Financial and Business Statistics.Guide to Tables
SYMBOLS AND ABBREVIATIONS
c Corrected
e Estimated
n.a. Not available
n.e.c. Not elsewhere classified
p Preliminary
r Revised (Notation appears in column heading
when about half the figures in the column have
been revised from the most recently published
table.)
* Amount insignificant in terms of the last decimal
place shown in the table (for example, less than
500,000 when the smallest unit given is in millions)
0 Calculated to be zero
... Cell not applicable
ABS Asset-backed security
ATS Automatic transfer service
BIF Bank insurance fund
CD Certificate of deposit
CMO Collateralized mortgage obligation
CRA Community Reinvestment Act of 1977
FAMC Federal Agriculture Mortgage Corporation
FFB Federal Financing Bank
FHA Federal Housing Administration
FHLBB Federal Home Loan Bank Board
FHLMC Federal Home Loan Mortgage Corporation
FmHA Farmers Home Administration
FNMA Federal National Mortgage Association
FSA Farm Service Agency
FSLIC Federal Savings and Loan Insurance Corporation
G-7 Group of Seven
G-10 Group of Ten
GDP Gross domestic product
GNMA Government National Mortgage Association
GSE Government-sponsored enterprise
HUD Department of Housing and Urban
Development
IMF International Monetary Fund
IOs Interest only, stripped, mortgage-backed securities
IPCs Individuals, partnerships, and corporations
IRA Individual retirement account
MMDA Money market deposit account
MSA Metropolitan statistical area
NAICS North American Industry Classification System
NOW Negotiable order of withdrawal
OCDs Other checkable deposits
OPEC Organization of Petroleum Exporting Countries
OTS Office of Thrift Supervision
PMI Private mortgage insurance
POs Principal only, stripped, mortgage-backed securities
REIT Real estate investment trust
REMICs Real estate mortgage investment conduits
RHS Rural Housing Service
RP Repurchase agreement
RTC Resolution Trust Corporation
SCO Securitized credit obligation
SDR Special drawing right
SIC Standard Industrial Classification
TIIS Treasury inflation-indexed securities
VA Department of Veterans Affairs
GENERAL INFORMATION In many of the tables, components do not sum to totals because of rounding. Minus signs are used to indicate (1) a decrease, (2) a negative figure, or (3) an outflow. "U.S. government securities" may include guaranteed issues of U.S. government agencies (the flow of funds figures also include not fully guaranteed issues) as well as direct obligations of the U.S. Treasury. "State and local government" also includes municipalities, special districts, and other political subdivisions.
1.10 RESERVES AND MONEY STOCK MEASURES
Percent annual rate of change, seasonally adjusted (1)
2001 2002
Monetary or credit aggregate Q4 Q1 Q2
Reserves of depository
institutions (2)
1 Total -31.2 -9.7 -16.3
2 Required 22.1 -9.3 -15.4
3 Nonborrowed -21.4 -9.4 -16.9
4 Monetary base (3) 6.4 9.1 8.1
Concepts of money (4)
5 M1 2.1 5.7 (r) -.6
6 M2 9.5 5.5 (r) 3.3 (r)
7 M3 12.2 (r) 4.7 (r) 3.1 (r)
Nontransaction components
8 In M2 (5) 11.5 5.4 (r) 4.4 (r)
9 In M3 only (6) 18.3 (r) 3.1 (r) 2.5 (r)
Time and savings deposits
Commercial banks
10 Savings, including MMDAs 23.2 20.4 13.3
11 Small time (7) -12.1 -15.3 -4.9
12 Large time (8),(9) -9.3 4.8 11.3
Thrift institutions
13 Savings, including MMDAs 27.3 25.6 22.1
14 Small time (7) -11.0 -15.7 -14.8
15 Large time (8) 2.6 -.8 -8.4
Money market mutual funds
16 Retail 7.9 -11.0 (r) -10.6 (r)
17 Institution-only 49.5 -.3 2.8
Repurchase agreements and
eurodollars
18 Repurchase agreements (10) .7 9.6 -5.9 (r)
19 Eurodollars (10) -8.0 (r) 7.1 (r) -6.1 (r)
2002 2002
July
Monetary or credit aggregate Q3 (r) June (r)
Reserves of depository
institutions (2)
1 Total -.5 4.6 12.0
2 Required -3.1 5.7 8.3
3 Nonborrowed -1.9 3.7 10.6
4 Monetary base (3) 7.2 11.2 8.5
Concepts of money (4)
5 M1 2.9 7.2 8.0
6 M2 10.5 7.7 (r) 13.1
7 M3 8.3 5.9 8.5
Nontransaction components
8 In M2 (5) 12.6 7.9 (r) 14.5
9 In M3 only (6) 3.6 2.1 (r) -1.6
Time and savings deposits
Commercial banks
10 Savings, including MMDAs 21.0 13.6 17.2
11 Small time (7) -5.3 -.6 -7.2
12 Large time (8),(9) 4.7 -2.9 (r) 7.9
Thrift institutions
13 Savings, including MMDAs 21.6 16.2 22.9
14 Small time (7) -8.2 -10.8 -4.3
15 Large time (8) -1.8 -16.1 1.1
Money market mutual funds
16 Retail 8.7 3.0 (r) 23.9
17 Institution-only .1 10.7 -4.8
Repurchase agreements and
eurodollars
18 Repurchase agreements (10) 25.8 5.5 (r) -1.6
19 Eurodollars (10) -17.3 -27.7 (r) -17.5
2002
Aug. Sept.
Monetary or credit aggregate (r) (r) Oct.
Reserves of depository
institutions (2)
1 Total 12.1 -23.2 -10.9
2 Required 4.2 -19.1 -13.9
3 Nonborrowed 7.8 -20.2 -8.3
4 Monetary base (3) 4.3 .7 3.7
Concepts of money (4)
5 M1 -13.5 8.5 8.7
6 M2 9.7 5.3 10.4
7 M3 10.6 4.1 1.4
Nontransaction components
8 In M2 (5) 15.9 4.4 10.8
9 In M3 only (6) 12.6 1.6 -18.3
Time and savings deposits
Commercial banks
10 Savings, including MMDAs 32.8 15.8 15.9
11 Small time (7) -9.8 -14.8 -17.2
12 Large time (8),(9) 3.9 -2.2 -6.8
Thrift institutions
13 Savings, including MMDAs 24.5 25.5 43.3
14 Small time (7) -3.5 -3.1 2.4
15 Large time (8) 16.3 10.7 19.1
Money market mutual funds
16 Retail -.7 -18.5 -2.1
17 Institution-only -1.5 -13.8 -36.3
Repurchase agreements and
eurodollars
18 Repurchase agreements (10) 81.4 59.1 -5.2
19 Eurodollars (10) -3.7 -12.3 -1.2
(1.) Unless otherwise noted, rates of change are calculated from
average amounts outstanding during preceding month or quarter.
(2.) Figures incorporate adjustments for discontinuities, or "breaks,"
associated with regulatory changes in reserve requirements (See also
table 1.20.)
(3.) The seasonally adjusted, break-adjusted monetary base consists of
(1) seasonally adjusted, break-adjusted total reserves (line 1), plus
(2) the seasonally adjusted currency component of the money stock, plus
(3) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all weekly reporters
whose vault cash exceeds their required reserves) the seasonally
adjusted, break-adjusted difference between current vault cash and the
amount applied to satisfy current reserve requirements.
(4.) Composition of the money stock measures is as follows:
M1: (1) currency outside the U.S. Treasury, Federal Reserve Banks, and
the vaults of depository institutions, (2) travelers checks of nonbank
issuers, (3) demand deposits at all commercial banks other than those
owed to depository institutions, the U.S. government, and foreign banks
and official institutions, less cash items in the process of collection
and Federal Reserve float, and (4) other checkable deposits (OCDs),
consisting of negotiable order of withdrawal (NOW) and automatic
transfer service (ATS) accounts at depository institutions, credit
union share draft accounts, and demand deposits at thrift institutions.
Seasonally adjusted M1 is computed by summing currency, travelers
checks, demand deposits, and OCDs, each seasonally adjusted separately.
M2: M1 plus (1) savings (including MMDAs), (2) small-denomination time
deposits (time deposits--including retail RPs--in amounts of less than
$100,000), and (3) balances in retail money market mutual funds.
Excludes individual retirement accounts (IRAs) and Keogh balances at
depository institutions and money market funds.
Seasonally adjusted M2 is calculated by summing savings deposits,
small-denomination time deposits, and retail money fund balances, each
seasonally adjusted separately, and adding this result to seasonally
adjusted M1.
M3: M2 plus (1) large-denomination time deposits (in amounts of $100,000
or more), (2) balances in institutional money funds, (3) RP liabilities
(overnight and term) issued by all depository institutions, and (4)
eurodollars (overnight and term) held by U.S. residents at foreign
branches of U.S. banks worldwide and at all banking offices in the
United Kingdom and Canada. Excludes amounts held by depository
institutions, the U.S. government, money market funds, and foreign
banks and official institutions. Seasonally adjusted M3 is calculated
by summing large time deposits, institutional money fund balances, RP
liabilities, and eurodollars, each seasonally adjusted separately, and
adding this result to seasonally adjusted M2.
(5.) Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances, each seasonally adjusted
separately.
(6.) Sum of (1) large time deposits, (2) institutional money fund
balances, (3) RP liabilities (overnight and term) issued by depository
institutions, and (4) eurodollars (overnight and term) of U.S.
addressees, each seasonally adjusted separately.
(7.) Small time deposits--including retail RPs--are those issued in
amounts of less than $100,000. All IRA and Keogh account balances at
commercial banks and thrift institutions are subtracted from small time
deposits.
(8.) Large time deposits are those issued in amounts of $100,000 or
more, excluding those booked at international banking facilities.
(9.) Large time deposits at commercial banks less those held by money
market funds, depository institutions, the U.S. government, and foreign
banks and official institutions.
(10.) Includes both overnight and term.
Money Stock and Bank Credit
1.11 RESERVES OF DEPOSITORY INSTITUTIONS AND RESERVE BANK CREDIT (1)
Millions of dollars
Average of daily figures
2002
Factor Aug. Sept. Oct.
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 656,967 659,221 659,702
U.S. government
securities (2)
2 Bought outright--System
account (3) 601,681 604,667 609,157
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 10 10 10
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty (4) 16,532 16,617 11,242
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 191 14 13
9 Seasonal credit 187 168 120
10 Special Liquidity Facility
credit 0 0 0
11 Extended credit 0 0 0
12 Float -311 -262 363
13 Other Federal Reserve assets 38,676 38,008 38,797
14 Gold stock 11,042 11,042 11,042
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency outstanding 34,134 34,282 (r) 34,349
ABSORBING RESERVE FUNDS
17 Currency in circulation 660,865 661,583 (r) 662,719
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 373 367 389
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 5,068 5,838 4,873
21 Foreign 95 101 164
22 Service-related balances and
adjustments 10,168 10,178 10,266
23 Other 210 221 223
24 Other Federal Reserve
liabilities and capital 19,428 19,399 19,530
25 Reserve balances with Federal
Reserve Banks (5) 8,135 9,056 9,128
End-of-month figures
Factor Aug. Sept. Oct.
