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Financial and Business Statistics PART II.


1.55 CONSUMER CREDIT(1)

Millions of dollars, amounts outstanding, end of period

Holder and type of credit                     1998        1999

                                           Seasonally adjusted

 1   Total                               1,301,023   1,393,657
 2   Revolving                             560,504     595,610
 3   Nonrevolving(2)                       740,519     798,047

                                        Not seasonally adjusted

 4   Total                               1,331,742   1,426,151

     By major holder
 5   Commercial banks                      508,932     499,758
 6   Finance companies                     168,491     181,573
 7   Credit unions                         155,406     167,921
 8   Savings institutions                   51,611      61,527
 9   Nonfinancial business                  74,877      80,311
10  Pools of securitized assets(3)         372,425     435,061

By major type of credit(4)
11   Revolving                             586,528     623,245
12     Commercial banks                    210,346     189,352
13     Finance companies                    32,309      33,814
14     Credit unions                        19,930      20,641
15     Savings institutions                 12,450      15,838
16     Nonfinancial business                39,166      42,783
17     Pools of securitized assets(3)      272,327     320,817

18   Nonrevolving                          745,214     802,906
19     Commercial banks                    298,586     310,406
20     Finance companies                   136,182     147,759
21     Credit unions                       135,476     147,280
22     Savings institutions                 39,161      45,689
23     Nonfinancial business                35,711      37,528
24     Pools of securitized assets(3)      100,098     114,244

                                                       2000
Holder and type of credit                  2000
                                                     Sept.

                                           Seasonally adjusted

1   Total                                1,533,800   1,492,934
2   Revolving                              663,000     649,297
3   Nonrevolving(2)                        870,800     843,637

                                        Not seasonally adjusted

4   Total                                1,568,800   1,495,627

    By major holder
5   Commercial banks                       543,700     521,767
6   Finance companies                      193,200     197,276
7   Credit unions                          185,300     181,597
8   Savings institutions                    64,000      62,580
9   Nonfinancial business                   82,700      72,091
10  Pools of securitized assets(3)         500,000     460,316

By major type of credit(4)
11   Revolving                             692,800     645,820
12     Commercial banks                    218,100     202,362
13     Finance companies                    38,251      35,405
14     Credit unions                        21,759      20,779
15     Savings institutions                 16,556      16,327
16     Nonfinancial business                42,430      35,817
17     Pools of securitized assets(3)    356,114(r)    335,126

18   Nonrevolving                       875,784(r)     844,772
19     Commercial banks                    325,648     319,423
20     Finance companies                   154,938     161,871
21     Credit unions                       163,493     160,818
22     Savings institutions                 47,452      46,196
23     Nonfinancial business            40,221(r)       36,274
24     Pools of securitized assets(3)   144,032(r)     125,190

                                                  2000
Holder and type of credit                   Oct.         Nov.

                                           Seasonally adjusted

1   Total                                1,509,568   1,522,000
2   Revolving                              656,666     662,800
3   Nonrevolving(2)                        852,902     862,200

                                        Not seasonally adjusted

4   Total                                1,513,688   1,529,800

    By major holder
5   Commercial banks                       521,515     527,200
6   Finance companies                      200.815     197,800
7   Credit unions                          183,010     184,200
8   Savings institutions                    62,815      63,100
9   Nonfinancial business                   70,842      73,800
10  Pools of securitized assets(3)         474,691     483,800

By major type of credit(4)
11   Revolving                             654,678     664,300
12     Commercial banks                    201,874     206,100
13     Finance companies                    37,147      37,956
14     Credit unions                        20,804      21,276
15     Savings institutions                 16,403      16,480
16     Nonfinancial business                34,484      36,430
17     Pools of securitized assets(3)      343,313     345,817

18   Nonrevolving                          861,838     870,362
19     Commercial banks                    321,998     325,284
20     Finance companies                   163,700     159,803
21     Credit unions                       162,359     162,960
22     Savings institutions                 46,615      47,034
23     Nonfinancial business                36,308      37,347
24     Pools of securitized assets(3)      130,858     137,934

                                              2000        2001
Holder and type of credit                   Dec.         Jan.

                                           Seasonally adjusted

1   Total                                1,533,800   1,550,000
2   Revolving                              663,000     680,900
3   Nonrevolving(2)                        870,800     882,600

                                        Not seasonally adjusted

4   Total                                1,568,800   1,558,700

    By major holder
5   Commercial banks                       543,700     533,300
6   Finance companies                      193,200     189,600
7   Credit unions                          185,300     184,100
8   Savings institutions                    64,000      64,100
9   Nonfinancial business                   82,700      73,000
10  Pools of securitized assets(3)         500,000     514,400

By major type of credit(4)
11   Revolving                             692,800     681,700
12     Commercial banks                    218,100     205,900
13     Finance companies                    38,251      38,074
14     Credit unions                        21,759      21,313
15     Savings institutions                 16,556      16,775
16     Nonfinancial business                42,430      38,845
17     Pools of securitized assets(3)   356,114(r)     355,965

18   Nonrevolving                       875,784(r)     879,988
19     Commercial banks                    325,648     329,723
20     Finance companies                   154,938     149,937
21     Credit unions                       163,493     163,461
22     Savings institutions                 47,452      47,255
23     Nonfinancial business            40,221(r)       38,723
24     Pools of securitized assets(3)   144,032(r)     150,889

                                                  2001
Holder and type of credit                  Feb.

                                           Seasonally adjusted

1   Total                                1,568,600
2   Revolving                              687,800
3   Nonrevolving(2)                        880,800

                                        Not seasonally adjusted

4   Total                                1,556,300

    By major holder
5   Commercial banks                       530,600
6   Finance companies                      189,200
7   Credit unions                          182,500
8   Savings institutions                    64,100
9   Nonfinancial business                   71,700
10  Pools of securitized assets(3)         518,300

By major type of credit(4)
11   Revolving                             680,800
12     Commercial banks                    205,500
13     Finance companies                    38,891
14     Credit unions                        20,963
15     Savings institutions                 16,994
16     Nonfinancial business                35,290
17     Pools of securitized assets(3)      363,466

18   Nonrevolving                          877,010
19     Commercial banks                    327,331
20     Finance companies                   150,555
21     Credit unions                       163,403
22     Savings institutions                 47,057
23     Nonfinancial business                37,724
24     Pools of securitized assets(3)      150,941

(1.) The Board's series on amounts of credit covers
most short- and intermediate-term credit extended to individuals,
excluding loans secured by real estate. Data in this
table also appear in the Board's G.19 (421) monthly
statistical release. For ordering address, see inside front cover.

(2.) Comprises motor vehicle loans, mobile home loans, and
all other loans that are not included in revolving credit,
such as loans for education, boats, trailers, or vacations.
These loans may be secured or unsecured.

(3.) Outstanding balances of pools upon which securities have
are no longer carried on the balance sheets of the loan originator.

(4.) Totals include estimates for certain holders for which
only consumer credit totals are available.
1.56 TERMS OF CONSUMER CREDIT(1)

Percent per year except as noted

             Item                     1998       1998       2000

        INTEREST RATES

     Commercial banks(2)
 1   48-month new car                 8.72       8.44       9.34
 2   24-month personal               13.74      13.39       13.9

     Credit card plan
 3   All accounts                    15.71      15.21      15.71
 4   Accounts assessed interest      15.59      14.81      14.91

     Auto finance companies
 5   New car                           6.3       6.66       6.61
 6   Used car                        12.64       12.6      13.55

        OTHER TERMS(3)

     Maturity (months)
 7   New car                          52.1       52.7       54.9
 8   Used car                         53.5       55.9      57.0

     Loan-to-value ratio
 9   New car                            92         92         92
10   Used car                           99         99         99

    Amount financed (dollars)
11  New car                         19,083     19,880     20,923
12  Used car                        12,691     13,642     14,058

             Item
                                               2000
                                  Aug.       Sept.      Oct.

        INTEREST RATES

     Commercial banks(2)
 1   48-month new car                 9.62     n.a.       n.a.
 2   24-month personal               13.85     n.a.       n.a.

     Credit card plan
 3   All accounts                    15.98     n.a.       n.a.
 4   Accounts assessed interest      15.35     n.a.       n.a.

     Auto finance companies
 5   New car                          7.46       7.16       4.74
 6   Used car                         13.7      13.91      13.87

        OTHER TERMS(3)

     Maturity (months)
 7   New car                          55.7       55.9       57.6
 8   Used car                         57.2       57.0       57.0

     Loan-to-value ratio
 9   New car                            92         91         93
10   Used car                          100        100        100

    Amount financed (dollars)
11  New car                         20,664     21,010     22,069
12  Used car                        14,166     13,950     13,978

             Item
                                          2000
                                    Nov.       Dec.

        INTEREST RATES

     Commercial banks(2)
 1   48-month new car                 9.63     n.a.
 2   24-month personal               14.12     n.a.

     Credit card plan
 3   All accounts                    15.99     n.a.
 4   Accounts assessed interest      15.23     n.a.

     Auto finance companies
 5   New car                          5.41       7.45
 6   Used car                        13.66      13.58

        OTHER TERMS(3)

     Maturity (months)
 7   New car                          57.3       55.2
 8   Used car                         56.8       56.6

     Loan-to-value ratio
 9   New car                            93         91
10   Used car                          100        100

    Amount financed (dollars)
11  New car                         22,443     21,867
12  Used car                        14,325     14,591

             Item
                                          2001
                                    Jan.       Feb.

        INTEREST RATES

     Commercial banks(2)
 1   48-month new car               n.a.         9.17
 2   24-month personal              n.a.        13.71

     Credit card plan
 3   All accounts                   n.a.        15.66
 4   Accounts assessed interest     n.a.        14.61

     Auto finance companies
 5   New car                          7.29       7.28
 6   Used car                        13.11      13.16

        OTHER TERMS(3)

     Maturity (months)
 7   New car                          54.3       55.2
 8   Used car                         57.8       57.9

     Loan-to-value ratio
 9   New car                            90         90
10   Used car                           98         98

    Amount financed (dollars)
11  New car                         21,315     21,173
12  Used car                        14,155     14,105

(1.) The Board's series on amounts of credit covers most short- and
intermediate-term credit extended to individuals. Data in this
table also appear in the Board's G.19 (421) monthly
statistical release. For ordering address, see inside front cover.

(2.) Data are available for only the second month of each quarter.

(3.) At auto finance companies.
1.57 FUNDS RAISED IN U.S. CREDIT MARKETS(1)

Billions of dollars; quarterly data at seasonally adjusted annual rates

Transaction category sector              1995      1996      1997

                                             Nonfinancial sectors

 1   Total net borrowing by
       domestic nonfinancial sectors      711.1     731.3     804.6

     By sector and instrument
 2   Federal government                   144.4     145.0      23.1
 3   Treasury securities                  142.9     146.6      23.2
 4   Budget agency securities
       and mortgages                        1.5       1.6       -.1

 5   Nonfederal                           566.7     586.3     781.5

 6   Commercial paper                      18.1       -.9      13.7
 7   Municipal securities and loans       -48.2       2.6      71.4
 8   Corporate bonds                       91.1     116.3     150.5
 9   Bank loans n.e.c.                    103.7      70.5     106.5
10   Other loans and advances              67.2      33.5      69.1
11   Mortgages                            195.8     275.7     317.7
12     Home                               181.0     242.1     252.3
13     Multifamily residential              6.1       9.0       8.2
14     Commercial                           7.1      22.0      54.1
15     Farm                                 1.6       2.6       3.2
16   Consumer credit                      138.9      88.8      52.5

     By borrowing sector
17   Household                            363.5     375.8     337.1
18   Nonfinancial business                254.7     235.3     388.2
19     Corporate                          227.5     149.1     266.2
20     Nonfarm noncorporate                24.3      81.4     115.6
21     Farm                                 2.9       4.8       6.2
22   State and local government           -51.5      -6.8      56.1

23   Foreign net borrowing
         in United States                  78.5      88.4      71.8
24     Commercial paper                    13.5      11.3       3.7
25     Bonds                               57.1      67.0      61.4
26     Bank loans n.e.c.                    8.5       9.1       8.5
27     Other loans and advances             -.5       1.0      -1.8

28   Total domestic plus foreign          789.6     819.7     876.3

                                              Financial sectors

29   Total net borrowing by
       financial sectors                  454.0     545.7     653.8

    By instrument
30  Federal government-related            204.2     231.4     212.9
31    Government-sponsored
          enterprise securities           105.9      90.4      98.4
32    Mortgage pool securities             98.3     141.0     114.6
33    Loans from U.S. government             .0        .0        .0

34   Private                              249.8     314.4     440.9
35     Open market paper                   42.7      92.2     166.7
36     Corporate bond                     195.9     173.8     210.5
37     Bank loans n.e.c.                    2.5      12.6      13.2
38     Other loans and advances             3.4      27.9      35.6
39     Mortgages                            5.3       7.9      14.9

     By borrowing sector
40   Commercial banking                    22.5      13.0      46.1
41   Savings institutions                   2.6      25.5      19.7
42   Credit unions                          -.1       -.1       0.1
43   Life insurance companies               -.1       1.1       0.2
44   Government-sponsored enterprises     105.9      90.4      98.4
45   Federally related mortgage pools      98.3     141.0     114.6
46   Issuers of asset-backed
         securities (ABSs)                142.4     150.8     202.2
47   Finance companies                     50.2      45.9      48.7
48   Mortgage companies                    -2.2       4.1      -4.6
49   Real estate                            4.5      11.9      39.6
50   Brokers and dealers                   -5.0      -2.0       8.1
51   Funding corporations                  34.9      64.1      80.7

52   Total net borrowing, all sectors   1,243.7   1,243.7   1,530.1

53   Open market paper                     74.3     102.6     184.1
54   U.S. government securities           348.6     376.4     236.0
55   Municipal securities                 -48.2       2.6      71.4
56   Corporate and foreign bonds          344.1     357.0     422.4
57   Bank loans n.e.c.                    114.7      92.1     128.2
58   Other loans and advances              70.1      62.5     102.8
59   Mortgages                            201.1     283.5     332.6
60   Consumer credit                      138.9      88.8      52.5

                                         Funds raised through mutual
                                         funds and corporate equities

61   Total net issues                     131.5     231.9     181.2

62   Corporate equities                   -16.0      -5.7     -83.9
63   Nonfinancial corporations            -58.3     -69.5    -114.4
64   Foreign shares purchased by U.S.
         residents                         50.4      82.8      57.6
65   Financial corporations                -8.1     -19.0     -27.1
66   Mutual fund shares                   147.4     237.6     265.1

Transaction category sector              1998      1999      1999
                                                              Q2

                                             Nonfinancial sectors

 1   Total net borrowing by
       domestic nonfinancial sectors    1,044.6   1,121.5     939.8

     By sector and instrument
 2   Federal government                   -52.6     -71.2     -98.5
 3   Treasury securities                  -54.6     -71.0     -99.1
 4   Budget agency securities
       and mortgages                        2.0       -.2        .6

 5   Nonfederal                         1,097.2   1,192.7   1,038.3

 6   Commercial paper                      24.4      37.4      -2.6
 7   Municipal securities and loans        96.8      68.2      56.8
 8   Corporate bonds                      218.7     229.9     287.6
 9   Bank loans n.e.c.                    108.2      82.7      24.0
10   Other loans and advances              74.3      71.2       2.3
11   Mortgages                            507.2     608.9     608.9
12     Home                               386.8     432.0     440.2
13     Multifamily residential             20.8      40.2      33.0
14     Commercial                          93.4     131.2     126.7
15     Farm                                 6.2       5.5       9.0
16   Consumer credit                       67.6      94.4      61.4

     By borrowing sector
17   Household                            479.1     538.2     512.9
18   Nonfinancial business                537.8     602.1     481.8
19     Corporate                          418.1     481.6     372.8
20     Nonfarm noncorporate               112.0     115.3     107.2
21     Farm                                 7.7       5.2       1.7
22   State and local government            80.3      52.3      43.6

23   Foreign net borrowing
         in United States                  43.3      25.3     -24.5
24     Commercial paper                     7.8      16.3     -27.5
25     Bonds                               34.8      14.2        .2
26     Bank loans n.e.c.                    6.7        .5       5.6
27     Other loans and advances            -6.0      -5.7      -2.8

28   Total domestic plus foreign        1,087.9   1,146.8     915.3

                                              Financial sectors

29   Total net borrowing by
       financial sectors                1,073.9   1,087.9     995.3

    By instrument
30  Federal government-related            470.9     592.0     576.6
31    Government-sponsored
          enterprise securities           278.3     318.2     304.7
32    Mortgage pool securities            192.6     273.8     271.9
33    Loans from U.S. government             .0        .0        .0

34   Private                              603.0     495.9     418.8
35     Open market paper                  161.0     176.2      57.3
36     Corporate bond                     296.9     221.8     254.8
37     Bank loans n.e.c.                   30.1     -14.3      11.0
38     Other loans and advances            90.2     107.1     107.9
39     Mortgages                           24.8       5.1     -12.3

     By borrowing sector
40   Commercial banking                    72.9      67.2      61.5
41   Savings institutions                  52.2      48.0      59.2
42   Credit unions                           .6       2.2       1.4
43   Life insurance companies                .7        .7       3.0
44   Government-sponsored enterprises     278.3     318.2     304.7
45   Federally related mortgage pools     192.6     273.8     271.9
46   Issuers of asset-backed
         securities (ABSs)                321.4     234.0     301.5
47   Finance companies                     43.0      62.4      90.5
48   Mortgage companies                     1.6        .2       5.1
49   Real estate                           62.7       6.3     -19.7
50   Brokers and dealers                    7.2     -17.2     -18.3
51   Funding corporations                  40.7      92.2     -65.3

52   Total net borrowing, all sectors   2,161.8   2,234.6   1,910.7

53   Open market paper                    193.1     229.9      27.2
54   U.S. government securities           418.3     520.7     478.1
55   Municipal securities                  96.8      68.2      56.8
56   Corporate and foreign bonds          550.4     465.9     542.6
57   Bank loans n.e.c.                    145.0      68.9      40.6
58   Other loans and advances             158.5     172.6     107.5
59   Mortgages                            532.0     614.0     596.6
60   Consumer credit                       67.6      94.4      61.4

                                         Funds raised through mutual
                                         funds and corporate equities

61   Total net issues                     100.0     156.5     173.1

62   Corporate equities                  -174.6     -31.8     -39.3
63   Nonfinancial corporations           -267.0    -143.5    -338.4
64   Foreign shares purchased by U.S.
         residents                        101.2     114.4     284.4
65   Financial corporations                -8.9      -2.8      14.7
66   Mutual fund shares                   274.6     188.3     212.4

Transaction category sector                    1999          2000
                                          Q3        Q4        Q1

                                             Nonfinancial sectors

 1   Total net borrowing by
       domestic nonfinancial sectors    1,178.0   1,089.5     924.0

     By sector and instrument
 2   Federal government                   -68.9     -34.0    -215.5
 3   Treasury securities                  -68.9     -34.0    -213.5
 4   Budget agency securities
       and mortgages                         .0        .0      -2.1

 5   Nonfederal                         1,247.0   1,123.5   1,139.6

 6   Commercial paper                      49.8      44.0      29.8
 7   Municipal securities and loans        71.3      52.5       8.9
 8   Corporate bonds                      202.8     155.2     186.2
 9   Bank loans n.e.c.                    112.3     108.6     131.9
10   Other loans and advances              79.2      55.4     153.3
11   Mortgages                            655.4     598.3     484.9
12     Home                               479.4     397.1     344.1
13     Multifamily residential             41.3      50.9      29.5
14     Commercial                         127.6     147.9     104.4
15     Farm                                 7.0       2.5       6.9
16   Consumer credit                       76.2     109.5     144.6

     By borrowing sector
17   Household                            580.6     498.0     523.0
18   Nonfinancial business                613.9     591.9     612.8
19     Corporate                          473.8     453.6     481.3
20     Nonfarm noncorporate               131.6     132.7     116.5
21     Farm                                 8.5       5.6      15.0
22   State and local government            52.5      33.6       3.8

23   Foreign net borrowing
         in United States                  77.3      17.6     118.0
24     Commercial paper                    41.1      33.6      57.8
25     Bonds                               44.0      -2.7      45.7
26     Bank loans n.e.c.                   -6.6       2.3      15.4
27     Other loans and advances            -1.1     -15.5       -.6

28   Total domestic plus foreign        1,255.4   1,107.1   1,042.0

                                              Financial sectors

29   Total net borrowing by
       financial sectors                1,064.2   1,063.2     617.7

    By instrument
30  Federal government-related            651.6     550.1     248.6
31    Government-sponsored
          enterprise securities           407.1     367.9     104.9
32    Mortgage pool securities            244.5     182.2     143.7
33    Loans from U.S. government             .0        .0        .0

34   Private                              412.6     513.0     369.2
35     Open market paper                   89.9     479.0     130.9
36     Corporate bond                     179.5     -21.0     166.5
37     Bank loans n.e.c.                   -5.9     -55.6        .3
38     Other loans and advances           139.8     107.5      64.4
39     Mortgages                            9.4       3.2       7.0

     By borrowing sector
40   Commercial banking                   107.0      54.1      72.4
41   Savings institutions                  51.9       5.8      40.6
42   Credit unions                          2.8       3.3      -2.9
43   Life insurance companies               1.1      -4.4       -.7
44   Government-sponsored enterprises     407.1     367.9     104.9
45   Federally related mortgage pools     244.5     182.2     143.7
46   Issuers of asset-backed
         securities (ABSs)                220.5     124.2     166.0
47   Finance companies                    -17.2      99.2      52.3
48   Mortgage companies                    -6.1       6.2      -3.0
49   Real estate                            7.9      11.3      11.5
50   Brokers and dealers                   17.8     -37.3      44.4
51   Funding corporations                  27.0     250.6     -11.4

52   Total net borrowing, all sectors   2,319.6   2,170.3   1,659.8

53   Open market paper                    180.7     556.6     218.4
54   U.S. government securities           582.7     516.1      33.0
55   Municipal securities                  71.3      52.5       8.9
56   Corporate and foreign bonds          426.3     131.5     398.4
57   Bank loans n.e.c.                     99.8      55.2     147.7
58   Other loans and advances             217.9     147.3     216.9
59   Mortgages                            664.8     601.5     491.9
60   Consumer credit                       76.2     109.5     144.6

                                         Funds raised through mutual
                                         funds and corporate equities

61   Total net issues                     124.5     172.9     410.7

62   Corporate equities                    -3.0        .1     104.6
63   Nonfinancial corporations           -128.4     -55.0      62.8
64   Foreign shares purchased by U.S.
         residents                        121.7      71.3      63.3
65   Financial corporations                 3.7     -16.2     -21.4
66   Mutual fund shares                   127.5     172.8     306.1

Transaction category sector                        2000
                                          Q2        Q3        Q4

                                             Nonfinancial sectors

 1   Total net borrowing by
       domestic nonfinancial sectors      971.5     779.9     835.7

     By sector and instrument
 2   Federal government                  -414.0    -219.5    -334.3
 3   Treasury securities                 -415.8    -217.1    -333.3
 4   Budget agency securities
       and mortgages                        1.8      -2.4      -1.2

 5   Nonfederal                         1,385.4     999.4   1,170.2

 6   Commercial paper                     110.4      56.1      -4.0
 7   Municipal securities and loans        34.0      29.8      68.6
 8   Corporate bonds                      153.8     184.4     175.6
 9   Bank loans n.e.c.                    163.1      31.8      84.2
10   Other loans and advances             124.4      -2.5     141.1
11   Mortgages                            662.6     577.0     570.5
12     Home                               489.4     429.6     414.1
13     Multifamily residential             44.7      31.3      36.6
14     Commercial                         119.7     110.7     116.8
15     Farm                                 8.9       5.3       3.0
16   Consumer credit                      137.2     122.9     134.2

     By borrowing sector
17   Household                            638.9     552.2     576.0
18   Nonfinancial business                725.7     423.5     533.9
19     Corporate                          592.4     309.1     404.5
20     Nonfarm noncorporate               125.1     109.3     117.6
21     Farm                                 8.3       5.1      11.7
22   State and local government            20.8      23.6      60.3

23   Foreign net borrowing
         in United States                  -7.6      89.2      47.8
24     Commercial paper                    12.0       7.0      50.1
25     Bonds                              -27.4      71.7     -15.3
26     Bank loans n.e.c.                    5.7      11.9      12.2
27     Other loans and advances             2.0      -1.5        .8
                                          963.9     869.0     883.5

                                              Financial sectors

28   Total domestic plus foreign

29   Total net borrowing by
       financial sectors                  817.5     733.2   1,079.0

    By instrument
30  Federal government-related            370.9     503.5     607.9
31    Government-sponsored
          enterprise securities           248.9     278.1     300.5
32    Mortgage pool securities            122.1     225.4     307.4
33    Loans from U.S. government             .0        .0        .0

34   Private                              446.6     229.7     471.1
35     Open market paper                   77.4      65.2     237.5
36     Corporate bond                     230.7     195.9     220.9
37     Bank loans n.e.c.                    5.4       -.7     -12.7
38     Other loans and advances           123.1     -36.7      19.1
39     Mortgages                           10.0       6.0       6.4

     By borrowing sector
40   Commercial banking                   113.2      23.5      31.1
41   Savings institutions                  59.1     -23.4      32.5
42   Credit unions                           .9       1.1       1.0
43   Life insurance companies              -1.1       -.3      -0.7
44   Government-sponsored enterprises     248.9     278.1     300.5
45   Federally related mortgage pools     122.1     225.4     307.4
46   Issuers of asset-backed
         securities (ABSs)                154.8     155.6     298.8
47   Finance companies                    103.9      96.9      46.8
48   Mortgage companies                     2.7       -.3       1.0
49   Real estate                            9.8      -2.4      10.4
50   Brokers and dealers                    -.7      25.4      -6.7
51   Funding corporations                   4.0     -46.4      56.9

52   Total net borrowing, all sectors   1,781.4   1,602.2   1,962.6

53   Open market paper                    199.8     128.4     283.6
54   U.S. government securities           -43.0     284.0     273.4
55   Municipal securities                  34.0      29.8      68.6
56   Corporate and foreign bonds          357.2     452.0     381.2
57   Bank loans n.e.c.                    174.2      43.0      83.6
58   Other loans and advances             249.5     -40.7     161.0
59   Mortgages                            672.6     583.0     576.9
60   Consumer credit                      137.2     122.9     134.2

                                         Funds raised through mutual
                                         funds and corporate equities

61   Total net issues                     168.9     208.1    -105.7

62   Corporate equities                   -68.7     -51.7    -282.0
63   Nonfinancial corporations           -248.8     -75.6    -350.8
64   Foreign shares purchased by U.S.
         residents                        180.1      50.0      71.5
65   Financial corporations                 -.1     -26.1      -2.8
66   Mutual fund shares                   237.6     259.8     176.3

(1.) Data in this table also appear in the Board's Z.1 (780) quarterly
statistical release, tables F.2 through F.4. For ordering address, see
inside front cover.
1.58 SUMMARY OF FINANCIAL TRANSACTIONS(1)

Billions of dollars except as noted; quarterly data at seasonally
adjusted annual rates

Transaction category or sector                        1995      1996

         NET LENDING IN CREDIT MARKETS(2)

 1   Total net lending in credit markets             1,243.7   1,365.4

 2   Domestic nonfederal nonfinancial sectors          -61.0      79.5
 3     Household                                        34.5     127.8
 4     Nonfinancial corporate business                  -8.8     -10.2
 5     Nonfarm noncorporate business                     4.7      -4.3
 6     State and local governments                     -91.4     -33.7
 7   Federal government                                  -.5      -7.2
 8   Rest of the world                                 273.9     414.4
 9   Financial sectors                               1,031.2     878.7
10     Monetary authority                               12.7      12.3
11     Commercial banking                              265.9     187.5
12       U.S.-chartered banks                          186.5     119.6
13       Foreign banking offices in United States       75.4      63.3
14       Bank holding companies                          -.3       3.9
15       Banks in U.S.-affiliated areas                  4.2        .7
16     Savings institutions                             -7.6      19.9
17     Credit unions                                    16.2      25.5
18     Bank personal trusts and estates                 -8.3      -7.7
19     Life insurance companies                        100.0      69.6
20     Other insurance companies                        21.5      22.5
21     Private pension funds                            19.9      -4.1
22     State and local government retirement funds      33.6      37.3
23     Money market mutual funds                        86.5      88.8
24     Mutual funds                                     52.5      48.9
25     Closed-end funds                                 10.5       4.7
26     Government-sponsored enterprises                 86.7      84.2
27     Federally related mortgage pools                 98.3     141.0
28     Asset-backed securities issuers (ABSs)          120.6     120.5
29     Finance companies                                49.9      18.4
30     Mortgage companies                               -3.4       8.2
31     Real estate investment trusts (REITs)             1.4       4.4
32     Brokers and dealers                              90.1     -15.7
33     Funding corporations                            -15.7      12.6

             RELATION OF LIABILITIES
               TO FINANCIAL ASSETS

34   Net flows through credit markets                1,243.7   1,365.4

     Other financial sources
35   Official foreign exchange                           8.8      -6.3
36   Special drawing rights certificates                 2.2       -.5
37   Treasury currency                                    .7        .5
38   Foreign deposits                                   35.3      85.9
39   Net interbank transactions                         10.0     -51.6
40   Checkable deposits and currency                   -12.8      15.7
41   Small time and savings deposits                    96.6      97.2
42   Large time deposits                                65.6     114.0
43   Money market fund shares                          141.2     145.4
44   Security repurchase agreements                    110.5      41.4
45   Corporate equities                                -16.0      -5.7
46   Mutual fund shares                                147.4     237.6
47   Trade payables                                    127.5     113.5
48   Security credit                                    26.7      52.4
49   Life insurance reserves                            45.8      44.5
50   Pension fund reserves                             158.7     148.1
51   Taxes payable                                       6.2      16.2
52   Investment in bank personal trusts                  6.4      -5.3
53   Noncorporate proprietors' equity                   34.6      -3.4
54   Miscellaneous                                     505.4     532.1

55   Total financial sources                         2,744.3   2,937.2

     Liabilities not identified as assets (-)
56   Treasury currency                                   -.3       -.4
57   Foreign deposits                                   25.1      59.6
58   Net interbank liabilities                          -3.1      -3.3
59   Security repurchase agreements                     25.7       2.4
60   Taxes payable                                      21.1      23.1
61   Miscellaneous                                    -166.0     -82.8

     Floats not included in assets (-)
62   Federal government checkable deposits              -6.0       .5
63   Other checkable deposits                           -3.8      -4.0
64   Trade credit                                       14.1     -21.9

65   Total identified to sectors as assets           2,837.6   2,964.2

Transaction category or sector                        1997      1998

         NET LENDING IN CREDIT MARKETS(2)

 1   Total net lending in credit markets             1,530.1   2,161.8

 2   Domestic nonfederal nonfinancial sectors          -13.7     132.3
 3     Household                                         1.0     -16.2
 4     Nonfinancial corporate business                 -12.7      14.0
 5     Nonfarm noncorporate business                    -2.1        .1
 6     State and local governments                        .1     134.5
 7   Federal government                                  5.1      13.5
 8   Rest of the world                                 311.3     254.2
 9   Financial sectors                               1,227.5   1,761.7
10     Monetary authority                               38.3      21.1
11     Commercial banking                              324.3     305.2
12       U.S.-chartered banks                          274.9     312.0
13       Foreign banking offices in United States       40.2     -11.9
14       Bank holding companies                          5.4       -.9
15       Banks in U.S.-affiliated areas                  3.7       6.0
16     Savings institutions                             -4.7      36.3
17     Credit unions                                    16.8      19.0
18     Bank personal trusts and estates                -25.0     -12.8
19     Life insurance companies                        104.8      76.9
20     Other insurance companies                        25.2      20.4
21     Private pension funds                            47.6      56.4
22     State and local government retirement funds      63.8      71.5
23     Money market mutual funds                        87.5     244.0
24     Mutual funds                                     80.9     124.8
25     Closed-end funds                                 -2.9       4.5
26     Government-sponsored enterprises                 94.3     261.7
27     Federally related mortgage pools                114.6     192.6
28     Asset-backed securities issuers (ABSs)          163.8     281.7
29     Finance companies                                21.9      51.9
30     Mortgage companies                               -9.1       3.2
31     Real estate investment trusts (REITs)            20.2      -5.1
32     Brokers and dealers                              14.9       6.8
33     Funding corporations                             50.4       1.6

             RELATION OF LIABILITIES
               TO FINANCIAL ASSETS

34   Net flows through credit markets                1,530.1   2,161.8

     Other financial sources
35   Official foreign exchange                            .7       6.6
36   Special drawing rights certificates                 -.5        .0
37   Treasury currency                                    .5        .6
38   Foreign deposits                                  108.9       2.0
39   Net interbank transactions                        -19.7     -32.3
40   Checkable deposits and currency                    41.2      47.4
41   Small time and savings deposits                    97.1     152.4
42   Large time deposits                               122.5      92.1
43   Money market fund shares                          155.9     287.2
44   Security repurchase agreements                    120.9      91.3
45   Corporate equities                                -83.9    -174.6
46   Mutual fund shares                                265.1     274.6
47   Trade payables                                    132.1      29.0
48   Security credit                                   111.0     103.3
49   Life insurance reserves                            59.3      48.0
50   Pension fund reserves                             201.2     202.5
51   Taxes payable                                      15.7      12.0
52   Investment in bank personal trusts                -49.9     -42.5
53   Noncorporate proprietors' equity                  -46.0     -41.4
54   Miscellaneous                                     487.5     841.6

55   Total financial sources                         3,249.7   4,061.4

     Liabilities not identified as assets (-)
56   Treasury currency                                   -.2       -.1
57   Foreign deposits                                  107.4      -6.4
58   Net interbank liabilities                         -19.9       3.4
59   Security repurchase agreements                     63.2      61.3
60   Taxes payable                                      28.0      13.9
61   Miscellaneous                                     -84.7     -56.4

     Floats not included in assets (-)
62   Federal government checkable deposits              -2.7       2.6
63   Other checkable deposits                           -3.9      -3.1
64   Trade credit                                      -28.5     -40.1

65   Total identified to sectors as assets           3,190.9   4,086.3

                                                                1999
Transaction category or sector                        1999
                                                                 Q2

         NET LENDING IN CREDIT MARKETS(2)

 1   Total net lending in credit markets             2,234.6   1,910.7

 2   Domestic nonfederal nonfinancial sectors          264.5     360.2
 3     Household                                       200.5     279.4
 4     Nonfinancial corporate business                  19.1      -1.4
 5     Nonfarm noncorporate business                     1.5       1.2
 6     State and local governments                      43.4      81.0
 7   Federal government                                  5.8       6.7
 8   Rest of the world                                 210.6      61.6
 9   Financial sectors                               1,753.7   1,482.1
10     Monetary authority                               25.7      59.8
11     Commercial banking                              308.2     166.6
12       U.S.-chartered banks                          317.6     259.4
13       Foreign banking offices in United States      -20.1    -102.5
14       Bank holding companies                          6.2        .4
15       Banks in U.S.-affiliated areas                  4.4       9.2
16     Savings institutions                             68.7      85.3
17     Credit unions                                    27.5      32.7
18     Bank personal trusts and estates                 27.8      27.8
19     Life insurance companies                         53.5      68.2
20     Other insurance companies                        -4.2      26.7
21     Private pension funds                            45.0      68.7
22     State and local government retirement funds      49.9      25.1
23     Money market mutual funds                       182.0     -67.0
24     Mutual funds                                     47.2     117.2
25     Closed-end funds                                  3.1       3.1
26     Government-sponsored enterprises                235.5     251.7
27     Federally related mortgage pools                273.8     271.9
28     Asset-backed securities issuers (ABSs)          215.8     284.8
29     Finance companies                                94.9      88.1
30     Mortgage companies                                 .3      10.2
31     Real estate investment trusts (REITs)            -2.6      -2.2
32     Brokers and dealers                             -34.7    -135.9
33     Funding corporations                            136.3      99.4

             RELATION OF LIABILITIES
               TO FINANCIAL ASSETS

34   Net flows through credit markets                2,234.6   1,910.7

     Other financial sources
35   Official foreign exchange                          -8.7      -5.4
36   Special drawing rights certificates                -3.0        .0
37   Treasury currency                                   1.0       2.1
38   Foreign deposits                                   86.5     110.1
39   Net interbank transactions                         17.6      93.4
40   Checkable deposits and currency                   151.4      37.5
41   Small time and savings deposits                    44.7     106.6
42   Large time deposits                               130.6      42.4
43   Money market fund shares                          249.1     115.3
44   Security repurchase agreements                    169.7     -80.7
45   Corporate equities                                -31.8     -39.3
46   Mutual fund shares                                188.3     212.4
47   Trade payables                                    197.3     224.4
48   Security credit                                   104.3     128.2
49   Life insurance reserves                            50.8      42.1
50   Pension fund reserves                             187.7     199.0
51   Taxes payable                                      15.7      47.3
52   Investment in bank personal trusts                 -7.1      -7.1
53   Noncorporate proprietors' equity                   -8.0      23.8
54   Miscellaneous                                     749.1   1,436.1

55   Total financial sources                         4,519.7   4,598.8

     Liabilities not identified as assets (-)
56   Treasury currency                                   -.7        .6
57   Foreign deposits                                   66.5      96.8
58   Net interbank liabilities                           3.5      -4.8
59   Security repurchase agreements                     30.1       -.4
60   Taxes payable                                       3.2      25.0
61   Miscellaneous                                    -317.5    -101.4

     Floats not included in assets (-)
62   Federal government checkable deposits              -7.4     -27.0
63   Other checkable deposits                            -.8       -.9
64   Trade credit                                       54.0     -64.6

65   Total identified to sectors as assets           4,688.9   4,675.5

                                                            1999
Transaction category or sector
                                                       Q3        Q4

         NET LENDING IN CREDIT MARKETS(2)

 1   Total net lending in credit markets             2,319.6   2,170.3

 2   Domestic nonfederal nonfinancial sectors          234.2      -8.8
 3     Household                                       242.8       9.7
 4     Nonfinancial corporate business                  33.0     -22.3
 5     Nonfarm noncorporate business                     .8        1.4
 6     State and local governments                     -42.4       2.4
 7   Federal government                                 11.2     -11.7
 8   Rest of the world                                 385.3     138.7
 9   Financial sectors                               1,688.9   2,052.2
10     Monetary authority                               20.6     -42.2
11     Commercial banking                              449.4     548.7
12       U.S.-chartered banks                          421.9     457.7
13       Foreign banking offices in United States       33.2      42.0
14       Bank holding companies                        -12.4      42.6
15       Banks in U.S.-affiliated areas                  6.6       6.3
16     Savings institutions                             58.1      20.2
17     Credit unions                                    27.5      18.8
18     Bank personal trusts and estates                 27.8      27.8
19     Life insurance companies                         36.8      30.7
20     Other insurance companies                       -14.4      -9.4
21     Private pension funds                             5.9      49.8
22     State and local government retirement funds      40.0      58.2
23     Money market mutual funds                       224.8     354.5
24     Mutual funds                                    -13.0     -12.7
25     Closed-end funds                                  3.1       3.1
26     Government-sponsored enterprises                275.9     225.3
27     Federally related mortgage pools                244.5     182.2
28     Asset-backed securities issuers (ABSs)          212.0      94.4
29     Finance companies                                91.7     114.4
30     Mortgage companies                              -12.1      12.3
31     Real estate investment trusts (REITs)            -2.7      -7.0
32     Brokers and dealers                              -6.7     -30.5
33     Funding corporations                             19.7     413.6

             RELATION OF LIABILITIES
               TO FINANCIAL ASSETS

34   Net flows through credit markets                2,319.6   2,170.3

     Other financial sources
35   Official foreign exchange                          -8.5      -7.0
36   Special drawing rights certificates                -4.0      -4.0
37   Treasury currency                                   2.0        .0
38   Foreign deposits                                   69.4      52.7
39   Net interbank transactions                        -30.8     -40.7
40   Checkable deposits and currency                   139.3     365.2
41   Small time and savings deposits                   119.1      28.0
42   Large time deposits                               102.7     359.4
43   Money market fund shares                          174.3     485.5
44   Security repurchase agreements                    191.4     310.5
45   Corporate equities                                 -3.0        .1
46   Mutual fund shares                                127.5     172.8
47   Trade payables                                    243.6     199.5
48   Security credit                                    29.7     321.3
49   Life insurance reserves                            48.1      57.6
50   Pension fund reserves                             191.6     177.3
51   Taxes payable                                        .4      16.8
52   Investment in bank personal trusts                 -7.2      -6.9
53   Noncorporate proprietors' equity                  -56.5      10.2
54   Miscellaneous                                     534.8     584.9

55   Total financial sources                         4,183.4   5,253.8

     Liabilities not identified as assets (-)
56   Treasury currency                                   .2       -2.2
57   Foreign deposits                                   27.3      92.5
58   Net interbank liabilities                          -7.0     -23.7
59   Security repurchase agreements                    133.2    -225.9
60   Taxes payable                                       3.0      -6.4
61   Miscellaneous                                    -489.7    -157.6

     Floats not included in assets (-)
62   Federal government checkable deposits               8.6      -9.2
63   Other checkable deposits                            -.3        .0
64   Trade credit                                       73.1     161.7

65   Total identified to sectors as assets           4,434.9   5,424.6

                                                            2000
Transaction category or sector
                                                       Q1        Q2

         NET LENDING IN CREDIT MARKETS(2)

 1   Total net lending in credit markets             1,659.8   1,781.4

 2   Domestic nonfederal nonfinancial sectors         -156.0     151.0
 3     Household                                      -251.3      84.3
 4     Nonfinancial corporate business                  90.4      22.6
 5     Nonfarm noncorporate business                     2.6       2.8
 6     State and local governments                       2.3      41.4
 7   Federal government                                  6.5       7.7
 8   Rest of the world                                 325.9     207.1
 9   Financial sectors                               1,483.4   1,415.6
10     Monetary authority                              103.4      -3.9
11     Commercial banking                              377.1     484.6
12       U.S.-chartered banks                          409.2     505.6
13       Foreign banking offices in United States        4.8     -29.9
14       Bank holding companies                        -42.2       3.5
15       Banks in U.S.-affiliated areas                  5.4       5.4
16     Savings institutions                             50.2      73.0
17     Credit unions                                    35.6      36.6
18     Bank personal trusts and estates                 18.9      13.8
19     Life insurance companies                         57.2      52.0
20     Other insurance companies                       -14.0     -18.1
21     Private pension funds                            46.8      24.7
22     State and local government retirement funds      55.3      20.7
23     Money market mutual funds                       208.8    -156.2
24     Mutual funds                                    -77.8      63.7
25     Closed-end funds                                  3.1       3.1
26     Government-sponsored enterprises                139.2     222.5
27     Federally related mortgage pools                143.7     122.1
28     Asset-backed securities issuers (ABSs)          145.3     120.3
29     Finance companies                               132.9     138.9
30     Mortgage companies                               -6.0       5.5
31     Real estate investment trusts (REITs)           -16.3      -2.5
32     Brokers and dealers                             122.5      38.1
33     Funding corporations                            -42.6     176.8

             RELATION OF LIABILITIES
               TO FINANCIAL ASSETS

34   Net flows through credit markets                1,659.8   1,781.4

     Other financial sources
35   Official foreign exchange                           1.5      -8.8
36   Special drawing rights certificates                  .0      -8.0
37   Treasury currency                                   2.2       3.2
38   Foreign deposits                                  258.5       8.5
39   Net interbank transactions                        -71.1     177.7
40   Checkable deposits and currency                  -219.1     -65.0
41   Small time and savings deposits                   104.3     130.3
42   Large time deposits                               149.2     108.4
43   Money market fund shares                          241.0      48.2
44   Security repurchase agreements                    284.1     130.4
45   Corporate equities                                104.6     -68.7
46   Mutual fund shares                                306.1     237.6
47   Trade payables                                    228.2     124.8
48   Security credit                                   523.4     -99.8
49   Life insurance reserves                            49.8      59.7
50   Pension fund reserves                             217.6     220.4
51   Taxes payable                                      22.5      31.6
52   Investment in bank personal trusts                 -5.9     -10.6
53   Noncorporate proprietors' equity                  -13.4      -2.4
54   Miscellaneous                                     701.5   1,105.4

55   Total financial sources                         4,544.7   3,904.2

     Liabilities not identified as assets (-)
56   Treasury currency                                  -1.8       -.7
57   Foreign deposits                                  209.4     -65.7
58   Net interbank liabilities                          24.4      -4.3
59   Security repurchase agreements                    561.2      27.6
60   Taxes payable                                       7.7       7.4
61   Miscellaneous                                    -340.6    -267.1

     Floats not included in assets (-)
62   Federal government checkable deposits              28.7      -2.6
63   Other checkable deposits                             .6       1.5
64   Trade credit                                       -2.9     -38.3

65   Total identified to sectors as assets           4,058.0   4,246.5

                                                            2000
Transaction category or sector
                                                       Q3        Q4

         NET LENDING IN CREDIT MARKETS(2)

 1   Total net lending in credit markets             1,602.2   1,962.6

 2   Domestic nonfederal nonfinancial sectors         -178.1    -212.4
 3     Household                                      -186.6    -219.4
 4     Nonfinancial corporate business                   3.7     -29.4
 5     Nonfarm noncorporate business                     3.8       4.3
 6     State and local governments                       1.0      32.1
 7   Federal government                                  4.5      15.0
 8   Rest of the world                                 195.0     390.9
 9   Financial sectors                               1,580.8   1,769.1
10     Monetary authority                               27.3       7.9
11     Commercial banking                              369.3     206.1
12       U.S.-chartered banks                          332.8     113.9
13       Foreign banking offices in United States       30.9      90.4
14       Bank holding companies                         -6.7      -3.3
15       Banks in U.S.-affiliated areas                 12.3       5.1
16     Savings institutions                             56.5      43.0
17     Credit unions                                    28.5      25.4
18     Bank personal trusts and estates                 17.6      18.1
19     Life insurance companies                         85.9      79.7
20     Other insurance companies                         6.0       6.3
21     Private pension funds                            68.9      21.4
22     State and local government retirement funds     -32.1       8.5
23     Money market mutual funds                       244.9     299.4
24     Mutual funds                                     46.3      72.2
25     Closed-end funds                                  3.1       3.1
26     Government-sponsored enterprises                158.9     264.5
27     Federally related mortgage pools                225.4     307.4
28     Asset-backed securities issuers (ABSs)          120.4     269.9
29     Finance companies                                81.4      43.4
30     Mortgage companies                                -.5       2.0
31     Real estate investment trusts (REITs)            -3.6      -5.4
32     Brokers and dealers                             176.8     -52.9
33     Funding corporations                           -100.2     149.2

             RELATION OF LIABILITIES
               TO FINANCIAL ASSETS

34   Net flows through credit markets                1,602.2   1,962.6

     Other financial sources
35   Official foreign exchange                            .7       8.7
36   Special drawing rights certificates                -4.0      -4.0
37   Treasury currency                                   4.2        .0
38   Foreign deposits                                  -89.2     -80.0
39   Net interbank transactions                        -61.3     -84.6
40   Checkable deposits and currency                    49.2     -49.4
41   Small time and savings deposits                   238.5     298.8
42   Large time deposits                               141.5      64.9
43   Money market fund shares                          241.9     402.8
44   Security repurchase agreements                    238.2    -200.6
45   Corporate equities                                -51.7    -282.0
46   Mutual fund shares                                259.8     176.3
47   Trade payables                                    132.6     100.5
48   Security credit                                   104.1      14.4
49   Life insurance reserves                            51.7      55.6
50   Pension fund reserves                             196.2     129.3
51   Taxes payable                                      -6.0      19.3
52   Investment in bank personal trusts                 -6.6      -5.5
53   Noncorporate proprietors' equity                   39.9     -18.2
54   Miscellaneous                                   1,189.7   1,063.7

55   Total financial sources                         4,271.5   3,572.7

     Liabilities not identified as assets (-)
56   Treasury currency                                    .9      -1.6
57   Foreign deposits                                 -111.7    -132.l
58   Net interbank liabilities                         -18.3      68.5
59   Security repurchase agreements                    119.3    -249.6
60   Taxes payable                                     -15.4      -9.9
61   Miscellaneous                                     -38.6      21.7

     Floats not included in assets (-)
62   Federal government checkable deposits              -2.0      13.7
63   Other checkable deposits                            1.9       2.7
64   Trade credit                                      -41.4      32.2

65   Total identified to sectors as assets           4,376.7   3,827.0

(1.) Data in this table also appear in the Board's Z.1 (780) quarterly
statistical release, tables F.1 and F.5. For ordering address, see
inside front cover. F.1 and F.5. For ordering address, see inside
front cover.

