Financial and Business Statistics.
Guide to Tabular Presentation
SYMBOLS AND ABBREVIATIONS
c Corrected
e Estimated
n.a. Not available
p Preliminary
r Revised (Notation appears on column heading
when about half of the figures in that column
are changed.)
Amounts insignificant in terms of the last decimal
place shown in the table (for example, less than
500,000 when the smallest unit given is millions)
0 Calculated to be zero
... Cell not applicable
ATS Automatic transfer service
BIF Bank insurance fund
CD Certificate of deposit
CMO Collateralized mortgage obligation
CRA Community Reinvestment Act of 1977
FFB Federal Financing Bank
FHA Federal Housing Administration
FHLBB Federal Home Loan Bank Board
FHLMC Federal Home Loan Mortgage Corporation
FmHA Farmers Home Administration
FNMA Federal National Mortgage Association
FSA Farm Service Agency
FSLIC Federal Savings and Loan Insurance Corporation
G-7 Group of Seven
G-10 Group of Ten
GDP Gross domestic product
GNMA Government National Mortgage Association
HUD Department of Housing and Urban
Development
IMF International Monetary Fund
IOs Interest only, stripped, mortgage-back securities
IPCs Individuals, partnerships, and corporations
IRA Individual retirement account
MMDA Money market deposit account
MSA Metropolitan statistical area
NOW Negotiable order of withdrawal
OCDs Other checkable deposits
OPEC Organization of Petroleum Exporting Countries
OTS Office of Thrift Supervision
PMI Private mortgage insurance
POs Principal only, stripped, mortgage-back securities
REIT Real estate investment trust
REMICs Real estate mortgage investment conduits
RHS Rural Housing Service
RP Repurchase agreement
RTC Resolution Trust Corporation
SCO Securitized credit obligation
SDR Special drawing right
SIC Standard Industrial Classification
VA Department of Veterans Affairs
GENERAL INFORMATION In many of the tables, components do not sum to totals because of rounding. Minus signs are used to indicate (1) a decrease, (2) a negative figure, or (3) an outflow. "U.S. government securities" may include guaranteed issues of U.S. government agencies (the flow of funds figures also include not fully guaranteed issues) as well as direct obligations of the Treasury. "State and local government" also includes municipalities, special districts, and other political subdivisions.
1.10 RESERVES, MONEY STOCK, AND DEBT MEASURES
Percent annual rate of change, seasonally adjusted(1)
1999 2000(r)
Monetary or credit aggregate
Q3 Q4(r) Q1 Q2
Reserves of depository
institutions(2)
1 Total -16.1 -3.4 1.8 -9.5
2 Required -16.0 -4.5 .1 -5.9
3 Nonborrowed -17.9 -3.0 2.4 -11.1
4 Monetary base(3) 9.0 20.4 4.3 -3.2
Concepts of money and
debt(4)
5 M1 -1.8 4.8 .0 -1.2
6 M2 5.4(r) 5.2 6.1 6.3
7 M3 5.1(r) 10.5 10.8 8.0
8 Debt 6.1(r) 6.3 5.6 6.3
Nontransaction
components
9 In M2(5) 7.7(r) 5.3 8.0 8.6
10 In M3 only(6) 4.3(r) 25.2 23.2 12.2
Time and savings
deposits
Commercial banks
11 Savings, including 10.6 4.2 3.6 8.1
MMDAs
12 Small time(7) 2.1 7.0 9.3 13.7
13 Large time(8,9) .2(r) 38.5 22.2 17.7
Thrift institutions
14 Savings, including 13.3 -3.3 -1.7 1.9
MMDAs
15 Small time(7) -3.2 5.1 7.2 3.7
16 Large time(8) 1.6 6.0 17.9 -.7
Money market mutual
funds
17 Retail 8.9(r) 10.8 19.3 10.9
18 Institution-only 9.1(r) 22.0 23.8 13.7
Repurchase agreements
and eurodollars
19 Repurchase agreements(10) 10.9 19.5 22.4 10.8
20 Eurodollars(10) -9.7 13.3 29.2 -3.3
Debt components(4)
21 Federal .1(r) -4.4 -4.8 -7.5
22 Nonfederal 7.8(r) 9.3 8.4 9.9
2000
Monetary or credit aggregate
Apr.(r) May(r) June(r)
Reserves of depository
institutions(2)
1 Total 13.8 12.5 -40.6
2 Required 16.1 19.0 -45.1
3 Nonborrowed 10.2 10.9 -44.4
4 Monetary base(3) 3.4 2.5 2.8
Concepts of money and
debt(4)
5 M1 5.1 -10.9 -1.7
6 M2 10.6 -.5 3.8
7 M3 8.8 3.6 7.4
8 Debt 6.8 5.3 5.8
Nontransaction
components
9 In M2(5) 12.2 2.7 5.4
10 In M3 only(6) 4.4 14.1 16.5
Time and savings
deposits
Commercial banks
11 Savings, including 14.8 -2.4 7.3
MMDAs
12 Small time(7) 16.8 10.9 17.5
13 Large time(8,9) 35.2 1.7 19.1
Thrift institutions
14 Savings, including -7.7 11.5 -1.9
MMDAs
15 Small time(7) -1.5 7.0 9.2
16 Large time(8) -5.1 -12.7 24.4
Money market mutual
funds
17 Retail 20.3 -1.9 -3.9
18 Institution-only -1.5 17.0 15.5
Repurchase agreements
and eurodollars
19 Repurchase agreements(10) -8.9 33.1 28.8
20 Eurodollars(10) -51.1 24.9 -17.6
Debt components(4)
21 Federal -5.4 -18.1 -8.4
22 Nonfederal 10.0 11.3 9.3
2000
Monetary or credit aggregate
July(r) Aug.
Reserves of depository
institutions(2)
1 Total 9.0 -8.3
2 Required 9.1 -8.0
3 Nonborrowed 6.4 -8.7
4 Monetary base(3) 3.7 .4
Concepts of money and
debt(4)
5 M1 1.3 -2.8
6 M2 3.6 7.5
7 M3 9.4 10.4
8 Debt 4.7 n.a.
Nontransaction
components
9 In M2(5) 4.3 10.6
10 In M3 only(6) 23.5 17.5
Time and savings
deposits
Commercial banks
11 Savings, including 10.0 14.5
MMDAs
12 Small time(7) 8.2 9.2
13 Large time(8,9) 17.0 22.4
Thrift institutions
14 Savings, including -.5 7.4
MMDAs
15 Small time(7) 12.4 16.2
16 Large time(8) 26.4 28.3
Money market mutual
funds
17 Retail -7.9 5.4
18 Institution-only 51.8 28.2
Repurchase agreements
and eurodollars
19 Repurchase agreements(10) 5.9 -16.9
20 Eurodollars(10) -22.7 22.5
Debt components(4)
21 Federal -3.9 n.a.
22 Nonfederal 6.8 n.a.
(1.) Unless otherwise noted, rates of change are calculated from
average amounts outstanding during preceding month or quarter.
(2.) Figures incorporate adjustments for discontinuities, or
"breaks," associated with regulatory changes in reserve requirements.
(See also table 1.20.)
(3.) The seasonally adjusted, break-adjusted monetary base consists
of (1) seasonally adjusted, break-adjusted total reserves (line 1),
plus (2) the seasonally adjusted currency component of the money
stock, plus (3) (for all quarterly reporters on the "Report of
Transaction Accounts, Other Deposits and Vault Cash" and for all
weekly reporters whose vault cash exceeds their required reserves)
the seasonally adjusted, break-adjusted difference between current
vault cash and the amount applied to satisfy current reserve
requirements.
(4.) Composition of the money stock measures and debt is as follows:
M1: (1) currency outside the U.S. Treasury, Federal Reserve Banks,
and the vaults of depository institutions, (2) travelers checks of
nonbank issuers, (3) demand deposits at all commercial banks other
than those owed to depository institutions, the U.S. government, and
foreign banks and official institutions, less cash items in the
process of collection and Federal Reserve float, and (4) other
checkable deposits (OCDs), consisting of negotiable order of
withdrawal (NOW) and automatic transfer service (ATS) accounts at
depository institutions, credit union share draft accounts, and
demand deposits at thrift institutions. Seasonally adjusted MI is
computed by summing currency, travelers checks, demand deposits, and
OCDs, each seasonally adjusted separately.
M2: M1 plus (1) savings (including MMDAs), (2) small-denomination time
deposits (time deposits--including retail RPs--in amounts of less than
$100,000), and (3) balances in retail money market mutual funds.
Excludes individual retirement accounts (IRAs) and Keogh balances at
depository institutions and money market funds. Seasonally adjusted M2
is calculated by summing savings deposits, small-denomination time
deposits, and retail money fund balances, each seasonally adjusted
separately, and adding this result to seasonally adjusted M1.
M3: M2 plus (1) large-denomination time deposits (in amounts of
$100,000 or more), (2) balances in institutional money funds, (3) RP
liabilities (overnight and term) issued by all depository
institutions, and (4) eurodollars (overnight and term) held by U.S.
residents at foreign branches of U.S. banks worldwide and at all
banking offices in the United Kingdom and Canada. Excludes amounts
held by depository institutions, the U.S. government, money market
funds, and foreign banks and official institutions. Seasonally
adjusted M3 is calculated by summing large time deposits,
institutional money fund balances, RP liabilities, and eurodollars,
each seasonally adjusted separately, and adding this result to
seasonally adjusted M2.
Debt: The debt aggregate is the outstanding credit market debt of the
domestic nonfinancial sectors--the federal sector (U.S. government,
not including government-sponsored enterprises or federally related
mortgage pools) and the nonfederal sectors (state and local
governments, households and nonprofit organizations, nonfinancial
corporate and nonfarm noncorporate businesses, and farms). Nonfederal
debt consists of mortgages, tax-exempt and corporate bonds, consumer
credit, bank loans, commercial paper, and other loans. The data,
which are derived from the Federal Reserve Board's flow of funds
accounts, are break-adjusted (that is, discontinuities in the data
have been smoothed into the series) and month-averaged (that is, the
data have been derived by averaging adjacent month-end levels).
(5.) Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances, each seasonally adjusted
separately.
(6.) Sum of (1) large time deposits, (2) institutional money fund
balances, (3) RP liabilities (overnight and term) issued by depository
institutions, and (4) eurodollars (overnight and term) of U.S.
addressees, each seasonally adjusted separately.
(7.) Small time deposits--including retail RPs--are those issued in
amounts of less than $100,000. All IRA and Keogh account balances at
commercial banks and thrift institutions are subtracted from small
time deposits.
(8.) Large time deposits are those issued in amounts of $100,000 or
more, excluding those booked at international banking facilities.
(9.) Large time deposits at commercial banks less those held by
money market funds, depository institutions, the U.S. government, and
foreign banks and official institutions.
(10.) Includes both overnight and term.
1.11 RESERVES OF DEPOSITORY INSTITUTIONS AND RESERVE BANK CREDIT(1)
Millions of dollars
Average of
daily figures
Factor 2000
June July Aug.
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 558,662 559,982 557,962
U.S. government securities(2)
2 Bought outright--System
account(3) 507,018 506,116 509,923
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 140 140 140
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty(4) 16,905 17,642 12,059
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 87 64 24
9 Seasonal credit 389 513 559
10 Special Liquidity Facility
credit 0 0 0
11 Extended credit 0 0 0
12 Float 788 469 896
13 Other Federal Reserve assets 33,334 35,038 34,362
14 Gold stock 11,047 11,046 11,046
15 Special drawing fights
certificate account 4,667 4,200 4,200
16 Treasury currency outstanding 29,898 30,167(r) 30,317
ABSORBING RESERVE FUNDS
17 Currency in circulation 568,485 570,798(r) 569,405
18 Reverse repurchase agreements--
triparty(4) 0 0 0
19 Treasury cash holdings 87 85 146
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 6,232 5,172 5,047
21 Foreign 85 120 87
22 Service-related balances and
adjustments 6,893 6,784 6,746
23 Other 234 233 239
24 Other Federal Reserve liabilities
and capital 15,627 15,652 15,269
25 Reserve balances with Federal
Reserve Banks(5) 6,631 6,552(r) 6,588
Average of daily figures for
week ending on date indicated
Factor 2000
July 19 July 26 Aug. 2
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 558,305 558,298 558,844
U.S. government securities(2)
2 Bought outright--System
account(3) 507,047 506,293 506,448
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 140 140 140
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty(4) 14,873 15,237 14,755
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 31 12 38
9 Seasonal credit 505 549 569
10 Special Liquidity Facility
credit 0 0 0
11 Extended credit 0 0 0
12 Float 589 482 1,330
13 Other Federal Reserve assets 35,119 35,585 35,565
14 Gold stock 11,046 11,046 11,046
15 Special drawing fights
certificate account 4,200 4,200 4,200
16 Treasury currency outstanding 30,184(r) 30,234(r) 30,283
ABSORBING RESERVE FUNDS
17 Currency in circulation 570,520(r) 568,846(r) 568,896
18 Reverse repurchase agreements--
triparty(4) 0 0 0
19 Treasury cash holdings 69 102 119
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 5,333 4,633 5,106
21 Foreign 98 111 90
22 Service-related balances and
adjustments 6,595 6,837 6,553
23 Other 249 217 235
24 Other Federal Reserve liabilities
and capital 15,339 15,792 15,449
25 Reserve balances with Federal
Reserve Banks(5) 5,532 7,239(r) 7,924
Average of daily figures
for week ending on
date indicated
Factor 2000
Aug. 9 Aug. 16
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 557,918 558,150
U.S. government securities(2)
2 Bought outright--System
account(3) 508,712 510,753
3 Held under repurchase
agreements 0 0
Federal agency obligations
4 Bought outright 140 140
5 Held under repurchase
agreements 0 0
6 Repurchase agreements--
triparty(4) 12,039 10,822
7 Acceptances 0 0
Loans to depository
institutions
8 Adjustment credit 16 9
9 Seasonal credit 540 539
10 Special Liquidity Facility
credit 0 0
11 Extended credit 0 0
12 Float 917 899
13 Other Federal Reserve assets 35,555 34,988
14 Gold stock 11,046 11,046
15 Special drawing fights
certificate account 4,200 4,200
16 Treasury currency outstanding 30,297 30,311
ABSORBING RESERVE FUNDS
17 Currency in circulation 569,646 569,951
18 Reverse repurchase agreements--
triparty(4) 0 0
19 Treasury cash holdings 128 140
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 4,791 5,226
21 Foreign 94 80
22 Service-related balances and
adjustments 6,689 6,824
23 Other 256 255
24 Other Federal Reserve liabilities
and capital 15,353 15,246
25 Reserve balances with Federal
Reserve Banks(5) 6,504 5,984
Average of daily figures
for week ending on
date indicated
Factor 2000
Aug. 23 Aug. 30
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 557,929 556,799
U.S. government securities(2)
2 Bought outright--System
account(3) 509,767 511,147
3 Held under repurchase
agreements 0 0
Federal agency obligations
4 Bought outright 140 140
5 Held under repurchase
agreements 0 0
6 Repurchase agreements--
triparty(4) 13,281 10,761
7 Acceptances 0 0
Loans to depository
institutions
8 Adjustment credit 14 54
9 Seasonal credit 565 586
10 Special Liquidity Facility
credit 0 0
11 Extended credit 0 0
12 Float 959 492
13 Other Federal Reserve assets 33,204 33,619
14 Gold stock 11,046 11,046
15 Special drawing fights
certificate account 4,200 4,200
16 Treasury currency outstanding 30,325 30,339
ABSORBING RESERVE FUNDS
17 Currency in circulation 568,921 568,619
18 Reverse repurchase agreements--
triparty(4) 0 0
19 Treasury cash holdings 157 161
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 4,824 5,245
21 Foreign 101 77
22 Service-related balances and
adjustments 6,820 6,693
23 Other 234 205
24 Other Federal Reserve liabilities
and capital 15,234 15,301
25 Reserve balances with Federal
Reserve Banks(5) 7,208 6,083
Average of
daily figures
Factor End of month figures
June July Aug.
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 566,538 560,828 562,883
U.S. government securities(2)
2 Bought outright--System
account(3) 504,950 506,103 510,182
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 140 140 140
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty(4) 26,930 17,490 18,525
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 54 45 30
9 Seasonal credit 458 584 567
10 Special Liquidity Facility
credit 0 0 0
11 Extended credit 0 0 0
12 Float -12 1,348 198
13 Other Federal Reserve assets 34,019 35,119 33,240
14 Gold stock 11,046 11,046 11,046
15 Special drawing fights
certificate account 4,200 4,200 4,200
16 Treasury currency outstanding 29,979 30,283(r) 30,353
ABSORBING RESERVE FUNDS
17 Currency in circulation 571,115 568,806(r) 571,234
18 Reverse repurchase agreements--
triparty(4) 0 0 0
19 Treasury cash holdings 76 118 166
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 6,208 5,392 5,961
21 Foreign 105 76 79
22 Service-related balances and
adjustments 7,064 6,553 6,788
23 Other 203 228 214
24 Other Federal Reserve liabilities
and capital 15,719 15,331 15,180
25 Reserve balances with Federal
Reserve Banks(5) 11,274 9,852(r) 8,859
Average of daily figures for
week ending on date indicated
Factor Wednesday figures
July 19 July 26 Aug. 2
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 557,890 561,822 556,896
U.S. government securities(2)
2 Bought outright--System
account(3) 507,093 507,830 507,522
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 140 140 140
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty(4) 14,010 16,955 11,990
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 101 12 34
9 Seasonal credit 536 556 572
10 Special Liquidity Facility
credit 0 0 0
11 Extended credit 0 0 0
12 Float 719 533 1,393
13 Other Federal Reserve assets 35,292 35,796 35,246
14 Gold stock 11,046 11,046 11,046
15 Special drawing fights
certificate account 4,200 4,200 4,200
16 Treasury currency outstanding 30,184(r) 30,234(r) 30,283
ABSORBING RESERVE FUNDS
17 Currency in circulation 570,425(r) 569,588(r) 570,320
18 Reverse repurchase agreements--
triparty(4) 0 0 0
19 Treasury cash holdings 99 118 127
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 5,922 5,134 4,714
21 Foreign 148 94 74
22 Service-related balances and
adjustments 6,595 6,837 6,553
23 Other 225 221 263
24 Other Federal Reserve liabilities
and capital 14,966 15,436 14,853
25 Reserve balances with Federal
Reserve Banks(5) 4,941 9,873 5,521
Average of daily figures
for week ending on
date indicated
Factor Wednesday figures
Aug. 9 Aug. 16
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 564,423 557,033
U.S. government securities(2)
2 Bought outright--System
account(3) 510,520 513,023
3 Held under repurchase
agreements 0 0
Federal agency obligations
4 Bought outright 140 140
5 Held under repurchase
agreements 0 0
6 Repurchase agreements--
triparty(4) 16,850 10,020
7 Acceptances 0 0
Loans to depository
institutions
8 Adjustment credit 15 12
9 Seasonal credit 543 545
10 Special Liquidity Facility
credit 0 0
11 Extended credit 0 0
12 Float 582 280
13 Other Federal Reserve assets 35,773 33,012
14 Gold stock 11,046 11,046
15 Special drawing fights
certificate account 4,200 4,200
16 Treasury currency outstanding 30,297 30,311
ABSORBING RESERVE FUNDS
17 Currency in circulation 570,855 570,668
18 Reverse repurchase agreements--
triparty(4) 0 0
19 Treasury cash holdings 137 156
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 4,907 3,943
21 Foreign 101 83
22 Service-related balances and
adjustments 6,689 6,824
23 Other 254 259
24 Other Federal Reserve liabilities
and capital 15,379 14,908
25 Reserve balances with Federal
Reserve Banks(5) 11,644 5,748
Average of daily figures
for week ending on
date indicated
Factor Wednesday figures
Aug. 23 Aug. 30
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 563,303 559,930
U.S. government securities(2)
2 Bought outright--System
account(3) 510,664 513,095
3 Held under repurchase
agreements 0 0
Federal agency obligations
4 Bought outright 140 140
5 Held under repurchase
agreements 0 0
6 Repurchase agreements--
triparty(4) 18,330 11,935
7 Acceptances 0 0
Loans to depository
institutions
8 Adjustment credit 7 20
9 Seasonal credit 580 586
10 Special Liquidity Facility
credit 0 0
11 Extended credit 0 0
12 Float 143 319
13 Other Federal Reserve assets 33,440 33,835
14 Gold stock 11,046 11,046
15 Special drawing fights
certificate account 4,200 4,200
16 Treasury currency outstanding 30,325 30,339
ABSORBING RESERVE FUNDS
17 Currency in circulation 569,442 570,777
18 Reverse repurchase agreements--
triparty(4) 0 0
19 Treasury cash holdings 161 161
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 5,150 5,948
21 Foreign 71 99
22 Service-related balances and
adjustments 6,820 6,693
23 Other 203 202
24 Other Federal Reserve liabilities
and capital 14,947 14,915
25 Reserve balances with Federal
Reserve Banks(5) 12,079 6,720
(1.) Amounts of cash held as reserves are shown in table 1.12, line 2.
(2.) Includes securities loaned--fully guaranteed by U.S. government
securities pledged with Federal Reserve Banks--and excludes securities
sold and scheduled to be bought back under matched sale-purchase
transactions.
(3.) Includes compensation that adjusts for the effects of inflation
on the principal of inflation-indexed securities.
(4.) Cash value of agreements arranged through third-party custodial
banks. These agreements are collateralized by U.S. government and
federal agency securities.
(5.) Excludes required clearing balances and adjustments to compensate
for float.
1.12 RESERVES AND BORROWINGS Depository Institutions(1)
Millions of dollars
Prorated monthly averages
of biweekly averages
Reserve classification 1997 1998 1999
Dec. Dec. Dec.
1 Reserve balances with 10,664 9,026 5,263
Reserve Banks(2)
2 Total vault cash(3) 44,742 44,294 60,630
3 Applied vault cash(4) 37,255 36,183 36,392
4 Surplus vault cash(5) 7,486 8,111 24,238
5 Total reserves(6) 47,919 45,209 41,655
6 Required reserves 46,235 43,695 40,348(r)
7 Excess reserve balances 1,685 1,514 1,307(r)
at Reserve Banks(7)
8 Total borrowing at Reserve 324 117 320
Banks
9 Adjustment 245 101 179
10 Seasonal 79 15 67
11 Special Liquidity 0 0 74
Facility(8)
12 Extended credit(9) 0 0 0
Prorated monthly averages
of biweekly averages
Reserve classification 2000
Feb.(r) Mar.(r) Apr.(r)
1 Reserve balances with 5,074 6,515 7,081
Reserve Banks(2)
2 Total vault cash(3) 63,770 48,952 46,456
3 Applied vault cash(4) 37,023 33,237 33,512
4 Surplus vault cash(5) 26,747 15,715 12,944
5 Total reserves(6) 42,097 39,752 40,593
6 Required reserves 40,985 38,547 39,448
7 Excess reserve balances 1,112 1,205 1,145
at Reserve Banks(7)
8 Total borrowing at Reserve 108 179 304
Banks
9 Adjustment 45 101 184
10 Seasonal 44 71 120
11 Special Liquidity 19 7 0
Facility(8)
12 Extended credit(9) 0 0 0
Prorated monthly averages
of biweekly averages
Reserve classification 2000
May(r) June(r)
1 Reserve balances with 7,661 6,460
Reserve Banks(2)
2 Total vault cash(3) 44,643 44,560
3 Applied vault cash(4) 33,898 32,757
4 Surplus vault cash(5) 10,745 11,802
5 Total reserves(6) 41,558 39,217
6 Required reserves 40,616 38,153
7 Excess reserve balances 943 1,064
at Reserve Banks(7)
8 Total borrowing at Reserve 362 479
Banks
9 Adjustment 86 90
10 Seasonal 276 389
11 Special Liquidity 0 0
Facility(8)
12 Extended credit(9) 0 0
Prorated monthly averages
of biweekly averages
Reserve classification 2000
July(r) Aug.
1 Reserve balances with 6,582 6,909
Reserve Banks(2)
2 Total vault cash(3) 45,475 45,322
3 Applied vault cash(4) 33,086 32,610
4 Surplus vault cash(5) 12,389 12,712
5 Total reserves(6) 39,668 39,519
6 Required reserves 38,600 38,471
7 Excess reserve balances 1,068 1,048
at Reserve Banks(7)
8 Total borrowing at Reserve 570 579
Banks
9 Adjustment 60 25
10 Seasonal 510 554
11 Special Liquidity 0 0
Facility(8)
12 Extended credit(9) 0 0
Biweekly averages of daily
figures for two week periods
ending on dates indicated
Reserve classification 2000
May 3(r) May 17(r) May 31(r)
1 Reserve balances with 7,484 7,619 7,741
Reserve Banks(2)
2 Total vault cash(3) 44,599 44,131 45,164
3 Applied vault cash(4) 34,383 33,233 34,458
4 Surplus vault cash(5) 10,216 10,898 10,706
5 Total reserves(6) 41,867 40,852 42,199
6 Required reserves 40,867 39,955 41,223
7 Excess reserve balances 999 897 976
at Reserve Banks(7)
8 Total borrowing at Reserve 276 303 440
Banks
9 Adjustment 120 65 100
10 Seasonal 156 238 340
11 Special Liquidity
Facility(8) ... ... ...
12 Extended credit(9) 0 0 0
Biweekly averages of daily
figures for two week periods
ending on dates indicated
Reserve classification 2000
June 14(r) June 28(r) July 12(r)
1 Reserve balances with 6,498 6,413 6,524
Reserve Banks(2)
2 Total vault cash(3) 43,847 45,098 45,783
3 Applied vault cash(4) 32,184 33,333 32,742
4 Surplus vault cash(5) 11,663 11,765 13,041
5 Total reserves(6) 38,682 39,746 39,266
6 Required reserves 37,769 38,545 38,103
7 Excess reserve balances 913 1,200 1,162
at Reserve Banks(7)
8 Total borrowing at Reserve 472 471 589
Banks
9 Adjustment 134 43 117
10 Seasonal 339 428 472
11 Special Liquidity
Facility(8) ... ... ...
12 Extended credit(9) 0 0 0
Biweekly averages of daily
figures for two week periods
ending on dates indicated
Reserve classification 2000
July 26(r) Aug. 9(r)
1 Reserve balances with 6,388 7,267
Reserve Banks(2)
2 Total vault cash(3) 44,921 46,291
3 Applied vault cash(4) 33,184 33,638
4 Surplus vault cash(5) 11,737 12,654
5 Total reserves(6) 39,572 40,904
6 Required reserves 38,596 39,802
7 Excess reserve balances 975 1,102
at Reserve Banks(7)
8 Total borrowing at Reserve 549 581
Banks
9 Adjustment 22 27
10 Seasonal 527 555
11 Special Liquidity
Facility(8) ... ...
12 Extended credit(9) 0 0
Biweekly averages of daily
figures for two week periods
ending on dates indicated
Reserve classification 2000
Aug. 23 Sept. 6
1 Reserve balances with 6,603 7,043
Reserve Banks(2)
2 Total vault cash(3) 45,398 44,099
3 Applied vault cash(4) 32,195 32,182
4 Surplus vault cash(5) 13,204 11,917
5 Total reserves(6) 38,797 39,225
6 Required reserves 37,818 38,117
7 Excess reserve balances 979 1,108
at Reserve Banks(7)
8 Total borrowing at Reserve 564 604
Banks
9 Adjustment 12 45
10 Seasonal 552 559
11 Special Liquidity
Facility(8) ... ...
12 Extended credit(9) 0 0
(1.) Data in this table also appear in the Board's H.3 (502) weekly
statistical release. For ordering address, see inside front cover.
Data are not break-adjusted or seasonally adjusted.
(2.) Excludes required clearing balances and adjustments to compensate
for float and includes other off-balance-sheet "as-of" adjustments.
(3.) Vault cash eligible to satisfy reserve requirements. It includes
only vault cash held by those banks and thrift institutions that are
not exempt from reserve requirements. Dates refer to the maintenance
periods in which the vault cash can be used to satisfy reserve
requirements.
(4.) All vault cash held during the lagged computation period by
"bound" institutions (that is, those whose required reserves exceed
their vault cash) plus the amount of vault cash applied during the
maintenance period by "nonbound" institutions (that is, those whose
vault cash exceeds their required reserves) to satisfy current
reserve requirements.
(5.) Total vault cash (line 2) less applied vault cash (line 3).
(6.) Reserve balances with Federal Reserve Banks (line 1) plus
applied vault cash (line 3).
(7.) Total reserves (line 5) less required reserves (line 6).
(8.) Borrowing at the discount window under the terms and conditions
established for the Century Date Change Special Liquidity Facility in
effect from October 1, 1999 through April 7, 2000.
(9.) Consists of borrowing at the discount window under the terms and
conditions established for the extended credit program to help
depository institutions deal with sustained liquidity pressures.
Because there is not the same need to repay such borrowing promptly as
with traditional short-term adjustment credit, the money market effect
of extended credit is similar to that of nonborrowed reserves.
1.14 FEDERAL RESERVE BANK INTEREST RATS
Percent per year
Current and previous levels
Adjustment credit(1)
Federal Reserve
Bank
On Effective Previous
10/6/00 date rate
Boston 6.00 5/16100 5.50
New York 6.00 5/19/00 5.50
Philadelphia 6.00 5/18/00 5.50
Cleveland 6.00 5/16/00 5.50
Richmond 6.00 5/16/00 5.50
Atlanta 6.00 5/17/00 5.50
Chicago 6.00 5/17100 5.50
St. Louis 6.00 5/18/00 5.50
Minneapolis 6.00 5/18/00 5.50
Kansas City 6.00 5/17/00 5.50
Dallas 6.00 5/17/00 5.50
San Francisco 6.00 5116/00 5.50
Current and previous levels
Seasonal credit(2)
Federal Reserve
Bank
On Effective Previous
10/6/00 date rate
Boston 6.60 10/5/00 6.55
New York 6.60 10/5/00 6.55
Philadelphia 6.60 10/5/00 6.55
Cleveland 6.60 10/5/00 6.55
Richmond 6.60 10/5/00 6.55
Atlanta 6.60 10/5/00 6.55
Chicago 6.60 10/5/00 6.55
St. Louis 6.60 10/5/00 6.55
Minneapolis 6.60 10/5/00 6.55
Kansas City 6.60 10/5/00 6.55
Dallas 6.60 10/5/00 6.55
San Francisco 6.60 10/5/00 6.55
Current and previous levels
Extended credit(3)
Federal Reserve
Bank
On Effective Previous
10/6/00 date rate
Boston 7.10 10/5/00 7.05
New York 7.10 10/5/00 7.05
Philadelphia 7.10 10/5/00 7.05
Cleveland 7.10 10/5/00 7.05
Richmond 7.10 10/5/00 7.05
Atlanta 7.10 10/5/00 7.05
Chicago 7.10 10/5/00 7.05
St. Louis 7.10 10/5/00 7.05
Minneapolis 7.10 10/5/00 7.05
Kansas City 7.10 10/5/00 7.05
Dallas 7.10 10/5/00 7.05
San Francisco 7.10 10/5/00 7.05
Range of rates for adjustment
credit in recent years(4)
Range (or F.R. Bank
Effective date level)--All or
F.R. Banks N.Y.
In effect Dec. 31, 1977 6 6
1978--Jan. 9 6-6.5 6.5
20 6.5 6.5
May 11 6.5-7 7
12 7 7
July 3 7-7.25 7.25
10 7.25 7.25
Aug. 21 7.75 7.75
Sept. 22 8 8
Oct. 16 8-8.5 8.5
20 8.5 8.5
Nov. 1 8.5-9.5 9.5
3 9.5 9.5
1979--July 20 10 10
Aug. 17 10-10.5 10.5
20 10.5 10.5
Sept. 19 10.5-11 11
21 11 11
Oct. 8 11-12 12
10 12 12
1980--Feb. 15 12-13 13
19 13 13
May 29 12-13 13
30 12 12
June 13 11-12 11
16 11 11
July 28 10-11 10
29 10 10
Sept. 26 11 11
Nov. 17 12 12
Dec. 5 12-13 13
8 13 13
1981--May 5 13-14 14
8 14 14
Nov. 2 13-14 13
6 13 13
Dec. 4 12 12
1982--July 20 11.5-12 11.5
23 11.5 11.5
Aug. 2 11-11.5 11
3 11 11
16 10.5 105
27 10-10.5 10
30 10 10
1982--Oct. 12 9.5-10 9.5
13 9.5 9.5
Nov. 22 9-9.5 9
26 9 9
Dec. 14 8.5-9 9
15 8.5-9 8.5
17 8.5 8.5
1984--Apr. 9 8.5-9 9
13 9 9
Nov. 21 8.5-9 8.5
26 8.5 8.5
Dec. 24 8 8
1985--May 20 7.5-8 7.5
24 7.5 7.5
1986--Mar. 7 7-7.5 7
10 7 7
Apr. 21 6.5-7 6.5
23 6.5 6.5
July 11 6 6
Aug. 21 5.5-6 5.5
22 5.5 5.5
1987--Sept. 4 5.5-6 6
11 6 6
1988--Aug. 9 6-6.5 6.5
11 6.5 6.5
1989--Feb. 24 6.5-7 7
27 7 7
1990--Dec. 19 6.5 6.5
1991--Feb. 1 6-6.5 6
4 6 6
Apr. 30 5.5-6 5.5
May 2 5.5 5.5
Sept. 13 5-5.5 5
17 5 5
Nov. 6 4.5-5 4.5
7 4.5 4.5
Dec. 20 3.5-4.5 3.5
24 3.5 3.5
1992--July 2 3-3.5 3
7 3 3
1994--May 17 3-3.5 3.5
18 3.5 3.5
Aug. 16 3.5-4 4
18 4 4
Nov. 15 4-4.75 4.75
17 4.75 4.75
1995--Feb. 1 4.75-5.25 5.25
9 5.25 5.25
1996--Jan. 31 5.00-5.25 5.00
Feb. 5 5.00 5.00
1998--Oct. 15 4.75-5.00 4.75
16 4.75 4.75
Nov. 17 4.50-4.75 4.50
19 4.50 4.50
1999--Aug. 24 4.504.75 4.75
26 4.75 4.75
Nov. 16 4.75-5.00 4.75
18 5.00 5.00
2000--Feb. 2 5.00-5.25 5.25
4 5.25 5.25
Mar. 21 5.25-5.50 5.50
23 5.50 5.50
May 16 5.50-6.00 5.50
19 6.00 6.00
In effect Oct. 6, 2000 6.00 6.00
(1.) Available on a short-term basis to help depository institutions
meet temporary needs for funds that cannot be met through reasonable
alternative sources. The highest rate established for loans to
depository institutions may be charged on adjustment credit loans of
unusual size that result from a major operating problem at the
borrower's facility.
(2.) Available to help relatively small depository
institutions meet regular seasonal needs for funds that arise from a
clear pattern of intrayearly movements in their deposits and loans and
that cannot be met through special industry lenders. The discount rate
on seasonal credit takes into account rates charged by market sources
of funds and ordinarily is reestablished on the first business day of
each two-week reserve maintenance period; however, it is never less
than the discount rate applicable to adjustment credit.
(3.) May be made available to depository, institutions
when similar assistance is not reasonably available from
other sources, including special industry lenders. Such credit
may be provided when exceptional circumstances (including sustained
deposit drains, impaired access to money market funds, or
sudden deterioration in loan repayment performance) or
practices involve only a particular institution, or to meet the needs
of institutions experiencing difficulties adjusting to changing market
conditions over a longer period (particularly at times of deposit
disintermediation). The discount rote applicable to adjustment credit
ordinarily is charged on extended-credit loans outstanding less than
thirty days; however, at the discretion of the Federal
Reserve Bank, this time period may be shortened. Beyond
this initial period, a flexible rate somewhat above rates charged on
market sources of funds is charged. The rate ordinarily is
reestablished on the first business day of each two-week reserve
maintenance period, but it is never less than the discount rate
applicable to adjustment credit plus 50 basis points.
(4.) For earlier data, see the following publications of the Board of
Governors: Banking and Monetary Statistics, 1914-1941, and 1941-1970;
and the Annual Statistical Digest, 1970- 1979.
In 1980 and 1981, the Federal Reserve applied a surcharge to short-term
adjustment-credit borrowings by institutions with deposits of $500
million or more that had borrowed in successive weeks or in more than
four weeks in a calendar quarter. A 3 percent surcharge was in effect
from Mar. 17, 1980, through May 7, 1980. A surcharge of 2 percent was
reimposed on Nov. 17, 1980; the surcharge was subsequently raised to 3
percent on Dec. 5, 1980, and to 4 percent on May 5, 1981. The surcharge
was reduced to 3 percent effective Sept. 22, 1981, and to 2 percent
effective Oct. 12, 1981. As of Oct. 1, 1981, the formula for applying
the surcharge was changed from a calendar quarter to a moving
thirteen-week period. The surcharge was eliminated on Nov. 17, 1981.
1.15 RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS
Requirement
Type of deposit
Percentage of Effective date
deposits
Net transaction accounts(2)
1 $0 million-$44.3 million(3) 3 12/30/99
2 More than $44.3 million(4) 10 12/30/99
3 Nonpersonal time deposits(5) 0 12/27/90
4 Eurocurrency liabilities(6) 0 12/27/90
(1.) Required reserves must be held in the form of deposits with
Federal Reserve Banks or vault cash. Nonmember institutions may
maintain reserve balances with a Federal Reserve Bank indirectly, on a
pass-through basis, with certain approved institutions. For previous
reserve requirements, see earlier editions of the Annual Report or the
Federal Reserve Bulletin. Under the Monetary Control Act of 1980,
depository institutions include commercial banks, savings banks,
savings and loan associations, credit unions, agencies and branches of
foreign banks, and Edge Act corporations.
(2.) Transaction accounts include all deposits against which
the account holder is permitted to make withdrawals by negotiable
or transferable instruments, payment orders of withdrawal,
or telephone or preauthorized transfers for the
purpose of making payments to third persons or others. However,
accounts subject to the rules that permit no more than six
preauthorized, automatic, or other transfers per month (of which no
more than three may be by check, draft, debit card, or similar order
payable directly to third parties) are savings deposits, not
transaction accounts.
(3.) The Monetary Control Act of 1980 requires that the amount
of transaction accounts against which the 3 percent reserve
requirement applies be modified annually by 80 percent of the
percentage change in transaction accounts held by all depository
institutions, determined as of June 30 of each year. Effective with the
reserve maintenance period beginning December 30, 1999, for depository
institutions that report weekly, and with the period beginning January
20, 2000, for institutions that report quarterly, the amount was
decreased from $46.5 million to $44.3 million.
Under the Garn--St Germain Depository Institutions Act of 1982, the
Board adjusts the amount of reservable liabilities subject to a zero
percent reserve requirement each year for the succeeding
calendar year by 80 percent of the percentage Increase in
the total reservable liabilities of all depository institutions,
measured on an annual basis as of June 30. No corresponding adjustment
is made in the event of a decrease. The exemption applies only to
accounts that would be subject to a 3 percent reserve requirement.
Effective with the reserve maintenance period beginning December 30,
1999, for depository institutions that report weekly, and with the
period beginning January 20, 2000, for institutions that report
quarterly, the exemption was raised from $4.9 million to $5.0 million.
(4.) The reserve requirement was reduced from 12 percent to 10 percent
on Apr. 2, 1992, for institutions that report weekly, and on Apr. 16,
1992, for institutions that report quarterly.
(5.) For institutions that report weekly, the reserve requirement on
nonpersonal time deposits with an original maturity of less than 1 1/2
years was reduced from 3 percent to 1 1/2 percent for the maintenance
period that began Dec. 13, 1990, and to zero for the maintenance period
that began Dec. 27, 1990. For institutions that report quarterly, the
reserve requirement on nonpersonal time deposits with an original
maturity of less than 1 1/2 years was reduced from 3 percent to zero on
Jan. 17, 1991. The reserve requirement on nonpersonal time deposits
with an original maturity of 1 1/2 years or more has been zero since
Oct. 6, 1983.
(6.) The reserve requirement on Eurocurrency liabilities
was reduced from 3 percent to zero in the same manner and on the same
dates as the reserve requirement on nonpersonal time deposits with an
original maturity of less than 1 1/2 years (see note 5).
1.17 FEDERAL RESERVE OPEN MARKET TRANSACTIONS(1)
Millions of dollars
Type of transaction
and maturity 1997 1998 1999
U.S. TREASURY
SECURITIES(2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 9,147 3,550 0
2 Gross sales 0 0 0
3 Exchanges 435,907 450,835 464,218
4 For new bills 435,907 450,835 464,218
5 Redemptions 0 2,000 0
Others within one year
6 Gross purchases 5,549 6,297 11,895
7 Gross sales 0 0 0
8 Maturity shifts 41,716 46,062 50,590
9 Exchanges -27,499 -49,434 -53,315
10 Redemptions 1,996 2,676 1,429
One to five years
11 Gross purchases 20,080 12,901 19,731
12 Gross sales 0 0 0
13 Maturity shifts -37,987 -37,777 -44,032
14 Exchanges 20,274 37,154 42,604
Five to ten years
15 Gross purchases 3,449 2,294 4,303
16 Gross sales 0 0 0
17 Maturity shifts -1,954 -5,908 -5,841
18 Exchanges 5,215 7,439 7,583
More than ten years
19 Gross purchases 5,897 4,884 9,428
20 Gross sales 0 0 0
21 Maturity shifts -1,775 -2,377 -717
22 Exchanges 2,360 4,842 3,139
All maturities
23 Gross purchases 44,122 29,926 45,357
24 Gross sales 0 0 0
25 Redemptions 1,996 4,676 1,429
Matched transactions
26 Gross purchases 3,591,210(r) 4,430,457(r) 4,413,430(r)
27 Gross sales 3,593,530(r) 4,434,358(r) 4,431,685(r)
Repurchase agreements
28 Gross purchases 810,485 512,671 281,599
29 Gross sales 809,268 514,186 301,273
30 Net change in U.S.
Treasury securities 41,022 19,835 5,999
FEDERAL AGENCY
OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0
32 Gross sales 0 25 0
33 Redemptions 1,540 322 157
Repurchase agreements
34 Gross purchases 160,409 284,316 360,069
35 Gross sales 159,369 276,266 370,772
36 Net change in federal
agency obligations -500 7,703 -10,859
Reverse repurchase
agreements
37 Gross purchases 0 0 0
38 Gross sales 0 0 0
Repurchase agreements
39 Gross purchases 0 0 304,989
40 Gross sales 0 0 164,349
41 Net change in triparty
obligations 0 0 140,640
42 Total net change in
System Open
Market Account 40,522 27,538 135,780
2000
Type of transaction
and maturity
Jan. Feb. Mar. Apr.
U.S. TREASURY
SECURITIES(2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 0 0 0 2,294
2 Gross sales 0 0 0 0
3 Exchanges 37,029 38,607 48,459 37,141
4 For new bills 37,029 38,607 48,459 37,141
5 Redemptions 0 0 198 779
Others within one year
6 Gross purchases 0 0 0 0
7 Gross sales 0 0 0 0
8 Maturity shifts 3,566 6,877 5,034 0
9 Exchanges -4,360 -6,688 -3,515 0
10 Redemptions 390 0 0 568
One to five years
11 Gross purchases 160 0 740 1,723
12 Gross sales 0 0 0 0
13 Maturity shifts -3,566 -5,210 -5,034 0
14 Exchanges 4,045 4,348 3,515 0
Five to ten years
15 Gross purchases 809 0 489 930
16 Gross sales 0 0 0 0
17 Maturity shifts 0 -949 0 0
18 Exchanges 316 1,170 0 0
More than ten years
19 Gross purchases 1,069 0 330 0
20 Gross sales 0 0 0 0
21 Maturity shifts 0 -717 0 0
22 Exchanges 0 1,170 0 0
All maturities
23 Gross purchases 2,038 0 1,559 4,947
24 Gross sales 0 0 0 0
25 Redemptions 390 0 198 1,347
Matched transactions
26 Gross purchases 492,277 340,127 401,404 352,751(r)
27 Gross sales 471,663 339,585 401,841 351,399(r)
Repurchase agreements
28 Gross purchases 0 0 0 0
29 Gross sales 0 0 0 0
30 Net change in U.S.
Treasury securities 22,262 542 923 4,952
FEDERAL AGENCY
OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0 0
32 Gross sales 0 0 0 0
33 Redemptions 6 25 0 10
Repurchase agreements
34 Gross purchases 0 0 0 0
35 Gross sales 0 0 0 0
36 Net change in federal
agency obligations -6 -25 0 -10
Reverse repurchase
agreements
37 Gross purchases 0 0 0 0
38 Gross sales 0 0 0 0
Repurchase agreements
39 Gross purchases 61,345 82,998 61,230 79,585
40 Gross sales 178,880 81,335 62,253 78,425
41 Net change in triparty
obligations -117,535 1,663 -1,023 1,160
42 Total net change in
System Open
Market Account -95,279 2,180 -100 6,102
2000
Type of transaction
and maturity
May June July
U.S. TREASURY
SECURITIES(2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 0 0 1,825
2 Gross sales 0 0 0
3 Exchanges 36,386 44,008 33,718
4 For new bills 36,386 44,008 33,718
5 Redemptions 2,297 4,188 4,902
Others within one year
6 Gross purchases 164 1,875 1,284
7 Gross sales 0 0 0
8 Maturity shifts 13,063 4,672 5,152
9 Exchanges -12,633 -3,109 -3,333
10 Redemptions 0 0 367
One to five years
11 Gross purchases 890 706 2,259
12 Gross sales 0 0 0
13 Maturity shifts -10,334 -4,672 -5,152
14 Exchanges 10,063 3,109 3,333
Five to ten years
15 Gross purchases 0 0 0
16 Gross sales 0 0 0
17 Maturity shifts -1,552 0 0
18 Exchanges 2,570 0 0
More than ten years
19 Gross purchases 528 1,151 500
20 Gross sales 0 0 0
21 Maturity shifts -1,177 0 0
22 Exchanges 0 0 0
All maturities
23 Gross purchases 1,582 3,732 5,868
24 Gross sales 0 0 0
25 Redemptions 2,297 4,188 5,269
Matched transactions
26 Gross purchases 357,355 368,396 344,935
27 Gross sales 356,640 369,739 344,384
Repurchase agreements
28 Gross purchases 0 0 0
29 Gross sales 0 0 0
30 Net change in U.S.
Treasury securities -1 -1,800 1,150
FEDERAL AGENCY
OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0
32 Gross sales 0 0 0
33 Redemptions 0 0 0
Repurchase agreements
34 Gross purchases 0 0 0
35 Gross sales 0 0 0
36 Net change in federal
agency obligations 0 0 0
Reverse repurchase
agreements
37 Gross purchases 0 0 0
38 Gross sales 0 0 0
Repurchase agreements
39 Gross purchases 107,375 70,850 66,485
40 Gross sales 105,885 70,315 75,925
41 Net change in triparty
obligations 1,490 535 -9,440
42 Total net change in
System Open
Market Account 1,489 -1,265 -8,290
(1.) Sales, redemptions, and negative figures reduce holdings of
the System Open Market Account; all other figures increase
such holdings.
(2.) Transactions exclude changes in compensation for the effects
of inflation on the principal of inflation-indexed securities.
1.18 FEDERAL RESERVE BANKS Condition and Federal Reserve Note
Statements(1)
Millions of dollars
Wednesday
Account 2000
Aug. 2 Aug. 9 Aug. 16
Consolidated condition
statement
ASSETS
1 Gold certificate account 11,046 11,046 11,046
2 Special drawing rights
certificate account 4,200 4,200 4,200
3 Coin 745 751 755
Loans
4 To depository institutions 606 559 557
5 Other 0 0 0
6 Acceptances held under
repurchase agreements 0 0 0
Triparty Obligations
7 Repurchase agreements--triparty(2) 11,990 16,850 10,020
Federal agency obligations(3)
8 Bought outright 140 140 140
9 Held under repurchase agreements 0 0 0
10 Total U.S. Treasury securities(3) 507,522 510,520 513,023
11 Bought outright(4) 507,522 510,520 513,023
12 Bills 190,911 190,954 191,328
13 Notes 228,724 231,203 231,764
14 Bonds 87,887 88,363 89,931
15 Held under repurchase agreements 0 0 0
16 Total loans and securities 520,257 528,068 523,741
17 Items in process of collection 9,468 8,223 8,159
18 Bank premises 1,418 1,420 1,421
Other assets
19 Denominated in foreign
currencies(5) 15,089 15,094 15,104
20 All other(6) 18,718 19,251 16,479
21 Total assets 580,942 588,054 580,904
LIABILITIES
22 Federal Reserve notes 540,909 541,446 541,267
23 Reverse repurchase
agreements--triparty(2) 0 0 0
24 Total deposits 17,132 23,929 17,524
25 Depository institutions 12,081 18,668 13,238
26 U.S. Treasury--General account 4,714 4,907 3,943
27 Foreign--Official accounts 74 101 83
28 Other 263 254 259
29 Deferred credit items 8,048 7,300 7,205
30 Other liabilities and accrued
dividends(7) 4,786 4,866 4,344
31 Total liabilities 570,874 577,541 570,341
CAPITAL ACCOUNTS
32 Cap 6,882 6,892 6,904
33 Surplus 2,615 2,654 2,679
34 Other capital accounts 570 967 981
35 Total liabilities and capital
accounts 580,942 588,054 580,904
MEMO
36 Marketable U.S. Treasury
securities held in custody for
foreign and international
accounts n.a n.a n.a
Federal Reserve
note statement
37 Federal Reserve notes outstanding
(issued to Banks) 769,594 768,797 768,196
38 LESS: Held by Federal
Reserve Banks 228,685 227,351 226,928
3 Federal Reserve notes, net 540,909 541,446 541,267
Collateral hem against notes, net
40 Gold certificate account 11,046 11,046 11,046
41 Special drawing rights
certificate account 4,200 4,200 4,200
42 Other eligible assets 6,011 0 2,838
43 U.S. Treasury and agency securities 519,652 526,200 523,183
44 Total collateral 540,909 541,446 541,267
Wednesday
Account 2000
Aug. 23 Aug. 30
Consolidated condition
statement
ASSETS
1 Gold certificate account 11,046 11,046
2 Special drawing rights
certificate account 4,200 4,200
3 Coin 779 760
Loans
4 To depository institutions 587 606
5 Other 0 0
6 Acceptances held under
repurchase agreements 0 0
Triparty Obligations
7 Repurchase agreements--triparty(2) 18,330 11,935
Federal agency obligations(3)
8 Bought outright 140 140
9 Held under repurchase agreements 0 0
10 Total U.S. Treasury securities(3) 510,664 513,095
11 Bought outright(4) 510,664 513,095
12 Bills 188,209 189,260
13 Notes 232,317 233,656
14 Bonds 90,137 90,179
15 Held under repurchase agreements 0 0
16 Total loans and securities 529,720 525,776
17 Items in process of collection 6,977 7,111
18 Bank premises 1,421 1,412
Other assets
19 Denominated in foreign
currencies(5) 15,109 15,115
20 All other(6) 16,900 17,339
21 Total assets 586,153 582,759
LIABILITIES
22 Federal Reserve notes 540,058 541,360
23 Reverse repurchase
agreements--triparty(2) 0 0
24 Total deposits 24,423 19,761
25 Depository institutions 18,999 13,511
26 U.S. Treasury--General account 5,150 5,948
27 Foreign--Official accounts 71 99
28 Other 203 202
29 Deferred credit items 6,725 6,724
30 Other liabilities and accrued
dividends(7) 4,329 4,374
31 Total liabilities 575,534 572,219
CAPITAL ACCOUNTS
32 Cap 6,898 6,856
33 Surplus 2,679 2,679
34 Other capital accounts 1,041 1,005
35 Total liabilities and capital
accounts 586,153 582,759
MEMO
36 Marketable U.S. Treasury
securities held in custody for
foreign and international
accounts n.a n.a
Federal Reserve
note statement
37 Federal Reserve notes outstanding
(issued to Banks) 767,540 767,117
38 LESS: Held by Federal
Reserve Banks 227,482 225,757
3 Federal Reserve notes, net 540,058 541,360
Collateral hem against notes, net
40 Gold certificate account 11,046 11,046
41 Special drawing rights
certificate account 4,200 4,200
42 Other eligible assets 0 944
43 U.S. Treasury and agency securities 524,812 525,170
44 Total collateral 540,058 541,360
End of month
Account 2000
June 30 July 31 Aug. 31
Consolidated condition
statement
ASSETS
1 Gold certificate account 11,046 11,046 11,046
2 Special drawing rights
certificate account 4,200 4,200 4,200
3 Coin 699 754 760
Loans
4 To depository institutions 512 628 597
5 Other 0 0 0
6 Acceptances held under
repurchase agreements 0 0 0
Triparty Obligations
7 Repurchase agreements--triparty(2) 26,930 17,490 18,525
Federal agency obligations(3)
8 Bought outright 140 140 140
9 Held under repurchase agreements 0 0 0
10 Total U.S. Treasury securities(3) 504,950 506,103 510,182
11 Bought outright(4) 504,950 506,103 510,182
12 Bills 192,792 190,265 187,232
13 Notes 226,138 228,503 232,770
14 Bonds 86,020 87,335 90,180
15 Held under repurchase agreements 0 0 0
16 Total loans and securities 532,532 524,361 529,444
17 Items in process of collection 5,544 3,414 5,391
18 Bank premises 1,409 1,418 1,421
Other assets
19 Denominated in foreign
currencies(5) 15,550 15,092 15,088
20 All other(6) 17,056 18,600 16,755
21 Total assets 588,037 578,886 584,103
LIABILITIES
22 Federal Reserve notes 541,912 539,396 541,806
23 Reverse repurchase
agreements--triparty(2) 0 0 0
24 Total deposits 25,028 22,006 21,855
25 Depository institutions 18,513 16,309 15,601
26 U.S. Treasury--General account 6,208 5,392 5,961
27 Foreign--Official accounts 105 76 79
28 Other 203 228 214
29 Deferred credit items 5,379 2,154 5,263
30 Other liabilities and accrued
dividends(7) 4,781 4,839 4,585
31 Total liabilities 577,099 568,394 573,508
CAPITAL ACCOUNTS
32 Cap 6,865 6,881 6,856
33 Surplus 2,679 2,615 2,679
34 Other capital accounts 1,395 995 1,060
35 Total liabilities and capital
accounts 588,037 578,886 584,103
MEMO
36 Marketable U.S. Treasury
securities held in custody for
foreign and international
accounts n.a n.a n.a
Federal Reserve
note statement
37 Federal Reserve notes outstanding
(issued to Banks) 773,550 769,994 766,982
38 LESS: Held by Federal
Reserve Banks 231,639 230,598 225,175
3 Federal Reserve notes, net 541,912 539,396 541,806
Collateral hem against notes, net
40 Gold certificate account 11,046 11,046 11,046
41 Special drawing rights
certificate account 4,200 4,200 4,200
42 Other eligible assets 0 417 0
43 U.S. Treasury and agency securities 526,665 523,733 526,560
44 Total collateral 541,912 539,396 541,806
(1.) Some of the data in this table also appear in the Board's
H.4.1 (503) weekly statistical release. For ordering address,
see inside front cover.
(2.) Cash value of agreements arranged through third-party
custodial banks.
(3.) Face value of the securities.
(4.) Includes securities loaned--fully guaranteed by U.S. Treasury
securities pledged with Federal Reserve Banks--and includes
compensation that adjusts for the effects of inflation on
the principal of inflation-indexed securities. Excludes
securities sold and scheduled to be bought back under matched
sale-purchase transactions.
(5.) Valued monthly at market exchange rates.
(6.) Includes special investment account at the Federal Reserve
Bank of Chicago in Treasury bills maturing within ninety days.
(7.) Includes exchange-translation account reflecting the monthly
revaluation at market exchange rates of foreign exchange commitments.
1.19 FEDERAL RESERVE BANKS Maturity Distribution of Loan and Security
Holding
Millions of dollars
Wednesday
Type of holding and maturity 2000
Aug. 2 Aug. 9 Aug. 16
1 Total loans 606 559 557
2 Within fifteen days(1) 143 150 244
3. Sixteen days to ninety days 463 409 313
4. 91 days to 1 year 0 0 0
5 Total U.S. Treasury securities(2) 507,522 510,520 513,023
6 Within fifteen days(1) 17,865 18,809 21,150
7 Sixteen days to ninety days 108,957 108,204 107,210
8 Ninety-one days to one year 132,226 133,476 130,458
9 One year to five years 125,108 126,191 131,290
10 Five years to ten years 54,042 54,047 52,397
11 More than ten years 69,323 69,794 70,519
12 Total federal agency obligations 140 140 140
13 Within fifteen days(1) 0 0 0
14 Sixteen days to ninety days 10 10 10
15 Ninety-one days to one year 0 0 0
16 One year to five years 10 10 10
17 Five years to ten years 120 120 120
18 More than ten years 0 0 0
Wednesday
Type of holding and maturity 2000
Aug. 23 Aug. 30
1 Total loans 587 606
2 Within fifteen days(1) 525 538
3. Sixteen days to ninety days 62 68
4. 91 days to 1 year 0 0
5 Total U.S. Treasury securities(2) 510,664 513,095
6 Within fifteen days(1) 17,924 17,840
7 Sixteen days to ninety days 110,223 111,192
8 Ninety-one days to one year 127,552 129,090
9 One year to five years 131,289 131,290
10 Five years to ten years 53,065 53,071
11 More than ten years 70,611 70,613
12 Total federal agency obligations 140 140
13 Within fifteen days(1) 0 0
14 Sixteen days to ninety days 10 10
15 Ninety-one days to one year 0 0
16 One year to five years 10 10
17 Five years to ten years 120 120
18 More than ten years 0 0
End of month
Type of holding and maturity 2000
June 30 July 31 Aug. 31
1 Total loans 512 577 597
2 Within fifteen days(1) 307 371 398
3. Sixteen days to ninety days 206 206 200
4. 91 days to 1 year 0 0 0
5 Total U.S. Treasury securities(2) 504,949 506,103 510,182
6 Within fifteen days(1) 1,038 13,568 4,891
7 Sixteen days to ninety days 118,287 108,730 111,192
8 Ninety-one days to one year 138,867 136,104 140,813
9 One year to five years 124,668 125,108 129,601
10 Five years to ten years 53,438 53,440 53,072
11 More than ten years 68,652 69,153 70,613
12 Total federal agency obligations 140 140 140
13 Within fifteen days(1) 0 0 0
14 Sixteen days to ninety days 10 10 10
15 Ninety-one days to one year 0 0 0
16 One year to five years 10 10 10
17 Five years to ten years 120 120 120
18 More than ten years 0 0 0
(1.) Holdings under repurchase agreements are classified as maturing
within fifteen days in accordance with maximum maturity of the
agreements.
(2.) Includes compensation that adjusts for the effects of inflation on
the principal of inflation-indexed securities.
1.20 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE(1)
Billions of dollars, averages of daily figures
1996 1997 1998
Item Dec. Dec. Dec.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS(2)
1 Total reserves(3) 50.17 46.87 45.19
2 Nonborrowed reserves(4) 50.02 46.54 45.07
3 Nonborrowed reserves plus
extended credit(5) 50.02 46.54 45.07
4 Required reserves 48.76 45.18 43.68
5 Monetary base(6) 451.62 479.17 512.75
Not seasonally adjusted
6 Total reserves(7) 51.45 48.01 45.31
7 Nonborrowed reserves 51.30 47.69 45.19
8 Nonborrowed reserves plus
extended credit(5) 51.30 47.69 45.19
9 Required reserves(8) 50.04 46.33 43.80
10 Monetary base(9) 456.63 484.98 518.27
NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS(10)
11 Total reserves(11) 51.17 47.92 45.21
12 Nonborrowed reserves 51.02 47.60 45.09
13 Nonborrowed reserves plus
extended credit(5) 51.02 47.60 45.09
14 Required 49.76 46.24 43.70
15 Monetary base(12) 463.40 491.79 525.06
16 Excess reserves(13) 1.42 1.69 1.51
17 Borrowings from the Federal
Reserve .16 .32 .12
1999 2000
Item Dec.
Jan. Feb.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS(2)
1 Total reserves(3) 41.74 43.12(r) 41.64
2 Nonborrowed reserves(4) 41.42 42.74 41.53
3 Nonborrowed reserves plus
extended credit(5) 41.42 42.74 41.53
4 Required reserves 40.44(r) 41.10(r) 40.53(r)
5 Monetary base(6) 591.18(r) 592.00(r) 573.59(r)
Not seasonally adjusted
6 Total reserves(7) 41.89 44.23 42.10
7 Nonborrowed reserves 41.57 43.86 42.00(r)
8 Nonborrowed reserves plus
extended credit(5) 41.57 43.86 42.00(r)
9 Required reserves(8) 40.58 42.21(r) 40.99
10 Monetary base(9) 600.63 596.90 571.86(r)
NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS(10)
11 Total reserves(11) 41.66 44.24(r) 42.10
12 Nonborrowed reserves 41.33 43.86 41.99
13 Nonborrowed reserves plus
extended credit(5) 41.33 43.86 41.99
14 Required 40.35 42.22(r) 40.99(r)
15 Monetary base(12) 607.94(r) 604.63 579.21(r)
16 Excess reserves(13) 1.31 2.02(r) 1.11
17 Borrowings from the Federal
Reserve .32 .37 .11
2000
Item
Mar.(r) Apr.(2) May(r)
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS(2)
1 Total reserves(3) 40.46 40.93 41.36
2 Nonborrowed reserves(4) 40.28 40.63 41.00
3 Nonborrowed reserves plus
extended credit(5) 40.28 40.63 41.00
4 Required reserves 39.26 39.78 40.41
5 Monetary base(6) 571.44 573.08 574.29
Not seasonally adjusted
6 Total reserves(7) 39.76 40.61 41.58
7 Nonborrowed reserves 39.59 40.31 41.22
8 Nonborrowed reserves plus
extended credit(5) 39.59 40.31 41.22
9 Required reserves(8) 38.56 39.47 40.64
10 Monetary base(9) 570.24 571.51 573.26
NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS(10)
11 Total reserves(11) 39.75 40.59 41.56
12 Nonborrowed reserves 39.57 40.29 41.20
13 Nonborrowed reserves plus
extended credit(5) 39.57 40.29 41.20
14 Required 38.55 39.45 40.62
15 Monetary base(12) 577.13 578.33 580.09
16 Excess reserves(13) 1.21 1.15 .94
17 Borrowings from the Federal
Reserve .18 .30 .36
2000
Item
June(r) July Aug.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS(2)
1 Total reserves(3) 39.96 40.26 39.98
2 Nonborrowed reserves(4) 39.48 39.69 39.40
3 Nonborrowed reserves plus
extended credit(5) 39.48 39.69 39.40
4 Required reserves 38.89 39.19(r) 38.93
5 Monetary base(6) 575.63 577.41(r) 577.62
Not seasonally adjusted
6 Total reserves(7) 39.24 39.70 39.55
7 Nonborrowed reserves 38.76 39.13 38.97
8 Nonborrowed reserves plus
extended credit(5) 38.76 39.13 38.97
9 Required reserves(8) 38.18 38.63(r) 38.50
10 Monetary base(9) 574.55 577.18(r) 576.52
NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS(10)
11 Total reserves(11) 39.22 39.67 39.52
12 Nonborrowed reserves 38.74 39.10 38.94
13 Nonborrowed reserves plus
extended credit(5) 38.74 39.10 38.94
14 Required 38.15 38.60 38.47
15 Monetary base(12) 581.44 583.98(r) 583.26
16 Excess reserves(13) 1.06 1.07(r) 1.05
17 Borrowings from the Federal
Reserve .48 .57 .58
(1.) Latest monthly and biweekly figures are available from the Board's
H.3 (502) weekly statistical release. Historical data starting in 1959
and estimates of the effect on required reserves of changes in reserve
requirements are available from the Money and Reserves Projections
Section, Division of Monetary Affairs, Board of Governors of the
Federal Reserve System, Washington, DC 20551.
(2.) Figures reflect adjustments for discontinuities, or "breaks,"
associated with regulatory changes in reserve requirements. (See also
table 1.10.)
(3.) Seasonally adjusted, break-adjusted total reserves equal
seasonally adjusted, break-adjusted required reserves (line 4) plus
excess reserves (line 16).
(4.) Seasonally adjusted, break-adjusted nonborrowed reserves equal
seasonally adjusted, break-adjusted total reserves (line 1) less total
borrowings of depository institutions from the Federal Reserve
(line 17).
(5.) Extended credit consists of borrowing at the discount window under
the terms and conditions established for the extended credit program to
help depository institutions deal with sustained liquidity pressures.
Because there is not the same need to repay such borrowing promptly as
with traditional short-term adjustment credit, the money market effect
of extended credit is similar to that of nonborrowed reserves.
(6.) The seasonally adjusted, break-adjusted monetary base consists of
(1) seasonally adjusted, break-adjusted total reserves (line 1), plus
(2) the seasonally adjusted currency component of the money stock, plus
(3) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly
reporters whose vault cash exceeds their required reserves) the
seasonally adjusted, break-adjusted difference between current vault
cash and the amount applied to satisfy current reserve requirements.
(7.) Break-adjusted total reserves equal break-adjusted required
reserves (line 9) plus excess reserves (line 16).
(8.) To adjust required reserves for discontinuities that are due to
regulatory changes the in reserve requirements, a multiplicative
procedure is used to estimate what required reserves would have been
in past periods had current reserve requirements been in effect.
Break-adjusted required reserves include required reserves against
transactions deposits and nonpersonal time and savings deposits (but
not reservable nondeposit liabilities).
(9.) The break-adjusted monetary base equals (1) break-adjusted total
reserves (line 6), plus (2) the (unadjusted) currency component of the
money stock, plus (3) (for all quarterly reporters on the "Report of
Transaction Accounts, Other Deposits and Vault Cash" and for all those
weekly reporters whose vault cash exceeds their required reserves) the
break-adjusted difference between current vault cash and the amount
applied to satisfy current reserve requirements.
(10.) Reflects actual reserve requirements, including those on
nondeposit liabilities, with no adjustments to eliminate the effects
of discontinuities associated with regulatory changes in reserve
requirements.
(11.) Reserve balances with Federal Reserve Banks plus vault cash used
to satisfy reserve requirements.
(12.) The monetary base, not break-adjusted and not seasonally
adjusted, consists of (1) total reserves (line 11), plus (2) required
clearing balances and adjustments to compensate for float at Federal
Reserve Banks, plus (3) the currency component of the money stock, plus
(4) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly
reporters whose vault cash exceeds their required reserves) the
difference between current vault cash and the amount applied to satisfy
current reserve requirements. Since February 1984, currency and vault
cash figures have been measured over the computation periods ending on
Mondays.
(13.) Unadjusted total reserves (line 11) less unadjusted required
reserves (line 14).
1.21 MONEY STOCK AND DEBT MEASURES(1)
Billions of dollars, averages of daily figures
1996 1997
Item Dec. Dec.
Seasonally adjusted
Measures(2)
1 M1 1,081.1 1,073.9
2 M2 3,821.6(r) 4,040.2(r)
3 M3 4,952.4 5,403.2
4 Debt 14,430.8(r) 15,223.1(r)
M1 components
5 Currency 394.3 424.8
6 Travelers checks(4) 8.3 8.1
7 Demand deposits(5) 402.3 395.3
8 Other checkable deposits(6) 276.1 245.8
Nontransaction components
9 In M2(7) 2,740.5(r) 2,966.3(r)
10 In M3 only(8) 1,130.8(r) 1,363.0(r)
Commercial banks
11 Savings deposits, including
MMDAs 904.0 1,020.5
12 Small time deposits(9) 593.3 625.4
13 Large time deposits(10, 11) 413.9 488.3
Thrift institutions
14 Savings deposits, including
MMDAs 366.6 376.6
15 Small time deposits(9) 353.6 342.8
16 Large time deposits(10) 78.3 85.6
Money market mutual funds
17 Retail 523.0(r) 601.1(r)
18 Institution-only 313.3(r) 382.4(r)
Repurchase agreements and
eurodollars
19 Repurchase agreements(12) 210.7 256.0
20 Eurodollars(12) 114.6 150.7
Debt components
21 Federal debt 3,781.3 3,800.6(r)
22 Nonfederal debt 10,649.5 11,422.5(r)
Not seasonally adjusted
Measures(2) 1,105.1 1,097.7
23 M1 3,843.8(r) 4,063.4(r)
24 M2 4,973.4 5,427.2
25 M3 14,428.4(r) 15,218.5(r)
26 Debt
M1 components 397.9 428.9
27 Currency 8.6 8.3
28 Travelers checks(4) 419.9 412.4
29 Demand deposits(5) 278.8 248.2
30 Other checkable deposits(6)
Nontransaction components
31 In M2(7) 2,738.7(r) 2,965.7(r)
32 In M3 only(8) 1,129.6(r) 1,363.8(r)
Commercial banks
33 Savings deposits, including
MMDAs 903.3 1,020.4
34 Small time deposits(9) 592.7 625.3
35 Large time deposits(10, 11) 413.2 487.2
Thrift institutions
36 Savings deposits, including
MMDAs 366.3 376.5
37 Small time deposits(9) 353.2 342.8
38 Large time deposits(10) 78.1 85.4
Money market mutual funds
39 Retail 523.0(r) 600.7(r)
40 Institution-only 316.9(r) 388.4(r)
Repurchase agreements and
eurodollars
41 Repurchase agreements(12) 205.7 250.5
42 Eurodollars(12) 115.7 152.3
Debt components
43 Federal debt 3,787.9 3,805.8
44 Nonfederal debt 10,640.4(r) 11,412.7(r)
1998 1999(r) 2000
Item Dec. Dec.
May(r)
Seasonally adjusted
Measures(2)
1 M1 1,097.4 1,122.9 1,105.0
2 M2 4,395.0(r) 4,656.2 4,768.8
3 M3 5,996.7 6,489.6 6,694.9
4 Debt 16,276.4(r) 17,377.2 17,799.8
M1 components
5 Currency 459.5 515.5 518.5
6 Travelers checks(4) 8.2 8.3 8.3
7 Demand deposits(5) 379.3 355.2 335.3
8 Other checkable deposits(6) 250.3 244.0 242.9
Nontransaction components
9 In M2(7) 3,297.6(r) 3,533.3 3,663.9
10 In M3 only(8) 1,601.7(r) 1,833.4 1,926.1
Commercial banks
11 Savings deposits, including
MMDAs 1,184.8 1,285.7 1,322.7
12 Small time deposits(9) 626.1 634.7 665.6
13 Large time deposits(10, 11) 539.3 614.1 645.7
Thrift institutions
14 Savings deposits, including
MMDAs 413.8 448.7 453.2
15 Small time deposits(9) 325.6 320.6 327.3
16 Large time deposits(10) 88.9 91.5 93.6
Money market mutual funds
17 Retail 747.4(r) 843.7 895.1
18 Institution-only 520.1(r) 610.1 651.8
Repurchase agreements and
eurodollars
19 Repurchase agreements(12) 300.8 344.2 358.1
20 Eurodollars(12) 152.6 173.5 176.8
Debt components
21 Federal debt 3,751.2(r) 3,660.2 3,546.0
22 Nonfederal debt 12,525.2(r) 13,717.1 14,253.7
Not seasonally adjusted
Measures(2) 1,121.3 1,147.4 1,098.8
23 M1 4,420.2(r) 4,684.5 4,740.7
24 M2 6,026.3 6,524.6 6,673.1
25 M3 16,271.2(r) 17,372.6 17,733.8
26 Debt
M1 components 464.1 521.2 518.1
27 Currency 84.0 8.4 8.4
28 Travelers checks(4) 395.9 371.2 330.1
29 Demand deposits(5) 252.8 246.7 242.2
30 Other checkable deposits(6)
Nontransaction components
31 In M2(7) 3,298.9(r) 3,537.0 3,641.8
32 In M3 only(8) 1,606.1(r) 1,840.1 1,932.4
Commercial banks
33 Savings deposits, including
MMDAs 1,186.0 1,288.5 1,317.9
34 Small time deposits(9) 626.5 635.5 663.3
35 Large time deposits(10, 11) 537.8 612.2 650.3
Thrift institutions
36 Savings deposits, including
MMDAs 414.2 449.7 451.5
37 Small time deposits(9) 325.8 321.0 326.2
38 Large time deposits(10) 88.6 91.2 94.3
Money market mutual funds
39 Retail 746.3(r) 842.4 883.0
40 Institution-only 529.7(r) 621.7 647.1
Repurchase agreements and
eurodollars
41 Repurchase agreements(12) 295.4 339.4 362.4
42 Eurodollars(12) 154.5 175.6 178.3
Debt components
43 Federal debt 3,754.9 3,663.1 3,514.0
44 Nonfederal debt 12,516.3(r) 13,709.5 14,219.8
2000
Item
June(r) July(r) Aug.
Seasonally adjusted
Measures(2)
1 M1 1,103.4 1,104.6 1,102.0
2 M2 4,783.8 4,798.2 4,828.1
3 M3 6,736.4 6,789.1 6,848.0
4 Debt 17,885.4 17,955.0 n.a.
M1 components
5 Currency 520.8 522.3 523.1
6 Travelers checks(4) 8.8 9.3 9.2
7 Demand deposits(5) 331.9 332.8 328.5
8 Other checkable deposits(6) 241.9 240.2 241.2
Nontransaction components
9 In M2(7) 3,680.4 3,693.5 3,726.1
10 In M3 only(8) 1,952.6 1,990.9 2,019.9
Commercial banks
11 Savings deposits, including
MMDAs 1,330.7 1,341.8 1,358.0
12 Small time deposits(9) 675.3 679.9 685.1
13 Large time deposits(10, 11) 665.3 665.3 677.7
Thrift institutions
14 Savings deposits, including
MMDAs 452.5 452.3 455.1
15 Small time deposits(9) 329.8 333.2 337.7
16 Large time deposits(10) 95.5 97.6 99.9
Money market mutual funds
17 Retail 892.2 886.3 890.3
18 Institution-only 660.2 688.7 704.9
Repurchase agreements and
eurodollars
19 Repurchase agreements(12) 366.7 368.5 363.3
20 Eurodollars(12) 174.2 170.9 174.1
Debt components
21 Federal debt 3,521.2 3,509.7 n.a.
22 Nonfederal debt 14,364.2 14,445.3 n.a.
Not seasonally adjusted
Measures(2) 1,101.0 1,103.4 1,095.7
23 M1 4,764.4 4,782.4 4,814.8
24 M2 6,712.9 6,749.1 6,820.0
25 M3 17,815.9 17,885.2 n.a.
26 Debt
M1 components 520.3 522.4 521.7
27 Currency 8.7 8.9 8.9
28 Travelers checks(4) 330.0 333.6 326.5
29 Demand deposits(5) 242.1 238.5 238.5
30 Other checkable deposits(6)
Nontransaction components
31 In M2(7) 3,663.3 3,679.0 3,719.1
32 In M3 only(8) 1,948.5 1,966.7 2,005.2
Commercial banks
33 Savings deposits, including
MMDAs 1,331.6 1,343.7 1,355.6
34 Small time deposits(9) 671.1 677.6 683.1
35 Large time deposits(10, 11) 657.6 666.0 675.9
Thrift institutions
36 Savings deposits, including
MMDAs 452.8 452.9 454.3
37 Small time deposits(9) 327.7 332.0 336.8
38 Large time deposits(10) 95.7 97.7 99.6
Money market mutual funds
39 Retail 880.1 872.6 889.3
40 Institution-only 652.9 668.5 693.6
Repurchase agreements and
eurodollars
41 Repurchase agreements(12) 367.9 365.7 363.0
42 Eurodollars(12) 174.5 168.9 173.1
Debt components
43 Federal debt 3,475.5 3,448.3 n.a.
44 Nonfederal debt 14,340.4 14,436.9 n.a.
(1.) Latest monthly and weekly figures are available from the Board's
H.6 (508) weekly statistical release. Historical data starting in 1959
are available from the Money and Reserves Projections Section, Division
of Monetary Affairs, Board of Governors of the Federal Reserve System,
Washington, DC 20551.
(2.) Composition of the money stock measures and debt is as follows:
M1: (1) currency outside the U.S. Treasury, Federal Reserve Banks, and
the vaults of depository institutions, (2) travelers checks of nonbank
issuers, (3) demand deposits at all commercial banks other than those
owed to depository institutions, the U.S. government, and foreign banks
and official institutions, less cash items in the process of collection
and Federal Reserve float, and (4) other checkable deposits (OCDs),
consisting of negotiable order of withdrawal (NOW) and automatic
transfer service (ATS) accounts at depository institutions, credit
union share draft accounts, and demand deposits at thrift institutions.
Seasonally adjusted M1 is computed by summing currency, travelers
checks, demand deposits, and OCDs, each seasonally adjusted separately.
M2: M1 plus (1) savings deposits (including MMDAs), (2)
small-denomination time deposits (time deposits--including retail
RPs--in amounts of less than $100,000), and (3) balances in retail
money market mutual funds. Excludes individual retirement accounts
(IRAs) and Keogh balances at depository institutions and money market
funds. Seasonally adjusted M2 is calculated by summing savings
deposits, small-denomination time deposits, and retail money fund
balances, each seasonally adjusted separately, and adding this result
to seasonally adjusted M1.
M3: M2 plus (1) large-denomination time deposits (in amounts of
$100,000 or more) issued by all depository institutions, (2) balances
in institutional money funds, (3) RP liabilities (overnight and term)
issued by all depository institutions, and (4) Eurodollars (overnight
and term) held by U.S. residents at foreign branches of U.S. banks
worldwide and at all banking offices in the United Kingdom and Canada.
Excludes amounts held by depository institutions, the U.S. government,
money market funds, and foreign banks and official institutions.
Seasonally adjusted M3 is calculated by summing large time deposits,
institutional money fund balances, RP liabilities, and Eurodollars,
each seasonally adjusted separately, and adding this result to
seasonally adjusted M2.
Debt: The debt aggregate is the outstanding credit market debt of the
domestic nonfinancial sectors--the federal sector (U.S. government, not
including government-sponsored enterprises or federally related
mortgage pools) and the nonfederal sectors (state and local
governments, households and nonprofit organizations, nonfinancial
corporate and nonfarm noncorporate businesses, and farms). Nonfederal
debt consists of mortgages, tax-exempt and corporate bonds, consumer
credit, bank loans, commercial paper, and other loans. The data, which
are derived from the Federal Reserve Board's flow of funds accounts,
are break-adjusted (that is, discontinuities in the data have been
smoothed into the series) and month-averaged (that is, the data have
been derived by averaging adjacent month-end levels).
(3.) Currency outside the U.S. Treasury, Federal Reserve Banks, and
vaults of depository institutions.
(4.) Outstanding amount of U.S. dollar-denominated travelers checks of
nonbank issuers. Travelers checks issued by depository institutions are
included in demand deposits.
(5.) Demand deposits at commercial banks and foreign-related
institutions other than those owed to depository institutions, the U.S.
government, and foreign banks and official institutions, less cash
items in the process of collection and Federal Reserve float.
(6.) Consists of NOW and ATS account balances at all depository
institutions, credit union share draft account balances, and demand
deposits at thrift institutions.
(7.) Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances.
(8.) Sum of (1) large time deposits, (2) institutional money fund
balances, (3) RP liabilities (overnight and term) issued by depository
institutions, and (4) Eurodollars (overnight and term) of U.S.
addressees.
(9.) Small time deposits--including retail RPs--are those issued in
amounts of less than $100,000. All IRAs and Keogh accounts at
commercial banks and thrift institutions are subtracted from small time
deposits.
(10.) Large time deposits are those issued in amounts of $100,000 or
more, excluding those booked at international banking facilities.
(11.) Large time deposits at commercial banks less those held by money
market funds, depository institutions, the U.S. government, and foreign
banks and official institutions.
(12.) Includes both overnight and term.
1.26 COMMERCIAL BANKS IN THE UNITED STATES
A. All commercial banks
Billions of dollars
Monthly averages
Account 1999 2000
Aug. Feb.
