Financial Services Industry
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Federal Reserve Bulletin, August, 2001
4.20 DOMESTIC AND FOREIGN OFFICES Insured Commercial Bank Assets
and Liabilities Consolidated Report of Condition, March 31, 2001
Millions of dollars except as noted
Domestic
Item Total total
1 Total assets 6,232,042 5,486,991
2 Cash and balances due from
depository institutions 359,666 239,932
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.
9 Total securities,
held-to-maturity
(amortized cost) and
available-for-sale
(fair value) 1,028,839 n.a.
10 U.S. Treasury securities 54,665 n.a.
11 U.S. government agency and
corporation obligations
(excludes
mortgage-backed
securities) 200,041 n.a.
12 Issued by U.S. government
agencies 5,848 n.a.
13 Issued by U.S.
government-sponsored
agencies 194,192 n.a.
14 Securities issued by states
and political
subdivisions in the
United States 93,286 n.a.
15 Mortgage-backed securities
(MBS) 486,289 n.a.
16 Pass-through securities 313,046 n.a.
17 Guaranteed by GNMA 75,533 n.a.
18 Issued by FNMA and FHLMC 231,163 n.a.
19 Other pass-through
securities 6,350 n.a.
20 Other mortgage-backed
securities (includes
CMOs, REMICs,
and stripped MBS) 173,243 n.a.
21 Issued or guaranteed by
FNMA, FHLMC, or GNMA 110,295 n.a.
22 Collateralized by MBS
issued or guaranteed by
FNMA, FHLMC, or GNMA 4,622 n.a.
23 All other mortgage-backed
securities 58,326 n.a.
24 Asset-backed securities 70,574 n.a.
25 Credit card receivables 23,945 n.a.
26 Home equity lines 20,314 n.a.
27 Automobile loans 13,832 n.a.
28 Other consumer loans 1,058 n.a.
29 Commercial and industrial
loans 5,190 n.a.
30 Other 6,235 n.a.
31 Other debt securities 105,933 n.a.
32 Other domestic debt
securities 43,233 n.a.
33 Foreign debt securities 62,700 n.a.
34 Investments in mutual
funds and other equity
securities with readily
determinable fair value 18,051 n.a.
35 Federal funds sold and
securities purchased
under agreements
to resell 326,611 253,882
36 Total loans and leases (gross)
and lease-financing
receivables (net) 3,780,073 3,492,279
37 LESS: Unearned income
on loans 2,704 2,074
38 LESS: Loans and leases held
for sale 120,749 n.a.
39 Total loans and leases (net of
unearned income) 3,656,620 n.a.
40 LESS: Allowance for loan
and lease losses 63,551 n.a.
41 Loans and leases, net of
unearned income
and allowance 3,593,069 n.a.
Total loans and leases, gross,
by category
42 Loans secured by real estate 1,684,832 1,652,694
43 Construction and land
development n.a. 172,442
44 Farmland n.a. 34,269
45 One- to four-family
residential properties n.a. 918,900
46 Revolving, open-end loans,
extended under lines
of credit n.a. 129,939
Closed-end loans secured by
one- to four, family
residential properties
47 Secured by first liens n.a. 683,579
48 Secured by junior liens n.a. 105,382
49 Multifamily (five or more)
residential properties n.a. 60,914
50 Nonfarm nonresidential
properties n.a. 466,169
51 Loans to depository
institutions and
acceptances of
other banks 119,079 103,337
52 Commercial banks in the
United States n.a. n.a.
53 Other depository institutions
in the United States n.a. n.a.
54 Banks in foreign countries n.a. n.a.
55 Loans to finance agricultural
production and other
loans to farmers 45,971 45,103
56 Commercial and industrial loans 1,038,110 875,683
57 U.S. addressees (domicile) n.a. n.a.
58 Non-U.S. addressees
(domicile) n.a. n.a.
59 Loans to individuals for
household, family,
and other personal
expenditures (includes
purchased paper) 574,870 532,675
60 Credit cards 200,024 185,256
61 Other revolving credit plans 26,421 24,259
62 Other consumer loans
(including
single-payment,
installment, and all
student loans) 348,425 323,161
63 Obligations (other than
securities) of states
and political
subdivisions in the
United States (includes
nonrated industrial
development
obligations) 21,436 21,303
64 All other loans 129,797 101,955
65 Loans to foreign governments
and official
institutions 5,880 1,958
66 Other loans 123,918 99,997
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 165,977 159,528
70 Trading assets 320,058 n.a.
71 Premises and fixed assets
(including capitalized
leases) 75,090 n.a.
72 Other real estate owned 3,301 n.a.
73 Investments in unconsolidated
subsidiaries and
associated companies 8,992 n.a.
74 Customers' liability on
acceptances outstanding 8,250 n.a.
75 Net due from own foreign
offices, Edge Act and
agreement subsidiaries,
and IBFs n.a. 29,770
76 Intangible assets 100,656 n.a.
77 Goodwill 58,733 n.a.
78 Other intangible assets 41,923 n.a.
79 All other assets 286,759 n.a.
80 Total liabilities, minority
interest, and equity
capital 6,232,042 n.a.
81 Total liabilities 5,688,864 4,943,813
82 Total deposits 4,151,311 3,480,478
83 Individuals, partnerships,
and corporations
(include all certified
and official checks) 3,758,645 3,258,714
84 U.S. government n.a. 10,569
85 States and political
subdivisions in the
United States n.a. 153,163
86 Commercial banks and other
depository institutions
in the United States 110,688 43,261
87 Banks in foreign countries 81,772 7,491
88 Foreign governments and
official institutions
(including foreign
central banks) 35,823 7,280
89 Total transaction accounts n.a. 631,087
90 Individuals, partnerships,
and corporations
(include all certified
and official checks) n.a. 551,353
91 U.S. government n.a. 2,174
92 States and political
subdivisions in the
United States n.a. 42,787
93 Commercial banks and other
depository institutions
in the United States n.a. 28,531
94 Banks in foreign countries n.a. 5,591
95 Foreign governments and
official institutions
(including foreign
central banks) n.a. 651
96 Total demand deposits n.a. 484,580
97 Total nontransaction accounts 2,849,391
98 Individuals, partnerships,
and corporations
(include all certified
and official checks) n.a. 2,707,362
99 U.S. government n.a. 8,395
100 States and political
subdivisions in the
United States n.a. 110,376
101 Commercial banks and other
depository institutions
in the United States n.a. 14,730
102 Banks in foreign countries n.a. 1,900
103 Foreign governments and
official institutions
(including foreign
central banks) n.a. 6,628
104 Federal funds purchased and
securities sold under
agreements to
repurchase 495,733 450,894
105 Trading liabilities 218,150 n.a.
106 Other borrowed money (includes
mortgage indebtedness
and obligations under
capitalized leases) 543,895 501,971
107 Banks' liability on acceptances
executed and
outstanding 8,261 5,983
108 Subordinated notes and
debentures to deposits 89,877 n.a.
109 Net due to own foreign offices,
Edge Act and agreement
subsidiaries, and IBFs n.a. 152,467
110 All other liabilities 181,638 n.a.
111 Minority interest in
consolidated
subsidiaries 7,617 n.a.
112 Total equity capital 535,561 n.a.
MEMO
113 Trading assets at large
banks(2) 320,018 159,954
114 U.S. Treasury securities
(domestic offices) n.a. 18,220
115 U.S. government agency
obligations
(excluding MBS) n.a. 5,945
116 Securities issued by states
and political
subdivisions in the
United States n.a. 1,305
117 Mortgage-backed securities n.a. 11,919
118 Other debt securities n.a. 27,964
119 Other trading assets n.a. 16,563
120 Trading assets in foreign
offices 87,851 0
121 Revaluation gains on interest
rate, foreign exchange
rate, and other
commodity and equity
contracts 150,251 78,039
122 Total individual retirement
(IRA) and Keogh plan
accounts n.a. 160,604
123 Total brokered deposits n.a. 210,320
124 Fully insured brokered
deposits n.a. 156,675
125 Issued in denominations of
less than $100,000 n.a. 74,040
126 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. 82,635
127 Money market deposit accounts
(MMDAs) n.a. 1,055,927
128 Other savings deposits
(excluding MMDAs) n.a. 441,039
129 Total time deposits of less
than $100,000 n.a. 789,553
130 Total time deposits of $100,000
or more n.a. 562,872
131 Number of banks 8,212 8,212
Banks
with
Banks with domestic
foreign offices(1) offices
only
Item Total Domestic Total
1 Total assets 4,240,211 3,495,160 1,991,831
2 Cash and balances due from
depository institutions 275,519 155,785 84,146
3 Cash items in process of
collection, unposted
debits, and currency
and coin 116,775 114,422 n.a.
4 Cash items in process of
collection and unposted
debits n.a. 92,898 n.a.
5 Currency and coin n.a. 21,524 n.a.
6 Balances due from depository
institutions in the
United States 36,786 26,253 n.a.
7 Balances due from banks in
foreign countries and
foreign central banks 110,010 3,243 n.a.
8 Balances due from Federal
Reserve Banks 11,950 11,867 n.a.