(2.) Excludes corporate equities and mutual fund shares.
1.59 SUMMARY OF CREDIT MARKET DEBT OUTSTANDING(1)

Billions of dollars, end of period

Transaction category or sector                        1996       1997

                                                        Nonfinancial
                                                          sectors

 1   Total credit market debt owed by               14,443.7   15,246.8
         domestic nonfinancial sectors

     By sector and instrument
 2   Federal government                              3,781.8    3,804.9
 3     Treasury securities                           3,755.1    3,778.3
 4     Budget agency securities and mortgages           26.6       26.5

 5   Nonfederal                                     10,662.0   11,441.9

       By instrument
 6     Commercial paper                                156.4      168.6
 7     Municipal securities and loans                1,296.0    1,367.5
 8     Corporate bonds                               1,460.4    1,610.9
 9     Bank loans n.e.c                                934.1    1,040.5
10     Other loans and advances                        770.4      839.5
11     Mortgages                                     4,833.1    5,150.8
12       Home                                        3,719.0    3,971.3
13       Multifamily residential                       278.4      286.6
14       Commercial                                    748.6      802.6
15       Farm                                           87.1       90.3
16     Consumer credit                               1,211.6    1,264.1

       By borrowing sector
17     Household                                     5,222.5    5,559.9
18     Nonfinancial business                         4,376.1    4,762.5
19       Corporate                                   3,095.3    3,359.9
20       Nonfarm noncorporate                        1,130.9    1,246.5
21       Farm                                          149.9      156.1
22     State and local government                    1,063.4    1,119.5

23   Foreign credit market debt held in                542.2      608.0
         United States

24   Commercial paper                                   67.5       65.1
25   Bonds                                             366.3      427.7
26   Bank loans n.e.c                                   43.7       52.1
27   Other loans and advances                           64.7       63.0

28   Total credit market debt owed by nonfinan-
         cial sectors, domesfic and foreign         14,985.9   15,854.7

                                                      Financial sectors

29   Total credit market debt owed by
         financial sectors                           4,824.5    5,445.2

     By instrument
30   Federal government-related                      2,608.2    2,821.1
31     Government-sponsored enterprise securities      896.9      995.3
32     Mortgage pool securities                      1,711.3    1,825.8
33     Loans from U.S. govemment                          .0         .0
34   Private                                         2,216.3    2,624.1
35     Open market paper                               579.1      745.7
36     Corporate bonds                               1,378.4    1,555.9
37     Bank loans n.e.c.                                64.0       77.2
38     Other loans and advances                        162.9      198.5
39     Mortgages                                        31.9       46.8

     By borrowing sector
40   Commercial banks                                  113.6      140.6
41   Bank holding companies                            150.0      168.6
42   Savings institutions                              140.5      160.3
43   Credit unions                                        .4         .6
44   Life insurance companies                            1.6        1.8
45   Government-sponsored enterprises                  896.9      995.3
46   Federally related mortgage pools                1,711.3    1,825.8
47   Issuers of asset-backed securities (ABSs)         863.3    1,076.6
48   Brokers and dealers                                27.3       35.3
49   Finance companies                                 529.8      554.5
50   Mortgage companies                                 20.6       16.0
51   Real estate investment trusts (REITs)              56.5       96.1
52   Funding corporation                               312.7      373.7

                                                        All sectors

53   Total credit market debt, domestic
         and foreign                                19,810.4   21,300.0

54   Open market paper                                 803.0      979.4
55   U.S. government securities                      6,389.9    6,626.0
56   Municipal securities                            1,296.0    1,367.5
57   Corporate and foreign bonds                     3,205.1    3,594.5
58   Bank loans n.e.c                                1,041.7    1,169.8
59   Other loans and advances                          998.0    1,101.0
60   Mortgages                                       4,865.1    5,197.7
61   Consumer credit                                 1,211.6    1,264.1

Transaction category or sector                        1998       1999

                                                        Nonfinancial
                                                          sectors

 1   Total credit market debt owed by               16,291.4   17,447.5
         domestic nonfinancial sectors

     By sector and instrument
 2   Federal government                              3,752.2    3,681.0
 3     Treasury securities                           3,723.7    3,652.8
 4     Budget agency securities and mortgages           28.5       28.3

 5   Nonfederal                                     12,539.1   13,766.5

       By instrument
 6     Commercial paper                                193.0      230.3
 7     Municipal securities and loans                1,464.3    1,532.5
 8     Corporate bonds                               1,829.6    2,059.5
 9     Bank loans n.e.c                              1,148.8    1,231.5
10     Other loans and advances                        913.8      985.3
11     Mortgages                                     5,658.8    6,301.3
12       Home                                        4,358.1    4,790.1
13       Multifamily residential                       307.4      347.8
14       Commercial                                    896.0    1,061.4
15       Farm                                           96.5      102.0
16     Consumer credit                               1,331.7    1,426.2

       By borrowing sector
17     Household                                     6,039.0    6,577.5
18     Nonfinancial business                         5,300.3    5,936.8
19       Corporate                                   3,778.0    4,924.0
20       Nonfarm noncorporate                        1,358.4    1,473.8
21       Farm                                          163.8      169.0
22     State and local government                    1,199.8    1,252.1

23   Foreign credit market debt held in                651.4      676.9
         United States

24   Commercial paper                                   72.9       89.2
25   Bonds                                             462.5      476.7
26   Bank loans n.e.c                                   58.9       59.4
27   Other loans and advances                           57.2       51.7

28   Total credit market debt owed by nonfinan-
         cial sectors, domesfic and foreign         16,942.8   18,124.4

                                                      Financial sectors

29   Total credit market debt owed by
         financial sectors                           6,519.1    7,607.0

     By instrument
30   Federal government-related                      3,292.0    3,884.0
31     Government-sponsored enterprise securities    1,273.6    1,591.7
32     Mortgage pool securities                      2,018.4    2,292.2
33     Loans from U.S. govemment                          .0         .0
34   Private                                         3,227.1    3,723.0
35     Open market paper                               906.7    1,082.9
36     Corporate bonds                               1,852.8    2,074.6
37     Bank loans n.e.c.                               107.2       92.9
38     Other loans and advances                        288.7      395.8
39     Mortgages                                        71.6       76.7

     By borrowing sector
40   Commercial banks                                  188.6      230.0
41   Bank holding companies                            193.5      219.3
42   Savings institutions                              212.4      260.4
43   Credit unions                                       1.1        3.4
44   Life insurance companies                            2.5        3.2
45   Government-sponsored enterprises                1,273.6    1,591.7
46   Federally related mortgage pools                2,018.4    2,292.2
47   Issuers of asset-backed securities (ABSs)       1,398.0    1,632.0
48   Brokers and dealers                                42.5       25.3
49   Finance companies                                 597.5      659.9
50   Mortgage companies                                 17.7       17.8
51   Real estate investment trusts (REITs)             158.8      165.1
52   Funding corporation                               414.4      506.6

                                                        All sectors

53   Total credit market debt, domestic
         and foreign                                23,461.9   25,731.4

54   Open market paper                               1,172.6    1,402.4
55   U.S. government securities                      7,044.3    7,565.0
56   Municipal securities                            1,464.3    1,532.5
57   Corporate and foreign bonds                     4,144.9    4,610.8
58   Bank loans n.e.c                                1,314.9    1,383.8
59   Other loans and advances                        1,259.6    1,432.7
60   Mortgages                                       5,729.6    6,378.0
61   Consumer credit                                 1,331.7    1,426.2

                                                            1999
Transaction category or sector
                                                       Q2         Q3

                                                        Nonfinancial
                                                          sectors

 1   Total credit market debt owed by               16,786.7   17,109.0
         domestic nonfinancial sectors

     By sector and instrument
 2   Federal government                              3,651.7    3,633.4
 3     Treasury securities                           3,623.4    3,605.1
 4     Budget agency securities and mortgages           28.3       28.3

 5   Nonfederal                                     13,135.0   13,475.6

       By instrument
 6     Commercial paper                                232.4      239.3
 7     Municipal securities and loans                1,510.0    1,518.6
 8     Corporate bonds                               1,970.0    2,020.7
 9     Bank loans n.e.c                              1,178.5    1,202.9
10     Other loans and advances                        956.0      969.8
11     Mortgages                                     5,947.8    6,154.2
12       Home                                        4,563.8    4,693.3
13       Multifamily residential                       324.8      335.1
14       Commercial                                    959.6    1,024.4
15       Farm                                           99.6      101.4
16     Consumer credit                               1,340.4    1,370.1

       By borrowing sector
17     Household                                     6,260.7    6,424.7
18     Nonfinancial business                          5636.0     5808.5
19       Corporate                                   4,062.0    4,199.7
20       Nonfarm noncorporate                        1,408.0    1,440.2
21       Farm                                          166.1      168.6
22     State and local government                    1,238.2    1,242.4

23   Foreign credit market debt held in                652.7      672.9
         United States

24   Commercial paper                                   70.1       81.8
25   Bonds                                             466.4      477.4
26   Bank loans n.e.c                                   60.5       58.8
27   Other loans and advances                           55.8       55.0

28   Total credit market debt owed by nonfinan-
         cial sectors, domesfic and foreign         17,439.4   17,781.8

                                                      Financial sectors

29   Total credit market debt owed by
         financial sectors                           7,073.3    7,346.8

     By instrument
30   Federal government-related                      3,580.7    3,745.9
31     Government-sponsored enterprise securities    1,398.0    1,499.8
32     Mortgage pool securities                      2,182.7    2,246.1
33     Loans from U.S. govemment                          .0         .0
34   Private                                         3,492.6    3,601.0
35     Open market paper                               940.9      963.4
36     Corporate bonds                               2,042.8    2,091.1
37     Bank loans n.e.c.                               106.8      105.2
38     Other loans and advances                        328.6      365.4
39     Mortgages                                        73.6       75.9

     By borrowing sector
40   Commercial banks                                  202.7      224.2
41   Bank holding companies                            205.5      211.8
42   Savings institutions                              241.6      255.4
43   Credit unions                                       1.8        2.5
44   Life insurance companies                            4.0        4.3
45   Government-sponsored enterprises                1,398.0    1,499.8
46   Federally related mortgage pools                2,182.7    2,246.1
47   Issuers of asset-backed securities (ABSs)       1,539.9    1,599.1
48   Brokers and dealers                                30.2       34.6
49   Finance companies                                 639.2      628.5
50   Mortgage companies                                 17.8       16.3
51   Real estate investment trusts (REITs)             160.3      162.2
52   Funding corporation                               449.7      462.0

                                                        All sectors


53   Total credit market debt, domestic
         and foreign                                24,512.7   25,128.7

54   Open market paper                               1,243.3    1,284.5
55   U.S. government securities                      7,232.4    7,379.2
56   Municipal securities                            1,510.0    1,518.6
57   Corporate and foreign bonds                     4,479.2    4,589.1
58   Bank loans n.e.c                                1,345.7    1,366.9
59   Other loans and advances                        1,340.3    1,390.1
60   Mortgages                                       6,021.4    6,230.1
61   Consumer credit                                 1,340.4    1,370.1

                                                      1999       2000
Transaction category or sector
                                                       Q4         Q1

                                                        Nonfinancial
                                                          sectors

 1   Total credit market debt owed by               17,447.5   16,677.2
         domestic nonfinancial sectors

     By sector and instrument
 2   Federal government                              3,681.0    3,653.5
 3     Treasury securities                           3,652.8    3,625.8
 4     Budget agency securities and mortgages           28.3       27.8

 5   Nonfederal                                     13,766.5   14,023.7

       By instrument
 6     Commercial paper                                230.3      260.8
 7     Municipal securities and loans                1,532.5    1,539.2
 8     Corporate bonds                               2,059.5     2106.0
 9     Bank loans n.e.c                              1,231.5    1,259.1
10     Other loans and advances                        985.3    1,030.2
11     Mortgages                                     6,301.3    6,412.4
12       Home                                        4,790.1    4,865.9
13       Multifamily residential                       347.8      355.2
14       Commercial                                  1,061.4    1,087.5
15       Farm                                          102.0      103.0
16     Consumer credit                               1,426.2    1,416.0

       By borrowing sector
17     Household                                     6,577.5    6,647.5
18     Nonfinancial business                         5,936.8    6,118.9
19       Corporate                                   4,294.0    4,445.5
20       Nonfarm noncorporate                        1,473.8    1,503.2
21       Farm                                          169.0      170.2
22     State and local government                    1,252.1    1,257.3

23   Foreign credit market debt held in                676.9      704.6
         United States

24   Commercial paper                                   89.2      101.6
25   Bonds                                             476.7      488.1
26   Bank loans n.e.c                                   59.4       63.3
27   Other loans and advances                           51.7       51.7

28   Total credit market debt owed by nonfinan-
         cial sectors, domesfic and foreign         18,124.4   18,381.8

                                                      Financial sectors

29   Total credit market debt owed by
         financial sectors                           7,607.0    7,744.3

     By instrument
30   Federal government-related                      3,884.0    3,940.1
31     Government-sponsored enterprise securities    1,591.7    1,618.0
32     Mortgage pool securities                      2,292.2    2,322.1
33     Loans from U.S. govemment                          .0         .0
34   Private                                         3,723.0    3,804.2
35     Open market paper                             1,082.9    1,115.7
36     Corporate bonds                               2,074.6    2,114.2
37     Bank loans n.e.c.                                92.9       91.4
38     Other loans and advances                        395.8      404.4
39     Mortgages                                        76.7       78.5

     By borrowing sector
40   Commercial banks                                  230.0      242.2
41   Bank holding companies                            219.3      221.4
42   Savings institutions                              260.4      266.9
43   Credit unions                                       3.4        2.6
44   Life insurance companies                            3.2        3.0
45   Government-sponsored enterprises                1,591.7    1,618.0
46   Federally related mortgage pools                2,292.2    2,322.1
47   Issuers of asset-backed securities (ABSs)       1,632.0    1,665.8
48   Brokers and dealers                                25.3       36.4
49   Finance companies                                 659.9      670.7
50   Mortgage companies                                 17.8       17.1
51   Real estate investment trusts (REITs)             165.1      167.9
52   Funding corporation                               506.6      510.1

                                                        All sectors

53   Total credit market debt, domestic
         and foreign                                25,731.4   25,126.1

54   Open market paper                               1,402.4    1,478.1
55   U.S. government securities                      7,565.0    7,593.6
56   Municipal securities                            1,532.5    1,539.2
57   Corporate and foreign bonds                     4,610.8    4,708.3
58   Bank loans n.e.c                                1,383.8    1,413.7
59   Other loans and advances                        1,432.7    1,486.3
60   Mortgages                                       6,378.0    6,490.8
61   Consumer credit                                 1,426.2    1,416.0

                                                            2000
Transaction category or sector
                                                       Q2         Q3

                                                        Nonfinancial
                                                          sectors

 1   Total credit market debt owed by               17,857.4   18,064.0
         domestic nonfinancial sectors

     By sector and instrument
 2   Federal government                              3,464.0    3,410.2
 3     Treasury securities                           3,435.7    3,382.6
 4     Budget agency securities and mortgages           28.2       27.6

 5   Nonfederal                                     14,393.5   14,653.9

       By instrument
 6     Commercial paper                                296.8      307.0
 7     Municipal securities and loans                1,551.6    1,550.3
 8     Corporate bonds                               2,144.5    2,190.6
 9     Bank loans n.e.c                              1,307.2    1,311.6
10     Other loans and advances                      1,059.0    1,063.6
11     Mortgages                                     6,580.4    6,735.2
12       Home                                        4,990.6    5,108.6
13       Multifamily residential                       366.4      374.2
14       Commercial                                  1,117.4    1,145.1
15       Farm                                          106.0      107.3
16     Consumer credit                               1,454.0    1,495.6

       By borrowing sector
17     Household                                     6,816.7    6,985.8
18     Nonfinancial business                         6,311.0    6,405.0
19       Corporate                                   4,601.2    4,667.0
20       Nonfarm noncorporate                        1,534.5    1,561.1
21       Farm                                          175.4      176.9
22     State and local government                    1,265.7    1,263.1

23   Foreign credit market debt held in                699.3      727.8
         United States

24   Commercial paper                                  101.2      109.8
25   Bonds                                             481.3      499.2
26   Bank loans n.e.c                                   64.7       67.7
27   Other loans and advances                           52.1       51.2

28   Total credit market debt owed by nonfinan-
         cial sectors, domesfic and foreign         18,556.7   18,791.9

                                                      Financial sectors

29   Total credit market debt owed by
         financial sectors                           7,964.4    8,160.1

     By instrument
30   Federal government-related                      4,035.5    4,164.2
31     Government-sponsored enterprise securities    1,680.2    1,749.7
32     Mortgage pool securities                      2,355.3    2,414.5
33     Loans from U.S. govemment                          .0         .0
34   Private                                         3,928.9    3,995.9
35     Open market paper                             1,135.2    1,151.6
36     Corporate bonds                               2,183.2    2,239.3
37     Bank loans n.e.c.                                92.7       92.5
38     Other loans and advances                        436.9      430.2
39     Mortgages                                        81.0       82.5

     By borrowing sector
40   Commercial banks                                  265.4      265.2
41   Bank holding companies                            229.3      236.9
42   Savings institutions                              280.7      276.0
43   Credit unions                                       2.9        3.1
44   Life insurance companies                            2.7        2.7
45   Government-sponsored enterprises                1,680.2    1,749.7
46   Federally related mortgage pools                2,355.3    2,414.5
47   Issuers of asset-backed securities (ABSs)       1,706.4    1,753.6
48   Brokers and dealers                                36.2       42.6
49   Finance companies                                 699.2      716.5
50   Mortgage companies                                 17.8       17.7
51   Real estate investment trusts (REITs)             170.4      169.8
52   Funding corporation                               517.9      511.9

                                                        All sectors

53   Total credit market debt, domestic
         and foreign                                26,521.1   26,952.0

54   Open market paper                               1,533.3    1,568.3
55   U.S. government securities                      7,499.4    7,574.4
56   Municipal securities                            1,551.6    1,550.3
57   Corporate and foreign bonds                     4,808.9    4,929.0
58   Bank loans n.e.c                                1,464.6    1,471.7
59   Other loans and advances                        1,548.0    1,545.0
60   Mortgages                                       6,661.3    6,817.7
61   Consumer credit                                 1,454.0    1,495.6

                                                      2000
Transaction category or sector
                                                       Q4

                                                     Nonfi-
                                                    nancial
                                                    sectors

 1   Total credit market debt owed by               18,344.3
         domestic nonfinancial sectors

     By sector and instrument
 2   Federal government                              3,385.2
 3     Treasury securities                           3,357.8
 4     Budget agency securities and mortgages           27.3

 5   Nonfederal                                     14,959.2

       By instrument
 6     Commercial paper                                278.4
 7     Municipal securities and loans                1,567.8
 8     Corporate bonds                               2,234.5
 9     Bank loans n.e.c                              1,334.2
10     Other loans and advances                      1,100.4
11     Mortgages                                     6,875.0
12       Home                                        5,209.4
13       Multifamily residential                       383.3
14       Commercial                                  1,174.3
15       Farm                                          108.0
16     Consumer credit                               1,568.8

       By borrowing sector
17     Household                                     7,169.1
18     Nonfinancial business                         6,510.8
19       Corporate                                   4,740.8
20       Nonfarm noncorporate                        1,590.9
21       Farm                                          179.1
22     State and local government                    1,279.3

23   Foreign credit market debt held in                738.8
         United States

24   Commercial paper                                  120.9
25   Bonds                                             495.4
26   Bank loans n.e.c                                   70.7
27   Other loans and advances                           51.8

28   Total credit market debt owed by nonfinan-
         cial sectors, domesfic and foreign         19,083.1

                                                     Finan-
                                                      cial
                                                    sectors

29   Total credit market debt owed by
         financial sectors                           8,430.8

     By instrument
30   Federal government-related                      4,316.7
31     Government-sponsored enterprise securities    1,824.8
32     Mortgage pool securities                      2,491.9
33     Loans from U.S. govemment                          .0
34   Private                                         4,114.1
35     Open market paper                             1,210.7
36     Corporate bonds                               2,290.1
37     Bank loans n.e.c.                                91.0
38     Other loans and advances                        438.3
39     Mortgages                                        84.1

     By borrowing sector
40   Commercial banks                                  266.8
41   Bank holding companies                            242.5
42   Savings institutions                              287.7
43   Credit unions                                       3.4
44   Life insurance companies                            2.5
45   Government-sponsored enterprises                1,824.8
46   Federally related mortgage pools                2,491.9
47   Issuers of asset-backed securities (ABSs)       1,837.8
48   Brokers and dealers                                40.9
49   Finance companies                                 734.8
50   Mortgage companies                                 17.9
51   Real estate investment trusts (REITs)             172.4
52   Funding corporation                               507.4

                                                      All
                                                    sectors

53   Total credit market debt, domestic
         and foreign                                27,513.9

54   Open market paper                               1,610.0
55   U.S. government securities                      7,701.8
56   Municipal securities                            1,567.8
57   Corporate and foreign bonds                     5,019.9
58   Bank loans n.e.c                                1,495.9
59   Other loans and advances                        1,590.5
60   Mortgages                                       6,959.1
61   Consumer credit                                 1,568.8

(1.) Data in this table also appear in the Board's Z.1 (780) quarterly
statistical release, tables L.2 through L.4. For ordering address,
see inside front cover.
1.60 SUMMARY OF FINANCIAL ASSETS AND LIABILITIES(1)

Billions of dollars except as noted, end of period

        Transaction category or sector

      CREDIT MARKET DEBT OUTSTANDING(2)             1996       1997

 1   Total credit market assets                  19,810.4   21,300.0

 2   Domestic nonfederal nonfinancial sectors     3,032.1    2,974.7
 3     Household                                  2,119.1    2,076.4
 4     Nonfinancial corporate business              270.2      257.5
 5     Nonfarm noncorporate business                 38.0       35.9
 6     State and local governments                  604.8      605.0
 7   Federal government                             200.2      205.4
 8   Rest of the world                            1,926.6    2,257.3
 9   Financial sectors                           14,651.5   15,862.5
10     Monetary authority                           393.1      431.4
11     Commercial banking                         3,707.7    4,031.9
12       U.S.-chartered banks                     3,175.8    3,450.7
13       Foreign banking offices in United
           States                                   475.8      516.1
14       Bank holding companies                      22.0       27.4
15       Banks in U.S.-affiliated areas              34.1       37.8
16     Savings institutions                         933.2      928.5
17     Credit unions                                288.5      305.3
18     Bank personal trusts and estates             232.0      207.0
19     Life insurance companies                   1,657.0    1,751.1
20     Other insurance companies                    491.2      515.3
21     Private pension funds                        627.0      674.6
22     State and local government retirement
         funds                                      568.2      632.0
23     Money market mutual funds                    634.3      721.9
24     Mutual funds                                 820.2      901.1
25     Closed-end funds                             101.1       98.3
26     Government-sponsored enterprises             807.9      902.2
27     Federally related mortgage pools           1,711.3    1,825.8
28     Asset-backed securities issuers (ABSs)       773.9      937.7
29     Finance companies A20                        544.5      566.4
30     Mortgage companies                            41.2       32.1
31     Real estate investment trusts (REITs)         30.4       50.6
32     Brokers and dealers                          167.7      182.6
33     Funding corporations                         121.0      166.7

           RELATION OF LIABILITIES
             TO FINANCIAL ASSETS

34   Total credit market debt                    19,810.4   21,300.0

     Other liabilities
35   Official foreign exchange                       53.7       48.9
36   Special drawing rights certificates              9.7        9.2
37   Treasury currency                               18.9       19.3
38   Foreign deposits                               521.7      619.7
39   Net interbank liabilities                      240.8      219.4
40   Checkable deposits and currency              1,244.8    1,286.1
41   Small time and savings deposits              2,377.0    2,474.1
42   Large time deposits                            590.9      713.4
43   Money market fund shares                       886.7    1,042.5
44   Security repurchase agreements                 701.5      822.4
45   Mutual fund shares                           2,342.4    2,989.4
46   Security credit                                358.1      469.1
47   Life insurance reserves                        610.6      665.1
48   Pension fund reserves                        6,582.4    7,725.5
49   Trade payables                               1,809.3    1,941.4
50   Taxes payable                                  123.8      139.5
51   Investment in bank personal trusts             871.3      942.5
52   Miscellaneous                                6,349.1    6,670.6

53   Total liabilities                           45,502.9   50,097.8

     Financial assets not included in
       liabilities (+)
54   Gold and special drawing rights                 21.4       21.1
55   Corporate equities                          10,255.8   13,201.3
56   Household equity in noncorporate business    3,889.2    4,164.4

     Liabilities not identified as assets (-)
57   Treasury currency                               -6.1       -6.3
58   Foreign deposits                               437.0      538.3
59   Net interbank transactions                     -10.6      -32.2
60   Security repurchase agreements                 109.8      172.9
61   Taxes payable                                   76.9       92.6
62   Miscellaneous                               -1,517.9   -1,889.8

     Floats not included in assets (-)
63   Federal government checkable deposits           -1.6       -8.1
64   Other checkable deposits                        30.1       26.2
65   Trade credit                                   171.8      133.5
66   Total identified to sectors as assets       60,380.0   68,457.3

      CREDIT MARKET DEBT OUTSTANDING(2)            1998       1999

 1   Total credit market assets                  23,461.9   25,731.4

 2   Domestic nonfederal nonfinancial sectors     3,078.7    3,413.3
 3     Household                                  2,031.9    2,302.5
 4     Nonfinancial corporate business              271.5      290.6
 5     Nonfarm noncorporate business                 35.9       37.5
 6     State and local governments                  739.4      782.8
 7   Federal government                             219.1      258.0
 8   Rest of the world                            2,539.8    2,678.0
 9   Financial sectors                           17,624.3   19,382.0
10     Monetary authority                           452.5      478.1
11     Commercial banking                         4,335.7    4,643.9
12       U.S.-chartered banks                     3,761.2    4,078.9
13       Foreign banking offices in United
           States                                   504.2      484.1
14       Bank holding companies                      26.5       32.7
15       Banks in U.S.-affiliated areas              43.8       48.3
16     Savings institutions                         964.8    1,033.4
17     Credit unions                                324.2      351.7
18     Bank personal trusts and estates             194.1      222.0
19     Life insurance companies                   1,828.0    1,886.0
20     Other insurance companies                    535.7      531.6
21     Private pension funds                        731.0      775.9
22     State and local government retirement
         funds                                      703.6      753.4
23     Money market mutual funds                    965.9    1,147.8
24     Mutual funds                               1,025.9    1,073.1
25     Closed-end funds                             102.8      105.9
26     Government-sponsored enterprises           1,163.9    1,399.5
27     Federally related mortgage pools           2,018.4    2,292.2
28     Asset-backed securities issuers (ABSs)     1,219.4    1,435.3
29     Finance companies A20                        618.4      713.3
30     Mortgage companies                            35.3       35.6
31     Real estate investment trusts (REITs)         45.5       42.9
32     Brokers and dealers                          189.4      154.7
33     Funding corporations                         169.8      305.8

           RELATION OF LIABILITIES
             TO FINANCIAL ASSETS

34   Total credit market debt                    23,461.9   25,731.4

     Other liabilities
35   Official foreign exchange                       60.1       50.1
36   Special drawing rights certificates              9.2        6.2
37   Treasury currency                               19.9       20.9
38   Foreign deposits                               639.0      725.8
39   Net interbank liabilities                      189.0      204.5
40   Checkable deposits and currency              1,333.4    1,484.8
41   Small time and savings deposits              2,626.5    2,671.2
42   Large time deposits                            805.5      936.1
43   Money market fund shares                     1,329.7    1,578.8
44   Security repurchase agreements                 913.7    1,083.4
45   Mutual fund shares                           3,610.5    4,553.4
46   Security credit                                572.3      676.6
47   Life insurance reserves                        718.3      783.9
48   Pension fund reserves                        8,760.0    9,747.7
49   Trade payables                               1,970.3    2,167.6
50   Taxes payable                                  151.5      167.2
51   Investment in bank personal trusts           1,001.0    1,130.4
52   Miscellaneous                                7,237.9    7,787.5

53   Total liabilities                           55,409.7   61,507.5

     Financial assets not included in
       liabilities (+)
54   Gold and special drawing rights                 21.6       21.4
55   Corporate equities                          15,427.8   19,576.3
56   Household equity in noncorporate business    4,414.7    4,704.5

     Liabilities not identified as assets (-)
57   Treasury currency                               -6.4       -7.1
58   Foreign deposits                               548.2      615.0
59   Net interbank transactions                     -27.0      -25.5
60   Security repurchase agreements                 234.3      264.4
61   Taxes payable                                  102.0       95.3
62   Miscellaneous                               -2,434.3   -2,884.0

     Floats not included in assets (-)
63   Federal government checkable deposits           -3.9       -9.9
64   Other checkable deposits                        23.1       22.3
65   Trade credit                                    94.5      145.9
66   Total identified to sectors as assets       76,743.2   87,593.4

                                                   1999       1999
      CREDIT MARKET DEBT OUTSTANDING(2)             Q2         Q3

 1   Total credit market assets                  24,512.7   25,128.7

 2   Domestic nonfederal nonfinancial sectors     3,233.9    3,291.4
 3     Household                                  2,133.6    2,191.8
 4     Nonfinancial corporate business              268.5      280.5
 5     Nonfarm noncorporate business                 36.9       37.1
 6     State and local governments                  794.8      781.9
 7   Federal government                             225.0      260.7
 8   Rest of the world                            2,621.3    2,718.1
 9   Financial sectors                           18,432.5   18,858.5
10     Monetary authority                           485.1      489.3
11     Commercial banking                         4,383.4    4,488.3
12       U.S.-chartered banks                     3,847.6    3,944.3
13       Foreign banking offices in United
           States                                   465.7      475.3
14       Bank holding companies                      25.1       22.0
15       Banks in U.S.-affiliated areas              45.0       46.7
16     Savings institutions                       1,011.4    1,030.8
17     Credit unions                                341.0      348.5
18     Bank personal trusts and estates             208.0      215.0
19     Life insurance companies                   1,869.6    1,880.4
20     Other insurance companies                    537.5      533.9
21     Private pension funds                        762.0      763.5
22     State and local government retirement
         funds                                      728.9      738.9
23     Money market mutual funds                  1,001.8    1,049.7
24     Mutual funds                               1,083.7    1,083.0
25     Closed-end funds                             104.3      105.1
26     Government-sponsored enterprises           1,268.5    1,339.1
27     Federally related mortgage pools           2,182.7    2,246.1
28     Asset-backed securities issuers (ABSs)     1,352.7    1,409.8
29     Finance companies A20                        660.9      678.2
30     Mortgage companies                            35.6       32.5
31     Real estate investment trusts (REITs)         45.3       44.7
32     Brokers and dealers                          158.8      166.8
33     Funding corporations                         211.1      214.9

           RELATION OF LIABILITIES
             TO FINANCIAL ASSETS

34   Total credit market debt                    24,512.7   25,128.7

     Other liabilities
35   Official foreign exchange                       50.9       52.1
36   Special drawing rights certificates              8.2        7.2
37   Treasury currency                               20.4       20.9
38   Foreign deposits                               694.9      712.3
39   Net interbank liabilities                      207.1      199.6
40   Checkable deposits and currency              1,353.1    1,353.8
41   Small time and savings deposits              2,644.6    2,665.9
42   Large time deposits                            809.0      837.5
43   Money market fund shares                     1,393.5    1,444.9
44   Security repurchase agreements                 957.1      999.4
45   Mutual fund shares                           4,049.1    3,931.5
46   Security credit                                586.5      593.1
47   Life insurance reserves                        749.8      756.2
48   Pension fund reserves                        9,294.3    8,959.6
49   Trade payables                               2,030.8    2,097.9
50   Taxes payable                                  162.4      167.5
51   Investment in bank personal trusts           1,061.0    1,019.0
52   Miscellaneous                                7,431.5    7,448.5

53   Total liabilities                           58,017.0   58,395.6

     Financial assets not included in
       liabilities (+)
54   Gold and special drawing rights                 20.8       21.3
55   Corporate equities                          17,060.4   16,214.9
56   Household equity in noncorporate business    4,548.9    4,623.1

     Liabilities not identified as assets (-)
57   Treasury currency                               -6.6       -6.6
58   Foreign deposits                               584.7      591.5
59   Net interbank transactions                     -10.6      -13.2
60   Security repurchase agreements                 291.6      325.0
61   Taxes payable                                  112.2       96.5
62   Miscellaneous                               -2,673.2   -2,988.0

     Floats not included in assets (-)
63   Federal government checkable deposits          -12.4      -10.2
64   Other checkable deposits                        22.1       14.5
65   Trade credit                                    19.2       36.2
66   Total identified to sectors as assets       15,784.0   81,209.2

                                                   1999       2000
      CREDIT MARKET DEBT OUTSTANDING(2)             Q4         Q1

 1   Total credit market assets                  25,731.4   26,126.1

 2   Domestic nonfederal nonfinancial sectors     3,413.3    3,343.6
 3     Household                                  2,302.5    2,233.7
 4     Nonfinancial corporate business              290.6      288.9
 5     Nonfarm noncorporate business                 37.5       38.1
 6     State and local governments                  782.8      782.9
 7   Federal government                             258.0      259.6
 8   Rest of the world                            2,678.0    2,763.6
 9   Financial sectors                           19,382.0   19,759.3
10     Monetary authority                           478.1      501.9
11     Commercial banking                         4,643.9    4,725.0
12       U.S.-chartered banks                     4,078.9    4,171.3
13       Foreign banking offices in United
           States                                   484.1      482.0
14       Bank holding companies                      32.7       22.1
15       Banks in U.S.-affiliated areas              48.3       49.6
16     Savings institutions                       1,033.4    1,044.5
17     Credit unions                                351.7      359.0
18     Bank personal trusts and estates             222.0      226.7
19     Life insurance companies                   1,886.0    1,901.5
20     Other insurance companies                    531.6      528.0
21     Private pension funds                        775.9      787.6
22     State and local government retirement
         funds                                      753.4      767.2
23     Money market mutual funds                  1,147.8    1,217.1
24     Mutual funds                               1,073.1    1,053.7
25     Closed-end funds                             105.9      106.7
26     Government-sponsored enterprises           1,399.5    1,426.6
27     Federally related mortgage pools           2,292.2    2,322.1
28     Asset-backed securities issuers (ABSs)     1,435.3    1,463.9
29     Finance companies A20                        713.3      747.0
30     Mortgage companies                            35.6       34.1
31     Real estate investment trusts (REITs)         42.9       38.8
32     Brokers and dealers                          154.7      201.1
33     Funding corporations                         305.8      306.7

           RELATION OF LIABILITIES
             TO FINANCIAL ASSETS

34   Total credit market debt                    25,731.4   26,126.1

     Other liabilities
35   Official foreign exchange                       50.1       49.4
36   Special drawing rights certificates              6.2        6.2
37   Treasury currency                               20.9       21.4
38   Foreign deposits                               725.8      790.4
39   Net interbank liabilities                      204.5      168.1
40   Checkable deposits and currency              1,484.8    1,392.9
41   Small time and savings deposits              2,671.2    2,728.0
42   Large time deposits                            936.1      966.5
43   Money market fund shares                     1,578.8    1,666.0
44   Security repurchase agreements               1,083.4    1,155.8
45   Mutual fund shares                           4,553.4    4,863.3
46   Security credit                                676.6      803.7
47   Life insurance reserves                        783.9      799.9
48   Pension fund reserves                        9,747.7    9,952.3
49   Trade payables                               2,167.6    2,198.3
50   Taxes payable                                  167.2      180.5
51   Investment in bank personal trusts           1,130.4    1,163.0
52   Miscellaneous                                7,787.5    7,915.4

53   Total liabilities                           61,507.5   62,947.3

     Financial assets not included in
       liabilities (+)
54   Gold and special drawing rights                 21.4       21.4
55   Corporate equities                          19,576.3   20,232.0
56   Household equity in noncorporate business    4,704.5    4,732.2

     Liabilities not identified as assets (-)
57   Treasury currency                               -7.1       -7.6
58   Foreign deposits                               615.0      667.4
59   Net interbank transactions                     -25.5      -13.9
60   Security repurchase agreements                 264.4      411.3
61   Taxes payable                                   95.3       89.1
62   Miscellaneous                               -2,884.0   -3,029.7

     Floats not included in assets (-)
63   Federal government checkable deposits           -9.9       -6.5
64   Other checkable deposits                        22.3       18.7
65   Trade credit                                   145.9       94.7
66   Total identified to sectors as assets       87,593.4   89,709.3

                                                   2000       2000
      CREDIT MARKET DEBT OUTSTANDING(2)             Q2         Q3

 1   Total credit market assets                  26,521.1   26,952.0

 2   Domestic nonfederal nonfinancial sectors     3,355.l    3,317.0
 3     Household                                  2,224.0    2,182.1
 4     Nonfinancial corporate business              296.5      301.5
 5     Nonfarm noncorporate business                 38.8       39.8
 6     State and local governments                  795.8      793.7
 7   Federal government                             261.6      262.7
 8   Rest of the world                            2,812.8    2,862.0
 9   Financial sectors                           20,091.6   20,510.3
10     Monetary authority                           505.1      511.5
11     Commercial banking                         4,847.4    4,931.0
12       U.S.-chartered banks                     4,295.4    4,368.2
13       Foreign banking offices in United
           States                                   478.1      487.5
14       Bank holding companies                      23.0       21.3
15       Banks in U.S.-affiliated areas              51.0       54.0
16     Savings institutions                       1,061.7    1,080.9
17     Credit unions                                370.8      378.6
18     Bank personal trusts and estates             230.2      234.6
19     Life insurance companies                   1,913.4    1,936.5
20     Other insurance companies                    523.5      525.0
21     Private pension funds                        793.8      811.0
22     State and local government retirement
         funds                                      772.4      764.4
23     Money market mutual funds                  1,159.4    1,212.5
24     Mutual funds                               1,073.9    1,088.1
25     Closed-end funds                             107.4      108.2
26     Government-sponsored enterprises           1,483.8    1,532.8
27     Federally related mortgage pools           2,355.3    2,414.5
28     Asset-backed securities issuers (ABSs)     1,495.8    1,534.3
29     Finance companies A20                        780.6      795.5
30     Mortgage companies                            35.5       35.4
31     Real estate investment trusts (REITs)         38.2       37.3
32     Brokers and dealers                          189.3      243.5
33     Funding corporations                         354.2      334.6

           RELATION OF LIABILITIES
             TO FINANCIAL ASSETS

34   Total credit market debt                    26,521.1   26,952.0

     Other liabilities
35   Official foreign exchange                       46.5       44.9
36   Special drawing rights certificates              4.2        3.2
37   Treasury currency                               22.1       23.2
38   Foreign deposits                               792.6      770.3
39   Net interbank liabilities                      215.9      200.3
40   Checkable deposits and currency              1,409.7    1,385.7
41   Small time and savings deposits              2,738.8    2,790.9
42   Large time deposits                            987.4    1,025.9
43   Money market fund shares                     1,627.1    1,697.8
44   Security repurchase agreements               1,185.1    1,238.6
45   Mutual fund shares                           4,759.6    4,815.0
46   Security credit                                780.5      805.8
47   Life insurance reserves                        809.4      822.3
48   Pension fund reserves                        9,869.2   10,021.9
49   Trade payables                               2,229.9    2,269.9
50   Taxes payable                                  180.0      184.1
51   Investment in bank personal trusts           1,124.1    1,122.3
52   Miscellaneous                                8,164.1    8,609.7

53   Total liabilities                           63,467.3   64,783.9

     Financial assets not included in
       liabilities (+)
54   Gold and special drawing rights                 21.5       21.4
55   Corporate equities                          19,258.1   19,066.7
56   Household equity in noncorporate business    4,779.2    4,835.0

     Liabilities not identified as assets (-)
57   Treasury currency                               -7.9       -7.6
58   Foreign deposits                               650.9      623.0
59   Net interbank transactions                     -11.6      -17.6
60   Security repurchase agreements                 416.5      445.3
61   Taxes payable                                  103.0       93.7
62   Miscellaneous                               -3,035.6   -2,805.8

     Floats not included in assets (-)
63   Federal government checkable deposits           -5.2       -7.8
64   Other checkable deposits                        22.5       15.5
65   Trade credit                                    62.3       51.5
66   Total identified to sectors as assets       89,331.2   90,316.8

                                                   2000
      CREDIT MARKET DEBT OUTSTANDING(2)             Q4

 1   Total credit market assets                  27,513.9

 2   Domestic nonfederal nonfinancial sectors     3,326.4
 3     Household                                  2,171.2
 4     Nonfinancial corporate business              312.4
 5     Nonfarm noncorporate business                 40.8
 6     State and local governments                  802.0
 7   Federal government                             266.4
 8   Rest of the world                            2,957.7
 9   Financial sectors                           20,963.3
10     Monetary authority                           511.8
11     Commercial banking                         5,003.1
12       U.S.-chartered banks                     4,419.3
13       Foreign banking offices in United
           States                                   508.1
14       Bank holding companies                      20.5
15       Banks in U.S.-affiliated areas              55.3
16     Savings institutions                       1,089.1
17     Credit unions                                383.2
18     Bank personal trusts and estates             239.1
19     Life insurance companies                   1,954.7
20     Other insurance companies                    526.6
21     Private pension funds                        816.4
22     State and local government retirement
         funds                                      766.5
23     Money market mutual funds                  1,297.1
24     Mutual funds                               1,099.2
25     Closed-end funds                             109.0
26     Government-sponsored enterprises           1,602.9
27     Federally related mortgage pools           2,491.9
28     Asset-backed securities issuers (ABSs)     1,611.2
29     Finance companies A20                        812.4
30     Mortgage companies                            35.9
31     Real estate investment trusts (REITs)         36.0
32     Brokers and dealers                          225.8
33     Funding corporations                         351.6

           RELATION OF LIABILITIES
             TO FINANCIAL ASSETS

34   Total credit market debt                    27,513.9

     Other liabilities
35   Official foreign exchange                       46.1
36   Special drawing rights certificates              2.2
37   Treasury currency                               23.2
38   Foreign deposits                               750.3
39   Net interbank liabilities                      198.5
40   Checkable deposits and currency              1,413.7
41   Small time and savings deposits              2,864.2
42   Large time deposits                          1,052.1
43   Money market fund shares                     1,812.3
44   Security repurchase agreements               1,196.5
45   Mutual fund shares                           4,432.8
46   Security credit                                812.1
47   Life insurance reserves                        823.5
48   Pension fund reserves                        9,847.5
49   Trade payables                               2,314.1
50   Taxes payable                                  184.1
51   Investment in bank personal trusts           1,039.0
52   Miscellaneous                                8,777.6

53   Total liabilities                           65,103.6

     Financial assets not included in
       liabilities (+)
54   Gold and special drawing rights                 21.6
55   Corporate equities                          17,168.8
56   Household equity in noncorporate business    4,915.7

     Liabilities not identified as assets (-)
57   Treasury currency                               -8.0
58   Foreign deposits                               590.0
59   Net interbank transactions                      -4.1
60   Security repurchase agreements                 379.0
61   Taxes payable                                   96.2
62   Miscellaneous                               -3,126.0

     Floats not included in assets (-)
63   Federal government checkable deposits           -2.3
64   Other checkable deposits                        24.0
65   Trade credit                                   133.3
66   Total identified to sectors as assets       89,127.7

(1.) Data in this table also appear in the Board's Z.1 (780)
quarterly statistical release, tables L.1 and L.5. For ordering
address, see inside front cover.
(2.) Excludes corporate equities and mutual fund shares.
2.10 NONFINANCIAL BUSINESS ACTIVITY Selected Measures

Monthly data seasonally adjusted, and indexes 1992=100,
except as noted

               Measure                    1998       1999

 1   Industrial production(1)             134.0      139.6

     Market groups
 2   Products, total                      127.2      131.2
 3     Final, total                       129.3      133.3
 4       Consumer goods                   118.4      120.8
 5       Equipment                        147.1      153.8
 6     Intermediate                       121.0      125.1
 7   Materials                            145.7      154.5
     Industry groups
 8   Manufacturing                        138.2      144.8

 9   Capacity utilization,                 81.3       80.5
       manufacturing (percent)(2)

10   Construction contracts3              122.4(r)   134.9(r)

11   Nonagricultural employment,
         total(4)                         123.5      126.3
12     Goods-producing, total             103.0      103.3
13       Manufacturing, total              99.0       97.6
14       Manufacturing, production
           workers                        100.0       98.4
15     Service-producing                  130.0      133.7
16   Personal income, total               186.5      196.6
17     Wages and salary disbursements     184.6      196.9
18       Manufacturing                    152.3      157.4
19     Disposable personal income(5)      182.7      191.9
20   Retail sales(5)                      178.4      194.7

     Prices(6)
21   Consumer (1982-84=100)               163.0      166.6
22   Producer finished goods (1982=100)   130.7      133.0

                                                     2000
            Measure                       2000       July

 1   Industrial production(1)             147.5      147.6

     Market groups
 2   Products, total                      136.2      135.8
 3     Final, total                       138.8(r)   138.1
 4       Consumer goods                   123.0      122.9
 5       Equipment                        166.1      166.3
 6     Intermediate                       128.7(r)   128.7
 7   Materials                            167.8(r)   169.0
     Industry groups
 8   Manufacturing                        153.6      153.7

 9   Capacity utilization,                 81.3       81.6
       manufacturing (percent)(2)

10   Construction contracts3              142.2(r)   140.0(r)

11   Nonagricultural employment,
         total(4)                         128.9      129.1
12     Goods-producing, total             104.0      104.4
13       Manufacturing, total              97.0       97.6
14       Manufacturing, production
           workers                         97.6       98.4
15     Service-producing                  136.8      137.0
16   Personal income, total               209.0      209.5
17     Wages and salary disbursements     210.1      211.0
18       Manufacturing                    164.2      165.8
19     Disposable personal income(5)      202.0      202.5
20   Retail sales(5)                      210.0(r)   211.1

     Prices(6)
21   Consumer (1982-84=100)               172.2      172.8
22   Producer finished goods (1982=100)   138.6      138.6

                                                  2000
               Measure                    Aug.       Sept.

 1   Industrial production(1)             148.6      149.0

     Market groups
 2   Products, total                      136.6      136.7
 3     Final, total                       139.2      139.3
 4       Consumer goods                   123.8      123.8
 5       Equipment                        167.9      168.3
 6     Intermediate                       128.8      128.6
 7   Materials                            170.5      171.3
     Industry groups
 8   Manufacturing                        154.6      155.1

 9   Capacity utilization,                 81.7       81.7
       manufacturing (percent)(2)

10   Construction contracts3              138.0      143.0(r)

11   Nonagricultural employment,
         total(4)                         129.0      129.2
12     Goods-producing, total             103.9      103.9
13       Manufacturing, total              97.0       96.7
14       Manufacturing, production
           workers                         97.5       97.2
15     Service-producing                  137.0      137.3
16   Personal income, total               210.1      212.5
17     Wages and salary disbursements     211.3      212.7
18       Manufacturing                    164.9      165.1
19     Disposable personal income(5)      202.9      205.2
20   Retail sales(5)                      211.0      212.7

     Prices(6)
21   Consumer (1982-84=100)               172.8      173.7
22   Producer finished goods (1982=100)   138.2      139.4

                                                  2000
               Measure                    Oct.          Nov.

 1   Industrial production(1)             148.7      148.2

     Market groups
 2   Products, total                      136.3      136.3
 3     Final, total                       138.8      138.8
 4       Consumer goods                   122.7      122.4
 5       Equipment                        169.1      169.9
 6     Intermediate                       128.7      128.5
 7   Materials                            171.1      169.9
     Industry groups
 8   Manufacturing                        154.9      154.1

 9   Capacity utilization,                 81.2       80.5
       manufacturing (percent)(2)

10   Construction contracts3              150.0(r)   143.0(r)

11   Nonagricultural employment,
         total(4)                         129.3      129.3
12     Goods-producing, total             104.0      103.9
13       Manufacturing, total              96.7       96.6
14       Manufacturing, production
           workers                         97.1       97.0
15     Service-producing                  137.3       37.4
16   Personal income, total               212.1      212.5
17     Wages and salary disbursements     214.0      214.6
18       Manufacturing                    166.6      166.9
19     Disposable personal income(5)      204.4      204.6
20   Retail sales(5)                      212.5      211.3

     Prices(6)
21   Consumer (1982-84=100)               174.0      174.1
22   Producer finished goods (1982=100)   140.1      140.0(r)

                                                  2000
               Measure                    Dec.(r)    Jan.(r)

 1   Industrial production(1)             147.3      146.4

     Market groups
 2   Products, total                      136.0      135.5
 3     Final, total                       139.0      138.2
 4       Consumer goods                   123.1      122.1
 5       Equipment                        168.9      168.6
 6     Intermediate                       126.8      127.3
 7   Materials                            167.8      166.2
     Industry groups
 8   Manufacturing                        152.6      151.8

 9   Capacity utilization,                 79.3       78.6
       manufacturing (percent)(2)

10   Construction contracts3              143.0      151.0

11   Nonagricultural employment,
         total(4)                         129.4      129.6
12     Goods-producing, total             103.6      103.9
13       Manufacturing, total              96.4       95.9
14       Manufacturing, production
           workers                         96.6       96.1
15     Service-producing                  137.6      137.8
16   Personal income, total               213.5      214.8
17     Wages and salary disbursements     215.2      216.8
18       Manufacturing                    165.5      165.8
19     Disposable personal income(5)      205.5      206.5
20   Retail sales(5)                      211.6      214.4

     Prices(6)
21   Consumer (1982-84=100)               174.0      175.1
22   Producer finished goods (1982=100)   139.7      141.2

                                                  2001
               Measure                    Feb.       Mar.(p)

 1   Industrial production(1)             145.9      146.5

     Market groups
 2   Products, total                      134.9      135.4
 3     Final, total                       137.7      138.4
 4       Consumer goods                   122.0      122.3
 5       Equipment                        167.1      168.8
 6     Intermediate                       126.5      126.2
 7   Materials                            165.8      166.5
     Industry groups
 8   Manufacturing                        151.3      151.8

 9   Capacity utilization,                 78.2       78.1
       manufacturing (percent)(2)

10   Construction contracts3              147.0      139.0

11   Nonagricultural employment,
         total(4)                         129.8      129.7
12     Goods-producing, total             103.6      103.3
13       Manufacturing, total              95.4       95.0
14       Manufacturing, production
           workers                         95.5       94.9
15     Service-producing                  138.1      138.1
16   Personal income, total               215.8      216.8
17     Wages and salary disbursements     218.1      219.1
18       Manufacturing                    165.5      165.6
19     Disposable personal income(5)      207.5      208.5
20   Retail sales(5)                      214.3      213.7

     Prices(6)
21   Consumer (1982-84=100)               175.8      176.2
22   Producer finished goods (1982=100)   141.5      141.0

(1.) Data in this table appear in the Board's G.17 (419) monthly
statistical release. The data are also available on the Board's web
site, http://www.federalreserve.gov/releases/g17. The latest historical
revision of the industrial production index and the capacity
utilization rates was released in December 2000. The recent annual
revision is described in an article in the March 2001 issue of the
Bulletin. For a description of the methods of estimating industrial
production and capacity utilization, see "Industrial Production and
Capacity Utilization: Historical Revision and Recent Developments,"
Federal Reserve Bulletin, vol. 83 (February 1997), pp. 67-92, and the
references cited therein. For details about the construction of
individual industrial production series, see "Industrial Production:
1989 Developments and Historical Revision," Federal Reserve Bulletin,
vol. 76 (April 1990), pp. 187-204.

(2.) Ratio of index of production to index of capacity. Based on data
from the Federal Reserve, U.S. Department of Commerce, and other
sources.

(3.) Index of dollar value of total construction contracts, including
residential, nonresidential, and heavy engineering, from McGraw-Hill
Information Systems Company, F.W. Dodge Division.

(4.) Based on data from the U.S. Department of Labor, Employment and
Earnings. Series covers employees only, excluding personnel in the
armed forces.

(5.) Based on data from U.S. Department of Commerce, Survey of
Current Business.

(6.) Based on data not seasonally adjusted. Seasonally adjusted
data for changes in the price indexes can be obtained from the U.S.
Department of Labor, Bureau of Labor Statistics, Monthly Labor
Review.

NOTE. Basic data (not indexes) for series mentioned in notes 4 and
5, and indexes for series mentioned in notes 3 and 6, can also be
found in the Survey of Current Business.
2.11 LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT

Thousands of persons; monthly data seasonally adjusted

                  Category                       1998      1999

          HOUSEHOLD SURVEY DATA(1)

 1   Civilian labor force(2)                    137,673   139,368
       Employment
 2     Nonagricultural industries(3)            128,085   130,207
 3     Agriculture                                3,378     3,281
       Unemployment
 4     Number                                     6,210     5,880
 5     Rate (percent of civilian labor force)       4.5       4.2

         ESTABLISHMENT SURVEY DATA

 6   Nonagricultural payroll employment(4)      125,865   128,786

 7   Manufacturing                               18,805    18,543
 8   Mining                                         590       535
 9   Contract construction                        6,020     6,404
l0   Transportation and public utilities          6,611     6,826
11   Trade                                       29,095    29,712
12   Finance                                      7,389     7,569
13   Service                                     37,533    39,027
14   Government                                  19,823    20,170

                                                           2000
                  Category                       2000      Aug.

          HOUSEHOLD SURVEY DATA(1)

 1   Civilian labor force(2)                    140,863   140,724
       Employment
 2     Nonagricultural industries(3)            131,903   131,622
 3     Agriculture                                3,305     3,317
       Unemployment
 4     Number                                     5,655     5,785
 5     Rate (percent of civilian labor force)       4.0       4.1

         ESTABLISHMENT SURVEY DATA

 6   Nonagricultural payroll employment(4)      131,417   131,528

 7   Manufacturing                               18,437    18,432
 8   Mining                                         538       537
 9   Contract construction                        6,687     6,675
l0   Transportation and public utilities          6,993     6,941
11   Trade                                       30,191    30,253
12   Finance                                      7,618     7,608
13   Service                                     40,384    40,572
14   Government                                  20,570    20,510

                                                 2000
                  Category                       Sept.     Oct.

          HOUSEHOLD SURVEY DATA(1)

 1   Civilian labor force(2)                    140,847   141,000
       Employment
 2     Nonagricultural industries(3)            131,954   132,223
 3     Agriculture                                3,356     3,241
       Unemployment
 4     Number                                     5,537     5,536
 5     Rate (percent of civilian labor force)       3.9       3.9

         ESTABLISHMENT SURVEY DATA

 6   Nonagricultural payroll employment(4)      131,723   131,789

 7   Manufacturing                               18,380    18,378
 8   Mining                                         539       542
 9   Contract construction                        6,720     6,745
l0   Transportation and public utilities          7,037     7,046
11   Trade                                       30,249    30,280
12   Finance                                      7,622     7,638
13   Service                                     40,685    40,696
14   Government                                  20,491    20,464

                                                 2000
                  Category                       Nov.      Dec.

          HOUSEHOLD SURVEY DATA(1)

 1   Civilian labor force(2)                    141,136   141,489
       Employment
 2     Nonagricultural industries(3)            132,302   132,562
 3     Agriculture                                3,176     3,274
       Unemployment
 4     Number                                     5,658     5,653
 5     Rate (percent of civilian labor force)       4.0       4.0

         ESTABLISHMENT SURVEY DATA

 6   Nonagricultural payroll employment(4)      131,842   131,878

 7   Manufacturing                               18,360    18,312
 8   Mining                                         541       540
 9   Contract construction                        6,734     6,717
l0   Transportation and public utilities          7,060     7,086
11   Trade                                       30,331    30,330
12   Finance                                      7,647     7,661
13   Service                                     40,764    40,797
14   Government                                  20,405    20,435

                                                 2001
                  Category                      Jan.(r)   Feb.(r)

          HOUSEHOLD SURVEY DATA(1)

 1   Civilian labor force(2)                    141,955   141,751
       Employment
 2     Nonagricultural industries(3)            132,819   132,680
 3     Agriculture                                3,179     3,135
       Unemployment
 4     Number                                     5,956     5,936
 5     Rate (percent of civilian labor force)       4.2       4.2

         ESTABLISHMENT SURVEY DATA

 6   Nonagricultural payroll employment(4)      132,167   132,307

 7   Manufacturing                               18,220    18,123
 8   Mining                                         547       550
 9   Contract construction                        6,874     6,881
l0   Transportation and public utilities          7,077     7,108
11   Trade                                       30,346    30,421
12   Finance                                      7,676     7,689
13   Service                                     40,917    40,946
14   Government                                  20,510    20,589

                                                 2001
                  Category                       Mar.

          HOUSEHOLD SURVEY DATA(1)

 1   Civilian labor force(2)                    141,868
       Employment
 2     Nonagricultural industries(3)            132,618
 3     Agriculture                                3,161
       Unemployment
 4     Number                                     6,088
 5     Rate (percent of civilian labor force)       4.3

         ESTABLISHMENT SURVEY DATA

 6   Nonagricultural payroll employment(4)      132,221

 7   Manufacturing                               18,042
 8   Mining                                         552
 9   Contract construction                        6,893
l0   Transportation and public utilities          7,113
11   Trade                                       30,373
12   Finance                                      7,706
13   Service                                     40,957
14   Government                                  20,585

(1.) Beginning January 1994, reflects redesign of current
population survey and population controls from the 1990 census.
(2.) Persons sixteen years of age and older, including Resident
Armed Forces. Monthly figures are based on sample data collected
during the calendar week that contains the twelfth
day; annual data are averages of monthly figures. By definition,
seasonality does not exist in population figures.
(3.) Includes self-employed, unpaid family, and domestic service
workers.
(4.) Includes all full- and part-time employees who worked during,
or received pay for, the pay period that includes the twelfth day
of the month; excludes proprietors, self-employed persons, household
and unpaid family workers, and members of the armed forces. Data are
adjusted to the March 1992 benchmark, and only seasonally adjusted
data are available at this time.

