066 1,095 1,120
Loans
4 To depository
institutions 35 31 35
5 Other 0 0 0
6 Acceptances held
under repurchase
agreements 0 0 0
Triparty Obligations
7 Repurchase
agreements--
triparty(2) 18,920 23,985 17,510
Federal agency
obligations(3)
8 Bought outright 130 110 110
9 Held under repurchase
agreements 0 0 0
10 Total U.S. Treasury
securities(3) 516,018 516,486 514,561
11 Bought outright(4) 516,018 516,486 514,561
12 Bills 182,949 183,417 179,718
13 Notes 239,725 239,724 240,940
14 Bonds 93,345 93,345 93,904
15 Held under repurchase
agreements 0 0 0
16 Total loans and
securities 535,103 540,611 532,216
17 Items in process of
collection 10,023 10,270 13,497
18 Bank premises 1,467 1,468 1,469
Other assets
19 Denominated in
foreign
currencies(5) 15,495 15,502 15,509
20 All other(6) 19,673 20,115 20,662
21 Total assets 596,072 602,308 597,719
LIABILITIES
22 Federal Reserve notes 549,436 551,766 553,151
23 Reverse repurchase
agreements--
triparty(2) 0 0 0
24 Total deposits 21,182 24,283 18,996
25 Depository
institutions 15,420 19,947 11,925
26 U.S. Treasury--
General account 5,256 3,905 6,713
27 Foreign--Official
accounts 199 96 72
28 Other 306 335 286
29 Deferred credit
items 7,806 8,353 7,651
30 Other liabilities and
accrued
dividends(7) 3,960 3,996 3,980
31 Total liabilities 582,384 588,397 583,778
CAPITAL ACCOUNTS
32 Capital paid in 7,014 7,016 7,012
33 Surplus 6,265 6,299 6,333
34 Other capital
accounts 409 595 595
35 Total liabilities and
capital accounts 596,072 602,308 597,719
MEMO
36 Marketable U.S.
Treasury
securities
held in custody
foreign and
international
accounts n.a. n.a. n.a.
Federal Reserve note statement
37 Federal Reserve notes
outstanding
(issued to Banks) 746,920 746,182 745,878
38 LESS: Held by
Federal
Reserve Banks 197,484 194,416 192,727
39 Federal Reserve
notes, net 549,436 551,766 553,151
Collateral held
against notes, net
40 Gold certificate
account 11,046 11,046 11,046
41 Special drawing rights
certificate
account 2,200 2,200 2,200
42 Other eligible assets 1,122 0 7,724
43 U.S. Treasury and
agency securities 535,068 538,520 532,181
44 Total collateral 549,436 551,766 553,151
Wednesday End of Month
Account
2001 2000
Feb. 21 Feb. 28 Dec. 31
Consolidated condition statement
ASSETS
1 Gold certificate
account 11,046 11,046 11,046
2 Special drawing
rights certificate
account 2,200 2,200 2,200
3 Coin 1,112 1,115 949
Loans
4 To depository
institutions 32 18 110
5 Other 0 0 0
6 Acceptances held
under repurchase
agreements 0 0 0
Triparty Obligations
7 Repurchase
agreements--
triparty(2) 28,765 23,665 43,375
Federal agency
obligations(3)
8 Bought outright 10 10 130
9 Held under repurchase
agreements 0 0 0
10 Total U.S. Treasury
securities(3) 521,118 519,618 511,703
11 Bought outright(4) 521,118 519,618 511,703
12 Bills 183,912 182,998 178,741
13 Notes 242,437 241,792 240,178
14 Bonds 94,770 94,827 92,784
15 Held under repurchase
agreements 0 0 0
16 Total loans and
securities 549,925 543,311 555,318
17 Items in process of
collection 14,267 9,019 7,105
18 Bank premises 1,469 1,476 1,461
Other assets
19 Denominated in
foreign
currencies(5) 15,516 15,386 15,670
20 All other(6) 17,724 17,534 19,766
21 Total assets 613,259 601,086 613,514
LIABILITIES
22 Federal Reserve notes 554,638 554,662 563,450
23 Reverse repurchase
agreements--
triparty(2) 0 0 0
24 Total deposits 29,427 20,667 25,792
25 Depository
institutions 24,993 15,139 19,045
26 U.S. Treasury--
General account 4,100 4,956 5,149
27 Foreign--Official
accounts 77 196 216
28 Other 256 377 1,382
29 Deferred credit
items 11,259 7,915 6,310
30 Other liabilities and
accrued
dividends(7) 3,907 3,931 4,170
31 Total liabilities 599,231 587,175 599,723
CAPITAL ACCOUNTS
32 Capital paid in 7,014 7,023 6,997
33 Surplus 6,367 6,355 6,794
34 Other capital
accounts 648 534 0
35 Total liabilities and
capital accounts 613,259 601,086 613,514
MEMO
36 Marketable U.S.
Treasury
securities
held in custody
foreign and
international
accounts n.a. n.a. n.a.
Federal Reserve note statement
37 Federal Reserve notes
outstanding
(issued to Banks) 745,316 744,972 751,714
38 LESS: Held by
Federal
Reserve Banks 190,678 190,310 188,264
39 Federal Reserve
notes, net 554,638 554,662 563,450
Collateral held
against notes, net
40 Gold certificate
account 11,046 11,046 11,046
41 Special drawing rights
certificate
account 2,200 2,200 2,200
42 Other eligible assets 0 0 0
43 U.S. Treasury and
agency securities 541,393 541,417 550,205
44 Total collateral 554,638 554,662 563,450
End of month
Account
2001
Jan. 31 Feb. 28
Consolidated condition
statement
ASSETS
1 Gold certificate
account 11,046 11,046
2 Special drawing
rights certificate
account 2,200 2,200
3 Coin 1,066 1,115
Loans
4 To depository
institutions 35 18
5 Other 0 0
6 Acceptances held
under repurchase
agreements 0 0
Triparty Obligations
7 Repurchase
agreements--
triparty(2) 18,920 23,665
Federal agency
obligations(3)
8 Bought outright 130 10
9 Held under repurchase
agreements 0 0
10 Total U.S. Treasury
securities(3) 516,018 519,618
11 Bought outright(4) 516,018 519,618
12 Bills 182,949 182,998
13 Notes 239,725 241,492
14 Bonds 93,345 94,827
15 Held under repurchase
agreements 0 0
16 Total loans and
securities 535,103 543,311
17 Items in process of
collection 10,023 9,019
18 Bank premises 1,467 1,476
Other assets
19 Denominated in
foreign
currencies(5) 15,495 15,386
20 All other(6) 19,673 17,534
21 Total assets 596,072 601,086
LIABILITIES
22 Federal Reserve notes 549,436 554,662
23 Reverse repurchase
agreements--
triparty(2) 0 0
24 Total deposits 21,182 20,667
25 Depository
institutions 15,420 15,139
26 U.S. Treasury--
General account 5,256 4,956
27 Foreign--Official
accounts 199 196
28 Other 306 377
29 Deferred credit
items 7,806 7,915
30 Other liabilities and
accrued
dividends(7) 3,960 3,731
31 Total liabilities 582,384 587,175
CAPITAL ACCOUNTS
32 Capital paid in 7,014 7,023
33 Surplus 6,265 6,355
34 Other capital
accounts 409 534
35 Total liabilities and
capital accounts 596,072 601,086
MEMO
36 Marketable U.S.
Treasury
securities
held in custody
foreign and
international
accounts n.a. n.a.
Federal Reserve note
statement
37 Federal Reserve notes
outstanding
(issued to Banks) 746,920 744,972
38 LESS: Held by
Federal
Reserve Banks 197,484 190,310
39 Federal Reserve
notes, net 549,436 554,662
Collateral held
against notes, net
40 Gold certificate
account 11,046 11,046
41 Special drawing rights
certificate
account 2,200 2,200
42 Other eligible assets 1,122 0
43 U.S. Treasury and
agency securities 535,068 541,417
44 Total collateral 549,436 554,662
(1.) Some of the data in this table also appear in the Board's H.4.1
(503) weekly statistical release. For ordering address, see inside
front cover.
(2.) Cash value of agreements arranged through third-party custodial
banks.
(3.) Face value of the securities.
(4.) Includes securities loaned--fully guaranteed by U.S. Treasury
securities pledged with Federal Reserve Banks--and includes
compensation that adjusts for the effects of inflation on the principal
of inflation-indexed securities. Excludes securities sold and scheduled
to be bought back under matched sale-purchase transactions.
(5.) Valued monthly at market exchange rates.
(6.) Includes special investment account at the Federal Reserve Bank of
Chicago in Treasury bills maturing within ninety days.
(7.) Includes exchange-translation account reflecting the monthly
revaluation at market exchange rates of foreign exchange commitments.
1.19 FEDERAL RESERVE BANKS Maturity Distribution of
Loan and Security Holding
Millions of dollars
Wednesday
Type of holding and maturity 2001
Jan. 24 Feb. 7 Feb. 14
1 Total loans 28 31 35
2 Within fifteen days(1) 0 17 35
3 Sixteen days to ninety days 0 14 0
4 91 days to 1 year 0 0 0
5 Total U.S. Treasury securities(2) 518,441 516,486 514,561
6 Within fifteen days(1) 22,272 17,723 22,050
7 Sixteen days to ninety days 111,129 115,089 112,965
8 Ninety-one days to one year 124,918 125,624 120,844
9 One year to five years 132,160 130,088 130,246
10 Five years to ten years 56,750 56,750 56,749
11 More than ten years 71,212 71,212 71,707
12 Total federal agency obligations 130 110 110
13 Within fifteen days(1) 0 0 0
14 Sixteen days to ninety days 0 0 0
15 Ninety-one days to one year 0 0 0
16 One year to five years 130 110 110
17 Five years to ten years 0 0 0
18 More than ten years 0 0 0
Wednesday End of month
Type of holding and maturity 2001 2000
Feb. 21 Feb. 28 Dec. 31
1 Total loans 32 18 110
2 Within fifteen days(1) 32 16 96
3 Sixteen days to ninety days 0 2 14
4 91 days to 1 year 0 0 0
5 Total U.S. Treasury securities(2) 521,118 519,618 511,702
6 Within fifteen days(1) 17,859 12,450 18,053
7 Sixteen days to ninety days 118,796 116,644 108,961
8 Ninety-one days to one year 121,988 128,775 125,539
9 One year to five years 134,991 134,268 132,792
10 Five years to ten years 54,894 54,893 55,461
11 More than ten years 72,589 72,589 70,896
12 Total federal agency obligations 10 10 130
13 Within fifteen days(1) 0 0 0
14 Sixteen days to ninety days 0 0 0
15 Ninety-one days to one year 0 0 0
16 One year to five years 10 10 130
17 Five years to ten years 0 0 0
18 More than ten years 0 0 0
End of month
Type of holding and maturity 2001
Jan. 31 Feb. 28
1 Total loans 35 18
2 Within fifteen days(1) 30 16
3 Sixteen days to ninety days 5 2
4 91 days to 1 year 0 0
5 Total U.S. Treasury securities(2) 516,018 519,618
6 Within fifteen days(1) 20,921 12,450
7 Sixteen days to ninety days 112,430 116,644
8 Ninety-one days to one year 124,617 128,775
9 One year to five years 130,088 134,268
10 Five years to ten years 56,750 54,893
11 More than ten years 71,212 72,589
12 Total federal agency obligations 130 10
13 Within fifteen days(1) 0 0
14 Sixteen days to ninety days 0 0
15 Ninety-one days to one year 0 0
16 One year to five years 130 10
17 Five years to ten years 0 0
18 More than ten years 0 0
(1.) Holdings under repurchase agreements are classified as maturing
within fifteen days in accordance with maximum maturity of the
agreements.
(2.) Includes compensation that adjusts for the effects of inflation on
the principal of inflation-indexed securities.
1.20 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE(1)
Billions of dollars, averages of daily figures
1997 1998 1999
Item Dec. Dec. Dec.(r)
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS(2)
1 Total reserves(3) 46.85(r) 45.18(r) 41.78
2 Nonborrowed reserves(4) 46.52(r) 45.07 41.46
3 Nonborrowed reserves plus
extended credit(5) 46.52(r) 45.07 41.46
4 Required reserves 45.16(r) 43.67(r) 40.48
5 Monetary base(6) 479.47(r) 513.49(r) 593.09
Not seasonally adjusted
6 Total reserves(7) 48.01 45.31 41.89
7 Nonborrowed reserves 47.69 45.19 41.57
8 Nonborrowed reserves plus
extended credit(5) 47.69 45.19 41.57
9 Required reserves(8) 46.33 43.80 40.59
10 Monetary base(9) 484.98 518.27 600.72
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS(10)
11 Total reserves(11) 47.92 45.21 41.65
12 Nonborrowed reserves 47.60 45.09 41.33
13 Nonborrowed reserves plus
extended credit(5) 47.60 45.09 41.33
14 Required reserves 46.24 43.70 40.36
15 Monetary base(12) 491.79 525.06 608.02
16 Excess reserves(13) 1.69 1.51 1.30
17 Borrowings from the
Federal Reserve .32 .12 .32
2000(r)
2000
Item Dec.(r)
July Aug.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS(2)
1 Total reserves(3) 38.51 40.12 39.64
2 Nonborrowed reserves(4) 38.30 39.56 39.06
3 Nonborrowed reserves plus
extended credit(5) 38.30 39.56 39.06
4 Required reserves 37.18 38.98 38.64
5 Monetary base(6) 583.97 576.96 577.53
Not seasonally adjusted
6 Total reserves(7) 38.60 39.93 39.51
7 Nonborrowed reserves 38.39 39.36 38.93
8 Nonborrowed reserves plus
extended credit(5) 38.39 39.36 38.93
9 Required reserves(8) 37.27 38.79 38.51
10 Monetary base(9) 590.20 577.49 576.66
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS(10)
11 Total reserves(11) 38.54 39.88 39.46
12 Nonborrowed reserves 38.33 39.32 38.89
13 Nonborrowed reserves plus
extended credit(5) 38.33 39.32 38.89
14 Required reserves 37.22 38.74 38.46
15 Monetary base(12) 597.12 584.28 583.40
16 Excess reserves(13) 1.33 1.14 1.00
17 Borrowings from the
Federal Reserve .21 .57 .58
2000(r)
Item
Sept. Oct. Nov.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS(2)
1 Total reserves(3) 39.39 39.02 39.02
2 Nonborrowed reserves(4) 38.91 38.60 38.74
3 Nonborrowed reserves plus
extended credit(5) 38.91 38.60 38.74
4 Required reserves 38.27 37.87 37.82
5 Monetary base(6) 578.34 579.70 581.40
Not seasonally adjusted
6 Total reserves(7) 39.22 38.84 38.85
7 Nonborrowed reserves 38.75 38.42 38.56
8 Nonborrowed reserves plus
extended credit(5) 38.75 38.42 38.56
9 Required reserves(8) 38.11 37.69 37.65
10 Monetary base(9) 576.84 578.29 582.36
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS(10)
11 Total reserves(11) 39.17 38.78 38.79
12 Nonborrowed reserves 38.69 38.36 38.50
13 Nonborrowed reserves plus
extended credit(5) 38.69 38.36 38.50
14 Required reserves 38.05 37.63 37.58
15 Monetary base(12) 583.52 585.01 589.12
16 Excess reserves(13) 1.12 1.15 1.20
17 Borrowings from the
Federal Reserve .48 .42 .28
2000(r) 2001
Item
Dec. Jan.(r) Feb.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS(2)
1 Total reserves(3) 38.51 38.83 38.82
2 Nonborrowed reserves(4) 38.30 38.75 38.77
3 Nonborrowed reserves plus
extended credit(5) 38.30 38.75 38.77
4 Required reserves 37.18 37.57 37.47
5 Monetary base(6) 583.97 589.40 591.03
Not seasonally adjusted
6 Total reserves(7) 38.60 39.78 39.33
7 Nonborrowed reserves 38.39 39.70 39.28
8 Nonborrowed reserves plus
extended credit(5) 38.39 39.70 39.28
9 Required reserves(8) 37.27 38.52 37.98
10 Monetary base(9) 590.20 591.49 588.94
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS(10)
11 Total reserves(11) 38.54 39.79 39.30
12 Nonborrowed reserves 38.33 39.72 39.25
13 Nonborrowed reserves plus
extended credit(5) 38.33 39.72 39.25
14 Required reserves 37.22 38.54 37.95
15 Monetary base(12) 597.12 598.37 595.49
16 Excess reserves(13) 1.33 1.25 1.35
17 Borrowings from the
Federal Reserve .21 .07 .05
(1.) Latest monthly and biweekly figures are available from the Board's
H.3 (502) weekly statistical release. Historical data starting in 1959
and estimates of the effect on required reserves of changes in reserve
requirements are available from the Money and Reserves Projections
Section, Division of Monetary Affairs, Board of Governors of the
Federal Reserve System, Washington, DC 20551.
(2.) Figures reflect adjustments for discontinuities, or "breaks,"
associated with regulatory changes in reserve requirements.
(See also table 1.10.)
(3.) Seasonally adjusted, break-adjusted total reserves equal
seasonally adjusted, break-adjusted required reserves (line 4)
plus excess reserves (line 16).
(4.) Seasonally adjusted, break-adjusted nonborrowed reserves equal
seasonally adjusted, break-adjusted total reserves (line 1) less
total borrowings of depository institutions from the Federal
Reserve (line 17).
(5.) Extended credit consists of borrowing at the discount window
under the terms and conditions established for the extended credit
program to help depository institutions deal with sustained liquidity
pressures. Because there is not the same need to repay such
borrowing promptly as with traditional short-term adjustment
credit, the money market effect of extended credit is similar to
that of nonborrowed reserves.
(6.) The seasonally adjusted, break-adjusted monetary base consists
of (1) seasonally adjusted, break-adjusted total reserves (line 1),
plus (2) the seasonally adjusted currency component of the money
stock, plus (3) (for all quarterly reporters on the "Report of
Transaction Accounts, Other Deposits and Vault Cash" and for all
those weekly reporters whose vault cash exceeds their required
reserves) the seasonally adjusted, break-adjusted difference between
current vault cash and the amount applied to satisfy current reserve
requirements.
(7.) Break-adjusted total reserves equal break-adjusted required
reserves (line 9) plus excess reserves (line 16).
(8.) To adjust required reserves for discontinuities that are due to
regulatory changes in reserve requirements, a multiplicative procedure
is used to estimate what required reserves would have been in past
periods had current reserve requirements been in effect. Break-adjusted
required reserves include required reserves against transactions
deposits and nonpersonal time and savings deposits (but not reservable
nondeposit liabilities).
(9.) The break-adjusted monetary base equals (1) break-adjusted total
reserves (line 6), plus (2) the (unadjusted) currency component of the
money stock, plus (3) (for all quarterly reporters on the "Report of
Transaction Accounts, Other Deposits and Vault Cash" and for all
those weekly reporters whose vault cash exceeds their required
reserves) the break-adjusted difference between current vault cash
and the amount applied to satisfy current reserve requirements.
(10.) Reflects actual reserve requirements, including those on
nondeposit liabilities, with no adjustments to eliminate the effects
of discontinuities associated with regulatory changes in reserve
requirements.
(11.) Reserve balances with Federal Reserve Banks plus vault cash used
to satisfy reserve requirements.
(12.) The monetary base, not break-adjusted and not seasonally
adjusted, consists of (1) total reserves (line 11), plus (2) required
clearing balances and adjustments to compensate for float at Federal
Reserve Banks, plus (3) the currency component of the money stock,
plus (4) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly
reporters whose vault cash exceeds their required reserves) the
difference between current vault cash and the amount applied to
satisfy current reserve requirements. Since February 1984, currency
and vault cash figures have been measured over the computation
periods ending on Mondays.
(13.) Unadjusted total reserves (line 11) less unadjusted required
reserves (line 14).
1.21 MONEY STOCK AND DEBT MEASURES1
Billions of dollars, averages of daily figures
1997 1998
Item Dec. Dec.
Seasonally adjusted
Measures(2)
1 M1 1,073.4 1,097.0
2 M2 4,030.4(r) 4,383.4(r)
3 M3 5,427.8(r) 6,027.3(r)
4 Debt 15,223.0(r) 16,277.8(r)
M1 components
5 Currency(3) 424.3 459.2
6 Travelers checks(4) 8.1 8.2
7 Demand deposits(5) 395.4 379.4
8 Other checkable deposits(6) 245.7 250.1
Nontransaction components
9 In M2(7) 2,957.0(r) 3,286.4(r)
10 In M3 only(8) 1,397.4(r) 1,643.9(r)
Commercial banks
11 Savings deposits, including MMDAs 1,021.1 1,185.8
12 Small time deposits(9) 625.5 626.4
13 Large time deposits(l0, 11) 517.6(r) 575.4(r)
Thrift institutions
14 Savings deposits, including MMDAs 376.8 414.1
15 Small time deposits(9) 342.9 325.8
16 Large time deposits(10) 85.5 88.7
Money market mutual funds
17 Retail 590.6(r) 734.3(r)
18 Institution-only 390.0(r) 530.4(r)
Repurchase agreements and eurodollars
19 Repurchase agreements(12) 254.3(r) 297.5(r)
20 Eurodollars 150.0 151.8
Debt components
21 Federal debt 3,800.6 3,751.2
22 Nonfederal debt 11,422.5 12,526.6(r)
Not seasonally adjusted
Measures(2)
23 M1 1,096.9 1,120.4
24 M2 4,051.8 4,405.7(r)
25 M3 5,453.1 6,059.4(r)
26 Debt 15,218.8 16,273.1(r)
M1 components
27 Currency(3) 428.1 463.3
28 Travelers checks(4) 8.3 8.4
29 Demand deposits(5) 412.4 395.9
30 Other checkable deposits(6) 248.2 252.8
Nontransaction components
31 In M2(7) 2,954.9 3,285.3(r)
32 In M3 only(8) 1,401.3 1,653.7(r)
Commercial banks
33 Savings deposits, including MMDAs 1,020.4 1,186.0
34 Small time deposits(9) 625.3 626.5
35 Large time deposits(10, 11) 517.0(r) 574.8(r)
Thrift institutions
36 Savings deposits, including MMDAs 376.5 414.2
37 Small time deposits(9) 342.8 325.8
38 Large time deposits(10) 85.4 88.6
Money market mutual funds
39 Retail 589.9(r)
40 Institution-only 397.0 542.4(r)
Repurchase agreements and eurodollars
41 Repurchase agreements(12) 249.5(r) 293.4(r)
42 Eurodollars(12) 152.3 154.5
Debt components
43 Federal debt 3,805.8 3,754.9
44 Nonfederal debt 11,413.0(r) 12,518.2(r)
1999 2000
Item Dec.(r) Dec.(r)
Seasonally adjusted
Measures(2)
1 M1 1,124.3 1,090.3
2 M2 4,650.0 4,947.3
3 M3 6,526.8 7,095.9
4 Debt 17,379.9 18,304.0
M1 components
5 Currency(3) 516.7 530.1
6 Travelers checks(4) 8.2 8.0
7 Demand deposits(5) 355.6 313.2
8 Other checkable deposits(6) 243.7 239.0
Nontransaction components
9 In M2(7) 3,525.7 3,857.0
10 In M3 only(8) 1,876.8 2,148.6
Commercial banks
11 Savings deposits, including MMDAs 1,287.0 1,420.3
12 Small time deposits(9) 635.2 699.9
13 Large time deposits(l0, 11) 648.6 726.9
Thrift institutions
14 Savings deposits, including MMDAs 449.3 451.7
15 Small time deposits(9) 320.9 346.3
16 Large time deposits(10) 91.3 103.1
Money market mutual funds
17 Retail 833.4 938.8
18 Institution-only 622.4 767.4
Repurchase agreements and eurodollars
19 Repurchase agreements(12) 341.2 360.5
20 Eurodollars 173.3 190.7
Debt components
21 Federal debt 3,660.3 3,400.5
22 Nonfederal debt 13,719.6 14,903.5
Not seasonally adjusted
Measures(2)
23 M1 1,147.8 1,114.6
24 M2 4,674.0 4,976.0
25 M3 6,564.2 7,140.9
26 Debt 17,375.3 18,296.1
M1 components
27 Currency(3) 521.5 535.4
28 Travelers checks(4) 8.4 8.1
29 Demand deposits(5) 371.2 328.6
30 Other checkable deposits(6) 246.6 242.5
Nontransaction components
31 In M2(7) 3,526.3 3,861.4
32 In M3 only(8) 1,890.2 2,164.9
Commercial banks
33 Savings deposits, including MMDAs 1,288.5 1,425.0
34 Small time deposits(9) 635.4 700.1
35 Large time deposits(10, 11) 648.0 726.2
Thrift institutions
36 Savings deposits, including MMDAs 449.8 453.2
37 Small time deposits(9) 321.0 346.4
38 Large time deposits(10) 91.2 103.0
Money market mutual funds
39 Retail 831.5 936.6
40 Institution-only 637.3 785.3
Repurchase agreements and eurodollars
41 Repurchase agreements(12) 337.7 357.5
42 Eurodollars(12) 176.0 193.0
Debt components
43 Federal debt 3,663.2 3,403.5
44 Nonfederal debt 13,712.1 14,892.6
2000(r)
Item
Nov. Dec.
Seasonally adjusted
Measures(2)
1 M1 1,088.5 1,090.3
2 M2 4,908.0 4,947.3
3 M3 7,015.0 7,095.9
4 Debt 18,216.5 18,304.0
M1 components
5 Currency(3) 527.7 530.1
6 Travelers checks(4) 8.0 8.0
7 Demand deposits(5) 314.8 313.2
8 Other checkable deposits(6) 238.0 239.0
Nontransaction components
9 In M2(7) 3,819.5 3,857.0
10 In M3 only(8) 2,107.0 2,148.6
Commercial banks
11 Savings deposits, including MMDAs 1,401.3 1,420.3
12 Small time deposits(9) 694.4 699.9
13 Large time deposits(l0, 11) 703.9 726.9
Thrift institutions
14 Savings deposits, including MMDAs 455.2 451.7
15 Small time deposits(9) 344.7 346.3
16 Large time deposits(10) 103.7 103.1
Money market mutual funds
17 Retail 923.8 938.8
18 Institution-only 751.8 767.4
Repurchase agreements and eurodollars
19 Repurchase agreements(12) 356.8 360.5
20 Eurodollars 190.9 190.7
Debt components
21 Federal debt 3,419.3 3,400.5
22 Nonfederal debt 14,797.2 14,903.5
Not seasonally adjusted
Measures(2)
23 M1 1,094.7 1,114.6
24 M2 4,900.2 4,976.0
25 M3 7,010.6 7,140.9
26 Debt 18,191.7 18,296.1
M1 components
27 Currency(3) 528.3 535.4
28 Travelers checks(4) 8.2 8.1
29 Demand deposits(5) 320.1 328.6
30 Other checkable deposits(6) 238.0 242.5
Nontransaction components
31 In M2(7) 3,805.5 3,861.4
32 In M3 only(8) 2,110.5 2,164.9
Commercial banks
33 Savings deposits, including MMDAs 1,397.1 1,425.0
34 Small time deposits(9) 695.8 700.1
35 Large time deposits(10, 11) 705.0 726.2
Thrift institutions
36 Savings deposits, including MMDAs 453.8 453.2
37 Small time deposits(9) 345.4 346.4
38 Large time deposits(10) 103.9 103.0
Money market mutual funds
39 Retail 913.4 936.6
40 Institution-only 755.5 785.3
Repurchase agreements and eurodollars
41 Repurchase agreements(12) 356.0 357.5
42 Eurodollars(12) 190.1 193.0
Debt components
43 Federal debt 3,401.2 3,403.5
44 Nonfederal debt 14,790.5 14,892.6
2001
Item
Jan.(r) Feb.
Seasonally adjusted
Measures(2)
1 M1 1,101.2 1,101.2
2 M2 4,998.2 5,043.0
3 M3 7,190.8 7,260.7
4 Debt 18,362.0 n.a.
M1 components
5 Currency(3) 534.5 537.3
6 Travelers checks(4) 8.1 8.0
7 Demand deposits(5) 317.0 314.7
8 Other checkable deposits(6) 241.7 241.1
Nontransaction components
9 In M2(7) 3,897.0 3,941.8
10 In M3 only(8) 2,192.6 2,217.7
Commercial banks
11 Savings deposits, including MMDAs 1,435.9 1,464.4
12 Small time deposits(9) 702.8 699.4
13 Large time deposits(l0, 11) 740.2 715.6
Thrift institutions
14 Savings deposits, including MMDAs 452.4 462.8
15 Small time deposits(9) 350.5 352.5
16 Large time deposits(10) 106.1 106.7
Money market mutual funds
17 Retail 955.4 962.7
18 Institution-only 801.0 859.0
Repurchase agreements and eurodollars
19 Repurchase agreements(12) 357.3 348.3
20 Eurodollars 188.0 188.1
Debt components
21 Federal debt 3,380.4 n.a.
22 Nonfederal debt 14,981.6 n.a.
Not seasonally adjusted
Measures(2)
23 M1 1,104.4 1,088.6
24 M2 5,007.6 5,041.8
25 M3 7,220.9 7,295.6
26 Debt 18,359.7 n.a.
M1 components
27 Currency(3) 532.3 535.9
28 Travelers checks(4) 8.2 8.2
29 Demand deposits(5) 317.0 305.7
30 Other checkable deposits(6) 243.9 238.9
Nontransaction components
31 In M2(7) 3,906.2 3,953.3
32 In M3 only(8) 2,213.4 2,253.8
Commercial banks
33 Savings deposits, including MMDAs 1,433.6 1,456.1
34 Small time deposits(9) 704.1 701.7
35 Large time deposits(10, 11) 733.9 716.1
Thrift institutions
36 Savings deposits, including MMDAs 451.7 460.2
37 Small time deposits(9) 351.1 353.7
38 Large time deposits(10) 105.2 106.8
Money market mutual funds
39 Retail 965.7 981.5
40 Institution-only 827.8 889.0
Repurchase agreements and eurodollars
41 Repurchase agreements(12) 356.7 352.8
42 Eurodollars(12) 189.8 189.2
Debt components
43 Federal debt 3,373.2 n.a.
44 Nonfederal debt 14,986.5 n.a.
NOTES TO TABLE 1.21
(1.) Latest monthly and weekly figures are available from the Board's
H.6 (508) weekly statistical release. Historical data starting in 1959
are available from the Money and Reserves Projections Section, Division
of Monetary Affairs, Board of Governors of the Federal Reserve
System, Washington, DC 20551.
(2.) Composition of the money stock measures and debt is as follows:
MI: (1) currency outside the U.S. Treasury, Federal Reserve Banks,
and the vaults of depository institutions; (2) travelers checks of
nonbank issuers; (3) demand deposits at all commercial banks other
than those owed to depository institutions, the U.S. government, and
foreign banks and official institutions, less cash items in the
process of collection and Federal Reserve float; and (4) other
checkable deposits (OCDs), consisting of negotiable order of
withdrawal (NOW) and automatic transfer service (ATS) accounts
at depository institutions, credit union share draft accounts, and
demand deposits at thrift institutions. Seasonally adjusted MI is
computed by summing currency, travelers checks, demand deposits, and
OCDs, each seasonally adjusted separately.
M2: M1 plus (1) savings deposits (including MMDAs), (2)
small-denomination time deposits (time deposits--including retail
RPs--in amounts of less than $100,000), and (3) balances in retail
money market mutual funds. Excludes individual retirement accounts
(IRAs) and Keogh balances at depository institutions and money
market funds. Seasonally adjusted M2 is calculated by summing savings
deposits, small-denomination time deposits, and retail money fund
balances, each seasonally adjusted separately, and adding this result
to seasonally adjusted M1.
M3: M2 plus (1) large-denomination time deposits (in amounts of
$100,000 or more) issued by all depository institutions, (2) balances
in institutional money funds, (3) RP liabilities (overnight and term)
issued by all depository institutions, and (4) eurodollars (overnight
and term) held by U.S. residents at foreign branches of U.S. banks
worldwide and at all banking offices in the United Kingdom and Canada.
Excludes amounts held by depository institutions, the U.S. government,
money market funds, and foreign banks and official institutions.
Seasonally adjusted M3 is calculated by summing large time deposits,
institutional money fund balances, RP liabilities, and eurodollars,
each seasonally adjusted separately, and adding this result to
seasonally adjusted M2.
Debt: The debt aggregate is the outstanding credit market debt of
the domestic nonfinancial sectors--the federal sector (U.S. government,
not including government-sponsored enterprises or federally related
mortgage pools) and the nonfederal sectors (state and local
governments, households and nonprofit organizations, nonfinancial
corporate and nonfarm noncorporate businesses, and farms). Nonfederal
debt consists of mortgages, tax-exempt and corporate bonds, consumer
credit, bank loans, commercial paper, and other loans. The data,
which are derived from the Federal Reserve Board's flow of funds
accounts, are break-adjusted (that is, discontinuities in the data
have been smoothed into the series) and month-averaged (that is,
the data have been derived by averaging adjacent month-end levels).
(3.) Currency outside the U.S. Treasury, Federal Reserve Banks,
and vaults of depository institutions.
(4.) Outstanding amount of U.S. dollar-denominated travelers checks
of nonbank issuers. Travelers checks issued by depository
institutions are included in demand deposits.
(5.) Demand deposits at commercial banks and foreign-related
institutions other than those owed to depository institutions,
the U.S. government, and foreign banks and official institutions,
less cash items in the process of collection and Federal Reserve float.
(6.) Consists of NOW and ATS account balances at all depository
institutions, credit union share draft account balances, and demand
deposits at thrift institutions.
(7.) Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances.
(8.) Sum of (1) large time deposits, (2) institutional money fund
balances, (3) RP liabilities (overnight and term) issued by depository
institutions, and (4) eurodollars (overnight and term) of U.S.
addressees.
(9.) Small time deposits--including retail RPs--are those issued in
amounts of less than $100,000. All IRAs and Keogh accounts at
commercial banks and thrift institutions are subtracted from small
time deposits.
(10.) Large time deposits are those issued in amounts of $100,000
or more, excluding those booked at international banking facilities.
(11.) Large time deposits at commercial banks less those held by
money market funds, depository institutions, the U.S. government,
and foreign banks and official institutions.
(12.) Includes both overnight and term.
1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities(1)
A. All commercial banks
Billions of dollars
Monthly averages
Account 2000 2000(r)
Feb. Aug.
Seasonally adjusted
Assets
1 Bank credit 4,839.9(r) 5,122.7
2 Securities in bank credit 1,272.5(r) 1,321.1
3 U.S. government securities 816.1(r) 813.5
4 Other securities 456.4(r) 507.6
5 Loans and leases in bank credit(2) 3,567.4 3,801.7
6 Commercial and industrial 1,024.7 1,081.3
7 Real estate 1,508.2 1,624.5
8 Revolving home equity 106.2 120.6
9 Other 1,402.0 1,503.9
10 Consumer 500.8 528.7
11 Security(3) 142.8 158.2
12 Other loans and leases 390.8 408.9
13 Interbank loans 225.0 247.6
14 Cash assets(4) 291.1(r) 270.7
15 Other assets(5) 359.7 395.8
16 Total assets(6) 5,656.7(r) 5,974.8
Liabilities
17 Deposits 3,512.1 3,753.4
18 Transaction 648.0 617.1
19 Nontransaction 2,864.1 3,136.2
20 Large time 846.4 931.1
21 Other 2,017.7 2,205.2
22 Borrowings 1,141.3 1,228.0
23 From banks in the U.S. 367.2 389.4
24 From others 774.2 838.6
25 Net due to related foreign offices 231.3 269.7
26 Other liabilities 298.6 312.2
27 Total liabilities 5,183.4 5,563.3
28 Residual (assets less liabilities)(7) 473.3(r) 411.5
Not seasonally
adjusted
Assets
29 Bank credit 4,842.5(r) 5,093.9
30 Securities in bank credit 1,276.6(r) 1,308.3
31 U.S. government securities 820.0(r) 804.6
32 Other securities 456.6(r) 503.7
33 Loans and leases in bank credit(2) 3,565.9 3,785.6
34 Commercial and industrial 1,025.3 1,071.0
35 Real estate 1,505.1 1,624.6
36 Revolving home equity 105.9 120.8
37 Other 1,399.2 1,503.8
38 Consumer 502.9 527.6
39 Credit cards and related plans n.a. 204.4
40 Other n.a. 323.2
41 Security(3) 144.4 153.1
42 Other loans and leases 388.3 409.4
43 Interbank loans 226.4 237.6
44 Cash assets(4) 291.6(r) 258.3
45 Other assets(5) 362.0 394.1
46 Total assets(6) 5,663.6(r) 5,921.8
Liabilities
47 Deposits 3,511.0 3,721.1
48 Transaction 640.7 601.5
49 Nontransaction 2,870.2 3,119.6
50 Large time 859.1 914.1
51 Other 2,011.2 2,205.5
52 Borrowings 1,145.5 1,200.7
53 From banks in the US 368.8 385.0
54 From others 776.8 815.7
55 Net due to related foreign offices 245.8 267.0
56 Other liabilities 301.0 311.7
57 Total liabilities 5,203.2 5,500.6
58 Residual (assets less liabilities)(7) 460.3(r) 421.2
Monthly averages
Account 2000(r)
Sept. Oct.
Seasonally adjusted
Assets
1 Bank credit 5,170.9 5,150.1
2 Securities in bank credit 1,331.7 1,310.0
3 U.S. government securities 808.1 794.4
4 Other securities 523.6 515.6
5 Loans and leases in bank credit(2) 3,839.2 3,840.0
6 Commercial and industrial 1,081.1 1,081.2
7 Real estate 1,635.4 1,635.2
8 Revolving home equity 122.4 125.3
9 Other 1,513.0 1,509.9
10 Consumer 532.0 532.2
11 Security(3) 178.8 176.5
12 Other loans and leases 411.9 414.8
13 Interbank loans 240.0 248.1
14 Cash assets(4) 268.1 266.8
15 Other assets(5) 396.1 418.0
16 Total assets(6) 6,012.7 6,020.9
Liabilities
17 Deposits 3,771.1 3,784.2
18 Transaction 609.6 612.5
19 Nontransaction 3,161.5 3,171.7
20 Large time 920.5 914.7
21 Other 2,241.0 2,257.1
22 Borrowings 1,220.8 1,213.7
23 From banks in the U.S. 373.9 370.2
24 From others 846.9 843.5
25 Net due to related foreign offices 269.2 251.9
26 Other liabilities 331.4 349.8
27 Total liabilities 5,592.4 5,599.7
28 Residual (assets less liabilities)(7) 420.2 421.2
Not seasonally
adjusted
Assets
29 Bank credit 5,157.7 5,163.6
30 Securities in bank credit 1,326.5 1,314.5
31 U.S. government securities 800.1 789.3
32 Other securities 526.4 525.2
33 Loans and leases in bank credit(2) 3,831.2 3,849.2
34 Commercial and industrial 1,077.0 1,082.0
35 Real estate 1,635.8 1,640.9
36 Revolving home equity 123.2 125.9
37 Other 1,512.7 1,515.0
38 Consumer 532.8 529.9
39 Credit cards and related plans 208.1 206.9
40 Other 324.6 323.1
41 Security(3) 171.9 180.3
42 Other loans and leases 413.7 415.9
43 Interbank loans 233.5 241.9
44 Cash assets(4) 263.8 267.8
45 Other assets(5) 394.6 410.8
46 Total assets(6) 5,986.9 6,022.0
Liabilities
47 Deposits 3,755.0 3,777.3
48 Transaction 603.3 604.5
49 Nontransaction 3,151.7 3,172.8
50 Large time 909.5 912.0
51 Other 2,242.1 2,260.9
52 Borrowings 1,216.5 1,215.6
53 From banks in the US 373.5 369.3
54 From others 842.9 846.3
55 Net due to related foreign offices 264.2 253.0
56 Other liabilities 330.7 348.8
57 Total liabilities 5,566.3 5,594.7
58 Residual (assets less liabilities)(7) 420.6 427.3
Monthly averages
Account 2000(r)
Nov. Dec.
Seasonally averages
Assets
1 Bank credit 5,162.3 5,225.5
2 Securities in bank credit 1,303.0 1,335.5
3 U.S. government securities 784.3 786.5
4 Other securities 518.6 549.1
5 Loans and leases in bank credit(2) 3,859.3 3,889.9
6 Commercial and industrial 1,082.5 1,091.5
7 Real estate 1,646.6 1,653.3
8 Revolving home equity 127.0 128.5
9 Other 1,519.7 1,524.9
10 Consumer 535.3 536.7
11 Security(3) 178.1 186.5
12 Other loans and leases 416.8 421.9
13 Interbank loans 247.2 252.8
14 Cash assets(4) 254.4 266.1
15 Other assets(5) 407.5 407.3
16 Total assets(6) 6,009.0 6,088.2
Liabilities
17 Deposits 3,772.1 3,848.5
18 Transaction 597.8 596.8
19 Nontransaction 3,174.3 3,251.7
20 Large time 911.8 929.2
21 Other 2,262.5 2,322.5
22 Borrowings 1,209.9 1,241.4
23 From banks in the U.S. 365.8 393.0
24 From others 844.1 848.3
25 Net due to related foreign offices 241.5 224.3
26 Other liabilities 350.0 348.4
27 Total liabilities 5,573.5 5,662.7
28 Residual (assets less liabilities)(7) 435.6 425.5
Not seasonally
adjusted
Assets
29 Bank credit 5,193.3 5,259.0
30 Securities in bank credit 1,317.9 1,345.3
31 U.S. government securities 786.9 788.2
32 Other securities 531.0 557.1
33 Loans and leases in bank credit(2) 3,875.4 3,913.8
34 Commercial and industrial 1,086.7 1,094.1
35 Real estate 1,654.6 1,658.6
36 Revolving home equity 127.5 128.9
37 Other 1,527.1 1,529.6
38 Consumer 534.3 542.6
39 Credit cards and related plans 210.3 219.4
40 Other 324.0 323.2
41 Security(3) 180.4 190.7
42 Other loans and leases 419.3 427.8
43 Interbank loans 252.1 260.2
44 Cash assets(4) 262.3 285.0
45 Other assets(5) 404.5 407.2
46 Total assets(6) 6,049.7 6,147.8
Liabilities
47 Deposits 3,801.5 3,889.6
48 Transaction 605.4 627.9
49 Nontransaction 3,196.1 3,261.7
50 Large time 922.6 945.5
51 Other 2,273.5 2,316.2
52 Borrowings 1,219.0 1,252.1
53 From banks in the US 369.3 398.8
54 From others 849.7 853.4
55 Net due to related foreign offices 246.6 230.7
56 Other liabilities 351.1 350.9
57 Total liabilities 5,618.3 5,723.3
58 Residual (assets less liabilities)(7) 431.4 424.5
Monthly averages
Account 2001
Jan.(r) Feb.
Seasonally adjusted
Assets
1 Bank credit 5,265.0 5,287.9
2 Securities in bank credit 1,357.3 1,354.4
3 U.S. government securities 786.9 775.2
4 Other securities 570.3 579.2
5 Loans and leases in bank credit(2) 3,907.8 3,933.5
6 Commercial and industrial 1,106.4 1,114.7
7 Real estate 1,652.3 1,665.3
8 Revolving home equity 129.5 131.0
9 Other 1,522.8 1,534.3
10 Consumer 539.0 539.9
11 Security(3) 184.2 183.8
12 Other loans and leases 425.9 429.7
13 Interbank loans 270.2 264.2
14 Cash assets(4) 273.7 263.6
15 Other assets(5) 421.9 421.0
16 Total assets(6) 6,166.5 6,172.0
Liabilities
17 Deposits 3,891.3 3,904.3
18 Transaction 606.6 602.6
19 Nontransaction 3,284.7 3,301.7
20 Large time 943.2 936.7
21 Other 2,341.6 2,365.0
22 Borrowings 1,270.8 1,270.2
23 From banks in the U.S. 404.3 403.2
24 From others 866.4 866.9
25 Net due to related foreign offices 223.0 212.2
26 Other liabilities 367.7 349.5
27 Total liabilities 5,752.8 5,736.1
28 Residual (assets less liabilities)(7) 413.7 435.9
Not seasonally
adjusted
Assets
29 Bank credit 5,288.9 5,287.6
30 Securities in bank credit 1,366.6 1,358.0
31 U.S. government securities 788.6 779.2
32 Other securities 578.1 578.8
33 Loans and leases in bank credit(2) 3,922.2 3,929.6
34 Commercial and industrial 1,103.8 1,114.7
35 Real estate 1,656.4 1,661.7
36 Revolving home equity 129.8 130.6
37 Other 1,526.6 1,531.0
38 Consumer 545.1 541.1
39 Credit cards and related plans 219.8 214.8
40 Other 325.4 326.3
41 Security(3) 188.6 185.7
42 Other loans and leases 428.4 426.4
43 Interbank loans 271.2 266.1
44 Cash assets(4) 287.3 264.6
45 Other assets(5) 420.4 423.2
46 Total assets(6) 6,203.8 6,176.7
Liabilities
47 Deposits 3,903.4 3,903.2
48 Transaction 617.0 596.0
49 Nontransaction 3,286.4 3,307.2
50 Large time 956.1 949.9
51 Other 2,330.3 2,357.3
52 Borrowings 1,288.3 1,272.5
53 From banks in the US 407.3 402.9
54 From others 881.0 869.6
55 Net due to related foreign offices 225.5 225.6
56 Other liabilities 369.2 351.8
57 Total liabilities 5,786.4 5,753.1
58 Residual (assets less liabilities)(7) 417.4 423.7
Wednesday figures
Account 2001
Feb. 7 Feb. 14
Seasonally adjusted
Assets
1 Bank credit 5,268.0 5,273.2
2 Securities in bank credit 1,350.6 1,355.2
3 U.S. government securities 775.3 780.2
4 Other securities 575.2 574.9
5 Loans and leases in bank credit(2) 3,917.4 3,918.0
6 Commercial and industrial 1,114.0 1,111.0
7 Real estate 1,659.4 1,660.5
8 Revolving home equity 130.4 130.7
9 Other 1,528.9 1,529.8
10 Consumer 538.7 540.8
11 Security(3) 176.4 179.1
12 Other loans and leases 428.9 426.5
13 Interbank loans 267.8 254.3
14 Cash assets(4) 264.2 249.2
15 Other assets(5) 411.7 414.6
16 Total assets(6) 6,147.0 6,126.6
Liabilities
17 Deposits 3,882.7 3,887.7
18 Transaction 577.5 588.3
19 Nontransaction 3,305.2 3,299.4
20 Large time 939.9 937.6
21 Other 2,365.4 2,361.8
22 Borrowings 1,267.8 1,274.6
23 From banks in the U.S. 405.2 401.0
24 From others 862.6 873.6
25 Net due to related foreign offices 223.3 188.3
26 Other liabilities 351.1 348.5
27 Total liabilities 5,724.9 5,699.1
28 Residual (assets less liabilities)(7) 422.1 427.4
Not seasonally
adjusted
Assets
29 Bank credit 5,276.7 5,278.6
30 Securities in bank credit 1,358.8 1,360.2
31 U.S. government securities 780.0 783.9
32 Other securities 578.8 576.3
33 Loans and leases in bank credit(2) 3,917.9 3,918.4
34 Commercial and industrial 1,112.0 1,111.2
35 Real estate 1,660.3 1,659.8
36 Revolving home equity 130.3 130.5
37 Other 1,530.0 1,529.2
38 Consumer 541.0 542.3
39 Credit cards and related plans 213.4 215.4
40 Other 327.6 327.0
41 Security(3) 178.6 181.3
42 Other loans and leases 426.0 423.8
43 Interbank loans 269.9 258.4
44 Cash assets(4) 252.3 250.1
45 Other assets(5) 414.4 416.4
46 Total assets(6) 6,148.8 6,138.9
Liabilities
47 Deposits 3,880.5 3,891.8
48 Transaction 563.1 584.6
49 Nontransaction 3,317.4 3,307.2
50 Large time 953.6 950.9
51 Other 2,363.8 2,356.3
52 Borrowings 1,269.8 1,278.7
53 From banks in the US 403.3 401.8
54 From others 866.5 876.9
55 Net due to related foreign offices 227.1 197.3
56 Other liabilities 353.7 350.8
57 Total liabilities 5,731.1 5,718.6
58 Residual (assets less liabilities)(7) 417.7 420.2
Wednesday figures
Account 2001
Feb. 21 Feb. 28
Seasonally adjusted
Assets
1 Bank credit 5,284.6 5,325.8
2 Securities in bank credit 1,353.4 1,358.5
3 U.S. government securities 773.5 771.6
4 Other securities 579.9 586.9
5 Loans and leases in bank credit(2) 3,931.1 3,967.4
6 Commercial and industrial 1,116.1 1,117.6
7 Real estate 1,665.8 1,675.7
8 Revolving home equity 131.2 131.7
9 Other 1,534.6 1,544.0
10 Consumer 542.3 537.8
11 Security(3) 179.6 200.1
12 Other loans and leases 427.4 436.1
13 Interbank loans 262.0 272.6
14 Cash assets(4) 272.2 268.9
15 Other assets(5) 436.5 421.2
16 Total assets(6) 6,190.4 6,223.9
Liabilities
17 Deposits 3,913.0 3,933.6
18 Transaction 616.2 628.3
19 Nontransaction 3,296.7 3,305.3
20 Large time 938.9 930.5
21 Other 2,357.9 2,374.8
22 Borrowings 1,251.6 1,286.6
23 From banks in the U.S. 392.9 413.6
24 From others 858.7 872.9
25 Net due to related foreign offices 217.4 219.8
26 Other liabilities 350.6 347.9
27 Total liabilities 5,732.6 5,787.9
28 Residual (assets less liabilities)(7 457.8 436.1
Not seasonally
adjusted
Assets
29 Bank credit 5,272.2 5,322.8
30 Securities in bank credit 1,352.9 1,360.0
31 U.S. government securities 776.4 776.5
32 Other securities 576.5 583.5
33 Loans and leases in bank credit(2) 3,919.3 3,962.8
34 Commercial and industrial 1,115.2 1,120.6
35 Real estate 1,657.9 1,668.7
36 Revolving home equity 130.6 131.1
37 Other 1,527.3 1,537.6
38 Consumer 543.0 537.9
39 Credit cards and related plans 217.6 212.8
40 Other 325.4 325.0
41 Security(3) 180.0 203.0
42 Other loans and leases 423.1 432.7
43 Interbank loans 260.9 275.0
44 Cash assets(4) 285.6 270.1
45 Other assets(5) 435.9 426.0
46 Total assets(6) 6,190.0 6,229.3
Liabilities
47 Deposits 3,907.9 3,932.5
48 Transaction 613.2 623.0
49 Nontransaction 3,294.7 3,309.5
50 Large time 950.3 944.6
51 Other 2,344.4 2,364.9
52 Borrowings 1,256.0 1,285.4
53 From banks in the US 393.8 412.7
54 From others 862.2 872.7
55 Net due to related foreign offices 238.9 239.1
56 Other liabilities 352.5 350.2
57 Total liabilities 5,755.3 5,807.3
58 Residual (assets less liabilities)(7) 434.7 422.1
B. Domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 2000 2000(r)
Feb. Aug.
Seasonally adjusted
Assets
1 Bank credit 4,296.4(r) 4,535.9
2 Securities in bank credit 1,077.1(r) 1,109.8
3 U.S. government securities 740.1(r) 734.3
4 Other securities 337.0(r) 375.6
5 Loans and leases in bank credit(2) 3,219.3 3,426.1
6 Commercial and industrial 828.2 874.8
7 Real estate 1,491.3 1,606.1
8 Revolving home equity 106.2 120.6
9 Other 1,385.1 1,485.6
10 Consumer 500.8 528.7
11 Security(3) 76.0 76.5
12 Other loans and leases 322.9 339.9
13 Interbank loans 192.3 225.1
14 Cash assets(4) 241.2 226.4
15 Other assets(5) 322.0 354.8
16 Total assets(6) 4,993.3(r) 5,280.6
Liabilities
17 Deposits 3,134.9 3,357.8
18 Transaction 637.1 606.3
19 Nontransaction 2,497.9 2,751.5
20 Large time 479.1 548.8
21 Other 2,018.7 2,202.7
22 Borrowings 965.9 1,029.1
23 From banks in the U.S. 348.7 372.4
24 From others 617.2 656.7
25 Net due to related foreign offices 203.9 246.4
26 Other liabilities 224.4 239.7
27 Total liabilities 4,529.2 4,873.0
28 Residual (assets less liabilities)(7) 464.1(r) 407.6
Not seasonally
adjusted
Assets
29 Bank credit 4,294.8(r) 4,517.0
30 Securities in bank credit 1,079.9(r) 1,102.9
31 U.S. government securities 743.9(r) 727.0
32 Other securities 336.0(r) 375.9
33 Loans and leases in bank credit(2) 3,214.9 3,414.1
34 Commercial and industrial 826.4 867.1
35 Real estate 1,487.9 1,606.4
36 Revolving home equity 105.9 120.8
37 Other 1,382.0 1,485.6
38 Consumer 502.9 527.6
39 Credit cards and related plans n.a. 204.4
40 Other n.a. 323.2
41 Security(3) 77.7 71.2
42 Other loans and leases 320.0 341.8
43 Interbank loans 193.7 215.1
44 Cash assets(4) 242.3 215.6
45 Other assets(5) 322.4 253.8
46 Total assets(6) 4,994.6(r) 5,239.7
Liabilities
47 Deposits 3,126.8 3,337.5
48 Transaction 629.9 590.8
49 Nontransaction 2,496.9 2,746.7
50 Large time 485.7 543.4
51 Other 2,011.2 2,203.3
52 Borrowings 970.1 1,001.8
53 From banks in the U.S. 350.3 368.0
54 From others 619.7 633.8
55 Net due to related foreign offices 216.1 243.8
56 Other liabilities 224.7 239.6
57 Total liabilities 4,537.7 4,822.7
58 Residual (assets less liabilities)(7) 456.9(r) 416.9
Monthly averages
Account 2000(r)
Sept. Oct.
Seasonally adjusted
Assets
1 Bank credit 4,577.1 4,567.4
2 Securities in bank credit 1,122.1 1,115.3
3 U.S. government securities 731.2 724.0
4 Other securities 390.9 391.3
5 Loans and leases in bank credit(2) 3,455.0 3,452.1
6 Commercial and industrial 877.2 879.0
7 Real estate 1,616.5 1,617.5
8 Revolving home equity 122.4 125.3
9 Other 1,494.1 1,492.2
10 Consumer 532.0 532.2
11 Security(3) 84.6 75.0
12 Other loans and leases 344.6 348.3
13 Interbank loans 216.0 221.1
14 Cash assets(4) 223.6 224.4
15 Other assets(5) 356.1 376.5
16 Total assets(6) 5,310.6 5,327.7
Liabilities
17 Deposits 3,383.1 3,401.7
18 Transaction 599.9 602.0
19 Nontransaction 2,783.2 2,799.7
20 Large time 544.8 545.3
21 Other 2,238.4 2,254.4
22 Borrowings 1,005.9 992.0
23 From banks in the U.S. 354.3 350.7
24 From others 651.6 641.3
25 Net due to related foreign offices 244.9 235.3
26 Other liabilities 255.7 269.3
27 Total liabilities 4,889.5 4,898.3
28 Residual (assets less liabilities)(7) 421.1 429.3
Not seasonally
adjusted
Assets
29 Bank credit 4,564.6 4,572.1
30 Securities in bank credit 1,116.7 1,112.2
31 U.S. government securities 725.2 719.3
32 Other securities 391.4 392.9
33 Loans and leases in bank credit(2) 3,447.9 3,459.9
34 Commercial and industrial 873.2 878.4
35 Real estate 1,617.2 1,622.9
36 Revolving home equity 123.2 125.9
37 Other 1,494.0 1,497.0
38 Consumer 532.8 529.9
39 Credit cards and related plans 208.1 206.9
40 Other 324.6 323.1
41 Security(3) 77.9 79.4
42 Other loans and leases 346.9 349.2
43 Interbank loans 209.5 214.9
44 Cash assets(4) 220.1 224.5
45 Other assets(5) 355.2 370.1
46 Total assets(6) 5,287.1 5,319.9
Liabilities
47 Deposits 3,373.3 3,399.2
48 Transaction 593.1 593.8
49 Nontransaction 2,780.2 2,805.4
50 Large time 540.3 546.8
51 Other 2,239.9 2,258.7
52 Borrowings 1,001.5 993.9
53 From banks in the U.S. 353.9 349.8
54 From others 647.6 644.1
55 Net due to related foreign offices 240.6 236.3
56 Other liabilities 255.4 268.9
57 Total liabilities 4,870.8 4,898.2
58 Residual (assets less liabilities)(7) 416.3 421.7
Monthly averages
Account 2000(r)
Nov. Dec.
Seasonally adjusted
Assets
1 Bank credit 4,585.1 4,625.0
2 Securities in bank credit 1,116.5 1,131.5
3 U.S. government securities 717.6 718.4
4 Other securities 398.8 413.1
5 Loans and leases in bank credit(2) 3,468.6 3,493.6
6 Commercial and industrial 880.2 885.9
7 Real estate 1,628.4 1,635.0
8 Revolving home equity 127.0 128.5
9 Other 1,501.4 1,506.5
10 Consumer 535.3 536.7
11 Security(3) 75.3 80.4
12 Other loans and leases 349.4 355.5
13 Interbank loans 220.5 226.0
14 Cash assets(4) 215.5 225.8
15 Other assets(5) 367.6 371.5
16 Total assets(6) 5,326.7 5,385.1
Liabilities
17 Deposits 3,391.0 3,464.9
18 Transaction 587.2 586.5
19 Nontransaction 2,803.8 2,878.4
20 Large time 543.9 559.2
21 Other 2,259.8 2,319.2
22 Borrowings 984.9 998.6
23 From banks in the U.S. 345.8 368.3
24 From others 639.2 630.3
25 Net due to related foreign offices 235.4 226.3
26 Other liabilities 275.3 275.8
27 Total liabilities 4,886.6 4,965.6
28 Residual (assets less liabilities)(7) 440.0 419.5
Not seasonally
adjusted
Assets
29 Bank credit 4,601.8 4,647.6
30 Securities in bank credit 1,120.6 1,137.1
31 U.S. government securities 7,188.0 719.0
32 Other securities 401.8 418.2
33 Loans and leases in bank credit(2) 3,481.2 3,510.5
34 Commercial and industrial 881.0 884.5
35 Real estate 1,636.3 1,640.3
36 Revolving home equity 127.5 128.9
37 Other 1,508.8 1,511.4
38 Consumer 5,343.0 542.6
39 Credit cards and related plans 2,103.0 219.4
40 Other 324.0 323.2
41 Security(3) 78.4 84.2
42 Other loans and leases 351.2 358.9
43 Interbank loans 225.4 233.3
44 Cash assets(4) 221.0 241.3
45 Other assets(5) 364.5 3,692.0
46 Total assets(6) 5,350.6 5,428.2
Liabilities
47 Deposits 3,417.2 3,497.0
48 Transaction 594.7 616.9
49 Nontransaction 2,822.5 2,880.1
50 Large time 551.2 566.1
51 Other 2,271.3 2,314.0
52 Borrowings 994.0 1,009.4
53 From banks in the U.S. 349.3 374.1
54 From others 644.8 635.4
55 Net due to related foreign offices 239.0 227.7
56 Other liabilities 275.3 276.0
57 Total liabilities 4,925.5 5,010.2
58 Residual (assets less liabilities)(7) 425.1 418.0
Monthly averages
Account 2001
Jan.(r) Feb.
Assets
1 Bank credit 4,649.9 4,676.8
2 Securities in bank credit 1,149.7 1,152.1
3 U.S. government securities 720.2 710.8
4 Other securities 429.4 441.3
5 Loans and leases in bank credit(2) 3,500.2 3,524.7
6 Commercial and industrial 893.8 899.0
7 Real estate 1,634.0 1,647.3
8 Revolving home equity 129.5 131.0
9 Other 1,504.4 1,516.3
10 Consumer 539.0 539.9
11 Security(3) 73.9 76.3
12 Other loans and leases 359.5 362.3
13 Interbank loans 241.0 236.0
14 Cash assets(4) 230.4 219.9
15 Other assets(5) 385.0 385.0
16 Total assets(6) 5,442.3 5,453.4
Liabilities
17 Deposits 3,500.1 3,521.1
18 Transaction 596.3 592.9
19 Nontransaction 2,903.8 2,928.2
20 Large time 563.1 564.2
21 Other 2,340.6 2,364.0
22 Borrowings 1,025.5 1,030.2
23 From banks in the U.S. 376.4 378.6
24 From others 649.1 651.6
25 Net due to related foreign offices 218.3 206.1
26 Other liabilities 290.0 271.9
27 Total liabilities 5,033.8 5,029.3
28 Residual (assets less liabilities)(7) 408.5 424.1
Not seasonally
adjusted
Assets
29 Bank credit 4,664.5 4,672.8
30 Securities in bank credit 1,154.0 1,154.7
31 U.S. government securities 721.3 714.8
32 Other securities 432.7 440.0
33 Loans and leases in bank credit(2) 3,510.5 3,518.1
34 Commercial and industrial 889.6 896.5
35 Real estate 1,637.9 1,643.4
36 Revolving home equity 129.8 130.6
37 Other 1,508.0 1,512.7
38 Consumer 545.1 541.1
39 Credit cards and related plans 219.8 214.8
40 Other 325.4 326.3
41 Security(3) 77.7 78.5
42 Other loans and leases 360.2 358.7
43 Interbank loans 242.0 237.9
44 Cash assets(4) 242.1 221.4
45 Other assets(5) 381.8 385.5
46 Total assets(6) 5,466.9 5,453.2
Liabilities
47 Deposits 3,504.0 3,512.3
48 Transaction 606.6 586.4
49 Nontransaction 2,897.4 2,925.9
50 Large time 569.3 570.8
51 Other 2,328.1 2,355.1
52 Borrowings 1,043.0 1,032.5
53 From banks in the U.S. 379.4 378.3
54 From others 663.6 654.2
55 Net due to related foreign offices 218.7 217.6
56 Other liabilities 289.6 272.4
57 Total liabilities 5,055.4 5,034.7
58 Residual (assets less liabilities)(7) 411.5 418.6
Wednesday figures
Account 2001
Feb. 7 Feb. 14
Seasonally adjusted
Assets
1 Bank credit 4,662.8 4,668.6
2 Securities in bank credit 1,151.4 1,154.9
3 U.S. government securities 713.7 716.6
4 Other securities 437.7 438.4
5 Loans and leases in bank credit(2) 3,511.4 3,513.7
6 Commercial and industrial 897.7 897.4
7 Real estate 1,641.3 1,642.5
8 Revolving home equity 130.4 130.7
9 Other 1,510.9 1,511.8
10 Consumer 538.7 540.8
11 Security(3) 72.3 73.4
12 Other loans and leases 361.4 359.5
13 Interbank loans 239.9 229.8
14 Cash assets(4) 221.0 207.4
15 Other assets(5) 376.5 377.6
16 Total assets(6) 5,436.0 5,419.1
Liabilities
17 Deposits 3,498.4 3,506.1
18 Transaction 567.5 578.8
19 Nontransaction 2,930.8 2,927.3
20 Large time 565.5 566.1
21 Other 2,365.3 2,361.2
22 Borrowings 1,038.1 1,032.9
23 From banks in the U.S. 384.2 376.5
24 From others 653.9 656.4
25 Net due to related foreign offices 210.0 189.8
26 Other liabilities 273.3 271.8
27 Total liabilities 5,019.8 5,000.7
28 Residual (assets less liabilities)(7) 416.2 418.4
Not seasonally
adjusted
Assets
29 Bank credit 4,664.9 4,668.2
30 Securities in bank credit 1,155.7 1,157.5
31 U.S. government securities 717.7 720.1
32 Other securities 438.0 437.4
33 Loans and leases in bank credit(2) 3,509.1 3,510.7
34 Commercial and industrial 894.4 894.4
35 Real estate 1,641.9 1,641.5
36 Revolving home equity 130.3 130.5
37 Other 1,511.7 1,510.9
38 Consumer 541.0 542.3
39 Credit cards and related plans 213.4 215.4
40 Other 327.6 327.0
41 Security(3) 74.2 76.2
42 Other loans and leases 357.6 356.3
43 Interbank loans 242.1 233.9
44 Cash assets(4) 209.3 208.4
45 Other assets(5) 377.2 377.6
46 Total assets(6) 5,429.2 5,423.9
Liabilities
47 Deposits 3,487.9 3,503.0
48 Transaction 553.3 575.1
49 Nontransaction 2,934.6 2,927.8
50 Large time 573.1 573.8
51 Other 2,361.6 2,354.1
52 Borrowings 1,040.1 1,037.0
53 From banks in the U.S. 382.3 377.2
54 From others 657.7 659.8
55 Net due to related foreign offices 214.9 196.7
56 Other liabilities 273.9 272.2
57 Total liabilities 5,016.7 5,008.9
58 Residual (assets less liabilities)(7) 412.6 415.0
Wednesday figures
Account 2001
Feb. 21 Feb. 28
Seasonally adjusted
Assets
1 Bank credit 4,674.0 4,701.7
2 Securities in bank credit 1,149.9 1,152.0
3 U.S. government securities 708.5 704.3
4 Other securities 441.4 447.8
5 Loans and leases in bank credit(2) 3,524.2 3,549.7
6 Commercial and industrial 901.4 899.4
7 Real estate 1,647.7 1,657.8
8 Revolving home equity 131.2 131.7
9 Other 1,516.5 1,526.0
10 Consumer 542.3 537.8
11 Security(3) 72.2 87.2
12 Other loans and leases 360.6 367.5
13 Interbank loans 232.5 241.7
14 Cash assets(4) 227.4 224.0
15 Other assets(5) 399.9 386.1
16 Total assets(6) 5,469.3 5,489.2
Liabilities
17 Deposits 3,524.7 3,555.2
18 Transaction 606.8 618.4
19 Nontransaction 2,917.9 2,936.8
20 Large time 561.2 563.9
21 Other 2,356.6 2,372.9
22 Borrowings 1,018.7 1,030.9
23 From banks in the U.S. 373.3 380.3
24 From others 645.5 650.6
25 Net due to related foreign offices 211.0 213.7
26 Other liabilities 272.9 269.5
27 Total liabilities 5,027.3 5,069.3
28 Residual (assets less liabilities)(7) 442.0 419.9
Not seasonally
adjusted
29 Bank credit 4,662.0 4,696.0
30 Securities in bank credit 1,151.0 1,154.5
31 U.S. government securities 711.7 709.5
32 Other securities 439.3 445.1
33 Loans and leases in bank credit2 3,510.9 3,541.5
34 Commercial and industrial 898.0 809.2
35 Real estate 1,639.6 1,650.5
36 Revolving home equity 130.6 131.1
37 Other 1,509.0 1,519.4
38 Consumer 543.0 537.9
39 Credit cards and related plans 217.6 212.8
40 Other 325.4 325.0
41 Security(3) 73.7 89.7
42 Other loans and leases 356.6 364.2
43 Interbank loans 231.4 244.1
44 Cash assets(4) 241.7 226.1
45 Other assets(5) 398.0 389.1
46 Total assets(6) 5,468.7 5,491.1
Liabilities
47 Deposits 3,513.0 3,545.3
48 Transaction 603.7 613.4
49 Nontransaction 2,909.3 2,931.9
50 Large time 567.1 569.3
51 Other 2,342.2 2,362.7
52 Borrowings 1,023.1 1,029.7
53 From banks in the U.S. 374.1 379.5
54 From others 649.0 650.3
55 Net due to related foreign offices 229.7 228.9
56 Other liabilities 273.4 270.1
57 Total liabilities 5,039.2 5,074.0
58 Residual (assets less liabilities)(7) 429.5 417.1
C. Large domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 2000 2000(r)
Feb.(r) Aug.
Seasonally adjusted
Assets
1 Bank credit 2,424.3 2,544.0
2 Securities in bank credit 562.2 579.2
3 U.S. government securities 363.2 362.7
4 Trading account 21.6 23.8
5 Investment account 341.6 339.0
6 Other securities 199.0 216.5
7 Trading account 85.9 102.5
8 Investment account 113.1 113.9
9 State and local government 24.5 25.9
10 Other 88.6 88.1
11 Loans and leases in bank credit(2) 1,862.1 1,964.8
12 Commercial and industrial 568.1 590.7
13 Bankers acceptances 1.0 .9
14 Other 567.1 589.8
15 Real estate 763.9 824.4
16 Revolving home equity 68.1 79.1
17 Other 695.7 745.3
18 Consumer 225.3 233.6
19 Security(3) 69.9 69.5
20 Federal funds sold to and
repurchase agreements
with broker-dealers 47.1 50.7
21 Other 22.8 18.8
22 State and local government 12.4 12.5
23 Agricultural 9.5 9.6
24 Federal funds sold to and
repurchase agreements
with others 13.4 14.1
25 All other loans 81.7 84.3
26 Lease-financing receivables 118.0 126.2
27 Interbank loans 132.7 141.1
28 Federal funds sold to and
repurchase agreements with
commercial banks 62.0 66.9
29 Other 70.8 74.1
30 Cash assets(4) 150.6 145.3
31 Other assets(5) 223.9 246.1
32 Total assets(6) 2,896.7 3,040.9
Liabilities
33 Deposits 1,625.3 1,647.8
34 Transaction 316.5 306.1
35 Nontransaction 1,308.8 1,341.7
36 Large time 234.0 266.9
37 Other 1,074.8 1,074.8
38 Borrowings 633.7 690.9
39 From banks in the U.S. 193.3 208.0
40 From others 440.4 483.0
41 Net due to related foreign offices 203.9 222.7
42 Other liabilities 163.7 193.7
43 Total liabilities 2,626.6 2,755.1
44 Residual (assets less liabilities)(7) 270.0 285.8
Not seasonally
adjusted
Assets
45 Bank credit 2,435.5 2,521.6
46 Securities in bank credit 568.3 572.7
47 U.S. government securities 369.5 356.1
48 Trading account 22.6 23.1
49 Investment account 346.9 333.0
50 Mortgage-backed securities 223.0 208.4
51 Other 123.8 124.6
52 One year or less 28.2 32.5
53 One to five years 56.5 54.2
54 More than five years 39.2 37.9
55 Other securities 198.8 216.6
56 Trading account 85.9 102.5
57 Investment account 112.9 114.1
58 State and local government 24.7 25.6
59 Other 88.2 88.5
60 Loans and leases in bank credit(2) 1,867.3 1,948.9
61 Commercial and industrial 567.4 585.0
62 Bankers acceptances 1.0 0.9
63 Other 566.5 584.0
64 Real estate 765.2 821.9
65 Revolving home equity 68.0 79.3
66 Other 422.9 457.8
67 Commercial 274.2 284.7
68 Consumer 228.3 231.7
69 Credit cards and related plans n.a. 74.3
70 Other n.a. 157.4
71 Security(3) 71.6 64.2
72 Federal funds sold to and
repurchase agreements
with broker-dealers 49.7 45.7
73 Other 22.0 18.5
74 State and local government 12.3 12.7
75 Agricultural 9.2 9.7
76 Federal funds sold to and
repurchase agreements
with others 13.4 14.1
77 All other loans 79.9 84.5
78 Lease-financing receivables 119.9 125.2
79 Interbank loans 133.0 135.1
80 Federal funds sold to and
repurchase agreements
with commercial banks 61.6 63.1
81 Other 71.4 72.0
82 Cash assets(4) 152.2 137.3
83 Other assets(5) 225.1 243.4
84 Total assets(6) 2,911.2 3,001.7
Liabilities
85 Deposits 1,625.6 1,632.1
86 Transaction 313.0 295.0
87 Nontransaction 1,312.6 1,337.1
88 Large time 240.6 261.6
89 Other 1,072.1 1,075.6
90 Borrowings 642.2 660.5
91 From banks in the U.S. 197.5 200.7
92 From nonbanks in the U.S. 444.7 459.8
93 Net due to related foreign offices 216.1 220.1
94 Other liabilities 163.7 193.7
95 Total liabilities 2,647.7 2,706.4
96 Residual (assets less liabilities)(7) 263.5 295.3
Monthly averages
Account 2000(r)
Sept. Oct.
Seasonally adjusted
Assets
1 Bank credit 2,566.9 2,543.8
2 Securities in bank credit 587.2 577.4
3 U.S. government securities 360.8 354.7
4 Trading account 23.3 21.2
5 Investment account 337.5 333.5
6 Other securities 226.4 222.7
7 Trading account 114.5 112.7
8 Investment account 112.0 110.1
9 State and local government 25.8 26.1
10 Other 86.2 83.9
11 Loans and leases in bank credit(2) 1,979.6 1,966.4
12 Commercial and industrial 591.2 591.0
13 Bankers acceptances .9 .8
14 Other 590.3 590.2
15 Real estate 825.4 817.4
16 Revolving home equity 78.0 80.0
17 Other 747.4 737.4
18 Consumer 234.0 234.7
19 Security(3) 77.7 67.9
20 Federal funds sold to and
repurchase agreements
with broker-dealers 58.2 49.1
21 Other 19.5 18.7
22 State and local government 12.6 12.6
23 Agricultural 9.4 9.4
24 Federal funds sold to and
repurchase agreements
with others 16.2 16.9
25 All other loans 86.3 87.6
26 Lease-financing receivables 126.8 128.7
27 Interbank loans 131.5 137.0
28 Federal funds sold to and
repurchase agreements with
commercial banks 57.2 58.3
29 Other 74.3 78.7
30 Cash assets(4) 142.2 142.8
31 Other assets(5) 248.2 263.6
32 Total assets(6) 3,053.1 3,051.8
Liabilities
33 Deposits 1,647.5 1,650.7
34 Transaction 302.2 304.5
35 Nontransaction 1,345.3 1,346.2
36 Large time 258.9 255.8
37 Other 1,086.4 1,090.4
38 Borrowings 673.0 665.9
39 From banks in the U.S. 192.6 196.9
40 From others 480.4 469.0
41 Net due to related foreign offices 224.4 211.9
42 Other liabilities 208.1 216.5
43 Total liabilities 2,752.9 2,744.9
44 Residual (assets less liabilities)(7) 300.2 306.8
Not seasonally
adjusted
Assets
45 Bank credit 2,550.0 2,546.5
46 Securities in bank credit 583.2 576.9
47 U.S. government securities 355.8 352.5
48 Trading account 22.6 21.1
49 Investment account 333.2 331.5
50 Mortgage-backed securities 208.8 210.9
51 Other 124.5 120.6
52 One year or less 33.3 32.0
53 One to five years 53.7 51.6
54 More than five years 37.5 37.0
55 Other securities 227.5 224.4
56 Trading account 114.5 112.7
57 Investment account 113.0 111.7
58 State and local government 25.7 26.1
59 Other 87.3 85.6
60 Loans and leases in bank credit(2) 1,966.7 1,969.6
61 Commercial and industrial 588.8 590.8
62 Bankers acceptances 0.9 .8
63 Other 588.0 589.9
64 Real estate 823.0 819.4
65 Revolving home equity 78.3 80.2
66 Other 460.2 454.2
67 Commercial 284.5 285.0
68 Consumer 233.0 232.7
69 Credit cards and related plans 75.4 76.5
70 Other 157.6 156.2
71 Security(3) 70.9 72.3
72 Federal funds sold to and
repurchase agreements
with broker-dealers 51.8 53.8
73 Other 19.2 18.5
74 State and local government 12.8 12.8
75 Agricultural 9.6 9.6
76 Federal funds sold to and
repurchase agreements
with others 16.2 16.9
77 All other loans 87.1 87.6
78 Lease-financing receivables 125.2 127.5
79 Interbank loans 128.0 131.1
80 Federal funds sold to and
repurchase agreements
with commercial banks 55.5 56.5
81 Other 72.5 74.6
82 Cash assets(4) 139.1 143.1
83 Other assets(5) 247.8 257.2
84 Total assets(6) 3,029.0 3,042.7
Liabilities
85 Deposits 1,639.8 1,645.3
86 Transaction 297.6 298.6
87 Nontransaction 1,342.2 1,346.6
88 Large time 254.4 257.2
89 Other 1,087.8 1,089.4
90 Borrowings 662.9 664.8
91 From banks in the U.S. 188.6 193.4
92 From nonbanks in the U.S. 474.2 471.4
93 Net due to related foreign offices 220.0 212.8
94 Other liabilities 208.1 216.5
95 Total liabilities 2,730.7 2,739.4
96 Residual (assets less liabilities)(7) 298.3 303.3
Monthly averages
Account 2000(r)
Nov. Dec.
Seasonally adjusted
Assets
1 Bank credit 2,542.5 2,561.2
2 Securities in bank credit 573.4 581.3
3 U.S. government securities 348.1 351.3
4 Trading account 20.5 29.1
5 Investment account 327.6 322.2
6 Other securities 225.2 230.0
7 Trading account 116.0 122.0
8 Investment account 109.3 108.0
9 State and local government 26.3 26.7
10 Other 82.9 81.3
11 Loans and leases in bank credit(2) 1,969.1 1,979.9
12 Commercial and industrial 589.2 594.1
13 Bankers acceptances .9 .9
14 Other 588.4 593.3
15 Real estate 820.2 818.7
16 Revolving home equity 81.2 82.1
17 Other 739.0 736.6
18 Consumer 236.3 235.6
19 Security(3) 68.1 72.8
20 Federal funds sold to and
repurchase agreements
with broker-dealers 50.0 56.1
21 Other 18.1 16.7
22 State and local government 12.6 12.4
23 Agricultural 9.5 9.7
24 Federal funds sold to and
repurchase agreements
with others 19.0 20.9
25 All other loans 85.1 86.6
26 Lease-financing receivables 129.1 129.1
27 Interbank loans 140.8 140.5
28 Federal funds sold to and
repurchase agreements with
commercial banks 61.5 64.1
29 Other 79.3 76.3
30 Cash assets(4) 137.6 144.5
31 Other assets(5) 259.8 257.5
32 Total assets(6) 3,045.2 3,067.2
Liabilities
33 Deposits 1,634.6 1,665.3
34 Transaction 294.3 295.3
35 Nontransaction 1,340.2 1,370.0
36 Large time 251.6 261.7
37 Other 1,088.7 1,108.3
38 Borrowings 662.9 671.6
39 From banks in the U.S. 194.3 212.8
40 From others 468.7 458.8
41 Net due to related foreign offices 211.8 205.4
42 Other liabilities 221.1 221.6
43 Total liabilities 2,730.4 2,763.9
44 Residual (assets less liabilities)(7) 314.8 303.3
Not seasonally
adjusted
Assets
45 Bank credit 2,558.8 2.582.0
46 Securities in bank credit 579.1 586.9
47 U.S. government securities 351.1 352.4
48 Trading account 21.8 28.9
49 Investment account 329.4 323.5
50 Mortgage-backed securities 211.2 213.1
51 Other 118.2 110.4
52 One year or less 32.7 31.3
53 One to five years 49.9 45.0
54 More than five years 35.6 34.1
55 Other securities 228.0 234.5
56 Trading account 116.0 122.0
57 Investment account 112.0 112.5
58 State and local government 26.6 26.9
59 Other 85.4 85.6
60 Loans and leases in bank credit(2) 1,979.7 1,995.1
61 Commercial and industrial 591.5 593.2
62 Bankers acceptances .9 .9
63 Other 590.6 592.3
64 Real estate 825.4 824.7
65 Revolving home equity 81.3 82.3
66 Other 457.3 455.7
67 Commercial 286.8 286.7
68 Consumer 234.7 238.2
69 Credit cards and related plans 78.0 82.3
70 Other 156.7 155.9
71 Security(3) 71.2 76.6
72 Federal funds sold to and
repurchase agreements
with broker-dealers 53.6 59.7
73 Other 17.6 16.8
74 State and local government 12.7 12.5
75 Agricultural 9.6 9.7
76 Federal funds sold to and
repurchase agreements
with others 19.0 20.9
77 All other loans 87.7 90.6
78 Lease-financing receivables 127.8 128.7
79 Interbank loans 139.2 141.2
80 Federal funds sold to and
repurchase agreements
with commercial banks 62.2 65.2
81 Other 77.0 76.0
82 Cash assets(4) 139.9 155.3
83 Other assets(5) 255.3 255.7
84 Total assets(6) 3,057.4 3,097.6
Liabilities
85 Deposits 1,647.8 1,688.3
86 Transaction 298.1 314.4
87 Nontransaction 1,349.7 1,373.9
88 Large time 258.8 268.6
89 Other 1,090.9 1,105.4
90 Borrowings 669.9 678.1
91 From banks in the U.S. 196.8 215.8
92 From nonbanks in the U.S. 473.2 462.4
93 Net due to related foreign offices 215.3 206.8
94 Other liabilities 221.1 221.6
95 Total liabilities 2,754.2 2,794.9
96 Residual (assets less liabilities)(7) 303.2 302.7
Monthly averages
Account 2001
Jan.(r) Feb.