9 Total securities,
held-to-maturity
(amortized cost) and
available-for-sale
(fair value) 575,607 n.a. 453,232
10 U.S. Treasury securities 30,460 n.a. 24,205
11 U.S. government agency and
corporation obligations
(excludes
mortgage-backed
securities) 78,512 n.a. 121,529
12 Issued by U.S. government
agencies 3,009 n.a. 2,840
13 Issued by U.S.
government-sponsored
agencies 75,503 n.a. 118,689
14 Securities issued by states
and political
subdivisions in the
United States 33,115 n.a. 60,171
15 Mortgage-backed securities
(MBS) 319,706 n.a. 166,583
16 Pass-through securities 224,451 n.a. 88,595
17 Guaranteed by GNMA 43,786 n.a. 31,748
18 Issued by FNMA and FHLMC 175,634 n.a. 55,530
19 Other pass-through
securities 5,032 n.a. 1,318
20 Other mortgage-backed
securities (includes
CMOs, REMICs,
and stripped MBS) 95,255 n.a. 77,988
21 Issued or guaranteed by
FNMA, FHLMC, or GNMA 64,741 n.a. 45,554
22 Collateralized by MBS
issued or guaranteed by
FNMA, FHLMC, or GNMA 3,181 n.a. 1,441
23 All other mortgage-backed
securities 27,333 n.a. 30,993
24 Asset-backed securities 28,716 n.a. 41,858
25 Credit card receivables 5,713 n.a. 18,232
26 Home equity lines 15,934 n.a. 4,380
27 Automobile loans 2,244 n.a. 11,588
28 Other consumer loans 581 n.a. 477
29 Commercial and industrial
loans 1,715 n.a. 3,476
30 Other 2,529 n.a. 3,705
31 Other debt securities 73,743 n.a. 32,190
32 Other domestic debt
securities 15,743 n.a. 27,490
33 Foreign debt securities 58,000 n.a. 4,700
34 Investments in mutual
funds and other equity
securities with readily
determinable fair value 11,355 n.a. 6,696
35 Federal funds sold and
securities purchased
under agreements
to resell 240,538 167,810 86,073
36 Total loans and leases (gross)
and lease-financing
receivables (net) 2,506,425 2,218,631 1,273,647
37 LESS: Unearned income
on loans 1,444 814 1,260
38 LESS: Loans and leases held
for sale 88,907 n.a. 31,842
39 Total loans and leases (net of
unearned income) 2,416,074 n.a. 1,240,545
40 LESS: Allowance for loan
and lease losses 42,838 n.a. 20,713
41 Loans and leases, net of
unearned income
and allowance 2,373,236 n.a. 1,219,832
Total loans and leases, gross,
by category
42 Loans secured by real estate 970,382 938,243 714,451
43 Construction and land
development n.a. 89,353 83,089
44 Farmland n.a. 6,556 27,713
45 One- to four-family
residential properties n.a. 582,994 335,907
46 Revolving, open-end loans,
extended under lines
of credit n.a. 90,558 39,381
Closed-end loans secured by
one- to four, family
residential properties
47 Secured by first liens n.a. 427,023 256,556
48 Secured by junior liens n.a. 65,413 39,970
49 Multifamily (five or more)
residential properties n.a. 33,372 27,542
50 Nonfarm nonresidential
properties n.a. 225,970 240,200
51 Loans to depository
institutions and
acceptances of
other banks 102,107 86,364 16,973
52 Commercial banks in the
United States 67,760 66,900 n.a.
53 Other depository institutions
in the United States 9,790 9,703 n.a.
54 Banks in foreign countries 24,556 9,762 n.a.
55 Loans to finance agricultural
production and other
loans to farmers 12,283 11,416 33,688
56 Commercial and industrial loans 808,811 646,384 229,298
57 U.S. addressees (domicile) 657,617 636,110 n.a.
58 Non-U.S. addressees
(domicile) 151,195 10,275 n.a.
59 Loans to individuals for
household, family,
and other personal
expenditures (includes
purchased paper) 332,541 290,346 242,329
60 Credit cards 109,604 94,836 90,420
61 Other revolving credit plans 19,588 17,426 6,832
62 Other consumer loans
(including
single-payment,
installment, and all
student loans) 203,349 178,084 145,077
63 Obligations (other than
securities) of states
and political
subdivisions in the
United States (includes
nonrated industrial
development
obligations) 13,849 13,716 7,587
64 All other loans 119,163 91,321 10,635
65 Loans to foreign governments
and official
institutions 5,849 1,928 30
66 Other loans 113,313 89,393 10,604
67 Loans for purchasing and
carrying securities n.a. 16,682 n.a.
68 All other loans (excludes
consumer loans) n.a. 72,711 n.a.
69 Lease-financing receivables 147,290 140,840 18,688
70 Trading assets 318,525 n.a. 1,533
71 Premises and fixed assets
(including capitalized
leases) 45,564 n.a. 29,526
72 Other real estate owned 1,706 n.a. 1,596
73 Investments in unconsolidated
subsidiaries and
associated companies 8,023 n.a. 970
74 Customers' liability on
acceptances outstanding 8,025 n.a. 225
75 Net due from own foreign
offices, Edge Act and
agreement subsidiaries,
and IBFs n.a. 29,770 n.a.
76 Intangible assets 85,179 n.a. 15,477
77 Goodwill 48,601 n.a. 10,132
78 Other intangible assets 36,578 n.a. 5,345
79 All other assets 219,382 n.a. 67,378
80 Total liabilities, minority
interest, and equity
capital 4,240,211 n.a. 1,991,831
81 Total liabilities 3,885,325 3,140,274 1,803,539
82 Total deposits 2,673,013 2,002,180 1,478,298
83 Individuals, partnerships,
and corporations
(include all certified
and official checks) 2,386,900 1,886,969 1,371,745
84 U.S. government n.a. 9,774 795
85 States and political
subdivisions in the
United States n.a. 63,490 89,673
86 Commercial banks and other
depository institutions
in the United States 95,380 27,953 15,309
87 Banks in foreign countries 81,175 6,893 597
88 Foreign governments and
official institutions
(including foreign
central banks) 35,644 7,100 179
89 Total transaction accounts n.a. 346,008 285,079
90 Individuals, partnerships,
and corporations
(include all certified
and official checks) n.a. 298,908 252,444
91 U.S. government n.a. 1,729 445
92 States and political
subdivisions in the
United States n.a. 17,971 24,817
93 Commercial banks and other
depository institutions
in the United States n.a. 21,434 7,098
94 Banks in foreign countries n.a. 5,344 247
95 Foreign governments and
official institutions
(including foreign
central banks) n.a. 622 29
96 Total demand deposits n.a. 304,057 180,523
97 Total nontransaction accounts n.a. 1,656,172 1,193,219
98 Individuals, partnerships,
and corporations
(include all certified
and official checks) n.a. 1,588,061 1,119,301
99 U.S. government n.a. 8,045 350
100 States and political
subdivisions in the
United States n.a. 45,519 64,856
101 Commercial banks and other
depository institutions
in the United States n.a. 6,519 8,211
102 Banks in foreign countries n.a. 1,550 350
103 Foreign governments and
official institutions
(including foreign
central banks) n.a. 6,478 150
104 Federal funds purchased and
securities sold under
agreements to
repurchase 401,003 356,165 94,730
105 Trading liabilities 217,612 n.a. 538
106 Other borrowed money (includes
mortgage indebtedness
and obligations under
capitalized leases) 359,814 317,890 184,081
107 Banks' liability on acceptances
executed and
outstanding 8,036 5,758 225
108 Subordinated notes and
debentures to deposits 82,127 n.a. 7,750
109 Net due to own foreign offices,
Edge Act and agreement
subsidiaries, and IBFs n.a. 152,467 n.a.
110 All other liabilities 143,720 n.a. 37,918
111 Minority interest in
consolidated
subsidiaries 6,926 n.a. 691
112 Total equity capital 347,960 n.a. 187,601
MEMO
113 Trading assets at large
banks(2) 318,524 158,461 1,494
114 U.S. Treasury securities
(domestic offices) n.a. 18,201 18
115 U.S. government agency
obligations
(excluding MBS) n.a. 5,532 413
116 Securities issued by states
and political
subdivisions in the
United States n.a. 1,071 234
117 Mortgage-backed securities n.a. 11,539 380
118 Other debt securities n.a. 27,941 23
119 Other trading assets n.a. 16,452 111
120 Trading assets in foreign
offices 87,851 0 0
121 Revaluation gains on interest
rate, foreign exchange
rate, and other
commodity and equity
contracts 149,937 77,725 314
122 Total individual retirement
(IRA) and Keogh plan
accounts n.a. 78,711 81,893
123 Total brokered deposits n.a. 94,707 115,613
124 Fully insured brokered
deposits n.a. 63,663 93,012
125 Issued in denominations of
less than $100,000 n.a. 18,302 55,738
126 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. 45,361 37,274
127 Money market deposit accounts
(MMDAs) n.a. 695,872 360,056
128 Other savings deposits
(excluding MMDAs) n.a. 276,576 164,462
129 Total time deposits of less
than $100,000 n.a. 367,125 422,428
130 Total time deposits of $100,000
or more n.a. 316,599 246,273
131 Number of banks 145 n.a. 8,067
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.-affiliated
insular areas; subsidiaries in foreign countries; all offices of Edge
Act and agreement corporations wherever located; and international
banking facility (IBF).
(2.) Components of "Trading Assets at Large Banks" are reported only
by banks that reported trading assets of $2 million or more any quarter
of the preceding calendar year.