Seasonally adjusted
Assets
1 Bank credit 4,593.3(r) 4,838.8(r)
2 Securities in bank credit 1,244.3 1,269.6
3 U.S. government securities 818.7 815.2
4 Other securities 425.6 454.4
5 Loans and leases in bank credit(2) 1,349.0 3,569.2(r)
6 Commercial and industrial 971.0(r) 1,019.7(r)
7 Real estate 1,386.0(r) 1,516.4(r)
8 Revolving home equity 100.2 106.6(r)
9 Other 285.9(r) 1,409.8(r)
10 Consumer 481.6 500.5(r)
11 Security(3) 123.4 143.0
12 Other loans and leases 386.9 389.7(r)
13 Interbank loans 218.1 228.1(r)
14 Cash assets(4) 254.2 279.9
15 Other assets(5) 348.7 366.3
16 Total assets(6) 5,355.5 5,654.1(r)
Liabilities
17 Deposits 3,403.9 3,558.6
18 Transaction 636.1 625.4
19 Nontransaction 2,767.8 2,933.3
20 Large time 729.3 844.8
21 Other 2,038.5 2,088.5
22 Borrowings 1,028.6 1,136.0
23 From banks in the U.S. 333.2 368.7
24 From others 695.4 767.3
25 Net due to related foreign offices 220.7 234.1
26 Other liabilities 280.2 298.4
27 Total liabilities 4,933.4 5,227.1
28 Residual (assets less liabilities)(7) 422.1 427.0(r)
Not seasonally adjusted
Assets
29 Bank credit 4,566.3 4,841.6(r)
30 Securities in bank credit 1,232.3 1,273.7
31 U.S. government securities 809.5 819.2
32 Other securities 422.8 454.5
33 Loans and leases in bank credit(2) 3,334.0 3,567.9(r)
34 Commercial and industrial 961.4(r) 1,020.3(r)
35 Real estate 1,386.3(r) 1,513.2(r)
36 Revolving home equity 100.4 106.3(r)
37 Other 1,286.0(r) 1,407.0(r)
38 Consumer 480.1 502.5(r)
39 Credit cards and related plans n.a. n.a.
40 Other n.a. n.a.
41 Security(3) 118.8 144.5
42 Other loans and leases 387.3 387.2(r)
43 Interbank loans 209.0 229.6
44 Cash assets(4) 242.8 280.5
45 Other assets(5) 347.7 368.5
46 Total assets(6) 5,306.9(r) 5,661.2(r)
Liabilities
47 Deposits 3,373.9 3,557.5
48 Transaction 619.6 618.4
49 Nontransaction 2,754.3 2,939.1
50 Large time 716.5 857.4
51 Other 2,037.9 2,081.7
52 Borrowings 1,002.7 1,140.2
53 From banks in the U.S. 327.4 370.3
54 From others 675.3 769.9
55 Net due to related foreign offices 218.3 248.5
56 Other liabilities 279.9 300.8
57 Total liabilities 4,874.9 5,246.9
58 Residual (assets less liabilities)(7) 432.0 414.3(r)
Monthly averages
Account 2000
Mar.(r) Apr.(r)
Seasonally adjusted
Assets
1 Bank credit 4,889.4 4,934.9
2 Securities in bank credit 1,280.7 1,291.6
3 U.S. government securities 815.7 814.4
4 Other securities 465.0 477.2
5 Loans and leases in bank credit(2) 3,608.8 3,643.3
6 Commercial and industrial 1,028.2 1,037.9
7 Real estate 1,538.7 1,555.6
8 Revolving home equity 109.1 112.6
9 Other 1,429.6 1,443.0
10 Consumer 503.3 507.3
11 Security(3) 143.3 144.0
12 Other loans and leases 395.3 398.5
13 Interbank loans 223.6 221.8
14 Cash assets(4) 272.1 281.3
15 Other assets(5) 366.0 368.2
16 Total assets(6) 5,691.8 5,746.3
Liabilities
17 Deposits 3,575.7 3,626.1
18 Transaction 626.3 626.1
19 Nontransaction 2,949.4 3,000.0
20 Large time 851.3 872.1
21 Other 2,098.1 2,127.9
22 Borrowings 1,157.7 1,186.8
23 From banks in the U.S. 377.5 377.4
24 From others 780.2 809.4
25 Net due to related foreign offices 233.5 223.9
26 Other liabilities 294.0 296.4
27 Total liabilities 5,260.8 5,333.2
28 Residual (assets less liabilities)(7) 431.0 413.1
Not seasonally adjusted
Assets
29 Bank credit 4,883.3 4,935.2
30 Securities in bank credit 1,282.1 1,293.4
31 U.S. government securities 822.7 823.0
32 Other securities 459.4 470.4
33 Loans and leases in bank credit(2) 3,601.2 3,641.8
34 Commercial and industrial 1,032.1 1,045.0
35 Real estate 1,533.9 1,551.1
36 Revolving home equity 108.0 111.8
37 Other 1,425.8 1,439.4
38 Consumer 501.7 506.2
39 Credit cards and related plans n.a. n.a.
40 Other n.a. n.a.
41 Security(3) 142.3 144.5
42 Other loans and leases 391.1 395.0
43 Interbank loans 229.0 228.0
44 Cash assets(4) 263.7 278.5
45 Other assets(5) 369.4 371.6
46 Total assets(6) 5,686.0 5,753.9
Liabilities
47 Deposits 3,579.5 3,644.1
48 Transaction 619.2 634.7
49 Nontransaction 2,960.3 3,009.4
50 Large time 859.7 871.6
51 Other 2,100.6 2,137.8
52 Borrowings 1,153.3 1,185.9
53 From banks in the U.S. 377.4 378.9
54 From others 775.9 806.9
55 Net due to related foreign offices 237.0 213.3
56 Other liabilities 294.7 295.1
57 Total liabilities 5,264.5 5,338.4
58 Residual (assets less liabilities)(7) 421.5 415.5
Monthly averages
Account 2000
May(r) June(r)
Seasonally adjusted
Assets
1 Bank credit 5,000.5 5,031.7
2 Securities in bank credit 1,309.4 1,307.1
3 U.S. government securities 815.6 817.3
4 Other securities 493.8 489.8
5 Loans and leases in bank credit(2) 3,691.1 3,724.7
6 Commercial and industrial 1,057.9 1,066.5
7 Real estate 1,578.6 1,593.7
8 Revolving home equity 115.1 115.6
9 Other 1,463.5 1,478.0
10 Consumer 510.4 517.1
11 Security(3) 145.0 149.7
12 Other loans and leases 399.3 397.8
13 Interbank loans 227.0 227.7
14 Cash assets(4) 274.3 269.1
15 Other assets(5) 377.5 379.9
16 Total assets(6) 5,819.1 5,847.9
Liabilities
17 Deposits 3,631.7 3,660.0
18 Transaction 629.7 617.3
19 Nontransaction 3,002.0 3,042.8
20 Large time 877.9 894.7
21 Other 2,124.1 2,148.1
22 Borrowings 1,200.8 1,201.0
23 From banks in the U.S. 383.8 375.1
24 From others 816.9 825.9
25 Net due to related foreign offices 249.8 259.5
26 Other liabilities 320.0 311.7
27 Total liabilities 5,402.3 5,432.3
28 Residual (assets less liabilities)(7) 416.8 415.6
Not seasonally adjusted
Assets
29 Bank credit 4,992.3 5,014.8
30 Securities in bank credit 1,306.9 1,296.6
31 U.S. government securities 820.9 816.6
32 Other securities 485.9 480.1
33 Loans and leases in bank credit(2) 3,685.4 3,718.1
34 Commercial and industrial 1,060.8 1,065.9
35 Real estate 1,576.0 1,590.3
36 Revolving home equity 114.7 115.7
37 Other 1,461.3 1,474.6
38 Consumer 510.0 515.2
39 Credit cards and related plans n.a. n.a.
40 Other n.a. n.a.
41 Security(3) 143.4 149.5
42 Other loans and leases 395.1 397.3
43 Interbank loans 226.9 227.3
44 Cash assets(4) 272.1 265.2
45 Other assets(5) 380.6 381.4
46 Total assets(6) 5,811.6 5,828.1
Liabilities
47 Deposits 3,617.0 3,648.1
48 Transaction 620.4 616.2
49 Nontransaction 2,996.7 3,031.9
50 Large time 874.1 883.9
51 Other 2,122.6 2,148.1
52 Borrowings 1,210.2 1,203.9
53 From banks in the U.S. 384.4 375.9
54 From others 825.7 828.0
55 Net due to related foreign offices 250.2 250.1
56 Other liabilities 318.5 309.9
57 Total liabilities 5,395.9 5,412.0
58 Residual (assets less liabilities)(7) 415.7 416.1
Monthly averages
Account 2000
July(r) Aug.
Seasonally adjusted
Assets
1 Bank credit 5,067.6 5,108.1
2 Securities in bank credit 1,311.3 1,315.0
3 U.S. government securities 819.4 812.7
4 Other securities 492.0 502.3
5 Loans and leases in bank credit(2) 3,756.2 3,793.1
6 Commercial and industrial 1,072.8 1,081.8
7 Real estate 1,608.3 1,617.2
8 Revolving home equity 117.0 118.3
9 Other 1,491.3 1,498.9
10 Consumer 520.7 529.9
11 Security(3) 151.5 156.3
12 Other loans and leases 402.9 407.9
13 Interbank loans 241.0 246.4
14 Cash assets(4) 269.6 273.6
15 Other assets(5) 399.1 400.9
16 Total assets(6) 5,915.5 5,966.2
Liabilities
17 Deposits 3,717.2 3,744.5
18 Transaction 612.7 618.7
19 Nontransaction 3,104.5 3,125.9
20 Large time 915.4 925.0
21 Other 2,189.0 2,200.9
22 Borrowings 1,218.7 1,225.1
23 From banks in the U.S. 385.8 385.4
24 From others 833.0 839.8
25 Net due to related foreign offices 261.1 269.8
26 Other liabilities 301.9 318.2
27 Total liabilities 5,499.0 5,557.6
28 Residual (assets less liabilities)(7) 416.5 408.6
Not seasonally adjusted
Assets
29 Bank credit 5,036.2 5,079.2
30 Securities in bank credit 1,294.1 1,302.5
31 U.S. government securities 810.9 803.8
32 Other securities 483.2 498.7
33 Loans and leases in bank credit(2) 3,742.1 3,776.8
34 Commercial and industrial 1,068.0 1,071.4
35 Real estate 1,604.6 1,617.3
36 Revolving home equity 117.1 118.4
37 Other 1,487.5 1,498.8
38 Consumer 517.1 528.8
39 Credit cards and related plans 195.8 203.8
40 Other 321.4 325.0
41 Security(3) 148.6 151.1
42 Other loans and leases 403.8 408.3
43 Interbank loans 237.1 236.4
44 Cash assets(4) 260.4 261.2
45 Other assets(5) 398.4 399.1
46 Total assets(6) 5,370.4 5,913.2
Liabilities
47 Deposits 3,692.7 3,712.4
48 Transaction 606.3 603.0
49 Nontransaction 3,086.4 3,109.4
50 Large time 898.8 908.1
51 Other 2,187.6 2,201.2
52 Borrowings 1,205.6 1,197.6
53 From banks in the U.S. 382.7 380.9
54 From others 822.9 816.7
55 Net due to related foreign offices 252.7 267.0
56 Other liabilities 299.5 317.8
57 Total liabilities 5,450.4 5,494.7
58 Residual (assets less liabilities)(7) 419.9 418.5
Wednesday figures
Account 2000
Aug. 9 Aug. 16
Seasonally adjusted
Assets
1 Bank credit 5,101.1 5,098.1
2 Securities in bank credit 1,315.0 1,308.0
3 U.S. government securities 812.6 811.2
4 Other securities 502.4 496.8
5 Loans and leases in bank credit(2) 3,786.0 3,790.1
6 Commercial and industrial 1,080.7 1,080.9
7 Real estate 1,614.8 1,614.6
8 Revolving home equity 117.9 118.4
9 Other 1,497.0 1,496.1
10 Consumer 525.5 530.2
11 Security(3) 156.5 153.2
12 Other loans and leases 408.5 411.3
13 Interbank loans 240.3 245.7
14 Cash assets(4) 281.3 267.7
15 Other assets(5) 400.7 396.0
16 Total assets(6) 5,960.8 5,944.8
Liabilities
17 Deposits 3,744.9 3,750.7
18 Transaction 605.8 611.1
19 Nontransaction 3,139.1 3,139.6
20 Large time 929.0 930.8
21 Other 2,210.1 2,208.7
22 Borrowings 1,232.7 1,220.2
23 From banks in the U.S. 391.3 383.5
24 From others 841.4 836.7
25 Net due to related foreign offices 274.5 263.6
26 Other liabilities 310.5 314.1
27 Total liabilities 5,562.7 5,548.6
28 Residual (assets less liabilities)(7) 398.1 396.2
Not seasonally adjusted
Assets
29 Bank credit 5,069.6 5,073.2
30 Securities in bank credit 1,299.7 1,295.0
31 U.S. government securities 803.5 802.4
32 Other securities 496.2 492.6
33 Loans and leases in bank credit(2) 3,769.9 3,778.2
34 Commercial and industrial 1,070.8 1,071.5
35 Real estate 1,616.4 1,616.0
36 Revolving home equity 117.9 118.6
37 Other 1,498.5 1,497.4
38 Consumer 522.4 528.6
39 Credit cards and related plans 199.6 203.9
40 Other 322.8 324.8
41 Security(3) 153.0 149.7
42 Other loans and leases 407.3 412.5
43 Interbank loans 231.2 238.5
44 Cash assets(4) 260.3 258.8
45 Other assets(5) 399.6 394.9
46 Total assets(6) 5,898.1 5,902.6
Liabilities
47 Deposits 3,712.5 3,724.4
48 Transaction 584.6 602.7
49 Nontransaction 3,128.0 3,121.8
50 Large time 910.5 911.5
51 Other 2,217.4 2,210.3
52 Borrowings 1,196.5 1,197.0
53 From banks in the U.S. 383.5 380.8
54 From others 813.0 816.1
55 Net due to related foreign offices 264.4 249.9
56 Other liabilities 309.7 313.8
57 Total liabilities 5,483.1 5,485.1
58 Residual (assets less liabilities)(7) 415.0 417.5
Wednesday figures
Account 2000
Aug. 23 Aug. 30
Seasonally adjusted
Assets
1 Bank credit 5,109.5 5,121.0
2 Securities in bank credit 1,312.2 1,319.0
3 U.S. government securities 811.0 813.6
4 Other securities 501.2 505.4
5 Loans and leases in bank credit(2) 3,797.3 3,802.0
6 Commercial and industrial 1,084.2 1,082.2
7 Real estate 1,616.9 1,621.8
8 Revolving home equity 118.7 118.3
9 Other 1,498.2 1,503.6
10 Consumer 533.3 532.2
11 Security(3) 154.3 162.4
12 Other loans and leases 408.7 403.3
13 Interbank loans 254.9 249.7
14 Cash assets(4) 281.7 263.3
15 Other assets(5) 408.6 400.3
16 Total assets(6) 5,991.9 5,971.6
Liabilities
17 Deposits 3,751.7 3,727.0
18 Transaction 638.0 627.5
19 Nontransaction 3,113.7 3,099.5
20 Large time 920.7 920.1
21 Other 2,193.0 2,179.4
22 Borrowings 1,226.2 1,226.5
23 From banks in the U.S. 387.7 379.6
24 From others 838.5 846.9
25 Net due to related foreign offices 268.1 269.2
26 Other liabilities 320.3 328.6
27 Total liabilities 5,566.3 5,551.3
28 Residual (assets less liabilities)(7) 425.6 420.4
Not seasonally adjusted
Assets
29 Bank credit 5,072.6 5,097.5
30 Securities in bank credit 1,298.9 1,310.3
31 U.S. government securities 801.5 805.1
32 Other securities 497.4 505.2
33 Loans and leases in bank credit(2) 3,773.7 3,787.2
34 Commercial and industrial 1,071.6 1,071.3
35 Real estate 1,615.3 1,621.5
36 Revolving home equity 118.8 118.7
37 Other 1,496.5 1,502.8
38 Consumer 533.1 533.0
39 Credit cards and related plans 206.8 206.6
40 Other 326.3 326.4
41 Security(3) 146.5 155.7
42 Other loans and leases 407.2 405.6
43 Interbank loans 238.5 239.1
44 Cash assets(4) 258.0 261.5
45 Other assets(5) 400.4 401.2
46 Total assets(6) 5,906.5 5,936.5
Liabilities
47 Deposits 3,693.2 3,704.1
48 Transaction 601.7 621.8
49 Nontransaction 3,091.5 3,082.3
50 Large time 905.2 905.3
51 Other 2,186.3 2,177.0
52 Borrowings 1,196.5 1,203.2
53 From banks in the U.S. 383.4 376.3
54 From others 813.1 826.9
55 Net due to related foreign offices 276.2 279.5
56 Other liabilities 319.9 328.7
57 Total liabilities 5,485.7 5,515.5
58 Residual (assets less liabilities)(7) 420.8 421.0
B. Domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 1999 2000
Aug. Feb.
Seasonally adjusted
Assets
1 Bank credit 4,064.7 4,298.5(r)
2 Securities in bank credit 1,050.4 1,077.4
3 U.S. government securities 734.2 739.3
4 Other securities 316.2 338.2
5 Loans and leases in bank credit(2) 3,014.3 3,221.0(r)
6 Commercial and industrial 775.2(r) 824.0(r)
7 Real estate 1,368.5(r) 1,498.7(r)
8 Revolving home equity 100.2 106.6(r)
9 Other 1,268.3(r) 1,392.1(r)
10 Consumer 481.6 500.5(r)
11 Security(3) 68.4 76.2
12 Other loans and leases 320.5 321.7(r)
13 Interbank loans 191.6 195.4(r)
14 Cash assets(4) 214.4 229.2
15 Other assets(5) 318.7 328.0
16 Total assets(6) 4,730.8 4,992.3(r)
Liabilities
17 Deposits 3,089.1 3,181.5
18 Transaction 625.4 614.4
19 Nontransaction 2,463.7 2,567.1
20 Large time 427.8 480.2
21 Other 2,035.9 2,086.9
22 Borrowings 853.8 960.6
23 From banks in the U.S. 310.1 350.3
24 From others 543.7 610.3
25 Net due to related foreign offices 149.6 207.1
26 Other liabilities 218.7 225.7
27 Total liabilities 4,311.1 4,574.9
28 Residual (assets less liabilities)(7) 419.7 417.4(r)
Not seasonally adjusted
Assets
29 Bank credit 4,046.0 4,297.0(r)
30 Securities in bank credit 1,042.9 1,080.2(r)
31 U.S. government securities 726.5 743.1
32 Other securities 316.5 337.2
33 Loans and leases in bank credit(2) 3,003.0 3,216.8(r)
34 Commercial and industrial 768.1(r) 822.2(r)
35 Real estate 1,368.9(r) 1,495.3(r)
36 Revolving home equity 100.4 106.3(r)
37 Other 1,268.5(r) 1,389.0(r)
38 Consumer 480.1 502.5(r)
39 Credit cards and related plans n.a. n.a.
40 Other n.a. n.a.
41 Security(3) 63.7 77.9
42 Other loans and leases 322.2 318.8(r)
43 Interbank loans 182.4 196.8(r)
44 Cash assets(4) 204.2 230.4
45 Other assets(5) 318.1 328.3
46 Total assets(6) 4,692.0 4,993.9(r)
Liabilities
47 Deposits 3,068.1 3,173.3
48 Transaction 609.0 607.5
49 Nontransaction 2,459.1 2,565.8
50 Large time 423.5 486.8
51 Other 2,035.5 2,079.0
52 Borrowings 827.8 964.9
53 From banks in the U.S. 304.3 351.9
54 From others 523.5 613.0
55 Net due to related foreign offices 147.5 219.1
56 Other liabilities 218.7 226.1
57 Total liabilities 4,262.1 4,583.4
58 Residual (assets less liabilities)(7) 429.9 410.5(r)
Monthly averages
Account 2000
Mar. Apr.
Seasonally adjusted
Assets
1 Bank credit 4,346.0(r) 4,365.3
2 Securities in bank credit 1,085.1 1,087.2(r)
3 U.S. government securities 737.6 734.7
4 Other securities 347.4 352.4
5 Loans and leases in bank credit(2) 3,260.9(r) 3,278.1
6 Commercial and industrial 831.9(r) 838.7(r)
7 Real estate 1,520.7(r) 1,537.2(r)
8 Revolving home equity 109.1(r) 112.6
9 Other 1,411.6(r) 1,426.6(r)
10 Consumer 503.3(r) 507.3(r)
11 Security(3) 76.8 66.0
12 Other loans and leases 328.2(r) 328.9(r)
13 Interbank loans 195.0(r) 192.4(r)
14 Cash assets(4) 224.4 233.9
15 Other assets(5) 326.8 328.1
16 Total assets(6) 5,033.2(r) 5,060.2(r)
Liabilities
17 Deposits 3,197.7 3,238.6
18 Transaction 615.2 615.2
19 Nontransaction 2,582.5 2,623.4
20 Large time 487.3 498.5
21 Other 2,095.2 2,124.9
22 Borrowings 980.5 987.2(r)
23 From banks in the U.S. 357.7 356.5
24 From others 622.8 630.6
25 Net due to related foreign offices 213.2 208.6
26 Other liabilities 222.6 220.8
27 Total liabilities 4,614.0 4,655.1
28 Residual (assets less liabilities)(7) 419.1(r) 405.1(r)
Not seasonally adjusted
Assets
29 Bank credit 4,341.2(r) 4,371.9(r)
30 Securities in bank credit 1,089.5(r) 1,092.6
31 U.S. government securities 744.8 742.7
32 Other securities 344.7(r) 350.0
33 Loans and leases in bank credit(2) 3,251.7(r) 3,279.3
34 Commercial and industrial 834.2(r) 847.5(r)
35 Real estate 1,515.7(r) 1,532.8(r)
36 Revolving home equity 108.0(r) 111.8
37 Other 1,407.7(r) 1,421.1(r)
38 Consumer 501.7(r) 506.2(r)
39 Credit cards and related plans n.a. n.a.
40 Other n.a. n.a.
41 Security(3) 75.5 66.6
42 Other loans and leases 324.6(r) 326.1(r)
43 Interbank loans 200.5 198.7(r)
44 Cash assets(4) 217.1 233.2
45 Other assets(5) 328.9 332.3
46 Total assets(6) 5,028.5(r) 5,076.9(r)
Liabilities
47 Deposits 3,195.4 3,255.6(r)
48 Transaction 608.3 624.3(r)
49 Nontransaction 2,587.0 2,631.3
50 Large time 488.9 496.0
51 Other 2,098.1 2,135.3
52 Borrowings 976.2 986.2
53 From banks in the U.S. 357.7 358.0
54 From others 618.5 628.2
55 Net due to related foreign offices 216.2 202.5
56 Other liabilities 223.0 221.4
57 Total liabilities 4,610.8 4,665.7
58 Residual (assets less liabilities)(7) 417.8(r) 411.2(r)
Monthly averages
Account 2000
May(r) June(r)
Seasonally adjusted
Assets
1 Bank credit 4,417.4 4,455.9
2 Securities in bank credit 1,098.9 1,101.7
3 U.S. government securities 735.9 738.4
4 Other securities 362.9 363.3
5 Loans and leases in bank credit(2) 3,318.5 3,354.3
6 Commercial and industrial 853.0 861.4
7 Real estate 1,559.9 1,574.6
8 Revolving home equity 115.1 115.6
9 Other 1,444.8 1,459.0
10 Consumer 510.4 517.1
11 Security(3) 64.0 68.6
12 Other loans and leases 331.2 332.6
13 Interbank loans 195.2 199.0
14 Cash assets(4) 230.3 224.5
15 Other assets(5) 336.4 336.4
16 Total assets(6) 5,119.5 5,155.7
Liabilities
17 Deposits 3,249.6 3,277.5
18 Transaction 618.5 605.8
19 Nontransaction 2,631.1 2,671.7
20 Large time 509.6 524.6
21 Other 2,121.5 2,147.1
22 Borrowings 996.3 995.8
23 From banks in the U.S. 365.9 356.1
24 From others 630.4 639.7
25 Net due to related foreign offices 228.7 240.1
26 Other liabilities 237.9 236.6
27 Total liabilities 4,712.5 4,749.9
28 Residual (assets less liabilities)(7) 407.0 405.7
Not seasonally adjusted
Assets
29 Bank credit 4,417.6 4,448.6
30 Securities in bank credit 1,099.5 1,097.3
31 U.S. government securities 740.3 737.6
32 Other securities 359.2 359.6
33 Loans and leases in bank credit(2) 3,318.1 3,351.4
34 Commercial and industrial 860.1 864.0
35 Real estate 1,557.3 1,571.4
36 Revolving home equity 114.7 115.7
37 Other 1,442.7 1,455.7
38 Consumer 510.0 515.2
39 Credit cards and related plans n.a. n.a.
40 Other n.a. n.a.
41 Security(3) 62.6 68.2
42 Other loans and leases 328.0 332.6
43 Interbank loans 195.1 198.7
44 Cash assets(4) 229.3 221.4
45 Other assets(5) 340.0 340.1
46 Total assets(6) 5,122.2 5,148.5
Liabilities
47 Deposits 3,234.1 3,270.0
48 Transaction 609.6 605.1
49 Nontransaction 2,624.5 2,664.8
50 Large time 504.3 519.2
51 Other 2,120.1 2,145.6
52 Borrowings 1,005.8 998.7
53 From banks in the U.S. 366.5 357.0
54 From others 639.2 641.7
55 Net due to related foreign offices 233.3 232.0
56 Other liabilities 237.9 236.3
57 Total liabilities 4,711.0 4,737.0
58 Residual (assets less liabilities)(7) 411.2 411.5
Monthly averages
Account 2000
July(r) Aug.
Seasonally adjusted
Assets
1 Bank credit 4,491.6 4,529.9
2 Securities in bank credit 1,106.2 1,109.1
3 U.S. government securities 739.7 732.8
4 Other securities 366.5 376.2
5 Loans and leases in bank credit(2) 3,385.4 3,420.8
6 Commercial and industrial 869.3 876.1
7 Real estate 1,598.4 1,598.4
8 Revolving home equity 117.0 118.3
9 Other 1,472.5 1,480.2
10 Consumer 520.7 529.9
11 Security(3) 70.0 77.4
12 Other loans and leases 336.0 338.9
13 Interbank loans 214.8 222.2
14 Cash assets(4) 224.4 225.1
15 Other assets(5) 356.1 358.9
16 Total assets(6) 5,225.5 5,273.7
Liabilities
17 Deposits 3,330.4 3,353.0
18 Transaction 601.4 607.8
19 Nontransaction 2,729.1 2,745.2
20 Large time 542.5 547.1
21 Other 2,186.5 2,198.2
22 Borrowings 1,013.2 1,023.3
23 From banks in the U.S. 364.9 368.5
24 From others 648.3 354.9
25 Net due to related foreign offices 243.4 246.2
26 Other liabilities 229.5 246.3
27 Total liabilities 4,816.6 4,868.8
28 Residual (assets less liabilities)(7) 409.0 404.9
Not seasonally adjusted
Assets
29 Bank credit 4,470.8 4,510.7
30 Securities in bank credit 1,095.7 1,102.1
31 U.S. government securities 732.2 725.6
32 Other securities 363.5 376.6
33 Loans and leases in bank credit(2) 3,375.1 3,408.6
34 Commercial and industrial 867.0 868.4
35 Real estate 1,585.9 1,598.7
36 Revolving home equity 117.1 118.4
37 Other 1,468.8 1,480.2
38 Consumer 517.1 528.8
39 Credit cards and related plans 195.8 203.8
40 Other 321.4 325.0
41 Security(3) 67.4 72.0
42 Other loans and leases 337.7 340.7
43 Interbank loans 210.9 212.3
44 Cash assets(4) 216.8 214.4
45 Other assets(5) 357.4 357.8
46 Total assets(6) 5,194.6 5,232.8
Liabilities
47 Deposits 3,314.6 3,332.7
48 Transaction 595.0 592.2
49 Nontransaction 2,719.6 2,740.5
50 Large time 534.4 541.7
51 Other 2,185.2 2,198.8
52 Borrowings 1,000.1 995.8
53 From banks in the U.S. 361.9 364.0
54 From others 638.2 631.8
55 Net due to related foreign offices 235.9 243.6
56 Other liabilities 228.7 246.3
57 Total liabilities 4,779.2 4,818.3
58 Residual (assets less liabilities)(7) 415.3 414.5
Wednesday figures
Account 2000
Aug. 9 Aug. 16
Seasonally adjusted
Assets
1 Bank credit 4,515.9 4,524.7
2 Securities in bank credit 1,109.7 1,106.0
3 U.S. government securities 733.6 733.0
4 Other securities 376.1 373.0
5 Loans and leases in bank credit(2) 3,406.2 3,418.7
6 Commercial and industrial 874.1 874.8
7 Real estate 1,596.2 1,595.9
8 Revolving home equity 117.9 118.4
9 Other 1,478.3 1,477.4
10 Consumer 525.5 530.2
11 Security(3) 72.4 76.4
12 Other loans and leases 338.0 341.4
13 Interbank loans 219.0 224.0
14 Cash assets(4) 233.0 220.4
15 Other assets(5) 358.9 354.1
16 Total assets(6) 5,264.5 5,260.8
Liabilities
17 Deposits 3,350.7 3,355.2
18 Transaction 594.5 599.8
19 Nontransaction 2,756.1 2,755.3
20 Large time 548.7 549.3
21 Other 2,207.4 2,206.1
22 Borrowings 1,028.7 1,024.0
23 From banks in the U.S. 372.6 367.4
24 From others 656.1 656.6
25 Net due to related foreign offices 252.7 242.4
26 Other liabilities 239.1 243.7
27 Total liabilities 4,871.1 4,865.2
28 Residual (assets less liabilities)(7) 393.4 395.6
Not seasonally adjusted
Assets
29 Bank credit 4,496.9 4,508.5
30 Securities in bank credit 1,101.6 1,098.5
31 U.S. government securities 725.9 725.1
32 Other securities 375.7 373.4
33 Loans and leases in bank credit(2) 3,395.3 3,410.0
34 Commercial and industrial 867.4 867.6
35 Real estate 1,597.9 1,597.4
36 Revolving home equity 117.9 118.6
37 Other 1,480.0 1,478.8
38 Consumer 522.4 528.6
39 Credit cards and related plans 199.6 203.9
40 Other 322.8 324.8
41 Security(3) 69.1 72.3
42 Other loans and leases 338.6 344.1
43 Interbank loans 209.9 216.8
44 Cash assets(4) 214.0 212.9
45 Other assets(5) 358.7 353.9
46 Total assets(6) 5,217.3 5,229.6
Liabilities
47 Deposits 3,331.0 3,342.9
48 Transaction 573.6 591.3
49 Nontransaction 2,757.4 2,751.6
50 Large time 542.4 543.7
51 Other 2,215.0 2,207.8
52 Borrowings 992.5 1,000.7
53 From banks in the U.S. 364.8 364.7
54 From others 627.7 636.0
55 Net due to related foreign offices 244.0 228.5
56 Other liabilities 239.2 243.7
57 Total liabilities 4,806.6 4,815.9
58 Residual (assets less liabilities)(7) 410.7 413.7
Wednesday figures
Account 2000
Aug. 23 Aug. 30
Seasonally adjusted
Assets
1 Bank credit 4,536.5 4,542.2
2 Securities in bank credit 1,107.8 1,110.0
3 U.S. government securities 732.6 730.9
4 Other securities 375.2 379.1
5 Loans and leases in bank credit(2) 3,428.7 3,432.2
6 Commercial and industrial 879.0 877.4
7 Real estate 1,598.2 1,602.9
8 Revolving home equity 118.7 118.3
9 Other 1,479.5 1,484.7
10 Consumer 533.3 532.2
11 Security(3) 78.2 83.3
12 Other loans and leases 340.0 336.3
13 Interbank loans 228.7 221.0
14 Cash assets(4) 232.2 214.9
15 Other assets(5) 366.8 357.9
16 Total assets(6) 5,301.7 5,273.7
Liabilities
17 Deposits 3,362.3 3,338.9
18 Transaction 627.4 616.9
19 Nontransaction 2,734.8 2,722.0
20 Large time 544.3 545.4
21 Other 2,190.5 2,176.6
22 Borrowings 1,024.5 1,021.4
23 From banks in the U.S. 368.6 366.3
24 From others 656.0 655.1
25 Net due to related foreign offices 244.6 243.6
26 Other liabilities 250.0 254.2
27 Total liabilities 4,881.4 4,858.1
28 Residual (assets less liabilities)(7) 420.3 415.6
Not seasonally adjusted
Assets
29 Bank credit 4,510.0 4,526.0
30 Securities in bank credit 1,100.4 1,105.0
31 U.S. government securities 724.7 724.6
32 Other securities 375.7 380.4
33 Loans and leases in bank credit(2) 3,409.6 3,421.0
34 Commercial and industrial 869.2 869.2
35 Real estate 1,596.7 1,602.9
36 Revolving home equity 118.8 118.7
37 Other 1,477.9 1,484.2
38 Consumer 533.1 533.0
39 Credit cards and related plans 206.8 206.6
40 Other 326.3 326.4
41 Security(3) 70.4 76.4
42 Other loans and leases 340.2 339.5
43 Interbank loans 212.3 210.4
44 Cash assets(4) 210.2 214.6
45 Other assets(5) 359.2 359.1
46 Total assets(6) 5,229.2 5,247.6
Liabilities
47 Deposits 3,315.0 3,326.2
48 Transaction 591.3 611.0
49 Nontransaction 2,723.7 2,715.2
50 Large time 539.8 540.6
51 Other 2,183.8 2,174.6
52 Borrowings 994.8 998.1
53 From banks in the U.S. 364.3 363.0
54 From others 630.5 635.1
55 Net due to related foreign offices 252.7 251.8
56 Other liabilities 249.9 254.4
57 Total liabilities 4,812.4 4,830.5
58 Residual (assets less liabilities)(7) 416.8 417.1
C. Large domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 1999 2000
Aug.(r) Feb.(r) Mar.(r)
Seasonally adjusted
Assets
1 Bank credit 2,277.6 2,394.5 2,421.0
2 Securities in bank credit 541.1 556.2 564.0
3 U.S. government securities 361.3 357.2 356.8
4 Trading account 22.3 21.5 20.5
5 Investment account 339.0 335.7 336.4
6 Other securities 179.8 199.0 207.2
7 Trading account 77.1 85.9 91.1
8 Investment account 102.6 113.1 116.1
9 State and local government 23.5 24.5 24.7
10 Other 79.1 88.6 91.4
11 Loans and leases in bank credit(2) 1,736.5 1,838.3 1,857.0
12 Commercial and industrial 533.5 559.9 562.8
13 Bankers acceptances 1.0 1.0 1.0
14 Other 532.5 558.9 561.8
15 Real estate 685.6 752.7 760.8
16 Revolving home equity 64.6 67.8 69.4
17 Other 620.9 684.8 691.4
18 Consumer 218.6 221.7 223.4
19 Security(3) 62.4 69.6 70.2
20 Federal funds sold to and
repurchase agreements
with broker-dealers 45.9 47.0 48.9
21 Other 16.6 22.6 21.4
22 State and local government 11.4 12.1 12.2
23 Agricultural 8.2 9.4 9.4
24 Federal funds sold to and
repurchase agreements
with others 7.8 13.3 14.5
25 All other loans 96.4 81.7 85.6
26 Lease-financing receivables 112.5 118.0 117.9
27 Interbank loans 126.8 131.6 132.4
28 Federal funds sold to and
repurchase agreements with
commercial banks 74.9 60.6 63.7
29 Other 51.9 71.0 68.7
30 Cash assets(4) 134.9 148.9 145.8
31 Other assets(5) 223.9 222.3 219.9
32 Total assets(6) 2,728.0 2,862.9 2,884.7
Liabilities
33 Deposits 1,580.7 1,600.0 1,605.0
34 Transaction 324.6 312.4 311.9
35 Nontransaction 1,256.1 1,287.7 1,293.1
36 Large time 205.0 231.9 235.2
37 Other 1,051.1 1,055.8 1,057.9
38 Borrowings 572.1 629.2 638.9
39 From banks in the U.S. 167.6 191.9 193.5
40 From others 404.5 437.4 445.4
41 Net due to related foreign offices 146.1 201.9 207.8
42 Other liabilities 163.0 165.7 164.5
43 Total liabilities 2,461.9 2,596.9 2,616.2
44 Residual (assets less liabilities)(7) 266.1 266.0 268.5
Not seasonally adjusted
Assets
45 Bank credit 2,256.0 2,405.8 2,422.4
46 Securities in bank credit 534.0 562.3 567.4
47 U.S. government securities 354.2 363.5 362.7
48 Trading account 21.6 22.5 21.4
49 Investment account 332.6 341.0 341.3
50 Mortgage-backed securities 216.3 221.5 222.4
51 Other 116.3 119.5 118.9
52 One year or less 22.6 27.2 29.0
53 One to five years 56.0 54.5 52.6
54 More than five years 37.7 37.8 37.4
55 Other securities 179.8 198.8 204.6
56 Trading account 77.1 85.9 91.1
57 Investment account 102.7 112.9 113.6
58 State and local government 23.2 24.7 24.8
59 Other 79.4 88.2 88.8
60 Loans and leases in bank credit(2) 1,722.0 1,843.5 1,855.1
61 Commercial and industrial 527.9 559.2 565.1
62 Bankers acceptances 1.0 1.0 1.0
63 Other 526.9 558.2 564.1
64 Real estate 683.6 754.0 759.1
65 Revolving home equity 64.9 67.7 68.6
66 Other 375.7 417.1 419.0
67 Commercial 243.1 269.2 271.4
68 Consumer 216.7 224.7 223.6
69 Credit cards and related plans n.a. n.a. n.a.
70 Other n.a. n.a. n.a.
71 Security(3) 57.7 71.4 69.0
72 Federal funds sold to and
repurchase agreements
with broker--dealers 41.5 49.6 47.3
73 Other 16.2 21.8 21.7
74 State and local government 11.6 12.0 12.1
75 Agricultural 8.3 9.2 9.2
76 Federal funds sold to and
repurchase agreements
with others 7.8 13.3 14.5
77 All other loans 96.7 79.9 83.1
78 Lease-financing receivables 111.6 119.9 119.4
79 Interbank loans 120.6 131.9 135.0
80 Federal funds sold to and
repurchase agreements
with commercial banks 70.2 60.3 65.6
81 Other 50.5 71.7 69.4
82 Cash assets(4) 127.2 150.5 140.5
83 Other assets(5) 221.9 223.5 222.0
84 Total assets(6) 2,690.3 2,877.5 2,885.5
Liabilities
85 Deposits 1,564.3 1,600.4 1,604.7
86 Transaction 312.4 308.9 307.3
87 Nontransaction 1,251.9 1,291.5 1,297.4
88 Large time 200.8 238.5 236.9
89 Other 1,051.1 1,053.0 1,060.5
90 Borrowings 544.2 637.8 640.9
91 From banks in the U.S. 160.2 196.1 197.1
92 From nonbanks in the U.S. 384.1 441.7 443.7
93 Net due to related foreign offices 144.0 213.9 210.8
94 Other liabilities 163.0 165.7 164.5
95 Total liabilities 2,415.6 2,617.8 2,620.9
96 Residual (assets less liabilities)(7) 274.8 259.6 264.6
Monthly averages
Account 2000
Apr.(r) May(r) June(r)
Seasonally adjusted
Assets
1 Bank credit 2,435.4 2,472.1 2,488.8
2 Securities in bank credit 566.9 577.3 579.0
3 U.S. government securities 355.4 357.2 360.1
4 Trading account 21.3 23.5 22.7
5 Investment account 334.1 333.7 337.4
6 Other securities 211.5 220.1 219.0
7 Trading account 92.9 101.2 100.4
8 Investment account 118.6 118.9 118.5
9 State and local government 25.1 25.4 25.6
10 Other 93.5 93.5 92.9
11 Loans and leases in bank credit(2) 1,868.5 1,894.8 1,909.7
12 Commercial and industrial 567.2 578.5 582.7
13 Bankers acceptances 1.1 1.1 1.0
14 Other 566.2 577.5 581.7
15 Real estate 775.4 788.5 793.9
16 Revolving home equity 72.2 74.0 74.3
17 Other 703.1 714.5 719.6
18 Consumer 226.3 227.0 228.2
19 Security(3) 59.3 57.8 62.1
20 Federal funds sold to and
repurchase agreements
with broker-dealers 38.2 38.9 43.9
21 Other 21.1 18.9 18.2
22 State and local government 12.3 12.3 12.2
23 Agricultural 9.5 9.6 9.6
24 Federal funds sold to and
repurchase agreements
with others 13.5 13.2 13.5
25 All other loans 85.7 87.6 84.7
26 Lease-financing receivables 119.1 120.4 122.8
27 Interbank loans 124.3 129.6 132.1
28 Federal funds sold to and
repurchase agreements with
commercial banks 61.5 66.4 67.5
29 Other 62.8 63.2 64.6
30 Cash assets(4) 154.5 149.0 145.2
31 Other assets(5) 219.0 223.0 224.2
32 Total assets(6) 2,895.6 2,939.0 2,955.9
Liabilities
33 Deposits 1,627.7 1,633.5 1,627.0
34 Transaction 310.5 314.3 307.0
35 Nontransaction 1,317.2 1,319.2 1,320.0
36 Large time 243.7 251.3 258.0
37 Other 1,073.5 1,067.9 1,061.9
38 Borrowings 648.0 649.4 654.2
39 From banks in the U.S. 197.2 202.4 196.3
40 From others 450.8 447.0 458.0
41 Net due to related foreign offices 203.2 222.7 230.9
42 Other liabilities 163.4 177.2 178.6
43 Total liabilities 2,642.4 2,682.8 2,690.8
44 Residual (assets less liabilities)(7) 256.2 256.2 265.1
Not seasonally adjusted
Assets
45 Bank credit 2,438.7 2,465.5 2,476.1
46 Securities in bank credit 568.0 574.1 572.7
47 U.S. government securities 360.1 358.2 357.0
48 Trading account 21.5 22.0 22.5
49 Investment account 338.5 336.2 334.5
50 Mortgage-backed securities 220.9 218.2 216.8
51 Other 117.7 118.0 117.7
52 One year or less 28.8 30.5 30.4
53 One to five years 51.5 51.6 52.4
54 More than five years 37.4 35.8 35.0
55 Other securities 207.9 215.9 215.7
56 Trading account 92.9 101.2 100.4
57 Investment account 115.0 114.7 115.2
58 State and local government 25.1 25.3 25.5
59 Other 89.8 89.3 89.7
60 Loans and leases in bank credit(2) 1,870.8 1,891.4 1,903.4
61 Commercial and industrial 573.9 583.0 583.3
62 Bankers acceptances 1.1 1.1 1.0
63 Other 572.8 582.0 582.3
64 Real estate 772.5 785.6 789.7
65 Revolving home equity 71.5 73.6 74.4
66 Other 425.3 433.7 436.4
67 Commercial 275.6 278.3 278.8
68 Consumer 226.2 226.5 226.7
69 Credit cards and related plans n.a. n.a. n.a.
70 Other n.a. n.a. n.a.
71 Security(3) 59.8 56.4 61.7
72 Federal funds sold to and
repurchase agreements
with broker--dealers 38.2 36.8 42.5
73 Other 21.6 19.6 19.1
74 State and local government 12.2 12.2 12.1
75 Agricultural 9.3 9.4 9.6
76 Federal funds sold to and
repurchase agreements
with others 13.5 13.2 13.5
77 All other loans 83.6 84.5 84.3
78 Lease-financing receivables 119.8 120.5 122.7
79 Interbank loans 129.1 133.1 135.0
80 Federal funds sold to and
repurchase agreements
with commercial banks 64.0 67.0 68.0
81 Other 65.0 66.1 67.0
82 Cash assets(4) 154.4 148.2 142.7
83 Other assets(5) 222.4 227.5 228.1
84 Total assets(6) 2,910.2 2,939.5 2,947.4
Liabilities
85 Deposits 1,637.5 1,618.7 1,622.1
86 Transaction 317.7 307.9 305.8
87 Nontransaction 1,319.8 1,310.8 1,316.2
88 Large time 241.3 246.0 252.6
89 Other 1,078.5 1,064.8 1,063.7
90 Borrowings 650.7 657.5 655.3
91 From banks in the U.S. 201.1 203.6 195.4
92 From nonbanks in the U.S. 449.6 453.9 459.8
93 Net due to related foreign offices 197.2 227.3 222.9
94 Other liabilities 163.4 177.2 178.6
95 Total liabilities 2,648.9 2,680.7 2,678.9
96 Residual (assets less liabilities)(7) 261.3 258.8 268.5
Monthly averages
Account 2000
July(r) Aug.
Seasonally adjusted
Assets
1 Bank credit 2,498.9 2,517.2
2 Securities in bank credit 576.2 574.3
3 U.S. government securities 360.8 356.6
4 Trading account 24.3 23.7
5 Investment account 336.5 332.9
6 Other securities 215.4 217.6
7 Trading account 97.2 102.5
8 Investment account 118.1 115.1
9 State and local government 26.1 25.9
10 Other 92.0 89.2
11 Loans and leases in bank credit(2) 1,922.7 1,942.9
12 Commercial and industrial 583.9 587.7
13 Bankers acceptances .9 .9
14 Other 582.9 586.8
15 Real estate 801.8 806.7
16 Revolving home equity 75.2 76.1
17 Other 726.6 730.5
18 Consumer 229.6 232.2
19 Security(3) 63.2 70.2
20 Federal funds sold to and
repurchase agreements
with broker-dealers 44.6 51.5
21 Other 18.6 18.7
22 State and local government 12.2 12.3
23 Agricultural 9.5 9.6
24 Federal funds sold to and
repurchase agreements
with others 12.8 13.2
25 All other loans 84.3 84.2
26 Lease-financing receivables 125.5 126.9
27 Interbank loans 139.4 137.5
28 Federal funds sold to and
repurchase agreements with
commercial banks 73.2 65.7
29 Other 66.2 71.8
30 Cash assets(4) 143.3 143.8
31 Other assets(5) 245.0 248.5
32 Total assets(6) 2,991.7 3,011.7
Liabilities
33 Deposits 1,627.5 1,623.0
34 Transaction 300.6 303.0
35 Nontransaction 1,326.8 1,319.9
36 Large time 265.9 264.7
37 Other 1,061.0 1,055.3
38 Borrowings 676.7 686.9
39 From banks in the U.S. 204.4 206.7
40 From others 472.2 480.1
41 Net due to related foreign offices 221.0 222.5
42 Other liabilities 180.1 196.2
43 Total liabilities 2,705.3 2,728.5
44 Residual (assets less liabilities)(7) 286.4 283.2
Not seasonally adjusted
Assets
45 Bank credit 2,477.4 2,494.6
46 Securities in bank credit 566.6 567.8
47 U.S. government securities 353.6 350.0
48 Trading account 22.6 23.0
49 Investment account 331.0 327.0
50 Mortgage-backed securities 211.3 206.8
51 Other 119.7 120.2
52 One year or less 30.3 31.3
53 One to five years 53.2 52.3
54 More than five years 36.1 36.6
55 Other securities 213.1 217.8
56 Trading account 97.2 102.5
57 Investment account 115.8 115.2
58 State and local government 25.6 25.6
59 Other 90.3 89.7
60 Loans and leases in bank credit(2) 1,910.7 1,926.9
61 Commercial and industrial 581.5 582.0
62 Bankers acceptances .9 .9
63 Other 580.5 581.1
64 Real estate 797.2 804.2
65 Revolving home equity 75.5 76.4
66 Other 443.2 446.9
67 Commercial 278.6 280.8
68 Consumer 227.1 230.3
69 Credit cards and related plans 72.2 73.4
70 Other 154.9 157.0
71 Security(3) 60.5 64.8
72 Federal funds sold to and
repurchase agreements
with broker--dealers 41.8 46.4
73 Other 18.7 18.3
74 State and local government 12.2 12.5
75 Agricultural 9.6 9.7
76 Federal funds sold to and
repurchase agreements
with others 12.8 13.2
77 All other loans 85.0 84.4
78 Lease-financing receivables 124.8 125.9
79 Interbank loans 139.5 131.6
80 Federal funds sold to and
repurchase agreements
with commercial banks 72.5 61.9
81 Other 67.0 69.7
82 Cash assets(4) 137.0 135.8
83 Other assets(5) 244.4 245.7
84 Total assets(6) 2,963.5 2,972.4
Liabilities
85 Deposits 1,616.9 1,607.3
86 Transaction 296.8 291.9
87 Nontransaction 1,320.1 1,315.4
88 Large time 257.8 259.3
89 Other 1,062.3 1,056.1
90 Borrowings 661.1 656.2
91 From banks in the U.S. 199.0 199.4
92 From nonbanks in the U.S. 462.1 456.8
93 Net due to related foreign offices 213.5 219.9
94 Other liabilities 180.1 196.2
95 Total liabilities 2,671.7 2,679.5
96 Residual (assets less liabilities)(7) 291.8 292.8
Wednesday figures
Account 2000
Aug. 9 Aug. 16
Seasonally adjusted
Assets
1 Bank credit 2,509.7 2,514.9
2 Securities in bank credit 577.3 571.7
3 U.S. government securities 358.8 357.2
4 Trading account 25.4 23.9
5 Investment account 333.4 333.3
6 Other securities 218.5 214.4
7 Trading account 101.3 99.4
8 Investment account 117.2 115.0
9 State and local government 26.0 25.9
10 Other 91.3 89.1
11 Loans and leases in bank credit(2) 1,932.4 1,943.3
12 Commercial and industrial 586.6 587.1
13 Bankers acceptances .9 .9
14 Other 585.7 586.2
15 Real estate 805.4 805.4
16 Revolving home equity 75.7 76.3
17 Other 729.6 729.1
18 Consumer 230.0 233.3
19 Security(3) 65.2 69.0
20 Federal funds sold to and
repurchase agreements
with broker-dealers 45.2 49.5
21 Other 20.0 19.5
22 State and local government 12.1 12.5
23 Agricultural 9.5 9.6
24 Federal funds sold to and
repurchase agreements
with others 12.4 13.7
25 All other loans 84.3 86.1
26 Lease-financing receivables 127.0 126.7
27 Interbank loans 140.4 137.9
28 Federal funds sold to and
repurchase agreements with
commercial banks 68.9 66.6
29 Other 71.5 71.4
30 Cash assets(4) 151.9 140.0
31 Other assets(5) 246.6 245.4
32 Total assets(6) 3,013.3 3,003.0
Liabilities
33 Deposits 1,628.0 1.626.4
34 Transaction 297.8 298.2
35 Nontransaction 1,330.3 1,328.2
36 Large time 267.6 267.5
37 Other 1,062.7 1,060.6
38 Borrowings 692.9 688.4
39 From banks in the U.S. 209.8 207.6
40 From others 483.0 480.8
41 Net due to related foreign offices 226.0 222.0
42 Other liabilities 190.7 193.8
43 Total liabilities 2,737.6 2,730.6
44 Residual (assets less liabilities)(7) 275.6 272.3
Not seasonally adjusted
Assets
45 Bank credit 2,488.1 2,495.3
46 Securities in bank credit 569.1 565.1
47 U.S. government securities 351.1 350.5
48 Trading account 24.1 24.1
49 Investment account 327.0 326.4
50 Mortgage-backed securities 206.2 207.1
51 Other 120.8 119.3
52 One year or less 30.5 30.9
53 One to five years 52.1 52.3
54 More than five years 38.1 36.1
55 Other securities 217.9 214.6
56 Trading account 101.3 99.4
57 Investment account 116.7 115.1
58 State and local government 25.6 25.5
59 Other 91.1 89.6
60 Loans and leases in bank credit(2) 1,919.0 1,930.2
61 Commercial and industrial 581.4 581.6
62 Bankers acceptances 0.9 0.9
63 Other 580.5 580.7
64 Real estate 804.8 803.9
65 Revolving home equity 76.0 76.6
66 Other 448.8 445.6
67 Commercial 280.0 281.7
68 Consumer 227.1 231.2
69 Credit cards and related plans 71.5 74.0
70 Other 155.6 157.2
71 Security(3) 61.9 64.9
72 Federal funds sold to and
repurchase agreements
with broker--dealers 42.9 45.8
73 Other 19.0 19.1
74 State and local government 12.2 12.6
75 Agricultural 9.7 9.7
76 Federal funds sold to and
repurchase agreements
with others 12.4 13.7
77 All other loans 83.6 86.9
78 Lease-financing receivables 126.1 125.8
79 Interbank loans 132.2 134.3
80 Federal funds sold to and
repurchase agreements
with commercial banks 63.1 65.3
81 Other 69.2 69.0
82 Cash assets(4) 137.6 134.7
83 Other assets(5) 243.4 243.2
84 Total assets(6) 2,965.9 2,972.2
Liabilities
85 Deposits 1,610.1 1,617.1
86 Transaction 281.6 292.9
87 Nontransaction 1,328.5 1,324.2
88 Large time 261.2 262.0
89 Other 1,067.2 1,062.2
90 Borrowings 655.8 660.6
91 From banks in the U.S. 200.2 201.1
92 From nonbanks in the U.S. 455.5 459.5
93 Net due to related foreign offices 217.4 208.2
94 Other liabilities 190.7 193.8
95 Total liabilities 2,673.9 2,679.7
96 Residual (assets less liabilities)(7) 292.0 292.5
Wednesday figures
Account 2000
Aug. 23 Aug. 30
Seasonally adjusted
Assets
1 Bank credit 2,519.5 2,522.8
2 Securities in bank credit 571.8 573.2
3 U.S. government securities 356.3 353.1
4 Trading account 22.4 22.0
5 Investment account 333.9 331.1
6 Other securities 215.5 220.1
7 Trading account 101.0 107.1
8 Investment account 114.5 113.1
9 State and local government 25.9 25.7
10 Other 88.6 87.3
11 Loans and leases in bank credit(2) 1,947.7 1,949.6
12 Commercial and industrial 589.8 588.1
13 Bankers acceptances .9 1.0
14 Other 588.9 587.1
15 Real estate 805.9 809.5
16 Revolving home equity 76.5 76.0
17 Other 729.4 733.4
18 Consumer 233.9 232.2
19 Security(3) 71.0 76.1
20 Federal funds sold to and
repurchase agreements
with broker-dealers 53.6 58.3
21 Other 17.4 17.8
22 State and local government 12.3 12.5
23 Agricultural 9.6 9.6
24 Federal funds sold to and
repurchase agreements
with others 13.4 13.5
25 All other loans 84.9 81.3
26 Lease-financing receivables 126.9 126.8
27 Interbank loans 139.8 133.1
28 Federal funds sold to and
repurchase agreements with
commercial banks 67.8 60.1
29 Other 72.0 73.1
30 Cash assets(4) 148.4 135.9
31 Other assets(5) 254.8 249.0
32 Total assets(6) 3,027.3 3,005.8
Liabilities
33 Deposits 1.625.1 1,607.2
34 Transaction 313.9 305.9
35 Nontransaction 1,311.2 1,301.2
36 Large time 260.7 261.9
37 Other 1,050.5 1,039.3
38 Borrowings 687.5 684.2
39 From banks in the U.S. 206.5 204.4
40 From others 481.0 479.8
41 Net due to related foreign offices 219.4 220.0
42 Other liabilities 198.9 202.9
43 Total liabilities 2,730.9 2,714.2
44 Residual (assets less liabilities)(7) 296.3 291.5
Not seasonally adjusted
Assets
45 Bank credit 2,489.3 2,502.0
46 Securities in bank credit 564.7 568.6
47 U.S. government securities 348.9 347.5
48 Trading account 21.7 20.8
49 Investment account 327.2 326.7
50 Mortgage-backed securities 207.1 206.7
51 Other 120.1 119.9
52 One year or less 31.7 32.1
53 One to five years 52.3 52.1
54 More than five years 36.2 35.7
55 Other securities 215.8 221.1
56 Trading account 101.0 107.1
57 Investment account 114.8 114.0
58 State and local government 25.6 25.6
59 Other 89.2 88.4
60 Loans and leases in bank credit(2) 1,924.6 1,933.4
61 Commercial and industrial 582.3 582.3
62 Bankers acceptances .9 1.0
63 Other 581.4 581.4
64 Real estate 801.6 806.3
65 Revolving home equity 76.7 76.4
66 Other 443.4 449.3
67 Commercial 281.4 280.5
68 Consumer 232.4 231.3
69 Credit cards and related plans 74.6 73.7
70 Other 157.7 157.7
71 Security(3) 63.3 69.2
72 Federal funds sold to and
repurchase agreements
with broker--dealers 46.2 51.1
73 Other 17.1 18.0
74 State and local government 12.5 12.7
75 Agricultural 9.7 9.7
76 Federal funds sold to and
repurchase agreements
with others 13.4 13.5
77 All other loans 83.6 82.6
78 Lease-financing receivables 125.8 125.7
79 Interbank loans 131.3 128.3
80 Federal funds sold to and
repurchase agreements
with commercial banks 61.4 57.3
81 Other 69.9 71.0
82 Cash assets(4) 132.9 134.9
83 Other assets(5) 248.8 248.0
84 Total assets(6) 2,966.9 2,978.0
Liabilities
85 Deposits 1,592.2 1,598.1
86 Transaction 289.5 301.7
87 Nontransaction 1,302.7 1,296.4
88 Large time 256.2 257.2
89 Other 1,046.5 1,039.2
90 Borrowings 654.4 656.2
91 From banks in the U.S. 199.0 197.7
92 From nonbanks in the U.S. 455.3 458.5
93 Net due to related foreign offices 227.4 228.2
94 Other liabilities 198.9 202.9
95 Total liabilities 2,672.9 2,685.5
96 Residual (assets less liabilities)(7) 294.0 292.6
D. Small domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 1999 2000
Aug.(r) Feb.(r) Mar.(r) Apr.(r)
Seasonally adjusted
Assets
1 Bank credit 1,787.1 1,904.0 1,924.9 1,929.9
2 Securities in
bank credit 509.3 521.2 521.0 520.2
3 U.S. government
securities 372.9 382.0 380.8 379.3
4 Other securities 136.4 139.2 140.3 140.9
5 Loans and leases in
bank credit(2) 1,277.8 1,382.8 1,403.9 1,409.6
6 Commercial and
industrial 241.7 264.1 269.1 271.5
7 Real estate 682.9 746.0 759.9 761.8
8 Revolving home
equity 35.5 38.8 39.7 40.4
9 Other 647.4 707.3 720.2 721.4
10 Consumer 263.0 278.8 279.9 281.0
11 Security(3) 6.0 6.5 6.5 6.8
12 Other loans and
leases 84.1 87.3 88.5 88.6
13 Interbank loans 64.8 63.8 62.6 68.1
14 Cash assets(4) 79.5 80.3 78.6 79.4
15 Other assets(5) 94.8 105.7 106.9 109.1
16 Total assets(6) 2,002.8 2,129.4 2,148.5 2,161.6
Liabilities
17 Deposits 1,508.4 1,581.5 1,592.7 1,610.9
18 Transaction 300.8 302.1 303.3 304.7
19 Nontransaction 1,207.6 1,279.4 1,289.4 1,306.2
20 Large time 222.8 248.3 252.0 254.8
21 Other 984.8 1,031.1 1,037.3 1,051.5
22 Borrowings 281.7 331.4 341.6 339.2
23 From banks in the U.S. 142.5 158.4 164.3 159.3
24 From others 139.2 173.0 177.4 179.8
25 Net due to related
foreign offices 3.5 5.3 5.4 5.3
26 Other liabilities 55.7 60.0 58.2 57.3
27 Total liabilities 1,849.2 1,978.1 1,997.8 2,012.7
28 Residual (assets less
liabilities)(7) 153.5 151.4 150.7 148.9
Not seasonally adjusted
Assets
29 Bank credit 1,790.0 1,891.2 1,918.7 1,933.2
30 Securities in
bank credit 509.0 517.9 522.1 524.7
31 U.S. government
securities 372.3 379.5 382.1 382.6
32 Other securities 136.7 138.4 140.0 142.1
33 Loans and leases in
bank credit(2) 1,281.0 1,373.3 1,396.6 1,408.5
34 Commercial and
industrial 240.2 263.0 269.1 273.7
35 Real estate 685.3 741.3 756.6 760.4
36 Revolving home
equity 35.5 38.6 39.4 40.2
37 Other 649.8 702.7 717.2 720.2
38 Consumer 263.4 277.8 278.1 280.0
39 Credit cards and
related plans n.a. n.a. n.a. n.a.
40 Other n.a. n.a. n.a. n.a.
41 Security(3) 6.0 6.5 6.5 6.8
42 Other loans and
leases 86.2 84.6 86.3 87.7
43 Interbank loans 61.8 64.9 65.5 69.6
44 Cash assets(4) 77.0 79.8 76.6 78.8
45 Other assets(5) 96.2 104.8 106.8 110.0
46 Total assets(6) 2,001.7 2,116.4 2,143.0 2,166.8
Liabilities
47 Deposits 1,503.8 1,572.9 1,590.7 1,618.1
48 Transaction 296.6 298.6 301.1 306.5
49 Nontransaction 1,207.2 1,274.3 1,289.6 1,311.5
50 Large time 222.8 248.3 252.0 254.8
51 Other 984.4 1,026.0 1,037.6 1,056.8
52 Borrowings 283.6 327.1 335.3 335.5
53 From banks in the U.S. 144.1 155.7 160.6 156.9
54 From others 139.5 171.3 174.7 178.6
55 Net due to related
foreign offices 3.5 5.3 5.4 5.3
56 Other liabilities 55.7 60.3 58.5 58.0
57 Total liabilities 1,846.5 1,965.6 1,989.9 2,016.9
58 Residual (assets less
liabilities)(7) 155.2 150.8 153.2 149.9
Monthly averages
Account 2000
May(r) June(r) July(r) Aug.
Seasonally adjusted
Assets
1 Bank credit 1,945.3 1,967.2 1,992.7 2,012.7
2 Securities in
bank credit 521.6 522.7 530.0 534.8
3 U.S. government
securities 378.8 378.3 378.9 376.2
4 Other securities 142.8 144.3 151.2 158.6
5 Loans and leases in
bank credit(2) 1,423.7 1,444.5 1,462.7 1,477.9
6 Commercial and
industrial 274.5 278.7 285.4 288.4
7 Real estate 771.4 780.7 787.6 791.8
8 Revolving home
equity 41.1 41.3 41.8 42.1
9 Other 730.3 739.4 745.8 749.6
10 Consumer 283.4 288.8 291.1 297.7
11 Security(3) 6.2 6.5 6.9 7.3
12 Other loans and
leases 88.2 89.7 91.7 92.8
13 Interbank loans 65.6 67.0 75.4 84.7
14 Cash assets(4) 81.3 79.2 81.2 81.3
15 Other assets(5) 113.4 112.1 111.1 110.4
16 Total assets(6) 2,180.5 2,199.7 2,233.8 2,262.1
Liabilities
17 Deposits 1,616.1 1,650.5 1,702.9 1,730.0
18 Transaction 304.2 298.8 300.7 304.7
19 Nontransaction 1,311.9 1,351.8 1,402.2 1,425.3
20 Large time 258.3 266.6 276.7 282.4
21 Other 1,053.5 1,085.1 1,125.6 1,142.9
22 Borrowings 347.0 341.5 336.6 336.5
23 From banks in the U.S. 163.5 159.8 160.5 161.7
24 From others 183.4 181.7 176.1 174.8
25 Net due to related
foreign offices 6.0 9.1 22.4 23.7
26 Other liabilities 60.7 57.9 49.4 50.1
27 Total liabilities 2,029.7 2,059.2 2,111.3 2,140.3
28 Residual (assets less
liabilities)(7) 150.8 140.6 122.6 121.8
Not seasonally adjusted
Assets
29 Bank credit 1,952.1 1,972.6 1,993.5 2,016.1
30 Securities in
bank credit 525.4 524.6 529.1 534.4
31 U.S. government
securities 382.1 380.6 378.7 375.6
32 Other securities 143.3 144.0 150.4 158.8
33 Loans and leases in
bank credit(2) 1,426.8 1,448.0 1,464.4 1,481.7
34 Commercial and
industrial 277.1 280.7 285.5 286.5
35 Real estate 771.7 781.8 788.7 794.5
36 Revolving home
equity 41.1 41.3 41.6 42.1
37 Other 730.7 740.5 747.1 752.5
38 Consumer 283.5 288.5 290.1 298.4
39 Credit cards and
related plans n.a. n.a. 123.6 130.4
40 Other n.a. n.a. 166.5 168.0
41 Security(3) 6.2 6.5 6.9 7.3
42 Other loans and
leases 88.2 90.5 93.3 95.1
43 Interbank loans 62.1 63.7 71.4 80.7
44 Cash assets(4) 81.1 78.6 79.8 78.6
45 Other assets(5) 112.6 112.0 113.0 112.1
46 Total assets(6) 2,182.7 2,201.1 2,231.1 2,260.4
Liabilities
47 Deposits 1,615.4 1,647.9 1,697.7 1,725.4
48 Transaction 301.7 299.3 298.1 300.3
49 Nontransaction 1,313.6 1,348.6 1,399.5 1,425.1
50 Large time 258.3 266.6 276.7 282.4
51 Other 1,055.3 1,082.0 1,122.9 1,142.7
52 Borrowings 348.3 343.4 339.0 339.6
53 From banks in the U.S. 163.0 161.5 162.9 164.6
54 From others 185.4 181.9 176.1 175.0
55 Net due to related
foreign offices 6.0 9.1 22.4 23.7
56 Other liabilities 60.7 57.7 48.6 50.1
57 Total liabilities 2,030.3 2,058.1 2,107.6 2,138.8
58 Residual (assets less
liabilities)(7) 152.4 143.0 123.5 121.6
Wednesday figures
Account 2000
Aug. 9 Aug. 16 Aug. 23 Aug. 30
Seasonally adjusted
Assets
1 Bank credit 2,006.2 2,009.7 2,017.0 2,019.4
2 Securities in
bank credit 532.4 534.3 536.0 536.8
3 U.S. government
securities 374.8 375.7 376.3 377.8
4 Other securities 157.6 158.6 159.7 159.0
5 Loans and leases in
bank credit(2) 1,473.8 1,475.4 1,481.0 1,482.6
6 Commercial and
industrial 287.5 287.7 289.2 289.2
7 Real estate 790.8 790.5 792.3 793.5
8 Revolving home
equity 42.1 42.1 42.2 42.2
9 Other 748.7 748.3 750.1 751.3
10 Consumer 295.6 296.9 299.5 300.0
11 Security(3) 7.2 7.4 7.2 7.2
12 Other loans and
leases 92.7 92.9 92.9 92.6
13 Interbank loans 78.6 86.1 88.9 87.8
14 Cash assets(4) 81.1 80.4 83.8 79.1
15 Other assets(5) 112.2 108.7 112.0 108.9
16 Total assets(6) 2,251.2 2,257.8 2,274.4 2,267.9
Liabilities
17 Deposits 1,722.6 1,728.8 1,737.2 1,731.7
18 Transaction 296.8 301.6 313.5 311.0
19 Nontransaction 1,425.8 1,427.2 1,423.6 1,420.7
20 Large time 281.2 281.7 283.6 283.4
21 Other 1,144.7 1,145.4 1,140.0 1,137.3
22 Borrowings 335.8 335.6 337.0 337.2
23 From banks in the U.S. 162.7 159.8 162.1 161.9
24 From others 173.0 175.8 174.9 175.3
25 Net due to related
foreign offices 26.7 20.4 25.3 23.6
26 Other liabilities 48.4 49.9 51.0 51.3
27 Total liabilities 2,133.5 2,134.6 2,150.5 2,143.9
28 Residual (assets less
liabilities)(7) 117.8 123.2 124.0 124.0
Not seasonally adjusted
Assets
29 Bank credit 2,008.8 2,013.2 2,020.7 2,024.0
30 Securities in
bank credit 532.5 533.5 535.7 536.5
31 U.S. government
securities 374.8 374.6 375.8 377.2
32 Other securities 157.8 158.8 159.9 159.3
33 Loans and leases in
bank credit(2) 1,476.3 1,479.7 1,485.0 1,487.5
34 Commercial and
industrial 286.0 286.0 286.9 286.9
35 Real estate 793.1 793.5 795.2 796.6
36 Revolving home
equity 41.9 42.0 42.1 42.2
37 Other 751.2 751.5 753.1 754.4
38 Consumer 295.2 297.5 300.7 301.7
39 Credit cards and
related plans 128.1 129.9 132.1 132.9
40 Other 167.2 167.6 168.6 168.7
41 Security(3) 7.2 7.4 7.2 7.2
42 Other loans and
leases 94.7 95.3 95.1 95.1
43 Interbank loans 77.7 82.5 81.1 82.1
44 Cash assets(4) 76.4 78.2 77.3 79.6
45 Other assets(5) 115.3 110.6 110.5 111.1
46 Total assets(6) 2,251.4 2,257.4 2,262.3 2,269.6
Liabilities
47 Deposits 1,720.9 1,725.8 1,722.8 1,728.0
48 Transaction 292.0 298.5 301.8 309.3
49 Nontransaction 1,428.9 1,427.4 1,421.0 1,418.7
50 Large time 281.2 281.7 283.6 283.4
51 Other 1,147.7 1,145.6 1,137.3 1,135.3
52 Borrowings 336.7 340.1 340.5 341.9
53 From banks in the U.S. 164.6 163.6 165.3 165.3
54 From others 172.1 176.6 175.2 176.6
55 Net due to related
foreign offices 26.7 20.4 25.3 23.6
56 Other liabilities 48.4 49.9 51.0 51.4
57 Total liabilities 2,132.7 2,136.3 2,139.5 2,145.0
58 Residual (assets less
liabilities)(7) 118.7 121.2 122.8 124.6
E. Foreign-related institutions
Billions of dollars
Monthly averages
Account 1999 2000
Aug.(r) Feb. Mar. Apr.
Seasonally adjusted
Assets
1 Bank credit 528.6 540.3 543.5(r) 569.6(r)
2 Securities in bank
credit 193.9 192.2 195.6(r) 204.4(r)
3 U.S. government
securities 84.5 76.0 78.1 79.6
4 Other securities 109.4 116.2 117.5(r) 124.8(r)
5 Loans and leases
in bank credit(2) 334.7 348.2 347.9 365.2
6 Commercial and
industrial 195.8 195.7 196.3 199.2
7 Real estate 17.6 17.7 18.0 18.4(r)
8 Security(3) 55.0 66.8 66.5 77.9(r)
9 Other loans and
leases 66.3 68.0 67.1 69.7
10 Interbank loans 26.5 32.7 28.6 29.4
11 Cash assets(4) 30.9 50.7 47.6 47.4
12 Other assets(5) 30.0 38.4 39.2 40.0
13 Total assets(6) 624.7 661.8 658.6(r) 686.1(r)
Liabilities
14 Deposits 314.7 377.2 378.0 387.5
15 Transaction 10.7 11.0 11.1 10.9
16 Nontransaction 304.1 366.2 366.9 376.6
17 Borrowings 174.9 175.4 177.1 199.6
18 From banks in
the U.S. 23.1 18.4 10.7 20.9
19 From others 151.8 156.9 157.4 178.7
20 Net due to related
foreign offices 71.2 27.0 20.3 15.4
21 Other liabilities 61.5 72.7 71.3(r) 75.6(r)
22 Total liabilities 622.3 652.2 646.8(r) 678.1(r)
23 Residual (assets less
liabilities)(7) 2.4 9.6 11.8 8.0(r)
Not seasonally adjusted
Assets
24 Bank credit 520.3 544.6 542.1(r) 563.3(r)
25 Securities in bank
credit 189.4 193.4 192.7(r) 200.7(r)
26 U.S. government
securities 83.0 76.1 77.9 80.3
27 Trading account 16.6 7.3 9.3 11.8
28 Investment
account 66.5 68.8 68.6 68.6
29 Other securities 106.3 117.3 114.7(r) 120.4(r)
30 Trading account 64.9 74.0 71.5(r) 76.5(r)
31 Investment account 41.5 43.4 43.2 43.9
32 Loans and leases in
bank credit(2) 331.0 351.1 349.4 362.5
33 Commercial and
industrial 193.3 198.2 198.0 197.5
34 Real estate 17.4 18.0 18.1 18.3(r)
35 Security(3) 55.1 66.6 66.8 78.0
36 Other loans and
leases 65.1 68.4 66.6 68.8(r)
37 Interbank loans 26.5 32.7 28.6 29.4
38 Cash assets(4) 38.7 50.1 46.6 45.3
39 Other assets(5) 29.6 40.2 40.5 39.3
40 Total assets(6) 614.8 667.3 657.5(r) 676.9(r)
Liabilities
41 Deposits 305.9 384.1 384.1 388.6
42 Transaction 10.6 10.9 10.9 10.5
43 Nontransaction 295.2 373.3 373.2 378.1
44 Borrowings 174.9 175.4 177.1 199.6
45 From banks in
the U.S. 231.0 18.4 19.7 21).9
46 From others 151.8 156.9 157.4 178.7
47 Net due to related
foreign offices 70.8 29.3 20.8 10.7
48 Other liabilities 61.3 74.7 71.7(r) 73.7(r)
49 Total liabilities 612.8 663.5 653.7(r) 672.6(r)
50 Residual (assets less
liabilities)(7) 2.0 3.8 3.8 4.3(r)
MEMO
Large domestically
chartered banks,
adjusted for mergers
51 Revaluation gains on
off-balance-sheet
items(8) 58.1 64.5 65.7 65.1
52 Revaluation losses
on off-balance-
sheet items(8) 62.3 64.3(r) 64.0 65.0
53 Mortgage-backed
securities(9) 246.7(r) 251.6(r) 252.9(r) 254.6(r)
54 Pass-through 171.0(r) 174.6(r) 176.1(r) 179.0(r)
55 CMO, REMIC, and other 75.7 77.0(r) 767.0 75.6
56 Net unrealized gains
(losses) on
available-for-sale
securities(10) -8.2 -10.8 -9.6 -16.3
57 Off-shore credit to
U.S. residents(11) 32.2 23.6 24.1 24.4
58 Securitized consumers
loans(12) n.a. n.a. n.a. n.a.
59 Credit cards and
related plans n.a. n.a. n.a. n.a.
60 Other n.a. n.a. n.a. n.a.
61 Securitized business
loans(2) n.a. n.a. n.a. n.a.
Small domestically
chartered
commercial banks,
adjusted for
mergers
62 Mortgage-backed
securities(9) 199.1(r) 204.3(r) 206.1(r) 206.8(r)
63 Securitized consumer
loans(12) n.a. n.a. n.a. n.a.
64 Credit cards and
related plans n.a. n.a. n.a. n.a.
65 Other n.a. n.a. n.a. n.a.
Foreign-related
institutions
66 Revaluation gains on
off-balance-
sheet items(8) 37.9 40.1 39.3(r) 41.7(r)
67 Revaluation losses on
off-balance-
sheet items(8) 36.1 40.1 38.3 38.6
68 Securitized business
loans(12) n.a. n.a. n.a. n.a.
Monthly averages
Account 2000
May June July Aug.
Seasonally adjusted
Assets
1 Bank credit 583.1(r) 575.8(r) 575.9(r) 578.2
2 Securities in bank
credit 210.5(r) 205.4(r) 205.1(r) 205.9
3 U.S. government
securities 79.7 78.9 79.7 79.8
4 Other securities 130.8(r) 126.5(r) 125.4(r) 126.1
5 Loans and leases
in bank credit(2) 372.6 370.4 370.8 372.2
6 Commercial and
industrial 204.7(r) 205.1(r) 203.5(r) 205.6
7 Real estate 18.7(r) 19.0(r) 18.9(r) 18.8
8 Security(3) 80.9 81.0 81.5 78.9
9 Other loans and
leases 68.0 65.2(r) 66.9 68.9
10 Interbank loans 31.8 28.6 26.2 24.1
11 Cash assets(4) 43.9 44.6 45.2 48.4
12 Other assets(5) 41.1 43.5 43.0 42.0
13 Total assets(6) 699.6(r) 692.2(r) 690.0(r) 692.5
Liabilities
14 Deposits 382.1 382.5 386.8 391.5
15 Transaction 11.2 11.4 11.4 10.9
16 Nontransaction 370.9 371.1 375.4 380.6
17 Borrowings 204.4 205.2 205.5 201.8
18 From banks in
the U.S. 17.9 18.9 20.8 16.9
19 From others 186.5 186.3 184.7 184.9
20 Net due to related
foreign offices 21.1 19.5 17.7 23.6
21 Other liabilities 82.2(r) 75.1(r) 72.4(r) 71.9
22 Total liabilities 689.8(r) 682.3(r) 682.5(r) 688.8
23 Residual (assets less
liabilities)(7) 9.8(r) 9.9(r) 7.6(r) 3.6
Not seasonally adjusted
Assets
24 Bank credit 574.7 566.1(r) 565.3(r) 568.5
25 Securities in bank
credit 207.4 199.4(r) 198.3(r) 200.3
26 U.S. government
securities 80.7 78.9 78.7 78.2
27 Trading account 12.3 11.8 11.8 13.7
28 Investment
account 68.4 67.1 66.8 64.6
29 Other securities 126.7(r) 120.5(r) 119.7(r) 122.1
30 Trading account 83.0 77.5(r) 76.8(r) 78.6
31 Investment account 43.7 42.9 42.8(r) 43.5
32 Loans and leases in
bank credit(2) 367.2 366.8(r) 367.0 368.2
33 Commercial and
industrial 200.7(r) 201.8(r) 201.0(r) 203.0
34 Real estate 18.7(r) 18.9(r) 18.7(r) 18.6
35 Security(3) 80.8 81.3 81.3 79.l
36 Other loans and
leases 67.1 64.7 66.1 67.6
37 Interbank loans 31.8 28.6 26.2 24.1
38 Cash assets(4) 42.8 43.9 43.5(r) 46.8
39 Other assets(5) 40.5 41.3 41.0 41.3
40 Total assets(6) 689.4(r) 679.6(r) 675.8(r) 680.4
Liabilities
41 Deposits 382.9 378.2 378.1 379.7
42 Transaction 10.7 11.1 11.3 108.0
43 Nontransaction 372.2 367.1 366.8 368.9
44 Borrowings 204.4 205.2 205.5 201.8
45 From banks in
the U.S. 17.9 18.9 20.8 16.9
46 From others 186.5 186.3 184.7 184.9
47 Net due to related
foreign offices 17.0 18.1 16.8 23.4
48 Other liabilities 80.6 73.6(r) 70.8(r) 71.5
49 Total liabilities 684.9(r) 675.1(r) 671.2(r) 676.4
50 Residual (assets less
liabilities)(7) 4.5(r) 4.5(r) 4.6(r) 4.0
MEMO
Large domestically
chartered banks,
adjusted for mergers
51 Revaluation gains on
off-balance-sheet
items(8) 72.4 68.6(r) 63.1(r) 66.5
52 Revaluation losses
on off-balance-
sheet items(8) 72.9 68.8(r) 62.9(r) 67.3
53 Mortgage-backed
securities(9) 251.8(r) 249.2(r) 241.4 237.0
54 Pass-through 177.4(r) 177.2(r) 172.5(r) 169.2
55 CMO, REMIC, and other 74.4 72.0 69.0(r) 67.8
56 Net unrealized gains
(losses) on
available-for-sale
securities(10) -16.5 -15.0 -10.8 -11.2
57 Off-shore credit to
U.S. residents(11) 23.5 22.4 22.2 22.1
58 Securitized consumers
loans(12) n.a. n.a. 87.3 86.5
59 Credit cards and
related plans n.a. n.a. 72.4 72.0
60 Other n.a. n.a. 15.0 14.6
61 Securitized business
loans(2) n.a. n.a. n.a. n.a.
Small domestically
chartered
commercial banks,
adjusted for
mergers
62 Mortgage-backed
securities(9) 206.3(r) 205.1(r) 204.5(r) 207.3
63 Securitized consumer
loans(12) n.a. n.a. 220.9 221.4
64 Credit cards and
related plans n.a. n.a. 211.2 211.9
65 Other n.a. n.a. 9.7 9.5
Foreign-related
institutions
66 Revaluation gains on
off-balance-
sheet items(8) 47.1(r) 41.1(r) 38.1(r) 39.8
67 Revaluation losses on
off-balance-
sheet items(8) 44.5 38.0 35.7 37.7
68 Securitized business
loans(12) n.a. n.a. n.a. n.a.
