Financial and business statistics - Statistical Data Included
A3 GUIDE TO TABLES
DOMESTIC FINANCIAL STATISTICS
Money Stock and Bank Credit
A4 Reserves and money stock measures
A5 Reserves of depository institutions and Reserve Bank
credit
A6 Reserves and borrowings--Depository
institutions
Policy Instruments
A7 Federal Reserve Bank interest rates
A8 Reserve requirements of depository institutions
A9 Federal Reserve open market transactions
Federal Reserve Banks
A10 Condition and Federal Reserve note statements
A11 Maturity distribution of loan and security
holding
Monetary and Credit Aggregates
A12 Aggregate reserves of depository institutions
and monetary base
A13 Money stock measures
Commercial Banking Institutions--
Assets and Liabilities
A15 All commercial banks in the United States
A16 Domestically chartered commercial banks
A17 Large domestically chartered commercial banks
A19 Small domestically chartered commercial banks
A20 Foreign-related institutions
Financial Markets
A22 Commercial paper outstanding
A22 Prime rate charged by banks on short-term
business loans
A23 Interest rates--Money and capital markets
A24 Stock market--Selected statistics
Federal Finance
A25 Federal debt subject to statutory limitation
A25 Gross public debt of U.S. Treasury--
Types and ownership
A26 U.S. government securities
dealers--Transactions
A27 U.S. government securities dealers--
Positions and financing
A28 Federal and federally sponsored credit
agencies--Debt outstanding
Securities Markets and Corporate Finance
A29 New security issues--Tax--exempt state and local
governments and corporations
A30 Open-end investment companies--Net sales
and assets
A30 Domestic finance companies--Assets and liabilities
A31 Domestic finance companies--Owned and managed
receivables
Real Estate
A32 Mortgage markets--New homes
A33 Mortgage debt outstanding
Consumer Credit
A34 Total outstanding
A34 Terms
Flow of Funds
A35 Funds raised in U.S. credit markets
A37 Summary of financial transactions
A38 Summary of credit market debt outstanding
A39 Summary of financial assets and liabilities
DOMESTIC NONFINANCIAL STATISTICS
Selected Measures
A40 Output, capacity, and capacity utilization
A42 Industrial production--Indexes and gross value
INTERNATIONAL STATISTICS
Summary Statistics
A44 U.S. international transactions
A45 U.S. reserve assets
A45 Foreign official assets held at Federal Reserve
Banks
A46 Selected U.S. liabilities to foreign official
institutions
Reported by Banks in the United States
A46 Liabilities to, and claims on, foreigners
A47 Liabilities to foreigners
A49 Banks' own claims on foreigners
A50 Banks' own and domestic customers' claims on
foreigners
A50 Banks' own claims on unaffiliated foreigners
A51 Claims on foreign countries--Combined
domestic offices and foreign branches
Reported by Nonbanking Business
Enterprises in the United States
A52 Liabilities to unaffiliated foreigners
A53 Claims on unaffiliated foreigners
Securities Holdings and Transactions
A54 Foreign transactions in securities
A55 Marketable U.S. Treasury bonds and
notes--Foreign transactions
Interest and Exchange Rates
A56 Foreign exchange rates
A57 GUIDE TO SPECIAL TABLES AND
STATISTICAL RELEASES
SPECIAL TABLES
A58 Assets and liabilities of commercial
banks, March 31, 2002
A60 Terms of lending at commercial banks,
May 2002
A66 Assets and liabilities of U.S. branches and
agencies of foreign banks, March 31, 2002
A70 INDEX TO STATISTICAL TABLES
Discontinuation of Certain Statistical Tables in
the Federal Reserve Bulletin
The following ten tables have been discontinued in
the Financial and Business Statistics section of
the Federal Reserve Bulletin. Information on the
sources of data in these tables appears in the
Announcements section of the June 2002 issue of
the Bulletin, page 290.
Discontinued tables:
1.38 1.39 1.48 2.10 2.11
2.14 2.15 2.16 2.17 3.11
Page numbers of the tables in the Financial and
Business Statistics section have been revised.
Guide to Tables
SYMBOLS AND ABBREVIATIONS
c Corrected
e Estimated
n.a. Not available
n.e.c. Not elsewhere classified
p Preliminary
r Revised (Notation appears in column heading
when about half the figures in the column have
been revised from the most recently published
table.)
* Amount insignificant in terms of the last decimal
place shown in the table (for example, less than
500,000 when the smallest unit given is in 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
GSE Government-sponsored enterprise
HUD Department of Housing and Urban
Development
IMF International Monetary Fund
IOs Interest only, stripped, mortgage-backed securities
IPCs Individuals, partnerships, and corporations
IRA Individual retirement account
MMDA Money market deposit account
MSA Metropolitan statistical area
NAICS North American Industry Classification System
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-backed 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
TIIS Treasury inflation-indexed securities
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 U.S. Treasury.
"State and local government" also includes municipalities,
special districts, and other political subdivisions.
A4 Domestic Financial Statistics [] August 2002
1.10 RESERVES AND MONEY STOCK MEASURES
Percent annual rate of change, seasonally adjusted (1)
2001
Monetary or credit aggregate
Q2 Q3 Q4
Reserves or depository
institutions (2)
1 Total 4.0 76.3 -31.2
2 Required 6.4 14.8 22.1
3 Nonborrowed 2.9 65.0 -21.4
4 Monetary base (3) 6.2 14.8 6.4
Concepts or money (4)
5 M1 6.0 16.0 2.1
6 M2 9.6 (r) 11.0 (r) 9.4 (r)
7 M3 13.8 (r) 10.0 (r) 12.2 (r)
Nontransaction components
8 In M2 (5) 10.6 (r) 9.6 (r) 11.5 (r)
9 In M3 only (6) 23.1 8.1 18.2
Time and savings deposits
Commercial banks
10 Savings, including MMDAs 20.1 19.7 23.2
11 Small time (7) -7.6 -10.3 -12.1
12 Large time (8,9) -1.2 -7.4 -9.2
Thrift institutions
13 Savings, including MMDAs 22.0 25.2 27.2
14 Small time (7) 4.1 -5.1 -11.2
15 Large time (8) 11.5 14.9 2.5
Money market mutual funds
16 Retail 6.3 (r) 5.0 (r) 7.9 (r)
17 Institution-only 49.7 27.5 49.2
Repurchase agreements
and eurodollars
18 Repurchase agreements (10) 19.0 -9.0 -1.4
19 Eurodollars (10) 7.0 -3.9 -3.6
2002 2002
Monetary or credit aggregate
Q1 Jan. Feb.
Reserves or depository
institutions (2)
1 Total -9.7 15.3 -8.5
2 Required -9.3 23.8 -8.2
3 Nonborrowed -9.4 15.9 -8.0
4 Monetary base (3) 9.1 12.2 10.0
Concepts or money (4)
5 M1 5.8 3.3 1.9
6 M2 5.8 (r) 2.6 (r) 7.5 (r)
7 M3 4.8 (r) -1.2 (r) 6.0 (r)
Nontransaction components
8 In M2 (5) 5.8 (r) 2.4 (r) 9.1 (r)
9 In M3 only (6) 2.7 -9.3 2.7
Time and savings deposits
Commercial banks
10 Savings, including MMDAs 20.4 19.0 22.1
11 Small time (7) -15.3 -16.2 -13.1
12 Large time (8,9) 4.9 14.9 -2.5
Thrift institutions
13 Savings, including MMDAs 25.6 21.8 38.8
14 Small time (7) -15.4 -20.8 -13.9
15 Large time (8) -.8 13.7 -7.3
Money market mutual funds
16 Retail -9.4 (r) -17.8 (r) -10.3 (r)
17 Institution-only -.5 -27.8 -1.8
Repurchase agreements
and eurodollars
18 Repurchase agreements (10) 8.0 -1.6 11.9
19 Eurodollars (10) 6.3 (r) -6.3 35.5
2002
Monetary or credit aggregate
Mar. Apr. May
Reserves or depository
institutions (2)
1 Total -12.7 -7.4 -48.3
2 Required -14.5 -1.4 -51.5
3 Nonborrowed -14.1 -7.2 -49.6
4 Monetary base (3) 6.4 7.9 7.2
Concepts or money (4)
5 M1 2.9 -11.4 6.2
6 M2 -.7 (r) -3.8 (r) 13.9
7 M3 -.5 (r) -2.5 (r) 10.8
Nontransaction components
8 In M2s -1.8 (r) -1.7 (r) 15.9
9 In M3 only (6) .0 (r) .4 (r) 4.1
Time and savings deposits
Commercial banks
10 Savings, including MMDAs 5.2 6.9 25.4
11 Small time (7) -11.4 -7.6 10.8
12 Large time (8,9) 2.3 16.6 4.2
Thrift institutions
13 Savings, including MMDAs 27.9 17.3 13.3
14 Small time (7) -9.6 -10.1 -29.7
15 Large time (8) -7.3 6.3 -31.5
Money market mutual funds
16 Retail -24.1 (r) -23.3 (r) 18.4
17 Institution-only -2.0 -2.0 10.1
Repurchase agreements
and eurodollars
18 Repurchase agreements (10) -8.0 -22.2 -3.3
19 Eurodollars (10) 11.7 (r) -1.7 (r) 2.2
(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 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.
(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 (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, 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
2002
Factor Mar. Apr. May
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 636,572 642,176 647,403
U.S. government securities (2)
2 Bought outright--System
account (3) 573,087 578,737 584,747
3 Held under repurchase agreements 0 0 0
Federal agency obligations
4 Bought outright 10 10 10
5 Held under repurchase agreements 0 0 0
6 Repurchase agreeements--triparty (4) 26,689 25,430 24,845
7 Acceptances 0 0 0
Loans to depository institutions
8 Adjustment credit 6 75 7
9 Seasonal credit 19 50 107
10 Special Liquidity Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float -38 -397 -237
13 Other Federal Reserve assets 36,799 38,271 37,925
14 Gold stock 11,044 11,044 11,044
15 Special drawing rights certificate
account 2,200 2,200 2,200
16 Treasury currency outstanding 33,575 33,635 33,697
ABSORBING RESERVE FUNDS
17 Currency in circulation 640,031 643,813 649,450
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 421 400 407
Deposits, other than reserve balances,
with Federal Reserve Banks
20 Treasury 5,551 6,127 5,056
21 Foreign 126 98 93
22 Service-related balances and
adjustments 9,549 10,049 10,098
23 Other 218 255 223
24 Other Federal Reserve liabilities and
capital 18,244 18,813 19,343
25 Reserve balances with Federal Reserve
Banks (5) 9,250 9,500 9,675
Average daily figures
for week ending on
date indicated
2002
Factor Apr. 17 Apr. 24 May 1
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 644,014 640,393 647,387
U.S. government securities (2)
2 Bought outright--System
account (3) 578,332 580,266 580,919
3 Held under repurchase agreements 0 0 0
Federal agency obligations
4 Bought outright 10 10 10
5 Held under repurchase agreements 0 0 0
6 Repurchase agreeements--triparty (4) 28,200 21,964 27,429
7 Acceptances 0 0 0
Loans to depository institutions
8 Adjustment credit 4 8 12
9 Seasonal credit 48 56 67
10 Special Liquidity Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float -698 -533 -200
13 Other Federal Reserve assets 38,119 38,621 39,151
14 Gold stock 11,044 11,044 11,044
15 Special drawing rights certificate
account 2,200 2,200 2,200
16 Treasury currency outstanding 33,633 33,647 33,661
ABSORBING RESERVE FUNDS
17 Currency in circulation 643,798 643,464 644,218
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 403 399 393
Deposits, other than reserve balances,
with Federal Reserve Banks
20 Treasury 5,957 6,994 6,946
21 Foreign 116 82 90
22 Service-related balances and
adjustments 10,053 10,130 10,012
23 Other 242 232 237
24 Other Federal Reserve liabilities and
capital 18,736 18,858 19,044
25 Reserve balances with Federal Reserve
Banks (5) 11,586 7,124 13,351
Average daily
figures for week
ending on date
indicated
2002
Factor May 8 May 15
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 641,549 645,894
U.S. government securities (2)
2 Bought outright--System
account (3) 582,167 583,972
3 Held under repurchase agreements 0 0
Federal agency obligations
4 Bought outright 10 10
5 Held under repurchase agreements 0 0
6 Repurchase agreeements--triparty (4) 19,929 22,787
7 Acceptances 0 0
Loans to depository institutions
8 Adjustment credit 5 6
9 Seasonal credit 94 95
10 Special Liquidity Facility credit 0 0
11 Extended credit 0 0
12 Float 80 -99
13 Other Federal Reserve assets 39,265 39,124
14 Gold stock 11,044 11,044
15 Special drawing rights certificate
account 2,200 2,200
16 Treasury currency outstanding 33,675 33,689
ABSORBING RESERVE FUNDS
17 Currency in circulation 646,424 647,695
18 Reverse repurchase
agreements--triparty (4) 0 0
19 Treasury cash holdings 396 408
Deposits, other than reserve balances,
with Federal Reserve Banks
20 Treasury 5,145 5,134
21 Foreign 87 99
22 Service-related balances and
adjustments 10,128 10,042
23 Other 260 214
24 Other Federal Reserve liabilities and
capital 19,123 19,099
25 Reserve balances with Federal Reserve
Banks (5) 6,903 10,135
Average daily
figures for week
ending on date
indicated
2002
Factor May 22 May 29
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 643,811 655,846
U.S. government securities (2)
2 Bought outright--System
account (3) 585,122 587,669
3 Held under repurchase agreements 0 0
Federal agency obligations
4 Bought outright 10 10
5 Held under repurchase agreements 0 0
6 Repurchase agreeements--triparty (4) 22,893 31,204
7 Acceptances 0 0
Loans to depository institutions
8 Adjustment credit 12 7
9 Seasonal credit 105 129
10 Special Liquidity Facility credit 0 0
11 Extended credit 0 0
12 Float -753 -185
13 Other Federal Reserve assets 36,422 37,012
14 Gold stock 11,044 11,044
15 Special drawing rights certificate
account 2,200 2,200
16 Treasury currency outstanding 33,703 33,717
ABSORBING RESERVE FUNDS
17 Currency in circulation 648,751 653,948
18 Reverse repurchase
agreements--triparty (4) 0 0
19 Treasury cash holdings 411 412
Deposits, other than reserve balances,
with Federal Reserve Banks
20 Treasury 4,914 5,012
21 Foreign 76 109
22 Service-related balances and
adjustments 10,159 10,159
23 Other 217 207
24 Other Federal Reserve liabilities and
capital 19,460 19,701
25 Reserve balances with Federal Reserve
Banks (5) 6,771 13,258
End-of-month figures
Factor Mar. Apr. May
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 642,186 651,320 651,330
U.S. government securities (2)
2 Bought outright--System
account (3) 575,356 581,308 587,189
3 Held under repurchase agreements 0 0 0
Federal agency obligations
4 Bought outright 10 10 10
5 Held under repurchase agreements 0 0 0
6 Repurchase agreeements--triparty (4) 29,500 31,500 28,000
7 Acceptances 0 0 0
Loans to depository institutions
8 Adjustment credit 0 13 0
9 Seasonal credit 19 60 124
10 Special Liquidity Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float -476 -402 -665
13 Other Federal Reserve assets 37,776 38,832 36,673
14 Gold stock 11,044 11,044 11,044
15 Special drawing rights certificate
account 2,200 2,200 2,200
16 Treasury currency outstanding 33,605 33,661 33,731
ABSORBING RESERVE FUNDS
17 Currency in circulation 641,848 645,445 653,655
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 412 393 416
Deposits, other than reserve balances,
with Federal Reserve Banks
20 Treasury 5,692 5,387 5,883
21 Foreign 256 111 128
22 Service-related balances and
adjustments 9,869 10,012 9,799
23 Other 181 287 207
24 Other Federal Reserve liabilities and
capital 18,163 19,202 19,504
25 Reserve balances with Federal Reserve
Banks (5) 12,614 17,388 8,713
Wednesday figures
Factor Apr. 17 Apr. 24 May 1
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 645,066 641,475 654,341
U.S. government securities (2)
2 Bought outright--System
account (3) 580,046 582,038 580,860
3 Held under repurchase agreements 0 0 0
Federal agency obligations
4 Bought outright 10 10 10
5 Held under repurchase agreements 0 0 0
6 Repurchase agreeements--triparty (4) 27,200 21,000 34,500
7 Acceptances 0 0 0
Loans to depository institutions
8 Adjustment credit 1 11 8
9 Seasonal credit 49 55 88
10 Special Liquidity Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float -560 -574 -144
13 Other Federal Reserve assets 38,320 38,935 39,018
14 Gold stock 11,044 11,044 11,044
15 Special drawing rights certificate
account 2,200 2,200 2,200
16 Treasury currency outstanding 33,633 33,647 33,661
ABSORBING RESERVE FUNDS
17 Currency in circulation 644,684 644,691 646,309
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 400 393 394
Deposits, other than reserve balances,
with Federal Reserve Banks
20 Treasury 7,740 6,255 4,323
21 Foreign 76 76 92
22 Service-related balances and
adjustments 10,053 10,130 10,012
23 Other 231 231 212
24 Other Federal Reserve liabilities and
capital 18,558 18,688 18,868
25 Reserve balances with Federal Reserve
Banks (5) 10,200 7,901 21,035
Wednesday figures
Factor May 8 May 15
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 643,099 649,265
U.S. government securities (2)
2 Bought outright--System
account (3) 583,672 585,767
3 Held under repurchase agreements 0 0
Federal agency obligations
4 Bought outright 10 10
5 Held under repurchase agreements 0 0
6 Repurchase agreeements--triparty (4) 19,000 28,251
7 Acceptances 0 0
Loans to depository institutions
8 Adjustment credit 2 9
9 Seasonal credit 89 95
10 Special Liquidity Facility credit 0 0
11 Extended credit 0 0
12 Float 954 -816
13 Other Federal Reserve assets 39,371 35,948
14 Gold stock 11,044 11,044
15 Special drawing rights certificate
account 2,200 2,200
16 Treasury currency outstanding 33,675 33,689
ABSORBING RESERVE FUNDS
17 Currency in circulation 648,573 649,083
18 Reverse repurchase
agreements--triparty (4) 0 0
19 Treasury cash holdings 407 410
Deposits, other than reserve balances,
with Federal Reserve Banks
20 Treasury 5,452 4,968
21 Foreign 82 108
22 Service-related balances and
adjustments 10,128 10,042
23 Other 251 216
24 Other Federal Reserve liabilities and
capital 18,754 18,978
25 Reserve balances with Federal Reserve
Banks (5) 6,368 12,392
Wednesday figures
Factor May 22 May 29
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 644,369 673,629
U.S. government securities (2)
2 Bought outright--System
account (3) 584,602 587,559
3 Held under repurchase agreements 0 0
Federal agency obligations
4 Bought outright 10 10
5 Held under repurchase agreements 0 0
6 Repurchase agreeements--triparty (4) 23,500 47,425
7 Acceptances 0 0
Loans to depository institutions
8 Adjustment credit 24 3
9 Seasonal credit 111 143
10 Special Liquidity Facility credit 0 0
11 Extended credit 0 0
12 Float -688 1,174
13 Other Federal Reserve assets 36,810 37,314
14 Gold stock 11,044 11,044
15 Special drawing rights certificate
account 2,200 2,200
16 Treasury currency outstanding 33,703 33,717
ABSORBING RESERVE FUNDS
17 Currency in circulation 651,172 656,219
18 Reverse repurchase
agreements--triparty (4) 0 0
19 Treasury cash holdings 411 416
Deposits, other than reserve balances,
with Federal Reserve Banks
20 Treasury 4,024 3,947
21 Foreign 72 208
22 Service-related balances and
adjustments 10,159 10,159
23 Other 217 210
24 Other Federal Reserve liabilities and
capital 19,406 19,306
25 Reserve balances with Federal Reserve
Banks (5) 5,854 30,124
(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 1999 2000
Dec. Dec.
1 Reserve balances with Reserve Banks (2) 5,262 7,022
2 Total vault cash (3) 60,620 45,245
3 Applied vault cash (4) 36,392 31,451
4 Surplus vault cash (5) 24,228 13,794
5 Total reserves (6) 41,654 38,473
6 Required reserves 40,357 37,046
7 Excess reserve balances at Reserve
Banks (7) 1,297 1,427
8 Total borrowing at Reserve Banks 320 210
9 Adjustment 179 99
10 Seasonal 67 111
11 Special Liquidity Facility (8) 74 0
12 Extended credit (9) 0 0
Biweekly averages of
daily figures for two-week
periods ending on dates
indicated
Feb. 6 (r) Feb. 20 (r)
1 Reserve balances with Reserve Banks (2) 9,181 8,981
2 Total vault cash (3) 50,354 45,418
3 Applied vault cash (4) 36,383 32,623
4 Surplus vault cash (5) 13,971 12,795
5 Total reserves (6) 45,564 41,604
6 Required reserves 44,173 40,198
7 Excess reserve balances at Reserve
Banks (7) 1,391 1,406
8 Total borrowing at Reserve Banks 26 37
9 Adjustment 8 17
l0 Seasonal 18 20
11 Special Liquidity Facility (8) ... ...
12 Extended credit (9) 0 0
Prorated monthly averages
of biweekly averages
Reserve classification 2001 2001
Dec. (r) Nov. (r)
1 Reserve balances with Reserve Banks (2) 9,054 8,833
2 Total vault cash (3) 43,935 43,104
3 Applied vault cash (4) 32,024 31,291
4 Surplus vault cash (5) 11,911 11,813
5 Total reserves (6) 41,077 40,124
6 Required reserves 39,433 38,672
7 Excess reserve balances at Reserve
Banks (7) 1,645 1,452
8 Total borrowing at Reserve Banks 67 84
9 Adjustment 34 51
10 Seasonal 33 33
11 Special Liquidity Facility (8) ... ...
12 Extended credit (9) 0 0
Biweekly averages of
daily figures for two-week
periods ending on dates
indicated
Mar. 6 (r) Mar. 20 (r)
1 Reserve balances with Reserve Banks (2) 9,855 8,569
2 Total vault cash (3) 42,690 42,267
3 Applied vault cash (4) 31,885 30,565
4 Surplus vault cash (5) 10,805 11,702
5 Total reserves (6) 41,740 39,134
6 Required reserves 40,460 37,849
7 Excess reserve balances at Reserve
Banks (7) 1,280 1,285
8 Total borrowing at Reserve Banks 22 24
9 Adjustment 9 4
l0 Seasonal 13 20
11 Special Liquidity Facility (8) ... ...
12 Extended credit (9) 0 0
Prorated monthly averages
of biweekly averages
Reserve classification 2002
Dec. (r) Jan. (r)
1 Reserve balances with Reserve Banks (2) 9,054 9,995
2 Total vault cash (3) 43,935 45,730
3 Applied vault cash (4) 32,024 33,730
4 Surplus vault cash (5) 11,911 11,999
5 Total reserves (6) 41,077 43,725
6 Required reserves 39,433 42,339
7 Excess reserve balances at Reserve 1,645 1,387
Banks (7)
8 Total borrowing at Reserve Banks 67 50
9 Adjustment 34 33
10 Seasonal 33 17
11 Special Liquidity Facility (8) ... ...
12 Extended credit (9) 0 0
Biweekly averages of
daily figures for two-week
periods ending on dates
indicated
Apr. 3 (r) Apr. 17 (r)
1 Reserve balances with Reserve Banks (2) 9,493 9,325
2 Total vault cash (3) 43,069 41,730
3 Applied vault cash (4) 31,497 30,301
4 Surplus vault cash (5) 11,572 11,429
5 Total reserves (6) 40,990 39,626
6 Required reserves 39,340 38,501
7 Excess reserve balances at Reserve 1,650 1,124
Banks (7)
8 Total borrowing at Reserve Banks 180 47
9 Adjustment 157 2
l0 Seasonal 23 45
11 Special Liquidity Facility (8) ... ...
12 Extended credit (9) 0 0
Prorated monthly averages
of biweekly averages
Reserve classification
Feb. (r) Mar. (r)
1 Reserve balances with Reserve Banks (2) 9,273 9,146
2 Total vault cash (3) 45,696 42,633
3 Applied vault cash (4) 33,218 31,151
4 Surplus vault cash (5) 12,478 11,482
5 Total reserves (6) 42,491 40,297
6 Required reserves 41,124 38,883
7 Excess reserve balances at Reserve
Banks (7) 1,367 1,414
8 Total borrowing at Reserve Bank 30 79
9 Adjustment 12 59
10 Seasonal 17 20
11 Special Liquidity Faculty (8) ... ...
12 Extended credit (9) 0 0
Biweekly averages of
daily figures for two-week
periods ending on dates
indicated
May 1 (r) May 15
1 Reserve balances with Reserve Banks (2) 10,243 8,524
2 Total vault cash (3) 42,082 41,833
3 Applied vault cash (4) 31,999 30,368
4 Surplus vault cash (5) 10,084 11,464
5 Total reserves (6) 42,242 38,892
6 Required reserves 41,046 37,700
7 Excess reserve balances at Reserve
Banks (7) 1,195 1,192
8 Total borrowing at Reserve Banks 71 100
9 Adjustment l0 6
l0 Seasonal 62 95
11 Special Liquidity Facility (8) ... ...
12 Extended credit (9) 0 0
Prorated monthly averages
of biweekly averages
Reserve classification
Apr. May
1 Reserve balances with Reserve Banks (2) 9,740 9,211
2 Total vault cash (3) 42,016 (r) 41,824
3 Applied vault cash (4) 31,156 (r) 31,035
4 Surplus vault cash (5) 10,860 (r) 10,789
5 Total reserves (6) 40,896 (r) 40,246
6 Required reserves 39,688 (r) 38,982
7 Excess reserve balances at Reserve 1,208 1,263
Banks (7)
8 Total borrowing at Reserve Banks 71 112
9 Adjustment 21 7
10 Seasonal 50 105
11 Special Liquidity Facility (8) ... ...
12 Extended credit (9) 0 0
Biweekly averages of
daily figures for two-week
periods ending on dates
indicated
May 29 June 12
1 Reserve balances with Reserve Banks (2) 10,014 7,894
2 Total vault cash (3) 41,959 40,687
3 Applied vault cash (4) 31,860 29,442
4 Surplus vault cash (5) 10,098 11,245
5 Total reserves (6) 41,874 37,335
6 Required reserves 40,516 36,197
7 Excess reserve balances at Reserve 1,358 1,138
Banks (7)
8 Total borrowing at Reserve Banks 127 116
9 Adjustment 10 3
l0 Seasonal 117 113
11 Special Liquidity Facility (8) ... ...
12 Extended credit (9) 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, 2001).
(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 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
7/12/02
Boston 1.25 12/11/01 1.50
New York 1.25 12/11/01 1.50
Philadelphia 1.25 12/11/01 1.50
Cleveland 1.25 12/13/01 1.50
Richmond 1.25 12/13/01 1.50
Atlanta 1.25 12/13/01 1.50
Chicago 1.25 12/11/01 1.50
St. Louis 1.25 12/12/01 1.50
Minneapolis 1.25 12/13/01 1.50
Kansas City 1.25 12/13/01 1.50
Dallas 1.25 12/13/01 1.50
San Francisco 1.25 12/11/01 1.50
Current and previous levels
Seasonal credit (2)
Federal Reserve
Bank On Effective date Previous rate
7/12/02
Boston 1.75 7/11/02 1.80
New York 1.75 7/11/02 1.80
Philadelphia 1.75 7/11/02 1.80
Cleveland 1.75 7/11/02 1.80
Richmond 1.75 7/11/02 1.80
Atlanta 1.75 7/11/02 1.80
Chicago 1.75 7/11/02 1.80
St. Louis 1.75 7/11/02 1.80
Minneapolis 1.75 7/11/02 1.80
Kansas City 1.75 7/11/02 1.80
Dallas 1.75 7/11/02 1.80
San Francisco 1.75 7/11/02 1.80
Current and previous levels
Extended credit (3)
Federal Reserve
Bank On Effective date Previous rate
7/12/02
Boston 2.25 7/11/02 2.30
New York 2.25 7/11/02 2.30
Philadelphia 2.25 7/11/02 2.30
Cleveland 2.25 7/11/02 2.30
Richmond 2.25 7/11/02 2.30
Atlanta 2.25 7/11/02 2.30
Chicago 2.25 7/11/02 2.30
St. Louis 2.25 7/11/02 2.30
Minneapolis 2.25 7/11/02 2.30
Kansas City 2.25 7/11/02 2.30
Dallas 2.25 7/11/02 2.30
San Francisco 2.25 7/11/02 2.30
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, 1981 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
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
1991--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. 3 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 4.50 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
Apr. 18 4.00-4.50 4.00
20 4.00 4.00
2001--May 15 3.50-4.00 3.50
17 3.50 3.50
June 27 3.25-3.50 3.25
29 3.25 3.25
Aug. 21 3.00-3.25 3.00
23 3.00 3.00
Sept. 17 2.50-3.00 2.50
18 2.50 2.50
Oct. 2 2.00-2.50 2.00
4 2.00 2.00
Nov. 6 1.50-2.00 1.50
8 1.50 1.50
Dec. 11 1.25-1.50 1.25
13 1.25 1.25
In effect July 12, 2002 1.25 1.25
(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, 1914-194l, and 1941-1970;
and the Annual Statistical Digest, 1970-1979, and 1980-1989; and
Statistical Digest, 1996-2000. See also the Board's Statistics:
Releases and Historical Data web pages (http://www.federalreserve.
gov/releases/H15/data.htm).
1.15 RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS (1)
Requirement
Type of deposit
Percentage of Effective date
deposits
Net transaction accounts (2)
1 $0 million-S41.3 million (3) 3 12/27/01
2 More than $41.3 million (4) 10 12/27/01
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 of the
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 27, 2001, for depository
institutions that report weekly, and with the period beginning January
17, 2002, for institutions that report quarterly, the amount was
decreased from $42.8 million to $41.3 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 27, 2001, for depository
institutions that report weekly, and with the period beginning January
17, 2002, for institutions that report quarterly, the exemption was
raised from $5.5 million to $5.7 million.
(4.) The reserve requirement was reduced from 12 percent to 10 percent
on April 2, 1992, for institutions that report weekly, and on April 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 December 13, 1990, and to zero for the maintenance
period that began December 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 January 17, 1991.
The reserve requirement on nonpersonal time deposits with an
original maturity of 1.5 years or more has been zero since October
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 1999 2000 2001
and maturity
U.S. TREASURY SECURITIES (2)
Outright transactions (excluding
matched transactions)
Treasury bills
1 Gross purchases 0 8,676 15,503
2 Gross sales 0 0 0
3 Exchanges 464,218 477,904 542,736
4 For new hills 464,218 477,904 542,736
5 Redemptions 0 24,522 10,095
Others within one year
6 Gross purchases 11,895 8,809 15,663
7 Gross sales 0 0 0
8 Maturity shifts 50,590 62,025 70,336
9 Exchanges -53,315 -54,656 -72,004
10 Redemptions 1,429 3,779 16,802
One to five years
11 Gross purchases 19,731 14,482 22,814
12 Gross sales 0 0 0
13 Maturity shifts -44,032 -52,068 -45,211
14 Exchanges 42,604 46,177 64,519
Five to ten years
15 Gross purchases 4,303 5,871 6,003
16 Gross sales 0 0 0
17 Maturity shifts -5,841 -6,801 -21,063
18 Exchanges 7,583 6,585 6,063
More than ten years
19 Gross purchases 9,428 5,833 8,531
20 Gross sales 0 0 0
21 Maturity shifts -717 -3,155 -4,062
22 Exchanges 3,139 1,894 1,423
All maturities
23 Gross purchases 45,357 43,670 68,513
24 Gross sales 0 0 0
25 Redemptions 1,429 28,301 26,897
Matched transactions
26 Gross purchases 4,413,430 4,415,905 4,722,667
27 Gross sales 4,431,685 4,397,835 4,724,743
Repurchase agreements
28 Gross purchases 281,599 0 0
29 Gross sales 301,273 0 0
30 Net change in U.S.
Treasury securities 5,999 33,439 39,540
FEDERAL AGENCY OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0
32 Gross sales 0 0 0
33 Redemptions 157 51 120
Repurchase agreements
34 Gross purchases 360,069 0 0
35 Gross sales 370,772 0 0
36 Net change in federal
agency obligations -10,859 -51 -120
Reverse repurchase agreements
37 Gross purchases 0 0 0
38 Gross sales 0 0 0
Repurchase agreements
39 Gross purchases 304,989 890,236 1,497,713
40 Gross sales 164,349 987,501 1,490,838
41 Net change in triparty
obligations 140,640 -97,265 6,875
42 Total net change in System
Open Market Account 135,780 -63,877 46,295
2001
Type of transaction Oct. Nov. Dec.
and maturity
U.S. TREASURY SECURITIES (2)
Outright transactions (excluding
matched transactions)
Treasury bills
1 Gross purchases 772 3,075 812
2 Gross sales 0 0 0
3 Exchanges 44,132 59,292 43,771
4 For new hills 44,132 59,292 43,771
5 Redemptions 0 0 0
Others within one year
6 Gross purchases 1,411 1,408 2,942
7 Gross sales 0 0 0
8 Maturity shifts 6,535 5,873 5,235
9 Exchanges -11,809 -9,559 -6,666
10 Redemptions 473 0 0
One to five years
11 Gross purchases 22 1,920 634
12 Gross sales 0 0 0
13 Maturity shifts -2,164 -3,073 -5,235
14 Exchanges 11,809 7,967 6,666
Five to ten years
15 Gross purchases 422 459 101
16 Gross sales 0 0 0
17 Maturity shifts -4,372 -1,824 0
18 Exchanges 0 1,592 0
More than ten years
19 Gross purchases 1,184 0 448
20 Gross sales 0 0 0
21 Maturity shifts 0 -975 0
22 Exchanges 0 0 0
All maturities
23 Gross purchases 3,811 6,862 4,937
24 Gross sales 0 0 0
25 Redemptions 473 0 0
Matched transactions
26 Gross purchases 431,887 377,247 387,033
27 Gross sales 425,110 378,129 390,617
Repurchase agreements
28 Gross purchases 0 0 0
29 Gross sales 0 0 0
30 Net change in U.S.
Treasury securities 10,114 5,980 1,354
FEDERAL AGENCY OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0
32 Gross sales 0 0 0
33 Redemptions 0 0 0
Repurchase agreements
34 Gross purchases 0 0 0
35 Gross sales 0 0 0
36 Net change in federal
agency obligations 0 0 0
Reverse repurchase agreements
37 Gross purchases 0 0 0
38 Gross sales 0 0 0
Repurchase agreements
39 Gross purchases 110,885 121,530 117,650
40 Gross sales 113,715 130,080 103,900
41 Net change in triparty
obligations -2,830 -8,550 13,750
42 Total net change in System
Open Market Account 7,284 -2,570 15,104
2002
Type of transaction Jan. Feb. Mar. Apr.
and maturity
U.S. TREASURY SECURITIES (2)
Outright transactions (excluding
matched transactions)
Treasury bills
1 Gross purchases 2,772 1,042 3,013 1,047
2 Gross sales 0 0 0 0
3 Exchanges 55,521 54,619 48,483 45,376
4 For new hills 55,521 54,619 48,483 45,376
5 Redemptions 0 0 0 0
Others within one year
6 Gross purchases 0 2,894 1,455 2,709
7 Gross sales 0 0 0 0
8 Maturity shifts 5,850 7,537 0 14,515
9 Exchanges -5,766 -8,432 0 -15,522
10 Redemptions 0 0 0 0
One to five years
11 Gross purchases 2,872 1,101 2,181 1,142
12 Gross sales 0 0 0 0
13 Maturity shifts -5,850 -6,283 0 -14,515
14 Exchanges 5,766 7,679 0 15,522
Five to ten years
15 Gross purchases 0 334 637 1,670
16 Gross sales 0 0 0 0
17 Maturity shifts 0 -501 0 0
18 Exchanges 0 753 0 0
More than ten years
19 Gross purchases 582 1,054 291 210
20 Gross sales 0 0 0 0
21 Maturity shifts 0 -753 0 0
22 Exchanges 0 0 0 0
All maturities
23 Gross purchases 6,226 6,425 7,577 6,777
24 Gross sales 0 0 0 0
25 Redemptions 0 0 0 0
Matched transactions
26 Gross purchases 407,791 367,906 393,273 436,936
27 Gross sales 404,296 368,060 393,151 437,881
Repurchase agreements
28 Gross purchases 0 0 0 0
29 Gross sales 0 0 0 0
30 Net change in U.S.
Treasury securities 9,720 6,271 7,699 5,833
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 118,550 101,749 70,850 102,200
40 Gross sales 131,300 104,750 75,849 100,200
41 Net change in triparty
obligations -12,750 -3,001 -4,999 2,000
42 Total net change in System
Open Market Account -3,030 3,270 2,700 7,833
(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
2002
Account May 1 May 8 May 15
Consolidated condition
statement
ASSETS
1 Gold certificate account 11,044 11,044 11,044
2 Special drawing rights certificate
account 2,200 2,200 2,200
3 Coin 982 973 962
Loans
4 To depository institutions 96 92 104
5 Other 0 0 0
6 Acceptances held under repurchase
agreements 0 0 0
Triparty obligations
7 Repurchase agreements--triparty (2) 34,500 19,000 28,251
Federal agency obligations (3)
8 Bought outright 10 10 10
9 Held under repurchase agreements 0 0 0
10 Total U.S. Treasury securities (3) 580,860 583,672 585,767
11 Bought outright (4) 580,860 583,672 585,767
12 Bills 192,016 194,812 195,376
13 Notes 283,536 283,545 285,069
14 Bonds 105,308 105,315 105,322
15 Held under repurchase agreements 0 0 0
16 Total loans and securities 615,467 602,774 614,132
17 Items in process of collection 8,587 8,527 6,583
18 Bank premises 1,512 1,514 1,514
Other assets
19 Denominated in foreign currencies (5) 14,981 14,899 14,974
20 All other (6) 22,294 22,745 19,230
21 Total assets 677,066 664,674 670,639
LIABILITIES
22 Federal Reserve notes 614,024 616,279 616,766
23 Reverse repurchase
agreements--triparty (2) 0 0 0
24 Total deposits 35,582 21,955 27,546
25 Depository institutions 30,954 16,169 22,254
26 U.S. Treasury--General account 4,323 5,452 4,968
27 Foreign--Official accounts 92 82 108
28 Other 212 251 216
29 Deferred credit items 8,592 7,686 7,348
30 Other liabilities and accrued
dividends (7) 2,373 2,415 2,447
31 Total liabilities 660,571 648,335 654,108
CAPITAL ACCOUNTS
32 Capital paid in 8,056 8,101 8,080
33 Surplus 7,300 7,303 7,310
34 Other capital accounts 1,139 936 1,140
35 Total liabilities and capital accounts 677,066 664,674 670,639
MEMO
36 Marketable U.S. Treasury securities
held in custody for foreign and
international accounts n.a. n.a. n.a.