4.23 TERMS OF LENDING AT COMMERCIAL BANKS Survey of Loans Made,
May 7-11, 2001
A. Commercial and industrial loans made by all commercial banks(1)
Weighted-
average Amount of Average
Item effective loans loan size
loan rate (millions (thousands
(percent)(2) of dollars) of dollars)
LOAN RISK(5)
1 All commercial and 6.22 91,790 575
industrial
loans
2 Minimal risk 6.01 5,138 535
3 Low risk 5.44 19,963 1,306
4 Moderate risk 6.38 26,568 490
5 Other 6.82 18,113 415
By maturity/
repricing
interval(6)
6 Zero interval 6.86 23,505 430
7 Minimal risk 6.96 269 282
8 Low risk 7.12 2,016 479
9 Moderate risk 7.39 4,701 215
10 Other 8.19 3,242 157
11 Daily 5.94 31,780 705
12 Minimal risk 6.31 2,938 558
13 Low risk 5.18 9,048 4,025
14 Moderate risk 6.06 8,268 726
15 Other 6.35 7,032 708
16 2 to 30 days 5.80 14,172 845
17 Minimal risk 5.20 853 1,581
18 Low risk 5.09 3,485 1,109
19 Moderate risk 5.76 4,336 999
20 Other 6.70 3,445 662
21 31 to 365 days 5.90 16,512 614
22 Minimal risk 5.24 888 445
23 Low risk 5.44 4,215 1,119
24 Moderate risk 5.77 5,735 561
25 Other 6.47 3,882 890
26 More than 365 days 7.61 4,323 325
27 Minimal risk 7.23 190 224
28 Low risk 6.97 390 214
29 Moderate risk 7.62 3,284 632
30 Other 8.30 274 120
Weighted-
average
risk
rating(5)
SIZE OF LOAN
(thousands of
dollars)
31 1-99 8.38 2,840 3.2
32 100-999 7.59 10,358 3.2
33 1,000-9,999 6.28 28,753 3.0
34 10,000 or more 5.79 49,840 2.8
BASE RATE OF LOAN(4)
35 Prime(7) 7.91 24,142 3.0
36 Fed funds 5.20 19,565 2.8
37 Other domestic 5.50 10,396 2.5
38 Foreign 5.67 22,571 2.8
39 Other 6.19 15,118 3.3
B. Commercial and industrial loans made by all domestic banks(1)
LOAN RISK(5)
1 All commercial and
industrial
loans 6.61 58,759 387
2 Minimal risk 6.92 2,466 262
3 Low risk 5.63 13,533 933
4 Moderate risk 6.69 19,535 374
5 Other 7.28 10,056 245
By maturity/
repricing
interval(6)
6 Zero interval 7.24 17,862 344
7 Minimal risk 6.92 252 268
8 Low risk 7.13 1,991 486
9 Moderate risk 7.37 4,490 208
10 Other 8.01 2,698 136
11 Daily 6.30 17,512 403
12 Minimal risk 7.64 1,248 240
13 Low risk 5.23 5,380 2,639
14 Moderate risk 6.40 5,460 504
15 Other 6.88 3,350 354
16 2 to 30 days 6.01 8,389 547
17 Minimal risk 5.23 474 1,023
18 Low risk 5.31 2,052 704
19 Moderate risk 5.90 2,675 695
20 Other 6.96 1,961 415
21 31 to 365 days 6.23 9,483 378
22 Minimal risk 6.36 301 154
23 Low risk 5.61 2,908 824
24 Moderate risk 6.01 3,385 350
25 Other 7.13 1,652 468
26 More than 365 days 7.61 4,323 325
27 Minimal risk 7.23 190 224
28 Low risk 6.97 390 214
29 Moderate risk 7.62 3,284 632
30 Other 8.30 274 120
Weighted-
average
risk
rating(5)
SIZE OF LOAN
(thousands of
dollars)
31 1-99 8.40 2,787 3.1
32 100-999 7.73 9,294 3.1
33 1,000-9,999 6.61 18,986 3.0
34 10,000 or more 6.06 27,691 2.7
BASE RATE OF LOAN(4)
35 Prime(7) 7.90 21,794 3.0
36 Fed funds 5.18 6,244 3.0
37 Other domestic 5.45 7,166 2.5
38 Foreign 5.96 12,145 2.8
39 Other 6.35 11,409 3.0
C. Commercial and industrial loans made by large domestic banks(1)
LOAN RISK(5)
1 All commercial and
industrial
loans 6.46 52,177 655
2 Minimal risk 6.77 2,006 352
3 Low risk 5.48 12,543 2,018
4 Moderate risk 6.53 17,519 712
5 Other 7.14 8,516 381
By maturity/
repricing
interval(6)
6 Zero interval 7.15 15,112 636
7 Minimal risk 5.71 77 297
8 Low risk 7.15 1,563 1,554
9 Moderate risk 7.21 3,683 342
10 Other 7.96 1,891 222
11 Daily 6.22 16,760 447
12 Minimal risk 7.64 1,243 255
13 Low risk 5.16 5,233 4,137
14 Moderate risk 6.28 5,134 601
15 Other 6.82 3,253 364
16 2 to 30 days 5.96 7,591 745
17 Minimal risk 4.75 379 2,552
18 Low risk 5.27 1,973 794
19 Moderate risk 5.83 2,536 1,099
20 Other 6.96 1,723 698
21 31 to 365 days 5.93 8,287 2,031
22 Minimal risk 5.67 192 1,016
23 Low risk 5.49 2,789 2,895
24 Moderate risk 5.77 3,127 2,049
25 Other 6.96 1,420 1,588
26 More than 365 days 7.38 3,279 1,474
27 Minimal risk 6.48 113 517
28 Low risk 5.45 176 439
29 Moderate risk 7.53 2,825 3,831
30 Other 7.72 119 230
Weighted-
average
risk
rating(5)
SIZE OF LOAN
(thousands of
dollars)
31 1-99 8.05 1,463 3.2
32 100-999 7.56 6,372 3.2
33 1,000-9,999 6.56 17,094 3.0
34 10,000 or more 6.05 27,246 2.7
BASE RATE OF LOAN(4)
35 Prime(7) 7.81 17,850 3.0
36 Fed funds 5.15 6,141 3.0
37 Other domestic 5.42 7,069 2.5
38 Foreign 5.97 11,355 2.8
39 Other 6.12 9,761 3.0
D. Commercial and industrial loans made by small domestic banks(1)
LOAN RISK(5)
1 All commercial and
industrial
loans 7.82 6,582 91
2 Minimal risk 7.56 460 125
3 Low risk 7.49 990 119
4 Moderate risk 8.16 2,016 73
5 Other 8.06 1,540 83
By maturity/
repricing
interval(6)
6 Zero interval 7.73 2,750 98
7 Minimal risk 7.44 175 257
8 Low risk 7.06 429 139
9 Moderate risk 8.10 806 75
10 Other 8.13 807 71
11 Daily 8.12 752 125
12 Minimal risk 7.30 5 16
13 Low risk 7.68 148 191
14 Moderate risk 8.17 327 143
15 Other 8.88 98 188
16 2 to 30 days 6.53 799 156
17 Minimal risk 7.16 95 301
18 Low risk 6.09 79 184
19 Moderate risk 7.15 138 90
20 Other 6.95 238 105
21 31 to 365 days 8.29 1,196 57
22 Minimal risk 7.57 109 62
23 Low risk 8.37 119 46
24 Moderate risk 8.82 258 32
25 Other 8.20 232 88
26 More than 365 days 8.31 1,043 94
27 Minimal risk 8.35 76 122
28 Low risk 8.23 214 150
29 Moderate risk 8.19 459 103
30 Other 8.74 155 88
Weighted-
average
risk
rating(5)
SIZE OF LOAN
(thousands of
dollars)
31 1-99 8.80 1,324 3.1
32 100-999 8.11 2,922 3.0
33 1,000-9,999 7.05 1,892 2.7
34 10,000 or more 6.36 444 3.4
BASE RATE OF LOAN(4)
35 Prime(7) 8.28 3,944 3.0
36 Fed funds 7.16 103 3.0
37 Other domestic 8.16 97 1.9
38 Foreign 5.82 790 3.2
39 Other 7.72 1,648 3.0
E. Commercial and industrial loans made by U.S. branches and agencies
of foreign banks(1)
LOAN RISK(5)
1 All commercial and
industrial
loans 5.53 33,031 4,226
2 Minimal risk 5.17 2,672 13,100
3 Low risk 5.03 6,431 8,261
4 Moderate risk 5.53 7,032 3,604
5 Other 6.23 8,057 3,029
By maturity/
repricing
interval(6)
6 Zero interval 5.67 5,643 2,050
7 Minimal risk * * *
8 Low risk 6.31 24 227
9 Moderate risk 7.80 212 639
10 Other 9.07 544 741
11 Daily 5.49 14,268 9,175
12 Minimal risk 5.32 1,690 23,676
13 Low risk 5.11 3,667 17,543
14 Moderate risk 5.42 2,808 5,052
15 Other 5.86 3,681 7,764
16 2 to 30 days 5.48 5,782 4,007
17 Minimal risk 5.17 379 4,955
18 Low risk 4.78 1,433 6,291
19 Moderate risk 5.54 1,661 3,394
20 Other 6.36 1,484 3,119
21 31 to 365 days 5.46 7,029 3,894
22 Minimal risk * * *
23 Low risk 5.06 1,306 5,570
24 Moderate risk 5.44 2,351 4,166
25 Other 5.98 2,230 2,678
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 7.17 52 3.7
32 100-999 6.35 1,063 3.6
33 1,000-9,999 5.63 9,766 3.1
34 10,000 or more 5.45 22,149 2.8
BASE RATE OF LOAN(4)
35 Prime(7) 8.02 2,347 3.4
36 Fed funds 5.20 13,320 2.7
37 Other domestic 5.59 3,230 2.0
38 Foreign 5.33 10,426 2.8
39 Other 5.67 3,708 4.8
A. Commercial and industrial loans made by all commercial banks(1)
Amount of loans
(percent)
Weighted-
average Secured by
Item maturity(3) collateral Callable
Days
LOAN RISK(5)
1 All commercial and 378 40.6 8.7
industrial
loans
2 Minimal risk 362 39.8 8.8
3 Low risk 300 19.9 12.4
4 Moderate risk 587 42.9 8.9
5 Other 263 44.2 9.9
By maturity/
repricing
interval(6)
6 Zero interval 387 60.7 7.1
7 Minimal risk 242 70.7 22.9
8 Low risk 647 32.2 12.3
9 Moderate risk 465 48.6 19.1
10 Other 512 63.9 12.4
11 Daily 225 28.1 10.2
12 Minimal risk 227 47.5 9.9
13 Low risk 155 9.8 7.0
14 Moderate risk 417 30.0 11.9
15 Other 131 42.2 12.3
16 2 to 30 days 192 29.3 6.2
17 Minimal risk 124 7.5 6.0
18 Low risk 249 21.5 9.6
19 Moderate risk 234 33.0 4.6
20 Other 127 37.3 6.1
21 31 to 365 days 415 29.5 3.5
22 Minimal risk 723 23.3 5.1
23 Low risk 385 15.3 7.6
24 Moderate risk 386 38.2 1.3
25 Other 366 31.5 2.4
Months
26 More than 365 days 61 85.2 5.2
27 Minimal risk 60 100.0 .8
28 Low risk 49 62.3 36.7
29 Moderate risk 64 87.0 1.3
30 Other 52 85.0 7.5
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of
dollars)
31 1-99 147 84.3 25.2
32 100-999 148 74.7 17.1
33 1,000-9,999 41 39.8 8.8