SOURCE. Based on data from U.S. Department of Labor, Employment and
Earnings.
2.12 OUTPUT, CAPACITY, AND CAPACITY UTILIZATION(1)

Seasonally adjusted

                                                 2000
Series
                                          Q2      Q3       Q4(r)

                                             Output (1992=100)

 1   Total industry                     147.1    148.4     148.1

 2   Manufacturing                      153.0    154.4     153.8

 3     Primary processing(3)            178.6    180.3     178.7
 4     Advanced processing(4)           139.0    140.3     140.2

 5     Durable goods                    192.9    196.7     196.5
 6       Lumber and products            120.3    117.0     113.2
 7       Primary metals                 137.0    133.4     127.5
 8         Iron and steel               136.1    130.5     121.5
 9         Nonferrous                   138.2    137.0     134.7
10       Industrial machinery and
             equipment                  249.4    257.3     261.9
11       Electrical machinery           535.1    581.1     604.0
12       Motor vehicles and parts       175.9    170.8     159.7
13       Aerospace and miscellaneous
             transportation equipment    92.9     93.5     94.8
14     Nondurable goods                 116.7    116.2     115.3
15       Textile mill products          103.3     99.8     94.7
16       Paper and products             117.9    114.0     114.9
17       Chemicals and products         125.8    125.4     124.5
18         Plastics materials           140.9    137.6     131.0
19       Petroleum products             118.3    117.3     116.0

20   Mining                             100.0    100.6     100.3
21   Utilities                          120.7    121.0     123.7
22   Electric                           124.3    123.9     127.5

                                         2001         2000
Series
                                          Q1      Q2        Q3

                                        Output       Capacity
                                        (1992=     (percent of
                                         100)      1992 output)

 1   Total industry                     146.3    178.1     180.1

 2   Manufacturing                      151.6    186.9     189.2

 3     Primary processing(3)            173.9    206.9     211.2
 4     Advanced processing(4)           139.3    174.1     175.2

 5     Durable goods                    192.7    233.3     238.3
 6       Lumber and products            108.5    147.5     147.9
 7       Primary metals                 122.9    153.3     153.4
 8         Iron and steel               117.2    153.1     153.4
 9         Nonferrous                   129.7    153.4     153.4
10       Industrial machinery and
             equipment                  258.7    304.5     311.1
11       Electrical machinery           606.8    591.7     639.1
12       Motor vehicles and parts       145.3    208.2     209.2
13       Aerospace and miscellaneous
             transportation equipment    94.1    130.7     130.4
14     Nondurable goods                 114.3    144.1     144.4
15       Textile mill products           92.3    123.9     123.3
16       Paper and products             111.9    137.2     137.5
17       Chemicals and products         123.2    163.0     164.1
18         Plastics materials           125.1    151.6     151.9
19       Petroleum products             115.5    123.2     123.2

20   Mining                             101.2    116.5     116.3
21   Utilities                          123.1    132.3     133.4
22   Electric                           125.4    130.9     132.3

                                         2000    2001      2000
Series
                                         Q4       Q1        Q2

                                            Capacity     Capacity
                                          (percent of    utiliza-
                                          1992 output)   tion rate
                                                         (percent)
                                                            (2)

 1   Total industry                      182.1   183.9     82.6

 2   Manufacturing                       191.5   193.6     81.9

 3     Primary processing(3)             216.0   220.3     86.4
 4     Advanced processing(4)            176.2   177.2     79.8

 5     Durable goods                     243.6   248.4     82.7
 6       Lumber and products             148.4   148.7     81.6
 7       Primary metals                  153.5   153.5     89.4
 8         Iron and steel                153.6   153.6     88.9
 9         Nonferrous                    153.4   153.4     90.1
10       Industrial machinery and        317.3   323.4     81.9
             equipment
11       Electrical machinery            694.1   745.4     90.4
12       Motor vehicles and parts        210.1   211.1     84.5
13       Aerospace and miscellaneous
             transportation equipment    130.2   130.0     71.1
14     Nondurable goods                  144.6   144.7     80.9
15       Textile mill products           122.8   122.2     83.4
16       Paper and products              137.9   138.2     85.9
17       Chemicals and products          164.8   165.4     77.2
18         Plastics materials            152.3   152.7     93.0
19       Petroleum products              123.1   123.1     96.0

20   Mining                              115.8   115.4     85.8
21   Utilities                           134.5   135.6     91.2
22   Electric                            133.8   135.3     94.9

                                              2000         2001
Series
                                          Q3     Q4(r)      Q1

                                         Capacity utilization
                                           rate (percent)(2)

 1   Total industry                      82.4    81.3      79.5

 2   Manufacturing                       81.7    80.3      78.3

 3     Primary processing(3)             85.4    82.7      78.9
 4     Advanced processing(4)            80.1    79.5      78.6

 5     Durable goods                     82.5    80.7      77.6
 6       Lumber and products             79.1    76.3      72.9
 7       Primary metals                  87.0    83.1      80.1
 8         Iron and steel                85.1    79.1      76.3
 9         Nonferrous                    89.3    87.8      84.6
10       Industrial machinery and        82.7    82.5      80.0
             equipment
11       Electrical machinery            90.9    87.1      81.4
12       Motor vehicles and parts        81.7    76.0      68.8
13       Aerospace and miscellaneous
             transportation equipment    71.7    72.8      72.4
14     Nondurable goods                  80.5    79.7      79.0
15       Textile mill products           80.9    77.1      75.6
16       Paper and products              82.9    83.3      80.9
17       Chemicals and products          76.4    75.5      74.5
18         Plastics materials            90.5    86.0      81.9
19       Petroleum products              95.3    94.3      93.8

20   Mining                              86.6    86.6      87.7
21   Utilities                           90.7    92.0      90.8
22   Electric                            93.7    95.3      92.7

                                         1973      1975    Previous
                                                            cycle(5)

                                          High       Low       High

                                              Capacity utilization
                                                rate (percent)(2)

 1   Total industry                       89.2      72.6       87.3

 2   Manufacturing                        88.5      70.5       86.9

 3     Primary processing(3)              91.2      68.2       88.1
 4     Advanced processing(4)             87.2      71.8       86.7

 5     Durable goods                      89.2      68.9       87.7
 6       Lumber and products              88.7      61.2       87.9
 7       Primary metals                  100.2      65.9       94.2
 8         Iron and steel                105.8      66.6       95.8
 9         Nonferrous                     90.8      59.8       91.1
10       Industrial machinery and
             equipment                    96.0      74.3       93.2
11       Electrical machinery             89.2      64.7       89.4
12       Motor vehicles and parts         93.4      51.3       95.0
13       Aerospace and miscellaneous
             transportation equipment     78.4      67.6       81.9

14     Nondurable goods                   87.8      71.7       87.5
15       Textile mill products            91.4      60.0       91.2
16       Paper and products               97.1      69.2       96.1
17       Chemicals and products           87.6      69.7       84.6
18         Plastics materials            102.0      50.6       90.9
19       Petroleum products               96.7      81.1       90.0

20   Mining                               94.3      88.2       96.0
21   Utilities                            96.2      82.9       89.1
22     Electric                           99.0      82.7       88.2

                                        Previous    Latest cycle(6)
                                        cycle(5)

                                          Low       High       Low

                                              Capacity utilization
                                                rate (percent)(2)

 1   Total industry                       71.1      85.4       78.1

 2   Manufacturing                        69.0      85.7       76.6

 3     Primary processing(3)              66.2      88.9       77.7
 4     Advanced processing(4)             70.4      84.2       76.1

 5     Durable goods                      63.9      84.6       73.1
 6       Lumber and products              60.8      93.6       75.5
 7       Primary metals                   45.1      92.7       73.7
 8         Iron and steel                 37.0      95.2       71.8
 9         Nonferrous                     60.1      89.3       74.2
10       Industrial machinery and
             equipment                    64.0      85.4       72.3
11       Electrical machinery             71.6      84.0       75.0
12       Motor vehicles and parts         45.5      89.1       55.9
13       Aerospace and miscellaneous
             transportation equipment     66.6      87.3       79.2

14     Nondurable goods                   76.4      87.3       80.7
15       Textile mill products            72.3      90.4       77.7
16       Paper and products               80.6      93.5       85.0
17       Chemicals and products           69.9      86.2       79.3
18         Plastics materials             63.4      97.0       74.8
19       Petroleum products               66.8      88.5       85.1

20   Mining                               80.3      88.0       87.0
21   Utilities                            75.9      92.6       83.4
22     Electric                           78.9      95.0       87.1

                                                    2000

                                          Mar.      Oct.       Nov.

                                              Capacity utilization
                                                rate (percent)(2)

 1   Total industry                       82.2      82.0       81.4

 2   Manufacturing                        81.6      81.2       80.5

 3     Primary processing(3)              85.9      84.5       82.8
 4     Advanced processing(4)             79.6      79.9       79.7

 5     Durable goods                      82.1      81.7       80.8
 6       Lumber and products              82.8      77.5       76.3
 7       Primary metals                   89.5      84.1       82.9
 8         Iron and steel                 89.5      80.6       79.4
 9         Nonferrous                     89.8      88.2       87.1
10       Industrial machinery and
             equipment                    82.1      83.0       82.5
11       Electrical machinery             87.8      88.5       87.1
12       Motor vehicles and parts         83.2      79.7       76.2
13       Aerospace and miscellaneous
             transportation equipment     71.7      71.9       73.3

14     Nondurable goods                   81.1      80.4       79.9
15       Textile mill products            84.0      78.6       75.6
16       Paper and products               86.0      85.0       83.2
17       Chemicals and products           77.0      76.4       75.7
18         Plastics materials             92.5      90.5       87.7
19       Petroleum products               96.4      94.6       94.9

20   Mining                               86.1      86.3       87.3
21   Utilities                            87.2      89.5       90.7
22     Electric                           92.1      93.1       95.1

                                          2000            2001

                                        Dec.(r)    Jan.(r)     Feb.

                                              Capacity utilization
                                                rate (percent)(2)

 1   Total industry                       80.6      79.9       79.3

 2   Manufacturing                        79.3      78.6       78.2

 3     Primary processing(3)              80.9      79.3       78.8
 4     Advanced processing(4)             79.0      78.9       78.4

 5     Durable goods                      79.5      78.0       77.2
 6       Lumber and products              75.0      72.4       73.4
 7       Primary metals                   82.2      80.4       79.9
 8         Iron and steel                 77.2      75.5       76.2
 9         Nonferrous                     88.2      86.3       84.4
10       Industrial machinery and
             equipment                    82.1      80.9       79.9
11       Electrical machinery             85.5      83.2       81.0
12       Motor vehicles and parts         72.1      65.7       68.0
13       Aerospace and miscellaneous
             transportation equipment     73.3      72.4       71.8

14     Nondurable goods                   78.9      79.2       79.1
15       Textile mill products            77.1      75.5       76.0
16       Paper and products               81.7      80.7       81.3
17       Chemicals and products           74.5      74.6       74.5
18         Plastics materials             79.8      82.5       81.6
19       Petroleum products               93.2      93.3       94.1

20   Mining                               86.1      87.1       87.5
21   Utilities                            95.7      92.0       89.8
22     Electric                           97.7      94.0       91.6

                                          2001

                                         Mar.(p)
                                         Capacity
                                        utilization
                                           rate
                                        (percent)(2)

 1   Total industry                        79.4

 2   Manufacturing                         78.1

 3     Primary processing(3)               78.6
 4     Advanced processing(4)              78.5

 5     Durable goods                       77.5
 6       Lumber and products               73.0
 7       Primary metals                    79.9
 8         Iron and steel                  77.3
 9         Nonferrous                      83.1
10       Industrial machinery and
             equipment                     79.2
11       Electrical machinery              80.0
12       Motor vehicles and parts          72.7
13       Aerospace and miscellaneous
             transportation equipment      72.9

14     Nondurable goods                    78.7
15       Textile mill products             75.1
16       Paper and products                80.9
17       Chemicals and products            74.5
18         Plastics materials              81.6
19       Petroleum products                94.1

20   Mining                                88.4
21   Utilities                             90.5
22     Electric                            92.4

(1.) Data in this table appear in the Board's G.17 (419) monthly
statistical release. The data are also available on the Board's web
site, http://www.federalreserve.gov/releases/g17. The latest
historical revision of the industrial production index and the
capacity utilization rates was released in December 2000. The
recent annual revision is described in an article in the March 2001
issue of the Bulletin. For a description of the methods of estimating
industrial production and capacity utilization, see "Industrial
Production and Capacity Utilization: Historical Revision and Recent
Developments," Federal Reserve Bulletin, vol. 83 (February
1997), pp. 67-92, and the references cited therein. For details about
the construction of individual industrial production series, see
"Industrial Production: 1989 Developments and Historical Revision,"
Federal Reserve Bulletin, vol. 76 (April 1990), pp. 187-204.

(2.) Capacity utilization is calculated as the ratio of the Federal
Reserve's seasonally adjusted index of industrial production to the
corresponding index of capacity.

(3.) Primary processing includes textiles; lumber; paper; industrial
chemicals; synthetic materials; fertilizer materials; petroleum
products; rubber and plastics; stone, clay, and glass; primary metals;
and fabricated metals.

(4.) Advanced processing includes foods, tobacco, apparel, furniture
and fixtures, printing and publishing, chemical products such as drugs
and toiletries, agricultural chemicals, leather and products,
machinery, transportation equipment, instruments, and miscellaneous
manufactures.

(5.) Monthly highs, 1978-80; monthly lows, 1982.

(6.) Monthly highs, 1988-89; monthly lows, 1990-91.
2.13 INDUSTRIAL PRODUCTION Indexes and Gross Value(1)

Monthly data seasonally adjusted

                                                            1992
                                                 SIC(2)     pro-
                    Group                         code      por-
                                                            tion

                                                   Index (1992=100)

                MAJOR MARKETS

 1   Total index                                             100.0

 2   Products                                                 60.5
 3     Final products                                         46.3
 4       Consumer goods, total                                29.1
 5         Durable consumer goods                              6.1
 6           Automotive products                               2.6
 7             Autos and trucks                                1.7
 8               Autos, consumer                                .9
 9               Trucks, consumer                               .7
10             Auto parts and allied goods                      .9
11           Other                                             3.5
12             Appliances, televisions, and
                   air conditioners                            1.0
13             Carpeting and furniture                          .8
14             Miscellaneous home goods                        1.6
15         Nondurable consumer goods                          23.0
16           Foods and tobacco                                10.3
17           Clothing                                          2.4
18           Chemical products                                 4.5
19           Paper products                                    2.9
20           Energy                                            2.9
21             Fuels                                            .8
22            Residential utilities                            2.1

23     Equipment                                              17.2
24       Business equipment                                   13.2
25         Information processing and related                  5.4
26           Computer and office equipment                     1.1
27         Industrial                                          4.0
28         Transit                                             2.5
29           Autos and trucks                                  1.2
30         Other                                               1.3
31       Defense and space equipment                           3.3
32       Oil and gas well drilling                              .6
33       Manufactured homes                                     .2

34     Intermediate products, total                           14.2
35       Construction supplies                                 5.3
36       Business supplies                                     8.9

37   Materials                                                39.5
38     Durable goods materials                                20.8
39       Durable consumer parts                                4.0
40       Equipment parts                                       7.6
41       Other                                                 9.2
42         Basic metal materials                               3.1
43     Nondurable goods materials                              8.9
44       Textile materials                                     1.1
45       Paper materials                                       1.8
46       Chemical materials                                    3.9
47       Other                                                 2.1
48     Energy materials                                        9.7
49       Primary energy                                        6.3
50       Converted fuel materials                              3.3

              SPECIAL AGGREGATES

51   Total excluding autos and trucks                         97.1
52   Total excluding motor vehicles and parts                 95.1
53   Total excluding computer and office
         equipment                                            98.2
54   Consumer goods excluding autos and trucks                27.4
55   Consumer goods excluding energy                          26.2
56   Business equipment excluding autos and
         trucks                                               12.0
57   Business equipment excluding computer and
         office equipment                                     12.1
58   Materials excluding energy                               29.8
59   Total index                                   ...       100.0
60   Manufacturing                                 ...        85.4
61     Primary processing                          ...        26.5
62     Advanced processing                         ...        58.9

63     Durable goods                               ...        45.0
64       Lumber and products                          24       2.0
65       Furniture and fixtures                       25       1.4
66       Stone, clay, and glass
             products                                 32       2.1
67       Primary metals                               33       3.1
68         Iron and steel                         331,2        1.7
69           Raw steel                            331PT         .1
70         Nonferrous                            333-6,9       1.4
71       Fabricated metal products                    34       5.0
72       Industrial machinery and
             equipment                                35       8.0
73       Computer and office
             equipment                               357       1.8
74       Electrical machinery                         36       7.3
75       Transportation equipment                     37       9.5
76         Motor vehicles and parts                  371       4.9
77           Autos and light trucks                371PT       2.6
78         Aerospace and
               miscellaneous
               transportation
               equipment                         372-6,9       4.6
79       Instruments                                  38       5.4
80       Miscellaneous                                39       1.3

81     Nondurable goods                            ...        40.4
82       Foods                                        20       9.4
83       Tobacco products                             21       1.6
84       Textile mill products                        22       1.8
85       Apparel products                             23       2.2
86       Paper and products                           26       3.6
87       Printing and publishing                      27       6.7
88       Chemicals and products                       28       9.9
89       Petroleum products                           29       1.4
90       Rubber and plastic products                  30       3.5
91       Leather and products                         31        .3

92   Mining                                        ...         6.9
93     Metal                                          10        .5
94     Coal                                           12       1.0
95     Oil and gas extraction                         13       4.8
96     Stone and earth minerals                       14        .6

97   Utilities                                      ...        7.7
98     Electric                                  491,3PT       6.2
99     Gas                                       492,3PT       1.6

              SPECIAL AGGREGATES

100   Manufacturing excluding motor
            vehicles and parts                      ...       80.5
101   Manufacturing excluding
            computer and office
            equipment                               ...       83.6
102   Computers, communications
            equipment, and
            semiconductors                          ...        5.9
103   Manufacturing excluding
            computers and
            semiconductors                          ...       81.1
104   Manufacturing excluding
            computers, communications
            equipment, and
            semiconductors                          ...       79.5

                                                     Gross value
                                                  (billions of 1992
                                                    dollars, annual
                                                        rates)

                Major Markets

105   Products, total                               ...    2,001.9
106   Final                                         ...    1,552.1
107     Consumer goods                              ...    1,049.6
108     Equipment                                   ...     502.5

109   Intermediate                                  ...     449.9

                                                            2000
                                                  2000
                    Group                         avg.
                                                            Mar.

                                                   Index (1992=100)

                MAJOR MARKETS

 1   Total index                                   147.5     145.2

 2   Products                                      136.2     134.4
 3     Final products                              138.8     136.0
 4       Consumer goods, total                     123.0     122.2
 5         Durable consumer goods                  160.8     162.1
 6           Automotive products                   153.2     155.3
 7             Autos and trucks                    166.9     170.3
 8               Autos, consumer                   114.0     115.1
 9               Trucks, consumer                  221.6     227.3
10             Auto parts and allied goods         131.7     131.9
11           Other                                 167.1     167.7
12             Appliances, televisions, and
                   air conditioners                332.6     332.3
13             Carpeting and furniture             129.7     128.3
14             Miscellaneous home goods            120.4     122.1
15         Nondurable consumer goods               114.2     112.9
16           Foods and tobacco                     110.7     110.8
17           Clothing                               85.0      87.2
18           Chemical products                     137.0     134.9
19           Paper products                        111.1     108.3
20           Energy                                116.3     110.7
21             Fuels                               113.0     114.9
22            Residential utilities                117.9     107.4

23     Equipment                                   166.1     161.3
24       Business equipment                        194.2     188.9
25         Information processing and related      312.2     293.5
26           Computer and office equipment       1,157.6   1,044.0
27         Industrial                              144.6     142.2
28         Transit                                 127.7     131.5
29           Autos and trucks                      145.6     154.0
30         Other                                   145.7     142.9
31       Defense and space equipment                76.2      76.0
32       Oil and gas well drilling                 131.8     126.7
33       Manufactured homes                        116.2     131.7

34     Intermediate products, total                128.7     129.5
35       Construction supplies                     143.2     144.6
36       Business supplies                         120.1     120.6

37   Materials                                     167.8     164.7
38     Durable goods materials                     227.6     220.0
39       Durable consumer parts                    165.3     164.9
40       Equipment parts                           478.3     434.2
41       Other                                     134.6     135.9
42         Basic metal materials                   128.7     131.1
43     Nondurable goods materials                  113.8     115.6
44       Textile materials                          97.9     102.2
45       Paper materials                           115.8     118.1
46       Chemical materials                        117.0     118.6
47       Other                                     113.0     113.5
48     Energy materials                            103.4     102.5
49       Primary energy                             98.1      97.7
50       Converted fuel materials                  114.3     112.3

              SPECIAL AGGREGATES

51   Total excluding autos and trucks              147.2     144.8
52   Total excluding motor vehicles and parts      146.3     143.9
53   Total excluding computer and office
         equipment                                 140.4     138.6
54   Consumer goods excluding autos and trucks     120.6     119.6
55   Consumer goods excluding energy               123.9     123.6
56   Business equipment excluding autos and
         trucks                                    200.1     193.1
57   Business equipment excluding computer and
         office equipment                          158.4     155.7
58   Materials excluding energy                    188.5     184.6
59   Total index                                   147.5     145.2
60   Manufacturing                                 153.6     151.3
61     Primary processing                          178.0     175.5
62     Advanced processing                         139.3     137.9

63     Durable goods                               193.4     188.9
64       Lumber and products                       118.3     121.9
65       Furniture and fixtures                    142.9     139.3
66       Stone, clay, and glass
             products                              134.7     134.4
67       Primary metals                            133.7     137.1
68         Iron and steel                          131.1     136.9
69           Raw steel                             120.9     125.8
70         Nonferrous                              136.8     137.6
71       Fabricated metal products                 135.6     135.6
72       Industrial machinery and
             equipment                             252.8     245.8
73       Computer and office
             equipment                           1,343.6   1,224.7
74       Electrical machinery                      549.7     495.2
75       Transportation equipment                  131.0     131.9
76         Motor vehicles and parts                170.5     172.5
77           Autos and light trucks                153.0     156.0
78         Aerospace and
               miscellaneous
               transportation
               equipment                            93.8      93.7
79       Instruments                               122.2     120.2
80       Miscellaneous                             130.8     130.6

81     Nondurable goods                            116.9     116.6
82       Foods                                     114.7     114.9
83       Tobacco products                           95.3      94.3
84       Textile mill products                     100.1     104.4
85       Apparel products                           91.7      94.1
86       Paper and products                        116.1     117.8
87       Printing and publishing                   109.9     109.7
88       Chemicals and products                    128.3     124.9
89       Petroleum products                        117.1     118.9
90       Rubber and plastic products               142.3     143.0
91       Leather and products                       69.8      70.6

92   Mining                                        100.0     100.4
93     Metal                                        97.4      99.7
94     Coal                                        108.9     110.1
95     Oil and gas extraction                       95.0      94.6
96     Stone and earth minerals                    126.4     133.4

97   Utilities                                     120.4     114.7
98     Electric                                    123.9     119.7
99     Gas                                         109.3      98.3

              SPECIAL AGGREGATES

100   Manufacturing excluding motor
            vehicles and parts                     152.6     150.1
101   Manufacturing excluding
            computer and office
            equipment                              145.4     143.6
102   Computers, communications
            equipment, and
            semiconductors                       1,195.2   1,048.5
103   Manufacturing excluding
            computers and
            semiconductors                         128.3     127.8
104   Manufacturing excluding
            computers, communications
            equipment, and
            semiconductors                         125.1     124.9

                                                     Gross value
                                                  (billions of 1992
                                                    dollars, annual
                                                        rates)

                Major Markets

105   Products, total                            2,860.5   2,853.1
106   Final                                      2,203.4   2,186.3
107     Consumer goods                           1,340.0   1,338.5
108     Equipment                                  865.7     854.0

109   Intermediate                                 656.7     665.6

                                                         2000
                    Group
                                                  Apr.       May

                                                   Index (1992=100)

                MAJOR MARKETS

 1   Total index                                   146.3     147.2

 2   Products                                      135.3     135.5
 3     Final products                              137.2     137.5
 4       Consumer goods, total                     123.2     123.5
 5         Durable consumer goods                  164.7     163.8
 6           Automotive products                   157.6     157.9
 7             Autos and trucks                    173.7     175.7
 8               Autos, consumer                   118.5     119.7
 9               Trucks, consumer                  230.7     233.7
10             Auto parts and allied goods         132.7     130.6
11           Other                                 170.6     168.5
12             Appliances, televisions, and
                   air conditioners                341.1     334.6
13             Carpeting and furniture             131.8     130.8
14             Miscellaneous home goods            122.7     121.6
15         Nondurable consumer goods               113.6     114.1
16           Foods and tobacco                     110.9     110.3
17           Clothing                               87.5      86.8
18           Chemical products                     136.5     138.5
19           Paper products                        108.2     109.0
20           Energy                                113.6     116.0
21             Fuels                               112.1     113.1
22            Residential utilities                113.8     117.1

23     Equipment                                   162.8     163.1
24       Business equipment                        191.1     191.6
25         Information processing and related      298.8     302.5
26           Computer and office equipment       1,062.0   1,087.8
27         Industrial                              142.9     143.4
28         Transit                                 131.3     129.0
29           Autos and trucks                      156.5     153.9
30         Other                                   146.7     145.8
31       Defense and space equipment                75.5      75.5
32       Oil and gas well drilling                 126.7     130.3
33       Manufactured homes                        127.2     122.9

34     Intermediate products, total                129.3     129.4
35       Construction supplies                     144.4     143.1
36       Business supplies                         120.4     121.3

37   Materials                                     166.1     168.4
38     Durable goods materials                     222.7     227.6
39       Durable consumer parts                    162.2     169.9
40       Equipment parts                           451.9     466.8
41       Other                                     135.7     135.9
42         Basic metal materials                   131.9     130.8
43     Nondurable goods materials                  115.2     115.7
44       Textile materials                         101.1     100.9
45       Paper materials                           118.7     117.5
46       Chemical materials                        118.1     119.8
47       Other                                     112.6     112.4
48     Energy materials                            103.5     103.3
49       Primary energy                             98.8      98.3
50       Converted fuel materials                  113.0     113.7

              SPECIAL AGGREGATES

51   Total excluding autos and trucks              145.7     146.7
52   Total excluding motor vehicles and parts      144.9     145.8
53   Total excluding computer and office
         equipment                                 139.6     140.4
54   Consumer goods excluding autos and trucks     120.5     120.7
55   Consumer goods excluding energy               124.4     124.4
56   Business equipment excluding autos and
         trucks                                    195.2     196.1
57   Business equipment excluding computer and
         office equipment                          157.4     157.3
58   Materials excluding energy                    186.0     189.3
59   Total index                                   146.3     147.2
60   Manufacturing                                 152.2     153.1
61     Primary processing                          177.1     178.7
62     Advanced processing                         138.5     139.1

63     Durable goods                               191.0     193.0
64       Lumber and products                       121.6     120.5
65       Furniture and fixtures                    140.7     143.0
66       Stone, clay, and glass
             products                              132.9     134.2
67       Primary metals                            137.8     136.7
68         Iron and steel                          136.8     135.9
69           Raw steel                             127.3     127.1
70         Nonferrous                              139.1     137.9
71       Fabricated metal products                 135.9     136.2
72       Industrial machinery and
             equipment                             247.2     249.9
73       Computer and office
             equipment                           1,245.1   1,272.3
74       Electrical machinery                      516.5     533.8
75       Transportation equipment                  132.1     133.6
76         Motor vehicles and parts                174.1     177.6
77           Autos and light trucks                159.2     161.1
78         Aerospace and
               miscellaneous
               transportation
               equipment                            92.7      92.3
79       Instruments                               121.5     121.3
80       Miscellaneous                             130.9     130.7

81     Nondurable goods                            116.7     116.7
82       Foods                                     114.7     114.2
83       Tobacco products                           95.6      95.3
84       Textile mill products                     104.4     102.6
85       Apparel products                           94.6      93.0
86       Paper and products                        118.4     116.5
87       Printing and publishing                  109.1      109.9
88       Chemicals and products                    125.2     126.3
89       Petroleum products                        117.2     118.9
90       Rubber and plastic products               143.5     142.6
91       Leather and products                       70.0      70.5

92   Mining                                         99.9      99.6
93     Metal                                        98.8      95.7
94     Coal                                        112.6     112.2
95     Oil and gas extraction                       94.0      94.3
96     Stone and earth minerals                    130.4     123.9

97   Utilities                                     118.7     121.6
98     Electric                                    122.8     125.2
99     Gas                                         104.4     108.7

              SPECIAL AGGREGATES

100   Manufacturing excluding motor
            vehicles and parts                     151.0     151.7
101   Manufacturing excluding
            computer and office
            equipment                              144.4     145.2
102   Computers, communications
            equipment, and
            semiconductors                       1,097.8   1,140.2
103   Manufacturing excluding
            computers and
            semiconductors                         128.0     128.4
104   Manufacturing excluding
            computers, communications
            equipment, and
            semiconductors                         125.1     125.4

                                                     Gross value
                                                  (billions of 1992
                                                    dollars, annual
                                                        rates)

                Major Markets

105   Products, total                            2,868.9   2,872.7
106   Final                                      2,202.8   2,205.6
107     Consumer goods                           1,347.2   1,349.8
108     Equipment                                  862.2     862.2

109   Intermediate                                 665.0     666.0

                                                         2000
                    Group
                                                  June      July

                                                   Index (1992=100)

                MAJOR MARKETS

 1   Total index                                   147.9     147.6

 2   Products                                      136.0     135.8
 3     Final products                              138.3     138.1
 4       Consumer goods, total                     124.2     122.9
 5         Durable consumer goods                  164.4     158.7
 6           Automotive products                   157.8     149.4
 7             Autos and trucks                    174.8     160.5
 8               Autos, consumer                   118.1     113.6
 9               Trucks, consumer                  233.2     209.8
10             Auto parts and allied goods         131.6     131.6
11           Other                                 169.8     166.7
12             Appliances, televisions, and
                   air conditioners                348.2     322.3
13             Carpeting and furniture             130.1     131.5
14             Miscellaneous home goods            120.5     121.3
15         Nondurable consumer goods               114.8     114.5
16           Foods and tobacco                     110.8     111.0
17           Clothing                               85.1      85.6
18           Chemical products                     139.3     137.4
19           Paper products                        111.6     112.4
20           Energy                                117.0     114.9
21             Fuels                               113.4     112.6
22            Residential utilities                118.5     115.6

23     Equipment                                   164.3     166.3
24       Business equipment                        192.8     195.0
25         Information processing and related      307.0     313.9
26           Computer and office equipment       1,130.8   1,182.8
27         Industrial                              143.8     144.4
28         Transit                                 130.1     127.6
29           Autos and trucks                      152.9     141.5
30         Other                                   142.8     148.1
31       Defense and space equipment                76.3      77.9
32       Oil and gas well drilling                 130.8     136.2
33       Manufactured homes                        121.9     116.8

34     Intermediate products, total                129.0     128.7
35       Construction supplies                     143.4     143.8
36       Business supplies                         120.5     119.8

37   Materials                                     169.4     169.0
38     Durable goods materials                     230.3     230.5
39       Durable consumer parts                    165.7     158.3
40       Equipment parts                           486.2     499.9
41       Other                                     135.9     135.3
42         Basic metal materials                   130.7     128.5
43     Nondurable goods materials                  115.2     113.9
44       Textile materials                         101.7      97.9
45       Paper materials                           118.1     114.9
46       Chemical materials                        118.4     117.0
47       Other                                     112.3     113.7
48     Energy materials                            103.1     102.9
49       Primary energy                             98.4      98.7
50       Converted fuel materials                  112.4     110.8

              SPECIAL AGGREGATES

51   Total excluding autos and trucks              147.5     147.5
52   Total excluding motor vehicles and parts      146.5     146.9
53   Total excluding computer and office
         equipment                                 141.0     140.5
54   Consumer goods excluding autos and trucks     121.5     120.9
55   Consumer goods excluding energy               125.0     123.9
56   Business equipment excluding autos and
         trucks                                    197.6     201.5
57   Business equipment excluding computer and
         office equipment                          157.6     158.6
58   Materials excluding energy                    190.7     190.3
59   Total index                                   147.9     147.6
60   Manufacturing                                 153.8     153.7
61     Primary processing                          180.1     179.4
62     Advanced processing                         139.4     139.5

63     Durable goods                               194.6     194.7
64       Lumber and products                       118.7     118.6
65       Furniture and fixtures                    141.9     142.6
66       Stone, clay, and glass
             products                              134.6     136.3
67       Primary metals                            136.4     133.9
68         Iron and steel                          135.5     129.9
69           Raw steel                             128.2     126.4
70         Nonferrous                              137.6     138.8
71       Fabricated metal products                 135.7     136.1
72       Industrial machinery and
             equipment                             250.9     253.9
73       Computer and office
             equipment                           1,316.2   1,370.4
74       Electrical machinery                      555.0     571.2
75       Transportation equipment                  133.5     128.0
76         Motor vehicles and parts                176.1     163.1
77           Autos and light trucks                160.1     147.8
78         Aerospace and
               miscellaneous
               transportation
               equipment                            93.6      94.9
79       Instruments                               122.2     122.6
80       Miscellaneous                             130.5     132.1

81     Nondurable goods                            116.7     116.3
82       Foods                                     114.9     115.0
83       Tobacco products                           93.8      95.8
84       Textile mill products                     103.1     101.4
85       Apparel products                           91.2      92.0
86       Paper and products                        118.8     114.9
87       Printing and publishing                   109.1     110.0
88       Chemicals and products                    125.9     124.8
89       Petroleum products                        118.8     117.0
90       Rubber and plastic products               143.5     144.4
91       Leather and products                       69.3      70.0

92   Mining                                        100.4     100.5
93     Metal                                        97.5      92.9
94     Coal                                        113.6     110.3
95     Oil and gas extraction                       94.8      95.7
96     Stone and earth minerals                    127.7     124.4

97   Utilities                                     121.7     119.1
98     Electric                                    124.8     121.1
99     Gas                                         110.5     111.0

              SPECIAL AGGREGATES

100   Manufacturing excluding motor
            vehicles and parts                     152.6     153.2
101   Manufacturing excluding
            computer and office
            equipment                              145.8     145.4
102   Computers, communications
            equipment, and
            semiconductors                       1,193.1   1,248.0
103   Manufacturing excluding
            computers and
            semiconductors                         128.4     127.7
104   Manufacturing excluding
            computers, communications
            equipment, and
            semiconductors                         125.3     124.5

                                                     Gross value
                                                  (billions of 1992
                                                    dollars, annual
                                                        rates)

                Major Markets

105   Products, total                            2,883.5   2,865.7
106   Final                                      2,218.6   2,202.8
107     Consumer goods                           1,357.8   1,338.7
108     Equipment                                  867.3     872.8

109   Intermediate                                 663.9     661.8

                                                         2000
                    Group
                                                  Aug.      Sept.

                                                   Index (1992=100)

                MAJOR MARKETS

 1   Total index                                   148.6     149.0

 2   Products                                      136.6     136.7
 3     Final products                              139.2     139.3
 4       Consumer goods, total                     123.8     123.8
 5         Durable consumer goods                  160.0     162.8
 6           Automotive products                   153.8     156.7
 7             Autos and trucks                    169.8     172.7
 8               Autos, consumer                   120.3     120.5
 9               Trucks, consumer                  221.8     227.1
10             Auto parts and allied goods         129.1     132.1
11           Other                                 165.2     167.7
12             Appliances, televisions, and
                   air conditioners                325.0     340.5
13             Carpeting and furniture             128.6     131.9
14             Miscellaneous home goods            119.7     118.1
15         Nondurable consumer goods               115.2     114.7
16           Foods and tobacco                     111.4     110.5
17           Clothing                               84.2      83.1
18           Chemical products                     139.4     138.4
19           Paper products                        112.4     112.4
20           Energy                                117.1     118.4
21             Fuels                               113.1     115.8
22            Residential utilities                119.0     119.1

23     Equipment                                   167.9     168.3
24       Business equipment                        197.8     199.5
25         Information processing and related      322.1     327.2
26           Computer and office equipment       1,229.0   1,264.1
27         Industrial                              147.7     146.5
28         Transit                                 126.8     127.7
29           Autos and trucks                      142.8     144.2
30         Other                                   144.8     149.3
31       Defense and space equipment                76.1      73.7
32       Oil and gas well drilling                 137.1     132.8
33       Manufactured homes                        115.5     109.3

34     Intermediate products, total                128.8     128.6
35       Construction supplies                     142.7     143.1
36       Business supplies                         120.6     120.0

37   Materials                                     170.5     171.3
38     Durable goods materials                     233.8     235.7
39       Durable consumer parts                    168.3     169.0
40       Equipment parts                           505.7     512.1
41       Other                                     134.7     135.5
42         Basic metal materials                   127.5     129.2
43     Nondurable goods materials                  112.8     112.7
44       Textile materials                          99.3      95.9
45       Paper materials                           112.8     113.8
46       Chemical materials                        116.8     116.3
47       Other                                     110.2     112.0
48     Energy materials                            104.2     104.3
49       Primary energy                             98.9      98.5
50       Converted fuel materials                  115.1     116.6

              SPECIAL AGGREGATES

51   Total excluding autos and trucks              148.4     148.7
52   Total excluding motor vehicles and parts      147.4     147.7
53   Total excluding computer and office
         equipment                                 141.4     141.6
54   Consumer goods excluding autos and trucks     121.3     121.2
55   Consumer goods excluding energy               124.5     124.4
56   Business equipment excluding autos and
         trucks                                    204.5     206.3
57   Business equipment excluding computer and
         office equipment                          160.3     161.2
58   Materials excluding energy                    191.8     193.0
59   Total index                                   148.6     149.0
60   Manufacturing                                 154.6     155.1
61     Primary processing                          180.3     181.2
62     Advanced processing                         140.5     140.8

63     Durable goods                               196.9     198.4
64       Lumber and products                       115.5     116.8
65       Furniture and fixtures                    143.8     146.6
66       Stone, clay, and glass
             products                              136.1     136.5
67       Primary metals                            132.4     133.9
68         Iron and steel                          129.7     131.9
69           Raw steel                             123.9     117.7
70         Nonferrous                              135.7     136.5
71       Fabricated metal products                 136.3     136.0
72       Industrial machinery and
             equipment                             257.9     260.0
73       Computer and office
             equipment                           1,421.6   1,464.2
74       Electrical machinery                      580.0     592.2
75       Transportation equipment                  132.4     132.4
76         Motor vehicles and parts                173.9     175.5
77           Autos and light trucks                156.4     158.8
78         Aerospace and
               miscellaneous
               transportation
               equipment                            93.5      92.1
79       Instruments                               123.3     123.7
80       Miscellaneous                             130.8     130.9

81     Nondurable goods                            116.3     116.0
82       Foods                                     115.1     114.6
83       Tobacco products                           96.6      94.5
84       Textile mill products                      99.4      98.4
85       Apparel products                           90.7      89.5
86       Paper and products                        113.3     113.7
87       Printing and publishing                   110.4     110.9
88       Chemicals and products                    125.9     125.4
89       Petroleum products                        117.6     117.4
90       Rubber and plastic products               142.1     141.9
91       Leather and products                       68.8      69.8

92   Mining                                        101.0     100.4
93     Metal                                        95.8      99.3
94     Coal                                        109.3     107.0
95     Oil and gas extraction                       96.3      95.7
96     Stone and earth minerals                    125.0     123.7

97   Utilities                                     122.1     121.7
98     Electric                                    126.1     124.7
99     Gas                                         108.4     110.5

              SPECIAL AGGREGATES

100   Manufacturing excluding motor
            vehicles and parts                     153.5     153.9
101   Manufacturing excluding
            computer and office
            equipment                              146.2     146.5
102   Computers, communications
            equipment, and
            semiconductors                       1,281.6   1,310.3
103   Manufacturing excluding
            computers and
            semiconductors                         128.2     128.4
104   Manufacturing excluding
            computers, communications
            equipment, and
            semiconductors                         124.9     125.0

                                                     Gross value
                                                  (billions of 1992
                                                    dollars, annual
                                                        rates)

                Major Markets

105   Products, total                            2,882.9   2,889.1
106   Final                                      2,220.5   2,228.1
107     Consumer goods                           1,348.7   1,353.7
108     Equipment                                  880.8     883.3

109   Intermediate                                 661.5     660.2

                                                         2000
                    Group
                                                  Oct.      Nov.

                                                   Index (1992=100)

                MAJOR MARKETS

 1   Total index                                   148.7     148.2

 2   Products                                      136.3     136.3
 3     Final products                              138.8     138.8
 4       Consumer goods, total                     122.7     122.4
 5         Durable consumer goods                  157.3     154.3
 6           Automotive products                   148.0     143.6
 7             Autos and trucks                    159.1     153.0
 8               Autos, consumer                   107.8     103.0
 9               Trucks, consumer                  212.0    2114.3
10             Auto parts and allied goods         130.2     128.2
11           Other                                 165.4     163.7
12             Appliances, televisions, and
                   air conditioners                332.5     332.7
13             Carpeting and furniture             129.8     125.4
14             Miscellaneous home goods            117.5     117.1
15         Nondurable consumer goods               114.5     114.6
16           Foods and tobacco                     110.4     110.7
17           Clothing                               82.7      83.2
18           Chemical products                     139.0     138.5
19           Paper products                        113.8     112.5
20           Energy                                115.5     117.3
21             Fuels                               113.0     115.5
22            Residential utilities                116.2     117.6

23     Equipment                                   169.1     169.9
24       Business equipment                        200.0     200.6
25         Information processing and related      332.3     336.7
26           Computer and office equipment       1,286.4   1,305.0
27         Industrial                              146.9     147.4
28         Transit                                 121.6     121.8
29           Autos and trucks                      131.4     130.4
30         Other                                   154.2     148.6
31       Defense and space equipment                75.3      77.0
32       Oil and gas well drilling                 136.5     138.9
33       Manufactured homes                         98.8      90.9

34     Intermediate products, total                128.7     128.5
35       Construction supplies                     142.3     141.6
36       Business supplies                         120.7     120.7

37   Materials                                     171.1     169.9
38     Durable goods materials                     235.0     232.9
39       Durable consumer parts                    168.5     161.8
40       Equipment parts                           515.9     521.4
41       Other                                     133.7     131.8
42         Basic metal materials                   125.9     124.4
43     Nondurable goods materials                  113.4     110.7
44       Textile materials                          94.0      89.5
45       Paper materials                           117.2     113.4
46       Chemical materials                        115.9     113.7
47       Other                                     114.0     111.9
48     Energy materials                            103.9     105.4
49       Primary energy                             97.8      99.3
50       Converted fuel materials                  117.2     118.7

              SPECIAL AGGREGATES

51   Total excluding autos and trucks              148.8     148.4
52   Total excluding motor vehicles and parts      147.8     147.7
53   Total excluding computer and office
         equipment                                 141.2     140.8
54   Consumer goods excluding autos and trucks     120.7     120.6
55   Consumer goods excluding energy               123.6     122.9
56   Business equipment excluding autos and
         trucks                                    208.5     209.4
57   Business equipment excluding computer and
         office equipment                          161.2     161.5
58   Materials excluding energy                    192.8     190.4
59   Total index                                   148.7     148.2
60   Manufacturing                                 154.9     154.1
61     Primary processing                          181.1     178.8
62     Advanced processing                         140.5     140.5

63     Durable goods                               197.6     196.7
64       Lumber and products                       114.8     113.2
65       Furniture and fixtures                    147.2     145.0
66       Stone, clay, and glass
             products                              137.3     134.6
67       Primary metals                            129.0     127.3
68         Iron and steel                          123.7     122.0
69           Raw steel                             115.6     106.3
70         Nonferrous                              135.3     133.6
71       Fabricated metal products                 136.0     134.7
72       Industrial machinery and
             equipment                             261.5     261.9
73       Computer and office
             equipment                           1,487.4   1,502.8
74       Electrical machinery                      597.4     604.4
75       Transportation equipment                  129.2     126.8
76         Motor vehicles and parts                167.2     160.1
77           Autos and light trucks                145.8     140.1
78         Aerospace and
               miscellaneous
               transportation
               equipment                            93.6      95.4
79       Instruments                               123.5     124.6
80       Miscellaneous                             131.1     130.2

81     Nondurable goods                            116.3     115.5
82       Foods                                     114.8     115.0
83       Tobacco products                           93.7      93.1
84       Textile mill products                      96.7      92.8
85       Apparel products                           89.2      89.2
86       Paper and products                        117.1     114.7
87       Printing and publishing                   111.6     111.2
88       Chemicals and products                    125.8     124.8
89       Petroleum products                        116.5     116.9
90       Rubber and plastic products               141.3     139.1
91       Leather and products                       68.6      68.9

92   Mining                                        100.1     101.1
93     Metal                                        96.3      93.7
94     Coal                                        110.2     108.6
95     Oil and gas extraction                       95.1      96.6
96     Stone and earth minerals                    124.6     123.2

97   Utilities                                     120.0     121.9
98     Electric                                    124.2     127.3
99     Gas                                         105.8     104.5

              SPECIAL AGGREGATES

100   Manufacturing excluding motor
            vehicles and parts                     154.3     153.8
101   Manufacturing excluding
            computer and office
            equipment                              146.2     145.4
102   Computers, communications
            equipment, and
            semiconductors                       1,334.8   1,358.1
103   Manufacturing excluding
            computers and
            semiconductors                         128.0     127.1
104   Manufacturing excluding
            computers, communications
            equipment, and
            semiconductors                         124.6     123.6

                                                     Gross value
                                                  (billions of 1992
                                                    dollars, annual
                                                        rates)

                Major Markets

105   Products, total                            2,867.4   2,863.2
106   Final                                      2,205.4   2,203.7
107     Consumer goods                           1,334.7   1,331.2
108     Equipment                                  880.9     883.3

109   Intermediate                                 661.0     658.6

                                                  2000      2001
                    Group
                                                 Dec.(r)   Jan.(r)

                                                   Index (1992=100)

                MAJOR MARKETS

 1   Total index                                   147.3     146.4

 2   Products                                      136.0     135.5
 3     Final products                              139.0     138.2
 4       Consumer goods, total                     123.1     122.1
 5         Durable consumer goods                  153.4     149.0
 6           Automotive products                   140.7     133.8
 7             Autos and trucks                    144.1     136.2
 8               Autos, consumer                    94.3      99.4
 9               Trucks, consumer                  194.7     175.5
10             Auto parts and allied goods         133.8     128.4
11           Other                                 164.7     162.9
12             Appliances, televisions, and
                   air conditioners                341.7     333.3
13             Carpeting and furniture             127.4     123.9
14             Miscellaneous home goods            115.5     116.5
15         Nondurable consumer goods               115.7     115.3
16           Foods and tobacco                     110.1     110.4
17           Clothing                               82.4      82.8
18           Chemical products                     139.0     140.1
19           Paper products                        112.2     113.7
20           Energy                                126.1     119.7
21             Fuels                               112.3     112.1
22            Residential utilities                134.5     124.0

23     Equipment                                   168.9     168.6
24       Business equipment                        199.2     198.2
25         Information processing and related      335.9     340.4
26           Computer and office equipment       1,318.3   1,333.3
27         Industrial                              145.8     145.9
28         Transit                                 117.4     111.3
29           Autos and trucks                      122.0     115.6
30         Other                                   153.5     150.2
31       Defense and space equipment                77.5      78.5
32       Oil and gas well drilling                 139.1     146.7
33       Manufactured homes                         83.5      73.5

34     Intermediate products, total                126.8     127.3
35       Construction supplies                     140.6     140.3
36       Business supplies                         118.5     119.6

37   Materials                                     167.8     166.2
38     Durable goods materials                     230.3     227.0
39       Durable consumer parts                    157.6     146.2
40       Equipment parts                           522.3     520.0
41       Other                                     129.6     130.0
42         Basic metal materials                   123.6     120.6
43     Nondurable goods materials                  108.6     108.3
44       Textile materials                          90.3      90.1
45       Paper materials                           109.4     110.0
46       Chemical materials                        109.8     110.5
47       Other                                     113.9     110.9
48     Energy materials                            104.5     104.0
49       Primary energy                             98.6      99.9
50       Converted fuel materials                  117.3     111.5

              SPECIAL AGGREGATES

51   Total excluding autos and trucks              147.8     147.1
52   Total excluding motor vehicles and parts      147.2     146.9
53   Total excluding computer and office
         equipment                                 139.9     139.0
54   Consumer goods excluding autos and trucks     121.9     121.2
55   Consumer goods excluding energy               122.5     122.2
56   Business equipment excluding autos and
         trucks                                    208.9     208.7
57   Business equipment excluding computer and
         office equipment                          159.9     158.8
58   Materials excluding energy                    187.8     185.7
59   Total index                                   147.3     146.4
60   Manufacturing                                 152.6     151.8
61     Primary processing                          176.1     173.7
62     Advanced processing                         139.6     139.6

63     Durable goods                               195.1     192.7
64       Lumber and products                       111.5     107.7
65       Furniture and fixtures                    145.3     144.9
66       Stone, clay, and glass
             products                              132.4     135.2
67       Primary metals                            126.3     123.5
68         Iron and steel                          118.7     116.0
69           Raw steel                             104.6     108.3
70         Nonferrous                              135.2     132.3
71       Fabricated metal products                 132.9     133.6
72       Industrial machinery and
             equipment                             262.3     260.1
73       Computer and office
             equipment                           1,508.3   1,522.7
74       Electrical machinery                      610.2     607.4
75       Transportation equipment                  122.8     115.9
76         Motor vehicles and parts                151.8     138.5
77           Autos and light trucks                131.5     125.9
78         Aerospace and
               miscellaneous
               transportation
               equipment                            95.3      94.1
79       Instruments                               123.1     124.9
80       Miscellaneous                             129.4     130.4

81     Nondurable goods                            114.1     114.6
82       Foods                                     114.2     114.3
83       Tobacco products                           94.2      95.2
84       Textile mill products                      94.5      92.4
85       Apparel products                           88.2      89.1
86       Paper and products                        112.7     111.4
87       Printing and publishing                   109.2     111.1
88       Chemicals and products                    122.9     123.3
89       Petroleum products                        114.7     114.8
90       Rubber and plastic products               137.3     138.5
91       Leather and products                       66.9      67.1

92   Mining                                         99.6     100.7
93     Metal                                        99.5      93.8
94     Coal                                        106.1     115.2
95     Oil and gas extraction                       95.2      95.7
96     Stone and earth minerals                    119.3     121.5

97   Utilities                                     129.1     124.4
98     Electric                                    131.2     126.7
99     Gas                                         120.2     115.0

              SPECIAL AGGREGATES

100   Manufacturing excluding motor
            vehicles and parts                     152.7     152.8
101   Manufacturing excluding
            computer and office
            equipment                              143.9     143.1
102   Computers, communications
            equipment, and
            semiconductors                       1,368.9   1,365.0
103   Manufacturing excluding
            computers and
            semiconductors                         125.6     125.0
104   Manufacturing excluding
            computers, communications
            equipment, and
            semiconductors                         122.1     121.4

                                                     Gross value
                                                  (billions of 1992
                                                    dollars, annual
                                                        rates)

                Major Markets

105   Products, total                            2,850.2   2,825.2
106   Final                                      2,198.2   2,172.8
107     Consumer goods                           1,332.8   1,314.9
108     Equipment                                  874.9     867.9

109   Intermediate                                 651.2     651.4

                                                      2001
                    Group
                                                  Feb.     Mar.(p)

                                                   Index (1992=100)

                MAJOR MARKETS

 1   Total index                                   145.9     146.5

 2   Products                                      134.9     135.4
 3     Final products                              137.7     138.4
 4       Consumer goods, total                     122.0     122.3
 5         Durable consumer goods                  150.7     154.4
 6           Automotive products                   137.0     144.8
 7             Autos and trucks                    141.2     154.9
 8               Autos, consumer                    98.7     104.3
 9               Trucks, consumer                  185.6     206.9
10             Auto parts and allied goods         129.0     128.5
11           Other                                 163.1     162.7
12             Appliances, televisions, and
                   air conditioners                331.8     338.0
13             Carpeting and furniture             128.1     125.1
14             Miscellaneous home goods            114.8     114.3
15         Nondurable consumer goods               114.9     114.5
16           Foods and tobacco                     110.9     110.2
17           Clothing                               80.3      79.7
18           Chemical products                     140.4     141.0
19           Paper products                        111.5     110.2
20           Energy                                118.3     118.9
21             Fuels                               112.9     112.4
22            Residential utilities                121.0     122.4

23     Equipment                                   167.1     168.8
24       Business equipment                        196.2     197.9
25         Information processing and related      338.6     340.9
26           Computer and office equipment       1,343.8   1,354.8
27         Industrial                              141.8     141.1
28         Transit                                 109.7     114.6
29           Autos and trucks                      112.7     122.8
30         Other                                   154.0     154.3
31       Defense and space equipment                78.1      79.4
32       Oil and gas well drilling                 147.9     150.7
33       Manufactured homes                         74.8      75.0

34     Intermediate products, total                126.5     126.2
35       Construction supplies                     139.5     139.1
36       Business supplies                         118.7     118.5

37   Materials                                     165.8     166.5
38     Durable goods materials                     226.3     227.5
39       Durable consumer parts                    149.3     153.2
40       Equipment parts                           520.2     522.7
41       Other                                     127.8     127.3
42         Basic metal materials                   119.0     119.0
43     Nondurable goods materials                  108.1     107.9
44       Textile materials                          87.9      87.4
45       Paper materials                           111.4     110.7
46       Chemical materials                        110.1     110.0
47       Other                                     110.7     110.7
48     Energy materials                            104.1     104.9
49       Primary energy                             99.9     100.9
50       Converted fuel materials                  111.6     112.0

              SPECIAL AGGREGATES

51   Total excluding autos and trucks              146.5     146.7
52   Total excluding motor vehicles and parts      146.1     146.2
53   Total excluding computer and office
         equipment                                 138.4     139.0
54   Consumer goods excluding autos and trucks     120.8     120.5
55   Consumer goods excluding energy               122.3     122.6
56   Business equipment excluding autos and
         trucks                                    206.8     207.3
57   Business equipment excluding computer and
         office equipment                          156.7     158.1
58   Materials excluding energy                    185.2     185.8
59   Total index                                   145.9     146.5
60   Manufacturing                                 151.3     151.8
61     Primary processing                          173.7     174.1
62     Advanced processing                         139.0     139.4

63     Durable goods                               191.9     193.6
64       Lumber and products                       109.1     108.6
65       Furniture and fixtures                    143.8     143.1
66       Stone, clay, and glass
             products                              133.1     133.2
67       Primary metals                            122.7     122.6
68         Iron and steel                          117.1     118.6
69           Raw steel                             109.1     112.5
70         Nonferrous                              129.4     127.5
71       Fabricated metal products                 130.9     131.0
72       Industrial machinery and
             equipment                             258.4     257.7
73       Computer and office
             equipment                           1,533.8   1,544.5
74       Electrical machinery                      604.4     608.6
75       Transportation equipment                  117.9     123.4
76         Motor vehicles and parts                143.6     153.7
77           Autos and light trucks                129.8     141.9
78         Aerospace and
               miscellaneous
               transportation
               equipment                            93.4      94.7
79       Instruments                               123.4     123.7
80       Miscellaneous                             128.3     126.9

81     Nondurable goods                            114.4     114.0
82       Foods                                     115.1     114.8
83       Tobacco products                           93.7      91.7
84       Textile mill products                      92.9      91.6
85       Apparel products                           86.6      86.7
86       Paper and products                        112.4     111.9
87       Printing and publishing                   110.2     109.2
88       Chemicals and products                    123.1     123.2
89       Petroleum products                        115.8     115.9
90       Rubber and plastic products               137.0     136.4
91       Leather and products                       65.1      63.7

92   Mining                                        101.1     101.9
93     Metal                                        92.7      90.4
94     Coal                                        110.7     116.6
95     Oil and gas extraction                       96.6      97.1
96     Stone and earth minerals                    120.6     122.6

97   Utilities                                     121.8     123.1
98     Electric                                    123.9     125.5
99     Gas                                         113.1     113.7

              SPECIAL AGGREGATES

100   Manufacturing excluding motor
            vehicles and parts                     152.0     151.8
101   Manufacturing excluding
            computer and office
            equipment                              142.7     143.1
102   Computers, communications
            equipment, and
            semiconductors                       1,368.0   1,379.7
103   Manufacturing excluding
            computers and
            semiconductors                         124.6     124.9
104   Manufacturing excluding
            computers, communications
            equipment, and
            semiconductors                         121.0     121.3

                                                     Gross value
                                                  (billions of 1992
                                                    dollars, annual
                                                        rates)

                Major Markets

105   Products, total                            2,822.5   2,839.3
106   Final                                      2,173.4   2,191.4
107     Consumer goods                           1,321.6   1,328.7
108     Equipment                                  860.0     872.2

109   Intermediate                                 648.2     647.2

(1.) Data in this table appear in the Board's G.17 (419) monthly
statistical release. The data are also available on the Board's web
site, http://www.federalreserve.gov/releases/g17. The latest historical
revision of the industrial production index and the capacity
utilization rates was released in December 2000. The recent annual
revision is described in an article in the March 2001 issue of the
Bulletin. For a description of the methods of estimating industrial
production and capacity utilization, see "Industrial Production and
Capacity Utilization: Historical Revision and Recent Developments,"
Federal Reserve Bulletin, vol. 83 (February 1997), pp. 67-92, and the
references cited therein. For details about the construction of
individual industrial production series, see "Industrial Production:
1989 Developments and Historical Revision," Federal Reserve Bulletin,
vol. 76 (April 1990), pp. 187-204.

