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
FSLIC Federal Savings and Loan Insurance Corporation
G-7 Group of Seven
G-10 Group of Ten
GNMA Government National Mortgage Association
GDP Gross domestic product
HUD Department of Housing and Urban
Development
IMF International Monetary Fund
IO Interest only
IPCs Individuals, partnerships, and corporations
IRA Individual retirement account
MMDA Money market deposit account
MSA Metropolitan statistical area
NOW Negotiable order of withdrawal
OCD Other checkable deposit
OPEC Organization of Petroleum Exporting Countries
OTS Office of Thrift Supervision
PMI Private mortgage insurance
PO Principal only
REIT Real estate investment trust
REMIC Real estate mortgage investment conduit
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
Monetary or credit aggregate
Q1 Q2 Q3(r)
Reserves of depository
institutions(2)
1 Total -1.2 -6.6 -15.4
2 Required 1.0 -5.6 -15.0
3 Nonborrowed -1.3 -6.7 -17.1
4 Monetary base(3) 8.7 9.6 9.2
Concepts of money and debt(4)
5 M1 1.9 2.1 -1.8
6 M2 7.5 6.0 5.2
7 M3 8.2 6.0 4.9
8 Debt 6.7 7.0(r) 6.1
Nontransaction components
9 In M2(5) 9.3 7.3 7.5
10 In M3 only(6) 10.1 5.9 4.0
Time and savings deposits
Commercial banks
11 Savings including MMDAs 14.0 10.7 10.6
12 Small time(7) -5.2 -2.0 2.1
13 Large time(8,9) .5 -.9 .2
Thrift institutions
14 Savings, including MMDAs 14.2 14.5 13.3
15 Small time(7) -6.7(r) -6.3 -3.2
16 Large time(8) 8.0 -4.4 1.2
Money market mutual funds
17 Retail 18.7 11.2 8.0
18 Institution-only 19.8 14.1 9.3
Repurchase agreements and
Eurodollars
19 Repurchase agreements(10) 17.4 -1.2(r) 9.1
20 Eurodollars(10) -1.3 21.7 -9.7
Debt components(4)
21 Federal -3.1 -2.3 -.3
22 Nonfederal 9.6 9.7 8.0
1999 1999(r)
Monetary or credit aggregate
Q4(r) Oct. Nov. Dec.
Reserves of depository
institutions(2)
1 Total -7.9 -33.3 7.5 9.4
2 Required -9.4 -33.0 2.2 10.4
3 Nonborrowed -7.5 -32.0 8.9 7.0
4 Monetary base(3) 20.0 16.4 25.6 44.2
Concepts of money and debt(4)
5 M1 4.9 5.6 9.0 15.6
6 M2 5.0 4.2 4.9 7.3
7 M3 9.7 9.2 14.4 16.8
8 Debt 6.4 6.4 4.7 6.8
Nontransaction components
9 In M2(5) 5.0 3.8 3.7 4.6
10 In M3 only(6) 22.8 22.9 39.9 41.9
Time and savings deposits
Commercial banks
11 Savings including MMDAs 4.2 3.7 -.7 -3.1
12 Small time(7) 6.8 6.6 9.0 8.2
13 Large time(8,9) 36.9 50.2 52.7 47.8
Thrift institutions
14 Savings, including MMDAs -3.3 -6.1 -4.5 -8.0
15 Small time(7) 5.0 4.2 8.3 6.4
16 Large time(8) 6.3 .0 20.1 5.3
Money market mutual funds
17 Retail 9.4 7.1 9.2 20.2
18 Institution-only 21.4 22.9 29.9 31.0
Repurchase agreements and
Eurodollars
19 Repurchase agreements(10) 12.8 -.4 31.0 49.3
20 Eurodollars(10) 9.1 -11.6 61.4 65.8
Debt components(4)
21 Federal -4.4 -5.8 -7.7 .8
22 Nonfederal 9.4 9.8 8.1 8.4
2000
Monetary or credit aggregate
Jan.(r) Feb.
Reserves of depository
institutions(2)
1 Total 47.0 -46.3
2 Required 27.2 -22.0
3 Nonborrowed 45.8 -39.2
4 Monetary base(3) 1.3 -38.1
Concepts of money and debt(4)
5 M1 -3.1 -17.0
6 M2 5.9 2.2
7 M3 8.1 4.2
8 Debt 6.0 n.a.
Nontransaction components
9 In M2(5) 8.8 8.2
10 In M3 only(6) 13.7 9.2
Time and savings deposits
Commercial banks
11 Savings including MMDAs 2.1 12.4
12 Small time(7) 7.4 9.2
13 Large time(8,9) 6.3 19.0
Thrift institutions
14 Savings, including MMDAs -3.7 7.2
15 Small time(7) 8.2 2.2
16 Large time(8) 36.8 7.6
Money market mutual funds
17 Retail 26.9 4.1
18 Institution-only 31.8 -11.5
Repurchase agreements and
Eurodollars
19 Repurchase agreements(10) -20.4 47.4
20 Eurodollars(10) 29.5 -21.2
Debt components(4)
21 Federal -4.4 n.a.
22 Nonfederal 8.8 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 M1
is computed by summing currency, travelers checks, demand deposits, and
OCDs, each seasonally adjusted separately.
M2:M1 plus (1) savings (including MMDAs), (2) small-denomination time
deposits (time deposits--including retail RPs--in amounts of less
than $100,000), and (3) balances in retail money market mutual funds.
Excludes individual retirement accounts (IRAs) and Keogh balances
at depository institutions and money market funds. Seasonally adjusted
M2 is calculated by summing savings deposits, small-denomination time
deposits, and retail money fund balances, each seasonally adjusted
separately, and adding this result to seasonally
adjusted M1.
M3:M2 plus (1) large-denomination time deposits (in amounts of
$100,000 or more), (2) balances in institutional money funds, (3) RP
liabilities (overnight and term) issued by all depository institutions,
and (4) Eurodollars (overnight and term) held by U.S. residents at
foreign branches of U.S. banks worldwide and at all banking offices in
the United Kingdom and Canada. Excludes amounts held by depository
institutions, the U.S. government, money market funds, and foreign
banks and official institutions. Seasonally adjusted M3 is calculated
by summing large time deposits, institutional money fund balances, RP
liabilities, and Eurodollars, each seasonally adjusted separately,
and adding this result to seasonally adjusted M2.
Debt: The debt aggregate is the outstanding credit market debt of
the domestic nonfinancial sectors--the federal sector (U.S.
government, not including government-sponsored enterprises or
federally related mortgage pools) and the nonfederal sectors (state
and local governments, households and nonprofit organizations,
nonfinancial corporate and nonfarm noncorporate businesses, and
farms). Nonfederal debt consists of mortgages, tax-exempt and
corporate bonds, consumer credit, bank loans, commercial paper, and
other loans. The data, which are derived from the Federal
Reserve Board's flow of funds accounts, are break-adjusted (that is,
discontinuities in the data have been smoothed into the series) and
month-averaged (that is, the data have been derived by averaging
adjacent month-end levels).
(5.) Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances, each seasonally adjusted
separately.
(6.) Sum of (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 1999 2000
Dec. Jan. Feb.
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 595,909 582,309 556,692
U.S. government
securities(2)
2 Bought outright--System
account(3) 492,467 491,902 501,923
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 181 180 158
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty(4) 68,012 53,099 19,991
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 160 315 40
9 Seasonal credit 69 30 44
10 Special Liquidity
Facility credit 74 48 17
11 Extended credit 0 0 0
12 Float 761 1,344 679
13 Other Federal Reserve
assets 34,186 35,392 33,840
14 Gold stock 11,048 11,048 11,048
15 Special drawing rights
certificate account 6,652 6,200 6,200
16 Treasury currency
outstanding 27,928 28,177 28,314
ABSORBING RESERVE FUNDS
17 Currency in circulation 601,159 587,982 565,424
18 Reverse repurchase
agreements--triparty(4) 0 0 0
19 Treasury cash holdings 110 121 148
Deposits, other than reserve
balances, with
Federal Reserve Banks
20 Treasury 8,250 8,148 5,259
21 Foreign 136 93 92
22 Service-related balances
and adjustments 7,513 7,676(r) 7,415
23 Other 248 361 244
24 Other Federal Reserve
liabilities and capital 18,505 18,240 18,684
25 Reserve balances with Federal
Reserve Banks(5) 5,616 5,114 4,987
Average of daily figures for
week ending on date indicated
Factor 2000
Jan. 12 Jan. 19 Jan. 26
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 589,581 571,877 565,741
U.S. government
securities(2)
2 Bought outright--System
account(3) 484,695 494,824 497,578
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 181 181 179
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty(4) 67,421 40,754 28,821
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 856 242 117
9 Seasonal credit 31 28 27
10 Special Liquidity
Facility credit 127 16 17
11 Extended credit 0 0 0
12 Float 1,032 403 3,365
13 Other Federal Reserve
assets 35,238 35,430 35,637
14 Gold stock 11,048 11,048 11,048
15 Special drawing rights
certificate account 6,200 6,200 6,200
16 Treasury currency
outstanding 28,146 28,192 28,237
ABSORBING RESERVE FUNDS
17 Currency in circulation 599,272 581,666 571,880
18 Reverse repurchase
agreements--triparty(4) 0 0 0
19 Treasury cash holdings 121 122 125
Deposits, other than reserve
balances, with
Federal Reserve Banks
20 Treasury 5,326 5,390 7,205
21 Foreign 74 101 83
22 Service-related balances
and adjustments 7,967 7,473 7,771
23 Other 191 250 237
24 Other Federal Reserve
liabilities and capital 18,188 18,446 18,491
25 Reserve balances with Federal
Reserve Banks(5) 3,835 3,870 5,434
Average of daily figures for
week ending on date indicated
Factor 2000
Feb. 2 Feb. 9 Feb. 16
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 558,370 555,751 557,686
U.S. government
securities(2)
2 Bought outright--System
account(3) 500,503 501,838 502,470
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 175 175 150
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty(4) 21,143 18,419 19,826
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 82 41 27
9 Seasonal credit 24 29 44
10 Special Liquidity
Facility credit 33 17 19
11 Extended credit 0 0 0
12 Float 976 201 667
13 Other Federal Reserve
assets 35,434 35,030 34,483
14 Gold stock 11,048 11,048 11,048
15 Special drawing rights
certificate account 6,200 6,200 6,200
16 Treasury currency
outstanding 28,282 28,296 28,310
ABSORBING RESERVE FUNDS
17 Currency in circulation 566,817 565,669 565,704
18 Reverse repurchase
agreements--triparty(4) 0 0 0
19 Treasury cash holdings 126 131 146
Deposits, other than reserve
balances, with
Federal Reserve Banks
20 Treasury 6,131 5,259 5,306
21 Foreign 146 91 88
22 Service-related balances
and adjustments 7,230 7,872 7,895
23 Other 248 249 237
24 Other Federal Reserve
liabilities and capital 18,344 18,469 18,795
25 Reserve balances with Federal
Reserve Banks(5) 4,859 3,556 5,074
Average
of daily
figures for
week ending on End-of-month
date indicated figures
Factor 2000 1999 2000
Feb. 23 Dec. Jan.
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 557,049 653,561 561,444
U.S. government
securities(2)
2 Bought outright--System
account(3) 502,193 477,963 500,228
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 150 181 175
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty(4) 21,041 140,640 23,105
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 42 140 86
9 Seasonal credit 52 47 21
10 Special Liquidity
Facility credit 15 47 22
11 Extended credit 0 0 0
12 Float 1,010 -237 2,986
13 Other Federal Reserve
assets 32,546 34,781 34,820
14 Gold stock 11,048 11,048 11,048
15 Special drawing rights
certificate account 6,200 6,200 6,200
16 Treasury currency
outstanding 28,324 28,013 28,282
ABSORBING RESERVE FUNDS
17 Currency in circulation 565,747 628,359 566,568
18 Reverse repurchase
agreements--triparty(4) 0 0 0
19 Treasury cash holdings 162 109 125
Deposits, other than reserve
balances, with
Federal Reserve Banks
20 Treasury 5,334 28,402 6,119
21 Foreign 81 71 82
22 Service-related balances
and adjustments 6,960 7,867 7,230
23 Other 238 1,261 265
24 Other Federal Reserve
liabilities and capital 18,823 17,256 18,101
25 Reserve balances with Federal
Reserve Banks(5) 5,278 15,498 8,484
End-of-month
figures Wednesday figures
Factor 2000 2000
Feb. Jan. 12 Jan. 19
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 558,483 585,632 568,808
U.S. government
securities(2)
2 Bought outright--System
account(3) 500,771 485,719 496,110
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 150 181 181
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty(4) 24,768 62,895 34,610
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 29 946 127
9 Seasonal credit 64 32 32
10 Special Liquidity
Facility credit 16 22 13
11 Extended credit 0 0 0
12 Float 339 365 2,335
13 Other Federal Reserve
assets 32,347 35,472 35,401
14 Gold stock 11,048 11,048 11,048
15 Special drawing rights
certificate account 6,200 6,200 6,200
16 Treasury currency
outstanding 28,338 28,146 28,192
ABSORBING RESERVE FUNDS
17 Currency in circulation 564,593 589,928 577,837
18 Reverse repurchase
agreements--triparty(4) 0 0 0
19 Treasury cash holdings 162 121 125
Deposits, other than reserve
balances, with
Federal Reserve Banks
20 Treasury 5,004 5,454 3,716
21 Foreign 129 110 80
22 Service-related balances
and adjustments 6,917 7,967 7,473
23 Other 243 229 256
24 Other Federal Reserve
liabilities and capital 18,785 18,019 18,187
25 Reserve balances with Federal
Reserve Banks(5) 8,237 9,200 6,574
Wednesday figures
Factor 2000
Jan. 26 Feb. 2 Feb. 9
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 571,162 554,775 563,385
U.S. government
securities(2)
2 Bought outright--System
account(3) 499,138 501,078 502,331
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 175 175 175
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty(4) 25,105 19,110 25,280
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 154 77 37
9 Seasonal credit 23 27 41
10 Special Liquidity
Facility credit 21 23 17
11 Extended credit 0 0 0
12 Float 10,713 -629 242
13 Other Federal Reserve
assets 35,832 34,914 35,262
14 Gold stock 11,048 11,048 11,048
15 Special drawing rights
certificate account 6,200 6,200 6,200
16 Treasury currency outstanding 28,237 28,282 28,296
ABSORBING RESERVE FUNDS
17 Currency in circulation 569,593 566,771 566,967
18 Reverse repurchase
agreements--triparty(4) 0 0 0
19 Treasury cash holdings 125 129 143
Deposits, other than reserve
balances, with
Federal Reserve Banks
20 Treasury 8,780 4,896 4,860
21 Foreign 81 143 81
22 Service-related balances
and adjustments 7,771 7,231 7,872
23 Other 237 266 247
24 Other Federal Reserve
liabilities and capital 18,363 17,802 18,487
25 Reserve balances with Federal
Reserve Banks(5) 11,697 3,069 10,273
Wednesday figures
Factor 2000
Feb. 16 Feb. 23
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding
U.S. government 557,308 560,717
securities(2)
2 Bought outright--System
account(3)
3 Held under repurchase 502,699 500,423
agreements
Federal agency obligations 0 0
4 Bought outright
5 Held under repurchase 150 150
agreements
6 Repurchase agreements-- 0 0
triparty(4)
7 Acceptances 21,505 24,255
Loans to depository 0 0
institutions
8 Adjustment credit
9 Seasonal credit 19 48
10 Special Liquidity 49 53
Facility credit
11 Extended credit 18 16
12 Float 0 0
13 Other Federal Reserve 482 2,998
assets
14 Gold stock 32,385 32,775
15 Special drawing rights 11,048 11,048
certificate account
16 Treasury currency 6,200 6,200
outstanding 28,310 28,324
ABSORBING RESERVE FUNDS
17 Currency in circulation 566,545 566,033
18 Reverse repurchase
agreements--triparty(4) 0 0
19 Treasury cash holdings 162 162
Deposits, other than reserve
balances, with
Federal Reserve Banks
20 Treasury 4,775 4,818
21 Foreign 108 107
22 Service-related balances
and adjustments 7,895 6,960
23 Other 256 238
24 Other Federal Reserve
liabilities and capital 18,548 18,609
25 Reserve balances with Federal
Reserve Banks(5) 4,578 9,362
(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 Reserve
Banks(2) 10,664 9,021 5,260
2 Total vault cash(3) 44,742 44,293 60,499
3 Applied vault cash(4) 37,255 35,997 36,384
4 Surplus vault cash(5) 7,486 8,296 24,116
5 Total reserves(6) 47,920 45,018 41,643
6 Required reserves 46,235 43,435 40,332
7 Excess reserve balances at
Reserve Banks(7) 1,685 1,583 1,311
8 Total borrowing at Reserve Banks 324 117 320
9 Adjustment 245 101 179
10 Seasonal 79 15 67
11 Special Liquidity Facility(8) ... ... 74
12 Extended credit(9) 0 0 0
Prorated monthly averages
of biweekly averages
Reserve classification 1999
Aug. Sept. Oct.
1 Reserve balances with Reserve
Banks(2) 7,802 7,698 6,768
2 Total vault cash(3) 44,603 44,447 47,030
3 Applied vault cash(4) 34,069 34,089 33,933
4 Surplus vault cash(5) 10,533 10,359 13,096
5 Total reserves(6) 41,871 41,787 40,702
6 Required reserves 40,742 40,590 39,549
7 Excess reserve balances at
Reserve Banks(7) 1,129 1,197 1,153
8 Total borrowing at Reserve Banks 344 338 281
9 Adjustment 72 56 52
10 Seasonal 271 282 221
11 Special Liquidity Facility(8) ... 0 8
12 Extended credit(9) 0 0 0
Prorated monthly averages
of biweekly averages
Reserve classification 1999 2000
Nov. Dec. Jan.(r)
1 Reserve balances with Reserve
Banks(2) 6,285 5,260 5,207
2 Total vault cash(3) 50,754 60,499 73,898
3 Applied vault cash(4) 34,660 36,384 39,097
4 Surplus vault cash(5) 16,094 24,116 34,802
5 Total reserves(6) 40,944 41,643 44,304
6 Required reserves 39,610 40,332 42,279
7 Excess reserve balances at
Reserve Banks(7) 1,334 1,311 2,025
8 Total borrowing at Reserve Banks 236 320 374
9 Adjustment 157 179 296
10 Seasonal 71 67 31
11 Special Liquidity Facility(8) 7 74 46
12 Extended credit(9) 0 0 0
Prorated Biweekly averages
monthly of daily figures
averages of for two week period
biweekly ending on dates
averages indicated
Reserve classification 2000 1999
Feb. Nov. 3
1 Reserve balances with Reserve
Banks(2) 5,072 6,721
2 Total vault cash(3) 63,745 47,593
3 Applied vault cash(4) 37,015 34,014
4 Surplus vault cash(5) 26,731 13,579
5 Total reserves(6) 42,087 40,735
6 Required reserves 40,971 39,742
7 Excess reserve balances at
Reserve Banks(7) 1,116 993
8 Total borrowing at Reserve Banks 108 246
9 Adjustment 45 72
10 Seasonal 44 153
11 Special Liquidity Facility(8) 19 22
12 Extended credit(9) 0 0
Biweekly averages of
daily figures for two
week periods ending on dates
indicated
Reserve classification 1999
Nov. 17 Dec. 1 Dec. 15
1 Reserve balances with Reserve
Banks(2) 6,524 5,927 5,434
2 Total vault cash(3) 49,519 52,813 56,693
3 Applied vault cash(4) 34,046 35,470 35,346
4 Surplus vault cash(5) 15,474 17,343 21,347
5 Total reserves(6) 40,569 41,397 40,780
6 Required reserves 39,196 40,027 39,682
7 Excess reserve balances at
Reserve Banks(7) 1,373 1,370 1,098
8 Total borrowing at Reserve Banks 329 133 181
9 Adjustment 263 64 94
10 Seasonal 62 62 61
11 Special Liquidity Facility(8) 5 7 27
12 Extended credit(9) 0 0 0
Biweekly averages of
daily figures for two
week periods ending on dates
indicated
Reserve classification 1999 2000
Dec. 29 Jan. 12 Jan. 26(r)
1 Reserve balances with Reserve
Banks(2) 4,888 6,308 4,644
2 Total vault cash(3) 63,663 68,851 75,759
3 Applied vault cash(4) 37,329 37,491 40,031
4 Surplus vault cash(5) 26,334 31,360 35,728
5 Total reserves(6) 42,217 43,799 44,675
6 Required reserves 40,956 40,674 43,278
7 Excess reserve balances at
Reserve Banks(7) 1,261 3,125 1,396
8 Total borrowing at Reserve Banks 425 657 224
9 Adjustment 222 530 180
10 Seasonal 79 38 28
11 Special Liquidity Facility(8) 124 90 17
12 Extended credit(9) 0 0 0
Biweekly averages of
daily figures for two
week periods ending on dates
indicated
Reserve classification 2000
Feb. 9(r) Feb. 23 Mar. 8
1 Reserve balances with Reserve
Banks(2) 4,145 5,172 6,233
2 Total vault cash(3) 80,804 58,780 49,745
3 Applied vault cash(4) 40,334 36,271 33,772
4 Surplus vault cash(5) 40,470 22,509 15,973
5 Total reserves(6) 44,479 41,443 40,005
6 Required reserves 43,333 40,260 39,090
7 Excess reserve balances at
Reserve Banks(7) 1,146 1,183 915
8 Total borrowing at Reserve Banks 114 100 119
9 Adjustment 62 35 44
10 Seasonal 27 48 61
11 Special Liquidity Facility(8) 25 17 15
12 Extended credit(9) 0 0 0
(1.) Data in this table also appear in the Board's H.3 (502) weekly
statistical release. For ordering address, see inside front cover.
Data are not break-adjusted or seasonally adjusted.
(2.) Excludes required clearing balances and adjustments to
compensate for float and includes other off-balance-sheet
"as-of" adjustments.
(3.) Vault cash eligible to satisfy reserve requirements. It includes
only vault cash held by those banks and thrift institutions that
are not exempt from reserve requirements. Dates refer
to the maintenance periods in which the vault cash can be used to
satisfy reserve requirements.
(4.) All vault cash held during the lagged computation period by
"bound" institutions (that is, those whose required reserves exceed
their vault cash) plus the amount of vault cash
applied during the maintenance period by "nonbound" institutions
(that is, those whose vault cash exceeds their required reserves)
to satisfy current reserve requirements,
(5.) Total vault cash (line 2) less applied vault cash (line 3).
(6.) Reserve balances with Federal Reserve Banks (line 1) plus
applied vault cash (line 3).
(7.) Total reserves (line 5) less required reserves (line 6).
(8.) Borrowing at the discount window under the terms and
conditions established for the Century Date Change Special
Liquidity Facility in effect from October 1, 1999 through
April 7, 2000.
(9.) Consists of borrowing at the discount window under the
terms and conditions established for the extended credit program
to help depository institutions deal with sustained
liquidity pressures. Because there is not the same need to repay
such borrowing promptly as with traditional short-term adjustment
credit, the money market effect of extended credit is
similar to that of nonborrowed reserves.
1.14 FEDERAL RESERVE BANK INTEREST RATES
Percent per year
Current and previous levels
Adjustment credit(1)
Federal Reserve
Bank On Effective Previous
4/7/00 date rate
Boston 5.50 3/21/00 5.25
New York 5.50 3/21/00 5.25
Philadelphia 5.50 3/21/00 5.25
Cleveland 5.50 3/21/00 5.25
Richmond 5.50 3/21/00 5.25
Atlanta 5.50 3/21/00 5.25
Chicago 5.50 3/21/00 5.25
St. Louis 5.50 3/22/00 5.25
Minneapolis 5.50 3/21/00 5.25
Kansas City 5.50 3/21/00 5.25
Dallas 5.50 3/23/00 5.25
San Francisco 5.50 3/22/00 5.25
Current and previous levels
Seasonal credit(2)
Federal Reserve
Bank On Effective Previous
4/7/00 date rate
Boston 6.15 4/6/00 59.95
New York 6.15 4/6/00 59.95
Philadelphia 6.15 4/6/00 59.95
Cleveland 6.15 4/6/00 59.95
Richmond 6.15 4/6/00 59.95
Atlanta 6.15 4/6/00 59.95
Chicago 6.15 4/6/00 59.95
St. Louis 6.15 4/6/00 59.95
Minneapolis 6.15 4/6/00 59.95
Kansas City 6.15 4/6/00 59.95
Dallas 6.15 4/6/00 59.95
San Francisco 6.15 4/6/00 59.95
Current and previous levels
Extended credit(3)
Federal Reserve
Bank On Effective Previous
4/7/00 date rate
Boston 6.65 4/6/00 6.45
New York 6.65 4/6/00 6.45
Philadelphia 6.65 4/6/00 6.45
Cleveland 6.65 4/6/00 6.45
Richmond 6.65 4/6/00 6.45
Atlanta 6.65 4/6/00 6.45
Chicago 6.65 4/6/00 6.45
St. Louis 6.65 4/6/00 6.45
Minneapolis 6.65 4/6/00 6.45
Kansas City 6.65 4/6/00 6.45
Dallas 6.65 4/6/00 6.45
San Francisco 6.65 4/6/00 6.45
Current and previous levels
Special Liquidity Facility credit(4)
Federal Reserve
Bank On Effective Previous
4/7/00 date rate
Boston 7.50 3/21/00 7.25
New York 7.50 3/21/00 7.25
Philadelphia 7.50 3/21/00 7.25
Cleveland 7.50 3/21/00 7.25
Richmond 7.50 3/21/00 7.25
Atlanta 7.50 3/21/00 7.25
Chicago 7.50 3/21/00 7.25
St. Louis 7.50 3/21/00 7.25
Minneapolis 7.50 3/21/00 7.25
Kansas City 7.50 3/21/00 7.25
Dallas 7.50 3/21/00 7.25
San Francisco 7.50 3/21/00 7.25
Range of rates for adjustment
credit in recent years(5)
Range (or F.R. Bank
Effective date level)--All of
F.R. Banks N.Y.
In effect Dec. 31, 1977 6 6
1978--Jan. 9 6-6.5 6.5
20 6.5 6.5
May 11 6.5-7 7
12 7 7
July 3 7-7.25 7.25
10 7.25 7.25
Aug. 21 7.75 7.75
Sept. 22 8 8
Oct. 16 8-8.5 8.5
20 8.5 8.5
Nov. 1 8.5-9.5 9.5
3 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 10.5
27 10-10.5 10
30 10 10
1982--Oct. 12 9.5-10 9.5
13 9.5 9.5
Nov. 22 9-9.5 9
26 9 9
Dec. 14 8.5-9 9
15 8.5-9 8.5
17 8.5 8.5
1984--Apr. 9 8.5-9 9
13 9 9
Nov. 21 8.5-9 8.5
26 8.5 8.5
Dec. 24 8 8
1985--May 20 7.5-8 7.5
24 7.5 7.5
1986--Mar. 7 7-7.5 7
10 7 7
Apr. 21 6.5-7 6.5
23 6.5 6.5
July 11 6 6
Aug. 21 5.5-6 5.5
22 5.5 5.5
1987--Sept. 4 5.5-6 6
11 6 6
1988--Aug. 9 6-6.5 6.5
11 6.5 6.5
1989--Feb. 24 6.5-7 7
27 7 7
1990--Dec. 19 6.5 6.5
1991--Feb. 1 6-6.5 6
4 6 6
Apr. 30 5.5-6 5.5
May 2 5.5 5.5
Sept. 13 5-5.5 5
17 5 5
Nov. 6 4.5-5 4.5
7 4.5 4.5
Dec. 20 3.5-4.5 3.5
24 3.5 3.5
1992--July 2 3-3.5 3
7 3 3
1994--May 17 3-3.5 3.5
18 3.5 3.5
Aug. 16 3.5-4 4
18 4 4
Nov. 15 4-4.75 4.75
17 4.75 4.75
1995--Feb. 1 4.75-5.25 5.25
9 5.25 5.25
1996--Jan. 31 5.00-5.25 5.00
Feb. 5 5.00 5.00
1998--Oct. 15 4.75-5.00 4.75
16 4.75 4.75
Nov. 17 4.50-4.75 4.50
19 4.50 4.50
1999--Aug. 24 4.50-4.75 4.75
26 4.75 4.75
Nov. 16 4.75-5.00 4.75
18 5.00 5.00
2000--Feb. 2 5.00-5.25 5.25
4 5.25 5.25
Mar. 21 5.25-5.50 5.50
23 5.50 5.50
In effect Apr. 7, 2000 5.50 5.50
(1.) Available on a short-term basis to help depository institutions
meet temporary needs for funds that cannot be met through reasonable
alternative sources. The highest rate established for loans to
depository institutions may be charged on adjustment credit loans of
unusual size that result from a major operating problem at the
borrower's facility.
(2.) Available to help relatively small depository institutions meet
regular seasonal needs for funds that arise from a clear pattern of
intrayearly movements in their deposits and loans and that cannot be
met through special industry lenders. The discount rate on seasonal
credit takes into account rates charged by market sources of funds
and ordinarily is reestablished on the first business day of each
two-week reserve maintenance period; however, it is never less than
the discount rate applicable to adjustment credit.
(3.) May be made available to depository institutions when similar
assistance is not reasonably available from other sources, including
special industry lenders. Such credit may be provided when
exceptional circumstances (including sustained deposit drains,
impaired access to money market funds, or sudden deterioration in
loan repayment performance) or practices involve only a particular
institution, or to meet the needs of institutions experiencing
difficulties adjusting to changing market conditions over a longer
period (particularly at times of deposit disintermediation). The
discount rate applicable to adjustment credit ordinarily is charged
on extended-credit loans outstanding less than thirty days; however,
at the discretion of the Federal Reserve Bank, this time period may
be shortened. Beyond this initial period, a flexible rate somewhat
above rates charged on market sources of funds is charged. The rate
ordinarily is reestablished on the first business day of each
two-week reserve maintenance period, but it is never less than the
discount rate applicable to adjustment credit plus 50 basis points.
(4.) Available in the period between October 1, 1999, and April 7,
2000, to help depository institutions in sound financial condition
meet unusual needs for funds in the period around the century date
change. The interest rate on loans from the special facility is the
Federal Open Market Committee's intended federal funds rate plus
150 basis points.
(5.) For earlier data, see the following publications of the Board of
Governors: Banking and Monetary Statistics, 1914-1941, and 1941-1970;
and the Annual Statistical Digest, 1970-1979.
In 1980 and 1981, the Federal Reserve applied a surcharge to
short-term adjustment-credit borrowings by institutions with deposits
of $500 million or more that had borrowed in successive weeks or in
more than four weeks in a calendar quarter. A 3 percent surcharge was
in effect from Mar. 17, 1980, through May 7, 1980. A surcharge of 2
percent was reimposed on Nov. 17, 1980; the surcharge was
subsequently raised to 3 percent on Dec. 5, 1980, and to 4 percent on
May 5, 1981. The surcharge was reduced to 3 percent effective Sept.
22, 1981, and to 2 percent effective Oct. 12, 1981. As of Oct. 1,
1981, the formula for applying the surcharge was changed from a
calendar quarter to a moving thirteen-week period. The surcharge was
eliminated on Nov. 17, 1981.
1.15 RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS(1)
Requirement
Type of deposit
Percentage of Effective date
deposits
Net transaction accounts(2)
1 $0 million-$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 1997 1998 1999
and maturity
U.S. TREASURY
SECURITIES(2)
Outright transactions
(excluding matched
transactions)
Treasury hills
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 hills 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 3,577,954 4,395,430 4,395,998
27 Gross sales 3,580,274 4,399,330 4,414,253
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
1999
Type of transaction
and maturity
July Aug. Sept.
U.S. TREASURY
SECURITIES(2)
Outright transactions
(excluding matched
transactions)
Treasury hills
1 Gross purchases 0 0 0
2 Gross sales 0 0 0
3 Exchanges 42,037 37,052 42,643
4 For new hills 42,037 37,052 42,643
5 Redemptions 0 0 0
Others within one year
6 Gross purchases 951 429 960
7 Gross sales 0 0 0
8 Maturity shifts 3,279 7,669 3,468
9 Exchanges -368 -10,798 -2,125
10 Redemptions 41 0 0
One to five years
11 Gross purchases 0 1,272 0
12 Gross sales 0 0 0
13 Maturity shifts -3,279 -4,751 -3,468
14 Exchanges 0 8,433 2,125
Five to ten years
15 Gross purchases 0 447 0
16 Gross sales 0 0 0
17 Maturity shifts 0 -2,918 0
18 Exchanges 373 1,290 0
More than ten years
19 Gross purchases 0 1,075 0
20 Gross sales 0 0 0
21 Maturity shifts 0 0 0
22 Exchanges 0 1,075 0
All maturities
23 Gross purchases 951 3,223 960
24 Gross sales 0 0 0
25 Redemptions 41 0 0
Matched transactions
26 Gross purchases 347,067 374,032 348,014
27 Gross sales 346,747 373,159 350,151
Repurchase agreements
28 Gross purchases 27,707 23,097 29,369
29 Gross sales 33,612 23,717 24,337
30 Net change in U.S.
Treasury securities -4,675 3,476 3,855
FEDERAL AGENCY
OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0
32 Gross sales 0 0 0
33 Redemptions 10 11 0
Repurchase agreements
34 Gross purchases 46,941 61,968 53,224
35 Gross sales 48,840 56,053 47,963
36 Net change in federal agency
obligations -1,909 5,904 5,261
Reverse repurchase
agreements
37 Gross purchases 0 0 0
38 Gross sales 0 0 0
Repurchase agreements
39 Gross purchases 0 0 0
40 Gross sales 0 0 0
41 Net change in triparty
obligations 0 0 0
42 Total net change in System Open
Market Account -6,584 9,380 9,116
1999
Type of transaction
and maturity
Oct. Nov.
U.S. TREASURY
SECURITIES(2)
Outright transactions
(excluding matched
transactions)
Treasury hills
1 Gross purchases 0 0
2 Gross sales 0 0
3 Exchanges 35,844 36,882
4 For new hills 35,844 36,882
5 Redemptions 0 0
Others within one year
6 Gross purchases 0 964
7 Gross sales 0 0
8 Maturity shifts 3,831 6,675
9 Exchanges -368 -10,150
10 Redemptions 170 0
One to five years
11 Gross purchases 0 1,014
12 Gross sales 0 0
13 Maturity shifts -3,831 -3,685
14 Exchanges 0 8,015
Five to ten years
15 Gross purchases 0 0
16 Gross sales 0 0
17 Maturity shifts 0 -2,273
18 Exchanges 0 2,135
More than ten years
19 Gross purchases 0 925
20 Gross sales 0 0
21 Maturity shifts 0 -717
22 Exchanges 374 0
All maturities
23 Gross purchases 0 2,903
24 Gross sales 0 0
25 Redemptions 170 0
Matched transactions
26 Gross purchases 332,708 317,537
27 Gross sales 330,856 318,294
Repurchase agreements
28 Gross purchases 100 0
29 Gross sales 7,707 0
30 Net change in U.S.
Treasury securities -5,924 2,146
FEDERAL AGENCY
OBLIGATIONS
Outright transactions
31 Gross purchases 0 0
32 Gross sales 0 0
33 Redemptions 50 7
Repurchase agreements
34 Gross purchases 9,636 0
35 Gross sales 24,092 0
36 Net change in federal agency
obligations -14,506 -7
Reverse repurchase
agreements
37 Gross purchases 0 0
38 Gross sales 0 0
Repurchase agreements
39 Gross purchases 68,061 81,350
40 Gross sales 45,501 54,470
41 Net change in triparty
obligations 22,560 26,880
42 Total net change in System Open
Market Account 2,130 29,019
1999
Type of transaction
and maturity
Dec. Jan.
U.S. TREASURY
SECURITIES(2)
Outright transactions
(excluding matched
transactions)
Treasury hills
1 Gross purchases 0 0
2 Gross sales 0 0
3 Exchanges 42,468 37,029
4 For new hills 42,468 37,029
5 Redemptions 0 0
Others within one year
6 Gross purchases 1,450 0
7 Gross sales 0 0
8 Maturity shifts 3,936 3,566
9 Exchanges -2,175 -4,360
10 Redemptions 0 390
One to five years
11 Gross purchases 3,514 160
12 Gross sales 0 0
13 Maturity shifts -3,936 -3,566
14 Exchanges 2,175 4,045
Five to ten years
15 Gross purchases 581 809
16 Gross sales 0 0
17 Maturity shifts 0 0
18 Exchanges 0 316
More than ten years
19 Gross purchases 1,257 1,069
20 Gross sales 0 0
21 Maturity shifts 0 0
22 Exchanges 0 0
All maturities
23 Gross purchases 6,802 2,038
24 Gross sales 0 0
25 Redemptions 0 390
Matched transactions
26 Gross purchases 488,845 492,277
27 Gross sales 510,605 471,663
Repurchase agreements
28 Gross purchases 0 0
29 Gross sales 0 0
30 Net change in U.S.
Treasury securities -14,959 22,262
FEDERAL AGENCY
OBLIGATIONS
Outright transactions
31 Gross purchases 0 0
32 Gross sales 0 0
33 Redemptions 0 6
Repurchase agreements
34 Gross purchases 0 0
35 Gross sales 0 0
36 Net change in federal agency
obligations 0 -6
Reverse repurchase
agreements
37 Gross purchases 0 0
38 Gross sales 0 0
Repurchase agreements
39 Gross purchases 155,578 61,345
40 Gross sales 64,378 178,880
41 Net change in triparty
obligations 91,200 -117,535
42 Total net change in System Open
Market Account 76,241 -95,279
(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
Jan. 26 Feb. 2 Feb. 9
Consolidated condition
statement
ASSETS
1 Gold certificate account 11,048 11,048 11,048
2 Special drawing rights
certificate account 6,200 6,200 6,200
3 Coin 325 351 389
Loans
4 To depository institutions 198 127 95
5 Other 0 0 0
6 Acceptances held under
repurchase agreements 0 0 0
Triparty Obligations
7 Repurchase agreements--
triparty(2) 25,105 19,110 25,280
Federal agency obligations(3)
8 Bought outright 175 175 175
9 Held under repurchase agreements 0 0 0
10 Total U.S. Treasury securities(3) 499,138 501,078 502,331
11 Bought outright(4) 499,138 501,078 502,331
12 Bills 197,111 197,981 199,234
13 Notes 219,012 219,013 219,013
14 Bonds 83,015 84,084 84,084
15 Held under repurchase agreements 0 0 0
16 Total loans and securities 524,617 520,490 527,881
17 Items in process of collection 17,122 7,756 7,649
18 Bank premises 1,366 1,365 1,374
Other assets
19 Denominated in foreign currencies(5) 16,155 15,500 15,504
20 All other(6) 18,307 18,023 18,369
21 Total assets 595,140 580,733 588,414
LIABILITIES
22 Federal Reserve notes 541,807 538,969 539,203
23 Reverse repurchase agreements--
triparty(2) 0 0 0
24 Total deposits 28,592 16,116 23,243
25 Depository institutions 19,494 10,812 18,055
26 U.S. Treasury--General account 8,780 4,896 4,860
27 Foreign--Official accounts 81 143 81
28 Other 237 266 247
29 Deferred credit items 6,379 7,845 7,481
30 Other liabilities and
accrued dividends 4,465 4,410 4,715
31 Total liabilities 581,243 567,341 574,642
CAPITAL ACCOUNTS
32 Capital paid in 6,648 6,650 6,664
33 Surplus 6,432 6,325 6,364
34 Other capital accounts 818 417 744
35 Total liabilities and
capital accounts 595,140 580,733 588,414
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) 811,652 807,687 805,873
38 LESS: Held by Federal
Reserve Banks 269,846 268,717 266,670
39 Federal Reserve notes, net 541,807 538,969 539,203
Collateral held against notes, net
40 Gold certificate account 11,048 11,048 11,048
41 Special drawing rights 6,200 6,200 6,200
certificate account
42 Other eligible assets 140 1,358 0
43 U.S. Treasury and agency securities 524,418 520,363 521,955
44 Total collateral 541,807 538,969 539,203
Wednesday
Account 2000
Feb. 16 Feb. 23
Consolidated conditions
statement
ASSETS
1 Gold certificate account 11,048 11,048
2 Special drawing rights
certificate account 6,200 6,200
3 Coin 408 425
Loans
4 To depository institutions 86 117
5 Other 0 0
6 Acceptances held under
repurchase agreements 0 0
Triparty Obligations
7 Repurchase agreements--
triparty(2) 21,505 24,255
Federal agency obligations(3)
8 Bought outright 150 150
9 Held under repurchase agreements 0 0
10 Total U.S. Treasury securities(3) 502,699 500,423
11 Bought outright(4) 502,699 500,423
12 Bills 199,601 197,326
13 Notes 217,843 217,843
14 Bonds 85,254 85,254
15 Held under repurchase agreements 0 0
16 Total loans and securities 524,440 524,945
17 Items in process of collection 7,965 13,285
18 Bank premises 1,375 1,375
Other assets
19 Denominated in foreign currencies(5) 15,508 15,513
20 All other(6) 15,479 15,874
21 Total assets 582,423 588,665
LIABILITIES
22 Federal Reserve notes 538,804 538,296
23 Reverse repurchase agreements--
triparty(2) 0 0
24 Total deposits 17,632 21,703
25 Depository institutions 12,493 16,539
26 U.S. Treasury--General account 4,775 4,818
27 Foreign--Official accounts 108 107
28 Other 256 238
29 Deferred credit items 7,439 10,056
30 Other liabilities and
accrued dividends 4,716 4,689
31 Total liabilities 568,591 574,744
CAPITAL ACCOUNTS
32 Capital paid in 6,678 6,697
33 Surplus 6,404 6,431
34 Other capital accounts 751 792
35 Total liabilities and
capital accounts 582,423 588,665
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) 804,031 801,624
38 LESS: Held by Federal
Reserve Banks 265,227 263,327
39 Federal Reserve notes, net 538,804 538,296
Collateral held against notes, net
40 Gold certificate account 11,048 11,048
41 Special drawing rights 6,200 6,200
certificate account
42 Other eligible assets 0 0
43 U.S. Treasury and agency securities 521,556 521,048
44 Total collateral 538,804 538,296
End of month
Account 1999 2000
Dec. 31 Jan. 31 Feb. 29
Consolidated condition
statement
ASSETS
1 Gold certificate account 11,048 11,048 11,048
2 Special drawing rights
certificate account 6,200 6,200 6,200
3 Coin 207 357 422
Loans
4 To depository institutions 233 130 109
5 Other 0 0 0
6 Acceptances held under
repurchase agreements 0 0 0
Triparty Obligations
7 Repurchase agreements--
triparty(2) 140,640 23,105 24,768
Federal agency obligations(3)
8 Bought outright 181 175 150
9 Held under repurchase agreements 0 0 0
10 Total U.S. Treasury securities(3) 477,963 500,228 500,771
11 Bought outright(4) 477,963 500,228 500,771
12 Bills 176,517 197,131 197,674
13 Notes 218,467 219,013 217,843
14 Bonds 82,978 84,084 85,254
15 Held under repurchase agreements 0 0 0
16 Total loans and securities 619,017 523,638 525,798
17 Items in process of collection 6,524 4,511 9,642
18 Bank premises 1,365 1,365 1,380
Other assets
19 Denominated in foreign currencies(5) 16,140 15,528 15,234
20 All other(6) 17,294 17,949 15,633
21 Total assets 677,795 580,597 585,357
LIABILITIES
22 Federal Reserve notes 600,662 538,768 536,839
23 Reverse repurchase agreements--
triparty(2) 0 0 0
24 Total deposits 53,760 21,789 20,548
25 Depository institutions 24,027 15,322 15,173
26 U.S. Treasury--General account 28,402 6,119 5,004
27 Foreign--Official accounts 71 82 129
28 Other 1,261 265 243
29 Deferred credit items 6,117 1,939 9,186
30 Other liabilities and
accrued dividends 4,392 4,461 4,683
31 Total liabilities 664,931 566,957 571,256
CAPITAL ACCOUNTS
32 Capital paid in 6,432 6,650 6,699
33 Surplus 6,432 6,314 6,404
34 Other capital accounts 0 676 999
35 Total liabilities and
capital accounts 677,795 580,597 585,357
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) 821,959 809,367 799,674
38 LESS: Held by Federal
Reserve Banks 221,297 270,599 262,835
39 Federal Reserve notes, net 600,662 538,768 536,839
Collateral held against notes, net
40 Gold certificate account 11,048 11,048 11,048
41 Special drawing rights 6,200 6,200 6,200
certificate account
42 Other eligible assets 0 0 0
43 U.S. Treasury and agency securities 583,414 521,520 519,590
44 Total collateral 600,662 538,768 536,839
(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
Jan. 26 Feb. 2 Feb. 9
1 Total loans 198 127 95
2 Within fifteen days(1) 175 79 54
3. Sixteen days to ninety days 23 48 41
4. 91 days to 1 year 0 0 0
5 Total U.S. Treasury securities(2) 499,138 501,078 502,331
6 Within fifteen days(1) 16,070 20,579 15,184
7 Sixteen days to ninety days 100,111 101,043 102,705
8 Ninety-one days to one year 141,636 136,588 141,573
9 One year to five years 124,330 124,808 124,808
10 Five years to ten years 50,720 50,720 50,720
11 More than ten years 66,271 67,340 67,340
12 Total federal agency obligations 175 175 175
13 Within fifteen days(1) 25 25 25
14 Sixteen days to ninety days 10 10 10
15 Ninety-one days to one year 10 10 10
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
Feb. 16 Feb. 23
1 Total loans 86 117
2 Within fifteen days(1) 71 99
3. Sixteen days to ninety days 15 18
4. 91 days to 1 year 0 0
5 Total U.S. Treasury securities(2) 502,699 500,423
6 Within fifteen days(1) 16,535 14,512
7 Sixteen days to ninety days 102,973 102,796
8 Ninety-one days to one year 139,878 139,803
9 One year to five years 124,578 124,578
10 Five years to ten years 50,941 50,941
11 More than ten years 67,793 67,793
12 Total federal agency obligations 150 150
13 Within fifteen days(1) 0 0
14 Sixteen days to ninety days 10 10
15 Ninety-one days to one year 10 10
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
Dec. 31 Jan. 31 Feb. 29
1 Total loans 233 130 109
2 Within fifteen days(1) 207 101 81
3. Sixteen days to ninety days 20 29 28
4. 91 days to 1 year 7 0 0
5 Total U.S. Treasury securities(2) 477,963 500,228 500,771
6 Within fifteen days(1) 4,632 20,547 13,372
7 Sixteen days to ninety days 91,919 100,224 106,030
8 Ninety-one days to one year 139,866 136,588 138,688
9 One year to five years 124,169 124,808 123,947
10 Five years to ten years 51,107 50,720 50,941
11 More than ten years 66,270 67,340 67,793
12 Total federal agency obligations 181 175 150
13 Within fifteen days(1) 0 25 0
14 Sixteen days to ninety days 31 10 10
15 Ninety-one days to one year 20 10 10
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
Item 1996 1997 1998 1999
Dec. Dec. Dec. Dec.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS(2)
1 Total reserves(3) 50.16 46.86 44.90 41.52
2 Nonborrowed reserves(4) 50.01 46.54 44.79 41.20
3 Nonborrowed reserves plus
extended credit(5) 50.01 46.54 44.79 41.20
4 Required reserves 48.75 45.18 43.32 40.21
5 Monetary base(6) 451.61 479.16 512.59 590.65(r)
Not seasonally adjusted
6 Total reserves(7) 51.45 48.01 45.12 41.72
7 Nonborrowed reserves 51.30 47.69 45.00 41.40
8 Nonborrowed reserves plus
extended credit(5) 51.30 47.69 45.00 41.40
9 Required reserves(8) 50.04 46.33 43.54 40.41
10 Monetary base(9) 456.63 484.98 518.28 600.46(r)
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS(10)
11 Total reserves(11) 51.17 47.92 45.02 41.64
12 Nonborrowed reserves 51.02 47.60 44.90 41.32
13 Nonborrowed reserves plus
extended credit(5) 51.02 47.60 44.90 41.32
14 Required reserves 49.76 46.24 43.44 40.33
15 Monetary base(12) 463.40 491.79 525.06 607.93(r)
16 Excess reserves(13) 1.42 1.69 1.58 1.31
17 Borrowings from the
Federal Reserve .16 .32 .12 .32
1999
Item
July Aug. Sept. Oct.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS(2)
1 Total reserves(3) 41.98 42.07 42.11 40.94
2 Nonborrowed reserves(4) 41.67 41.72 41.77 40.66
3 Nonborrowed reserves plus
extended credit(5) 41.67 41.72 41.77 40.66
4 Required reserves 40.90 40.94 40.92 39.79
5 Monetary base(6) 541.25 544.63 550.22 557.75(r)
Not seasonally adjusted
6 Total reserves(7) 41.85 41.92 41.85 40.77
7 Nonborrowed reserves 41.54 41.58 41.51 40.49
8 Nonborrowed reserves plus
extended credit(5) 41.54 41.58 41.51 40.49
9 Required reserves(8) 40.77 40.79 40.65 39.62
10 Monetary base(9) 540.98 543.87 548.13 555.51
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS(10)
11 Total reserves(11) 41.80 41.87 41.79 40.70
12 Nonborrowed reserves 41.49 41.53 41.45 40.42
13 Nonborrowed reserves plus
extended credit(5) 41.49 41.53 41.45 40.42
14 Required reserves 40.73 40.74 40.59 39.55
15 Monetary base(12) 548.07 550.86 555.19 562.64
16 Excess reserves(13) 1.08 1.13 1.20 1.15
17 Borrowings from the
Federal Reserve .31 .34 .34 .28
1999 2000
Item
Nov. Dec. Jan.(r) Feb.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS(2)
1 Total reserves(3) 41.20 41.52 43.15 41.48
2 Nonborrowed reserves(4) 40.96 41.20 42.77 41.38
3 Nonborrowed reserves plus
extended credit(5) 40.96 41.20 42.77 41.38
4 Required reserves 39.86 40.21 41.12 40.37
5 Monetary base(6) 569.66(r) 590.65(r) 591.30 572.51
Not seasonally adjusted
6 Total reserves(7) 41.02 41.72 44.29 42.10
7 Nonborrowed reserves 40.78 41.40 43.92 41.99
8 Nonborrowed reserves plus
extended credit(5) 40.78 41.40 43.92 41.99
9 Required reserves(8) 39.68 40.41 42.27 40.98
10 Monetary base(9) 571.89 600.46(r) 597.03 571.68
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS(10)
11 Total reserves(11) 40.94 41.64 44.30 42.09
12 Nonborrowed reserves 40.71 41.32 43.93 41.98
13 Nonborrowed reserves plus
extended credit(5) 40.71 41.32 43.93 41.98
14 Required reserves 39.61 40.33 42.28 40.97
15 Monetary base(12) 579.02 607.93(r) 604.76 579.02
16 Excess reserves(13) 1.33 1.31 2.03 1.12
17 Borrowings from the
Federal Reserve .24 .32 .37 .11
(1.) Latest monthly and biweekly figures are available from the Board's
H.3 (502) weekly statistical release. Historical data starting in
1959 and estimates of the effect on required reserves of changes in
reserve requirements are available from the Money and Reserves
Projections Section, Division of Monetary Affairs, Board of Governors
of the Federal Reserve System, Washington, DC 20551.
(2.) Figures reflect adjustments for discontinuities, or "breaks,"
associated with regulatory changes in reserve requirements. (See also
table 1.10.)
(3.) Seasonally adjusted, break-adjusted total reserves equal
seasonally adjusted, break-adjusted required reserves (line 4) plus
excess reserves (line 16).
(4.) Seasonally adjusted, break-adjusted nonborrowed reserves equal
seasonally adjusted, break-adjusted total reserves (line 1) less
total borrowings of depository institutions from the Federal Reserve
(line 17).
(5.) Extended credit consists of borrowing at the discount window under
the terms and conditions established for the extended credit program
to help depository institutions deal with sustained liquidity
pressures. Because there is not the same need to repay such borrowing
promptly as with traditional short-term adjustment credit, the money
market effect of extended credit is similar to that of nonborrowed
reserves.
(6.) The seasonally adjusted, break-adjusted monetary base consists of
(1) seasonally adjusted, break-adjusted total reserves (line 1), plus
(2) the seasonally adjusted currency component of the money stock,
plus (3) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly
reporters whose vault cash exceeds their required reserves) the
seasonally adjusted, break-adjusted difference between current vault
cash and the amount applied to satisfy current reserve requirements.
(7.) Break-adjusted total reserves equal break-adjusted required
reserves (line 9) plus excess reserves (line 16).
(8.) To adjust required reserves for discontinuities that are due to
regulatory changes in reserve requirements, a multiplicative
procedure is used to estimate what required reserves would have been
in past periods had current reserve requirements been in effect.
Break-adjusted required reserves include required reserves against
transactions deposits and nonpersonal time and savings deposits
(but not reservable nondeposit liabilities).
(9.) The break-adjusted monetary base equals (1) break-adjusted total
reserves (line 6), plus (2) the (unadjusted) currency component of
the money stock, plus (3) (for all quarterly reporters on the "Report
of Transaction Accounts, Other Deposits and Vault Cash" and for all
those weekly reporters whose vault cash exceeds their required
reserves) the break-adjusted difference between current vault cash
and the amount applied to satisfy current reserve requirements.
(10.) Reflects actual reserve requirements, including those on
nondeposit liabilities, with no adjustments to eliminate the effects
of discontinuities associated with regulatory changes in reserve
requirements.
(11.) Reserve balances with Federal Reserve Banks plus vault cash used
to satisfy reserve requirements.
(12.) The monetary base, not break-adjusted and not seasonally
adjusted, consists of (1) total reserves (line 11), plus (2) required
clearing balances and adjustments to compensate for float at Federal
Reserve Banks, plus (3) the currency component of the money stock,
plus (4) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly
reporters whose vault cash exceeds their required reserves) the
difference between current vault cash and the amount applied to
satisfy current reserve requirements. Since February 1984, currency
and vault cash figures have been measured over the computation
periods ending on Mondays.
(13.) Unadjusted total reserves (line 11) less unadjusted required
reserves (line 14).
1.21 MONEY STOCK AND DEBT MEASURES(1)
Billions of dollars, averages of daily figures
Item 1996 1997 1998
Dec. Dec. Dec.
Seasonally adjusted
Measures(2)
1 M1 1,081.1 1,073.9 1,097.4
2 M2 3,822.9 4,040.8 4,397.0
3 M3 4,952.4 5,402.2 5,996.9(r)
4 Debt 14,446.5(r) 15,209.2(r) 16,230.9(r)
M1 components
5 Currency(3) 394.3 424.8 459.5
6 Travelers checks(4) 8.3 8.1 8.2
7 Demand deposits(5) 402.3 395.3 379.3
8 Other checkable
deposits(6) 276.1 245.8 250.3
Nontransaction
components
9 In M2(7) 2,741.8 2,966.9 3,299.6
10 In M3 only(8) 1,129.5 1,361.3 1,599.9
Commercial banks
11 Savings deposits,
including MMDAs 904.0 1,020.5 1,184.8
12 Small time deposits(9) 593.3 625.4 626.1
13 Large time
deposits(10,11) 413.9 488.3 539.3
Thrift institutions
14 Savings deposits,
including MMDAs 366.6 376.6 413.8
15 Small time deposits(9) 353.6 342.8 325.6
16 Large time deposits(10) 78.3 85.6 88.9
Money market mutual
funds
17 Retail 524.4 601.7 749.4
18 Institution-only 312.0 380.8 518.4
Repurchase agreements
and Eurodollars
19 Repurchase 210.7 256.0 300.8(r)
agreements(12)
20 Eurodollars(12) 114.6 150.7 152.6
Debt components
21 Federal debt 3,781.3 3,800.3 3,750.8
22 Nonfederal debt 10,665.2(r) 11,408.9(r) 12,480.1(r)
Not seasonally adjusted
Measures(2)
23 M1 1,105.1 1,097.7 1,121.3
24 M2 3,845.1 4,063.9 4,422.2
25 M3 4,973.4 5,426.1 6,026.5
26 Debt 14,443.3(r) 15,206.3(r) 16,227.8(r)
M1 components
27 Currency(3) 397.9 428.9 464.1
28 Travelers checks(4) 8.6 8.3 8.4
29 Demand deposits(5) 419.9 412.4 395.9
30 Other checkable
deposits(6) 278.8 248.2 252.8
Nontransaction
components
31 In M2(7) 2,740.0 2,966.3 3,300.9
32 In M3 only(8) 1,128.2 1,362.2 1,604.3
Commercial banks
33 Savings deposits,
including MMDAs 903.3 1,020.4 1,186.0
34 Small time deposits(9) 592.7 625.3 626.5
35 Large time
deposits(10,11) 413.2 487.2 537.8
Thrift institutions
36 Savings deposits,
including MMDAs 366.3 376.5 414.2
37 Small time deposits(9) 353.2 342.8 325.8
38 Large time deposits(10) 78.1 85.4 88.6
Money market
mutual funds
39 Retail 524.3 601.3 748.3
40 Institution-only 315.6 386.7 527.9
Repurchase agreements
and Eurodollars
41 Repurchase
agreements(12) 205.7 250.5 295.4(r)
42 Eurodollars(12) 115.7 152.3 154.5
Debt components
43 Federal debt 3,787.9 3,805.8 3,754.9
44 Nonfederal debt 10,655.4(r) 11,400.5(r) 12,472.9(r)
1999(r)
Item 1999(r)
Dec.
Nov. Dec.
Seasonally adjusted
Measures(2)
1 M1 1,123.8 1,109.4 1,123.8
2 M2 4,652.2 4,624.2 4,652.2
3 M3 6,467.3 6,378.0 6,467.3
4 Debt 17,314.9 17,217.5 17,314.9
M1 components
5 Currency(3) 515.6 504.3 515.6
6 Travelers checks(4) 8.3 8.2 8.3
7 Demand deposits(5) 355.9 355.7 355.9
8 Other checkable
deposits(6) 244.0 241.2 244.0
Nontransaction
components
9 In M2(7) 3,528.4 3,514.9 3,528.4
10 In M3 only(8) 1,815.1 1,753.8 1,815.1
Commercial banks
11 Savings deposits,
including MMDAs 1,285.8 1,289.1 1,285.8
12 Small time deposits(9) 634.5 630.2 634.5
13 Large time
deposits(10,11) 610.5 587.1 610.5
Thrift institutions
14 Savings deposits,
including MMDAs 448.7 451.7 448.7
15 Small time deposits(9) 320.6 318.9 320.6
16 Large time deposits(10) 91.4 91.0 91.4
Money market mutual
funds
17 Retail 838.9 825.0 838.9
18 Institution-only 607.4 592.1 607.4
Repurchase agreements
and Eurodollars
19 Repurchase 334.7 321.5 334.7
agreements(12)
20 Eurodollars(12) 171.1 162.2 171.1
Debt components
21 Federal debt 3,658.9 3,656.5 3,658.9
22 Nonfederal debt 13,656.0 13,561.0 13,656.0
Not seasonally adjusted
Measures(2)
23 M1 1,148.3 1,112.8 1,148.3
24 M2 4,680.5 4,626.6 4,680.5
25 M3 6,502.3 6,389.6 6,502.3
26 Debt 17,313.0 17,192.2 17,313.0
M1 components
27 Currency(3) 521.3 505.2 521.3
28 Travelers checks(4) 8.4 8.3 8.4
29 Demand deposits(5) 371.9 359.0 371.9
30 Other checkable
deposits(6) 246.7 240.4 246.7
Nontransaction
components
31 In M2(7) 3,532.2 3,513.7 3,532.2
32 In M3 only(8) 1,821.9 1,763.1 1,821.9
Commercial banks
33 Savings deposits,
including MMDAs 1,288.6 1,288.8 1,288.6
34 Small time deposits(9) 635.3 631.7 635.3
35 Large time
deposits(10,11) 608.6 590.1 608.6
Thrift institutions
36 Savings deposits,
including MMDAs 449.7 451.6 449.7
37 Small time deposits(9) 321.0 319.7 321.0
38 Large time deposits(10) 91.1 91.4 91.1
Money market
mutual funds
39 Retail 837.5 822.0 837.5
40 Institution-only 618.9 595.1 618.9
Repurchase agreements
and Eurodollars
41 Repurchase
agreements(12) 330.0 324.1 330.0
42 Eurodollars(12) 173.2 162.4 173.2
Debt components
43 Federal debt 3,662.5 3,641.4 3,662.5
44 Nonfederal debt 13,650.5 13,550.8 13,650.5
2000
Item
Jan.(r) Feb.
Seasonally adjusted
Measures(2)
1 M1 1,120.9 1,105.0
2 M2 4,675.2 4,683.7
3 M3 6,511.0 6,533.6
4 Debt 17,401.7 n.a.
M1 components
5 Currency(3) 524.3 518.2
6 Travelers checks(4) 8.2 8.1
7 Demand deposits(5) 345.4 338.1
8 Other checkable
deposits(6) 243.0 240.6
Nontransaction
components
9 In M2(7) 3,554.4 3,578.7
10 In M3 only(8) 1,835.8 1,849.9
Commercial banks
11 Savings deposits,
including MMDAs 1,288.1 1,301.4
12 Small time deposits(9) 638.4 643.3
13 Large time
deposits(10,11) 613.7 623.4
Thrift institutions
14 Savings deposits,
including MMDAs 447.3 450.0
15 Small time deposits(9) 322.8 323.4
16 Large time deposits(10) 94.2 94.8
Money market mutual
funds
17 Retail 857.7 860.6
18 Institution-only 623.5 617.5
Repurchase agreements
and Eurodollars
19 Repurchase 329.0 342.0
agreements(12)
20 Eurodollars(12) 175.3 172.2
Debt components
21 Federal debt 3,645.6 n.a.
22 Nonfederal debt 13,756.1 n.a.
Not seasonally adjusted
Measures(2)
23 M1 1,127.6 1,096.5
24 M2 4,685.8 4,681.8
25 M3 6,527.4 6,553.0
26 Debt 17,382.9 n.a.
M1 components
27 Currency(3) 523.1 517.2
28 Travelers checks(4) 8.4 8.3
29 Demand deposits(5) 350.1 331.7
30 Other checkable
deposits(6) 246.0 239.3
Nontransaction
components
31 In M2(7) 3,558.2 3,585.3
32 In M3 only(8) 1,841.6 1,871.2
Commercial banks
33 Savings deposits,
including MMDAs 1,286.3 1,294.0
34 Small time deposits(9) 640.0 645.8
35 Large time
deposits(10,11) 604.9 619.0
Thrift institutions
36 Savings deposits,
including MMDAs 446.7 447.4
37 Small time deposits(9) 323.6 324.7
38 Large time deposits(10) 92.9 94.1
Money market
mutual funds
39 Retail 861.5 873.4
40 Institution-only 638.2 640.6
Repurchase agreements
and Eurodollars
41 Repurchase
agreements(12) 329.2 343.9
42 Eurodollars(12) 176.5 173.6
Debt components
43 Federal debt 3,638.4 n.a.
44 Nonfederal debt 13,744.5 n.a.
NOTES TO TABLE 1.21
(1.) Latest monthly and weekly figures are available from the Board's
H.6 (508) weekly statistical release. Historical data starting in 1959
are available from the Money and Reserves Projections Section,
Division of Monetary Affairs, Board of Governors of the Federal
Reserve System, Washington, DC 20551.
(2.) Composition of the money stock measures and debt is as follows:
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 tenn.
1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities(1)
A. All commercial banks
Billions of dollars
Monthly averages
Account 1999 1999(r)
Feb. Aug. Sept.
Seasonally adjusted
Assets
1 Bank credit 4,520.0 4,583.3 4,607.7
2 Securities in bank credit 1,204.7 1,242.9 1,247.1
3 U.S. government securities 793.3 820.2 817.8
4 Other securities 411.4 422.7 429.3
5 Loans and leases in bank credit(2) 3,315.3 3,340.4 3,360.6
6 Commercial and industrial 950.6 972.3 980.3
7 Real estate 1,348.0 1,380.2 1,396.5
8 Revolving home equity 102.7 99.6 99.4
9 Other 1,245.2 1,280.6 1,297.1
10 Consumer 498.3 479.3 480.2
11 Security(3) 139.0 122.4 116.2
12 Other loans and leases 379.4 386.2 387.5
13 Interbank loans 227.9 215.1 208.2
14 Cash assets(4) 254.6 253.8 264.0
15 Other assets(5) 355.8 343.8 354.0
16 Total assets(6) 5,300.0 5,337.3 5,374.7
Liabilities
17 Deposits 3,378.7 3,384.4 3,394.3
18 Transaction 655.7 635.9 634.0
19 Nontransaction 2,723.0 2,748.4 2,760.3
20 Large time 732.2 718.0 727.7
21 Other 1,990.8 2,030.5 2,032.5
22 Borrowings 994.6 1,028.0 1,047.1
23 From banks in the U.S. 314.1 336.4 340.4
24 From others 680.5 691.6 706.7
25 Net due to related foreign offices 206.6 222.5 218.3
26 Other liabilities 294.3 279.0 282.0
27 Total liabilities 4,874.2 4,913.9 4,941.6
28 Residual (assets less liabilities)(7) 425.9 423.4 433.0
Not seasonally adjusted
Assets
29 Bank credit 4,517.5 4,562.3 4,597.8
30 Securities in bank credit 1,210.1 1,230.0 1,235.9
31 U.S. government securities 797.5 808.4 807.6
32 Other securities 412.6 421.6 428.3
33 Loans and leases in bank credit(2) 3,307.4 3,332.3 3,361.9
34 Commercial and industrial 952.1 963.6 976.4
35 Real estate 1,342.2 1,382.8 1,400.1
36 Revolving home equity 102.3 99.8 100.2
37 Other 1,239.9 1,283.0 1,300.0
38 Consumer 498.1 480.4 483.1
39 Security(3) 138.6 118.7 112.8
40 Other loans and leases 376.3 386.7 389.4
41 Interbank loans 227.7 207.4 204.7
42 Cash assets(4) 255.7 243.4 261.3
43 Other assets(5) 352.5 346.6 356.0
44 Total assets(6) 5,295.2 5,300.7 5,360.3
Liabilities
45 Deposits 3,355.7 3,370.5 3,392.9
46 Transaction 650.8 619.6 628.2
47 Nontransaction 2,704.9 2,750.8 2,764.7
48 Large time 732.9 715.3 729.2
49 Other 1,972.0 2,035.5 2,035.5
50 Borrowings 997.3 1,004.6 1,042.0
51 From banks in the U.S. 314.4 329.3 336.7
52 From others 682.8 675.2 705.3
53 Net due to related foreign offices 216.2 217.4 214.3
54 Other liabilities 296.7 278.9 280.9
55 Total liabilities 4,865.9 4,871.4 4,930.1
56 Residual (assets less liabilities)(7) 429.3 429.3 430.2
MEMO
57 Revaluation gains on off-balance-sheet
items(8) 107.3 96.5 98.5
58 Revaluation losses on off-balance-
sheet items(8) 106.2 98.7 97.2
Monthly averages
Account 1999(r)
Oct. Nov. Dec.
Seasonally adjusted
Assets
1 Bank credit 4,639.5 4,702.8 4,781.4
2 Securities in bank credit 1,256.2 1,250.3 1,268.6
3 U.S. government securities 813.8 799.0 803.7
4 Other securities 442.4 451.3 464.9
5 Loans and leases in bank credit(2) 3,383.3 3,452.5 3,512.8
6 Commercial and industrial 986.0 1,004.2 1,006.9
7 Real estate 1,420.5 1,434.5 1,472.0
8 Revolving home equity 100.3 101.8 107.3
9 Other 1,320.2 1,332.6 1,364.7
10 Consumer 478.7 482.2 492.6
11 Security(3) 111.2 134.1 155.6
12 Other loans and leases 386.9 397.5 385.7
13 Interbank loans 222.6 219.1 223.7
14 Cash assets(4) 270.1 276.2 290.5
15 Other assets(5) 358.2 366.2 372.3
16 Total assets(6) 5,431.3 5,504.9 5,608.0
Liabilities
17 Deposits 3,434.8 3,482.2 3,533.3
18 Transaction 630.4 623.3 630.2
19 Nontransaction 2,804.5 2,859.0 2,903.1
20 Large time 766.0 806.3 836.7
21 Other 2,038.4 2,052.6 2,066.5
22 Borrowings 1,045.2 1,061.6 1,123.6
23 From banks in the U.S. 347.6 349.2 346.2
24 From others 697.6 712.3 777.4
25 Net due to related foreign offices 219.8 226.2 221.5
26 Other liabilities 291.5 297.1 298.8
27 Total liabilities 4,991.3 5,067.0 5,177.3
28 Residual (assets less liabilities)(7) 439.9 437.9 430.7
Not seasonally adjusted
Assets
29 Bank credit 4,643.9 4,716.8 4,797.7
30 Securities in bank credit 1,252.7 1,256.8 1,272.6
31 U.S. government securities 808.2 801.2 805.0
32 Other securities 444.5 455.6 467.7
33 Loans and leases in bank credit(2) 3,391.3 3,460.1 3,525.1
34 Commercial and industrial 987.0 1,004.2 1,005.9
35 Real estate 1,424.2 1,439.2 1,474.5
36 Revolving home equity 101.0 102.7 107.7
37 Other 1,323.2 1,336.5 1,366.8
38 Consumer 479.4 482.5 497.5
39 Security(3) 112.0 135.5 157.8
40 Other loans and leases 388.6 398.7 389.4
41 Interbank loans 219.2 225.9 230.3
42 Cash assets(4) 270.4 283.5 307.2
43 Other assets(5) 355.6 364.7 373.1
44 Total assets(6) 5,430.0 5,531.4 5,648.5
Liabilities
45 Deposits 3,437.4 3,508.6 3,565.6
46 Transaction 622.2 632.9 662.7
47 Nontransaction 2,815.2 2,875.7 2,902.9
48 Large time 767.6 811.5 842.5
49 Other 2,047.6 2,064.2 2,060.4
50 Borrowings 1,048.4 1,068.7 1,125.8
51 From banks in the U.S. 345.3 353.5 352.3
52 From others 703.2 715.2 773.5
53 Net due to related foreign offices 221.5 227.9 227.2
54 Other liabilities 290.0 297.2 299.6
55 Total liabilities 4,997.3 5,102.5 5,218.2
56 Residual (assets less liabilities)(7) 432.7 428.9 430.3
MEMO
57 Revaluation gains on off-balance-sheet
items(8) 100.1 99.9 103.9
58 Revaluation losses on off-balance-
sheet items(8) 97.8 98.9 102.3
Wed-
Monthly nesday
averages figures
Account 2000 2000
Jan.(r) Feb. Feb. 2
Seasonally adjusted
Assets
1 Bank credit 4,788.5 4,810.1 4,800.4
2 Securities in bank credit 1,260.1 1,251.0 1,253.5
3 U.S. government securities 805.2 800.7 804.5
4 Other securities 454.9 450.3 449.1
5 Loans and leases in bank credit(2) 3,528.4 3,559.2 3,546.9
6 Commercial and industrial 1,008.9 1,022.3 1,018.2
7 Real estate 1,489.3 1,504.2 1,493.5
8 Revolving home equity 110.7 112.6 111.8
9 Other 1,378.6 1,391.6 1,381.7
10 Consumer 499.2 503.9 502.6
11 Security(3) 147.1 144.6 146.7
12 Other loans and leases 384.0 384.2 385.9
13 Interbank loans 220.7 235.5 226.1
14 Cash assets(4) 283.3 280.9 270.8
15 Other assets(5) 387.3 395.0 387.9
16 Total assets(6) 5,620.6 5,662.4 5,626.0
Liabilities
17 Deposits 3,547.2 3,572.9 3,561.1
18 Transaction 621.5 621.2 610.7
19 Nontransaction 2,925.7 2,951.6 2,950.4
20 Large time 847.4 853.4 851.7
21 Other 2,078.2 2,098.2 2,098.7
22 Borrowings 1,130.5 1,129.5 1,129.0
23 From banks in the U.S. 358.6 367.5 359.2
24 From others 771.9 762.0 769.7
25 Net due to related foreign offices 227.9 233.0 219.1
26 Other liabilities 284.4 290.3 297.1
27 Total liabilities 5,189.9 5,225.7 5,206.2
28 Residual (assets less liabilities)(7) 430.6 436.7 419.7
Not seasonally adjusted
Assets
29 Bank credit 4,798.7 4,806.2 4,809.3
30 Securities in bank credit 1,265.1 1,257.6 1,262.2
31 U.S. government securities 806.5 805.9 809.2
32 Other securities 458.6 451.6 452.9
33 Loans and leases in bank credit(2) 3,533.6 3,548.6 3,547.1
34 Commercial and industrial 1,007.0 1,022.4 1,017.9
35 Real estate 1,488.7 1,497.7 1,490.2
36 Revolving home equity 110.7 112.0 111.6
37 Other 1,378.0 1,385.7 1,378.6
38 Consumer 505.0 503.5 506.2
39 Security(3) 147.0 143.5 146.9
40 Other loans and leases 386.0 381.4 386.0
41 Interbank loans 222.1 235.0 226.7
42 Cash assets(4) 296.8 281.5 271.8
43 Other assets(5) 379.2 391.3 386.6
44 Total assets(6) 5,637.8 5,654.9 5,635.4
Liabilities
45 Deposits 3,544.8 3,548.3 3,541.9
46 Transaction 635.6 615.3 612.0
47 Nontransaction 2,909.3 2,933.0 2,929.9
48 Large time 845.3 854.2 849.3
49 Other 2,064.0 2,078.9 2,080.7
50 Borrowings 1,147.8 1,130.5 1,149.9
51 From banks in the U.S. 363.9 367.7 363.9
52 From others 783.8 762.9 786.0
53 Net due to related foreign offices 230.8 245.7 219.7
54 Other liabilities 285.3 293.0 298.9
55 Total liabilities 5,208.7 5,217.5 5,210.4
56 Residual (assets less liabilities)(7) 429.1 437.5 425.0
MEMO
57 Revaluation gains on off-balance-sheet
items(8) 100.6 104.1 104.8
58 Revaluation losses on off-balance-
sheet items(8) 99.3 104.1 105.7
Wednesday figures
Account 2000
Feb. 9 Feb. 16 Feb. 23
Seasonally adjusted
Assets
1 Bank credit 4,792.8 4,801.9 4,818.5
2 Securities in bank credit 1,245.2 1,248.6 1,256.2
3 U.S. government securities 796.7 797.2 803.0
4 Other securities 448.5 451.4 453.2
5 Loans and leases in bank credit(2) 3,547.5 3,553.3 3,562.3
6 Commercial and industrial 1,018.2 1,022.9 1,024.9
7 Real estate 1,498.2 1,502.3 1,506.7
8 Revolving home equity 112.1 112.3 112.9
9 Other 1,386.1 1,390.0 1,393.7
10 Consumer 503.1 503.6 504.3
11 Security(3) 143.4 141.4 143.5
12 Other loans and leases 384.5 383.0 382.9
13 Interbank loans 232.2 235.4 239.6
14 Cash assets(4) 289.5 260.4 285.7
15 Other assets(5) 389.5 389.9 406.0
16 Total assets(6) 5,645.0 5,628.4 5,690.7
Liabilities
17 Deposits 3,561.0 3,558.6 3,575.3
18 Transaction 614.8 607.2 638.8
19 Nontransaction 2,946.2 2,951.4 2,936.6
20 Large time 847.7 858.6 851.3
21 Other 2,098.5 2,092.8 2,085.3
22 Borrowings 1,124.9 1,108.7 1,144.6
23 From banks in the U.S. 364.8 367.1 369.2
24 From others 760.2 741.6 775.4
25 Net due to related foreign offices 234.7 240.1 222.1
26 Other liabilities 291.4 295.0 291.9
27 Total liabilities 5,212.0 5,202.4 5,233.9
28 Residual (assets less liabilities)(7) 433.0 426.0 456.7
Not seasonally adjusted
Assets
29 Bank credit 4,790.9 4,799.1 4,802.3
30 Securities in bank credit 1,253.6 1,254.9 1,259.6
31 U.S. government securities 802.7 802.2 807.1
32 Other securities 450.9 452.8 452.5
33 Loans and leases in bank credit(2) 3,537.3 3,544.2 3,542.7
34 Commercial and industrial 1,016.5 1,023.3 1,023.6
35 Real estate 1,495.9 1,496.9 1,496.0
36 Revolving home equity 111.7 111.8 112.2
37 Other 1,384.1 1,385.1 1,383.8
38 Consumer 504.0 503.5 503.2
39 Security(3) 139.8 139.5 141.5
40 Other loans and leases 381.1 381.0 378.4
41 Interbank loans 230.9 236.7 234.4
42 Cash assets(4) 273.5 270.2 295.1
43 Other assets(5) 384.0 386.9 400.0
44 Total assets(6) 5,620.5 5,633.9 5,672.8
Liabilities
45 Deposits 3,528.2 3,541.6 3,541.1
46 Transaction 596.8 610.7 629.7
47 Nontransaction 2,931.5 2,930.8 2,911.5
48 Large time 848.1 857.7 852.2
49 Other 2,083.4 2,073.1 2,059.2
50 Borrowings 1,124.3 1,114.5 1,142.0
51 From banks in the U.S. 363.8 368.7 368.6
52 From others 760.5 745.7 773.3
53 Net due to related foreign offices 244.1 250.1 248.4
54 Other liabilities 294.4 297.5 294.4
55 Total liabilities 5,191.0 5,203.7 5,225.9
56 Residual (assets less liabilities)(7) 429.5 430.3 446.9
MEMO
57 Revaluation gains on off-balance-sheet
items(8) 102.7 107.1 104.8
58 Revaluation losses on off-balance-
sheet items(8) 103.1 107.3 104.9
B. Domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 1999 1999(r)
Feb. Aug. Sept.