34 10,000 or more 120 31.5 5.9
BASE RATE OF LOAN(4)
35 Prime(7) 238 68.8 15.5
36 Fed funds 20 26.9 9.5
37 Other domestic 15 8.8 11.7
38 Foreign 36 30.1 2.7
39 Other 132 50.8 3.5
B. Commercial and industrial loans made by all domestic banks(1)
LOAN RISK(5)
1 All commercial and
industrial
loans 568 47.4 10.2
2 Minimal risk 528 74.8 10.1
3 Low risk 444 24.8 16.2
4 Moderate risk 782 51.4 10.2
5 Other 437 60.4 9.5
By maturity/
repricing
interval(6)
6 Zero interval 489 52.1 9.1
7 Minimal risk 243 74.9 24.4
8 Low risk 653 32.3 12.2
9 Moderate risk 466 50.2 19.8
10 Other 500 74.0 14.1
11 Daily 413 40.5 11.3
12 Minimal risk 506 95.8 7.1
13 Low risk 259 16.4 9.2
14 Moderate risk 627 43.5 12.8
15 Other 283 43.7 8.2
16 2 to 30 days 309 35.5 7.4
17 Minimal risk 212 13.4 10.8
18 Low risk 407 21.9 11.5
19 Moderate risk 360 32.3 4.4
20 Other 202 62.2 6.8
21 31 to 365 days 615 39.4 5.2
22 Minimal risk 500 68.7 15.1
23 Low risk 532 11.7 9.5
24 Moderate risk 608 45.8 2.1
25 Other 717 64.0 3.5
Months
26 More than 365 days 61 85.2 5.2
27 Minimal risk 60 100.0 .8
28 Low risk 49 62.3 36.7
29 Moderate risk 64 87.0 1.3
30 Other 52 85.0 7.5
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of
dollars)
31 1-99 149 84.6 25.3
32 100-999 162 77.4 17.4
33 1,000-9,999 52 45.1 8.7
34 10,000 or more 204 35.2 7.4
BASE RATE OF LOAN(4)
35 Prime(7) 259 72.7 12.4
36 Fed funds 54 35.5 18.8
37 Other domestic 16 12.1 16.9
38 Foreign 33 38.0 3.5
39 Other 176 37.9 4.4
C. Commercial and industrial loans made by large domestic banks(1)
LOAN RISK(5)
1 All commercial and
industrial
loans 558 44.1 9.0
2 Minimal risk 471 75.9 7.2
3 Low risk 423 22.1 16.0
4 Moderate risk 760 47.3 8.5
5 Other 422 56.6 6.9
By maturity/
repricing
interval(6)
6 Zero interval 516 47.8 5.8
7 Minimal risk 325 62.7 26.0
8 Low risk 730 27.8 10.4
9 Moderate risk 480 42.3 14.6
10 Other 531 72.1 7.8
11 Daily 403 38.6 11.1
12 Minimal risk 507 95.8 7.1
13 Low risk 258 15.3 8.7
14 Moderate risk 605 40.2 12.7
15 Other 275 42.2 8.4
16 2 to 30 days 317 34.1 6.7
17 Minimal risk 99 5.5 6.3
18 Low risk 402 22.0 11.8
19 Moderate risk 369 30.1 4.4
20 Other 204 59.6 3.5
21 31 to 365 days 661 36.2 4.2
22 Minimal risk 667 77.5 5.6
23 Low risk 532 9.2 9.7
24 Moderate risk 625 43.3 1.6
25 Other 775 61.7 1.3
Months
26 More than 365 days 58 82.2 2.9
27 Minimal risk 35 100.0 *
28 Low risk 35 25.8 48.9
29 Moderate risk 61 85.7 .2
30 Other 51 71.8 2.8
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of
dollars)
31 1-99 49 86.2 26.0
32 100-999 48 74.5 15.2
33 1,000-9,999 43 43.9 8.2
34 10,000 or more 204 34.8 7.2
BASE RATE OF LOAN(4)
35 Prime(7) 283 70.7 9.6
36 Fed funds 20 34.7 18.9
37 Other domestic 6 11.5 16.5
38 Foreign 33 38.1 3.3
39 Other 99 31.8 3.0
D. Commercial and industrial loans made by small domestic banks(1)
LOAN RISK(5)
1 All commercial and
industrial
loans 652 74.0 19.6
2 Minimal risk 775 70.1 22.9
3 Low risk 710 59.1 18.2
4 Moderate risk 986 87.5 24.4
5 Other 518 81.7 23.8
By maturity/
repricing
interval(6)
6 Zero interval 329 75.9 27.1
7 Minimal risk 212 80.3 23.7
8 Low risk 313 48.6 18.7
9 Moderate risk 396 86.5 43.1
10 Other 430 78.6 28.6
11 Daily 638 84.2 17.6
12 Minimal risk 306 100.0 13.4
13 Low risk 272 54.2 24.4
14 Moderate risk 1,003 94.5 15.3
15 Other 532 95.0 1.9
16 2 to 30 days 238 48.9 14.1
17 Minimal risk 663 45.4 28.7
18 Low risk 521 19.5 1.7
19 Moderate risk 202 71.9 5.3
20 Other 191 81.0 31.2
21 31 to 365 days 295 61.3 11.6
22 Minimal risk 217 53.0 32.0
23 Low risk 533 68.8 4.1
24 Moderate risk 393 76.1 8.0
25 Other 334 77.8 17.0
Months
26 More than 365 days 70 94.9 12.5
27 Minimal risk 96 100.0 1.9
28 Low risk 60 92.5 26.6
29 Moderate risk 80 95.3 8.3
30 Other 54 95.1 11.0
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of
dollars)
31 1-99 257 82.8 24.4
32 100-999 409 83.9 22.2
33 1,000-9,999 135 56.4 13.0
34 10,000 or more 209 57.8 16.4
BASE RATE OF LOAN(4)
35 Prime(7) 147 81.8 24.7
36 Fed funds 1,782 81.2 13.2
37 Other domestic 726 57.2 46.9
38 Foreign 29 36.6 5.2
39 Other 620 73.9 13.1
E. Commercial and industrial loans made by U.S. branches and agencies
of foreign banks(1)
LOAN RISK(5)
1 All commercial and
industrial
loans 41 28.5 5.9
2 Minimal risk 202 7.6 7.5
3 Low risk 19 9.5 4.6
4 Moderate risk 29 19.1 5.3
5 Other 43 23.9 10.5
By maturity/
repricing
interval(6)
6 Zero interval 41 87.8 1.1
7 Minimal risk * * *
8 Low risk 94 24.7 15.7
9 Moderate risk 200 13.5 4.3
10 Other 748 13.6 4.5
11 Daily 2 12.8 8.8
12 Minimal risk 1 11.9 11.9
13 Low risk 2 * 3.9
14 Moderate risk 1 3.7 10.0
15 Other 2 40.8 16.1
16 2 to 30 days 23 20.3 4.5
17 Minimal risk 15 * *
18 Low risk 28 20.8 7.1
19 Moderate risk 19 34.1 5.0
20 Other 32 4.5 5.0
21 31 to 365 days 137 16.2 1.2
22 Minimal risk * * *
23 Low risk 58 23.5 3.5
24 Moderate risk 65 27.3 .0
25 Other 84 7.4 1.6
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 7 67.8 22.0
32 100-999 20 51.1 14.4
33 1,000-9,999 20 29.5 8.9
34 10,000 or more 17 26.8 4.1
BASE RATE OF LOAN(4)
35 Prime(7) 18 33.1 44.5
36 Fed funds 7 22.8 5.1
37 Other domestic 13 1.3 *
38 Foreign 39 20.9 1.8
39 Other 2 90.7 .7
A. Commercial and industrial loans made by all commercial banks(1)
Amount of loans
(percent)
Most
Subject to common
Item prepayment Made under base
penalty commitment pricing
rate(4)
LOAN RISK(5)
1 All commercial and 29.9 70.0 Prime
industrial
loans
2 Minimal risk 17.3 71.5 Prime
3 Low risk 50.9 74.3 Fed funds
4 Moderate risk 32.6 81.4 Prime
5 Other 22.9 74.2 Prime
By maturity/
repricing
interval(6)
6 Zero interval 4.0 65.7 Prime
7 Minimal risk 17.1 93.9 Prime
8 Low risk 19.8 90.9 Prime
9 Moderate risk 7.3 94.7 Prime
10 Other 4.6 89.9 Prime
11 Daily 43.3 66.6 Fed funds
12 Minimal risk 15.5 63.8 Prime
13 Low risk 66.4 70.8 Fed funds
14 Moderate risk 44.7 88.7 Fed funds
15 Other 17.0 50.4 Fed funds
16 2 to 30 days 38.0 85.0 Foreign
17 Minimal risk 33.3 96.9 Foreign
18 Low risk 45.8 80.4 Foreign
19 Moderate risk 43.8 92.7 Foreign
20 Other 27.2 88.7 Foreign
21 31 to 365 days 43.5 82.6 Foreign
22 Minimal risk 9.9 63.3 Foreign
23 Low risk 50.6 83.6 Foreign
24 Moderate risk 45.4 87.1 Foreign
25 Other 47.1 90.3 Foreign
26 More than 365 days 4.8 29.7 Prime
27 Minimal risk 8.8 84.8 Other
28 Low risk 8.6 59.0 Other
29 Moderate risk 3.4 18.9 Prime
30 Other 13.5 67.5 Other
SIZE OF LOAN
(thousands of
dollars)
31 1-99 3.2 81.8 Prime
32 100-999 8.3 83.4 Prime
33 1,000-9,999 25.6 76.1 Foreign
34 10,000 or more 38.5 62.9 Fed funds
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 2.1 67.9 224
36 Fed funds 25.3 52.6 6,634
37 Other domestic 79.6 65.7 3,259
38 Foreign 52.9 84.9 2,224
39 Other 12.0 76.2 425
B. Commercial and industrial loans made by all domestic banks(1)
LOAN RISK(5)
1 All commercial and
industrial
loans 23.2 74.2 Prime
2 Minimal risk 13.1 92.6 Prime
3 Low risk 51.6 87.1 Domestic
4 Moderate risk 26.0 80.7 Prime
5 Other 12.3 83.6 Prime
By maturity/
repricing
interval(6)
6 Zero interval 5.1 55.9 Prime
7 Minimal risk 18.2 93.5 Prime
8 Low risk 19.3 90.9 Prime
9 Moderate risk 7.5 94.4 Prime
10 Other 5.2 88.2 Prime
11 Daily 40.7 91.1 Prime
12 Minimal risk .0 97.5 Prime
13 Low risk 77.3 96.6 Domestic
14 Moderate risk 50.3 94.6 Domestic
15 Other 6.0 71.7 Fed funds
16 2 to 30 days 22.9 93.4 Other
17 Minimal risk 53.4 94.4 Domestic
18 Low risk 42.0 94.9 Foreign
19 Moderate risk 21.5 96.7 Other
20 Other 11.7 89.9 Other
21 31 to 365 days 36.9 86.4 Foreign
22 Minimal risk 2.3 73.5 Prime
23 Low risk 53.3 88.0 Foreign
24 Moderate risk 38.7 86.5 Foreign
25 Other 38.1 94.3 Foreign
26 More than 365 days 4.8 29.7 Prime
27 Minimal risk 8.8 84.8 Other
28 Low risk 8.6 59.0 Other
29 Moderate risk 3.4 18.9 Prime
30 Other 13.5 67.5 Other
SIZE OF LOAN
(thousands of
dollars)
31 1-99 3.0 81.7 Prime
32 100-999 5.1 82.8 Prime
33 1,000-9,999 18.0 75.2 Prime
34 10,000 or more 35.0 70.0 Prime
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 1.6 65.6 207
36 Fed funds 34.6 60.0 4,545
37 Other domestic 70.4 95.3 2,561