(2.) Standard industrial classification.
2.13 INDUSTRIAL PRODUCTION Indexes and Gross Value(1)

Monthly data seasonally adjusted

                                                            1992
                                                 SIC(2)     pro-
                    Group                         code      por-
                                                            tion

                                                   Index (1992=100)

                MAJOR MARKETS

 1   Total index                                             100.0

 2   Products                                                 60.5
 3     Final products                                         46.3
 4       Consumer goods, total                                29.1
 5         Durable consumer goods                              6.1
 6           Automotive products                               2.6
 7             Autos and trucks                                1.7
 8               Autos, consumer                                .9
 9               Trucks, consumer                               .7
10             Auto parts and allied goods                      .9
11           Other                                             3.5
12             Appliances, televisions, and
                   air conditioners                            1.0
13             Carpeting and furniture                          .8
14             Miscellaneous home goods                        1.6
15         Nondurable consumer goods                          23.0
16           Foods and tobacco                                10.3
17           Clothing                                          2.4
18           Chemical products                                 4.5
19           Paper products                                    2.9
20           Energy                                            2.9
21             Fuels                                            .8
22            Residential utilities                            2.1

23     Equipment                                              17.2
24       Business equipment                                   13.2
25         Information processing and related                  5.4
26           Computer and office equipment                     1.1
27         Industrial                                          4.0
28         Transit                                             2.5
29           Autos and trucks                                  1.2
30         Other                                               1.3
31       Defense and space equipment                           3.3
32       Oil and gas well drilling                              .6
33       Manufactured homes                                     .2

34     Intermediate products, total                           14.2
35       Construction supplies                                 5.3
36       Business supplies                                     8.9

37   Materials                                                39.5
38     Durable goods materials                                20.8
39       Durable consumer parts                                4.0
40       Equipment parts                                       7.6
41       Other                                                 9.2
42         Basic metal materials                               3.1
43     Nondurable goods materials                              8.9
44       Textile materials                                     1.1
45       Paper materials                                       1.8
46       Chemical materials                                    3.9
47       Other                                                 2.1
48     Energy materials                                        9.7
49       Primary energy                                        6.3
50       Converted fuel materials                              3.3

              SPECIAL AGGREGATES

51   Total excluding autos and trucks                         97.1
52   Total excluding motor vehicles and parts                 95.1
53   Total excluding computer and office
         equipment                                            98.2
54   Consumer goods excluding autos and trucks                27.4
55   Consumer goods excluding energy                          26.2
56   Business equipment excluding autos and
         trucks                                               12.0
57   Business equipment excluding computer and
         office equipment                                     12.1
58   Materials excluding energy                               29.8
59   Total index                                   ...       100.0
60   Manufacturing                                 ...        85.4
61     Primary processing                          ...        26.5
62     Advanced processing                         ...        58.9

63     Durable goods                               ...        45.0
64       Lumber and products                          24       2.0
65       Furniture and fixtures                       25       1.4
66       Stone, clay, and glass
             products                                 32       2.1
67       Primary metals                               33       3.1
68         Iron and steel                         331,2        1.7
69           Raw steel                            331PT         .1
70         Nonferrous                            333-6,9       1.4
71       Fabricated metal products                    34       5.0
72       Industrial machinery and
             equipment                                35       8.0
73       Computer and office
             equipment                               357       1.8
74       Electrical machinery                         36       7.3
75       Transportation equipment                     37       9.5
76         Motor vehicles and parts                  371       4.9
77           Autos and light trucks                371PT       2.6
78         Aerospace and
               miscellaneous
               transportation
               equipment                         372-6,9       4.6
79       Instruments                                  38       5.4
80       Miscellaneous                                39       1.3

81     Nondurable goods                            ...        40.4
82       Foods                                        20       9.4
83       Tobacco products                             21       1.6
84       Textile mill products                        22       1.8
85       Apparel products                             23       2.2
86       Paper and products                           26       3.6
87       Printing and publishing                      27       6.7
88       Chemicals and products                       28       9.9
89       Petroleum products                           29       1.4
90       Rubber and plastic products                  30       3.5
91       Leather and products                         31        .3

92   Mining                                        ...         6.9
93     Metal                                          10        .5
94     Coal                                           12       1.0
95     Oil and gas extraction                         13       4.8
96     Stone and earth minerals                       14        .6

97   Utilities                                      ...        7.7
98     Electric                                  491,3PT       6.2
99     Gas                                       492,3PT       1.6

              SPECIAL AGGREGATES

100   Manufacturing excluding motor
            vehicles and parts                      ...       80.5
101   Manufacturing excluding
            computer and office
            equipment                               ...       83.6
102   Computers, communications
            equipment, and
            semiconductors                          ...        5.9
103   Manufacturing excluding
            computers and
            semiconductors                          ...       81.1
104   Manufacturing excluding
            computers, communications
            equipment, and
            semiconductors                          ...       79.5

                                                     Gross value
                                                  (billions of 1992
                                                    dollars, annual
                                                        rates)

                Major Markets

105   Products, total                               ...    2,001.9
106   Final                                         ...    1,552.1
107     Consumer goods                              ...    1,049.6
108     Equipment                                   ...     502.5

109   Intermediate                                  ...     449.9

                                                            2000
                                                  2000
                    Group                         avg.
                                                            Mar.

                                                   Index (1992=100)

                MAJOR MARKETS

 1   Total index                                   147.5     145.2

 2   Products                                      136.2     134.4
 3     Final products                              138.8     136.0
 4       Consumer goods, total                     123.0     122.2
 5         Durable consumer goods                  160.8     162.1
 6           Automotive products                   153.2     155.3
 7             Autos and trucks                    166.9     170.3
 8               Autos, consumer                   114.0     115.1
 9               Trucks, consumer                  221.6     227.3
10             Auto parts and allied goods         131.7     131.9
11           Other                                 167.1     167.7
12             Appliances, televisions, and
                   air conditioners                332.6     332.3
13             Carpeting and furniture             129.7     128.3
14             Miscellaneous home goods            120.4     122.1
15         Nondurable consumer goods               114.2     112.9
16           Foods and tobacco                     110.7     110.8
17           Clothing                               85.0      87.2
18           Chemical products                     137.0     134.9
19           Paper products                        111.1     108.3
20           Energy                                116.3     110.7
21             Fuels                               113.0     114.9
22            Residential utilities                117.9     107.4

23     Equipment                                   166.1     161.3
24       Business equipment                        194.2     188.9
25         Information processing and related      312.2     293.5
26           Computer and office equipment       1,157.6   1,044.0
27         Industrial                              144.6     142.2
28         Transit                                 127.7     131.5
29           Autos and trucks                      145.6     154.0
30         Other                                   145.7     142.9
31       Defense and space equipment                76.2      76.0
32       Oil and gas well drilling                 131.8     126.7
33       Manufactured homes                        116.2     131.7

34     Intermediate products, total                128.7     129.5
35       Construction supplies                     143.2     144.6
36       Business supplies                         120.1     120.6

37   Materials                                     167.8     164.7
38     Durable goods materials                     227.6     220.0
39       Durable consumer parts                    165.3     164.9
40       Equipment parts                           478.3     434.2
41       Other                                     134.6     135.9
42         Basic metal materials                   128.7     131.1
43     Nondurable goods materials                  113.8     115.6
44       Textile materials                          97.9     102.2
45       Paper materials                           115.8     118.1
46       Chemical materials                        117.0     118.6
47       Other                                     113.0     113.5
48     Energy materials                            103.4     102.5
49       Primary energy                             98.1      97.7
50       Converted fuel materials                  114.3     112.3

              SPECIAL AGGREGATES

51   Total excluding autos and trucks              147.2     144.8
52   Total excluding motor vehicles and parts      146.3     143.9
53   Total excluding computer and office
         equipment                                 140.4     138.6
54   Consumer goods excluding autos and trucks     120.6     119.6
55   Consumer goods excluding energy               123.9     123.6
56   Business equipment excluding autos and
         trucks                                    200.1     193.1
57   Business equipment excluding computer and
         office equipment                          158.4     155.7
58   Materials excluding energy                    188.5     184.6
59   Total index                                   147.5     145.2
60   Manufacturing                                 153.6     151.3
61     Primary processing                          178.0     175.5
62     Advanced processing                         139.3     137.9

63     Durable goods                               193.4     188.9
64       Lumber and products                       118.3     121.9
65       Furniture and fixtures                    142.9     139.3
66       Stone, clay, and glass
             products                              134.7     134.4
67       Primary metals                            133.7     137.1
68         Iron and steel                          131.1     136.9
69           Raw steel                             120.9     125.8
70         Nonferrous                              136.8     137.6
71       Fabricated metal products                 135.6     135.6
72       Industrial machinery and
             equipment                             252.8     245.8
73       Computer and office
             equipment                           1,343.6   1,224.7
74       Electrical machinery                      549.7     495.2
75       Transportation equipment                  131.0     131.9
76         Motor vehicles and parts                170.5     172.5
77           Autos and light trucks                153.0     156.0
78         Aerospace and
               miscellaneous
               transportation
               equipment                            93.8      93.7
79       Instruments                               122.2     120.2
80       Miscellaneous                             130.8     130.6

81     Nondurable goods                            116.9     116.6
82       Foods                                     114.7     114.9
83       Tobacco products                           95.3      94.3
84       Textile mill products                     100.1     104.4
85       Apparel products                           91.7      94.1
86       Paper and products                        116.1     117.8
87       Printing and publishing                   109.9     109.7
88       Chemicals and products                    128.3     124.9
89       Petroleum products                        117.1     118.9
90       Rubber and plastic products               142.3     143.0
91       Leather and products                       69.8      70.6

92   Mining                                        100.0     100.4
93     Metal                                        97.4      99.7
94     Coal                                        108.9     110.1
95     Oil and gas extraction                       95.0      94.6
96     Stone and earth minerals                    126.4     133.4

97   Utilities                                     120.4     114.7
98     Electric                                    123.9     119.7
99     Gas                                         109.3      98.3

              SPECIAL AGGREGATES

100   Manufacturing excluding motor
            vehicles and parts                     152.6     150.1
101   Manufacturing excluding
            computer and office
            equipment                              145.4     143.6
102   Computers, communications
            equipment, and
            semiconductors                       1,195.2   1,048.5
103   Manufacturing excluding
            computers and
            semiconductors                         128.3     127.8
104   Manufacturing excluding
            computers, communications
            equipment, and
            semiconductors                         125.1     124.9

                                                     Gross value
                                                  (billions of 1992
                                                    dollars, annual
                                                        rates)

                Major Markets

105   Products, total                            2,860.5   2,853.1
106   Final                                      2,203.4   2,186.3
107     Consumer goods                           1,340.0   1,338.5
108     Equipment                                  865.7     854.0

109   Intermediate                                 656.7     665.6

                                                         2000
                    Group
                                                  Apr.       May

                                                   Index (1992=100)

                MAJOR MARKETS

 1   Total index                                   146.3     147.2

 2   Products                                      135.3     135.5
 3     Final products                              137.2     137.5
 4       Consumer goods, total                     123.2     123.5
 5         Durable consumer goods                  164.7     163.8
 6           Automotive products                   157.6     157.9
 7             Autos and trucks                    173.7     175.7
 8               Autos, consumer                   118.5     119.7
 9               Trucks, consumer                  230.7     233.7
10             Auto parts and allied goods         132.7     130.6
11           Other                                 170.6     168.5
12             Appliances, televisions, and
                   air conditioners                341.1     334.6
13             Carpeting and furniture             131.8     130.8
14             Miscellaneous home goods            122.7     121.6
15         Nondurable consumer goods               113.6     114.1
16           Foods and tobacco                     110.9     110.3
17           Clothing                               87.5      86.8
18           Chemical products                     136.5     138.5
19           Paper products                        108.2     109.0
20           Energy                                113.6     116.0
21             Fuels                               112.1     113.1
22            Residential utilities                113.8     117.1

23     Equipment                                   162.8     163.1
24       Business equipment                        191.1     191.6
25         Information processing and related      298.8     302.5
26           Computer and office equipment       1,062.0   1,087.8
27         Industrial                              142.9     143.4
28         Transit                                 131.3     129.0
29           Autos and trucks                      156.5     153.9
30         Other                                   146.7     145.8
31       Defense and space equipment                75.5      75.5
32       Oil and gas well drilling                 126.7     130.3
33       Manufactured homes                        127.2     122.9

34     Intermediate products, total                129.3     129.4
35       Construction supplies                     144.4     143.1
36       Business supplies                         120.4     121.3

37   Materials                                     166.1     168.4
38     Durable goods materials                     222.7     227.6
39       Durable consumer parts                    162.2     169.9
40       Equipment parts                           451.9     466.8
41       Other                                     135.7     135.9
42         Basic metal materials                   131.9     130.8
43     Nondurable goods materials                  115.2     115.7
44       Textile materials                         101.1     100.9
45       Paper materials                           118.7     117.5
46       Chemical materials                        118.1     119.8
47       Other                                     112.6     112.4
48     Energy materials                            103.5     103.3
49       Primary energy                             98.8      98.3
50       Converted fuel materials                  113.0     113.7

              SPECIAL AGGREGATES

51   Total excluding autos and trucks              145.7     146.7
52   Total excluding motor vehicles and parts      144.9     145.8
53   Total excluding computer and office
         equipment                                 139.6     140.4
54   Consumer goods excluding autos and trucks     120.5     120.7
55   Consumer goods excluding energy               124.4     124.4
56   Business equipment excluding autos and
         trucks                                    195.2     196.1
57   Business equipment excluding computer and
         office equipment                          157.4     157.3
58   Materials excluding energy                    186.0     189.3
59   Total index                                   146.3     147.2
60   Manufacturing                                 152.2     153.1
61     Primary processing                          177.1     178.7
62     Advanced processing                         138.5     139.1

63     Durable goods                               191.0     193.0
64       Lumber and products                       121.6     120.5
65       Furniture and fixtures                    140.7     143.0
66       Stone, clay, and glass
             products                              132.9     134.2
67       Primary metals                            137.8     136.7
68         Iron and steel                          136.8     135.9
69           Raw steel                             127.3     127.1
70         Nonferrous                              139.1     137.9
71       Fabricated metal products                 135.9     136.2
72       Industrial machinery and
             equipment                             247.2     249.9
73       Computer and office
             equipment                           1,245.1   1,272.3
74       Electrical machinery                      516.5     533.8
75       Transportation equipment                  132.1     133.6
76         Motor vehicles and parts                174.1     177.6
77           Autos and light trucks                159.2     161.1
78         Aerospace and
               miscellaneous
               transportation
               equipment                            92.7      92.3
79       Instruments                               121.5     121.3
80       Miscellaneous                             130.9     130.7

81     Nondurable goods                            116.7     116.7
82       Foods                                     114.7     114.2
83       Tobacco products                           95.6      95.3
84       Textile mill products                     104.4     102.6
85       Apparel products                           94.6      93.0
86       Paper and products                        118.4     116.5
87       Printing and publishing                  109.1      109.9
88       Chemicals and products                    125.2     126.3
89       Petroleum products                        117.2     118.9
90       Rubber and plastic products               143.5     142.6
91       Leather and products                       70.0      70.5

92   Mining                                         99.9      99.6
93     Metal                                        98.8      95.7
94     Coal                                        112.6     112.2
95     Oil and gas extraction                       94.0      94.3
96     Stone and earth minerals                    130.4     123.9

97   Utilities                                     118.7     121.6
98     Electric                                    122.8     125.2
99     Gas                                         104.4     108.7

              SPECIAL AGGREGATES

100   Manufacturing excluding motor
            vehicles and parts                     151.0     151.7
101   Manufacturing excluding
            computer and office
            equipment                              144.4     145.2
102   Computers, communications
            equipment, and
            semiconductors                       1,097.8   1,140.2
103   Manufacturing excluding
            computers and
            semiconductors                         128.0     128.4
104   Manufacturing excluding
            computers, communications
            equipment, and
            semiconductors                         125.1     125.4

                                                     Gross value
                                                  (billions of 1992
                                                    dollars, annual
                                                        rates)

                Major Markets

105   Products, total                            2,868.9   2,872.7
106   Final                                      2,202.8   2,205.6
107     Consumer goods                           1,347.2   1,349.8
108     Equipment                                  862.2     862.2

109   Intermediate                                 665.0     666.0

                                                         2000
                    Group
                                                  June      July

                                                   Index (1992=100)

                MAJOR MARKETS

 1   Total index                                   147.9     147.6

 2   Products                                      136.0     135.8
 3     Final products                              138.3     138.1
 4       Consumer goods, total                     124.2     122.9
 5         Durable consumer goods                  164.4     158.7
 6           Automotive products                   157.8     149.4
 7             Autos and trucks                    174.8     160.5
 8               Autos, consumer                   118.1     113.6
 9               Trucks, consumer                  233.2     209.8
10             Auto parts and allied goods         131.6     131.6
11           Other                                 169.8     166.7
12             Appliances, televisions, and
                   air conditioners                348.2     322.3
13             Carpeting and furniture             130.1     131.5
14             Miscellaneous home goods            120.5     121.3
15         Nondurable consumer goods               114.8     114.5
16           Foods and tobacco                     110.8     111.0
17           Clothing                               85.1      85.6
18           Chemical products                     139.3     137.4
19           Paper products                        111.6     112.4
20           Energy                                117.0     114.9
21             Fuels                               113.4     112.6
22            Residential utilities                118.5     115.6

23     Equipment                                   164.3     166.3
24       Business equipment                        192.8     195.0
25         Information processing and related      307.0     313.9
26           Computer and office equipment       1,130.8   1,182.8
27         Industrial                              143.8     144.4
28         Transit                                 130.1     127.6
29           Autos and trucks                      152.9     141.5
30         Other                                   142.8     148.1
31       Defense and space equipment                76.3      77.9
32       Oil and gas well drilling                 130.8     136.2
33       Manufactured homes                        121.9     116.8

34     Intermediate products, total                129.0     128.7
35       Construction supplies                     143.4     143.8
36       Business supplies                         120.5     119.8

37   Materials                                     169.4     169.0
38     Durable goods materials                     230.3     230.5
39       Durable consumer parts                    165.7     158.3
40       Equipment parts                           486.2     499.9
41       Other                                     135.9     135.3
42         Basic metal materials                   130.7     128.5
43     Nondurable goods materials                  115.2     113.9
44       Textile materials                         101.7      97.9
45       Paper materials                           118.1     114.9
46       Chemical materials                        118.4     117.0
47       Other                                     112.3     113.7
48     Energy materials                            103.1     102.9
49       Primary energy                             98.4      98.7
50       Converted fuel materials                  112.4     110.8

              SPECIAL AGGREGATES

51   Total excluding autos and trucks              147.5     147.5
52   Total excluding motor vehicles and parts      146.5     146.9
53   Total excluding computer and office
         equipment                                 141.0     140.5
54   Consumer goods excluding autos and trucks     121.5     120.9
55   Consumer goods excluding energy               125.0     123.9
56   Business equipment excluding autos and
         trucks                                    197.6     201.5
57   Business equipment excluding computer and
         office equipment                          157.6     158.6
58   Materials excluding energy                    190.7     190.3
59   Total index                                   147.9     147.6
60   Manufacturing                                 153.8     153.7
61     Primary processing                          180.1     179.4
62     Advanced processing                         139.4     139.5

63     Durable goods                               194.6     194.7
64       Lumber and products                       118.7     118.6
65       Furniture and fixtures                    141.9     142.6
66       Stone, clay, and glass
             products                              134.6     136.3
67       Primary metals                            136.4     133.9
68         Iron and steel                          135.5     129.9
69           Raw steel                             128.2     126.4
70         Nonferrous                              137.6     138.8
71       Fabricated metal products                 135.7     136.1
72       Industrial machinery and
             equipment                             250.9     253.9
73       Computer and office
             equipment                           1,316.2   1,370.4
74       Electrical machinery                      555.0     571.2
75       Transportation equipment                  133.5     128.0
76         Motor vehicles and parts                176.1     163.1
77           Autos and light trucks                160.1     147.8
78         Aerospace and
               miscellaneous
               transportation
               equipment                            93.6      94.9
79       Instruments                               122.2     122.6
80       Miscellaneous                             130.5     132.1

81     Nondurable goods                            116.7     116.3
82       Foods                                     114.9     115.0
83       Tobacco products                           93.8      95.8
84       Textile mill products                     103.1     101.4
85       Apparel products                           91.2      92.0
86       Paper and products                        118.8     114.9
87       Printing and publishing                   109.1     110.0
88       Chemicals and products                    125.9     124.8
89       Petroleum products                        118.8     117.0
90       Rubber and plastic products               143.5     144.4
91       Leather and products                       69.3      70.0

92   Mining                                        100.4     100.5
93     Metal                                        97.5      92.9
94     Coal                                        113.6     110.3
95     Oil and gas extraction                       94.8      95.7
96     Stone and earth minerals                    127.7     124.4

97   Utilities                                     121.7     119.1
98     Electric                                    124.8     121.1
99     Gas                                         110.5     111.0

              SPECIAL AGGREGATES

100   Manufacturing excluding motor
            vehicles and parts                     152.6     153.2
101   Manufacturing excluding
            computer and office
            equipment                              145.8     145.4
102   Computers, communications
            equipment, and
            semiconductors                       1,193.1   1,248.0
103   Manufacturing excluding
            computers and
            semiconductors                         128.4     127.7
104   Manufacturing excluding
            computers, communications
            equipment, and
            semiconductors                         125.3     124.5

                                                     Gross value
                                                  (billions of 1992
                                                    dollars, annual
                                                        rates)

                Major Markets

105   Products, total                            2,883.5   2,865.7
106   Final                                      2,218.6   2,202.8
107     Consumer goods                           1,357.8   1,338.7
108     Equipment                                  867.3     872.8

109   Intermediate                                 663.9     661.8

                                                         2000
                    Group
                                                  Aug.      Sept.

                                                   Index (1992=100)

                MAJOR MARKETS

 1   Total index                                   148.6     149.0

 2   Products                                      136.6     136.7
 3     Final products                              139.2     139.3
 4       Consumer goods, total                     123.8     123.8
 5         Durable consumer goods                  160.0     162.8
 6           Automotive products                   153.8     156.7
 7             Autos and trucks                    169.8     172.7
 8               Autos, consumer                   120.3     120.5
 9               Trucks, consumer                  221.8     227.1
10             Auto parts and allied goods         129.1     132.1
11           Other                                 165.2     167.7
12             Appliances, televisions, and
                   air conditioners                325.0     340.5
13             Carpeting and furniture             128.6     131.9
14             Miscellaneous home goods            119.7     118.1
15         Nondurable consumer goods               115.2     114.7
16           Foods and tobacco                     111.4     110.5
17           Clothing                               84.2      83.1
18           Chemical products                     139.4     138.4
19           Paper products                        112.4     112.4
20           Energy                                117.1     118.4
21             Fuels                               113.1     115.8
22            Residential utilities                119.0     119.1

23     Equipment                                   167.9     168.3
24       Business equipment                        197.8     199.5
25         Information processing and related      322.1     327.2
26           Computer and office equipment       1,229.0   1,264.1
27         Industrial                              147.7     146.5
28         Transit                                 126.8     127.7
29           Autos and trucks                      142.8     144.2
30         Other                                   144.8     149.3
31       Defense and space equipment                76.1      73.7
32       Oil and gas well drilling                 137.1     132.8
33       Manufactured homes                        115.5     109.3

34     Intermediate products, total                128.8     128.6
35       Construction supplies                     142.7     143.1
36       Business supplies                         120.6     120.0

37   Materials                                     170.5     171.3
38     Durable goods materials                     233.8     235.7
39       Durable consumer parts                    168.3     169.0
40       Equipment parts                           505.7     512.1
41       Other                                     134.7     135.5
42         Basic metal materials                   127.5     129.2
43     Nondurable goods materials                  112.8     112.7
44       Textile materials                          99.3      95.9
45       Paper materials                           112.8     113.8
46       Chemical materials                        116.8     116.3
47       Other                                     110.2     112.0
48     Energy materials                            104.2     104.3
49       Primary energy                             98.9      98.5
50       Converted fuel materials                  115.1     116.6

              SPECIAL AGGREGATES

51   Total excluding autos and trucks              148.4     148.7
52   Total excluding motor vehicles and parts      147.4     147.7
53   Total excluding computer and office
         equipment                                 141.4     141.6
54   Consumer goods excluding autos and trucks     121.3     121.2
55   Consumer goods excluding energy               124.5     124.4
56   Business equipment excluding autos and
         trucks                                    204.5     206.3
57   Business equipment excluding computer and
         office equipment                          160.3     161.2
58   Materials excluding energy                    191.8     193.0
59   Total index                                   148.6     149.0
60   Manufacturing                                 154.6     155.1
61     Primary processing                          180.3     181.2
62     Advanced processing                         140.5     140.8

63     Durable goods                               196.9     198.4
64       Lumber and products                       115.5     116.8
65       Furniture and fixtures                    143.8     146.6
66       Stone, clay, and glass
             products                              136.1     136.5
67       Primary metals                            132.4     133.9
68         Iron and steel                          129.7     131.9
69           Raw steel                             123.9     117.7
70         Nonferrous                              135.7     136.5
71       Fabricated metal products                 136.3     136.0
72       Industrial machinery and
             equipment                             257.9     260.0
73       Computer and office
             equipment                           1,421.6   1,464.2
74       Electrical machinery                      580.0     592.2
75       Transportation equipment                  132.4     132.4
76         Motor vehicles and parts                173.9     175.5
77           Autos and light trucks                156.4     158.8
78         Aerospace and
               miscellaneous
               transportation
               equipment                            93.5      92.1
79       Instruments                               123.3     123.7
80       Miscellaneous                             130.8     130.9

81     Nondurable goods                            116.3     116.0
82       Foods                                     115.1     114.6
83       Tobacco products                           96.6      94.5
84       Textile mill products                      99.4      98.4
85       Apparel products                           90.7      89.5
86       Paper and products                        113.3     113.7
87       Printing and publishing                   110.4     110.9
88       Chemicals and products                    125.9     125.4
89       Petroleum products                        117.6     117.4
90       Rubber and plastic products               142.1     141.9
91       Leather and products                       68.8      69.8

92   Mining                                        101.0     100.4
93     Metal                                        95.8      99.3
94     Coal                                        109.3     107.0
95     Oil and gas extraction                       96.3      95.7
96     Stone and earth minerals                    125.0     123.7

97   Utilities                                     122.1     121.7
98     Electric                                    126.1     124.7
99     Gas                                         108.4     110.5

              SPECIAL AGGREGATES

100   Manufacturing excluding motor
            vehicles and parts                     153.5     153.9
101   Manufacturing excluding
            computer and office
            equipment                              146.2     146.5
102   Computers, communications
            equipment, and
            semiconductors                       1,281.6   1,310.3
103   Manufacturing excluding
            computers and
            semiconductors                         128.2     128.4
104   Manufacturing excluding
            computers, communications
            equipment, and
            semiconductors                         124.9     125.0

                                                     Gross value
                                                  (billions of 1992
                                                    dollars, annual
                                                        rates)

                Major Markets

105   Products, total                            2,882.9   2,889.1
106   Final                                      2,220.5   2,228.1
107     Consumer goods                           1,348.7   1,353.7
108     Equipment                                  880.8     883.3

109   Intermediate                                 661.5     660.2

                                                         2000
                    Group
                                                  Oct.      Nov.

                                                   Index (1992=100)

                MAJOR MARKETS

 1   Total index                                   148.7     148.2

 2   Products                                      136.3     136.3
 3     Final products                              138.8     138.8
 4       Consumer goods, total                     122.7     122.4
 5         Durable consumer goods                  157.3     154.3
 6           Automotive products                   148.0     143.6
 7             Autos and trucks                    159.1     153.0
 8               Autos, consumer                   107.8     103.0
 9               Trucks, consumer                  212.0    2114.3
10             Auto parts and allied goods         130.2     128.2
11           Other                                 165.4     163.7
12             Appliances, televisions, and
                   air conditioners                332.5     332.7
13             Carpeting and furniture             129.8     125.4
14             Miscellaneous home goods            117.5     117.1
15         Nondurable consumer goods               114.5     114.6
16           Foods and tobacco                     110.4     110.7
17           Clothing                               82.7      83.2
18           Chemical products                     139.0     138.5
19           Paper products                        113.8     112.5
20           Energy                                115.5     117.3
21             Fuels                               113.0     115.5
22            Residential utilities                116.2     117.6

23     Equipment                                   169.1     169.9
24       Business equipment                        200.0     200.6
25         Information processing and related      332.3     336.7
26           Computer and office equipment       1,286.4   1,305.0
27         Industrial                              146.9     147.4
28         Transit                                 121.6     121.8
29           Autos and trucks                      131.4     130.4
30         Other                                   154.2     148.6
31       Defense and space equipment                75.3      77.0
32       Oil and gas well drilling                 136.5     138.9
33       Manufactured homes                         98.8      90.9

34     Intermediate products, total                128.7     128.5
35       Construction supplies                     142.3     141.6
36       Business supplies                         120.7     120.7

37   Materials                                     171.1     169.9
38     Durable goods materials                     235.0     232.9
39       Durable consumer parts                    168.5     161.8
40       Equipment parts                           515.9     521.4
41       Other                                     133.7     131.8
42         Basic metal materials                   125.9     124.4
43     Nondurable goods materials                  113.4     110.7
44       Textile materials                          94.0      89.5
45       Paper materials                           117.2     113.4
46       Chemical materials                        115.9     113.7
47       Other                                     114.0     111.9
48     Energy materials                            103.9     105.4
49       Primary energy                             97.8      99.3
50       Converted fuel materials                  117.2     118.7

              SPECIAL AGGREGATES

51   Total excluding autos and trucks              148.8     148.4
52   Total excluding motor vehicles and parts      147.8     147.7
53   Total excluding computer and office
         equipment                                 141.2     140.8
54   Consumer goods excluding autos and trucks     120.7     120.6
55   Consumer goods excluding energy               123.6     122.9
56   Business equipment excluding autos and
         trucks                                    208.5     209.4
57   Business equipment excluding computer and
         office equipment                          161.2     161.5
58   Materials excluding energy                    192.8     190.4
59   Total index                                   148.7     148.2
60   Manufacturing                                 154.9     154.1
61     Primary processing                          181.1     178.8
62     Advanced processing                         140.5     140.5

63     Durable goods                               197.6     196.7
64       Lumber and products                       114.8     113.2
65       Furniture and fixtures                    147.2     145.0
66       Stone, clay, and glass
             products                              137.3     134.6
67       Primary metals                            129.0     127.3
68         Iron and steel                          123.7     122.0
69           Raw steel                             115.6     106.3
70         Nonferrous                              135.3     133.6
71       Fabricated metal products                 136.0     134.7
72       Industrial machinery and
             equipment                             261.5     261.9
73       Computer and office
             equipment                           1,487.4   1,502.8
74       Electrical machinery                      597.4     604.4
75       Transportation equipment                  129.2     126.8
76         Motor vehicles and parts                167.2     160.1
77           Autos and light trucks                145.8     140.1
78         Aerospace and
               miscellaneous
               transportation
               equipment                            93.6      95.4
79       Instruments                               123.5     124.6
80       Miscellaneous                             131.1     130.2

81     Nondurable goods                            116.3     115.5
82       Foods                                     114.8     115.0
83       Tobacco products                           93.7      93.1
84       Textile mill products                      96.7      92.8
85       Apparel products                           89.2      89.2
86       Paper and products                        117.1     114.7
87       Printing and publishing                   111.6     111.2
88       Chemicals and products                    125.8     124.8
89       Petroleum products                        116.5     116.9
90       Rubber and plastic products               141.3     139.1
91       Leather and products                       68.6      68.9

92   Mining                                        100.1     101.1
93     Metal                                        96.3      93.7
94     Coal                                        110.2     108.6
95     Oil and gas extraction                       95.1      96.6
96     Stone and earth minerals                    124.6     123.2

97   Utilities                                     120.0     121.9
98     Electric                                    124.2     127.3
99     Gas                                         105.8     104.5

              SPECIAL AGGREGATES

100   Manufacturing excluding motor
            vehicles and parts                     154.3     153.8
101   Manufacturing excluding
            computer and office
            equipment                              146.2     145.4
102   Computers, communications
            equipment, and
            semiconductors                       1,334.8   1,358.1
103   Manufacturing excluding
            computers and
            semiconductors                         128.0     127.1
104   Manufacturing excluding
            computers, communications
            equipment, and
            semiconductors                         124.6     123.6

                                                     Gross value
                                                  (billions of 1992
                                                    dollars, annual
                                                        rates)

                Major Markets

105   Products, total                            2,867.4   2,863.2
106   Final                                      2,205.4   2,203.7
107     Consumer goods                           1,334.7   1,331.2
108     Equipment                                  880.9     883.3

109   Intermediate                                 661.0     658.6

                                                  2000      2001
                    Group
                                                 Dec.(r)   Jan.(r)

                                                   Index (1992=100)

                MAJOR MARKETS

 1   Total index                                   147.3     146.4

 2   Products                                      136.0     135.5
 3     Final products                              139.0     138.2
 4       Consumer goods, total                     123.1     122.1
 5         Durable consumer goods                  153.4     149.0
 6           Automotive products                   140.7     133.8
 7             Autos and trucks                    144.1     136.2
 8               Autos, consumer                    94.3      99.4
 9               Trucks, consumer                  194.7     175.5
10             Auto parts and allied goods         133.8     128.4
11           Other                                 164.7     162.9
12             Appliances, televisions, and
                   air conditioners                341.7     333.3
13             Carpeting and furniture             127.4     123.9
14             Miscellaneous home goods            115.5     116.5
15         Nondurable consumer goods               115.7     115.3
16           Foods and tobacco                     110.1     110.4
17           Clothing                               82.4      82.8
18           Chemical products                     139.0     140.1
19           Paper products                        112.2     113.7
20           Energy                                126.1     119.7
21             Fuels                               112.3     112.1
22            Residential utilities                134.5     124.0

23     Equipment                                   168.9     168.6
24       Business equipment                        199.2     198.2
25         Information processing and related      335.9     340.4
26           Computer and office equipment       1,318.3   1,333.3
27         Industrial                              145.8     145.9
28         Transit                                 117.4     111.3
29           Autos and trucks                      122.0     115.6
30         Other                                   153.5     150.2
31       Defense and space equipment                77.5      78.5
32       Oil and gas well drilling                 139.1     146.7
33       Manufactured homes                         83.5      73.5

34     Intermediate products, total                126.8     127.3
35       Construction supplies                     140.6     140.3
36       Business supplies                         118.5     119.6

37   Materials                                     167.8     166.2
38     Durable goods materials                     230.3     227.0
39       Durable consumer parts                    157.6     146.2
40       Equipment parts                           522.3     520.0
41       Other                                     129.6     130.0
42         Basic metal materials                   123.6     120.6
43     Nondurable goods materials                  108.6     108.3
44       Textile materials                          90.3      90.1
45       Paper materials                           109.4     110.0
46       Chemical materials                        109.8     110.5
47       Other                                     113.9     110.9
48     Energy materials                            104.5     104.0
49       Primary energy                             98.6      99.9
50       Converted fuel materials                  117.3     111.5

              SPECIAL AGGREGATES

51   Total excluding autos and trucks              147.8     147.1
52   Total excluding motor vehicles and parts      147.2     146.9
53   Total excluding computer and office
         equipment                                 139.9     139.0
54   Consumer goods excluding autos and trucks     121.9     121.2
55   Consumer goods excluding energy               122.5     122.2
56   Business equipment excluding autos and
         trucks                                    208.9     208.7
57   Business equipment excluding computer and
         office equipment                          159.9     158.8
58   Materials excluding energy                    187.8     185.7
59   Total index                                   147.3     146.4
60   Manufacturing                                 152.6     151.8
61     Primary processing                          176.1     173.7
62     Advanced processing                         139.6     139.6

63     Durable goods                               195.1     192.7
64       Lumber and products                       111.5     107.7
65       Furniture and fixtures                    145.3     144.9
66       Stone, clay, and glass
             products                              132.4     135.2
67       Primary metals                            126.3     123.5
68         Iron and steel                          118.7     116.0
69           Raw steel                             104.6     108.3
70         Nonferrous                              135.2     132.3
71       Fabricated metal products                 132.9     133.6
72       Industrial machinery and
             equipment                             262.3     260.1
73       Computer and office
             equipment                           1,508.3   1,522.7
74       Electrical machinery                      610.2     607.4
75       Transportation equipment                  122.8     115.9
76         Motor vehicles and parts                151.8     138.5
77           Autos and light trucks                131.5     125.9
78         Aerospace and
               miscellaneous
               transportation
               equipment                            95.3      94.1
79       Instruments                               123.1     124.9
80       Miscellaneous                             129.4     130.4

81     Nondurable goods                            114.1     114.6
82       Foods                                     114.2     114.3
83       Tobacco products                           94.2      95.2
84       Textile mill products                      94.5      92.4
85       Apparel products                           88.2      89.1
86       Paper and products                        112.7     111.4
87       Printing and publishing                   109.2     111.1
88       Chemicals and products                    122.9     123.3
89       Petroleum products                        114.7     114.8
90       Rubber and plastic products               137.3     138.5
91       Leather and products                       66.9      67.1

92   Mining                                         99.6     100.7
93     Metal                                        99.5      93.8
94     Coal                                        106.1     115.2
95     Oil and gas extraction                       95.2      95.7
96     Stone and earth minerals                    119.3     121.5

97   Utilities                                     129.1     124.4
98     Electric                                    131.2     126.7
99     Gas                                         120.2     115.0

              SPECIAL AGGREGATES

100   Manufacturing excluding motor
            vehicles and parts                     152.7     152.8
101   Manufacturing excluding
            computer and office
            equipment                              143.9     143.1
102   Computers, communications
            equipment, and
            semiconductors                       1,368.9   1,365.0
103   Manufacturing excluding
            computers and
            semiconductors                         125.6     125.0
104   Manufacturing excluding
            computers, communications
            equipment, and
            semiconductors                         122.1     121.4

                                                     Gross value
                                                  (billions of 1992
                                                    dollars, annual
                                                        rates)

                Major Markets

105   Products, total                            2,850.2   2,825.2
106   Final                                      2,198.2   2,172.8
107     Consumer goods                           1,332.8   1,314.9
108     Equipment                                  874.9     867.9

109   Intermediate                                 651.2     651.4

                                                      2001
                    Group
                                                  Feb.     Mar.(p)

                                                   Index (1992=100)

                MAJOR MARKETS

 1   Total index                                   145.9     146.5

 2   Products                                      134.9     135.4
 3     Final products                              137.7     138.4
 4       Consumer goods, total                     122.0     122.3
 5         Durable consumer goods                  150.7     154.4
 6           Automotive products                   137.0     144.8
 7             Autos and trucks                    141.2     154.9
 8               Autos, consumer                    98.7     104.3
 9               Trucks, consumer                  185.6     206.9
10             Auto parts and allied goods         129.0     128.5
11           Other                                 163.1     162.7
12             Appliances, televisions, and
                   air conditioners                331.8     338.0
13             Carpeting and furniture             128.1     125.1
14             Miscellaneous home goods            114.8     114.3
15         Nondurable consumer goods               114.9     114.5
16           Foods and tobacco                     110.9     110.2
17           Clothing                               80.3      79.7
18           Chemical products                     140.4     141.0
19           Paper products                        111.5     110.2
20           Energy                                118.3     118.9
21             Fuels                               112.9     112.4
22            Residential utilities                121.0     122.4

23     Equipment                                   167.1     168.8
24       Business equipment                        196.2     197.9
25         Information processing and related      338.6     340.9
26           Computer and office equipment       1,343.8   1,354.8
27         Industrial                              141.8     141.1
28         Transit                                 109.7     114.6
29           Autos and trucks                      112.7     122.8
30         Other                                   154.0     154.3
31       Defense and space equipment                78.1      79.4
32       Oil and gas well drilling                 147.9     150.7
33       Manufactured homes                         74.8      75.0

34     Intermediate products, total                126.5     126.2
35       Construction supplies                     139.5     139.1
36       Business supplies                         118.7     118.5

37   Materials                                     165.8     166.5
38     Durable goods materials                     226.3     227.5
39       Durable consumer parts                    149.3     153.2
40       Equipment parts                           520.2     522.7
41       Other                                     127.8     127.3
42         Basic metal materials                   119.0     119.0
43     Nondurable goods materials                  108.1     107.9
44       Textile materials                          87.9      87.4
45       Paper materials                           111.4     110.7
46       Chemical materials                        110.1     110.0
47       Other                                     110.7     110.7
48     Energy materials                            104.1     104.9
49       Primary energy                             99.9     100.9
50       Converted fuel materials                  111.6     112.0

              SPECIAL AGGREGATES

51   Total excluding autos and trucks              146.5     146.7
52   Total excluding motor vehicles and parts      146.1     146.2
53   Total excluding computer and office
         equipment                                 138.4     139.0
54   Consumer goods excluding autos and trucks     120.8     120.5
55   Consumer goods excluding energy               122.3     122.6
56   Business equipment excluding autos and
         trucks                                    206.8     207.3
57   Business equipment excluding computer and
         office equipment                          156.7     158.1
58   Materials excluding energy                    185.2     185.8
59   Total index                                   145.9     146.5
60   Manufacturing                                 151.3     151.8
61     Primary processing                          173.7     174.1
62     Advanced processing                         139.0     139.4

63     Durable goods                               191.9     193.6
64       Lumber and products                       109.1     108.6
65       Furniture and fixtures                    143.8     143.1
66       Stone, clay, and glass
             products                              133.1     133.2
67       Primary metals                            122.7     122.6
68         Iron and steel                          117.1     118.6
69           Raw steel                             109.1     112.5
70         Nonferrous                              129.4     127.5
71       Fabricated metal products                 130.9     131.0
72       Industrial machinery and
             equipment                             258.4     257.7
73       Computer and office
             equipment                           1,533.8   1,544.5
74       Electrical machinery                      604.4     608.6
75       Transportation equipment                  117.9     123.4
76         Motor vehicles and parts                143.6     153.7
77           Autos and light trucks                129.8     141.9
78         Aerospace and
               miscellaneous
               transportation
               equipment                            93.4      94.7
79       Instruments                               123.4     123.7
80       Miscellaneous                             128.3     126.9

81     Nondurable goods                            114.4     114.0
82       Foods                                     115.1     114.8
83       Tobacco products                           93.7      91.7
84       Textile mill products                      92.9      91.6
85       Apparel products                           86.6      86.7
86       Paper and products                        112.4     111.9
87       Printing and publishing                   110.2     109.2
88       Chemicals and products                    123.1     123.2
89       Petroleum products                        115.8     115.9
90       Rubber and plastic products               137.0     136.4
91       Leather and products                       65.1      63.7

92   Mining                                        101.1     101.9
93     Metal                                        92.7      90.4
94     Coal                                        110.7     116.6
95     Oil and gas extraction                       96.6      97.1
96     Stone and earth minerals                    120.6     122.6

97   Utilities                                     121.8     123.1
98     Electric                                    123.9     125.5
99     Gas                                         113.1     113.7

              SPECIAL AGGREGATES

100   Manufacturing excluding motor
            vehicles and parts                     152.0     151.8
101   Manufacturing excluding
            computer and office
            equipment                              142.7     143.1
102   Computers, communications
            equipment, and
            semiconductors                       1,368.0   1,379.7
103   Manufacturing excluding
            computers and
            semiconductors                         124.6     124.9
104   Manufacturing excluding
            computers, communications
            equipment, and
            semiconductors                         121.0     121.3

                                                     Gross value
                                                  (billions of 1992
                                                    dollars, annual
                                                        rates)

                Major Markets

105   Products, total                            2,822.5   2,839.3
106   Final                                      2,173.4   2,191.4
107     Consumer goods                           1,321.6   1,328.7
108     Equipment                                  860.0     872.2

109   Intermediate                                 648.2     647.2

(1.) Data in this table appear in the Board's G.17 (419) monthly
statistical release. The data are also available on the Board's web
site, http://www.federalreserve.gov/releases/g17. The latest historical
revision of the industrial production index and the capacity
utilization rates was released in December 2000. The recent annual
revision is described in an article in the March 2001 issue of the
Bulletin. For a description of the methods of estimating industrial
production and capacity utilization, see "Industrial Production and
Capacity Utilization: Historical Revision and Recent Developments,"
Federal Reserve Bulletin, vol. 83 (February 1997), pp. 67-92, and the
references cited therein. For details about the construction of
individual industrial production series, see "Industrial Production:
1989 Developments and Historical Revision," Federal Reserve Bulletin,
vol. 76 (April 1990), pp. 187-204.