Seasonally adjusted
Assets
1 Bank credit 3,955.8 4,059.6 4,088.7
2 Securities in bank credit 1,002.6 1,052.9 1,057.7
3 U.S. government securities 708.5 736.2 736.1
4 Other securities 294.0 316.7 321.5
5 Loans and leases in bank credit(2) 2,953.2 3,006.6 3,031.1
6 Commercial and industrial 739.7 776.9 783.2
7 Real estate 1,327.2 1,362.7 1,379.0
8 Revolving home equity 102.7 99.6 99.4
9 Other 1,224.5 1,263.1 1,279.6
10 Consumer 498.3 479.3 480.2
11 Security(3) 79.3 67.5 64.8
12 Other loans and leases 308.7 320.3 323.9
13 Interbank loans 196.5 189.4 185.3
14 Cash assets(4) 220.0 214.3 221.6
15 Other assets(5) 318.4 314.8 324.7
16 Total assets(6) 4,632.5 4,719.6 4,761.3
Liabilities
17 Deposits 3,056.3 3,075.4 3,083.5
18 Transaction 643.8 624.9 623.2
19 Nontransaction 2,412.5 2,450.4 2,460.3
20 Large time 423.1 423.9 433.0
21 Other 1,989.4 2,026.5 2,027.4
22 Borrowings 811.9 853.5 875.9
23 From banks in the U.S. 296.0 312.9 315.3
24 From others 515.9 540.6 560.6
25 Net due to related foreign offices 117.3 150.4 152.1
26 Other liabilities 224.2 217.5 217.6
27 Total liabilities 4,209.7 4,296.8 4,329.1
28 Residual (assets less liabilities)(7) 422.8 422.8 432.2
Not seasonally adjusted
Assets
29 Bank credit 3,949.7 4,042.2 4,079.7
30 Securities in bank credit 1,006.4 1,041.3 1,047.2
31 U.S. government securities 712.4 725.4 726.9
32 Other securities 294.0 315.9 320.3
33 Loans and leases in bank credit(2) 2,943.3 3,000.9 3,032.5
34 Commercial and industrial 739.3 770.0 779.6
35 Real estate 1,321.1 1,365.4 1,382.6
36 Revolving home equity 102.3 99.8 100.2
37 Other 1,218.7 1,265.6 1,282.5
38 Consumer 498.1 480.4 483.1
39 Security(3) 79.3 63.7 61.2
40 Other loans and leases 305.4 321.5 325.9
41 Interbank loans 196.2 181.7 181.7
42 Cash assets(4) 221.7 204.3 219.1
43 Other assets(5) 313.9 317.0 326.3
44 Total assets(6) 4,623.7 4,686.5 4,747.8
Liabilities
45 Deposits 3,034.6 3,064.1 3,082.5
46 Transaction 639.2 608.7 616.8
47 Nontransaction 2,395.4 2,455.3 2,465.7
48 Large time 425.6 422.1 432.5
49 Other 1,969.8 2,033.2 2,033.2
50 Borrowings 814.5 830.0 870.8
51 From banks in the U.S. 296.4 305.8 311.6
52 From others 518.2 524.2 559.2
53 Net due to related foreign offices 123.4 147.5 149.8
54 Other liabilities 225.0 217.3 216.9
55 Total liabilities 4,197.6 4,258.9 4,320.0
56 Residual (assets less liabilities)(7) 426.1 427.7 427.8
MEMO
57 Revaluation gains on off-balance-sheet
items(8) 64.9 58.4 60.1
58 Revaluation losses on off-balance-
sheet items(8) 65.4 62.5 59.8
59 Mortgage-backed securities(9) 342.1 343.7 346.5
Monthly averages
Account 1999(r)
Oct. Nov. Dec.
Seasonally adjusted
Assets
1 Bank credit 4,109.8 4,154.6 4,225.5
2 Securities in bank credit 1,060.9 1,051.4 1,062.0
3 U.S. government securities 731.4 719.5 722.1
4 Other securities 329.5 331.9 339.9
5 Loans and leases in bank credit(2) 3,048.9 3,103.3 3,163.6
6 Commercial and industrial 787.2 804.2 812.3
7 Real estate 1,403.1 1,417.5 1,455.2
8 Revolving home equity 100.3 101.8 107.3
9 Other 1,302.8 1,315.7 1,347.9
10 Consumer 478.7 482.2 492.6
11 Security(3) 56.2 68.8 88.6
12 Other loans and leases 323.6 330.5 315.0
13 Interbank loans 197.1 193.9 195.4
14 Cash assets(4) 225.2 225.2 235.2
15 Other assets(5) 326.6 331.7 335.1
16 Total assets(6) 4,799.8 4,846.3 4,931.6
Liabilities
17 Deposits 3,106.0 3,124.0 3,155.4
18 Transaction 619.7 612.7 619.4
19 Nontransaction 2,486.2 2,511.3 2,535.9
20 Large time 449.7 460.6 470.3
21 Other 2,036.6 2,050.7 2,065.6
22 Borrowings 868.2 874.8 942.0
23 From banks in the U.S. 325.7 323.2 321.7
24 From others 542.5 551.6 620.3
25 Net due to related foreign offices 166.3 182.2 182.5
26 Other liabilities 226.1 230.2 228.8
27 Total liabilities 4,366.5 4,411.3 4,508.6
28 Residual (assets less liabilities)(7) 433.3 435.0 423.0
Not seasonally adjusted
Assets
29 Bank credit 4,110.3 4,165.6 4,238.6
30 Securities in bank credit 1,054.7 1,054.7 1,066.9
31 U.S. government securities 725.8 721.3 723.1
32 Other securities 328.9 333.4 343.9
33 Loans and leases in bank credit(2) 3,055.6 3,110.9 3,171.7
34 Commercial and industrial 787.2 803.0 808.6
35 Real estate 1,406.6 1,422.1 1,457.6
36 Revolving home equity 101.0 102.7 107.7
37 Other 1,305.6 1,319.4 1,349.9
38 Consumer 479.4 482.5 497.5
39 Security(3) 57.4 71.0 90.3
40 Other loans and leases 325.0 332.3 317.7
41 Interbank loans 193.7 200.7 202.1
42 Cash assets(4) 224.9 231.6 249.5
43 Other assets(5) 324.1 330.0 334.5
44 Total assets(6) 4,794.2 4,868.7 4,965.1
Liabilities
45 Deposits 3,108.5 3,151.0 3,183.4
46 Transaction 611.5 622.5 651.6
47 Nontransaction 2,496.9 2,528.5 2,531.7
48 Large time 451.7 466.6 473.6
49 Other 2,045.3 2,061.9 2,058.1
50 Borrowings 871.5 882.0 944.1
51 From banks in the U.S. 323.4 327.6 327.7
52 From others 548.1 554.4 616.4
53 Net due to related foreign offices 166.2 181.2 183.0
54 Other liabilities 225.2 229.5 228.1
55 Total liabilities 4,371.3 4,443.7 4,538.6
56 Residual (assets less liabilities)(7) 422.8 425.0 426.5
MEMO
57 Revaluation gains on off-balance-sheet
items(8) 60.9 59.8 64.5
58 Revaluation losses on off-balance-
sheet items(8) 60.0 59.8 63.9
59 Mortgage-backed securities(9) 346.6 348.1 347.7
Wed-
Monthly nesday
averages figures
2000 2000
Account Jan.(r) Feb. Feb. 2
Seasonally adjusted
Assets
1 Bank credit 4,241.6 4,272.8 4,259.4
2 Securities in bank credit 1,061.5 1,064.2 1,061.0
3 U.S. government securities 726.1 727.6 727.4
4 Other securities 335.4 336.6 333.6
5 Loans and leases in bank credit(2) 3,180.1 3,208.6 3,198.4
6 Commercial and industrial 814.6 825.1 822.8
7 Real estate 1,472.2 1,486.9 1,476.1
8 Revolving home equity 110.7 112.6 111.8
9 Other 1,361.6 1,374.4 1,364.3
10 Consumer 499.2 503.9 502.6
11 Security(3) 80.2 77.8 80.1
12 Other loans and leases 313.9 314.8 316.7
13 Interbank loans 191.4 202.2 193.7
14 Cash assets(4) 229.5 229.0 221.5
15 Other assets(5) 348.1 356.5 348.4
16 Total assets(6) 4,951.6 5,001.7 4,964.1
Liabilities
17 Deposits 3,161.1 3,188.7 3,176.4
18 Transaction 611.1 610.6 599.8
19 Nontransaction 2,550.0 2,578.1 2,576.6
20 Large time 473.1 481.3 478.9
21 Other 2,076.9 2,096.8 2,097.7
22 Borrowings 948.9 951.9 946.2
23 From banks in the U.S. 336.6 347.0 336.6
24 From others 612.3 604.9 609.7
25 Net due to related foreign offices 194.4 209.4 193.9
26 Other liabilities 215.1 219.4 223.9
27 Total liabilities 4,519.4 4,569.3 4,540.5
28 Residual (assets less liabilities)(7) 432.1 432.4 423.6
Not seasonally adjusted
Assets
29 Bank credit 4,248.3 4,265.6 4,263.2
30 Securities in bank credit 1,065.9 1,069.1 1,067.2
31 U.S. government securities 727.6 732.4 732.0
32 Other securities 338.3 336.8 335.2
33 Loans and leases in bank credit(2) 3,182.3 3,196.5 3,195.9
34 Commercial and industrial 811.0 823.7 821.5
35 Real estate 1,471.5 1,480.1 1,472.6
36 Revolving home equity 110.7 112.0 111.6
37 Other 1,360.8 1,368.1 1,361.0
38 Consumer 505.0 503.5 506.2
39 Security(3) 80.1 77.3 80.1
40 Other loans and leases 314.8 311.8 315.6
41 Interbank loans 192.7 201.7 194.3
42 Cash assets(4) 242.3 230.8 222.8
43 Other assets(5) 339.7 351.8 346.6
44 Total assets(6) 4,964.3 4,991.2 4,968.2
Liabilities
45 Deposits 3,162.0 3,165.4 3,160.6
46 Transaction 625.1 604.8 601.1
47 Nontransaction 2,536.8 2,560.5 2,559.5
48 Large time 475.1 483.9 481.1
49 Other 2,061.7 2,076.6 2,078.4
50 Borrowings 966.1 952.9 967.2
51 From banks in the U.S. 341.9 347.2 341.2
52 From others 624.2 605.8 626.0
53 Net due to related foreign offices 195.4 219.1 194.7
54 Other liabilities 215.8 220.4 224.8
55 Total liabilities 4,539.3 4,557.8 4,547.3
56 Residual (assets less liabilities)(7) 425.0 433.4 420.9
MEMO
57 Revaluation gains on off-balance-sheet
items(8) 62.7 64.8 63.6
58 Revaluation losses on off-balance-
sheet items(8) 61.8 64.3 63.9
59 Mortgage-backed securities(9) 347.7 347.6 345.5
Wednesday figures
Account 2000
Feb. 9 Feb. 16 Feb. 23
Seasonally adjusted
Assets
1 Bank credit 4,256.6 4,269.5 4,283.2
2 Securities in bank credit 1,057.6 1,064.7 1,070.9
3 U.S. government securities 722.1 725.4 731.5
4 Other securities 335.5 339.3 339.4
5 Loans and leases in bank credit(2) 3,199.0 3,204.9 3,212.3
6 Commercial and industrial 822.3 826.7 826.7
7 Real estate 1,481.1 1,485.1 1,489.3
8 Revolving home equity 112.1 112.3 112.9
9 Other 1,368.9 1,372.8 1,376.4
10 Consumer 503.1 503.6 504.3
11 Security(3) 77.9 75.9 79.1
12 Other loans and leases 314.7 313.6 312.9
13 Interbank loans 200.2 198.5 205.6
14 Cash assets(4) 238.0 208.6 232.8
15 Other assets(5) 350.9 351.7 367.2
16 Total assets(6) 4,987.0 4,969.4 5,030.0
Liabilities
17 Deposits 3,178.9 3,172.1 3,192.0
18 Transaction 603.8 596.6 628.2
19 Nontransaction 2,575.0 2,575.5 2,563.8
20 Large time 477.6 483.8 480.4
21 Other 2,097.4 2,091.7 2,083.4
22 Borrowings 947.7 935.7 968.3
23 From banks in the U.S. 344.1 347.0 349.3
24 From others 603.7 588.7 619.0
25 Net due to related foreign offices 207.6 213.9 202.8
26 Other liabilities 221.1 224.1 221.2
27 Total liabilities 4,555.2 4,545.8 4,584.3
28 Residual (assets less liabilities)(7) 431.7 423.5 445.7
Not seasonally adjusted
Assets
29 Bank credit 4,251.0 4,263.3 4,267.1
30 Securities in bank credit 1,063.7 1,069.4 1,074.3
31 U.S. government securities 727.4 730.1 735.2
32 Other securities 336.3 339.2 339.1
33 Loans and leases in bank credit(2) 3,187.3 3,194.0 3,192.8
34 Commercial and industrial 819.3 824.5 824.2
35 Real estate 1,478.4 1,479.4 1,478.3
36 Revolving home equity 111.7 111.8 112.2
37 Other 1,366.6 1,367.5 1,366.1
38 Consumer 504.0 503.5 503.2
39 Security(3) 75.0 75.2 78.1
40 Other loans and leases 310.6 311.3 309.0
41 Interbank loans 198.8 199.7 200.5
42 Cash assets(4) 222.9 219.2 243.7
43 Other assets(5) 344.1 347.9 360.6
44 Total assets(6) 4,958.2 4,971.4 5,013.2
Liabilities
45 Deposits 3,148.2 3,158.1 3,158.2
46 Transaction 586.2 600.3 619.2
47 Nontransaction 2,561.9 2,557.9 2,539.0
48 Large time 480.8 487.1 482.0
49 Other 2,081.1 2,070.8 2,056.9
50 Borrowings 947.1 941.4 965.6
51 From banks in the U.S. 343.1 348.7 348.7
52 From others 604.0 592.8 616.9
53 Net due to related foreign offices 215.2 220.5 224.1
54 Other liabilities 222.3 225.0 222.2
55 Total liabilities 4,532.8 4,545.1 4,570.1
56 Residual (assets less liabilities)(7) 425.4 426.4 443.1
MEMO
57 Revaluation gains on off-balance-sheet
items(8) 63.6 67.9 66.3
58 Revaluation losses on off-balance-
sheet items(8) 63.3 67.7 66.0
59 Mortgage-backed securities(9) 344.9 345.7 349.9
C. Large domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 1999 1999(r)
Feb. Aug. Sept.
Seasonally adjusted
Assets
1 Bank credit 2,482.9 2,509.8 2,525.6
2 Securities in bank credit 571.8 597.9 601.0
3 U.S. government securities 387.7 399.4 397.7
4 Trading account 17.9 23.3 20.9
5 Investment account 369.8 376.2 376.8
6 Other securities 184.2 198.5 203.3
7 Trading account 87.5 77.5 78.1
8 Investment account 96.7 121.0 125.2
9 State and local government 24.7 25.7 25.7
10 Other 72.0 95.3 99.5
11 Loans and leases in bank credit(2) 1,911.1 1,911.9 1,924.6
12 Commercial and industrial 548.9 573.4 576.8
13 Bankers acceptances 1.2 1.1 1.2
14 Other 547.8 572.3 575.6
15 Real estate 739.7 738.4 749.7
16 Revolving home equity 74.0 69.4 69.2
17 Other 665.7 669.0 680.6
18 Consumer 308.8 284.8 282.8
19 Security(3) 74.0 62.6 59.8
20 Federal funds sold to and
repurchase agreements
with broker-dealers 58.0 45.4 42.2
21 Other 16.1 17.2 17.6
22 State and local government 11.6 12.2 12.3
23 Agricultural 9.2 8.9 9.2
24 Federal funds sold to and
repurchase agreements
with others 12.8 7.9 11.2
25 All other loans 92.5 100.4 98.0
26 Lease-financing receivables 113.5 123.4 124.7
27 Interbank loans 135.7 138.4 136.5
28 Federal funds sold to and
repurchase agreements with
commercial banks 84.9 86.7 83.8
29 Other 50.9 51.7 52.7
30 Cash assets(4) 152.9 143.5 150.2
31 Other assets(5) 248.7 236.5 246.7
32 Total assets(6) 2,981.2 2,989.5 3,020.0
Liabilities
33 Deposits 1,725.4 1,709.7 1,715.8
34 Transaction 365.2 342.8 343.7
35 Nontransaction 1,360.2 1,366.9 1,372.0
36 Large time 233.8 227.7 235.5
37 Other 1,126.4 1,139.2 1,136.5
38 Borrowings 640.2 653.8 671.4
39 From banks in the U.S. 216.3 220.2 222.3
40 From others 423.9 433.7 449.0
41 Net due to related foreign offices 114.1 147.0 148.7
42 Other liabilities 195.5 184.9 183.9
43 Total liabilities 2,675.1 2,695.4 2,719.8
44 Residual (assets less liabilities)(7) 306.1 294.1 300.3
Not seasonally adjusted
Assets
45 Bank credit 2,487.6 2,490.3 2,513.4
46 Securities in bank credit 577.9 587.9 592.8
47 U.S. government securities 393.1 390.4 390.3
48 Trading account 18.6 22.2 20.7
49 Investment account 374.5 368.3 369.6
50 Mortgage-backed securities 258.2 243.1 246.3
51 Other 116.3 125.2 123.3
52 One year or less 26.6 25.2 24.8
53 One to five years 48.6 59.9 59.1
54 More than five years 41.1 40.0 39.4
55 Other securities 184.8 197.4 202.6
56 Trading account 87.5 77.5 78.1
57 Investment account 97.3 120.0 124.5
58 State and local government 24.8 25.4 25.6
59 Other 72.5 94.6 98.9
60 Loans and leases in bank credit(2) 1,909.7 1,902.5 1,920.6
61 Commercial and industrial 548.9 567.6 574.3
62 Bankers acceptances 1.2 1.1 1.2
63 Other 547.7 566.6 573.2
64 Real estate 738.4 739.0 750.0
65 Revolving home equity 73.7 69.7 69.6
66 Other 408.8 408.4 413.3
67 Commercial 255.9 260.9 267.1
68 Consumer 309.2 285.3 284.7
69 Security(3) 74.1 58.8 56.3
70 Federal funds sold to and
repurchase agreements
with broker-dealers 58.5 41.9 38.9
71 Other 15.6 16.9 17.4
72 State and local government 11.7 12.3 12.4
73 Agricultural 8.8 9.1 9.5
74 Federal funds sold to and
repurchase agreements
with others 12.8 7.9 11.2
75 All other loans 91.1 99.6 98.6
76 Lease-financing receivables 114.8 122.8 123.5
77 Interbank loans 135.5 133.3 134.2
78 Federal funds sold to and
repurchase agreements
with commercial banks 85.5 81.8 81.9
79 Other 50.1 51.5 52.3
80 Cash assets(4) 153.6 136.7 149.0
81 Other assets(5) 245.6 238.0 248.0
82 Total assets(6) 2,983.4 2,959.3 3,005.3
Liabilities
83 Deposits 1,721.2 1,699.8 1,711.8
84 Transaction 362.3 333.5 340.3
85 Nontransaction 1,358.9 1,366.3 1,371.4
86 Large time 236.2 225.9 235.1
87 Other 1,122.7 1,140.4 1,136.4
88 Borrowings 645.4 630.3 663.6
89 From banks in the U.S. 217.8 213.8 218.2
90 From nonbanks in the U.S. 427.6 416.5 445.5
91 Net due to related foreign offices 120.2 144.0 146.4
92 Other liabilities 195.5 184.9 183.9
93 Total liabilities 2,682.3 2,659.0 2,705.6
94 Residual (assets less liabilities)(7) 301.1 300.3 299.7
MEMO
95 Revaluation gains on off-balance-
sheet items(8) 64.9 58.4 60.1
96 Revaluation losses on off-balance-
sheet items(8) 65.4 62.5 59.8
97 Mortgage-backed securities(9) 286.6 278.6 281.0
98 Pass-through securities 191.4 186.8 185.4
99 CMOs, REMICs, and other
mortgage-backed securities 95.2 91.7 95.6
100 Net unrealized gains (losses) on
available-for-sale securities(10) 2.3 -4.2 -4.9
101 Offshore credit to U.S. residents(11) 38.9 32.2 27.8
Monthly averages
Account 1999(r)
Oct. Nov. Dec.
Seasonally adjusted
Assets
1 Bank credit 2,524.6 2,566.1 2,625.8
2 Securities in bank credit 601.9 598.0 610.8
3 U.S. government securities 391.6 385.6 392.1
4 Trading account 20.0 18.0 19.4
5 Investment account 371.6 367.6 372.7
6 Other securities 210.3 212.4 218.7
7 Trading account 81.7 82.4 87.1
8 Investment account 128.5 129.9 131.7
9 State and local government 25.8 26.4 26.4
10 Other 102.7 103.5 105.3
11 Loans and leases in bank credit(2) 1,922.7 1,968.1 2,015.0
12 Commercial and industrial 574.6 589.5 595.8
13 Bankers acceptances 1.1 1.1 1.1
14 Other 573.5 588.4 594.7
15 Real estate 760.6 769.1 800.8
16 Revolving home equity 69.2 70.6 75.5
17 Other 691.3 698.5 725.3
18 Consumer 281.6 285.5 291.1
19 Security(3) 51.3 63.3 83.2
20 Federal funds sold to and
repurchase agreements
with broker-dealers 34.2 45.2 63.4
21 Other 17.0 18.1 19.8
22 State and local government 12.3 12.2 12.1
23 Agricultural 9.6 9.6 9.6
24 Federal funds sold to and
repurchase agreements
with others 10.0 12.3 11.8
25 All other loans 95.6 97.5 80.5
26 Lease-financing receivables 127.0 129.2 130.1
27 Interbank loans 149.9 141.6 141.8
28 Federal funds sold to and
repurchase agreements with
commercial banks 92.4 73.8 70.9
29 Other 57.6 67.8 70.9
30 Cash assets(4) 154.3 153.2 159.8
31 Other assets(5) 244.4 250.3 252.6
32 Total assets(6) 3,034.2 3,072.1 3,140.6
Liabilities
33 Deposits 1,716.7 1,724.4 1,738.3
34 Transaction 340.1 335.7 343.5
35 Nontransaction 1,376.6 1,388.7 1,394.9
36 Large time 245.7 252.7 260.4
37 Other 1,131.0 1,136.0 1,134.4
38 Borrowings 667.5 675.5 735.9
39 From banks in the U.S. 238.7 238.4 237.6
40 From others 428.8 437.1 498.3
41 Net due to related foreign offices 162.0 177.7 178.0
42 Other liabilities 191.1 195.5 193.7
43 Total liabilities 2,737.3 2,773.0 2,845.9
44 Residual (assets less liabilities)(7) 296.9 299.0 294.7
Not seasonally adjusted
Assets
45 Bank credit 2,526.3 2,580.0 2,640.8
46 Securities in bank credit 598.8 603.5 615.9
47 U.S. government securities 389.0 389.7 393.0
48 Trading account 20.8 19.9 20.0
49 Investment account 368.2 369.7 373.0
50 Mortgage-backed securities 244.3 244.7 244.5
51 Other 123.8 125.0 128.5
52 One year or less 25.6 23.9 25.2
53 One to five years 59.9 60.6 61.6
54 More than five years 38.3 40.4 41.7
55 Other securities 209.8 213.9 222.9
56 Trading account 81.7 82.4 87.1
57 Investment account 128.1 131.5 135.8
58 State and local government 25.9 26.6 26.6
59 Other 102.2 104.9 109.2
60 Loans and leases in bank credit(2) 1,927.5 1,976.5 2,024.9
61 Commercial and industrial 576.1 589.8 593.1
62 Bankers acceptances 1.1 1.1 1.1
63 Other 575.0 588.7 592.0
64 Real estate 762.6 773.2 805.1
65 Revolving home equity 69.8 71.2 75.7
66 Other 419.7 426.0 450.3
67 Commercial 273.1 276.1 279.1
68 Consumer 281.6 285.3 294.2
69 Security(3) 52.4 65.5 84.9
70 Federal funds sold to and
repurchase agreements
with broker-dealers 35.3 47.5 64.6
71 Other 17.1 18.0 20.2
72 State and local government 12.4 12.3 12.2
73 Agricultural 9.8 9.6 9.6
74 Federal funds sold to and
repurchase agreements
with others 10.0 12.3 11.8
75 All other loans 96.6 100.7 84.5
76 Lease-financing receivables 126.1 127.8 129.5
77 Interbank loans 145.4 142.3 144.4
78 Federal funds sold to and
repurchase agreements
with commercial banks 88.6 76.6 74.6
79 Other 56.7 65.6 69.8
80 Cash assets(4) 154.8 157.4 170.5
81 Other assets(5) 241.8 246.9 252.0
82 Total assets(6) 3,029.4 3,087.4 3,168.4
Liabilities
83 Deposits 1,715.4 1,738.7 1,761.7
84 Transaction 334.9 341.8 365.2
85 Nontransaction 1,380.4 1,396.9 1,396.5
86 Large time 247.7 258.7 263.7
87 Other 1,132.7 1,138.1 1,132.8
88 Borrowings 667.9 680.4 736.1
89 From banks in the U.S. 234.5 240.9 241.6
90 From nonbanks in the U.S. 433.4 439.5 494.4
91 Net due to related foreign offices 161.9 176.7 178.6
92 Other liabilities 191.1 195.5 193.7
93 Total liabilities 2,736.3 2,791.3 2,870.1
94 Residual (assets less liabilities)(7) 293.1 296.1 298.4
MEMO
95 Revaluation gains on off-balance-
sheet items(8) 60.9 59.8 64.5
96 Revaluation losses on off-balance-
sheet items(8) 60.0 59.8 63.9
97 Mortgage-backed securities(9) 279.4 282.1 282.1
98 Pass-through securities 184.8 187.9 188.8
99 CMOs, REMICs, and other
mortgage-backed securities 94.6 94.2 93.2
100 Net unrealized gains (losses) on
available-for-sale securities(10) -5.6 -5.8 -6.0
101 Offshore credit to U.S. residents(11) 26.7 24.8 24.0
Wed-
Monthly nesday
averages figures
Account 2000 2000
Jan.(r) Feb. Feb.2
Seasonally adjusted
Assets
1 Bank credit 2,626.4 2,640.7 2,640.5
2 Securities in bank credit 607.2 605.8 606.0
3 U.S. government securities 391.7 388.5 391.7
4 Trading account 21.4 22.3 25.1
5 Investment account 370.3 366.1 366.7
6 Other securities 215.5 217.4 214.3
7 Trading account 81.8 86.2 84.3
8 Investment account 133.7 131.2 130.1
9 State and local government 26.7 26.9 26.8
10 Other 107.0 104.3 103.3
11 Loans and leases in bank credit(2) 2,019.2 2,034.9 2,034.4
12 Commercial and industrial 595.2 603.3 601.9
13 Bankers acceptances 1.1 1.0 1.0
14 Other 594.2 602.3 600.9
15 Real estate 811.3 817.0 812.3
16 Revolving home equity 78.2 79.5 79.1
17 Other 733.2 737.5 733.2
18 Consumer 294.9 298.8 299.6
19 Security(3) 75.0 72.5 74.9
20 Federal funds sold to and
repurchase agreements
with broker-dealers 53.9 49.1 52.0
21 Other 21.1 23.4 23.0
22 State and local government 12.3 12.4 12.3
23 Agricultural 9.8 10.1 10.0
24 Federal funds sold to and
repurchase agreements
with others 11.2 11.3 11.0
25 All other loans 79.3 79.7 82.0
26 Lease-financing receivables 130.1 129.8 130.4
27 Interbank loans 138.9 146.8 140.0
28 Federal funds sold to and
repurchase agreements with
commercial banks 66.0 73.2 64.8
29 Other 72.8 73.6 75.2
30 Cash assets(4) 160.5 160.9 153.4
31 Other assets(5) 261.2 272.2 263.7
32 Total assets(6) 3,148.5 3,182.5 3,159.3
Liabilities
33 Deposits 1,734.0 1,744.5 1,743.1
34 Transaction 337.2 335.0 328.2
35 Nontransaction 1,396.8 1,409.6 1,414.8
36 Large time 261.7 265.9 265.9
37 Other 1,135.0 1,143.6 1,149.0
38 Borrowings 735.7 735.6 734.7
39 From banks in the U.S. 250.6 260.4 251.1
40 From others 485.1 475.3 483.6
41 Net due to related foreign offices 189.3 204.1 188.6
42 Other liabilities 181.5 183.6 188.7
43 Total liabilities 2,840.5 2,867.9 2,855.0
44 Residual (assets less liabilities)(7) 307.9 314.6 304.3
Not seasonally adjusted
Assets
45 Bank credit 2,640.0 2,645.0 2,653.2
46 Securities in bank credit 612.1 612.8 614.0
47 U.S. government securities 393.7 394.7 397.8
48 Trading account 21.7 23.2 25.6
49 Investment account 372.0 371.6 372.2
50 Mortgage-backed securities 242.8 243.2 240.0
51 Other 129.2 128.4 132.2
52 One year or less 26.1 30.3 28.9
53 One to five years 61.2 58.0 61.6
54 More than five years 41.9 40.1 41.7
55 Other securities 218.5 218.0 216.2
56 Trading account 81.8 86.2 84.3
57 Investment account 136.7 131.9 131.9
58 State and local government 26.9 27.0 26.9
59 Other 109.7 104.9 105.0
60 Loans and leases in bank credit(2) 2,027.8 2,032.2 2,039.2
61 Commercial and industrial 592.5 602.3 601.2
62 Bankers acceptances 1.1 1.0 1.0
63 Other 591.4 601.3 600.2
64 Real estate 814.6 815.4 813.1
65 Revolving home equity 78.2 79.1 78.8
66 Other 453.5 451.7 450.7
67 Commercial 282.9 284.6 283.6
68 Consumer 300.0 299.3 302.8
69 Security(3) 74.9 72.0 74.9
70 Federal funds sold to and
repurchase agreements
with broker-dealers 54.5 49.6 53.3
71 Other 20.4 22.5 21.6
72 State and local government 12.3 12.4 12.3
73 Agricultural 9.8 9.7 9.7
74 Federal funds sold to and
repurchase agreements
with others 11.2 11.3 11.0
75 All other loans 80.5 78.6 82.2
76 Lease-financing receivables 132.1 131.2 132.0
77 Interbank loans 140.3 146.6 141.1
78 Federal funds sold to and
repurchase agreements
with commercial banks 68.9 74.0 68.6
79 Other 71.3 72.6 72.5
80 Cash assets(4) 170.2 161.5 153.9
81 Other assets(5) 256.3 269.1 263.2
82 Total assets(6) 3,168.7 3,184.2 3,173.3
Liabilities
83 Deposits 1,743.1 1,738.7 1,740.6
84 Transaction 347.2 330.9 329.3
85 Nontransaction 1,395.9 1,407.8 1,411.3
86 Large time 263.8 268.5 268.0
87 Other 1,132.2 1,139.3 1,143.2
88 Borrowings 752.8 739.8 755.1
89 From banks in the U.S. 255.2 261.8 255.4
90 From nonbanks in the U.S. 497.6 478.0 499.7
91 Net due to related foreign offices 190.4 213.9 189.4
92 Other liabilities 181.5 183.6 188.7
93 Total liabilities 2,867.7 2,876.0 2,873.8
94 Residual (assets less liabilities)(7) 300.9 308.3 299.4
MEMO
95 Revaluation gains on off-balance-
sheet items(8) 62.7 64.8 63.6
96 Revaluation losses on off-balance-
sheet items(8) 61.8 64.3 63.9
97 Mortgage-backed securities(9) 279.8 278.4 277.3
98 Pass-through securities 187.9 190.3 189.0
99 CMOs, REMICs, and other
mortgage-backed securities 92.0 88.2 88.3
100 Net unrealized gains (losses) on
available-for-sale securities(10) -7.4 -7.8 -8.1
101 Offshore credit to U.S. residents(11) 23.2 23.6 23.5
Wednesday figures
Account 2000
Feb. 9 Feb. 16 Feb. 23
Seasonally adjusted
Assets
1 Bank credit 2,633.1 2,637.7 2,647.0
2 Securities in bank credit 600.9 607.2 611.0
3 U.S. government securities 384.6 386.8 391.3
4 Trading account 21.7 22.9 23.0
5 Investment account 362.9 363.9 368.3
6 Other securities 216.4 220.4 219.7
7 Trading account 86.0 88.7 87.9
8 Investment account 130.4 131.7 131.8
9 State and local government 27.0 27.0 26.8
10 Other 103.4 104.7 105.0
11 Loans and leases in bank credit(2) 2,032.1 2,030.5 2,035.9
12 Commercial and industrial 601.6 604.8 604.3
13 Bankers acceptances 1.0 1.0 1.0
14 Other 600.5 603.8 603.3
15 Real estate 814.6 815.6 817.6
16 Revolving home equity 79.3 79.3 79.7
17 Other 735.3 736.3 737.9
18 Consumer 299.9 297.8 298.5
19 Security(3) 72.5 70.6 73.9
20 Federal funds sold to and
repurchase agreements
with broker-dealers 48.4 46.6 51.0
21 Other 24.1 24.0 22.9
22 State and local government 12.3 12.4 12.4
23 Agricultural 10.0 10.0 10.1
24 Federal funds sold to and
repurchase agreements
with others 11.1 10.8 11.6
25 All other loans 79.7 78.5 78.1
26 Lease-financing receivables 130.3 130.0 129.4
27 Interbank loans 144.7 142.3 150.2
28 Federal funds sold to and
repurchase agreements with
commercial banks 70.9 68.8 75.3
29 Other 73.8 73.6 74.9
30 Cash assets(4) 169.8 144.4 162.7
31 Other assets(5) 266.3 269.1 282.4
32 Total assets(6) 3,175.9 3,155.4 3,204.1
Liabilities
33 Deposits 1,741.4 1,732.2 1,741.7
34 Transaction 332.3 324.2 344.6
35 Nontransaction 1,409.1 1,408.0 1,397.1
36 Large time 263.5 268.1 264.3
37 Other 1,145.6 1,139.8 1,132.9
38 Borrowings 734.1 723.1 749.9
39 From banks in the U.S. 259.6 261.5 263.5
40 From others 474.5 461.6 486.4
41 Net due to related foreign offices 202.5 209.0 197.3
42 Other liabilities 185.3 187.4 184.9
43 Total liabilities 2,863.3 2,851.6 2,873.7
44 Residual (assets less liabilities)(7) 312.6 303.8 330.4
Not seasonally adjusted
Assets
45 Bank credit 2,637.8 2,643.7 2,643.5
46 Securities in bank credit 608.4 614.3 616.9
47 U.S. government securities 390.8 393.4 396.8
48 Trading account 21.7 23.9 23.5
49 Investment account 369.1 369.5 373.2
50 Mortgage-backed securities 240.7 241.6 245.7
51 Other 128.4 127.9 127.6
52 One year or less 29.4 29.6 30.2
53 One to five years 58.8 58.0 57.6
54 More than five years 40.2 40.4 39.8
55 Other securities 217.7 221.0 220.1
56 Trading account 86.0 88.7 87.9
57 Investment account 131.7 132.3 132.1
58 State and local government 27.1 27.1 26.9
59 Other 104.6 105.2 105.2
60 Loans and leases in bank credit(2) 2,029.4 2,029.4 2,026.6
61 Commercial and industrial 599.3 603.3 602.2
62 Bankers acceptances 1.0 1.0 1.0
63 Other 598.2 602.3 601.2
64 Real estate 816.8 815.3 812.2
65 Revolving home equity 79.0 78.9 79.1
66 Other 453.7 451.8 448.3
67 Commercial 284.1 284.6 284.8
68 Consumer 301.2 298.5 298.4
69 Security(3) 69.6 69.9 72.9
70 Federal funds sold to and
repurchase agreements
with broker-dealers 47.5 47.2 50.5
71 Other 22.2 22.7 22.4
72 State and local government 12.3 12.4 12.4
73 Agricultural 9.7 9.7 9.7
74 Federal funds sold to and
repurchase agreements
with others 11.1 10.8 11.6
75 All other loans 77.5 78.0 76.4
76 Lease-financing receivables 131.8 131.5 130.8
77 Interbank loans 142.9 144.1 147.8
78 Federal funds sold to and
repurchase agreements
with commercial banks 71.1 71.0 73.3
79 Other 71.8 73.0 74.5
80 Cash assets(4) 157.0 152.4 171.0
81 Other assets(5) 262.2 266.5 276.9
82 Total assets(6) 3,161.9 3,168.7 3,201.4
Liabilities
83 Deposits 1,728.5 1,734.9 1,729.5
84 Transaction 318.4 328.0 339.1
85 Nontransaction 1,410.1 1,406.9 1,390.4
86 Large time 266.7 271.4 266.0
87 Other 1,143.4 1,135.6 1,124.4
88 Borrowings 737.3 730.5 750.2
89 From banks in the U.S. 260.2 263.9 263.9
90 From nonbanks in the U.S. 477.1 466.7 486.3
91 Net due to related foreign offices 210.1 215.6 218.6
92 Other liabilities 185.3 187.4 184.9
93 Total liabilities 2,861.3 2,868.5 2,883.2
94 Residual (assets less liabilities)(7) 300.6 300.3 318.2
MEMO
95 Revaluation gains on off-balance-
sheet items(8) 63.6 67.9 66.3
96 Revaluation losses on off-balance-
sheet items(8) 63.3 67.7 66.0
97 Mortgage-backed securities(9) 276.2 276.9 280.4
98 Pass-through securities 187.8 188.8 192.4
99 CMOs, REMICs, and other
mortgage-backed securities 88.4 88.2 88.0
100 Net unrealized gains (losses) on
available-for-sale securities(10) -7.8 -7.9 -7.8
101 Offshore credit to U.S. residents(11) 23.2 23.8 23.9
D. Small domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 1999 1999(r)
Feb. Aug. Sept.
Seasonally adjusted
Assets
1 Bank credit 1,472.8 1,549.8 1,563.1
2 Securities in bank credit 430.7 455.0 456.7
3 U.S. government securities 320.9 336.8 338.5
4 Other securities 109.9 118.2 118.2
5 Loans and leases in bank credit(2) 1,042.1 1,094.7 1,106.4
6 Commercial and industrial 190.8 203.6 206.4
7 Real estate 587.5 624.3 629.3
8 Revolving home equity 28.7 30.2 30.3
9 Other 558.7 594.1 599.0
10 Consumer 189.5 194.5 197.4
11 Security(3) 5.3 4.9 4.9
12 Other loans and leases 69.1 67.4 68.4
13 Interbank loans 60.7 50.9 48.7
14 Cash assets(4) 67.1 70.8 71.4
15 Other assets(5) 69.6 78.3 78.0
16 Total assets(6) 1,651.4 1,730.1 1,741.3
Liabilities
17 Deposits 1,331.0 1,365.7 1,367.7
18 Transaction 278.7 282.2 279.4
19 Nontransaction 1,052.3 1,083.5 1,088.3
20 Large time 189.3 196.2 197.4
21 Other 863.0 887.3 890.9
22 Borrowings 171.7 199.7 204.5
23 From banks in the U.S. 79.7 92.7 93.0
24 From others 92.0 106.9 111.6
25 Net due to related foreign offices 3.2 3.5 3.4
26 Other liabilities 28.7 32.6 33.7
27 Total liabilities 1,534.6 1,601.4 1,609.3
28 Residual (assets less liabilities)(7) 116.8 128.7 132.0
Not seasonally adjusted
Assets
29 Bank credit 1,462.1 1,551.9 1,566.3
30 Securities in bank credit 428.5 453.4 454.3
31 U.S. government securities 319.3 335.0 336.6
32 Other securities 109.2 118.4 117.7
33 Loans and leases in bank credit(2) 1,033.6 1,098.5 1,112.0
34 Commercial and industrial 190.4 202.3 205.3
35 Real estate 582.7 626.4 632.7
36 Revolving home equity 28.6 30.1 30.5
37 Other 554.0 596.3 602.1
38 Consumer 188.9 195.1 198.5
39 Security(3) 5.3 4.9 4.9
40 Other loans and leases 66.3 69.7 70.6
41 Interbank loans 60.7 48.4 47.5
42 Cash assets(4) 68.1 67.6 70.1
43 Other assets(5) 68.4 79.0 78.4
44 Total assets(6) 1,640.3 1,727.2 1,742.4
Liabilities
45 Deposits 1,313.4 1,364.3 1,370.8
46 Transaction 276.9 275.3 276.5
47 Nontransaction 1,036.5 1,089.0 1,094.3
48 Large time 189.3 196.2 197.4
49 Other 847.2 892.8 896.8
50 Borrowings 169.1 199.7 207.2
51 From banks in the U.S. 78.5 92.0 93.4
52 From others 90.6 107.7 113.7
53 Net due to related foreign offices 3.2 3.5 3.4
54 Other liabilities 29.5 32.4 33.0
55 Total liabilities 1,515.3 1,599.8 1,614.4
56 Residual (assets less liabilities)(7) 125.0 127.4 128.1
MEMO
57 Mortgage-backed securities(9) 55.6 65.1 65.5
Monthly averages
Account 1999(r)
Oct. Nov. Dec.
Seasonally adjusted
Assets
1 Bank credit 1,585.2 1,588.6 1,599.8
2 Securities in bank credit 459.0 453.4 451.2
3 U.S. government securities 339.8 333.9 330.0
4 Other securities 119.3 119.5 121.2
5 Loans and leases in bank credit(2) 1,126.2 1,135.2 1,148.6
6 Commercial and industrial 212.6 214.7 216.5
7 Real estate 642.5 648.4 654.4
8 Revolving home equity 31.0 31.3 31.8
9 Other 611.5 617.2 622.6
10 Consumer 197.2 196.7 201.5
11 Security(3) 5.0 5.5 5.4
12 Other loans and leases 69.0 69.8 70.9
13 Interbank loans 47.2 52.3 53.6
14 Cash assets(4) 70.9 72.0 75.4
15 Other assets(5) 82.2 81.4 82.6
16 Total assets(6) 1,765.7 1,774.2 1,791.0
Liabilities
17 Deposits 1,389.3 1,399.6 1,417.0
18 Transaction 279.7 277.0 276.0
19 Nontransaction 1,109.6 1,122.6 1,141.1
20 Large time 204.0 207.9 209.9
21 Other 905.6 914.7 931.1
22 Borrowings 200.7 199.3 206.1
23 From banks in the U.S. 87.0 84.9 84.1
24 From others 113.8 114.4 122.0
25 Net due to related foreign offices 4.3 4.5 4.5
26 Other liabilities 35.0 34.7 35.1
27 Total liabilities 1,629.3 1,638.2 1,662.6
28 Residual (assets less liabilities)(7) 136.4 136.0 128.3
Not seasonally adjusted
Assets
29 Bank credit 1,584.0 1,585.5 1,597.8
30 Securities in bank credit 455.9 451.2 451.0
31 U.S. government securities 336.8 331.6 330.1
32 Other securities 119.1 119.6 120.9
33 Loans and leases in bank credit(2) 1,128.1 1,134.4 1,146.8
34 Commercial and industrial 211.1 213.2 215.5
35 Real estate 644.0 648.9 652.6
36 Revolving home equity 31.2 31.6 32.0
37 Other 612.7 617.4 620.5
38 Consumer 197.8 197.2 203.2
39 Security(3) 5.0 5.5 5.4
40 Other loans and leases 70.2 69.6 70.1
41 Interbank loans 48.3 58.4 57.7
42 Cash assets(4) 70.1 74.2 79.0
43 Other assets(5) 82.2 83.1 82.5
44 Total assets(6) 1,764.8 1,781.3 1,796.7
Liabilities
45 Deposits 1,393.1 1,412.3 1,421.6
46 Transaction 276.6 280.7 286.4
47 Nontransaction 1,116.5 1,131.6 1,135.2
48 Large time 204.0 207.9 209.9
49 Other 912.5 923.7 925.3
50 Borrowings 203.6 201.6 208.0
51 From banks in the U.S. 88.9 86.6 86.1
52 From others 114.7 115.0 121.9
53 Net due to related foreign offices 4.3 4.5 4.5
54 Other liabilities 34.1 34.0 34.4
55 Total liabilities 1,635.0 1,652.4 1,668.6
56 Residual (assets less liabilities)(7) 129.7 128.9 128.1
MEMO
57 Mortgage-backed securities(9) 67.3 66.0 65.6
Wed-
Monthly nesday
averages figures
Account 2000 2000
Jan.(r) Feb. Feb. 2
Seasonally adjusted
Assets
1 Bank credit 1,615.3 1,632.0 1,618.9
2 Securities in bank credit 454.3 458.4 455.0
3 U.S. government securities 334.4 339.1 335.7
4 Other securities 119.9 119.3 119.3
5 Loans and leases in bank credit(2) 1,161.0 1,173.7 1,164.0
6 Commercial and industrial 219.3 221.8 220.9
7 Real estate 660.9 669.9 663.8
8 Revolving home equity 32.5 33.1 32.7
9 Other 628.4 636.9 631.1
10 Consumer 204.3 205.1 203.0
11 Security(3) 5.2 5.3 5.2
12 Other loans and leases 71.2 71.5 71.1
13 Interbank loans 52.5 55.4 53.7
14 Cash assets(4) 69.0 68.2 68.1
15 Other assets(5) 86.9 84.2 84.7
16 Total assets(6) 1,803.1 1,819.1 1,804.8
Liabilities
17 Deposits 1,427.1 1,444.2 1,433.3
18 Transaction 273.9 275.6 271.5
19 Nontransaction 1,153.2 1,168.6 1,161.8
20 Large time 211.4 215.4 213.1
21 Other 941.8 953.2 948.7
22 Borrowings 213.2 216.2 211.6
23 From banks in the U.S. 85.9 86.6 85.5
24 From others 127.2 129.6 126.1
25 Net due to related foreign offices 5.1 5.2 5.3
26 Other liabilities 33.6 35.8 35.2
27 Total liabilities 1,678.9 1,701.4 1,685.4
28 Residual (assets less liabilities)(7) 124.2 117.7 119.3
Not seasonally adjusted
Assets
29 Bank credit 1,608.3 1,620.6 1,610.0
30 Securities in bank credit 453.8 456.3 453.2
31 U.S. government securities 334.0 337.6 334.2
32 Other securities 119.8 118.7 119.0
33 Loans and leases in bank credit(2) 1,154.5 1,164.3 1,156.7
34 Commercial and industrial 218.5 221.4 220.3
35 Real estate 656.8 664.8 659.5
36 Revolving home equity 32.5 33.0 32.7
37 Other 624.4 631.8 626.8
38 Consumer 205.0 204.2 203.4
39 Security(3) 5.2 5.3 5.2
40 Other loans and leases 69.0 68.6 68.4
41 Interbank loans 52.4 55.1 53.2
42 Cash assets(4) 72.1 69.2 68.9
43 Other assets(5) 83.4 82.7 83.4
44 Total assets(6) 1,795.6 1,807.0 1,794.9
Liabilities
45 Deposits 1,418.9 1,426.6 1,420.0
46 Transaction 277.9 274.0 271.8
47 Nontransaction 1,140.9 1,152.7 1,148.2
48 Large time 211.4 215.4 213.1
49 Other 929.6 937.3 935.2
50 Borrowings 213.4 213.2 212.1
51 From banks in the U.S. 86.7 85.4 85.8
52 From others 126.7 127.8 126.2
53 Net due to related foreign offices 5.1 5.2 5.3
54 Other liabilities 34.2 36.8 36.1
55 Total liabilities 1,671.5 1,681.8 1,673.5
56 Residual (assets less liabilities)(7) 124.1 125.2 121.4
MEMO
57 Mortgage-backed securities(9) 67.8 69.2 68.2
Wednesday figures
Account 2000
Feb. 9 Feb. 16 Feb. 23
Seasonally adjusted
Assets
1 Bank credit 1,623.6 1,631.8 1,636.2
2 Securities in bank credit 456.7 457.5 459.9
3 U.S. government securities 337.5 338.6 340.2
4 Other securities 119.2 118.9 119.7
5 Loans and leases in bank credit(2) 1,166.9 1,174.3 1,176.4
6 Commercial and industrial 220.7 221.9 222.4
7 Real estate 666.5 669.5 671.7
8 Revolving home equity 32.8 33.0 33.3
9 Other 633.6 636.5 638.4
10 Consumer 203.3 205.8 205.9
11 Security(3) 5.3 5.3 5.2
12 Other loans and leases 71.2 71.9 71.2
13 Interbank loans 55.5 56.1 55.4
14 Cash assets(4) 68.2 64.2 70.1
15 Other assets(5) 84.6 82.6 84.9
16 Total assets(6) 1,811.1 1,814.0 1,825.9
Liabilities
17 Deposits 1,437.4 1,439.9 1,450.2
18 Transaction 271.5 272.4 283.6
19 Nontransaction 1,165.9 1,167.6 1,166.6
20 Large time 214.1 215.7 216.1
21 Other 951.8 951.9 950.6
22 Borrowings 213.6 212.6 218.4
23 From banks in the U.S. 84.5 85.6 85.8
24 From others 129.2 127.1 132.6
25 Net due to related foreign offices 5.1 4.9 5.5
26 Other liabilities 35.8 36.7 36.4
27 Total liabilities 1,691.9 1,694.3 1,710.6
28 Residual (assets less liabilities)(7) 119.2 119.7 115.3
Not seasonally adjusted
Assets
29 Bank credit 1,613.1 1,619.6 1,623.6
30 Securities in bank credit 455.3 455.0 457.4
31 U.S. government securities 336.6 336.8 338.5
32 Other securities 118.6 118.3 119.0
33 Loans and leases in bank credit(2) 1,157.9 1,164.6 1,166.2
34 Commercial and industrial 220.0 221.3 222.0
35 Real estate 661.6 664.1 666.1
36 Revolving home equity 32.8 32.9 33.1
37 Other 628.8 631.2 633.0
38 Consumer 202.8 205.0 204.8
39 Security(3) 5.3 5.3 5.2
40 Other loans and leases 68.1 68.9 68.1
41 Interbank loans 55.9 55.6 52.6
42 Cash assets(4) 65.9 66.8 72.6
43 Other assets(5) 81.9 81.4 83.7
44 Total assets(6) 1,796.3 1,802.7 1,811.8
Liabilities
45 Deposits 1,419.7 1,423.2 1,428.7
46 Transaction 267.9 272.2 280.1
47 Nontransaction 1,151.8 1,151.0 1,148.6
48 Large time 214.1 215.7 216.1
49 Other 937.7 935.3 932.5
50 Borrowings 209.7 210.9 215.4
51 From banks in the U.S. 82.9 84.8 84.8
52 From others 126.9 126.1 130.7
53 Net due to related foreign offices 5.1 4.9 5.5
54 Other liabilities 37.0 37.6 37.3
55 Total liabilities 1,671.5 1,676.6 1,686.9
56 Residual (assets less liabilities)(7) 124.8 126.1 124.9
MEMO
57 Mortgage-backed securities(9) 68.7 68.8 69.4
E. Foreign-related institutions
Billions of dollars
Monthly averages
Account 1999 1999(r)
Feb. Aug. Sept.
Seasonally adjusted
Assets
1 Bank credit 564.2 523.8 519.0
2 Securities in bank credit 202.1 190.0 189.4
3 U.S. government securities 84.7 84.0 81.6
4 Other securities 117.4 106.0 107.8
5 Loans and leases in bank credit(2) 362.1 333.8 329.6
6 Commercial and industrial 210.9 195.3 197.1
7 Real estate 20.8 17.5 17.5
8 Security(3) 59.6 55.0 51.4
9 Other loans and leases 70.7 66.0 63.6
10 Interbank loans 31.5 25.7 22.9
11 Cash assets(4) 34.7 39.5 42.4
12 Other assets(5) 37.4 29.0 29.3
13 Total assets(6) 667.5 617.7 613.4
Liabilities
14 Deposits 322.4 309.0 310.8
15 Transaction 11.8 11.0 10.8
16 Nontransaction 310.5 298.0 299.9
17 Borrowings 182.7 174.6 171.2
18 From banks in the U.S. 18.1 23.5 25.1
19 From others 164.7 151.0 146.1
20 Net due to related foreign offices 89.3 72.0 66.1
21 Other liabilities 70.1 61.5 64.4
22 Total liabilities 664.5 617.1 612.5
23 Residual (assets less liabilities)(7) 3.0 .6 .8
Not seasonally adjusted
Assets
24 Bank credit 567.8 520.0 518.1
25 Securities in bank credit 203.7 188.7 188.7
26 U.S. government securities 85.1 83.0 80.7
27 Trading account 20.0 16.5 14.9
28 Investment account 65.1 66.5 65.9
29 Other securities 118.6 105.7 108.0
30 Trading account 70.8 64.9 69.3
31 Investment account 47.8 40.9 38.7
32 Loans and leases in bank credit(2) 364.1 331.3 329.4
33 Commercial and industrial 212.8 193.6 196.7
34 Real estate 21.2 17.4 17.5
35 Security(3) 59.3 55.0 51.6
36 Other loans and leases 70.9 65.2 63.6
37 Interbank loans 31.5 25.7 22.9
38 Cash assets(4) 34.0 39.1 42.1
39 Other assets(5) 38.5 29.6 29.7
40 Total assets(6) 671.5 614.2 612.6
Liabilities
41 Deposits 321.1 306.4 310.3
42 Transaction 11.6 10.9 11.3
43 Nontransaction 309.5 295.5 299.0
44 Borrowings 182.7 174.6 171.2
45 From banks in the U.S. 18.1 23.5 25.1
46 From others 164.7 151.0 146.1
47 Net due to related foreign offices 92.8 69.9 64.6
48 Other liabilities 71.7 61.7 64.0
49 Total liabilities 668.4 612.5 610.1
50 Residual (assets less
liabilities)(7) 3.2 1.7 2.4
MEMO
51 Revaluation gains on off-balance-
sheet items(8) 42.4 38.1 38.4
52 Revaluation losses on off-balance-
sheet items(8) 40.7 36.3 37.4
Monthly averages
Account 1999(r)
Oct. Nov. Dec.
Seasonally adjusted
Assets
1 Bank credit 529.7 548.2 555.9
2 Securities in bank credit 195.3 198.9 206.6
3 U.S. government securities 82.4 79.5 81.6
4 Other securities 112.8 119.4 125.0
5 Loans and leases in bank credit(2) 334.4 349.2 349.2
6 Commercial and industrial 198.8 199.9 194.6
7 Real estate 17.4 17.0 16.9
8 Security(3) 54.9 65.3 67.0
9 Other loans and leases 63.3 67.0 70.7
10 Interbank loans 25.5 25.2 28.3
11 Cash assets(4) 44.9 51.1 55.4
12 Other assets(5) 31.6 34.5 37.2
13 Total assets(6) 631.4 658.7 676.4
Liabilities
14 Deposits 328.9 358.2 377.9
15 Transaction 10.6 10.5 10.7
16 Nontransaction 318.2 347.7 367.2
17 Borrowings 176.9 186.8 181.7
18 From banks in the U.S. 21.9 26.0 24.5
19 From others 155.1 160.8 157.2
20 Net due to related foreign offices 53.5 44.0 39.0
21 Other liabilities 65.5 66.8 70.1
22 Total liabilities 624.8 655.8 668.7
23 Residual (assets less liabilities)(7) 6.6 2.9 7.7
Not seasonally adjusted
Assets
24 Bank credit 533.6 551.3 559.1
25 Securities in bank credit 197.9 202.0 205.7
26 U.S. government securities 82.4 79.9 81.9
27 Trading account 14.3 8.5 6.7
28 Investment account 68.0 71.5 75.2
29 Other securities 115.6 122.1 123.8
30 Trading account 69.3 80.7 80.6
31 Investment account 46.2 41.5 43.2
32 Loans and leases in bank credit(2) 335.7 349.2 353.3
33 Commercial and industrial 199.9 201.2 197.3
34 Real estate 17.6 17.1 16.9
35 Security(3) 54.6 64.5 67.5
36 Other loans and leases 63.6 66.4 71.6
37 Interbank loans 25.5 25.2 28.3
38 Cash assets(4) 45.5 51.8 57.7
39 Other assets(5) 31.5 34.6 38.7
40 Total assets(6) 635.8 662.7 683.4
Liabilities
41 Deposits 328.9 357.7 382.3
42 Transaction 10.6 10.4 11.1
43 Nontransaction 318.3 347.2 371.2
44 Borrowings 176.9 186.8 181.7
45 From banks in the U.S. 21.9 26.0 24.5
46 From others 155.1 160.8 157.2
47 Net due to related foreign offices 55.3 46.7 44.2
48 Other liabilities 64.8 67.7 71.5
49 Total liabilities 626.0 658.8 679.6
50 Residual (assets less
liabilities)(7) 9.8 3.9 3.8
MEMO
51 Revaluation gains on off-balance-
sheet items(8) 39.2 40.1 39.4
52 Revaluation losses on off-balance-
sheet items(8) 37.8 39.1 38.4
Monthly Wed-
averages nesday
figures
Account 2000 2000
Jan.(r) Feb. Feb. 2
Seasonally adjusted
Assets
1 Bank credit 546.9 537.4 541.0
2 Securities in bank credit 198.6 186.8 192.5
3 U.S. government securities 79.2 73.1 77.1
4 Other securities 119.5 113.7 115.4
5 Loans and leases in bank credit(2) 348.3 350.6 348.5
6 Commercial and industrial 194.3 197.1 195.4
7 Real estate 17.0 17.3 17.4
8 Security(3) 66.9 66.7 66.6
9 Other loans and leases 70.0 69.5 69.2
10 Interbank loans 29.4 33.3 32.4
11 Cash assets(4) 53.8 51.8 49.3
12 Other assets(5) 39.2 38.5 39.4
13 Total assets(6) 669.0 660.7 661.9
Liabilities
14 Deposits 386.1 384.2 384.7
15 Transaction 10.4 10.7 10.9
16 Nontransaction 375.7 373.5 373.8
17 Borrowings 181.6 177.6 182.7
18 From banks in the U.S. 22.1 20.5 22.6
19 From others 159.6 157.1 160.1
20 Net due to related foreign offices 33.5 23.7 25.2
21 Other liabilities 69.3 71.0 73.2
22 Total liabilities 670.5 656.4 665.8
23 Residual (assets less liabilities)(7) -1.5 4.3 -3.9
Not seasonally adjusted
Assets
24 Bank credit 550.4 540.5 546.1
25 Securities in bank credit 199.1 188.4 195.0
26 U.S. government securities 78.9 73.5 77.3
27 Trading account 7.5 7.3 9.3
28 Investment account 71.4 66.3 68.0
29 Other securities 120.3 114.9 117.7
30 Trading account 76.0 73.1 73.8
31 Investment account 44.3 41.8 43.9
32 Loans and leases in bank credit(2) 351.3 352.1 351.2
33 Commercial and industrial 196.0 198.7 196.4
34 Real estate 17.2 17.6 17.6
35 Security(3) 66.9 66.2 66.8
36 Other loans and leases 71.2 69.6 70.4
37 Interbank loans 29.4 33.3 32.4
38 Cash assets(4) 54.5 50.7 49.0
39 Other assets(5) 39.5 39.5 40.0
40 Total assets(6) 673.5 663.7 667.2
Liabilities
41 Deposits 382.9 383.0 381.3
42 Transaction 10.4 10.5 10.8
43 Nontransaction 372.4 372.5 370.5
44 Borrowings 181.6 177.6 182.7
45 From banks in the U.S. 22.1 20.5 22.6
46 From others 159.6 157.1 160.1
47 Net due to related foreign offices 35.3 26.5 25.0
48 Other liabilities 69.5 72.6 74.1
49 Total liabilities 669.4 659.7 663.1
50 Residual (assets less
liabilities)(7) 4.1 4.0 4.1
MEMO
51 Revaluation gains on off-balance-
sheet items(8) 38.0 39.4 41.1
52 Revaluation losses on off-balance-
sheet items(8) 37.5 39.8 41.8
Wednesday figures
Account 2000
Feb. 9 Feb. 16 Feb. 23
Seasonally adjusted
Assets
1 Bank credit 536.1 532.3 535.3
2 Securities in bank credit 187.6 183.9 185.3
3 U.S. government securities 74.7 71.8 71.5
4 Other securities 113.0 112.1 113.8
5 Loans and leases in bank credit(2) 348.5 348.4 350.0
6 Commercial and industrial 196.0 196.3 198.2
7 Real estate 17.2 17.2 17.3
8 Security(3) 65.5 65.5 64.4
9 Other loans and leases 69.8 69.4 70.1
10 Interbank loans 32.0 37.0 33.9
11 Cash assets(4) 51.5 51.8 53.0
12 Other assets(5) 38.7 38.2 38.8
13 Total assets(6) 658.1 659.0 660.7
Liabilities
14 Deposits 382.1 386.5 383.4
15 Transaction 11.0 10.6 10.6
16 Nontransaction 371.2 375.9 372.8
17 Borrowings 177.2 173.0 176.4
18 From banks in the U.S. 20.7 20.1 19.9
19 From others 156.5 153.0 156.4
20 Net due to related foreign offices 27.1 26.2 19.4
21 Other liabilities 70.4 70.8 70.6
22 Total liabilities 656.8 656.6 649.7
23 Residual (assets less liabilities)(7) 1.3 2.5 11.0
Not seasonally adjusted
Assets
24 Bank credit 540.0 535.8 535.2
25 Securities in bank credit 189.9 185.6 185.3
26 U.S. government securities 75.3 72.0 71.9
27 Trading account 7.8 6.3 6.6
28 Investment account 67.5 65.8 65.3
29 Other securities 114.6 113.5 113.4
30 Trading account 72.6 71.9 72.1
31 Investment account 42.0 41.6 41.3
32 Loans and leases in bank credit(2) 350.0 350.2 349.9
33 Commercial and industrial 197.2 198.7 199.4
34 Real estate 17.5 17.5 17.7
35 Security(3) 64.8 64.3 63.4
36 Other loans and leases 70.5 69.7 69.4
37 Interbank loans 32.0 37.0 33.9
38 Cash assets(4) 50.6 51.0 51.4
39 Other assets(5) 40.0 39.0 39.4
40 Total assets(6) 662.3 662.5 659.6
Liabilities
41 Deposits 380.1 383.4 383.0
42 Transaction 10.5 10.5 10.5
43 Nontransaction 369.5 372.9 372.5
44 Borrowings 177.2 173.0 176.4
45 From banks in the U.S. 20.7 20.1 19.9
46 From others 156.5 153.0 156.4
47 Net due to related foreign offices 28.9 29.6 24.3
48 Other liabilities 72.1 72.6 72.2
49 Total liabilities 658.2 658.6 655.8
50 Residual (assets less
liabilities)(7) 4.1 3.9 3.9
MEMO
51 Revaluation gains on off-balance-
sheet items(8) 39.1 39.2 38.5
52 Revaluation losses on off-balance-
sheet items(8) 39.8 39.6 38.9
NOTE. Tables 1.26, 1.27, and 1.28 have been revised to reflect
changes in the Board's H.8 statistical release, "Assets and
Liabilities of Commercial Banks in the United States." Table 1.27,
"Assets and Liabilities of Large Weekly Reporting Commercial Banks,"
and table 1.28, "Large Weekly Reporting U.S. Branches and Agencies of
Foreign Banks," are no longer being published in the Bulletin.
Instead, abbreviated balance sheets for both large and small
domestically chartered banks have been included in table 1.26, parts
C and D. Data are both merger-adjusted and break-adjusted. In
addition, data from large weekly reporting U.S. branches and agencies
of foreign banks have been replaced by balance sheet estimates of all
foreign-related institutions and are included in table 1.26, part E.
These data are break-adjusted.
The not-seasonally-adjusted data for all tables now contain
additional balance sheet items, which were available as of
October 2, 1996.
(1.) Covers the following types of institutions in the fifty
states and the District of Columbia: domestically chartered
commercial banks that submit a weekly report of condition (large
domestic); other domestically chartered commercial banks (small
domestic); branches and agencies of foreign banks, and Edge Act and
agreement corporations (foreign-related institutions). Excludes
International Banking Facilities. Data are Wednesday values or pro
rata averages of Wednesday values. Large domestic banks constitute a
universe; data for small domestic banks and foreign-related
institutions are estimates based on weekly samples and on quarter-end
condition reports. Data are adjusted for breaks caused by
reclassifications of assets and liabilities.
The data for large and small domestic banks presented on pp. A17-19
are adjusted to remove the estimated effects of mergers between these
two groups. The adjustment for mergers changes past levels to make
them comparable with current levels. Estimated quantities of balance
sheet items acquired in mergers are removed from past data for the
bank group that contained the acquired bank and put into past data for
the group containing the acquiring bank. Balance sheet data for
acquired banks are obtained from Call Reports, and a ratio procedure
is used to adjust past levels.
(2.) Excludes federal funds sold to, reverse RPs
with, and loans made to commercial banks in the United States, all of
which are included in "Interbank loans."
(3.) Consists of reverse RPs with brokers and dealers and loans to
purchase and carry securities.
(4.) Includes vault cash, cash items in process of collection, balances
due from depository institutions, and balances due from Federal
Reserve Banks.
(5.) Excludes the due-from position with related foreign
offices, which is included in "Net due to related foreign offices."
(6.) Excludes unearned income, reserves for losses on loans and leases,
and reserves for transfer risk. Loans are reported gross of these
items.
(7.) This balancing item is not intended as a measure of equity
capital for use in capital adequacy analysis. On a seasonally
adjusted basis this item reflects any differences in the seasonal
patterns estimated for total assets and total liabilities.
(8.) Fair value of derivative contracts (interest rate, foreign
exchange rate, other commodity and equity contracts) in a gain/loss
position, as determined under FASB Interpretation No. 39.
(9.) Includes mortgage-backed securities issued by U.S. government
agencies, U.S. government-sponsored enterprises, and private entities.
(10.) Difference between fair value and historical cost for securities
classified as available-for-sale under FASB Statement No. 115. Data
are reported net of tax effects. Data shown are restated to include
an estimate of these tax effects.
(11.) Mainly commercial and industrial loans but also includes an
unknown amount of credit extended to other than nonfinancial
businesses.
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) 210,829 229,662 252,536
4 Nonfinancial companies(4) 188,260 184,563 200,857
Year ending 1999
December
Item
1998 1999 Aug.
1 All issuers 1,163,303 1,403,023 1,257,658
Financial companies(1)
2 Dealer-placed paper, total(2) 614,142 786,643 710,320
3 Directly placed paper, total(3) 322,030 337,240 290,228
4 Nonfinancial companies(4) 227,132 279,140 257,110
1999
Item
Sept. Oct. Nov.
1 All issuers 1,274,726 1,321,163 1,369,100
Financial companies(1)
2 Dealer-placed paper, total(2) 718,380 751,245 802,194
3 Directly placed paper, total(3) 293,381 296,998 299,777
4 Nonfinancial companies(4) 262,965 272,920 267,128
1999 2000
Item
Dec. Jan.
1 All issuers 1,403,023 1,407,789
Financial companies(1)
2 Dealer-placed paper, total(2) 786,643 821,870
3 Directly placed paper, total(3) 337,240 299,595
4 Nonfinancial companies(4) 279,140 286,319
(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
acceptances
held by reporting
banks (included in item 1) 7,770 6,862 4,884 4,261
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
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
(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
1999
Item 1997 1998 1999
Nov.