38 Foreign 36.0 75.4 1,526
39 Other 15.2 84.2 335
C. Commercial and industrial loans made by large domestic banks(1)
LOAN RISK(5)
1 All commercial and
industrial
loans 25.6 73.4 Prime
2 Minimal risk 14.0 95.0 Prime
3 Low risk 55.3 88.0 Domestic
4 Moderate risk 28.0 80.6 Prime
5 Other 13.9 83.7 Prime
By maturity/
repricing
interval(6)
6 Zero interval 5.3 50.2 Prime
7 Minimal risk 45.3 96.6 Foreign
8 Low risk 23.3 95.3 Prime
9 Moderate risk 7.9 96.2 Prime
10 Other 5.3 89.3 Prime
11 Daily 42.4 91.0 Prime
12 Minimal risk * 97.5 Prime
13 Low risk 79.4 96.6 Domestic
14 Moderate risk 53.2 94.7 Domestic
15 Other 6.1 70.9 Fed funds
16 2 to 30 days 24.9 93.3 Other
17 Minimal risk 58.9 93.7 Domestic
18 Low risk 43.6 95.2 Foreign
19 Moderate risk 22.7 96.7 Other
20 Other 13.3 90.0 Other
21 31 to 365 days 42.1 88.9 Foreign
22 Minimal risk 2.8 77.9 Prime
23 Low risk 55.5 89.3 Foreign
24 Moderate risk 41.8 87.5 Foreign
25 Other 44.2 96.9 Foreign
26 More than 365 days 1.8 19.8 Prime
27 Minimal risk 14.7 99.3 Other
28 Low risk 2.6 49.2 Fed funds
29 Moderate risk .0 11.0 Prime
30 Other 26.8 86.3 Other
SIZE OF LOAN
(thousands of
dollars)
31 1-99 1.9 89.0 Prime
32 100-999 3.8 86.0 Prime
33 1,000-9,999 19.8 73.6 Prime
34 10,000 or more 35.5 69.5 Prime
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 1.1 61.1 291
36 Fed funds 34.4 59.4 6,656
37 Other domestic 71.3 95.5 5,143
38 Foreign 38.4 73.7 1,731
39 Other 16.7 88.5 1,037
D. Commercial and industrial loans made by small domestic banks(1)
LOAN RISK(5)
1 All commercial and
industrial
loans 5.0 80.8 Prime
2 Minimal risk 9.3 82.1 Prime
3 Low risk 5.6 75.6 Prime
4 Moderate risk 8.7 81.3 Prime
5 Other 3.4 82.8 Prime
By maturity/
repricing
interval(6)
6 Zero interval 4.2 86.9 Prime
7 Minimal risk 6.4 92.2 Prime
8 Low risk 4.7 75.1 Prime
9 Moderate risk 5.5 86.3 Prime
10 Other 5.0 85.8 Prime
11 Daily 3.1 92.0 Prime
12 Minimal risk 2.1 89.7 Other
13 Low risk 1.5 97.0 Prime
14 Moderate risk 5.2 92.3 Prime
15 Other 3.6 98.1 Prime
16 2 to 30 days 4.0 94.7 Foreign
17 Minimal risk 31.7 97.2 Prime
18 Low risk 1.4 86.5 Other
19 Moderate risk .4 97.6 Prime
20 Other .3 89.4 Other
21 31 to 365 days .6 69.2 Other
22 Minimal risk 1.4 65.7 Other
23 Low risk 2.9 58.6 Prime
24 Moderate risk .2 75.4 Other
25 Other .9 78.4 Other
26 More than 365 days 14.2 61.0 Other
27 Minimal risk * 63.4 Prime
28 Low risk 13.5 67.1 Other
29 Moderate risk 24.4 67.5 Other
30 Other 3.4 53.2 Other
SIZE OF LOAN
(thousands of
dollars)
31 1-99 4.2 73.7 Prime
32 100-999 7.8 75.6 Prime
33 1,000-9,999 2.4 89.3 Prime
34 10,000 or more * 100.0 Prime
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 4.2 86.0 89
36 Fed funds 46.6 97.1 228
37 Other domestic 1.6 81.5 68
38 Foreign 1.9 98.9 566
39 Other 5.9 58.6 67
E. Commercial and industrial loans made by U.S. branches and agencies
of foreign banks(1)
LOAN RISK(5)
1 All commercial and
industrial
loans 41.8 62.3 Fed funds
2 Minimal risk 21.2 52.1 Fed funds
3 Low risk 49.5 47.4 Fed funds
4 Moderate risk 50.8 83.6 Foreign
5 Other 36.1 62.5 Fed funds
By maturity/
repricing
interval(6)
6 Zero interval .5 96.6 Fed funds
7 Minimal risk * * *
8 Low risk 62.4 90.9 Foreign
9 Moderate risk 2.9 99.3 Prime
10 Other 1.5 98.4 Prime
11 Daily 46.5 36.5 Fed funds
12 Minimal risk 27.0 38.9 Fed funds
13 Low risk 50.5 32.9 Fed funds
14 Moderate risk 33.8 77.3 Fed funds
15 Other 27.0 31.1 Fed funds
16 2 to 30 days 60.0 72.8 Foreign
17 Minimal risk 8.1 100.0 Foreign
18 Low risk 51.3 59.6 Foreign
19 Moderate risk 79.7 86.3 Foreign
20 Other 47.7 87.0 Foreign
21 31 to 365 days 52.4 77.4 Foreign
22 Minimal risk * * *
23 Low risk 44.4 73.9 Foreign
24 Moderate risk 55.1 87.9 Foreign
25 Other 53.7 87.4 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 14.8 88.0 Prime
32 100-999 36.4 89.1 Foreign
33 1,000-9,999 40.2 77.9 Foreign
34 10,000 or more 42.9 54.1 Fed funds
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 6.6 89.6 1,088
36 Fed funds 20.9 49.1 8,455
37 Other domestic 100.0 .1 8,226
38 Foreign 72.6 96.0 4,755
39 Other 2.2 51.8 2,474
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 $7.0 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 7.55 percent for all banks; 7.54 percent for large domestic
banks, 7.63 percent for small domestic banks; and 7.50 percent for
U.S. branches and agencies of foreign banks.
4.30 ASSETS AND LIABILITIES of U.S. Branches and Agencies of Foreign
Banks, March 31, 2001(1)
Millions of dollars except as noted
All states(2) New York
Item Total Total
including IBFs including IBFs
IBFs(3) only(3) IBFs only
1 Total assets(4) 1,016,396 193,606 861,083 166,776
2 Claims on nonrelated
parties 798,218 77,433 666,120 68,788
3 Cash and balances due
from depository
institutions 69,417 32,333 65,260 29,401
4 Cash items in process
of collection and
unposted debits 1,612 0 1,537 0
5 Currency and coin
(U.S. and
foreign) 13 n.a. 9 n.a.
6 Balances with
depository
institutions in
United States 46,847 13,889 44,849 12,908
7 U.S. branches and
agencies of other
foreign banks
(including IBFs) 40,097 13,034 38,740 12,390
8 Other depository
institutions in
United States
(including IBFs) 6,750 854 6,109 519
9 Balances with banks
in foreign
countries and
with foreign
central banks 20,478 18,444 18,509 16,493
10 Foreign branches of
U.S. banks 318 191 316 191
11 Banks in home
country and home-
country central
banks 5,594 5,328 5,586 5,320
12 All other banks in
foreign countries
and foreign
central banks 14,566 12,925 12,607 10,982
13 Balances with Federal
Reserve Banks 467 n.a. 355 n.a.
14 Total securities and
loans 450,399 36,478 362,510 31,094
15 Total securities, book
value 106,655 3,869 98,500 3,386
16 U.S. Treasury 10,770 n.a. 10,210 n.a.
17 Obligations of U.S.
government
agencies and
corporations 46,175 n.a. 44,052 n.a.
18 Other bonds, notes,
debentures, and
corporate stock
(including state
and local
securities) 49,710 3,869 44,239 3,386
19 Securities of
foreign
governmental
units 9,441 1,784 9,234 1,720
20 All Other 40,270 2,085 35,005 1,665
21 Federal funds sold and
securities
purchased under
agreements to
resell 125,886 6,480 123,869 6,314
22 U.S. branches and
agencies of other
foreign banks 11,286 3,189 11,039 3,128
23 Commercial banks in
United States 15,903 11 15,429 10
24 Other 98,697 3,280 97,401 3,176
25 Total loans, gross 344,099 32,650 264,292 27,747
26 LESS: Unearned income
on loans 354 41 282 39
27 EQUALS: Loans, net 343,744 32,609 264,010 27,709
Total loans, gross, by
category
28 Real estate loans 16,966 52 12,417 52
29 Loans to depository
institutions 26,454 15,330 20,732 12,180
30 Commercial banks in
United States
(including IBFs) 7,130 2,208 5,436 1,739
31 U.S. branches and
agencies of other
foreign banks 4,116 1,997 2,771 1,529
32 Other commercial
banks in United
States 3,014 211 2,665 210
33 Other depository
institutions in
United States
(including IBFs) 14 0 0 0
34 Banks in foreign
countries 19,310 13,123 15,296 10,441
35 Foreign branches of
U.S. banks 320 271 273 231
36 Other banks in
foreign countries 18,990 12,852 15,023 10,210
37 Loans to other
financial
institutions 49,066 1,570 39,714 1,408
38 Commercial and
industrial loans 225,057 13,447 168,296 11,989
39 U.S. addressees
(domicile) 185,407 30 138,970 30
40 Non-U.S. addressees
(domicile) 39,650 13,417 29,326 11,959
41 Acceptances of other
banks 606 18 147 18
42 U.S. banks 8 0 3 0
43 Foreign banks 599 18 144 18
44 Loans to foreign
governments and
official
institutions
(including
foreign central
banks) 3,820 2,151 3,186 2,036
45 Loans for purchasing or
carrying
securities
(secured and
unsecured) 13,956 0 13,298 0
46 All other loans 7,557 81 6,235 64
47 Lease financing
receivables (net
of unearned
income) 616 0 268 0
48 U.S. addressees
(domicile) 616 0 268 0
49 Non-U.S. addressees
(domicile) 0 0 0 0
50 Trading assets 116,623 666 82,128 665
51 All other assets 35,892 1,476 32,352 1,314
52 Customers'
liabilities on
acceptances
outstanding 1,314 n.a. 975 n.a.