Federal Reserve note
statement
37 Federal Reserve notes outstanding
(issued to Banks) 748,783 749,316 750,911
38 LESS: Held by Federal Reserve Banks 134,759 133,037 134,145
39 Federal Reserve notes, net 614,024 616,279 616,766
Collateral held against notes, net
40 Gold certificate account 11,044 11,044 11,044
41 Special drawing rights certificate
account 2,200 2,200 2,200
42 Other eligible assets 0 353 0
43 U.S. Treasury and agency securities 600,780 602,682 603,523
44 Total collateral 614,024 616,279 616,766
Wednesday
2002
Account May 22 May 29
Consolidated
condition
statement
ASSETS
1 Gold certificate account 11,044 11,044
2 Special drawing rights certificate
account 2,200 2,200
3 Coin 937 928
Loans
4 To depository institutions 135 146
5 Other 0 0
6 Acceptances held under repurchase
agreements 0 0
Triparty obligations
7 Repurchase agreements--triparty (2) 23,500 47,425
Federal agency obligations (3)
8 Bought outright 10 10
9 Held under repurchase agreements 0 0
10 Total U.S. Treasury securities (3) 584,602 587,559
11 Bought outright (4) 584,602 587,559
12 Bills 193,218 194,822
13 Notes 286,010 287,329
14 Bonds 105,374 105,408
15 Held under repurchase agreements 0 0
16 Total loans and securities 608,247 635,140
17 Items in process of collection 6,470 10,850
18 Bank premises 1,515 1,516
Other assets
19 Denominated in foreign currencies (5) 15,362 15,396
20 All other (6) 19,681 20,152
21 Total assets 665,456 697,225
LIABILITIES
22 Federal Reserve notes 618,818 623,847
23 Reverse repurchase
agreements--triparty (2) 0 0
24 Total deposits 20,211 44,379
25 Depository institutions 15,897 40,014
26 U.S. Treasury--General account 4,024 3,947
27 Foreign--Official accounts 72 208
28 Other 217 210
29 Deferred credit items 7,022 9,693
30 Other liabilities and accrued
dividends (7) 2,469 2,522
31 Total liabilities 648,519 680,441
CAPITAL ACCOUNTS
32 Capital paid in 8,096 8,267
33 Surplus 7,312 7,312
34 Other capital accounts 1,530 1,206
35 Total liabilities and capital accounts 665,456 697,225
MEMO
36 Marketable U.S. Treasury securities
held in custody for foreign and
international accounts n.a. n.a.
Federal Reserve
note statement
37 Federal Reserve notes outstanding
(issued to Banks) 751,975 752,137
38 LESS: Held by Federal Reserve Banks 133,157 128,290
39 Federal Reserve notes, net 618,818 623,847
Collateral held against notes, net
40 Gold certificate account 11,044 11,044
41 Special drawing rights certificate
account 2,200 2,200
42 Other eligible assets 0 0
43 U.S. Treasury and agency securities 605,574 610,603
44 Total collateral 618,818 623,847
End of month
2002
Account Mar. Apr. May
Consolidated condition
statement
ASSETS
1 Gold certificate account 11,044 11,044 11,044
2 Special drawing rights certificate
account 2,200 2,200 2,200
3 Coin 1,094 989 947
Loans
4 To depository institutions 20 72 124
5 Other 0 0 0
6 Acceptances held under repurchase
agreements 0 0 0
Triparty obligations
7 Repurchase agreements--triparty (2) 29,500 31,500 28,000
Federal agency obligations (3)
8 Bought outright 10 10 10
9 Held under repurchase agreements 0 0 0
10 Total U.S. Treasury securities (3) 575,356 581,308 587,189
11 Bought outright (4) 575,356 581,308 587,189
12 Bills 192,364 192,466 193,752
13 Notes 278,463 283,535 288,027
14 Bonds 104,530 105,307 105,410
15 Held under repurchase agreements 0 0 0
16 Total loans and securities 604,886 612,891 615,323
17 Items in process of collection 5,306 9,541 5,059
18 Bank premises 1,511 1,512 1,514
Other assets
19 Denominated in foreign currencies (5) 14,379 14,872 15,432
20 All other (6) 21,681 22,220 19,728
21 Total assets 662,100 675,268 671,247
LIABILITIES
22 Federal Reserve notes 609,749 613,166 621,288
23 Reverse repurchase
agreements--triparty (2) 0 0 0
24 Total deposits 28,544 33,279 24,779
25 Depository institutions 22,415 27,495 18,561
26 U.S. Treasury--General account 5,692 5,387 5,883
27 Foreign--Official accounts 256 111 128
28 Other 181 287 207
29 Deferred credit items 5,645 9,621 5,677
30 Other liabilities and accrued
dividends (7) 2,436 2,388 2,556
31 Total liabilities 646,373 658,455 654,299
CAPITAL ACCOUNTS
32 Capital paid in 7,648 8,056 8,268
33 Surplus 7,270 7,290 7,312
34 Other capital accounts 809 1,468 1,368
35 Total liabilities and capital accounts 662,100 675,268 671,247
MEMO
36 Marketable U.S. Treasury securities
held in custody for foreign and
international accounts n.a. n.a. n.a.
Federal Reserve note
statement
37 Federal Reserve notes outstanding
(issued to Banks) 747,765 749,056 751,591
38 LESS: Held by Federal Reserve Banks 138,016 135,890 130,303
39 Federal Reserve notes, net 609,749 613,166 621,288
Collateral held against notes, net
40 Gold certificate account 11,044 11,044 11,044
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 596,505 599,923 608,044
44 Total collateral 609,749 613,166 621,288
(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
2002
Type of holding and maturity May 1 May 8 May 15
1 Total loans 96 92 104
2 Within fifteen days (1) 19 14 19
3 Sixteen days to ninety days 77 78 85
4 91 days to 1 year 0 0 0
5 Total U.S. Treasury securities (2) 580,860 583,672 585,767
6 Within fifteen days (1) 22,521 27,663 23,438
7 Sixteen days to ninety days 122,738 125,948 127,337
8 Ninety-one days to one year 138,748 133,193 136,341
9 One year to five years 161,353 161,355 165,488
10 Five years to ten years 53,999 54,005 51,648
11 More than ten years 81,502 81,509 81,515
12 Total federal agency obligations 10 10 10
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 10
17 Five years to ten years 0 0 0
18 More than ten years 0 0 0
Wednesday
2002
Type of holding and maturity May 22 May 29
1 Total loans 135 146
2 Within fifteen days (1) 130 140
3 Sixteen days to ninety days 6 7
4 91 days to 1 year 0 0
5 Total U.S. Treasury securities (2) 584,602 587,559
6 Within fifteen days (1) 26,794 26,248
7 Sixteen days to ninety days 126,403 128,379
8 Ninety-one days to one year 131,761 133,249
9 One year to five years 166,467 166,469
10 Five years to ten years 51,654 51,685
11 More than ten years 81,522 81,529
12 Total federal agency obligations 10 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 10 10
17 Five years to ten years 0 0
18 More than ten years 0 0
End of month
2002
Type of holding and maturity Mar. Apr. May
1 Total loans 20 72 124
2 Within fifteen days (1) 18 66 101
3 Sixteen days to ninety days 1 6 23
4 91 days to 1 year 0 0 0
5 Total U.S. Treasury securities (2) 575,355 581,308 587,189
6 Within fifteen days (1) 9,609 16,152 3,941
7 Sixteen days to ninety days 139,985 129,556 143,242
8 Ninety-one days to one year 133,054 138,748 139,075
9 One year to five years 159,198 161,353 167,479
10 Five years to ten years 52,250 53,998 51,920
11 More than ten years 81,259 81,501 81,531
12 Total federal agency obligations 10 10 10
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 10
17 Five years to ten years 0 0 0
18 More than ten years 0 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
1998 1999
Item Dec. Dec.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (2)
1 Total reserves (3) 45.14 41.82
2 Nonborrowed reserves (4) 45.02 41.50
3 Nonborrowed reserves plus
extended credit (5) 45.02 41.50
4 Required reserves 43.62 40.53
5 Monetary base (6) 513.55 593.12
Not seasonally
adjusted
6 Total reserves (7) 45.31 41.89
7 Nonborrowed reserves 45.19 41.57
8 Nonborrowed reserves plus extended
credits (5) 45.19 41.57
9 Required reserves (8) 43.80 40.59
10 Monetary base (9) 518.27 600.72
NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (10)
11 Total reserves (11) 45.21 41.65
12 Nonborrowed reserves 45.09 41.33
13 Nonborrowed reserves plus extended
credits (5) 45.09 41.33
14 Required reserves 43.70 40.36
15 Monetary base (12) 525.06 608.02
16 Excess reserves (13) 1.51 1.30
17 Borrowings from the Federal
Reserve .12 .32
2000 2001
Item Dec. Dec. (r)
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (2)
1 Total reserves (3) 38.54 41.22
2 Nonborrowed reserves (4) 38.33 41.15
3 Nonborrowed reserves plus
extended credit (5) 38.33 41.15
4 Required reserves 37.11 39.58
5 Monetary base (6) 584.04 634.41
Not seasonally
adjusted
6 Total reserves (7) 38.53 41.20
7 Nonborrowed reserves 38.32 41.13
8 Nonborrowed reserves plus extended
credits (5) 38.32 41.13
9 Required reserves (8) 37.10 39.55
10 Monetary base (9) 590.06 639.91
NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (10)
11 Total reserves (11) 38.47 41.08
12 Nonborrowed reserves 38.26 41.01
13 Nonborrowed reserves plus extended
credits (5) 38.26 41.01
14 Required reserves 37.05 39.43
15 Monetary base (12) 596.98 648.74
16 Excess reserves (13) 1.43 1.65
17 Borrowings from the Federal
Reserve .21 .07
2001
Item Oct. (r) Nov. (r) Dec. (r)
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (2)
1 Total reserves (3) 45.22 40.87 41.22
2 Nonborrowed reserves (4) 45.10 40.78 41.15
3 Nonborrowed reserves plus
extended credit (5) 45.10 40.78 41.15
4 Required reserves 43.90 39.42 39.58
5 Monetary base (6) 629.95 629.37 634.41
Not seasonally adjusted
6 Total reserves (7) 44.76 40.25 41.20
7 Nonborrowed reserves 44.63 40.17 41.13
8 Nonborrowed reserves plus extended
credits (5) 44.63 40.17 41.13
9 Required reserves (8) 43.43 38.80 39.55
10 Monetary base (9) 627.79 629.68 639.91
NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (10)
11 Total reserves (11) 44.63 40.12 41.08
12 Nonborrowed reserves 44.51 40.04 41.01
13 Nonborrowed reserves plus extended
credits (5) 44.51 40.04 41.01
14 Required reserves 43.31 38.67 39.43
15 Monetary base (12) 635.90 637.64 648.74
16 Excess reserves (13) 1.33 1.45 1.65
17 Borrowings from the Federal
Reserve .13 .08 .07
2002
Item Jan. (r) Feb. (r)
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (2)
1 Total reserves (3) 41.75 41.45
2 Nonborrowed reserves (4) 41.70 41.42
3 Nonborrowed reserves plus
extended credit (5) 41.70 41.42
4 Required reserves 40.36 40.08
5 Monetary base (6) 640.86 646.18
Not seasonally
adjusted
6 Total reserves (7) 43.71 42.47
7 Nonborrowed reserves 43.66 42.44
8 Nonborrowed reserves plus extended
credits (5) 43.66 42.44
9 Required reserves (8) 42.33 41.11
10 Monetary base (9) 644.27 645.71
NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (10)
11 Total reserves (11) 43.73 42.49
12 Nonborrowed reserves 43.68 42.46
13 Nonborrowed reserves plus extended
credits (5) 43.68 42.46
14 Required reserves 42.34 41.12
15 Monetary base (12) 653.28 654.93
16 Excess reserves (13) 1.39 1.37
17 Borrowings from the Federal
Reserve .05 .03
2002
Item Mar. (r) Apr. (r) May
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (2)
1 Total reserves (3) 41.01 40.76 39.12
2 Nonborrowed reserves (4) 40.94 40.69 39.01
3 Nonborrowed reserves plus
extended credit (5) 40.94 40.69 39.01
4 Required reserves 39.60 39.55 37.86
5 Monetary base (6) 649.64 653.90 657.80
Not seasonally adjusted
6 Total reserves (7) 40.27 40.85 40.18
7 Nonborrowed reserves 40.19 40.78 40.07
8 Nonborrowed reserves plus extended
credits (5) 40.19 40.78 40.07
9 Required reserves (8) 38.85 39.64 38.92
10 Monetary base (9) 649.22 653.25 657.91
NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (10)
11 Total reserves (11) 40.30 40.90 40.25
12 Nonborrowed reserves 40.22 40.83 40.13
13 Nonborrowed reserves plus extended
credits (5) 40.22 40.83 40.13
14 Required reserves 38.88 39.69 38.98
15 Monetary base (12) 658.76 663.34 668.05
16 Excess reserves (13) 1.41 1.21 1.26
17 Borrowings from the Federal
Reserve .08 .07 .11
(1.) Latest monthly and biweekly figures are available from the Board's
H.3 (502) weekly statistical release. Historical data startingn 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 credits 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,ncluding 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 MEASURES (1)
Billions of dollars, averages of daily figures
1998 1999
Item Dec. Dec.
Seasonally adjusted
Measures (2)
1 M1 1,096.5 1,124.4
2 M2 4,380.5 (r) 4,650.3 (r)
3 M3 6,041.0 (r) 6,541.8 (r)
M1 components
4 Currency (3) 459.3 516.9
5 Travelers checks (4) 8.2 8.3
6 Demand deposits (5) 378.4 354.5
7 Other checkable deposits (6) 250.5 244.7
Nontransaction components
8 In M2 (7) 3,284.0 (r) 3,525.9 (r)
9 In M3 only (8) 1,660.5 1,891.6
Commercials banks
10 Savings deposits, including MMDAs 1,187.5 1,289.1
11 Small time deposits (9) 626.1 635.0
12 Large time deposits (10,11) 582.9 651.6
Thrift institutions
13 Savings deposits, including MMDAs 414.7 449.7
14 Small time deposits (9) 325.6 320.4
15 Large time deposits (10) 88.6 91.1
Money marker mutual funds
16 Retail 730.2 (r) 821.8 (r)
17 Institution-only 543.1 639.0
Repurchase agreements and eurodollars
18 Repurchase agreements (12) 293.4 336.0
19 Eurodollars(12) 152.5 174.0
Not seasonally adjusted
Measures (2)
20 M1 1,120.4 1,148.3
21 M2 4,400.6 (r) 4,671.1 (r)
22 M3 6,069.8 (r) 6,573.5 (r)
M1 components
23 Currency (3) 463.3 521.5
24 Travelers checks (4) 8.4 8.4
25 Demand deposits (5) 395.9 371.8
26 Other checkable deposits (6) 252.8 246.6
Nontransaction components
27 In M2 (7) 3,280.2 (r) 3,522.8 (r)
28 In M3 only (8) 1,669.2 1,902.4
Commercial banks
29 Savings deposits, including MMDAs 1,186.0 1,288.8
30 Small time deposits (9) 626.5 635.7
31 Large time deposits (10,11) 583.2 652.0
Thrift institutions
32 Savings deposits, including MMDAs 414.2 449.6
33 Small time deposits (9) 325.8 320.8
34 Large time deposits (10) 88.6 91.2
Money market mutual funds
35 Retail 727.7 (r) 828.1 (r)
36 Institution-only 552.6 648.6
Repurchase agreements and eurodollars
37 Repurchase agreements (12) 290.4 334.7
38 Eurodollars (12) 154.5 176.0
2000 2001
Item Dec. Dec.
Seasonally adjusted
Measures (2)
1 M1 1,088.9 1,179.3
2 M2 4,936.0 (r) 5,454.8 (r)
3 M3 7,115.5 (r) 8,029.1 (r)
M1 components
4 Currency (3) 530.1 579.9
5 Travelers checks (4) 8.0 7.8
6 Demand deposits (5) 309.9 330.4
7 Other checkable deposits (6) 240.9 261.1
Nontransaction components
8 In M2 (7) 3,847.1 (r) 4,275.5 (r)
9 In M3 only (8) 2,179.5 2,574.4
Commercials banks
10 Savings deposits, including MMDAs 1,423.7 1,745.8
11 Small time deposits (9) 699.1 638.9
12 Large time deposits (10,11) 717.2 670.4
Thrift institutions
13 Savings deposits, including MMDAs 452.1 561.5
14 Small time deposits (9) 344.5 334.2
15 Large time deposits (10) 102.9 113.9
Money marker mutual funds
16 Retail 927.6 (r) 995.1 (r)
17 Institution-only 799.1 1,207.2
Repurchase agreements and eurodollars
18 Repurchase agreements (12) 364.0 372.1
19 Eurodollars(12) 196.4 210.7
Not seasonally adjusted
Measures (2)
20 M1 1,112.3 1,203.5
21 M2 4,959.7 (r) 5,479.7 (r)
22 M3 7,150.8 (r) 8,067.4 (r)
M1 components
23 Currency (3) 535.2 584.9
24 Travelers checks (4) 8.1 7.9
25 Demand deposits (5) 326.5 348.2
26 Other checkable deposits (6) 242.5 262.5
Nontransaction components
27 In M2 (7) 3,847.4 (r) 4,276.3 (r)
28 In M3 only (8) 2,191.1 2,587.7
Commercial banks
29 Savings deposits, including MMDAs 1,426.9 1,750.2
30 Small time deposits (9) 700.0 639.6
31 Large time deposits (10,11) 717.6 670.5
Thrift institutions
32 Savings deposits, including MMDAs 453.1 562.9
33 Small time deposits (9) 345.0 334.5
34 Large time deposits (10) 103.0 114.0
Money market mutual funds
35 Retail 922.4 (r) 989.0 (r)
36 Institution-only 808.1 1,218.5
Repurchase agreements and eurodollars
37 Repurchase agreements (12) 364.2 372.9
38 Eurodollars (12) 198.2 211.9
2002
Item Feb. Mar.
Seasonally adjusted
Measures (2)
1 M1 1,184.4 1,187.3
2 M2 5,500.6 (r) 5,497.2 (r)
3 M3 8,060.9 (r) 8,057.5 (r)
M1 components
4 Currency (3) 591.4 595.1
5 Travelers checks (4) 7.8 7.7
6 Demand deposits (5) 24.7 324.0
7 Other checkable deposits (6) 260.4 260.5
Nontransaction components
8 In M2 (7) 4,316.3 (r) 4,309.9 (r)
9 In M3 only (8) 2,560.2 2,560.3 (r)
Commercials banks
10 Savings deposits, including MMDAs 1,806.2 1,814.1
11 Small time deposits (9) 623.4 617.5
12 Large time deposits (10,11) 677.3 678.6
Thrift institutions
13 Savings deposits, including MMDAs 590.2 603.9
14 Small time deposits (9) 324.6 322.0
15 Large time deposits (10) 114.5 113.8
Money marker mutual funds
16 Retail 971.9 (r) 952.4 (r)
17 Institution-only 1,177.4 1,177.2
Repurchase agreements and eurodollars
18 Repurchase agreements (12) 375.3 372.8
19 Eurodollars(12) 215.8 217.9 (r)
Not seasonally adjusted
Measures (2)
20 M1 1,171.7 1,189.3
21 M2 5,491.7 (r) 5,542.8 (r)
22 M3 8,092.3 (r) 8,139.6 (r)
M1 components
23 Currency (3) 591.0 596.1
24 Travelers checks (4) 8.0 7.9
25 Demand deposits (5) 316.9 322.7
26 Other checkable deposits (6) 255.8 262.7
Nontransaction components
27 In M2 (7) 4,320.0 (r) 4,353.5 (r)
28 In M3 only (8) 2,600.6 2,596.9 (r)
Commercial banks
29 Savings deposits, including MMDAs 1,796.1 1,824.8
30 Small time deposits (9) 625.2 617.9
31 Large time deposits (10,11) 675.7 681.0
Thrift institutions
32 Savings deposits, including MMDAs 586.9 607.4
33 Small time deposits (9) 325.6 322.3
34 Large time deposits (10) 114.2 114.2
Money market mutual funds
35 Retail 986.2 (r) 981.0 (r)
36 Institution-only 1,215.6 1,208.0
Repurchase agreements and eurodollars
37 Repurchase agreements (12) 376.9 373.7
38 Eurodollars (12) 218.2 220.0 (r)
2002
Item Apr. May
Seasonally adjusted
Measures (2)
1 M1 1,176.0 1,182.1
2 M2 5,479.8 (r) 5,543.2
3 M3 8,040.9 (r) 8,113.1
M1 components
4 Currency (3) 599.5 605.2
5 Travelers checks (4) 7.7 7.8
6 Demand deposits (5) 309.4 305.8
7 Other checkable deposits (6) 259.4 263.3
Nontransaction components
8 In M2 (7) 4,303.9 (r) 4,361.1
9 In M3 only (8) 2,561.1 (r) 2,569.9
Commercials banks
10 Savings deposits, including MMDAs 1,824.5 1,863.1
11 Small time deposits (9) 613.6 619.1
12 Large time deposits (10,11) 688.0 690.4
Thrift institutions
13 Savings deposits, including MMDAs 612.6 619.4
14 Small time deposits (9) 319.3 311.4
15 Large time deposits (10) 114.4 111.4
Money marker mutual funds
16 Retail 933.9 (r) 948.2
17 Institution-only 1,175.2 1,185.1
Repurchase agreements and eurodollars
18 Repurchase agreements (12) 365.9 364.9
19 Eurodollars(12) 217.6 (r) 218.0
Not seasonally adjusted
Measures (2)
20 M1 1,188.3 1,177.4
21 M2 5,557.1 (r) 5,526.4
22 M3 8,132.1 (r) 8,107.6
M1 components
23 Currency (3) 599.7 605.3
24 Travelers checks (4) 7.9 7.9
25 Demand deposits (5) 309.9 300.1
26 Other checkable deposits (6) 270.9 264.1
Nontransaction components
27 In M2 (7) 4,368.8 (r) 4,349.0
28 In M3 only (8) 2,574.9 (r) 2,581.2
Commercial banks
29 Savings deposits, including MMDAs 1,851.1 1,861.4
30 Small time deposits (9) 613.1 616.9
31 Large time deposits (10,11) 689.3 696.4
Thrift institutions
32 Savings deposits, including MMDAs 621.5 618.8
33 Small time deposits (9) 319.0 310.3
34 Large time deposits (10) 114.6 112.4
Money market mutual funds
35 Retail 964.1 (r) 941.6
36 Institution-only 1,185.1 1,182.2
Repurchase agreements and eurodollars
37 Repurchase agreements (12) 365.7 369.8
38 Eurodollars (12) 220.2 (r) 220.4
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 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 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 of 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.
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 2001 2001
May (r) Nov. (r) Dec. (r)
Seasonally adjusted
Assets
1 Bank credit 5,326.9 5,458.9 5,450.3
2 Securities in bank credit 1,371.4 1,488.5 1,490.6
3 U.S. government securities 758.7 812.0 830.1
4 Other securities 612.7 676.5 660.5
5 Loans and leases in bank credit (2) 3,955.4 3,970.5 3,959.7
6 Commercial and industrial 1,095.9 1,043.1 1,034.3
7 Real estate 1,704.3 1,774.8 1,787.2
8 Revolving home equity 135.3 152.9 155.8
9 Other 1,569.0 1,621.9 1,631.3
10 Consumer 552.5 557.9 557.0
11 Security (3) 167.6 154.0 145.6
12 Other loans and leases 435.2 440.7 435.6
13 Interbank loans 281.4 286.2 293.1
14 Cash assets (4) 282.2 296.9 297.4
15 Other assets (5) 423.7 487.9 481.9
16 Total assets (6) 6,248.2 6,459.1 6,450.1
Liabilities
17 Deposits 4,015.9 4,201.0 4,243.7
18 Transaction 611.5 635.6 640.7
19 Nontransaction 3,404.4 3,565.4 3,603.0
20 Large time 964.7 984.8 983.7
21 Other 2,439.6 2,580.5 2,619.4
22 Borrowings 1,249.2 1,253.0 1,248.0
23 From banks in the U.S. 391.8 413.1 415.5
24 From others 857.5 839.9 832.5
25 Net due to related foreign offices. 202.2 160.0 144.2
26 Other liabilities 352.5 403.3 356.7
27 Total liabilities 5,819.8 6,017.3 5,992.6
28 Residual (assets less
liabilities) (7) 428.3 441.8 457.5
Not seasonally adjusted
Assets
29 Bank credit 5,320.3 5,474.4 5,483.1
30 Securities in bank credit 1,369.0 1,492.1 1,498.0
31 U.S. government securities 756.7 812.7 834.9
32 Other securities 612.3 679.4 663.0
33 Loans and leases in bank credit (2) 3,951.3 3,982.3 3,985.1
34 Commercial and industrial 1,099.7 1,044.7 1,034.0
35 Real estate 1,707.0 1,779.2 1,791.5
36 Revolving home equity 135.5 153.4 155.9
37 Other 1,571.5 1,625.8 1,635.5
38 Consumer 550.9 560.3 566.5
39 Credit cards and related plans 219.2 225.7 232.4
40 Other 331.7 334.6 334.1
41 Security (3) 161.9 157.3 152.0
42 Other loans and leases 431.7 440.8 441.1
43 Interbank loans 276.7 289.8 299.4
44 Cash assets (4) 279.8 306.1 317.2
45 Other assets (5) 423.4 489.2 484.9
46 Total assets (6) 6,234.3 6,488.5 6,511.9
Liabilities
47 Deposits 4,008.2 4,220.2 4,294.5
48 Transaction 603.6 641.7 669.3
49 Nontransaction 3,404.6 3,578.5 3,625.1
50 Large time 967.1 991.6 998.1
51 Other 2,437.5 2,587.0 2,627.0
52 Borrowings 1,256.0 1,255.8 1,248.0
53 From banks in the U.S. 393.2 410.3 417.1
54 From others 862.9 845.6 830.9
55 Net due to related foreign offices 201.6 163.4 150.8
56 Other liabilities 351.9 408.9 362.3
57 Total liabilities 5,817.9 6,048.3 6,055.6
58 Residual (assets less
liabilities) (7) 416.4 440.2 456.4
Monthly averages
Account 2002
Jan. (r) Feb. (r) Mar. (r)
Seasonally adjusted
Assets
1 Bank credit 5,430.3 5,434.4 5,429.9
2 Securities in bank credit 1,484.9 1,478.2 1,477.0
3 U.S. government securities 817.4 809.1 825.5
4 Other securities 667.5 669.1 651.5
5 Loans and leases in bank credit (2) 3,945.4 3,956.2 3,952.8
6 Commercial and industrial 1,026.3 1,033.8 1,030.7
7 Real estate 1,783.4 1,790.3 1,790.2
8 Revolving home equity 159.0 162.6 168.0
9 Other 1,624.4 1,627.7 1,622.1
10 Consumer 559.2 561.4 559.1
11 Security (3) 151.1 152.3 160.5
12 Other loans and leases 425.3 418.5 412.3
13 Interbank loans 292.6 276.4 267.6
14 Cash assets (4) 300.2 298.8 301.7
15 Other assets (5) 482.3 485.3 465.5
16 Total assets (6) 6,431.1 6,420.4 6,389.9
Liabilities
17 Deposits 4,257.3 4,274.4 4,314.2
18 Transaction 635.8 625.0 621.1
19 Nontransaction 3,621.6 3,649.4 3,693.0
20 Large time 998.3 1,012.3 1,027.2
21 Other 2,623.3 2,637.1 2,665.8
22 Borrowings 1,235.2 1,233.9 1,204.6
23 From banks in the U.S. 412.5 406.2 393.5
24 From others 822.7 827.7 811.1
25 Net due to related foreign offices. 115.9 97.9 102.0
26 Other liabilities 342.5 336.1 309.4
27 Total liabilities 5,950.8 5,942.2 5,930.2
28 Residual (assets less
liabilities) (7) 480.3 478.2 459.7
Not seasonally adjusted
Assets
29 Bank credit 5,447.7 5,439.5 5,423.9
30 Securities in bank credit 1,493.0 1,485.7 1,482.7
31 U.S. government securities 822.6 816.1 831.8
32 Other securities 670.4 669.6 650.9
33 Loans and leases in bank credit (2) 3,954.7 3,953.8 3,941.2
34 Commercial and industrial 1,021.8 1,032.6 1,032.1
35 Real estate 1,782.6 1,785.2 1,782.6
36 Revolving home equity 158.8 162.5 166.5
37 Other 1,623.9 1,622.7 1,616.1
38 Consumer 567.0 563.7 556.4
39 Credit cards and related plans 228.3 223.8 220.1
40 Other 338.7 339.9 336.2
41 Security (3) 155.0 153.9 158.2
42 Other loans and leases 428.2 418.4 412.0
43 Interbank loans 290.8 275.1 272.5
44 Cash assets (4) 313.2 300.1 291.8
45 Other assets (5) 483.9 484.4 465.1
46 Total assets (6) 6,461.3 6,424.3 6,378.4
Liabilities
47 Deposits 4,283.2 4,290.4 4,319.5
48 Transaction 648.8 619.7 616.2
49 Nontransaction 3,634.5 3,670.6 3,703.3
50 Large time 1,011.1 1,019.5 1,028.0
51 Other 2,623.4 2,651.2 2,675.3
52 Borrowings 1,248.6 1,237.1 1,203.0
53 From banks in the U.S. 417.7 411.4 397.9
54 From others 830.9 825.8 805.1
55 Net due to related foreign offices 123.2 104.3 103.6
56 Other liabilities 348.3 341.3 309.1
57 Total liabilities 6,003.4 5,973.1 5,935.4
58 Residual (assets less
liabilities) (7) 457.9 451.2 443.0
Wednesday
Monthly averages figures
Account 2002 2002
Apr. (r) May May 8
Seasonally adjusted
Assets
1 Bank credit 5,452.1 5,510.6 5,482.6
2 Securities in bank credit 1,497.9 1,532.3 1,508.9
3 U.S. government securities 848.0 870.2 857.8
4 Other securities 649.9 662.1 651.1
5 Loans and leases in bank credit (2) 3,954.1 3,978.3 3,973.7
6 Commercial and industrial 1,017.5 1,015.7 1,010.5
7 Real estate 1,792.7 1,811.8 1,812.0
8 Revolving home equity 172.3 179.4 177.6
9 Other 1,620.4 1,632.5 1,634.4
10 Consumer 563.3 566.2 564.9
11 Security (3) 168.3 171.0 173.5
12 Other loans and leases 412.4 413.5 412.9
13 Interbank loans 268.4 285.9 279.9
14 Cash assets (4) 301.0 299.5 292.8
15 Other assets (5) 478.4 485.0 481.3
16 Total assets (6) 6,425.7 6,506.4 6,461.9
Liabilities
17 Deposits 4,334.1 4,367.1 4,357.0
18 Transaction 603.0 615.4 587.0
19 Nontransaction 3,731.0 3,751.7 3,770.0
20 Large time 1,042.5 1,049.7 1,054.3
21 Other 2,688.5 2,702.0 2,715.7
22 Borrowings 1,220.3 1,247.8 1,223.7
23 From banks in the U.S. 393.0 393.6 386.9
24 From others 827.4 854.2 836.9
25 Net due to related foreign offices. 104.7 93.0 90.6
26 Other liabilities 318.5 330.7 329.2
27 Total liabilities 5,977.6 6,038.6 6,000.6
28 Residual (assets less
liabilities) (7) 448.1 467.8 461.3
Not seasonally adjusted
Assets
29 Bank credit 5,449.0 5,504.4 5,481.2
30 Securities in bank credit 1,497.3 1,529.6 1,507.1
31 U.S. government securities 849.8 867.9 855.2
32 Other securities 647.5 661.7 651.9
33 Loans and leases in bank credit (2) 3,517.7 3,974.9 3,974.1
34 Commercial and industrial 1,021.7 1,019.3 1,017.1
35 Real estate 1,789.4 1,814.4 1,814.4
36 Revolving home equity 171.7 179.7 178.0
37 Other 1,617.7 1,634.7 1,636.4
38 Consumer 559.9 564.4 562.8
39 Credit cards and related plans 223.8 223.3 222.0
40 Other 336.1 341.1 340.9
41 Security (3) 167.4 164.5 167.5
42 Other loans and leases 413.3 412.2 412.1
43 Interbank loans 278.1 282.4 279.0
44 Cash assets (4) 300.2 296.8 284.7
45 Other assets (5) 478.9 484.7 485.3
46 Total assets (6) 6,432.2 6,493.7 6,455.5
Liabilities
47 Deposits 4,358.2 4,360.0 4,357.7
48 Transaction 611.5 607.2 574.8
49 Nontransaction 3,746.7 3,752.7 3,783.0
50 Large time 1,045.1 1,053.3 1,058.7
51 Other 2,701.7 2,699.4 2,724.2
52 Borrowings 1,226.7 1,254.2 1,240.5
53 From banks in the U.S. 398.2 394.9 391.9
54 From others 828.5 859.3 848.5
55 Net due to related foreign offices 96.0 92.6 86.6
56 Other liabilities 311.2 330.2 325.7
57 Total liabilities 5,992.2 6,036.9 6,010.4
58 Residual (assets less
liabilities) (7) 440.0 456.8 445.1
Wednesday figures
Account 2002
May 15 May 22 May 29
Seasonally adjusted
Assets
1 Bank credit 5,511.6 5,524.9 5,523.2
2 Securities in bank credit 1,527.0 1,546.6 1,543.6
3 U.S. government securities 869.6 874.3 875.3
4 Other securities 657.4 672.3 668.2
5 Loans and leases in bank credit (2) 3,984.6 3,978.3 3,979.6
6 Commercial and industrial 1,013.5 1,020.2 1,019.0
7 Real estate 1,812.6 1,811.2 1,812.1
8 Revolving home equity 178.9 179.6 180.9
9 Other 1,633.7 1,631.6 1,631.2
10 Consumer 566.8 565.3 569.2
11 Security (3) 176.2 168.4 166.9
12 Other loans and leases 415.5 413.2 412.4
13 Interbank loans 299.4 283.1 281.9
14 Cash assets (4) 299.6 294.3 312.3
15 Other assets (5) 475.4 490.7 492.7
16 Total assets (6) 6,511.2 6,518.4 6,535.5
Liabilities
17 Deposits 4,392.4 4,357.6 4,363.2
18 Transaction 615.0 626.0 645.4
19 Nontransaction 3,777.4 3,731.5 3,717.8
20 Large time 1,057.4 1,046.1 1,046.1
21 Other 2,720.0 2,685.4 2,671.7
22 Borrowings 1,239.9 1,252.0 1,268.8
23 From banks in the U.S. 397.6 395.1 391.1
24 From others 842.3 856.8 877.8
25 Net due to related foreign offices. 77.3 100.4 106.2
26 Other liabilities 332.0 337.7 325.1
27 Total liabilities 6,041.6 6,047.6 6,063.4
28 Residual (assets less
liabilities) (7) 469.6 470.7 472.1
Not seasonally adjusted
Assets
29 Bank credit 5,506.3 5,512.8 5,514.1
30 Securities in bank credit 1,524.1 1,542.5 1,539.8
31 U.S. government securities 867.3 871.7 872.4
32 Other securities 656.9 670.9 667.4
33 Loans and leases in bank credit (2) 3,982.2 3,970.3 3,974.3
34 Commercial and industrial 1,017.5 1,022.7 1,020.2
35 Real estate 1,816.5 1,813.7 1,814.2
36 Revolving home equity 179.4 180.0 181.1
37 Other 1,637.1 1,633.0 1,633.1
38 Consumer 565.5 564.5 567.2
39 Credit cards and related plans 224.3 222.5 225.7
40 Other 341.3 341.6 341.4
41 Security (3) 168.7 160.1 161.3
42 Other loans and leases 414.0 409.8 411.4
43 Interbank loans 295.2 273.5 278.4
44 Cash assets (4) 294.4 277.2 328.9
45 Other assets (5) 477.6 486.5 489.1
46 Total assets (6) 6,498.9 6,475.7 6,536.0
Liabilities
47 Deposits 4,384.5 4,327.5 4,362.6
48 Transaction 606.3 602.3 651.8
49 Nontransaction 3,778.2 3,725.2 3,710.8
50 Large time 1,059.1 1,049.2 1,051.1
51 Other 2,719.1 2,676.0 2,659.8
52 Borrowings 1,249.1 1,250.4 1,269.7
53 From banks in the U.S. 400.0 393.8 389.9
54 From others 849.1 856.6 879.8
55 Net due to related foreign offices 76.9 100.5 109.6
56 Other liabilities 331.0 337.9 327.9
57 Total liabilities 6,041.4 6,016.3 6,069.9
58 Residual (assets less
liabilities) (7) 457.5 459.4 466.1
B. Domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 2001
May
Seasonally
adjusted
Assets
1 Bank credit 4,717.9 (r)
2 Securities in bank credit 1,158.4
3 U.S. government securities 703.0
4 Other securities 455.4
5 Loans and leases in bank credit (2) 3,559.5
6 Commercial and industrial 878.9
7 Real estate 1,686.1
8 Revolving home equity 135.3 (r)
9 Other 1,550.9
10 Consumer 552.5
11 Security (3) 74.3
12 Other loans and leases 367.7
13 Interbank loans 252.3 (r)
14 Cash assets (4) 244.6
15 Other assets (5) 387.3
16 Total assets (6)
5,536.6 (r)
Liabilities
17 Deposits 3,608.7
18 Transaction 600.8
19 Nontransaction 3,007.9
20 Large time 570.5
21 Other 2,437.4
22 Borrowings 1,029.2
23 From banks in the U.S. 371.4 (r)
24 From others 657.8 (r)
25 Net due to related foreign offices 214.6 (r)
26 Other liabilities 267.1 (r)
27 Total liabilities 5,119.5 (r)
28 Residual (assets less
liabilities) (7) 417.0 (r)
Not seasonally
adjusted
Assets
29 Bank credit 4,715.6
30 Securities in bank credit 1,156.0 (r)
31 U.S. government securities 701.0
32 Other securities 455.0
33 Loans and leases in bank credit (2) 3,559.7(r)
34 Commercial and industrial 885.2
35 Real estate 1,688.9 (r)
36 Revolving home equity 135.5 (r)
37 Other 1,553.3
38 Consumer 550.9
39 Credit cards and related plans 219.2
40 Other 331.7
41 Security (3) 70.0
42 Other loans and leases 364.7
43 Interbank loans 247.7 (r)
44 Cash assets (4) 243.5
45 Other assets (5) 387.0
46 Total assets (6) 5,528.2 (r)
Liabilities
47 Deposits 3,597.1
48 Transaction 593.4
49 Nontransaction 3,003.7
50 Large time 568.5
51 Other 2,435.2
52 Borrowings 1,036.0
53 From banks in the U.S. 372.7 (r)
54 From others 663.2 (r)
55 Net due to related foreign offices 214.1
56 Other liabilities 266.5 (r)
57 Total liabilities 5,113.7 (r)
58 Residual (assets less
liabilities) (7) 414.5 (r)
Monthly averages
Account 2001
Nov. (r) Dec. (r)
Seasonally adjusted
Assets
1 Bank credit 4,859.7 4,855.7
2 Securities in bank credit 1,251.1 1,252.9
3 U.S. government securities 756.3 775.1
4 Other securities 494.9 477.8
5 Loans and leases in bank credit (2) 3,608.6 3,602.8