MONEY MARKET INSTRUMENTS
1 Federal funds(1,2,3) 5.46 5.35 4.97 5.42
2 Discount window borrowing(2,4) 5.00 4.92 4.62 4.86
Commercial paper(3,5,6)
Nonfinancial
3 1-month 5.57 5.40 5.09 5.37
4 2-month 5.57 5.38 5.14 5.82
5 3-month 5.56 5.34 5.18 5.81
Financial
6 1-month 5.59 5.42 5.11 5.38
7 2-month 5.59 5.40 5.16 5.85
8 3-month 5.60 5.37 5.22 5.85
Commercial paper (historical)(3,5,7)
9 1-month 5.54 n.a. n.a. n.a.
10 3-month 5.58 n.a. n.a. n.a.
11 6-month 5.62 n.a. n.a. n.a.
Finance paper, directly placed
(historical)(3,5,8)
12 1-month 5.44 n.a. n.a. n.a.
13 3-month 5.48 n.a. n.a. n.a.
14 6-month 5.48 n.a. n.a. n.a.
Bankers acceptances(3,5,9)
15 3-month 5.54 5.39 5.24 5.94
16 6-month 5.57 5.30 5.30 5.83
Certificates of deposit, secondary
market(3,10)
17 1-month 5.54 5.49 5.19 5.50
18 3-month 5.62 5.47 5.33 6.00
19 6-month 5.73 5.44 5.46 5.97
20 Eurodollar deposits, 3-month(3,11) 5.61 5.45 5.31 5.97
U.S. Treasury bills
Secondary market(3,5)
21 3-month 5.06 4.78 4.64 5.07
22 6-month 5.18 4.83 4.75 5.20
23 1-year 5.32 4.80 4.81 5.24
Auction high(3,5,12)
24 3-month 5.07 4.81 4.66 5.07
25 6-month 5.18 4.85 4.76 5.17
26 1-year 5.36 4.85 4.78 5.17
U.S. TREASURY NOTES AND BONDS
Constant maturities(13)
27 1-year 5.63 5.05 5.08 5.55
28 2-year 5.99 5.13 5.43 5.86
29 3-year 6.10 5.14 5.49 5.92
30 5-year 6.22 5.15 5.55 5.97
31 7-year 6.33 5.28 5.79 6.17
32 10-year 6.35 5.26 5.65 6.03
33 20-year 6.69 5.72 6.20 6.48
34 30-year 6.61 5.58 5.87 6.15
Composite
35 More than 10 years (long-term) 6.67 5.69 6.14 6.42
STATE AND LOCAL NOTES AND BONDS
Moody's series(14)
36 Aaa 5.32 4.93 5.28 5.77
37 Baa 5.50 5.14 5.70 6.23
38 Bond Buyer series(15) 5.52 5.09 5.43 5.86
CORPORATE BONDS
39 Seasoned issues, all industries(16) 7.54 6.87 7.45 7.73
Rating group
40 Aaa 7.27 6.53 7.05 7.36
41 Aa 7.48 6.80 7.36 7.62
42 A 7.54 6.93 7.53 7.79
43 Baa 7.87 7.22 7.88 8.15
MEMO
Dividend-price ratio(17)
44 Common stocks 1.77 1.49 1.25 1.21
1999 2000
Item
Dec. Jan. Feb.
MONEY MARKET INSTRUMENTS
1 Federal funds(1,2,3) 5.30 5.45 5.73
2 Discount window borrowing(2,4) 5.00 5.00 5.24
Commercial paper(3,5,6)
Nonfinancial
3 1-month 5.97 5.59 5.76
4 2-month 5.91 5.67 5.81
5 3-month 5.87 5.74 5.87
Financial
6 1-month 6.02 5.62 5.78
7 2-month 5.95 5.72 5.84
8 3-month 5.93 5.81 5.90
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 6.00 5.88 5.94
16 6-month 5.94 5.99 6.11
Certificates of deposit, secondary
market(3,10)
17 1-month 6.34 5.74 5.83
18 3-month 6.05 5.95 6.01
19 6-month 6.07 6.15 6.26
20 Eurodollar deposits, 3-month(3,11) 6.06 5.94 6.02
U.S. Treasury bills
Secondary market(3,5)
21 3-month 5.20 5.32 5.55
22 6-month 5.44 5.50 5.72
23 1-year 5.51 5.75 5.84
Auction high(3,5,12)
24 3-month 5.23 5.34 5.57
25 6-month 5.43 5.52 5.75
26 1-year 5.35 5.65 5.91
US TREASURY NOTES AND BONDS
Constant maturities(13)
27 1-year 5.84 6.12 6.22
28 2-year 6.10 6.44 6.61
29 3-year 6.14 6.49 6.65
30 5-year 6.19 6.58 6.68
31 7-year 6.38 6.70 6.72
32 10-year 6.28 6.66 6.52
33 20-year 6.69 6.86 6.54
34 30-year 6.35 6.63 6.23
Composite
35 More than 10 years (long-term) 6.63 6.81 6.49
STATE AND LOCAL NOTES AND BONDS
Moody's series(14)
36 Aaa 5.82 5.91 5.88
37 Baa 6.25 6.38 6.35
38 Bond Buyer series(15) 5.95 6.08 6.00
CORPORATE BONDS
39 Seasoned issues, all industries(16) 7.87 8.06 7.96
Rating group
40 Aaa 7.55 7.78 7.68
41 Aa 7.78 7.96 7.82
42 A 7.96 8.15 8.02
43 Baa 8.19 8.33 8.29
MEMO
Dividend-price ratio(17)
44 Common stocks 1.18 1.18(r) 1.21
2000, week ending
Item
Jan. 28 Feb. 4 Feb. 11
MONEY MARKET INSTRUMENTS
1 Federal funds(1,2,3) 5.43 5.66 5.71
2 Discount window borrowing(2,4) 5.00 5.04 5.25
Commercial paper(3,5,6)
Nonfinancial
3 1-month 5.64 5.77 5.75
4 2-month 5.71 5.80 5.80
5 3-month 5.79 5.85 5.86
Financial
6 1-month 5.65 5.79 5.77
7 2-month 5.74 5.82 5.84
8 3-month 5.82 5.88 5.88
Commercial paper (historical)(3,5,7)
9 1-month n.a. n.a. n.a.
10 3-month n.a. n.a. n.a.
11 6-month n.a. n.a. n.a.
Finance paper, directly placed
(historical)(3,5,8)
12 1-month n.a. n.a. n.a.
13 3-month n.a. n.a. n.a.
14 6-month n.a. n.a. n.a.
Bankers acceptances(3,5,9)
15 3-month 5.87 5.94 5.93
16 6-month 5.98 6.05 6.10
Certificates of deposit, secondary
market(3,10)
17 1-month 5.78 5.85 5.82
18 3-month 5.94 6.01 6.01
19 6-month 6.15 6.24 6.25
20 Eurodollar deposits, 3-month(3,11) 5.94 6.03 6.01
U.S. Treasury bills
Secondary market(3,5)
21 3-month 5.41 5.50 5.49
22 6-month 5.55 5.66 5.72
23 1-year 5.78 5.86 5.83
Auction high(3,5,12)
24 3-month 5.39 5.56 5.55
25 6-month 5.52 5.71 5.77
26 1-year n.a. 5.91 n.a.
US TREASURY NOTES AND BONDS
Constant maturities(13)
27 1-year 6.17 6.24 6.20
28 2-year 6.48 6.61 6.68
29 3-year 6.54 6.63 6.74
30 5-year 6.63 6.66 6.76
31 7-year 6.72 6.70 6.80
32 10-year 6.68 6.58 6.62
33 20-year 6.77 6.61 6.60
34 30-year 6.57 6.33 6.30
Composite
35 More than 10 years (long-term) 6.73 6.56 6.56
STATE AND LOCAL NOTES AND BONDS
Moody's series(14)
36 Aaa 5.92 5.89 5.93
37 Baa 6.39 6.37 6.39
38 Bond Buyer series(15) 6.08 6.05 6.02
CORPORATE BONDS
39 Seasoned issues, all industries(16) 7.99 7.92 7.98
Rating group
40 Aaa 7.73 7.65 7.69
41 Aa 7.86 7.78 7.84
42 A 8.08 8.02 8.08
43 Baa 8.29 8.22 8.30
MEMO
Dividend-price ratio(17)
44 Common stocks 1.20 1.19 1.19
2000, week ending
Item
Feb. 18 Feb. 25
MONEY MARKET INSTRUMENTS
1 Federal funds(1,2,3) 5.75 5.72
2 Discount window borrowing(2,4) 5.25 5.25
Commercial paper(3,5,6)
Nonfinancial
3 1-month 5.75 5.76
4 2-month 5.80 5.83
5 3-month 5.86 5.88
Financial
6 1-month 5.77 5.77
7 2-month 5.84 5.87
8 3-month 5.90 5.92
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 5.94 5.96
16 6-month 6.11 6.15
Certificates of deposit, secondary
market(3,10)
17 1-month 5.82 5.82
18 3-month 6.00 6.02
19 6-month 6.25 6.28
20 Eurodollar deposits, 3-month(3,11) 6.00 6.02
U.S. Treasury bills
Secondary market(3,5)
21 3-month 5.55 5.62
22 6-month 5.74 5.74
23 1-year 5.85 5.84
Auction high(3,5,12)
24 3-month 5.51 5.64
25 6-month 5.76 5.77
26 1-year n.a. n.a.
US TREASURY NOTES AND BONDS
Constant maturities(13)
27 1-year 6.23 6.22
28 2-year 6.65 6.54
29 3-year 6.71 6.57
30 5-year 6.74 6.59
31 7-year 6.76 6.63
32 10-year 6.55 6.38
33 20-year 6.55 6.44
34 30-year 6.23 6.13
Composite
35 More than 10 years (long-term) 6.50 6.39
STATE AND LOCAL NOTES AND BONDS
Moody's series(14)
36 Aaa 5.85 5.83
37 Baa 6.34 6.31
38 Bond Buyer series(15) 5.98 5.94
CORPORATE BONDS
39 Seasoned issues, all industries(16) 7.99 7.96
Rating group
40 Aaa 7.70 7.68
41 Aa 7.84 7.82
42 A 8.09 8.04
43 Baa 8.32 8.29
MEMO
Dividend-price ratio(17)
44 Common stocks 1.21 1.24
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' A1 rating. Based
on Thursday figures.
(16.) Daily figures from Moody's Investors Service. Based on yields
to maturity on selected long-term bonds.
(17.) Standard & Poor's corporate series. Common stock ratio is
based on the 500 stocks in the price index.
1.36 STOCK MARKET Selected Statistics
Indicator 1997 1998
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
2 Industrial 574.97 684.35
3 Transportation 415.08 468.61
4 Utility 143.87 190.52
5 Finance 424.84 516.65
6 Standard & Poor's Corporation
(1941-43 = 10)(1) 873.43 1,085.50
7 American Stock Exchange
(Aug. 31, 1973 = 50)(2) 628.34 682.69
Volume of trading (thousands of shares)
8 New York Stock Exchange 523,254 666,534
9 American Stock Exchange 24,390 28,870
Customer financing
(millions of dollars,
end-of-period balances)
10 Margin credit at broker-dealers(3) 126,090 140,980
Free credit balances at brokers(4)
11 Margin accounts(5) 31,410 40,250
12 Cash accounts 52,160 62,450
Margin requirements
(percent of market value
and effective date)(6)
Mar. 11, 1968
13 Margin stocks 70
14 Convertible bonds 50
15 Short sales 70
1999
Indicator 1999
June
Prices and trading
volume (averages of
daily figures)
Common stock prices (indexes)
1 New York Stock Exchange
(Dec 31, 1965 = 50) 619.52 629.53
2 Industrial 775.29 783.96
3 Transportation 491.62 520.66
4 Utility 284.82 241.36
5 Finance 530.97 546.43
6 Standard & Poor's Corporation
(1941-43 = 10)(1) 1,327.33 1,322.55
7 American Stock Exchange
(Aug. 31, 1973 = 50)(2) 770.90 772.01
Volume of trading (thousands of shares)
8 New York Stock Exchange 799,554 723,025
9 American Stock Exchange 32,629 28,806
Customer financing
(millions of dollars,
end-of-period balances)
10 Margin credit at broker-dealers(3) 228,530 176,930
Free credit balances at brokers(4)
11 Margin accounts(5) 55,130 42,865
12 Cash accounts 79,070 64,100
Margin requirements
(percent of market value
and effective date)(6)
June 8, 1968
13 Margin stocks 80
14 Convertible bonds 60
15 Short sales 80
1999
Indicator
July Aug.
Prices and trading
volume (averages of
daily figures)
Common stock prices (indexes)
1 New York Stock Exchange
(Dec 31, 1965 = 50) 648.83 621.03
2 Industrial 809.33 778.82
3 Transportation 528.72 492.13
4 Utility 250.50 241.84
5 Finance 557.92 521.59
6 Standard & Poor's Corporation
(1941-43 = 10)(1) 1,380.99 1,327.49
7 American Stock Exchange
(Aug. 31, 1973 = 50)(2) 803.75 781.33
Volume of trading (thousands of shares)
8 New York Stock Exchange 721,294 709,569
9 American Stock Exchange 25,754 27,795
Customer financing
(millions of dollars,
end-of-period balances)
10 Margin credit at broker-dealers(3) 178,360 176,390
Free credit balances at brokers(4)
11 Margin accounts(5) 44,330 44,230
12 Cash accounts 60,000 62,600
Margin requirements
(percent of market value
and effective date)(6)
May 6, 1970
13 Margin stocks 65
14 Convertible bonds 50
15 Short sales 65
1999
Indicator
Sept. Oct.
Prices and trading
volume (averages of
daily figures)
Common stock prices (indexes)
1 New York Stock Exchange
(Dec 31, 1965 = 50) 607.87 599.04
2 Industrial 769.47 753.94
3 Transportation 462.33 450.13
4 Utility 237.71 285.16
5 Finance 493.37 490.92
6 Standard & Poor's Corporation
(1941-43 = 10)(1) 1,318.17 1.300.01
7 American Stock Exchange
(Aug. 31, 1973 = 50)(2) 788.74 786.96
Volume of trading (thousands of shares)
8 New York Stock Exchange 772,627 882,422
9 American Stock Exchange 32,540 35,762
Customer financing
(millions of dollars,
end-of-period balances)
10 Margin credit at broker-dealers(3) 179,316 182,272
Free credit balances at brokers(4)
11 Margin accounts(5) 47,125 51,040
12 Cash accounts 62,810 61,085
Margin requirements
(percent of market value
and effective date)(6)
Dec. 6, 1971
13 Margin stocks 55
14 Convertible bonds 50
15 Short sales 55
1999
Indicator
Nov. Dec.
Prices and trading
volume (averages of
daily figures)
Common stock prices (indexes)
1 New York Stock Exchange
(Dec 31, 1965 = 50) 634.22 638.17
2 Industrial 791.41 808.28
3 Transportation 474.78 461.04
4 Utility 502.58 511.78
5 Finance 539.20 510.99
6 Standard & Poor's Corporation
(1941-43 = 10)(1) 1,390.99 1,428.68
7 American Stock Exchange
(Aug. 31, 1973 = 50)(2) 819.60 838.24
Volume of trading (thousands of shares)
8 New York Stock Exchange 866,281 884,141
9 American Stock Exchange 33,330 41,076
Customer financing
(millions of dollars,
end-of-period balances)
10 Margin credit at broker-dealers(3) 206,280 228,530
Free credit balances at brokers(4)
11 Margin accounts(5) 49,480 55,130
12 Cash accounts 68,200 79,070
Margin requirements
(percent of market value
and effective date)(6)
Nov. 24, 1972
13 Margin stocks 65
14 Convertible bonds 50
15 Short sales 65
2000
Indicator
Jan. Feb.
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
2 Industrial 814.73 767.08
3 Transportation 456.35 398.69
4 Utility 485.82 482.30
5 Finance 495.23 471.65
6 Standard & Poor's Corporation
(1941-43 = 10)(1) 1,425.59 1,388.88
7 American Stock Exchange
(Aug. 31, 1973 = 50)(2) 878.73 910.00
Volume of trading (thousands of shares)
8 New York Stock Exchange 1,058,021 1,032,791
9 American Stock Exchange 47,530 51,134
Customer financing
(millions of dollars,
end-of-period balances)
10 Margin credit at broker-dealers(3) 243,490 265,210
Free credit balances at brokers(4)
11 Margin accounts(5) 57,800 56,470
12 Cash accounts 75,760 79,700
Margin requirements
(percent of market value
and effective date)(6)
Jan. 3, 1974
13 Margin stocks 50
14 Convertible bonds 50
15 Short sales 50
(1.) In July 1976 a financial group, composed of banks and insurance
companies, was added to the group of stocks on which the index is
based. The index is now based on 400 industrial stocks (formerly 425),
20 transportation (formerly 15 rail), 40 public utility (formerly 60),
and 40 financial.
(2.) On July 5, 1983, the American Stock Exchange rebased its index,
effectively cutting previous readings in half.
(3.) Since July 1983, under the revised Regulation T, margin credit at
broker-dealers has included credit extended against stocks,
convertible bonds, stocks acquired through the exercise of subscription
rights, corporate bonds, and government securities. Separate reporting
of data for margin stocks, convertible bonds, and subscription issues
was discontinued in April 1984.
(4.) Free credit balances are amounts in accounts with no unfulfilled
commitments to brokers and are subject to withdrawal by customers on
demand.
(5.) Series initiated in June 1984.
(6.) Margin requirements, stated in regulations adopted by the Board
of Governors pursuant to the Securities Exchange Act of 1934, limit
the amount of credit that can be used to purchase and carry "margin
securities" (as defined in the regulations) when such credit is
collateralized by securities. Margin requirements on securities are
the difference between the market value (100 percent) and the
maximum loan value of collateral as prescribed by the Board.
Regulation T was adopted effective Oct. 15, 1934; Regulation U,
effective May 1, 1936; Regulation G, effective Mar. 11, 1968; and
Regulation X, effective Nov. 1, 1971.
On Jan. 1, 1977, the Board of Governors for the first time established
in Regulation T the initial margin required for writing options on
securities, setting it at 30 percent of the current market value of
the stock underlying the option. On Sept. 30, 1985, the Board changed
the required initial margin, allowing it to be the same as the option
maintenance margin required by the appropriate exchange or
self-regulatory organization; such maintenance margin rules must be
approved by the Securities and Exchange Commission.
1.38 FEDERAL FISCAL AND FINANCING OPERATIONS
Millions of dollars
Fiscal year
Type of account or operation
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 -88,304
11 Operating cash (decrease, or
increase (-)) 604 4,743 -17,580
12 Other(2) -16,832 -22,778 -18,530
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 1999
Sept. Oct. Nov.
U.S. budget(1)
1 Receipts, total 200,413 121,035 121,375
2 On-budget 161,321 89,009 86,909
3 Off-budget 39,092 32,026 34,466
4 Outlays, total 142,369 147,691 148,407
5 On-budget 107,250 119,495 116,387
6 Off-budget 35,119 28,196 32,020
7 Surplus or deficit (-), total 58,044 -26,656 -27,031
8 On-budget 54,071 -30,486 -29,478
9 Off-budget 3,973 3,830 2,446
Source of financing (total)
10 Borrowing from the public -47,718 5,754 6,132
11 Operating cash (decrease, or
increase (-)) -20,069 8,891 41,488
12 Other(2) 9,743 12,011 -20,589
MEMO
13 Treasury operating balance
(level, end of period) 56,458 47,567 6,079
14 Federal Reserve Banks 6,641 4,527 5,025
15 Tax and loan accounts 49,817 43,040 1,054
Calendar year
Type of account or operation 1999 2000
Dec. Jan. Feb.
U.S. budget(1)
1 Receipts, total 201,196 189,478 108,675
2 On-budget 162,772 143,838 71,090
3 Off-budget 38,424 45,640 37,585
4 Outlays, total 168,114 127,326 150,409
5 On-budget 165,504 97,451 118,340
6 Off-budget 2,611 29,875 32,069
7 Surplus or deficit (-), total 33,081 62,152 -41,734
8 On-budget -2,732 46,387 -47,250
9 Off-budget 35,813 15,765 5,516
Source of financing (total)
10 Borrowing from the public 35,749 -83,985 17,131
11 Operating cash (decrease, or
increase (-)) -77,248 20,592 40,773
12 Other(2) 8,418 1,241 -16,170
MEMO
13 Treasury operating balance
(level, end of period) 83,327 62,735 21,962
14 Federal Reserve Banks 28,402 6,119 5,004
15 Tax and loan accounts 54,925 56,615 16,958
(1.) Since 1990, off-budget items have been the social security trust
funds (federal old-age survivors insurance and federal disability
insurance) and the U.S. Postal Service.
(2.) Includes special drawing rights (SDRs); reserve position on the
U.S. quota in the International Monetary Fund (IMF); loans to the IMF;
other cash and monetary assets; accrued interest payable to the public;
allocations of SDRs; deposit funds; miscellaneous liability (including
checks outstanding) and asset accounts; seigniorage; increment on gold;
net gain or loss for U.S. currency valuation adjustment; net gain or
loss for IMF loan-valuation adjustment; and profit on sale of gold.
SOURCE. Monthly totals: U.S. Department of the Treasury, Monthly
Treasury Statement of Receipts and Outlays of the U.S. Government;
fiscal year totals: U.S. Office of Management and Budget, Budget of
the U.S. Government.
1.39 U.S. BUDGET RECEIPTS AND OUTLAYS(1)
Millions of dollars
Fiscal year Calendar year
Source or type 1998
1998 1999
H1
RECEIPTS
1 All sources 1,721,798 1,827,454 922,630
2 Individual income taxes,
net 828,586 879,480 447,514
3 Withheld 646,483 693,940 316,309
4 Nonwithheld 281,527 308,185 219,136
5 Refunds 99,476 122,706 87,989
Corporation income taxes
6 Gross receipts 213,008 216,324 109,353
7 Refunds 24,593 31,645 14,220
8 Social insurance taxes
and contributions,
net 571,831 611,833 312,713
9 Employment taxes and
contributions(2) 540,014 580,880 293,520
10 Unemployment insurance 27,484 26,480 17,080
11 Other net receipts(3) 4,333 4,473 2,112
12 Excise taxes 57,673 70,414 29,922
13 Customs deposits 18,297 18,336 8,546
14 Estate and gift taxes 24,076 27,782 12,971
15 Miscellaneous receipts(4) 32,658 34,929 15,829
OUTLAYS
16 All types 1,652,552 1,702,940(r) 815,884
17 National defense 268,456 274,873 129,351
18 International affairs 13,109 15,243 4,610
19 General science, space,
and technology 18,219 18,125 9,426
20 Energy 1,270 912 957
21 Natural resources and
environment 22,396 23,970(r) 10,051
22 Agriculture 12,206 23,011 2,387
23 Commerce and housing
credit 1,014 2,649(r) -2,483
24 Transportation 40,332 42,531 16,196
25 Community and regional
development 9,720 11,870 4,863
26 Education, training,
employment, and social
services 54,919 56,402 25,928
27 Health 131,440 141,079 65,053
28 Social security and
Medicare 572,047 580,488 286,305
29 Income security 233,202 237,707 125,196
30 Veterans benefits and
services 41,781 43,212 19,615
31 Administration of justice 22,832 25,924 11,287
32 General government 13,444 15,771(r) 6,139
33 Net interest(5) 243,359 229,735 122,345
34 Undistributed offsetting
receipts(6) -47,194 -40,445 -21,340
Calendar year
Source or type 1998 1999
H2 H1 H2
RECEIPTS
1 All sources 825,057 966,045 892,266(r)
2 Individual income taxes,
net 392,332 481,527 425,451
3 Withheld 339,144 351,068 372,012
4 Nonwithheld 65,204 240,278 68,302
5 Refunds 12,032 109,467 14,841
Corporation income taxes
6 Gross receipts 104,163 106,861 110,111
7 Refunds 14,250 17,092 13,996
8 Social insurance taxes
and contributions,
net 268,466 324,831 292,551
9 Employment taxes and
contributions(2) 256,142 306,235 280,059
10 Unemployment insurance 10,121 16,378 10,173
11 Other net receipts(3) 2,202 2,216 2,319
12 Excise taxes 33,366 31,015 34,262(r)
13 Customs deposits 9,838 8,440 10,287
14 Estate and gift taxes 12,359 14,915 14,001
15 Miscellaneous receipts(4) 18,735 15,140 19,569(r)
OUTLAYS
16 All types 877,414 817,227(r) 882,794(r)
17 National defense 140,196 134,414 149,820
18 International affairs 8,297 6,879 8,530
19 General science, space,
and technology 10,142 9,319 10,089
20 Energy 699 797 -90
21 Natural resources and
environment 12,671 10,351 12,100(r)
22 Agriculture 16,757 9,803 20,887
23 Commerce and housing
credit 4,046 -1,629 7,353(r)
24 Transportation 20,836 17,082 22,971
25 Community and regional
development 6,972 5,368 7,135
26 Education, training,
employment, and social
services 27,762 29,003 27,532
27 Health 67,838 69,320 74,490
28 Social security and
Medicare 316,809 261,146 295,030
29 Income security 109,481 126,552 113,504
30 Veterans benefits and
services 22,750 20,105 23,412
31 Administration of justice 12,041 13,149 13,459
32 General government 9,136 6,641(r) 7,006(r)
33 Net interest(5) 116,954 116,655 112,420
34 Undistributed offsetting
receipts(6) -25,793 -17,724 -22,850
Calendar year
Source or type 1999 2000
Dec. Jan. Feb.
RECEIPTS
1 All sources 201,196 189,478 108,675
2 Individual income taxes,
net 94,535 111,306 45,731
3 Withheld 88,311 65,922 65,868
4 Nonwithheld 7,373 46,556 3,730
5 Refunds 1,149 1,173 23,875
Corporation income taxes
6 Gross receipts 46,486 7,135 4,903
7 Refunds 1,540 1,800 3,126
8 Social insurance taxes
and contributions,
net 48,421 60,484 50,514
9 Employment taxes and
contributions(2) 47,742 58,819 47,859
10 Unemployment insurance 266 1,319 2,280
11 Other net receipts(3) 412 346 376
12 Excise taxes 5,709 5,316 5,076
13 Customs deposits 1,612 1,457 1,212
14 Estate and gift taxes 2,575 2,116 1,768
15 Miscellaneous receipts(4) 3,398 3,464 2,597
OUTLAYS
16 All types 168,114 127,326 150,409
17 National defense 31,261 17,581 22,136
18 International affairs 3,527 1,404 1,366
19 General science, space,
and technology 1,853 1,229 1,569
20 Energy 32 94 -238
21 Natural resources and
environment 2,350 1,490 1,779
22 Agriculture 4,362 4,213 1,896
23 Commerce and housing
credit -696 -1,336 -1,685
24 Transportation 3,858 3,112 2,909
25 Community and regional
development 1,300 270 -23
26 Education, training,
employment, and social
services 5,593 4,788 5,385
27 Health 13,462 11,575 11,567
28 Social security and
Medicare 52,720 45,336 49,858
29 Income security 23,747 16,565 32,110
30 Veterans benefits and
services 5,320 1,991 3,741
31 Administration of justice 2,163 2,224 2,147
32 General government 1,974 490 38
33 Net interest(5) 18,328 19,428 18,884
34 Undistributed offsetting
receipts(6) -3,040 -3,129 -3,030
(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 U.S. Government.
1.40 FEDERAL DEBT SUBJECT TO STATUTORY LIMITATION
Billions of dollars, end of month
1997 1998
Item
Dec. 31 Mar. 31 June 30
1 Federal debt outstanding 5,536 5,573 5,578
2 Public debt securities 5,502 5,542 5,548
3 Held by public 3,847 3,872 3,790
4 Held by agencies 1,656 1,670 1,758
5 Agency securities 34 31 30
6 Held by public 27 26 26
7 Held by agencies 7 5 4
8 Debt subject to statutory limit 5,417 5,457 5,460
9 Public debt securities 5,416 5,456 5,460
10 Other debt(1) 0 0 0
MEMO
11 Statutory debt limit 5,950 5,950 5,950
1998 1999
Item
Sept. 30 Dec. 31 Mar. 31
1 Federal debt outstanding 5,556 5,643 5,681
2 Public debt securities 5,526 5,614 5,652
3 Held by public 3,761 3,787 3,795
4 Held by agencies 1,766 1,827 1,857
5 Agency securities 29 29 29
6 Held by public 26 29 28
7 Held by agencies 4 1 1
8 Debt subject to statutory limit 5,440 5,530 5,566
9 Public debt securities 5,439 5,530 5,566
10 Other debt(1) 0 0 0
MEMO
11 Statutory debt limit 5,950 5,950 5,950
1999
Item
June 30 Sept. 30 Dec. 31
1 Federal debt outstanding 5,668 5,685 29
2 Public debt securities 5,639 5,656 5,776
3 Held by public 3,685 3,667 3,716(r)
4 Held by agencies 1,954 1,989 2,061(r)
5 Agency securities 29 29 29
6 Held by public 28 28 28(r)
7 Held by agencies 1 1 1(r)
8 Debt subject to statutory limit 5,552 5,568 5,687
9 Public debt securities 5,552 5,568 5,687
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(1) n.a. 33.0 50.6
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 182.4 181.2 180.3
14 Government account
series(4) 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(r)
22 State and local
treasuries(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) 665.9 527.9 439.6
1999
Type and holder 1999
Q1 Q2
1 Total gross public debt 5,776.1 5,651.6 5,638.8
By type
2 Interest-bearing 5,766.1 5,643.1 5,629.5
3 Marketable 3,281.0 3,361.3 3,248.5
4 Bills 737.1 725.5 647.8
5 Notes 1,784.5 1,912.0 1,868.5
6 Bonds 643.7 632.5 632.5
7 Inflation-indexed notes
and bonds(1) 68.2 59.2 59.9
8 Nonmarketable(2) 2,485.1 2,281.8 2,381.0
9 State and local
government series 165.7 167.5 172.6
10 Foreign issues(3) 31.3 33.5 30.9
11 Government 31.3 33.5 30.9
12 Public .0 .0 .0
13 Savings bonds and notes 179.4 180.6 180.0
14 Government account
series(4) 2,078.7 1,870.2 1,967.5
15 Non-interest-bearing 10.0 8.5 9.3
By holder(5)
16 U.S. Treasury and other
federal agencies
and trust funds 2,060.6 1,857.1 1,953.6
17 Federal Reserve Banks 477.7 464.5 493.8
18 Private investors 3,234.2 3,327.6 3,199.3
19 Depository institutions n.a. 246.5(r) 240.6(r)
20 Mutual funds n.a. 351.8(r) 335.4(r)
21 Insurance companies n.a. 143.8 142.5(r)
22 State and local
treasuries(6) n.a. 272.5 279.1
Individuals
23 Savings bonds 186.5 186.6 186.6
24 Pension funds n.a. 438.3(r) 449.1(r)
25 Private n.a. 220.0 226.6
26 State and Local n.a. 218.3(r) 222.5(r)
27 Foreign and
international(7) 1,268.7 1,272.1 1,258.6
28 Other miscellaneous
investors(6,8) n.a. 416.6 307.4(r)
1999
Type and holder
Q3 Q4
1 Total gross public debt 5,656.3 5,776.1
By type
2 Interest-bearing 5,647.2 5,766.1
3 Marketable 3,233.0 3,281.0
4 Bills 653.2 737.1
5 Notes 1,828.8 1,784.5
6 Bonds 643.7 643.7
7 Inflation-indexed notes
and bonds(1) 67.6 68.2
8 Nonmarketable(2) 2,414.2 2,485.1
9 State and local
government series 168.1 165.7
10 Foreign issues(3) 31.0 31.3
11 Government 31.0 31.3
12 Public .0 .0
13 Savings bonds and notes 180.0 179.4
14 Government account
series(4) 2,005.2 2,078.7
15 Non-interest-bearing 9.0 10.0
By holder(5)
16 U.S. Treasury and other
federal agencies
and trust funds 1,989.1 2,060.6
17 Federal Reserve Banks 496.5 477.7
18 Private investors 3,175.6 3,234.2
19 Depository institutions 240.6 n.a.
20 Mutual funds 332.6 n.a.
21 Insurance companies 138.2 n.a.
22 State and local
treasuries(6) 271.6 n.a.
Individuals
23 Savings bonds 186.6(r) 186.5
24 Pension funds 444.9 n.a.
25 Private 228.3 n.a.
26 State and Local 216.6 n.a.
27 Foreign and
international(7) 1,281.3 1,268.7
28 Other miscellaneous
investors(6,8) 279.8 n.a.
(1.) The U.S. Treasury first issued inflation-indexed securities during
the first quarter of 1997.
(2.) Includes (not shown separately) securities issued to the Rural
Electrification Administration, depository bonds, retirement plan
bonds, and individual retirement bonds.
(3.) Nonmarketable series denominated in dollars, and series
denominated in foreign currency held by foreigners.
(4.) Held almost entirely by U.S. Treasury and other federal agencies
and trust funds.
(5.) Data for Federal Reserve Banks and U.S. government agencies and
trust funds are actual holdings; data for other groups are Treasury
estimates.
(6.) 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
1999 2000
Item
Nov. Dec. Jan.
OUTRIGHT TRANSACTIONS(2)
By type of security
1 U.S. Treasury bills 33,106(r) 32,152(r) 27,270
Coupon securities, by
maturity
2 Five years or less 100,720(r) 72,670(r) 104,587
3 More than five years 64,919(r) 42,039 68,628
4 Inflation-indexed 750 481 1,548
Federal agency
5 Discount notes 48,014(r) 44,153(r) 47,295
Coupon securities, by
maturity
6 One year or less 794(r) 792 1,496
7 More than one year,
but less than or equal
to five years 5,867(r) 4,356 8,147
8 More than five years 4,039(r) 2,886 7,269
9 Mortgage-backed 55,736 43,291 66,234
By type of counterparty
With interdealer broker
10 U.S. Treasury 104,228(r) 77,166(r) 102,847
11 Federal agency 4,651(r) 3,741(r) 6,092
12 Mortgage-backed 20,443 16,453 25,422
With other
13 U.S. Treasury 95,267(r) 70,174(r) 99,186
14 Federal agency 54,063(r) 48,447(r) 58,115
15 Mortgage-backed 35,294 26,838 40,812
FUTURES TRANSACTIONS(3)
By type of deliverable
security
16 U.S. Treasury bills n.a. n.a. 0
Coupon securities, by
maturity
17 Five years or less 3,292(r) 3,356(r) 3,687
18 More than five years 16,038(r) 12,095(r) 18,119
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 0 0 0
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 1,816(r) 1,045(r) 1,457
27 More than five years 4,759(r) 3,831(r) 5,536
28 Inflation-indexed 0 0 0
Federal agency
29 Discount notes 0 0 0
Coupon securities, by
maturity
30 One year or less 0 0 0
31 More than one year, but
less than or equal to
five years 0 0 0
32 More than five years 0 0 0
33 Mortgage-backed 671 577(r) 647
1999-2000, week ending
Item
Dec. 29 Jan. 5 Jan. 12
OUTRIGHT TRANSACTIONS(2)
By type of security
1 U.S. Treasury bills 34,003 30,830 28,132
Coupon securities, by
maturity
2 Five years or less 37,615 77,282 99,003
3 More than five years 16,996 41,462 64,020
4 Inflation-indexed 318 743 2,950
Federal agency
5 Discount notes 43,577 39,820 43,264
Coupon securities, by
maturity
6 One year or less 589 683 1,905
7 More than one year,
but less than or equal
to five years 2,071 4,500 10,158
8 More than five years 894 1,810 14,777
9 Mortgage-backed 10,951 41,333 96,924
By type of counterparty
With interdealer broker
10 U.S. Treasury 45,922 78,684 97,212
11 Federal agency 2,597 3,372 6,498
12 Mortgage-backed 3,223 15,946 32,779
With other
13 U.S. Treasury 43,008 71,633 96,893
14 Federal agency 44,533 43,442 63,604
15 Mortgage-backed 7,728 25,386 64,145
FUTURES TRANSACTIONS(3)
By type of deliverable
security
16 U.S. Treasury bills n.a. n.a. n.a.
Coupon securities, by
maturity
17 Five years or less 668 2,782 3,550
18 More than five years 4,105 11,224 16,249
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 0 0 0
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 456 1,105 1,676
27 More than five years 0 5,118 7,460
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 n.a. 0
32 More than five years 0 n.a. 0
33 Mortgage-backed 0 432 370
1999-2000, week 2000,
ending week
ending
Item
Jan. 19 Jan. 26 Feb. 2
OUTRIGHT TRANSACTIONS(2)
By type of security
1 U.S. Treasury bills 26,516 23,388 29,997
Coupon securities, by
maturity
2 Five years or less 93,941 120,711 132,069
3 More than five years 65,701 76,617 95,038
4 Inflation-indexed 1,309 827 1,618
Federal agency
5 Discount notes 48,908 48,762 56,356
Coupon securities, by
maturity
6 One year or less 1,779 1,716 790
7 More than one year,
but less than or equal
to five years 7,655 9,228 7,461
8 More than five years 4,311 5,897 7,432
9 Mortgage-backed 74,707 46,093 59,435
By type of counterparty
With interdealer broker
10 U.S. Treasury 98,129 111,093 130,522
11 Federal agency 5,476 6,697 8,152
12 Mortgage-backed 28,794 20,734 24,832
With other
13 U.S. Treasury 89,337 110,452 128,200
14 Federal agency 57,177 58,906 63,887
15 Mortgage-backed 45,914 25,359 34,602
FUTURES TRANSACTIONS(3)
By type of deliverable
security
16 U.S. Treasury bills 0 n.a. 0
Coupon securities, by
maturity
17 Five years or less 2,921 3,222 6,875
18 More than five years 19,068 19,182 24,776
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 0 0 0
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 1,623 1,439 1,200
27 More than five years 3,941 4,987 6,323
28 Inflation-indexed 0 0 0
Federal agency
29 Discount notes 0 0 0
Coupon securities, by
maturity
30 One year or less 0 0 0
31 More than one year, but
less than or equal to
five years 0 0 0
32 More than five years 0 0 0
33 Mortgage-backed 1,203 590 494
2000, week ending
Item
Feb. 9 Feb. 16 Feb. 23
OUTRIGHT TRANSACTIONS(2)
By type of security
1 U.S. Treasury bills 25,658 28,301 36,030
Coupon securities, by
maturity
2 Five years or less 123,653 107,635 111,093
3 More than five years 117,810 82,512 65,400
4 Inflation-indexed 1,379 601 687
Federal agency
5 Discount notes 57,374 52,220 47,914
Coupon securities, by
maturity
6 One year or less 876 1,245 1,236
7 More than one year,
but less than or equal
to five years 7,940 11,369 7,153
8 More than five years 9,004 9,240 5,113
9 Mortgage-backed 103,218 66,634 50,841
By type of counterparty
With interdealer broker
10 U.S. Treasury 136,646 112,587 106,793
11 Federal agency 8,417 7,220 6,855
12 Mortgage-backed 36,862 28,271 22,804
With other
13 U.S. Treasury 131,854 106,461 106,417
14 Federal agency 66,776 66,854 54,560
15 Mortgage-backed 66,356 38,363 28,037
FUTURES TRANSACTIONS(3)
By type of deliverable
security
16 U.S. Treasury bills n.a. 0 0
Coupon securities, by
maturity
17 Five years or less 6,521 5,817 5,662
18 More than five years 26,651 16,193 20,458
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 0 0 0
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 1,480 1,145 1,847
27 More than five years 6,800 4,147 7,022
28 Inflation-indexed 0 0 0
Federal agency
29 Discount notes 0 0 0
Coupon securities, by
maturity
30 One year or less 0 0 0
31 More than one year, but
less than or equal to
five years 0 0 0
32 More than five years 0 0 0
33 Mortgage-backed 931 404 948
(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 Positions and Financing(1)
Millions of dollars
1999 2000
Item
Nov. Dec. Jan.
Positions(2)
NET OUTRIGHT POSITIONS(3)
By type of security
1 U.S. Treasury bills 9,570(r) 21,385(r) 14,304
Coupon securities, by maturity
2 Five years or less -28,928(r) -24,622(r) -38,777
3 More than five years -23,251(r) -29,849(r) -32,995
4 Inflation-indexed 3,164 2,438 2,894
Federal agency
5 Discount notes 43,941 45,011 39,668
Coupon securities, by maturity
6 One year or less 6,272(r) 5,436 7,101
7 More than one year, but less
than or equal to five years 4,525(r) 1,910 7,172
8 More than five years 3,356(r) 2,706(r) 6,114
9 Mortgage-backed 23,743 25,603 21,183
NET FUTURES POSITIONS(4)
By type of deliverable security
10 U.S. Treasury bills
Coupon securities, by maturity n.a. 0 n.a.
11 Five years or less 4,327(r) 7,121(r) 11,986
12 More than five years 324 408 8,056
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 0 0 0
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 -475(r) - 1,855(r) -3,840
21 More than five years -359(r) 241(r) -1,465
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 175 n.a. 0
26 More than five years 29 n.a. n.a.
27 Mortgage-backed -272 1,260 2,215
Financing(5)
Reverse repurchase agreements
28 Overnight and continuing 288,146 260,169 281,382
29 Term 799,629 847,806 729,307
Securities borrowed
30 Overnight and continuing 239,510 224,527 240,177
31 Term 97,728 117,116 112,088
Securities received as pledge
32 Overnight and continuing 1,965 1,647 1,677
33 Term n.a. n.a. n.a.
Repurchase agreements
34 Overnight and continuing 673,755 647,385 690,465
35 Term 715,763 761,776 619,703
Securities loaned
36 Overnight and continuing 9,049 8,843 9,344
37 Term 6,744 7,283 7,149
Securities pledged
38 Overnight and continuing 50,099 49,236 47,887
39 Term 6,745 10,713 10,985
Collateralized loans
40 Total 23,590 14,892 20,093
1999-2000, week ending
Item
Dec. 29 Jan. 5 Jan. 12
Positions(2)
NET OUTRIGHT POSITIONS(3)
By type of security
1 U.S. Treasury bills 16,191 25,113 22,050
Coupon securities, by maturity
2 Five years or less -21,275 -34,261 -42,507
3 More than five years -31,002 -32,798 -32,520
4 Inflation-indexed 2,041 2,150 2,739
Federal agency
5 Discount notes 44,790 47,888 37,799
Coupon securities, by maturity
6 One year or less 5,043 5,179 6,271
7 More than one year, but less
than or equal to five years 114 1,824 6,276
8 More than five years 2,187 3,606 7,382
9 Mortgage-backed 26,331 23,834 24,008
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 6,865 10,084 13,989
12 More than five years 1,455 4,336 7,687
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 0 0 0
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 -2,483 -3,413 -4,289
21 More than five years 593 -2,202 -3,562
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. 0
26 More than five years n.a. n.a. n.a.
27 Mortgage-backed 1,360 2,043 1,804
Financing(5)
Reverse repurchase agreements
28 Overnight and continuing 237,547 264,786 273,333
29 Term 881,410 670,899 735,505
Securities borrowed
30 Overnight and continuing 220,331 217,192 225,106
31 Term 130,567 130,230 122,843
Securities received as pledge
32 Overnight and continuing n.a. n.a. n.a.
33 Term n.a. n.a. n.a.
Repurchase agreements
34 Overnight and continuing 587,167 639,876 670,637
35 Term 823,824 581,011 626,160
Securities loaned
36 Overnight and continuing 9,012 7,970 8,711
37 Term 8,040 8,026 7,855
Securities pledged
38 Overnight and continuing 46,612 46,789 44,444
39 Term 13,866 14,118 13,837
Collateralized loans
40 Total 23,821 26,109 22,766
1999-2000, week ending
Item
Jan. 19 Jan. 26
Positions(2)
NET OUTRIGHT POSITIONS(3)
By type of security
1 U.S. Treasury bills 11,137 8,118
Coupon securities, by maturity
2 Five years or less -43,659 -31,790
3 More than five years -33,589 -36,048
4 Inflation-indexed 3,303 2,626
Federal agency
5 Discount notes 38,342 41,467
Coupon securities, by maturity
6 One year or less 6,797 8,558
7 More than one year, but less
than or equal to five years 8,669 10,333
8 More than five years 7,414 5,808
9 Mortgage-backed 27,317 15,517
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 12,347 10,623
12 More than five years 10,229 10,737
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 0 0
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 -4,939 -3,192
21 More than five years -3,911 1,129
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 0 n.a.
26 More than five years n.a. n.a.
27 Mortgage-backed 2,498 2,188
Financing(5)
Reverse repurchase agreements
28 Overnight and continuing 286,065 284,404
29 Term 718,016 754,718
Securities borrowed
30 Overnight and continuing 245,091 248,722
31 Term 105,809 103,952
Securities received as pledge
32 Overnight and continuing n.a. 1,709
33 Term n.a. n.a.
Repurchase agreements
34 Overnight and continuing 708,930 707,884
35 Term 601,385 644,252
Securities loaned
36 Overnight and continuing 9,012 10,005
37 Term 6,544 6,633
Securities pledged
38 Overnight and continuing 50,609 48,243
39 Term 8,608 9,529
Collateralized loans
40 Total 17,113 19,539
2000, week ending
Item
Feb. 2 Feb. 9 Feb. 16
Positions(2)
NET OUTRIGHT POSITIONS(3)
By type of security
1 U.S. Treasury bills 5,747 3,667 -2,846
Coupon securities, by maturity
2 Five years or less -41,018 -39,008 -40,533
3 More than five years -28,754 -21,045 -23,939
4 Inflation-indexed 3,659 3,131 3,049
Federal agency
5 Discount notes 33,400 41,209 35,515
Coupon securities, by maturity
6 One year or less 8,571 8,474 10,855
7 More than one year, but less
than or equal to five years 7,252 2,519 7,556
8 More than five years 5,453 3,162 4,627
9 Mortgage-backed 13,922 18,182 20,133
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 12,487 17,902 13,660
12 More than five years 5,497 1,658 -615
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 0 0 0
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 -3,009 -3,616 -3,870
21 More than five years 2,003 2,310 2,222
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 n.a. n.a. n.a.
27 Mortgage-backed 2,602 3,271 2,616
Financing(5)
Reverse repurchase agreements
28 Overnight and continuing 298,458 281,516 313,199
29 Term 759,268 823,767 652,298
Securities borrowed
30 Overnight and continuing 265,418 262,639 258,495
31 Term 99,073 102,979 101,040
Securities received as pledge
32 Overnight and continuing 1,632 n.a. n.a.
33 Term n.a. n.a. n.a.
Repurchase agreements
34 Overnight and continuing 718,575 727,628 742,894
35 Term 640,630 682,425 517,879
Securities loaned
36 Overnight and continuing 11,143 11,513 9,980
37 Term 6,856 6,642 5,732
Securities pledged
38 Overnight and continuing 49,496 50,432 48,757
39 Term 9,223 7,750 8,255
Collateralized loans
40 Total 15,282 16,272 17,367
(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
1999
Agency 1999
Aug. Sept.
1 Federal and federally 1,616,492 1,491,900 1,525,916
sponsored agencies
2 Federal agencies 26,376 26,107 26,384
3 Defense Department(1) 6 6 6
4 Export-Import Bank(2,3) n.a. n.a. n.a.
5 Federal Housing
Administration(4) 126 109 114
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 26,101 26,378
9 United States Railway
Association(6) n.a. n.a. n.a.
10 Federally sponsored agencies(7) 1,590,116 1,465,793 1,499,532
11 Federal Home Loan Banks 529,005 458,320 481,639
12 Federal Home Loan Mortgage
Corporation 360,711 340,972 341,144
13 Federal National Mortgage
Association 547,619 517,200 524,880
14 Farm Credit Banks(8) 68,883 67,269 67,938
15 Student Loan Marketing
Association(9) 41,988 40,310 41,921
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 39,341 43,116
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 7,270 7,125
26 Rural Electrification
Administration 14,085 13,969 13,885
27 Other 21,402 18,102 22,106
1999
Agency
Oct. Nov. Dec.
1 Federal and federally n.a. n.a. 1,616,492
sponsored agencies
28,218 28,218 26,376
2 Federal agencies 6 6 6
3 Defense Department(1) n.a. n.a. n.a.
4 Export-Import Bank(2,3)
5 Federal Housing 126 126 126
Administration(4)
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 28,212 28,212 26,370
9 United States Railway
Association(6) n.a. n.a. n.a.
10 Federally sponsored agencies(7) n.a. n.a. 1,590,116
11 Federal Home Loan Banks 489,401 502,842 529,005
12 Federal Home Loan Mortgage
Corporation 352,487 357,317 360,711
13 Federal National Mortgage
Association 527,403 540,364 547,619
14 Farm Credit Banks(8) 68,338 67,654 68,883
15 Student Loan Marketing
Association(9) 44,224 44,402 41,988
16 Financing Corporation(10) 8,170 8,170 8,170
17 Farm Credit Financial
Assistance
Corporation(11) 1,261 1,261 1,261
18 Resolution Funding
Corporation(12) 29,996 29,996 29,996
MEMO
19 Federal Financing Bank 42,843(r) 42,843 42,152
debt(13)
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 6,775(r) 6,775 6,665
26 Rural Electrification
Administration 14,025(r) 14,025 14,085
27 Other 22,043(r) 22,043 21,402
(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
1999
Type of issue or issuer,
or use 1997 1998 1999
July
1 All issues, new and
refunding(1) 214,694 262,342 215,427 18,671
By type of issue
2 General obligation 69,934 87,015 73,308 6,206
3 Revenue 134,989 175,327 142,120 12,465
By type of issuer
4 State 18,237 23,506 16,376 2,194
5 Special district or
statutory
authority(2) 134,919 178,421 152,418 13,572
6 Municipality, county,
or township 70,558 60,173 46,634 2,906
7 Issues for new capital 135,519 160,568 161,065 12,172
By use of proceeds
8 Education 31,860 36,904 36,563 3,415
9 Transportation 13,951 19,926 17,394 1,264
10 Utilities and
conservation 12,219 21,037 15,098 535
11 Social welfare 27,794 n.a. n.a. n.a.
12 Industrial aid 6,667 8,594 9,099 850
13 Other purposes 35,095 42,450 47,896 2,729
1999
Type of issue or issuer,
or use
Aug. Sept. Oct. Nov.
1 All issues, new and
refunding(1) 15,746 18,433 17,497 17,428
By type of issue
2 General obligation 4,268 5,171 4,183 4,996
3 Revenue 11,478 13,262 13,314 12,433
By type of issuer
4 State 911 2,341 1,753 929
5 Special district or
statutory
authority(2) 11,578 13,449 12,186 12,613
6 Municipality, county,
or township 3,257 2,642 3,557 3,886
7 Issues for new capital 12,530 14,973 14,908 14,084
By use of proceeds
8 Education 2,842 2,885 2,049 2,732
9 Transportation 1,955 1,886 1,674 892
10 Utilities and
conservation 1,038 1,976 1,176 1,893
11 Social welfare n.a. n.a. n.a. n.a.
12 Industrial aid 585 1,271 726 668
13 Other purposes 3,255 3,941 4,509 5,213
1999 2000
Type of issue or issuer,
or use
Dec. Jan. Feb.
1 All issues, new and
refunding(1) 14,751 8,969 10,905
By type of issue
2 General obligation 3,715 3,454 4,473
3 Revenue 11,035 5,516 6,433
By type of issuer
4 State 834 863 1,730
5 Special district or
statutory
authority(2) 10,640 5,784 7,414
6 Municipality, county,
or township 3,277 2,322 1,761
7 Issues for new capital 11,475 8,009 9,382
By use of proceeds
8 Education 3,095 2,189 2,548
9 Transportation 1,201 1,064 723
10 Utilities and
conservation 1,008 588 115
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 707 89 647
13 Other purposes 3,141 2,885 2,804
(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(r)
1 All issues(1) 929,256 1,128,491 1,072,877
2 Bonds(2) 811,376 1,001,736 941,309
By type of offering
3 Sold in the United States 708,188 923,771 818,694
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 222,603 307,935 293,974
7 Financial 588,773 693,801 647,335
8 Stocks(3) 117,880 126,755 131,568
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
Type of issue, offering,
or issuer
June July Aug.
1 All issues(1) 96,608 96,608 83,466
2 Bonds(2) 88,338 83,546 75,708
By type of offering
3 Sold in the United States 79,031 69,451 63,383
4 Sold abroad 9,306 14,095 12,325
MEMO
5 Private placements, domestic 6,441 2,133 1,670
By industry group
6 Nonfinancial 24,531 25,526 22,704
7 Financial 63,807 58,020 53,005
8 Stocks(3) 8,270 13,062 7,758
By type of offering
9 Public 8,270 13,062 7,758
10 Private placement(4) 7,192 7,192 7,192
By industry group
11 Nonfinancial 6,436 11,589 6,379
12 Financial 1,834 1,473 1,379
1999
Type of issue, offering,
or issuer
Sept. Oct. Nov.
1 All issues(1) 82,414 58,613 85,016(r)
2 Bonds(2) 75,807 47,103 61,033
By type of offering
3 Sold in the United States 65,679 37,721 53,908
4 Sold abroad 10,128 9,382 7,125
MEMO
5 Private placements, domestic 1,640 1,632 1,237
By industry group
6 Nonfinancial 20,655 13,990 24,283
7 Financial 55,151 33,112 36,750
8 Stocks(3) 6,607 11,510 23,983(r)
By type of offering
9 Public 6,607 11,510 23,983(r)
10 Private placement(4) 7,192 7,192 7,192
By industry group
11 Nonfinancial 5,647 10,961 22,611(r)
12 Financial 960 549 1,372
1999 2000
Type of issue, offering,
or issuer
Dec.(r) Jan.
1 All issues(1) 50,815 55,550
2 Bonds(2) 42,487 44,220
By type of offering
3 Sold in the United States 36,499 30,784
4 Sold abroad 5,989 13,436
MEMO
5 Private placements, domestic 3,241 967
By industry group
6 Nonfinancial 14,625 14,599
7 Financial 27,863 29,620
8 Stocks(3) 8,328 11,330
By type of offering
9 Public 8,328 11,330
10 Private placement(4) 7,192 n.a.
By industry group
11 Nonfinancial 7,450 9,083
12 Financial 878 2,247
(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)
Million of dollars
1999
Item 1998 1999
July Aug.
1 Sales of own
shares(2) 1,461,430 1,791,894 140,926 132,991
2 Redemptions of
own shares 1,217,022 1,621,987 128,173 125,908
3 Net sales(3) 244,408 169,906 12,754 7,084
4 Assets(4) 4,173,531 5,233,191 4,585,131 4,548,784
5 Cash(5) 191,393 219,189 209,061 209,349
6 Other 3,982,138 5,014,002 4,376,070 4,339,435
Item 1999
Sept. Oct. Nov. Dec.
1 Sales of own
shares(2) 132,226 140,738 155,490 185,898
2 Redemptions of
own shares 126,207 124,052 143,688 178,855
3 Net sales(3) 6,019 16,686 11,801 7,042
4 Assets(4) 4,498,964 4,705,746 4,874,733 5,233,191
5 Cash(5) 209,709 225,762 214,751 219,189
6 Other 4,289,255 4,479,985 4,659,982 5,014,002
Item 2000
Jan.(r) Feb.
1 Sales of own
shares(2) 226,251 237,595
2 Redemptions of
own shares 204,380 197,214
3 Net sales(3) 21,871 40,381
4 Assets(4) 5,114,482 5,378,593
5 Cash(5) 222,729 233,181
6 Other 4,891,753 5,145,412
(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
Q1
1 Profits with inventory valuation
and capital consumption
adjustment 837.9 846.1 n.a. 858.3
2 Profits before taxes 795.9 781.9 n.a. 788.9
3 Profits-tax liability 238.3 240.2 n.a. 239.9
4 Profits after taxes 557.6 541.7 n.a. 548.9
5 Dividends 333.7 348.6 364.7 346.5
6 Undistributed profits 223.9 193.1 n.a. 202.5
7 Inventory valuation 7.4 20.9 n.a. 29.5
8 Capital consumption adjustment 34.6 43.3 52.0 39.9
1998 1999
Account
Q2 Q3 Q4 Q1
1 Profits with inventory valuation
and capital consumption
adjustment 847.9 843.8 834.3 882.0
2 Profits before taxes 792.0 780.1 766.7 818.1
3 Profits-tax liability 241.1 244.3 235.6 248.0
4 Profits after taxes 550.9 535.8 531.0 570.1
5 Dividends 347.3 348.4 352.2 356.4
6 Undistributed profits 203.6 187.4 178.8 213.7
7 Inventory valuation 13.6 19.8 20.8 13.3
8 Capital consumption adjustment 42.4 43.9 46.9 50.6
1999
Account
Q2 Q3 Q4
1 Profits with inventory valuation
and capital consumption
adjustment 875.5 879.2 n.a.
2 Profits before taxes 835.8 853.8 n.a.
3 Profits-tax liability 254.4 259.4 n.a.
4 Profits after taxes 581.4 594.3 n.a.
5 Dividends 361.5 367.3 373.5
6 Undistributed profits 219.9 227.0 n.a.
7 Inventory valuation -13.6 -26.7 n.a.
8 Capital consumption adjustment 53.2 52.1 52.0(r)
SOURCE. U.S. Department of Commerce, Survey of Current Business.
1.51 DOMESTIC FINANCE COMPANIES Assets and Liabilities(1)
Billions of dollars, end of period; not seasonally adjusted
1998
ASSETS 1997 1998 1999
Q2
1 Accounts receivable,
gross(2) 663.3 711.7 812.5 676.0
2 Consumer 256.8 261.8 279.8 251.3
3 Business 318.5 347.5 406.2 334.9
4 Real estate 87.9 102.3 126.5 89.9
5 LESS: Reserves for
unearned income 52.7 56.3 54.1 53.2
6 Reserves for losses 13.0 13.8 13.6 13.2
7 Accounts receivable, net 597.6 641.6 744.8 609.6
8 All other 312.4 337.9 388.1 340.1
9 Total assets 910.0 979.5 1,132.9 949.7
LIABILITIES AND CAPITAL
10 Bank loans 24.1 26.3 35.1 22.3
11 Commercial paper 201.5 231.5 223.9 225.9
Debt
12 Owed to parent 64.7 61.8 105.8 60.0
13 Not elsewhere classified 328.8 339.7 394.8 348.7
14 All other liabilities 189.6 203.2 228.9 188.9
15 Capital, surplus, and
undivided profits 101.3 117.0 144.5 103.9
16 Total liabilities and
capital 910.0 979.5 1,132.9 949.7
1998 1999
ASSETS
Q3 Q4 Q1 Q2
1 Accounts receivable,
gross(2) 687.6 711.7 733.8 756.5
2 Consumer 254.0 261.8 261.7 269.2
3 Business 335.1 347.5 362.8 373.7
4 Real estate 98.5 102.3 109.2 113.5
5 LESS: Reserves for
unearned income 52.4 56.3 52.9 53.4
6 Reserves for losses 13.2 13.8 13.4 13.4
7 Accounts receivable, net 622.0 641.6 667.6 689.7
8 All other 313.7 337.9 363.3 373.2
9 Total assets 935.7 979.5 1,030.8 1,062.9
LIABILITIES AND CAPITAL
10 Bank loans 24.9 26.3 24.8 25.1
11 Commercial paper 226.9 231.5 222.9 231.0
Debt
12 Owed to parent 58.3 61.8 64.6 65.4
13 Not elsewhere classified 337.6 339.7 366.7 383.1
14 All other liabilities 185.4 203.2 220.3 226.1
15 Capital, surplus, and
undivided profits 103.6 117.0 131.5 132.2
16 Total liabilities and
capital 936.6 979.5 1,030.8 1,062.9
1999
ASSETS
Q3 Q4
1 Accounts receivable,
gross(2) 776.3 812.5
2 Consumer 271.0 279.8
3 Business 383.0 406.2
4 Real estate 122.3 126.5
5 LESS: Reserves for
unearned income 54.0 54.1
6 Reserves for losses 13.6 13.6
7 Accounts receivable, net 708.6 744.8
8 All other 368.5 388.1
9 Total assets 1,077.2 1,132.9
LIABILITIES AND CAPITAL
10 Bank loans 27.0 35.1
11 Commercial paper 205.3 223.9
Debt
12 Owed to parent 84.5 105.8
13 Not elsewhere classified 396.2 394.8
14 All other liabilities 216.0 228.9
15 Capital, surplus, and
undivided profits 148.2 144.5
16 Total liabilities and
capital 1,077.2 1,132.9
(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.
1.52 DOMESTIC FINANCE COMPANIES Owned and Managed Receivables(1)
Billions of dollars, amounts outstanding
Type of credit 1997 1998 1999(r)
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 1,003.2
6 Consumer 3,309.0 356.1 388.8
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
1999
Type of credit
Aug. Sept. Oct.
Seasonally adjusted
Total 967.4 972.8 980.6(r)
2 Consumer 380.8 381.9 384.0
3 Real estate 146.7 148.9 149.3
4 Business 439.9 442.0 447.2(r)
Not seasonally adjusted
5 Total 962.2 968.4 978.8(r)
6 Consumer 382.0 383.1 384.5
7 Motor vehicles loans 112.7 109.5 110.2
8 Motor vehicle leases 98.3 98.1 98.4
9 Revolving(2) 33.0 30.7 31.5
10 Other(3) 31.6 32.8 32.4
Securitized assets(4)
11 Motor vehicle loans 68.0 73.5 74.1
12 Motor vehicle leases 10.8 10.6 10.3
13 Revolving 9.4 10.2 10.1
14 Other 18.1 17.8 17.6
15 Real estate 146.7 148.9 149.3
16 One- to four-family 86.0 87.7 87.7
17 Other 33.7 34.6 35.1
Securitized real
estate assets(4)
18 One- to four-family 26.8 26.5 26.2
19 Other .2 .2 .2
20 Business 433.5 436.3 445.0(r)
21 Motor vehicles 78.6 80.3 84.3
22 Retail loans 33.3 34.5 34.9
23 Wholesale loans(5) 26.8 26.8 30.3
24 Leases 18.5 19.0 19.1
25 Equipment 210.5 208.0 212.8(r)
26 Loans 53.1 48.2 51.5(r)
27 Leases 157.4 159.8 161.3
28 Other business
receivables(6) 92.7 94.7 97.1
Securitized assets(4)
29 Motor vehicles 30.4 31.0 28.8
30 Retail loans 2.7 2.6 2.5
31 Wholesale loans 25.7 26.4 24.3
32 Leases 2.0 2.0 2.0
33 Equipment 13.5 14.6 14.3
34 Loans 6.9 7.7 7.6
35 Leases 6.6 6.9 6.8
36 Other business
receivables(6) 7.8 7.7 7.7
1999 2000
Type of credit
Nov. Dec. Jan.
Seasonally adjusted
1 Total 984.8(r) 993.9(r) 1,019.1
2 Consumer 385.2 385.3(r) 391.4
3 Real estate 152.7 154.7 158.9
4 Business 446.9(r) 453.9 468.9
Not seasonally adjusted
5 Total 986.3(r) 1,003.2(r) 1,019.1
6 Consumer 386.5 388.8(r) 390.8
7 Motor vehicles loans 111.6 114.7(r) 117.5
8 Motor vehicle leases 99.1 98.3 99.3
9 Revolving(2) 30.5 33.8(r) 33.9
10 Other(3) 33.2 33.1(r) 33.1
Securitized assets(4)
11 Motor vehicle loans 74.6 71.1 69.6
12 Motor vehicle leases 10.0 9.7 9.5
13 Revolving 10.2 10.5 10.4
14 Other 17.4 17.7 17.4
15 Real estate 152.7 154.7 158.9
16 One- to four-family 89.4 88.3 90.8
17 Other 37.1 38.3 38.6
Securitized real
estate assets(4)
18 One- to four-family 25.9 28.0 29.3
19 Other .2 .2 .2
20 Business 447.1(r) 459.6 469.5
21 Motor vehicles 85.4 87.8 88.1
22 Retail loans 33.7 33.2 33.5
23 Wholesale loans(5) 32.6 34.7 34.6
24 Leases 19.2 19.9 19.9
25 Equipment 211.2(r) 221.9 222.4
26 Loans 49.1 52.2 51.8
27 Leases 162.1(r) 169.7 170.5
28 Other business
receivables(6) 98.2 95.5 97.6
Securitized assets(4)
29 Motor vehicles 30.6 31.5 31.5
30 Retail loans 3.0 2.9 2.9
31 Wholesale loans 25.6 26.4 26.5
32 Leases 2.0 2.1 2.1
33 Equipment 14.0 14.6 21.8
34 Loans 7.4 7.9 15.1
35 Leases 6.6 6.7 6.7
36 Other business
receivables(6) 7.7 8.4 8.1
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
Yield (percent per year)
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 1,848
19 Conventional 164,244 254,225 322,595
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
1999
Item
Aug. Sept. Oct.
Terms and yields in primary
and secondary markets
PRIMARY MARKETS
Terms(1)
1 Purchase price (thousands of
dollars) 213.8 210.3 214.4
2 Amount of loan (thousands of
dollars) 163.1 161.8 165.1
3 Loan-to-price ratio (percent) 78.3 78.8 79.0
4 Maturity (years) 28.5 29.1 29.1
5 Fees and charges (percent of
loan amount)(2) .68 .64 .71
Yield (percent per year)
6 Contract rate(1) 6.99 6.99 7.06
7 Effective rate(1,3) 7.09 7.09 7.17
8 Contract rate (HUD series)(4) 7.87 7.76 7.77
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (Section 203)(5) 8.10 8.05 8.02
10 GNMA securities(6) 7.53 7.42 7.52
Activity in
secondary markets
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
Mortgage holdings (end of
period)
11 Total 495,302 504,938 509,990
12 FHA/VA insured 47,846 49,456 50,639
13 Conventional 447,456 455,482 459,351
14 Mortgage transactions purchased
(during period) 21,094 15,200 10,057
Mortgage commitments (during
period)
15 Issued(7) 18,153 7,998 10,480
16 To sell(8) 478 609 1,710
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage holdings (end of
period)(8)
17 Total 306,214 315,968 318,682
18 FHA/VA insured 1,708 1,689 1,744
19 Conventional 304,506 314,279 316,938
Mortgage transactions (during
period)
20 Purchases 18,674 15,238 13,323
21 Sales 17,468 14,153 12,671
22 Mortgage commitments contracted
(during period)(9) 18,951 14,608 10,810
1999
Item
Nov. Dec.
Terms and yields in
primary and
secondary markets
PRIMARY MARKETS
Terms(1)
1 Purchase price (thousands of
dollars) 220.8 216.3
2 Amount of loan (thousands of
dollars) 167.0 167.2
3 Loan-to-price ratio (percent) 77.4 78.6
4 Maturity (years) 29.0 29.0
5 Fees and charges (percent of
loan amount)(2) .73 .71
Yield (percent per year)
6 Contract rate(1) 7.13 7.18
7 Effective rate(1,3) 7.24 7.28
8 Contract rate (HUD series)(4) 7.79 7.95
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (Section 203)(5) 8.06 8.55
10 GNMA securities(6) 7.37 7.58
Activity in
secondary markets
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
Mortgage holdings (end of
period)
11 Total 518,337 523,941
12 FHA/VA insured 52,632 55,318
13 Conventional 465,705 468,623
14 Mortgage transactions purchased
(during period) 14,683 11,416
Mortgage commitments (during
period)
15 Issued(7) 12,050 9,931
16 To sell(8) 381 1,592
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage holdings (end of
period)(8)
17 Total 323,027 324,443
18 FHA/VA insured 1,848 1,848
19 Conventional 321,179 322,595
Mortgage transactions (during
period)
20 Purchases 11,869 9,335
21 Sales 11,129 8,589
22 Mortgage commitments contracted
(during period)(9) 10,501 11,587
2000
Item
Jan. Feb.