53 U.S. addressees
(domicile) 552 n.a. 474 n.a.
54 Non-U.S. addressees
(domicile) 761 n.a. 501 n.a.
55 Other assets
including other
claims on
nonrelated
parties 34,579 1,476 31,377 1,314
56 Net due from related
depository
institutions(5) 218,178 116,173 194,963 97,988
57 Net due from head
office and other
related
depository
institutions(5) 218,178 n.a. 194,963 n.a.
58 Net due from
establishing
entity, head
office, and other
related
depository
institutions(5) n.a. 116,173 n.a. 97,988
59 Total liabilities(4) 1,016,396 193,606 861,083 166,776
60 Liabilities to
nonrelated
parties 901,292 175,584 785,729 150,468
61 Total deposits and
credit balances 395,882 130,842 339,069 118,356
62 Individuals,
partnerships, and
corporations 302,025 11,250 253,143 6,006
63 U.S. addressees
(domicile) 285,675 1 242,669 0
64 Non-U.S. addressees
(domicile) 16,350 11,249 10,473 6,006
65 Commercial banks in
United States
(including IBFs) 45,673 13,212 41,160 12,934
66 U.S. branches and
agencies of
other foreign
banks 21,576 11,715 19,217 11,484
67 Other commercial
banks in United
States 24,097 1,497 21,942 1,450
68 Banks in foreign
countries 11,339 80,500 11,093 78,391
69 Foreign branches of
U.S. banks 1,723 3,719 1,723 3,714
70 Other banks in
foreign countries 9,616 76,781 9,370 74,676
71 Foreign governments
and official
institutions
(including
foreign central
banks) 18,401 25,780 16,018 20,927
72 All other deposits
and credit
balances 18,283 99 17,518 99
73 Certified and
official checks 161 n.a. 137 n.a.
74 Transaction accounts
and credit
balances
(excluding IBFs) 7,664 n.a. 6,079 n.a.
75 Individuals,
partnerships, and
corporations 6,372 n.a. 4,967 n.a.
76 U.S. addressees
(domicile) 3,876 n.a. 3,258 n.a.
77 Non-U.S. addressees
(domicile) 2,496 n.a. 1,709 n.a.
78 Commercial banks in
United States
(including IBFs) 61 n.a. 58 n.a.
79 U.S. branches and
agencies of other
foreign banks 22 n.a. 21 n.a.
80 Other commercial
banks in United
States 39 n.a. 37 n.a.
81 Banks in foreign
countries 498 n.a. 393 n.a.
82 Foreign branches of
U.S. banks 6 n.a. 6 n.a.
83 Other banks in
foreign countries 493 n.a. 387 n.a.
84 Foreign governments
and official
institutions
(including
foreign central
banks) 329 n.a. 301 n.a.
85 All other deposits
and credit
balances 243 n.a. 223 n.a.
86 Certified and
official checks 161 n.a. 137 n.a.
87 Demand deposits
(included in
transaction
accounts and
credit balances) 7,079 n.a. 5,734 n.a.
88 Individuals,
partnerships, and
corporations 5,958 n.a. 4,778 n.a.
89 U.S. addressees
(domicile) 3,741 n.a. 3,198 n.a.
90 Non-U.S. addressees
(domicile) 2,217 n.a. 1,580 n.a.
91 Commercial banks in
United States
(including IBFs) 44 n.a. 42 n.a.
92 U.S. branches and
agencies of other
foreign banks 12 n.a. 12 n.a.
93 Other commercial
banks in United
States 32 n.a. 30 n.a.
94 Banks in foreign
countries 485 n.a. 380 n.a.
95 Foreign branches of
U.S. banks 4 n.a. 4 n.a.
96 Other banks in
foreign countries 481 n.a. 376 n.a.
97 Foreign governments
and official
institutions
(including
foreign central
banks) 312 n.a. 284 n.a.
98 All other deposits
and credit
balances 119 n.a. 114 n.a.
99 Certified and
official checks 161 n.a. 137 n.a.
100 Nontransaction accounts
(including MMDAs,
excluding IBFs) 388,218 n.a. 332,990 n.a.
101 Individuals,
partnerships, and
corporations 295,653 n.a. 248,176 n.a.
102 U.S. addressees
(domicile) 281,799 n.a. 239,412 n.a.
103 Non-U.S. addressees
(domicile) 13,854 n.a. 8,764 n.a.
104 Commercial banks in
United States
(including IBFs) 45,612 n.a. 41,101 n.a.
105 U.S. branches and
agencies of other
foreign banks 21,554 n.a. 19,196 n.a.
106 Other commercial
banks in United
States 24,058 n.a. 21,905 n.a.
107 Banks in foreign
countries 10,841 n.a. 10,701 n.a.
108 Foreign branches of
U.S. banks 1,717 n.a. 1,717 n.a.
109 Other banks in
foreign countries 9,124 n.a. 8,983 n.a.
110 Foreign governments
and official
institutions
(including
foreign central
banks) 18,071 n.a. 15,717 n.a.
111 All other deposits
and credit
balances 18,040 n.a. 17,295 n.a.
112 IBF deposit liabilities n.a. 130,842 n.a. 118,356
113 Individuals,
partnerships, and
corporations n.a. 11,250 n.a. 6,006
114 U.S. addressees
(domicile) n.a. 1 n.a. 0
115 Non-U.S. addressees
(domicile) n.a. 11,249 n.a. 6,006
116 Commercial banks in
United States
(including IBFs) n.a. 13,212 n.a. 12,934
117 U.S. branches and
agencies of other
foreign banks n.a. 11,715 n.a. 11,484
118 Other commercial
banks in United
States n.a. 1,497 n.a. 1,450
119 Banks in foreign
countries n.a. 80,500 n.a. 78,391
120 Foreign branches of
U.S. banks n.a. 3,719 n.a. 3,714
121 Other banks in
foreign countries n.a. 76,781 n.a. 74,676
122 Foreign governments
and official
institutions
(including
foreign central
banks) n.a. 25,780 n.a. 20,927
123 All other deposits
and credit
balances n.a. 99 n.a. 99
124 Federal funds purchased
and securities
sold under
agreements to
repurchase 187,047 22,149 175,353 14,803
125 U.S. branches and
agencies of other
foreign banks 12,637 4,114 10,251 2,419
126 Other commercial
banks in United
States 18,550 1,734 16,529 856
127 Other 155,859 16,301 148,573 11,529
128 Other borrowed money 75,248 20,428 59,010 15,266
129 Owed to nonrelated
commercial banks
in United States
(including IBFs) 11,245 4,066 9,540 3,548
130 Owed to U.S. offices
of nonrelated
U.S. banks 5,085 660 4,606 621
131 Owed to U.S. branches
and agencies of
nonrelated
foreign banks 6,160 3,407 4,935 2,926
132 Owed to nonrelated
banks in foreign
countries 14,746 12,297 10,521 8,170
133 Owed to foreign
branches of
nonrelated U.S.
banks 780 704 474 410
134 Owed to foreign
offices of nonre-
lated foreign
banks 13,966 11,593 10,047 7,760
135 Owed to others 49,257 4,065 38,949 3,548
136 All other liabilities 112,275 2,165 93,940 2,042
137 Branch or agency
liability on
acceptances
executed and
outstanding 1,685 n.a. 1,214 n.a.
138 Trading liabilities 78,583 68 64,191 66
139 Other liabilities to
nonrelated
parties 32,007 2,097 28,536 1,976
140 Net due to related
depository
institutions(5) 115,104 18,022 75,355 16,308
141 Net due to head
office and other
related
depository
institutions(5) 115,104 n.a. 75,355 n.a.
142 Net due to establish-
ing entity, head
office, and other
related
depository
institutions(5) n.a. 18,022 n.a. 16,308
MEMO
143 Non-interest-bearing
balances with
commercial banks
in United States 1,605 0 1,521 0
144 Holding of own
acceptances
included in
commercial and
industrial loans 1,725 n.a. 1,353 n.a.
145 Commercial and indus-
trial loans with
remaining maturi-
ty of one year or
less (excluding
those in non-
accrual status) 111,973 n.a. 76,241 n.a.
146 Predetermined
interest rates 61,201 n.a. 38,105 n.a.
147 Floating interest
rates 50,772 n.a. 38,136 n.a.
148 Commercial and indus-
trial loans with
remaining maturi-
ty of more than
one year (exclud-
ing those in non-
accrual status) 109,547 n.a. 89,235 n.a.
149 Predetermined
interest rates 24,300 n.a. 21,035 n.a.
150 Floating interest
rates 85,247 n.a. 68,200 n.a.
151 Components of total
nontransaction
accounts,
included in total
deposits and cre-
dit balances
(excluding IBFs) 387,041 n.a. 333,154 n.a.
152 Time deposits of
$100,000 or more 383,382 n.a. 329,561 n.a.
153 Time CDs in denomina-
tions of $100,000
or more with
remaining maturi-
ty of more than
12 months 3,659 n.a. 3,593 n.a.
All states(2) New York
Total Total
including IBFs including IBFs
IBFs only IBFs only
154 Immediately available
funds with a
maturity greater
than one day
included in other
borrowed money 26,775 n.a. 23,148 n.a.