(2.) Standard industrial classification.
2.14 HOUSING AND CONSTRUCTION

Monthly figures at seasonally adjusted annual rates except as noted

                   Item                          1998        1999

                                                Private residential
                                                real estate activity
                                                (thousands of units
                                                  except as noted)

                 NEW UNITS

 1   Permits authorized                           1,612       1,664
 2     One-family                                 1,188       1,247
 3     Two-family or more                           425         417
 4   Started                                      1,617       1,667
 5     One-family                                 1,271       1,335
 6     Two-family or more                           346         332
 7   Under construction at end of period(1)         971         993
 8     One-family                                   659         679
 9     Two-family or more                           312         314
10   Completed                                    1,474       1,636
11     One-family                                 1,160       1,307
12     Two-family or more                           315         329
13   Mobile homes shipped                           374         348

     Merchant builder activity in
         one-family units
14   Number sold                                    886         907
15   Number for sale at end of period(1)            300         326

     Price of units sold (thousands
         of dollars(2)
16   Median                                       152.5       160.0
17   Average                                      181.9       195.8

        EXISTING UNITS (one-family)

18   Number sold                                  4,970       5,205

     Price of units sold (thousands
         of dollars)(2)
19   Median                                       128.4       133.3
20   Average                                      159.1       168.3

                                                    Value of new
                                               construction (millions
                                                   of dollars)(3)

               CONSTRUCTION

21   Total put in place                         710,104     765,719

22   Private                                    550,983     592,037
23     Residential                              314,058     348,584
24     Nonresidential                           236,925     243,454
25       Industrial buildings                    40,464      35,016
26       Commercial buildings                    95,753     103,759
27       Other buildings                         39,607      41,279
28       Public utilities and other              61,101      63,400

29   Public                                     159,121     173,682
30     Military                                   2,568       2,122
31     Highway                                   48,339      54,447
32     Conservation and development               5,421       6,002
33     Other                                    102,823     111,110

                                                            2000
                   Item                          2000
                                                             May

                                                Private residential
                                                real estate activity
                                                (thousands of units
                                                  except as noted)

                 NEW UNITS

 1   Permits authorized                           1,574       1,511
 2     One-family                                 1,184       1,150
 3     Two-family or more                           391         361
 4   Started                                      1,593       1,591
 5     One-family                                 1,262       1,258
 6     Two-family or more                           331         333
 7   Under construction at end of period(1)         975       1,023
 8     One-family                                   655         697
 9     Two-family or more                           321         326
10   Completed                                    1,608       1,705
11     One-family                                 1,282       1,377
12     Two-family or more                           326         328
13   Mobile homes shipped                           250         265

     Merchant builder activity in
         one-family units
14   Number sold                                    903         875
15   Number for sale at end of period(1)            312(r)      308

     Price of units sold (thousands
         of dollars(2)
16   Median                                       169.0       165.0
17   Average                                      206.4       200.1

        EXISTING UNITS (one-family)

18   Number sold                                  5,113       5,190

     Price of units sold (thousands
         of dollars)(2)
19   Median                                       139.0       137.6
20   Average                                      176.2       176.0

                                                    Value of new
                                               construction (millions
                                                   of dollars)(3)

               CONSTRUCTION

21   Total put in place                         809,258     811,816

22   Private                                    624,613     629,820
23     Residential                              359,315     367,653
24     Nonresidential                           265,297     262,167
25       Industrial buildings                    40,406      39,814
26       Commercial buildings                   114,898     113,381
27       Other buildings                         45,486      45,540
28       Public utilities and other              64,507      63,432

29   Public                                     184,645     181,995
30     Military                                   2,255       2,246
31     Highway                                   52,461      51,966
32     Conservation and development               6,026       5,363
33     Other                                    123,904     122,420

                                                       2000
                   Item
                                                  June        July

                                                Private residential
                                                real estate activity
                                                (thousands of units
                                                  except as noted)

                 NEW UNITS

 1   Permits authorized                           1,528       1,511
 2     One-family                                 1,127       1,117
 3     Two-family or more                           401         394
 4   Started                                      1,571       1,527
 5     One-family                                 1,227       1,201
 6     Two-family or more                           344         326
 7   Under construction at end of period(1)       1,024       1,020
 8     One-family                                   696         691
 9     Two-family or more                           328         329
10   Completed                                    1,545       1,531
11     One-family                                 1,222       1,216
12     Two-family or more                           323         315
13   Mobile homes shipped                           262         251

     Merchant builder activity in
         one-family units
14   Number sold                                    827         914
15   Number for sale at end of period(1)            312         311

     Price of units sold (thousands
         of dollars(2)
16   Median                                       159.9       168.6
17   Average                                      197.7       202.4

        EXISTING UNITS (one-family)

18   Number sold                                  5,180       4,820

     Price of units sold (thousands
         of dollars)(2)
19   Median                                       140.2       143.3
20   Average                                      178.9       177.7

                                                    Value of new
                                               construction (millions
                                                   of dollars)(3)

               CONSTRUCTION

21   Total put in place                         798,860     793,036

22   Private                                    624,383     619,046
23     Residential                              363,756     355,196
24     Nonresidential                           260,627     263,850
25       Industrial buildings                    39,951      42,081
26       Commercial buildings                   112,834     112,114
27       Other buildings                         44,559      45,689
28       Public utilities and other              63,283    63,966

29   Public                                     174,477     173,990
30     Military                                   2,157       2,100
31     Highway                                   48,148      49,262
32     Conservation and development               5,832       4,875
33     Other                                    118,340     117,753

                                                       2000
                   Item
                                                  Aug.        Sept.

                                                Private residential
                                                real estate activity
                                                (thousands of units
                                                  except as noted)

                 NEW UNITS

 1   Permits authorized                           1,486       1,518
 2     One-family                                 1,140       1,157
 3     Two-family or more                           346         361
 4   Started                                      1,519       1,537
 5     One-family                                 1,229       1,226
 6     Two-family or more                           290         311
 7   Under construction at end of period(1)       1,016       1,009
 8     One-family                                   692         689
 9     Two-family or more                           324         320
10   Completed                                    1,612       1,559
11     One-family                                 1,266       1,215
12     Two-family or more                           346         344
13   Mobile homes shipped                           249         231

     Merchant builder activity in
         one-family units
14   Number sold                                    860         924
15   Number for sale at end of period(1)            313         309

     Price of units sold (thousands
         of dollars(2)
16   Median                                       165.0       171.5
17   Average                                      200.4       208.4

        EXISTING UNITS (one-family)

18   Number sold                                  5,240       5,160

     Price of units sold (thousands
         of dollars)(2)
19   Median                                      143.2       141.6
20   Average                                     183.0       178.6

                                                    Value of new
                                               construction (millions
                                                   of dollars)(3)

               CONSTRUCTION

21   Total put in place                         801,748     813,477

22   Private                                    616,918     625,317
23     Residential                              350,783     351,682
24     Nonresidential                           266,135     273,635
25       Industrial buildings                    41,552      40,872
26       Commercial buildings                   115,279     118,445
27       Other buildings                         46,779      46,689
28       Public utilities and other              62,525      67,629

29   Public                                     184,830     188,160
30     Military                                 2,331       2,418
31     Highway                                   52,694      53,183
32     Conservation and development               5,629       6,158
33     Other                                    124,176     126,401

                                                       2000
                   Item
                                                  Oct.        Nov.

                                                Private residential
                                                real estate activity
                                                (thousands of units
                                                  except as noted)

                 NEW UNITS

 1   Permits authorized                           1,546       1,598
 2     One-family                                 1,191       1,183
 3     Two-family or more                           355         415
 4   Started                                      1,529       1,564
 5     One-family                                 1,232       1,233
 6     Two-family or more                           297         331
 7   Under construction at end of period(1)       1,011       1,009
 8     One-family                                   691         686
 9     Two-family or more                           320         323
10   Completed                                    1,546       1,589
11     One-family                                 1,212       1,290
12     Two-family or more                           334         299
13   Mobile homes shipped                           213         196

     Merchant builder activity in
         one-family units
14   Number sold                                    940         890
15   Number for sale at end of period(1)            312         316

     Price of units sold (thousands
         of dollars(2)
16   Median                                       176.0       174.0
17   Average                                      215.0       210.9

        EXISTING UNITS (one-family)

18   Number sold                                  5,070       5,300

     Price of units sold (thousands
         of dollars)(2)
19   Median                                       138.6       139.5
20   Average                                      176.9       176.5

                                                    Value of new
                                               construction (millions
                                                   of dollars)(3)

               CONSTRUCTION

21   Total put in place                         803,893     808,948

22   Private                                    618,738     624,580
23     Residential                              348,076     348,998
24     Nonresidential                           270,662     275,582
25       Industrial buildings                    42,811      46,894
26       Commercial buildings                    45,895     116,224
27       Other buildings                         46,690      46,060
28       Public utilities and other              64,122      66,404

29   Public                                     185,155     184,368
30     Military                                   1,880       2,612
31     Highway                                   47,932      46,825
32     Conservation and development               6,989       5,603
33     Other                                    128,354     128,328

                                                 2000       2001
                   Item
                                                  Dec.       Jan.(r)

                                                Private residential
                                                real estate activity
                                                (thousands of units
                                                  except as noted)

                 NEW UNITS

 1   Permits authorized                           1,507       1,724
 2     One-family                                 1,158       1,287
 3     Two-family or more                           349         437
 4   Started                                      1,577       1,671
 5     One-family                                 1,298       1,351
 6     Two-family or more                           279         320
 7   Under construction at end of period(1)       1,005       1,021
 8     One-family                                   683         699
 9     Two-family or more                           322         322
10   Completed                                    1,578       1,460
11     One-family                                 1,265       1,136
12     Two-family or more                           313         324
13   Mobile homes shipped                           176         164

     Merchant builder activity in
         one-family units
14   Number sold                                  1,007(r)      968
15   Number for sale at end of period(1)            308(r)      308

     Price of units sold (thousands
         of dollars(2)
16   Median                                       161.1(r)    169.8
17   Average                                      208.4(r)    207.3

        EXISTING UNITS (one-family)

18   Number sold                                  4,940       5,200

     Price of units sold (thousands
         of dollars)(2)
19   Median                                       139.7       137.1
20   Average                                      178.5       175.8

                                                    Value of new
                                               construction (millions
                                                   of dollars)(3)

               CONSTRUCTION

21   Total put in place                         811,535     835,772

22   Private                                    625,141     643,319
23     Residential                              350,679     359,890
24     Nonresidential                           274,462     283,429
25       Industrial buildings                    40,716      46,549
26       Commercial buildings                   118,987     122,614
27       Other buildings                         44,974      47,094
28       Public utilities and other              69,785      67,172

29   Public                                     186,393     192,452
30     Military                                   2,097       2,264
31     Highway                                   48,073      50,746
32     Conservation and development               6,330       7,385
33     Other                                    129,893     132,057

                                                        2001
                   Item
                                                       Feb.

                                                Private residential
                                                real estate activity
                                                (thousands of units
                                                  except as noted)

                 NEW UNITS

 1   Permits authorized                                 1,675
 2     One-family                                       1,239
 3     Two-family or more                                 436
 4   Started                                            1,634
 5     One-family                                       1,297
 6     Two-family or more                                 337
 7   Under construction at end of period(1)             1,027
 8     One-family                                         705
 9     Two-family or more                                 322
10   Completed                                          1,546
11     One-family                                       1,210
12     Two-family or more                                 336
13   Mobile homes shipped                                 177

     Merchant builder activity in
         one-family units
14   Number sold                                          980
15   Number for sale at end of period(1)                  307

     Price of units sold (thousands
         of dollars(2)
16   Median                                             165.0
17   Average                                            210.1

        EXISTING UNITS (one-family)

18   Number sold                                        5,190

     Price of units sold (thousands
         of dollars)(2)
19   Median                                             138.6
20   Average                                            174.6

                                                    Value of new
                                               construction (millions
                                                   of dollars)(3)

               CONSTRUCTION

21   Total put in place                               843,063

22   Private                                          651,575
23     Residential                                    368,762
24     Nonresidential                                 282,813
25       Industrial buildings                          46,437
26       Commercial buildings                         122,454
27       Other buildings                               47,154
28       Public utilities and other                    66,768

29   Public                                           191,488
30     Military                                         2,204
31     Highway                                         52,120
32     Conservation and development                     7,665
33     Other                                          129,499

(1.) Not at annual rates.

(2.) Not seasonally adjusted.

(2.) Recent data on value of new construction may not be strictly
comparable with data for previous periods because of changes by the
Bureau of the Census in its estimating techniques. For a description of
these changes, see Construction Reports (C-30-76-5), issued by the
Census Bureau in July 1976.

SOURCE. Bureau of the Census estimates for all series except (1) mobile
homes, which are private, domestic shipments as reported by the
Manufactured Housing Institute and seasonally adjusted by the Census
Bureau, and (2) sales and prices of existing units, which are published
by the National Association of Realtors. All back and current figures
are available from the originating agency. Permit authorizations are
those reported to the Census Bureau from 19,000 jurisdictions beginning
in 1994.
2.15 CONSUMER AND PRODUCER PRICES

Percentage changes based on seasonally adjusted data except as noted

                                      Change from 12    Change
                                      months earlier    from 3
                                                        months
                                                        earlier
                                                        (annual
                                                        rate)

               Item                                      2000
                                        2000    2001
                                        Mar.    Mar.
                                                         June
        CONSUMER PRICES(2)
           (1982-84=100)

 1   All items                           3.8     2.9      2.4

 2   Food                                2.0     3.1      1.9
 3   Energy items                       24.2     6.0      5.6
 4   All items less food and energy      2.4     2.7      2.2
 5     Commodities                       1.0      .6      -.6
 6     Services                          3.1     3.5      3.4

          PRODUCER PRICES
            (1982=100)

 7   Finished goods                      4.3     3.1      2.3
 8     Consumer foods                    1.0     3.6      3.3
 9     Consumer energy                  27.7     9.7      6.5
10     Other consumer goods              1.6     1.6      1.3
11     Capital equipment                  .6      .9      1.5

     Intermediate materials
12   Excluding foods and feeds           6.3     2.3      3.1
13   Excluding energy                    3.2     1.0      2.7

     Crude materials
14   Foods                               2.6     7.4     -7.3
15   Energy                             69.4    37.6    163.6
16   Other                              16.2   -10.8    -11.9

                                            Change from 3
                                           months earlier
                                           (annual rate)

               Item                        2000          2001

                                       Sept.    Dec.     Mar.
        CONSUMER PRICES(2)
           (1982-84=100)

 1   All items                           3.3     2.3      4.0

 2   Food                                4.1     2.1      4.1
 3   Energy items                        7.9     3.8      6.0
 4   All items less food and energy      2.9     2.0      3.5
 5     Commodities                       1.7      .0      1.4
 6     Services                          3.2     3.2      4.2

          PRODUCER PRICES
            (1982=100)

 7   Finished goods                      2.0     2.9      4.9
 8     Consumer foods                   -1.2     2.4     10.6
 9     Consumer energy                   6.4    13.8     10.8
10     Other consumer goods              2.4      .3      2.9
11     Capital equipment                 1.7      .3       .0

     Intermediate materials
12   Excluding foods and feeds           3.1     1.2      1.8
13   Excluding energy                     .3     -.6      1.8

     Crude materials
14   Foods                              -8.2    36.0     15.2
15   Energy                             20.0    64.0    -31.0
16   Other                              -8.8   -10.2    -12.4

                                            Change from 1
                                            month earlier

               Item                         2000          2001

                                        Nov.      Dec.     Jan.
        CONSUMER PRICES(2)
           (1982-84=100)

 1   All items                            .2       .2        .6

 2   Food                                -.1       .5        .3
 3   Energy items                         .2       .3       3.9
 4   All items less food and energy       .3       .1        .3
 5     Commodities                        .2      -.1        .1
 6     Services                           .3       .2        .4

          PRODUCER PRICES
            (1982=100)

 7   Finished goods                       .1       .1(r)    1.1
 8     Consumer foods                     .2      -.4        .8
 9     Consumer energy                    .5(r)   1.2(r)    3.8
10     Other consumer goods               .1(r)   -.1(r)     .8
11     Capital equipment                  .1(r)    .1        .3

     Intermediate materials
12   Excluding foods and feeds           -.2       .2        .8
13   Excluding energy                    -.1      -.1(r)     .2

     Crude materials
14   Foods                               1.2(r)   3.5(r)    2.2
15   Energy                             -2.7(r)   9.8(r)   25.0
16   Other                              -2.1(r)    .1(r)     .5

                                      Change from 1
                                      month earlier

                                                        Index
               Item                                     level,
                                                         Mar.
                                                        2001(1)
                                        Feb.     Mar.
        CONSUMER PRICES(2)
           (1982-84=100)

 1   All items                            .3      .1    176.2

 2   Food                                 .5      .2    171.7
 3   Energy items                         .2    -2.1    129.5
 4   All items less food and energy       .3      .2    185.3
 5     Commodities                        .3     -.1    146.2
 6     Services                           .3      .3    207.7

          PRODUCER PRICES
            (1982=100)

 7   Finished goods                       .1     -.1    141.0
 8     Consumer foods                     .6     1.1    140.9
 9     Consumer energy                   1.4    -2.6     99.7
10     Other consumer goods              -.4      .3    156.1
11     Capital equipment                 -.3      .0    139.7

     Intermediate materials
12   Excluding foods and feeds           -.1     -.2    131.7
13   Excluding energy                     .1      .1    137.4

     Crude materials
14   Foods                              -1.6     3.0    108.9
15   Energy                            -23.3    -4.9    141.0
16   Other                              -2.5    -1.3    134.6

(1.) Not seasonally adjusted.

(2.) Figures for consumer prices are for all urban consumers and
reflect a rental-equivalence measure of homeownership.

SOURCE. U.S. Department of Labor, Bureau of Labor Statistics.
2.16 GROSS DOMESTIC PRODUCT AND INCOME

Billions of current dollars except as noted; quarterly data at
seasonally adjusted annual rates

                 Account                        1998         1999

          GROSS DOMESTIC PRODUCT

 1   Total                                     8,790.2      9,299.2

     By source
 2   Personal consumption expenditures         5,850.9      6,268.7
 3     Durable goods                             693.9        761.3
 4     Nondurable goods                        1,707.6      1,845.5
 5     Services                                3,449.3      3,661.9

 6   Gross private domestic investment         1,549.9      1,650.1
 7     Fixed investment                        1,472.9      1,606.8
 8       Nonresidential                        1,107.5      1,203.1
 9         Structures                            283.2        285.6
10         Producers' durable equipment          824.3        917.4
11       Residential structures                  365.4        403.8

12     Change in business inventories             77.0         43.3
13       Nonfarm                                  76.4         43.6

14   Net exports of goods and services          -151.5       -254.0
15     Exports                                   966.0      1,097.3
16     Imports                                 1,117.5      1,244.2

17   Government consumption
         expenditures and gross
         investment                            1,540.9      1,634.4
18     Federal                                   540.6        568.6
19     State and local                         1,000.3      1,065.8

     By major type of product
20   Final sales, total                        8,713.2      9,255.9
21     Goods                                   3,239.3      3,467.0
22       Durable                               1,532.3      1,651.1
23       Nondurable                            1,707.1      1,815.8
24     Services                                4,673.0      4,934.6
25     Structures                                800.9        854.3

26   Change in business inventories               77.0         43.3
27     Durable goods                              45.8         27.2
28     Nondurable goods                           31.2         16.1

     MEMO
29   Total GDP in chained 1996 dollars         8,515.7      8,875.8

             NATIONAL INCOME

30   Total                                     7,038.1      7,469.7

31   Compensation of employees                 4,984.2      5,299.8
32     Wages and salaries                      4,192.8      4,475.1
33       Government and government
            enterprises                          692.7        724.4
34       Other                                 3,500.1      3,750.7
35     Supplement to wages and salaries          791.4        824.6
36       Employer contributions for social
           insurance                             305.9        323.6
37       Other labor income                      485.5        501.0

38   Proprietors' income(1)                      620.7        663.5
39     Business and professional(1)              595.2        638.2
40     Farm(1)                                    25.4         25.3

41   Rental income of persons(2)                 135.4        143.4

42   Corporate profits(1)                        815.0        856.0
43     Profits before tax(3)                     758.2        823.0
44     Inventory valuation adjustment             17.0         -9.1
45     Capital consumption adjustment             39.9         42.1

46   Net interest                                482.7        507.1

                                                             1999
                 Account                        2000
                                                              Q4

          GROSS DOMESTIC PRODUCT

 1   Total                                     9,963.1      9,559.7

     By source
 2   Personal consumption expenditures         6,757.3      6,446.2
 3     Durable goods                             820.3        787.6
 4     Nondurable goods                        2,010.0      1,910.2
 5     Services                                3,927.0      3,748.5

 6   Gross private domestic investment         1,832.7      1,723.7
 7     Fixed investment                        1,778.2      1,651.0
 8       Nonresidential                        1,362.2      1,242.2
 9         Structures                            324.2        290.4
10         Producers' durable equipment        1,038.0        951.8
11       Residential structures                  416.0        408.8

12     Change in business inventories             54.5         72.7
13       Nonfarm                                  55.8         71.8

14   Net exports of goods and services          -370.7       -299.1
15     Exports                                 1,097.3      1,031.0
16     Imports                                 1,468.0      1,330.1

17   Government consumption
         expenditures and gross
         investment                            1,743.7      1,688.8
18     Federal                                   595.2        591.6
19     State and local                         1,148.6      1,097.3

     By major type of product
20   Final sales, total                        9,908.5      9,486.9
21     Goods                                   3,739.0      3,566.0
22       Durable                               1,806.7      1,701.8
23       Nondurable                            1,932.3      1,864.1
24     Services                                5,254.1      5,050.3
25     Structures                                915.6        870.7

26   Change in business inventories               54.5         72.7
27     Durable goods                              37.2         47.5
28     Nondurable goods                           17.3         25.2

     MEMO
29   Total GDP in chained 1996 dollars         9,318.5      9,084.1

             NATIONAL INCOME

30   Total                                     8,002.0      7,680.7

31   Compensation of employees                 5,638.2      5,421.1
32     Wages and salaries                      4,769.4      4,583.5
33       Government and government
            enterprises                        7,611.9        734.5
34       Other                                 4,008.5      3,849.0
35     Supplement to wages and salaries          868.8        837.7
36       Employer contributions for social
           insurance                             344.8        330.3
37       Other labor income                      524.0        507.4

38   Proprietors' income(1)                      710.4        689.6
39     Business and professional(1)              687.8        657.9
40     Farm(1)                                    22.6         31.7

41   Rental income of persons(2)                 140.0        146.2

42   Corporate profits(1)                        946.2        893.2
43     Profits before tax(3)                     925.6        870.7
44     Inventory valuation adjustment            -12.9        -19.2
45     Capital consumption adjustment             33.5         41.6

46   Net interest                                567.2        530.6

                                                      2000
                 Account
                                                 Q1           Q2

          GROSS DOMESTIC PRODUCT

 1   Total                                     9,752.7      9,945.7

     By source
 2   Personal consumption expenditures         6,621.7      6,706.3
 3     Durable goods                             826.3        814.3
 4     Nondurable goods                        1,963.9      1,997.6
 5     Services                                3,831.6      3,894.4

 6   Gross private domestic investment         1,755.7      1,852.6
 7     Fixed investment                        1,725.8      1,780.5
 8       Nonresidential                        1,308.5      1,359.2
 9         Structures                            308.9        315.1
10         Producers' durable equipment          999.6      1,044.1
11       Residential structures                  417.3        421.3

12     Change in business inventories             29.9         72.0
13       Nonfarm                                  32.4         72.2

14   Net exports of goods and services          -335.2       -355.4
15     Exports                                 1,051.9      1,092.9
16     Imports                                 1,387.1      1,448.3

17   Government consumption
         expenditures and gross
         investment                            1,710.4      1,742.2
18     Federal                                   580.1        604.5
19     State and local                         1,130.4      1,137.7

     By major type of product
20   Final sales, total                        9,722.8      9,873.7
21     Goods                                   3,680.3      3,734.1
22       Durable                               1,773.7      1,809.6
23       Nondurable                            1,906.6      1,924.5
24     Services                                5,135.2      5,231.4
25     Structures                                907.4        908.2

26   Change in business inventories               29.9         72.0
27     Durable goods                              20.7         48.3
28     Nondurable goods                            9.2         23.7

     MEMO
29   Total GDP in chained 1996 dollars         9,191.8      9,318.9

             NATIONAL INCOME

30   Total                                     7,833.5      7,983.2

31   Compensation of employees                 5,512.2      5,603.5
32     Wages and salaries                      4,660.4      4,740.1
33       Government and government
            enterprises                          749.9        760.2
34       Other                                 3,910.5      3,980.0
35     Supplement to wages and salaries          851.8        863.3
36       Employer contributions for social
           insurance                             337.8        342.9
37       Other labor income                      514.0        520.5

38   Proprietors' income(1)                      693.9        709.5
39     Business and professional(1)              674.8        688.1
40     Farm(1)                                    19.1         21.5

41   Rental income of persons(2)                 145.6        140.8

42   Corporate profits(1)                        936.3        963.6
43     Profits before tax(3)                     920.7        942.5
44     Inventory valuation adjustment            -25.0        -13.6
45     Capital consumption adjustment             40.6         34.7

46   Net interest                                545.4        565.9

                                                      2000
                 Account
                                                 Q3           Q4

          GROSS DOMESTIC PRODUCT

 1   Total                                    10,039.4     10,114.4

     By source
 2   Personal consumption expenditures         6,810.8      6,890.2
 3     Durable goods                             824.7        815.8
 4     Nondurable goods                        2,031.5      2,046.9
 5     Services                                3,954.6      4,027.5

 6   Gross private domestic investment         1,869.3      1,853.3
 7     Fixed investment                        1,803.0      1,803.5
 8       Nonresidential                        1,390.6      1,390.4
 9         Structures                            330.1        342.8
10         Producers' durable equipment        1,060.5      1,047.6
11       Residential structures                  412.4        413.1

12     Change in business inventories             66.4         49.8
13       Nonfarm                                  67.5         51.0

14   Net exports of goods and services          -389.5       -402.7
15     Exports                                 1,130.8      1,113.7
16     Imports                                 1,520.3      1,516.4

17   Government consumption
         expenditures and gross
         investment                            1,748.8      1,773.6
18     Federal                                   594.2        602.0
19     State and local                         1,154.6      1,171.6

     By major type of product
20   Final sales, total                        9,973.1     10,064.6
21     Goods                                   3,776.5      3,764.9
22       Durable                               1,830.6      1,812.7
23       Nondurable                            1,945.9      1,952.2
24     Services                                5,281.6      5,368.0
25     Structures                                915.0        931.7

26   Change in business inventories               66.4         49.8
27     Durable goods                              39.2         40.7
28     Nondurable goods                           27.2          9.0

     MEMO
29   Total GDP in chained 1996 dollars         9,369.5      9,393.7

             NATIONAL INCOME

30   Total                                     8,088.5      8,102.8

31   Compensation of employees                 5,679.6      5,757.5
32     Wages and salaries                      4,804.9      4,872.0
33       Government and government
            enterprises                          765.4        768.2
34       Other                                 4,039.5      4,103.9
35     Supplement to wages and salaries          874.7        885.5
36       Employer contributions for social
           insurance                             347.1        351.5
37       Other labor income                      527.6        534.0

38   Proprietors' income(1)                      724.8        713.2
39     Business and professional(1)              693.1        695.2
40     Farm(1)                                    31.7         18.0

41   Rental income of persons(2)                 138.1        135.4

42   Corporate profits(1)                        970.3        914.7
43     Profits before tax(3)                     945.1        894.1
44     Inventory valuation adjustment             -4.5         -8.5
45     Capital consumption adjustment             29.7         29.1

46   Net interest                                575.7        582.0

(1.) With inventory valuation and capital consumption adjustments.

(2.) With capital consumption adjustment.

(3.) For after-tax profits, dividends, and the like, see table 1.48.

SOURCE. U.S. Department of Commerce, Survey of Current Business.
2.17 PERSONAL INCOME AND SAVING

Billions of current dollars except as noted; quarterly data at
seasonally adjusted annual rates

                     Account                          1998       1999

           PERSONAL INCOME AND SAVING

1    Total personal income                           7,391.0    7,789.6
2    Wage and salary disbursements                   4,190.7    4,470.0
3      Commodity-producing industries                1,038.6    1,089.2
4        Manufacturing                                 756.6      782.4
5      Distributive industries                         949.1    1,020.3
6      Service industries                            1,510.3    1,636.0
7      Government and government enterprises           692.7      724.4

8    Other labor income                                485.5      501.0
9    Proprietors' income(1)                            620.7      663.5
10     Business and professional(1)                    595.2      638.2
11     Farm(1)                                          25.4       25.3
12   Rental income of persons(2)                       135.4      143.4
13   Dividends                                         351.1      370.3
14   Personal interest income                          940.8      963.7
15   Transfer payments                                 983.0    1,016.2
16     Old-age survivors, disability, and health
           insurance benefits                          578.0      588.0

17     LESS: Personal contributions for social
           insurance                                   316.2      338.5

18   EQUALS: Personal income                         7,391.0    7,789.6

19     LESS: Personal tax and nontax payments        1,070.9    1,152.0

20   EQUALS: Disposable personal income              6,320.0    6,637.7

21     LESS: Personal outlays                        6,054.7    6,490.1

22   EQUALS: Personal saving                           265.4      147.6

     MEMO
     Per capita (chained 1996 dollars)
23   Gross domestic product                         31,474.2   32,511.9
24   Personal consumption expenditures              20,988.5   21,900.4
25   Disposable personal income                     22,672.0   23,191.0

26   Saving rate (percent)                               4.2        2.2

                  GROSS SAVING

27   Gross saving                                    1,654.4    1,717.6

28   Gross private saving                            1,375.7    1,343.5

29   Personal saving                                   265.4      147.6
30   Undistributed corporate profits(1)                218.9      229.4
31   Corporate inventory valuation adjustment           17.0       -9.1

     Capital consumption allowances
32   Corporate                                         624.3      676.9
33   Noncorporate                                      265.1      284.5

34   Gross government saving                           278.7      374.1
35     Federal                                         137.4      217.3
36       Consumption of fixed capital                   88.4       92.8
37       Current surplus or deficit (-), national
             accounts                                   49.0      124.4
38   State and local                                   141.3      156.8
39       Consumption of fixed capital                   99.5      106.8
40       Current surplus or deficit (-), national
             accounts                                   41.7       50.0

41   Gross investment                                1,629.6    1,645.6

42   Gross private domestic investment               1,549.9    1,650.1
43   Gross government investment                       278.8      308.7
44   Net foreign investment                           -199.1     -313.2

45   Statistical discrepancy                           -24.8      -71.9

                     Account                          2000       1999

                                                                  Q4

           PERSONAL INCOME AND SAVING

1    Total personal income                           8,281.7    7,972.3
2    Wage and salary disbursements                   4,769.4    4,578.3
3      Commodity-producing industries                1,153.2    1,111.2
4        Manufacturing                                 815.9      795.1
5      Distributive industries                       1,107.3    1,049.4
6      Service industries                            1,748.0    1,683.2
7      Government and government enterprises           760.9      734.5

8    Other labor income                                524.0      507.4
9    Proprietors' income(1)                            710.4      689.6
10     Business and professional(1)                    687.8      657.9
11     Farm(1)                                          22.6       31.7
12   Rental income of persons(2)                       140.0      146.2
13   Dividends                                         396.6      380.2
14   Personal interest income                        1,034.3      989.0
15   Transfer payments                               1,067.8    1,027.4
16     Old-age survivors, disability, and health
           insurance benefits                          622.4      592.8

17     LESS: Personal contributions for social
           insurance                                   360.7      345.9

18   EQUALS: Personal income                         8,281.7    7,972.3

19     LESS: Personal tax and nontax payments        1,291.9    1,197.3

20   EQUALS: Disposable personal income              6,989.8    6,775.0

21     LESS: Personal outlays                        6,998.3    6,674.1

22   EQUALS: Personal saving                            -8.5      101.0

     MEMO
     Per capita (chained 1996 dollars)
23   Gross domestic product                         33,836.1   33,153.5
24   Personal consumption expenditures              22,855.1   22,266.4
25   Disposable personal income                     23,640.0   23,404.0

26   Saving rate (percent)                               -.1        1.5

                  GROSS SAVING

27   Gross saving                                    1,825.1    1,746.3

28   Gross private saving                            1,297.1    1,331.4

29   Personal saving                                    -8.5      101.0
30   Undistributed corporate profits(1)                265.0      241.7
31   Corporate inventory valuation adjustment          -12.9      -19.2

     Capital consumption allowances
32   Corporate                                         739.4      694.8
33   Noncorporate                                      301.1      288.7

34   Gross government saving                           528.0      414.9
35     Federal                                         351.6      238.4
36       Consumption of fixed capital                   99.8       95.0
37       Current surplus or deficit (-), national
             accounts                                  251.8      143.3
38   State and local                                   176.4      176.6
39       Consumption of fixed capital                  116.8      109.9
40       Current surplus or deficit (-), national
             accounts                                   59.6       66.6

41   Gross investment                                1,741.3    1,678.5

42   Gross private domestic investment               1,832.7    1,723.7
43   Gross government investment                       336.6      324.4
44   Net foreign investment                           -427.9     -369.6

45   Statistical discrepancy                           -83.7      -67.8

                     Account                                2000

                                                       Q1         Q2

           PERSONAL INCOME AND SAVING

1    Total personal income                           8,105.8    8,242.1
2    Wage and salary disbursements                   4,660.4    4,740.1
3      Commodity-producing industries                1,130.9    1,147.1
4        Manufacturing                                 802.8      813.1
5      Distributive industries                       1,070.9    1,095.7
6      Service industries                            1,708.6    1,737.2
7      Government and government enterprises           749.9      760.2

8    Other labor income                                514.0      520.5
9    Proprietors' income(1)                            693.9      709.5
10     Business and professional(1)                    674.8      688.1
11     Farm(1)                                          19.1       21.5
12   Rental income of persons(2)                       145.6      140.8
13   Dividends                                         386.9      392.6
14   Personal interest income                        1,011.6    1,031.3
15   Transfer payments                               1,046.9    1,066.1
16     Old-age survivors, disability, and health
           insurance benefits                          607.9      624.3

17     LESS: Personal contributions for social
           insurance                                   353.4      358.8

18   EQUALS: Personal income                         8,105.8    8,242.1

19     LESS: Personal tax and nontax payments        1,239.3    1,277.2

20   EQUALS: Disposable personal income              6,866.5    6,964.9

21     LESS: Personal outlays                        6,855.6    6,944.3

22   EQUALS: Personal saving                            11.0       20.6

     MEMO
     Per capita (chained 1996 dollars)
23   Gross domestic product                         33,485.6   33,874.7
24   Personal consumption expenditures              22,635.5   22,757.7
25   Disposable personal income                     23,472.0   23,639.0

26   Saving rate (percent)                                .2         .3

                  GROSS SAVING

27   Gross saving                                    1,777.0    1,844.5

28   Gross private saving                            1,279.2    1,328.8

29   Personal saving                                    11.0       20.6
30   Undistributed corporate profits(1)                262.7      278.5
31   Corporate inventory valuation adjustment          -25.0      -13.6

     Capital consumption allowances
32   Corporate                                         711.5      731.1
33   Noncorporate                                      294.1      298.7

34   Gross government saving                           497.7      515.7
35     Federal                                         333.0      339.9
36       Consumption of fixed capital                   97.2       98.9
37       Current surplus or deficit (-), national
             accounts                                  235.8      240.9
38   State and local                                   164.7      175.8
39       Consumption of fixed capital                  112.7      115.6
40       Current surplus or deficit (-), national
             accounts                                   52.0       60.1

41   Gross investment                                1,699.3    1,771.9

42   Gross private domestic investment               1,755.7    1,852.6
43   Gross government investment                       334.2      331.9
44   Net foreign investment                           -390.7     -412.5

45   Statistical discrepancy                           -77.7      -72.5

                     Account                                2000

                                                       Q3         Q4

           PERSONAL INCOME AND SAVING

1    Total personal income                           8,349.0    8,429.7
2    Wage and salary disbursements                   4,804.9    4,872.0
3      Commodity-producing industries                1,161.4    1,173.3
4        Manufacturing                                 821.4      826.4
5      Distributive industries                       1,118.1    1,144.4
6      Service industries                            1,760.1    1,786.2
7      Government and government enterprises           765.4      768.2

8    Other labor income                                527.6      534.0
9    Proprietors' income(1)                            724.8      713.2
10     Business and professional(1)                    693.1      695.2
11     Farm(1)                                          31.7       18.0
12   Rental income of persons(2)                       138.1      135.4
13   Dividends                                         399.7      407.2
14   Personal interest income                        1,042.9    1,051.5
15   Transfer payments                               1,074.2    1,084.0
16     Old-age survivors, disability, and health
           insurance benefits                          627.2      630.4

17     LESS: Personal contributions for social
           insurance                                   363.1      367.6

18   EQUALS: Personal income                         8,349.0    8,429.7

19     LESS: Personal tax and nontax payments        1,308.1    1,342.7

20   EQUALS: Disposable personal income              7,040.9    7,087.0

21     LESS: Personal outlays                        7,054.7    7,138.6

22   EQUALS: Personal saving                           -13.8      -51.6

     MEMO
     Per capita (chained 1996 dollars)
23   Gross domestic product                         33,984.3   33,985.9
24   Personal consumption expenditures              22,959.1   23,058.3
25   Disposable personal income                     23,732.0   23,718.0

26   Saving rate (percent)                               -.2        -.7

                  GROSS SAVING

27   Gross saving                                    1,854.7    1,824.2

28   Gross private saving                            1,319.2    1,261.2

29   Personal saving                                   -13.8      -51.6
30   Undistributed corporate profits(1)                279.6      239.4
31   Corporate inventory valuation adjustment           -4.5       -8.5

     Capital consumption allowances
32   Corporate                                         750.0      765.2
33   Noncorporate                                      303.3      308.2

34   Gross government saving                           535.5      563.0
35     Federal                                         354.1      379.3
36       Consumption of fixed capital                  100.8      102.3
37       Current surplus or deficit (-), national
             accounts                                  253.3      277.0
38   State and local                                   181.4      183.7
39       Consumption of fixed capital                  118.2      120.6
40       Current surplus or deficit (-), national
             accounts                                   63.2       63.1

41   Gross investment                                1,752.8    1,741.3

42   Gross private domestic investment               1,869.3    1,853.3
43   Gross government investment                       333.6      346.5
44   Net foreign investment                           -450.1     -458.5

45   Statistical discrepancy                          -101.8      -82.9

(1.) With inventory valuation and capital consumption adjustments.

(2.) With capital consumption adjustment.

SOURCE. U.S. Department of Commerce Survey of Current Business.
3.10 U.S. INTERNATIONAL TRANSACTIONS Summary

Millions of dollars; quarterly data seasonally adjusted except as
noted(1)

         Item credits or debits                1998         1999

 1   Balance on current account              -217,138     -331,479
 2     Balance on goods and services         -166,898     -264,971
 3       Exports                              932,977      956,242
 4       Imports                           -1,099,875   -1,221,213
 5     Income, net                             -6,211      -18,483
 6       Investment, net                       -1,036      -13,102
 7         Direct                              67,728       62,704
 8         Portfolio                          -68,764      -75,806
 9       Compensation of employees             -5,175       -5,381
10     Unilateral current transfers, net      -44,029      -48,025

11   Change in U.S. government assets
         other than official reserve
         assets, net (increase, -)               -422        2,751

12   Change in U.S. official reserve
         assets (increase, -)                  -6,783        8,747
13     Gold                                         0            0
14     Special drawing rights (SDRs)             -147           10
15      Reserve position in
          International Monetary Fund          -5,119        5,484
16      Foreign currencies                     -1,517        3,253

17   Change in U.S. private assets
         abroad (increase, -)                -328,231     -441,685
18     Bank-reported claims(2)                -35,572      -69,862
19     Nonbank-reported claims                -10,612      -92,328
20     U.S. purchases of foreign
          securities, net                    -135,995     -128,594
21     U.S. direct investments
          abroad, net                        -146,052     -150,901

22   Change in foreign official assets
         in United States (increase, +)       -20,127       42,864
23     U.S. Treasury securities                -9,921       12,177
24     Other U.S. government obligations        6,332       20,350
25     Other U.S. government
         liabilities(2)                        -3,550       -3,255
26     Other U.S. liabilities
         reported by U.S. banks(2)             -9,501       12,692
27     Other foreign official assets(3)        -3,487          900

28   Change in foreign private assets
         in United States (increase, +)       502,362      710,700
29     U.S. bank-reported liabilities(4)       39,769       67,403
30     U.S. nonbank-reported liabilities       -7,001       34,298
31     Foreign private purchases of
         U.S. Treasury securities, net         48,581      -20,464
32     U.S. currency flows                     16,622       22,407
33     Foreign purchases of other U.S.
         securities, net                      218,075      331,523
34     Foreign direct investments in
         United States, net                   186,316      275,533

35   Capital account transactions,
       net(5)                                     637       -3,500
36   Discrepancy                               69,702       11,602
37     Due to seasonal adjustment             ...          ...
38     Before seasonal adjustment              69,702       11,602

     MEMO
     Changes in official assets
39   U.S. official reserve assets
           (increase, -)                       -6,783        8,747
40   Foreign official assets in United
           States, excluding line 25
           (increase, +)                      -16,577       46,119
41   Change in Organization of
           Petroleum Exporting
           Countries official assets in
           United States (part of
           line 22)                           -11,531        1,331

                                                           1999
         Item credits or debits                2000
                                                             Q4

 1   Balance on current account              -435,377      -96,223
 2     Balance on goods and services         -368,480      -76,280
 3       Exports                            1,069,531      249,653
 4       Imports                           -1,438,011     -325,933
 5     Income, net                            -13,656       -5,683
 6       Investment, net                       -8,142       -4,319
 7         Direct                              83,776       16,275
 8         Portfolio                          -91,918      -20,594
 9       Compensation of employees             -5,514       -1,364
10     Unilateral current transfers, net      -53,241      -14,260

11   Change in U.S. government assets
         other than official reserve
         assets, net (increase, -)               -715        3,711

12   Change in U.S. official reserve
         assets (increase, -)                    -290        1,569
13     Gold                                         0            0
14     Special drawing rights (SDRs)             -722         -178
15      Reserve position in
          International Monetary Fund           2,308        1,800
16      Foreign currencies                     -1,876          -53

17   Change in U.S. private assets
         abroad (increase, -)                -552,344     -120,162
18     Bank-reported claims(2)               -110,173      -45,304
19     Nonbank-reported claims               -156,988      -24,428
20     U.S. purchases of foreign
          securities, net                    -123,606      -17,150
21     U.S. direct investments
          abroad, net                        -161,577      -33,280

22   Change in foreign official assets
         in United States (increase, +)        35,909       27,495
23     U.S. Treasury securities               -11,377        5,122
24     Other U.S. government obligations       40,909        6,730
25     Other U.S. government
         liabilities(2)                        -2,540           89
26     Other U.S. liabilities
         reported by U.S. banks(2)              5,790       14,427
27     Other foreign official assets(3)         3,127        1,127

28   Change in foreign private assets
         in United States (increase, +)       916,521      157,072
29     U.S. bank-reported liabilities(4)       79,485       19,618
30     U.S. nonbank-reported liabilities      105,728          792
31     Foreign private purchases of
         U.S. Treasury securities, net        -52,206      -17,191
32     U.S. currency flows                      1,129       12,213
33     Foreign purchases of other U.S.
         securities, net                      465,858       92,250
34     Foreign direct investments in
         United States, net                   316,527       49,390

35   Capital account transactions,
       net(5)                                     680       -3,993
36   Discrepancy                               35,616       30,531
37     Due to seasonal adjustment             ...            5,738
38     Before seasonal adjustment              35,616       24,793

     MEMO
     Changes in official assets
39   U.S. official reserve assets
           (increase, -)                         -290        1,569
40   Foreign official assets in United
           States, excluding line 25
           (increase, +)                       38,449       27,406
41   Change in Organization of
           Petroleum Exporting
           Countries official assets in
           United States (part of
           line 22)                            11,989       -1,673

                                                     2000
         Item credits or debits
                                                Q1           Q2

 1   Balance on current account              -101,768     -105,239
 2     Balance on goods and services          -85,260      -88,745
 3       Exports                              255,936      265,925
 4       Imports                             -341,196     -354,670
 5     Income, net                             -4,421       -4,160
 6       Investment, net                       -3,050       -2,769
 7         Direct                              17,026       18,973
 8         Portfolio                          -20,076      -21,742
 9       Compensation of employees             -1,371       -1,391
10     Unilateral current transfers, net      -12,087      -12,334

11   Change in U.S. government assets
         other than official reserve
         assets, net (increase, -)               -131         -574

12   Change in U.S. official reserve
         assets (increase, -)                    -554        2,020
13     Gold                                         0            0
14     Special drawing rights (SDRs)             -180         -180
15      Reserve position in
          International Monetary Fund            -237        2,328
16      Foreign currencies                       -137         -128

17   Change in U.S. private assets
         abroad (increase, -)                -178,262      -93,859
18     Bank-reported claims(2)                -55,511       18,320
19     Nonbank-reported claims                -52,563      -36,507
20     U.S. purchases of foreign
          securities, net                     -27,236      -38,196
21     U.S. direct investments
          abroad, net                         -42,952      -37,476

22   Change in foreign official assets
         in United States (increase, +)        22,015        6,346
23     U.S. Treasury securities                16,198       -4,000
24     Other U.S. government obligations        8,107       10,334
25     Other U.S. government
         liabilities(2)                          -644         -781
26     Other U.S. liabilities
         reported by U.S. banks(2)             -2,577         -111
27     Other foreign official assets(3)           931          904

28   Change in foreign private assets
         in United States (increase, +)       214,623      238,906
29     U.S. bank-reported liabilities(4)       -8,824       46,943
30     U.S. nonbank-reported liabilities       58,061       24,038
31     Foreign private purchases of
         U.S. Treasury securities, net         -9,248      -20,597
32     U.S. currency flows                     -6,847          989
33     Foreign purchases of other U.S.
         securities, net                      132,416       87,107
34     Foreign direct investments in
         United States, net                    49,065      100,426

35   Capital account transactions,
       net(5)                                     166          170
36   Discrepancy                               43,911      -47,770
37     Due to seasonal adjustment               5,873       -2,361
38     Before seasonal adjustment             38,038       -45,409

     MEMO
     Changes in official assets
39   U.S. official reserve assets
           (increase, -)                         -554        2,020
40   Foreign official assets in United
           States, excluding line 25
           (increase, +)                       22,659        7,127
41   Change in Organization of
           Petroleum Exporting
           Countries official assets in
           United States (part of
           line 22)                             6,109        1,913

                                                    2000
         Item credits or debits
                                                Q3           Q4

 1   Balance on current account              -113,110     -115,266
 2     Balance on goods and services          -95,630      -98,853
 3       Exports                              275,411      272,256
 4       Imports                             -371,041     -371,109
 5     Income, net                             -4,531         -541
 6       Investment, net                       -3,184          864
 7         Direct                              21,537       26,241
 8         Portfolio                          -24,721      -25,377
 9       Compensation of employees             -1,347       -1,405
10     Unilateral current transfers, net      -12,949      -15,872

11   Change in U.S. government assets
         other than official reserve
         assets, net (increase, -)                114         -124

12   Change in U.S. official reserve
         assets (increase, -)                    -346       -1,410
13     Gold                                         0            0
14     Special drawing rights (SDRs)             -182         -180
15      Reserve position in
          International Monetary Fund           1,300       -1,083
16      Foreign currencies                     -1,464         -147

17   Change in U.S. private assets
         abroad (increase, -)                 -93,188     -187,032
18     Bank-reported claims(2)                 -5,964      -67,018
19     Nonbank-reported claims                -17,807      -50,111
20     U.S. purchases of foreign
          securities, net                     -33,242      -24,932
21     U.S. direct investments
          abroad, net                         -36,175      -44,971

22   Change in foreign official assets
         in United States (increase, +)        11,901       -4,353
23     U.S. Treasury securities                -9,001      -14,574
24     Other U.S. government obligations       14,272        8,196
25     Other U.S. government
         liabilities(2)                          -620         -495
26     Other U.S. liabilities
         reported by U.S. banks(2)              6,938        1,540
27     Other foreign official assets(3)           312          980

28   Change in foreign private assets
         in United States (increase, +)       183,424      279,564
29     U.S. bank-reported liabilities(4)       -1,394       42,760
30     U.S. nonbank-reported liabilities        1,506       22,123
31     Foreign private purchases of
         U.S. Treasury securities, net        -12,513       -9,848
32     U.S. currency flows                        757        6,230
33     Foreign purchases of other U.S.
         securities, net                      122,387      123,948
34     Foreign direct investments in
         United States, net                    72,681       94,351

35   Capital account transactions,
       net(5)                                     167          177
36   Discrepancy                               11,038       28,444
37     Due to seasonal adjustment              -9,215        5,710
38     Before seasonal adjustment              20,253       22,734

     MEMO
     Changes in official assets
39   U.S. official reserve assets
           (increase, -)                         -346       -1,410
40   Foreign official assets in United
           States, excluding line 25
           (increase, +)                       12,521       -3,858
41   Change in Organization of
           Petroleum Exporting
           Countries official assets in
           United States (part of
           line 22)                             3,803          164

(1.) Seasonal factors are not calculated for lines 11-16, 18-20, 22-35,
and 38-41.

(2.) Associated primarily with military sales contracts and other
transactions arranged with or through foreign official agencies.

(3.) Consists of investments in U.S. corporate stocks and in debt
securities of private corporations and state and local governments.

(4.) Reporting banks included all types of depository institutions as
well as some brokers and dealers.

(5.) Consists of capital transfers (such as those of accompanying
migrants entering or leaving the country and debt forgiveness) and the
acquisition and disposal of nonproduced nonfinancial assets.

SOURCE. U.S. Department of Commerce, Bureau of Economic Analysis,
Survey of Current Business.
3.11 U.S. FOREIGN TRADE(1)

Millions of dollars; monthly data seasonally adjusted

              Item                   1998         1999         2000

1   Goods and services, balance     -166,897     -264,971     -368,865
2   Merchandise                     -246,853     -345,559     -449,853
3   Services                          79,956       80,588       80,988

4   Goods and services, exports      932,977      956,242    1,068,741
5   Merchandise                      670,324      684,358      772,514
6   Services                         262,653      271,884      296,227

7   Goods and services, imports   -1,099,875   -1,221,213   -1,437,606
8   Merchandise                     -917,178   -1,029,917   -1,222,367
9   Services                        -182,697     -191,296     -215,239

              Item                                2000

                                       Aug.        Sept.         Oct.

1   Goods and services, balance      -29,951      -33,546      -33,168
2   Merchandise                      -36,750      -39,395      -39,954
3   Services                           6,799        5,849        6,786

4   Goods and services, exports       92,883       92,793       91,425
5   Merchandise                       67,952       67,815       66,325
6   Services                          24,931       24,978       25,100

7   Goods and services, imports     -122,834     -126,339     -124,593
8   Merchandise                     -104,702     -107,210     -106,279
9   Services                         -18,132      -19,129      -18,314

              Item                          2000               2001

                                       Nov.         Dec.      Jan.(r)

1   Goods and services, balance      -32,875      -33,199      -33,251
2   Merchandise                      -39,124      -39,569      -39,490
3   Services                           6,249        6,370        6,239

4   Goods and services, exports       90,825       89,201       89,580
5   Merchandise                       65,850       64,114       64,578
6   Services                          24,975       25,087       25,002

7   Goods and services, imports     -123,700     -122,400     -122,831
8   Merchandise                     -104,974     -103,683     -104,068
9   Services                         -18,726      -18,717      -18,763

              Item                   2001

                                    Feb.(p)

1   Goods and services, balance      -26,987
2   Merchandise                      -33,354
3   Services                           6,367

4   Goods and services, exports       90,458
5   Merchandise                       65,243
6   Services                          25,215

7   Goods and services, imports     -117,445
8   Merchandise                      -98,597
9   Services                         -18,848

(1.) Data show monthly values consistent with quarterly figures in the
U.S. balance of payments accounts.

SOURCE. FT900, U.S. Department of Commerce, Bureau of the Census and
Bureau of Economic Analysis.
3.12 U.S. RESERVE ASSETS

Millions of dollars, end of period

                Asset                    1997     1998     1999

1   Total                               69,954   81,761   71,516

2   Gold stock(1)                       11,047   11,046   11,048
3   Special drawing rights(2,3)         10,027   10,603   10,336
4   Reserve position in International
        Monetary Fund(2)                18,071   24,111   17,950
5   Foreign currencies(4)               30,809   36,001   32,182

                Asset                             2000

                                        Sept.     Oct.     Nov.

1   Total                               66,256   65,257   65,523

2   Gold stock(1)                       11,046   11,046   11,046
3   Special drawing rights(2,3)         10,316   10,169   10,369
4   Reserve position in International
        Monetary Fund(2)                13,685   13,528   13,491
5   Foreign currencies(4)               31,209   30,514   30,617

                Asset                    2000          2001

                                         Dec.     Jan.     Feb.

1   Total                               67,647   67,542   66,486

2   Gold stock(1)                       11,046   11,046   11,046
3   Special drawing rights(2,3)         10,539   10,497   10,641
4   Reserve position in International
        Monetary Fund(2)                14,824   15,079   14,107
5   Foreign currencies(4)               31,238   30,920   30,692

                Asset                         2001

                                        Mar.     Apr.(p)

1   Total                               64,222   64,731

2   Gold stock(1)                       11,046   11,046
3   Special drawing rights(2,3)         10,379   10,420
4   Reserve position in International
        Monetary Fund(2)                13,777   13,816
5   Foreign currencies(4)               29,020   29,449

(1.) Gold held "under earmark" at Federal Reserve Banks for foreign and
international accounts is not included in the gold stock of the United
States; see table 3.13, line 3. Gold stock is valued at $42.22 per fine
troy ounce.

(2.) Special drawing rights (SDRs) are valued according to a technique
adopted by the International Monetary Fund (IMF) in July 1974. Values
are based on a weighted average of exchange rates for the currencies of
member countries. From July 1974 through December 1980, sixteen
currencies were used; since January 1981, five currencies have been
used. U.S. SDR holdings and reserve positions in the IMF also have been
valued on this basis since July 1974.

(3.) Includes allocations of SDRs by the International Monetary Fund on
Jan. 1 of the year indicated, as follows: 1970--$867 million;
1971--$717 million; 1972--$710 million; 1979--$1,139 million;
1980--$1,152 million; 1981--$1,093 million; plus net transactions
in SDRs.

(4.) Valued at current market exchange rates.
3.13 FOREIGN OFFICIAL ASSETS HELD AT FEDERAL RESERVE BANKS(1)

Millions of dollars, end of period

             Asset                 1997      1998      1999

1   Deposits                          457       167        71

    Held in custody
2   U.S. Treasury securities(2)   620,885   607,574   632,482
3   Earmarked gold(3)              10,763    10,343     9,933

             Asset                           2000

                                   Sept.     Oct.      Nov.

1   Deposits                          139       115       104

    Held in custody
2   U.S. Treasury securities(2)   611,641   595,591   591,071
3   Earmarked gold(3)               9,620     9,565     9,505

             Asset                 2000            2001

                                   Dec.      Jan.      Feb.

1   Deposits                          215       199       196

    Held in custody
2   U.S. Treasury securities(2)   594,094   594,694   603,906
3   Earmarked gold(3)               9,451     9,397     9,343

             Asset                       2001

                                   Mar.     Apr.(p)

1   Deposits                           70       101

    Held in custody
2   U.S. Treasury securities(2)   609,440   585,710
3   Earmarked gold(3)               9,289     9,235

(1.) Excludes deposits and U.S. Treasury securities held for
international and regional organizations.

(2.) Marketable U.S. Treasury bills, notes, and bonds and
nonmarketable U.S. Treasury securities, in each case measured at face
(not market) value.

(3.) Held in foreign and international accounts and valued at $42.22
per fine troy ounce; not included in the gold stock of the United
States.
3.15 SELECTED U.S. LIABILITIES TO FOREIGN OFFICIAL INSTITUTIONS
Millions of dollars, end of period

                    Item                       1998     1999     2000
                                                                 Aug.

1    Total(1)                                 759,928  806,318  850,445

     By type
2    Liabilities reported by banks in
         the United States(2)                 125,883  138,847  138,259
3    U.S. Treasury bills and certificates(3)  134,177  156,177  159,781
     U.S. Treasury bonds and notes
4      Marketable                             432,127  422,266  433,639
5      Nonmarketable(4)                         6,074    6,111    5,213
6    U.S. securities other than U.S.
         Treasury securities(5)                61,667   82,917  113,553
     By area
7    Europe(1)                                256,026  244,805  256,275
8    Canada                                    10,552   12,503   12,692
9    Latin America and Caribbean               79,503   73,518   76,983
10   Asia                                     400,631  463,703  490,110
11   Africa                                    10,059    7,523    8,707
12   Other countries                            3,157    4,266    5,678

                    Item                                 2000

                                               Sept.    Oct.     Nov.