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 663,956 664,726 662,905
U.S. government
securities (2)
2 Bought outright--System
account (3) 602,825 604,191 607,865
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 10 10 10
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty (4) 23,000 21,750 16,500
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 150 1 0
9 Seasonal credit 179 176 80
10 Special Liquidity Facility
credit 0 0 0
11 Extended credit 0 0 0
12 Float -92 396 -695
13 Other Federal Reserve assets 37,882 38,202 39,144
14 Gold stock 11,042 11,042 11,042
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency outstanding 34,247 34,315 (r) 34,385
ABSORBING RESERVE FUNDS
17 Currency in circulation 664,116 660,082 (r) 663,370
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 361 380 397
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 4,874 7,879 5,878
21 Foreign 86 150 89
22 Service-related balances and
adjustments 10,184 10,170 10,423
23 Other 194 221 233
24 Other Federal Reserve
liabilities and capital 19,526 19,719 19,720
25 Reserve balances with Federal
Reserve Banks (5) 12,104 13,682 10,422
Average of daily figures for week
ending on date indicated
2002
Factor Sept. 18 Sept. 25 Oct. 2
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 657,910 655,922 661,636
U.S. government
securities (2)
2 Bought outright--System
account (3) 605,114 605,242 605,400
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 10 10 10
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty (4) 15,500 12,214 17,607
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 7 1 0
9 Seasonal credit 162 168 171
10 Special Liquidity Facility
credit 0 0 0
11 Extended credit 0 0 0
12 Float -762 47 50
13 Other Federal Reserve assets 37,880 38,239 38,397
14 Gold stock 11,042 11,042 11,042
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency outstanding 34,281 (r) 34,298 (r) 34,315
ABSORBING RESERVE FUNDS
17 Currency in circulation 661,153 (r) 659,713 (r) 660,138
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 364 372 379
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 5,773 6,832 6,182
21 Foreign 106 80 87
22 Service-related balances and
adjustments 10,117 10,245 10,170
23 Other 218 234 224
24 Other Federal Reserve
liabilities and capital 19,174 19,423 19,482
25 Reserve balances with Federal
Reserve Banks (5) 8,529 6,563 12,531
Wednesday figures
Factor Sept. 18 Sept. 25 Oct. 2
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 660,975 660,189 661,234
U.S. government
securities (2)
2 Bought outright--System
account (3) 606,272 606,248 606,190
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 10 10 10
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty (4) 16,750 15,500 17,250
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 0 2 1
9 Seasonal credit 167 174 156
10 Special Liquidity Facility
credit 0 0 0
11 Extended credit 0 0 0
12 Float -372 -185 -619
13 Other Federal Reserve assets 38,148 38,441 38,246
14 Gold stock 11,042 11,042 11,042
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency outstanding 34,281 (r) 34,298 (r) 34,315
ABSORBING RESERVE FUNDS
17 Currency in circulation 661,609 (r) 660,760 (r) 662,131
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 370 380 376
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 7,175 7,209 5,160
21 Foreign 139 75 77
22 Service-related balances and
adjustments 10,117 10,245 10,170
23 Other 215 232 248
24 Other Federal Reserve
liabilities and capital 19,260 19,276 19,327
25 Reserve balances with Federal
Reserve Banks (5) 9,614 9,552 11,303
Average of daily
figures for week
ending on date
indicated
2002
Factor Oct. 9 Oct. 16
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 655,642 661,669
U.S. government
securities (2)
2 Bought outright--System
account (3) 609,110 609,633
3 Held under repurchase
agreements 0 0
Federal agency obligations
4 Bought outright 10 10
5 Held under repurchase
agreements 0 0
6 Repurchase agreements--
triparty (4) 7,429 12,536
7 Acceptances 0 0
Loans to depository
institutions
8 Adjustment credit 45 5
9 Seasonal credit 136 124
10 Special Liquidity Facility
credit 0 0
11 Extended credit 0 0
12 Float 440 658
13 Other Federal Reserve assets 38,473 38,703
14 Gold stock 11,042 11,042
15 Special drawing rights
certificate account 2,200 2,200
16 Treasury currency outstanding 34,329 34,343
ABSORBING RESERVE FUNDS
17 Currency in circulation 661,683 664,412
18 Reverse repurchase
agreements--triparty (4) 0 0
19 Treasury cash holdings 376 384
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 5,106 4,327
21 Foreign 116 77
22 Service-related balances and
adjustments 10,291 10,299
23 Other 252 216
24 Other Federal Reserve
liabilities and capital 19,526 19,535
25 Reserve balances with Federal
Reserve Banks (5) 5,863 10,005
Wednesday figures
Factor Oct. 9 Oct. 16
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 655,425 667,216
U.S. government
securities (2)
2 Bought outright--System
account (3) 609,516 610,360
3 Held under repurchase
agreements 0 0
Federal agency obligations
4 Bought outright 10 10
5 Held under repurchase
agreements 0 0
6 Repurchase agreements--
triparty (4) 7,000 13,750
7 Acceptances 0 0
Loans to depository
institutions
8 Adjustment credit 0 30
9 Seasonal credit 137 129
10 Special Liquidity Facility
credit 0 0
11 Extended credit 0 0
12 Float 35 4,273
13 Other Federal Reserve assets 38,727 38,664
14 Gold stock 11,042 11,042
15 Special drawing rights
certificate account 2,200 2,200
16 Treasury currency outstanding 34,329 34,343
ABSORBING RESERVE FUNDS
17 Currency in circulation 663,579 665,022
18 Reverse repurchase
agreements--triparty (4) 0 0
19 Treasury cash holdings 381 399
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 4,401 4,592
21 Foreign 76 75
22 Service-related balances and
adjustments 10,291 10,299
23 Other 258 215
24 Other Federal Reserve
liabilities and capital 19,422 19,283
25 Reserve balances with Federal
Reserve Banks (5) 4,588 14,916
Average of daily
figures for week
ending on date
indicated
2002
Factor Oct. 23 Oct. 30
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 657,682 662,436
U.S. government
securities (2)
2 Bought outright--System
account (3) 610,273 608,693
3 Held under repurchase
agreements 0 0
Federal agency obligations
4 Bought outright 10 10
5 Held under repurchase
agreements 0 0
6 Repurchase agreements--
triparty (4) 8,143 14,071
7 Acceptances 0 0
Loans to depository
institutions
8 Adjustment credit 4 3
9 Seasonal credit 116 98
10 Special Liquidity Facility
credit 0 0
11 Extended credit 0 0
12 Float 366 211
13 Other Federal Reserve assets 38,771 39,350
14 Gold stock 11,042 11,042
15 Special drawing rights
certificate account 2,200 2,200
16 Treasury currency outstanding 34,357 34,371
ABSORBING RESERVE FUNDS
17 Currency in circulation 662,855 662,102
18 Reverse repurchase
agreements--triparty (4) 0 0
19 Treasury cash holdings 399 400
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 5,064 4,799
21 Foreign 341 157
22 Service-related balances and
adjustments 10,297 10,183
23 Other 212 205
24 Other Federal Reserve
liabilities and capital 19,391 19,651
25 Reserve balances with Federal
Reserve Banks (5) 6,723 12,552
Wednesday figures
Factor Oct. 23 Oct. 30
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 657,136 669,906
U.S. government
securities (2)
2 Bought outright--System
account (3) 610,231 608,665
3 Held under repurchase
agreements 0 0
Federal agency obligations
4 Bought outright 10 10
5 Held under repurchase
agreements 0 0
6 Repurchase agreements--
triparty (4) 7,500 20,500
7 Acceptances 0 0
Loans to depository
institutions
8 Adjustment credit 4 4
9 Seasonal credit 103 85
10 Special Liquidity Facility
credit 0 0
11 Extended credit 0 0
12 Float 221 1,004
13 Other Federal Reserve assets 39,067 39,639
14 Gold stock 11,042 11,042
15 Special drawing rights
certificate account 2,200 2,200
16 Treasury currency outstanding 34,357 34,371
ABSORBING RESERVE FUNDS
17 Currency in circulation 663,303 664,065
18 Reverse repurchase
agreements--triparty (4) 0 0
19 Treasury cash holdings 400 397
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 5,713 5,388
21 Foreign 128 238
22 Service-related balances and
adjustments 10,297 10,183
23 Other 205 206
24 Other Federal Reserve
liabilities and capital 19,372 19,581
25 Reserve balances with Federal
Reserve Banks (5) 5,316 17,461
(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
1999 2000 2001 2002
Reserve classification Dec. Dec. Dec. Apr.
1 Reserve balances with Reserve
Banks (2) 5,262 7,022 9,054 9,740
2 Total vault cash (3) 60,620 45,245 43,935 42,013
3 Applied vault cash (4) 36,392 31,451 32,024 31,156
4 Surplus vault cash (5) 24,228 13,794 11,911 10,857
5 Total reserves (6) 41,654 38,473 41,077 40,896
6 Required reserves 40,357 37,046 39,433 39,688
7 Excess reserve balances at
Reserve Banks (7) 1,297 1,427 1,645 1,208
8 Total borrowing at Reserve
Banks 320 210 67 71
9 Adjustment 179 99 34 21
10 Seasonal 67 111 33 50
11 Special Liquidity
Facility (8) 74 0 ... ...
12 Extended credit (9) 0 0 0 0
Biweekly averages of daily
figures for two-week periods
ending on dates indicated
2002
July July Aug.
10 24 Aug. 7 21
1 Reserve balances with Reserve
Banks (2) 7,909 8,266 8,024 7,697
2 Total vault cash (3) 42,968 42,170 43,479 43,488
3 Applied vault cash (4) 31,438 30,738 32,213 31,351
4 Surplus vault cash (5) 11,531 11,433 11,266 12,137
5 Total reserves (6) 39,347 39,004 40,236 39,048
6 Required reserves 37,828 37,709 38,916 37,712
7 Excess reserve balances at
Reserve Banks (7) 1,518 1,294 1,320 1,336
8 Total borrowing at Reserve
Banks 194 189 194 195
9 Adjustment 27 9 14 9
10 Seasonal 168 180 180 186
11 Special Liquidity
Facility (8) ... ... ... ...
12 Extended credit (9) 0 0 0 0
Prorated monthly averages of
biweekly averages
2002
Reserve classification May June July
1 Reserve balances with Reserve
Banks (2) 9,209 7,929 8,096
2 Total vault cash (3) 41,819 41,662 42,723
3 Applied vault cash (4) 31,033 30,642 31,296
4 Surplus vault cash (5) 10,786 11,021 11,427
5 Total reserves (6) 40,242 38,571 39,392
6 Required reserves 38,969 37,329 38,020
7 Excess reserve balances at
Reserve Banks (7) 1,273 1,242 1,373
8 Total borrowing at Reserve
Banks 112 142 191
9 Adjustment 7 6 16
10 Seasonal 105 136 176
11 Special Liquidity
Facility (8) ... ... ...
12 Extended credit (9) 0 0 0
Biweekly averages of daily
figures fro two-week periods
ending on dates indicated
2002
Sept. Oct. 2
Sept. 4 18 (r)
1 Reserve balances with Reserve
Banks (2) 10,021 7,668 9,545
2 Total vault cash (3) 41,628 41,577 43,186
3 Applied vault cash (4) 30,709 28,537 (r) 31,931
4 Surplus vault cash (5) 10,919 13,040 (r) 11,255
5 Total reserves (6) 40,730 36,205 (r) 41,476
6 Required reserves 38,446 35,233 39,680
7 Excess reserve balances at
Reserve Banks (7) 2,284 972 1,795
8 Total borrowing at Reserve
Banks 626 167 170
9 Adjustment 438 4 1
10 Seasonal 188 163 170
11 Special Liquidity
Facility (8) ... ... ...
12 Extended credit (9) 0 0 0
Prorated monthly averages of
biweekly averages
2002
Sept.
Reserve classification Aug. (r) Oct.
1 Reserve balances with Reserve
Banks (2) 8,520 8,732 8,844
2 Total vault cash (3) 42,886 42,227 42,931
3 Applied vault cash (4) 31,338 30,184 29,850
4 Surplus vault cash (5) 11,547 12,043 13,081
5 Total reserves (6) 39,859 38,916 38,694
6 Required reserves 38,220 37,440 37,137
7 Excess reserve balances at
Reserve Banks (7) 1,638 1,476 1,557
8 Total borrowing at Reserve
Banks 333 229 143
9 Adjustment 148 60 23
10 Seasonal 185 169 120
11 Special Liquidity
Facility (8) ... ... ...
12 Extended credit (9) 0 0 0
Biweekly averages of daily
figures fro two-week periods
ending on dates indicated
2002
Oct. 16 Oct. 30 Nov. 13
1 Reserve balances with Reserve
Banks (2) 7,935 9,653 8,872
2 Total vault cash (3) 43,449 42,463 41,719
3 Applied vault cash (4) 28,940 30,577 28,240
4 Surplus vault cash (5) 14,509 11,886 13,479
5 Total reserves (6) 36,875 40,230 37,112
6 Required reserves 35,337 38,691 35,495
7 Excess reserve balances at
Reserve Banks (7) 1,537 1,538 1,616
8 Total borrowing at Reserve
Banks 155 111 366
9 Adjustment 25 4 299
10 Seasonal 130 107 67
11 Special Liquidity
Facility (8) ... ... ...
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.
Policy Instruments
1.14 FEDERAL RESERVE BANK INTEREST RATES
Percent per year
Current and previous levels
Adjustment credit (1)
Federal Reserve On
Bank 12/13/02 Effective date Previous rate
Boston 0.75 11/7/02 1.25
New York 0.75 11/6/02 1.25
Philadelphia 0.75 11/7/02 1.25
Cleveland 0.75 11/7/02 1.25
Richmond 0.75 11/7/02 1.25
Atlanta 0.75 11/7/02 1.25
Chicago 0.75 11/7/02 1.25
St. Louis 0.75 11/7/02 1.25
Minneapolis 0.75 11/7/02 1.25
Kansas City 0.75 11/7/02 1.25
Dallas 0.75 11/6/02 1.25
San Francisco 0.75 11/6/02 1.25
Current and previous levels
Seasonal credit (2)
Federal Reserve On
Bank 12/13/02 Effective date Previous rate
Boston 1.30 11/28/02 1.45
New York 1.30 11/28/02 1.45
Philadelphia 1.30 11/28/02 1.45
Cleveland 1.30 11/28/02 1.45
Richmond 1.30 11/28/02 1.45
Atlanta 1.30 11/28/02 1.45
Chicago 1.30 11/28/02 1.45
St. Louis 1.30 11/28/02 1.45
Minneapolis 1.30 11/28/02 1.45
Kansas City 1.30 11/28/02 1.45
Dallas 1.30 11/28/02 1.45
San Francisco 1.30 11/28/02 1.45
Current and previous levels
Extended credit (3)
Federal Reserve On
Bank 12/13/02 Effective date Previous rate
Boston 1.80 11/28/02 1.95
New York 1.80 11/28/02 1.95
Philadelphia 1.80 11/28/02 1.95
Cleveland 1.80 11/28/02 1.95
Richmond 1.80 11/28/02 1.95
Atlanta 1.80 11/28/02 1.95
Chicago 1.80 11/28/02 1.95
St. Louis 1.80 11/28/02 1.95
Minneapolis 1.80 11/28/02 1.95
Kansas City 1.80 11/28/02 1.95
Dallas 1.80 11/28/02 1.95
San Francisco 1.80 11/28/02 1.95
Range of rates for adjustment credit in
recent years (4)
Range (or F.R. Bank
Effective date level)--All of
F.R. Banks N.Y.