155 Number of reports
filed(6) 334 0 173 0
California Illinois
Item Total Total
including IBFs including IBFs
IBFs only IBFs only
1 Total assets(4) 24,660 5,330 44,580 5,263
2 Claims on nonrelated
parties 23,959 1,508 44,580 2,758
3 Cash and balances due
from depository
institutions 539 125 2,769 2,625
4 Cash items in process
of collection and
unposted debits 7 0 26 0
5 Currency and coin
(U.S. and
foreign) 1 n.a. 0 n.a.
6 Balances with
depository
institutions in
United States 501 112 815 715
7 U.S. branches and
agencies of other
foreign banks
(including IBFs) 300 91 499 415
8 Other depository
institutions in
United States
(including IBFs) 202 21 316 300
9 Balances with banks
in foreign
countries and
with foreign
central banks 15 13 1,912 1,910
10 Foreign branches of
U.S. banks 0 0 0 0
11 Banks in home
country and home-
country central
banks 8 8 0 0
12 All other banks in
foreign countries
and foreign
central banks 7 5 1,912 1,910
13 Balances with Federal
Reserve Banks 15 n.a. 17 n.a.
14 Total securities and
loans 22,653 1,339 30,016 30
15 Total securities, book
value 1,195 439 4,871 11
16 U.S. Treasury 44 n.a. 497 n.a.
17 Obligations of U.S.
government
agencies and
corporations 179 n.a. 1,812 n.a.
18 Other bonds, notes,
debentures, and
corporate stock
(including state
and local
securities) 972 439 2,562 11
19 Securities of
foreign
governmental
units 164 51 11 11
20 All Other 808 388 2,550 0
21 Federal funds sold and
securities
purchased under
agreements to
resell 287 19 1,075 75
22 U.S. branches and
agencies of other
foreign banks 93 19 0 0
23 Commercial banks in
United States 115 0 0 0
24 Other 79 0 1,075 75
25 Total loans, gross 21,487 901 25,159 19
26 LESS: Unearned income
on loans 29 1 13 0
27 EQUALS: Loans, net 21,458 900 25,145 19
Total loans, gross, by
category
28 Real estate loans 2,976 0 134 0
29 Loans to depository
institutions 1,187 718 682 16
30 Commercial banks in
United States
(including IBFs) 860 403 432 0
31 U.S. branches and
agencies of other
foreign banks 844 403 250 0
32 Other commercial
banks in United
States 15 0 182 0
33 Other depository
institutions in
United States
(including IBFs) 0 0 0 0
34 Banks in foreign
countries 328 315 250 16
35 Foreign branches of
U.S. banks 40 40 0 0
36 Other banks in
foreign countries 288 275 250 16
37 Loans to other
financial
institutions 986 0 4,775 0
38 Commercial and
industrial loans 15,657 161 17,955 0
39 U.S. addressees
(domicile) 14,509 0 15,612 0
40 Non-U.S. addressees
(domicile) 1,149 161 2,343 0
41 Acceptances of other
banks 40 0 420 0
42 U.S. banks 5 0 0 0
43 Foreign banks 35 0 420 0
44 Loans to foreign
governments and
official
institutions
(including
foreign central
banks) 234 22 244 3
45 Loans for purchasing or
carrying
securities
(secured and
unsecured) 0 0 330 0
46 All other loans 406 0 271 0
47 Lease financing
receivables (net
of unearned
income) 0 0 348 0
48 U.S. addressees
(domicile) 0 0 348 0
49 Non-U.S. addressees
(domicile) 0 0 0 0
50 Trading assets 74 0 8,890 1
51 All other assets 406 24 1,829 28
52 Customers'
liabilities on
acceptances
outstanding 52 n.a. 230 n.a.
53 U.S. addressees
(domicile) 50 n.a. 7 n.a.
54 Non-U.S. addressees
(domicile) 2 n.a. 223 n.a.
55 Other assets
including other
claims on
nonrelated
parties 354 24 1,599 28
56 Net due from related
depository
institutions(5) 701 3,823 0 2,504
57 Net due from head
office and other
related
depository
institutions(5) 701 n.a. 0 n.a.
58 Net due from
establishing
entity, head
office, and other
related
depository
institutions(5) n.a. 3,823 n.a. 2,504
59 Total liabilities(4) 24,660 5,330 44,580 5,263
60 Liabilities to
nonrelated
parties 9,420 5,225 38,058 4,318
61 Total deposits and
credit balances 2,675 1,227 13,477 2,369
62 Individuals,
partnerships, and
corporations 2,309 154 12,533 40
63 U.S. addressees
(domicile) 640 0 12,479 0
64 Non-U.S. addressees
(domicile) 1,668 154 54 40
65 Commercial banks in
United States
(including IBFs) 314 140 478 61
66 U.S. branches and
agencies of
other foreign
banks 0 120 75 61
67 Other commercial
banks in United
States 314 20 403 0
68 Banks in foreign
countries 10 102 0 572
69 Foreign branches of
U.S. banks 0 5 0 0
70 Other banks in
foreign countries 10 97 0 572
71 Foreign governments
and official
institutions
(including
foreign central
banks) 11 832 465 1,696
72 All other deposits
and credit
balances 27 0 0 0
73 Certified and
official checks 4 n.a. 1 n.a.
74 Transaction accounts
and credit
balances
(excluding IBFs) 285 n.a. 315 n.a.
75 Individuals,
partnerships, and
corporations 268 n.a. 313 n.a.
76 U.S. addressees
(domicile) 164 n.a. 299 n.a.
77 Non-U.S. addressees
(domicile) 104 n.a. 14 n.a.
78 Commercial banks in
United States
(including IBFs) 0 n.a. 0 n.a.
79 U.S. branches and
agencies of other
foreign banks 0 n.a. 0 n.a.
80 Other commercial
banks in United
States 0 n.a. 0 n.a.
81 Banks in foreign
countries 10 n.a. 0 n.a.
82 Foreign branches of
U.S. banks 0 n.a. 0 n.a.
83 Other banks in
foreign countries 10 n.a. 0 n.a.
84 Foreign governments
and official
institutions
(including
foreign central
banks) 1 n.a. 0 n.a.
85 All other deposits
and credit
balances 1 n.a. 0 n.a.
86 Certified and
official checks 4 n.a. 1 n.a.
87 Demand deposits
(included in
transaction
accounts and
credit balances) 215 n.a. 313 n.a.
88 Individuals,
partnerships, and
corporations 199 n.a. 310 n.a.
89 U.S. addressees
(domicile) 140 n.a. 296 n.a.
90 Non-U.S. addressees
(domicile) 58 n.a. 14 n.a.
91 Commercial banks in
United States
(including IBFs) 0 n.a. 0 n.a.
92 U.S. branches and
agencies of other
foreign banks 0 n.a. 0 n.a.
93 Other commercial
banks in United
States 0 n.a. 0 n.a.
94 Banks in foreign
countries 10 n.a. 0 n.a.
95 Foreign branches of
U.S. banks 0 n.a. 0 n.a.
96 Other banks in
foreign countries 10 n.a. 0 n.a.
97 Foreign governments
and official
institutions
(including
foreign central
banks) 1 n.a. 0 n.a.
98 All other deposits
and credit
balances 1 n.a. 0 n.a.
99 Certified and
official checks 4 n.a. 1 n.a.
100 Nontransaction accounts
(including MMDAs,
excluding IBFs) 2,390 n.a. 13,161 n.a.
101 Individuals,
partnerships, and
corporations 2,040 n.a. 12,219 n.a.
102 U.S. addressees
(domicile) 476 n.a. 12,180 n.a.
103 Non-U.S. addressees
(domicile) 1,564 n.a. 39 n.a.
104 Commercial banks in
United States
(including IBFs) 314 n.a. 478 n.a.
105 U.S. branches and
agencies of other
foreign banks 0 n.a. 75 n.a.
106 Other commercial
banks in United
States 314 n.a. 403 n.a.
107 Banks in foreign
countries 0 n.a. 0 n.a.
108 Foreign branches of
U.S. banks 0 n.a. 0 n.a.
109 Other banks in
foreign countries 0 n.a. 0 n.a.
110 Foreign governments
and official
institutions
(including
foreign central
banks) 10 n.a. 464 n.a.
111 All other deposits
and credit
balances 26 n.a. 0 n.a.
112 IBF deposit liabilities n.a. 1,227 n.a. 2,369
113 Individuals,
partnerships, and
corporations n.a. 154 n.a. 40
114 U.S. addressees
(domicile) n.a. 0 n.a. 0
115 Non-U.S. addressees
(domicile) n.a. 154 n.a. 40
116 Commercial banks in
United States
(including IBFs) n.a. 140 n.a. 61
117 U.S. branches and
agencies of other
foreign banks n.a. 120 n.a. 61
118 Other commercial
banks in United
States n.a. 20 n.a. 0
119 Banks in foreign
countries n.a. 102 n.a. 572
120 Foreign branches of
U.S. banks n.a. 5 n.a. 0
121 Other banks in
foreign countries n.a. 97 n.a. 572
122 Foreign governments
and official
institutions
(including
foreign central
banks) n.a. 832 n.a. 1,696
123 All other deposits
and credit
balances n.a. 0 n.a. 0
124 Federal funds purchased
and securities
sold under
agreements to
repurchase 941 312 5,161 1,642
125 U.S. branches and
agencies of other
foreign banks 162 47 969 393
126 Other commercial
banks in United
States 351 45 1,138 333
127 Other 428 220 3,054 917
128 Other borrowed money 4,324 3,646 6,434 296
129 Owed to nonrelated
commercial banks
in United States
(including IBFs) 748 436 269 2
130 Owed to U.S. offices
of nonrelated
U.S. banks 57 35 154 0
131 Owed to U.S. branches
and agencies of
nonrelated
foreign banks 691 401 115 2
132 Owed to nonrelated
banks in foreign
countries 2,731 2,700 297 294
133 Owed to foreign
branches of
nonrelated U.S.
banks 282 282 0 0
134 Owed to foreign
offices of nonre-
lated foreign
banks 2,449 2,418 297 294
135 Owed to others 846 510 5,868 0
136 All other liabilities 253 39 10,617 11
137 Branch or agency
liability on
acceptances
executed and
outstanding 52 n.a. 359 n.a.
138 Trading liabilities 51 0 8,987 2
139 Other liabilities to
nonrelated
parties 150 39 1,271 9
140 Net due to related
depository
institutions(5) 15,240 106 6,522 945
141 Net due to head
office and other
related
depository
institutions(5) 15,240 n.a. 6,522 n.a.