Terms and yields in
primary and
secondary markets
PRIMARY MARKETS
Terms(1)
1 Purchase price (thousands of
dollars) 223.7 216.9
2 Amount of loan (thousands of
dollars) 169.9 165.6
3 Loan-to-price ratio (percent) 77.9 78.4
4 Maturity (years) 29.1 29.1
5 Fees and charges (percent of
loan amount)(2) .75 .71
Yield (percent per year)
6 Contract rate(1) 7.34 7.43
7 Effective rate(1,3) 7.45 7.54
8 Contract rate (HUD series)(4) 8.21 8.20
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (Section 203)(5) 8.56 8.53
10 GNMA securities(6) 7.84 7.96
Activity in
secondary markets
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
Mortgage holdings (end of
period)
11 Total 527,977 535,096
12 FHA/VA insured 57,369 58,294
13 Conventional 470,608 476,802
14 Mortgage transactions purchased
(during period) 9,035 11,484
Mortgage commitments (during
period)
15 Issued(7) 9,130 9,811
16 To sell(8) 1,287 612
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage holdings (end of
period)(8)
17 Total 325,914 328,598
18 FHA/VA insured 1,806 1,719
19 Conventional 324,108 326,879
Mortgage transactions (during
period)
20 Purchases 12,942(r) 6,747
21 Sales 12,764(r) 6,424
22 Mortgage commitments contracted
(during period)(9) 8,341 7,156
(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 1996 1997 1998
property
1 All holders 4,880,736(r) 5,184,691(r) 5,683,280(r)
By type of property
2 One- to four-family
residences 3,721,917 3,959,565 4,328,434
3 Multifamily residences 288,929(r) 301,516(r) 328,714(r)
4 Nonfarm, nonresidential 782,755(r) 833,311(r) 929,626(r)
5 Farm 87,134 90,299 96,506
By type of holder
6 Major financial
institutions 1,981,885 2,083,978 2,194,813(r)
7 Commercial banks(2) 1,145,389 1,245,315 1,337,217
8 One- to four-family 677,603 745,510 797,195(r)
9 Multifamily 45,451 49,670 52,871
10 Nonfarm,
nonresidential 397,452 423,148 458,115
11 Farm 24,883 26,986 29,035
12 Savings
institutions(3) 628,335 631,822 643,957
13 One- to four-family 513,712 520,672 533,792
14 Multifamily 61,570 59,543 56,825
15 Nonfarm,
nonresidential 52,723 51,252 52,923
16 Farm 331 354 417
17 Life insurance
companies 208,161 206,841 213,640
18 One- to four-family 6,977 7,187 6,590
19 Multifamily 30,750 30,402 31,522
20 Nonfarm,
nonresidential 160,314 158,780 164,004
21 Farm 10,120 10,472 11,524
22 Federal and related
agencies 295,192 286,167 292,636
23 Government National
Mortgage
Association 2 8 7
24 One- to four-family 2 8 7
25 Multifamily 0 0 0
26 Farmers Home
Administration(4) 41,596 41,195 40,851
27 One- to four-family 17,303 17,253 16,895
28 Multifamily 11,685 11,720 11,739
29 Nonfarm,
nonresidential 6,841 7,370 7,705
30 Farm 5,768 4,852 4,513
31 Federal Housing and
Veterans'
Administrations 6,244 3,821 3,674
32 One- to four-family 3,524 1,767 1,849
33 Multifamily 2,719 2,054 1,825
34 Resolution Trust
Corporation 0 0 0
35 One- to four-family 0 0 0
36 Multifamily 0 0 0
37 Nonfarm,
nonresidential 0 0 0
38 Farm 0 0 0
39 Federal Deposit
Insurance
Corporation 2,431 724 361
40 One- to four-family 365 109 54
41 Multifamily 413 123 61
42 Nonfarm,
nonresidential 1,653 492 245
43 Farm 0 0 0
44 Federal National
Mortgage
Association 168,813 161,308 157,675
45 One- to four-family 155,008 149,831 147,594
46 Multifamily 13,805 11,477 10,081
47 Federal Land Banks 29,602 30,657 32,983
48 One- to four-family 1,742 1,804 1,941
49 Farm 27,860 28,853 31,042
50 Federal Home Loan
Mortgage
Corporation 46,504 48,454 57,085
51 One- to four-family 41,758 42,629 49,106
52 Multifamily 4,746 5,825 7,979
53 Mortgage pools or
trusts(5) 2,044,049(r) 2,240,928(r) 2,587,942(r)
54 Government National
Mortgage
Association 506,340 536,879 537,446
55 One- to four-family 494,158 523,225 522,498
56 Multifamily 12,182 13,654 14,948
57 Federal Home Loan
Mortgage
Corporation 554,260 579,385 646,459
58 One- to four-family 551,513 576,846 643,465
59 Multifamily 2,747 2,539 2,994
60 Federal National
Mortgage
Association 650,780 709,582 834,518
61 One- to four-family 633,210 687,981 804,205
62 Multifamily 17,570 21,601 30,313
63 Farmers Home
Administration(4) 3 2 1
64 One- to four-family 0 0 0
65 Multifamily 0 0 0
66 Nonfarm,
nonresidential 0 0 0
67 Farm 3 2 1
68 Private mortgage
conduits 332,666(r) 415,080(r) 569,518(r)
69 One- to four-
family(6) 261,900 318,000 410,900
70 Multifamily 16,113(r) 20,278(r) 32,586(r)
71 Nonfarm,
nonresidential 54,654(r) 76,802(r) 126,033(r)
72 Farm 0 0 0
73 Individuals and
others(7) 559,609 573,619 607,888
74 One- to four-family 363,143 366,744 392,343
75 Multifamily 69,179 72,629 74,971
76 Nonfarm, nonresidential 109,119 115,467 120,600
77 Farm 18,169 18,779 19,974
1998 1999
Type of holder and
property
Q4 Q1 Q2
1 All holders 5,683,280(r) 5,819,743(r) 5,968,122(r)
By type of property
2 One- to four-family
residences 4,328,434 4,420,898(r) 4,533,031(r)
3 Multifamily residences 328,714(r) 339,266(r) 346,240(r)
4 Nonfarm, nonresidential 929,626(r) 962,175(r) 989,206(r)
5 Farm 96,506 97,404 99,644(r)
By type of holder
Major financial
institutions 2,194,813(r) 2,202,306(r) 2,242,525(r)
Commercial banks(2) 1,337,217 1,336,733(r) 1,361,365(r)
8 One- to four-family 797,195(r) 782,135(r) 790,043(r)
9 Multifamily 52,871 56,731(r) 59,151(r)
10 Nonfarm,
nonresidential 458,115 468,355(r) 481,635(r)
11 Farm 29,035 29,513(r) 30,536(r)
12 Savings
institutions(3) 643,957 646,510 656,518
13 One- to four-family 533,792 534,772 544,832
14 Multifamily 56,825 56,763 55,020
15 Nonfarm,
nonresidential 52,923 54,539 56,222
16 Farm 417 435 443
17 Life insurance
companies 213,640 219,063 224,642
18 One- to four-family 6,590 6,956 7,295
19 Multifamily 31,522 31,528 31,813
20 Nonfarm,
nonresidential 164,004 168,862 173,568
21 Farm 11,524 11,717 11,966
22 Federal and related
agencies 292,636 288,176(r) 288,038
23 Government National
Mortgage
Association 7 6 8
24 One- to four-family 7 6 8
25 Multifamily 0 0 0
26 Farmers Home
Administration(4) 40,851 40,691 40,766
27 One- to four-family 16,895 16,777 16,653
28 Multifamily 11,739 11,731 11,735
29 Nonfarm,
nonresidential 7,705 7,769 7,943
30 Farm 4,513 4,413 4,435
31 Federal Housing and
Veterans'
Administrations 3,674 3,538(r) 3,490
32 One- to four-family 1,849 1,713(r) 1,623
33 Multifamily 1,825 1,825 1,867
34 Resolution Trust
Corporation 0 0 0
35 One- to four-family 0 0 0
36 Multifamily 0 0 0
37 Nonfarm,
nonresidential 0 0 0
38 Farm 0 0 0
39 Federal Deposit
Insurance
Corporation 361 315 189
40 One- to four-family 54 47 28
41 Multifamily 61 54 32
42 Nonfarm,
nonresidential 245 214 129
43 Farm 0 0 0
44 Federal National
Mortgage
Association 157,675 157,185 155,637
45 One- to four-family 147,594 147,063 145,033
46 Multifamily 10,081 10,122 10,604
47 Federal Land Banks 32,983 33,128 33,666
48 One- to four-family 1,941 1,949 1,981
49 Farm 31,042 31,179 31,685
50 Federal Home Loan
Mortgage
Corporation 57,085 53,313 54,282
51 One- to four-family 49,106 44,140 43,574
52 Multifamily 7,979 9,173 10,708
53 Mortgage pools or
trusts(5) 2,587,942(r) 2,715,181(r) 2,810,119(r)
54 Government National
Mortgage
Association 537,446 543,280 553,196(r)
55 One- to four-family 522,498 527,886 537,287(r)
56 Multifamily 14,948 15,395 15,909
57 Federal Home Loan
Mortgage
Corporation 646,459 687,179 718,085
58 One- to four-family 643,465 684,240 714,844
59 Multifamily 2,994 2,939 3,241
60 Federal National
Mortgage
Association 834,518 881,815 911,435
61 One- to four-family 804,205 849,513 877,863
62 Multifamily 30,313 32,302 33,572
63 Farmers Home
Administration(4) 1 1 1
64 One- to four-family 0 0 0
65 Multifamily 0 0 0
66 Nonfarm,
nonresidential 0 0 0
67 Farm 1 1 1
68 Private mortgage
conduits 569,518(r) 602,906(r) 627,403(r)
69 One- to four-
family(6) 410,900 430,653 447,938
70 Multifamily 32,586(r) 35,455(r) 37,065(r)
71 Nonfarm,
nonresidential 126,033(r) 136,798(r) 142,400(r)
72 Farm 0 0 0
73 Individuals and
others(7) 607,888 614,081 627,440(r)
74 One- to four-family 392,343 393,047 404,028
75 Multifamily 74,971 75,249 75,524
76 Nonfarm, nonresidential 120,600 125,638 127,310
77 Farm 19,974 20,147 20,578(r)
1999
Type of holder and
property
Q3(r) Q4(p)
1 All holders 6,173,523 6,318,783
By type of property
2 One- to four-family
residences 4,663,148 4,759,962
3 Multifamily residences 357,423 370,381
4 Nonfarm, nonresidential 1,051,551 1,085,896
5 Farm 101,403 102,544
By type of holder
Major financial
institutions 2,321,448 2,393,404
Commercial banks(2) 1,418,819 1,495,717
8 One- to four-family 826,936 879,299
9 Multifamily 62,477 66,010
10 Nonfarm,
nonresidential 498,087 518,569
11 Farm 31,320 31,839
12 Savings
institutions(3) 676,346 668,634
13 One- to four-family 560,483 548,926
14 Multifamily 57,286 59,143
15 Nonfarm,
nonresidential 58,118 60,090
16 Farm 459 475
17 Life insurance
companies 226,282 229,053
18 One- to four-family 7,435 7,278
19 Multifamily 32,011 32,460
20 Nonfarm,
nonresidential 174,642 177,092
21 Farm 12,194 12,223
22 Federal and related
agencies 322,098 321,717
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 3,737
32 One- to four-family 2,013 1,862
33 Multifamily 1,876 1,876
34 Resolution Trust
Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm,
nonresidential 0 0
38 Farm 0 0
39 Federal Deposit
Insurance
Corporation 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 154,420 152,633
45 One- to four-family 142,982 141,195
46 Multifamily 11,438 11,438
47 Federal Land Banks 34,218 34,640
48 One- to four-family 2,013 2,038
49 Farm 32,205 32,602
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) 2,891,145 2,954,654
54 Government National
Mortgage
Association 569,038 582,296
55 One- to four-family 552,670 565,222
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 645,041 662,394
69 One- to four-
family(6) 455,276 462,600
70 Multifamily 38,551 40,164
71 Nonfarm,
nonresidential 151,215 159,630
72 Farm 0 0
73 Individuals and
others(7) 638,833 649,008
74 One- to four-family 414,094 421,125
75 Multifamily 75,512 77,690
76 Nonfarm, nonresidential 128,311 129,057
77 Farm 20,917 21,137
(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(r)
Seasonally adjusted
1 Total 1,234,122 1,300,491 1,395,406
2 Revolving 531,295 560,653 595,964
3 Nonrevolving(2) 702,828 739,838 799,442
Not seasonally adjusted
4 Total 1,264,103 1,331,742 1,428,519
By major holder
5 Commercial banks 512,563 508,932 499,758
6 Finance companies 160,022 168,491 181,573
7 Credit unions 152,362 155,406 170,284
8 Savings institutions 47,172 51,611 61,527
9 Nonfinancial business 78,927 74,877 80,316
10 Pools of securitized assets(3) 313,057 372,425 435,061
By major type of credit(4)
11 Revolving 555,858 586,528 623,444
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 20,840
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 708,245 745,214 805,075
19 Commercial banks 292,737 298,586 310,406
20 Finance companies 121,414 136,182 147,759
21 Credit unions 132,810 135,476 149,444
22 Savings institutions 35,731 39,161 45,689
23 Nonfinancial business 33,961 35,711 37,533
24 Pools of securitized
assets(3) 91,592 100,098 114,244
1999
Holder and type of credit Aug. Sept. Oct.(r)
Seasonally adjusted
1 Total 1,363,184 1,366,575 1,371,887
2 Revolving 584,523 584,512 584,845
3 Nonrevolving(2) 778,661 782,063 787,041
Not seasonally adjusted
4 Total 1,364,404 1,370,079 1,376,998
By major holder
5 Commercial banks 476,561 472,524 474,042
6 Finance companies 177,331 172,956 174,081
7 Credit unions 162,412 164,055 165,912
8 Savings institutions 59,091 60,055 60,544
9 Nonfinancial business 68,896 67,456 67,965
10 Pools of securitized assets(3) 420,113 433,033 434,454
By major type of credit(4)
11 Revolving 580,691 581,361 583,612
12 Commercial banks 170,272 168,882 167,469
13 Finance companies 33,014 30,731 31,453
14 Credit unions 19,335 19,489 19,452
15 Savings institutions 13,233 13,461 14,254
16 Nonfinancial business 35,421 34,156 34,534
17 Pools of securitized
assets(3) 309,416 314,642 316,450
18 Nonrevolving 783,713 788,718 793,386
19 Commercial banks 306,289 303,642 306,573
20 Finance companies 144,317 142,225 142,628
21 Credit unions 143,077 144,566 146,460
22 Savings institutions 45,858 46,594 46,290
23 Nonfinancial business 33,475 33,300 33,431
24 Pools of securitized
assets(3) 110,697 118,391 118,004
1999 2000
Holder and type of credit Nov.(r) Dec.(r) Jan.
Seasonally adjusted
1 Total 1,385,037 1,395,406 1,412,361
2 Revolving 589,803 595,964 603,455
3 Nonrevolving(2) 795,233 799,442 808,906
Not seasonally adjusted
4 Total 1,391,686 1,428,519 1,421,679
By major holder
5 Commercial banks 480,763 499,758 498,137
6 Finance companies 175,296 181,573 184,553
7 Credit unions 167,887 170,284 170,168
8 Savings institutions 61,035 61,527 62,019
9 Nonfinancial business 70,289 80,316 76,041
10 Pools of securitized assets(3) 436,416 435,061 430,761
By major type of credit(4)
11 Revolving 592,179 623,444 614,056
12 Commercial banks 172,345 189,352 184,353
13 Finance companies 30,512 33,814 33,938
14 Credit unions 19,739 20,840 20,325
15 Savings institutions 15,046 15,838 16,631
16 Nonfinancial business 36,002 42,783 39,746
17 Pools of securitized
assets(3) 318,535 320,817 319,063
18 Nonrevolving 799,507 805,075 807,623
19 Commercial banks 308,418 310,406 313,784
20 Finance companies 144,784 147,759 150,615
21 Credit unions 148,148 149,444 149,843
22 Savings institutions 45,989 45,689 45,388
23 Nonfinancial business 34,287 37,533 36,295
24 Pools of securitized
assets(3) 117,881 114,244 111,698
(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.) 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
Item 1997 1998 1999
INTEREST RATES
Commercial banks(2)
1 48-month new car 9.02 8.72 8.44
2 24-month personal 13.90 13.74 13.39
Credit card plan
3 All accounts 15.77 15.71 15.21
4 Accounts assessed interest 15.57 15.59 14.81
Auto finance companies
5 New car 7.12 6.30 6.66
6 Used car 13.27 12.64 12.60
OTHER TERMS(3)
Maturity (months)
7 New car 54.1 52.1 52.7
8 Used car 51.0 53.5 55.9
Loan-to-value ratio
9 New car 92 92 92
10 Used car 99 99 99
Amount financed (dollars)
11 New car 18,077 19,083 19,880
12 Used car 12,281 12,691 13,642
1999
Item
July Aug. Sept.
INTEREST RATES
Commercial banks(2)
1 48-month new car n.a. 8.44 n.a.
2 24-month personal n.a. 13.38 n.a.
Credit card plan
3 All accounts n.a. 15.08 n.a.
4 Accounts assessed interest n.a. 14.79 n.a.
Auto finance companies
5 New car 6.68 6.28 6.47
6 Used car 12.67 12.96 13.13
OTHER TERMS(3)
Maturity (months)
7 New car 52.0 51.7 52.1
8 Used car 56.1 55.8 55.9
Loan-to-value ratio
9 New car 92 92 92
10 Used car 99 100 100
Amount financed (dollars)
11 New car 19,873 20,012 20,154
12 Used car 13,609 13,374 13,449
1999
Item
Oct. Nov.
INTEREST RATES
Commercial banks(2)
1 48-month new car n.a. 8.66
2 24-month personal n.a. 13.52
Credit card plan
3 All accounts n.a. 15.13
4 Accounts assessed interest n.a. 14.77
Auto finance companies
5 New car 7.07 7.44
6 Used car 13.28 13.27
OTHER TERMS(3)
Maturity (months)
7 New car 53.2 53.9
8 Used car 55.8 55.8
Loan-to-value ratio
9 New car 92 91
10 Used car 100 99
Amount financed (dollars)
11 New car 20,335 20,517
12 Used car 13,613 13,777
1999 2000
Item
Dec. Jan.
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 7.32 7.18
6 Used car 13.28 12.95
OTHER TERMS(3)
Maturity (months)
7 New car 53.4 52.9
8 Used car 55.6 56.8
Loan-to-value ratio
9 New car 91 91
10 Used car 99 98
Amount financed (dollars)
11 New car 20,699 20,503
12 Used car 13,970 13,906
(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 568.0(r) 712.0(r) 735.6(r)
By sector and instrument
2 Federal government 155.8 144.4 145.0
3 Treasury securities 155.7 142.9 146.6
4 Budget agency
securities and
mortgages .2 1.5 -1.6
5 Nonfederal 412.2(r) 567.6 590.6(r)
By instrument
6 Commercial paper 21.4 18.1 -.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 169.3(r) 196.7(r) 280.0(r)
12 Home 183.4 180.4 245.3
13 Multifamily
residential -3.5(r) 5.5(r) 9.3(r)
14 Commercial -12.9(r) 9.3(r) 22.9(r)
15 Farm 2.2 1.6 2.6
16 Consumer credit 124.9 138.9 88.8
By borrowing sector
17 Household 316.3 350.9 354.0
18 Nonfinancial business 142.2(r) 268.2(r) 243.4(r)
19 Corporate 134.5(r) 234.7(r) 154.9(r)
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 71.1 77.2
24 Commercial paper -26.1 13.5 11.3
25 Bonds 12.2 49.7 55.8
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 554.1(r) 783.1(r) 812.9(r)
Financial sectors
29 Total net borrowing by
financial sectors 468.4 453.9 548.9
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 180.9 249.8 317.5
35 Open market paper 40.5 42.7 92.2
36 Corporate bonds 121.8 195.9 176.9
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 25.5
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) 76.5 142.4 153.9
47 Finance companies 48.7 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 corporations 23.1 34.9 64.1
All sectors
52 Total net borrowing, all
sectors 1,022.5(r) 1,237.0(r) 1,361.8(r)
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 157.3 336.7 348.9
57 Bank loans n.e.c. 62.9 114.7 92.1
58 Other loans and advances 50.4 7.1 62.5
59 Mortgages 179.0(r) 202.0(r) 287.9(r)
60 Consumer credit 124.9 138.9 88.8
Funds raised through mutual funds
and corporate equities
61 Total net issues 113.4 131.5 209.1
62 Corporate equities 12.8 -16.0 -28.5
63 Nonfinancial
corporations -44.1 -58.3 -69.5
64 Foreign shares
purchased by U.S.
residents 48.1 50.4 60.0
65 Financial corporations 9.6 -8.1 -19.0
66 Mutual fund shares 100.6 147.4 237.6
1998
Transaction category or sector 1997 1998
Q2
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 775.8(r) 1,011.3(r) 1,033.7(r)
By sector and instrument
2 Federal government 23.1 -52.6 -28.4
3 Treasury securities 23.2 -54.6 -26.9
4 Budget agency
securities and
mortgages -.1 2.0 -1.4
5 Nonfederal 752.7(r) 1,063.9(r) 1,062.0(r)
By instrument
6 Commercial paper 13.7 24.4 3.8
7 Municipal securities
and loans 71.4 96.8 101.3
8 Corporate bonds 150.5 218.7 294.8
9 Bank loans n.e.c. 106.5 108.2 169.2
10 Other loans and
advances 69.1 74.3 40.8
11 Mortgages 289.0(r) 473.9(r) 390.1(r)
12 Home 237.6 367.9 289.1
13 Multifamily
residential 7.7(r) 19.2(r) 19.8(r)
14 Commercial 40.6(r) 80.5(r) 74.5(r)
15 Farm 3.2 6.2 6.7
16 Consumer credit 52.5 67.6 62.1
By borrowing sector
17 Household 327.3 471.9 420.3
18 Nonfinancial business 369.4(r) 511.7(r) 559.8(r)
19 Corporate 285.7(r) 405.7(r) 456.9(r)
20 Nonfarm noncorporate 77.4 98.4 95.4
21 Farm 6.2 7.7 7.5
22 State and local
government 56.1 80.3 82.0
23 Foreign net borrowing in
United States 57.6 33.6 97.9
24 Commercial paper 3.7 7.8 -25.5
25 Bonds 47.2 25.1 119.2
26 Bank loans n.e.c. 8.5 6.7 8.4
27 Other loans and
advances -1.8 -6.0 -4.2
28 Total domestic plus
foreign 833.4(r) 1,044.9(r) 1,131.6(r)
Financial sectors
29 Total net borrowing by
financial sectors 652.2 1,068.8 988.9
By instrument
30 Federal government-
related 212.8 470.9 405.4
31 Government-sponsored
enterprise
securities 98.4 278.3 166.4
32 Mortgage pool
securities 114.5 192.6 239.0
33 Loans from U.S.
government .0 .0 .0
34 Private 439.4 597.9 583.5
35 Open market paper 166.7 161.0 135.6
36 Corporate bonds 209.0 291.8 361.8
37 Bank loans n.e.c. 13.2 30.1 -9.7
38 Other loans and
advances 35.6 90.2 76.0
39 Mortgages 14.9 24.8 19.9
By borrowing sector
40 Commercial banking 46.1 72.9 80.8
41 Savings institutions 19.7 52.2 31.2
42 Credit unions .1 .6 .2
43 Life insurance companies .2 .7 -.6
44 Government-sponsored
enterprises 98.4 278.3 166.4
45 Federally related
mortgage pools 114.5 192.6 239.0
46 Issuers of asset-backed
securities (ABSs) 200.7 316.3 352.4
47 Finance companies 48.7 43.0 91.9
48 Mortgage companies -4.6 1.6 -28.2
49 Real estate investment
trusts (REITs) 39.6 62.7 64.4
50 Brokers and dealers 8.1 7.2 20.0
51 Funding corporations 80.7 40.7 -28.6
All sectors
52 Total net borrowing, all
sectors 1,485.6(r) 2,113.7(r) 2,120.5(r)
53 Open market paper 184.1 193.1 113.8
54 U.S. government securities 235.9 418.3 377.1
55 Municipal securities 71.4 96.8 101.3
56 Corporate and foreign
bonds 406.7 535.6 775.8
57 Bank loans n.e.c. 128.2 145.0 167.9
58 Other loans and advances 102.8 158.5 112.5
59 Mortgages 303.9(r) 498.6(r) 410.0(r)
60 Consumer credit 52.5 67.6 62.1
Funds raised through mutual funds
and corporate equities
61 Total net issues 165.6 76.5(r) 261.6(r)
62 Corporate equities -99.6 -198.1(r) -116.2(r)
63 Nonfinancial
corporations -114.4 -267.0 -129.1
64 Foreign shares
purchased by U.S.
residents 42.0 77.8 12.3
65 Financial corporations -27.1 -8.9(r) .6(r)
66 Mutual fund shares 265.1 274.6 377.8
1998 1999
Transaction category or sector
Q3 Q4 Q1
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 888.2(r) 1,056.5(r) 1,276.6(r)
By sector and instrument
2 Federal government -113.5 -54.1 -75.2
3 Treasury securities -113.1 -66.3 -73.7
4 Budget agency
securities and
mortgages -.4 12.2 -1.5
5 Nonfederal 1,001.7(r) 1,110.7(r) 1,351.8(r)
By instrument
6 Commercial paper 85.6 -43.0 58.3(r)
7 Municipal securities
and loans 82.9 89.6 100.7
8 Corporate bonds 108.0 193.2 274.0
9 Bankloans n.e.c. 107.8 120.9 70.0
10 Other loans and
advances 77.7 102.5 154.1(r)
11 Mortgages 460.2(r) 577.5(r) 563.1(r)
12 Home 375.2 429.1 414.9(r)
13 Multifamily
residential 13.2(r) 25.9(r) 32.4(r)
14 Commercial 66.3(r) 113.9(r) 112.1(r)
15 Farm 5.5 8.6 3.6
16 Consumer credit 79.6 69.9 131.5(r)
By borrowing sector
17 Household 473.4 528.6 558.6(r)
18 Nonfinancial business 458.3(r) 507.0(r) 705.8(r)
19 Corporate 353.4(r) 396.1(r) 597.5(r)
20 Nonfarm noncorporate 97.6 103.3 101.6
21 Farm 7.3 7.5 6.6
22 State and local
government 70.0 75.1 87.4
23 Foreign net borrowing in
United States -19.6 -38.9 17.0(r)
24 Commercial paper 6.2 -4.7 18.0(r)
25 Bonds -27.2 -34.2 .9
26 Bank loans n.e.c. 3.6 9.8 .9
27 Other loans and
advances -2.2 -9.7 -2.8
28 Total domestic plus
foreign 868.6(r) 1,017.7(r) 1,293.5(r)
Financial sectors
29 Total net borrowing by
financial sectors 1,056.3 1,298.7 1,213.1(r)
By instrument
30 Federal government-
related 555.8 673.3 592.2
31 Government-sponsored
enterprise
securities 294.0 510.5 193.0
32 Mortgage pool
securities 261.7 162.8 399.2
33 Loans from U.S.
government .0 .0 .0
34 Private 500.5 625.4 620.9(r)
35 Open market paper 141.0 130.7 78.3
36 Corporate bonds 177.4 281.9 489.7(r)
37 Bank loans n.e.c. 60.2 12.4 -8.8
38 Other loans and
advances 82.3 169.9 41.6
39 Mortgages 39.6 30.6 20.1
By borrowing sector
40 Commercial banking 61.7 66.3 31.1
41 Savings institutions 63.7 103.2 58.0
42 Credit unions 1.0 .4 1.5
43 Life insurance companies 1.6 1.8 3.3
44 Government-sponsored
enterprises 294.0 510.5 193.0
45 Federally related
mortgage pools 261.7 162.8 399.2
46 Issuers of asset-backed
securities (ABSs) 294.2 335.7 299.4(r)
47 Finance companies -12.0 17.8 71.2
48 Mortgage companies 2.3 3.0 -4.6
49 Real estate investment
trusts (REITs) 79.3 44.0 25.6
50 Brokers and dealers -2.6 12.4 -31.1
51 Funding corporations 11.2 40.9 166.5
All sectors
52 Total net borrowing, all
sectors 1,924.9(r) 2,316.4(r) 2,506.6(r)
53 Open market paper 232.7 83.0 154.6(r)
54 U.S. government securities 442.3 619.1 517.0
55 Municipal securities 82.9 89.6 100.7
56 Corporate and foreign
bonds 258.2 440.9 764.6(r)
57 Bank loans n.e.c. 171.6 143.0 62.1
58 Other loans and advances 157.8 262.7 192.9(r)
59 Mortgages 499.8(r) 608.1(r) 583.2(r)
60 Consumer credit 79.6 69.9 131.5(r)
Funds raised through mutual funds
and corporate equities
61 Total net issues -166.6(r) -3.5(r) 135.4(r)
62 Corporate equities -340.0(r) -228.3(r) -117.9(r)
63 Nonfinancial
corporations -308.4 -491.3 -52.2(r)
64 Foreign shares
purchased by U.S.
residents -32.8 317.4 -33.4
65 Financial corporations 1.1(r) -54.5(r) -32.3(r)
66 Mutual fund shares 173.4 224.8 253.3
1999
Transaction category or sector
Q2 Q3(r) Q4
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 871.5(r) 1,168.2 1,107.4
By sector and instrument
2 Federal government -112.2 -83.1 -16.9
3 Treasury securities -112.8 -83.2 -16.9
4 Budget agency
securities and
mortgages .6 .0 .0
5 Nonfederal 983.7(r) 1,251.3 1,124.3
By instrument
6 Commercial paper -2.6(r) 49.8 44.0
7 Municipal securities
and loans 48.0 77.0 47.0
8 Corporate bonds 287.6 202.8 155.2
9 Bank loans n.e.c. 22.2 112.8 123.7
10 Other loans and
advances -14.3(r) 78.9 66.6
11 Mortgages 580.4(r) 652.8 571.9
12 Home 422.9 492.8 396.4
13 Multifamily
residential 32.0(r) 43.7 45.7
14 Commercial 116.6(r) 109.1 124.9
15 Farm 9.0 7.2 4.9
16 Consumer credit 62.4(r) 77.3 115.9
By borrowing sector
17 Household 519.4(r) 614.6 533.8
18 Nonfinancial business 428.6(r) 579.7 559.8
19 Corporate 315.3(r) 449.9 413.4
20 Nonfarm noncorporate 114.2 120.2 140.8
21 Farm -1.0(r) 9.7 5.6
22 State and local
government 35.7 57.0 30.7
23 Foreign net borrowing in
United States -36.8(r) 62.2 30.8
24 Commercial paper -27.5(r) 41.1 33.6
25 Bonds -12.6 29.4 -8.2
26 Bank loans n.e.c. 5.6 -6.6 2.4
27 Other loans and
advances -2.3 -1.6 3.0
28 Total domestic plus
foreign 834.8(r) 1,230.4 1,138.2
Financial sectors
29 Total net borrowing by
financial sectors 1,016.1(r) 1,078.0 1,056.5
By instrument
30 Federal government-
related 578.9(r) 653.0 543.9
31 Government-sponsored
enterprise
securities 304.7 407.1 367.9
32 Mortgage pool
securities 274.3 245.9 176.0
33 Loans from U.S.
government .0 .0 .0
34 Private 437.2(r) 425.1 512.6
35 Open market paper 57.8 89.8 478.9
36 Corporate bonds 263.2(r) 184.9 -56.8
37 Bank loans n.e.c. 10.5 -6.2 -50.1
38 Other loans and
advances 117.9 147.2 121.8
39 Mortgages -12.3 9.4 18.8
By borrowing sector
40 Commercial banking 72.7 111.3 62.7
41 Savings institutions 58.6 55.2 11.5
42 Credit unions 1.4 2.8 3.3
43 Life insurance companies 3.0 1.1 -4.4
44 Government-sponsored
enterprises 304.7 407.1 367.9
45 Federally related
mortgage pools 274.3(r) 245.9 176.0
46 Issuers of asset-backed
securities (ABSs) 309.2(r) 227.4 114.3
47 Finance companies 88.4 -22.6 88.2
48 Mortgage companies 5.1 -6.1 6.2
49 Real estate investment
trusts (REITs) -19.7 7.9 17.7
50 Brokers and dealers -17.4 16.9 -37.3
51 Funding corporations -63.8 31.2 250.5
All sectors
52 Total net borrowing, all
sectors 1,850.9(r) 2,308.5 2,194.7
53 Open market paper 27.7(r) 180.6 556.5
54 U.S. government securities 466.8(r) 569.8 527.0
55 Municipal securities 48.0 77.0 47.0
56 Corporate and foreign
bonds 538.2(r) 417.1 90.3
57 Bank loans n.e.c. 38.3 100.0 75.9
58 Other loans and advances 101.3(r) 224.5 191.4
59 Mortgages 568.2(r) 662.1 590.7
60 Consumer credit 62.4(r) 77.3 115.9
Funds raised through mutual funds
and corporate equities
61 Total net issues 143.3(r) 47.7 167.7
62 Corporate equities -69.9(r) -79.1 -9.2
63 Nonfinancial
corporations -338.2(r) -138.6 -41.6
64 Foreign shares
purchased by U.S.
residents 270.9 76.7 64.0
65 Financial corporations 2.4(r) -17.2 -31.6
66 Mutual fund shares 208.2 126.8 176.9
(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
NET LENDING IN CREDIT MARKETS(2)
1 Total net lending in credit markets 1,022.5(r) 1,237.0(r)
2 Domestic nonfederal nonfinancial
sectors 223.4(r) -98.4(r)
3 Household 260.2(r) -3.0(r)
4 Nonfinancial corporate business 17.7 -8.8
5 Nonfarm noncorporate business .6 4.7
6 State and local governments -55.0 -91.4
7 Federal government -27.4 -.2
8 Rest of the world 132.3 273.9
9 Financial sectors 694.1 1,061.7
10 Monetary authority 31.5 12.7
11 Commercial banking 163.4 265.9
12 U.S.-chartered banks 148.1 186.5
13 Foreign banking offices in
United States 11.2 75.4
14 Bank holding companies .9 -.3
15 Banks in U.S.-affiliated areas 3.3 4.2
16 Savings institutions 6.7 -7.6
17 Credit unions 28.1 16.2
18 Bank personal trusts and estates 7.1 -8.3
19 Life insurance companies 72.0 100.0
20 Other insurance companies 24.9 21.5
21 Private pension funds 46.1 56.0
22 State and local government
retirement funds 30.9 33.6
23 Money market mutual funds 30.0 86.5
24 Mutual funds -7.1 52.5
25 Closed-end funds -3.7 10.5
26 Government-sponsored enterprises 117.8 86.7
27 Federally related mortgage pools 115.4 98.2
28 Asset-backed securities
issuers (ABSs) 69.4 120.6
29 Finance companies 48.3 49.9
30 Mortgage companies -24.0 -3.4
31 Real estate investment trusts (REITs) -.7 1.4
32 Brokers and dealers -44.2 90.1
33 Funding corporations -17.8 -21.2
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 1,022.5(r) 1,237.0(r)
Other financial sources
35 Official foreign exchange -5.8 8.8
36 Special drawing rights certificates .0 2.2
37 Treasury currency .7 .6
38 Foreign deposits 52.9 35.3
39 Net interbank transactions 89.8 10.0
40 Checkable deposits and currency -9.7 -12.7
41 Small time and savings deposits -39.9 96.6
42 Large time deposits 19.6 65.6
43 Money market fund shares 43.3 142.3
44 Security repurchase agreements 78.2 110.5
45 Corporate equities 12.8 -16.0
46 Mutual fund shares 100.6 147.4
47 Trade payables 120.0 128.9
48 Security credit -.1 26.7
49 Life insurance reserves 35.5 45.8
50 Pension fund reserves 254.7 235.1
51 Taxes payable 2.6 6.2
52 Investment in bank personal trusts 17.8 4.0
53 Noncorporate proprietors' equity 62.7(r) 65.6(r)
54 Miscellaneous 253.4(r) 453.6(r)
55 Total financial sources 2,111.6(r) 2,793.5(r)
Liabilities not identified as
assets (-)
56 Treasury currency -.2 -.5
57 Foreign deposits 43.0 25.1
58 Net interbank liabilities -2.7 -3.1
59 Security repurchase agreements 67.7 20.2
60 Taxes payable 16.6 21.1
61 Miscellaneous -120.2(r) -179.5(r)
Floats not included in assets (-)
62 Federal government checkable deposits -4.8 -6.0
63 Other checkable deposits -2.8 -3.8
64 Trade credit 27.4 15.6
65 Total identified to sectors as assets 2,087.5(r) 2,904.5(r)
Transaction category or sector 1996 1997
NET LENDING IN CREDIT MARKETS(2)
1 Total net lending in credit markets 1,361.8(r) 1,485.6(r)
2 Domestic nonfederal nonfinancial
sectors 15.1(r) -79.2(r)
3 Household 63.4(r) -76.5(r)
4 Nonfinancial corporate business -10.2(r) -2.3
5 Nonfarm noncorporate business -4.3 -.6
6 State and local governments -33.7 .1
7 Federal government -7.4 5.1
8 Rest of the world 414.4 310.7
9 Financial sectors 939.7 1,249.0
10 Monetary authority 12.3 38.3
11 Commercial banking 187.5 324.3
12 U.S.-chartered banks 119.6 274.9
13 Foreign banking offices in
United States 63.3 40.2
14 Bank holding companies 3.9 5.4
15 Banks in U.S.-affiliated areas .7 3.7
16 Savings institutions 19.9 -4.7
17 Credit unions 25.5 16.8
18 Bank personal trusts and estates -7.7 -25.0
19 Life insurance companies 69.6 104.8
20 Other insurance companies 22.5 25.2
21 Private pension funds 52.3 65.5
22 State and local government
retirement funds 37.3 63.8
23 Money market mutual funds 88.8 87.5
24 Mutual funds 48.9 80.9
25 Closed-end funds 4.7 -2.9
26 Government-sponsored enterprises 84.2 94.3
27 Federally related mortgage pools 141.1 114.5
28 Asset-backed securities
issuers (ABSs) 123.6 162.3
29 Finance companies 18.4 21.9
30 Mortgage companies 8.2 -9.1
31 Real estate investment trusts (REITs) 4.4 20.2
32 Brokers and dealers -15.7 14.9
33 Funding corporations 14.0 55.6
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 1,361.8(r) 1,485.6(r)
Other financial sources
35 Official foreign exchange -6.3 .7
36 Special drawing rights certificates -.5 -.5
37 Treasury currency .1 .0
38 Foreign deposits 85.9 106.8
39 Net interbank transactions -51.6 -19.7
40 Checkable deposits and currency 15.8 41.5
41 Small time and savings deposits 97.2 97.1
42 Large time deposits 114.0 122.5
43 Money market fund shares 145.8 157.6
44 Security repurchase agreements 41.4 120.9
45 Corporate equities -28.5 -99.6
46 Mutual fund shares 237.6 265.1
47 Trade payables 114.8 125.9
48 Security credit 52.4 111.0
49 Life insurance reserves 44.5 59.3
50 Pension fund reserves 246.9 304.0
51 Taxes payable 16.0 16.8
52 Investment in bank personal trusts -8.6 -56.3
53 Noncorporate proprietors' equity 5.1(r) 9.9(r)
54 Miscellaneous 508.1(r) 527.5(r)
55 Total financial sources 2,992.0(r) 3,376.2(r)
Liabilities not identified as
assets (-)
56 Treasury currency -.9 -.6
57 Foreign deposits 59.6 106.8
58 Net interbank liabilities -3.3 -19.9
59 Security repurchase agreements 4.5 62.3
60 Taxes payable 22.8 26.8
61 Miscellaneous -37.3(r) -214.7(r)
Floats not included in assets (-)
62 Federal government checkable deposits .5 -2.7
63 Other checkable deposits -4.0 -3.9
64 Trade credit -21.2 33.2
65 Total identified to sectors as assets 2,971.4(r) 3,388.8(r)
1998
Transaction category or sector 1998
Q2
NET LENDING IN CREDIT MARKETS(2)
1 Total net lending in credit markets 2,113.7(r) 2,120.5(r)
2 Domestic nonfederal nonfinancial
sectors 35.1(r) 461.4(r)
3 Household -64.0(r) 335.0(r)
4 Nonfinancial corporate business -.3(r) -47.9
5 Nonfarm noncorporate business .0 .0
6 State and local governments 99.5 174.3
7 Federal government 13.5 12.9
8 Rest of the world 249.3 321.8
9 Financial sectors 1,815.8(r) 1,324.5(r)
10 Monetary authority 21.1 11.5
11 Commercial banking 305.2 132.7
12 U.S.-chartered banks 312.0 130.0
13 Foreign banking offices in
United States -11.9 15.2
14 Bank holding companies -.9 -17.6
15 Banks in U.S.-affiliated areas 6.0 5.1
16 Savings institutions 36.3 2.1
17 Credit unions 19.0 22.7
18 Bank personal trusts and estates -12.8 -11.3
19 Life insurance companies 76.9 63.4
20 Other insurance companies 20.4 -1.5
21 Private pension funds 118.7 130.1
22 State and local government
retirement funds 66.0(r) 78.4
23 Money market mutual funds 244.0 208.1
24 Mutual funds 124.8 146.4
25 Closed-end funds 4.5 4.5
26 Government-sponsored enterprises 260.8 150.6
27 Federally related mortgage pools 192.6 239.0
28 Asset-backed securities
issuers (ABSs) 276.7 321.4
29 Finance companies 51.9 24.0
30 Mortgage companies 3.2 -56.4
31 Real estate investment trusts (REITs) -5.1 6.1
32 Brokers and dealers 6.8(r) -133.2(r)
33 Funding corporations 5.0(r) -14.2(r)
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 2,113.7(r) 2,120.5(r)
Other financial sources
35 Official foreign exchange 6.6 8.1
36 Special drawing rights certificates .0 .0
37 Treasury currency .0 .2
38 Foreign deposits -.2 92.9
39 Net interbank transactions -32.3(r) 40.1
40 Checkable deposits and currency 47.6 90.1
41 Small time and savings deposits 152.4 84.9
42 Large time deposits 92.1 -5.6
43 Money market fund shares 285.5 247.2
44 Security repurchase agreements 91.3(r) 50.7(r)
45 Corporate equities -198.1(r) -116.2(r)
46 Mutual fund shares 274.6 377.8
47 Trade payables 27.9(r) -27.9
48 Security credit 103.3(r) 131.3(r)
49 Life insurance reserves 53.3 53.3
50 Pension fund reserves 290.4(r) 272.8(r)
51 Taxes payable 12.5(r) 1.9(r)
52 Investment in bank personal trusts -48.0 -46.5
53 Noncorporate proprietors' equity -19.9(r) -19.2(r)
54 Miscellaneous 710.0(r) 434.1(r)
55 Total financial sources 3,962.6(r) 3,790.4(r)
Liabilities not identified as
assets (-)
56 Treasury currency -.7 -.3
57 Foreign deposits -8.1 149.9
58 Net interbank liabilities 3.4 8.9
59 Security repurchase agreements 54.1(r) -18.6(r)
60 Taxes payable 17.7(r) 9.1
61 Miscellaneous -58.3(r) -323.0(r)
Floats not included in assets (-)
62 Federal government checkable deposits 2.6 -44.4
63 Other checkable deposits -3.1 -2.9
64 Trade credit -30.9(r) -110.5
65 Total identified to sectors as assets 3,986.1(r) 4,122.2(r)
1998
Transaction category or sector
Q3 Q4
NET LENDING IN CREDIT MARKETS(2)
1 Total net lending in credit markets 1,924.9(r) 2,316.4(r)
2 Domestic nonfederal nonfinancial
sectors 27.9(r) -304.3(r)
3 Household -106.6(r) -425.4(r)
4 Nonfinancial corporate business 8.9(r) 29.3(r)
5 Nonfarm noncorporate business .0 .0
6 State and local governments 125.7 91.7
7 Federal government 13.8 11.7
8 Rest of the world 60.8 390.7
9 Financial sectors 1,822.3(r) 2,218.3(r)
10 Monetary authority 41.6 3.5
11 Commercial banking 250.1 531.5
12 U.S.-chartered banks 309.2 540.2
13 Foreign banking offices in
United States -68.1 -12.1
14 Bank holding companies 6.0 -7.4
15 Banks in U.S.-affiliated areas 2.9 10.7
16 Savings institutions 17.9 113.3
17 Credit unions 21.0 16.0
18 Bank personal trusts and estates -16.0 -13.5
19 Life insurance companies 65.6 86.0
20 Other insurance companies -7.7 67.6
21 Private pension funds 95.5(r) 174.5(r)
22 State and local government
retirement funds 68.7(r) 49.5(r)
23 Money market mutual funds 255.5 353.1
24 Mutual funds 92.9 103.5
25 Closed-end funds 4.5 4.5
26 Government-sponsored enterprises 264.7 429.5
27 Federally related mortgage pools 261.7 162.8
28 Asset-backed securities
issuers (ABSs) 248.7 312.7
29 Finance companies 79.5 75.3
30 Mortgage companies 4.5 6.0
31 Real estate investment trusts (REITs) -11.3 -40.8
32 Brokers and dealers 146.0(r) -226.1(r)
33 Funding corporations -61.4(r) 9.4(r)
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 1,924.9(r) 2,316.4(r)
Other financial sources
35 Official foreign exchange 8.9 8.6
36 Special drawing rights certificates .0 .0
37 Treasury currency 1.7 -2.3
38 Foreign deposits 84.9 -131.9
39 Net interbank transactions 44.7(r) -118.9(r)
40 Checkable deposits and currency -24.9 72.8
41 Small time and savings deposits 144.7 281.2
42 Large time deposits 81.8 104.4
43 Money market fund shares 367.9 313.1
44 Security repurchase agreements 274.8(r) -181.8(r)
45 Corporate equities -340.0(r) -228.3(r)
46 Mutual fund shares 173.4 224.8
47 Trade payables 57.9(r) -56.9(r)
48 Security credit 149.5(r) -25.7(r)
49 Life insurance reserves 51.7 59.0
50 Pension fund reserves 279.2(r) 314.8(r)
51 Taxes payable 27.5 8.4(r)
52 Investment in bank personal trusts -51.2 -48.8
53 Noncorporate proprietors' equity -64.0(r) 16.3(r)
54 Miscellaneous 749.8(r) 577.8(r)
55 Total financial sources 3,943.2(r) 3,502.8(r)
Liabilities not identified as
assets (-)
56 Treasury currency 1.1 -3.4
57 Foreign deposits 69.9 -156.5
58 Net interbank liabilities 22.3 -52.8
59 Security repurchase agreements 153.8(r) -11.0(r)
60 Taxes payable 28.2 19.1(r)
61 Miscellaneous -70.6(r) .7(r)
Floats not included in assets (-)
62 Federal government checkable deposits 32.4 14.0
63 Other checkable deposits -3.6 -1.8
64 Trade credit -65.0(r) -20.2(r)
65 Total identified to sectors as assets 3,774.7(r) 3,714.5(r)
1999
Transaction category or sector
Q1 Q2
NET LENDING IN CREDIT MARKETS(2)
1 Total net lending in credit markets 2,506.6(r) 1,850.9(r)
2 Domestic nonfederal nonfinancial
sectors 398.8(r) 351.3(r)
3 Household 347.4(r) 280.9(r)
4 Nonfinancial corporate business -1.1(r) 17.3(r)
5 Nonfarm noncorporate business .4 -.2
6 State and local governments 52.2 53.3
7 Federal government 17.0(r) 6.9(r)
8 Rest of the world 253.3(r) 37.4(r)
9 Financial sectors 1,837.5(r) 1,455.2(r)
10 Monetary authority 71.8 62.4
11 Commercial banking 68.9 135.4
12 U.S.-chartered banks 134.1 231.5
13 Foreign banking offices in
United States -54.9 -105.7
14 Bank holding companies -6.0 .4
15 Banks in U.S.-affiliated areas -4.4 9.2
16 Savings institutions 102.7 88.8
17 Credit unions 34.7 32.1
18 Bank personal trusts and estates -7.6 -8.4
19 Life insurance companies 82.2 84.0
20 Other insurance companies -19.7 26.7
21 Private pension funds 60.6(r) 150.0
22 State and local government
retirement funds 76.5(r) 27.3(r)
23 Money market mutual funds 227.6 -92.6
24 Mutual funds 103.0 121.0
25 Closed-end funds 4.4 4.4
26 Government-sponsored enterprises 157.2 259.2
27 Federally related mortgage pools 399.2 274.3(r)
28 Asset-backed securities
issuers (ABSs) 281.8(r) 292.4(r)
29 Finance companies 92.2 79.6
30 Mortgage companies -9.1 10.2
31 Real estate investment trusts (REITs) 1.7 -2.2
32 Brokers and dealers 88.0(r) -193.7(r)
33 Funding corporations 21.5(r) 104.4(r)
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 2,506.6(r) 1,850.9(r)
Other financial sources
35 Official foreign exchange -14.0 -5.4
36 Special drawing rights certificates -4.0 .0
37 Treasury currency .0 2.1
38 Foreign deposits 127.7 99.3
39 Net interbank transactions 49.5(r) 90.6(r)
40 Checkable deposits and currency 61.1 10.1
41 Small time and savings deposits -68.0 100.0
42 Large time deposits -5.9 42.6
43 Money market fund shares 204.9 100.5
44 Security repurchase agreements 253.3(r) -27.9(r)
45 Corporate equities -117.9(r) -64.9(r)
46 Mutual fund shares 253.3 208.2
47 Trade payables 144.8(r) 237.1(r)
48 Security credit -66.6(r) 139.9(r)
49 Life insurance reserves 40.8 59.6
50 Pension fund reserves 286.1(r) 324.4
51 Taxes payable -8.0(r) 41.8(r)
52 Investment in bank personal trusts -32.0 -25.9
53 Noncorporate proprietors' equity 10.1(r) 16.0(r)
54 Miscellaneous 129.4(r) 1,223.6(r)
55 Total financial sources 3,751.3(r) 4,422.5(r)
Liabilities not identified as
assets (-)
56 Treasury currency -1.5 .6
57 Foreign deposits 62.7 83.5(r)
58 Net interbank liabilities 58.7 -1.7
59 Security repurchase agreements 209.4(r) 67.5(r)
60 Taxes payable -15.4(r) 4.8(r)
61 Miscellaneous -408.9(r) -568.0(r)
Floats not included in assets (-)
62 Federal government checkable deposits -1.8 -41.4
63 Other checkable deposits -1.9 -1.0
64 Trade credit 45.8(r) -9.9(r)
65 Total identified to sectors as assets 3,804.3(r) 4,888.1(r)
1999
Transaction category or sector
Q3(r) Q4
NET LENDING IN CREDIT MARKETS(2)
1 Total net lending in credit markets 2,308.5 2,194.7
2 Domestic nonfederal nonfinancial
sectors 147.9 55.0
3 Household 147.9 -59.1
4 Nonfinancial corporate business 34.6 82.1
5 Nonfarm noncorporate business -.6 .0
6 State and local governments -33.9 32.0
7 Federal government 11.4 12.9
8 Rest of the world 371.3 237.3
9 Financial sectors 1,777.8 1,889.5
10 Monetary authority 34.1 -65.7
11 Commercial banking 435.5 592.8
12 U.S.-chartered banks 410.7 494.2
13 Foreign banking offices in
United States 30.6 49.5
14 Bank holding companies -12.4 42.6
15 Banks in U.S.-affiliated areas 6.6 6.6
16 Savings institutions 60.9 22.0
17 Credit unions 36.6 21.2
18 Bank personal trusts and estates -8.6 -9.1
19 Life insurance companies 52.9 71.3
20 Other insurance companies -14.4 -12.6
21 Private pension funds 45.4 104.9
22 State and local government
retirement funds 38.4 49.1
23 Money market mutual funds 232.1 360.8
24 Mutual funds -20.2 1.1
25 Closed-end funds 4.3 4.3
26 Government-sponsored enterprises 287.5 264.6
27 Federally related mortgage pools 245.9 176.0
28 Asset-backed securities
issuers (ABSs) 218.9 84.5
29 Finance companies 94.7 116.9
30 Mortgage companies -12.1 12.3
31 Real estate investment trusts (REITs) -2.7 -7.3
32 Brokers and dealers 16.3 -37.4
33 Funding corporations 32.4 140.0
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit markets 2,308.5 2,194.7
Other financial sources
35 Official foreign exchange -8.5 -5.5
36 Special drawing rights certificates -4.0 -4.0
37 Treasury currency 2.0 -4.1
38 Foreign deposits 63.6 -55.9
39 Net interbank transactions -36.0 -55.4
40 Checkable deposits and currency 141.0 394.2
41 Small time and savings deposits 144.7 4.3
42 Large time deposits 105.2 379.2
43 Money market fund shares 180.3 516.7
44 Security repurchase agreements 114.6 345.7
45 Corporate equities -79.1 -9.2
46 Mutual fund shares 126.8 176.9
47 Trade payables 190.8 90.4
48 Security credit 29.5 271.1
49 Life insurance reserves 41.5 63.2
50 Pension fund reserves 305.0 373.5
51 Taxes payable -1.8 14.0
52 Investment in bank personal trusts -34.3 -32.3
53 Noncorporate proprietors' equity -47.4 -18.5
54 Miscellaneous 360.0 682.3
55 Total financial sources 3,902.2 5,321.4
Liabilities not identified as
assets (-)
56 Treasury currency .2 -6.3
57 Foreign deposits 19.9 13.6
58 Net interbank liabilities -1.0 -53.1
59 Security repurchase agreements 43.0 -153.9
60 Taxes payable 2.4 -10.1
61 Miscellaneous -539.2 -112.4
Floats not included in assets (-)
62 Federal government checkable deposits 23.0 -8.7
63 Other checkable deposits -.5 .1
64 Trade credit 71.7 39.7
65 Total identified to sectors as assets 4,282.6 5,612.6
(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
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors 13,723.8(r) 14,459.4(r)
By sector and instrument
2 Federal government 3,636.7 3,781.8
3 Treasury securities 3,608.5 3,755.1
4 Budget agency securities and
mortgages 28.2 26.6
5 Nonfederal 10,087.1(r) 10,677.7(r)
By instrument
6 Commercial paper 157.4 156.4
7 Municipal securities and loans 1,293.5 1,296.0
8 Corporate bonds 1,344.1 1,460.4
9 Bank loans n.e.c. 863.6 934.1
10 Other loans and advances 736.9 770.4
11 Mortgages 4,568.8(r) 4,848.9(r)
12 Home 3,510.4 3,721.9
13 Multifamily residential 265.5(r) 278.4(r)
14 Commercial 708.5(r) 761.4(r)
15 Farm 84.6 87.1
16 Consumer credit 1,122.8 1,211.6
By borrowing sector
17 Household 4,782.8 5,108.0
18 Nonfinancial business 4,234.1(r) 4,506.2(r)
19 Corporate 2,936.6(r) 3,120.2(r)
20 Nonfarm noncorporate 1,152.4 1,236.1
21 Farm 145.1 149.9
22 State and local government 1,070.2 1,063.4
23 Foreign credit market debt held in
United States 441.4 518.7
24 Commercial paper 56.2 67.5
25 Bonds 291.9 347.7
26 Bank loans n.e.c. 34.6 43.7
27 Other loans and advances 58.8 59.8
28 Total credit market debt owed by
nonfinancial sectors, domestic
and foreign 14,165.2(r) 14,978.1(r)
Financial sectors
29 Total credit market debt owed by
financial sectors 4,278.8 4,827.7
By Instrument
30 Federal government-related 2,376.8 2,608.3
31 Government-sponsored enterprise
securities 806.5 896.9
32 Mortgage pool securities 1,570.3 1,711.4
33 Loans from U.S. government .0 .0
34 Private 1,901.9 2,219.4
35 Open market paper 486.9 579.1
36 Corporate bonds 1,204.7 1,381.5
37 Bank loans n.e.c. 51.4 64.0
38 Other loans and advances 135.0 162.9
39 Mortgages 24.1 31.9
By borrowing sector
40 Commercial banks 102.6 113.6
41 Bank holding companies 148.0 150.0
42 Savings institutions 115.0 140.5
43 Credit unions .4 .4
44 Life insurance companies .5 1.6
45 Government-sponsored enterprises 806.5 896.9
46 Federally related mortgage pools 1,570.3 1,711.4
47 Issuers of asset-backed
securities (ABSs) 712.5 866.4
48 Brokers and dealers 29.3 27.3
49 Finance companies 483.9 529.8
50 Mortgage companies 16.5 20.6
51 Real estate investment trusts
(REITs) 44.6 56.5
52 Funding corporations 248.6 312.7
All sectors
53 Total credit market debt,
domestic and foreign 18,444.0(r) 19,805.8(r)
54 Open market paper 700.4 803.0
55 U.S. government securities 6,013.6 6,390.0
56 Municipal securities 1,293.5 1,296.0
57 Corporate and foreign bonds 2,840.7 3,189.6
58 Bank loans n.e.c. 949.6 1,041.7
59 Other loans and advances 930.6 993.1
60 Mortgages 4,592.9(r) 4,880.8(r)
61 Consumer credit 1,122.8 1,211.6
Transaction category or sector 1997 1998
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors 15,233.8(r) 16,245.0(r)
By sector and instrument
2 Federal government 3,804.9 3,752.2
3 Treasury securities 3,778.3 3,723.7
4 Budget agency securities and
mortgages 26.5 28.5
5 Nonfederal 11,428.9(r) 12,492.8(r)
By instrument
6 Commercial paper 168.6 193.0
7 Municipal securities and loans 1,367.5 1,464.3
8 Corporate bonds 1,610.9 1,829.6
9 Bank loans n.e.c. 1,040.5 1,148.8
10 Other loans and advances 839.5 913.8
11 Mortgages 5,137.8(r) 5,611.7(r)
12 Home 3,959.5 4,327.5
13 Multifamily residential 286.1(r) 305.3(r)
14 Commercial 801.9(r) 882.4(r)
15 Farm 90.3 96.5
16 Consumer credit 1,264.1 1,331.7
By borrowing sector
17 Household 5,438.0 5,909.9
18 Nonfinancial business 4,871.4(r) 5,383.1(r)
19 Corporate 3,401.7(r) 3,807.3(r)
20 Nonfarm noncorporate 1,313.6 1,411.9
21 Farm 156.1 163.8
22 State and local government 1,119.5 1,199.8
23 Foreign credit market debt held in
United States 570.1 603.7
24 Commercial paper 65.1 72.9
25 Bonds 394.9 420.0
26 Bank loans n.e.c. 52.1 58.9
27 Other loans and advances 58.0 52.0
28 Total credit market debt owed by
nonfinancial sectors, domestic
and foreign 15,803.9(r) 16,848.7(r)
Financial sectors
29 Total credit market debt owed by
financial sectors 5,446.8 6,515.6
By Instrument
30 Federal government-related 2,821.1 3,292.0
31 Government-sponsored enterprise
securities 995.3 1,273.6
32 Mortgage pool securities 1,825.8 2,018.4
33 Loans from U.S. government .0 .0
34 Private 2,625.7 3,223.6
35 Open market paper 745.7 906.7
36 Corporate bonds 1,557.5 1,849.4
37 Bank loans n.e.c. 77.2 107.2
38 Other loans and advances 198.5 288.7
39 Mortgages 46.8 71.6
By borrowing sector
40 Commercial banks 140.6 188.6
41 Bank holding companies 168.6 193.5
42 Savings institutions 160.3 212.4
43 Credit unions .6 1.1
44 Life insurance companies 1.8 2.5
45 Government-sponsored enterprises 995.3 1,273.6
46 Federally related mortgage pools 1,825.8 2,018.4
47 Issuers of asset-backed
securities (ABSs) 1,078.2 1,394.6
48 Brokers and dealers 35.3 42.5
49 Finance companies 554.5 597.5
50 Mortgage companies 16.0 17.7
51 Real estate investment trusts
(REITs) 96.1 158.8
52 Funding corporations 373.7 414.4
All sectors
53 Total credit market debt,
domestic and foreign 21,250.7(r) 23,364.4(r)
54 Open market paper 979.4 1,172.6
55 U.S. government securities 6,626.0 7,044.3
56 Municipal securities 1,367.5 1,464.3
57 Corporate and foreign bonds 3,563.3 4,098.9
58 Bank loans n.e.c. 1,169.8 1,314.9
59 Other loans and advances 1,095.9 1,254.4
60 Mortgages 5,184.7(r) 5,683.3(r)
61 Consumer credit 1,264.1 1.331.7
1998
Transaction category or sector
Q2 Q3
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors 15,710.4(r) 15,921.7(r)
By sector and instrument
2 Federal government 3,749.0 3,720.2
3 Treasury securities 3,723.4 3,694.7
4 Budget agency securities and
mortgages 25.6 25.5
5 Nonfederal 11,961.4(r) 12,201.5(r)
By instrument
6 Commercial paper 202.5 216.9
7 Municipal securities and loans 1,429.3 1,439.9
8 Corporate bonds 1,754.3 1,781.3
9 Bank loans n.e.c. 1,097.6 1,120.6
10 Other loans and advances 873.1 886.8
11 Mortgages 5,347.9(r) 5,469.5(r)
12 Home 4,122.0 4,222.4
13 Multifamily residential 295.5(r) 298.8(r)
14 Commercial 837.4(r) 853.9(r)
15 Farm 93.0 94.4
16 Consumer credit 1,256.8 1,286.6
By borrowing sector
17 Household 5,618.8 5,752.1
18 Nonfinancial business 5,171.8(r) 5,270.7(r)
19 Corporate 3,649.0(r) 3,722.1(r)
20 Nonfarm noncorporate 1,361.8 1,385.5
21 Farm 161.0 163.1
22 State and local government 1,170.8 1,178.8
23 Foreign credit market debt held in
United States 617.1 612.8
24 Commercial paper 71.4 74.0
25 Bonds 435.4 428.6
26 Bank loans n.e.c. 55.5 56.4
27 Other loans and advances 54.8 53.8
28 Total credit market debt owed by
nonfinancial sectors, domestic
and foreign 16,327.4(r) 16,534.4(r)
Financial sectors
29 Total credit market debt owed by
financial sectors 5,926.8 6,195.5
By Instrument
30 Federal government-related 2,981.4 3,121.7
31 Government-sponsored enterprise
securities 1,072.5 1,146.0
32 Mortgage pool securities 1,908.9 1,975.7
33 Loans from U.S. government .0 .0
34 Private 2,945.4 3,073.8
35 Open market paper 838.9 874.2
36 Corporate bonds 1,738.7 1,786.2
37 Bank loans n.e.c. 88.2 103.2
38 Other loans and advances 225.6 246.2
39 Mortgages 54.1 64.0
By borrowing sector
40 Commercial banks 159.6 169.6
41 Bank holding companies 190.5 196.1
42 Savings institutions 170.7 186.6
43 Credit unions .8 1.0
44 Life insurance companies 1.6 2.0
45 Government-sponsored enterprises 1,072.5 1,146.0
46 Federally related mortgage pools 1,908.9 1,975.7
47 Issuers of asset-backed
securities (ABSs) 1,230.4 1,307.0
48 Brokers and dealers 40.1 39.4
49 Finance companies 596.9 589.4
50 Mortgage companies 16.3 16.9
51 Real estate investment trusts
(REITs) 128.0 147.8
52 Funding corporations 410.5 417.9
All sectors
53 Total credit market debt,
domestic and foreign 22,254.2(r) 22,730.0(r)
54 Open market paper 1,112.7 1,165.1
55 U.S. government securities 6,730.3 6,841.9
56 Municipal securities 1,429.3 1,439.9
57 Corporate and foreign bonds 3,928.3 3,996.0
58 Bank loans n.e.c. 1,241.3 1,280.3
59 Other loans and advances 1,153.6 1,186.8
60 Mortgages 5,402.0(r) 5,533.5(r)
61 Consumer credit 1,256.8 1,286.6
1998 1999
Transaction category or sector
Q4 Q1
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors 16,245.0(r) 16,557.5(r)
By sector and instrument
2 Federal government 3,752.2 3,759.7
3 Treasury securities 3,723.7 3,731.6
4 Budget agency securities and
mortgages 28.5 28.1
5 Nonfederal 12,492.8(r) 12,797.8(r)
By instrument
6 Commercial paper 193.0 223.9
7 Municipal securities and loans 1,464.3 1,491.0
8 Corporate bonds 1,829.6 1,898.1
9 Bank loans n.e.c. 1,148.8 1,165.2
10 Other loans and advances 913.8 957.5(r)
11 Mortgages 5,611.7(r) 5,742.9(r)
12 Home 4,327.5 4,420.2(r)
13 Multifamily residential 305.3(r) 313.6(r)
14 Commercial 882.4(r) 911.7(r)
15 Farm 96.5 97.4
16 Consumer credit 1,331.7 1,319.3
By borrowing sector
17 Household 5,909.9 5,993.0
18 Nonfinancial business 5,383.1(r) 5,581.7(r)
19 Corporate 3,807.3(r) 3,981.8(r)
20 Nonfarm noncorporate 1,411.9 1,437.4
21 Farm 163.8 162.4
22 State and local government 1,199.8 1,223.2
23 Foreign credit market debt held in
United States 603.7 607.8
24 Commercial paper 72.9 77.2
25 Bonds 420.0 420.2
26 Bank loans n.e.c. 58.9 59.1
27 Other loans and advances 52.0 51.3
28 Total credit market debt owed by
nonfinancial sectors, domestic
and foreign 16,848.7(r) 17,165.3(r)
Financial sectors
29 Total credit market debt owed by
financial sectors 6,515.6 6,809.0(r)
By Instrument
30 Federal government-related 3,292.0 3,434.1
31 Government-sponsored enterprise
securities 1,273.6 1,321.8
32 Mortgage pool securities 2,018.4 2,112.3
33 Loans from U.S. government .0 .0
34 Private 3,223.6 3,374.9(r)
35 Open market paper 906.7 926.4
36 Corporate bonds 1,849.4 1,968.6(r)
37 Bank loans n.e.c. 107.2 104.1
38 Other loans and advances 288.7 299.1
39 Mortgages 71.6 76.6
By borrowing sector
40 Commercial banks 188.6 187.5
41 Bank holding companies 193.5 202.6
42 Savings institutions 212.4 226.9
43 Credit unions 1.1 1.5
44 Life insurance companies 2.5 3.3
45 Government-sponsored enterprises 1,273.6 1,321.8
46 Federally related mortgage pools 2,018.4 2,112.3
47 Issuers of asset-backed
securities (ABSs) 1,394.6 1,463.1(r)
48 Brokers and dealers 42.5 34.8
49 Finance companies 597.5 614.4
50 Mortgage companies 17.7 16.5
51 Real estate investment trusts
(REITs) 158.8 165.2
52 Funding corporations 414.4 459.1
All sectors
53 Total credit market debt,
domestic and foreign 23,364.4(r) 23,974.3(r)
54 Open market paper 1,172.6 1,227.6
55 U.S. government securities 7,044.3 7,193.8
56 Municipal securities 1,464.3 1,491.0
57 Corporate and foreign bonds 4,098.9 4,286.9(r)
58 Bank loans n.e.c. 1,314.9 1,328.3
59 Other loans and advances 1,254.4 1,307.8(r)
60 Mortgages 5,683.3(r) 5,819.6(r)
61 Consumer credit 1,331.7 1,319.3
1999
Transaction category or sector
Q2 Q3(r)
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors 16,730.6(r) 17,048.8
By sector and instrument
2 Federal government 3,651.7 3,632.7
3 Treasury securities 3,623.4 3,604.5
4 Budget agency securities and
mortgages 28.3 28.3
5 Nonfederal 13,078.9(r) 13,416.1
By instrument
6 Commercial paper 232.4 239.3
7 Municipal securities and loans 1,510.0 1,518.6
8 Corporate bonds 1,970.0 2,020.7
9 Bank loans n.e.c. 1,178.5 1,202.9
10 Other loans and advances 953.5(r) 967.1
11 Mortgages 5,894.2(r) 6,097.4
12 Home 4,532.1 4,662.4
13 Multifamily residential 321.6(r) 332.6
14 Commercial 940.8(r) 1,001.0
15 Farm 99.6(r) 101.4
16 Consumer credit 1,340.4 1,370.1
By borrowing sector
17 Household 6,136.7 6,306.1
18 Nonfinancial business 5,704.0(r) 5,867.6
19 Corporate 4,071.9(r) 4,203.6
20 Nonfarm noncorporate 1,466.0 1,495.3
21 Farm 166.1 168.7
22 State and local government 1,238.2 1,242.4
23 Foreign credit market debt held in
United States 598.2 614.7
24 Commercial paper 70.1 81.8
25 Bonds 417.1 424.4
26 Bank loans n.e.c. 60.5 58.8
27 Other loans and advances 50.5 49.7
28 Total credit market debt owed by
nonfinancial sectors, domestic
and foreign 17,328.8(r) 17,663.6
Financial sectors
29 Total credit market debt owed by
financial sectors 7,073.3(r) 7,347.6
By Instrument
30 Federal government-related 3,580.7(r) 3,745.9
31 Government-sponsored enterprise
securities 1,398.0 1,499.8
32 Mortgage pool securities 2,182.7(r) 2,246.1
33 Loans from U.S. government .0 .0
34 Private 3,492.6(r) 3,601.8
35 Open market paper 940.9 963.4
36 Corporate bonds 2,042.8(r) 2,091.9
37 Bank loans n.e.c. 106.8 105.2
38 Other loans and advances 328.6 365.4
39 Mortgages 73.6 75.9
By borrowing sector
40 Commercial banks 202.7 224.2
41 Bank holding companies 205.5 211.9
42 Savings institutions 241.6 255.4
43 Credit unions 1.8 2.5
44 Life insurance companies 4.0 4.3
45 Government-sponsored enterprises 1,398.0 1,499.8
46 Federally related mortgage pools 2,182.7(r) 2,246.1
47 Issuers of asset-backed
securities (ABSs) 1,539.9(r) 1,599.8
48 Brokers and dealers 30.4 34.6
49 Finance companies 639.2 628.5
50 Mortgage companies 17.8 16.3
51 Real estate investment trusts
(REITs) 160.3 162.2
52 Funding corporations 449.5 462.0
All sectors
53 Total credit market debt,
domestic and foreign 24,402.2(r) 25,011.2
54 Open market paper 1,243.3 1,284.5
55 U.S. government securities 7,232.4(r) 7,378.6
56 Municipal securities 1,510.0 1,518.6
57 Corporate and foreign bonds 4,429.9(r) 4,536.9
58 Bank loans n.e.c. 1,345.7 1,366.9
59 Other loans and advances 1,332.6(r) 1,382.2
60 Mortgages 5,967.8(r) 6,173.3
61 Consumer credit 1,340.4 1,370.1
1999
Transaction category or sector
Q4
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors 17,385.6
By sector and instrument
2 Federal government 3,680.4
3 Treasury securities 3,652.1
4 Budget agency securities and
mortgages 28.3
5 Nonfederal 13,705.2
By instrument
6 Commercial paper 230.3
7 Municipal securities and loans 1,532.5
8 Corporate bonds 2,059.5
9 Bank loans n.e.c. 1,231.0
10 Other loans and advances 985.4
11 Mortgages 6,238.1
12 Home 4,759.2
13 Multifamily residential 344.0
14 Commercial 1,032.2
15 Farm 102.7
16 Consumer credit 1,428.5
By borrowing sector
17 Household 6,466.8
18 Nonfinancial business 5,985.9
19 Corporate 4,285.7
20 Nonfarm noncorporate 1,531.1
21 Farm 169.1
22 State and local government 1,252.5
23 Foreign credit market debt held in
United States 622.0
24 Commercial paper 89.2
25 Bonds 422.4
26 Bank loans n.e.c. 59.4
27 Other loans and advances 51.0
28 Total credit market debt owed by
nonfinancial sectors, domestic
and foreign 18,007.6
Financial sectors
29 Total credit market debt owed by
financial sectors 7,606.6
By Instrument
30 Federal government-related 3,884.0
31 Government-sponsored enterprise
securities 1,591.7
32 Mortgage pool securities 2,292.3
33 Loans from U.S. government .0
34 Private 3,722.6
35 Open market paper 1,082.9
36 Corporate bonds 2,069.6
37 Bank loans n.e.c. 93.6
38 Other loans and advances 395.8
39 Mortgages 80.6
By borrowing sector
40 Commercial banks 232.2
41 Bank holding companies 219.4
42 Savings institutions 258.3
43 Credit unions 3.4
44 Life insurance companies 3.2
45 Government-sponsored enterprises 1,591.7
46 Federally related mortgage pools 2,292.3
47 Issuers of asset-backed
securities (ABSs) 1,632.1
48 Brokers and dealers 25.3
49 Finance companies 653.8
50 Mortgage companies 17.8
51 Real estate investment trusts
(REITs) 166.7
52 Funding corporations 510.5
All sectors
53 Total credit market debt,
domestic and foreign 25,614.2
54 Open market paper 1,402.4
55 U.S. government securities 7,564.4
56 Municipal securities 1,532.5
57 Corporate and foreign bonds 4,551.5
58 Bank loans n.e.c. 1,383.9
59 Other loans and advances 1,432.2
60 Mortgages 6,318.7
61 Consumer credit 1,428.5
(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
CREDIT MARKET DEBT OUTSTANDING(2)
1 Total credit market assets 18,444.0(r) 19,805.8(r)
2 Domestic nonfederal nonfinancial
sectors 2,846.3(r) 2,906.7(r)
3 Household 1,885.0(r) 1,993.7(r)
4 Nonfinancial corporate business 280.4 270.2
5 Nonfarm noncorporate business 42.3 38.0
6 State and local governments 638.6 604.8
7 Federal government 202.7 195.3
8 Rest of the world 1,531.1 1,926.6
9 Financial sectors 13,863.9 14,777.2
10 Monetary authority 380.8 393.1
11 Commercial banking 3,520.1 3,707.7
12 U.S.-chartered banks 3,056.1 3,175.8
13 Foreign banking offices in
United States 412.6 475.8
14 Bank holding companies 18.0 22.0
15 Banks in U.S.-affiliated areas 33.4 34.1
16 Savings institutions 913.3 933.2
17 Credit unions 263.0 288.5
18 Bank personal trusts and estates 239.7 232.0
19 Life insurance companies 1,587.5 1,657.0
20 Other insurance companies 468.7 491.2
21 Private pension funds 716.9 769.2
22 State and local government
retirement funds 531.0 568.2
23 Money market mutual funds 545.5 634.3
24 Mutual funds 771.3 820.2
25 Closed-end funds 96.4 101.1
26 Government-sponsored enterprises 750.0 807.9
27 Federally related mortgage pools 1,570.3 1,711.4
28 Asset-backed securities
issuers (ABSs) 653.4 777.0
29 Finance companies 526.2 544.5
30 Mortgage companies 33.0 41.2
31 Real estate investment
trusts (REITs) 26.0 30.4
32 Brokers and dealers 183.4 167.7
33 Funding corporations 87.4 101.4
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 18,444.0(r) 19,805.8(r)
Other liabilities
35 Official foreign exchange 63.7 53.7
36 Special drawing rights certificates 10.2 9.7
37 Treasury currency 18.2 18.3
38 Foreign deposits 418.8 516.1
39 Net interbank liabilities 290.7 240.8
40 Checkable deposits and currency 1,229.3 1,245.1
41 Small time and savings deposits 2,279.7 2,377.0
42 Large time deposits 476.9 590.9
43 Money market fund shares 745.3 891.1
44 Security repurchase agreements 660.0 701.5
45 Mutual fund shares 1,852.8 2,342.4
46 Security credit 305.7 358.1
47 Life insurance reserves 566.2 610.6
48 Pension fund reserves 5,767.8 6,642.5
49 Trade payables 1,698.0 1,812.8
50 Taxes payable 107.6 123.6
51 Investment in bank personal trusts 803.0 871.7
52 Miscellaneous 5,645.8(r) 6,119.6(r)
53 Total liabilities 41,383.6 45,331.1
Financial assets not included in
liabilities (+)
54 Gold and special drawing rights 22.1 21.4
55 Corporate equities 8,495.7 10,255.8
56 Household equity in noncorporate
business 3,640.4 3,833.2(r)
Liabilities not identified as
assets (-)
57 Treasury currency -5.8 -6.7
58 Foreign deposits 360.2 431.4
59 Net interbank transactions -9.0 -10.6
60 Security repurchase agreements 86.4 90.9
61 Taxes payable 62.4 76.7
62 Miscellaneous -1,000.3(r) -1,318.8(r)
Floats not included in assets (-)
63 Federal government checkable
deposits 3.1 -1.6
64 Other checkable deposits 34.2 30.1
65 Trade credit 198.2 176.7
66 Total identified to sectors as
assets 53,812.5(r) 59,973.5(r)
Transaction category or sector 1997 1998
CREDIT MARKET DEBT OUTSTANDING(2)
1 Total credit market assets 21,250.7(r) 23,364.4(r)
2 Domestic nonfederal nonfinancial
sectors 2,783.8(r) 2,790.6(r)
3 Household 1,873.5(r) 1,781.1(r)
4 Nonfinancial corporate business 268.0 267.6(r)
5 Nonfarm noncorporate business 37.4 37.4
6 State and local governments 605.0 704.4
7 Federal government 200.4 213.9
8 Rest of the world 2,256.8 2,534.3
9 Financial sectors 16,009.8 17,825.6(r)
10 Monetary authority 431.4 452.5
11 Commercial banking 4,031.9 4,335.7
12 U.S.-chartered banks 3,450.7 3,761.2
13 Foreign banking offices in
United States 516.1 504.2
14 Bank holding companies 27.4 26.5
15 Banks in U.S.-affiliated areas 37.8 43.8
16 Savings institutions 928.5 964.8
17 Credit unions 305.3 324.2
18 Bank personal trusts and estates 207.0 194.1
19 Life insurance companies 1,751.1 1,828.0
20 Other insurance companies 515.3 535.7
21 Private pension funds 834.7 953.4
22 State and local government
retirement funds 632.0 698.0(r)
23 Money market mutual funds 721.9 965.9
24 Mutual funds 901.1 1,025.9
25 Closed-end funds 98.3 102.8
26 Government-sponsored enterprises 902.2 1,163.0
27 Federally related mortgage pools 1,825.8 2,018.4
28 Asset-backed securities
issuers (ABSs) 939.3 1,216.0
29 Finance companies 566.4 618.4
30 Mortgage companies 32.1 35.3
31 Real estate investment
trusts (REITs) 50.6 45.5
32 Brokers and dealers 182.6 189.4(r)
33 Funding corporations 152.3 158.7(r)
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 21,250.7(r) 23,364.4(r)
Other liabilities
35 Official foreign exchange 48.9 60.1
36 Special drawing rights certificates 9.2 9.2
37 Treasury currency 18.3 18.3
38 Foreign deposits 618.8 639.9
39 Net interbank liabilities 219.4 188.9(r)
40 Checkable deposits and currency 1,286.6 1,334.2
41 Small time and savings deposits 2,474.1 2,626.5
42 Large time deposits 713.4 805.5
43 Money market fund shares 1,048.7 1,334.2
44 Security repurchase agreements 822.4 913.7(r)
45 Mutual fund shares 2,989.4 3,610.5
46 Security credit 469.1 572.3(r)
47 Life insurance reserves 665.0 718.3
48 Pension fund reserves 7,894.4 9,079.2(r)
49 Trade payables 1,938.6 1,966.5(r)
50 Taxes payable 140.4 152.8(r)
51 Investment in bank personal trusts 942.5 1,001.0
52 Miscellaneous 6,698.5(r) 7,147.3(r)
53 Total liabilities 50,248.3 55,542.8(r)
Financial assets not included in
liabilities (+)
54 Gold and special drawing rights 21.1 21.6
55 Corporate equities 13,181.4 15,413.4
56 Household equity in noncorporate
business 4,171.8 4,395.3
Liabilities not identified as
assets (-)
57 Treasury currency -7.3 -8.0
58 Foreign deposits 534.0 547.2
59 Net interbank transactions -32.2 -27.0
60 Security repurchase agreements 153.1 207.2(r)
61 Taxes payable 93.5 103.4(r)
62 Miscellaneous -1,636.8(r) -2,213.3(r)
Floats not included in assets (-)
63 Federal government checkable
deposits -8.1 -3.9
64 Other checkable deposits 26.2 23.1
65 Trade credit 199.5 168.0
66 Total identified to sectors as
assets 68,300.6(r) 76,576.3(r)
1998
Transaction category or sector
Q2 Q3
CREDIT MARKET DEBT OUTSTANDING(2)
1 Total credit market assets 22,254.2(r) 22,730.0(r)
2 Domestic nonfederal nonfinancial
sectors 2,837.8(r) 2,850.6(r)
3 Household 1,910.3(r) 1,889.0(r)
4 Nonfinancial corporate business 238.5 243.2(r)
5 Nonfarm noncorporate business 37.4 37.4
6 State and local governments 651.6 681.1
7 Federal government 207.5 210.9
8 Rest of the world 2,396.0 2,412.2
9 Financial sectors 16,812.9(r) 17,256.3(r)
10 Monetary authority 440.3 446.5
11 Commercial banking 4,136.4 4,195.7
12 U.S.-chartered banks 3,543.6 3,616.2
13 Foreign banking offices in
United States 525.6 510.1
14 Bank holding companies 26.8 28.3
15 Banks in U.S.-affiliated areas 40.4 41.1
16 Savings institutions 930.8 939.3
17 Credit unions 315.1 320.5
18 Bank personal trusts and estates 201.5 197.5
19 Life insurance companies 1,793.2 1,810.6
20 Other insurance companies 520.8 518.8
21 Private pension funds 885.9 909.8
22 State and local government
retirement funds 668.5 685.7(r)
23 Money market mutual funds 815.9 869.9
24 Mutual funds 979.1 1,005.9
25 Closed-end funds 100.5 101.7
26 Government-sponsored enterprises 989.4 1,055.4
27 Federally related mortgage pools 1,908.9 1,975.7
28 Asset-backed securities
issuers (ABSs) 1,068.9 1,134.2
29 Finance companies 579.0 592.7
30 Mortgage companies 32.7 33.8
31 Real estate investment
trusts (REITs) 58.5 55.7
32 Brokers and dealers 209.4(r) 245.9(r)
33 Funding corporations 178.3 161.3(r)
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 22,254.2(r) 22,730.0(r)
Other liabilities
35 Official foreign exchange 50.1 54.5
36 Special drawing rights certificates 9.2 9.2
37 Treasury currency 18.4 18.8
38 Foreign deposits 630.4 651.7
39 Net interbank liabilities 189.2 198.9(r)
40 Checkable deposits and currency 1,320.7 1,282.3
41 Small time and savings deposits 2,531.0 2,553.8
42 Large time deposits 754.0 776.5
43 Money market fund shares 1,153.7 1,249.7
44 Security repurchase agreements 892.1(r) 960.5(r)
45 Mutual fund shares 3,438.4 3,137.3
46 Security credit 539.6(r) 573.6(r)
47 Life insurance reserves 690.6 703.5
48 Pension fund reserves 8,730.8 8,116.5(r)
49 Trade payables 1,933.9 1,953.0(r)
50 Taxes payable 144.6 155.0
51 Investment in bank personal trusts 999.8 908.6
52 Miscellaneous 6,860.2(r) 7,041.3(r)
53 Total liabilities 53,140.9(r) 53,074.8(r)
Financial assets not included in
liabilities (+)
54 Gold and special drawing rights 21.0 21.2
55 Corporate equities 14,987.0 13,121.2
56 Household equity in noncorporate
business 4,284.7 4,331.3
Liabilities not identified as
assets (-)
57 Treasury currency -7.4 -7.2
58 Foreign deposits 547.6 565.1
59 Net interbank transactions -17.1 -15.4
60 Security repurchase agreements 171.6(r) 216.8(r)
61 Taxes payable 95.8 102.2
62 Miscellaneous -1,907.9(r) -1,959.4(r)
Floats not included in assets (-)
63 Federal government checkable
deposits -16.1 -12.0
64 Other checkable deposits 24.2 15.7
65 Trade credit 119.4 98.9(r)
66 Total identified to sectors as
assets 73,423.6(r) 71,543.7(r)
1998 1999
Transaction category or sector
Q4 Q1
CREDIT MARKET DEBT OUTSTANDING(2)
1 Total credit market assets 23,364.4(r) 23,974.3(r)
2 Domestic nonfederal nonfinancial
sectors 2,790.6(r) 2,877.6(r)
3 Household 1,781.1(r) 1,878.2(r)
4 Nonfinancial corporate business 267.6(r) 244.9(r)
5 Nonfarm noncorporate business 37.4 37.5
6 State and local governments 704.4 717.1
7 Federal government 213.9 218.1(r)
8 Rest of the world 2,534.3 2,601.8(r)
9 Financial sectors 17,825.6(r) 18,276.7(r)
10 Monetary authority 452.5 466.0
11 Commercial banking 4,335.7 4,338.4
12 U.S.-chartered banks 3,761.2 3,782.9
13 Foreign banking offices in
United States 504.2 487.8
14 Bank holding companies 26.5 25.0
15 Banks in U.S.-affiliated areas 43.8 42.7
16 Savings institutions 964.8 990.8
17 Credit unions 324.2 330.2
18 Bank personal trusts and estates 194.1 192.2
19 Life insurance companies 1,828.0 1,853.7
20 Other insurance companies 535.7 530.8
21 Private pension funds 953.4 968.5
22 State and local government
retirement funds 698.0(r) 717.2(r)
23 Money market mutual funds 965.9 1,036.2
24 Mutual funds 1,025.9 1,050.8
25 Closed-end funds 102.8 103.9
26 Government-sponsored enterprises 1,163.0 1,201.9
27 Federally related mortgage pools 2,018.4 2,112.3
28 Asset-backed securities
issuers (ABSs) 1,216.0 1,280.1(r)
29 Finance companies 618.4 639.9
30 Mortgage companies 35.3 33.0
31 Real estate investment
trusts (REITs) 45.5 45.9
32 Brokers and dealers 189.4(r) 211.4
33 Funding corporations 158.7(r) 173.5(r)
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 23,364.4(r) 23,974.3(r)
Other liabilities
35 Official foreign exchange 60.1 53.6
36 Special drawing rights certificates 9.2 8.2
37 Treasury currency 18.3 18.3
38 Foreign deposits 639.9 671.8
39 Net interbank liabilities 188.9(r) 181.8(r)
40 Checkable deposits and currency 1,334.2 1,311.4
41 Small time and savings deposits 2,626.5 2,637.6
42 Large time deposits 805.5 804.3
43 Money market fund shares 1,334.2 1,416.0
44 Security repurchase agreements 913.7(r) 980.3
45 Mutual fund shares 3,610.5 3,758.4
46 Security credit 572.3(r) 552.7
47 Life insurance reserves 718.3 730.9
48 Pension fund reserves 9,079.2(r) 9,267.0(r)
49 Trade payables 1,966.5(r) 1,970.0(r)
50 Taxes payable 152.8(r) 159.6(r)
51 Investment in bank personal trusts 1,001.0 1,012.5
52 Miscellaneous 7,147.3(r) 7,162.6(r)
53 Total liabilities 55,542.8(r) 56,671.4(r)
Financial assets not included in
liabilities (+)
54 Gold and special drawing rights 21.6 20.7
55 Corporate equities 15,413.4 15,893.6
56 Household equity in noncorporate
business 4,395.3 4,404.7(r)
Liabilities not identified as
assets (-)
57 Treasury currency -8.0 -8.4
58 Foreign deposits 547.2 562.8
59 Net interbank transactions -27.0 -11.3
60 Security repurchase agreements 207.2(r) 263.6(r)
61 Taxes payable 103.4(r) 90.6(r)
62 Miscellaneous -2,213.3(r) -2,382.4(r)
Floats not included in assets (-)
63 Federal government checkable
deposits -3.9 -7.2
64 Other checkable deposits 23.1 18.9
65 Trade credit 168.0 123.4(r)
66 Total identified to sectors as
assets 76,576.3(r) 78,340.3(r)
1999
Transaction category or sector
Q2 Q3(r)
CREDIT MARKET DEBT OUTSTANDING(2)
1 Total credit market assets 24,402.2(r) 25,011.2
2 Domestic nonfederal nonfinancial
sectors 2,918.4(r) 2,964.9
3 Household 1,898.9(r) 1,944.2
4 Nonfinancial corporate business 249.6(r) 261.4
5 Nonfarm noncorporate business 37.5(r) 37.3
6 State and local governments 732.3 721.9
7 Federal government 219.8 255.6
8 Rest of the world 2,609.8(r) 2,703.5
9 Financial sectors 18,654.2(r) 19,087.3
10 Monetary authority 485.1 489.3
11 Commercial banking 4,383.4 4,488.3
12 U.S.-chartered banks 3,847.6 3,944.3
13 Foreign banking offices in
United States 465.7 475.3
14 Bank holding companies 25.1 22.0
15 Banks in U.S.-affiliated areas 45.0 46.7
16 Savings institutions 1,011.4 1,030.8
17 Credit unions 341.0 350.2
18 Bank personal trusts and estates 190.1 188.0
19 Life insurance companies 1,874.7 1,889.2
20 Other insurance companies 537.5 533.9
21 Private pension funds 1,006.0 1,017.4
22 State and local government
retirement funds 724.0(r) 733.6
23 Money market mutual funds 1,001.8 1,049.7
24 Mutual funds 1,084.0 1,083.0
25 Closed-end funds 105.0 106.1
26 Government-sponsored enterprises 1,267.0 1,338.6
27 Federally related mortgage pools 2,182.7(r) 2,246.1
28 Asset-backed securities
issuers (ABSs) 1,352.7(r) 1,410.5
29 Finance companies 660.9 678.2
30 Mortgage companies 35.6 32.5
31 Real estate investment
trusts (REITs) 45.3 44.7
32 Brokers and dealers 162.9(r) 167.0
33 Funding corporations 202.9(r) 210.3
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 24,402.2(r) 25,011.2
Other liabilities
35 Official foreign exchange 50.9 52.1
36 Special drawing rights certificates 8.2 7.2
37 Treasury currency 18.8 19.3
38 Foreign deposits 696.6 712.5
39 Net interbank liabilities 203.2(r) 195.8
40 Checkable deposits and currency 1,354.1 1,354.9
41 Small time and savings deposits 2,644.6 2,666.6
42 Large time deposits 809.0 837.5
43 Money market fund shares 1,398.1 1,449.6
44 Security repurchase agreements 970.8(r) 999.3
45 Mutual fund shares 4,049.4 3,933.6
46 Security credit 589.3(r) 593.2
47 Life insurance reserves 745.8 756.2
48 Pension fund reserves 9,729.0(r) 9,487.5
49 Trade payables 2,028.8(r) 2,082.0
50 Taxes payable 162.1(r) 165.5
51 Investment in bank personal trusts 1,059.8 998.3
52 Miscellaneous 7,311.5(r) 7,255.7
53 Total liabilities 58,232.1(r) 58,577.8
Financial assets not included in
liabilities (+)
54 Gold and special drawing rights 20.8 21.3
55 Corporate equities 17,018.0 16,008.3
56 Household equity in noncorporate
business 4,488.7(r) 4,543.3
Liabilities not identified as
assets (-)
57 Treasury currency -8.2 -8.2
58 Foreign deposits 583.7(r) 588.7
59 Net interbank transactions -10.6 -13.0
60 Security repurchase agreements 276.8(r) 294.0
61 Taxes payable 111.8(r) 94.4
62 Miscellaneous -2,510.0(r) -2,974.4
Floats not included in assets (-)
63 Federal government checkable
deposits -12.4 -10.2
64 Other checkable deposits 22.1 14.5
65 Trade credit 105.0(r) 119.8
66 Total identified to sectors as
assets 81,201.2(r) 81,045.3
1999
Transaction category or sector
Q4
CREDIT MARKET DEBT OUTSTANDING(2)
1 Total credit market assets 25,614.2
2 Domestic nonfederal nonfinancial
sectors 3,021.4
3 Household 1,960.4
4 Nonfinancial corporate business 300.9
5 Nonfarm noncorporate business 37.3
6 State and local governments 722.8
7 Federal government 258.8
8 Rest of the world 2,736.7
9 Financial sectors 19,597.3
10 Monetary authority 478.1
11 Commercial banking 4,643.9
12 U.S.-chartered banks 4,078.9
13 Foreign banking offices in
United States 484.0
14 Bank holding companies 32.6
15 Banks in U.S.-affiliated areas 48.3
16 Savings institutions 1,033.4
17 Credit unions 355.3
18 Bank personal trusts and estates 185.7
19 Life insurance companies 1,902.7
20 Other insurance companies 530.7
21 Private pension funds 1,043.6
22 State and local government
retirement funds 745.8
23 Money market mutual funds 1,147.8
24 Mutual funds 1,077.1
25 Closed-end funds 107.1
26 Government-sponsored enterprises 1,405.1
27 Federally related mortgage pools 2,292.3
28 Asset-backed securities
issuers (ABSs) 1,435.4
29 Finance companies 714.2
30 Mortgage companies 35.6
31 Real estate investment
trusts (REITs) 42.8
32 Brokers and dealers 157.7
33 Funding corporations 263.0
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 25,614.2
Other liabilities
35 Official foreign exchange 50.1
36 Special drawing rights certificates 6.2
37 Treasury currency 18.3
38 Foreign deposits 698.5
39 Net interbank liabilities 199.1
40 Checkable deposits and currency 1,485.8
41 Small time and savings deposits 2,671.8
42 Large time deposits 935.8
43 Money market fund shares 1,584.8
44 Security repurchase agreements 1,085.2
45 Mutual fund shares 4,515.3
46 Security credit 665.8
47 Life insurance reserves 772.0
48 Pension fund reserves 10,360.4
49 Trade payables 2,132.3
50 Taxes payable 164.4
51 Investment in bank personal trusts 1,116.6
52 Miscellaneous 7,542.8
53 Total liabilities 61,619.3
Financial assets not included in
liabilities (+)
54 Gold and special drawing rights 21.4
55 Corporate equities 18,876.7
56 Household equity in noncorporate
business 4,630.3
Liabilities not identified as
assets (-)
57 Treasury currency -9.7
58 Foreign deposits 592.1
59 Net interbank transactions -28.2
60 Security repurchase agreements 248.7
61 Taxes payable 92.4
62 Miscellaneous -2,953.8
Floats not included in assets (-)
63 Federal government checkable
deposits -9.8
64 Other checkable deposits 22.3
65 Trade credit 204.8
66 Total identified to sectors as
assets 86,988.9
(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) 144.1 161.1 176.0
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 175.4 185.7 196.6
17 Wages and salary
disbursements 171.3 184.4 197.0
18 Manufacturing 144.6 152.4 156.9
19 Disposable personal income(5) 172.9 181.7 191.9
20 Retail sales(5) 170.1 178.5 194.4
Prices(6)
21 Consumer (1982-84=100) 160.5 163.0 166.6
22 Producer finished goods 131.8 130.7 133.1
(1982=100)
1999
Measure
June July Aug.