Seasonally adjusted
Assets
1 Bank credit 2,568.7 2,584.8
2 Securities in bank credit 592.0 592.4
3 U.S. government securities 353.0 346.1
4 Trading account 33.3 35.9
5 Investment account 319.7 310.2
6 Other securities 239.0 246.3
7 Trading account 127.6 129.3
8 Investment account 111.4 117.0
9 State and local government 27.2 27.4
10 Other 84.2 89.6
11 Loans and leases in bank credit(2) 1,976.7 1,992.4
12 Commercial and industrial 598.8 602.1
13 Bankers acceptances .8 .8
14 Other 598.0 601.3
15 Real estate 815.1 821.9
16 Revolving home equity 82.4 83.4
17 Other 732.7 738.5
18 Consumer 234.7 238.1
19 Security(3) 66.5 68.4
20 Federal funds sold to and
repurchase agreements
with broker-dealers 49.0 51.0
21 Other 17.5 17.4
22 State and local government 12.6 12.7
23 Agricultural 9.8 10.1
24 Federal funds sold to and
repurchase agreements
with others 25.7 26.1
25 All other loans 85.1 84.9
26 Lease-financing receivables 128.3 128.3
27 Interbank loans 153.6 139.1
28 Federal funds sold to and
repurchase agreements with
commercial banks 77.3 70.1
29 Other 76.4 69.0
30 Cash assets(4) 146.6 137.0
31 Other assets(5) 264.5 261.7
32 Total assets(6) 3,096.1 3,084.9
Liabilities
33 Deposits 1,673.6 1,678.1
34 Transaction 300.0 297.6
35 Nontransaction 1,373.6 1,380.5
36 Large time 263.7 258.8
37 Other 1,109.8 1,121.6
38 Borrowings 683.6 687.1
39 From banks in the U.S. 215.9 215.6
40 From others 467.7 471.5
41 Net due to related foreign offices 201.4 189.4
42 Other liabilities 236.0 217.8
43 Total liabilities 2,794.6 2,772.4
44 Residual (assets less liabilities)(7) 301.5 312.5
Not seasonally
adjusted
Assets
45 Bank credit 2,590.3 2,596.7
46 Securities in bank credit 597.7 598.7
47 U.S. government securities 355.8 352.7
48 Trading account 34.5 37.9
49 Investment account 321.3 314.8
50 Mortgage-backed securities 219.5 215.4
51 Other 101.9 99.4
52 One year or less 31.4 33.5
53 One to five years 38.4 37.0
54 More than five years 32.0 28.9
55 Other securities 241.9 246.0
56 Trading account 127.6 129.3
57 Investment account 114.3 116.7
58 State and local government 27.5 27.6
59 Other 86.8 89.1
60 Loans and leases in bank credit(2) 1,992.6 1,998.0
61 Commercial and industrial 595.9 601.3
62 Bankers acceptances .8 .8
63 Other 595.1 600.5
64 Real estate 821.6 823.5
65 Revolving home equity 82.8 83.3
66 Other 454.2 454.2
67 Commercial 284.6 286.0
68 Consumer 240.1 240.7
69 Credit cards and related plans 83.3 83.0
70 Other 156.8 157.7
71 Security(3) 70.3 70.6
72 Federal funds sold to and
repurchase agreements
with broker-dealers 53.4 53.8
73 Other 16.9 16.8
74 State and local government 12.6 12.6
75 Agricultural 9.8 9.8
76 Federal funds sold to and
repurchase agreements
with others 25.7 26.1
77 All other loans 86.2 83.1
78 Lease-financing receivables 130.5 130.2
79 Interbank loans 154.7 139.6
80 Federal funds sold to and
repurchase agreements
with commercial banks 79.2 69.9
81 Other 75.6 69.7
82 Cash assets(4) 156.7 139.0
83 Other assets(5) 264.2 263.8
84 Total assets(6) 3,128.9 3,101.3
Liabilities
85 Deposits 1,684.5 1,679.5
86 Transaction 308.7 294.7
87 Nontransaction 1,375.9 1,384.8
88 Large time 269.9 265.4
89 Other 1,105.9 1,119.4
90 Borrowings 703.7 695.9
91 From banks in the U.S. 220.1 219.9
92 From nonbanks in the U.S. 483.6 476.0
93 Net due to related foreign offices 201.9 200.8
94 Other liabilities 236.0 217.8
95 Total liabilities 2,826.2 2,794.0
96 Residual (assets less liabilities)(7) 302.8 307.2
Wednesday figures
Account 2001
Feb.7 Feb. 14
Seasonally adjusted
Assets
1 Bank credit 2,575.6 2,575.1
2 Securities in bank credit 593.1 593.5
3 U.S. government securities 349.0 348.8
4 Trading account 35.0 35.1
5 Investment account 314.0 313.7
6 Other securities 244.1 244.6
7 Trading account 128.5 127.6
8 Investment account 115.6 117.0
9 State and local government 27.1 27.3
10 Other 88.5 89.8
11 Loans and leases in bank credit(2) 1,982.4 1,981.7
12 Commercial and industrial 601.2 600.6
13 Bankers acceptances .8 .8
14 Other 600.4 599.8
15 Real estate 818.6 817.3
16 Revolving home equity 82.9 83.1
17 Other 735.6 734.2
18 Consumer 237.2 238.1
19 Security(3) 64.4 65.8
20 Federal funds sold to and
repurchase agreements
with broker-dealers 46.4 48.3
21 Other 18.0 17.5
22 State and local government 12.7 12.7
23 Agricultural 10.0 10.0
24 Federal funds sold to and
repurchase agreements
with others 26.1 25.9
25 All other loans 83.9 83.1
26 Lease-financing receivables 128.4 128.2
27 Interbank loans 146.5 138.0
28 Federal funds sold to and
repurchase agreements with
commercial banks 71.5 69.7
29 Other 74.9 68.3
30 Cash assets(4) 137.6 128.1
31 Other assets(5) 258.7 260.5
32 Total assets(6) 3,080.6 3,064.0
Liabilities
33 Deposits 1,662.8 1,670.8
34 Transaction 281.0 289.7
35 Nontransaction 1,381.8 1,381.1
36 Large time 259.5 259.7
37 Other 1,199.4 1,121.4
38 Borrowings 693.4 690.8
39 From banks in the U.S. 221.0 215.3
40 From others 472.3 475.5
41 Net due to related foreign offices 193.5 174.8
42 Other liabilities 220.5 218.5
43 Total liabilities 2,770.2 2,754.9
44 Residual (assets less liabilities)(7) 310.4 309.1
Not seasonally
adjust
Assets
45 Bank credit 2,592.0 2,590.6
46 Securities in bank credit 600.5 599.8
47 U.S. government securities 355.5 355.2
48 Trading account 36.6 37.1
49 Investment account 318.9 318.1
50 Mortgage-backed securities 218.6 218.1
51 Other 100.3 100.0
52 One year or less 33.0 33.7
53 One to five years 36.6 37.7
54 More than five years 30.7 28.6
55 Other securities 245.1 244.6
56 Trading account 128.5 127.6
57 Investment account 116.5 116.9
58 State and local government 27.3 27.5
59 Other 89.2 89.5
60 Loans and leases in bank credit(2) 1,991.4 1,990.8
61 Commercial and industrial 599.7 599.5
62 Bankers acceptances .8 .8
63 Other 598.9 598.7
64 Real estate 824.1 821.7
65 Revolving home equity 83.1 83.2
66 Other 455.5 452.7
67 Commercial 285.5 285.7
68 Consumer 240.7 241.0
69 Credit cards and related plans 81.7 83.1
70 Other 158.9 157.9
71 Security(3) 66.4 68.6
72 Federal funds sold to and
repurchase agreements
with broker-dealers 49.7 52.0
73 Other 16.6 16.6
74 State and local government 12.6 12.6
75 Agricultural 9.8 9.8
76 Federal funds sold to and
repurchase agreements
with others 26.1 25.9
77 All other loans 81.9 81.7
78 Lease-financing receivables 130.4 130.1
79 Interbank loans 145.3 139.8
80 Federal funds sold to and
repurchase agreements
with commercial banks 70.9 70.6
81 Other 74.4 69.3
82 Cash assets(4) 130.0 130.1
83 Other assets(5) 260.9 262.5
84 Total assets(6) 3,090.5 3,085.3
Liabilities
85 Deposits 1,661.3 1,677.3
86 Transaction 271.3 289.6
87 Nontransaction 1,390.0 1,387.7
88 Large time 267.0 267.3
89 Other 1,123.0 1,120.4
90 Borrowings 704.4 700.6
91 From banks in the U.S. 225.0 220.2
92 From nonbanks in the U.S. 479.4 480.4
93 Net due to related foreign offices 198.3 181.7
94 Other liabilities 220.5 218.5
95 Total liabilities 2,784.5 2,778.0
96 Residual (assets less liabilities)(7) 307.3 306.0
Wednesday figures
Account 2001
Feb. 21 Feb. 28
Seasonally adjusted
Assets
1 Bank credit 2,578.3 2,610.3
2 Securities in bank credit 589.6 593.3
3 U.S. government securities 343.8 342.6
4 Trading account 35.4 38.0
5 Investment account 308.4 304.6
6 Other securities 245.8 250.7
7 Trading account 128.5 132.7
8 Investment account 117.3 118.0
9 State and local government 27.7 27.6
10 Other 89.6 90.4
11 Loans and leases in bank credit(2) 1,988.7 2,017.0
12 Commercial and industrial 604.2 602.3
13 Bankers acceptances .8 .8
14 Other 603.4 601.5
15 Real estate 821.1 830.5
16 Revolving home equity 83.5 84.0
17 Other 737.7 746.5
18 Consumer 238.7 238.2
19 Security(3) 64.4 79.0
20 Federal funds sold to and
repurchase agreements
with broker-dealers 47.6 61.7
21 Other 16.8 17.3
22 State and local government 12.8 12.8
23 Agricultural 10.1 10.1
24 Federal funds sold to and
repurchase agreements
with others 25.1 27.4
25 All other loans 84.1 88.3
26 Lease-financing receivables 128.2 128.3
27 Interbank loans 134.4 137.4
28 Federal funds sold to and
repurchase agreements with
commercial banks 68.6 70.5
29 Other 65.8 66.9
30 Cash assets(4) 143.4 138.9
31 Other assets(5) 262.5 265.3
32 Total assets(6) 3,080.7 3,114.3
Liabilities
33 Deposits 1,677.9 1,700.8
34 Transaction 306.8 312.9
35 Nontransaction 1,371.1 1,387.8
36 Large time 256.1 260.1
37 Other 1,115.0 1,127.7
38 Borrowings 676.0 688.2
39 From banks in the U.S. 209.5 216.5
40 From others 466.5 471.7
41 Net due to related foreign offices 190.8 198.6
42 Other liabilities 217.2 215.0
43 Total liabilities 2,761.9 2,802.5
44 Residual (assets less liabilities)(7) 318.8 311.7
Not seasonally
adjusted
Assets
45 Bank credit 2,584.4 2,619.6
46 Securities in bank credit 595.2 599.1
47 U.S. government securities 350.1 349.9
48 Trading account 37.4 40.3
49 Investment account 312.7 309.6
50 Mortgage-backed securities 212.6 212.2
51 Other 100.1 97.4
52 One year or less 34.3 33.1
53 One to five years 37.4 36.3
54 More than five years 28.5 28.0
55 Other securities 245.1 249.3
56 Trading account 128.5 132.7
57 Investment account 116.6 116.6
58 State and local government 27.9 27.8
59 Other 88.7 88.8
60 Loans and leases in bank credit(2) 1,989.2 2,020.5
61 Commercial and industrial 602.6 603.3
62 Bankers acceptances .8 .8
63 Other 601.8 602.5
64 Real estate 819.7 828.5
65 Revolving home equity 83.3 83.6
66 Other 450.3 458.2
67 Commercial 286.1 286.7
68 Consumer 241.1 240.1
69 Credit cards and related plans 84.1 83.1
70 Other 157.0 157.0
71 Security(3) 66.0 81.5
72 Federal funds sold to and
repurchase agreements
with broker-dealers 49.7 63.9
73 Other 16.3 17.6
74 State and local government 12.7 12.7
75 Agricultural 9.8 9.9
76 Federal funds sold to and
repurchase agreements
with others 25.1 27.4
77 All other loans 82.1 86.8
78 Lease-financing receivables 130.1 130.2
79 Interbank loans 134.1 139.0
80 Federal funds sold to and
repurchase agreements
with commercial banks 66.7 71.3
81 Other 67.4 67.7
82 Cash assets(4) 154.8 141.0
83 Other assets(5) 262.4 269.2
84 Total assets(6) 3,098.1 3,131.2
Liabilities
85 Deposits 1,678.2 1,701.3
86 Transaction 306.8 311.0
87 Nontransaction 1,371.4 1,390.3
88 Large time 2,620.0 265.5
89 Other 1,094.0 1,124.8
90 Borrowings 685.2 693.6
91 From banks in the U.S. 214.1 220.3
92 From nonbanks in the U.S. 471.1 473.2
93 Net due to related foreign offices 209.6 213.8
94 Other liabilities 217.2 215.0
95 Total liabilities 2,790.1 2,823.6
96 Residual (assets less liabilities)(7) 308.0 307.6
D. Small domestically chartered commercial banks
Billion of dollars
Monthly averages
Account 2000 2000(r)
Feb.(r) Aug. Sept.
Seasonally adjusted
Assets
1 Bank credit 1,872.2 1,992.0 2,010.2
2 Securities in bank credit 515.0 530.6 534.8
3 U.S. government securities 377.0 371.6 370.4
4 Other securities 138.0 159.1 164.5
5 Loans and leases in bank credit(2) 1,357.2 1,461.3 1,475.4
6 Commercial and industrial 260.1 284.1 286.0
7 Real estate 727.4 781.8 791.1
8 Revolving home equity 38.1 41.5 44.4
9 Other 689.3 740.3 746.7
10 Consumer 275.5 295.2 298.0
11 Security(3) 6.1 7.0 7.0
12 Other loans and leases 88.1 93.3 93.3
13 Interbank loans 59.6 84.1 84.5
14 Cash assets(4) 90.7 81.0 81.3
15 Other assets(5) 98.1 108.7 107.8
16 Total assets(6) 2,096.6 2,239.7 2,257.4
Liabilities
17 Deposits 1,509.7 1,710.0 1,735.6
18 Transaction 320.6 300.3 297.7
19 Nontransaction 1,189.1 1,409.8 1,437.9
20 Large time 245.2 281.8 285.9
21 Other 943.9 1,127.9 1,152.0
22 Borrowings 332.2 338.2 332.8
23 From banks in the U.S. 155.4 164.5 161.7
24 From others 176.8 173.7 171.2
25 Net due to related foreign offices 0.0 23.7 20.6
26 Other liabilities 60.6 45.9 47.6
27 Total liabilities 1,902.5 2,117.9 2,136.6
28 Residual (assets less
liabilities)(7) 194.1 121.8 120.8
Not seasonally adjusted
Assets
29 Bank credit 1,859.3 1,995.4 2,014.6
30 Securities in bank credit 511.7 530.2 533.4
31 U.S. government securities 374.4 370.9 369.5
32 Other securities 137.2 159.3 164.0
33 Loans and leases in bank credit(2) 1,347.6 1,465.2 1,481.2
34 Commercial and industrial 259.0 282.2 284.3
35 Real estate 722.7 784.5 794.2
36 Revolving home equity 37.9 41.4 44.9
37 Other 684.9 743.1 749.3
38 Consumer 274.5 295.9 299.8
39 Credit cards and related plans n.a. 130.2 132.7
40 Other n.a. 165.7 167.1
41 Security(3) 6.1 7.0 7.0
42 Other loans and leases 85.3 95.6 95.9
43 Interbank loans 60.6 80.0 81.6
44 Cash assets(4) 90.1 78.3 81.0
45 Other assets(5) 97.2 110.4 107.4
46 Total assets(6) 2,083.3 2,237.9 2,258.1
Liabilities
47 Deposits 1,501.2 1,705.4 1,733.6
48 Transaction 316.9 295.8 295.5
49 Nontransaction 1,184.3 1,409.6 1,438.1
50 Large time 245.2 281.8 285.9
51 Other 939.1 1,127.7 1,152.1
52 Borrowings 327.8 341.3 338.7
53 From banks in the U.S. 152.8 167.4 165.3
54 From others 175.0 174.0 173.4
55 Net due to related foreign offices 0.0 23.7 20.6
56 Other liabilities 61.0 45.9 47.4
57 Total Liabilities 1,890.0 2,116.3 2,140.1
58 Residual (assets less
liabilities)(7) 193.3 121.6 118.0
Monthly averages
Account 2000(r)
Oct. Nov. Dec.
Seasonally adjusted
Assets
1 Bank credit 2,023.6 2,042.5 2,063.8
2 Securities in bank credit 537.9 543.1 550.2
3 U.S. government securities 369.3 369.5 367.1
4 Other securities 168.6 173.6 183.1
5 Loans and leases in bank credit(2) 1,485.7 1,499.5 1,513.6
6 Commercial and industrial 288.0 291.0 291.8
7 Real estate 800.1 808.1 816.3
8 Revolving home equity 45.3 45.8 46.3
9 Other 754.7 762.3 769.9
10 Consumer 297.5 299.0 301.2
11 Security(3) 7.1 7.2 7.6
12 Other loans and leases 93.0 94.1 96.8
13 Interbank loans 84.1 79.7 85.6
14 Cash assets(4) 81.6 77.9 81.3
15 Other assets(5) 112.9 107.8 114.0
16 Total assets(6) 2,275.9 2,281.5 2,318.0
Liabilities
17 Deposits 1,751.0 1,756.4 1,799.6
18 Transaction 297.5 292.9 291.2
19 Nontransaction 1,453.6 1,463.5 1,508.5
20 Large time 289.5 292.4 297.6
21 Other 1,164.0 1,171.2 1,210.9
22 Borrowings 326.2 322.0 327.1
23 From banks in the U.S. 153.8 151.5 155.6
24 From others 172.3 170.5 171.5
25 Net due to related foreign offices 23.4 23.7 20.9
26 Other liabilities 52.8 54.1 54.1
27 Total liabilities 2,153.4 2,156.3 2,201.7
28 Residual (assets less
liabilities)(7) 122.5 125.2 116.2
Not seasonally adjusted
Assets
29 Bank credit 2,025.6 2,043.0 2,065.6
30 Securities in bank credit 535.3 541.5 550.2
31 U.S. government securities 366.8 367.7 366.6
32 Other securities 168.5 173.8 183.7
33 Loans and leases in bank credit(2) 1,490.3 1,501.5 1,515.3
34 Commercial and industrial 287.7 289.5 291.3
35 Real estate 803.5 810.8 815.6
36 Revolving home equity 45.7 46.2 46.6
37 Other 757.8 764.7 769.0
38 Consumer 297.2 299.6 304.4
39 Credit cards and related plans 130.4 132.3 137.2
40 Other 166.9 167.3 167.2
41 Security(3) 7.1 7.2 7.6
42 Other loans and leases 94.8 94.4 96.5
43 Interbank loans 83.7 86.2 92.1
44 Cash assets(4) 81.4 81.1 86.0
45 Other assets(5) 112.8 109.3 113.5
46 Total assets(6) 2,277.2 2,293.2 2,330.6
Liabilities
47 Deposits 1,754.0 1,769.4 1,808.8
48 Transaction 295.1 296.6 302.6
49 Nontransaction 1,458.8 1,472.8 1,506.2
50 Large time 289.5 292.4 297.6
51 Other 1,169.3 1,180.4 1,208.6
52 Borrowings 329.1 324.1 331.3
53 From banks in the U.S. 156.4 152.5 158.3
54 From others 172.6 171.6 173.0
55 Net due to related foreign offices 23.4 23.7 20.9
56 Other liabilities 52.4 54.1 54.4
57 Total Liabilities 2,158.9 2,171.3 2,215.4
58 Residual (assets less
liabilities)(7) 118.3 121.9 115.2
Monthly Wednesday
averages figures
Account 2001 2001
Jan.(r) Feb. Feb. 7
Seasonally adjusted
Assets
1 Bank credit 2,081.2 2,092.0 2,087.3
2 Securities in bank credit 557.7 559.7 558.2
3 U.S. government securities 367.2 364.7 364.7
4 Other securities 190.5 195.0 193.6
5 Loans and leases in bank credit(2) 1,523.5 1,532.3 1,529.0
6 Commercial and industrial 295.0 296.9 296.5
7 Real estate 818.9 825.5 822.7
8 Revolving home equity 47.2 47.6 47.5
9 Other 771.7 777.8 775.3
10 Consumer 304.3 301.9 301.6
11 Security(3) 7.4 7.9 7.9
12 Other loans and leases 98.0 100.2 100.4
13 Interbank loans 87.4 96.9 93.4
14 Cash assets(4) 83.8 82.9 83.4
15 Other assets(5) 120.5 123.3 117.9
16 Total assets(6) 2,346.2 2,368.5 2,355.4
Liabilities
17 Deposits 1,826.5 1,843.0 1,835.5
18 Transaction 296.3 295.3 286.5
19 Nontransaction 1,530.2 1,547.7 1,549.0
20 Large time 299.4 305.4 306.1
21 Other 1,230.8 1,242.4 1,242.9
22 Borrowings 341.9 343.1 344.7
23 From banks in the U.S. 160.6 163.0 163.2
24 From others 181.3 180.1 181.5
25 Net due to related foreign offices 16.8 16.7 16.5
26 Other liabilities 54.0 54.1 52.8
27 Total liabilities 2,239.2 2,256.9 2,249.6
28 Residual (assets less
liabilities)(7) 107.0 111.6 105.8
Not seasonally adjusted
Assets
29 Bank credit 2,074.2 2,076.1 2,072.9
30 Securities in bank credit 556.3 556.0 555.2
31 U.S. government securities 365.5 362.1 362.2
32 Other securities 190.8 194.0 193.0
33 Loans and leases in bank credit(2) 1,517.9 1,520.1 1,517.7
34 Commercial and industrial 293.7 295.2 294.7
35 Real estate 816.3 819.9 817.9
36 Revolving home equity 47.0 47.3 47.2
37 Other 769.2 772.5 770.7
38 Consumer 305.0 300.4 300.3
39 Credit cards and related plans 136.5 131.8 131.6
40 Other 168.5 168.6 168.7
41 Security(3) 7.4 7.9 7.9
42 Other loans and leases 95.6 96.8 96.9
43 Interbank loans 87.3 98.3 96.8
44 Cash assets(4) 85.4 82.4 79.3
45 Other assets(5) 117.6 121.7 116.3
46 Total assets(6) 2,338.0 2,352.0 2,338.7
Liabilities
47 Deposits 1,819.5 1,832.8 1,826.6
48 Transaction 297.9 291.7 282.0
49 Nontransaction 1,521.5 1,541.1 1,544.7
50 Large time 299.4 305.4 306.1
51 Other 1,222.2 1,235.7 1,238.6
52 Borrowings 339.3 336.5 335.7
53 From banks in the U.S. 159.3 158.4 157.3
54 From others 180.0 178.2 178.4
55 Net due to related foreign offices 16.8 16.7 16.5
56 Other liabilities 53.6 54.6 53.4
57 Total Liabilities 2,229.2 2,240.7 2,232.2
58 Residual (assets less
liabilities)(7) 108.8 111.3 106.5
Wednesday figures
Account 2001
Feb. 14 Feb. 21 Feb. 28
Seasonally adjusted
Assets
1 Bank credit 2,093.5 2,095.8 2,091.4
2 Securities in bank credit 561.5 560.3 558.7
3 U.S. government securities 367.7 364.7 361.6
4 Other securities 193.7 195.6 197.1
5 Loans and leases in bank credit(2) 1,532.0 1,535.5 1,532.7
6 Commercial and industrial 296.8 297.2 297.1
7 Real estate 825.2 826.6 827.3
8 Revolving home equity 47.6 47.7 47.8
9 Other 777.7 778.9 779.5
10 Consumer 302.7 303.6 299.6
11 Security(3) 7.6 7.7 8.2
12 Other loans and leases 99.7 100.4 100.5
13 Interbank loans 91.8 98.1 104.2
14 Cash assets(4) 79.3 84.0 85.0
15 Other assets(5) 117.2 137.4 120.8
16 Total assets(6) 2,355.1 2,388.7 2,374.9
Liabilities
17 Deposits 1,835.3 1,846.8 1,854.4
18 Transaction 289.1 300.0 305.5
19 Nontransaction 1,546.2 1,546.8 1,549.0
20 Large time 306.5 305.1 303.8
21 Other 1,239.8 1,241.6 1,245.2
22 Borrowings 342.1 342.8 342.7
23 From banks in the U.S. 161.2 163.8 163.8
24 From others 180.9 179.0 178.9
25 Net due to related foreign offices 15.0 20.2 15.1
26 Other liabilities 53.4 55.7 54.5
27 Total liabilities 2,245.8 2,265.5 2,266.8
28 Residual (assets less
liabilities)(7) 109.3 123.2 108.1
Not seasonally adjusted
Assets
29 Bank credit 2,077.6 2,077.5 2,076.4
30 Securities in bank credit 557.7 555.8 555.4
31 U.S. government securities 364.9 361.6 359.6
32 Other securities 192.8 194.2 195.8
33 Loans and leases in bank credit(2) 1,519.9 1,521.7 1,521.0
34 Commercial and industrial 295.0 295.3 295.9
35 Real estate 819.8 819.9 821.9
36 Revolving home equity 47.3 47.3 47.4
37 Other 772.5 772.6 774.5
38 Consumer 301.4 302.0 297.8
39 Credit cards and related plans 132.3 133.6 129.8
40 Other 169.1 168.4 168.0
41 Security(3) 7.6 7.7 8.2
42 Other loans and leases 96.2 96.8 97.2
43 Interbank loans 94.0 97.3 105.1
44 Cash assets(4) 78.4 86.9 85.1
45 Other assets(5) 115.1 135.6 120.0
46 Total assets(6) 2,338.6 2,370.7 2,360.0
Liabilities
47 Deposits 1,825.7 1,834.8 1,844.1
48 Transaction 285.6 296.9 302.4
49 Nontransaction 1,540.1 1,537.9 1,541.7
50 Large time 306.5 305.1 303.8
51 Other 1,233.7 1,232.8 1,237.9
52 Borrowings 336.4 337.9 336.2
53 From banks in the U.S. 157.0 160.0 159.1
54 From others 179.4 177.9 177.0
55 Net due to related foreign offices 15.0 20.2 15.1
56 Other liabilities 53.7 56.3 55.1
57 Total Liabilities 2,230.9 2,249.1 2,250.5
58 Residual (assets less
liabilities)(7) 107.7 121.5 109.5
E. Foreign-related institutions
Billion of dollars
Monthly averages
Account 2000 2000(r)
Feb. Aug. Sept.
Seasonally adjusted
Assets
1 Bank credit 543.4(r) 586.8 593.8
2 Securities in bank credit 195.3(r) 211.2 209.6
3 U.S. government securities 76.0 79.2 76.9
4 Other securities 119.4(r) 132.0 132.7
5 Loans and leases in bank credit(2) 348.1 375.6 384.2
6 Commercial and industrial 196.4 206.5 203.9
7 Real estate 16.9 18.4 18.8
8 Security(3) 66.8 81.7 94.2
9 Other loans and leases 67.9 69.0 67.3
10 Interbank loans 32.7 22.5 24.0
11 Cash assets(4) 49.9(r) 44.3 44.5
12 Other assets(5) 37.7 41.0 40.1
13 Total assets(6) 663.5(r) 694.2 702.1
Liabilities
14 Deposits 377.2 395.6 388.0
15 Transaction 10.9 10.8 9.7
16 Nontransaction 366.3 384.8 378.3
17 Borrowings 175.5 198.9 214.9
18 From banks in the U.S. 18.4 17.0 19.6
19 From others 157.0 181.9 195.3
20 Net due to related foreign offices 27.4 23.4 24.3
21 Other liabilities 74.2 72.5 75.7
22 Total liabilities 654.2 690.4 702.9
23 Residual (assets less
liabilities)(7) 9.2(r) 3.9 -.9
Not seasonally adjusted
Assets
24 Bank credit 547.7(r) 576.9 593.1
25 Securities in bank credit 196.7(r) 205.4 209.8
26 U.S. government securities 76.1 77.6 74.8
27 Trading account 7.3 13.9 14.2
28 Investment account 68.8 63.7 60.6
29 Other securities 120.6(r) 127.8 135.0
30 Trading account 77.4(r) 83.3 91.9
31 Investment account 43.2 44.6 43.0
32 Loans and leases in bank credit(2) 351.1 371.5 383.3
33 Commercial and industrial 198.9 203.8 203.9
34 Real estate 17.2 18.2 18.6
35 Security(3) 66.6 81.9 94.0
36 Other loans and leases 68.3 67.6 66.8
37 Interbank loans 32.7 22.5 24.0
38 Cash assets(4) 49.3(r) 42.8 43.7
39 Other assets(5) 39.6 40.3 39.4
40 Total assets(6) 669.0(r) 682.1 699.8
Liabilities
41 Deposits 384.2 383.6 381.7
42 Transaction 10.8 10.7 10.2
43 Nontransaction 373.3 372.9 371.5
44 Borrowings 175.5 198.9 214.9
45 From banks in the U.S. 18.4 17.0 19.6
46 From others 157.0 181.9 195.3
47 Net due to related foreign offices 29.7 23.2 23.6
48 Other liabilities 76.2 72.1 75.3
49 Total liabilities 665.5 677.8 695.5
50 Residual (assets less
liabilities)(7) 3.5(r) 4.3 4.3
Monthly averages
Account 2000(r)
Oct. Nov. Dec.
Seasonally adjusted
Assets
1 Bank credit 582.7 577.2 600.4
2 Securities in bank credit 194.7 186.5 204.0
3 U.S. government securities 70.4 66.7 68.1
4 Other securities 124.3 119.8 136.0
5 Loans and leases in bank credit(2) 388.0 390.7 396.4
6 Commercial and industrial 202.2 202.3 205.6
7 Real estate 17.7 18.3 18.4
8 Security(3) 101.6 102.8 106.1
9 Other loans and leases 66.5 67.3 66.4
10 Interbank loans 27.0 26.7 26.8
11 Cash assets(4) 42.4 38.9 40.4
12 Other assets(5) 41.5 39.9 35.8
13 Total assets(6) 693.2 682.4 703.0
Liabilities
14 Deposits 382.5 381.1 383.6
15 Transaction 10.6 10.6 10.3
16 Nontransaction 372.0 370.5 373.3
17 Borrowings 221.7 225.0 242.7
18 From banks in the U.S. 19.5 20.0 24.7
19 From others 202.2 204.9 218.0
20 Net due to related foreign offices 16.6 6.0 -2.0
21 Other liabilities 80.6 74.7 72.7
22 Total liabilities 701.4 686.8 697.1
23 Residual (assets less
liabilities)(7) -8.1 -4.4 6.0
Not seasonally adjusted
Assets
24 Bank credit 591.5 591.4 611.4
25 Securities in bank credit 202.2 197.3 208.1
26 U.S. government securities 70.0 68.1 69.2
27 Trading account 11.8 10.8 11.7
28 Investment account 58.2 57.2 57.5
29 Other securities 132.3 129.2 138.9
30 Trading account 90.3 87.8 90.3
31 Investment account 42.0 41.5 48.6
32 Loans and leases in bank credit(2) 389.3 394.1 403.3
33 Commercial and industrial 203.6 205.7 209.6
34 Real estate 18.0 18.3 18.3
35 Security(3) 100.9 102.0 106.5
36 Other loans and leases 66.7 68.1 68.8
37 Interbank loans 27.0 26.7 26.8
38 Cash assets(4) 43.3 41.3 43.7
39 Other assets(5) 40.7 40.0 37.9
40 Total assets(6) 702.1 699.1 719.6
Liabilities
41 Deposits 378.1 384.3 392.5
42 Transaction 10.7 10.8 10.9
43 Nontransaction 367.4 373.6 381.6
44 Borrowings 221.7 225.0 242.7
45 From banks in the U.S. 19.5 20.0 24.7
46 From others 202.2 204.9 218.0
47 Net due to related foreign offices 16.8 7.6 3.0
48 Other liabilities 79.9 75.9 74.8
49 Total liabilities 696.5 692.8 713.0
50 Residual (assets less
liabilities)(7) 5.7 6.3 6.5
Monthly Wednesday
averages figures
Account 2001 2001
Jan. Feb. Feb. 7
Seasonally adjusted
Assets
1 Bank credit 615.2(r) 611.1 605.2
2 Securities in bank credit 207.6(r) 202.3 199.2
3 U.S. government securities 66.7(r) 64.4 61.7
4 Other securities 140.9(r) 137.9 137.5
5 Loans and leases in bank credit(2) 407.6 408.8 406.0
6 Commercial and industrial 212.5(r) 215.7 216.3
7 Real estate 18.3(r) 18.0 18.0
8 Security(3) 110.3 107.5 104.2
9 Other loans and leases 66.4 67.5 67.4
10 Interbank loans 29.1 28.2 27.9
11 Cash assets(4) 43.3(r) 43.7 43.2
12 Other assets(5) 37.0 36.0 35.1
13 Total assets(6) 724.2(r) 718.6 711.0
Liabilities
14 Deposits 391.2(r) 383.2 384.4
15 Transaction 10.3 9.7 10.0
16 Nontransaction 381.0 373.5 374.4
17 Borrowings 245.3 240.0 229.7
18 From banks in the U.S. 27.9 24.6 21.0
19 From others 217.4 215.4 208.7
20 Net due to related foreign offices 4.7 6.0 13.2
21 Other liabilities 77.7 77.7 77.8
22 Total liabilities 719.0(r) 706.8 705.1
23 Residual (assets less
liabilities)(7) 5.2 11.7 5.9
Not seasonally adjusted
Assets
24 Bank credit 624.4(r) 614.8 611.8
25 Securities in bank credit 212.7(r) 203.3 203.1
26 U.S. government securities 67.3(r) 64.5 62.4
27 Trading account 11.1 10.4 8.9
28 Investment account 56.2(r) 54.1 53.4
29 Other securities 145.4(r) 138.8 140.7
30 Trading account 95.6(r) 90.9 93.1
31 Investment account 49.7(r) 47.9 47.6
32 Loans and leases in bank credit(2) 411.7 411.5 408.7
33 Commercial and industrial 214.2(r) 218.2 217.6
34 Real estate 18.6(r) 18.3 18.4
35 Security(3) 110.9 107.3 104.4
36 Other loans and leases 68.1(r) 67.7 68.4
37 Interbank loans 29.1 28.2 27.9
38 Cash assets(4) 45.2(r) 43.2 43.0
39 Other assets(5) 38.5 37.7 37.2
40 Total assets(6) 736.9 723.5 719.5
Liabilities
41 Deposits 399.4 390.9 392.6
42 Transaction 10.4 9.6 9.9
43 Nontransaction 389.0 381.3 382.8
44 Borrowings 245.3 240.0 229.7
45 From banks in the U.S. 27.9 24.6 21.0
46 From others 217.4 215.4 208.7
47 Net due to related foreign offices 6.8 8.1 12.2
48 Other liabilities 79.5 79.4 79.8
49 Total liabilities 731.0 718.4 714.4
50 Residual (assets less
liabilities)(7) 5.9 5.1 5.1
Wednesday figures
Account 2001
Feb. 14 Feb. 21 Feb. 28
Seasonally adjusted
Assets
1 Bank credit 604.6 610.5 624.1
2 Securities in bank credit 200.2 203.5 206.4
3 U.S. government securities 63.7 65.0 67.3
4 Other securities 136.6 138.5 139.1
5 Loans and leases in bank credit(2) 404.3 407.0 417.7
6 Commercial and industrial 213.6 214.7 218.3
7 Real estate 18.0 18.1 18.0
8 Security(3) 105.7 107.4 112.9
9 Other loans and leases 67.0 66.8 68.6
10 Interbank loans 24.5 29.5 30.9
11 Cash assets(4) 41.8 44.8 44.9
12 Other assets(5) 37.0 36.6 35.1
13 Total assets(6) 707.5 721.1 734.7
Liabilities
14 Deposits 381.6 388.3 378.4
15 Transaction 9.5 9.4 9.8
16 Nontransaction 372.1 378.9 368.5
17 Borrowings 241.7 232.9 255.7
18 From banks in the U.S. 24.6 19.7 33.3
19 From others 217.1 213.2 222.4
20 Net due to related foreign offices -1.5 6.4 6.1
21 Other liabilities 76.7 77.7 78.4
22 Total liabilities 698.5 705.2 718.5
23 Residual (assets less
liabilities)(7) 9.0 15.8 16.2
Not seasonally adjusted
Assets
24 Bank credit 610.4 610.3 626.8
25 Securities in bank credit 202.7 201.9 205.5
26 U.S. government securities 63.8 64.7 67.1
27 Trading account 10.3 10.9 11.3
28 Investment account 53.5 53.8 55.7
29 Other securities 138.9 137.2 138.4
30 Trading account 90.6 89.2 90.7
31 Investment account 48.2 48.0 47.7
32 Loans and leases in bank credit(2) 407.7 408.4 421.3
33 Commercial and industrial 216.7 217.3 221.4
34 Real estate 18.3 18.3 18.2
35 Security(3) 105.1 106.3 113.3
36 Other loans and leases 67.5 66.5 68.4
37 Interbank loans 24.5 29.5 30.9
38 Cash assets(4) 41.7 44.0 44.0
39 Other assets(5) 38.8 37.8 36.8
40 Total assets(6) 715.0 721.2 738.2
Liabilities
41 Deposits 388.8 394.9 387.2
42 Transaction 9.5 9.5 9.6
43 Nontransaction 379.3 385.4 377.5
44 Borrowings 241.7 232.9 255.7
45 From banks in the U.S. 24.6 19.7 33.3
46 From others 217.1 213.2 222.4
47 Net due to related foreign offices .6 9.2 10.2
48 Other liabilities 78.6 79.1 80.2
49 Total liabilities 709.8 716.0 733.2
50 Residual (assets less
liabilities)(7) 5.2 5.2 5.0
F. Memo items
Billions of dollars
Monthly averages
Account 2000 2000(r)
Feb. Aug. Sept.
Not seasonally adjusted
MEMO
Large domestically chartered banks,
adjusted for mergers
1 Revaluation gains on off-balance-sheet
items(8) 64.5 66.5 74.4
2 Revaluation losses on off-balance-
sheet items(8) 64.3 67.3 73.9
3 Mortgage-backed securities(9) 253.2(r) 238.6 238.8
4 Pass-through 175.5(r) 170.2 170.7
5 CMO, REMIC, and other 77.7(r) 68.5 68.1
6 Net unrealized gains (losses) on
available-for-sale securities(10) -10.8 -8.6 -7.4
7 Off-shore credit to U.S. residents(11) 23.6 22.1 22.1
8 Securitized consumer loans(12) n.a. 86.6 85.9
9 Credit cards and related plans n.a. 72.0 71.8
10 Other n.a. 14.6 14.1
11 Securitized business loans(12) n.a. 16.2 15.3
Small domestically chartered
commercial banks, adjusted for
mergers
12 Mortgage-backed securities(9) 202.4(r) 209.6 211.0
13 Securitized consumer loans(12) n.a. 220.9 221.6
14 Credit cards and related plans n.a. 212.0 213.0
15 Other n.a. 8.9 8.6
Foreign-related institutions
16 Revaluation gains on off-balance-
sheet items(8) 42.8 43.0 48.6
17 Revaluation losses on off-balance-
sheet items(8) 42.3 40.1 45.0
18 Securitized business loans(12) n.a. 23.7 23.1
Monthly averages
Account 2000(r)
Oct. Nov. Dec.
Not seasonally adjusted
MEMO
Large domestically chartered banks,
adjusted for mergers
1 Revaluation gains on off-balance-sheet
items(8) 70.9 68.0 77.8
2 Revaluation losses on off-balance-
sheet items(8) 72.8 72.6 83.1
3 Mortgage-backed securities(9) 240.3 240.4 242.3
4 Pass-through 173.6 174.0 177.3
5 CMO, REMIC, and other 66.6 66.4 65.0
6 Net unrealized gains (losses) on
available-for-sale securities(10) -4.7 -3.3 -.4
7 Off-shore credit to U.S. residents(11) 22.3 23.1 23.4
8 Securitized consumer loans(12) 80.8 80.5 82.2
9 Credit cards and related plans 67.2 67.3 68.6
10 Other 13.6 13.2 13.6
11 Securitized business loans(12) 15.2 17.8 18.6
Small domestically chartered
commercial banks, adjusted for
mergers
12 Mortgage-backed securities(9) 211.8 213.2 214.7
13 Securitized consumer loans(12) 224.4 225.4 230.7
14 Credit cards and related plans 215.1 215.9 221.6
15 Other 9.3 9.5 9.1
Foreign-related institutions
16 Revaluation gains on off-balance-
sheet items(8) 47.3 44.7 45.6
17 Revaluation losses on off-balance-
sheet items(8) 44.7 41.0 41.7
18 Securitized business loans(12) 23.0 22.8 23.1
Monthly Wednesday
averages figures
Account 2001 2001
Jan.(r) Feb. Feb. 7
Not seasonally adjusted
MEMO
Large domestically chartered banks,
adjusted for mergers
1 Revaluation gains on off-balance-sheet
items(8) 79.5 77.6 77.3
2 Revaluation losses on off-balance-
sheet items(8) 82.5 81.0 80.9
3 Mortgage-backed securities(9) 247.7 244.3 247.5
4 Pass-through 182.5 179.2 182.0
5 CMO, REMIC, and other 65.2 65.0 65.5
6 Net unrealized gains (losses) on
available-for-sale securities(10) -2.3 -.5 -.6
7 Off-shore credit to U.S. residents(11) 23.0 22.7 22.8
8 Securitized consumer loans(12) 82.4 80.8 81.8
9 Credit cards and related plans 68.5 67.3 68.1
10 Other 13.9 13.4 13.7
11 Securitized business loans(12) 18.4 18.6 18.6
Small domestically chartered
commercial banks, adjusted for
mergers
12 Mortgage-backed securities(9) 218.2 222.2 219.0
13 Securitized consumer loans(12) 231.0 235.2 234.3
14 Credit cards and related plans 222.0 226.4 225.4
15 Other 9.0 8.8 8.8
Foreign-related institutions
16 Revaluation gains on off-balance-
sheet items(8) 51.0 49.8 49.9
17 Revaluation losses on off-balance-
sheet items(8) 47.4 47.8 47.8
18 Securitized business loans(12) 23.2 22.4 22.8
Wednesday figures
Account 2001
Feb. 14 Feb. 21 Feb. 28
Not seasonally adjusted
MEMO
Large domestically chartered banks,
adjusted for mergers
1 Revaluation gains on off-balance-sheet
items(8) 76.4 76.2 80.6
2 Revaluation losses on off-balance-
sheet items(8) 80.0 79.9 83.3
3 Mortgage-backed securities(9) 247.0 241.7 240.9
4 Pass-through 181.6 176.8 176.6
5 CMO, REMIC, and other 65.4 64.9 64.4
6 Net unrealized gains (losses) on
available-for-sale securities(10) -1.0 -.7 .1
7 Off-shore credit to U.S. residents(11) 22.7 22.5 22.8
8 Securitized consumer loans(12) 80.3 80.0 80.9
9 Credit cards and related plans 66.9 66.7 67.6
10 Other 13.4 13.4 13.3
11 Securitized business loans(12) 18.5 18.5 18.6
Small domestically chartered
commercial banks, adjusted for
mergers
12 Mortgage-backed securities(9) 221.0 223.3 225.7
13 Securitized consumer loans(12) 233.4 234.6 238.4
14 Credit cards and related plans 224.6 225.8 229.7
15 Other 8.8 8.8 8.7
Foreign-related institutions
16 Revaluation gains on off-balance-
sheet items(8) 49.3 49.6 50.3
17 Revaluation losses on off-balance-
sheet items(8) 47.6 47.7 48.1
18 Securitized business loans(12) 22.2 22.3 22.2
NOTE. Tables 1.26, 1.27, and 1.28 have been revised to reflect changes
in the Board's H.8 statistical release, "Assets and Liabilities of
Commercial Banks in the United States." Table 1.27, "Assets and
Liabilities of Large Weekly Reporting Commercial Banks," and table
1.28, "Large Weekly Reporting U.S. Branches and Agencies of Foreign
Banks," are no longer being published in the Bulletin. Instead,
abbreviated balance sheets for both large and small domestically
chartered banks have been included in table 1.26, parts C and D.
Data are both merger-adjusted and break-adjusted. In addition, data
from large weekly reporting U.S. branches and agencies of foreign
banks have been replaced by balance sheet estimates of all
foreign-related institutions and are included in table 1.26,
part E. These data are break-adjusted.
The not-seasonally-adjusted data for all tables now contain
additional balance sheet items, which were available as of
October 2, 1996.
(1.) Covers the following types of institutions in the fifty states
and the District of Columbia: domestically chartered commercial banks
that submit a weekly report of condition (large domestic); other
domestically chartered commercial banks (small domestic); branches
and agencies of foreign banks, and Edge Act and agreement corporations
(foreign-related institutions). Excludes International Banking
Facilities. Data are Wednesday values or pro-rata averages of
Wednesday values. Large domestic banks constitute a universe; data for
small domestic banks and foreign-related institutions are estimates
based on weekly samples and on quarter-end condition reports. Data
are adjusted for breaks caused by reclassifications of assets and
liabilities.
The data for large and small domestic banks presented on pp. A17-19
are adjusted to remove the estimated effects of mergers between these
two groups. The adjustment for mergers changes past levels to make
them comparable with current levels. Estimated quantities of balance
sheet items acquired in mergers are removed from past data for the bank
group that contained the acquired bank and put into past data for the
group containing the acquiring bank. Balance sheet data for acquired
banks are obtained from Call Reports, and a ratio procedure is used
to adjust past levels.
(2.) Excludes federal funds sold to, reverse RPs with, and loans made
to commercial banks in the United States, all of which are included in
"Interbank loans."
(3.) Consists of reverse RPs with brokers and dealers and loans to
purchase and carry securities.
(4.) Includes vault cash, cash items in process of collection, balances
due from depository institutions, and balances due from Federal
Reserve Banks.
(5.) Excludes the due-from position with related foreign offices,
which is included in "Net due to related foreign offices."
(6.) Excludes unearned income, reserves for losses on loans and
leases, and reserves for transfer risk. Loans are reported gross of
these items.
(7.) This balancing item is not intended as a measure of equity capital
for use in capital adequacy analysis. On a seasonally adjusted basis,
this item reflects any differences in the seasonal patterns estimated
for total assets and total liabilities.
(8.) Fair value of derivative contracts (interest rate, foreign
exchange rate, other commodity and equity contracts) in a gain/loss
position, as determined under FASB Interpretation No. 39.
(9.) Includes mortgage-backed securities issued by U.S. government
agencies, U.S. government-sponsored enterprises, and private entities.
(10.) Difference between fair value and historical cost for securities
classified as available-for-sale under FASB Statement No. 115. Data are
reported net of tax effects. Data shown are restated to include an
estimate of these tax effects.
(11.) Mainly commercial and industrial loans but also includes an
unknown amount of credit extended to other than nonfinancial
businesses.
(12.) Total amount outstanding.
1.32 COMMERCIAL PAPER AND BANKERS DOLLAR ACCEPTANCES OUTSTANDING
A. Commercial Paper
Millions of dollars, seasonally adjusted, end of period
Year ending December
Item 1996 1997 1998
1 All issuers 775,371 966,699 1,163,303
Financial companies(1)
2 Dealer-placed paper, total(2) 361,147 513,307 614,142
3 Directly placed paper,
total(3) 229,662 252,536 322,030
4 Nonfinancial companies(4) 184,563 200,857 227,132
Year ending December 2000
Item
1999 2000 Aug.
1 All issuers 1,403,023 1,615,341 1,559,054
Financial companies(1)
2 Dealer-placed paper, total(2) 786,643 973,060 905,634
3 Directly placed paper,
total(3) 337,240 298,848 303,307
4 Nonfinancial companies(4) 279,140 343,433 350,113
2000
Item
Sept. Oct. Nov.
1 All issuers 1,557,700 1,587,591 1,624,421
Financial companies(1)
2 Dealer-placed paper, total(2) 899,853 912,739 960,701
3 Directly placed paper,
total(3) 315,039 328,049 312,438
4 Nonfinancial companies(4) 342,809 346,803 351,282
2000 2001
Item
Dec. Jan.
1 All issuers 1,615,341 1,566,104
Financial companies(1)
2 Dealer-placed paper, total(2) 973,060 976,735
3 Directly placed paper,
total(3) 298,848 270,922
4 Nonfinancial companies(4) 343,433 318,447
(1.) Institutions engaged primarily in commercial, savings, and
mortgage banking; sales, personal, and mortgage financing; factoring,
finance leasing, and other business lending; insurance underwriting;
and other investment activities.
(2.) Includes all financial-company paper sold by dealers in the open
market.
(3.) As reported by financial companies that place their paper directly
with investors.
(4.) Includes public utilities and firms engaged primarily in such
activities as communications, construction, manufacturing, mining,
wholesale and retail trade, transportation, and services.
B. Bankers Dollar Acceptances(1)
Millions of dollars, not seasonally adjusted, year ending September(2)
Item 1997 1998 1999 2000
1 Total amount of reporting banks'
acceptances in existence 25,774 14,363 10,094 9,881
2 Amount of other banks' eligible
acceptances held by reporting
banks 736 523 461 462
3 Amount of own eligible acceptances
held by reporting banks
(included in item 1) 6,862 4,884 4,261 3,789
4 Amount of eligible acceptances
representing goods stored in,
or shipped between, foreign
countries (included in item 1) 10,467 5,413 3,498 3,689
(1.) Includes eligible, dollar-denominated bankers acceptances legally
payable in the United States. Eligible acceptances are those that are
eligible for discount by Federal Reserve Banks; that is, those
acceptances that meet the criteria of Paragraph 7 of Section 13 of the
Federal Reserve Act (12 U.S.C. [sections] 372).
(2.) Data on bankers dollar acceptances are gathered from approximately
40 institutions; includes U.S. chartered commercial banks (domestic and
foreign offices), U.S. branches and agencies of foreign banks, and Edge
and agreement corporations. The reporting group is revised every year.
1.33 PRIME RATE CHARGED BY BANKS Short-Term Business Loans(1)
Percent per year
Date of change Rate
1998--Jan. 1 8.50
Sept.30 8.25
Oct. 16 8.00
Nov. 18 7.75
1999--July 1 8.00
Aug. 25 8.25
Nov. 17 8.50
2000--Feb. 3 8.75
Mar. 22 9.00
May 17 9.50
2001--Jan. 4 9.00
Feb. 1 8.50
Mar. 21 8.00
Period Average
rate
1998 8.35
1999 8.00
2000 9.23
1998--Jan. 8.50
Feb. 8.50
Mar. 8.50
Apr. 8.50
May 8.50
June 8.50
July 8.50
Aug. 8.50
Sept. 8.49
Oct. 8.12
Nov. 7.89
Dec. 7.75
1999--Jan. 7.75
Feb. 7.75
Mar. 7.75
Apr. 7.75
May 7.75
June 7.75
July 8.00
Aug. 8.06
Sept. 8.25
Oct. 8.25
Nov. 8.37
Dec. 8.50
2000--Jan. 8.50
Feb. 8.73
Mar. 8.83
Apr. 9.00
May 9.24
June 9.50
July 9.50
Aug. 9.50
Sept. 9.50
Oct. 9.50
Nov. 9.50
Dec. 9.50
2001--Jan. 9.05
Feb. 8.50
Mar. 8.32
(1.) The prime rate is one of several base rates that banks use to
price short-term business loans. The table shows the date on which a
new rate came to be the predominant one quoted by a majority of the
twenty-five largest banks by asset size, based on the most recent Call
Report. Data in this table also appear in the Board's H.15 (519)
weekly and G.13 (415) monthly statistical releases. For ordering
address, see inside front cover.
1.35 INTEREST RATES Money and Capital Markets
Percent per year; figures are averages of business day data unless
otherwise noted
Item 1998 1999 2000
MONEY MARKET INSTRUMENTS
1 Federal funds(1,2,3) 5.35 4.97 6.24
2 Discount window borrowing(2,4) 4.92 4.62 5.73
Commercial paper(3,5,6)
Nonfinancial
3 1-month 5.40 5.09 6.27
4 2-month 5.38 5.14 6.29
5 3-month 5.34 5.18 6.31
Financial
6 1-month 5.42 5.11 6.28
7 2-month 5.40 5.16 6.30
8 3-month 5.37 5.22 6.33
Commercial paper
(historical)(3,5,7)
9 1-month n.a. n.a. n.a.
10 3-month n.a. n.a. n.a.
11 6-month n.a. n.a. n.a.
Finance paper, directly placed
(historical)(3,5,8)
12 1-month n.a. n.a. n.a.
13 3-month n.a. n.a. n.a.
14 6-month n.a. n.a. n.a.
Bankers acceptances(3,5,9)
15 3-month 5.39 5.24 6.23
16 6-month 5.30 5.30 6.37
Certificates of deposit,
secondary market(3,10)
17 1-month 5.49 5.19 6.35
18 3-month 5.47 5.33 6.46
19 6-month 5.44 5.46 6.59
20 Eurodollar deposits,
3-month(3,11) 5.45 5.31 6.45
U.S. Treasury bills
Secondary market(3,5)
21 3-month 4.78 4.64 5.82
22 6-month 4.83 4.75 5.90
23 1-year 4.80 4.81 5.78
Auction high(3,5,12)
24 3-month 4.81 4.66 5.66
25 6-month 4.85 4.76 5.85
26 1-year 4.85 4.78 5.85
U.S. TREASURY NOTES AND BONDS
Constant maturities(13)
27 1-year 5.05 5.08 6.11
28 2-year 5.13 5.43 6.26
29 3-year 5.14 5.49 6.22
30 5-year 5.15 5.55 6.16
31 7-year 5.28 5.79 6.20
32 10-year 5.26 5.65 6.03
33 20-year 5.72 6.20 6.23
34 30-year 5.58 5.87 5.94
Composite
35 More than 10 years (long-term) 5.69 6.14 6.41
STATE AND LOCAL NOTES AND BONDS
Moody's series(14)
36 Aaa 4.93 5.28 5.58
37 Baa 5.14 5.70 6.19
38 Bond Buyer series(15) 5.09 5.43 5.71
CORPORATE BONDS
39 Seasoned issues, all 6.87 7.45 7.98
industries(16)
Rating group
40 Aaa 6.53 7.05 7.62
41 Aa 6.80 7.36 7.83
42 A 6.93 7.53 8.11
43 Baa 7.22 7.88 8.36
MEMO
Dividend-price ratio(17)
44 Common stocks 1.49 1.25 1.15
2000 2001
Item
Nov. Dec. Jan.
MONEY MARKET INSTRUMENTS
1 Federal funds(1,2,3) 6.51 6.40 5.98
2 Discount window borrowing(2,4) 6.00 6.00 5.52
Commercial paper(3,5,6)
Nonfinancial
3 1-month 6.49 6.51 5.74
4 2-month 6.52 6.42 5.59
5 3-month 6.50 6.34 5.49
Financial
6 1-month 6.49 6.52 5.75
7 2-month 6.54 6.42 5.62
8 3-month 6.52 6.33 5.51
Commercial paper
(historical)(3,5,7)
9 1-month n.a. n.a. n.a.
10 3-month n.a. n.a. n.a.
11 6-month n.a. n.a. n.a.
Finance paper, directly placed
(historical)(3,5,8)
12 1-month n.a. n.a. n.a.
13 3-month n.a. n.a. n.a.
14 6-month n.a. n.a. n.a.
Bankers acceptances(3,5,9)
15 3-month n.a. n.a. n.a.
16 6-month n.a. n.a. n.a.
Certificates of deposit,
secondary market(3,10)
17 1-month 6.56 6.62 5.83
18 3-month 6.65 6.45 5.62
19 6-month 6.63 6.30 5.45
20 Eurodollar deposits,
3-month(3,11) 6.64 6.43 5.62
U.S. Treasury bills
Secondary market(3,5)
21 3-month 6.17 5.77 5.15
22 6-month 6.06 5.68 4.95
23 1-year 5.84 5.33 4.63
Auction high(3,5,12)
24 3-month n.a. n.a. n.a.
25 6-month n.a. n.a. n.a.
26 1-year n.a. n.a. n.a.
U.S. TREASURY NOTES AND BONDS
Constant maturities(13)
27 1-year 6.09 5.60 4.81
28 2-year 5.88 5.35 4.76
29 3-year 5.79 5.26 4.77
30 5-year 5.70 5.17 4.86
31 7-year 5.78 5.28 5.13
32 10-year 5.72 5.24 5.16
33 20-year 5.98 5.64 5.65
34 30-year 5.78 5.49 5.54
Composite
35 More than 10 years (long-term) n.a. n.a. n.a.
STATE AND LOCAL NOTES AND BONDS
Moody's series(14)
36 Aaa 5.38 5.11 4.99
37 Baa 6.17 5.85 5.76
38 Bond Buyer series(15) 5.54 5.22 5.10
CORPORATE BONDS
39 Seasoned issues, all
industries(16) 7.90 7.65 7.55
Rating group
40 Aaa 7.45 7.21 7.15
41 Aa 7.75 7.48 7.38
42 A 8.09 7.88 7.75
43 Baa 8.28 8.02 7.93
MEMO
Dividend-price ratio(17)
44 Common stocks 1.16 1.19 1.16
2001 2001, week ending
Item
Feb. Jan. 26 Feb. 2
MONEY MARKET INSTRUMENTS
1 Federal funds(1,2,3) 5.49 5.96 5.94
2 Discount window borrowing(2,4) 5.00 5.50 5.43
Commercial paper(3,5,6)
Nonfinancial
3 1-month 5.39 5.60 5.44
4 2-month 5.25 5.47 5.34
5 3-month 5.14 5.35 5.27
Financial
6 1-month 5.41 5.59 5.48
7 2-month 5.29 5.50 5.40
8 3-month 5.19 5.42 5.30
Commercial paper
(historical)(3,5,7)
9 1-month n.a. n.a. n.a,
10 3-month n.a. n.a. n.a.
11 6-month n.a. n.a. n.a.
Finance paper, directly placed
(historical)(3,5,8)
12 1-month n.a. n.a. n.a.
13 3-month n.a. n.a. n.a.
14 6-month n.a. n,a. n.a.
Bankers acceptances(3,5,9)
15 3-month n.a. n.a. n.a.
16 6-month n.a. n.a. n.a.
Certificates of deposit,
secondary market(3,10)
17 1-month 5.47 5.68 5.53
18 3-month 5.26 5.52 5.38
19 6-month 5.12 5.35 5.20
20 Eurodollar deposits,
3-month(3,11) 5.26 5.51 5.37
U.S. Treasury bills
Secondary market(3,5)
21 3-month 4.88 5.11 4.91
22 6-month 4.71 4.92 4.72
23 1-year 4.51 4.64 4.47
Auction high(3,5,12)
24 3-month n.a. n.a. n.a.
25 6-month n.a. n.a. n.a.
26 1-year n.a. n.a. n.a.
U.S. TREASURY NOTES AND BONDS
Constant maturities(13)
27 1-year 4.68 4.83 4.66
28 2-year 4.66 4.79 4.66
29 3-year 4.71 4.81 4.70
30 5-year 4.89 4.94 4.87
31 7-year 5.10 5.23 5.12
32 10-year 5.10 5.29 5.20
33 20-year 5.62 5.75 5.65
34 30-year 5.45 5.64 5.56
Composite
35 More than 10 years (long-term) n.a. n.a. n.a.
STATE AND LOCAL NOTES AND BONDS
Moody's series(14)
36 Aaa 5.09 5.10 5.04
37 Baa 5.86 5.85 5.83
38 Bond Buyer series(15) 5.18 5.20 5.15
CORPORATE BONDS
39 Seasoned issues, all
industries(16) 7.50 7.60 7.49
Rating group
40 Aaa 7.10 7.21 7.13
41 Aa 7.32 7.44 7.32
42 A 7.69 7.80 7.66
43 Baa 7.87 7.95 7.84
MEMO
Dividend-price ratio(17)
44 Common stocks 1.22 1.15 1.14
2001, week ending
Item
Feb. 9 Feb. 16 Feb. 2
MONEY MARKET INSTRUMENTS
1 Federal funds(1,2,3) 5.51 5.47 5.50
2 Discount window borrowing(2,4) 5.00 5.00 5.00
Commercial paper(3,5,6)
Nonfinancial
3 1-month 5.43 5.43 5.43
4 2-month 5.26 5.31 5.29
5 3-month 5.19 5.18 5.16
Financial
6 1-month 5.45 5.45 5.46
7 2-month 5.34 5.33 5.33
8 3-month 5.23 5.23 5.21
Commercial paper
(historical)(3,5,7)
9 1-month n.a. n.a. n.a.
10 3-month n.a. n.a. n.a.
11 6-month n.a. n.a. n.a.
Finance paper, directly placed
(historical)(3,5,8)
12 1-month n.a. n.a. n.a.
13 3-month n.a. n.a. n.a.
14 6-month n.a. n.a. n.a.
Bankers acceptances(3,5,9)
15 3-month n.a. n.a. n.a.
16 6-month n.a. n.a. n.a.
Certificates of deposit,
secondary market(3,10)
17 1-month 5.53 5.53 5.49
18 3-month 5.33 5.32 5.27
19 6-month 5.18 5.19 5.11
20 Eurodollar deposits,
3-month(3,11) 5.33 5.32 5.25
U.S. Treasury bills
Secondary market(3,5)
21 3-month 4.94 4.93 4.87
22 6-month 4.76 4.80 4.69
23 1-year 4.54 4.61 4.54
Auction high(3,5,12)
24 3-month n.a. n.a. n.a.
25 6-month n.a. n.a. n.a.
26 1-year n.a. n.a. n.a.
U.S. TREASURY NOTES AND BONDS
Constant maturities(13)
27 1-year 4.72 4.80 4.69
28 2-year 4.70 4.78 4.64
29 3-year 4.74 4.81 4.72
30 5-year 4.90 4.95 4.93
31 7-year 5.10 5.14 5.14
32 10-year 5.13 5.11 5.13
33 20-year 5.59 5.65 5.69
34 30-year 5.47 5.45 5.49
Composite
35 More than 10 years (long-term) n.a. n.a. n.a.
STATE AND LOCAL NOTES AND BONDS
Moody's series(14)
36 Aaa 5.04 5.14 5.12
37 Baa 5.83 5.90 5.89
38 Bond Buyer series(15) 5.15 5.20 5.21
CORPORATE BONDS
39 Seasoned issues, all
industries(16) 7.47 7.53 7.57
Rating group
40 Aaa 7.12 7.12 7.13
41 Aa 7.28 7.36 7.40
42 A 7.63 7.72 7.78
43 Baa 7.83 7.91 7.96
MEMO
Dividend-price ratio(17)
44 Common stocks 1.17 1.19 1.25
NOTE. Some of the data in this table also appear in the Board's H.15
(519) weekly and G.13 (415) monthly statistical releases. For ordering
address, see inside front cover.
(1.) The daily effective federal funds rate is a weighted average of
rates on trades through New York brokers.
(2.) Weekly figures are averages of seven calendar days ending on
Wednesday of the current week; monthly figures include each calendar
day in the month.
(3.) Annualized using a 360-day year or bank interest.
(4.) Rate for the Federal Reserve Bank of New York.
(5.) Quoted on a discount basis.
(6.) Interest rates interpolated from data on certain commercial paper
trades settled by the Depository Trust Company. The trades represent
sales of commercial paper by dealers or direct issuers to investors
(that is, the offer side). See the Board's Commercial Paper web
pages (http://www.federalreserve.gov/releases/cp) for more information.
(7.) An average of offering rates on commercial paper for firms whose
bond rating is AA or the equivalent. Series ended August 29, 1997.
(8.) An average of offering rates on paper directly placed by finance
companies. Series ended August 29, 1997.
(9.) Representative closing yields for acceptances of the highest-rated
money center banks.
(10.) An average of dealer offering rates on nationally traded
certificates of deposit.
(11.) Bid rates for eurodollar deposits collected around 9:30 a.m.
Eastern time. Data are for indication purposes only.
(12.) Auction date for daily data; weekly and monthly averages computed
on an issue-date basis. On or after October 28, 1998, data are stop
yields from uniform-price auctions. Before that, they are weighted
average yields from multiple-price auctions.
(13.) Yields on actively traded issues adjusted to constant maturities.
Source: U.S. Department of the Treasury.
(14.) General obligation bonds based on Thursday figures; Moody's
Investors Service.
(15.) State and local government general obligation bonds maturing
in twenty years are used in compiling this index. The twenty-bond
index has a rating roughly equivalent to Moodys' A1 rating. Based on
Thursday figures.
(16.) Daily figures from Moody's Investors Service. Based on yields to
maturity on selected long-term bonds.
(17.) Standard & Poor's corporate series. Common stock ratio is based
on the 500 stocks in the price index.
1.36 STOCK MARKET Selected Statistics
Indicator 1998 1999
Prices and trading volume
(averages of daily
figures)
Common stock prices (indexes)
1 New York Stock Exchange
(Dec. 31, 1965 = 50) 550.65 619.52
2 Industrial 684.35 775.29
3 Transportation 468.61 491.62
4 Utility 190.52 284.82
5 Finance 516.65 530.97
6 Standard & Poor's Corporation
(1941-43 = 10)(1) 1,085.50 1,327.33
7 American Stock Exchange
(Aug. 31, 1973 = 50)(2) 682.69 770.90
Volume of trading (thousands
of shares)
8 New York Stock Exchange 666,534 799,554
9 American Stock Exchange 28,870 32,629
Customer financing (millions
of dollars, end-of-period
balance)
10 Margin credit at broker-
dealers(3) 140,980(c) 228,530(c)
Free Credit balances at
brokers(4)
11 Margin accounts(5) 40,250(r) 55,130(c)
12 Cash account 62,450(c) 79,070(c)
Margin requirements (percent
of market value and effective
date)(6)
Mar. 11, 1968
13 Margin stocks 70
14 Convertible bonds 50
15 Short sales 70
2000
Indicator 2000
June
Prices and trading volume
(averages of daily
figures)
Common stock prices (indexes)
1 New York Stock Exchange
(Dec. 31, 1965 = 50) 643.71 649.61
2 Industrial 809.40 819.54
3 Transportation 414.73 395.09
4 Utility 478.99 501.93
5 Finance 552.48 544.51
6 Standard & Poor's Corporation
(1941-43 = 10)(1) 1,427.22 1,461.96
7 American Stock Exchange
(Aug. 31, 1973 = 50)(2) 922.22 934.90
Volume of trading (thousands
of shares)
8 New York Stock Exchange 1,026,867 971,137
9 American Stock Exchange 51,437 42,490
Customer financing (millions
of dollars, end-of-period
balance)
10 Margin credit at broker-
dealers(3) 198,790(c) 247,200
Free Credit balances at
brokers(4)
11 Margin accounts(5) 100,680(c) 64,970
12 Cash account 84,400(c) 74,140
Margin requirements (percent
of market value and effective
date)(6)
June 8, 1968
13 Margin stocks 80
14 Convertible bonds 60
15 Short sales 80
2000
Indicator
July Aug.
Prices and trading volume
(averages of daily
figures)
Common stock prices (indexes)
1 New York Stock Exchange
(Dec. 31, 1965 = 50) 653.27 666.14
2 Industrial 825.28 837.23
3 Transportation 410.67 419.84
4 Utility 484.19 459.91
5 Finance 556.32 597.17
6 Standard & Poor's Corporation
(1941-43 = 10)(1) 1,473.00 1,485.46
7 American Stock Exchange
(Aug. 31, 1973 = 50)(2) 930.66 920.54
Volume of trading (thousands
of shares)
8 New York Stock Exchange 941,694 875,087
9 American Stock Exchange 36,486 35,695
Customer financing (millions
of dollars, end-of-period
balance)
10 Margin credit at broker-
dealers(3) 244,970 247,560
Free Credit balances at
brokers(4)
11 Margin accounts(5) 71,730 68,020
12 Cash account 74,970 72,640
Margin requirements (percent
of market value and effective
date)(6)
May 6, 1970
13 Margin stocks 65
14 Convertible bonds 50
15 Short sales 65
2000
Indicator
Sept. Oct.
Prices and trading volume
(averages of daily
figures)
Common stock prices (indexes)
1 New York Stock Exchange
(Dec. 31, 1965 = 50) 667.05 646.53
2 Industrial 829.99 797.00
3 Transportation 404.23 403.20
4 Utility 463.76 469.16
5 Finance 616.89 587.76
6 Standard & Poor's Corporation
(1941-43 = 10)(1) 1,468.06 1,390.14
7 American Stock Exchange
(Aug. 31, 1973 = 50)(2) 952.74 913.64
Volume of trading (thousands
of shares)
8 New York Stock Exchange 1,026,597 1,167,025
9 American Stock Exchange 47,047 57,915
Customer financing (millions
of dollars, end-of-period
balance)
10 Margin credit at broker-
dealers(3) 250,780 233,376
Free Credit balances at
brokers(4)
11 Margin accounts(5) 70,959 83,131
12 Cash account 74,766 73,271
Margin requirements (percent
of market value and effective
date)(6)
Dec. 6, 1971
13 Margin stocks 55
14 Convertible bonds 50
15 Short sales 55
2000
Indicator
Nov. Dec.
Prices and trading volume
(averages of daily
figures)
Common stock prices (indexes)
1 New York Stock Exchange
(Dec. 31, 1965 = 50) 646.64 645.44
2 Industrial 800.88 792.66
3 Transportation 434.92 457.53
4 Utility 455.66 444.16
5 Finance 600.45 621.62
6 Standard & Poor's Corporation
(1941-43 = 10)(1) 1,375.04 1,330.93
7 American Stock Exchange
(Aug. 31, 1973 = 50)(2) 892.60 870.16
Volume of trading (thousands
of shares)
8 New York Stock Exchange 1,015,606 1,183,149
9 American Stock Exchange 58,541 73,759
Customer financing (millions
of dollars, end-of-period
balance)
10 Margin credit at broker-
dealers(3) 219,110 198,790
Free Credit balances at
brokers(4)
11 Margin accounts(5) 96,730 100,680
12 Cash account 74,050 84,400
Margin requirements (percent
of market value and effective
date)(6)
Nov. 24, 1972
13 Margin stocks 65
14 Convertible bonds 50
15 Short sales 65
2001
Indicator
Jan. Feb.
Prices and trading volume
(averages of daily
figures)
Common stock prices (indexes)
1 New York Stock Exchange
(Dec. 31, 1965 = 50) 650.55 648.05
2 Industrial 796.74 799.38
3 Transportation 471.21 482.26
4 Utility 440.36 424.53
5 Finance 634.17 626.41
6 Standard & Poor's Corporation
(1941-43 = 10)(1) 1,335.63 1,305.75
7 American Stock Exchange
(Aug. 31, 1973 = 50)(2) 898.18 923.99
Volume of trading (thousands
of shares)
8 New York Stock Exchange 1,299,986 1,117,977
9 American Stock Exchange 72,312 70,648
Customer financing (millions
of dollars, end-of-period
balance)
10 Margin credit at broker-
dealers(3) 197,110 186,780
Free Credit balances at
brokers(4)
11 Margin accounts(5) 90,380 99,400
12 Cash account 80,470 78,670
Margin requirements (percent
of market value and effective
date)(6)
Jan. 3, 1974
13 Margin stocks 50
14 Convertible bonds 50
15 Short sales 50
(1.) In July 1976 a financial group, composed of banks and insurance
companies, was added to the group of stocks on which the index is
based. The index is now based on 400 industrial stocks (formerly 425),
20 transportation (formerly 15 rail), 40 public utility (formerly 60),
and 40 financial.
(2.) On July 5, 1983, the American Stock Exchange rebased its index,
effectively cutting previous readings in half.
(3.) Since July 1983, under the revised Regulation T, margin credit at
broker-dealers has included credit extended against stocks, convertible
bonds, stocks acquired through the exercise of subscription rights,
corporate bonds, and government securities. Separate reporting of data
for margin stocks, convertible bonds, and subscription issues was
discontinued in April 1984.
(4.) Free credit balances are amounts in accounts with no unfulfilled
commitments to brokers and are subject to withdrawal by customers on
demand.
(5.) Series initiated in June 1984.
(6.) Margin requirements, stated in regulations adopted by the Board of
Governors pursuant to the Securities Exchange Act of 1934, limit the
amount of credit that can be used to purchase and carry "margin
securities" (as defined in the regulations) when such credit is
collateralized by securities. Margin requirements on securities are the
difference between the market value (100 percent) and the maximum loan
value of collateral as prescribed by the Board. Regulation T was
adopted effective Oct. 15, 1934; Regulation U, effective May 1, 1936;
Regulation G, effective Mar. 11, 1968; and Regulation X, effective
Nov. 1, 1971.
On Jan. 1, 1977, the Board of Governors for the first
time established in Regulation T the initial margin required for
writing options on securities, setting it at 30 percent of the current
market value of the stock underlying the option. On Sept. 30, 1985, the
Board changed the required initial margin, allowing it to be the same
as the option maintenance margin required by the appropriate exchange
or self-regulatory organization; such maintenance margin rules must be
approved by the Securities and Exchange Commission.
1.38 FEDERAL FISCAL AND FINANCING OPERATIONS
Millions of dollars
Fiscal year
Type of account or operation
1998 1999 2000
U.S. budget(1)
1 Receipts, total 1,721,798 1,827,302 2,025,218
2 On--budget 1,305,999 1,382,986 1,544,634
3 Off-budget 415,799 444,468 480,584
4 Outlays, total 1,652,224 1,702,942 1,788,826
5 On-budget 1,335,948 1,382,262 1,458,061
6 Off-budget 316,604 320,778 330,765
7 Surplus or deficit (-), total 69,246 124,414 236,392
8 On-budget -29,949 724 86,573
9 Off-budget 99,195 123,690 149,819
Source of financing (total)
10 Borrowing from the public -51,211 -88,674 -222,672
11 Operating cash (decrease,
or increase [-]) 4,743 -17,580 3,799
12 Other(2) -22,778 -18,160 -17,519
MEMO
13 Treasury operating balance
(level, end of period) 38,878 56,458 52,659
14 Federal Reserve Banks 4,952 6,641 8,459
15 Tax and loan accounts 33,926 49,817 44,199
Calendar year
Type of account or operation 2000
Sept. Oct. Nov.
U.S. budget(1)
1 Receipts, total 219,474 135,111 125,666
2 On--budget 176,695 101,121 89,216
3 Off-budget 42,779 33,990 36,450
4 Outlays, total 153,727 146,431 149,356
5 On-budget 114,751 115,840 116,737
6 Off-budget 38,901 30,592 32,619
7 Surplus or deficit (-), total 65,747 -11,321 -23,690
8 On-budget 61,944 -14,719 -27,521
9 Off-budget 3,878 3,398 3,831
Source of financing (total)
10 Borrowing from the public -32,334 -29,666 41,325
11 Operating cash (decrease,
or increase [-]) -39,479 42,653 -1,431
12 Other(2) 6,066 -1,666 -16,204
MEMO
13 Treasury operating balance
(level, end of period) 52,659 10,006 11,437
14 Federal Reserve Banks 8,459 5,360 4,382
15 Tax and loan accounts 44,199 4,646 7,055
Calendar year
Type of account or operation 2000 2001
Dec. Jan. Feb.
U.S. budget(1)
1 Receipts, total 200,489 219,215 110,481
2 On--budget 161,737 171,001 70,555
3 Off-budget 38,752 48,214 39,926
4 Outlays, total 167,823 142,836 158,649
5 On-budget 132,747 144,448 123,573
6 Off-budget 35,075 -1,613 35,076
7 Surplus or deficit (-), total 32,666 76,379 -48,168
8 On-budget 28,990 26,553 -53,018
9 Off-budget 3,677 49,827 4,850
Source of financing (total)
10 Borrowing from the public -36,689 -23,990 15,100
11 Operating cash (decrease,
or increase [-]) -9,632 -45,761 45,717
12 Other(2) 13,655 -6,628 -12,649
MEMO
13 Treasury operating balance
(level, end of period) 21,069 66,830 21,113
14 Federal Reserve Banks 5,149 5,256 4,956
15 Tax and loan accounts 15,920 61,574 16,158
(1.) Since 1990, off-budget items have been the social security trust
funds (Federal Old-Age, Survivors, and Disability Insurance) and the
U.S. Postal Service.
(2.) Includes special drawing rights (SDRs); reserve position on the
U.S. quota in the International Monetary Fund (IMF); loans to the IMF;
other cash and monetary assets; accrued interest payable to the public;
allocations of SDRs; deposit funds; miscellaneous liability (including
checks outstanding) and asset accounts; seigniorage; increment on gold;
net gain or loss for U.S. currency valuation adjustment; net gain or
loss for IMF loan-valuation adjustment; and profit on sale of gold.
SOURCE. Monthly totals: U.S. Department of the Treasury, Monthly
Treasury Statement of Receipts and Outlays of the U.S. Government;
fiscal year totals: U.S. Office of Management and Budget, Budget of the
U.S. Government when available.