Wednesday figures
Account 2000
Aug. 9 Aug. 16 Aug. 23 Aug. 30
Seasonally adjusted
Assets
1 Bank credit 585.2 573.4 573.0 578.8
2 Securities in bank
credit 205.3 202.0 204.4 209.0
3 U.S. government
securities 79.1 78.2 78.4 82.7
4 Other securities 126.3 123.8 126.0 126.3
5 Loans and leases
in bank credit(2) 379.8 371.4 368.6 369.8
6 Commercial and
industrial 206.6 206.1 205.2 204.8
7 Real estate 18.7 18.7 18.7 18.9
8 Security(3) 84.1 76.8 76.0 79.1
9 Other loans and
leases 70.5 69.9 68.6 67.0
10 Interbank loans 21.3 21.8 26.1 28.7
11 Cash assets(4) 48.3 47.3 49.5 48.4
12 Other assets(5) 41.9 41.9 41.8 42.4
13 Total assets(6) 696.3 684.0 690.1 698.0
Liabilities
14 Deposits 394.3 395.6 389.4 388.1
15 Transaction 11.3 11.3 10.5 106.0
16 Nontransaction 383.0 384.2 378.9 377.6
17 Borrowings 204.0 196.2 201.6 205.1
18 From banks in
the U.S. 18.7 16.1 19.1 13.3
19 From others 185.3 180.1 182.5 191.8
20 Net due to related
foreign offices 21.8 21.2 23.4 25.6
21 Other liabilities 71.4 70.4 70.3 74.3
22 Total liabilities 691.6 683.4 684.8 693.2
23 Residual (assets less
liabilities)(7) 4.7 .7 5.3 4.8
Not seasonally adjusted
Assets
24 Bank credit 572.7 564.7 562.6 571.5
25 Securities in bank
credit 198.1 196.5 198.5 205.3
26 U.S. government
securities 77.6 77.3 76.8 80.5
27 Trading account 12.3 12.0 13.1 17.0
28 Investment
account 65.3 65.3 63.7 63.4
29 Other securities 120.5 119.2 121.7 124.8
30 Trading account 76.8 75.4 78.5 81.3
31 Investment account 43.8 43.8 43.2 43.5
32 Loans and leases in
bank credit(2) 374.6 368.3 364.1 366.2
33 Commercial and
industrial 203.4 203.9 202.4 202.1
34 Real estate 18.5 18.5 18.6 18.7
35 Security(3) 84.0 77.4 76.1 79.3
36 Other loans and
leases 68.7 68.4 67.1 66.2
37 Interbank loans 21.3 21.8 26.1 28.7
38 Cash assets(4) 46.3 45.8 47.8 46.9
39 Other assets(5) 40.9 41.0 41.1 42.1
40 Total assets(6) 680.8 673.0 677.3 688.9
Liabilities
41 Deposits 381.5 381.5 378.2 377.9
42 Transaction 11.0 11.3 10.4 10.8
43 Nontransaction 370.6 370.2 367.8 367.2
44 Borrowings 204.0 196.2 201.6 205.1
45 From banks in
the U.S. 18.7 16.1 19.1 13.3
46 From others 185.3 180.1 182.5 191.8
47 Net due to related
foreign offices 20.4 21.4 23.5 27.7
48 Other liabilities 70.6 70.1 70.0 74.3
49 Total liabilities 676.5 669.1 673.4 685.0
50 Residual (assets less
liabilities)(7) 4.3 3.8 4.0 3.8
MEMO
Large domestically
chartered banks,
adjusted for mergers
51 Revaluation gains on
off-balance-sheet
items(8) 65.5 64.8 65.4 69.1
52 Revaluation losses
on off-balance-
sheet items(8) 66.3 66.0 66.4 69.7
53 Mortgage-backed
securities(9) 237.0 237.3 236.8 236.5
54 Pass-through 169.0 169.2 169.1 169.3
55 CMO, REMIC, and other 68.1 681.0 67.7 67.2
56 Net unrealized gains
(losses) on
available-for-sale
securities(10) -11.4 -11.3 -11.1 -11.1
57 Off-shore credit to
U.S. residents(11) 22.1 22.0 22.2 22.1
58 Securitized consumers
loans(12) 87.9 85.9 85.1 86.7
59 Credit cards and
related plans 73.0 71.1 71.1 72.4
60 Other 14.9 14.8 14.0 14.4
61 Securitized business
loans(2) n.a. n.a. n.a. n.a.
Small domestically
chartered
commercial banks,
adjusted for
mergers
62 Mortgage-backed
securities(9) 205.5 206.2 208.2 209.5
63 Securitized consumer
loans(12) 220.2 220.7 221.4 222.9
64 Credit cards and
related plans 211.5 211.0 211.6 213.2
65 Other 8.7 9.8 9.8 9.7
Foreign-related
institutions
66 Revaluation gains on
off-balance-
sheet items(8) 39.6 38.1 39.8 41.0
67 Revaluation losses on
off-balance-
sheet items(8) 36.1 36.5 37.9 39.5
68 Securitized business
loans(12) n.a. n.a. n.a. n.a.
NOTE. Tables 1.26, 1.27, and 1.28 have been revised in reflect changes
in the Board's H.8 statistical release, "Assets and Liabilities of
Commercial Banks in the United States." Table 1.27, "Assets and
Liabilities of Large Weekly Reporting Commercial Banks," and table
1.28, "Large Weekly Reporting U.S. Branches and Agencies of Foreign
Banks," are no longer being published in the Bulletin. Instead,
abbreviated balance sheets for both large and small domestically
chartered banks have been included in table 1.26, parts C and D. Data
are both merger-adjusted and break-adjusted. In addition, data from
large weekly reporting U.S. branches and agencies of foreign banks have
been replaced by balance sheet estimates of all foreign-related
institutions and are included in table 1.26, part E. These data are
break-adjusted.
The not-seasonally-adjusted data for all tables now contain additional
balance sheet items, which were available as of October 2, 1996.
(1.) Covers the following types of institutions in the fifty states and
the District of Columbia: domestically chartered commercial banks that
submit a weekly report of condition (large domestic); other
domestically chartered commercial banks (small domestic); branches and
agencies of foreign banks, and Edge Act and agreement corporations
(foreign-related institutions). Excludes International Banking
Facilities. Data are Wednesday values or pro rata averages of Wednesday
values. Large domestic banks constitute a universe; data for small
domestic banks and foreign-related institutions are estimates based on
weekly samples and on quarter-end condition reports. Data are adjusted
for breaks caused by reclassifications of assets and liabilities.
The data for large and small domestic banks presented on pp. A17-19 are
adjusted to remove the estimated effects of mergers between these two
groups. The adjustment for mergers changes past levels to make them
comparable with current levels. Estimated quantities of balance sheet
items acquired in mergers are removed from past data for the bank group
that contained the acquired bank and put into past data for the group
containing the acquiring bank. Balance sheet data for
acquired banks are obtained from Call Reports, and a ratio
procedure is used to adjust past levels.
(2.) Excludes federal funds sold to, reverse RPs with, and loans made to
commercial banks in the United States, all of which are included in
"Interbank loans."
(3.) Consists of reverse RPs with brokers and dealers
and loans to purchase and carry securities.
(4.) Includes vault cash, cash items in process of collection, balances
due from depository institutions, and balances due from Federal Reserve
Banks.
(5.) Excludes the due-from position with related foreign offices,
which is included in "Net due to related foreign offices."
(6.) Excludes unearned income, reserves for losses on loans and leases,
and reserves for transfer risk. Loans are reported gross of these
items.
(7.) This balancing item is not intended as a measure of equity capital
for use in capital adequacy analysis. On a seasonally adjusted basis
this item reflects any differences in the seasonal patterns estimated
for total assets and total liabilities.
(8.) Fair value of derivative contracts (interest rate,
foreign exchange rate, other commodity and equity contracts)
in a gain/loss position, as determined under FASB
Interpretation No. 39.
(9.) Includes mortgage-backed securities issued by U.S.
government agencies, U.S. government-sponsored enterprises, and
private entities.
(10.) Difference between fair value and historical cost
for securities classified as available- for-sale under FASB Statement
No. 115. Data are reported net of tax effects. Data shown are restated
to include an estimate of these tax effects.
(11.) Mainly commercial and industrial loans but also includes
an unknown amount of credit extended to other than nonfinancial
businesses.
(12.) Total amount outstanding.
1.32 COMMERCIAL PAPER AND BANKERS DOLLAR ACCEPTANCES OUTSTANDING
A. Commercial Paper
Millions of dollars, seasonally adjusted, end of period
Year ending December
Item
1995 1996 1997
1 All issuers 674,904 775,371 966,699
Financial companies(1)
2 Dealer-placed paper, total(2) 275,815 361,147 513,307
3 Directly placed paper, total(3) 210,829 229.66 252,536
4 Nonfinancial companies(4) 188,260 184,563 200,857
Year ending December 2000
Item
1998 1999 Feb.
1 All issuers 1,163,303 1,403,023 1,428,605
Financial companies(1)
2 Dealer-placed paper, total(2) 614.14 786,643 835,140
3 Directly placed paper, total(3) 322,030 337,240 298,603
4 Nonfinancial companies(4) 227,132 279,140 294,863
2000
Item
Mar. Apr. May
1 All issuers 1,449,143 1,465,697 1,497,712
Financial companies(1)
2 Dealer-placed paper, total(2) 849,198 860,843 884,299
3 Directly placed paper, total(3) 302,885 294,328 302,305
4 Nonfinancial companies(4) 297,060 310.53 311,109
2000
Item
June July
1 All issuers 1,516,205 1,551,668
Financial companies(1)
2 Dealer-placed paper, total(2) 884,578 900,651
3 Directly placed paper, total(3) 300,718 309,076
4 Nonfinancial companies(4) 330,909 341,941
(1.) Institutions engaged primarily in commercial, savings, and
mortgage banking; sales, personal, and mortgage financing; factoring,
finance leasing, and other business lending; insurance underwriting;
and other investment activities,
(2.) Includes all financial-company paper sold by dealers in
the open market.
(3.) As reported by financial companies that place their paper
directly with investors.
(4.) Includes public utilities and firms engaged primarily
in such activities as communications, construction,
manufacturing, mining, wholesale and retail trade, transportation,
and services.
B. Bankers Dollar Acceptances(1)
Millions of dollars, not seasonally adjusted, year
ending September(2)
Item 1996 1997 1998 1999
1 Total amount of reporting
banks' acceptances
in existence 25,832 25,774 14,363 10,094
2 Amount of other banks'
eligible
acceptances held
by reporting banks 709 736 523 461
3 Amount of own eligible 7,770 6,862 4,884 4,261
acceptances held by reporting
banks (included in item 1)
4 Amount of eligible
acceptances representing
goods stored in, or
shipped between,
foreign countries
(included in item 1) 9,361 10,467 5,413 3,498
(1.) Includes eligible, dollar-denominated bankers acceptances
legally payable in the United States. Eligible acceptances are
those that are eligible for discount by Federal Reserve Banks;
that is, those acceptances that meet the criteria of Paragraph 7
of Section 13 of the Federal Reserve Act (12 U.S.C. [sections] 372).
(2.) Data on bankers dollar acceptances are gathered from
approximately 55 institutions; includes U.S. chartered commercial
banks (domestic and foreign offices), U.S. branches and
agencies of foreign banks, and Edge and agreement corporations.
The reporting group is revised every year.
1.33 PRIME RATE CHARGED BY BANKS Short-term Business Loans(1)
Percent per year
Date of change Rate
1997--Jan. 1 8.25
Mar. 26 8.50
1998--Sept .30 8.25
Oct. 16 8.00
Nov. 18 7.75
1999--July 1 8.00
Aug. 25 8.25
Nov. 17 8.50
2000--Feb. 3 8.75
Mar. 22 9.00
May 17 9.50
Period Average
rate
1997 8.44
1998 8.35
1999 8.00
1997--Jan. 8.25
Feb. 8.25
Mar. 8.30
Apr. 8.50
May 8.50
June 8.50
July 8.50
Aug. 8.50
Sept. 8.50
Oct. 8.50
Nov. 8.50
Dec. 8.50
1998--Jan. 8.50
Feb. 8.50
Mar. 8.50
Apr. 8.50
May 8.50
June 8.50
July 8.50
Aug. 8.50
Sept. 8.49
Oct. 8.12
Nov. 7.89
Dec. 7.75
1999--Jan. 7.75
Feb. 7.75
Mar. 7.75
Apr. 7.75
May 7.75
June 7.75
July 8.00
Aug. 8.06
Sept. 8.25
Oct. 8.25
Nov. 8.37
Dec. 8.50
2000--Jan. 8.50
Feb. 8.73
Mar. 8.83
Apr. 9.00
May 9.24
June 9.50
July 9.50
Aug. 9.50
Sept. 9.50
(1.) The prime rate is one of several base rates that banks use
to price short-term business loans. The table shows the date
on which a new rate came to be the predominant one quoted
by a majority of the twenty-five largest banks by asset size,
based on the most recent Call Report. Data in this table also
appear in the Board's H.15 (519) weekly and G.13 (415)
monthly statistical releases. For ordering address, see
inside front cover.
1.35 INTEREST RATES Money and Capital Markets
Percent per year; figures are averages of business day data unless
otherwise noted
Item 1997 1998 1999
MONEY MARKET INSTRUMENTS
1 Federal funds(1,2,3) 5.46 5.35 4.97
2 Discount window borrowing(2,4) 5.00 4.92 4.62
Commercial paper(3,5,6)
Nonfinancial
3 1-month 5.57 5.40 5.09
4 2-month 5.57 5.38 5.14
5 3-month 5.56 5.34 5.18
Financial
6 1-month 5.59 5.42 5.11
7 2-month 5.59 5.40 5.16
8 3-month 5.60 5.37 5.22
Commercial paper (historical)(3,5,7)
9 1-month 5.54 n.a. n.a.
10 3-month 5.58 n.a. n.a.
11 6-month 5.62 n.a. n.a.
Finance paper, directly placed
(historical)(3,5,8)
12 1-month 5.44 n.a. n.a.
13 3-month 5.48 n.a. n.a.
14 6-month 5.48 n.a. n.a.
Bankers acceptances(3,5,9)
15 3-month 5.54 5.39 5.24
16 6-month 5.57 5.30 5.30
Certificates of deposit, secondary
market(3,10)
17 1-month 5.54 5.49 5.19
18 3-month 5.62 5.47 5.33
19 6-month 5.73 5.44 5.46
20 Eurodollar deposits, 3-month(3,11) 5.61 5.45 5.31
U.S. Treasury bills
Secondary market(3,5)
21 3-month 5.06 4.78 4.64
22 6-month 5.18 4.83 4.75
23 1-year 5.32 4.80 4.81
Auction high(3,5,12)
24 3-month 5.07 4.81 4.66
25 6-month 5.18 4.85 4.76
26 1-year 5.36 4.85 4.78
U.S. TREASURY NOTES AND BONDS
Constant maturities(13)
27 1-year 5.63 5.05 5.08
28 2-year 5.99 5.13 5.43
29 3-year 6.10 5.14 5.49
30 5-year 6.22 5.15 5.55
31 7-year 6.33 5.28 5.79
32 10-year 6.35 5.26 5.65
33 20-year 6.69 5.72 6.20
34 30-year 6.61 5.58 5.87
Composite
35 More than 10 years (long-term) 6.67 5.69 6.14
STATE AND LOCAL NOTES AND BONDS
Moody's series(14)
36 Aaa 5.32 4.93 5.28
37 Baa 5.50 5.14 5.70
38 Bond Buyer series(15) 5.52 5.09 5.43
CORPORATE BONDS
39 Seasoned issues, all industries(16) 7.54 6.87 7.45
Rating group
40 Aaa 7.27 6.53 7.05
41 Aa 7.48 6.80 7.36
42 A 7.54 6.93 7.53
43 Baa 7.87 7.22 7.88
MEMO
Dividend-price ratio(17)
44 Common stocks 1.77 1.49 1.25
2000
Item
May June July Aug.
MONEY MARKET INSTRUMENTS
1 Federal funds(1,2,3) 6.27 6.53 6.54 6.50
2 Discount window borrowing(2,4) 5.71 6.00 6.00 6.00
Commercial paper(3,5,6)
Nonfinancial
3 1-month 6.40 6.53 6.49 6.47
4 2-month 6.47 6.55 6.50 6.48
5 3-month 6.54 6.57 6.52 6.49
Financial
6 1-month 6.41 6.53 6.50 6.49
7 2-month 6.50 6.56 6.51 6.49
8 3-month 6.57 6.59 6.54 6.49
Commercial paper (historical)(3,5,7)
9 1-month n.a. n.a. n.a. n.a.
10 3-month n.a. n.a. n.a. n.a.
11 6-month n.a. n.a. n.a. n.a.
Finance paper, directly placed
(historical)(3,5,8)
12 1-month n.a. n.a. n.a. n.a.
13 3-month n.a. n,a. n.a. n.a.
14 6-month n.a. n.a. n.a. n.a.
Bankers acceptances(3,5,9)
15 3-month 6.60 6.63 n.a. n.a.
16 6-month 6.76 6.74 n.a. n.a.
Certificates of deposit, secondary
market(3,10)
17 1-month 6.49 6.60 6.57 6.55
18 3-month 6.71 6.73 6.67 6.61
19 6-month 6.94 6.91 6.86 6.76
20 Eurodollar deposits, 3-month(3,11) 6.70 6.73 6.67 6.61
U.S. Treasury bills
Secondary market(3,5)
21 3-month 5.79 5.69 5.96 6.09
22 6-month 6.10 5.97 6.00 6.07
23 1-year 5.94 5.83 5.75 5.87
Auction high(3,5,12)
24 3-month 5.92 5.74 n.a. n.a.
25 6-month 6.12 6.02 n.a. n.a.
26 1-year n.a. 6.00 n.a. n.a.
U.S. TREASURY NOTES AND BONDS
Constant maturities(13)
27 1-year 6.33 6.17 6.08 6.18
28 2-year 6.81 6.48 6.34 6.23
29 3-year 6.77 6.43 6.28 6.17
30 5-year 6.69 6.30 6.18 6.06
31 7-year 6.69 6.33 6.22 6.05
32 10-year 6.44 6.10 6.05 5.83
33 20-year 6.55 6.28 6.20 6.02
34 30-year 6.15 5.93 5.85 5.72
Composite
35 More than 10 years (long-term) 6.49 6.23 n.a. n.a.
STATE AND LOCAL NOTES AND BONDS
Moody's series(14)
36 Aaa 5.87 5.69 5.53 5.43
37 Baa 6.53 6.24 6.09 6.01
38 Bond Buyer series(15) 6.00 5.80 5.63 5.51
CORPORATE BONDS
39 Seasoned issues, all industries(16) 8.41 8.05 7.98 7.88
Rating group
40 Aaa 7.99 7.67 7.65 7.55
41 Aa 8.24 7.87 7.81 7.70
42 A 8.49 8.18 8.11 8.02
43 Baa 8.90 8.48 8.35 8.26
MEMO
Dividend-price ratio(17)
44 Common stocks 1.17 1.12 1.10 1.09
2000, week ending
Item
July 28 Aug. 4 Aug. 11
MONEY MARKET INSTRUMENTS
1 Federal funds(1,2,3) 6.50 6.49 6.45
2 Discount window borrowing(2,4) 6.00 6.00 6.00
Commercial paper(3,5,6)
Nonfinancial
3 1-month 6.47 6.49 6.47
4 2-month 6.48 6.50 6.48
5 3-month 6.51 6.51 6.49
Financial
6 1-month 6.49 6.50 6.48
7 2-month 6.50 6.50 6.48
8 3-month 6.53 6.52 6.48
Commercial paper (historical)(3,5,7)
9 1-month n.a. n.a. n.a.
10 3-month n.a. n.a. n.a.
11 6-month n.a. n.a. n.a.
Finance paper, directly placed
(historical)(3,5,8)
12 1-month n.a. n.a. n.a.
13 3-month n.a. n.a. n.a.
14 6-month n.a. n.a. n.a.
Bankers acceptances(3,5,9)
15 3-month n.a. n.a. n.a.
16 6-month n.a. n.a. n.a.
Certificates of deposit, secondary
market(3,10)
17 1-month 6.57 6.57 6.55
18 3-month 6.66 6.66 6.61
19 6-month 6.83 6.83 6.75
20 Eurodollar deposits, 3-month(3,11) 6.66 6.65 6.60
U.S. Treasury bills
Secondary market(3,5)
21 3-month 6.01 6.05 6.08
22 6-month 6.02 6.07 6.05
23 1-year 5.73 5.78 5.85
Auction high(3,5,12)
24 3-month n.a. n.a. n.a.
25 6-month n.a. n.a. n.a.
26 1-year n.a. n.a. n.a.
U.S. TREASURY NOTES AND BONDS
Constant maturities(13)
27 1-year 6.06 6.09 6.17
28 2-year 6.31 6.23 6.19
29 3-year 6.25 6.18 6.15
30 5-year 6.16 6.09 6.04
31 7-year 6.19 6.11 6.04
32 10-year 6.04 5.98 5.85
33 20-year 6.13 6.08 6.03
34 30-year 5.80 5.75 5.72
Composite
35 More than 10 years (long-term) n.a. n.a. n.a.
STATE AND LOCAL NOTES AND BONDS
Moody's series(14)
36 Aaa 5.50 5.47 5.45
37 Baa 6.03 6.01 6.01
38 Bond Buyer series(15) 5.58 5.55 5.51
CORPORATE BONDS
39 Seasoned issues, all industries(16) 7.93 7.89 7.87
Rating group
40 Aaa 7.60 7.57 7.54
41 Aa 7.75 7.72 7.69
42 A 8.05 8.01 8.00
43 Baa 8.29 8.27 8.24
MEMO
Dividend-price ratio(17)
44 Common stocks 1.11 1.11 1.10
2000, week ending
Item
Aug. 18 Aug. 25
MONEY MARKET INSTRUMENTS
1 Federal funds(1,2,3) 6.53 6.46
2 Discount window borrowing(2,4) 6.00 6.00
Commercial paper(3,5,6)
Nonfinancial
3 1-month 6.47 6.47
4 2-month 6.47 6.47
5 3-month 6.48 6.48
Financial
6 1-month 6.49 6.48
7 2-month 6.49 6.48
8 3-month 6.49 6.49
Commercial paper (historical)(3,5,7)
9 1-month n.a. n.a.
10 3-month n.a. n.a.
11 6-month n.a. n.a.
Finance paper, directly placed
(historical)(3,5,8)
12 1-month n.a. n.a.
13 3-month n.a. n.a.
14 6-month n.a. n.a.
Bankers acceptances(3,5,9)
15 3-month n.a. n.a.
16 6-month n.a. n.a.
Certificates of deposit, secondary
market(3,10)
17 1-month 6.55 6.55
18 3-month 6.61 6.60
19 6-month 6.75 6.74
20 Eurodollar deposits, 3-month(3,11) 6.60 6.60
U.S. Treasury bills
Secondary market(3,5)
21 3-month 6.09 6.11
22 6-month 6.07 6.08
23 1-year 5.89 5.89
Auction high(3,5,12)
24 3-month n.a. n.a.
25 6-month n.a. n.a.
26 1-year n.a. n.a.
U.S. TREASURY NOTES AND BONDS
Constant maturities(13)
27 1-year 6.21 6.20
28 2-year 6.28 6.23
29 3-year 6.24 6.17
30 5-year 6.11 6.04
31 7-year 6.07 6.01
32 10-year 5.80 5.75
33 20-year 6.02 5.98
34 30-year 5.71 5.69
Composite
35 More than 10 years (long-term) n.a. n.a.
STATE AND LOCAL NOTES AND BONDS
Moody's series(14)
36 Aaa 5.44 5.39
37 Baa 6.02 6.00
38 Bond Buyer series(15) 5.51 5.49
CORPORATE BONDS
39 Seasoned issues, all industries(16) 7.88 7.88
Rating group
40 Aaa 7.54 7.54
41 Aa 7.70 7.69
42 A 8.02 8.02
43 Baa 8.25 8.25
MEMO
Dividend-price ratio(17)
44 Common stocks 1.09 1.07
NOTE. Some of the data in this table also appear in the Board's H.15
(519) weekly and G.13 (415) monthly statistical releases. For ordering
address, see inside front cover,
(1.) The daily effective federal funds rate is a weighted average of
rates on trades through New York brokers.
(2.) Weekly figures are averages of seven calendar days ending on
Wednesday of the current week; monthly figures include each calendar
day in the month.
(3.) Annualized using a 360-day year or bank interest.
(4.) Rate for the Federal Reserve Bank of New York.
(5.) Quoted on a discount basis.
(6.) Interest rates interpolated from data on certain commercial paper
trades settled by the Depository Trust Company. The trades represent
sales of commercial paper by dealers or direct issuers to investors
(that is, the offer side). See Board's Commercial Paper Web pages
(http://www.federalreserve.gov/releases/cp) for more information.
(7.) An average of offering rates on commercial paper for firms whose
bond rating is AA or the equivalent. Series ended August 29, 1997.
(8.) An average of offering rates on paper directly placed by finance
companies. Series ended August 29, 1997.
(9.) Representative closing yields for acceptances of the highest-rated
money center banks.
(10.) An average of dealer offering rates on nationally traded
certificates of deposit.
(11.) Bid rates for eurodollar deposits collected around 9:30 a.m.
Eastern time. Data are for indication purposes only.
(12.) Auction date for daily data; weekly and monthly averages computed
on an issue-date basis. On or after October 28, 1998, data are stop
yields from uniform-price auctions. Before that, they are weighted
average yields from multiple-price auctions.
(13.) Yields on actively traded issues adjusted to constant maturities.
Source: U.S. Department of the Treasury.
(14.) General obligation bonds based on Thursday figures; Moody's
Investors Service.
(15.) State and local government general obligation bonds maturing in
twenty years are used in compiling this index. The twenty-bond index
has a rating roughly equivalent to Moodys' Al rating. Based on Thursday
figures.
(16.) Daily figures from Moody's Investors Service, Based on yields to
maturity on selected long-term bonds.
(17.) Standard & Poor's corporate series. Common stock ratio is based
on the 500 stocks in the price index.
1.36 STOCK MARKET Selected Statistics
1999
Indicator 1997 1998 1999
Dec.
Prices and trading volume
(averages of daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange (Dec.
31, 1965 = 50) 456.99 550.65 619.52 638.17
2 Industrial 574.97 684.35 775.29 808.28
3 Transportation 415.08 468.61 491.62 461.04
4 Utility 143.87 190.52 284.82 511.78
5 Finance 424.84 516.65 530.97 541.99
6 Standard & Poor's
Corporation
(1941-43
= 10)(1) 873.43 1,085.50 1,327.33 1,428.68
7 American Stock
Exchange
(Aug. 31,
1973 = 50)(2) 628.34 682.69 770.90 838.24
Volume of trading
(thousands of
shares)
8 New York Stock
Exchange 523,254 666,534 799,554 884,141
9 American Stock
Exchange 24,390 28,870 32,629 41,076
Customer financing (millions of
dollars, end-of-period balances)
10 Margin credit at
broker-dealers(3) 1,361,600 1,685,820 2,130,152 228,530
Free credit balances
at brokers(4)
11 Margin accounts(5) 293,000 405,180 532,500 55,130
12 Cash accounts 517,030 633,725 757,345 79,070
Margin requirements (percent of
market value and effective date)(6)
Mar. 11, 1968 June 8, 1968
13 Margin stocks 70 80
14 Convertible bonds 50 60
15 Short sales 70 80
2000
Indicator
Jan. Feb. Mar. Apr.
Prices and trading volume
(averages of daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange (Dec.
31, 1965 = 50) 634.07 606.03 622.28 646.82
2 Industrial 814.73 767.08 790.35 822.76
3 Transportation 456.35 398.69 384.39 406.14
4 Utility 485.82 482.30 509.59 502.78
5 Finance 495.23 471.65 491.29 524.05
6 Standard & Poor's
Corporation
(1941-43
= 10)(1) 1,425.59 1,388.88 1,442.21 1,461.36
7 American Stock
Exchange
(Aug. 31,
1973 = 50)(2) 878.73 910.00 1,014.03 918.77
Volume of trading
(thousands of
shares)
8 New York Stock
Exchange 1,052,021 1,032,791 1,124,097 1,047,960
9 American Stock
Exchange 47,076 51,134 59,449 63,054
Customer financing (millions of
dollars, end-of-period balances)
10 Margin credit at
broker-dealers(3) 243,490 26,521 278,530 251,700
Free credit balances
at brokers(4)
11 Margin accounts(5) 57,800 56,470 65,020 65,930
12 Cash accounts 75,760 79,700 85,530 76,190
Margin requirements (percent of
market value and effective date)(6)
May 6, 1970 Dec. 6, 1971
13 Margin stocks 65 55
14 Convertible bonds 50 50
15 Short sales 65 55
2000
Indicator
May June July Aug.
Prices and trading volume
(averages of daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange (Dec.
31, 1965 = 50) 640.07 649.61 653.27 666.14
2 Industrial 814.75 819.54 825.28 837.23
3 Transportation 411.50 395.09 410.67 419.84
4 Utility 487.17 501.93 484.19 459.91
5 Finance 523.22 544.51 556.32 597.17
6 Standard & Poor's
Corporation
(1941-43
= 10)(1) 1,418.48 1,461.96 1,473.00 1,485.46
7 American Stock
Exchange
(Aug. 31,
1973 = 50)(2) 917.76 934.90 930.66 920.54
Volume of trading
(thousands of
shares)
8 New York Stock
Exchange 893,896 971,137 941,694 875,087
9 American Stock
Exchange 44,146 42,490 36,486 35,695
Customer financing (millions of
dollars, end-of-period balances)
10 Margin credit at
broker-dealers(3) 240,660 247,200 244,970 247,560
Free credit balances
at brokers(4)
11 Margin accounts(5) 66,170 64,970 71,730 68,020
12 Cash accounts 73,500 74,140 74,970 72,640
Margin requirements (percent of
market value and effective date)(6)
Nov. 24, 1972 Jan. 3, 1974
13 Margin stocks 65 50
14 Convertible bonds 50 50
15 Short sales 65 50
(1.) In July 1976 a financial group, composed of banks and insurance
companies, was added to the group of stocks on which the index is
based. The index is now based on 400 industrial stocks (formerly 425),
20 transportation (formerly 15 rail), 40 public utility (formerly 60),
and 40 financial.
(2.) On July 5, 1983, the American Stock Exchange rebased its index,
effectively cutting previous readings in half.
(3.) Since July 1983, under the revised Regulation T, margin credit at
broker-dealers has included credit extended against stocks, convertible
bonds, stocks acquired through the exercise of subscription fights,
corporate bonds, and government securities. Separate reporting of data
for margin stocks, convertible bonds, and subscription issues was
discontinued in April 1984.
(4.) Free credit balances are amounts in accounts with no unfulfilled
commitments to brokers and are subject to withdrawal by customers on
demand.
(5.) Series initiated in June 1984.
(6.) Margin requirements, stated in regulations adopted by the Board of
Governors pursuant to the Securities Exchange Act of 1934, limit the
amount of credit that can be used to purchase and carry "margin
securities" (as defined in the regulations) when such credit is
collateralized by securities. Margin requirements on securities are the
difference between the market value (100 percent) and the maximum loan
value of collateral as prescribed by the Board. Regulation T was
adopted effective Oct. 15, 1934; Regulation U, effective May 1, 1936;
Regulation G, effective Mar. 11, 1968; and Regulation X, effective
Nov. 1, 1971.
On Jan. 1, 1977, the Board of Governors for the first time established
in Regulation T the initial margin required lot writing options on
securities, setting it at 30 percent of the current market value of the
stock underlying the option. On Sept. 30, 1985, the Board changed the
required initial margin, allowing it to be the same as the option
maintenance margin required by the appropriate exchange or
self-regulatory organization; such maintenance margin roles must be
approved by the Securities and Exchange Commission.
1.38 FEDERAL FISCAL AND FINANCING OPERATIONS
Millions of dollars
Fiscal year
Type of account or operation
1997 1998 1999
U.S. budget(1)
1 Receipts, total 1,579,292 1,721,798 1,827,454
2 On-budget 1,187,302 1,305,999 1,382,986
3 Off-budget 391,990 415,799 444,468
4 Outlays, total 1,601,235 1,652,552 1,702,940
5 On-budget 1,290,609 1,335,948 1,382,262
6 Off-budget 310,626 316,604 320,778
7 Surplus or deficit (-), total -21,943 69,246 124,414
8 On-budget -103,307 -29,949 724
9 Off-budget 81,364 99,195 123,690
Source of financing (total)
10 Borrowing from the public 38,171 -51,211 -88,674
11 Operating cash (decrease, or
increase (-)) 604 4,743 -17,580
12 Other -16,832 -22,778 -18,160
MEMO
13 Treasury operating balance
(level, end of period) 43,621 38,878 56,458
14 Federal Reserve Banks 7,692 4,952 6,641
15 Tax and loan accounts 35,930 33,926 49,817
Calendar year
Type of account or operation 2000
Mar. Apr. May
U.S. budget(1)
1 Receipts, total 135,582 295,148 146,002
2 On-budget 94,586 244,662 107,469
3 Off-budget 40,996 50,486 38,533
4 Outlays, total 170,962 135,651 149,612
5 On-budget 137,864 105,742 114,829
6 Off-budget 33,099 29,909 34,783
7 Surplus or deficit (-), total -35,380 159,497 -3,611
8 On-budget -43,278 138,920 -7,360
9 Off-budget 7,897 20,577 3,750
Source of financing (total)
10 Borrowing from the public 39,746 -112,667 -53,755
11 Operating cash (decrease, or
increase (-)) -22,808 -47,787 69,470
12 Other 18,442 957 -12,104
MEMO
13 Treasury operating balance
(level, end of period) 44,770 92,557 23,087
14 Federal Reserve Banks 4,357 15,868 5,445
15 Tax and loan accounts 40,413 76,689 17,642
Calendar year
Type of account or operation 2000
June July Aug.
U.S. budget(1)
1 Receipts, total 214,875 134,074 138,128
2 On-budget 168,319 97,681 101,429
3 Off-budget 46,556 36,393 36,699
4 Outlays, total 158,987 129,013 148,555
5 On-budget 152,308 99,404 115,539
6 Off-budget 6,679 29,609 33,016
7 Surplus or deficit (-), total 55,888 5,061 -10,427
8 On-budget 16,011 -1,723 -14,110
9 Off-budget 39,877 6,784 3,683
Source of financing (total)
10 Borrowing from the public -23,131 -31,307 9,995
11 Operating cash (decrease, or
increase (-)) -34,350 23,384 20,873
12 Other 1,593 2,862 -20,441
MEMO
13 Treasury operating balance
(level, end of period) 57,437 34,053 13,180
14 Federal Reserve Banks 6,208 5,392 5,961
15 Tax and loan accounts 51,229 28,661 7,218
(1.) Since 1990, off-budget items have been the social security trust
funds (Federal Old-Age, Survivors, and Disability Insurance) and the
U.S. Postal Service.
(2.) Includes special drawing rights (SDRs); reserve position on the
U.S. quota in the International Monetary Fund (IMF); loans to the IMF;
other cash and monetary assets; accrued interest payable to the public;
allocations of SDRs; deposit funds; miscellaneous liability (including
checks outstanding) and asset accounts; seigniorage; increment on gold;
net gain or loss for U.S. currency valuation adjustment; net gain or
loss for IMF loan-valuation adjustment; and profit on sale of gold.
SOURCE. Monthly totals: U.S. Department of the Treasury, Monthly
Treasury Statement of Receipts and Outlays of the US. Government;
fiscal year totals: U.S. Office of Management and Budget, Budget of the
U.S. Government.
1.39 U.S. BUDGET RECEIPTS AND OUTLAYS(1)
Millions of dollars
Fiscal year Calendar
year
Source or type 1998
1998 1999
H2
RECEIPTS
1 All sources 1,721,798 1,827,454 825,057
2 Individual income taxes, net 828,586 879,480 392,332
3 Withheld 646,483 693,940 339,144
4 Nonwithheld 281,527 308,185 65,204
5 Refunds 99,476 122,706 12,032
Corporation income taxes
6 Gross receipts 213,008 216,324 104,163
7 Refunds 24,593 31,645 14,250
8 Social insurance taxes and
contributions, net 571,831 611,833 268,466
9 Employment taxes and
contributions(2) 540,014 580,880 256,142
10 Unemployment insurance 27,484 26,480 10,121
11 Other net receipts(3) 4,333 4,473 2,202
12 Excise taxes 57,673 70,414 33,366
13 Customs deposits 18,297 18,336 9,838
14 Estate and gift taxes 24,076 27,782 12,359
15 Miscellaneous receipts(4) 32,658 34,929 18,735
OUTLAYS
16 All types 1,652,552 1,702,940 877,414
17 National defense 268,456 274,873 140,196
18 International affairs 13,109 15,243 8,297
19 General science, space, and
technology 18,219 18,125 10,142
20 Energy 1,270 912 699
21 Natural resources and
environment 22,396 23,970 12,671
22 Agriculture 12,206 23,011 16,757
23 Commerce and housing credit 1,014 2,649 4,046
24 Transportation 40,332 42,531 20,836
25 Community and regional
development 9,720 11,870 6,972
26 Education, training, employment,
and social services 54,919 56,402 27,762
27 Health 131,440 141,079 67,838
28 Social security and Medicare 572,047 580,488 316,809
29 Income security 233,202 237,707 109,481
30 Veterans benefits and services 41,781 43,212 22,750
31 Administration of justice 22,832 25,924 12,041
32 General government 13,444 15,771 9,136
33 Net interest(5) 243,359 229,735 116,954
34 Undistributed offsetting
receipts(6) -47,194 -40,445 -25,793
Calendar year
Source or type 1999 2000
H1 H2 H1
RECEIPTS
1 All sources 966,045 892,266 1,089,760
2 Individual income taxes, net 481,907 425,451 550,208
3 Withheld 351,068 372,012 388,526
4 Nonwithheld 240,278 68,302 281,103
5 Refunds 109,467 14,841 119,477
Corporation income taxes
6 Gross receipts 106,861 110,111 119,166
7 Refunds 17,092 13,996 13,781
8 Social insurance taxes and
contributions, net 324,831 292,551 353,514
9 Employment taxes and
contributions(2) 306,235 280,059 333,584
10 Unemployment insurance 16,378 10,173 17,562
11 Other net receipts(3) 2,216 2,319 2,368
12 Excise taxes 31,015 34,262 33,532
13 Customs deposits 8,440 10,287 9,218
14 Estate and gift taxes 14,915 14,001 15,073
15 Miscellaneous receipts(4) 15,140 19,569 22,831
OUTLAYS
16 All types 817,227 882,795 892,947
17 National defense 134,414 149,820 143,476
18 International affairs 6,879 8,530 7,250
19 General science, space, and
technology 9,319 10,089 9,601
20 Energy 797 -90 -893
21 Natural resources and
environment 10,351 12,100 10,814
22 Agriculture 9,803 20,887 11,164
23 Commerce and housing credit -1,629 7,353 -2,497
24 Transportation 17,082 22,972 21,054
25 Community and regional
development 5,368 7,135 5,050
26 Education, training, employment,
and social services 29,003 27,532 31,234
27 Health 69,320 74,490 75,871
28 Social security and Medicare 261,146 295,030 306,966
29 Income security 126,552 113,504 133,915
30 Veterans benefits and services 20,105 23,412 23,174
31 Administration of justice 13,149 13,459 13,981
32 General government 6,641 7,006 6,198
33 Net interest(5) 116,655 112,420 115,545
34 Undistributed offsetting
receipts(6) -17,724 -22,850 -19,346
Calendar year
Source or type 2000
June July Aug.
RECEIPTS
1 All sources 214,875 134,074 138,128
2 Individual income taxes, net 100,458 66,301 68,033
3 Withheld 59,516 64,474 62,057
4 Nonwithheld 44,161 4,066 7,850
5 Refunds 3,228 2,241 1,874
Corporation income taxes
6 Gross receipts 41,899 6,605 6,577
7 Refunds 1,366 1,592 1,903
8 Social insurance taxes and
contributions, net 60,771 49,650 52,082
9 Employment taxes and
contributions(2) 60,034 47,136 48,132
10 Unemployment insurance 311 2,145 3,584
11 Other net receipts(3) 426 369 366
12 Excise taxes 6,093 6,022 5,580
13 Customs deposits 1,767 1,781 2,071
14 Estate and gift taxes 2,087 1,872 2,304
15 Miscellaneous receipts(4) 3,165 3.44 3,383
OUTLAYS
16 All types 158,987 129,013(r) 148,555
17 National defense 29,637 19,542 24,767
18 International affairs 667 3,067 -667
19 General science, space, and
technology 1,862 1,524 1,829
20 Energy 20 42 -223
21 Natural resources and
environment 2,123 1,783 2,267
22 Agriculture 1,656 496 1,449
23 Commerce and housing credit -1,237 423 -1,295
24 Transportation 4,224 3,781 4,866
25 Community and regional
development 974 814 1,007
26 Education, training, employment,
and social services 4,766 3,874 5,576
27 Health 13,443 12,450 14,512
28 Social security and Medicare 58,378 47,415 52,206
29 Income security 18,886 15,343 18,521
30 Veterans benefits and services 5,268 1,910 3,700
31 Administration of justice 2,281 2,051 2,405
32 General government 1,517 960 906
33 Net interest(5) 17,503 17,660 20,004
34 Undistributed offsetting
receipts(6) -3,371 -3,818 -3,275
(1.) Functional details do not sum to total outlays for calendar year
data because revisions to monthly totals have not been distributed
among functions. Fiscal year total for receipts and outlays do not
correspond to calendar year data because revisions from the Budget have
not been fully distributed across months,
(2.) Old-age, disability, and hospital insurance, and railroad
retirement accounts.
(3.) Federal employee retirement contributions and civil service
retirement and disability fund.
(4.) Deposits of earnings by Federal Reserve Banks and other
miscellaneous receipts.
(5.) Includes interest received by trust funds.
(6.) Rents and royalties for the outer continental shelf, U.S.
government contributions for employee retirement, and certain asset
sales.
SOURCE. Fiscal year totals: U.S. Office of Management and Budget,
Budget of the U.S. Government, Fiscal Year 2001; monthly and half-year
totals: U.S. Department of the Treasury, Monthly Treasury Statement of
Receipts and Outlays of the US. Government.
1.40 FEDERAL DEBT SUBJECT TO STATUTORY LIMITATION
Billions of dollars, end of month
1998
Item
June 30 Sept. 30 Dec. 31
1 Federal debt outstanding 5,578 5,556 5,643
2 Public debt securities 5,548 5,526 5,614
3 Held by public 3,790 3,761 3,787
4 Held by agencies 1,758 1,766 1,827
5 Agency securities 30 29 29
6 Held by public 26 26 29
7 Held by agencies 4 4 1
8 Debt subject to
statutory limit 5,460 5,440 5,530
9 Public debt securities 5,460 5,439 5,530
10 Other debt(1) 0 0 0
MEMO
11 Statutory debt limit 5,950 5,950 5,950
1999
Item
Mar. 31 June 30 Sept. 30
1 Federal debt outstanding 5,681 5,668 5,685
2 Public debt securities 5,652 5,639 5,656
3 Held by public 3,795 3,685 3,667
4 Held by agencies 1,857 1,954 1,989
5 Agency securities 29 29 29
6 Held by public 28 28 28
7 Held by agencies 1 1 1
8 Debt subject to
statutory limit 5,566 5,552 5,568
9 Public debt securities 5,566 5,552 5,568
10 Other debt(1) 0 0 0
MEMO
11 Statutory debt limit 5,950 5,950 5,950
1999 2000
Item
Dec. 31 Mar. 31 June 30
1 Federal debt outstanding 5,805 5,802 5,714
2 Public debt securities 5,776 5,773 5,686
3 Held by public 3,716 3,688 n.a.
4 Held by agencies 2,061 2,085 n.a.
5 Agency securities 29 28 28
6 Held by public 28 28 n.a.
7 Held by agencies 1 0 n.a.
8 Debt subject to
statutory limit 5,687 5,687 5,601
9 Public debt securities 5,687 5,686 5,601
10 Other debt(1) 0 0 0
MEMO
11 Statutory debt limit 5,950 5,950 5,950
(1.) Consists of guaranteed debt of U.S. Treasury and other federal
agencies, specified participation certificates, notes to
international lending organizations, and District of Columbia
stadium bonds.
SOURCE. U.S. Department of the Treasury, Monthly Statement of
the Public Debt of the United States and Treasury Bulletin.
1.41 GROSS PUBLIC DEBT OF U.S. TREASURY Types and Ownership
Billions of dollars, end of period
Type and holder 1996 1997 1998
1 Total gross public debt 5,323.2 5,502.4 5,614.2
By type
2 Interest-bearing 5,317.2 5,494.9 5,605.4
3 Marketable 3,459.7 3,456.8 3,355.5
4 Bills 777.4 715.4 691.0
5 Notes 2,112.3 2,106.1 1,960.7
6 Bonds 555.0 587.3 621.2
7 Inflation-indexed notes and bonds n.a. 33.0 67.6
8 Nonmarketable(2) 1,857.5 2,038.1 2,249.9
9 State and local government series 101.3 124.1 165.3
10 Foreign issues(3) 37.4 36.2 34.3
11 Government 47.4 36.2 34.3
12 Public .0 .0 .0
13 Savings bonds and notes(4) 182.4 181.2 180.3
14 Government account series 1,505.9 1,666.7 1,840.0
15 Non-interest-bearing 6.0 7.5 8.8
By holder(5)
16 U.S. Treasury and other federal
agencies and trust funds 1,497.2 1,655.7 1,826.8
17 Federal Reserve Banks 410.9 451.9 471.7
18 Private investors 3,431.2 3,414.6 3,334.0
19 Depository institutions 296.6 300.3 237.3
20 Mutual funds 315.8 321.5 343.2
21 Insurance companies 214.1 176.6 144.5
22 State and local treasures(6) 257.0 239.3 269.3
Individuals
23 Savings bonds 187.0 186.5 186.7
24 Pension funds 392.7 421.0 434.7
25 Private 189.2 204.1 218.1
26 State and Local 203.5 216.9 216.6
27 Foreign and international(7) 1,102.1 1,241.6 1,278.7
28 Other miscellaneous investors(6,8) 665.9 527.9 438.5
1999
Type and holder 1999
Q3 Q4
1 Total gross public debt 5,776.1 5,656.3 5,776.1
By type
2 Interest-bearing 5,766.1 5,647.2 5,766.1
3 Marketable 3,281.0 3,233.0 3,281.0
4 Bills 737.1 653.2 737.1
5 Notes 1,784.5 1,828.8 1,784.5
6 Bonds 643.7 643.7 643.7
7 Inflation-indexed notes and bonds 100.7 92.4 100.7
8 Nonmarketable(2) 2,485.1 2,414.2 2,485.1
9 State and local government series 165.7 168.1 165.7
10 Foreign issues(3) 31.3 31.0 31.3
11 Government 31.3 31.0 31.3
12 Public .0 .0 .0
13 Savings bonds and notes(4) 179.4 180.0 179.4
14 Government account series 2,078.7 2,005.2 2,078.7
15 Non-interest-bearing 10.0 9.0 10.0
By holder(5)
16 U.S. Treasury and other federal
agencies and trust funds 2,060.6 1,989.1 2,060.6
17 Federal Reserve Banks 477.7 496.5 477.7
18 Private investors 3,233.9 3,175.4 3,233.9
19 Depository institutions 246.3 239.9 246.3
20 Mutual funds 349.5 338.1 349.5
21 Insurance companies 140.0 141.6 140.0
22 State and local treasures(6) 266.8 271.6 266.8
Individuals
23 Savings bonds 186.5 186.3 186.5
24 Pension funds 445.5 444.8 445.5
25 Private 234.5 228.3 234.5
26 State and Local 211.0 216.5 211.0
27 Foreign and international(7) 1,268.8 1,281.3 1,268.8
28 Other miscellaneous investors(6,8) 330.5 271.7 330.5
2000
Type and holder
Q1 Q2
1 Total gross public debt 5,773.4 5,685.9
By type
2 Interest-bearing 5,763.8 5,675.9
3 Marketable 3,261.2 3,070.7
4 Bills 753.3 629.9
5 Notes 1,732.6 1,679.1
6 Bonds 653.0 637.7
7 Inflation-indexed notes and bonds 107.4 109.0
8 Nonmarketable(2) 2,502.6 2,605.2
9 State and local government series 161.9 160.4
10 Foreign issues(3) 28.8 27.7
11 Government 28.8 27.7
12 Public .0 .0
13 Savings bonds and notes(4) 178.6 177.7
14 Government account series 2,103.3 2,209.4
15 Non-interest-bearing 9.6 10.1
By holder(5)
16 U.S. Treasury and other federal
agencies and trust funds 2,085.4 2,190.2
17 Federal Reserve Banks 501.7 505.0
18 Private investors 3,182.8 2,987.4
19 Depository institutions 234.9 n.a.
20 Mutual funds 343.7 n.a.
21 Insurance companies 138.7 n.a.
22 State and local treasures(6) 257.2 n.a.
Individuals
23 Savings bonds 185.3 184.7
24 Pension funds 432.3 n.a.
25 Private 230.8 n.a.
26 State and Local 201.5 n.a.
27 Foreign and international(7) 1,274.0 1,248.9
28 Other miscellaneous investors(6,8) 316.7 n.a.
(1.) The U.S. Treasury first issued inflation-indexed securities
during the first quarter of 1997.
(2.) Includes (not shown separately) securities issued to the
Rural Electrification Administration, depository bonds, retirement
plan bonds, and individual retirement bonds.
(3.) Nonmarketable series denominated in dollars, and series
denominated in foreign currency held by foreigners.
(4.) Held almost entirely by U.S. Treasury and other federal
agencies and trust funds.
(5.) Data for Federal Reserve Banks and U.S. government agencies
and trust funds are actual holdings; data for other groups are
Treasury estimates.
(6.) In March 1996, in a redefinition of series, fully defeased
debt backed by nonmarketable federal securities was removed from
"Other miscellaneous investors" and added to "State and
local treasuries." The data shown here have been revised accordingly.
(7.) Includes nonmarketable foreign series treasury securities and
treasury deposit funds. Excludes treasury securities held under
repurchase agreements in custody accounts at the Federal Reserve
Bank of New York.
(8.) Includes individuals, government-sponsored enterprises,
brokers and dealers, bank personal trusts and estates, corporate
and noncorporate businesses, and other investors.
SOURCE. U.S. Treasury Department, data by type of security,
Monthly Statement of the Public Debt of the United States;
data by holder, Treasury Bulletin.
1.42 U.S. GOVERNMENT SECURITIES DEALERS Transactions(1)
Millions of dollars, daily averages
2000
Item
May June July
OUTRIGHT TRANSACTIONS(2)
By the of security
1 U.S. Treasury bills 23,171 20,474 16,467
Coupon securities, by maturity
2 Five years or less 116,145 102,265 96,709
3 More than five years 58,444 64,492 57,055
4 Inflation-indexed 837 955 1,261
Federal agency
5 Discount notes 66,305 49,638 53,649
Coupon securities, by maturity
6 One year or less 1,046 864 1,299
7 More than one year, but less than
or equal to five years 8,626 7,304 7,939
8 More than five years 6,923 9,031 9,286
9 Mortgage-backed 61,536 64,884 68,080
By type of counterparty(1)
With interdealer broker
10 U.S. Treasury 98,961 92,504 81,757
11 Federal agency 8,007 8,398 7,497
12 Mortgage-backed 24,010 24,768 22,785
With other
13 U.S. Treasury 99,635 95,682 89,735
14 Federal agency 74,892 58,438 64,677
15 Mortgage-backed 37,525 40,116 45,294
FUTURES TRANSACTIONS(3)
By the of deliverable security
16 U.S. Treasury bills 0 0 0
Coupon securities, by maturity
17 Five years or less 4,870 3,549 2,571
18 More than five years 14,727 13,282 8,991
19 Inflation-indexed 0 0 0
Federal agency
20 Discount notes 0 0 0
Coupon securities, by maturity
21 One year or less 0 0 0
22 More than one year, but less than
or equal to five years 0 0 0
23 More than five years 98 245 51
24 Mortgage-backed 0 0 0
OPTIONS TRANSACTIONS(4)
By type of underlying security
25 U.S. Treasury bills 0 0 0
Coupon securities, by maturity
26 Five years or less 1,967 1,398 1,214
27 More than five years 4,460 3,185 2,634
28 Inflation-indexed 0 0 0
Federal agency
29 Discount notes 0 0 0
Coupon securities, by maturity
30 One year or less 0 0 0
31 More than one year, but less than
or equal to five years 0 0 12
32 More than five years 0 20 3
33 Mortgage-backed 1,078 1,306 898
2000, week ending
Item
July 5 July 12 July 19
OUTRIGHT TRANSACTIONS(2)
By the of security
1 U.S. Treasury bills 19,729 15,829 15,986
Coupon securities, by maturity
2 Five years or less 95,280 104,977 95,874
3 More than five years 53,472 55,910 56,204
4 Inflation-indexed 851 2,586 743
Federal agency
5 Discount notes 59,195 55,141 58,519
Coupon securities, by maturity
6 One year or less 637 1,910 1,099
7 More than one year, but less than
or equal to five years 7,381 9,802 7,806
8 More than five years 10,544 11,132 7,477
9 Mortgage-backed 30,534 114,891 78,571
By type of counterparty(1)
With interdealer broker
10 U.S. Treasury 76,860 86,657 85,622
11 Federal agency 7,720 8,267 7,515
12 Mortgage-backed 14,738 32,479 23,708
With other
13 U.S. Treasury 92,472 92,646 83,186
14 Federal agency 70,037 69,718 67,387
15 Mortgage-backed 15,796 82,412 54,863
FUTURES TRANSACTIONS(3)
By the of deliverable security
16 U.S. Treasury bills 0 n.a. n.a.
Coupon securities, by maturity
17 Five years or less 2,939 2,695 2,818
18 More than five years 9,685 7,963 8,976
19 Inflation-indexed 0 0 0
Federal agency
20 Discount notes 0 0 0
Coupon securities, by maturity
21 One year or less 0 0 0
22 More than one year, but less than
or equal to five years 0 0 0
23 More than five years 161 53 43
24 Mortgage-backed 0 0 0
OPTIONS TRANSACTIONS(4)
By type of underlying security
25 U.S. Treasury bills 0 0 0
Coupon securities, by maturity
26 Five years or less 1,012 1,478 1,308
27 More than five years 2,077 2,606 3,068
28 Inflation-indexed 0 0 0
Federal agency
29 Discount notes 0 0 0
Coupon securities, by maturity
30 One year or less 0 0 0
31 More than one year, but less than
or equal to five years 0 0 0
32 More than five years 14 n.a. n.a.
33 Mortgage-backed 889 942 494
2000, week ending
Item
July 26 Aug. 2 Aug. 9
OUTRIGHT TRANSACTIONS(2)
By the of security
1 U.S. Treasury bills 14,835 18,878 14,037
Coupon securities, by maturity
2 Five years or less 92,287 92,640 94,852
3 More than five years 57,284 62,388 76,071
4 Inflation-indexed 790 974 1,553
Federal agency
5 Discount notes 47 49,882 48,162
Coupon securities, by maturity
6 One year or less 1,368 939 1,086
7 More than one year, but less than
or equal to five years 5,838 8,927 11,721
8 More than five years 6,853 12,443 7,651
9 Mortgage-backed 37,100 49,239 78,965
By type of counterparty(1)
With interdealer broker
10 U.S. Treasury 76,595 79,015 92,325
11 Federal agency 6,730 7,312 9,255
12 Mortgage-backed 17,862 18,662 28,771
With other
13 U.S. Treasury 88,601 95,865 94,187
14 Federal agency 55 64,879 59,364
15 Mortgage-backed 19,237 30,577 50,194
FUTURES TRANSACTIONS(3)
By the of deliverable security
16 U.S. Treasury bills n.a. n.a. n.a.
Coupon securities, by maturity
17 Five years or less 2,268 2,212 2,387
18 More than five years 8,978 10,291 10,456
19 Inflation-indexed 0 0 0
Federal agency
20 Discount notes 0 0 0
Coupon securities, by maturity
21 One year or less 0 0 0
22 More than one year, but less than
or equal to five years 0 0 0
23 More than five years 27 29 130
24 Mortgage-backed 0 0 0
OPTIONS TRANSACTIONS(4)
By type of underlying security
25 U.S. Treasury bills 0 0 0
Coupon securities, by maturity
26 Five years or less 1,032 1,057 991
27 More than five years 2,455 2,627 3,389
28 Inflation-indexed 0 0 0
Federal agency
29 Discount notes 0 0 0
Coupon securities, by maturity
30 One year or less 0 0 0
31 More than one year, but less than
or equal to five years 0 52 0
32 More than five years 0 0 n.a.
33 Mortgage-backed 1,078 1,206 2,527
2000, week ending
Item
Aug. 16 Aug. 23 Aug. 30
OUTRIGHT TRANSACTIONS(2)
By the of security
1 U.S. Treasury bills 26,057 17,685 27,255
Coupon securities, by maturity
2 Five years or less 85,623 78,770 75,257
3 More than five years 72,768 49,068 53,359
4 Inflation-indexed 730 1,144 1,219
Federal agency
5 Discount notes 52,526 56,654 58,435
Coupon securities, by maturity
6 One year or less 1,290 1,397 1,710
7 More than one year, but less than
or equal to five years 8,571 8,420 7,163
8 More than five years 5,969 6,852 5,534
9 Mortgage-backed 114,415 47,010 37,770
By type of counterparty(1)
With interdealer broker
10 U.S. Treasury 88,900 70,397 74,830
11 Federal agency 7,947 9,018 6,690
12 Mortgage-backed 39,793 20,486 16,444
With other
13 U.S. Treasury 96,279 76,270 82,260
14 Federal agency 60,409 64,305 66,152
15 Mortgage-backed 74,622 26,524 21,327
FUTURES TRANSACTIONS(3)
By the of deliverable security
16 U.S. Treasury bills n.a. n.a. n.a.
Coupon securities, by maturity
17 Five years or less 2,930 3,715 5,025
18 More than five years 11,118 10,149 12,228
19 Inflation-indexed 0 0 0
Federal agency
20 Discount notes 0 0 0
Coupon securities, by maturity
21 One year or less 0 0 0
22 More than one year, but less than
or equal to five years 0 0 0
23 More than five years 83 118 150
24 Mortgage-backed 0 0 0
OPTIONS TRANSACTIONS(4)
By type of underlying security
25 U.S. Treasury bills 0 0 0
Coupon securities, by maturity
26 Five years or less 1,000 1,505 1,201
27 More than five years 2,656 2,981 2,313
28 Inflation-indexed 0 0 0
Federal agency
29 Discount notes 0 0 0
Coupon securities, by maturity
30 One year or less 0 0 0
31 More than one year, but less than
or equal to five years 0 0 61
32 More than five years n.a. 0 n.a.
33 Mortgage-backed 817 650 581
(1.) Transactions are market purchases and sales of securities as
reported to the Federal Reserve Bank of New York by the U.S. government
securities dealers on its published list of primary dealers. Monthly
averages are based on the number of trading days in the month.
Transactions are assumed to be evenly distributed among the trading
days of the report week. Immediate, forward, and futures transactions
are reported at principal value, which does not include accrued
interest; options transactions are reported at the face value of the
underlying securities.
Dealers report cumulative transactions for each week ending Wednesday.
(2.) Outright transactions include immediate and forward transactions.
Immediate delivery refers to purchases or sales of securities (other
than mortgage-backed federal agency securities) for which delivery is
scheduled in five business days or less and "when-issued" securities
that settle on the issue date of offering. Transactions for immediate
delivery of mortgage-backed agency securities include purchases and
sales for which delivery is scheduled in thirty business days or less.
Stripped securities are reported at market value by maturity of coupon
or corpus.
Forward transactions are agreements made in the over-the-counter market
that specify delayed delivery. Forward contracts for U.S. Treasury
securities and federal agency debt securities are included when the
time to delivery is more than five business days. Forward contracts for
mortgage-backed agency securities are included when the time to
delivery is more than thirty business days.
(3.) Futures transactions are standardized agreements arranged on an
exchange. All futures transactions are included regardless of time to
delivery.
(4.) Options transactions are purchases or sales of put and call
options, whether arranged on an organized exchange or in the
over-the-counter market, and include options on futures contracts on
U.S. Treasury and federal agency securities. NOTE. "n.a." indicates
that data are not published because of insufficient activity.
1.43 U.S. GOVERNMENT SECURITIES DEALERS
Millions of dollars
2000
Item
May June July
Positions(2)
NET OUTRIGHT POSITIONS(3)
By type of security
1 U.S. Treasury bills -5,764 3,514 3,951
Coupon securities, by maturity
2 Five years or less -42,941 -38,615 -31,279
3 More than five years -23,820 -21,306 -21,335
4 Inflation-indexed 1,849 1,668 2,564
Federal agency
5 Discount notes 27,258 32,775 35,531
Coupon securities, by maturity
6 One year or less 12,658 10,016 12,896
7 More than one year, but less than
or equal to five years 2,883 1,925 3,249
8 More than five years 2,084 899 1,268
9 Mortgage-backed 21,502 23,442 20,713
NET FUTURES POSITIONS(4)
By type of deliverable security
10 U.S. Treasury bills 0 0 0
Coupon securities, by maturity
11 Five years or less 17,318 12,969 14,350
12 More than five years 1,770 -165 71
13 Inflation-indexed 0 0 0
Federal agency
14 Discount notes 0 0 0
Coupon securities, by maturity
15 One year or less 0 0 0
16 More than one year, but less than
or equal to five years 0 0 0
17 More than five years -105 -740 -261
18 Mortgage-backed 0 0 0
NET OPTIONS POSITIONS
By type of deliverable security
19 U.S. Treasury bills 0 0 0
Coupon securities, by maturity
20 Five years or less 180 376 1,143
21 More than five years 2,496 400 1,699
22 Inflation-indexed 0 0 0
Federal agency
23 Discount notes 0 0 0
Coupon securities, by maturity
24 One year or less 0 0 0
25 More than one year, but less than
or equal to five years 309 194 233
26 More than five years 477 522 309
27 Mortgage-backed 769 929 2,236
Financing(5)
Reverse repurchase agreements
28 Overnight and continuing 308,541 294,802 282,999
29 Term 791,514 850,521 828,512
Securities borrowed
30 Overnight and continuing 304,544 292,038 299,289
31 Term 108,141 112,854 113,572
Securities received as pledge
32 Overnight and continuing 1,748 n.a. 2,454
33 Term n.a. n.a. n.a.
Repurchase agreements
34 Overnight and continuing 731,269 744,475 750,138
35 Term 671,847 746,986 736,488
Securities loaned
36 Overnight and continuing 8,409 7,698 7,433
37 Term 9,076 6,567 5,295
Securities pledged
38 Overnight and continuing 61,585 61,667 63,077
39 Term 5,403 4,249 4,358
Collateralized loans
40 Total 15,835 16,826 20,706
2000, week ending
Item
July 5 July 12 July 19
Positions(2)
NET OUTRIGHT POSITIONS(3)
By type of security
1 U.S. Treasury bills 3,215 6,900 5,288
Coupon securities, by maturity
2 Five years or less -31,591 -30,281 -33,718
3 More than five years -22,278 -19,462 -21,825
4 Inflation-indexed 1,754 2,748 2,741
Federal agency
5 Discount notes 33,800 32,327 37,165
Coupon securities, by maturity
6 One year or less 9,393 12,198 13,907
7 More than one year, but less than
or equal to five years 1,515 3,013 4,088
8 More than five years -653 976 1,618
9 Mortgage-backed 25,149 20,088 17,784
NET FUTURES POSITIONS(4)
By type of deliverable security
10 U.S. Treasury bills 0 n.a. n.a.
Coupon securities, by maturity
11 Five years or less 12,321 14,231 15,443
12 More than five years -277 -1,619 1,569
13 Inflation-indexed 0 0 0
Federal agency
14 Discount notes 0 0 0
Coupon securities, by maturity
15 One year or less 0 0 0
16 More than one year, but less than
or equal to five years 0 0 0
17 More than five years -244 -205 -303
18 Mortgage-backed 0 0 0
NET OPTIONS POSITIONS
By type of deliverable security
19 U.S. Treasury bills 0 0 0
Coupon securities, by maturity
20 Five years or less 1,247 1,896 697
21 More than five years 2,081 1,128 1,186
22 Inflation-indexed 0 0 0
Federal agency
23 Discount notes 0 0 0
Coupon securities, by maturity
24 One year or less 0 0 0
25 More than one year, but less than
or equal to five years n.a. n.a. n.a.
26 More than five years 129 422 144
27 Mortgage-backed 670 1,403 2,410
Financing(5)
Reverse repurchase agreements
28 Overnight and continuing 294,428 281,044 271,301
29 Term 745,067 791,805 838,997
Securities borrowed
30 Overnight and continuing 301,201 303,871 301,536
31 Term 107,146 110,267 116,920
Securities received as pledge
32 Overnight and continuing n.a. 2,468 2,376
33 Term n.a. n.a. n.a.
Repurchase agreements
34 Overnight and continuing 739,951 748,300 750,714
35 Term 660,759 701,653 754,442
Securities loaned
36 Overnight and continuing 7,068 6,638 7,372
37 Term 6,712 6,563 6,269
Securities pledged
38 Overnight and continuing 65,123 62,578 63,841
39 Term 3,791 4,312 4,533
Collateralized loans
40 Total 13,702 19,192 21,991
2000, week ending
Item
July 26 Aug. 2 Aug. 9
Positions(2)
NET OUTRIGHT POSITIONS(3)
By type of security
1 U.S. Treasury bills 3,304 -409 1,064
Coupon securities, by maturity
2 Five years or less -28,330 -33,081 -26,247
3 More than five years -20,700 -23,220 -22,566
4 Inflation-indexed 2,750 2,607 2,633
Federal agency
5 Discount notes 38,070 35,904 34,631
Coupon securities, by maturity
6 One year or less 14,244 14,075 13,084
7 More than one year, but less than
or equal to five years 3,034 4,441 3,631
8 More than five years 1,790 2,378 2,693
9 Mortgage-backed 21,582 20,035 20,354
NET FUTURES POSITIONS(4)
By type of deliverable security
10 U.S. Treasury bills n.a. n.a. n.a.
Coupon securities, by maturity
11 Five years or less 15,096 13,974 12,400
12 More than five years -411 1,362 54
13 Inflation-indexed 0 0 0
Federal agency
14 Discount notes 0 0 0
Coupon securities, by maturity
15 One year or less 0 0 0
16 More than one year, but less than
or equal to five years 0 0 0
17 More than five years -255 -309 -713
18 Mortgage-backed 0 0 0
NET OPTIONS POSITIONS
By type of deliverable security
19 U.S. Treasury bills 0 0 0
Coupon securities, by maturity
20 Five years or less 775 1,127 1,688
21 More than five years 1,940 2,498 1,218
22 Inflation-indexed 0 0 0
Federal agency
23 Discount notes 0 0 0
Coupon securities, by maturity
24 One year or less 0 0 0
25 More than one year, but less than
or equal to five years n.a. 233 237
26 More than five years 419 409 336
27 Mortgage-backed 2,833 3,886 4,008
Financing(5)
Reverse repurchase agreements
28 Overnight and continuing 283,640 289,789 282,395
29 Term 874,146 884,781 926,331
Securities borrowed
30 Overnight and continuing 294,787 294,119 289,814
31 Term 115,873 116,718 118,211
Securities received as pledge
32 Overnight and continuing 2,460 2,535 n.a.
33 Term n.a. n.a. n.a.
Repurchase agreements
34 Overnight and continuing 759,375 749,157 751,407
35 Term 775,958 780,594 834,622
Securities loaned
36 Overnight and continuing 7,994 8,214 8,153
37 Term 3,396 3,400 3,415
Securities pledged
38 Overnight and continuing 62,936 60,855 59,469
39 Term 4,537 4,493 4,576
Collateralized loans
40 Total 20,802 27,895 25,145
2000, week ending
Item
Aug. 16 Aug. 23
Positions(2)
NET OUTRIGHT POSITIONS(3)
By type of security
1 U.S. Treasury bills 2,938 3,184
Coupon securities, by maturity
2 Five years or less -33,122 -29,917
3 More than five years -18,402 -16,430
4 Inflation-indexed 2,784 2,926
Federal agency
5 Discount notes 34,206 26,436
Coupon securities, by maturity
6 One year or less 13,948 14,028
7 More than one year, but less than
or equal to five years 5,810 4,975
8 More than five years 1,113 842
9 Mortgage-backed 21,329 17,537
NET FUTURES POSITIONS(4)
By type of deliverable security
10 U.S. Treasury bills n.a. n.a.
Coupon securities, by maturity
11 Five years or less 13,275 10,909
12 More than five years 538 -1,969
13 Inflation-indexed 0 0
Federal agency
14 Discount notes 0 0
Coupon securities, by maturity
15 One year or less 0 0
16 More than one year, but less than
or equal to five years 0 0
17 More than five years -709 -523
18 Mortgage-backed 0 0
NET OPTIONS POSITIONS
By type of deliverable security
19 U.S. Treasury bills 0 0
Coupon securities, by maturity
20 Five years or less 1,484 1,868
21 More than five years 908 2,041
22 Inflation-indexed 0 0
Federal agency
23 Discount notes 0 0
Coupon securities, by maturity
24 One year or less 0 0
25 More than one year, but less than
or equal to five years 223 273
26 More than five years 327 0
27 Mortgage-backed 4,634 5,429
Financing(5)
Reverse repurchase agreements
28 Overnight and continuing 303,063 278,813
29 Term 692,080 732,843
Securities borrowed
30 Overnight and continuing 285,773 287,751
31 Term 112,955 110,811
Securities received as pledge
32 Overnight and continuing 2,374 2,561
33 Term n.a. n.a.
Repurchase agreements
34 Overnight and continuing 786,525 735,461
35 Term 594,522 636,948
Securities loaned
36 Overnight and continuing 8,060 7,237
37 Term 3,734 3,725
Securities pledged
38 Overnight and continuing 60,006 61,715
39 Term 4,086 4,031
Collateralized loans
40 Total 20,826 26,452
(1.) Data for positions and financing are obtained from reports
submitted to the Federal Reserve Bank of New York
by the U.S. government securities dealers on its
published list of primary dealers. Weekly figures are
close-of-business Wednesday data. Positions for calendar
days of the report week are assumed to be constant. Monthly averages
are based on the number of calendar days in the month.
(2.) Securities positions are reported at market value.
(3.) Net outright positions include immediate and forward positions.
Net immediate positions include securities purchased or sold (other
than mortgage-backed agency securities) that have been delivered or are
scheduled to be delivered in five business days or less and
"when-issued" securities that settle on the issue date of offering. Net
immediate positions for mortgage-backed agency securities include
securities purchased or sold that have been delivered or are scheduled
to be delivered in thirty business days or less. Forward positions
reflect agreements made in the over-the-counter market that specify
delayed delivery. Forward contracts for U.S. Treasury securities and
federal agency debt securities are included when the
time to delivery is more than five business days. Forward
contracts for mortgage-backed agency securities
are included when the time to delivery is more than thirty business
days.
(4.) Futures positions reflect standardized agreements arranged on
an exchange. All futures positions are included regardless of time to
delivery.
(5.) Overnight financing refers to agreements made on one
business day that mature on the next business day; continuing contracts
are agreements that remain in effect for more than one business day but
have no specific maturity and can be terminated without advance notice
by either party; term agreements have a fixed maturity of more than one
business day. Financing data are reported in terms of actual funds paid
or received, including accrued interest.
NOTE. "n.a." indicates that data are not published because of
insufficient activity.
1.44 FEDERAL AND FEDERALLY SPONSORED CREDIT AGENCIES Debt Outstanding
Millions of dollars, end of period
Agency 1996 1997 1998
1 Federal and federally
sponsored agencies 925,823 1,022,609 1,296,477
2 Federal agencies 29,380 27,792 26,502
3 Defense Department(1) 6 6 6
4 Export-Import Bank(2,3) 1,447 552 n.a.
5 Federal Housing
Administration(4) 84 102 205
6 Government National
Mortgage Association
certificates of
participation(5) n.a. n.a. n.a.
7 Postal Service(6) n.a. n.a. n.a.
8 Tennessee Valley Authority 27,853 27,786 26,496
9 United States Railway
Association(6) n.a. n.a. n.a.
10 Federally sponsored
agencies(7) 896,443 994,817 1,269,975
11 Federal Home Loan Banks 263,404 313,919 382,131
12 Federal Home Loan Mortgage
Corporation 156,980 169,200 287,396
13 Federal National Mortgage
Association 331,270 369,774 460,291
14 Farm Credit Banks(8) 60,053 63,517 63,488
15 Student Loan Marketing
Association(9) 44,763 37,717 35,399
16 Financing Corporation(10) 8,170 8,170 8,170
17 Farm Credit Financial
Assistance
Corporation(11) 1,261 1,261 1,261
18 Resolution Funding
Corporation(12) 29,996 29,996 29,996
MEMO
19 Federal Financing Bank
debt(13) 58,172 49,090 44,129
Lending to federal and
federally sponsored
agencies
20 Export-Import Bank(3) 1,431 552 n.a.
21 Postal Service(6) n.a. n.a. n.a.
22 Student Loan Marketing
Association n.a. n.a. n.a.
23 Tennessee Valley Authority n.a. n.a. n.a.
24 United States Railway
Association(6) n.a. n.a. n.a.
Other lending(14)
25 Farmers Home Administration 18,325 13,530 9,500
26 Rural Electrification
Administration 16,702 14,898 14,091
27 Other 21,714 20,110 20,538
2000
Agency 1999
Feb. Mar.
1 Federal and federally
sponsored agencies 1,616,492 1,635,828 1,644,276
2 Federal agencies 26,376 26,168 26,231
3 Defense Department(1) 6 6 6
4 Export-Import Bank(2,3) n.a. n.a. n.a.
5 Federal Housing
Administration(4) 126 155 168
6 Government National
Mortgage Association
certificates of
participation(5) n.a. n.a. n.a.
7 Postal Service(6) n.a. n.a. n.a.
8 Tennessee Valley Authority 26,370 26,162 26,225
9 United States Railway
Association(6) n.a. n.a. n.a.
10 Federally sponsored
agencies(7) 1,590,116 1,609,660 1,618,045
11 Federal Home Loan Banks 529,005 527,835 535,284
12 Federal Home Loan Mortgage
Corporation 360,711 380,660 378,006
13 Federal National Mortgage
Association 547,619 547,100 557,543
14 Farm Credit Banks(8) 68,883 69,147 67,154
15 Student Loan Marketing
Association(9) 41,988 42,723 38,089
16 Financing Corporation(10) 8,170 8,170 8,170
17 Farm Credit Financial
Assistance
Corporation(11) 1,261 1,261 1,261
18 Resolution Funding
Corporation(12) 29,996 29,996 29,996
MEMO
19 Federal Financing Bank
debt(13) 42,152 40,182 39,306
Lending to federal and
federally sponsored
agencies
20 Export-Import Bank(3) n.a. n.a. n.a.
21 Postal Service(6) n.a. n.a. n.a.
22 Student Loan Marketing
Association n.a. n.a. n.a.
23 Tennessee Valley Authority n.a. n.a. n.a.
24 United States Railway
Association(6) n.a. n.a. n.a.
Other lending(14)
25 Farmers Home Administration 6,665 6,515 6,350
26 Rural Electrification
Administration 14,085 14,016 13,152
27 Other 21,402 19,651 19,804
2000
Agency
Apr. May June
1 Federal and federally
sponsored agencies n.a. 193,776 194,673
2 Federal agencies 26,011 26,052 26,669
3 Defense Department(1) 6 6 6
4 Export-Import Bank(2,3) n.a. n.a. n.a.
5 Federal Housing
Administration(4) 173 184 185
6 Government National
Mortgage Association
certificates of
participation(5) n.a. n.a. n.a.
7 Postal Service(6) n.a. n.a. n.a.
8 Tennessee Valley Authority 26,005 26,046 26,663
9 United States Railway
Association(6) n.a. n.a. n.a.
10 Federally sponsored
agencies(7) 164,298 167,726 168,004
11 Federal Home Loan Banks 541,673 557,506 568,438
12 Federal Home Loan Mortgage
Corporation 388,261 392,555 384,286
13 Federal National Mortgage
Association 561,700 571,800 578,500
14 Farm Credit Banks(8) 69,036 70,036 69,541
15 Student Loan Marketing
Association(9) 40,119 43,144 37,263
16 Financing Corporation(10) 8,170 8,170 8,170
17 Farm Credit Financial
Assistance
Corporation(11) 1,261 1,261 1,261
18 Resolution Funding
Corporation(12) 29,996 29,996 29,996
MEMO
19 Federal Financing Bank
debt(13) 38,700 39,102 38,513
Lending to federal and
federally sponsored
agencies
20 Export-Import Bank(3) n.a. n.a. n.a.
21 Postal Service(6) n.a. n.a. n.a.
22 Student Loan Marketing
Association n.a. n.a. n.a.
23 Tennessee Valley Authority n.a. n.a. n.a.
24 United States Railway
Association(6) n.a. n.a. n.a.
Other lending(14)
25 Farmers Home Administration 6,240 6,140 6,040
26 Rural Electrification
Administration 13,167 13,221 13,121
27 Other 19,293 19,741 19,352
(1.) Consists of mortgages assumed by the Defense Department between
1957 and 1963 under family housing and homeowners assistance programs.
(2.) Includes participation certificates reclassified as debt
beginning Oct. 1, 1976.
(3.) On-budget since Sept. 30, 1976.
(4.) Consists of debentures issued in payment of Federal Housing
Administration insurance claims. Once issued, these securities may
be sold privately on the securities market.
(5.) Certificates of participation issued before fiscal year 1969
by the Government National Mortgage Association acting as trustee
for the Farmers Home Administration, the Department of Health,
Education, and Welfare, the Department of Housing and Urban
Development, the Small Business Administration, and the Veterans
Administration.6. Off-budget.
(7.) Includes outstanding noncontingent liabilities: notes, bonds,
and debentures. Includes Federal Agricultural Mortgage
Corporation; therefore, details do not sum to total. Some data
are estimated.
(8.) Excludes borrowing by the Farm Credit Financial Assistance
Corporation, which is shown on line 17.
(9.) Before late 1982, the association obtained financing through
the Federal Financing Bank (FFB). Borrowing excludes that obtained
from the FFB, which is shown on line 22.
(10.) The Financing Corporation, established in August 1987 to
recapitalize the Federal Savings and Loan Insurance Corporation,
undertook its first borrowing in October 1987.
(11.) The Farm Credit Financial Assistance Corporation, established
in January 1988 to provide assistance to the Farm Credit System,
undertook its first borrowing in July 1988.
(12.) The Resolution Funding Corporation, established by the
Financial Institutions Reform, Recovery, and Enforcement Act of
1989, undertook its first borrowing in October 1989.
(13.) The FFB, which began operations in 1974, is authorized to
purchase or sell obligations issued, sold, or guaranteed by other
federal agencies. Because FFB incurs debt solely for the purpose
of lending to other agencies, its debt is not included in the
main portion of the table to avoid double counting.
(14.) Includes FFB purchases of agency assets and guaranteed
loans; the latter are loans guaranteed by numerous agencies,
with the amounts guaranteed by any one agency generally being
small. The Farmers Home Administration entry consists
exclusively of agency assets, whereas the Rural Electrification
Administration entry consists of both agency assets and guaranteed
loans.
1.45 NEW SECURITY ISSUES Tax-Exempt State and Local Governments
Millions of dollars
Type of issue or issuer,
or use 1997 1998 1999
1 All issues, new and refunding(1) 214,694 262,342 215,427
By type of issue
2 General obligation 69,934 87,015 73,308
3 Revenue 134,989 175,327 142,120
By type of issuer
4 State 18,237 23,506 16,376
5 Special district or statutory
authority(2) 134,919 178,421 152,418
6 Municipality, county, or township 70,558 60,173 46,634
7 Issues for new capital 135,519 160,568 161,065
By use of proceeds
8 Education 31,860 36,904 36,563
9 Transportation 13,951 19,926 17,394
10 Utilities and conservation 12,219 21,037 15,098
11 Social welfare 27,794 n.a. n.a.
12 Industrial aid 6,667 8,594 9,099
13 Other purposes 35,095 42,450 47,896
2000
Type of issue or issuer,
or use
Jan. Feb. Mar.
1 All issues, new and refunding(1) 8,969 10,905 16,780
By type of issue
2 General obligation 3,454 4,473 5,008
3 Revenue 5,516 6,433 11,773
By type of issuer
4 State 863 1,730 1,570
5 Special district or statutory
authority(2) 5,784 7,414 11,098
6 Municipality, county, or township 2,322 1,761 4,112
7 Issues for new capital 8,009 9,382 13,508
By use of proceeds
8 Education 2,189 2,548 3,436
9 Transportation 1,064 723 2,723
10 Utilities and conservation 588 115 1,086
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 89 647 747
13 Other purposes 2,885 2,804 2,426
2000
Type of issue or issuer,
or use
Apr. May June
1 All issues, new and refunding(1) 14,233 14,136 20,208
By type of issue
2 General obligation 4,598 6,051 8,581
3 Revenue 9,635 8,086 11,628
By type of issuer
4 State 1,371 1,102 2,907
5 Special district or statutory
authority(2) 10,229 9,639 13,520
6 Municipality, county, or township 2,633 3,396 3,782
7 Issues for new capital 12,029 12,481 16,987
By use of proceeds
8 Education 2,484 3,662 4,465
9 Transportation 768 1,778 1,093
10 Utilities and conservation 729 537 1,141
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 762 585 1,150
13 Other purposes 3,903 3,557 5,776
2000
Type of issue or issuer,
or use
July Aug.
1 All issues, new and refunding(1) 12,827 15,284
By type of issue
2 General obligation 4,256 5,194
3 Revenue 8,572 10,090
By type of issuer
4 State 783 1,011
5 Special district or statutory
authority(2) 8,545 10,728
6 Municipality, county, or township 3,500 3,545
7 Issues for new capital 11,297 12,402
By use of proceeds
8 Education 3,185 3,630
9 Transportation 1,947 1,979
10 Utilities and conservation 353 1,409
11 Social welfare n.a. n.a.
12 Industrial aid 632 281
13 Other purposes 2,543 3,564
(1.) Par amounts of long-term issues based on date of sale.