1 Industrial production(1) 136.6 137.4 137.7
Market groupings
2 Products, total 126.8 126.9 127.6
3 Final, total 128.3 128.6 129.5
4 Consumer goods 117.0 116.8 117.6
5 Equipment 148.3 149.3 150.5
6 Intermediate 121.7 121.5 121.7
7 Materials 153.1 155.0 154.6
Industry groupings
8 Manufacturing 141.4 142.0 142.5
9 Capacity utilization,
manufacturing (percent)(2) 79.6 79.7 79.7
10 Construction contracts(3) 186.0 181.0 166.0
11 Nonagricultural employment,
total(4) 126.0 126.3 126.5
12 Goods-producing, total 102.1 102.3 101.9
13 Manufacturing, total 96.8 97.1 96.7
14 Manufacturing, production
workers 97.5 98.0 97.4
15 Service-producing 133.6 134.0 134.3
16 Personal income, total 196.4 197.0 197.9
17 Wages and salary
disbursements 196.3 197.8 198.6
18 Manufacturing 156.8 158.2 158.0
19 Disposable personal income(5) 191.8 192.1 193.4
20 Retail sales(5) 192.6 194.5 197.1
Prices(6)
21 Consumer (1982-84=100) 166.2 166.7 167.1
22 Producer finished goods 132.7 132.9 133.7
(1982=100)
1999
Measure
Sept. Oct. Nov.(r)
1 Industrial production(1) 138.1 139.1 139.4
Market groupings
2 Products, total 127.6 128.5 128.0
3 Final, total 129.1 130.2 129.8
4 Consumer goods 117.1 118.2 117.6
5 Equipment 150.2 151.2 151.4
6 Intermediate 122.6 123.2 122.4
7 Materials 155.7 156.8 158.8
Industry groupings
8 Manufacturing 142.9 144.2 145.0
9 Capacity utilization,
manufacturing (percent)(2) 79.7 80.2 80.3
10 Construction contracts(3) 172.0 172.0 172.0
11 Nonagricultural employment,
total(4) 126.6 126.9 127.1
12 Goods-producing, total 102.1 102.1 102.4
13 Manufacturing, total 96.7 96.6 96.6
14 Manufacturing, production
workers 97.4 97.3 97.4
15 Service-producing 134.4 134.7 135.0
16 Personal income, total 198.1 200.5(r) 201.3(r)
17 Wages and salary
disbursements 199.5 200.7 201.3
18 Manufacturing 158.6 159.7 158.8
19 Disposable personal income(5) 193.0 195.6 196.4(r)
20 Retail sales(5) 197.1 197.7 200.3
Prices(6)
21 Consumer (1982-84=100) 167.9 168.2 168.3
22 Producer finished goods 134.7 135.1 135.0
(1982=100)
1999 2000
Measure
Dec.(r) Jan.(r) Feb.(p)
1 Industrial production(1) 140.2 141.7 142.1
Market groupings
2 Products, total 128.5 130.1 130.2
3 Final, total 130.1 132.1 132.1
4 Consumer goods 118.2 119.6 119.5
5 Equipment 151.3 154.2 154.4
6 Intermediate 123.2 123.9 124.2
7 Materials 160.1 161.3 162.3
Industry groupings
8 Manufacturing 145.6 147.0 147.5
9 Capacity utilization,
manufacturing (percent)(2) 80.4 80.9 80.9
10 Construction contracts(3) 171.0 174.0 175.0
11 Nonagricultural employment,
total(4) 127.4 127.8 127.8
12 Goods-producing, total 102.5 103.0 102.9
13 Manufacturing, total 96.6 96.8 96.8
14 Manufacturing, production
workers 97.4 97.5 97.6
15 Service-producing 135.4 135.7 135.8
16 Personal income, total 201.9(r) 203.3 204.2
17 Wages and salary
disbursements 202.6(r) 204.4 205.0
18 Manufacturing 158.8(r) 160.3 161.0
19 Disposable personal income(5) 196.7(r) 198.5 199.1
20 Retail sales(5) 204.2 205.0 207.2
Prices(6)
21 Consumer (1982-84=100) 168.3 168.7 169.7
22 Producer finished goods 135.0 134.7 136.0
(1982=100)
(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 29,127 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
1999
Category
July Aug. Sept.
HOUSEHOLD SURVEY DATA(1)
1 Civilian labor force(2) 139,336 139,372 139,475
Employment
2 Nonagricultural
industries(3) 130,121 130,296 130,471
3 Agriculture 3,278 3,234 3,179
Unemployment
4 Number 5,937 5,842 5,825
5 Rate (percent of
civilian labor force) 4.3 4.2 4.2
ESTABLISHMENT SURVEY DATA
6 Nonagricultural
payroll employment(4) 128,816 128,945 129,048
7 Manufacturing 18,449 18,378 18,366
8 Mining 528 524 527
9 Contract construction 6,270 6,246 6,293
10 Transportation and
public utilities 6,799 6,813 6,831
11 Trade 29,915 29,919 29,903
12 Finance 7,647 7,650 7,653
13 Service 39,055 39,205 39,257
14 Government 20,153 20,210 20,218
1999
Category
Oct. Nov. Dec.(r)
HOUSEHOLD SURVEY DATA(1)
1 Civilian labor force(2) 139,697 139,834 140,108
Employment
2 Nonagricultural
industries(3) 130,702 130,788 131,141
3 Agriculture 3,238 3,310 3,279
Unemployment
4 Number 5,757 5,736 5,688
5 Rate (percent of
civilian labor force) 4.1 4.1 4.1
ESTABLISHMENT SURVEY DATA
6 Nonagricultural
payroll employment(4) 129,332 129,589 129,898
7 Manufacturing 18,356 18,361 18,361
8 Mining 528 527 529
9 Contract construction 6,314 6,369 6,393
10 Transportation and
public utilities 6,841 6,862 6,897
11 Trade 29,955 29,972 30,061
12 Finance 7,668 7,675 7,685
13 Service 39,433 39,554 39,657
14 Government 20,237 20,269 20,315
2000
Category
Jan.(r) Feb.
HOUSEHOLD SURVEY DATA(1)
1 Civilian labor force(2) 140,910 141,165
Employment
2 Nonagricultural
industries(3) 131,850 131,954
3 Agriculture 3,371 3,408
Unemployment
4 Number 5,689 5,804
5 Rate (percent of
civilian labor force) 4.0 4.1
ESTABLISHMENT SURVEY DATA
6 Nonagricultural
payroll employment(4) 130,282 130,325
7 Manufacturing 18,382 18,387
8 Mining 528 530
9 Contract construction 6,509 6,483
10 Transportation and
public utilities 6,902 6,894
11 Trade 30,115 30,156
12 Finance 7,679 7,689
13 Service 39,799 39,805
14 Government 20,368 20,381
(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
Series
Q1 Q2 Q3 Q4(r)
Output (1992=100)
1 Total industry 134.6 136.1 137.7 139.6
2 Manufacturing 139.2 140.9 142.5 145.0
3 Primary
processing(3) 122.2 122.5 123.4 125.4
4 Advanced 148.1 150.5 152.5 155.2
processing(4)
5 Durable goods 167.1 170.8 174.4 177.4
6 Lumber
and products 122.2 122.5 120.5 120.6
7 Primary metals 122.3 125.1 128.7 130.9
8 Iron and steel 116.9 121.4 126.6 129.1
9 Nonferrous 129.1 129.6 131.2 133.1
10 Industrial
machinery
and equipment 221.3 227.9 232.3 240.0
11 Electrical
machinery 349.4 374.6 400.9 420.5
12 Motor vehicles
and parts 147.5 150.6 153.3 154.7
13 Aerospace and
miscellaneous
transportation
equipment 98.9 95.9 93.8 89.6
14 Nondurable goods 111.8 111.6 111.5 113.4
15 Textile mill products 109.6 111.1 111.6 111.6
16 Paper and products 115.8 115.1 116.0 117.9
17 Chemicals
and products 115.9 116.3 117.0 121.7
18 Plastics materials 122.9 123.5 124.2 130.2
19 Petroleum products 116.3 114.1 114.6 114.1
20 Mining 97.6 97.1 98.2 99.6
21 Utilities 114.6 116.6 118.4 113.5
22 Electric 116.6 118.9 120.8 116.5
1999
Series
Q1 Q2 Q3 Q4
Capacity (percent of 1992 output)
1 Total industry 167.3 169.2 170.7 172.3
2 Manufacturing 174.8 176.9 178.7 180.6
3 Primary
processing(3) 147.4 148.2 149.0 149.8
4 Advanced 188.6 191.4 193.7 196.1
processing(4)
5 Durable goods 210.3 214.2 217.6 211.0
6 Lumber
and products 145.3 146.3 147.4 148.4
7 Primary metals 147.6 148.5 149.3 150.1
8 Iron and steel 148.5 150.0 151.3 152.5
9 Nonferrous 146.5 146.8 147.0 147.2
10 Industrial
machinery
and equipment 265.7 275.5 285.3 295.8
11 Electrical
machinery 461.8 482.0 498.5 514.6
12 Motor vehicles
and parts 184.8 184.8 184.9 185.0
13 Aerospace and
miscellaneous
transportation
equipment 126.8 126.6 126.2 125.8
14 Nondurable goods 139.1 139.5 139.9 140.3
15 Textile mill products 131.4 131.5 131.6 131.8
16 Paper and products 133.8 134.5 135.3 136.1
17 Chemicals
and products 150.0 150.4 150.7 151.0
18 Plastics materials 135.9 137.2 138.4 139.6
19 Petroleum products 121.8 122.2 122.7 123.1
20 Mining 120.4 120.3 120.2 120.2
21 Utilities 126.9 127.3 127.8 128.2
22 Electric 124.7 125.2 125.6 126.1
1999
Series
Q1 Q2 Q3 Q4(r)
Capacity utilization
rate (percent)(2)
1 Total industry 80.4 80.5 80.7 81.0
2 Manufacturing 79.6 79.6 79.7 80.3
3 Primary
processing(3) 82.9 82.7 82.8 83.7
4 Advanced 78.5 78.6 78.7 79.2
processing(4)
5 Durable goods 79.5 79.8 80.2 80.3
6 Lumber
and products 84.1 83.7 81.7 81.3
7 Primary metals 82.9 84.2 86.2 87.2
8 Iron and steel 78.7 80.9 83.7 84.6
9 Nonferrous 88.1 88.3 89.3 90.4
10 Industrial
machinery
and equipment 83.3 82.7 81.4 81.1
11 Electrical
machinery 75.7 77.7 80.4 81.7
12 Motor vehicles
and parts 79.8 81.5 82.9 83.6
13 Aerospace and
miscellaneous
transportation
equipment 78.0 75.7 74.3 71.2
14 Nondurable goods 80.4 80.0 79.7 80.8
15 Textile mill products 83.4 84.5 84.8 84.7
16 Paper and products 86.6 85.6 85.7 86.6
17 Chemicals
and products 77.3 77.3 77.6 80.6
18 Plastics materials 90.4 90.0 89.7 93.3
19 Petroleum products 95.6 93.3 93.4 92.7
20 Mining 81.1 80.7 81.7 82.9
21 Utilities 90.3 91.6 92.7 88.5
22 Electric 93.5 95.0 96.2 92.4
1973 1975 Previous
cycle(5)
Series
High Low High Low
Capacity utilization
rate (percent)(2)
1 Total industry 89.2 72.6 87.3 71.1
2 Manufacturing 88.5 70.5 86.9 69.0
3 Primary
processing(3) 91.2 68.2 88.1 66.2
4 Advanced
processing(4) 87.2 71.8 86.7 70.4
5 Durable goods 89.2 68.9 87.7 63.9
6 Lumber
and products 88.7 61.2 87.9 60.8
7 Primary metals 100.2 65.9 94.2 45.1
8 Iron and steel 105.8 66.6 95.8 37.0
9 Nonferrous 90.8 59.8 91.1 60.1
10 Industrial
machinery and
equipment 96.0 74.3 93.2 64.0
11 Electrical
machinery 89.2 64.7 89.4 71.6
12 Motor vehicles
and parts 93.4 51.3 95.0 45.5
13 Aerospace and
miscellaneous
transportation
equipment 78.4 67.6 81.9 66.6
14 Nondurable goods 87.8 71.7 87.5 76.4
15 Textile mill products 91.4 60.0 91.2 72.3
16 Paper and products 97.1 69.2 96.1 80.6
17 Chemicals
and products 87.6 69.7 84.6 69.9
18 Plastics materials 102.0 50.6 90.9 63.4
19 Petroleum products 96.7 81.1 90.0 66.8
20 Mining 94.3 88.2 96.0 80.3
21 Utilities 96.2 82.9 89.1 75.9
22 Electric 99.0 82.7 88.2 78.9
Latest cycle(6) 1999
Series
High Low Feb. Sept.
Capacity utilization
rate (percent)(2)
1 Total industry 85.4 78.1 80.4 80.6
2 Manufacturing 85.7 76.6 79.7 79.7
3 Primary
processing(3) 88.9 77.7 82.8 82.8
4 Advanced
processing(4) 84.2 76.1 78.7 78.7
5 Durable goods 84.6 73.1 79.3 80.0
6 Lumber
and products 93.6 75.5 84.2 81.0
7 Primary metals 92.7 73.7 81.4 85.8
8 Iron and steel 95.2 71.8 77.1 83.0
9 Nonferrous 89.3 74.2 86.7 89.3
10 Industrial
machinery and
equipment 85.4 72.3 83.4 81.6
11 Electrical
machinery 84.0 75.0 75.2 79.8
12 Motor vehicles
and parts 89.1 55.9 80.0 84.1
13 Aerospace and
miscellaneous
transportation
equipment 87.3 79.2 78.3 73.1
14 Nondurable goods 87.3 80.7 80.7 79.9
15 Textile mill products 90.4 77.7 84.1 84.1
16 Paper and products 93.5 85.0 86.7 86.4
17 Chemicals
and products 86.2 79.3 77.7 77.8
18 Plastics materials 97.0 74.8 92.0 90.5
19 Petroleum products 88.5 85.1 96.0 93.3
20 Mining 88.0 87.0 80.9 81.8
21 Utilities 92.6 83.4 88.7 92.0
22 Electric 95.0 87.1 92.1 95.2
1999
Series
Oct. Nov.(r) Dec.(r)
Capacity utilization
rate (percent)(2)
1 Total industry 81.0 80.9 81.1
2 Manufacturing 80.2 80.3 80.4
3 Primary
processing(3) 83.4 83.8 83.8
4 Advanced
processing(4) 79.1 79.2 79.2
5 Durable goods 80.3 80.3 80.3
6 Lumber
and products 81.4 80.7 81.6
7 Primary metals 86.1 87.4 88.2
8 Iron and steel 82.1 85.7 86.2
9 Nonferrous 91.1 89.4 90.7
10 Industrial
machinery and
equipment 81.6 81.1 80.7
11 Electrical
machinery 81.1 81.3 82.8
12 Motor vehicles
and parts 84.2 84.2 82.5
13 Aerospace and
miscellaneous
transportation
equipment 71.9 71.2 70.5
14 Nondurable goods 80.6 81.0 81.0
15 Textile mill products 85.5 84.5 84.0
16 Paper and products 86.9 86.7 86.3
17 Chemicals
and products 79.4 81.3 81.0
18 Plastics materials 94.0 95.4 90.3
19 Petroleum products 93.2 91.7 93.3
20 Mining 82.6 83.0 83.1
21 Utilities 89.9 86.4 89.1
22 Electric 92.8 91.8 92.6
2000
Series
Jan.(r) Feb.(p)
Capacity utilization
rate (percent)(2)
1 Total industry 81.7 81.7
2 Manufacturing 80.9 80.9
3 Primary
processing(3) 84.0 84.2
4 Advanced
processing(4) 79.9 79.7
5 Durable goods 81.1 81.0
6 Lumber
and products 82.3 81.8
7 Primary metals 88.1 88.4
8 Iron and steel 85.7 86.3
9 Nonferrous 91.2 90.9
10 Industrial
machinery and
equipment 81.8 81.3
11 Electrical
machinery 84.9 85.0
12 Motor vehicles
and parts 84.6 83.9
13 Aerospace and
miscellaneous
transportation
equipment 70.2 69.6
14 Nondurable goods 81.1 81.3
15 Textile mill products 85.6 84.9
16 Paper and products 86.3 86.9
17 Chemicals
and products 80.7 81.4
18 Plastics materials 91.5 94.8
19 Petroleum products 92.6 93.4
20 Mining 83.7 83.3
21 Utilities 91.3 91.9
22 Electric 94.2 94.5
(1.) Data in this table appear in the Board's G.17 (419) monthly
statistical release. The data are also available on the Board's web
site, http://www.federalreserve.gov/releases/g17. The latest
historical revision of the industrial production index and the
capacity utilization rates was released in November 1999. The recent
annual 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
Group
SIC 1992
code pro-
por- 1999
tion avg.
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 2.6 144.6
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 .9 133.8
11 Other 3.5 158.6
12 Appliances,
televisions,
and air
conditioners 1.0 324.5
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 4.5 121.7
19 Paper products 2.9 102.3
20 Energy 2.9 114.1
21 Fuels .8 111.3
22 Residential utilities 2.1 115.1
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 2.5 126.7
29 Autos and trucks 1.2 131.4
30 Other 1.3 131.3
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 8.9 115.4
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 9.2 131.4
42 Basic metal materials 3.1 121.8
43 Nondurable goods materials 8.9 114.5
44 Textile materials 1.1 101.0
45 Paper materials 1.8 117.0
46 Chemical materials 3.9 117.2
47 Other 2.1 113.5
48 Energy materials 9.7 101.7
49 Primary energy 6.3 99.2
50 Converted fuel materials 3.3 107.2
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 27.4 115.1
55 Consumer goods excluding
energy 26.2 117.3
56 Business equipment excluding
autos and trucks 12.0 176.1
57 Business equipment
excluding computer
and office equipment 12.1 143.7
58 Materials excluding energy 29.8 171.9
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 1.4 125.4
66 Stone, clay, and glass
products 32 2.1 130.5
67 Primary metals 33 3.1 126.6
68 Iron and steel 331,2 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 1,061.6
74 Electrical machinery 36 7.3 390.1
75 Transportation
equipment 37 9.5 122.4
76 Motor vehicles
and parts 371 4.9 151.0
77 Autos and
light trucks 371PT 2.6 137.8
78 Aerospace and
miscellaneous
transportation
equipment 372-6,9 4.6 94.8
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 9.9 117.4
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 97.2
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 ... 7.7 115.7
98 Electric 491,493PT 6.2 118.2
99 Gas 492,493PT 1.6 105.4
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 2,101.5
107 Consumer goods ... 1,049.6 1,295.0
108 Equipment ... 502.5 808.1
109 Intermediate ... 449.9 623.4
1999
Group
Feb. Mar. Apr.
Index (1992 = 100)
MAJOR MARKETS
1 Total index 134.5 135.1 135.5
2 Products 125.8 126.0 126.2
3 Final products 127.3 127.3 127.6
4 Consumer goods, total 117.2 116.7 116.5
5 Durable consumer
goods 150.9 149.9 152.0
6 Automotive
products 142.0 140.0 142.0
7 Autos and
trucks 148.7 147.0 149.0
8 Autos,
consumer 100.2 101.6 102.3
9 Trucks,
consumer 198.5 194.1 197.3
10 Auto parts and
allied goods 131.8 129.3 131.4
11 Other 158.0 157.8 160.0
12 Appliances,
televisions,
and air
conditioners 320.0 317.6 325.8
13 Carpeting and
furniture 122.8 119.6 120.2
14 Miscellaneous
home goods 113.6 115.7 116.9
15 Nondurable consumer
goods 109.3 108.9 108.3
16 Foods and tobacco 109.4 108.4 107.8
17 Clothing 92.0 91.3 91.8
18 Chemical products 122.8 121.6 118.7
19 Paper products 100.4 98.8 99.9
20 Energy 109.9 115.4 115.1
21 Fuels 113.4 110.7 111.5
22 Residential utilities 108.2 117.2 116.4
23 Equipment 144.9 145.9 147.0
24 Business equipment 166.3 167.5 169.4
25 Information processing
and related 224.5 229.2 236.9
26 Computer and
office equipment 703.1 736.1 773.0
27 Industrial 135.8 135.2 136.0
28 Transit 131.2 129.5 129.4
29 Autos and trucks 128.9 129.0 130.7
30 Other 139.9 143.0 135.7
31 Defense and space
equipment 75.4 75.6 75.1
32 Oil and gas well drilling 97.4 100.8 97.2
33 Manufactured homes 169.2 168.8 164.7
34 Intermediate products, total 121.3 121.6 121.7
35 Construction supplies 132.5 131.7 131.3
36 Business supplies 114.7 115.6 116.1
37 Materials 148.7 150.3 150.8
38 Durable goods materials 189.2 191.9 193.1
39 Durable consumer parts 148.4 149.9 147.7
40 Equipment parts 324.4 331.5 340.5
41 Other 129.8 130.9 130.4
42 Basic metal materials 116.8 119.8 120.1
43 Nondurable goods materials 112.4 112.7 112.8
44 Textile materials 100.2 101.2 101.8
45 Paper materials 115.6 116.3 116.5
46 Chemical materials 112.8 113.6 114.2
47 Other 114.4 113.3 111.9
48 Energy materials 101.7 102.4 102.2
49 Primary energy 99.1 99.1 97.3
50 Converted fuel materials 106.7 108.9 111.7
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 134.4 135.1 135.4
52 Total excluding motor vehicles
and parts 133.9 134.6 134.9
53 Total excluding computer and
office equipment 129.1 129.5 129.7
54 Consumer goods excluding
autos and trucks 115.5 115.1 114.8
55 Consumer goods excluding
energy 118.0 116.9 116.7
56 Business equipment excluding
autos and trucks 170.6 171.9 173.8
57 Business equipment
excluding computer
and office equipment 142.4 142.6 143.4
58 Materials excluding energy 163.6 165.5 166.3
MAJOR INDUSTRIES
59 Total index 134.5 135.1 135.5
60 Manufacturing 139.3 139.7 140.2
61 Primary processing 122.1 122.4 122.2
62 Advanced processing 148.4 148.8 149.6
63 Durable goods 166.8 168.1 169.4
64 Lumber and products 122.3 121.7 121.5
65 Furniture and fixtures 124.6 125.8 123.8
66 Stone, clay, and glass
products 132.2 130.8 128.8
67 Primary metals 120.1 124.0 123.9
68 Iron and steel 114.6 118.1 119.4
69 Raw steel 106.8 108.3 109.3
70 Nonferrous 127.0 131.4 129.4
71 Fabricated metal
products 128.4 128.5 128.0
72 Industrial machinery
and equipment 221.7 224.6 227.0
73 Computer and office
equipment 907.1 947.6 987.5
74 Electrical machinery 347.5 354.0 366.4
75 Transportation
equipment 123.2 122.6 122.1
76 Motor vehicles
and parts 147.8 148.1 148.4
77 Autos and
light trucks 135.0 134.0 135.7
78 Aerospace and
miscellaneous
transportation
equipment 99.3 97.9 96.5
79 Instruments 112.9 113.7 115.1
80 Miscellaneous 121.8 122.9 124.2
81 Nondurable goods 112.3 111.8 111.5
82 Foods 111.4 110.9 110.6
83 Tobacco products 99.2 95.4 94.1
84 Textile mill products 110.5 110.1 111.4
85 Apparel products 92.2 91.8 92.4
86 Paper and products 115.9 115.9 115.0
87 Printing and publishing 104.3 103.7 104.2
88 Chemicals and products 116.6 116.8 115.6
89 Petroleum products 117.0 114.9 114.6
90 Rubber and plastic
products 135.6 135.8 136.2
91 Leather and products 71.5 71.3 70.6
92 Mining 97.4 97.5 96.7
93 Metal 101.3 98.5 100.5
94 Coal 108.9 103.9 107.3
95 Oil and gas extraction 90.7 92.1 90.8
96 Stone and earth minerals 127.1 126.6 121.8
97 Utilities 112.6 116.8 116.3
98 Electric 114.9 119.1 118.6
99 Gas 102.5 106.4 105.7
SPECIAL AGGREGATES
100 Manufacturing excluding motor
vehicles and parts 138.9 139.3 139.8
101 Manufacturing excluding
computer and office
equipment 133.0 133.1 133.4
102 Computers, communications
equipment, and
semiconductors 676.0 700.3 731.6
103 Manufacturing
excluding
computers and
semiconductors 121.1 121.0 120.9
104 Manufacturing excluding
computers,
communications
equipment, and
semiconductors 119.1 118.9 118.7
Gross value (billions of 1992
dollars, annual rates)
Major Markets
105 Products, total 2,699.9 2,701.8 2,710.2
106 Final 2,079.5 2,080.1 2,087.2
107 Consumer goods 1,292.3 1,287.9 1,288.4
108 Equipment 788.1 793.3 800.1
109 Intermediate 619.1 620.4 621.7
1999
Group
May June July
Index (1992 = 100)
MAJOR MARKETS
1 Total index 136.2 136.6 137.4
2 Products 126.8 126.8 126.9
3 Final products 128.2 128.3 128.6
4 Consumer goods, total 116.8 117.0 116.8
5 Durable consumer
goods 152.8 154.0 153.4
6 Automotive
products 145.4 147.4 143.7
7 Autos and
trucks 153.2 157.5 148.9
8 Autos,
consumer 99.9 101.8 102.4
9 Trucks,
consumer 207.4 214.2 197.2
10 Auto parts and
allied goods 133.6 132.5 135.3
11 Other 158.3 158.8 161.1
12 Appliances,
televisions,
and air
conditioners 311.1 319.0 329.9
13 Carpeting and
furniture 121.0 121.0 124.1
14 Miscellaneous
home goods 117.2 116.2 115.9
15 Nondurable consumer
goods 108.4 108.4 108.3
16 Foods and tobacco 107.7 107.3 106.7
17 Clothing 90.2 90.2 89.2
18 Chemical products 120.5 120.2 119.4
19 Paper products 100.3 101.5 102.0
20 Energy 114.7 115.3 118.6
21 Fuels 110.9 109.9 111.1
22 Residential utilities 116.1 117.4 121.7
23 Equipment 148.4 148.3 149.3
24 Business equipment 171.2 171.2 172.6
25 Information processing
and related 244.3 248.2 253.8
26 Computer and
office equipment 805.8 830.2 851.9
27 Industrial 135.3 133.7 135.4
28 Transit 128.9 128.2 127.5
29 Autos and trucks 131.2 132.2 131.2
30 Other 134.0 130.2 123.8
31 Defense and space
equipment 75.2 74.6 74.5
32 Oil and gas well drilling 99.8 100.1 102.0
33 Manufactured homes 161.3 158.9 151.5
34 Intermediate products, total 122.3 121.7 121.5
35 Construction supplies 132.9 132.6 133.2
36 Business supplies 116.1 115.3 114.6
37 Materials 151.7 153.1 155.0
38 Durable goods materials 194.3 197.2 200.3
39 Durable consumer parts 148.4 150.5 153.9
40 Equipment parts 345.0 355.2 364.6
41 Other 130.4 130.6 131.1
42 Basic metal materials 119.9 122.6 122.8
43 Nondurable goods materials 113.8 114.2 114.5
44 Textile materials 101.8 101.2 101.2
45 Paper materials 115.3 117.7 116.3
46 Chemical materials 116.0 116.9 117.7
47 Other 114.2 112.0 113.0
48 Energy materials 102.2 101.6 102.9
49 Primary energy 98.3 98.9 100.2
50 Converted fuel materials 109.9 106.8 108.0
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 136.1 136.4 137.3
52 Total excluding motor vehicles
and parts 135.6 135.9 136.7
53 Total excluding computer and
office equipment 130.2 130.6 131.2
54 Consumer goods excluding
autos and trucks 114.8 114.8 115.0
55 Consumer goods excluding
energy 117.0 117.2 116.6
56 Business equipment excluding
autos and trucks 175.7 175.7 177.4
57 Business equipment
excluding computer
and office equipment 144.2 143.6 144.4
58 Materials excluding energy 167.4 169.5 171.6
MAJOR INDUSTRIES
59 Total index 136.2 136.6 137.4
60 Manufacturing 141.0 141.4 142.0
61 Primary processing 122.5 122.7 123.3
62 Advanced processing 150.7 151.2 151.8
63 Durable goods 170.8 172.2 173.8
64 Lumber and products 123.9 122.2 121.5
65 Furniture and fixtures 124.4 124.4 125.7
66 Stone, clay, and glass
products 128.5 127.8 129.3
67 Primary metals 123.9 127.4 128.0
68 Iron and steel 120.1 124.5 126.2
69 Raw steel 111.4 110.7 111.1
70 Nonferrous 128.6 130.8 130.2
71 Fabricated metal
products 127.2 128.3 128.6
72 Industrial machinery
and equipment 228.4 228.2 230.0
73 Computer and office
equipment 1,021.6 1,048.2 1,075.1
74 Electrical machinery 373.3 384.2 399.2
75 Transportation
equipment 122.8 123.5 122.9
76 Motor vehicles
and parts 150.6 152.9 152.2
77 Autos and
light trucks 138.3 142.0 135.8
78 Aerospace and
miscellaneous
transportation
equipment 96.0 95.2 94.7
79 Instruments 116.7 117.0 117.2
80 Miscellaneous 125.5 124.5 125.2
81 Nondurable goods 111.9 111.3 111.0
82 Foods 110.6 110.0 108.9
83 Tobacco products 95.4 94.5 96.0
84 Textile mill products 110.9 110.8 112.3
85 Apparel products 91.2 90.7 89.8
86 Paper and products 114.6 115.7 115.0
87 Printing and publishing 104.1 103.5 102.8
88 Chemicals and products 117.0 116.3 115.8
89 Petroleum products 114.2 113.4 115.1
90 Rubber and plastic
products 137.4 136.4 138.0
91 Leather and products 70.9 71.3 69.1
92 Mining 97.4 97.1 97.8
93 Metal 100.2 98.9 96.2
94 Coal 106.1 107.0 110.0
95 Oil and gas extraction 91.8 91.4 92.3
96 Stone and earth minerals 123.9 123.3 120.5
97 Utilities 116.1 117.4 119.8
98 Electric 118.4 119.6 122.6
99 Gas 105.8 107.5 107.4
SPECIAL AGGREGATES
100 Manufacturing excluding motor
vehicles and parts 140.5 140.8 141.4
101 Manufacturing excluding
computer and office
equipment 134.1 134.3 134.8
102 Computers, communications
equipment, and
semiconductors 753.3 780.5 812.1
103 Manufacturing
excluding
computers and
semiconductors 121.3 121.2 121.3
104 Manufacturing excluding
computers,
communications
equipment, and
semiconductors 119.1 118.9 118.9
Gross value (billions of 1992
dollars, annual rates)
Major Markets
105 Products, total 2,721.9 2,723.6 2,726.1
106 Final 2,095.3 2,100.3 2,102.8
107 Consumer goods 1,290.1 1,295.1 1,292.4
108 Equipment 806.7 806.7 812.3
109 Intermediate 625.2 622.1 622.0
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 parts 152.2 155.6 155.7
77 Autos and
light trucks 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
Group
Nov.(r) Dec.(r)
Index (1992 = 100)
MAJOR MARKETS
1 Total index 139.4 140.2
2 Products 128.0 128.5
3 Final products 129.8 130.1
4 Consumer goods, total 117.6 118.2
5 Durable consumer
goods 154.4 155.6
6 Automotive
products 146.2 144.4
7 Autos and
trucks 154.3 148.7
8 Autos,
consumer 107.2 99.8
9 Trucks,
consumer 203.6 199.0
10 Auto parts and
allied goods 133.8 137.0
11 Other 160.7 164.8
12 Appliances,
televisions,
and air
conditioners 348.4 359.4
13 Carpeting and
furniture 117.4 122.1
14 Miscellaneous
home goods 115.0 116.7
15 Nondurable consumer
goods 109.1 109.5
16 Foods and tobacco 107.3 107.4
17 Clothing 90.6 89.6
18 Chemical products 126.0 126.4
19 Paper products 105.1 103.1
20 Energy 106.7 112.4
21 Fuels 110.1 111.7
22 Residential utilities 104.3 112.1
23 Equipment 151.4 151.3
24 Business equipment 175.0 174.9
25 Information processing
and related 266.7 270.1
26 Computer and
office equipment 970.0 985.6
27 Industrial 134.6 134.9
28 Transit 121.2 116.6
29 Autos and trucks 134.2 127.8
30 Other 127.5 126.8
31 Defense and space
equipment 73.0 72.4
32 Oil and gas well drilling 121.3 124.3
33 Manufactured homes 139.3 138.3
34 Intermediate products, total 122.4 123.2
35 Construction supplies 134.3 135.0
36 Business supplies 115.2 116.2
37 Materials 158.8 160.1
38 Durable goods materials 206.7 209.6
39 Durable consumer parts 154.8 154.8
40 Equipment parts 386.8 398.8
41 Other 133.4 134.1
42 Basic metal materials 125.6 126.4
43 Nondurable goods materials 119.1 118.3
44 Textile materials 103.3 100.9
45 Paper materials 119.3 118.5
46 Chemical materials 125.1 123.3
47 Other 114.9 116.9
48 Energy materials 101.6 101.9
49 Primary energy 100.1 99.8
50 Converted fuel materials 104.1 105.9
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 139.3 140.3
52 Total excluding motor vehicles
and parts 138.7 139.6
53 Total excluding computer and
equipment 132.7 133.3
54 Consumer goods excluding
autos and trucks 115.6 116.5
55 Consumer goods excluding
energy 118.8 118.8
56 Business equipment excluding
autos and trucks 179.7 180.3
57 Business equipment
excluding computer
and office equipment 143.7 143.2
58 Materials excluding energy 177.4 179.0
MAJOR INDUSTRIES
59 Total index 139.4 140.2
60 Manufacturing 145.0 145.6
61 Primary processing 125.6 125.8
62 Advanced processing 155.2 156.0
63 Durable goods 177.4 178.5
64 Lumber and products 119.8 121.4
65 Furniture and fixtures 125.2 126.9
66 Stone, clay, and glass
products 132.4 131.3
67 Primary metals 131.1 132.6
68 Iron and steel 130.7 131.8
69 Raw steel 124.0 124.2
70 Nonferrous 131.7 133.5
71 Fabricated metal
products 129.7 128.8
72 Industrial machinery
and equipment 239.7 241.8
73 Computer and office
equipment 1,222.8 1,246.3
74 Electrical machinery 418.1 430.8
75 Transportation
equipment 121.8 119.9
76 Motor vehicles
and parts 155.8 152.7
77 Autos and
light trucks 141.0 135.0
78 Aerospace and
miscellaneous
transportation
equipment 89.5 88.6
79 Instruments 118.9 119.7
80 Miscellaneous 125.0 126.4
81 Nondurable goods 113.6 113.7
82 Foods 110.3 110.0
83 Tobacco products 93.1 94.7
84 Textile mill products 111.4 110.8
85 Apparel products 89.1 89.2
86 Paper and products 118.1 117.7
87 Printing and publishing 105.7 105.6
88 Chemicals and products 122.7 122.4
89 Petroleum products 112.8 115.0
90 Rubber and plastic
products 139.3 141.4
91 Leather and products 67.7 65.2
92 Mining 99.7 99.8
93 Metal 94.5 95.8
94 Coal 110.0 109.5
95 Oil and gas extraction 94.5 95.0
96 Stone and earth minerals 125.0 122.7
97 Utilities 110.9 114.3
98 Electric 115.8 116.9
99 Gas 88.2 102.6
SPECIAL AGGREGATES
100 Manufacturing excluding motor
vehicles and parts 144.5 145.3
101 Manufacturing excluding
computer and office
equipment 137.1 137.6
102 Computers, communications
equipment, and
semiconductors 887.7 917.1
103 Manufacturing
excluding
computers and
semiconductors 122.9 122.9
104 Manufacturing excluding
computers,
communications
equipment, and
semiconductors 120.4 120.5
Gross value (billions of 1992
dollars, annual rates)
Major Markets
105 Products, total 2,740.0 2,751.0
106 Final 2,115.8 2,120.8
107 Consumer goods 1,294.7 1,302.4
108 Equipment 823.4 820.3
109 Intermediate 623.0 628.9
2000
Group
Jan. Feb.(p)
Index (1992 = 100)
MAJOR MARKETS
1 Total index 141.7 142.1
2 Products 130.1 130.2
3 Final products 132.1 132.1
4 Consumer goods, total 119.6 119.5
5 Durable consumer
goods 159.3 157.8
6 Automotive
products 149.5 146.9
7 Autos and
trucks 155.2 150.5
8 Autos,
consumer 105.4 105.0
9 Trucks,
consumer 206.6 198.0
10 Auto parts and
allied goods 140.3 140.6
11 Other 167.1 166.6
12 Appliances,
televisions,
and air
conditioners 364.5 361.8
13 Carpeting and
furniture 126.5 125.1
14 Miscellaneous
home goods 116.9 117.4
15 Nondurable consumer
goods 110.5 110.7
16 Foods and tobacco 107.9 107.8
17 Clothing 91.0 90.4
18 Chemical products 126.7 127.4
19 Paper products 104.3 104.5
20 Energy 115.6 117.1
21 Fuels 110.9 114.6
22 Residential utilities 117.2 117.7
23 Equipment 154.2 154.4
24 Business equipment 179.4 179.6
25 Information processing
and related 278.8 282.3
26 Computer and
office equipment 1,016.1 1,041.5
27 Industrial 138.5 138.2
28 Transit 119.3 116.6
29 Autos and trucks 135.7 133.1
30 Other 125.6 125.1
31 Defense and space
equipment 70.6 70.2
32 Oil and gas well drilling 125.5 127.7
33 Manufactured homes 138.5 134.3
34 Intermediate products, total 123.9 124.2
35 Construction supplies 136.6 137.4
36 Business supplies 116.4 116.4
37 Materials 161.3 162.3
38 Durable goods materials 212.0 213.7
39 Durable consumer parts 155.4 157.0
40 Equipment parts 406.8 414.0
41 Other 134.9 134.8
42 Basic metal materials 126.2 126.1
43 Nondurable goods materials 117.3 118.7
44 Textile materials 99.3 99.6
45 Paper materials 117.7 118.8
46 Chemical materials 122.5 124.8
47 Other 115.7 116.2
48 Energy materials 103.0 102.3
49 Primary energy 100.5 99.0
50 Converted fuel materials 107.7 108.9
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 141.6 142.1
52 Total excluding motor vehicles
and parts 141.0 141.5
53 Total excluding computer and
office equipment 134.6 134.9
54 Consumer goods excluding
autos and trucks 117.7 117.9
55 Consumer goods excluding
energy 120.0 119.8
56 Business equipment excluding
autos and trucks 184.4 184.9
57 Business equipment
excluding computer
and office equipment 146.8 146.3
58 Materials excluding energy 180.2 181.8
MAJOR INDUSTRIES
59 Total index 141.7 142.1
60 Manufacturing 147.0 147.5
61 Primary processing 126.3 126.7
62 Advanced processing 157.9 158.4
63 Durable goods 181.3 181.9
64 Lumber and products 122.5 122.1
65 Furniture and fixtures 125.8 126.6
66 Stone, clay, and glass
products 131.1 131.4
67 Primary metals 132.7 133.1
68 Iron and steel 131.3 132.4
69 Raw steel 123.1 124.6
70 Nonferrous 134.4 134.0
71 Fabricated metal
products 130.4 130.6
72 Industrial machinery
and equipment 247.8 249.2
73 Computer and office
equipment 1,285.2 1,317.3
74 Electrical machinery 447.8 455.4
75 Transportation
equipment 121.5 120.6
76 Motor vehicles
and parts 156.9 155.8
77 Autos and
light trucks 141.2 137.6
78 Aerospace and
miscellaneous
transportation
equipment 88.0 87.2
79 Instruments 118.2 118.6
80 Miscellaneous 127.0 125.7
81 Nondurable goods 113.9 114.2
82 Foods 110.1 110.6
83 Tobacco products 96.7 94.6
84 Textile mill products 113.0 112.0
85 Apparel products 89.7 89.8
86 Paper and products 117.8 118.8
87 Printing and publishing 105.5 105.3
88 Chemicals and products 122.1 123.3
89 Petroleum products 114.1 115.3
90 Rubber and plastic
products 142.6 141.8
91 Leather and products 68.1 66.4
92 Mining 100.5 99.8
93 Metal 95.8 93.5
94 Coal 106.3 101.9
95 Oil and gas extraction 96.6 95.8
96 Stone and earth minerals 121.7 127.9
97 Utilities 117.3 118.1
98 Electric 119.1 119.6
99 Gas 109.9 111.6
SPECIAL AGGREGATES
100 Manufacturing excluding motor
vehicles and parts 146.5 147.1
101 Manufacturing excluding
computer and office
equipment 138.8 139.1
102 Computers, communications
equipment, and
semiconductors 959.9 984.6
103 Manufacturing
excluding
computers and
semiconductors 123.9 123.9
104 Manufacturing excluding
computers,
communications
equipment, and
semiconductors 121.1 121.1
Gross value (billions of 1992
dollars, annual rates)
Major Markets
105 Products, total 2,792.2 2,793.7
106 Final 2,157.5 2,158.2
107 Consumer goods 1,319.3 1,320.8
108 Equipment 840.7 839.8
109 Intermediate 633.5 634.3
(1.) Data in this table appear in the Board's G.17 (419) monthly
statistical release. The data are also on the Board's web site,
http://www.federalreserve.gov/release/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.) Standard industrial classification.
2.14 HOUSING AND CONSTRUCTION
Monthly figures at seasonally adjusted annual rates
except as noted
Item 1997 1998 1999(r)
Private residential real
estate activity (thousands
of units except as noted)
NEW UNITS
1 Permits authorized 1,441 1,612 1,640
2 One-family 1,062 1,188 1,232
3 Two-family or more 379 425 408
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) 833(r) 935 1,022
8 One-family 570 637(r) 704
9 Two-family or more 264 297 318
10 Completed 1,404(r) 1,473 1,634
11 One-family 1,120 1,158 1,306
12 Two-family or more 285 315 328
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) 287 300 327
Price of units sold (thousands
of dollars)(2)
16 Median 146.0 152.5 160.0
17 Average 176.2 181.9 194.9
EXISTING UNITS (one-family)
18 Number sold 4,382(r) 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 617,877 664,451 706,216
22 Private 474,842 518,987 547,282
23 Residential 265,908 293,569 321,746
24 Nonresidential 208,933 225,418 225,536
25 Industrial buildings 31,355 32,308 26,261
26 Commercial buildings 86,190 95,252 103,028
27 Other buildings 37,198 39,438 38,734
28 Public utilities and other 54,190 58,421 57,153
29 Public 143,035 145,464 158,934
30 Military 2,559 2,588 2,133
31 Highway 44,295 45,067 50,749
32 Conservation and development 5,576 5,487 6,174
32 Other 90,605 92,322 99,878
1999
Item
Apr. May June
Private residential real
estate activity (thousands
of units except as noted)
NEW UNITS
1 Permits authorized 1,572 1,591 1,641
2 One-family 1,214 1,243 1,241
3 Two-family or more 358 348 400
4 Started 1,561 1,649 1,562
5 One-family 1,248 1,368 1,269
6 Two-family or more 313 281 293
7 Under construction at
end of period(1) 1,026(r) 1,026(r) 1,013(r)
8 One-family 704(r) 706(r) 698(r)
9 Two-family or more 322(r) 320(r) 315
10 Completed 1,635(r) 1,680(r) 1,657(r)
11 One-family 1,325(r) 1,355(r) 1,336(r)
12 Two-family or more 310(r) 325(r) 321(r)
13 Mobile homes shipped 368 365 355
Merchant builder activity in
one-family units
14 Number sold 930(r) 896(r) 948(r)
15 Number for sale at end
of period(1) 301(r) 305(r) 305(r)
Price of units sold (thousands
of dollars)(2)
16 Median 160.0 154.8 158.3
17 Average 191.4 188.2 193.4
EXISTING UNITS (one-family)
18 Number sold 5,240(r) 5,040(r) 5,590(r)
Price of units sold (thousands
of dollars)(2)
19 Median 130.7 132.8 136.9
20 Average 163.8 167.4 174.2
Value of new construction
(millions of dollars)(3)
CONSTRUCTION
21 Total put in place 704,582 698,461 698,852
22 Private 547,885 546,880 546,931
23 Residential 322,213 321,803 320,913
24 Nonresidential 225,672 225,077 226,018
25 Industrial buildings 26,217 24,975 25,465
26 Commercial buildings 102,180 104,134 104,457
27 Other buildings 39,737 38,876 38,592
28 Public utilities and other 57,538 57,092 57,504
29 Public 156,697 151,581 151,921
30 Military 2,268 2,128 2,137
31 Highway 50,897 48,542 45,518
32 Conservation and development 6,016 5,101 5,845
32 Other 97,516 95,810 98,421
1999
Item
July Aug. Sept.
Private residential real
estate activity (thousands
of units except as noted)
NEW UNITS
1 Permits authorized 1,641 1,619 1,506
2 One-family 1,247 1,210 1,171
3 Two-family or more 394 409 335
4 Started 1,704 1,657 1,628
5 One-family 1,348 1,285 1,290
6 Two-family or more 356 372 338
7 Under construction at
end of period(1) 1,017(r) 1,026 1,021
8 One-family 702(r) 706(r) 702(r)
9 Two-family or more 315(r) 320(r) 319(r)
10 Completed 1,619(r) 1,581(r) 1,642(r)
11 One-family 1,262(r) 1,251(r) 1,307(r)
12 Two-family or more 357(r) 330(r) 335(r)
13 Mobile homes shipped 336 340 320
Merchant builder activity in
one-family units
14 Number sold 936(r) 914(r) 848(r)
15 Number for sale at end
of period(1) 306(r) 307 311
Price of units sold (thousands
of dollars)(2)
16 Median 157.9 154.9 162.0
17 Average 188.8 193.3 194.4
EXISTING UNITS (one-family)
18 Number sold 5,310(r) 5,300(r) 5,150(r)
Price of units sold (thousands
of dollars)(2)
19 Median 136.0 137.4 134.4
20 Average 171.9 174.3 170.2
Value of new construction
(millions of dollars)(3)
CONSTRUCTION
21 Total put in place 701,961 698,439 698,168
22 Private 545,992 541,793 540,939
23 Residential 320,350 319,656 320,048
24 Nonresidential 225,642 222,137 220,891
25 Industrial buildings 26,246 25,703 25,566
26 Commercial buildings 103,355 102,407 102,728
27 Other buildings 38,412 37,791 37,727
28 Public utilities and other 57,629 56,236 54,870
29 Public 155,969 156,646 157,229
30 Military 2,275 1,682 1,947
31 Highway 47,822 48,182 49,031
32 Conservation and development 5,820 6,598 6,268
32 Other 100,052 100,184 99,983
1999
Item
Oct. Nov.(r)
Private residential real
estate activity (thousands
of units except as noted)
NEW UNITS
1 Permits authorized 1,594 1,612
2 One-family 1,178 1,200
3 Two-family or more 416 412
4 Started 1,636 1,663
5 One-family 1,343 1,344
6 Two-family or more 293 319
7 Under construction at
end of period(1) 1,020(r) 1,022
8 One-family 706(r) 708
9 Two-family or more 314 314
10 Completed 1,608(r) 1,653
11 One-family 1,274(r) 1,345
12 Two-family or more 334(r) 308
13 Mobile homes shipped 321 316
Merchant builder activity in
one-family units
14 Number sold 906(r) 886
15 Number for sale at end
of period(1) 314(r) 318
Price of units sold (thousands
of dollars)(2)
16 Median 160.0(r) 170.7
17 Average 200.3(r) 211.5
EXISTING UNITS (one-family)
18 Number sold 4,880(r) 5,150
Price of units sold (thousands
of dollars)(2)
19 Median 132.5 133.2
20 Average 167.2 168.9
Value of new construction
(millions of dollars)(3)
CONSTRUCTION
21 Total put in place 701,933 716,458
22 Private 543,796 549,331
23 Residential 322,658 325,734
24 Nonresidential 221,138 223,597
25 Industrial buildings 25,268 26,036
26 Commercial buildings 102,454 104,182
27 Other buildings 38,436 37,726
28 Public utilities and other 54,980 55,653
29 Public 158,137 167,128
30 Military 2,092 1,946
31 Highway 46,988 54,061
32 Conservation and development 6,305 6,683
32 Other 102,752 104,438
1999 2000
Item
Dec.(r) Jan.
Private residential real
estate activity (thousands
of units except as noted)
NEW UNITS
1 Permits authorized 1,622 1,772
2 One-family 1,228 1,318
3 Two-family or more 394 454
4 Started 1,769 1,758
5 One-family 1,441 1,363
6 Two-family or more 328 395
7 Under construction at
end of period(1) 1,028 1,041
8 One-family 712 720
9 Two-family or more 316 321
10 Completed 1,644 1,556
11 One-family 1,315 1,258
12 Two-family or more 329 298
13 Mobile homes shipped 304 307
Merchant builder activity in
one-family units
14 Number sold 921 882
15 Number for sale at end
of period(1) 321 326
Price of units sold (thousands
of dollars)(2)
16 Median 164.0 154.4
17 Average 203.8 194.8
EXISTING UNITS (one-family)
18 Number sold 5,140 4,450
Price of units sold (thousands
of dollars)(2)
19 Median 133.7 132.2
20 Average 168.8 168.9
Value of new construction
(millions of dollars)(3)
CONSTRUCTION
21 Total put in place 731,832 751,764
22 Private 556,327 569,007
23 Residential 330,133 338,234
24 Nonresidential 226,194 230,773
25 Industrial buildings 26,063 26,116
26 Commercial buildings 103,485 107,929
27 Other buildings 38,393 38,946
28 Public utilities and other 58,253 57,782
29 Public 175,505 182,757
30 Military 2,380 1,848
31 Highway 59,434 66,242
32 Conservation and development 6,970 6,465
32 Other 106,721 108,202
(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
months earlier 3 months
earlier
(annual rate)
Item 1999
1999 2000
Feb. Feb.
Mar.
CONSUMER PRICES(2)
(1982-84=100)
1 All items 1.6 3.2 1.7
2 Food 2.4 1.8 1.7
3 Energy items -5.7 19.9 4.5
4 All items less food and energy 2.1 2.1 1.4
5 Commodities .7 .3 -2.7
6 Services 2.8 2.8 2.9
PRODUCER PRICES
(1982=100)
7 Finished goods .5 4.0 1.5
8 Consumer foods .4 1.3 2.7
9 Consumer energy -7.6 24.7 8.6
10 Other consumer goods 3.6 1.5 -.8
11 Capital equipment .1 .3 -.3
Intermediate materials
12 Excluding foods and feeds -2.6 5.6 .7
13 Excluding energy -1.8 2.7 -.9
Crude materials
14 Foods -6.6 -.6 10.2
15 Energy -18.0 73.8 -21.1
16 Other -13.1 15.4 2.2
Change from 3 months earlier
(annual rate)
Item 1999
June Sept. Dec.
CONSUMER PRICES(2)
(1982-84=100)
1 All items 2.7 3.9 2.4
2 Food 1.5 2.5 2.2
3 Energy items 16.5 26.0 7.8
4 All items less food and energy 2.1 2.5 1.8
5 Commodities 1.7 2.5 -.6
6 Services 2.3 2.5 3.1
PRODUCER PRICES
(1982=100)
7 Finished goods 2.5 6.8 1.2
8 Consumer foods -.6 3.3 -1.8
9 Consumer energy 22.4 37.6 6.9
10 Other consumer goods .8 3.8 1.1
11 Capital equipment .0 .3 1.2
Intermediate materials
12 Excluding foods and feeds 5.7 6.6 4.2
13 Excluding energy 2.8 3.4 2.4
Crude materials
14 Foods -7.7 3.7 -4.0
15 Energy 163.8 134.4 -24.3
16 Other 7.0 22.6 24.5
Change from 1 month earlier
Item 1999
Oct. Nov. Dec.
CONSUMER PRICES(2)
(1982-84=100)
1 All items .2 .2 .2
2 Food .2 .2 .1
3 Energy items .0 .1 1.8
4 All items less food and energy .2 .2 .1
5 Commodities .1 -.2 -.1
6 Services .2 .4 .2
PRODUCER PRICES
(1982=100)
7 Finished goods .0 .2 .1
8 Consumer foods -.3(r) -.1(r) .0
9 Consumer energy -.4(r) 1.7(r) .4
10 Other consumer goods .2 .0 .1
11 Capital equipment .2 -.1 .1
Intermediate materials
12 Excluding foods and feeds .2(r) .5(r) .4
13 Excluding energy .2 .1 .2
Crude materials
14 Foods .1(r) 1.0(r) -2.1
15 Energy -7.0(r) 9.9(r) -8.7
16 Other 2.4(r) 1.1(r) 2.0
Change from 1
month earlier
Item 2000 Index
level,
Feb.
2000
Jan. Feb.