In effect Dec. 31, 1981 12 12
1982--July 20 11.5-12 11.5
23 11.5 11.5
Aug. 2 11-11.5 11
3 11 11
16 10.5 10.5
27 10-10.5 10
30 10 10
Oct. 12 9.5-10 9.5
13 9.5 9.5
Nov. 22 9-9.5 9
26 9 9
Dec. 14 8.5-9 9
15 8.5-9 8.5
17 8.5 8.5
1984--Apr. 9 8.5-9 9
13 9 9
Nov. 21 8.5-9 8.5
26 8.5 8.5
Dec. 24 8 8
1985--May 20 7.5-8 7.5
24 7.5 7.5
1986--Mar. 7 7-7.5 7
10 7 7
Apr. 21 6.5-7 6.5
23 6.5 6.5
July 11 6 6
Aug. 21 5.5-6 5.5
22 5.5 5.5
1987--Sept. 4 5.5-6 6
11 6 6
1988--Aug. 9 6-6.5 6.5
11 6.5 6.5
1989--Feb. 24 6.5-7 7
27 7 7
1990--Dec. 19 6.5 6.5
1991--Feb. 1 6-6.5 6
4 6 6
Apr. 30 5.5-6 5.5
May 2 5.5 5.5
1991--Sept. 13 5-5.5 5
17 5 5
Nov. 6 4.5-5 4.5
7 4.5 4.5
Dec. 20 3.5-4.5 3.5
24 3.5 3.5
1992--July 2 3-3.5 3
7 3 3
1994--May 17 3-3.5 3.5
18 3.5 3.5
Aug. 16 3.5-4 4
18 4 4
Nov. 15 4-4.75 4.75
17 4.75 4.75
1995--Feb. 1 4.75-5.25 5.25
9 5.25 5.25
1996--Jan. 31 5.00-5.25 5.00
Feb. 3 5.00 5.00
1998--Oct. 15 4.75-5.00 4.75
16 4.75 4.75
Nov. 17 4.50-4.75 4.50
19 4.50 4.50
1999--Aug. 24 4.50-4.75 4.75
26 4.75 4.75
Nov. 16 4.75-5.00 4.75
18 5.00 5.00
2000--Feb. 2 5.00-5.25 5.25
4 5.25 5.25
Mar. 21 5.25-5.50 5.50
23 5.50 5.50
May 16 5.50-6.00 5.50
19 6.00 6.00
2001--Jan. 3 5.75-6.00 5.75
4 5.50-5.75 5.50
5 5.50 5.50
31 5.00-5.50 5.00
Feb. 1 5.00 5.00
Mar. 20 4.50-5.00 4.50
21 4.50 4.50
Apr. 18 4.00-4.50 4.00
20 4.00 4.00
2001--May 15 3.50-4.00 3.50
17 3.50 3.50
June 27 3.25-3.50 3.25
29 3.25 3.25
Aug. 21 3.00-3.25 3.00
23 3.00 3.00
Sept. 17 2.50-3.00 2.50
18 2.50 2.50
Oct. 2 2.00-2.50 2.00
4 2.00 2.00
Nov. 6 1.50-2.00 1.50
8 1.50 1.50
Dec. 11 1.25-1.50 1.25
13 1.25 1.25
2002--Nov. 6 0.75-1.25 0.75
7 0.75 0.75
In effect Dec 13, 2002 0.75 0.75
(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 involved only a particular institution, or to
meet the needs of institutions experiencing difficulties adjusting to
changing market conditions over a longer period (particularly at times
of deposit disintermediation). The discount rate applicable to
adjustment credit ordinarily is charged on extended-credit loans
outstanding less than thirty days; however, at the discretion of the
Federal Reserve Bank, this time period may be shortened. Beyond this
initial period, a flexible rate somewhat above rates charged on market
sources of funds is charged. The rate ordinarily is reestablished on
the first business day of each two-week reserve maintenance period, but
it is never less than the discount rate applicable to adjustment credit
plus 50 basis points.
(4.) For earlier data, see the following publications of the Board of
Governors: Banking and Monetary Statistics, 1914-1941, and 1941-1970;
and the Annual Statistical Digest, 1970-1979, and 1980-1989; and
Statistical Digest, 1996-2000. See also the Board's Statistics:
Releases and Historical Data web pages
(http://www.federalreserve.gov/releases/H15/data.htm).
1.15 RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS (1)
Requirement
Percentage of
Type of deposit deposits Effective date
Net transaction accounts (2)
1 $0 million-$42.1 million (3) 3 12/26/02
2 More than $42.1 million (4) 10 12/26/02
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 26, 2002, for depository institutions that
report weekly, and with the period beginning January 16, 2003, for
institutions that report quarterly, the amount was increased from
$41.3 million to $42.1 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 26, 2002, for depository
institutions that report weekly, and with the period beginning January
16, 2003, for institutions that report quarterly, the exemption was
raised from $5.7 million to $6.0 million.
(4.) The reserve requirement was reduced from 12 percent to 10 percent
on April 2, 1992, for institutions that report weekly, and on April
16, 1992, for institutions that report quarterly.
(5.) For institutions that report weekly, the reserve requirement on
nonpersonal time deposits with an original maturity of less than 1.5
years was reduced from 3 percent to 1.5 percent for the maintenance
period that began December 13, 1990, and to zero for the maintenance
period that began December 27, 1990. For institutions that report
quarterly, the reserve requirement on nonpersonal time deposits with
an original maturity of less than 1.5 years was reduced from 3
percent to zero on January 17, 1991.
The reserve requirement on nonpersonal time deposits with an original
maturity of 1.5 years or more has been zero since October 6, 1983.
(6.) The reserve requirement on eurocurrency liabilities was reduced
from 3 percent to zero in the same manner and on the same dates as
the reserve requirement on nonpersonal time deposits with an original
maturity of less than 1.5 years (see note 5).
1.17 FEDERAL RESERVE OPEN MARKET TRANSACTIONS (1)
Millions of dollars
Type of transaction
and maturity 1999 2000 2001
U.S. TREASURY SECURITIES (2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 0 8,676 15,503
2 Gross sales 0 0 0
3 Exchanges 464,218 477,904 542,736
4 For new bills 464,218 477,904 542,736
5 Redemptions 0 24,522 10,095
Others within one year
6 Gross purchases 11,895 8,809 15,663
7 Gross sales 0 0 0
8 Maturity shifts 50,590 62,025 70,336
9 Exchanges -53,315 -54,656 -72,004
10 Redemptions 1,429 3,779 16,802
One to five years
11 Gross purchases 19,731 14,482 22,814
12 Gross sales 0 0 0
13 Maturity shifts -44,032 -52,068 -45,211
14 Exchanges 42,604 46,177 64,519
Five to ten years
15 Gross purchases 4,303 5,871 6,003
16 Gross sales 0 0 0
17 Maturity shifts -5,841 -6,801 -21,063
18 Exchanges 7,578 6,585 6,063
More than ten years
19 Gross purchases 9,428 5,833 8,531
20 Gross sales 0 0 0
21 Maturity shifts -717 -3,155 -4,062
22 Exchanges 3,133 1,894 1,423
All maturities
23 Gross purchases 45,357 43,670 68,513
24 Gross sales 0 0 0
25 Redemptions 1,429 28,301 26,897
Matched transactions
26 Gross purchases 4,413,430 4,415,905 4,722,667
27 Gross sales 4,431,685 4,397,835 4,724,743
Repurchase agreements
28 Gross purchases 281,599 0 0
29 Gross sales 301,273 0 0
30 Net change in U.S. Treasury
securities 5,999 33,439 39,540
FEDERAL AGENCY OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0
32 Gross sales 0 0 0
33 Redemptions 157 51 120
Repurchase agreements
34 Gross purchases 360,069 0 0
35 Gross sales 370,772 0 0
36 Net change in federal
agency obligations -10,859 -51 -120
Reverse repurchase
agreements
37 Gross purchases 0 0 0
38 Gross sales 0 0 0
Repurchase agreements
39 Gross purchases 304,989 890,236 1,497,713
40 Gross sales 164,349 987,501 1,490,838
41 Net change in triparty
obligations 140,640 -97,265 6,875
42 Total net change in System
Open Market Account 135,780 -63,877 46,295
2002
Type of transaction
and maturity Mar. Apr. May
U.S. TREASURY SECURITIES (2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 3,013 1,047 3,524
2 Gross sales 0 0 0
3 Exchanges 48,483 45,376 70,978
4 For new bills 48,483 45,376 70,978
5 Redemptions 0 0 0
Others within one year
6 Gross purchases 1,455 2,709 2,826
7 Gross sales 0 0 0
8 Maturity shifts 0 14,515 6,714
9 Exchanges 0 -15,522 -9,031
10 Redemptions 0 0 0
One to five years
11 Gross purchases 2,181 1,142 1,439
12 Gross sales 0 0 0
13 Maturity shifts 0 -14,515 -1,620
14 Exchanges 0 15,522 8,639
Five to ten years
15 Gross purchases 637 1,670 259
16 Gross sales 0 0 0
17 Maturity shifts 0 0 -5,094
18 Exchanges 0 0 391
More than ten years
19 Gross purchases 291 210 0
20 Gross sales 0 0 0
21 Maturity shifts 0 0 0
22 Exchanges 0 0 0
All maturities
23 Gross purchases 7,577 6,777 8,048
24 Gross sales 0 0 0
25 Redemptions 0 0 0
Matched transactions
26 Gross purchases 393,273 436,936 466,807
27 Gross sales 393,151 437,881 469,046
Repurchase agreements
28 Gross purchases 0 0 0
29 Gross sales 0 0 0
30 Net change in U.S. Treasury
securities 7,699 5,833 5,810
FEDERAL AGENCY OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0
32 Gross sales 0 0 0
33 Redemptions 0 0 0
Repurchase agreements
34 Gross purchases 0 0 0
35 Gross sales 0 0 0
36 Net change in federal
agency obligations 0 0 0
Reverse repurchase
agreements
37 Gross purchases 0 0 0
38 Gross sales 0 0 0
Repurchase agreements
39 Gross purchases 70,850 102,200 106,426
40 Gross sales 75,849 100,200 109,926
41 Net change in triparty
obligations -4,999 2,000 -3,500
42 Total net change in System
Open Market Account 2,700 7,833 2,310
2002
Type of transaction
and maturity June July Aug. Sept.
U.S. TREASURY SECURITIES (2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 3,656 4,838 529 750
2 Gross sales 0 0 0 0
3 Exchanges 53,015 45,828 63,083 53,314
4 For new bills 53,015 45,828 63,083 53,314
5 Redemptions 0 0 0 0
Others within one year
6 Gross purchases 0 1,104 445 1,286
7 Gross sales 0 0 0 0
8 Maturity shifts 0 11,052 8,987 11,174
9 Exchanges 0 -14,183 -5,040 -15,189
10 Redemptions 0 0 0 0
One to five years
11 Gross purchases 0 1,755 1,921 0
12 Gross sales 0 0 0 0
13 Maturity shifts 0 -11,052 -629 -11,174
14 Exchanges 0 13,283 3,396 15,189
Five to ten years
15 Gross purchases 542 577 690 51
16 Gross sales 0 0 0 0
17 Maturity shifts 0 0 -6,714 0
18 Exchanges 0 900 1,645 0
More than ten years
19 Gross purchases 0 63 80 0
20 Gross sales 0 0 0 0
21 Maturity shifts 0 0 -1,645 0
22 Exchanges 0 0 0 0
All maturities
23 Gross purchases 4,198 8,336 3,665 2,087
24 Gross sales 0 0 0 0
25 Redemptions 0 0 0 0
Matched transactions
26 Gross purchases 447,555 513,400 495,729 449,250
27 Gross sales 448,330 511,902 497,031 449,986
Repurchase agreements
28 Gross purchases 0 0 0 0
29 Gross sales 0 0 0 0
30 Net change in U.S. Treasury
securities 3,423 9,834 2,363 1,351
FEDERAL AGENCY OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0 0
32 Gross sales 0 0 0 0
33 Redemptions 0 0 0 0
Repurchase agreements
34 Gross purchases 0 0 0 0
35 Gross sales 0 0 0 0
36 Net change in federal
agency obligations 0 0 0 0
Reverse repurchase
agreements
37 Gross purchases 0 0 0 0
38 Gross sales 0 0 0 0
Repurchase agreements
39 Gross purchases 98,850 68,750 84,000 93,500
40 Gross sales 94,850 81,250 80,500 94,750
41 Net change in triparty
obligations 4,000 -12,500 3,500 -1,250
42 Total net change in System
Open Market Account 7,423 -2,666 5,863 101
(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.
Transactions include the rollover of inflation compensation
into new securities.