1.39 U.S. BUDGET RECEIPTS AND OUTLAYS(1)
Millions of dollars
Fiscal year
Source or type
1999 2000
RECEIPTS
1 All sources 1,827,302(r) 2,025,218
2 Individual income taxes, net 879,480 1,004,462
3 Withheld 693,940 780,397
4 Nonwithheld 308,185 358,049
5 Refunds 122,706 134,046
Corporation income taxes
6 Gross receipts 216,324 235,655
7 Refunds 31,645 28,367
8 Social insurance taxes and
contributions, net 611,833 652,852
9 Employment taxes and
contributions(2) 580,880 620,451
10 Unemployment insurance 26,480 27,640
11 Other net receipts(3) 4,473 4,761
12 Excise taxes 70,414 68,865
13 Customs deposits 18,336 19,914
14 Estate and gift taxes 27,782 29,010
15 Miscellaneous receipts(4) 34,929 42,826
OUTLAYS
16 All types 1,702,942 1,788,826
17 National defense 274,873 294,494
18 International affairs 15,243 17,216
19 General science, space,
and technology 18,125 18,637
20 Energy 912 -1,060
21 Natural resources and
environment 23,970 25,031
22 Agriculture 23,011 36,641
23 Commerce and housing credit 2,649 3,211
24 Transportation 42,531 46,854
25 Community and regional
development 11,870 10,629
26 Education, training,
employment, and
social services 56,402 59,201
27 Health 141,079 154,534
28 Social security and Medicare 580,488 606,549
29 Income security 237,707 247,895
30 Veterans benefits and
services 43,212 47,083
31 Administration of justice 25,924 27,820
32 General government 15,771 13,454
33 Net interest(5) 229,735 223,218
34 Undistributed offsetting
receipts(6) -40,445 -42,581
Calendar year
Source or type 1999
H1 H2
RECEIPTS
1 All sources 966,045 892,266
2 Individual income taxes, net 481,907 425,451
3 Withheld 351,068 372,012
4 Nonwithheld 240,278 68,302
5 Refunds 109,467 14,841
Corporation income taxes
6 Gross receipts 106,861 110,111
7 Refunds 17,092 13,996
8 Social insurance taxes and
contributions, net 324,831 292,551
9 Employment taxes and
contributions(2) 306,235 280,059
10 Unemployment insurance 16,378 10,173
11 Other net receipts(3) 2,216 2,319
12 Excise taxes 31,015 34,262
13 Customs deposits 8,440 10,287
14 Estate and gift taxes 14,915 14,001
15 Miscellaneous receipts(4) 15,140 19,569
OUTLAYS
16 All types 817,227 882,465
17 National defense 134,414 149,573
18 International affairs 6,879 8,530
19 General science, space,
and technology 9,319 10,089
20 Energy 797 -90
21 Natural resources and
environment 10,351 12,100
22 Agriculture 9,803 20,887
23 Commerce and housing credit -1,629 7,353
24 Transportation 17,082 23,199
25 Community and regional
development 5,368 6,806
26 Education, training,
employment, and
social services 29,003 27,532
27 Health 69,320 74,490
28 Social security and Medicare 261,146 295,030
29 Income security 126,552 113,504
30 Veterans benefits and
services 20,105 23,412
31 Administration of justice 13,149 13,459
32 General government 6,641 7,010
33 Net interest(5) 116,655 112,420
34 Undistributed offsetting
receipts(6) -17,724 -22,850
Calendar year
Source or type 2000
H1 H2
RECEIPTS
1 All sources 1,089,763(r) 952,942(r)
2 Individual income taxes, net 550,208 458,679
3 Withheld 388,526 395,572
4 Nonwithheld 281,103 77,732
5 Refunds 119,477 14,628
Corporation income taxes
6 Gross receipts 119,166 123,962
7 Refunds 13,781 15,776
8 Social insurance taxes and
contributions, net 353,514 310,122
9 Employment taxes and
contributions(2) 333,584 297,665
10 Unemployment insurance 17,562 10,097
11 Other net receipts(3) 2,368 2,360
12 Excise taxes 33,532 35,501
13 Customs deposits 9,218 10,676
14 Estate and gift taxes 15,073 13,216
15 Miscellaneous receipts(4) 22,831 16,556
OUTLAYS
16 All types 892,947 894,905(r)
17 National defense 143,476 147,651
18 International affairs 7,250 11,902
19 General science, space,
and technology 9,601 10,389
20 Energy -893 -595
21 Natural resources and
environment 10,814 12,907
22 Agriculture 11,164 20,977
23 Commerce and housing credit -2,497 4,408
24 Transportation 21,054 25,841
25 Community and regional
development 5,050 5,962
26 Education, training,
employment, and
social services 31,234 29,263
27 Health 75,871 81,413
28 Social security and Medicare 306,966 307,473
29 Income security 133,915 113,212
30 Veterans benefits and
services 23,174 22,615
31 Administration of justice 13,981 14,635
32 General government 6,198 6,461
33 Net interest(5) 115,545 104,685
34 Undistributed offsetting
receipts(6) -19,346 -24,070
Calendar year
Source or type 2000 2001
Dec. Jan. Feb.
RECEIPTS
1 All sources 200,489 219,215 110,481
2 Individual income taxes, net 83,485 135,702 48,030
3 Withheld 78,133 84,319 70,179
4 Nonwithheld 6,468 52,713 3,454
5 Refunds 1,116 1,330 25,610
Corporation income taxes
6 Gross receipts 53,192 7,778 3,474
7 Refunds 1,886 2,066 4,973
8 Social insurance taxes and
contributions, net 53,559 64,214 53,473
9 Employment taxes and
contributions(2) 52,932 62,259 50,868
10 Unemployment insurance 260 1,596 2,147
11 Other net receipts(3) 367 359 457
12 Excise taxes 5,865 5,307 4,074
13 Customs deposits 1,461 1,694 1,474
14 Estate and gift taxes 1,863 2,403 1,879
15 Miscellaneous receipts(4) 2,949 4,183 3,050
OUTLAYS
16 All types 167,823 142,836 158,649
17 National defense 29,176 21,792 22,555
18 International affairs 4,828 1,289 1,153
19 General science, space,
and technology 1,868 1,383 1,619
20 Energy 182 -378 -174
21 Natural resources and
environment 2,083 1,708 1,737
22 Agriculture 3,618 3,870 2,003
23 Commerce and housing credit 555 -943 -487
24 Transportation 4,035 3,323 3,502
25 Community and regional
development 822 722 939
26 Education, training,
employment, and
social services 6,122 5,660 5,957
27 Health 12,975 14,087 13,011
28 Social security and Medicare 54,224 50,633 52,154
29 Income security 23,882 18,473 33,203
30 Veterans benefits and
services 5,520 2,101 4,089
31 Administration of justice 2,495 2,602 2,201
32 General government 1,205 707 2,400
33 Net interest(5) 17,122 19,575 17,590
34 Undistributed offsetting
receipts(6) -2,889 -3,767 -4,802
(1.) Functional details do not sum to total outlays for calendar year
data because revisions to monthly totals have not been distributed
among functions. Fiscal year total for receipts and outlays do not
correspond to calendar year data because revisions from the Budget
have not been fully distributed across months.
(2.) Old-age, disability, and hospital insurance, and railroad
retirement accounts.
(3.) Federal employee retirement contributions and civil service
retirement and disability fund.
(4.) Deposits of earnings by Federal Reserve Banks and other
miscellaneous receipts.
(5.) Includes interest received by trust funds.
(6.) Rents and royalties for the outer continental shelf, U.S.
government contributions for employee retirement, and certain asset
sales.
SOURCE. Fiscal year totals: U.S. Office of Management and Budget,
Budget of the U.S. Government, Fiscal Year 2002; monthly and half-year
totals: U.S. Department of the Treasury, Monthly Treasury Statement of
Receipts and Outlays of the U.S. Government.
1.40 FEDERAL DEBT SUBJECT TO STATUTORY LIMITATION
Billions of dollars, end of month
1998 1999
Item
Dec. 31 Mar. 31 June 30
1 Federal debt outstanding 5,643 5,681 5,668
2 Public debt securities 5,614 5,652 5,639
3 Held by public 3,787 3,795 3,685
4 Held by agencies 1,827 1,857 1,954
5 Agency securities 29 29 29
6 Held by public 29 28 28
7 Held by agencies 1 1 1
8 Debt subject to
statutory limit 5,530 5,566 5,552
9 Public debt securities 5,530 5,566 5,552
10 Other debt(1) 0 0 0
MEMO
11 Statutory debt limit 5,950 5,950 5,950
1999 2000
Item
Sept. 30 Dec. 31 Mar. 31
1 Federal debt outstanding 5,685 5,805 5,802
2 Public debt securities 5,656 5,776 5,773
3 Held by public 3,667 3,716 3,688
4 Held by agencies 1,989 2,061 2,085
5 Agency securities 29 29 28
6 Held by public 28 28 28
7 Held by agencies 1 1 0
8 Debt subject to
statutory limit 5,568 5,687 5,687
9 Public debt securities 5,568 5,687 5,686
10 Other debt(1) 0 0 0
MEMO
11 Statutory debt limit 5,950 5,950 5,950
2000
Item
June 30 Sept. 30 Dec. 31
1 Federal debt outstanding 5,714 5,702 5,690
5,686 5,674 5,662
2 Public debt securities 3,496 3,439 3,414(r)
3 Held by public 2,190 2,236 2,249
4 Held by agencies
28 28 27
5 Agency securities 28 28 27
6 Held by public 0 0 0
7 Held by agencies
8 Debt subject to 5,601 5,592 5,581
statutory limit
5,601 5,591 5,580
9 Public debt securities 0 0 0
10 Other debt(1)
MEMO 5,950 5,950 5,950
11 Statutory debt limit
(1.) Consists of guaranteed debt of U.S. Treasury and other federal
agencies, specified participation certificates, notes to international
lending organizations, and District of Columbia stadium bonds.
SOURCE. U.S. Department of the Treasury, Monthly Statement of the
Public Debt of the United States and Monthly Treasury Statement.
1.41 GROSS PUBLIC DEBT OF U.S. TREASURY Types and Ownership
Billions of dollars, end of period
Type and holder 1997 1998 1999
1 Total gross public debt 5,502.4 5,614.2 5,776.1
By type
2 Interest-beating 5,494.9 5,605.4 5,766.1
3 Marketable 3,456.8 3,355.5 3,281.0
4 Bills 715.4 691.0 737.1
5 Notes 2,106.1 1,960.7 1,784.5
6 Bonds 587.3 621.2 643.7
7 Inflation-indexed notes
and bonds(1) 33.0 67.6 100.7
8 Nonmarketable(2) 2,038.1 2,249.9 2,485.1
9 State and local,
government series 124.1 165.3 165.7
10 Foreign issues(3) 36.2 34.3 31.3
11 Government 36.2 34.3 31.3
12 Public 0.0 0.0 0.0
13 Savings bonds and notes 181.2 180.3 179.4
14 Government account
series(4) 1,666.7 1,840.0 2,078.7
15 Non-interest-bearing 7.5 8.8 10.0
By holder(5)
16 U.S. Treasury and other
federal agencies
and trust funds 1,657.1(r) 1,828.1(r) 2,064.2(r)
17 Federal Reserve Banks(6) 430.7(r) 452.1(r) 478.0(r)
18 Private investors 3,414.6 3,334.0 3,233.9
19 Depository institutions 300.3 237.3 246.5(r)
20 Mutual funds 321.5 343.2 348.6
21 Insurance companies 176.6 144.5 125.3
22 State and local
treasuries(7) 239.3 269.3 266.8
Individuals
23 Savings bonds 186.5 186.6(r) 186.4(r)
24 Pension funds 360.5(r) 375.3(r) 380.9(r)
25 Private 143.5(r) 157.6(r) 167.7(r)
26 State and Local 216.9 217.7(r) 213.2
27 Foreign and
international(8) 1,241.6 1,278.7 1,268.8
28 Other miscellaneous
investors(7,9) 589.5 498.8 407.1
2000
Type and holder 2000
Q1 Q2
1 Total gross public debt 5,662.2 5,773.4 5,685.9
By type
2 Interest-beating 5,618.1 5,763.8 5,675.9
3 Marketable 2,966.9 3,261.2 3,070.7
4 Bills 646.9 753.3 629.9
5 Notes 1,557.3 1,732.6 1,679.1
6 Bonds 626.5 653.0 637.7
7 Inflation-indexed notes
and bonds(1) 121.2 107.4 109.0
8 Nonmarketable(2) 2,651.2 2,502.6 2,605.2
9 State and local,
government series 151.0 161.9 160.4
10 Foreign issues(3) 27.2 28.8 27.7
11 Government 27.2 28.8 27.7
12 Public 0.0 0.0 0.0
13 Savings bonds and notes 176.9 178.6 177.7
14 Government account
series(4) 2,266.1 2,103.3 2,209.4
15 Non-interest-bearing 44.2 9.6 10.1
By holder(5)
16 U.S. Treasury and other
federal agencies
and trust funds 2,270.2 2,088.9(r) 2,193.6(r)
17 Federal Reserve Banks(6) 511.7 501.7 504.9
18 Private investors 2,880.4 3,182.8 2,987.4
19 Depository institutions 197.9 234.9(r) 219.4
20 Mutual funds 336.4 339.6(r) 322.4
21 Insurance companies 119.5 124.1(r) 121.3
22 State and local
treasuries(7) 246.2 257.2 256.4
Individuals
23 Savings bonds 184.8 1,853.0 184.6
24 Pension funds 375.8 382.1(r) 384.1(r)
25 Private 181.3 171.0(r) 173.6(r)
26 State and Local 194.5 211.1 210.5(r)
27 Foreign and
international(8) 1,220.8 1,273.9 1,248.9
28 Other miscellaneous
investors(7,9) n.a. 382.1(r) 246.7(r)
2000
Type and holder
Q3 Q4
1 Total gross public debt 5,674.2 5,662.2
By type
2 Interest-beating 5,622.1 5,618.1
3 Marketable 2,992.8 2,966.9
4 Bills 616.2 646.9
5 Notes 1,611.3 1,557.3
6 Bonds 635.3 626.5
7 Inflation-indexed notes
and bonds(1) 115.0 121.2
8 Nonmarketable(2) 2,629.3 2,651.2
9 State and local,
government series 153.3 151.0
10 Foreign issues(3) 25.4 27.2
11 Government 25.4 27.2
12 Public 0.0 0.0
13 Savings bonds and notes 177.7 176.9
14 Government account
series(4) 2,242.9 2,266.1
15 Non-interest-bearing 52.1 44.2
By holder(5)
16 U.S. Treasury and other
federal agencies
and trust funds 2,226.5(r) 2,270.2
17 Federal Reserve Banks(6) 511.4 511.7
18 Private investors 2,936.2 2,880.4
19 Depository institutions 218.3 197.9
20 Mutual funds 323.7 336.4
21 Insurance companies 120.6 119.5
22 State and local
treasuries(7) 246.9 246.2
Individuals
23 Savings bonds 184.3(r) 184.8
24 Pension funds 379.1 375.8
25 Private 179.2 181.3
26 State and Local 199.9 194.5
27 Foreign and
international(8) 1,225.2 1,220.8
28 Other miscellaneous
investors(7,9) 224.4 n.a.
(1.) The U.S. Treasury first issued inflation-indexed securities
during the first quarter of 1997.
(2.) Includes (not shown separately) securities issued to the Rural
Electrification Administration, depository bonds, retirement plan
bonds, and individual retirement bonds.
(3.) Nonmarketable series denominated in dollars, and series
denominated in foreign currency held by foreigners.
(4.) Held almost entirely by U.S. Treasury and other federal
agencies and trust funds.
(5.) Data for Federal Reserve Banks and U.S. government agencies
and trust funds are actual holdings; data for other groups are
Treasury estimates.
(6.) U.S. Treasury securities bought outright by Federal Reserve
Banks, see Bulletin table 1.18.
(7.) In March 1996, in a redefinition of series, fully defeased
debt backed by nonmarketable federal securities was removed from
"Other miscellaneous investors" and added to "State and
local treasuries." The data shown here have been revised
accordingly.
(8.) Includes nonmarketable foreign series Treasury securities and
Treasury deposit funds. Excludes Treasury securities held under
repurchase agreements in custody accounts at the
Federal Reserve Bank of New York.
(9.) Includes individuals, government-sponsored enterprises,
brokers and dealers, bank personal trusts and estates, corporate
and noncorporate businesses, and other investors.
SOURCES. Data by type of security, U.S. Treasury Department,
Monthly Statement of the Public Debt of the United States; data by
holder, Federal Reserve Board of Governors, Flow
of Funds Accounts of the United States and U.S. Treasury
Department, Treasury Bulletin, unless otherwise noted.
1.42 U.S. GOVERNMENT SECURITIES DEALERS Transactions(1)
Millions of dollars, daily averages
2000 2001
Item
Nov. Dec. Jan.
OUTRIGHT TRANSACTIONS(2)
By type of security
1 U.S. Treasury bills 33,213 33,972 30,524
Coupon securities, by maturity
2 Five years or less 116,403 142,810 184,852
3 More than five years 62,146 80,454 92,425
4 Inflation-indexed 1,033 1,441 2,801
Federal agency
5 Discount notes 52,139 54,545 62,160
Coupon securities, by maturity
6 One year or less 1,094 1,821 1,451
7 More than one year, but
less than
or equal to five years 9,936 10,987 15,202
8 More than five years 7,450 12,455 12,984
9 Mortgage-backed 80,031 77,576 100,680
By type of counterparty
With interdealer broker
10 U.S. Treasury 92,335 117,395 145,363
11 Federal agency 8,654 11,965 13,683
12 Mortgage-backed 23,812 26,775 31,191
With other
13 U.S. Treasury 120,459 141,282 165,238
14 Federal agency 61,966 67,843 78,114
15 Mortgage-backed 56,219 50,801 69,489
FUTURES TRANSACTIONS(3)
By type of deliverable security
16 U.S. Treasury bills 0 n.a. n.a.
Coupon securities, by maturity
17 Five years or less 3,309 3,629 3,821
18 More than five years 13,051 14,020 15,474
19 Inflation-indexed 0 0 0
Federal agency
20 Discount notes 0 0 0
Coupon securities, by maturity
21 One year or less 0 0 0
22 More than one year, but
less than
or equal to five years 0 0 0
23 More than five years 72 325 63
24 Mortgage-backed 0 0 0
OPTIONS TRANSACTIONS(4)
By type of underlying security
25 U.S. Treasury bills 0 0 0
Coupon securities, by maturity
26 Five years or less 1,548 1,380 1,116
27 More than five years 3,619 4,111 4,423
28 Inflation-indexed 0 0 0
Federal agency
29 Discount notes 0 0 0
Coupon securities, by maturity
30 One year or less 0 0 0
31 More than one year, but
less than
or equal to five years n.a. 0 20
32 More than five years 124 14 105
33 Mortgage-backed 1,272 1,228 1,269
2001, week ending
Item
Jan. 3 Jan. 10 Jan. 17
OUTRIGHT TRANSACTIONS(2)
By type of security
1 U.S. Treasury bills 46,063 31,026 31,192
Coupon securities, by maturity
2 Five years or less 138,635 233,089 167,473
3 More than five years 70,178 108,729 88,749
4 Inflation-indexed 2,034 5,306 2,310
Federal agency
5 Discount notes 63,200 53,350 66,652
Coupon securities, by maturity
6 One year or less 1,225 1,246 2,800
7 More than one year, but
less than
or equal to five years 10,168 21,825 13,689
8 More than five years 7,280 17,020 10,642
9 Mortgage-backed 54,267 144,559 114,402
By type of counterparty
With interdealer broker
10 U.S. Treasury 117,676 178,968 139,148
11 Federal agency 11,240 18,578 11,889
12 Mortgage-backed 22,031 44,970 30,924
With other
13 U.S. Treasury 139,234 199,182 150,575
14 Federal agency 70,633 74,862 81,895
15 Mortgage-backed 32,236 99,589 83,479
FUTURES TRANSACTIONS(3)
By type of deliverable security
16 U.S. Treasury bills n.a. n.a. n.a.
Coupon securities, by maturity
17 Five years or less 2,637 4,007 3,831
18 More than five years 11,731 17,813 15,512
19 Inflation-indexed 0 0 0
Federal agency
20 Discount notes 0 0 0
Coupon securities, by maturity
21 One year or less 0 0 0
22 More than one year, but
less than
or equal to five years 0 0 0
23 More than five years n.a. 118 55
24 Mortgage-backed 0 0 0
OPTIONS TRANSACTIONS(4)
By type of underlying security
25 U.S. Treasury bills 0 0 0
Coupon securities, by maturity
26 Five years or less 407 1,628 1,553
27 More than five years 3,491 6,201 4,420
28 Inflation-indexed 0 0 0
Federal agency
29 Discount notes 0 0 0
Coupon securities, by maturity
30 One year or less 0 0 0
31 More than one year, but
less than
or equal to five years 0 0 0
32 More than five years 0 n.a. n.a.
33 Mortgage-backed 1,092 2,105 692
2001, week ending
Item
Jan. 24 Jan. 31 Feb. 7
OUTRIGHT TRANSACTIONS(2)
By type of security
1 U.S. Treasury bills 25,294 28,501 26,276
Coupon securities, by maturity
2 Five years or less 184,622 169,233 169,260
3 More than five years 83,347 97,040 106,574
4 Inflation-indexed 2,387 1,411 1,670
Federal agency
5 Discount notes 61,610 67,509 66,661
Coupon securities, by maturity
6 One year or less 793 1,324 1,823
7 More than one year, but
less than
or equal to five years 13,104 13,901 14,215
8 More than five years 13,583 12,505 11,961
9 Mortgage-backed 104,151 60,919 128,664
By type of counterparty
With interdealer broker
10 U.S. Treasury 135,431 137,738 143,319
11 Federal agency 12,816 12,066 12,146
12 Mortgage-backed 30,977 21,504 41,121
With other
13 U.S. Treasury 160,220 158,446 160,461
14 Federal agency 76,273 83,173 82,514
15 Mortgage-backed 73,174 39,415 87,543
FUTURES TRANSACTIONS(3)
By type of deliverable security
16 U.S. Treasury bills n.a. n.a. 0
Coupon securities, by maturity
17 Five years or less 4,256 3,666 3,221
18 More than five years 15,182 14,893 14,148
19 Inflation-indexed 0 0
Federal agency
20 Discount notes 0 0 0
Coupon securities, by maturity
21 One year or less 0 0 0
22 More than one year, but
less than
or equal to five years n.a. 0 0
23 More than five years 20 58 17
24 Mortgage-backed 0 0 0
OPTIONS TRANSACTIONS(4)
By type of underlying security
25 U.S. Treasury bills 0 0 0
Coupon securities, by maturity
26 Five years or less 754 902 826
27 More than five years 3,853 3,590 4,190
28 Inflation-indexed 0 0 0
Federal agency
29 Discount notes 0 0 0
Coupon securities, by maturity
30 One year or less 0 0 0
31 More than one year, but
less than
or equal to five years 0 0 0
32 More than five years 55 197 0
33 Mortgage-backed 1,206 1,029 2,048
2001, week ending
Item
Feb. 14 Feb. 21 Feb. 28
OUTRIGHT TRANSACTIONS(2)
By type of security
1 U.S. Treasury bills 23,666 23,684 48,699
Coupon securities, by maturity
2 Five years or less 164,570 162,784 208,772
3 More than five years 97,364 73,762 106,457
4 Inflation-indexed 950 1,910 2,209
Federal agency
5 Discount notes 62,908 64,851 70,415
Coupon securities, by maturity
6 One year or less 1,118 1,742 1,005
7 More than one year, but
less than
or equal to five years 16,041 13,458 32,471
8 More than five years 9,160 7,461 10,665
9 Mortgage-backed 140,877 80,090 78,285
By type of counterparty
With interdealer broker
10 U.S. Treasury 136,292 120,840 165,470
11 Federal agency 11,317 10,849 15,803
12 Mortgage-backed 38,985 20,191 27,846
With other
13 U.S. Treasury 150,258 141,300 200,667
14 Federal agency 77,910 76,663 98,753
15 Mortgage-backed 101,892 59,899 50,439
FUTURES TRANSACTIONS(3)
By type of deliverable security
16 U.S. Treasury bills n.a. n.a. n.a.
Coupon securities, by maturity
17 Five years or less 3,734 3,685 6,171
18 More than five years 16,827 15,705 22,167
19 Inflation-indexed 0 0 0
Federal agency
20 Discount notes 0 0 0
Coupon securities, by maturity
21 One year or less 0 0 0
22 More than one year, but
less than
or equal to five years 0 0 0
23 More than five years n.a. 36 139
24 Mortgage-backed 0 0 0
OPTIONS TRANSACTIONS(4)
By type of underlying security
25 U.S. Treasury bills 0 0 0
Coupon securities, by maturity
26 Five years or less 1,172 1,188 743
27 More than five years 4,683 3,975 3,778
28 Inflation-indexed 0 0 0
Federal agency
29 Discount notes 0 0 0
Coupon securities, by maturity
30 One year or less 0 0 0
31 More than one year, but
less than
or equal to five years 0 0 0
32 More than five years 93 101 278
33 Mortgage-backed 1,445 1,113 1,104
(1.) Transactions are market purchases and sales of securities as
reported to the Federal Reserve Bank of New York by the U.S.
government securities dealers on its published list of
primary dealers. Monthly averages are based on the number of
trading days in the month. Transactions are assumed to be evenly
distributed among the trading days of the report week.
Immediate, forward, and futures transactions are reported at
principal value, which does not include accrued interest; options
transactions are reported at the face value of the underlying
securities.
Dealers report cumulative transactions for each week ending
Wednesday.
(2.) Outright transactions include immediate and forward
transactions. Immediate delivery refers to purchases or sales of
securities (other than mortgage-backed federal agency securities)
for which delivery is scheduled in five business days or less and
"when-issued" securities that settle on the issue dale of offering.
Transactions for immediate delivery of mortgage-backed agency
securities include purchases and sales for which delivery is
scheduled in thirty business days or less. Stripped securities
are required at market value by maturity of coupon or corpus.
Forward transactions are agreements made in the over-the-counter
market that specify delayed delivery. Forward contracts for
U.S. Treasury securities and federal agency debt
securities are included when the time to delivery is more than
five business days. Forward contracts for mortgage-backed agency
securities are included when the time to delivery is
more than thirty business days.
(3.) Futures transactions are standardized agreements arranged
on an exchange. All futures transactions are included regardless of
time to delivery.
(4.) Options transactions are purchases or sales of put and call
options, whether arranged on an organized exchange or in the
over-the-counter market, and include options on futures
contracts on U.S. Treasury and federal agency securities.
NOTE. "n.a." indicates that data are not published because of
insufficient activity.
1.43 U.S. GOVERNMENT SECURITIES DEALERS Positions and Financing(1)
Millions of dollars
2000 2001
Item
Nov. Dec. Jan.
Positions(2)
NET OUTRIGHT POSITIONS(3)
By type of security
1 U.S. Treasury bills 6,870 15,431 10,534
Coupon securities, by maturity
2 Five years or less -28,545 -18,515 -12,508
3 More than five years -11,005 -13,463 -10,547
4 Inflation-indexed 3,015 1,713 3,574
Federal agency
5 Discount notes 29,599 31,108 30,005
Coupon securities, by maturity
6 One year or less 16,088 16,590 17,285
7 More than one year, but
less than
or equal to five years 7,057 7,293 6,450
8 More than five years 4,043 5,104 6,360
9 Mortgage-backed 12,132 14,596 15,656
NET FUTURES POSITIONS(4)
By type of deliverable security
10 U.S. Treasury bills n.a. 0 n.a.
Coupon securities, by maturity
11 Five years or less 1,921 -252 1,131
12 More than five years -2,745 -3,090 -6,366
13 Inflation indexed 0 0 0
Federal agency
14 Discount notes 0 0 0
Coupon securities, by maturity
15 One year or less 0 0 0
16 More than one year, but
less than
or equal to five years 0 0 0
17 More than five years -1,364 -521 -91
18 Mortgage-backed 0 0 0
NET OPTIONS POSITIONS
By type of deliverable security
19 U.S. Treasury bills 0 0 0
Coupon securities, by maturity
20 Five years or less -1,768 -684 767
21 More than five years -203 -93 1,054
22 Inflation-indexed 0 0 0
Federal agency
23 Discount notes 0 0 0
Coupon securities, by maturity
24 One year or less 0 0 0
25 More than one year, but
less than
or equal to five years -209 -528 -529
26 More than five years 259 533 603
27 Mortgage-backed 2,892 2,031 894
Financing(5)
Reverse repurchase agreements
28 Overnight and continuing 310,115 336,969 348,805
29 Term 824,867 821,860 803,216
Securities borrowed
30 Overnight and continuing 271,420 263,064 270,561
31 Term 123,967 137,491 129,862
Securities received as pledge
32 Overnight and continuing 2,748 3,029 3,382
33 Term n.a. n.a. n.a.
Repurchase agreements
34 Overnight and continuing 724,736 769,228 794,087
35 Term 796,328 785,387 764,792
Securities loaned
36 Overnight and continuing 8,221 8,587 9,914
37 Term 4,465 4,284 4,185
Securities pledged
38 Overnight and continuing 56,285 56,939 54,311
39 Term 3,981 4,207 4,032
Collateralized loans
40 Total 26,695 25,778 24,507
2001, week ending
Item
Jan. 3 Jan. 10 Jan. 17
Positions(2)
NET OUTRIGHT POSITIONS(3)
By type of security
1 U.S. Treasury bills 12,648 11,859 6,987
Coupon securities, by maturity
2 Five years or less -13,626 -10,388 -12,565
3 More than five years -13,363 -10,442 -10,434
4 Inflation-indexed 1,400 4,458 3,628
Federal agency
5 Discount notes 29,242 29,498 33,882
Coupon securities, by maturity
6 One year or less 17,187 15,160 17,826
7 More than one year, but
less than
or equal to five years 5,520 6,757 6,822
8 More than five years 6,141 6,573 8,037
9 Mortgage-backed 20,050 17,785 16,521
NET FUTURES POSITIONS(4)
By type of deliverable security
10 U.S. Treasury bills n.a. n.a. n.a.
Coupon securities, by maturity
11 Five years or less 601 -859 -475
12 More than five years -1,608 -4,660 -6,726
13 Inflation indexed 0 0 0
Federal agency
14 Discount notes 0 0 0
Coupon securities, by maturity
15 One year or less 0 0 0
16 More than one year, but
less than
or equal to five years 0 0 0
17 More than five years -215 -68 -56
18 Mortgage-backed 0 0 0
NET OPTIONS POSITIONS
By type of deliverable security
19 U.S. Treasury bills 0 0 0
Coupon securities, by maturity
20 Five years or less -344 1,248 1,421
21 More than five years 1,043 1,021 1,294
22 Inflation-indexed 0 0 0
Federal agency
23 Discount notes 0 0 0
Coupon securities, by maturity
24 One year or less 0 0 0
25 More than one year, but
less than
or equal to five years -660 -586 -561
26 More than five years 731 836 268
27 Mortgage-backed -537 -207 360
Financing(5)
Reverse repurchase agreements
28 Overnight and continuing 344,120 349,812 344,926
29 Term 716,768 771,154 802,742
Securities borrowed
30 Overnight and continuing 268,404 280,055 273,500
31 Term 138,307 132,370 128,726
Securities received as pledge
32 Overnight and continuing n.a. n.a. n.a.
33 Term n.a. n.a. n.a.
Repurchase agreements
34 Overnight and continuing 775,926 784,189 802,148
35 Term 692,715 744,867 766,159
Securities loaned
36 Overnight and continuing 9,754 10,354 9,765
37 Term 4,179 4,168 4,171
Securities pledged
38 Overnight and continuing 59,944 58,504 54,998
39 Term 4,212 4,228 3,786
Collateralized loans
40 Total 28,184 26,103 25,033
2001, week ending
Item
Jan. 24 Jan. 31 Feb. 7
Positions(2)
NET OUTRIGHT POSITIONS(3)
By type of security
1 U.S. Treasury bills 12,609 9,774 8,105
Coupon securities, by maturity
2 Five years or less -13,972 -12,628 -15,217
3 More than five years -9,383 -10,721 -6,115
4 Inflation-indexed 3,733 3,395 2,963
Federal agency
5 Discount notes 31,607 25,360 31,734
Coupon securities, by maturity
6 One year or less 17,686 18,509 19,374
7 More than one year, but
less than
or equal to five years 6,942 5,678 6,930
8 More than five years 6,179 4,747 5,215
9 Mortgage-backed 13,052 13,385 11,541
NET FUTURES POSITIONS(4)
By type of deliverable security
10 U.S. Treasury bills n.a. n.a. n.a.
Coupon securities, by maturity
11 Five years or less 2,870 3,215 3,632
12 More than five years -8,017 -8,099 -10,962
13 Inflation indexed 0 0 0
Federal agency
14 Discount notes 0 0 0
Coupon securities, by maturity
15 One year or less 0 0 0
16 More than one year, but
less than
or equal to five years n.a. n.a. n.a.
17 More than five years -62 -124 -153
18 Mortgage-backed 0 0 0
NET OPTIONS POSITIONS
By type of deliverable security
19 U.S. Treasury bills 0 0 0
Coupon securities, by maturity
20 Five years or less 1,634 -758 649
21 More than five years 1,100 807 243
22 Inflation-indexed 0 0 0
Federal agency
23 Discount notes 0 0 0
Coupon securities, by maturity
24 One year or less 0 0 0
25 More than one year, but
less than
or equal to five years -448 -464 -489
26 More than five years 383 868 500
27 Mortgage-backed 2,357 1,680 2,064
Financing(5)
Reverse repurchase agreements
28 Overnight and continuing 338,103 364,387 327,737
29 Term 837,898 838,120 887,333
Securities borrowed
30 Overnight and continuing 267,513 262,101 281,075
31 Term 128,360 126,371 117,049
Securities received as pledge
32 Overnight and continuing 3,042 2,418 2,584
33 Term n.a. n.a. n.a.
Repurchase agreements
34 Overnight and continuing 783,734 814,061 781,539
35 Term 791,009 788,021 833,380
Securities loaned
36 Overnight and continuing 9,862 9,743 9,592
37 Term 4,103 4,301 4,258
Securities pledged
38 Overnight and continuing 51,701 49,627 50,507
39 Term 3,878 4,159 4,188
Collateralized loans
40 Total 26,837 18,479 24,975
2001, week ending
Item
Feb. 14 Feb. 21
Positions(2)
NET OUTRIGHT POSITIONS(3)
By type of security
1 U.S. Treasury bills 1,309 1,840
Coupon securities, by maturity
2 Five years or less -15,619 -19,210
3 More than five years -2,686 -3,145
4 Inflation-indexed 3,590 4,506
Federal agency
5 Discount notes 36,194 32,880
Coupon securities, by maturity
6 One year or less 17,588 17,919
7 More than one year, but
less than
or equal to five years 6,419 5,088
8 More than five years 6,120 5,169
9 Mortgage-backed 10,241 10,827
NET FUTURES POSITIONS(4)
By type of deliverable security
10 U.S. Treasury bills n.a. n.a.
Coupon securities, by maturity
11 Five years or less 1,938 2,855
12 More than five years -14,479 -10,334
13 Inflation indexed 0 0
Federal agency
14 Discount notes 0 0
Coupon securities, by maturity
15 One year or less 0 0
16 More than one year, but
less than
or equal to five years n.a. n.a.
17 More than five years -347 -361
18 Mortgage-backed 0 0
NET OPTIONS POSITIONS
By type of deliverable security
19 U.S. Treasury bills 0 0
Coupon securities, by maturity
20 Five years or less 1,571 305
21 More than five years -688 -1,604
22 Inflation-indexed 0 0
Federal agency
23 Discount notes 0 0
Coupon securities, by maturity
24 One year or less 0 0
25 More than one year, but
less than
or equal to five years -740 -734
26 More than five years 340 313
27 Mortgage-backed 1,258 1,247
Financing(5)
Reverse repurchase agreements
28 Overnight and continuing 343,786 342,527
29 Term 904,553 791,217
Securities borrowed
30 Overnight and continuing 279,487 285,069
31 Term 121,425 115,014
Securities received as pledge
32 Overnight and continuing 2,912 2,730
33 Term n.a. n.a.
Repurchase agreements
34 Overnight and continuing 808,069 787,131
35 Term 858,292 750,884
Securities loaned
36 Overnight and continuing 9,562 9,527
37 Term 4,246 4,078
Securities pledged
38 Overnight and continuing 51,934 52,388
39 Term 5,904 4,422
Collateralized loans
40 Total 20,291 21,331
(1.) Data for positions and financing are obtained from reports
submitted to the Federal Reserve Bank of New York by the U.S.
government securities dealers on its published list of
primary dealers. Weekly figures are close-of-business Wednesday
data. Positions for calendar days of the report week are assumed
to be constant. Monthly averages are based on the
number of calendar days in the month.
(2.) Securities positions are reported at market value.
(3.) Net outright positions include immediate and forward positions.
Net immediate positions include securities purchased or sold
(other than mortgage-backed agency securities) that
have been delivered or are scheduled to be delivered in five
business days or less and "when-issued" securities that settle on the
issue date of offering. Net immediate positions for
mortgage-bucked agency securities include securities purchased or
sold that have been delivered or are scheduled to be delivered in
thirty business days or less.
Forward positions reflect agreements made in the over-the-counter
market that specify delayed delivery. Forward contracts for U.S.
Treasury securities and federal agency debt
securities are included when the time to delivery is mom than five
business days. Forward contracts for mortgage-backed agency securities
are included when the time to delivery is more than thirty business
days.
(4.) Futures positions reflect standardized agreements arranged on
an exchange. All futures positions are included regardless of time
to delivery.
(5.) Overnight financing refers to agreements made on one business
day that mature on the next business day; continuing contracts are
agreements that remain in effect for more than one business day but
have no specific maturity and can be terminated without advance
notice by either party; term agreements have a fixed maturity of
more than one business day. Financing data are reported in terms of
actual funds paid or received, including accrued interest.
NOTE. "n.a." indicates that data are not published because of
insufficient activity.
1.44 FEDERAL AND FEDERALLY SPONSORED CREDIT AGENCIES Debt Outstanding
Millions of dollars, end of period
Agency 1997 1998 1999
1 Federal and federally
sponsored agencies 1,022,609 1,296,477 1,616,492
2 Federal agencies 27,792 26,502 26,376
3 Defense Department(1) 6 6 6
4 Export-Import Bank(2,3) 552 n.a. n.a.
5 Federal Housing
Administration(4) 102 205 126
6 Government National Mortgage
Association certificates of
participations n.a. n.a. n.a.
7 Postal Service(6) n.a. n.a. n.a.
8 Tennessee Valley Authority 27,786 26,496 26,370
9 United States Railway
Association(6) n.a. n.a. n.a.
10 Federally sponsored agencies(7) 994,817 1,269,975 1,590,116
11 Federal Home Loan Banks 313,919 382,131 529,005
12 Federal Home Loan Mortgage
Corporation 169,200 287,396 360,711
13 Federal National Mortgage
Association 369,774 460,291 547,619
14 Farm Credit Banks(8) 63,517 63,488 68,883
15 Student Loan Marketing
Association(9) 37,717 35,399 41,988
16 Financing Corporation(10) 8,170 8,170 8,170
17 Farm Credit Financial
Assistance Corporation(11) 1,261 1,261 1,261
18 Resolution Funding
Corporation(12) 29,996 29,996 29,996
MEMO
19 Federal Financing Bank debt(13) 49,090 44,129 42,152
Lending to federal and
federally sponsored agencies
20 Export-Import Bank(3) 552 n.a. n.a.
21 Postal Service(6) n.a. n.a. n.a.
22 Student Loan Marketing
Association n.a. n.a. n.a.
23 Tennessee Valley Authority n.a. n.a. n.a.
24 United States Railway
Association(6) n.a. n.a. n.a.
Other lending(14)
25 Farmers Home Administration 13,530 9,500 6,665
26 Rural Electrification
Administration 14,898 14,091 14,085
27 Other 20,110 20,538 21,402
2000
Agency 2000
Aug. Sept.
1 Federal and federally
sponsored agencies 1,851,632 1,763,089 1,776,334
2 Federal agencies 25,666 25,892 25,993
3 Defense Department(1) 6 6 6
4 Export-Import Bank(2,3) n.a. n.a. n.a.
5 Federal Housing
Administration(4) 255 210 227
6 Government National Mortgage
Association certificates of
participations n.a. n.a. n.a.
7 Postal Service(6) n.a. n.a. n.a.
8 Tennessee Valley Authority 25,660 25,886 25,987
9 United States Railway
Association(6) n.a. n.a. n.a.
10 Federally sponsored agencies(7) 1,825,966 1,737,197 1,750,341
11 Federal Home Loan Banks 594,404 572,836 580,579
12 Federal Home Loan Mortgage
Corporation 426,899 412,656 406,936
13 Federal National Mortgage
Association 642,700 595,117 607,000
14 Farm Credit Banks(8) 74,181 70,139 71,055
15 Student Loan Marketing
Association(9) 45,375 44,113 42,423
16 Financing Corporation(10) 8,170 8,170 8,170
17 Farm Credit Financial
Assistance Corporation(11) 1,261 1,261 1,261
18 Resolution Funding
Corporation(12) 29,996 29,996 29,996
MEMO
19 Federal Financing Bank debt(13) 40,575 38,040 42,837
Lending to federal and
federally sponsored agencies
20 Export-Import Bank(3) n.a. n.a. n.a.
21 Postal Service(6) n.a. n.a. n.a.
22 Student Loan Marketing
Association n.a. n.a. n.a.
23 Tennessee Valley Authority n.a. n.a. n.a.
24 United States Railway
Association(6) n.a. n.a. n.a.
Other lending(14)
25 Farmers Home Administration 5,275 5,660 5,540
26 Rural Electrification
Administration 13,126 13,238 12,989
27 Other 22,174 19,142 24,308
2000
Agency
Oct. Nov. Dec.
1 Federal and federally
sponsored agencies n.a. 1,833,155 1,851,632
2 Federal agencies 25,523 25,555 25,666
3 Defense Department(1) 6 6 6
4 Export-Import Bank(2,3) n.a. n.a. n.a.
5 Federal Housing
Administration(4) 237 239 255
6 Government National Mortgage
Association certificates of
participations n.a. n.a. n.a.
7 Postal Service(6) n.a. n.a. n.a.
8 Tennessee Valley Authority 25,517 25,549 25,660
9 United States Railway
Association(6) n.a. n.a. n.a.
10 Federally sponsored agencies(7) 1,777,824 1,807,600 1,825,966
11 Federal Home Loan Banks 576,689 580,957 594,404
12 Federal Home Loan Mortgage
Corporation 422,960 429,617 426,899
13 Federal National Mortgage
Association 615,463 633,100 642,700
14 Farm Credit Banks(8) 71,345 71,667 74,181
15 Student Loan Marketing
Association(9) 48,988 50,016 45,375
16 Financing Corporation(10) 8,170 8,170 8,170
17 Farm Credit Financial
Assistance Corporation(11) 1,261 1,261 1,261
18 Resolution Funding
Corporation(12) 29,996 29,996 29,996
MEMO
19 Federal Financing Bank debt(13) 41,280 40,170 40,575
Lending to federal and
federally sponsored agencies
20 Export-Import Bank(3) n.a. n.a. n.a.
21 Postal Service(6) n.a. n.a. n.a.
22 Student Loan Marketing
Association n.a. n.a. n.a.
23 Tennessee Valley Authority n.a. n.a. n.a.
24 United States Railway
Association(6) n.a. n.a. n.a.
Other lending(14)
25 Farmers Home Administration 5,540 5,320 5,275
26 Rural Electrification
Administration 12,891 13,023 13,126
27 Other 22,849 21,827 22,174
(1.) Consists of mortgages assumed by the Defense Department between
1957 and 1963 under family housing and homeowners assistance programs.
(2.) Includes participation certificates reclassified as debt
beginning Oct. 1, 1976.
(3.) On-budget since Sept. 30, 1976.
(4.) Consists of debentures issued in payment of Federal Housing
Administration insurance claims. Once issued, these securities may
be sold privately on the securities market.
(5.) Certificates of participation issued before fiscal year 1969 by
the Government National Mortgage Association acting as trustee for
the Farmers Home Administration; the Department
of Health, Education, and Welfare; the Department of Housing and
Urban Development; the Small Business Administration; and the
Veterans Administration.
(6.) Off-budget.
(7.) Includes outstanding noncontingent liabilities: notes, bonds, and
debentures. Includes Federal Agricultural Mortgage Corporation;
therefore, details do not sum to total. Some data are estimated.
(8.) Excludes borrowing by the Farm Credit Financial Assistance
Corporation, which is shown on line 17.
(9.) Before late 1982, the association obtained financing through
the Federal Financing Bank (FFB). Borrowing excludes that obtained
from the FFB, which is shown on line 22.
(10.) The Financing Corporation, established in August 1987 to
recapitalize the Federal Savings and Loan Insurance Corporation,
undertook its first borrowing in October 1987.
(11.) The Farm Credit Financial Assistance Corporation, established
in January 1988 to provide assistance to the Farm Credit System,
undertook its first borrowing in July 1988.
(12.) The Resolution Funding Corporation, established by the
Financial Institutions Reform, Recovery, and Enforcement Act of 1989,
undertook its first borrowing in October 1989.
(13.) The FFB, which began operations in 1974, is authorized to
purchase or sell obligations issued, sold, or guaranteed by other
federal agencies. Because FFB incurs debt solely for the
purpose of lending to other agencies, its debt is not included
in the main portion of the table to avoid double counting.
(14.) Includes FFB purchases of agency assets and guaranteed loans;
the latter are loans guaranteed by numerous agencies, with the
amounts guaranteed by any one agency generally being small. The
Farmers Home Administration entry consists exclusively of agency
assets, whereas the Rural Electrification Administration entry
consists of both agency assets and guaranteed loans.
1.45 NEW SECURITY ISSUES Tax-Exempt State and Local Governments
Millions of dollars
Type of issue or issuer, 1998 1999 2000
or use
1 All issues, new and refunding(1) 262,342 215,427 180,403
By type of issue
2 General obligation 87,015 73,308 64,475
3 Revenue 175,327 142,120 115,928
By type of issuer
4 State 23,506 16,376 19,944
5 Special district or statutory
authority(2) 178,421 152,418 111,695
6 Municipality, county, or township 60,173 46,634 39,273
7 Issues for new capital 160,568 161,065 154,257
By use of proceeds
8 Education 36,904 36,563 38,665
9 Transportation 19,926 17,394 19,730
10 Utilities and conservation 21,037 15,098 11,917
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 8,594 9,099 7,122
13 Other purposes 42,450 47,896 47,309
2000
Type of issue or issuer,
or use
July Aug. Sept.
1 All issues, new and refunding(1) 12,827 15,284 15,598
By type of issue
2 General obligation 4,256 5,194 6,888
3 Revenue 8,572 10,090 8,710
By type of issuer
4 State 783 1,011 2,022
5 Special district or statutory
authority(2) 8,545 10,728 10,152
6 Municipality, county, or township 3,500 3,545 3,424
7 Issues for new capital 11,297 12,402 13,968
By use of proceeds
8 Education 3,185 3,630 3,210
9 Transportation 1,947 1,979 1,574
10 Utilities and conservation 353 1,409 1,408
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 632 281 387
13 Other purposes 2,543 3,564 5,243
2000
Type of issue or issuer,
or use
Oct. Nov. Dec.
1 All issues, new and refunding(1) 18,035 18,079 15,348
By type of issue
2 General obligation 5,871 5,044 5,060
3 Revenue 12,163 13,036 10,288
By type of issuer
4 State 3,005 1,942 1,640
5 Special district or statutory
authority(2) 11,224 12,311 1,053
6 Municipality, county, or township 3,806 3,827 3,165
7 Issues for new capital 16,387 14,520 13,286
By use of proceeds
8 Education 3,492 3,446 2,919
9 Transportation 2,575 2,124 1,381
10 Utilities and conservation 1,272 1,973 1,307
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 730 500 615
13 Other purposes 6,558 3,787 4,264
2001
Type of issue or issuer,
or use
Jan. Feb.
1 All issues, new and refunding(1) 11,255 19,829
By type of issue
2 General obligation 6,256 9,389
3 Revenue 4,999 10,441
By type of issuer
4 State 1,738 3,268
5 Special district or statutory
authority(2) 7,061 11,011
6 Municipality, county, or township 2,456 5,550
7 Issues for new capital 8,758 13,384
By use of proceeds
8 Education 2,786 3,102
9 Transportation 780 2,411
10 Utilities and conservation 678 1,335
11 Social welfare n.a. n.a.
12 Industrial aid 63 281
13 Other purposes 3,013 4,742
(1.) Par amounts of long-term issues based on date of sale.
(2.) Includes school districts.
SOURCE. Securities Data Company beginning January 1990; Investment
Dealer's Digest before then.
1.46 NEW SECURITY ISSUES U.S. Corporations
Millions of dollars
Type of issue, offering, 1998 1999 2000(r)
or issuer
1 All issues(1) 1,128,491 1,072,866 942,198
2 Bonds(2) 1,001,736 941,298 807,281
By type of offering
3 Sold in the United States 923,771 818,683 684,484
4 Sold abroad 77,965 122,615 122,798
MEMO
5 Private placements, domestic n.a. n.a. n.a.
By industry group
6 Nonfinancial 307,711(r) 293,963 242,452
7 Financial 694,025(r) 647,335 564,829
8 Stocks(3) 205,605 217,868 134,917
By type of offering
9 Public 126,755 131,568 134,917
10 Private placement(4) 78,850 86,300 n.a.
By industry group
11 Nonfinancial 74,113 110,284 118,369
12 Financial 52,642 21,284 16,548
2000
Type of issue, offering,
or issuer
June July Aug.
1 All issues(1) 100,615 65,511 82,752
2 Bonds(2) 92,742 57,476 69,875
By type of offering
3 Sold in the United States 75,271 40,753 56,133
4 Sold abroad 17,471 16,723 13,742
MEMO
5 Private placements, domestic 3,391 1,038 241
By industry group
6 Nonfinancial 29,412 15,885 17,947
7 Financial 63,331 41,592 51,928
8 Stocks(3) 7,873 8,035 12,877
By type of offering
9 Public 7,873 8,035 12,877
10 Private placement(4) n.a. n.a. n.a.
By industry group
11 Nonfinancial 6,521 7,773 8,645
12 Financial 1,352 262 4,232
2000
Type of issue, offering,
or issuer
Sept. Oct. Nov.
1 All issues(1) 94,492 62,466 95,595
2 Bonds(2) 88,102 53,345 84,094
By type of offering
3 Sold in the United States 73,516 47,415 76,383
4 Sold abroad 14,586 5,930 7,712
MEMO
5 Private placements, domestic 376 127 5,534
By industry group
6 Nonfinancial 24,483 12,547 25,784
7 Financial 63,619 40,799 58,310
8 Stocks(3) 6,390 9,121 11,501
By type of offering
9 Public 6,390 9,121 11,501
10 Private placement(4) n.a. n.a. n.a.
By industry group
11 Nonfinancial 6,205 8,278 10,794
12 Financial 185 843 707
2000 2001
Type of issue, offering,
or issuer
Dec. Jan.
1 All issues(1) 61,378(r) 128,930
2 Bonds(2) 58,713(r) 118,372
By type of offering
3 Sold in the United States 57,189 115,583
4 Sold abroad 1,525 2,789
MEMO
5 Private placements, domestic 3,709 26
By industry group
6 Nonfinancial 18,219 44,443
7 Financial 40,495 73,928
8 Stocks(3) 2,665 7,459
By type of offering
9 Public 2,665 7,459
10 Private placement(4) n.a. n.a.
By industry group
11 Nonfinancial 2,146 4,349
12 Financial 519 3,110
(1.) Figures represent gross proceeds of issues maturing in more than
one year; they are the principal amount or number of units calculated
by multiplying by the offering price. Figures exclude secondary
offerings, employee stock plans, investment companies other than
closed-end, intracorporate transactions, and Yankee bonds. Stock data
include ownership securities issued by limited partnerships.
(2.) Monthly data include 144(a) offerings.
(3.) Monthly data cover only public offerings.
(4.) Data are not available.
SOURCE. Securities Data Company and the Board of Governors of the
Federal Reserve System.
1.47 OPEN-END INVESTMENT COMPANIES Net Sales and Assets(1)
Millions of dollars
2000
Item 1999 2000
July Aug.
1 Sales of own
shares(2) 1,791,894 2,279,315 166,815 179,890
2 Redemptions of own
shares 1,621,987 2,057,277 151,717 159,027
3 Net sales(3) 169,906 222,038 15,098 20,864
4 Assets(4) 5,233,191 5,123,747 5,392,308 5,745,264
5 Cash(5) 219,189 277,386 258,472 261,967
6 Other 5,014,002 4,846,361 5,133,836 5,483,298
2000
Item
Sept. Oct. Nov.
1 Sales of own
shares(2) 159,809 169,071 143,412
2 Redemptions of own
shares 147,644 153,067 138,791
3 Net sales(3)
12,166 16,004 4,621
4 Assets(4)
5,550,176 5,442,937 4,993,008
5 Cash(5) 280,192 302,682 300,133
6 Other 5,269,984 5,140,255 4,692,875
2001
Item
Dec. Jan.(r) Feb.
1 Sales of own
shares(2) 170,255 206,765 148,308
2 Redemptions of own
shares 160,918 171,819 141,568
3 Net sales(3)
9,337 34,946 6,740
4 Assets(4)
5,123,747 5,280,222 4,877,931
5 Cash(5) 277,386 280,472 270,886
6 Other 4,846,361 4,999,750 4,607,045
(1.) Data include stock, hybrid, and bond mutual funds and exclude
money market mutual funds.
(2.) Excludes reinvestment of net income dividends and capital gains
distributions and share issue of conversions from one fund to
another in the same group.
(3.) Excludes sales and redemptions resulting from transfers of
shares into or out of money market mutual funds within the
same fund family.
(4.) Market value at end of period, less current liabilities.
(5.) Includes all U.S. Treasury securities and other short-term
debt securities.
SOURCE. Investment Company Institute. Data based on reports of
membership, which comprises substantially all open-end investment
companies registered with the Securities and Exchange Commission.
Data reflect underwritings of newly formed companies after their
initial offering of securities.
1.48 CORPORATE PROFITS AND THEIR DISTRIBUTION
Billions of dollars; quarterly data at seasonally adjusted
annual rates
Account 1998 1999 2000
1 Profits with inventory
valuation and capital
consumption adjustment 815.0 856.0 946.2
2 Profits before taxes 758.2 823.0 925.6
3 Profits-tax liability 244.6 255.9 284.2
4 Profits after taxes 513.6 567.1 641.4
5 Dividends 351.5 370.7 397.0
6 Undistributed profits 162.1 196.4 244.4
7 Inventory valuation 17.0 -9.1 -12.9
8 Capital consumption
adjustment 39.9 42.1 33.5(r)
1999
Account
Q1 Q2 Q3 Q4
1 Profits with inventory
valuation and capital
consumption adjustment 852.0 836.8 842.0 893.2
2 Profits before taxes 797.6 804.5 819.0 870.7
3 Profits-tax liability 247.8 250.8 254.2 270.8
4 Profits after taxes 549.9 553.7 564.8 599.9
5 Dividends 361.1 367.2 373.9 380.6
6 Undistributed profits 188.7 186.5 190.9 219.3
7 Inventory valuation 11.4 -8.9 -19.7 -19.2
8 Capital consumption
adjustment 42.9 41.2 42.7 41.6
2000
Account
Q1 Q2 Q3 Q4
1 Profits with inventory
valuation and capital
consumption adjustment 936.3 963.6 970.3 914.7
2 Profits before taxes 920.7 942.5 945.1 894.1
3 Profits-tax liability 286.3 292.0 290.6 267.7
4 Profits after taxes 634.4 650.4 654.4 626.4
5 Dividends 387.3 393.0 400.1 407.6
6 Undistributed profits 247.1 257.4 254.4 218.8
7 Inventory valuation -25.0 -13.6 -4.5 -8.5
8 Capital consumption
adjustment 40.6 34.7 29.7 29.1(r)
SOURCE. U.S. Department of Commerce, Survey of Current Business.
1.51 DOMESTIC FINANCE COMPANIES Assets and Liabilities(1)
Billions of dollars, end of period; not seasonally adjusted
Account 1998 1999 2000
ASSETS
1 Accounts receivable,
gross(2) 711.7 811.5 915.3
2 Consumer 261.8 279.8 296.1
3 Business 347.5 405.2 471.1
4 Real estate 102.3 126.5 148.1
5 LESS: Reserves for
unearned income 56.3 53.5 59.9
6 Reserves for losses 13.8 13.5 14.7
7 Accounts receivable, net 641.6 744.6 840.6
8 All other 337.9 406.3 463.0
9 Total assets 979.5 1,150.9 1,303.7
LIABILITIES AND CAPITAL
10 Bank loans 26.3 35.1 35.6
11 Commercial paper 231.5 227.9 235.2
Debt
12 Owed to parent 61.8 123.8 145.8
13 Not elsewhere classified 339.7 397.0 464.1
14 All other liabilities 203.2 222.7 280.4
15 Capital, surplus, and
undivided profits 117.0 144.5 142.6
16 Total liabilities and
capital 979.5 1,150.9 1,303.6
1999
Account
Q2 Q3 Q4
ASSETS
1 Accounts receivable,
gross(2) 756.5 776.3 811.5
2 Consumer 269.2 271.0 279.8
3 Business 373.7 383.0 405.2
4 Real estate 113.5 122.3 126.5
5 LESS: Reserves for
unearned income 53.4 54.0 53.5
6 Reserves for losses 13.4 13.6 13.5
7 Accounts receivable, net 689.7 708.6 744.6
8 All other 373.2 368.5 406.3
9 Total assets 1,062.9 1,077.2 1,150.9
LIABILITIES AND CAPITAL
10 Bank loans 25.1 27.0 35.1
11 Commercial paper 231.0 205.3 227.9
Debt
12 Owed to parent 65.4 84.5 123.8
13 Not elsewhere classified 383.1 396.2 397.0
14 All other liabilities 226.1 216.0 222.7
15 Capital, surplus, and
undivided profits 132.2 148.2 144.5
16 Total liabilities and
capital 1,062.9 1,077.2 1,150.9
2000
Account
Q1 Q2 Q3 Q4
ASSETS
1 Accounts receivable,
gross(2) 848.7 884.4 900.1 915.3
2 Consumer 285.4 294.1 301.9 296.1
3 Business 434.6 454.1 455.7 471.1
4 Real estate 128.8 136.2 142.4 148.1
5 LESS: Reserves for
unearned income 54.0 57.1 58.8 59.9
6 Reserves for losses 14.0 14.4 14.2 14.7
7 Accounts receivable, net 780.7 813.0 827.1 840.6
8 All other 412.7 418.3 441.4 463.0
9 Total assets 1,193.4 1,231.3 1,268.4 1,303.7
LIABILITIES AND CAPITAL
10 Bank loans 28.5 32.5 35.4 35.6
11 Commercial paper 230.2 221.3 215.6 235.2
Debt
12 Owed to parent 145.1 137.1 144.3 145.8
13 Not elsewhere classified 412.0 445.4 465.5 464.1
14 All other liabilities 247.6 259.3 269.2 280.4
15 Capital, surplus, and
undivided profits 130.1 135.6 138.3 142.6
16 Total liabilities and
capital 1,193.4 1,231.3 1,268.4 1,303.6
(1.) Includes finance company subsidiaries of bank holding companies
but not of retailers and banks. Data are amounts carried on the
balance sheets of finance companies; securitized pools are not shown,
as they are not on the books.
(2.) Before deduction for unearned income and losses. Excludes
pools of securitized assets.
1.52 DOMESTIC FINANCE COMPANIES Owned and Managed Receivables(1)
Billions of dollars, amounts outstanding
Type of credit 1998 1999 2000
Seasonally adjusted
1 Total 875.8 993.0 1,145.0
2 Consumer 352.8 385.3 439.3
3 Real estate 131.4 154.7 174.7
4 Business 391.6 453.9 531.0
Not seasonally adjusted
5 Total 884.0 1,003.2 1,155.7
6 Consumer 356.1 388.8 443.4
7 Motor vehicles loans 103.1 114.7 1,225.0
8 Motor vehicle leases 93.3 98.3 102.9
9 Revolving(2) 32.3 33.8 38.3
10 Other(3) 33.1 33.1 32.4
Securitized assets(4)
11 Motor vehicle loans 54.8 71.1 97.1
12 Motor vehicle leases 12.7 9.7 6.6
13 Revolving 8.7 10.5 27.5
14 Other 18.1 17.7 16.0
15 Real estate 131.4 154.7 174.7
16 One- to four-family 75.7 88.3 105.2
17 Other 26.6 38.3 42.9
Securitized real estate
assets(4)
18 One- to four-family 29.0 28.0 24.7
19 Other 0.1 0.2 1.9
20 Business 396.5 459.6 537.7
21 Motor vehicles 79.6 87.8 95.2
22 Retail loans 28.1 33.2 31.0
23 Wholesale loans(5) 32.8 34.7 39.6
24 Leases 18.7 19.9 24.6
25 Equipment 198.0 221.9 267.3
26 Loans 50.4 52.2 56.2
27 Leases 147.6 169.7 211.1
28 Other business receivables(6) 69.9 95.5 108.6
Securitized assets4
29 Motor vehicles 29.2 31.5 37.8
30 Retail loans 2.6 2.9 3.2
31 Wholesale loans 24.7 26.4 32.5
32 Leases 1.9 2.1 2.2
33 Equipment 13.0 14.6 23.1
34 Loans 6.6 7.9 15.5
35 Leases 6.4 6.7 7.6
36 Other business
receivables(6) 6.8 8.4 5.6
2000
Type of credit
Aug. Sept. Oct.
Seasonally adjusted
1 Total 1,094.1 1,112.1 1,134.9
2 Consumer 411.1 419.7 437.3
3 Real estate 169.0 170.9 174.4
4 Business 514.1 521.6 523.2
Not seasonally adjusted
5 Total 1,087.9 1,106.8 1,132.9
6 Consumer 412.3 421.0 437.9
7 Motor vehicles loans 1,307.0 1,301.0 131.8
8 Motor vehicle leases 105.4 104.6 104.3
9 Revolving(2) 33.6 35.4 37.1
10 Other(3) 32.3 31.7 31.9
Securitized assets(4)
11 Motor vehicle loans 76.2 78.8 84.3
12 Motor vehicle leases 7.4 7.2 7.0
13 Revolving 10.7 17.2 25.8
14 Other 16.2 16.0 15.7
15 Real estate 169.0 170.9 174.4
16 One- to four-family 101.7 100.9 104.6
17 Other 40.2 41.5 42.1
Securitized real estate
assets(4)
18 One- to four-family 26.8 26.5 25.7
19 Other 0.2 1.9 1.9
20 Business 506.7 514.9 520.6
21 Motor vehicles 89.6 94.1 95.9
22 Retail loans 34.3 34.8 34.7
23 Wholesale loans(5) 32.6 35.5 37.5
24 Leases 22.7 23.7 23.7
25 Equipment 250.0 256.7 259.4
26 Loans 54.3 55.8 56.1
27 Leases 195.8 200.9 203.3
28 Other business receivables(6) 108.3 104.9 103.7
Securitized assets4
29 Motor vehicles 29.6 31.9 34.2
30 Retail loans 2.7 2.4 2.3
31 Wholesale loans 24.5 27.1 29.5
32 Leases 2.4 2.4 2.4
33 Equipment 22.4 21.4 21.7
34 Loans 15.9 15.1 14.9
35 Leases 6.5 6.4 6.7
36 Other business
receivables(6) 6.8 5.8 5.8
2000 2001
Type of credit
Nov. Dec. Jan.
Seasonally adjusted
1 Total 1,136.2 1,145.0 1,157.9
2 Consumer 439.8 439.3 445.3
3 Real estate 176.6 174.7 177.5
4 Business 519.7 531.0 535.1
Not seasonally adjusted
5 Total 1,137.9 1,155.7 1,157.8
6 Consumer 441.4 443.4 445.4
7 Motor vehicles loans 127.8 122.5 117.5
8 Motor vehicle leases 104.0 102.9 103.8
9 Revolving(2) 38.0 38.3 38.1
10 Other(3) 32.0 32.4 32.4
Securitized assets(4)
11 Motor vehicle loans 91.5 97.1 103.9
12 Motor vehicle leases 6.8 6.6 6.3
13 Revolving 25.8 27.5 27.6
14 Other 15.5 16.0 15.8
15 Real estate 176.6 174.7 177.5
16 One- to four-family 107.0 105.2 108.0
17 Other 42.7 42.9 43.2
Securitized real estate
assets(4)
18 One- to four-family 25.0 24.7 24.4
19 Other 1.9 1.9 1.9
20 Business 519.9 537.7 535.0
21 Motor vehicles 93.3 95.2 93.6
22 Retail loans 32.3 31.0 30.8
23 Wholesale loans(5) 37.3 39.6 38.2
24 Leases 23.8 24.6 24.6
25 Equipment 259.3 267.3 266.2
26 Loans 54.7 56.2 56.3
27 Leases 204.6 211.1 209.9
28 Other business receivables(6) 103.2 108.6 109.7
Securitized assets4
29 Motor vehicles 37.0 37.8 37.3
30 Retail loans 3.1 3.2 3.1
31 Wholesale loans 31.5 32.5 32.1
32 Leases 2.4 2.2 2.2
33 Equipment 21.3 23.1 22.5
34 Loans 14.6 15.5 14.7
35 Leases 6.7 7.6 7.8
36 Other business
receivables(6) 5.8 5.6 5.6
NOTE. This table has been revised to incorporate several changes
resulting from the benchmarking of finance company receivables to
the June 1996 Survey of Finance Companies. In that benchmark survey,
and in the monthly surveys that have followed, more detailed
breakdowns have been obtained for some components. In addition,
previously unavailable data on securitized real estate loans are
now included in this table. The new information has resulted in some
reclassification of receivables among the three major categories
(consumer, real estate, and business) and in discontinuities in
some component series between May and June 1996.
Includes finance company subsidiaries of bank holding companies but
not of retailers and banks. Data in this table also appear in the
Board's G.20 (422) monthly statistical release. For
ordering address, see inside front cover.
(1.) Owned receivables are those carried on the balance sheet of
the institution. Managed receivables are outstanding balances of
pools upon which securities have been issued; these
balances are no longer carried on the balance sheets of the loan
originator. Data are shown before deductions for unearned income
and losses. Components may not sum to total because of rounding.
(2.) Excludes revolving credit reported as held by depository
institutions that are subsidiaries of finance
companies.
(3.) Includes personal cash loans, mobile home loans, and loans
to purchase other types of consumer goods, such as appliances,
apparel, boats, and recreation vehicles.
(4.) Outstanding balances of pools upon which securities have been
issued; these balances are no longer carried on the balance sheets
of the loan originator.
(5.) Credit arising from transactions between manufacturers and
dealers, that is, floor plan financing.
(6.) Includes loans on commercial accounts receivable, factored
commercial accounts, and receivable dealer capital; small loans
used primarily for business or farm purposes; and
wholesale and lease paper for mobile homes, campers, and travel
trailers.
1.53 MORTGAGE MARKETS Mortgages on New Homes
Millions of dollars except as noted
Item 1998 1999 2000
Terms and yields in primary
and secondary markets
PRIMARY MARKETS
Terms(1)
1 Purchase price (thousands of
dollars) 195.2 210.7 234.5
2 Amount of loan (thousands of
dollars) 151.1 161.7 177.0
3 Loan-to-price ratio (percent) 80.0 78.7 77.4
4 Maturity (years) 28.4 28.8 29.2
5 Fees and charges (percent of loan
amount)(2) .89 .77 .70
Yield (percent per year)
6 Contract rate(1) 6.95 6.94 7.41
7 Effective rate(1,3) 7.08 7.06 7.52
8 Contract rate (HUD series)(4) 7.00 7.45 n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section 203)(2) 7.04 7.74 n.a.
10 GNMA securities(6) 6.43 7.03 7.57
Activity in secondary markets
FEDERAL NATIONAL MORTGAGE ASSOCIATION
Mortgage holdings (end of period)
11 Total 414,515 523,941 610,122
12 FHA/VA insured 33,770 55,318 61,539
13 Conventional 380,745 468,623 548,583
14 Mortgage transactions purchased
(during period) 188,448 195,210 154,231
Mortgage commitments (during
period)
15 Issued(7) 193,795 187,948 163,689
16 To sell(8) 1,880 5,900 11,786
FEDERAL HOME LOAN MORTGAGE CORPORATION
Mortgage holding (end
of period)(8)
17 Total 255,010 324,443 385,693
18 FHA/VA insured 785 1,836 3,332
19 Conventional 254,225 322,607 382,361
Mortgage transaction
(during period)
20 Purchases 267,402 239,793 174,043
21 Sales 250,565 233,031 166,901
22 Mortgage commitments contracted
(during period)(9) 281,889 228,432 169,231
2000
Item
Aug. Sept. Oct.
Terms and yields in primary
and secondary markets
PRIMARY MARKETS
Terms(1)
1 Purchase price (thousands of
dollars) 237.0 241.9 240.2
2 Amount of loan (thousands of
dollars) 179.7 182.5 180.4
3 Loan-to-price ratio (percent) 77.7 77.1 77.2
4 Maturity (years) 29.3 29.2 29.2
5 Fees and charges (percent of loan
amount)(2) .68 .70 .69
Yield (percent per year)
6 Contract rate(1) 7.44 7.41 7.43
7 Effective rate(1,3) 7.54 7.52 7.53
8 Contract rate (HUD series)(4) n.a. n.a. n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section 203)(2) n.a. n.a. n.a.
10 GNMA securities(6) 7.44 7.43 7.30
Activity in secondary markets
FEDERAL NATIONAL MORTGAGE ASSOCIATION
Mortgage holdings (end of period)
11 Total 568,187 574,087 586,756
12 FHA/VA insured 60,150 59,961 60,329
13 Conventional 508,037 514,126 526,427
14 Mortgage transactions purchased
(during period) 13,352 11,501 18,444
Mortgage commitments (during
period)
15 Issued(7) 14,253 16,143 17,435
16 To sell(8) 236 693 268
FEDERAL HOME LOAN MORTGAGE CORPORATION
Mortgage holding (end
of period)(8)
17 Total 357,002 361,624 365,198
18 FHA/VA insured 2,903 3,517 3,530
19 Conventional 354,099 358,107 361,668
Mortgage transaction
(during period)
20 Purchases 16,056 21,748 16,195
21 Sales 15,558 21,189 15,614
22 Mortgage commitments contracted
(during period)(9) 17,468 19,481 17,915
2000
Item
Nov. Dec.
Terms and yields in
primary and secondary
markets
PRIMARY MARKETS
Terms(1)
1 Purchase price (thousands of
dollars) 247.2 250.0
2 Amount of loan (thousands of
dollars) 184.2 187.3
3 Loan-to-price ratio (percent) 76.2 76.5
4 Maturity (years) 29.2 29.1
5 Fees and charges (percent of loan
amount)(2) .69 .73
Yield (percent per year)
6 Contract rate(1) 7.36 7.29
7 Effective rate(1,3) 7.47 7.40
8 Contract rate (HUD series)(4) n.a. n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section 203)(2) n.a. n.a.
10 GNMA securities(6) 7.22 6.83
Activity in secondary
markets
FEDERAL NATIONAL MORTGAGE ASSOCIATION
Mortgage holdings (end of period)
11 Total 598,951 610,122
12 FHA/VA insured 60,694 61,539
13 Conventional 538,257 548,583
14 Mortgage transactions purchased
(during period) 17,322 17,193
Mortgage commitments (during
period)
15 Issued(7) 15,287 20,120
16 To sell(8) 676 1,436
FEDERAL HOME LOAN MORTGAGE CORPORATION
Mortgage holding (end
of period)(8)
17 Total 372,819 385,693
18 FHA/VA insured 3,321 3,332
19 Conventional 369,498 382,361
Mortgage transaction
(during period)
20 Purchases 19,402 24,313
21 Sales 18,823 22,277
22 Mortgage commitments contracted
(during period)(9) 20,012 21,780
2001
Item
Jan. Feb.
Terms and yields in
primary and secondary
markets
PRIMARY MARKETS
Terms(1)
1 Purchase price (thousands of
dollars) 238.7 245.0
2 Amount of loan (thousands of
dollars) 181.6 185.4
3 Loan-to-price ratio (percent) 78.2 77.9
4 Maturity (years) 29.4 29.0
5 Fees and charges (percent of loan
amount)(2) .71 .70
Yield (percent per year)
6 Contract rate(1) 7.09 6.99
7 Effective rate(1,3) 7.20 7.10
8 Contract rate (HUD series)(4) n.a. n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section 203)(2) n.a. n.a.
10 GNMA securities(6) 6.57 6.61
Activity in secondary
market
FEDERAL NATIONAL MORTGAGE ASSOCIATION
Mortgage holdings (end of period)
11 Total 623,950 632,850
12 FHA/VA insured 62,970 63,337
13 Conventional 560,980 569,513
14 Mortgage transactions purchased
(during period) 20,598 17,230
Mortgage commitments (during
period)
15 Issued(7) 27,325 25,471
16 To sell(8) 766 835
FEDERAL HOME LOAN MORTGAGE CORPORATION
Mortgage holding (end
of period)(8)
17 Total 391,679 407,086
18 FHA/VA insured 3,307 3,319
19 Conventional 388,372 403,767
Mortgage transaction
(during period)
20 Purchases 15,658 16,536
21 Sales 15,364 15,549
22 Mortgage commitments contracted
(during period)(9) 18,685 17,664
(1.) Weighted averages based on sample surveys of mortgages
originated by major institutional lender groups for purchase of
newly built homes; compiled by the Federal Housing
Finance Board in cooperation with the Federal Deposit Insurance
Corporation.
(2.) Includes all fees, commissions, discounts, and "points" paid
(by the borrower or the seller) to obtain a loan.
(3.) Average effective interest rate on loans closed for purchase
of newly built homes, assuming prepayment at the end of ten years.
(4.) Average contract rate on new commitments for conventional
first mortgages; from U.S. Department of Housing and Urban
Development (HUD). Based on transactions on the first
day of the subsequent month.
(5.) Average gross yield on thirty-year, minimum-downpayment first
mortgages insured by the Federal Housing Administration (FHA)
for immediate delivery in the private
secondary market. Based on transactions on first day of
subsequent month.
(6.) Average net yields to investors on fully modified pass-through
securities backed by mortgages and guaranteed by the Government
National Mortgage Association (GNMA), assuming prepayment in twelve
years on pools of thirty-year mortgages insured by the
Federal Housing Administration or guaranteed by the Department of
Veterans Affairs.
(7.) Does not include standby commitments issued, but includes
standby commitments converted.
(8.) Includes participation loans as well as whole loans.
(9.) Includes conventional and government-underwritten loans.
The Federal Home Loan Mortgage Corporation's mortgage commitments
and mortgage transactions include activity under mortgage
securities swap programs, whereas the corresponding data for the
Federal National Mortgage Association exclude swap activity.