CONSUMER PRICES(2)
(1982-84=100)
1 All items .2 .5 169.7
2 Food -.1 .4 166.3
3 Energy items 1.0 4.6 116.7
4 All items less food and energy .2 .2 179.4
5 Commodities -.2 .0 144.2
6 Services .3 .3 199.5
PRODUCER PRICES
(1982=100)
7 Finished goods .0 1.0 136.0
8 Consumer foods .1 .4 135.9
9 Consumer energy .7 5.2 87.4
10 Other consumer goods -.4 .5 153.6
11 Capital equipment .1 .0 138.4
Intermediate materials
12 Excluding foods and feeds .4 .8 127.7
13 Excluding energy .3 .2 135.4
Crude materials
14 Foods .7 .7 97.6
15 Energy 4.4 10.0 102.2
16 Other 3.2 -.2 151.0
(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 8,300.8 8,759.9 9,254.6
By source
2 Personal consumption
expenditures 5,524.4 5,848.6 6,257.3
3 Durable goods 642.9 698.2 758.6
4 Nondurable goods 1,641.7 1,708.9 1,842.7
5 Services 3,239.8 3,441.5 3,656.0
6 Gross private domestic
investment 1,383.7 1,531.2 1,622.9
7 Fixed investment 1,315.4 1,460.0 1,577.8
8 Nonresidential 986.1 1,091.3 1,166.5
9 Structures 254.1 272.8 272.7
10 Producers' durable
equipment 732.1 818.5 893.8
11 Residential structures 329.2 368.7 411.3
12 Change in business
inventories 68.3 71.2 45.1
13 Nonfarm 65.6 70.9 41.7
14 Net exports of goods
and services -88.3 -149.6 -255.5
15 Exports 968.0 966.3 997.4
16 Imports 1,056.3 1,115.9 1,252.9
17 Government consumption
expenditures and
gross investment 1,481.0 1,529.7 1,629.8
18 Federal 537.8 538.7 570.5
19 State and local 943.2 991.0 1,059.3
By major type of product
20 Final sales, total 8,232.4 8,688.7 9,209.4
21 Goods 3,074.1 3,239.1 3,437.7
22 Durable 1,424.8 1,528.9 1,619.3
23 Nondurable 1,649.3 1,710.3 1,818.5
24 Services 4,434.7 4,664.4 4,930.5
25 Structures 723.7 785.1 841.2
26 Change in business
inventories 68.3 71.2 45.1
27 Durable goods 35.6 39.0 26.2
28 Nondurable goods 32.8 32.3 19.0
MEMO
29 Total GDP in chained
1996 dollars 8,165.1 8,516.3 8,867.0
NATIONAL INCOME
30 Total 6,634.9 7,036.4 n.a.
31 Compensation of employees 4,675.7 5,011.2 5,331.8
32 Wages and salaries 3,884.7 4,189.5 4,472.4
33 Government and government
enterprises 664.4 692.8 726.5
34 Other 3,220.3 3,496.7 3,745.9
35 Supplement to wages and
salaries 791.0 821.7 859.4
36 Employer contributions
for social insurance 290.1 306.0 323.6
37 Other labor income 500.9 515.7 535.8
38 Proprietors' income(1) 578.6 606.1 658.5
39 Business and professional(1) 549.1 581.0 627.1
40 Farm(1) 29.5 25.1 31.4
41 Rental income of persons(2) 130.2 137.4 145.9
42 Corporate profits(1) 837.9 846.1 n.a.
43 Profits before tax(3) 795.9 781.9 n.a.
44 Inventory valuation adjustment 7.4 20.9 n.a.
45 Capital consumption adjustment 34.6 43.3 52.0
46 Net interest 412.5 435.7 n.a.
1998 1999
Account
Q4 Q1 Q2
GROSS DOMESTIC PRODUCT
1 Total 8,947.6 9,072.7 9,146.2
By source
2 Personal consumption
expenditures 5,973.7 6,090.8 6,200.8
3 Durable goods 722.8 739.0 751.6
4 Nondurable goods 1,742.9 1,787.8 1,824.8
5 Services 3,508.0 3,564.0 3,624.3
6 Gross private domestic
investment 1,580.3 1,594.3 1,585.4
7 Fixed investment 1,508.9 1,543.3 1,567.8
8 Nonresidential 1,121.4 1,139.9 1,155.4
9 Structures 278.0 247.7 272.5
10 Producers' durable
equipment 843.4 865.2 882.9
11 Residential structures 387.5 403.4 412.4
12 Change in business
inventories 71.4 51.0 17.6
13 Nonfarm 56.2 40.9 12.8
14 Net exports of goods
and services -161.2 -201.6 -245.8
15 Exports 981.8 966.9 978.2
16 Imports 1,143.1 1,168.5 1,224.0
17 Government consumption
expenditures and
gross investment 1,554.8 1,589.1 1,605.9
18 Federal 546.7 557.4 561.6
19 State and local 1,008.1 1,031.8 1,044.3
By major type of product
20 Final sales, total 8,876.2 9,021.6 9,128.6
21 Goods 3,318.4 3,365.6 3,406.6
22 Durable 1,571.4 1,584.3 1,601.7
23 Nondurable 1,747.0 1,781.3 1,804.9
24 Services 4,747.9 4,820.7 4,885.5
25 Structures 809.9 835.3 836.5
26 Change in business
inventories 71.4 51.0 17.6
27 Durable goods 38.6 24.1 6.3
28 Nondurable goods 32.8 27.0 11.4
MEMO
29 Total GDP in chained
1996 dollars 8,659.2 8,737.9 8,778.6
NATIONAL INCOME
30 Total 7,193.8 7,334.5 7,423.1
31 Compensation of employees 5,134.7 5,217.7 5,287.1
32 Wages and salaries 4,300.8 4,371.5 4,432.6
33 Government and government
enterprises 702.8 715.8 721.3
34 Other 3,598.0 3,655.7 3,711.3
35 Supplement to wages and
salaries 833.9 846.2 854.5
36 Employer contributions
for social insurance 311.8 318.3 321.5
37 Other labor income 522.1 528.0 533.0
38 Proprietors' income(1) 637.1 639.9 655.3
39 Business and professional(1) 596.0 607.5 621.2
40 Farm(1) 41.1 32.5 34.1
41 Rental income of persons(2) 147.0 148.6 148.8
42 Corporate profits(1) 834.3 882.0 875.5
43 Profits before tax(3) 766.7 818.1 835.8
44 Inventory valuation adjustment 20.8 13.3 -13.6
45 Capital consumption adjustment 46.9 50.6 53.2
46 Net interest 440.8 446.3 456.4
1999
Account
Q3 Q4
GROSS DOMESTIC PRODUCT
1 Total 9,297.8 9,501.6
By source
2 Personal consumption
expenditures 6,303.7 6,434.2
3 Durable goods 761.8 782.0
4 Nondurable goods 1,853.9 1,904.3
5 Services 3,688.0 3,747.9
6 Gross private domestic
investment 1,635.0 1,676.9
7 Fixed investment 1,594.2 1,605.8
8 Nonresidential 1,181.6 1,189.5
9 Structures 272.1 271.5
10 Producers' durable
equipment 909.5 917.7
11 Residential structures 412.7 416.6
12 Change in business
inventories 40.8 71.1
13 Nonfarm 40.1 73.0
14 Net exports of goods
and services -278.2 -296.4
15 Exports 1,008.5 1,036.2
16 Imports 1,286.6 1,332.6
17 Government consumption
expenditures and
gross investment 1,637.2 1,687.0
18 Federal 569.8 593.2
19 State and local 1,067.4 1,093.8
By major type of product
20 Final sales, total 9,257.0 9,430.5
21 Goods 3,453.2 3,525.5
22 Durable 1,631.1 1,660.0
23 Nondurable 1,822.2 1,865.5
24 Services 4,963.7 5,052.1
25 Structures 840.1 852.9
26 Change in business
inventories 40.8 71.1
27 Durable goods 23.0 51.4
28 Nondurable goods 17.8 19.7
MEMO
29 Total GDP in chained
1996 dollars 8,900.6 9,050.9
NATIONAL INCOME
30 Total 7,522.1 n.a.
31 Compensation of employees 5,373.6 5,448.8
32 Wages and salaries 4,509.4 4,576.0
33 Government and government
enterprises 730.3 738.6
34 Other 3,779.1 3,837.4
35 Supplement to wages and
salaries 864.2 872.8
36 Employer contributions
for social insurance 325.7 329.1
37 Other labor income 538.5 543.7
38 Proprietors' income(1) 654.0 684.8
39 Business and professional(1) 633.0 646.6
40 Farm(1) 21.0 38.2
41 Rental income of persons(2) 139.0 147.1
42 Corporate profits(1) 879.2 n.a.
43 Profits before tax(3) 853.8 n.a.
44 Inventory valuation adjustment -26.7 n.a.
45 Capital consumption adjustment 52.1 52.0
46 Net interest 476.3 n.a.
(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(r)
PERSONAL INCOME AND SAVING
1 Total personal income 6,951.1 7,358.9 7,791.0
2 Wage and salary disbursements 3,888.9 4,186.0 4,472.4
3 Commodity-producing industries 975.5 1,038.7 1,082.4
4 Manufacturing 718.8 757.5 779.7
5 Distributive industries 879.1 944.6 1,005.8
6 Service industries 1,369.8 1,509.6 1,657.7
7 Government and government
enterprises 664.4 692.8 726.5
8 Other labor income 500.9 515.7 535.8
9 Proprietors' income(1) 578.6 606.1 658.5
10 Business and professional(1) 549.1 581.0 627.1
11 Farm(1) 29.5 25.1 31.4
12 Rental income of persons(2) 130.2 137.4 145.9
13 Dividends 333.4 348.3 364.3
14 Personal interest income 854.9 897.8 930.5
15 Transfer payments 962.4 983.6 1,018.1
16 Old-age survivors, disability,
and health insurance benefits 565.8 578.1 596.4
17 LESS: Personal contributions
for social insurance 298.1 315.9 334.6
18 EQUALS: Personal income 6,951.1 7,358.9 7,791.0
19 LESS: Personal tax and
nontax payments 968.3 1,072.6 1,151.9
20 EQUALS: Disposable personal
income 5,982.8 6,286.2 6,639.0
21 LESS: Personal outlays 5,711.7 6,056.6 6,483.5
22 EQUALS: Personal saving 271.1 229.7 155.5
MEMO
Per capita (chained 1996 dollars)
23 Gross domestic product 30,466.7 31,471.8 32,456.0
24 Personal consumption expenditures 20,275.2 21,059.2 21,965.4
25 Disposable personal income 21,954.0 22,636.0 23,309.0
26 Saving rate (percent) 4.5 3.7 2.3
GROSS SAVING
27 Gross saving 1,521.3 1,646.0 n.a.
28 Gross private saving 1,362.0 1,371.2 n.a.
29 Personal saving 271.1 229.7 155.5
30 Undistributed corporate profits(1) 265.9 257.2 n.a.
31 Corporate inventory valuation
adjustment 7.4 20.9 n.a.
Capital consumption allowances
32 Corporate 579.4 619.2 666.3
33 Noncorporate 249.8 261.5 278.9
34 Gross government saving 159.3 274.8 n.a.
35 Federal 37.7 134.3 n.a.
36 Consumption of fixed capital 86.6 87.4 90.9
37 Current surplus or deficit
(-), national accounts -48.8 46.9 n.a.
38 State and local 121.5 140.5 n.a.
39 Consumption of fixed capital 94.0 98.8 105.1
40 Current surplus or deficit
(-), national accounts 27.5 41.7 n.a.
41 Gross investment 1,518.1 1,598.4 n.a.
42 Gross private domestic investment 1,383.7 1,531.2 1,622.9
43 Gross government investment 258.1 268.7 297.6
44 Net foreign investment -123.7 -201.5 n.a.
45 Statistical discrepancy -3.2 -47.6 n.a.
1998 1999
Account
Q4 Q1 Q2
PERSONAL INCOME AND SAVING
1 Total personal income 7,530.8 7,630.2 7,732.6
2 Wage and salary disbursements 4,297.3 4,371.5 4,432.6
3 Commodity-producing industries 1,056.6 1,062.9 1,075.1
4 Manufacturing 765.6 767.0 774.8
5 Distributive industries 969.9 986.3 997.6
6 Service industries 1,568.0 1,606.6 1,638.5
7 Government and government
enterprises 702.8 715.8 721.3
8 Other labor income 522.1 528.0 533.0
9 Proprietors' income(1) 637.1 639.9 655.3
10 Business and professional(1) 596.0 607.5 621.2
11 Farm(1) 41.1 32.5 34.1
12 Rental income of persons(2) 147.0 148.6 148.8
13 Dividends 351.9 356.1 361.2
14 Personal interest income 906.4 907.4 920.5
15 Transfer payments 991.0 1,007.8 1,013.6
16 Old-age survivors, disability,
and health insurance benefits 581.1 588.9 593.0
17 LESS: Personal contributions
for social insurance 322.0 328.9 332.3
18 EQUALS: Personal income 7,530.8 7,630.2 7,732.6
19 LESS: Personal tax and
nontax payments 1,113.0 1,124.8 1,139.4
20 EQUALS: Disposable personal
income 6,417.8 6,505.4 6,593.2
21 LESS: Personal outlays 6,190.3 6,310.3 6,425.2
22 EQUALS: Personal saving 227.5 195.1 168.0
MEMO
Per capita (chained 1996 dollars)
23 Gross domestic product 31,882.1 32,112.7 32,179.8
24 Personal consumption expenditures 21,339.3 21,640.6 21,854.1
25 Disposable personal income 22,924.0 23,110.0 23,239.0
26 Saving rate (percent) 3.5 3.0 2.5
GROSS SAVING
27 Gross saving 1,685.4 1,727.8 1,709.5
28 Gross private saving 1,382.3 1,389.4 1,359.3
29 Personal saving 227.5 195.1 168.0
30 Undistributed corporate profits(1) 246.5 277.6 259.5
31 Corporate inventory valuation
adjustment 20.8 13.3 -13.6
Capital consumption allowances
32 Corporate 637.1 645.8 657.2
33 Noncorporate 267.7 271.0 274.6
34 Gross government saving 303.0 338.3 350.2
35 Federal 147.8 187.2 208.3
36 Consumption of fixed capital 88.1 89.6 90.2
37 Current surplus or deficit
(-), national accounts 59.7 97.6 118.1
38 State and local 155.2 151.1 141.9
39 Consumption of fixed capital 101.1 102.4 104.3
40 Current surplus or deficit
(-), national accounts 54.2 48.7 37.6
41 Gross investment 1,623.0 1,628.4 1,574.0
42 Gross private domestic investment 1,580.3 1,594.3 1,585.4
43 Gross government investment 272.6 289.8 292.2
44 Net foreign investment -229.9 -255.7 -303.7
45 Statistical discrepancy -62.4 -99.4 -135.5
1999
Account
Q3 Q4(r)
PERSONAL INCOME AND SAVING
1 Total personal income 7,831.4 7,969.6
2 Wage and salary disbursements 4,509.4 4,576.0
3 Commodity-producing industries 1,090.2 1,101.3
4 Manufacturing 786.4 790.6
5 Distributive industries 1,013.4 1,025.7
6 Service industries 1,675.5 1,710.4
7 Government and government
enterprises 730.3 738.6
8 Other labor income 538.5 543.7
9 Proprietors' income(1) 654.0 684.8
10 Business and professional(1) 633.0 646.6
11 Farm(1) 21.0 38.2
12 Rental income of persons(2) 139.0 147.1
13 Dividends 367.0 373.1
14 Personal interest income 938.8 955.5
15 Transfer payments 1,021.3 1,029.8
16 Old-age survivors, disability,
and health insurance benefits 599.0 604.7
17 LESS: Personal contributions
for social insurance 336.7 340.4
18 EQUALS: Personal income 7,831.4 7,969.6
19 LESS: Personal tax and
nontax payments 1,160.4 1,183.2
20 EQUALS: Disposable personal
income 6,671.0 6,786.5
21 LESS: Personal outlays 6,531.5 6,666.8
22 EQUALS: Personal saving 139.5 119.6
MEMO
Per capita (chained 1996 dollars)
23 Gross domestic product 32,543.4 33,008.2
24 Personal consumption expenditures 22,059.5 22,320.5
25 Disposable personal income 23,343.0 23,542.0
26 Saving rate (percent) 2.1 1.8
GROSS SAVING
27 Gross saving 1,735.6 n.a.
28 Gross private saving 1,355.7 n.a.
29 Personal saving 139.5 119.6
30 Undistributed corporate profits(1) 252.4 n.a.
31 Corporate inventory valuation
adjustment -26.7 n.a.
Capital consumption allowances
32 Corporate 676.5 685.8
33 Noncorporate 287.2 282.8
34 Gross government saving 379.9 n.a.
35 Federal 225.1 n.a.
36 Consumption of fixed capital 91.2 92.4
37 Current surplus or deficit
(-), national accounts 133.8 n.a.
38 State and local 154.8 n.a.
39 Consumption of fixed capital 106.0 107.8
40 Current surplus or deficit
(-), national accounts 48.9 n.a.
41 Gross investment 1,594.4 n.a.
42 Gross private domestic investment 1,635.0 1,676.9
43 Gross government investment 295.7 312.8
44 Net foreign investment -336.3 n.a.
45 Statistical discrepancy -141.2 n.a.
(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
1 Balance on current account -143,465 -220,562
2 Balance on goods and services -104,730 -164,282
3 Exports 938,543 933,907
4 Imports -1,043,273 -1,098,189
5 Income, net 3,231 -12,205
6 Investment, net 8,185 -6,956
7 Direct 69,220 59,405
8 Portfolio -61,035 -66,361
9 Compensation of employees -4,954 -5,249
10 Unilateral current transfers, net -41,966 -44,075
11 Change in U.S. government assets other
than official reserve
assets, net (increase, -) 68 -429
12 Change in U.S. official reserve
assets (increase, -) -1,010 -6,784
13 Gold 0 0
14 Special drawing rights (SDRs) -350 -149
15 Reserve position in International
Monetary Fund -3,575 -5,118
16 Foreign currencies 2,915 -1,517
17 Change in U.S. private assets
abroad (increase, -) -464,354 -285,605
18 Bank-reported claims(3) -144,822 -24,918
19 Nonbank-reported claims -120,403 -25,041
20 U.S. purchases of foreign
securities, net -89,174 -102,817
21 U.S. direct investments abroad, net -109,955 -132,829
22 Change in foreign official assets
in United States (increase, +) 18,119 -21,684
23 U.S. Treasury securities -6,690 -9,957
24 Other U.S. government obligations 4,529 6,332
25 Other U.S. government liabilities(3) -1,798 -3,113
26 Other U.S. liabilities reported
by U.S. banks(3) 22,286 -11,469
27 Other foreign official assets(4) -208 -3,477
28 Change in foreign private assets
in United States (increase, +) 733,542 524,321
29 U.S. bank-reported liabilities(2) 149,026 40,731
30 U.S. nonbank-reported liabilities 107,779 9,412
31 Foreign private purchases of U.S.
Treasury securities, net 146,433 46,155
32 U.S. currency flows 24,782 16,622
33 Foreign purchases of other U.S.
securities, net 196,258 218,026
34 Foreign direct investments in
United States, net 109,264 193,375
35 Capital account transactions,
net(5) 292 617
36 Discrepancy -143,192 10,126
37 Due to seasonal adjustment ... ...
38 Before seasonal adjustment -143,192 10,126
MEMO
Changes in official assets
39 U.S. official reserve assets
(increase, -) -1,010 -6,784
40 Foreign official assets in
United States, excluding
line 25 (increase, +) 19,917 -18,571
41 Change in Organization
of Petroleum Exporting
Countries official assets
in United States
(part of line 22) 12,124 -11,499
1998
Item credits or debits 1999
Q4
1 Balance on current account -338,918 -61,669
2 Balance on goods and services -267,548 -43,262
3 Exports 960,088 236,904
4 Imports -1,227,636 -280,166
5 Income, net -24,789 -4,933
6 Investment, net -19,186 -3,571
7 Direct 58,433 14,558
8 Portfolio -77,619 -18,129
9 Compensation of employees -5,603 -1,362
10 Unilateral current transfers, net -46,581 -13,474
11 Change in U.S. government assets other
than official reserve
assets, net (increase, -) -365 -50
12 Change in U.S. official reserve
assets (increase, -) 8,749 -2,369
13 Gold 0 0
14 Special drawing rights (SDRs) 12 -227
15 Reserve position in International
Monetary Fund 5,485 -1,924
16 Foreign currencies 3,252 -218
17 Change in U.S. private assets
abroad (increase, -) -380,951 -48,188
18 Bank-reported claims(3) -61,424 37,192
19 Nonbank-reported claims -69,493 16,202
20 U.S. purchases of foreign
securities, net -97,882 -70,809
21 U.S. direct investments abroad, net -152,152 -30,773
22 Change in foreign official assets
in United States (increase, +) 44,570 24,352
23 U.S. Treasury securities 12,073 31,836
24 Other U.S. government obligations 20,350 1,562
25 Other U.S. government liabilities(3) -3,698 -1,054
26 Other U.S. liabilities reported
by U.S. banks(3) 14,937 -7,133
27 Other foreign official assets(4) 908 -859
28 Change in foreign private assets
in United States (increase, +) 706,195 125,453
29 U.S. bank-reported liabilities(2) 67,713 -21,811
30 U.S. nonbank-reported liabilities 29,411 -53,210
31 Foreign private purchases of U.S.
Treasury securities, net -21,756 24,391
32 U.S. currency flows 22,407 6,250
33 Foreign purchases of other U.S.
securities, net 325,913 49,328
34 Foreign direct investments in
United States, net 282,507 120,505
35 Capital account transactions,
net(5) -172 166
36 Discrepancy -39,108 -37,695
37 Due to seasonal adjustment ... 4,144
38 Before seasonal adjustment -39,108 -41,839
MEMO
Changes in official assets
39 U.S. official reserve assets
(increase, -) 8,749 -2,369
40 Foreign official assets in
United States, excluding
line 25 (increase, +) 48,268 25,406
41 Change in Organization
of Petroleum Exporting
Countries official assets
in United States
(part of line 22) 968 2,057
1999
Item credits or debits
Q1 Q2
1 Balance on current account -68,902(r) -81,157(r)
2 Balance on goods and services -54,177(r) -65,290(r)
3 Exports 231,567(r) 234,174(r)
4 Imports -285,744(r) -299,464(r)
5 Income, net -4,419(r) -4,692(r)
6 Investment, net -3,029(r) -3,308(r)
7 Direct 14,757(r) 13,913(r)
8 Portfolio -17,786(r) -17,221(r)
9 Compensation of employees -1,390(r) -1,384(r)
10 Unilateral current transfers, net -10,306(r) -11,175(r)
11 Change in U.S. government assets other
than official reserve
assets, net (increase, -) 119 -392
12 Change in U.S. official reserve
assets (increase, -) 4,068 1,159
13 Gold 0 0
14 Special drawing rights (SDRs) 563 -190
15 Reserve position in International
Monetary Fund 3 1,413
16 Foreign currencies 3,502 -64
17 Change in U.S. private assets
abroad (increase, -) -19,581(r) -155,726(r)
18 Bank-reported claims(3) 27,771 -42,519
19 Nonbank-reported claims -13,853 -16,816
20 U.S. purchases of foreign
securities, net 8,132 -64,579
21 U.S. direct investments abroad, net -41,631(r) -31,812(r)
22 Change in foreign official assets
in United States (increase, +) 4,708 -628
23 U.S. Treasury securities 800 -6,708
24 Other U.S. government obligations 5,993 5,792
25 Other U.S. government liabilities(3) -1,594 -647
26 Other U.S. liabilities reported
by U.S. banks(3) -589 1,437
27 Other foreign official assets(4) 98 -502
28 Change in foreign private assets
in United States (increase, +) 84,260(r) 275,007(r)
29 U.S. bank-reported liabilities(2) -14,184 34,938
30 U.S. nonbank-reported liabilities 20,188 8,871
31 Foreign private purchases of U.S.
Treasury securities, net -8,781 -5,407
32 U.S. currency flows 2,440 3,057
33 Foreign purchases of other U.S.
securities, net 61,540 79,067
34 Foreign direct investments in
United States, net 23,057(r) 154,481(r)
35 Capital account transactions,
net(5) 166 178
36 Discrepancy -4,838(r) -38,441(r)
37 Due to seasonal adjustment 5,650(r) 662(r)
38 Before seasonal adjustment -10,488 -39,103
MEMO
Changes in official assets
39 U.S. official reserve assets
(increase, -) 4,068 1,159
40 Foreign official assets in
United States, excluding
line 25 (increase, +) 6,302 19
41 Change in Organization
of Petroleum Exporting
Countries official assets
in United States
(part of line 22) 2,058 1,966
1999
Item credits or debits
Q3 Q4(p)
1 Balance on current account -89,085 -99,779
2 Balance on goods and services -72,588 -75,496
3 Exports 243,254 251,092
4 Imports -315,842 -326,588
5 Income, net -5,289 -10,391
6 Investment, net -3,887 -8,964
7 Direct 16,543 13,218
8 Portfolio -20,430 -22,182
9 Compensation of employees -1,402 -1,427
10 Unilateral current transfers, net -11,208 -13,892
11 Change in U.S. government assets other
than official reserve
assets, net (increase, -) -686 594
12 Change in U.S. official reserve
assets (increase, -) 1,950 1,572
13 Gold 0 0
14 Special drawing rights (SDRs) -185 -176
15 Reserve position in International
Monetary Fund 2,268 1,801
16 Foreign currencies -133 -53
17 Change in U.S. private assets
abroad (increase, -) -114,652 -90,988
18 Bank-reported claims(3) -8,799 -37,877
19 Nonbank-reported claims -24,066 -14,758
20 U.S. purchases of foreign
securities, net -34,431 -7,004
21 U.S. direct investments abroad, net -47,356 -31,349
22 Change in foreign official assets
in United States (increase, +) 11,881 28,609
23 U.S. Treasury securities 12,963 5,018
24 Other U.S. government obligations 1,835 6,730
25 Other U.S. government liabilities(3) -1,070 -387
26 Other U.S. liabilities reported
by U.S. banks(3) -2,032 16,121
27 Other foreign official assets(4) 185 1,127
28 Change in foreign private assets
in United States (increase, +) 195,854 151,077
29 U.S. bank-reported liabilities(2) 22,629 24,330
30 U.S. nonbank-reported liabilities 3,475 -3,123
31 Foreign private purchases of U.S.
Treasury securities, net 9,639 -17,207
32 U.S. currency flows 4,697 12,213
33 Foreign purchases of other U.S.
securities, net 94,573 90,733
34 Foreign direct investments in
United States, net 60,841 44,131
35 Capital account transactions,
net(5) 175 -691
36 Discrepancy -5,437 9,606
37 Due to seasonal adjustment -9,615 3,301
38 Before seasonal adjustment 4,178 6,305
MEMO
Changes in official assets
39 U.S. official reserve assets
(increase, -) 1,950 1,572
40 Foreign official assets in
United States, excluding
line 25 (increase, +) 12,951 28,996
41 Change in Organization
of Petroleum Exporting
Countries official assets
in United States
(part of line 22) -983 -2,073
(1.) Seasonal factors are not calculated for line 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 seasonally adjusted
Item 1997 1998 1999
1 Goods and services, balance -104,731 -164,282 -271,310
2 Merchandise -196,652 -246,932 -347,130
3 Services 91,921 82,650 75,820
4 Goods and services, exports 938,543 933,907 958,491
5 Merchandise 679,715 670,246 683,021
6 Services 258,828 263,661 275,470
7 Goods and services, imports -1,043,273 -1,098,189 -1,229,802
8 Merchandise -876,366 -917,178 -1,030,152
9 Services -166,907 -181,011 -199,650
1999(r)
Item
July Aug. Sept.
1 Goods and services, balance -25,295 -23,747 -23,548
2 Merchandise -31,482 -30,192 -30,271
3 Services 6,187 6,445 6,723
4 Goods and services, exports 78,798 82,188 82,266
5 Merchandise 55,795 59,044 58,839
6 Services 23,003 23,144 23,427
7 Goods and services, imports -104,093 -105,935 -105,814
8 Merchandise -87,277 -89,236 -89,110
9 Services -16,816 -16,699 -16,704
1999(r)
Item
Oct. Nov.
1 Goods and services, balance -24,935 -25,974
2 Merchandise -31,876 -32,869
3 Services 6,941 6,895
4 Goods and services, exports 82,711 83,021
5 Merchandise 58,832 59,184
6 Services 23,879 23,837
7 Goods and services, imports -107,646 -108,995
8 Merchandise -90,708 -92,053
9 Services -16,938 -16,942
1999(r) 2000
Item
Dec. Jan.(p)
1 Goods and services, balance -24,610 -28,003
2 Merchandise -31,494 -34,740
3 Services 6,884 6,737
4 Goods and services, exports 85,562 84,064
5 Merchandise 61,942 60,426
6 Services 23,620 23,638
7 Goods and services, imports -110,172 -112,067
8 Merchandise -93,436 -95,166
9 Services -16,736 -16,901
(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 1996 1997 1998
1 Total 75,090 69,954 81,755
2 Gold stock, including Exchange
Stabilization Fund(1) 11,049 11,050 11,041
3 Special drawing rights(2,3) 10,312 10,027 10,603
4 Reserve position in International
Monetary Fund(2) 15,435 18,071 24,111
5 Foreign currencies(4) 38,294 30,809 36,001
1999
Asset
Aug. Sept. Oct.
1 Total 72,649 73,414 73,230
2 Gold stock, including Exchange
Stabilization Fund(1) 11,046 11,047 11,049
3 Special drawing rights(2,3) 10,152 10,284 10,232
4 Reserve position in International
Monetary Fund(2) 19,885 19,978 19,571
5 Foreign currencies(4) 31,566 32,105 32,378
1999 2000
Asset
Nov. Dec. Jan.
1 Total 72,318 71,516 69,898
2 Gold stock, including Exchange
Stabilization Fund(1) 11,049 11,089 11,048
3 Special drawing rights(2,3) 10,326 10,336 10,199
4 Reserve position in International
Monetary Fund(2) 18,707 17,950 17,710
5 Foreign currencies(4) 32,236 32,182 30,941
2000
Asset
Feb. Mar.(p)
1 Total 69,309 70,789
2 Gold stock, including Exchange
Stabilization Fund(1) 11,048 11,048
3 Special drawing rights(2,3) 10,277 10,335
4 Reserve position in International
Monetary Fund(2) 17,578 17,871
5 Foreign currencies(4) 30,406 31,535
(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 1996 1997 1998
1 Deposits 167 457 167
Held in custody
2 U.S. Treasury securities(2) 638,049 620,885 607,574
3 Earmarked gold(3) 11,197 10,763 10,343
1999
Asset
Aug. Sept. Oct.
1 Deposits 166 243 189
Held in custody
2 U.S. Treasury securities(2) 626,669 634,086 621,351
3 Earmarked gold(3) 10,271 10,155 10,114
1999 2000
Asset
Nov. Dec. Jan.
1 Deposits 501 71 82
Held in custody
2 U.S. Treasury securities(2) 629,430 632,482 627,326
3 Earmarked gold(3) 10,015 9,933 9,866
2000
Asset
Feb. Mar.(p)
1 Deposits 87 125
Held in custody
2 U.S. Treasury securities(2) 631,421 641,830
3 Earmarked gold(3) 9,771 9,711
(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
1999(r)
Item 1997 1998
July
1 Total(1) 776,505 759,928 773,497
By type
2 Liabilities reported by banks
in the United States(2) 135,384 125,883 125,873
3 U.S. Treasury bills and
certificates(3) 148,301 134,177 147,492
U.S. Treasury bonds and notes
4 Marketable 428,004 432,127 420,197
5 Nonmarketable(4) 5,994 6,074 6,022
6 U.S. securities other than U.S.
Treasury securities(5) 58,822 61,667 73,913
By area
7 Europe(1) 252,289 256,026 240,546
8 Canada 36,177 36,715 39,147
9 Latin America and Caribbean 96,942 79,503 77,832
10 Asia 400,144 400,631 430,032
11 Africa 9,981 10,059 8,397
12 Other countries 7,058 3,080 3,629
1999(r)
Item
Aug. Sept. Oct.
1 Total(1) 782,490 778,640 782,865
By type
2 Liabilities reported by banks
in the United States(2) 126,220 124,148 124,523
3 U.S. Treasury bills and
certificates(3) 153,499 152,457 154,582
U.S. Treasury bonds and notes
4 Marketable 422,591 420,877 419,629
5 Nonmarketable(4) 6,060 6,098 6,139
6 U.S. securities other than U.S.
Treasury securities(5) 74,120 75,060 77,992
By area
7 Europe(1) 243,334 241,233 243,412
8 Canada 39,342 39,337 39,682
9 Latin America and Caribbean 75,339 74,279 73,627
10 Asia 438,264 437,895 439,811
11 Africa 8,140 8,236 7,868
12 Other countries 4,157 3,746 4,551
1999(r) 2000
Item
Nov. Dec. Jan.(p)
1 Total(1) 779,191 805,939 803,786
By type
2 Liabilities reported by banks
in the United States(2) 122,505 138,572 130,065
3 U.S. Treasury bills and
certificates(3) 153,465 156,073 153,548
U.S. Treasury bonds and notes
4 Marketable 417,304 422,266 429,029
5 Nonmarketable(4) 6,177 6,111 6,152
6 U.S. securities other than U.S.
Treasury securities(5) 79,740 82,917 84,992
By area
7 Europe(1) 242,587 244,802 241,577
8 Canada 39,081 38,666 39,439
9 Latin America and Caribbean 70,632 73,414 71,888
10 Asia 441,070 463,434 463,561
11 Africa 7,174 7,520 8,205
12 Other countries 4,733 4,189 5,202
(1.) Includes the Bank for International Settlements.
(2.) Principally demand deposits, time deposits, bankers
acceptances, commercial paper, negotiable time certificates
of deposit, and borrowings under repurchase agreements.
(3.) Includes nonmarketable certificates of indebtedness and
Treasury bills issued to official institutions of foreign
countries.
(4.) Excludes notes issued to foreign official nonreserve agencies.
Includes current value of zero-coupon Treasury bond issues to foreign
governments as follows: Mexico, beginning March 1988, 20-year maturity
issue and beginning March 1990, 30-year maturity issue; Venezuela,
beginning December 1990, 30-year maturity issue; Argentina,
beginning April 1993, 30-year maturity issue.
(5.) Debt securities of U.S. government corporations and federally
sponsored agencies, and U.S. corporate stocks and bonds.
SOURCE. Based on U.S. Department of the Treasury data and on data
reported to the department by banks (including Federal Reserve Banks)
and securities dealers in the United States, and on the 1994 benchmark
survey of foreign portfolio investment in the United States.
3.16 LIABILITIES TO, AND CLAIMS ON, FOREIGNERS
Reported by Banks in the United States(1)
Millions of dollars, end of period
1999
Item 1996 1997 1998
Mar.(r)
1 Banks' liabilities 103,383 117,524 101,125 101,360
2 Banks' claims 66,018 83,038 78,162 80,640
3 Deposits 22,467 28,661 45,985 40,957
4 Other claims 43,551 54,377 32,177 39,683
5 Claims of banks'
domestic customers(2) 10,978 8,191 20,718 11,039
1999
Item
June(r) Sept.(r) Dec.
1 Banks' liabilities 97,820 111,221 97,223
2 Banks' claims 67,946 79,418 79,155
3 Deposits 39,801 45,099 46,232
4 Other claims 28,145 34,319 32,923
5 Claims of banks'
domestic customers(2) 23,474 11,534 20,826
(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(r)
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,283,027 1,347,837 1,425,495
2 Banks' own liabilities 882,980 884,939 975,822
3 Demand deposits 31,344 29,558 42,917
4 Time deposits(2) 198,546 151,761 167,253
5 Other(3) 168,011 140,752 162,445
6 Own foreign offices(4) 485,079 562,868 603,207
7 Banks' custodial liabilities(5) 400,047 462,898 449,673
8 U.S. Treasury bills and
certificates(6) 193,239 183,494 185,677
9 Other negotiable and readily
transferable
instruments(7) 93,641 141,699 132,575
10 Other 113,167 137,705 131,421
11 Nonmonetary international and
regional organizations(8) 11,690 11,883 14,902
12 Banks' own liabilities 11,486 10,850 13,983
13 Demand deposits 16 172 98
14 Time deposits(2) 5,466 5,793 10,349
15 Other(3) 6,004 4,885 3,536
16 Banks' custodial
liabilities(5) 204 1,033 919
17 U.S. 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) 283,685 260,060 294,645
21 Banks' own liabilities 102,028 80,256 97,373
22 Demand deposits 2,314 3,003 3,341
23 Time deposits(2) 41,396 29,506 28,770
24 Other(3) 58,318 47,747 65,262
25 Banks' custodial
liabilities(5) 181,657 179,804 197,272
26 U.S. Treasury bills and
certificates(6) 148,301 134,177 156,073
27 Other negotiable and
readily transferable
instruments(7) 33,151 44,953 41,152
28 Other 205 674 47
29 Banks(10) 815,247 885,336 914,005
30 Banks' own liabilities 641,447 676,057 729,472
31 Unaffiliated foreign banks 156,368 113,189 126,265
32 Demand deposits 16,767 14,071 17,583
33 Time deposits(2) 83,433 45,904 48,273
34 Other(3) 56,168 53,214 60,409
35 Own foreign offices(4) 485,079 562,868 603,207
36 Banks' custodial
liabilities(5) 173,800 209,279 184,533
37 U.S. Treasury bills and
certificates(6) 31,915 35,359 16,927
38 Other negotiable and
readily transferable
instruments(7) 35,393 45,332 45,695
39 Other 106,492 128,588 121,911
40 Other foreigners 172,405 190,558 201,943
41 Banks' own liabilities 128,019 117,776 134,994
42 Demand deposits 12,247 12,312 21,895
43 Time deposits(2) 68,251 70,558 79,861
44 Other(3) 47,521 34,906 33,238
45 Banks' custodial
liabilities(5) 44,386 72,782 66,949
46 U.S. Treasury bills and
certificates(6) 12,954 13,322 11,997
47 Other negotiable and
readily transferable
instruments(7) 24,964 51,017 45,495
48 Other 6,468 8,443 9,457
MEMO
49 Negotiable time certificates of
deposit in custody for
foreigners 16,083 27,026 30,345
AREA
50 Total, all foreigners 1,283,027 1,347,837 1,425,495
51 Foreign countries 1,271,337 1,335,954 1,410,593
52 Europe 419,672 427,375 447,999
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 181,904 181,554 176,165
70 Yugoslavia(11) 239 233 286
71 Other Europe and other
former U.S.S.R.(12) 25,145 30,225 28,907
72 Canada 28,341 30,212 34,119
73 Latin America and Caribbean 536,393 554,866 590,004
74 Argentina 20,199 19,014 18,529
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 276,418 302,486 325,159
79 Chile 4,072 5,015 7,008
80 Colombia 3,652 4,624 5,656
81 Cuba 66 62 75
82 Ecuador 2,078 1,572 1,956
83 Guatemala 1,494 1,336 1,621
84 Jamaica 450 577 520
85 Mexico 33,972 37,157 30,718
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 11,489
92 Asia 269,379 307,960 319,350
China
93 Mainland 18,252 13,441 12,325
94 Taiwan 11,840 12,708 13,595
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 143,401 168,563 159,064
100 Korea (South) 13,060 12,524 12,840
101 Philippines 3,250 3,324 3,253
102 Thailand 6,501 7,359 6,050
103 Middle Eastern oil-exporting
countries(13) 14,959 15,609 21,280
104 Other 25,992 32,251 41,824
105 Africa 10,347 8,905 9,469
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 2,915
111 Other 3,318 2,854 2,844
112 Other 7,205 6,636 9,652
113 Australia 6,304 5,495 8,377
114 Other 901 1,141 1,275
115 Nonmonetary international and
regional organizations 11,690 11,883 14,902
116 International(15) 10,517 10,221 13,002
117 Latin American regional(16) 424 594 650
118 Other regional(17) 749 1,068 1,250
1999
Item July Aug. Sept.
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,342,632 1,387,383 1,378,738
2 Banks' own liabilities 889,734 907,997 927,131
3 Demand deposits 43,183 44,940 44,594
4 Time deposits(2) 156,294 154,433 156,352
5 Other(3) 152,455 152,766 160,883
6 Own foreign offices(4) 537,802 555,858 565,302
7 Banks' custodial liabilities(5) 452,898 479,386 451,607
8 U.S. Treasury bills and
certificates(6) 187,872 192,096 189,030
9 Other negotiable and readily
transferable
instruments(7) 123,813 133,789 131,726
10 Other 141,213 153,501 130,851
11 Nonmonetary international and
regional organizations(8) 18,463 18,268 18,646
12 Banks' own liabilities 16,964 16,856 17,726
13 Demand deposits 66 31 21
14 Time deposits(2) 7,380 6,419 7,370
15 Other(3) 9,518 10,406 10,335
16 Banks' custodial
liabilities(5) 1,499 1,412 920
17 U.S. Treasury bills and
certificates(6) 953 896 661
18 Other negotiable and
readily transferable
instruments(7) 533 516 259
19 Other 13 0 0
20 Official institutions(9) 273,365 279,719 276,605
21 Banks' own liabilities 80,400 77,801 76,780
22 Demand deposits 2,652 2,537 2,932
23 Time deposits(2) 26,326 24,407 25,301
24 Other(3) 51,422 50,857 48,547
25 Banks' custodial
liabilities(5) 192,965 201,918 199,825
26 U.S. Treasury bills and
certificates(6) 147,492 153,499 152,457
27 Other negotiable and
readily transferable
instruments(7) 45,094 48,297 46,633
28 Other 379 122 735
29 Banks(10) 853,461 888,409 877,973
30 Banks' own liabilities 656,476 677,012 692,332
31 Unaffiliated foreign banks 118,674 121,154 127,030
32 Demand deposits 14,086 15,436 14,084
33 Time deposits(2) 49,523 49,623 49,655
34 Other(3) 55,065 56,095 63,291
35 Own foreign offices(4) 537,802 555,858 565,302
36 Banks' custodial
liabilities(5) 196,985 211,397 185,641
37 U.S. Treasury bills and
certificates(6) 28,284 26,314 24,749
38 Other negotiable and
readily transferable
instruments(7) 37,663 41,541 40,370
39 Other 131,038 143,542 120,522
40 Other foreigners 197,343 200,987 205,514
41 Banks' own liabilities 135,894 136,328 140,293
42 Demand deposits 26,379 26,936 27,557
43 Time deposits(2) 73,065 73,984 74,026
44 Other(3) 36,450 35,408 38,710
45 Banks' custodial
liabilities(5) 61,449 64,659 65,221
46 U.S. Treasury bills and
certificates(6) 11,143 11,387 11,163
47 Other negotiable and
readily transferable
instruments(7) 40,523 43,435 44,464
48 Other 9,783 9,837 9,594
MEMO
49 Negotiable time certificates of
deposit in custody for
foreigners 21,811 22,565 24,367
AREA
50 Total, all foreigners 1,342,632 1,387,383 1,378,738
51 Foreign countries 1,324,169 1,369,115 1,360,092
52 Europe 440,903 452,653 456,956
53 Austria 2,770 3,210 3,205
54 Belgium and Luxembourg 33,913 36,668 36,890
55 Denmark 1,143 1,811 1,903
56 Finland 1,358 1,335 1,222
57 France 42,622 42,424 45,809
58 Germany 23,950 23,719 24,485
59 Greece 3,168 3,121 3,358
60 Italy 6,426 5,832 6,231
61 Netherlands 12,206 11,292 11,634
62 Norway 1,184 1,333 1,225
63 Portugal 2,237 1,912 1,976
64 Russia 2,756 2,665 2,816
65 Spain 7,700 8,202 9,479
66 Sweden 3,851 3,779 4,571
67 Switzerland 60,758 76,176 69,338
68 Turkey 7,786 7,883 8,368
69 United Kingdom 200,038 192,431 196,490
70 Yugoslavia(11) 289 270 266
71 Other Europe and other
former U.S.S.R.(12) 26,748 28,590 27,690
72 Canada 29,862 30,409 29,728
73 Latin America and Caribbean 554,419 581,419 570,309
74 Argentina 17,205 17,064 15,547
75 Bahamas 122,465 132,442 139,101
76 Bermuda 9,410 9,319 8,747
77 Brazil 15,413 15,423 16,241
78 British West Indies 294,245 315,843 299,669
79 Chile 6,744 5,805 6,601
80 Colombia 4,637 4,455 4,711
81 Cuba 70 72 76
82 Ecuador 1,975 1,724 1,792
83 Guatemala 1,425 1,521 1,471
84 Jamaica 471 533 550
85 Mexico 39,024 36,301 35,028
86 Netherlands Antilles 3,010 3,408 2,927
87 Panama 3,846 3,816 4,029
88 Peru 837 995 1,042
89 Uruguay 2,323 2,151 2,177
90 Venezuela 20,437 19,797 19,451
91 Other 10,882 10,750 11,149
92 Asia 283,218 288,982 287,227
China
93 Mainland 10,872 12,359 11,914
94 Taiwan 12,482 12,678 12,514
95 Hong Kong 24,200 24,149 23,368
96 India 5,864 5,408 5,625
97 Indonesia 7,309 6,633 6,468
98 Israel 5,076 5,059 5,688
99 Japan 145,652 145,403 149,578
100 Korea (South) 12,792 12,723 11,903
101 Philippines 2,177 2,189 2,414
102 Thailand 6,054 5,809 5,281
103 Middle Eastern oil-exporting
countries(13) 15,581 15,942 14,367
104 Other 35,159 40,630 38,107
105 Africa 7,508 7,660 8,045
106 Egypt 1,566 1,851 1,852
107 Morocco 116 108 118
108 South Africa 1,049 885 753
109 Zaire 13 13 13
110 Oil-exporting countries(14) 2,281 2,510 2,807
111 Other 2,483 2,293 2,502
112 Other 8,259 7,992 7,827
113 Australia 7,252 6,963 6,788
114 Other 1,007 1,029 1,039
115 Nonmonetary international and
regional organizations 18,463 18,268 18,646
116 International(15) 15,822 16,112 16,570
117 Latin American regional(16) 819 725 662
118 Other regional(17) 1,822 1,431 1,414
1999
Item Oct. Nov.
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,374,075 1,444,376(r)
2 Banks' own liabilities 931,730 976,368(r)
3 Demand deposits 39,451 42,889(r)
4 Time deposits(2) 162,273 166,483(r)
5 Other(3) 155,743 162,825(r)
6 Own foreign offices(4) 574,263 604,171(r)
7 Banks' custodial liabilities(5) 442,345 468,008(r)
8 U.S. Treasury bills and
certificates(6) 188,486 184,675
9 Other negotiable and readily
transferable
instruments(7) 131,464 131,859
10 Other 122,395 151,474(r)
11 Nonmonetary international and
regional organizations(8) 17,893 14,043
12 Banks' own liabilities 17,052 13,156
13 Demand deposits 187 70
14 Time deposits(2) 8,772 7,675
15 Other(3) 8,093 5,411
16 Banks' custodial
liabilities(5) 841 887
17 U.S. Treasury bills and
certificates(6) 628 658
18 Other negotiable and
readily transferable
instruments(7) 213 229
19 Other 0 0
20 Official institutions(9) 279,105 275,970(r)
21 Banks' own liabilities 79,376 80,029(r)
22 Demand deposits 2,314 2,829
23 Time deposits(2) 29,152 27,009(r)
24 Other(3) 47,910 50,191
25 Banks' custodial
liabilities(5) 199,729 195,941
26 U.S. Treasury bills and
certificates(6) 154,582 153,465
27 Other negotiable and
readily transferable
instruments(7) 44,804 42,331
28 Other 343 145
29 Banks(10) 874,089 945,756(r)
30 Banks' own liabilities 698,212 739,976(r)
31 Unaffiliated foreign banks 123,949 135,805(r)
32 Demand deposits 17,111 14,402
33 Time deposits(2) 48,693 54,388
34 Other(3) 58,145 67,015(r)
35 Own foreign offices(4) 574,263 604,171(r)
36 Banks' custodial
liabilities(5) 175,877 205,780(r)
37 U.S. Treasury bills and
certificates(6) 22,203 19,512
38 Other negotiable and
readily transferable
instruments(7) 41,529 44,889
39 Other 112,145 141,379(r)
40 Other foreigners 202,988 208,607
41 Banks' own liabilities 137,090 143,207
42 Demand deposits 19,839 25,588(r)
43 Time deposits(2) 75,656 77,411(r)
44 Other(3) 41,595 40,208
45 Banks' custodial
liabilities(5) 65,898 65,400
46 U.S. Treasury bills and
certificates(6) 11,073 11,040
47 Other negotiable and
readily transferable
instruments(7) 44,918 44,410
48 Other 9,907 9,950
MEMO
49 Negotiable time certificates of
deposit in custody for
foreigners 26,550 28,320
AREA
50 Total, all foreigners 1,374,075 1,444,376(r)
51 Foreign countries 1,356,182 1,430,333(r)
52 Europe 442,523 470,915(r)
53 Austria 3,299 2,842
54 Belgium and Luxembourg 38,590 41,331(r)
55 Denmark 2,658 3,197
56 Finland 1,269 1,894
57 France 45,764 50,262
58 Germany 25,479 26,537
59 Greece 3,322 3,365
60 Italy 6,306 5,264
61 Netherlands 13,882 12,775
62 Norway 951 1,364
63 Portugal 1,875 2,148
64 Russia 3,713 3,655
65 Spain 9,287 11,181
66 Sweden 5,381 5,518
67 Switzerland 65,967 67,027
68 Turkey 8,252 8,817(r)
69 United Kingdom 178,022 195,465
70 Yugoslavia(11) 267 267
71 Other Europe and other
former U.S.S.R.(12) 28,239 28,006
72 Canada 34,995 33,746
73 Latin America and Caribbean 573,215 616,376(r)
74 Argentina 17,546 15,042(r)
75 Bahamas 134,111 139,179
76 Bermuda 10,902 8,859
77 Brazil 13,253 14,184(r)
78 British West Indies 308,593 350,030(r)
79 Chile 6,559 6,521
80 Colombia 5,011 4,783
81 Cuba 72 73
82 Ecuador 1,833 1,930
83 Guatemala 1,484 1,577
84 Jamaica 549 546
85 Mexico 32,208 31,187
86 Netherlands Antilles 2,688 3,389
87 Panama 4,007 3,834
88 Peru 959 997(r)
89 Uruguay 2,218 2,585(r)
90 Venezuela 19,914 20,311
91 Other 11,308 11,349(r)
92 Asia 287,963 292,078(r)
China
93 Mainland 10,460 13,981
94 Taiwan 12,023 14,791
95 Hong Kong 24,299 22,276(r)
96 India 5,659 5,610
97 Indonesia 6,037 6,486
98 Israel 5,175 5,071
99 Japan 151,632 152,095
100 Korea (South) 9,935 8,474
101 Philippines 2,134 2,639
102 Thailand 4,983 5,164
103 Middle Eastern oil-exporting
countries(13) 16,825 17,944
104 Other 38,801 37,547
105 Africa 8,037 7,799
106 Egypt 1,364 1,846
107 Morocco 174 166
108 South Africa 828 957
109 Zaire 14 13
110 Oil-exporting countries(14) 2,912 2,248(r)
111 Other 2,745 2,569(r)
112 Other 9,449 9,419
113 Australia 8,199 8,394
114 Other 1,250 1,025
115 Nonmonetary international and
regional organizations 17,893 14,043
116 International(15) 16,009 12,710
117 Latin American regional(16) 960 345
118 Other regional(17) 924 988
1999 2000
Item Dec. Jan.(p)
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,425,495 1,422,102
2 Banks' own liabilities 975,822 980,232
3 Demand deposits 42,917 36,580
4 Time deposits(2) 167,253 164,416
5 Other(3) 162,445 174,462
6 Own foreign offices(4) 603,207 604,774
7 Banks' custodial liabilities(5) 449,673 441,870
8 U.S. Treasury bills and
certificates(6) 185,677 181,819
9 Other negotiable and readily
transferable
instruments(7) 132,575 128,899
10 Other 131,421 131,152
11 Nonmonetary international and
regional organizations(8) 14,902 20,949
12 Banks' own liabilities 13,983 20,093
13 Demand deposits 98 202
14 Time deposits(2) 10,349 9,621
15 Other(3) 3,536 10,270
16 Banks' custodial
liabilities(5) 919 856
17 U.S. Treasury bills and
certificates(6) 680 625
18 Other negotiable and
readily transferable
instruments(7) 233 225
19 Other 6 6
20 Official institutions(9) 294,645 283,613
21 Banks' own liabilities 97,373 82,435
22 Demand deposits 3,341 2,645
23 Time deposits(2) 28,770 25,195
24 Other(3) 65,262 54,595
25 Banks' custodial
liabilities(5) 197,272 201,178
26 U.S. Treasury bills and
certificates(6) 156,073 153,548
27 Other negotiable and
readily transferable
instruments(7) 41,152 47,077
28 Other 47 553
29 Banks(10) 914,005 915,848
30 Banks' own liabilities 729,472 736,959
31 Unaffiliated foreign banks 126,265 132,185
32 Demand deposits 17,583 12,955
33 Time deposits(2) 48,273 51,183
34 Other(3) 60,409 68,047
35 Own foreign offices(4) 603,207 604,774
36 Banks' custodial
liabilities(5) 184,533 178,889
37 U.S. Treasury bills and
certificates(6) 16,927 17,582
38 Other negotiable and
readily transferable
instruments(7) 45,695 40,393
39 Other 121,911 120,914
40 Other foreigners 201,943 201,692
41 Banks' own liabilities 134,994 140,745
42 Demand deposits 21,895 20,778
43 Time deposits(2) 79,861 78,417
44 Other(3) 33,238 41,550
45 Banks' custodial
liabilities(5) 66,949 60,947
46 U.S. Treasury bills and
certificates(6) 11,997 10,064
47 Other negotiable and
readily transferable
instruments(7) 45,495 41,204
48 Other 9,457 9,679
MEMO
49 Negotiable time certificates of
deposit in custody for
foreigners 30,345 28,344
AREA
50 Total, all foreigners 1,425,495 1,422,102
51 Foreign countries 1,410,593 1,401,153
52 Europe 447,999 449,106
53 Austria 2,789 2,675
54 Belgium and Luxembourg 44,692 42,434
55 Denmark 2,196 2,510
56 Finland 1,658 1,290
57 France 49,790 48,530
58 Germany 24,748 23,279
59 Greece 3,748 3,118
60 Italy 6,775 6,259
61 Netherlands 8,310 7,266
62 Norway 1,327 834
63 Portugal 2,228 2,034
64 Russia 5,475 6,404
65 Spain 10,426 12,531
66 Sweden 4,652 4,673
67 Switzerland 65,985 68,718
68 Turkey 7,842 6,897
69 United Kingdom 176,165 184,442
70 Yugoslavia(11) 286 273
71 Other Europe and other
former U.S.S.R.(12) 28,907 24,939
72 Canada 34,119 32,951
73 Latin America and Caribbean 590,004 610,074
74 Argentina 18,529 15,321
75 Bahamas 134,407 149,643
76 Bermuda 7,877 9,975
77 Brazil 12,860 12,135
78 British West Indies 325,159 331,243
79 Chile 7,008 6,363
80 Colombia 5,656 4,427
81 Cuba 75 75
82 Ecuador 1,956 1,969
83 Guatemala 1,621 1,619
84 Jamaica 520 540
85 Mexico 30,718 32,064
86 Netherlands Antilles 3,997 4,269
87 Panama 4,415 4,020
88 Peru 1,142 1,068
89 Uruguay 2,386 2,257
90 Venezuela 20,189 21,397
91 Other 11,489 11,689
92 Asia 319,350 290,085
China
93 Mainland 12,325 11,565
94 Taiwan 13,595 11,666
95 Hong Kong 27,697 25,943
96 India 7,367 5,490
97 Indonesia 6,567 6,853
98 Israel 7,488 6,569
99 Japan 159,064 149,097
100 Korea (South) 12,840 11,215
101 Philippines 3,253 1,924
102 Thailand 6,050 5,399
103 Middle Eastern oil-exporting
countries(13) 21,280 16,901
104 Other 41,824 37,463
105 Africa 9,469 8,032
106 Egypt 2,022 1,613
107 Morocco 179 176
108 South Africa 1,495 651
109 Zaire 14 7
110 Oil-exporting countries(14) 2,915 2,953
111 Other 2,844 2,632
112 Other 9,652 10,905
113 Australia 8,377 9,911
114 Other 1,275 994
115 Nonmonetary international and
regional organizations 14,902 20,949
116 International(15) 13,002 18,850
117 Latin American regional(16) 650 1,128
118 Other regional(17) 1,250 971
(1.) Reporting banks include all types of depository institutions as
well as some brokers and dealers. Excludes bonds and notes of
maturities longer than one year.
(2.) Excludes negotiable time certificates of deposit, which are
included in "Other negotiable and readily transferable instruments."
(3.) Includes borrowing under repurchase agreements.
(4.) For U.S. banks, includes amounts owed to own foreign branches and
foreign subsidiaries consolidated in quarterly Consolidated Reports of
Condition filed with bank regulatory agencies. For agencies, branches,
and majority-owned subsidiaries of foreign banks, consists principally
of amounts owed to the head office or parent foreign bank, and to
foreign branches, agencies, or wholly owned subsidiaries of the head
office or parent foreign bank.
(5.) Financial claims on residents of the United States, other than
long-term securities, held by or through reporting banks for foreign
customers.
(6.) Includes nonmarketable certificates of indebtedness and Treasury
bills issued to official institutions of foreign countries.
(7.) Principally bankers 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(r)
1 Total, all foreigners 708,225 734,995 791,863
2 Foreign countries 705,762 731,378 787,718
3 Europe 199,880 233,321 313,490
4 Austria 1,354 1,043 2,643
5 Belgium and Luxembourg 6,641 7,187 10,112
6 Denmark 980 2,383 1,669
7 Finland 1,233 1,070 1,988
8 France 16,239 15,251 29,088
9 Germany 12,676 15,923 29,190
10 Greece 402 575 806
11 Italy 6,230 7,284 8,496
12 Netherlands 6,141 5,697 10,431
13 Norway 555 827 794
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 3,213
18 Switzerland 28,846 46,874 78,979
19 Turkey 1,558 1,982 2,617
20 United Kingdom 103,143 106,349 119,772
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 37,127
24 Latin America and Caribbean 343,730 342,654 353,239
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 145,471 153,749 167,062
30 Chile 7,913 8,250 6,607
31 Colombia 6,945 6,507 4,527
32 Cuba 0 0 0
33 Ecuador 1,311 1,400 760
34 Guatemala 886 1,127 1,133
35 Jamaica 424 239 295
36 Mexico 19,428 21,212 17,835
37 Netherlands Antilles 17,838 6,779 5,962
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 5,643
43 Asia 125,092 98,607 74,522
China
44 Mainland 1,579 1,261 2,090
45 Taiwan 922 1,041 1,339
46 Hong Kong 13,991 9,080 5,706
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 28,611
51 Korea (South) 18,162 8,289 9,237
52 Philippines 1,689 1,465 1,410
53 Thailand 2,259 1,807 1,518
54 Middle Eastern oil-exporting
countries(4) 10,790 16,130 14,252
55 Other 10,532 8,273 4,970
56 Africa 3,530 3,122 2,274
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 755 914 742
63 Other 6,341 6,637 7,066
64 Australia 5,300 6,173 6,785
65 Other 1,041 464 281
66 Nonmonetary international and regional
organizations(6) 2,463 3,617 4,145
1999
Area or country July Aug. Sept.
1 Total, all foreigners 721,360 731,130 758,620
2 Foreign countries 716,953 727,974 755,030
3 Europe 293,100 305,205 316,152
4 Austria 3,855 3,080 2,335
5 Belgium and Luxembourg 9,224 7,478 7,239
6 Denmark 1,763 1,442 1,756
7 Finland 2,197 1,915 1,855
8 France 19,964 19,040 19,253
9 Germany 23,965 23,558 22,995
10 Greece 628 659 663
11 Italy 7,451 7,748 7,958
12 Netherlands 9,334 10,132 9,425
13 Norway 821 583 1,252
14 Portugal 1,056 1,222 1,342
15 Russia 831 782 814
16 Spain 4,606 3,700 5,104
17 Sweden 3,199 4,082 4,184
18 Switzerland 66,927 71,866 90,187
19 Turkey 2,221 2,270 2,385
20 United Kingdom 125,633 137,680 129,347
21 Yugoslavia(2) 50 49 50
22 Other Europe and other former
U.S.S.R.(3) 9,375 7,919 8,008
23 Canada 31,957 32,109 37,197
24 Latin America and Caribbean 311,685 310,088 320,952
25 Argentina 10,479 10,253 10,293
26 Bahamas 77,049 77,674 85,386
27 Bermuda 7,813 9,747 8,481
28 Brazil 14,605 13,793 13,983
29 British West Indies 146,858 137,214 142,500
30 Chile 7,153 6,900 6,810
31 Colombia 5,587 5,040 4,818
32 Cuba 0 0 0
33 Ecuador 993 889 844
34 Guatemala 1,075 1,053 1,064
35 Jamaica 311 322 330
36 Mexico 18,978 17,819 18,255
37 Netherlands Antilles 5,101 14,032 13,298
38 Panama 3,064 2,898 2,941
39 Peru 2,710 2,515 2,533
40 Uruguay 1,101 1,041 945
41 Venezuela 3,501 3,460 3,325
42 Other 5,307 5,438 5,146
43 Asia 72,636 73,257 72,449
China
44 Mainland 3,144 2,758 2,032
45 Taiwan 904 937 790
46 Hong Kong 5,333 4,969 5,224
47 India 1,708 1,728 1,736
48 Indonesia 1,791 1,711 1,689
49 Israel 1,433 1,669 951
50 Japan 25,900 26,226 27,978
51 Korea (South) 12,753 12,194 11,093
52 Philippines 1,380 1,279 1,491
53 Thailand 1,683 1,549 1,432
54 Middle Eastern oil-exporting
countries(4) 9,792 11,221 11,379
55 Other 6,815 7,016 6,654
56 Africa 2,499 2,178 2,293
57 Egypt 252 209 225
58 Morocco 431 444 437
59 South Africa 598 449 506
60 Zaire 0 0 0
61 Oil-exporting countries(5) 297 280 323
62 Other 921 796 802
63 Other 5,076 5,137 5,987
64 Australia 4,811 4,907 5,770
65 Other 265 230 217
66 Nonmonetary international and regional
organizations(6) 4,407 3,156 3,590
1999
Area or country Oct. Nov.
1 Total, all foreigners 752,264 779,740(r)
2 Foreign countries 746,974 774,075(r)
3 Europe 293,602 313,288(r)
4 Austria 2,751 2,407
5 Belgium and Luxembourg 9,624 9,332
6 Denmark 2,352 1,756
7 Finland 1,669 2,034
8 France 21,527 24,592(r)
9 Germany 23,616 22,365
10 Greece 743 754
11 Italy 6,682 7,297
12 Netherlands 8,940 8,100(r)
13 Norway 949 920
14 Portugal 1,691 1,430
15 Russia 871 711
16 Spain 4,073 4,641
17 Sweden 4,325 3,853
18 Switzerland 78,448 91,493(r)
19 Turkey 2,394 2,491(r)
20 United Kingdom 114,209 120,836(r)
21 Yugoslavia(2) 51 50
22 Other Europe and other former
U.S.S.R.(3) 8,687 8,226
23 Canada 35,903 37,060
24 Latin America and Caribbean 335,151 335,356(r)
25 Argentina 10,153 10,034(r)
26 Bahamas 87,085 87,177(r)
27 Bermuda 9,887 9,449
28 Brazil 14,216 14,973(r)
29 British West Indies 159,145 158,937(r)
30 Chile 6,846 6,591
31 Colombia 4,800 4,745
32 Cuba 0 0
33 Ecuador 793 761(r)
34 Guatemala 1,084 1,090
35 Jamaica 318 309(r)
36 Mexico 17,800 17,924(r)
37 Netherlands Antilles 7,497 8,078
38 Panama 2,917 3,050
39 Peru 2,442 2,507
40 Uruguay 778 775
41 Venezuela 4,103 3,587
42 Other 5,287 5,369(r)
43 Asia 73,072 78,429(r)
China
44 Mainland 1,998 2,082
45 Taiwan 816 1,495
46 Hong Kong 4,740 6,010
47 India 1,856 1,972
48 Indonesia 1,636 1,681
49 Israel 857 1,053(r)
50 Japan 28,339 30,280
51 Korea (South) 12,432 13,262(r)
52 Philippines 1,562 990
53 Thailand 1,411 1,433
54 Middle Eastern oil-exporting
countries(4) 10,667 11,631
55 Other 6,758 6,540
56 Africa 2,299 2,473
57 Egypt 251 233
58 Morocco 439 354
59 South Africa 589 873
60 Zaire 0 9
61 Oil-exporting countries(5) 253 275
62 Other 767 729
63 Other 6,947 7,469
64 Australia 6,696 7,272
65 Other 251 197
66 Nonmonetary international and regional
organizations(6) 5,290 5,665
1999 2000
Area or country Dec. Jan.(p)
1 Total, all foreigners 791,863 753,584
2 Foreign countries 787,718 748,685
3 Europe 313,490 305,878
4 Austria 2,643 3,030
5 Belgium and Luxembourg 10,112 8,825
6 Denmark 1,669 1,692
7 Finland 1,988 2,319
8 France 29,088 29,997
9 Germany 29,190 29,871
10 Greece 806 806
11 Italy 8,496 8,619
12 Netherlands 10,431 10,119
13 Norway 794 1,196
14 Portugal 1,571 1,307
15 Russia 713 701
16 Spain 3,796 4,581
17 Sweden 3,213 4,503
18 Switzerland 78,979 68,892
19 Turkey 2,617 2,668
20 United Kingdom 119,772 119,951
21 Yugoslavia(2) 50 50
22 Other Europe and other former
U.S.S.R.(3) 7,562 6,751
23 Canada 37,127 36,353
24 Latin America and Caribbean 353,239 323,223
25 Argentina 10,167 9,951
26 Bahamas 99,324 78,641
27 Bermuda 8,007 10,129
28 Brazil 15,706 14,965
29 British West Indies 167,062 157,590
30 Chile 6,607 6,666
31 Colombia 4,527 4,347
32 Cuba 0 0
33 Ecuador 760 685
34 Guatemala 1,133 1,062
35 Jamaica 295 298
36 Mexico 17,835 17,614
37 Netherlands Antilles 5,962 6,194
38 Panama 3,387 3,051
39 Peru 2,529 2,458
40 Uruguay 801 709
41 Venezuela 3,494 3,518
42 Other 5,643 5,345
43 Asia 74,522 73,211
China
44 Mainland 2,090 2,221
45 Taiwan 1,339 1,411
46 Hong Kong 5,706 5,055
47 India 1,738 1,616
48 Indonesia 1,776 1,711
49 Israel 1,875 1,853
50 Japan 28,611 28,612
51 Korea (South) 9,237 11,362
52 Philippines 1,410 1,088
53 Thailand 1,518 1,158
54 Middle Eastern oil-exporting
countries(4) 14,252 10,998
55 Other 4,970 6,126
56 Africa 2,274 2,754
57 Egypt 258 222
58 Morocco 352 299
59 South Africa 622 943
60 Zaire 24 0
61 Oil-exporting countries(5) 276 462
62 Other 742 828
63 Other 7,066 7,266
64 Australia 6,785 7,055
65 Other 281 211
66 Nonmonetary international and regional
organizations(6) 4,145 4,899
(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(r)
1 Total 852,852 875,891 941,799
2 Banks' claims 708,225 734,995 791,863
3 Foreign public borrowers 20,581 23,542 34,792
4 Own foreign offices(2) 431,685 484,535 527,956
5 Unaffiliated foreign banks 109,230 106,206 101,310
6 Deposits 30,995 27,230 34,320
7 Other 78,235 78,976 66,990
8 All other foreigners 146,729 120,712 127,805
9 Claims of banks' domestic
customers(3) 144,627 140,896 149,936
10 Deposits 73,110 79,363 86,293
11 Negotiable and readily
transferable instruments(4) 53,967 47,914 51,011
12 Outstanding collections and other
claims 17,550 13,619 12,632
MEMO
13 Customer liability on acceptances 9,624 4,520(r) 4,672
14 Dollar deposits in banks abroad,
reported by nonbanking business
enterprises in the United
States(5) 33,816 39,978 34,789
1999
Type of claim July Aug. Sept.
1 Total ... ... 900,582
2 Banks' claims 721,360 731,130 758,620
3 Foreign public borrowers 38,471 35,701 35,002
4 Own foreign offices(2) 461,013 457,994 488,355
5 Unaffiliated foreign banks 99,727 108,902 102,029
6 Deposits 24,804 23,708 24,407
7 Other 74,923 85,194 77,622
8 All other foreigners 122,149 128,533 133,234
9 Claims of banks' domestic
customers(3) ... ... 141,962
10 Deposits ... ... 87,222
11 Negotiable and readily
transferable instruments(4) ... ... 40,604
12 Outstanding collections and other
claims ... ... 14,136
MEMO
13 Customer liability on acceptances ... ... 4,620(r)
14 Dollar deposits in banks abroad,
reported by nonbanking business
enterprises in the United
States(5) 32,857 32,336 27,750
1999
Type of claim Oct. Nov.(r)
1 Total ... ...
2 Banks' claims 752,264 779,740
3 Foreign public borrowers 40,948 39,910
4 Own foreign offices(2) 487,578 511,658
5 Unaffiliated foreign banks 97,287 99,508
6 Deposits 24,868 27,835
7 Other 72,419 71,673
8 All other foreigners 126,451 128,664
9 Claims of banks' domestic
customers(3) ... ...
10 Deposits ... ...
11 Negotiable and readily
transferable instruments(4) ... ...
12 Outstanding collections and other
claims ... ...
MEMO
13 Customer liability on acceptances ... ...
14 Dollar deposits in banks abroad,
reported by nonbanking business
enterprises in the United
States(5) 33,847 37,163
1999 2000
Type of claim Dec. Jan.(p)
1 Total 941,799 ...
2 Banks' claims 791,863 753,584
3 Foreign public borrowers 34,792 41,624
4 Own foreign offices(2) 527,956 489,836
5 Unaffiliated foreign banks 101,310 93,919
6 Deposits 34,320 24,227
7 Other 66,990 69,692
8 All other foreigners 127,805 128,205
9 Claims of banks' domestic
customers(3) 149,936 ...
10 Deposits 86,293 ...
11 Negotiable and readily
transferable instruments(4) 51,011 ...
12 Outstanding collections and other
claims 12,632 ...
MEMO
13 Customer liability on acceptances 4,672 ...
14 Dollar deposits in banks abroad,
reported by nonbanking business
enterprises in the United
States(5) 34,789 45,963
(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 area(2) 1996 1997 1998
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 1,337
1999
Maturity, by borrower and area(2) Mar. June(r)
1 Total 242,348(r) 260,554
By borrower
2 Maturity of one year or less 175,391(r) 186,818
3 Foreign public borrowers 20,902 24,661
4 All other foreigners 154,489(r) 162,157
5 Maturity of more than one year 66,957(r) 73,736
6 Foreign public borrowers 13,290 11,677
7 All other foreigners 53,667(r) 62,059
By area
Maturity of one year or less
8 Europe 66,875 84,723
9 Canada 7,832 6,705
10 Latin America and Caribbean 71,111(r) 65,776
11 Asia 21,347 21,977
12 Africa 1,571 1,543
13 All other(3) 6,655 6,094
Maturity of more than one year
14 Europe 16,949 18,863
15 Canada 2,766 3,261
16 Latin America and Caribbean 33,538(r) 38,193
17 Asia 10,972 10,471
18 Africa 1,160 1,105
19 All other(3) 1,572 1,843
1999
Maturity, by borrower and area(2) Sept.(r) Dec.(p)
1 Total 270,085 263,548
By borrower
2 Maturity of one year or less 196,816 187,396
3 Foreign public borrowers 22,603 22,527
4 All other foreigners 174,213 164,869
5 Maturity of more than one year 73,269 76,152
6 Foreign public borrowers 12,193 12,043
7 All other foreigners 61,076 64,109
By area
Maturity of one year or less
8 Europe 82,567 80,967
9 Canada 8,545 7,860
10 Latin America and Caribbean 78,122 69,299
11 Asia 20,839 21,795
12 Africa 1,119 1,122
13 All other(3) 5,624 6,353
Maturity of more than one year
14 Europe 18,618 20,896
15 Canada 3,192 3,112
16 Latin America and Caribbean 38,091 38,558
17 Asia 10,649 10,888
18 Africa 1,087 1,065
19 All other(3) 1,632 1,633
(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
1997
Area or country 1995 1996
Dec.
1 Total 556.4(r) 645.8(r) 721.8(r)
2 G-10 countries and Switzerland 206.0 228.3 242.8
3 Belgium and Luxembourg 13.6 11.7 11.0
4 France 19.4 16.6 15.4
5 Germany 27.3 29.8 28.6
6 Italy 11.5 16.0 15.5
7 Netherlands 3.7 4.0 6.2
8 Sweden 2.7 2.6 3.3
9 Switzerland 6.7 5.3 7.2
10 United Kingdom 82.4 104.7 113.4
11 Canada 10.3 14.0 13.7
12 Japan 28.5 23.7 28.6
13 Other industrialized countries 51.9(r) 66.1(r) 65.5(r)
14 Austria .9 1.1 1.5
15 Denmark 2.6 1.5 2.4
16 Finland .8 .8 1.3
17 Greece 5.7 6.7 5.1
18 Norway 3.2 8.0 3.6
19 Portugal 1.3 .9 .9
20 Spain 12.5(r) 13.3(r) 12.6(r)
21 Turkey 1.9 2.7 4.5
22 Other Western Europe 4.8(r) 4.9(r) 8.3(r)
23 South Africa 1.2 2.0 2.2
24 Australia 16.9(r) 24.0 23.1
25 OPEC(2) 22.1 19.8(r) 26.0
26 Ecuador .7 1.1 1.3
27 Venezuela 2.7 2.4 2.5
28 Indonesia 4.8 5.2 6.7
29 Middle East countries 13.3 10.7 14.4
30 African countries .6 .4 1.2
31 Non-OPEC developing countries 112.9(r) 130.3 139.2(r)
Latin America
32 Argentina 12.9 14.3 18.4
33 Brazil 13.7 20.7 28.6
34 Chile 6.8 7.0 8.7
35 Colombia 2.9 4.1 3.4
36 Mexico 17.3 16.2 17.4
37 Peru .8 1.6 2.0
38 Other 2.8 3.3 4.1
Asia
China
39 Mainland 1.8 2.5 3.2
40 Taiwan 9.4 10.3 9.5(r)
41 India 4.4 4.3 4.9
42 Israel .5 .5 .7
43 Korea (South) 19.1 21.5 15.6
44 Malaysia 4.4 6.0 5.1
45 Philippines 4.1 5.8 5.7
46 Thailand 5.2(r) 5.7 5.4
47 Other Asia 4.5 4.1 4.3
Africa
48 Egypt .4 .7 .9
49 Morocco .7 .7 .6
50 Zaire .0 .1 .0
51 Other Africa(3) .9 .9 .8
52 Eastern Europe 4.2 6.9 9.1
53 Russia(4) 1.0 3.7 5.1
54 Other 3.2 3.2 4.0
55 Offshore banking centers 102.2(r) 135.1(r) 140.2(r)
56 Bahamas 12.9(r) 20.5(r) 24.2(r)
57 Bermuda 6.3 4.5 9.8
58 Cayman Islands and other
British West Indies 32.4 37.2 43.4
59 Netherlands Antilles 10.3 26.1 14.6
60 Panama(5) 1.4 2.0 3.1
61 Lebanon .1 .1 .1
62 Hong Kong, China 25.0 27.9 32.2
63 Singapore 13.7(r) 16.7 12.7
64 Other(6) .1 .1 .1
65 Miscellaneous and unallocated(7) 57.6 59.6 99.1
1998(r)
Area or country Mar. June Sept.