6 Commercial and industrial 847.2 839.6
7 Real estate 1,755.9 1,768.2
8 Revolving home equity 152.9 155.8
9 Other 1,603.0 1,612.4
10 Consumer 557.9 557.0
11 Security (3) 77.1 71.4
12 Other loans and leases 370.5 366.6
13 Interbank loans 261.2 272.7
14 Cash assets (4) 258.8 258.5
15 Other assets (5) 453.2 450.9
16 Total assets (6)
5,762.4 5,765.6
Liabilities
17 Deposits 3,767.2 3,798.8
18 Transaction 624.7 629.4
19 Nontransaction 3,142.5 3,169.3
20 Large time 565.2 553.8
21 Other 2,577.3 2,615.6
22 Borrowings 1,043.0 1,048.2
23 From banks in the U.S. 388.7 390.7
24 From others 654.2 657.5
25 Net due to related foreign offices 189.1 192.9
26 Other liabilities 322.9 278.1
27 Total liabilities 5,322.2 5,318.0
28 Residual (assets less
liabilities) (7) 440.2 447.6
Not seasonally
adjusted
Assets
29 Bank credit 4,872.5 4,880.9
30 Securities in bank credit 1,254.8 1,260.2
31 U.S. government securities 757.0 780.0
32 Other securities 497.8 480.3
33 Loans and leases in bank credit (2) 3,617.7 3,620.7
34 Commercial and industrial 847.2 837.7
35 Real estate 1,760.3 1,772.5
36 Revolving home equity 153.4 155.9
37 Other 1,606.9 1,616.6
38 Consumer 560.3 566.5
39 Credit cards and related plans 225.7 232.4
40 Other 334.6 334.1
41 Security (3) 79.3 73.8
42 Other loans and leases 370.6 370.2
43 Interbank loans 264.8 279.0
44 Cash assets (4) 265.7 275.8
45 Other assets (5) 454.6 453.2
46 Total assets (6) 5,787.0 5,816.7
Liabilities
47 Deposits 3,782.9 3,837.1
48 Transaction 630.6 657.3
49 Nontransaction 3,152.3 3,179.8
50 Large time 568.7 556.7
51 Other 2,583.7 2,623.1
52 Borrowings 1,045.7 1,048.1
53 From banks in the U.S. 385.8 392.3
54 From others 659.9 655.8
55 Net due to related foreign offices 193.8 196.9
56 Other liabilities 329.1 282.5
57 Total liabilities 5,351.6 5,364.7
58 Residual (assets less
liabilities) (7) 435.4 452.0
Monthly averages
Account 2002
Jan. (r) Feb. (r) Mar. (r)
Seasonally adjusted
Assets
1 Bank credit 4,845.4 4,847.4 4,836.1
2 Securities in bank credit 1,255.1 1,250.7 1,251.6
3 U.S. government securities 766.6 762.4 776.7
4 Other securities 488.5 488.3 474.9
5 Loans and leases in bank credit (2) 3,590.4 3,596.7 3,584.5
6 Commercial and industrial 833.3 836.6 830.4
7 Real estate 1,764.6 1,771.9 1,771.3
8 Revolving home equity 159.0 162.6 168.0
9 Other 1,605.6 1,609.3 1,603.3
10 Consumer 559.2 561.4 559.1
11 Security (3) 76.3 78.3 82.1
12 Other loans and leases 356.9 348.5 341.6
13 Interbank loans 267.4 256.5 247.1
14 Cash assets (4) 260.1 257.0 257.8
15 Other assets (5) 451.3 453.6 435.6
16 Total assets (6)
5,750.3 5,740.4 5,702.2
Liabilities
17 Deposits 3,789.2 3,797.9 3,823.6
18 Transaction 324.7 614.6 611.1
19 Nontransaction 3,164.5 3,183.2 3,212.5
20 Large time 544.9 552.6 552.0
21 Other 2,619.6 2,630.6 2,660.5
22 Borrowings 1,049.9 1,042.8 1,017.1
23 From banks in the U.S. 390.2 383.1 371.7
24 From others 659.7 657.5 645.4
25 Net due to related foreign offices 181.2 171.0 173.6
26 Other liabilities 262.4 258.7 240.3
27 Total liabilities 5,282.7 5,270.3 5,254.6
28 Residual (assets less
liabilities) (7) 467.6 470.1 447.6
Not seasonally adjusted
Assets
29 Bank credit 4,857.1 4,848.5 4,830.2
30 Securities in bank credit 1,263.1 1,258.2 1,257.3
31 U.S. government securities 771.7 769.4 783.0
32 Other securities 491.4 488.8 474.3
33 Loans and leases in bank credit (2) 3,594.0 3,590.3 3,572.9
34 Commercial and industrial 828.1 833.9 830.5
35 Real estate 1,763.9 1,766.8 1,763.8
36 Revolving home equity 158.8 162.5 166.5
37 Other 1,605.1 1,604.2 1,597.3
38 Consumer 567.0 563.7 556.4
39 Credit cards and related plans 228.3 223.8 220.1
40 Other 338.7 339.9 336.2
41 Security (3) 76.1 77.6 82.0
42 Other loans and leases 359.0 348.3 340.3
43 Interbank loans 265.5 255.2 252.0
44 Cash assets (4) 270.9 257.4 249.0
45 Other assets (5) 452.1 452.0 434.2
46 Total assets (6) 5,771.8 5,738.8 5,691.0
Liabilities
47 Deposits 3,804.4 3,808.4 3,826.8
48 Transaction 637.4 609.3 606.3
49 Nontransaction 3,167.0 3,199.1 3,220.4
50 Large time 547.4 554.6 550.5
51 Other 2,619.6 2,644.6 2,669.9
52 Borrowings 1,063.4 1,046.0 1,015.5
53 From banks in the U.S. 395.5 388.3 376.1
54 From others 667.9 657.7 639.4
55 Net due to related foreign offices 185.5 174.7 172.1
56 Other liabilities 266.8 262.6 239.0
57 Total liabilities 5,320.1 5,291.8 5,253.4
58 Residual (assets less
liabilities) (7) 451.7 447.0 437.7
Monthly averages
Account 2002
Apr. (r) May
Seasonally adjusted
Assets
1 Bank credit 4,853.4 4,911.4
2 Securities in bank credit 1,273.3 1,304.4
3 U.S. government securities 798.4 820.5
4 Other securities 474.9 483.9
5 Loans and leases in bank credit (2) 3,580.1 3,607.1
6 Commercial and industrial 819.0 816.7
7 Real estate 1,773.5 1,792.6
8 Revolving home equity 172.3 179.4
9 Other 1,601.1 1,613.2
10 Consumer 563.3 566.2
11 Security (3) 83.7 89.8
12 Other loans and leases 340.6 341.8
13 Interbank loans 246.3 262.2
14 Cash assets (4) 254.8 255.3
15 Other assets (5) 447.2 453.3
16 Total assets (6)
5,727.8 5,807.9
Liabilities
17 Deposits 3,826.8 3,858.6
18 Transaction 592.5 604.4
19 Nontransaction 3,234.3 3,254.1
20 Large time 548.5 554.1
21 Other 2,685.8 2,700.0
22 Borrowings 1,028.9 1,055.1
23 From banks in the U.S. 369.8 371.4
24 From others 659.1 683.8
25 Net due to related foreign offices 178.3 180.6
26 Other liabilities 251.2 259.9
27 Total liabilities 5,285.2 5,354.2
28 Residual (assets less
liabilities) (7) 442.7 453.8
Not seasonally
adjusted
Assets
29 Bank credit 4,850.2 4,909.2
30 Securities in bank credit 1,272.7 1,301.6
31 U.S. government securities 800.2 818.1
32 Other securities 472.5 483.4
33 Loans and leases in bank credit (2) 3,577.6 3,607.7
34 Commercial and industrial 824.4 822.6
35 Real estate 1,770.2 1,795.2
36 Revolving home equity 171.7 179.7
37 Other 1,598.5 1,615.5
38 Consumer 559.9 564.4
39 Credit cards and related plans 223.8 223.3
40 Other 336.1 341.1
41 Security (3) 82.2 84.5
42 Other loans and leases 340.9 340.9
43 Interbank loans 256.1 258.7
44 Cash assets (4) 255.9 254.0
45 Other assets (5) 447.8 452.9
46 Total assets (6) 5,736.4 5,800.6
Liabilities
47 Deposits 3,847.2 3,846.4
48 Transaction 601.5 596.7
49 Nontransaction 3,245.7 3,249.6
50 Large time 546.8 552.3
51 Other 2,698.9 2,697.4
52 Borrowings 1,035.3 1,061.5
53 From banks in the U.S. 375.0 372.6
54 From others 660.3 688.9
55 Net due to related foreign offices 171.5 180.2
56 Other liabilities 244.5 259.4
57 Total liabilities 5,298.5 5,347.5
58 Residual (assets less
liabilities) (7) 437.9 453.2
Wednesday figures
Account 2002
May 8 May 15
Seasonally adjusted
Assets
1 Bank credit 4,887.9 4,916.8
2 Securities in bank credit 1,284.3 1,302.5
3 U.S. government securities 808.7 820.2
4 Other securities 475.7 482.3
5 Loans and leases in bank credit (2) 3,603.6 3,614.3
6 Commercial and industrial 814.7 815.9
7 Real estate 1,792.9 1,793.4
8 Revolving home equity 177.6 178.9
9 Other 1,615.3 1,614.5
10 Consumer 564.9 566.8
11 Security (3) 89.0 94.1
12 Other loans and leases 342.1 344.0
13 Interbank loans 252.8 277.8
14 Cash assets (4) 248.8 255.1
15 Other assets (5) 450.2 444.6
16 Total assets (6)
5,765.5 5,820.1
Liabilities
17 Deposits 3,845.2 3,880.4
18 Transaction 576.9 603.8
19 Nontransaction 3,268.3 3,276.7
20 Large time 554.6 558.7
21 Other 2,713.7 2,718.0
22 Borrowings 1,029.2 1,049.0
23 From banks in the U.S. 365.9 375.5
24 From others 663.3 673.5
25 Net due to related foreign offices 180.4 169.4
26 Other liabilities 261.8 264.7
27 Total liabilities 5,316.6 5,363.5
28 Residual (assets less
liabilities) (7) 448.9 456.5
Not seasonally
adjusted
Assets
29 Bank credit 4,889.6 4,915.0
30 Securities in bank credit 1,282.5 1,299.6
31 U.S. government securities 806.0 817.8
32 Other securities 476.5 481.7
33 Loans and leases in bank credit (2) 3,607.1 3,615.4
34 Commercial and industrial 823.4 822.0
35 Real estate 1,795.3 1,797.3
36 Revolving home equity 178.0 179.4
37 Other 1,617.3 1,617.9
38 Consumer 562.8 565.5
39 Credit cards and related plans 222.0 224.3
40 Other 340.9 341.3
41 Security (3) 83.8 87.7
42 Other loans and leases 341.8 342.9
43 Interbank loans 251.9 273.7
44 Cash assets (4) 242.2 251.2
45 Other assets (5) 453.7 446.4
46 Total assets (6) 5,763.2 5,812.0
Liabilities
47 Deposits 3,840.3 3,868.6
48 Transaction 565.1 595.5
49 Nontransaction 3,275.2 3,273.1
50 Large time 553.0 556.0
51 Other 2,722.2 2,717.2
52 Borrowings 1,045.9 1,058.2
53 From banks in the U.S. 371.0 377.9
54 From others 674.9 680.3
55 Net due to related foreign offices 176.9 167.9
56 Other liabilities 258.5 263.1
57 Total liabilities 5,321.6 5,357.9
58 Residual (assets less
liabilities) (7) 441.6 454.2
Wednesday figures
Account 2002
May 22 May 29
Seasonally adjusted
Assets
1 Bank credit 4,917.3 4,924.3
2 Securities in bank credit 1,314.4 1,313.9
3 U.S. government securities 824.2 825.5
4 Other securities 490.2 488.4
5 Loans and leases in bank credit (2) 3,602.9 3,610.4
6 Commercial and industrial 817.4 818.4
7 Real estate 1,791.8 1,792.9
8 Revolving home equity 179.6 180.9
9 Other 1,612.2 1,612.0
10 Consumer 565.3 569.2
11 Security (3) 88.1 89.3
12 Other loans and leases 340.3 340.5
13 Interbank loans 261.8 257.3
14 Cash assets (4) 249.7 268.4
15 Other assets (5) 459.3 459.0
16 Total assets (6)
5,813.9 5,834.9
Liabilities
17 Deposits 3,852.5 3,857.5
18 Transaction 614.7 634.6
19 Nontransaction 3,237.8 3,223.0
20 Large time 554.4 553.2
21 Other 2,683.5 2,669.8
22 Borrowings 1,060.4 1,077.6
23 From banks in the U.S. 371.3 371.3
24 From others 689.2 706.4
25 Net due to related foreign offices 180.5 194.2
26 Other liabilities 264.3 250.5
27 Total liabilities 5,357.8 5,379.8
28 Residual (assets less
liabilities) (7) 456.1 455.1
Not seasonally
adjusted
Assets
29 Bank credit 4,911.4 4,918.9
30 Securities in bank credit 1,310.4 1,310.2
31 U.S. government securities 821.6 822.6
32 Other securities 488.7 487.6
33 Loans and leases in bank credit (2) 3,601.1 3,608.7
34 Commercial and industrial 822.6 822.4
35 Real estate 1,794.3 1,795.0
36 Revolving home equity 180.0 181.1
37 Other 1,614.3 1,613.9
38 Consumer 564.0 567.2
39 Credit cards and related plans 222.5 225.7
40 Other 341.6 341.4
41 Security (3) 82.1 84.3
42 Other loans and leases 338.1 339.9
43 Interbank loans 252.3 253.8
44 Cash assets (4) 234.6 286.3
45 Other assets (5) 455.3 455.8
46 Total assets (6) 5,779.5 5,840.6
Liabilities
47 Deposits 3,817.9 3,850.2
48 Transaction 591.5 641.1
49 Nontransaction 3,226.4 3,209.2
50 Large time 552.4 551.4
51 Other 2,674.0 2,657.8
52 Borrowings 1,058.9 1,078.5
53 From banks in the U.S. 369.9 370.1
54 From others 688.9 708.4
55 Net due to related foreign offices 181.3 197.3
56 Other liabilities 264.9 253.1
57 Total liabilities 5,323.0 5,379.1
58 Residual (assets less
liabilities) (7) 456.5 461.5
C. Large domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 2001
May
Seasonally
adjusted
Assets
1 Bank credit 2,633.0 (r)
2 Securities in bank credit 610.6
3 U.S. government securities 357.0
4 Trading account 35.3
5 Investment account 321.7
6 Other securities 253.5
7 Trading account 136.4
8 Investment account 117.2
9 State and local government 28.0
10 Other 89.2
11 Loans and leases in bank credit (2) 2,022.4 (r)
12 Commercial and industrial 583.0
13 Bankers acceptances .8
14 Other 582.2
15 Real estate 853.8 (r)
16 Revolving home equity 86.8
17 Other 767.0
18 Consumer 252.3
19 Security (3) 66.1
20 Federal funds sold to and
repurchase agreements
with broker-dealers 48.9
21 Other 17.2
22 State and local government 13.0
23 Agricultural 10.6
24 Federal funds sold to and
repurchase agreements with
others 25.7
25 All other loans 84.9
26 Lease-financing receivables 133.0
27 Interbank loans 136.8
28 Federal funds sold to and
repurchase agreements with
commercial banks 74.7
29 Other 62.1
30 Cash assets (4) 141.3
31 Other assets (5) 283.0 (r)
32 Total assets (6) 3,156.2 (r)
Liabilities
33 Deposits 1,736.4
34 Transaction 304.2
35 Nontransaction 1,432.2
36 Large time 270.7
37 Other 1,161.5
38 Borrowings 692.8
39 From banks in the U.S. 221.4
40 From others 471.5
41 Net due to related foreign offices 198.0
42 Other liabilities 211.8 (r)
43 Total liabilities 2,839.0 (r)
44 Residual (assets less 317.2 (r)
liabilities) (7)
Not seasonally
adjusted
Assets
45 Bank credit 2,632.5 (r)
46 Securities in bank credit 608.8
47 U.S. government securities 355.7
48 Trading account 35.2
49 Investment account 320.5
50 Mortgage-backed securities 234.3
51 Other 86.2
52 One year or less 27.1
53 One to five years 31.4
54 More than five years 27.6
55 Other securities 253.1
56 Trading account 136.2
57 Investment account 117.0
58 State and local government 28.0
59 Other 89.0
60 Loans and leases in bank credit (2) 2,023.7 (r)
61 Commercial and industrial 586.9 (r)
62 Bankers acceptances 8.0
63 Other 586.2
64 Real estate 857.3 (r)
65 Revolving home equity 87.2 (r)
66 Other 469.2
67 Commercial 300.9
68 Consumer 253.0
69 Credit cards and related plans 87.0
70 Other 166.0
71 Security (3) 62.0
72 Federal funds sold to and
repurchase agreements
with broker-dealers 45.8
73 Other 16.2
74 State and local government 13.0
75 Agricultural 10.6
76 Federal funds sold to and
repurchase agreements
with others 23.8
77 All other loans 84.1
78 Lease-financing receivables 133.0
79 Interbank loans 137.7
80 Federal funds sold to and
repurchase agreements
with commercial banks 75.2
81 Other 62.5
82 Cash assets (4) 140.8
83 Other assets (5) 282.7 (r)
84 Total assets (6) 3,155.8 (r)
Liabilities
85 Deposits 1,731.1
86 Transaction 301.4
87 Nontransaction 1,429.7
88 Large time 268.7
89 Other 1,161.0
90 Borrowings 699.6
91 From banks in the U.S 222.8
92 From nonbanks in the U.S. 476.9
93 Net due to related foreign offices 197.5
94 Other liabilities 211.2 (r)
95 Total liabilities 2,839.5 (r)
96 Residual (assets less 316.3 (r)
liabilities) (7)
Monthly averages
Account 2001
Nov. (r) Dec. (r)
Seasonally adjusted
Assets
1 Bank credit 2,640.2 2,607.0
2 Securities in bank credit 652.6 636.8
3 U.S. government securities 370.8 379.4
4 Trading account 40.5 33.9
5 Investment account 330.3 345.5
6 Other securities 281.8 257.5
7 Trading account 165.4 130.0
8 Investment account 116.4 127.5
9 State and local government 27.1 27.3
10 Other 89.3 100.2
11 Loans and leases in bank credit (2) 1,987.6 1,970.2
12 Commercial and industrial 545.8 535.6
13 Bankers acceptances 0.0 0.0
14 Other 545.8 535.6
15 Real estate 858.0 860.2
16 Revolving home equity 96.5 98.0
17 Other 761.5 762.1
18 Consumer 244.7 244.7
19 Security (3) 69.1 63.3
20 Federal funds sold to and
repurchase agreements
with broker-dealers 54.5 48.4
21 Other 14.6 14.9
22 State and local government 15.7 15.0
23 Agricultural 9.8 9.7
24 Federal funds sold to and
repurchase agreements with
others 30.3 28.1
25 All other loans 78.2 79.6
26 Lease-financing receivables 135.9 134.1
27 Interbank loans 152.5 167.0
28 Federal funds sold to and
repurchase agreements with
commercial banks 90.0 96.9
29 Other 62.5 70.1
30 Cash assets (4) 149.6 147.3
31 Other assets (5) 322.4 315.1
32 Total assets (6) 3,224.9 3,195.1
Liabilities
33 Deposits 1,792.4 1,801.4
34 Transaction 320.4 323.2
35 Nontransaction 1,472.0 1,478.2
36 Large time 253.5 248.3
37 Other 1,218.5 1,229.9
38 Borrowings 663.8 659.7
39 From banks in the U.S. 219.7 218.8
40 From others 444.1 440.9
41 Net due to related foreign offices 178.8 182.9
42 Other liabilities 257.8 213.3
43 Total liabilities 2,892.9 2,857.3
44 Residual (assets less 331.9 337.8
liabilities) (7)
Not seasonally adjusted
Assets
45 Bank credit 2,647.8 (r) 2,620.1
46 Securities in bank credit 656.4 (r) 641.8
47 U.S. government securities 371.7 (r) 381.8
48 Trading account 40.6 34.1
49 Investment account 331.0 (r) 347.6
50 Mortgage-backed securities 270.8 284.7
51 Other 60.3 (r) 62.9
52 One year or less 15.0 (r) 14.7
53 One to five years 30.4 35.3
54 More than five years 14.8 12.9
55 Other securities 284.8 (r) 260.0
56 Trading account 167.1 131.2
57 Investment account 117.6 (r) 128.7
58 State and local government 27.4 27.6
59 Other 90.2 (r) 101.2
60 Loans and leases in bank credit (2) 1,991.4 (r) 1,978.4
61 Commercial and industrial 546.7 (r) 533.6
62 Bankers acceptances .0 .0
63 Other 546.7 (r) 533.6
64 Real estate 859.8 (r) 861.9
65 Revolving home equity 96.6 (r) 97.7
66 Other 451.2 (r) 453.5
67 Commercial 312.0 (r) 310.7
68 Consumer 243.5 (r) 247.7
69 Credit cards and related plans 76.5 80.1
70 Other 167.0 (r) 167.6
71 Security (3) 71.0 65.5
72 Federal funds sold to and
repurchase agreements
with broker-dealers 56.0 50.0
73 Other 15.1 15.4
74 State and local government 15.7 15.0
75 Agricultural 9.7 (r) 9.6
76 Federal funds sold to and
repurchase agreements
with others 30.6 28.9
77 All other loans 78.7 (r) 81.6
78 Lease-financing receivables 135.6 134.6
79 Interbank loans 154.1 170.8
80 Federal funds sold to and
repurchase agreements
with commercial banks 90.9 (r) 99.1
81 Other 63.1 71.7
82 Cash assets (4) 152.7 158.4
83 Other assets (5) 323.8 (r) 317.4
84 Total assets (6) 3,238.5 (r) 3,225.2
Liabilities
85 Deposits 1,801.4 1,819.1
86 Transaction 323.9 341.1
87 Nontransaction 1,477.5 1,478.0
88 Large time 256.9 251.3
89 Other 1,220.6 1,226.7
90 Borrowings 666.6 659.7
91 From banks in the U.S 216.9 220.4
92 From nonbanks in the U.S. 449.7 439.2
93 Net due to related foreign offices 183.5 186.8
94 Other liabilities 264.1 (r) 217.8
95 Total liabilities 2,915.6 (r) 2,883.4
96 Residual (assets less 322.9 341.8
liabilities) (7)
Monthly averages
Account 2002
Jan. Feb
Seasonally adjusted
Assets
1 Bank credit 2,575.0 (r) 2,573.1 (r)
2 Securities in bank credit 634.4 (r) 629.5 (r)
3 U.S. government securities 366.7 (r) 359.4 (r)
4 Trading account 32.6 33.6
5 Investment account 334.1 (r) 325.8 (r)
6 Other securities 267.7 (r) 270.1 (r)
7 Trading account 128.4 130.0
8 Investment account 139.3 (r) 140.1 (r)
9 State and local government 27.3 27.8
10 Other 112.0 (r) 112.3 (r)
11 Loans and leases in bank credit (2) 1,940.6 1,943.7
12 Commercial and industrial 528.6 529.9
13 Bankers acceptances .0 .0
14 Other 528.6 529.9
15 Real estate 847.9 (r) 848.8 (r)
16 Revolving home equity 99.8 (r) 101.5 (r)
17 Other 748.1 747.3
18 Consumer 238.1 (r) 245.7 (r)
19 Security (3) 68.3 70.3
20 Federal funds sold to and
repurchase agreements
with broker-dealers 54.9 57.4
21 Other 13.4 12.9
22 State and local government 14.6 14.6
23 Agricultural 9.6 9.7
24 Federal funds sold to and
repurchase agreements with
others 26.2 22.6
25 All other loans 75.3 70.3
26 Lease-financing receivables 132.1 131.9
27 Interbank loans 168.5 153.0
28 Federal funds sold to and
repurchase agreements with
commercial banks 92.1 79.7
29 Other 76.4 73.3
30 Cash assets (4) 146.2 143.3 (r)
31 Other assets (5) 312.3 (r) 306.9 (r)
32 Total assets (6) 3,158.7 (r) 3,132.5 (r)
Liabilities
33 Deposits 1,791.1 1,789.2
34 Transaction 316.1 308.2
35 Nontransaction 1,474.9 (r) 1,481.0
36 Large time 242.1 249.8
37 Other 1,232.9 1,231.2
38 Borrowings 654.3 654.2
39 From banks in the U.S. 212.9 207.9
40 From others 441.4 446.2
41 Net due to related foreign offices 172.3 (r) 160.0 (r)
42 Other liabilities 193.8 (r) 187.7 (r)
43 Total liabilities 2,811.5 (r) 2,791.1 (r)
44 Residual (assets less 347.3 (r) 341.5
liabilities) (7)
Not seasonally adjusted
Assets
45 Bank credit 2,584.7 (r) 2,578.0 (r)
46 Securities in bank credit 641.3 (r) 635.2 (r)
47 U.S. government securities 370.7 (r) 364.7 (r)
48 Trading account 32.9 34.1
49 Investment account 337.8 (r) 330.6 (r)
50 Mortgage-backed securities 273.9 258.8
51 Other 63.9 (r) 71.8 (r)
52 One year or less 13.7 (r) 16.6 (r)
53 One to five years 36.8 43.1
54 More than five years 13.4 12.1
55 Other securities 270.6 (r) 270.5 (r)
56 Trading account 129.8 130.2
57 Investment account 140.8 (r) 140.4 (r)
58 State and local government 27.6 27.8
59 Other 113.2 (r) 112.5 (r)
60 Loans and leases in bank credit (2) 1,943.4 1,942.7
61 Commercial and industrial 524.4 528.7
62 Bankers acceptances .0 .0
63 Other 524.4 528.7
64 Real estate 847.4 (r) 845.6 (r)
65 Revolving home equity 99.4 (r) 101.7 (r)
66 Other 440.2 436.3
67 Commercial 307.8 307.7 (r)
68 Consumer 242.0 (r) 248.1 (r)
69 Credit cards and related plans 71.5 76.6
70 Other 170.5 (r) 171.5 (r)
71 Security (3) 68.4 69.6
72 Federal funds sold to and
repurchase agreements
with broker-dealers 55.0 56.8
73 Other 13.4 12.8
74 State and local government 14.6 14.6
75 Agricultural 9.6 9.5
76 Federal funds sold to and
repurchase agreements
with others 27.8 24.0
77 All other loans 75.0 69.3
78 Lease-financing receivables 134.2 133.4
79 Interbank loans 167.9 151.2 (r)
80 Federal funds sold to and
repurchase agreements
with commercial banks 91.8 78.8
81 Other 76.1 72.5
82 Cash assets (4) 154.5 144.0
83 Other assets (5) 313.1 (r) 305.3 (r)
84 Total assets (6) 3,177.1 (r) 3,134.6 (r)
Liabilities
85 Deposits 1,796.0 1,795.7
86 Transaction 324.8 304.9
87 Nontransaction 1,471.2 (r) 1,490.8 (r)
88 Large time 244.5 251.7
89 Other 1,226.7 (r) 1,239.1
90 Borrowings 667.8 657.4
91 From banks in the U.S 218.2 213.2
92 From nonbanks in the U.S. 449.6 444.3
93 Net due to related foreign offices 176.5 (r) 163.8 (r)
94 Other liabilities 198.3 (r) 191.6 (r)
95 Total liabilities 2,838.6 (r) 2,808.5 (r)
96 Residual (assets less 338.5 (r) 326.0 (r)
liabilities) (7)
Monthly averages
Account 2002
Mar. Apr.
Seasonally adjusted
Assets
1 Bank credit 2,554.1 (r) 2,558.8 (r)
2 Securities in bank credit 627.6 (r) 645.9 (r)
3 U.S. government securities 367.2 (r) 383.3
4 Trading account 32.7 38.1
5 Investment account 334.4 (r) 345.1
6 Other securities 260.4 (r) 262.7 (r)
7 Trading account 122.5 128.2
8 Investment account 137.9 (r) 134.5 (r)
9 State and local government 27.7 27.2
10 Other 110.2 (r) 107.3 (r)
11 Loans and leases in bank credit (2) 1,926.6 1,912.9
12 Commercial and industrial 524.7 (r) 514.5
13 Bankers acceptances .0 .0
14 Other 524.7 (r) 514.5
15 Real estate 842.1 (r) 838.7 (r)
16 Revolving home equity 105.3 (r) 108.4 (r)
17 Other 736.8 730.3
18 Consumer 243.0 (r) 240.9 (r)
19 Security (3) 74.3 76.3
20 Federal funds sold to and
repurchase agreements
with broker-dealers 61.1 (r) 63.3
21 Other 13.1 13.0
22 State and local government 14.6 14.6
23 Agricultural 9.6 9.6
24 Federal funds sold to and
repurchase agreements with
others 20.9 21.9
25 All other loans 65.9 65.3
26 Lease-financing receivables 131.4 131.0
27 Interbank loans 145.8 (r) 154.1
28 Federal funds sold to and
repurchase agreements with
commercial banks 75.0 81.5
29 Other 70.8 72.6
30 Cash assets (4) 143.1 140.7 (r)
31 Other assets (5) 286.5 (r) 293.4 (r)
32 Total assets (6) 3,085.7 (r) 3,104.1 (r)
Liabilities
33 Deposits 1,800.4 1,804.7
34 Transaction 303.6 286.9
35 Nontransaction 1,496.8 1,517.8
36 Large time 248.9 245.3
37 Other 1,247.9 1,272.5
38 Borrowings 635.6 645.1
39 From banks in the U.S. 201.7 203.0
40 From others 433.8 442.2
41 Net due to related foreign offices 164.6 (r) 168.7 (r)
42 Other liabilities 168.7 (r) 179.2 (r)
43 Total liabilities 2,769.3 (r) 2,797.8 (r)
44 Residual (assets less 316.4 306.3 (r)
liabilities) (7)
Not seasonally adjusted
Assets
45 Bank credit 2,553.1 (r) 2,558.4 (r)
46 Securities in bank credit 631.0 (r) 644.0 (r)
47 U.S. government securities 371.2 (r) 383.8
48 Trading account 33.1 38.2
49 Investment account 338.1 (r) 345.6
50 Mortgage-backed securities 263.3 271.0
51 Other 74.7 (r) 74.6
52 One year or less 19.6 (r) 18.3
53 One to five years 42.9 43.5
54 More than five years 12.2 12.7
55 Other securities 259.8 (r) 260.2 (r)
56 Trading account 122.2 127.0
57 Investment account 137.6 (r) 133.3 (r)
58 State and local government 27.6 27.0
59 Other 110.0 (r) 106.3 (r)
60 Loans and leases in bank credit (2) 1,922.1 1,914.4
61 Commercial and industrial 525.2 518.0
62 Bankers acceptances .0 .0
63 Other 525.2 518.0
64 Real estate 837.5 (r) 837.5 (r)
65 Revolving home equity 104.3 (r) 108.0 (r)
66 Other 426.0 421.6
67 Commercial 307.1 307.9
68 Consumer 243.2 (r) 241.3 (r)
69 Credit cards and related plans 74.8 72.8
70 Other 168.4 (r) 168.5 (r)
71 Security (3) 74.0 74.6
72 Federal funds sold to and
repurchase agreements
with broker-dealers 60.9 61.8
73 Other 13.1 12.8
74 State and local government 14.6 14.6
75 Agricultural 9.5 9.5
76 Federal funds sold to and
repurchase agreements
with others 20.9 21.9
77 All other loans 65.1 65.4
78 Lease-financing receivables 132.3 131.6
79 Interbank loans 146.0 157.9
80 Federal funds sold to and
repurchase agreements
with commercial banks 75.1 83.6
81 Other 70.9 74.3
82 Cash assets (4) 138.1 143.3
83 Other assets (5) 285.1 (r) 294.1 (r)
84 Total assets (6) 3,078.4 (r) 3,111.0 (r)
Liabilities
85 Deposits 1,799.0 1,812.2
86 Transaction 300.6 294.2
87 Nontransaction 1,498.4 1,518.0
88 Large time 247.4 243.6
89 Other 1,251.0 1,274.3 (r)
90 Borrowings 634.0 651.5
91 From banks in the U.S 206.2 208.2
92 From nonbanks in the U.S. 427.8 443.3
93 Net due to related foreign offices 163.1 (r) 161.9 (r)
94 Other liabilities 167.4 (r) 172.5 (r)
95 Total liabilities 2,763.5 (r) 2,798.2 (r)
96 Residual (assets less 314.9 (r) 312.9
liabilities) (7)
Monthly averages
Account 2002
May
Seasonally
adjusted
Assets
1 Bank credit 2,576.4
2 Securities in bank credit 665.0
3 U.S. government securities 390.5
4 Trading account 43.0
5 Investment account 347.5
6 Other securities 274.5
7 Trading account 140.5
8 Investment account 134.0
9 State and local government 26.9
10 Other 107.0
11 Loans and leases in bank credit (2) 1,911.5
12 Commercial and industrial 510.7
13 Bankers acceptances .0
14 Other 510.7
15 Real estate 837.0
16 Revolving home equity 111.8
17 Other 725.2
18 Consumer 240.9
19 Security (3) 82.2
20 Federal funds sold to and
repurchase agreements
with broker-dealers 69.1
21 Other 13.1
22 State and local government 14.6
23 Agricultural 9.6
24 Federal funds sold to and
repurchase agreements with
others 18.6
25 All other loans 67.0
26 Lease-financing receivables 131.0
27 Interbank loans 163.5
28 Federal funds sold to and
repurchase agreements with
commercial banks 81.4
29 Other 82.1
30 Cash assets (4) 141.4
31 Other assets (5) 297.1
32 Total assets (6) 3,135.4
Liabilities
33 Deposits 1,800.2
34 Transaction 288.5
35 Nontransaction 1,511.7
36 Large time 246.7
37 Other 1,264.9
38 Borrowings 663.5
39 From banks in the U.S. 204.0
40 From others 459.5
41 Net due to related foreign offices 169.1
42 Other liabilities 185.6
43 Total liabilities 2,818.4
44 Residual (assets less 317.0
liabilities) (7)
Not seasonally
adjusted
Assets
45 Bank credit 2,576.3
46 Securities in bank credit 663.0
47 U.S. government securities 389.0
48 Trading account 42.8
49 Investment account 346.2
50 Mortgage-backed securities 275.2
51 Other 71.0
52 One year or less 16.0
53 One to five years 42.3
54 More than five years 12.7
55 Other securities 274.0
56 Trading account 140.2
57 Investment account 133.8
58 State and local government 26.9
59 Other 106.9
60 Loans and leases in bank credit (2) 1,913.4
61 Commercial and industrial 514.2
62 Bankers acceptances .0
63 Other 514.2
64 Real estate 840.4
65 Revolving home equity 112.3
66 Other 419.4
67 Commercial 308.8
68 Consumer 241.5
69 Credit cards and related plans 72.8
70 Other 168.7
71 Security (3) 77.0
72 Federal funds sold to and
repurchase agreements
with broker-dealers 64.8
73 Other 12.3
74 State and local government 14.6
75 Agricultural 9.6
76 Federal funds sold to and
repurchase agreements
with others 18.6
77 All other loans 66.4
78 Lease-financing receivables 131.0
79 Interbank loans 164.6
80 Federal funds sold to and
repurchase agreements
with commercial banks 81.9
81 Other 82.7
82 Cash assets (4) 140.9
83 Other assets (5) 296.7
84 Total assets (6) 3,135.6
Liabilities
85 Deposits 1,794.7
86 Transaction 285.6
87 Nontransaction 1,509.1
88 Large time 244.9
89 Other 1,264.2
90 Borrowings 669.9
91 From banks in the U.S 205.3
92 From nonbanks in the U.S. 464.6
93 Net due to related foreign offices 168.7
94 Other liabilities 185.1
95 Total liabilities 2,818.5
96 Residual (assets less 317.1
liabilities) (7)
Wednesday figures
Account 2002
May 8 May 15
Seasonally adjusted
Assets
1 Bank credit 2,558.4 2,581.8
2 Securities in bank credit 646.3 664.1
3 U.S. government securities 381.8 390.8
4 Trading account 37.2 47.2
5 Investment account 344.6 343.6
6 Other securities 264.5 273.3
7 Trading account 131.3 138.5
8 Investment account 133.2 134.8
9 State and local government 26.7 26.8
10 Other 106.5 108.0
11 Loans and leases in bank credit (2) 1,912.1 1,917.7
12 Commercial and industrial 509.6 510.4
13 Bankers acceptances n.a. n.a.
14 Other 509.6 510.4
15 Real estate 838.5 837.4
16 Revolving home equity 110.5 111.6
17 Other 728.0 725.8
18 Consumer 240.5 241.1
19 Security (3) 81.6 86.3
20 Federal funds sold to and
repurchase agreements
with broker-dealers 68.2 73.3
21 Other 13.4 13.0
22 State and local government 14.6 14.5
23 Agricultural 9.5 9.5
24 Federal funds sold to and
repurchase agreements with
others 20.4 18.4
25 All other loans 66.3 68.8
26 Lease-financing receivables 131.1 131.4
27 Interbank loans 158.9 175.5
28 Federal funds sold to and
repurchase agreements with
commercial banks 80.1 92.2
29 Other 78.8 83.3
30 Cash assets (4) 136.8 140.2
31 Other assets (5) 294.0 291.1
32 Total assets (6) 3,105.0 3,145.6
Liabilities
33 Deposits 1,795.0 1,818.3
34 Transaction 273.3 289.1
35 Nontransaction 1,521.7 1,529.2
36 Large time 245.7 251.8
37 Other 1,276.0 1,277.4
38 Borrowings 640.2 660.8
39 From banks in the U.S. 201.3 208.9
40 From others 438.9 451.8
41 Net due to related foreign offices 168.7 159.2
42 Other liabilities 188.5 190.1
43 Total liabilities 2,792.4 2,828.3
44 Residual (assets less 312.5 317.2
liabilities) (7)
Not seasonally
adjusted
Assets
45 Bank credit 2,561.6 2,581.1
46 Securities in bank credit 644.6 661.9
47 U.S. government securities 379.3 389.1
48 Trading account 36.9 47.0
49 Investment account 342.3 342.1
50 Mortgage-backed securities 273.1 272.0
51 Other 69.3 70.1
52 One year or less 17.4 17.0
53 One to five years 39.3 41.1
54 More than five years 12.5 12.0
55 Other securities 265.3 272.7
56 Trading account 131.7 138.2
57 Investment account 133.6 134.5
58 State and local government 26.8 26.8
59 Other 106.8 107.8
60 Loans and leases in bank credit (2) 1,917.0 1,919.2
61 Commercial and industrial 515.4 513.9
62 Bankers acceptances n.a. n.a.
63 Other 515.4 513.9
64 Real estate 842.3 841.9
65 Revolving home equity 111.0 112.1
66 Other 422.8 421.1
67 Commercial 308.4 308.7
68 Consumer 241.2 241.7
69 Credit cards and related plans 72.7 73.0
70 Other 168.5 168.7
71 Security (3) 76.4 80.1
72 Federal funds sold to and
repurchase agreements
with broker-dealers 63.9 68.0
73 Other 12.6 12.1
74 State and local government 14.6 14.5
75 Agricultural 9.5 9.5
76 Federal funds sold to and
repurchase agreements
with others 20.4 18.4
77 All other loans 65.7 67.8
78 Lease-financing receivables 131.5 131.4
79 Interbank loans 158.2 176.7
80 Federal funds sold to and
repurchase agreements
with commercial banks 79.7 92.8
81 Other 78.5 83.9
82 Cash assets (4) 132.8 138.6
83 Other assets (5) 297.5 292.9
84 Total assets (6) 3,107.0 3,146.2
Liabilities
85 Deposits 1,789.2 1,813.4
86 Transaction 266.2 287.1
87 Nontransaction 1,522.9 1,526.3
88 Large time 244.1 249.1
89 Other 1,278.9 1,277.2
90 Borrowings 656.9 670.0
91 From banks in the U.S 206.4 211.4
92 From nonbanks in the U.S. 450.5 458.6
93 Net due to related foreign offices 165.2 157.6
94 Other liabilities 185.2 188.6
95 Total liabilities 2,796.5 2,829.6
96 Residual (assets less 310.5 316.7
liabilities) (7)