(2.) Includes school districts.
SOURCE. Securities Data Company beginning January 1990; Investment
Dealer's Digest before then.
1.46 NEW SECURITY ISSUES U.S. Corporations
Millions of dollars
Type of issue, offering,
or issuer 1997 1998 1999
1 All issues(1) 929,256 1,128,491 1,072,866
2 Bonds(2) 811,376 1,001,736 941,298
By type of offering
3 Sold in the United States 708,188 923,771 818,683
4 Sold abroad 103,188 77,965 122,615
MEMO
5 Private placements, domestic n.a. n.a. n.a.
By industry group
6 Nonfinancial 222,603 307,935 293,963
7 Financial 588,773 693,801 647,335
8 Stocks(3) 173,330 205,605 217,868
By type of offering
9 Public 117,880 126,755 131,568
10 Private placement(4) 55,450 78,850 86,300
By industry group
11 Nonfinancial 60,386 74,113 110,284
12 Financial 57,494 52,642 21,284
1999 2000
Type of issue, offering,
or issuer
Dec. Jan. Feb.
1 All issues(1) 50,805 55,714 85,679
2 Bonds(2) 42,477 44,220 63,391
By type of offering
3 Sold in the United States 36,488 30,784 56,727
4 Sold abroad 5,989 13,436 6,664
MEMO
5 Private placements, domestic 3,241 967 65
By industry group
6 Nonfinancial 14,614 14,599 26,598
7 Financial 27,863 29,620 36,792
8 Stocks(3) 15,520 11,494 22,288
By type of offering
9 Public 8,328 11,494 22,288
10 Private placement(4) 7,192 n.a. n.a.
By industry group
11 Nonfinancial 7,450 9,247 21,796
12 Financial 878 2,247 492
2000
Type of issue, offering,
or issuer
Mar. Apr. May
1 All issues(1) 113,093 61,963 62,939
2 Bonds(2) 96,148 40,941 58,233
By type of offering
3 Sold in the United States 87,603 36,724 45,986
4 Sold abroad 8,545 4,217 12,247
MEMO
5 Private placements, domestic 0 228 2,694(r)
By industry group
6 Nonfinancial 28,086 8,060 20,832
7 Financial 68,062 32,881 37,401
8 Stocks(3) 16,945 21,022 4,706
By type of offering
9 Public 16,945 21,022 4,706
10 Private placement(4) n.a. n.a. n.a.
By industry group
11 Nonfinancial 15,679 16,763 4,522
12 Financial 1,266 4,259 184
2000
Type of issue, offering,
or issuer
June July
1 All issues(1) 100,615(r) 63,260
2 Bonds(2) 92,742 55,639
By type of offering
3 Sold in the United States 75,271 39,215
4 Sold abroad 17,471 16,424
MEMO
5 Private placements, domestic 3,391 730
By industry group
6 Nonfinancial 29,412 15,915
7 Financial 63,331 39,724
8 Stocks(3) 7,873(r) 7,621
By type of offering
9 Public 7,873(r) 7,621
10 Private placement(4) n.a. n.a.
By industry group
11 Nonfinancial 6,521(r) 7,371
12 Financial 1,352 250
(1.) Figures represent gross proceeds of issues maturing in more than
one year; they are the principal amount or number of units calculated
by multiplying by the offering price. Figures exclude secondary
offerings, employee stock plans, investment companies other than
closed-end, intracorporate transactions, and Yankee bonds. Stock data
include ownership securities issued by limited partnerships.
(2.) Monthly data include 144(a) offerings.
(3.) Monthly data cover only public offerings.
(4.) Data are not available.
SOURCE. Securities Data Company and the Board of Governors of the
Federal Reserve System.
1.47 OPEN-END INVESTMENT COMPANIES Net Sales and Assets(1)
Millions of dollars
2000
Item 1998 1999
Jan. Feb.
1 Sales of own
shares(2) 1,461,430 1,791,894 226,251 237,861
2 Redemptions of
own shares 1,217,022 1,621,987 204,380 197,423
3 Net sales 244,408 169,906 21,871 40,438
4 Assets(4) 4,173,531 5,233,191 5,114,482 5,375,874
5 Cash(5) 191,393 219,189 222,729 231,480
6 Other 3,982,138 5,014,002 4,891,753 5,144,394
2000
Item
Mar. Apr. May June
1 Sales of own
shares(2) 269,118 202,248 172,718 181,866
2 Redemptions of
own shares 243,194 176,671 162,984 161,462
3 Net sales 25,924 25,577 9,735 20,404
4 Assets(4) 5,606,254 5,391,187 5,232,319 5,458,914
5 Cash(5) 221,623 254,819 260,426 259,241
6 Other 5,384,630 5,136,368 4,971,892 5,199,673
2000
Item
July(r) Aug.
1 Sales of own
shares(2) 166,815 181,027
2 Redemptions of
own shares 151,717 160,876
3 Net sales 15,098 20,152
4 Assets(4) 5,392,308 5,760,329
5 Cash(5) 258,472 262,781
Other 5,133,836 5,497,547
(1.) Data include stock, hybrid, and bond mutual funds and exclude
money market mutual funds.
(2.) Excludes reinvestment of net income dividends and capital
gains distributions and share issue of conversions from one fund
to another in the same group.
(3.) Excludes sales and redemptions resulting from transfers of shares
into or out of money market mutual funds within the same fund family.
(4.) Market value at end of period, less current liabilities.
(5.) Includes all U.S. Treasury securities and other short-term debt
securities.
SOURCE. Investment Company Institute. Data based on reports of
membership, which comprises substantially all open-end investment
companies registered with the Securities and Exchange Commission.
Data reflect underwritings of newly formed companies after their
initial offering of securities.
1.48 CORPORATE PROFITS AND THEIR DISTRIBUTION
Billions of dollars; quarterly data at seasonally adjusted annual rates
1998
Account 1997 1998 1999
Q3 Q4
1 Profits with inventory
valuation and capital
consumption adjustment 833.8 815.0 856.0 818.0 803.4
2 Profits before taxes 792.4 758.2 823.0 760.1 742.3
3 Profits-tax liability 237.2 244.6 255.9 249.0 239.4
4 Profits after taxes 555.2 513.6 567.1 511.1 502.9
5 Dividends 335.2 351.5 370.7 351.4 356.1
6 Undistributed profits 220.0 162.1 196.4 159.7 146.9
7 Inventory valuation 8.4 17.0 -9.1 17.7 19.9
8 Capital consumption
adjustment 32.9 39.9 42.1 40.2 41.2
1999
Account
Q1 Q2 Q3 Q4
1 Profits with inventory
valuation and capital
consumption adjustment 852.0 836.8 842.0 893.2
2 Profits before taxes 797.6 804.5 819.0 870.7
3 Profits-tax liability 247.8 250.8 254.2 270.8
4 Profits after taxes 549.9 553.7 564.8 599.9
5 Dividends 361.1 367.2 373.9 380.6
6 Undistributed profits 188.7 186.5 190.9 219.3
7 Inventory valuation 11.4 -8.9 -19.7 -19.2
8 Capital consumption
adjustment 42.9 41.2 42.7 41.6
2000
Account
Q1 Q2
1 Profits with inventory
valuation and capital
consumption adjustment 936.3 964.0
2 Profits before taxes 920.7 942.2
3 Profits-tax liability 286.3 292.9
4 Profits after taxes 634.4 649.3
5 Dividends 387.3 393.0
6 Undistributed profits 247.1 256.3
7 Inventory valuation -25.0 -13.4
8 Capital consumption
adjustment 40.6 35.2
SOURCE. U.S. Department of Commerce, Survey of Current Business.
1.51 DOMESTIC FINANCE COMPANIES Assets and Liabilities(1)
Billions of dollars, end of period; not seasonally adjusted
Account 1997 1998 1999
ASSETS
1 Accounts receivable, gross(2) 663.3 711.7 811.5
2 Consumer 256.8 261.8 279.8(r)
3 Business 318.5 347.5 405.2
4 Real estate 87.9 102.3 126.5
5 LESS: Reserves for unearned
income 52.7 56.3 53.5
6 Reserves for losses 13.0 13.8 13.5
7 Accounts receivable, net 597.6 641.6 744.6
8 All other 312.4 337.9 406.3
9 Total assets 910.0 979.5 1,150.9
LIABILITIES AND CAPITAL
10 Bank loans 24.1 26.3 35.1
11 Commercial paper 201.5 231.5 227.9
Debt
12 Owed to parent 64.7 61.8 123.8
13 Not elsewhere classified 328.8 339.7 397.0
14 All other liabilities 189.6 203.2 222.7
15 Capital, surplus, and
undivided profits 101.3 117.0 144.5
16 Total liabilities and capital 910.0 979.5 1,150.9
1998 1999
Account
Q4 Q1 Q2
ASSETS
1 Accounts receivable, gross(2) 711.7 733.8 756.5
2 Consumer 261.8 261.7 269.2
3 Business 347.5 362.8 373.7(r)
4 Real estate 102.3 109.2 113.5(r)
5 LESS: Reserves for unearned
income 56.3 52.9 53.4
6 Reserves for losses 13.8 13.4 13.4
7 Accounts receivable, net 641.6 667.6 689.7
8 All other 337.9 363.3 373.2
9 Total assets 979.5 1,030.8 1,062.9
LIABILITIES AND CAPITAL
10 Bank loans 26.3 24.8 25.1
11 Commercial paper 231.5 222.9 231.0
Debt
12 Owed to parent 61.8 64.6 65.4
13 Not elsewhere classified 339.7 366.7 383.1
14 All other liabilities 203.2 220.3 226.1
15 Capital, surplus, and
undivided profits 117.0 131.5 132.2
16 Total liabilities and capital 979.5 1,030.8 1,062.9
1999 2000
Account
Q3 Q4 Q1(r)
ASSETS
1 Accounts receivable, gross(2) 776.3 811.5 848.7
2 Consumer 271.0 279.8 285.4
3 Business 383.0 405.2 434.6
4 Real estate 122.3 126.5 128.8
5 LESS: Reserves for unearned
income 54.0 53.5 54.0
6 Reserves for losses 13.6 13.5 14.0
7 Accounts receivable, net 708.6 744.6 780.7
8 All other 368.5 406.3 412.7
9 Total assets 1,077.2 1,150.9 1,193.4
LIABILITIES AND CAPITAL
10 Bank loans 27.0 35.1 28.5
11 Commercial paper 205.3 227.9 230.2
Debt
12 Owed to parent 84.5 123.8 145.1
13 Not elsewhere classified 396.2 397 412.0
14 All other liabilities 216.0 222.7 247.6
15 Capital, surplus, and
undivided profits 148.2 144.5 130.1
16 Total liabilities and capital 1,077.2 1,150.9 1,193.4
2000
Account
Q2(r)
ASSETS
1 Accounts receivable, gross(2) 886.1
2 Consumer 294.1
3 Business 455.1
4 Real estate 136.9
5 LESS: Reserves for unearned
income 57.0
6 Reserves for losses 14.4
7 Accounts receivable, net 814.7
8 All other 419.4
9 Total assets 1,234.1
LIABILITIES AND CAPITAL
10 Bank loans 33.3
11 Commercial paper 234.2
Debt
12 Owed to parent 136.8
13 Not elsewhere classified 445.1
14 All other liabilities 249.6
15 Capital, surplus, and
undivided profits 135.3
16 Total liabilities and capital 1,234.4
(1.) Includes finance company subsidiaries of bank holding companies
but not of retailers and banks. Data are amounts carried on the
balance sheets of finance companies; securitized pools are not
shown, as they are not on the books.
(2.) Before deduction for unearned income and losses. Excludes pools
of securitized assets.
1.52 DOMESTIC FINANCE COMPANIES Owned and Managed Receivables(1)
Billions of dollars, amounts outstanding
Type of credit 1997 1998 1999
Seasonally adjusted
1 Total 810.5 875.8 993.9
2 Consumer 327.9 352.8 385.3
3 Real estate 121.1 131.4 154.7
4 Business 361.5 391.6 453.9
Not seasonally adjusted
5 Total 818.1 884.0 1,031.2
6 Consumer 330.9 356.1 388.8
7 Motor vehicles loans 87.0 103.1 114.7
8 Motor vehicle leases 96.8 93.3 98.3
9 Revolving(2) 38.6 32.3 33.8
10 Other(3) 34.4 33.1 33.1
Securitized assets(4)
11 Motor vehicle loans 44.3 54.8 71.1
12 Motor vehicle leases 10.8 12.7 9.7
13 Revolving .0 8.7 10.5
14 Other 19.0 18.1 17.7
15 Real estate 121.1 131.4 154.7
16 One- to four-family 59.0 75.7 88.3
17 Other 28.9 26.6 38.3
Securitized real estate
assets(4)
18 One- to four-family 33.0 29.0 28.0
19 Other .2 .1 .2
20 Business 366.1 396.5 459.6
21 Motor vehicles 63.5 79.6 87.8
22 Retail loans 25.6 28.1 33.2
23 Wholesale loans(5) 27.7 32.8 34.7
24 Leases 10.2 18.7 19.9
25 Equipment 203.9 198.0 221.9
26 Loans 51.5 50.4 52.2
27 Leases 152.3 147.6 169.7
28 Other business receivables(6) 51.1 69.9 95.5
Securitized assets(4)
29 Motor vehicles 33.0 29.2 31.5
30 Retail loans 2.4 2.6 2.9
31 Wholesale loans 30.5 24.7 26.4
32 Leases .0 1.9 2.1
33 Equipment 10.7 13.0 14.6
34 Loans 4.2 6.6 7.9
35 Leases 6.5 6.4 6.7
36 Other business receivables(6) 4.0 6.8 8.4
2000
Type of credit
Feb. Mar. Apr.
Seasonally adjusted
1 Total 1,032.2 1,054.1 1,073.3
2 Consumer 395.5 396.7 398.0
3 Real estate 162.3 167.9 173.1
4 Business 474.4 489.4 502.2
Not seasonally adjusted
5 Total 1,031.9 1,057.0 1,073.6
6 Consumer 392.3 392.8 394.4
7 Motor vehicles loans 121.3 121.1 120.9
8 Motor vehicle leases 100.7 101.7 102.8
9 Revolving(2) 32.9 31.5 31.9
10 Other(3) 32.7 31.1 31.2
Securitized assets(4)
11 Motor vehicle loans 67.8 71.2 72.1
12 Motor vehicle leases 9.2 8.8 8.5
13 Revolving 10.4 10.3 10.1
14 Other 17.3 17.1 16.8
15 Real estate 162.3 167.9 173.1
16 One- to four-family 91.7 90.4 93.6
17 Other 38.4 38.4 39.0
Securitized real estate
assets(4)
18 One- to four-family 32.0 38.9 40.2
19 Other .2 .2 0.2
20 Business 477.4 496.3 506.1
21 Motor vehicles 89.6 90.2 93.6
22 Retail loans 33.7 32.3 32.7
23 Wholesale loans(5) 35.8 37.9 38.9
24 Leases 20.1 19.9 22.0
25 Equipment 225.1 238.0 243.1
26 Loans 52.8 54.9 55.6
27 Leases 172.3 183.1 187.5
28 Other business receivables(6) 101.4 106.4 107.4
Securitized assets(4)
29 Motor vehicles 31.0 31.5 32.3
30 Retail loans 2.8 3.2 3.1
31 Wholesale loans 26.1 25.9 26.8
32 Leases 2.1 2.4 2.4
33 Equipment 22.5 22.0 21.7
34 Loans 15.9 15.4 15.2
35 Leases 6.6 6.5 6.5
36 Other business receivables(6) 7.7 8.3 8.0
2000
Type of credit
May June July
Seasonally adjusted
1 Total 1,088.7 1,108.5 193.2
2 Consumer 400.7 401.4 193.2
3 Real estate 178.4 185.7 n.a.
4 Business 509.5 521.4 n.a.
Not seasonally adjusted
5 Total 1,088.5 1,114.0 194.4
6 Consumer 399.4 403.9 194.4
7 Motor vehicles loans 124.1 126.5 129.4
8 Motor vehicle leases 104.1 103.9 n.a.
9 Revolving(2) 31.6 33.1 33.6
10 Other(3) 31.9 30.7 31.4
Securitized assets(4)
11 Motor vehicle loans 71.9 74.1 n.a.
12 Motor vehicle leases 8.2 7.9 n.a.
13 Revolving 11.1 11.1 n.a.
14 Other 16.5 16.6 n.a.
15 Real estate 178.4 185.7 n.a.
16 One- to four-family 97.3 97.2 n.a.
17 Other 39.4 39.6 n.a.
Securitized real estate
assets(4)
18 One- to four-family 41.5 48.6 n.a.
19 Other 0.2 0.2 n.a.
20 Business 510.7 524.5 n.a.
21 Motor vehicles 94.8 94.5 n.a.
22 Retail loans 33.3 33.8 n.a.
23 Wholesale loans(5) 39.5 38.4 n.a.
24 Leases 22.0 22.3 n.a.
25 Equipment 247.3 250.9 n.a.
26 Loans 55.9 56.7 n.a.
27 Leases 191.5 194.2 n.a.
28 Other business receivables(6) 106.6 109.8 n.a.
Securitized assets(4)
29 Motor vehicles 32.0 31.7 n.a.
30 Retail loans 3.0 2.9 n.a.
31 Wholesale loans 26.7 26.4 n.a.
32 Leases 2.4 2.4 n.a.
33 Equipment 21.5 31.1 n.a.
34 Loans 15.0 15.8 n.a.
35 Leases 6.5 15.2 n.a.
36 Other business receivables(6) 8.4 6.6 n.a.
NOTE. This table has been revised to incorporate several changes
resulting from the benchmarking of finance company receivables to
the June 1996 Survey of Finance Companies. In that benchmark survey,
and in the monthly surveys that have followed, more detailed
breakdowns have been obtained for some components. In addition,
previously unavailable data on securitized real estate loans are
now included in this table. The new information has
resulted in some reclassification of receivables among the three
major categories (consumer, real estate, and business) and in
discontinuities in some component series between May and
June 1996.
Includes finance company subsidiaries of bank holding companies but not
of retailers and banks. Data in this table also appear in the
Board's G.20 (422) monthly statistical release. For
ordering address, see inside front cover.
(1.) Owned receivables are those carried on the balance sheet of the
institution. Managed receivables are outstanding balances of pools
upon which securities have been issued; these balances are no
longer carried on the balance sheets of the loan originator.
Data are shown before deductions for unearned income and losses.
Components may not sum to totals because of rounding.
(2.) Excludes revolving credit reported as held by depository
institutions that are subsidiaries of finance companies.
(3.) Includes personal cash loans, mobile home loans, and loans to
purchase other types of consumer goods such as appliances,
apparel, boats, and recreation vehicles.
(4.) Outstanding balances of pools upon which securities have been
issued; these balances are no longer carried on the balance sheets
of the loan originator.
(5.) Credit arising from transactions between manufacturers and
dealers, that is, floor plan financing.
(6.) Includes loans on commercial accounts receivable, factored
commercial accounts, and receivable dealer capital; small
loans used primarily for business or farm purposes; and
wholesale and lease paper for mobile homes, campers, and travel
trailers.
1.53 MORTGAGE MARKETS Mortgages on New Homes
Millions of dollars except as noted
Item 1997 1998 1999
Terms and yields in primary and
secondary markets
PRIMARY MARKETS
Terms(1)
1 Purchase price (thousands of
dollars) 180.1 195.2 210.7
2 Amount of loan (thousands of
dollars) 140.3 151.1 161.7
3 Loan-to-price ratio (percent) 80.4 80.0 78.7
4 Maturity (years) 28.2 28.4 28.8
5 Fees and charges (percent of
loan amount)(2) 1.02 .89 .77
Yield (percent per year)
6 Contract rate(1) 7.57 6.95 6.94
7 Effective rate(1,3) 7.73 7.08 7.06
8 Contract rate (HUD series)(4) 7.76 7.00 7.45
SECONDARY MARKETS
9 FHA mortgages (Section 203)(5) 7.89 7.04 7.74
10 GNMA securities(6) 7.26 6.43 7.03
Activity in secondary markets
FEDERAL NATIONAL MORTGAGE
ASSOCIATION
Mortgage holdings (end of period)
11 Total 316,678 414,515 523,941
12 FHA/VA insured 31,925 33,770 55,318
13 Conventional 284,753 380,745 468,623
14 Mortgage transactions purchased
(during period) 70,465 188,448 195,210
Mortgage commitments
(during period)
15 Issued(7) 69,965 193,795 187,948
16 To sell(8) 1,298 1,880 5,900
FEDERAL HOME LOAN MORTGAGE
CORPORATION
Mortgage holdings
(end of period)(8)
17 Total 164,421 255,010 324,443
18 FHA/VA insured 177 785 1,836
19 Conventional 164,244 254,225 322,607
Mortgage transactions
(during period)
20 Purchases 117,401 267,402 239,793
21 Sales 114,258 250,565 233,031
22 Mortgage commitments contracted
(during period)(9) 120,089 281,899 228,432
2000
Item
Feb. Mar. Apr.
Terms and yields in primary and
secondary markets
PRIMARY MARKETS
Terms(1)
1 Purchase price (thousands of
dollars) 216.9 226.0 224.2
2 Amount of loan (thousands of
dollars) 165.6 170.7 170.2
3 Loan-to-price ratio (percent) 78.4 77.7 77.9
4 Maturity (years) 29.1 29.0 29.1
5 Fees and charges (percent of
loan amount)(2) .71 .68 .68
Yield (percent per year)
6 Contract rate(1) 7.43 7.49 7.52
7 Effective rate(1,3) 7.54 7.60 7.63
8 Contract rate (HUD series)(4) 8.20 8.19 8.29
SECONDARY MARKETS
9 FHA mortgages (Section 203)(5) 8.53 8.35 8.33
10 GNMA securities(6) 7.96 7.79 7.64
Activity in secondary markets
FEDERAL NATIONAL MORTGAGE
ASSOCIATION
Mortgage holdings (end of period)
11 Total 535,096 538,751 539,181
12 FHA/VA insured 58,294 58,451 58,899
13 Conventional 476,802 480,300 480,282
14 Mortgage transactions purchased
(during period) 11,484 8,801 6,257
Mortgage commitments
(during period)
15 Issued(7) 9,811 10,051 12,524
16 To sell(8) 612 1,954 1,340
FEDERAL HOME LOAN MORTGAGE
CORPORATION
Mortgage holdings
(end of period)(8)
17 Total 328,598 336,338 339,207
18 FHA/VA insured 1,719 2,521 1,987
19 Conventional 326,879 333,817 337,220
Mortgage transactions
(during period)
20 Purchases 6,747 9,323 8,393
21 Sales 6,424 8,569 8,077
22 Mortgage commitments contracted
(during period)(9) 7,156 10,122 8,750
2000
Item
May June
Terms and yields in
primary and
secondary markets
PRIMARY MARKETS
Terms(1)
1 Purchase price (thousands of
dollars) 232.2 238.6
2 Amount of loan (thousands of
dollars) 176.3 178.3
3 Loan-to-price ratio (percent) 78.0 76.9
4 Maturity (years) 29.2 29.2
5 Fees and charges (percent of
loan amount)(2) .71 .69
Yield (percent per year)
6 Contract rate(1) 7.44 7.40
7 Effective rate(1,3) 7.55 7.50
8 Contract rate (HUD series)(4) 8.26 n.a.
SECONDARY MARKETS
9 FHA mortgages (Section 203)(5) 8.58 n.a.
10 GNMA securities(6) 8.06 7.69
Activity in secondary
markets
FEDERAL NATIONAL MORTGAGE
ASSOCIATION
Mortgage holdings (end of period)
11 Total 545,803 552,166
12 FHA/VA insured 59,140 59,703
13 Conventional 486,663 492,463
14 Mortgage transactions purchased
(during period) 12,872 12,842
Mortgage commitments
(during period)
15 Issued(7) 10,450 11,825
16 To sell(8) 1,594 1,254
FEDERAL HOME LOAN MORTGAGE
CORPORATION
Mortgage holdings
(end of period)(8)
17 Total 347,370 350,836
18 FHA/VA insured 3,116 2,892
19 Conventional 344,254 347,944
Mortgage transactions
(during period)
20 Purchases 15,741 12,271
21 Sales 15,261 11,806
22 Mortgage commitments contracted
(during period)(9) 13,807 13,596
2000
Item
July Aug.
Terms and yields in
primary and
secondary markets
PRIMARY MARKETS
Terms(1)
1 Purchase price (thousands of
dollars) 235.8 237.0
2 Amount of loan (thousands of
dollars) 178.3 179.7
3 Loan-to-price ratio (percent) 77.7 77.7
4 Maturity (years) 29.3 29.3
5 Fees and charges (percent of
loan amount)(2) .66 .68
Yield (percent per year)
6 Contract rate(1) 7.41 7.44
7 Effective rate(1,3) 7.51 7.54
8 Contract rate (HUD series)(4) n.a. n.a.
SECONDARY MARKETS
9 FHA mortgages (Section 203)(5) n.a. n.a.
10 GNMA securities(6) 7.59 7.44
Activity in secondary
markets
FEDERAL NATIONAL MORTGAGE
ASSOCIATION
Mortgage holdings (end of period)
11 Total 561,045 568,187
12 FHA/VA insured 60,397 60,150
13 Conventional 500,648 508,037
14 Mortgage transactions purchased
(during period) 15,128 13,352
Mortgage commitments
(during period)
15 Issued(7) 16,660 14,253
16 To sell(8) 436 236
FEDERAL HOME LOAN MORTGAGE
CORPORATION
Mortgage holdings
(end of period)(8)
17 Total 354,020 357,002
18 FHA/VA insured 2,858 2,850
19 Conventional 351,162 354,152
Mortgage transactions
(during period)
20 Purchases 10,912 16,056
21 Sales 10,539 15,558
22 Mortgage commitments contracted
(during period)(9) 10,803 17,468
(1.) Weighted averages based on sample surveys of mortgages
originated by major institutional lender groups for purchase of newly
built homes; compiled by the Federal Housing Finance Board in
cooperation with the Federal Deposit Insurance Corporation.
(2.) Includes all fees, commissions, discounts, and "points" paid
(by the borrower or the seller) to obtain a loan.
(3.) Average effective interest rate on loans closed for purchase
of newly built homes, assuming prepayment at the end of ten years.
(4.) Average contract rate on new commitments for conventional
first mortgages; from U.S. Department of Housing and Urban
Development (HUD). Based on transactions on the first
day of the subsequent month.
(5.) Average gross yield on thirty-year, minimum-downpayment first
mortgages insured by the Federal Housing Administration (FHA) for
immediate delivery in the private secondary market. Based on
transactions on first day of subsequent month.
(6.) Average net yields to investors on fully modified pass-through
securities backed by mortgages and guaranteed by the Government
National Mortgage Association (GNMA), assuming prepayment in twelve
years on pools of thirty-year mortgages insured by the Federal
Housing Administration or guaranteed by the Department of
Veterans Affairs.
(7.) Does not include standby commitments issued, but includes
standby commitments converted.
(8.) Includes participation loans as well as whole loans.
(9.) Includes conventional and government-underwritten loans.
The Federal Home Loan Mortgage Corporation's mortgage commitments
and mortgage transactions include activity under mortgage
securities swap programs, whereas the corresponding data for FNMA
exclude swap activity.
1.54 MORTGAGE DEBT OUTSTANDING(1)
Millions of dollars, end of period
Type of holder and property 1996 1997
1 All holders 4,865,412(r) 5,197,838(r)
By type of property
2 One- to four-family residences 3,716,055(r) 3,967,842(r)
3 Multifamily residences 288,579(r) 301,838(r)
4 Nonfarm, nonresidential 773,643(r) 837,859(r)
5 Farm 87,134 90,299
By type of holder
6 Major financial institutions 1,981,886 2,083,881(r)
7 Commercial banks(2) 1,145,389 1,245,315
8 One- to four-family 677,603 745,510
9 Multifamily 45,451 49,670
10 Nonfarm, nonresidential 397,452 423,148
11 Farm 24,883 26,986
12 Savings institutions(3) 628,335 631,726(r)
13 One- to four-family 513,712 520,682(r)
14 Multifamily 61,570 59,540
15 Nonfarm, nonresidential 52,723 51,150
16 Farm 331 354
17 Life insurance companies 208,162 206,840
18 One- to four-family 6,977 7,187
19 Multifamily 30,750 30,402
20 Nonfarm, nonresidential 160,315 158,779
21 Farm 10,120 10,472
22 Federal and related agencies 295,192 286,194(r)
23 Government National Mortgage
Association 2 8
24 One- to four-family 2 8
25 Multifamily 0 0
26 Farmers Home Administration(4) 41,596 41,195
27 One- to four-family 17,303 17,253
28 Multifamily 11,685 11,720
29 Nonfarm, nonresidential 6,841 7,370
30 Farm 5,768 4,852
31 Federal Housing and Veterans'
Administrations 6,244 3,811(r)
32 One- to four-family 3,524 1,767
33 Multifamily 2,719 2,044(r)
34 Resolution Trust Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm, nonresidential 0 0
38 Farm 0 0
39 Federal Deposit Insurance
Corporation 2,431 724
40 One- to four-family 365 109
41 Multifamily 413 123
42 Nonfarm, nonresidential 1,653 492
43 Farm 0 0
44 Federal National Mortgage
Association 168,813 161,308
45 One- to four-family 155,008 149,831
46 Multifamily 13,805 11,477
47 Federal Land Banks 29,602 30,657
48 One- to four-family 1,742 1,804
49 Farm 0(r) 0(r)
50 Federal Home Loan Mortgage
Corporation 46,500 48,454
51 One- to four-family 41,758 42,629
52 Multifamily 4,746 5,825
53 Mortgage pools or trusts(5) 4,865,412(r) 5,197,838(r)
54 Government National Mortgage
Association 506,246 536,879
55 One- to four-family 494,064 523,225
56 Multifamily 12,182 13,654
57 Federal Home Loan Mortgage
Corporation 554,260 579,385
58 One- to four-family 551,513 576,846
59 Multifamily 2,747 2,539
60 Federal National Mortgage
Association 650,779(r) 709,582
61 One- to four-family 633,209(r) 687,981
62 Multifamily 17,570 21,601
63 Farmers Home Administration(4) 3 2
64 One- to four-family 0 0
65 Multifamily 0 0
66 Nonfarm, nonresidential 0 0
67 Farm 3 2
68 Private mortgage conduits 329,559 413,502
69 One- to four-family(6) 258,800 316,400
70 Multifamily 16,369 21,591
71 Nonfarm, nonresidential 54,390 75,511
72 Farm 0 0
73 Individuals and others(7) 547,486(r) 588,413(r)
74 One- to four-family 360,476(r 376,574(r)
75 Multifamily 68,572(r) 71,651(r)
76 Nonfarm, nonresidential 100,269(r) 121,409(r)
77 Farm 18,169 18,779
1999
Type of holder and property 1998
Q2
1 All holders 5,722,645(r) 6,015,365(r)
By type of property
2 One- to four-family residences 4,353,048(r) 4,559,021(r)
3 Multifamily residences 329,813(r) 348,658(r)
4 Nonfarm, nonresidential 943,278(r) 1,008,048(r)
5 Farm 96,506 99,638
By type of holder
6 Major financial institutions 2,194,813 2,242,431
7 Commercial banks(2) 1,337,217 1,361,365
8 One- to four-family 797,492 790,372
9 Multifamily 54,116 60,529
10 Nonfarm, nonresidential 456,574 479,930(r)
11 Farm 29,035 30,536
12 Savings institutions(3) 643,957 656,518
13 One- to four-family 533,918 544,962
14 Multifamily 56,821 55,016
15 Nonfarm, nonresidential 52,801 56,096
16 Farm 417 443
17 Life insurance companies 213,640 224,548
18 One- to four-family 6,590 7,292
19 Multifamily 31,522 31,800
20 Nonfarm, nonresidential 164,004 173,495
21 Farm 11,524 11,961
22 Federal and related agencies 293,613(r) 289,519(r)
23 Government National Mortgage
Association 7 8
24 One- to four-family 7 8
25 Multifamily 0 0
26 Farmers Home Administration(4) 40,851 40,766
27 One- to four-family 16,895 16,653
28 Multifamily 11,739 11,735
29 Nonfarm, nonresidential 7,705 7,943
30 Farm 4,513 4,435
31 Federal Housing and Veterans'
Administrations 3,674 3,490
32 One- to four-family 1,849 1,623
33 Multifamily 1,825 1,867
34 Resolution Trust Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm, nonresidential 0 0
38 Farm 0 0
39 Federal Deposit Insurance
Corporation 361 189
40 One- to four-family 54 28
41 Multifamily 61 32
42 Nonfarm, nonresidential 245 129
43 Farm 0 0
44 Federal National Mortgage
Association 157,675 155,637
45 One- to four-family 147,594 145,033
46 Multifamily 10,081 10,600
47 Federal Land Banks 32,983 33,666
48 One- to four-family 1,941 1,981
49 Farm 0(r) 0(r)
50 Federal Home Loan Mortgage
Corporation 57,085 54,282
51 One- to four-family 49,106 43,574
52 Multifamily 7,979 10,708
53 Mortgage pools or trusts(5) 5,722,645(r) 6,015,365(r)
54 Government National Mortgage
Association 537,446 553,196
55 One- to four-family 522,498 537,287
56 Multifamily 14,948 15,909
57 Federal Home Loan Mortgage
Corporation 646,459 718,085
58 One- to four-family 643,465 714,844
59 Multifamily 2,994 3,241
60 Federal National Mortgage
Association 834,517(r) 911,435
61 One- to four-family 804,204(r) 877,863
62 Multifamily 30,313 33,572
63 Farmers Home Administration(4) 1 1
64 One- to four-family 0 0
65 Multifamily 0 0
66 Nonfarm, nonresidential 0 0
67 Farm 1 1
68 Private mortgage conduits 571,340 627,402
69 One- to four-family(6) 412,700 447,938
70 Multifamily 34,323 39,435
71 Nonfarm, nonresidential 124,317 140,029
72 Farm 0 0
73 Individuals and others(7) 644,456(r) 673,297(r)
74 One- to four-family 413,770(r) 428,202(r)
75 Multifamily 73,081(r) 74,090(r)
76 Nonfarm, nonresidential 137,632(r) 150,428(r)
77 Farm 19,974 20,577
1999
Type of holder and property
Q3 Q4
1 All holders 6,224,771(r) 6,375,447(r)
By type of property
2 One- to four-family residences 4,690,310(r) 4,786,609(r)
3 Multifamily residences 359,323(r) 373,189(r)
4 Nonfarm, nonresidential 1,073,743(r) 1,112,686(r)
5 Farm 101,395(r) 102,962(r)
By type of holder
6 Major financial institutions 2,321,356 2,394,923(r)
7 Commercial banks(2) 1,418,819 1,495,502(r)
8 One- to four-family 827,291 879,552(r)
9 Multifamily 63,964 67,591
10 Nonfarm, nonresidential 496,246 516,520(r)
11 Farm 31,320 31,839
12 Savings institutions(3) 676,346 668,634
13 One- to four-family 560,622 549,072
14 Multifamily 57,282 59,138
15 Nonfarm, nonresidential 57,983 59,948
16 Farm 459 475
17 Life insurance companies 226,190 230,787(r)
18 One- to four-family 7,432 5,934(r)
19 Multifamily 31,998 32,818(r)
20 Nonfarm, nonresidential 174,571 179,048(r)
21 Farm 12,189 12,987(r)
22 Federal and related agencies 322,572(r) 322,352(r)
23 Government National Mortgage
Association 8 7
24 One- to four-family 8 7
25 Multifamily 0 0
26 Farmers Home Administration(4) 73,705 73,871
27 One- to four-family 16,583 16,506
28 Multifamily 11,745 11,741
29 Nonfarm, nonresidential 41,068 41,355
30 Farm 4,308 4,268
31 Federal Housing and Veterans'
Administrations 3,889 3,712
32 One- to four-family 2,013 1,851
33 Multifamily 1,876 1,861
34 Resolution Trust Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm, nonresidential 0 0
38 Farm 0 0
39 Federal Deposit Insurance
Corporation 163 152
40 One- to four-family 24 23
41 Multifamily 28 26
42 Nonfarm, nonresidential 111 103
43 Farm 0 0
44 Federal National Mortgage
Association 153,172 151,500
45 One- to four-family 142,982 141,195
46 Multifamily 10,190 10,305
47 Federal Land Banks 34,217(r) 34,187
48 One- to four-family 2,013 2,012
49 Farm 0(r) 0(r)
50 Federal Home Loan Mortgage
Corporation 55,695 56,676
51 One- to four-family 44,010 44,321
52 Multifamily 11,685 12,355
53 Mortgage pools or trusts(5) 6,224,771(r) 6,375,447(r)
54 Government National Mortgage
Association 569,038 582,263(r)
55 One- to four-family 552,670 565,189(r)
56 Multifamily 16,368 17,074
57 Federal Home Loan Mortgage
Corporation 738,581 749,081
58 One- to four-family 735,088 744,619
59 Multifamily 3,493 4,462
60 Federal National Mortgage
Association 938,484 960,883
61 One- to four-family 903,531 924,941
62 Multifamily 34,953 35,942
63 Farmers Home Administration(4) 0 0
64 One- to four-family 0 0
65 Multifamily 0 0
66 Nonfarm, nonresidential 0 0
67 Farm 0 0
68 Private mortgage conduits 645,084 662,565
69 One- to four-family(6) 455,276 462,600
70 Multifamily 40,936 42,628
71 Nonfarm, nonresidential 148,873 157,337
72 Farm 0 0
73 Individuals and others(7) 689,656(r) 703,379(r)
74 One- to four-family 439,219(r) 446,771(r)
75 Multifamily 74,629(r) 77,016(r)
76 Nonfarm, nonresidential 154,892(r) 158,375(r)
77 Farm 20,916 21,217(r)
2000
Type of holder and property
Q1 Q2
1 All holders 6,489,770(r) 6,659,097
By type of property
2 One- to four-family residences 4,862,747(r) 4,982,853
3 Multifamily residences 381,699(r) 392,919
4 Nonfarm, nonresidential 1,141,577(r) 1,175,641
5 Farm 103,748(r) 107,685
By type of holder
6 Major financial institutions 2,456,786(r) 2,551,751
7 Commercial banks(2) 1,546,816(r) 1,614,307
8 One- to four-family 904,581(r) 948,496
9 Multifamily 72,431 75,713
10 Nonfarm, nonresidential 537,131(r) 556,382
11 Farm 32,673 33,717
12 Savings institutions(3) 680,745 701,992
13 One- to four-family 560,006 578,641
14 Multifamily 57,759 59,142
15 Nonfarm, nonresidential 62,447 63,691
16 Farm 493 518
17 Life insurance companies 229,225(r) 235,452
18 One- to four-family 5,874(r) 4,826
19 Multifamily 32,602(r) 33,669
20 Nonfarm, nonresidential 177,870(r) 182,514
21 Farm 12,879(r) 14,444
22 Federal and related agencies 23,145(r) 334,715
23 Government National Mortgage
Association 7 7
24 One- to four-family 7 7
25 Multifamily 0 0
26 Farmers Home Administration(4) 72,899 72,896
27 One- to four-family 16,456 16,435
28 Multifamily 11,732 11,729
29 Nonfarm, nonresidential 40,509 40,554
30 Farm 4,202 4,179
31 Federal Housing and Veterans'
Administrations 3,794(r) 3,845
32 One- to four-family 1,847(r) 1,832
33 Multifamily 1,947 2,013
34 Resolution Trust Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm, nonresidential 0 0
38 Farm 0 0
39 Federal Deposit Insurance
Corporation 98 72
40 One- to four-family 15 11
41 Multifamily 17 12
42 Nonfarm, nonresidential 67 49
43 Farm 0 0
44 Federal National Mortgage
Association 150,312 155,364
45 One- to four-family 139,986 144,335
46 Multifamily 10,326 11,029
47 Federal Land Banks 34,142 34,820
48 One- to four-family 2,009 2,039
49 Farm 0(r) 0
50 Federal Home Loan Mortgage
Corporation 57,009 56,972
51 One- to four-family 43,384 42,892
52 Multifamily 13,625 14,080
53 Mortgage pools or trusts(5) 6,489,770(r) 6,659,097
54 Government National Mortgage
Association 589,203(r) 590,903
55 One- to four-family 571,517(r) 572,856
56 Multifamily 17,686 18,047
57 Federal Home Loan Mortgage
Corporation 757,106 768,641
58 One- to four-family 752,607 763,890
59 Multifamily 4,499 4,751
60 Federal National Mortgage
Association 975,815 995,815
61 One- to four-family 938,898 957,584
62 Multifamily 36,917 38,231
63 Farmers Home Administration(4) 0 0
64 One- to four-family 0 0
65 Multifamily 0 0
66 Nonfarm, nonresidential 0 0
67 Farm 0 0
68 Private mortgage conduits 678,156 686,037
69 One- to four-family(6) 471,390 471,000
70 Multifamily 43,835 44,931
71 Nonfarm, nonresidential 162,930 170,106
72 Farm 0 0
73 Individuals and others(7) 709,560(r) 731,235
74 One- to four-family 449,496(r) 467,572
75 Multifamily 78,074(r) 79,272
76 Nonfarm, nonresidential 160,622(r) 162,345
77 Farm 21,368(r) 22,006
(1.) Multifamily debt refers to loans on structures of five
or more units.
(2.) Includes loans held by nondeposit trust companies but not
loans held by bank trust departments.
(3.) Includes savings banks and savings and loan associations.
(4.) FmHA-guaranteed securities sold to the Federal Financing
Bank were reallocated from FmHA mortgage pools to FmHA mortgage
holdings in 1986:Q4 because of accounting changes by the Farmers
Home Administration.
(5.) Outstanding principal balances of mortgage-backed securities
insured or guaranteed by the agency indicated.
(6.) Includes securitized home equity loans.
(7.) Other holders include mortgage companies, real estate
investment trusts, state and local credit agencies, state and
local retirement funds, noninsured pension funds, credit unions, and
finance companies.
SOURCE. Based on data from various institutional and government
sources. Separation of nonfarm mortgage debt by type of property,
if not reported directly, and interpolations and extrapolations,
when required for some quarters, are estimated in part by the Federal
Reserve. Line 69 from Inside Mortgage Securities and other sources.
1.55 CONSUMER CREDIT(1)
Millions of dollars, amounts outstanding, end of period
Holder and type of credit 1997 1998 1999
Seasonally adjusted
1 Total 1,234,461 1,301,023 1,393,657
2 Revolving 531,163 560,504 595,610
3 Nonrevolving(2) 703,297 740,519 798,047
Not seasonally adjusted
4 Total 1,264,103 1,331,742 1,426,151
By major holder
5 Commercial banks 512,563 508,932 499,758
6 Finance companies 160,022 168,491 181,573
7 Credit unions 152,362 155,406 167,921
8 Savings institutions 47,172 51,611 61,527
9 Nonfinancial business 78,927 74,877 80,311
10 Pools of securitized assets(3) 313,057 372,425 435,061
By major type of credit(4)
11 Revolving 555,858 586,528 623,245
12 Commercial banks 219,826 210,346 189,352
13 Finance companies 38,608 32,309 33,814
14 Credit unions 19,552 19,930 20,641
15 Savings institutions 11,441 12,450 15,838
16 Nonfinancial business 44,966 39,166 42,783
17 Pools of securitized assets(3) 221,465 272,327 320,817
18 Nonrevolving 708,245 745,214 802,906
19 Commercial banks 292,737 298,586 310,406
20 Finance companies 121,414 136,182 147,759
21 Credit unions 132,810 135,476 147,280
22 Savings institutions 35,731 39,161 45,689
23 Nonfinancial business 33,961 35,711 37,528
24 Pools of securitized assets(3) 91,592 100,098 114,244
2000
Holder and type of credit
Feb. Mar. Apr.(r)
Seasonally adjusted
1 Total 1,418,756 1,429,431 1,435,806
2 Revolving 608,523 615,510 622,302
3 Nonrevolving(2) 810,233 813,921 813,504
Not seasonally adjusted
4 Total 1,413,585 1,416,228 1,423,617
By major holder
5 Commercial banks 499,148 497,120 499,696
6 Finance companies 186,896 183,705 184,050
7 Credit unions 168,209 169,487 171,257
8 Savings institutions 59,821 58,968 59,628
9 Nonfinancial business 73,509 72,908 72,975
10 Pools of securitized assets(3) 426,002 434,040 436,011
By major type of credit(4)
11 Revolving 609,387 609,086 615,432
12 Commercial banks 186,379 184,901 188,691
13 Finance companies 32,885 31,456 31,928
14 Credit unions 19,941 19,764 19,929
15 Savings institutions 15,263 14,975 15,135
16 Nonfinancial business 37,918 37,430 37,418
17 Pools of securitized assets(3) 317,001 320,560 322,331
18 Nonrevolving 804,198 807,142 808,185
19 Commercial banks 312,769 312,219 311,005
20 Finance companies 154,011 152,249 152,122
21 Credit unions 148,268 149,723 151,328
22 Savings institutions 44,558 43,993 44,493
23 Nonfinancial business 35,591 35,478 35,557
24 Pools of securitized assets(3) 109,001 113,480 113,680
2000
Holder and type of credit
May(r) June July(r)
Seasonally adjusted
1 Total 1,447,667 1,462,386 1,471,823
2 Revolving 628,863 634,572 638,373
3 Nonrevolving(2) 818,804 827,814 833,450
Not seasonally adjusted
4 Total 1,434,547 1,453,601 1,464,348
By major holder
5 Commercial banks 502,030 506,245 506,472
6 Finance companies 187,610 190,268 194,384
7 Credit unions 173,764 176,279 178,409
8 Savings institutions 60,289 60,951 61,188
9 Nonfinancial business 73,526 72,817 71,800
10 Pools of securitized assets(3) 437,328 447,041 452,095
By major type of credit(4)
11 Revolving 621,224 627,830 630,601
12 Commercial banks 192,352 194,793 194,819
13 Finance companies 31,628 33,063 33,565
14 Credit unions 20,027 20,289 20,597
15 Savings institutions 15,295 15,455 15,419
16 Nonfinancial business 37,766 36,902 35,951
17 Pools of securitized assets(3) 324,156 327,328 330,250
18 Nonrevolving 813,323 825,771 833,747
19 Commercial banks 309,678 311,452 311,653
20 Finance companies 155,982 157,205 160,819
21 Credit unions 153,737 155,990 157,812
22 Savings institutions 44,994 45,496 45,769
23 Nonfinancial business 35,760 35,915 35,849
24 Pools of securitized assets(3) 113,172 119,713 121,845
(1.) The Board's series on amounts of credit covers most short- and
intermediate-term credit extended to individuals, excluding loans
secured by real estate. Data in this table also appear
in the Board's G.19 (421) monthly statistical release. For ordering
address, see inside front cover.
(2.) Comprises motor vehicle loans, mobile home loans, and all other
loans that are not included in revolving credit, such as loans for
education, boats, trailers, or vacations. These loans may be secured
or unsecured.
(3.) Outstanding balances of pools upon which securities have been
issued; these balances are no longer 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
2000
Item 1997 1998 1999
Jan.
INTEREST RATES
Commercial banks(2)
1 48-month new car 9.02 8.72 8.44 n.a.
2 24-month personal 13.90 13.74 13.39 n.a.
Credit card plan
3 All accounts 15.77 15.71 15.21 n.a.
4 Accounts assessed interest 15.57 15.59 14.81 n.a.
Auto finance companies
5 New car 7.12 6.30 6.66 7.18
6 Used car 13.27 12.64 12.6 12.95
OTHER TERMS(3)
Maturity (months)
7 New car 54.1 52.1 52.7 52.9
8 Used car 51.0 53.5 55.9 57.0
Loan-to-value ratio
9 New car 92 92 92 91
10 Used car 99 99 99 98
Amount financed (dollars)
11 New car 18,077 19,083 19,880 20,503
12 Used car 12,281 12,691 13,642 13,809
2000
Item Feb. Mar. Apr. May
INTEREST RATES
Commercial banks(2)
1 48-month new car 8.88 n.a. n.a. 9.21
2 24-month personal 13.76 n.a. n.a. 13.88
Credit card plan
3 All accounts 15.47 n.a. n.a. 15.39
4 Accounts assessed interest 14.32 n.a. n.a. 14.74
Auto finance companies
5 New car 7.34 6.76 6.38 6.51
6 Used car 13.27 13.45 13.52 13.47
OTHER TERMS(3)
Maturity (months)
7 New car 52.7 53.1 53.8 53.5
8 Used car 57.1 57.1 57.1 57.1
Loan-to-value ratio
9 New car 92 93 93 93
10 Used car 98 99 98 99
Amount financed (dollars)
11 New car 20,206 20,395 20,542 20,621
12 Used car 13,697 13,666 13,871 14,132
2000
Item June July
INTEREST RATES
Commercial banks(2)
1 48-month new car n.a. n.a.
2 24-month personal n.a. n.a.
Credit card plan
3 All accounts n.a. n.a.
4 Accounts assessed interest n.a. n.a.
Auto finance companies
5 New car 6.55 6.66
6 Used car 13.58 13.64
OTHER TERMS(3)
Maturity (months)
7 New car 53.4 53.5
8 Used car 57.3 57.2
Loan-to-value ratio
9 New car 93 92
10 Used car 99 100
Amount financed (dollars)
11 New car 20,494 20,533
12 Used car 14,244 14,268
(1.) The Board's series on amounts of credit covers most short- and
intermediate-term credit extended to individuals. Data in
this table also appear in the Board's G.19 (421) monthly
statistical release. For ordering address, see inside front cover.
(2.) Data are available for only the second month of each quarter.
(3.) At auto finance companies.
1.57 FUNDS RAISED IN U.S. CREDIT MARKETS(1)
Billions of dollars; quarterly data at seasonally adjusted annual
rates
Transaction category or sector 1994 1995 1996
Nonfinancial sectors
1 Total net borrowing by domestic
nonfinancial sectors 559.3 711.3 731.4
By sector and instrument
2 Federal government 155.9 144.4 145.0
3 Treasury securities 155.7 142.9 146.6
4 Budget agency securities and
mortgages .2 1.5 -1.6
5 Nonfederal 403.4 566.9 586.3
By instrument
6 Commercial paper 21.4 18.1 -0.9
7 Municipal securities and loans -35.9 -48.2 2.6
8 Corporate bonds 23.3 91.1 116.3
9 Bank loans n.e.c. 75.2 103.7 70.5
10 Other loans and advances 34.0 67.2 33.5
11 Mortgages 160.5 196.0 275.7
12 Home 183.2 180.0 242.5
13 Multifamily residential -3.6 5.8 9.4
14 Commercial -21.3 7.9 21.3
15 Farm 2.2 1.6 2.6
16 Consumer credit 124.9 138.9 88.8
By borrowing sector
17 Household 313.4 348.8 347.6
18 Nonfinancial business 136.3 269.5 245.5
19 Corporate 128.7 236.1 157.0
20 Nonfarm noncorporate 3.3 30.6 83.8
21 Farm 4.4 2.9 4.8
22 State and local government -46.2 -51.5 -6.8
23 Foreign net borrowing in
United States -13.9 78.5 88.4
24 Commercial paper -26.1 13.5 11.3
25 Bonds 12.2 57.1 67.0
26 Bank loans n.e.c. 1.4 8.5 9.1
27 Other loans and advances -1.4 -.5 1.0
28 Total domestic plus foreign 545.3 789.8 819.8
Financial sectors
29 Total net borrowing by
financial sectors 468.4 453.9 545.8
By instrument
30 Federal government-related 287.5 204.1 231.5
31 Government-sponsored
enterprise securities 176.9 105.9 90.4
32 Mortgage pool securities 115.4 98.2 141.1
33 Loans from U.S. government -4.8 .0 .0
34 Private 180.9 249.8 314.4
35 Open market paper 40.5 42.7 92.2
36 Corporate bonds 121.8 195.9 173.8
37 Bank loans n.e.c. -13.7 2.5 12.6
38 Other loans and advances 22.6 3.4 27.9
39 Mortgages 9.8 5.3 7.9
By borrowing sector
40 Commercial banking 20.1 22.5 13.0
41 Savings institutions 12.8 2.6 25.2
42 Credit unions .2 -.1 .1
43 Life insurance companies .3 -.1 1.1
44 Government-sponsored
enterprises 172.1 105.9 90.4
45 Federally related mortgage
pools 115.4 98.2 141.1
46 Issuers of asset-backed
securities (ABSs) 76.5 142.4 150.8
47 Finance companies 48.6 50.2 45.9
48 Mortgage companies -11.5 -2.2 4.1
49 Real estate investment trusts
(REITs) 10.2 4.5 11.9
50 Brokers and dealers .5 -5.0 -2.0
51 Funding corporation 23.1 34.9 64.1
All sectors
52 Total net borrowing, all
sectors 1,031.8 1,243.8 1,365.6
53 Open market paper 35.7 74.3 102.6
54 U.S. government securities 448.1 348.5 376.5
55 Municipal securities -35.9 -48.2 2.6
56 Corporate and foreign bonds 157.3 344.1 357.0
57 Bank loans n.e.c. 62.9 114.7 92.1
58 Other loans and advances 50.4 70.1 62.5
59 Mortgages 170.3 201.3 283.6
60 Consumer credit 124.9 138.9 88.8
Funds raised through mutual
funds and corporate equities
61 Total net issues 113.4 131.5 231.9
62 Corporate equities 12.8 -16.0 -5.7
63 Nonfinancial corporations -44.9 -58.3 -69.5
64 Foreign shares purchased by
U.S. residents 48.1 50.4 82.8
65 Financial corporation 9.6 -8.1 -19.0
66 Mutual fund shares 100.6 147.4 237.6
1998
1997 1998
Transaction category or sector
Q4
Nonfinancial sectors
1 Total net borrowing by domestic
nonfinancial sectors 804.3 1,042.9 1,065.8
By sector and instrument
2 Federal government 23.1 -52.6 -65.2
3 Treasury securities 23.2 -54.6 -77.4
4 Budget agency securities and
mortgages -.1 2.0 12.2
5 Nonfederal 781.2 1,095.5 1,131.0
By instrument
6 Commercial paper 13.7 24.4 -43.0
7 Municipal securities and loans 71.4 96.8 92.8
8 Corporate bonds 150.5 218.7 193.2
9 Bank loans n.e.c. 106.5 108.2 107.5
10 Other loans and advances 69.1 74.3 101.4
11 Mortgages 317.5 505.5 609.2
12 Home 252.3 386.9 444.1
13 Multifamily residential 8.3 20.3 26.9
14 Commercial 53.7 92.0 129.6
15 Farm 3.2 6.2 8.6
16 Consumer credit 52.5 67.6 69.9
By borrowing sector
17 Household 333.4 480.5 526.7
18 Nonfinancial business 391.8 534.7 527.4
19 Corporate 270.6 417.2 404.9
20 Nonfarm noncorporate 115.0 109.8 115.3
21 Farm 6.2 7.7 7.2
22 State and local government 56.1 80.3 76.9
23 Foreign net borrowing in
United States 71.8 43.3 -25.6
24 Commercial paper 3.7 7.8 -4.7
25 Bonds 61.4 34.8 -21.5
26 Bank loans n.e.c. 8.5 6.7 9.8
27 Other loans and advances -1.8 -6.0 -9.1
28 Total domestic plus foreign 876.1 1,086.2 1,040.2
Financial sectors
29 Total net borrowing by
financial sectors 653.7 1,073.9 1,295.7
By instrument
30 Federal government-related 212.8 470.9 677.6
31 Government-sponsored
enterprise securities 98.4 278.3 510.5
32 Mortgage pool securities 114.5 192.6 167.1
33 Loans from U.S. government .0 .0 .0
34 Private 440.9 603.0 618.1
35 Open market paper 166.7 161.0 130.9
36 Corporate bonds 210.5 296.9 292.6
37 Bank loans n.e.c. 13.2 30.1 9.9
38 Other loans and advances 35.6 90.2 154.2
39 Mortgages 14.9 24.8 30.6
By borrowing sector
40 Commercial banking 46.1 72.9 65.3
41 Savings institutions 19.7 52.2 88.6
42 Credit unions .1 .6 .4
43 Life insurance companies .2 .7 1.8
44 Government-sponsored
enterprises 98.4 278.3 510.5
45 Federally related mortgage
pools 114.5 192.6 167.1
46 Issuers of asset-backed
securities (ABSs) 202.2 321.4 340.1
47 Finance companies 48.7 43.0 6.8
48 Mortgage companies -4.6 1.6 3.0
49 Real estate investment trusts
(REITs) 39.6 62.7 44.0
50 Brokers and dealers 8.1 7.2 12.4
51 Funding corporation 80.7 40.7 55.7
All sectors
52 Total net borrowing, all
sectors 1,529.8 2,160.1 2,335.9
53 Open market paper 184.1 193.1 83.2
54 U.S. government securities 235.9 418.3 612.4
55 Municipal securities 71.4 96.8 92.8
56 Corporate and foreign bonds 422.4 550.4 464.3
57 Bank loans n.e.c. 128.2 145.0 127.1
58 Other loans and advances 102.8 246.4 246.4
59 Mortgages 332.4 639.8 639.8
60 Consumer credit 52.5 67.6 69.9
Funds raised through mutual
funds and corporate equities
61 Total net issues 181.2 100.0 9.9
62 Corporate equities -83.9 -174.6 -215.6
63 Nonfinancial corporations -114.4 267.0 -491.3
64 Foreign shares purchased by
U.S. residents 57.6 101.2 330.2
65 Financial corporation -27.1 -8.9 -54.5
66 Mutual fund shares 265.1 274.6 225.5
1999
Transaction category or sector
Q1 Q2 Q3
Nonfinancial sectors
1 Total net borrowing by domestic
nonfinancial sectors 1,287.3 939.4 1,170.7
By sector and instrument
2 Federal government -83.4 -98.5 -71.4
3 Treasury securities -81.9 -99.1 -71.5
4 Budget agency securities and
mortgages -1.5 .6 .0
5 Nonfederal 1,361.8 1,037.9 1,242.2
By instrument
6 Commercial paper 58.3 -2.6 49.8
7 Municipal securities and loans 92.1 56.8 71.3
8 Corporate bonds 274.0 287.6 202.8
9 Bank loans n.e.c. 86.0 24.0 121.3
10 Other loans and advances 148.0 2.3 79.2
11 Mortgages 572.8 608.4 650.7
12 Home 411.8 440.8 480.0
13 Multifamily residential 35.5 33.1 44.2
14 Commercial 122.0 125.6 119.4
15 Farm 3.6 9.0 7.0
16 Consumer credit 130.5 61.4 76.2
By borrowing sector
17 Household 554.6 520.7 588.5
18 Nonfinancial business 727.4 473.5 601.3
19 Corporate 626.3 372.0 467.2
20 Nonfarm noncorporate 96.2 99.8 125.5
21 Farm 4.9 1.7 8.5
22 State and local government 79.8 43.6 52.5
23 Foreign net borrowing in
United States 30.7 -24.5 77.3
24 Commercial paper 18.0 -27.5 41.1
25 Bonds 15.4 .2 44.0
26 Bank loans n.e.c. .9 5.6 -6.6
27 Other loans and advances -3.5 -2.8 -1.1
28 Total domestic plus foreign 1,309.1 914.9 1,248.1
Financial sectors
29 Total net borrowing by
financial sectors 1,228.8 995.3 1,064.2
By instrument
30 Federal government-related 589.5 576.6 651.6
31 Government-sponsored
enterprise securities 193.0 304.7 407.1
32 Mortgage pool securities 396.6 271.9 244.5
33 Loans from U.S. government .0 .0 .0
34 Private 639.2 418.8 412.6
35 Open market paper 78.7 57.3 89.9
36 Corporate bonds 473.8 254.8 179.5
37 Bank loans n.e.c. -6.7 11.0 -5.9
38 Other loans and advances 73.3 107.9 139.8
39 Mortgages 20.1 -12.3 9.4
By borrowing sector
40 Commercial banking 46.1 61.5 107.0
41 Savings institutions 75.2 59.2 51.9
42 Credit unions 1.5 1.4 2.8
43 Life insurance companies 3.3 3.0 1.1
44 Government-sponsored
enterprises 193.0 304.7 407.1
45 Federally related mortgage
pools 396.6 271.9 244.5
46 Issuers of asset-backed
securities (ABSs) 289.7 301.5 220.5
47 Finance companies 77.0 90.5 -17.2
48 Mortgage companies -4.6 5.1 -6.1
49 Real estate investment trusts
(REITs) 25.6 -19.7 7.9
50 Brokers and dealers -31.1 -17.4 16.9
51 Funding corporation 156.5 -66.2 27.9
All sectors
52 Total net borrowing, all
sectors 2,537.8 1,910.2 2,312.3
53 Open market paper 155.1 27.2 180.7
54 U.S. government securities 506.1 478.1 580.1
55 Municipal securities 92.1 56.8 71.3
56 Corporate and foreign bonds 763.1 542.6 426.3
57 Bank loans n.e.c. 80.1 40.6 99.8
58 Other loans and advances 217.8 107.5 217.9
59 Mortgages 593.0 596.2 660.0
60 Consumer credit 130.5 61.4 76.2
Funds raised through mutual
funds and corporate equities
61 Total net issues 154.2 178.5 120.4
62 Corporate equities -86.4 -33.9 -7.0
63 Nonfinancial corporations -52.1 -338.4 -128.4
64 Foreign shares purchased by
U.S. residents -19.8 284.4 121.7
65 Financial corporation -14.5 20.2 -.3
66 Mutual fund shares 240.6 212.4 127.5
1999 2000
Transaction category or sector
Q4 Q1 Q2
Nonfinancial sectors
1 Total net borrowing by domestic
nonfinancial sectors 1,095.5 947.3 994.4
By sector and instrument
2 Federal government -31.5 -215.5 -414.0
3 Treasury securities -31.5 -213.5 -415.8
4 Budget agency securities and
mortgages .0 -2.1 1.8
5 Nonfederal 1,126.9 1,162.9 1,408.4
By instrument
6 Commercial paper 44.0 36.2 116.9
7 Municipal securities and loans 52.5 8.9 34.0
8 Corporate bonds 155.2 186.2 153.8
9 Bank loans n.e.c. 108.6 131.9 159.7
10 Other loans and advances 55.4 162.1 144.6
11 Mortgages 601.7 494.5 667.6
12 Home 398.9 346.2 500.6
13 Multifamily residential 47.9 31.5 36.6
14 Commercial 152.4 109.9 118.5
15 Farm 2.5 6.9 11.9
16 Consumer credit 109.5 143.1 131.8
By borrowing sector
17 Household 509.6 531.4 635.4
18 Nonfinancial business 583.7 627.7 747.9
19 Corporate 455.4 503.4 615.5
20 Nonfarm noncorporate 122.7 109.5 120.8
21 Farm 5.6 14.7 11.6
22 State and local government 33.6 3.8 25.0
23 Foreign net borrowing in
United States 17.6 116.9 -10.5
24 Commercial paper 33.6 56.7 10.9
25 Bonds -2.7 45.7 -29.6
26 Bank loans n.e.c. 2.3 15.4 6.1
27 Other loans and advances -15.5 -0.9 2.0
28 Total domestic plus foreign 1,113.1 1,064.1 983.8
Financial sectors
29 Total net borrowing by
financial sectors 1,063.4 618.3 842.9
By instrument
30 Federal government-related 550.3 249.2 356.4
31 Government-sponsored
enterprise securities 367.9 104.9 234.8
32 Mortgage pool securities 182.4 144.3 121.6
33 Loans from U.S. government .0 .0 .0
34 Private 513.0 369.2 486.5
35 Open market paper 479.0 130.9 77.4
36 Corporate bonds -21.0 166.5 268.1
37 Bank loans n.e.c. -55.6 0.3 8.8
38 Other loans and advances 107.5 64.4 122.3
39 Mortgages 3.2 7.0 10.0
By borrowing sector
40 Commercial banking 54.1 72.4 115.1
41 Savings institutions 5.8 40.6 56.3
42 Credit unions 3.3 -2.9 0.9
43 Life insurance companies -4.4 -0.7 -1.1
44 Government-sponsored
enterprises 367.9 104.9 234.8
45 Federally related mortgage
pools 182.4 144.3 121.6
46 Issuers of asset-backed
securities (ABSs) 124.2 166.0 193.2
47 Finance companies 99.2 52.3 157.6
48 Mortgage companies 6.2 -3.0 2.7
49 Real estate investment trusts
(REITs) 11.3 11.5 9.8
50 Brokers and dealers -37.3 44.4 -0.7
51 Funding corporation 250.6 -11.4 -47.4
All sectors
52 Total net borrowing, all
sectors 2,176.5 1,682.6 1,826.7
53 Open market paper 556.6 223.7 205.1
54 U.S. government securities 518.9 33.6 -57.6
55 Municipal securities 52.5 8.9 34.0
56 Corporate and foreign bonds 131.5 398.4 392.3
57 Bank loans n.e.c. 55.2 147.7 174.6
58 Other loans and advances 147.3 225.7 268.9
59 Mortgages 604.9 501.5 677.6
60 Consumer credit 109.5 143.1 131.8
Funds raised through mutual
funds and corporate equities
61 Total net issues 172.8 414.3 125.4
62 Corporate equities .0 105.2 -123.0
63 Nonfinancial corporations -55.0 62.8 62.8
64 Foreign shares purchased by
U.S. residents 71.3 63.3 135.0
65 Financial corporation -16.3 -20.8 -10.0
66 Mutual fund shares 172.8 309.0 248.4
(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 1994 1995 1996
NET LENDING IN CREDIT MARKETS(2)
1 Total net lending in credit markets 1,013.8 1,243.8 1,365.6
2 Domestic nonfederal nonfinancial
sectors 210.0 -61.3 80.5
3 Household 246.8 34.1 128.7
4 Nonfinancial corporate business 17.7 -8.8 -10.2
5 Nonfarm noncorporate business .6 4.7 -4.3
6 State and local governments -55.0 -91.4 -33.7
7 Federal government -27.4 -.2 -7.4
8 Rest of the world 132.3 273.9 414.4
9 Financial sectors 698.8 1,031.4 878.1
10 Monetary authority 31.5 12.7 12.3
11 Commercial banking 163.4 265.9 187.5
12 U.S.-chartered banks 148.1 186.5 119.6
13 Foreign banking offices in United
States 11.2 75.4 63.3
14 Bank holding companies .9 -.3 3.9
15 Banks in U.S.-affiliated areas 3.3 4.2 .7
16 Savings institutions 6.7 -7.6 19.9
17 Credit unions 28.1 16.2 25.5
18 Bank personal trusts and estates 7.1 -8.3 -7.7
19 Life insurance companies 72.0 100.0 69.6
20 Other insurance companies 24.9 21.5 22.5
21 Private pension funds 45.0 20.2 -5.8
22 State and local government
retirement funds 30.9 33.6 37.3
23 Money market mutual funds 30.0 86.5 88.8
24 Mutual funds -7.1 52.5 48.9
25 Closed-end funds -3.7 10.5 4.7
26 Government-sponsored enterprises 117.8 86.7 84.2
27 Federally related mortgage pools 115.4 98.2 141.1
28 Asset-backed securities issuers
(ABSs) 69.4 120.6 120.5
29 Finance companies 48.3 49.9 18.4
30 Mortgage companies -24.0 -3.4 8.2
31 Real estate investment trusts
(REITs) -.7 1.4 4.4
32 Brokers and dealers -44.2 90.1 -15.7
33 Funding corporations -12.1 -15.7 13.6
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 1,013.8 1,243.8 1,365.6
Other financial sources
35 Official foreign exchange -5.8 8.8 -6.3
36 Special drawing rights certificates .0 2.2 -.5
37 Treasury currency .7 .6 .1
38 Foreign deposits 52.9 35.3 85.9
39 Net interbank transactions 89.8 10.0 -51.6
40 Checkable deposits and currency -9.7 -12.8 15.7
41 Small time and savings deposits -39.9 96.6 97.2
42 Large time deposits 19.6 65.6 114.0
43 Money market fund shares 40.5 141.2 145.4
44 Security repurchase agreements 78.2 110.5 41.4
45 Corporate equities 12.8 -16.0 -5.7
46 Mutual fund shares 100.6 147.4 237.6
47 Trade payables 120.0 128.9 114.1
48 Security credit -.1 26.7 52.4
49 Life insurance reserves 35.5 45.8 44.5
50 Pension fund reserves 257.4 171.0 163.0
51 Taxes payable 2.6 6.2 16.0
52 Investment in bank personal trusts 17.8 4.0 -8.6
53 Noncorporate proprietors' equity 43.1 34.6 -3.4
54 Miscellaneous 273.2 489.4 525.7
55 Total financial sources 2,102.9 2,739.7 2,942.6
Liabilities not identified as
assets (-)
56 Treasury currency -.2 -.5 -.9
57 Foreign deposits 43.0 25.1 59.6
58 Net interbank liabilities -2.7 -3.l -3.3
59 Security repurchase agreements 73.5 25.7 4.1
60 Taxes payable 16.6 21.1 22.9
61 Miscellaneous -119.2 -180.9 -88.1
Floats not included in assets (-)
62 Federal government checkable deposits -4.8 -6.0 .5
63 Other checkable deposits -2.8 -3.8 -4.0
64 Trade credit 27.4 15.6 -21.2
65 Total identified to sectors as assets 2,072.1 2,846.6 2,973.1
1997 1998
Transaction category or sector 1997 1998
Q4
NET LENDING IN CREDIT MARKETS(2)
1 Total net lending in credit markets 1,529.8 2,160.1 2,335.9
2 Domestic nonfederal nonfinancial
sectors 17.1 131.8 -188.6
3 Household 31.8 -16.7 -375.6
4 Nonfinancial corporate business -12.7 14.0 44.5
5 Nonfarm noncorporate business -2.1 .1 .1
6 State and local governments .1 134.5 142.4
7 Federal government 5.1 13.5 11.8
8 Rest of the world 311.3 254.2 388.6
9 Financial sectors 1,196.3 1,760.6 2,124.1
10 Monetary authority 38.3 21.1 23.5
11 Commercial banking 324.3 305.2 493.3
12 U.S.-chartered banks 274.9 312.0 507.6
13 Foreign banking offices in United
States 40.2 -11.9 -17.6
14 Bank holding companies 5.4 -.9 -7.4
15 Banks in U.S.-affiliated areas 3.7 6.0 10.7
16 Savings institutions -4.7 36.3 111.0
17 Credit unions 16.8 19.0 20.4
18 Bank personal trusts and estates -25.0 -12.8 -13.5
19 Life insurance companies 104.8 76.9 79.0
20 Other insurance companies 25.2 20.4 67.6
21 Private pension funds 19.5 57.8 108.3
22 State and local government
retirement funds 63.8 71.5 51.4
23 Money market mutual funds 87.5 244.0 345.7
24 Mutual funds 80.9 124.8 106.3
25 Closed-end funds -2.9 4.5 4.5
26 Government-sponsored enterprises 94.3 261.7 415.2
27 Federally related mortgage pools 114.5 192.6 167.1
28 Asset-backed securities issuers
(ABSs) 163.8 281.7 317.2
29 Finance companies 21.9 51.9 75.8
30 Mortgage companies -9.1 3.2 6.0
31 Real estate investment trusts
(REITs) 20.2 -5.1 -40.8
32 Brokers and dealers 14.9 6.8 -210.3
33 Funding corporations 47.4 -1.0 -3.5
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 1,529.8 2,160.1 2,335.9
Other financial sources
35 Official foreign exchange .7 6.6 8.6
36 Special drawing rights certificates -.5 .0 .0
37 Treasury currency .0 .0 -2.3
38 Foreign deposits 108.9 2.0 -127.6
39 Net interbank transactions -19.7 -32.3 -115.2
40 Checkable deposits and currency 41.2 47.4 53.2
41 Small time and savings deposits 97.1 152.4 298.3
42 Large time deposits 122.5 92.1 83.6
43 Money market fund shares 155.9 287.2 289.4
44 Security repurchase agreements 120.9 91.3 -207.7
45 Corporate equities -83.9 -174.6 -215.6
46 Mutual fund shares 265.1 274.6 225.5
47 Trade payables 131.2 27.0 -35.7
48 Security credit 111.0 103.3 -19.3
49 Life insurance reserves 59.3 48.0 68.9
50 Pension fund reserves 278.8 248.7 282.6
51 Taxes payable 15.6 11.8 8.0
52 Investment in bank personal trusts -56.3 -48.0 -48.8
53 Noncorporate proprietors' equity -43.7 -46.7 -16.3
54 Miscellaneous 499.6 836.2 530.5
55 Total financial sources 3,333.6 4,086.9 3,395.8
Liabilities not identified as
assets (-)
56 Treasury currency -.6 -.7 -3.4
57 Foreign deposits 107.4 -6.4 -142.5
58 Net interbank liabilities -19.9 3.4 -38.7
59 Security repurchase agreements 64.3 61.4 -18.1
60 Taxes payable 27.9 13.7 12.8
61 Miscellaneous -82.0 -54.3 54.1
Floats not included in assets (-)
62 Federal government checkable deposits -2.7 2.6 17.1
63 Other checkable deposits -3.9 -3.1 -1.8
64 Trade credit -29.4 -42.1 -32.2
65 Total identified to sectors as assets 3,272.5 4,112.5 3,548.5
1999
Transaction category or sector
Q1 Q2 Q3
NET LENDING IN CREDIT MARKETS(2)
1 Total net lending in credit markets 2,537.8 1,910.2 2,312.3
2 Domestic nonfederal nonfinancial
sectors 507.8 380.4 268.7
3 Household 305.5 280.3 265.1
4 Nonfinancial corporate business 67.0 17.8 45.2
5 Nonfarm noncorporate business 2.8 1.2 .8
6 State and local governments 132.5 81.0 -42.4
7 Federal government 17.0 6.7 11.2
8 Rest of the world 256.9 61.6 385.3
9 Financial sectors 1,756.2 1,461.5 1,647.0
10 Monetary authority 64.5 59.8 20.6
11 Commercial banking 68.1 166.6 449.4
12 U.S.-chartered banks 131.5 259.4 421.9
13 Foreign banking offices in United
States -53.1 -102.5 33.2
14 Bank holding companies -6.0 .4 -12.4
15 Banks in U.S.-affiliated areas -4.4 9.2 6.6
16 Savings institutions 111.0 85.3 58.1
17 Credit unions 30.9 32.7 27.5
18 Bank personal trusts and estates -7.6 -8.4 -8.6
19 Life insurance companies 78.4 68.2 36.8
20 Other insurance companies -19.7 26.7 -14.4
21 Private pension funds 57.5 86.6 32.0
22 State and local government
retirement funds 76.0 25.1 40.0
23 Money market mutual funds 215.7 -67.0 224.8
24 Mutual funds 97.4 117.2 -13.0
25 Closed-end funds 3.1 3.1 3.1
26 Government-sponsored enterprises 189.1 251.5 280.7
27 Federally related mortgage pools 396.6 271.9 244.5
28 Asset-backed securities issuers
(ABSs) 272.1 284.8 212.0
29 Finance companies 85.3 88.1 91.7
30 Mortgage companies -9.1 10.2 -12.1
31 Real estate investment trusts
(REITs) 1.7 -2.2 -2.7
32 Brokers and dealers 34.6 -119.7 -22.2
33 Funding corporations 10.5 81.1 -1.1
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 2,537.8 1,910.2 2,312.3
Other financial sources
35 Official foreign exchange -14.0 -5.4 -8.5
36 Special drawing rights certificates -4.0 .0 -4.0
37 Treasury currency .0 2.1 2.0
38 Foreign deposits 113.7 110.1 69.4
39 Net interbank transactions 48.3 93.4 -33.5
40 Checkable deposits and currency 63.6 37.5 139.3
41 Small time and savings deposits -74.8 106.6 119.1
42 Large time deposits 18.0 42.4 102.7
43 Money market fund shares 221.3 115.3 174.3
44 Security repurchase agreements 258.0 -26.1 135.9
45 Corporate equities -86.4 -33.9 -7.0
46 Mutual fund shares 240.6 212.4 127.5
47 Trade payables 121.7 253.3 216.9
48 Security credit -62.2 139.7 18.9
49 Life insurance reserves 55.4 42.1 48.1
50 Pension fund reserves 204.5 248.8 266.7
51 Taxes payable -2.1 42.5 -1.1
52 Investment in bank personal trusts -32.0 -25.9 -34.3
53 Noncorporate proprietors' equity -19.2 4.1 -71.2
54 Miscellaneous 398.5 1,393.1 499.2
55 Total financial sources 3,986.7 4,662.0 4,072.6
Liabilities not identified as
assets (-)
56 Treasury currency -1.5 .6 .2
57 Foreign deposits 49.3 96.1 26.4
58 Net interbank liabilities 49.7 -4.8 -7.0
59 Security repurchase agreements 213.5 54.3 77.8
60 Taxes payable -9.1 20.1 1.5
61 Miscellaneous -533.0 -289.9 -466.9
Floats not included in assets (-)
62 Federal government checkable deposits -2.1 -27.0 8.6
63 Other checkable deposits -2.1 -.9 -.3
64 Trade credit 45.6 -18.1 60.4
65 Total identified to sectors as assets 4,176.3 4,831.5 4,371.9
1999 2000
Transaction category or sector
Q4 Q1 Q2
NET LENDING IN CREDIT MARKETS(2)
1 Total net lending in credit markets 2,176.5 1,682.6 1,826.7
2 Domestic nonfederal nonfinancial
sectors 29.3 -104.3 263.4
3 Household 38.5 -172.9 180.7
4 Nonfinancial corporate business -13.0 63.8 38.5
5 Nonfarm noncorporate business 1.4 2.6 2.8
6 State and local governments 2.4 2.3 41.4
7 Federal government -11.8 6.2 8.2
8 Rest of the world 138.7 334.9 185.6
9 Financial sectors 2,020.3 1,445.7 1,369.5
10 Monetary authority -42.2 103.4 -3.9
11 Commercial banking 548.7 377.1 484.7
12 U.S.-chartered banks 457.7 409.2 505.8
13 Foreign banking offices in United
States 42.0 4.8 -29.9
14 Bank holding companies 42.6 -42.2 3.5
15 Banks in U.S.-affiliated areas 6.3 5.4 5.4
16 Savings institutions 20.2 50.2 72.9
17 Credit unions 18.8 39.9 40.7
18 Bank personal trusts and estates -9.1 -9.5 -9.9
19 Life insurance companies 30.7 57.2 54.1
20 Other insurance companies -9.4 -14.0 -13.6
21 Private pension funds 54.0 46.1 .2
22 State and local government
retirement funds 58.2 55.3 17.1
23 Money market mutual funds 354.5 208.8 -156.2
24 Mutual funds -12.7 -80.8 55.0
25 Closed-end funds 3.1 3.1 3.1
26 Government-sponsored enterprises 221.0 138.2 215.1
27 Federally related mortgage pools 182.4 144.3 121.6
28 Asset-backed securities issuers
(ABSs) 94.4 145.3 158.7
29 Finance companies 114.4 132.9 145.5
30 Mortgage companies 12.3 -6.0 5.5
31 Real estate investment trusts
(REITs) -7.0 -16.3 -2.5
32 Brokers and dealers -15.9 106.9 33.8
33 Funding corporations 403.8 -36.3 147.5
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 2,176.5 1,682.6 1,826.7
Other financial sources
35 Official foreign exchange -7.0 1.5 -8.8
36 Special drawing rights certificates -4.0 .0 -8.0
37 Treasury currency -4.1 2.2 -2.3
38 Foreign deposits 52.7 258.5 -1.1
39 Net interbank transactions -43.3 -75.8 202.0
40 Checkable deposits and currency 365.2 -219.1 -61.1
41 Small time and savings deposits 28.0 109.1 132.2
42 Large time deposits 359.4 149.2 108.5
43 Money market fund shares 485.5 241.0 48.2
44 Security repurchase agreements 319.0 276.1 134.8
45 Corporate equities .0 105.2 -123.0
46 Mutual fund shares 172.8 309.0 248.4
47 Trade payables 137.0 213.7 213.2
48 Security credit 277.8 566.3 -138.6
49 Life insurance reserves 57.6 38.0 44.3
50 Pension fund reserves 294.6 258.0 240.8
51 Taxes payable 22.5 24.8 24.7
52 Investment in bank personal trusts -32.3 -40.4 -41.0
53 Noncorporate proprietors' equity -2.2 -27.4 -28.7
54 Miscellaneous 502.2 1,024.6 879.9
55 Total financial sources 5,157.9 4,897.2 3,691.2
Liabilities not identified as
assets (-)
56 Treasury currency -6.3 -1.8 -6.2
57 Foreign deposits 93.9 179.0 -67.2
58 Net interbank liabilities -23.7 24.4 -4.1
59 Security repurchase agreements -217.3 550.0 -11.5
60 Taxes payable -.7 10.0 -.3
61 Miscellaneous -71.3 -340.3 -250.2
Floats not included in assets (-)
62 Federal government checkable deposits -9.2 28.7 -2.6
63 Other checkable deposits .0 .6 1.5
64 Trade credit 111.4 2.7 10.8
65 Total identified to sectors as assets 5,281.1 4,443.9 4,021.1
(1.) Data in this table also appear in the Board's Z.1 (780) quarterly
statistical release, tables F.1 and F. 5. For ordering address, see
inside front cover.