1    Total(1)                                 849,206  850,116  849,049

     By type
2    Liabilities reported by banks in
         the United States(2)                 143,670  146,452  147,631
3    U.S. Treasury bills and certificates(3)  155,498  155,101  155,061
     U.S. Treasury bonds and notes
4      Marketable                             427,013  419,863  414,896
5      Nonmarketable(4)                         5,247    5,280    5,313
6    U.S. securities other than U.S.
         Treasury securities(5)               117,778  123,420  126,148
     By area
7    Europe(1)                                258,138  264,131  262,099
8    Canada                                    12,821   12,632   11,744
9    Latin America and Caribbean               77,568   77,526   78,742
10   Asia                                     486,890  481,344  481,094
11   Africa                                     8,466    8,323    8,012
12   Other countries                            5,323    6,160    7,358

                    Item                       2000         2001

                                               Dec.     Jan.    Feb.(p)

1    Total(1)                                 845,926  867,344  867,384

     By type
2    Liabilities reported by banks in
         the United States(2)                 144,650  155,294  157,492
3    U.S. Treasury bills and certificates(3)  153,010  158,967  155,667
     U.S. Treasury bonds and notes
4      Marketable                             415,964  418,190  418,857
5      Nonmarketable(4)                         5,348    5,383    5,415
6    U.S. securities other than U.S.
         Treasury securities(5)               126,954  129,510  129,953
     By area
7    Europe(1)                                253,592  259,829  257,969
8    Canada                                    12,394   11,220   10,794
9    Latin America and Caribbean               76,812   80,577   81,207
10   Asia                                     488,168  499,924  501,670
11   Africa                                     9,165    8,965    9,586
12   Other countries                            5,795    6,829    6,158

(1.) Includes the Bank for International Settlements.

(2.) Principally demand deposits, time deposits, bankers acceptances,
commercial paper, negotiable time certificates of deposit, and
borrowings under repurchase agreements.

(3.) Includes nonmarketable certificates of indebtedness and Treasury
bills issued to official institutions of foreign countries.

(4.) Excludes notes issued to foreign official nonreserve agencies.
Includes current value of zero-coupon Treasury bond issues to foreign
governments as follows: Mexico, beginning March 1988, 20-year maturity
issue and beginning March 1990, 30-year maturity issue; Venezuela,
beginning December 1990, 30-year maturity issue; Argentina, beginning
April 1993, 30-year maturity issue.

(5.) Debt securities of U.S. government corporations and federally
sponsored agencies, and U.S. corporate stocks and bonds.

SOURCE. Based on U.S. Department of the Treasury data and on data
reported to the department by banks (including Federal Reserve Banks)
and securities dealers in the United States, and on the 1994 benchmark
survey of foreign portfolio investment in the United States.
3.16 LIABILITIES TO, AND CLAIMS ON, FOREIGNERS
Reported by Banks in the United States(1)
Payable in Foreign Currencies

Millions of dollars, end of period

            Item                 1997      1998      1999      2000

                                                               Mar.

1   Banks' liabilities          117,524   101,125    88,537   85,649
2   Banks' claims                83,038    78,162    67,365   63,492
3     Deposits                   28,661    45,985    34,426   32,967
4     Other claims               54,377    32,177    32,939   30,525
5   Claims of banks' domestic
        customers(2)              8,191    20,718    20,826   21,753

            Item                           2000

                                 June      Sept.     Dec.

1   Banks' liabilities           85,842    78,852    76,120
2   Banks' claims                67,862    60,355    56,867
3     Deposits                   31,224    25,847    22,907
4     Other claims               36,638    34,508    33,960
5   Claims of banks' domestic
        customers(2)             18,802    19,123    29,782

(1.) Data on claims exclude foreign currencies held by U.S. monetary
authorities.

(2.) Assets owned by customers of the reporting bank located in the
United States that represent claims on foreigners held by reporting
banks for the accounts of the domestic customers.
3.17 LIABILITIES TO FOREIGNERS Reported by Banks in the United States(1)
Payable in U.S. dollars

Millions of dollars, end of period

                       Item                             1998

          BY HOLDER AND TYPE OF LIABILITY

  1   Total, all foreigners                           1,347,837

  2   Banks own liabilities                             884,939
  3     Demand deposits                                  29,558
  4     Time deposits(2)                                151,761
  5     Other(3)                                        140,752
  6     Own foreign offices(4)                          562,868

  7   Banks' custodial liabilities(5)                   462,898
  8     U.S. Treasury bills and certificates(6)         183,494
  9     Short-term agency securities(7)                 n.a.
 10     Other negotiable and readily transferable
          instruments(8)                                141,699
 11   Other                                             137,705

 12   Nonmonetary international and regional
          organizations(9)                               11,883
 13     Banks' own liabilities                           10,850
 14       Demand deposits                                   172
 15       Time deposits(2)                                5,793
 16       Other(3)                                        4,885

 17     Banks' custodial liabilities(5)                   1,033
 18       U.S. Treasury bills and certificates(6)           636
 19       Short-term agency securities(7)               n.a.
 20       Other negotiable and readily transferable
            instruments(8)                                  397
 21       Other                                               0

 22   Official institutions(10)                         260,060
 23     Banks' own liabilities                           80,256
 24       Demand deposits                                 3,003
 25       Time Deposits(2)                               29,506
 26       Other(3)                                       47,747

 27     Banks' custodial liabilities(5)                 179,804
 28       U.S. Treasury bills and certificates(6)       134,177
 29       Short-term agency securities(7)               n.a.
 30       Other negotiable and readily transferable
           instruments(8)                                44,953
 31     Other                                               674

 32   Banks(11)                                         885,336
 33     Banks' own liabilities                          676,057
 34       Unaffiliated foreign banks                    113,189
 35         Demand deposits                              14,071
 36         Time deposits(2)                             45,904
 37         Other(3)                                     53,214
 38       Own foreign offices(4)                        562,868

 39   Banks' custodial liabilities(5)                   209,279
 40     U.S. Treasury bills and certificates(6)          35,359
 41     Short-term agency securities(7)                 n.a.
 42     Other negotiable and readily transferable
          instruments(8)                                 45,332
 43     Other                                           128,588

 44   Other foreigners                                  190,558
 45     Banks' own liabilities                          117,776
 46     Demand deposits                                  12,312
 47     Time Deposits(2)                                 70,558
 48     Other(3)                                         34,906

 49     Banks' custodial liabilities(5)                  72,782
 50       U.S. Treasury bills and certificates(6)        13,322
 51       Short-term agency securities(7)               n.a.
 52       Other negotiable and readily transferable
            instruments(8)                               51,017
 53       Other                                           8,443

      MEMO
 54   Negotiable time certificates of deposit in
        custody for foreigners                           27,026
 55   Repurchase agreements(7)                          n.a.

 56   Total, all foreigners                           1,347,837

 57   Foreign countries                               1,335,954
 58   Europe                                            427,375
 59     Austria                                           3,178
 60     Belgium(12)                                      42,818
 61     Denmark                                           1,437
 62     Finland                                           1,862
 63     France                                           44,616
 64     Germany                                          21,357
 65     Greece                                            2,066
 66     Italy                                             7,103
 67     Luxembourg(12)                                  n.a.
 68     Netherlands                                      10,793
 69     Norway                                              710
 70     Portugal                                          3,236
 71     Russia Russia                                     2,439
 72     Spain                                            15,781
 73     Sweden                                            3,027
 74     Switzerland                                      50,654
 75     Turkey                                            4,286
 76     United Kingdom                                  181,554
 77     Channel Islands & Isle of Man(13)               n.a.
 78     Yugoslavia(14)                                      233
 79     Other Europe and other former U.S.S.R.(15)       30,225

 80   Canada                                             30,212

 81   Latin America ...                                 121,327
 82     Argentina                                        19,014
 83     Brazil                                           15,815
 84     Chile                                             5,015
 85     Colombia                                          4,624
 86     Ecuador                                           1,572
 87     Guatemala                                         1,336
 88     Mexico                                           37,157
 89     Panama                                            3,864
 90     Peru                                                840
 91     Uruguay                                           2,486
 92     Venezuela                                        19,894
 93     Other Latin America(16)                           9,710

 94   Caribbean                                         433,539
 95     Bahamas                                         118,085
 96     Bermuda                                           6,846
 97     British West Indies(17)                         302,486
 98     Caymen Islands(17)                              n.a.
 99     Cuba                                                 62
100     Jamaica                                             577
101     Netherlands Antilles                              5,010
102     Trinidad and Tobago                                 473
103     Other Caribbean(16)                             n.a.

104   Asia                                              307,960
        China
105       Mainland                                       13,441
106       Taiwan                                         12,708
107       Hong Kong                                      20,900
108     India                                             5,250
109     Indonesia                                         8,282
110     Israel                                            7,749
111     Japan                                           168,563
112     Korea (South)                                    12,524
113     Philippines                                       3,324
114     Thailand                                          7,359
115     Middle Eastern oil-exporting countries(18)       15,609
116     Other                                            32,251

117   Africa                                              8,905
118     Egypt                                             1,339
119     Morocco                                              97
120     South Africa                                      1,522
121     Congo (formerly Zaire)                                5
122     Oil-exporting countries(19)                       3,088
123     Other                                             2,854

124   Other Countries                                     6,636
125     Australia                                         5,495
126     New Zealand(20)                                 n.a.
127     All other                                         1,141

128   Nonmonetary international and
          regional organizations                         11,883
129     International(21)                                10,221
130     Latin American regional(22)                         594
131     Other regional(23)                                1,068

                       Item                             1999

          BY HOLDER AND TYPE OF LIABILITY

  1   Total, all foreigners                           1,408,740

  2   Banks own liabilities                             971,536
  3     Demand deposits                                  42,884
  4     Time deposits(2)                                163,620
  5     Other(3)                                        155,853
  6     Own foreign offices(4)                          609,179

  7   Banks' custodial liabilities(5)                   437,204
  8     U.S. Treasury bills and certificates(6)         185,676
  9     Short-term agency securities(7)                 n.a.
 10     Other negotiable and readily transferable
          instruments(8)                                132,617
 11   Other                                             118,911

 12   Nonmonetary international and regional
          organizations(9)                               15,276
 13     Banks' own liabilities                           14,357
 14       Demand deposits                                    98
 15       Time deposits(2)                               10,349
 16       Other(3)                                        3,910

 17     Banks' custodial liabilities(5)                     919
 18       U.S. Treasury bills and certificates(6)           680
 19       Short-term agency securities(7)               n.a.
 20       Other negotiable and readily transferable
            instruments(8)                                  233
 21       Other                                               6

 22   Official institutions(10)                         295,024
 23     Banks' own liabilities                           97,615
 24       Demand deposits                                 3,341
 25       Time Deposits(2)                               28,942
 26       Other(3)                                       65,332

 27     Banks' custodial liabilities(5)                 197,409
 28       U.S. Treasury bills and certificates(6)       156,177
 29       Short-term agency securities(7)               n.a.
 30       Other negotiable and readily transferable
           instruments(8)                                41,182
 31     Other                                                50

 32   Banks(11)                                         900,379
 33     Banks' own liabilities                          728,492
 34       Unaffiliated foreign banks                    119,313
 35         Demand deposits                              17,583
 36         Time deposits(2)                             48,140
 37         Other(3)                                     53,590
 38       Own foreign offices(4)                        609,179

 39   Banks' custodial liabilities(5)                   171,887
 40     U.S. Treasury bills and certificates(6)          16,796
 41     Short-term agency securities(7)                 n.a.
 42     Other negotiable and readily transferable
          instruments(8)                                 45,695
 43     Other                                           109,396

 44   Other foreigners                                  198,061
 45     Banks' own liabilities                          131,072
 46     Demand deposits                                  21,862
 47     Time Deposits(2)                                 76,189
 48     Other(3)                                         33,021

 49     Banks' custodial liabilities(5)                  66,989
 50       U.S. Treasury bills and certificates(6)        12,023
 51       Short-term agency securities(7)               n.a.
 52       Other negotiable and readily transferable
            instruments(8)                               45,507
 53       Other                                           9,459

      MEMO
 54   Negotiable time certificates of deposit in
        custody for foreigners                           30,345
 55   Repurchase agreements(7)                          n.a.

 56   Total, all foreigners                           1,408,740

 57   Foreign countries                               1,393,464
 58   Europe                                            441,810
 59     Austria                                           2,789
 60     Belgium(12)                                      44,692
 61     Denmark                                           2,196
 62     Finland                                           1,658
 63     France                                           49,790
 64     Germany                                          24,753
 65     Greece                                            3,748
 66     Italy                                             6,775
 67     Luxembourg(12)                                  n.a.
 68     Netherlands                                       8,143
 69     Norway                                            1,327
 70     Portugal                                          2,228
 71     Russia Russia                                     5,475
 72     Spain                                            10,426
 73     Sweden                                            4,652
 74     Switzerland                                      63,485
 75     Turkey                                            7,842
 76     United Kingdom                                  172,687
 77     Channel Islands & Isle of Man(13)               n.a.
 78     Yugoslavia(14)                                      286
 79     Other Europe and other former U.S.S.R.(15)       28,858

 80   Canada                                             34,214

 81   Latin America ...                                 117,495
 82     Argentina                                        18,633
 83     Brazil                                           12,865
 84     Chile                                             7,008
 85     Colombia                                          5,669
 86     Ecuador                                           1,956
 87     Guatemala                                         1,626
 88     Mexico                                           30,717
 89     Panama                                            4,415
 90     Peru                                              1,142
 91     Uruguay                                           2,386
 92     Venezuela                                        20,192
 93     Other Latin America(16)                          10,886

 94   Caribbean                                         461,200
 95     Bahamas                                         135,811
 96     Bermuda                                           7,874
 97     British West Indies(17)                         312,278
 98     Caymen Islands(17)                              n.a.
 99     Cuba                                                 75
100     Jamaica                                             520
101     Netherlands Antilles                              4,047
102     Trinidad and Tobago                                 595
103     Other Caribbean(16)                             n.a.

104   Asia                                              319,489
        China
105       Mainland                                       12,325
106       Taiwan                                         13,603
107       Hong Kong                                      27,701
108     India                                             7,367
109     Indonesia                                         6,567
110     Israel                                            7,488
111     Japan                                           159,075
112     Korea (South)                                    12,988
113     Philippines                                       3,268
114     Thailand                                          6,050
115     Middle Eastern oil-exporting countries(18)       21,314
116     Other                                            41,743

117   Africa                                              9,468
118     Egypt                                             2,022
119     Morocco                                             179
120     South Africa                                      1,495
121     Congo (formerly Zaire)                               14
122     Oil-exporting countries(19)                       2,914
123     Other                                             2,844

124   Other Countries                                     9,788
125     Australia                                         8,377
126     New Zealand(20)                                 n.a.
127     All other                                         1,411

128   Nonmonetary international and
          regional organizations                         15,276
129     International(21)                                12,876
130     Latin American regional(22)                       1,150
131     Other regional(23)                                1,250

                       Item                             2000

          BY HOLDER AND TYPE OF LIABILITY

  1   Total, all foreigners                           1,523,669

  2   Banks own liabilities                           1,049,070
  3     Demand deposits                                  33,553
  4     Time deposits(2)                                191,791
  5     Other(3)                                        173,233
  6     Own foreign offices(4)                          650,493

  7   Banks' custodial liabilities(5)                   474,599
  8     U.S. Treasury bills and certificates(6)         177,742
  9     Short-term agency securities(7)                 n.a.
 10     Other negotiable and readily transferable
          instruments(8)                                144,858
 11   Other                                             151,999

 12   Nonmonetary international and regional
          organizations(9)                               12,560
 13     Banks' own liabilities                           12,158
 14       Demand deposits                                    41
 15       Time deposits(2)                                6,264
 16       Other(3)                                        5,853

 17     Banks' custodial liabilities(5)                     402
 18       U.S. Treasury bills and certificates(6)           252
 19       Short-term agency securities(7)               n.a.
 20       Other negotiable and readily transferable
            instruments(8)                                  149
 21       Other                                               1

 22   Official institutions(10)                         297,660
 23     Banks' own liabilities                           97,052
 24       Demand deposits                                 3,950
 25       Time Deposits(2)                               35,638
 26       Other(3)                                       57,464

 27     Banks' custodial liabilities(5)                 200,608
 28       U.S. Treasury bills and certificates(6)       153,010
 29       Short-term agency securities(7)               n.a.
 30       Other negotiable and readily transferable
           instruments(8)                                47,360
 31     Other                                               238

 32   Banks(11)                                         981,552
 33     Banks' own liabilities                          789,052
 34       Unaffiliated foreign banks                    138,559
 35         Demand deposits                              15,532
 36         Time deposits(2)                             67,498
 37         Other(3)                                     55,529
 38       Own foreign offices(4)                        650,493

 39   Banks' custodial liabilities(5)                   192,500
 40     U.S. Treasury bills and certificates(6)          15,919
 41     Short-term agency securities(7)                 n.a.
 42     Other negotiable and readily transferable
          instruments(8)                                 35,104
 43     Other                                           141,477

 44   Other foreigners                                  231,897
 45     Banks' own liabilities                          150,808
 46     Demand deposits                                  14,030
 47     Time Deposits(2)                                 82,391
 48     Other(3)                                         54,387

 49     Banks' custodial liabilities(5)                  81,089
 50       U.S. Treasury bills and certificates(6)         8,561
 51       Short-term agency securities(7)               n.a.
 52       Other negotiable and readily transferable
            instruments(8)                               62,245
 53       Other                                          10,283

      MEMO
 54   Negotiable time certificates of deposit in
        custody for foreigners                           34,088
 55   Repurchase agreements(7)                          n.a.

 56   Total, all foreigners                           1,523,669

 57   Foreign countries                               1,511,108
 58   Europe                                            449,152
 59     Austria                                           2,724
 60     Belgium(12)                                      33,401
 61     Denmark                                           3,001
 62     Finland                                           1,412
 63     France                                           37,840
 64     Germany                                          35,535
 65     Greece                                            2,013
 66     Italy                                             5,079
 67     Luxembourg(12)                                  n.a.
 68     Netherlands                                       7,485
 69     Norway                                            2,305
 70     Portugal                                          2,404
 71     Russia Russia                                    19,020
 72     Spain                                             7,801
 73     Sweden                                            6,498
 74     Switzerland                                      74,732
 75     Turkey                                            7,548
 76     United Kingdom                                  169,484
 77     Channel Islands & Isle of Man(13)               n.a.
 78     Yugoslavia(14)                                      276
 79     Other Europe and other former U.S.S.R.(15)       30,594

 80   Canada                                             31,059

 81   Latin America ...                                 121,719
 82     Argentina                                        19,493
 83     Brazil                                           10,953
 84     Chile                                             5,895
 85     Colombia                                          4,555
 86     Ecuador                                         2,119
 87     Guatemala                                         1,637
 88     Mexico                                           33,157
 89     Panama                                            4,292
 90     Peru                                              1,435
 91     Uruguay                                           3,006
 92     Venezuela                                        24,779
 93     Other Latin America(16)                          10,398

 94   Caribbean                                         580,562
 95     Bahamas                                         189,454
 96     Bermuda                                           9,695
 97     British West Indies(17)                         374,107
 98     Caymen Islands(17)                              n.a.
 99     Cuba                                                 90
100     Jamaica                                             815
101     Netherlands Antilles                              5,496
102     Trinidad and Tobago                                 905
103     Other Caribbean(16)                             n.a.

104   Asia                                              306,412
        China
105       Mainland                                       16,538
106       Taiwan                                         17,690
107       Hong Kong                                      26,768
108     India                                             4,532
109     Indonesia                                         8,524
110     Israel                                            8,055
111     Japan                                           150,434
112     Korea (South)                                     7,967
113     Philippines                                       2,430
114     Thailand                                          3,129
115     Middle Eastern oil-exporting countries(18)       23,760
116     Other                                            36,585

117   Africa                                             10,836
118     Egypt                                             2,622
119     Morocco                                             139
120     South Africa                                      1,011
121     Congo (formerly Zaire)                                4
122     Oil-exporting countries(19)                       4,052
123     Other                                             3,008

124   Other Countries                                    11,368
125     Australia                                        10,090
126     New Zealand(20)                                 n.a.
127     All other                                         1,278

128   Nonmonetary international and
          regional organizations                         12,561
129     International(21)                                11,288
130     Latin American regional(22)                         740
131     Other regional(23)                                  533

                                                        2000
                       Item                             Aug.

          BY HOLDER AND TYPE OF LIABILITY

  1   Total, all foreigners                           1,444,533

  2   Banks own liabilities                           1,013,471
  3     Demand deposits                                  30,101
  4     Time deposits(2)                                184,821
  5     Other(3)                                        174,021
  6     Own foreign offices(4)                          624,528

  7   Banks' custodial liabilities(5)                   431,062
  8     U.S. Treasury bills and certificates(6)         180,925
  9     Short-term agency securities(7)                 n.a.
 10     Other negotiable and readily transferable
          instruments(8)                                119,212
 11   Other                                             130,925

 12   Nonmonetary international and regional
          organizations(9)                               14,630
 13     Banks' own liabilities                           14,377
 14       Demand deposits                                    26
 15       Time deposits(2)                                9,062
 16       Other(3)                                        5,289

 17     Banks' custodial liabilities(5)                     253
 18       U.S. Treasury bills and certificates(6)           217
 19       Short-term agency securities(7)               n.a.
 20       Other negotiable and readily transferable
            instruments(8)                                   26
 21       Other                                              10

 22   Official institutions(10)                         298,040
 23     Banks' own liabilities                           92,255
 24       Demand deposits                                 4,573
 25       Time Deposits(2)                               32,639
 26       Other(3)                                       55,043

 27     Banks' custodial liabilities(5)                 205,785
 28       U.S. Treasury bills and certificates(6)       159,781
 29       Short-term agency securities(7)               n.a.
 30       Other negotiable and readily transferable
           instruments(8)                                45,644
 31     Other                                               360

 32   Banks(11)                                         920,591
 33     Banks' own liabilities                          753,503
 34       Unaffiliated foreign banks                    128,975
 35         Demand deposits                              11,959
 36         Time deposits(2)                             62,841
 37         Other(3)                                     54,175
 38       Own foreign offices(4)                        624,528

 39   Banks' custodial liabilities(5)                   167,088
 40     U.S. Treasury bills and certificates(6)          12,251
 41     Short-term agency securities(7)                 n.a.
 42     Other negotiable and readily transferable
          instruments(8)                                 33,893
 43     Other                                           120,944

 44   Other foreigners                                  211,272
 45     Banks' own liabilities                          153,336
 46     Demand deposits                                  13,543
 47     Time Deposits(2)                                 80,279
 48     Other(3)                                         59,514

 49     Banks' custodial liabilities(5)                  57,936
 50       U.S. Treasury bills and certificates(6)         8,676
 51       Short-term agency securities(7)               n.a.
 52       Other negotiable and readily transferable
            instruments(8)                               39,649
 53       Other                                           9,611

      MEMO
 54   Negotiable time certificates of deposit in
        custody for foreigners                           25,911
 55   Repurchase agreements(7)                          n .a.

 56   Total, all foreigners                           1,444,533

 57   Foreign countries                               1,429,903
 58   Europe                                            454,624
 59     Austria                                           2,783
 60     Belgium(12)                                      31,281
 61     Denmark                                           3,689
 62     Finland                                           1,618
 63     France                                           42,723
 64     Germany                                          25,893
 65     Greece                                            3,455
 66     Italy                                             5,566
 67     Luxembourg(12)                                  n.a.
 68     Netherlands                                      13,087
 69     Norway                                            1,636
 70     Portugal                                          2,144
 71     Russia Russia                                    14,252
 72     Spain                                             8,791
 73     Sweden                                            5,992
 74     Switzerland                                      77,578
 75     Turkey                                            7,999
 76     United Kingdom                                  173,798
 77     Channel Islands & Isle of Man(13)               n.a.
 78     Yugoslavia(14)                                      277
 79     Other Europe and other former U.S.S.R.(15)       32,062

 80   Canada                                             33,722

 81   Latin America ...                                 119,261
 82     Argentina                                        17,552
 83     Brazil                                           12,351
 84     Chile                                             5,296
 85     Colombia                                          4,735
 86     Ecuador                                           2,082
 87     Guatemala                                         1,659
 88     Mexico                                           33,291
 89     Panama                                            3,561
 90     Peru                                              1,065
 91     Uruguay                                           2,541
 92     Venezuela                                      23,909
 93     Other Latin America(16)                        11,219

 94   Caribbean                                         510,847
 95     Bahamas                                         173,061
 96     Bermuda                                           8,157
 97     British West Indies(17)                         321,573
 98     Caymen Islands(17)                              n.a.
 99     Cuba                                                 92
100     Jamaica                                             915
101     Netherlands Antilles                              6,373
102     Trinidad and Tobago                                 676
103     Other Caribbean(16)                             n.a.

104   Asia                                              291,017
        China
105       Mainland                                       11,769
106       Taiwan                                         14,675
107       Hong Kong                                      26,749
108     India                                             5,547
109     Indonesia                                         7,318
110     Israel                                            5,951
111     Japan                                           146,382
112     Korea (South)                                     8,819
113     Philippines                                       1,679
114     Thailand                                          3,504
115     Middle Eastern oil-exporting countries(18)       21,968
116     Other                                            36,656

117   Africa                                              9,607
118     Egypt                                             1,615
119     Morocco                                             109
120     South Africa                                        708
121     Congo (formerly Zaire)                                7
122     Oil-exporting countries(19)                       4,470
123     Other                                             2,698

124   Other Countries                                    10,825
125     Australia                                         9,825
126     New Zealand(20)                                 n.a.
127     All other                                         1,000

128   Nonmonetary international and
          regional organizations                         14,630
129     International(21)                                13,118
130     Latin American regional(22)                       1,146
131     Other regional(23)                                  366

                                                        2000
                       Item                             Sept.

          BY HOLDER AND TYPE OF LIABILITY

  1   Total, all foreigners                           1,453,643

  2   Banks own liabilities                           1,027,138
  3     Demand deposits                                  31,964
  4     Time deposits(2)                                184,823
  5     Other(3)                                        174,473
  6     Own foreign offices(4)                          635,878

  7   Banks' custodial liabilities(5)                   426,505
  8     U.S. Treasury bills and certificates(6)         174,604
  9     Short-term agency securities(7)                 n.a.
 10     Other negotiable and readily transferable
          instruments(8)                                120,296
 11   Other                                             131,605

 12   Nonmonetary international and regional
          organizations(9)                               15,658
 13     Banks' own liabilities                           15,404
 14       Demand deposits                                    19
 15       Time deposits(2)                                7,627
 16       Other(3)                                        7,758

 17     Banks' custodial liabilities(5)                     254
 18       U.S. Treasury bills and certificates(6)           223
 19       Short-term agency securities(7)               n.a.
 20       Other negotiable and readily transferable
            instruments(8)                                   26
 21       Other                                               5

 22   Official institutions(10)                         299,168
 23     Banks' own liabilities                           95,709
 24       Demand deposits                                 5,213
 25       Time Deposits(2)                               36,699
 26       Other(3)                                       53,797

 27     Banks' custodial liabilities(5)                 203,459
 28       U.S. Treasury bills and certificates(6)       155,498
 29       Short-term agency securities(7)               n.a.
 30       Other negotiable and readily transferable
           instruments(8)                                47,660
 31     Other                                               301

 32   Banks(11)                                         926,474
 33     Banks' own liabilities                          761,767
 34       Unaffiliated foreign banks                    125,889
 35         Demand deposits                              12,918
 36         Time deposits(2)                             59,958
 37         Other(3)                                     53,013
 38       Own foreign offices(4)                        635,878

 39   Banks' custodial liabilities(5)                   164,707
 40     U.S. Treasury bills and certificates(6)          10,667
 41     Short-term agency securities(7)                 n.a.
 42     Other negotiable and readily transferable
          instruments(8)                                 32,679
 43     Other                                           121,361

 44   Other foreigners                                  212,343
 45     Banks' own liabilities                          154,258
 46     Demand deposits                                  13,814
 47     Time Deposits(2)                                 80,539
 48     Other(3)                                         59,905

 49     Banks' custodial liabilities(5)                  58,085
 50       U.S. Treasury bills and certificates(6)         8,216
 51       Short-term agency securities(7)               n.a.
 52       Other negotiable and readily transferable
            instruments(8)                               39,931
 53       Other                                           9,938

      MEMO
 54   Negotiable time certificates of deposit in
        custody for foreigners                           25,991
 55   Repurchase agreements(7)                          n.a.

 56   Total, all foreigners                           1,453,643

 57   Foreign countries                               1,437,985
 58   Europe                                            463,391
 59     Austria                                           2,541
 60     Belgium(12)                                      29,828
 61     Denmark                                           3,429
 62     Finland                                           1,512
 63     France                                           39,693
 64     Germany                                          26,212
 65     Greece                                            3,331
 66     Italy                                             5,959
 67     Luxembourg(12)                                  n.a.
 68     Netherlands                                      10,311
 69     Norway                                            3,501
 70     Portugal                                          2,244
 71     Russia Russia                                    15,970
 72     Spain                                             8,421
 73     Sweden                                            6,209
 74     Switzerland                                      88,276
 75     Turkey                                            8,173
 76     United Kingdom                                  175,663
 77     Channel Islands & Isle of Man(13)               n.a.
 78     Yugoslavia(14)                                      275
 79     Other Europe and other former U.S.S.R.(15)       31,843

 80   Canada                                             33,869

 81   Latin America ...                                 120,099
 82     Argentina                                        18,560
 83     Brazil                                           11,537
 84     Chile                                             5,346
 85     Colombia                                          4,658
 86     Ecuador                                           2,074
 87     Guatemala                                         1,671
 88     Mexico                                           33,878
 89     Panama                                            3,661
 90     Peru                                              1,091
 91     Uruguay                                           2,567
 92     Venezuela                                        23,997
 93     Other Latin America(16)                          11,059

 94   Caribbean                                         513,720
 95     Bahamas                                         167,671
 96     Bermuda                                           8,100
 97     British West Indies(17)                         331,097
 98     Caymen Islands(17)                              n.a.
 99     Cuba                                                 89
100     Jamaica                                             830
101     Netherlands Antilles                              5,159
102     Trinidad and Tobago                                 774
103     Other Caribbean(16)                             n.a.

104   Asia                                              286,551
        China
105       Mainland                                       11,830
106       Taiwan                                         15,140
107       Hong Kong                                      26,583
108     India                                             5,838
109     Indonesia                                         7,310
110     Israel                                            7,132
111     Japan                                           142,782
112     Korea (South)                                     9,043
113     Philippines                                       1,822
114     Thailand                                          3,330
115     Middle Eastern oil-exporting countries(18)       21,851
116     Other                                            33,890

117   Africa                                              9,821
118     Egypt                                             1,544
119     Morocco                                             112
120     South Africa                                        842
121     Congo (formerly Zaire)                                5
122     Oil-exporting countries(19)                       4,499
123     Other                                             2,819

124   Other Countries                                    10,534
125     Australia                                         9,507
126     New Zealand(20)                                 n.a.
127     All other                                         1,027

128   Nonmonetary international and
          regional organizations                         15,658
129     International(21)                                14,387
130     Latin American regional(22)                         888
131     Other regional(23)                                  383

                                                        2000
                       Item                             Oct.

          BY HOLDER AND TYPE OF LIABILITY

  1   Total, all foreigners                           1,511,173

  2   Banks own liabilities                           1,074,575
  3     Demand deposits                                  29,500
  4     Time deposits(2)                                185,454
  5     Other(3)                                        194,659
  6     Own foreign offices(4)                          664,962

  7   Banks' custodial liabilities(5)                   436,598
  8     U.S. Treasury bills and certificates(6)         173,984
  9     Short-term agency securities(7)                 n.a.
 10     Other negotiable and readily transferable
          instruments(8)                                129,753
 11   Other                                             132,861

 12   Nonmonetary international and regional
          organizations(9)                               17,104
 13     Banks' own liabilities                           16,751
 14       Demand deposits                                    48
 15       Time deposits(2)                                5,918
 16       Other(3)                                       10,785

 17     Banks' custodial liabilities(5)                     353
 18       U.S. Treasury bills and certificates(6)           215
 19       Short-term agency securities(7)               n.a.
 20       Other negotiable and readily transferable
            instruments(8)                                  138
 21       Other                                               0

 22   Official institutions(10)                         301,553
 23     Banks' own liabilities                          102,654
 24       Demand deposits                                 4,361
 25       Time Deposits(2)                               34,035
 26       Other(3)                                       64,258

 27     Banks' custodial liabilities(5)                 198,899
 28       U.S. Treasury bills and certificates(6)       155,101
 29       Short-term agency securities(7)               n.a.
 30       Other negotiable and readily transferable
           instruments(8)                                43,753
 31     Other                                                45

 32   Banks(11)                                         963,643
 33     Banks' own liabilities                          797,391
 34       Unaffiliated foreign banks                    132,429
 35         Demand deposits                              12,160
 36         Time deposits(2)                             64,301
 37         Other(3)                                     55,968
 38       Own foreign offices(4)                        664,962

 39   Banks' custodial liabilities(5)                   166,252
 40     U.S. Treasury bills and certificates(6)           9,972
 41     Short-term agency securities(7)                 n.a.
 42     Other negotiable and readily transferable
          instruments(8)                                 34,261
 43     Other                                           122,019

 44   Other foreigners                                  228,873
 45     Banks' own liabilities                          157,779
 46     Demand deposits                                  12,931
 47     Time Deposits(2)                                 81,200
 48     Other(3)                                         63,648

 49     Banks' custodial liabilities(5)                  71,094
 50       U.S. Treasury bills and certificates(6)         8,696
 51       Short-term agency securities(7)               n.a.
 52       Other negotiable and readily transferable
            instruments(8)                               51,601
 53       Other                                          10,797

      MEMO
 54   Negotiable time certificates of deposit in
        custody for foreigners                           27,164
 55   Repurchase agreements(7)                          n.a.

 56   Total, all foreigners                           1,511,173

 57   Foreign countries                               1,494,069
 58   Europe                                            483,826
 59     Austria                                           2,037
 60     Belgium(12)                                      29,648
 61     Denmark                                           3,001
 62     Finland                                           1,418
 63     France                                           41,736
 64     Germany                                          28,633
 65     Greece                                            3,445
 66     Italy                                             5,594
 67     Luxembourg(12)                                  n.a.
 68     Netherlands                                      14,450
 69     Norway                                            4,102
 70     Portugal                                          2,262
 71     Russia Russia                                    17,260
 72     Spain                                             9,270
 73     Sweden                                            6,247
 74     Switzerland                                      97,151
 75     Turkey                                            8,492
 76     United Kingdom                                  173,254
 77     Channel Islands & Isle of Man(13)               n.a.
 78     Yugoslavia(14)                                      270
 79     Other Europe and other former U.S.S.R.(15)       35,556

 80   Canada                                             34,367

 81   Latin America ...                                 121,417
 82     Argentina                                        18,746
 83     Brazil                                           10,204
 84     Chile                                             5,105
 85     Colombia                                          4,945
 86     Ecuador                                           2,084
 87     Guatemala                                         1,667
 88     Mexico                                           36,054
 89     Panama                                            3,788
 90     Peru                                              1,153
 91     Uruguay                                           2,512
 92     Venezuela                                        24,288
 93     Other Latin America(16)                          10,871

 94   Caribbean                                         533,961
 95     Bahamas                                         178,113
 96     Bermuda                                           8,730
 97     British West Indies(17)                         340,926
 98     Caymen Islands(17)                              n.a.
 99     Cuba                                                 94
100     Jamaica                                             680
101     Netherlands Antilles                              4,614
102     Trinidad and Tobago                                 804
103     Other Caribbean(16)                             n.a.

104   Asia                                              299,164
        China
105       Mainland                                       13,719
106       Taiwan                                         18,289
107       Hong Kong                                      25,784
108     India                                             5,548
109     Indonesia                                         7,589
110     Israel                                            6,668
111     Japan                                           150,196
112     Korea (South)                                     6,684
113     Philippines                                       1,676
114     Thailand                                          3,178
115     Middle Eastern oil-exporting countries(18)       23,856
116     Other                                            35,977

117   Africa                                              9,663
118     Egypt                                             1,546
119     Morocco                                             121
120     South Africa                                        767
121     Congo (formerly Zaire)                                4
122     Oil-exporting countries(19)                       4,405
123     Other                                             2,820

124   Other Countries                                    11,671
125     Australia                                        10,562
126     New Zealand(20)                                 n.a.
127     All other                                         1,109

128   Nonmonetary international and
          regional organizations                         17,104
129     International(21)                                16,133
130     Latin American regional(22)                         582
131     Other regional(23)                                  389

                                                        2000
                       Item                             Nov.

          BY HOLDER AND TYPE OF LIABILITY

  1   Total, all foreigners                           1,525,179

  2   Banks own liabilities                           1,073,536
  3     Demand deposits                                  31,701
  4     Time deposits(2)                                192,422
  5     Other(3)                                        187,066
  6     Own foreign offices(4)                          662,347

  7   Banks' custodial liabilities(5)                   451,643
  8     U.S. Treasury bills and certificates(6)         173,896
  9     Short-term agency securities(7)                 n.a.
 10     Other negotiable and readily transferable
          instruments(8)                                132,453
 11   Other                                             145,294

 12   Nonmonetary international and regional
          organizations(9)                               17,074
 13     Banks' own liabilities                           16,676
 14       Demand deposits                                    30
 15       Time deposits(2)                                6,542
 16       Other(3)                                       10,104

 17     Banks' custodial liabilities(5)                     398
 18       U.S. Treasury bills and certificates(6)           249
 19       Short-term agency securities(7)               n.a.
 20       Other negotiable and readily transferable
            instruments(8)                                  147
 21       Other                                               2

 22   Official institutions(10)                         302,692
 23     Banks' own liabilities                          102,110
 24       Demand deposits                                 4,702
 25       Time Deposits(2)                               35,335
 26       Other(3)                                       62,073

 27     Banks' custodial liabilities(5)                 200,582
 28       U.S. Treasury bills and certificates(6)       155,061
 29       Short-term agency securities(7)               n.a.
 30       Other negotiable and readily transferable
           instruments(8)                                44,828
 31     Other                                               693

 32   Banks(11)                                         973,539
 33     Banks' own liabilities                          794,924
 34       Unaffiliated foreign banks                    132,577
 35         Demand deposits                              12,834
 36         Time deposits(2)                             68,828
 37         Other(3)                                     50,915
 38       Own foreign offices(4)                        662,347

 39   Banks' custodial liabilities(5)                   178,615
 40     U.S. Treasury bills and certificates(6)          10,285
 41     Short-term agency securities(7)                 n.a.
 42     Other negotiable and readily transferable
          instruments(8)                                 34,643
 43     Other                                           133,687

 44   Other foreigners                                  231,874
 45     Banks' own liabilities                          159,826
 46     Demand deposits                                  14,135
 47     Time Deposits(2)                                 81,717
 48     Other(3)                                         63,974

 49     Banks' custodial liabilities(5)                  72,048
 50       U.S. Treasury bills and certificates(6)         8,301
 51       Short-term agency securities(7)               n.a.
 52       Other negotiable and readily transferable
            instruments(8)                               52,835
 53       Other                                          10,912

      MEMO
 54   Negotiable time certificates of deposit in
        custody for foreigners                           25,854
 55   Repurchase agreements(7)                          n.a.

 56   Total, all foreigners                           1,525,179

 57   Foreign countries                               1,508,105
 58   Europe                                            471,979
 59     Austria                                           2,671
 60     Belgium(12)                                      32,389
 61     Denmark                                           3,531
 62     Finland                                           1,874
 63     France                                           43,534
 64     Germany                                          27,084
 65     Greece                                            3,344
 66     Italy                                             5,521
 67     Luxembourg(12)                                  n.a.
 68     Netherlands                                      13,283
 69     Norway                                            5,159
 70     Portugal                                          2,379
 71     Russia Russia                                    20,022
 72     Spain                                             6,900
 73     Sweden                                            7,362
 74     Switzerland                                      86,154
 75     Turkey                                            4,525
 76     United Kingdom                                  172,281
 77     Channel Islands & Isle of Man(13)               n.a.
 78     Yugoslavia(14)                                      279
 79     Other Europe and other former U.S.S.R.(15)       33,687

 80   Canada                                             31,252

 81   Latin America ...                                 121,353
 82     Argentina                                        17,886
 83     Brazil                                           11,663
 84     Chile                                             5,327
 85     Colombia                                          4,560
 86     Ecuador                                           2,059
 87     Guatemala                                         1,678
 88     Mexico                                           33,856
 89     Panama                                            3,980
 90     Peru                                              1,194
 91     Uruguay                                           2,944
 92     Venezuela                                        25,963
 93     Other Latin America(16)                          10,243

 94   Caribbean                                         560,281
 95     Bahamas                                         176,823
 96     Bermuda                                           8,404
 97     British West Indies(17)                         368,175
 98     Caymen Islands(17)                              n.a.
 99     Cuba                                                 88
100     Jamaica                                             722
101     Netherlands Antilles                              5,318
102     Trinidad and Tobago                                 751
103     Other Caribbean(16)                             n.a.

104   Asia                                              301,595
        China
105       Mainland                                       15,835
106       Taiwan                                         17,630
107       Hong Kong                                      25,924
108     India                                             5,173
109     Indonesia                                         8,375
110     Israel                                            6,538
111     Japan                                           149,679
112     Korea (South)                                     6,689
113     Philippines                                       2,334
114     Thailand                                          3,477
115     Middle Eastern oil-exporting countries(18)       23,732
116     Other                                            36,209

117   Africa                                              9,515
118     Egypt                                             1,655
119     Morocco                                             100
120     South Africa                                        853
121     Congo (formerly Zaire)                                4
122     Oil-exporting countries(19)                       4,027
123     Other                                             2,876

124   Other Countries                                    12,130
125     Australia                                        10,961
126     New Zealand(20)                                 n.a.
127     All other                                         1,169

128   Nonmonetary international and
          regional organizations                         17,074
129     International(21)                                16,068
130     Latin American regional(22)                         523
131     Other regional(23)                                  483

                                                        2000
                       Item                             Dec.

          BY HOLDER AND TYPE OF LIABILITY

  1   Total, all foreigners                           1,523,669

  2   Banks own liabilities                           1,049,070
  3     Demand deposits                                  33,553
  4     Time deposits(2)                                191,791
  5     Other(3)                                        173,233
  6     Own foreign offices(4)                          650,493

  7   Banks' custodial liabilities(5)                   474,599
  8     U.S. Treasury bills and certificates(6)         177,742
  9     Short-term agency securities(7)                 n.a.
 10     Other negotiable and readily transferable
          instruments(8)                                144,858
 11   Other                                             151,999

 12   Nonmonetary international and regional
          organizations(9)                               12,560
 13     Banks' own liabilities                           12,158
 14       Demand deposits                                    41
 15       Time deposits(2)                                6,264
 16       Other(3)                                        5,853

 17     Banks' custodial liabilities(5)                     402
 18       U.S. Treasury bills and certificates(6)           252
 19       Short-term agency securities(7)               n.a.
 20       Other negotiable and readily transferable
            instruments(8)                                  149
 21       Other                                               1

 22   Official institutions(10)                         297,660
 23     Banks' own liabilities                           97,052
 24       Demand deposits                                 3,950
 25       Time Deposits(2)                               35,638
 26       Other(3)                                       57,464

 27     Banks' custodial liabilities(5)                 200,608
 28       U.S. Treasury bills and certificates(6)       153,010
 29       Short-term agency securities(7)               n.a.
 30       Other negotiable and readily transferable
           instruments(8)                                47,360
 31     Other                                               238

 32   Banks(11)                                         981,552
 33     Banks' own liabilities                          789,052
 34       Unaffiliated foreign banks                    138,559
 35         Demand deposits                              15,532
 36         Time deposits(2)                             67,498
 37         Other(3)                                     55,529
 38       Own foreign offices(4)                        650,493

 39   Banks' custodial liabilities(5)                   192,500
 40     U.S. Treasury bills and certificates(6)          15,919
 41     Short-term agency securities(7)                 n.a.
 42     Other negotiable and readily transferable
          instruments(8)                                 35,104
 43     Other                                           141,477

 44   Other foreigners                                  231,897
 45     Banks' own liabilities                          150,808
 46     Demand deposits                                  14,030
 47     Time Deposits(2)                                 82,391
 48     Other(3)                                         54,387

 49     Banks' custodial liabilities(5)                  81,089
 50       U.S. Treasury bills and certificates(6)         8,561
 51       Short-term agency securities(7)               n.a.
 52       Other negotiable and readily transferable
            instruments(8)                               62,245
 53       Other                                          10,283

      MEMO
 54   Negotiable time certificates of deposit in
        custody for foreigners                           34,088
 55   Repurchase agreements(7)                          n.a.

 56   Total, all foreigners                           1,523,669

 57   Foreign countries                               1,511,108
 58   Europe                                            449,152
 59     Austria                                           2,724
 60     Belgium(12)                                      33,401
 61     Denmark                                           3,001
 62     Finland                                           1,412
 63     France                                           37,840
 64     Germany                                          35,535
 65     Greece                                            2,013
 66     Italy                                             5,079
 67     Luxembourg(12)                                  n.a.
 68     Netherlands                                       7,485
 69     Norway                                            2,305
 70     Portugal                                          2,404
 71     Russia Russia                                    19,020
 72     Spain                                             7,801
 73     Sweden                                            6,498
 74     Switzerland                                      74,732
 75     Turkey                                            7,548
 76     United Kingdom                                  169,484
 77     Channel Islands & Isle of Man(13)               n.a.
 78     Yugoslavia(14)                                      276
 79     Other Europe and other former U.S.S.R.(15)       30,594

 80   Canada                                             31,059

 81   Latin America ...                                 121,719
 82     Argentina                                        19,493
 83     Brazil                                           10,953
 84     Chile                                             5,895
 85     Colombia                                          4,555
 86     Ecuador                                           2,119
 87     Guatemala                                         1,637
 88     Mexico                                           33,157
 89     Panama                                            4,292
 90     Peru                                              1,435
 91     Uruguay                                           3,006
 92     Venezuela                                        24,779
 93     Other Latin America(16)                          10,398

 94   Caribbean                                         580,562
 95     Bahamas                                         189,454
 96     Bermuda                                           9,695
 97     British West Indies(17)                         374,107
 98     Caymen Islands(17)                              n.a.
 99     Cuba                                                 90
100     Jamaica                                             815
101     Netherlands Antilles                              5,496
102     Trinidad and Tobago                                 905
103     Other Caribbean(16)                             n.a.