Wednesday figures
Account 2002
May 22 May 29
Seasonally adjusted
Assets
1 Bank credit 2,581.0 2,583.0
2 Securities in bank credit 674.5 672.7
3 U.S. government securities 393.1 393.3
4 Trading account 45.4 43.2
5 Investment account 347.7 350.1
6 Other securities 281.3 279.4
7 Trading account 146.5 146.3
8 Investment account 134.9 133.1
9 State and local government 27.0 27.2
10 Other 107.9 105.9
11 Loans and leases in bank credit (2) 1,906.6 1,910.3
12 Commercial and industrial 510.6 512.0
13 Bankers acceptances n.a. n.a.
14 Other 510.6 512.0
15 Real estate 835.0 836.0
16 Revolving home equity 111.8 112.7
17 Other 723.2 723.3
18 Consumer 241.4 241.7
19 Security (3) 80.5 81.6
20 Federal funds sold to and
repurchase agreements
with broker-dealers 67.7 68.4
21 Other 12.8 13.2
22 State and local government 14.5 14.6
23 Agricultural 9.7 9.6
24 Federal funds sold to and
repurchase agreements with
others 17.6 17.4
25 All other loans 67.0 66.3
26 Lease-financing receivables 130.4 131.0
27 Interbank loans 163.7 157.0
28 Federal funds sold to and
repurchase agreements with
commercial banks 78.6 74.8
29 Other 85.1 82.3
30 Cash assets (4) 135.7 153.7
31 Other assets (5) 302.4 301.9
32 Total assets (6) 3,139.8 3,152.8
Liabilities
33 Deposits 1,794.3 1,794.0
34 Transaction 293.4 304.9
35 Nontransaction 1,501.0 1,489.1
36 Large time 247.5 245.6
37 Other 1,253.5 1,243.5
38 Borrowings 666.8 680.9
39 From banks in the U.S. 202.0 201.0
40 From others 464.8 480.0
41 Net due to related foreign offices 170.0 180.9
42 Other liabilities 189.6 176.0
43 Total liabilities 2,820.7 2,831.8
44 Residual (assets less 319.1 321.1
liabilities) (7)
Not seasonally
adjusted
Assets
45 Bank credit 2,576.9 2,581.1
46 Securities in bank credit 671.5 670.2
47 U.S. government securities 391.5 391.6
48 Trading account 45.2 43.0
49 Investment account 346.3 348.6
50 Mortgage-backed securities 275.1 277.7
51 Other 71.2 70.9
52 One year or less 15.7 14.3
53 One to five years 42.4 43.9
54 More than five years 13.1 12.7
55 Other securities 279.9 278.6
56 Trading account 145.7 145.9
57 Investment account 134.2 132.7
58 State and local government 26.8 27.1
59 Other 107.4 105.6
60 Loans and leases in bank credit (2) 1,905.4 1,910.9
61 Commercial and industrial 513.4 513.9
62 Bankers acceptances n.a. n.a.
63 Other 513.4 513.9
64 Real estate 837.7 838.9
65 Revolving home equity 112.4 113.2
66 Other 416.9 416.4
67 Commercial 308.4 309.3
68 Consumer 241.9 242.4
69 Credit cards and related plans 73.1 73.6
70 Other 168.9 168.8
71 Security (3) 74.8 76.8
72 Federal funds sold to and
repurchase agreements
with broker-dealers 62.9 64.4
73 Other 11.9 12.4
74 State and local government 14.5 14.6
75 Agricultural 9.7 9.7
76 Federal funds sold to and
repurchase agreements
with others 17.6 17.4
77 All other loans 65.4 66.4
78 Lease-financing receivables 130.3 130.7
79 Interbank loans 161.8 161.5
80 Federal funds sold to and
repurchase agreements
with commercial banks 77.7 76.9
81 Other 84.1 84.6
82 Cash assets (4) 126.0 165.0
83 Other assets (5) 298.4 298.7
84 Total assets (6) 3,120.3 3,163.5
Liabilities
85 Deposits 1,776.0 1,795.1
86 Transaction 281.2 311.6
87 Nontransaction 1,494.7 1,483.5
88 Large time 245.5 243.8
89 Other 1,249.2 1,239.7
90 Borrowings 665.3 681.8
91 From banks in the U.S 200.7 199.8
92 From nonbanks in the U.S. 464.6 482.0
93 Net due to related foreign offices 170.8 183.9
94 Other liabilities 190.2 178.6
95 Total liabilities 2,802.2 2,839.5
96 Residual (assets less 318.1 324.0
liabilities) (7)
D. Small domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 2001
May
Seasonally
adjusted
Assets
1 Bank credit 2,085.0
2 Securities in bank credit 547.8
3 U.S. government securities 346.0
4 Other securities 201.8
5 Loans and leases in bank credit (2) 1,537.2
6 Commercial and industrial 295.9
7 Real estate 832.3
8 Revolving home equity 48.4
9 Other 783.9
10 Consumer 300.1 (r)
11 Security (3) 8.2
12 Other loans and leases 100.6 (r)
13 Interbank loans 115.5 (r)
14 Cash assets (4) 103.3
15 Other assets (5) 104.3 (r)
16 Total assets (6) 2,380.4
Liabilities
17 Deposits 1,872.3
18 Transaction 296.6
19 Nontransaction 1,575.7
20 Large time 299.9 (r)
21 Other 1,275.9 (r)
22 Borrowings 336.3
23 From banks in the U.S. 150.0 (r)
24 From others 186.3 (r)
25 Net due to related foreign offices 16.6
26 Other liabilities 55.3
27 Total liabilities 2,280.5
28 Residual (assets less 99.9 (r)
liabilities) (7)
Not seasonally
adjusted
Assets
29 Bank credit 2,083.1
30 Securities in bank credit 547.2 (r)
31 U.S. government securities 345.3
32 Other securities 201.8
33 Loans and leases in bank credit (2) 1,536.0
34 Commercial and industrial 298.3
35 Real estate 831.6
36 Revolving home equity 48.3
37 Other 783.3
38 Consumer 297.9
39 Credit cards and related plans 132.2
40 Other 165.7 (r)
41 Security (3) 8.0
42 Other loans and leases 100.2 (r)
43 Interbank loans 110.0 (r)
44 Cash assets (4) 102.7 (r)
45 Other assets (5) 104.3 (r)
46 Total assets (6) 2,372.4
Liabilities
47 Deposits 1,866.0
48 Transaction 292.0
49 Nontransaction 1,574.0
50 Large time 299.9 (r)
51 Other 1,274.2 (r)
52 Borrowings 336.3
53 From banks in the U.S. 150.0 (r)
54 From others 186.3 (r)
55 Net due to related foreign offices 16.6
56 Other liabilities 55.3
57 Total liabilities 2,274.2
58 Residual (assets less
liabilities) (7) 98.2
Monthly averages
Account 2001
Nov. (r) Dec. (r)
Seasonally adjusted
Assets
1 Bank credit 2,219.5 2,248.7
2 Securities in bank credit 598.5 616.0
3 U.S. government securities 385.5 395.7
4 Other securities 213.1 220.3
5 Loans and leases in bank credit (2) 1,621.0 1,632.6
6 Commercial and industrial 301.4 304.0
7 Real estate 897.9 908.0
8 Revolving home equity 56.4 57.8
9 Other 841.5 850.2
10 Consumer 313.1 312.4
11 Security (3) 7.9 8.0
12 Other loans and leases 100.6 100.1
13 Interbank loans 108.7 105.7
14 Cash assets (4) 109.2 111.2
15 Other assets (5) 130.8 135.8
16 Total assets (6) 2,537.6 2,570.5
Liabilities
17 Deposits 1,974.8 1,997.4
18 Transaction 304.3 306.3
19 Nontransaction 1,670.5 1,691.1
20 Large time 311.8 305.4
21 Other 1,358.8 1,385.7
22 Borrowings 379.1 388.5
23 From banks in the U.S. 169.0 171.9
24 From others 210.1 216.5
25 Net due to related foreign offices 10.3 10.0
26 Other liabilities 65.0 64.8
27 Total liabilities 2,429.3 2,460.7
28 Residual (assets less 108.3 109.8
liabilities) (7)
Not seasoally adjusted
Assets
29 Bank credit 2,224.7 2,260.8
30 Securities in bank credit 598.4 618.5
31 U.S. government securities 385.3 398.2
32 Other securities 213.1 220.3
33 Loans and leases in bank credit (2) 1,626.3 1,642.3
34 Commercial and industrial 300.4 304.1
35 Real estate 900.6 910.6
36 Revolving home equity 56.8 58.2
37 Other 843.7 852.4
38 Consumer 316.8 318.8
39 Credit cards and related plans 149.2 152.3
40 Other 167.6 166.5
41 Security (3) 8.3 8.3
42 Other loans and leases 100.2 100.5
43 Interbank loans 110.7 108.2
44 Cash assets (4) 113.0 117.5
45 Other assets (5) 130.8 135.8
46 Total assets (6) 2,548.5 2,591.5
Liabilities
47 Deposits 1,981.5 2,018.0
48 Transaction 306.7 316.2
49 Nontransaction 1,674.8 1,701.8
50 Large time 311.8 305.4
51 Other 1,363.1 1,396.4
52 Borrowings 379.1 388.5
53 From banks in the U.S. 169.0 171.9
54 From others 210.1 216.5
55 Net due to related foreign offices 0.3 10.0
56 Other liabilities 65.0 64.8
57 Total liabilities 2,436.0 2,481.3
58 Residual (assets less
liabilities) (7) 112.5 110.2
Monthly averages
Account 2002
Jan. (r) Feb. (r) Mar. (r)
Seasonally adjusted
Assets
1 Bank credit 2,270.5 2,274.3 2,281.9
2 Securities in bank credit 620.7 621.3 624.1
3 U.S. government securities 399.9 403.0 409.6
4 Other securities 220.8 218.3 214.5
5 Loans and leases in bank credit (2) 1,649.8 1,653.0 1,657.9
6 Commercial and industrial 304.7 306.8 305.6
7 Real estate 916.8 923.1 929.2
8 Revolving home equity 59.2 61.0 62.7
9 Other 857.6 862.0 866.6
10 Consumer 321.2 315.7 316.1
11 Security (3) 8.0 8.1 7.8
12 Other loans and leases 99.2 99.4 99.1
13 Interbank loans 98.9 103.5 101.3
14 Cash assets (4) 113.9 113.7 114.7
15 Other assets (5) 139.1 146.7 149.1
16 Total assets (6) 2,591.5 2,607.8 2,616.5
Liabilities
17 Deposits 1,998.1 2,008.7 2,023.2
18 Transaction 308.6 306.4 307.5
19 Nontransaction 1,689.6 1,702.3 1,715.7
20 Large time 302.9 302.9 303.2
21 Other 1,386.7 1,399.4 1,412.6
22 Borrowings 395.6 388.6 381.5
23 From banks in the U.S. 177.3 175.1 170.0
24 From others 218.3 213.5 211.6
25 Net due to related foreign offices 9.0 10.9 9.0
26 Other liabilities 68.6 71.0 71.6
27 Total liabilities 2,471.2 2,479.2 2,485.3
28 Residual (assets less 120.3 128.6 131.2
liabilities) (7)
Not seasonally adjusted
Assets
29 Bank credit 2,272.4 2,270.6 2,277.1
30 Securities in bank credit 621.8 623.0 626.3
31 U.S. government securities 401.0 404.7 411.8
32 Other securities 220.8 218.3 214.5
33 Loans and leases in bank credit (2) 1,650.7 1,647.6 1,650.8
34 Commercial and industrial 303.7 305.3 305.3
35 Real estate 916.4 921.2 926.3
36 Revolving home equity 59.4 60.9 62.1
37 Other 857.1 860.3 864.2
38 Consumer 325.0 315.6 313.2
39 Credit cards and related plans 156.8 147.2 145.3
40 Other 168.2 168.5 167.8
41 Security (3) 7.8 8.0 8.0
42 Other loans and leases 97.7 97.5 98.0
43 Interbank loans 97.6 104.0 106.0
44 Cash assets (4) 116.4 113.4 110.9
45 Other assets (5) 139.1 146.7 149.1
46 Total assets (6) 2,594.7 2,604.3 2,612.6
Liabilities
47 Deposits 2,008.4 2,012.7 2,027.8
48 Transaction 312.7 304.4 305.7
49 Nontransaction 1,695.8 1,708.3 1,722.1
50 Large time 302.9 302.9 303.2
51 Other 1,392.9 1,405.4 1,418.9
52 Borrowings 395.6 388.6 381.5
53 From banks in the U.S. 177.3 175.1 170.0
54 From others 218.3 213.5 211.6
55 Net due to related foreign offices 9.0 10.9 9.0
56 Other liabilities 68.6 71.0 71.6
57 Total liabilities 2,481.5 2,483.2 2,489.9
58 Residual (assets less
liabilities) (7) 113.2 121.0 122.7
Monthly averages
Account 2002
Apr. (r) May
Seasonally adjusted
Assets
1 Bank credit 2,294.6 2,335.0
2 Securities in bank credit 627.4 639.4
3 U.S. government securities 415.1 430.0
4 Other securities 212.3 209.4
5 Loans and leases in bank credit (2) 1,667.2 1,695.6
6 Commercial and industrial 304.5 306.0
7 Real estate 934.7 955.6
8 Revolving home equity 63.9 67.6
9 Other 870.8 888.0
10 Consumer 322.4 325.3
11 Security (3) 7.4 7.7
12 Other loans and leases 98.2 101.1
13 Interbank loans 92.2 98.7
14 Cash assets (4) 114.2 113.8
15 Other assets (5) 153.7 156.2
16 Total assets (6) 2,623.7 2,672.5
Liabilities
17 Deposits 2,022.1 2,058.4
18 Transaction 305.6 315.9
19 Nontransaction 1,716.5 1,742.4
20 Large time 303.2 307.4
21 Other 1,413.3 1,435.1
22 Borrowings 383.7 391.6
23 From banks in the U.S. 166.8 167.4
24 From others 216.9 224.3
25 Net due to related foreign offices 9.6 11.5
26 Other liabilities 72.0 74.2
27 Total liabilities 2,487.4 2,535.7
28 Residual (assets less 136.3 136.8
liabilities) (7)
Not seasonally
adjusted
Assets
29 Bank credit 2,291.8 2,332.9
30 Securities in bank credit 628.6 638.6
31 U.S. government securities 416.4 429.2
32 Other securities 212.3 209.4
33 Loans and leases in bank credit (2) 1,663.2 1,694.3
34 Commercial and industrial 306.4 308.4
35 Real estate 932.6 954.8
36 Revolving home equity 63.7 67.4
37 Other 869.0 887.3
38 Consumer 318.6 322.9
39 Credit cards and related plans 150.9 150.5
40 Other 167.6 172.4
41 Security (3) 7.6 7.5
42 Other loans and leases 97.9 100.7
43 Interbank loans 98.2 94.0
44 Cash assets (4) 112.6 113.2
45 Other assets (5) 153.7 156.2
46 Total assets (6) 2,625.3 2,665.1
Liabilities
47 Deposits 2,035.1 2,051.6
48 Transaction 307.3 311.1
49 Nontransaction 1,727.8 1,740.5
50 Large time 303.2 307.4
51 Other 1,424.5 1,433.2
52 Borrowings 383.7 391.6
53 From banks in the U.S. 166.8 167.4
54 From others 216.9 224.3
55 Net due to related foreign offices 9.6 11.5
56 Other liabilities 72.0 74.2
57 Total liabilities 2,500.3 2,529.0
58 Residual (assets less
liabilities) (7) 125.0 136.1
Wednesday figures
Account 2002
May 8 May 15
Seasonally adjusted
Assets
1 Bank credit 2,329.6 2,335.0
2 Securities in bank credit 638.1 638.3
3 U.S. government securities 426.9 429.3
4 Other securities 211.2 209.0
5 Loans and leases in bank credit (2) 1,691.5 1,696.6
6 Commercial and industrial 305.2 305.6
7 Real estate 954.4 956.0
8 Revolving home equity 67.1 67.4
9 Other 887.3 888.7
10 Consumer 324.3 325.8
11 Security (3) 7.4 7.8
12 Other loans and leases 100.3 101.5
13 Interbank loans 93.9 102.3
14 Cash assets (4) 112.1 115.0
15 Other assets (5) 156.2 153.5
16 Total assets (6) 2,660.5 2,674.5
Liabilities
17 Deposits 2,050.2 2,062.2
18 Transaction 303.6 314.7
19 Nontransaction 1,746.6 1,747.5
20 Large time 308.9 306.9
21 Other 1,437.7 1,440.6
22 Borrowings 389.0 388.2
23 From banks in the U.S. 164.6 166.5
24 From others 224.4 221.7
25 Net due to related foreign offices 11.7 10.3
26 Other liabilities 73.3 74.5
27 Total liabilities 2,524.2 2,535.2
28 Residual (assets less 136.4 139.3
liabilities) (7)
Not seasonally
adjusted
Assets
29 Bank credit 2,328.1 2,333.9
30 Securities in bank credit 637.9 637.7
31 U.S. government securities 426.8 428.7
32 Other securities 211.2 209.0
33 Loans and leases in bank credit (2) 1,690.1 1,696.2
34 Commercial and industrial 307.9 308.2
35 Real estate 953.0 955.4
36 Revolving home equity 67.0 67.3
37 Other 886.0 888.1
38 Consumer 321.6 323.8
39 Credit cards and related plans 149.3 151.3
40 Other 172.4 172.6
41 Security (3) 7.4 7.6
42 Other loans and leases 100.2 101.2
43 Interbank loans 93.7 97.0
44 Cash assets (4) 109.4 112.6
45 Other assets (5) 156.2 153.5
46 Total assets (6) 2,656.2 2,665.8
Liabilities
47 Deposits 2,051.1 2,055.3
48 Transaction 298.9 308.4
49 Nontransaction 1,752.3 1,746.9
50 Large time 308.9 306.9
51 Other 1,443.4 1,440.0
52 Borrowings 389.0 388.2
53 From banks in the U.S. 164.6 166.5
54 From others 224.4 221.7
55 Net due to related foreign offices 11.7 10.3
56 Other liabilities 73.3 74.5
57 Total liabilities 2,525.1 2,528.3
58 Residual (assets less
liabilities) (7) 131.1 137.5
Wednesday figures
Account 2002
May 22 May 29
Seasonally adjusted
Assets
1 Bank credit 2,336.3 2,341.3
2 Securities in bank credit 639.9 641.2
3 U.S. government securities 431.1 432.2
4 Other securities 208.8 209.0
5 Loans and leases in bank credit (2) 1,696.3 1,700.1
6 Commercial and industrial 306.8 306.4
7 Real estate 956.8 956.9
8 Revolving home equity 67.8 68.2
9 Other 889.0 888.7
10 Consumer 323.9 327.5
11 Security (3) 7.6 7.7
12 Other loans and leases 101.1 101.6
13 Interbank loans 98.1 100.3
14 Cash assets (4) 114.0 114.7
15 Other assets (5) 156.9 157.1
16 Total assets (6) 2,674.1 2,682.1
Liabilities
17 Deposits 2,058.2 2,063.5
18 Transaction 321.3 329.7
19 Nontransaction 1,736.9 1,733.8
20 Large time 306.9 307.6
21 Other 1,430.0 1,426.2
22 Borrowings 393.6 396.7
23 From banks in the U.S. 169.2 170.3
24 From others 224.4 226.4
25 Net due to related foreign offices 10.6 13.3
26 Other liabilities 74.7 74.5
27 Total liabilities 2,537.1 2,548.0
28 Residual (assets less 136.9 134.1
liabilities) (7)
Not seasonally
adjusted
Assets
29 Bank credit 2,334.5 2,337.8
30 Securities in bank credit 638.9 640.0
31 U.S. government securities 430.1 431.0
32 Other securities 208.8 209.0
33 Loans and leases in bank credit (2) 1,695.7 1,697.8
34 Commercial and industrial 309.2 308.5
35 Real estate 956.6 956.1
36 Revolving home equity 67.6 67.9
37 Other 889.0 888.2
38 Consumer 322.1 324.8
39 Credit cards and related plans 149.4 152.1
40 Other 172.7 172.7
41 Security (3) 7.3 7.4
42 Other loans and leases 100.5 101.0
43 Interbank loans 90.5 92.3
44 Cash assets (4) 108.5 121.2
45 Other assets (5) 156.9 157.1
46 Total assets (6) 2,659.2 2,677.1
Liabilities
47 Deposits 2,042.0 2,055.1
48 Transaction 310.3 329.5
49 Nontransaction 1,731.7 1,725.6
50 Large time 306.9 307.6
51 Other 1,424.8 1,418.1
52 Borrowings 393.6 396.7
53 From banks in the U.S. 169.2 170.3
54 From others 224.4 226.4
55 Net due to related foreign offices 10.6 13.3
56 Other liabilities 74.7 74.5
57 Total liabilities 2,520.9 2,539.6
58 Residual (assets less
liabilities) (7) 138.4 137.5
E. Foreign-related institutions
Billions of dollars
Monthly averages
Account 2001 2001
May (r) Nov. (r) Dec. (r)
Seasonally adjusted
Assets
1 Bank credit 609.0 599.3 594.6
2 Securities in bank credit 213.1 237.3 237.7
3 U.S. government securities 55.7 55.7 55.0
4 Other securities 157.4 181.6 182.8
5 Loans and leases in bank credit (2) 395.9 361.9 356.9
6 Commercial and industrial 217.0 195.9 194.7
7 Real estate 18.1 18.9 19.0
8 Security (3) 93.3 76.9 74.2
9 Other loans and leases 67.4 70.2 69.0
10 Interbank loans 29.0 25.0 20.4
11 Cash assets (4) 37.6 38.1 39.0
12 Other assets (5) 36.4 34.8 30.9
13 Total assets (6) 711.6 696.7 684.5
Liabilities
14 Deposits 407.2 433.7 445.0
15 Transaction 10.7 10.9 11.2
16 Nontransaction 396.5 422.9 433.7
17 Borrowings 220.1 210.1 199.9
18 From banks in the U.S. 20.4 24.4 24.8
19 From others 199.7 185.7 175.1
20 Net due to related foreign offices -12.4 -29.1 -48.7
21 Other liabilities 85.4 80.4 78.5
22 Total liabilities 700.3 695.2 674.6
23 Residual (assets less 11.3 1.6 9.9
liabilities) (7)
Not seasonally adjusted
Assets
24 Bank credit 604.6 601.9 602.1
25 Securities in bank credit 213.1 237.3 237.7
26 U.S. government securities 55.7 55.7 55.0
27 Trading account 13.0 13.0 11.7
28 Investment account 42.7 42.7 43.2
29 Other securities 157.4 181.6 182.8
30 Trading account 101.0 108.2 107.9
31 Investment account 56.3 73.5 74.8
32 Loans and leases in bank credit (2) 391.6 364.6 364.4
33 Commercial and industrial 214.5 197.5 196.4
34 Real estate 18.1 18.9 19.0
35 Security (3) 91.9 77.9 78.1
36 Other loans and leases 67.0 70.2 70.9
37 Interbank loans 29.0 25.0 20.4
3g Cash assets (4) 36.3 40.4 41.4
39 Other assets (5) 36.5 34.6 31.7
40 Total assets (6) 706.1 701.5 695.3
Liabilities
41 Deposits 411.2 437.3 457.3
42 Transaction 10.3 11.1 12.0
43 Nontransaction 400.9 426.2 445.3
44 Borrowings 220.1 210.1 199.9
45 From banks in the U.S 20.4 24.4 24.8
46 From others 199.7 185.7 175.1
47 Net due to related foreign offices -12.5 -30.5 -46.1
48 Other liabilities 854.0 79.8 79.7
49 Total liabilities 704.2 696.7 690.9
50 Residual (assets less
liabilities) (7) 1.9 4.7 4.4
Monthly averages
Account 2002
Jan. (r) Feb. (r) Mar. (r)
Seasonally adjusted
Assets
1 Bank credit 584.9 587.0 593.8
2 Securities in bank credit 229.9 227.5 225.4
3 U.S. government securities 50.9 46.7 48.8
4 Other securities 179.0 180.8 176.6
5 Loans and leases in bank credit (2) 355.0 359.5 368.4
6 Commercial and industrial 193.0 197.1 200.3
7 Real estate 18.8 18.4 18.8
8 Security (3) 74.8 73.9 78.5
9 Other loans and leases 68.4 70.0 70.8
10 Interbank loans 25.2 19.9 20.5
11 Cash assets (4) 40.2 41.8 43.9
12 Other assets (5) 31.0 31.7 29.9
13 Total assets (6) 680.8 680.0 687.7
Liabilities
14 Deposits 468.1 476.5 490.6
15 Transaction 11.1 10.3 10.1
16 Nontransaction 457.0 466.2 480.5
17 Borrowings 185.2 191.1 187.5
18 From banks in the U.S. 22.3 23.1 21.8
19 From others 163.0 168.0 165.7
20 Net due to related foreign offices -65.4 -73.1 -71.5
21 Other liabilities 80.1 77.5 69.0
22 Total liabilities 668.1 672.0 675.6
23 Residual (assets less 12.7 8.1 12.1
liabilities) (7)
Not seasonally adjusted
Assets
24 Bank credit 590.5 591.0 593.7
25 Securities in bank credit 229.9 227.5 225.4
26 U.S. government securities 50.9 46.7 48.8
27 Trading account 9.0 8.6 8.5
28 Investment account 41.9 38.1 40.2
29 Other securities 179.0 180.8 176.6
30 Trading account 102.9 101.4 97.4
31 Investment account 76.1 79.4 79.3
32 Loans and leases in bank credit (2) 360.6 363.5 368.3
33 Commercial and industrial 193.8 198.7 201.7
34 Real estate 18.8 18.4 18.8
35 Security (3) 78.9 76.3 76.2
36 Other loans and leases 69.2 70.1 71.6
37 Interbank loans 25.2 19.9 20.5
3g Cash assets (4) 42.3 42.7 42.8
39 Other assets (5) 31.8 32.3 30.7
40 Total assets (6) 689.5 685.5 687.3
Liabilities
41 Deposits 478.8 482.0 492.8
42 Transaction 11.3 10.5 9.9
43 Nontransaction 467.5 471.5 482.9
44 Borrowings 185.2 191.1 187.5
45 From banks in the U.S 22.3 23.1 21.8
46 From others 163.0 168.0 165.7
47 Net due to related foreign offices -62.3 -70.4 -68.5
48 Other liabilities 81.5 78.6 70.2
49 Total liabilities 683.3 681.3 682.0
50 Residual (assets less
liabilities) (7) 6.2 4.2 5.4
Monthly averages
Account 2002
Apr. (r) May
Seasonally adjusted
Assets
1 Bank credit 598.7 599.2
2 Securities in bank credit 224.6 228.0
3 U.S. government securities 49.6 49.8
4 Other securities 175.0 178.2
5 Loans and leases in bank credit (2) 374.0 371.2
6 Commercial and industrial 198.5 199.0
7 Real estate 19.2 19.2
8 Security (3) 84.5 81.2
9 Other loans and leases 71.8 71.8
10 Interbank loans 22.1 23.7
11 Cash assets (4) 46.2 44.2
12 Other assets (5) 31.3 31.8
13 Total assets (6) 697.8 698.5
Liabilities
14 Deposits 507.2 508.5
15 Transaction 105.0 10.9
16 Nontransaction 496.7 497.6
17 Borrowings 191.4 192.6
18 From banks in the U.S. 23.2 22.2
19 From others 168.3 170.4
20 Net due to related foreign offices -73.6 -87.6
21 Other liabilities 67.4 709.0
22 Total liabilities 692.4 684.4
23 Residual (assets less 5.5 14.0
liabilities) (7)
Not seasonally
adjusted
Assets
24 Bank credit 598.7 595.2
25 Securities in bank credit 224.6 228.0
26 U.S. government securities 49.6 49.8
27 Trading account 9.0 9.7
28 Investment account 40.6 40.1
29 Other securities 175.0 178.2
30 Trading account 96.9 99.1
31 Investment account 78.2 79.1
32 Loans and leases in bank credit (2) 374.1 367.2
33 Commercial and industrial 197.2 196.7
34 Real estate 19.2 19.2
35 Security (3) 85.2 80.0
36 Other loans and leases 72.5 71.3
37 Interbank loans 22.1 23.7
3g Cash assets (4) 44.3 42.7
39 Other assets (5) 31.1 31.8
40 Total assets (6) 695.8 693.1
Liabilities
41 Deposits 511.0 513.6
42 Transaction 10.0 10.5
43 Nontransaction 501.0 503.1
44 Borrowings 191.4 192.6
45 From banks in the U.S 23.2 22.2
46 From others 168.3 170.4
47 Net due to related foreign offices -75.5 -87.7
48 Other liabilities 66.7 70.8
49 Total liabilities 693.7 689.4
50 Residual (assets less
liabilities) (7) 2.1 3.6
Wednesday figures
Account 2002
May 8 May 15
Seasonally adjusted
Assets
1 Bank credit 594.6 594.8
2 Securities in bank credit 224.6 224.5
3 U.S. government securities 49.2 49.4
4 Other securities 175.4 175.1
5 Loans and leases in bank credit (2) 370.1 370.2
6 Commercial and industrial 195.7 197.5
7 Real estate 19.1 19.2
8 Security (3) 84.5 82.0
9 Other loans and leases 70.8 71.5
10 Interbank loans 27.1 21.5
11 Cash assets (4) 44.0 44.4
12 Other assets (5) 31.1 30.8
13 Total assets (6) 696.4 691.1
Liabilities
14 Deposits 511.8 512.0
15 Transaction 10.1 11.3
16 Nontransaction 501.6 500.7
17 Borrowings 194.6 190.9
18 From banks in the U.S. 21.0 22.1
19 From others 173.6 168.8
20 Net due to related foreign offices -89.8 -92.2
21 Other liabilities 67.4 67.4
22 Total liabilities 684.0 678.0
23 Residual (assets less 12.4 13.1
liabilities) (7)
Not seasonally
adjusted
Assets
24 Bank credit 591.5 591.3
25 Securities in bank credit 224.6 224.5
26 U.S. government securities 49.2 49.4
27 Trading account 9.5 9.6
28 Investment account 39.7 39.8
29 Other securities 175.4 175.1
30 Trading account 96.2 96.3
31 Investment account 79.2 78.9
32 Loans and leases in bank credit (2) 367.0 366.8
33 Commercial and industrial 193.8 195.4
34 Real estate 19.1 19.2
35 Security (3) 83.8 81.0
36 Other loans and leases 70.3 71.2
37 Interbank loans 27.1 21.5
3g Cash assets (4) 42.5 43.2
39 Other assets (5) 31.6 31.2
40 Total assets (6) 692.3 686.9
Liabilities
41 Deposits 517.4 515.9
42 Transaction 9.7 10.8
43 Nontransaction 507.8 505.1
44 Borrowings 194.6 190.9
45 From banks in the U.S 21.0 22.1
46 From others 173.6 168.8
47 Net due to related foreign offices -90.3 -91.0
48 Other liabilities 67.2 67.9
49 Total liabilities 688.9 683.6
50 Residual (assets less
liabilities) (7) 3.5 3.3
Wednesday figures
Account 2002
May 22 May 29
Seasonally adjusted
Assets
1 Bank credit 607.6 598.8
2 Securities in bank credit 232.2 229.6
3 U.S. government securities 50.1 49.8
4 Other securities 182.1 179.8
5 Loans and leases in bank credit (2) 375.4 369.2
6 Commercial and industrial 202.8 200.5
7 Real estate 19.4 19.2
8 Security (3) 80.3 77.6
9 Other loans and leases 72.9 71.8
10 Interbank loans 21.3 24.6
11 Cash assets (4) 44.7 43.8
12 Other assets (5) 31.3 33.7
13 Total assets (6) 704.5 700.6
Liabilities
14 Deposits 505.0 505.7
15 Transaction 11.3 10.8
16 Nontransaction 493.7 494.9
17 Borrowings 191.5 191.2
18 From banks in the U.S. 23.9 19.8
19 From others 167.6 171.4
20 Net due to related foreign offices -80.1 -88.0
21 Other liabilities 73.4 74.7
22 Total liabilities 689.8 683.6
23 Residual (assets less 14.7 17.0
liabilities) (7)
Not seasonally
adjusted
Assets
24 Bank credit 601.4 595.2
25 Securities in bank credit 232.2 229.6
26 U.S. government securities 50.1 49.8
27 Trading account 9.7 9.8
28 Investment account 40.3 40.0
29 Other securities 182.1 179.8
30 Trading account 102.5 101.0
31 Investment account 79.6 78.8
32 Loans and leases in bank credit (2) 369.2 365.6
33 Commercial and industrial 200.1 197.9
34 Real estate 19.4 19.2
35 Security (3) 78.0 77.0
36 Other loans and leases 71.7 71.5
37 Interbank loans 21.3 24.6
3g Cash assets (4) 42.7 42.6
39 Other assets (5) 31.2 33.3
40 Total assets (6) 696.2 695.4
Liabilities
41 Deposits 509.6 512.4
42 Transaction 10.8 10.7
43 Nontransaction 498.8 501.7
44 Borrowings 191.5 191.2
45 From banks in the U.S 23.9 19.8
46 From others 167.6 171.4
47 Net due to related foreign offices -80.9 -87.6
48 Other liabilities 73.0 74.8
49 Total liabilities 693.2 690.8
50 Residual (assets less
liabilities) (7) 2.9 4.5
1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities (1)
F. Memo items
Billions of dollars
Monthly averages
2001 2001 2002
May Nov. (r) Dec. (r)
Not seasonally adjusted
MEMO
Large domestically chartered
banks, adjusted for mergers
1 Revaluation gains on off-balance-
sheet items (8) 83.9 106.0 80.6
2 Revaluation losses on off-balance-
sheet items (8) 74.7 86.5 68.4
3 Mortgage-backed securities (9) 256.6 296.2 317.4
4 Pass-through 191.5 212.5 216.8
5 CMO, REMIC, and other 65.1 83.7 100.6
6 Net unrealized gains (losses) on
available-for-sale
securities (10) 2.1 9.7 4.6
7 Off-shore credit to
U.S. residents (11) 21.0 19.2 19.1
8 Securitized consumer loans (12) 80.7 99.3 99.4
9 Credit cards and related plans 71.8 88.3 88.7
10 Other 8.9 11.0 10.7
11 Securitized business loans (12) 12.7 20.6 19.7
Small domestically chartered
commewial banks, adjusted for
mergers
12 Mortgage-backed securities (9) 228.6 267.9 279.4
13 Securitized consumer loans (12) 237.3 (r) 246.1 251.2
14 Credit cards and related plans 229.7 (r) 237.4 242.9
15 Other
7.6 (r) 8.7 8.4
Foreign-related institutions
16 Revaluation gains on off-balance-
sheet items (8) 57.5 (r) 61.1 60.2
17 Revaluation losses on off-balance-
sheet items (8) 52.8 (r) 54.1 54.2
18 Securitized business loans (8) 30.8 26.4 25.2
Monthly averages
2002
Jan. (r) Feb. (r) Mar. (r)
Not seasonally adjusted
MEMO
Large domestically chartered
banks, adjusted for mergers
1 Revaluation gains on off-balance-
sheet items (8) 86.3 81.7 73.2
2 Revaluation losses on off-balance-
sheet items (8) 66.5 59.4 52.5
3 Mortgage-backed securities (9) 314.6 298.2 300.2
4 Pass-through 217.7 203.4 203.2
5 CMO, REMIC, and other 96.9 94.9 97.0
6 Net unrealized gains (losses) on
available-for-sale
securities (10) 2.3 3.5 3.3
7 Off-shore credit to
U.S. residents (11) 19.4 19.7 19.6
8 Securitized consumer loans (12) 94.7 92.8 94.2
9 Credit cards and related plans 84.3 82.6 82.4
10 Other 10.4 10.3 11.9
11 Securitized business loans (12) 19.4 19.4 17.7
Small domestically chartered
commewial banks, adjusted for
mergers
12 Mortgage-backed securities (9) 280.7 283.9 287.0
13 Securitized consumer loans (12) 258.3 252.5 249.3
14 Credit cards and related plans 250.5 244.9 241.9
15 Other 7.8 7.6 7.4
Foreign-related institutions
16 Revaluation gains on off-balance-
sheet items (8) 54.8 52.2 46.8
17 Revaluation losses on off-balance-
sheet items (8) 51.5 48.0 40.6
18 Securitized business loans (8) 25.5 25.1 24.1
Monthly averages Wednesday
figures
2002 2002
Apr. May May 8
Not seasonally adjusted
MEMO
Large domestically chartered
banks, adjusted for mergers
1 Revaluation gains on off-balance-
sheet items (8) 73.3 80.8 72.5
2 Revaluation losses on off-balance-
sheet items (8) 57.5 61.7 56.6
3 Mortgage-backed securities (9) 306.7 (r) 310.9 308.4
4 Pass-through 206.4 (r) 213.8 209.8
5 CMO, REMIC, and other 100.3 (r) 97.1 98.7
6 Net unrealized gains (losses) on
available-for-sale
securities (10) 2.3 (r) 5.0 4.6
7 Off-shore credit to
U.S. residents (11) 19.5 19.5 19.4
8 Securitized consumer loans (12) 94.6 94.7 94.2
9 Credit cards and related plans 82.7 83.2 82.6
10 Other 11.9 11.5 11.6
11 Securitized business loans (12) 17.1 16.7 17.0
Small domestically chartered
commewial banks, adjusted for
mergers
12 Mortgage-backed securities (9) 289.9 (r) 303.1 302.5
13 Securitized consumer loans (12) 248.7 (r) 250.6 249.8
14 Credit cards and related plans 241.6 (r) 243.8 242.9
15 Other 7.2 6.8 6.9
Foreign-related institutions
16 Revaluation gains on off-balance-
sheet items (8) 46.2 49.6 46.6
17 Revaluation losses on off-balance-
sheet items (8) 39.8 (r) 42.4 39.4
18 Securitized business loans (8) 23.8 22.5 22.7
Wednesday figures
2002
May 15 May 22 May 29
Not seasonally adjusted
MEMO
Large domestically chartered
banks, adjusted for mergers
1 Revaluation gains on off-balance-
sheet items (8) 77.4 86.1 87.6
2 Revaluation losses on off-balance-
sheet items (8) 57.7 67.3 65.4
3 Mortgage-backed securities (9) 307.9 311.0 313.2
4 Pass-through 211.5 215.1 217.3
5 CMO, REMIC, and other 96.4 95.9 95.9
6 Net unrealized gains (losses) on
available-for-sale
securities (10) 4.6 5.2 5.2
7 Off-shore credit to
U.S. residents (11) 19.4 19.6 19.5
8 Securitized consumer loans (12) 94.2 94.2 95.2
9 Credit cards and related plans 82.7 82.7 83.8
10 Other 11.5 11.4 11.4
11 Securitized business loans (12) 17.0 16.8 16.1
Small domestically chartered
commewial banks, adjusted for
mergers
12 Mortgage-backed securities (9) 303.6 303.9 302.7
13 Securitized consumer loans (12) 249.5 252.8 250.1
14 Credit cards and related plans 242.7 246.0 243.3
15 Other 6.9 6.8 6.8
Foreign-related institutions
16 Revaluation gains on off-balance-
sheet items (8) 47.4 52.0 51.8
17 Revaluation losses on off-balance-
sheet items (8) 40.1 44.3 45.2
18 Securitized business loans (12) 22.6 22.4 22.3
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 non-financial
businesses.
(12.) Total amount outstanding.
1.32 COMMERCIAL PAPER OUTSTANDING
Millions of dollars, seasonally adjusted, end of period
Year ending December
Item
1997 1998 1999 2000
1 All issuers 966,699 1,163,303 1,403,023 1,615,341
Financial companies (1)
2 Dealer-placed paper,
total (2) 513,307 614,142 786,643 973,060
3 Directly placed paper,
total (3) 252,536 322,030 337,240 298,848
4 Nonfinancial companies
(4) 200,857 227,132 279,140 343,433
Year ending 2001
Item December
2001 Nov. Dec.
1 All issuers 1,438,764 1,435,808 1,438,764
Financial companies (1)
2 Dealer-placed paper,
total (2) 989,364 993,491 989,364
3 Directly placed paper,
total (3) 224,553 227,422 224,553
4 Nonfinancial companies
(4) 224,847 214,894 224,847
2002
Item
Jan. Feb. Mar. Apr.