(2.) Excludes corporate equities and mutual fund shares.
1.59 SUMMARY OF CREDIT MARKET DEBT OUTSTANDING(1)
Billions of dollars, end of period
Transaction category or sector 1995 1996 1997
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors 13,712.9 14,444.2 15,247.0
By sector and instrument
2 Federal government 3,636.7 3,781.8 3,804.9
3 Treasury securities 3,608.5 3,755.1 3,778.3
4 Budget agency securities and
mortgages 28.2 26.6 26.5
5 Nonfederal 10,076.1 10,662.5 11,442.1
By instrument
6 Commercial paper 157.4 156.4 168.6
7 Municipal securities and loans 1,293.5 1,296.0 1,367.5
8 Corporate bonds 1,344.1 1,460.4 1,610.9
9 Bank loans n.e.c. 863.6 934.1 1,040.5
10 Other loans and advances 736.9 770.4 839.5
11 Mortgages 4,557.9 4,833.6 5,151.1
12 Home 3,510.5 3,719.2 3,971.5
13 Multifamily residential 265.5 278.6 286.9
14 Commercial 697.3 748.7 802.3
15 Farm 84.6 87.1 90.3
16 Consumer credit 1,122.8 1,211.6 1,264.1
By borrowing sector
17 Household 4,782.9 5,105.3 5,442.8
18 Nonfinancial business 4,223.0 4,493.7 4,879.9
19 Corporate 2,925.5 3,107.7 3,372.7
20 Nonfarm noncorporate 1,152.4 1,236.1 1,351.1
21 Farm 145.1 149.9 156.1
22 State and local government 1,070.2 1,063.4 1,119.5
23 Foreign credit market debt held in
United States 453.7 542.2 608.0
24 Commercial paper 56.2 67.5 65.1
25 Bonds 299.4 366.3 427.7
26 Bank loans n.e.c. 34.6 43.7 52.1
27 Other loans and advances 63.6 64.7 63.0
28 Total credit market debt owed by
nonfinancial sectors, domestic
and foreign 14,166.5 14,986.4 15,855.0
Financial sectors
29 Total credit market debt owed by
financial sectors 4,278.8 4,824.6 5,445.2
By instrument
30 Federal government-related 2,376.8 2,608.3 2,821.1
31 Government-sponsored enterprise
securities 806.5 896.9 995.3
32 Mortgage pool securities 1,570.3 1,711.4 1,825.8
33 Loans from U.S. government .0 .0 .0
34 Private 1,901.9 2,216.3 2,624.1
35 Open market paper 486.9 579.1 745.7
36 Corporate bonds 1,204.7 1,378.4 1,555.9
37 Bank loans n.e.c. 51.4 64.0 77.2
38 Other loans and advances 135.0 162.9 198.5
39 Mortgages 24.1 31.9 46.8
By borrowing sector
40 Commercial banks 102.6 113.6 140.6
41 Bank holding companies 148.0 150.0 168.6
42 Savings institutions 115.0 140.5 160.3
43 Credit unions .4 .4 .6
44 Life insurance companies .5 1.6 1.8
45 Government-sponsored enterprises 806.5 896.9 995.3
46 Federally related mortgage pools 1,570.3 1,711.4 1,825.8
47 Issuers of asset-backed securities
(ABSs) 712.5 863.3 1,076.6
48 Brokers and dealers 29.3 27.3 35.3
49 Finance companies 483.9 529.8 554.5
50 Mortgage companies 16.5 20.6 16.0
51 Real estate investment masts
(REITs) 44.6 56.5 96.1
52 Funding corporations 248.6 312.7 373.7
All sectors
53 Total credit market debt, domestic
and foreign 18,445.3 19,811.0 21,300.2
54 Open market paper 700.4 803.0 979.4
55 U.S. government securities 6,013.6 6,390.0 6,626.0
56 Municipal securities 1,293.5 1,296.0 1,367.5
57 Corporate and foreign bonds 2,848.1 3,205.1 3,594.5
58 Bank loans n.e.c. 949.6 1,041.7 1,169.8
59 Other loans and advances 935.4 998.0 1,101.0
60 Mortgages 4,581.9 4,865.5 5,197.9
61 Consumer credit 1,122.8 1,211.6 1,264.1
1998 1999
Transaction category or sector 1998
Q4 Q1
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors 16,289.9 16,289.9 16,605.6
By sector and instrument
2 Federal government 3,752.2 3,752.2 3,759.7
3 Treasury securities 3,723.7 3,723.7 3,731.6
4 Budget agency securities and
mortgages 28.5 28.5 28.1
5 Nonfederal 12,537.7 12,537.7 12,845.9
By instrument
6 Commercial paper 193.0 193.0 223.9
7 Municipal securities and loans 1,464.3 1,464.3 1,491.0
8 Corporate bonds 1,829.6 1,829.6 1,898.1
9 Bank loans n.e.c. 1,148.8 1,148.8 1,165.2
10 Other loans and advances 913.8 913.8 957.4
11 Mortgages 5,656.6 5,656.6 5,791.1
12 Home 4,358.4 4,358.4 4,451.2
13 Multifamily residential 307.3 307.3 316.4
14 Commercial 894.4 894.4 926.1
15 Farm 96.5 96.5 97.4
16 Consumer credit 1,331.7 1,331.7 1,319.3
By borrowing sector
17 Household 5,924.6 5,924.6 6,004.8
18 Nonfinancial business 5,413.3 5,413.3 5,617.9
19 Corporate 3,788.5 3,788.5 3,970.3
20 Nonfarm noncorporate 1,460.9 1,460.9 1,485.2
21 Farm 163.8 163.8 162.4
22 State and local government 1,199.8 1,199.8 1,223.2
23 Foreign credit market debt held in
United States 651.4 651.4 659.2
24 Commercial paper 72.9 72.9 77.2
25 Bonds 462.5 462.5 466.3
26 Bank loans n.e.c. 58.9 58.9 59.1
27 Other loans and advances 57.2 57.2 56.5
28 Total credit market debt owed by
nonfinancial sectors, domestic
and foreign 16,941.3 16,941.3 17,264.7
Financial sectors
29 Total credit market debt owed by
financial sectors 6,519.1 6,519.1 6,809.0
By instrument
30 Federal government-related 3,292.0 3,292.0 3,434.1
31 Government-sponsored enterprise
securities 1,273.6 1,273.6 1,321.8
32 Mortgage pool securities 2,018.4 2,018.4 2,112.3
33 Loans from U.S. government .0 .0 .0
34 Private 3,227.1 3,227.1 3,374.9
35 Open market paper 906.7 906.7 926.4
36 Corporate bonds 1,852.8 1,852.8 1,968.6
37 Bank loans n.e.c. 107.2 107.2 104.1
38 Other loans and advances 288.7 288.7 299.1
39 Mortgages 71.6 71.6 76.6
By borrowing sector
40 Commercial banks 188.6 188.6 187.5
41 Bank holding companies 193.5 193.5 202.6
42 Savings institutions 212.4 212.4 226.9
43 Credit unions 1.1 1.1 1.5
44 Life insurance companies 2.5 2.5 3.3
45 Government-sponsored enterprises 1,273.6 1,273.6 1,321.8
46 Federally related mortgage pools 2,018.4 2,018.4 2,112.3
47 Issuers of asset-backed securities
(ABSs) 1,398.0 1,398.0 1,463.1
48 Brokers and dealers 42.5 42.5 34.8
49 Finance companies 597.5 597.5 614.4
50 Mortgage companies 17.7 17.7 16.5
51 Real estate investment masts
(REITs) 158.8 158.8 165.2
52 Funding corporations 414.4 414.4 459.1
All sectors
53 Total credit market debt, domestic
and foreign 23,460.4 23,460.4 24,073.7
54 Open market paper 1,172.6 1,172.6 1,227.6
55 U.S. government securities 7,044.3 7,044.3 7,193.8
56 Municipal securities 1,464.3 1,464.3 1,491.0
57 Corporate and foreign bonds 4,144.9 4,144.9 4,333.0
58 Bank loans n.e.c. 1,314.9 1,314.9 1,328.3
59 Other loans and advances 1,259.6 1,259.6 1,313.0
60 Mortgages 5,728.2 5,728.2 5,867.7
61 Consumer credit 1,331.7 1,331.7 1,319.3
1999
Transaction category or sector
Q2 Q3 Q4
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors 16,785.1 17,105.5 17,445.6
By sector and instrument
2 Federal government 3,651.7 3,632.7 3,681.0
3 Treasury securities 3,623.4 3,604.5 3,652.8
4 Budget agency securities and
mortgages 28.3 28.3 28.3
5 Nonfederal 13,133.4 13,472.8 13,764.5
By instrument
6 Commercial paper 232.4 239.3 230.3
7 Municipal securities and loans 1,510.0 1,518.6 1,532.5
8 Corporate bonds 1,970.0 2,020.7 2,059.5
9 Bank loans n.e.c. 1,178.5 1,202.9 1,231.5
10 Other loans and advances 956.0 969.8 985.3
11 Mortgages 5,946.2 6,151.4 6,299.4
12 Home 4,564.4 4,694.1 4,791.3
13 Multifamily residential 324.6 335.7 347.7
14 Commercial 957.5 1,020.3 1,058.4
15 Farm 99.6 101.4 102.0
16 Consumer credit 1,340.4 1,370.1 1,426.2
By borrowing sector
17 Household 6,147.2 6,313.3 6,469.1
18 Nonfinancial business 5,748.0 5,917.1 6,043.3
19 Corporate 4,071.6 4,207.6 4,302.2
20 Nonfarm noncorporate 1,510.2 1,540.9 1,572.0
21 Farm 166.1 168.6 169.0
22 State and local government 1,238.2 1,242.4 1,252.1
23 Foreign credit market debt held in
United States 652.7 672.9 676.9
24 Commercial paper 70.1 81.8 89.2
25 Bonds 466.4 477.4 476.7
26 Bank loans n.e.c. 60.5 58.8 59.4
27 Other loans and advances 55.8 55.0 51.7
28 Total credit market debt owed by
nonfinancial sectors, domestic
and foreign 17,437.8 17,778.5 18,122.5
Financial sectors
29 Total credit market debt owed by
financial sectors 7,073.3 7,346.8 7,607.0
By instrument
30 Federal government-related 3,580.7 3,745.9 3,884.0
31 Government-sponsored enterprise
securities 1,398.0 1,499.8 1,591.7
32 Mortgage pool securities 2,182.7 2,246.1 2,292.3
33 Loans from U.S. government .0 .0 .0
34 Private 3,492.6 3,601.0 3,723.0
35 Open market paper 940.9 963.4 1,082.9
36 Corporate bonds 2,042.8 2,091.1 2,074.6
37 Bank loans n.e.c. 106.8 105.2 92.9
38 Other loans and advances 328.6 365.4 395.8
39 Mortgages 73.6 75.9 76.7
By borrowing sector
40 Commercial banks 202.7 224.2 230.0
41 Bank holding companies 205.5 211.8 219.3
42 Savings institutions 241.6 255.4 260.4
43 Credit unions 1.8 2.5 3.4
44 Life insurance companies 4.0 4.3 3.2
45 Government-sponsored enterprises 1,398.0 1,499.8 1,591.7
46 Federally related mortgage pools 2,182.7 2,246.1 2,292.3
47 Issuers of asset-backed securities
(ABSs) 1,539.9 1,599.1 1,632.0
48 Brokers and dealers 30.4 34.6 25.3
49 Finance companies 639.2 628.5 659.9
50 Mortgage companies 17.8 16.3 17.8
51 Real estate investment masts
(REITs) 160.3 162.2 165.1
52 Funding corporations 449.5 462.0 506.6
All sectors
53 Total credit market debt, domestic
and foreign 24,511.1 25,125.3 25,729.5
54 Open market paper 1,243.3 1,284.5 1,402.4
55 U.S. government securities 7,232.4 7,378.6 7,565.0
56 Municipal securities 1,510.0 1,518.6 1,532.5
57 Corporate and foreign bonds 4,479.2 4,589.1 4,610.8
58 Bank loans n.e.c. 1,345.7 1,366.9 1,383.8
59 Other loans and advances 1,340.3 1,390.1 1,432.7
60 Mortgages 6,019.8 6,227.3 6,376.1
61 Consumer credit 1,340.4 1,370.1 1,426.2
2000
Transaction category or sector
Q1 Q2
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors 17,680.1 17,865.1
By sector and instrument
2 Federal government 3,653.5 3,464.0
3 Treasury securities 3,625.8 3,435.7
4 Budget agency securities and
mortgages 27.8 28.2
5 Nonfederal 14,026.6 14,401.2
By instrument
6 Commercial paper 260.8 296.8
7 Municipal securities and loans 1,539.2 1,551.6
8 Corporate bonds 2,106.0 2,144.5
9 Bank loans n.e.c. 1,259.1 1,306.4
10 Other loans and advances 1,032.4 1,066.2
11 Mortgages 6,412.8 6,582.1
12 Home 4,867.7 4,995.2
13 Multifamily residential 355.5 364.7
14 Commercial 1,085.8 1,115.5
15 Farm 103.7 106.7
16 Consumer credit 1,416.2 1,453.6
By borrowing sector
17 Household 6,541.9 6,710.9
18 Nonfinancial business 6,227.4 6,423.6
19 Corporate 4,457.6 4,617.5
20 Nonfarm noncorporate 1,599.7 1,629.9
21 Farm 170.1 176.1
22 State and local government 1,257.3 1,266.7
23 Foreign credit market debt held in
United States 704.6 698.9
24 Commercial paper 101.6 101.2
25 Bonds 488.1 480.7
26 Bank loans n.e.c. 63.3 64.8
27 Other loans and advances 51.7 52.1
28 Total credit market debt owed by
nonfinancial sectors, domestic
and foreign 18,384.7 18,564.0
Financial sectors
29 Total credit market debt owed by
financial sectors 7,744.5 7,970.9
By instrument
30 Federal government-related 3,940.3 4,032.0
31 Government-sponsored enterprise
securities 1,618.0 1,676.7
32 Mortgage pool securities 2,322.3 2,355.4
33 Loans from U.S. government .0 .0
34 Private 3,804.2 3,938.9
35 Open market paper 1,115.7 1,135.2
36 Corporate bonds 2,114.2 2,192.5
37 Bank loans n.e.c. 91.4 93.6
38 Other loans and advances 404.4 436.7
39 Mortgages 78.5 81.0
By borrowing sector
40 Commercial banks 242.2 265.9
41 Bank holding companies 221.4 229.3
42 Savings institutions 266.9 280.0
43 Credit unions 2.6 2.9
44 Life insurance companies 3.0 2.7
45 Government-sponsored enterprises 1,618.0 1,676.7
46 Federally related mortgage pools 2,322.3 2,355.4
47 Issuers of asset-backed securities
(ABSs) 1,665.8 1,716.0
48 Brokers and dealers 36.4 36.2
49 Finance companies 670.7 712.7
50 Mortgage companies 17.1 17.8
51 Real estate investment masts
(REITs) 167.9 170.4
52 Funding corporations 510.1 505.1
All sectors
53 Total credit market debt, domestic
and foreign 26,129.2 26,534.9
54 Open market paper 1,478.1 1,533.3
55 U.S. government securities 7,593.8 7,496.0
56 Municipal securities 1,539.2 1,551.6
57 Corporate and foreign bonds 4,708.3 4,817.7
58 Bank loans n.e.c. 1,413.7 1,464.7
59 Other loans and advances 1,488.5 1,555.0
60 Mortgages 6,491.3 6,663.1
61 Consumer credit 1,416.2 1,453.6
(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 1995 1996 1997
CREDIT MARKET DEBT OUTSTANDING(2)
1 Total credit market assets 18,445.3 19,811.0 21,300.2
2 Domestic nonfederal nonfinancial
sectors 2,905.5 3,031.3 3,004.7
3 Household 1,944.3 2,118.3 2,106.4
4 Nonfinancial corporate business 280.4 270.2 257.5
5 Nonfarm noncorporate business 42.3 38.0 35.9
6 State and local governments 638.6 604.8 605.0
7 Federal government 207.5 200.2 205.5
8 Rest of the world 1,531.1 1,926.6 2,257.3
9 Financial sectors 13,801.1 14,652.9 15,832.7
10 Monetary authority 380.8 393.1 431.4
11 Commercial banking 3,520.1 3,707.7 4,031.9
12 U.S.-chartered banks 3,056.1 3,175.8 3,450.7
13 Foreign banking offices in
United States 412.6 475.8 516.1
14 Bank holding companies 18.0 22.0 27.4
15 Banks in U.S.-affiliated areas 33.4 34.1 37.8
16 Savings institutions 913.3 933.2 928.5
17 Credit unions 263.0 288.5 305.3
18 Bank personal trusts and estates 239.7 232.0 207.0
19 Life insurance companies 1,587.5 1,657.0 1,751.1
20 Other insurance companies 468.7 491.2 515.3
21 Private pension funds 633.1 627.3 646.8
22 State and local government
retirement funds 531.0 568.2 632.0
23 Money market mutual funds 545.5 634.3 721.9
24 Mutual funds 771.3 820.2 901.1
25 Closed-end funds 96.4 101.1 98.3
26 Government-sponsored enterprises 750.0 807.9 902.2
27 Federally related mortgage pools 1,570.3 1,711.4 1,825.8
28 Asset-backed securities issuers
(ABSs) 653.4 773.9 937.7
29 Finance companies 526.2 544.5 566.4
30 Mortgage companies 33.0 41.2 32.1
31 Real estate investment trusts
(REITs) 26.0 30.4 50.6
32 Brokers and dealers 183.4 167.7 182.6
33 Funding corporations 108.4 122.0 164.7
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 18,445.3 19,811.0 21,300.2
Other liabilities
35 Official foreign exchange 63.7 53.7 48.9
36 Special drawing rights certificates 10.2 9.7 9.2
37 Treasury currency 18.2 18.3 18.3
38 Foreign deposits 418.8 521.7 619.7
39 Net interbank liabilities 290.7 240.8 219.4
40 Checkable deposits and currency 1,229.1 1,244.8 1,286.1
41 Small time and savings deposits 2,279.7 2,377.0 2,474.1
42 Large time deposits 476.9 590.9 713.4
43 Money market fund shares 741.3 886.7 1,042.5
44 Security repurchase agreements 660.0 701.5 822.4
45 Mutual fund shares 1,852.8 2,342.4 2,989.4
46 Security credit 305.7 358.1 469.1
47 Life insurance reserves 566.2 610.6 665.0
48 Pension fund reserves 5,812.7 6,548.4 7,817.1
49 Trade payables 1,698.0 1,812.1 1,943.3
50 Taxes payable 107.6 123.6 139.2
51 Investment in bank personal trusts 803.0 871.7 942.5
52 Miscellaneous 5,838.0 6,231.3 6,571.9
53 Total liabilities 41,617.9 45,354.2 50,091.7
Financial assets not included in
liabilities (+)
54 Gold and special drawing rights 22.1 21.4 21.1
55 Corporate equities 8,495.7 10,255.8 13,201.3
56 Household equity in noncorporate
business 3,671.6 3,876.6 4,151.1
Liabilities not identified as
assets (-)
57 Treasury currency -5.8 -6.7 -7.3
58 Foreign deposits 360.2 437.0 538.3
59 Net interbank transactions -9.0 -10.6 -32.2
60 Security repurchase agreements 107.4 111.5 175.8
61 Taxes payable 62.4 76.7 92.3
62 Miscellaneous -1,167.5 -1,630.7 -1,996.0
Floats not included in assets (-)
63 Federal government checkable
deposits 3.1 -1.6 -8.1
64 Other checkable deposits 34.2 30.1 26.2
65 Trade credit 196.8 174.6 135.5
66 Total identified to sectors as
assets 54,225.6 60,327.7 68,540.7
1998 1999
Transaction category or sector 1998
Q4 Q1
CREDIT MARKET DEBT OUTSTANDING(2)
1 Total credit market assets 23,460.4 23,460.4 24,073.7
2 Domestic nonfederal nonfinancial
sectors 3,108.2 3,108.2 3,208.2
3 Household 2,061.4 2,061.4 2,133.5
4 Nonfinancial corporate business 271.5 271.5 266.1
5 Nonfarm noncorporate business 35.9 35.9 36.6
6 State and local governments 739.4 739.4 772.1
7 Federal government 219.1 219.1 223.3
8 Rest of the world 2,539.8 2,539.8 2,608.3
9 Financial sectors 17,593.3 17,593.3 18,033.8
10 Monetary authority 452.5 452.5 466.0
11 Commercial banking 4,335.7 4,335.7 4,338.4
12 U.S.-chartered banks 3,761.2 3,761.2 3,782.9
13 Foreign banking offices in
United States 504.2 504.2 487.8
14 Bank holding companies 26.5 26.5 25.0
15 Banks in U.S.-affiliated areas 43.8 43.8 42.7
16 Savings institutions 964.8 964.8 990.8
17 Credit unions 324.2 324.2 330.2
18 Bank personal trusts and estates 194.1 194.1 192.2
19 Life insurance companies 1,828.0 1,828.0 1,853.5
20 Other insurance companies 535.7 535.7 530.8
21 Private pension funds 704.7 704.7 719.0
22 State and local government
retirement funds 703.6 703.6 722.6
23 Money market mutual funds 965.9 965.9 1,036.2
24 Mutual funds 1,025.9 1,025.9 1,050.8
25 Closed-end funds 102.8 102.8 103.6
26 Government-sponsored enterprises 1,163.9 1,163.9 1,203.1
27 Federally related mortgage pools 2,018.4 2,018.4 2,112.3
28 Asset-backed securities issuers
(ABSs) 1,219.4 1,219.4 1,280.1
29 Finance companies 618.4 618.4 639.9
30 Mortgage companies 35.3 35.3 33.0
31 Real estate investment trusts
(REITs) 45.5 45.5 45.9
32 Brokers and dealers 189.4 189.4 211.4
33 Funding corporations 165.2 165.2 174.1
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 23,460.4 23,460.4 24,073.7
Other liabilities
35 Official foreign exchange 60.1 60.1 53.6
36 Special drawing rights certificates 9.2 9.2 8.2
37 Treasury currency 18.3 18.3 18.3
38 Foreign deposits 639.0 639.0 667.4
39 Net interbank liabilities 189.0 189.0 182.0
40 Checkable deposits and currency 1,333.4 1,333.4 1,310.5
41 Small time and savings deposits 2,626.5 2,626.5 2,637.6
42 Large time deposits 805.5 805.5 804.3
43 Money market fund shares 1,329.7 1,329.7 1,411.7
44 Security repurchase agreements 913.7 913.7 980.3
45 Mutual fund shares 3,610.5 3,610.5 3,758.1
46 Security credit 572.3 572.3 552.7
47 Life insurance reserves 718.3 718.3 735.9
48 Pension fund reserves 8,912.7 8,912.7 9,064.9
49 Trade payables 1,970.3 1,970.3 1,973.9
50 Taxes payable 151.0 151.0 158.2
51 Investment in bank personal trusts 1,001.0 1,001.0 1,012.5
52 Miscellaneous 7,133.9 7,133.9 7,131.6
53 Total liabilities 55,454.8 55,454.8 56,535.3
Financial assets not included in
liabilities (+)
54 Gold and special drawing rights 21.6 21.6 20.7
55 Corporate equities 15,427.8 15,427.8 15,919.1
56 Household equity in noncorporate
business 4,400.8 4,400.8 4,460.5
Liabilities not identified as
assets (-)
57 Treasury currency -8.0 -8.0 -8.4
58 Foreign deposits 548.2 548.2 560.5
59 Net interbank transactions -27.0 -27.0 -11.3
60 Security repurchase agreements 237.2 237.2 296.7
61 Taxes payable 101.5 101.5 89.2
62 Miscellaneous -2,539.2 -2,539.2 -2,755.0
Floats not included in assets (-)
63 Federal government checkable
deposits -3.9 -3.9 -7.2
64 Other checkable deposits 23.1 23.1 18.9
65 Trade credit 94.5 94.5 56.3
66 Total identified to sectors as
assets 76,878.6 76,878.6 78,696.0
1999
Transaction category or sector
Q2 Q3 Q4
CREDIT MARKET DEBT OUTSTANDING(2)
1 Total credit market assets 24,511.1 25,125.3 25,729.5
2 Domestic nonfederal nonfinancial
sectors 3,277.3 3,343.4 3,474.9
3 Household 2,172.2 2,235.9 2,353.9
4 Nonfinancial corporate business 273.3 288.4 300.7
5 Nonfarm noncorporate business 36.9 37.1 37.5
6 State and local governments 794.8 781.9 782.8
7 Federal government 225.0 260.7 258.0
8 Rest of the world 2,621.3 2,718.1 2,678.0
9 Financial sectors 18,387.5 18,803.0 19,318.6
10 Monetary authority 485.1 489.3 478.1
11 Commercial banking 4,383.4 4,488.3 4,643.9
12 U.S.-chartered banks 3,847.6 3,944.3 4,078.9
13 Foreign banking offices in
United States 465.7 475.3 4,841.0
14 Bank holding companies 25.1 22.0 32.7
15 Banks in U.S.-affiliated areas 45.0 46.7 48.3
16 Savings institutions 1,011.4 1,030.8 1,033.4
17 Credit unions 341.0 348.5 351.7
18 Bank personal trusts and estates 190.1 188.0 185.7
19 Life insurance companies 1,869.6 1,880.4 1,886.0
20 Other insurance companies 537.5 533.9 531.6
21 Private pension funds 740.7 748.7 762.2
22 State and local government
retirement funds 728.9 738.9 753.4
23 Money market mutual funds 1,001.8 1,049.7 1,147.8
24 Mutual funds 1,083.7 1,083.0 1,073.1
25 Closed-end funds 104.3 105.1 105.9
26 Government-sponsored enterprises 1,268.4 1,340.2 1,399.5
27 Federally related mortgage pools 2,182.7 2,246.1 2,292.3
28 Asset-backed securities issuers
(ABSs) 1,352.7 1,409.8 1,435.3
29 Finance companies 660.9 678.2 713.3
30 Mortgage companies 35.6 32.5 35.6
31 Real estate investment trusts
(REITs) 45.3 44.7 42.9
32 Brokers and dealers 162.9 167.0 158.6
33 Funding corporations 201.4 200.1 288.4
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 24,511.1 25,125.3 25,729.5
Other liabilities
35 Official foreign exchange 50.9 52.1 50.1
36 Special drawing rights certificates 8.2 7.2 6.2
37 Treasury currency 18.8 19.3 18.3
38 Foreign deposits 694.9 712.3 725.8
39 Net interbank liabilities 207.1 198.9 203.2
40 Checkable deposits and currency 1,353.1 1,353.8 1,484.8
41 Small time and savings deposits 2,644.6 2,665.9 2,671.2
42 Large time deposits 809.0 837.5 936.1
43 Money market fund shares 1,393.5 1,444.9 1,578.8
44 Security repurchase agreements 970.8 999.3 1,085.4
45 Mutual fund shares 4,049.1 3,931.5 4,553.4
46 Security credit 589.3 593.2 665.9
47 Life insurance reserves 749.8 756.2 783.9
48 Pension fund reserves 9,479.5 9,150.5 9,999.4
49 Trade payables 2,038.1 2,098.4 2,152.6
50 Taxes payable 160.6 165.3 166.4
51 Investment in bank personal trusts 1,059.8 998.3 1,116.6
52 Miscellaneous 7,310.8 7,318.7 7,638.2
53 Total liabilities 58,099.0 58,428.7 61,565.7
Financial assets not included in
liabilities (+)
54 Gold and special drawing rights 20.8 21.3 21.4
55 Corporate equities 17,060.4 16,214.9 19,576.3
56 Household equity in noncorporate
business 4,523.0 4,582.8 4,643.5
Liabilities not identified as
assets (-)
57 Treasury currency -8.2 -8.2 -9.7
58 Foreign deposits 584.5 591.1 614.9
59 Net interbank transactions -10.6 -13.2 -25.5
60 Security repurchase agreements 308.2 327.7 269.3
61 Taxes payable 110.3 94.2 94.5
62 Miscellaneous -2,824.4 -3,133.2 -3,008.0
Floats not included in assets (-)
63 Federal government checkable
deposits -12.4 -10.2 -9.9
64 Other checkable deposits 22.1 14.5 22.3
65 Trade credit 30.8 44.7 141.7
66 Total identified to sectors as
assets 81,502.8 81,340.1 87,717.2
2000
Transaction category or sector
Q1 Q2
CREDIT MARKET DEBT OUTSTANDING(2)
1 Total credit market assets 26,129.2 26,534.9
2 Domestic nonfederal nonfinancial
sectors 3,418.7 3,459.0
3 Household 2,304.6 2,319.1
4 Nonfinancial corporate business 293.0 305.2
5 Nonfarm noncorporate business 38.1 38.8
6 State and local governments 782.9 795.8
7 Federal government 259.6 261.6
8 Rest of the world 2,765.9 2,809.7
9 Financial sectors 19,685.1 20,004.6
10 Monetary authority 501.9 505.1
11 Commercial banking 4,725.0 4,847.4
12 U.S.-chartered banks 4,171.3 4,295.4
13 Foreign banking offices in
United States 482.0 478.1
14 Bank holding companies 22.1 23.0
15 Banks in U.S.-affiliated areas 49.6 51.0
16 Savings institutions 1,044.5 1,061.7
17 Credit unions 360.0 372.9
18 Bank personal trusts and estates 183.3 180.8
19 Life insurance companies 1,901.5 1,913.9
20 Other insurance companies 528.0 524.6
21 Private pension funds 773.7 773.8
22 State and local government
retirement funds 767.2 771.5
23 Money market mutual funds 1,217.1 1,159.4
24 Mutual funds 1,053.0 1,070.9
25 Closed-end funds 106.7 107.4
26 Government-sponsored enterprises 1,426.4 1,481.7
27 Federally related mortgage pools 2,322.3 2,355.4
28 Asset-backed securities issuers
(ABSs) 1,463.9 1,505.4
29 Finance companies 747.0 782.2
30 Mortgage companies 34.1 35.5
31 Real estate investment trusts
(REITs) 38.8 38.2
32 Brokers and dealers 201.1 188.2
33 Funding corporations 289.6 328.5
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 26,129.2 26,534.9
Other liabilities
35 Official foreign exchange 49.4 46.5
36 Special drawing rights certificates 6.2 4.2
37 Treasury currency 18.8 18.1
38 Foreign deposits 790.4 790.2
39 Net interbank liabilities 165.6 219.5
40 Checkable deposits and currency 1,392.9 1,410.5
41 Small time and savings deposits 2,729.2 2,740.5
42 Large time deposits 966.5 987.4
43 Money market fund shares 1,666.0 1,627.1
44 Security repurchase agreements 1,155.8 1,186.2
45 Mutual fund shares 4,864.5 4,740.5
46 Security credit 803.7 770.8
47 Life insurance reserves 796.9 802.8
48 Pension fund reserves 10,227.4 10,139.0
49 Trade payables 2,179.6 2,233.2
50 Taxes payable 180.3 789.0
51 Investment in bank personal trusts 1,135.2 1,085.0
52 Miscellaneous 7,851.6 8,059.6
53 Total liabilities 63,109.3 63,574.5
Financial assets not included in
liabilities (+)
54 Gold and special drawing rights 21.4 21.5
55 Corporate equities 20,231.8 19,298.5
56 Household equity in noncorporate
business 4,695.1 4,764.9
Liabilities not identified as
assets (-)
57 Treasury currency -10.2 -11.9
58 Foreign deposits 659.7 642.9
59 Net interbank transactions -13.9 -11.5
60 Security repurchase agreements 413.4 408.8
61 Taxes payable 88.9 101.1
62 Miscellaneous -3,149.6 -3,169.7
Floats not included in assets (-)
63 Federal government checkable
deposits -6.5 -5.2
64 Other checkable deposits 18.7 22.5
65 Trade credit 92.6 73.1
66 Total identified to sectors as
assets 89,964.3 89,609.3
(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 1997 1998 1999
1 Industrial production(1) 127.1 132.4 137.1
Market groupings
2 Products, total 119.6 123.7 126.5
3 Final, total 121.1 125.4 128.0
4 Consumer goods 115.1 116.2 116.9
5 Equipment 132.1 142.7 148.9
6 Intermediate 115.3 118.8 122.1
7 Materials 139.0 146.5 154.8
Industry, groupings
8 Manufacturing 130.1 136.4 142.3
9 Capacity utilization, manufacturing
(percent)(2) 82.4 80.9 79.8
10 Construction contracts(3) 144.2(r) 161.3(r) 177.6(r)
11 Nonagricultural employment,
total(4) 120.3 123.4 126.2
12 Goods-producing, total 101.2 102.7 102.3
13 Manufacturing, total 98.3 98.8 97.0
14 Manufacturing, production
workers 99.6 99.8 97.8
15 Service-producing 126.5 130.0 133.8
16 Personal income, total 175.1 186.5 196.6
17 Wages and salary disbursements 171.3 184.6 196.9
18 Manufacturing 144.6 152.3 157.4
19 Disposable personal income5 172.5 182.7 191.9
20 Retail sales(5) 169.8 178.4 194.6
Prices(6)
21 Consumer (1982-84=100) 160.5 163.0 166.6
22 Producer finished goods (1982=100) 131.8 130.7 133.0
1999 2000
Measure
Dec. Jan. Feb.
1 Industrial production(1) 140.1 141.1 141.6
Market groupings
2 Products, total 128.5 129.7 130.1
3 Final, total 130.3 131.6 131.8
4 Consumer goods 118.1 118.8 118.7
5 Equipment 151.8 154.2 155.0
6 Intermediate 123.1 123.7 124.8
7 Materials 159.7 160.5 161.2
Industry, groupings
8 Manufacturing 145.6 146.7 147.2
9 Capacity utilization, manufacturing
(percent)(2) 80.3 80.7 80.7
10 Construction contracts(3) 175.0 176.0(r) 179.0
11 Nonagricultural employment,
total(4) 127.5 127.9 128.0
12 Goods-producing, total 103.6 104.1 103.9
13 Manufacturing, total 97.3 97.4 97.2
14 Manufacturing, production
workers 98.1 98.2 98.0
15 Service-producing 135.2 135.5 135.7
16 Personal income, total 201.7 203.3 204.4
17 Wages and salary disbursements 202.7 204.3 205.2
18 Manufacturing 159.8 161.1 161.6
19 Disposable personal income5 196.1 197.4 198.3
20 Retail sales(5) 204.0 205.5 208.3
Prices(6)
21 Consumer (1982-84=100) 168.3 168.7 169.7
22 Producer finished goods (1982=100) 134.9 134.7 136.0
2000
Measure
Mar. Apr. May
1 Industrial production(1) 142.4 143.5 144.7(r)
Market groupings
2 Products, total 130.3 131.0 131.2(r)
3 Final, total 132.0 132.8 133.1(r)
4 Consumer goods 118.0 118.6 118.8(r)
5 Equipment 156.9 158.1 158.8(r)
6 Intermediate 125.1 125.3 125.1(r)
7 Materials 163.1 165.0 168.1(r)
Industry, groupings
8 Manufacturing 148.4 149.3 150.3(r)
9 Capacity utilization, manufacturing
(percent)(2) 81.1 81.3 81.5(r)
10 Construction contracts(3) 192.0 186.0(r) 175.0(r)
11 Nonagricultural employment,
total(4) 128.5 128.9 129.1
12 Goods-producing, total 104.3 104.3 104.1
13 Manufacturing, total 97.3 97.3 97.3
14 Manufacturing, production
workers 97.9 98.0 97.9
15 Service-producing 136.2 136.8 137.0
16 Personal income, total 206.0 207.1 207.7
17 Wages and salary disbursements 206.4 208.1 208.1
18 Manufacturing 162.0 163.5 162.6
19 Disposable personal income5 199.8 200.7 201.2
20 Retail sales(5) 209.3 208.3 208.5
Prices(6)
21 Consumer (1982-84=100) 171.1 171.2 171.3
22 Producer finished goods (1982=100) 136.8 136.7(r) 137.5
2000
Measure
June July Aug.(p)
1 Industrial production(1) 145.2(r) 145.2 145.7
Market groupings
2 Products, total 131.3(r) 131.5 131.8
3 Final, total 133.6(r) 134.0 134.5
4 Consumer goods 119.0(r) 118.6 119.2
5 Equipment 159.8(r) 161.7 162.1
6 Intermediate 124.2 123.9 123.3
7 Materials 169.3(r) 168.9 169.9
Industry, groupings
8 Manufacturing 151.0(r) 151.2 151.3
9 Capacity utilization, manufacturing
(percent)(2) 81.6(r) 81.4 81.2
10 Construction contracts(3) 184.0(r) 175.0 173.0
11 Nonagricultural employment,
total(4) 129.1 129.1 129.0
12 Goods-producing, total 104.2 104.4 104.1
13 Manufacturing, total 97.3 97.6 97.2
14 Manufacturing, production
workers 97.9 98.3 97.7
15 Service-producing 137.1 137.0 136.9
16 Personal income, total 208.6 209.1 n.a.
17 Wages and salary disbursements 209.4 210.5 n.a.
18 Manufacturing 163.8 164.7 n.a.
19 Disposable personal income5 201.8 202.4 n.a.
20 Retail sales(5) 209.3(r) 211.1 211.5
Prices(6)
21 Consumer (1982-84=100) 172.3 172.6 172.7
22 Producer finished goods (1982=100) 138.4 138.3 138.1
(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 November 1999. The recent annual
revision is described in an article in the March 2000 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 1997 1998 1999
HOUSEHOLD SURVEY DATA(1)
1 Civilian labor force(2) 136,297 137,673 139,368
Employment
2 Nonagricultural industries(3) 126,159 128,085 130,207
3 Agriculture 3,399 3,378 3,281
Unemployment
4 Number 6,739 6,210 5,880
5 Rate (percent of civilian
labor force) 4.9 4.5 4.2
ESTABLISHMENT SURVEY DATA
6 Nonagricultural payroll
employment(4) 122,690 125,826 128,616
7 Manufacturing 18,675 18,772 18,431
8 Mining 596 590 535
9 Contract construction 5,691 5,985 6,273
10 Transportation and public
utilities 6,408 6,600 6,792
11 Trade 28,614 29.13 29,792
12 Finance 7,109 7,407 7,632
13 Service 36,040 37,526 39,000
14 Government 19,557 19,819 20,161
2000
Category
Jan. Feb. Mar.
HOUSEHOLD SURVEY DATA(1)
1 Civilian labor force(2) 140,910 141,165 140,867
Employment
2 Nonagricultural industries(3) 131,850 131,954 131,801
3 Agriculture 3,371 3,408 3,359
Unemployment
4 Number 5,689 5,804 5,708
5 Rate (percent of civilian
labor force) 4.0 4.1 4.1
ESTABLISHMENT SURVEY DATA
6 Nonagricultural payroll
employment(4) 130,387 130,482 131,009
7 Manufacturing 18,495 18,473 18,476
8 Mining 530 533 536
9 Contract construction 6,652 6,618 6,726
10 Transportation and public
utilities 6,925 6,937 6,953
11 Trade 29,978 29,989 30,060(r)
12 Finance 7,612 7,624 7,621
13 Service 39,844 39,914 40,090
14 Government 20,351 20,394 20,547
2000
Category
Apr. May June
HOUSEHOLD SURVEY DATA(1)
1 Civilian labor force(2) 141,230 140,489 140,762
Employment
2 Nonagricultural industries(3) 132,351 131,417 131,858
3 Agriculture 3,355 3,298 3,321
Unemployment
4 Number 5,524 5,774 5,583
5 Rate (percent of civilian
labor force) 3.9 4.1 4.0
ESTABLISHMENT SURVEY DATA
6 Nonagricultural payroll
employment(4) 131,419 131,590 131,647(r)
7 Manufacturing 18,492 18,479 18,493(r)
8 Mining 539 539 539
9 Contract construction 6,694 6,666 6,668
10 Transportation and public
utilities 6,970 6,962 6,985
11 Trade 30,252 30,112 30,171(r)
12 Finance 7,610 7,600 7,588(r)
13 Service 40,195 40,220 40,401(r)
14 Government 20,667 21,012 20,802(r)
2000
Category
July Aug.(p)
HOUSEHOLD SURVEY DATA(1)
1 Civilian labor force(2) 140,399 140,742
Employment
2 Nonagricultural industries(3) 131,450 131,569
3 Agriculture 3,299 3,344
Unemployment
4 Number 5,650 5,829
5 Rate (percent of civilian
labor force) 4.0 4.1
ESTABLISHMENT SURVEY DATA
6 Nonagricultural payroll
employment(4) 131,596 131,491
7 Manufacturing 18,544 18,465
8 Mining 539 539
9 Contract construction 6,673 6,673
10 Transportation and public
utilities 7,008 6,944
11 Trade 30,244 30,219
12 Finance 7,589 7,614
13 Service 40,412 40,572
14 Government 20,587 20,465
(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
1999 2000
Series
Q3 Q4 Q1 Q2(r)
Output (1992 = 100)
1 Total industry 137.7 139.5 141.7 144.5
2 Manufacturing 142.5 144.9 147.4 150.2
3 Primary processing(3) 123.4 125.4 126.0 125.9
4 Advanced processing(4) 152.5 155.2 158.7 163.1
5 Durable goods 174.4 177.4 182.5 188.9
6 Lumber and products 120.5 120.6 121.3 119.0
7 Primary metals 128.7 130.9 132.4 133.4
8 Iron and steel 126.6 129.1 130.9 132.4
9 Nonferrous 131.2 133.3 134.3 134.7
10 Industrial machinery
and equipment 232.3 239.9 252.3 263.4
11 Electrical machinery 400.9 419.0 458.1 514.0
12 Motor vehicles and parts 153.3 154.7 155.2 158.0
13 Aerospace and miscellaneous
transportation equipment 93.8 89.9 88.0 87.0
14 Nondurable goods 111.5 113.4 113.7 113.3
15 Textile mill products 111.6 111.4 111.3 109.9
16 Paper and products 116.0 117.9 111.0 117.3
17 Chemicals and products 117.0 121.8 121.7 120.3
18 Plastics materials 124.2 132.3 134.0 131.3
19 Petroleum products 114.6 114.1 115.8 117.7
20 Mining 98.2 99.5 100.4 102.2
21 Utilities 118.4 113.2 113.6 116.5
22 Electric 120.8 116.5 115.6 119.5
1999 2000
Series
Q3 Q4 Q1 Q2
Capacity (percent of
1992 output)
1 Total industry 170.7 172.3 173.8 175.5
2 Manufacturing 178.7 180.6 182.4 184.4
3 Primary processing(3) 149.0 149.8 150.4 150.9
4 Advanced processing(4) 193.7 196.1 198.7 201.6
5 Durable goods 217.6 221.0 224.8 229.1
6 Lumber and products 147.4 148.4 149.0 149.1
7 Primary metals 149.3 150.1 150.7 151.5
8 Iron and steel 151.3 152.5 153.5 154.4
9 Nonferrous 147.0 147.2 147.5 148.0
10 Industrial machinery
and equipment 285.3 295.8 306.1 315.2
11 Electrical machinery 498.5 514.6 537.2 570.7
12 Motor vehicles and parts 184.9 185.0 185.7 186.7
13 Aerospace and miscellaneous
transportation equipment 126.2 125.8 125.2 124.5
14 Nondurable goods 139.9 140.3 140.5 140.6
15 Textile mill products 131.6 131.8 131.9 131.9
16 Paper and products 135.3 136.1 136.6 136.7
17 Chemicals and products 150.7 151.0 151.4 151.7
18 Plastics materials 138.4 139.6 140.8 141.9
19 Petroleum products 122.7 123.1 123.4 123.6
20 Mining 120.2 120.2 119.8 119.3
21 Utilities 127.8 128.2 128.6 129.0
22 Electric 125.6 126.1 126.6 127.1
1999 2000
Series
Q3 Q4 Q1 Q2(r)
Capacity utilization
rate (percent)(2)
1 Total industry 80.7 81.0 81.5 82.3
2 Manufacturing 79.7 80.3 80.8 81.5
3 Primary processing(3) 82.8 83.7 83.8 83.4
4 Advanced processing(4) 78.7 79.1 79.9 80.9
5 Durable goods 80.2 80.3 81.2 82.5
6 Lumber and products 81.7 81.2 81.4 79.8
7 Primary metals 86.2 87.2 87.9 88.1
8 Iron and steel 83.7 84.6 85.3 85.7
9 Nonferrous 89.3 90.5 91.0 91.0
10 Industrial machinery
and equipment 81.4 81.1 82.4 83.6
11 Electrical machinery 80.4 81.4 85.3 90.1
12 Motor vehicles and parts 82.9 83.6 83.6 84.6
13 Aerospace and miscellaneous
transportation equipment 74.3 71.5 70.3 69.9
14 Nondurable goods 79.7 80.9 80.9 80.6
15 Textile mill products 84.8 84.5 84.4 83.3
16 Paper and products 85.7 86.6 85.6 85.8
17 Chemicals and products 77.6 80.7 80.4 79.3
18 Plastics materials 89.7 94.8 95.2 92.5
19 Petroleum products 93.4 92.7 93.9 95.3
20 Mining 81.7 82.8 83.8 85.6
21 Utilities 92.7 88.3 88.3 90.4
22 Electric 96.2 92.4 91.2 94.0
Previous
1973 1975 cycle(5)
Series
High Low High Low
Capacity utilization
rate (percent)(2)
1 Total industry 89.2 72.6 87.3 71.1
2 Manufacturing 88.5 70.5 86.9 69.0
3 Primary processing(3) 91.2 68.2 88.1 66.2
4 Advanced processing(4) 87.2 71.8 86.7 70.4
5 Durable goods 89.2 68.9 87.7 63.9
6 Lumber and products 88.7 61.2 87.9 60.8
7 Primary metals 100.2 65.9 94.2 45.1
8 Iron and steel 105.8 66.6 95.8 37.0
9 Nonferrous 90.8 59.8 91.1 60.1
10 Industrial machinery
and equipment 96.0 74.3 93.2 64.0
11 Electrical machinery 89.2 64.7 89.4 71.6
12 Motor vehicles and parts 93.4 51.3 95.0 45.5
13 Aerospace and miscellaneous
transportation equipment 78.4 67.6 81.9 66.0
14 Nondurable goods 87.8 71.7 87.5 76.4
15 Textile mill products 91.4 60.0 91.2 72.3
16 Paper and products 97.1 69.2 96.1 80.6
17 Chemicals and products 87.6 69.7 84.6 69.9
18 Plastics materials 102.0 50.6 90.9 63.4
19 Petroleum products 96.7 81.1 90.0 66.8
20 Mining 94.3 88.2 96.0 80.3
21 Utilities 96.2 82.9 89.1 75.9
22 Electric 99.0 82.7 88.2 78.9
Latest cycle(6) 1999
Series
High Low Aug.
Capacity utilization
rate (percent)(2)
1 Total industry 85.4 78.1 80.7
2 Manufacturing 85.7 76.6 79.7
3 Primary processing(3) 88.9 77.7 82.8
4 Advanced processing(4) 84.2 76.1 78.8
5 Durable goods 84.6 73.1 80.2
6 Lumber and products 93.6 75.5 81.6
7 Primary metals 92.7 73.7 86.8
8 Iron and steel 95.2 71.8 84.4
9 Nonferrous 89.3 74.2 89.9
10 Industrial machinery
and equipment 85.4 72.3 81.1
11 Electrical machinery 84.0 75.0 80.5
12 Motor vehicles and parts 89.1 55.9 82.3
13 Aerospace and miscellaneous
transportation equipment 87.3 79.2 75.0
14 Nondurable goods 87.3 80.7 79.7
15 Textile mill products 90.4 77.7 84.8
16 Paper and products 93.5 85.0 85.6
17 Chemicals and products 86.2 79.3 78.1
18 Plastics materials 97.0 74.8 87.8
19 Petroleum products 88.5 85.1 93.0
20 Mining 88.0 87.0 81.9
21 Utilities 92.6 83.4 92.2
22 Electric 95.0 87.1 95.5
2000
Series
Mar. Apr. May(r)
Capacity utilization
rate (percent)(2)
1 Total industry 81.7 82.0 82.4
2 Manufacturing 81.1 81.3 81.5
3 Primary processing(3) 83.7 83.8 83.3
4 Advanced processing(4) 80.2 80.5 81.0
5 Durable goods 81.6 82.1 82.6
6 Lumber and products 80.8 81.0 80.1
7 Primary metals 88.5 88.5 87.8
8 Iron and steel 86.4 86.1 85.5
9 Nonferrous 91.1 91.5 90.7
10 Industrial machinery
and equipment 83.0 83.4 83.6
11 Electrical machinery 86.9 88.7 90.5
12 Motor vehicles and parts 83.6 83.9 85.4
13 Aerospace and miscellaneous
transportation equipment 70.4 69.8 69.2
14 Nondurable goods 80.9 80.8 80.5
15 Textile mill products 84.6 84.4 82.4
16 Paper and products 85.9 86.2 84.5
17 Chemicals and products 80.0 79.3 79.3
18 Plastics materials 91.3 93.4 92.3
19 Petroleum products 96.1 94.8 95.8
20 Mining 84.7 84.7 85.7
21 Utilities 86.1 89.2 92.3
22 Electric 90.3 92.9 95.9
2000
Series
June(r) July Aug.(p)
Capacity utilization
rate (percent)(2)
1 Total industry 82.4 82.2 82.3
2 Manufacturing 81.6 81.4 81.2
3 Primary processing(3) 83.3 82.7 82.2
4 Advanced processing(4) 81.1 81.1 81.1
5 Durable goods 82.7 82.3 82.0
6 Lumber and products 78.4 78.6 77.9
7 Primary metals 87.9 85.3 84.0
8 Iron and steel 85.5 81.0 79.9
9 Nonferrous 90.8 90.6 89.2
10 Industrial machinery
and equipment 83.7 83.8 83.0
11 Electrical machinery 91.0 92.0 92.1
12 Motor vehicles and parts 84.7 77.8 79.6
13 Aerospace and miscellaneous
transportation equipment 70.7 71.7 70.8
14 Nondurable goods 80.5 80.6 80.6
15 Textile mill products 83.1 82.5 81.8
16 Paper and products 86.7 83.6 83.9
17 Chemicals and products 79.2 79.4 79.5
18 Plastics materials 91.8 91.7 90.3
19 Petroleum products 95.2 95.5 95.8
20 Mining 86.5 87.6 87.8
21 Utilities 89.6 87.7 91.2
22 Electric 93.1 90.6 94.4
(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 November 1999. The recent
annual revision is described in an article in the March 2000 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 pro- 1999
Group code por- avg.
tion
MAJOR MARKETS
1 Total index 100.0 137.1
2 Products 60.5 126.5
3 Final products 46.3 128.0
4 Consumer goods, total 29.1 116.9
5 Durable consumer goods 6.1 152.6
6 Automotive products 2.6 144.7
7 Autos and trucks 1.7 151.8
8 Autos, consumer .9 102.6
9 Trucks, consumer .7 202.4
10 Auto parts and
allied goods .9 133.9
11 Other 3.5 158.6
12 Appliances, televisions,
and air conditioners 1.0 324.3
13 Carpeting and furniture .8 121.7
14 Miscellaneous home goods 1.6 114.7
15 Nondurable consumer goods 23.0 108.7
16 Foods and tobacco 10.3 107.3
17 Clothing 2.4 90.6
18 Chemical products 4.5 121.8
19 Paper products 2.9 102.3
20 Energy 2.9 114.0
21 Fuels .8 111.3
22 Residential utilities 2.1 115.0
23 Equipment 17.2 148.9
24 Business equipment 13.2 171.6
25 Information processing
and related 5.4 248.6
26 Computer and office
equipment 1.1 840.1
27 Industrial 4.0 135.3
28 Transit 2.5 126.9
29 Autos and trucks 1.2 131.4
30 Other 1.3 131.4
31 Defense and space equipment 3.3 74.4
32 Oil and gas well drilling .6 106.8
33 Manufactured homes .2 155.2
34 Intermediate products, total 14.2 122.1
35 Construction supplies 5.3 133.4
36 Business supplies 8.9 115.3
37 Materials 39.5 154.8
38 Durable goods materials 20.8 198.9
39 Durable consumer parts 4.0 150.7
40 Equipment parts 7.6 360.9
41 Other 9.2 131.3
42 Basic metal materials 3.1 121.8
43 Nondurable goods materials 8.9 114.6
44 Textile materials 1.1 101.0
45 Paper materials 1.8 117.0
46 Chemical materials 3.9 117.3
47 Other 2.1 113.5
48 Energy materials 9.7 101.7
49 Primary energy 6.3 99.2
50 Converted fuel materials 3.3 107.0
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 97.1 137.0
52 Total excluding motor
vehicles and parts 95.1 136.4
53 Total excluding computer
and office equipment 98.2 131.1
54 Consumer goods excluding
autos and trucks 27.4 115.0
55 Consumer goods excluding
energy 26.2 117.3
56 Business equipment excluding
autos and trucks 12.0 176.2
57 Business equipment excluding
computer and office equipment 12.1 143.8
58 Materials excluding energy 29.8 172.0
MAJOR INDUSTRIES
59 Total index ... 100.0 137.1
60 Manufacturing ... 85.4 142.3
61 Primary processing ... 26.5 123.3
62 Advanced processing ... 58.9 151.8
63 Durable goods ... 45.0 172.8
64 Lumber and products 24 2.0 121.6
65 Furniture and fixtures 25 1.4 125.5
66 Stone, clay, and glass
products 32 2.1 130.5
67 Primary metals 33 3.1 126.6
68 Iron and steel 3,312 1.7 123.2
69 Raw steel 331PT .1 113.3
70 Nonferrous 333-6,9 1.4 130.9
71 Fabricated metal products 34 5.0 128.7
72 Industrial machinery and
equipment 35 8.0 230.1
73 Computer and office
equipment 357 1.8 1,061.4
74 Electrical machinery 36 7.3 390.2
75 Transportation equipment 37 9.5 122.4
76 Motor vehicles and paris 371 4.9 151.0
77 Autos and light tracks 371PT 2.6 137.8
78 Aerospace and
miscellaneous
transportation
equipment 372-6,9 4.6 94.9
79 Instruments 38 5.4 116.5
80 Miscellaneous 39 1.3 124.7
81 Nondurable goods ... 40.4 111.8
82 Foods 20 9.4 110.1
83 Tobacco products 21 1.6 94.3
84 Textile mill products 22 1.8 110.9
85 Apparel products 23 2.2 90.7
86 Paper and products 26 3.6 116.2
87 Printing and publishing 27 6.7 104.4
88 Chemicals and products 28 9.9 117.5
89 Petroleum products 29 1.4 114.7
90 Rubber and plastic products 30 3.5 137.7
91 Leather and products 31 .3 69.8
92 Mining ... 6.9 98.0
93 Metal 10 .5 97.1
94 Coal 12 1.0 108.1
95 Oil and gas extraction 13 4.8 92.5
96 Stone and earth minerals 14 .6 124.4
97 Utilities ... 7.7 115.6
98 Electric 491,493PT 6.2 118.2
99 Gas 492,493PT 1.6 104.8
SPECIAL AGGREGATES
100 Manufacturing excluding motor
vehicles and parts ... 80.5 141.7
101 Manufacturing excluding
computer and office
equipment ... 83.6 135.3
102 Computers, communications
equipment, and
semiconductors ... 5.9 794.1
103 Manufacturing excluding
computers and
semiconductors ... 81.1 121.6
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors ... 79.5 119.3
Gross value billions of 1992
dollars, annual rates)
Major Markets
105 Products, total ... 2,001.9 2,726.1
106 Final ... 1,552.1 2,101.6
107 Consumer goods ... 1,049.6 1,294.9
108 Equipment ... 502.5 808.3
109 Intermediate ... 449.9 623.3
1999
Group
Aug. Sept. Oct.
Index (1992 = 100)
MAJOR MARKETS
1 Total index 137.7 138.1 139.1
2 Products 127.6 127.6 128.5
3 Final products 129.5 129.1 130.2
4 Consumer goods, total 117.6 117.1 118.2
5 Durable consumer goods 155.5 153.5 157.4
6 Automotive products 150.6 145.5 147.9
7 Autos and trucks 162.9 152.8 155.1
8 Autos, consumer 105.0 105.5 103.9
9 Trucks, consumer 221.6 201.9 207.8
10 Auto parts and
allied goods 132.8 134.4 136.7
11 Other 158.7 159.7 165.0
12 Appliances, televisions,
and air conditioners 319.0 326.3 363.1
13 Carpeting and furniture 122.1 124.1 124.8
14 Miscellaneous home goods 115.4 114.4 114.8
15 Nondurable consumer goods 108.9 108.7 109.3
16 Foods and tobacco 106.5 106.2 106.8
17 Clothing 90.1 89.9 89.4
18 Chemical products 122.7 120.9 123.1
19 Paper products 103.2 104.7 106.3
20 Energy 116.6 117.6 114.5
21 Fuels 110.0 112.0 112.4
22 Residential utilities 119.3 119.7 114.9
23 Equipment 150.5 150.2 151.2
24 Business equipment 173.9 173.7 174.8
25 Information processing
and related 259.9 261.3 265.6
26 Computer and office
equipment 892.8 926.9 950.5
27 Industrial 133.6 133.9 134.9
28 Transit 128.1 124.0 122.3
29 Autos and trucks 135.3 132.0 133.4
30 Other 123.2 126.4 125.1
31 Defense and space equipment 74.7 73.6 73.7
32 Oil and gas well drilling 107.1 111.3 115.7
33 Manufactured homes 151.3 144.4 142.6
34 Intermediate products, total 121.7 122.6 123.2
35 Construction supplies 132.9 134.1 135.4
36 Business supplies 115.1 115.8 115.9
37 Materials 154.6 155.7 156.8
38 Durable goods materials 199.9 202.3 203.4
39 Durable consumer parts 147.2 156.0 153.7
40 Equipment parts 369.0 371.4 377.5
41 Other 131.6 131.2 131.7
42 Basic metal materials 123.3 122.1 123.5
43 Nondurable goods materials 114.4 114.7 117.4
44 Textile materials 101.1 100.3 102.3
45 Paper materials 116.3 118.6 118.5
46 Chemical materials 117.4 117.7 122.0
47 Other 113.2 112.5 114.9
48 Energy materials 102.3 101.8 101.5
49 Primary energy 100.3 99.6 98.8
50 Converted fuel materials 106.1 106.1 106.5
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 137.4 138.0 138.9
52 Total excluding motor
vehicles and parts 137.1 137.2 138.3
53 Total excluding computer
and office equipment 131.4 131.5 132.4
54 Consumer goods excluding
autos and trucks 115.2 115.2 116.3
55 Consumer goods excluding
energy 117.7 117.1 118.7
56 Business equipment excluding
autos and trucks 178.3 178.5 179.5
57 Business equipment excluding
computer and office equipment 144.6 143.6 144.0
58 Materials excluding energy 171.3 173.0 174.7
MAJOR INDUSTRIES
59 Total index 137.7 138.1 139.1
60 Manufacturing 142.5 142.9 144.2
61 Primary processing 123.4 123.6 124.8
62 Advanced processing 152.6 153.1 154.5
63 Durable goods 174.4 175.0 176.5
64 Lumber and products 120.2 119.7 120.5
65 Furniture and fixtures 126.4 127.9 127.0
66 Stone, clay, and glass
products 130.2 129.6 131.2
67 Primary metals 129.6 128.3 129.0
68 Iron and steel 127.6 125.9 124.9
69 Raw steel 115.9 112.4 121.8
70 Nonferrous 132.1 131.4 134.0
71 Fabricated metal products 128.5 128.4 128.8
72 Industrial machinery and
equipment 231.4 235.5 238.3
73 Computer and office
equipment 1,123.7 1,167.5 1,196.6
74 Electrical machinery 401.3 402.1 412.6
75 Transportation equipment 122.9 123.1 122.3
76 Motor vehicles and paris 152.2 155.6 155.7
77 Autos and light tracks 146.8 139.4 140.7
78 Aerospace and
miscellaneous
transportation
equipment 94.7 92.2 90.6
79 Instruments 117.7 117.2 118.3
80 Miscellaneous 125.2 125.1 125.0
81 Nondurable goods 111.5 111.8 113.0
82 Foods 108.9 109.6 110.1
83 Tobacco products 94.8 90.9 91.9
84 Textile mill products 111.7 110.8 112.7
85 Apparel products 89.2 89.0 89.1
86 Paper and products 115.8 117.2 118.0
87 Printing and publishing 103.6 104.6 106.0
88 Chemicals and products 117.7 117.4 119.8
89 Petroleum products 114.1 114.6 114.5
90 Rubber and plastic products 137.6 139.3 138.9
91 Leather and products 70.2 69.5 68.2
92 Mining 98.5 98.3 99.2
93 Metal 93.0 91.4 94.2
94 Coal 110.7 109.4 108.8
95 Oil and gas extraction 93.2 93.0 94.0
96 Stone and earth minerals 123.0 125.5 126.3
97 Utilities 117.8 117.7 115.2
98 Electric 120.0 119.8 116.9
99 Gas 108.2 108.5 107.9
SPECIAL AGGREGATES
100 Manufacturing excluding motor
vehicles and parts 142.0 142.3 143.6
101 Manufacturing excluding
computer and office
equipment 135.1 135.3 136.5
102 Computers, communications
equipment, and
semiconductors 830.4 843.0 863.9
103 Manufacturing excluding
computers and
semiconductors 121.6 121.7 122.6
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors 119.1 119.3 120.1
Gross value billions of 1992
dollars, annual rates)
Major Markets
105 Products, total 2,742.0 2,740.2 2,762.6
106 Final 2,118.5 2,112.5 2,132.5
107 Consumer goods 1,301.3 1,297.0 1,311.7
108 Equipment 819.0 817.5 822.5
109 Intermediate 622.4 626.4 628.9
1999 2000
Group
Nov. Dec. Jan.
Index (1992 = 100)
MAJOR MARKETS
1 Total index 139.4 140.1 141.1
2 Products 128.0 128.5 129.7
3 Final products 129.8 130.3 131.6
4 Consumer goods, total 117.6 118.1 118.8
5 Durable consumer goods 154.4 155.7 158.9
6 Automotive products 146.2 144.4 149.1
7 Autos and trucks 154.3 148.7 155.0
8 Autos, consumer 107.2 99.8 105.4
9 Trucks, consumer 203.6 199.0 206.3
10 Auto parts and
allied goods 133.8 137.1 139.6
11 Other 160.7 164.9 166.6
12 Appliances, televisions,
and air conditioners 348.4 357.6 361.6
13 Carpeting and furniture 117.4 123.0 126.9
14 Miscellaneous home goods 115.0 116.7 116.6
15 Nondurable consumer goods 109.1 109.5 109.7
16 Foods and tobacco 107.3 107.4 107.6
17 Clothing 90.6 89.1 89.3
18 Chemical products 126.0 126.5 125.8
19 Paper products 105.1 103.1 104.3
20 Energy 106.7 112.0 113.0
21 Fuels 110.1 111.7 108.4
22 Residential utilities 104.3 111.6 114.6
23 Equipment 151.4 151.8 154.2
24 Business equipment 175.0 175.5 179.4
25 Information processing
and related 266.7 270.1 277.9
26 Computer and office
equipment 970.0 985.6 1,015.3
27 Industrial 134.6 135.0 138.4
28 Transit 121.2 118.5 119.9
29 Autos and trucks 134.2 127.8 134.3
30 Other 127.5 128.1 126.8
31 Defense and space equipment 73.0 72.4 70.6
32 Oil and gas well drilling 121.3 124.3 125.5
33 Manufactured homes 139.3 138.3 135.4
34 Intermediate products, total 122.4 123.1 123.7
35 Construction supplies 134.3 134.9 136.4
36 Business supplies 115.2 116.0 116.1
37 Materials 158.8 159.7 160.5
38 Durable goods materials 206.7 208.8 211.7
39 Durable consumer parts 154.8 155.0 156.0
40 Equipment parts 386.8 394.9 404.9
41 Other 133.4 134.0 134.8
42 Basic metal materials 125.6 126.3 126.2
43 Nondurable goods materials 119.1 118.7 117.0
44 Textile materials 103.3 100.9 99.3
45 Paper materials 119.3 118.5 117.9
46 Chemical materials 125.1 124.2 122.1
47 Other 114.9 116.8 114.8
48 Energy materials 101.6 101.4 101.2
49 Primary energy 100.1 99.5 98.3
50 Converted fuel materials 104.1 104.8 106.8
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 139.3 140.2 141.0
52 Total excluding motor
vehicles and parts 138.7 139.5 140.4
53 Total excluding computer
and office equipment 132.7 133.2 134.1
54 Consumer goods excluding
autos and trucks 115.6 116.4 116.9
55 Consumer goods excluding
energy 118.8 118.8 119.5
56 Business equipment excluding
autos and trucks 179.7 181.1 184.5
57 Business equipment excluding
computer and office equipment 143.7 143.8 146.8
58 Materials excluding energy 177.4 178.6 179.8
MAJOR INDUSTRIES
59 Total index 139.4 140.1 141.1
60 Manufacturing 145.0 145.6 146.7
61 Primary processing 125.6 125.9 126.0
62 Advanced processing 155.2 155.9 157.5
63 Durable goods 177.4 178.4 181.0
64 Lumber and products 119.8 121.4 122.1
65 Furniture and fixtures 125.2 128.6 126.9
66 Stone, clay, and glass
products 132.4 131.4 130.9
67 Primary metals 131.1 132.8 132.8
68 Iron and steel 130.7 131.7 130.8
69 Raw steel 124.0 124.2 123.1
70 Nonferrous 131.7 134.1 135.2
71 Fabricated metal products 129.7 129.0 130.8
72 Industrial machinery and
equipment 239.7 241.8 247.7
73 Computer and office
equipment 1,222.8 1,244.6 1,284.5
74 Electrical machinery 418.1 426.4 443.5
75 Transportation equipment 121.8 120.4 121.7
76 Motor vehicles and paris 155.8 152.7 156.6
77 Autos and light tracks 141.0 135.0 141.0
78 Aerospace and
miscellaneous
transportation
equipment 89.5 89.7 88.6
79 Instruments 118.9 119.7 118.4
80 Miscellaneous 125.0 126.4 126.9
81 Nondurable goods 113.6 113.7 113.5
82 Foods 110.3 110.0 109.8
83 Tobacco products 93.1 94.7 96.7
84 Textile mill products 111.4 110.1 111.5
85 Apparel products 89.1 89.1 89.0
86 Paper and products 118.1 117.7 117.1
87 Printing and publishing 105.7 105.3 105.3
88 Chemicals and products 122.7 122.9 121.6
89 Petroleum products 112.8 114.9 113.2
90 Rubber and plastic products 139.3 141.4 142.2
91 Leather and products 67.7 65.4 68.1
92 Mining 99.7 99.5 99.7
93 Metal 94.5 95.2 95.5
94 Coal 110.0 109.5 106.3
95 Oil and gas extraction 94.5 94.6 95.7
96 Stone and earth minerals 125.0 122.4 120.8
97 Utilities 110.9 113.5 114.6
98 Electric 115.8 116.9 116.0
99 Gas 88.2 98.1 108.4
SPECIAL AGGREGATES
100 Manufacturing excluding motor
vehicles and parts 144.5 145.2 146.2
101 Manufacturing excluding
computer and office
equipment 137.1 137.6 138.5
102 Computers, communications
equipment, and
semiconductors 887.7 908.5 952.4
103 Manufacturing excluding
computers and
semiconductors 122.9 123.1 123.6
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors 120.4 120.6 120.9
Gross value billions of 1992
dollars, annual rates)
Major Markets
105 Products, total 2,740.0 2,751.5 2,781.7
106 Final 2,115.8 2,122.4 2,147.5
107 Consumer goods 1,294.7 1,301.5 1,309.9
108 Equipment 823.4 822.9 840.3
109 Intermediate 623.0 627.9 633.0
2000
Group
Feb. Mar. Apr.
Index (1992 = 100)
MAJOR MARKETS
1 Total index 141.6 142.4 143.5
2 Products 130.1 130.3 131.0
3 Final products 131.8 132.0 132.8
4 Consumer goods, total 118.7 118.0 118.6
5 Durable consumer goods 156.4 156.8 159.1
6 Automotive products 145.4 146.0 148.7
7 Autos and trucks 150.7 151.9 155.8
8 Autos, consumer 105.0 103.1 107.4
9 Trucks, consumer 198.3 202.3 206.2
10 Auto parts and
allied goods 136.9 136.6 137.6
11 Other 165.4 165.5 167.5
12 Appliances, televisions,
and air conditioners 362.8 367.3 373.3
13 Carpeting and furniture 122.6 122.6 125.0
14 Miscellaneous home goods 116.6 115.9 116.5
15 Nondurable consumer goods 110.0 109.1 109.4
16 Foods and tobacco 107.9 107.8 108.3
17 Clothing 89.6 89.2 89.5
18 Chemical products 125.1 125.8 124.2
19 Paper products 104.5 103.0 103.3
20 Energy 114.8 108.8 111.1
21 Fuels 111.5 114.8 112.3
22 Residential utilities 115.8 105.2 109.9
23 Equipment 155.0 156.9 158.1
24 Business equipment 180.6 183.0 185.0
25 Information processing
and related 281.2 285.7 290.3
26 Computer and office
equipment 1,059.5 1,093.5 1,126.1
27 Industrial 140.1 140.0 140.1
28 Transit 117.6 118.7 118.7
29 Autos and trucks 134.0 133.9 136.9
30 Other 128.6 136.4 140.9
31 Defense and space equipment 69.7 69.8 69.3
32 Oil and gas well drilling 129.9 130.6 129.0
33 Manufactured homes 129.6 129.3 123.4
34 Intermediate products, total 124.8 125.1 125.3
35 Construction supplies 137.5 139.0 139.2
36 Business supplies 117.2 116.9 117.1
37 Materials 161.2 163.1 165.0
38 Durable goods materials 213.1 217.5 220.6
39 Durable consumer parts 153.1 154.7 152.8
40 Equipment parts 418.0 435.4 453.2
41 Other 134.1 134.7 134.6
42 Basic metal materials 124.2 126.3 126.9
43 Nondurable goods materials 117.6 116.8 116.6
44 Textile materials 101.9 102.7 100.7
45 Paper materials 116.6 118.3 119.3
46 Chemical materials 124.5 121.5 121.5
47 Other 112.7 113.3 112.3
48 Energy materials 100.5 100.6 102.5
49 Primary energy 96.7 98.0 100.4
50 Converted fuel materials 108.2 105.5 106.6
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 141.6 142.4 143.5
52 Total excluding motor
vehicles and parts 141.1 141.8 143.0
53 Total excluding computer
and office equipment 134.4 135.0 136.0
54 Consumer goods excluding
autos and trucks 117.0 116.2 116.6
55 Consumer goods excluding
energy 119.1 119.0 119.5
56 Business equipment excluding
autos and trucks 186.0 188.7 190.5
57 Business equipment excluding
computer and office equipment 146.9 148.4 149.4
58 Materials excluding energy 181.0 183.5 185.5
MAJOR INDUSTRIES
59 Total index 141.6 142.4 143.5
60 Manufacturing 147.2 148.4 149.3
61 Primary processing 125.9 126.1 126.3
62 Advanced processing 158.4 160.1 161.5
63 Durable goods 181.8 184.6 186.8
64 Lumber and products 121.2 120.5 120.8
65 Furniture and fixtures 126.8 126.3 126.4
66 Stone, clay, and glass
products 131.7 132.7 131.9
67 Primary metals 130.9 133.6 133.8
68 Iron and steel 129.1 132.9 132.7
69 Raw steel 118.7 121.1 124.1
70 Nonferrous 133.2 134.5 135.3
71 Fabricated metal products 130.4 130.6 131.0
72 Industrial machinery and
equipment 252.6 256.7 260.5
73 Computer and office
equipment 1,342.2 1,389.6 1,428.4
74 Electrical machinery 455.6 475.2 494.8
75 Transportation equipment 119.6 120.9 120.7
76 Motor vehicles and paris 153.4 155.6 156.2
77 Autos and light tracks 137.7 138.1 142.1
78 Aerospace and
miscellaneous
transportation
equipment 87.5 88.0 87.0
79 Instruments 117.3 117.4 117.3
80 Miscellaneous 125.5 124.8 125.2
81 Nondurable goods 113.8 113.6 113.5
82 Foods 110.7 111.1 111.6
83 Tobacco products 94.5 91.4 92.7
84 Textile mill products 110.8 111.6 111.3
85 Apparel products 89.7 89.5 90.1
86 Paper and products 116.5 117.3 117.8
87 Printing and publishing 105.7 105.9 105.4
88 Chemicals and products 122.4 121.2 120.2
89 Petroleum products 115.6 118.7 117.1
90 Rubber and plastic products 141.2 140.5 141.6
91 Leather and products 66.2 64.6 63.7
92 Mining 100.0 101.3 101.2
93 Metal 94.1 92.7 93.4
94 Coal 101.9 109.3 112.0
95 Oil and gas extraction 96.2 96.0 95.9
96 Stone and earth minerals 127.5 133.0 128.8
97 Utilities 115.3 110.8 114.9
98 Electric 116.0 114.4 117.9
99 Gas 112.6 94.4 101.2
SPECIAL AGGREGATES
100 Manufacturing excluding motor
vehicles and parts 146.9 148.0 149.0
101 Manufacturing excluding
computer and office
equipment 138.7 139.7 140.5
102 Computers, communications
equipment, and
semiconductors 994.7 1,043.7 1,093.0
103 Manufacturing excluding
computers and
semiconductors 123.4 123.8 123.9
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors 120.7 121.0 121.0
Gross value billions of 1992
dollars, annual rates)
Major Markets
105 Products, total 2,791.9 2,795.8 2,811.3
106 Final 2,152.5 2,155.2 2,168.6
107 Consumer goods 1,309.9 1,302.9 1,308.9
108 Equipment 845.6 856.0 863.5
109 Intermediate 638.1 639.3 641.5
2000
Group
May(r) June(r)
Index (1992 = 100)
MAJOR MARKETS
1 Total index 144.7 145.2
2 Products 131.2 131.3
3 Final products 133.1 133.6
4 Consumer goods, total 118.8 119.0
5 Durable consumer goods 156.9 158.1
6 Automotive products 146.8 149.3
7 Autos and trucks 154.0 157.2
8 Autos, consumer 106.2 105.5
9 Trucks, consumer 203.8 210.5
10 Auto parts and
allied goods 135.7 137.2
11 Other 165.1 165.1
12 Appliances, televisions,
and air conditioners 367.1 369.8
13 Carpeting and furniture 122.4 123.9
14 Miscellaneous home goods 115.3 114.0
15 Nondurable consumer goods 110.0 110.0
16 Foods and tobacco 107.8 107.8
17 Clothing 89.3 87.2
18 Chemical products 124.6 125.2
19 Paper products 104.1 106.9
20 Energy 117.2 114.3
21 Fuels 113.3 113.4
22 Residential utilities 118.5 114.1
23 Equipment 158.8 159.8
24 Business equipment 185.7 186.8
25 Information processing
and related 295.7 296.7
26 Computer and office
equipment 1,162.3 1,194.1
27 Industrial 140.4 139.6
28 Transit 116.2 117.1
29 Autos and trucks 135.7 133.8
30 Other 137.7 144.9
31 Defense and space equipment 69.3 70.5
32 Oil and gas well drilling 135.0 134.0
33 Manufactured homes 118.2 118.5
34 Intermediate products, total 125.1 124.2
35 Construction supplies 137.4 136.9
36 Business supplies 117.7 116.6
37 Materials 168.1 169.3
38 Durable goods materials 227.0 229.6
39 Durable consumer parts 160.5 156.6
40 Equipment parts 472.6 490.6
41 Other 135.2 135.1
42 Basic metal materials 126.9 127.1
43 Nondurable goods materials 116.7 116.8
44 Textile materials 100.2 101.7
45 Paper materials 117.4 119.0
46 Chemical materials 122.8 121.7
47 Other 112.2 112.5
48 Energy materials 102.8 102.4
49 Primary energy 100.5 100.6
50 Converted fuel materials 107.1 105.5
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 144.7 145.2
52 Total excluding motor
vehicles and parts 144.0 144.6
53 Total excluding computer
and office equipment 137.0 137.3
54 Consumer goods excluding
autos and trucks 116.9 116.9
55 Consumer goods excluding
energy 119.0 119.5
56 Business equipment excluding
autos and trucks 191.5 192.9
57 Business equipment excluding
computer and office equipment 149.2 149.5
58 Materials excluding energy 189.6 191.3
MAJOR INDUSTRIES
59 Total index 144.7 145.2
60 Manufacturing 150.3 151.0
61 Primary processing 125.6 125.7
62 Advanced processing 163.3 164.4
63 Durable goods 189.2 190.8
64 Lumber and products 119.4 116.9
65 Furniture and fixtures 128.1 127.9
66 Stone, clay, and glass
products 132.2 132.2
67 Primary metals 133.0 133.3
68 Iron and steel 132.1 132.4
69 Raw steel 123.9 124.6
70 Nonferrous 134.2 134.6
71 Fabricated metal products 131.4 131.1
72 Industrial machinery and
equipment 263.5 266.4
73 Computer and office
equipment 1,467.7 1,505.3
74 Electrical machinery 516.3 531.0
75 Transportation equipment 121.7 122.2
76 Motor vehicles and paris 159.4 158.4
77 Autos and light tracks 140.5 142.7
78 Aerospace and
miscellaneous
transportation
equipment 86.1 87.9
79 Instruments 117.4 117.6
80 Miscellaneous 124.5 124.0
81 Nondurable goods 113.2 113.3
82 Foods 111.0 111.1
83 Tobacco products 92.4 90.9
84 Textile mill products 108.8 109.6
85 Apparel products 88.9 86.8
86 Paper and products 115.5 118.5
87 Printing and publishing 106.0 105.6
88 Chemicals and products 120.3 120.3
89 Petroleum products 118.4 117.7
90 Rubber and plastic products 140.4 141.1
91 Leather and products 64.9 64.3
92 Mining 102.3 103.1
93 Metal 96.3 94.9
94 Coal 110.1 114.4
95 Oil and gas extraction 98.0 98.1
96 Stone and earth minerals 124.5 127.4
97 Utilities 119.0 115.7
98 Electric 122.0 118.5
99 Gas 105.7 103.2
SPECIAL AGGREGATES
100 Manufacturing excluding motor
vehicles and parts 149.8 150.7
101 Manufacturing excluding
computer and office
equipment 141.2 141.8
102 Computers, communications
equipment, and
semiconductors 1,144.2 1,181.3
103 Manufacturing excluding
computers and
semiconductors 124.1 124.1
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors 121.0 121.1
Gross value billions
of 1992 dollars,
annual rates)
Major Markets
105 Products, total 2,813.9 2,817.3
106 Final 2,172.3 2,181.2
107 Consumer goods 1,309.9 1,313.5
108 Equipment 866.4 871.9
109 Intermediate 640.3 635.1
2000
Group
July Aug.(p)
Index (1992 = 100)
MAJOR MARKETS
1 Total index 145.2 145.7
2 Products 131.5 131.8
3 Final products 134.0 134.5
4 Consumer goods, total 118.6 119.2
5 Durable consumer goods 153.3 153.9
6 Automotive products 139.5 142.8
7 Autos and trucks 139.8 145.9
8 Autos, consumer 100.3 105.0
9 Trucks, consumer 181.9 189.7
10 Auto parts and
allied goods 137.0 136.9
11 Other 165.0 163.0
12 Appliances, televisions,
and air conditioners 357.1 356.7
13 Carpeting and furniture 127.5 125.4
14 Miscellaneous home goods 114.3 112.5
15 Nondurable consumer goods 110.4 111.0
16 Foods and tobacco 108.1 108.0
17 Clothing 87.7 86.5
18 Chemical products 126.1 126.5
19 Paper products 108.1 109.0
20 Energy 114.0 118.2
21 Fuels 114.2 115.2
22 Residential utilities 113.2 119.2
23 Equipment 161.7 162.1
24 Business equipment 188.6 189.2
25 Information processing
and related 303.7 310.4
26 Computer and office
equipment 1,224.1 1,255.8
27 Industrial 140.8 140.0
28 Transit 116.0 114.7
29 Autos and trucks 127.2 127.7
30 Other 142.2 135.4
31 Defense and space equipment 71.9 71.3
32 Oil and gas well drilling 140.9 143.4
33 Manufactured homes 117.5 116.0
34 Intermediate products, total 123.9 123.3
35 Construction supplies 137.1 135.5
36 Business supplies 116.0 116.0
37 Materials 168.9 169.9
38 Durable goods materials 229.9 230.9
39 Durable consumer parts 151.0 150.9
40 Equipment parts 502.8 511.9
41 Other 134.5 133.7
42 Basic metal materials 124.3 122.8
43 Nondurable goods materials 115.2 115.0
44 Textile materials 97.3 97.7
45 Paper materials 114.6 115.7
46 Chemical materials 121.3 121.1
47 Other 112.8 111.3
48 Energy materials 102.0 103.7
49 Primary energy 100.7 101.8
50 Converted fuel materials 104.1 107.3
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 145.6 146.0
52 Total excluding motor
vehicles and parts 145.3 145.6
53 Total excluding computer
and office equipment 137.2 137.5
54 Consumer goods excluding
autos and trucks 117.3 117.7
55 Consumer goods excluding
energy 119.1 119.3
56 Business equipment excluding
autos and trucks 195.9 196.4
57 Business equipment excluding
computer and office equipment 150.6 150.4
58 Materials excluding energy 190.9 191.5
MAJOR INDUSTRIES
59 Total index 145.2 145.7
60 Manufacturing 151.2 151.3
61 Primary processing 125.0 124.2
62 Advanced processing 165.0 165.6
63 Durable goods 190.9 191.3
64 Lumber and products 117.1 116.1
65 Furniture and fixtures 128.2 127.9
66 Stone, clay, and glass
products 132.4 132.0
67 Primary metals 129.6 127.9
68 Iron and steel 125.6 124.1
69 Raw steel 122.3 115.9
70 Nonferrous 134.5 132.5
71 Fabricated metal products 131.5 129.8
72 Industrial machinery and
equipment 269.0 268.4
73 Computer and office
equipment 1,544.1 1,584.6
74 Electrical machinery 547.4 559.0
75 Transportation equipment 116.9 117.9
76 Motor vehicles and paris 145.8 149.5
77 Autos and light tracks 128.6 134.3
78 Aerospace and
miscellaneous
transportation
equipment 89.0 87.7
79 Instruments 118.8 118.8
80 Miscellaneous 125.3 124.7
81 Nondurable goods 113.4 113.3
82 Foods 111.2 110.9
83 Tobacco products 92.9 93.5
84 Textile mill products 108.9 107.9
85 Apparel products 87.4 85.9
86 Paper and products 114.1 114.5
87 Printing and publishing 106.7 106.6
88 Chemicals and products 120.6 120.9
89 Petroleum products 118.1 118.6
90 Rubber and plastic products 142.3 141.4
91 Leather and products 64.0 63.3
92 Mining 104.3 104.3
93 Metal 94.6 94.0
94 Coal 119.8 119.0
95 Oil and gas extraction 98.7 99.2
96 Stone and earth minerals 128.1 126.2
97 Utilities 113.4 117.9
98 Electric 115.5 120.5
99 Gas 104.0 106.6
SPECIAL AGGREGATES
100 Manufacturing excluding motor
vehicles and parts 151.6 151.5
101 Manufacturing excluding
computer and office
equipment 141.8 141.8
102 Computers, communications
equipment, and
semiconductors 1,229.0 1,269.1
103 Manufacturing excluding
computers and
semiconductors 123.8 123.6
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors 120.6 120.2
Gross value billions
of 1992 dollars,
annual rates)
Major Markets
105 Products, total 2,812.5 2,817.4
106 Final 2,178.6 2,187.0
107 Consumer goods 1,304.8 1,311.3
108 Equipment 878.9 880.6
109 Intermediate 632.9 629.6
(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 November 1999. The recent
annual revision is described in an article in the March 2000 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 19971, 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 rates except as noted
Item 1997 1998 1999
Private residential real estate
activity (thousands of units
except as noted)
NEW UNITS
1 Permits authorized 1,441 1,612 1,664
2 One-family 1,062 1,188 1,247
3 Two-family or more 379 425 417
4 Started 1,474 1,617 1,667
5 One-family 1,134 1,271 1,335
6 Two-family or more 340 346 332
7 Under construction at end
of period(1) 847 971 993
8 One-family 555 659 679
9 Two-family or more 292 312 314
10 Completed 1,400 1,474 1,636
11 One-family 1,116 1,160 1,307
12 Two-family or more 284 315 329
13 Mobile homes shipped 354 374 348
Merchant builder activity
in one-family units
14 Number sold 804 886 907
15 Number for sale at end
of period(1) 287 300 326
Price of units sold (thousands
of dollars)(2)
16 Median 146.0 152.5 160.0
17 Average 176.2 181.9 195.8
EXISTING UNITS (one-family)
18 Number sold 4,382 4,970 5,197
Price of units sold (thousands
of dollars)(2)
19 Median 121.8 128.4 133.3
20 Average 150.5 159.1 168.3
Value of new construction
(millions of dollars)(3)
CONSTRUCTION
21 Total put in place 656,084 710,104 765,719
22 Private 501,426 550,983 592,037
23 Residential 289,101 314,058 348,584
24 Nonresidential 212,325 236,925 243,454
25 Industrial buildings 36,696 40,464 35,016
26 Commercial buildings 86,151 95,753 103,759
27 Other buildings 37,193 39,607 41,279
28 Public utilities and other 52,287 61,101 63,400
29 Public 154,657 159,121 173,682
30 Military 2,561 2,538 2,122
31 Highway 43,886 48,339 54,447
32 Conservation and development 5,708 5,421 6,002
33 Other 102,502 102,823 111,110
1999
Item
Oct. Nov. Dec.