1.54 MORTGAGE DEBT OUTSTANDING(1)
Millions of dollars, end of period
Type of holder and property 1996 1997
1 All holders 4,868,298 5,204,119
By type of property
2 One- to four-family residences 3,718,683 3,973,692
3 Multifamily residences 288,837 302,291
4 Nonfarm, nonresidential 773,643 837,837
5 Farm 87,134 90,299
By type of holder
6 Major financial institutions 1,981,886 2,083,981
7 Commercial banks(2) 1,145,389 1,245,315
8 One- to four-family 677,603 745,510
9 Multifamily 45,451 49,670
10 Nonfarm, nonresidential 397,452 423,148
11 Farm 24,883 26,986
12 Savings institutions(3) 628,335 631,826
13 One- to four-family 513,712 520,782
14 Multifamily 61,570 59,540
15 Nonfarm, nonresidential 52,723 51,150
16 Farm 331 354
17 Life insurance companies 208,162 206,840
18 One- to four-family 6,977 7,187
19 Multifamily 30,750 30,402
20 Nonfarm, nonresidential 160,315 158,779
21 Farm 10,120 10,472
22 Federal and related agencies 295,192 286,194
23 Government National Mortgage Association 2 8
24 One- to four-family 2 8
25 Multifamily 0 0
26 Farmers Home Administration(4) 41,596 41,195
27 One- to four-family 17,303 17,253
28 Multifamily 11,685 11,720
29 Nonfarm, nonresidential 6,841 7,370
30 Farm 5,768 4,852
31 Federal Housing and Veterans'
Administrations 6,244 3,811
32 One- to four-family 3,524 1,767
33 Multifamily 2,719 2,044
34 Resolution Trust Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm, nonresidential 0 0
38 Farm 0 0
39 Federal Deposit Insurance Corporation 2,431 724
40 One- to four-family 365 117
41 Multifamily 413 140
42 Nonfarm, nonresidential 1,653 467
43 Farm 0 0
44 Federal National Mortgage Association 168,813 161,308
45 One- to four-family 155,008 149,831
46 Multifamily 13,805 11,477
47 Federal Land Banks 29,602 30,657
48 One- to four-family 1,742 1,804
49 Farm 0 0
50 Federal Home Loan Mortgage Corporation 46,504 48,454
51 One- to four-family 41,758 42,629
52 Multifamily 4,746 5,825
53 Mortgage pools or trusts(5) 2,040,847 2,239,350
54 Government National Mortgage Association 506,246 536,879
55 One- to four-family 494,064 523,225
56 Multifamily 12,182 13,654
57 Federal Home Loan Mortgage Corporation 554,260 579,385
58 One- to four-family 551,513 576,846
59 Multifamily 2,747 2,539
60 Federal National Mortgage Association 650,779 709,582
61 One- to four-family 633,209 687,981
62 Multifamily 17,570 21,601
63 Farmers Home Administration(4) 3 2
64 One- to four-family 0 0
65 Multifamily 0 0
66 Nonfarm, nonresidential 0 0
67 Farm 3 2
68 Private mortgage conduits 329,559 413,502
69 One- to four-family(6) 258,800 316,400
70 Multifamily 16,369 21,591
71 Nonfarm, nonresidential 54,390 75,511
72 Farm 0 0
73 Individuals and others(7) 550,372 594,594
74 One- to four-family 363,104 382,315
75 Multifamily 68,830 72,088
76 Nonfarm, nonresidential 100,269 121,412
77 Farm 18,169 18,779
1999
Type of holder and property 1998
Q3
1 All holders 5,737,161 6,236,316
By type of property
2 One- to four-family residences 4,362,699 4,698,263
3 Multifamily residences 332,121 360,939
4 Nonfarm, nonresidential 945,836 1,075,719
5 Farm 96,506 101,395
By type of holder
6 Major financial institutions 2,194,813 2,321,356
7 Commercial banks(2) 1,337,217 1,418,819
8 One- to four-family 797,492 827,291
9 Multifamily 54,116 63,964
10 Nonfarm, nonresidential 456,574 496,246
11 Farm 29,035 31,320
12 Savings institutions(3) 643,957 676,346
13 One- to four-family 533,918 560,622
14 Multifamily 56,821 57,282
15 Nonfarm, nonresidential 52,801 57,983
16 Farm 417 459
17 Life insurance companies 213,640 226,190
18 One- to four-family 6,590 7,432
19 Multifamily 31,522 31,998
20 Nonfarm, nonresidential 164,004 174,571
21 Farm 11,524 12,189
22 Federal and related agencies 293,613 322,572
23 Government National Mortgage Association 7 8
24 One- to four-family 7 8
25 Multifamily 0 0
26 Farmers Home Administration(4) 40,851 73,705
27 One- to four-family 16,895 16,583
28 Multifamily 11,739 11,745
29 Nonfarm, nonresidential 7,705 41,068
30 Farm 4,513 4,308
31 Federal Housing and Veterans'
Administrations 3,674 3,889
32 One- to four-family 1,849 2,013
33 Multifamily 1,825 1,876
34 Resolution Trust Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm, nonresidential 0 0
38 Farm 0 0
39 Federal Deposit Insurance Corporation 361 163
40 One- to four-family 58 26
41 Multifamily 70 31
42 Nonfarm, nonresidential 233 105
43 Farm 0 0
44 Federal National Mortgage Association 157,675 153,172
45 One- to four-family 147,594 142,982
46 Multifamily 10,081 10,190
47 Federal Land Banks 32,983 34,217
48 One- to four-family 1,941 2,013
49 Farm 0 0
50 Federal Home Loan Mortgage Corporation 57,085 55,695
51 One- to four-family 49,106 44,010
52 Multifamily 7,979 11,685
53 Mortgage pools or trusts(5) 2,589,800 2,891,187
54 Government National Mortgage Association 537,446 569,038
55 One- to four-family 522,498 552,670
56 Multifamily 14,948 16,368
57 Federal Home Loan Mortgage Corporation 646,459 738,581
58 One- to four-family 643,465 735,088
59 Multifamily 2,994 3,493
60 Federal National Mortgage Association 834,517 938,484
61 One- to four-family 804,204 903,531
62 Multifamily 30,313 34,953
63 Farmers Home Administration(4) 1 0
64 One- to four-family 0 0
65 Multifamily 0 0
66 Nonfarm, nonresidential 0 0
67 Farm 1 0
68 Private mortgage conduits 571,378 645,083
69 One- to four-family(6) 412,700 455,276
70 Multifamily 34,329 40,935
71 Nonfarm, nonresidential 124,348 148,872
72 Farm 0 0
73 Individuals and others(7) 658,935 701,202
74 One- to four-family 423,416 447,171
75 Multifamily 75,374 76,242
76 Nonfarm, nonresidential 140,171 156,874
77 Farm 19,974 20,915
1999 2000
Type of holder and property
Q4 Q1
1 All holders 6,385,916 6,481,515
By type of property
2 One- to four-family residences 4,793,966 4,853,759
3 Multifamily residences 374,596 382,386
4 Nonfarm, nonresidential 1,114,392 1,141,622
5 Farm 102,962 103,748
By type of holder
6 Major financial institutions 2,394,923 2,456,786
7 Commercial banks(2) 1,495,502 1,546,816
8 One- to four-family 879,552 904,581
9 Multifamily 67,591 72,431
10 Nonfarm, nonresidential 516,520 537,131
11 Farm 31,839 32,673
12 Savings institutions(3) 668,634 680,745
13 One- to four-family 549,072 560,046
14 Multifamily 59,138 57,759
15 Nonfarm, nonresidential 59,948 62,447
16 Farm 475 493
17 Life insurance companies 230,787 229,225
18 One- to four-family 5,934 5,874
19 Multifamily 32,818 32,602
20 Nonfarm, nonresidential 179,048 177,870
21 Farm 12,987 12,879
22 Federal and related agencies 322,352 323,145
23 Government National Mortgage Association 7 7
24 One- to four-family 7 7
25 Multifamily 0 0
26 Farmers Home Administration(4) 73,871 72,899
27 One- to four-family 16,506 16,456
28 Multifamily 11,741 11,732
29 Nonfarm, nonresidential 41,355 40,509
30 Farm 4,268 4,202
31 Federal Housing and Veterans'
Administrations 3,712 3,794
32 One- to four-family 1,851 1,847
33 Multifamily 1,861 1,947
34 Resolution Trust Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm, nonresidential 0 0
38 Farm 0 0
39 Federal Deposit Insurance Corporation 152 98
40 One- to four-family 25 16
41 Multifamily 29 19
42 Nonfarm, nonresidential 98 63
43 Farm 0 0
44 Federal National Mortgage Association 151,500 150,312
45 One- to four-family 141,195 139,986
46 Multifamily 10,305 10,326
47 Federal Land Banks 34,187 34,142
48 One- to four-family 2,012 2,009
49 Farm 0 0
50 Federal Home Loan Mortgage Corporation 56,676 57,009
51 One- to four-family 44,321 43,384
52 Multifamily 12,355 13,625
53 Mortgage pools or trusts(5) 2,954,784 2,982,316
54 Government National Mortgage Association 582,263 589,192
55 One- to four-family 565,189 571,506
56 Multifamily 17,074 17,686
57 Federal Home Loan Mortgage Corporation 749,081 757,106
58 One- to four-family 744,619 752,607
59 Multifamily 4,462 4,499
60 Federal National Mortgage Association 960,883 975,815
61 One- to four-family 924,941 938,898
62 Multifamily 35,942 36,917
63 Farmers Home Administration(4) 0 0
64 One- to four-family 0 0
65 Multifamily 0 0
66 Nonfarm, nonresidential 0 0
67 Farm 0 0
68 Private mortgage conduits 662,557 660,203
69 One- to four-family(6) 462,600 455,623
70 Multifamily 42,628 43,268
71 Nonfarm, nonresidential 157,330 161,312
72 Farm 0 0
73 Individuals and others(7) 713,857 719,268
74 One- to four-family 454,126 456,285
75 Multifamily 78,420 79,326
76 Nonfarm, nonresidential 160,093 162,289
77 Farm 21,217 21,368
2000
Type of holder and property
Q2 Q3
1 All holders 6,651,208 6,803,226
By type of property
2 One- to four-family residences 4,977,879 5,104,650
3 Multifamily residences 392,595 399,882
4 Nonfarm, nonresidential 1,174,687 1,191,463
5 Farm 106,047 107,232
By type of holder
6 Major financial institutions 2,548,570 2,603,713
7 Commercial banks(2) 1,614,307 1,648,734
8 One- to four-family 948,496 968,069
9 Multifamily 75,713 76,945
10 Nonfarm, nonresidential 556,382 569,801
11 Farm 33,717 33,919
12 Savings institutions(3) 701,992 721,488
13 One- to four-family 578,641 595,472
14 Multifamily 59,142 60,044
15 Nonfarm, nonresidential 63,691 65,441
16 Farm 518 531
17 Life insurance companies 232,270 233,491
18 One- to four-family 5,949 5,999
19 Multifamily 33,037 33,206
20 Nonfarm, nonresidential 180,243 181,167
21 Farm 13,041 13,119
22 Federal and related agencies 332,868 336,871
23 Government National Mortgage Association 7 6
24 One- to four-family 7 6
25 Multifamily 0 0
26 Farmers Home Administration(4) 72,896 73,009
27 One- to four-family 16,435 16,444
28 Multifamily 11,729 11,734
29 Nonfarm, nonresidential 40,554 40,665
30 Farm 4,179 4,167
31 Federal Housing and Veterans'
Administrations 3,845 3,395
32 One- to four-family 1,832 1,327
33 Multifamily 2,013 2,068
34 Resolution Trust Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm, nonresidential 0 0
38 Farm 0 0
39 Federal Deposit Insurance Corporation 72 82
40 One- to four-family 12 13
41 Multifamily 14 16
42 Nonfarm, nonresidential 46 53
43 Farm 0 0
44 Federal National Mortgage Association 153,507 153,114
45 One- to four-family 142,478 141,786
46 Multifamily 11,029 11,328
47 Federal Land Banks 34,830 35,549
48 One- to four-family 2,049 2,092
49 Farm 0 0
50 Federal Home Loan Mortgage Corporation 56,972 57,046
51 One- to four-family 42,892 42,138
52 Multifamily 14,080 14,908
53 Mortgage pools or trusts(5) 3,034,134 3,112,824
54 Government National Mortgage Association 590,830 602,794
55 One- to four-family 572,783 584,318
56 Multifamily 18,047 18,476
57 Federal Home Loan Mortgage Corporation 768,641 790,891
58 One- to four-family 763,890 786,007
59 Multifamily 4,751 4,884
60 Federal National Mortgage Association 995,815 1,020,828
61 One- to four-family 957,584 981,206
62 Multifamily 38,231 39,622
63 Farmers Home Administration(4) 0 0
64 One- to four-family 0 0
65 Multifamily 0 0
66 Nonfarm, nonresidential 0 0
67 Farm 0 0
68 Private mortgage conduits 678,848 698,311
69 One- to four-family(6) 464,593 477,899
70 Multifamily 44,290 44,513
71 Nonfarm, nonresidential 169,965 175,899
72 Farm 0 0
73 Individuals and others(7) 735,636 749,818
74 One- to four-family 469,801 487,534
75 Multifamily 80,219 81,808
76 Nonfarm, nonresidential 163,806 158,437
77 Farm 21,811 22,039
(1.) Multifamily debt refers to loans on structures of five or more
units.
(2.) Includes loans held by nondeposit trust companies but not loans
held by bank trust departments.
(3.) Includes savings banks and savings and loan associations.
(4.) FmHA-guaranteed securities sold to the Federal Financing Bank were
reallocated from FmHA mortgage pools to FmHA mortgage holdings in
1986:Q4 because of accounting changes by the Farmers Home
Administration.
(5.) Outstanding principal balances of mortgage-backed securities
insured or guaranteed by the agency indicated.
(6.) Includes securitized home equity loans.
(7.) Other holders include mortgage companies, real estate investment
trusts, state and local credit agencies, state and local retirement
funds, noninsured pension funds, credit unions, and finance companies.
SOURCE. Based on data from various institutional and government
sources. Separation of nonfarm mortgage debt by type of property, if
not reported directly, and interpolations and extrapolations, when
required for some quarters, are estimated in part by the Federal
Reserve. Line 69 from Inside Mortgage Securities and other sources.
1.55 CONSUMER CREDIT(1)
Millions of dollars, amounts outstanding, end of period
Holder and type of credit 1998 1999 2000(r)
Seasonally adjusted
1 Total 1,301,023 1,393,657 1,533,800
2 Revolving 560,504 595,610 663,000
3 Nonrevolving(2) 740,519 798,047 870,800
Not seasonally adjusted
4 Total 1,331,742 1,426,151 1,568,800
By major holder
5 Commercial banks 508,932 499,758 543,700
6 Finance companies 168,491 181,573 193,200
7 Credit unions 155,406 167,921 185,300
8 Savings institutions 51,611 61,527 64,000
9 Nonfinancial business 74,877 80,311 82,700
10 Pools of securitized
assets(3) 372,425 4,35,061 500,000
By major type of credit(4)
11 Revolving 586,528 623,245 692,800
12 Commercial banks 210,346 189,352 218,100
13 Finance companies 32,309 33,814 38,251
14 Credit unions 19,930 20,641 21,759
15 Savings institutions 12,450 15,838 16,556
16 Nonfinancial business 39,166 42,783 42,430
17 Pools of securitized
assets(3) 272,327 320,817 355,762
18 Nonrevolving 745,214 802,906 875,985
19 Commercial banks 298,586 310,406 325,648
20 Finance companies 136,182 147,759 154,938
21 Credit unions 135,476 147,280 163,493
22 Savings institutions 39,161 45,689 47,452
23 Nonfinancial business 35,711 37,528 40,244
24 Pools of securitized
assets(3) 100,098 114,244 144,209
2000
Holder and type of credit
Aug. Sept. Oct.
Seasonally adjusted
1 Total 1,484,081 1,492,934 1,509,568
2 Revolving 645,121 649,297 656,666
3 Nonrevolving(2) 838,961 843,637 852,902
Not seasonally adjusted
4 Total 1,486,048 1,495,627 1,513,688
By major holder
5 Commercial banks 520,431 521,767 521,515
6 Finance companies 196,555 197,276 200,815
7 Credit unions 180,679 181,597 183,010
8 Savings institutions 62,037 62,580 62,815
9 Nonfinancial business 73,030 72,091 70,842
10 Pools of securitized
assets(3) 453,316 460,316 474,691
By major type of credit(4)
11 Revolving 641,298 645,820 654,678
12 Commercial banks 204,016 202,362 201,874(r)
13 Finance companies 33,558 35,405 37,147
14 Credit unions 20,796 20,779(r) 20,804
15 Savings institutions 16,036 16,327 16,403(r)
16 Nonfinancial business 36,669 35,817 34,484
17 Pools of securitized
assets(3) 330,223 335,126 343,313
18 Nonrevolving 844,750 849,772(r) 861,838(r)
19 Commercial banks 316,415 319,423(r) 321,998(r)
20 Finance companies 162,997 161,871 163,700(r)
21 Credit unions 159,883 160,818(r) 162,359
22 Savings institutions 46,001 46,196(r) 46,615(r)
23 Nonfinancial business 36,361 36,274 36,308(r)
24 Pools of securitized
assets(3) 123,093 125,190 130,858
2000 2001
Holder and type of credit
Nov. Dec.(r) Jan.
Seasonally adjusted
1 Total 1,522,000 1,533,800 1,550,000
2 Revolving 662,800 663,000 680,900
3 Nonrevolving(2) 862,200 870,800 882,600
Not seasonally adjusted
4 Total 1,529,800 1,568,800 1,558,700
By major holder
5 Commercial banks 527,200 543,700 533,300
6 Finance companies 197,800 193,200 189,600
7 Credit unions 184,200 185,300 184,100
8 Savings institutions 63,100 64,000 64,100
9 Nonfinancial business 73,800 82,700 73,000
10 Pools of securitized
assets(3) 483,800 500,000 514,400
By major type of credit(4)
11 Revolving 664,300 692,800 681,700
12 Commercial banks 206,100 218,100 205,900
13 Finance companies 37,956(r) 38,251 38,074
14 Credit unions 21,276 21,759 21,313
15 Savings institutions 16,480(r) 16,556 16,775
16 Nonfinancial business 36,430 42,430 38,845
17 Pools of securitized
assets(3) 345,817 355,762 355,965
18 Nonrevolving 870,362(r) 875,985 879,988
19 Commercial banks 325,284(r) 325,648 329,723
20 Finance companies 159,803(r) 154,938 149,937
21 Credit unions 162,960 163,493 163,461
22 Savings institutions 47,034(r) 47,452 47,255
23 Nonfinancial business 37,347(r) 40,244 38,723
24 Pools of securitized
assets(3) 137,934 144,209 150,889
(1.) The Board's series on amounts of credit covers most short- and
intermediate-term credit extended to individuals, excluding loans
secured by real estate. Data in this table also appear in the Board's
G. 19 (421) monthly statistical release. For ordering address, see
inside front cover.
(2.) Comprises motor vehicle loans, mobile home loans, and all other
loans that are not included in revolving credit, such as loans for
education, boats, trailers, or vacations. These loans may be secured or
unsecured.
(3.) Outstanding balances of pools upon which securities have been
issued; these balances are no longer carded on the balance sheets of
the loan originator.
(4.) Totals include estimates for certain holders for which only
consumer credit totals are available.
1.56 TERMS OF CONSUMER CREDIT(1)
Percent per year except as noted
2000
Item 1998(r) 1999(r) 2000(r)
July
INTEREST RATES
Commercial banks(2)
1 48-month new car 8.72 8.44 9.34 n.a.
2 24-month personal 13.74 13.39 13.90 n.a.
Credit card plan
3 All accounts 15.71 15.21 15.71 n.a.
4 Accounts assessed interest 15.59 14.81 14.91 n.a.
Auto finance companies
5 New car 6.30 6.66 6.61 6.55
6 Used car 12.64 12.60 13.55 13.64
OTHER TERMS(3)
Maturity (months)
7 New car 52.1 52.7 54.9 55.6
8 Used car 53.5 55.9 57.0 57.2
Loan-to-value ratio
9 New car 92 92 92 92
10 Used car 99 99 99 100
Amount financed (dollars)
11 New car 19,083 19,880 20,923 20,406
12 Used car 12,691 13,642 14,058 14,269
2000
Item
Aug. Sept. Oct.
INTEREST RATES
Commercial banks(2)
1 48-month new car 9.62 n.a. n.a.
2 24-month personal 13.85 n.a. n.a.
Credit card plan
3 All accounts 15.98 n.a. n.a.
4 Accounts assessed interest 15.35 n.a. n.a.
Auto finance companies
5 New car 7.46 7.16 4.74
6 Used car 13.70 13.91 13.87
OTHER TERMS(3)
Maturity (months)
7 New car 55.7 55.9 57.6
8 Used car 57.2 57.0 57.0
Loan-to-value ratio
9 New car 92 91 93
10 Used car 100 100 100
Amount financed (dollars)
11 New car 20,664 21,010 22,069
12 Used car 14,166 13,950 13,978
2000 2001
Item
Nov. Dec. Jan.
INTEREST RATES
Commercial banks(2)
1 48-month new car 9.63 n.a. n.a.
2 24-month personal 14.12 n.a. n.a.
Credit card plan
3 All accounts 15.99 n.a. n.a.
4 Accounts assessed interest 15.23 n.a. n.a.
Auto finance companies
5 New car 5.41 7.45 7.29
6 Used car 13.66(r) 13.58(r) 13.11
OTHER TERMS(3)
Maturity (months)
7 New car 57.3 55.2 54.3
8 Used car 56.8 56.6 57.8
Loan-to-value ratio
9 New car 93 91 90
10 Used car 100 100 98
Amount financed (dollars)
11 New car 22,443 21,867 21,315
12 Used car 14,325 14,591 14,155
(1.) The Board's series on amounts of credit covers most short- and
intermediate-term credit extended to individuals. Data in this table
also appear in the Board's G.19 (421) monthly statistical release.
For ordering address, see inside front cover.
(2.) Data are available for only the second month of each quarter.
(3.) At auto finance companies.
1.57 FUNDS RAISED IN U.S. CREDIT MARKETS(1)
Billions of dollars; quarterly data at seasonally adjusted annual rates
Transaction category or sector 1995 1996 1997
Nonfinancial sectors
1 Total net borrowing by domestic
nonfinancial sectors 711.1 731.3 804.6
By sector and instrument
2 Federal government 144.4 145.0 23.1
3 Treasury securities 142.9 146.6 23.2
4 Budget agency securities and
mortgages 1.5 -1.6 -.1
5 Nonfederal 566.7 586.3 781.5
By instrument
6 Commercial paper 18.1 -.9 13.7
7 Municipal securities and loans -48.2 2.6 71.4
8 Corporate bonds 91.1 116.3 150.5
9 Bank loans n.e.c. 103.7 70.5 106.5
10 Other loans and advances 67.2 33.5 69.1
11 Mortgages 195.8 275.7 317.7
12 Home 181.0 242.1 252.3
13 Multifamily residential 6.1 9.0 8.2
14 Commercial 7.1 22.0 54.1
15 Farm 1.6 2.6 3.2
16 Consumer credit 138.9 88.8 52.5
By borrowing sector
17 Household 363.5 357.8 337.1
18 Nonfinancial business 254.7 235.3 388.2
19 Corporate 227.5 149.1 266.5
20 Nonfarm noncorporate 24.3 81.4 115.6
21 Farm 2.9 4.8 6.2
22 State and local government -51.5 -6.8 56.1
23 Foreign net borrowing in United States 78.5 88.4 71.8
24 Commercial paper 13.5 11.3 3.7
25 Bonds 57.1 67.0 61.4
26 Bankloans n.e.c. 8.5 9.1 8.5
27 Other loans and advances -0.5 1.0 -1.8
28 Total domestic plus foreign 789.6 819.7 876.3
Financial sectors
29 Total net borrowing by financial
sectors 454.0 545.7 653.8
By instrument
30 Federal government-related 204.2 231.4 212.9
31 Government-sponsored enterprise
securities 105.9 90.4 98.4
32 Mortgage pool securities 98.3 141.0 114.6
33 Loans from U.S. government .0 .0 .0
34 Private 249.8 314.4 440.9
35 Open market paler 42.7 92.2 166.7
36 Corporate bonds 195.9 173.8 210.5
37 Bank loans n.e.c. 2.5 12.6 13.2
38 Other loans and advances 3.4 27.9 35.6
39 Mortgages 5.3 7.9 14.9
By borrowing sector
40 Commercial banking 22.5 13.0 46.1
41 Saving institutions 26.0 25.5 19.7
42 Credit unions -.1 .1 .1
43 Life insurance companies -.1 1.1 .2
44 Government-sponsored enterprises 105.9 90.4 98.4
45 Federally related mortgage pools 98.3 141.0 114.6
46 Issuers of asset-backed securities
(ABSs) 142.4 150.8 202.2
47 Finance companies 50.2 45.9 48.7
48 Mortgage companies -2.2 4.1 -4.6
49 Real estate investment mists (REITs) 4.5 11.9 39.6
50 Brokers and dealers -5.0 -2.0 8.1
51 Funding corporations 34.9 64.1 80.7
All sectors
52 Total net borrowing, all sectors 1,243.7 1,365.4 1,530.1
53 Open market paper 74.3 102.6 184.1
54 U.S. government securities 348.6 376.4 236.0
55 Municipal securities -48.2 2.6 71.4
56 Corporate and foreign bonds 344.1 357.0 422.4
57 Bank loans n.e.c. 114.7 92.1 128.2
58 Other loans and advances 70.1 62.5 102.8
59 Mortgages 201.1 283.5 332.6
60 Consumer credit 138.9 88.8 52.5
Funds raised through mutual
funds and corporate
equities
61 Total net issues 131.5 231.9 181.2
62 Corporate equities -16.0 -5.7 -83.9
63 Nonfinancial corporations -58.3 -69.5 -114.4
64 Foreign shares purchased by U.S.
residents 50.4 82.8 57.6
65 Financial corporations -8.1 -19.0 -27.1
66 Mutual fund shares 147.4 237.6 265.1
1999
Transaction category or sector 1998 1999
Q2
Nonfinancial sectors
1 Total net borrowing by domestic
nonfinancial sectors 1,044.6 1121.5 939.8
By sector and instrument
2 Federal government -52.6 -71.2 -98.5
3 Treasury securities -54.6 -71.0 -99.1
4 Budget agency securities and
mortgages 2.0 -.2 .6
5 Nonfederal 1,097.2 1,192.7 1,038.3
By instrument
6 Commercial paper 24.4 37.4 -2.6
7 Municipal securities and loans 96.8 68.2 56.8
8 Corporate bonds 218.7 229.9 287.6
9 Bank loans n.e.c. 108.2 82.7 24.0
10 Other loans and advances 74.3 71.2 2.3
11 Mortgages 507.2 608.9 608.9
12 Home 386.8 432.0 440.2
13 Multifamily residential 20.8 40.2 33.0
14 Commercial 93.4 131.2 126.7
15 Farm 6.2 5.5 9.0
16 Consumer credit 67.6 94.4 61.4
By borrowing sector
17 Household 479.1 538.2 512.9
18 Nonfinancial business 537.8 602.1 481.8
19 Corporate 418.1 481.6 372.8
20 Nonfarm noncorporate 112.0 115.3 107.2
21 Farm 7.7 5.2 1.7
22 State and local government 80.3 52.3 43.6
23 Foreign net borrowing in United States 43.3 25.3 -24.5
24 Commercial paper 7.8 16.3 -27.5
25 Bonds 34.8 14.2 0.2
26 Bankloans n.e.c. 6.7 0.5 5.6
27 Other loans and advances -6.0 -5.7 -2.8
28 Total domestic plus foreign 1,087.9 1,146.8 915.3
Financial sectors
29 Total net borrowing by financial
sectors 1,073.9 1,087.9 995.3
By instrument
30 Federal government-related 470.9 592.0 576.6
31 Government-sponsored enterprise
securities 278.3 318.2 304.7
32 Mortgage pool securities 192.6 273.8 271.9
33 Loans from U.S. government .0 .0 .0
34 Private 603.0 495.9 418.8
35 Open market paler 161.0 176.2 57.3
36 Corporate bonds 296.9 221.8 254.8
37 Bank loans n.e.c. 30.1 -14.3 11.0
38 Other loans and advances 90.2 107.1 107.9
39 Mortgages 24.8 5.1 -12.3
By borrowing sector
40 Commercial banking 72.9 67.2 61.5
41 Saving institutions 52.2 48.0 59.2
42 Credit unions .6 2.2 1.4
43 Life insurance companies .7 .7 3.0
44 Government-sponsored enterprises 278.3 318.2 304.7
45 Federally related mortgage pools 192.6 273.8 271.9
46 Issuers of asset-backed securities
(ABSs) 321.4 234.0 301.5
47 Finance companies 43.0 62.4 90.5
48 Mortgage companies 1.6 .2 5.1
49 Real estate investment mists (REITs) 62.7 6.3 -19.7
50 Brokers and dealers 7.2 -17.2 -18.3
51 Funding corporations 40.7 92.2 -65.3
All sectors
52 Total net borrowing, all sectors 2,161.8 2,234.6 1,910.7
53 Open market paper 193.1 229.9 27.2
54 U.S. government securities 418.3 520.7 478.1
55 Municipal securities 96.8 68.2 56.8
56 Corporate and foreign bonds 550.4 465.9 542.6
57 Bank loans n.e.c. 145.0 68.9 40.6
58 Other loans and advances 158.5 172.6 107.5
59 Mortgages 532.0 614.0 596.6
60 Consumer credit 67.6 94.4 61.4
Funds raised through mutual
funds and corporate
equities
61 Total net issues 100.0 156.5 173.1
62 Corporate equities -174.6 -31.8 -39.3
63 Nonfinancial corporations -267.0 -143.5 -338.4
64 Foreign shares purchased by U.S.
residents 101.2 114.4 284.4
65 Financial corporations -8.9 -2.8 14.7
66 Mutual fund shares 274.6 188.3 212.4
1999 2000
Transaction category or sector
Q3 Q4 Q1
Nonfinancial sectors
1 Total net borrowing by domestic
nonfinancial sectors 1,178.0 1,089.5 924.0
By sector and instrument
2 Federal government -68.9 -34.0 -215.5
3 Treasury securities -68.9 -34.0 -213.5
4 Budget agency securities and
mortgages .0 .0 -2.1
5 Nonfederal 1,247.0 1,123.5 1,139.6
By instrument
6 Commercial paper 49.8 44.0 29.8
7 Municipal securities and loans 71.3 52.5 8.9
8 Corporate bonds 202.8 155.2 186.2
9 Bank loans n.e.c. 112.3 108.6 131.9
10 Other loans and advances 79.2 55.4 153.3
11 Mortgages 655.4 598.3 484.9
12 Home 479.4 397.1 344.1
13 Multifamily residential 41.3 50.9 29.5
14 Commercial 127.6 147.9 104.4
15 Farm 7.0 2.5 6.9
16 Consumer credit 76.2 109.5 144.6
By borrowing sector
17 Household 580.6 498.0 523.0
18 Nonfinancial business 613.9 591.9 612.8
19 Corporate 473.8 453.6 481.3
20 Nonfarm noncorporate 131.6 132.7 116.5
21 Farm 8.5 5.6 15.0
22 State and local government 52.5 33.6 3.8
23 Foreign net borrowing in United States 77.3 17.6 118.0
24 Commercial paper 41.1 33.6 57.8
25 Bonds 44.0 -2.7 45.7
26 Bankloans n.e.c. -6.6 2.3 15.4
27 Other loans and advances -1.1 -15.5 -0.9
28 Total domestic plus foreign 1,255.4 1,107.1 1,042.0
Financial sectors
29 Total net borrowing by financial
sectors 1,064.2 1,063.2 617.7
By instrument
30 Federal government-related 651.6 550.1 248.6
31 Government-sponsored enterprise
securities 407.1 367.9 104.9
32 Mortgage pool securities 244.5 182.2 143.7
33 Loans from U.S. government .0 .0 .0
34 Private 412.6 513.0 369.2
35 Open market paler 89.9 479.0 130.9
36 Corporate bonds 179.5 -21.0 166.5
37 Bank loans n.e.c. -5.9 -55.6 .3
38 Other loans and advances 139.8 107.5 64.4
39 Mortgages 9.4 3.2 7.0
By borrowing sector
40 Commercial banking 107.0 54.1 72.4
41 Saving institutions 51.9 5.8 40.6
42 Credit unions 2.8 3.3 -2.9
43 Life insurance companies 1.1 -4.4 -.7
44 Government-sponsored enterprises 407.1 367.9 104.9
45 Federally related mortgage pools 244.5 182.2 143.7
46 Issuers of asset-backed securities
(ABSs) 220.5 124.2 166.0
47 Finance companies -17.2 99.2 52.3
48 Mortgage companies -6.1 6.2 -3.0
49 Real estate investment mists (REITs) 7.9 11.3 11.5
50 Brokers and dealers 17.8 -37.3 44.4
51 Funding corporations 27.0 250.6 -11.4
All sectors
52 Total net borrowing, all sectors 2,319.6 2,170.3 1,659.8
53 Open market paper 180.7 556.6 218.4
54 U.S. government securities 582.7 516.1 33.0
55 Municipal securities 71.3 52.5 8.9
56 Corporate and foreign bonds 426.3 131.5 398.4
57 Bank loans n.e.c. 99.8 55.2 147.7
58 Other loans and advances 217.9 147.3 216.9
59 Mortgages 664.8 601.5 491.9
60 Consumer credit 76.2 109.5 144.6
Funds raised through mutual
funds and corporate
equities
61 Total net issues 124.5 172.9 410.7
62 Corporate equities -3.0 .1 104.6
63 Nonfinancial corporations -128.4 -55.0 62.8
64 Foreign shares purchased by U.S.
residents 121.7 71.3 63.3
65 Financial corporations 3.7 -16.2 -21.4
66 Mutual fund shares 127.5 172.8 306.1
2000
Transaction category or sector
Q2 Q3 Q4
Nonfinancial sectors
1 Total net borrowing by domestic
nonfinancial sectors 971.5 779.9 835.7
By sector and instrument
2 Federal government -414.0 -219.5 -334.5
3 Treasury securities -415.8 -217.1 -333.3
4 Budget agency securities and
mortgages 1.8 -2.4 -1.2
5 Nonfederal 1,385.4 999.4 1,170.2
By instrument
6 Commercial paper 110.4 56.1 -4.0
7 Municipal securities and loans 34.0 29.8 68.6
8 Corporate bonds 153.8 184.4 175.6
9 Bank loans n.e.c. 163.1 31.8 84.2
10 Other loans and advances 124.4 -2.5 141.1
11 Mortgages 662.6 577.0 570.5
12 Home 489.4 429.6 414.1
13 Multifamily residential 44.7 31.3 36.6
14 Commercial 119.7 110.7 116.8
15 Farm 8.9 5.3 3.0
16 Consumer credit 137.2 122.9 134.2
By borrowing sector
17 Household 638.9 552.2 576.0
18 Nonfinancial business 725.7 423.5 533.9
19 Corporate 592.4 309.1 404.5
20 Nonfarm noncorporate 125.1 109.3 117.6
21 Farm 8.3 5.1 11.7
22 State and local government 20.8 23.6 60.3
23 Foreign net borrowing in United States -7.6 89.2 47.8
24 Commercial paper 12.0 7.0 50.1
25 Bonds -27.4 71.7 -15.3
26 Bankloans n.e.c. 5.7 11.9 12.2
27 Other loans and advances 2.0 -1.5 0.8
28 Total domestic plus foreign 963.9 869.0 883.5
Financial sectors
29 Total net borrowing by financial
sectors 817.5 733.2 1,079.0
By instrument
30 Federal government-related 370.9 503.5 607.9
31 Government-sponsored enterprise
securities 248.9 278.1 300.5
32 Mortgage pool securities 122.1 225.4 307.4
33 Loans from U.S. government .0 .0 .0
34 Private 446.6 229.7 471.1
35 Open market paler 77.4 65.2 237.5
36 Corporate bonds 230.7 195.9 220.9
37 Bank loans n.e.c. 5.4 -.7 -12.7
38 Other loans and advances 123.1 -36.7 19.1
39 Mortgages 10.0 6.0 6.4
By borrowing sector
40 Commercial banking 113.2 23.5 31.1
41 Saving institutions 59.1 -23.4 32.5
42 Credit unions .9 1.1 1.0
43 Life insurance companies -1.1 -.3 -.7
44 Government-sponsored enterprises 248.9 578.1 300.5
45 Federally related mortgage pools 122.1 225.4 307.4
46 Issuers of asset-backed securities
(ABSs) 154.8 155.6 298.8
47 Finance companies 103.9 96.9 46.8
48 Mortgage companies 2.7 -.3 1.0
49 Real estate investment mists (REITs) 9.8 -2.4 10.4
50 Brokers and dealers -.7 25.4 -6.7
51 Funding corporations 4.0 -46.4 56.9
All sectors
52 Total net borrowing, all sectors 1,781.4 1,602.2 1,962.6
53 Open market paper 199.8 128.4 283.6
54 U.S. government securities -43.0 284.0 273.4
55 Municipal securities 34.0 29.8 68.6
56 Corporate and foreign bonds 357.2 452.0 381.2
57 Bank loans n.e.c. 174.2 43.0 83.6
58 Other loans and advances 249.5 -40.7 161.0
59 Mortgages 672.6 583.0 576.9
60 Consumer credit 137.2 122.9 134.2
Funds raised through mutual
funds and corporate
equities
61 Total net issues 168.9 208.1 -105.7
62 Corporate equities -68.7 -51.7 -282.0
63 Nonfinancial corporations -248.8 -75.6 -350.8
64 Foreign shares purchased by U.S.
residents 180.1 50.0 71.5
65 Financial corporations -.1 -26.1 -2.8
66 Mutual fund shares 237.6 259.8 176.3
(1.) Data in this table also appear in the Board's Z.1 (780) quarterly
statistical release, tables E2 through F.4. For ordering address, see
inside front cover.
1.58 SUMMARY OF FINANCIAL TRANSACTIONS(1)
Billions of dollars except as noted; quarterly data at seasonally
adjusted annual rates
Transaction category or sector 1995 1996 1997
NET LENDING IN CREDIT MARKETS(2)
1 Total net lending in credit markets 1,243.7 1,365.4 1,530.1
2 Domestic nonfederal nonfinancial
sectors -61.0 79.5 -13.7
3 Household 34.5 127.8 1.0
4 Nonfinancial corporate business -8.8 -10.2 -12.7
5 Nonfarm noncorporate business 4.7 -4.3 -2.1
6 State and local governments -91.4 -33.7 .1
7 Federal government -.5 -7.2 5.1
8 Rest of the world 273.9 414.4 311.3
9 Financial sectors 1,031.2 878.7 1,227.5
10 Monetary authority 12.7 12.3 38.3
11 Commercial banking 265.9 187.5 324.3
12 US-chartered banks 186.5 119.6 274.9
13 Foreign banking offices in
United States 75.4 63.3 40.2
14 Bank holding companies -.3 3.9 5.4
15 Banks in US-affiliated areas 4.2 .7 3.7
16 Savings institutions -7.6 19.9 -4.7
17 Credit unions 16.2 25.5 16.8
18 Bank personal trusts and estates -8.3 -7.7 -25.0
19 Life insurance companies 100.0 69.6 104.8
20 Other insurance companies 21.5 22.5 25.2
21 Private pension funds 19.9 -4.1 47.6
22 State and local government
retirement funds 33.6 37.3 63.8
23 Money market mutual funds 86.5 88.8 87.5
24 Mutual funds 52.5 48.9 80.9
25 Closed-end funds 10.5 4.7 -2.9
26 Government-sponsored enterprises 86.7 84.2 94.3
27 Federally related mortgage pools 98.3 141.0 114.6
28 Asset-backed securities issuers
(ABSs) 120.6 120.5 163.8
29 Finance companies 49.9 18.4 21.9
30 Mortgage companies -3.4 8.2 -9.1
31 Real estate investment trusts
(REITs) 1.4 4.4 20.2
32 Brokers and dealers 90.1 -15.7 14.9
33 Funding corporations -15.7 12.6 50.4
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 1,243.7 1,365.4 1,530.1
Other financial sources
35 Official foreign exchange 8.8 -6.3 .7
36 Special drawing rights certificates 2.2 -.5 -.5
37 Treasury currency .7 .5 .5
38 Foreign deposits 35.3 85.9 108.9
39 Net interbank transactions 10.0 -51.6 -19.7
40 Checkable deposits and currency -12.8 15.7 41.2
41 Small time and savings deposits 96.6 97.2 97.1
42 Large time deposits 65.6 114.0 122.5
43 Money market fund shares 141.2 145.4 155.9
44 Security repurchase agreements 110.5 41.4 120.9
45 Corporate equities -16.0 -5.7 -83.9
46 Mutual fund shares 147.4 237.6 265.1
47 Trade payables 127.5 113.5 132.1
48 Security credit 26.7 52.4 111.0
49 Life insurance reserves 45.8 44.5 59.3
50 Pension fund reserves 158.7 148.1 201.2
51 Taxes payable 6.2 16.2 15.7
52 Investment in bank personal trusts 6.4 -5.3 -49.9
53 Noncorporate proprietors' equity 34.6 -3.4 -46.0
54 Miscellaneous 505.4 532.1 487.5
55 Total financial sources 2,744.3 2,937.2 3,249.7
Liabilities not identified as
assets (-)
56 Treasury currency -.3 -.4 -.2
57 Foreign deposits 25.1 59.6 107.4
58 Net interbank liabilities -3.1 -3.3 -19.9
59 Security repurchase agreements 25.7 2.4 63.2
60 Taxes payable 21.1 23.1 28.0
61 Miscellaneous -166.0 -82.8 -84.7
Floats not included in assets (-)
62 Federal government checkable deposits -6.0 .5 -2.7
63 Other checkable deposits -3.8 -4.0 -3.9
64 Trade credit 14.1 -21.9 -28.5
65 Total identified to sectors as assets 2,837.6 2,964.2 3,190.9
1999
Transaction category or sector 1998 1999
Q2
NET LENDING IN CREDIT MARKETS(2)
1 Total net lending in credit markets 2,161.8 2,234.6 1,910.7
2 Domestic nonfederal nonfinancial
sectors 132.3 264.5 360.2
3 Household -16.2 200.5 279.4
4 Nonfinancial corporate business 14.0 19.1 -1.4
5 Nonfarm noncorporate business .1 1.5 1.2
6 State and local governments 134.5 43.4 81.0
7 Federal government 13.5 5.8 6.7
8 Rest of the world 254.2 210.6 61.6
9 Financial sectors 1,761.7 1,753.7 1,482.1
10 Monetary authority 21.1 25.7 59.8
11 Commercial banking 305.2 308.2 166.6
12 US-chartered banks 312.0 317.6 259.4
13 Foreign banking offices in
United States -11.9 -20.1 -102.5
14 Bank holding companies -.9 6.2 .4
15 Banks in US-affiliated areas 6.0 4.4 9.2
16 Savings institutions 36.3 68.7 85.3
17 Credit unions 19.0 27.5 32.7
18 Bank personal trusts and estates -12.8 27.8 27.8
19 Life insurance companies 76.9 53.5 68.2
20 Other insurance companies 20.4 -4.2 26.7
21 Private pension funds 56.4 45.0 68.7
22 State and local government
retirement funds 71.5 49.9 25.1
23 Money market mutual funds 244.0 182.0 -67.0
24 Mutual funds 124.8 47.2 117.2
25 Closed-end funds 4.5 3.1 3.1
26 Government-sponsored enterprises 261.7 235.5 251.7
27 Federally related mortgage pools 192.6 273.8 271.9
28 Asset-backed securities issuers
(ABSs) 281.7 215.8 284.8
29 Finance companies 51.9 94.9 88.1
30 Mortgage companies 3.2 .3 10.2
31 Real estate investment trusts
(REITs) -5.1 -2.6 -2.2
32 Brokers and dealers 6.8 -34.7 -135.9
33 Funding corporations 1.6 136.3 99.4
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 2,161.8 2,234.6 1,910.7
Other financial sources
35 Official foreign exchange 6.6 -8.7 -5.4
36 Special drawing rights certificates .0 -3.0 .0
37 Treasury currency .6 1.0 2.1
38 Foreign deposits 2.0 86.5 110.1
39 Net interbank transactions -32.3 17.6 93.4
40 Checkable deposits and currency 47.4 151.4 37.5
41 Small time and savings deposits 152.4 44.7 106.6
42 Large time deposits 92.1 130.6 42.4
43 Money market fund shares 287.2 249.1 115.3
44 Security repurchase agreements 91.3 169.7 -80.7
45 Corporate equities -174.6 -31.8 -39.3
46 Mutual fund shares 274.6 188.3 212.4
47 Trade payables 29.0 197.3 224.4
48 Security credit 103.3 104.3 128.2
49 Life insurance reserves 48.0 50.8 42.1
50 Pension fund reserves 202.5 187.7 199.0
51 Taxes payable 12.0 15.7 47.3
52 Investment in bank personal trusts -42.5 -7.1 -7.1
53 Noncorporate proprietors' equity -41.4 -8.0 23.8
54 Miscellaneous 841.6 749.1 1436.1
55 Total financial sources 4,061.4 4,519.7 4,598.8
Liabilities not identified as
assets (-)
56 Treasury currency -.1 -.7 .6
57 Foreign deposits -6.4 66.5 96.8
58 Net interbank liabilities 3.4 3.5 -4.8
59 Security repurchase agreements 61.3 30.1 .4
60 Taxes payable 13.9 3.2 25.0
61 Miscellaneous -56.4 -317.5 -101.4
Floats not included in assets (-)
62 Federal government checkable deposits 2.6 -7.4 -27.0
63 Other checkable deposits -3.1 -.8 -.9
64 Trade credit -40.1 54.0 -64.6
65 Total identified to sectors as assets 4,086.3 4,688.9 4,675.5
1999 2000
Transaction category or sector
Q3 Q4 Q1
NET LENDING IN CREDIT MARKETS(2)
1 Total net lending in credit markets 2,319.6 2,170.3 1,659.8
2 Domestic nonfederal nonfinancial
sectors 234.2 -8.8 -156.0
3 Household 242.8 9.7 -251.3
4 Nonfinancial corporate business 33.0 -22.3 90.4
5 Nonfarm noncorporate business .8 1.4 2.6
6 State and local governments -42.4 2.4 2.3
7 Federal government 11.2 -11.7 6.5
8 Rest of the world 385.3 138.7 325.9
9 Financial sectors 1,688.9 2,052.2 1,483.4
10 Monetary authority 20.6 -42.2 103.4
11 Commercial banking 449.4 548.7 377.1
12 US-chartered banks 421.9 457.7 409.2
13 Foreign banking offices in
United States 33.2 42.0 4.8
14 Bank holding companies -12.4 42.6 -42.2
15 Banks in US-affiliated areas 6.6 6.3 5.4
16 Savings institutions 58.1 20.2 50.2
17 Credit unions 27.5 18.8 35.6
18 Bank personal trusts and estates 27.8 27.8 18.9
19 Life insurance companies 36.8 30.7 57.2
20 Other insurance companies -14.4 -9.4 -14.0
21 Private pension funds 5.9 49.8 46.8
22 State and local government
retirement funds 40.0 58.2 55.3
23 Money market mutual funds 224.8 354.5 208.8
24 Mutual funds -13.0 -12.7 -77.8
25 Closed-end funds 3.1 3.1 3.1
26 Government-sponsored enterprises 275.9 225.3 139.2
27 Federally related mortgage pools 244.5 182.2 143.7
28 Asset-backed securities issuers
(ABSs) 212.0 94.4 145.3
29 Finance companies 91.7 114.4 132.9
30 Mortgage companies -12.1 12.3 -6.0
31 Real estate investment trusts
(REITs) -2.7 -7.0 -16.3
32 Brokers and dealers -6.7 -30.5 122.5
33 Funding corporations 19.7 413.6 -42.6
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 2,319.6 2,170.3 1,659.8
Other financial sources
35 Official foreign exchange -8.5 -7.0 1.5
36 Special drawing rights certificates -4.0 -4.0 .0
37 Treasury currency 2.0 .0 2.2
38 Foreign deposits 69.4 52.7 258.5
39 Net interbank transactions -30.8 -40.7 -71.1
40 Checkable deposits and currency 139.3 365.2 -219.1
41 Small time and savings deposits 119.1 28.0 104.3
42 Large time deposits 102.7 359.4 149.2
43 Money market fund shares 174.3 485.5 241.0
44 Security repurchase agreements 191.4 310.5 284.1
45 Corporate equities -3.0 .1 104.6
46 Mutual fund shares 127.5 172.8 306.1
47 Trade payables 243.6 199.5 228.2
48 Security credit 29.7 321.3 523.4
49 Life insurance reserves 48.1 57.6 49.8
50 Pension fund reserves 191.6 177.3 217.6
51 Taxes payable .4 16.8 22.5
52 Investment in bank personal trusts -7.2 -6.9 -5.9
53 Noncorporate proprietors' equity -56.5 10.2 -13.4
54 Miscellaneous 534.8 584.9 701.5
55 Total financial sources 4,183.4 5,253.8 4,544.7
Liabilities not identified as
assets (-)
56 Treasury currency .2 -2.2 -1.8
57 Foreign deposits 27.3 92.5 209.4
58 Net interbank liabilities -7.0 -23.7 24.4
59 Security repurchase agreements 133.2 -225.9 561.2
60 Taxes payable 3.0 -6.4 7.7
61 Miscellaneous -489.7 -157.6 -340.6
Floats not included in assets (-)
62 Federal government checkable deposits 8.6 -9.2 28.7
63 Other checkable deposits -.3 .0 .6
64 Trade credit 73.1 161.7 -2.9
65 Total identified to sectors as assets 4,434.9 5,424.6 4,058.0
2000
Transaction category or sector
Q2 Q3 Q4
NET LENDING IN CREDIT MARKETS(2)
1 Total net lending in credit markets 1,781.4 1,602.2 1,962.6
2 Domestic nonfederal nonfinancial
sectors 151.0 -178.1 -212.4
3 Household 84.3 -186.6 -219.4
4 Nonfinancial corporate business 22.6 3.7 -29.4
5 Nonfarm noncorporate business 2.8 3.8 4.3
6 State and local governments 41.4 1.0 32.1
7 Federal government 7.7 4.5 15.0
8 Rest of the world 207.1 195.0 390.9
9 Financial sectors 1,415.6 1,580.8 1,769.1
10 Monetary authority -3.9 27.3 7.9
11 Commercial banking 484.6 369.3 206.1
12 US-chartered banks 505.6 332.8 113.9
13 Foreign banking offices in
United States -29.9 30.9 90.4
14 Bank holding companies 3.5 -6.7 -3.3
15 Banks in US-affiliated areas 5.4 12.3 5.1
16 Savings institutions 73.0 56.5 43.0
17 Credit unions 36.6 28.5 25.4
18 Bank personal trusts and estates 13.8 17.6 18.1
19 Life insurance companies 52.0 85.9 79.7
20 Other insurance companies -18.1 6.0 6.3
21 Private pension funds 24.7 68.9 21.4
22 State and local government
retirement funds 20.7 -32.1 8.5
23 Money market mutual funds -156.2 244.9 299.4
24 Mutual funds 63.7 46.3 72.2
25 Closed-end funds 3.1 3.1 3.1
26 Government-sponsored enterprises 222.5 158.9 264.5
27 Federally related mortgage pools 122.1 225.4 307.4
28 Asset-backed securities issuers
(ABSs) 120.3 120.4 269.9
29 Finance companies 138.9 81.4 43.4
30 Mortgage companies 5.5 -.5 2.0
31 Real estate investment trusts
(REITs) -2.5 -3.6 -5.4
32 Brokers and dealers 38.1 176.8 -52.9
33 Funding corporations 176.8 -100.2 149.2
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 1,781.4 1,602.2 1,962.6
Other financial sources
35 Official foreign exchange -8.8 .7 8.7
36 Special drawing rights certificates -8.0 -4.0 -4.0
37 Treasury currency 3.2 4.2 .0
38 Foreign deposits 8.5 -89.2 -80.0
39 Net interbank transactions 177.7 -61.3 -84.6
40 Checkable deposits and currency -65.0 49.2 -49.4
41 Small time and savings deposits 130.3 238.5 298.8
42 Large time deposits 108.4 141.5 64.9
43 Money market fund shares 48.2 241.9 402.8
44 Security repurchase agreements 130.4 238.2 -200.6
45 Corporate equities -68.7 -51.7 -282.0
46 Mutual fund shares 237.6 259.8 176.3
47 Trade payables 124.8 132.6 100.5
48 Security credit -99.8 104.1 14.4
49 Life insurance reserves 59.7 51.7 55.6
50 Pension fund reserves 220.4 196.2 129.3
51 Taxes payable 31.6 -6.0 19.3
52 Investment in bank personal trusts -10.6 -6.6 -5.5
53 Noncorporate proprietors' equity -2.4 39.9 -18.2
54 Miscellaneous 1,105.4 1.189.7 1,063.7
55 Total financial sources 3,904.2 4,271.5 3,572.7
Liabilities not identified as
assets (-)
56 Treasury currency -.7 .9 -1.6
57 Foreign deposits -65.7 -111.7 -132.1
58 Net interbank liabilities -4.3 -18.3 68.5
59 Security repurchase agreements 27.6 119.3 -249.6
60 Taxes payable 7.4 -15.4 -9.9
61 Miscellaneous -267.1 -38.6 21.7
Floats not included in assets (-)
62 Federal government checkable deposits -2.6 -2.0 13.7
63 Other checkable deposits 1.5 1.9 2.7
64 Trade credit -38.3 -41.4 32.2
65 Total identified to sectors as assets 4,246.5 4,376.7 3,827.0
(1.) Data in this table also appear in the Board's Z.1 (780) quarterly
statistical release, tables F.1 and F.5. For ordering address, see
inside front cover.
(2.) Excludes corporate equities and mutual fund shares.
1.59 SUMMARY OF CREDIT MARKET DEBT OUTSTANDING(1)
Billions of dollars, end of period
Transaction category or sector 1996 1997 1998
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors 14,443.7 15,246.8 16,291.4
By sector and instrument
2 Federal government 3,781.8 3,804.9 3,752.2
3 Treasury securities 3,755.1 3,778.3 3,723.7
4 Budget agency securities and
mortgages 26.6 26.5 28.5
5 Nonfederal 10,662.0 11,441.9 12,539.1
By instrument
6 Commercial paper 156.4 168.6 193.0
7 Municipal securities and loans 1,296.0 1,367.5 1,464.3
8 Corporate bonds 1,460.4 1,610.9 1,829.6
9 Bank loans n.e.c. 934.1 1,040.5 1,148.8
10 Other loans and advances 770.4 839.5 913.8
11 Mortgages 4,833.1 5,150.8 5,658.0
12 Home 3,719.0 3,971.3 4,358.1
13 Multifamily residential 278.4 286.6 307.4
14 Commercial 748.6 802.6 896.0
15 Farm 87.1 90.3 96.5
16 Consumer credit 1,211.6 1,264.1 1,331.7
By borrowing sector
17 Household 5,222.5 5,559.9 6,039.0
18 Nonfinancial business 4,376.1 4,762.5 5,300.3
19 Corporate 3,095.3 3,359.9 3,778.0
20 Nonfarm noncorporate 1, 130.9 1,246.5 1,358.4
21 Farm 149.9 156.1 163.8
22 State and local government 1,063.4 1,119.5 1,199.8
23 Foreign credit market debt held in
United States 542.2 608.0 651.4
24 Commercial paper 67.5 65.1 72.9
25 Bonds 366.3 427.7 462.5
26 Bank loans n.e.c. 43.7 52.1 58.9
27 Other loans and advances 64.7 63.0 57.2
28 Total credit market debt owed by
nonfinancial sectors, domestic
and foreign 14,985.9 15,854.7 16,942.8
Financial sectors
29 Total credit market debt owned by
financial sectors 4,824.5 5,445.2 6,519.1
By instrument
30 Federal government-related 2,608.2 2,821.1 3,292.0
31 Government-sponsored enterprise
securities 896.9 995.3 1,273.6
32 Mortgage pool securities 1,711.3 1,825.8 2,018.4
33 Loans from U.S. government .0 .0 .0
34 Private 2,216.3 2,624.1 3,227.1
35 Open market paper 579.1 745.7 906.7
36 Corporate bonds 1,378.4 1,555.9 1,852.8
37 Bank loans n.e.c. 64.0 77.2 107.2
38 Other loans and advances 162.9 198.5 288.7
39 Mortgages 31.9 46.8 71.6
By borrowing sector
40 Commercial banks 113.6 140.6 188.6
41 Bank holding companies 150.0 168.6 193.5
42 Savings institutions 140.5 160.3 212.4
43 Credit unions 4.0 0.6 1.1
44 Life insurance companies 1.6 1.8 2.5
45 Government-sponsored enterprises 896.9 995.3 1,273.6
46 Federally related mortgage pools 1,711.3 1,825.8 2,018.4
47 Issuers of asset-backed securities
(ABSs) 863.3 1,076.6 1,398.0
48 Brokers and dealers 27.3 35.3 42.5
49 Finance companies 529.8 554.5 597.5
50 Mortgage companies 20.6 16.0 17.7
51 Real estate investment trusts
(REITs) 56.5 96.1 158.8
52 Funding corporations 312.7 373.7 414.4
All sectors
53 Total credit market debt, domestic
and foreign 19,810.4 21,300.0 23,461.9
54 Open market paper 803.0 979.4 1,172.6
55 U.S. government securities 6,389.9 6,626.0 7,044.3
56 Municipal securities 1,296.0 1,367.5 1,464.3
57 Corporate and foreign bonds 3,205.1 3,594.5 4,144.9
58 Bank loans n.e.c. 1,041.7 1,169.8 1,314.9
59 Other loans and advances 998.0 1,101.0 1,259.6
60 Mortgages 4,865.1 5,197.7 5,729.6
61 Consumer credit 1,211.6 1,264.1 1,331.7
1999
Transaction category or sector 1999
Q2 Q3
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors 17,447.5 16,786.7 17,109.0
By sector and instrument
2 Federal government 3,681.0 3,651.7 3,633.4
3 Treasury securities 3,652.8 3,623.4 3,605.1
4 Budget agency securities and
mortgages 28.3 28.3 28.3
5 Nonfederal 13,766.5 13,135.0 13,475.6
By instrument
6 Commercial paper 230.3 232.4 239.3
7 Municipal securities and loans 1,532.5 1,510.0 1,518.6
8 Corporate bonds 2,059.5 1,970.0 2,020.7
9 Bank loans n.e.c. 1,231.5 1,178.5 1,202.9
10 Other loans and advances 985.3 956.0 969.8
11 Mortgages 6,301.3 5,947.8 6,154.2
12 Home 4,790.1 4,563.8 4,693.3
13 Multifamily residential 347.8 324.8 335.1
14 Commercial 1,061.4 959.6 1,024.4
15 Farm 102.0 99.6 101.4
16 Consumer credit 1,426.2 1,340.4 1,370.1
By borrowing sector
17 Household 6,577.5 6,260.7 6,424.7
18 Nonfinancial business 5,936.8 5,636.0 5,808.5
19 Corporate 4,294.0 4,062.0 4,199.7
20 Nonfarm noncorporate 1,473.8 1,408.0 1,440.2
21 Farm 169.0 166.1 168.6
22 State and local government 1,252.1 1,238.2 1,242.4
23 Foreign credit market debt held in
United States 676.9 652.7 672.9
24 Commercial paper 89.2 70.1 81.8
25 Bonds 476.7 466.4 477.4
26 Bank loans n.e.c. 59.4 60.5 58.8
27 Other loans and advances 51.7 55.8 55.0
28 Total credit market debt owed by
nonfinancial sectors, domestic
and foreign 18,124.4 17,439.4 17,781.9
Financial sectors
29 Total credit market debt owned by
financial sectors 7,607.0 7,073.3 7,346.8
By instrument
30 Federal government-related 3,884.0 3,580.7 3,745.9
31 Government-sponsored enterprise
securities 1,591.7 1,398.0 1,499.8
32 Mortgage pool securities 2,292.2 2,182.7 2,246.1
33 Loans from U.S. government .0 .0 .0
34 Private 3,723.0 3,492.6 3,601.0
35 Open market paper 1,082.9 940.9 963.4
36 Corporate bonds 2,074.6 2,042.8 2,091.1
37 Bank loans n.e.c. 92.9 106.8 105.2
38 Other loans and advances 395.8 328.6 365.4
39 Mortgages 76.7 73.6 75.9
By borrowing sector
40 Commercial banks 230.0 202.7 224.2
41 Bank holding companies 219.3 205.5 211.8
42 Savings institutions 260.4 241.6 255.4
43 Credit unions 3.4 1.8 2.5
44 Life insurance companies 3.2 4.0 4.3
45 Government-sponsored enterprises 1,591.7 1,398.0 1,499.8
46 Federally related mortgage pools 2,292.2 2,182.7 2,246.1
47 Issuers of asset-backed securities
(ABSs) 1,632.0 1,539.9 1,599.1
48 Brokers and dealers 25.3 30.2 34.6
49 Finance companies 659.9 639.2 628.5
50 Mortgage companies 17.8 17.8 16.3
51 Real estate investment trusts
(REITs) 165.1 160.3 162.2
52 Funding corporations 506.6 449.7 462.0
All sectors
53 Total credit market debt, domestic
and foreign 25,731.4 24,512.7 25,128.7
54 Open market paper 1,402.4 1,243.3 1,284.5
55 U.S. government securities 7,565.0 7,232.4 7,379.2
56 Municipal securities 1,532.5 1,510.0 1,518.6
57 Corporate and foreign bonds 4,610.8 4,479.2 4,589.1
58 Bank loans n.e.c. 1,383.8 1,345.7 1,366.9
59 Other loans and advances 1,432.7 1,340.3 1,390.1
60 Mortgages 6,378.0 6,021.4 6,230.1
61 Consumer credit 1,426.2 1,340.4 1,370.1
1999 2000
Transaction category or sector
Q4 Q1 Q2
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors 17,447.5 17,677.2 17,857.4
By sector and instrument
2 Federal government 3,681.0 3,653.5 3,464.0
3 Treasury securities 3,652.8 3,625.8 3,435.7
4 Budget agency securities and
mortgages 28.3 27.8 28.2
5 Nonfederal 13,766.5 14,023.7 14,393.5
By instrument
6 Commercial paper 230.3 260.8 296.8
7 Municipal securities and loans 1,532.5 1,539.2 1,551.6
8 Corporate bonds 2,059.5 2,106.0 2,144.5
9 Bank loans n.e.c. 1,231.5 1,259.1 1,307.2
10 Other loans and advances 985.3 1,030.2 1,059.0
11 Mortgages 6,301.3 6,412.4 6,580.4
12 Home 4,790.1 4,865.9 4,990.6
13 Multifamily residential 347.8 355.2 366.4
14 Commercial 1,061.4 1,087.5 1,117.4
15 Farm 102.0 103.7 106.0
16 Consumer credit 1,426.2 1,416.0 1,454.0
By borrowing sector
17 Household 6,577.5 6,647.5 6,816.7
18 Nonfinancial business 5,936.8 6,118.9 6,311.0
19 Corporate 4,294.0 4,445.5 4,601.2
20 Nonfarm noncorporate 1,473.8 1,503.2 1,534.5
21 Farm 169.0 170.2 175.4
22 State and local government 1,252.1 1,257.3 1,265.7
23 Foreign credit market debt held in
United States 676.9 704.6 699.3
24 Commercial paper 89.2 101.6 101.2
25 Bonds 476.7 488.1 481.3
26 Bank loans n.e.c. 59.4 63.3 64.7
27 Other loans and advances 51.7 51.7 52.1
28 Total credit market debt owed by
nonfinancial sectors, domestic
and foreign 18,124.4 18,381.8 18,556.7
Financial sectors
29 Total credit market debt owned by
financial sectors 7,607.0 7,744.3 7,964.4
By instrument
30 Federal government-related 3,884.0 3,940.1 4,035.5
31 Government-sponsored enterprise
securities 1,591.7 1,618.0 1,680.2
32 Mortgage pool securities 2,292.2 2,322.1 2,355.3
33 Loans from U.S. government .0 .0 .0
34 Private 3,723.0 3,804.2 3,928.9
35 Open market paper 1,082.9 1,115.7 1,135.2
36 Corporate bonds 2,074.6 2,114.2 2,183.2
37 Bank loans n.e.c. 92.9 91.4 92.7
38 Other loans and advances 395.8 404.4 436.9
39 Mortgages 76.7 78.5 81.0
By borrowing sector
40 Commercial banks 230.0 242.2 265.4
41 Bank holding companies 219.3 221.4 229.3
42 Savings institutions 260.4 266.9 280.7
43 Credit unions 3.4 2.6 2.9
44 Life insurance companies 3.2 3.0 2.7
45 Government-sponsored enterprises 1,591.7 1,618.0 1,680.2
46 Federally related mortgage pools 2,292.2 2,322.1 2,355.3
47 Issuers of asset-backed securities
(ABSs) 1,632.0 1,665.8 1,706.4
48 Brokers and dealers 25.3 36.4 36.2
49 Finance companies 659.9 670.7 699.2
50 Mortgage companies 17.8 17.1 17.8
51 Real estate investment trusts
(REITs) 165.1 167.9 170.4
52 Funding corporations 506.6 510.1 517.9
All sectors
53 Total credit market debt, domestic
and foreign 25,731.4 26,126.1 26,521.1
54 Open market paper 1,402.4 1,478.1 1,533.3
55 U.S. government securities 7,565.0 7,593.6 7,499.4
56 Municipal securities 1,532.5 1,539.2 1,551.6
57 Corporate and foreign bonds 4,610.8 4,708.3 4,808.9
58 Bank loans n.e.c. 1,383.8 1,413.7 1,464.6
59 Other loans and advances 1,432.7 1,486.3 1,548.0
60 Mortgages 6,378.0 6,490.8 6,661.3
61 Consumer credit 1,426.2 1,416.0 1,454.0
2000
Transaction category or sector
Q3 Q4
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors 18,064.0 18,344.3
By sector and instrument
2 Federal government 3,410.2 3,385.2
3 Treasury securities 3,382.6 3,357.8
4 Budget agency securities and
mortgages 27.6 27.3
5 Nonfederal 14,653.9 14,959.2
By instrument
6 Commercial paper 307.0 278.4
7 Municipal securities and loans 1,550.3 1,567.8
8 Corporate bonds 2,190.6 2,234.5
9 Bank loans n.e.c. 1,311.6 1,334.2
10 Other loans and advances 1,063.6 1,100.4
11 Mortgages 6,735.2 6,875.0
12 Home 5,108.6 5,209.4
13 Multifamily residential 374.2 383.3
14 Commercial 1,145.1 1,174.3
15 Farm 107.3 108.0
16 Consumer credit 1,495.6 1,568.8
By borrowing sector
17 Household 6,985.8 7,169.1
18 Nonfinancial business 6,405.0 6,510.8
19 Corporate 4,667.0 4,740.8
20 Nonfarm noncorporate 1,561.1 1,590.9
21 Farm 176.9 179.1
22 State and local government 1,263.1 1,279.3
23 Foreign credit market debt held in
United States 727.8 738.8
24 Commercial paper 109.8 120.9
25 Bonds 499.2 495.4
26 Bank loans n.e.c. 67.7 70.7
27 Other loans and advances 51.2 51.8
28 Total credit market debt owed by
nonfinancial sectors, domestic
and foreign 18,791.9 19,083.1
Financial sectors
29 Total credit market debt owned by
financial sectors 8,160.1 8,430.8
By instrument
30 Federal government-related 4,164.2 4,316.7
31 Government-sponsored enterprise
securities 1,749.7 1,824.8
32 Mortgage pool securities 2,414.5 2,491.9
33 Loans from U.S. government .0 .0
34 Private 3,995.9 4,114.1
35 Open market paper 1,151.6 1,210.7
36 Corporate bonds 2,239.3 2,290.1
37 Bank loans n.e.c. 92.5 91.0
38 Other loans and advances 430.2 438.3
39 Mortgages 82.5 84.1
By borrowing sector
40 Commercial banks 265.2 266.8
41 Bank holding companies 236.9 242.5
42 Savings institutions 276.0 287.7
43 Credit unions 3.1 3.4
44 Life insurance companies 2.7 2.5
45 Government-sponsored enterprises 1,749.7 1,824.8
46 Federally related mortgage pools 2,414.5 2,491.9
47 Issuers of asset-backed securities
(ABSs) 1,753.6 1,837.8
48 Brokers and dealers 42.6 40.9
49 Finance companies 716.5 734.8
50 Mortgage companies 17.7 17.9
51 Real estate investment trusts
(REITs) 169.8 172.4
52 Funding corporations 511.9 507.4
All sectors
53 Total credit market debt, domestic
and foreign 26,952.0 27,513.9
54 Open market paper 1,568.3 1,610.0
55 U.S. government securities 7,574.4 7,701.8
56 Municipal securities 1,550.3 1,567.8
57 Corporate and foreign bonds 4,929.0 5,019.9
58 Bank loans n.e.c. 1,471.7 1,495.9
59 Other loans and advances 1,545.0 1,590.5
60 Mortgages 6,817.7 6,959.1
61 Consumer credit 1,495.6 1,568.8
(1.) Data in this table also appear in the Board's Z.1 (780)
quarterly statistical release, tables L.2 through L.4. For ordering
address, see inside front cover.
1.60 SUMMARY OF FINANCIAL ASSETS AND LIABILITIES(1)
Billions of dollars except as noted, end of period
Transaction category
or sector 1996 1997 1998 1999
CREDIT MARKET DEBT
OUTSTANDING(2)
1 Total credit market
assets 19,810.4 21,300.0 23,461.9 25,731.4
2 Domestic nonfederal
nonfinancial
sectors 3,032.1 2,974.7 3,078.7 3,413.3
3 Household 2,119.1 2,076.4 2,031.9 2,302.5
4 Nonfinancial
corporate business 270.2 257.5 271.5 290.6
5 Nonfarm noncorporate
business 38.0 35.9 35.9 37.5
6 State and local
governments 604.8 605.0 739.4 782.8
7 Federal government 200.2 205.4 219.1 258.0
8 Rest of the world 1,926.6 2,257.3 2,539.8 2,678.0
9 Financial sectors 14,651.5 15,862.5 17,624.3 19,382.0
10 Monetary authority 393.1 431.4 452.5 478.1
11 Commercial banking 3,707.7 4,031.9 4,335.7 4,643.9
12 U.S.-chartered
banks 3,175.8 3,450.7 3,761.2 4,078.9
13 Foreign banking
offices in
United States 475.8 516.1 504.2 484.1
14 Bank holding
companies 22.0 27.4 26.5 32.7
15 Banks in U.S.-
affiliated
areas 34.1 37.8 43.8 48.3
16 Savings institutions 933.2 928.5 964.8 1,033.4
17 Credit unions 288.5 305.3 324.2 351.7
18 Bank personal trusts
and estates 232.0 207.0 194.1 222.0
19 Life insurance
companies 1,657.0 1,751.1 1,828.0 1,886.0
20 Other insurance
companies 491.2 515.3 535.7 531.6
21 Private pension
funds 627.0 674.6 731.0 775.9
22 State and local
government
retirement funds 568.2 632.0 703.6 753.4
23 Money market mutual
funds 634.3 721.9 965.9 1,147.8
24 Mutual funds 820.2 901.1 1,025.9 1,073.1
25 Closed-end funds 101.1 98.3 102.8 105.9
26 Government-sponsored
enterprises 807.9 902.2 1,163.9 1,399.5
27 Federally related
mortgage pools 1,711.3 1,825.8 2,018.4 2,292.2
28 Asset-backed
securities
issuers (ABSs) 773.9 937.7 1,219.4 1,435.3
29 Finance companies 544.5 566.4 618.4 713.3
30 Mortgage companies 41.2 32.1 35.3 35.6
31 Real estate
investment
trusts (REITs) 30.4 50.6 45.5 42.9
32 Brokers and dealers 167.7 182.6 189.4 154.7
33 Funding corporations 121.0 166.7 169.8 305.8
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 19,810.4 21,300.0 23,461.9 25,731.4
Other liabilities
35 Official foreign
exchange 53.7 48.9 60.1 50.1
36 Special drawing rights
certificates 9.7 9.2 9.2 6.2
37 Treasury currency 18.9 19.3 19.9 20.9
38 Foreign deposits 521.7 619.7 639.0 725.8
39 Net interbank
liabilities 240.8 219.4 189.0 204.5
40 Checkable deposits
and currency 1,244.8 1,286.1 1,333.4 1,484.8
41 Small time and
savings deposits 2,377.0 2,474.1 2,626.5 2,671.2
42 Large time deposits 590.9 713.4 805.5 936.1
43 Money market fund
shares 886.7 1,042.5 1,329.7 1,578.8
44 Security repurchase
agreements 701.5 822.4 913.7 1,083.4
45 Mutual fund shares 2,342.4 2,989.4 3,610.5 4,553.4
46 Security credit 358.1 469.1 572.3 676.6
47 Life insurance reserves 610.6 665.0 718.3 783.9
48 Pension fund reserves 6,582.4 7,725.5 8,760.0 9,747.7
49 Trade payables 1,809.3 1,941.4 1,970.3 2,167.6
50 Taxes payable 123.8 139.5 151.5 167.2
51 Investment in bank
personal trusts 871.3 942.5 1,001.0 1,130.4
52 Miscellaneous 6,349.1 6,670.6 7,237.9 7,787.5
53 Total liabilities 45,502.9 50,097.8 55,409.7 61,507.5
Financial assets not
included in
liabilities ( )
54 Gold and special
drawing rights 21.4 21.1 21.6 21.4
55 Corporate equities 10,255.8 13,201.3 15,427.8 19,576.3
56 Household equity in
noncorporate
business 3,889.2 4,164.4 4,414.7 4,704.5
Liabilities not
identified as
assets (-)
57 Treasury currency -6.1 -6.3 -6.4 -7.1
58 Foreign deposits 437.0 538.3 548.2 615.0
59 Net interbank
transactions -10.6 -32.2 -27.0 -25.5
60 Security repurchase
agreements 109.8 172.9 234.3 264.4
61 Taxes payable 76.9 92.6 102.0 95.3
62 Miscellaneous -1,517.9 -1,889.8 -2,434.3 -2,884.0
Floats not included
in assets (-)
63 Federal government
checkable deposits -1.6 -8.1 -3.9 -9.9
64 Other checkable
deposits 30.1 26.2 23.1 22.3
65 Trade credit 171.8 133.5 94.5 145.9
66 Total identified to
sectors as assets 60,380.0 68,457.3 76,743.2 87,593.4
1999
Transaction category
or sector
Q2 Q3 Q4
CREDIT MARKET DEBT
OUTSTANDING(2)
1 Total credit market
assets 24,512.7 25,128.7 25,731.4
2 Domestic nonfederal
nonfinancial
sectors 3,233.9 3,291.4 3,413.3
3 Household 2,133.6 2,191.8 2,302.5
4 Nonfinancial
corporate business 268.5 280.5 290.6
5 Nonfarm noncorporate
business 36.9 37.1 37.5
6 State and local
governments 794.8 781.9 782.8
7 Federal government 225.0 260.7 258.0
8 Rest of the world 2,621.3 2,718.1 2,678.0
9 Financial sectors 18,432.5 18,858.5 19,382.0
10 Monetary authority 485.1 489.3 478.1
11 Commercial banking 4,383.4 4,488.3 4,643.9
12 U.S.-chartered
banks 3,847.6 3,944.3 4,078.9
13 Foreign banking
offices in
United States 465.7 475.3 484.1
14 Bank holding
companies 25.1 22.0 32.7
15 Banks in U.S.-
affiliated
areas 45.0 46.7 48.3
16 Savings institutions 1,011.4 1,030.8 1,033.4
17 Credit unions 341.0 348.5 351.7
18 Bank personal trusts
and estates 208.0 215.0 222.0
19 Life insurance
companies 1,869.6 1,880.4 1,886.0
20 Other insurance
companies 537.5 533.9 531.6
21 Private pension
funds 762.0 763.5 775.9
22 State and local
government
retirement funds 728.9 738.9 753.4
23 Money market mutual
funds 1,001.8 1,049.7 1,147.8
24 Mutual funds 1,083.7 1,083.0 1,073.1
25 Closed-end funds 104.3 105.1 105.9
26 Government-sponsored
enterprises 1,268.5 1,339.1 1,399.5
27 Federally related
mortgage pools 2,182.7 2,246.1 2,292.2
28 Asset-backed
securities
issuers (ABSs) 1,352.7 1,409.8 1,435.3
29 Finance companies 660.9 678.2 713.3
30 Mortgage companies 35.6 32.5 35.6
31 Real estate
investment
trusts (REITs) 45.3 44.7 42.9
32 Brokers and dealers 158.8 166.8 154.7
33 Funding corporations 211.1 214.9 305.8
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 24,512.7 25,128.7 25,731.4
Other liabilities
35 Official foreign
exchange 50.9 52.1 50.1
36 Special drawing rights
certificates 8.2 7.2 6.2
37 Treasury currency 20.4 20.9 20.9
38 Foreign deposits 694.9 712.3 725.8
39 Net interbank
liabilities 207.1 199.6 204.5
40 Checkable deposits
and currency 1,353.1 1,353.8 1,484.8
41 Small time and
savings deposits 2,644.6 2,665.9 2,671.2
42 Large time deposits 809.0 837.5 936.1
43 Money market fund
shares 1,393.5 1,444.9 1,578.8
44 Security repurchase
agreements 957.1 999.4 1,083.4
45 Mutual fund shares 4,049.1 3,931.5 4,553.4
46 Security credit 586.5 593.1 676.6
47 Life insurance reserves 749.8 756.2 783.9
48 Pension fund reserves 9,294.3 8,959.6 9,747.7
49 Trade payables 2,030.8 2,097.9 2,167.6
50 Taxes payable 162.4 167.5 167.2
51 Investment in bank
personal trusts 1,061.0 1,019.0 1,130.4
52 Miscellaneous 7,431.5 7,448.5 7,787.5
53 Total liabilities 58,017.0 58,395.6 61,507.5
Financial assets not
included in
liabilities ( )
54 Gold and special
drawing rights 20.8 21.3 21.4
55 Corporate equities 17,060.4 16,214.9 19,576.3
56 Household equity in
noncorporate
business 4,548.9 4,623.1 4,704.5
Liabilities not
identified as
assets (-)
57 Treasury currency -6.6 -6.6 -7.1
58 Foreign deposits 584.7 591.5 615.0
59 Net interbank
transactions -10.6 -13.2 -25.5
60 Security repurchase
agreements 291.6 325.0 264.4
61 Taxes payable 112.2 96.5 95.3
62 Miscellaneous -2,673.2 -2,988.0 -2,884.0
Floats not included
in assets (-)
63 Federal government
checkable deposits -12.4 -10.2 -9.9
64 Other checkable
deposits 22.1 14.5 22.3
65 Trade credit 19.2 36.2 145.9
66 Total identified to
sectors as assets 81,320.0 81,209.2 7,593.4
2000
Transaction category
or sector
Q1 Q2 Q3 Q4
CREDIT MARKET DEBT
OUTSTANDING(2)
1 Total credit market
assets 26,126.1 26,521.1 26,952.0 27,513.9
2 Domestic nonfederal
nonfinancial
sectors 3,343.6 3,355.1 3,317.0 3,326.4
3 Household 2,233.7 2,224.0 2,182.1 2,171.2
4 Nonfinancial
corporate business 288.9 296.5 301.5 312.4
5 Nonfarm noncorporate
business 38.1 38.8 39.8 40.8
6 State and local
governments 782.9 795.8 793.7 802.0
7 Federal government 259.6 261.6 262.7 266.4
8 Rest of the world 2,763.6 2,812.8 2,862.0 2,957.7
9 Financial sectors 19,759.3 20,091.6 20,510.3 20,963.3
10 Monetary authority 501.9 505.1 511.5 511.8
11 Commercial banking 4,725.0 4,847.4 4,931.0 5,003.1
12 U.S.-chartered
banks 4,171.3 4,295.4 4,368.2 4,419.3
13 Foreign banking
offices in
United States 482.0 478.1 487.5 508.1
14 Bank holding
companies 22.1 23.0 21.3 20.5
15 Banks in U.S.-
affiliated
areas 49.6 51.0 54.0 55.3
16 Savings institutions 1,044.5 1,061.7 1,080.9 1,089.1
17 Credit unions 359.0 370.8 378.6 383.2
18 Bank personal trusts
and estates 226.7 230.2 234.6 239.1
19 Life insurance
companies 1,901.5 1,913.4 1,936.5 1,954.7
20 Other insurance
companies 528.0 523.5 525.0 526.6
21 Private pension
funds 787.6 793.8 811.0 816.4
22 State and local
government
retirement funds 767.2 772.4 764.4 766.5
23 Money market mutual
funds 1,217.1 1,159.4 1,212.5 1,297.1
24 Mutual funds 1,053.7 1,073.9 1,088.1 1,099.2
25 Closed-end funds 106.7 107.4 108.2 109.0
26 Government-sponsored
enterprises 1,426.6 1,483.8 1,532.8 1,602.9
27 Federally related
mortgage pools 2,322.1 2,355.3 2,414.5 2,491.9
28 Asset-backed
securities
issuers (ABSs) 1,463.9 1,495.8 1,534.3 1,611.2
29 Finance companies 747.0 780.6 795.5 8,124.0
30 Mortgage companies 34.1 35.5 35.4 359.0
31 Real estate
investment
trusts (REITs) 38.8 38.2 37.3 36.0
32 Brokers and dealers 201.1 189.3 243.5 225.8
33 Funding corporations 306.7 354.2 334.6 351.6
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 26,126.1 26,521.1 26,952.0 27,513.9
Other liabilities
35 Official foreign
exchange 49.4 46.5 44.9 46.1
36 Special drawing rights
certificates 6.2 4.2 3.2 2.2
37 Treasury currency 21.4 22.1 23.2 23.2
38 Foreign deposits 790.4 792.6 770.3 750.3
39 Net interbank
liabilities 168.1 215.9 200.3 198.5
40 Checkable deposits
and currency 1,392.9 1,409.7 1,385.7 1,413.7
41 Small time and
savings deposits 2,728.0 2,738.8 2,790.9 2,864.2
42 Large time deposits 966.5 987.4 1,025.9 1,052.1
43 Money market fund
shares 1,666.0 1,627.1 1,697.8 1,812.3
44 Security repurchase
agreements 1,155.8 1,185.1 1,238.6 1,196.5
45 Mutual fund shares 4,863.3 4,759.6 4,815.0 4,432.8
46 Security credit 803.7 780.5 805.8 812.1
47 Life insurance reserves 799.9 809.4 822.3 823.5
48 Pension fund reserves 9,952.3 9,869.2 10,021.9 9,847.5
49 Trade payables 2,198.3 2,229.9 2,269.9 2,314.1
50 Taxes payable 180.5 180.0 184.1 184.1
51 Investment in bank
personal trusts 1,163.0 1,124.1 1,122.3 1,039.0
52 Miscellaneous 7,915.4 8,164.1 8,609.7 8,777.6
53 Total liabilities 62,947.3 63,467.3 64,783.9 65,103.6
Financial assets not
included in
liabilities ( )
54 Gold and special
drawing rights 21.4 21.5 21.4 21.6
55 Corporate equities 20,232.0 19,258.1 19,066.7 17,168.8
56 Household equity in
noncorporate
business 4,732.2 4,779.2 4,835.0 4,915.7
Liabilities not
identified as
assets (-)
57 Treasury currency -7.6 -7.9 -7.6 -8.0
58 Foreign deposits 667.4 650.9 623.0 590.0
59 Net interbank
transactions -13.9 -11.6 -17.6 -4.1
60 Security repurchase
agreements 411.3 416.5 445.3 379.0
61 Taxes payable 89.1 103.0 93.7 96.2
62 Miscellaneous -3,029.7 -3,035.6 -2,805.8 -3,126.0
Floats not included
in assets (-)
63 Federal government
checkable deposits -6.5 -5.2 -7.8 -2.3
64 Other checkable
deposits 18.7 22.5 15.5 24.0
65 Trade credit 94.7 62.3 51.5 133.3
66 Total identified to
sectors as assets 89,709.3 89,331.2 90,316.8 89,127.7
(1.) Data in this table also appear in the Board's Z.1 (780)
quarterly statistical release, tables L.1 and L.5. For ordering
address, see inside front cover.