1 All issuers 1,428,494 1,402,875 1,358,114 1,351,516
Financial companies (1)
2 Dealer-placed paper,
total (2) 984,251 984,441 964,070 972,268
3 Directly placed paper,
total (3) 224,595 218,266 205,292 196,056
4 Nonfinancial companies
(4) 219,648 200,168 188,753 183,192
(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.
1.33 PRIME RATE CHARGED BY BANKS Short-Term Business Loans (l)
Percent per year
Date of change Rate Period Average
rate
1999--Jan. 1 7.75 1999 8.00
July 1 8.00 2000 9.23
Aug. 25 8.25 2001 6.91
Nov. 17 8.50
1999--Jan. 7.75
2000--Feb. 3 8.75 Feb. 7.75
Mar. 22 9.00 Mar. 7.75
May 17 9.50 Apr. 7.75
May 7.75
2001--Jan. 4 9.00 June 7.75
Feb. 1 8.50 July 8.00
Mar. 21 8.00 Aug. 8.06
Apr. 19 7.50 Sept. 8.25
May 16 7.00 Oct. 8.25
June 28 6.75 Nov. 8.37
Aug. 22 6.50 Dec. 8.50
Sept. 18 6.00
Oct. 3 5.50
Nov. 7 5.00
Dec. 12 4.75
Date of change Period Average
rate
1999--Jan. 1 2000--Jan. 8.50
July 1 Feb. 8.73
Aug. 25 Mar. 8.83
Nov. 17 Apr. 9.00
May 9.24
2000--Feb. 3 June 9.50
Mar. 22 July 9.50
May 17 Aug. 9.50
Sept. 9.50
2001--Jan. 4 Oct. 9.50
Feb. 1 Nov. 9.50
Mar. 21 Dec. 9.50
Apr. 19
May 16
June 28
Aug. 22
Sept. 18
Oct. 3
Nov. 7
Dec. 12
Date of change Period Average
rate
1999--Jan. 1 2001--Jan. 9.05
July 1 Feb. 8.50
Aug. 25 Mar. 8.32
Nov. 17 Apr. 7.80
May 7.24
2000--Feb. 3 June 6.98
Mar. 22 July 6.75
May 17 Aug. 6.67
Sept. 6.28
2001--Jan. 4 Oct. 5.53
Feb. 1 Nov. 5.10
Mar. 21 Dec. 4.84
Apr. 19
May 16 2002--Jan. 4.75
June 28 Feb. 4.75
Aug. 22 Mar. 4.75
Sept. 18 Apr. 4.75
Oct. 3 May 4.75
Nov. 7 June 4.75
Dec. 12
(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 1999 2000 2001
MONEY MARKET INSTRUMENTS
1 Federal funds (1,2,3) 4.97 6.24 3.88
2 Discount window borrowing (2,4) 4.62 5.73 3.40
Commercial paper (3,5,6)
Nonfinancial
3 1-month 5.09 6.27 3.78
4 2-month 5.14 6.29 3.68
5 3-month 5.18 6.31 3.65
Financial
6 1-month 5.11 6.28 3.80
7 2-month 5.16 6.30 3.71
8 3-month 5.22 6.33 3.65
Certificates of deposit, secondary
market (3,7)
9 1-month 5.19 6.35 3.84
10 3-month 5.33 6.46 3.71
11 6-month 5.46 6.59 3.66
12 Eurodollar deposits, 3-month (3,8) 5.31 6.45 3.70
U.S. Treasury bills
Secondary market (3,5)
13 4-week n.a. n.a. 2.43
14 3-month 4.64 5.82 3.40
15 6-month 4.75 5.90 3.34
U.S. TREASURY NOTES AND BONDS
Constant maturities (9)
16 1-year 5.08 6.11 3.49
17 2-year 5.43 6.26 3.83
18 3-year 5.49 6.22 4.09
19 5-year 5.55 6.16 4.56
20 7-year 5.79 6.20 4.88
21 10-year 5.65 6.03 5.02
22 20-year 6.20 6.23 5.63
Treasury long-term average (10,11)
23 25 years and above n.a. (r) n.a. (r) n.a. (r)
STATE AND LOCAL NOTES AND BONDS
Moody's series (12)
24 Aaa 5.28 5.58 4.99
25 Baa 5.70 6.19 5.75
26 Bond Buyer series (13) 5.43 5.71 5.15
CORPORATE BONDS
27 Seasoned issues, all industries (14) 7.45 7.98 7.49
Rating group
28 Aaa (15) 7.05 7.62 7.08
29 Aa 7.36 7.83 7.26
30 A 7.53 8.11 7.67
31 Baa 7.88 8.37 7.95
MEMO
Dividend-price ratio (16)
32 Common stocks 1.25 1.15 1.32
2002
Item
Feb. Mar. Apr.
MONEY MARKET INSTRUMENTS
1 Federal funds (1,2,3) 1.74 1.73 1.75
2 Discount window borrowing (2,4) 1.25 1.25 1.25
Commercial paper (3,5,6)
Nonfinancial
3 1-month 1.76 1.78 1.76
4 2-month 1.76 1.82 1.77
5 3-month 1.79 1.86 1.81
Financial
6 1-month 1.77 1.80 1.76
7 2-month 1.78 1.82 1.79
8 3-month 1.80 1.87 1.83
Certificates of deposit, secondary
market (3,7)
9 1-month 1.81 1.84 1.81
10 3-month 1.82 1.91 1.87
11 6-month 1.95 2.16 2.11
12 Eurodollar deposits, 3-month (3,8) 1.82 1.91 1.88
U.S. Treasury bills
Secondary market (3,5)
13 4-week 1.71 1.76 1.69
14 3-month 1.73 1.79 1.72
15 6-month 1.82 2.01 1.93
U.S. TREASURY NOTES AND BONDS
Constant maturities (9)
16 1-year 2.23 2.57 2.48
17 2-year 3.02 3.56 3.42
18 3-year 3.55 4.14 4.01
19 5-year 4.30 4.74 4.65
20 7-year 4.71 5.14 5.02
21 10-year 4.91 5.28 5.21
22 20-year 5.61 5.93 5.85
Treasury long-term average (10,11)
23 25 years and above 5.56 5.88 5.82
STATE AND LOCAL NOTES AND BONDS
Moody's series (12)
24 Aaa 4.93 5.09 5.09
25 Baa 5.71 5.92 5.86
26 Bond Buyer series (13) 5.11 5.29 5.22
CORPORATE BONDS
27 Seasoned issues, all industries (14) 7.18 7.44 7.36
Rating group
28 Aaa (15) 6.51 6.81 6.76
29 Aa 6.95 7.22 7.16
30 A 7.37 7.62 7.49
31 Baa 7.89 8.11 8.03
MEMO
Dividend-price ratio (16)
32 Common stocks 1.43 1.37 1.42
2002 2002, week
Item ending
May May 3 May 10
MONEY MARKET INSTRUMENTS
1 Federal funds (1,2,3) 1.75 1.81 1.74
2 Discount window borrowing (2,4) 1.25 1.25 1.25
Commercial paper (3,5,6)
Nonfinancial
3 1-month 1.75 1.73 1.75
4 2-month 1.76 1.74 1.75
5 3-month 1.78 1.77 1.79
Financial
6 1-month 1.76 1.76 1.75
7 2-month 1.77 1.77 1.76
8 3-month 1.80 1.80 1.79
Certificates of deposit, secondary
market (3,7)
9 1-month 1.80 1.80 1.80
10 3-month 1.82 1.80 1.80
11 6-month 1.93 1.81 1.84
12 Eurodollar deposits, 3-month (3,5) 1.82 1.82 1.82
U.S. Treasury bills
Secondary market (3,8)
13 4-week 1.71 1.72 1.72
14 3-month 1.73 1.74 1.74
15 6-month 1.86 1.86 1.84
U.S. TREASURY NOTES AND BONDS
Constant maturities (9)
16 1-year 2.35 2.33 2.31
17 2-year 3.26 3.23 3.22
18 3-year 3.80 3.81 3.76
19 5-year 4.49 4.52 4.50
20 7-year 4.90 4.88 4.91
21 10-year 5.16 5.11 5.16
22 20-year 5.81 5.73 5.77
Treasury long-term average (10,11)
23 25 years and above 5.79 5.72 5.75
STATE AND LOCAL NOTES AND BONDS
Moody's series (12)
24 Aaa 5.03 5.00 4.99
25 Baa 5.79 5.75 5.74
26 Bond Buyer series (13) 5.19 5.17 5.19
CORPORATE BONDS
27 Seasoned issues, all industries (14) 7.37 7.32 7.33
Rating group
28 Aaa (15) 6.75 6.71 6.71
29 Aa 7.20 7.14 7.16
30 A 7.43 7.46 7.43
31 Baa 8.09 7.96 8.04
MEMO
Dividend-price ratio (16)
32 Common stocks 1.48 1.47 1.47
2002, week ending
Item
May 17 May 24 May 31
MONEY MARKET INSTRUMENTS
1 Federal funds (1,2,3) 1.75 1.71 1.78
2 Discount window borrowing (2,4) 1.25 1.25 1.25
Commercial paper (3,5,6)
Nonfinancial
3 1-month 1.75 1.74 1.75
4 2-month 1.77 1.76 1.74
5 3-month 1.80 1.77 1.75
Financial
6 1-month 1.76 1.76 1.76
7 2-month 1.77 1.77 1.78
8 3-month 1.80 1.80 1.79
Certificates of deposit, secondary
market (3,7)
9 1-month 1.80 1.80 1.80
10 3-month 1.82 1.82 1.83
11 6-month 1.98 1.98 2.01
12 Eurodollar deposits, 3-month (3,8) 1.82 1.82 1.82
U.S. Treasury bills
Secondary market (3,5)
13 4-week 1.73 1.69 1.70
14 3-month 1.74 1.72 1.72
15 6-month 1.88 1.87 1.87
U.S. TREASURY NOTES AND BONDS
Constant maturities (9)
16 1-year 2.40 2.38 2.35
17 2-year 3.35 3.28 3.23
18 3-year 3.88 3.81 3.75
19 5-year 4.58 4.48 4.40
20 7-year 5.00 4.89 4.80
21 10-year 5.26 5.17 5.10
22 20-year 5.91 5.84 5.78
Treasury long-term average (10,11)
23 25 years and above 5.87 5.81 5.77
STATE AND LOCAL NOTES AND BONDS
Moody's series (12)
24 Aaa 5.08 5.08 5.02
25 Baa 5.84 5.82 5.78
26 Bond Buyer series (13) 5.24 5.19 5.14
CORPORATE BONDS
27 Seasoned issues, all industries (14) 7.44 7.38 7.33
Rating group
28 Aaa (15) 6.82 6.77 6.74
29 Aa 7.27 7.21 7.17
30 A 7.49 7.40 7.34
31 Baa 8.18 8.13 8.08
MEMO
Dividend-price ratio (16)
32 Common stocks 1.46 1.47 1.50
NOTE. Some of the data in this table also appear in the Board's H.15
(519) weekly statistical release. 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 rattled 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 dealer offering rates on nationally traded
certificates of deposit.
(8.) Bid rates for eurodollar deposits collected around 9:30 a.m.
Eastern time. Data are for indication purposes only.
(9.) Yields on actively traded issues adjusted to constant maturities.
(10.) Based on the unweighted average of the bid yields for all
Treasury fixed-coupon securities with remaining terms to maturity
of 25 years and over.
(11.) A factor for adjusting the daily long-term average in order to
estimate a 30-year rate can be found at http://www.treas.gov/offices/
domestic-finance/debt-managementlinterest-rate/Itcompositeindex.html.
(12.) General obligation bonds based on Thursday figures; Moody's
Investors Service.
(13.) 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' Al rating. Based on
Thursday figures.
(14.) Daily figures are averages of Aaa, Aa, A, and Baa yields from
Moody's Investors Service. Based on yields to maturity on selected
long-term bonds.
(15.) Effective December 7, 2001. the Moody's Aaa yield includes
yields only for industrial firms. Prior to December 7, 2001, the
Aaa yield represented both utilities and industrial.
(16.) Standard & Poor's corporate series. Common stock ratio is
based on the 500 stocks in the price index.
SOURCE: U.S. Department of the Treasury.
1.36 STOCK MARKET Selected Statistics
2001
Indicator 1999 2000 2001
Sept.
Prices and trading volume
(average of daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange (Dec. 31,
1965=50) 619.52 643.71 606.03 544.39
2 Industrial 775.29 809.40 749.46 672.89
3 Transportation 491.62 414.73 444.45 382.68
4 Utility 284.82 478.99 377.72 339.72
5 Finance 530.97 552.48 596.61 538.01
6 Standard & Poor's
Corporation
(1941-43=10) (1) 1,327.33 1,427.22 1,194.18 1,044.64
7 American Stock
Exchange (Aug. 31,
1973=50) (2) 770.90 922.22 879.08 823.78
Volume of trading
(thousands
of shares)
8 New York Stock
Exchange 799,554 1,026,867 1,216,529 1,666,980
9 American Stock
Exchange 32,629 51,437 68,074 72,319
Customer financing (millions
of dollars, end-of-period balances)
10 Margin credit at
broker-dealers (3) 228,530 198,790 150,450 144,670
Free credit balances
at brokers (4)
11 Margin accounts (5) 55,130 100,680 101,640 115,450
12 Cash accounts 79,070 84,400 78,040 74,220
Margin requirements (percent of
market value and effective date) (6)
Mar. 11, 1968 June 8, 1968
13 Margin stocks 70 80
14 Convertible bonds 50 60
15 Short sales 70 80
2001 2002
Indicator
Oct. Nov. Dec. Jan.
Common stock prices
(indexes)
1 New York Stock
Exchange (Dec. 31,
1965=50) 556.04 575.31 582.82 581.74
2 Industrial 688.35 715.98 727.67 723.56
3 Transportation 371.56 410.05 433.70 446.13
4 Utility 341.51 330.78 325.33 322.92
5 Finance 553.16 577.85 585.47 591.94
6 Standard & Poor's
Corporation
(1941-43=10) (1) 1,076.59 1,129.68 1,144.93 1,140.21
7 American Stock
Exchange (Aug. 31,
1973=50) (2) 825.91 814.78 828.19 835.02
Volume of trading
(thousands
of shares)
8 New York Stock
Exchange 1,293,019 1,242,965 1,240,245 1,401,913
9 American Stock
Exchange 66,765 88,694 53,337 55,151
Customer financing (millions
of dollars, end-of-period balances)
10 Margin credit at
broker-dealers (3) 144,010 148,650 150,450 150,390
Free credit balances
at brokers (4)
11 Margin accounts (5) 101,850 98,330 101,640 97,330
12 Cash accounts 69,550 72,090 78,040 75,110
Margin requirements (percent of
market value and effective date) (6)
May 6, 1970 Dec. 6, 1971
13 Margin stocks 65 55
14 Convertible bonds 50 50
15 Short sales 65 55
2002
Indicator
Feb. Mar. Apr. May
Prices and trading volume
(average of daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange (Dec. 31,
1965=50) 569.55 600.74 587.58 575.75
2 Industrial 715.80 751.79 732.71 718.12
3 Transportation 453.51 490.51 470.00 459.55
4 Utility 301.32 316.25 300.57 287.10
5 Finance 570.18 609.72 610.24 603.15
6 Standard & Poor's
Corporation
(1941-43=10) (1) 1,100.67 1,153.79 1,112.03 1,079.27
7 American Stock
Exchange (Aug. 31,
1973=50) (2) 845.81 891.08 915.09 935.10
Volume of trading
(thousands
of shares)
8 New York Stock
Exchange 1,362,830 1,321,351 1,280,714 1,215,786
9 American Stock
Exchange 55,657 56,375 n.a. n.a.
Customer financing (millions
of dollars, end-of-period balances)
10 Margin credit at
broker-dealers (3) 147,030 149,370 150,940 150,860
Free credit balances
at brokers (4)
11 Margin accounts (5) 99,350 93,700 92,140 92,950
12 Cash accounts 72,730 69,790 68,540 66,120
Margin requirements (percent of
market value and effective date) (6)
Nov. 24, 1972 Jan. 3, 1974
13 Margin stocks 65 50
14 Convertible bonds 50 50
15 Short sales 65 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 roles must be
approved by the Securities and Exchange Commission.
1.40 FEDERAL DEBT SUBJECT TO STATUTORY LIMITATION
Billions of dollars, end of month
2000
Item
Mar. 31 June 30 Sept. 30
1 Federal debt outstanding 5,801.5 5,714.2 5,701.9
2 Public debt securities 5,773.4 5,685.9 5,674.2
3 Held by public 3,688.0 3,495.7 3,438.5
4 Held by agencies 2,085.4 2,190.2 2,235.7
5 Agency securities 28.1 28.3 27.7
6 Held by public 27.8 28.2 27.6
7 Held by agencies .4 .1 .1
8 Debt subject to
statutory limit 5,686.5 5,600.6 5,591.6
9 Public debt securities 5,686.3 5,600.5 5,591.4
10 Other debt (1) .2 .2 .2
MEMO
11 Statutory debt limit 5,950.0 5,950.0 5,950.0
2000 2001
Item
Dec. 31 Mar. 31 June 30 (r)
1 Federal debt outstanding 5,803.5 (r) 5,800.6 5,753.9
2 Public debt securities 5,662.2 5,773.7 5,726.8
3 Held by public 3,527.4 (r) 3,434.4 3,274.2
4 Held by agencies 2,248.7 2,339.4 2,452.6
5 Agency securities 27.4 26.8 27.1
6 Held by public 27.3 26.8 27.1
7 Held by agencies .1 .1 .0
8 Debt subject to
statutory limit 5,580.5 5,692.5 5,645.0
9 Public debt securities 5,580.2 5,692.3 5,644.8
10 Other debt (1) .2 .2 .2
MEMO
11 Statutory debt limit 5,950.0 5,950.0 5,950.0
2001 2002
Item
Sept. 30 (r) Dec. 31 (r) Mar. 31 (r)
1 Federal debt outstanding 5,834.5 5,970.3 6,032.4
2 Public debt securities 5,807.5 5,943.4 6,006.0
3 Held by public 3,338.7 3,393.8 3,443.7
4 Held by agencies 2,468.8 2,549.7 2,562.4
5 Agency securities 27.0 26.8 26.4
6 Held by public 27.0 26.8 26.4
7 Held by agencies .0 .0 .0
8 Debt subject to
statutory limit 5,732.6 5,871.4 5,935.1
9 Public debt securities 5,732.4 5,871.2 5,935.0
10 Other debt (1) .2 .3 .2
MEMO
11 Statutory debt limit 5,950.0 5,950.0 5,950.0
(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 1998 1999 2000
1 Total gross public debt 5,614.2 5,776.1 5,662.2
By type
2 Interest-bearing 5,605.4 5,766.1 5,618.1
3 Marketable 3,355.5 3,281.0 2,966.9
4 Bills 691.0 737.1 646.9
5 Notes 1,960.7 1,784.5 1,557.3
6 Bonds 621.2 643.7 626.5
7 Inflation-indexed
notes and bonds (1) 67.6 100.7 121.2
8 Nonmarketable (2) 2,249.9 2,485.1 2,651.2
9 State and local
government series 165.3 165.7 151.0
10 Foreign issues (3) 34.3 31.3 27.2
11 Government 34.3 31.3 27.2
12 Public .0 .0 .0
13 Savings bonds and notes 180.3 179.4 176.9
14 Government account
series (4) 1,840.0 2,078.7 2,266.1
15 Non-interest-bearing 8.8 10.0 44.2
By holder (5)
16 U.S. Treasury and other
federal agencies and
trust funds 1,828.1 2,064.2 2,270.1 (r)
17 Federal Reserve Banks (6) 452.1 478.0 511.7
18 Private investors 3,334.0 3,233.9 2,880.4
19 Depository institutions 237.3 246.5 199.2
20 Mutual funds 253.9 (r) 229.1 (r) 221.8 (r)
21 Insurance companies 141.7 123.4 110.2
22 State and local
treasuries (7) 269.3 266.8 236.2
Individuals
23 Savings bonds 186.6 186.4 184.8
24 Pension funds 330.2 (r) 321.6 (r) 305.8 (r)
25 Private 112.5 (r) 110.4 (r) ll0.1 (r)
26 State and Local 217.7 211.2 195.7
27 Foreign and
international (8) 1,278.7 1,268.7 1,201.3
28 Other miscellaneous
investors (7,9) 636.3 (r) 589.8 (r) 419.5 (r)
2001
Type and holder 2001
Q2 Q3
1 Total gross public debt 5,943.4 5,726.8 5,807.5
By type
2 Interest-bearing 5,930.8 5,682.8 5,763.6
3 Marketable 2,982.9 2,822.3 2,897.3
4 Bills 811.3 620.1 734.9
5 Notes 1,413.9 1,441.0 1,399.6
6 Bonds 602.7 616.9 612.9
7 Inflation-indexed
notes and bonds (1) 140.1 129.3 134.9
8 Nonmarketable (2) 2,947.9 2,860.5 2,866.4
9 State and local
government series 146.3 153.3 146.4
10 Foreign issues (3) 15.4 24.0 18.3
11 Government 15.4 24.0 18.3
12 Public .0 .0 .0
13 Savings bonds and notes 181.5 178.4 179.6
14 Government account
series (4) 2,574.8 2,474.7 2,492.1
15 Non-interest-bearing 12.7 44.0 43.8
By holder (5)
16 U.S. Treasury and other
federal agencies and
trust funds 2,572.2 2,469.1 2,493.7
17 Federal Reserve Banks (6) 551.7 535.1 534.1
18 Private investors 2,819.5 2,722.6 2,779.7
19 Depository institutions 181.7 (r) 190.1 189.5
20 Mutual funds 256.8 (r) 218.5 (r) 230,5 (r)
21 Insurance companies 82.4 (r) 94.8 88.5
22 State and local
treasuries (7) 209.0 (r) 224.0 208.9
Individuals
23 Savings bonds 190.3 185.5 186.4
24 Pension funds 289.3 (r) 308.6 (r) 289.4 (r)
25 Private 103.3 (r) 104.3 (r) 101.7 (r)
26 State and Local 186.0 204.4 187.7
27 Foreign and
international (8) 1,218.1 1,167.4 1,170.1
28 Other miscellaneous
investors (7,9) 390.8 333.2 (r) 417.3 (r)
2001 2002
Type and holder
Q4 Q1
1 Total gross public debt 5,943.4 6,006.0
By type
2 Interest-bearing 5,930.8 5,962.2
3 Marketable 2,982.9 3,003.3
4 Bills 811.3 834.4
5 Notes 1,413.9 1,411.7
6 Bonds 602.7 596.7
7 Inflation-indexed
notes and bonds (1) 140.1 145.6
8 Nonmarketable (2) 2,947.9 2,958.9
9 State and local
government series 146.3 141.1
10 Foreign issues (3) 15.4 14.6
11 Government 15.4 14.6
12 Public .0 .0
13 Savings bonds and notes 181.5 183.6
14 Government account
series (4) 2,574.8 2,589.7
15 Non-interest-bearing 12.7 43.8
By holder (5)
16 U.S. Treasury and other
federal agencies and
trust funds 2,572.2 2,581.1
17 Federal Reserve Banks (6) 551.7 575.4
18 Private investors 2,819.5 2,849.5
19 Depository institutions 181.7 (r) 187.5
20 Mutual funds 256.8 (r) 266.8
21 Insurance companies 82.4 (r) 82.4
22 State and local
treasuries (7) 209.0 (r) 212.5
Individuals
23 Savings bonds 190.3 191.9
24 Pension funds 289.3 (r) 299.6
25 Private 103.3 (r) 104.0
26 State and Local 186.0 195.6
27 Foreign and
international (8) 1,218.1 1,214.1
28 Other miscellaneous
investors (7,9) 390.8 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
2002
Item
Feb. Mar. Apr.
By type of security
1 U.S. Treasury bills 42,233 44,546 42,502
Treasury coupon securities by maturity
2 Three years or less 122,427 148,829 127,492
3 More than three but less than or
equal to six years 82,210 90,406 76,341
4 More than six but less than or equal
to eleven years 69,912 76,902 61,584
5 More than eleven 15,747 21,396 17,254
6 Inflation-indexed (2) 1,735 1,794 2,132
Federal agency and government-
sponsored enterprises
7 Discount notes 54,029 49,852 50,140
Coupon securities by maturity
8 Three years or less 10,672 11,871 12,209
9 More than three years but less than
or equal to six years 10,590 12,763 7,071
10 More than six years but less than
or equal to eleven years 6,019 7,350 7,456
11 More than eleven years 1,473 1,201 846
12 Mortgage-backed 136,655 138,204 125,503
Corporate securities
13 One year or less 102,218 110,024 101,705
14 More than one year 18,835 24,309 19,088
By type of counterparty
With interdealer broker
15 U.S. Treasury 156,162 174,400 152,004
16 Federal agency and government-
sponsored enterprises 10,972 12,303 11,552
17 Mortgage-backed 34,770 36,404 37,570
18 Corporate 536 620 546
With other
19 U.S. Treasury 178,102 209,471 175,300
20 Federal agency and government-
sponsored enterprises 71,811 70,734 66,170
21 Mortgage-backed 101,885 101,799 87,933
22 Corporate 120,517 133,713 120,247
2002, week ending
Item
Apr. 3 Apr. l0 Apr. 17
By type of security
1 U.S. Treasury bills 60,775 46,932 40,435
Treasury coupon securities by maturity
2 Three years or less 130,006 111,450 120,773
3 More than three but less than or
equal to six years 72,526 76,103 72,674
4 More than six but less than or equal
to eleven years 59,665 59,192 63,474
5 More than eleven 17,524 14,443 16,631
6 Inflation-indexed (2) 2,303 1,948 2,739
Federal agency and government-
sponsored enterprises
7 Discount notes 60,244 47,009 49,187
Coupon securities by maturity
8 Three years or less 9,713 11,640 11,261
9 More than three years but less than
or equal to six years 7,014 6,767 6,321
10 More than six years but less than
or equal to eleven years 4,978 8,947 8,699
11 More than eleven years 761 782 506
12 Mortgage-backed 133,050 177,968 116,019
Corporate securities
13 One year or less 112,243 98,667 106,891
14 More than one year 19,224 19,337 18,384
By type of counterparty
With interdealer broker
15 U.S. Treasury 149,028 148,214 148,245
16 Federal agency and government-
sponsored enterprises 8,864 12,274 10,228
17 Mortgage-backed 42,528 48,421 36,459
18 Corporate 436 628 559
With other
19 U.S. Treasury 193,771 161,855 168,480
20 Federal agency and government-
sponsored enterprises 73,847 62,871 65,745
21 Mortgage-backed 90,521 129,547 79,560
22 Corporate 131,032 117,376 124,715
2002, week ending
Item
Apr. 24 May 1 May 8
By type of security
1 U.S. Treasury bills 32,157 38,777 38,256
Treasury coupon securities by maturity
2 Three years or less 153,801 121,169 129,469
3 More than three but less than or
equal to six years 68,053 94,441 114,072
4 More than six but less than or equal
to eleven years 59,420 66,354 69,823
5 More than eleven 18,561 19,712 15,117
6 Inflation-indexed (2) 1,900 1,765 1,367
Federal agency and government-
sponsored enterprises
7 Discount notes 47,084 51,487 47,559
Coupon securities by maturity
8 Three years or less 15,775 11,522 11,681
9 More than three years but less than
or equal to six years 7,245 8,214 9,225
10 More than six years but less than
or equal to eleven years 7,027 6,431 7,799
11 More than eleven years 1,283 871 892
12 Mortgage-backed 92,334 107,578 213,612
Corporate securities
13 One year or less 99,259 94,173 98,847
14 More than one year 19,235 19,372 16,546
By type of counterparty
With interdealer broker
15 U.S. Treasury 159,863 153,850 164,535
16 Federal agency and government-
sponsored enterprises 13,062 12,433 11,957
17 Mortgage-backed 29,504 31,759 48,053
18 Corporate 527 535 435
With other
19 U.S. Treasury 174,029 188,368 203,569
20 Federal agency and government-
sponsored enterprises 65,353 66,091 65,199
21 Mortgage-backed 62,830 75,820 165,559
22 Corporate 117,968 113,010 114,957
2002, week ending
Item
May 15 May 22 May 29
By type of security
1 U.S. Treasury bills 49,294 37,240 42,001
Treasury coupon securities by maturity
2 Three years or less 123,051 126,615 168,908
3 More than three but less than or
equal to six years 109,148 85,416 85,066
4 More than six but less than or equal
to eleven years 90,182 61,803 55,138
5 More than eleven 19,010 18,533 15,429
6 Inflation-indexed (2) 2,270 1,443 1,185
Federal agency and government-
sponsored enterprises
7 Discount notes 43,742 46,622 51,560
Coupon securities by maturity
8 Three years or less 10,687 9,275 8,795
9 More than three years but less than
or equal to six years 10,763 9,744 9,738
10 More than six years but less than
or equal to eleven years 10,476 11,250 4,885
11 More than eleven years 1,176 1,161 1,244
12 Mortgage-backed 152,057 80,467 90,260
Corporate securities
13 One year or less 103,795 108,781 92,933
14 More than one year 18,339 22,093 16,623
By type of counterparty
With interdealer broker
15 U.S. Treasury 177,769 152,842 172,923
16 Federal agency and government-
sponsored enterprises 12,910 12,826 8,996
17 Mortgage-backed 45,979 23,763 27,646
18 Corporate 514 435 274
With other
19 U.S. Treasury 215,185 178,207 194,804
20 Federal agency and government-
sponsored enterprises 63,934 65,226 67,226
21 Mortgage-backed 106,078 56,705 62,614
22 Corporate 121,619 130,438 109,282
(1.) The figures represent purchases and sales in the market
by the primary U.S. government securities dealers reporting
to the Federal Reserve Bank of New York. Outright transactions
include all U.S. government, federal agency, government-sponsored
enterprise, mortgage-backed, and corporate securities scheduled
the immediate and forward delivery, as well as all U.S. government
securities traded on a when-issued basis between the announcement
and issue date. Data do not include transactions under repurchase
and reverse repurchase (resale) agreements. Averages are based on
the number of trading days in the week.
(2.) Outright Treasury inflation-indexed securities (TIIS)
transactions are reported at principal value, excluding accrued
interest, where principal value reflects the original issuance
par amount (unadjusted for inflation/times the price times the
index ratio.
NOTE. Major changes in the report form filed by primary dealers
induced a break in the dealer data series as of the week ending
July 4, 2001. Current weekly data may be found at the Federal
Reserve Bank of New York web site (http:www.newyorkfed.org/
pihome/statistics) under the Primary Dealer heading.
1.43 U.S. GOVERNMENT SECURITIES DEALERS Positions and Financing (1)
Millions of dollars
2002
Item by type of selling
Feb. Mar. Apr.
1 U.S. Treasury bills 28,170 27,972 34,802
Treasury coupon securities
by maturity
2 Three year or less -28,348 -24,485 -24,310
3 More than three years but
less than or equal
to six years -23,482 -32,811 -32,608
4 More than six but less than
or equal to eleven years -13,477 -16,734 -18,337
5 More than eleven 12,230 7,431 8,103
6 Inflation-indexed 3,450 3,654 3,663
Federal agency and government-
sponsored enterprises
7 Discount notes 49,069 44,291 45,988
Coupon securities,
by maturity
8 Three years or less 11,856 8,783 10,878
9 More than three years but
less than or equal
to six years 1,318 -41 3,238
10 More than six but less than
or equal to
eleven years 1,111 2,503 2,620
11 More than eleven 3,479 2,421 2,122
12 Mortgage-backed 6,195 7,596 13,347
Corporate securities
13 One year or less 17,989 22,486 25,916
14 More than one year 36,235 42,634 44,266
Financing (3)
Securities in, U.S. Treasury
15 Overnight and continuing 547,472 561,103 550,742
16 Term 656,569 684,041 732,963
Federal agency and government-
sponsored enterprises
17 Overnight and continuing 140,693 143,017 154,574
18 Term 224,572 231,817 259,399
Mortgage-backed securities
19 Overnight and continuing 35,759 34,190 33,398
20 Term 217,733 217,741 226,728
Corporate securities
21 Overnight and continuing 41,282 44,546 46,910 (r)
22 Term 22,076 22,000 22,627 (r)
MEMO
Reverse repurchase agreements
23 Overnight and continuing 381,084 396,888 380,722
24 Term 997,678 1,022,616 1,114,158
Securities out, U.S. Treasury
25 Overnight and continuing 551,187 541,747 526,507
26 Term 580,525 617,458 682,748
Federal agency and government-
sponsored enterprises
27 Overnight and continuing 248,413 236,666 259,604
28 Term 167,477 177,049 212,975
Mortgage-backed securities
29 Overnight and continuing 286,742 285,270 291,840
30 Term 127,225 131,364 147,574
Corporate securities
31 Overnight and continuing 100,801 109,269 119,914 (r)
32 Term 17,993 17,912 18,440
MEMO
Repurchase agreements
33 Overnight and continuing 1,044,255 1,024,379 1,038,639
34 Term 872,476 922,916 1,040,296
2002, week ending
Item by type of selling
Apr. 3 Apr. 10 Apr. 17
1 U.S. Treasury bills 49,095 50,904 35,473
Treasury coupon securities
by maturity
2 Three year or less -24,615 -25,689 -23,849
3 More than three years but
less than or equal
to six years -35,061 -34,418 -32,028
4 More than six but less than
or equal to eleven years -17,398 -16,414 -19,356
5 More than eleven 6,615 7,531 8,237
6 Inflation-indexed 2,761 2,516 3,633
Federal agency and government-
sponsored enterprises
7 Discount notes 43,709 41,901 41,761
Coupon securities,
by maturity
8 Three years or less 10,368 13,112 10,950
9 More than three years but
less than or equal
to six years 524 3,817 3,770
10 More than six but less than
or equal to
eleven years 4,107 2,879 4,170
11 More than eleven 1,679 2,028 1,895
12 Mortgage-backed 11,154 9,598 9,101
Corporate securities
13 One year or less 25,566 24,110 24,391
14 More than one year 44,704 48,692 44,164
Financing (3)
Securities in, U.S. Treasury
15 Overnight and continuing 563,375 542,945 556,094
16 Term 653,865 709,499 737,230
Federal agency and government-
sponsored enterprises
17 Overnight and continuing 146,552 158,010 156,175
18 Term 224,205 252,620 257,406
Mortgage-backed securities
19 Overnight and continuing 28,429 32,354 33,285
20 Term 218,400 227,691 222,742
Corporate securities
21 Overnight and continuing 45,226 45,693 46,193
22 Term 22,553 22,643 22,288
MEMO
Reverse repurchase agreements
23 Overnight and continuing 382,713 372,588 383,924
24 Term 1,013,590 1,085,830 1,111,235
Securities out, U.S. Treasury
25 Overnight and continuing 528,676 532,861 529,215
26 Term 606,014 653,758 682,354
Federal agency and government-
sponsored enterprises
27 Overnight and continuing 246,218 259,862 266,751
28 Term 194,537 207,408 213,399
Mortgage-backed securities
29 Overnight and continuing 278,345 270,840 314,099
30 Term 129,977 146,433 139,321
Corporate securities
31 Overnight and continuing 117,261 115,882 119,754
32 Term 17,780 17,528 18,975
MEMO
Repurchase agreements
33 Overnight and continuing 1,014,688 1,023,015 1,071,491
34 Term 928,093 1,004,041 1,031,826
2002, week ending
Item by type of selling
Apr. 24 May 1 May 8
1 U.S. Treasury bills 23,817 20,901 19,177
Treasury coupon securities
by maturity
2 Three year or less -20,695 -27,302 -24,186
3 More than three years but
less than or equal
to six years -32,090 -30,551 -24,022
4 More than six but less than
or equal to eleven years -20,125 -17,774 -16,402
5 More than eleven 10,073 7,062 4,654
6 Inflation-indexed 4,653 4,332 3,964
Federal agency and government-
sponsored enterprises
7 Discount notes 45,261 57,674 54,878
Coupon securities,
by maturity
8 Three years or less 9,243 10,350 8,625
9 More than three years but
less than or equal
to six years 2,564 4,084 4,784
10 More than six but less than
or equal to
eleven years 2,325 111 -424
11 More than eleven 2,291 2,519 2,568
12 Mortgage-backed 14,189 22,788 16,193
Corporate securities
13 One year or less 25,164 30,853 32,024
14 More than one year 43,139 40,316 38,310
Financing (3)
Securities in, U.S. Treasury
15 Overnight and continuing 540,981 558,667 573,605
16 Term 770,838 750,722 789,783
Federal agency and government-
sponsored enterprises
17 Overnight and continuing 157,378 149,438 148,576
18 Term 274,316 259,825 271,693
Mortgage-backed securities
19 Overnight and continuing 31,619 39,308 32,081
20 Term 228,483 232,372 240,183
Corporate securities
21 Overnight and continuing 48,865 47,726 48,283
22 Term 22,797 22,843 22,962
MEMO
Reverse repurchase agreements
23 Overnight and continuing 375,185 391,942 390,599
24 Term 1,165,475 1,141,031 1,199,512
Securities out, U.S. Treasury
25 Overnight and continuing 520,082 522,347 520,235
26 Term 718,711 713,438 756,812
Federal agency and government-
sponsored enterprises
27 Overnight and continuing 263,871 252,681 259,256
28 Term 230,600 207,631 223,313
Mortgage-backed securities
29 Overnight and continuing 301,774 285,529 285,008
30 Term 157,989 155,183 163,094
Corporate securities
31 Overnight and continuing 120,679 125,237 128,108
32 Term 19,080 18,462 18,921
MEMO
Repurchase agreements
33 Overnight and continuing 1,046,821 1,020,972 1,026,568
34 Term 1,104,729 1,073,404 1,140,430
2002, week ending
Item by type of selling
May 15 May 22
1 U.S. Treasury bills 21,262 20,575
Treasury coupon securities
by maturity
2 Three year or less -33,063 -21,420
3 More than three years but
less than or equal
to six years -29,009 -28,934
4 More than six but less than
or equal to eleven years -15,370 -15,411
5 More than eleven 6,865 6,848
6 Inflation-indexed 2,627 1,927
Federal agency and government-
sponsored enterprises
7 Discount notes 48,240 41,845
Coupon securities,
by maturity
8 Three years or less 9,790 8,500
9 More than three years but
less than or equal
to six years 7,355 3,098
10 More than six but less than
or equal to
eleven years -193 3,179
11 More than eleven 2,624 2,569
12 Mortgage-backed 9,042 14,297
Corporate securities
13 One year or less 31,163 24,579
14 More than one year 39,973 40,599
Financing (3)
Securities in, U.S. Treasury
15 Overnight and continuing 613,728 580,438
16 Term 650,972 700,031
Federal agency and government-
sponsored enterprises
17 Overnight and continuing 152,285 149,387
18 Term 274,075 285,275
Mortgage-backed securities
19 Overnight and continuing 37,056 38,356
20 Term 254,438 267,220
Corporate securities
21 Overnight and continuing 48,855 49,756
22 Term 22,683 23,071
MEMO
Reverse repurchase agreements
23 Overnight and continuing 435,873 399,061
24 Term 1,083,209 1,151,842
Securities out, U.S. Treasury
25 Overnight and continuing 563,187 521,975
26 Term 613,666 671,563
Federal agency and government-
sponsored enterprises
27 Overnight and continuing 258,873 258,580
28 Term 221,096 227,628
Mortgage-backed securities
29 Overnight and continuing 318,337 311,047
30 Term 154,796 178,158
Corporate securities
31 Overnight and continuing 124,634 120,663
32 Term 19,945 19,681
MEMO
Repurchase agreements
33 Overnight and continuing 1,100,316 1,053,374
34 Term 989,031 1,076,557
(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.) Net outright positions include all U.S. government, federal
agency, government-sponsored enterprise mortgage-backed, and
corporate securities scheduled for immediate and forward delivery,
as well as U.S. government securities traded on a when-issued basis
between the announcement and issue date.