Federal Reserve Banks
1.18 FEDERAL RESERVE BANKS Condition and Federal Reserve Note
Statements (1)
Millions of dollars
Wednesday
2002
Account Oct. 2 Oct. 9 Oct. 16
Consolidated condition
statement
ASSETS
1 Gold certificate account 11,038 11,038 11,038
2 Special drawing rights
certificate account 2,200 2,200 2,200
3 Coin 1,078 1,072 1,059
Loans
4 To depository institutions 157 137 159
5 Other 0 0 0
6 Acceptances held under
repurchase agreements 0 0 0
Triparty obligations
7 Repurchase agreements--
triparty (2) 17,250 7,000 13,750
Federal agency
obligations (3)
8 Bought outright 10 10 10
9 Held under repurchase
agreements 0 0 0
10 Total U.S. Treasury
securities (3) 606,190 609,516 610,360
11 Bought outright (4) 606,190 609,516 610,360
12 Bills 204,206 207,522 208,357
13 Notes 295,883 295,889 295,895
14 Bonds 106,100 106,104 106,108
15 Held under repurchase
agreements 0 0 0
16 Total loans and securities 623,607 616,663 624,280
17 Items in process of
collection 8,811 7,517 16,095
18 Bank premises 1,519 1,523 1,526
Other assets
19 Denominated in foreign
currencies (5) 16,008 16,014 15,936
20 All other (6) 20,754 21,176 21,201
21 Total assets 685,014 677,203 693,335
LIABILITIES
22 Federal Reserve notes 629,265 630,700 632,133
23 Reverse repurchase
agreements--triparty (2) 0 0 0
24 Total deposits 27,518 19,803 30,353
25 Depository institutions 22,033 15,069 25,470
26 U.S. Treasury--General
account 5,160 4,401 4,592
27 Foreign--Official accounts 77 76 75
28 Other 248 258 215
29 Deferred credit items 8,904 7,278 11,567
30 Other liabilities and
accrued dividends (7) 2,407 2,454 2,393
31 Total liabilities 668,095 660,234 676,445
CAPITAL ACCOUNTS
32 Capital paid in 8,265 8,268 8,270
33 Surplus 7,312 7,312 7,312
34 Other capital accounts 1,343 1,389 1,309
35 Total liabilities and
capital accounts 685,014 677,203 693,335
MEMO
36 Marketable U.S. Treasury
securities held in
custody for foreign and
international accounts 812,633 807,968 806,678
Federal Reserve note
statement
37 Federal Reserve notes
outstanding (issued
to Banks) 750,804 750,654 750,752
38 LESS: Held by Federal
Reserve Banks 121,538 119,954 118,619
39 Federal Reserve notes, net 629,265 630,700 632,133
Collateral held against
notes, net
40 Gold certificate account 11,038 11,038 11,038
41 Special drawing rights
certificate account 2,200 2,200 2,200
42 Other eligible assets 0 936 0
43 U.S. Treasury and agency
securities 616,027 616,526 618,895
44 Total collateral 629,265 630,700 632,133
End of
Wednesday month
2002 2002
Account Oct. 23 Oct. 30 Aug.
Consolidated condition
statement
ASSETS
1 Gold certificate account 11,038 11,038 11,038
2 Special drawing rights
certificate account 2,200 2,200 2,200
3 Coin 1,074 1,079 1,031
Loans
4 To depository institutions 107 88 330
5 Other 0 0 0
6 Acceptances held under
repurchase agreements 0 0 0
Triparty obligations
7 Repurchase agreements--
triparty (2) 7,500 20,500 23,000
Federal agency
obligations (3)
8 Bought outright 10 10 10
9 Held under repurchase
agreements 0 0 0
10 Total U.S. Treasury
securities (3) 610,231 608,665 602,825
11 Bought outright (4) 610,231 608,665 602,825
12 Bills 208,217 206,641 202,196
13 Notes 295,901 295,907 294,640
14 Bonds 106,113 106,117 105,989
15 Held under repurchase
agreements 0 0 0
16 Total loans and securities 617,848 629,263 626,165
17 Items in process of
collection 7,839 9,359 5,419
18 Bank premises 1,528 1,528 1,520
Other assets
19 Denominated in foreign
currencies (5) 15,906 16,043 16,240
20 All other (6) 21,607 22,038 20,127
21 Total assets 679,040 692,547 683,739
LIABILITIES
22 Federal Reserve notes 630,417 631,165 631,256
23 Reverse repurchase
agreements--triparty (2) 0 0 0
24 Total deposits 21,973 34,453 27,570
25 Depository institutions 15,927 28,620 22,415
26 U.S. Treasury--General
account 5,713 5,388 4,874
27 Foreign--Official accounts 128 238 86
28 Other 205 206 194
29 Deferred credit items 7,278 7,347 5,388
30 Other liabilities and
accrued dividends (7) 2,424 2,452 2,412
31 Total liabilities 662,092 675,418 666,625
CAPITAL ACCOUNTS
32 Capital paid in 8,275 8,271 8,248
33 Surplus 7,312 7,312 7,312
34 Other capital accounts 1,362 1,546 1,554
35 Total liabilities and
capital accounts 679,040 692,547 683,739
MEMO
36 Marketable U.S. Treasury
securities held in
custody for foreign and
international accounts 803,483 806,831 803,479
Federal Reserve note
statement
37 Federal Reserve notes
outstanding (issued
to Banks) 750,811 751,565 747,686
38 LESS: Held by Federal
Reserve Banks 120,394 120,400 116,430
39 Federal Reserve notes, net 630,417 631,165 631,256
Collateral held against
notes, net
40 Gold certificate account 11,038 11,038 11,038
41 Special drawing rights
certificate account 2,200 2,200 2,200
42 Other eligible assets 0 0 0
43 U.S. Treasury and agency
securities 617,179 617,927 618,018
44 Total collateral 630,417 631,165 631,256
End of month
2002
Account Sept. Oct.
Consolidated
condition
statement
ASSETS
1 Gold certificate account 11,038 11,038
2 Special drawing rights
certificate account 2,200 2,200
3 Coin 1,085 1,091
Loans
4 To depository institutions 177 80
5 Other 0 0
6 Acceptances held under
repurchase agreements 0 0
Triparty obligations
7 Repurchase agreements--
triparty (2) 21,750 16,500
Federal agency
obligations (3)
8 Bought outright 10 10
9 Held under repurchase
agreements 0 0
10 Total U.S. Treasury
securities (3) 604,191 607,865
11 Bought outright (4) 604,191 607,865
12 Bills 202,210 205,840
13 Notes 295,882 295,908
14 Bonds 106,099 106,117
15 Held under repurchase
agreements 0 0
16 Total loans and securities 626,129 624,456
17 Items in process of
collection 2,116 6,256
18 Bank premises 1,519 1,527
Other assets
19 Denominated in foreign
currencies (5) 16,130 16,091
20 All other (6) 20,597 21,553
21 Total assets 680,813 684,212
LIABILITIES
22 Federal Reserve notes 627,228 630,469
23 Reverse repurchase
agreements--triparty (2) 0 0
24 Total deposits 31,418 27,077
25 Depository institutions 23,168 20,878
26 U.S. Treasury--General
account 7,879 5,878
27 Foreign--Official accounts 150 89
28 Other 221 233
29 Deferred credit items 2,448 6,946
30 Other liabilities and
accrued dividends (7) 2,422 2,479
31 Total liabilities 663,516 666,971
CAPITAL ACCOUNTS
32 Capital paid in 8,264 8,278
33 Surplus 7,312 7,312
34 Other capital accounts 1,722 1,652
35 Total liabilities and
capital accounts 680,813 684,212
MEMO
36 Marketable U.S. Treasury
securities held in
custody for foreign and
international accounts 813,094 812,239
Federal Reserve
note statement
37 Federal Reserve notes
outstanding (issued
to Banks) 751,190 752,063
38 LESS: Held by Federal
Reserve Banks 123,962 121,595
39 Federal Reserve notes, net 627,228 630,469
Collateral held against
notes, net
40 Gold certificate account 11,038 11,038
41 Special drawing rights
certificate account 2,200 2,200
42 Other eligible assets 0 0
43 U.S. Treasury and agency
securities 613,990 617,231
44 Total collateral 627,228 630,469
(1.) Some of the data in this table also appear in the Board's
H.4.1 (503) weekly statistical release. For ordering address, see
inside front cover.
(2.) Cash value of agreements arranged through third-party
custodial banks.
(3.) Face value of the securities.
(4.) Includes securities loaned--fully guaranteed by U.S. Treasury
securities pledged with Federal Reserve Banks--and includes
compensation that adjusts for the effects of inflation on the
principal of inflation-indexed securities. Excludes securities sold
and scheduled to be bought back under matched sale-purchase
transactions.
(5.) Valued monthly at market exchange rates.
(6.) Includes special investment account at the Federal Reserve Bank
of Chicago in Treasury bills maturing within ninety days.
(7.) Includes exchange-translation account reflecting the monthly
revaluation at market exchange rates of foreign exchange commitments.
1.19 FEDERAL RESERVE BANKS Maturity Distribution of Loan and
Security Holding
Millions of Dollars
Wednesday
2002
Type of holding and maturity Oct. 2 Oct. 9 Oct. 16 Oct. 23
1 Total loans 157 137 159 107
2 Within fifteen days (1) 35 50 101 103
3 Sixteen days to ninety days 122 86 58 4
4 91 days to 1 year 0 0 0 0
5 Total U.S. Treasury
securities (2) 606,190 609,516 610,360 610,231
6 Within fifteen days (1) 16,475 18,269 24,991 25,974
7 Sixteen days to ninety days 133,435 135,392 130,389 129,987
8 Ninety-one days to one year 146,234 145,800 144,915 144,194
9 One year to five years 176,885 176,886 176,887 176,889
10 Five years to ten years 51,439 51,444 51,448 51,453
11 More than ten years 81,722 81,726 81,730 81,734
12 Total federal agency
obligations 10 10 10 10
13 Within fifteen days (1) 0 0 0 0
14 Sixteen days to ninety days 0 0 0 0
15 Ninety-one days to one year 0 0 0 0
16 One year to five years 10 10 10 10
17 Five years to ten years 0 0 0 0
18 More than ten years 0 0 0 0
Wed-
nesday End of month
2002 2002
Type of holding and maturity Oct. 30 Aug. Sept. Oct.
1 Total loans 88 330 177 80
2 Within fifteen days (1) 82 293 131 62
3 Sixteen days to ninety days 6 37 47 18
4 91 days to 1 year 0 0 0 0
5 Total U.S. Treasury
securities (2) 608,665 602,825 604,191 607,865
6 Within fifteen days (1) 24,792 12,470 13,316 6,607
7 Sixteen days to ninety days 129,673 123,482 128,403 129,715
8 Ninety-one days to one year 144,114 160,910 152,429 162,163
9 One year to five years 176,890 172,868 176,885 176,182
10 Five years to ten years 51,458 51,381 51,438 51,458
11 More than ten years 81,739 81,715 81,721 81,739
12 Total federal agency
obligations 10 10 10 10
13 Within fifteen days (1) 0 0 0 0
14 Sixteen days to ninety days 0 0 0 0
15 Ninety-one days to one year 0 0 0 0
16 One year to five years 10 10 10 10
17 Five years to ten years 0 0 0 0
18 More than ten years 0 0 0 0
(1.) Holdings under repurchase agreements are classified as maturing
within fifteen days in accordance with maximum maturity of the
agreements.
(2.) Includes compensation that adjusts for the effects of inflation
on the principal of inflation-indexed securities.
1.20 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY
BASE (1)
Billions of dollars, averages of daily figures
1998 1999 2000 2001
Item Dec. Dec. Dec. Dec.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (2)
1 Total reserves (3) 45.14 41.82 38.54 41.22
2 Nonborrowed reserves (4) 45.02 41.50 38.33 41.15
3 Nonborrowed reserves
plus extended credit
(5) 45.02 41.50 38.33 41.15
4 Required reserves 43.62 40.53 37.11 39.58
5 Monetary base (6) 513.55 593.12 584.04 634.41
Not seasonally adjusted
6 Total reserves (7) 45.31 41.89 38.53 41.20
7 Nonborrowed reserves 45.19 41.57 38.32 41.13
8 Nonborrowed reserves
plus extended credit
(5) 45.19 41.57 38.32 41.13
9 Required reserves (8) 43.80 40.59 37.10 39.55
10 Monetary base (9) 518.27 600.72 590.06 639.91
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (10)
11 Total reserves (11) 45.21 41.65 38.47 41.08
12 Nonborrowed reserves 45.09 41.33 38.26 41.01
13 Nonborrowed reserves
plus extended credit
(5) 45.09 41.33 38.26 41.01
14 Required reserves 43.70 40.36 37.05 39.43
15 Monetary base (12) 525.06 608.02 596.98 648.74
16 Excess reserves (13) 1.51 1.30 1.43 1.65
17 Borrowings from the
Federal Reserve .12 .32 .21 .07
2002
Item Mar. Apr. May June
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (2)
1 Total reserves (3) 41.01 40.76 39.12 39.27
2 Nonborrowed reserves (4) 40.94 40.69 39.00 39.12
3 Nonborrowed reserves
plus extended credit
(5) 40.94 40.69 39.00 39.12
4 Required reserves 39.60 39.55 37.84 38.02
5 Monetary base (6) 649.65 653.95 657.91 664.07
Not seasonally adjusted
6 Total reserves (7) 40.27 40.85 40.18 38.49
7 Nonborrowed reserves 40.19 40.78 40.06 38.25
8 Nonborrowed reserves
plus extended credit
(5) 40.19 40.78 40.06 38.35
9 Required reserves (8) 38.85 39.64 38.90 37.25
10 Monetary base (9) 649.23 653.29 658.00 662.84
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (10)
11 Total reserves (11) 40.30 40.90 40.24 38.57
12 Nonborrowed reserves 40.22 40.83 40.13 38.43
13 Nonborrowed reserves
plus extended credit
(5) 40.22 40.83 40.13 38.43
14 Required reserves 38.88 39.69 38.97 37.33
15 Monetary base (12) 658.78 663.37 668.14 672.98
16 Excess reserves (13) 1.41 1.21 1.27 1.24
17 Borrowings from the
Federal Reserve .08 .07 .11 .14
2002
Item July Aug.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (2)
1 Total reserves (3) 39.66 40.06
2 Nonborrowed reserves (4) 39.47 39.73
3 Nonborrowed reserves
plus extended credit
(5) 39.47 39.73
4 Required reserves 38.29 38.42
5 Monetary base (6) 668.76 (r) 671.15 (r)
Not seasonally adjusted
6 Total reserves (7) 39.30 39.75
7 Nonborrowed reserves 39.11 39.41
8 Nonborrowed reserves
plus extended credit
(5) 39.11 39.41
9 Required reserves (8) 37.93 38.11
10 Monetary base (9) 668.76 669.32 (r)
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (10)
11 Total reserves (11) 39.39 39.86
12 Nonborrowed reserves 39.20 39.53
13 Nonborrowed reserves
plus extended credit
(5) 39.20 39.53
14 Required reserves 38.02 38.22
15 Monetary base (12) 678.98 679.55 (r)
16 Excess reserves (13) 1.37 1.64
17 Borrowings from the
Federal Reserve .19 .33
2002
Item Sept. Oct.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (2)
1 Total reserves (3) 39.28 (r) 38.93
2 Nonborrowed reserves (4) 39.06 38.79
3 Nonborrowed reserves
plus extended credit
(5) 39.06 38.79
4 Required reserves 37.81 37.37
5 Monetary base (6) 671.56 (r) 673.62
Not seasonally
adjusted
6 Total reserves (7) 38.79 (r) 38.55
7 Nonborrowed reserves 38.56 (r) 38.41
8 Nonborrowed reserves
plus extended credit
(5) 38.56 (r) 38.41
9 Required reserves (8) 37.32 37.00
10 Monetary base (9) 669.72 (r) 671.49
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (10)
11 Total reserves (11) 38.92 38.69
12 Nonborrowed reserves 38.69 38.55
13 Nonborrowed reserves
plus extended credit
(5) 38.69 38.55
14 Required reserves 37.44 37.14
15 Monetary base (12) 679.95 (r) 681.83
16 Excess reserves (13) 1.48 1.56
17 Borrowings from the
Federal Reserve .23 .14
(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).