Private residential real estate
activity (thousands of units
except as noted)
NEW UNITS
1 Permits authorized 1,636 1,678 1,683
2 One-family 1,204 1,238 1,266
3 Two-family or more 432 440 417
4 Started 1,636 1,663 1,769
5 One-family 1,343 1,344 1,441
6 Two-family or more 293 319 328
7 Under construction at end
of period(1) 1,020 1,022 1,025
8 One-family 706 708 710
9 Two-family or more 314 314 315
10 Completed 1,608 1,653 1,675
11 One-family 1,274 1,345 1,340
12 Two-family or more 334 308 335
13 Mobile homes shipped 321 316 304
Merchant builder activity
in one-family units
14 Number sold 906 895 916
15 Number for sale at end
of period(1) 314 317 320
Price of units sold (thousands
of dollars)(2)
16 Median 160.0 172.9 165.0
17 Average 200.3 212.4 203.0
EXISTING UNITS (one-family)
18 Number sold 4,880 5,150 5,140
Price of units sold (thousands
of dollars)(2)
19 Median 132.5 133.2 133.7
20 Average 167.2 168.9 168.8
Value of new construction
(millions of dollars)(3)
CONSTRUCTION
21 Total put in place 756,854 776,476 791,698
22 Private 584,860 596,942 605,802
23 Residential 349,968 353,854 358,223
24 Nonresidential 234,892 243,088 247,579
25 Industrial buildings 31,354 32,244 33,262
26 Commercial buildings 103,935 107,305 107,187
27 Other buildings 41,496 42,095 43,392
28 Public utilities and other 58,107 61,444 63,738
29 Public 171,994 179,534 185,895
30 Military 2,114 1,944 2,332
31 Highway 50,646 56,547 60,218
32 Conservation and development 5,941 6,585 7,001
33 Other 113,293 114,458 116,344
2000
Item
Jan. Feb. Mar.
Private residential real estate
activity (thousands of units
except as noted)
NEW UNITS
1 Permits authorized 1,762 1,661 1,597
2 One-family 1,317 1,223 1,238
3 Two-family or more 445 438 359
4 Started 1,744 1,822 1,630
5 One-family 1,361 1,324 1,327
6 Two-family or more 383 498 303
7 Under construction at end
of period(1) 1,033 1,041 1,031
8 One-family 712 712 706
9 Two-family or more 321 329 325
10 Completed 1,599 1,732 1,728
11 One-family 1,296 1,382 1,375
12 Two-family or more 303 350 353
13 Mobile homes shipped 307 291 287
Merchant builder activity
in one-family units
14 Number sold 927 905 947
15 Number for sale at end
of period(1) 321 309 321
Price of units sold (thousands
of dollars)(2)
16 Median 163.0 162.3 165.7
17 Average 200.1 199.6 205.3
EXISTING UNITS (one-family)
18 Number sold 4,450 4,760 5,200
Price of units sold (thousands
of dollars)(2)
19 Median 132.2 133.7 134.7
20 Average 168.9 168.1 171.5
Value of new construction
(millions of dollars)(3)
CONSTRUCTION
21 Total put in place 806,099 816,012 829,517
22 Private 614,584 629,590 637,743
23 Residential 365,149 368,745 372,118
24 Nonresidential 249,435 260,845 265,625
25 Industrial buildings 33,947 38,538 39,030
26 Commercial buildings 107,961 115,440 116,030
27 Other buildings 43,350 45,553 45,808
28 Public utilities and other 64,177 61,314 64,757
29 Public 191,515 186,422 191,774
30 Military 1,782 3,011 2,249
31 Highway 63,368 53,145 59,007
32 Conservation and development 6,223 6,975 6,494
33 Other 120,142 123,291 124,024
2000
Item
Apr. May(r)
Private residential
real estate activity
(thousands of units
except as noted)
NEW UNITS
1 Permits authorized 1,559 1,511
2 One-family 1,164 1,150
3 Two-family or more 395 361
4 Started 1,652 1,591
5 One-family 1,310 1,258
6 Two-family or more 342 333
7 Under construction at end
of period(1) 1,029 1,023
8 One-family 703 697
9 Two-family or more 326 326
10 Completed 1,660 1,705
11 One-family 1,354 1,377
12 Two-family or more 306 328
13 Mobile homes shipped 271 265
Merchant builder activity
in one-family units
14 Number sold 865(r) 886
15 Number for sale at end
of period(1) 305(r) 303
Price of units sold (thousands
of dollars)(2)
16 Median 163.1(r) 163.6
17 Average 207.5(r) 198.6
EXISTING UNITS (one-family)
18 Number sold 4,880 5,090
Price of units sold (thousands
of dollars)(2)
19 Median 136.1 137.6
20 Average 173.3 176.0
Value of new
construction (millions
of dollars)(3)
CONSTRUCTION
21 Total put in place 815,848 811,868
22 Private 629,097 630,751
23 Residential 368,734 368,781
24 Nonresidential 260,363 261,970
25 Industrial buildings 38,591 39,694
26 Commercial buildings 114,997 113,503
27 Other buildings 44,223 45,468
28 Public utilities and other 62,552 63,305
29 Public 186,750 181,118
30 Military 2,185 2,248
31 Highway 55,923 51,277
32 Conservation and development 5,878 5,350
33 Other 122,764 122,243
2000
Item
June(r) 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 1,526
5 One-family 1,227 1,205
6 Two-family or more 344 321
7 Under construction at end
of period(1) 1,021 1,017
8 One-family 694 689
9 Two-family or more 327 328
10 Completed 1,555 1,537
11 One-family 1,229 1,222
12 Two-family or more 326 315
13 Mobile homes shipped 262 251
Merchant builder activity
in one-family units
14 Number sold 823 944
15 Number for sale at end
of period(1) 304 299
Price of units sold (thousands
of dollars)(2)
16 Median 160.0 166.1
17 Average 195.8 196.1
EXISTING UNITS (one-family)
18 Number sold 5,310 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 801,665 789,009
22 Private 628,245 621,698
23 Residential 364,313 355,355
24 Nonresidential 263,932 266,343
25 Industrial buildings 39,834 38,999
26 Commercial buildings 115,440 114,934
27 Other buildings 45,218 44,690
28 Public utilities and other 63,440 67,720
29 Public 173,420 167,311
30 Military 2,161 2,122
31 Highway 47,430 45,623
32 Conservation and development 5,845 4,472
33 Other 117,984 115,094
(1.) Not at annual rates.
(2.) Not seasonally adjusted.
(3.) Recent data on value of new construction may not be strictly
comparable with data for previous periods because of changes by the
Bureau of the Census in its estimating techniques. For a description
of these changes, see Construction Reports (C-30-76-5), issued by the
Census Bureau in July 1976.
SOURCE. Bureau of the Census estimates for all series except (1)
mobile homes, which are private, domestic shipments as reported by
the Manufactured Housing Institute and seasonally adjusted by the
Census Bureau, and (2) sales and prices of existing units, which are
published by the National Association of Realtors. All back and
current figures are available from the originating agency. Permit
authorizations are those reported to the Census Bureau from 19,000
jurisdictions beginning in 1994.
2.15 CONSUMER AND PRODUCER PRICES
Percentage changes based on seasonally adjusted data except as noted
Change
from 12 Change from 3 months earlier
months (annual rate)
earlier
Item 1999 2000
1999 2000
Aug. Aug.
Sept. Dec. Mar. June
CONSUMER PRICES(2)
(1982-84 = 100)
1 All items 2.3 3.4 3.9 2.4 5.8 2.6
2 Food 2.0 2.7 2.5 2.2 1.7 2.7
3 Energy items 7.2 13.1 26.0 7.8 50.5 6.6
4 All items less
food and energy 1.9 2.5 2.5 1.8 3.2 2.0
5 Commodities .2 .5 2.5 .6 .3 .0
6 Services 2.6 3.5 2.5 3.1 4.1 3.2
PRODUCER PRICES
(1982 = 100)
7 Finished goods 2.3 3.3 6.8 .9 7.9 1.8
8 Consumer foods .5 .7 3.3 -2.0 3.6 1.8
9 Consumer energy 10.7 15.3 37.6 5.9 51.8 5.7
10 Other consumer goods 2.2 1.8 3.8 1.1 .8 .8
11 Capital equipment .1 1.1 .3 1.2 .9 1.5
Intermediate materials
12 Excluding foods
and feeds 1.5 4.5 6.6 3.6 9.5 2.8
13 Excluding energy .2 2.5 3.4 2.1 4.2 2.7
Crude materials
14 Foods -3.1 -4.7 3.7 -3.6 21.5 -11.1
15 Energy 35.3 42.3 134.4 -27.9 84.9 106.7
16 Other -2.1 4.0 22.6 26.2 9.9 -10.5
Change from 1 month earlier
Item 2000
Apr. May June July Aug.
CONSUMER PRICES(2)
(1982-84 = 100)
1 All items .0 .1 .6 .2 .1
2 Food .1 .5 .1 .5 .2
3 Energy items -1.9 -1.9 5.6 .1 -2.9
4 All items less
food and energy .2 .2 .2 .2 .2
5 Commodities .2 .0 -.2 .0 -.1
6 Services .2 .2 .3 .2 .3
PRODUCER PRICES
(1982=100)
7 Finished goods -.4(r) .2(r) .6 .0 -.2
8 Consumer foods 1.1(r) -.4(r) -.3 .0 -.7
9 Consumer energy -3.9(r) .4(r) 5.1 -.7 -.2
10 Other consumer goods -.1(r) .4(r) -.1 .1 .1
11 Capital equipment .1(r) .3(r) .0 .1 .0
Intermediate materials
12 Excluding foods
and feeds -.1 -.1 .9 .3 -.2
13 Excluding energy .4(r) .0(r) .2 .2 -.1
Crude materials
14 Foods 1.5(r) -1.7(r) -2.6 -2.7 -4.5
15 Energy -4.5(r) 8.1(r) 16.2 .4 .6
16 Other -1.0(r) -.4(r) -1.3 -1.8 -1.3
Item Index
level,
Aug.
2000(1)
CONSUMER PRICES(2)
(1982-84 = 100)
1 All items 172.7
2 Food 168.7
3 Energy items 125.9
4 All items less
food and energy 181.6
5 Commodities 143.7
6 Services 203.3
PRODUCER PRICES
(1982=100)
7 Finished goods 138.1
8 Consumer foods 136.9
9 Consumer energy 96.3
10 Other consumer goods 153.4
11 Capital equipment 138.4
Intermediate materials
12 Excluding foods
and feeds 131.0
13 Excluding energy 137.0
Crude materials
14 Foods 95.4
15 Energy 124.2
16 Other 142.3
(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 1997 1998 1999
GROSS DOMESTIC PRODUCT
1 Total 8,318.4 8,790.2 9,299.2
By source
2 Personal consumption expenditures 5,529.3 5,850.9 6,268.7
3 Durable goods 642.5 693.9 761.3
4 Nondurable goods 1,641.6 1,707.6 1,845.5
5 Services 3,245.2 3,449.3 3,661.9
6 Gross private domestic investment 1,390.5 1,549.9 1,650.1
7 Fixed investment 1,327.7 1,472.9 1,606.8
8 Nonresidential 999.4 1,107.5 1,203.1
9 Structures 255.8 283.2 285.6
10 Producers' durable equipment 743.6 824.3 917.4
11 Residential structures 328.2 365.4 403.8
12 Change in business inventories 62.9 77.0 43.3
13 Nonfarm 60.0 76.4 43.6
14 Net exports of goods and services -89.3 -151.5 -254.0
15 Exports 966.4 966.0 990.2
16 Imports 1,055.8 1,117.5 1,244.2
17 Government consumption
expenditures and gross
investment 1,487.9 1,540.9 1,634.4
18 Federal 538.2 540.6 568.6
19 State and local 949.7 1,000.3 1,065.8
By major type of product
20 Final sales, total 8,255.5 8,713.2 9,255.9
21 Goods 3,082.5 3,239.3 3,467.0
22 Durable 1,436.2 1,532.3 1,651.1
23 Nondurable 1,646.4 1,707.1 1,815.8
24 Services 4,442.1 4,673.0 4,934.6
25 Structures 730.9 800.9 854.3
26 Change in business inventories 62.9 77.0 43.3
27 Durable goods 33.1 45.8 27.2
28 Nondurable goods 29.8 31.2 16.1
MEMO
29 Total GDP in chained 1996 dollars 8,159.5 8,515.7 8,875.8
NATIONAL INCOME
30 Total 6,618.4 7,038.1 7,469.7
31 Compensation of employees 4,651.3 4,984.2 5,299.8
32 Wages and salaries 3,886.0 4,192.8 4,475.1
33 Government and government
enterprises 664.3 692.7 724.4
34 Other 3,221.7 3,500.1 3,750.7
35 Supplement to wages and salaries 765.3 791.4 824.6
36 Employer contributions
for social insurance 289.9 305.9 323.6
37 Other labor income 475.4 485.5 501.0
38 Proprietors' income(1) 581.2 620.7 663.5
39 Business and professional(1) 551.5 595.2 638.2
40 Farm(1) 29.7 25.4 25.3
41 Rental income of persons(2) 128.3 135.4 143.4
42 Corporate profits(1) 833.8 815.0 856.0
43 Profits before tax(3) 792.4 758.2 823.0
44 Inventory valuation adjustment 8.4 17.0 -9.1
45 Capital consumption adjustment 32.9 39.9 42.1
46 Net interest 423.9 482.7 507.1
1999
Account
Q2 Q3 Q4
GROSS DOMESTIC PRODUCT
1 Total 9,191.5 9,340.9 9,559.7
By source
2 Personal consumption expenditures 6,213.2 6,319.9 6,446.2
3 Durable goods 756.3 767.2 787.6
4 Nondurable goods 1,825.3 1,860.0 1,910.2
5 Services 3,631.5 3,692.7 3,748.5
6 Gross private domestic investment 1,607.9 1,659.1 1,723.7
7 Fixed investment 1,593.4 1,622.4 1,651.0
8 Nonresidential 1,188.0 1,216.8 1,242.2
9 Structures 283.7 281.2 290.4
10 Producers' durable equipment 904.3 935.6 951.8
11 Residential structures 405.4 405.6 408.8
12 Change in business inventories 14.5 36.7 72.7
13 Nonfarm 13.4 42.0 71.8
14 Net exports of goods and services -240.4 -280.5 -299.1
15 Exports 973.0 999.5 1,031.0
16 Imports 1,213.4 1,280.0 1,330.1
17 Government consumption
expenditures and gross
investment 1,610.4 1,642.4 1,688.8
18 Federal 558.3 570.4 591.6
19 State and local 1,052.6 1,072.1 1,097.3
By major type of product
20 Final sales, total 9,177.0 9,304.2 9,486.9
21 Goods 3,436.7 3,490.6 3,566.0
22 Durable 1,635.9 1,669.4 1,701.8
23 Nondurable 1,800.8 1,821.1 1,864.1
24 Services 4,891.2 4,965.2 5,050.3
25 Structures 849.1 848.5 870.7
26 Change in business inventories 14.5 36.7 72.7
27 Durable goods 5.0 27.6 47.5
28 Nondurable goods 9.5 9.1 25.2
MEMO
29 Total GDP in chained 1996 dollars 8,783.2 8,905.8 9,084.1
NATIONAL INCOME
30 Total 7,392.3 7,493.1 7,680.7
31 Compensation of employees 5,255.4 5,340.9 5,421.1
32 Wages and salaries 4,435.5 4,512.2 4,583.5
33 Government and government
enterprises 720.3 727.5 734.5
34 Other 3,715.2 3,784.7 3,849.0
35 Supplement to wages and salaries 819.9 828.7 837.7
36 Employer contributions
for social insurance 321.2 325.9 330.3
37 Other labor income 498.7 502.8 507.4
38 Proprietors' income(1) 660.4 659.7 689.6
39 Business and professional(1) 631.4 644.2 657.9
40 Farm(1) 29.0 15.5 31.7
41 Rental income of persons(2) 145.7 136.6 146.2
42 Corporate profits(1) 836.8 842.0 893.2
43 Profits before tax(3) 804.5 819.0 870.7
44 Inventory valuation adjustment -8.9 -19.7 -19.2
45 Capital consumption adjustment 41.2 42.7 41.6
46 Net interest 494.1 513.8 530.6
2000
Account
Q1 Q2
GROSS DOMESTIC PRODUCT
1 Total 9,752.7 9,942.9
By source
2 Personal consumption expenditures 6,621.7 6,707.1
3 Durable goods 826.3 814.4
4 Nondurable goods 1,963.9 1,997.2
5 Services 3,831.6 3,895.6
6 Gross private domestic investment 1,755.7 1,852.8
7 Fixed investment 1,725.8 1,779.9
8 Nonresidential 1,308.5 1,359.9
9 Structures 308.9 315.4
10 Producers' durable equipment 999.6 1,044.5
11 Residential structures 417.3 419.9
12 Change in business inventories 29.9 73.0
13 Nonfarm 32.4 73.1
14 Net exports of goods and services -335.2 -360.0
15 Exports 1,051.9 1,090.8
16 Imports 1,387.1 1,450.8
17 Government consumption
expenditures and gross
investment 1,710.4 1,742.9
18 Federal 5,801.0 604.5
19 State and local 1,130.4 1,138.5
By major type of product
20 Final sales, total 9,722.8 9,870.0
21 Goods 3,680.3 3,734.5
22 Durable 1,773.7 1,810.3
23 Nondurable 1,906.6 1,924.2
24 Services 5,135.2 5,227.8
25 Structures 907.4 907.7
26 Change in business inventories 29.9 73.0
27 Durable goods 20.7 48.3
28 Nondurable goods 9.2 24.7
MEMO
29 Total GDP in chained 1996 dollars 9,191.8 9,311.5
NATIONAL INCOME
30 Total 7,833.5 7,972.4
31 Compensation of employees 5,512.2 5,597.6
32 Wages and salaries 4,660.4 4,734.8
33 Government and government
enterprises 749.9 760.1
34 Other 3,910.5 3,974.7
35 Supplement to wages and salaries 851.8 862.9
36 Employer contributions
for social insurance 337.8 342.4
37 Other labor income 514.0 520.5
38 Proprietors' income(1) 693.9 708.5
39 Business and professional(1) 674.8 686.8
40 Farm(1) 19.1 21.7
41 Rental income of persons(2) 145.6 141.9
42 Corporate profits(1) 936.3 964.0
43 Profits before tax(3) 920.7 942.2
44 Inventory valuation adjustment -25.0 -13.4
45 Capital consumption adjustment 40.6 35.2
46 Net interest 545.4 560.3
(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 1997 1998 1999
PERSONAL INCOME AND SAVING
1 Total personal income 6,937.0 7,391.0 7,789.6
2 Wage and salary disbursements 3,888.9 4,190.7 4,470.0
3 Commodity-producing industries 975.1 1,038.6 1,089.2
4 Manufacturing 718.4 756.6 782.4
5 Distributive industries 879.6 949.1 1,020.3
6 Service industries 1,369.9 1,510.3 1,636.0
7 Government and government
enterprises 664.3 692.7 724.4
8 Other labor income 475.4 485.5 501.0
9 Proprietors' income(1) 581.2 620.7 663.5
10 Business and professional(1) 551.5 595.2 638.2
11 Farm(1) 29.7 25.4 25.3
12 Rental income of persons(2) 128.3 135.4 143.4
13 Dividends 334.9 351.1 370.3
14 Personal interest income 864.0 940.8 963.7
15 Transfer payments 962.2 983.0 1,016.2
16 Old-age survivors, disability,
and health insurance
benefits 565.8 578.0 588.0
17 LESS: Personal contributions
for social insurance 297.9 316.2 338.5
18 EQUALS: Personal income 6,937.0 7,391.0 7,789.6
19 LESS: Personal tax and
nontax payments 968.8 1,070.9 1,152.0
20 EQUALS: Disposable
personal income 5,968.2 6,320.0 6,637.7
21 LESS: Personal outlays 5,715.3 6,054.7 6,490.1
22 EQUALS: Personal saving 252.9 265.4 147.6
MEMO
Per capita (chained 1996 dollars)
23 Gross domestic product 30,434.4 31,469.5 32,511.9
24 Personal consumption expenditures 20,230.9 20,985.4 21,900.4
25 Disposable personal income 21,838.0 22,672.0 23,191.0
26 Saving rate (percent) 4.2 4.2 2.2
GROSS SAVING
27 Gross saving 1,502.3 1,654.4 1,717.6
28 Gross private saving 1,343.7 1,375.7 1,343.5
29 Personal saving 252.9 265.4 147.6
30 Undistributed corporate profits(1) 261.3 218.9 229.4
31 Corporate inventory
valuation adjustment 8.4 17.0 -9.1
Capital consumption allowances
32 Corporate 581.5 624.3 676.9
33 Noncorporate 250.9 265.1 284.5
34 Gross government saving 158.6 278.7 374.1
35 Federal 33.4 137.4 217.3
36 Consumption of fixed capital 86.8 88.4 92.8
37 Current surplus or deficit
(-), national accounts -53.3 49.0 124.4
38 State and local 125.2 141.3 156.8
39 Consumption of fixed capital 94.2 99.5 106.8
40 Current surplus or deficit
(-), national accounts 31.0 41.7 50.0
41 Gross investment 1,532.1 1,629.6 1,645.6
42 Gross private domestic investment 1,390.5 1,549.9 1,650.1
43 Gross government investment 264.6 278.8 308.7
44 Net foreign investment -123.1 -199.1 -313.2
45 Statistical discrepancy 29.7 -24.8 -71.9
1999
Account
Q2 Q3 Q4
PERSONAL INCOME AND SAVING
1 Total personal income 7,729.7 7,828.5 7,972.3
2 Wage and salary disbursements 4,430.4 4,507.0 4,578.3
3 Commodity-producing industries 1,081.6 1,097.8 1,111.2
4 Manufacturing 777.4 789.0 795.1
5 Distributive industries 1,009.9 1,029.9 1,049.4
6 Service industries 1,618.6 1,651.8 1,683.2
7 Government and government
enterprises 720.3 727.5 734.5
8 Other labor income 498.7 502.8 507.4
9 Proprietors' income(1) 660.4 659.7 689.6
10 Business and professional(1) 631.4 644.2 657.9
11 Farm(1) 29.0 15.5 31.7
12 Rental income of persons(2) 145.7 136.6 146.2
13 Dividends 366.8 373.5 380.2
14 Personal interest income 951.3 969.4 989.0
15 Transfer payments 1,012.2 1,020.3 1,027.4
16 Old-age survivors, disability,
and health insurance
benefits 586.1 589.7 592.8
17 LESS: Personal contributions
for social insurance 335.8 341.0 345.9
18 EQUALS: Personal income 7,729.7 7,828.5 7,972.3
19 LESS: Personal tax and
nontax payments 1,133.4 1,164.0 1,197.3
20 EQUALS: Disposable
personal income 6,596.3 6,664.5 6,775.0
21 LESS: Personal outlays 6,432.8 6,543.3 6,674.1
22 EQUALS: Personal saving 163.6 121.1 101.0
MEMO
Per capita (chained 1996 dollars)
23 Gross domestic product 32,220.0 32,586.0 33,153.5
24 Personal consumption expenditures 21,791.0 22,004.4 22,266.4
25 Disposable personal income 23,133.0 23,203.0 23,404.0
26 Saving rate (percent) 2.5 1.8 1.5
GROSS SAVING
27 Gross saving 1,691.7 1,716.8 1,746.3
28 Gross private saving 1,338.5 1,321.1 1,331.4
29 Personal saving 163.6 121.1 101.0
30 Undistributed corporate profits(1) 218.7 214.0 241.7
31 Corporate inventory
valuation adjustment -8.9 -19.7 -19.2
Capital consumption allowances
32 Corporate 670.7 687.7 694.8
33 Noncorporate 280.3 293.1 288.7
34 Gross government saving 353.3 395.7 414.9
35 Federal 209.5 240.6 238.4
36 Consumption of fixed capital 92.0 93.4 95.0
37 Current surplus or deficit
(-), national accounts 117.5 147.3 143.3
38 State and local 143.7 155.1 176.6
39 Consumption of fixed capital 105.8 107.7 109.9
40 Current surplus or deficit
(-), national accounts 38.0 47.4 66.6
41 Gross investment 1,614.9 1,627.3 1,678.5
42 Gross private domestic investment 1,607.9 1,659.1 1,723.7
43 Gross government investment 303.5 308.0 324.4
44 Net foreign investment -296.5 -339.8 -369.6
45 Statistical discrepancy -76.8 -89.5 -67.8
2000
Account
Q1 Q2
PERSONAL INCOME AND SAVING
1 Total personal income 8,105.8 8,233.6
2 Wage and salary disbursements 4,660.4 4,734.8
3 Commodity-producing industries 1,130.9 1,144.8
4 Manufacturing 802.8 811.5
5 Distributive industries 1,070.9 1,092.3
6 Service industries 1,708.6 1,737.5
7 Government and government
enterprises 749.9 760.1
8 Other labor income 514.0 520.5
9 Proprietors' income(1) 693.9 708.5
10 Business and professional(1) 674.8 686.8
11 Farm(1) 19.1 21.7
12 Rental income of persons(2) 145.6 141.9
13 Dividends 386.9 392.6
14 Personal interest income 1,011.6 1,027.7
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 353.4 358.5
18 EQUALS: Personal income 8,105.8 8,233.6
19 LESS: Personal tax and
nontax payments 1,239.3 1,271.6
20 EQUALS: Disposable
personal income 6,866.5 6,962.0
21 LESS: Personal outlays 6,855.6 6,945.7
22 EQUALS: Personal saving 11.0 16.4
MEMO
Per capita (chained 1996 dollars)
23 Gross domestic product 33,485.6 33,847.7
24 Personal consumption expenditures 22,635.5 22,748.8
25 Disposable personal income 23,472.0 23,617.0
26 Saving rate (percent) .2 .2
GROSS SAVING
27 Gross saving 1,777.0 1,830.5
28 Gross private saving 1,279.2 1,323.7
29 Personal saving 11.0 16.4
30 Undistributed corporate profits(1) 262.7 278.1
31 Corporate inventory
valuation adjustment -25.0 -13.4
Capital consumption allowances
32 Corporate 711.5 730.6
33 Noncorporate 294.1 298.7
34 Gross government saving 497.7 506.8
35 Federal 333.0 336.9
36 Consumption of fixed capital 97.2 99.1
37 Current surplus or deficit
(-), national accounts 235.8 237.8
38 State and local 164.7 169.9
39 Consumption of fixed capital 112.7 115.7
40 Current surplus or deficit
(-), national accounts 52.0 54.2
41 Gross investment 1,699.3 1,766.1
42 Gross private domestic investment 1,755.7 1,852.8
43 Gross government investment 334.2 332.5
44 Net foreign investment -390.7 -419.3
45 Statistical discrepancy -77.7 -64.4
(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 1997 1998 1999
1 Balance on current account -140,540 -217,138 -331,479
2 Balance on goods
and services -105,932 -166,898 -264,971
3 Exports 936,937 932,977 956,242
4 Imports -1,042,869 -1,099,875 -1,221,213
5 Income, net 6,186 -6,211 -18,483
6 Investment, net 11,050 -1,036 -13,102
7 Direct 71,935 67,728 62,704
8 Portfolio -60,885 -68,764 -75,806
9 Compensation of
employees -4,864 -5,175 -5,381
10 Unilateral current
transfers, net -40,794 -44 -48,025
11 Change in U.S. government
assets other than official
reserve assets, net
(increase, -) 68 -422 2,751
12 Change in U.S. official
reserve assets
(increase, -) -1,010 -7 8,747
13 Gold 0 0 0
14 Special drawing
rights (SDRs) -350 -147 10
15 Reserve position in
International
Monetary Fund -3,575 -5,119 5,484
16 Foreign currencies 2,915 -1,517 3,253
17 Change in U.S. private
assets abroad
(increase, -) -487,998 -328,231 -441,685
18 Bank-reported claims(3) -141,118 -35,572 -69,862
19 Nonbank-reported claims -122,888 -10,612 -92,328
20 U.S. purchases of foreign
securities, net -118,976 -135,995 -128,594
21 U.S. direct investments
abroad, net -105,016 -146,052 -150,901
22 Change in foreign official
assets in United
States (increase, +) 18,876 -20,127 42,864
23 U.S. Treasury securities -6,690 -9,921 12,177
24 Other U.S. government
obligations 4,529 6,332 20,350
25 Other U.S. government
liabilities(3) -1,041 -3,550 -3,255
26 Other U.S. liabilities
reported by U.S.
banks(3) 22,286 -9,501 12,692
27 Other foreign official
assets -208 -3,487 900
28 Change in foreign private
assets in United
States (increase, +) 738,086 502,362 710,700
29 U.S. bank-reported
liabilities(2) 149,026 39,769 67,403
30 U.S. nonbank-reported
liabilities 113,921 -7,001 34,298
31 Foreign private purchases
of U.S. Treasury
securities, net 146,433 48,581 -20,464
32 U.S. currency flows 24,782 16,622 22,407
33 Foreign purchases of other
U.S. securities, net 197,892 218,075 331,523
34 Foreign direct investments
in United States, net 106,032 186,316 275,533
35 Capital account
transactions, net(5) 350 637 -3,500
36 Discrepancy -127,832 69,702 11,602
37 Due to seasonal adjustment ... ... ...
38 Before seasonal adjustment -127,832 69,702 11,602
MEMO
Changes in official assets
39 U.S. official reserve assets
(increase, -) -1,010 -6,783 8,747
40 Foreign official assets in
United States,
excluding line 25
(increase, +) 19,917 -16,577 46,119
41 Change in Organization of
Petroleum Exporting
Countries official
assets in United States
(part of line 22) 12,124 -11,531 1,331
2000
Item credits
or debits
Q2 Q3 Q4
1 Balance on current account -78,982 -89,649 -96,223
2 Balance on goods
and services -63,300 -72,718 -76,280
3 Exports 234,297 241,969 249,653
4 Imports -297,597 -314,687 -325,933
5 Income, net -4,145 -5,535 -5,683
6 Investment, net -2,813 -4,193 -4,319
7 Direct 14,698 15,701 16,275
8 Portfolio -17,511 -19,894 -20,594
9 Compensation of
employees -1,332 -1,342 -1,364
10 Unilateral current
transfers, net -11,537 -11,396 -14,260
11 Change in U.S. government
assets other than official
reserve assets, net
(increase, -) -392 -686 3,711
12 Change in U.S. official
reserve assets
(increase, -) 1,159 1,951 1,569
13 Gold 0 0 0
14 Special drawing
rights (SDRs) -190 -184 -178
15 Reserve position in
International
Monetary Fund 1,413 2,268 1,800
16 Foreign currencies -64 -133 -53
17 Change in U.S. private
assets abroad
(increase, -) -171,609 -124,174 -120,162
18 Bank-reported claims(3) -41,786 -11,259 -45,304
19 Nonbank-reported claims -25,734 -27,943 -24,428
20 U.S. purchases of foreign
securities, net -71,131 -41,420 -17,150
21 U.S. direct investments
abroad, net -32,958 -43,552 -33,280
22 Change in foreign official
assets in United
States (increase, +) -1,096 12,191 27,495
23 U.S. Treasury securities -6,708 12,963 5,122
24 Other U.S. government
obligations 5,792 1,835 6,730
25 Other U.S. government
liabilities(3) -1,099 -760 89
26 Other U.S. liabilities
reported by U.S.
banks(3) 1,436 -2,032 14,427
27 Other foreign official
assets -517 185 1,127
28 Change in foreign private
assets in United
States (increase, +) 273,104 182,019 157,072
29 U.S. bank-reported
liabilities(2) 37,151 24,585 19,618
30 U.S. nonbank-reported
liabilities 13,663 -8,085 792
31 Foreign private purchases
of U.S. Treasury
securities, net -5,407 9,639 -17,191
32 U.S. currency flows 3,057 4,697 12,213
33 Foreign purchases of other
U.S. securities, net 80,838 95,620 92,250
34 Foreign direct investments
in United States, net 143,802 55,563 49,390
35 Capital account
transactions, net(5) 165 171 -3,993
36 Discrepancy -22,349 18,177 30,531
37 Due to seasonal adjustment -1,511 -9,739 5,738
38 Before seasonal adjustment -20,838 27,916 24,793
MEMO
Changes in official assets
39 U.S. official reserve assets
(increase, -) 1,159 1,951 1,569
40 Foreign official assets in
United States,
excluding line 25
(increase, +) 3 12,951 27,406
41 Change in Organization of
Petroleum Exporting
Countries official
assets in United States
(part of line 22) 1,632 -783 -1,673
2000
Item credits
or debits
Q1(r) Q2(p)
1 Balance on current account -101,505 -106,138
2 Balance on goods
and services -85,117 -89,259
3 Exports 255,977 265,133
4 Imports -341,094 -354,392
5 Income, net -4,364 -4,543
6 Investment, net -2,987 -3,145
7 Direct 17,068 18,421
8 Portfolio -20,055 -21,566
9 Compensation of
employees -1,377 -1,398
10 Unilateral current
transfers, net -12,024 -12,336
11 Change in U.S. government
assets other than official
reserve assets, net
(increase, -) -131 -572
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, -) -178,273 -75,096
18 Bank-reported claims(3) -55,511 14,861
19 Nonbank-reported claims -52,563 -26,112
20 U.S. purchases of foreign
securities, net -27,236 -26,350
21 U.S. direct investments
abroad, net -42,963 -37,495
22 Change in foreign official
assets in United
States (increase, +) 22,015 5,905
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(3) -644 -772
26 Other U.S. liabilities
reported by U.S.
banks(3) -2,577 -561
27 Other foreign official
assets 931 904
28 Change in foreign private
assets in United
States (increase, +) 214,520 216,831
29 U.S. bank-reported
liabilities(2) -8,824 48,660
30 U.S. nonbank-reported
liabilities 58,061 21,597
31 Foreign private purchases
of U.S. Treasury
securities, net -9,248 -20,661
32 U.S. currency flows -6,847 989
33 Foreign purchases of other
U.S. securities, net 132,416 86,547
34 Foreign direct investments
in United States, net 48,962 79,699
35 Capital account
transactions, net(5) 166 163
36 Discrepancy 43,762 -43,113
37 Due to seasonal adjustment 5,724 -2,505
38 Before seasonal adjustment 38,038 -40,608
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 6,677
41 Change in Organization of
Petroleum Exporting
Countries official
assets in United States
(part of line 22) 6,109 1,922
(1.) Seasonal factors are not calculated for lines 11-16, 18-20,
22-35, and 38-41.
(2.) Reporting banks included all types of depository institutions
as well as some brokers and dealers.
(3.) Associated primarily with military sales contracts and other
transactions arranged with or through foreign official agencies.
(4.) Consists of investments in U.S. corporate stocks and in
debt securities of private corporations and state and local
governments.
(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 1997 1998 1999
1 Goods and
services, balance -105,932 -166,898 -264,971
2 Merchandise -196,665 -246,854 -345,559
3 Services 90,733 79,956 80,588
4 Goods and services,
exports 936,937 932,977 956,242
5 Merchandise 679,702 670,324 684,358
6 Services 257,235 262,653 271,884
7 Goods and services,
imports 1,042,869 1,099,875 1,221,213
8 Merchandise 876,367 917,178 1,029,917
9 Services 166,502 182,697 191,296
2000
Item
Jan.(r) Feb.(r) Mar.(r) Apr.(r)
1 Goods and
services, balance -27,266 -27,481 -30,370 -29,637
2 Merchandise -34,049 -34,641 -37,148 -36,894
3 Services 6,783 7,160 6,778 7,257
4 Goods and services,
exports 83,691 85,312 86,975 87,268
5 Merchandise 60,321 60,894 62,513 62,566
6 Services 23,370 24,418 24,462 24,702
7 Goods and services,
imports -110,957 -112,793 -117,345 -116,905
8 Merchandise -94,370 -95,535 -99,661 -99,460
9 Services -16,587 -17,258 -17,684 -17,445
2000
Item
May(r) June(r) July(p)
1 Goods and
services, balance -29,794 -29,846 -31,892
2 Merchandise -36,475 -36,862 -38,695
3 Services 6,681 7,016 6,803
4 Goods and services,
exports 86,846 90,991 89,670
5 Merchandise 62,749 66,468 64,979
6 Services 24,097 24,523 24,691
7 Goods and services,
imports -116,640 -120,837 -121,562
8 Merchandise -99,224 -103,330 -103,674
9 Services -17,416 -17,507 -17,888
(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 81,755 71,516
2 Gold stock, including
Exchange
Stabilization Fund(1) 11,050 11,041 11,089
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
2000
Asset
Feb. Mar. Apr. May
1 Total 69,309 70,789 66,587 67,160
2 Gold stock, including
Exchange
Stabilization Fund(1) 11,008 11,048 11,048 11,048
3 Special drawing rights(2,3) 10,277 10,335 10,122 10,310
4 Reserve position in
International Monetary
Fund(2) 17,578 17,871 15,403 15,373
5 Foreign currencies(4) 30,406 31,535 30,014 30,429
2000
Asset
June July Aug. Sept.(p)
1 Total 67,957 66,516 65,333 66,256
2 Gold stock, including
Exchange
Stabilization Fund(1) 11,048 11,046 11,046 11,006
3 Special drawing rights(2,3) 10,444 10,257 10,371 10,316
4 Reserve position in
International Monetary
Fund(2) 15,428 15,083 13,798 13,685
5 Foreign currencies(4) 31,037 30,130 30,118 31,209
(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
2000
Asset
Feb. Mar. Apr. May
1 Deposits 87 125 142 110
Held in custody
2 U.S. Treasury
securities(2) 631,421 641,830 632,216 623,553
3 Earmarked gold(3) 9,771 9,711 9,711 9,7116
2000
Asset
June July Aug. Sept.(p)
1 Deposits 104 76 78 139
Held in custody
2 U.S. Treasury
securities(2) 627,081 624,177 628,001 611,641
3 Earmarked gold(3) 9,688 9,688 9,674 9,620
(1.) Excludes deposits and U.S. Treasury securities held for
international and regional organizations.
(2.) Marketable U.S. Treasury bills, notes, and bonds and
nonmarketable U.S. Treasury securities, in each case measured at
face (not market) value.
(3.) Held in foreign and international accounts and valued at
$42.22 per fine troy ounce; not included in the gold stock of
the United States.
3.15 SELECTED U.S. LIABILITIES TO FOREIGN OFFICIAL INSTITUTIONS
Millions of dollars, end of period
2000
Item 1998 1999
Jan.
1 Total(1) 759,928 806,288 808,474
By type
2 Liabilities reported by
banks in the United
States(2) 125,883 138,817 134,753
3 U.S. Treasury bills
and certificates(3) 134,177 156,177 153,548
U.S. Treasury bonds
and notes
4 Marketable 432,127 422,266 429,029
5 Nonmarketable(4) 6,074 6,111 6,152
6 U.S. securities other
than U.S. Treasury
securities(5) 61,667 82,917 84,992
By area
7 Europe(1) 256,026 244,805 246,022
8 Canada 36,715 38,666 39,439
9 Latin America and
Caribbean 79,503 73,518 71,888
10 Asia 400,631 463,673 463,801
11 Africa 10,059 7,523 8,208
12 Other countries 3,080 4,189 5,202
2000
Item
Feb. Mar. Apr.
1 Total(1) 812,353 828,947 834,154
By type
2 Liabilities reported by
banks in the United
States(2) 130,268 136,240 137,724
3 U.S. Treasury bills
and certificates(3) 156,995 164,781 157,607
U.S. Treasury bonds
and notes
4 Marketable 430,806 430,237 436,640
5 Nonmarketable(4) 6,191 5,734 5,770
6 U.S. securities other
than U.S. Treasury
securities(5) 88,093 91,955 96,413
By area
7 Europe(1) 248,792 251,571 249,685
8 Canada 39,358 39,846 39,501
9 Latin America and
Caribbean 71,180 77,014 72,407
10 Asia 466,087 474,355 486,133
11 Africa 7,976 7,979 8,024
12 Other countries 5,0468 4,268 4,490
2000
Item
May June July(p)
1 Total(1) 826,302 836,075(r) 848,298
By type
2 Liabilities reported by
banks in the United
States(2) 135,802 136,129(r) 141,186
3 U.S. Treasury bills
and certificates(3) 148,820 157,190 160,093
U.S. Treasury bonds
and notes
4 Marketable 435,235 433,823 433,184
5 Nonmarketable(4) 5,808 5,740 5,180
6 U.S. securities other
than U.S. Treasury
securities(5) 100,637 103,193 108,655
By area
7 Europe(1) 250,306 253,416(r) 258,923
8 Canada 39,190 39,705 39,891
9 Latin America and
Caribbean 69,508 71,220 73,616
10 Asia 482,134 485,424 487,491
11 Africa 7,709 7,849 8,656
12 Other countries 3,541 4,547 5,807
(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;
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 1996 1997 1998
1 Banks' liabilities 103,383 117,524 101,125
2 Banks' claims 66,018 83,038 78,162
3 Deposits 22.47 28,661 45,985
4 Other claims 43,551 54,377 32,177
5 Claims of banks
domestic customers(2) 10,978 8,191 20,718
1999 2000
Item
Sept. Dec.(r) Mar.(r) June
1 Banks' liabilities 100,112 88,537 85,649 78,603
2 Banks' claims 67,032 67,365 63,492 62,631
3 Deposits 32,713 34,426 32,967 31,224
4 Other claims 34,319 32,939 30,525 31,407
5 Claims of banks
domestic customers(2) 11,534 20,826 21,753 18,802
(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 1997 1998 1999
BY HOLDER AND
TYPE OF LIABILITY
1 Total, all foreigners 1,283,027 1,347,837 1,413,683
2 Banks' own liabilities 882,980 884,939 976,400
3 Demand deposits 31,344 29,558 42,884
4 Time deposits(2) 198,546 151,761 163,620
5 Other(3) 168,011 140,752 162,749
6 Own foreign offices(4) 485,079 562,868 607,147
7 Banks' custodial
liabilities(5) 400,047 462,898 437,283
8 US Treasury bills and
certificates(6) 193,239 183,494 185,797
9 Other negotiable and
readily transferable
instruments(7) 93,641 141,699 132,575
10 Other 113,167 137,705 118,911
11 Nonmonetary international
and regional
organizations(8) 11,690 11,883 15,276
12 Banks' own liabilities 11,486 10,850 14,357
13 Demand deposits 16 172 98
14 Time deposits(2) 5,466 5,793 10,349
15 Other(3) 6,004 4,885 3,910
16 Banks' custodial
liabilities(5) 204 1,033 919
17 US Treasury bills
and certificates(6) 69 636 680
18 Other negotiable and
readily transferable
instruments(7) 133 397 233
19 Other 2 0 6
20 Official institutions(9) 283,685 260,060 294,994
21 Banks' own liabilities 102,028 80,256 97,615
22 Demand deposits 2,314 3,003 3,341
23 Time deposits(2) 41,396 29,506 28,942
24 Other(3) 58,318 47,747 65,332
25 Banks' custodial
liabilities(5) 181,657 179,804 197,379
26 US Treasury bills
and certificates(6) 148,301 134,177 156,177
27 Other negotiable and
readily transferable
instruments(7) 33,151 44,953 41,152
28 Other 205 674 50
29 Banks(10) 815,247 885,336 905,383
30 Banks' own liabilities 641,447 676,057 733,356
31 Unaffiliated foreign
banks 156,368 113,189 126,209
32 Demand deposits 16,767 14,071 17,583
33 Time deposits(2) 83,433 45,904 48,140
34 Other(3) 56,168 53,214 60,486
35 Own foreign offices(4) 485,079 562,868 607,147
36 Banks' custodial
liabilities(5) 173,800 209,279 172,027
37 US Treasury bills
and certificates(6) 31,915 35,359 16,936
38 Other negotiable and
readily transferable
instruments(7) 35,393 45,332 45,695
39 Other 106,492 128,588 109,396
40 Other foreigners 172,405 190,558 198,030
41 Banks' own liabilities 128,019 117,776 131,072
42 Demand deposits 12,247 12,312 21,862
43 Time deposits(2) 68,251 70,558 76,189
44 Other(3) 47,521 34,906 33,021
45 Banks' custodial
liabilities(5) 44,386 72,782 66,958
46 US Treasury bills
and certificates(6) 12,954 13,322 12,004
47 Other negotiable and
readily transferable
instruments(7) 24,964 51,017 45,495
48 Other 6,468 8,443 9,459
MEMO
49 Negotiable time
certificates of
deposit in custody
for foreigners 16,083 27,026 30,345
50 Total, all
foreigners 1,283,027 1,347,837 1,413,683
51 Foreign countries 1,271,337 1,335,954 1,398,407
52 Europe 419,672 427,375 448,070
53 Austria 2,717 3,178 2,789
54 Belgium and
Luxembourg 41,007 42,818 44,692
55 Denmark 1,514 1,437 2,196
56 Finland 2,246 1,862 1,658
57 France 46,607 44,616 49,790
58 Germany 23,737 21,357 24,748
59 Greece 1,552 2,066 3,748
60 Italy 11,378 7,103 6,775
61 Netherlands 7,385 10,793 8,310
62 Norway 317 710 1,327
63 Portugal 2,262 3,236 2,228
64 Russia 7,968 2,439 5,475
65 Spain 18,989 15,781 10,426
66 Sweden 1,628 3,027 4,652
67 Switzerland 39,023 50,654 65,985
68 Turkey 4,054 4,286 7,842
69 United Kingdom 181,904 181,554 176,234
70 Yugoslavia(11) 239 233 286
71 Other Europe and
other former
USSR(12) 25,145 30,225 28,909
72 Canada 28,341 30,212 34,119
73 Latin America
and Caribbean 536,393 554,866 577,737
74 Argentina 20,199 19,014 18,633
75 Bahamas 112,217 118,085 134,407
76 Bermuda 6,911 6,846 7,877
77 Brazil 31,037 15,815 12,860
78 British West Indies 276,418 302,486 312,779
79 Chile 4,072 5,015 7,008
80 Colombia 3,652 4,624 5,669
81 Cuba 66 62 75
82 Ecuador 2,078 1,572 1,956
83 Guatemala 1,494 1,336 1,626
84 Jamaica 450 577 520
85 Mexico 33,972 37,157 30,717
86 Netherlands Antilles 5,085 5,010 3,997
87 Panama 4,241 3,864 4,415
88 Peru 893 840 1,142
89 Uruguay 2,382 2,486 2,386
90 Venezuela 21,601 19,894 20,189
91 Other 9,625 10,183 11,481
92 Asia 269,379 307,960 319,363
China
93 Mainland 18,252 13,441 12,325
94 Taiwan 11,840 12,708 13,600
95 Hong Kong 17,722 20,900 27,697
96 India 4,567 5,250 7,367
97 Indonesia 3,554 8,282 6,567
98 Israel 6,281 7,749 7,488
99 Japan 143,401 168,563 159,075
100 Korea (South) 13,060 12,524 12,853
101 Philippines 3,250 3,324 3,253
102 Thailand 6,501 7,359 60,511
103 Middle Eastern
oil-exporting
countries(13) 14,959 15,609 21,284
104 Other 25,992 32,251 41,804
105 Africa 10,347 8,905 9,468
106 Egypt 1,663 1,339 2,022
107 Morocco 138 97 179
108 South Africa 2,158 1,522 1,495
109 Zaire 10 5 14
110 Oil-exporting
countries(14) 3,060 3,088 2,914
111 Other 3,318 2,854 2,844
112 Other 7,205 6,636 9,650
113 Australia 6,304 5,495 8,377
114 Other 901 1,141 1,273
115 Nonmonetary international
and regional
organizations 11,690 11,883 15,276
116 International(15) 10,517 10,221 12,876
117 Latin American
regional(16) 424 594 1,150
118 Other regional(17) 749 1,068 1,250
2000
Item
Jan. Feb. Mar.
BY HOLDER AND
TYPE OF LIABILITY
1 Total, all foreigners 1,413,811 1,407,301 1,406,476
2 Banks' own liabilities 981,461 970,752 960,303
3 Demand deposits 36,518 39,611 29,255
4 Time deposits(2) 162,147 165,682 167,031
5 Other(3) 174,682 163,884 161,533
6 Own foreign offices(4) 608,114 601,575 602,484
7 Banks' custodial
liabilities(5) 432,350 436,549 446,173
8 US Treasury bills and
certificates(6) 181,879 184,604 195,050
9 Other negotiable and
readily transferable
instruments(7) 129,551 128,673 127,630
10 Other 120,920 123,272 123,493
11 Nonmonetary international
and regional
organizations(8) 21,807 20,436 18,361
12 Banks' own liabilities 20,951 19,513 17,586
13 Demand deposits 202 148 71
14 Time deposits(2) 9,621 9,251 9,741
15 Other(3) 11,128 10,114 7,774
16 Banks' custodial
liabilities(5) 856 923 775
17 US Treasury bills
and certificates(6) 625 704 695
18 Other negotiable and
readily transferable
instruments(7) 225 213 71
19 Other 6 6 9
20 Official institutions(9) 288,301 287,263 301,021
21 Banks' own liabilities 82,678 79,652 87,187
22 Demand deposits 2,645 3,306 2,381
23 Time deposits(2) 25,909 27,690 30,117
24 Other(3) 54,124 48,656 54,689
25 Banks' custodial
liabilities(5) 205,623 207,611 213,834
26 US Treasury bills
and certificates(6) 153,548 156,995 164,781
27 Other negotiable and
readily transferable
instruments(7) 51,522 50,298 48,689
28 Other 553 318 364
29 Banks(10) 905,045 893,042 887,858
30 Banks' own liabilities 740,355 730,867 723,761
31 Unaffiliated foreign
banks 132,241 129,292 121,277
32 Demand deposits 12,964 12,424 13,930
33 Time deposits(2) 51,171 51,510 49,716
34 Other(3) 68,106 65,358 57,631
35 Own foreign offices(4) 608,114 601,575 602,484
36 Banks' custodial
liabilities(5) 164,690 162,175 164,097
37 US Treasury bills
and certificates(6) 17,582 14,635 15,770
38 Other negotiable and
readily transferable
instruments(7) 36,426 34,629 35,453
39 Other 110,682 112,911 112,874
40 Other foreigners 198,658 206,560 199,236
41 Banks' own liabilities 137,477 140,720 131,769
42 Demand deposits 20,707 23,733 12,873
43 Time deposits(2) 75,446 77,231 77,457
44 Other(3) 41,324 39,756 41,439
45 Banks' custodial
liabilities(5) 61,181 65,840 67,467
46 US Treasury bills
and certificates(6) 10,124 12,270 13,804
47 Other negotiable and
readily transferable
instruments(7) 41,378 43,533 43,417
48 Other 9,679 10,037 10,246
MEMO
49 Negotiable time
certificates of
deposit in custody
for foreigners 28,344 27,266 28,056
50 Total, all
foreigners 1,413,811 1,407,301 1,406,476
51 Foreign countries 1,392,004 1,386,865 1,388,115
52 Europe 450,033 451,022 449,760
53 Austria 2,648 2,997 2,570
54 Belgium and
Luxembourg 42,433 38,783 36,385
55 Denmark 2,510 2,533 3,235
56 Finland 1,290 1,479 2,015
57 France 48,530 49,839 43,666
58 Germany 24,097 23,916 25,176
59 Greece 3,145 4,000 3,216
60 Italy 6,261 5,405 5,278
61 Netherlands 7,271 7,797 7,617
62 Norway 834 1,169 1,336
63 Portugal 2,034 2,113 2,006
64 Russia 6,404 7,543 7,360
65 Spain 12,531 12,130 12,518
66 Sweden 4,673 4,792 5,425
67 Switzerland 64,282 61,335 81,934
68 Turkey 6,912 7,714 7,995
69 United Kingdom 184,52 187,347 169,156
70 Yugoslavia(11) 273 294 270
71 Other Europe and
other former
USSR(12) 29,385 29,836 32,602
72 Canada 32,965 33,387 36,147
73 Latin America
and Caribbean 599,593 596,273 596,211
74 Argentina 15,333 16,548 17,906
75 Bahamas 149,727 155,720 141,370
76 Bermuda 9,910 9,106 10,108
77 Brazil 12,230 12,785 14,889
78 British West Indies 320,352 311,990 320,120
79 Chile 6,366 6,244 5,752
80 Colombia 4,438 4,304 4,314
81 Cuba 75 75 100
82 Ecuador 1,985 2,035 2,141
83 Guatemala 1,636 1,617 1,706
84 Jamaica 540 571 671
85 Mexico 32,090 32,216 31,393
86 Netherlands Antilles 4,269 3,692 4,528
87 Panama 4,042 3,737 4,157
88 Peru 1,073 1,051 975
89 Uruguay 2,260 2,262 2,377
90 Venezuela 21,517 21,297 22,572
91 Other 11,750 11,023 11,132
92 Asia 29,041 287,375 287,636
China
93 Mainland 11,570 11,661 8,096
94 Taiwan 11,674 11,211 14,642
95 Hong Kong 25,951 24,038 22,672
96 India 5,491 5,405 6,258
97 Indonesia 6,853 7,495 7,837
98 Israel 6,581 7,680 8,338
99 Japan 149,033 145,314 145,074
100 Korea (South) 11,573 12,625 16,420
101 Philippines 1,937 2,540 2,277
102 Thailand 5,389 5,134 4,370
103 Middle Eastern
oil-exporting
countries(13) 16,927 15,811 16,132
104 Other 37,432 38,461 35,520
105 Africa 8,105 8,270 8,614
106 Egypt 1,616 1,703 1,770
107 Morocco 176 262 115
108 South Africa 7,311 698 673
109 Zaire 7 13 13
110 Oil-exporting
countries(14) 2,952 3,098 3,318
111 Other 2,624 2,496 2,725
112 Other 10,897 10,538 9,747
113 Australia 9,910 9,335 8,669
114 Other 987 1,203 1,078
115 Nonmonetary international
and regional
organizations 21,807 20,436 18,361
116 International(15) 19,708 17,561 16,306
117 Latin American
regional(16) 1,128 1,858 1,244
118 Other regional(17) 971 1,017 811
2000
Item
Apr. May June
BY HOLDER AND
TYPE OF LIABILITY
1 Total, all foreigners 1,406,149 457,629(r) 456,538
2 Banks' own liabilities 974,579 36,677(r) 17,537
3 Demand deposits 30,202 29,097 30,706
4 Time deposits(2) 182,683 176,927(r) 182,777
5 Other(3) 165,626 179,090 175,906
6 Own foreign offices(4) 596,068 651,563(r) 628,148
7 Banks' custodial
liabilities(5) 431,570 420,952 439,001
8 US Treasury bills and
certificates(6) 184,160 174,310 180,951
9 Other negotiable and
readily transferable
instruments(7) 124,209 123,580 124,670
10 Other 123,201 123,062 133,380
11 Nonmonetary international
and regional
organizations(8) 20,590 22,807 21,366
12 Banks' own liabilities 19,800 22,109 20,924
13 Demand deposits 58 36 34
14 Time deposits(2) 11,338 11,393 12,545
15 Other(3) 8,404 10,680 8,345
16 Banks' custodial
liabilities(5) 790 698 442
17 US Treasury bills
and certificates(6) 623 582 432
18 Other negotiable and
readily transferable
instruments(7) 77 113 10
19 Other 90 3 0
20 Official institutions(9) 295,331 284,622 293,319
21 Banks' own liabilities 87,379 87,931 88,449
22 Demand deposits 2,620 2,781 2,887
23 Time deposits(2) 36,587 31,645 33,520
24 Other(3) 48,172 53,505 52,042
25 Banks' custodial
liabilities(5) 207,952 196,691 204,870
26 US Treasury bills
and certificates(6) 157,607 148,820 157,190
27 Other negotiable and
readily transferable
instruments(7) 50,118 47,734 47,611
28 Other 227 137 69
29 Banks(10) 890,695 941,920(r) 930,649
30 Banks' own liabilities 730,194 781,795(r) 759,873
31 Unaffiliated foreign
banks 134,126 130,232 131,725
32 Demand deposits 14,404 13,254 14,537
33 Time deposits(2) 57,240 55,167 58,086
34 Other(3) 62,482 61,811 59,102
35 Own foreign offices(4) 596,068 651,563(r) 628,148
36 Banks' custodial
liabilities(5) 160,501 160,125 170,776
37 US Treasury bills
and certificates(6) 13,931 14,179 13,239
38 Other negotiable and
readily transferable
instruments(7) 33,790 33,667 34,657
39 Other 112,780 112,279 122,880
40 Other foreigners 199,533 208,280(r) 211,204
41 Banks' own liabilities 137,206 144,842(r) 148,291
42 Demand deposits 13,120 13,026 13,248
43 Time deposits(2) 77,518 78,722(r) 78,626
44 Other(3) 46,568 53,094 56,417
45 Banks' custodial
liabilities(5) 62,327 63,438 62,913
46 US Treasury bills
and certificates(6) 11,999 10,729 10,090
47 Other negotiable and
readily transferable
instruments(7) 40,224 42,066 42,392
48 Other 10,104 10,643 10,431
MEMO
49 Negotiable time
certificates of
deposit in custody
for foreigners 26,087 27,238 26,571
50 Total, all
foreigners 1,406,149 457,629(r) 456,538
51 Foreign countries 1,385,559 434,822(r) 1,435,172
52 Europe 433,784 435,694 448,745
53 Austria 2,302 2,468 2,697
54 Belgium and
Luxembourg 33,100 31,656 31,246
55 Denmark 2,601 3,629 3,444
56 Finland 1,744 1,529 1,380
57 France 45,324 43,577 42,105
58 Germany 23,710 24,875 28,943
59 Greece 3,188 3,030 2,765
60 Italy 4,789 7,142 6,676
61 Netherlands 7,277 6,823 8,728
62 Norway 1,197 963 2,189
63 Portugal 1,913 1,964 2,373
64 Russia 10,065 11,716 11,884
65 Spain 11,208 10,796 9,999
66 Sweden 5,165 4,390 5,434
67 Switzerland 69,208 63,700 59,561
68 Turkey 8,016 7,501 8,472
69 United Kingdom 169,222 176,824 187,806
70 Yugoslavia(11) 265 275 276
71 Other Europe and
other former
USSR(12) 33,490 32,836 32,767
72 Canada 40,562 36,229 37,256
73 Latin America
and Caribbean 604,685 663,827(r) 641,069
74 Argentina 18,487 16,496 16,540
75 Bahamas 159,115 174,132 182,216
76 Bermuda 9,710 8,713 8,021
77 Brazil 10,305 9,945 10,905
78 British West Indies 314,961 359,771(r) 324,994
79 Chile 5,933 6,095 6,192
80 Colombia 4,243 4,237 4,360
81 Cuba 77 77 85
82 Ecuador 2,193 2,274 2,272
83 Guatemala 1,628 1,669 1,649
84 Jamaica 670 706 674
85 Mexico 32,832 33,915 33,937
86 Netherlands Antilles 5,108 6,561 7,885
87 Panama 3,788 3,764 3,822
88 Peru 1,021 1,100 1,125
89 Uruguay 2,431 2,520 2,680
90 Venezuela 21,140 20,469 22,263
91 Other 11,043 11,383 11,449
92 Asia 288,745 282,325 290,014
China
93 Mainland 8,530 7,824 9,930
94 Taiwan 14,488 14,113 13,584
95 Hong Kong 22,873 23,951 23,952
96 India 5,586 5,703 5,558
97 Indonesia 7,275 7,064 7,400
98 Israel 7,058 5,541 6,123
99 Japan 147,409 148,668 153,662
100 Korea (South) 16,820 12,941 10,324
101 Philippines 2,290 1,750 1,999
102 Thailand 3,628 3,428 3,529
103 Middle Eastern
oil-exporting
countries(13) 19,005 18,647 18,538
104 Other 33,783 32,695 35,415
105 Africa 8,576 8,437 8,716
106 Egypt 1,663 1,722 1,962
107 Morocco 106 122 149
108 South Africa 687 662 595
109 Zaire 7 13 6
110 Oil-exporting
countries(14) 3,558 3,298 3,405
111 Other 2,555 2,620 2,599
112 Other 9,207 8,310 9,372
113 Australia 8,414 7,586 8,564
114 Other 793 724 808
115 Nonmonetary international
and regional
organizations 20,590 22,807 21,366
116 International(15) 19,207 21,375 20,106
117 Latin American
regional(16) 518 624 768
118 Other regional(17) 865 808 492
2000
Item
July(p)
BY HOLDER AND
TYPE OF LIABILITY
1 Total, all foreigners 485,518
2 Banks' own liabilities 55,667
3 Demand deposits 35,103
4 Time deposits(2) 186,614
5 Other(3) 178,666
6 Own foreign offices(4) 655,284
7 Banks' custodial
liabilities(5) 429,851
8 US Treasury bills and
certificates(6) 182,699
9 Other negotiable and
readily transferable
instruments(7) 120,624
10 Other 126,528
11 Nonmonetary international
and regional
organizations(8) 16,689
12 Banks' own liabilities 16,294
13 Demand deposits 30
14 Time deposits(2) 10,305
15 Other(3) 5,959
16 Banks' custodial
liabilities(5) 395
17 US Treasury bills
and certificates(6) 371
18 Other negotiable and
readily transferable
instruments(7) 21
19 Other 3
20 Official institutions(9) 301,279
21 Banks' own liabilities 94,298
22 Demand deposits 4,274
23 Time deposits(2) 34,756
24 Other(3) 55,268
25 Banks' custodial
liabilities(5) 206,981
26 US Treasury bills
and certificates(6) 160,093
27 Other negotiable and
readily transferable
instruments(7) 46,363
28 Other 525
29 Banks(10) 958,205
30 Banks' own liabilities 795,071
31 Unaffiliated foreign
banks 139,787
32 Demand deposits 17,496
33 Time deposits(2) 60,703
34 Other(3) 61,588
35 Own foreign offices(4) 655,284
36 Banks' custodial
liabilities(5) 163,134
37 US Treasury bills
and certificates(6) 12,657
38 Other negotiable and
readily transferable
instruments(7) 34,018
39 Other 116,459
40 Other foreigners 209,345
41 Banks' own liabilities 150,004
42 Demand deposits 13,303
43 Time deposits(2) 80,850
44 Other(3) 55,851
45 Banks' custodial
liabilities(5) 59,341
46 US Treasury bills
and certificates(6) 9,578
47 Other negotiable and
readily transferable
instruments(7) 40,222
48 Other 9,541
MEMO
49 Negotiable time
certificates of
deposit in custody
for foreigners 26,186
50 Total, all
foreigners 485,518
51 Foreign countries 468,829
52 Europe 481,812
53 Austria 3,224
54 Belgium and
Luxembourg 33,372
55 Denmark 3,522
56 Finland 1,745
57 France 42,384
58 Germany 26,323
59 Greece 2,920
60 Italy 5,702
61 Netherlands 12,339
62 Norway 2,374
63 Portugal 2,172
64 Russia 14,961
65 Spain 8,878
66 Sweden 5,091
67 Switzerland 78,197
68 Turkey 8,401
69 United Kingdom 197,238
70 Yugoslavia(11) 279
71 Other Europe and
other former
USSR(12) 32,690
72 Canada 37,253
73 Latin America
and Caribbean 643,584
74 Argentina 19,392
75 Bahamas 168,345
76 Bermuda 7,341
77 Brazil 11,916
78 British West Indies 341,441
79 Chile 5,439
80 Colombia 4,622
81 Cuba 122
82 Ecuador 2,179
83 Guatemala 1,718
84 Jamaica 710
85 Mexico 33,381
86 Netherlands Antilles 7,165
87 Panama 3,348
88 Peru 1,096
89 Uruguay 2,160
90 Venezuela 21,461
91 Other 11,748
92 Asia 285,086
China
93 Mainland 9,383
94 Taiwan 13,156
95 Hong Kong 25,693
96 India 5,689
97 Indonesia 7,472
98 Israel 5,793
99 Japan 147,554
100 Korea (South) 8,624
101 Philippines 1,649
102 Thailand 3,900
103 Middle Eastern
oil-exporting
countries(13) 22,127
104 Other 34,046
105 Africa 9,738
106 Egypt 1,778
107 Morocco 118
108 South Africa 793
109 Zaire 5
110 Oil-exporting
countries(14) 4,258
111 Other 2,786
112 Other 11,356
113 Australia 10,347
114 Other 1,009
115 Nonmonetary international
and regional
organizations 16,689
116 International(15) 15,295
117 Latin American
regional(16) 786
118 Other regional(17) 608
(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 US banks includes amounts owed to own foreign branches
and foreign subsidiaries consolidated in quarterly Consolidated
Reports of Condition filed with bank regulatory agencies. For
agencies, branches, and majority-owned subsidiaries of foreign
banks, consists principally of amounts owed to the head office
or parent foreign bank, and to foreign branches, agencies, or
wholly owned subsidiaries of the head office or parent foreign bank.
(5.) Financial claims on residents of the United States, other
than long-term securities, held by or through reporting banks
for foreign customers.
(6.) Includes nonmarketable certificates of indebtedness and
Treasury bills issued to official institutions of foreign countries.
(7.) Principally hankers acceptances, commercial paper, and
negotiable time certificates of deposit.
(8.) 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.
(9.) Foreign central banks, foreign central governments, and the
Bank for International Settlements.
(10.) Excludes central banks, which are included in "Official
institutions."
(11.) Since December 1992, has excluded Bosnia, Croatia, and Slovenia.
(12.) Includes the Bank for International Settlements. Since
December 1992, has included all parts of the former U.S.S.R.
(except Russia), and Bosnia, Croatia, and Slovenia.
(13.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi
Arabia, and United Arab Emirates (Trucial States).
(14.) Comprises Algeria, Gabon, Libya, and Nigeria.
(15.) Principally the International Bank for Reconstruction and
Development. Excludes "holdings of dollars" of the International
Monetary Fund.
(16.) Principally the Inter-American Development Bank.
(17.) 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 1997 1998 1999
1 Total, all foreigners 708,225 734,995 795,377
2 Foreign countries 705,762 731,378 790,814
3 Europe 199,880 233,321 315,905
4 Austria 1,354 1,043 2,643
5 Belgium and Luxembourg 6,641 7,187 10,193
6 Denmark 980 2,383 1,669
7 Finland 1,233 1,070 2,020
8 France 16,239 15,251 29,142
9 Germany 12,676 15,923 29,205
10 Greece 402 575 806
11 Italy 6,230 7,284 8,496
12 Netherlands 6,141 5,697 11,810
13 Norway 555 827 1,000
14 Portugal 777 669 1,571
15 Russia 1,248 789 713
16 Spain 2,942 5,735 3,796
17 Sweden 1,854 4,223 3,264
18 Switzerland 28,846 46,874 79,158
19 Turkey 1,558 1,982 2,617
20 United Kingdom 103,143 106,349 120,190
21 Yugoslavia(2) 52 53 50
22 Other Europe and other former
U.S.S.R.(3) 7,009 9,407 7,562
23 Canada 27,189 47,037 37,206
24 Latin America and Caribbean 343,730 342,654 353,416
25 Argentina 8,924 9,552 10,167
26 Bahamas 89,379 96,455 99,324
27 Bermuda 8,782 5,011 8,007
28 Brazil 21,696 16,184 15,706
29 British West Indies 145,471 153,749 167,189
30 Chile 7,913 8,250 6,607
31 Colombia 6,945 6,507 4,524
32 Cuba 0 0 0
33 Ecuador 1,311 1,400 760
34 Guatemala 886 1,127 1,135
35 Jamaica 424 239 295
36 Mexico 19,428 21,212 17,899
37 Netherlands Antilles 17,838 6,779 5,982
38 Panama 4,364 3,584 3,387
39 Peru 3,491 3,275 2,529
40 Uruguay 629 1,126 801
41 Venezuela 2,129 3,089 3,494
42 Other 4,120 5,115 5,610
43 Asia 125,092 98,607 74,914
China
44 Mainland 1,579 1,261 2,090
45 Taiwan 922 1,041 1,390
46 Hong Kong 13,991 9,080 5,893
47 India 2,200 1,440 1,738
48 Indonesia 2,651 1,942 1,776
49 Israel 768 1,166 1,875
50 Japan 59,549 46,713 28,636
51 Korea (South) 18,162 8,289 9,262
52 Philippines 1,689 1,465 1,410
53 Thailand 2,259 1,807 1,515
54 Middle Eastern oil-exporting
countries(4) 10,790 16,130 14,252
55 Other 10,532 8,273 5,077
56 Africa 3,530 3,122 2,268
57 Egypt 247 257 258
58 Morocco 511 372 352
59 South Africa 805 643 622
60 Zaire 0 0 24
61 Oil-exporting countries(5) 1,212 936 276
62 Other 755 914 736
63 Other 6,341 6,637 7,105
64 Australia 5,300 6,173 6,824
65 Other 1,041 464 281
66 Nonmonetary international and
regional organizations(6) 2,463 3,617 4,563
2000
Area or country
Jan. Feb. Mar.
1 Total, all foreigners 757,214 750,972 813,890
2 Foreign countries 751,596 746,305 809,581
3 Europe 308,133 314,504 361,470
4 Austria 3,020 2,471 2,493
5 Belgium and Luxembourg 8,898 9,777 8,022
6 Denmark 1,702 1,743 1,625
7 Finland 2,328 1,846 2,093
8 France 30,051 28,303 28,127
9 Germany 29,871 28,890 35,371
10 Greece 793 683 842
11 Italy 8,614 6,785 7,048
12 Netherlands 11,477 11,484 14,089
13 Norway 1,376 1,146 1,132
14 Portugal 1,307 1,155 1,043
15 Russia 701 743 709
16 Spain 4,581 4,339 3,187
17 Sweden 4,556 5,382 7,492
18 Switzerland 68,976 70,250 111,544
19 Turkey 2,969 3,031 3,053
20 United Kingdom 120,126 128,252 125,162
21 Yugoslavia(2) 50 50 50
22 Other Europe and other former
U.S.S.R.(3) 6,737 8,174 8,388
23 Canada 36,474 38,541 42,686
24 Latin America and Caribbean 323,537 314,839 323,816
25 Argentina 9,962 10,095 9,845
26 Bahamas 78,641 68,914 74,018
27 Bermuda 10,145 11,771 7,441
28 Brazil 15,031 15,382 14,981
29 British West Indies 157,469 156,776 166,284
30 Chile 6,672 6,224 6,511
31 Colombia 4,326 4,176 3,937
32 Cuba 0 0 0
33 Ecuador 692 730 688
34 Guatemala 1,067 1,170 1,181
35 Jamaica 298 332 328
36 Mexico 17,848 17,489 16,998
37 Netherlands Antilles 6,194 6,341 6,385
38 Panama 3,067 2,972 2,912
39 Peru 2,462 2,414 2,223
40 Uruguay 709 777 761
41 Venezuela 3,571 3,524 3,580
42 Other 5,383 5,752 5,743
43 Asia 73,342 69,074 72,692
China
44 Mainland 2,221 2,726 3,161
45 Taiwan 1,462 1,501 925
46 Hong Kong 5,240 4,453 4,519
47 India 1,616 1,802 1,749
48 Indonesia 1,711 1,743 1,817
49 Israel 1,853 1,832 3,412
50 Japan 28,612 25,559 27,310
51 Korea (South) 11,378 12,066 11,466
52 Philippines 1,088 1,058 1,698
53 Thailand 1,155 1,275 1,154
54 Middle Eastern oil-exporting
countries(4) 10,774 10,947 11,612
55 Other 6,232 4,112 3,869
56 Africa 2,786 2,453 1,991
57 Egypt 222 207 243
58 Morocco 299 313 279
59 South Africa 943 889 428
60 Zaire 0 0 0
61 Oil-exporting countries(5) 494 228 198
62 Other 828 816 843
63 Other 7,324 6,894 6,926
64 Australia 7,113 6,682 6,674
65 Other 211 212 252
66 Nonmonetary international and
regional organizations(6) 5,618 4,667 4,309
2000
Area or country
Apr. May
1 Total, all foreigners 815,083 820,782(r)
2 Foreign countries 810,081 816,439(r)
3 Europe 350,067 359,895
4 Austria 2,429 2,242
5 Belgium and Luxembourg 7,939 5,959
6 Denmark 1,940 2,001
7 Finland 2,087 2,414
8 France 30,958 35,217
9 Germany 33,991 31,521
10 Greece 864 828
11 Italy 7,034 6,565
12 Netherlands 13,932 14,377
13 Norway 1,499 1,832
14 Portugal 1,085 1,268
15 Russia 709 715
16 Spain 3,217 3,126
17 Sweden 8,100 7,112
18 Switzerland 97,688 105,573
19 Turkey 3,148 3,269
20 United Kingdom 125,935 128,259
21 Yugoslavia(2) 51 49
22 Other Europe and other former
U.S.S.R.(3) 7,461 7,568
23 Canada 43,300 45,481
24 Latin America and Caribbean 328,769 321,219
25 Argentina 9,732 9,507
26 Bahamas 72,312 71,459
27 Bermuda 5,685 6,478
28 Brazil 16,210 16,376
29 British West Indies 173,907 165,920
30 Chile 6,447 6,399
31 Colombia 3,907 4,032
32 Cuba 0 0
33 Ecuador 662 640
34 Guatemala 1,252 1,245
35 Jamaica 316 300
36 Mexico 16,944 16,771
37 Netherlands Antilles 6,388 6,579
38 Panama 2,844 2,984
39 Peru 2,356 2,515
40 Uruguay 714 708
41 Venezuela 3,474 3,595
42 Other 5,619 5,711
43 Asia 78,257 80,221(r)
China
44 Mainland 4,532 2,611
45 Taiwan 1,080 1,732(r)
46 Hong Kong 4,546 4,573
47 India 1,786 1,941
48 Indonesia 1,821 1,819
49 Israel 3,293 2,857
50 Japan 30,381 31,689
51 Korea (South) 12,209 14,018
52 Philippines 1,714 1,884
53 Thailand 1,081 1,137
54 Middle Eastern oil-exporting
countries(4) 10,765 11,666
55 Other 5,049 4,294(r)
56 Africa 2,054 2,109
57 Egypt 206 218
58 Morocco 300 271
59 South Africa 360 341
60 Zaire 0 0
61 Oil-exporting countries(5) 394 508
62 Other 794 771
63 Other 7,634 7,514
64 Australia 7,225 7,139
65 Other 409 375
66 Nonmonetary international and
regional organizations(6) 5,002 4,343
2000
Area or country
June July(p)
1 Total, all foreigners 825,898 827,987
2 Foreign countries 820,887 824,111
3 Europe 357,243 361,814
4 Austria 2,148 2,646
5 Belgium and Luxembourg 6,393 6,261
6 Denmark 3,440 3,349
7 Finland 2,650 2,946
8 France 28,633 25,848
9 Germany 33,585 30,454
10 Greece 837 754
11 Italy 7,724 6,483
12 Netherlands 15,668 13,155
13 Norway 1,935 2,404
14 Portugal 1,424 1,454
15 Russia 744 718
16 Spain 3,844 4,768
17 Sweden 8,744 8,460
18 Switzerland 86,284 94,549
19 Turkey 3,189 2,736
20 United Kingdom 141,769 147,138
21 Yugoslavia(2) 49 69
22 Other Europe and other former
U.S.S.R.(3) 8,183 7,622
23 Canada 42,591 40,383
24 Latin America and Caribbean 328,629 329,170
25 Argentina 9,386 9,428
26 Bahamas 80,393 73,275
27 Bermuda 6,285 6,906
28 Brazil 16,544 16,902
29 British West Indies 164,969 172,262
30 Chile 6,213 6,072
31 Colombia 3,796 3,907
32 Cuba 0 0
33 Ecuador 613 610
34 Guatemala 1,235 1,215
35 Jamaica 291 299
36 Mexico 17,066 16,432
37 Netherlands Antilles 6,502 6,652
38 Panama 3,063 2,981
39 Peru 2,458 2,488
40 Uruguay 620 649
41 Venezuela 3,471 3,357
42 Other 5,724 5,735
43 Asia 82,415 83,137
China
44 Mainland 1,688 1,822
45 Taiwan 1,339 926
46 Hong Kong 4,266 5,782
47 India 1,905 2,013
48 Indonesia 1,856 1,940
49 Israel 1,610 1,982
50 Japan 33,256 31,207
51 Korea (South) 15,866 18,924
52 Philippines 1,865 1,802
53 Thailand 1,255 1,051
54 Middle Eastern oil-exporting
countries(4) 12,128 10,366
55 Other 5,381 5,322
56 Africa 2,494 2,517
57 Egypt 230 217
58 Morocco 259 272
59 South Africa 772 423
60 Zaire 0 0
61 Oil-exporting countries(5) 430 751
62 Other 803 854
63 Other 7,515 7,090
64 Australia 7,240 6,890
65 Other 275 200
66 Nonmonetary international and
regional organizations(6) 5,011 3,876
(1.) Reporting banks include all types of depository institutions as
well as some brokers and dealers.