(2.) Excludes corporate equities and mutual fund shares.
2.10 NONFINANCIAL BUSINESS ACTIVITY Selected Measures
Monthly data seasonally adjusted, and indexes 1992=100,
except as noted
Measure 1998 1999 2000
1 Industrial production(1) 134.0 139.6 147.5
Market groups
2 Products, total 127.2 131.2 136.2
3 Final, total 129.3 133.3 138.7(r)
4 Consumer goods 118.4 120.8 123.0
5 Equipment 147.1 153.8 166.1(r)
6 Intermediate 121.0 125.1 128.8
7 Materials 145.7 154.5 167.9
Industry groups
8 Manufacturing 138.2 144.8 153.6
9 Capacity utilization,
manufacturing (percent)(2) 81.3 80.5 81.3
10 Construction contracts(3) 122.5(r) 135.2(r) 141.7(r)
11 Nonagricultural employment,
total(4) 123.5 126.3 128.9
12 Goods-producing, total 103.0 103.3 104.0
13 Manufacturing, total 99.0 97.6 97.0
Manufacturing,
14 production workers 100.0 98.4 97.6
15 Service-producing 130.0 133.7 136.8
16 Personal income, total 186.5 196.6 209.0
17 Wages and salary
disbursements 184.6 196.9 210.1
18 Manufacturing 152.3 157.4 164.2
19 Disposable personal income(5) 182.7 191.9 202.0
20 Retail sales(5) 178.4 194.7 209.9(r)
Prices(6)
21 Consumer (1982-84 = 100) 163.0 166.6 172.2
22 Producer finished goods
(1982 = 100) 130.7 133.0 138.0
2000
Measure
June July Aug.
1 Industrial production(1) 147.9 147.6 148.6
Market groups
2 Products, total 136.0 135.8 136.6
3 Final, total 138.3 138.1 139.2
4 Consumer goods 124.2 122.9 123.8
5 Equipment 164.3 166.3 167.9
6 Intermediate 129.0 128.7 128.8
7 Materials 169.4 169.0 170.5
Industry groups
8 Manufacturing 153.8 153.7 154.6
9 Capacity utilization,
manufacturing (percent)(2) 82.0 81.6 81.7
10 Construction contracts(3) 146.0(r) 139.0(r) 138.0(r)
11 Nonagricultural employment,
total(4) 129.1 129.1 129.0
12 Goods-producing, total 104.2 104.4 103.9
13 Manufacturing, total 97.3 97.6 97.0
Manufacturing,
14 production workers 97.9 98.4 97.5
15 Service-producing 137.1 137.0 137.0
16 Personal income, total 208.9 209.5 210.1
17 Wages and salary
disbursements 209.8 211.0 211.3
18 Manufacturing 164.3 165.8 164.9
19 Disposable personal income(5) 202.1 202.5 202.9
20 Retail sales(5) 209.3 211.1 211.0
Prices(6)
21 Consumer (1982-84 = 100) 172.4 172.8 172.8
22 Producer finished goods
(1982 = 100) 138.6 138.6 138.2
2000
Measure
Sept. Oct. Nov.(r)
1 Industrial production(1) 149.0 148.7 148.2
Market groups
2 Products, total 136.7 136.3 136.3
3 Final, total 139.3 138.8 138.8
4 Consumer goods 123.8 122.7 122.4
5 Equipment 168.3 169.1 169.9
6 Intermediate 128.6 128.7 128.5
7 Materials 171.3 171.1 169.9
Industry groups
8 Manufacturing 155.1 154.9 154.1
9 Capacity utilization,
manufacturing (percent)(2) 81.7 81.2 80.5
10 Construction contracts(3) 142.0(r) 149.0(r) 142.0
11 Nonagricultural employment,
total(4) 129.2 129.3 129.3
12 Goods-producing, total 103.9 104.0 103.9
13 Manufacturing, total 96.7 96.7 96.6
Manufacturing,
14 production workers 97.2 97.1 97.0
15 Service-producing 137.3 137.3 137.4
16 Personal income, total 212.5 212.1 212.5
17 Wages and salary
disbursements 212.7 214.0 214.6
18 Manufacturing 165.1 166.6 166.9
19 Disposable personal income(5) 205.2 204.4 204.6
20 Retail sales(5) 212.7 212.5 211.3
Prices(6)
21 Consumer (1982-84 = 100) 173.7 174.0 174.1
22 Producer finished goods
(1982 = 100) 139.4 140.1(r) 139.9
2000 2001
Measure
Dec.(r) Jan. Feb.(p)
1 Industrial production(1) 147.7 146.8 146.0
Market groups
2 Products, total 136.3 135.6 134.9
3 Final, total 138.8 138.1 137.5
4 Consumer goods 122.8 121.7 121.2
5 Equipment 169.0 168.9 168.5
6 Intermediate 128.5 128.2 127.0
7 Materials 168.4 167.1 166.0
Industry groups
8 Manufacturing 152.9 152.0 151.3
9 Capacity utilization,
manufacturing (percent)(2) 79.5 78.7 78.1
10 Construction contracts(3) 142.0 150.0 147.0
11 Nonagricultural employment,
total(4) 129.4 129.6 129.7
12 Goods-producing, total 103.6 103.9 103.6
13 Manufacturing, total 96.4 95.9 95.4
Manufacturing,
14 production workers 96.6 96.1 95.4
15 Service-producing 137.6 137.8 138.0
16 Personal income, total 213.4 214.6 n.a.
17 Wages and salary
disbursements 215.0 216.6 n.a.
18 Manufacturing 165.4 165.9 n.a.
19 Disposable personal income(5) 205.4 206.4 n.a.
20 Retail sales(5) 211.6 214.4 214.1
Prices(6)
21 Consumer (1982-84 = 100) 174.0 175.1 175.8
22 Producer finished goods
(1982 = 100) 139.7 141.2 141.5
(1.) Data in this table appear in the Board's G. 17 (419) monthly
statistical release. The data are also available on the Board's web
site, http://www.federalreserve.gov/releases/g17. The latest historical
revision of the industrial production index and the capacity
utilization rates was released in December 2000. The recent annual
revision is described in an article in the March 2001 issue of the
Bulletin. For a description of the methods of estimating industrial
production and capacity utilization, see "Industrial Production and
Capacity Utilization: Historical Revision and Recent Developments,"
Federal Reserve Bulletin, vol. 83 (February 1997), pp. 67-92, and the
references cited therein. For details about the construction of
individual industrial production series, see "Industrial Production:
1989 Developments and Historical Revision," Federal Reserve Bulletin,
vol. 76 (April 1990), pp. 187-204.
(2.) Ratio of index of production to index of capacity.
Based on data from the Federal Reserve, U.S.
Department of Commerce, and other sources.
(3.) Index of dollar value of total construction
contracts, including residential, nonresidential,
and heavy engineering, from McGraw-Hill Information Systems Company,
F.W. Dodge Division.
(4.) Based on data from the U.S. Department of Labor, Employment and
Earnings. Series covers employees only, excluding personnel in the
armed forces.
(5.) Based on data from U.S. Department of Commerce, Survey
of Current Business.
(6.) Based on data not seasonally adjusted. Seasonally
adjusted data for changes in the price indexes can be
obtained from the U.S. Department of Labor, Bureau of Labor Statistics,
Monthly Labor Review.
NOTE. Basic data (not indexes) for series mentioned in
notes 4 and 5, and indexes for series mentioned in notes 3
and 6, can also be found in the Survey of Current Business.
2.11 LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT
Thousands of persons; monthly data seasonally adjusted
Category 1998 1999 2000
HOUSEHOLD SURVEY DATA(1)
1 Civilian labor force(2) 137,673 139,368 140,863
Employment
2 Nonagricultural industries(3) 128,085 130,207 131,903
3 Agriculture 3,378 3,281 3,305
Unemployment
4 Number 6,210 5,880 5,655
5 Rate (percent of civilian
labor force) 4.5 4.2 4.0
ESTABLISHMENT SURVEY DATA
6 Nonagricultural payroll
employment(4) 125,865 128,786 131,417
7 Manufacturing 18,805 18,543 18,437
8 Mining 590 535 538
9 Contract construction 6,020 6,404 6,687
10 Transportation and
public utilities 6,611 6,826 6,993
11 Trade 29,095 29,712 30,191
12 Finance 7,389 7,569 7,618
13 Service 37,533 39,027 40,384
14 Government 19,823 20,170 20,570
2000
Category
July Aug. Sept.
HOUSEHOLD SURVEY DATA(1)
1 Civilian labor force(2) 140,546 140,724 140,847
Employment
2 Nonagricultural industries(3) 131,603 131,622 131,954
3 Agriculture 3,295 3,317 3,356
Unemployment
4 Number 5,648 5,785 5,537
5 Rate (percent of civilian
labor force) 4.0 4.1 3.9
ESTABLISHMENT SURVEY DATA
6 Nonagricultural payroll
employment(4) 131,607 131,528 131,723
7 Manufacturing 18,548 18,432 18,380
8 Mining 538 537 539
9 Contract construction 6,670 6,675 6,720
10 Transportation and
public utilities 7,010 6,941 7,037
11 Trade 30,246 30,253 30,249
12 Finance 7,586 7,608 7,622
13 Service 40,403 40,572 40,685
14 Government 20,606 20,510 20,491
2000
Category
Oct. Nov. Dec.(r)
HOUSEHOLD SURVEY DATA(1)
1 Civilian labor force(2) 141,000 141,136 141,489
Employment
2 Nonagricultural industries(3) 132,223 132,302 132,562
3 Agriculture 3,241 3,176 3,274
Unemployment
4 Number 5,536 5,658 5,653
5 Rate (percent of civilian
labor force) 3.9 4.0 4.0
ESTABLISHMENT SURVEY DATA
6 Nonagricultural payroll
employment(4) 131,789 131,842 131,878
7 Manufacturing 18,378 18,360 18,312
8 Mining 542 541 540
9 Contract construction 6,745 6,734 6,717
10 Transportation and
public utilities 7,046 7,060 7,086
11 Trade 30,280 30,331 30,330
12 Finance 7,638 7,647 7,661
13 Service 40,696 40,764 40,797
14 Government 20,464 20,405 20,435
2001
Category
Jan.(r) Feb.
HOUSEHOLD SURVEY DATA(1)
1 Civilian labor force(2) 141,955 141,751
Employment
2 Nonagricultural industries(3) 132,819 132,680
3 Agriculture 3,179 3,135
Unemployment
4 Number 5,956 5,936
5 Rate (percent of civilian
labor force) 4.2 4.2
ESTABLISHMENT SURVEY DATA
6 Nonagricultural payroll
employment(4) 132,102 132,237
7 Manufacturing 18,216 18,122
8 Mining 548 551
9 Contract construction 6,875 6,891
10 Transportation and
public utilities 7,077 7,105
11 Trade 30,324 30,358
12 Finance 7,676 7,692
13 Service 40,884 40,979
14 Government 20,502 20,539
(1.) Beginning January 1994, reflects redesign of current population
survey and population controls from the 1990 census.
(2.) Persons sixteen years of age and older, including Resident
Armed Forces. Monthly figures are based on sample data collected
during the calendar week that contains the twelfth day; annual
data are averages of monthly figures. By definition, seasonality
does not exist in population figures.
(3.) Includes self-employed, unpaid family, and domestic service
workers.
(4.) Includes all full- and part-time employees who worked during,
or received pay for, the pay period that includes the twelfth day
of the month; excludes proprietors, self-employed persons,
household and unpaid family workers, and members of the armed
forces. Data are adjusted to the March 1992 benchmark, and
only seasonally adjusted data are available at this time.
SOURCE. Based on data from U.S. Department of Labor, Employment
and Earnings.
2.12 OUTPUT, CAPACITY, AND CAPACITY UTILIZATION(1)
Seasonally adjusted
2000
Series
Q1 Q2 Q3 Q4(r)
Output (1992 = 100)
1 Total industry 144.4 147.1 148.4 148.2
2 Manufacturing 150.1 153.0 154.4 153.9
3 Primary processing(3) 173.5 178.6 180.3 178.8
4 Advanced processing(4) 137.3 139.0 140.3 140.3
5 Durable goods 186.7 192.9 196.7 196.6
6 Lumber and products 122.4 120.3 117.0 113.1
7 Primary metals 136.1 137.0 133.4 127.5
8 Iron and steel 135.0 136.1 130.5 121.5
9 Nonferrous 137.4 138.2 137.0 134.7
10 Industrial machinery and
equipment 242.2 249.4 257.3 261.9
11 Electrical machinery 476.7 535.1 581.1 605.6
12 Motor vehicles and parts 171.8 175.9 170.8 159.7
13 Aerospace and miscellaneous
transportation equipment 93.7 92.9 93.5 94.8
14 Nondurable goods 116.3 116.7 116.2 115.4
15 Textile mill products 104.0 103.3 998.0 94.7
16 Paper and products 117.6 117.9 114.0 114.9
17 Chemicals and products 124.8 125.8 125.4 124.5
18 Plastics materials 141.6 140.9 137.6 131.0
19 Petroleum products 116.0 118.3 117.3 116.1
20 Mining 99.4 100.0 100.6 100.5
21 Utilities 117.4 120.7 121.0 123.9
22 Electric 120.5 124.3 123.9 128.0
2000
Series
Q1 Q2 Q3 Q4
Capacity (percent of 1992 output)
1 Total industry 176.1 178.1 180.1 182.1
2 Manufacturing 184.6 186.9 189.2 191.5
3 Primary processing(3) 203.0 206.9 211.2 216.0
4 Advanced processing(4) 172.7 174.1 175.2 176.2
5 Durable goods 228.5 233.3 238.3 243.6
6 Lumber and products 147.0 147.5 147.9 148.4
7 Primary metals 153.0 153.3 153.4 153.5
8 Iron and steel 152.8 153.1 153.4 153.6
9 Nonferrous 153.2 153.4 153.4 153.4
10 Industrial machinery and
equipment 296.3 304.5 311.1 317.3
11 Electrical machinery 552.1 591.7 639.1 694.1
12 Motor vehicles and parts 207.0 208.2 209.2 210.1
13 Aerospace and miscellaneous
transportation equipment 130.7 130.7 130.4 130.2
14 Nondurable goods 143.8 144.1 144.4 144.6
15 Textile mill products 124.4 123.9 123.3 122.8
16 Paper and products 136.9 137.2 137.5 137.9
17 Chemicals and products 161.9 163.0 164.1 164.8
18 Plastics materials 151.5 151.6 151.9 152.3
19 Petroleum products 123.2 123.2 123.2 123.1
20 Mining 116.7 116.5 116.3 115.8
21 Utilities 131.2 132.3 133.4 134.5
22 Electric 129.5 130.9 132.3 133.8
2000
Series
Q1 Q2 Q3 Q4
Capacity utilization
rate (percent)(2)
1 Total industry 82.0 82.6 82.4 81.4
2 Manufacturing 81.3 81.9 81.7 80.4
3 Primary processing(3) 85.4 86.4 85.4 82.8
4 Advanced processing(4) 79.5 79.8 80.1 79.6
5 Durable goods 81.7 82.7 82.5 80.7
6 Lumber and products 83.3 81.6 79.1 76.2
7 Primary metals 88.9 89.4 87.0 83.1
8 Iron and steel 88.4 88.9 85.1 79.1
9 Nonferrous 89.7 90.1 89.3 87.8
10 Industrial machinery and
equipment 81.7 81.9 82.7 82.5
11 Electrical machinery 86.3 90.4 90.9 87.3
12 Motor vehicles and parts 83.0 84.5 81.7 76.0
13 Aerospace and miscellaneous
transportation equipment 71.7 71.1 71.7 72.8
14 Nondurable goods 80.9 80.9 80.5 79.8
15 Textile mill products 83.6 83.4 80.9 77.1
16 Paper and products 85.8 85.9 82.9 83.3
17 Chemicals and products 77.1 77.2 76.4 75.5
18 Plastics materials 93.5 93.0 90.5 86.0
19 Petroleum products 94.1 96.0 95.3 94.3
20 Mining 85.2 85.8 86.6 86.7
21 Utilities 89.5 91.2 90.7 92.1
22 Electric 93.1 94.9 93.7 95.6
1973 1975 Previous
cycle(5)
Series
High Low High Low
Capacity utilization
rate (percent)(2)
1 Total industry 89.2 72.6 87.3 71.1
2 Manufacturing 88.5 70.5 86.9 69.0
3 Primary processing(3) 91.2 68.2 88.1 66.2
4 Advanced processing(4) 87.2 71.8 86.7 70.4
5 Durable goods 89.2 68.9 87.7 63.9
6 Lumber and products 88.7 61.2 87.9 60.8
7 Primary metals 100.2 65.9 94.2 45.1
8 Iron and steel 105.8 66.6 95.8 37.0
9 Nonferrous 90.8 59.8 91.1 60.1
10 Industrial machinery and
equipment 96.0 74.3 93.2 64.0
11 Electrical machinery 89.2 64.7 89.4 71.6
12 Motor vehicles and parts 93.4 51.3 95.0 45.5
13 Aerospace and miscellaneous
transportation equipment 78.4 67.6 81.9 66.6
14 Nondurable goods 87.8 71.7 87.5 76.4
15 Textile mill products 91.4 60.0 91.2 72.3
16 Paper and products 97.1 69.2 96.1 80.6
17 Chemicals and products 87.6 69.7 84.6 69.9
18 Plastics materials 102.0 50.6 90.9 63.4
19 Petroleum products 96.7 81.1 90.0 66.8
20 Mining 94.3 88.2 96.0 80.3
21 Utilities 96.2 82.9 89.1 75.9
22 Electric 99.0 82.7 88.2 78.9
Latest cycle(6) 2000 2000
Series
High Low Feb. Sept.
Capacity utilization
rate (percent)(2)
1 Total industry 85.4 78.1 82.0 82.4
2 Manufacturing 85.7 76.6 81.2 81.7
3 Primary processing(3) 88.9 77.7 85.2 85.2
4 Advanced processing(4) 84.2 76.1 79.4 80.2
5 Durable goods 84.6 73.1 81.5 82.7
6 Lumber and products 93.6 75.5 83.2 78.9
7 Primary metals 92.7 73.7 88.1 87.3
8 Iron and steel 95.2 71.8 87.4 86.0
9 Nonferrous 89.3 74.2 89.0 89.0
10 Industrial machinery and
equipment 85.4 72.3 81.7 83.1
11 Electrical machinery 84.0 75.0 86.0 90.2
12 Motor vehicles and parts 89.1 55.9 82.3 83.8
13 Aerospace and miscellaneous
transportation equipment 87.3 79.2 71.5 70.7
14 Nondurable goods 87.3 80.7 80.9 80.3
15 Textile mill products 90.4 77.7 83.4 79.9
16 Paper and products 93.5 85.0 85.7 82.6
17 Chemicals and products 86.2 79.3 77.1 76.3
18 Plastics materials 97.0 74.8 92.6 89.8
19 Petroleum products 88.5 85.1 93.7 95.4
20 Mining 88.0 87.0 84.9 86.4
21 Utilities 92.6 83.4 91.1 91.0
22 Electric 95.0 87.1 93.5 93.9
2000
Series
Oct. Nov.(r) Dec.(r)
Capacity utilization
rate (percent)(2)
1 Total industry 82.0 81.4 80.8
2 Manufacturing 81.2 80.5 79.5
3 Primary processing(3) 84.5 82.8 81.1
4 Advanced processing(4) 79.9 79.7 79.2
5 Durable goods 81.7 80.8 79.7
6 Lumber and products 77.5 76.3 75.0
7 Primary metals 84.1 82.9 82.3
8 Iron and steel 80.6 79.4 77.3
9 Nonferrous 88.2 87.1 88.1
10 Industrial machinery and
equipment 83.0 82.5 82.1
11 Electrical machinery 88.5 87.1 86.2
12 Motor vehicles and parts 79.7 76.2 72.1
13 Aerospace and miscellaneous
transportation equipment 71.9 73.3 73.4
14 Nondurable goods 80.4 79.9 79.1
15 Textile mill products 78.6 75.6 77.1
16 Paper and products 85.0 83.2 81.7
17 Chemicals and products 76.4 75.7 74.5
18 Plastics materials 90.5 87.7 79.8
19 Petroleum products 94.6 94.9 93.4
20 Mining 86.3 87.3 86.7
21 Utilities 89.5 90.7 96.3
22 Electric 93.1 95.1 98.6
2001
Series
Jan. Feb.(p)
Capacity utilization
rate (percent)(2)
1 Total industry 80.1 79.4
2 Manufacturing 78.7 78.1
3 Primary processing(3) 79.7 78.8
4 Advanced processing(4) 78.8 78.4
5 Durable goods 78.3 77.5
6 Lumber and products 73.3 73.6
7 Primary metals 80.5 80.0
8 Iron and steel 75.7 76.1
9 Nonferrous 86.0 84.6
10 Industrial machinery and
equipment 80.7 79.8
11 Electrical machinery 84.9 83.3
12 Motor vehicles and parts 65.3 65.1
13 Aerospace and miscellaneous
transportation equipment 73.0 72.4
14 Nondurable goods 79.1 78.7
15 Textile mill products 75.7 74.9
16 Paper and products 80.4 80.4
17 Chemicals and products 74.6 74.4
18 Plastics materials 82.5 81.6
19 Petroleum products 92.7 93.9
20 Mining 88.6 88.2
21 Utilities 92.8 90.4
22 Electric 95.0 92.4
(1.) Data in this table appear in the Board's G. 17 (419) monthly
statistical release. The data are also available on the Board's web
site, http://www.federalreserve.gov/releases/g17. The latest historical
revision of the industrial production index and the capacity
utilization rates was released in December 2000. The recent annual
revision is described in an article in the March 2001 issue of the
Bulletin. For a description of the methods of estimating industrial
production and capacity utilization, see "Industrial Production and
Capacity Utilization: Historical Revision and Recent Developments,"
Federal Reserve Bulletin, vol. 83 (February 1997), pp. 67-92, and the
references cited therein. For details about the construction of
individual industrial production series, see "Industrial Production:
1989 Developments and Historical Revision," Federal Reserve Bulletin,
vol. 76 (April 1990), pp. 187-204.
(2.) Capacity utilization is calculated as the ratio of
the Federal Reserve's seasonally adjusted index of industrial
production to the corresponding index of capacity.
(3.) Primary processing includes textiles; lumber; paper; industrial
chemicals; synthetic materials; fertilizer materials; petroleum
products; rubber and plastics; stone, clay, and glass; primary metals;
and fabricated metals.
(4.) Advanced processing includes foods, tobacco, apparel,
furniture and fixtures, printing and publishing, chemical
products such as drugs and toiletries, agricultural chemicals, leather
and products, machinery, transportation equipment, instruments, and
miscellaneous manufactures.
(5.) Monthly highs, 1978-80; monthly lows, 1982.
(6.) Monthly highs, 1988-89; monthly lows, 1990-91.
2.13 INDUSTRIAL PRODUCTION Indexes and Gross Value(1)
Monthly data seasonally adjusted
SIC(2) 1992
code pro-
Group por- 2000
tion avg.
MAJOR MARKETS
1 Total index 100.0 147.5
2 Products 60.5 136.2
3 Final products 46.3 138.7
4 Consumer goods, total 29.1 123.0
5 Durable consumer goods 6.1 160.8
6 Automotive products 2.6 153.2
7 Autos and trucks 1.7 166.9
8 Autos, consumer .9 114.0
9 Trucks, consumer .7 221.6
10 Auto parts and
allied goods .9 131.8
11 Other 3.5 167.1
12 Appliances, televisions,
and air conditioners 1.0 332.7
13 Carpeting and furniture .8 129.7
14 Miscellaneous home goods 1.6 120.4
15 Nondurable consumer goods 23.0 114.1
16 Foods and tobacco 10.3 110.7
17 Clothing 2.4 85.0
18 Chemical products 4.5 137.0
19 Paper products 2.9 111.1
20 Energy 2.9 116.1
21 Fuels .8 113.0
22 Residential utilities 2.1 117.5
23 Equipment 17.2 166.1
24 Business equipment 13.2 194.3
25 Information processing
and related 5.4 312.2
26 Computer and office equipment 1.1 1,157.6
27 Industrial 4.0 144.6
28 Transit 2.5 127.7
29 Autos and trucks 1.2 145.6
30 Other 1.3 145.7
31 Defense and space equipment 3.3 76.2
32 Oil and gas well drilling .6 131.8
33 Manufactured homes .2 116.2
34 Intermediate products, total 14.2 128.8
35 Construction supplies 5.3 143.2
36 Business supplies 8.9 120.3
37 Materials 39.5 167.9
38 Durable goods materials 20.8 227.7
39 Durable consumer parts 4.0 165.3
40 Equipment parts 7.6 478.6
41 Other 9.2 134.6
42 Basic metal materials 3.1 128.7
43 Nondurable goods materials 8.9 113.8
44 Textile materials 1.1 97.9
45 Paper materials 1.8 115.8
46 Chemical materials 3.9 117.0
47 Other 2.1 113.0
48 Energy materials 9.7 103.4
49 Primary energy 6.3 98.2
50 Converted fuel materials 3.3 114.4
SPECIAL AGGREGATES
51 Total excluding autos and trucks 97.1 147.2
52 Total excluding motor
vehicles and parts 95.1 146.3
53 Total excluding computer and office
equipment 98.2 140.5
54 Consumer goods excluding autos
and trucks 27.4 120.6
55 Consumer goods excluding energy 26.2 123.9
56 Business equipment excluding
autos and trucks 12.0 200.1
57 Business equipment excluding
computer and office equipment 12.1 158.4
58 Materials excluding energy 29.8 188.5
MAJOR INDUSTRIES
59 Total index ... 100.0 147.5
60 Manufacturing ... 85.4 153.6
61 Primary processing ... 26.5 178.0
62 Advanced processing ... 58.9 139.3
63 Durable goods ... 45.0 193.5
64 Lumber and products 24 2.0 118.3
65 Furniture and fixtures 25 1.4 142.9
66 Stone, clay, and glass
products 32 2.1 134.7
67 Primary metals 33 3.1 133.7
68 Iron and steel 331,2 1.7 131.1
69 Raw steel 331PT .1 120.9
70 Nonferrous 333-6,9 1.4 136.8
71 Fabricated metal products 34 5.0 135.6
72 Industrial machinery and
equipment 35 8.0 252.8
73 Computer and office
equipment 357 1.8 1,343.6
74 Electrical machinery 36 7.3 550.2
75 Transportation equipment 37 9.5 131.0
76 Motor vehicles and parts 371 4.9 170.5
77 Autos and light trucks 371PT 2.6 153.0
78 Aerospace and
miscellaneous
transportation
equipment 372-6,9 4.6 93.8
79 Instruments 38 5.4 122.2
80 Miscellaneous 39 1.3 130.8
81 Nondurable goods ... 40.4 116.9
82 Foods 20 9.4 114.7
83 Tobacco products 21 1.6 95.3
84 Textile mill products 22 1.8 100.1
85 Apparel products 23 2.2 91.7
86 Paper and products 26 3.6 116.1
87 Printing and publishing 27 6.7 110.0
88 Chemicals and products 28 9.9 128.3
89 Petroleum products 29 1.4 117.1
90 Rubber and plastic products 30 3.5 142.3
91 Leather and products 31 .3 69.7
92 Mining ... 6.9 100.0
93 Metal 10 .5 96.8
94 Coal 12 1.0 108.9
95 Oil and gas extraction 13 4.8 95.0
96 Stone and earth minerals 14 .6 126.6
97 Utilities ... 7.7 120.5
98 Electric 491,3PT 6.2 124.0
99 Gas 492,3PT 1.6 109.2
SPECIAL AGGREGATES
100 Manufacturing excluding motor
vehicles and parts ... 80.5 152.6
101 Manufacturing excluding
computer and office
equipment ... 83.6 145.5
102 Computers, communications
equipment, and
semiconductors ... 5.9 1,196.1
103 Manufacturing excluding
computers and
semiconductors ... 81.1 128.3
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors ... 79.5 125.1
Gross value (billions of 1992
dollars, annual rates)
Major Markets
105 Products, total ... 2,001.9 2,860.8
106 Final ... 1,552.1 2,203.2
107 Consumer goods ... 1,049.6 1,339.7
108 Equipment ... 502.5 865.7
109 Intermediate ... 449.9 657.3
2000
Group
Feb. Mar. Apr.
Index (1992=100)
MAJOR MARKETS
1 Total index 144.3 145.2 146.3
2 Products 134.2 134.4 135.3
3 Final products 135.9 136.0 137.2
4 Consumer goods, total 122.8 122.2 123.2
5 Durable consumer goods 162.6 162.1 164.7
6 Automotive products 154.8 155.3 157.6
7 Autos and trucks 169.0 170.3 173.7
8 Autos, consumer 116.3 115.1 118.5
9 Trucks, consumer 223.7 227.3 230.7
10 Auto parts and
allied goods 132.5 131.9 132.7
11 Other 169.1 167.7 170.6
12 Appliances, televisions,
and air conditioners 336.1 332.3 341.1
13 Carpeting and furniture 129.7 128.3 131.8
14 Miscellaneous home goods 122.7 122.1 122.7
15 Nondurable consumer goods 113.5 112.9 113.6
16 Foods and tobacco 110.6 110.8 110.9
17 Clothing 87.5 87.2 87.5
18 Chemical products 133.5 134.9 136.5
19 Paper products 109.6 108.3 108.2
20 Energy 116.2 110.7 113.6
21 Fuels 111.0 114.9 12.1
22 Residential utilities 118.5 107.4 113.8
23 Equipment 159.8 161.3 162.8
24 Business equipment 187.0 188.9 191.1
25 Information processing
and related 289.2 293.5 298.8
26 Computer and office equipment 1,019.5 1,044.0 1,062.0
27 Industrial 142.1 142.2 142.9
28 Transit 130.6 131.5 131.3
29 Autos and trucks 154.2 154.0 156.5
30 Other 138.5 142.9 146.7
31 Defense and space equipment 75.9 76.0 75.5
32 Oil and gas well drilling 124.6 126.7 126.7
33 Manufactured homes 133.8 131.7 127.2
34 Intermediate products, total 128.9 129.5 129.3
35 Construction supplies 143.4 144.6 144.4
36 Business supplies 120.3 120.6 120.4
37 Materials 162.4 164.7 166.1
38 Durable goods materials 215.4 220.0 222.7
39 Durable consumer parts 163.2 164.9 162.2
40 Equipment parts 416.6 434.2 451.9
41 Other 134.8 135.9 135.7
42 Basic metal materials 128.8 131.1 131.9
43 Nondurable goods materials 115.3 115.6 115.2
44 Textile materials 101.9 102.2 101.1
45 Paper materials 116.7 118.1 118.7
46 Chemical materials 118.6 118.6 118.1
47 Other 113.0 113.5 112.6
48 Energy materials 102.1 102.5 103.5
49 Primary energy 96.2 97.7 98.8
50 Converted fuel materials 114.6 112.3 113.0
SPECIAL AGGREGATES
51 Total excluding autos and trucks 143.8 144.8 145.7
52 Total excluding motor
vehicles and parts 143.0 143.9 144.9
53 Total excluding computer and office
equipment 137.8 138.6 139.6
54 Consumer goods excluding autos
and trucks 120.3 119.6 120.5
55 Consumer goods excluding energy 123.5 123.6 124.4
56 Business equipment excluding
autos and trucks 190.8 193.1 195.2
57 Business equipment excluding
computer and office equipment 154.4 155.7 157.4
58 Materials excluding energy 181.5 184.6 186.0
MAJOR INDUSTRIES
59 Total index 144.3 145.2 146.3
60 Manufacturing 149.9 151.3 152.2
61 Primary processing 173.0 175.5 177.1
62 Advanced processing 137.1 137.9 138.5
63 Durable goods 186.3 188.9 191.0
64 Lumber and products 122.3 121.9 121.6
65 Furniture and fixtures 140.7 139.3 140.7
66 Stone, clay, and glass
products 133.6 134.4 132.9
67 Primary metals 134.7 137.1 137.8
68 Iron and steel 133.5 136.9 136.8
69 Raw steel 121.7 125.8 127.3
70 Nonferrous 136.4 137.6 139.1
71 Fabricated metal products 135.8 135.6 135.9
72 Industrial machinery and
equipment 242.1 245.8 247.2
73 Computer and office
equipment 1,195.9 1,224.7 1,245.1
74 Electrical machinery 474.8 495.2 516.5
75 Transportation equipment 130.7 131.9 132.1
76 Motor vehicles and parts 170.3 172.5 174.1
77 Autos and light trucks 155.1 156.0 159.2
78 Aerospace and
miscellaneous
transportation
equipment 93.5 93.7 92.7
79 Instruments 119.7 120.2 121.5
80 Miscellaneous 130.9 130.6 130.9
81 Nondurable goods 116.3 116.6 116.7
82 Foods 114.1 114.9 114.7
83 Tobacco products 97.4 94.3 95.6
84 Textile mill products 103.8 104.4 104.4
85 Apparel products 94.3 94.1 94.6
86 Paper and products 117.4 117.8 118.4
87 Printing and publishing 108.9 109.7 109.1
88 Chemicals and products 124.9 124.9 125.2
89 Petroleum products 115.5 118.9 117.2
90 Rubber and plastic products 143.2 143.0 143.5
91 Leather and products 71.4 70.6 70.0
92 Mining 99.1 100.4 99.9
93 Metal 99.1 99.7 98.8
94 Coal 102.6 110.1 112.6
95 Oil and gas extraction 94.0 94.6 94.0
96 Stone and earth minerals 131.7 133.4 130.4
97 Utilities 119.5 114.7 118.7
98 Electric 121.0 119.7 122.8
99 Gas 113.1 98.3 104.4
SPECIAL AGGREGATES
100 Manufacturing excluding motor
vehicles and parts 148.7 150.1 151.0
101 Manufacturing excluding
computer and office
equipment 142.3 143.6 144.4
102 Computers, communications
equipment, and
semiconductors 999.4 1,048.5 1,097.8
103 Manufacturing excluding
computers and
semiconductors 127.1 127.8 128.0
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors 124.3 124.9 125.1
Gross value (billions of 1992
dollars, annual rates)
Major Markets
105 Products, total 2,846.9 2,853.1 2,868.9
106 Final 2,183.5 2,186.3 2,202.8
107 Consumer goods 1,342.3 1,338.5 1,347.2
108 Equipment 846.2 854.0 862.2
109 Intermediate 662.3 665.6 665.0
2000
Group
May June July
Index (1992=100)
MAJOR MARKETS
1 Total index 147.2 147.9 147.6
2 Products 135.5 136.0 135.8
3 Final products 137.5 138.3 138.1
4 Consumer goods, total 123.5 124.2 122.9
5 Durable consumer goods 163.8 164.4 158.7
6 Automotive products 157.9 157.8 149.4
7 Autos and trucks 175.7 174.8 160.5
8 Autos, consumer 119.7 118.1 113.6
9 Trucks, consumer 233.7 233.2 209.8
10 Auto parts and
allied goods 130.6 131.6 131.6
11 Other 168.5 169.8 166.7
12 Appliances, televisions,
and air conditioners 334.6 348.2 322.3
13 Carpeting and furniture 130.8 130.1 131.5
14 Miscellaneous home goods 121.6 120.5 121.3
15 Nondurable consumer goods 114.1 114.8 114.5
16 Foods and tobacco 110.3 110.8 111.0
17 Clothing 86.8 85.1 85.6
18 Chemical products 138.5 139.3 137.4
19 Paper products 109.0 111.6 112.4
20 Energy 116.0 117.0 114.9
21 Fuels 113.1 113.4 112.6
22 Residential utilities 117.1 118.5 115.6
23 Equipment 163.1 164.3 166.3
24 Business equipment 191.6 192.8 195.0
25 Information processing
and related 302.5 307.0 313.9
26 Computer and office equipment 1,087.8 1,130.8 1,182.8
27 Industrial 143.4 143.8 144.4
28 Transit 129.0 130.1 127.6
29 Autos and trucks 153.9 152.9 141.5
30 Other 145.8 142.8 148.1
31 Defense and space equipment 75.5 76.3 77.9
32 Oil and gas well drilling 130.3 130.8 136.2
33 Manufactured homes 122.9 121.9 116.8
34 Intermediate products, total 129.4 129.0 128.7
35 Construction supplies 143.1 143.4 143.8
36 Business supplies 121.3 120.5 119.8
37 Materials 168.4 169.4 169.0
38 Durable goods materials 227.6 230.3 230.5
39 Durable consumer parts 169.9 165.7 158.3
40 Equipment parts 466.8 486.2 499.9
41 Other 135.9 135.9 135.3
42 Basic metal materials 130.8 130.7 128.5
43 Nondurable goods materials 115.7 115.2 113.9
44 Textile materials 100.9 101.7 97.9
45 Paper materials 117.5 118.1 114.9
46 Chemical materials 119.8 118.4 117.0
47 Other 112.4 112.3 113.7
48 Energy materials 103.3 103.1 102.9
49 Primary energy 98.3 98.4 98.7
50 Converted fuel materials 113.7 112.4 110.8
SPECIAL AGGREGATES
51 Total excluding autos and trucks 146.7 147.5 147.5
52 Total excluding motor
vehicles and parts 145.8 146.5 146.9
53 Total excluding computer and office
equipment 140.4 141.0 140.5
54 Consumer goods excluding autos
and trucks 120.7 121.5 120.9
55 Consumer goods excluding energy 124.4 125.0 123.9
56 Business equipment excluding
autos and trucks 196.1 197.6 201.5
57 Business equipment excluding
computer and office equipment 157.3 157.6 158.6
58 Materials excluding energy 189.3 190.7 190.3
MAJOR INDUSTRIES
59 Total index 147.2 147.9 147.6
60 Manufacturing 153.2 153.8 153.7
61 Primary processing 178.7 180.1 179.4
62 Advanced processing 139.1 139.4 139.5
63 Durable goods 193.0 194.6 194.7
64 Lumber and products 120.5 118.7 118.6
65 Furniture and fixtures 143.0 141.9 142.6
66 Stone, clay, and glass
products 134.2 134.6 136.3
67 Primary metals 136.7 136.4 133.9
68 Iron and steel 135.9 135.5 129.9
69 Raw steel 127.1 128.2 126.4
70 Nonferrous 137.9 137.6 138.8
71 Fabricated metal products 136.2 135.7 136.1
72 Industrial machinery and
equipment 249.9 250.9 253.9
73 Computer and office
equipment 1,272.3 1,316.2 1,370.4
74 Electrical machinery 533.8 555.0 571.2
75 Transportation equipment 133.6 133.5 128.0
76 Motor vehicles and parts 177.6 176.1 163.1
77 Autos and light trucks 161.1 160.1 147.8
78 Aerospace and
miscellaneous
transportation
equipment 92.3 93.6 94.9
79 Instruments 121.3 122.2 122.6
80 Miscellaneous 130.7 130.5 132.1
81 Nondurable goods 116.7 116.7 116.3
82 Foods 114.2 114.9 115.0
83 Tobacco products 95.3 93.8 95.8
84 Textile mill products 102.6 103.1 101.4
85 Apparel products 93.0 91.2 92.0
86 Paper and products 116.5 118.8 114.9
87 Printing and publishing 109.9 109.1 110.0
88 Chemicals and products 126.3 125.9 124.8
89 Petroleum products 118.9 118.8 117.0
90 Rubber and plastic products 142.6 143.5 144.4
91 Leather and products 70.5 69.3 70.0
92 Mining 99.6 100.4 100.5
93 Metal 95.7 97.5 92.9
94 Coal 112.2 113.6 110.3
95 Oil and gas extraction 94.3 94.8 95.7
96 Stone and earth minerals 123.9 127.7 124.4
97 Utilities 121.6 121.7 119.1
98 Electric 125.2 124.8 121.1
99 Gas 108.7 110.5 111.0
SPECIAL AGGREGATES
100 Manufacturing excluding motor
vehicles and parts 151.7 152.6 153.2
101 Manufacturing excluding
computer and office
equipment 145.2 145.8 145.4
102 Computers, communications
equipment, and
semiconductors 1,140.2 1,193.1 1,248.0
103 Manufacturing excluding
computers and
semiconductors 128.4 128.4 127.7
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors 125.4 125.3 124.5
Gross value (billions of 1992
dollars, annual rates)
Major Markets
105 Products, total 2,872.7 2,883.5 2,865.7
106 Final 2,205.6 2,218.6 2,202.8
107 Consumer goods 1,349.8 1,357.8 1,338.7
108 Equipment 862.2 867.3 872.8
109 Intermediate 666.0 663.9 661.8
2000
Group
Aug. Sept. Oct.
Index (1992=100)
MAJOR MARKETS
1 Total index 148.6 149.0 148.7
2 Products 136.6 136.7 136.3
3 Final products 139.2 139.3 138.8
4 Consumer goods, total 123.8 123.8 122.7
5 Durable consumer goods 160.0 162.8 157.3
6 Automotive products 153.8 156.7 148.0
7 Autos and trucks 169.8 172.7 159.1
8 Autos, consumer 120.3 120.5 107.8
9 Trucks, consumer 221.8 227.1 212.0
10 Auto parts and
allied goods 129.1 132.1 130.2
11 Other 165.2 167.7 165.4
12 Appliances, televisions,
and air conditioners 325.0 340.5 332.5
13 Carpeting and furniture 128.6 131.9 129.8
14 Miscellaneous home goods 119.7 118.1 117.5
15 Nondurable consumer goods 115.2 114.7 114.5
16 Foods and tobacco 111.4 110.5 110.4
17 Clothing 84.2 83.1 82.7
18 Chemical products 139.4 138.4 139.0
19 Paper products 112.4 112.4 113.8
20 Energy 117.1 118.4 115.5
21 Fuels 113.1 115.8 113.0
22 Residential utilities 119.0 119.1 116.2
23 Equipment 167.9 168.3 169.1
24 Business equipment 197.8 199.5 200.0
25 Information processing
and related 322.1 327.2 332.3
26 Computer and office equipment 1,229.0 1,264.1 1,286.4
27 Industrial 147.7 146.5 146.9
28 Transit 126.8 127.7 121.6
29 Autos and trucks 142.8 144.2 131.4
30 Other 144.8 149.3 154.2
31 Defense and space equipment 76.1 73.7 75.3
32 Oil and gas well drilling 137.1 132.8 136.5
33 Manufactured homes 115.5 109.3 98.8
34 Intermediate products, total 128.8 128.6 128.7
35 Construction supplies 142.7 143.1 142.3
36 Business supplies 120.6 120.0 120.7
37 Materials 170.5 171.3 171.1
38 Durable goods materials 233.8 235.7 235.0
39 Durable consumer parts 168.3 169.0 168.5
40 Equipment parts 505.7 512.1 515.9
41 Other 134.7 135.5 133.7
42 Basic metal materials 127.5 129.2 125.9
43 Nondurable goods materials 112.8 112.7 113.4
44 Textile materials 99.3 95.9 94.0
45 Paper materials 112.8 113.8 117.2
46 Chemical materials 116.8 116.3 115.9
47 Other 110.2 112.0 114.0
48 Energy materials 104.2 104.3 103.9
49 Primary energy 98.9 98.5 97.8
50 Converted fuel materials 115.1 116.6 117.2
SPECIAL AGGREGATES
51 Total excluding autos and trucks 148.4 148.7 148.8
52 Total excluding motor
vehicles and parts 147.4 147.7 147.8
53 Total excluding computer and office
equipment 141.4 141.6 141.2
54 Consumer goods excluding autos
and trucks 121.3 121.2 120.7
55 Consumer goods excluding energy 124.5 124.4 123.6
56 Business equipment excluding
autos and trucks 204.5 206.3 208.5
57 Business equipment excluding
computer and office equipment 160.3 161.2 161.2
58 Materials excluding energy 191.8 193.0 192.8
MAJOR INDUSTRIES
59 Total index 148.6 149.0 148.7
60 Manufacturing 154.6 155.1 154.9
61 Primary processing 180.3 181.2 181.1
62 Advanced processing 140.5 140.8 140.5
63 Durable goods 196.9 198.4 197.6
64 Lumber and products 115.5 116.8 114.8
65 Furniture and fixtures 143.8 146.6 147.2
66 Stone, clay, and glass
products 136.1 136.5 137.3
67 Primary metals 132.4 133.9 129.0
68 Iron and steel 129.7 131.9 123.7
69 Raw steel 123.9 117.7 115.6
70 Nonferrous 135.7 136.5 135.3
71 Fabricated metal products 136.3 136.0 136.0
72 Industrial machinery and
equipment 257.9 260.0 261.5
73 Computer and office
equipment 1,421.6 1,464.2 1,487.4
74 Electrical machinery 580.0 592.2 597.4
75 Transportation equipment 132.4 132.4 129.2
76 Motor vehicles and parts 173.9 175.5 167.2
77 Autos and light trucks 156.4 158.8 145.8
78 Aerospace and
miscellaneous
transportation
equipment 93.5 92.1 93.6
79 Instruments 123.3 123.7 123.5
80 Miscellaneous 130.8 130.9 131.1
81 Nondurable goods 116.3 116.0 116.3
82 Foods 115.1 114.6 114.8
83 Tobacco products 96.6 94.5 93.7
84 Textile mill products 99.4 98.4 96.7
85 Apparel products 90.7 89.5 89.2
86 Paper and products 113.3 113.7 117.1
87 Printing and publishing 110.4 110.9 111.6
88 Chemicals and products 125.9 125.4 125.8
89 Petroleum products 117.6 117.4 116.5
90 Rubber and plastic products 142.1 141.9 141.3
91 Leather and products 68.8 69.8 68.6
92 Mining 101.0 100.4 100.1
93 Metal 95.8 99.3 96.3
94 Coal 109.3 107.0 110.2
95 Oil and gas extraction 96.3 95.7 95.1
96 Stone and earth minerals 125.0 123.7 124.6
97 Utilities 122.1 121.7 120.0
98 Electric 126.1 124.7 124.2
99 Gas 108.4 110.5 105.8
SPECIAL AGGREGATES
100 Manufacturing excluding motor
vehicles and parts 153.5 153.9 154.3
101 Manufacturing excluding
computer and office
equipment 146.2 146.5 146.2
102 Computers, communications
equipment, and
semiconductors 1,281.6 1,310.3 1,334.8
103 Manufacturing excluding
computers and
semiconductors 128.2 128.4 128.0
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors 124.9 125.0 124.6
Gross value (billions of 1992
dollars, annual rates)
Major Markets
105 Products, total 2,882.9 2,889.1 2,867.4
106 Final 2,220.5 2,228.1 2,205.4
107 Consumer goods 1,348.7 1,353.7 1,334.7
108 Equipment 880.8 883.3 880.9
109 Intermediate 661.5 660.2 661.0
2000
Group
Nov.(r) Dec.(r)
Index (1992=100)
MAJOR MARKETS
1 Total index 148.2 147.7
2 Products 136.3 136.3
3 Final products 138.8 138.8
4 Consumer goods, total 122.4 122.8
5 Durable consumer goods 154.3 153.6
6 Automotive products 143.6 140.8
7 Autos and trucks 153.0 144.1
8 Autos, consumer 103.0 94.3
9 Trucks, consumer 204.3 194.7
10 Auto parts and
allied goods 128.2 133.9
11 Other 163.7 165.1
12 Appliances, televisions,
and air conditioners 332.7 343.9
13 Carpeting and furniture 125.4 127.3
14 Miscellaneous home goods 117.1 115.5
15 Nondurable consumer goods 114.6 115.3
16 Foods and tobacco 110.7 110.1
17 Clothing 83.2 82.4
18 Chemical products 138.5 139.0
19 Paper products 112.5 112.2
20 Energy 117.3 123.4
21 Fuels 115.5 112.3
22 Residential utilities 117.6 130.0
23 Equipment 169.9 169.0
24 Business equipment 200.6 199.4
25 Information processing
and related 336.7 336.0
26 Computer and office equipment 1,305.0 1,318.3
27 Industrial 147.4 145.7
28 Transit 121.8 117.6
29 Autos and trucks 130.4 122.0
30 Other 148.6 153.9
31 Defense and space equipment 77.0 77.5
32 Oil and gas well drilling 138.9 139.1
33 Manufactured homes 90.9 83.5
34 Intermediate products, total 128.5 128.5
35 Construction supplies 141.6 141.5
36 Business supplies 120.7 120.7
37 Materials 169.9 168.4
38 Durable goods materials 232.9 230.9
39 Durable consumer parts 161.8 157.3
40 Equipment parts 521.4 525.5
41 Other 131.8 129.8
42 Basic metal materials 124.4 123.0
43 Nondurable goods materials 110.7 108.6
44 Textile materials 89.5 90.3
45 Paper materials 113.4 109.4
46 Chemical materials 113.7 109.8
47 Other 111.9 113.9
48 Energy materials 105.4 105.5
49 Primary energy 99.3 99.7
50 Converted fuel materials 118.7 117.8
SPECIAL AGGREGATES
51 Total excluding autos and trucks 148.4 148.2
52 Total excluding motor
vehicles and parts 147.7 147.6
53 Total excluding computer and office
equipment 140.8 140.2
54 Consumer goods excluding autos
and trucks 120.6 121.5
55 Consumer goods excluding energy 122.9 122.5
56 Business equipment excluding
autos and trucks 209.4 209.1
57 Business equipment excluding
computer and office equipment 161.5 160.1
58 Materials excluding energy 190.4 188.2
MAJOR INDUSTRIES
59 Total index 148.2 147.7
60 Manufacturing 154.1 152.9
61 Primary processing 178.8 176.6
62 Advanced processing 140.5 139.1
63 Durable goods 196.7 195.5
64 Lumber and products 113.2 111.4
65 Furniture and fixtures 145.0 145.6
66 Stone, clay, and glass
products 134.6 132.3
67 Primary metals 127.3 126.3
68 Iron and steel 122.0 118.9
69 Raw steel 106.3 104.6
70 Nonferrous 133.6 135.1
71 Fabricated metal products 134.7 133.2
72 Industrial machinery and
equipment 261.9 262.2
73 Computer and office
equipment 1,502.8 1,508.3
74 Electrical machinery 604.4 615.1
75 Transportation equipment 126.8 122.9
76 Motor vehicles and parts 160.1 151.8
77 Autos and light trucks 140.1 131.5
78 Aerospace and
miscellaneous
transportation
equipment 95.4 95.5
79 Instruments 124.6 123.2
80 Miscellaneous 130.2 129.4
81 Nondurable goods 115.5 114.4
82 Foods 115.0 114.2
83 Tobacco products 93.1 94.2
84 Textile mill products 92.8 94.6
85 Apparel products 89.2 88.1
86 Paper and products 114.7 112.7
87 Printing and publishing 111.2 110.6
88 Chemicals and products 124.8 122.9
89 Petroleum products 116.9 114.9
90 Rubber and plastic products 139.1 137.6
91 Leather and products 68.9 66.9
92 Mining 101.1 100.2
93 Metal 93.7 92.8
94 Coal 108.6 106.1
95 Oil and gas extraction 96.6 95.9
96 Stone and earth minerals 123.2 123.0
97 Utilities 121.9 129.8
98 Electric 127.3 132.4
99 Gas 104.5 119.4
SPECIAL AGGREGATES
100 Manufacturing excluding motor
vehicles and parts 153.8 153.1
101 Manufacturing excluding
computer and office
equipment 145.4 144.2
102 Computers, communications
equipment, and
semiconductors 1,358.1 137.8
103 Manufacturing excluding
computers and
semiconductors 127.1 125.8
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors 123.6 122.3
Gross value (billions
of 1992 dollars,
annual rates)
Major Markets
105 Products, total 2,863.2 2,854.7
106 Final 2,203.7 2,195.2
107 Consumer goods 1,331.2 1,329.7
108 Equipment 883.3 875.3
109 Intermediate 658.6 658.5
2001
Group
Jan. Feb.(p)
Index (1992=100)
MAJOR MARKETS
1 Total index 146.8 146.0
2 Products 135.6 134.9
3 Final products 138.1 137.5
4 Consumer goods, total 121.7 121.2
5 Durable consumer goods 149.0 149.7
6 Automotive products 132.4 134.7
7 Autos and trucks 133.5 137.3
8 Autos, consumer 99.4 99.0
9 Trucks, consumer 170.6 178.1
10 Auto parts and
allied goods 128.8 129.0
11 Other 164.2 163.4
12 Appliances, televisions,
and air conditioners 341.4 342.7
13 Carpeting and furniture 124.0 123.5
14 Miscellaneous home goods 116.6 115.2
15 Nondurable consumer goods 114.9 114.1
16 Foods and tobacco 109.7 109.2
17 Clothing 82.5 80.7
18 Chemical products 140.1 140.1
19 Paper products 113.6 111.8
20 Energy 119.5 118.2
21 Fuels 111.5 112.4
22 Residential utilities 124.0 121.1
23 Equipment 168.9 168.5
24 Business equipment 198.6 198.1
25 Information processing
and related 341.7 344.0
26 Computer and office equipment 1,333.4 1,348.0
27 Industrial 145.1 141.4
28 Transit 112.2 111.3
29 Autos and trucks 115.1 114.5
30 Other 150.6 155.5
31 Defense and space equipment 78.5 78.5
32 Oil and gas well drilling 146.7 146.1
33 Manufactured homes 73.5 74.8
34 Intermediate products, total 128.2 127.0
35 Construction supplies 141.6 140.3
36 Business supplies 120.2 119.1
37 Materials 167.1 166.0
38 Durable goods materials 228.0 226.6
39 Durable consumer parts 146.0 143.1
40 Equipment parts 529.5 531.0
41 Other 129.1 127.8
42 Basic metal materials 119.9 119.4
43 Nondurable goods materials 108.4 107.8
44 Textile materials 90.1 88.1
45 Paper materials 110.0 109.4
46 Chemical materials 110.7 110.1
47 Other 111.0 110.9
48 Energy materials 105.4 104.7
49 Primary energy 101.1 100.5
50 Converted fuel materials 113.3 112.5
SPECIAL AGGREGATES
51 Total excluding autos and trucks 147.5 146.6
52 Total excluding motor
vehicles and parts 147.4 146.6
53 Total excluding computer and office
equipment 139.4 138.5
54 Consumer goods excluding autos
and trucks 120.9 120.2
55 Consumer goods excluding energy 121.9 121.4
56 Business equipment excluding
autos and trucks 209.2 208.7
57 Business equipment excluding
computer and office equipment 159.1 158.4
58 Materials excluding energy 186.4 185.2
MAJOR INDUSTRIES
59 Total index 146.8 146.0
60 Manufacturing 152.0 151.3
61 Primary processing 174.6 173.6
62 Advanced processing 139.4 138.9
63 Durable goods 193.4 192.6
64 Lumber and products 109.0 109.5
65 Furniture and fixtures 145.4 144.2
66 Stone, clay, and glass
products 133.1 131.1
67 Primary metals 123.5 122.8
68 Iron and steel 116.4 116.9
69 Raw steel 108.3 108.6
70 Nonferrous 132.0 129.8
71 Fabricated metal products 133.7 131.9
72 Industrial machinery and
equipment 259.3 258.2
73 Computer and office
equipment 1,522.7 1,537.6
74 Electrical machinery 619.7 621.0
75 Transportation equipment 115.9 115.4
76 Motor vehicles and parts 137.6 137.4
77 Autos and light trucks 123.7 126.7
78 Aerospace and
miscellaneous
transportation
equipment 94.9 94.2
79 Instruments 124.9 125.2
80 Miscellaneous 130.4 128.7
81 Nondurable goods 114.4 113.9
82 Foods 113.4 113.2
83 Tobacco products 95.2 93.6
84 Textile mill products 92.6 91.5
85 Apparel products 88.6 86.7
86 Paper and products 111.1 111.1
87 Printing and publishing 111.4 110.1
88 Chemicals and products 123.2 123.0
89 Petroleum products 114.1 115.6
90 Rubber and plastic products 139.3 137.8
91 Leather and products 66.9 65.5
92 Mining 102.3 101.8
93 Metal 92.6 91.6
94 Coal 115.2 110.7
95 Oil and gas extraction 97.5 97.4
96 Stone and earth minerals 124.2 122.8
97 Utilities 125.5 122.6
98 Electric 128.0 125.0
99 Gas 115.7 113.3
SPECIAL AGGREGATES
100 Manufacturing excluding motor
vehicles and parts 153.0 152.3
101 Manufacturing excluding
computer and office
equipment 143.3 142.6
102 Computers, communications
equipment, and
semiconductors 1,392.5 1,403.4
103 Manufacturing excluding
computers and
semiconductors 124.9 124.3
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors 121.3 120.6
Gross value (billions
of 1992 dollars,
annual rates)
Major Markets
105 Products, total 2,826.2 2,815.8
106 Final 2,169.0 2,163.9
107 Consumer goods 1,310.7 1,307.7
108 Equipment 868.9 866.8
109 Intermediate 656.0 650.8
(1.) Data in this table appear in the Board's G.17 (419) monthly
statistical release. The data are also available on the Board's web
site, http://www.federalreserve.gov/releases/g17. The latest historical
revision of the industrial production index and the capacity
utilization rates was released in December 2000. The recent annual
revision is described in an article in the March 2001 issue of the
Bulletin. For a description of the methods of estimating industrial
production and capacity utilization, see "Industrial Production and
Capacity Utilization: Historical Revision and Recent
Developments," Federal Reserve Bulletin, vol. 83 (February 1997),
pp. 67-92, and the references cited therein. For details about
the construction of individual industrial production
series, see "Industrial Production: 1989 Developments and Historical
Revision," Federal Reserve Bulletin, vol. 76 (April 1990), pp. 187-204.
(2.) Standard industrial classification.
2.14 HOUSING AND CONSTRUCTION
Monthly figures at seasonally adjusted annual rates except
as noted
Item 1998 1999 2000(r)
Private residential real estate
activity (thousands of units
except as noted)
NEW UNITS
1 Permits authorized 1,612 1,664 1,574
2 One-family 1,188 1,247 1,184
3 Two-family or more 425 417 391
4 Started 1,617 1,667 1,593
5 One-family 1,271 1,335 1,262
6 Two-family or more 346 332 331
7 Under construction at end
of period(1) 971 993 975
8 One-family 659 679 655
9 Two-family or more 312 314 321
10 Completed 1,474 1,636 1,608
11 One-family 1,160 1,307 1,282
12 Two-family or more 315 329 326
13 Mobile homes shipped 374 348 250
Merchant builder activity in
one-family units
14 Number sold 886 907 903
15 Number for sale at end
of period(1) 300 326 313
Price of units sold (thousands
of dollars)(1)
16 Median 152.5 160.0 169.0
17 Average 181.9 195.8 206.4
EXISTING UNITS (one-family)
18 Number sold 4,970(r) 5,205(r) 5,113
Price of units sold (thousands
of dollars)(2)
19 Median 128.4 133.3 139.0
20 Average 159.1 168.3 176.2
Value of new construction
(millions of dollars)(3)
CONSTRUCTION
21 Total put in place 710,104 765,719 809,258
22 Private 550,983 592,037 624,613
23 Residential 314,058 348,584 359,315
24 Nonresidential 236,925 243,454 265,297
25 Industrial buildings 40,464 35,016 40,406
26 Commercial buildings 95,753 103,759 114,898
27 Other buildings 39,607 41,279 45,486
28 Public utilities and
other 61,101 63,400 64,507
29 Public 159,121 173,682 184,645
30 Military 2,538 2,122 2,255
31 Highway 48,339 54,447 52,461
32 Conservation and
development 5,421 6,002 6,026
33 Other 102,823 111,110 123,904
2000
Item
Apr. May June
Private residential real estate
activity (thousands of units
except as noted)
NEW UNITS
1 Permits authorized 1,559 1,511 1,528
2 One-family 1,164 1,150 1,127
3 Two-family or more 395 361 401
4 Started 1,652 1,591 1,571
5 One-family 1,310 1,258 1,227
6 Two-family or more 342 333 344
7 Under construction at end
of period(1) 1,029 1,023 1,024
8 One-family 703 697 696
9 Two-family or more 326 326 328
10 Completed 1,660 1,705 1,545
11 One-family 1,354 1,377 1,222
12 Two-family or more 306 328 323
13 Mobile homes shipped 271 265 262
Merchant builder activity in
one-family units
14 Number sold 865 875 827
15 Number for sale at end
of period(1) 305 308 312
Price of units sold (thousands
of dollars)(1)
16 Median 163.1 165.0 159.9
17 Average 207.5 200.1 197.7
EXISTING UNITS (one-family)
18 Number sold 4,980(r) 5,190 5,180
Price of units sold (thousands
of dollars)(2)
19 Median 136.1 137.6 140.2
20 Average 173.3 176.0 178.9
Value of new construction
(millions of dollars)(3)
CONSTRUCTION
21 Total put in place 816,156 811,816 798,860
22 Private 629,491 629,820 624,383
23 Residential 368,948 367,653 363,756
24 Nonresidential 260,543 262,167 260,627
25 Industrial buildings 38,670 39,814 39,951
26 Commercial buildings 115,042 113,381 112,834
27 Other buildings 44,136 45,540 44,559
28 Public utilities and
other 62,695 63,432 63,283
29 Public 186,665 181,995 174,477
30 Military 2,180 2,246 2,157
31 Highway 55,923 51,966 48,148
32 Conservation and
development 5,840 5,363 5,832
33 Other 122,722 122,420 118,340
2000
Item
July Aug. Sept.
Private residential real estate
activity (thousands of units
except as noted)
NEW UNITS
1 Permits authorized 1,511 1,486 1,518
2 One-family 1,117 1,140 1,157
3 Two-family or more 394 346 361
4 Started 1,527 1,519 1,537
5 One-family 1,201 1,229 1,226
6 Two-family or more 326 290 311
7 Under construction at end
of period(1) 1,020 1,016 1,009
8 One-family 691 692 689
9 Two-family or more 329 324 320
10 Completed 1,531 1,612 1,559(r)
11 One-family 1,216 1,266 1,215(r)
12 Two-family or more 315 346 344(r)
13 Mobile homes shipped 251 249 231
Merchant builder activity in
one-family units
14 Number sold 914 860 924
15 Number for sale at end
of period(1) 311 313 309
Price of units sold (thousands
of dollars)(1)
16 Median 168.6 165.0 171.5
17 Average 202.4 200.4 208.4
EXISTING UNITS (one-family)
18 Number sold 4,820(r) 5,240 5,160(r)
Price of units sold (thousands
of dollars)(2)
19 Median 143.3 143.2 141.6
20 Average 177.7 183.0 178.6
Value of new construction
(millions of dollars)(3)
CONSTRUCTION
21 Total put in place 793,036 801,748 813,477
22 Private 619,046 616,918 625,317
23 Residential 355,196 350,783 351,682
24 Nonresidential 263,850 266,135 273,635
25 Industrial buildings 42,081 41,552 40,872
26 Commercial buildings 112,114 115,279 118,445
27 Other buildings 45,689 46,779 46,689
28 Public utilities and
other 63,966 62,525 67,629
29 Public 173,990 184,830 188,160
30 Military 2,100 2,331 2,418
31 Highway 49,262 52,694 53,183
32 Conservation and
development 4,875 5,629 6,158
33 Other 117,753 124,176 126,401
2000
Item
Oct. Nov.(r)
Private residential
real estate activity
(thousands of units
except as noted)
NEW UNITS
1 Permits authorized 1,546 1,598
2 One-family 1,191 1,183
3 Two-family or more 355 415
4 Started 1,529 1,564
5 One-family 1,232 1,233
6 Two-family or more 297 331
7 Under construction at end
of period(1) 1,011 1,009
8 One-family 691 686
9 Two-family or more 320 323
10 Completed 1,546 1,589
11 One-family 1,212 1,290
12 Two-family or more 334 299
13 Mobile homes shipped 213 196
Merchant builder activity in
one-family units
14 Number sold 940 890
15 Number for sale at end
of period(1) 312 316
Price of units sold (thousands
of dollars)(1)
16 Median 176.0 174.0
17 Average 215.0 210.9
EXISTING UNITS (one-family)
18 Number sold 5,070(r) 5,300
Price of units sold (thousands
of dollars)(2)
19 Median 138.6 139.5
20 Average 176.9 176.5
Value of new construction
(millions of dollars)(3)
CONSTRUCTION
21 Total put in place 803,893(r) 808,948
22 Private 618,738(r) 624,580
23 Residential 348,076(r) 348,998
24 Nonresidential 270,662(r) 275,582
25 Industrial buildings 42,811(r) 46,894
26 Commercial buildings 117,039(r) 116,224
27 Other buildings 46,690(r) 46,060
28 Public utilities and
other 64,122(r) 66,404
29 Public 185,155(r) 184,368
30 Military 1,880(r) 2,612
31 Highway 47,932(r) 46,825
32 Conservation and
development 6,989(r) 5,603
33 Other 128,354(r) 129,328
2000 2001
Item
Dec.(r) Jan.
Private residential
real estate activity
(thousands of units
except as noted)
NEW UNITS
1 Permits authorized 1,507 1,724
2 One-family 1,158 1,287
3 Two-family or more 349 437
4 Started 1,577 1,653
5 One-family 1,298 1,347
6 Two-family or more 279 306
7 Under construction at end
of period(1) 1,005 1,021
8 One-family 683 699
9 Two-family or more 322 322
10 Completed 1,578 1,460
11 One-family 1,265 1,136
12 Two-family or more 313 324
13 Mobile homes shipped 176 164
Merchant builder activity in
one-family units
14 Number sold 986 933
15 Number for sale at end
of period(1) 310 310
Price of units sold (thousands
of dollars)(1)
16 Median 159.9 166.9
17 Average 206.5 204.4
EXISTING UNITS (one-family)
18 Number sold 4,940 5,200
Price of units sold (thousands
of dollars)(2)
19 Median 139.7 137.1
20 Average 178.5 175.8
Value of new construction
millions of dollars)(3)
CONSTRUCTION
21 Total put in place 811,535 829,411
22 Private 625,141 639,196
23 Residential 350,679 355,887
24 Nonresidential 274,462 283,309
25 Industrial buildings 40,716 47,056
26 Commercial buildings 118,987 122,151
27 Other buildings 44,974 47,124
28 Public utilities and
other 69,785 66,978
29 Public 186,393 190,215
30 Military 2,097 2,253
31 Highway 48,073 49,067
32 Conservation and
development 6,330 7,398
33 Other 129,893 131,497
(1.) Not at annual rates.
(2.) Not seasonally adjusted.
(3.) Recent data on value of new construction may not be strictly
comparable with data for previous periods because of changes by
the Bureau of the Census in its estimating techniques.
For a description of these changes, see Construction Reports
(C-30-76-5), issued by the Census Bureau in July 1976.
SOURCE. Bureau of the Census estimates for all series except (1)
mobile homes, which are private, domestic shipments as reported
by the Manufactured Housing Institute and seasonally adjusted
by the Census Bureau, and (2) sales and prices of existing
units, which are published by the National Association of
Realtors. All back and current figures are available from
the originating agency. Permit authorizations are those
reported to the Census Bureau from 19,000 jurisdictions
beginning in 1994.
2.15 CONSUMER AND PRODUCER PRICES
Percentage changes based on seasonally adjusted data except as noted
Change from Change from 3
12 months months earlier
earlier (annual rate)
Item 2000
2000 2001
Feb. Feb. Mar.
CONSUMER PRICES(2)
(1982-84=100)
1 All items 3.2 3.5 5.6
2 Food 1.8 3.0 2.4
3 Energy items 19.9 13.1 43.4
4 All items less food
and energy 2.2 2.7 2.9
5 Commodities .3 .9 1.1
6 Services 2.9 3.6 3.9
PRODUCER PRICES
(1982=100)
7 Finished goods 4.0 4.0 7.9
8 Consumer foods 1.4 2.6 2.7
9 Consumer energy 24.8 18.4 53.1
10 Other consumer
goods 1.5 1.5 .8
11 Capital equipment .4 .9 .9
Intermediate materials
12 Excluding foods
and feeds 5.7 3.5 9.5
13 Excluding energy 2.8 1.3 4.2
Crude materials
14 Foods -.6 7.1 15.0
15 Energy 70.4 48.0 84.9
16 Other 15.6 -10.0 9.9
Change from 3
months earlier
(annual rate)
Item 2000
June Sept. Dec.
CONSUMER PRICES(2)
(1982-84=100)
1 All items 2.4 3.3 2.3
2 Food 1.9 4.1 2.1
3 Energy items 5.6 7.9 3.8
4 All items less food
and energy 2.2 2.9 2.0
5 Commodities -.6 1.7 .0
6 Services 3.4 3.2 3.2
PRODUCER PRICES
(1982=100)
7 Finished goods 2.3 2.0 2.9
8 Consumer foods 3.3 -1.2 2.4
9 Consumer energy 6.5 6.4 13.8
10 Other consumer
goods 1.3 2.4 .3
11 Capital equipment 1.5 1.7 .3
Intermediate materials
12 Excluding foods
and feeds 3.1 3.1 1.2
13 Excluding energy 2.7 .3 -.6
Crude materials
14 Foods -7.3 -8.2 36.0
15 Energy 163.6 20.0 64.0
16 Other -11.9 -8.8 -10.2
Change from 1
month earlier
Item 2000
Oct. Nov. Dec.
CONSUMER PRICES(2)
(1982-84=100)
1 All items .2 .2 .2
2 Food .1 -.1 .5
3 Energy items .5 .2 .3
4 All items less food
and energy .1 .3 .1
5 Commodities -.1 .2 -.1
6 Services .2 .3 .2
PRODUCER PRICES
(1982=100)
7 Finished goods .4 .1 .2
8 Consumer foods .7 .2(r) -.4
9 Consumer energy 1.5(r) .9(r) .8
10 Other consumer
goods .1(r) -.2(r) .2
11 Capital equipment -.1 .0 .1
Intermediate materials
12 Excluding foods
and feeds .2 -.2(r) .2
13 Excluding energy .0 .1 .0
Crude materials
14 Foods 3.1 1.3 3.4
15 Energy 5.9(r) -6.9(r) 14.8
16 Other -.8(r) -2.2(r) .3
Change from 1 Index
month earlier level,
Feb.
Item 2001 2001(1)
Jan. Feb.
CONSUMER PRICES(2)
(1982-84=100)
1 All items .6 .3 175.8
2 Food .3 .5 171.3
3 Energy items 3.9 -.2 132.0
4 All items less food
and energy .3 .3 184.4
5 Commodities .1 .3 145.5
6 Services .4 .3 206.8
PRODUCER PRICES
(1982=100)
7 Finished goods 1.1 .1 141.5
8 Consumer foods .8 .6 139.5
9 Consumer energy 3.8 1.4 103.6
10 Other consumer
goods .8 -.4 155.9
11 Capital equipment .3 -.3 139.7
Intermediate materials
12 Excluding foods
and feeds .8 -.1 132.3
13 Excluding energy .2 .1 137.3
Crude materials
14 Foods 2.2 -1.6 104.5
15 Energy 25.0 -23.3 148.3
16 Other .5 -2.5 136.1
(1.) Not seasonally adjusted.
(2.) Figures for consumer prices are for all urban consumers and
reflect a rental-equivalence measure of homeownership.
SOURCE. U.S. Department of Labor, Bureau of Labor Statistics.
2.16 GROSS DOMESTIC PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data at
seasonally adjusted annual rates
Account 1998 1999 2000(r)
GROSS DOMESTIC PRODUCT
1 Total 8,790.2 9,299.2 9,963.1
By source
2 Personal consumption
expenditures 5,850.9 6,268.7 6,757.3
3 Durable goods 693.9 761.3 820.3
4 Nondurable goods 1,707.6 1,845.5 2,010.0
5 Services 3,449.3 3,661.9 3,927.0
6 Gross private
domestic investment 1,549.9 1,650.1 1,832.7
7 Fixed investment 1,472.9 1,606.8 1,778.2
8 Nonresidential 1,107.5 1,203.1 1,362.2
9 Structures 283.2 285.6 324.2
10 Producers' durable
equipment 824.3 917.4 1,038.0
11 Residential structures 365.4 403.8 416.0
12 Change in business
inventories 77.0 43.3 54.5
13 Nonfarm 76.4 43.6 55.8
14 Net exports of goods
and services -151.5 -254.0 -370.7
15 Exports 966.0 990.2 1,097.3
16 Imports 1,117.5 1,244.2 1,468.0
17 Government consumption
expenditures and
gross investment 1,540.9 1,634.4 1,743.7
18 Federal 540.6 568.6 595.2
19 State and local 1,000.3 1,065.8 1,148.6
By major type of product
20 Final sales, total 8,713.2 9,255.9 9,908.5
21 Goods 3,239.3 3,467.0 3,739.0
22 Durable 1,532.3 1,651.1 1,806.7
23 Nondurable 1,707.1 1,815.8 1,932.3
24 Services 4,673.0 4,934.6 5,254.1
25 Structures 800.9 854.3 915.6
26 Change in business
inventories 77.0 43.3 54.5
27 Durable goods 45.8 27.2 37.2
28 Nondurable goods 31.2 16.1 17.3
MEMO
29 Total GDP in chained
1996 dollars 8,515.7 8,875.8 9,318.5
NATIONAL INCOME
30 Total 7,038.1 7,469.7 8,002.0
31 Compensation of
employees 4,984.2 5,299.8 5,638.2
32 Wages and salaries 4,192.8 4,475.1 4,769.4
33 Government and
government enterprises 692.7 724.4 760.9
34 Other 3,500.1 3,750.7 4,008.5
35 Supplement to wages
and salaries 791.4 824.6 868.8
36 Employer contributions
for social insurance 305.9 323.6 344.8
37 Other labor income 485.5 501.0 524.0
38 Proprietors' income(1) 620.7 663.5 710.4
39 Business and
professional(1) 595.2 638.2 687.8
40 Farm(1) 25.4 25.3 22.6
41 Rental income of
persons(2) 135.4 143.4 140.0
42 Corporate profits(1) 815.0 856.0 946.2
43 Profits before tax(3) 758.2 823.0 925.6
44 Inventory valuation
adjustment 17.0 -9.1 -12.9
45 Capital consumption
adjustment 39.9 42.1 33.5
46 Net interest 482.7 507.1 567.2
1999 2000
Account
Q4 Q1 Q2
GROSS DOMESTIC PRODUCT
1 Total 9,559.7 9,752.7 9,945.7
By source
2 Personal consumption
expenditures 6,446.2 6,621.7 6,706.3
3 Durable goods 787.6 826.3 814.3
4 Nondurable goods 1,910.2 1,963.9 1,997.6
5 Services 3,748.5 3,831.6 3,894.4
6 Gross private
domestic investment 1,723.7 1,755.7 1,852.6
7 Fixed investment 1,651.0 1,725.8 1,780.5
8 Nonresidential 1,242.2 1,308.5 1,359.2
9 Structures 290.4 308.9 315.1
10 Producers' durable
equipment 951.8 999.6 1,044.1
11 Residential structures 408.8 417.3 421.3
12 Change in business
inventories 72.7 29.9 72.0
13 Nonfarm 71.8 32.4 72.2
14 Net exports of goods
and services -299.1 -335.2 -355.4
15 Exports 1,031.0 1,051.9 1,092.9
16 Imports 1,330.1 1,387.1 1,448.3
17 Government consumption
expenditures and
gross investment 1,688.8 1,710.4 1,742.2
18 Federal 591.6 580.1 604.5
19 State and local 1,097.3 1,130.4 1,137.7
By major type of product
20 Final sales, total 9,486.9 9,722.8 9,873.7
21 Goods 3,566.0 3,680.3 3,734.1
22 Durable 1,701.8 1,773.7 1,809.6
23 Nondurable 1,864.1 1,906.6 1,924.5
24 Services 5,050.3 5,135.2 5,231.4
25 Structures 870.7 907.4 908.2
26 Change in business
inventories 72.7 29.9 72.0
27 Durable goods 47.5 20.7 48.3
28 Nondurable goods 25.2 9.2 23.7
MEMO
29 Total GDP in chained
1996 dollars 9,084.1 9,191.8 9,318.9
NATIONAL INCOME
30 Total 7,680.7 7,833.5 7,983.2
31 Compensation of
employees 5,421.1 5,512.2 5,603.5
32 Wages and salaries 4,583.5 4,660.4 4,740.1
33 Government and
government enterprises 734.5 749.9 760.2
34 Other 3,849.0 3,910.5 3,980.0
35 Supplement to wages
and salaries 837.7 851.8 863.3
36 Employer contributions
for social insurance 330.3 337.8 342.9
37 Other labor income 507.4 514.0 520.5
38 Proprietors' income(1) 689.6 693.9 709.5
39 Business and
professional(1) 657.9 674.8 688.1
40 Farm(1) 31.7 19.1 21.5
41 Rental income of
persons(2) 146.2 145.6 140.8
42 Corporate profits(1) 893.2 936.3 963.6
43 Profits before tax(3) 870.7 920.7 942.5
44 Inventory valuation
adjustment -19.2 -25.0 -13.6
45 Capital consumption
adjustment 41.6 40.6 34.7
46 Net interest 530.6 545.4 565.9
2000
Account
Q3 Q4(r)
GROSS DOMESTIC PRODUCT
1 Total 10,039.4 10,114.4
By source
2 Personal consumption
expenditures 6,810.8 6,890.2
3 Durable goods 824.7 815.8
4 Nondurable goods 2,031.5 2,046.9
5 Services 3,954.6 4,027.5
6 Gross private
domestic investment 1,869.3 1,853.3
7 Fixed investment 1,803.0 1,803.5
8 Nonresidential 1,390.6 1,390.4
9 Structures 330.1 342.8
10 Producers' durable
equipment 1,060.5 1,047.6
11 Residential structures 412.4 413.1
12 Change in business
inventories 66.4 49.8
13 Nonfarm 67.5 51.0
14 Net exports of goods
and services -389.5 -402.7
15 Exports 1,130.8 1,113.7
16 Imports 1,520.3 1,516.4
17 Government consumption
expenditures and
gross investment 1,748.8 1,773.6
18 Federal 594.2 602.0
19 State and local 1,154.6 1,171.6
By major type of product
20 Final sales, total 9,973.1 10,064.6
21 Goods 3,776.5 3,764.9
22 Durable 1,830.6 1,812.7
23 Nondurable 1,945.9 1,952.2
24 Services 5,281.6 5,368.0
25 Structures 915.0 931.7
26 Change in business
inventories 66.4 49.8
27 Durable goods 39.2 40.7
28 Nondurable goods 27.2 9.0
MEMO
29 Total GDP in chained
1996 dollars 9,369.5 9,393.7
NATIONAL INCOME
30 Total 8,088.5 8,102.8
31 Compensation of
employees 5,679.6 5,757.5
32 Wages and salaries 4,804.9 4,872.0
33 Government and
government enterprises 765.4 768.2
34 Other 4,039.5 4,103.9
35 Supplement to wages
and salaries 874.7 885.5
36 Employer contributions
for social insurance 347.1 351.5
37 Other labor income 527.6 534.0
38 Proprietors' income(1) 724.8 713.2
39 Business and
professional(1) 693.1 695.2
40 Farm(1) 31.7 18.0
41 Rental income of
persons(2) 138.1 135.4
42 Corporate profits(1) 970.3 914.7
43 Profits before tax(3) 945.1 894.1
44 Inventory valuation
adjustment -4.5 -8.5
45 Capital consumption
adjustment 29.7 29.1
46 Net interest 575.7 582.0
(1.) With inventory valuation and capital consumption adjustments.