Monetary and Credit Aggregates
1.21 MONEY STOCK MEASURES (1)
Billion of dollars, averages of daily figures
1998 1999
Item Dec. Dec.
Seasonally adjusted
Measures (2)
1 M1 1,096.5 1,124.4
2 M2 4,383.9 4,654.2
3 M3 6,037.7 (r) 6,539.6 (r)
M1 components
4 Currency (3) 459.3 516.9
5 Travelers checks (4) 8.2 8.3
6 Demand deposits (5) 378.4 354.5
7 Other checkable deposits (6) 250.5 244.7
Nontransaction components
8 In M2 (7) 3,287.4 3,529.8
9 In M3 only (8) 1,653.8 (r) 1,885.4 (r)
Commercial banks
10 Savings deposits, including
MMDAs 1,187.5 1,289.1
11 Small time deposits (9) 626.1 635.0
12 Large time deposits (10),(11) 582.8 651.3
Thrift institutions
13 Savings deposits, including
MMDAs 414.7 449.7
14 Small time deposits (9) 325.6 320.4
15 Large time deposits (10) 88.6 91.1
Money market mutual funds
16 Retail 733.6 835.7
17 Institution-only 540.1 638.6
Repurchase agreements and
eurodollars
18 Repurchase agreements (12) 293.4 335.9
19 Eurodollars (12) 148.8 (r) 168.5 (r)
Not seasonally adjusted
Measures (2)
20 M1 1,120.4 1,148.3
21 M2 4,404.0 4,675.0
22 M3 6,066.5 (r) 6,571.1 (r)
M1 components
23 Currency (3) 463.3 521.5
24 Travelers checks (4) 8.4 8.4
25 Demand deposits (5) 395.9 371.8
26 Other checkable deposits (6) 252.8 246.6
Nontransaction components
27 In M2 (7) 3,283.6 3,526.7
28 In M3 only (8) 1,662.5 (r) 1,896.2 (r)
Commercial banks
29 Savings deposits, including
MMDAs 1,186.0 1,288.8
30 Small time deposits (9) 626.5 635.7
31 Large time deposits (10),(11) 583.1 651.7
Thrift institutions
32 Savings deposits, including
MMDAs 414.2 449.6
33 Small time deposits (9) 325.8 320.8
34 Large time deposits (10) 88.6 91.2
Money market mutual funds
35 Retail 731.1 832.0 (r)
36 Institution-only 549.5 648.2
Repurchase agreements and
eurodollars
37 Repurchase agreements (12) 290.4 334.7
38 Eurodollars (12) 150.8 (r) 170.4 (r)
2000 2001
Item Dec. Dec.
Seasonally adjusted
Measures (2)
1 M1 1,088.9 1,179.3
2 M2 4,938.6 (r) 5,458.1 (r)
3 M3 7,109.9 (r) 8,025.5 (r)
M1 components
4 Currency (3) 530.1 579.9
5 Travelers checks (4) 8.0 7.8
6 Demand deposits (5) 309.9 330.4
7 Other checkable deposits (6) 240.9 261.2
Nontransaction components
8 In M2 (7) 3,849.7 4,278.8 (r)
9 In M3 only (8) 2,171.3 (r) 2,567.5 (r)
Commercial banks
10 Savings deposits, including
MMDAs 1,423.7 1,745.8
11 Small time deposits (9) 699.1 638.9
12 Large time deposits (10),(11) 717.2 670.0
Thrift institutions
13 Savings deposits, including
MMDAs 452.1 561.8
14 Small time deposits (9) 344.5 334.4
15 Large time deposits (10) 102.9 114.0
Money market mutual funds
16 Retail 930.2 997.8 (r)
17 Institution-only 796.6 1,206.5
Repurchase agreements and
eurodollars
18 Repurchase agreements (12) 364.0 375.7
19 Eurodollars (12) 190.7 (r) 201.2 (r)
Not seasonally adjusted
Measures (2)
20 M1 1,112.3 1,203.5
21 M2 4,962.3 (r) 5,483.0 (r)
22 M3 7,145.0 (r) 8,063.8 (r)
M1 components
23 Currency (3) 535.2 584.9
24 Travelers checks (4) 8.1 7.9
25 Demand deposits (5) 326.5 348.2
26 Other checkable deposits (6) 242.5 262.5
Nontransaction components
27 In M2 (7) 3,849.9 4,279.5 (r)
28 In M3 only (8) 2,182.8 (r) 2,580.7 (r)
Commercial banks
29 Savings deposits, including
MMDAs 1,426.9 1,750.2
30 Small time deposits (9) 700.0 639.6
31 Large time deposits (10),(11) 717.6 670.1
Thrift institutions
32 Savings deposits, including
MMDAs 453.1 563.2
33 Small time deposits (9) 345.0 334.8
34 Large time deposits (10) 103.0 114.0
Money market mutual funds
35 Retail 925.0 (r) 991.7 (r)
36 Institution-only 805.6 1,217.7
Repurchase agreements and
eurodollars
37 Repurchase agreements (12) 364.2 376.5
38 Eurodollars (12) 192.4 (r) 202.4 (r)
2002
Item July (r) Aug. (r)
Seasonally adjusted
Measures (2)
1 M1 1,197.8 1,184.3
2 M2 5,639.2 5,684.6
3 M3 8,214.1 8,286.5
M1 components
4 Currency (3) 615.1 617.2
5 Travelers checks (4) 8.6 8.4
6 Demand deposits (5) 303.7 288.7
7 Other checkable deposits (6) 270.5 270.0
Nontransaction components
8 In M2 (7) 4,441.4 4,500.3
9 In M3 only (8) 2,574.9 2,601.9
Commercial banks
10 Savings deposits, including
MMDAs 1,911.8 1,964.0
11 Small time deposits (9) 613.8 608.8
12 Large time deposits (10),(11) 704.0 706.3
Thrift institutions
13 Savings deposits, including
MMDAs 641.4 654.5
14 Small time deposits (9) 307.4 306.5
15 Large time deposits (10) 110.3 111.8
Money market mutual funds
16 Retail 967.0 966.4
17 Institution-only 1,191.6 1,190.1
Repurchase agreements and
eurodollars
18 Repurchase agreements (12) 372.8 398.1
19 Eurodollars (12) 196.2 195.6
Not seasonally
adjusted
Measures (2)
20 M1 1,195.4 1,179.4
21 M2 5,612.9 5,659.1
22 M3 8,164.7 8,234.7
M1 components
23 Currency (3) 615.3 616.3
24 Travelers checks (4) 8.2 8.1
25 Demand deposits (5) 303.9 287.4
26 Other checkable deposits (6) 268.0 267.7
Nontransaction components
27 In M2 (7) 4,417.5 4,479.7
28 In M3 only (8) 2,551.7 2,575.6
Commercial banks
29 Savings deposits, including
MMDAs 1,907.9 1,957.5
30 Small time deposits (9) 611.8 608.0
31 Large time deposits (10),(11) 703.7 703.7
Thrift institutions
32 Savings deposits, including
MMDAs 640.1 652.4
33 Small time deposits (9) 306.4 306.1
34 Large time deposits (10) 110.3 111.4
Money market mutual funds
35 Retail 951.3 955.8
36 Institution-only 1,169.2 1,170.0
Repurchase agreements and
eurodollars
37 Repurchase agreements (12) 374.0 397.4
38 Eurodollars (12) 194.6 193.2
2002
Item Sept. (r) Oct.
Seasonally adjusted
Measures (2)
1 M1 1,192.7 1,201.3
2 M2 5,709.5 5,758.9
3 M3 8,314.8 8,324.5
M1 components
4 Currency (3) 617.9 619.8
5 Travelers checks (4) 8.0 7.7
6 Demand deposits (5) 292.6 295.9
7 Other checkable deposits (6) 274.2 277.8
Nontransaction components
8 In M2 (7) 4,516.8 4,557.6
9 In M3 only (8) 2,605.4 2,565.7
Commercial banks
10 Savings deposits, including
MMDAs 1,989.9 2,016.3
11 Small time deposits (9) 601.3 592.7
12 Large time deposits (10),(11) 705.0 701.0
Thrift institutions
13 Savings deposits, including
MMDAs 668.4 692.5
14 Small time deposits (9) 305.7 306.3
15 Large time deposits (10) 112.8 114.6
Money market mutual funds
16 Retail 951.5 949.8
17 Institution-only 1,176.4 1,140.8
Repurchase agreements and
eurodollars
18 Repurchase agreements (12) 417.7 415.9
19 Eurodollars (12) 193.6 193.4
Not seasonally
adjusted
Measures (2)
20 M1 1,184.0 1,195.1
21 M2 5,685.3 5,725.2
22 M3 8,246.9 8,257.7
M1 components
23 Currency (3) 616.0 617.9
24 Travelers checks (4) 7.8 7.7
25 Demand deposits (5) 289.5 295.1
26 Other checkable deposits (6) 270.6 274.5
Nontransaction components
27 In M2 (7) 4,501.4 4,530.0
28 In M3 only (8) 2,561.6 2,532.5
Commercial banks
29 Savings deposits, including
MMDAs 1,985.6 2,000.9
30 Small time deposits (9) 601.8 594.3
31 Large time deposits (10),(11) 702.6 699.9
Thrift institutions
32 Savings deposits, including
MMDAs 667.0 687.2
33 Small time deposits (9) 306.0 307.1
34 Large time deposits (10) 112.4 114.4
Money market mutual funds
35 Retail 941.0 940.5
36 Institution-only 1,143.9 1,118.9
Repurchase agreements and
eurodollars
37 Repurchase agreements (12) 411.2 408.8
38 Eurodollars (12) 191.6 190.6
NOTES TO TABLE 1.21
(1.) Latest monthly and weekly figures are available from the Board's
H.6 (508) weekly statistical release. Historical data starting in 1959
are available from the Money and Reserves Projections Section,
Division of Monetary Affairs, Board of Governors of the Federal
Reserve System, Washington, DC 20551.
(2.) Composition of the money stock measures is as follows:
M1: (1) currency outside the U.S. Treasury, Federal Reserve Banks, and
the vaults of depository institutions, (2) travelers checks of nonbank
issuers, (3) demand deposits at all commercial banks other than those
owed to depository institutions, the U.S. government, and foreign
banks and official institutions, less cash items in the process of
collection and Federal Reserve float, and (4) other checkable deposits
(OCDs), consisting of negotiable order of withdrawal (NOW) and
automatic transfer service (ATS) accounts at depository institutions,
credit union share draft accounts, and demand deposits at thrift
institutions. Seasonally adjusted M1 is computed by summing currency,
travelers checks, demand deposits, and OCDs, each seasonally adjusted
separately.
M2: M1 plus (1) savings deposits (including MMDAs), (2)
small-denomination time deposits (time deposits--including retail
RPs--in amounts of less than $100,000), and (3) balances in retail
money market mutual funds. Excludes individual retirement accounts
(IRAs) and Keogh balances 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.
(3.) Currency outside the U.S. Treasury, Federal Reserve Banks, and
vaults of depository institutions.
(4.) Outstanding amount of U.S. dollar-denominated travelers checks
of nonbank issuers. Travelers checks issued by depository institutions
are included in demand deposits.
(5.) Demand deposits at commercial banks and foreign-related
institutions other than those owed to depository institutions, the
U.S. government, and foreign banks and official institutions, less
cash items in the process of collection and Federal Reserve float.
(6.) Consists of NOW and ATS account balances at all depository
institutions, credit union share draft account balances, and demand
deposits at thrift institutions.
(7.) Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances.