(3.) Figures cover financing U.S. government, federal agency,
government-sponsored enterprise, mortgage-backed, and corporate
securities. Financing transactions for Treasury inflation-indexed
securities (TIIS) are reported in actual funds paid or received,
except lot pledged securities. TIIS that are issued as pledged
securities are reported at par value, which is the value of the
security at original issuance (unadjusted for inflation).
NOTE. Major changes in the report form filed by primary dealers
included a break in many series as of the week ending July 4, 2001.
Current weekly data may be found at the Federal Reserve Bank of New
York web site (http://www.newyorkfed.org/pihome/statistics)under the
Primary Dealer heading.
1.44 FEDERAL AND FEDERALLY SPONSORED CREDIT AGENCIES Debt Outstanding
Millions of dollars, end of period
Agency 1998 1999 2000
1 Federal and federally
sponsored agencies 1,296,477 1,616,492 1,851,632
2 Federal agencies 26,502 26,376 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) 205 126 255
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 26,496 26,370 25,660
9 United States Railway
Association (6) n.a. n.a. n.a.
10 Federally sponsored agencies (7) 1,269,975 1,590,116 1,825,966
11 Federal Home Loan Banks 382,131 529,005 594,404
12 Federal Home Loan
Mortgage Corporation 287,396 360,711 426,899
13 Federal National
Mortgage Association 460,291 547,619 642,700
14 Farm Credit Banks (8) 63,488 68,883 74,181
15 Student Loan Marketing
Association (9) 35,399 41,988 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) 44,129 42,152 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 9,500 6,665 5,275
26 Rural Electrification
Administration 14,091 14,085 13,126
27 Other 20,538 21,402 22,174
2001
Agency 2001
Nov. Dec.
1 Federal and federally
sponsored agencies n.a. n.a. n.a.
2 Federal agencies 276 275 276
3 Defense Department (1) 6 6 6
4 Export-Import Bank (2,3) n.a. n.a. n.a.
5 Federal Housing
Administration (4) 26,828 26,655 26,828
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 270 269 270
9 United States Railway
Association (6) n.a. n.a. n.a.
10 Federally sponsored agencies (7) 2,120,781 2,071,168 2,120,781
11 Federal Home Loan Banks 623,740 617,146 623,740
12 Federal Home Loan
Mortgage Corporation 565,071 546,566 565,071
13 Federal National
Mortgage Association 763,500 737,500 763,500
14 Farm Credit Banks (8) 76,673 75,815 76,673
15 Student Loan Marketing
Association (9) 48,350 51,494 48,350
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) 39,096 40,485 39,096
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 n.a. n.a. n.a.
26 Rural Electrification
Administration 13,876 13,822 13,876
27 Other 25,220 26,663 25,220
2002
Agency
Jan. Feb. Mar.
1 Federal and federally
sponsored agencies n.a. n.a. n.a.
2 Federal agencies 290 169 172
3 Defense Department (1) 6 6 6
4 Export-Import Bank (2,3) n.a. n.a. n.a.
5 Federal Housing
Administration (4) 26,741 26,431 26,379
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 284 163 166
9 United States Railway
Association (6) n.a. n.a. n.a.
10 Federally sponsored agencies (7) n.a. n.a. n.a.
11 Federal Home Loan Banks 623,990 619,541 625,849
12 Federal Home Loan
Mortgage Corporation 571,867 584,476 603,447
13 Federal National
Mortgage Association 760,500 765,200 769,800
14 Farm Credit Banks (8) 76,494 76,929 79,002
15 Student Loan Marketing
Association (9) 49,400 50,500 48,200
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) 38,140 39,144 38,027
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 n.a. n.a. n.a.
26 Rural Electrification
Administration 13,982 14,015 14,055
27 Other 24,158 25,129 23,972
(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 Agriculture 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,
or use 1999 2000 2001
1 All issues, new and refunding (1) 215,427 180,403 270,566
By type of issue
2 General obligation 73,308 64,475 100,519
3 Revenue 142,120 115,928 170,047
By type of issuer
4 State 16,376 19,944 30,099
5 Special district or statutory 152,418 111,695 281,427
authority (2)
6 Municipality, county, or township 46,634 39,273 61,040
7 Issues for new capital 161,065 154,257 192,161
By use of proceeds
8 Education 36,563 38,665 50,054
9 Transportation 17,394 19,730 21,411
10 Utilities and conservation 15,098 11,917 21,917
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 9,099 7,122 6,607
13 Other purposes 47,896 47,309 55,733
2001
Type of issue or issuer,
or use Oct. Nov. Dec.
1 All issues, new and refunding (1) 30,446 30,105 28,363
By type of issue
2 General obligation 14,302 10,163 9,218
3 Revenue 16,144 19,942 19,146
By type of issuer
4 State 6,008 2,271 746
5 Special district or statutory 17,382 21,601 22,525
authority (2)
6 Municipality, county, or township 7,056 6,233 5,093
7 Issues for new capital 21,249 21,009 21,389
By use of proceeds
8 Education 4,279 4,475 4,818
9 Transportation 1,587 2,882 1,349
10 Utilities and conservation 2,324 2,429 2,560
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 688 359 1,642
13 Other purposes 9,158 5,281 6,319
2002
Type of issue or issuer,
or use Jan. Feb. Mar.
1 All issues, new and refunding (1) 20,523 20,175 23,842
By type of issue
2 General obligation 8,157 8,652 10,269
3 Revenue 12,366 11,523 13,574
By type of issuer
4 State 1,826 3,238 3,265
5 Special district or statutory 14,369 11,950 15,479
authority (2)
6 Municipality, county, or township 4,329 4,987 5,098
7 Issues for new capital 14,631 13,248 16,856
By use of proceeds
8 Education 4,138 3,961 5,484
9 Transportation 1,079 613 1,633
10 Utilities and conservation 1,711 1,606 1,290
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 539 125 515
13 Other purposes 4,639 4,897 4,894
2002
Type of issue or issuer,
or use Apr. May
1 All issues, new and refunding (1) 23,261 32,858
By type of issue
2 General obligation 8,559 10,446
3 Revenue 14,702 22,413
By type of issuer
4 State 3,057 1,531
5 Special district or statutory 15,520 23,866
authority (2)
6 Municipality, county, or township 4,683 7,461
7 Issues for new capital 17,115 20,663
By use of proceeds
8 Education 5,279 6,027
9 Transportation 773 1,795
10 Utilities and conservation 2,091 1,785
11 Social welfare n.a. n.a.
12 Industrial aid 344 614
13 Other purposes 6,784 6,962
(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,
or issuer 1999 2000 2001
1 All issues (1) 1,072,866 942,198 1,382,003
2 Bonds (2) 941,298 807,281 1,253,449
By type of offering
3 Sold in the United States 818,683 684,484 1,197,060
4 Sold abroad 122,615 122,798 56,389
MEMO
5 Private placements, domestic 24,703 18,370 8,734
By industry group
6 Nonfinancial 293,963 242,207 445,930
7 Financial 647,335 565,074 807,519
8 Stocks (3) 244,308 320,357 228,554
By type of offering
9 Public 131,568 134,917 128,554
10 Private placement (4) 112,740 185,440 100,000
By industry group
11 Nonfinancial 110,284 118,369 77,577
12 Financial 21,284 16,548 50,977
2001
Type of issue, offering,
or issuer Sept. Oct. Nov. Dec.
1 All issues (1) 89,855 139,181 123,517 96,576
2 Bonds (2) 84,509 123,346 110,888 81,339
By type of offering
3 Sold in the United States 80,223 120,162 106,563 79,636
4 Sold abroad 4,286 3,185 4,326 1,703
MEMO
5 Private placements, domestic 0 224 4,936 2,880
By industry group
6 Nonfinancial 31,920 43,830 42,189 21,647
7 Financial 52,589 79,517 68,699 59,692
8 Stocks (3) 13,679 24,168 20,962 23,570
By type of offering
9 Public 5,346 15,835 12,629 15,237
10 Private placement (4) 8,333 8,333 8,333 8,333
By industry group
11 Nonfinancial 8l 7,611 7,592 7,771
12 Financial 5,265 8,224 5,037 7,466
2002
Type of issue, offering,
or issuer Jan. Feb. Mar. Apr.
1 All issues (1) 102,688 86,090 158,904 103,575
2 Bonds (2) 88,241 79,515 145,984 93,039
By type of offering
3 Sold in the United States 79,472 73,474 128,026 88,051
4 Sold abroad 8,770 6,041 17,958 4,989
MEMO
5 Private placements, domestic 0 0 0 0
By industry group
6 Nonfinancial 18,894 30,770 43,231 34,803
7 Financial 69,348 48,746 102,753 58,237
8 Stocks (3) 14,447 6,575 12,920 10,536
By type of offering
9 Public 14,447 6,575 12,920 10,536
10 Private placement (4) n.a. n.a. n.a. n.a.
By industry group
11 Nonfinancial 9,579 4,024 4,893 7,834
12 Financial 4,868 2,551 8,027 2,702
(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
Item 2000 2001
1 Sales of own shares (2) 2,279,315 1,806,474
2 Redemptions of own shares 2,057,277 1,677,266
3 Net sales (3) 222,038 129,208
4 Assets (4) 5,123,747 4,689,624
5 Cash (5) 277,386 219,620
6 Other 4,846,361 4,470,004
2001
Item Oct. Nov. Dec.
1 Sales of own shares (2) 153,827 147,192 151,779
2 Redemptions of own shares 137,837 124,060 149,705
3 Net sales (3) 15,990 23,132 2,074
4 Assets (4) 4,376,923 4,625,601 4,689,624
5 Cash (5) 229,576 239,671 219,620
6 Other 4,147,347 4,385,930 4,470,004
2002
Item Jan. Feb. Mar.
1 Sales of own shares (2) 171,499 141,463 170,326
2 Redemptions of own shares 138,773 123,013 130,661
3 Net sales (3) 32,726 18,450 39,665
4 Assets (4) 4,667,688 4,623,041 4,814,961
5 Cash (5) 240,141 234,510 241,078
6 Other 4,427,547 4,388,531 4,573,883
2001
Item Apr. (r) May
1 Sales of own shares (2) 164,504 154,866
2 Redemptions of own shares 140,524 137,990
3 Net sales (3) 23,980 16,876
4 Assets (4) 4,704,886 4,695,633
5 Cash (5) 249,078 243,942
6 Other 4,455,808 4,451,691
(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.
1.51 DOMESTIC FINANCE COMPANIES Assets and Liabilities (1)
Billions of dollars, end of period; not seasonally adjusted
Account 1999 2000 2001
ASSETS
1 Accounts receivable, gross (2) 845.4 958.6 970.7
2 Consumer 304.4 327.9 340.0
3 Business 395.1 458.4 447.0
4 Real estate 145.8 172.3 183.7
5 LESS: Reserves for unearned income 61.4 69.7 60.4
6 Reserves for losses 14.7 16.7 20.9
7 Accounts receivable, net 769.3 872.2 889.4
8 All other 406.6 461.5 501.2
9 Total assets 1,175.9 1,333.7 1,390.6
LIABILITIES AND CAPITAL
10 Bank loans 35.4 35.9 50.8
11 Commercial paper 230.4 238.8 158.6
Debt
12 Owed to parent 87.8 102.5 99.3
13 Not elsewhere classified 429.9 502.2 567.6
14 All other liabilities 237.8 301.8 325.7
15 Capital, surplus, and undivided profits 154.5 152.5 188.7
16 Total liabilities and capital 1,175.9 1,333.7 1,390.6
2000 2001
Account Q3 Q4 Q1
ASSETS
1 Accounts receivable, gross (2) 939.9 958.6 954.4
2 Consumer 331.5 327.9 319.2
3 Business 443.0 458.4 459.1
4 Real estate 165.4 172.3 176.1
5 LESS: Reserves for unearned income 68.3 69.7 69.9
6 Reserves for losses 15.6 16.7 17.2
7 Accounts receivable, net 856.1 872.2 867.3
8 All other 442.3 461.5 474.8
9 Total assets 1,298.4 1,333.7 1,342.1
LIABILITIES AND CAPITAL
10 Bank loans 35.7 35.9 41.6
11 Commercial paper 218.8 238.8 180.9
Debt
12 Owed to parent 100.0 102.5 97.2
13 Not elsewhere classified 507.3 502.2 533.8
14 All other liabilities 288.1 301.8 325.1
15 Capital, surplus, and undivided profits 148.5 152.5 163.5
16 Total liabilities and capital 1,298.4 1,333.7 1,342.1
2001
Account Q2 Q3 Q4
ASSETS
1 Accounts receivable, gross (2) 988.7 967.7 970.7
2 Consumer 324.5 329.2 340.0
3 Business 481.9 451.1 447.0
4 Real estate 182.3 187.4 183.7
5 LESS: Reserves for unearned income 61.5 60.8 60.4
6 Reserves for losses 17.4 18.0 20.9
7 Accounts receivable, net 909.7 888.9 889.4
8 All other 459.0 478.8 501.2
9 Total assets 1,368.7 1,367.7 1,390.6
LIABILITIES AND CAPITAL
10 Bank loans 45.3 44.5 50.8
11 Commercial paper 181.6 171.0 158.6
Debt
12 Owed to parent 93.4 91.7 99.3
13 Not elsewhere classified 542.1 555.8 567.6
14 All other liabilities 336.3 327.6 325.7
15 Capital, surplus, and undivided profits 170.0 177.2 188.7
16 Total liabilities and capital 1,368.7 1,367.7 1,390.6
2002
Account Q1 (r)
ASSETS
1 Accounts receivable, gross (2) 926.5
2 Consumer 329.8
3 Business 443.0
4 Real estate 153.8
5 LESS: Reserves for unearned income 59.1
6 Reserves for losses 21.3
7 Accounts receivable, net 846.1
8 All other 520.5
9 Total assets 1,366.6
LIABILITIES AND CAPITAL
10 Bank loans 49.4
11 Commercial paper 137.0
Debt
12 Owed to parent 82.6
13 Not elsewhere classified 572.8
14 All other liabilities 327.9
15 Capital, surplus, and undivided profits 197.0
16 Total liabilities and capital 1,366.6
(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 1999 2000 2001
Seasonally adjusted
1 Total 1,031.2 1,186.9 1,252.3
2 Consumer 410.2 465.2 514.6
3 Real estate 174.0 198.9 211.6
4 Business 446.9 522.8 526.2
Not seasonally adjusted
5 Total 1,036.4 1,192.1 1,257.6
6 Consumer 412.7 468.3 518.1
7 Motor vehicle loans 129.2 141.6 173.9
8 Motor vehicle leases 102.9 108.2 103.5
9 Revolving (2) 32.5 37.6 31.5
10 Other (3) 39.8 40.7 31.1
Securitized assets (4)
11 Motor vehicle loans 73.1 97.1 131.9
12 Motor vehicle leases 9.7 6.6 6.8
13 Revolving 6.7 19.6 25.0
14 Other 18.8 17.1 14.3
15 Real estate 174.0 198.9 211.6
16 One- to four-family 108.2 130.6 142.5
17 Other 37.6 41.7 41.2
Securitized real estate
assets (4)
18 One- to four-family 28.0 24.7 22.2
19 Other .2 1.9 5.7
20 Business 449.6 525.0 527.9
21 Motor vehicles 69.4 75.5 54.0
22 Retail loans 21.1 18.3 16.1
23 Wholesale loans (5) 34.8 39.7 20.3
24 Leases 13.6 17.6 17.6
25 Equipment 238.7 283.5 289.4
26 Loans 64.5 70.2 77.8
27 Leases 174.2 213.3 211.6
28 Other business
receivables (6) 87.0 99.4 103.5
Securitized assets (4)
29 Motor vehicles 31.5 37.8 50.1
30 Retail loans 2.9 3.2 5.1
31 Wholesale loans 26.4 32.5 42.5
32 Leases 2.1 2.2 2.5
33 Equipment 14.6 23.1 23.2
34 Loans 7.9 15.5 16.4
35 Leases 6.7 7.6 6.8
36 Other business
receivables (6) 8.4 5.6 7.7
2001 2002
Type of credit Nov. Dec. Jan.
Seasonally adjusted
1 Total 1,265.3 (r) 1,252.3 1,236.4 (r)
2 Consumer 511.0 514.6 512.1
3 Real estate 215.0 211.6 202.3 (r)
4 Business 539.3 (r) 526.2 522.0
Not seasonally adjusted
5 Total 1,259,5 (r) 1,257.6 1,240.4 (r)
6 Consumer 514.2 518.1 512.8
7 Motor vehicle loans 177.2 173.9 168.9
8 Motor vehicle leases 105.5 103.5 102.4
9 Revolving (2) 30.2 31.5 29.8
10 Other (3) 31.4 31.1 31.4
Securitized assets (4)
11 Motor vehicle loans 125.0 131.9 135.1
12 Motor vehicle leases 7.0 6.8 6.7
13 Revolving 23.4 25.0 24.6
14 Other 14.5 14.3 13.8
15 Real estate 215.0 211.6 202.3 (r)
16 One- to four-family 142.9 142.5 118.3
17 Other 44.9 41.2 39.4 (r)
Securitized real estate
assets (4)
18 One- to four-family 22.4 22.2 40.3
19 Other 4.8 5.7 4.3
20 Business 530.3 (r) 527.9 525.2
21 Motor vehicles 52.9 54.0 51.9
22 Retail loans 16.2 16.1 16.3
23 Wholesale loans (5) 19.5 20.3 18.0
24 Leases 17.2 17.6 17.6
25 Equipment 291.8 289.4 287.3
26 Loans 76.7 77.8 78.0
27 Leases 215.1 211.6 209.3
28 Other business
receivables (6) 110.8 103.5 103.7
Securitized assets (4)
29 Motor vehicles 45.2 (r) 50.1 48.4
30 Retail loans 4.4 (r) 5.1 4.0
31 Wholesale loans 38.3 42.5 41.9
32 Leases 2.6 (r) 2.5 2.6
33 Equipment 23.4 23.2 22.3
34 Loans 15.5 16.4 15.5
35 Leases 7.9 6.8 6.8
36 Other business
receivables (6) 6.2 7.7 11.6
2002
Type of credit Feb. Mar. Apr.
Seasonally adjusted
1 Total 1,243.1 (r) 1,236.2 (r) 1,231.0
2 Consumer 519.3 518.5 (r) 518.9
3 Real estate 199.7 (r) 195.0 192.4
4 Business 524.1 522.7 519.7
Not seasonally adjusted
5 Total 1,244.3 (r) 1,240.9 (r) 1,236.5
6 Consumer 517.6 514.1 (r) 514.9
7 Motor vehicle loans 172.5 171.9 (r) 168.7
8 Motor vehicle leases 101.2 97.5 96.8
9 Revolving (2) 28.8 27.9 29.0
10 Other (3) 31.8 32.4 32.5
Securitized assets (4)
11 Motor vehicle loans 136.8 137.7 (r) 142.2
12 Motor vehicle leases 6.6 6.5 6.4
13 Revolving 26.0 26.5 (r) 26.2
14 Other 13.9 13.6 13.2
15 Real estate 199.7 (r) 195.0 192.4
16 One- to four-family 118.7 (r) 117.0 113.6
17 Other 38.1 (r) 36.8 36.5
Securitized real estate
assets (4)
18 One- to four-family 40.1 39.8 40.9
19 Other 2.8 1.4 1.4
20 Business 527.0 531.9 529.1
21 Motor vehicles 54.3 58.0 56.9
22 Retail loans 16.7 17.1 16.1
23 Wholesale loans (5) 20.1 22.8 23.0
24 Leases 17.5 18.0 17.8
25 Equipment 285.5 284.2 283.0
26 Loans 78.7 81.5 82.2
27 Leases 206.7 202.7 200.7
28 Other business
receivables (6) 100.8 100.8 104.3
Securitized assets (4)
29 Motor vehicles 45.4 44.0 44.5
30 Retail loans 3.1 2.3 2.6
31 Wholesale loans 39.6 39.0 39.1
32 Leases 2.7 2.7 2.7
33 Equipment 25.5 25.4 20.8
34 Loans 18.6 18.5 14.2
35 Leases 6.8 6.9 6.7
36 Other business
receivables (6) 15.6 19.5 19.6
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 ttable. The new information ha 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 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 1999 2000
Terms and yields
in primary and
secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of dollars) 210.7 234.5
2 Amount of loan (thousands of dollars) 161.7 177.0
3 Loan-to-price ratio (percent) 78.7 77.4
4 Maturity (years) 28.8 29.2
5 Fees and charges (percent of loan amount) (2) .77 .70
Yield (percent per year)
6 Contract rate (1) 6.94 7.41
7 Effective rate (1,3) 7.06 7.52
8 Contract rate (HUD series) (4) 7.45 n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section 203) (5) 7.74 n.a.
10 GNMA securities (6) 7.03 7.57
Activity in
secondary markets
FEDERAL NATIONAL MORTGAGE ASSOCIATION
Mortgage holdings (end of period)
11 Total 523,941 610,122
12 FHA/VA insured 55,318 61,539
13 Conventional 468,623 548,583
14 Mortgage transactions purchased (during period) 195,210 154,231
Mortgage commitments (during period)
15 Issued (7) 187,948 163,689
16 To sell (8) 5,900 11,786
FEDERAL HOME LOAN MORTGAGE CORPORATION
Mortgage holdings (end of period) (8)
17 Total 324,443 385,693
18 FHA/VA insured 1,836 3,332
19 Conventional 322,607 382,361
Mortgage transactions (during period)
20 Purchases 239,793 174,043
21 Sales 233,031 166,901
22 Mortgage commitments contracted (during
period) (9) 228,432 169,231
2001
Item 2001 Nov.
Terms and yields
in primary and
secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of dollars) 245.0 252.2
2 Amount of loan (thousands of dollars) 184.2 189.1
3 Loan-to-price ratio (percent) 77.3 77.2
4 Maturity (years) 28.8 28.6
5 Fees and charges (percent of loan amount) (2) .67 .63
Yield (percent per year)
6 Contract rate (1) 6.90 6.54
7 Effective rate (1,3) 7.00 6.63
8 Contract rate (HUD series) (4) n.a. n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section 203) (5) n.a. n.a.
10 GNMA securities (6) 6.36 5.96
Activity in
secondary markets
FEDERAL NATIONAL MORTGAGE ASSOCIATION
Mortgage holdings (end of period)
11 Total n.a. n.a.
12 FHA/VA insured n.a. n.a.
13 Conventional n.a. n.a.
14 Mortgage transactions purchased (during period) 270,384 25,389
Mortgage commitments (during period)
15 Issued (7) 304,084 49,909
16 To sell (8) 7,586 807
FEDERAL HOME LOAN MORTGAGE CORPORATION
Mortgage holdings (end of period) (8)
17 Total 491,719 483,911
18 FHA/VA insured 3,506 3,562
19 Conventional 488,213 480,349
Mortgage transactions (during period)
20 Purchases n.a. n.a.
21 Sales 389,611 38,958
22 Mortgage commitments contracted (during
period) (9) 417,434 42,619
2001 2002
Item Dec. Jan.
Terms and yields
in primary and
secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of dollars) 253.0 245.8
2 Amount of loan (thousands of dollars) 190.0 186.7
3 Loan-to-price ratio (percent) 77.2 78.1
4 Maturity (years) 28.9 28.8
5 Fees and charges (percent of loan amount) (2) .69 .66
Yield (percent per year)
6 Contract rate (1) 6.68 6.77
7 Effective rate (1,3) 6.79 6.87
8 Contract rate (HUD series) (4) n.a. n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section 203) (5) n.a. n.a.
10 GNMA securities (6) 6.43 6.32
Activity in
secondary markets
FEDERAL NATIONAL MORTGAGE ASSOCIATION
Mortgage holdings (end of period)
11 Total n.a. n.a.
12 FHA/VA insured n.a. n.a.
13 Conventional n.a. n.a.
14 Mortgage transactions purchased (during period) 36,769 36,392
Mortgage commitments (during period)
15 Issued (7) 19,867 21,544
16 To sell (8) 2,083 255
FEDERAL HOME LOAN MORTGAGE CORPORATION
Mortgage holdings (end of period) (8)
17 Total 491,719 508,238
18 FHA/VA insured 3,506 3,447
19 Conventional 488,213 504,791
Mortgage transactions (during period)
20 Purchases n.a. n.a.
21 Sales 50,532 49,031
22 Mortgage commitments contracted (during
period) (9) 51,456 47,076
2002
Item Feb. Mar.
Terms and yields
in primary and
secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of dollars) 250.6 255.6
2 Amount of loan (thousands of dollars) 190.1 193.3
3 Loan-to-price ratio (percent) 78.2 78.2
4 Maturity (years) 28.8 29.1
5 Fees and charges (percent of loan amount) (2) .62 .62
Yield (percent per year)
6 Contract rate (1) 6.72 6.66
7 Effective rate (1,3) 6.82 6.76
8 Contract rate (HUD series) (4) n.a. n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section 203) (5) n.a. n.a.
10 GNMA securities (6) 6.13 6.50
Activity in
secondary markets
FEDERAL NATIONAL MORTGAGE ASSOCIATION
Mortgage holdings (end of period)
11 Total n.a. n.a.
12 FHA/VA insured n.a. n.a.
13 Conventional n.a. n.a.
14 Mortgage transactions purchased (during period) 33,249 21,305
Mortgage commitments (during period)
15 Issued (7) 19,321 13,340
16 To sell (8) 1,419 1,748
FEDERAL HOME LOAN MORTGAGE CORPORATION
Mortgage holdings (end of period) (8)
17 Total 522,886 526,107
18 FHA/VA insured 3,387 3,332
19 Conventional 519,499 522,775
Mortgage transactions (during period)
20 Purchases n.a. n.a.
21 Sales 47,473 42,545
22 Mortgage commitments contracted (during
period) (9) 41,442 41,561
2002
Item Apr. May
Terms and yields
in primary and
secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of dollars) 262.9 265.0
2 Amount of loan (thousands of dollars) 198.9 199.1
3 Loan-to-price ratio (percent) 77.7 77.2
4 Maturity (years) 28.8 29.0
5 Fees and charges (percent of loan amount) (2) .64 .59
Yield (percent per year)
6 Contract rate (1) 6.65 6.51
7 Effective rate (1,3) 6.74 6.59
8 Contract rate (HUD series) (4) n.a. n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section 203) (5) n.a. n.a.
10 GNMA securities (6) 6.33 6.21
Activity in
secondary markets
FEDERAL NATIONAL MORTGAGE ASSOCIATION
Mortgage holdings (end of period)
11 Total n.a. n.a.
12 FHA/VA insured n.a. n.a.
13 Conventional n.a. n.a.
14 Mortgage transactions purchased (during period) 23,175 17,432
Mortgage commitments (during period)
15 Issued (7) n.a. n.a.
16 To sell (8) n.a. n.a.
FEDERAL HOME LOAN MORTGAGE CORPORATION
Mortgage holdings (end of period) (8)
17 Total 521,611 515,732
18 FHA/VA insured 3,267 3,248
19 Conventional 518,344 512,484
Mortgage transactions (during period)
20 Purchases n.a. n.a.
21 Sales 40,704 29,831
22 Mortgage commitments contracted (during
period) (9) 36,368 n.a.
(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 1998 1999
1 All holders 5,718,488 (r) 6,325,012
By type of property
2 One- to four-family residences 4,367,367 (r) 4,792,280
3 Multifamily residences 332,605 371,242
4 Nonfarm, nonresidential 922,009 1,058,528
5 Farm 96,506 102,962
By type of holder
6 Major financial institutions 2,195,869 2,396,265
7 Commercial banks (2) 1,338,273 1,496,844
8 One- to four-family 798,009 880,208
9 Multifamily 54,174 67,666
10 Nonfarm, nonresidential 457,054 517,130
11 Farm 29,035 31,839
12 Savings institutions (3) 643,957 668,634
13 One- to four-family 533,895 549,046
14 Multifamily 56,847 59,168
15 Nonfarm, nonresidential 52,798 59,945
16 Farm 417 475
17 Life insurance companies 213,640 230,787
18 One- to four-family 6,590 5,934
19 Multifamily 31,522 32,818
20 Nonfarm, nonresidential 164,004 179,048
21 Farm 11,524 12,987
22 Federal and related agencies 293,613 (r) 322,132
23 Government National Mortgage
Association 7 7
24 One- to four-family 7 7
25 Multifamily 0 0
26 Farmers Home Administration (4) 40,851 73,871
27 One- to four-family 16,895 16,506
28 Multifamily 11,739 11,741
29 Nonfarm, nonresidential 7,705 41,355
30 Farm 4,513 4,268
31 Federal Housing Admin. and Dept. of
Veterans Affairs 3,674 3,712
32 One- to four-family 1,849 1,851
33 Multifamily 1,825 1,861
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 361 152
40 One- to four-family 58 25
41 Multifamily 70 29
42 Nonfarm, nonresidential 233 98
43 Farm 0 0
44 Federal National Mortgage Association 157,675 151,500
45 One- to four-family 147,594 141,195
46 Multifamily 10,081 10,305
47 Federal Land Banks 32,983 34,187
48 One- to four-family 1,941 2,012
49 Farm 31,042 (r) 32,175 (r)
50 Federal Home Loan Mortgage Corporation 57,085 56,676
51 One- to four-family 49,106 44,321
52 Multifamily 7,979 12,355
53 Mortgage pools or trusts (5) 2,581,297 2,948,245
54 Government National Mortgage
Association 537,446 582,263
55 One- to four-family 522,498 565,189
56 Multifamily 14,948 17,074
57 Federal Home Loan Mortgage Corporation 646,459 749,081
58 One- to four-family 643,465 744,619
59 Multifamily 2,994 4,462
60 Federal National Mortgage Association 834,517 960,883
61 One- to four-family 804,204 924,941
62 Multifamily 30,313 35,942
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 562,874 656,018
69 One- to four-family (6) 405,153 455,021
70 Multifamily 33,784 42,293
71 Nonfarm, nonresidential 123,937 158,704
72 Farm 0 0
73 Individuals and others (7) 647,709 658,371
74 One- to four-family 435,138 459,609
75 Multifamily 76,320 75,297
76 Nonfarm, nonresidential 116,277 102,248
77 Farm 19,974 21,217
2001
Type of holder and property 2000 Q1
1 All holders 6,887,458 7,011,255
By type of property
2 One- to four-family residences 5,205,588 5,300,170
3 Multifamily residences 406,189 415,235
4 Nonfarm, nonresidential 1,166,846 1,185,977
5 Farm 108,836 109,873
By type of holder
6 Major financial institutions 2,620,886 2,664,837
7 Commercial banks (2) 1,661,411 1,688,673
8 One- to four-family 966,502 978,144
9 Multifamily 77,821 79,890
10 Nonfarm, nonresidential 583,071 596,405
11 Farm 34,016 34,234
12 Savings institutions (3) 723,534 741,114
13 One- to four-family 595,053 608,289
14 Multifamily 61,094 62,666
15 Nonfarm, nonresidential 66,852 69,589
16 Farm 535 569
17 Life insurance companies 235,941 235,050
18 One- to four-family 4,903 4,877
19 Multifamily 33,681 33,557
20 Nonfarm, nonresidential 183,757 183,078
21 Farm 13,600 13,538
22 Federal and related agencies 343,962 347,463
23 Government National Mortgage
Association 6 6
24 One- to four-family 6 6
25 Multifamily 0 0
26 Farmers Home Administration (4) 73,323 73,361
27 One- to four-family 16,372 16,297
28 Multifamily 11,733 11,725
29 Nonfarm, nonresidential 41,070 41,247
30 Farm 4,148 4,093
31 Federal Housing Admin. and Dept. of
Veterans Affairs 3,507 2,873
32 One- to four-family 1,308 1,276
33 Multifamily 2,199 1,597
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 45 50
40 One- to four-family 7 8
41 Multifamily 9 10
42 Nonfarm, nonresidential 29 32
43 Farm 0 0
44 Federal National Mortgage Association 155,363 157,481
45 One- to four-family 144,150 145,014
46 Multifamily 11,213 12,467
47 Federal Land Banks 36,326 37,072
48 One- to four-family 2,137 2,181
49 Farm 34,189 (r) 34,189 (r)
50 Federal Home Loan Mortgage Corporation 59,240 60,110
51 One- to four-family 42,871 42,771
52 Multifamily 16,369 17,339
53 Mortgage pools or trusts (5) 3,231,415 3,300,561
54 Government National Mortgage
Association 611,553 601,523
55 One- to four-family 592,624 581,743
56 Multifamily 18,929 19,780
57 Federal Home Loan Mortgage Corporation 822,310 833,616
58 One- to four-family 816,602 827,769
59 Multifamily 5,708 5,847
60 Federal National Mortgage Association 1,057,750 1,099,049
61 One- to four-family 1,016,398 1,055,412
62 Multifamily 41,352 43,637
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 739,802 766,373
69 One- to four-family (6) 499,834 523,300
70 Multifamily 48,786 49,007
71 Nonfarm, nonresidential 191,182 194,066
72 Farm 0 0
73 Individuals and others (7) 691,196 698,394
74 One- to four-family 490,890 496,778
75 Multifamily 77,074 77,509
76 Nonfarm, nonresidential 100,884 101,559
77 Farm 22,348 22,547
2001
Type of holder and property Q2 Q3
1 All holders 7,217,523 7,410,814
By type of property
2 One- to four-family residences 5,460,014 5,602,177
3 Multifamily residences 426,896 440,658
4 Nonfarm, nonresidential 1,217,562 1,253,314
5 Farm 113,050 114,665
By type of holder
6 Major financial institutions 2,716,269 2,737,607
7 Commercial banks (2) 1,727,463 1,740,321
8 One- to four-family 999,396 989,081
9 Multifamily 80,542 84,051
10 Nonfarm, nonresidential 612,366 631,757
11 Farm 35,159 35,432
12 Savings institutions (3) 751,660 758,343
13 One- to four-family 616,506 620,882
14 Multifamily 63,193 64,193
15 Nonfarm, nonresidential 71,378 72,695
16 Farm 583 574
17 Life insurance companies 237,146 238,943
18 One- to four-family 5,003 5,085
19 Multifamily 33,842 33,842
20 Nonfarm, nonresidential 184,634 186,235
21 Farm 13,667 13,781
22 Federal and related agencies 356,817 363,001
23 Government National Mortgage
Association 6 9
24 One- to four-family 6 9
25 Multifamily 0 0
26 Farmers Home Administration (4) 73,206 72,118
27 One- to four-family 16,153 15,916
28 Multifamily 11,720 11,710
29 Nonfarm, nonresidential 41,262 40,470
30 Farm 4,072 4,023
31 Federal Housing Admin. and Dept. of
Veterans Affairs 2,918 3,155
32 One- to four-family 1,267 1,251
33 Multifamily 1,651 1,904
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 24 26
40 One- to four-family 4 4
41 Multifamily 5 5
42 Nonfarm, nonresidential 15 17
43 Farm 0 0
44 Federal National Mortgage Association 160,820 165,687
45 One- to four-family 147,730 151,786
46 Multifamily 13,090 13,901
47 Federal Land Banks 38,686 39,722
48 One- to four-family 2,276 2,337
49 Farm 36,410 (r) 37,385 (r)
50 Federal Home Loan Mortgage Corporation 61,542 59,638
51 One- to four-family 42,537 39,217
52 Multifamily 19,005 20,421
53 Mortgage pools or trusts (5) 3,432,654 3,583,079
54 Government National Mortgage
Association 598,019 603,186
55 One- to four-family 577,228 581,796
56 Multifamily 20,792 21,391
57 Federal Home Loan Mortgage Corporation 873,750 927,490
58 One- to four-family 867,924 921,709
59 Multifamily 5,826 5,781
60 Federal National Mortgage Association 1,163,978 1,228,131
61 One- to four-family 1,116,534 1,177,995
62 Multifamily 47,444 50,136
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 796,907 824,272
69 One- to four-family (6) 539,200 550,039
70 Multifamily 50,836 53,627
71 Nonfarm, nonresidential 206,871 220,606
72 Farm 0 0
73 Individuals and others (7) 711,784 727,126
74 One- to four-family 508,826 522,597
75 Multifamily 78,764 79,524
76 Nonfarm, nonresidential 101,035 101,534
77 Farm 23,160 23,471
2001 2002
Type of holder and property Q4 Q1
1 All holders 7,596,130 7,752,769
By type of property
2 One- to four-family residences 5,740,121 5,871,807
3 Multifamily residences 453,424 461,574
4 Nonfarm, nonresidential 1,286,358 1,301,486
5 Farm 116,227 117,902
By type of holder
6 Major financial institutions 2,792,907 2,789,210
7 Commercial banks (2) 1,793,061 1,802,265
8 One- to four-family 1,024,842 1,019,408
9 Multifamily 84,981 86,826
10 Nonfarm, nonresidential 647,669 660,052
11 Farm 35,569 35,978
12 Savings institutions (3) 758,109 745,915
13 One- to four-family 620,975 605,494
14 Multifamily 64,323 65,002
15 Nonfarm, nonresidential 72,275 74,863
16 Farm 536 557
17 Life insurance companies 241,737 241,030
18 One- to four-family 5,144 5,129
19 Multifamily 34,488 34,387
20 Nonfarm, nonresidential 188,165 187,615
21 Farm 13,940 13,899
22 Federal and related agencies 376,969 385,027
23 Government National Mortgage
Association 8 8
24 One- to four-family 8 8
25 Multifamily 0 0
26 Farmers Home Administration (4) 72,452 72,362
27 One- to four-family 15,824 15,665
28 Multifamily 11,712 11,707
29 Nonfarm, nonresidential 40,965 41,134
30 Farm 3,952 3,855
31 Federal Housing Admin. and Dept. of
Veterans Affairs 3,290 3,361
32 One- to four-family 1,260 1,255
33 Multifamily 2,031 2,105
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 13 7
40 One- to four-family 2 1
41 Multifamily 3 1
42 Nonfarm, nonresidential 8 4
43 Farm 0 0
44 Federal National Mortgage Association 169,908 176,051
45 One- to four-family 155,060 160,300
46 Multifamily 14,848 15,751
47 Federal Land Banks 40,855 41,981
48 One- to four-family 2,404 2,470
49 Farm 38,451 (r) 39,511
50 Federal Home Loan Mortgage Corporation 62,792 59,624
51 One- to four-family 40,309 35,955
52 Multifamily 22,483 23,669
53 Mortgage pools or trusts (5) 3,697,560 3,871,461
54 Government National Mortgage
Association 591,368 587,631
55 One- to four-family 569,460 564,535
56 Multifamily 21,908 23,096
57 Federal Home Loan Mortgage Corporation 948,409 1,012,478
58 One- to four-family 940,933 1,005,136
59 Multifamily 7,476 7,342
60 Federal National Mortgage Association 1,290,351 1,355,404
61 One- to four-family 1,238,125 1,301,374
62 Multifamily 52,226 54,030
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 867,432 915,948
69 One- to four-family (6) 574,500 618,400
70 Multifamily 56,910 57,808
71 Nonfarm, nonresidential 236,022 239,740
72 Farm 0 0
73 Individuals and others (7) 728,693 707,071
74 One- to four-family 523,781 505,183
75 Multifamily 79,880 79,709
76 Nonfarm, nonresidential 101,254 98,078
77 Farm 23,779 24,102
(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 1999 2000 2001
Seasonally adjusted
1 Total 1,416,316.0 1,560,571.0 1,669,283.0
2 Revolving 597,669.0 666,544.0 702,073.0
3 Nonrevolving (2) 818,647.0 894,027.0 967,210.0
Not seasonally adjusted
4 Total 1,446,127.0 1,593,051.0 1,703,291.0
By major holder
5 Commercial banks 499,758.0 541,470.0 558,023.0
6 Finance companies 201,549.0 219,783.0 236,511.0
7 Credit unions 167,921.0 184,434.0 189,570.0
8 Savings institutions 61,527.0 64,557.0 69,070.0
9 Nonfinancial business 80,311.0 82,662.0 67,939.0
10 Pools of securitized
assets (3) 435,061.0 500,145.0 582,178.0
By major type of credit (4)
11 Revolving 621,914.0 692,955.0 729,581.0
12 Commercial banks 189,352.0 218,063.0 224,486.0
13 Finance companies 32,483.0 37,561.0 31,484.0
14 Credit unions 20,641.0 22,226.0 22,265.0
15 Savings institutions 15,838.0 16,560.0 17,767.0
16 Nonfinancial business 42,783.0 42,430.0 29,790.0
17 Pools of securitized
assets (3) 320,817.0 356,114.0 403,789.0
18 Nonrevolving 824,213.0 900,095.0 973,710.0
19 Commercial banks 310,406.0 323,407.0 333,537.0
20 Finance companies 169,066.0 182,221.0 205,027.0
21 Credit unions 147,280.0 162,208.0 167,305.0
22 Savings institutions 45,689.0 47,997.0 51,303.0
23 Nonfinancial business 37,528.0 40,232.0 38,149.0
24 Pools of securitized
assets (3) 114,244.0 144,031.0 178,389.0
Holder and type of credit 2001 2002
Nov. Dec. Jan.