1 Total 1029.8 1017.2 1071.9
2 G-10 countries and Switzerland 250.9 273.9 240.0
3 Belgium and Luxembourg 12.0 14.0 11.7
4 France 16.5 21.7 20.3
5 Germany 27.0 30.5 31.4
6 Italy 20.8 21.1 18.5
7 Netherlands 7.7 8.6 8.4
8 Sweden 4.8 3.1 2.1
9 Switzerland 5.9 7.0 7.6
10 United Kingdom 114.6 125.9 100.1
11 Canada 14.2 16.7 15.9
12 Japan 27.3 25.3 23.9
13 Other industrialized countries 78.2 78.7 78.5
14 Austria 1.7 1.9 2.1
15 Denmark 2.1 2.2 3.0
16 Finland 1.5 1.4 1.6
17 Greece 6.1 5.8 5.8
18 Norway 4.0 3.4 3.2
19 Portugal .8 1.4 1.1
20 Spain 18.1 17.5 19.5
21 Turkey 4.9 6.5 5.2
22 Other Western Europe 10.2 9.9 10.4
23 South Africa 5.5 6.9 5.4
24 Australia 23.2 21.8 21.4
25 OPEC(2) 26.0 25.5 26.0
26 Ecuador 1.3 1.2 1.2
27 Venezuela 3.4 3.3 3.1
28 Indonesia 5.6 5.1 4.7
29 Middle East countries 14.4 15.6 16.1
30 African countries 1.4 .3 .8
31 Non-OPEC developing countries 149.8 146.1 140.4
Latin America
32 Argentina 20.0 20.9 22.9
33 Brazil 33.4 30.3 24.0
34 Chile 9.0 9.1 8.5
35 Colombia 3.3 3.6 3.4
36 Mexico 17.8 18.1 18.7
37 Peru 2.1 2.2 2.2
38 Other 4.0 4.4 4.6
Asia
China
39 Mainland 4.2 3.9 2.8
40 Taiwan 12.1 11.8 12.5
41 India 5.0 4.9 5.3
42 Israel .7 .9 .9
43 Korea (South) 16.2 14.6 13.1
44 Malaysia 4.5 4.7 5.0
45 Philippines 5.1 5.4 4.7
46 Thailand 5.5 5.0 5.3
47 Other Asia 4.2 3.7 3.1
Africa
48 Egypt 1.0 1.5 1.7
49 Morocco .6 .6 .5
50 Zaire .0 .0 .0
51 Other Africa(3) 1.1 .8 1.1
52 Eastern Europe 12.3 11.3 6.3
53 Russia(4) 7.5 6.9 2.8
54 Other 4.7 4.4 3.5
55 Offshore banking centers 133.1 130.0 121.0
56 Bahamas 32.6 28.6 30.7
57 Bermuda 9.1 9.4 10.4
58 Cayman Islands and other
British West Indies 24.9 34.3 27.8
59 Netherlands Antilles 14.0 10.5 6.0
60 Panama(5) 3.2 3.3 4.0
61 Lebanon .1 .1 .2
62 Hong Kong, China 33.9 30.0 30.6
63 Singapore 15.0 13.6 11.1
64 Other(6) .1 .2 .2
65 Miscellaneous and unallocated(7) 379.7 351.7 459.9
1998(r) 1999
Area or country Dec. Mar.(r) June(r)
1 Total 1051.6 992.7 938.5
2 G-10 countries and Switzerland 217.7 208.5 222.2
3 Belgium and Luxembourg 10.7 15.6 16.1
4 France 18.4 21.6 20.4
5 Germany 30.9 34.7 32.1
6 Italy 11.5 17.8 16.4
7 Netherlands 7.8 10.7 13.3
8 Sweden 2.3 4.0 2.6
9 Switzerland 8.5 7.8 8.2
10 United Kingdom 85.4 55.9 73.4
11 Canada 16.8 15.9 17.1
12 Japan 25.4 24.6 22.6
13 Other industrialized countries 69.0 80.1 79.7
14 Austria 1.4 2.8 2.8
15 Denmark 2.2 3.4 2.9
16 Finland 1.4 1.5 .9
17 Greece 5.9 6.5 5.9
18 Norway 3.2 3.1 3.0
19 Portugal 1.4 1.4 1.2
20 Spain 13.7 15.7 16.6
21 Turkey 4.8 5.2 4.9
22 Other Western Europe 10.4 10.2 10.2
23 South Africa 4.4 4.8 4.7
24 Australia 20.3 25.4 26.6
25 OPEC(2) 27.1 26.2 26.1
26 Ecuador 1.3 1.2 1.1
27 Venezuela 3.2 3.5 3.2
28 Indonesia 4.7 4.5 5.0
29 Middle East countries 17.0 16.7 16.5
30 African countries 1.0 .4 .4
31 Non-OPEC developing countries 143.4 146.7 148.6
Latin America
32 Argentina 23.1 24.3 22.8
33 Brazil 24.7 24.2 25.1
34 Chile 8.3 8.6 8.2
35 Colombia 3.2 3.3 3.1
36 Mexico 18.9 19.7 18.5
37 Peru 2.2 2.2 2.1
38 Other 5.4 5.3 5.5
Asia
China
39 Mainland 3.0 5.0 5.3
40 Taiwan 13.3 11.8 12.6
41 India 5.5 5.5 6.7
42 Israel 1.1 1.1 2.0
43 Korea (South) 13.7 13.7 15.3
44 Malaysia 5.6 5.9 6.0
45 Philippines 5.1 5.4 5.7
46 Thailand 4.7 4.5 4.2
47 Other Asia 2.9 3.0 2.8
Africa
48 Egypt 1.3 1.4 1.4
49 Morocco .5 .5 .5
50 Zaire .0 .0 .0
51 Other Africa(3) 1.0 1.2 1.0
52 Eastern Europe 5.5 7.1 5.8
53 Russia(4) 2.2 2.3 2.1
54 Other 3.3 4.8 3.7
55 Offshore banking centers 93.9 93.6 75.9
56 Bahamas 35.4 32.6 20.4
57 Bermuda 4.6 3.9 5.7
58 Cayman Islands and other
British West Indies 12.8 13.9 7.2
59 Netherlands Antilles 2.6 2.7 1.3
60 Panama(5) 3.9 3.9 3.9
61 Lebanon .1 .1 .1
62 Hong Kong, China 23.3 22.8 22.0
63 Singapore 11.1 13.5 15.2
64 Other(6) .2 .2 .1
65 Miscellaneous and unallocated(7) 495.1 430.4 380.2
1999
Area or country Sept. Dec.(p)
1 Total 936.9 934.4
2 G-10 countries and Switzerland 205.5 235.0
3 Belgium and Luxembourg 15.7 14.2
4 France 19.9 29.0
5 Germany 37.4 38.7
6 Italy 15.0 18.1
7 Netherlands 10.6 10.9
8 Sweden 3.6 2.9
9 Switzerland 8.8 10.1
10 United Kingdom 51.1 72.7
11 Canada 17.8 16.2
12 Japan 25.6 22.0
13 Other industrialized countries 71.7 68.1
14 Austria 3.0 3.5
15 Denmark 2.1 2.6
16 Finland .9 .8
17 Greece 6.6 6.0
18 Norway 3.8 3.1
19 Portugal 1.2 1.0
20 Spain 15.1 12.1
21 Turkey 4.7 4.8
22 Other Western Europe 9.2 6.8
23 South Africa 4.0 3.8
24 Australia 21.1 23.5
25 OPEC(2) 30.1 31.4
26 Ecuador .9 .8
27 Venezuela 3.0 2.8
28 Indonesia 4.4 4.2
29 Middle East countries 21.4 23.0
30 African countries .5 .5
31 Non-OPEC developing countries 142.5 147.2
Latin America
32 Argentina 22.1 22.4
33 Brazil 22.1 26.4
34 Chile 7.7 7.4
35 Colombia 2.7 2.5
36 Mexico 19.4 18.6
37 Peru 1.8 1.7
38 Other 5.5 5.9
Asia
China
39 Mainland 3.3 3.6
40 Taiwan 12.3 12.0
41 India 7.0 7.7
42 Israel 1.0 1.8
43 Korea (South) 16.0 15.0
44 Malaysia 6.1 6.1
45 Philippines 5.8 6.2
46 Thailand 4.0 4.1
47 Other Asia 2.8 2.9
Africa
48 Egypt 1.3 1.4
49 Morocco .5 .4
50 Zaire .0 .0
51 Other Africa(3) 1.0 1.0
52 Eastern Europe 5.4 5.2
53 Russia(4) 2.0 1.6
54 Other 3.4 3.6
55 Offshore banking centers 90.3 60.0
56 Bahamas 29.4 13.9
57 Bermuda 8.2 8.0
58 Cayman Islands and other
British West Indies 6.3 1.3
59 Netherlands Antilles 9.1 1.7
60 Panama(5) 3.9 3.9
61 Lebanon .2 .1
62 Hong Kong, China 22.4 21.0
63 Singapore 10.6 10.0
64 Other(6) .2 .1
65 Miscellaneous and unallocated(7) 391.2 387.5
(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 1995 1996 1997
1 Total 46,448 61,782 57,382
2 Payable in dollars 33,903 39,542 41,543
3 Payable in foreign currencies 12,545 22,240 15,839
By type
4 Financial liabilities 24,241 33,049 26,877
5 Payable in dollars 12,903 11,913 12,630
6 Payable in foreign currencies 11,338 21,136 14,247
7 Commercial liabilities 22,207 28,733 30,505
8 Trade payables 11,013 12,720 10,904
9 Advance receipts and other
liabilities 11,194 16,013 19,601
10 Payable in dollars 21,000 27,629 28,913
11 Payable in foreign currencies 1,207 1,104 1,592
By area or country
Financial liabilities
12 Europe 15,622 23,179 18,027
13 Belgium and Luxembourg 369 632 186
14 France 999 1,091 1,425
15 Germany 1,974 1,834 1,958
16 Netherlands 466 556 494
17 Switzerland 895 699 561
18 United Kingdom 10,138 17,161 11,667
19 Canada 632 1,401 2,374
20 Latin America and Caribbean 1,783 1,668 1,386
21 Bahamas 59 236 141
22 Bermuda 147 50 229
23 Brazil 57 78 143
24 British West Indies 866 1,030 604
25 Mexico 12 17 26
26 Venezuela 2 1 1
27 Asia 5,988 6,423 4,387
28 Japan 5,436 5,869 4,102
29 Middle Eastern oil-exporting
countries(1) 27 25 27
30 Africa 150 38 60
31 Oil-exporting countries(2) 122 0 0
32 All other(3) 66 340 643
Commercial liabilities
33 Europe 7,700 9,767 10,228
34 Belgium and Luxembourg 331 479 666
35 France 481 680 764
36 Germany 767 1,002 1,274
37 Netherlands 500 766 439
38 Switzerland 413 624 375
39 United Kingdom 3,568 4,303 4,086
40 Canada 1,040 1,090 1,175
41 Latin America and Caribbean 1,740 2,574 2,176
42 Bahamas 1 63 16
43 Bermuda 205 297 203
44 Brazil 98 196 220
45 British West Indies 56 14 12
46 Mexico 416 665 565
47 Venezuela 221 328 261
48 Asia 10,421 13,422 14,966
49 Japan 3,315 4,614 4,500
50 Middle Eastern oil-exporting
countries(1) 1,912 2,168 3,111
51 Africa 619 1,040 874
52 Oil-exporting countries(2) 254 532 408
53 Other(3) 687 840 1,086
1998
Type of liability, and area or country June Sept. Dec.
1 Total 51,433 49,279 46,570
2 Payable in dollars 40,026 38,410 36,668
3 Payable in foreign currencies 11,407 10,869 9,902
By type
4 Financial liabilities 22,322 19,331 19,255
5 Payable in dollars 11,988 9,812 10,371
6 Payable in foreign currencies 10,334 9,519 8,884
7 Commercial liabilities 29,111 29,948 27,315
8 Trade payables 9,537 10,276 10,978
9 Advance receipts and other
liabilities 19,574 19,672 16,337
10 Payable in dollars 28,038 28,598 26,297
11 Payable in foreign currencies 1,073 1,350 1,018
By area or country
Financial liabilities
12 Europe 15,468 12,905 12,589
13 Belgium and Luxembourg 75 150 79
14 France 1,699 1,457 1,097
15 Germany 2,441 2,167 2,063
16 Netherlands 484 417 1,406
17 Switzerland 189 179 155
18 United Kingdom 8,765 6,610 5,980
19 Canada 539 389 693
20 Latin America and Caribbean 1,320 1,351 1,495
21 Bahamas 6 1 7
22 Bermuda 49 73 101
23 Brazil 76 154 152
24 British West Indies 845 834 957
25 Mexico 51 23 59
26 Venezuela 1 1 2
27 Asia 4,315 4,005 3,785
28 Japan 3,869 3,754 3,612
29 Middle Eastern oil-exporting
countries(1) 0 0 0
30 Africa 29 31 28
31 Oil-exporting countries(2) 0 0 0
32 All other(3) 651 650 665
Commercial liabilities
33 Europe 9,987 11,010 10,030
34 Belgium and Luxembourg 557 623 278
35 France 612 740 920
36 Germany 1,219 1,408 1,392
37 Netherlands 485 440 429
38 Switzerland 349 507 499
39 United Kingdom 3,743 4,286 3,697
40 Canada 1,206 1,504 1,390
41 Latin America and Caribbean 2,285 1,840 1,618
42 Bahamas 14 48 14
43 Bermuda 209 168 198
44 Brazil 246 256 152
45 British West Indies 27 5 10
46 Mexico 557 511 347
47 Venezuela 196 230 202
48 Asia 13,611 13,539 12,342
49 Japan 3,995 3,779 3,827
50 Middle Eastern oil-exporting
countries(1) 3,194 3,582 2,852
51 Africa 921 810 794
52 Oil-exporting countries(2) 354 372 393
53 Other(3) 1,101 1,245 1,141
1999
Type of liability, and area or country Mar. June Sept.
1 Total 46,663 49,337 52,979(r)
2 Payable in dollars 34,030 36,032 36,296(r)
3 Payable in foreign currencies 12,633 13,305 16,683(r)
By type
4 Financial liabilities 22,458 25,058 27,422(r)
5 Payable in dollars 11,225 13,205 12,231
6 Payable in foreign currencies 11,233 11,853 15,191(r)
7 Commercial liabilities 24,205 24,279 25,557(r)
8 Trade payables 9,999 10,935 12,651(r)
9 Advance receipts and other
liabilities 14,206 13,344 12,906
10 Payable in dollars 22,805 22,827 24,065(r)
11 Payable in foreign currencies 1,400 1,452 1,492
By area or country
Financial liabilities
12 Europe 16,098 19,578 21,695
13 Belgium and Luxembourg 50 70 50
14 France 1,178 1,287 1,675
15 Germany 1,906 1,959 1,712
16 Netherlands 1,337 2,104 2,066
17 Switzerland 141 143 133
18 United Kingdom 9,729 13,097 15,096
19 Canada 781 320 344
20 Latin America and Caribbean 1,528 1,369 1,180
21 Bahamas 1 1 1
22 Bermuda 78 52 26
23 Brazil 137 131 122
24 British West Indies 1,064 944 786
25 Mexico 22 19 28
26 Venezuela 2 1 0
27 Asia 3,475 3,217 3,622(r)
28 Japan 3,337 3,035 3,384(r)
29 Middle Eastern oil-exporting
countries(1) 1 2 3
30 Africa 31 29 31
31 Oil-exporting countries(2) 2 0 0
32 All other(3) 545 545 550
Commercial liabilities
33 Europe 8,580 8,718 9,265(r)
34 Belgium and Luxembourg 229 189 128
35 France 654 656 620(r)
36 Germany 1,088 1,143 1,201
37 Netherlands 361 432 535
38 Switzerland 535 497 593
39 United Kingdom 3,008 2,959 3,175
40 Canada 1,597 1,670 1,753
41 Latin America and Caribbean 1,612 1,674 1,957(r)
42 Bahamas 11 19 24
43 Bermuda 225 180 178
44 Brazil 107 112 120(r)
45 British West Indies 7 5 39
46 Mexico 437 490 704
47 Venezuela 155 149 182
48 Asia 10,428 10,039 10,428(r)
49 Japan 2,715 2,753 2,689
50 Middle Eastern oil-exporting
countries(1) 2,479 2,209 2,618(r)
51 Africa 727 832 959(r)
52 Oil-exporting countries(2) 377 392 584
53 Other(3) 1,261 1,346 1,195
(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 1995 1996 1997
or country
1 Total 52,509 65,897 68,128
2 Payable in dollars 48,711 59,156 62,173
3 Payable in foreign
currencies 3,798 6,741 5,955
By type
4 Financial claims 27,398 37,523 36,959
5 Deposits 15,133 21,624 22,909
6 Payable in dollars 14,654 20,852 21,060
7 Payable in foreign
currencies 479 772 1,849
8 Other financial claims 12,265 15,899 14,050
9 Payable in dollars 10,976 12,374 11,806
10 Payable in foreign
currencies 1,289 3,525 2,244
11 Commercial claims 25,111 28,374 31,169
12 Trade receivables 22,998 25,751 27,536
13 Advance payments and
other claims 2,113 2,623 3,633
14 Payable in dollars 23,081 25,930 29,307
15 Payable in foreign currencies 2,030 2,444 1,862
By area or country
Financial claims
16 Europe 7,609 11,085 14,999
17 Belgium and Luxembourg 193 185 406
18 France 803 694 1,015
19 Germany 436 276 427
20 Netherlands 517 493 677
21 Switzerland 498 474 434
22 United Kingdom 4,303 7,922 10,337
23 Canada 2,851 3,442 3,313
24 Latin America and Caribbean 14,500 20,032 15,543
25 Bahamas 1,965 1,553 2,308
26 Bermuda 81 140 108
27 Brazil 830 1,468 1,313
28 British West Indies 10,393 15,536 10,462
29 Mexico 554 457 537
30 Venezuela 32 31 36
31 Asia 1,579 2,221 2,133
32 Japan 871 1,035 823
33 Middle Eastern
oil-exporting
countries(1) 3 22 11
34 Africa 276 174 319
35 Oil-exporting countries(2) 5 14 15
36 All other(3) 583 569 652
Commercial claims
37 Europe 9,824 10,443 12,120
38 Belgium and Luxembourg 231 226 328
39 France 1,830 1,644 1,796
40 Germany 1,070 1,337 1,614
41 Netherlands 452 562 597
42 Switzerland 520 642 554
43 United Kingdom 2,656 2,946 3,660
44 Canada 1,951 2,165 2,660
45 Latin America and Caribbean 4,364 5,276 5,750
46 Bahamas 30 35 27
47 Bermuda 272 275 244
48 Brazil 898 1,303 1,162
49 British West Indies 79 190 109
50 Mexico 993 1,128 1,392
51 Venezuela 285 357 576
52 Asia 7,312 8,376 8,713
53 Japan 1,870 2,003 1,976
54 Middle Eastern
oil-exporting
countries(1) 974 971 1,107
55 Africa 654 746 680
56 Oil-exporting countries(2) 87 166 119
57 Other(3) 1,006 1,368 1,246
1998
Type of claim, and area
or country
June Sept. Dec.
1 Total 63,188 67,976 77,462
2 Payable in dollars 57,587 62,034 72,171
3 Payable in foreign
currencies 5,601 5,942 5,291
By type
4 Financial claims 32,341 37,262 46,260
5 Deposits 14,762 15,406 30,199
6 Payable in dollars 13,084 13,374 28,549
7 Payable in foreign
currencies 1,678 2,032 1,650
8 Other financial claims 17,579 21,856 16,061
9 Payable in dollars 14,904 19,867 14,049
10 Payable in foreign
currencies 2,675 1,989 2,012
11 Commercial claims 30,847 30,714 31,202
12 Trade receivables 26,764 26,330 27,202
13 Advance payments and
other claims 4,083 4,384 4,000
14 Payable in dollars 29,599 28,793 29,573
15 Payable in foreign currencies 1,248 1,921 1,629
By area or country
Financial claims
16 Europe 14,091 14,473 12,294
17 Belgium and Luxembourg 518 496 661
18 France 796 1,140 864
19 Germany 290 359 304
20 Netherlands 975 867 875
21 Switzerland 403 409 414
22 United Kingdom 9,639 9,849 7,766
23 Canada 3,020 4,090 2,503
24 Latin America and Caribbean 11,967 15,758 27,714
25 Bahamas 1,306 2,105 403
26 Bermuda 48 63 39
27 Brazil 1,394 710 835
28 British West Indies 7,349 10,960 24,388
29 Mexico 1,089 1,122 1,245
30 Venezuela 57 50 55
31 Asia 2,376 2,121 3,027
32 Japan 886 928 1,194
33 Middle Eastern
oil-exporting
countries(1) 12 13 9
34 Africa 155 157 159
35 Oil-exporting countries(2) 15 16 16
36 All other(3) 732 663 563
Commercial claims
37 Europe 12,882 13,029 13,246
38 Belgium and Luxembourg 216 219 238
39 France 1,955 2,098 2,171
40 Germany 1,757 1,502 1,822
41 Netherlands 492 463 467
42 Switzerland 418 546 483
43 United Kingdom 4,664 4,681 4,769
44 Canada 2,779 2,291 2,617
45 Latin America and Caribbean 6,082 5,773 6,296
46 Bahamas 12 39 24
47 Bermuda 359 173 536
48 Brazil 1,183 1,062 1,024
49 British West Indies 110 91 104
50 Mexico 1,462 1,356 1,545
51 Venezuela 585 566 401
52 Asia 7,367 7,190 7,192
53 Japan 1,757 1,789 1,681
54 Middle Eastern
oil-exporting
countries(1) 1,127 967 1,135
55 Africa 657 740 711
56 Oil-exporting countries(2) 116 128 165
57 Other(3) 1,080 1,691 1,140
1999
Type of claim, and area
or country
Mar. June Sept.
1 Total 69,054(r) 63,884(r) 67,566(r)
2 Payable in dollars 64,026(r) 57,006(r) 60,456(r)
3 Payable in foreign
currencies 5,028(r) 6,878(r) 7,110
By type
4 Financial claims 38,217(r) 31,957(r) 33,877(r)
5 Deposits 18,686 13,350 15,192(r)
6 Payable in dollars 17,101 11,636 13,240(r)
7 Payable in foreign
currencies 1,585 1,714 1,952
8 Other financial claims 19,531(r) 18,607(r) 18,685(r)
9 Payable in dollars 17,457(r) 14,800(r) 15,718(r)
10 Payable in foreign
currencies 2,074(r) 3,807(r) 2,967
11 Commercial claims 30,837 31,927 33,689(r)
12 Trade receivables 26,724 27,791 29,397(r)
13 Advance payments and
other claims 4,113 4,136 4,292
14 Payable in dollars 29,468 30,570 31,498(r)
15 Payable in foreign currencies 1,369 1,357 2,191
By area or country
Financial claims
16 Europe 12,881(r) 13,978(r) 13,878(r)
17 Belgium and Luxembourg 469 457 574
18 France 913 1,368 1,212(r)
19 Germany 302 367 549(r)
20 Netherlands 993(r) 997(r) 1,067
21 Switzerland 530 504 559
22 United Kingdom 8,400(r) 8,631(r) 8,157(r)
23 Canada 3,111 2,828 3,172(r)
24 Latin America and Caribbean 18,825 11,486 12,749(r)
25 Bahamas 666 467 755
26 Bermuda 41 39 524(r)
27 Brazil 1,112 1,102 1,265
28 British West Indies 14,621 7,393 7,263(r)
29 Mexico 1,583 1,702 1,791
30 Venezuela 72 71 47
31 Asia 2,648 2,801 3,205
32 Japan 942 949 1,250
33 Middle Eastern
oil-exporting
countries(1) 8 5 5
34 Africa 174 228 251
35 Oil-exporting countries(2) 26 5 12
36 All other(3) 578 636 622
Commercial claims
37 Europe 12,782 12,961 14,367(r)
38 Belgium and Luxembourg 281 286 289
39 France 2,173 2,094 2,375(r)
40 Germany 1,599 1,660 1,944(r)
41 Netherlands 415 389 617
42 Switzerland 367 385 714
43 United Kingdom 4,529 4,615 4,789
44 Canada 2,983 2,855 2,638
45 Latin America and Caribbean 5,930 6,278 5,879(r)
46 Bahamas 10 21 29
47 Bermuda 500 583 549
48 Brazil 936 887 763(r)
49 British West Indies 117 127 157
50 Mexico 1,431 1,478 1,613
51 Venezuela 361 384 365
52 Asia 7,080 7,690 8,579(r)
53 Japan 1,486 1,511 1,823
54 Middle Eastern
oil-exporting
countries(1) 1,286 1,465 1,479(r)
55 Africa 685 738 682(r)
56 Oil-exporting countries(2) 116 202 221
57 Other(3) 1,377 1,405 1,544
(1.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(2.) Comprises Algeria, Gabon, Libya, and Nigeria.
(3.) Includes nonmonetary international and regional organizations.
3.24 FOREIGN TRANSACTIONS IN SECURITIES
Millions of dollars
2000
Transaction, and area 1998 1999
or country
Jan.-
Jan.
U.S. corporate securities
STOCKS
1 Foreign purchases 1,574,192 2,340,659 263,990
2 Foreign sales 1,524,203 2,233,137 253,447
3 Net purchases, or sales (-) 49,989 107,522 10,543
4 Foreign countries 50,369 107,578 10,501
5 Europe 68,124 98,060 15,702
6 France 5,672 3,813 -233
7 Germany 9,195 13,410 5,622
8 Netherlands 8,249 8,083 -263
9 Switzerland 5,001 5,650 2,917
10 United Kingdom 23,952 42,902 2,247
11 Canada -4,689 -335 613
12 Latin America and Caribbean 757 5,187 -4,855
13 Middle East(1) -1,449 -1,068 677
14 Other Asia -12,351 4,447 -1,965
15 Japan -1,171 5,723 -1,923
16 Africa 639 372 151
17 Other countries -662 915 178
18 Nonmonetary
international and
regional organizations -380 -56 42
BONDS(2)
19 Foreign purchases 905,782 856,429(r) 78,539
20 Foreign sales 727,044 602,109 59,066
21 Net purchases, or sales (-) 178,738 254,320(r) 19,473
22 Foreign countries 179,081 254,722(r) 19,478
23 Europe 130,057 140,299(r) 9,783
24 France 3,386 1,870 -114
25 Germany 4,369 7,723 -618
26 Netherlands 3,443 2,446 -23
27 Switzerland 4,826 4,553 -47
28 United Kingdom 99,637 105,969(r) 10,024
29 Canada 6,121 6,043 2,133
30 Latin America and Caribbean 23,938 60,861 4,655
31 Middle East(1) 4,997 1,979 -86
32 Other Asia 12,662 42,842 2,243
33 Japan 8,384 17,541 733
34 Africa 190 1,411 677
35 Other countries 1,116 1,287 73
36 Nonmonetary
international and
regional organizations -343 -402 -5
Foreign securities
37 Stocks, net purchases, or
sales (-) 6,227 15,643 1,095
38 Foreign purchases 929,923 1,177,304 134,790
39 Foreign sales 923,696 1,161,661 133,695
40 Bonds, net purchases, or
sales (-) -17,350 -5,676 -3,523
41 Foreign purchases 1,328,281 798,267 62,161
42 Foreign sales 1,345,631 803,943 65,684
43 Net purchases, or sales (-),
of stocks and bonds -11,123 9,967 -2,428
44 Foreign countries -10,778 9,682 -2,588
45 Europe 12,632 59,247 741
46 Canada -1,901 -999 -471
47 Latin America and Caribbean -13,798 -4,726 -4,868
48 Asia -3,992 -42,961 1,963
49 Japan -1,742 -43,637 866
50 Africa -1,225 713 99
51 Other countries -2,494 -1,592 -52
52 Nonmonetary
international and
regional organizations -345 285 160
1999
Transaction, and area
or country
July Aug. Sept.
U.S. corporate securities
STOCKS
1 Foreign purchases 187,705 178,051 175,193
2 Foreign sales 179,386 165,889 171,908
3 Net purchases, or sales (-) 8,319 12,162 3,285
4 Foreign countries 8,364 12,179 3,282
5 Europe 6,183 9,511 7,196
6 France -57 254 91
7 Germany -334 1,309 114
8 Netherlands 403 564 -539
9 Switzerland -2,809 814 1,194
10 United Kingdom 8,491 4,560 4,786
11 Canada 143 -7 -931
12 Latin America and Caribbean 2,933 841 -4,693
13 Middle East(1) -273 170 -25
14 Other Asia -670 1,643 1,438
15 Japan -452 1,269 2,652
16 Africa 14 -39 61
17 Other countries 34 60 236
18 Nonmonetary
international and
regional organizations -45 -17 3
BONDS(2)
19 Foreign purchases 76,427 65,007 76,263
20 Foreign sales 47,982 46,661 48,902
21 Net purchases, or sales (-) 28,445 18,346 27,361
22 Foreign countries 28,171 18,373 27,030
23 Europe 18,194 11,105 13,719
24 France 447 160 24
25 Germany 1,707 31 752
26 Netherlands 336 144 279
27 Switzerland 705 322 496
28 United Kingdom 13,580 8,643 9,761
29 Canada -22 286 908
30 Latin America and Caribbean 5,076 5,561 5,488
31 Middle East(1) -182 -219 257
32 Other Asia 4,695 1,179 6,698
33 Japan 3,684 827 4,375
34 Africa 122 59 -189
35 Other countries 288 402 149
36 Nonmonetary
international and
regional organizations 274 -27 331
Foreign securities
37 Stocks, net purchases, or
sales (-) -2,198 598 825
38 Foreign purchases 106,244 91,801 97,384
39 Foreign sales 108,442 91,203 96,559
40 Bonds, net purchases, or
sales (-) -4,777 -6,421 1,132
41 Foreign purchases 63,975 70,061 66,661
42 Foreign sales 68,752 76,482 65,529
43 Net purchases, or sales (-),
of stocks and bonds -6,975 -5,823 1,957
44 Foreign countries -7,066 -6,006 2,027
45 Europe -3,747 -1,814 2,224
46 Canada -1,038 528 301
47 Latin America and Caribbean 453 -312 581
48 Asia -3,329 -4,304 -429
49 Japan -4,323 -4,805 -565
50 Africa -21 4 -116
51 Other countries 616 -108 -534
52 Nonmonetary
international and
regional organizations 91 183 -70
1999
Transaction, and area
or country
Oct. Nov.
U.S. corporate
securities
STOCKS
1 Foreign purchases 218,983 240,329
2 Foreign sales 211,213 221,911
3 Net purchases, or sales (-) 7,770 18,418
4 Foreign countries 7,796 18,393
5 Europe 7,760 10,695
6 France 1,020 -369
7 Germany 1,719 2,467
8 Netherlands 159 1,375
9 Switzerland -1,418 384
10 United Kingdom 3,836 3,966
11 Canada 543 -958
12 Latin America and Caribbean -3,162 7,746
13 Middle East(1) -14 -1,197
14 Other Asia 2,386 2,350
15 Japan 1,695 630
16 Africa -23 1
17 Other countries 306 -244
18 Nonmonetary
international and
regional organizations -26 25
BONDS(2)
19 Foreign purchases 80,926 74,940
20 Foreign sales 55,120 50,839
21 Net purchases, or sales (-) 25,806 24,101
22 Foreign countries 26,670 24,172
23 Europe 14,376 11,639
24 France 52 53
25 Germany 1,203 1,327
26 Netherlands 103 133
27 Switzerland 360 429
28 United Kingdom 10,668 9,241
29 Canada 271 1,506
30 Latin America and Caribbean 6,396 6,652
31 Middle East(1) 178 -506
32 Other Asia 4,847 4,566
33 Japan 2,081 2,297
34 Africa 343 146
35 Other countries 259 169
36 Nonmonetary
international and
regional organizations -864 -71
Foreign securities
37 Stocks, net purchases, or
sales (-) -8,206 3,816
38 Foreign purchases 96,523 129,534
39 Foreign sales 104,729 125,718
40 Bonds, net purchases, or
sales (-) -1,320 -512
41 Foreign purchases 62,533 59,650
42 Foreign sales 63,853 60,162
43 Net purchases, or sales (-),
of stocks and bonds -9,526 3,304
44 Foreign countries -9,532 3,496
45 Europe 2,202 2,238
46 Canada 315 -1,671
47 Latin America and Caribbean -1,950 6,403
48 Asia -9,603 -4,048
49 Japan -10,006 -4,453
50 Africa 63 160
51 Other countries -559 414
52 Nonmonetary
international and
regional organizations 6 -192
1999 2000
Transaction, and area
or country
Dec. Jan.(p)
U.S. corporate
securities
STOCKS
1 Foreign purchases 256,414 263,990
2 Foreign sales 247,460 253,447
3 Net purchases, or sales (-) 8,954 10,543
4 Foreign countries 8,983 10,501
5 Europe 13,283 15,702
6 France 66 -233
7 Germany 1,587 5,622
8 Netherlands 1,640 -263
9 Switzerland 1,495 2,917
10 United Kingdom 3,080 2,247
11 Canada -940 613
12 Latin America and Caribbean -4,735 -4,855
13 Middle East(1) 465 677
14 Other Asia 752 -1,965
15 Japan 211 -1,923
16 Africa -18 151
17 Other countries 176 178
18 Nonmonetary
international and
regional organizations -29 42
BONDS(2)
19 Foreign purchases 56,928(r) 78,539
20 Foreign sales 41,321 59,066
21 Net purchases, or sales (-) 15,607(r) 19,473
22 Foreign countries 15,626(r) 19,478
23 Europe 7,500(r) 9,783
24 France 269 -114
25 Germany -228 -618
26 Netherlands 183 -23
27 Switzerland 462 -47
28 United Kingdom 6,040(r) 10,024
29 Canada 961 2,133
30 Latin America and Caribbean 4,094 4,655
31 Middle East(1) 309 -86
32 Other Asia 2,591 2,243
33 Japan 1,437 733
34 Africa 257 677
35 Other countries -86 73
36 Nonmonetary
international and
regional organizations -19 -5
Foreign securities
37 Stocks, net purchases, or
sales (-) -1,504 1,095
38 Foreign purchases 125,954 134,790
39 Foreign sales 127,458 133,695
40 Bonds, net purchases, or
sales (-) 3,872 -3,523
41 Foreign purchases 52,227 62,161
42 Foreign sales 48,355 65,684
43 Net purchases, or sales (-),
of stocks and bonds 2,368 -2,428
44 Foreign countries 2,210 -2,588
45 Europe 5,001 741
46 Canada 1,342 -471
47 Latin America and Caribbean 524 -4,868
48 Asia -4,945 1,963
49 Japan -3,596 866
50 Africa 535 99
51 Other countries -247 -52
52 Nonmonetary
international and
regional organizations 158 160
(1.) Comprises oil-exporting countries as follows: Bahrain, Iran,
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 organized
to finance direct investments abroad.
3.25 MARKETABLE U.S. TREASURY BONDS AND NOTES Foreign Transactions(1)
Millions of dollars; net purchases, or sales (-) during period
2000
Area or country 1998 1999
Jan.-
Jan.
1 Total estimated 49,039 -9,953 8,116
2 Foreign countries 46,570 -10,518 8,151
3 Europe 23,797 -38,228 -974
4 Belgium and Luxembourg 3,805 -81 731
5 Germany 144 2,285 1,706
6 Netherlands -5,533 2,122 806
7 Sweden 1,486 1,699 499
8 Switzerland 5,240 -1,761 -3,407
9 United Kingdom 14,384 -20,232 -1,638
10 Other Europe and
former U.S.S.R. 4,271 -22,260 329
11 Canada 615 7,348 -582
12 Latin America and Caribbean -3,662 -7,523 -2,409
13 Venezuela 59 362 54
14 Other Latin America
and Caribbean 9,523 1,661 -3,837
15 Netherlands Antilles -13,244 -9,546 1,374
16 Asia 27,433 29,359 12,164
17 Japan 13,048 20,102 1,058
18 Africa 751 -3,021 -43
19 Other -2,364 1,547 -5
20 Nonmonetary international
and regional organizations 2,469 565 -35
21 International 1,502 190 -7
22 Latin American regional 199 666 0
MEMO
23 Foreign countries 46,570 -10,518 8,151
24 Official institutions 4,123 -9,861 6,763
25 Other foreign 42,447 -657 1,388
Oil-exporting countries
26 Middle East(2) -16,554 2,207 2,913
27 Africa(3) 2 0 0
1999
Area or country
July Aug. Sept.
1 Total estimated -6,236 19,118 90
2 Foreign countries -6,220 18,847 -1
3 Europe -5,739 1,771 -9,265
4 Belgium and Luxembourg 37 105 12
5 Germany 643 1,438 -963
6 Netherlands -1,224 453 -423
7 Sweden -229 876 -45
8 Switzerland -215 -714 237
9 United Kingdom 1,385 1,934 -3,534
10 Other Europe and
former U.S.S.R. -6,136 -2,321 -4,549
11 Canada 1,382 1,339 1,459
12 Latin America and Caribbean 698 8,695 3,003
13 Venezuela 131 15 10
14 Other Latin America
and Caribbean -38 1,650 2,982
15 Netherlands Antilles 605 7,030 11
16 Asia -2,319 6,832 5,344
17 Japan -394 2,913 5,259
18 Africa -178 -622 -302
19 Other -64 832 -240
20 Nonmonetary international
and regional organizations -16 271 91
21 International -101 233 98
22 Latin American regional 191 175 -9
MEMO
23 Foreign countries -6,220 18,847 -1
24 Official institutions -1,773 2,394 -1,714
25 Other foreign -4,447 16,453 1,713
Oil-exporting countries
26 Middle East(2) -38 130 401
27 Africa(3) 0 1 0
1999
Area or country
Oct. Nov.
1 Total estimated -9,733 -3,615
2 Foreign countries -9,904 -3,802
3 Europe -405 8,643
4 Belgium and Luxembourg -351 -357
5 Germany 78 510
6 Netherlands 130 360
7 Sweden -6 369
8 Switzerland 365 144
9 United Kingdom -1,854 5,837
10 Other Europe and
former U.S.S.R. 1,233 1,780
11 Canada -656 -550
12 Latin America and Caribbean -9,911 -5,417
13 Venezuela 25 154
14 Other Latin America
and Caribbean -1,777 1,362
15 Netherlands Antilles -8,159 -6,933
16 Asia 942 -6,630
17 Japan 344 -4,378
18 Africa -202 -680
19 Other 328 832
20 Nonmonetary international
and regional organizations 171 187
21 International 184 125
22 Latin American regional -1 -4
MEMO
23 Foreign countries -9,904 -3,802
24 Official institutions -1,248 -2,325
25 Other foreign -8,656 -1,477
Oil-exporting countries
26 Middle East(2) 201 -2,050
27 Africa(3) 0 0
1999 2000
Area or country
Dec. Jan.(p)
1 Total estimated 4,642 8,116
2 Foreign countries 4,566 8,151
3 Europe -5,533 -974
4 Belgium and Luxembourg -798 731
5 Germany 607 1,706
6 Netherlands 268 806
7 Sweden 317 499
8 Switzerland 1,403 -3,407
9 United Kingdom -3,481 -1,638
10 Other Europe and
former U.S.S.R. -3,849 329
11 Canada 218 -582
12 Latin America and Caribbean 806 -2,409
13 Venezuela -33 54
14 Other Latin America
and Caribbean 576 -3,837
15 Netherlands Antilles 263 1,374
16 Asia 9,718 12,164
17 Japan 8,263 1,058
18 Africa -541 -43
19 Other -102 -5
20 Nonmonetary international
and regional organizations 76 -35
21 International 75 -7
22 Latin American regional 1 0
MEMO
23 Foreign countries 4,566 8,151
24 Official institutions 4,962 6,763
25 Other foreign -396 1,388
Oil-exporting countries
26 Middle East(2) -3,556 2,913
27 Africa(3) -1 0
(1.) Official and private transactions in marketable U.S. Treasury
securities having an original maturity of more than one year. Data
are based on monthly transactions reports. Excludes nonmarketable
U.S. Treasury bonds and notes held by official institutions of
foreign countries.
(2.) 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
Item 1997 1998 1999
Exchange Rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar(2) 74.37 62.91 64.54
2 Austria/schilling 12.206 12.379 n.a.
3 Belgium/franc 35.81 36.31 n.a.
4 Brazil/real 1.0779 1.1605 1.8207
5 Canada/dollar 1.3849 1.4836 1.4858
6 China, P.R./yuan 8.3193 8.3008 8.2781
7 Denmark/krone 6.6092 6.7030 6.9900
8 European Monetary
Union/euro(3) n.a. n.a. 1.0653
9 Finland/markka 5.1956 5.3473 n.a.
10 France/franc 5.8393 5.8995 n.a.
11 Germany/deutsche
mark 1.7348 1.7597 n.a.
12 Greece/drachma 273.28 295.70 306.30
13 Hong Kong/dollar 7.7431 7.7467 7.7594
14 India/rupee 36.36 41.36 43.13
15 Ireland/pound(2) 151.63 142.48 n.a.
16 Italy/lira 1,703.81 1,736.85 n.a.
17 Japan/yen 121.06 130.99 113.73
18 Malaysia/ringgit 2.8173 3.9254 3.8000
19 Mexico/peso 7.918 9.152 9.553
20 Netherlands/guilder 1.9525 1.9837 n.a.
21 New Zealand/
dollar(2) 66.25 53.61 52.94
22 Norway/krone 7.0857 7.5521 7.8071
23 Portugal/escudo 175.44 180.25 n.a.
24 Singapore/dollar 1.4857 1.6722 1.6951
25 South Africa/rand 4.6072 5.5417 6.1191
26 South Korea/won 947.65 1,400.40 1,189.84
27 Spain/peseta 146.53 149.41 n.a.
28 Sri Lanka/rupee 59.026 65.006 70.868
29 Sweden/krona 7.6446 7.9522 8.2740
30 Switzerland/franc 1.4514 1.4506 1.5045
31 Taiwan/dollar 28.775 33.547 32.322
32 Thailand/baht 31.072 41.262 37.887
33 United Kingdom/
pound(2) 163.76 165.73 161.72
34 Venezuela/bolivar 488.39 548.39 606.82
Indexes(4)
NOMINAL
35 Broad (January
1997=100)(5) 104.44 116.48 116.87
36 Major currencies
(March 1973=
100)(6) 91.24 95.79 94.07
37 Other important
trading partners
(January
1997=100)(7) 104.67 126.03 129.94
REAL
38 Broad (March
1973=100)(5) 91.33(r) 99.36(r) 98.75(r)
39 Major currencies
(March 1973=
100)(6) 92.25 97.25 96.74
40 Other important
trading partners
(March
1993=100)(7) 95.87(r) 108.52(r) 107.74(r)
1999
Item
Oct. Nov. Dec.
Exchange Rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar(2) 65.09 63.88 64.10
2 Austria/schilling n.a. n.a. n.a.
3 Belgium/franc n.a. n.a. n.a.
4 Brazil/real 1.9688 1.9314 1.8442
5 Canada/dollar 1.4776 1.4674 1.4722
6 China, P.R./yuan 8.2775 8.2782 8.2794
7 Denmark/krone 6.9450 7.2019 7.3597
8 European Monetary
Union/euro(3) 1.0706 1.0328 1.0110
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 307.71 318.24 326.19
13 Hong Kong/dollar 7.7696 7.7718 7.7728
14 India/rupee 43.55 43.46 43.52
15 Ireland/pound(2) n.a. n.a. n.a.
16 Italy/lira n.a. n.a. n.a.
17 Japan/yen 105.97 104.65 105.28
18 Malaysia/ringgit 3.8000 3.8000 3.8000
19 Mexico/peso 9.575 9.416 9.427
20 Netherlands/guilder n.a. n.a. n.a.
21 New Zealand/
dollar(2) 51.42 51.22 50.87
22 Norway/krone 7.7402 7.9367 8.0113
23 Portugal/escudo n.a. n.a. n.a.
24 Singapore/dollar 1.6757 1.6699 1.6745
25 South Africa/rand 6.1029 6.1424 6.1503
26 South Korea/won 1,205.29 1,176.98 1,136.80
27 Spain/peseta n.a. n.a. n.a.
28 Sri Lanka/rupee 71.747 72.040 72.018
29 Sweden/krona 8.1492 8.3586 8.4910
30 Switzerland/franc 1.4896 1.5543 1.5841
31 Taiwan/dollar 31.828 31.794 31.625
32 Thailand/baht 39.416 38.749 38.227
33 United Kingdom/
pound(2) 165.72 162.05 161.32
34 Venezuela/bolivar 630.75 634.80 644.28
Indexes(4)
NOMINAL
35 Broad (January
1997=100)(5) 115.88 116.08 116.09
36 Major currencies
(March 1973=
100)(6) 91.94 92.87 93.23
37 Other important
trading partners
(January
1997=100)(7) 131.06 129.93 129.34
REAL
38 Broad (March
1973=100)(5) 98.02(r) 98.20 98.14
39 Major currencies
(March 1973=
100)(6) 95.01 96.12 96.42
40 Other important
trading partners
(March
1993=100)(7) 108.38(r) 107.23 106.65(r)
2000
Item
Jan. Feb. Mar.
Exchange Rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar(2) 65.60 62.78 60.94
2 Austria/schilling n.a. n.a. n.a.
3 Belgium/franc n.a. n.a. n.a.
4 Brazil/real 1.8057 1.7765 1.7424
5 Canada/dollar 1.4486 1.4512 1.4608
6 China, P.R./yuan 8.2792 8.2781 8.2786
7 Denmark/krone 7.3492 7.5725 7.7228
8 European Monetary
Union/euro(3) 1.0131 0.9834 0.9643
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 326.86 338.87 346.33
13 Hong Kong/dollar 7.7791 7.7816 7.7848
14 India/rupee 43.59 43.65 43.64
15 Ireland/pound(2) n.a. n.a. n.a.
16 Italy/lira n.a. n.a. n.a.
17 Japan/yen 105.30 109.39 106.31
18 Malaysia/ringgit 3.8000 3.8000 3.8000
19 Mexico/peso 9.494 9.427 9.289
20 Netherlands/guilder n.a. n.a. n.a.
21 New Zealand/
dollar(2) 51.27 49.03 49.02
22 Norway/krone 8.0241 8.2374 8.4100
23 Portugal/escudo n.a. n.a. n.a.
24 Singapore/dollar 1.6757 1.7028 1.7153
25 South Africa/rand 6.1309 6.3209 6.4675
26 South Korea/won 1,130.99 1,129.75 1,116.39
27 Spain/peseta n.a. n.a. n.a.
28 Sri Lanka/rupee 73.140 73.552 73.810
29 Sweden/krona 8.4918 8.6480 8.6971
30 Switzerland/franc 1.5903 1.6348 1.6636
31 Taiwan/dollar 30.890 30.806 30.724
32 Thailand/baht 37.380 37.759 37.923
33 United Kingdom/
pound(2) 164.04 160.00 157.99
34 Venezuela/bolivar 625.81 659.44 666.82
Indexes(4)
NOMINAL
35 Broad (January
1997=100)(5) 115.95 117.44 117.44
36 Major currencies
(March 1973=
100)(6) 93.14 95.31 95.64
37 Other important
trading partners
(January
1997=100)(7) 129.14 129.11 128.54
REAL
38 Broad (March
1973=100)(5) 98.09(r) 99.33(r) 100.11
39 Major currencies
(March 1973=
100)(6) 96.64(r) 99.06(r) 99.98
40 Other important
trading partners
(March
1993=100)(7) 106.24(r) 105.95(r) 106.58
(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 revision 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 for each currency is computed as an average
of U.S. bilateral import shares from and export shares to the issuing
country and of a measure of the importance to U.S. exporters of that
country's trade in third country markets.
(6.) Weighted average of the foreign exchange value of the U.S.
dollar against a subset of broad index currencies that circulate
widely outside the country of issue. The weight for each currency
is its broad index weight scaled so that the weights of the subset
of currencies in the index sum to one.
(7.) Weighted average of the foreign exchange value of the U.S.
dollar against a subset of broad index currencies that do not
circulate widely outside the country of issue. The weight for
each currency is its broad index weight scaled so that the weights
of the subset of currencies in the index sum to one.
Guide to Statistical Releases and Special Tables
STATISTICAL RELEASES--List
Published Semiannually, with
Latest Bulletin Reference
Issue Page
Anticipated schedule of release
dates for periodic releases December 1999 A72
SPECIAL TABLES--Data Published
Irregularly, with Latest
Bulletin Reference
Title and Date Issue Page
Assets and liabilities of
commercial banks
March 31, 1999 August 1999 A64
June 30, 1999 November 1999 A64
September 30, 1999 February 2000 A64
December 31, 1999 May 2000 A64
Terms of lending at commercial banks
May 1999 August 1999 A66
August 1999 November 1999 A66
November 1999 February 2000 A66
February 2000 May 2000 A66
Assets and liabilities of U.S.
branches and agencies of foreign banks
March 31, 1999 August 1999 A72
June 30, 1999 November 1999 A72
September 30, 1999 February 2000 A72
December 31, 1999 May 2000 A72
Pro forma balance sheet and income
statements for priced service operations
March 31, 1999 July 1999 A64
June 30, 1999 October 1999 A64
September 30, 1999 January 2000 A64
Residential lending reported under
the Home Mortgage Disclosure Act
1997 September 1998 A64
1998 September 1999 A64
Disposition of applications for
private mortgage insurance
1997 September 1998 A72
1998 September 1999 A73
Small loans to businesses and farms
1997 September 1998 A76
1998 September 1999 A76
Community development lending reported
under the Community Reinvestment Act
1997 September 1998 A79
1998 September 1999 A79
4.20 DOMESTIC AND FOREIGN OFFICES Insured Commercial Bank Assets and
Liabilities Consolidated Report of Condition, December 31, 1999
Millions of dollars except as noted
Domestic
Item Total total
1 Total assets(3) 5,668,287 4,947,888
2 Cash and balances due from depository
institutions 363,785 249,631
3 Cash items in process of collection, un-
posted debits, and currency and coin n.a. n.a.
4 Cash items in process of collection and
unposted debits n.a. n.a.
5 Currency and coin n.a. n.a.
6 Balances due from depository institutions
in the United States n.a. n.a.
7 Balances due from banks in foreign
countries and foreign central banks n.a. n.a.
8 Balances due from Federal Reserve Banks n.a. n.a.
MEMO
9 Non-interest-bearing balances due from
commercial banks in the United States
(included in balances due from
depository institutions in the United
States) n.a. 30,950
10 Total securities, held-to-maturity
(amortized cost) and available-for-sale
(fair value) 1,028,372 n.a.
11 U.S. Treasury securities 110,536 n.a.
12 U.S. government agency and corporation
obligations (excludes mortgage-backed
securities) 199,332 n.a.
13 Issued by U.S. government agencies 4,627 n.a.
14 Issued by U.S. government-sponsored
agencies 194,705 n.a.
15 Securities issued by states and political
subdivisions in the United States 88,802 n.a.
16 General obligations 64,824 n.a.
17 Revenue obligations 23,314 n.a.
18 Industrial development and similar
obligations 664 n.a.
19 Mortgage-backed securities (MBS) 448,873 n.a.
20 Pass-through securities 282,057 n.a.
21 Guaranteed by GNMA 74,753 n.a.
22 Issued by FNMA and FHLMC 204,164 n.a.
23 Privately issued 3,140 n.a.
24 Other mortgage-backed securities
(includes CMOs, REMICs, and
stripped MBS) 166,815 n.a.
25 Issued or guaranteed by FNMA, FHLMC
or GNMA 117,071 n.a.
26 Collateralized by MBS issued or
guaranteed by FNMA, FHLMC, or GNMA 3,316 n.a.
27 All other mortgage-backed securities 46,429 n.a.
28 Other debt securities 144,182 n.a.
29 Other domestic debt securities n.a. n.a.
30 Foreign debt securities n.a. n.a.
31 Equity securities 36,648 n.a.
32 Investments in mutual funds and other
equity securities with readily
determinable fair value 11,563 n.a.
33 All other equity securities 25,085 n.a.
34 Federal funds sold and securities purchased
under agreements to resell 225,534 185,433
35 Total loans and lease-financing
receivables, gross 3,454,774 3,174,021
36 LESS: Unearned income on loans 3,363 2,647
37 Total loans and leases (net of unearned
income) 3,451,411 3,171,374
38 LESS: Allowance for loan and lease losses 57,465 n.a.
39 LESS: Allocated transfer risk reserves 126 n.a.
40 EQUALS: Total loans and leases, net 3,393,820 n.a.
Total loans and leases, gross, by category
41 Loans secured by real estate 1,497,156 1,464,622
42 Construction and land development n.a. 134,135
43 Farmland n.a. 31,839
44 One- to four-family residential
properties n.a. 831,426
45 Revolving, open-end loans, extended
under lines of credit n.a. 102,302
46 All other loans n.a. 729,125
47 Multifamily (five or more) residential
properties n.a. 52,911
48 Nonfarm nonresidential properties n.a. 414,310
49 Loans to depository institutions 98,521 82,196
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 45,032 44,202
54 Commercial and industrial loans 964,892 810,254
55 U.S. addressees (domicile) n.a. n.a.
56 Non-U.S. addressees (domicile) n.a. n.a.
57 Acceptances of other banks 1,250 694
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) 541,293 499,662
61 Credit cards and related plans 199,656 n.a.
62 Other (includes single payment and
installment) 341,637 n.a.
63 Obligations (other than securities) of
states and political subdivisions in the
United States (includes nonrated
industrial development obligations) 19,579 19,574
64 All other loans 135,595 106,875
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 151,456 145,942
70 Assets held in trading accounts 257,208 n.a.
71 Premises and fixed assets (including
capitalized leases) 72,973 n.a.
72 Other real estate owned 3,040 n.a.
73 Investments in unconsolidated subsidiaries
and associated companies 8,891 n.a.
74 Customers' liability on acceptances
outstanding 8,923 n.a.
75 Net due from own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a. 18,927
76 Intangible assets 94,778 n.a.
77 All other assets 210,963 n.a.
78 Total liabilities, limited-life preferred
stock, and equity capital 5,668,287 n.a.
79 Total liabilities 5,197,743 4,477,345
80 Total deposits 3,802,488 3,147,113
81 Individuals, partnerships, and
corporations 3,389,214 2,922,278
82 U.S. government n.a. 7,487
83 States and political subdivisions in the
United States n.a. 150,457
84 Commercial banks in the United States 78,761 30,266
85 Other depository institutions in the
United States n.a. 9,132
86 Foreign banks, governments, and official
institutions 142,136 10,897
87 Banks n.a. n.a.
88 Governments and official institutions n.a. n.a.
89 Certified and official checks 17,712 16,595
90 Total transaction accounts n.a. 679,329
91 Individuals, partnerships, and
corporations n.a. 578,521
92 U.S. government n.a. 2,101
93 States and political subdivisions in
the United States n.a. 46,716
94 Commercial banks in the United States n.a. 23,868
95 Other depository institutions in the
United States n.a. 3,299
96 Foreign banks, governments, and
official institutions n.a. 8,230
97 Banks n.a. n.a.
98 Governments and official institutions n.a. n.a.
99 Certified and official checks n.a. 16,595
100 Demand deposits (included in total
transaction accounts) n.a. 519,861
101 Individuals, partnerships, and
corporations n.a. 445,588
102 U.S. government n.a. 1,856
103 States and political subdivisions in
the United States n.a. 20,453
104 Commercial banks in the United States n.a. 23,863
105 Other depository institutions in the
United States n.a. 3,280
106 Foreign banks, governments, and
official institutions n.a. 8,226
107 Banks n.a. n.a.
108 Governments and official
institutions n.a. n.a.
109 Certified and official checks n.a. 16,595
110 Total nontransaction accounts n.a. 2,467,784
111 Individuals, partnerships, and
corporations n.a. 2,343,758
112 U.S. government n.a. 5,386
113 States and political subdivisions in
the United States n.a. 103,741
114 Commercial banks in the United States n.a. 6,398
115 Other depository institutions in the
United States n.a. 5,833
116 Foreign banks, governments, and
official institutions n.a. 2,668
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 436,955 415,719
120 Demand notes issued to the U.S. Treasury 47,461 47,461
121 Trading liabilities 186,871 n.a.
122 Other borrowed money 489,222 452,302
123 Banks' liability on acceptances executed
and outstanding 9,016 6,596
124 Notes and debentures subordinated to
deposits 75,808 n.a.
125 Net due to own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a. 143,854
126 All other liabilities 149,922 n.a.
127 Total equity capital 470,544 n.a.
MEMO
128 Trading assets at large banks(4) 256,928 105,507
129 U.S. Treasury securities (domestic
offices) n.a. 13,384
130 U.S. government agency corporation
obligations n.a. 4,184
131 Securities issued by states and political
subdivisions in the United States n.a. 750
132 Mortgage-backed securities n.a. 4,865
133 Other debt securities n.a. 11,044
134 Other trading assets n.a. 10,882
135 Trading assets in foreign banks 151,421 0
136 Revaluation gains on interest rate,
foreign exchange rate, and other
commodity and equity contracts 60,400 60,400
137 Total individual retirement (IRA) and
Keogh plan accounts n.a. 148,124
138 Total brokered deposits n.a. 95,547
139 Fully insured brokered deposits n.a. 68,038
140 Issued in denominations of less
than $100,000 n.a. 12,155
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. 55,883
142 Money market deposit accounts (MMDAs) n.a. 835,791
143 Other savings deposits (excluding MMDAs) n.a. 420,736
144 Total time deposits of less than $100,000 n.a. 739,254
145 Total time deposits of $100,000 or more n.a. 472,003
146 All negotiable order of withdrawal (NOW)
accounts n.a. 152,448
147 Number of banks 8,557 8,557
Banks with foreign
offices(1)
Item
Total Domestic
1 Total assets(3) 3,907,522 3,187,123
2 Cash and balances due from depository
institutions 284,021 169,868
3 Cash items in process of collection, un-
posted debits, and currency and coin 122,565 119,698
4 Cash items in process of collection and
unposted debits n.a. 76,222
5 Currency and coin n.a. 43,475
6 Balances due from depository institutions
in the United States 34,325 25,210
7 Balances due from banks in foreign
countries and foreign central banks 109,566 7,628
8 Balances due from Federal Reserve Banks 17,565 17,332
MEMO
9 Non-interest-bearing balances due from
commercial banks in the United States
(included in balances due from
depository institutions in the United
States) n.a. 12,123
10 Total securities, held-to-maturity
(amortized cost) and available-for-sale
(fair value) 597,306 n.a.
11 U.S. Treasury securities 73,500 n.a.
12 U.S. government agency and corporation
obligations (excludes mortgage-backed
securities) 64,099 n.a.
13 Issued by U.S. government agencies 2,067 n.a.
14 Issued by U.S. government-sponsored
agencies 62,032 n.a.
15 Securities issued by states and political
subdivisions in the United States 28,251 n.a.
16 General obligations 19,540 n.a.
17 Revenue obligations 8,262 n.a.
18 Industrial development and similar
obligations 449 n.a.
19 Mortgage-backed securities (MBS) 294,009 n.a.
20 Pass-through securities 191,456 n.a.
21 Guaranteed by GNMA 44,250 n.a.
22 Issued by FNMA and FHLMC 145,775 n.a.
23 Privately issued 1,431 n.a.
24 Other mortgage-backed securities
(includes CMOs, REMICs, and
stripped MBS) 102,553 n.a.
25 Issued or guaranteed by FNMA, FHLMC
or GNMA 69,876 n.a.
26 Collateralized by MBS issued or
guaranteed by FNMA, FHLMC, or GNMA 2,235 n.a.
27 All other mortgage-backed securities 30,443 n.a.
28 Other debt securities 112,998 n.a.
29 Other domestic debt securities 53,737 n.a.
30 Foreign debt securities 59,261 n.a.
31 Equity securities 24,449 n.a.
32 Investments in mutual funds and other
equity securities with readily
determinable fair value 8,224 n.a.
33 All other equity securities 16,225 n.a.
34 Federal funds sold and securities purchased
under agreements to resell 174,152 134,051
35 Total loans and lease-financing
receivables, gross 2,329,042 2,048,290
36 LESS: Unearned income on loans 1,766 1,050
37 Total loans and leases (net of unearned
income) 2,327,276 2,047,240
38 LESS: Allowance for loan and lease losses 39,152 n.a.
39 LESS: Allocated transfer risk reserves 125 n.a.
40 EQUALS: Total loans and leases, net 2,288,000 n.a.
Total loans and leases, gross, by category
41 Loans secured by real estate 865,753 833,219
42 Construction and land development n.a. 70,002
43 Farmland n.a. 5,807
44 One- to four-family residential
properties n.a. 526,014
45 Revolving, open-end loans, extended
under lines of credit n.a. 72,424
46 All other loans n.a. 453,590
47 Multifamily (five or more) residential
properties n.a. 29,869
48 Nonfarm nonresidential properties n.a. 201,527
49 Loans to depository institutions 95,056 78,731
50 Commercial banks in the United States 70,717 70,429
51 Other depository institutions in the
United States 4,480 4,459
52 Banks in foreign countries 19,859 3,842
53 Loans to finance agricultural production
and other loans to farmers 11,215 10,385
54 Commercial and industrial loans 762,606 607,967
55 U.S. addressees (domicile) 620,154 599,794
56 Non-U.S. addressees (domicile) 142,452 8,174
57 Acceptances of other banks 1,168 613
58 U.S. banks 326 322
59 Foreign banks 842 290
60 Loans to individuals for household, family,
and other personal expenditures
(includes purchased paper) 314,013 272,382
61 Credit cards and related plans 114,763 n.a.
62 Other (includes single payment and
installment) 199,250 n.a.
63 Obligations (other than securities) of
states and political subdivisions in the
United States (includes nonrated
industrial development obligations) 12,396 12,390
64 All other loans 126,555 97,835
65 Loans to foreign governments and official
institutions 8,492 1,649
66 Other loans 118,062 96,186
67 Loans for purchasing and carrying
securities n.a. 18,703
68 All other loans (excludes consumer
loans) n.a. 77,483
69 Lease-financing receivables 140,282 134,768
70 Assets held in trading accounts 256,541 n.a.
71 Premises and fixed assets (including
capitalized leases) 44,959 n.a.
72 Other real estate owned 1,590 n.a.
73 Investments in unconsolidated subsidiaries
and associated companies 8,412 n.a.
74 Customers' liability on acceptances
outstanding 8,686 n.a.
75 Net due from own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a. 18,927
76 Intangible assets 79,481 n.a.
77 All other assets 164,372 n.a.
78 Total liabilities, limited-life preferred
stock, and equity capital 3,907,522 n.a.
79 Total liabilities 3,598,507 2,878,108
80 Total deposits 2,491,757 1,836,382
81 Individuals, partnerships, and
corporations 2,180,449 1,713,513
82 U.S. government n.a. 6,538
83 States and political subdivisions in the
United States n.a. 70,071
84 Commercial banks in the United States 71,200 22,705
85 Other depository institutions in the
United States n.a. 4,290
86 Foreign banks, governments, and official
institutions 141,702 10,463
87 Banks 98,961 9,384
88 Governments and official institutions 42,742 1,079
89 Certified and official checks 9,919 8,802
90 Total transaction accounts n.a. 381,563
91 Individuals, partnerships, and
corporations n.a. 319,989
92 U.S. government n.a. 1,615
93 States and political subdivisions in
the United States n.a. 21,535
94 Commercial banks in the United States n.a. 19,285
95 Other depository institutions in the
United States n.a. 2,518
96 Foreign banks, governments, and
official institutions n.a. 7,820
97 Banks n.a. 7,103
98 Governments and official institutions n.a. 717
99 Certified and official checks n.a. 8,802
100 Demand deposits (included in total
transaction accounts) n.a. 332,642
101 Individuals, partnerships, and
corporations n.a. 278,920
102 U.S. government n.a. 1,442
103 States and political subdivisions in
the United States n.a. 13,861
104 Commercial banks in the United States n.a. 19,283
105 Other depository institutions in the
United States n.a. 2,518
106 Foreign banks, governments, and
official institutions n.a. 7,818
107 Banks n.a. 7,103
108 Governments and official
institutions n.a. 715
109 Certified and official checks n.a. 8,802
110 Total nontransaction accounts n.a. 1,454,819
111 Individuals, partnerships, and
corporations n.a. 1,393,524
112 U.S. government n.a. 4,923
113 States and political subdivisions in
the United States n.a. 48,536
114 Commercial banks in the United States n.a. 3,420
115 Other depository institutions in the
United States n.a. 1,772
116 Foreign banks, governments, and
official institutions n.a. 2,644
117 Banks n.a. 2,282
118 Governments and official institutions n.a. 362
119 Federal funds purchased and securities sold
under agreements to repurchase 342,515 321,279
120 Demand notes issued to the U.S. Treasury 42,805 42,805
121 Trading liabilities 186,783 n.a.
122 Other borrowed money 331,610 294,691
123 Banks' liability on acceptances executed
and outstanding 8,779 6,359
124 Notes and debentures subordinated to
deposits 71,091 n.a.
125 Net due to own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a. 143,854
126 All other liabilities 123,168 n.a.
127 Total equity capital 309,015 n.a.
MEMO
128 Trading assets at large banks(4) 256,431 105,010
129 U.S. Treasury securities (domestic
offices) n.a. 13,374
130 U.S. government agency corporation
obligations n.a. 4,051
131 Securities issued by states and political
subdivisions in the United States n.a. 696
132 Mortgage-backed securities n.a. 4,774
133 Other debt securities n.a. 11,042
134 Other trading assets n.a. 10,758
135 Trading assets in foreign banks 151,421 0
136 Revaluation gains on interest rate,
foreign exchange rate, and other
commodity and equity contracts 60,313 60,313
137 Total individual retirement (IRA) and
Keogh plan accounts n.a. 78,687
138 Total brokered deposits n.a. 58,969
139 Fully insured brokered deposits n.a. 34,235
140 Issued in denominations of less
than $100,000 n.a. 4,898
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. 29,337
142 Money market deposit accounts (MMDAs) n.a. 582,061
143 Other savings deposits (excluding MMDAs) n.a. 254,540
144 Total time deposits of less than $100,000 n.a. 341,423
145 Total time deposits of $100,000 or more n.a. 276,794
146 All negotiable order of withdrawal (NOW)
accounts n.a. 44,126
147 Number of banks 160 n.a.
Banks with domestic
offices only(2)
Item
Over 100 Under 100
1 Total assets(3) 1,477,819 282,946
2 Cash and balances due from depository
institutions 64,320 15,444
3 Cash items in process of collection, un-
posted debits, and currency and coin 37,836 n.a.
4 Cash items in process of collection and
unposted debits 16,260 n.a.
5 Currency and coin 21,576 n.a.
6 Balances due from depository institutions
in the United States 18,737 n.a.
7 Balances due from banks in foreign
countries and foreign central banks 971 n.a.
8 Balances due from Federal Reserve Banks 6,776 n.a.
MEMO
9 Non-interest-bearing balances due from
commercial banks in the United States
(included in balances due from
depository institutions in the United
States) 14,008 4,819
10 Total securities, held-to-maturity
(amortized cost) and available-for-sale
(fair value) 357,516 73,550
11 U.S. Treasury securities 29,417 7,619
12 U.S. government agency and corporation
obligations (excludes mortgage-backed
securities) 99,951 35,282
13 Issued by U.S. government agencies 1,829 731
14 Issued by U.S. government-sponsored
agencies 98,122 34,552
15 Securities issued by states and political
subdivisions in the United States 47,710 12,841
16 General obligations 36,051 9,234
17 Revenue obligations 11,490 3,562
18 Industrial development and similar
obligations 169 45
19 Mortgage-backed securities (MBS) 140,938 13,925
20 Pass-through securities 81,261 9,340
21 Guaranteed by GNMA 27,010 3,494
22 Issued by FNMA and FHLMC 52,571 5,818
23 Privately issued 1,680 29
24 Other mortgage-backed securities
(includes CMOs, REMICs, and
stripped MBS) 59,677 4,585
25 Issued or guaranteed by FNMA, FHLMC
or GNMA 43,077 4,118
26 Collateralized by MBS issued or
guaranteed by FNMA, FHLMC, or GNMA 897 184
27 All other mortgage-backed securities 15,703 282
28 Other debt securities 28,892 2,292
29 Other domestic debt securities 28,539 n.a.
30 Foreign debt securities 353 n.a.
31 Equity securities 10,609 1,591
32 Investments in mutual funds and other
equity securities with readily
determinable fair value 2,760 579
33 All other equity securities 7,849 1,012
34 Federal funds sold and securities purchased
under agreements to resell 40,127 11,255
35 Total loans and lease-financing
receivables, gross 952,282 173,449
36 LESS: Unearned income on loans 1,241 357
37 Total loans and leases (net of unearned
income) 951,042 173,093
38 LESS: Allowance for loan and lease losses 15,743 2,570
39 LESS: Allocated transfer risk reserves 1 1
40 EQUALS: Total loans and leases, net 935,298 170,521
Total loans and leases, gross, by category
41 Loans secured by real estate 531,857 99,546
42 Construction and land development 55,556 8,577
43 Farmland 14,569 11,464
44 One- to four-family residential
properties 257,320 48,092
45 Revolving, open-end loans, extended
under lines of credit 27,396 2,481
46 All other loans 229,924 45,612
47 Multifamily (five or more) residential
properties 20,809 2,233
48 Nonfarm nonresidential properties 183,604 29,180
49 Loans to depository institutions 3,370 95
50 Commercial banks in the United States 2,992 n.a.
51 Other depository institutions in the
United States 189 n.a.
52 Banks in foreign countries 189 n.a.
53 Loans to finance agricultural production
and other loans to farmers 17,414 16,403
54 Commercial and industrial loans 172,216 30,070
55 U.S. addressees (domicile) 171,416 n.a.
56 Non-U.S. addressees (domicile) 800 n.a.
57 Acceptances of other banks 68 13
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) 202,274 25,006
61 Credit cards and related plans 81,948 2,945
62 Other (includes single payment and
installment) 120,326 22,061
63 Obligations (other than securities) of
states and political subdivisions in the
United States (includes nonrated
industrial development obligations) 6,360 824
64 All other loans 8,195 845
65 Loans to foreign governments and official
institutions 15 n.a.
66 Other loans 8,180 n.a.
67 Loans for purchasing and carrying
securities 1,875 n.a.
68 All other loans (excludes consumer
loans) 6,305 n.a.
69 Lease-financing receivables 10,528 646
70 Assets held in trading accounts 648 1
71 Premises and fixed assets (including
capitalized leases) 22,477 5,537
72 Other real estate owned 1,130 320
73 Investments in unconsolidated subsidiaries
and associated companies 403 75
74 Customers' liability on acceptances
outstanding 232 5
75 Net due from own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a. n.a.
76 Intangible assets 14,439 858
77 All other assets 41,230 5,362
78 Total liabilities, limited-life preferred
stock, and equity capital 1,477,819 282,946
79 Total liabilities 1,345,499 253,738
80 Total deposits 1,070,445 240,286
81 Individuals, partnerships, and
corporations 991,989 216,777
82 U.S. government 803 146
83 States and political subdivisions in the
United States 61,314 19,073
84 Commercial banks in the United States 6,380 1,182
85 Other depository institutions in the
United States 3,376 1,467
86 Foreign banks, governments, and official
institutions 414 20
87 Banks 411 n.a.
88 Governments and official institutions 3 n.a.
89 Certified and official checks 6,171 1,622
90 Total transaction accounts 229,303 68,463
91 Individuals, partnerships, and
corporations 199,105 59,427
92 U.S. government 416 70
93 States and political subdivisions in
the United States 18,247 6,934
94 Commercial banks in the United States 4,275 309
95 Other depository institutions in the
United States 700 81
96 Foreign banks, governments, and
official institutions 390 19
97 Banks 388 n.a.
98 Governments and official institutions 3 n.a.
99 Certified and official checks 6,171 1,622
100 Demand deposits (included in total
transaction accounts) 151,406 35,812
101 Individuals, partnerships, and
corporations 134,221 32,448
102 U.S. government 357 58
103 States and political subdivisions in
the United States 5,313 1,279
104 Commercial banks in the United States 4,271 308
105 Other depository institutions in the
United States 683 79
106 Foreign banks, governments, and
official institutions 390 18
107 Banks 388 n.a.
108 Governments and official
institutions 3 n.a.