(8.) Sum of (1) large time deposits, (2) institutional money fund
balances, (3) RP liabilities (overnight and term) issued by
depository institutions, and (4) eurodollars (overnight and
term) of U.S. addressees.
(9.) Small time deposits--including retail RPs--are those issued in
amounts of less than $100,000. All IRAs and Keogh accounts at
commercial banks and thrift institutions are subtracted from small
time deposits.
(10.) Large time deposits are those issued in amounts of $100,000
or more, excluding those booked at international banking facilities.
(11.) Large time deposits at commercial banks less those held by
money market funds, depository institutions, the U.S. government,
and foreign banks and official institutions.
(12.) Includes both overnight and term.
Commercial Banking Institutions--Assets and Liabilities
1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities (1)
A. All commercial banks
Billions of dollars
Monthly averages
2001 2002
Account Oct. Apr. (r) May (r) June (r)
Seasonally adjusted
Assets
1 Bank credit 5,422.9 (r) 5,449.4 5,507.7 5,553.7
2 Securities in bank
credit 1,470.8 (r) 1,501.7 1,536.9 1,565.9
3 U.S. government
securities 825.0 869.5 895.2 912.4
4 Other securities 645.8 (r) 632.1 641.8 653.5
5 Loans and leases in
bank credit (2) 3,952.1 (r) 3,947.8 3,970.8 3,987.8
6 Commercial and
industrial 1,051.7 (r) 1,009.0 1,004.3 997.0
7 Real estate 1,753.0 (r) 1,796.0 1,819.2 1,841.7
8 Revolving home
equity 150.8 172.1 179.7 186.4
9 Other 1,602.2 (r) 1,623.9 1,639.4 1,655.3
10 Consumer 551.1 (r) 567.9 571.1 570.7
11 Security (3) 154.1 (r) 167.0 168.7 169.1
12 Other loans and
leases 442.3 (r) 407.9 407.5 409.4
13 Interbank loans 301.6 270.7 288.4 282.4
14 Cash assets (4) 302.3 (r) 300.0 302.0 307.1
15 Other assets (5) 495.9 482.1 488.0 483.5
16 Total assets (6) 6,452.0 (r) 6,426.9 6,510.4 6,551.0
Liabilities
17 Deposits 4,181.5 4,334.2 4,368.6 4,392.8
18 Transaction 640.8 602.0 609.5 598.8
19 Nontransaction 3,540.7 3,732.3 3,759.1 3,794.1
20 Large time 982.7 1,042.9 1,046.2 1,039.3
21 Other 2,558.0 2,689.3 2,712.9 2,754.8
22 Borrowings 1,266.2 1,220.0 1,245.6 1,241.3
23 From banks in the
U.S. 412.6 382.6 385.1 380.4
24 From others 853.7 837.5 860.4 860.9
25 Net due to related
foreign offices 178.2 103.7 92.2 90.9
26 Other liabilities 373.3 320.7 336.7 368.6
27 Total liabilities 5,999.3 5,978.6 6,043.1 6,093.6
28 Residual (assets less
liabilities) (7) 452.7 (r) 448.3 467.4 457.4
Not seasonally adjusted
Assets
29 Bank credit 5,425.7 (r) 5,446.3 5,501.6 5,548.2
30 Securities in bank
credit 1,470.5 (r) 1,501.1 1,534.2 1,561.7
31 U.S. government
securities 821.8 871.3 892.8 909.6
32 Other securities 648.7 (r) 629.7 641.3 652.1
33 Loans and leases in
bank credit (2) 3,955.2 (r) 3,945.2 3,967.4 3,986.5
34 Commercial and
industrial 1,053.1 (r) 1,013.1 1,007.8 999.2
35 Real estate 1,754.8 (r) 1,792.7 1,821.8 1,842.6
36 Revolving home
equity 151.2 171.5 180.1 186.6
37 Other 1,603.6 (r) 1,621.2 1,641.7 1,656.0
38 Consumer 551.5 (r) 564.5 569.3 566.5
39 Credit cards and
related plans 216.3 223.5 222.8 221.0
40 Other 335.2 (r) 340.9 346.5 345.5
41 Security (3) 156.3 (r) 166.1 162.3 168.1
42 Other loans and
leases 439.5 (r) 408.9 406.2 410.0
43 Interbank loans 296.6 280.6 285.0 284.5
44 Cash assets (4) 304.1 (r) 299.1 299.2 299.4
45 Other assets (5) 494.6 482.6 487.7 481.6
46 Total assets (6) 6,450.6 (r) 6,433.4 6,497.8 6,537.9
Liabilities
47 Deposits 4,166.8 4,358.4 4,361.6 4,380.6
48 Transaction 635.1 610.4 601.5 595.7
49 Nontransaction 3,531.7 3,748.0 3,760.1 3,784.8
50 Large time 977.1 1,045.5 1,049.8 1,037.0
51 Other 2,554.5 2,702.5 2,710.3 2,747.8
52 Borrowings 1,268.1 1,226.2 1,252.0 1,240.3
53 From banks in the
U.S. 410.7 387.5 386.4 377.9
54 From others 857.4 838.7 865.6 862.4
55 Net due to related
foreign offices 177.6 95.1 91.7 87.0
56 Other liabilities 373.6 313.3 336.2 365.8
57 Total liabilities 5,986.0 5,993.0 6,041.5 6,073.7
58 Residual (assets less
liabilities) (7) 464.5 (r) 440.4 456.3 464.2
Monthly averages
2002
Account July (r) Aug. (r) Sept. (r) Oct.
Seasonally adjusted
Assets
1 Bank credit 5,601.1 5,684.0 5,740.7 5,768.6
2 Securities in bank
credit 1,597.2 1,636.3 1,646.6 1,643.8
3 U.S. government
securities 922.6 950.9 967.7 975.7
4 Other securities 674.6 685.4 678.9 668.1
5 Loans and leases in
bank credit (2) 4,003.8 4,047.7 4,094.1 4,124.8
6 Commercial and
industrial 983.6 983.7 976.9 972.0
7 Real estate 1,872.6 1,903.5 1,937.4 1,970.2
8 Revolving home
equity 193.3 198.0 201.2 205.3
9 Other 1,679.4 1,705.6 1,736.2 1,764.8
10 Consumer 567.2 577.3 585.4 587.5
11 Security (3) 176.3 175.8 180.8 181.8
12 Other loans and
leases 404.1 407.3 413.6 413.4
13 Interbank loans 287.9 303.6 315.0 323.0
14 Cash assets (4) 308.2 314.9 312.1 312.6
15 Other assets (5) 490.3 504.7 501.3 511.8
16 Total assets (6) 6,611.9 6,731.8 6,793.7 6,840.1
Liabilities
17 Deposits 4,433.2 4,476.0 4,485.8 4,493.5
18 Transaction 614.2 601.1 585.9 613.2
19 Nontransaction 3,819.0 3,874.9 3,899.9 3,880.2
20 Large time 1,048.8 1,048.4 1,042.6 1,026.6
21 Other 2,770.2 2,826.5 2,857.3 2,853.7
22 Borrowings 1,241.2 1,301.9 1,323.0 1,327.4
23 From banks in the
U.S. 386.6 405.6 417.0 415.3
24 From others 854.6 896.3 905.9 912.1
25 Net due to related
foreign offices 90.4 90.8 99.6 122.5
26 Other liabilities 397.2 416.3 424.7 427.6
27 Total liabilities 6,162.1 6,284.9 6,333.0 6,371.0
28 Residual (assets less
liabilities) (7) 449.8 446.9 460.7 469.1
Not seasonally adjusted
Assets
29 Bank credit 5,574.4 5,661.5 5,733.9 5,772.7
30 Securities in bank
credit 1,583.1 1,627.6 1,642.9 1,643.1
31 U.S. government
securities 914.3 944.6 964.2 971.9
32 Other securities 668.8 683.1 678.6 671.2
33 Loans and leases in
bank credit (2) 3,991.3 4,033.9 4,091.0 4,129.5
34 Commercial and
industrial 982.5 978.2 974.8 973.3
35 Real estate 1,872.0 1,904.6 1,939.5 1,972.3
36 Revolving home
equity 193.1 198.1 202.2 205.9
37 Other 1,678.9 1,706.6 1,737.3 1,766.4
38 Consumer 561.3 573.9 584.9 588.1
39 Credit cards and
related plans 215.4 224.5 231.3 232.3
40 Other 345.9 349.3 353.5 355.8
41 Security (3) 171.7 171.3 179.0 184.2
42 Other loans and
leases 403.8 405.9 412.8 411.7
43 Interbank loans 282.0 297.2 307.3 317.7
44 Cash assets (4) 299.0 300.7 309.0 314.9
45 Other assets (5) 488.9 501.9 503.9 510.5
46 Total assets (6) 6,569.0 6,685.9 6,778.3 6,840.1
Liabilities
47 Deposits 4,403.9 4,429.0 4,453.8 4,478.4
48 Transaction 606.8 585.7 579.7 608.1
49 Nontransaction 3,797.1 3,843.3 3,874.0 3,870.3
50 Large time 1,037.7 1,032.7 1,028.1 1,020.4
51 Other 2,759.4 2,810.5 2,846.0 2,849.9
52 Borrowings 1,231.1 1,281.5 1,320.4 1,329.4
53 From banks in the
U.S. 382.5 400.4 410.2 413.6
54 From others 848.6 881.1 910.2 915.8
55 Net due to related
foreign offices 81.4 87.9 100.1 122.0
56 Other liabilities 388.7 413.6 424.8 427.7
57 Total liabilities 6,105.0 6,212.0 6,299.0 6,357.4
58 Residual (assets less
liabilities) (7) 464.0 473.9 479.3 482.8
Wednesday figures
2002
Account Oct. 9 Oct. 16 Oct. 23 Oct. 30
Seasonally adjusted
Assets
1 Bank credit 5,771.5 5,747.0 5,765.4 5,788.0
2 Securities in bank
credit 1,652.9 1,611.3 1,636.0 1,664.0
3 U.S. government
securities 971.3 951.4 984.9 991.2
4 Other securities 681.6 659.9 651.1 672.8
5 Loans and leases in
bank credit (2) 4,118.7 4,135.6 4,129.4 4,124.1
6 Commercial and
industrial 969.6 975.1 973.2 971.3
7 Real estate 1,967.3 1,967.0 1,968.6 1,981.4
8 Revolving home
equity 204.7 205.3 205.4 206.3
9 Other 1,762.7 1,761.7 1,763.2 1,775.1
10 Consumer 585.0 588.9 588.0 588.5
11 Security (3) 185.7 187.1 186.5 172.0
12 Other loans and
leases 411.1 417.5 413.2 410.8
13 Interbank loans 310.5 327.1 330.0 324.7
14 Cash assets (4) 292.1 320.4 317.6 317.7
15 Other assets (5) 515.4 507.3 512.0 514.7
16 Total assets (6) 6,814.1 6,825.7 6,848.9 6,869.1
Liabilities
17 Deposits 4,472.1 4,512.0 4,487.8 4,497.8
18 Transaction 561.2 610.3 636.3 660.5
19 Nontransaction 3,910.9 3,901.7 3,851.6 3,837.4
20 Large time 1,037.1 1,022.5 1,023.7 1,021.9
21 Other 2,873.8 2,879.1 2,827.9 2,815.5
22 Borrowings 1,313.0 1,320.8 1,331.5 1,340.7
23 From banks in the
U.S. 410.5 420.9 413.3 414.6
24 From others 902.5 900.0 918.2 926.1
25 Net due to related
foreign offices 115.4 122.5 138.3 122.7
26 Other liabilities 442.8 414.9 409.0 438.7
27 Total liabilities 6,343.3 6,370.3 6,366.6 6,399.9
28 Residual (assets less
liabilities) (7) 470.8 455.4 482.3 469.1
Not seasonally adjusted
Assets
29 Bank credit 5,764.9 5,753.9 5,763.5 5,804.6
30 Securities in bank
credit 1,651.3 1,608.6 1,632.8 1,668.2
31 U.S. government
securities 966.8 946.5 978.9 990.5
32 Other securities 684.5 662.1 653.9 677.6
33 Loans and leases in
bank credit (2) 4,113.6 4,145.2 4,130.7 4,136.4
34 Commercial and
industrial 969.9 976.6 973.3 973.8
35 Real estate 1,969.5 1,970.0 1,969.2 1,983.8
36 Revolving home
equity 205.0 206.0 205.9 207.1
37 Other 1,764.5 1,764.0 1,763.2 1,776.8
38 Consumer 583.1 589.3 590.0 590.9
39 Credit cards and
related plans 228.2 233.6 234.3 234.0
40 Other 355.0 355.7 355.7 356.8
41 Security (3) 182.0 191.4 189.6 178.6
42 Other loans and
leases 409.1 417.9 408.6 409.3
43 Interbank loans 304.8 323.9 315.3 324.7
44 Cash assets (4) 293.2 342.8 301.0 322.1
45 Other assets (5) 516.2 506.3 504.0 514.4
46 Total assets (6) 6,803.9 6,851.2 6,808.0 6,890.1
Liabilities
47 Deposits 4,467.7 4,513.5 4,439.7 4,484.3
48 Transaction 556.8 620.6 609.0 659.5
49 Nontransaction 3,910.9 3,892.8 3,830.7 3,824.8
50 Large time 1,028.5 1,012.6 1,019.0 1,020.3