(2.) With capital consumption adjustment.
(3.) For after-tax profits, dividends, and the like, see table 1.48.
SOURCE. U.S. Department of Commerce, Survey of Current Business.
2.17 PERSONAL INCOME AND SAVING
Billions of current dollars except as noted; quarterly
data at seasonally adjusted annual rates
Account 1998 1999 2000
PERSONAL INCOME AND SAVING
1 Total personal income 7,391.0 7,789.6 8,281.7
2 Wage and salary
disbursements 4,190.7 4,470.0 4,769.4
3 Commodity-producing
industries 1,038.6 1,089.2 1,153.2
4 Manufacturing 756.6 782.4 815.9
5 Distributive industries 949.1 1,020.3 1,107.3
6 Service industries 1,510.3 1,636.0 1,748.0
7 Government and
government enterprises 692.7 724.4 760.9
8 Other labor income 485.5 501.0 524.0
9 Proprietors' income(1) 620.7 663.5 710.4
10 Business and professional 595.2 638.2 687.8
11 Farm(1) 25.4 25.3 22.6
12 Rental income of persons(2) 135.4 143.4 140.0
13 Dividends 351.1 370.3 396.6
14 Personal interest income 940.8 963.7 1,034.3
15 Transfer payments 983.0 1,016.2 1,067.8
16 Old-age survivors, disability,
and health insurance
benefits 578.0 588.0 622.4
17 LESS: Personal
contributions for
social insurance 316.2 338.5 360.7
18 EQUALS: Personal income 7,391.0 7,789.6 8,281.7
19 LESS: Personal tax and
nontax payments 1,070.9 1,152.0 1,291.9
20 EQUALS: Disposable
personal income 6,320.0 6,637.7 6,989.8
21 LESS: Personal outlays 6,054.7 6,490.1 6,998.3
22 EQUALS: Personal saving 265.4 147.6 -8.5
MEMO
Per capita (chained
1996 dollars)
23 Gross domestic product 31,474.2 32,511.9 33,836.1
24 Personal consumption
expenditures 20,988.5 21,900.4 22,855.1
25 Disposable personal income 22,672.0 23,191.0 23,640.0
26 Saving rate (percent) 4.2 2.2 -.1
GROSS SAVING
27 Gross saving 1,654.4 1,717.6 1,825.1
28 Gross private saving 1,375.7 1,343.5 1,297.1
29 Personal saving 265.4 147.6 -8.5
30 Undistributed corporate
profits(1) 218.9 229.4 265.0
31 Corporate inventory
valuation adjustment 17.0 -9.1 -12.9
Capital consumption
allowances
32 Corporate 624.3 676.9 739.4
33 Noncorporate 265.1 284.5 301.1
34 Gross government saving 278.7 374.1 528.0
35 Federal 137.4 217.3 351.6
36 Consumption of
fixed capital 88.4 92.8 99.8
37 Current surplus or
deficit (-),
national accounts 49.0 124.4 251.8
38 State and local 141.3 156.8 176.4
39 Consumption of
fixed capital 99.5 106.8 116.8
40 Current surplus
or deficit (-),
national accounts 41.7 50.0 59.6
41 Gross investment 1,629.6 1,645.6 1,741.3
42 Gross private
domestic investment 1,549.9 1,650.1 1,832.7
43 Gross government
investment 278.8 308.7 336.6
44 Net foreign investment -199.1 -313.2 -427.9
45 Statistical discrepancy -24.8 -71.9 -83.7
1999 2000
Account
Q4 Q1 Q2
PERSONAL INCOME AND SAVING
1 Total personal income 7,972.3 8,105.8 8,242.1
2 Wage and salary
disbursements 4,578.3 4,660.4 4,740.1
3 Commodity-producing
industries 1,111.2 1,130.9 1,147.1
4 Manufacturing 795.1 802.8 813.1
5 Distributive industries 1,049.4 1,070.9 1,095.7
6 Service industries 1,683.2 1,708.6 1,737.2
7 Government and
government enterprises 734.5 749.9 760.2
8 Other labor income 507.4 514.0 520.5
9 Proprietors' income(1) 689.6 693.9 709.5
10 Business and professional 657.9 674.8 688.1
11 Farm(1) 31.7 19.1 21.5
12 Rental income of persons(2) 146.2 145.6 140.8
13 Dividends 380.2 386.9 392.6
14 Personal interest income 989.0 1,011.6 1,031.3
15 Transfer payments 1,027.4 1,046.9 1,066.1
16 Old-age survivors, disability,
and health insurance
benefits 592.8 607.9 624.3
17 LESS: Personal
contributions for
social insurance 345.9 353.4 358.8
18 EQUALS: Personal income 7,972.3 8,105.8 8,242.1
19 LESS: Personal tax and
nontax payments 1,197.3 1,239.3 1,277.2
20 EQUALS: Disposable
personal income 6,775.0 6,866.5 6,964.9
21 LESS: Personal outlays 6,674.1 6,855.6 6,944.3
22 EQUALS: Personal saving 101.0 11.0 20.6
MEMO
Per capita (chained
1996 dollars)
23 Gross domestic product 33,153.5 33,485.6 33,874.7
24 Personal consumption
expenditures 22,266.4 22,635.5 22,757.7
25 Disposable personal income 23,404.0 23,472.0 23,639.0
26 Saving rate (percent) 1.5 .2 .3
GROSS SAVING
27 Gross saving 1,746.3 1,777.0 1,844.5
28 Gross private saving 1,331.4 1,279.2 1,328.8
29 Personal saving 101.0 11.0 20.6
30 Undistributed corporate
profits(1) 241.7 262.7 278.5
31 Corporate inventory
valuation adjustment -19.2 -25.0 -13.6
Capital consumption
allowances
32 Corporate 694.8 711.5 731.1
33 Noncorporate 288.7 294.1 298.7
34 Gross government saving 414.9 497.7 515.7
35 Federal 238.4 333.0 339.9
36 Consumption of
fixed capital 95.0 97.2 98.9
37 Current surplus or
deficit (-),
national accounts 143.3 235.8 240.9
38 State and local 176.6 164.7 175.8
39 Consumption of
fixed capital 109.9 112.7 115.6
40 Current surplus
or deficit (-),
national accounts 66.6 52.0 60.1
41 Gross investment 1,678.5 1,699.3 1,771.9
42 Gross private
domestic investment 1,723.7 1,755.7 1,852.6
43 Gross government
investment 324.4 334.2 331.9
44 Net foreign investment -369.6 -390.7 -412.5
45 Statistical discrepancy -67.8 -77.7 -72.5
2000
Account
Q3 Q4(r)
PERSONAL INCOME AND SAVING
1 Total personal income 8,349.0 8,429.7
2 Wage and salary
disbursements 4,804.9 4,872.0
3 Commodity-producing
industries 1,161.4 1,173.3
4 Manufacturing 821.4 826.4
5 Distributive industries 1,118.1 1,144.4
6 Service industries 1,760.1 1,786.2
7 Government and
government enterprises 765.4 768.2
8 Other labor income 527.6 534.0
9 Proprietors' income(1) 724.8 713.2
10 Business and professional 693.1 695.2
11 Farm(1) 31.7 18.0
12 Rental income of persons(2) 138.1 135.4
13 Dividends 399.7 407.2
14 Personal interest income 1,042.9 1,051.5
15 Transfer payments 1,074.2 1,084.0
16 Old-age survivors, disability,
and health insurance
benefits 627.2 630.4
17 LESS: Personal
contributions for
social insurance 363.1 367.6
18 EQUALS: Personal income 8,349.0 8,429.7
19 LESS: Personal tax and
nontax payments 1,308.1 1,342.7
20 EQUALS: Disposable
personal income 7,040.9 7,087.0
21 LESS: Personal outlays 7,054.7 7,138.6
22 EQUALS: Personal saving -13.8 -51.6
MEMO
Per capita (chained
1996 dollars)
23 Gross domestic product 33,984.3 33,985.9
24 Personal consumption
expenditures 22,959.1 23,058.3
25 Disposable personal income 23,732.0 23,718.0
26 Saving rate (percent) -.2 -.7
GROSS SAVING
27 Gross saving 1,854.7 1,824.2
28 Gross private saving 1,319.2 1,261.2
29 Personal saving -13.8 -51.6
30 Undistributed corporate
profits(1) 279.6 239.4
31 Corporate inventory
valuation adjustment -4.5 -8.5
Capital consumption
allowances
32 Corporate 750.0 765.2
33 Noncorporate 303.3 308.2
34 Gross government saving 535.5 563.0
35 Federal 354.1 379.3
36 Consumption of
fixed capital 100.8 102.3
37 Current surplus or
deficit (-),
national accounts 253.3 277.0
38 State and local 181.4 183.7
39 Consumption of
fixed capital 118.2 120.6
40 Current surplus
or deficit (-),
national accounts 63.2 63.1
41 Gross investment 1,752.8 1,741.3
42 Gross private
domestic investment 1,869.3 1,853.3
43 Gross government
investment 333.6 346.5
44 Net foreign investment -450.1 -458.5
45 Statistical discrepancy -101.8 -82.9
(1.) With inventory valuation and capital consumption adjustments.
(2.) With capital consumption adjustment.
SOURCE. U.S. Department of Commerce, Survey of Current Business.
3.10 U.S. INTERNATIONAL TRANSACTIONS Summary
Millions of dollars; quarterly data seasonally adjusted
except as noted(1)
Item credits or debits 1998 1999
1 Balance on current account -217,138 -331,479
2 Balance on goods and services -166,898 -264,971
3 Exports 932,977 956,242
4 Imports -1,099,875 -1,221,213
5 Income, net -6,211 -18,483
6 Investment, net -1,036 -13,102
7 Direct 67,728 62,704
8 Portfolio -68,764 -75,806
9 Compensation of employees -5,175 -5,381
10 Unilateral current
transfers, net -44,029 -48,025
11 Change in U.S. government
assets other than
official reserve assets,
net (increase, -) -422 2,751
12 Change in U.S. official reserve
assets (increase, -) -6,783 8,747
13 Gold 0 0
14 Special drawing rights (SDRs) -147 10
15 Reserve position in
International Monetary
Fund -5,119 5,484
16 Foreign currencies -1,517 3,253
17 Change in U.S. private
assets abroad
(increase, -) -328,231 -441,685
18 Bank-reported claims' -35,572 -69,862
19 Nonbank-reported claims -10,612 -92,328
20 U.S. purchases of foreign
securities, net -135,995 -128,594
21 U.S. direct investments
abroad, net -146,052 -150,901
22 Change in foreign official
assets in United States
(increase, ) -20,127 42,864
23 U.S. Treasury securities -9,921 12,177
24 Other U.S. government
obligations 6,332 20,350
25 Other U.S. government
liabilities(2) -3,550 -3,255
26 Other U.S. liabilities
reported by U.S.
banks(2) -9,501 12,692
27 Other foreign official
assets(3) -3,487 900
28 Change in foreign private
assets in United
States (increase, ) 502,362 710,700
29 U.S. bank-reported
liabilities(4) 39,769 67,403
30 U.S. nonbank-reported
liabilities -7,001 34,298
31 Foreign private
purchases of
U.S. Treasury
securities, net 48,581 -20,464
32 U.S. currency flows 16,622 22,407
33 Foreign purchases of other
U.S. securities, net 218,075 331,523
34 Foreign direct investments
in United States, net 186,316 275,533
35 Capital account transactions,
net(5) 637 -3,500
36 Discrepancy 69,702 11,602
37 Due to seasonal adjustment ... ...
38 Before seasonal adjustment 69,702 11,602
MEMO
Changes in official assets
39 U.S. official reserve
assets (increase, -) -6,783 8,747
40 Foreign official assets
in United States,
excluding line 25
(increase, ) -16,577 46,119
41 Change in Organization of
Petroleum Exporting
Countries official
assets in United
States (part of line 22) -11,531 1,331
1999
Item credits or debits 2000
Q4
1 Balance on current account -435,377 -96,223
2 Balance on goods and services -368,480 -76,280
3 Exports 1,069,531 249,653
4 Imports -1,438,011 -325,933
5 Income, net -13,656 -5,683
6 Investment, net -8,142 -4,319
7 Direct 83,776 16,275
8 Portfolio -91,918 -20,594
9 Compensation of employees -5,514 -1,364
10 Unilateral current
transfers, net -53,241 -14,260
11 Change in U.S. government
assets other than
official reserve assets,
net (increase, -) -715 3,711
12 Change in U.S. official reserve
assets (increase, -) -290 1,569
13 Gold 0 0
14 Special drawing rights (SDRs) -722 -178
15 Reserve position in
International Monetary
Fund 2,308 1,800
16 Foreign currencies -1,876 -53
17 Change in U.S. private
assets abroad
(increase, -) -552,344 -120,162
18 Bank-reported claims' -110,173 -45,304
19 Nonbank-reported claims -156,988 -24,428
20 U.S. purchases of foreign
securities, net -123,606 -17,150
21 U.S. direct investments
abroad, net -161,577 -33,280
22 Change in foreign official
assets in United States
(increase, ) 35,909 27,495
23 U.S. Treasury securities -11,377 5,122
24 Other U.S. government
obligations 40,909 6,730
25 Other U.S. government
liabilities(2) -2,540 89
26 Other U.S. liabilities
reported by U.S.
banks(2) 5,790 14,427
27 Other foreign official
assets(3) 3,127 1,127
28 Change in foreign private
assets in United
States (increase, ) 916,521 157,072
29 U.S. bank-reported
liabilities(4) 79,485 19,618
30 U.S. nonbank-reported
liabilities 105,728 792
31 Foreign private
purchases of
U.S. Treasury
securities, net -52,206 -17,191
32 U.S. currency flows 1,129 12,213
33 Foreign purchases of other
U.S. securities, net 465,858 92,250
34 Foreign direct investments
in United States, net 316,527 49,390
35 Capital account transactions,
net(5) 680 -3,993
36 Discrepancy 35,616 30,531
37 Due to seasonal adjustment ... 5,738
38 Before seasonal adjustment 35,616 24,793
MEMO
Changes in official assets
39 U.S. official reserve
assets (increase, -) -290 1,569
40 Foreign official assets
in United States,
excluding line 25
(increase, ) 38,449 27,406
41 Change in Organization of
Petroleum Exporting
Countries official
assets in United
States (part of line 22) 11,989 -1,673
2000
Item credits or debits
Q1 Q2
1 Balance on current account -101,768(r) -105,239(r)
2 Balance on goods and services -85,260(r) -88,745(r)
3 Exports 255,936(r) 265,925(r)
4 Imports -341,196(r) -354,670(r)
5 Income, net -4,421(r) -4,160(r)
6 Investment, net -3,050(r) -2,769(r)
7 Direct 17,026(r) 18,973(r)
8 Portfolio -20,076(r) -21,742(r)
9 Compensation of employees -1,371(r) -1,391(r)
10 Unilateral current
transfers, net -12,087(r) -12,334(r)
11 Change in U.S. government
assets other than
official reserve assets,
net (increase, -) -131 -574
12 Change in U.S. official reserve
assets (increase, -) -554 2,020
13 Gold 0 0
14 Special drawing rights (SDRs) -180 -180
15 Reserve position in
International Monetary
Fund -237 2,328
16 Foreign currencies -137 -128
17 Change in U.S. private
assets abroad
(increase, -) -178,262 -93,859(r)
18 Bank-reported claims' -55,511 18,320
19 Nonbank-reported claims -52,563 -36,507
20 U.S. purchases of foreign
securities, net -27,236 -38,196
21 U.S. direct investments
abroad, net -42,952(r) -37,476(r)
22 Change in foreign official
assets in United States
(increase, ) 22,015 6,346
23 U.S. Treasury securities 16,198 -4,000
24 Other U.S. government
obligations 8,107 10,334
25 Other U.S. government
liabilities(2) -644 -781
26 Other U.S. liabilities
reported by U.S.
banks(2) -2,577 -111
27 Other foreign official
assets(3) 931 904
28 Change in foreign private
assets in United
States (increase, ) 214,623(r) 238,906(r)
29 U.S. bank-reported
liabilities(4) -8,824 46,943
30 U.S. nonbank-reported
liabilities 58,061 24,038
31 Foreign private
purchases of
U.S. Treasury
securities, net -9,248 -20,597
32 U.S. currency flows -6,847 989
33 Foreign purchases of other
U.S. securities, net 132,416 87,107
34 Foreign direct investments
in United States, net 49,065(r) 100,426(r)
35 Capital account transactions,
net(5) 166 170
36 Discrepancy 43,911(r) -47,770(r)
37 Due to seasonal adjustment 5,873(r) -2,361(r)
38 Before seasonal adjustment 38,038 -45,409
MEMO
Changes in official assets
39 U.S. official reserve
assets (increase, -) -554 2,020
40 Foreign official assets
in United States,
excluding line 25
(increase, ) 22,659 7,127
41 Change in Organization of
Petroleum Exporting
Countries official
assets in United
States (part of line 22) 6,109 1,913
2000
Item credits or debits
Q3(r) Q4(p)
1 Balance on current account -113,110 -115,266
2 Balance on goods and services -95,630 -98,853
3 Exports 275,411 272,256
4 Imports -371,041 -371,109
5 Income, net -4,531 -541
6 Investment, net -3,184 864
7 Direct 21,537 26,241
8 Portfolio -24,721 -25,377
9 Compensation of employees -1,347 -1,405
10 Unilateral current
transfers, net -12,949 -15,872
11 Change in U.S. government
assets other than
official reserve assets,
net (increase, -) 114 -124
12 Change in U.S. official reserve
assets (increase, -) -346 -1,410
13 Gold 0 0
14 Special drawing rights (SDRs) -182 -180
15 Reserve position in
International Monetary
Fund 1,300 -1,083
16 Foreign currencies -1,464 -147
17 Change in U.S. private
assets abroad
(increase, -) -93,188 -187,032
18 Bank-reported claims' -5,964 -67,018
19 Nonbank-reported claims -17,807 -50,111
20 U.S. purchases of foreign
securities, net -33,242 -24,932
21 U.S. direct investments
abroad, net -36,175 -44,971
22 Change in foreign official
assets in United States
(increase, ) 11,901 -4,353
23 U.S. Treasury securities -9,001 -14,574
24 Other U.S. government
obligations 14,272 8,196
25 Other U.S. government
liabilities(2) -620 -495
26 Other U.S. liabilities
reported by U.S.
banks(2) 6,938 1,540
27 Other foreign official
assets(3) 312 980
28 Change in foreign private
assets in United
States (increase, ) 183,424 279,564
29 U.S. bank-reported
liabilities(4) -1,394 42,760
30 U.S. nonbank-reported
liabilities 1,506 22,123
31 Foreign private
purchases of
U.S. Treasury
securities, net -12,513 -9,848
32 U.S. currency flows 757 6,230
33 Foreign purchases of other
U.S. securities, net 122,387 123,948
34 Foreign direct investments
in United States, net 72,681 94,351
35 Capital account transactions,
net(5) 167 177
36 Discrepancy 11,038 28,444
37 Due to seasonal adjustment -9,215 5,710
38 Before seasonal adjustment 20,253 22,734
MEMO
Changes in official assets
39 U.S. official reserve
assets (increase, -) -346 -1,410
40 Foreign official assets
in United States,
excluding line 25
(increase, ) 12,521 -3,858
41 Change in Organization of
Petroleum Exporting
Countries official
assets in United
States (part of line 22) 3,803 164
(1.) Seasonal factors are not calculated for lines 11-16, 18-20,
22-35, and 38-41.
(2.) Associated primarily with military sales contracts and other
transactions arranged with or through foreign official agencies.
(3.) Consists of investments in U.S. corporate stocks and in debt
securities of private corporations and state and local governments.
(4.) Reporting banks included all types of depository institutions
as well as some brokers and dealers.
(5.) Consists of capital transfers (such as those of accompanying
migrants entering or leaving the country and debt forgiveness) and
the acquisition and disposal of nonproduced nonfinancial assets.
SOURCE. U.S. Department of Commerce, Bureau of Economic Analysis,
Survey of Current Business.
3.11 U.S. FOREIGN TRADE(1)
Millions of dollars; monthly data seasonally adjusted
Item 1998 1999 2000
1 Goods and services, balance -166,898 -264,971 -368,865
2 Merchandise -246,854 -345,559 -449,853
3 Services 79,956 80,588 80,988
4 Goods and services, exports 932,977 956,242 1,068,741
5 Merchandise 670,324 684,358 772,514
6 Services 262,653 271,884 296,227
7 Goods and services, imports 1,099,875 1,221,213 1,437,606
8 Merchandise 917,178 1,029,917 1,222,367
9 Services 182,697 191,296 215,239
2000
Item
July Aug. Sept.
1 Goods and services, balance -32,129 -29,951 -33,546
2 Merchandise -38,590 -36,750 -39,395
3 Services 6,461 6,799 5,849
4 Goods and services, exports 89,742 92,883 92,793
5 Merchandise 65,075 67,952 67,815
6 Services 24,667 24,931 24,978
7 Goods and services, imports -121,871 -122,834 -126,339
8 Merchandise -103,665 -104,702 -107,210
9 Services -18,206 -18,132 -19,129
2000
Item
Oct. Nov.
1 Goods and services, balance -33,168 -32,875
2 Merchandise -39,954 -39,124
3 Services 6,786 6,249
4 Goods and services, exports 91,425 90,825
5 Merchandise 66,325 65,850
6 Services 25,100 24,975
7 Goods and services, imports -124,593 -123,700
8 Merchandise -106,279 -104,974
9 Services -18,314 -18,726
2000 2001
Item
Dec. Jan.(p)
1 Goods and services, balance -33,199 -33,262
2 Merchandise -39,569 -39,500
3 Services 6,370 6,238
4 Goods and services, exports 89,201 89,650
5 Merchandise 64,114 64,705
6 Services 25,087 24,945
7 Goods and services, imports -122,400 -122,912
8 Merchandise -103,683 -104,205
9 Services -18,717 -18,707
(1.) Data show monthly values consistent with quarterly figures in
the U.S. balance of payments accounts.
SOURCE. FT900, U.S. Department of Commerce, Bureau of the Census
and Bureau of Economic Analysis.
3.12 U.S. RESERVE ASSETS
Millions of dollars, end of period
2000
Asset 1997 1998 1999
Aug.
1 Total 69,954 81,761 71,516 65,333
2 Gold stock(1) 11,047 11,046 11,048 11,046
3 Special drawing
rights(2,3) 10,027 10,603 10,336 10,371
4 Reserve position in
International
Monetary Fund(2) 18,071 24,111 17,950 13,798
5 Foreign currencies(4) 30,809 36,001 32,182 30,118
2000
Asset
Sept. Oct. Nov. Dec.
1 Total 66,256 65,257 65,523 67,647
2 Gold stock(1) 11,046 11,046 11,046 11,046
3 Special drawing
rights(2,3) 10,316 10,169 10,369 10,539
4 Reserve position in
International
Monetary Fund(2) 13,685 13,528 13,491 14,824
5 Foreign currencies(4) 31,209 30,514 30,617 31,238
2001
Asset
Jan. Feb. Mar.(p)
1 Total 67,542 66,486 64,222
2 Gold stock(1) 11,046 11,046 11,046
3 Special drawing
rights(2,3) 10,497 10,641 10,379
4 Reserve position in
International
Monetary Fund(2) 15,079 14,107 13,177
5 Foreign currencies(4) 30,920 30,692 29,020
(1.) Gold held "under earmark" at Federal Reserve Banks for foreign
and international accounts is not included in the gold stock of the
United States; see table 3.13, line 3. Gold stock is valued at
$42.22 per fine troy ounce.
(2.) Special drawing rights (SDRs) are valued according to a
technique adopted by the International Monetary Fund (IMF) in July
1974. Values are based on a weighted average of exchange rates for
the currencies of member countries. From July 1974 through December
1980, sixteen currencies were used; since January 1981, five
currencies have been used. U.S. SDR holdings and reserve positions
in the IMF also have been valued on this basis since July 1974.
(3.) Includes allocations of SDRs by the International Monetary
Fund on Jan. 1 of the year indicated, as follows: 1970--$867 million;
1971--$717 million; 1972--$710 million; 1979--$1,139 million;
1980--$1,152 million; 1981--$1,093 million; plus net transactions
in SDRs.
(4.) Valued at current market exchange rates.
3.13 FOREIGN OFFICIAL ASSETS HELD AT FEDERAL RESERVE BANKS(1)
Millions of dollars, end of period
2000
Asset 1997 1998 1999
Aug.
1 Deposits 457 167 71 78
Held in custody
2 U.S. Treasury
securities(2) 620,885 607,574 632,482 628,001
3 Earmarked gold(3) 10,763 10,343 9,933 9,674
2000
Asset
Sept. Oct. Nov. Dec.
1 Deposits 139 115 104 215
Held in custody
2 U.S. Treasury
securities(2) 611,641 595,591 591,071 594,094
3 Earmarked gold(3) 9,620 9,565 9,505 9,451
2001
Asset
Jan. Feb. Mar.(p)
1 Deposits 199 196 70
Held in custody
2 U.S. Treasury
securities(2) 594,694 603,906 609,440
3 Earmarked gold(3) 9,397 9,343 9,289
(1.) Excludes deposits and U.S. Treasury securities held for
international and regional organizations.
(2.) Marketable U.S. Treasury bills, notes, and bonds and
nonmarketable U.S. Treasury securities, in each case measured
at face (not market) value.
(3.) Held in foreign and international accounts and valued at $42.22
per fine troy ounce; not included in the gold stock of the United
States.
3.15 SELECTED U.S. LIABILITIES TO FOREIGN OFFICIAL INSTITUTIONS
Millions of dollars, end of period
2000
Item 1998 1999
July
1 Total(1) 759,928 806,318 848,281
By type
2 Liabilities reported
by banks in the United
States(2) 125,883 138,847 141,163
3 U.S. Treasury bills
and certificates(3) 134,177 156,177 160,093
U.S. Treasury bonds
and notes
4 Marketable 432,127 422,266 433,190
5 Nonmarketable(4) 6,074 6,111 5,180
6 U.S. securities other
than U.S. Treasury
securities(5) 61,667 82,917 108,655
By area
7 Europe(1) 256,026 244,805 258,352
8 Canada 10,552 12,503 13,728
9 Latin America and
Caribbean 79,503 73,518 74,246
10 Asia 400,631 463,703 487,417
11 Africa 10,059 7,523 8,656
12 Other countries 3,157 4,266 5,882
2000
Item
Aug. Sept. Oct.
1 Total(1) 850,445 849,206 850,116
By type
2 Liabilities reported
by banks in the United
States(2) 138,259 143,670 146,452
3 U.S. Treasury bills
and certificates(3) 159,781 155,498 155,101
U.S. Treasury bonds
and notes
4 Marketable 433,639 427,013 419,863
5 Nonmarketable(4) 5,213 5,247 5,280
6 U.S. securities other
than U.S. Treasury
securities(5) 113,553 117,778 123,420
By area
7 Europe(1) 256,275 258,138 264,131
8 Canada 12,692 12,821 12,632
9 Latin America and
Caribbean 76,983 77,568 77,526
10 Asia 490,110 486,890 481,344
11 Africa 8,707 8,466 8,323
12 Other countries 5,678 5,323 6,160
2000 2001
Item
Nov. Dec. Jan.(p)
1 Total(1) 849,049 845,926 867,344
By type
2 Liabilities reported
by banks in the United
States(2) 147,631 144,650 155,294
3 U.S. Treasury bills
and certificates(3) 155,061 153,010 158,967
U.S. Treasury bonds
and notes
4 Marketable 414,896 415,964 418,190
5 Nonmarketable(4) 5,313 5,348 5,383
6 U.S. securities other
than U.S. Treasury
securities(5) 126,148 126,954 129,510
By area
7 Europe(1) 262,099 253,592 259,829
8 Canada 11,744 12,394 11,220
9 Latin America and
Caribbean 78,742 76,812 80,577
10 Asia 481,094 488,168 499,924
11 Africa 8,012 9,165 8,965
12 Other countries 7,358 5,795 6,829
(1.) Includes the Bank for International Settlements.
(2.) Principally demand deposits, time deposits, bankers acceptances,
commercial paper, negotiable time certificates of deposit, and
borrowings under repurchase agreements.
(3.) Includes nonmarketable certificates of indebtedness and
Treasury bills issued to official institutions of foreign countries.
(4.) Excludes notes issued to foreign official nonreserve agencies.
Includes current value of zero-coupon Treasury bond issues to
foreign governments as follows: Mexico, beginning March 1988,
20-year maturity issue and beginning March 1990, 30-year maturity
issue; Venezuela, beginning December 1990, 30-year maturity issue;
Argentina, beginning April 1993, 30-year maturity issue.
(5.) Debt securities of U.S. government corporations and federally
sponsored agencies, and U.S. corporate stocks and bonds.
SOURCE. Based on U.S. Department of the Treasury data and on data
reported to the department by banks (including Federal Reserve Banks)
and securities dealers in the United States, and on the 1994
benchmark survey of foreign portfolio investment in the United States.
3.16 LIABILITIES TO, AND CLAIMS ON, FOREIGNERS Reported by Banks
in the United States(1) Payable in Foreign Currencies
Millions of dollars, end of period
Item 1997 1998 1999
1 Banks' liabilities 117,524 101,125 88,537
2 Banks' claims 83,038 78,162 67,365
3 Deposits 28,661 45,985 34,426
4 Other claims 54,377 32,177 32,939
5 Claims of banks'
domestic customers(2) 8,191 20,718 20,826
2000
Item
Mar. June Sept. Dec.
1 Banks' liabilities 85,649 85,842 78,852(r) 76,120
2 Banks' claims 63,492 67,862 60,355 56,867
3 Deposits 32,967 31,224 25,847 22,907
4 Other claims 30,525 36,638 34,508 33,960
5 Claims of banks'
domestic customers(2) 21,753 18,802 19,123 29,782
(1.) Data on claims exclude foreign currencies held by U.S. monetary
authorities.
(2.) Assets owned by customers of the reporting bank located in the
United States that represent claims on foreigners held by reporting
banks for the accounts of the domestic customers.
3.17 LIABILITIES TO FOREIGNERS reported by Banks in the United
States(1) Payable in U.S. dollars
Millions of dollars, end of period
Item 1998 1999
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,347,837(r) 1,408,740(r)
2 Banks' own liabilities 884,939(r) 971,536(r)
3 Demand deposits 29,558 42,884
4 Time deposits(2) 151,761 163,620
5 Other(3) 140,752 155,853
6 Own foreign offices(4) 562,868(r) 609,179(r)
7 Banks' custodial
liabilities(5) 462,898 437,204
8 U.S. Treasury
bills and
certificates(6) 183,494 185,676
9 Short-term agency
securities(7) n.a. n.a.
10 Other negotiable
and readily
transferable
instruments(8) 141,699 132,617
11 Other 137,705 118,911
12 Nonmonetary international
and regional
organizations(9) 11,883 15,276
13 Banks' own liabilities 10,850 14,357
14 Demand deposits 172 98
15 Time deposits(2) 5,793 10,349
16 Other(3) 4,885 3,910
17 Banks' custodial
liabilities(5) 1,033 919
18 U.S. Treasury
bills and
certificates(6) 636 680
19 Short-term agency
19 securities(7) n.a. n.a.
20 Other negotiable
and readily
transferable
instruments(8) 397 233
21 Other 0 6
22 Official institutions(10) 260,060 295,024
23 Banks' own liabilities 80,256 97,615
24 Demand deposits 3,003 3,341
25 Time deposits(2) 29,506 28,942
26 Other(3) 47,747 65,332
27 Banks' custodial
liabilities(5) 179,804 197,409
28 U.S. Treasury bills
and certificates(6) 134,177 156,177
29 Short-term agency
securities(7) n.a. n.a.
30 Other negotiable
and readily
transferable
instruments(8) 44,953 41,182
31 Other 674 50
32 Banks(11) 885,336 900,379
33 Banks' own liabilities 676,057 728,492
34 Unaffiliated foreign
banks 113,189 119,313
35 Demand deposits 14,071 17,583
36 Time deposits(2) 45,904 48,140
37 Other(3) 53,214 53,590
38 Own foreign offices(4) 562,868 609,179
39 Banks' custodial
liabilities(5) 209,279 171,887
40 U.S. Treasury
bills and
certificates(6) 35,359 16,796
41 Short-term agency
securities(7) n.a. n.a.
42 Other negotiable
and readily
transferable
instruments(8) 45,332 45,695
43 Other 128,588 109,396
44 Other foreigners 190,558 198,061
45 Banks' own liabilities 117,776 131,072
46 Demand deposits 12,312 21,862
47 Time deposits(2) 70,558 76,189
48 Other(3) 34,906 33,021
49 Banks' custodial
liabilities(5) 72,782 66,989
50 U.S. Treasury
bills and
certificates(6) 13,322 12,023
51 Short-term agency
securities(7) n.a. n.a.
52 Other negotiable
and readily
transferable
instruments(8) 51,017 45,507
53 Other 8,443 9,459
MEMO
54 Negotiable time
certificates of
deposit in custody
for foreigners 27,026 30,345
55 Repurchase agreements(7) n.a. n.a.
AREA
56 Total, all foreigners 1,347,837 1,408,740
57 Foreign countries 1,335,954 1,393,464
58 Europe 427,375 441,810
59 Austria 3,178 2,789
60 Belgium(12) 42,818 44,692
61 Denmark 1,437 2,196
62 Finland 1,862 1,658
63 France 44,616 49,790
64 Germany 21,357 24,753
65 Greece 2,066 3,748
66 Italy 7,103 6,775
67 Luxembourg(12) n.a. n.a.
68 Netherlands 10,793 8,143
69 Norway 710 1,327
70 Portugal 3,236 2,228
71 Russia 2,439 5,475
72 Spain 15,781 10,426
73 Sweden 3,027 4,652
74 Switzerland 50,654 63,485
75 Turkey 4,286 7,842
76 United Kingdom 181,554 172,687
77 Channel Islands &
Isle of Man(13) n.a. n.a.
78 Yugoslavia(14) 233 286
79 Other Europe and
other former
U.S.S.R.(15) 30,225 28,858
80 Canada 30,212 34,214
81 Latin America 121,327 117,495
82 Argentina 19,014 18,633
83 Brazil 15,815 12,865
84 Chile 5,015 7,008
85 Colombia 4,624 5,669
86 Ecuador 1,572 1,956
87 Guatemala 1,336 1,626
88 Mexico 37,157 30,717
89 Panama 3,864 4,415
90 Peru 840 1,142
91 Uruguay 2,486 2,386
92 Venezuela 19,894 20,192
93 Other Latin
America(16) 9,710 10,886
94 Caribbean 433,539 461,200
95 Bahamas 118,085 135,811
96 Bermuda 6,846 7,874
97 British West
Indies(17) 302,486 312,278
98 Caymen Islands(17) n.a. n.a.
99 Cuba 62 75
100 Jamaica 577 520
101 Netherlands Antilles 5,010 4,047
102 Trinidad and Tobago 473 595
103 Other Caribbean(16) n.a. n.a.
104 Asia 307,960 319,489
China
105 Mainland 13,441 12,325
106 Taiwan 12,708 13,603
107 Hong Kong 20,900 27,701
108 India 5,250 7,367
109 Indonesia 8,282 6,567
110 Israel 7,749 7,488
111 Japan 168,563 159,075
112 Korea (South) 12,524 12,988
113 Philippines 3,324 3,268
114 Thailand 7,359 6,050
115 Middle Eastern
oil-exporting
countries(18) 15,609 21,314
116 Other 32,251 41,743
117 Africa 8,905 9,468
118 Egypt 1,339 2,022
119 Morocco 97 179
120 South Africa 1,522 1,495
121 Congo (formerly Zaire) 5 14
122 Oil-exporting
countries(19) 3,088 2,914
123 Other 2,854 2,844
124 Other Countries 6,636 9,788
125 Australia 5,495 8,377
126 New Zealand(20) n.a. n.a.
127 All other 1,141 1,411
128 Nonmonetary
international and
regional organizations 11,883 15,276
129 International(21) 10,221 12,876
130 Latin American
regional(22) 594 1,150
131 Other regional(23) 1,068 1,250
2000
Item 2000
July
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,523,669(r) 1,480,320(r)
2 Banks' own liabilities 1,049,070(r) 1,050,469(r)
3 Demand deposits 33,553 34,914
4 Time deposits(2) 191,791 186,485
5 Other(3) 173,233 172,466
6 Own foreign offices(4) 650,493(r) 656,604(r)
7 Banks' custodial
liabilities(5) 474,599 429,851
8 U.S. Treasury
bills and
certificates(6) 177,742 182,699
9 Short-term agency
securities(7) n.a. n.a.
10 Other negotiable
and readily
transferable
instruments(8) 144,858 120,624
11 Other 151,999 126,528
12 Nonmonetary international
and regional
organizations(9) 12,560 16,689
13 Banks' own liabilities 12,158 16,294
14 Demand deposits 41 30
15 Time deposits(2) 6,264 10,305
16 Other(3) 5,853 5,959
17 Banks' custodial
liabilities(5) 402 395
18 U.S. Treasury
bills and
certificates(6) 252 371
19 Short-term agency
19 securities(7) n.a. n.a.
20 Other negotiable
and readily
transferable
instruments(8) 149 21
21 Other 1 3
22 Official institutions(10) 297,660 301,256
23 Banks' own liabilities 97,052 94,275
24 Demand deposits 3,950 4,063
25 Time deposits(2) 35,638 35,537
26 Other(3) 57,464 54,675
27 Banks' custodial
liabilities(5) 200,608 206,981
28 U.S. Treasury bills
and certificates(6) 153,010 160,093
29 Short-term agency
securities(7) n.a. n.a.
30 Other negotiable
and readily
transferable
instruments(8) 47,360 46,363
31 Other 238 525
32 Banks(11) 981,552 954,566
33 Banks' own liabilities 789,052 791,432
34 Unaffiliated foreign
banks 138,559 134,828
35 Demand deposits 15,532 17,508
36 Time deposits(2) 67,498 60,703
37 Other(3) 55,529 56,617
38 Own foreign offices(4) 650,493 656,604
39 Banks' custodial
liabilities(5) 192,500 163,134
40 U.S. Treasury
bills and
certificates(6) 15,919 12,657
41 Short-term agency
securities(7) n.a. n.a.
42 Other negotiable
and readily
transferable
instruments(8) 35,104 34,018
43 Other 141,477 116,459
44 Other foreigners 231,897 207,809
45 Banks' own liabilities 150,808 148,468
46 Demand deposits 14,030 13,313
47 Time deposits(2) 82,391 79,940
48 Other(3) 54,387 55,215
49 Banks' custodial
liabilities(5) 81,089 59,341
50 U.S. Treasury
bills and
certificates(6) 8,561 9,578
51 Short-term agency
securities(7) n.a. n.a.
52 Other negotiable
and readily
transferable
instruments(8) 62,245 40,222
53 Other 10,283 9,541
MEMO
54 Negotiable time
certificates of
deposit in custody
for foreigners 34,088 26,186
55 Repurchase agreements(7) n.a. n.a.
AREA
56 Total, all foreigners 1,523,669 1,480,320
57 Foreign countries 1,511,108 1,463,671
58 Europe 449,152 479,531
59 Austria 2,724 3,239
60 Belgium(12) 33,401 33,282
61 Denmark 3,001 3,521
62 Finland 1,412 1,751
63 France 37,840 42,379
64 Germany 35,535 26,484
65 Greece 2,013 2,917
66 Italy 5,079 5,700
67 Luxembourg(12) n.a. n.a.
68 Netherlands 7,485 12,313
69 Norway 2,305 2,337
70 Portugal 2,404 2,169
71 Russia 19,020 14,960
72 Spain 7,801 8,829
73 Sweden 6,498 5,100
74 Switzerland 74,732 76,255
75 Turkey 7,548 8,341
76 United Kingdom 169,484 196,978
77 Channel Islands &
Isle of Man(13) n.a. n.a.
78 Yugoslavia(14) 276 277
79 Other Europe and
other former
U.S.S.R.(15) 30,594 32,699
80 Canada 31,059 37,231
81 Latin America 121,719 117,727
82 Argentina 19,493 19,092
83 Brazil 10,953 11,950
84 Chile 5,895 5,440
85 Colombia 4,555 4,627
86 Ecuador 2,119 2,219
87 Guatemala 1,637 1,730
88 Mexico 33,157 33,379
89 Panama 4,292 3,353
90 Peru 1,435 1,097
91 Uruguay 3,006 2,179
92 Venezuela 24,779 21,462
93 Other Latin
America(16) 10,398 11,199
94 Caribbean 580,562 523,062
95 Bahamas 189,454 167,569
96 Bermuda 9,695 7,074
97 British West
Indies(17) 374,107 339,700
98 Caymen Islands(17) n.a. n.a.
99 Cuba 90 124
100 Jamaica 815 725
101 Netherlands Antilles 5,496 7,164
102 Trinidad and Tobago 905 706
103 Other Caribbean(16) n.a. n.a.
104 Asia 306,412 285,018
China
105 Mainland 16,538 9,385
106 Taiwan 17,690 13,156
107 Hong Kong 26,768 25,675
108 India 4,532 5,712
109 Indonesia 8,524 7,342
110 Israel 8,055 5,794
111 Japan 150,434 147,549
112 Korea (South) 7,967 8,618
113 Philippines 2,430 1,649
114 Thailand 3,129 3,900
115 Middle Eastern
oil-exporting
countries(18) 23,760 22,195
116 Other 36,585 34,043
117 Africa 10,836 9,739
118 Egypt 2,622 1,780
119 Morocco 139 118
120 South Africa 1,011 792
121 Congo (formerly Zaire) 4 5
122 Oil-exporting
countries(19) 4,052 4,258
123 Other 3,008 2,786
124 Other Countries 11,368 11,363
125 Australia 10,090 10,346
126 New Zealand(20) n.a. n.a.
127 All other 1,278 1,017
128 Nonmonetary
international and
regional organizations 12,561 16,689
129 International(21) 11,288 15,295
130 Latin American
regional(22) 740 786
131 Other regional(23) 533 608
2000
Item
Aug. Sept.
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,444,533(r) 1,453,643(r)
2 Banks' own liabilities 1,013,471(r) 1,027,138(r)
3 Demand deposits 30,101 31,964
4 Time deposits(2) 184,821 184,823
5 Other(3) 174,021 174,473
6 Own foreign offices(4) 624,528(r) 635,878(r)
7 Banks' custodial
liabilities(5) 431,062 426,505
8 U.S. Treasury
bills and
certificates(6) 180,925 174,604
9 Short-term agency
securities(7) n.a. n.a.
10 Other negotiable
and readily
transferable
instruments(8) 119,212 120,296
11 Other 130,925 131,605
12 Nonmonetary international
and regional
organizations(9) 14,630 15,658
13 Banks' own liabilities 14,377 15,404
14 Demand deposits 26 19
15 Time deposits(2) 9,062 7,627
16 Other(3) 5,289 7,758
17 Banks' custodial
liabilities(5) 253 254
18 U.S. Treasury
bills and
certificates(6) 217 223
19 Short-term agency
19 securities(7) n.a. n.a.
20 Other negotiable
and readily
transferable
instruments(8) 26 26
21 Other 10 5
22 Official institutions(10) 298,040 299,168
23 Banks' own liabilities 92,255 95,709
24 Demand deposits 4,573 5,213
25 Time deposits(2) 32,639 36,699
26 Other(3) 55,043 53,797
27 Banks' custodial
liabilities(5) 205,785 203,459
28 U.S. Treasury bills
and certificates(6) 159,781 155,498
29 Short-term agency
securities(7) n.a. n.a.
30 Other negotiable
and readily
transferable
instruments(8) 45,644 47,660
31 Other 360 301
32 Banks(11) 920,591 926,474
33 Banks' own liabilities 753,503 761,767
34 Unaffiliated foreign
banks 128,975 125,889
35 Demand deposits 11,959 12,918
36 Time deposits(2) 62,841 59,958
37 Other(3) 54,175 53,013
38 Own foreign offices(4) 624,528 635,878
39 Banks' custodial
liabilities(5) 167,088 164,707
40 U.S. Treasury
bills and
certificates(6) 12,251 10,667
41 Short-term agency
securities(7) n.a. n.a.
42 Other negotiable
and readily
transferable
instruments(8) 33,893 32,679
43 Other 120,944 121,361
44 Other foreigners 211,272 212,343
45 Banks' own liabilities 153,336 154,258
46 Demand deposits 13,543 13,814
47 Time deposits(2) 80,279 80,539
48 Other(3) 59,514 59,905
49 Banks' custodial
liabilities(5) 57,936 58,085
50 U.S. Treasury
bills and
certificates(6) 8,676 8,216
51 Short-term agency
securities(7) n.a. n.a.
52 Other negotiable
and readily
transferable
instruments(8) 39,649 39,931
53 Other 9,611 9,938
MEMO
54 Negotiable time
certificates of
deposit in custody
for foreigners 25,911 25,991
55 Repurchase agreements(7) n.a. n.a.
AREA
56 Total, all foreigners 1,444,533 1,453,643
57 Foreign countries 1,429,903 1,437,985
58 Europe 454,624 463,391
59 Austria 2,783 2,541
60 Belgium(12) 31,281 29,828
61 Denmark 3,689 3,429
62 Finland 1,618 1,512
63 France 42,723 39,693
64 Germany 25,893 26,212
65 Greece 3,455 3,331
66 Italy 5,566 5,959
67 Luxembourg(12) n.a. n.a.
68 Netherlands 13,087 10,311
69 Norway 1,636 3,501
70 Portugal 2,144 2,244
71 Russia 14,252 15,970
72 Spain 8,791 8,421
73 Sweden 5,992 6,209
74 Switzerland 77,578 88,276
75 Turkey 7,999 8,173
76 United Kingdom 173,798 175,663
77 Channel Islands &
Isle of Man(13) n.a. n.a.
78 Yugoslavia(14) 277 275
79 Other Europe and
other former
U.S.S.R.(15) 32,062 31,843
80 Canada 33,722 33,869
81 Latin America 119,261 120,099
82 Argentina 17,552 18,560
83 Brazil 12,351 11,537
84 Chile 5,296 5,346
85 Colombia 4,735 4,658
86 Ecuador 2,082 2,074
87 Guatemala 1,659 1,671
88 Mexico 33,291 33,878
89 Panama 3,561 3,661
90 Peru 1,065 1,091
91 Uruguay 2,541 2,567
92 Venezuela 23,909 23,997
93 Other Latin
America(16) 11,219 11,059
94 Caribbean 510,847 513,720
95 Bahamas 173,061 167,671
96 Bermuda 8,157 8,100
97 British West
Indies(17) 321,573 331,097
98 Caymen Islands(17) n.a. n.a.
99 Cuba 92 89
100 Jamaica 915 830
101 Netherlands Antilles 6,373 5,159
102 Trinidad and Tobago 676 774
103 Other Caribbean(16) n.a. n.a.
104 Asia 291,017 286,551
China
105 Mainland 11,769 11,830
106 Taiwan 14,675 15,140
107 Hong Kong 26,749 26,583
108 India 5,547 5,838
109 Indonesia 7,318 7,310
110 Israel 5,951 7,132
111 Japan 146,382 142,782
112 Korea (South) 8,819 9,043
113 Philippines 1,679 1,822
114 Thailand 3,504 3,330
115 Middle Eastern
oil-exporting
countries(18) 21,968 21,851
116 Other 36,656 33,890
117 Africa 9,607 9,821
118 Egypt 1,615 1,544
119 Morocco 109 112
120 South Africa 708 842
121 Congo (formerly Zaire) 7 5
122 Oil-exporting
countries(19) 4,470 4,499
123 Other 2,698 2,819
124 Other Countries 10,825 10,534
125 Australia 9,825 9,507
126 New Zealand(20) n.a. n.a.
127 All other 1,000 1,027
128 Nonmonetary
international and
regional organizations 14,630 15,658
129 International(21) 13,118 14,387
130 Latin American
regional(22) 1,146 888
131 Other regional(23) 366 383
2000
Item
Oct. Nov.
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,511,173(r) 1,525,179(r)
2 Banks' own liabilities 1,074,575(r) 1,073,536(r)
3 Demand deposits 29,500 31,701
4 Time deposits(2) 185,454 192,422
5 Other(3) 194,659 187,066
6 Own foreign offices(4) 664,962(r) 662,347(r)
7 Banks' custodial
liabilities(5) 436,598 451,643
8 U.S. Treasury
bills and
certificates(6) 173,984 173,896
9 Short-term agency
securities(7) n.a. n.a.
10 Other negotiable
and readily
transferable
instruments(8) 129,753 132,453
11 Other 132,861 145,294
12 Nonmonetary international
and regional
organizations(9) 17,104 17,074
13 Banks' own liabilities 16,751 16,676
14 Demand deposits 48 30
15 Time deposits(2) 5,918 6,542
16 Other(3) 10,785 10,104
17 Banks' custodial
liabilities(5) 353 398
18 U.S. Treasury
bills and
certificates(6) 215 249
19 Short-term agency
19 securities(7) n.a. n.a.
20 Other negotiable
and readily
transferable
instruments(8) 138 147
21 Other 0 2
22 Official institutions(10) 301,553 302,692
23 Banks' own liabilities 102,654 102,110
24 Demand deposits 4,361 4,702
25 Time deposits(2) 34,035 35,335
26 Other(3) 64,258 62,073
27 Banks' custodial
liabilities(5) 198,899 200,582
28 U.S. Treasury bills
and certificates(6) 155,101 155,061
29 Short-term agency
securities(7) n.a. n.a.
30 Other negotiable
and readily
transferable
instruments(8) 43,753 44,828
31 Other 45 693
32 Banks(11) 963,643 973,539
33 Banks' own liabilities 797,391 794,924
34 Unaffiliated foreign
banks 132,429 132,577
35 Demand deposits 12,160 12,834
36 Time deposits(2) 64,301 68,828
37 Other(3) 55,968 50,915
38 Own foreign offices(4) 664,962 662,347
39 Banks' custodial
liabilities(5) 166,252 178,615
40 U.S. Treasury
bills and
certificates(6) 9,972 10,285
41 Short-term agency
securities(7) n.a. n.a.
42 Other negotiable
and readily
transferable
instruments(8) 34,261 34,643
43 Other 122,019 133,687
44 Other foreigners 228,873 231,874
45 Banks' own liabilities 157,779 159,826
46 Demand deposits 12,931 14,135
47 Time deposits(2) 81,200 81,717
48 Other(3) 63,648 63,974
49 Banks' custodial
liabilities(5) 71,094 72,048
50 U.S. Treasury
bills and
certificates(6) 8,696 8,301
51 Short-term agency
securities(7) n.a. n.a.
52 Other negotiable
and readily
transferable
instruments(8) 51,601 52,835
53 Other 10,797 10,912
MEMO
54 Negotiable time
certificates of
deposit in custody
for foreigners 27,164 25,854
55 Repurchase agreements(7) n.a. n.a.
AREA
56 Total, all foreigners 1,511,173 1,525,179
57 Foreign countries 1,494,069 1,508,105
58 Europe 483,826 471,979
59 Austria 2,037 2,671
60 Belgium(12) 29,648 32,389
61 Denmark 3,001 3,531
62 Finland 1,418 1,874
63 France 41,736 43,534
64 Germany 28,633 27,084
65 Greece 3,445 3,344
66 Italy 5,594 5,521
67 Luxembourg(12) n.a. n.a.
68 Netherlands 14,450 13,283
69 Norway 4,102 5,159
70 Portugal 2,262 2,379
71 Russia 17,260 20,022
72 Spain 9,270 6,900
73 Sweden 6,247 7,362
74 Switzerland 97,151 86,154
75 Turkey 8,492 4,525
76 United Kingdom 173,254 172,281
77 Channel Islands &
Isle of Man(13) n.a. n.a.
78 Yugoslavia(14) 270 279
79 Other Europe and
other former
U.S.S.R.(15) 35,556 33,687
80 Canada 34,367 31,252
81 Latin America 121,417 121,353
82 Argentina 18,746 17,886
83 Brazil 10,204 11,663
84 Chile 5,105 5,327
85 Colombia 4,945 4,560
86 Ecuador 2,084 2,059
87 Guatemala 1,667 1,678
88 Mexico 36,054 33,856
89 Panama 3,788 3,980
90 Peru 1,153 1,194
91 Uruguay 2,512 2,944
92 Venezuela 24,288 25,963
93 Other Latin
America(16) 10,871 10,243
94 Caribbean 533,961 560,281
95 Bahamas 178,113 176,823
96 Bermuda 8,730 8,404
97 British West
Indies(17) 340,926 368,175
98 Caymen Islands(17) n.a. n.a.
99 Cuba 94 88
100 Jamaica 680 722
101 Netherlands Antilles 4,614 5,318
102 Trinidad and Tobago 804 751
103 Other Caribbean(16) n.a. n.a.
104 Asia 299,164 301,595
China
105 Mainland 13,719 15,835
106 Taiwan 18,289 17,630
107 Hong Kong 25,784 25,924
108 India 5,548 5,173
109 Indonesia 7,589 8,375
110 Israel 6,668 6,538
111 Japan 150,196 149,679
112 Korea (South) 6,684 6,689
113 Philippines 1,676 2,334
114 Thailand 3,178 3,477
115 Middle Eastern
oil-exporting
countries(18) 23,856 23,732
116 Other 35,977 36,209
117 Africa 9,663 9,515
118 Egypt 1,546 1,655
119 Morocco 121 100
120 South Africa 767 853
121 Congo (formerly Zaire) 4 4
122 Oil-exporting
countries(19) 4,405 4,027
123 Other 2,820 2,876
124 Other Countries 11,671 12,130
125 Australia 10,562 10,961
126 New Zealand(20) n.a. n.a.
127 All other 1,109 1,169
128 Nonmonetary
international and
regional organizations 17,104 17,074
129 International(21) 16,133 16,068
130 Latin American
regional(22) 582 523
131 Other regional(23) 389 483
2000 2001
Item
Dec. Jan.(p)
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,523,669(r) 1,568,401
2 Banks' own liabilities 1,049,070(r) 1,085,661
3 Demand deposits 33,553 31,977
4 Time deposits(2) 191,791 187,385
5 Other(3) 173,233 202,150
6 Own foreign offices(4) 650,493(r) 664,149
7 Banks' custodial
liabilities(5) 474,599 482,740
8 U.S. Treasury
bills and
certificates(6) 177,742 182,276
9 Short-term agency
securities(7) n.a. 56,565
10 Other negotiable
and readily
transferable
instruments(8) 144,858 86,733
11 Other 151,999 157,166
12 Nonmonetary international
and regional
organizations(9) 12,560 10,938
13 Banks' own liabilities 12,158 10,595
14 Demand deposits 41 327
15 Time deposits(2) 6,264 5,641
16 Other(3) 5,853 4,627
17 Banks' custodial
liabilities(5) 402 343
18 U.S. Treasury
bills and
certificates(6) 252 294
19 Short-term agency
19 securities(7) n.a. 26
20 Other negotiable
and readily
transferable
instruments(8) 149 23
21 Other 1 0
22 Official institutions(10) 297,660 314,261
23 Banks' own liabilities 97,052 103,446
24 Demand deposits 3,950 4,014
25 Time deposits(2) 35,638 33,026
26 Other(3) 57,464 66,406
27 Banks' custodial
liabilities(5) 200,608 210,815
28 U.S. Treasury bills
and certificates(6) 153,010 158,967
29 Short-term agency
securities(7) n.a. 44,884
30 Other negotiable
and readily
transferable
instruments(8) 47,360 5,837
31 Other 238 1,127
32 Banks(11) 981,552 1,008,148
33 Banks' own liabilities 789,052 809,779
34 Unaffiliated foreign
banks 138,559 145,630
35 Demand deposits 15,532 14,297
36 Time deposits(2) 67,498 70,896
37 Other(3) 55,529 60,437
38 Own foreign offices(4) 650,493 664,149
39 Banks' custodial
liabilities(5) 192,500 198,369
40 U.S. Treasury
bills and
certificates(6) 15,919 14,484
41 Short-term agency
securities(7) n.a. 7,439
42 Other negotiable
and readily
transferable
instruments(8) 35,104 30,757
43 Other 141,477 145,689
44 Other foreigners 231,897 235,054
45 Banks' own liabilities 150,808 161,841
46 Demand deposits 14,030 13,339
47 Time deposits(2) 82,391 77,822
48 Other(3) 54,387 70,680
49 Banks' custodial
liabilities(5) 81,089 73,213
50 U.S. Treasury
bills and
certificates(6) 8,561 8,531
51 Short-term agency
securities(7) n.a. 4,216
52 Other negotiable
and readily
transferable
instruments(8) 62,245 50,116
53 Other 10,283 10,350
MEMO
54 Negotiable time
certificates of
deposit in custody
for foreigners 34,088 31,389
55 Repurchase agreements(7) n.a. 93,821
AREA
56 Total, all foreigners 1,523,669 1,568,401
57 Foreign countries 1,511,108 1,557,462
58 Europe 449,152 476,418
59 Austria 2,724 2,366
60 Belgium(12) 33,401 7,356
61 Denmark 3,001 3,391
62 Finland 1,412 1,155
63 France 37,840 48,385
64 Germany 35,535 30,250
65 Greece 2,013 1,888
66 Italy 5,079 4,997
67 Luxembourg(12) n.a. 27,092
68 Netherlands 7,485 8,504
69 Norway 2,305 4,762
70 Portugal 2,404 2,571
71 Russia 19,020 17,233
72 Spain 7,801 8,129
73 Sweden 6,498 5,648
74 Switzerland 74,732 83,096
75 Turkey 7,548 7,783
76 United Kingdom 169,484 179,363
77 Channel Islands &
Isle of Man(13) n.a. 406
78 Yugoslavia(14) 276 287
79 Other Europe and
other former
U.S.S.R.(15) 30,594 31,756
80 Canada 31,059 23,927
81 Latin America 121,719 118,930
82 Argentina 19,493 18,936
83 Brazil 10,953 10,542
84 Chile 5,895 5,647
85 Colombia 4,555 4,552
86 Ecuador 2,119 2,157
87 Guatemala 1,637 1,581
88 Mexico 33,157 33,723
89 Panama 4,292 3,615
90 Peru 1,435 1,355
91 Uruguay 3,006 2,798
92 Venezuela 24,779 26,996
93 Other Latin
America(16) 10,398 7,028
94 Caribbean 580,562 601,776
95 Bahamas 189,454 186,180
96 Bermuda 9,695 9,487
97 British West
Indies(17) 374,107 0
98 Caymen Islands(17) n.a. 384,280
99 Cuba 90 130
100 Jamaica 815 792
101 Netherlands Antilles 5,496 6,565
102 Trinidad and Tobago 905 797
103 Other Caribbean(16) n.a. 13,545
104 Asia 306,412 315,245
China
105 Mainland 16,538 27,451
106 Taiwan 17,690 19,865
107 Hong Kong 26,768 27,013
108 India 4,532 4,197
109 Indonesia 8,524 8,536
110 Israel 8,055 7,666
111 Japan 150,434 148,810
112 Korea (South) 7,967 7,155
113 Philippines 2,430 1,769
114 Thailand 3,129 3,157
115 Middle Eastern
oil-exporting
countries(18) 23,760 22,425
116 Other 36,585 37,201
117 Africa 10,836 10,552
118 Egypt 2,622 2,552
119 Morocco 139 157
120 South Africa 1,011 843
121 Congo (formerly Zaire) 4 10
122 Oil-exporting
countries(19) 4,052 4,317
123 Other 3,008 2,673
124 Other Countries 11,368 10,614
125 Australia 10,090 8,854
126 New Zealand(20) n.a. 1,032
127 All other 1,278 728
128 Nonmonetary
international and
regional organizations 12,561 10,939
129 International(21) 11,288 9,024
130 Latin American
regional(22) 740 1,493
131 Other regional(23) 533 422
(1.) Reporting banks include all types of depository institutions
as well as some brokers and dealers. Excludes bonds and notes of
maturities longer than one year.
(2.) Excludes negotiable time certificates of deposit, which are
included in "Other negotiable and readily transferable instruments."
(3.) Includes borrowing under repurchase agreements.
(4.) For U.S. banks, includes amounts owed to own foreign branches
and foreign subsidiaries consolidated in quarterly Consolidated
Reports of Condition filed with bank regulatory agencies. For
agencies, branches, and majority-owned subsidiaries of foreign
banks, consists principally of amounts owed to the head office
or parent foreign bank, and to foreign branches, agencies, or
wholly owned subsidiaries of the head office or parent foreign
bank.
(5.) Financial claims on residents of the United States, other than
long-term securities, held by or through reporting banks for
foreign customers.
(6.) Includes nonmarketable certificates of indebtedness and Treasury
bills issued to official institutions of foreign countries.
(7.) Data available beginning January 2001.
(8.) Principally bankers acceptances, commercial paper, and negotiable
time certificates of deposit.
(9.) Principally the International Bank for Reconstruction and
Development, the Inter-American Development Bank, and the Asian
Development Bank. Excludes "holdings of dollars" of the International
Monetary Fund.
(10.) Foreign central banks, foreign central governments, and the
Bank for International Settlements.
(11.) Excludes central banks, which are included in "Official
institutions."
(12.) Before January 2001, combined data reported for
Belgium-Luxembourg.
(13.) Before January 2001, data included in United Kingdom.
(14.) Since December 1992, has excluded Bosnia, Croatia, and
Slovenia.
(15.) Includes the Bank for International Settlements and European
Central Bank. Since December 1992, has included all parts of the
former U.S.S.R. (except Russia), and Bosnia, Crotia, and Slovenia.
(16.) Before January 2000, "Other Latin America" and "Other Caribbean"
were reported as combined "Other Latin America and Caribbean."
(17.) Beginning January 2001, Caymen Islands replaced British West
Indies in the data series.
(18.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi
Arabia, and United Arab Emirates (Trucial States).
(19.) Comprises Algeria, Gabon, Libya, and Nigeria.
(20.) Before January 2001, included in "All other."
(21.) Principally the International Bank for Reconstruction and
Development. Excludes "holdings of dollars" of the International
Monetary Fund.
(22.) Principally the Inter-American Development Bank.
(23.) Asian, African, Middle Eastern, and European regional
organizations, except the Bank for International Settlements,
which is included in "Other Europe."
3.18 BANKS' OWN CLAIMS ON FOREIGNERS Reported by Banks
in the United States(1) Payable in US dollars
Millions of dollars, end of period
Area or country 1998 1999 2000
1 Total, all foreigners 734,995 793,139 911,879
2 Foreign countries 731,378 788,576 907,193
3 Europe 233,321 311,686 383,876
4 Austria 1,043 2,643 2,941
5 Belgium(2) 7,187 10,193 5,540
6 Denmark 2,383 1,669 3,312
7 Finland 1,070 2,020 7,402
8 France 15,251 29,142 40,303
9 Germany 15,923 29,205 36,973
10 Greece 575 806 658
11 Italy 7,284 8,496 7,629
12 Luxembourg(2) n.a. n.a. n.a.
13 Netherlands 5,697 11,810 17,294
14 Norway 827 1,000 5,012
15 Portugal 669 1,571 1,382
16 Russia 789 713 517
17 Spain 5,735 3,796 2,848
18 Sweden 4,223 3,264 9,301
19 Switzerland 46,874 79,158 82,383
20 Turkey 1,982 2,617 3,175
21 United Kingdom 106,349 115,971 148,875
22 Channel Islands & Isle
of Man(3) n.a. n.a. n.a.
23 Yugoslavia(4) 53 50 50
24 Other Europe and other
former U.S.S.R.(5) 9,407 7,562 8,281
25 Canada 47,037 37,206 40,068
26 Latin America 79,976(r) 74,040(r) 76,614(r)
27 Argentina 9,552 10,894 11,546
28 Brazil 16,184 16,987 20,567
29 Chile 8,250 6,607 5,816
30 Colombia 6,507 4,524 4,370
31 Ecuador 1,400 760 635
32 Guatemala 1,127 1,135 1,246
33 Mexico 21,212 17,899 17,430
34 Panama 3,584 3,387 2,935
35 Peru 3,275 2,529 2,808
36 Uruguay 1,126 801 675
37 Venezuela 3,089 3,494 3,520
38 Other Latin America(6) 4,670 5,023 5,066
39 Caribbean 262,678 281,128(r) 319,512(r)
40 Bahamas 96,455 99,066 114,090
41 Bermuda 5,011 8,007 9,343
42 British West Indies(7) 153,749 167,189 189,315
43 Caymen Islands(7) n.a. n.a.
44 Cuba 0 0 0
45 Jamaica 239 295 355
46 Netherlands Antilles 6,779 5,982 5,801
47 Trinidad and Tobago 445 589 608
48 Other Caribbean(6) n.a. n.a. n.a.
49 Asia 98,607 75,143 78,762
China
50 Mainland 1,261 2,110 1,606
51 Taiwan 1,041 1,390 2,247
52 Hong Kong 9,080 5,903 6,715
53 India 1,440 1,738 2,178
54 Indonesia 1,942 1,776 1,914
55 Israel 1,166 1,875 2,729
56 Japan 46,713 28,641 35,109
57 Korea (South) 8,289 9,426 7,784
58 Philippines 1,465 1,410 1,784
59 Thailand 1,807 1,515 1,381
60 Middle Eastern
oil-exporting
countries(8) 16,130 14,267 10,091
61 Other 8,273 5,092 5,224
62 Africa 3,122 2,268 2,151
63 Egypt 257 258 201
64 Morocco 372 352 204
65 South Africa 643 622 366
66 Congo (formerly Zaire) 0 24 0
67 Oil-exporting
countries(9) 936 276 471
68 Other 914 736 909
69 Other countries 6,637 7,105 6,210
70 Australia 6,173 6,824 5,961
71 New Zealand((10) n.a. n.a. n.a.
72 All other 464 281 249
73 Nonmonetary international
and regional
organizations(11) 3,617 4,563 4,686
2000
Area or country
July Aug. Sept.
1 Total, all foreigners 846,338 813,193 856,474
2 Foreign countries 842,452 809,416 851,609
3 Europe 358,004 327,433 359,889
4 Austria 2,479 1,956 2,584
5 Belgium(2) 6,464 5,843 6,368
6 Denmark 3,349 3,278 3,403
7 Finland 2,897 2,701 3,561
8 France 25,845 23,229 27,062
9 Germany 30,452 31,804 33,229
10 Greece 754 557 516
11 Italy 6,447 7,358 6,215
12 Luxembourg(2) n.a. n.a. n.a.
13 Netherlands 13,159 14,999 15,507
14 Norway 2,401 1,448 4,474
15 Portugal 1,454 1,273 1,480
16 Russia 718 666 643
17 Spain 4,767 3,566 3,208
18 Sweden 8,404 8,761 8,501
19 Switzerland 94,550 87,172 100,345
20 Turkey 2,735 2,855 2,821
21 United Kingdom 143,459 123,360 132,503
22 Channel Islands & Isle
of Man(3) n.a. n.a. n.a.
23 Yugoslavia(4) 49 49 49
24 Other Europe and other
former U.S.S.R.(5) 7,621 6,558 7,420
25 Canada 40,420 37,934 37,618
26 Latin America 71,632(r) 72,499(r) 72,664(r)
27 Argentina 10,660 10,597 10,840
28 Brazil 18,199 18,555 19,038
29 Chile 6,069 5,985 5,953
30 Colombia 3,909 3,953 3,851
31 Ecuador 610 607 623
32 Guatemala 1,215 1,277 1,226
33 Mexico 16,412 16,825 16,808
34 Panama 2,981 2,882 2,781
35 Peru 2,488 2,487 2,697
36 Uruguay 649 777 728
37 Venezuela 3,357 3,410 3,390
38 Other Latin America(6) 5,083 5,144 4,729
39 Caribbean 279,690(r) 282,931(r) 290,974(r)
40 Bahamas 92,959 95,577 99,278
41 Bermuda 6,906 4,684 6,265
42 British West Indies(7) 172,232 175,936 178,744
43 Caymen Islands(7) n.a. n.a. n.a.
44 Cuba 0 3 0
45 Jamaica 299 305 337
46 Netherlands Antilles 6,652 5,804 5,770
47 Trinidad and Tobago 642 622 580
48 Other Caribbean(6) n.a. n.a. n.a.
49 Asia 83,129 79,028 81,584
China
50 Mainland 1,822 1,601 1,519
51 Taiwan 922 790 2,475
52 Hong Kong 5,777 5,403 6,019
53 India 2,014 2,038 2,006
54 Indonesia 1,940 1,880 1,982
55 Israel 1,982 2,281 1,116
56 Japan 31,210 32,499 35,240
57 Korea (South) 18,915 16,924 14,375
58 Philippines 1,802 1,483 1,495
59 Thailand 1,051 1,059 1,071
60 Middle Eastern
oil-exporting
countries(8) 10,367 10,006 9,961
61 Other 5,327 3,064 4,325
62 Africa 2,505 2,215 2,597
63 Egypt 217 186 176
64 Morocco 272 247 254
65 South Africa 411 358 372
66 Congo (formerly Zaire) 0 0 0
67 Oil-exporting
countries(9) 751 616 913
68 Other 854 808 882
69 Other countries 7,072 7,376 6,283
70 Australia 6,891 7,036 6,036
71 New Zealand((10) n.a. n.a. n.a.
72 All other 181 340 247
73 Nonmonetary international
and regional
organizations(11) 3,886 3,777 4,865
2000
Area or country
Oct. Nov.
1 Total, all foreigners 879,626 882,419
2 Foreign countries 874,403 878,579
3 Europe 365,709 371,894
4 Austria 2,809 2,681
5 Belgium(2) 6,044 5,060
6 Denmark 3,093 3,462
7 Finland 4,927 6,517
8 France 34,217 34,547
9 Germany 33,017 32,160
10 Greece 628 876
11 Italy 6,482 6,738
12 Luxembourg(2) n.a. n.a.
13 Netherlands 16,165 15,975
14 Norway 4,655 6,159
15 Portugal 1,574 1,249
16 Russia 647 663
17 Spain 3,360 2,593
18 Sweden 8,504 8,815
19 Switzerland 103,818 107,986
20 Turkey 2,831 3,260
21 United Kingdom 122,829 125,223
22 Channel Islands & Isle
of Man(3) n.a. n.a.
23 Yugoslavia(4) 49 49
24 Other Europe and other
former U.S.S.R.(5) 10,060 7,881
25 Canada 38,648 39,291
26 Latin America 73,692(r) 74,399(r)
27 Argentina 11,166 11,468
28 Brazil 20,202 19,840
29 Chile 5,756 5,772
30 Colombia 3,846 3,938
31 Ecuador 639 629
32 Guatemala 1,245 1,247
33 Mexico 16,723 16,945
34 Panama 2,668 2,839
35 Peru 2,653 2,713
36 Uruguay 663 677
37 Venezuela 3,321 3,451
38 Other Latin America(6) 4,810 4,880
39 Caribbean 300,805(r) 301,544(r)
40 Bahamas 100,445 96,718
41 Bermuda 8,426 8,324
42 British West Indies(7) 184,812 188,994
43 Caymen Islands(7) n.a. n.a.
44 Cuba 0 0
45 Jamaica 379 355
46 Netherlands Antilles 6,158 6,554
47 Trinidad and Tobago 585 599
48 Other Caribbean(6) n.a. n.a.
49 Asia 87,682 83,359
China
50 Mainland 1,912 1,644
51 Taiwan 3,691 2,483
52 Hong Kong 6,540 6,454
53 India 1,787 1,736
54 Indonesia 2,009 1,958
55 Israel 1,551 1,911
56 Japan 35,773 36,467
57 Korea (South) 18,589 16,189
58 Philippines 1,473 1,758
59 Thailand 1,046 1,221
60 Middle Eastern
oil-exporting
countries(8) 9,867 8,487
61 Other 3,444 3,051
62 Africa 2,291 1,977
63 Egypt 201 184
64 Morocco 252 235
65 South Africa 322 341
66 Congo (formerly Zaire) 0 0
67 Oil-exporting
countries(9) 656 342
68 Other 860 875
69 Other countries 5,576 6,115
70 Australia 5,238 5,937
71 New Zealand((10) n.a. n.a.
72 All other 338 178
73 Nonmonetary international
and regional
organizations(11) 5,223 3,840
2000 2001
Area or country
Dec. Jan.
1 Total, all foreigners 911,879 958,982
2 Foreign countries 907,193 955,755
3 Europe 383,876 422,081
4 Austria 2,941 3,664
5 Belgium(2) 5,540 4,635(r)
6 Denmark 3,312 3,402
7 Finland 7,402 6,772
8 France 40,303 43,290
9 Germany 36,973 39,739
10 Greece 658 526
11 Italy 7,629 6,308
12 Luxembourg(2) n.a. 2,737
13 Netherlands 17,294 18,864
14 Norway 5,012 2,971
15 Portugal 1,382 1,109
16 Russia 517 518
17 Spain 2,848 3,807
18 Sweden 9,301 10,353
19 Switzerland 82,383 102,545
20 Turkey 3,175 3,300
21 United Kingdom 148,875 156,804
22 Channel Islands & Isle
of Man(3) n.a. 670
23 Yugoslavia(4) 50 50
24 Other Europe and other
former U.S.S.R.(5) 8,281 9,965
25 Canada 40,068 41,587
26 Latin America 76,614 74,482(r)
27 Argentina 11,546 11,317
28 Brazil 20,567 20,372
29 Chile 5,816 6,223
30 Colombia 4,370 3,816
31 Ecuador 635 563
32 Guatemala 1,246 1,364
33 Mexico 17,430 17,589
34 Panama 2,935 2,774
35 Peru 2,808 2,689
36 Uruguay 675 641
37 Venezuela 3,520 3,298
38 Other Latin America(6) 5,066 3,836
39 Caribbean 319,512 317,826
40 Bahamas 114,090 109,275
41 Bermuda 9,343 8,473
42 British West Indies(7) 189,315 0
43 Caymen Islands(7) n.a. 185,105
44 Cuba 0 117
45 Jamaica 355 357
46 Netherlands Antilles 5,801 9,076
47 Trinidad and Tobago 608 658
48 Other Caribbean(6) n.a. 4,765
49 Asia 78,762 90,285
China
50 Mainland 1,606 1,558
51 Taiwan 2,247 1,037
52 Hong Kong 6,715 7,419
53 India 2,178 1,885
54 Indonesia 1,914 2,075
55 Israel 2,729 2,343
56 Japan 35,109 38,901
57 Korea (South) 7,784 18,736
58 Philippines 1,784 1,217
59 Thailand 1,381 1,170
60 Middle Eastern
oil-exporting
countries(8) 10,091 10,546
61 Other 5,224 3,398
62 Africa 2,151 2,176
63 Egypt 201 170
64 Morocco 204 182
65 South Africa 366 492
66 Congo (formerly Zaire) 0 19
67 Oil-exporting
countries(9) 471 582
68 Other 909 731
69 Other countries 6,210 7,318
70 Australia 5,961 6,894
71 New Zealand((10)
n.a. 283
72 All other 249 141
73 Nonmonetary international
and regional
organizations(11) 4,686 3,363
(1.) Reporting banks include all types of depository institutions as
well as some brokers and dealers.
(2.) Before January 2001, combined data reported for
Belgium-Luxembourg.
(3.) Before January 2001, data included in United Kingdom.
(4.) Since December 1992, has excluded Bosnia, Croatia, and Slovenia.
(5.) Includes the Bank for International Settlements and European
Central Bank Since December 1992, has included all parts of the former
U.S.S.R. (except Russia), and Bosnia, Croatia, and Slovenia.
(6.) Before January 2001, "Other Latin America" and "Other Caribbean"
were reported as combined "Other Latin America and Caribbean."
(7.) Beginning 2001, Cayman Islands replaced British West Indies in
the data series.
(8.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(9.) Comprises Algeria, Gabon, Libya, and Nigeria.
(10). Before January 2001, included in "All other."
(11.) Excludes the Bank for International Settlements, which is
included in "Other Europe."
3.19 BANKS' OWN AND DOMESTIC CUSTOMERS' CLAIMS ON FOREIGNERS
Reported by Banks in the United States(1)
Payable in U.S. dollars
Millions of dollars, end of period
2000
Type of claim 1998 1999 2000
July
1 Total 875,891 944,937 1,102,595 ...
2 Banks' claims 734,995 793,139 911,879 846,338
3 Foreign public borrowers 23,542 35,090 38,327 48,478
4 Own foreign offices(2) 484,535 529,682 630,105 574,063
5 Unaffiliated foreign
banks 106,206 97,186 99,622 85,739
6 Deposits 27,230 34,538 23,886 21,856
7 Other 78,976 62,648 75,736 63,883
8 All other foreigners 120,712 131,181 143,825 138,058
9 Claims of banks' domestic
customers(3) 140,896 151,798 190,716 ...
10 Deposits 79,363 88,006 99,846 ...
11 Negotiable and readily
transferable
instruments(4) 47,914 51,161 78,147 ...
12 Outstanding collections
and other claims 13,619 12,631 12,723 ...
MEMO
13 Customer liability on
acceptances 4,520 4,553 4,258 ...
14 Banks' loans under resale
agreements(5) n.a. n.a. n.a. n.a.
15 Dollar deposits in banks
abroad, reported by
nonbanking business
enterprises in the
United States(6) 39,978 31,125 53,153 46,337
2000
Type of claim
Aug. Sept. Oct.
1 Total ... 1,025,751 ...
2 Banks' claims 813,193 856,474 879,626
3 Foreign public borrowers 41,459 40,437 49,693
4 Own foreign offices(2) 560,852 592,647 603,873
5 Unaffiliated foreign
banks 78,562 87,144 83,035
6 Deposits 21,822 23,765 23,598
7 Other 56,740 63,379 59,437
8 All other foreigners 132,320 136,246 143,025
9 Claims of banks' domestic
customers(3) ... 169,277 ...
10 Deposits ... 87,108 ...
11 Negotiable and readily
transferable
instruments(4) ... 70,334 ...
12 Outstanding collections
and other claims ... 11,835 ...
MEMO
13 Customer liability on
acceptances ... 4,701 ...
14 Banks' loans under resale
agreements(5) n.a. n.a. n.a.
15 Dollar deposits in banks
abroad, reported by
nonbanking business
enterprises in the
United States(6) 55,293 57,784 53,848
2000 2001
Type of claim
Nov. Dec. Jan.(p)
1 Total ... 1,102,595 ...
2 Banks' claims 882,419 911,879 958,982
3 Foreign public borrowers 49,373 38,327 52,987
4 Own foreign offices(2) 610,839 630,105 645,069
5 Unaffiliated foreign
banks 82,962 99,622 102,166
6 Deposits 23,756 23,886 23,607
7 Other 59,206 75,736 78,559
8 All other foreigners 139,245 143,825 158,760
9 Claims of banks' domestic
customers(3) ... 190,716 ...
10 Deposits ... 99,846 ...
11 Negotiable and readily
transferable
instruments(4) ... 78,147 ...
12 Outstanding collections
and other claims ... 12,723 ...
MEMO
13 Customer liability on
acceptances ... 4,258 ...
14 Banks' loans under resale
agreements(5) n.a. n.a. 85,307
15 Dollar deposits in banks
abroad, reported by
nonbanking business
enterprises in the
United States(6) 55,899 53,153 59,893
(1.) For banks' claims, data are monthly; for claims of banks'
domestic customers, data are for quarter ending with month indicated.
Reporting banks include all types of depository institution as well
as some brokers and dealers.