109 Certified and official checks 6,171 1,622
110 Total nontransaction accounts 841,142 171,823
111 Individuals, partnerships, and
corporations 792,884 157,350
112 U.S. government 387 76
113 States and political subdivisions in
the United States 43,066 12,139
114 Commercial banks in the United States 2,105 873
115 Other depository institutions in the
United States 2,676 1,385
116 Foreign banks, governments, and
official institutions 24 0
117 Banks 23 n.a.
118 Governments and official institutions 1 n.a.
119 Federal funds purchased and securities sold
under agreements to repurchase 90,640 3,801
120 Demand notes issued to the U.S. Treasury 4,517 139
121 Trading liabilities 88 1
122 Other borrowed money 150,546 7,065
123 Banks' liability on acceptances executed
and outstanding 232 5
124 Notes and debentures subordinated to
deposits 4,694 23
125 Net due to own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a. n.a.
126 All other liabilities 24,337 2,418
127 Total equity capital 132,320 29,208
MEMO
128 Trading assets at large banks(4) 498 n.a.
129 U.S. Treasury securities (domestic
offices) 10 n.a.
130 U.S. government agency corporation
obligations 133 n.a.
131 Securities issued by states and political
subdivisions in the United States 53 n.a.
132 Mortgage-backed securities 91 n.a.
133 Other debt securities 2 n.a.
134 Other trading assets 123 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 86 n.a.
137 Total individual retirement (IRA) and
Keogh plan accounts 57,271 12,166
138 Total brokered deposits 32,650 3,928
139 Fully insured brokered deposits 30,048 3,755
140 Issued in denominations of less
than $100,000 5,998 1,259
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 24,050 2,496
142 Money market deposit accounts (MMDAs) 225,978 27,751
143 Other savings deposits (excluding MMDAs) 143,918 22,278
144 Total time deposits of less than $100,000 312,002 85,828
145 Total time deposits of $100,000 or more 159,244 35,966
146 All negotiable order of withdrawal (NOW)
accounts 76,386 31,936
147 Number of banks 2,943 5,454
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
U.S. territories and possessions; subsidiaries in foreign countries;
all offices of Edge Act and agreement corporations wherever located;
and IBFs.
(2.) "Over 100" refers to banks whose assets, on June 30 of the
preceding calendar year, were $100 million or more. (These banks file
the FFIEC 032 or FFIEC 033 Call Report.) "Under 100" refers to banks
whose assets, on June 30 of the preceding calendar year, were less than
$100 million. (These banks file the FFIEC 034 Call Report.)
(3.) Because the domestic portion of allowances for loan and lease
losses and allocated transfer risk reserves are not reported for banks
with foreign offices, the components of total assets (domestic) do not
sum to the actual total (domestic).
(4.) Components of "Trading assets at large banks" are reported only by
banks with either total assets of $1 billion or more or with $2 billion
or more in the par/notional amount of their off-balance-sheet
derivative contracts.
4.23 TERMS OF LENDING AT COMMERCIAL BANKS Survey of Loans Made,
Feb. 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 7.84 117,861 728
2 Minimal risk 6.47 16,743 2,723
3 Low risk 6.87 21,029 1,435
4 Moderate risk 7.54 38,110 700
5 Other 8.24 23,376 505
By maturity/repricing
interval(6)
6 Zero interval 8.64 19,753 353
7 Minimal risk 7.99 559 447
8 Low risk 8.33 2,130 519
9 Moderate risk 8.49 7,672 339
10 Other 9.32 3,972 187
11 Daily 6.84 54,728 1,321
12 Minimal risk 6.17 12,205 16,152
13 Low risk 6.60 11,904 5,873
14 Moderate risk 6.98 14,630 1,147
15 Other 7.60 6,867 771
16 2 to 30 days 7.42 25,414 1,315
17 Minimal risk 6.88 2,638 2,096
18 Low risk 6.69 4,362 2,334
19 Moderate risk 7.31 9,882 1,497
20 Other 8.28 7,001 900
21 31 to 365 days 7.67 12,407 500
22 Minimal risk 7.70 933 461
23 Low risk 7.07 2,225 596
24 Moderate risk 7.59 3,654 587
25 Other 8.05 4,532 1,071
26 More than 365 days 8.81 4,013 238
27 Minimal risk 7.80 374 466
28 Low risk 7.93 388 139
29 Moderate risk 9.16 1,828 415
30 Other 9.03 741 259
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 9.64 2,782 3.3
32 100-999 8.88 11,169 3.2
33 1,000-9,999 7.83 35,661 3.0
34 10,000 or more 6.90 68,249 2.5
BASE RATE OF LOAN(4)
35 Prime(7) 9.27 23,612 3.2
36 Fed funds 6.64 31,663 2.8
37 Other domestic 6.73 13,666 2.4
38 Foreign 7.13 35,416 2.4
39 Other 7.61 13,503 3.1
Amount of loans (percent)
Weighted-
average
maturity(3)
Item
Secured by
collateral Callable
Days
LOAN RISK(5)
1 All commercial and
industrial loans 375 43.8 10.9
2 Minimal risk 219 73.3 6.7
3 Low risk 329 18.1 13.4
4 Moderate risk 509 39.2 10.1
5 Other 380 41.9 12.0
By maturity/repricing
interval(6)
6 Zero interval 459 54.7 14.6
7 Minimal risk 562 44.0 31.3
8 Low risk 535 32.8 16.0
9 Moderate risk 441 62.3 13.3
10 Other 597 76.8 30.7
11 Daily 170 42.9 9.4
12 Minimal risk 74 84.9 3.5
13 Low risk 209 12.7 13.8
14 Moderate risk 261 25.9 11.1
15 Other 98 29.5 7.7
16 2 to 30 days 456 31.1 5.2
17 Minimal risk 502 41.6 .6
18 Low risk 333 14.5 6.8
19 Moderate risk 587 29.0 5.3
20 Other 400 34.7 3.9
21 31 to 365 days 557 37.9 9.8
22 Minimal risk 898 53.0 16.5
23 Low risk 492 31.8 21.1
24 Moderate risk 795 40.4 11.0
25 Other 388 29.4 3.5
Months
26 More than 365 days 53 82.8 26.6
27 Minimal risk 36 11.4 83.8
28 Low risk 61 60.8 16.4
29 Moderate risk 54 94.4 2.3
30 Other 59 94.4 70.5
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 159 85.3 29.8
32 100-999 146 73.6 19.5
33 1,000-9,999 80 44.5 13.2
34 10,000 or more 45 36.8 7.5
BASE RATE OF LOAN(4)
35 Prime(7) 123 73.7 22.4
36 Fed funds 9 29.5 8.9
37 Other domestic 37 9.7 20.3
38 Foreign 35 50.5 2.5
39 Other 231 41.8 8.1
Amount of loans (percent)
Most
common
Item base pricing
Subject to Made under rate(4)
prepayment commitment
penalty
LOAN RISK(5)
1 All commercial and
industrial loans 32.5 73.9 Foreign
2 Minimal risk 82.2 98.8 Foreign
3 Low risk 34.8 69.2 Fed funds
4 Moderate risk 26.7 76.7 Prime
5 Other 16.9 69.8 Fed funds
By maturity/repricing
interval(6)
6 Zero interval 3.5 71.1 Prime
7 Minimal risk 22.8 97.5 Prime
8 Low risk 11.3 93.7 Prime
9 Moderate risk 1.6 97.5 Prime
10 Other 1.7 87.8 Prime
11 Daily 41.6 69.6 Fed funds
12 Minimal risk 94.6 99.5 Foreign
13 Low risk 39.3 55.6 Fed funds
14 Moderate risk 28.5 65.4 Fed funds
15 Other 3.9 42.0 Fed funds
16 2 to 30 days 41.2 84.2 Foreign
17 Minimal risk 59.5 99.7 Foreign
18 Low risk 42.6 90.8 Foreign
19 Moderate risk 46.1 84.7 Foreign
20 Other 24.7 77.4 Foreign
21 31 to 365 days 30.1 80.2 Foreign
22 Minimal risk 54.4 92.0 Foreign
23 Low risk 23.4 77.9 Foreign
24 Moderate risk 34.9 79.2 Foreign
25 Other 30.5 79.8 Foreign
26 More than 365 days 15.5 53.1 Other
27 Minimal risk 1.3 87.8 Domestic
28 Low risk 7.1 60.0 Other
29 Moderate risk 2.3 27.2 Prime
30 Other 73.3 86.8 Other
SIZE OF LOAN
(thousands of dollars)
31 1-99 3.8 78.3 Prime
32 100-999 11.3 86.1 Prime
33 1,000-9,999 26.9 81.0 Foreign
34 10,000 or more 40.0 68.0 Fed funds
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 2.8 77.5 220
36 Fed funds 17.9 46.0 8,776
37 Other domestic 70.6 71.9 4,068
38 Foreign 57.4 94.5 3,318
39 Other 14.2 80.8 366
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 7.84 69,934 456
2 Minimal risk 6.62 5,604 1,184
3 Low risk 7.00 12,370 905
4 Moderate risk 7.81 28,322 543
5 Other 8.84 12,530 288
By maturity/repricing
interval(6)
6 Zero interval 8.64 19,249 348
7 Minimal risk 7.99 559 447
8 Low risk 8.33 2,127 520
9 Moderate risk 8.48 7,581 339
10 Other 9.39 3,562 170
11 Daily 7.21 24,178 616
12 Minimal risk 6.32 3,281 5,469
13 Low risk 6.54 5,545 3,278
14 Moderate risk 7.25 8,819 723
15 Other 8.01 3,046 364
16 2 to 30 days 7.65 14,793 907
17 Minimal risk 6.26 937 1,473
18 Low risk 6.79 2,594 1,742
19 Moderate risk 7.46 7,047 1,224
20 Other 9.06 3,474 511
21 31 to 365 days 7.63 6,910 309
22 Minimal risk 6.74 419 302
23 Low risk 6.92 1,697 489
24 Moderate risk 7.71 2,603 458
25 Other 8.59 1,446 432
26 More than 365 days 8.82 4,011 238
27 Minimal risk 7.80 374 466
28 Low risk 7.93 388 139
29 Moderate risk 9.16 1,828 415
30 Other 9.04 739 259
Weighted-
average
risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 9.65 2,742 3.3
32 100-999 8.99 9,776 3.2
33 1,000-9,999 8.09 24,261 3.1
34 10,000 or more 7.18 33,155 2.6
BASE RATE OF LOAN(4)
35 Prime(7) 9.23 21,726 3.2
36 Fed funds 6.51 10,131 2.4
37 Other domestic 6.67 11,376 2.4
38 Foreign 7.78 14,440 3.0
39 Other 7.65 12,262 3.0
Amount of loans (percent)
Weighted-
average
maturity(3)
Item
Secured by
collateral Callable
Days
LOAN RISK(5)
1 All commercial and
industrial loans 599 45.0 15.9
2 Minimal risk 371 34.9 17.5
3 Low risk 548 23.6 22.1
4 Moderate risk 686 45.7 12.6
5 Other 668 64.9 19.1
By maturity/repricing
interval(6)
6 Zero interval 446 54.2 15.0
7 Minimal risk 562 44.0 31.3
8 Low risk 536 32.7 15.9
9 Moderate risk 439 62.5 13.5
10 Other 525 76.7 34.2
11 Daily 396 36.5 19.4
12 Minimal risk 272 45.8 12.9
13 Low risk 427 15.3 27.9
14 Moderate risk 452 32.2 17.3
15 Other 205 47.4 9.8
16 2 to 30 days 695 34.3 7.8
17 Minimal risk 251 3.9 1.7
18 Low risk 550 20.0 11.5
19 Moderate risk 812 30.6 5.6
20 Other 771 59.2 6.5
21 31 to 365 days 836 46.3 12.6
22 Minimal risk 552 22.2 4.0
23 Low risk 607 35.7 27.5
24 Moderate risk 1,067 45.1 12.5
25 Other 970 65.4 1.9
Months
26 More than 365 days 53 82.9 26.6
27 Minimal risk 36 11.4 83.8
28 Low risk 61 60.8 16.4
29 Moderate risk 54 94.4 2.3
30 Other 59 94.7 70.7
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 161 85.9 29.8
32 100-999 162 77.1 20.2
33 1,000-9,999 106 49.6 15.8
34 10,000 or more 83 28.8 13.5
BASE RATE OF LOAN(4)
35 Prime(7) 131 75.5 19.7
36 Fed funds 13 41.2 22.9
37 Other domestic 44 8.0 23.9
38 Foreign 56 36.4 4.8
39 Other 252 38.6 8.9
Amount of loans (percent)
Most
common
Item base pricing
Subject to Made under rate(4)
prepayment commitment
penalty
LOAN RISK(5)
1 All commercial and
industrial loans 26.4 78.6 Prime
2 Minimal risk 56.5 96.6 Fed funds
3 Low risk 37.9 80.6 Domestic
4 Moderate risk 28.6 82.8 Prime
5 Other 18.7 84.2 Prime
By maturity/repricing
interval(6)
6 Zero interval 3.5 71.0 Prime
7 Minimal risk 22.8 97.5 Prime
8 Low risk 11.4 93.9 Prime
9 Moderate risk 1.3 97.5 Prime
10 Other 1.9 89.8 Prime
11 Daily 40.8 78.5 Domestic
12 Minimal risk 82.2 98.2 Fed funds
13 Low risk 55.5 73.8 Domestic
14 Moderate risk 44.7 73.2 Domestic
15 Other 4.7 59.2 Fed funds
16 2 to 30 days 38.3 94.3 Foreign
17 Minimal risk 18.4 99.1 Fed funds
18 Low risk 38.3 92.5 Foreign
19 Moderate risk 45.1 94.0 Foreign
20 Other 38.1 95.9 Foreign
21 31 to 365 days 23.9 80.0 Foreign
22 Minimal risk 38.9 84.7 Other
23 Low risk 20.5 72.6 Foreign
24 Moderate risk 32.0 79.8 Foreign
25 Other 21.0 91.4 Foreign
26 More than 365 days 15.5 53.1 Other
27 Minimal risk 1.3 87.8 Domestic
28 Low risk 7.1 60.0 Other
29 Moderate risk 2.3 27.2 Prime
30 Other 73.2 86.7 Other
SIZE OF LOAN
(thousands of dollars)
31 1-99 3.6 78.2 Prime
32 100-999 7.4 85.4 Prime
33 1,000-9,999 22.9 83.1 Prime
34 10,000 or more 36.4 73.4 Domestic
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 2.8 75.6 206
36 Fed funds 27.2 55.1 6,380
37 Other domestic 65.4 86.3 3,803
38 Foreign 39.4 87.7 2,084
39 Other 15.6 85.6 335
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 7.68 60,966 853
2 Minimal risk 6.54 5,206 4,844
3 Low risk 6.81 11,136 3,018
4 Moderate risk 7.69 25,109 1,020
5 Other 8.67 9,957 414
By maturity/repricing
interval(6)
6 Zero interval 8.48 16,094 673
7 Minimal risk 7.94 500 1,759
8 Low risk 8.18 1,607 1,583
9 Moderate risk 8.35 6,437 615
10 Other 9.09 2,409 239
11 Daily 7.12 23,127 743
12 Minimal risk 6.28 3,241 10,561
13 Low risk 6.49 5,445 4,007
14 Moderate risk 7.14 8,319 949
15 Other 7.90 2,878 464
16 2 to 30 days 7.62 13,398 1,442
17 Minimal risk 6.23 910 7,691
18 Low risk 6.68 2,425 3,316
19 Moderate risk 7.45 6,361 2,154
20 Other 9.09 3,256 662
21 31 to 365 days 7.49 5,743 1,685
22 Minimal risk 6.66 201 1,003
23 Low risk 6.71 1,490 3,883
24 Moderate risk 7.55 2,322 2,454
25 Other 8.56 1,225 845
26 More than 365 days 8.62 2,266 1,332
27 Minimal risk 7.66 326 2,335
28 Low risk 6.79 156 1,552
29 Moderate risk 9.14 1,472 2,631
30 Other 8.61 119 210
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 9.51 1,253 3.5
32 100-999 8.90 6,520 3.4
33 1,000-9,999 8.01 20,616 3.0
34 10,000 or more 7.16 32,576 2.6
BASE RATE OF LOAN(4)
35 Prime(7) 9.13 17,049 3.1
36 Fed funds 6.44 9,615 2.4
37 Other domestic 6.66 11,293 2.4
38 Foreign 7.80 13,291 3.0
39 Other 7.41 9,717 3.0
Amount of loans (percent)
Weighted-
average
maturity(3)
Item
Secured by
collateral Callable
Days
LOAN RISK(5)
1 All commercial and
industrial loans 564 40.0 13.0
2 Minimal risk 346 33.4 18.1
3 Low risk 498 17.7 20.2
4 Moderate risk 672 42.0 10.6
5 Other 594 57.5 10.6
By maturity/repricing
interval(6)
6 Zero interval 424 49.0 8.1
7 Minimal risk 574 41.6 31.8
8 Low risk 400 19.4 5.7
9 Moderate risk 412 59.8 7.7
10 Other 561 69.3 21.2
11 Daily 375 34.3 19.3
12 Minimal risk 272 45.2 12.8
13 Low risk 416 14.4 28.4
14 Moderate risk 409 28.9 16.9
15 Other 190 44.7 8.9
16 2 to 30 days 736 32.0 5.0
17 Minimal risk 248 1.2 1.3
18 Low risk 577 15.5 6.6
19 Moderate risk 861 29.7 4.0
20 Other 789 57.4 5.6
21 31 to 365 days 901 42.6 13.2
22 Minimal risk 401 12.8 6.1
23 Low risk 642 31.5 27.2
24 Moderate risk 1,163 40.9 13.2
25 Other 934 61.5 1.7
Months
26 More than 365 days 46 72.7 16.4
27 Minimal risk 34 .3 96.3
28 Low risk 46 10.5 22.1
29 Moderate risk 50 93.4 .4
30 Other 47 71.8 14.3
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 40 87.4 36.2
32 100-999 40 73.3 18.8
33 1,000-9,999 47 45.4 9.3
34 10,000 or more 81 28.2 13.2
BASE RATE OF LOAN(4)
35 Prime(7) 126 72.8 13.5
36 Fed funds 4 38.8 20.1
37 Other domestic 40 7.4 24.0
38 Foreign 47 36.0 4.5
39 Other 69 27.2 3.6
Amount of loans (percent)
Most
common
Item base pricing
Subject to Made under rate(4)
prepayment commitment
penalty
LOAN RISK(5)
1 All commercial and
industrial loans 28.3 78.0 Prime
2 Minimal risk 59.7 98.9 Fed funds
3 Low risk 41.6 81.2 Domestic
4 Moderate risk 30.5 82.8 Prime
5 Other 16.7 82.3 Prime
By maturity/repricing
interval(6)
6 Zero interval 3.8 67.6 Prime
7 Minimal risk 25.1 100.0 Prime
8 Low risk 13.3 98.3 Prime
9 Moderate risk 1.1 99.1 Prime
10 Other 2.3 88.4 Prime
11 Daily 42.5 77.9 Domestic
12 Minimal risk 83.2 98.3 Fed funds
13 Low risk 56.5 73.4 Domestic
14 Moderate risk 47.0 72.4 Domestic
15 Other 4.7 57.2 Fed funds
16 2 to 30 days 39.3 94.0 Foreign
17 Minimal risk 18.2 99.9 Fed funds
18 Low risk 40.9 92.1 Foreign
19 Moderate risk 44.9 93.5 Foreign
20 Other 38.4 96.3 Foreign
21 31 to 365 days 25.0 81.7 Foreign
22 Minimal risk 57.6 99.8 Foreign
23 Low risk 21.6 72.2 Foreign
24 Moderate risk 33.3 82.4 Foreign
25 Other 18.3 92.6 Foreign
26 More than 365 days 4.6 47.8 Prime
27 Minimal risk 1.5 99.8 Domestic
28 Low risk 16.7 92.9 Other
29 Moderate risk 2.4 23.5 Prime
30 Other 31.4 68.2 Other
SIZE OF LOAN
(thousands of dollars)
31 1-99 6.1 86.0 Prime
32 100-999 8.2 88.7 Prime
33 1,000-9,999 22.9 82.2 Prime
34 10,000 or more 36.4 73.0 Domestic
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 3.3 73.7 301
36 Fed funds 28.2 52.7 9,393
37 Other domestic 65.8 86.9 9,205
38 Foreign 38.4 86.9 2,499
39 Other 13.9 88.3 1,324
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 8.93 8,969 109
2 Minimal risk 7.60 399 109
3 Low risk 8.72 1,235 124
4 Moderate risk 8.72 3,213 117
5 Other 9.49 2,573 133
By maturity/repricing
interval(6)
6 Zero interval 9.45 3,156 101
7 Minimal risk 8.37 60 62
8 Low risk 8.80 520 169
9 Moderate risk 9.17 1,144 96
10 Other 10.02 1,154 107
11 Daily 9.26 1,051 130
12 Minimal risk 9.45 40 137
13 Low risk 9.29 100 301
14 Moderate risk 9.10 500 146
15 Other 9.77 168 78
16 2 to 30 days 7.92 1,395 199
17 Minimal risk 7.50 27 52
18 Low risk 8.43 169 223
19 Moderate risk 7.53 686 245
20 Other 8.62 218 116
21 31 to 365 days 8.35 1,166 61
22 Minimal risk 6.81 218 184
23 Low risk 8.50 207 67
24 Moderate risk 9.00 280 59
25 Other 8.76 221 117
26 More than 365 days 9.06 1,745 115
27 Minimal risk 8.74 49 73
28 Low risk 8.70 232 86
29 Moderate risk 9.24 355 92
30 Other 9.12 620 271
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 9.77 1,489 3.1
32 100-999 9.15 3,256 3.0
33 1,000-9,999 8.54 3,645 3.3
34 10,000 or more 7.88 579 2.9
BASE RATE OF LOAN(4)
35 Prime(7) 9.58 4,677 3.3
36 Fed funds 7.88 516 2.8
37 Other domestic 9.24 83 2.3
38 Foreign 7.48 1,148 3.2
39 Other 8.57 2,544 3.0
Amount of loans (percent)
Weighted-
average
maturity(3)
Item
Secured by
collateral Callable
Days
LOAN RISK(5)
1 All commercial and
industrial loans 878 78.8 35.7
2 Minimal risk 707 54.4 9.8
3 Low risk 1,082 76.8 39.0
4 Moderate risk 824 74.1 27.9
5 Other 1,055 93.3 52.2
By maturity/repricing
interval(6)
6 Zero interval 616 80.8 50.0
7 Minimal risk 446 63.9 26.9
8 Low risk 1,206 73.8 47.7
9 Moderate risk 632 77.4 45.8
10 Other 388 92.0 61.5
11 Daily 836 84.7 20.8
12 Minimal risk 273 96.2 22.0
13 Low risk 961 62.5 1.8
14 Moderate risk 1,166 88.2 24.4
15 Other 454 92.6 25.6
16 2 to 30 days 256 55.9 35.0
17 Minimal risk 359 94.6 15.2
18 Low risk 84 84.4 81.7
19 Moderate risk 284 38.3 20.1
20 Other 498 85.8 19.8
21 31 to 365 days 521 64.3 9.6
22 Minimal risk 682 31.0 2.0
23 Low risk 317 65.7 29.6
24 Moderate risk 348 80.2 6.5
25 Other 1,172 87.1 2.8
Months
26 More than 365 days 61 96.2 39.8
27 Minimal risk 53 85.9 .3
28 Low risk 71 94.6 12.7
29 Moderate risk 69 98.3 9.8
30 Other 62 99.1 81.6
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 260 84.6 24.4
32 100-999 412 84.7 23.1
33 1,000-9,999 465 73.3 52.9
34 10,000 or more 171 65.7 27.4
BASE RATE OF LOAN(4)
35 Prime(7) 149 85.2 42.1
36 Fed funds 182 85.2 75.0
37 Other domestic 560 93.1 11.4
38 Foreign 151 41.9 8.2
39 Other 1,037 82.1 29.2
Amount of loans (percent)
Most
common
Item base pricing
Subject to Made under rate(4)
prepayment commitment
penalty
LOAN RISK(5)
1 All commercial and
industrial loans 13.8 82.7 Prime
2 Minimal risk 15.0 66.3 Other
3 Low risk 4.5 75.5 Prime
4 Moderate risk 13.7 83.2 Prime
5 Other 26.0 91.7 Prime
By maturity/repricing
interval(6)
6 Zero interval 2.1 88.3 Prime
7 Minimal risk 3.7 76.5 Prime
8 Low risk 5.2 80.2 Prime
9 Moderate risk 2.3 88.7 Prime
10 Other 1.0 92.7 Prime
11 Daily 3.0 91.0 Prime
12 Minimal risk * 88.8 Prime
13 Low risk * 97.3 Prime
14 Moderate risk 5.0 86.8 Prime
15 Other 3.5 92.7 Prime
16 2 to 30 days 28.9 96.9 Foreign
17 Minimal risk 25.3 72.2 Other
18 Low risk .1 98.0 Fed funds
19 Moderate risk 47.0 99.1 Foreign
20 Other 32.9 89.8 Foreign
21 31 to 365 days 18.7 71.6 Other
22 Minimal risk 23.4 70.8 Other
23 Low risk 12.7 76.0 Prime
24 Moderate risk 21.4 58.1 Other
25 Other 34.8 84.5 Foreign
26 More than 365 days 29.6 60.0 Other
27 Minimal risk * 8.0 Prime
28 Low risk .7 38.0 Prime
29 Moderate risk 2.1 42.5 Other
30 Other 81.1 90.3 Other
SIZE OF LOAN
(thousands of dollars)
31 1-99 1.5 71.7 Prime
32 100-999 5.6 78.6 Prime
33 1,000-9,999 22.4 88.0 Prime
34 10,000 or more 36.8 100.0 Foreign
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) .8 82.7 96
36 Fed funds 9.2 99.1 914
37 Other domestic 1.5 16.9 47
38 Foreign 51.8 96.5 713
39 Other 21.9 75.2 87
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 6.84 47,926 5,620
2 Minimal risk 6.39 11,139 7,864
3 Low risk 6.69 8,659 8,737
4 Moderate risk 6.78 9,788 4,414
5 Other 7.55 10,846 3,897
By maturity/repricing
interval(6)
6 Zero interval 8.89 504 770
7 Minimal risk * * *
8 Low risk * * *
9 Moderate risk 9.75 91 343
10 Other 8.70 410 1,082
11 Daily 6.56 30,550 13,887
12 Minimal risk 6.11 8,923 57,328
13 Low risk 6.66 6,359 18,953
14 Moderate risk 6.57 5,811 10,338
15 Other 7.27 3,821 7,081
16 2 to 30 days 7.10 10,621 3,511
17 Minimal risk 7.22 1,701 2,732
18 Low risk 6.53 1,768 4,647
19 Moderate risk 6.92 2,835 3,346
20 Other 7.50 3,527 3,628
21 31 to 365 days 7.71 5,497 2,261
22 Minimal risk 8.48 514 805
23 Low risk 7.52 528 1,997
24 Moderate risk 7.30 1,051 1,935
25 Other 7.80 3,086 3,478
26 More than 365 days * * *
27 Minimal risk * * *
28 Low risk * * *
29 Moderate risk * * *
30 Other * * *
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 8.86 40 2.9
32 100-999 8.15 1,393 3.0
33 1,000-9,999 7.28 11,400 2.9
34 10,000 or more 6.64 35,093 2.4
BASE RATE OF LOAN(4)
35 Prime(7) 9.74 1,886 3.3
36 Fed funds 6.70 21,532 3.1
37 Other domestic 6.99 2,290 2.8
38 Foreign 6.68 20,977 2.0
39 Other 7.30 1,241 3.9
Amount of loans (percent)
Weighted-
average
maturity(3)
Item
Secured by
collateral Callable
Days
LOAN RISK(5)
1 All commercial and
industrial loans 68 42.0 3.7
2 Minimal risk 143 92.6 1.2
3 Low risk 42 10.2 1.1
4 Moderate risk 31 20.4 3.1
5 Other 84 15.3 3.8
By maturity/repricing
interval(6)
6 Zero interval 1,051 72.2 .8
7 Minimal risk * * *
8 Low risk * * *
9 Moderate risk 626 45.0 1.4
10 Other 1,180 78.1 *
11 Daily 11 48.0 1.5
12 Minimal risk 1 99.2 *
13 Low risk 40 10.5 1.4
14 Moderate risk 1 16.2 1.6
15 Other 15 15.2 6.1
16 2 to 30 days 135 26.6 1.7
17 Minimal risk 640 62.3 *
18 Low risk 27 6.5 *
19 Moderate risk 42 24.9 4.7
20 Other 46 10.7 1.3
21 31 to 365 days 195 27.5 6.3
22 Minimal risk 1,272 78.0 26.7
23 Low risk 119 19.5 0.4
24 Moderate risk 127 28.7 7.2
25 Other 105 12.5 4.3
Months
26 More than 365 days * * *
27 Minimal risk * * *
28 Low risk * * *
29 Moderate risk * * *
30 Other * * *
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 39 45.4 28.6
32 100-999 37 49.1 14.4
33 1,000-9,999 26 33.7 7.5
34 10,000 or more 9 44.4 2.0
BASE RATE OF LOAN(4)
35 Prime(7) 25 52.9 53.6
36 Fed funds 6 24.0 2.4
37 Other domestic 4 18.3 2.6
38 Foreign 21 60.2 .8
39 Other 33 73.1 .0
Amount of loans (percent)
Most
common
Item base pricing
Subject to Made under rate(4)
prepayment commitment
penalty
LOAN RISK(5)
1 All commercial and
industrial loans 41.3 66.9 Fed funds
2 Minimal risk 95.1 99.9 Foreign
3 Low risk 30.4 53.0 Fed funds
4 Moderate risk 21.2 58.8 Fed funds
5 Other 15.0 53.1 Fed funds
By maturity/repricing
interval(6)
6 Zero interval 4.6 74.9 Prime
7 Minimal risk * * *
8 Low risk * * *
9 Moderate risk 25.4 98.6 Prime
10 Other .1 70.1 Prime
11 Daily 42.3 62.5 Fed funds
12 Minimal risk 99.2 100.0 Foreign
13 Low risk 25.1 39.7 Fed funds
14 Moderate risk 4.1 53.6 Fed funds
15 Other 3.2 28.3 Fed funds
16 2 to 30 days 45.1 70.0 Foreign
17 Minimal risk 82.2 100.0 Foreign
18 Low risk 48.9 88.3 Foreign
19 Moderate risk 48.4 61.3 Foreign
20 Other 12.2 59.3 Foreign
21 31 to 365 days 37.7 80.4 Foreign
22 Minimal risk 66.4 98.0 Foreign
23 Low risk 32.5 94.9 Foreign
24 Moderate risk 41.9 77.6 Foreign
25 Other 34.7 74.4 Foreign
26 More than 365 days * * *
27 Minimal risk * * *
28 Low risk * * *
29 Moderate risk * * *
30 Other * * *
SIZE OF LOAN
(thousands of dollars)
31 1-99 21.4 87.6 Prime
32 100-999 38.4 90.9 Foreign
33 1,000-9,999 35.5 76.7 Foreign
34 10,000 or more 43.4 62.8 Fed funds
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 3.4 99.0 891
36 Fed funds 13.5 41.7 10,659
37 Other domestic 96.6 * 6,216
38 Foreign 69.7 99.2 5,605
39 Other .2 33.6 4,431
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 fifty 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 0.16 percentage point. The chances are about two out
of three that the average rate shown would differ by less
than this amount from the average rate that would be found by a
complete survey of the universe of all banks.
(3.) Average maturities are weighted by loan amount and exclude
loans with no stated maturities.
(4.) The most common base pricing rate is that used to price the
largest dollar volume of loans. Base pricing rates include the
prime rate (sometimes referred to as a bank's "base" or
"reference" rate); the federal funds rate; domestic money market
rates other than the prime rate and the federal funds rate;
foreign money market rates; and other base rates not included
in the foregoing classifications.
(5.) A complete description of these risk categories is available
from the Banking Analysis Section, Mail Stop 81, Board of Governors
of the Federal Reserve System, Washington, DC 20551. The category
"Moderate risk" includes the average loan, under average economic
conditions, at the typical lender. The category "Other" includes
loans rated "acceptable" as well as special mention or classified
loans. The weighted-average risk ratings published for
loans in rows 31-39 are calculated by assigning a value of "1" to
minimal risk loans; "2" to low risk loans; "3" to moderate risk
loans, "4" to acceptable risk loans; and "5" to special
mention and classified loans. These values are weighted by loan
amount and exclude loans with no risk rating. Some of the loans
in lines 1, 6, 11, 16, 21, 26, and 31-39 are not rated for
risk.
(6.) The maturity/repricing interval measures the period from the date
the loan is made until it first may reprice or it matures. For
floating-rate loans that are subject to repricing at any
time--such as many prime-based loans--the maturity/repricing
interval is zero. For floating-rate loans that have a scheduled
repricing interval, the maturity/repricing interval measures
the number of days between the date the loan is made and the date
on which it is next scheduled to reprice. For loans having rates
that remain fixed until the loan matures (fixed-rate loans),
the maturity/repricing interval measures the number of days between
the date the loan is made and the date on which it matures. Loans
that reprice daily mature or reprice on the business day after they
are made. Owing to weekends and holidays, such loans may have
maturity/repricing intervals in excess of one day;
such loans are not included in the "2 to 30 day" category.
(7.) For the current survey, the average reported prime rate,
weighted by the amount of loans priced relative to a prime
base rate, was 8.26 percent for all banks; 8.25 percent for
large domestic banks, 8.35 percent for small domestic banks;
and 8.19 percent for U.S. branches and agencies of foreign banks.
4.30 ASSETS AND LIABILITIES of U.S. Branches and Agencies of Foreign
Banks, December 31, 1999(1)
Millions of dollars except as noted
All states(2)
Total
including IBFs
Item IBFs(3) only(3)
1 Total assets(4) 903,486 154,617
2 Claims on nonrelated parties 734,730 78,459
3 Cash and balances due from depository
institutions 97,525 36,588
4 Cash items in process of collection and
unposted debits 2,591 0
5 Currency and coin (U.S. and foreign) 33 n.a.
6 Balances with depository institutions in
United States 68,233 15,002
7 U.S. branches and agencies of other
foreign banks (including IBFs) 55,052 13,582
8 Other depository institutions in United
States (including IBFs) 13,181 1,420
9 Balances with banks in foreign countries
and with foreign central banks 25,492 21,586
10 Foreign branches of U.S. banks 1,326 1,223
11 Banks in home country and home-country
central banks 6,113 5,210
12 All other banks in foreign countries and
foreign central banks 18,053 15,153
13 Balances with Federal Reserve Banks 1,176 n.a.
14 Total securities and loans 444,190 37,471
15 Total securities, book value 120,308 4,712
16 U.S. Treasury 24,854 n.a.
17 Obligations of U.S. government agencies and
corporations 48,851 n.a.
18 Other bonds, notes, debentures, and
corporate stock (including state and
local securities) 46,603 4,712
19 Securities of foreign governmental units 11,079 2,634
20 All Other 35,523 2,078
21 Federal funds sold and securities purchased
under agreements to resell 63,811 2,328
22 U.S. branches and agencies of other foreign
banks 7,134 1,494
23 Commercial banks in United States 11,719 269
24 Other 44,958 565
25 Total loans, gross 324,184 32,785
26 LESS: Unearned income on loans 301 26
27 EQUALS: Loans, net 323,882 32,759
Total loans, gross, by category
28 Real estate loans 16,433 95
29 Loans to depository institutions 24,694 15,223
30 Commercial banks in United States
(including IBFs) 6,589 2,939
31 U.S. branches and agencies of other
foreign banks 5,214 2,700
32 Other commercial banks in United States 1,375 239
33 Other depository institutions in United
States (including IBFs) 15 0
34 Banks in foreign countries 18,090 12,284
35 Foreign branches of U.S. banks 991 373
36 Other banks in foreign countries 17,099 11,911
37 Loans to other financial institutions 53,375 1,208
38 Commercial and industrial loans 205,030 13,746
39 U.S. addressees (domicile) 166,312 223
40 Non-U.S. addressees (domicile) 38,718 13,523
41 Acceptances of other banks 641 5
42 U.S. banks 11 0
43 Foreign banks 630 5
44 Loans to foreign governments and official
institutions (including foreign
central banks) 3,711 2,389
45 Loans for purchasing or carrying securities
(secured and unsecured) 12,865 20
46 All other loans 6,656 99
47 Lease financing receivables (net of unearned
income) 778 0
48 U.S. addressees (domicile) 778 0
49 Non-U.S. addressees (domicile) 0 0
50 Trading assets 90,442 790
51 All other assets 38,762 1,282
52 Customers' liabilities on acceptances
outstanding 1,467 n.a.
53 U.S. addressees (domicile) 838 n.a.
54 Non-U.S. addressees (domicile) 630 n.a.
55 Other assets including other claims on
nonrelated parties 37,295 1,282
56 Net due from related depository
institutions(5) 168,756 76,158
57 Net due from head office and other related
depository institutions(5) 168,756 n.a.
58 Net due from establishing entity, head
office, and other related depository
institutions(5) n.a. 76,158
59 Total liabilities(4) 903,486 154,617
60 Liabilities to nonrelated parties 753,176 134,190
New York
Total
including IBFs
Item IBFs only
1 Total assets(4) 723,502 128,120
2 Claims on nonrelated parties 582,994 69,038
3 Cash and balances due from depository
institutions 94,309 35,701
4 Cash items in process of collection and
unposted debits 2,537 0
5 Currency and coin (U.S. and foreign) 24 n.a.
6 Balances with depository institutions in
United States 65,924 14,713
7 U.S. branches and agencies of other
foreign banks (including IBFs) 53,338 13,323
8 Other depository institutions in United
States (including IBFs) 12,586 1,390
9 Balances with banks in foreign countries
and with foreign central banks 24,797 20,988
10 Foreign branches of U.S. banks 1,298 1,198
11 Banks in home country and home-country
central banks 6,090 5,192
12 All other banks in foreign countries and
foreign central banks 17,409 14,598
13 Balances with Federal Reserve Banks 1,027 n.a.
14 Total securities and loans 343,318 29,164
15 Total securities, book value 109,209 4,115
16 U.S. Treasury 21,163 n.a.
17 Obligations of U.S. government agencies and
corporations 46,278 n.a.
18 Other bonds, notes, debentures, and
corporate stock (including state and
local securities) 41,768 4,115
19 Securities of foreign governmental units 10,725 2,466
20 All Other 31,043 1,649
21 Federal funds sold and securities purchased
under agreements to resell 55,919 2,303
22 U.S. branches and agencies of other foreign
banks 6,904 1,474
23 Commercial banks in United States 11,157 264
24 Other 37,858 565
25 Total loans, gross 234,317 25,073
26 LESS: Unearned income on loans 208 23
27 EQUALS: Loans, net 234,109 25,049
Total loans, gross, by category
28 Real estate loans 11,009 93
29 Loans to depository institutions 16,399 9,814
30 Commercial banks in United States
(including IBFs) 4,998 2,275
31 U.S. branches and agencies of other
foreign banks 3,760 2,073
32 Other commercial banks in United States 1,238 202
33 Other depository institutions in United
States (including IBFs) 0 0
34 Banks in foreign countries 11,400 7,539
35 Foreign branches of U.S. banks 960 346
36 Other banks in foreign countries 10,440 7,194
37 Loans to other financial institutions 41,545 898
38 Commercial and industrial loans 144,190 11,921
39 U.S. addressees (domicile) 115,762 223
40 Non-U.S. addressees (domicile) 28,427 11,698
41 Acceptances of other banks 102 5
42 U.S. banks 7 0
43 Foreign banks 95 5
44 Loans to foreign governments and official
institutions (including foreign
central banks) 3,091 2,238
45 Loans for purchasing or carrying securities
(secured and unsecured) 12,095 20
46 All other loans 5,664 85
47 Lease financing receivables (net of unearned
income) 223 0
48 U.S. addressees (domicile) 223 0
49 Non-U.S. addressees (domicile) 0 0
50 Trading assets 57,042 787
51 All other assets 32,406 1,082
52 Customers' liabilities on acceptances
outstanding 1,026 n.a.
53 U.S. addressees (domicile) 644 n.a.
54 Non-U.S. addressees (domicile) 382 n.a.
55 Other assets including other claims on
nonrelated parties 31,380 1,082
56 Net due from related depository
institutions(5) 140,509 59,082
57 Net due from head office and other related
depository institutions(5) 140,509 n.a.
58 Net due from establishing entity, head
office, and other related depository
institutions(5) n.a. 59,082
59 Total liabilities(4) 723,502 128,120
60 Liabilities to nonrelated parties 617,267 109,749
California
Total
including IBFs
Item IBFs only
1 Total assets(4) 29,254 6,841
2 Claims on nonrelated parties 27,803 2,430
3 Cash and balances due from depository
institutions 870 233
4 Cash items in process of collection and
unposted debits 7 0
5 Currency and coin (U.S. and foreign) 1 n.a.
6 Balances with depository institutions in
United States 721 140
7 U.S. branches and agencies of other
foreign banks (including IBFs) 399 140
8 Other depository institutions in United
States (including IBFs) 323 0
9 Balances with banks in foreign countries
and with foreign central banks 104 93
10 Foreign branches of U.S. banks 0 0
11 Banks in home country and home-country
central banks 18 18
12 All other banks in foreign countries and
foreign central banks 86 75
13 Balances with Federal Reserve Banks 37 n.a.
14 Total securities and loans 26,037 2,136
15 Total securities, book value 1,314 486
16 U.S. Treasury 66 n.a.
17 Obligations of U.S. government agencies and
corporations 228 n.a.
18 Other bonds, notes, debentures, and
corporate stock (including state and
local securities) 1,020 486
19 Securities of foreign governmental units 277 128
20 All Other 742 357
21 Federal funds sold and securities purchased
under agreements to resell 274 2
22 U.S. branches and agencies of other foreign
banks 112 2
23 Commercial banks in United States 162 0
24 Other 0 0
25 Total loans, gross 24,762 1,652
26 LESS: Unearned income on loans 39 1
27 EQUALS: Loans, net 24,723 1,651
Total loans, gross, by category
28 Real estate loans 3,194 0
29 Loans to depository institutions 1,915 1,338
30 Commercial banks in United States
(including IBFs) 1,096 555
31 U.S. branches and agencies of other
foreign banks 1,060 532
32 Other commercial banks in United States 36 23
33 Other depository institutions in United
States (including IBFs) 0 0
34 Banks in foreign countries 820 783
35 Foreign branches of U.S. banks 3 0
36 Other banks in foreign countries 817 783
37 Loans to other financial institutions 1,179 50
38 Commercial and industrial loans 18,187 240
39 U.S. addressees (domicile) 16,645 0
40 Non-U.S. addressees (domicile) 1,542 240
41 Acceptances of other banks 14 0
42 U.S. banks 3 0
43 Foreign banks 11 0
44 Loans to foreign governments and official
institutions (including foreign
central banks) 154 24
45 Loans for purchasing or carrying securities
(secured and unsecured) 35 0
46 All other loans 84 0
47 Lease financing receivables (net of unearned
income) 0 0
48 U.S. addressees (domicile) 0 0
49 Non-U.S. addressees (domicile) 0 0
50 Trading assets 71 2
51 All other assets 551 56
52 Customers' liabilities on acceptances
outstanding 181 n.a.
53 U.S. addressees (domicile) 179 n.a.
54 Non-U.S. addressees (domicile) 1 n.a.
55 Other assets including other claims on
nonrelated parties 370 56
56 Net due from related depository
institutions(5) 1,450 4,412
57 Net due from head office and other related
depository institutions(5) 1,450 n.a.
58 Net due from establishing entity, head
office, and other related depository
institutions(5) n.a. 4,412
59 Total liabilities(4) 29,254 6,841
60 Liabilities to nonrelated parties 13,214 6,713
Illinois
Total
including IBFs
Item IBFs only
1 Total assets(4) 55,115 5,412
2 Claims on nonrelated parties 53,125 1,017
3 Cash and balances due from depository
institutions 1,257 443
4 Cash items in process of collection and
unposted debits 17 0
5 Currency and coin (U.S. and foreign) 1 n.a.
6 Balances with depository institutions in
United States 767 30
7 U.S. branches and agencies of other
foreign banks (including IBFs) 731 30
8 Other depository institutions in United
States (including IBFs) 36 0
9 Balances with banks in foreign countries
and with foreign central banks 425 413
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 424 413
13 Balances with Federal Reserve Banks 48 n.a.
14 Total securities and loans 35,324 534
15 Total securities, book value 8,599 79
16 U.S. Treasury 3,613 n.a.
17 Obligations of U.S. government agencies and
corporations 1,940 n.a.
18 Other bonds, notes, debentures, and
corporate stock (including state and
local securities) 3,047 79
19 Securities of foreign governmental units 29 29
20 All Other 3,018 50
21 Federal funds sold and securities purchased
under agreements to resell 7,092 0
22 U.S. branches and agencies of other foreign
banks 0 0
23 Commercial banks in United States 1 0
24 Other 7,091 0
25 Total loans, gross 26,745 455
26 LESS: Unearned income on loans 20 0
27 EQUALS: Loans, net 26,725 455
Total loans, gross, by category
28 Real estate loans 446 0
29 Loans to depository institutions 1,172 397
30 Commercial banks in United States
(including IBFs) 65 25
31 U.S. branches and agencies of other
foreign banks 55 15
32 Other commercial banks in United States 11 10
33 Other depository institutions in United
States (including IBFs) 0 0
34 Banks in foreign countries 1,107 372
35 Foreign branches of U.S. banks 0 0
36 Other banks in foreign countries 1,107 372
37 Loans to other financial institutions 3,950 5
38 Commercial and industrial loans 19,490 49
39 U.S. addressees (domicile) 17,546 0
40 Non-U.S. addressees (domicile) 1,944 49
41 Acceptances of other banks 522 0
42 U.S. banks 0 0
43 Foreign banks 522 0
44 Loans to foreign governments and official
institutions (including foreign
central banks) 107 4
45 Loans for purchasing or carrying securities
(secured and unsecured) 1 0
46 All other loans 503 0
47 Lease financing receivables (net of unearned
income) 555 0
48 U.S. addressees (domicile) 555 0
49 Non-U.S. addressees (domicile) 0 0
50 Trading assets 5,755 0
51 All other assets 3,696 40
52 Customers' liabilities on acceptances
outstanding 216 n.a.
53 U.S. addressees (domicile) 10 n.a.
54 Non-U.S. addressees (domicile) 206 n.a.
55 Other assets including other claims on
nonrelated parties 3,480 40
56 Net due from related depository
institutions(5) 1,991 4,395
57 Net due from head office and other related
depository institutions(5) 1,991 n.a.
58 Net due from establishing entity, head
office, and other related depository
institutions(5) n.a. 4,395
59 Total liabilities(4) 55,115 5,412
60 Liabilities to nonrelated parties 45,272 5,297
All states(2)
Total
excluding IBFs
IBFs(3) only(3)
61 Total deposits and credit balances 380,028 96,135
62 Individuals, partnerships, and corporations 278,633 11,505
63 U.S. addressees (domicile) 261,289 0
64 Non-U.S. addressees (domicile) 17,345 11,505
65 Commercial banks in United States
(including IBFs) 52,163 13,419
66 U.S. branches and agencies of other
foreign banks 23,480 10,724
67 Other commercial banks in United States 28,683 2,694
68 Banks in foreign countries 11,973 50,452
69 Foreign branches of U.S. banks 1,266 4,433
70 Other banks in foreign countries 10,707 46,019
71 Foreign governments and official
institutions (including foreign
central banks) 18,213 20,651
72 All other deposits and credit balances 18,860 108
73 Certified and official checks 185 n.a.
74 Transaction accounts and credit balances
(excluding IBFs) 9,107 n.a.
75 Individuals, partnerships, and corporations 7,261 n.a.
76 U.S. addressees (domicile) 5,255 n.a.
77 Non-U.S. addressees (domicile) 2,005 n.a.
78 Commercial banks in United States
(including IBFs) 53 n.a.
79 U.S. branches and agencies of other
foreign banks 16 n.a.
80 Other commercial banks in United States 36 n.a.
81 Banks in foreign countries 1,044 n.a.
82 Foreign branches of U.S. banks 2 n.a.
83 Other banks in foreign countries 1,042 n.a.
84 Foreign governments and official
institutions (including foreign
central banks) 491 n.a.
85 All other deposits and credit balances 74 n.a.
86 Certified and official checks 185 n.a.
87 Demand deposits (included in transaction
accounts and credit balances) 8,369 n.a.
88 Individuals, partnerships, and corporations 6,594 n.a.
89 U.S. addressees (domicile) 4,873 n.a.
90 Non-U.S. addressees (domicile) 1,721 n.a.
91 Commercial banks in United States
(including IBFs) 49 n.a.
92 U.S. branches and agencies of other
foreign banks 16 n.a.
93 Other commercial banks in United States 33 n.a.
94 Banks in foreign countries 1,015 n.a.
95 Foreign branches of U.S. banks 2 n.a.
96 Other banks in foreign countries 1,013 n.a.
97 Foreign governments and official
institutions (including foreign
central banks) 485 n.a.
98 All other deposits and credit balances 41 n.a.
99 Certified and official checks 185 n.a.
100 Nontransaction accounts (including MMDAs,
excluding IBFs) 370,920 n.a.
101 Individuals, partnerships, and corporations 271,373 n.a.
102 U.S. addressees (domicile) 256,033 n.a.
103 Non-U.S. addressees (domicile) 15,339 n.a.
104 Commercial banks in United States
(including IBFs) 52,110 n.a.
105 U.S. branches and agencies of other
foreign banks 23,463 n.a.
106 Other commercial banks in United States 28,647 n.a.
107 Banks in foreign countries 10,929 n.a.
108 Foreign branches of U.S. banks 1,264 n.a.
109 Other banks in foreign countries 9,665 n.a.
110 Foreign governments and official
institutions (including foreign
central banks) 17,723 n.a.
111 All other deposits and credit balances 18,786 n.a.
112 IBF deposit liabilities n.a. 96,135
113 Individuals, partnerships, and corporations n.a. 11,505
114 U.S. addressees (domicile) n.a. 0
115 Non-U.S. addressees (domicile) n.a. 11,505
116 Commercial banks in United States
(including IBFs) n.a. 13,419
117 U.S. branches and agencies of other
foreign banks n.a. 10,724
118 Other commercial banks in United States n.a. 2,694
119 Banks in foreign countries n.a. 50,452
120 Foreign branches of U.S. banks n.a. 4,433
121 Other banks in foreign countries n.a. 46,019
122 Foreign governments and official
institutions (including foreign
central banks) n.a. 20,651
123 All other deposits and credit balances n.a. 108
New York
Total
excluding IBFs
IBFs only
61 Total deposits and credit balances 307,380 81,081
62 Individuals, partnerships, and corporations 216,094 6,214
63 U.S. addressees (domicile) 204,547 0
64 Non-U.S. addressees (domicile) 11,547 6,214
65 Commercial banks in United States
(including IBFs) 46,877 12,673
66 U.S. branches and agencies of other
foreign banks 21,377 10,197
67 Other commercial banks in United States 25,500 2,476
68 Banks in foreign countries 11,516 45,833
69 Foreign branches of U.S. banks 1,265 4,158
70 Other banks in foreign countries 10,251 41,674
71 Foreign governments and official
institutions (including foreign
central banks) 16,153 16,271
72 All other deposits and credit balances 16,575 91
73 Certified and official checks 164 n.a.
74 Transaction accounts and credit balances
(excluding IBFs) 7,247 n.a.
75 Individuals, partnerships, and corporations 5,695 n.a.
76 U.S. addressees (domicile) 4,585 n.a.
77 Non-U.S. addressees (domicile) 1,110 n.a.
78 Commercial banks in United States
(including IBFs) 43 n.a.
79 U.S. branches and agencies of other
foreign banks 15 n.a.
80 Other commercial banks in United States 28 n.a.
81 Banks in foreign countries 851 n.a.
82 Foreign branches of U.S. banks 1 n.a.
83 Other banks in foreign countries 850 n.a.
84 Foreign governments and official
institutions (including foreign
central banks) 428 n.a.
85 All other deposits and credit balances 65 n.a.
86 Certified and official checks 164 n.a.
87 Demand deposits (included in transaction
accounts and credit balances) 6,750 n.a.
88 Individuals, partnerships, and corporations 5,266 n.a.
89 U.S. addressees (domicile) 4,245 n.a.
90 Non-U.S. addressees (domicile) 1,021 n.a.
91 Commercial banks in United States
(including IBFs) 40 n.a.
92 U.S. branches and agencies of other
foreign banks 15 n.a.
93 Other commercial banks in United States 25 n.a.
94 Banks in foreign countries 823 n.a.
95 Foreign branches of U.S. banks 1 n.a.
96 Other banks in foreign countries 822 n.a.
97 Foreign governments and official
institutions (including foreign
central banks) 423 n.a.
98 All other deposits and credit balances 34 n.a.
99 Certified and official checks 164 n.a.
100 Nontransaction accounts (including MMDAs,
excluding IBFs) 300,132 n.a.
101 Individuals, partnerships, and corporations 210,399 n.a.
102 U.S. addressees (domicile) 199,962 n.a.
103 Non-U.S. addressees (domicile) 10,437 n.a.
104 Commercial banks in United States
(including IBFs) 46,834 n.a.
105 U.S. branches and agencies of other
foreign banks 21,362 n.a.
106 Other commercial banks in United States 25,472 n.a.
107 Banks in foreign countries 10,665 n.a.
108 Foreign branches of U.S. banks 1,264 n.a.
109 Other banks in foreign countries 9,401 n.a.
110 Foreign governments and official
institutions (including foreign
central banks) 15,724 n.a.
111 All other deposits and credit balances 16,509 n.a.
112 IBF deposit liabilities n.a. 81,081
113 Individuals, partnerships, and corporations n.a. 6,214
114 U.S. addressees (domicile) n.a. 0
115 Non-U.S. addressees (domicile) n.a. 6,214
116 Commercial banks in United States
(including IBFs) n.a. 12,673
117 U.S. branches and agencies of other
foreign banks n.a. 10,197
118 Other commercial banks in United States n.a. 2,476
119 Banks in foreign countries n.a. 45,833
120 Foreign branches of U.S. banks n.a. 4,158
121 Other banks in foreign countries n.a. 41,674
122 Foreign governments and official
institutions (including foreign
central banks) n.a. 16,271
123 All other deposits and credit balances n.a. 91
California
Total
excluding IBFs
IBFs only
61 Total deposits and credit balances 5,057 1,430
62 Individuals, partnerships, and corporations 2,626 229
63 U.S. addressees (domicile) 1,049 0
64 Non-U.S. addressees (domicile) 1,577 229
65 Commercial banks in United States
(including IBFs) 550 117
66 U.S. branches and agencies of other
foreign banks 0 92
67 Other commercial banks in United States 550 25
68 Banks in foreign countries 21 232
69 Foreign branches of U.S. banks 0 0
70 Other banks in foreign countries 21 232
71 Foreign governments and official
institutions (including foreign
central banks) 8 837
72 All other deposits and credit balances 1,848 15
73 Certified and official checks 4 n.a.
74 Transaction accounts and credit balances
(excluding IBFs) 336 n.a.
75 Individuals, partnerships, and corporations 306 n.a.
76 U.S. addressees (domicile) 198 n.a.
77 Non-U.S. addressees (domicile) 108 n.a.
78 Commercial banks in United States
(including IBFs) 0 n.a.
79 U.S. branches and agencies of other
foreign banks 0 n.a.
80 Other commercial banks in United States 0 n.a.
81 Banks in foreign countries 21 n.a.
82 Foreign branches of U.S. banks 0 n.a.
83 Other banks in foreign countries 21 n.a.
84 Foreign governments and official
institutions (including foreign
central banks) 2 n.a.
85 All other deposits and credit balances 2 n.a.
86 Certified and official checks 4 n.a.
87 Demand deposits (included in transaction
accounts and credit balances) 270 n.a.
88 Individuals, partnerships, and corporations 242 n.a.
89 U.S. addressees (domicile) 179 n.a.
90 Non-U.S. addressees (domicile) 64 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 21 n.a.
95 Foreign branches of U.S. banks 0 n.a.
96 Other banks in foreign countries 21 n.a.
97 Foreign governments and official
institutions (including foreign
central banks) 2 n.a.
98 All other deposits and credit balances 1 n.a.
99 Certified and official checks 4 n.a.
100 Nontransaction accounts (including MMDAs,
excluding IBFs) 4,721 n.a.
101 Individuals, partnerships, and corporations 2,319 n.a.
102 U.S. addressees (domicile) 851 n.a.
103 Non-U.S. addressees (domicile) 1,468 n.a.
104 Commercial banks in United States
(including IBFs) 550 n.a.
105 U.S. branches and agencies of other
foreign banks 0 n.a.
106 Other commercial banks in United States 550 n.a.
107 Banks in foreign countries 0 n.a.
108 Foreign branches of U.S. banks 0 n.a.
109 Other banks in foreign countries 0 n.a.
110 Foreign governments and official
institutions (including foreign
central banks) 7 n.a.
111 All other deposits and credit balances 1,846 n.a.
112 IBF deposit liabilities n.a. 1,430
113 Individuals, partnerships, and corporations n.a. 229
114 U.S. addressees (domicile) n.a. 0
115 Non-U.S. addressees (domicile) n.a. 229
116 Commercial banks in United States
(including IBFs) n.a. 117
117 U.S. branches and agencies of other
foreign banks n.a. 92
118 Other commercial banks in United States n.a. 25
119 Banks in foreign countries n.a. 232
120 Foreign branches of U.S. banks n.a. 0
121 Other banks in foreign countries n.a. 232
122 Foreign governments and official
institutions (including foreign
central banks) n.a. 837
123 All other deposits and credit balances n.a. 15
Illinois
Total
excluding IBFs
IBFs only
61 Total deposits and credit balances 19,469 3,459
62 Individuals, partnerships, and corporations 17,022 15
63 U.S. addressees (domicile) 16,880 0
64 Non-U.S. addressees (domicile) 141 15
65 Commercial banks in United States
(including IBFs) 969 471
66 U.S. branches and agencies of other
foreign banks 410 301
67 Other commercial banks in United States 559 170
68 Banks in foreign countries 151 1,533
69 Foreign branches of U.S. banks 0 255
70 Other banks in foreign countries 151 1,278
71 Foreign governments and official
institutions (including foreign
central banks) 1,320 1,437
72 All other deposits and credit balances 6 2
73 Certified and official checks 1 n.a.
74 Transaction accounts and credit balances
(excluding IBFs) 273 n.a.
75 Individuals, partnerships, and corporations 268 n.a.
76 U.S. addressees (domicile) 244 n.a.
77 Non-U.S. addressees (domicile) 24 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 1 n.a.
82 Foreign branches of U.S. banks 0 n.a.
83 Other banks in foreign countries 1 n.a.
84 Foreign governments and official
institutions (including foreign
central banks) 2 n.a.
85 All other deposits and credit balances 1 n.a.
86 Certified and official checks 1 n.a.
87 Demand deposits (included in transaction
accounts and credit balances) 270 n.a.
88 Individuals, partnerships, and corporations 265 n.a.
89 U.S. addressees (domicile) 241 n.a.
90 Non-U.S. addressees (domicile) 24 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 1 n.a.
95 Foreign branches of U.S. banks 0 n.a.
96 Other banks in foreign countries 1 n.a.
97 Foreign governments and official
institutions (including foreign
central banks) 2 n.a.
98 All other deposits and credit balances 1 n.a.
99 Certified and official checks 1 n.a.
100 Nontransaction accounts (including MMDAs,
excluding IBFs) 19,196 n.a.
101 Individuals, partnerships, and corporations 16,753 n.a.
102 U.S. addressees (domicile) 16,636 n.a.
103 Non-U.S. addressees (domicile) 117 n.a.
104 Commercial banks in United States
(including IBFs) 969 n.a.
105 U.S. branches and agencies of other
foreign banks 410 n.a.
106 Other commercial banks in United States 559 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) 1,318 n.a.
111 All other deposits and credit balances 5 n.a.
112 IBF deposit liabilities n.a. 3,459
113 Individuals, partnerships, and corporations n.a. 15
114 U.S. addressees (domicile) n.a. 0
115 Non-U.S. addressees (domicile) n.a. 15
116 Commercial banks in United States
(including IBFs) n.a. 471
117 U.S. branches and agencies of other
foreign banks n.a. 301
118 Other commercial banks in United States n.a. 170
119 Banks in foreign countries n.a. 1,533
120 Foreign branches of U.S. banks n.a. 255
121 Other banks in foreign countries n.a. 1,278
122 Foreign governments and official
institutions (including foreign
central banks) n.a. 1,437
123 All other deposits and credit balances n.a. 2
All states(2)
Total
including IBFs
IBFs(3) only(3)
124 Federal funds purchased and securities sold
under agreements to repurchase 106,180 9,891
125 U.S. branches and agencies of other
foreign banks 9,507 3,607
126 Other commercial banks in United States 9,015 702
127 Other 87,658 5,582
128 Other borrowed money 81,482 26,479
129 Owed to nonrelated commercial banks in
United States (including IBFs) 14,680 5,555
130 Owed to US offices of nonrelated U.S. banks 5,647 404
131 Owed to U.S. branches and agencies of
nonrelated foreign banks 9,033 5,151
132 Owed to nonrelated banks in foreign countries 20,805 17,628
133 Owed to foreign branches of nonrelated
U.S. banks 1,153 1,104
134 Owed to foreign offices of nonrelated
foreign banks 19,652 16,524
135 Owed to others 45,997 3,296
136 All other liabilities 89,352 1,685
137 Branch or agency liability on acceptances
executed and outstanding 1,875
138 Trading liabilities 56,662 128
139 Other liabilities to nonrelated parties 30,815 1,556
140 Net due to related depository institutions(5) 150,310 20,427
141 Net due to head office and other related
depository institutions(5) 150,310 n.a.
142 Net due to establishing entity, head
office, and other related depository
institutions(5) n.a. 20,427
MEMO
143 Non-interest-bearing balances with
commercial banks in United States 3,618 0
144 Holding of own acceptances included in
commercial and industrial loans 1,998 n.a.
145 Commercial and industrial loans with
remaining maturity of one year or less
(excluding those in nonaccrual status) 101,397 n.a.
146 Predetermined interest rates 59,511 n.a.
147 Floating interest rates 41,886 n.a.
148 Commercial and industrial loans with
remaining maturity of more than one year
(excluding those in nonaccrual status) 101,219 n.a.
149 Predetermined interest rates 22,989 n.a.
150 Floating interest rates 78,231 n.a.
New York
Total
including IBFs
IBFs only
124 Federal funds purchased and securities sold
under agreements to repurchase 93,553 6,790
125 U.S. branches and agencies of other
foreign banks 5,783 2,088
126 Other commercial banks in United States 6,889 524
127 Other 80,882 4,178
128 Other borrowed money 64,414 20,378
129 Owed to nonrelated commercial banks in
United States (including IBFs) 11,922 4,308
130 Owed to US offices of nonrelated U.S. banks 4,990 286
131 Owed to U.S. branches and agencies of
nonrelated foreign banks 6,932 4,023
132 Owed to nonrelated banks in foreign countries 16,461 13,335
133 Owed to foreign branches of nonrelated
U.S. banks 647 618
134 Owed to foreign offices of nonrelated
foreign banks 15,814 12,717
135 Owed to others 36,030 2,735
136 All other liabilities 70,839 1,501
137 Branch or agency liability on acceptances
executed and outstanding 1,220 n.a.
138 Trading liabilities 43,199 128
139 Other liabilities to nonrelated parties 26,419 1,373
140 Net due to related depository institutions(5) 106,236 18,371
141 Net due to head office and other related
depository institutions(5) 106,236 n.a.
142 Net due to establishing entity, head
office, and other related depository
institutions(5) n.a. 18,371
MEMO
143 Non-interest-bearing balances with
commercial banks in United States 3,428 0
144 Holding of own acceptances included in
commercial and industrial loans 1,591 n.a.
145 Commercial and industrial loans with
remaining maturity of one year or less
(excluding those in nonaccrual status) 63,377 n.a.
146 Predetermined interest rates 34,042 n.a.
147 Floating interest rates 29,334 n.a.
148 Commercial and industrial loans with
remaining maturity of more than one year
(excluding those in nonaccrual status) 78,808 n.a.
149 Predetermined interest rates 19,242 n.a.
150 Floating interest rates 59,566 n.a.
California
Total
including IBFs
IBFs only
124 Federal funds purchased and securities sold
under agreements to repurchase 373 33
125 U.S. branches and agencies of other
foreign banks 98 8
126 Other commercial banks in United States 175 25
127 Other 101 0
128 Other borrowed money 5,879 5,174
129 Owed to nonrelated commercial banks in
United States (including IBFs) 1,552 1,134
130 Owed to US offices of nonrelated U.S. banks 324 115
131 Owed to U.S. branches and agencies of
nonrelated foreign banks 1,229 1,019
132 Owed to nonrelated banks in foreign countries 3,665 3,653
133 Owed to foreign branches of nonrelated
U.S. banks 486 486
134 Owed to foreign offices of nonrelated
foreign banks 3,179 3,167
135 Owed to others 662 387
136 All other liabilities 475 75
137 Branch or agency liability on acceptances
executed and outstanding 182 n.a.
138 Trading liabilities 52 0
139 Other liabilities to nonrelated parties 241 75
140 Net due to related depository institutions(5) 16,039 128
141 Net due to head office and other related
depository institutions(5) 16,039 n.a.
142 Net due to establishing entity, head
office, and other related depository
institutions(5) n.a. 128
MEMO
143 Non-interest-bearing balances with
commercial banks in United States 64 0
144 Holding of own acceptances included in
commercial and industrial loans 134 n.a.
145 Commercial and industrial loans with
remaining maturity of one year or less
(excluding those in nonaccrual status) 9,381 n.a.
146 Predetermined interest rates 4,458 n.a.
147 Floating interest rates 4,923 n.a.
148 Commercial and industrial loans with
remaining maturity of more than one year
(excluding those in nonaccrual status) 8,738 n.a.
149 Predetermined interest rates 1,218 n.a.
150 Floating interest rates 7,520 n.a.
Illinois
Total
including IBFs
IBFs only
124 Federal funds purchased and securities sold
under agreements to repurchase 8,243 1,472
125 U.S. branches and agencies of other
foreign banks 1,514 802
126 Other commercial banks in United States 1,126 153
127 Other 5,604 517
128 Other borrowed money 5,590 330
129 Owed to nonrelated commercial banks in
United States (including IBFs) 616 10
130 Owed to US offices of nonrelated U.S. banks 180 0
131 Owed to U.S. branches and agencies of
nonrelated foreign banks 437 10
132 Owed to nonrelated banks in foreign countries 273 270
133 Owed to foreign branches of nonrelated
U.S. banks 0 0
134 Owed to foreign offices of nonrelated
foreign banks 273 270
135 Owed to others 4,701 50
136 All other liabilities 8,509 35
137 Branch or agency liability on acceptances
executed and outstanding 418 n.a.
138 Trading liabilities 6,813 0
139 Other liabilities to nonrelated parties 1,278 35
140 Net due to related depository institutions(5) 9,844 115
141 Net due to head office and other related
depository institutions(5) 9,844 n.a.
142 Net due to establishing entity, head
office, and other related depository
institutions(5) n.a. 115
MEMO
143 Non-interest-bearing balances with
commercial banks in United States 22 0
144 Holding of own acceptances included in
commercial and industrial loans 196 n.a.
145 Commercial and industrial loans with
remaining maturity of one year or less
(excluding those in nonaccrual status) 14,228 n.a.
146 Predetermined interest rates 12,441 n.a.
147 Floating interest rates 1,787 n.a.
148 Commercial and industrial loans with
remaining maturity of more than one year
(excluding those in nonaccrual status) 5,203 n.a.
149 Predetermined interest rates 622 n.a.
150 Floating interest rates 4,581 n.a.
All states(2)
Total
excluding IBFs
IBFs(3) only(3)
151 Components of total nontransaction accounts,
included in total deposits and credit
balances (excluding IBFs) 373,939 n.a.
152 Time deposits of $100,000 or more 366,347 n.a.
153 Time CDs in denominations of $100,000 or
more with remaining maturity of more
than 12 months 7,592 n.a.
New York
Total
excluding IBFs
IBFs only
151 Components of total nontransaction accounts,
included in total deposits and credit
balances (excluding IBFs) 304,379 n.a.
152 Time deposits of $100,000 or more 296,990 n.a.
153 Time CDs in denominations of $100,000 or
more with remaining maturity of more
than 12 months 7,389 n.a.
California
Total
excluding IBFs
IBFs only
151 Components of total nontransaction accounts,
included in total deposits and credit
balances (excluding IBFs) 4,500 n.a.
152 Time deposits of $100,000 or more 4,480 n.a.
153 Time CDs in denominations of $100,000 or
more with remaining maturity of more
than 12 months 20 n.a.
Illinois
Total
excluding IBFs
IBFs only
151 Components of total nontransaction accounts,
included in total deposits and credit
balances (excluding IBFs) 19,244 n.a.
152 Time deposits of $100,000 or more 19,073 n.a.
153 Time CDs in denominations of $100,000 or
more with remaining maturity of more
than 12 months 172 n.a.
All states2
Total
including IBFs
IBFs only
154 Immediately available funds with a maturity
greater than one day included in other
borrowed money 37,015 n.a.
155 Number of reports filed(6) 361 0
New York
Total
including IBFs
IBFs only
154 Immediately available funds with a maturity
greater than one day included in other
borrowed money 32,445 n.a.
155 Number of reports filed(6) 188 0
California
Total
including IBFs
IBFs only
154 Immediately available funds with a maturity
greater than one day included in other
borrowed money 2,754 n.a.
155 Number of reports filed(6) 73 0
Illinois
Total
including IBFs
IBFs only
154 Immediately available funds with a maturity
greater than one day included in other
borrowed money 1,046 n.a.
155 Number of reports filed(6) 30 0
(1.) Data are aggregates of categories reported on the quarterly form
FFIEC 002, "Report of Assets and Liabilities of U.S. Branches and
Agencies of Foreign Banks." The form was first used for reporting data
as of June 30, 1980, and was revised as of December 31, 1985. From
November 1972 through May 1980, U.S. branches and agencies of foreign
banks had filed a monthly FR 886a report. Aggregate data from that
report were available through the Federal Reserve monthly statistical
release G.11, last issued on July 10,1980. Data in this table and in
the G.11 tables are not strictly comparable because of differences in
reporting panels and in definitions of balance sheet items.
(2.) Includes the District of Columbia.
(3.) Effective December 1981, the Federal Reserve Board amended
Regulations D and Q to permit banking offices located in the United
States to operate international banking facilities (IBFs). Since
December 31, 1985, data for IBFs have been reported in a separate
column. These data are either included in or excluded from the total
columns as indicated in the headings. The notation "n.a." indicates
that no IBF data have been reported for that item, either because the
item is not an eligible IBF asset or liability or because that level of
detail is not reported for IBFs. From December 1981 through September
1985, IBF data were included in all applicable items reported.
(4.) Total assets and total liabilities include net balances, if any,
due from or owed to related banking institutions in the United States
and in foreign countries (see note 5). On the former monthly branch and
agency report, available through the G.11 monthly statistical release,
gross balances were included in total assets and total liabilities.
Therefore, total asset and total liability figures in this table are
not comparable to those in the G.11 tables.
(5.) Related depository institutions includes the foreign head office
and other U.S. and foreign branches and agencies of a bank, a bank's
parent holding company, and majority-owned banking subsidiaries of the
bank and of its parent holding company (including subsidiaries owned
both directly and indirectly).
(6.) In some cases two or more offices of a foreign bank within the
same metropolitan area file a consolidated report.
COPYRIGHT 2000 Board of Governors of the Federal Reserve System
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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