Seasonally adjusted
1 Total 1,665,354.0 1,669,283.0 1,675,493.0
2 Revolving 707,332.0 702,073.0 703,639.0
3 Nonrevolving (2) 958,022.0 967,210.0 971,854.0
Not seasonally adjusted
4 Total 1,672,897.0 1,703,291.0 1,688,710.0
By major holder
5 Commercial banks 550,083.0 558,023.0 557,190.0
6 Finance companies 238,850.0 236,511.0 230,055.0
7 Credit unions 189,570.0 188,126.0
8 Savings institutions 68,890.0 69,070.0 68,906.0
9 Nonfinancial business 60,384.0 67,939.0 63,183.0
10 Pools of securitized
assets (3) 565,961.0 582,178.0 581,250.0
By major type of credit (4)
11 Revolving 706,955.0 729,581.0 715,205.0
12 Commercial banks 219,566.0 224,486.0 218,979.0
13 Finance companies 30,245.0 31,484.0 29,762.0
14 Credit unions 21,597.0 22,265.0 21,516.0
15 Savings institutions 17,480.0 17,767.0 17,498.0
16 Nonfinancial business 24,463.0 29,790.0 26,280.0
17 Pools of securitized
assets (3) 393,605.0 403,789.0 401,170.0
18 Nonrevolving 965,942.0 973,710.0 973,506.0
19 Commercial banks 330,517.0 333,537.0 338,212.0
20 Finance companies 208,605.0 205,027.0 200,294.0
21 Credit unions 167,133.0 167,305.0 166,610.0
22 Savings institutions 51,410.0 51,303.0 51,408.0
23 Nonfinancial business 35,921.0 38,149.0 36,903.0
24 Pools of securitized
assets (3) 172,356.0 178,389.0 180,080.0
Holder and type of credit 2002
Feb. Mar. Apr.
Seasonally adjusted
1 Total 1,681,659.0 (r) 1,689,252.0 1,698,134.0
2 Revolving 704,210.0 (r) 707,336.0 711,457.0
3 Nonrevolving (2) 977,450.0 (r) 981,916.0 986,676.0
Not seasonally adjusted
4 Total 1,678,896.0 (r) 1,678,071.0 1,685,469.0
By major holder
5 Commercial banks 551,273.0 (r) 550,809.0 556,098.0
6 Finance companies 233,166.0 232,264.0 230,154.0
7 Credit unions 186,509.0 186,476.0 187,306.0
8 Savings institutions 68,758.0 68,595.0 69,424.0
9 Nonfinancial business 59,043.0 (r) 58,102.0 56,924.0
10 Pools of securitized
assets (3) 580,147.0 581,825.0 585,562.0
By major type of credit (4)
11 Revolving 705,071.0 (r) 701,107.0 706,767.0
12 Commercial banks 216,771.0 (r) 216,291.0 221,326.0
13 Finance companies 28,844.0 27,918.0 28,982.0
14 Credit unions 21,250.0 20,813.0 20,887.0
15 Savings institutions 17,256.0 16,988.0 17,495.0
16 Nonfinancial business 23,041.0 22,402.0 21,357.0
17 Pools of securitized
assets (3) 397,909.0 396,695.0 396,720.0
18 Nonrevolving 973,825.0 (r) 976,964.0 978,702.0
19 Commercial banks 334,502.0 (r) 334,518.0 334,772.0
20 Finance companies 204,322.0 204,346.0 201,172.0
21 Credit unions 165,259.0 165,663.0 166,419.0
22 Savings institutions 51,502.0 51,607.0 51,929.0
23 Nonfinancial business 36,002.0 (r) 35,699.0 35,568.0
24 Pools of securitized
assets (3) 182,238.00 185,131.0 188,843.0
(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 (42l) 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 carried on the balance sheets
of the loan originator.
(4.) Totals include estimates tot certain holders for which only
consumer credit totals are available.
1.56 TERMS OF CONSUMER CREDIT (1)
Percent per year except as noted
Item 1999 2000 2001
INTEREST RATES
Commercial banks (2)
1 48-month new car 8.44 9.34 8.50
2 24-month personal 13.39 13.90 13.22
Credit card plan
3 All accounts 15.21 15.71 14.89
4 Accounts assessed interest 14.81 14.91 14.44
Auto finance companies
5 New car 6.66 6.61 5.65
6 Used car 12.60 13.55 12.18
OTHER TERMS (3)
Maturity (months)
7 New car 52.7 54.9 55.1
8 Used car 55.9 57.0 57.5
Loan-to-value ratio
9 New car 92 92 91
10 Used car 99 99 100
Amount financed (dollars)
11 New car 19,880 20,923 22,822
12 Used car 13,642 14,058 14,416
2001
Item
Oct. Nov. Dec.
INTEREST RATES
Commercial banks (2)
1 48-month new car n.a. 7.86 n.a.
2 24-month personal n.a. 12.62 n.a.
Credit card plan
3 All accounts n.a. 14.22 n.a.
4 Accounts assessed interest n.a. 13.88 n.a.
Auto finance companies
5 New car 2.71 2.89 3.31
6 Used car 11.41 10.96 10.89
OTHER TERMS (3)
Maturity (months)
7 New car 53.7 51.0 48.6
8 Used car 57.2 56.7 56.5
Loan-to-value ratio
9 New car 94 92 91
10 Used car 100 100 100
Amount financed (dollars)
11 New car 24,443 24,934 24,812
12 Used car 14,627 14,669 14,653
2002
Item
Jan. Feb. Mar. Apr.
INTEREST RATES
Commercial banks (2)
1 48-month new car n.a. 7.50 n.a. n.a.
2 24-month personal n.a. 11.72 n.a. n.a.
Credit card plan
3 All accounts n.a. 13.65 n.a. n.a.
4 Accounts assessed interest n.a. 12.98 n.a. n.a.
Auto finance companies
5 New car 4.02 n.a. n.a. n.a.
6 Used car 10.84 n.a. n.a. n.a.
OTHER TERMS (3)
Maturity (months)
7 New car 48.8 56.4 56.4 55.9
8 Used car 57.3 57.8 57.7 57.7
Loan-to-value ratio
9 New car 90 89 90 93
10 Used car 100 100 100 101
Amount financed (dollars)
11 New car 24,137 22,741 23,065 23,535
12 Used car 14,355 14,049 14,149 14,363
(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
1996 1997 1998 1999
Transaction category or sector
Nonfinancial sectors
1 Total net borrowing by domestic
nonfinancial sectors 733.6 804.7 1,042.9 1,069.4
By sector and instrument
2 Federal government 144.9 23.1 -52.6 -71.2
3 Treasury securities 146.6 23.2 -54.6 -71.0
4 Budget agency securities and
mortgages -1.6 -.1 2.0 -.2
5 Nonfederal 588.6 781.6 1,095.5 1,140.6
By instrument
6 Commercial paper -.9 13.7 24.4 37.4
7 Municipal securities and
loans 2.6 71.4 96.8 68.2
8 Corporate bonds 116.3 150.5 218.7 229.9
9 Bank loans n.e.c. 70.4 106.4 108.1 82.6
10 Other loans and advances 28.7 59.5 82.1 57.1
11 Mortgages 280.4 322.5 490.4 565.9
12 Home 245.7 258.3 387.2 424.8
13 Multifamily residential 9.4 7.5 22.2 36.4
14 Commercial 22.6 53.5 74.5 98.9
15 Farm 2.7 3.1 6.5 5.8
16 Consumer credit 91.3 57.5 75.0 99.5
By borrowing sector
17 Household 343.8 332.7 454.4 501.6
18 Nonfinancial business 251.6 392.8 560.8 586.6
19 Corporate 179.4 291.9 393.1 398.7
20 Nonfarm noncorporate 67.3 94.7 159.7 182.4
21 Farm 4.9 6.2 8.0 5.5
22 State and local government -6.8 56.1 80.3 52.3
23 Foreign net borrowing in
United States 88.4 71.8 43.4 27.9
24 Commercial paper 11.3 3.7 7.8 16.3
25 Bonds 67.0 61.4 34.9 16.8
26 Bank loans n.e.c. 9.1 8.5 6.7 0.5
27 Other loans and advances 1.0 -1.8 -6.0 -5.7
28 Total domestic plus foreign 822.0 876.5 1,086.3 1,097.3
Financial sectors
29 Total net borrowing by
financial sectors 550.1 662.2 1087.2 1084.4
By instrument
30 Federal government-related 231.40 212.9 470.9 592.0
31 Government-sponsored
enterprise securities 90.4 98.4 278.3 318.2
32 Mortgage pool securities 141.0 114.6 192.6 273.8
33 Loans from U.S. government .0 .0 .0 .0
34 Private 318.7 449.3 616.3 492.5
35 Open market paper 92.2 166.7 161.0 176.2
36 Corporate bonds 178.1 218.9 310.1 218.2
37 Bank loans n.e.c. 12.6 13.3 30.1 -14.2
38 Other loans and advances 27.9 35.6 90.2 107.1
39 Mortgages 7.9 14.9 24.8 5.1
By borrowing sector
40 Commercial banking 13.0 46.1 72.9 67.2
41 Savings institutions 25.5 19.7 52.2 48.0
42 Credit unions .1 .1 .6 2.2
43 Life insurance companies 1.1 .2 .7 .7
44 Government-sponsored enterprises 90.4 98.4 278.3 318.2
45 Federally related mortgage
pools 141.0 114.6 192.6 273.8
46 Issuers of asset-backed
securities (ABSs) 150.8 202.2 321.4 223.4
47 Finance companies 50.6 57.8 57.1 70.3
48 Mortgage companies 4.1 -4.6 1.6 .2
49 Real estate investment
trusts (REITs) 11.9 39.6 62.7 6.3
50 Brokers and dealers -2.0 8.1 7.2 -17.2
51 Funding corporations 63.8 79.9 40.0 91.5
All sectors
52 Total net borrowing, all
sectors 1,372.0 1,538.7 2,173.4 2,181.7
53 Open market paper 102.6 184.1 193.1 229.9
54 U.S. government securities 376.3 236.0 418.3 520.7
55 Municipal securities 2.6 71.4 96.8 68.2
56 Corporate and foreign bonds 361.3 430.8 563.7 465.0
57 Bank loans n.e.c. 92.1 128.2 145.0 68.9
58 Other loans and advances 57.7 93.2 166.3 158.5
59 Mortgages 288.2 337.4 515.2 571.0
60 Consumer credit 91.3 57.5 75.0 99.5
Funds raised through mutual funds
and corporate equities
61 Total net issues 232.9 185.3 113.7 156.6
62 Corporate equities -4.7 -79.9 -165.8 -34.6
63 Nonfinancial corporations -69.5 -114.4 -267.0 -143.5
64 Foreign shares purchased by
U.S. residents 82.8 57.6 101.3 114.4
65 Financial corporations -18.1 -23.0 -.1 -5.5
66 Mutual fund shares 237.6 265.1 279.5 191.2
2000 2001
2000
Transaction category or sector Q3 Q4 Q1
Nonfinancial sectors
1 Total net borrowing by domestic
nonfinancial sectors 861.8 810.8 758.0 974.1
By sector and instrument
2 Federal government -295.9 -226.2 -331.3 -4.3
3 Treasury securities -294.9 -223.8 -330.2 -2.1
4 Budget agency securities and
mortgages -1.0 -2.4 -1.2 -2.2
5 Nonfederal 1,157.6 1,037.0 1,089.3 978.4
By instrument
6 Commercial paper 48.1 56.1 -4.0 -199.2
7 Municipal securities and
loans 35.3 31.0 60.10 110.7
8 Corporate bonds 171.1 168.8 175.6 399.5
9 Bank loans n.e.c. 103.1 47.0 59.3 -16.0
10 Other loans and advances 101.5 16.5 125.2 -12.6
11 Mortgages 559.6 563.8 542.4 551.5
12 Home 416.5 438.0 390.5 429.9
13 Multifamily residential 34.5 27.0 39.8 34.3
14 Commercial 102.1 92.3 110.1 83.0
15 Farm 6.5 6.5 2.0 4.3
16 Consumer credit 139.0 153.8 130.7 144.5
By borrowing sector
17 Household 545.9 573.2 500.7 520.4
18 Nonfinancial business 584.6 440.0 534.9 354.2
19 Corporate 403.0 278.8 362.9 186.6
20 Nonfarm noncorporate 170.7 154.1 159.2 161.6
21 Farm 10.9 7.2 12.8 5.9
22 State and local government 27.2 23.8 53.7 103.9
23 Foreign net borrowing in
United States 67.0 88.6 66.8 8.7
24 Commercial paper 31.7 7.0 50.1 -26.5
25 Bonds 25.2 71.4 9.0 33.3
26 Bank loans n.e.c. 11.3 11.9 12.2 13.6
27 Other loans and advances -1.3 -1.7 -4.6 -11.6
28 Total domestic plus foreign 928.7 899.4 824.8 982.8
Financial sectors
29 Total net borrowing by
financial sectors 815.6 794.0 963.1 862.7
By instrument
30 Federal government-related 433.5 514.8 613.6 432.6
31 Government-sponsored
enterprise securities 234.1 278.1 304.5 262.3
32 Mortgage pool securities 199.4 236.7 309.1 170.3
33 Loans from U.S. government .0 .0 .0 .0
34 Private 382.1 279.2 349.5 430.1
35 Open market paper 127.7 106.5 153.2 -134.6
36 Corporate bonds 205.9 205.0 203.7 437.4
37 Bank loans n.e.c. -.3 -6.7 -4.4 27.0
38 Other loans and advances 42.5 -31.6 -4.8 107.8
39 Mortgages 6.2 6.0 1.8 -7.5
By borrowing sector
40 Commercial banking 60.0 43.4 18.8 148.3
41 Savings institutions 27.3 -37.9 20.4 62.4
42 Credit unions .0 1.1 1.0 -.6
43 Life insurance companies -.7 -.3 -.7 -2.4
44 Government-sponsored enterprises 234.1 278.1 304.5 262.3
45 Federally related mortgage
pools 199.4 236.7 309.1 170.3
46 Issuers of asset-backed
securities (ABSs) 196.3 156.2 307.9 295.8
47 Finance companies 81.2 98.1 26.1 -72.8
48 Mortgage companies .1 -0.3 1.0 .7
49 Real estate investment
trusts (REITs) 2.7 -2.4 -8.1 -6.1
50 Brokers and dealers 15.6 25.4 -6.6 -23.7
51 Funding corporations -.4 -4.2 -10.4 28.6
All sectors
52 Total net borrowing, all
sectors 1,744.3 1,693.4 1,787.8 1,845.5
53 Open market paper 207.5 169.7 199.3 -360.2
54 U.S. government securities 137.6 288.6 282.2 428.2
55 Municipal securities 35.3 31.0 60.1 110.7
56 Corporate and foreign bonds 402.2 445.2 388.3 870.2
57 Bank loans n.e.c. 114.1 52.2 67.1 24.6
58 Other loans and advances 142.7 -16.8 115.8 83.6
59 Mortgages 565.8 569.8 544.2 544.0
60 Consumer credit 139.0 153.8 130.7 144.5
Funds raised through mutual funds
and corporate equities
61 Total net issues 193.3 224.7 -35.1 240.0
62 Corporate equities -41.7 -50.4 -184.6 143.2
63 Nonfinancial corporations -159.7 -87.8 -367.5 -25.2
64 Foreign shares purchased by
U.S. residents 99.7 61.1 89.4 109.2
65 Financial corporations 18.3 -23.7 93.4 59.1
66 Mutual fund shares 235.0 275.1 149.5 96.8
2001 2002
Transaction category or sector Q2 Q3 Q4 Q1
Nonfinancial sectors
1 Total net borrowing by domestic
nonfinancial sectors 985.4 1,328.5 1,127.0 999.4
By sector and instrument
2 Federal government -256.0 225.7 -17.6 112.0
3 Treasury securities -257.1 256.0 -16.9 113.8
4 Budget agency securities and
mortgages 1.1 -.4 -.7 -1.8
5 Nonfederal 1,241.4 1,072.8 1,144.6 887.4
By instrument
6 Commercial paper -133.4 -66.1 45.5 -155.7
7 Municipal securities and
loans 112.4 56.0 191.1 78.7
8 Corporate bonds 419.5 187.9 323.5 233.8
9 Bank loans n.e.c. -144.1 -5.4 -183.8 -15.4
10 Other loans and advances 118.2 81.9 -108.9 -25.6
11 Mortgages 792.8 747.8 727.2 691.7
12 Home 623.1 538.9 541.5 593.6
13 Multifamily residential 45.3 56.3 51.9 30.3
14 Commercial 112.0 146.0 127.8 61.2
15 Farm 12.3 6.7 6.1 6.6
16 Consumer credit 76.0 70.6 149.9 79.9
By borrowing sector
17 Household 667.6 648.6 622.0 695.8
18 Nonfinancial business 465.2 381.2 365.2 127.4
19 Corporate 284.4 223.9 214.2 12.6
20 Nonfarm noncorporate 170.9 153.9 140.8 109.6
21 Farm 9.9 3.4 10.2 5.2
22 State and local government 108.7 43.0 157.5 64.2
23 Foreign net borrowing in
United States -53.4 -102.8 12.1 49.4
24 Commercial paper -6.7 -27.6 3.9 66.6
25 Bonds -15.9 -78.8 27.4 -16.1
26 Bank loans n.e.c. -31.6 4.4 -16.3 14.1
27 Other loans and advances .7 -0.8 -2.9 -15.2
28 Total domestic plus foreign 932.0 1,225.7 1,139.1 1048.8
Financial sectors
29 Total net borrowing by
financial sectors 796.9 1108.5 949.4 933.3
By instrument
30 Federal government-related 674.6 818.4 591.8 692.8
31 Government-sponsored
enterprise securities 268.3 326.2 306.5 191.3
32 Mortgage pool securities 406.2 492.2 285.3 501.5
33 Loans from U.S. government .0 .0 .0 .0
34 Private 122.3 290.1 357.6 240.5
35 Open market paper -85.4 -85.6 58.2 -244.4
36 Corporate bonds 188.3 326.7 295.3 457.9
37 Bank loans n.e.c. 14.2 -7.1 21.0 3.1
38 Other loans and advances -11.0 58.0 -15.3 17.3
39 Mortgages 16.2 -1.9 -1.6 6.6
By borrowing sector
40 Commercial banking -15.8 59.0 19.9 39.1
41 Savings institutions 16.0 19.4 -68.1 -25.7
42 Credit unions .8 1.5 4.4 2.4
43 Life insurance companies .1 3.5 1.4 2.4
44 Government-sponsored enterprises 268.3 326.2 306.5 191.3
45 Federally related mortgage
pools 406.2 492.2 285.3 501.5
46 Issuers of asset-backed
securities (ABSs) 172.3 324.3 360.1 370.0
47 Finance companies 64.1 21.5 -12.6 -61.3
48 Mortgage companies .6 .8 .6 .8
49 Real estate investment
trusts (REITs) 10.5 -2.4 7.8 7.4
50 Brokers and dealers 35.6 12.6 -19.0 -10.4
51 Funding corporations -162.0 -150.2 62.9 -84.1
All sectors
52 Total net borrowing, all
sectors 1,728.8 2,334.2 2,088.5 1,982.1
53 Open market paper -225.5 -179.3 107.6 -333.5
54 U.S. government securities 418.5 1,074.1 574.2 804.8
55 Municipal securities 112.4 56.0 191.1 78.7
56 Corporate and foreign bonds 591.9 435.8 646.2 675.6
57 Bank loans n.e.c. -161.5 -8.0 -179.0 1.7
58 Other loans and advances 107.9 139.2 -127.1 -23.4
59 Mortgages 809.0 745.9 725.6 698.3
60 Consumer credit 76.0 70.6 149.9 79.9
Funds raised through mutual funds
and corporate equities
61 Total net issues 411.7 94.6 395.2 389.8
62 Corporate equities 128.7 -67.9 131.7 31.5
63 Nonfinancial corporations -70.9 -126.4 -7.3 20.2
64 Foreign shares purchased by
U.S. residents 220.3 36.6 74.7 -26.6
65 Financial corporations -20.7 22.0 64.3 37.9
66 Mutual fund shares 283.0 162.5 263.6 358.3
(1.) Data in this table also appear in the Board's Z. 1 (780) quarterly
statistical release, tables F.2 through F4. 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 1996 1997 1998
NET LENDING IN CREDIT MARKETS (2)
1 Total net lending in credit markets 1,372.0 1,538.7 2,173.4
2 Domestic nonfederal nonfinancial
sectors 73.9 -22.2 173.2
3 Household 113.9 -12.2 41.4
4 Nonfinancial corporate business -10.2 -12.7 -16.0
5 Nonfarm noncorporate business 4.0 2.6 13.3
6 State and local governments -33.7 .1 134.5
7 Federal government -7.2 5.1 13.5
8 Rest of the world 414.4 311.3 254.2
9 Financial sectors 890.9 1,244.5 1,732.5
10 Monetary authority 12.3 38.3 21.1
11 Commercial banking 187.5 324.3 305.2
12 U.S.-chartered banks 119.6 274.9 312.0
13 Foreign banking offices in United
States 63.3 40.2 -11.9
14 Bank holding companies 3.9 5.4 -.9
15 Banks in U.S.-affiliated areas .7 3.7 6.0
16 Savings institutions 19.9 -4.7 36.1
17 Credit unions 25.5 16.8 19.0
18 Bank personal trusts and estates -7.7 -25.0 -12.8
19 Life insurance companies 69.6 104.8 76.9
20 Other insurance companies 22.5 25.2 5.8
21 Private pension funds -4.1 47.6 -22.8
22 State and local government
retirement funds 35.8 67.1 72.1
23 Money market mutual funds 88.8 87.5 244.0
24 Mutual funds 48.9 80.9 127.3
25 Closed-end funds 4.6 -2.5 5.5
26 Government-sponsored enterprises 97.4 106.6 314.6
27 Federally related mortgage pools 141.0 114.6 192.6
28 Asset-backed securities issuers
(ABSs) 120.5 163.8 281.7
29 Finance companies 18.9 23.1 77.3
30 Mortgage companies 8.2 -9.1 3.2
31 Real estate investment trusts
(REITs) 4.4 20.2 -5.1
32 Brokers and dealers -15.7 14.9 6.8
33 Funding corporations 12.6 50.4 -15.8
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 1,372.0 1,538.7 2,173.4
Other financial sources
35 Official foreign exchange -6.3 .7 6.6
36 Special drawing rights certificates -.5 -.5 .0
37 Treasury currency .5 .5 .6
38 Foreign deposits 85.9 107.7 6.5
39 Net interbank transactions -51.6 -19.7 -32.3
40 Checkable deposits and currency 15.7 41.2 47.4
41 Small time and savings deposits 97.2 97.1 152.4
42 Large time deposits 114.0 122.5 92.1
43 Money market fund shares 145.4 155.9 287.2
44 Security repurchase agreements 41.4 120.9 91.3
45 Corporate equities -4.7 -79.9 -165.8
46 Mutual fund shares 237.6 265.1 279.5
47 Trade payables 123.3 139.7 107.8
48 Security credit 52.4 111.0 103.3
49 Life insurance reserves 44.5 59.3 48.0
50 Pension fund reserves 148.3 201.4 217.1
51 Taxes payable 19.5 22.3 19.6
52 Investment in bank personal trusts -5.3 -49.9 -41.8
53 Noncorporate proprietors' equity 5.5 -40.7 -57.8
54 Miscellaneous 526.1 493.6 978.7
55 Total financial sources 2,961.1 3,287.1 4,313.7
Liabilities not identified as
assets (-)
56 Treasury currency -.4 -.2 -.1
57 Foreign deposits 59.4 106.2 -8.5
58 Net interbank liabilities -3.3 -19.9 3.4
59 Security repurchase agreements 2.4 63.2 57.7
60 Taxes payable 23.1 28.0 19.7
61 Miscellaneous -173.7 -244.7 -161.6
Floats not included in assets (-)
62 Federal government checkable deposits .5 -2.7 2.6
63 Other checkable deposits -4.0 -3.9 -31.0
64 Trade credit -25.4 -29.2 -40.9
65 Total identified to sectors as assets 3,082.7 3,390.1 4,444.6
Transaction category or sector 1999 2000
NET LENDING IN CREDIT MARKETS (2)
1 Total net lending in credit markets 2,181.7 1,744.3
2 Domestic nonfederal nonfinancial
sectors 208.6 -160.2
3 Household 198.8 -175.7
4 Nonfinancial corporate business -15.6 17.5
5 Nonfarm noncorporate business -3.0 -1.2
6 State and local governments 28.4 -.8
7 Federal government 5.8 7.3
8 Rest of the world 208.8 279.3
9 Financial sectors 1,758.5 1,617.8
10 Monetary authority 25.7 33.7
11 Commercial banking 308.2 358.4
12 U.S.-chartered banks 317.6 339.8
13 Foreign banking offices in United
States -20.1 24.0
14 Bank holding companies 6.2 -12.2
15 Banks in U.S.-affiliated areas 4.4 6.7
16 Savings institutions 68.6 56.5
17 Credit unions 27.5 30.5
18 Bank personal trusts and estates 27.8 17.1
19 Life insurance companies 53.5 57.9
20 Other insurance companies -3.0 -8.7
21 Private pension funds 10.8 39.2
22 State and local government
retirement funds 46.9 54.6
23 Money market mutual funds 182.0 143.0
24 Mutual funds 48.4 21.0
25 Closed-end funds 7.4 -4.7
26 Government-sponsored enterprises 291.7 250.9
27 Federally related mortgage pools 273.8 199.4
28 Asset-backed securities issuers
(ABSs) 205.2 166.4
29 Finance companies 97.0 108.0
30 Mortgage companies .3 .2
31 Real estate investment trusts
(REITs) -2.6 -6.3
32 Brokers and dealers -34.7 68.9
33 Funding corporations 124.1 31.8
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 2,181.7 1,744.3
Other financial sources
35 Official foreign exchange -8.7 -.4
36 Special drawing rights certificates -3.0 -4.0
37 Treasury currency 1.0 2.4
38 Foreign deposits 61.0 120.8
39 Net interbank transactions 18.4 13.6
40 Checkable deposits and currency 151.4 -71.5
41 Small time and savings deposits 44.7 190.7
42 Large time deposits 130.6 118.4
43 Money market fund shares 249.1 233.3
44 Security repurchase agreements 169.7 110.7
45 Corporate equities -34.6 -41.7
46 Mutual fund shares 191.2 235.0
47 Trade payables 270.5 169.1
48 Security credit 104.3 146.1
49 Life insurance reserves 50.8 50.2
50 Pension fund reserves 181.4 215.6
51 Taxes payable 23.2 21.7
52 Investment in bank personal trusts -6.5 -29.7
53 Noncorporate proprietors' equity -38.1 -2.5
54 Miscellaneous 997.0 1,139.1
55 Total financial sources 4,735.1 4,361.1
Liabilities not identified as
assets (-)
56 Treasury currency -.7 -1.2
57 Foreign deposits 42.6 56.3
58 Net interbank liabilities 3.5 17.4
59 Security repurchase agreements 35.6 117.1
60 Taxes payable 6.5 14.1
61 Miscellaneous -355.4 -332.5
Floats not included in assets (-)
62 Federal government checkable deposits -7.4 9.0
63 Other checkable deposits -.8 1.7
64 Trade credit 7.2 14.0
65 Total identified to sectors as assets 5,004.0 4,465.2
2000
Transaction category or sector Q3 Q4
NET LENDING IN CREDIT MARKETS (2)
1 Total net lending in credit markets 1,693.4 1,787.8
2 Domestic nonfederal nonfinancial
sectors -240.8 -251.4
3 Household -211.2 -1,762
4 Nonfinancial corporate business -5.4 -77.1
5 Nonfarm noncorporate business 2.2 -.2
6 State and local governments -26.4 2.1
7 Federal government 4.5 10.6
8 Rest of the world 216.2 387.8
9 Financial sectors 1,713.5 1,640.8
10 Monetary authority 39.1 -.9
11 Commercial banking 363.2 157.0
12 U.S.-chartered banks 324.8 75.3
13 Foreign banking offices in United
States 32.8 81.1
14 Bank holding companies -6.7 -3.2
15 Banks in U.S.-affiliated areas 12.3 3.8
16 Savings institutions 62.7 42.5
17 Credit unions 21.2 33.6
18 Bank personal trusts and estates 17.6 18.1
19 Life insurance companies 74.8 38.8
20 Other insurance companies 6.2 -11.7
21 Private pension funds 56.1 26.0
22 State and local government
retirement funds 37.6 86.1
23 Money market mutual funds 256.1 272.7
24 Mutual funds 50.2 57.8
25 Closed-end funds -4.7 -4.7
26 Government-sponsored enterprises 228.6 318.8
27 Federally related mortgage pools 236.7 309.1
28 Asset-backed securities issuers
(ABSs) 120.9 278.9
29 Finance companies 102.8 36.2
30 Mortgage companies -.5 2.0
31 Real estate investment trusts
(REITs) -3.6 -2.8
32 Brokers and dealers 152.1 -69.0
33 Funding corporations -103.5 52.3
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 1,693.4 1,787.8
Other financial sources
35 Official foreign exchange .7 4.9
36 Special drawing rights certificates -4.0 -4.0
37 Treasury currency 4.2 .0
38 Foreign deposits -40.8 207.4
39 Net interbank transactions 24.4 18.0
40 Checkable deposits and currency 5.0 -50.2
41 Small time and savings deposits 224.5 310.8
42 Large time deposits 152.9 65.2
43 Money market fund shares 250.9 371.0
44 Security repurchase agreements 277.1 -265.4
45 Corporate equities -50.4 -184.6
46 Mutual fund shares 275.1 149.5
47 Trade payables 137.1 116.5
48 Security credit 97.5 74.4
49 Life insurance reserves 53.0 47.3
50 Pension fund reserves 219.9 147.9
51 Taxes payable 4.1 25.4
52 Investment in bank personal trusts -29.2 -28.0
53 Noncorporate proprietors' equity 26.6 -6.7
54 Miscellaneous 1,507.0 832.2
55 Total financial sources 4,829.1 3,619.5
Liabilities not identified as
assets (-)
56 Treasury currency .9 -3.3
57 Foreign deposits -100.2 194.6
58 Net interbank liabilities -12.1 51.1
59 Security repurchase agreements 170.4 -295.7
60 Taxes payable -1.8 44.1
61 Miscellaneous -65.4 -427.4
Floats not included in assets (-)
62 Federal government checkable deposits 3.0 -2.1
63 Other checkable deposits 1.9 2.4
64 Trade credit -26.6 73.3
65 Total identified to sectors as assets 4,859.0 3,982.6
2001
Transaction category or sector Q1 Q2
NET LENDING IN CREDIT MARKETS (2)
1 Total net lending in credit markets 1,845.5 1,728.8
2 Domestic nonfederal nonfinancial
sectors -193.3 -268.6
3 Household -269.6 -261.5
4 Nonfinancial corporate business 31.6 17.4
5 Nonfarm noncorporate business 3.2 .3
6 State and local governments 41.5 -24.8
7 Federal government 4.6 9.4
8 Rest of the world 410.6 349.2
9 Financial sectors 1,623.6 1,638.9
10 Monetary authority 53.7 26.4
11 Commercial banking 138.4 148.8
12 U.S.-chartered banks 93.5 194.5
13 Foreign banking offices in United
States 41.3 -48.6
14 Bank holding companies 7.3 -2.8
15 Banks in U.S.-affiliated areas -3.6 5.6
16 Savings institutions 52.5 57.3
17 Credit unions 23.2 7.6
18 Bank personal trusts and estates 10.7 13.4
19 Life insurance companies 95.3 124.9
20 Other insurance companies 2.1 .1
21 Private pension funds 24.5 50.8
22 State and local government
retirement funds -70.7 77.0
23 Money market mutual funds 328.2 164.7
24 Mutual funds 78.1 165.7
25 Closed-end funds -1.7 -1.7
26 Government-sponsored enterprises 311.8 321.3
27 Federally related mortgage pools 170.3 406.2
28 Asset-backed securities issuers
(ABSs) 269.8 150.0
29 Finance companies -.9 126.7
30 Mortgage companies 1.4 1.1
31 Real estate investment trusts
(REITs) 4.0 1.1
32 Brokers and dealers 310.9 14.0
33 Funding corporations -178.1 -216.6
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 1,845.5 1,728.8
Other financial sources
35 Official foreign exchange -1.5 4.7
36 Special drawing rights certificates .0 .0
37 Treasury currency -1.1 1.1
38 Foreign deposits 235.5 -170.2
39 Net interbank transactions -162.9 -4.9
40 Checkable deposits and currency 184.2 82.8
41 Small time and savings deposits 280.2 202.6
42 Large time deposits 128.1 53.9
43 Money market fund shares 621.6 322.3
44 Security repurchase agreements -86.6 168.7
45 Corporate equities 143.2 128.7
46 Mutual fund shares 96.8 283.0
47 Trade payables 74.7 -89.4
48 Security credit -85.4 -83.3
49 Life insurance reserves 52.7 53.2
50 Pension fund reserves 244.8 169.0
51 Taxes payable .5 16.2
52 Investment in bank personal trusts -26.1 -22.7
53 Noncorporate proprietors' equity -20.8 -3.5
54 Miscellaneous 1,069.2 1,048.9
55 Total financial sources 4,592.5 3,889.9
Liabilities not identified as
assets (-)
56 Treasury currency -3.6 -.5
57 Foreign deposits 169.5 -154.3
58 Net interbank liabilities 25.9 4.5
59 Security repurchase agreements -262.7 171.6
60 Taxes payable -2.4 -16.8
61 Miscellaneous -102.5 -416.4
Floats not included in assets (-)
62 Federal government checkable deposits 63.1 3.5
63 Other checkable deposits 3.8 3.9
64 Trade credit -9.9 -38.0
65 Total identified to sectors as assets 4,711.3 4,332.4
2001 2002
Transaction category or sector Q3 Q4 Q1
NET LENDING IN CREDIT MARKETS (2)
1 Total net lending in credit markets 2,334.2 2,088.5 1,982.1
2 Domestic nonfederal nonfinancial
sectors -85.7 -255.0 304.8
3 Household -53.3 -257.3 227.6
4 Nonfinancial corporate business -25.3 -50.7 32.4
5 Nonfarm noncorporate business 3.3 2.0 3.3
6 State and local governments -10.4 51.0 41.4
7 Federal government 3.6 6.9 -7.5
8 Rest of the world 389.0 563.2 271.4
9 Financial sectors 2,027.3 1,773.4 1,413.5
10 Monetary authority 8.7 70.5 98.7
11 Commercial banking 253.3 282.8 182.9
12 U.S.-chartered banks 233.9 246.2 163.4
13 Foreign banking offices in United
States 16.5 3.4 1.2
14 Bank holding companies -1.4 13.6 12.0
15 Banks in U.S.-affiliated areas 4.2 19.6 6.3
16 Savings institutions -8.3 66.3 17.6
17 Credit unions 61.7 61.8 54.7
18 Bank personal trusts and estates 8.8 8.6 6.1
19 Life insurance companies 179.3 107.1 152.4
20 Other insurance companies 5.1 32.8 36.3
21 Private pension funds 30.2 18.7 -40.8
22 State and local government
retirement funds -74.2 7.3 76.8
23 Money market mutual funds 379.1 112.2 -294.3
24 Mutual funds 103.7 156.6 262.2
25 Closed-end funds -1.7 -1.7 -1.7
26 Government-sponsored enterprises 264.6 314.5 283.7
27 Federally related mortgage pools 492.2 285.3 501.5
28 Asset-backed securities issuers
(ABSs) 297.6 337.8 345.2
29 Finance companies -42.0 -17.0 -143.2
30 Mortgage companies 1.7 1.2 1.6
31 Real estate investment trusts
(REITs) 7.8 14.0 16.5
32 Brokers and dealers 236.0 -94.9 -248.7
33 Funding corporations -176.2 9.6 105.9
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 2,334.2 2,088.5 1,982.1
Other financial sources
35 Official foreign exchange 13.7 .2 -1.8
36 Special drawing rights certificates .0 .0 .0
37 Treasury currency .0 .0 .0
38 Foreign deposits 140.1 132.2 -25.0
39 Net interbank transactions 56.6 87.4 -18.9
40 Checkable deposits and currency 244.9 288.6 28.6
41 Small time and savings deposits 231.4 338.0 277.8
42 Large time deposits 29.4 46.0 274.1
43 Money market fund shares 367.7 402.7 -260.8
44 Security repurchase agreements 240.7 -156.8 -127.8
45 Corporate equities -67.9 131.7 31.5
46 Mutual fund shares 162.5 263.6 358.3
47 Trade payables -16.9 -111.2 87.2
48 Security credit 546.9 -388.3 -234.8
49 Life insurance reserves 80.2 72.6 57.4
50 Pension fund reserves 235.2 176.2 169.6
51 Taxes payable 106.4 -66.1 26.1
52 Investment in bank personal trusts -28.2 -28.2 -31.0
53 Noncorporate proprietors' equity -26.3 4.4 -.1
54 Miscellaneous 908.8 -102.4 520.0
55 Total financial sources 5,559.4 3,178.9 3,112.4
Liabilities not identified as
assets (-)
56 Treasury currency -1.4 .0 -.7
57 Foreign deposits 143.2 70.5 18.2
58 Net interbank liabilities 7.1 33.3 24.1
59 Security repurchase agreements 18.9 -125.2 -40.3
60 Taxes payable 4.1 11.9 25.1
61 Miscellaneous 266.8 -315.2 -138.0
Floats not included in assets (-)
62 Federal government checkable deposits 5.7 -56.6 193.3
63 Other checkable deposits 5.1 5.5 6.4
64 Trade credit -34.6 -23.2 -39.2
65 Total identified to sectors as assets 5,144.6 3,577.8 3,063.7
(1.) Data in this table also appear in the Board's Z.I (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 1997 1998 1999