51 Other 2,882.4 2,880.2 2,811.8 2,804.4
52 Borrowings 1,310.8 1,325.7 1,330.7 1,346.0
53 From banks in the
U.S. 408.1 420.9 410.7 413.5
54 From others 902.7 904.7 920.0 932.5
55 Net due to related
foreign offices 109.5 119.5 140.0 127.7
56 Other liabilities 436.4 412.4 411.6 445.4
57 Total liabilities 6,324.4 6,371.0 6,322.0 6,403.3
58 Residual (assets less
liabilities) (7) 479.5 480.2 486.1 486.7
B. Domestically chartered commercial banks
Billions of dollars
Monthly averages
2001 2002
Account Oct. Apr. May (r) June (r)
Seasonally adjusted
Assets
1 Bank credit 4,830.3 (r) 4,851.4 4,910.5 4,948.1
2 Securities in
bank credit 1,239.1 (r) 1,276.3 1,308.5 1,331.0
3 U.S. government
securities 746.1 798.6 822.8 837.5
4 Other
securities 493.0 (r) 477.7 485.7 493.5
5 Loans and leases
in bank
credit (2) 3,591.3 (r) 3,575.1 (r) 3,602.0 3,617.1
6 Commercial and
industrial 854.8 (r) 811.0 (r) 805.6 802.4
7 Real estate 1,734.1 (r) 1,776.6 (r) 1,799.8 1,822.0
8 Revolving
home equity 150.8 172.1 179.7 186.4
9 Other 1,583.4 (r) 1,604.4 (r) 1,620.1 1,635.7
10 Consumer 551.1 (r) 567.9 (r) 571.1 570.7
11 Security (3) 78.8 82.9 88.8 84.1
12 Other loans and
leases 372.5 (r) 336.7 (r) 336.7 337.9
13 Interbank loans 277.9 248.8 265.0 262.2
14 Cash assets (4) 263.4 253.6 256.9 261.9
15 Other assets (5) 462.9 451.3 457.4 450.7
16 Total assets (6) 5,764.1 (r) 5,729.9 (r) 5,814.5 5,847.4
Liabilities
17 Deposits 3,758.1 3,827.4 3,861.0 3,884.6
18 Transaction 630.0 591.4 598.6 587.8
19 Nontransaction 3,128.2 3,236.0 3,262.4 3,296.7
20 Large time 572.9 548.9 550.7 544.7
21 Other 2,555.3 2,687.1 2,711.7 2,752.0
22 Borrowings 1,060.3 1,029.4 (r) 1,055.4 1,047.5
23 From banks in the
U.S. 389.1 360.2 (r) 364.1 359.0
24 From others 671.2 669.2 (r) 691.4 688.5
25 Net due to related
foreign offices 193.5 177.3 179.8 175.6
26 Other liabilities 295.0 252.7 264.2 286.9
27 Total liabilities 5,306.9 5,286.8 (r) 5,360.3 5,394.5
28 Residual (assets
less
liabilities) (7) 457.2 (r) 443.1 (r) 454.2 452.9
Not seasonally adjusted
Assets
29 Bank credit 4,833.0 (r) 4,848.1 (r) 4,908.3 4,945.6
30 Securities in
bank credit 1,238.7 (r) 1,275.7 1,305.8 1,326.8
31 U.S. government
securities 742.9 800.4 820.5 834.7
32 Other
securities 495.8 (r) 475.3 485.3 492.1
33 Loans and leases
in bank
credit (2) 3,594.3 (r) 3,572.5 3,602.6 3,618.8
34 Commercial and
industrial 855.5 (r) 816.4 (r) 811.4 805.7
35 Real estate 1,735.9 (r) 1,773.2 (r) 1,802.4 1,823.0
36 Revolving
home equity 151.2 171.5 180.1 186.6
37 Other 1,584.8 (r) 1,601.8 (r) 1,622.4 1,636.4
38 Consumer 551.5 (r) 564.5 (r) 569.3 566.5
39 Credit cards
and related
plans 216.3 223.5 222.8 221.0
40 Other 335.2 (r) 340.9 (r) 346.5 345.5
41 Security (3) 80.8 81.4 83.6 84.7
42 Other loans and
leases 370.5 (r) 337.0 (r) 335.8 338.8
43 Interbank loans 272.9 258.7 261.6 264.3
44 Cash assets (4) 264.4 254.6 255.6 256.2
45 Other assets (5) 462.2 451.9 457.0 450.2
46 Total assets (6) 5,762.4 (r) 5,738.5 (r) 5,807.3 5,840.7
Liabilities
47 Deposits 3,750.0 3,847.8 3,848.9 3,874.2
48 Transaction 624.1 600.4 591.0 585.1
49 Nontransaction 3,125.9 3,247.4 3,257.9 3,289.0
50 Large time 574.1 547.2 548.9 544.0
51 Other 2,551.8 2,700.2 2,709.0 2,745.1
52 Borrowings 1,062.2 1,035.6 (r) 1,061.9 1,046.5
53 From banks in the
U.S. 387.2 365.2 (r) 365.3 356.5
54 From others 674.9 670.4 (r) 696.6 690.1
55 Net due to related
foreign offices 194.4 170.6 179.4 174.3
56 Other liabilities 295.9 246.0 263.7 285.4
57 Total liabilities 5,302.4 5,299.9 (r) 5,353.8 5,380.4
58 Residual (assets
less
liabilities) (7) 460.0 (r) 438.6 (r) 453.5 460.3
Monthly averages
2002
Account July (r) Aug. (r) Sept. (r) Oct.
Seasonally adjusted
Assets
1 Bank credit 4,992.2 5,066.1 5,124.4 5,157.9
2 Securities in
bank credit 1,361.1 1,390.0 1,402.6 1,404.3
3 U.S. government
securities 847.6 869.4 881.1 888.2
4 Other
securities 513.5 520.6 521.5 516.2
5 Loans and leases
in bank
credit (2) 3,631.1 3,676.1 3,721.9 3,753.6
6 Commercial and
industrial 793.1 794.6 792.3 791.1
7 Real estate 1,852.9 1,883.7 1,917.5 1,949.6
8 Revolving
home equity 193.3 198.0 201.2 205.3
9 Other 1,659.6 1,685.8 1,716.3 1,744.3
10 Consumer 567.2 577.3 585.4 587.5
11 Security (3) 86.6 85.6 86.1 85.4
12 Other loans and
leases 331.4 334.9 340.7 340.0
13 Interbank loans 270.6 285.5 293.9 298.4
14 Cash assets (4) 263.3 270.2 268.6 269.9
15 Other assets (5) 456.6 471.2 469.3 476.0
16 Total assets (6) 5,907.5 6,018.2 6,081.1 6,126.7
Liabilities
17 Deposits 3,929.5 3,978.9 4,000.2 4,030.0
18 Transaction 603.6 590.2 574.9 602.6
19 Nontransaction 3,325.9 3,388.7 3,425.3 3,427.4
20 Large time 563.2 570.5 574.6 578.0
21 Other 2,762.7 2,818.2 2,850.8 2,849.5
22 Borrowings 1,038.1 1,087.1 1,099.4 1,098.7
23 From banks in the
U.S. 365.4 383.2 393.2 391.2
24 From others 672.7 704.0 706.1 707.6
25 Net due to related
foreign offices 181.0 179.7 184.1 191.8
26 Other liabilities 309.7 322.9 334.9 332.0
27 Total liabilities 5,458.3 5,568.6 5,618.7 5,652.6
28 Residual (assets
less
liabilities) (7) 449.2 449.6 462.5 474.1
Not seasonally adjusted
Assets
29 Bank credit 4,971.6 5,049.8 5,120.9 5,162.0
30 Securities in
bank credit 1,346.9 1,381.4 1,398.8 1,403.6
31 U.S. government
securities 839.3 863.1 877.6 884.3
32 Other
securities 507.6 518.2 521.2 519.3
33 Loans and leases
in bank
credit (2) 3,624.7 3,668.5 3,722.1 3,758.3
34 Commercial and
industrial 793.4 790.6 790.3 791.7
35 Real estate 1,852.2 1,884.8 1,919.6 1,951.8
36 Revolving
home equity 193.1 198.1 202.2 205.9
37 Other 1,659.1 1,686.8 1,717.4 1,745.8
38 Consumer 561.3 573.9 584.9 588.1
39 Credit cards
and related
plans 215.4 224.5 231.3 232.3
40 Other 345.9 349.3 353.5 355.8
41 Security (3) 85.4 84.4 87.1 87.6
42 Other loans and
leases 332.4 334.7 340.3 339.2
43 Interbank loans 264.8 279.1 286.1 293.1
44 Cash assets (4) 256.0 257.4 265.5 271.3
45 Other assets (5) 456.5 469.0 471.2 475.4
46 Total assets (6) 5,873.8 5,980.3 6,068.4 6,126.5
Liabilities
47 Deposits 3,909.2 3,946.4 3,980.2 4,022.3
48 Transaction 596.2 575.1 568.6 597.3
49 Nontransaction 3,313.1 3,371.3 3,411.6 3,425.0
50 Large time 561.0 568.8 572.0 579.2
51 Other 2,752.0 2,802.4 2,839.6 2,845.8
52 Borrowings 1,028.0 1,066.8 1,096.8 1,100.7
53 From banks in the
U.S. 361.3 378.0 386.4 389.4
54 From others 666.7 688.8 710.4 711.3
55 Net due to related
foreign offices 175.8 178.7 183.6 192.5
56 Other liabilities 303.3 321.4 334.4 332.8
57 Total liabilities 5,416.4 5,513.2 5,595.0 5,648.3
58 Residual (assets
less
liabilities) (7) 457.5 467.0 473.4 478.1
Wednesday figures
2002
Account Oct. 9 Oct. 16 Oct. 23 Oct. 30
Seasonally adjusted
Assets
1 Bank credit 5,157.0 5,139.2 5,153.8 5,179.2
2 Securities in
bank credit 1,408.8 1,374.0 1,401.2 1,425.2
3 U.S. government
securities 882.9 864.7 899.4 902.3
4 Other
securities 525.9 509.2 501.9 522.9
5 Loans and leases
in bank
credit (2) 3,748.2 3,765.2 3,752.6 3,753.9
6 Commercial and
industrial 789.6 792.9 791.0 791.1
7 Real estate 1,947.3 1,946.6 1,948.0 1,960.2
8 Revolving
home equity 204.7 205.3 205.4 206.3
9 Other 1,742.7 1,741.2 1,742.6 1,753.9
10 Consumer 585.0 588.9 588.0 588.5
11 Security (3) 89.1 93.3 86.1 75.8
12 Other loans and
leases 337.2 343.6 339.6 338.3
13 Interbank loans 288.9 303.8 304.6 295.3
14 Cash assets (4) 248.3 277.3 275.6 275.5
15 Other assets (5) 481.6 471.4 477.3 475.9
16 Total assets (6) 6,100.7 6,116.0 6,135.6 6,150.1
Liabilities
17 Deposits 3,998.3 4,046.8 4,028.3 4,040.5
18 Transaction 549.9 599.1 626.1 650.7
19 Nontransaction 3,448.4 3,447.7 3,402.2 3,389.8
20 Large time 579.7 573.5 576.2 579.8
21 Other 2,868.7 2,874.2 2,826.0 2,810.0
22 Borrowings 1,086.8 1,092.3 1,110.6 1,104.1
23 From banks in the
U.S. 387.7 394.0 391.5 390.6
24 From others 699.1 698.2 719.1 713.4
25 Net due to related
foreign offices 196.9 191.2 193.4 191.6
26 Other liabilities 345.3 321.2 317.4 339.3
27 Total liabilities 5,627.3 5,651.5 5,649.7 5,675.6
28 Residual (assets
less
liabilities) (7) 473.4 464.5 485.8 474.5
Not seasonally adjusted
Assets
29 Bank credit 5,155.5 5,145.9 5,152.5 5,190.8
30 Securities in
bank credit 1,407.3 1,371.2 1,398.1 1,429.5
31 U.S. government
securities 878.5 859.8 893.4 901.7
32 Other
securities 528.8 511.4 504.6 527.8
33 Loans and leases
in bank
credit (2) 3,748.2 3,774.6 3,754.5 3,761.3
34 Commercial and
industrial 789.9 794.1 790.8 791.9
35 Real estate 1,949.5 1,949.6 1,948.6 1,962.7
36 Revolving
home equity 205.0 206.0 205.9 207.1
37 Other 1,744.4 1,743.6 1,742.6 1,755.7
38 Consumer 583.1 589.3 590.0 590.9
39 Credit cards
and related
plans 228.2 233.6 234.3 234.0
40 Other 355.0 355.7 355.7 356.8
41 Security (3) 89.1 96.9 89.1 78.6
42 Other loans and
leases 336.6 344.7 336.0 337.3
43 Interbank loans 283.2 300.6 289.9 295.3
44 Cash assets (4) 249.7 299.0 258.0 277.9
45 Other assets (5) 482.5 470.9 470.3 476.7
46 Total assets (6) 6,096.0 6,141.1 6,095.3 6,165.3
Liabilities
47 Deposits 4,004.0 4,058.7 3,986.3 4,030.7
48 Transaction 545.9 609.0 598.8 649.4
49 Nontransaction 3,458.1 3,449.7 3,387.5 3,381.3
50 Large time 580.7 574.3 577.7 582.3
51 Other 2,877.3 2,875.4 2,809.8 2,799.0
52 Borrowings 1,084.6 1,097.1 1,109.8 1,109.4
53 From banks in the
U.S. 385.3 394.1 388.9 389.5
54 From others 699.3 703.0 720.9 719.8
55 Net due to related
foreign offices 193.0 189.9 196.5 196.8
56 Other liabilities 340.2 319.7 320.8 346.2
57 Total liabilities 5,621.7 5,665.5 5,613.4 5,683.1
58 Residual (assets
less
liabilities) (7) 474.3 475.6 481.9 482.2
C. Large domestically chartered commercial banks
Billions of dollars