104   Asia                                              306,412
        China
105       Mainland                                       16,538
106       Taiwan                                         17,690
107       Hong Kong                                      26,768
108     India                                             4,532
109     Indonesia                                         8,524
110     Israel                                            8,055
111     Japan                                           150,434
112     Korea (South)                                     7,967
113     Philippines                                       2,430
114     Thailand                                          3,129
115     Middle Eastern oil-exporting countries(18)       23,760
116     Other                                            36,585

117   Africa                                             10,836
118     Egypt                                             2,622
119     Morocco                                             139
120     South Africa                                      1,011
121     Congo (formerly Zaire)                                4
122     Oil-exporting countries(19)                       4,052
123     Other                                             3,008

124   Other Countries                                    11,368
125     Australia                                        10,090
126     New Zealand(20)                                 n.a.
127     All other                                         1,278

128   Nonmonetary international and
          regional organizations                         12,561
129     International(21)                                11,288
130     Latin American regional(22)                         740
131     Other regional(23)                                  533

                                                        2001
                       Item                             Jan.

          BY HOLDER AND TYPE OF LIABILITY

  1   Total, all foreigners                           1,568,401

  2   Banks own liabilities                           1,085,661
  3     Demand deposits                                  31,977
  4     Time deposits(2)                                187,385
  5     Other(3)                                        202,150
  6     Own foreign offices(4)                          664,149

  7   Banks' custodial liabilities(5)                   482,740
  8     U.S. Treasury bills and certificates(6)         182,276
  9     Short-term agency securities(7)                  56,565
 10     Other negotiable and readily transferable
          instruments(8)                                 86,733
 11   Other                                             157,166

 12   Nonmonetary international and regional
          organizations(9)                               10,938
 13     Banks' own liabilities                           10,595
 14       Demand deposits                                   327
 15       Time deposits(2)                                5,641
 16       Other(3)                                        4,627

 17     Banks' custodial liabilities(5)                     343
 18       U.S. Treasury bills and certificates(6)           294
 19       Short-term agency securities(7)                    26
 20       Other negotiable and readily transferable
            instruments(8)                                   23
 21       Other                                               0

 22   Official institutions(10)                         314,261
 23     Banks' own liabilities                          103,446
 24       Demand deposits                                 4,014
 25       Time Deposits(2)                               33,026
 26       Other(3)                                       66,406

 27     Banks' custodial liabilities(5)                 210,815
 28       U.S. Treasury bills and certificates(6)       158,967
 29       Short-term agency securities(7)                44,884
 30       Other negotiable and readily transferable
           instruments(8)                                 5,837
 31     Other                                             1,127

 32   Banks(11)                                       1,008,148
 33     Banks' own liabilities                          809,779
 34       Unaffiliated foreign banks                    145,630
 35         Demand deposits                              14,297
 36         Time deposits(2)                             70,896
 37         Other(3)                                     60,437
 38       Own foreign offices(4)                        664,149

 39   Banks' custodial liabilities(5)                   198,369
 40     U.S. Treasury bills and certificates(6)          14,484
 41     Short-term agency securities(7)                   7,439
 42     Other negotiable and readily transferable
          instruments(8)                                 30,757
 43     Other                                           145,689

 44   Other foreigners                                  235,054
 45     Banks' own liabilities                          161,841
 46     Demand deposits                                  13,339
 47     Time Deposits(2)                                 77,822
 48     Other(3)                                         70,680

 49     Banks' custodial liabilities(5)                  73,213
 50       U.S. Treasury bills and certificates(6)         8,531
 51       Short-term agency securities(7)                 4,216
 52       Other negotiable and readily transferable
            instruments(8)                               50,116
 53       Other                                          10,350

      MEMO
 54   Negotiable time certificates of deposit in
        custody for foreigners                           31,389
 55   Repurchase agreements(7)                           93,821

 56   Total, all foreigners                           1,568,401

 57   Foreign countries                               1,557,462
 58   Europe                                            476,418
 59     Austria                                           2,366
 60     Belgium(12)                                       7,356
 61     Denmark                                           3,391
 62     Finland                                           1,155
 63     France                                           48,385
 64     Germany                                          30,250
 65     Greece                                            1,888
 66     Italy                                             4,997
 67     Luxembourg(12)                                   27,092
 68     Netherlands                                       8,504
 69     Norway                                            4,762
 70     Portugal                                          2,571
 71     Russia Russia                                    17,233
 72     Spain                                             8,129
 73     Sweden                                            5,648
 74     Switzerland                                      83,096
 75     Turkey                                            7,783
 76     United Kingdom                                  179,363
 77     Channel Islands & Isle of Man(13)                   406
 78     Yugoslavia(14)                                      287
 79     Other Europe and other former U.S.S.R.(15)       31,756

 80   Canada                                             23,927

 81   Latin America ...                                 118,930
 82     Argentina                                        18,936
 83     Brazil                                           10,542
 84     Chile                                             5,647
 85     Colombia                                          4,552
 86     Ecuador                                           2,157
 87     Guatemala                                         1,581
 88     Mexico                                           33,723
 89     Panama                                            3,615
 90     Peru                                              1,355
 91     Uruguay                                           2,798
 92     Venezuela                                        26,996
 93     Other Latin America(16)                           7,028

 94   Caribbean                                         601,776
 95     Bahamas                                         186,180
 96     Bermuda                                           9,487
 97     British West Indies(17)                         n.a.
 98     Caymen Islands(17)                              384,280
 99     Cuba                                                130
100     Jamaica                                             792
101     Netherlands Antilles                              6,565
102     Trinidad and Tobago                                 797
103     Other Caribbean(16)                              13,545

104   Asia                                              315,245
        China
105       Mainland                                       27,451
106       Taiwan                                         19,865
107       Hong Kong                                      27,013
108     India                                             4,197
109     Indonesia                                         8,536
110     Israel                                            7,666
111     Japan                                           148,810
112     Korea (South)                                     7,155
113     Philippines                                       1,769
114     Thailand                                          3,157
115     Middle Eastern oil-exporting countries(18)       22,425
116     Other                                            37,201

117   Africa                                             10,552
118     Egypt                                             2,552
119     Morocco                                             157
120     South Africa                                        843
121     Congo (formerly Zaire)                               10
122     Oil-exporting countries(19)                       4,317
123     Other                                             2,673

124   Other Countries                                    10,614
125     Australia                                         8,854
126     New Zealand(20)                                   1,032
127     All other                                           728

128   Nonmonetary international and
          regional organizations                         10,939
129     International(21)                                 9,024
130     Latin American regional(22)                       1,493
131     Other regional(23)                                  422

                                                        2001
                       Item                            Feb.(p)

          BY HOLDER AND TYPE OF LIABILITY

  1   Total, all foreigners                           1,546,874

  2   Banks own liabilities                           1,063,041
  3     Demand deposits                                  38,105
  4     Time deposits(2)                                192,538
  5     Other(3)                                        198,232
  6     Own foreign offices(4)                          634,166

  7   Banks' custodial liabilities(5)                   483,832
  8     U.S. Treasury bills and certificates(6)         179,262
  9     Short-term agency securities(7)                  61,332
 10     Other negotiable and readily transferable
          instruments(8)                                 85,438
 11   Other                                             157,799

 12   Nonmonetary international and regional
          organizations(9)                               11,596
 13     Banks' own liabilities                           11,220
 14       Demand deposits
 15       Time deposits(2)                                4,984
 16       Other(3)                                        6,217

 17     Banks' custodial liabilities(5)                     376
 18       U.S. Treasury bills and certificates(6)           248
 19       Short-term agency securities(7)                   108
 20       Other negotiable and readily transferable
            instruments(8)                                   15
 21       Other                                               5

 22   Official institutions(10)                         313,159
 23     Banks' own liabilities                          101,732
 24       Demand deposits                                 6,782
 25       Time Deposits(2)                               30,228
 26       Other(3)                                       64,721

 27     Banks' custodial liabilities(5)                 211,425
 28       U.S. Treasury bills and certificates(6)       155,667
 29       Short-term agency securities(7)                49,094
 30       Other negotiable and readily transferable
           instruments(8)                                 6,010
 31     Other                                               656

 32   Banks(11)                                         986,886
 33     Banks' own liabilities                          790,202
 34       Unaffiliated foreign banks                    156,035
 35         Demand deposits                              12,600
 36         Time deposits(2)                             79,211
 37         Other(3)                                     64,226
 38       Own foreign offices(4)                        634,166

 39   Banks' custodial liabilities(5)                   196,682
 40     U.S. Treasury bills and certificates(6)          13,895
 41     Short-term agency securities(7)                   7,782
 42     Other negotiable and readily transferable
          instruments(8)                                 29,325
 43     Other                                           145,680

 44   Other foreigners                                  235,232
 45     Banks' own liabilities                          159,886
 46     Demand deposits                                  18,702
 47     Time Deposits(2)                                 78,115
 48     Other(3)                                         63,068

 49     Banks' custodial liabilities(5)                  75,345
 50       U.S. Treasury bills and certificates(6)         9,452
 51       Short-term agency securities(7)                 4,348
 52       Other negotiable and readily transferable
            instruments(8)                               50,088
 53       Other                                          11,458

      MEMO
 54   Negotiable time certificates of deposit in
        custody for foreigners                           30,277
 55   Repurchase agreements(7)                           93,162

 56   Total, all foreigners                           1,546,874

 57   Foreign countries                               1,535,277
 58   Europe                                            461,892
 59     Austria                                           2,124
 60     Belgium(12)                                       5,707
 61     Denmark                                           4,182
 62     Finland                                           1,667
 63     France                                           44,875
 64     Germany                                          30,173
 65     Greece                                            1,963
 66     Italy                                             5,070
 67     Luxembourg(12)                                   24,123
 68     Netherlands                                       8,413
 69     Norway                                            6,331
 70     Portugal                                          2,625
 71     Russia Russia                                    19,029
 72     Spain                                             8,240
 73     Sweden                                            5,959
 74     Switzerland                                      84,019
 75     Turkey                                            5,391
 76     United Kingdom                                  170,610
 77     Channel Islands & Isle of Man(13)                   498
 78     Yugoslavia(14)                                      294
 79     Other Europe and other former U.S.S.R.(15)       30,599

 80   Canada                                             22,080

 81   Latin America ...                                 121,289
 82     Argentina                                        18,417
 83     Brazil                                           11,473
 84     Chile                                             5,955
 85     Colombia                                          4,445
 86     Ecuador                                           2,254
 87     Guatemala                                         1,535
 88     Mexico                                           35,370
 89     Panama                                            3,885
 90     Peru                                              1,459
 91     Uruguay                                           2,844
 92     Venezuela                                        26,475
 93     Other Latin America(16)                           7,177

 94   Caribbean                                         590,720
 95     Bahamas                                         185,562
 96     Bermuda                                           8,278
 97     British West Indies(17)                         n.a.
 98     Caymen Islands(17)                              376,040
 99     Cuba                                                 84
100     Jamaica                                             945
101     Netherlands Antilles                              5,537
102     Trinidad and Tobago                                 886
103     Other Caribbean(16)                              13,388

104   Asia                                              317,319
        China
105       Mainland                                       31,654
106       Taiwan                                         18,629
107       Hong Kong                                      27,674
108     India                                             4,058
109     Indonesia                                         9,027
110     Israel                                            7,262
111     Japan                                           150,619
112     Korea (South)                                     6,273
113     Philippines                                       1,422
114     Thailand                                          3,405
115     Middle Eastern oil-exporting countries(18)       21,613
116     Other                                            35,683

117   Africa                                             10,984
118     Egypt                                             2,336
119     Morocco                                             139
120     South Africa                                        914
121     Congo (formerly Zaire)                               10
122     Oil-exporting countries(19)                       4,750
123     Other                                             2,835

124   Other Countries                                    10,993
125     Australia                                         9,519
126     New Zealand(20)                                     328
127     All other                                         1,146

128   Nonmonetary international and
          regional organizations                         11,597
129     International(21)                                10,811
130     Latin American regional(22)                         223
131     Other regional(23)                                  534

(1.) Reporting banks include all types of depository institutions
as well as some brokers and dealers. Excludes bonds and notes of
maturities longer than one year.
(2.) Excludes negotiable time certificates of deposit, which are
included in "Other negotiable and readily transferable instruments."
(3.) Includes borrowing under repurchase agreements.
(4.) For U.S. banks, includes amounts owed to own foreign branches
and foreign subsidiaries consolidated in quarterly Consolidated
Reports of Condition filed with bank regulatory agencies. For
agencies, branches, and majority-owned subsidiaries of foreign banks,
consists principally of amounts owed to the head office or parent
foreign bank, and to foreign branches, gencies, or wholly owned
subsidiaries of the head office or parent foreign bank.
(5.) Financial claims on residents of the United States, other than
long-term securities, held by or through reporting banks for foreign
customers.
(6.) Includes nonmarketable certificates of indebtedness and
Treasury bills issued to official institutions of foreign countries.
(7.) Data available beginning January 2001.
(8.) Principally bankers acceptances, commercial paper, and
negotiable time certificates of deposit.
(9.) Principally the International Bank for Reconstruction and
Development, the Inter-American Development Bank, and the Asian
Development Bank. Excludes "holdings of dollars" of the
International Monetary Fund.
(10.) Foreign central banks, foreign central governments, and the
Bank for International Settlements.
(11.) Excludes central banks, which are included in
Official institutions.
(12.) Before January 2001, combined data reported for
Belgium-Luxembourg.
(13.) Before January 2001, data included in United Kingdom.
(14.) Since December 1992, has excluded Bosnia, Croatia, and
Slovenia.
(15.) Includes the Bank for International Settlements and European
Central Bank. Since December 1992, has included all parts of the
former U.S.S.R. (except Russia) and Bosnia, Croatia, and Slovenia.
(16.) Before January 2000, "Other Latin America" and "Other
Caribbean" were reported as combined "Other Latin America and
Caribbean."
(17.) Beginning January 2001, Cayman Islands replaced British
West Indies in the data series.
(18.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi
Arabia, and United Arab Emirates (Trucial States).
(19.) Comprises Algeria, Gabon, Libya, and Nigeria.
(20.) Before January 2001, included in "All other."
(21.) Principally the International Bank for Reconstruction and
Development. Excludes "holdings of dollars" of the International
Monetary Fund.
(22.) Principally the Inter-American Development Bank.
(23.) Asian, African, Middle Eastern, and European regional
organizations, except the Bank for International Settlements,
which is included in "Other Europe."
3.18 BANKS' OWN CLAIMS ON FOREIGNERS Reported by Banks in the United
States(1) Payable in U.S. dollars

Millions of dollars, end of period

           Area or country                 1998        1999

 1   Total, all foreigners                 734,995     793,139

 2   Foreign countries                     731,378     788,576

 3   Europe                                233,321     311,686
 4     Austria                               1,043       2,643
 5     Belgium(2)                            7,187      10,193
 6     Denmark                               2,383       1,669
 7     Finland                               1,070       2,020
 8     France                               15,251      29,142
 9     Germany                              15,923      29,205
10     Greece                                  575         806
11     Italy                                 7,284       8,496
12     Luxembourg(2)                       n.a.        n.a.
13     Netherlands                           5,697      11,810
14     Norway                                  827       1,000
15     Portugal                                669       1,571
16     Russia                                  789         713
17     Spain                                 5,735       3,796
18     Sweden                                4,223       3,264
19     Switzerland                          46,874      79,158
20     Turkey                                1,982       2,617
21     United Kingdom                      106,349     115,971
22     Channel Islands &
         Isle of Man(3)                    n.a.        n.a.
23     Yugoslavia(4)                            53          50
24     Other Europe and other
         former U.S.S.R.(5)                  9,407       7,562

25   Canada                                 47,037      37,206

26   Latin America                          79,976      74,040
27     Argentina                             9,552      10,894
28     Brazil                               16,184      16,987
29     Chile                                 8,250       6,607
30     Colombia                              6,507       4,524
31     Ecuador                               1,400         760
32     Guatemala                             1,127       1,135
33     Mexico                               21,212      17,899
34     Panama                                3,584       3,387
35     Peru                                  3,275       2,529
36     Uruguay                               1,126         801
37     Venezuela                             3,089       3,494
38     Other Latin America(6)                4,670       5,023

39   Caribbean                             262,678     281,128
40     Bahamas                              96,455      99,066
41     Bermuda                               5,011       8,007
42     British West Indies(7)              153,749     167,189
43     Caymen Islands(7)                   n.a.        n.a.
44     Cuba                                      0           0
45     Jamaica                                 239         295
46     Netherlands Antilles                  6,779       5,982
47     Trinidad and Tobago                     445         589
48     Other Caribbean(6)                  n.a.        n.a.

49   Asia                                   98,607      75,143
       China
50       Mainland                            1,261       2,110
51       Taiwan                              1,041       1,390
52       Hong Kong                           9,080       5,903
53     India                                 1,440       1,738
54     Indonesia                             1,942       1,776
55     Israel                                1,166        1.88
56     Japan                                46,713      28,641
57     Korea (South)                         8,289       9,426
58     Philippines                           1,465       1,410
59     Thailand                              1,807       1,515
60     Middle Eastern                       16,130      14,267
         oil-exporting countries(8)
61     Other                                 8,273       5,092

62   Africa                                  3,122       2,268
63     Egypt                                   257         258
64     Morocco                                 372         352
65     South Africa                            643         622
66     Congo (formerly Zaire)                    0          24
67     Oil-exporting countries(9)              936         276
68     Other                                   914         736

69   Other countries                         6,637       7,105
70     Australia                             6,173       6,824
71     New Zealand(10)                     n.a.        n.a.
72     All other                               464         281

73   Nonmonetary international
       and regional organizations(11)        3,617       4,563

                                                       2000
           Area or country                 2000        Aug.

 1   Total, all foreigners                 911,879     813,193

 2   Foreign countries                     907,193     809,416

 3   Europe                                383,876     327,433
 4     Austria                               2,941       1,956
 5     Belgium(2)                            5,540       5,843
 6     Denmark                               3,312       3,278
 7     Finland                               7,402       2,701
 8     France                               40,303      23,229
 9     Germany                              36,973      31,804
10     Greece                                  658         557
11     Italy                                 7,629       7,358
12     Luxembourg(2)                        n.a.        n.a.
13     Netherlands                          17,294      14,999
14     Norway                                5,012       1,448
15     Portugal                              1,382       1,273
16     Russia                                  517         666
17     Spain                                 2,848       3,566
18     Sweden                                9,301       8,761
19     Switzerland                          82,383      87,172
20     Turkey                                3,175       2,855
21     United Kingdom                      148,875     123,360
22     Channel Islands &
         Isle of Man(3)                    n.a.         n.a
23     Yugoslavia(4)                            50          49
24     Other Europe and other
         former U.S.S.R.(5)                  8,281       6,558

25   Canada                                 40,068      37,934

26   Latin America                          76,614      72,499
27     Argentina                            11,546      10,597
28     Brazil                               20,567      18,555
29     Chile                                 5,816       5,985
30     Colombia                              4,370       3,953
31     Ecuador                                 635         607
32     Guatemala                             1,246       1,277
33     Mexico                               17,430      16,825
34     Panama                                2,935       2,882
35     Peru                                  2,808       2,487
36     Uruguay                                 675         777
37     Venezuela                             3,520       3,410
38     Other Latin America(6)                5,066       5,144

39   Caribbean                             319,512     282,931
40     Bahamas                             114,090      95,577
41     Bermuda                               9,343       4,684
42     British West Indies(7)              189,315     175,936
43     Caymen Islands(7)                   n.a.        n.a.
44     Cuba                                      0           3
45     Jamaica                                 355         305
46     Netherlands Antilles                  5,801       5,804
47     Trinidad and Tobago                     608         622
48     Other Caribbean(6)                  n.a.        n.a.

49   Asia                                   78,762      79,028
       China
50       Mainland                            1,606       1,601
51       Taiwan                              2,247         790
52       Hong Kong                           6,715       5,403
53     India                                 2,178       2,038
54     Indonesia                             1,914       1,880
55     Israel                                2,729       2,281
56     Japan                                35,109      32,499
57     Korea (South)                         7,784      16,924
58     Philippines                           1,784       1,483
59     Thailand                              1,381       1,059
60     Middle Eastern                       10,091      10,006
         oil-exporting countries(8)
61     Other                                 5,224       3,064

62   Africa                                  2,151       2,215
63     Egypt                                   201         186
64     Morocco                                 204         247
65     South Africa                            366         358
66     Congo (formerly Zaire)                    0           0
67     Oil-exporting countries(9)              471         616
68     Other                                   909         808

69   Other countries                         6,210       7,376
70     Australia                             5,961       7,036
71     New Zealand(10)                     n.a.        n.a.
72     All other                               249         340

73   Nonmonetary international
       and regional organizations(11)        4,686       3,777

                                           2000
           Area or country                 Sept.       Oct.

 1   Total, all foreigners                 856,474     879,626

 2   Foreign countries                     851,609     874,403

 3   Europe                                359,889     365,709
 4     Austria                               2,584       2,809
 5     Belgium(2)                            6,368       6,044
 6     Denmark                               3,403       3,093
 7     Finland                               3,561       4,927
 8     France                               27,062      34,217
 9     Germany                              33,229      33,017
10     Greece                                  516         628
11     Italy                                 6,215       6,482
12     Luxembourg(2)                       n.a.        n.a.
13     Netherlands                          15,507      16,165
14     Norway                                4,474       4,655
15     Portugal                              1,480       1,574
16     Russia                                  643         647
17     Spain                                 3,208       3,360
18     Sweden                                8,501       8,504
19     Switzerland                         100,345     103,818
20     Turkey                                2,821       2,831
21     United Kingdom                      132,503     122,829
22     Channel Islands &
         Isle of Man(3)                    n.a.        n.a.
23     Yugoslavia(4)                            49          49
24     Other Europe and other
         former U.S.S.R.(5)                  7,420      10,060

25   Canada                                 37,618      38,648

26   Latin America                          72,664      73,692
27     Argentina                            10,840      11,166
28     Brazil                               19,038      20,202
29     Chile                                 5,953       5,756
30     Colombia                              3,851       3,846
31     Ecuador                                 623         639
32     Guatemala                             1,226       1,245
33     Mexico                               16,808      16,723
34     Panama                                2,781       2,668
35     Peru                                  2,697       2,653
36     Uruguay                                 728         663
37     Venezuela                             3,390       3,321
38     Other Latin America(6)                4,729       4,810

39   Caribbean                             290,974     300,805
40     Bahamas                              99,278     100,445
41     Bermuda                               6,265       8,426
42     British West Indies(7)              178,744     184,812
43     Caymen Islands(7)                   n.a.        n.a.
44     Cuba                                      0           0
45     Jamaica                                 337         379
46     Netherlands Antilles                  5,770       6,158
47     Trinidad and Tobago                     580         585
48     Other Caribbean(6)                  n.a.        n.a.

49   Asia                                   81,584      87,682
       China
50       Mainland                            1,519       1,912
51       Taiwan                              2,475       3,691
52       Hong Kong                           6,019       6,540
53     India                                 2,006       1,787
54     Indonesia                             1,982       2,009
55     Israel                                1,116       1,551
56     Japan                                35,240      35,773
57     Korea (South)                        14,375      18,589
58     Philippines                           1,495       1,473
59     Thailand                              1,071       1,046
60     Middle Eastern                        9,961       9,867
         oil-exporting countries(8)
61     Other                                 4,325       3,444

62   Africa                                  2,597       2,291
63     Egypt                                   176         201
64     Morocco                                 254         252
65     South Africa                            372         322
66     Congo (formerly Zaire)                    0           0
67     Oil-exporting countries(9)              913         656
68     Other                                   882         860

69   Other countries                         6,283       5,576
70     Australia                             6,036       5,238
71     New Zealand(10)                     n.a.        n.a.
72     All other                               247         338

73   Nonmonetary international
       and regional organizations(11)        4,865       5,223

                                           2000
           Area or country                 Nov.        Dec.

 1   Total, all foreigners                 882,419     911,879

 2   Foreign countries                     878,579     907,193

 3   Europe                                371,894     383,876
 4     Austria                               2,681       2,941
 5     Belgium(2)                            5,060       5,540
 6     Denmark                               3,462       3,312
 7     Finland                               6,517       7,402
 8     France                               34,547      40,303
 9     Germany                              32,160      36,973
10     Greece                                  876         658
11     Italy                                 6,738       7,629
12     Luxembourg(2)                       n.a.        n.a.
13     Netherlands                          15,975      17,294
14     Norway                                6,159       5,012
15     Portugal                              1,249       1,382
16     Russia                                  663         517
17     Spain                                 2,593       2,848
18     Sweden                                8,815       9,301
19     Switzerland                         107,986      82,383
20     Turkey                                3,260       3,175
21     United Kingdom                      125,223     148,875
22     Channel Islands &
         Isle of Man(3)                    n.a.        n.a.
23     Yugoslavia(4)                            49          50
24     Other Europe and other
         former U.S.S.R.(5)                  7,881       8,281

25   Canada                                 39,291      40,068

26   Latin America                          74,399      76,614
27     Argentina                            11,468      11,546
28     Brazil                               19,840      20,567
29     Chile                                 5,772       5,816
30     Colombia                              3,938       4,370
31     Ecuador                                 629         635
32     Guatemala                             1,247       1,246
33     Mexico                               16,945      17,430
34     Panama                                2,839       2,935
35     Peru                                  2,713       2,808
36     Uruguay                                 677         675
37     Venezuela                             3,451       3,520
38     Other Latin America(6)                4,880       5,066

39   Caribbean                             301,544     319,512
40     Bahamas                              96,718     114,090
41     Bermuda                               8,324       9,343
42     British West Indies(7)              188,994     189,315
43     Caymen Islands(7)                   n.a.        n.a.
44     Cuba                                      0           0
45     Jamaica                                 355         355
46     Netherlands Antilles                  6,554       5,801
47     Trinidad and Tobago                     599         608
48     Other Caribbean(6)                  n.a.        n.a.

49   Asia                                   83,359      78,762
       China
50       Mainland                            1,644       1,606
51       Taiwan                              2,483       2,247
52       Hong Kong                           6,454       6,715
53     India                                 1,736       2,178
54     Indonesia                             1,958       1,914
55     Israel                                1,911       2,729
56     Japan                                36,467      35,109
57     Korea (South)                        16,189       7,784
58     Philippines                           1,758       1,784
59     Thailand                              1,221       1,381
60     Middle Eastern                        8,487      10,091
         oil-exporting countries(8)
61     Other                                 3,051       5,224

62   Africa                                  1,977       2,151
63     Egypt                                   184         201
64     Morocco                                 235         204
65     South Africa                            341         366
66     Congo (formerly Zaire)                    0           0
67     Oil-exporting countries(9)              342         471
68     Other                                   875         909

69   Other countries                         6,115       6,210
70     Australia                             5,937       5,961
71     New Zealand(10)                     n.a.        n.a.
72     All other                               178         249

73   Nonmonetary international
       and regional organizations(11)        3,840      4,686

                                          2001
           Area or country                Jan.       Feb.(p)

 1   Total, all foreigners              962,479(r)    919,222

 2   Foreign countries                  959,252(r)    915,905

 3   Europe                             422,183(r)    407,006
 4     Austria                            3,664         2,927
 5     Belgium(2)                         4,635         5,321
 6     Denmark                            3,402         3,499
 7     Finland                            6,772         7,122
 8     France                            43,290        44,104
 9     Germany                           39,744(r)     39,375
10     Greece                               526           466
11     Italy                              6,310(r)      6,315
12     Luxembourg(2)                      2,825(r)      2,659
13     Netherlands                       18,864        21,680
14     Norway                             2,971         5,339
15     Portugal                           1,109         1,312
16     Russia                               518           561
17     Spain                              3,808(r)      4,199
18     Sweden                            10,353        10,131
19     Switzerland                      102,545        97,186
20     Turkey                             3,300         3,104
21     United Kingdom                   156,809(r)    143,380
22     Channel Islands &
         Isle of Man(3)                     670           832
23     Yugoslavia(4)                         50            49
24     Other Europe and other
         former U.S.S.R.(5)               9,966(r)      7,203

25   Canada                              41,655(r)     42,487

26   Latin America                       74,460(r)     74,220
27     Argentina                         11,317        11,612
28     Brazil                            20,372        20,008
29     Chile                              6,223         5,961
30     Colombia                           3,816         3,941
31     Ecuador                              563           584
32     Guatemala                          1,364         1,176
33     Mexico                            17,598(r)     17,918
34     Panama                             2,775(r)      2,908
35     Peru                               2,689         2,673
36     Uruguay                              641           455
37     Venezuela                          3,306(r)      3,264
38     Other Latin America(6)             3,796(r)      3,720

39   Caribbean                          321,115(r)    299,682
40     Bahamas                          109,275       101,266
41     Bermuda                            8,673(r)      7,138
42     British West Indies(7)             n.a.        n.a.
43     Caymen Islands(7)                188,377(r)    177,854
44     Cuba                                 117             0
45     Jamaica                              357           331
46     Netherlands Antilles               9,077(r)      7,156
47     Trinidad and Tobago                  658           663
48     Other Caribbean(6)                 4,581(r)      5,274

49   Asia                                90,332(r)     81,896
       China
50       Mainland                         1,562(r)      1,530
51       Taiwan                           1,037         1,365
52       Hong Kong                        7,458(r)      8,506
53     India                              1,886(r)      1,700
54     Indonesia                          2,075         1,987
55     Israel                             2,343         3,249
56     Japan                             38,901        34,780
57     Korea (South)                     18,736        14,147
58     Philippines                        1,217         1,172
59     Thailand                           1,170         1,244
60     Middle Eastern                    10,549(r)      8,748
         oil-exporting countries(8)
61     Other                              3,398         3,468

62   Africa                               2,176         1,899
63     Egypt                                170           271
64     Morocco                              182           185
65     South Africa                         492           544
66     Congo (formerly Zaire)                19             0
67     Oil-exporting countries(9)           582           153
68     Other                                731           746

69   Other countries                      7,331(r)      8,715
70     Australia                          6,906(r)      8,377
71     New Zealand(10)                      283           207
72     All other                            142(r)        131

73   Nonmonetary international
       and regional organizations(11)     3,363         3,317

(1.) Reporting hanks include all types of depository institutions
as well as some brokers and dealers.
(2.) Before January 2001, combined data reported for
Belgium-Luxembourg.
(3.) Before January 2001, data included in United Kingdom.
(4.) Since December 1992, has excluded Bosnia, Croatia, and Slovenia.
(5.) Includes the Bank for International Settlements and European
Central Bank. Since December 1992, has included all parts of the
former U.S.S.R. (except Russia), and Bosnia, Croatia, and Slovenia.
(6.) Before January 2001, "Other Latin America" and "Other
Caribbean" were reported as combined "Other Latin America and
Caribbean."
(7.) Beginning 2001, Cayman Islands replaced British West Indies
in the data series.
(8.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi
Arabia, and United Arab Emirates (Trucial States).
(9.) Comprises Algeria, Gabon, Libya, and Nigeria.
(10.) Before January 2001, included in "All other."
(11.) Excludes the Bank for International Settlements, which
is included in "Other Europe."
3.19 BANKS' OWN AND DOMESTIC CUSTOMERS' CLAIMS ON FOREIGNERS
Reported by Banks in the United States(1) Payable in U.S. dollars

Millions of dollars, end of period

          Type of claim                1998         1999

 1   Total                             875,891      944,937

 2   Banks' claims                     734,995      793,139
 3     Foreign public borrowers         23,542       35,090
 4     Own foreign offices(2)          484,535      529,682
 5     Unaffiliated foreign banks      106,206       97,186
 6       Deposits                       27,230       34,538
 7       Other                          78,976       62,648
 8     All other foreigners            120,712      131,181

 9   Claims of banks' domestic
       customers(3)                    140,896      151,798
10   Deposits                           79,363       88,006
11   Negotiable and readily
       transferable instruments(4)      47,914       51,161
12   Outstanding collections and
       other claims                     13,619       12,631

MEMO
13   Customer liability on
       acceptances                       4,520        4,553
14   Banks' loans under resale
       agreements(5)                   n.a.         n.a.

15   Dollar deposits in banks
       abroad, reported by
       nonbanking business              39,978       31,125
       enterprises in the United
       States(6)

                                                    2000
          Type of claim                2000         Aug.

 1   Total                           1,102,595       ...

 2   Banks' claims                     911,879      813,193
 3     Foreign public borrowers         38,327       41,459
 4     Own foreign offices(2)          630,105      560,852
 5     Unaffiliated foreign banks       99,622       78,562
 6       Deposits                       23,886       21,822
 7       Other                          75,736       56,740
 8     All other foreigners            143,825      132,320

 9   Claims of banks' domestic
       customers(3)                    190,716       ...
10   Deposits                           99,846       ...
11   Negotiable and readily
       transferable instruments(4)      78,147       ...
12   Outstanding collections and
       other claims                     12,723       ...

MEMO
13   Customer liability on
       acceptances                       4,258       ...
14   Banks' loans under resale
       agreements(5)                   n.a.         n.a.

15   Dollar deposits in banks
       abroad, reported by
       nonbanking business              53,153       55,293
       enterprises in the United
       States(6)

                                       2000
          Type of claim                Sept.        Oct.

 1   Total                           1,025,751      ...

 2   Banks' claims                     856,474      879,626
 3     Foreign public borrowers         40,437       49,693
 4     Own foreign offices(2)          592,647      603,873
 5     Unaffiliated foreign banks       87,144       83,035
 6       Deposits                       23,765       23,598
 7       Other                          63,379       59,437
 8     All other foreigners            136,246      143,025

 9   Claims of banks' domestic
       customers(3)                    169,277      ...
10   Deposits                           87,108      ...
11   Negotiable and readily                         ...
       transferable instruments(4)      70,334      ...
12   Outstanding collections and                    ...
       other claims                     11,835      ...

MEMO
13   Customer liability on
       acceptances                       4,701      ...
14   Banks' loans under resale
       agreements(5)                   n.a.         n.a.

15   Dollar deposits in banks
       abroad, reported by
       nonbanking business              57,784       53,848
       enterprises in the United
       States(6)

                                       2000
          Type of claim                Nov.         Dec.

 1   Total                              ...       1,102,595

 2   Banks' claims                     882,419      911,879
 3     Foreign public borrowers         49,373       38,327
 4     Own foreign offices(2)          610,839      630,105
 5     Unaffiliated foreign banks       82,962       99,622
 6       Deposits                       23,756       23,886
 7       Other                          59,206       75,736
 8     All other foreigners            139,245      143,825

 9   Claims of banks' domestic
       customers(3)                    ...          190,716
10   Deposits                          ...           99,846
11   Negotiable and readily            ...
       transferable instruments(4)     ...           78,147
12   Outstanding collections and       ...
       other claims                    ...           12,723

MEMO
13   Customer liability on
       acceptances                     ...            4,258
14   Banks' loans under resale
       agreements(5)                   n.a.         n.a.

15   Dollar deposits in banks
       abroad, reported by
       nonbanking business              55,899       53,153
       enterprises in the United
       States(6)

                                       2001
          Type of claim                Jan.        Feb.(p)

 1   Total                             ...          ...

 2   Banks' claims                     958,982      916,183
 3     Foreign public borrowers         52,987       54,215
 4     Own foreign offices(2)          645,069      608,311
 5     Unaffiliated foreign banks      102,166       98,845
 6       Deposits                       23,607       25,940
 7       Other                          78,559       72,905
 8     All other foreigners            158,760      154,812

 9   Claims of banks' domestic
       customers(3)                    ...          ...
10   Deposits                          ...          ...
11   Negotiable and readily            ...          ...
       transferable instruments(4)     ...          ...
12   Outstanding collections and       ...          ...
       other claims                    ...          ...

MEMO
13   Customer liability on
       acceptances                     ...          ...
14   Banks' loans under resale
       agreements(5)                    85,307       83,366

15   Dollar deposits in banks
       abroad, reported by
       nonbanking business              59,893       70,964
       enterprises in the United
       States(6)

(1.) For banks' claims, data are monthly; for claims of banks'
domestic customers, data are for quarter ending with month indicated.
Reporting banks include all types of depository institution as well
as some brokers and dealers.
(2.) For U.S. banks, includes amounts due from own foreign branches
and foreign subsidiaries consolidated in quarterly Consolidated
Reports of Condition filed with bank regulatory agencies. For
agencies, branches, and majority-owned subsidiaries of foreign
banks, consists principally of amounts due from the head office
or parent foreign bank, and from foreign branches, agencies, or
wholly owned subsidiaries of the head office or parent foreign bank.
(3.) Assets held by reporting banks in the accounts of their
domestic customers.
(4.) Principally negotiable time certificates of deposit, bankers
acceptances, and commercial paper.
(5.) Data available beginning January 2001.
(6.) Includes demand and time deposits and negotiable and
nonnegotiable certificates of deposit denominated in U.S. dollars
issued by banks abroad.
3.20 BANKS' OWN CLAIMS ON UNAFFILIATED FOREIGNERS Reported by Banks
in the United States(l) Payable in U.S. Dollars

Millions of dollars, end of period

 Maturity, by borrower and area(2)     1997       1998

 1   Total                            276,550    250,418

     By borrower
 2   Maturity of one year or less     205,781    186,526
 3     Foreign public borrowers        12,081     13,671
 4     All other foreigners           193,700    172,855
 5   Maturity of more than one year    70,769     63,892
 6     Foreign public borrowers         8,499      9,839
 7     All other foreigners            62,270     54,053

     By area
     Maturity of one year or less
 8     Europe                          58,294     68,679
 9     Canada                           9,917     10,968
10     Latin America and Caribbean     97,207     81,766
11     Asia                            33,964     18,007
12     Africa                           2,211      1,835
13     All other(3)                     4,188      5,271
     Maturity of more than one year
14     Europe                          13,240     14,923
15     Canada                           2,525      3,140
16     Latin America and Caribbean     42,049     33,442
17     Asia                            10,235     10,018
18     Africa                           1,236      1,232
19     All other(3)                     1,484      1,137

                                                  2000
 Maturity, by borrower and area(2)     1999       Mar.

 1   Total                            267,082    256,536

     By borrower
 2   Maturity of one year or less     187,894    175,413
 3     Foreign public borrowers        22,811     23,438
 4     All other foreigners           165,083    151,975
 5   Maturity of more than one year    79,188     81,123
 6     Foreign public borrowers        12,013     12,850
 7     All other foreigners            67,175     68,273

     By area
     Maturity of one year or less
 8     Europe                          80,842     74,011
 9     Canada                           7,859      8,408
10     Latin America and Caribbean     69,498     62,912
11     Asia                            21,802     23,003
12     Africa                           1,122        957
13     All other(3)                     6,771      6,122
     Maturity of more than one year
14     Europe                          22,951     23,952
15     Canada                           3,192      3,126
16     Latin America and Caribbean     39,051     39,714
17     Asia                            11,257     11,612
18     Africa                           1,065        965
19     All other(3)                     1,672      1,754

                                       2000       2000
 Maturity, by borrower and area(2)     June       Sept.

 1   Total                            268,904    263,383

     By borrower
 2   Maturity of one year or less     181,814    174,650
 3     Foreign public borrowers        24,849     23,646
 4     All other foreigners           156,965    151,004
 5   Maturity of more than one year    87,090     88,733
 6     Foreign public borrowers        15,900     16,238
 7     All other foreigners            71,190     72,495

     By area
     Maturity of one year or less
 8     Europe                          71,492     69,447
 9     Canada                           7,344      8,225
10     Latin America and Caribbean     66,096     65,881
11     Asia                            29,091     23,791
12     Africa                           1,520      1,594
13     All other(3)                     6,271      5,712
     Maturity of more than one year
14     Europe                          25,417     27,589
15     Canada                           3,323      3,261
16     Latin America and Caribbean     42,291     41,168
17     Asia                            12,550     13,132
18     Africa                             924        895
19     All other(3)                     2,585      2,688

                                       2000
 Maturity, by borrower and area(2)     Dec.

 1   Total                            281,208

     By borrower
 2   Maturity of one year or less     187,815
 3     Foreign public borrowers        21,399
 4     All other foreigners           166,416
 5   Maturity of more than one year    93,393
 6     Foreign public borrowers        16,258
 7     All other foreigners            77,135

     By area
     Maturity of one year or less
 8     Europe                          72,754
 9     Canada                           7,995
10     Latin America and Caribbean     77,282
11     Asia                            22,755
12     Africa                           1,168
13     All other(3)                     5,861
     Maturity of more than one year
14     Europe                          33,681
15     Canada                           3,712
16     Latin America and Caribbean     41,870
17     Asia                            10,154
18     Africa                             891
19     All other(3)                     3,085

(1.) Reporting banks include all types of depository institutions
as well as some brokers and dealers.
(2.) Maturity is time remaining until maturity.
(3.) Includes nonmonetary international and regional organizations.
3.21 CLAIMS ON FOREIGN COUNTRIES Held by U.S. and Foreign Offices
of U.S. Banks(1)

Billions of dollars, end of period

          Area or country               1996     1997

 1   Total                              645.8    721.8

 2   G-10 countries and Switzerland     228.3    242.8
 3     Belgium and Luxembourg            11.7     11.0
 4     France A11                        16.6     15.4
 5     Germany                           29.8     28.6
 6     Italy                             16.0     15.5
 7     Netherlands                        4.0      6.2
 8     Sweden                             2.6      3.3
 9     Switzerland                        5.3      7.2
10     United Kingdom                   104.7    113.4
11     Canada                            14.0     13.7
12     Japan                             23.7     28.6

13   Other industrialized countries      66.1     65.5
14     Austria                            1.1      1.5
15     Denmark                            1.5      2.4
16     Finland                             .8      1.3
17     Greece                             6.7      5.1
18     Norway                             8.0      3.6
19     Portugal                            .9       .9
20     Spain                             13.3     12.6
21     Turkey                             2.7      4.5
22     Other Western Europe               4.9      8.3
23     South Africa                       2.0      2.2
24     Australia                         24.0     23.1

25   OPEC(2)                             19.8     26.0
26     Ecuador                            1.1      1.3
27     Venezuela                          2.4      2.5
28     Indonesia                          5.2      6.7
29     Middle East countries             10.7     14.4
30     African countries                   .4      1.2

31   Non-OPEC developing countries      130.3    139.2

       Latin America
32     Argentina                         14.3     18.4
33     Brazil                            20.7     28.6
34     Chile                              7.0      8.7
35     Colombia                           4.1      3.4
36     Mexico                            16.2     17.4
37     Peru                               1.6      2.0
38     Other                              3.3      4.1

       Asia
       China
39       Mainland                         2.5      3.2
40       Taiwan                          10.3      9.5
41     India                              4.3      4.9
42     Israel                              .5       .7
43     Korea (South)                     21.5     15.6
44     Malaysia                           6.0      5.1
45     Philippines                        5.8      5.7
46     Thailand                           5.7      5.4
47     Other Asia                         4.1      4.3

       Africa
48     Egypt                               .7       .9
49     Morocco                             .7       .6
50     Zaire                               .1       .0
51     Other Africa(3)                     .9       .8

52   Eastern Europe                       6.9      9.1
53     Russia(4)                          3.7      5.1
54     Other                              3.2      4.0

55   Offshore banking centers           135.1    140.2
56     Bahamas                           20.5     24.2
57     Bermuda                            4.5      9.8
58     Cayman Islands and other
         British West Indies             37.2     43.4
59     Netherlands Antilles              26.1     14.6
60     Panama(5)                          2.0      3.1
61     Lebanon                             .1       .1
62     Hong Kong, China                  27.9     32.2
63     Singapore                         16.7     12.7
64     Other(6)                            .1       .1
65   Miscellneous and unallocated(7)     59.6     99.1

                                        1998     1999
          Area or country               Dec.     Mar.

 1   Total                             1051.6    981.9

 2   G-10 countries and Switzerland     217.7    208.9
 3     Belgium and Luxembourg            10.7     15.6
 4     France A11                        18.4     21.6
 5     Germany                           30.9     34.7
 6     Italy                             11.5     17.8
 7     Netherlands                        7.8     10.7
 8     Sweden                             2.3      4.0
 9     Switzerland                        8.5      7.8
10     United Kingdom                    85.4     56.2
11     Canada                            16.8     15.9
12     Japan                             25.4     24.6

13   Other industrialized countries      69.0     80.1
14     Austria                            1.4      2.8
15     Denmark                            2.2      3.4
16     Finland                            1.4      1.5
17     Greece                             5.9      6.5
18     Norway                             3.2      3.1
19     Portugal                           1.4      1.4
20     Spain                             13.7     15.7
21     Turkey                             4.8      5.2
22     Other Western Europe              10.4     10.2
23     South Africa                       4.4      4.8
24     Australia                         20.3     25.4

25   OPEC(2)                             27.1     26.2
26     Ecuador                            1.3      1.2
27     Venezuela                          3.2      3.5
28     Indonesia                          4.7      4.5
29     Middle East countries             17.0     16.7
30     African countries                  1.0       .4

31   Non-OPEC developing countries      143.4    146.4

       Latin America
32     Argentina                         23.1     24.4
33     Brazil                            24.7     24.2
34     Chile                              8.3      8.6
35     Colombia                           3.2      3.3
36     Mexico                            18.9     19.7
37     Peru                               2.2      2.2
38     Other                              5.4      5.3

       Asia
       China
39       Mainland                         3.0      5.0
40       Taiwan                          13.3     11.8
41     India                              5.5      5.5
42     Israel                             1.1      1.1
43     Korea (South)                     13.7     13.7
44     Malaysia                           5.6      5.9
45     Philippines                        5.1      5.4
46     Thailand                           4.7      4.5
47     Other Asia                         2.9      3.0

       Africa
48     Egypt                              1.3      1.4
49     Morocco                             .5       .5
50     Zaire                               .0       .0
51     Other Africa(3)                    1.0       .9

52   Eastern Europe                       5.5      6.8
53     Russia(4)                          2.2      2.0
54     Other                              3.3      4.8

55   Offshore banking centers            93.9     83.0
56     Bahamas                           35.4     22.0
57     Bermuda                            4.6      3.9
58     Cayman Islands and other
         British West Indies             12.8     13.9
59     Netherlands Antilles               2.6      2.7
60     Panama(5)                          3.9      3.9
61     Lebanon                             .1       .1
62     Hong Kong, China                  23.3     22.8
63     Singapore                         11.1     13.5
64     Other(6)                            .2       .2
65   Miscellneous and unallocated(7)    495.1    430.4

                                        1999     1999
          Area or country               June     Sept.

 1   Total                              930.4    930.4

 2   G-10 countries and Switzerland     224.0    208.2
 3     Belgium and Luxembourg            16.2     15.7
 4     France A11                        20.7     20.0
 5     Germany                           32.1     37.4
 6     Italy                             16.4     15.0
 7     Netherlands                       13.3     11.7
 8     Sweden                             2.6      3.6
 9     Switzerland                        8.3      8.8
10     United Kingdom                    74.7     52.3
11     Canada                            17.1     17.9
12     Japan                             22.6     25.7

13   Other industrialized countries      79.7     71.7
14     Austria                            2.8      3.0
15     Denmark                            2.9      2.1
16     Finland                             .9       .9
17     Greece                             5.9      6.6
18     Norway                             3.0      3.8
19     Portugal                           1.2      1.2
20     Spain                             16.6     15.1
21     Turkey                             4.9      4.7
22     Other Western Europe              10.3      9.2
23     South Africa                       4.7      4.0
24     Australia                         26.6     21.1

25   OPEC(2)                             26.2     30.1
26     Ecuador                            1.1       .9
27     Venezuela                          3.2      3.0
28     Indonesia                          5.0      4.4
29     Middle East countries             16.5     21.4
30     African countries                   .5       .5

31   Non-OPEC developing countries      148.6    144.6

       Latin America
32     Argentina                         22.8     22.8
33     Brazil                            25.2     23.5
34     Chile                              8.2      7.7
35     Colombia                           3.1      2.7
36     Mexico                            18.5     19.4
37     Peru                               2.1      1.8
38     Other                              5.5      5.5

       Asia
       China
39       Mainland                         5.3      3.3
40       Taiwan                          12.6     12.3
41     India                              6.7      7.0
42     Israel                             2.0      1.0
43     Korea (South)                     15.3     16.0
44     Malaysia                           6.0      6.1
45     Philippines                        5.7      5.8
46     Thailand                           4.2      4.0
47     Other Asia                         2.8      2.9

       Africa
48     Egypt                              1.4      1.3
49     Morocco                             .5       .5
50     Zaire                               .0       .0
51     Other Africa(3)                    1.0      1.0

52   Eastern Europe                       5.7      5.4
53     Russia(4)                          2.1      2.0
54     Other                              3.7      3.4

55   Offshore banking centers            66.0     79.1
56     Bahamas                           10.4     18.2
57     Bermuda                            5.7      8.2
58     Cayman Islands and other
         British West Indies              7.2      6.3
59     Netherlands Antilles               1.3      9.1
60     Panama(5)                          3.9      3.9
61     Lebanon                             .1       .2
62     Hong Kong, China                  22.0     22.4
63     Singapore                         15.2     10.6
64     Other(6)                            .1       .2
65   Miscellneous and unallocated(7)    380.2    391.2

                                        1999     2000
          Area or country               Dec.     Mar.

 1   Total                              934.5    949.4

 2   G-10 countries and Switzerland     232.3    278.5
 3     Belgium and Luxembourg            14.3     14.2
 4     France A11                        29.0     27.l
 5     Germany                           38.7     37.3
 6     Italy                             18.1     20.0
 7     Netherlands                       12.3     17.1
 8     Sweden                             3.0      3.9
 9     Switzerland                       10.3     10.1
10     United Kingdom                    68.2    107.8
11     Canada                            16.3     17.5
12     Japan                             22.1     23.5

13   Other industrialized countries      68.4     62.8
14     Austria                            3.5      2.6
15     Denmark                            2.6      1.5
16     Finland                             .9       .8
17     Greece                             6.0      5.7
18     Norway                             3.3      3.0
19     Portugal                           1.0      1.0
20     Spain                             12.1     11.3
21     Turkey                             4.8      5.1
22     Other Western Europe               6.8      8.3
23     South Africa                       3.8      4.8
24     Australia                         23.5     18.6

25   OPEC(2)                             31.4     28.9
26     Ecuador                             .8       .7
27     Venezuela                          2.8      3.0
28     Indonesia                          4.2      3.9
29     Middle East countries             23.1     21.1
30     African countries                   .5       .2

31   Non-OPEC developing countries      149.4    154.8

       Latin America
32     Argentina                         23.2     22.4
33     Brazil                            27.7     28.1
34     Chile                              7.4      8.2
35     Colombia                           2.5      2.5
36     Mexico                            18.7     18.3
37     Peru                               1.7      1.9
38     Other                              5.9      6.5

       Asia
       China
39       Mainland                         3.6      4.6
40       Taiwan                          12.0     12.6
41     India                              7.7      7.9
42     Israel                             1.8      3.3
43     Korea (South)                     15.2     17.4
44     Malaysia                           6.1      6.5
45     Philippines                        6.2      5.3
46     Thailand                           4.1      4.3
47     Other Asia                         2.9      2.6

       Africa
48     Egypt                              1.4      1.4
49     Morocco                             .4       .3
50     Zaire                               .0       .0
51     Other Africa(3)                    1.0       .9

52   Eastern Europe                       5.2      6.3
53     Russia(4)                          1.6      1.7
54     Other                              3.6      4.7

55   Offshore banking centers            59.9     42.0
56     Bahamas                           13.7      2.4
57     Bermuda                            8.0      7.3
58     Cayman Islands and other
         British West Indies              1.3      0.0
59     Netherlands Antilles               1.7      2.5
60     Panama(5)                          3.9      3.4
61     Lebanon                             .1       .1
62     Hong Kong, China                  21.0     22.2
63     Singapore                         10.1      4.1
64     Other(6)                            .1       .1
65   Miscellneous and unallocated(7)    387.9    376.1

                                        2000     2000
          Area or country               June     Sept.

 1   Total                              989.6    952.9

 2   G-10 countries and Switzerland     320.0    286.9
 3     Belgium and Luxembourg            13.8     13.0
 4     France A11                        32.6     29.l
 5     Germany                           31.5     37.8
 6     Italy                             20.8     18.8
 7     Netherlands                       16.1     17.6
 8     Sweden                             3.5      4.3
 9     Switzerland                       13.8     10.9
10     United Kingdom                   144.3    118.7
11     Canada                            18.3     18.7
12     Japan                             25.4     18.1

13   Other industrialized countries      75.2     73.8
14     Austria                            2.8      3.5
15     Denmark                            1.2      1.8
16     Finland                            1.2      2.8
17     Greece                             6.8      6.4
18     Norway                             4.6      8.5
19     Portugal                           2.0      1.5
20     Spain                             12.2     10.5
21     Turkey                             5.6      5.6
22     Other Western Europe               8.0      8.4
23     South Africa                       4.5      4.2
24     Australia                         26.3     20.5

25   OPEC(2)                             32.3     31.8
26     Ecuador                             .7       .6
27     Venezuela                          2.9      2.9
28     Indonesia                          4.1      4.4
29     Middle East countries             24.0     22.7
30     African countries                   .7      1.2

31   Non-OPEC developing countries      158.3    149.6

       Latin America
32     Argentina                         21.6     21.4
33     Brazil                            28.3     28.5
34     Chile                              8.1      7.4
35     Colombia                           2.4      2.4
36     Mexico                            20.5     17.5
37     Peru                               2.1      2.1
38     Other                              6.7      6.3

       Asia
       China
39       Mainland                         3.8      3.4
40       Taiwan                          12.6     12.8
41     India                              8.2      5.8
42     Israel                             1.5      1.1
43     Korea (South)                     21.2     21.0
44     Malaysia                           6.8      6.9
45     Philippines                        5.3      4.7
46     Thailand                           4.0      3.9
47     Other Asia                         2.5      2.3

       Africa
48     Egypt                              1.3      1.1
49     Morocco                             .3       .4
50     Zaire                               .0       .0
51     Other Africa(3)                     .9       .8

52   Eastern Europe                       9.4      9.0
53     Russia(4)                          1.5      1.4
54     Other                              7.9      7.6

55   Offshore banking centers            52.4     50.6
56     Bahamas                             .5       .6
57     Bermuda                            6.3      6.3
58     Cayman Islands and other
         British West Indies              5.1      5.9
59     Netherlands Antilles               2.6      1.9
60     Panama(5)                          3.3      2.5
61     Lebanon                             .1       .1
62     Hong Kong, China                  20.7     20.6
63     Singapore                         13.6     12.7
64     Other(6)                            .1       .1
65   Miscellneous and unallocated(7)    342.1    351.1

                                        2000
          Area or country              Dec.(p)

 1   Total                             1034.5

 2   G-10 countries and Switzerland     312.6
 3     Belgium and Luxembourg            14.3
 4     France A11                        29.9
 5     Germany                           45.2
 6     Italy                             21.3
 7     Netherlands                       18.7
 8     Sweden                             3.7
 9     Switzerland                       13.5
10     United Kingdom                   125.9
11     Canada                            16.9
12     Japan                             23.1

13   Other industrialized countries      75.3
14     Austria                            4.1
15     Denmark                            1.9
16     Finland                            1.5
17     Greece                             8.3
18     Norway                             8.3
19     Portugal
20     Spain                             10.6
21     Turkey                             6.0
22     Other Western Europe               6.7
23     South Africa                       3.7
24     Australia                         22.2

25   OPEC(2)                             29.6
26     Ecuador                             .6
27     Venezuela                          2.5
28     Indonesia                          4.6
29     Middle East countries             21.1
30     African countries                   .8

31   Non-OPEC developing countries      145.7

       Latin America
32     Argentina                         21.4
33     Brazil                            28.8
34     Chile                              7.6
35     Colombia                           2.4
36     Mexico                            15.7
37     Peru                               2.0
38     Other                              6.5

       Asia
       China
39       Mainland                         2.9
40       Taiwan                          10.8
41     India                              9.1
42     Israel                             2.7
43     Korea (South)                     15.1
44     Malaysia                           7.1
45     Philippines                        5.1
46     Thailand                           4.0
47     Other Asia                         2.4

       Africa
48     Egypt                              1.1
49     Morocco                             .3
50     Zaire                               .0
51     Other Africa(3)                     .7

52   Eastern Europe                      10.1
53     Russia(4)                          1.0
54     Other                              9.1

55   Offshore banking centers            69.9
56     Bahamas                            6.9
57     Bermuda                            9.0
58     Cayman Islands and other
         British West Indies             14.6
59     Netherlands Antilles               1.9
60     Panama(5)                          3.2
61     Lebanon                             .1
62     Hong Kong, China                  18.8
63     Singapore                         15.2
64     Other(6)                            .2
65   Miscellneous and unallocated(7)    391.2

(1.) The banking offices covered by these data include U.S. offices
and foreign branches of U.S. banks, including U.S. banks that are
subsidiaries of foreign banks. Offices not covered include U.S.
agencies and branches of foreign banks. Beginning March 1994, the
data include large foreign subsidiaries of U.S. banks. The data also
include other types of U.S. depository institutions as well as some
types of brokers and dealers. To eliminate duplication, the data
are adjusted to exclude the claims on foreign branches held by a U.S.
office or another foreign branch of the same banking institution.
These data are on a gross claims basis and do not necessarily reflect
the ultimate country risk or exposure of U.S. banks. More complete
data on the country risk exposure of U.S. banks are available in the
quarterly Country Exposure Lending Survey published by the Federal
Financial Institutions Examination Council.
(2.) Organization of Petroleum Exporting Countries, shown individually;
other members of OPEC (Algeria, Gabon, Iran, Iraq, Kuwait, Libya,
Nigeria, Qatar, Saudi Arabia, and United Arab Emirates); and Bahrain
and Oman (not formally members of OPEC).
(3.) Excludes Liberia. Beginning March 1994 includes Namibia.
(4.) As of December 1992, excludes other republics of the former
Soviet Union.
(5.) Includes Canal Zone.
(6.) Foreign branch claims only.
(7.) Includes New Zealand, Liberia, and international and
regional organizations.
3.22 LIABILITIES TO UNAFFILIATED FOREIGNERS Reported by Nonbanking
Business Enterprises in the United States
Millions of dollars, end of period

    Type of liability, and area or country          1997      1998

 1   Total                                         57,382    46,570

 2   Payable in dollars                            41,543    36,668
 3   Payable in foreign currencies                 15,839     9,902

     By type
 4   Financial liabilities                         26,877    19,255
 5     Payable in dollars                          12,630    10,371
 6     Payable in foreign currencies               14,247     8,884

 7   Commercial liabilities                        30,505    27,315
 8     Trade payables                              10,904    10,978
 9     Advance receipts and other liabilities      19,601    16,337

10   Payable in dollars                            28,913    26,297
11   Payable in foreign currencies                  1,592     1,018

   By area or country
   Financial liabilities
12   Europe                                        18,027    12,589
13   Belgium and Luxembourg                           186        79
14     France                                       1,425     1,097
15     Germany                                      1,958     2,063
16     Netherlands                                    494     1,406
17     Switzerland                                    561       155
18     United Kingdom                              11,667     5,980

19   Canada                                         2,374       693

20   Latin America and Caribbean                    1,386     1,495
21     Bahamas                                        141         7
22     Bermuda                                        229       101
23     Brazil                                         143       152
24     British West Indies                            604       957
25     Mexico                                          26        59
26     Venezuela                                        1         2

27   Asia                                           4,387     3,785

28     Japan                                        4,102     3,612
29     Middle Eastern oil-exporting countries(1)       27         0

30   Africa                                            60        28
31     Oil-exporting countries(2)                       0         0

32   All other(3)                                     643       665

   Commercial liabilities
33   Europe                                        10,228    10,030
34     Belgium and Luxembourg                         666       278
35     France                                         764       920
36     Germany                                      1,274     1,392
37     Netherlands                                    439       429
38     Switzerland                                    375       499
39     United Kingdom                               4,086     3,697

40   Canada                                         1,175     1,390

41   Latin America and Caribbean                    2,176     1,618
42     Bahamas                                         16        14
43     Bermuda                                        203       198
44     Brazil                                         220       152
45     British West Indies                             12        10
46     Mexico                                         565       347
47     Venezuela                                      261       202

48   Asia                                          14,966    12,342
49     Japan                                        4,500     3,827
50     Middle Eastern oil-exporting countries(1)    3,111     2,852

51   Africa                                           874       794
52     Oil-exporting countries(2)                     408       393

53   Other(3)                                       1,086     1,141

    Type of liability, and area or country          1999      1999
                                                             Sept.