1 Total credit market
debt owed by domestic
nonfinancial sectors 15,244.2 16,287.1 17,391.1
By sector and instrument
2 Federal government 3,804.8 3,752.2 3,681.0
3 Treasury securities 3,778.3 3,723.7 3,652.7
4 Budget agency
securities and
mortgages 26.5 28.5 28.3
5 Nonfederal 11,439.4 12,534.9 13,710.2
By instrument
6 Commercial paper 168.6 193.0 230.3
7 Municipal securities
and loans 1,367.5 1,464.3 1,532.5
8 Corporate bonds 1,610.9 1,829.6 2,059.5
9 Bank loans n.e.c. 1,040.4 1,148.5 1,231.2
10 Other loans and
advances 825.1 907.2 964.5
11 Mortgages 5,155.4 5,645.8 6,246.0
12 Home 3,978.3 4,365.5 4,790.2
13 Multifamily
residential 285.7 307.9 344.5
14 Commercial 801.4 875.9 1,009.0
15 Farm 90.0 96.6 102.3
16 Consumer credit 1,271.6 1,346.6 1,446.1
By borrowing sector
17 Households 5,556.9 6,011.4 6,513.3
18 Nonfinancial business 4,763.0 5,323.7 5,944.7
19 Corporate 3,383.1 3,776.1 4,209.3
20 Nonfarm noncorporate 1,224.0 1,383.7 1,566.1
21 Farm 155.9 163.9 169.4
22 State and local
government 1,119.5 1,199.8 1,252.1
23 Foreign credit market
debt held in
United States 608.0 651.5 679.6
24 Commercial paper 65.1 72.9 89.2
25 Bonds 427.1 462.6 479.4
26 Bank loans n.e.c 52.1 58.9 59.4
27 Other loans and advances 63.0 57.2 51.7
28 Total credit market debt
owed by nonfinancial
sectors, domestic
and foreign 15,852.2 16,938.6 18,070.8
29 Total credit market debt
owed by financial
sectors 5,458.0 6,545.2 7,629.6
By instrument
30 Federal government-
related 2,821.1 3,292.0 3,884.0
31 Government-sponsored
enterprise securities 995.3 1,273.6 1,591.7
32 Mortgage pool
securities 1,825.8 2,018.4 2,292.2
33 Loans from U.S.
government .0 .0 .0
34 Private 2,636.9 3,253.2 3,745.6
35 Open market paper 745.7 906.7 1,082.9
36 Corporate bonds 1,568.6 1,878.7 2,096.9
37 Bank loans n.e.c. 77.3 107.5 93.2
38 Other loans and
advances 198.5 288.7 395.8
39 Mortgages 46.8 71.6 76.7
By borrowing sector
40 Commercialbanks 140.6 188.6 230.0
41 Bank holding companies 168.6 193.5 219.3
42 Savings institutions 160.3 212.4 260.4
43 Credit unions .6 1.1 3.4
44 Life insurance companies 1.8 2.5 3.2
45 Government-sponsored
enterprises 995.3 1,273.6 1,591.7
46 Federally related
mortgage pools 1,825.8 2,018.4 2,292.2
47 Issuers of asset-backed
securities (ABSs) 1,076.6 1,398.0 1,621.4
48 Brokers and dealers 35.3 42.5 25.3
49 Finance companies 568.3 625.5 695.7
50 Mortgage companies 16.0 17.7 17.8
51 Real estate investment
trusts (REITs) 96.1 158.8 165.1
52 Funding corporations 372.6 412.6 504.0
53 Total credit market debt,
domestic and foreign 21,310.2 23,483.8 25,700.4
54 Open market paper 979.4 1,172.6 1,402.4
55 U.S. government
securities 6,625.9 7,044.2 7,564.9
56 Municipal securities 1,367.5 1,464.3 1,532.5
57 Corporate and foreign
bonds 3,607.2 4,170.8 4,635.8
58 Bank loans n.e.c 1,169.8 1,314.9 1,383.8
59 Other loans and advances 1,086.6 1,253.0 1,412.0
60 Mortgages 5,202.2 5,717.4 6,322.8
61 Consumer credit 1,271.6 1,346.6 1,446.1
2000
2000 Q3 Q4
1 Total credit market
debt owed by domestic
nonfinancial sectors 18,272.0 17,991.7 18,272.0
By sector and instrument
2 Federal government 3,385.1 3,410.1 3,385.1
3 Treasury securities 3,357.8 3,382.5 3,357.8
4 Budget agency
securities and
mortgages 27.3 27.6 27.3
5 Nonfederal 14,886.9 145,816.6 14,886.9
By instrument
6 Commercial paper 278.4 307.0 278.4
7 Municipal securities
and loans 1,567.8 1,550.3 1,567.8
8 Corporate bonds 2,230.6 2,186.7 2,230.6
9 Bank loans n.e.c. 1,334.2 1,311.3 1,334.2
10 Other loans and
advances 1,077.1 1,039.5 1,077.1
11 Mortgages 6,805.7 6,667.3 6,805.7
12 Home 5,206.8 5,106.4 5,206.8
13 Multifamily
residential 379.0 369.0 379.0
14 Commercial 1,111.1 1,083.6 1,111.1
15 Farm 108.8 108.3 108.8
16 Consumer credit 1,593.1 1,519.6 1,593.1
By borrowing sector
17 Households 7,078.3 6,903.8 7,078.3
18 Nonfinancial business 6,529.3 6,414.7 6,529.3
19 Corporate 4,612.3 4,540.8 4,612.3
20 Nonfarm noncorporate 1,736.8 1,696.0 1,736.8
21 Farm 180.2 177.9 180.2
22 State and local
government 1,279.3 1,263.1 1,279.3
23 Foreign credit market
debt held in
United States 746.7 731.0 746.7
24 Commercial paper 120.9 109.8 120.9
25 Bonds 504.6 502.4 504.6
26 Bank loans n.e.c 70.7 67.7 70.7
27 Other loans and advances 50.5 51.2 50.5
28 Total credit market debt
owed by nonfinancial
sectors, domestic
and foreign 19,018.7 18,722.7 19,018.7
29 Total credit market debt
owed by financial
sectors 8,457.1 8,190.8 8,457.1
By instrument
30 Federal government-
related 4,317.4 4,164.0 4,317.4
31 Government-sponsored
enterprise securities 1,825.8 1,749.7 1,825.8
32 Mortgage pool
securities 2,491.6 2,414.3 2,491.6
33 Loans from U.S.
government .0 .0 .0
34 Private 4,139.7 4,026.7 4,139.7
35 Open market paper 1,210.7 1,151.6 1,210.7
36 Corporate bonds 2,314.8 2,269.7 2,314.8
37 Bank loans n.e.c. 93.0 92.8 93.0
38 Other loans and
advances 438.3 430.2 438.3
39 Mortgages 82.9 82.5 82.9
By borrowing sector
40 Commercialbanks 266.7 265.2 266.7
41 Bank holding companies 242.5 236.9 242.5
42 Savings institutions 287.7 276.0 287.7
43 Credit unions 3.4 3.1 3.4
44 Life insurance companies 2.5 2.7 2.5
45 Government-sponsored
enterprises 1,825.8 1,749.7 1,825.8
46 Federally related
mortgage pools 2,491.6 2,414.3 2,491.6
47 Issuers of asset-backed
securities (ABSs) 1,829.6 1,742.3 1,829.6
48 Brokers and dealers 40.9 42.6 40.9
49 Finance companies 776.9 761.8 776.9
50 Mortgage companies 17.9 17.7 17.9
51 Real estate investment
trusts (REITs) 167.8 169.8 167.8
52 Funding corporations 503.7 508.7 503.7
53 Total credit market debt,
domestic and foreign 27,475.8 26,913.5 27,475.8
54 Open market paper 1,610.0 1,568.3 1,610.0
55 U.S. government
securities 7,702.5 7,574.2 7,702.5
56 Municipal securities 1,567.8 1,550.3 1,567.8
57 Corporate and foreign
bonds 5,050.0 4,958.7 5,050.0
58 Bank loans n.e.c 1,497.9 1,471.7 1,497.9
59 Other loans and advances 1,565.9 1,520.9 1,565.9
60 Mortgages 6,888.6 6,749.8 6,888.6
61 Consumer credit 1,593.1 1,519.6 1,593.1
2001
Q1 Q2 Q3
1 Total credit market
debt owed by domestic
nonfinancial sectors 18,509.5 18,680.6 18,995.3
By sector and instrument
2 Federal government 3,408.8 3,251.4 3,320.0
3 Treasury securities 3,382.0 3,224.3 3,293.0
4 Budget agency
securities and
mortgages 26.8 27.0 27.0
5 Nonfederal 15,100.7 15,429.3 15,675.3
By instrument
6 Commercial paper 253.2 223.3 201.3
7 Municipal securities
and loans 1,597.5 1,629.8 1,635.3
8 Corporate bonds 2,330.4 2,435.3 2,482.3
9 Bank loans n.e.c. 1,321.3 1,292.7 1,283.8
10 Other loans and
advances 1,083.2 1,110.6 1,116.8
11 Mortgages 6,929.7 7,129.4 7,325.3
12 Home 5,299.2 5,457.7 5,601.4
13 Multifamily
residential 388.7 398.9 412.9
14 Commercial 1,131.8 1,159.8 1,196.3
15 Farm 110.0 113.1 114.7
16 Consumer credit 1,585.3 1,608.1 1,630.5
By borrowing sector
17 Households 7,144.5 7,319.5 7,491.8
18 Nonfinancial business 6,648.8 6,771.9 6,842.9
19 Corporate 4,691.6 4,766.7 4,799.6
20 Nonfarm noncorporate 1,777.5 1,820.1 1,857.4
21 Farm 179.7 185.2 185.9
22 State and local
government 1,307.5 1,337.8 1,340.6
23 Foreign credit market
debt held in
United States 747.5 733.2 710.2
24 Commercial paper 112.8 110.1 106.3
25 Bonds 512.9 509.0 489.3
26 Bank loans n.e.c 74.1 66.2 67.3
27 Other loans and advances 47.7 47.9 47.3
28 Total credit market debt
owed by nonfinancial
sectors, domestic
and foreign 19,257.0 19,413.9 19,705.4
29 Total credit market debt
owed by financial
sectors 8,657.0 8,856.1 9,126.5
By instrument
30 Federal government-
related 4,422.9 4,591.6 4,796.2
31 Government-sponsored
enterprise securities 1,888.7 1,955.8 2,037.4
32 Mortgage pool
securities 2,534.2 2,635.7 2,758.8
33 Loans from U.S.
government .0 .0 .0
34 Private 4,234.1 4,264.6 4,330.3
35 Open market paper 1,180.8 1,144.5 1,110.2
36 Corporate bonds 2,424.0 2,483.9 2,568.1
37 Bank loans n.e.c. 97.3 100.4 100.2
38 Other loans and
advances 450.9 450.7 467.2
39 Mortgages 81.1 85.1 84.6
By borrowing sector
40 Commercialbanks 273.8 274.7 281.4
41 Bank holding companies 266.5 269.0 272.7
42 Savings institutions 295.1 294.4 305.6
43 Credit unions 3.2 3.5 3.8
44 Life insurance companies 1.9 1.9 2.8
45 Government-sponsored
enterprises 1,888.7 1,955.8 2,037.4
46 Federally related
mortgage pools 2,534.2 2,635.7 2,758.8
47 Issuers of asset-backed
securities (ABSs) 1,893.7 1,942.4 2,025.5
48 Brokers and dealers 35.0 43.9 47.1
49 Finance companies 756.2 769.0 771.2
50 Mortgage companies 18.1 18.2 18.5
51 Real estate investment
trusts (REITs) 166.2 168.9 168.3
52 Funding corporations 524.3 478.6 433.6
53 Total credit market debt,
domestic and foreign 27,914.0 28,270.0 28,831.9
54 Open market paper 1,546.8 1,477.9 1,417.8
55 U.S. government
securities 7,831.7 7,842.9 8,116.2
56 Municipal securities 1,597.5 1,629.8 1,635.3
57 Corporate and foreign
bonds 5,267.4 5,428.2 5,539.6
58 Bank loans n.e.c 1,492.7 1,459.2 1,451.3
59 Other loans and advances 1,581.8 1,609.2 1,631.3
60 Mortgages 7,010.8 7,214.5 7,410.0
61 Consumer credit 1,585.3 1,608.1 1,630.5
2001 2002
Q4 Q1
1 Total credit market
debt owed by domestic
nonfinancial sectors 19,376.3 19,606.1
By sector and instrument
2 Federal government 3,379.5 3,430.3
3 Treasury securities 3,352.7 3,404.0
4 Budget agency
securities and
mortgages 26.8 26.3
5 Nonfederal 15,996.8 16,175.8
By instrument
6 Commercial paper 190.1 167.5
7 Municipal securities
and loans 1,685.4 1,707.5
8 Corporate bonds 2,563.2 2,621.6
9 Bank loans n.e.c. 1,247.5 1,233.6
10 Other loans and
advances 1,096.8 1,099.9
11 Mortgages 7,510.5 7,667.6
12 Home 5,740.1 5,872.7
13 Multifamily
residential 425.9 433.5
14 Commercial 1,228.3 1,243.6
15 Farm 116.2 117.9
16 Consumer credit 1,703.3 1,678.1
By borrowing sector
17 Households 7,692.9 7,800.1
18 Nonfinancial business 6,921.3 6,974.4
19 Corporate 4,840.1 4,866.2
20 Nonfarm noncorporate 1,893.6 1,921.4
21 Farm 187.6 186.9
22 State and local
government 1,382.5 1,401.2
23 Foreign credit market
debt held in
United States 712.9 725.6
24 Commercial paper 106.7 123.6
25 Bonds 496.1 492.1
26 Bank loans n.e.c 63.2 66.8
27 Other loans and advances 46.8 43.2
28 Total credit market debt
owed by nonfinancial
sectors, domestic
and foreign 20,089.1 20,331.7
29 Total credit market debt
owed by financial
sectors 9,383.8 9,603.3
By instrument
30 Federal government-
related 4,944.1 5,117.3
31 Government-sponsored
enterprise securities 2,114.0 2,161.8
32 Mortgage pool
securities 2,830.1 2,955.5
33 Loans from U.S.
government .0 .0
34 Private 4,439.7 4,485.9
35 Open market paper 1,148.8 1,090.9
36 Corporate bonds 2,626.7 2,741.8
37 Bank loans n.e.c. 106.8 105.0
38 Other loans and
advances 473.2 462.4
39 Mortgages 84.2 85.9
By borrowing sector
40 Commercialbanks 296.0 295.8
41 Bank holding companies 266.1 269.4
42 Savings institutions 295.1 280.4
43 Credit unions 4.9 5.5
44 Life insurance companies 3.1 3.7
45 Government-sponsored
enterprises 2,114.0 2,161.8
46 Federally related
mortgage pools 2,830.1 2,955.5
47 Issuers of asset-backed
securities (ABSs) 2,117.8 2,200.1
48 Brokers and dealers 42.3 39.7
49 Finance companies 777.0 759.1
50 Mortgage companies 18.6 18.8
51 Real estate investment
trusts (REITs) 170.2 172.1
52 Funding corporations 448.5 441.3
53 Total credit market debt,
domestic and foreign 29,472.9 29,934.9
54 Open market paper 1,445.6 1,382.0
55 U.S. government
securities 8,323.6 8,547.6
56 Municipal securities 1,685.4 1,707.5
57 Corporate and foreign
bonds 5,686.0 5,855.5
58 Bank loans n.e.c 1,417.5 1,405.3
59 Other loans and advances 1,616.8 1,605.5
60 Mortgages 7,594.7 7,753.5
61 Consumer credit 1,703.3 1,678.1
(1.) Data in this table 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 1997 1998
CREDIT MARKET DEBT OUTSTANDING (2)
1 Total credit market assets 21,310.2 23,483.8
2 Domestic nonfederal nonfinancial sectors 2,945.6 3,090.5
3 Household 2,028.9 2,042.0
4 Nonfinancial corporate business 257.5 241.5
5 Nonfarm noncorporate business 54.2 67.5
6 State and local governments 605.0 739.4
7 Federal government 205.4 219.1
8 Rest of the world 2,257.3 2,539.8
9 Financial sectors 15,901.9 17,634.4
10 Monetary authority 431.4 452.5
11 Commercial banking 4,031.9 4,335.7
12 U.S.-chartered banks 3,450.7 3,761.2
13 Foreign banking offices in United States 516.1 504.2
14 Bank holding companies 27.4 26.5
15 Banks in U.S.-affiliated areas 37.8 43.8
16 Savings institutions 928.5 964.6
17 Credit unions 305.3 324.2
18 Bank personal trusts and estates 207.0 194.1
19 Life insurance companies 1,751.1 1,828.0
20 Other insurance companies 515.3 521.1
21 Private pension funds 674.6 651.8
22 State and local government retirement funds 632.5 704.6
23 Money market mutual funds 721.9 965.9
24 Mutual funds 901.1 1,028.4
25 Closed-end funds 98.3 103.8
26 Government-sponsored enterprises 939.4 1,253.9
27 Federally related mortgage pools 1,825.8 2,018.4
28 Asset-backed securities (ABSs) issuers 937.7 1,219.4
29 Finance companies 568.2 645.5
30 Mortgage companies 32.1 35.3
31 Real estate investment trusts (REITs) 50.6 45.5
32 Brokers and dealers 182.6 189.4
33 Funding corporations 166.7 152.3
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 21,310.2 23,483.8
Other liabilities
35 Official foreign exchange 48.9 60.1
36 Special drawing rights certificates 9.2 9.2
37 Treasury currency 19.3 19.9
38 Foreign deposits 618.5 642.3
39 Net interbank liabilities 219.4 189.0
40 Checkable deposits and currency 1,286.1 1,333.4
41 Small time and savings deposits 2,474.1 2,626.5
42 Large time deposits 713.4 805.5
43 Money market fund shares 1,042.5 1,329.7
44 Security repurchase agreements 822.4 913.7
45 Mutual fund shares 2,989.4 3,613.1
46 Security credit 469.1 572.3
47 Life insurance reserves 665.0 718.3
48 Pension fund reserves 7,323.4 8,209.0
49 Trade payables 1,967.3 2,075.1
50 Taxes payable 151.1 170.7
51 Investment in bank personal trusts 942.5 1,001.0
52 Miscellaneous 6,731.6 7,643.8
53 Total liabilities 49,803.2 55,416.3
Financial assets not included in liabilities (+)
54 Gold and special drawing rights 21.1 21.6
55 Corporate equities 13,301.7 15,577.3
56 Household equity in noncorporate business 4,052.7 4,286.9
Liabilities not identified as assets (-)
57 Treasury currency -6.3 -6.4
58 Foreign deposits 535.0 542.8
59 Net interbank transactions -32.2 -27.0
60 Security repurchase agreements 172.9 230.6
61 Taxes payable 104.2 121.2
62 Miscellaneous -1,548.1 -2,248.0
Floats not included in assets (-)
63 Federal government checkable deposits -8.1 -3.9
64 Other checkable deposits 26.2 23.1
65 Trade credit 126.8 87.0
66 Totals identified to sectors as assets 67,808.2 76,582.6
Transaction category or sector 1999 2000
CREDIT MARKET DEBT OUTSTANDING (2)
1 Total credit market assets 25,700.4 27,475.8
2 Domestic nonfederal nonfinancial sectors 3,369.1 3,171.9
3 Household 2,310.9 2,098.1
4 Nonfinancial corporate business 226.0 243.5
5 Nonfarm noncorporate business 64.4 63.2
6 State and local governments 767.8 767.0
7 Federal government 258.0 265.4
8 Rest of the world 2,676.2 3,004.6
9 Financial sectors 19,397.0 21,033.9
10 Monetary authority 478.1 511.8
11 Commercial banking 4,643.9 5,002.3
12 U.S.-chartered banks 4,078.9 4,418.7
13 Foreign banking offices in United States 484.1 508.1
14 Bank holding companies 32.7 20.5
15 Banks in U.S.-affiliated areas 48.3 55.0
16 Savings institutions 1,033.2 1,089.7
17 Credit unions 351.7 382.2
18 Bank personal trusts and estates 222.0 239.1
19 Life insurance companies 1,886.0 1,943.9
20 Other insurance companies 518.2 509.4
21 Private pension funds 662.5 701.7
22 State and local government retirement funds 751.4 806.0
23 Money market mutual funds 1,147.8 1,290.9
24 Mutual funds 1,076.8 1,097.8
25 Closed-end funds 111.2 106.4
26 Government-sponsored enterprises 1,545.6 1,803.7
27 Federally related mortgage pools 2,292.2 2,491.6
28 Asset-backed securities (ABSs) issuers 1,424.6 1,602.9
29 Finance companies 742.5 850.5
30 Mortgage companies 35.6 35.9
31 Real estate investment trusts (REITs) 42.9 36.6
32 Brokers and dealers 154.7 223.6
33 Funding corporations 276.1 307.9
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 25,700.4 27,475.8
Other liabilities
35 Official foreign exchange 50.1 46.1
36 Special drawing rights certificates 6.2 2.2
37 Treasury currency 20.9 23.2
38 Foreign deposits 703.6 824.5
39 Net interbank liabilities 205.3 222.6
40 Checkable deposits and currency 1,484.8 1,413.3
41 Small time and savings deposits 2,671.2 2,861.9
42 Large time deposits 936.1 1,054.5
43 Money market fund shares 1,578.8 1,812.1
44 Security repurchase agreements 1,083.4 1,194.1
45 Mutual fund shares 4,538.5 4,434.6
46 Security credit 676.6 822.7
47 Life insurance reserves 783.9 819.1
48 Pension fund reserves 9,065.6 9,075.1
49 Trade payables 2,345.6 2,514.6
50 Taxes payable 193.9 215.6
51 Investment in bank personal trusts 1,130.4 1,019.4
52 Miscellaneous 8,457.3 9,413.2
53 Total liabilities 61,632.7 65,244.7
Financial assets not included in liabilities (+)
54 Gold and special drawing rights 21.4 21.6
55 Corporate equities 19,581.2 17,566.4
56 Household equity in noncorporate business 4,537.6 4,814.9
Liabilities not identified as assets (-)
57 Treasury currency -7.1 -8.5
58 Foreign deposits 585.7 642.1
59 Net interbank transactions -25.5 -4.3
60 Security repurchase agreements 266.2 383.3
61 Taxes payable 121.9 127.7
62 Miscellaneous -2,837.8 -3,299.8
Floats not included in assets (-)
63 Federal government checkable deposits -9.9 -2.3
64 Other checkable deposits 22.3 24.0
65 Trade credit 95.5 114.3
66 Totals identified to sectors as assets 87,561.4 89,671.1
2000
Transaction category or sector Q3 Q4
CREDIT MARKET DEBT OUTSTANDING (2)
1 Total credit market assets 26,913.5 27,475.8
2 Domestic nonfederal nonfinancial sectors 3,227.0 3,171.9
3 Household 2,152.1 2,098.1
4 Nonfinancial corporate business 245.4 243.5
5 Nonfarm noncorporate business 63.3 63.2
6 State and local governments 766.2 767.0
7 Federal government 262.7 265.4
8 Rest of the world 2,861.7 3,004.6
9 Financial sectors 20,562.1 21,033.9
10 Monetary authority 511.5 511.8
11 Commercial banking 4,931.0 5,002.3
12 U.S.-chartered banks 4,368.2 4,418.7
13 Foreign banking offices in United States 487.5 508.1
14 Bank holding companies 21.3 20.5
15 Banks in U.S.-affiliated areas 54.0 55.0
16 Savings institutions 1,082.2 1,089.7
17 Credit unions 376.0 382.2
18 Bank personal trusts and estates 234.6 239.1
19 Life insurance companies 1,935.1 1,943.9
20 Other insurance companies 512.4 509.4
21 Private pension funds 695.2 701.7
22 State and local government retirement funds 784.5 806.0
23 Money market mutual funds 1,212.5 1,290.9
24 Mutual funds 1,087.1 1,097.8
25 Closed-end funds 107.6 106.4
26 Government-sponsored enterprises 1,714.3 1,803.7
27 Federally related mortgage pools 2,414.3 2,491.6
28 Asset-backed securities (ABSs) issuers 1,522.9 1,602.9
29 Finance companies 830.0 850.5
30 Mortgage companies 35.4 35.9
31 Real estate investment trusts (REITs) 37.3 36.6
32 Brokers and dealers 243.3 223.6
33 Funding corporations 294.9 307.9
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 26,913.5 27,475.8
Other liabilities
35 Official foreign exchange 44.9 46.1
36 Special drawing rights certificates 3.2 2.2
37 Treasury currency 23.2 23.2
38 Foreign deposits 772.6 824.5
39 Net interbank liabilities 206.0 222.6
40 Checkable deposits and currency 1,385.7 1,413.3
41 Small time and savings deposits 2,790.9 2,861.9
42 Large time deposits 1,025.9 1,054.5
43 Money market fund shares 1,697.8 1,812.1
44 Security repurchase agreements 1,238.6 1,194.1
45 Mutual fund shares 4,781.6 4,434.6
46 Security credit 805.8 822.7
47 Life insurance reserves 818.7 819.1
48 Pension fund reserves 9,340.2 9,075.1
49 Trade payables 2,468.7 2,514.6
50 Taxes payable 214.1 215.6
51 Investment in bank personal trusts 1,106.7 1,019.4
52 Miscellaneous 9,504.7 9,413.2
53 Total liabilities 65,142.8 65,244.7
Financial assets not included in liabilities (+)
54 Gold and special drawing rights 21.4 21.6
55 Corporate equities 19,244.2 17,566.4
56 Household equity in noncorporate business 4,736.3 4,814.9
Liabilities not identified as assets (-)
57 Treasury currency -7.6 -8.5
58 Foreign deposits 593.4 642.1
59 Net interbank transactions -17.6 -4.3
60 Security repurchase agreements 453.2 383.3
61 Taxes payable 123.8 127.7
62 Miscellaneous -2,788.8 -3,299.8
Floats not included in assets (-)
63 Federal government checkable deposits -7.8 -2.3
64 Other checkable deposits 15.5 24.0
65 Trade credit 15.2 114.3
66 Totals identified to sectors as assets 90,765.4 89,671.1
2001
Transaction category or sector Q1 Q2
CREDIT MARKET DEBT OUTSTANDING (2)
1 Total credit market assets 27,914.0 28,270.0
2 Domestic nonfederal nonfinancial sectors 3,097.7 3,011.3
3 Household 2,024.9 1,936.2
4 Nonfinancial corporate business 231.4 236.9
5 Nonfarm noncorporate business 64.0 64.1
6 State and local governments 777.4 774.1
7 Federal government 266.6 268.9
8 Rest of the world 3,112.9 3,200.1
9 Financial sectors 21,436.8 21,789.7
10 Monetary authority 523.9 535.1
11 Commercial banking 5,012.1 5,044.6
12 U.S.-chartered banks 4,420.8 4,463.3
13 Foreign banking offices in United States 515.0 504.2
14 Bank holding companies 22.3 21.6
15 Banks in U.S.-affiliated areas 54.1 55.5
16 Savings institutions 1,101.6 1,116.4
17 Credit unions 386.5 391.8
18 Bank personal trusts and estates 241.8 245.1
19 Life insurance companies 1,967.2 1,996.9
20 Other insurance companies 510.0 510.0
21 Private pension funds 707.9 720.6
22 State and local government retirement funds 788.3 807.6
23 Money market mutual funds 1,404.2 1,414.6
24 Mutual funds 1,113.9 1,160.3
25 Closed-end funds 106.0 105.6
26 Government-sponsored enterprises 1,866.9 1,948.4
27 Federally related mortgage pools 2,534.2 2,635.7
28 Asset-backed securities (ABSs) issuers 1,660.5 1,703.7
29 Finance companies 848.0 878.5
30 Mortgage companies 36.2 36.5
31 Real estate investment trusts (REITs) 37.6 37.9
32 Brokers and dealers 317.7 288.4
33 Funding corporations 272.4 212.1
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 27,914.0 28,270.0
Other liabilities
35 Official foreign exchange 42.8 43.4
36 Special drawing rights certificates 2.2 2.2
37 Treasury currency 22.9 23.2
38 Foreign deposits 883.4 840.8
39 Net interbank liabilities 160.5 162.5
40 Checkable deposits and currency 1,405.0 1,449.4
41 Small time and savings deposits 2,963.3 2,992.4
42 Large time deposits 1,077.4 1,086.9
43 Money market fund shares 1,994.7 2,014.8
44 Security repurchase agreements 1,185.0 1,206.1
45 Mutual fund shares 3,990.4 4,259.5
46 Security credit 799.3 781.6
47 Life insurance reserves 823.0 840.3
48 Pension fund reserves 8,596.9 8,861.9
49 Trade payables 2,508.8 2,482.0
50 Taxes payable 223.3 222.5
51 Investment in bank personal trusts 929.1 964.4
52 Miscellaneous 9,911.2 10,213.0
53 Total liabilities 65,433.3 66,716.8
Financial assets not included in liabilities (+)
54 Gold and special drawing rights 21.4 21.5
55 Corporate equities 15,311.0 16,240.7
56 Household equity in noncorporate business 4,853.5 4,876.4
Liabilities not identified as assets (-)
57 Treasury currency -9.4 -9.5
58 Foreign deposits 684.5 645.9
59 Net interbank transactions 3.9 5.5
60 Security repurchase agreements 340.8 365.9
61 Taxes payable 111.9 131.7
62 Miscellaneous -3,260.2 -3,208.4
Floats not included in assets (-)
63 Federal government checkable deposits -2.8 -4.8
64 Other checkable deposits 21.1 25.5
65 Trade credit 62.0 27.2
66 Totals identified to sectors as assets 87,667.3 89,876.3
2001
Transaction category or sector Q3 Q4
CREDIT MARKET DEBT OUTSTANDING (2)
1 Total credit market assets 28,831.9 29,472.9
2 Domestic nonfederal nonfinancial sectors 2,979.6 2,970.3
3 Household 1,915.6 1,886.8
4 Nonfinancial corporate business 230.8 236.7
5 Nonfarm noncorporate business 64.9 65.4
6 State and local governments 768.3 781.4
7 Federal government 269.8 271.6
8 Rest of the world 3,294.7 3,432.6
9 Financial sectors 22,287.8 22,798.5
10 Monetary authority 534.1 551.7
11 Commercial banking 5,101.2 5,207.1
12 U.S.-chartered banks 4,513.5 4,609.8
13 Foreign banking offices in United States 509.9 511.3
14 Bank holding companies 21.3 24.7
15 Banks in U.S.-affiliated areas 56.5 61.4
16 Savings institutions 1,118.4 1,131.7
17 Credit unions 407.8 420.8
18 Bank personal trusts and estates 247.3 249.5
19 Life insurance companies 2,044.2 2,070.5
20 Other insurance companies 511.3 519.5
21 Private pension funds 728.1 732.8
22 State and local government retirement funds 789.0 790.9
23 Money market mutual funds 1,498.0 1,536.9
24 Mutual funds 1,188.2 1,223.8
25 Closed-end funds 105.2 104.7
26 Government-sponsored enterprises 2,016.0 2,104.9
27 Federally related mortgage pools 2,758.8 2,830.1
28 Asset-backed securities (ABSs) issuers 1,780.0 1,866.7
29 Finance companies 859.4 867.2
30 Mortgage companies 36.9 37.2
31 Real estate investment trusts (REITs) 39.8 43.3
32 Brokers and dealers 366.4 340.1
33 Funding corporations 157.6 169.1
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 28,831.9 29,472.9
Other liabilities
35 Official foreign exchange 49.0 46.8
36 Special drawing rights certificates 2.2 2.2
37 Treasury currency 23.2 23.2
38 Foreign deposits 875.9 908.9
39 Net interbank liabilities 185.4 214.9
40 Checkable deposits and currency 1,485.5 1,599.2
41 Small time and savings deposits 3,047.7 3,125.0
42 Large time deposits 1,093.9 1,118.9
43 Money market fund shares 2,116.1 2,240.7
44 Security repurchase agreements 1,253.6 1,248.3
45 Mutual fund shares 3,753.1 4,135.5
46 Security credit 920.1 820.2
47 Life insurance reserves 847.0 871.7
48 Pension fund reserves 8,298.5 8,682.3
49 Trade payables 2,491.4 2,478.9
50 Taxes payable 251.4 229.8
51 Investment in bank personal trusts 859.6 912.0
52 Miscellaneous 10,611.l 10,579.8
53 Total liabilities 66,996.5 68,711.2
Financial assets not included in liabilities (+)
54 Gold and special drawing rights 22.0 21.8
55 Corporate equities 13,628.2 15,200.7
56 Household equity in noncorporate business 4,918.6 4,866.6
Liabilities not identified as assets (-)
57 Treasury currency -9.8 -9.8
58 Foreign deposits 681.7 699.4
59 Net interbank transactions 6.0 11.5
60 Security repurchase agreements 364.9 347.5
61 Taxes payable 148.6 99.9
62 Miscellaneous -3,046.6 -3,233.3
Floats not included in assets (-)
63 Federal government checkable deposits -5.9 -14.1
64 Other checkable deposits 19.2 28.6
65 Trade credit 16.4 87.8
66 Totals identified to sectors as assets 87,390.9 90,782.7
2002
Transaction category or sector Q1
CREDIT MARKET DEBT OUTSTANDING (2)
1 Total credit market assets 29,934.9
2 Domestic nonfederal nonfinancial sectors 3,016.6
3 Household 1,935.2
4 Nonfinancial corporate business 223.3
5 Nonfarm noncorporate business 66.2
6 State and local governments 791.9
7 Federal government 269.7
8 Rest of the world 3,506.1
9 Financial sectors 23,142.6
10 Monetary authority 575.4
11 Commercial banking 5,227.8
12 U.S.-chartered banks 4,629.3
13 Foreign banking offices in United States 507.8
14 Bank holding companies 27.7
15 Banks in U.S.-affiliated areas 63.0
16 Savings institutions 1,134.9
17 Credit unions 433.1
18 Bank personal trusts and estates 251.0
19 Life insurance companies 2,107.6
20 Other insurance companies 528.6
21 Private pension funds 722.6
22 State and local government retirement funds 810.1
23 Money market mutual funds 1,496.4
24 Mutual funds 1,285.4
25 Closed-end funds 104.3
26 Government-sponsored enterprises 2,161.0
27 Federally related mortgage pools 2,955.5
28 Asset-backed securities (ABSs) issuers 1,942.8
29 Finance companies 829.0
30 Mortgage companies 37.6
31 Real estate investment trusts (REITs) 47.5
32 Brokers and dealers 296.4
33 Funding corporations 195.7
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 29,934.9
Other liabilities
35 Official foreign exchange 45.7
36 Special drawing rights certificates 2.2
37 Treasury currency 23.2
38 Foreign deposits 902.7
39 Net interbank liabilities 188.8
40 Checkable deposits and currency 1,565.6
41 Small time and savings deposits 3,226.0
42 Large time deposits 1,177.6
43 Money market fund shares 2,202.6
44 Security repurchase agreements 1,215.9
45 Mutual fund shares 4,245.8
46 Security credit 759.6
47 Life insurance reserves 886.6
48 Pension fund reserves 8,763.9
49 Trade payables 2,477.2
50 Taxes payable 243.9
51 Investment in bank personal trusts 907.8
52 Miscellaneous 10,647.5
53 Total liabilities 69,417.4
Financial assets not included in liabilities (+)
54 Gold and special drawing rights 21.9
55 Corporate equities 15,222.6
56 Household equity in noncorporate business 4,885.8
Liabilities not identified as assets (-)
57 Treasury currency -10.0
58 Foreign deposits 703.9
59 Net interbank transactions 20.3
60 Security repurchase agreements 348.2
61 Taxes payable 94.9
62 Miscellaneous -3,208.4
Floats not included in assets (-)
63 Federal government checkable deposits 32.4
64 Other checkable deposits 26.3
65 Trade credit 27.2
66 Totals identified to sectors as assets 91,512.8
(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.
2.12 OUTPUT, CAPACITY, AND CAPACITY UTILIZATION (1)
Seasonally adjusted
2001
Series Q2 Q3
Output (1992=100)
1 Total industry 141.3 139.6
2 Manufacturing 146.0 144.2
3 Primary processing (3) 168.9 167.1
4 Advanced processing (4) 133.3 131.5
5 Durable goods 181.9 178.3
6 Lumber and products 113.2 115.5
7 Primary metals 120.5 117.8
8 Iron and steel 117.3 115.7
9 Nonferrous 124.6 120.6
10 Industrial machinery and equipment 217.0 208.8
11 Electrical machinery 509.2 485.3
12 Motor vehicles and parts 166.8 169.5
13 Aerospace and miscellaneous
transportation equipment 99.0 95.9
14 Nondurable goods 111.5 111.0
15 Textile mill products 88.0 85.3
16 Paper and products 108.9 108.5
17 Chemicals and products 119.6 121.1
18 Plastics materials 116.4 117.4
19 Petroleum products 115.5 113.2
20 Mining 102.9 101.8
21 Utilities 120.0 119.1
22 Electric 123.6 122.2
2001 2002
Series Q4 Q1 (r)
Output (1992=100)
1 Total industry 137.2 138.1
2 Manufacturing 141.9 143.0
3 Primary processing (3) 164.5 168.0
4 Advanced processing (4) 129.3 129.2
5 Durable goods 174.1 176.1
6 Lumber and products 112.7 112.1
7 Primary metals 109.1 111.9
8 Iron and steel 104.0 109.0
9 Nonferrous 115.3 115.5
10 Industrial machinery and equipment 202.2 205.6
11 Electrical machinery 485.7 500.1
12 Motor vehicles and parts 165.1 173.8
13 Aerospace and miscellaneous
transportation equipment 91.2 86.2
14 Nondurable goods 110.2 110.6
15 Textile mill products 82.4 84.9
16 Paper and products 105.8 104.3
17 Chemicals and products 122.4 123.1
18 Plastics materials 115.6 119.9
19 Petroleum products 113.7 116.3
20 Mining 98.6 96.3
21 Utilities 116.9 119.3
22 Electric 121.1 122.1
2001
Series Q2 Q3
Capacity (percent
of 1992 output)
1 Total industry 182.6 183.2
2 Manufacturing 193.2 193.6
3 Primary processing (3) 223.0 223.8
4 Advanced processing (4) 176.6 176.9
5 Durable goods 246.3 247.5
6 Lumber and products 148.5 148.8
7 Primary metals 150.8 150.6
8 Iron and steel 147.4 146.8
9 Nonferrous 155.3 155.6
10 Industrial machinery and equipment 297.3 298.8
11 Electrical machinery 735.6 745.4
12 Motor vehicles and parts 220.1 221.5
13 Aerospace and miscellaneous
transportation equipment 135.3 135.2
14 Nondurable goods 143.0 142.9
15 Textile mill products 117.4 116.4
16 Paper and products 138.7 138.8
17 Chemicals and products 158.3 158.5
18 Plastics materials 152.5 153.0
19 Petroleum products 122.2 122.4
20 Mining 112.0 112.2
21 Utilities 136.2 138.1
22 Electric 135.1 137.4
2001 2002
Series Q4 Q1 (r)
Capacity (percent
of 1992 output)
1 Total industry 183.6 184.1
2 Manufacturing 194.0 194.4
3 Primary processing (3) 224.5 225.3
4 Advanced processing (4) 177.2 177.4
5 Durable goods 248.5 249.4
6 Lumber and products 149.1 149.3
7 Primary metals 150.4 149.4 