142 Net due to establish-
ing entity, head
office, and other
related
depository
institutions(5) n.a. 106 n.a. 945
MEMO
143 Non-interest-bearing
balances with
commercial banks
in United States 33 0 5 0
144 Holding of own
acceptances
included in
commercial and
industrial loans 95 n.a. 201 n.a.
145 Commercial and indus-
trial loans with
remaining maturi-
ty of one year or
less (excluding
those in non-
accrual status) 7,927 n.a. 13,879 n.a.
146 Predetermined
interest rates 4,046 n.a. 11,434 n.a.
147 Floating interest
rates 3,881 n.a. 2,446 n.a.
148 Commercial and indus-
trial loans with
remaining maturi-
ty of more than
one year (exclud-
ing those in non- 7,367 n.a. 4,049 n.a.
accrual status)
149 Predetermined
interest rates 937 n.a. 496 n.a.
150 Floating interest
rates 6,430 n.a. 3,553 n.a.
151 Components of total
nontransaction
accounts,
included in total
deposits and cre-
dit balances
(excluding IBFs) 2,205 n.a. 13,093 n.a.
152 Time deposits of
$100,000 or more 2,205 n.a. 13,091 n.a.
153 Time CDs in denomina-
tions of $100,000
or more with
remaining maturi-
ty of more than
12 months 0 n.a. 2 n.a.
California Illinois
Total Total
including IBFs including IBFs
IBFs only IBFs only
154 Immediately available
funds with a
maturity greater
than one day
included in other
borrowed money 2,365 n.a. 597 n.a.
155 Number of reports
filed(6) 68 0 26 0
(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 filed 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 Q 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 asset 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.
4.31 PRO FORMA FINANCIAL STATEMENTS FOR FEDERAL RESERVE PRICED
SERVICES
A. Pro forma balance sheet
Millions of dollars
Item Mar. 31, 2001 Mar. 31, 2000
Short-term assets (Note 1)
Imputed reserve requirement
on clearing balances 649.6 640.9
Investment in marketable
securities 5,846.0 5,768.1
Receivables 78.7 80.5
Materials and supplies 3.3 3.5
Prepaid expenses 41.3 32.9
Items in process of
collection 4,045.3 2,823.2
Total short-term assets 10,664.2 9,349.1
Long-term assets (Note 2)
Premises 465.4 440.2
Furniture and equipment 170.6 167.5
Leases and leasehold
improvements 74.6 48.1
Prepaid pension costs 685.0 571.7
Total long-term assets 1,395.6 1,227.5
Total assets 12,059.8 10,576.6
Short-term liabilities
Clearing balances and
balances arising from
early credit of
uncollected items 6,922.7 6,173.2
Deferred-availability items 3,618.1 3,059.0
Short-term debt and payables 123.4 116.8
Total short-term
liabilities 10,664.2 9,349.1
Long-term liabilities
Long-term debt 481.1 390.5
Postretirement/postemployment
benefits obligation 247.4 236.4
Total long-term liabilities 728.5 626.9
Total liabilities 11,392.7 9,976.0
Equity 667.1 600.6
Total liabilities and equity
(Note 3) 12,059.8 10,576.6
4.31 PRO FORMA FINANCIAL STATEMENTS FOR FEDERAL RESERVE PRICED SERVICES
B. Pro forma income statement
Millions of dollars
Quarter ending Quarter ending
Item Mar. 31, 2001 Mar. 31. 2000
Revenue from services provided to
depository institutions (Note 4) 230.8 211.5
Operating expenses (Note 5) 197.9 172.8
Income from operations 32.9 38.8
Inputed costs (Note 6)
Interest on float 3.2 2.8
Interest on debt 8.0 7.9
Sales taxes 2.8 2.3
FDIC insurance 0.0 14.0 0.0 13.0
Income from operations after imputed
costs 18.9 25.8
Other income and expenses (Note 7)
Investment income on clearing
balances 80.9 104.9
Earnings credits (78.8) 2.1 (88.4) 16.4
Income before income taxes 21.0 42.2
Inputed income taxes (Note 8) 6.6 13.3
Net income 14.4 28.9
MEMO
Targeted return on equity (Note 9) 27.3 24.6
NOTE. Components may not sum to totals because of rounding. The priced
services financial statements consist of these tables and the
accompanying notes.
(1) SHORT-TERM ASSETS
The imputed reserve requirement on clearing balances held at Reserve
Banks by depository institutions reflects a treatment comparable to
that of compensating balances held at correspondent banks by respondent
institutions. The reserve requirement imposed on respondent balances
must be held as vault cash or as nonearning balances maintained at a
Reserve Bank; thus, a portion of priced services clearing balances held
with the Federal Reserve is shown as required reserves on the asset
side of the balance sheet. The remainder of clearing balances is
assumed to be invested in three-month Treasury bills, shown as
investment in marketable securities.
Receivables are (1) amounts due the Reserve Banks for priced services
and (2) the share of suspense-account and difference-account balances
related to priced services.
Materials and supplies are the inventory value of short-term assets.
Prepaid expenses include salary advances and travel advances for
priced-service personnel.
Items in process of collection is gross Federal Reserve cash items in
process of collection (CIPC) stated on a basis comparable to that of a
commercial bank. It reflects adjustments for intra-System items that
would otherwise be double-counted on a consolidated Federal Reserve
balance sheet; adjustments for items associated with non-priced items,
such as those collected for government agencies; and adjustments for
items associated with providing fixed availability or credit before
items are received and processed. Among the costs to be recovered under
the Monetary Control Act is the cost of float, or net CIPC during the
period (the difference between gross CIPC and deferred-availability
items which is the portion of gross CIPC that involves a financing
cost), valued at the federal funds rate.
(2) LONG-TERM ASSETS
Consists of long-term assets used solely in priced services, the
priced-services portion of long-term assets shared with nonpriced
services, and an estimate of the assets of the Board of Governors used
in the development of priced services. Effective Jan. 1, 1987, the
Reserve Banks implemented the Financial Accounting Standards Board's
Statement of Financial Accounting Standards No. 87, Employers'
Accounting for Pensions (SFAS 87). Accordingly, the Federal Reserve
Banks recognized credits to expenses of $25.2 million in the first
quarter of 2001, and $28.9 million in the first quarter of 2000, and
corresponding increases in this asset account.
(3) LIABILITIES AND EQUITY
Under the matched-book capital structure for assets that are not
"self-financing," short-term assets are financed with short-term debt
and payables. Long-term assets are financed with long-term debt and
equity in a proportion equal to the ratio of long-term debt to equity
for the fifty largest bank holding companies, which are used in the
model for the private-sector adjustment factor (PSAF). The PSAF
consists of the taxes that would have been paid and the return on
capital that would have been provided had priced services been
furnished by a private-sector firm. Other short-term liabilities
include clearing balances maintained at Reserve Banks and deposit
balances arising from float. Other long-term liabilities consist of
obligations on capital leases.
(4) REVENUE
Revenue represents charges to depository institutions for priced
services and is realized from each institution through one of two
methods: direct charges to an institution's account or charges against
its accumulated earnings credits.
(5) OPERATING EXPENSES
Operating expenses consist of the direct, indirect, and other general
administrative expenses of the Reserve Banks for priced services plus
the expenses for staff members of the Board of Governors working
directly on the development of priced services. The expenses for Board
staff members were $1.2 million in the first quarter of 2001 and $1.05
million in the first quarter of 2000. The credit to expenses under
SFAS 87 (see note 2) is reflected in operating expenses.
(6) IMPUTED COSTS
Imputed costs consist of interest on float, interest on debt, sales
taxes, and the FDIC assessment. Interest on float is derived from the
value of float to be recovered, either explicitly or through per-item
fees, during the period. Float costs include costs for checks,
book-entry securities, noncash collection, ACH, and funds transfers.
Interest is imputed on the debt assumed necessary to finance
priced-service assets. The sales taxes and FDIC assessment that the
Federal Reserve would have paid had it been a private-sector firm are
among the components of the PSAF (see note 3).
Float costs are based on the actual float incurred for each priced
service, multiplied by the appropriate federal funds rate. Other
imputed costs are allocated among priced services according to the
ratio of operating expenses less shipping expenses for each service
to the total expenses for all services less the total shipping
expenses for all services.
The following list shows the daily average recovery of float (before
converting to float costs) by the Reserve Banks for the first quarter
of 2001 and 2000 in millions of dollars:
2001 2000
Total float 797.5 222.9
Unrecovered float 61.0 (436.5)
Float subject to recovery 736.5 659.4
Sources of float recovery:
Income on clearing balances 73.4 66.0
As-of adjustments 512.2 451.7
Direct charges 424.2 311.3
Per-item fees (273.4) (169.6)
Unrecovered float includes float generated by services to government
agencies and by other central bank services. Float recovered through
income on clearing balances is the result of the increase in
investable clearing balances; the increase is produced by a deduction
for float for cash items in process of collection, which reduces
imputed reserve requirements. The income on clearing balances reduces
the float to be recovered through other means. As-of adjustments are
memorandum adjustments to an institution's reserve or clearing
position to recover float incurred by the institution. Direct charges
are billed to the institution for float incurred when an institution
chooses to close on a normal business day and for float incurred on
interterritory check transportation. Float recovered through direct
charges is valued at cost using the federal funds rate and charged
directly to an institution's account. Float recovered through per-item
fees is valued at the federal funds rate and has been added to the
cost base subject to recovery in the first quarter of 2001 and 2000.
(7) OTHER INCOME AND EXPENSES
Consists of imputed investment income on clearing balances and the
actual cost of earnings credits. Investment income on clearing
balances represents the average coupon-equivalent yield on three-month
Treasury bills applied to the total clearing balance maintained,
adjusted for the effect of reserve requirements on clearing balances.
Expenses for earnings credits granted to depository institutions on
their clearing balances are derived by applying the average federal
funds rate to the required portion of the clearing balances, adjusted
for the net effect of reserve requirements on clearing balances.
(8) INCOME TAXES
Imputed income taxes are calculated at the effective tax rate derived
from the PSAF model (see note 3).
(9) RETURN ON EQUITY
Represents the after-tax rate of return on equity that the Federal
Reserve would have earned had it been a private business firm, as
derived from the PSAF model (see note 3).
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