(2.) For U.S. banks, includes amounts due from own foreign branches
and foreign subsidiaries consolidated in quarterly Consolidated Reports
of Condition filed with bank regulatory agencies. For agencies,
branches, and majority-owned subsidiaries of foreign banks, consists
principally of amounts due from the head office or parent foreign bank,
and from foreign branches, agencies, or wholly owned subsidiaries
of the head office or parent foreign bank.
(3.) Assets held by reporting banks in the accounts of their
domestic customers.
(4.) Principally negotiable time certificates of deposit,
bankers acceptances, and commercial paper.
(5.) Data available beginning January 2001.
(6.) Includes demand and time deposits and negotiable and
nonnegotiable certificates of deposit denominated in U.S.
dollars issued by banks abroad.
3.20 BANKS' OWN CLAIMS ON UNAFFILIATED FOREIGNERS Reported by
Banks in the United States(1) Payable in US Dollars
Millions of dollars, end of period
2000
Maturity, by borrower 1997 1998 1999
and area(2)
Mar.
1 Total 276,550 250,418 267,082 256,536
By borrower
2 Maturity of one year
or less 205,781 186,526 187,894 175,413
3 Foreign public
borrowers 12,081 13,671 22,811 23,438
4 All other foreigners 193,700 172,855 165,083 151,975
5 Maturity of more than
one year 70,769 63,892 79,188 81,123
6 Foreign public
borrowers 8,499 9,839 12,013 12,850
7 All other foreigners 62,270 54,053 67,175 68,273
By area
Maturity of one year
or less
8 Europe 58,294 68,679 80,842 74,011
9 Canada 9,917 10,968 7,859 8,408
10 Latin America and
Caribbean 97,207 81,766 69,498 62,912
11 Asia 33,964 18,007 21,802 23,003
12 Africa 2,211 1,835 1,122 957
13 All other(3) 4,188 5,271 6,771 6,122
Maturity of more than
one year
14 Europe 13,240 14,923 22,951 23,952
15 Canada 2,525 3,140 3,192 3,126
16 Latin America and
Caribbean 42,049 33,442 39,051 39,714
17 Asia 10,235 10,018 11,257 11,612
18 Africa 1,236 1,232 1,065 965
19 All other(3) 1,484 1,137 1,672 1,754
2000
Maturity, by borrower
and area(2)
June Sept. Dec.
1 Total 268,904 263,383 281,208
By borrower
2 Maturity of one year
or less 181,814 174,650 187,815
3 Foreign public
borrowers 24,849 23,646 21,399
4 All other foreigners 156,965 151,004 166,416
5 Maturity of more than
one year 87,090 88,733 93,393
6 Foreign public
borrowers 15,900 16,238 16,258
7 All other foreigners 71,190 72,495 77,135
By area
Maturity of one year
or less
8 Europe 71,492 69,447 72,754
9 Canada 7,344 8,225 7,995
10 Latin America and
Caribbean 66,096 65,881 77,282
11 Asia 29,091 23,791 22,755
12 Africa 1,520 1,594 1,168
13 All other(3) 6,271 5,712 5,861
Maturity of more than
one year
14 Europe 25,417 27,589 33,681
15 Canada 3,323 3,261 3,712
16 Latin America and
Caribbean 42,291 41,168 41,870
17 Asia 12,550 13,132 10,154
18 Africa 924 895 891
19 All other(3) 2,585 2,688 3,085
(1.) Reporting banks include all types of depository institutions
as well as some brokers and dealers.
(2.) Maturity is time remaining until maturity.
(3.) Includes nonmonetary international and regional
organizations.
3.21 CLAIMS ON FOREIGN COUNTRIES Held by US and Foreign
Offices of U.S. Banks(1)
Billions of dollars, end of period
1998 1999
Area or country 1996 1997
Dec. Mar.
1 Total 645.8 721.8 1051.6 981.9
2 G-10 countries and
Switzerland 228.3 242.8 217.7 208.9
3 Belgium and Luxembourg 11.7 11.0 10.7 15.6
4 France 16.6 15.4 18.4 21.6
5 Germany 29.8 28.6 30.9 34.7
6 Italy 16.0 15.5 11.5 17.8
7 Netherlands 4.0 6.2 7.8 10.7
8 Sweden 2.6 3.3 2.3 4.0
9 Switzerland 5.3 7.2 8.5 7.8
10 United Kingdom 104.7 113.4 85.4 56.2
11 Canada 14.0 13.7 16.8 15.9
12 Japan 23.7 28.6 25.4 24.6
13 Other industrialized
countries 66.1 65.5 69.0 80.1
14 Austria 1.1 1.5 1.4 2.8
15 Denmark 1.5 2.4 2.2 3.4
16 Finland .8 1.3 1.4 1.5
17 Greece 6.7 5.1 5.9 6.5
18 Norway 8.0 3.6 3.2 3.1
19 Portugal .9 .9 1.4 1.4
20 Spain 13.3 12.6 13.7 15.7
21 Turkey 2.7 4.5 4.8 5.2
22 Other Western Europe 4.9 8.3 10.4 10.2
23 South Africa 2.0 2.2 4.4 4.8
24 Australia 24.0 23.1 20.3 25.4
25 OPEC(2) 19.8 26.0 27.1 26.2
26 Ecuador 1.1 1.3 1.3 1.2
27 Venezuela 2.4 2.5 3.2 3.5
28 Indonesia 5.2 6.7 4.7 4.5
29 Middle East countries 10.7 14.4 17.0 16.7
30 African countries .4 1.2 1.0 .4
31 Non-OPEC developing
countries 130.3 139.2 143.4 146.4
Latin America
32 Argentina 14.3 18.4 23.1 24.4
33 Brazil 20.7 28.6 24.7 24.2
34 Chile 7.0 8.7 8.3 8.6
35 Colombia 4.1 3.4 3.2 3.3
36 Mexico 16.2 17.4 18.9 19.7
37 Peru 1.6 2.0 2.2 2.2
38 Other 3.3 4.1 5.4 5.3
Asia
China
39 Mainland 2.5 3.2 3.0 5.0
40 Taiwan 10.3 9.5 13.3 11.8
41 India 4.3 4.9 5.5 5.5
42 Israel .5 .7 1.1 1.1
43 Korea (South) 21.5 15.6 13.7 13.7
44 Malaysia 6.0 5.1 5.6 5.9
45 Philippines 5.8 5.7 5.1 5.4
46 Thailand 5.7 5.4 4.7 4.5
47 Other Asia 4.1 4.3 2.9 3.0
Africa
48 Egypt .7 .9 1.3 1.4
49 Morocco .7 .6 .5 .5
50 Zaire .1 .0 .0 .0
51 Other Africa(3) .9 .8 1.0 .9
52 Eastern Europe 6.9 9.1 5.5 6.8
53 Russia(4) 3.7 5.1 2.2 2.0
54 Other 3.2 4.0 3.3 4.8
55 Offshore banking centers 135.1 140.2 93.9 83.0
56 Bahamas 20.5 24.2 35.4 22.0
57 Bermuda 4.5 9.8 4.6 3.9
58 Cayman Islands and other
British West Indies 37.2 43.4 12.8 13.9
59 Netherlands Antilles 26.1 14.6 2.6 2.7
60 Panama(5) 2.0 3.1 3.9 3.9
61 Lebanon .1 .1 .1 .1
62 Hong Kong, China 27.9 32.2 23.3 22.8
63 Singapore 16.7 12.7 11.1 13.5
64 Other(6) .1 .1 .2 .2
65 Miscellaneous and
unallocated(7) 59.6 99.1 495.1 430.4
1999 2000
Area or country
June Sept. Dec. Mar.
1 Total 930.4 930.4 934.5 949.4
2 G-10 countries and
Switzerland 224.0 208.2 232.3 278.5
3 Belgium and Luxembourg 16.2 15.7 14.3 14.2
4 France 20.7 20.0 29.0 27.1
5 Germany 32.1 37.4 38.7 37.3
6 Italy 16.4 15.0 18.1 20.0
7 Netherlands 13.3 11.7 12.3 17.1
8 Sweden 2.6 3.6 3.0 3.9
9 Switzerland 8.3 8.8 10.3 10.1
10 United Kingdom 74.7 52.3 68.2 107.8
11 Canada 17.1 17.9 16.3 17.5
12 Japan 22.6 25.7 22.1 23.5
13 Other industrialized
countries 79.7 71.7 68.4 62.8
14 Austria 2.8 3.0 3.5 2.6
15 Denmark 2.9 2.1 2.6 1.5
16 Finland .9 .9 .9 .8
17 Greece 5.9 6.6 6.0 5.7
18 Norway 3.0 3.8 3.3 3.0
19 Portugal 1.2 1.2 1.0 1.0
20 Spain 16.6 15.1 12.1 11.3
21 Turkey 4.9 4.7 4.8 5.1
22 Other Western Europe 10.3 9.2 6.8 8.3
23 South Africa 4.7 4.0 3.8 4.8
24 Australia 26.6 21.1 23.5 18.6
25 OPEC(2) 26.2 30.1 31.4 28.9
26 Ecuador 1.1 .9 .8 .7
27 Venezuela 3.2 3.0 2.8 3.0
28 Indonesia 5.0 4.4 4.2 3.9
29 Middle East countries 16.5 21.4 23.1 21.1
30 African countries .5 .5 .5 .2
31 Non-OPEC developing
countries 148.6 144.6 149.4 154.8
Latin America
32 Argentina 22.8 22.8 23.2 22.4
33 Brazil 25.2 23.5 27.7 28.1
34 Chile 8.2 7.7 7.4 8.2
35 Colombia 3.1 2.7 2.5 2.5
36 Mexico 18.5 19.4 18.7 18.3
37 Peru 2.1 1.8 1.7 1.9
38 Other 5.5 5.5 5.9 6.5
Asia
China
39 Mainland 5.3 3.3 3.6 4.6
40 Taiwan 12.6 12.3 12.0 12.6
41 India 6.7 7.0 7.7 7.9
42 Israel 2.0 1.0 1.8 3.3
43 Korea (South) 15.3 16.0 15.2 17.4
44 Malaysia 6.0 6.1 6.1 6.5
45 Philippines 5.7 5.8 6.2 5.3
46 Thailand 4.2 4.0 4.1 4.3
47 Other Asia 2.8 2.9 2.9 2.6
Africa
48 Egypt 1.4 1.3 1.4 1.4
49 Morocco .5 .5 .4 .3
50 Zaire .0 .0 .0 .0
51 Other Africa(3) 1.0 1.0 1.0 .9
52 Eastern Europe 5.7 5.4 5.2 6.3
53 Russia(4) 2.1 2.0 1.6 1.7
54 Other 3.7 3.4 3.6 4.7
55 Offshore banking centers 66.0 79.1 59.9 42.0
56 Bahamas 10.4 18.2 13.7 2.4
57 Bermuda 5.7 8.2 8.0 7.3
58 Cayman Islands and other
British West Indies 7.2 6.3 1.3 .0
59 Netherlands Antilles 1.3 9.1 1.7 2.5
60 Panama(5) 3.9 3.9 3.9 3.4
61 Lebanon .1 .2 .1 .1
62 Hong Kong, China 22.0 22.4 21.0 22.2
63 Singapore 15.2 10.6 10.1 4.1
64 Other(6) .1 .2 .1 .1
65 Miscellaneous and
unallocated(7) 380.2 391.2 387.9 376.1
2000
Area or country
June Sept. Dec.(p)
1 Total 989.6 952.9 1034.5
2 G-10 countries and
Switzerland 320.0 286.9 312.6
3 Belgium and Luxembourg 13.8 13.0 14.3
4 France 32.6 29.1 29.9
5 Germany 31.5 37.8 45.2
6 Italy 20.8 18.8 21.3
7 Netherlands 16.1 17.6 18.7
8 Sweden 3.5 4.3 3.7
9 Switzerland 13.8 10.9 13.5
10 United Kingdom 144.3 118.7 125.9
11 Canada 18.3 18.7 16.9
12 Japan 25.4 18.1 23.1
13 Other industrialized
countries 75.2 73.8 75.3
14 Austria 2.8 3.5 4.1
15 Denmark 1.2 1.8 1.9
16 Finland 1.2 2.8 1.5
17 Greece 6.8 6.4 8.3
18 Norway 4.6 8.5 8.3
19 Portugal 2.0 1.5 2.0
20 Spain 12.2 10.5 10.6
21 Turkey 5.6 5.6 6.0
22 Other Western Europe 8.0 8.4 6.7
23 South Africa 4.5 4.2 3.7
24 Australia 26.3 20.5 22.2
25 OPEC(2) 32.3 31.8 29.6
26 Ecuador .7 .6 .6
27 Venezuela 2.9 2.9 2.5
28 Indonesia 4.1 4.4 4.6
29 Middle East countries 24.0 22.7 21.1
30 African countries .7 1.2 .8
31 Non-OPEC developing
countries 158.3 149.6 145.7
Latin America
32 Argentina 21.6 21.4 21.4
33 Brazil 28.3 28.5 28.8
34 Chile 8.1 7.4 7.6
35 Colombia 2.4 2.4 2.4
36 Mexico 20.5 17.5 15.7
37 Peru 2.1 2.1 2.0
38 Other 6.7 6.3 6.5
Asia
China
39 Mainland 3.8 3.4 2.9
40 Taiwan 12.6 12.8 10.8
41 India 8.2 5.8 9.1
42 Israel 1.5 1.1 2.7
43 Korea (South) 21.2 21.0 15.1
44 Malaysia 6.8 6.9 7.1
45 Philippines 5.3 4.7 5.1
46 Thailand 4.0 3.9 4.0
47 Other Asia 2.5 2.3 2.4
Africa
48 Egypt 1.3 1.1 1.1
49 Morocco .3 .4 .3
50 Zaire .0 .0 .0
51 Other Africa(3) .9 .8 .7
52 Eastern Europe 9.4 9.0 10.1
53 Russia(4) 1.5 1.4 1.0
54 Other 7.9 7.6 9.1
55 Offshore banking centers 52.4 50.6 69.9
56 Bahamas .5 .6 6.9
57 Bermuda 6.3 6.3 9.0
58 Cayman Islands and other
British West Indies 5.1 5.9 14.6
59 Netherlands Antilles 2.6 1.9 1.9
60 Panama(5) 3.3 2.5 3.2
61 Lebanon .1 .1 .1
62 Hong Kong, China 20.7 20.6 18.8
63 Singapore 13.6 12.7 15.2
64 Other(6) .1 .1 .2
65 Miscellaneous and
unallocated(7) 342.1 351.1 391.2
(1.) The banking offices covered by these data include U.S. offices
and foreign branches of U.S. banks, including U.S. banks that are
subsidiaries of foreign banks. Offices not covered include U.S.
agencies and branches of foreign banks. Beginning March 1994,
the data include large foreign subsidiaries of US banks. The data
also include other types of U.S. depository institutions as well
as some types of brokers and dealers. To eliminate duplication, the
data are adjusted to exclude the claims on foreign branches held by a
U.S. office or another foreign branch of the same banking institution.
These data are on a gross claims basis and do not necessarily
reflect the ultimate country risk or exposure of U.S. banks. More
complete data on the country risk exposure of U.S. banks are
available in the quarterly Country Exposure Lending Survey
published by the Federal Financial Institutions Examination
Council.
(2.) Organization of Petroleum Exporting Countries, shown
individually; other members of OPEC (Algeria, Gabon, Iran,
Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, and United
Arab Emirates); and Bahrain and Oman (not formally members of OPEC).
(3.) Excludes Liberia Beginning March 1994 includes Namibia.
(4.) As of December 1992, excludes other republics of the former
Soviet Union.
(5.) Includes Canal Zone.
(6.) Foreign branch claims only.
(7.) Includes New Zealand, Liberia, and international and
regional organizations.
3.22 LIABILITIES TO UNAFFILIATED FOREIGNERS Reported by
Nonbanking Business Enterprises in the United States
Millions of dollars, end of period
Type of liability, and 1997 1998 1999
area or country
1 Total 57,382 46,570 53,044
2 Payable in dollars 41,543 36,668 37,605
3 Payable in foreign currencies 15,839 9,902 15,415
By type
4 Financial liabilities 26,877 19,255 27,980
5 Payable in dollars 12,630 10,371 13,883
6 Payable in foreign currencies 14,247 8,884 14,097
7 Commercial liabilities 30,505 27,315 25,064
8 Trade payables 10,904 10,978 12,857
9 Advance receipts and other
liabilities 19,601 16,337 12,857
10 Payable in dollars 28,913 26,297 23,722
11 Payable in foreign currencies 1,592 1,018 1,318
By area or country
Financial liabilities
12 Europe 18,027 12,589 23,241
13 Belgium and Luxembourg 186 79 31
14 France 1,425 1,097 1,659
15 Germany 1,958 2,063 1,974
16 Netherlands 494 1,406 1,996
17 Switzerland 561 155 147
18 United Kingdom 11,667 5,980 16,521
19 Canada 2,374 693 284
20 Latin America and Caribbean 1,386 1,495 892
21 Bahamas 141 7 1
22 Bermuda 229 101 5
23 Brazil 143 152 126
24 British West Indies 604 957 492
25 Mexico 26 59 25
26 Venezuela 1 2 0
27 Asia 4,387 3,785 3,437
28 Japan 4,102 3,612 3,142
29 Middle Eastern oil-exporting
countries(1) 27 0 4
30 Africa 60 28 28
31 Oil-exporting countries(2) 0 0 0
32 All other(3) 643 665 98
Commercial liabilities
33 Europe 10,228 10,030 9,262
34 Belgium and Luxembourg 666 278 140
35 France 764 920 672
36 Germany 1,274 1,392 1,131
37 Netherlands 439 429 507
38 Switzerland 375 499 626
39 United Kingdom 4,086 3,697 3,071
40 Canada 1,175 1,390 1,775
41 Latin America and Caribbean 2,176 1,618 2,310
42 Bahamas 16 14 22
43 Bermuda 203 198 152
44 Brazil 220 152 145
45 British West Indies 12 10 48
46 Mexico 565 347 887
47 Venezuela 261 202 305
48 Asia 14,966 12,342 9,886
49 Japan 4,500 3,827 2,609
50 Middle Eastern oil-exporting
countries(1) 3,111 2,852 2,551
51 Africa 874 794 950
52 Oil-exporting countries(2) 408 393 499
53 Other(3) 1,086 1,141 881
1999 2000
Type of liability, and
area or country
Sept. Dec. Mar.
1 Total 52,979 53,044 53,489
2 Payable in dollars 36,296 37,605 35,614
3 Payable in foreign currencies 16,683 15,415 17,875
By type
4 Financial liabilities 27,422 27,980 29,180
5 Payable in dollars 12,231 13,883 12,858
6 Payable in foreign currencies 15,191 14,097 16,322
7 Commercial liabilities 25,557 25,064 24,309
8 Trade payables 12,651 12,857 12,401
9 Advance receipts and other
liabilities 12,906 12,207 11,908
10 Payable in dollars 24,065 23,722 22,756
11 Payable in foreign currencies 1,492 1,318 1,553
By area or country
Financial liabilities
12 Europe 21,695 23,241 24,050
13 Belgium and Luxembourg 50 31 4
14 France 1,675 1,659 1,849
15 Germany 1,712 1,974 1,880
16 Netherlands 2,066 1,996 1,970
17 Switzerland 133 147 97
18 United Kingdom 15,096 16,521 16,579
19 Canada 344 284 313
20 Latin America and Caribbean 1,180 892 846
21 Bahamas 1 1 1
22 Bermuda 26 5 1
23 Brazil 122 126 128
24 British West Indies 786 492 489
25 Mexico 28 25 22
26 Venezuela 0 0 0
27 Asia 3,622 3,437 3,275
28 Japan 3,384 3,142 2,985
29 Middle Eastern oil-exporting
countries(1) 3 4 4
30 Africa 31 28 28
31 Oil-exporting countries(2) 0 0 0
32 All other(3) 550 98 668
Commercial liabilities
33 Europe 9,265 9,262 8,646
34 Belgium and Luxembourg 128 140 78
35 France 620 672 539
36 Germany 1,201 1,131 914
37 Netherlands 535 507 648
38 Switzerland 593 626 536
39 United Kingdom 3,175 3,071 2,661
40 Canada 1,753 1,775 2,024
41 Latin America and Caribbean 1,957 2,310 2,286
42 Bahamas 24 22 9
43 Bermuda 178 152 287
44 Brazil 120 145 115
45 British West Indies 39 48 23
46 Mexico 704 887 805
47 Venezuela 182 305 193
48 Asia 10,428 9,886 9,681
49 Japan 2,689 2,609 2,274
50 Middle Eastern oil-exporting
countries(1) 2,618 2,551 2,308
51 Africa 959 950 943
52 Oil-exporting countries(2) 584 499 536
53 Other(3) 1,195 881 729
2000
Type of liability, and
area or country
June Sept. Dec.
1 Total 70,534 76,644 74,107
2 Payable in dollars 47,864 51,451 49,424
3 Payable in foreign currencies 22,670 25,193 24,683
By type
4 Financial liabilities 44,068 49,895 47,419
5 Payable in dollars 22,803 26,159 25,246
6 Payable in foreign currencies 21,265 23,736 22,173
7 Commercial liabilities 26,466 26,749 26,688
8 Trade payables 13,764 13,918 14,305
9 Advance receipts and other
liabilities 12,702 12,831 12,383
10 Payable in dollars 25,061 25,292 24,178
11 Payable in foreign currencies 1,405 1,457 2,510
By area or country
Financial liabilities
12 Europe 30,332 36,175 34,172
13 Belgium and Luxembourg 163 169 147
14 France 1,702 1,299 1,480
15 Germany 1,671 2,132 2,168
16 Netherlands 2,035 2,040 2,016
17 Switzerland 137 178 104
18 United Kingdom 21,463 28,601 26,362
19 Canada 714 249 411
20 Latin America and Caribbean 2,874 3,447 4,125
21 Bahamas 78 105 6
22 Bermuda 1,016 1,182 1,739
23 Brazil 146 132 148
24 British West Indies 463 501 406
25 Mexico 26 35 26
26 Venezuela 0 0 2
27 Asia 9,453 9,320 7,965
28 Japan 6,024 4,782 6,216
29 Middle Eastern oil-exporting
countries(1) 5 7 11
30 Africa 33 48 52
31 Oil-exporting countries(2) 0 0 0
32 All other(3) 662 656 694
Commercial liabilities
33 Europe 9,293 9,411 9,625
34 Belgium and Luxembourg 178 201 293
35 France 711 716 979
36 Germany 948 1,023 1,046
37 Netherlands 562 424 299
38 Switzerland 565 647 502
39 United Kingdom 2,982 2,951 3
40 Canada 2,053 1,889 1,932
41 Latin America and Caribbean 2,607 2,443 2,381
42 Bahamas 10 15 31
43 Bermuda 300 377 281
44 Brazil 119 167 114
45 British West Indies 22 19 76
46 Mexico 1,073 1,079 841
47 Venezuela 239 124 284
48 Asia 10,965 11,133 10,974
49 Japan 2,200 1,998 2,752
50 Middle Eastern oil-exporting
countries(1) 3,489 3,706 2,831
51 Africa 950 1,220 940
52 Oil-exporting countries(2) 575 663 475
53 Other(3) 598 653 836
(1.) Comprises Bahrain Iran, Iraq, Kuwait, Oman, Qatar Saudi Arabia,
and United Arab Emirates (Trucial States).
(2.) Comprises Algeria, Gabon, Libya, and Nigeria.
(3.) Includes nonmonetary international and regional organizations.
3.23 CLAIMS ON UNAFFILIATED FOREIGNERS Reported by Nonbanking Business
Enterprises in the United States
Millions of dollars, end of period
Type of claim, and 1997 1998 1999
area or country
1 Total 68,128 77,462 76,669
2 Payable in dollars 62,173 72,171 69,170
3 Payable in foreign currencies 5,955 5,291 7,472
By type
4 Financial claims 36,959 46,260 40,231
5 Deposits 22,909 30,199 18,566
6 Payable in dollars 21,060 28,549 16,373
7 Payable in foreign
currencies 1,849 1,650 2,193
8 Other financial claims 14,050 16,061 21,665
9 Payable in dollars 11,806 14,049 18,593
10 Payable in foreign
currencies 2,244 2,012 3,072
11 Commercial claims 31,169 31,202 36,438
12 Trade receivables 27,536 27,202 32,629
13 Advance payments and other
claims 3,633 4,000 3,809
14 Payable in dollars 29,307 29,573 34,204
15 Payable in foreign
currencies 1,862 1,629 2,207
By area or country
Financial claims
16 Europe 14,999 12,294 13,023
17 Belgium and Luxembourg 406 661 529
18 France 1,015 864 967
19 Germany 427 304 504
20 Netherlands 677 875 1,229
21 Switzerland 434 414 643
22 United Kingdom 10,337 7,766 7,561
23 Canada 3,313 2,503 2,553
24 Latin America and Caribbean 15,543 27,714 18,206
25 Bahamas 2,308 403 1,593
26 Bermuda 108 39 11
27 Brazil 1,313 835 1,476
28 British West Indies 10,462 24,388 12,099
29 Mexico 537 1,245 1,798
30 Venezuela 36 55 48
31 Asia 2,133 3,027 5,457
32 Japan 823 1,194 3,262
33 Middle Eastern oil-
exporting countries(1) 11 9 23
34 Africa 319 159 286
35 Oil-exporting countries(2) 15 16 15
36 All other(3) 652 563 706
Commercial claims
37 Europe 12,120 13,246 16,389
38 Belgium and Luxembourg 328 238 316
39 France 1,796 2,171 2,236
40 Germany 1,614 1,822 1,960
41 Netherlands 597 467 1,429
42 Switzerland 554 483 610
43 United Kingdom 3,660 4,769 5,827
44 Canada 2,660 2,617 2,757
45 Latin America and Caribbean 5,750 6,296 5,959
46 Bahamas 27 24 20
47 Bermuda 244 536 390
48 Brazil 1,162 1,024 905
49 British West Indies 109 104 181
50 Mexico 1,392 1,545 1,678
51 Venezuela 576 401 439
52 Asia 8,713 7,192 9,165
53 Japan 1,976 1,681 2,074
54 Middle Eastern oil-
exporting countries(1) 1,107 1,135 1,625
55 Africa 680 711 631
56 Oil-exporting countries(1) 119 165 171
57 Other(3) 1,246 1,140 1,537
1999 2000
Type of claim, and
area or country
Sept. Dec. Mar.
1 Total 67,566 76,669 84,266
2 Payable in dollars 60,456 69,170 74,331
3 Payable in foreign currencies 7,110 7,472 9,935
By type
4 Financial claims 33,877 40,231 47,798
5 Deposits 15,192 18,566 23,316
6 Payable in dollars 13,240 16,373 21,442
7 Payable in foreign
currencies 1,952 2,193 1,874
8 Other financial claims 18,685 21,665 24,482
9 Payable in dollars 15,718 18,593 19,659
10 Payable in foreign
currencies 2,967 3,072 4,823
11 Commercial claims 33,689 36,438 36,468
12 Trade receivables 29,397 32,629 31,443
13 Advance payments and other
claims 4,292 3,809 5,025
14 Payable in dollars 31,498 34,204 33,230
15 Payable in foreign
currencies 2,191 2,207 3,238
By area or country
Financial claims
16 Europe 13,878 13,023 16,789
17 Belgium and Luxembourg 574 529 540
18 France 1,212 967 1,835
19 Germany 549 504 669
20 Netherlands 1,067 1,229 1,981
21 Switzerland 559 643 612
22 United Kingdom 8,157 7,561 9,044
23 Canada 3,172 2,553 3,175
24 Latin America and Caribbean 12,749 18,206 21,945
25 Bahamas 755 1,593 1,299
26 Bermuda 524 11 11
27 Brazil 1,265 1,476 1,646
28 British West Indies 7,263 12,099 15,814
29 Mexico 1,791 1,798 1,979
30 Venezuela 47 48 65
31 Asia 3,205 5,457 4,430
32 Japan 1,250 3,262 2,021
33 Middle Eastern oil-
exporting countries(1) 5 23 29
34 Africa 251 286 232
35 Oil-exporting countries(2) 12 15 15
36 All other(3) 622 706 1,227
Commercial claims
37 Europe 14,367 16,389 16,118
38 Belgium and Luxembourg 289 316 271
39 France 2,375 2,236 2,520
40 Germany 1,944 1,960 2,034
41 Netherlands 617 1,429 1,337
42 Switzerland 714 610 611
43 United Kingdom 4,789 5,827 5,354
44 Canada 2,638 2,757 3,088
45 Latin America and Caribbean 5,879 5,959 5,899
46 Bahamas 29 20 15
47 Bermuda 549 390 404
48 Brazil 763 905 849
49 British West Indies 157 181 95
50 Mexico 1,613 1,678 1,529
51 Venezuela 365 439 435
52 Asia 8,579 9,165 9,101
53 Japan 1,823 2,074 2,082
54 Middle Eastern oil-
exporting countries(1) 1,479 1,625 1,533
55 Africa 682 631 716
56 Oil-exporting countries(1) 221 171 82
57 Other(3) 1,544 1,537 1,546
2000
Type of claim, and
area or country
June Sept. Dec.
1 Total 80,725 94,803 90,951
2 Payable in dollars 72,294 82,872 81,176
3 Payable in foreign currencies 8,431 11,931 9,775
By type
4 Financial claims 44,303 58,303 53,031
5 Deposits 17,462 30,928 23,374
6 Payable in dollars 15,361 27,974 21,015
7 Payable in foreign
currencies 2,101 2,954 2,359
8 Other financial claims 26,841 27,375 29,657
9 Payable in dollars 22,384 20,541 25,142
10 Payable in foreign
currencies 4,457 6,834 4,515
11 Commercial claims 36,422 36,500 37,920
12 Trade receivables 31,277 31,530 33,458
13 Advance payments and other
claims 5,145 4,970 4,462
14 Payable in dollars 34,549 34,357 35,019
15 Payable in foreign
currencies 1,873 2,143 2,901
By area or country
Financial claims
16 Europe 18,254 23,706 23,136
17 Belgium and Luxembourg 317 304 296
18 France 1,292 1,477 1,206
19 Germany 576 696 848
20 Netherlands 1,984 2,486 1,396
21 Switzerland 624 626 699
22 United Kingdom 11,668 16,191 15,900
23 Canada 5,799 7,517 4,576
24 Latin America and Caribbiean 14,874 21,691 19,317
25 Bahamas 655 1,358 1,353
26 Bermuda 34 22 19
27 Brazil 1,666 1,568 1,827
28 British West Indies 7,751 15,722 12,596
29 Mexico 2,048 2,280 2,448
30 Venezuela 78 101 87
31 Asia 3,923 4,002 4,697
32 Japan 1,410 1,726 1,631
33 Middle Eastern oil-
exporting countries(1) 42 85 80
34 Africa 320 284 411
35 Oil-exporting countries(2) 39 3 57
36 All other(3) 1,133 1,103 894
Commercial claims
37 Europe 15,928 16,486 15,938
38 Belgium and Luxembourg 425 393 452
39 France 2,692 2,921 3,095
40 Germany 1,906 2,159 1,982
41 Netherlands 1,242 1,310 1,729
42 Switzerland 563 684 763
43 United Kingdom 4,929 5,193 4,502
44 Canada 3,250 2,953 3,505
45 Latin America and Caribbean 5,792 5,788 5,842
46 Bahamas 48 75 37
47 Bermuda 381 387 376
48 Brazil 894 981 956
49 British West Indies 51 55 137
50 Mexico 1,565 1,612 1,507
51 Venezuela 466 379 326
52 Asia 9,173 8,986 9,636
53 Japan 1,882 2,074 2,791
54 Middle Eastern oil-
exporting countries(1) 1,241 1,199 1,024
55 Africa 766 895 671
56 Oil-exporting countries(1) 160 392 179
57 Other(3) 1,513 1,392 2,328
(1.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi
Arabia, and United Arab Emirates (Trucial States).
(2.) Comprises Algeria, Gabon, Libya, and Nigeria.
(3.) Includes nonmonetary international and regional
organizations.
3.24 FOREIGN TRANSACTIONS IN SECURITIES
Millions of dollars
2001 2000
Transaction, and 1999 2000
area or country
Jan.- July
Jan.
US corporate securities
STOCKS
1 Foreign purchases 2,340,659 3,605,196 301,650 271,572
2 Foreign sales 2,233,137 3,430,306 277,706 255,999
3 Net purchases, or
sales (-) 107,522 174,890 23,944 15,573
4 Foreign countries 107,578 174,903 23,906 15,563
5 Europe 98,060 164,656 12,329 13,349
6 France 3,813 5,727 243 1,292
7 Germany 13,410 31,752 2,380 371
8 Netherlands 8,083 4,915 2,206 554
9 Switzerland 5,650 11,960 70 1,702
10 United Kingdom 42,902 58,736 3,064 6,460
11 Channel Islands &
Isle of Man(1) n.a. n.a. n.a. n.a.
12 Canada -335 5,956 1,490 -166
13 Latin America and
Caribbean 5,187 -17,812 5,445 1,363
14 Middle East(2) -1,066 9,189 -554 98
15 Other Asia 4,445 12,494 5,565 815
16 Japan 5,723 2,070 1,002 492
17 Africa 372 415 -362 -124
18 Other countries 915 5 -7 228
19 Nonmonetary
international
and regional
organizations -56 -11 38 10
BONDS(3)
20 Foreign purchases 854,692 1,206,662 138,295 87,580
21 Foreign sales 602,100 871,418 111,327 67,010
22 Net purchases, or
sales (-) 252,592 335,244 26,968 20,570
23 Foreign countries 252,994 335,348 27,065 20,482
24 Europe 140,674 179,706 17,397 7,789
25 France 1,870 2,216 405 85
26 Germany 7,723 4,067 2,450 154
27 Netherlands 2,446 1,130 664 -575
28 Switzerland 4,553 3,833 321 1,003
29 United Kingdom 106,344 140,152 11,251 4,003
30 Channel Islands &
Isle of Man(1) n.a. n.a. n.a. n.a.
31 Canada 6,043 13,287 376 943
32 Latin America and
Caribbean 58,783 59,443 4,969 4,743
33 Middle East(1) 1,979 2,076 726 264
34 Other Asia 42,817 78,280 3,514 6,601
35 Japan 17,541 38,842 910 3,320
36 Africa 1,411 938 29 10
37 Other countries 1,287 1,618 54 132
38 Nonmonetary
international
and regional
organizations -402 -70 -97 88
Foreign securities
39 Stocks, net
purchases,
or sales (-) 15,640 -9,297 -2,940 -14,970
40 Foreign purchases 1,177,303 1,802,452 148,111 136,467
41 Foreign sales 1,161,663 1,811,749 151,051 151,437
42 Bonds, net
purchases,
or sales (-) -5,676 -3,878 -1,360 -6,488
43 Foreign purchases 798,267 959,408 120,666 68425
44 Foreign sales 803,943 963,286 122,026 74,913
45 Net purchases,
or sales (-),
of stocks and
bonds 9,964 -13,175 -4,300 -21,458
46 Foreign countries 9,679 -13,311 -4,011 -21,217
47 Europe 59,247 -23,609 -4,878 -23,431
48 Canada -999 -3,856 767 255
49 Latin America and
Caribbean -4,726 -15,116 863 -979
50 Asia -42,961 25,975 -1,005 2,977
51 Japan -43,637 21,886 164 4,119
52 Africa 710 947 -70 532
53 Other Countries -1,592 2,348 312 -5,711
54 Nonmonetary
international
and regional
organizations 285 150 -289 -241
2000
Transaction, and
area or country
Aug. Sept. Oct.
US corporate securities
STOCKS
1 Foreign purchases 286,819 297,677 339,995
2 Foreign sales 262,546 289,118 323,659
3 Net purchases, or
sales (-) 24,273 8,559 16,336
4 Foreign countries 24,249 8,603 16,338
5 Europe 15,678 10,014 14,040
6 France 575 -565 1,757
7 Germany 2,670 643 1,383
8 Netherlands 594 792 -135
9 Switzerland 1,114 780 488
10 United Kingdom 7,098 5,163 6,283
11 Channel Islands &
Isle of Man(1) n.a. n.a. n.a.
12 Canada 1,267 -924 194
13 Latin America and
Caribbean 4,907 -3,406 -4,400
14 Middle East(2) 908 52 754
15 Other Asia 1,789 2,707 5,840
16 Japan 568 2,467 2,640
17 Africa 2 -56 -27
18 Other countries -302 216 -63
19 Nonmonetary
international
and regional
organizations 24 -42 -2
BONDS(3)
20 Foreign purchases 107,808 106,384 103,028
21 Foreign sales 69,514 76,225 71,686
22 Net purchases, or
sales (-) 38,294 30,159 31,342
23 Foreign countries 38,215 30,161 31,356
24 Europe 21,618 17,058 16,965
25 France 334 -819 347
26 Germany 1,185 44 433
27 Netherlands 850 -818 848
28 Switzerland 757 333 350
29 United Kingdom 15,909 15,950 12,503
30 Channel Islands &
Isle of Man(1) n.a. n.a. n.a.
31 Canada 1,965 811 897
32 Latin America and
Caribbean 3,829 6,338 5,018
33 Middle East(1) 54 -702 -54
34 Other Asia 10,562 6,777 8,215
35 Japan 5,664 3,573 3,690
36 Africa 37 49 58
37 Other countries 150 -170 257
38 Nonmonetary
international
and regional
organizations 110 -2 -14
Foreign securities
39 Stocks, net
purchases,
or sales (-) 672 10,217 3,011
40 Foreign purchases 142,850 148,664 152,872
41 Foreign sales 142,178 138,447 149,861
42 Bonds, net
purchases,
or sales (-) -2,812 265 -3,443
43 Foreign purchases 74,803 92,179 98,519
44 Foreign sales 77,615 91,914 101,962
45 Net purchases,
or sales (-),
of stocks and
bonds -2,140 10,482 -432
46 Foreign countries -1,986 10,307 -599
47 Europe -5,786 -1,986 -3,879
48 Canada 910 -1,122 1,813
49 Latin America and
Caribbean -892 585 1,010
50 Asia 3,159 3,842 -73
51 Japan 1,478 2,063 -1,262
52 Africa -50 48 14
53 Other Countries 673 601 516
54 Nonmonetary
international
and regional
organizations -154 179 167
2000 2001
Transaction, and
area or country
Nov. Dec. Jan.
US corporate securities
STOCKS
1 Foreign purchases 284,909 286,161 301,650
2 Foreign sales 275,855 275,034 277,706
3 Net purchases, or
sales (-) 9,054 11,127 23,944
4 Foreign countries 9,068 11,145 23,906
5 Europe 7,485 10,779 12,329
6 France 408 40 243
7 Germany 988 777 2,380
8 Netherlands 323 1,691 2,206
9 Switzerland -598 -684 70
10 United Kingdom 3,210 7,773 3,064
11 Channel Islands &
Isle of Man(1) n.a. n.a. -13
12 Canada 1,477 1,468 1,490
13 Latin America and
Caribbean -2,979 -2,759 5,529
14 Middle East(2) 340 277 -554
15 Other Asia 3,310 1,451 5,565
16 Japan 662 1,615 1,002
17 Africa 80 -45 -362
18 Other countries -645 -26 -7
19 Nonmonetary
international
and regional
organizations -14 -18 38
BONDS(3)
20 Foreign purchases 114686 117,904 138,295
21 Foreign sales 77,596 90,143 111,327
22 Net purchases, or
sales (-) 37,090 27,761 26,968
23 Foreign countries 37,224 27,759 27,065
24 Europe 16,522 16,560 17,397
25 France 272 138 405
26 Germany 537 -178 2,450
27 Netherlands 183 275 664
28 Switzerland 483 -89 321
29 United Kingdom 12,952 12,825 11,251
30 Channel Islands &
Isle of Man(1) n.a. n.a. 107
31 Canada 1,179 414 376
32 Latin America and
Caribbean 6,600 4,126 6,636
33 Middle East(1) 437 1,077 726
34 Other Asia 11,839 5,535 3,514
35 Japan 7,435 2,932 910
36 Africa 25 76 29
37 Other countries 622 -29 54
38 Nonmonetary
international
and regional
organizations -134 2 -97
Foreign securities
39 Stocks, net
purchases,
or sales (-) 5,563 -3,195 -2,940
40 Foreign purchases 141,600 135,417 148,111
41 Foreign sales 136,037 138,612 151,051
42 Bonds, net
purchases,
or sales (-) 8,434 -1,175 -1,360
43 Foreign purchases 94,938 83,721 120,666
44 Foreign sales 86,504 84,896 122,026
45 Net purchases,
or sales (-),
of stocks and
bonds 13,997 -4,370 -4,300
46 Foreign countries 13,758 -3,951 -4,011
47 Europe 7,373 -4,452 -4,878
48 Canada 574 -1,357 767
49 Latin America and
Caribbean -521 -207 641
50 Asia 5,742 1,872 -1,005
51 Japan 2,067 1,824 164
52 Africa -28 -4 -70
53 Other Countries 618 195 312
54 Nonmonetary
international
and regional
organizations 239 -419 -289
(1.) Before January 2001, these data were included in
United Kingdom.
(2.) Comprises oil-exporting countries as follows: Bahrain,
Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and United
Arab Emirates (Trucial States).
(3.) Includes state and local government securities and
securities of US government agencies and corporations. Also
includes issues of new debt securities sold abroad by U.S.
corporations organized to finance direct investments abroad.
3.25 MARKETABLE U.S. TREASURY BONDS AND NOTES Foreign Transactions(1)
Millions of dollars; net purchases, or sales (-) during period
2001
Area or country 1999 2000
Jan.-
Jan.
1 Total estimated -9,953 -53,790 -9,064
2 Foreign countries -10,518 -53,329 -8,531
3 Europe -38,228 -50,704 -5,000
4 Belgium(2) -81 73 164
5 Germany 2,285 -7,304 -873
6 Luxembourg(2) n.a. n.a. 411
7 Netherlands 2,122 2,140 -793
8 Sweden 1,699 1,082 218
9 Switzerland -1,761 -10,326 755
10 United Kingdom -20,232 -33,669 -2,695
11 Channel Islands and Isle
of Man(3) n.a. n.a. -98
12 Other Europe and former
U.S.S.R. -22,260 -2,700 -2,089
13 Canada 7,348 -308 -2,067
14 Latin America and
Caribbean -7,523 -4,914 2,407
15 Venezuela 362 1,288 227
16 Other Latin America and
Caribbean 1,661 -11,581 3,261
17 Netherlands Antilles -9,546 5,379 -1,081
18 Asia 29,359 1,639 -4,641
19 Japan 20,102 10,580 -4,261
20 Africa -3,021 -414 -91
21 Other 1,547 1,372 861
22 Nonmonetary international
and regional
organizations 565 -461 -533
23 International 190 -483 -275
24 Latin American regional 666 76 1
MEMO
25 Foreign countries -10,518 -53,329 -8,531
26 Official institutions -9,861 -6,302 2,226
27 Other foreign -657 -47,027 -10,757
Oil-exporting countries
28 Middle East(4) 2,207 3,483 -176
29 Africa(5) 0 0 -6
2000
Area or country
July Aug. Sept.
1 Total estimated -6,061 -114 -8,516
2 Foreign countries -5,746 -117 -8,741
3 Europe -6,351 3,707 -1,284
4 Belgium(2) -138 138 -127
5 Germany -2,199 -36 -1,738
6 Luxembourg(2) n.a. n.a. n.a.
7 Netherlands -584 91 836
8 Sweden 114 56 214
9 Switzerland -1,398 -338 -959
10 United Kingdom -4,372 3,054 -1,865
11 Channel Islands and Isle
of Man(3) n.a. n.a. n.a.
12 Other Europe and former
U.S.S.R. 2,226 742 2,355
13 Canada -872 222 1,417
14 Latin America and
Caribbean 1,415 245 -4,979
15 Venezuela 89 45 314
16 Other Latin America and
Caribbean 1,261 61 -4,936
17 Netherlands Antilles 65 139 -357
18 Asia -488 -4,918 -3,319
19 Japan 672 367 1,717
20 Africa 4 9 -139
21 Other 546 618 -437
22 Nonmonetary international
and regional
organizations -315 3 225
23 International -333 15 391
24 Latin American regional -1 -10 1
MEMO
25 Foreign countries -5,746 -117 -8,741
26 Official institutions -639 449 -6,626
27 Other foreign -5,107 -566 -2,115
Oil-exporting countries
28 Middle East(4) 267 217 -1,030
29 Africa(5) 0 0 0
2000 2001
Area or country
Oct. Nov. Dec. Jan.(p)
1 Total estimated -3,038 -14,106 -9,789 -9,064
2 Foreign countries -3,223 -13,959 -9,904 -8,531
3 Europe -3,707 -10,991 -6,850 -5,000
4 Belgium(2) 320 53 -96 164
5 Germany 1,424 -2,185 -1,065 -873
6 Luxembourg(2) n.a. n.a. n.a. 411
7 Netherlands 183 264 -1,622 -793
8 Sweden -118 -104 328 218
9 Switzerland -57 -301 64 755
10 United Kingdom -3,793 -6,035 -4,199 -2,695
11 Channel Islands and Isle
of Man(3) n.a. n.a. n.a. -98
12 Other Europe and former
U.S.S.R. -1,666 -2,683 -260 -2,089
13 Canada 160 -1,173 -1,492 -2,067
14 Latin America and
Caribbean 3,963 -507 -245 2,407
15 Venezuela 152 251 300 227
16 Other Latin America and
Caribbean 3,030 -1,262 -1,746 3,261
17 Netherlands Antilles 781 504 1,201 -1,081
18 Asia -4,688 -1,289 -458 -4,641
19 Japan 1,608 4,445 -3,855 -4,261
20 Africa -6 -16 -44 -91
21 Other 1,056 17 -815 861
22 Nonmonetary international
and regional
organizations 185 -147 115 -533
23 International 39 -146 24 -275
24 Latin American regional 28 -1 6 1
MEMO
25 Foreign countries -3,222 -13,959 -9,904 -8,531
26 Official institutions -7,150 -4,967 1,068 2,226
27 Other foreign 3,928 -8,992 -10,972 -10,757
Oil-exporting countries
28 Middle East(4) -724 -888 48 -176
29 Africa(5) 0 0 0 -6
(1.) Official and private transactions in marketable U.S. Treasury
securities having an original maturity of more than one year. Data are
based on monthly transactions reports. Excludes nonmarketable U.S.
Treasury bonds and notes held by official institutions of foreign
countries.
(2.) Before January 2001, combined data reported for Belgium and
Luxembourg.
(3.) Before January 2001, these data were included in United Kingdom.
(4.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(5.) Comprises Algeria, Gabon, Libya, and Nigeria.
3.28 FOREIGN EXCHANGE RATES AND INDEXES OF THE FOREIGN EXCHANGE VALUE
OF THE U.S. DOLLAR(1)
Currency units per U.S. dollar except as noted
Item 1998 1999 2000
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar(2) 62.91 64.54 58.15
2 Austria/schilling 12.379 n.a. n.a.
3 Belgium/franc 36.31 n.a. n.a.
4 Brazil/real 1.1605 1.8207 1.8301
5 Canada/dollar 1.4836 1.4858 1.4855
6 China, P.R./yuan 8.3008 8.2783 8.2784
7 Denmark/krone 6.7030 6.9900 8.0953
8 European Monetary
Union/euro(3) n.a. 1.0653 0.9232
9 Finland/markka 5.3473 n.a. n.a.
10 France/franc 5.8995 n.a. n.a.
11 Germany/deutsche mark 1.7597 n.a. n.a.
12 Greece/drachma 295.7 306.30 365.92
13 Hong Kong/dollar 7.7467 7.7594 7.7924
14 India/rupee 41.36 43.13 45.00
15 Ireland/pound(2) 142.48 n.a. n.a.
16 Italy/lira 1736.85 n.a. n.a.
17 Japan/yen 130.99 113.73 107.80
18 Malaysia/ringgit 3.9254 3.8000 3.8000
19 Mexico/peso 9.152 9.553 9.459
20 Netherlands/guilder 1.9837 n.a. n.a.
21 New Zealand/dollar(2) 53.61 52.94 45.68
22 Norway/krone 7.5521 7.8071 8.8131
23 Portugal/escudo 180.25 n.a. n.a.
24 Singapore/dollar 1.6722 1.6951 1.7250
25 South Africa/rand 5.5417 6.1191 6.9468
26 South Korea/won 1,400.40 1,189.84 1,130.90
27 Spain/peseta 149.41 n.a. n.a.
28 Sri Lanka/rupee 65.006 70.868 76.964
29 Sweden/krona 7.9522 8.2740 9.1735
30 Switzerland/franc 1.4506 1.5005 1.6904
31 Taiwan/dollar 33.547 32.322 31.26
32 Thailand/baht 41.262 37.887 40.21
33 United Kingdom/pound(2) 165.73 161.72 151.56
34 Venezuela/bolivar 548.39 606.82 680.52
Indexes(4)
NOMINAL
35 Broad (January
1997 = 100)(5) 116.48 116.87 119.93
36 Major currencies
(March 1973 = 100)(6) 95.79 94.07 98.34
37 Other important trading
partners (January
1997 = 100)(7) 126.03 129.94 130.26
REAL
38 Broad (March
1973 = 100)(5) 99.20 98.52 102.18
39 Major currencies
(March 1973 = 100)(6) 97.23 96.66 102.85
40 Other important trading
partners (March
1973 = 100)(7) 108.11 107.23 107.68
2000
Item
Oct. Nov. Dec.
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar(2) 52.80 52.18 54.66
2 Austria/schilling n.a. n.a. n.a.
3 Belgium/franc n.a. n.a. n.a.
4 Brazil/real 1.8813 1.9483 1.9632
5 Canada/dollar 1.5125 1.5426 1.5219
6 China, P.R./yuan 8.2785 8.2774 8.2771
7 Denmark/krone 8.7276 8.6992 8.3059
8 European Monetary
Union/euro(3) 0.8525 0.8552 0.8983
9 Finland/markka n.a. n.a. n.a.
10 France/franc n.a. n.a. n.a.
11 Germany/deutsche mark n.a. n.a. n.a.
12 Greece/drachma 398.29 397.94 379.58
13 Hong Kong/dollar 7.7977 7.7991 7.7991
14 India/rupee 46.43 46.82 46.78
15 Ireland/pound(2) n.a. n.a. n.a.
16 Italy/lira n.a. n.a. n.a.
17 Japan/yen 108.44 109.01 112.21
18 Malaysia/ringgit 3.8000 3.8000 3.8000
19 Mexico/peso 9.537 9.508 9.467
20 Netherlands/guilder n.a. n.a. n.a.
21 New Zealand/dollar(2) 40.01 39.90 42.97
22 Norway/krone 9.3794 9.3524 9.0616
23 Portugal/escudo n.a. n.a. n.a.
24 Singapore/dollar 1.7525 1.7478 1.7361
25 South Africa/rand 7.4902 7.6889 7.6439
26 South Korea/won 1,131.10 1,156.54 1,216.94
27 Spain/peseta n.a. n.a. n.a.
28 Sri Lanka/rupee 79.291 80.381 82.030
29 Sweden/krona 9.9930 10.0965 9.6604
30 Switzerland/franc 1.7745 1.7779 1.6855
31 Taiwan/dollar 31.846 32.433 33.123
32 Thailand/baht 43.334 43.791 43.246
33 United Kingdom/pound(2) 145.06 142.58 146.29
34 Venezuela/bolivar 692.86 695.77 698.85
Indexes(4)
NOMINAL
35 Broad (January
1997 = 100)(5) 123.27 124.21 123.28
36 Major currencies
(March 1973 = 100)(6) 102.24 103.08 101.26
37 Other important trading
partners (January
1997 = 100)(7) 131.99 132.87 133.61
REAL
38 Broad (March
1973 = 100)(5) 105.23 105.73 104.85(r)
39 Major currencies
(March 1973 = 100)(6) 107.30 108.12 106.17
40 Other important trading
partners (March
1973 = 100)(7) 109.07(r) 109.19(r) 109.65(r)
2001
Item
Jan. Feb. Mar.
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar(2) 55.52 53.38 50.31
2 Austria/schilling n.a. n.a. n.a.
3 Belgium/franc n.a. n.a. n.a.
4 Brazil/real 1.9561 2.0060 2.0955
5 Canada/dollar 1.5032 1.5216 1.5587
6 China, P.R./yuan 8.2776 8.2771 8.2775
7 Denmark/krone 7.9629 8.1103 8.2229
8 European Monetary
Union/euro(3) 0.9376 0.9205 0.9083
9 Finland/markka n.a. n.a. n.a.
10 France/franc n.a. n.a. n.a.
11 Germany/deutsche mark n.a. n.a. n.a.
12 Greece/drachma n.a. n.a. 366.52
13 Hong Kong/dollar 7.7998 7.7999 7.7999
14 India/rupee 46.61 46.56 46.65
15 Ireland/pound(2) n.a. n.a. n.a.
16 Italy/lira n.a. n.a. n.a.
17 Japan/yen 116.67 116.23 121.51
18 Malaysia/ringgit 3.8000 3.8000 3.8000
19 Mexico/peso 9.769 9.711 9.599
20 Netherlands/guilder n.a. n.a. n.a.
21 New Zealand/dollar(2) 44.42 43.45 41.82
22 Norway/krone 8.7817 8.9180 8.9859
23 Portugal/escudo n.a. n.a. n.a.
24 Singapore/dollar 1.7380 1.7435 1.7732
25 South Africa/rand 7.7786 7.8214 7.8980
26 South Korea/won 1,272.63 1,252.85 1,291.41
27 Spain/peseta n.a. n.a. n.a.
28 Sri Lanka/rupee 85.833 87.136 85.73
29 Sweden/krona 9.4910 9.7518 10.0516
30 Switzerland/franc 1.6305 1.6686 1.6908
31 Taiwan/dollar 32.673 32.330 32.622
32 Thailand/baht 43.149 42.665 43.988
33 United Kingdom/pound(2) 147.75 145.25 144.45
34 Venezuela/bolivar 700.02 703.36 706.06
Indexes(4)
NOMINAL
35 Broad (January
1997 = 100)(5) 123.14 123.77 125.91
36 Major currencies
(March 1973 = 100)(6) 100.24 101.44 103.98
37 Other important trading
partners (January
1997 = 100)(7) 135.01 134.52 135.56
REAL
38 Broad (March
1973 = 100)(5) 105.27(r) 106.04(r) 108.66
39 Major currencies
(March 1973 = 100)(6) 105.95(r) 107.43(r) 110.60
40 Other important trading
partners (March
1973 = 100)(7) 110.94(r) 110.81(r) 112.90
(1.) Averages of certified noon buying rates in New York for cable
transfers. Data in this table also appear in the Board's G.5 (405)
monthly statistical release. For ordering address, see inside front
cover.
(2.) U.S. cents per currency unit.
(3.) The euro is reported in place of the individual euro area
currencies. By convention, the rate is reported in U.S. dollars per
euro. The bilateral currency rates can be derived from the euro rate
by using the fixed conversion rates (in currencies per euro) as shown
below:
Euro equals
13.7603 Austrian schillings
40.3399 Belgian francs
5.94573 Finnish markkas
6.55957 French francs
1.95583 German marks
.787564 Irish pounds
1936.27 Italian lire
40.3399 Luxembourg francs
2.20371 Netherlands guilders
200.482 Portuguese escudos
166.386 Spanish pesetas
340.750 Greek drachmas
(4.) Starting with the February 2001 Bulletin, revised index values
resulting from the annual revision of data that underlie the
calculated trade weights are reported. For more information on the
indexes of foreign exchange value of the dollar, see Federal Reserve
Bulletin, vol. 84 (October 1998), pp. 811-818.
(5.) Weighted average of the foreign exchange value of the U.S. dollar
against the currencies of a broad group of U.S. trading partners. The
weight for each currency is computed as an average of U.S. bilateral
import shares from and export shares to the issuing country and of a
measure of the importance to U.S. exporters of that country's trade in
third country markets.
(6.) Weighted average of the foreign exchange value of the U.S. dollar
against a subset of broad index currencies that circulate widely
outside the country of issue. The weight for each currency is its
broad index weight scaled so that the weights of the subset of
currencies in the index sum to one.
(7.) Weighted average of the foreign exchange value of the U.S. dollar
against a subset of broad index currencies that do not circulate
widely outside the country of issue. The weight for each currency is
its broad index weight scaled so that the weights of the subset of
currencies in the index sum to one.
Guide to Statistical Releases and Special Tables
STATISTICAL RELEASES--List Published
Semiannually, with Latest Bulletin Reference
Issue Page
Anticipated schedule of release dates for
periodic releases December 2000 A72
SPECIAL TABLES--Data Published Irregularly,
with Latest Bulletin Reference
Title and Date Issue Page
Assets and liabilities of commercial banks December 2000
March 31, 2000 August 2000 A64
June 30, 2000 November 2000 A64
September 30, 2000 February 2001 A64
December 31, 2000 May 2001 A64
Terms of lending at commercial banks
May 1, 2000 August 2000 A66
August 1, 2000 November 2000 A66
November 1, 2000 February 2001 A66
February 1, 2001 May 2001 A66
Assets and liabilities of U.S. branches and
agencies of foreign banks
March 31, 2000 August 2000 A72
June 30, 2000 November 2000 A72
September 30, 2000 February 2001 A72
December 31, 2000 May 2001 A72
Pro forma balance sheet and income statements
for priced service operations
March 31, 2000 August 2000 A76
June 30, 2000 November 2000 A76
September 30, 2000 February 2001 A76
Residential lending reported under the Home
Mortgage Disclosure Act
1998 September 1999 A64
1999 September 2000 A64
Disposition of applications for private
mortgage insurance
1998 September 1999 A73
1999 September 2000 A73
Small loans to businesses and farms
1998 September 1999 A76
1999 September 2000 A76
Community development lending reported under
the Community Reinvestment Act
1998 September 1999 A79
1999 September 2000 A79
4.20 DOMESTIC AND FOREIGN OFFICES Insured Commercial Bank Assets and
Liabilities Consolidated Report of Condition, December 31, 2000
Millions of dollars except as noted
Domestic
Item Total total
1 Total assets(3) 6,164,193 5,429,062
2 Cash and balances due from depository
institutions 362,532 264,805
3 Cash items in process of collection,
unposted debits, and currency and
coin n.a. n.a.
4 Cash items in process of collection and
unposted debits n.a. n.a.
5 Currency and coin n.a. n.a.
6 Balances due from depository institutions
in the United States n.a. n.a.
7 Balances due from banks in foreign
countries and foreign central banks n.a. n.a.
8 Balances due from Federal Reserve Banks n.a. n.a.
MEMO
9 Non-interest-bearing balances due from
commercial banks in the United States
(included in balances due from depository
institutions in the United States) n.a. 36,153
10 Total securities, held-to-maturity
(amortized cost) and available-for-sale
(fair value) 1,057,966 n.a.
11 U.S. Treasury securities 74,346 n.a.
12 U.S. government agency and corporation
obligations (excludes mortgage-backed
securities) 219,116 n.a.
13 Issued by U.S. government agencies 4,964 n.a.
14 Issued by U.S. government-sponsored
agencies 214,152 n.a.
15 Securities issued by states and political
subdivisions in the United States 92,210 n.a.
16 General obligations 65,688 n.a.
17 Revenue obligations 25,858 n.a.
18 Industrial development and similar
obligations 665 n.a.
19 Mortgage-backed securities (MBS) 463,632 n.a.
20 Pass-through securities 292,325 n.a.
21 Guaranteed by GNMA 70,775 n.a.
22 Issued by FNMA and FHLMC 218,986 n.a.
23 Privately issued 2,564 n.a.
24 Other mortgage-backed securities
(includes CMOs, REMICs, and
stripped MBS) 171,307 n.a.
25 Issued or guaranteed by FNMA, FHLMC,
or GNMA 108,811 n.a.
26 Collateralized by MBS issued or
guaranteed by FNMA, FHLMC, or GNMA 4,313 n.a.
27 All other mortgage-backed securities 58,183 n.a.
28 Other debt securities 168,087 n.a.
29 Other domestic debt securities n.a. n.a.
30 Foreign debt securities n.a. n.a.
31 Equity securities 40,575 n.a.
32 Investments in mutual funds and other
equity securities with readily
determinable fair value 13,827 n.a.
33 All other equity securities 26,748 n.a.
34 Federal funds sold and securities purchased
under agreements to resell 279,437 224,703
35 Total loans and lease-financing
receivables, gross 3,776,942 3,486,494
36 LESS: Unearned income on loans 2,829 2,216
37 Total loans and leases (net of unearned
income) 3,774,113 3,484,279
38 LESS: Allowance for loan and lease losses 62,848 n.a.
39 LESS: Allocated transfer risk reserves 146 n.a.
40 EQUALS: Total loans and leases, net 3,711,119 n.a.
Total loans and leases, gross, by category
41 Loans secured by real estate 1,658,136 1,626,129
42 Construction and land development n.a. 160,666
43 Farmland n.a. 34,016
44 One- to four-family residential
properties n.a. 908,626
45 Revolving, open-end loans, extended
under lines of credit n.a. 127,488
46 All other loans n.a. 781,138
47 Multifamily (five or more) residential
properties n.a. 60,135
48 Nonfarm nonresidential properties n.a. 462,686
49 Loans to depository institutions 120,444 104,838
50 Commercial banks in the United States n.a. n.a.
51 Other depository institutions in the
United States n.a. n.a.
52 Banks in foreign countries n.a. n.a.
53 Loans to finance agricultural production
and other loans to farmers 47,841 46,919
54 Commercial and industrial loans 1,041,930 879,104
55 U.S. addressees (domicile) n.a. n.a.
56 Non-U.S. addressees (domicile) n.a. n.a.
57 Acceptances of other banks 1,548 933
58 U.S. banks n.a. n.a.
59 Foreign banks n.a. n.a.
60 Loans to individuals for household, family,
and other personal expenditures
(includes purchased paper) 587,985 543,657
61 Credit cards and related plans 232,682 n.a.
62 Other (includes single payment and
installment) 355,303 n.a.
63 Obligations (other than securities) of
states and political subdivisions in the
United States (includes nonrated
industrial development obligations) 20,950 20,937
64 All other loans 132,555 104,384
65 Loans to foreign governments and official
institutions n.a. n.a.
66 Other loans n.a. n.a.
67 Loans for purchasing and carrying
securities n.a. n.a.
68 All other loans (excludes consumer
loans) n.a. n.a.
69 Lease-financing receivables 165,553 159,594
70 Assets held in trading accounts 304,196 n.a.
71 Premises and fixed assets (including
capitalized leases) 75,022 n.a.
72 Other real estate owned 3,170 n.a.
73 Investments in unconsolidated subsidiaries
and associated companies 6,475 n.a.
74 Customers' liability on acceptances
outstanding 8,055 n.a.
75 Net due from own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a. 24,805
76 Intangible assets 99,813 n.a.
77 All other assets 256,409 n.a.
78 Total liabilities, limited-life preferred
stock, and equity capital 6,164,193 n.a.
79 Total liabilities 5,644,358 4,909,227
80 Total deposits 4,146,787 3,440,035
81 Individuals, partnerships, and
corporations 3,703,713 3,195,491
82 U.S. government n.a. 8,513
83 States and political subdivisions in the
United States n.a. 160,201
84 Commercial banks in the United States 101,924 37,444
85 Other depository institutions in the
United States n.a. 8,392
86 Foreign banks, governments, and official
institutions 138,725 12,688
87 Banks n.a. n.a.
88 Governments and official institutions n.a. n.a.
89 Certified and official checks 18,532 17,306
90 Total transaction accounts n.a. 670,848
91 Individuals, partnerships, and
corporations n.a. 564,126
92 U.S. government n.a. 2,174
93 States and political subdivisions in
the United States n.a. 47,637
94 Commercial banks in the United States n.a. 27,545
95 Other depository institutions in the
United States n.a. 2,772
96 Foreign banks, governments, and
official institutions n.a. 9,288
97 Banks n.a. n.a.
98 Governments and official institutions n.a. n.a.
99 Certified and official checks n.a. 17,306
100 Demand deposits (included in total
transaction accounts) n.a. 525,217
101 Individuals, partnerships, and
corporations n.a. 445,723
102 U.S. government n.a. 2,061
103 States and political subdivisions in
the United States n.a. 20,619
104 Commercial banks in the United States n.a. 27,467
105 Other depository institutions in the
United States n.a. 2,759
106 Foreign banks, governments, and
official institutions n.a. 9,282
107 Banks n.a. n.a.
108 Governments and official
institutions n.a. n.a.
109 Certified and official checks n.a. 17,306
110 Total nontransaction accounts n.a. 2,769,187
111 Individuals, partnerships, and
corporations n.a. 2,631,366
112 U.S. government n.a. 6,339
113 States and political subdivisions in
the United States n.a. 112,564
114 Commercial banks in the United States n.a. 9,899
115 Other depository institutions in the
United States n.a. 5,620
116 Foreign banks, governments, and
official institutions n.a. 3,400
117 Banks n.a. n.a.
118 Governments and official institutions n.a. n.a.
119 Federal funds purchased and securities sold
under agreements to repurchase 465,202 436,256
120 Demand notes issued to the U.S. Treasury 14,210 14,210
121 Trading liabilities 211,663 n.a.
122 Other borrowed money 532,303 483,216
123 Banks' liability on acceptances executed
and outstanding 8,142 5,968
124 Notes and debentures subordinated to
deposits 86,397 n.a.
125 Net due to own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a. 193,946
126 All other liabilities 179,654 n.a.
127 Total equity capital 519,835 n.a.
MEMO
128 Trading assets at large banks(4) 304,133 146,583
129 U.S. Treasury securities (domestic
offices) n.a. 14,099
130 U.S. government agency corporation
obligations n.a. 12,549
131 Securities issued by states and political
subdivisions in the United States n.a. 1,469
132 Mortgage-backed securities n.a. 6,286
133 Other debt securities n.a. 25,437
134 Other trading assets n.a. 15,645
135 Trading assets in foreign banks 157,549 0
136 Revaluation gains on interest rate,
foreign exchange rate, and other
commodity and equity contracts 71,099 71,099
137 Total individual retirement (IRA) and Keogh
plan accounts n.a. 168,960
138 Total brokered deposits n.a. 189,469
139 Fully insured brokered deposits n.a. 135,839
140 Issued in denominations of less
than $100,000 n.a. 27,231
141 Issued in denominations of $100,000, or
in denominations greater than
$100,000 and participated out by the
broker in shares of $100,000 or less n.a. 108,609
142 Money market deposit accounts (MMDAs) n.a. 991,097
143 Other savings deposits (excluding MMDAs) n.a. 422,359
144 Total time deposits of less than $100,000 n.a. 792,164
145 Total time deposits of $100,000 or more n.a. 563,567
146 All negotiable order of withdrawal (NOW)
accounts n.a. 143,582
147 Number of banks 8,289 8,289
Banks with foreign
offices(1)
Item
Total Domestic
1 Total assets(3) 4,311,426 3,576,296
2 Cash and balances due from depository
institutions 282,029 184,302
3 Cash items in process of collection,
unposted debits, and currency and
coin 141,958 138,903
4 Cash items in process of collection and
unposted debits n.a. 107,768
5 Currency and coin n.a. 31,135
6 Balances due from depository institutions
in the United States 38,280 25,048
7 Balances due from banks in foreign
countries and foreign central banks 87,930 6,573
8 Balances due from Federal Reserve Banks 13,860 13,778
MEMO
9 Non-interest-bearing balances due from
commercial banks in the United States
(included in balances due from depository
institutions in the United States) n.a. 13,810
10 Total securities, held-to-maturity
(amortized cost) and available-for-sale
(fair value) 607,087 n.a.
11 U.S. Treasury securities 48,481 n.a.
12 U.S. government agency and corporation
obligations (excludes mortgage-backed
securities) 79,628 n.a.
13 Issued by U.S. government agencies 2,504 n.a.
14 Issued by U.S. government-sponsored
agencies 77,124 n.a.
15 Securities issued by states and political
subdivisions in the United States 32,488 n.a.
16 General obligations 21,277 n.a.
17 Revenue obligations 10,786 n.a.
18 Industrial development and similar
obligations 425 n.a.
19 Mortgage-backed securities (MBS) 309,407 n.a.
20 Pass-through securities 209,659 n.a.
21 Guaranteed by GNMA 41,942 n.a.
22 Issued by FNMA and FHLMC 166,193 n.a.
23 Privately issued 1,524 n.a.
24 Other mortgage-backed securities
(includes CMOs, REMICs, and
stripped MBS) 99,747 n.a.
25 Issued or guaranteed by FNMA, FHLMC,
or GNMA 67,451 n.a.
26 Collateralized by MBS issued or
guaranteed by FNMA, FHLMC, or GNMA 3,524 n.a.
27 All other mortgage-backed securities 28,772 n.a.
28 Other debt securities 109,201 n.a.
29 Other domestic debt securities 51,928 n.a.
30 Foreign debt securities 57,273 n.a.
31 Equity securities 27,882 n.a.
32 Investments in mutual funds and other
equity securities with readily
determinable fair value 10,473 n.a.
33 All other equity securities 17,410 n.a.
34 Federal funds sold and securities purchased
under agreements to resell 220,201 165,467
35 Total loans and lease-financing
receivables, gross 2,588,085 2,297,637
36 LESS: Unearned income on loans 1,473 859
37 Total loans and leases (net of unearned
income) 2,586,613 2,296,779
38 LESS: Allowance for loan and lease losses 43,925 n.a.
39 LESS: Allocated transfer risk reserves 145 n.a.
40 EQUALS: Total loans and leases, net 2,542,543 n.a.
Total loans and leases, gross, by category
41 Loans secured by real estate 987,539 955,532
42 Construction and land development n.a. 87,281
43 Farmland n.a. 6,656
44 One- to four-family residential
properties n.a. 595,849
45 Revolving, open-end loans, extended
under lines of credit n.a. 93,783
46 All other loans n.a. 502,066
47 Multifamily (five or more) residential
properties n.a. 33,552
48 Nonfarm nonresidential properties n.a. 232,194
49 Loans to depository institutions 109,092 93,485
50 Commercial banks in the United States 76,849 76,389
51 Other depository institutions in the
United States 10,111 9,990
52 Banks in foreign countries 22,131 7,107
53 Loans to finance agricultural production
and other loans to farmers 13,552 12,630
54 Commercial and industrial loans 836,977 674,152
55 U.S. addressees (domicile) 684,508 663,458
56 Non-U.S. addressees (domicile) 152,469 10,693
57 Acceptances of other banks 1,465 849
58 U.S. banks 381 328
59 Foreign banks 1,084 521
60 Loans to individuals for household, family,
and other personal expenditures
(includes purchased paper) 346,427 302,099
61 Credit cards and related plans 132,415 n.a.
62 Other (includes single payment and
installment) 214,012 n.a.
63 Obligations (other than securities) of
states and political subdivisions in the
United States (includes nonrated
industrial development obligations) 14,133 14,120
64 All other loans 124,238 96,067
65 Loans to foreign governments and official
institutions 6,362 1,669
66 Other loans 117,875 94,397
67 Loans for purchasing and carrying
securities n.a. 16,722
68 All other loans (excludes consumer
loans) n.a. 77,676
69 Lease-financing receivables 154,662 148,704
70 Assets held in trading accounts 303,581 n.a.
71 Premises and fixed assets (including
capitalized leases) 46,917 n.a.
72 Other real estate owned 1,697 n.a.
73 Investments in unconsolidated subsidiaries
and associated companies 6,051 n.a.
74 Customers' liability on acceptances
outstanding 7,862 n.a.
75 Net due from own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a. 24,805
76 Intangible assets 85,505 n.a.
77 All other assets 207,955 n.a.
78 Total liabilities, limited-life preferred
stock, and equity capital 4,311,426 n.a.
79 Total liabilities 3,965,434 3,230,304
80 Total deposits 2,759,158 2,052,406
81 Individuals, partnerships, and
corporations 2,426,142 1,917,920
82 U.S. government n.a. 7,454
83 States and political subdivisions in the
United States n.a. 73,968
84 Commercial banks in the United States 92,823 28,343
85 Other depository institutions in the
United States n.a. 3,616
86 Foreign banks, governments, and official
institutions 137,986 11,949
87 Banks 105,331 10,576
88 Governments and official institutions 32,655 1,372
89 Certified and official checks 10,382 9,156
90 Total transaction accounts n.a. 393,237
91 Individuals, partnerships, and
corporations n.a. 325,901
92 U.S. government n.a. 1,639
93 States and political subdivisions in
the United States n.a. 22,742
94 Commercial banks in the United States n.a. 22,900
95 Other depository institutions in the
United States n.a. 1,940
96 Foreign banks, governments, and
official institutions n.a. 8,960
97 Banks n.a. 8,181
98 Governments and official institutions n.a. 779
99 Certified and official checks n.a. 9,156
100 Demand deposits (included in total
transaction accounts) n.a. 350,891
101 Individuals, partnerships, and
corporations n.a. 292,358
102 U.S. government n.a. 1,599
103 States and political subdivisions in
the United States n.a. 13,987
104 Commercial banks in the United States n.a. 22,899
105 Other depository institutions in the
United States n.a. 1,939
106 Foreign banks, governments, and
official institutions n.a. 8,954
107 Banks n.a. 8,181
108 Governments and official
institutions n.a. 773
109 Certified and official checks n.a. 9,156
110 Total nontransaction accounts n.a. 1,659,169
111 Individuals, partnerships, and
corporations n.a. 1,592,020
112 U.S. government n.a. 5,815
113 States and political subdivisions in
the United States n.a. 51,226
114 Commercial banks in the United States n.a. 5,443
115 Other depository institutions in the
United States n.a. 1,676
116 Foreign banks, governments, and
official institutions n.a. 2,989
117 Banks n.a. 2,396
118 Governments and official institutions n.a. 593
119 Federal funds purchased and securities sold
under agreements to repurchase 379,844 350,898
120 Demand notes issued to the U.S. Treasury 12,763 12,763
121 Trading liabilities 211,552 n.a.
122 Other borrowed money 363,086 313,999
123 Banks' liability on acceptances executed
and outstanding 7,948 5,775
124 Notes and debentures subordinated to
deposits 82,380 n.a.
125 Net due to own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a. 193,946
126 All other liabilities 148,703 n.a.
127 Total equity capital 345,992 n.a.
MEMO
128 Trading assets at large banks(4) 303,581 146,032
129 U.S. Treasury securities (domestic
offices) n.a. 14,092
130 U.S. government agency corporation
obligations n.a. 12,431
131 Securities issued by states and political
subdivisions in the United States n.a. 1,315
132 Mortgage-backed securities n.a. 6,184
133 Other debt securities n.a. 25,437
134 Other trading assets n.a. 15,540
135 Trading assets in foreign banks 157,549 0
136 Revaluation gains on interest rate,
foreign exchange rate, and other
commodity and equity contracts 71,033 71,033
137 Total individual retirement (IRA) and Keogh
plan accounts n.a. 81,290
138 Total brokered deposits n.a. 85,637
139 Fully insured brokered deposits n.a. 49,220
140 Issued in denominations of less
than $100,000 n.a. 7,240
141 Issued in denominations of $100,000, or
in denominations greater than
$100,000 and participated out by the
broker in shares of $100,000 or less n.a. 41,980
142 Money market deposit accounts (MMDAs) n.a. 674,269
143 Other savings deposits (excluding MMDAs) n.a. 266,637
144 Total time deposits of less than $100,000 n.a. 387,259
145 Total time deposits of $100,000 or more n.a. 331,003
146 All negotiable order of withdrawal (NOW)
accounts n.a. 42,236
147 Number of banks 160 n.a.
Banks with domestic
offices only(2)
Item
Over 100 Under 100
1 Total assets(3) 1,579,256 273,510
2 Cash and balances due from depository
institutions 67,119 13,384
3 Cash items in process of collection,
unposted debits, and currency and
coin 34,177 n.a.
4 Cash items in process of collection and
unposted debits 22,563 n.a.
5 Currency and coin 11,615 n.a.
6 Balances due from depository institutions
in the United States 22,668 n.a.
7 Balances due from banks in foreign
countries and foreign central banks 1,084 n.a.
8 Balances due from Federal Reserve Banks 9,189 n.a.
MEMO
9 Non-interest-bearing balances due from
commercial banks in the United States
(included in balances due from depository
institutions in the United States) 17,063 5,280
10 Total securities, held-to-maturity
(amortized cost) and available-for-sale
(fair value) 384,256 66,623
11 U.S. Treasury securities 21,161 4,703
12 U.S. government agency and corporation
obligations (excludes mortgage-backed
securities) 104,442 35,046
13 Issued by U.S. government agencies 1,835 625
14 Issued by U.S. government-sponsored
agencies 102,607 34,421
15 Securities issued by states and political
subdivisions in the United States 48,383 11,339
16 General obligations 36,279 8,131
17 Revenue obligations 11,908 3,164
18 Industrial development and similar
obligations 195 44
19 Mortgage-backed securities (MBS) 142,213 12,012
20 Pass-through securities 74,537 8,129
21 Guaranteed by GNMA 25,772 3,062
22 Issued by FNMA and FHLMC 47,776 5,017
23 Privately issued 990 50
24 Other mortgage-backed securities
(includes CMOs, REMICs, and
stripped MBS) 67,676 3,884
25 Issued or guaranteed by FNMA, FHLMC,
or GNMA 37,802 3,557
26 Collateralized by MBS issued or
guaranteed by FNMA, FHLMC, or GNMA 681 108
27 All other mortgage-backed securities 29,192 219
28 Other debt securities 56,719 2,167
29 Other domestic debt securities 52,404 n.a.
30 Foreign debt securities 4,316 n.a.
31 Equity securities 11,337 1,356
32 Investments in mutual funds and other
equity securities with readily
determinable fair value 3,035 319
33 All other equity securities 8,302 1,036
34 Federal funds sold and securities purchased
under agreements to resell 46,497 12,739
35 Total loans and lease-financing
receivables, gross 1,017,294 171,563
36 LESS: Unearned income on loans 1,111 245
37 Total loans and leases (net of unearned
income) 1,016,183 171,317
38 LESS: Allowance for loan and lease losses 16,610 2,313
39 LESS: Allocated transfer risk reserves 1 0
40 EQUALS: Total loans and leases, net 999,572 169,004
Total loans and leases, gross, by category
41 Loans secured by real estate 569,886 100,710
42 Construction and land development 63,777 9,608
43 Farmland 16,018 11,342
44 One- to four-family residential
properties 265,194 47,583
45 Revolving, open-end loans, extended
under lines of credit 30,944 2,761
46 All other loans 234,250 44,822
47 Multifamily (five or more) residential
properties 24,267 2,315
48 Nonfarm nonresidential properties 200,630 29,862
49 Loans to depository institutions 11,252 101
50 Commercial banks in the United States 10,983 n.a.
51 Other depository institutions in the
United States 170 n.a.
52 Banks in foreign countries 98 n.a.
53 Loans to finance agricultural production
and other loans to farmers 18,466 15,823
54 Commercial and industrial loans 174,424 30,528
55 U.S. addressees (domicile) 173,623 n.a.
56 Non-U.S. addressees (domicile) 801 n.a.
57 Acceptances of other banks 77 7
58 U.S. banks n.a. n.a.
59 Foreign banks n.a. n.a.
60 Loans to individuals for household, family,
and other personal expenditures
(includes purchased paper) 219,486 22,073
61 Credit cards and related plans 99,490 777
62 Other (includes single payment and
installment) 119,996 21,296
63 Obligations (other than securities) of
states and political subdivisions in the
United States (includes nonrated
industrial development obligations) 6,030 787
64 All other loans 7,511 806
65 Loans to foreign governments and official
institutions 21 n.a.