(2.) Since December 1992, has excluded Bosnia, Croatia, and Slovenia.
(3.) Includes the Bank for International Settlements. Since December
1992, has included all parts of the former U.S.S.R. (except Russia),
and Bosnia, Croatia, and Slovenia.
(4.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(5.) Comprises Algeria, Gabon, Libya, and Nigeria.
(6.) 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 1997 1998 1999
1 Total 852,852 875,891 947,176(r)
2 Banks' claims 708,225 734,995 795,377
3 Foreign public borrowers 20,581 23,542 35,090
4 Own foreign offices(2) 431,685 484,535 528,397
5 Unaffiliated foreign banks 109,230 106,206 101,227
6 Deposits 30,995 27,230 34,360
7 Other 78,235 78,976 66,867
8 All other foreigners 146,729 120,712 130,663
9 Claims of banks' domestic
customers(3) 144,627 140,896 151,799(r)
10 Deposits 73,110 79,363 88,006(r)
11 Negotiable and readily trans-
ferable instruments(4) 53,967 47,914 51,161
12 Outstanding collections and
other claims 17,550 13,619 12,632
MEMO
13 Customer liability on
acceptances 9,624 4,520 4,553(r)
14 Dollar deposits in banks
abroad, reported by
nonbanking business
enterprises in the United
States(5) 33,816 39,978 31,125
2000
Type of claim
Jan. Feb. Mar.
1 Total ... ... 1,010,415(r)
2 Banks' claims 757,214 750,972 813,890
3 Foreign public borrowers 42,241 36,541 36,036
4 Own foreign offices(2) 490,280 496,771 552,218
5 Unaffiliated foreign banks 93,524 87,666 96,030
6 Deposits 24,259 21,275 24,361
7 Other 69,265 66,391 71,669
8 All other foreigners 131,169 129,994 129,606
9 Claims of banks' domestic
customers(3) ... ... 196,525(r)
10 Deposits ... ... 128,490(r)
11 Negotiable and readily trans-
ferable instruments(4) ... ... 56,032
12 Outstanding collections and
other claims ... ... 12,003
MEMO
13 Customer liability on
acceptances ... ... 4,464(r)
14 Dollar deposits in banks
abroad, reported by
nonbanking business
enterprises in the United
States(5) 41,559 48,225 53,657
2000
Type of claim
Apr. May(r)
1 Total ... ...
2 Banks' claims 815,083 820,782
3 Foreign public borrowers 37,300 43,092
4 Own foreign offices(2) 557,339 549,165
5 Unaffiliated foreign banks 91,849 92,280
6 Deposits 22,399 24,769
7 Other 69,450 67,511
8 All other foreigners 128,595 136,245
9 Claims of banks' domestic
customers(3) ... ...
10 Deposits ... ...
11 Negotiable and readily trans-
ferable instruments(4) ... ...
12 Outstanding collections and
other claims ... ...
MEMO
13 Customer liability on
acceptances ... ...
14 Dollar deposits in banks
abroad, reported by
nonbanking business
enterprises in the United
States(5) 45,383 44,868
2000
Type of claim
June July(p)
1 Total 1,010,005 ...
2 Banks' claims 825,898 827,987
3 Foreign public borrowers 41,461 48,499
4 Own foreign offices(2) 553,262 553,133
5 Unaffiliated foreign banks 92,911 89,236
6 Deposits 22,373 21,861
7 Other 70,538 67,375
8 All other foreigners 138,264 137,119
9 Claims of banks' domestic
customers(3) 184,107 ...
10 Deposits 106,055 ...
11 Negotiable and readily trans-
ferable instruments(4) 62,975 ...
12 Outstanding collections and
other claims 15,077 ...
MEMO
13 Customer liability on
acceptances 5,082 ...
14 Dollar deposits in banks
abroad, reported by
nonbanking business
enterprises in the United
States(5) 44,139 46,254
(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.) Includes demand and time deposits and negotiable and nonnegotiable
certificates of deposit denominated in U.S. dollars issued by banks
abroad.
3.20 BANKS' OWN CLAIMS ON UNAFFILIATED FOREIGNERS Reported by Banks in
the United States(1) Payable in U.S. Dollars
Millions of dollars, end of period
Maturity, by borrower and 1996 1997 1998
area(2)
1 Total 258,106 276,550 250,418
By borrower
2 Maturity of one year or less 211,859 205,781 186,526
3 Foreign public borrowers 15,411 12,081 13,671
4 All other foreigners 196,448 193,700 172,855
5 Maturity of more than one
year 46,247 70,769 63,892
6 Foreign public borrowers 6,790 8,499 9,839
7 All other foreigners 39,457 62,270 54,053
By area
Maturity of one year or less
8 Europe 55,690 58,294 68,679
9 Canada 8,339 9,917 10,968
10 Latin America and
Caribbean 103,254 97,207 81,766
11 Asia 38,078 33,964 18,007
12 Africa 1,316 2,211 1,835
13 All other(3) 5,182 4,188 5,271
Maturity of more than one
year
14 Europe 6,965 13,240 14,923
15 Canada 2,645 2,525 3,140
16 Latin America and
Caribbean 24,943 42,049 33,442
17 Asia 9,392 10,235 10,018
18 Africa 1,361 1,236 1,232
19 All other(3) 941 1,484 1,137
1999(r) 2000
Maturity, by borrower and
area(2)
Sept. Dec. Mar.(r) June(p)
1 Total 270,098 266,309 261,056 273,022
By borrower
2 Maturity of one year or less 196,772 187,383 180,453 187,028
3 Foreign public borrowers 22,526 22,811 23,436 25,289
4 All other foreigners 174,246 164,572 157,017 161,739
5 Maturity of more than one
year 73,326 78,926 80,603 85,994
6 Foreign public borrowers 12,162 12,013 12,802 15,484
7 All other foreigners 61,164 66,913 67,801 70,510
By area
Maturity of one year or less
8 Europe 82,566 80,842 79,639 76,366
9 Canada 8,544 7,859 8,408 7,353
10 Latin America and
Caribbean 78,063 68,987 62,325 66,065
11 Asia 20,859 21,802 23,002 29,231
12 Africa 1,119 1,122 957 1,569
13 All other(3) 5,621 6,771 6,122 6,444
Maturity of more than one
year
14 Europe 18,619 22,951 23,951 25,116
15 Canada 3,193 3,192 3,127 3,323
16 Latin America and
Caribbean 38,154 38,789 39,194 41,758
17 Asia 10,641 11,257 11,612 12,446
18 Africa 1,087 1,065 965 924
19 All other(3) 1,632 1,672 1,754 2,427
(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
1998
Area or country 1996 1997 June
1 Total 645.8 721.8 1017.2
2 G-10 countries and
Switzerland 228.3 242.8 273.9
3 Belgium and Luxembourg 11.7 11.0 14.0
4 France 16.6 15.4 21.7
5 Germany 29.8 28.6 30.5
6 Italy 16.0 15.5 21.1
7 Netherlands 4.0 6.2 8.6
8 Sweden 2.6 3.3 3.1
9 Switzerland 5.3 7.2 7.0
10 United Kingdom 104.7 113.4 125.9
11 Canada 14.0 13.7 16.7
12 Japan 23.7 28.6 25.3
13 Other industrialized
countries 66.1 65.5 78.7
14 Austria 1.1 1.5 1.9
15 Denmark 1.5 2.4 2.2
16 Finland .8 1.3 1.4
17 Greece 6.7 5.1 5.8
18 Norway 8.0 3.6 3.4
19 Portugal .9 .9 1.4
20 Spain 13.3 12.6 17.5
21 Turkey 2.7 4.5 6.5
22 Other Western Europe 4.9 8.3 9.9
23 South Africa 2.0 2.2 6.9
24 Australia 24.0 23.1 21.8
25 OPEC(2) 19.8 26.0 25.5
26 Ecuador 1.1 1.3 1.2
27 Venezuela 2.4 2.5 3.3
28 Indonesia 5.2 6.7 5.1
29 Middle East countries 10.7 14.4 15.6
30 African countries .4 1.2 .3
31 Non-OPEC developing
countries 130.3 139.2 146.1
Latin America
32 Argentina 14.3 18.4 20.9
33 Brazil 20.7 28.6 30.3
34 Chile 7.0 8.7 9.1
35 Colombia 4.1 3.4 3.6
36 Mexico 16.2 17.4 18.1
37 Peru 1.6 2.0 2.2
38 Other 3.3 4.1 4.4
Asia
China
39 Mainland 2.5 3.2 3.9
40 Taiwan 10.3 9.5 11.8
41 India 4.3 4.9 4.9
42 Israel .5 .7 .9
43 Korea (South) 21.5 15.6 14.6
44 Malaysia 6.0 5.1 4.7
45 Philippines 5.8 5.7 5.4
46 Thailand 5.7 5.4 5.0
47 Other Asia 4.1 4.3 3.7
Africa
48 Egypt .7 .9 1.5
49 Morocco .7 .6 .6
50 Zaire .1 .0 .0
51 Other Africa .9 .8 .8
52 Eastern Europe 6.9 9.1 11.3
53 Russia(4) 3.7 5.1 6.9
54 Other 3.2 4.0 4.4
55 Offshore banking centers 135.1 140.2 130.0
56 Bahamas 20.5 24.2 28.6
57 Bermuda 4.5 9.8 9.4
58 Cayman Islands and other
British West Indies 37.2 43.4 34.3
59 Netherlands Antilles 26.1 14.6 10.5
60 Panama(5) 2.0 3.1 3.3
61 Lebanon .1 .1 .1
62 Hong Kong, China 27.9 32.2 30.0
63 Singapore 16.7 12.7 13.6
64 Other(6) .1 .1 .2
65 Miscellaneous and
unallocated(7) 59.6 99.1 351.7
1998 1999
Area or country
Sept. Dec. Mar. June
1 Total 1071.9 1051.6 992.8 939.4
2 G-10 countries and
Switzerland 240.0 217.7 208.7 223.1
3 Belgium and Luxembourg 11.7 10.7 15.6 16.1
4 France 20.3 18.4 21.6 20.4
5 Germany 31.4 30.9 34.7 32.1
6 Italy 18.5 11.5 17.8 16.4
7 Netherlands 8.4 7.8 10.7 13.3
8 Sweden 2.1 2.3 4.0 2.6
9 Switzerland 7.6 8.5 7.8 8.2
10 United Kingdom 100.1 85.4 56.1 74.3
11 Canada 15.9 16.8 15.9 17.1
12 Japan 23.9 25.4 24.6 22.6
13 Other industrialized
countries 78.5 69.0 80.1 79.7
14 Austria 2.1 1.4 2.8 2.8
15 Denmark 3.0 2.2 3.4 2.9
16 Finland 1.6 1.4 1.5 .9
17 Greece 5.8 5.9 6.5 5.9
18 Norway 3.2 3.2 3.1 3.0
19 Portugal 1.1 1.4 1.4 1.2
20 Spain 19.5 13.7 15.7 16.6
21 Turkey 5.2 4.8 5.2 4.9
22 Other Western Europe 10.4 10.4 10.2 10.2
23 South Africa 5.4 4.4 4.8 4.7
24 Australia 21.4 20.3 25.4 26.6
25 OPEC(2) 26.0 27.1 26.2 26.1
26 Ecuador 1.2 1.3 1.2 1.1
27 Venezuela 3.1 3.2 3.5 3.2
28 Indonesia 4.7 4.7 4.5 5.0
29 Middle East countries 16.1 17.0 16.7 16.5
30 African countries .8 1.0 .4 .4
31 Non-OPEC developing
countries 140.4 143.4 146.7 148.6
Latin America
32 Argentina 22.9 23.1 24.3 22.8
33 Brazil 24.0 24.7 24.2 25.1
34 Chile 8.5 8.3 8.6 8.2
35 Colombia 3.4 3.2 3.3 3.1
36 Mexico 18.7 18.9 19.7 18.5
37 Peru 2.2 2.2 2.2 2.1
38 Other 4.6 5.4 5.3 5.5
Asia
China
39 Mainland 2.8 3.0 5.0 5.3
40 Taiwan 12.5 13.3 11.8 12.6
41 India 5.3 5.5 5.5 6.7
42 Israel .9 1.1 1.1 2.0
43 Korea (South) 13.1 13.7 13.7 15.3
44 Malaysia 5.0 5.6 5.9 6.0
45 Philippines 4.7 5.1 5.4 5.7
46 Thailand 5.3 4.7 4.5 4.2
47 Other Asia 3.1 2.9 3.0 2.8
Africa
48 Egypt 1.7 1.3 1.4 1.4
49 Morocco .5 .5 .5 .5
50 Zaire .0 .0 .0 .0
51 Other Africa 1.1 1.0 12.0 1.0
52 Eastern Europe 6.3 5.5 7.1 5.8
53 Russia(4) 2.8 2.2 2.3 2.1
54 Other 3.5 3.3 4.8 3.7
55 Offshore banking centers 121.0 93.9 93.6 75.9
56 Bahamas 30.7 35.4 32.6 20.4
57 Bermuda 10.4 4.6 3.9 5.7
58 Cayman Islands and other
British West Indies 27.8 12.8 13.9 7.2
59 Netherlands Antilles 6.0 2.6 2.7 1.3
60 Panama(5) 4.0 3.9 3.9 3.9
61 Lebanon .2 .1 .1 .1
62 Hong Kong, China 30.6 23.3 228.0 22.0
63 Singapore 11.1 11.1 13.5 15.2
64 Other(6) .2 .2 .2 .1
65 Miscellaneous and
unallocated(7) 459.9 495.1 430.4 380.2
1999 2000
Area or country
Sept. Dec. Mar. June(p)
1 Total 937.4 936.7(r) 952.7 991.0
2 G-10 countries and
Switzerland 206.1 236.5(r) 284.1 323.3
3 Belgium and Luxembourg 15.7 14.3 14.2 13.8
4 France 19.9 29.0 27.1 32.6
5 Germany 37.4 38.7 37.3 31.5
6 Italy 15.0 18.1 20.0 20.0
7 Netherlands 10.6 12.3 17.1 16.1
8 Sweden 3.6 3.0 3.9 3.5
9 Switzerland 8.8 10.3 10.1 13.8
10 United Kingdom 51.7 72.4(r) 113.5 148.3
11 Canada 17.8 16.3 17.5 18.2
12 Japan 25.6 22.0 23.5 25.4
13 Other industrialized
countries 71.7 68.4 62.8 76.2
14 Austria 3.0 3.5 2.6 2.8
15 Denmark 2.1 2.6 1.5 1.2
16 Finland .9 .9 .8 1.3
17 Greece 6.6 6.0 5.7 6.8
18 Norway 3.8 3.3 3.0 4.6
19 Portugal 1.2 1.0 1.0 2.0
20 Spain 15.1 12.1 11.3 12.2
21 Turkey 4.7 4.8 5.1 5.6
22 Other Western Europe 9.2 6.8 8.3 8.8
23 South Africa 4.0 3.8 4.8 4.6
24 Australia 21.1 23.5 18.6 26.3
25 OPEC(2) 30.1 31.4 28.9 32.3
26 Ecuador .9 .8 .7 .7
27 Venezuela 3.0 2.8 3.0 2.9
28 Indonesia 4.4 4.2 3.9 4.1
29 Middle East countries 21.4 23.0 21.1 24.0
30 African countries .5 .5 .2 .7
31 Non-OPEC developing
countries 142.5 147.3 152.5 155.6
Latin America
32 Argentina 22.1 22.4 21.3 20.3
33 Brazil 22.1 26.4 26.9 27.0
34 Chile 7.7 7.4 8.2 8.1
35 Colombia 2.7 2.5 2.5 2.4
36 Mexico 19.4 18.7 18.3 20.5
37 Peru 1.8 1.7 1.9 2.1
38 Other 5.5 5.9 6.5 6.7
Asia
China
39 Mainland 3.3 3.6 4.6 3.8
40 Taiwan 12.3 12.0 12.6 12.6
41 India 7.0 7.7 7.9 8.2
42 Israel 1.0 1.8 3.3 1.5
43 Korea (South) 16.0 15.1 17.4 21.2
44 Malaysia 6.1 6.1 6.5 6.8
45 Philippines 5.8 6.2 5.3 5.3
46 Thailand 4.0 4.1 4.3 4.0
47 Other Asia 2.8 2.9 2.6 2.5
Africa
48 Egypt 1.3 1.4 1.4 1.3
49 Morocco .5 .4 .3 .3
50 Zaire .0 .0 .0 .0
51 Other Africa 1.0 1.0 .9 .9
52 Eastern Europe 5.4 5.2 6.3 9.4
53 Russia(4) 2.0 1.6 1.7 1.5
54 Other 3.4 3.6 4.7 7.9
55 Offshore banking centers 90.3 60.1 42.0 52.4
56 Bahamas 29.4 13.9 2.4 .5
57 Bermuda 8.2 8.0 7.3 6.3
58 Cayman Islands and other
British West Indies 6.3 1.3 .0 5.1
59 Netherlands Antilles 9.1 1.7 2.5 2.6
60 Panama(5) 3.9 3.9 3.4 3.3
61 Lebanon .2 .1 .1 .1
62 Hong Kong, China 22.4 21.0 22.2 20.7
63 Singapore 10.6 10.1 4.1 13.6
64 Other(6) .2 .1 .1 .1
65 Miscellaneous and
unallocated(7) 391.2 387.9 376.1 341.9
(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 1996 1997 1998
1 Total 61,782 57,382 46,570
2 Payable in dollars 39,542 41,543 36,668
3 Payable in foreign currencies 22,240 15,839 9,902
By type
4 Financial liabilities 33,049 26,877 19,255
5 Payable in dollars 11,913 12,630 10,371
6 Payable in foreign currencies 21,136 14,247 8,884
7 Commercial liabilities 28,733 30,505 27,315
8 Trade payables 12,720 10,904 10,978
9 Advance receipts and other liabilities 16,013 19,601 16,337
10 Payable in dollars 27,629 28,913 26,297
11 Payable in foreign currencies 1,104 1,592 1,018
By area or country
Financial liabilities
12 Europe 23,179 18,027 12,589
13 Belgium and Luxembourg 632 186 79
14 France 1,091 1,425 1,097
15 Germany 1,834 1,958 2,063
16 Netherlands 556 494 1,406
17 Switzerland 699 561 155
18 United Kingdom 17,161 11,667 5,980
19 Canada 1,401 2,374 693
20 Latin America and Caribbean 1,668 1,386 1,495
21 Bahamas 236 141 7
22 Bermuda 50 229 101
23 Brazil 78 143 152
24 British West Indies 1,030 604 957
25 Mexico 17 26 59
26 Venezuela 1 1 2
27 Asia 6,423 4,387 3,785
28 Japan 5,869 4,102 3,612
29 Middle Eastern oil-exporting
countries(1) 25 27 0
30 Africa 38 60 28
31 Oil-exporting countries(2) 0 0 0
32 All other(3) 340 643 665
Commercial liabilities
33 Europe 9,767 10,228 10,030
34 Belgium and Luxembourg 479 666 278
35 France 680 764 920
36 Germany 1,002 1,274 1,392
37 Netherlands 766 439 429
38 Switzerland 624 375 499
39 United Kingdom 4,303 4,086 3,697
40 Canada 1,090 1,175 1,390
41 Latin America and Caribbean 2,574 2,176 1,618
42 Bahamas 63 16 14
43 Bermuda 297 203 198
44 Brazil 196 220 152
45 British West Indies 14 12 10
46 Mexico 665 565 347
47 Venezuela 328 261 202
48 Asia 13,422 14,966 12,342
49 Japan 4,614 4,500 3,827
50 Middle Eastern oil-exporting
countries(1) 2,168 3,111 2,852
51 Africa 1,040 874 794
52 Oil-exporting countries(2) 532 408 393
53 Other(3) 840 1,086 1,141
1998 1999
Type of liability, and area or country
Dec. Mar. June
1 Total 46,570 46,663 49,337
2 Payable in dollars 36,668 34,030 36,032
3 Payable in foreign currencies 9,902 12,633 13,305
By type
4 Financial liabilities 19,255 22,458 25,058
5 Payable in dollars 10,371 11,225 13,205
6 Payable in foreign currencies 8,884 11,233 11,853
7 Commercial liabilities 27,315 24,205 24,279
8 Trade payables 10,978 9,999 10,935
9 Advance receipts and other liabilities 16,337 14,206 13,344
10 Payable in dollars 26,297 22,805 22,827
11 Payable in foreign currencies 1,018 1,400 1,452
By area or country
Financial liabilities
12 Europe 12,589 16,098 19,578
13 Belgium and Luxembourg 79 50 70
14 France 1,097 1,178 1,287
15 Germany 2,063 1,906 1,959
16 Netherlands 1,406 1,337 2,104
17 Switzerland 155 141 143
18 United Kingdom 5,980 9,729 13,097
19 Canada 693 781 320
20 Latin America and Caribbean 1,495 1,528 1,369
21 Bahamas 7 1 1
22 Bermuda 101 78 52
23 Brazil 152 137 131
24 British West Indies 957 1,064 944
25 Mexico 59 22 19
26 Venezuela 2 2 1
27 Asia 3,785 3,475 3,217
28 Japan 3,612 3,337 3,035
29 Middle Eastern oil-exporting
countries(1) 0 1 2
30 Africa 28 31 29
31 Oil-exporting countries(2) 0 2 0
32 All other(3) 665 545 545
Commercial liabilities
33 Europe 10,030 8,580 8,718
34 Belgium and Luxembourg 278 229 189
35 France 920 654 656
36 Germany 1,392 1,088 1,143
37 Netherlands 429 361 432
38 Switzerland 499 535 497
39 United Kingdom 3,697 3,008 2,959
40 Canada 1,390 1,597 1,670
41 Latin America and Caribbean 1,618 1,612 1,674
42 Bahamas 14 11 19
43 Bermuda 198 225 180
44 Brazil 152 107 112
45 British West Indies 10 7 5
46 Mexico 347 437 490
47 Venezuela 202 155 149
48 Asia 12,342 10,428 10,039
49 Japan 3,827 2,715 2,753
50 Middle Eastern oil-exporting
countries(1) 2,852 2,479 2,209
51 Africa 794 727 832
52 Oil-exporting countries(2) 393 377 392
53 Other(3) 1,141 1,261 1,346
1999 2000
Type of liability, and area or country
Sept. Dec. Mar.
1 Total 52,979 53,044 52,555
2 Payable in dollars 36,296 37,605 34,680
3 Payable in foreign currencies 16,683 15,415 17,875
By type
4 Financial liabilities 27,422 27,980 28,246
5 Payable in dollars 12,231 13,883 11,924
6 Payable in foreign currencies 15,191 14,097 16,322
7 Commercial liabilities 25,557 25,064 24,309
8 Trade payables 12,651 12,857 12,401
9 Advance receipts and other liabilities 12,906 12,207 11,908
10 Payable in dollars 24,065 23,722 22,756
11 Payable in foreign currencies 1,492 1,318 1,553
By area or country
Financial liabilities
12 Europe 21,695 23,241 23,116
13 Belgium and Luxembourg 50 31 4
14 France 1,675 1,659 1,405
15 Germany 1,712 1,974 1,390
16 Netherlands 2,066 1,996 1,970
17 Switzerland 133 147 97
18 United Kingdom 15,096 16,521 16,579
19 Canada 344 284 313
20 Latin America and Caribbean 1,180 892 846
21 Bahamas 1 1 1
22 Bermuda 26 5 1
23 Brazil 122 126 128
24 British West Indies 786 492 489
25 Mexico 28 25 22
26 Venezuela 0 0 0
27 Asia 3,622 3,437 3,275
28 Japan 3,384 3,142 2,985
29 Middle Eastern oil-exporting
countries(1) 3 3 4
30 Africa 31 28 28
31 Oil-exporting countries(2) 0 0 0
32 All other(3) 550 98 668
Commercial liabilities
33 Europe 9,265 9,262 8,646
34 Belgium and Luxembourg 128 140 78
35 France 620 672 539
36 Germany 1,201 1,131 914
37 Netherlands 535 507 648
38 Switzerland 593 626 536
39 United Kingdom 3,175 3,071 2,661
40 Canada 1,753 1,775 2,024
41 Latin America and Caribbean 1,957 2,310 2,286
42 Bahamas 24 22 9
43 Bermuda 178 152 287
44 Brazil 120 145 115
45 British West Indies 39 48 23
46 Mexico 704 887 805
47 Venezuela 182 305 193
48 Asia 10,428 9,886 9,681
49 Japan 2,689 2,609 2,274
50 Middle Eastern oil-exporting
countries(1) 2,618 2,551 2,308
51 Africa 959 950 943
52 Oil-exporting countries(2) 584 499 536
53 Other(3) 1,195 881 729
(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 1996 1997 1998
1 Total 65,897 68,128 77,462
2 Payable in dollars 59,156 62,173 72,171
3 Payable in foreign currencies 6,741 5,955 5,291
By type
4 Financial claims 37,523 36,959 46,260
5 Deposits 21,624 22,909 30,199
6 Payable in dollars 20,852 21,060 28,549
7 Payable in foreign
currencies 772 1,849 1,650
8 Other financial claims 15,899 14,050 16,061
9 Payable in dollars 12,374 11,806 14,049
10 Payable in 3,525 2,244 2,012
foreign currencies
11 Commercial claims 28,374 31,169 31,202
12 Trade receivables 25,751 27,536 27,202
13 Advance payments and other
claims 2,623 3,633 4,000
14 Payable in dollars 25,930 29,307 29,573
15 Payable in foreign currencies 2,444 1,862 1,629
By area or country
Financial claims
16 Europe 11,085 14,999 12,294
17 Belgium and Luxembourg 185 406 661
18 France 694 1,015 864
19 Germany 276 427 304
20 Netherlands 493 677 875
21 Switzerland 474 434 414
22 United Kingdom 7,922 10,337 7,766
23 Canada 3,442 3,313 2,503
24 Latin America and Caribbean 20,032 15,543 27,714
25 Bahamas 1,553 2,308 403
26 Bermuda 140 108 39
27 Brazil 1,468 1,313 835
28 British West Indies 15,536 10,462 24,388
29 Mexico 457 537 1,245
30 Venezuela 31 36 55
31 Asia 2,221 2,133 3,027
32 Japan 1,035 823 1,194
33 Middle Eastern oil-exporting
countries(1) 22 11 9
34 Africa 174 319 159
35 Oil-exporting countries(2) 14 15 16
36 All other(3) 569 652 563
COmmercial claims
37 Europe 10,443 12,120 13,246
38 Belgium and Luxembourg 226 328 238
39 France 1,644 1,796 2,171
40 Germany 1,337 1,614 1,822
41 Netherlands 562 597 467
42 Switzerland 642 554 483
43 United Kingdom 2,946 3,660 4,769
44 Canada 2,165 2,660 2,617
45 Latin America and Caribbean 5,276 5,750 6,296
46 Bahamas 35 27 24
47 Bermuda 275 244 536
48 Brazil 1,303 1,162 1,024
49 British West Indies 190 109 104
50 Mexico 1,128 1,392 1,545
51 Venezuela 357 576 401
52 Asia 8,376 8,713 7,192
53 Japan 2,003 1,976 1,681
54 Middle Eastern 971 1,107 1,135
oil-exporting countries(1)
55 Africa 746 680 711
56 Oil-exporting countries(2) 166 119 165
57 Other(3) 1,368 1,246 1,140
1998 1999
Type of claim, and
area or country
Dec. Mar. June
1 Total 77,462 69,054 63,884
2 Payable in dollars 72,171 64,026 57,006
3 Payable in foreign currencies 5,291 5,028 6,878
By type
4 Financial claims 46,260 38,217 31,957
5 Deposits 30,199 18,686 13,350
6 Payable in dollars 28,549 17,101 11,636
7 Payable in foreign
currencies 1,650 1,585 1,714
8 Other financial claims 16,061 19,531 18,607
9 Payable in dollars 14,049 17,457 14,800
10 Payable in 2,012
foreign currencies 2,074 3,807
11 Commercial claims 31,202 30,837 31,927
12 Trade receivables 27,202 26,724 27,791
13 Advance payments and other
claims 4,000 4,113 4,136
14 Payable in dollars 29,573 29,468 30,570
15 Payable in foreign currencies 1,629 1,369 1,357
By area or country
Financial claims
16 Europe 12,294 12,881 13,978
17 Belgium and Luxembourg 661 469 457
18 France 864 913 1,368
19 Germany 304 302 367
20 Netherlands 875 993 997
21 Switzerland 414 530 504
22 United Kingdom 7,766 8,400 8,631
23 Canada 2,503 3,111 2,828
24 Latin America and Caribbean 27,714 18,825 11,486
25 Bahamas 403 666 467
26 Bermuda 39 41 39
27 Brazil 835 1,112 1,102
28 British West Indies 24,388 14,621 7,393
29 Mexico 1,245 1,583 1,702
30 Venezuela 55 72 71
31 Asia 3,027 2,648 2,801
32 Japan 1,194 942 949
33 Middle Eastern oil-exporting
countries(1) 9 8 5
34 Africa 159 174 228
35 Oil-exporting countries(2) 16 26 5
36 All other(3) 563 578 636
COmmercial claims
37 Europe 13,246 12,782 12,961
38 Belgium and Luxembourg 238 281 286
39 France 2,171 2,173 2,094
40 Germany 1,822 1,599 1,660
41 Netherlands 467 415 389
42 Switzerland 483 367 385
43 United Kingdom 4,769 4,529 4,615
44 Canada 2,617 2,983 2,855
45 Latin America and Caribbean 6,296 5,930 6,278
46 Bahamas 24 10 21
47 Bermuda 536 500 583
48 Brazil 1,024 936 887
49 British West Indies 104 117 127
50 Mexico 1,545 1,431 1,478
51 Venezuela 401 361 384
52 Asia 7,192 7,080 7,690
53 Japan 1,681 1,486 1,511
54 Middle Eastern 1,135 1,286 1,465
oil-exporting countries(1)
55 Africa 711 685 738
56 Oil-exporting countries(2) 165 116 202
57 Other(3) 1,140 1,377 1,405
1999 2000
Type of claim, and
area or country
Sept. Dec. Mar.(r)
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 1.23 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 21 29
34 Africa 251 286 232
35 Oil-exporting countries(2) 12 15 15
36 All other(3) 622 706 1,227
COmmercial claims
37 Europe 14,367 16,389 16,118
38 Belgium and Luxembourg 289 316 271
39 France 2,375 2,236 2,520
40 Germany 1,944 1,960 2,034
41 Netherlands 617 1,429 1,337
42 Switzerland 714 610 611
43 United Kingdom 4,789 5,827 5,354
44 Canada 2,638 2,757 3,088
45 Latin America and Caribbean 5,879 5,959 5,899
46 Bahamas 29 20 15
47 Bermuda 549 390 404
48 Brazil 763 905 849
49 British West Indies 157 181 95
50 Mexico 1,613 1,678 1,529
51 Venezuela 365 439 435
52 Asia 8,579 9,165 9,101
53 Japan 1,823 2,074 2,082
54 Middle Eastern 1,479 1,625
oil-exporting countries(1) 1,533
55 Africa 682 631 716
56 Oil-exporting countries(2) 221 171 82
57 Other(3) 1,544 1,537 1,546
(1.) Comprises Bahrain, Iran, Iraq, 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
2000
Transaction, and area or
country 1998 1999
Jan-
July
U.S. corporate securities
STOCKS
1 Foreign purchases 1,574,192 2,340,659 2,112,597
2 Foreign sales 1,524,203 2,233,137 2,003,563
3 Net purchases, or sales (-) 49,989 107,522 109,034
4 Foreign countries 50,369 107,578 108,993
5 Europe 68,124 98,060 110,060
6 France 5,672 3,813 3,513
7 Germany 9,195 13,410 25,239
8 Netherlands 8,249 8,083 1,642
9 Switzerland 5,001 5,650 10,862
10 United Kingdom 23,952 42,902 32,653
11 Canada -4,689 -335 2,494
12 Latin America and Caribbean 757 5,187 -9,168
13 Middle East(1) -1,449 -1,066 6,858
14 Other Asia -12,351 4,445 -2,597
15 Japan -1,171 5,723 -5,877
16 Africa 639 372 519
17 Other countries -662 915 827
18 Nonmonetary international and
regional organizations -380 -56 41
BONDS(2)
19 Foreign purchases 905,782 856,804 657,336
20 Foreign sales 727,044 602,109 487,354
21 Net purchases, or sales (-) 178,738 254,695 169,982
22 Foreign countries
179,081 255,097 170,014
23 Europe 130,057 140,674 90,776
24 France 3,386 1,870 1,944
25 Germany 4,369 7,723 1,944
26 Netherlands 3,443 2,446 -208
27 Switzerland 4,826 4,553 1,994
28 United Kingdom 99,637 106,344 69,894
29 Canada 6,121 6,043 8,021
30 Latin America and Caribbean 23,938 60,861 33,645
31 Middle East(1) 4,997 1,979 1,070
32 Other Asia 12,662 42,842 35,021
33 Japan 8,384 17,541 15,570
34 Africa 190 1,411 693
35 Other countries 1,116 1,287 788
36 Nonmonetary international and
regional organizations -343 -402 -32
Foreign securities
37 Stocks, net purchases,
or sales (-) 6,227 15,640 -23,584
38 Foreign purchases 929,923 1,177,303 1,073,083
39 Foreign sales 923,696 1,161,663 1,096,667
40 Bonds, net purchases, or
sales (-) -17,350 -5,676 4,750
41 Foreign purchases 1,328,281 798,267 514,956
42 Foreign sales 1,345,631 803,943 510,206
43 Net purchases, or sales (-),
of stocks and bonds -11,123 9,964 -18,834
44 Foreign countries -10,778 9,679 -18,972
45 Europe 12,632 59,247 -15,269
46 Canada -1,901 -999 -3,754
47 Latin America and Caribbean -13,798 -4,726 -13,578
48 Asia -3,992 -42,961 12,936
49 Japan -1,742 -43,637 16,423
50 Africa -1,225 710 971
51 Other countries -2,494 -1,592 -278
52 Nonmonetary international and
regional organizations -345 285 138
2000
Transaction, and area or
country
Jan. Feb. Mar.
U.S. corporate securities
STOCKS
1 Foreign purchases 263,946 293,110 402,373
2 Foreign sales 253,365 265,365 378,141
3 Net purchases, or sales (-) 10,581 27,745 24,232
4 Foreign countries 10,539 27,626 24,414
5 Europe 15,704 24,375 18,594
6 France -240 529 1,831
7 Germany 5,633 5,425 4,532
8 Netherlands -281 516 277
9 Switzerland 2,926 4,804 -913
10 United Kingdom 2,246 6,685 4,794
11 Canada 666 890 286
12 Latin America and Caribbean -5,190 1,989 4,840
13 Middle East(1) 677 1,179 2,124
14 Other Asia -1,645 -860 -1,716
15 Japan -1,603 -1,115 -2,604
16 Africa 150 2 205
17 Other countries 177 55 81
18 Nonmonetary international and
regional organizations 42 119 -182
BONDS(2)
19 Foreign purchases 79,045 99,605 106,302
20 Foreign sales 58,889 69,476 76,979
21 Net purchases, or sales (-) 20,156 30,129 29,323
22 Foreign countries 20,161 30,147 29,422
23 Europe 10,083 17,063 19,454
24 France -114 1,124 620
25 Germany -618 702 348
26 Netherlands -23 -97 94
27 Switzerland -47 526 202
28 United Kingdom 10,324 13,478 15,479
29 Canada 2,133 1,324 689
30 Latin America and Caribbean 4,658 9,659 3,680
31 Middle East(1) -86 -177 670
32 Other Asia 2,623 2,545 4,506
33 Japan 1,113 1,173 2,010
34 Africa 677 -130 -11
35 Other countries 73 -137 434
36 Nonmonetary international and
regional organizations -5 -18 -99
Foreign securities
37 Stocks, net purchases,
or sales (-) 1,107 -8,884 -8,173
38 Foreign purchases 134,949 176,940 177,090
39 Foreign sales 133,842 185,824 185,263
40 Bonds, net purchases, or
sales (-) -3,498 -1,986 -3,431
41 Foreign purchases 62,186 74,380 83,838
42 Foreign sales 65,684 76,366 87,269
43 Net purchases, or sales (-),
of stocks and bonds -2,391 -10,870 -11,604
44 Foreign countries -2,551 -10,899 -11,703
45 Europe 754 -4,969 -5,923
46 Canada -471 -1,865 -1,400
47 Latin America and Caribbean -4,868 -4,252 -701
48 Asia 1,955 -713 -4,086
49 Japan 866 -879 -1,458
50 Africa 99 184 384
51 Other countries -20 716 23
52 Nonmonetary international and
regional organizations 160 29 99
2000
Transaction, and area or
country
Apr. May
U.S. corporate
securities
STOCKS
1 Foreign purchases 309,778 268,454
2 Foreign sales 306,474 262,142
3 Net purchases, or sales (-) 3,304 6,312
4 Foreign countries 3,243 6,291
5 Europe 12,289 7,496
6 France 1,341 -588
7 Germany 3,431 3,355
8 Netherlands 113 -133
9 Switzerland 1,689 585
10 United Kingdom 558 1,440
11 Canada 9 834
12 Latin America and Caribbean -11,441 -2,633
13 Middle East(1) 2,071 705
14 Other Asia 52 -121
15 Japan -446 -1,045
16 Africa 228 -50
17 Other countries 35 60
18 Nonmonetary international and
regional organizations 61 21
BONDS(2)
19 Foreign purchases 88,155 89,760(r)
20 Foreign sales 70,900 68,212(r)
21 Net purchases, or sales (-) 17,255 21,548(r)
22 Foreign countries 17,260 21,490(r)
23 Europe 7,640 9,475
24 France -34 104
25 Germany 288 175
26 Netherlands 279 283
27 Switzerland -18 9
28 United Kingdom 4,274 6,237
29 Canada 764 1,076
30 Latin America and Caribbean 4,724 2,786(r)
31 Middle East(1) 347 -47
32 Other Asia 3,753 7,996(r)
33 Japan 580 3,491
34 Africa 35 40
35 Other countries -3 164
36 Nonmonetary international and
regional organizations -5 58
Foreign securities
37 Stocks, net purchases,
or sales (-) 723 8,535
38 Foreign purchases 154,322 145,408
39 Foreign sales 153,599 136,873
40 Bonds, net purchases, or
sales (-) 798 4,263
41 Foreign purchases 63,916 79,534
42 Foreign sales 63,118 75,271
43 Net purchases, or sales (-),
of stocks and bonds 1,521 12,798
44 Foreign countries 1,356 12,722
45 Europe 1,628 10,113
46 Canada -422 -1,234
47 Latin America and Caribbean -5,155 -845
48 Asia 5,695 4,971
49 Japan 4,688 5,978
50 Africa -143 -51
51 Other countries -247 -232
52 Nonmonetary international and
regional organizations 165 76
2000
Transaction, and area or
country
June July(r)
U.S. corporate
securities
STOCKS
1 Foreign purchases 300,356 274,580
2 Foreign sales 282,563 255,513
3 Net purchases, or sales (-) 17,793 19,067
4 Foreign countries 17,823 19,057
5 Europe 14,853 16,749
6 France -653 1,293
7 Germany 2,544 319
8 Netherlands 584 546
9 Switzerland 67 1,704
10 United Kingdom 7,026 9,904
11 Canada -46 -145
12 Latin America and Caribbean 1,898 1,369
13 Middle East(1) 4 98
14 Other Asia 870 823
15 Japan 439 497
16 Africa 54 -66
17 Other countries 190 229
18 Nonmonetary international and
regional organizations -30 10
BONDS(2)
19 Foreign purchases 107,281 87,188
20 Foreign sales 75,117(r) 67,781
21 Net purchases, or sales (-) 32,164(r) 19,407
22 Foreign countries 32,215(r) 19,319
23 Europe 19,378 7,683
24 France 159 85
25 Germany 897 152
26 Netherlands -169 -575
27 Switzerland 324 998
28 United Kingdom 16,218 3,884
29 Canada 1,092 943
30 Latin America and Caribbean 4,390 3,748
31 Middle East(1) 99 264
32 Other Asia 7,059(r) 6,539
33 Japan 3,945(r) 3,258
34 Africa 72 10
35 Other countries 125 132
36 Nonmonetary international and
regional organizations -51 88
Foreign securities
37 Stocks, net purchases,
or sales (-) -2,046(r) -14,846
38 Foreign purchases 152,149(r) 132,225
39 Foreign sales 154,195(r) 147,071
40 Bonds, net purchases, or
sales (-) 5,770 2,834
41 Foreign purchases 82,951 68,151
42 Foreign sales 77,181 65,317
43 Net purchases, or sales (-),
of stocks and bonds 3,724(r) -12,012
44 Foreign countries 3,874(r) -11,771
45 Europe -1,434(r) -15,438
46 Canada 1,399 239
47 Latin America and Caribbean 1,981 262
48 Asia 1,878 3,236
49 Japan 3,243 3,985
50 Africa -33 531
51 Other countries 83 -601
52 Nonmonetary international and
regional organizations -150 -241
(1.) Comprises oil-exporting countries as follows: Bahrain,
Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab
Emirates (Trucial States).
(2.) Includes state and local government securities and
securities of U.S. government agencies and corporations.
Also includes issues of new debt securities sold
abroad by U.S. corporations oragnized to finance direct
investments abroad.
3.25 MARKETABLE U.S. TREASURY BONDS AND NOTES Foreign Transactions(1)
Millions of dollars; net purchases, or sales (-) during period
2000
Area or country 1998 1999
Jan.-
July
1 Total estimated 49,039 -9,953 -18,263
2 Foreign countries 46,570 -10,518 -17,430
3 Europe 23,797 -38,228 -31,651
4 Belgium and Luxembourg 3,805 -81 -215
5 Germany 144 2,285 -3,704
6 Netherlands -5,533 2,122 2,388
7 Sweden 1,486 1,699 706
8 Switzerland 5,240 -1,761 -8,730
9 United Kingdom 14,384 -20,232 -20,843
10 Other Europe and former USSR 4,271 -22,260 -1,253
11 Canada 615 7,348 558
12 Latin America and Caribbean -3,662 -7,523 -3,391
13 Venezuela 59 362 226
14 Other Latin America and
Caribbean 9,523 1,661 -6,728
15 Netherlands Antilles -13,244 -9,546 3,111
16 Asia 27,433 29,359 16,306
17 Japan 13,048 20,102 6,298
18 Africa 751 -3,021 -218
19 Other -2,364 1,547 966
20 Nonmonetary international
and regional organizations 2,469 565 -833
21 International 1,502 190 -797
22 Latin American regional 199 666 52
MEMO
23 Foreign countries 46,570 -10,518 -17,430
24 Official institutions 4,123 -9,861 10,918
25 Other foreign 42,447 -657 -28,348
Oil-exporting countries
26 Middle East(2) 165,524 2,207 5,875
27 Africa(3) 2 0 0
2000
Area or country
Jan. Feb. Mar.
1 Total estimated 9,543 5,563 -16,871
2 Foreign countries 9,578 5,770 -17,092
3 Europe 214 -2,443 -9,971
4 Belgium and Luxembourg 731 65 116
5 Germany 1,706 -866 -1,352
6 Netherlands 806 2,475 539
7 Sweden 499 -100 263
8 Switzerland -3,407 -1,382 5
9 United Kingdom -450 -1,261 -5,150
10 Other Europe and former USSR 329 -1,374 -4,392
11 Canada -582 8 640
12 Latin America and Caribbean -2,409 6,844 -4,789
13 Venezuela 54 13 24
14 Other Latin America and
Caribbean -3,837 2,482 -1,596
15 Netherlands Antilles 1,374 4,349 -3,217
16 Asia 12,403 1,064 -2,943
17 Japan 1,297 -1,874 494
18 Africa -43 80 -19
19 Other -5 217 -10
20 Nonmonetary international
and regional organizations -35 -207 221
21 International -7 -194 151
22 Latin American regional 0 0 70
MEMO
23 Foreign countries 9,578 5,770 -17,092
24 Official institutions 6,763 1,777 -569
25 Other foreign 2,815 3,993 -16,523
Oil-exporting countries
26 Middle East(2) 2,913 170 283
27 Africa(3) 0 0 0
2000
Area or country
Apr. May June
1 Total estimated 14,520 -7,018 -17,932
2 Foreign countries 14,484 -6,820 -17,597
3 Europe -632 -2,526 -9,935
4 Belgium and Luxembourg -498 -743 252
5 Germany -1,676 74 609
6 Netherlands 700 -1,159 -389
7 Sweden -289 266 -47
8 Switzerland -288 -337 -1,928
9 United Kingdom -533 178 -9,243
10 Other Europe and former USSR 1,952 -805 811
11 Canada 1,819 -681 226
12 Latin America and Caribbean 2,509 -3,122 -3,839
13 Venezuela 26 4 16
14 Other Latin America and
Caribbean 258 -548 -4,748
15 Netherlands Antilles 2,225 -2,578 893
16 Asia 11,166 -908 -3,988
17 Japan 10,855 -2,486 -2,660
18 Africa 4 -114 -130
19 Other -382 531 69
20 Nonmonetary international
and regional organizations 36 -198 -335
21 International 30 -158 -286
22 Latin American regional 6 -14 -9
MEMO
23 Foreign countries 14,484 -6,820 -17,597
24 Official institutions 6,403 -1,405 -1,412
25 Other foreign 8,081 -5,415 -16,185
Oil-exporting countries
26 Middle East(2) 811 572 859
27 Africa(3) 0 0 0
2000
Area or country
July(p)
1 Total estimated -6,068
2 Foreign countries -5,753
3 Europe -6,358
4 Belgium and Luxembourg -138
5 Germany -2,199
6 Netherlands -584
7 Sweden 114
8 Switzerland -1,393
9 United Kingdom -4,384
10 Other Europe and former USSR 2,226
11 Canada -872
12 Latin America and Caribbean 1,415
13 Venezuela 89
14 Other Latin America and
Caribbean 1,261
15 Netherlands Antilles 65
16 Asia -488
17 Japan 672
18 Africa 4
19 Other 546
20 Nonmonetary international
and regional organizations -315
21 International -333
22 Latin American regional -1
MEMO
23 Foreign countries -5,753
24 Official institutions -639
25 Other foreign -5,114
Oil-exporting countries
26 Middle East(2) 267
27 Africa(3) 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 nomarketable U.S. Treasury bonds and notes by official
institutions of foreign countries.
(2.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar,
Saudi Arabia, and United Arab Emirates (Trucial States).
(3.) 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
1997 1998
Exchange Rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar(2) 74.37 62.91
2 Austria/schilling 12.206 12.379
3 Belgium/franc 35.81 36.31
4 Brazil/real 1.0779 1.1605
5 Canada/dollar 1.3849 1.4836
6 China, PR/yuan 8.3193 8.3008
7 Denmark/krone 6.6092 6.7030
8 European Monetary
Union/euro(3) n.a. n.a.
9 Finland/markka 5.1956 5.3473
10 France/franc 5.8393 5.8995
11 Germany/deutsche mark 1.7348 1.7597
12 Greece/drachma 273.28 295.70
13 Hong Kong/dollar 7.7431 7.7467
14 India/rupee 36.36 41.36
15 Ireland/pound(2) 151.63 142.48
16 Italy/lira 1,703.81 1,736.85
17 Japan/yen 121.06 130.99
18 Malaysia/ringgit 2.8173 3.9254
19 Mexico/peso 7.918 9.152
20 Netherlands/guilder 1.9525 1.9837
21 New Zealand/dollar(2) 66.25 53.61
22 Norway/krone 7.0857 7.5521
23 Portugal/escudo 175.44 180.25
24 Singapore/dollar 1.4857 1.6722
25 South Africa/rand 4.6072 5.5417
26 South Korea/won 947.65 1,400.40
27 Spain/peseta 146.53 149.41
28 Sri Lanka/rupee 59.026 65.006
29 Sweden/krona 7.6446 7.9522
30 Switzerland/franc 1.4514 1.4506
31 Taiwan/dollar 28.775 33.547
32 Thailand/bart 31.072 41.262
33 United Kingdom/pound(2) 163.76 165.73
34 Venezuela/bolivar 488.87 548.39
Indexes(4)
NOMINAL
35 Broad (January 1997
= 100)(5) 104.44 116.48
36 Major currencies
(March 1973 = 100)(6) 91.24 95.79
37 Other important
trading partners (January
1997 = 100)(7) 104.67 126.03
REAL
38 Broad (March 1973 = 100)(5) 91.24(r) 99.25(r)
39 Major currencies
(March 1973 = 100)(6) 92.26 97.25
40 Other important trading
partners (March
1973 = 100)(7) 95.58(r) 108.20(r)
2000
1999
Apr.
Exchange Rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar(2) 64.54 59.60
2 Austria/schilling n.a. n.a.
3 Belgium/franc n.a. n.a.
4 Brazil/real 1.8207 1.7696
5 Canada/dollar 1.4858 1.4689
6 China, PR/yuan 8.2781 8.2793
7 Denmark/krone 6.9900 7.8872
8 European Monetary
Union/euro(3) 1.0653 0.9449
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 306.30 355.02
13 Hong Kong/dollar 7.7594 7.7880
14 India/rupee 43.13 43.68
15 Ireland/pound(2) n.a. n.a.
16 Italy/lira n.a. n.a.
17 Japan/yen 113.73 105.63
18 Malaysia/ringgit 3.8000 3.8000
19 Mexico/peso 9.553 9.394
20 Netherlands/guilder n.a. n.a.
21 New Zealand/dollar(2) 52.94 49.60
22 Norway/krone 7.8071 8.6272
23 Portugal/escudo n.a. n.a.
24 Singapore/dollar 1.6951 1.7096
25 South Africa/rand 6.1191 6.6480
26 South Korea/won 1,189.84 1,110.32
27 Spain/peseta n.a. n.a.
28 Sri Lanka/rupee 70.868 74.123
29 Sweden/krona 8.2740 8.7486
30 Switzerland/franc 1.5045 1.6657
31 Taiwan/dollar 32.322 30.520
32 Thailand/bart 37.887 37.993
33 United Kingdom/pound(2) 161.72 158.23
34 Venezuela/bolivar 606.82 672.73
Indexes(4)
NOMINAL
35 Broad (January 1997
= 100)(5) 116.87 118.10
36 Major currencies
(March 1973 = 100)(6) 94.07 96.31
37 Other important
trading partners (January
1997 = 100)(7) 129.94 129.05
REAL
38 Broad (March 1973 = 100)(5) 98.66(r) 100.67(r)
39 Major currencies
(March 1973 = 100)(6) 96.75 100.70(r)
40 Other important trading
partners (March
1973 = 100)(7) 107.44(r) 106.91(r)
2000
May June
Exchange Rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar(2) 57.84 59.49
2 Austria/schilling n.a. n.a.
3 Belgium/franc n.a. n.a.
4 Brazil/real 1.8278 1.8099
5 Canada/dollar 1.4957 1.4770
6 China, PR/yuan 8.2781 8.2772
7 Denmark/krone 8.2329 7.8501
8 European Monetary
Union/euro(3) 0.9059 0.9505
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 371.63 354.14
13 Hong Kong/dollar 7.7907 7.7934
14 India/rupee 44.08 44.76
15 Ireland/pound(2) n.a. n.a.
16 Italy/lira n.a. n.a.
17 Japan/yen 108.32 106.13
18 Malaysia/ringgit 3.8000 3.8000
19 Mexico/peso 9.506 9.834
20 Netherlands/guilder n.a. n.a.
21 New Zealand/dollar(2) 47.08 47.05
22 Norway/krone 9.0533 8.6807
23 Portugal/escudo n.a. n.a.
24 Singapore/dollar 1.7286 1.7277
25 South Africa/rand 7.0238 6.9147
26 South Korea/won 1,119.49 1,117.94
27 Spain/peseta n.a. n.a.
28 Sri Lanka/rupee 74.867 76.736
29 Sweden/krona 9.0925 8.7471
30 Switzerland/franc 1.7190 1.6420
31 Taiwan/dollar 30.772 30.831
32 Thailand/bart 38.951 39.087
33 United Kingdom/pound(2) 150.90 150.92
34 Venezuela/bolivar 680.00 680.96
Indexes(4)
NOMINAL
35 Broad (January 1997
= 100)(5) 120.70 119.43
36 Major currencies
(March 1973 = 100)(6) 99.31 96.74
37 Other important
trading partners (January
1997 = 100)(7) 130.43 131.62
REAL
38 Broad (March 1973 = 100)(5) 102.77(r) 102.32(r)
39 Major currencies
(March 1973 = 100)(6) 103.70(r) 101.32(r)
40 Other important trading
partners (March
1973 = 100)(7) 107.95(r) 109.35(r)
2000
July Aug. Sept.
Exchange Rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar(2) 58.70 58.08 55.21
2 Austria/schilling n.a. n.a. n.a.
3 Belgium/franc n.a. n.a. n.a.
4 Brazil/real 1.7982 1.8091 1.8397
5 Canada/dollar 1.4778 1.4828 1.4864
6 China, PR/yuan 8.2794 8.2796 8.2785
7 Denmark/krone 7.9471 8.2459 8.5849
8 European Monetary
Union/euro(3) 0.9386 0.9045 0.8695
9 Finland/markka n.a. n.a. n.a.
10 France/franc n.a. n.a. n.a.
11 Germany/deutsche mark n.a. n.a. n.a.
12 Greece/drachma 359.04 372.97 389.67
13 Hong Kong/dollar 7.7969 7.7995 7.7985
14 India/rupee 44.84 45.77 45.97
15 Ireland/pound(2) n.a. n.a. n.a.
16 Italy/lira n.a. n.a. n.a.
17 Japan/yen 108.21 108.08 106.84
18 Malaysia/ringgit 3.8000 3.8000 3.8000
19 Mexico/peso 9.419 9.2720 9.362
20 Netherlands/guilder n.a. n.a. n.a.
21 New Zealand/dollar(2) 45.97 44.52 41.71
22 Norway/krone 8.7185 8.9526 9.2331
23 Portugal/escudo n.a. n.a. n.a.
24 Singapore/dollar 1.7414 1.7206 1.7406
25 South Africa/rand 6.8971 6.9570 7.1805
26 South Korea/won 1,115.08 1,114.47 1,117.57
27 Spain/peseta n.a. n.a. n.a.
28 Sri Lanka/rupee 78.852 78.2830 78.731
29 Sweden/krona 8.9640 9.2771 9.6853
30 Switzerland/franc 1.6519 1.7149 1.7586
31 Taiwan/dollar 30.984 31.106 31.198
32 Thailand/bart 40.318 40.889 41.992
33 United Kingdom/pound(2) 150.76 148.89 143.36
34 Venezuela/bolivar 685.86 689.17 690.39
Indexes(4)
NOMINAL
35 Broad (January 1997
= 100)(5) 119.86 120.65 122.08
36 Major currencies
(March 1973 = 100)(6) 97.68 99.16 100.76
37 Other important
trading partners (January
1997 = 100)(7) 131.08 130.51 131.39
REAL
38 Broad (March 1973 = 100)(5) 102.47(r) 103.01(r) 104.11
39 Major currencies
(March 1973 = 100)(6) 102.45(r) 104.08(r) 105.89
40 Other important trading
partners (March
1973 = 100(7) 108.88(r) 108.00(r) 108.26
(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) As of January 1999, the euro is reported in place of the
individual euro area currencies. By convention, the rate is
reported in U.S. dollars per euro. These 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
(4.) The December 1999 Bulletin contains revised index values
resulting from the annual revisions to the trade weights. For more
information on the indexes of the foreign exchange value of the
dollar, see Federal Reserve Bulletin, vol. 84 (October 1998), pp.
811-18.
(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 of each currencies 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 important 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
weight of the subset of currencies in the index sum to one.
Guide to Statistical Releases and Special Tables
Guide to Statistical Releases and Special Tables
STATISTICAL
RELEASES--List Published
Semiannually, with Latest
Bulletin Reference
Anticipated schedule
of release dates for Issue Page
periodic releases June 2000 A72
SPECIAL TABLES--Data
Published Irregularly,
with Latest Bulletin
Reference
Title and Date Issue Page
Assets and liabilities
of commercial banks
September 30, 1999 February 2000 A64
December 31, 1999 May 2000 A64
March 31, 2000 August 2000 A64
June 30, 2000 November 2000 A64
Terms of lending
at commercial banks
November 1999 February 2000 A66
February 2000 May 2000 A66
May 2000 August 2000 A66
August 2000 November 2000 A66
Assets and liabilities
of US branches and
agencies of foreign
banks
September 30, 1999 February 2000 A72
December 31, 1999 May 2000 A72
March 31, 2000 August 2000 A72
June 30, 2000 November 2000 A72
Pro forma balance
sheet and income
statements for priced
service operations
September 30, 1999 January 2000 A64
March 31, 2000 August 2000 A76
June 30, 2000 November 2000 A76
Residential lending
reported under the
Home Mortgage
Disclosure Act
1998 September 1999 A64
1999 September 2000 A64
Disposition of
applications for
private mortgage
insurance
1998 September 1999 A73
1999 September 2000 A73
Small loans to
businesses and farms
1998 September 1999 A76
1999 September 2000 A76
Community development
lending reported
under the Community
Reinvestment Act
1998 September 1999 A79
1999 September 2000 A79
4.20 DOMESTIC AND FOREIGN OFFICES Insured Commercial Bank Assets and
Liabilities Consolidated Report of Condition, June 30, 2000
Millions of dollars except as noted
Domestic
Item Total total
1 Total assets(3) 5,912,147 5,208,477
2 Cash and balances
due from depository institutions 337,766 244,286
3 Cash items in process of collection,
unposted debits, and currency
and coin n.a. n.a.
4 Cash items in process of
collection and unposted debits n.a. n.a.
5 Currency and coin n.a. n.a.
6 Balances due from depository
institutions in the United States n.a. n.a.
7 Balances due from banks in
foreign countries and foreign
central banks n.a. n.a.
8 Balances due from Federal
Reserve Banks n.a. n.a.
MEMO
9 Non-interest-beating balances due
from commercial banks in the
United States (included in balances
due from depository institutions in
the United States) n.a. 33,535
10 Total securities, held-to-maturity
(amortized cost) and
available-for-sale (fair value) 1,028,435 n.a.
11 U.S. Treasury securities 100,045 n.a.
12 U.S. government agency and
corporation obligations (excludes
mortgage-backed securities) 215,051 n.a.
13 Issued by U.S. government agencies 4,692 n.a.
14 Issued by U.S. government-sponsored
agencies 210,359 n.a.
15 Securities issued by states and
political subdivisions in the
United States 89,713 n.a.
16 General obligations 64,751 n.a.
17 Revenue obligations 24,255 n.a.
18 Industrial development and similar
obligations 706 n.a.
19 Mortgage-backed securities (MBS) 446,815 n.a.
20 Pass-through securities 281,405 n.a.
21 Guaranteed by GNMA 71,891 n.a.
22 Issued by FNMA and FHLMC 207,352 n.a.
23 Privately issued 2,163 n.a.
24 Other mortgage-backed securities
(includes CMOs, REMICs, and
stripped MBS) 165,410 n.a.
25 Issued or guaranteed by FNMA,
FHLMC or GNMA 114,032 n.a.
26 Collateralized by MBS issued or
guaranteed by FNMA, FHLMC, or
GNMA 3,910 n.a.
27 All other mortgage-backed
securities 47,468 n.a.
28 Other debt securities 137,715 n.a.
29 Other domestic debt securities n.a. n.a.
30 Foreign debt securities n.a. n.a.
31 Equity securities 39,096 n.a.
32 Investments in mutual funds and
other equity securities with
readily determinable fair value 12,546 n.a.
33 All other equity securities 26,550 n.a.
34 Federal funds sold and securities
purchased under agreements to resell 242,698 188,477
35 Total loans and lease-financing
receivables, gross 3,662,692 3,371,731
36 LESS: Unearned income on loans 3,075 2,495
37 Total loans and leases (net
of unearned income) 3,659,617 3,369,236
38 LESS: Allowance for loan and lease
losses 60,616 n.a.
39 LESS: Allocated transfer risk
reserves 133 n.a.
40 EQUALS: Total loans and leases, net 3,598,867 n.a.
Total loans and leases, gross,
by category
41 Loans secured by real estate 1,612,976 1,580,960
42 Construction and land development n.a. 148,657
43 Farmland n.a. 33,717
44 One- to four-family residential
properties n.a. 895,369
45 Revolving, open-end loans, extended
under lines of credit n.a. 116,106
46 All other loans n.a. 779,263
47 Multifamily (five or more)
residential properties n.a. 59,428
48 Nonfarm nonresidential properties n.a. 443,790
49 Loans to depository institutions 107,653 89,590
50 Commercial banks in the United States n.a. n.a.
51 Other depository institutions in the
United States n.a. n.a.
52 Banks in foreign countries n.a. n.a.
53 Loans to finance agricultural
production and other loans to farmers 46,747 45,921
54 Commercial and industrial loans 1,027,817 867,232
55 U.S. addressees (domicile) n.a. n.a.
56 Non-U.S. addressees (domicile) n.a. n.a.
57 Acceptances of other banks 1,318 579
58 U.S. banks n.a. n.a.
59 Foreign banks n.a. n.a.
60 Loans to individuals for household,
family, and other personal
expenditures (includes purchased
paper) 548,296 506,177
61 Credit cards and related plans 204,169 n.a.
62 Other (includes single payment and
installment) 344,127 n.a.
63 Obligations (other than securities) of
states and political subdivisions in
the United States (includes nonrated
industrial development obligations) 20,030 20,023
64 All other loans 141,166 110,249
65 Loans to foreign governments and
official institutions n.a. n.a.
66 Other loans n.a. n.a.
67 Loans for purchasing and carrying
securities n.a. n.a.
68 All other loans (excludes
consumer loans) n.a. n.a.
69 Lease-financing receivables 156,688 151,000
70 Assets held in trading accounts 271,517 n.a.
71 Premises and fixed assets (including
capitalized leases) 73,546 n.a.
72 Other real estate owned 3,026 n.a.
73 Investments in unconsolidated
subsidiaries and associated companies 9,238 n.a.
74 Customers' liability on acceptances
outstanding 9,992 n.a.
75 Net due from own foreign offices,
Edge Act and agreement subsidiaries,
and IBFs n.a. 22,105
76 Intangible assets 99,184 n.a.
77 All other assets 237,877 n.a.
78 Total liabilities, limited-life
preferred stock, and equity capital 5,912,147 n.a.
79 Total liabilities 5,418,226 4,714,556
80 Total deposits 3,944,353 3,259,182
81 Individuals, partnerships, and
corporations 3,505,399 3,031,333
82 U.S. government n.a. 7,309
83 States and political subdivisions in
the United States n.a. 148,239
84 Commercial banks in the United States 101,276 36,224
85 Other depository institutions in the
United States n.a. 8,329
86 Foreign banks, governments, and
official institutions 146,887 10,667
87 Banks n.a. n.a.
88 Governments and official
institutions n.a. n.a.
89 Certified and official checks 18,444 17,081
90 Total transaction accounts n.a. 658,716
91 Individuals, partnerships, and
corporations n.a. 559,863
92 U.S. government n.a. 1,584
93 States and political subdivisions
in the United States n.a. 44,829
94 Commercial banks in the United
States n.a. 24,768
95 Other depository institutions in
the United States n.a. 2,865
96 Foreign banks, governments, and
official institutions n.a. 7,727
97 Banks n.a. n.a.
98 Governments and official
institutions n.a. n.a.
99 Certified and official checks n.a. 17,081
100 Demand deposits (included in total
transaction accounts) n.a. 516,045
101 Individuals, partnerships, and
corporations n.a. 442,829
102 U.S. government n.a. 1,374
103 States and political subdivisions
in the United States n.a. 19,427
104 Commercial banks in the United
States n.a. 24,762
105 Other depository institutions
in the United States n.a. 2,848
106 Foreign banks, governments, and
official institutions n.a. 7,724
107 Banks n.a. n.a.
108 Governments and official
institutions n.a. n.a.
109 Certified and official checks n.a. 17,081
110 Total nontransaction accounts n.a. 2,600,466
111 Individuals, partnerships, and
corporations n.a. 2,471,470
112 U.S. government n.a. 5,726
113 States and political subdivisions
in the United States n.a. 103,409
114 Commercial banks in the United
States n.a. 11,456
115 Other depository institutions in
116 Foreign banks, governments, and n.a. 5,465
official institutions
117 Banks n.a. n.a.
118 Governments and official
institutions n.a. n.a.
119 Federal funds purchased and securities
sold under agreements to repurchase 470,509 443,161
120 Demand notes issued to the U.S.
Treasury 47,112 47,112
121 Trading liabilities 182,359 n.a.
122 Other borrowed money 523,549 481,785
123 Banks' liability on acceptances
executed and outstanding 10,060 7,245
124 Notes and debentures subordinated to
deposits 81,568 n.a.
125 Net due to own foreign offices, Edge
Act and agreement subsidiaries, and
IBFs n.a. 196,520
126 All other liabilities 158,717 n.a.
127 Total equity capital 493,921 n.a.
MEMO
128 Trading assets at large banks(4) 271,297 120,864
129 U.S. Treasury securities (domestic
offices) n.a. 16,303
130 U.S. government agency corporation
obligations n.a. 7,504
131 Securities issued by states and
political subdivisions in the
United States n.a. 1,308
132 Mortgage-backed securities n.a. 8,452
133 Other debt securities n.a. 17,618
134 Other trading assets n.a. 9,175
135 Trading assets in foreign banks 150,433 0
136 Revaluation gains on interest rate,
foreign exchange rate, and other
commodity and equity contracts 60,503 60,503
137 Total individual retirement (IRA)
and Keogh plan account n.a. 149,034
138 Total brokered deposits n.a. 138,114
139 Fully insured brokered deposits n.a. 95,736
140 Issued in denominations of less than
$100,000 n.a. 16,313
141 Issued in denominations of $100,000,
or in denominations greater than
$100,000 and participated out by the
broker in shares of $100,000 or less n.a. 79,423
142 Money market deposit accounts (MMDAs) n.a. 884,237
143 Other savings deposits (excluding
MMDAs) n.a. 423,487
144 Total time deposits of less than
$100,000 n.a. 769,904
145 Total time deposits of $100,000 or more n.a. 522,838
146 All negotiable order of withdrawal
(NOW) accounts n.a. 140,247
147 Number of banks 8,450 8,450
Banks with
foreign offices(1)
Item Total Domestic
1 Total assets(3) 4,124,884 3,421,213
2 Cash and balances
due from depository institutions 265,180 171,700
3 Cash items in process of collection,
unposted debits, and currency
and coin 129,555 125,879
4 Cash items in process of
collection and unposted debits n.a. 100,929
5 Currency and coin n.a. 24,951
6 Balances due from depository
institutions in the United States 37,153 26,502
7 Balances due from banks in
foreign countries and foreign
central banks 86,485 7,441
8 Balances due from Federal
Reserve Banks 11,987 11,877
MEMO
9 Non-interest-beating balances due
from commercial banks in the
United States (included in balances
due from depository institutions in
the United States) n.a. 13,661
10 Total securities, held-to-maturity
(amortized cost) and
available-for-sale (fair value) 599,856 n.a.
11 U.S. Treasury securities 68,373 n.a.
12 U.S. government agency and
corporation obligations (excludes
mortgage-backed securities) 74,077 n.a.
13 Issued by U.S. government agencies 2,248 n.a.
14 Issued by U.S. government-sponsored
agencies 71,829 n.a.
15 Securities issued by states and
political subdivisions in the
United States 29,841 n.a.
16 General obligations 20,029 n.a.
17 Revenue obligations 9,320 n.a.
18 Industrial development and similar
obligations 492 n.a.
19 Mortgage-backed securities (MBS) 295,005 n.a.
20 Pass-through securities 192,518 n.a.
21 Guaranteed by GNMA 41,975 n.a.
22 Issued by FNMA and FHLMC 149,049 n.a.
23 Privately issued 1,494 n.a.
24 Other mortgage-backed securities
(includes CMOs, REMICs, and
stripped MBS) 102,487 n.a.
25 Issued or guaranteed by FNMA,
FHLMC or GNMA 70,940 n.a.
26 Collateralized by MBS issued or
guaranteed by FNMA, FHLMC, or
GNMA 3,035 n.a.
27 All other mortgage-backed
securities 28,512 n.a.
28 Other debt securities 105,881 n.a.
29 Other domestic debt securities 50,252 n.a.
30 Foreign debt securities 55,629 n.a.
31 Equity securities 26,680 n.a.
32 Investments in mutual funds and
other equity securities with
readily determinable fair value 9,438 n.a.
33 All other equity securities 17,242 n.a.
34 Federal funds sold and securities
purchased under agreements to resell 194,523 140,302
35 Total loans and lease-financing
receivables, gross 2,500,150 2,209,189
36 LESS: Unearned income on loans 1,577 997
37 Total loans and leases (net
of unearned income) 2,498,573 2,208,192
38 LESS: Allowance for loan and lease
losses 42,023 n.a.
39 LESS: Allocated transfer risk
reserves 131 n.a.
40 EQUALS: Total loans and leases, net 2,456,419 n.a.
Total loans and leases, gross,
by category
41 Loans secured by real estate 955,585 923,568
42 Construction and land development n.a. 79,791
43 Farmland n.a. 6,556
44 One- to four-family residential
properties n.a. 582,180
45 Revolving, open-end loans, extended
under lines of credit n.a. 84,322
46 All other loans n.a. 497,858
47 Multifamily (five or more)
residential properties n.a. 33,652
48 Nonfarm nonresidential properties n.a. 221,389
49 Loans to depository institutions 98,517 80,453
50 Commercial banks in the United States 63,406 62,881
51 Other depository institutions in the
United States 11,736 11,580
52 Banks in foreign countries 23,376 5,992
53 Loans to finance agricultural
production and other loans to farmers 12,170 11,344
54 Commercial and industrial loans 824,730 664,144
55 U.S. addressees (domicile) 676,750 654,050
56 Non-U.S. addressees (domicile) 147,980 10,094
57 Acceptances of other banks 1,229 490
58 U.S. banks 310 254
59 Foreign banks 918 237
60 Loans to individuals for household,
family, and other personal
expenditures (includes purchased
paper) 316,838 274,720
61 Credit cards and related plans 115,029 n.a.
62 Other (includes single payment and
installment) 201,810 n.a.
63 Obligations (other than securities) of
states and political subdivisions in
the United States (includes nonrated
industrial development obligations) 13,148 13,141
64 All other loans 132,838 101,921
65 Loans to foreign governments and
official institutions 7,687 1,652
66 Other loans 125,151 100,269
67 Loans for purchasing and carrying
securities n.a. 21,322
68 All other loans (excludes
consumer loans) n.a. 78,947
69 Lease-financing receivables 145,096 139,407
70 Assets held in trading accounts 270,337 n.a.
71 Premises and fixed assets (including
capitalized leases) 45,726 n.a.
72 Other real estate owned 1,620 n.a.
73 Investments in unconsolidated
subsidiaries and associated companies 8,778 n.a.
74 Customers' liability on acceptances
outstanding 9,772 n.a.
75 Net due from own foreign offices,
Edge Act and agreement subsidiaries,
and IBFs n.a. 22,105
76 Intangible assets 84,477 n.a.
77 All other assets 188,198 n.a.
78 Total liabilities, limited-life
preferred stock, and equity capital 4,124,884 n.a.
79 Total liabilities 3,795,187 3,091,516
80 Total deposits 2,619,887 1,934,717
81 Individuals, partnerships, and
corporations 2,284,973 1,810,908
82 U.S. government n.a. 6,194
83 States and political subdivisions in
the United States n.a. 67,163
84 Commercial banks in the United States 92,945 27,893
85 Other depository institutions in the
United States n.a. 3,241
86 Foreign banks, governments, and
official institutions 146,657 10,438
87 Banks 102,753 9,194
88 Governments and official
institutions 43,904 1,243
89 Certified and official checks 10,243 8,880
90 Total transaction accounts n.a. 377,525
91 Individuals, partnerships, and
corporations n.a. 316,095
92 U.S. government n.a. 1,068
93 States and political subdivisions
in the United States n.a. 21,317
94 Commercial banks in the United
States n.a. 20,682
95 Other depository institutions in
the United States n.a. 1,978
96 Foreign banks, governments, and
official institutions n.a. 7,507
97 Banks n.a. 6,847
98 Governments and official
institutions n.a. 660
99 Certified and official checks n.a. 8,880
100 Demand deposits (included in total
transaction accounts) n.a. 336,710
101 Individuals, partnerships, and
corporations n.a. 283,722
102 U.S. government n.a. 927
103 States and political subdivisions
in the United States n.a. 13,021
104 Commercial banks in the United
States n.a. 20,679
105 Other depository institutions
in the United States n.a. 1,977
106 Foreign banks, governments, and
official institutions n.a. 7,504
107 Banks n.a. 6,845
108 Governments and official
institutions n.a. 658
109 Certified and official checks n.a. 8,880
110 Total nontransaction accounts n.a. 1,557,191
111 Individuals, partnerships, and
corporations n.a. 1,494,812
112 U.S. government n.a. 5,126
113 States and political subdivisions
in the United States n.a. 45,847
114 Commercial banks in the United
States n.a. 7,212
115 Other depository institutions in
116 Foreign banks, governments, and n.a. 1,263
official institutions
117 Banks n.a. 2,348
118 Governments and official
institutions n.a. 583
119 Federal funds purchased and securities
sold under agreements to repurchase 379,613 352,264
120 Demand notes issued to the U.S.
Treasury 43,060 43,060
121 Trading liabilities 182,277 n.a.
122 Other borrowed money 350,595 308,831
123 Banks' liability on acceptances
executed and outstanding 9,839 7,024
124 Notes and debentures subordinated to
deposits 77,489 n.a.
125 Net due to own foreign offices, Edge
Act and agreement subsidiaries, and
IBFs n.a. 196,520
126 All other liabilities 132,427 n.a.
127 Total equity capital 329,697 n.a.
MEMO
128 Trading assets at large banks(4) 270,316 119,884
129 U.S. Treasury securities (domestic
offices) n.a. 16,293
130 U.S. government agency corporation
obligations n.a. 7,357
131 Securities issued by states and
political subdivisions in the
United States n.a. 1,205
132 Mortgage-backed securities n.a. 8,008
133 Other debt securities n.a. 17,605
134 Other trading assets n.a. 9,020
135 Trading assets in foreign banks 150,433 0
136 Revaluation gains on interest rate,
foreign exchange rate, and other
commodity and equity contracts 60,395 60,395
137 Total individual retirement (IRA)
and Keogh plan account n.a. 80,621
138 Total brokered deposits n.a. 76,059
139 Fully insured brokered deposits n.a. 40,274
140 Issued in denominations of less than
$100,000 n.a. 4,658
141 Issued in denominations of $100,000,
or in denominations greater than
$100,000 and participated out by the
broker in shares of $100,000 or less n.a. 35,615
142 Money market deposit accounts (MMDAs) n.a. 616,985
143 Other savings deposits (excluding
MMDAs) n.a. 263,905
144 Total time deposits of less than
$100,000 n.a. 368,925
145 Total time deposits of $100,000 or more n.a. 307,376
146 All negotiable order of withdrawal
(NOW) accounts n.a. 40,485
147 Number of banks 156 n.a.
Bank with domestic
offices only(2)
Item Over 100 Under 100
1 Total assets(3) 1,525,580 261,683
2 Cash and balances
due from depository institutions 60,303 12,284
3 Cash items in process of collection,
unposted debits, and currency
and coin 31,331 n.a.
4 Cash items in process of
collection and unposted debits 20,742 n.a.
5 Currency and coin 10,589 n.a.
6 Balances due from depository
institutions in the United States 19,204 n.a.
7 Balances due from banks in
foreign countries and foreign
central banks 1,287 n.a.
8 Balances due from Federal
Reserve Banks 8,481 n.a.
MEMO
9 Non-interest-beating balances due
from commercial banks in the
United States (included in balances
due from depository institutions in
the United States) 15,192 4,682
10 Total securities, held-to-maturity
(amortized cost) and
available-for-sale (fair value) 361,228 67,352
11 U.S. Treasury securities 25,965 5,708
12 U.S. government agency and
corporation obligations (excludes
mortgage-backed securities) 106,228 34,746
13 Issued by U.S. government agencies 1,783 662
14 Issued by U.S. government-sponsored
agencies 104,446 34,084
15 Securities issued by states and
political subdivisions in the
United States 48,330 11,542
16 General obligations 36,464 8,258
17 Revenue obligations 11,686 3,249
18 Industrial development and similar
obligations 180 35
19 Mortgage-backed securities (MBS) 139,553 12,257
20 Pass-through securities 80,645 8,242
21 Guaranteed by GNMA 26,837 3,079
22 Issued by FNMA and FHLMC 53,166 5,136
23 Privately issued 642 27
24 Other mortgage-backed securities
(includes CMOs, REMICs, and
stripped MBS) 58,908 4,015
25 Issued or guaranteed by FNMA,
FHLMC or GNMA 39,399 3,694
26 Collateralized by MBS issued or
guaranteed by FNMA, FHLMC, or
GNMA 762 113
27 All other mortgage-backed
securities 18,747 209
28 Other debt securities 30,016 1,819
29 Other domestic debt securities 29,646 n.a.
30 Foreign debt securities 369 n.a.
31 Equity securities 11,136 1,280
32 Investments in mutual funds and
other equity securities with
readily determinable fair value 2,809 298
33 All other equity securities 8,327 982
34 Federal funds sold and securities
purchased under agreements to resell 39,458 8,717
35 Total loans and lease-financing
receivables, gross 998,070 164,472
36 LESS: Unearned income on loans 1,215 283
37 Total loans and leases (net
of unearned income) 996,855 164,189
38 LESS: Allowance for loan and lease
losses 16,354 2,240
39 LESS: Allocated transfer risk
reserves 1 1
40 EQUALS: Total loans and leases, net 980,500 161,949
Total loans and leases, gross,
by category
41 Loans secured by real estate 562,068 95,324
42 Construction and land development 60,451 8,415
43 Farmland 15,751 11,410
44 One- to four-family residential
properties 267,612 45,576
45 Revolving, open-end loans, extended
under lines of credit 29,366 2,418
46 All other loans 238,247 43,158
47 Multifamily (five or more)
residential properties 23,610 2,166
48 Nonfarm nonresidential properties 194,644 27,757
49 Loans to depository institutions 9,057 80
50 Commercial banks in the United States 8,762 n.a.
51 Other depository institutions in the
United States 168 n.a.
52 Banks in foreign countries 127 n.a.
53 Loans to finance agricultural
production and other loans to farmers 18,341 16,237
54 Commercial and industrial loans 174,295 28,793
55 U.S. addressees (domicile) 173,514 n.a.
56 Non-U.S. addressees (domicile) 781 n.a.
57 Acceptances of other banks 83 6
58 U.S. banks n.a. n.a.
59 Foreign banks n.a. n.a.
60 Loans to individuals for household,
family, and other personal
expenditures (includes purchased
paper) 209,609 21,848
61 Credit cards and related plans 88,280 860
62 Other (includes single payment and
installment) 121,330 20,988
63 Obligations (other than securities) of
states and political subdivisions in
the United States (includes nonrated
industrial development obligations) 6,127 754
64 All other loans 7,557 772
65 Loans to foreign governments and
official institutions 17 n.a.
66 Other loans 7,540 n.a.
67 Loans for purchasing and carrying
securities 1,562 n.a.
68 All other loans (excludes
consumer loans) 5,978 n.a.