 1   Total                                         53,044    52,979

 2   Payable in dollars                            37,605    36,296
 3   Payable in foreign currencies                 15,415    16,683

     By type
 4   Financial liabilities                         27,980    27,422
 5     Payable in dollars                          13,883    12,231
 6     Payable in foreign currencies               14,097    15,191

 7   Commercial liabilities                        25,064    25,557
 8     Trade payables                              12,857    12,651
 9     Advance receipts and other liabilities      12,207    12,906

10   Payable in dollars                            23,722    24,065
11   Payable in foreign currencies                  1,318     1,492

   By area or country
   Financial liabilities
12   Europe                                        23,241    21,695
13   Belgium and Luxembourg                            31        50
14     France                                       1,659     1,675
15     Germany                                      1,974     1,712
16     Netherlands                                  1,996     2,066
17     Switzerland                                    147       133
18     United Kingdom                              16,521    15,096

19   Canada                                           284       344

20   Latin America and Caribbean                      892     1,180
21     Bahamas                                          1         1
22     Bermuda                                          5        26
23     Brazil                                         126       122
24     British West Indies                            492       786
25     Mexico                                          25        28
26     Venezuela                                        0         0

27   Asia                                           3,437     3,622

28     Japan                                        3,142     3,384
29     Middle Eastern oil-exporting countries(1)        4         3

30   Africa                                            28        31
31     Oil-exporting countries(2)                       0         0

32   All other(3)                                      98       550

   Commercial liabilities
33   Europe                                         9,262     9,265
34     Belgium and Luxembourg                         140       128
35     France                                         672       620
36     Germany                                      1,131     1,201
37     Netherlands                                    507       535
38     Switzerland                                    626       593
39     United Kingdom                               3,071     3,175

40   Canada                                         1,775     1,753

41   Latin America and Caribbean                    2,310     1,957
42     Bahamas                                         22        24
43     Bermuda                                        152       178
44     Brazil                                         145       120
45     British West Indies                             48        39
46     Mexico                                         887       704
47     Venezuela                                      305       182

48   Asia                                           9,886    10,428
49     Japan                                        2,609     2,689
50     Middle Eastern oil-exporting countries(1)    2,551     2,618

51   Africa                                           950       959
52     Oil-exporting countries(2)                     499       584

53   Other(3)                                         881     1,195

    Type of liability, and area or country          1999      2000
                                                    Dec.      Mar.

 1   Total                                         53,044    53,489

 2   Payable in dollars                            37,605    35,614
 3   Payable in foreign currencies                 15,415    17,875

     By type
 4   Financial liabilities                         27,980    29,180
 5     Payable in dollars                          13,883    12,858
 6     Payable in foreign currencies               14,097    16,322

 7   Commercial liabilities                        25,064    24,309
 8     Trade payables                              12,857    12,401
 9     Advance receipts and other liabilities      12,207    11,908

10   Payable in dollars                            23,722    22,756
11   Payable in foreign currencies                  1,318     1,553

   By area or country
   Financial liabilities
12   Europe                                        23,241    24,050
13   Belgium and Luxembourg                            31         4
14     France                                       1,659     1,849
15     Germany                                      1,974     1,880
16     Netherlands                                  1,996     1,970
17     Switzerland                                    147        97
18     United Kingdom                              16,521    16,579

19   Canada                                           284       313

20   Latin America and Caribbean                      892       846
21     Bahamas                                          1         1
22     Bermuda                                          5
23     Brazil                                         126       128
24     British West Indies                            492       489
25     Mexico                                          25        22
26     Venezuela                                        0         0

27   Asia                                           3,437     3,275

28     Japan                                        3,142     2,985
29     Middle Eastern oil-exporting countries(1)        4         4

30   Africa                                            28        28
31     Oil-exporting countries(2)                       0         0

32   All other(3)                                      98       668

   Commercial liabilities
33   Europe                                         9,262     8,646
34     Belgium and Luxembourg                         140        78
35     France                                         672       539
36     Germany                                      1,131       914
37     Netherlands                                    507       648
38     Switzerland                                    626       536
39     United Kingdom                               3,071     2,661

40   Canada                                         1,775     2,024

41   Latin America and Caribbean                    2,310     2,286
42     Bahamas                                         22         9
43     Bermuda                                        152       287
44     Brazil                                         145       115
45     British West Indies                             48        23
46     Mexico                                         887       805
47     Venezuela                                      305       193

48   Asia                                           9,886     9,681
49     Japan                                        2,609     2,274
50     Middle Eastern oil-exporting countries(1)    2,551     2,308

51   Africa                                           950       943
52     Oil-exporting countries(2)                     499       536

53   Other(3)                                         881       729

    Type of liability, and area or country          2000
                                                    June     Sept.

 1   Total                                         70,534    76,644

 2   Payable in dollars                            47,864    51,451
 3   Payable in foreign currencies                 22,670    25,193

     By type
 4   Financial liabilities                         44,068    49,895
 5     Payable in dollars                          22,803    26,159
 6     Payable in foreign currencies               21,265    23,736

 7   Commercial liabilities                        26,466    26,749
 8     Trade payables                              13,764    13,918
 9     Advance receipts and other liabilities      12,702    12,831

10   Payable in dollars                            25,061    25,292
11   Payable in foreign currencies                  1,405     1,457

   By area or country
   Financial liabilities
12   Europe                                        30,332    36,175
13   Belgium and Luxembourg                           163       169
14     France                                       1,702     1,299
15     Germany                                      1,671     2,132
16     Netherlands                                  2,035     2,040
17     Switzerland                                    137       178
18     United Kingdom                              21,463    28,601

19   Canada                                           714       249

20   Latin America and Caribbean                    2,874     3,447
21     Bahamas                                         78       105
22     Bermuda                                      1,016     1,182
23     Brazil                                         146       132
24     British West Indies                            463       501
25     Mexico                                          26        35
26     Venezuela                                        0         0

27   Asia                                           9,453     9,320

28     Japan                                        6,024     4,782
29     Middle Eastern oil-exporting countries(1)        5         7

30   Africa                                            33        48
31     Oil-exporting countries(2)                       0         0

32   All other(3)                                     662       656

   Commercial liabilities
33   Europe                                         9,293     9,411
34     Belgium and Luxembourg                         178       201
35     France                                         711       716
36     Germany                                        948     1,023
37     Netherlands                                    562       424
38     Switzerland                                    565       647
39     United Kingdom                               2,982     2,951

40   Canada                                         2,053     1,889

41   Latin America and Caribbean                    2,607     2,443
42     Bahamas                                         10        15
43     Bermuda                                        300       377
44     Brazil                                         119       167
45     British West Indies                             22        19
46     Mexico                                       1,073     1,079
47     Venezuela                                      239       124

48   Asia                                          10,965    11,133
49     Japan                                        2,200     1,998
50     Middle Eastern oil-exporting countries(1)    3,489     3,706

51   Africa                                           950     1,220
52     Oil-exporting countries(2)                     575       663

53   Other(3)                                         598       653

    Type of liability, and area or country          2000
                                                    Dec.

 1   Total                                         74,107

 2   Payable in dollars                            49,424
 3   Payable in foreign currencies                 24,683

     By type
 4   Financial liabilities                         47,419
 5     Payable in dollars                          25,246
 6     Payable in foreign currencies               22,173

 7   Commercial liabilities                        26,688
 8     Trade payables                              14,305
 9     Advance receipts and other liabilities      12,383

10   Payable in dollars                            24,178
11   Payable in foreign currencies                  2,510

   By area or country
   Financial liabilities
12   Europe                                        34,172
13   Belgium and Luxembourg                           147
14     France                                       1,480
15     Germany                                      2,168
16     Netherlands                                  2,016
17     Switzerland                                    104
18     United Kingdom                              26,362

19   Canada                                           411

20   Latin America and Caribbean                    4,125
21     Bahamas                                          6
22     Bermuda                                      1,739
23     Brazil                                         148
24     British West Indies                            406
25     Mexico                                          26
26     Venezuela                                        2

27   Asia                                           7,965

28     Japan                                        6,216
29     Middle Eastern oil-exporting countries(1)       11

30   Africa                                            52
31     Oil-exporting countries(2)                       0

32   All other(3)                                     694

   Commercial liabilities
33   Europe                                         9,625
34     Belgium and Luxembourg                         293
35     France                                         979
36     Germany                                      1,046
37     Netherlands                                    299
38     Switzerland                                    502
39     United Kingdom                               2,845

40   Canada                                         1,932

41   Latin America and Caribbean                    2,381
42     Bahamas                                         31
43     Bermuda                                        281
44     Brazil                                         114
45     British West Indies                             76
46     Mexico                                         841
47     Venezuela                                      284

48   Asia                                          10,974
49     Japan                                        2,752
50     Middle Eastern oil-exporting countries(1)    2,831

51   Africa                                           940
52     Oil-exporting countries(2)                     475

53   Other(3)                                         836

(1.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar,
Saudi Arabia, and United Arab Emirates (Trucial States).

(2.) Comprises Algeria, Gabon, Libya, and Nigeria.

(3.) Includes nonmonetary international and regional organizations.
3.23 CLAIMS ON UNAFFILIATED FOREIGNERS Reported by Nonbanking
Business Enterprises in the United States

Millions of dollars, end of period

 Type of claim, and area or country      1997     1998     1999

 1   Total                              68,128   77,462   76,669
 2   Payable in dollars                 62,173   72,171   69,170
 3   Payable in foreign currencies       5,955    5,291    7,472

     By type
 4   Financial claims                   36,959   46,260   40,231
 5   Deposits                           22,909   30,199   18,566
 6     Payable in dollars               21,060   28,549   16,373
 7     Payable in foreign currencies     1,849    1,650    2,193
 8   Other financial claims             14,050   16,061   21,665
 9     Payable in dollars               11,806   14,049   18,593
10     Payable in foreign currencies     2,244    2,012    3,072

11   Commercial claims                  31,169   31,202   36,438
12     Trade receivables                27,536   27,202   32,629
13     Advance payments and other
         claims                          3,633    4,000    3,809

14     Payable in dollars               29,307   29,573   34,204
15     Payable in foreign currencies     1,862    1,629    2,207

     By area or country
     Financial claims
16     Europe                           14,999   12,294   13,023
17       Belgium and Luxembourg            406      661      529
18       France                          1,015      864      967
19       Germany                           427      304      504
20       Netherlands                       677      875    1,229
21       Switzerland                       434      414      643
22       United Kingdom                 10,337    7,766    7,561

23     Canada                            3,313    2,503    2,553

24     Latin America and Caribbean      15,543   27,714   18,206
25       Bahamas                         2,308      403    1,593
26       Bermuda                           108       39       11
27       Brazil                          1,313      835    1,476
28       British West Indies            10,462   24,388   12,099
29       Mexico                            537    1,245    1,798
30       Venezuela                          36       55       48

31     Asia                              2,133    3,027    5,457
32       Japan                             823    1,194    3,262
33       Middle Eastern oil-exporting
           countries(1)                     11        9       23

34     Africa                              319      159      286
35       Oil-exporting countries(2)         15       16       15

36     All other(3)                        652      563      706

     Commercial claims
37     Europe                           12,120   13,246   16,389
38       Belgium and Luxembourg            328      238      316
39       France                          1,796    2,171    2,236
40       Germany                         1,614    1,822    1,960
41       Netherlands                       597      467    1,429
42       Switzerland                       554      483      610
43       United Kingdom                  3,660    4,769    5,827

44     Canada                            2,660    2,617    2,757

45     Latin America and Caribbean       5,750    6,296    5,959
46       Bahamas                            27       24       20
47       Bermuda                           244      536      390
48       Brazil                          1,162    1,024      905
49       British West Indies               109      104      181
50       Mexico                          1,392    1,545    1,678
51       Venezuela                         576      401      439

52     Asia                              8,713    7,192    9,165
53       Japan                           1,976    1,681    2,074
54       Middle Eastern oil-exporting
           countries(1)                  1,107    1,135    1,625
55     Africa                              680      711      631
56       Oil-exporting countries(2)        119      165      171

57 Other(3)                              1,246    1,140    1,537

                                             1999           2000
 Type of claim, and area or country     Sept.     Dec.     Mar.

 1   Total                              67,566   76,669   84,266
 2   Payable in dollars                 60,456   69,170   74,331
 3   Payable in foreign currencies       7,110    7,472    9,935

     By type
 4   Financial claims                   33,877   40,231   47,798
 5   Deposits                           15,192   18,566   23,316
 6     Payable in dollars               13,240   16,373   21,442
 7     Payable in foreign currencies     1,952    2,193    1,874
 8   Other financial claims             18,685   21,665   24,482
 9     Payable in dollars               15,718   18,593   19,659
10     Payable in foreign currencies     2,967    3,072    4,823

11   Commercial claims                  33,689   36,438   36,468
12     Trade receivables                29,397   32,629   31,443
13     Advance payments and other
         claims                          4,292    3,809    5,025

14     Payable in dollars               31,498   34,204   33,230
15     Payable in foreign currencies     2,191    2,207    3,238

     By area or country
     Financial claims
16     Europe                           13,878   13,023   16,789
17       Belgium and Luxembourg            574      529      540
18       France                          1,212      967    1,835
19       Germany                           549      504      669
20       Netherlands                     1,067    1,229    1,981
21       Switzerland                       559      643      612
22       United Kingdom                  8,157    7,561    9,044

23     Canada                            3,172    2,553    3,175

24     Latin America and Caribbean      12,749   18,206   21,945
25       Bahamas                           755    1,593    1,299
26       Bermuda                           524       11       11
27       Brazil                          1,265    1,476    1,646
28       British West Indies             7,263   12,099   15,814
29       Mexico                          1,791    1,798    1,979
30       Venezuela                          47       48       65

31     Asia                              3,205    5,457    4,430
32       Japan                           1,250    3,262    2,021
33       Middle Eastern oil-exporting
           countries(1)                      5       23       29

34     Africa                              251      286      232
35       Oil-exporting countries(2)         12       15       15

36     All other(3)                        622      706    1,227

     Commercial claims
37     Europe                           14,367   16,389   16,118
38       Belgium and Luxembourg            289      316      271
39       France                          2,375    2,236    2,520
40       Germany                         1,944    1,960    2,034
41       Netherlands                       617    1,429     1.34
42       Switzerland                       714      610      611
43       United Kingdom                  4,789    5,827    5,354

44     Canada                            2,638    2,757    3,088

45     Latin America and Caribbean       5,879    5,959    5,899
46       Bahamas                            29       20       15
47       Bermuda                           549      390      404
48       Brazil                            763      905      849
49       British West Indies               157      181       95
50       Mexico                          1,613    1,678    1,529
51       Venezuela                         365      439      435

52     Asia                              8,579    9,165    9,101
53       Japan                           1,823    2,074    2,082
54       Middle Eastern oil-exporting
           countries(1)                  1,479    1,625    1,533
55     Africa                              682      631      716
56       Oil-exporting countries(2)        221      171       82

57 Other(3)                              1,544    1,537     1.55

                                                   2000
 Type of claim, and area or country      June    Sept.     Dec.

 1   Total                              80,725   94,803   90,951
 2   Payable in dollars                 72,294   82,872   81,176
 3   Payable in foreign currencies       8,431   11,931    9,775

     By type
 4   Financial claims                   44,303   58,303   53,031
 5   Deposits                           17,462   30,928   23,374
 6     Payable in dollars               15,361   27,974   21,015
 7     Payable in foreign currencies     2,101    2,954    2,359
 8   Other financial claims             26,841   27,375   29,657
 9     Payable in dollars               22,384   20,541   25,142
10     Payable in foreign currencies     4,457    6,834    4,515

11   Commercial claims                  36,422   36,500   37,920
12     Trade receivables                31,277   31,530   33,458
13     Advance payments and other
         claims                          5,145    4,970    4,462

14     Payable in dollars               34,549   34,357   35,019
15     Payable in foreign currencies     1,873    2,143    2,901

     By area or country
     Financial claims
16     Europe                           18,254   23,706   23,136
17       Belgium and Luxembourg            317      304      296
18       France                          1,292    1,477    1,206
19       Germany                           576      696      848
20       Netherlands                     1,984    2,486    1,396
21       Switzerland                       624      626      699
22       United Kingdom                 11,668   16,191   15,900

23     Canada                            5,799    7,517    4,576

24     Latin America and Caribbean      14,874   21,691   19,317
25       Bahamas                           655    1,358    1,353
26       Bermuda                            34       22       19
27       Brazil                          1,666    1,568    1,827
28       British West Indies             7,751   15,722   12,596
29       Mexico                          2,048    2,280    2,448
30       Venezuela                          78      101       87

31     Asia                              3,923    4,002    4,697
32       Japan                           1,410    1,726    1,631
33       Middle Eastern oil-exporting
           countries(1)                     42       85       80

34     Africa                              320      284      411
35       Oil-exporting countries(2)         39        3       57

36     All other(3)                      1,133    1,103      894

     Commercial claims
37     Europe                           15,928   16,486   15,938
38       Belgium and Luxembourg            425      393      452
39       France                          2,692    2,921    3,095
40       Germany                         1,906    2,159    1,982
41       Netherlands                     1,242    1,310    1,729
42       Switzerland                       563      684      763
43       United Kingdom                  4,929    5,193    4,502

44     Canada                            3,250    2,953    3,505

45     Latin America and Caribbean       5,792    5,788    5,842
46       Bahamas                            48       75       37
47       Bermuda                           381      387      376
48       Brazil                            894      981      956
49       British West Indies                51       55      137
50       Mexico                          1,565    1,612    1,507
51       Venezuela                         466      379      326

52     Asia                              9,173    8,986    9,636
53       Japan                           1,882    2,074    2,791
54       Middle Eastern oil-exporting
           countries(1)                  1,241    1,199    1,024
55     Africa                              766      895      671
56       Oil-exporting countries(2)        160      392      179

57 Other(3)                              1,513    1,392    2,328

(1). Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi
Arabia, and United Arab Emirates (Trucial States).
(2.) Comprises Algeria, Gabon, Libya, and Nigeria.
(3.) Includes nonmonetary international and regional organizations.
3.24 FOREIGN TRANSACTIONS IN SECURITIES

Millions of dollars

   Transaction, and area or country

                                              1999         2000

                STOCKS                     U.S. corporate securities

 1   Foreign purchases                      2,340,659    3,605,196
 2   Foreign sales                          2,233,137    3,430,306

 3   Net purchases, or sales (-)              107,522      174,890

 4   Foreign countries                        107,578      174,903

 5   Europe                                    98,060      164,656
 6     France                                   3,813        5,727
 7     Germany                                 13,410       31,752
 8     Netherlands                              8,083        4,915
 9     Switzerland                              5,650       11,960
10     United Kingdom                          42,902       58,736
11   Channel Islands & Isle of
       Man(1)                                 n.a.         n.a.
12   Canada                                      -335        5,956
13   Latin America and Caribbean                5,187      -17,812
14   Middle East(2)                            -1,066        9,189
15   Other Asia                                 4,445       12,494
16     Japan                                    5,723        2,070
17   Africa                                       372          415
18 Other countries                                915            5

19   Nonmonetary international and
       regional organizations                     -56          -11

               BONDS(3)

20   Foreign purchases                        854,692    1,206,662
21   Foreign sales                            602,100      871,418

22   Net purchases, or sales (-)              252,592      335,244

23   Foreign countries                        252,994       335.35

24   Europe                                   140,674      179,706
25     France                                   1,870        2,216
26     Germany                                  7,723        4,067
27     Netherlands                              2,446        1,130
28     Switzerland                              4,553        3,833
29     United Kingdom                         106,344      140,152
30   Channel Islands & Isle of Man(1)         n.a.         n.a.
31   Canada                                     6,043       13,287
32   Latin America and Caribbean               58,783       59,443
33   Middle East(1)                             1,979        2,076
34   Other Asia                                42,817       78,280
35     Japan                                   17,541       38,842
36   Africa                                     1,411          938
37   Other countries                            1,287        1,618

38   Nonmonetary international and
       regional organizations                    -402          -70

                                           Foreign securities

39   Stocks, net purchases, or sales (-)       15,640       -9,297
40     Foreign purchases                    1,177,303    1,802,452
41     Foreign sales                        1,161,663    1,811,749
42   Bonds, net purchases, or sales (-)        -5,676       -3,878
43     Foreign purchases                      798,267      959,408
44     Foreign sale                           803,943      963,286

45   Net purchases, or sales (-), of
       stocks and bonds                         9,964      -13,175

46   Foreign countries                          9,679      -13,311

47   Europe                                    59,247      -23,609
48   Canada                                      -999       -3,856
49   Latin America and Caribbean               -4,726      -15,116
50   Asia                                     -42,961       25,975
51     Japan                                  -43,637       21,886
52   Africa                                       710          947
53   Other countries                           -1,592        2,348

54   Nonmonetary international and
       regional organizations                     285          150

   Transaction, and area or country

                                              2001         2000
                                           Jan.-Feb.       Aug.

                STOCKS                     U.S. corporate securities

 1   Foreign purchases                        560,751      286,819
 2   Foreign sales                            527,129      262,546

 3   Net purchases, or sales (-)               33,622       24,273

 4   Foreign countries                         33,613       24,249

 5   Europe                                    26,042       15,678
 6     France                                   2,112          575
 7     Germany                                  3,597        2,670
 8     Netherlands                              3,585          594
 9     Switzerland                                845        1,114
10     United Kingdom                           8,184        7,098
11   Channel Islands & Isle of
       Man(1)                                     -45      n.a.
12   Canada                                     1,958        1,267
13   Latin America and Caribbean                  518        4,907
14   Middle East(2)                              -290          908
15   Other Asia                                 5,920        1,789
16     Japan                                      330          568
17   Africa                                      -310            2
18 Other countries                               -225         -302

19   Nonmonetary international and
       regional organizations                       9           24

               BONDS(3)

20   Foreign purchases                        284,964      107,808
21   Foreign sales                            220,119       69,514

22   Net purchases, or sales (-)               64,845       38,294

23   Foreign countries                         64,902       38,215

24   Europe                                    38,279       21,618
25     France                                   1,065          334
26     Germany                                  3,802        1,185
27     Netherlands                              1,160          850
28     Switzerland                              1,103          757
29     United Kingdom                          27,962       15,909
30   Channel Islands & Isle of Man(1)             225      n.a.
31   Canada                                     1,407        1,965
32   Latin America and Caribbean               12,978        3,829
33   Middle East(1)                             1,169           54
34   Other Asia                                10,676       10,562
35     Japan                                    1,824        5,664
36   Africa                                        75           37
37   Other countries                              318          150

38   Nonmonetary international and
       regional organizations                     -56          110

                                           Foreign securities

39   Stocks, net purchases, or sales (-)       -5,431          672
40     Foreign purchases                      279,083      142,850
41     Foreign sales                          284,514      142,178
42   Bonds, net purchases, or sales (-)         1,800       -2,812
43     Foreign purchases                      225,486       74,803
44     Foreign sale                           223,686       77,615

45   Net purchases, or sales (-), of
       stocks and bonds                        -3,634       -2,140

46   Foreign countries                         -3,381       -1,986

47   Europe                                    -6,297       -5,786
48   Canada                                     2,355          910
49   Latin America and Caribbean                3,986         -892
50   Asia                                      -2,153        3,159
51     Japan                                   -1,799        1,478
52   Africa                                       -85          -50
53   Other countries                              -39          673

54   Nonmonetary international and
       regional organizations                    -250         -154

   Transaction, and area or country

                                              2000
                                             Sept.         Oct.

                STOCKS                     U.S. corporate securities

 1   Foreign purchases                        297,677      339,995
 2   Foreign sales                            289,118       323,659

 3   Net purchases, or sales (-)                8,559       16,336

 4   Foreign countries                          8,603        16,338

 5   Europe                                    10,014        14,040
 6     France                                    -565         1,757
 7     Germany                                    643         1,383
 8     Netherlands                                792          -135
 9     Switzerland                                780           488
10     United Kingdom                           5,163         6,283
11   Channel Islands & Isle of
       Man(1)                                 n.a.          n.a.
12   Canada                                      -924           194
13   Latin America and Caribbean               -3,406        -4,400
14   Middle East(2)                                52           754
15   Other Asia                                 2,707         5,840
16     Japan                                    2,467         2,640
17   Africa                                       -56           -27
18 Other countries                                216           -63

19   Nonmonetary international and
       regional organizations                     -42            -2

               BONDS(3)

20   Foreign purchases                        106,384       103,028
21   Foreign sales                             76,225        71,686

22   Net purchases, or sales (-)               30,159        31,342

23   Foreign countries                         30,161        31,356

24   Europe                                    17,058        16,965
25     France                                    -819           347
26     Germany                                     44           433
27     Netherlands                               -818           848
28     Switzerland                                333           350
29     United Kingdom                          15,950        12,503
30   Channel Islands & Isle of Man(1)         n.a.          n.a.
31   Canada                                       811           897
32   Latin America and Caribbean                6,338         5,018
33   Middle East(1)                              -702           -54
34   Other Asia                                 6,777         8,215
35     Japan                                    3,573         3,690
36   Africa                                        49            58
37   Other countries                             -170           257

38   Nonmonetary international and
       regional organizations                      -2           -14

                                           Foreign securities

39   Stocks, net purchases, or sales (-)       10,217         3,011
40     Foreign purchases                      148,664       152,872
41     Foreign sales                          138,447       149,861
42   Bonds, net purchases, or sales (-)           265        -3,443
43     Foreign purchases                       92,179        98,519
44     Foreign sale                           919,141       101,962

45   Net purchases, or sales (-), of
       stocks and bonds                        10,482          -432

46   Foreign countries                         10,307          -599

47   Europe                                     6,353        -3,879
48   Canada                                    -1,122         1,813
49   Latin America and Caribbean                  585         1,010
50   Asia                                       3,842           -73
51     Japan                                    2,063        -1,262
52   Africa                                        48            14
53   Other countries                              601           516

54   Nonmonetary international and
       regional organizations                     179           167

   Transaction, and area or country

                                              2000
                                              Nov.          Dec.

                STOCKS                     U.S. corporate securities

 1   Foreign purchases                        284,909      286,161
 2   Foreign sales                            275,855       275,034

 3   Net purchases, or sales (-)                9,054        11,127

 4   Foreign countries                          9,068        11,145

 5   Europe                                     7,485        10,779
 6     France                                     408            40
 7     Germany                                    988           777
 8     Netherlands                                323         1,691
 9     Switzerland                               -598          -684
10     United Kingdom                           3,210         7,773
11   Channel Islands & Isle of
       Man(1)                                 n.a.          n.a.
12   Canada                                     1,477         1,468
13   Latin America and Caribbean               -2,979        -2,759
14   Middle East(2)                               340           277
15   Other Asia                                 3,310         1,451
16     Japan                                      662         1,615
17   Africa                                        80           -45
18 Other countries                               -645           -26

19   Nonmonetary international and
       regional organizations                     -14           -18

               BONDS(3)

20   Foreign purchases                        114,686       117,904
21   Foreign sales                             77,596        90,143

22   Net purchases, or sales (-)               37,090        27,761

23   Foreign countries                         37,224        27,759

24   Europe                                    16,522        16,560
25     France                                     272           138
26     Germany                                    537           -78
27     Netherlands                                183           275
28     Switzerland                                483           -89
29     United Kingdom                          12,952        12,825
30   Channel Islands & Isle of Man(1)         n.a.          n.a.
31   Canada                                     1,179           414
32   Latin America and Caribbean                6,600         4,126
33   Middle East(1)                               437         1,077
34   Other Asia                                11,839         5,535
35     Japan                                    7,435         2,932
36   Africa                                        25            76
37   Other countries                              622           -29

38   Nonmonetary international and
       regional organizations                    -134             2

                                           Foreign securities

39   Stocks, net purchases, or sales (-)        5,563        -3,195
40     Foreign purchases                      141,600       135,417
41     Foreign sales                          136,037        138612
42   Bonds, net purchases, or sales (-)         8,434        -1,175
43     Foreign purchases                       94,938        83,721
44     Foreign sale                            86,504        84,896

45   Net purchases, or sales (-), of
       stocks and bonds                        13,997        -4,370

46   Foreign countries                         13,758        -3,951

47   Europe                                     7,373        -4,452
48   Canada                                       574        -1,357
49   Latin America and Caribbean                 -521          -205
50   Asia                                       5,742         1,872
51     Japan                                    2,067         1,824
52   Africa                                       -28            -4
53   Other countries                              618           195

54   Nonmonetary international and
       regional organizations                     239          -419

   Transaction, and area or country

                                              2001
                                              Jan.        Feb.(p)

                STOCKS                     U.S. corporate securities

 1   Foreign purchases                        301,650        259,101
 2   Foreign sales                            277,706       249,423

 3   Net purchases, or sales (-)               23,944         9,678

 4   Foreign countries                         23,906         9,707

 5   Europe                                    12,329        13,713
 6     France                                     243         1,869
 7     Germany                                  2,380         1,217
 8     Netherlands                              2,206         1,379
 9     Switzerland                                 70           775
10     United Kingdom                           3,064         5,120
11   Channel Islands & Isle of
       Man(1)                                     -13           -32
12   Canada                                     1,490           468
13   Latin America and Caribbean               -5,529        -4,803
14   Middle East(2)                              -554           264
15   Other Asia                                 5,565           355
16     Japan                                    1,002          -672
17   Africa                                      -362            52
18 Other countries                                 -7          -218

19   Nonmonetary international and
       regional organizations                      38           -29

               BONDS(3)

20   Foreign purchases                        138,294(r)       151,231
21   Foreign sales                            111,327       108,779

22   Net purchases, or sales (-)               26,967(r)         42,452

23   Foreign countries                         27,065        42,411

24   Europe                                    17,397        25,456
25     France                                     405           660
26     Germany                                  2,450         1,352
27     Netherlands                                664           496
28     Switzerland                                321           782
29     United Kingdom                          11,251        21,285
30   Channel Islands & Isle of Man(1)             107           118
31   Canada                                       376         1,031
32   Latin America and Caribbean                4,969         9,461
33   Middle East(1)                               726           443
34   Other Asia                                 3,514         7,162
35     Japan                                      910           914
36   Africa                                        29            46
37   Other countries                               54           264

38   Nonmonetary international and
       regional organizations                     -97            41

                                           Foreign Securities

39   Stocks, net purchases, or sales (-)       -2,940        -2,494
40     Foreign purchases                      148,111       130,932
41     Foreign sales                           151051        133426
42   Bonds, net purchases, or sales (-)        -1,360         3,160
43     Foreign purchases                      120,666       104,820
44     Foreign sale                           122,026       101,660

45   Net purchases, or sales (-), of
       stocks and bonds                        -4,300           666

46   Foreign countries                         -4,011           627

47   Europe                                    -4,878        -1,422
48   Canada                                       767         1,588
49   Latin America and Caribbean                  641         3,345
50   Asia                                      -1,005        -1,148
51     Japan                                      -70        -1,963
52   Africa                                       -70           -15
53   Other countries                              312          -351

54   Nonmonetary international and
       regional organizations                    -289            39

(1.) Before January 2001, these data were included in United Kingdom.
(2.) Comprises oil-exporting countries as follows: Bahrain, Iran,
Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates
(Trucial States).
(3.) Includes state and local government securities and securities
of U.S. government agencies and corporations. Also includes issues
finance direct investments abroad. of new debt securities sold abroad
by U.S. corporations organized to
3.25 MARKETABLE U.S. TREASURY BONDS AND NOTES Foreign Transactions(1)

Millions of dollars; net purchases, or sales (-) during period

             Area or country                  1999        2000

 1   Total estimated                          -9,953      -53,790

 2   Foreign countries                       -10,518      -53,329

 3   Europe                                  -38,228      -50,704
 4     Belgium(2)                                -81           73
 5     Germany                                 2,285       -7,304
 6     Luxembourg(2)                          n.a.         n.a.
 7     Netherlands                             2,122        2,140
 8     Sweden                                  1,699        1,082
 9     Switzerland                             -1.76      -10,326
10     United Kingdom                        -20,232      -33,669
11     Channel Islands and Isle of Man(3)     n.a.         n.a.
12     Other Europe and former U.S.S.R.      -22,260       -2,700
13   Canada                                    7,348         -308

14   Latin America and Caribbean              -7,523       -4,914
15     Venezuela                                 362        1,288
16     Other Latin America and Caribbean       1,661      -11,581
17     Netherlands Antilles                   -9,546        5,379
18   Asia                                     29,359        1,639
19     Japan                                  20,102       10,580
20   Africa                                   -3,021         -414
21   Other                                     1,547        1,372

22   Nonmonetary international and               565         -461
         regional organizations
23     International                             190         -483
24     Latin American Caribbean regional         666           76

     MEMO
25   Foreign countries                       -10,518      -53,329
26     Official institutions                  -9,861       -6,302
27     Other foreign                            -657      -47,027

     Oil-exporting countries
28   Middle East(4)                            2,207        3,483
29   Africa(5)                                     0            0

                                              2001         2000
             Area or country                Jan.-Feb.      Aug.

 1   Total estimated                          -2,053         -114

 2   Foreign countries                        -1,559         -117

 3   Europe                                   -5,337        3,707
 4     Belgium(2)                                  0          138
 5     Germany                                -4,053          -36
 6     Luxembourg(2)                             420       n.a
 7     Netherlands                             2,015           91
 8     Sweden                                   -821           56
 9     Switzerland                               916         -338
10     United Kingdom                         -1,758        3,054
11     Channel Islands and Isle of Man(3)       -166       n.a.
12     Other Europe and former U.S.S.R.       -1,525          742
13   Canada                                   -2,621          222

14   Latin America and Caribbean              -6,027          245
15     Venezuela                                 519           45
16     Other Latin America and Caribbean       7,540           61
17     Netherlands Antilles                   -2,032          139
18   Asia                                       -254       -4,918
19     Japan                                  -2,793          367
20   Africa                                      -55            9
21   Other                                       681          618

22   Nonmonetary international and              -494            3
         regional organizations
23     International                            -469           15
24     Latin American Caribbean regional          -3          -10

     MEMO
25   Foreign countries                        -1,559         -117
26     Official institutions                   2,893          449
27     Other foreign                          -4,452         -566

     Oil-exporting countries
28   Middle East(4)                             -895          217
29   Africa(5)                                    -6            0

                                              2000         2000
             Area or country                 Sept.         Oct.

 1   Total estimated                          -8,516       -3,037

 2   Foreign countries                        -8,741       -3,222

 3   Europe                                   -1,284       -3,707
 4     Belgium(2)                               -127          320
 5     Germany                                -1,738        1,424
 6     Luxembourg(2)                          n.a.         n.a.
 7     Netherlands                               836          183
 8     Sweden                                    214         -118
 9     Switzerland                              -959          -57
10     United Kingdom                         -1,865       -3,793
11     Channel Islands and Isle of Man(3)     n.a.         n.a.
12     Other Europe and former U.S.S.R.        2,355       -1,666
13   Canada                                    1,417          160

14   Latin America and Caribbean              -4,979        3,963
15     Venezuela                                 314          152
16     Other Latin America and Caribbean      -4,936        3,030
17     Netherlands Antilles                     -357          781
18   Asia                                     -3,319       -4,688
19     Japan                                   1,717        1,608
20   Africa                                     -139           -6
21   Other                                      -437        1,056

22   Nonmonetary international and               225          185
         regional organizations
23     International                             391           39
24     Latin American Caribbean regional           1           28

     MEMO
25   Foreign countries                        -8,741       -3,222
26     Official institutions                  -6,626       -7,150
27     Other foreign                          -2,115        3,928

     Oil-exporting countries
28   Middle East(4)                           -1,030         -724
29   Africa(5)                                     0            0

                                              2000         2000
             Area or country                  Nov.         Dec.

 1   Total estimated                         -14,106       -9,789

 2   Foreign countries                       -13,959       -9,904

 3   Europe                                  -10,991       -6,850
 4     Belgium(2)                                 53          -96
 5     Germany                                -2,185       -1,065
 6     Luxembourg(2)                          n.a.         n.a.
 7     Netherlands                               264       -1,622
 8     Sweden                                   -104          328
 9     Switzerland                              -301           64
10     United Kingdom                         -6,035       -4,199
11     Channel Islands and Isle of Man(3)     n.a.         n.a.
12     Other Europe and former U.S.S.R.       -2,683         -260
13   Canada                                   -1,173       -1,492

14   Latin America and Caribbean                -507         -245
15     Venezuela                                 251          300
16     Other Latin America and Caribbean      -1,262       -1,746
17     Netherlands Antilles                      504        1,201
18   Asia                                     -1,289         -458
19     Japan                                   4,445       -3,855
20   Africa                                      -16          -44
21   Other                                        17         -815

22   Nonmonetary international and              -147          115
         regional organizations
23     International                            -146           24
24     Latin American Caribbean regional          -1            6

     MEMO
25   Foreign countries                       -13,959       -9,904
26     Official institutions                  -4,967        1,068
27     Other foreign                          -8,992      -10,972

     Oil-exporting countries
28   Middle East(4)                             -888           48
29   Africa(5)                                     0            0

                                              2001         2001
             Area or country                  Jan.       Feb.(p)

 1   Total estimated                          -9,064        7,011

 2   Foreign countries                        -8,531        6,972

 3   Europe                                   -5,000         -337
 4     Belgium(2)                                  0            0
 5     Germany                                  -873       -3,180
 6     Luxembourg(2)                             411            9
 7     Netherlands                              -793        2,808
 8     Sweden                                    218       -1,039
 9     Switzerland                               755          161
10     United Kingdom                         -2,695          937
11     Channel Islands and Isle of Man(3)        -98          -68
12     Other Europe and former U.S.S.R.       -2,089(r)       564
13   Canada                                   -2,089          564

14   Latin America and Caribbean               2,407        3,620
15     Venezuela                                 227          292
16     Other Latin America and Caribbean       3,261        4,279
17     Netherlands Antilles                   -1,081         -951
18   Asia                                     -4,641        4,387
19     Japan                                  -4,261        1,468
20   Africa                                      -91           36
21   Other                                       861         -180

22   Nonmonetary international and              -533           39
         regional organizations
23     International                            -275         -194
24     Latin American Caribbean regional           1           -4

     MEMO
25   Foreign countries                        -8,531        6,972
26     Official institutions                   2,226          667
27     Other foreign                         -10,757        6,305

     Oil-exporting countries
28   Middle East(4)                             -176         -719
29   Africa(5)                                    -6            0

(1.) Official and private transactions in marketable U.S. Treasury
securities having an original maturity of more than one year. Data
are based on monthly transactions reports. Excludes nonmarketable
U.S. Treasury bonds and notes held by official institutions of foreign
countries.
(2.) Before January 2001, combined data reported for Belgium and
Luxembourg.
(3.) Before January 2001, these data were included in United Kingdom.
(4.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(5.) Comprises Algeria, Gabon, Libya, and Nigeria.
3.28 FOREIGN EXCHANGE RATES AND INDEXES OF THE FOREIGN EXCHANGE
VALUE OF THE U.S. DOLLAR(1)

Currency units per U.S. dollar except as noted

                Item

       COUNTRY/CURRENCY UNIT               1998           1999

                                        Exchange rates

 1   Australia/dollar(2)                   62.91          64.54
 2   Austria/schilling                     12.379         n.a.
 3   Belgium/franc                         36.31          n.a.
 4   Brazil/real                            1.1605         1.8207
 5   Canada/dollar                          1.4836         1.4858
 6   China, P.R./yuan                       8.3008         8.2783
 7   Denmark/krone                          6.7030         6.99
 8   European Monetary Union/euro(3)       n.a.            1.0653
 9   Finland/markka                         5.3473        n.a.
10   France/franc                           5.8995        n.a.
11   Germany/deutsche mark                  1.7597        n.a.
12   Greece/drachma                       295.70         306.30

13   Hong Kong/dollar                       7.7467         7.7594
14   India/rupee                           41.36          43.13
15   Ireland/pound(2)                     142.48          n.a.
16   Italy/lira                         1,736.85        n.a.
17   Japan/yen                            130.99         113.73
18   Malaysia/ringgit                       3.9254         3.8000
19   Mexico/peso                            9.152          9.553
20   Netherlands/guilder                    1.9837        n.a.
21   New Zealand/dollar(2)                 53.61          52.94
22   Norway/krone                           7.5521         7.8071
23   Portugal/escudo                      180.25          n.a.

24   Singapore/dollar                       1.6722         1.6951
25   South Africa/rand                      5.5417         6.1191
26   South Korea/won                    1,400.40       1,189.84
27   Spain/peseta                         149.41          n.a.
28   Sri Lanka/rupee                       65.006         70.868
29   Sweden/krona                           7.9522         8.274
30   Switzerland/franc                      1.4506         1.5045
31   Taiwan/dollar                         33.547         32.322
32   Thailand/baht                         41.262         37.887
33   United Kingdom/pound(2)              165.73         161.72
34   Venezuela/bolivar                    548.39         606.82

                                        Indexes(4)

              NOMINAL

35   Broad (January 1997=100)(5)             116.48    116.87
36   Major currencies (March
       1973=100)(6)                           95.79     94.07
37   Other important trading partners
       (January 1997=100)(7)                 126.03    129.94

                REAL

38   Broad (March 1973=100)(5)                99.20     98.52
39   Major currencies (March
       1973=100)(6)                           97.23     96.66
40   Other important trading partners
       (March 1973=100)(7)                   108.11    107.24(r)

                Item
                                                          2000
       COUNTRY/CURRENCY UNIT               2000           Nov.

                                        Exchange rates

 1   Australia/dollar(2)                   58.15          52.18
 2   Austria/schilling                     n.a.           n.a.
 3   Belgium/franc                         n.a.           n.a.
 4   Brazil/real                            1.8301         1.9483
 5   Canada/dollar                          1.4855         1.5426
 6   China, P.R./yuan                       8.2784         8.2774
 7   Denmark/krone                          8.0953         8.6992
 8   European Monetary Union/euro(3)        0.9232         0.8552
 9   Finland/markka                        n.a.           n.a.
10   France/franc                          n.a.           n.a.
11   Germany/deutsche mark                 n.a.           n.a.
12   Greece/drachma                       365.92         397.94

13   Hong Kong/dollar                       7.7924         7.7991
14   India/rupee                           45.00          46.82
15   Ireland/pound(2)                      n.a.           n.a.
16   Italy/lira                            n.a.           n.a.
17   Japan/yen                            107.80         109.01
18   Malaysia/ringgit                       3.8000         3.8000
19   Mexico/peso                            9.459          9.508
20   Netherlands/guilder                   n.a.           n.a.
21   New Zealand/dollar(2)                 45.68          39.90
22   Norway/krone                           8.8131         9.3524
23   Portugal/escudo                       n.a.           n.a.

24   Singapore/dollar                       1.7250         1.7478
25   South Africa/rand                      6.9468         7.6889
26   South Korea/won                    1,130.90       1,156.54
27   Spain/peseta                          n.a.           n.a.
28   Sri Lanka/rupee                       76.964         80.381
29   Sweden/krona                           9.1735        10.0965
30   Switzerland/franc                      1.6904         1.7779
31   Taiwan/dollar                         31.260         32.433
32   Thailand/baht                         40.210         43.791
33   United Kingdom/pound(2)              151.56         142.58
34   Venezuela/bolivar                    680.52         695.77

                                        Indexes(4)

              NOMINAL

35   Broad (January 1997=100)(5)          119.93         124.21
36   Major currencies (March
       1973=100)(6)                        98.34         103.08
37   Other important trading partners
       (January 1997=100)(7)              130.26         132.87

                REAL

38   Broad (March 1973=100)(5)            102.18         105.74(r)
39   Major currencies (March
       1973=100)(6)                       102.85         108.13(r)
40   Other important trading partners
       (March 1973=100)(7)              107.69(r)      109.21(r)

                Item
                                           2000           2001
       COUNTRY/CURRENCY UNIT               Dec.           Jan.

                                        Exchange rates

 1   Australia/dollar(2)                   54.66          55.52
 2   Austria/schilling                     n.a.           n.a.
 3   Belgium/franc                         n.a.           n.a.
 4   Brazil/real                            1.9632         1.9561
 5   Canada/dollar                          1.5219         1.5032
 6   China, P.R./yuan                       8.2771         8.2776
 7   Denmark/krone                          8.3059         7.9629
 8   European Monetary Union/euro(3)        0.8983         0.9376
 9   Finland/markka                        n.a.           n.a.
10   France/franc                          n.a.           n.a.
11   Germany/deutsche mark                 n.a.           n.a.
12   Greece/drachma                       379.58         n.a.

13   Hong Kong/dollar                       7.7991         7.7998
14   India/rupee                           46.78          46.61
15   Ireland/pound(2)                      n.a.           n.a.
16   Italy/lira                            n.a.           n.a.
17   Japan/yen                            112.21         116.67
18   Malaysia/ringgit                       3.8000         3.8000
19   Mexico/peso                            9.467          9.769
20   Netherlands/guilder                   n.a.           n.a.
21   New Zealand/dollar(2)                 42.97          44.42
22   Norway/krone                           9.0616         8.7817
23   Portugal/escudo                       n.a.           n.a.

24   Singapore/dollar                       1.7361         1.7380
25   South Africa/rand                      7.6439         7.7786
26   South Korea/won                    1,216.94       1,272.63
27   Spain/peseta                          n.a.           n.a.
28   Sri Lanka/rupee                       82.030         85.833
29   Sweden/krona                           9.6604         9.4910
30   Switzerland/franc                      1.6855         1.6305
31   Taiwan/dollar                         33.123         32.673
32   Thailand/baht                         43.246         43.149
33   United Kingdom/pound(2)              146.29         147.75
34   Venezuela/bolivar                    698.85         700.02

                                        Indexes(4)

              NOMINAL

35   Broad (January 1997=100)(5)        123.28         123.14
36   Major currencies (March
       1973=100)(6)                     101.26         100.24
37   Other important trading partners
       (January 1997=100)(7)            133.61         135.01

                REAL

38   Broad (March 1973=100)(5)          104.84(r)      105.24(r)
39   Major currencies (March
       1973=100)(6)                     106.13(r)      105.89(r)
40   Other important trading partners
       (March 1973=100)(7)              109.67(r)      110.83(r)

                Item
                                           2001           2001
       COUNTRY/CURRENCY UNIT               Feb.           Mar.

                                        Exchange rates

 1   Australia/dollar(2)                   53.38          50.31
 2   Austria/schilling                     n.a.           n.a.
 3   Belgium/franc                         n.a.           n.a.
 4   Brazil/real                            2.0060         2.0955
 5   Canada/dollar                          1.5216         1.5587
 6   China, P.R./yuan                       8.2771         8.2775
 7   Denmark/krone                          8.1103         8.2229
 8   European Monetary Union/euro(3)        0.9205         0.9083
 9   Finland/markka                        n.a.           n.a.
10   France/franc                          n.a.           n.a.
11   Germany/deutsche mark                 n.a.           n.a.
12   Greece/drachma                        n.a.           n.a.(r)

13   Hong Kong/dollar                       7.7999         7.7999
14   India/rupee                           46.56          46.65
15   Ireland/pound(2)                      n.a.           n.a.
16   Italy/lira                            n.a.           n.a.
17   Japan/yen                            116.23         121.51
18   Malaysia/ringgit                       3.8000         3.8000
19   Mexico/peso                            9.711          9.599
20   Netherlands/guilder                   n.a.           n.a.
21   New Zealand/dollar(2)                 43.45          41.82
22   Norway/krone                           8.9180         8.9859
23   Portugal/escudo                       n.a.           n.a.

24   Singapore/dollar                       1.7435         1.7732
25   South Africa/rand                      7.8214         7.8980
26   South Korea/won                    1,252.85       1,291.41
27   Spain/peseta                          n.a.           n.a.
28   Sri Lanka/rupee                       87.136         85.730
29   Sweden/krona                           9.7518        10.0516
30   Switzerland/franc                      1.6686         1.6908
31   Taiwan/dollar                         32.330         32.622
32   Thailand/baht                         42.665         43.988
33   United Kingdom/pound(2)              145.25         144.45
34   Venezuela/bolivar                    703.36         706.06

                                        Indexes(4)

              NOMINAL

35   Broad (January 1997=100)(5)        123.77         125.91
36   Major currencies (March
       1973=100)(6)                     101.44         103.98
37   Other important trading partners
       (January 1997=100)(7)            134.52         135.56

                REAL

38   Broad (March 1973=100)(5)          105.97(r)      107.82(r)
39   Major currencies (March
       1973=100)(6)                     107.29(r)      109.91(r)
40   Other important trading partners
       (March 1973=100)(7)              110.83(r)      111.80(r)

                Item
                                           2001
       COUNTRY/CURRENCY UNIT               Apr.

                                          Exhange
                                           rates

 1   Australia/dollar(2)                   50.16
 2   Austria/schilling                     n.a.
 3   Belgium/franc                         n.a.
 4   Brazil/real                            2.1934
 5   Canada/dollar                          1.5578
 6   China, P.R./yuan                       8.2771
 7   Denmark/krone                          8.3657
 8   European Monetary Union/euro(3)        0.8925
 9   Finland/markka                        n.a.
10   France/franc                          n.a.
11   Germany/deutsche mark                 n.a.
12   Greece/drachma                        n.a.

13   Hong Kong/dollar                       7.7993
14   India/rupee                           46.79
15   Ireland/pound(2)                      n.a.
16   Italy/lira                            n.a.
17   Japan/yen                            123.77
18   Malaysia/ringgit                       3.8000
19   Mexico/peso                            9.328
20   Netherlands/guilder                   n.a.
21   New Zealand/dollar(2)                 40.69
22   Norway/krone                           9.0920
23   Portugal/escudo                       n.a.

24   Singapore/dollar                       1.8118
25   South Africa/rand                      8.0783
26   South Korea/won                    1,327.76
27   Spain/peseta                          n.a.
28   Sri Lanka/rupee                       88.205
29   Sweden/krona                          10.2035
30   Switzerland/franc                      1.7131
31   Taiwan/dollar                         32.941
32   Thailand/baht                         45.494
33   United Kingdom/pound(2)              143.48
34   Venezuela/bolivar                    710.39

                                        Indexes(4)

              NOMINAL

35   Broad (January 1997=100)(5)             126.97
36   Major currencies (March
       1973=100)(6)                          105.09
37   Other important trading partners
       (January 1997=100)(7)                 136.30

                REAL

38   Broad (March 1973=100)(5)               108.70
39   Major currencies (March
       1973=100)(6)                          111.12
40   Other important trading partners
       (March 1973=100)(7)                   112.31

(1.) Averages of certified noon buying rates in New York for cable
transfers. Data in this table also appear in the Board's G.5 (405)
monthly statistical release. For ordering address, see inside front
cover.
(2.) U.S. cents per currency unit.
(3.) The euro is reported in place of the individual euro area
currencies. By convention, the rate is reported in U.S. dollars
per euro. The bilateral currency rates can be derived from the
euro rate by using the fixed conversion rates (in currencies per
euro) as shown below:

Euro equals

13.7603 Austrian schillings
40.3399 Belgian francs
5.94573 Finnish markkas
6.55957 French francs
1.95583 German marks
.787564 Irish pounds
1936.27 Italian lire
40.3399 Luxembourg francs
2.20371 Netherlands guilders
200.482 Portuguese escudos
166.386 Spanish pesetas
340.750 Greek drachmas

(4.) Starting with the February 2001 Bulletin, revised index values
resulting from the annual revision of data that underlie the
calculated trade weights are reported. For more information
on the indexes of foreign exchange value of the dollar, see Federal
Reserve Bulletin, vol. 84 (October 1998), pp. 811-818.
(5.) Weighted average of the foreign exchange value of the U.S.
dollar against the currencies of a broad group of U.S. trading
partners. The weight for each currency is computed as an average of
U.S. bilateral import shares from and export shares to the issuing
country and of a measure of the importance to U.S. exporters of that
country's trade in third country markets.
(6.) Weighted average of the foreign exchange value of the U.S.
dollar against a subset of broad index currencies that circulate
widely outside the country of issue. The weight for each
currency is its broad index weight scaled so that the weights of the
subset of currencies in the index sum to one.
(7.) Weighted average of the foreign exchange value of the U.S.
dollar against a subset of broad index currencies that do not
circulate widely outside the country of issue. The weight
for each currency is its broad index weight scaled so that the
weights of the subset of currencies in the index sum to one.
COPYRIGHT 2001 Board of Governors of the Federal Reserve System
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Federal Reserve Bulletin
Article Type:Illustration
Geographic Code:1USA
Date:Jun 1, 2001
Words:65550
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