66 Other loans 7,490 n.a.
67 Loans for purchasing and carrying
securities 1,424 n.a.
68 All other loans (excludes consumer
loans) 6,066 n.a.
69 Lease-financing receivables 10,162 728
70 Assets held in trading accounts 604 1
71 Premises and fixed assets (including
capitalized leases) 22,730 5,376
72 Other real estate owned 1,175 297
73 Investments in unconsolidated subsidiaries
and associated companies 373 52
74 Customers' liability on acceptances
outstanding 191 2
75 Net due from own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a. n.a.
76 Intangible assets 13,449 859
77 All other assets 43,291 5,164
78 Total liabilities, limited-life preferred
stock, and equity capital 1,579,256 273,510
79 Total liabilities 1,434,622 244,301
80 Total deposits 1,156,621 231,008
81 Individuals, partnerships, and
corporations 1,069,742 207,829
82 U.S. government 915 143
83 States and political subdivisions in the
United States 67,384 18,849
84 Commercial banks in the United States 8,021 1,079
85 Other depository institutions in the
United States 3,330 1,446
86 Foreign banks, governments, and official
institutions 728 12
87 Banks 726 n.a.
88 Governments and official institutions 2 n.a.
89 Certified and official checks 6,500 1,650
90 Total transaction accounts 212,690 64,921
91 Individuals, partnerships, and
corporations 181,831 56,394
92 U.S. government 466 69
93 States and political subdivisions in
the United States 18,446 6,449
94 Commercial banks in the United States 4,380 265
95 Other depository institutions in the
United States 750 83
96 Foreign banks, governments, and
official institutions 317 11
97 Banks 316 n.a.
98 Governments and official institutions 2 n.a.
99 Certified and official checks 6,500 1,650
100 Demand deposits (included in total
transaction accounts) 139,474 34,852
101 Individuals, partnerships, and
corporations 121,785 31,579
102 U.S. government 404 59
103 States and political subdivisions in
the United States 5,426 1,206
104 Commercial banks in the United States 4,304 264
105 Other depository institutions in the
United States 739 82
106 Foreign banks, governments, and
official institutions 317 11
107 Banks 316 n.a.
108 Governments and official
institutions 2 n.a.
109 Certified and official checks 6,500 1,650
110 Total nontransaction accounts 943,931 166,087
111 Individuals, partnerships, and
corporations 887,911 151,435
112 U.S. government 449 75
113 States and political subdivisions in
the United States 48,939 12,400
114 Commercial banks in the United States 3,642 814
115 Other depository institutions in the
United States 2,580 1,363
116 Foreign banks, governments, and
official institutions 411 0
117 Banks 411 n.a.
118 Governments and official institutions 0 n.a.
119 Federal funds purchased and securities sold
under agreements to repurchase 82,123 3,235
120 Demand notes issued to the U.S. Treasury 1,381 66
121 Trading liabilities 111 1
122 Other borrowed money 161,634 7,583
123 Banks' liability on acceptances executed
and outstanding 192 2
124 Notes and debentures subordinated to
deposits 3,990 27
125 Net due to own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a. n.a.
126 All other liabilities 28,571 2,380
127 Total equity capital 144,634 29,209
MEMO
128 Trading assets at large banks(4) 552 n.a.
129 U.S. Treasury securities (domestic
offices) 6 n.a.
130 U.S. government agency corporation
obligations 118 n.a.
131 Securities issued by states and political
subdivisions in the United States 153 n.a.
132 Mortgage-backed securities 102 n.a.
133 Other debt securities 0 n.a.
134 Other trading assets 106 n.a.
135 Trading assets in foreign banks 0 n.a.
136 Revaluation gains on interest rate,
foreign exchange rate, and other
commodity and equity contracts 67 n.a.
137 Total individual retirement (IRA) and Keogh
plan accounts 76,450 11,220
138 Total brokered deposits 101,439 2,393
139 Fully insured brokered deposits 84,450 2,169
140 Issued in denominations of less
than $100,000 18,864 1,128
141 Issued in denominations of $100,000, or
in denominations greater than
$100,000 and participated out by the
broker in shares of $100,000 or less 65,587 1,041
142 Money market deposit accounts (MMDAs) 290,340 26,487
143 Other savings deposits (excluding MMDAs) 136,539 19,184
144 Total time deposits of less than $100,000 321,134 83,771
145 Total time deposits of $100,000 or more 195,919 36,645
146 All negotiable order of withdrawal (NOW)
accounts 71,881 29,466
147 Number of banks 2,963 5,166
NOTE. The notation "n.a." indicates the lesser detail available from
banks that don't have foreign offices, the inapplicability of certain
items to banks that have only domestic offices, or the absence of
detail on a fully consolidated basis for banks that have foreign
offices,
(1.) All transactions between domestic and foreign offices of a bank
are reported in "net due from" and "net due to" lines. All other lines
represent transactions with parties other than the domestic and
foreign offices of each bank. Because these intra-office transactions
are nullified by consolidation, total assets and total liabilities for
the entire bank may not equal the sum of assets and liabilities
respectively of the domestic and foreign offices, Foreign offices
include branches in foreign countries, Puerto Rico, and U.S.
territories and possessions; subsidiaries in foreign countries; all
offices of Edge Act and agreement corporations wherever located; and
IBFs.
(2.) "Over 100" refers to banks whose assets, on June 30 of the
preceding calendar year, were $100 million or more. (These banks file
the FFIEC 032 or FFIEC 033 Call Report.) "Under 100" refers to banks
whose assets, on June 30 of the preceding calendar year, were less
than $100 million. (These banks file the FFIEC 034 Call Report.)
(3.) Because the domestic portion of allowances for loan and lease
losses and allocated transfer risk reserves are not reported for banks
with foreign offices, the components of total assets (domestic) do not
sum to the actual total (domestic).
(4.) Components of "Trading assets at large banks" are reported only
by banks with either total assets of $1 billion or more or with $2
billion or more in the par/notional amount of their off-balance-sheet
derivative contracts.
4.23 TERMS OF LENDING AT COMMERCIAL BANKS Survey of Loans Made,
March 31, 2001
A. Commercial and industrial loans made by all commercial banks(1)
Weighted-
average Amount of Average loan
Item effective loans size
loan rate (millions (thousands of
(percent)(2) of dollars) dollars)
LOAN RISK(5)
1 All commercial and
industrial loans 7.19 102,426 652
2 Minimal risk 6.23 7,961 1,628
3 Low risk 6.54 18,663 1,061
4 Moderate risk 7.28 30,661 551
5 Other 7.97 19,725 444
By maturity/repricing
interval(6)
6 Zero interval 7.87 23,771 398
7 Minimal risk 6.92 330 224
8 Low risk 7.45 1,817 414
9 Moderate risk 8.34 5,372 236
10 Other 9.48 2,776 136
11 Daily 6.88 31,747 863
12 Minimal risk 6.12 4,629 10,347
13 Low risk 6.37 5,633 2,887
14 Moderate risk 6.96 9,812 831
15 Other 7.42 5,881 596
16 2 to 30 days 6.94 30,576 1,452
17 Minimal risk 6.18 2,261 4,632
18 Low risk 6.40 7,093 1,650
19 Moderate risk 6.92 11,384 1,683
20 Other 7.76 7,707 988
21 31 to 365 days 7.22 9,465 425
22 Minimal risk 6.63 673 369
23 Low risk 6.48 2,416 551
24 Moderate risk 7.38 2,633 356
25 Other 7.94 2,692 874
26 More than 365 days 8.48 2,391 178
27 Minimal risk 8.13 61 94
28 Low risk 8.30 564 233
29 Moderate risk 8.32 1,190 220
30 Other 9.53 319 155
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 9.45 2,760 3.3
32 100-999 8.63 10,194 3.2
33 1,000-9,999 7.50 31,000 3.0
34 10,000 or more 6.66 58,472 2.7
BASE RATE OF LOAN(4)
35 Prime(7) 9.20 18,266 3.3
36 Fed funds 6.34 21,400 2.7
37 Other domestic 6.55 12,320 2.3
38 Foreign 6.95 30,156 2.8
39 Other 7.00 20,284 3.1
Weighted- Amount of loans
average (percent)
maturity(3)
Item
Secured by
collateral Callable
Days
LOAN RISK(5)
1 All commercial and
industrial loans 341 39.9 9.8
2 Minimal risk 289 28.7 8.5
3 Low risk 350 23.0 18.4
4 Moderate risk 460 37.0 9.6
5 Other 283 42.7 5.9
By maturity/repricing
interval(6)
6 Zero interval 329 62.8 9.8
7 Minimal risk 822 22.3 12.8
8 Low risk 427 58.6 36.7
9 Moderate risk 460 51.2 15.4
10 Other 467 73.7 12.4
11 Daily 270 29.7 8.8
12 Minimal risk 293 38.2 4.1
13 Low risk 271 7.1 6.5
14 Moderate risk 377 25.8 13.2
15 Other 146 45.5 4.8
16 2 to 30 days 301 23.5 5.6
17 Minimal risk 231 9.5 5.3
18 Low risk 341 12.6 12.3
19 Moderate risk 384 32.0 3.1
20 Other 201 27.5 2.1
21 31 to 365 days 480 35.3 8.0
22 Minimal risk 129 26.9 44.1
23 Low risk 312 19.3 12.2
24 Moderate risk 719 52.3 1.5
25 Other 495 36.2 3.9
Months
26 More than 365 days 44 71.2 14.0
27 Minimal risk 58 57.3 33.9
28 Low risk 42 61.8 17.4
29 Moderate risk 43 75.2 15.2
30 Other 54 83.9 8.0
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 178 83.7 27.8
32 100-999 93 70.2 17.7
33 1,000-9,999 53 38.0 7.4
34 10,000 or more 28 33.6 8.9
BASE RATE OF LOAN(4)
35 Prime(7) 59 70.2 19.4
36 Fed funds 8 33.9 9.4
37 Other domestic 19 12.6 19.8
38 Foreign 47 28.0 3.6
39 Other 92 53.2 4.9
Amount of loans (percent)
Item
Most
Subject to common
prepayment Made under base pricing
penalty commitment rate(4)
LOAN RISK(5)
1 All commercial and
industrial loans 30.9 75.4 Foreign
2 Minimal risk 66.5 84.3 Fed funds
3 Low risk 44.8 75.4 Foreign
4 Moderate risk 34.8 88.4 Foreign
5 Other 22.1 74.3 Foreign
By maturity/repricing
interval(6)
6 Zero interval 4.3 67.6 Prime
7 Minimal risk 69.2 95.8 Other
8 Low risk 10.8 90.0 Prime
9 Moderate risk 9.9 93.1 Prime
10 Other 2.6 95.4 Prime
11 Daily 43.0 69.5 Fed funds
12 Minimal risk 70.1 85.0 Fed funds
13 Low risk 59.3 69.7 Domestic
14 Moderate risk 37.3 79.9 Fed funds
15 Other 18.6 50.6 Fed funds
16 2 to 30 days 44.0 87.0 Foreign
17 Minimal risk 72.8 95.3 Foreign
18 Low risk 56.5 86.4 Foreign
19 Moderate risk 46.1 95.4 Foreign
20 Other 27.0 79.2 Foreign
21 31 to 365 days 33.1 80.5 Foreign
22 Minimal risk 26.4 39.1 Domestic
23 Low risk 24.8 77.0 Foreign
24 Moderate risk 43.5 92.8 Foreign
25 Other 38.1 90.1 Foreign
26 More than 365 days 8.5 66.9 Other
27 Minimal risk 2.0 61.8 Other
28 Low risk 1.7 87.5 Foreign
29 Moderate risk 8.3 58.6 Prime
30 Other 25.0 61.2 Other
SIZE OF LOAN
(thousands of dollars)
31 1-99 3.0 77.7 Prime
32 100-999 8.8 83.8 Prime
33 1,000-9,999 28.3 79.1 Foreign
34 10,000 or more 37.5 71.9 Foreign
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 1.2 73.2 179
36 Fed funds 21.6 56.8 6,971
37 Other domestic 72.4 67.1 3,033
38 Foreign 49.8 87.0 2,837
39 Other 14.3 85.0 543
B. Commercial and industrial loans made by all domestic banks(1)
Weighted- Amount of Average
average loans loan size
Item effective (millions (thousands
loan rate of dollars) of dollars)
(percent)(2)
LOAN RISK(5)
1 All commercial and
industrial loans 7.50 65,881 441
2 Minimal risk 6.27 5,183 1,132
3 Low risk 6.64 13,811 822
4 Moderate risk 7.46 23,932 446
5 Other 8.64 9,851 238
By maturity/repricing
interval(6)
6 Zero interval 8.43 17,661 304
7 Minimal risk 6.91 327 224
8 Low risk 7.42 1,777 410
9 Moderate risk 8.33 5,212 233
10 Other 9.47 2,547 128
11 Daily 7.05 19,806 560
12 Minimal risk 6.12 3,223 10,303
13 Low risk 6.40 3,399 1,952
14 Moderate risk 7.01 8,068 706
15 Other 8.26 2,398 254
16 2 to 30 days 7.09 17,983 976
17 Minimal risk 6.12 1,075 3,039
18 Low risk 6.54 4,948 1,266
19 Moderate risk 7.16 7,345 1,238
20 Other 8.25 3,192 475
21 31 to 365 days 7.32 6,415 303
22 Minimal risk 6.95 490 273
23 Low risk 6.51 1,983 466
24 Moderate risk 7.59 1,906 269
25 Other 8.38 1,200 493
26 More than 365 days 8.47 2,357 175
27 Minimal risk 8.13 61 94
28 Low risk 8.30 564 233
29 Moderate risk 8.29 1,155 214
30 Other 9.53 319 155
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 9.45 2,718 3.2
32 100-999 8.76 9,049 3.2
33 1,000-9,999 7.78 20,863 2.9
34 10,000 or more 6.82 33,251 2.5
BASE RATE OF LOAN(4)
35 Prime(7) 9.23 16,537 3.3
36 Fed funds 6.26 8,282 2.3
37 Other domestic 6.48 9,605 2.3
38 Foreign 7.10 17,751 2.7
39 Other 7.39 13,706 3.0
Weighted- Amount of loans
average (percent)
maturity(3)
Item
Secured by Callable
collateral
Days
LOAN RISK(5)
1 All commercial and
industrial loans 506 42.7 13.2
2 Minimal risk 434 43.9 13.1
3 Low risk 467 30.7 23.6
4 Moderate risk 580 39.9 10.8
5 Other 532 66.2 9.2
By maturity/repricing
interval(6)
6 Zero interval 429 52.5 12.3
7 Minimal risk 789 22.0 12.9
8 Low risk 426 59.1 37.5
9 Moderate risk 464 51.6 15.8
10 Other 449 77.4 13.6
11 Daily 437 36.8 12.4
12 Minimal risk 420 54.9 5.9
13 Low risk 437 11.6 7.5
14 Moderate risk 452 30.1 13.5
15 Other 374 59.0 10.5
16 2 to 30 days 494 30.1 8.1
17 Minimal risk 453 19.8 11.0
18 Low risk 464 17.5 16.2
19 Moderate risk 585 30.8 3.4
20 Other 449 56.0 3.3
21 31 to 365 days 646 47.2 11.7
22 Minimal risk 145 37.0 60.6
23 Low risk 360 22.9 14.8
24 Moderate risk 962 61.4 1.7
25 Other 896 74.6 8.7
Months
26 More than 365 days 45 70.8 14.2
27 Minimal risk 58 57.3 33.9
28 Low risk 42 61.8 17.4
29 Moderate risk 43 74.5 15.6
30 Other 54 83.9 8.0
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 180 84.0 27.8
32 100-999 101 73.5 17.6
33 1,000-9,999 66 42.4 8.2
34 10,000 or more 39 31.2 13.9
BASE RATE OF LOAN(4)
35 Prime(7) 62 72.1 15.5
36 Fed funds 12 42.6 23.6
37 Other domestic 23 15.8 25.4
38 Foreign 56 36.7 4.8
39 Other 124 34.0 6.5
Amount of loans (percent)
Item
Most
Subject to common
prepayment Made under base pricing
penalty commitment rate(4)
LOAN RISK(5)
1 All commercial and
industrial loans 27.3 77.4 Foreign
2 Minimal risk 78.6 88.5 Fed funds
3 Low risk 41.0 81.1 Foreign
4 Moderate risk 29.0 89.3 Other
5 Other 12.8 86.7 Prime
By maturity/repricing
interval(6)
6 Zero interval 5.6 56.7 Prime
7 Minimal risk 69.8 95.8 Other
8 Low risk 11.0 89.9 Prime
9 Moderate risk 9.6 93.6 Prime
10 Other 2.8 95.0 Prime
11 Daily 46.5 87.2 Domestic
12 Minimal risk 93.0 95.1 Fed funds
13 Low risk 74.7 98.5 Domestic
14 Moderate risk 42.6 81.8 Domestic
15 Other 8.9 71.8 Prime
16 2 to 30 days 34.9 93.0 Foreign
17 Minimal risk 74.9 97.9 Foreign
18 Low risk 48.4 84.9 Foreign
19 Moderate risk 34.1 98.8 Foreign
20 Other 17.6 93.5 Other
21 31 to 365 days 17.5 76.8 Foreign
22 Minimal risk 8.2 23.2 Domestic
23 Low risk 16.0 77.1 Foreign
24 Moderate risk 22.9 90.8 Foreign
25 Other 27.0 88.6 Foreign
26 More than 365 days 7.1 66.5 Other
27 Minimal risk 2.0 61.8 Other
28 Low risk 1.7 87.5 Foreign
29 Moderate risk 5.5 57.3 Prime
30 Other 25.0 61.2 Other
SIZE OF LOAN
(thousands of dollars)
31 1-99 2.8 77.5 Prime
32 100-999 5.5 83.4 Prime
33 1,000-9,999 21.4 77.0 Foreign
34 10,000 or more 38.9 76.1 Foreign
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 1.3 71.1 166
36 Fed funds 33.3 57.2 5,547
37 Other domestic 64.9 85.3 2,587
38 Foreign 34.1 81.2 2,168
39 Other 19.8 86.8 377
C. Commercial and industrial loans made by large domestic banks(1)
Weighted- Amount of Average
average loans loan size
Item effective (millions (thousands
loan rate of dollars) of dollars)
(percent)(2)
LOAN RISK(5)
1 All commercial and
industrial loans 7.36 59,378 776
2 Minimal risk 6.12 4,886 4,752
3 Low risk 6.46 12,482 1,897
4 Moderate risk 7.31 21,872 783
5 Other 8.55 8,613 355
By maturity/repricing
interval(6)
6 Zero interval 8.34 14,689 578
7 Minimal risk 6.42 251 956
8 Low risk 7.23 1,251 1,115
9 Moderate risk 8.12 4,177 352
10 Other 9.43 1,952 215
11 Daily 6.99 19,252 631
12 Minimal risk 6.11 3,222 10,685
13 Low risk 6.36 3,336 2,917
14 Moderate risk 6.93 7,773 854
15 Other 8.21 2,296 282
16 2 to 30 days 7.06 17,184 1,280
17 Minimal risk 6.10 1,054 5,574
18 Low risk 6.53 4,850 1,565
19 Moderate risk 7.15 7,144 1,666
20 Other 8.23 2,996 585
21 31 to 365 days 6.93 5,152 1,761
22 Minimal risk 5.81 318 1,790
23 Low risk 6.08 1,677 2,126
24 Moderate risk 7.26 1,631 1,854
25 Other 8.36 1,021 1,368
26 More than 365 days 8.07 1,466 741
27 Minimal risk 7.13 33 394
28 Low risk 7.49 232 703
29 Moderate risk 8.01 910 1,130
30 Other 9.64 154 388
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 9.16 1,381 3.4
32 100-999 8.64 6,454 3.3
33 1,000-9,999 7.73 18,795 3.0
34 10,000 or more 6.81 32,748 2.5
BASE RATE OF LOAN(4)
35 Prime(7) 9.20 13,319 3.4
36 Fed funds 6.25 8,256 2.3
37 Other domestic 6.46 9,462 2.3
38 Foreign 7.05 16,593 2.7
39 Other 7.19 11,748 3.0
Weighted- Amount of loans
average (percent)
maturity(3)
Item
Secured by Callable
collateral
Days
LOAN RISK(5)
1 All commercial and
industrial loans 496 39.3 12.4
2 Minimal risk 437 41.6 12.4
3 Low risk 448 26.8 25.2
4 Moderate risk 572 36.6 9.8
5 Other 520 64.2 7.4
By maturity/repricing
interval(6)
6 Zero interval 432 48.3 8.4
7 Minimal risk 906 10.5 6.2
8 Low risk 387 62.9 48.6
9 Moderate risk 472 45.9 10.9
10 Other 473 78.0 7.9
11 Daily 435 35.6 12.5
12 Minimal risk 420 54.9 5.9
13 Low risk 432 11.1 7.6
14 Moderate risk 451 28.0 13.7
15 Other 372 57.3 10.9
16 2 to 30 days 508 28.8 7.9
17 Minimal risk 458 18.6 11.2
18 Low risk 470 16.9 16.3
19 Moderate risk 599 30.5 3.3
20 Other 446 53.8 3.0
21 31 to 365 days 660 41.9 12.1
22 Minimal risk 120 8.3 80.1
23 Low risk 371 13.8 17.2
24 Moderate risk 934 60.1 1.3
25 Other 1,006 76.4 5.6
Months
26 More than 365 days 40 56.8 17.4
27 Minimal risk 72 22.0 60.5
28 Low risk 44 9.0 30.0
29 Moderate risk 39 70.8 17.3
30 Other 42 75.6 3.9
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 38 83.4 29.4
32 100-999 58 69.4 16.1
33 1,000-9,999 52 39.8 7.4
34 10,000 or more 39 31.2 13.8
BASE RATE OF LOAN(4)
35 Prime(7) 53 69.9 12.9
36 Fed funds 10 42.4 23.6
37 Other domestic 17 14.6 25.6
38 Foreign 43 35.4 5.0
39 Other 84 27.7 3.7
Amount of loans (percent)
Item
Most
Subject to common
prepayment Made under base pricing
penalty commitment rate(4)
LOAN RISK(5)
1 All commercial and
industrial loans 29.4 77.6 Foreign
2 Minimal risk 83.1 91.2 Fed funds
3 Low risk 45.0 82.1 Foreign
4 Moderate risk 30.5 90.7 Other
5 Other 12.3 88.1 Prime
By maturity/repricing
interval(6)
6 Zero interval 5.8 50.9 Prime
7 Minimal risk 86.4 98.5 Other
8 Low risk 13.4 99.1 Foreign
9 Moderate risk 10.4 95.4 Prime
10 Other 2.1 97.1 Prime
11 Daily 47.8 87.6 Domestic
12 Minimal risk 93.1 95.1 Fed funds
13 Low risk 76.1 98.6 Domestic
14 Moderate risk 44.1 82.5 Domestic
15 Other 9.2 71.1 Prime
16 2 to 30 days 35.7 93.5 Foreign
17 Minimal risk 76.4 99.1 Foreign
18 Low risk 49.3 85.2 Foreign
19 Moderate risk 33.9 98.9 Foreign
20 Other 17.0 94.8 Other
21 31 to 365 days 18.7 79.4 Foreign
22 Minimal risk 12.3 20.1 Domestic
23 Low risk 18.6 79.2 Foreign
24 Moderate risk 21.0 95.4 Foreign
25 Other 26.3 90.4 Foreign
26 More than 365 days 5.2 73.8 Other
27 Minimal risk 3.6 84.6 Domestic
28 Low risk 1.1 99.2 Other
29 Moderate risk 4.8 62.7 Prime
30 Other 14.2 89.6 Other
SIZE OF LOAN
(thousands of dollars)
31 1-99 1.9 87.2 Prime
32 100-999 4.2 86.5 Prime
33 1,000-9,999 22.8 76.7 Foreign
34 10,000 or more 39.2 75.9 Foreign
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) .5 69.8 236
36 Fed funds 33.4 57.1 7,299
37 Other domestic 65.8 85.6 4,942
38 Foreign 34.9 80.4 2,431
39 Other 22.1 90.4 1,152
D. Commercial and industrial loans made by small domestic banks(1)
Weighted- Amount of Average
average loans loan size
Item effective (millions (thousands
loan rate of dollars) of dollars)
(percent)(2)
LOAN RISK(5)
1 All commercial and
industrial loans 8.79 6,503 89
2 Minimal risk 8.81 297 84
3 Low risk 8.33 1,330 130
4 Moderate risk 9.05 2,060 80
5 Other 9.27 1,237 72
By maturity/repricing
interval(6)
6 Zero interval 8.91 2,972 91
7 Minimal risk 8.52 76 63
8 Low risk 7.87 527 164
9 Moderate risk 9.16 1,034 98
10 Other 9.62 595 55
11 Daily 9.06 554 114
12 Minimal risk * * *
13 Low risk 8.54 62 104
14 Moderate risk 8.99 295 126
15 Other 9.37 102 78
16 2 to 30 days 7.65 799 160
17 Minimal risk * * *
18 Low risk 7.18 98 122
19 Moderate risk 7.54 200 122
20 Other 8.68 196 123
21 31 to 365 days 8.87 1,262 69
22 Minimal risk 9.04 172 106
23 Low risk 8.89 306 88
24 Moderate risk 9.54 275 44
25 Other 8.50 179 106
26 More than 365 days 9.12 890 78
27 Minimal risk 9.34 27 49
28 Low risk 8.86 331 158
29 Moderate risk 9.34 245 53
30 Other 9.43 165 99
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 9.76 1,337 3.1
32 100-999 9.03 2,595 3.0
33 1,000-9,999 8.29 2,068 2.7
34 10,000 or more 7.01 503 2.5
BASE RATE OF LOAN(4)
35 Prime(7) 9.36 3,217 3.0
36 Fed funds 8.47 26 3.7
37 Other domestic 8.24 143 2.3
38 Foreign 7.72 1,158 2.9
39 Other 8.54 1,958 2.7
Weighted- Amount of loans
average (percent)
maturity(3)
Item
Secured by Callable
collateral
Days
LOAN RISK(5)
1 All commercial and
industrial loans 593 74.0 20.3
2 Minimal risk 368 82.8 24.0
3 Low risk 643 66.8 8.2
4 Moderate risk 668 74.2 22.1
5 Other 607 79.9 22.2
By maturity/repricing
interval(6)
6 Zero interval 409 73.3 31.5
7 Minimal risk 371 60.1 35.1
8 Low risk 533 50.1 11.0
9 Moderate risk 433 74.7 35.7
10 Other 370 75.3 32.2
11 Daily 501 81.0 7.9
12 Minimal risk * * *
13 Low risk 686 36.9 3.3
14 Moderate risk 456 87.1 9.1
15 Other 421 95.5 2.4
16 2 to 30 days 190 57.2 13.7
17 Minimal risk * * *
18 Low risk 147 47.2 10.7
19 Moderate risk 111 42.5 8.0
20 Other 494 90.2 7.2
21 31 to 365 days 590 69.2 10.2
22 Minimal risk 191 90.0 24.6
23 Low risk 303 72.6 1.6
24 Moderate risk 1,127 69.2 3.7
25 Other 254 64.2 26.4
Months
26 More than 365 days 51 93.7 8.9
27 Minimal risk 51 100.0 1.5
28 Low risk 40 98.8 8.6
29 Moderate risk 58 88.3 9.5
30 Other 66 91.7 11.7
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 322 84.6 26.2
32 100-999 207 83.7 21.4
33 1,000-9,999 189 65.9 15.7
34 10,000 or more 34 29.0 17.9
BASE RATE OF LOAN(4)
35 Prime(7) 95 81.1 26.1
36 Fed funds 633 82.6 17.0
37 Other domestic 434 93.3 9.5
38 Foreign 247 55.4 1.3
39 Other 360 71.8 22.8
Amount of loans (percent)
Item
Most
Subject to common
prepayment Made under base pricing
penalty commitment rate(4)
LOAN RISK(5)
1 All commercial and
industrial loans 8.4 75.9 Prime
2 Minimal risk 4.2 44.7 Prime
3 Low risk 3.4 71.9 Other
4 Moderate risk 12.9 74.5 Prime
5 Other 16.0 77.2 Prime
By maturity/repricing
interval(6)
6 Zero interval 4.6 85.1 Prime
7 Minimal risk 15.0 86.8 Prime
8 Low risk 5.3 68.2 Prime
9 Moderate risk 6.3 86.3 Prime
10 Other 5.1 87.9 Prime
11 Daily 3.6 75.5 Prime
12 Minimal risk * * *
13 Low risk 1.2 92.8 Other
14 Moderate risk 2.3 63.4 Prime
15 Other 1.4 87.6 Prime
16 2 to 30 days 17.3 81.2 Foreign
17 Minimal risk * * *
18 Low risk 4.4 69.9 Other
19 Moderate risk 40.2 92.1 Foreign
20 Other 26.7 74.0 Foreign
21 31 to 365 days 12.7 66.1 Other
22 Minimal risk .6 29.0 Prime
23 Low risk 1.8 66.2 Other
24 Moderate risk 34.1 63.4 Other
25 Other 31.0 78.2 Other
26 More than 365 days 10.3 54.4 Other
27 Minimal risk * 34.1 Other
28 Low risk 2.1 79.2 Foreign
29 Moderate risk 8.1 37.4 Other
30 Other 35.2 34.6 Other
SIZE OF LOAN
(thousands of dollars)
31 1-99 3.8 67.4 Prime
32 100-999 8.8 75.6 Prime
33 1,000-9,999 9.1 79.9 Prime
34 10,000 or more 16.0 83.9 Foreign
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 4.8 76.4 74
36 Fed funds 29.2 94.1 73
37 Other domestic 5.1 68.7 79
38 Foreign 22.3 93.1 849
39 Other 6.1 65.2 75
E. Commercial and industrial loans made by U.S. branches and
agencies of foreign banks(1)
Weighted- Amount of Average
average loans loan size
Item effective (millions (thousands
loan rate of dollars) of dollars)
(percent)(2)
LOAN RISK(5)
1 All commercial and
industrial loans 6.63 36,544 4,748
2 Minimal risk 6.16 2,778 8,990
3 Low risk 6.24 4,852 6,148
4 Moderate risk 6.66 6,729 3,494
5 Other 7.31 9,874 3,273
By maturity/repricing
interval(6)
6 Zero interval 6.23 6,109 3,626
7 Minimal risk * * *
8 Low risk 8.71 40 673
9 Moderate risk 8.82 161 398
10 Other 9.60 228 428
11 Daily 6.59 11,941 8,455
12 Minimal risk 6.14 1,406 10,447
13 Low risk 6.33 2,234 10,672
14 Moderate risk 6.74 1,744 4,605
15 Other 6.84 3,484 8,190
16 2 to 30 days 6.73 12,594 4,776
17 Minimal risk 6.22 1,187 8,817
18 Low risk 6.09 2,145 5,492
19 Moderate risk 6.48 4,039 4,862
20 Other 7.40 4,515 4,155
21 31 to 365 days 7.03 3,050 2,664
22 Minimal risk * * *
23 Low risk 6.34 433 3,341
24 Moderate risk 6.83 727 2,445
25 Other 7.59 1,492 2,320
26 More than 365 days * * *
27 Minimal risk * * *
28 Low risk * * *
29 Moderate risk * * *
30 Other * * *
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 8.99 41 3.7
32 100-999 7.65 1,145 3.4
33 1,000-9,999 6.91 10,137 3.2
34 10,000 or more 6.46 25,221 3.0
BASE RATE OF LOAN(4)
35 Prime(7) 8.96 1,729 3.4
36 Fed funds 6.39 13,118 3.1
37 Other domestic 6.79 2,715 2.2
38 Foreign 6.75 12,405 2.9
39 Other 6.20 6,577 4.6
Weighted- Amount of loans
average (percent)
maturity(3)
Item
Secured by Callable
collateral
Days
LOAN RISK(5)
1 All commercial and
industrial loans 33 34.8 3.8
2 Minimal risk 23 .2 *
3 Low risk 42 1.3 3.9
4 Moderate risk 31 26.7 5.1
5 Other 46 19.2 2.5
By maturity/repricing
interval(6)
6 Zero interval 45 92.4 2.5
7 Minimal risk * * *
8 Low risk 572 36.6 5.0
9 Moderate risk 155 37.5 .9
10 Other 924 32.6 *
11 Daily 3 17.9 3.0
12 Minimal risk 1 * *
13 Low risk 10 .3 5.0
14 Moderate risk 2 5.6 11.8
15 Other 2 36.2 .9
16 2 to 30 days 32 14.1 1.9
17 Minimal risk 30 .3 *
18 Low risk 60 1.3 3.5
19 Moderate risk 22 34.1 2.6
20 Other 30 7.4 1.3
21 31 to 365 days 119 10.2 .2
22 Minimal risk * * *
23 Low risk 90 2.9 *
24 Moderate risk 82 28.3 1.0
25 Other 153 5.4 *
Months
26 More than 365 days * * *
27 Minimal risk * * *
28 Low risk * * *
29 Moderate risk * * *
30 Other * * *
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 16 63.6 29.0
32 100-999 23 44.0 17.9
33 1,000-9,999 25 28.8 5.8
34 10,000 or more 13 36.7 2.3
BASE RATE OF LOAN(4)
35 Prime(7) 20 51.8 57.2
36 Fed funds 6 28.4 .4
37 Other domestic 5 1.5 *
38 Foreign 35 15.5 1.9
39 Other 4 93.3 1.6
Amount of loans (percent)
Item
Most
Subject to common
prepayment Made under base pricing
penalty commitment rate(4)
LOAN RISK(5)
1 All commercial and
industrial loans 37.5 71.9 Fed funds
2 Minimal risk 44.1 76.4 Foreign
3 Low risk 55.5 59.2 Foreign
4 Moderate risk 55.6 85.3 Foreign
5 Other 31.5 62.0 Foreign
By maturity/repricing
interval(6)
6 Zero interval .6 99.1 Other
7 Minimal risk * * *
8 Low risk 1.5 94.9 Prime
9 Moderate risk 22.5 76.6 Prime
10 Other * 99.4 Prime
11 Daily 37.0 40.1 Fed funds
12 Minimal risk 17.5 61.9 Fed funds
13 Low risk 35.9 25.9 Fed funds
14 Moderate risk 12.8 70.8 Fed funds
15 Other 25.3 36.0 Fed funds
16 2 to 30 days 57.1 78.4 Foreign
17 Minimal risk 70.9 92.9 Foreign
18 Low risk 75.0 89.7 Foreign
19 Moderate risk 67.9 89.4 Foreign
20 Other 33.7 69.2 Foreign
21 31 to 365 days 65.9 88.3 Foreign
22 Minimal risk * * *
23 Low risk 65.0 76.3 Foreign
24 Moderate risk 97.4 98.0 Foreign
25 Other 47.1 91.3 Foreign
26 More than 365 days * * *
27 Minimal risk * * *
28 Low risk * * *
29 Moderate risk * * *
30 Other * * *
SIZE OF LOAN
(thousands of dollars)
31 1-99 12.1 94.1 Prime
32 100-999 34.7 87.4 Prime
33 1,000-9,999 42.4 83.5 Foreign
34 10,000 or more 35.6 66.4 Fed funds
Average size
(thousands
BASE RATE OF LOAN(4) of dollars)
35 Prime(7) .4 93.5 734
36 Fed funds 14.2 56.5 8,320
37 Other domestic 99.2 2.6 7,781
38 Foreign 72.2 95.2 5,079
39 Other 2.7 81.3 6,767
NOTES TO TABLE 4.23
NOTE. The Survey of Terms of Business Lending collects data on gross
loan extensions made during the first full business week in
the mid-month of each quarter. The authorized panel size for
the survey is 348 domestically chartered commercial banks and
50 U.S. branches and agencies of foreign banks. The sample
data are used to estimate the terms of loans extended during that
week at all domestic commercial banks and all U.S. branches and
agencies of foreign banks. Note that the terms on loans extended
during the survey week may differ from those extended during
other weeks of the quarter. The estimates reported here are
not intended to measure the average terms on all business
loans in bank portfolios.
(1) As of December 31, 1996, assets of most of the large banks
were at least $70 billion. Median total assets for all insured
banks were roughly $62 million. Assets at all U.S. branches
and agencies averaged 1.3 billion.
(2) Effective (compounded) annual interest rates are calculated
from the stated rate and other terms of the loans and weighted
by loan amount. The standard error of the loan rate for
all commercial and industrial loans in the current survey (line 1,
column 1) is 0.13 percentage point. The chances are about two out
of three that the average rate shown would differ by less
than this amount from the average rate that would be found by a
complete survey of the universe of all banks.
(3) Average maturities are weighted by loan amount and exclude
loans with no stated maturities.
(4) The most common base pricing rate is that used to price the
largest dollar volume of loans. Base pricing rates include the
prime rate (sometimes referred to as a bank's "base" or
"reference" rate); the federal funds rate; domestic money market
rates other than the prime rate and the federal funds rate;
foreign money market rates; and other base rates not included
in the foregoing classifications.
(5) A complete description of these risk categories is available
from the Banking Analysis Section, Mail Stop 81, Board of
Governors of the Federal Reserve System, Washington, DC
20551. The category "Moderate risk" includes the average loan,
under average economic conditions, at the typical lender. The
category "Other" includes loans rated "acceptable" as well
as special mention or classified loans. The weighted-average risk
ratings published for loans in rows 31-39 are calculated by
assigning a value of "1" to minimal risk loans; "2" to
low risk loans; "3" to moderate risk loans, "4" to acceptable
risk loans; and "5" to special mention and classified loans.
These values are weighted by loan amount and exclude loans
with no risk rating. Some of the loans in lines 1, 6, 11, 16, 21,
26, and 31-39 are not rated for risk.
(6) The maturity/repricing interval measures the period
from the date the loan is made until it first may reprice
or it matures. For floating-rate loans that are subject to
repricing at any time--such as many prime-based loans--the
maturity/repricing interval is zero. For floating-rate
loans that have a scheduled repricing interval, the maturity/repricing
interval measures the number of days between the date the loan
is made and the date on which it is next scheduled to reprice. For
loans having rates that remain fixed until the loan matures
(fixed-rate loans), the maturity/repricing interval measures the
number of days between the date the loan is made and the date on
which it matures. Loans that reprice daily mature or reprice
on the business day after they are made. Owing to weekends and
holidays, such loans may have maturity/repricing intervals in excess
of one day; such loans are not included in the "2 to 30 day" category.
(7) For the current survey, the average reported prime rate,
weighted by the amount of loans priced relative to a prime
base rate, was 8.52 percent for all banks; 8.50 percent for
large domestic banks, 8.61 percent for small domestic banks;
and 8.50 percent for U.S. branches and agencies of foreign banks.
4.30 ASSETS AND LIABILITIES of U.S. Branches and Agencies
of Foreign Banks, December 31, 2000(1)
Millions of dollars except as noted
All states(2)
Item
Total IBFs
including only(3)
IBFs(3)
1 Total assets(4) 984,296 185,168
2 Claims on nonrelated parties 785,032 78,408
3 Cash and balances due from
depository institutions 77,024 34,714
4 Cash items in process of
collection and
unposted debits 1,950 0
5 Currency and coin
(U.S. and foreign) 17 n.a.
6 Balances with depository
institutions in
United States 52,562 16,334
7 U.S. branches and agencies
of other foreign banks
(including IBFs) 45,697 15,661
8 Other depository
institutions
in United States
(including IBFs) 6,865 673
9 Balances with banks in foreign
countries and with
foreign central banks 22,124 18,380
10 Foreign branches of
U.S. banks 800 719
11 Banks in home country
and home-country
central banks 7,609 6,630
12 All other banks in
foreign countries
and foreign central
banks 13,716 11,031
13 Balances with Federal
Reserve Banks 371 n.a.
14 Total securities and loans 454,332 37,480
15 Total securities, book value 110,895 3,944
16 U.S. Treasury 12,115 n.a.
17 Obligations of U.S.
government
agencies and
corporations 45,319 n.a.
18 Other bonds, notes,
debentures, and
corporate stock
(including state
and local securities) 53,461 3,944
19 Securities of foreign
governmental units 9,637 1,870
20 All Other 43,823 2,075
21 Federal funds sold and securities
purchased under
agreements to resell 111,185 4,098
22 U.S. branches and agencies of
other foreign banks 11,183 2,654
23 Commercial banks in United
States 13,220 172
24 Other 86,782 1,271
25 Total loans, gross 343,820 33,580
26 LESS: Unearned income on
loans 383 44
27 EQUALS: Loans, net 343,436 33,536
Total loans, gross, by category
28 Real estate loans 17,155 68
29 Loans to depository institutions 25,703 15,810
30 Commercial banks in
United States
(including IBFs) 6,804 2,529
31 U.S. branches
and agencies of
other foreign banks 4,799 2,439
32 Other commercial banks
in United States 2,005 90
33 Other depository institutions
in United States
(including IBFs) 15 0
34 Banks in foreign countries 18,884 13,281
35 Foreign branches of
U.S. banks 294 257
36 Other banks in foreign
countries 18,590 13,024
37 Loans to other financial
institutions 51,033 2,001
38 Commercial and industrial loans 221,808 13,446
39 U.S. addressees (domicile) 182,063 42
40 Non-U.S. addressees
(domicile) 39,745 13,404
41 Acceptances of other banks 565 13
42 U.S. banks 8 0
43 Foreign banks 557 13
44 Loans to foreign governments
and official institutions
(including
foreign central banks) 3,975 2,158
45 Loans for purchasing or carrying
securities (secured and
unsecured) 14,969 0
46 All other loans 7,967 86
47 Lease financing receivables
(net of unearned income) 644 0
48 U.S. addressees (domicile) 644 0
49 Non-U.S. addressees
(domicile) 0 0
50 Trading assets 106,624 644
51 All other assets 35,868 1,472
52 Customers' liabilities on
acceptances
outstanding 1,402 n.a.
53 U.S. addressees
(domicile) 702 n.a.
54 Non-U.S. addressees
(domicile) 700 n.a.
55 Other assets including other
claims on
nonrelated
parties 34,466 1,472
56 Net due from related depository
institutions(5) 199,264 106,760
57 Net due from head office
and other related
depository
institutions(5) 199,264 n.a.
58 Net due from establishing
entity, head office,
and other related
depository
institutions(5) n.a. 106,760
59 Total liabilities(4) 984,296 185,168
60 Liabilities to nonrelated parties 867,955 169,823
All states(2)
Item
Total IBFs
excluding only(3)
IBFs(3)
61 Total deposits and
credit balances 388,659 123,950
62 Individuals, partnerships,
and corporations 283,873 10,702
63 U.S. addressees
(domicile) 267,017 3
64 Non-U.S. addressees
(domicile) 16,855 10,699
65 Commercial banks in
United States
(including IBFs) 53,671 15,394
66 U.S. branches and
agencies of
other foreign
banks 25,606 14,189
67 Other commercial banks
in United States 28,065 1,206
68 Banks in foreign countries 6,647 69,358
69 Foreign branches
of U.S. banks 1,727 3,628
70 Other banks in foreign
countries 4,919 65,731
71 Foreign governments and
official institutions
(including foreign
central banks) 22,053 28,471
72 All other deposits and
credit balances 22,178 25
73 Certified and official
checks 237 n.a.
74 Transaction accounts and credit
balances (excluding
IBFs) 8,798 n.a.
75 Individuals, partnerships,
and corporations 6,884 n.a.
76 U.S. addressees
(domicile) 4,623 n.a.
77 Non-U.S. addressees
(domicile) 2,261 n.a.
78 Commercial banks in United
States (including
IBFs) 153 n.a.
79 U.S. branches and
agencies of
other foreign
banks 79 n.a.
80 Other commercial banks
in United States 74 n.a.
81 Banks in foreign countries 813 n.a.
82 Foreign branches
of U.S. banks 12 n.a.
83 Other banks in foreign
countries 801 n.a.
84 Foreign governments and
in United States
including foreign
central banks) 597 n.a.
85 All other deposits and
credit balances 114 n.a.
86 Certified and official checks 237 n.a.
87 Demand deposits (included in
transaction accounts
and credit balances) 8,196 n.a.
88 Individuals, partnerships,
and corporations 6,409 n.a.
89 U.S. addressees
(domicile) 4,439 n.a.
90 Non-U.S. addressees
(domicile) 1,970 n.a.
91 Commercial banks in United
States (including
IBFs) 129 n.a.
92 U.S. branches
and agencies
of other foreign
banks 73 n.a.
93 Other commercial
banks in
United States 57 n.a.
94 Banks in foreign countries 787 n.a.
95 Foreign branches
of U.S. banks 1 n.a.
96 Other banks in foreign
countries 786 n.a.
97 Foreign governments and
official institutions
(including foreign
central banks) 590 n.a.
98 All other deposits and
credit balances 43 n.a.
99 Certified and official checks 237 n.a.
100 Nontransaction
accounts (including
MMDAs, excluding
IBFs) 379,861 n.a.
101 Individuals, partnerships,
and corporations 276,989 n.a.
102 U.S. addressees
(domicile) 262,395 n.a.
103 Non-U.S. addressees
(domicile) 14,594 n.a.
104 Commercial banks
in United
States (including
IBFs) 53,518 n.a.
105 U.S. branches and
agencies
of other foreign
banks 25,527 n.a.
106 Other commercial
banks in
United States 27,991 n.a.
107 Banks in foreign countries 5,834 n.a.
108 Foreign branches
of U.S. banks 1,715 n.a.
109 Other banks in foreign
countries 4,119 n.a.
110 Foreign governments and
official institutions
including foreign
central banks) 21,456 n.a.
111 All other deposits and
credit balances 22,064 n.a.
112 IBF deposit liabilities n.a. 123,950
113 Individuals, partnerships,
and corporations n.a. 10,702
114 U.S. addressees
(domicile) n.a. 3
115 Non-U.S. addressees
(domicile) n.a. 10,699
116 Commercial banks in United
States (including
IBFs) n.a. 15,394
117 U.S. branches and
agencies of other
foreign banks n.a. 14,189
118 Other commercial
banks in
United States n.a. 1,206
119 Banks in foreign countries n.a. 69,358
120 Foreign branches
of U.S. banks n.a. 3,628
121 Other banks in
foreign countries n.a. 65,731
122 Foreign governments and
official institutions
(including foreign
central banks) n.a. 28,471
123 All other deposits and
credit balances n.a. 25
All states(2)
Item
Total IBFs
including only(3)
IBFs(3)
124 Federal funds purchased
and securities
sold under
agreements to
repurchase 175,938 20,281
125 U.S. branches and
agencies of
other foreign banks 12,861 3,246
126 Other commercial
banks in United
States 12,139 484
127 Other 150,938 16,551
128 Other borrowed money 79,224 23,399
129 Owed to nonrelated
commercial banks
in United States
(including IBFs) 12,693 4,336
130 Owed to U.S. offices
of nonrelated
U.S. banks 5,585 696
131 Owed to U.S. branches
and agencies
of nonrelated
foreign banks 7,108 3,640
132 Owed to nonrelated banks in
foreign countries 17,196 13,676
133 Owed to foreign
branches of
nonrelated U.S. banks 1,089 744
134 Owed to foreign offices of
nonrelated foreign
banks 16,107 12,932
135 Owed to others 49,335 5,387
136 All other liabilities 100,184 2,193
137 Branch or agency liability
on acceptances
executed and
outstanding 1,782 n.a.
138 Trading liabilities 67,247 38
139 Other liabilities to
nonrelated parties 31,156 2,155
140 Net due to related depository
institutions(5) 116,341 15,345
141 Net due to head office and
other related
depository
institutions(5) 116,341 n.a.
142 Net due to
establishing entity,
head office, and other
related depository
institutions(5) n.a. 15,345
MEMO
143 Non-interest-bearing
balances with
commercial banks
in United States 1,208 0
144 Holding of own
acceptances included
in commercial and
industrial loan 1,806 n.a.
145 Commercial and industrial
loans with
remaining maturity
of one year
or less (excluding
those in
nonaccrual status) 108,210 n.a.
146 Predetermined interest
rates 57,483 n.a.
147 Floating interest rates 50,727 n.a.
148 Commercial and industrial
loans with remaining
maturity of more
than one year
(excluding those in
nonaccrual status) 111,112 n.a.
149 Predetermined interest 28,793 n.a.
rates
150 Floating interest rates 82,319 n.a.
All states(2)
Item
Total IBFs
excluding only(3)
IBFs(3)
151 Components of total
nontransaction
accounts, included
in total
deposits and
credit balances
excluding IBFs) 380,535 n.a.
152 Time deposits of
$100,000 or more 373,632 n.a.
153 Time CDs in
denominations of
$100,000 or more
with remaining
maturity of
more than 12 months 6,903 n.a.
All states(2)
Item
Total IBFs
including only
IBFs(3)
154 Immediately available
funds with a
maturity greater
than one day
included in other
borrowed money 28,837 n.a.
155 Number of reports filed(6) 340
New York
Item
Total IBFs
including only
IBFs
1 Total assets(4) 825,972 159,638
2 Claims on nonrelated parties 645,211 71,169
3 Cash and balances due from
depository institutions 75,100 34,210
4 Cash items in process of
collection and
unposted debits 1,893 0
5 Currency and coin
(U.S. and foreign) 12 n.a.
6 Balances with depository
institutions in
United States 51,052 16,056
7 U.S. branches and agencies
of other foreign banks
(including IBFs) 44,586 15,409
8 Other depository
institutions
in United States
(including IBFs) 6,465 647
9 Balances with banks in foreign
countries and with
foreign central banks 21,865 18,154
10 Foreign branches of
U.S. banks 699 619
11 Banks in home country
and home-country
central banks 7,591 6,619
12 All other banks in
foreign countries
and foreign central
banks 13,575 10,916
13 Balances with Federal
Reserve Banks 278 n.a.
14 Total securities and loans 364,336 31,014
15 Total securities, book value 103,055 3,476
16 U.S. Treasury 11,826 n.a.
17 Obligations of U.S.
government
agencies and
corporations 42,963 n.a.
18 Other bonds, notes,
debentures, and
corporate stock
(including state
and local securities) 48,267 3,476
19 Securities of foreign
governmental units 9,454 1,809
20 All Other 38,813 1,667
21 Federal funds sold and securities
purchased under
agreements to resell 108,074 3,971
22 U.S. branches and agencies of
other foreign banks 10,890 2,558
23 Commercial banks in United
States 12,619 163
24 Other 84,565 1,250
25 Total loans, gross 261,573 27,581
26 LESS: Unearned income on
loans 292 43
27 EQUALS: Loans, net 261,280 27,538
Total loans, gross, by category
28 Real estate loans 12,393 68
29 Loans to depository institutions 19,097 11,697
30 Commercial banks in
United States
(including IBFs) 4,736 1,466
31 U.S. branches
and agencies of
other foreign banks 2,966 1,376
32 Other commercial banks
in United States 1,770 90
33 Other depository institutions
in United States
(including IBFs) 0 0
34 Banks in foreign countries 14,361 10,231
35 Foreign branches of
U.S. banks 291 254
36 Other banks in foreign
countries 14,070 9,977
37 Loans to other financial
institutions 40,619 1,814
38 Commercial and industrial loans 164,652 11,905
39 U.S. addressees (domicile) 135,663 42
40 Non-U.S. addressees
(domicile) 28,989 11,864
41 Acceptances of other banks 141 13
42 U.S. banks 5 0
43 Foreign banks 136 13
44 Loans to foreign governments
and official institutions
(including
foreign central banks) 3,368 2,021
45 Loans for purchasing or carrying
securities (secured and
unsecured) 14,638 0
46 All other loans 6,410 63
47 Lease financing receivables
(net of unearned income) 255 0
48 U.S. addressees (domicile) 255 0
49 Non-U.S. addressees
(domicile) 0 0
50 Trading assets 65,832 644
51 All other assets 31,870 1,330
52 Customers' liabilities on
acceptances
outstanding 1,019 n.a.
53 U.S. addressees
(domicile) 522 n.a.
54 Non-U.S. addressees
(domicile) 497 n.a.
55 Other assets including other
claims on
nonrelated
parties 30,851 1,330
56 Net due from related depository
institutions(5) 180,761 88,469
57 Net due from head office
and other related
depository
institutions(5) 180,761 n.a.
58 Net due from establishing
entity, head office,
and other related
depository
institutions(5) n.a. 88,469
59 Total liabilities(4) 825,972 159,638
60 Liabilities to nonrelated parties 752,840 145,183
New York
Item
Total IBFs
excluding only
IBFs
61 Total deposits and
credit balances 333,058 111,077
62 Individuals, partnerships,
and corporations 238,095 5,537
63 U.S. addressees
(domicile) 228,054 3
64 Non-U.S. addressees
(domicile) 10,041 5,534
65 Commercial banks in
United States
(including IBFs) 47,773 15,049
66 U.S. branches and
agencies of
other foreign
banks 21,948 13,854
67 Other commercial banks
in United States 25,825 1,195
68 Banks in foreign countries 6,471 66,776
69 Foreign branches
of U.S. banks 1,727 3,474
70 Other banks in foreign
countries 4,744 63,302
71 Foreign governments and
official institutions
(including foreign
central banks) 19,672 23,690
72 All other deposits and
credit balances 20,846 25
73 Certified and official
checks 201 n.a.
74 Transaction accounts and credit
balances (excluding
IBFs) 6,978 n.a.
75 Individuals, partnerships,
and corporations 5,267 n.a.
76 U.S. addressees
(domicile) 3,910 n.a.
77 Non-U.S. addressees
(domicile) 1,356 n.a.
78 Commercial banks in United
States (including
IBFs) 150 n.a.
79 U.S. branches and
agencies of
other foreign
banks 78 n.a.
80 Other commercial banks
in United States 72 n.a.
81 Banks in foreign countries 690 n.a.
82 Foreign branches
of U.S. banks 12 n.a.
83 Other banks in foreign
countries 678 n.a.
84 Foreign governments and
in United States
including foreign
central banks) 559 n.a.
85 All other deposits and
credit balances 110 n.a.
86 Certified and official checks 201 n.a.
87 Demand deposits (included in
transaction accounts
and credit balances) 6,643 n.a.
88 Individuals, partnerships,
and corporations 5,057 n.a.
89 U.S. addressees
(domicile) 3,851 n.a.
90 Non-U.S. addressees
(domicile) 1,205 n.a.
91 Commercial banks in United
States (including
IBFs) 127 n.a.
92 U.S. branches
and agencies
of other foreign
banks 72 n.a.
93 Other commercial
banks in
United States 55 n.a.
94 Banks in foreign countries 665 n.a.
95 Foreign branches
of U.S. banks 1 n.a.
96 Other banks in foreign
countries 664 n.a.
97 Foreign governments and
official institutions
(including foreign
central banks) 552 n.a.
98 All other deposits and
credit balances 41 n.a.
99 Certified and official checks 201 n.a.
100 Nontransaction
accounts (including
MMDAs, excluding
IBFs) 326,080 n.a.
101 Individuals, partnerships,
and corporations 232,828 n.a.
102 U.S. addressees
(domicile) 224,143 n.a.
103 Non-U.S. addressees
(domicile) 8,685 n.a.
104 Commercial banks
in United
States (including
IBFs) 47,623 n.a.
105 U.S. branches and
agencies
of other foreign
banks 21,870 n.a.
106 Other commercial
banks in
United States 25,753 n.a.
107 Banks in foreign countries 5,781 n.a.
108 Foreign branches
of U.S. banks 1,715 n.a.
109 Other banks in foreign
countries 4,065 n.a.
110 Foreign governments and
official institutions
including foreign
central banks) 19,112 n.a.
111 All other deposits and
credit balances 20,736 n.a.
112 IBF deposit liabilities n.a. 111,077
113 Individuals, partnerships,
and corporations n.a. 5,537
114 U.S. addressees
(domicile) n.a. 3
115 Non-U.S. addressees
(domicile) n.a. 5,534
116 Commercial banks in United
States (including
IBFs) n.a. 15,049
117 U.S. branches and
agencies of other
foreign banks n.a. 13,854
118 Other commercial
banks in
United States n.a. 1,195
119 Banks in foreign countries n.a. 66,776
120 Foreign branches
of U.S. banks n.a. 3,474
121 Other banks in
foreign countries n.a. 63,302
122 Foreign governments and
official institutions
(including foreign
central banks) n.a. 23,690
123 All other deposits and
credit balances n.a. 25
New York
Item
Total IBFs
including only
IBFs
124 Federal funds purchased
and securities
sold under
agreements to
repurchase 165,764 14,882
125 U.S. branches and
agencies of
other foreign banks 10,796 2,354
126 Other commercial
banks in United
States 10,954 279
127 Other 144,014 12,249
128 Other borrowed money 61,651 17,197
129 Owed to nonrelated
commercial banks
in United States
(including IBFs) 10,523 3,180
130 Owed to U.S. offices
of nonrelated
U.S. banks 4,955 592
131 Owed to U.S. branches
and agencies
of nonrelated
foreign banks 5,568 2,588
132 Owed to nonrelated banks in
foreign countries 13,098 9,756
133 Owed to foreign
branches of
nonrelated U.S. banks 867 545
134 Owed to foreign offices of
nonrelated foreign
banks 12,231 9,211
135 Owed to others 38,031 4,261
136 All other liabilities 81,289 2,026
137 Branch or agency liability
on acceptances
executed and
outstanding 1,156 n.a.
138 Trading liabilities 52,926 38
139 Other liabilities to
nonrelated parties 27,208 1,988
140 Net due to related depository
institutions(5) 73,132 14,455
141 Net due to head office and
other related
depository
institutions(5) 73,132 n.a.
142 Net due to
establishing entity,
head office, and other
related depository
institutions(5) n.a. 14,455
MEMO
143 Non-interest-bearing
balances with
commercial banks
in United States 1,128 0
144 Holding of own
acceptances included
in commercial and
industrial loan 1,360 n.a.
145 Commercial and industrial
loans with
remaining maturity
of one year
or less (excluding
those in
nonaccrual status) 76,589 n.a.
146 Predetermined interest
rates 38,777 n.a.
147 Floating interest rates 37,812 n.a.
148 Commercial and industrial
loans with remaining
maturity of more
than one year
(excluding those in
nonaccrual status) 86,076 n.a.
149 Predetermined interest 20,898 n.a.
rates
150 Floating interest rates 65,178 n.a.
New York
Item
Total IBFs
excluding only
IBFs
151 Components of total
nontransaction
accounts, included
in total
deposits and
credit balances
excluding IBFs) 328,249 n.a.
152 Time deposits of
$100,000 or more 321,399 n.a.
153 Time CDs in
denominations of
$100,000 or more
with remaining
maturity of
more than 12 months 6,850 n.a.
New York
Item
Total IBFs
including only
IBFs
154 Immediately available
funds with a
maturity greater
than one day
included in other
borrowed money 24,459 n.a.
155 Number of reports filed(6) 177
California
Item
Total IBFs
including only
IBFs
1 Total assets(4) 26,474 7,161
2 Claims on nonrelated parties 25,855 2,275
3 Cash and balances due from
depository institutions 772 196
4 Cash items in process of
collection and
unposted debits 6 0
5 Currency and coin
(U.S. and foreign) 1 n.a.
6 Balances with depository
institutions in
United States 641 122
7 U.S. branches and agencies
of other foreign banks
(including IBFs) 490 121
8 Other depository
institutions
in United States
(including IBFs) 152 1
9 Balances with banks in foreign
countries and with
foreign central banks 82 74
10 Foreign branches of
U.S. banks 0 0
11 Banks in home country
and home-country
central banks 8 8
12 All other banks in
foreign countries
and foreign central
banks 74 66
13 Balances with Federal
Reserve Banks 42 n.a.
14 Total securities and loans 24,209 2,024
15 Total securities, book value 1,192 420
16 U.S. Treasury 45 n.a.
17 Obligations of U.S.
government
agencies and
corporations 200 n.a.
18 Other bonds, notes,
debentures, and
corporate stock
(including state
and local securities) 947 420
19 Securities of foreign
governmental units 149 48
20 All Other 799 373
21 Federal funds sold and securities
purchased under
agreements to resell 291 12
22 U.S. branches and agencies of
other foreign banks 41 4
23 Commercial banks in United
States 238 8
24 Other 12 0
25 Total loans, gross 23,061 1,605
26 LESS: Unearned income on
loans 43 1
27 EQUALS: Loans, net 23,018 1,604
Total loans, gross, by category
28 Real estate loans 3,032 0
29 Loans to depository institutions 2,007 1,392
30 Commercial banks in
United States
(including IBFs) 1,590 1,003
31 U.S. branches
and agencies of
other foreign banks 1,528 1,003
32 Other commercial banks
in United States 62 0
33 Other depository institutions
in United States
(including IBFs) 0 0
34 Banks in foreign countries 416 389
35 Foreign branches of
U.S. banks 0 0
36 Other banks in foreign
countries 416 389
37 Loans to other financial
institutions 1,261 0
38 Commercial and industrial loans 16,175 191
39 U.S. addressees (domicile) 14,866 0
40 Non-U.S. addressees
(domicile) 1,308 191
41 Acceptances of other banks 26 0
42 U.S. banks 3 0
43 Foreign banks 23 0
44 Loans to foreign governments
and official institutions
(including
foreign central banks) 139 22
45 Loans for purchasing or carrying
securities (secured and
unsecured) 0 0
46 All other loans 421 0
47 Lease financing receivables
(net of unearned income) 0 0
48 U.S. addressees (domicile) 0 0
49 Non-U.S. addressees
(domicile) 0 0
50 Trading assets 54 0
51 All other assets 528 43
52 Customers' liabilities on
acceptances
outstanding 178 n.a.
53 U.S. addressees
(domicile) 169 n.a.
54 Non-U.S. addressees
(domicile) 9 n.a.
55 Other assets including other
claims on
nonrelated
parties 351 43
56 Net due from related depository
institutions(5) 619 4,886
57 Net due from head office
and other related
depository
institutions(5) 619 n.a.
58 Net due from establishing
entity, head office,
and other related
depository
institutions(5) n.a. 4,886
59 Total liabilities(4) 26,474 7,161
60 Liabilities to nonrelated parties 11,580 7,016
California
Item
Total IBFs
excluding only
IBFs
61 Total deposits and
credit balances 3,106 1,300
62 Individuals, partnerships,
and corporations 2,652 180
63 U.S. addressees
(domicile) 948 0
64 Non-U.S. addressees
(domicile) 1,704 180
65 Commercial banks in
United States
(including IBFs) 314 99
66 U.S. branches and
agencies of
other foreign
banks 0 99
67 Other commercial banks
in United States 314 0
68 Banks in foreign countries 13 121
69 Foreign branches
of U.S. banks 0 20
70 Other banks in foreign
countries 13 101
71 Foreign governments and
official institutions
(including foreign
central banks) 12 900
72 All other deposits and
credit balances 105 0
73 Certified and official
checks 9 n.a.
74 Transaction accounts and credit
balances (excluding
IBFs) 325 n.a.
75 Individuals, partnerships,
and corporations 299 n.a.
76 U.S. addressees
(domicile) 191 n.a.
77 Non-U.S. addressees
(domicile) 108 n.a.
78 Commercial banks in United
States (including
IBFs) 0 n.a.
79 U.S. branches and
agencies of
other foreign
banks 0 n.a.
80 Other commercial banks
in United States 0 n.a.
81 Banks in foreign countries 13 n.a.
82 Foreign branches
of U.S. banks 0 n.a.
83 Other banks in foreign
countries 13 n.a.
84 Foreign governments and
in United States
including foreign
central banks) 3 n.a.
85 All other deposits and
credit balances 1 n.a.
86 Certified and official checks 9 n.a.
87 Demand deposits (included in
transaction accounts
and credit balances) 256 n.a.
88 Individuals, partnerships,
and corporations 230 n.a.
89 U.S. addressees
(domicile) 169 n.a.
90 Non-U.S. addressees
(domicile) 61 n.a.
91 Commercial banks in United
States (including
IBFs) 0 n.a.
92 U.S. branches
and agencies
of other foreign
banks 0 n.a.
93 Other commercial
banks in
United States 0 n.a.
94 Banks in foreign countries 13 n.a.
95 Foreign branches
of U.S. banks 0 n.a.
96 Other banks in foreign
countries 13 n.a.
97 Foreign governments and
official institutions
(including foreign
central banks) 3 n.a.
98 All other deposits and
credit balances 0 n.a.
99 Certified and official checks 9 n.a.
100 Nontransaction
accounts (including
MMDAs, excluding
IBFs) 2,781 n.a.
101 Individuals, partnerships,
and corporations 2,353 n.a.
102 U.S. addressees
(domicile) 757 n.a.
103 Non-U.S. addressees
(domicile) 1,596 n.a.
104 Commercial banks
in United
States (including
IBFs) 314 n.a.
105 U.S. branches and
agencies
of other foreign
banks 0 n.a.
106 Other commercial
banks in
United States 314 n.a.
107 Banks in foreign countries 0 n.a.
108 Foreign branches
of U.S. banks 0 n.a.
109 Other banks in foreign
countries 0 n.a.
110 Foreign governments and
official institutions
including foreign
central banks) 9 n.a.
111 All other deposits and
credit balances 105 n.a.
112 IBF deposit liabilities n.a. 1,300
113 Individuals, partnerships,
and corporations n.a. 180
114 U.S. addressees
(domicile) n.a. 0
115 Non-U.S. addressees
(domicile) n.a. 180
116 Commercial banks in United
States (including
IBFs) n.a. 99
117 U.S. branches and
agencies of other
foreign banks n.a. 99
118 Other commercial
banks in
United States n.a. 0
119 Banks in foreign countries n.a. 121
120 Foreign branches
of U.S. banks n.a. 20
121 Other banks in
foreign countries n.a. 101
122 Foreign governments and
official institutions
(including foreign
central banks) n.a. 900
123 All other deposits and
credit balances n.a. 0
California
Item
Total IBFs
including only
IBFs
124 Federal funds purchased
and securities
sold under
agreements to
repurchase 836 384
125 U.S. branches and
agencies of
other foreign banks 420 291
126 Other commercial
banks in United
States 240 30
127 Other 176 63
128 Other borrowed money 5,920 5,276
129 Owed to nonrelated
commercial banks
in United States
(including IBFs) 1,363 1,092
130 Owed to U.S. offices
of nonrelated
U.S. banks 176 104
131 Owed to U.S. branches
and agencies
of nonrelated
foreign banks 1,187 988
132 Owed to nonrelated banks in
foreign countries 3,152 3,114
133 Owed to foreign
branches of
nonrelated U.S. banks 199 199
134 Owed to foreign offices of
nonrelated foreign
banks 2,953 2,915
135 Owed to others 1,406 1,070
136 All other liabilities 418 57
137 Branch or agency liability
on acceptances
executed and
outstanding 178 n.a.
138 Trading liabilities 44 0
139 Other liabilities to
nonrelated parties 196 57
140 Net due to related depository
institutions(5) 14,894 144
141 Net due to head office and
other related
depository
institutions(5) 14,894 n.a.
142 Net due to
establishing entity,
head office, and other
related depository
institutions(5) n.a. 144
MEMO
143 Non-interest-bearing
balances with
commercial banks
in United States 37 0
144 Holding of own
acceptances included
in commercial and
industrial loan 147 n.a.
145 Commercial and industrial
loans with
remaining maturity
of one year
or less (excluding
those in
nonaccrual status) 8,494 n.a.
146 Predetermined interest
rates 3,915 n.a.
147 Floating interest rates 4,579 n.a.
148 Commercial and industrial
loans with remaining
maturity of more
than one year
(excluding those in
nonaccrual status) 7,607 n.a.
149 Predetermined interest 1,036 n.a.
rates
150 Floating interest rates 6,571 n.a.
California
Item
Total IBFs
excluding only
IBFs
151 Components of total
nontransaction
accounts, included
in total
deposits and
credit balances
excluding IBFs) 2,609 n.a.
152 Time deposits of
$100,000 or more 2,591 n.a.
153 Time CDs in
denominations of
$100,000 or more
with remaining
maturity of
more than 12 months 18 n.a.
California
Item
Total IBFs
including only
IBFs
154 Immediately available
funds with a
maturity greater
than one day
included in other
borrowed money 3,107 n.a.
155 Number of reports filed(6) 69
Illinois
Item
Total IBFs
including only
IBFs
1 Total assets(4) 42,008 3,812
2 Claims on nonrelated parties 41,997 176
3 Cash and balances due from
depository institutions 335 135
4 Cash items in process of
collection and
unposted debits 11 0
5 Currency and coin
(U.S. and foreign) 0 n.a.
6 Balances with depository
institutions in
United States 186 10
7 U.S. branches and agencies
of other foreign banks
(including IBFs) 169 10
8 Other depository
institutions
in United States
(including IBFs) 17 0
9 Balances with banks in foreign
countries and with
foreign central banks 128 125
10 Foreign branches of
U.S. banks 100 100
11 Banks in home country
and home-country
central banks 1 0
12 All other banks in
foreign countries
and foreign central
banks 27 25
13 Balances with Federal
Reserve Banks 9 n.a.
14 Total securities and loans 28,665 32
15 Total securities, book value 4,782 12
16 U.S. Treasury 231 n.a.
17 Obligations of U.S.
government
agencies and
corporations 1,931 n.a.
18 Other bonds, notes,
debentures, and
corporate stock
(including state
and local securities) 2,619 12
19 Securities of foreign
governmental units 12 12
20 All Other 2,607 0
21 Federal funds sold and securities
purchased under
agreements to resell 1,372 0
22 U.S. branches and agencies of
other foreign banks 100 0
23 Commercial banks in United
States 4 0
24 Other 1,269 0
25 Total loans, gross 23,899 20
26 LESS: Unearned income on
loans 16 0
27 EQUALS: Loans, net 23,883 20
Total loans, gross, by category
28 Real estate loans 135 0
29 Loans to depository institutions 182 16
30 Commercial banks in
United States
(including IBFs) 2 0
31 U.S. branches
and agencies of
other foreign banks 1 0
32 Other commercial banks
in United States 1 0
33 Other depository institutions
in United States
(including IBFs) 0 0
34 Banks in foreign countries 180 16
35 Foreign branches of
U.S. banks 0 0
36 Other banks in foreign
countries 180 16
37 Loans to other financial
institutions 5,271 0
38 Commercial and industrial loans 17,032 0
39 U.S. addressees (domicile) 14.73 0
40 Non-U.S. addressees
(domicile) 2,299 0
41 Acceptances of other banks 398 0
42 U.S. banks 0 0
43 Foreign banks 398 0
44 Loans to foreign governments
and official institutions
(including
foreign central banks) 259 3
45 Loans for purchasing or carrying
securities (secured and
unsecured) 5 0
46 All other loans 230 0
47 Lease financing receivables
(net of unearned income) 388 0
48 U.S. addressees (domicile) 388 0
49 Non-U.S. addressees
(domicile) 0 0
50 Trading assets 9,725 0
51 All other assets 1,900 9
52 Customers' liabilities on
acceptances
outstanding 166 n.a.
53 U.S. addressees
(domicile) 7 n.a.
54 Non-U.S. addressees
(domicile) 159 n.a.
55 Other assets including other
claims on
nonrelated
parties 1,734 9
56 Net due from related depository
institutions(5) 11 3,636
57 Net due from head office
and other related
depository
institutions(5) 11 n.a.
58 Net due from establishing
entity, head office,
and other related
depository
institutions(5) n.a. 3,636
59 Total liabilities(4) 42,008 3,812
60 Liabilities to nonrelated parties 34,866 3,779
Illinois
Item
Total IBFs
excluding only
IBFs
61 Total deposits and
credit balances 13,413 2,535
62 Individuals, partnerships,
and corporations 12,407 13
63 U.S. addressees
(domicile) 12,370 0
64 Non-U.S. addressees
(domicile) 36 13
65 Commercial banks in
United States
(including IBFs) 621 101
66 U.S. branches and
agencies of
other foreign
banks 140 101
67 Other commercial banks
in United States 481 0
68 Banks in foreign countries 0 812
69 Foreign branches
of U.S. banks 0 134
70 Other banks in foreign
countries 0 677
71 Foreign governments and
official institutions
(including foreign
central banks) 383 1,610
72 All other deposits and
credit balances 0 0
73 Certified and official
checks 1 n.a.
74 Transaction accounts and credit
balances (excluding
IBFs) 208 n.a.
75 Individuals, partnerships,
and corporations 206 n.a.
76 U.S. addressees
(domicile) 204 n.a.
77 Non-U.S. addressees
(domicile) 2 n.a.
78 Commercial banks in United
States (including
IBFs) 0 n.a.
79 U.S. branches and
agencies of
other foreign
banks 0 n.a.
80 Other commercial banks
in United States 0 n.a.
81 Banks in foreign countries 0 n.a.
82 Foreign branches
of U.S. banks 0 n.a.
83 Other banks in foreign
countries 0 n.a.
84 Foreign governments and
in United States
including foreign
central banks) 0 n.a.
85 All other deposits and
credit balances 0 n.a.
86 Certified and official checks 1 n.a.
87 Demand deposits (included in
transaction accounts
and credit balances) 205 n.a.
88 Individuals, partnerships,
and corporations 203 n.a.
89 U.S. addressees
(domicile) 201 n.a.
90 Non-U.S. addressees
(domicile) 2 n.a.
91 Commercial banks in United
States (including
IBFs) 0 n.a.
92 U.S. branches
and agencies
of other foreign
banks 0 n.a.
93 Other commercial
banks in
United States 0 n.a.
94 Banks in foreign countries 0 n.a.
95 Foreign branches
of U.S. banks 0 n.a.
96 Other banks in foreign
countries 0 n.a.
97 Foreign governments and
official institutions
(including foreign
central banks) 0 n.a.
98 All other deposits and
credit balances 0 n.a.
99 Certified and official checks 1 n.a.
100 Nontransaction
accounts (including
MMDAs, excluding
IBFs) 13,204 n.a.
101 Individuals, partnerships,
and corporations 12,200 n.a.
102 U.S. addressees
(domicile) 12,166 n.a.
103 Non-U.S. addressees
(domicile) 34 n.a.
104 Commercial banks
in United
States (including
IBFs) 621 n.a.
105 U.S. branches and
agencies
of other foreign
banks 140 n.a.
106 Other commercial
banks in
United States 481 n.a.
107 Banks in foreign countries 0 n.a.
108 Foreign branches
of U.S. banks 0 n.a.
109 Other banks in foreign
countries 0 n.a.
110 Foreign governments and
official institutions
including foreign
central banks) 383 n.a.
111 All other deposits and
credit balances 0 n.a.
112 IBF deposit liabilities n.a. 2,535
113 Individuals, partnerships,
and corporations n.a. 13
114 U.S. addressees
(domicile) n.a. 0
115 Non-U.S. addressees
(domicile) n.a. 13
116 Commercial banks in United
States (including
IBFs) n.a. 101
117 U.S. branches and
agencies of other
foreign banks n.a. 101
118 Other commercial
banks in
United States n.a. 0
119 Banks in foreign countries n.a. 812
120 Foreign branches
of U.S. banks n.a. 134
121 Other banks in
foreign countries n.a. 677
122 Foreign governments and
official institutions
(including foreign
central banks) n.a. 1,610
123 All other deposits and
credit balances n.a. 0
Illinois
Item
Total IBFs
including only
IBFs
124 Federal funds purchased
and securities
sold under
agreements to
repurchase 3,337 1,209
125 U.S. branches and
agencies of
other foreign banks 845 201
126 Other commercial
banks in United
States 420 175
127 Other 2,072 833
128 Other borrowed money 5,694 19
129 Owed to nonrelated
commercial banks
in United States
(including IBFs) 314 2
130 Owed to U.S. offices
of nonrelated
U.S. banks 207 0
131 Owed to U.S. branches
and agencies
of nonrelated
foreign banks 107 2
132 Owed to nonrelated banks in
foreign countries 22 17
133 Owed to foreign
branches of
nonrelated U.S. banks 0 0
134 Owed to foreign offices of
nonrelated foreign
banks 22 17
135 Owed to others 5,358 0
136 All other liabilities 9,887 16
137 Branch or agency liability
on acceptances
executed and
outstanding 402 n.a.
138 Trading liabilities 8,254 0
139 Other liabilities to
nonrelated parties 1,231 16
140 Net due to related depository
institutions(5) 7,142 32
141 Net due to head office and
other related
depository
institutions(5) 7,142 n.a.
142 Net due to
establishing entity,
head office, and other
related depository
institutions(5) n.a. 32
MEMO
143 Non-interest-bearing
balances with
commercial banks
in United States 6 0
144 Holding of own
acceptances included
in commercial and
industrial loan 207 n.a.
145 Commercial and industrial
loans with
remaining maturity
of one year
or less (excluding
those in
nonaccrual status) 8,658 n.a.
146 Predetermined interest
rates 6,230 n.a.
147 Floating interest rates 2,429 n.a.
148 Commercial and industrial
loans with remaining
maturity of more
than one year
(excluding those in
nonaccrual status) 8,273 n.a.
149 Predetermined interest 4,812 n.a.
rates
150 Floating interest rates 3,461 n.a.
Illinois
Item
Total IBFs
excluding only
IBFs
151 Components of total
nontransaction
accounts, included
in total
deposits and
credit balances
excluding IBFs) 13,129 n.a.
152 Time deposits of
$100,000 or more 13,126 n.a.
153 Time CDs in
denominations of
$100,000 or more
with remaining
maturity of
more than 12 months 2 n.a.
Illinois
Item
Total IBFs
including only
IBFs
154 Immediately available
funds with a
maturity greater
than one day
included in other
borrowed money 422 n.a.
155 Number of reports filed(6) 28
(1.) Data are aggregates of categories reported on the quarterly
form FFIEC 002, "Report of Assets and Liabilities of U.S. Branches
and Agencies of Foreign Banks." The form was first used for reporting
data as of June 30, 1980, and was revised as of December 31, 1985.
From November 1972 through May 1980, U.S. branches and agencies of
foreign banks had files a monthly FR 886a report. Aggregate data from
that report were available through the Federal Reserve monthly
statistical release G.11, last issued on July 10, 1980. Data in this
table and in the G.11 tables are not strictly comparable because of
differences in reporting panels and in definitions of balance sheet
items.
(2.) Includes the district of Columbia.
(3.) Effective December 1981, the Federal Reserve Board amended
Regulations D and O to permit banking offices located in the
United States to operate international banking facilities
(IBFs). Since December 31, 1985, data for IBFs have been reported
in a separate column. These data are either included in or excluded
from the total columns as indicated in the headings. The notation
"n.a." indicates that no IBF data have been reported for that item,
either because the item is not an eligible IBF asset or liability
or because that level of detail is not reported for IBFs. From
December 1981 through September 1985, IBF data were included
in all applicable items reported.
(4.) Total assets and total liabilities include net balances, if
any, due from or owed to related banking institutions in the
United States and in foreign countries (see note 5). On the former
monthly branch and agency report, available through the G.11
monthly statistical release, gross balances were included in total
assets and total liabilities. Therefore, total assets and total
liability figures in this table are not comparable to those in the
G.11 tables.
(5.) Related depository institutions includes the foreign head
office and other U.S. and foreign branches and agencies of a bank,
a bank's parent holding company, and majority-owned banking
subsidiaries of the bank and of its parent holding company
(including subsidiaries owned both directly and
indirectly).
(6.) In some cases, two or more offices of a foreign bank
within the same metropolitan area file a consolidated report.
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