69 Lease-financing receivables 10,934 658
70 Assets held in trading accounts 1,179 1
71 Premises and fixed assets (including
capitalized leases) 22,656 5,163
72 Other real estate owned 1,117 290
73 Investments in unconsolidated
subsidiaries and associated companies 414 46
74 Customers' liability on acceptances
outstanding 218 3
75 Net due from own foreign offices,
Edge Act and agreement subsidiaries,
and IBFs n.a. n.a.
76 Intangible assets 13,827 880
77 All other assets 44,681 4,998
78 Total liabilities, limited-life
preferred stock, and equity capital 1,525,580 261,683
79 Total liabilities 1,389,085 233,995
80 Total deposits 1,104,328 220,138
81 Individuals, partnerships, and
corporations 1,022,348 198,078
82 U.S. government 958 158
83 States and political subdivisions in
the United States 63,094 17,982
84 Commercial banks in the United States 7,355 975
85 Other depository institutions in the
United States 3,730 1,358
86 Foreign banks, governments, and
official institutions 223 7
87 Banks 217 n.a.
88 Governments and official
institutions 6 n.a.
89 Certified and official checks 6,620 1,581
90 Total transaction accounts 219,544 61,646
91 Individuals, partnerships, and
corporations 190,284 53,484
92 U.S. government 444 72
93 States and political subdivisions
in the United States 17,341 6,172
94 Commercial banks in the United
States 3,841 245
95 Other depository institutions in
the United States 801 86
96 Foreign banks, governments, and
official institutions 214 6
97 Banks 208 n.a.
98 Governments and official
institutions 6 n.a.
99 Certified and official checks 6,620 1,581
100 Demand deposits (included in total
transaction accounts) 146,472 32,863
101 Individuals, partnerships, and
corporations 129,370 29,737
102 U.S. government 386 60
103 States and political subdivisions
in the United States 5,256 1,150
104 Commercial banks in the United
States 3,840 243
105 Other depository institutions
in the United States 786 85
106 Foreign banks, governments, and
official institutions 214 6
107 Banks 208 n.a.
108 Governments and official
institutions 6 n.a.
109 Certified and official checks 6,620 1,581
110 Total nontransaction accounts 884,783 158,492
111 Individuals, partnerships, and
corporations 832,064 144,594
112 U.S. government 514 86
113 States and political subdivisions
in the United States 45,753 11,810
114 Commercial banks in the United
States 3,514 730
115 Other depository institutions in
116 Foreign banks, governments, and 2 929 1,272
official institutions
117 Banks 9 n.a.
118 Governments and official
institutions 0 n.a.
119 Federal funds purchased and securities
sold under agreements to repurchase 86,943 3,954
120 Demand notes issued to the U.S.
Treasury 3,908 145
121 Trading liabilities 81 0
122 Other borrowed money 165,239 7,715
123 Banks' liability on acceptances
executed and outstanding 218 3
124 Notes and debentures subordinated to
deposits 4,060 18
125 Net due to own foreign offices, Edge
Act and agreement subsidiaries, and
IBFs n.a. n.a.
126 All other liabilities 24,268 2,022
127 Total equity capital 136,535 27,689
MEMO
128 Trading assets at large banks(4) 980 n.a.
129 U.S. Treasury securities (domestic
offices) 10 n.a.
130 U.S. government agency corporation
obligations 147 n.a.
131 Securities issued by states and
political subdivisions in the
United States 103 n.a.
132 Mortgage-backed securities 444 n.a.
133 Other debt securities 13 n.a.
134 Other trading assets 155 n.a.
135 Trading assets in foreign banks 0 n.a.
136 Revaluation gains on interest rate,
foreign exchange rate, and other
commodity and equity contracts 108
137 Total individual retirement (IRA)
and Keogh plan account 57,348 11,066
138 Total brokered deposits 60,025 2,030
139 Fully insured brokered deposits 53,608 1,855
140 Issued in denominations of less than
$100,000 10,595 1,060
141 Issued in denominations of $100,000,
or in denominations greater than
$100,000 and participated out by the
broker in shares of $100,000 or less 43,013 795
142 Money market deposit accounts (MMDAs) 242,288 24,963
143 Other savings deposits (excluding
MMDAs) 139,635 19,946
144 Total time deposits of less than
$100,000 320,592 80,387
145 Total time deposits of $100,000 or more 182,266 33,196
146 All negotiable order of withdrawal
(NOW) accounts 71,571 28,191
147 Number of banks 3,069 5,225
NOTE The notation "n.a." indicates the lesser detail available from
banks that don't have foreign offices, the inapplicability of certain
items to banks that have only domestic offices or the absence of detail
on a fully consolidated basis for banks that have foreign offices,
(1.) All transactions between domestic and foreign offices of a bank
are reported in "net due from" and "net due to" lines. All other lines
represent transactions with parties other than the domestic and foreign
offices of each bank Because these intraoffice transactions are
nullified by consolidation, total assets and total liabilities for
the entire bank may not equal the sum of assets and liabilities
respectively of the domestic and foreign offices. Foreign offices
include branches in foreign countries, Puerto Rico, and US territories
and possessions; subsidiaries in foreign countries; all offices of
Edge Act and agreement corporations wherever located; and IBFs.
(2.) "Over 100" refers to banks whose assets, on June 30 of the
preceding calendar year, were $100 million or more. (These banks
file the FFIEC 032 or FFIEC 033 Call Report.) "Under 100" refers
to banks whose assets, on June 30 of the preceding calendar year,
were less than $100 million. (These banks file the FFIEC
034 Call Report.)
(3.) Because the domestic portion of allowances for loan and lease
losses and allocated transfer risk reserves are not reported for
banks with foreign offices, the components of total assets
(domestic) do not sum to the actual total (domestic).
(4.) Components of "Trading assets at large banks" are reported only
by banks with either total assets of $1 billion or more or with $2
billion or more in the par/notional amount of their off-balance-sheet
derivative contracts.
4.23 TERMS OF LENDING AT COMMERCIAL BANKS Survey of Loans
Made, August 7-11, 2000
A. Commercial and industrial loans made by all commercial banks(1)
Weighted-
average Amount of Average loan
Item effective loans size
loan rate (millions (thousands of
(percent)(2) of dollars) dollars)
LOAN RISK(5)
1 All commercial and
industrial loans 8.28 114,271 756
2 Minimal risk 7.42 7,454 1,055
3 Low risk 7.55 16,581 1,213
4 Moderate risk 8.41 37,122 652
5 Other 8.95 24,071 591
By maturity/repri-
cing interval(6)
6 Zero interval 9.46 21,648 434
7 Minimal risk 8.49 598 293
8 Low risk 8.39 1,538 471
9 Moderate risk 9.39 7,244 365
10 Other 10.32 4,781 269
11 Daily 7.74 42,606 1,107
12 Minimal risk 7.18 3,347 7,083
13 Low risk 7.35 8,360 3,968
14 Moderate risk 7.95 11,554 907
15 Other 8.28 7,193 637
16 2 to 30 days 8.18 18,994 1,173
17 Minimal risk 7.07 1,212 1,763
18 Low risk 7.63 3,187 2,283
19 Moderate risk 8.23 6,005 845
20 Other 8.84 5,577 1,026
21 31 to 365 days 8.13 26,249 878
22 Minimal risk 7.56 2,109 788
23 Low risk 7.57 3,207 574
24 Moderate risk 8.20 10,288 976
25 Other 8.72 6,048 1,383
26 More than 365 days 8.84 3,467 245
27 Minimal risk 9.23 179 157
28 Low risk 7.81 253 212
29 Moderate risk 9.16 1.61 288
30 Other 9.49 291 277
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 10.36 2,474 3.3
32 100-999 9.67 10,471 3.3
33 1,000-9,999 8.56 36,737 3.2
34 10,000 or more 7.82 64,589 2.8
BASE RATE OF LOAN(4)
35 Prime(7) 10.12 21,915 3.3
36 Fed funds 7.43 31,455 2.8
37 Other domestic 7.54 14,579 2.4
38 Foreign 8.19 28,969 3.0
39 Other 8.29 17,354 3.1
Weighted- Amount of loans
average (percent)
Item maturity(3)
Secured by
Days collateral Callable
LOAN RISK(5)
1 All commercial and
industrial loans 393 41.6 11.4
2 Minimal risk 439 49.7 11.6
3 Low risk 378 15.1 13.3
4 Moderate risk 468 36.7 9.9
5 Other 409 39.5 11.4
By maturity/repri-
cing interval(6)
6 Zero interval 439 54.2 14.5
7 Minimal risk 508 35.7 30.1
8 Low risk 468 31.9 34.1
9 Moderate risk 381 53.5 12.0
10 Other 606 83.1 30.7
11 Daily 231 35.4 13.3
12 Minimal risk 228 66.8 8.8
13 Low risk 308 6.2 8.4
14 Moderate risk 294 21.1 13.7
15 Other 178 21.0 8.2
16 2 to 30 days 299 28.9 10.6
17 Minimal risk 231 13.5 14.5
18 Low risk 375 21.1 21.0
19 Moderate risk 403 27.6 12.6
20 Other 268 28.4 2.0
21 31 to 365 days 508 42.3 4.3
22 Minimal risk 793 45.6 6.9
23 Low risk 431 20.0 8.3
24 Moderate risk 540 38.0 1.7
25 Other 617 34.4 8.1
Months
26 More than 365 days 52 85.8 4.7
27 Minimal risk 43 66.7 34.3
28 Low risk 49 67.1 5.9
29 Moderate risk 58 89.0 4.2
30 Other 63 62.9 3.9
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 169 83.4 29.0
32 100-999 95 74.0 20.7
33 1,000-9,999 52 46.9 11.0
34 10,000 or more 57 31.7 9.5
BASE RATE OF LOAN(4)
35 Prime(7) 111 71.9 23.9
36 Fed funds 5 35.3 9.1
37 Other domestic 18 10.8 19.6
38 Foreign 50 33.4 4.2
39 Other 159 54.2 5.2
Amount of loans
(percent)
Most
Item Subject to common
prepayment Made under base pricing
penalty commitment rate(4)
LOAN RISK(5)
1 All commercial and
industrial loans 24.9 72.4 Fed funds
2 Minimal risk 52.4 88.5 Fed funds
3 Low risk 38.6 80.8 Fed funds
4 Moderate risk 30.9 79.6 Foreign
5 Other 12.3 69.2 Fed funds
By maturity/repri-
cing interval(6)
6 Zero interval 3.5 58.6 Prime
7 Minimal risk 7.1 97.1 Other
8 Low risk 18.3 96.6 Prime
9 Moderate risk 4.8 79.9 Prime
10 Other 1.6 86.4 Prime
11 Daily 28.7 68.3 Fed funds
12 Minimal risk 88.7 94.5 Fed funds
13 Low risk 42.0 75.7 Fed funds
14 Moderate risk 28.9 67.4 Fed funds
15 Other 1.9 50.2 Fed funds
16 2 to 30 days 25.4 69.0 Fed funds
17 Minimal risk 13.6 85.7 Fed funds
18 Low risk 21.5 77.5 Fed funds
19 Moderate risk 32.4 87.1 Foreign
20 Other 17.1 48.3 Fed funds
21 31 to 365 days 39.8 93.8 Foreign
22 Minimal risk 34.7 79.8 Foreign
23 Low risk 56.3 90.3 Foreign
24 Moderate risk 56.5 96.5 Foreign
25 Other 28.5 96.1 Foreign
26 More than 365 days 6.0 58.0 Other
27 Minimal risk .5 68.5 Prime
28 Low risk 46.9 73.7 Foreign
29 Moderate risk .6 25.8 Prime
30 Other 20.9 79.3 Other
SIZE OF LOAN
(thousands of dollars)
31 1-99 2.9 76.2 Prime
32 100-999 6.6 84.1 Prime
33 1,000-9,999 20.2 77.6 Foreign
34 10,000 or more 31.4 67.5 Fed funds
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 1.0 69.7 232
36 Fed funds 13.6 54.0 8,338
37 Other domestic 71.5 65.9 3,262
38 Foreign 42.5 88.3 2,787
39 Other 7.1 88.5 455
B. Commercial and industrial loans made by all domestic banks(1)
Weighted-
average Amount of Average loan
Item effective loans size
loan rate (millions (thousands of
(percent)(2) of dollars) dollars)
LOAN RISK(5)
1 All commercial and
industrial loans 8.60 74,661 522
2 Minimal risk 7.44 6,804 992
3 Low risk 7.65 10,723 837
4 Moderate risk 8.62 29,481 535
5 Other 9.77 13,006 343
By maturity/repri-
cing interval(6)
6 Zero interval 9.46 21,209 431
7 Minimal risk 8.49 598 293
8 Low risk 8.44 1,480 458
9 Moderate risk 9.38 7,155 365
10 Other 10.32 4,488 259
11 Daily 7.95 23,606 647
12 Minimal risk 7.16 3,109 7,831
13 Low risk 7.36 5,002 2,655
14 Moderate risk 8.11 8,192 670
15 Other 9.25 2,714 252
16 2 to 30 days 8.49 10,886 738
17 Minimal risk 7.05 1,073 1,676
18 Low risk 7.70 2,286 1,887
19 Moderate risk 8.52 4,344 647
20 Other 10.14 2,275 462
21 31 to 365 days 8.38 15,713 601
22 Minimal risk 7.62 1,835 708
23 Low risk 7.68 1,768 341
24 Moderate risk 8.39 7,759 787
25 Other 9.17 3,089 1,004
26 More than 365 days 9.18 2,454 175
27 Minimal risk 9.23 179 157
28 Low risk 8.50 151 127
29 Moderate risk 9.16 1,613 288
30 Other 9.84 258 248
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 10.38 2,433 3.2
32 100-999 9.82 9,300 3.2
33 1,000-9,999 8.94 24,429 3.2
34 10,000 or more 7.98 38,499 2.6
BASE RATE OF LOAN(4)
35 Prime(7) 10.14 20,303 3.3
36 Fed funds 7.31 11,292 2.2
37 Other domestic 7.45 11,206 2.4
38 Foreign 8.46 19,638 3.0
39 Other 8.51 12,223 3.0
Weighted- Amount of loans
average (percent)
Item maturity(3)
Secured by
Days collateral Callable
LOAN RISK(5)
1 All commercial and
industrial loans 564 45.4 16.0
2 Minimal risk 464 53.2 12.8
3 Low risk 521 20.0 20.0
4 Moderate risk 575 40.5 11.7
5 Other 722 67.7 18.5
By maturity/repri-
cing interval(6)
6 Zero interval 437 54.2 14.8
7 Minimal risk 508 35.7 30.1
8 Low risk 484 33.0 35.4
9 Moderate risk 378 53.1 12.2
10 Other 604 85.1 32.7
11 Daily 410 40.3 22.5
12 Minimal risk 246 71.9 9.5
13 Low risk 458 10.3 13.8
14 Moderate risk 413 28.1 17.2
15 Other 344 51.4 15.2
16 2 to 30 days 506 39.5 18.5
17 Minimal risk 245 10.9 16.3
18 Low risk 475 29.0 29.2
19 Moderate risk 555 36.2 17.4
20 Other 602 67.7 5.0
21 31 to 365 days 774 38.1 5.5
22 Minimal risk 857 50.5 7.9
23 Low risk 655 22.6 11.9
24 Moderate risk 665 32.5 1.6
25 Other 1,132 54.8 10.9
Months
26 More than 365 days 56 81.1 6.7
27 Minimal risk 43 66.7 34.3
28 Low risk 64 44.7 9.9
29 Moderate risk 58 89.0 4.2
30 Other 60 68.3 4.4
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 171 83.8 29.3
32 100-999 101 77.1 21.6
33 1,000-9,999 54 50.1 14.4
34 10,000 or more 64 32.4 14.8
BASE RATE OF LOAN(4)
35 Prime(7) 116 72.8 20.6
36 Fed funds 6 50.5 25.4
37 Other domestic 21 14.0 25.5
38 Foreign 43 37.3 5.8
39 Other 137 37.1 7.3
Amount of loans
(percent)
Most
Item Subject to common
prepayment Made under base pricing
penalty commitment rate(4)
LOAN RISK(5)
1 All commercial and
industrial loans 25.5 76.2 Prime
2 Minimal risk 53.0 90.0 Fed funds
3 Low risk 45.4 88.2 Domestic
4 Moderate risk 30.8 82.2 Foreign
5 Other 10.6 89.1 Prime
By maturity/repri-
cing interval(6)
6 Zero interval 3.3 58.4 Prime
7 Minimal risk 7.1 97.1 Other
8 Low risk 15.6 96.6 Prime
9 Moderate risk 4.8 79.6 Prime
10 Other 1.5 88.7 Prime
11 Daily 39.9 77.9 Domestic
12 Minimal risk 89.8 99.7 Fed funds
13 Low risk 64.8 85.6 Domestic
14 Moderate risk 39.8 75.3 Domestic
15 Other 4.6 74.4 Prime
16 2 to 30 days 20.1 91.1 Foreign
17 Minimal risk 10.9 83.9 Fed funds
18 Low risk 20.3 91.7 Fed funds
19 Moderate risk 34.6 94.9 Foreign
20 Other 4.8 98.2 Foreign
21 31 to 365 days 42.3 91.6 Foreign
22 Minimal risk 35.8 76.8 Foreign
23 Low risk 52.1 86.5 Foreign
24 Moderate risk 51.0 95.7 Foreign
25 Other 34.0 96.5 Foreign
26 More than 365 days 2.9 40.6 Prime
27 Minimal risk .5 68.5 Prime
28 Low risk 10.9 55.8 Other
29 Moderate risk .6 25.8 Prime
30 Other 10.8 76.6 Other
SIZE OF LOAN
(thousands of dollars)
31 1-99 2.8 76.1 Prime
32 100-999 5.0 83.5 Prime
33 1,000-9,999 16.7 76.0 Prime
34 10,000 or more 37.4 74.5 Foreign
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 1.0 68.0 219
36 Fed funds 26.1 57.9 7,242
37 Other domestic 63.1 84.7 2,739
38 Foreign 38.7 84.1 2,435
39 Other 10.1 85.9 334
C. Commercial and industrial loans made by large domestic banks(1)
Weighted-
average Amount of Average loan
Item effective loans size
loan rate (millions (thousands of
(percent)(2) of dollars) dollars)
LOAN RISK(5)
1 All commercial and
industrial loans 8.43 64,598 945
2 Minimal risk 7.30 6,388 5,396
3 Low risk 7.44 8,885 2,580
4 Moderate risk 8.43 25,873 1,010
5 Other 9.67 10,215 443
By maturity/repri-
cing interval(6)
6 Zero interval 9.28 16,190 775
7 Minimal risk 8.51 505 2,120
8 Low risk 8.44 731 818
9 Moderate risk 9.09 5,251 619
10 Other 10.04 2,841 337
11 Daily 7.89 22,694 736
12 Minimal risk 7.16 3,105 8,387
13 Low risk 7.28 4,681 3,803
14 Moderate risk 8.03 7,882 817
15 Other 9.14 2,525 283
16 2 to 30 days 8.36 9,258 1,115
17 Minimal risk 7.00 1,036 8,626
18 Low risk 7.39 1,859 2,853
19 Moderate risk 8.30 3,754 1,000
20 Other 10.45 1,892 585
21 31 to 365 days 8.27 13,928 3,020
22 Minimal risk 7.34 1,665 5,969
23 Low risk 7.45 1,484 3,104
24 Moderate risk 8.31 7,323 3,514
25 Other 9.21 2,586 1,948
26 More than 365 days 9.00 1,758 1,111
27 Minimal risk 8.23 67 502
28 Low risk 8.03 95 966
29 Moderate risk 9.10 1,249 1,991
30 Other 9.83 195 476
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 10.21 1,209 3.5
32 100-999 9.74 6,259 3.3
33 1,000-9,999 8.76 19,893 3.1
34 10,000 or more 7.97 37,238 2.6
BASE RATE OF LOAN(4)
35 Prime(7) 10.00 14,604 3.3
36 Fed funds 7.23 10,346 2.2
37 Other domestic 7.42 10,988 2.4
38 Foreign 8.47 18,253 3.0
39 Other 8.41 10,407 3.0
Weighted- Amount of loans
average (percent)
Item maturity(3)
Secured by
Days collateral Callable
LOAN RISK(5)
1 All commercial and
industrial loans 559 41.3 12.5
2 Minimal risk 450 51.5 12.9
3 Low risk 501 12.0 13.2
4 Moderate risk 566 37.1 9.0
5 Other 731 60.6 8.6
By maturity/repri-
cing interval(6)
6 Zero interval 447 51.0 5.7
7 Minimal risk 463 35.2 28.7
8 Low risk 527 30.7 3.3
9 Moderate risk 374 56.6 8.7
10 Other 660 79.3 10.5
11 Daily 399 39.2 22.6
12 Minimal risk 245 71.9 9.5
13 Low risk 432 8.3 14.5
14 Moderate risk 411 25.9 16.5
15 Other 317 48.1 15.2
16 2 to 30 days 519 31.5 11.9
17 Minimal risk 247 7.7 16.9
18 Low risk 429 13.5 15.5
19 Moderate risk 553 27.7 7.3
20 Other 674 61.9 4.4
21 31 to 365 days 802 33.6 2.8
22 Minimal risk 928 46.9 8.4
23 Low risk 695 11.3 9.7
24 Moderate risk 676 29.4 .9
25 Other 1,133 48.8 1.2
Months
26 More than 365 days 52 75.7 4.7
27 Minimal risk 30 11.2 87.1
28 Low risk 60 20.4 4.5
29 Moderate risk 54 86.8 .8
30 Other 55 60.7 4.9
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 43 84.1 33.2
32 100-999 50 72.0 17.7
33 1,000-9,999 52 46.5 7.9
34 10,000 or more 64 32.0 13.4
BASE RATE OF LOAN(4)
35 Prime(7) 132 71.0 13.1
36 Fed funds 5 50.0 19.0
37 Other domestic 16 12.4 25.9
38 Foreign 38 35.6 5.4
39 Other 95 31.6 3.4
Amount of loans
(percent)
Most
Item Subject to common
prepayment Made under base pricing
penalty commitment rate(4)
LOAN RISK(5)
1 All commercial and
industrial loans 28.6 76.0 Foreign
2 Minimal risk 56.5 92.6 Fed funds
3 Low risk 54.0 88.6 Domestic
4 Moderate risk 33.9 85.2 Foreign
5 Other 11.8 88.5 Prime
By maturity/repri-
cing interval(6)
6 Zero interval 2.5 52.9 Prime
7 Minimal risk 8.3 100.0 Other
8 Low risk 25.9 99.6 Prime
9 Moderate risk 2.7 90.1 Prime
10 Other 1.3 86.9 Prime
11 Daily 41.5 77.6 Domestic
12 Minimal risk 89.9 99.8 Fed funds
13 Low risk 69.2 85.7 Domestic
14 Moderate risk 41.3 74.7 Domestic
15 Other 4.9 74.1 Prime
16 2 to 30 days 22.5 90.4 Foreign
17 Minimal risk 11.3 83.3 Fed funds
18 Low risk 24.9 91.4 Fed funds
19 Moderate risk 39.0 94.9 Foreign
20 Other 2.1 98.6 Foreign
21 31 to 365 days 46.8 94.4 Foreign
22 Minimal risk 39.5 82.5 Foreign
23 Low risk 60.1 90.2 Foreign
24 Moderate risk 53.4 98.8 Foreign
25 Other 38.3 96.2 Foreign
26 More than 365 days 2.2 38.0 Prime
27 Minimal risk 1.2 97.6 Domestic
28 Low risk 10.3 68.9 Other
29 Moderate risk .6 18.3 Prime
30 Other 7.9 86.4 Other
SIZE OF LOAN
(thousands of dollars)
31 1-99 3.1 85.9 Prime
32 100-999 5.2 86.0 Prime
33 1,000-9,999 19.8 76.5 Foreign
34 10,000 or more 38.0 73.8 Foreign
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) .9 67.3 289
36 Fed funds 28.4 54.2 9,554
37 Other domestic 64.3 85.1 8,988
38 Foreign 40.1 82.9 2,761
39 Other 9.8 88.3 1,165
D. Commercial and industrial loans made by small domestic banks(1)
Weighted-
average Amount of Average loan
Item effective loans size
loan rate (millions (thousands of
(percent)(2) of dollars) dollars)
LOAN RISK(5)
1 All commercial and
industrial loans 9.69 10,063 135
2 Minimal risk 9.63 416 73
3 Low risk 8.68 1,838 196
4 Moderate risk 9.98 3,608 122
5 Other 10.14 2,791 188
By maturity/repri-
cing interval(6)
6 Zero interval 10.03 5,020 178
7 Minimal risk 8.43 94 52
8 Low risk 8.43 748 320
9 Moderate risk 10.19 1,904 171
10 Other 10.79 1,648 185
11 Daily 9.58 912 161
12 Minimal risk 9.46 4 156
13 Low risk 8.45 321 492
14 Moderate risk 10.04 310 120
15 Other 10.75 190 102
16 2 to 30 days 9.17 1,628 252
17 Minimal risk 8.60 36 70
18 Low risk 9.09 427 763
19 Moderate risk 9.88 590 199
20 Other 8.64 383 226
21 31 to 365 days 9.26 1,785 83
22 Minimal risk 10.39 170 73
23 Low risk 8.87 284 60
24 Moderate risk 9.65 436 56
25 Other 8.96 503 287
26 More than 365 days 9.62 697 56
27 Minimal risk 9.83 112 111
28 Low risk 9.31 56 51
29 Moderate risk 9.35 364 73
30 Other 9.86 63 100
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 10.55 1,225 3.0
32 100-999 10.00 3,042 3.0
33 1,000-9,999 9.70 4,536 3.4
34 10,000 or more 8.03 1,261 2.3
BASE RATE OF LOAN(4)
35 Prime(7) 10.50 5,699 3.3
36 Fed funds 8.20 945 2.2
37 Other domestic 9.07 218 2.4
38 Foreign 8.26 1,385 3.4
39 Other 9.08 1,816 3.0
Weighted- Amount of loans
average (percent)
Item maturity(3)
Secured by
Days collateral Callable
LOAN RISK(5)
1 All commercial and
industrial loans 599 71.9 38.6
2 Minimal risk 678 79.8 11.1
3 Low risk 626 58.9 52.7
4 Moderate risk 657 65.0 31.3
5 Other 676 93.5 55.1
By maturity/repri-
cing interval(6)
6 Zero interval 393 64.5 44.2
7 Minimal risk 800 38.5 38.2
8 Low risk 430 35.3 66.8
9 Moderate risk 391 43.4 21.7
10 Other 398 95.1 71.0
11 Daily 660 68.8 19.6
12 Minimal risk 700 44.3 33.4
13 Low risk 836 39.4 3.8
14 Moderate risk 475 83.0 35.9
15 Other 682 95.2 15.8
16 2 to 30 days 409 84.7 55.5
17 Minimal risk 190 100.0 .9
18 Low risk 666 96.5 89.0
19 Moderate risk 602 90.6 81.8
20 Other 263 96.7 7.8
21 31 to 365 days 551 73.4 26.7
22 Minimal risk 154 85.9 3.2
23 Low risk 419 81.2 23.1
24 Moderate risk 487 85.6 14.6
25 Other 1,128 85.4 60.7
Months
26 More than 365 days 66 94.7 11.7
27 Minimal risk 51 99.9 2.7
28 Low risk 71 86.2 19.0
29 Moderate risk 73 96.5 15.5
30 Other 75 92.0 2.9
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 293 83.5 25.4
32 100-999 204 87.5 29.6
33 1,000-9,999 62 66.2 43.0
34 10,000 or more 70 43.2 56.9
BASE RATE OF LOAN(4)
35 Prime(7) 76 77.6 39.9
36 Fed funds 23 56.1 95.4
37 Other domestic 268 94.6 5.6
38 Foreign 115 59.8 10.3
39 Other 372 68.6 30.1
Amount of loans
(percent)
Most
Item Subject to common
prepayment Made under base pricing
penalty commitment rate(4)
LOAN RISK(5)
1 All commercial and
industrial loans 5.6 77.0 Prime
2 Minimal risk .1 50.0 Prime
3 Low risk 4.2 86.0 Fed funds
4 Moderate risk 8.1 60.6 Prime
5 Other 6.2 91.6 Prime
By maturity/repri-
cing interval(6)
6 Zero interval 5.7 76.1 Prime
7 Minimal risk .3 81.2 Prime
8 Low risk 5.5 93.6 Fed funds
9 Moderate risk 10.8 50.5 Prime
10 Other 1.9 92.0 Prime
11 Daily .2 86.4 Prime
12 Minimal risk (*) 81.9 Prime
13 Low risk (*) 85.2 Prime
14 Moderate risk (*) 90.3 Prime
15 Other 1.0 78.2 Prime
16 2 to 30 days 6.7 95.3 Foreign
17 Minimal risk (*) 100.0 Other
18 Low risk (*) 92.8 Fed funds
19 Moderate risk 6.5 95.5 Prime
20 Other 18.0 96.0 Foreign
21 31 to 365 days 7.7 69.7 Other
22 Minimal risk (*) 20.6 Prime
23 Low risk 10.7 67.1 Other
24 Moderate risk 10.9 44.0 Prime
25 Other 11.7 97.9 Other
26 More than 365 days 4.9 47.1 Other
27 Minimal risk (*) 51.2 Prime
28 Low risk 11.8 33.4 Prime
29 Moderate risk .5 51.7 Other
30 Other 19.8 46.6 Other
SIZE OF LOAN
(thousands of dollars)
31 1-99 2.5 66.4 Prime
32 100-999 4.7 78.3 Prime
33 1,000-9,999 3.1 73.5 Prime
34 10,000 or more 20.0 97.0 Fed funds
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 1.2 70.0 135
36 Fed funds .7 98.8 1,985
37 Other domestic 1.7 64.7 76
38 Foreign 20.3 99.7 952
39 Other 11.4 71.9 66
E. Commercial and industrial loans made by U.S. branches
and agencies of foreign banks(1)
Weighted-
average Amount of Average loan
Item effective loans size
loan rate (millions (thousands of
(percent)(2) of dollars) dollars)
LOAN RISK(5)
1 All commercial and
industrial loans 7.69 39,610 4,838
2 Minimal risk 7.27 650 3,143
3 Low risk 7.37 5,858 6,844
4 Moderate risk 7.59 7,642 4,122
5 Other 7.98 11,065 4,000
By maturity/repri-
cing interval(6)
6 Zero interval 9.83 439 600
7 Minimal risk (*) (*)
8 Low risk (*) (*)
9 Moderate risk 9.88 88 323
10 Other 10.34 292 694
11 Daily 7.49 19,000 9,461
12 Minimal risk 7.44 238 3,150
13 Low risk 7.33 3,358 15,075
14 Moderate risk 7.57 3,362 6,725
15 Other 7.70 4,479 8,427
16 2 to 30 days 7.76 8,108 5,617
17 Minimal risk (*) (*)
18 Low risk 7.45 901 4,892
19 Moderate risk 7.48 1,662 4,211
20 Other 7.94 3,302 6,515
21 31 to 365 days 7.77 10,536 2,832
22 Minimal risk 7.14 274 3,254
23 Low risk 7.44 1,439 3,535
24 Moderate risk 7.62 2,529 3,716
25 Other 8.24 2,959 2,283
26 More than 365 days 8.03 1,013 11,321
27 Minimal risk (*) (*)
28 Low risk (*) (*)
29 Moderate risk (*) (*)
30 Other (*) (*)
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 8.91 41 3.5
32 100-999 8.43 1,171 3.4
33 1,000-9,999 7.80 12,308 3.2
34 10,000 or more 7.60 26,090 3.1
BASE RATE OF LOAN(4)
35 Prime(7) 9.92 1,612 3.6
36 Fed funds 7.49 20,164 3.2
37 Other domestic 7.83 3,373 2.7
38 Foreign 7.63 9,331 3.1
39 Other 7.76 5,131 4.2
Weighted- Amount of loans
average (percent)
Item maturity(3)
Secured by
Days collateral Callable
LOAN RISK(5)
1 All commercial and
industrial loans 100 34.4 2.8
2 Minimal risk 182 12.5 (*)
3 Low risk 131 6.0 1.1
4 Moderate risk 74 22.1 2.9
5 Other 96 6.4 3.0
By maturity/repri-
cing interval(6)
6 Zero interval 567 53.0 .4
7 Minimal risk (*) (*)
8 Low risk (*) (*)
9 Moderate risk 721 88.7 .4
10 Other 624 52.3 (*)
11 Daily 38 29.2 1.9
12 Minimal risk 2 (*) (*)
13 Low risk 95 (*) .2
14 Moderate risk 2 4.3 5.1
15 Other 85 2.6 3.9
16 2 to 30 days 54 14.6 .0
17 Minimal risk (*) (*)
18 Low risk 143 .9 (*)
19 Moderate risk 58 5.0 .2
20 Other 49 1.3 (*)
21 31 to 365 days 114 48.7 2.4
22 Minimal risk 365 12.5 (*)
23 Low risk 161 16.9 3.8
24 Moderate risk 156 54.7 1.8
25 Other 87 13.0 5.2
Months
26 More than 365 days 43 97.4 (*)
27 Minimal risk (*) (*)
28 Low risk (*) (*)
29 Moderate risk (*) (*)
30 Other (*) (*)
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 27 59.6 12.5
32 100-999 40 49.5 13.0
33 1,000-9,999 47 40.5 4.3
34 10,000 or more 46 30.7 1.7
BASE RATE OF LOAN(4)
35 Prime(7) 16 60.8 64.4
36 Fed funds 5 26.8 (*)
37 Other domestic 7 .0 (*)
38 Foreign 65 25.1 .9
39 Other 208 95.0 (*)
Amount of loans
(percent)
Most
Item Subject to common
prepayment Made under base pricing
penalty commitment rate(4)
LOAN RISK(5)
1 All commercial and
industrial loans 23.8 65.4 Fed funds
2 Minimal risk 45.6 73.0 Foreign
3 Low risk 26.1 67.4 Fed funds
4 Moderate risk 31.3 69.4 Fed funds
5 Other 14.2 45.8 Fed funds
By maturity/repri-
cing interval(6)
6 Zero interval 13.7 66.7 Prime
7 Minimal risk (*) (*) (*)
8 Low risk (*) (*) (*)
9 Moderate risk (*) 99.6 Prime
10 Other 3.1 50.5 Prime
11 Daily 14.8 56.3 Fed funds
12 Minimal risk 73.8 26.2 Fed funds
13 Low risk 8.1 60.9 Fed funds
14 Moderate risk 2.6 48.0 Fed funds
15 Other .3 35.6 Fed funds
16 2 to 30 days 32.3 39.3 Fed funds
17 Minimal risk (*) (*) (*)
18 Low risk 24.5 41.5 Fed funds
19 Moderate risk 26.9 66.5 Foreign
20 Other 25.6 14.0 Fed funds
21 31 to 365 days 36.0 97.0 Foreign
22 Minimal risk 26.9 100.0 Foreign
23 Low risk 61.5 95.0 Foreign
24 Moderate risk 73.5 98.7 Foreign
25 Other 22.9 95.7 Foreign
26 More than 365 days 13.4 100.0 Other
27 Minimal risk (*) (*) (*)
28 Low risk (*) (*) (*)
29 Moderate risk (*) (*) (*)
30 Other (*) (*) (*)
SIZE OF LOAN
(thousands of dollars)
31 1-99 7.9 85.1 Prime
32 100-999 18.8 88.9 Foreign
33 1,000-9,999 26.9 80.8 Fed funds
34 10,000 or more 22.6 57.1 Fed funds
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 1.6 90.9 954
36 Fed funds 6.5 51.7 9,109
37 Other domestic 99.7 3.3 8,902
38 Foreign 50.6 97.0 4,009
39 Other .0 94.7 3,250
NOTE. The Survey of Terms of Business Lending collects data on gross
loan extensions made during the first full business week in the
mid-month of each quarter. The authorized panel size for the survey
is 348 domestically chartered commercial banks and 50 U.S. branches
and agencies of foreign banks. The sample data are used to estimate
the terms of loans extended during that week at all domestic
commercial banks and all U.S. branches and agencies of foreign banks.
Note that the terms on loans extended during the survey week may
differ from those extended during other weeks of the quarter. The
estimates reported here are not intended to measure the average terms
on all business loans in bank portfolios.
(1.) As of December 31, 1996, assets of most of the large banks were
at least $7.0 billion, Median total assets for all insured banks
were roughly $62 million. Assets at all U.S. branches and agencies
averaged 1.3 billion.
(2.) Effective (compounded) annual interest rates are calculated
from the stated rate and other terms of the loans and weighted by
loan amount. The standard error of the loan rate for all commercial
and industrial loans in the current survey (line 1, column 1) is
0.17 percentage point. The chances are about two out of three that
the average rate shown would differ by less than this amount from
the average rate that would be found by a complete survey of the
universe of all banks.
(3.) Average maturities are weighted by loan amount and exclude
loans with no stated maturities.
(4.) The most common base pricing rate is that used to price the
largest dollar volume of loans. Base pricing rates include the
prime rate (sometimes referred to as a bank's "base" or "reference"
rate); the federal funds rate; domestic money market rates other
than the prime rate and the federal funds rate; foreign money market
rates; and other base rates not included in the foregoing
classifications.
(5.) A complete description of these risk categories is available
from the Banking Analysis Section, Mail Stop 81, Board of Governors
of the Federal Reserve System, Washington, DC 20551. The category
"Moderate risk" includes the average loan, under average economic
conditions, at the typical lender. The category "Other" includes
loans rated "acceptable" as well as special mention or classified
loans. The weighted-average risk ratings published for loans in
rows 31-39 are calculated by assigning a value of "1" to minimal risk
loans; "2" to low risk loans; "3" to moderate risk loans, "4" to
acceptable risk loans; and "5" to special mention and classified
loans. These values are weighted by loan amount and exclude loans
with no risk rating. Some of the loans in lines 1, 6, 11, 16, 21,
26, and 31-39 are not rated for risk.
(6.) The maturity/repricing interval measures the period from the
date the loan is made until it first may reprice or it matures.
For floating-rate loans that are subject to repricing at any
time--such as many prime-based loans--the maturity/repricing interval
is zero. For floating-rate loans that have a scheduled repricing
interval, the maturity/repricing interval measures the number
of days between the date the loan is made and the date on which it
is next scheduled to reprice. For loans having rates that remain
fixed until the loan matures (fixed-rate loans), the maturity/repricing
interval measures the number of days between the date the loan is made
and the date on which it matures. Loans that reprice daily mature or
reprice on the business day after they are made. Owing to weekends and
holidays, such loans may have maturity/repricing intervals in excess of
one day; such loans are not included in the "2 to 30 day" category.
(7.) For the current survey, the average reported prime rate, weighted
by the amount of loans priced relative to a prime base rate, was
9.55 percent for all banks; 9.50 percent for large domestic banks,
9.68 percent for small domestic banks; and 9.50 percent for U.S.
branches and agencies of foreign banks.
4.30 ASSETS AND LIABILITIES of U.S. Branches and Agencies of
Foreign Banks, June 30, 2000(1)
Millions of dollars except as noted
All states(2) New York
Item Total Total
including IBFs including
IBFs(3) only(3) IBFs
1 Total assets(4) 919,627 188,018 754,378
2 Claims on nonrelated parties 735,402 79,285 594,089
3 Cash and balances due from
depository institutions 83,073 38,780 78,236
4 Cash items in process of
collection and
unposted debits 2,324 0 2,277
5 Currency and coin (U.S. and
foreign) 16 n.a. 11
6 Balances with depository
institutions in United
States 55,146 17,418 52,308
7 U.S. branches and
agencies of other
foreign banks
(including IBFs) 48,438 16,578 46,027
8 Other depository
institutions in
United States
(including IBFs) 6,707 839 6,281
9 Balances with banks in
foreign countries and
with foreign central
banks 25,105 21,362 23,266
10 Foreign branches of U.S.
banks 730 633 717
11 Banks in home country and
home-country central
banks 7,524 6,715 7,393
12 All other banks in
foreign countries
and foreign central
banks 16,851 14,015 15,156
13 Balances with Federal
Reserve Banks 482 n.a. 374
14 Total securities and loans 438,391 33,653 340,867
15 Total securities, book value 111,277 3,977 103,207
16 U.S. Treasury 16,552 n.a. 15,692
17 Obligations of U.S.
government agencies and
corporations 47,756 n.a. 45,343
18 Other bonds, notes, deben-
tures, and corporate
stock (including state
and local securities) 46,968 3,977 42,172
19 Securities of foreign
governmental units 9,698 1,972 9,449
20 All Other 37,270 2,005 32,724
21 Federal funds sold and
securities purchased
under agreements to 92,308 4,348 89,671
resell
22 U.S. branches and agencies
of other foreign banks 12,219 2,487 11,657
23 Commercial banks in United
States 9,270 120 8,870
24 Other 70,819 1,741 69,144
25 Total loans, gross 327,471 29,717 237,919
26 LESS: Unearned income on
loans 356 41 259
27 EQUALS: Loans, net 327,115 29,676 237,660
Total loans, gross, by
category
28 Real estate loans 17,622 94 12,143
29 Loans to depository
institutions 25,694 13,439 18,225
30 Commercial banks in United
States (including IBFs) 8,914 2,350 7,051
31 U.S. branches and
agencies of other
foreign banks 5,957 2,156 4,511
32 Other commercial banks
in United States 2,957 194 2,540
33 Other depository
institutions in United
States (including IBFs) 18 0 3
34 Banks in foreign countries 16,762 11,089 11,171
35 Foreign branches of U.S.
banks 1,126 550 1,102
36 Other banks in foreign
countries 15,636 10,539 10,069
37 Loans to other financial
institutions 50,325 1,838 38,468
38 Commercial and industrial
loans 210,765 12,088 149,402
39 U.S. addressees (domicile) 173,411 31 122,304
(domicile)
40 Non-U.S. addressees 37,355 12,057 27,098
41 Acceptances of other banks 780 9 145
42 U.S. banks 6 0 3
43 Foreign banks 774 9 142
44 Loans to foreign governments
and official institutions
(including foreign
central banks) 3,535 2,123 3,077
45 Loans for purchasing or
carrying securities
(secured and unsecured) 11,043 21 10,485
46 All other loans 6,758 105 5,732
47 Lease financing receivables
(net of unearned income) 948 0 240
48 U.S. addressees (domicile) 948 0 240
49 Non-U.S. addressees
(domicile) 0 0 0
50 Trading assets 87,191 650 55,365
51 All other assets 34,438 1,854 29,950
52 Customers' liabilities on
acceptances outstanding 1,520 n.a. 1,048
53 U.S. addressees
(domicile) 725 n.a. 574
54 Non-U.S. addressees
(domicile) 795 n.a. 475
55 Other assets including other
claims on nonrelated
parties 32,918 1,854 28,902
56 Net due from related
depository
institutions(5) 184,225 108,733 160,289
57 Net due from head office and
other related depo-
sitory institutions(5) 184,225 n.a. 160,289
58 Net due from establishing
entity, head office, and
other related depo-
sitory institutions(5) n.a. 108,733 n.a.
59 Total liabilities(4) 919,627 188,018 754,378
60 Liabilities to nonrelated
parties 806,465 170,549 685,762
61 Total deposits and credit
balances 369,024 127,424 308,461
62 Individuals, partnerships,
and corporations 274,472 12,060 222,552
63 U.S. addressees
(domicile) 257,070 0 211,851
64 Non-U.S. addressees
(domicile) 17,402 12,059 10,701
65 Commercial banks in United
States (including IBFs) 45,798 16,524 40,374
66 U.S. branches and
agencies of other
foreign banks 20,319 15,529 16,133
67 Other commercial banks in
United States 25,479 994 24,241
68 Banks in foreign countries 8,469 68,664 8,108
69 Foreign branches of U.S.
banks 1,222 4,914 1,222
70 Other banks in foreign
countries 7,246 63,750 6,886
71 Foreign governments and
official institutions
(including foreign
central banks) 19,975 30,176 18,620
72 All other deposits and
credit balances 20,106 0 18,622
73 Certified and official
checks 204 n.a. 186
74 Transaction accounts and
credit balances
(excluding IBFs) 9,191 n.a. 7,268
75 Individuals, partnerships,
and corporations 7,310 n.a. 5,614
76 U.S. addressees
(domicile) 5,105 n.a. 4,268
77 Non-U.S. addressees
(domicile) 2,205 n.a. 1,346
78 Commercial banks in United
States (including IBFs) 68 n.a. 53
79 U.S. branches and
agencies of other
foreign banks 10 n.a. 9
80 Other commercial banks in
United States 58 44
81 Banks in foreign countries 1,029 n.a. 886
82 Foreign branches of U.S.
banks 1 n.a. 1
83 Other banks in foreign
countries 1,028 n.a. 886
84 Foreign governments and
official institutions
(including foreign
central banks) 405 n.a. 365
85 All other deposits and
credit balances 175 n.a. 165
86 Certified and official
checks 204 n.a. 186
87 Demand deposits (included in
transaction accounts
and credit balances) 8,372 n.a. 6,703
88 Individuals, partnerships,
and corporations 6,664 n.a. 5,221
89 U.S. addressees
(domicile) 4,770 n.a. 4,011
90 Non-U.S. addressees
(domicile) 1,895 n.a. 1,209
91 Commercial banks in United
States (including IBFs) 65 n.a. 49
92 U.S. branches and
agencies of other
foreign banks 10 n.a. 9
93 Other commercial banks in
United States 55 n.a. 40
94 Banks in foreign countries 985 n.a. 843
95 Foreign branches of U.S.
banks 1 n.a. 1
96 Other banks in foreign
countries 983 n.a. 842
97 Foreign governments and
official institutions
(including foreign
central banks) 398 n.a. 359
98 All other deposits and
credit balances 56 n.a. 46
99 Certified and official
checks 204 n.a. 186
100 Nontransaction accounts
(including MMDAs,
(excluding IBFs) 359,833 n.a. 301,193
101 Individuals, partnerships,
and corporations 267,162 n.a. 216,938
102 U.S. addressees
(domicile) 251,965 n.a. 207,583
103 Non-U.S. addressees
(domicile) 15,197 n.a. 9,355
104 Commercial banks in United
States (including IBFs) 45,730 n.a. 40,321
105 U.S. branches and
agencies of other
foreign banks 20,310 n.a. 16,124
106 Other commercial banks in
United States 25,420 n.a. 24,197
107 Banks in foreign countries 7,439 n.a. 7,222
108 Foreign branches of U.S.
banks 1,221 n.a. 1,221
109 Other banks in foreign
countries 6,218 n.a. 6,001
110 Foreign governments and
official institutions
(including foreign
central banks) 19,571 n.a. 18,255
111 All other deposits and
credit balances 19,930 n.a. 18,457
112 IBF deposit liabilities n.a. 127,424 n.a.
113 Individuals, partnerships,
and corporations n.a. 12,060 n.a.
114 U.S. addressees
(domicile) n.a. 0 n.a.
115 Non-U.S. addressees
(domicile) n.a. 12,059 n.a.
116 Commercial banks in United
States (including IBFs) n.a. 16,524 n.a.
117 U.S. branches and
agencies of other
foreign banks n.a. 15,529 n.a.
118 Other commercial banks
in United States n.a. 994 n.a.
119 Banks in foreign countries n.a. 68,664 n.a.
120 Foreign branches of U.S.
banks n.a. 4,914 n.a.
121 Other banks in foreign
countries n.a. 63,750 n.a.
122 Foreign governments and
official institutions
(including foreign
central banks) n.a. 30,176 n.a.
123 All other deposits and
credit balances n.a. 0 n.a.
124 Federal funds purchased and
securities sold under
agreements to repurchase 140,033 16,159 130,716
125 U.S. branches and agencies
of other foreign banks 12,338 2,814 10,233
126 Other commercial banks in
United States 9,658 228 8,329
127 Other 118,037 13,117 112,154
128 Other borrowed money 78,632 25,476 59,903
129 Owed to nonrelated commercial
banks in United States
(including IBFs) 13,154 5,126 11,022
130 Owed to U.S. offices of
nonrelated U.S. banks 5,861 972 5,411
131 Owed to U.S. branches and
agencies of nonrelated
foreign banks 7,293 4,154 5,611
132 Owed to nonrelated banks in
foreign countries 17,291 15,572 12,966
133 Owed to foreign branches of
nonrelated U.S. banks 1,774 1,652 1,381
134 Owed to foreign offices of
nonrelated foreign banks 15,517 13,920 11,584
135 Owed to others 48,187 4,779 35,915
136 All other liabilities 91,352 1,490 74,706
137 Branch or agency liability
on acceptances executed
and outstanding 1,840 n.a. 1,217
138 Trading liabilities 62,682 41 50,413
139 Other liabilities to
nonrelated parties 26,830 1,450 23,076
140 Net due to related depository
institutions(5) 113,161 17,468 68,616
141 Net due to head office
and ions(5) other
related depository
institutions(5) 113,161 n.a. 68,616
142 Net due to establishing
entity, head officer,
and other related
depository
institutions(5) n.a. 17,468 n.a.
MEMO
143 Non-interest-bearing balances
with commercial banks
in United States 2,225 0 2,092
144 Holding of own acceptances
included in commercial and
industrial loans 1,957 n.a. 1,483
145 Commercial and industrial
loans with remaining
maturity of one year
or less (excluding those
in nonaccrual status) 103,704 n.a. 64,130
146 Predetermined interest rates 60,184 n.a. 33,599
147 Floating interest rates 43,520 n.a. 30,531
148 Commercial and industrial
loans with remaining
maturity of more
than one year (excluding
those in nonaccrual
status) 104,699 n.a. 83,382
149 Predetermined interest rates 22,103 n.a. 18,557
150 Floating interest rates 82,596 n.a. 64,825
151 Components of total
nontransaction accounts,
included in total
deposits and credit
balances (excluding IBFs) 361,218 n.a. 304,249
152 Time deposits of $100,000
or more 354,969 n.a. 298,063
153 Time CDs in denominations
of $100,000 or more
with remaining maturity
of more than 12 months 6,249 n.a. 6,186
All states(2) New York
Item Total Total
including IBFs including
IBFs(3) only(3) IBFs
154 Immediately available funds
with a maturity greater
than one day included
in other borrowed money 28,359 n.a. 23,995
155 Number of reports filed(6) 349 0 182
New York California
Item Total
IBFs including IBFs
only IBFs only
1 Total assets(4) 160,840 27,334 6,655
2 Claims on nonrelated parties 69,244 26,634 1,920
3 Cash and balances due from
depository institutions 36,355 732 321
4 Cash items in process of
collection and
unposted debits 0 2 0
5 Currency and coin (U.S. and
foreign) n.a. 1 n.a.
6 Balances with depository
institutions in United
States 16,448 548 163
7 U.S. branches and
agencies of other
foreign banks
(including IBFs) 15,633 345 163
8 Other depository
institutions in
United States
(including IBFs) 814 204 0
9 Balances with banks in
foreign countries and
with foreign central
banks 19,907 161 158
10 Foreign branches of U.S.
banks 630 0 0
11 Banks in home country and
home-country central
banks 6,603 106 106
12 All other banks in
foreign countries
and foreign central
banks 12,674 55 52
13 Balances with Federal
Reserve Banks n.a. 19 n.a.
14 Total securities and loans 26,910 25,052 1,545
15 Total securities, book value 3,452 1,204 488
16 U.S. Treasury n.a. 53 n.a.
17 Obligations of U.S.
government agencies and
corporations n.a. 179 n.a.
18 Other bonds, notes, deben-
tures, and corporate
stock (including state
and local securities) 3,452 971 488
19 Securities of foreign
governmental units 1,844 218 115
20 All Other 1,609 753 373
21 Federal funds sold and
securities purchased
under agreements to 4,309 343 13
resell
22 U.S. branches and agencies
of other foreign banks 2,450 156 13
23 Commercial banks in United
States 118 161 0
24 Other 1,741 27 0
25 Total loans, gross 23,495 23,888 1,058
26 LESS: Unearned income on
loans 37 39 1
27 EQUALS: Loans, net 23,457 23,848 1,057
Total loans, gross, by
category
28 Real estate loans 94 3,157 0
29 Loans to depository
institutions 9,200 1,462 848
30 Commercial banks in United
States (including IBFs) 1,680 1,138 553
31 U.S. branches and
agencies of other
foreign banks 1,492 1,039 547
32 Other commercial banks
in United States 188 98 6
33 Other depository
institutions in United
States (including IBFs) 0 0 0
34 Banks in foreign countries 7,520 324 295
35 Foreign branches of U.S.
banks 528 0 0
36 Other banks in foreign
countries 6,992 324 295
37 Loans to other financial
institutions 1,589 1,141 0
38 Commercial and industrial
loans 10,500 17,605 187
39 U.S. addressees (domicile) 30 16,119 0
(domicile)
40 Non-U.S. addressees 10,469 1,485 187
41 Acceptances of other banks 9 14 0
42 U.S. banks 0 1 0
43 Foreign banks 9 13 0
44 Loans to foreign governments
and official institutions
(including foreign
central banks) 2,006 143 23
45 Loans for purchasing or
carrying securities
(secured and unsecured) 20 0 0
46 All other loans 76 366 0
47 Lease financing receivables
(net of unearned income) 0 0 0
48 U.S. addressees (domicile) 0 0 0
49 Non-U.S. addressees
(domicile) 0 0 0
50 Trading assets 650 57 0
51 All other assets 1,021 450 40
52 Customers' liabilities on
acceptances outstanding n.a. 143 n.a.
53 U.S. addressees
(domicile) n.a. 140 n.a.
54 Non-U.S. addressees
(domicile) n.a. 3 n.a.
55 Other assets including other
claims on nonrelated
parties 1,021 307 40
56 Net due from related
depository
institutions(5) 91,596 700 4,735
57 Net due from head office and
other related depo-
sitory institutions(5) n.a. 700 n.a.
58 Net due from establishing
entity, head office, and
other related depo-
sitory institutions(5) 91,596 n.a. 4,735
59 Total liabilities(4) 160,840 27,334 6,655
60 Liabilities to nonrelated
parties 144,884 11,948 6,527
61 Total deposits and credit
balances 111,976 3,280 1,236
62 Individuals, partnerships,
and corporations 6,691 2,679 218
63 U.S. addressees
(domicile) 0 1,059 0
64 Non-U.S. addressees
(domicile) 6,691 1,621 218
65 Commercial banks in United
States (including IBFs) 16,176 353 83
66 U.S. branches and
agencies of other
foreign banks 15,279 0 83
67 Other commercial banks in
United States 897 353 0
68 Banks in foreign countries 65,494 7 164
69 Foreign branches of U.S.
banks 4,708 0 0
70 Other banks in foreign
countries 60,786 7 164
71 Foreign governments and
official institutions
(including foreign
central banks) 23,615 9 771
72 All other deposits and
credit balances 0 228 0
73 Certified and official
checks n.a. 5 n.a.
74 Transaction accounts and
credit balances
(excluding IBFs) n.a. 254 n.a.
75 Individuals, partnerships,
and corporations n.a. 240 n.a.
76 U.S. addressees
(domicile) n.a. 132 n.a.
77 Non-U.S. addressees
(domicile) n.a. 107 n.a.
78 Commercial banks in United
States (including IBFs) n.a. 1 n.a.
79 U.S. branches and
agencies of other
foreign banks n.a. 0 n.a.
80 Other commercial banks in
United States n.a. 1 n.a.
81 Banks in foreign countries n.a. 7 n.a.
82 Foreign branches of U.S.
banks n.a. 0 n.a.
83 Other banks in foreign
countries n.a. 7 n.a.
84 Foreign governments and
official institutions
(including foreign
central banks) n.a. 1 n.a.
85 All other deposits and
credit balances n.a. 1 n.a.
86 Certified and official
checks n.a. 5 n.a.
87 Demand deposits (included in
transaction accounts
and credit balances) n.a. 184 n.a.
88 Individuals, partnerships,
and corporations n.a. 170 n.a.
89 U.S. addressees
(domicile) n.a. 109 n.a.
90 Non-U.S. addressees
(domicile) n.a. 61 n.a.
91 Commercial banks in United
States (including IBFs) n.a. 1 n.a.
92 U.S. branches and
agencies of other
foreign banks n.a. 0 n.a.
93 Other commercial banks in
United States n.a. 1 n.a.
94 Banks in foreign countries n.a. 7 n.a.
95 Foreign branches of U.S.
banks n.a. 0 n.a.
96 Other banks in foreign
countries n.a. 7 n.a.
97 Foreign governments and
official institutions
(including foreign
central banks) n.a. 1 n.a.
98 All other deposits and
credit balances n.a. 0 n.a.
99 Certified and official
checks n.a. 5 n.a.
100 Nontransaction accounts
(including MMDAs,
(excluding IBFs) n.a. 3,026 n.a.
101 Individuals, partnerships,
and corporations n.a. 2,440 n.a.
102 U.S. addressees
(domicile) n.a. 926 n.a.
103 Non-U.S. addressees
(domicile) n.a. 1,514 n.a.
104 Commercial banks in United
States (including IBFs) n.a. 352 n.a.
105 U.S. branches and
agencies of other
foreign banks n.a. 0 n.a.
106 Other commercial banks in
United States n.a. 352 n.a.
107 Banks in foreign countries n.a. 0 n.a.
108 Foreign branches of U.S.
banks n.a. 0 n.a.
109 Other banks in foreign
countries n.a. 0 n.a.
110 Foreign governments and
official institutions
(including foreign
central banks) n.a. 7 n.a.
111 All other deposits and
credit balances n.a. 227 n.a.
112 IBF deposit liabilities 111,976 n.a. 1,236
113 Individuals, partnerships,
and corporations 6,691 n.a. 218
114 U.S. addressees
(domicile) 0 n.a. 0
115 Non-U.S. addressees
(domicile) 6,691 n.a. 218
116 Commercial banks in United
States (including IBFs) 16,176 n.a. 83
117 U.S. branches and
agencies of other
foreign banks 15,279 n.a. 83
118 Other commercial banks
in United States 897 n.a. 0
119 Banks in foreign countries 65,494 n.a. 164
120 Foreign branches of U.S.
banks 4,708 n.a. 0
121 Other banks in foreign
countries 60,786 n.a. 164
122 Foreign governments and
official institutions
(including foreign
central banks) 23,615 n.a. 771
123 All other deposits and
credit balances 0 n.a. 0
124 Federal funds purchased and
securities sold under
agreements to repurchase 12,455 1,094 366
125 U.S. branches and agencies
of other foreign banks 2,365 418 164
126 Other commercial banks in
United States 200 334 28
127 Other 9,889 342 174
128 Other borrowed money 19,089 5,986 4,885
129 Owed to nonrelated commercial
banks in United States
(including IBFs) 4,149 1,070 821
130 Owed to U.S. offices of
nonrelated U.S. banks 849 135 117
131 Owed to U.S. branches and
agencies of nonrelated
foreign banks 3,299 936 704
132 Owed to nonrelated banks in
foreign countries 11,334 3,334 3,333
133 Owed to foreign branches of
nonrelated U.S. banks 1,280 351 351
134 Owed to foreign offices of
nonrelated foreign banks 10,054 2,984 2,982
135 Owed to others 3,606 1,582 731
136 All other liabilities 1,364 352 40
137 Branch or agency liability
on acceptances executed
and outstanding n.a. 143 n.a.
138 Trading liabilities 41 44 0
139 Other liabilities to
nonrelated parties 1,324 165 40
140 Net due to related depository
institutions(5) 15,956 15,386 127
141 Net due to head office
and ions(5) other
related depository
institutions(5) n.a. 15,386 n.a.
142 Net due to establishing
entity, head officer,
and other related
depository
institutions(5) 15,956 n.a. 127
MEMO
143 Non-interest-bearing balances
with commercial banks
in United States 0 43 0
144 Holding of own acceptances
included in commercial and
industrial loans n.a. 162 n.a.
145 Commercial and industrial
loans with remaining
maturity of one year
or less (excluding those
in nonaccrual status) n.a. 8,958 n.a.
146 Predetermined interest rates n.a. 4,256 n.a.
147 Floating interest rates n.a. 4,702 n.a.
148 Commercial and industrial
loans with remaining
maturity of more
than one year (excluding
those in nonaccrual
status) n.a. 8,570 n.a.
149 Predetermined interest rates n.a. 1,010 n.a.
150 Floating interest rates n.a. 7,559 n.a.
151 Components of total
nontransaction accounts,
included in total
deposits and credit
balances (excluding IBFs) n.a. 2,868 n.a.
152 Time deposits of $100,000
or more n.a. 2,830 n.a.
153 Time CDs in denominations
of $100,000 or more
with remaining maturity
of more than 12 months n.a. 39 n.a.
154 Immediately available funds
with a maturity greater
than one day included
in other borrowed money n.a. 2,971 n.a.
155 Number of reports filed(6) 0 70 0
Illinois
Item Total
including IBFs
IBFs only
1 Total assets(4) 46,937 5,243
2 Claims on nonrelated parties 45,858 2,032
3 Cash and balances due from
depository institutions 2,700 1,890
4 Cash items in process of
collection and
unposted debits 25 0
5 Currency and coin (U.S. and
foreign) 0 n.a.
6 Balances with depository
institutions in United
States 1,110 623
7 U.S. branches and
agencies of other
foreign banks
(including IBFs) 1,076 623
8 Other depository
institutions in
United States
(including IBFs) 34 0
9 Balances with banks in
foreign countries and
with foreign central
banks 1,552 1,267
10 Foreign branches of U.S.
banks 0 0
11 Banks in home country and
home-country central
banks 0 0
12 All other banks in
foreign countries
and foreign central
banks 1,552 1,267
13 Balances with Federal
Reserve Banks 13 n.a.
14 Total securities and loans 33,101 110
15 Total securities, book value 5,703 12
16 U.S. Treasury 792 n.a.
17 Obligations of U.S.
government agencies and
corporations 2,022 n.a.
18 Other bonds, notes, deben-
tures, and corporate
stock (including state
and local securities) 2,888 12
19 Securities of foreign
governmental units 12 12
20 All Other 2,876 0
21 Federal funds sold and
securities purchased
under agreements to 1,575 0
resell
22 U.S. branches and agencies
of other foreign banks 4 0
23 Commercial banks in United
States 3 0
24 Other 1,568 0
25 Total loans, gross 27,418 98
26 LESS: Unearned income on
loans 20 0
27 EQUALS: Loans, net 27,398 98
Total loans, gross, by
category
28 Real estate loans 345 0
29 Loans to depository
institutions 300 93
30 Commercial banks in United
States (including IBFs) 20 5
31 U.S. branches and
agencies of other
foreign banks 20 5
32 Other commercial banks
in United States 0 0
33 Other depository
institutions in United
States (including IBFs) 0 0
34 Banks in foreign countries 281 88
35 Foreign branches of U.S.
banks 2 0
36 Other banks in foreign
countries 278 88
37 Loans to other financial
institutions 3,976 0
38 Commercial and industrial
loans 21,054 2
39 U.S. addressees (domicile) 19,216 0
(domicile)
40 Non-U.S. addressees 1,838 2
41 Acceptances of other banks 619 0
42 U.S. banks 0 0
43 Foreign banks 619 0
44 Loans to foreign governments
and official institutions
(including foreign
central banks) 171 3
45 Loans for purchasing or
carrying securities
(secured and unsecured) 0 0
46 All other loans 247 0
47 Lease financing receivables
(net of unearned income) 707 0
48 U.S. addressees (domicile) 707 0
49 Non-U.S. addressees
(domicile) 0 0
50 Trading assets 6,569 0
51 All other assets 1,913 32
52 Customers' liabilities on
acceptances outstanding 292 n.a.
53 U.S. addressees
(domicile) 11 n.a.
54 Non-U.S. addressees
(domicile) 281 n.a.
55 Other assets including other
claims on nonrelated
parties 1,621 32
56 Net due from related
depository
institutions(5) 1,079 3,211
57 Net due from head office and
other related depo-
sitory institutions(5) 1,079 n.a.
58 Net due from establishing
entity, head office, and
other related depo-
sitory institutions(5) n.a. 3,211
59 Total liabilities(4) 46,937 5,243
60 Liabilities to nonrelated
parties 35,411 5,129
61 Total deposits and credit
balances 14,410 4,120
62 Individuals, partnerships,
and corporations 12,324 16
63 U.S. addressees
(domicile) 12,194 0
64 Non-U.S. addressees
(domicile) 130 16
65 Commercial banks in United
States (including IBFs) 973 130
66 U.S. branches and
agencies of other
foreign banks 325 45
67 Other commercial banks in
United States 648 85
68 Banks in foreign countries 150 1,198
69 Foreign branches of U.S.
banks 0 206
70 Other banks in foreign
countries 150 992
71 Foreign governments and
official institutions
(including foreign
central banks) 961 2,776
72 All other deposits and
credit balances 1 0
73 Certified and official
checks 1 n.a.
74 Transaction accounts and
credit balances
(excluding IBFs) 443 n.a.
75 Individuals, partnerships,
and corporations 440 n.a.
76 U.S. addressees
(domicile) 436 n.a.
77 Non-U.S. addressees
(domicile) 3 n.a.
78 Commercial banks in United
States (including IBFs) 0 n.a.
79 U.S. branches and
agencies of other
foreign banks 0 n.a.
80 Other commercial banks in
United States 0 n.a.
81 Banks in foreign countries 0 n.a.
82 Foreign branches of U.S.
banks 0 n.a.
83 Other banks in foreign
countries 0 n.a.
84 Foreign governments and
official institutions
(including foreign
central banks) 2 n.a.
85 All other deposits and
credit balances 0 n.a.
86 Certified and official
checks 1 n.a.
87 Demand deposits (included in
transaction accounts
and credit balances) 440 n.a.
88 Individuals, partnerships,
and corporations 436 n.a.
89 U.S. addressees
(domicile) 433 n.a.
90 Non-U.S. addressees
(domicile) 3 n.a.
91 Commercial banks in United
States (including IBFs) 0 n.a.
92 U.S. branches and
agencies of other
foreign banks 0 n.a.
93 Other commercial banks in
United States 0 n.a.
94 Banks in foreign countries 0 n.a.
95 Foreign branches of U.S.
banks 0 n.a.
96 Other banks in foreign
countries 0 n.a.
97 Foreign governments and
official institutions
(including foreign
central banks) 2 n.a.
98 All other deposits and
credit balances 0 n.a.
99 Certified and official
checks 1 n.a.
100 Nontransaction accounts
(including MMDAs,
(excluding IBFs) 13,967 n.a.
101 Individuals, partnerships,
and corporations 11,884 n.a.
102 U.S. addressees
(domicile) 11,757 n.a.
103 Non-U.S. addressees
(domicile) 127 n.a.
104 Commercial banks in United
States (including IBFs) 973 n.a.
105 U.S. branches and
agencies of other
foreign banks 325 n.a.
106 Other commercial banks in
United States 648 n.a.
107 Banks in foreign countries 150 n.a.
108 Foreign branches of U.S.
banks 0 n.a.
109 Other banks in foreign
countries 150 n.a.
110 Foreign governments and
official institutions
(including foreign
central banks) 959 n.a.
111 All other deposits and
credit balances 1 n.a.
112 IBF deposit liabilities n.a. 4,120
113 Individuals, partnerships,
and corporations n.a. 16
114 U.S. addressees
(domicile) n.a. 0
115 Non-U.S. addressees
(domicile) n.a. 16
116 Commercial banks in United
States (including IBFs) n.a. 130
117 U.S. branches and
agencies of other
foreign banks n.a. 45
118 Other commercial banks
in United States n.a. 85
119 Banks in foreign countries n.a. 1,198
120 Foreign branches of U.S.
banks n.a. 206
121 Other banks in foreign
countries n.a. 992
122 Foreign governments and
official institutions
(including foreign
central banks) n.a. 2,776
123 All other deposits and
credit balances n.a. 0
124 Federal funds purchased and
securities sold under
agreements to repurchase 4,519 534
125 U.S. branches and agencies
of other foreign banks 1,323 70
126 Other commercial banks in
United States 361 0
127 Other 2,835 464
128 Other borrowed money 5,557 458
129 Owed to nonrelated commercial
banks in United States
(including IBFs) 522 75
130 Owed to U.S. offices of
nonrelated U.S. banks 62 0
131 Owed to U.S. branches and
agencies of nonrelated
foreign banks 460 75
132 Owed to nonrelated banks in
foreign countries 183 168
133 Owed to foreign branches of
nonrelated U.S. banks 0 0
134 Owed to foreign offices of
nonrelated foreign banks 183 168
135 Owed to others 4,852 214
136 All other liabilities 6,805 18
137 Branch or agency liability
on acceptances executed
and outstanding 436 n.a.
138 Trading liabilities 5,304 0
139 Other liabilities to
nonrelated parties 1,065 18
140 Net due to related depository
institutions(5) 11,526 113
141 Net due to head office
and ions(5) other
related depository
institutions(5) 11,526 n.a.
142 Net due to establishing
entity, head officer,
and other related
depository
institutions(5) n.a. 113
MEMO
143 Non-interest-bearing balances
with commercial banks
in United States 23 0
144 Holding of own acceptances
included in commercial and
industrial loans 216 n.a.
145 Commercial and industrial
loans with remaining
maturity of one year
or less (excluding those
in nonaccrual status) 16,544 n.a.
146 Predetermined interest rates 13,830 n.a.
147 Floating interest rates 2,715 n.a.
148 Commercial and industrial
loans with remaining
maturity of more
than one year (excluding
those in nonaccrual
status) 4,429 n.a.
149 Predetermined interest rates 594 n.a.
150 Floating interest rates 3,835 n.a.
151 Components of total
nontransaction accounts,
included in total
deposits and credit
balances (excluding IBFs) 13,710 n.a.
152 Time deposits of $100,000
or more 13,709 n.a.
153 Time CDs in denominations
of $100,000 or more
with remaining maturity
of more than 12 months 1 n.a.
154 Immediately available funds
with a maturity greater
than one day included
in other borrowed money 835 n.a.
155 Number of reports filed(6) 29 0
(1.) Data are aggregates of categories reported on the quarterly
form FFIEC 002, "Report of Assets and Liabilities of U.S. Branches
and Agencies of Foreign Banks." The form was first used for reporting
data as of June 30, 1980, and was revised as of December 31, 1985.
From November 1972 through May 1980, US branches and agencies of
foreign banks had filed a monthly FR 886a report. Aggregate data
from that report were available through the Federal Reserve monthly
statistical release G.11, last issued on July 10, 1980. Data in this
table and in the G.11 tables are not strictly comparable because
of differences in reporting panels and in definitions of balance
sheet items.
(2) Includes the District of Columbia.
(3) Effective December 1981, the Federal Reserve Board amended
Regulations D and Q to permit banking offices located in the United
States to operate international banking facilities (IBFs). Since
December 31, 1985, data for IBFs have been reported in a separate
column. These data are either included in or excluded from the
total columns as indicated in the headings. The notation "n.a."
indicates that no IBF data have been reported for that item,
not reported for IBFs. From December 1981 through September
1985, IBF data were included in all applicable items reported.
(4) Total assets and total liabilities include net balances,
if any, due from or owed to related banking institutions in the
United States and in foreign countries (see note 5). On the former
monthly branch and agency report, available through the G.11
monthly statistical release, gross balances were included in
total assets and total liabilities. Therefore, total asset and total
liability figures in this table are not comparable to those in the
G.11 tables.
(5) Related depository institutions includes the foreign head
office and other US and foreign branches and agencies of a bank,
a bank's parent holding company, and majority-owned banking
subsidiaries of the bank and of its parent holding company
(including subsidiaries owned both directly and indirectly).
(6) In some cases two or more offices of a foreign bank
within the same metropolitan area file a consolidated report.
4.31 PRO FORMA FINANCIAL STATEMENTS FOR FEDERAL RESERVE PRICED SERVICES
A. Pro forma balance sheet
Millions of dollars
Item June 30, 2000 June 30, 1999
Short-term assets (Note 1)
Imputed reserve requirement
on clearing balances 610.7 665.3
Investment in marketable
securities 5,496.2 5,987.7
Receivables 76.4 72.0
Materials and supplies 3.3 4.4
Prepaid expenses 28.5 29.3
Items in process of
collection 3,234.3 4,560.5
Total short-term 9,449.4 11,319.1
assets
Long-term assets (Note 2)
Premises 450.6 411.6
Furniture and equipment 165.0 144.1
Leases and leasehold
improvements 48.9 35.0
Prepaid pension costs 600.5 491.5
Total long-term 1,265.0 1,082.3
assets
Total assets 10,714.4 12,401.4
Short-term liabilities
Clearing balances and
balances arising from
early credit of
uncollected items 5,893.3 7,242.6
Deferred-availability items 3,448.0 3,970.9
Short-term debt 108.2 105.6
Total short-term
liabilities 9,449.4 11,319.1
Long-term liabilities
Obligations under capital
leases .0 .0
Long-term debt 405.4 219.8
Postretirement/postemploy-
ment benefits obligation 236.0 222.1
Total long-term
liabilities 641.4 441.9
Total liabilities 10,090.8 11,761.1
Equity 623.6 640.4
Total liabilities and
equity (Note 3) 10,714.4 12,401.4
B. Pro forma income statement
Millions of dollars
Item Quarter ending Quarter ending
June 30, 2000 June 30, 1999
Revenue from services
provided to depository
institutions (Note 4) 221.9 205.3
Operating expenses (Note 5) 173.6 164.5
Income from operations 48.3 40.7
Inputed costs (Note 6)
Interest on float .4 .3
Interest on debt 7.9 4.6
Sales taxes 1.9 2.4
FDIC insurance 0.0 10.2 0.8 8.3
Income from operations after
imputed costs 38.1 32.4
Other income and expenses
(Note 7)
Investment income on
clearing balances 98.9 77.3
Earnings credits 93.4 5.5 70.5 6.8
Income before income taxes 43.6 39.3
Inputed income taxes
(Note 8) 13.7 12.5
Net income 29.9 26.7
MEMO
Targeted return on equity
(Note 9) 24.6 14.2
Six months Six months
ending ending
June 30, 2000 June 30, 1999
Revenue from services
provided to depository
institutions (Note 4) 433.4 408.4
Operating expenses (Note 5) 346.4 334.9
Income from operations 87.0 73.5
Imputed costs (Note 6)
Interest on float 3.2 5.9
Interest on debt 15.8 9.2
Sales taxes 4.2 4.6
FDIC insurance 0.0 23.2 1.6 21.4
Income from operations
after imputed costs 63.8 52.1
Other income and expenses
(Note 7)
Investment income on
clearing balances 203.7 159.2
Earnings credits -181.8 22.0 141.0 18.3
Income before income taxes 85.7 70.4
Imputed income taxes
(Note 8) 27.0 22.5
Net income 58.7 47.9
MEMO
Targeted return on equity
(Note 9) 49.2 31.5
NOTE. Components may not sum to totals because of rounding. The priced
services financial statements consist of these tables and the
accompanying notes.
NOTE. Components may not sum to totals because of rounding. The
priced services financial statements consist of these tables and
the accompanying notes
(1) SHORT-TERM ASSETS
The imputed reserve requirement on clearing balances held at
Reserve Banks by depository institutions reflects a treatment
comparable to that of compensating balances held at correspondent
banks by respondent institutions. The reserve requirement imposed
on respondent balances must be held as vault cash or as nonearning
balances maintained at a Reserve Bank; thus, a portion of priced
services clearing balances held with the Federal Reserve is shown as
required reserves on the asset side of the balance sheet. The
remainder of clearing balances is assumed to be invested in
three-month Treasury bills, shown as investment in marketable
securities.
Receivables are (1) amounts due the Reserve Banks for priced services
and (2) the share of suspense-account and difference-account
balances related to priced services.
Materials and supplies are the inventory value of short-term assets.
Prepaid expenses include salary advances and travel advances for
priced-service personnel.
Items in process of collection is gross Federal Reserve cash items
in process of collection (CIPC) stated on a basis comparable to that
of a commercial bank. It reflects adjustments for intra-System items
that would otherwise be double-counted on a consolidated Federal
Reserve balance sheet; adjustments for items associated with
non-priced items, such as those collected for government agencies;
and adjustments for items associated with providing fixed
availability or credit before items are received and processed.
Among the costs to be recovered under the Monetary Control Act is
the cost of float, or net CIPC during the period (the difference
between gross CIPC and deferred-availability items which is the
portion of gross CIPC that involves a financing cost), valued at
the federal funds rate.
(2) LONG-TERM ASSETS
Consists of long-term assets used solely in priced services,
the priced-services portion of long-term assets shared with
nonpriced services, and an estimate of the assets of the Board of
Governors used in the development of priced services. Effective Jan.
1, 1987, the Reserve Banks implemented the Financial Accounting
Standards Board's Statement of Financial Accounting Standards No.
87, Employers' Accounting for Pensions (SFAS 87). Accordingly,
the Federal Reserve Banks recognized credits to expenses of $54.2
million in the second quarter of 1999, $21.9 million in the first
quarter of 1999, $57.7 million in second quarter 2000 and $28.9
million in first quarter 2000, and corresponding increases in
this asset account.
(3) LIABILITIES AND EQUITY
Under the matched-book capital structure for assets that are not
"self-financing," short-term assets are financed with short-term
debt. Long-term assets are financed with long-term debt and equity
in a proportion equal to the ratio of long-term debt to equity for
the fifty largest bank holding companies, which are used in the
model for the private-sector adjustment factor (PSAF). The PSAF
consists of the taxes that would have been paid and the return on
capital that would have been provided had priced services been
furnished by a private-sector firm. Other short-term liabilities
include clearing balances maintained at Reserve Banks and deposit
balances arising from float. Other long-term liabilities consist
of obligations on capital leases.
(4) REVENUE
Revenue represents charges to depository institutions for priced
services and is realized from each institution through one of two
methods: direct charges to an institution's account or
charges against its accumulated earnings credits.
(5) OPERATING EXPENSES
Operating expenses consist of the direct, indirect, and other general
administrative expenses of the Reserve Banks for priced services
plus the expenses for staff members of the Board of Governors working
directly on the development of priced services. The expenses for Board
staff members were $21 million in the first and second quarters of
2000 and $17 million in the first and second quarters of 1999. The
credit to expenses under SFAS 87 (see note 2) is reflected in
operating expenses.
(6) IMPUTED COSTS
Imputed costs consist of interest on float, interest on debt, sales
taxes, and the FDIC assessment Interest on float is derived from
the value of float to be recovered, either explicitly or through
per-item fees, during the period Float costs include costs for checks,
book-entry securities, noncash collection, ACH, and funds transfers
Interest is imputed on the debt assumed necessary to finance
priced-service assets. The sales taxes and FDIC assessment that the
Federal Reserve would have paid had it been a private-sector firm are
among the components of the PSAF (see note 3).
Float costs are based on the actual float incurred for each priced
service, multiplied by the appropriate federal funds rate. Other
imputed costs are allocated among priced services according to the
ratio of operating expenses less shipping expenses for each service
to the total expenses for all services less the total shipping
expenses for all services.
The following list shows the daily average recovery of float
(before converting to float costs) by the Reserve Banks for the
third quarter of 2000 and 1999 in millions of dollars:
2000 1999
Total float 466.4 394.7
Unrecovered float 8.0 (49.6)
Float subject to recovery 458.4 444.2
Sources of float recovery
Income on clearing
balances 46.4 33.5
As-of adjustments 438.8 318.8
Direct charges 279.9 41.6
Per-item fees (306.8) 50.4
Uncovered float includes float generated by services to government
agencies and by other central bank services Float recovered through
income on clearing balances is the result of the increase in investable
clearing balances; the increase is produced by a deduction for float
for cash items in process of collection, which reduces imputed reserve
requirements. The income on clearing balances reduces the float to
be recovered through other means. As-of adjustments are memorandum
adjustments to an institution's reserve or clearing position to
recover float incurred by the institution. Direct charges are billed
to the institution for float incurred when an institution chooses
to close on a normal business day and for float incurred on
interterritory check transportation. Float recovered through direct
charges is valued at cost using the federal funds rate and charged
directly to an institution's account. Float recovered through per-item
fees is valued at the federal funds rate and has been added to the
cost base subject to recovery in the second quarters of 2000 and 1999.
(7) OTHER INCOME AND EXPENSES
Consists of imputed investment income on clearing balances and the
actual cost of earnings credits. Investment income on clearing
balances represents the average coupon-equivalent yield on
three-month. Treasury bills applied to the total clearing balance
maintained, adjusted for the effect of reserve requirements on
clearing balances. Expenses for earnings credits granted to
depository institutions on their clearing balances are derived
by applying the average federal funds rate to the required portion
of the clearing balances, adjusted for the net effect of reserve
requirements on clearing balances.
(8) INCOME TAXES
Imputed income taxes are calculated at the effective tax
rate derived from the PSAF model (see note 3).
(9) RETURN ON EQUITY
Represents the after-tax rate of return on equity that the Federal
Reserve would have earned had it been a private business firm, as
derived from the PSAF model (see note 3). This amount is adjusted
to reflect the recovery of automation consolidation costs of $00
million for the first and second quarters of 2000, $35 million for
the second quarter of 1999, and $33 million for the first quarter
of 1999. The Reserve Banks recovered these amounts, along with
a finance charge, by the end of 1999.
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