Monthly averages
2001 2002
Oct. Apr. May June
Account (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 2,646.2 2,567.5 2,583.2 2,602.7
2 Securities in bank credit 644.8 645.4 664.1 683.6
3 U.S. government
securities 366.0 383.7 390.5 400.2
4 Trading account 35.8 38.1 43.0 42.4
5 Investment account 330.2 345.5 347.6 357.8
6 Other securities 278.8 261.8 273.6 283.5
7 Trading account 165.7 128.2 140.5 148.3
8 Investment account 113.1 133.6 133.1 135.2
9 State and local
government 26.8 27.2 26.9 27.3
10 Other 86.3 106.4 106.2 107.8
11 Loans and leases in bank
credit (2) 2,001.4 1,922.0 1,919.1 1,919.1
12 Commercial and
industrial 556.2 511.8 504.7 500.6
13 Bankers acceptances .0 .0 .0 .0
14 Other 556.2 511.8 504.7 500.6
15 Real estate 853.9 848.4 849.7 862.9
16 Revolving home equity 95.7 108.8 112.4 116.8
17 Other 758.1 739.6 737.4 746.0
18 Consumer 245.8 247.0 246.8 242.6
19 Security (3) 70.9 75.7 81.5 76.6
20 Federal funds sold to
and repurchase
agreements with
broker-dealers 57.3 63.4 69.2 64.6
21 Other 13.6 12.3 12.3 12.0
22 State and local
government 15.3 13.1 13.0 13.0
23 Agricultural 9.9 9.3 9.3 9.1
24 Federal funds sold to
and repurchase
agreements
with others 30.4 22.3 19.0 17.4
25 All other loans 82.6 65.2 67.3 70.1
26 Lease-financing
receivables 136.4 129.2 127.8 126.8
27 Interbank loans 175.7 159.7 169.7 161.8
28 Federal funds sold to and
repurchase agreements
with commercial banks 95.8 86.4 85.5 75.6
29 Other 79.8 73.3 84.2 86.2
30 Cash assets (4) 155.3 139.8 141.2 143.1
31 Other assets (5) 332.8 303.9 309.5 304.3
32 Total assets (6) 3,269.4 3,126.6 3,159.4 3,167.8
Liabilities
33 Deposits 1,806.1 1,819.8 1,815.1 1,817.9
34 Transaction 326.1 289.8 291.3 286.9
35 Nontransaction 1,480.0 1,530.1 1,523.8 1,530.9
36 Large time 262.8 247.5 248.9 244.0
37 Other 1,217.2 1,282.6 1,274.9 1,286.9
38 Borrowings 690.1 648.2 667.0 657.1
39 From banks in the U.S. 222.2 193.1 194.1 187.9
40 From others 467.9 455.0 472.9 469.2
41 Net due to related foreign
offices 183.9 167.6 168.1 163.9
42 Other liabilities 230.8 181.2 189.3 210.7
43 Total liabilities 2,910.9 2,816.8 2,839.5 2,849.5
44 Residual (assets less
liabilities) (7) 358.4 309.8 319.9 318.2
Not seasonally adjusted
Assets
45 Bank credit 2,643.9 2,567.1 2,583.2 2,602.9
46 Securities in bank credit 645.5 643.5 662.1 680.0
47 U.S. government
securities 363.8 384.2 389.0 397.9
48 Trading account 35.5 38.2 42.8 42.2
49 Investment account 328.3 346.0 346.2 355.7
50 Mortgage-backed
securities 261.5 268.1 272.1 277.5
51 Other 66.8 77.8 74.1 78.2
52 One year or less 16.7 18.4 16.1 14.9
53 One to five years 32.2 46.5 45.1 50.0
54 More than five
years 17.9 12.9 12.9 13.3
55 Other securities 281.6 259.4 273.1 282.1
56 Trading account 167.4 127.0 140.2 147.5
57 Investment account 114.2 132.4 132.9 134.5
58 State and local
government 27.1 27.0 26.9 27.2
59 Other 87.2 105.4 106.0 107.3
60 Loans and leases in bank
credit (2) 1,998.5 1,923.6 1,921.0 1,922.9
61 Commercial and
industrial 557.1 515.2 508.2 501.8
62 Bankers acceptances .0 .0 .0 .0
63 Other 557.1 515.2 508.2 501.8
64 Real estate 852.8 847.2 853.2 864.8
65 Revolving home equity 95.8 108.4 112.9 117.3
66 Other 440.5 426.0 426.6 435.6
67 Commercial 316.6 312.8 313.7 311.9
68 Consumer 242.9 247.4 247.5 242.5
69 Credit cards and
related plans 75.8 74.2 74.2 71.9
70 Other 167.1 173.2 173.2 170.6
71 Security (3) 73.1 74.0 76.4 77.3
72 Federal funds sold to
and repurchase
agreements with
broker-dealers 59.0 62.0 64.9 65.2
73 Other 14.0 12.1 11.5 12.1
74 State and local
government 15.3 13.1 13.0 13.0
75 Agricultural 9.9 9.2 9.3 9.3
76 Federal funds sold to
and repurchase
agreements with
others 29.3 22.3 19.0 17.4
77 All other loans 82.4 65.3 66.7 70.5
78 Lease-financing
receivables 135.7 129.8 127.8 126.4
79 Interbank loans 171.5 163.5 170.9 166.9
80 Federal funds sold to and
repurchase agreements
with commercial banks 93.5 88.5 86.1 77.9
81 Other 77.9 75.0 84.8 88.9
82 Cash assets (4) 155.8 142.4 140.7 139.0
83 Other assets (5) 332.0 304.5 309.1 303.8
84 Total assets (6) 3,263.1 3,133.6 3,159.6 3,168.3
Liabilities
85 Deposits 1,802.3 1,827.3 1,809.6 1,816.4
86 Transaction 321.5 297.1 288.5 285.4
87 Nontransaction 1,480.8 1,530.2 1,521.2 1,531.0
88 Large time 264.0 245.8 247.1 243.3
89 Other 1,216.9 1,284.5 1,274.1 1,287.7
90 Borrowings 691.9 654.3 673.4 656.2
91 From banks in the U.S. 220.3 198.1 195.3 185.4
92 From nonbanks in the U.S. 471.6 456.2 478.1 470.7
93 Net due to related foreign
offices 184.8 160.8 167.8 162.6
94 Other liabilities 231.7 174.5 188.8 209.1
95 Total liabilities 2,910.8 2,817.0 2,839.6 2,844.3
96 Residual (assets less
liabilities) (7) 352.3 316.6 320.0 324.0
Monthly averages
2002
July Aug. Sept.
Account (r) (r) (r) Oct.
Seasonally adjusted
Assets
1 Bank credit 2,636.4 2,684.2 2,720.9 2,734.5
2 Securities in bank credit 713.3 736.6 745.5 743.3
3 U.S. government
securities 410.9 427.5 432.0 435.3
4 Trading account 43.1 48.0 42.6 37.8
5 Investment account 367.9 379.5 389.4 397.5
6 Other securities 302.3 309.1 313.5 308.0
7 Trading account 168.8 174.5 172.7 161.5
8 Investment account 133.5 134.6 140.8 146.5
9 State and local
government 28.3 28.0 28.4 28.7
10 Other 105.3 106.5 112.4 117.8
11 Loans and leases in bank
credit (2) 1,923.1 1,947.6 1,975.5 1,991.2
12 Commercial and
industrial 489.2 488.2 484.7 483.0
13 Bankers acceptances .0 .0 .0 .0
14 Other 489.2 488.2 484.7 483.0
15 Real estate 883.0 902.0 922.9 942.3
16 Revolving home equity 121.6 124.5 126.8 129.5
17 Other 761.4 777.5 796.1 812.8
18 Consumer 243.3 248.8 254.3 255.3
19 Security (3) 78.8 77.5 77.8 77.0
20 Federal funds sold to
and repurchase
agreements with
broker-dealers 66.3 66.2 67.8 66.7
21 Other 12.5 11.3 10.0 10.3
22 State and local
government 12.8 12.9 13.0 12.9
23 Agricultural 9.0 8.2 8.2 8.1
24 Federal funds sold to
and repurchase
agreements
with others 13.6 16.5 19.6 19.0
25 All other loans 67.2 67.5 69.2 69.4
26 Lease-financing
receivables 126.3 126.1 125.9 124.2
27 Interbank loans 163.4 174.8 180.3 180.0
28 Federal funds sold to and
repurchase agreements
with commercial banks 75.7 85.1 87.4 82.4
29 Other 87.7 89.7 92.8 97.6
30 Cash assets (4) 142.4 146.8 144.3 143.8
31 Other assets (5) 310.5 319.0 313.7 321.7
32 Total assets (6) 3,208.6 3,281.5 3,316.2 3,337.0
Liabilities
33 Deposits 1,847.2 1,872.9 1,883.6 1,899.9
34 Transaction 292.4 282.6 268.5 287.1
35 Nontransaction 1,554.8 1,590.3 1,615.1 1,612.8
36 Large time 261.2 268.0 271.6 272.5
37 Other 1,293.6 1,322.3 1,343.5 1,340.3
38 Borrowings 643.6 677.9 673.2 668.8
39 From banks in the U.S. 191.2 200.9 206.5 205.3
40 From others 452.5 477.0 466.7 463.5
41 Net due to related foreign
offices 171.2 171.2 175.5 179.5
42 Other liabilities 233.6 244.0 254.7 251.4
43 Total liabilities 2,895.6 2,966.0 2,986.9 2,999.6
44 Residual (assets less
liabilities) (7) 313.0 315.5 329.2 337.4
Not seasonally adjusted
Assets
45 Bank credit 2,621.1 2,670.9 2,715.4 2.733.2
46 Securities in bank credit 701.2 730.3 742.8 743.8
47 U.S. government
securities 404.8 423.6 429.6 432.7
48 Trading account 42.4 47.6 42.4 37.6
49 Investment account 362.3 376.0 387.2 395.1
50 Mortgage-backed
securities 287.3 304.5 308.0 312.9
51 Other 75.0 71.5 79.1 82.2
52 One year or less 18.7 17.4 19.9 21.9
53 One to five years 43.7 42.2 46.3 50.0
54 More than five
years 12.7 11.8 12.9 10.4
55 Other securities 296.5 306.7 313.2 311.2
56 Trading account 165.5 173.1 172.6 163.2
57 Investment account 131.0 133.6 140.7 148.0
58 State and local
government 27.7 27.8 28.4 29.0
59 Other 103.3 105.7 112.3 119.0
60 Loans and leases in bank
credit (2) 1,919.9 1,940.6 1,972.6 1,989.4
61 Commercial and
industrial 488.9 485.8 484.3 483.7
62 Bankers acceptances .0 .0 .0 .0
63 Other 488.9 485.8 484.3 483.7
64 Real estate 883.2 902.5 923.3 941.2
65 Revolving home equity 121.9 124.9 127.3 129.5
66 Other 449.2 464.9 482.7 495.8
67 Commercial 312.1 312.7 313.3 315.9
68 Consumer 241.4 246.6 251.8 252.4
69 Credit cards and
related plans 70.7 73.4 75.7 74.6
70 Other 170.7 173.2 176.0 177.8
71 Security (3) 77.7 76.4 79.0 79.3
72 Federal funds sold to
and repurchase
agreements with
broker-dealers 65.4 65.2 68.9 68.7
73 Other 12.3 11.2 10.1 10.6
74 State and local
government 12.8 12.9 13.0 12.9
75 Agricultural 9.2 8.3 8.2 8.0
76 Federal funds sold to
and repurchase
agreements with
others 13.6 16.5 19.6 19.0
77 All other loans 67.4 67.0 69.4 69.3
78 Lease-financing
receivables 125.6 124.8 124.0 123.6
79 Interbank loans 162.4 170.2 175.3 175.7
80 Federal funds sold to and
repurchase agreements
with commercial banks 75.3 82.9 85.1 80.4
81 Other 87.2 87.3 90.2 95.2
82 Cash assets (4) 137.0 137.8 141.5 144.7
83 Other assets (5) 310.4 316.8 315.7 321.0
84 Total assets (6) 3,187.0 3,252.2 3,304.6 3,331.9
Liabilities
85 Deposits 1,839.1 1,856.5 1,874.9 1,896.9
86 Transaction 287.4 271.1 264.1 283.1
87 Nontransaction 1,551.7 1,585.4 1,610.8 1,613.8
88 Large time 259.1 266.3 269.0 273.7
89 Other 1,292.6 1,319.0 1,341.8 1,340.0
90 Borrowings 633.6 657.5 670.6 670.8
91 From banks in the U.S. 187.1 195.7 199.7 203.6
92 From nonbanks in the U.S. 446.4 461.9 470.9 467.2
93 Net due to related foreign
offices 166.0 170.2 175.0 180.2
94 Other liabilities 227.2 242.5 254.2 252.2
95 Total liabilities 2,865.9 2,926.7 2,974.6 3,000.1
96 Residual (assets less
liabilities) (7) 321.1 325.5 330.0 331.8
Wednesday figures
2002
Account Oct. 9 Oct. 16 Oct. 23 Oct. 30
Seasonally adjusted
Assets
1 Bank credit 2,740.5 2,720.0 2,728.8 2,745.2
2 Securities in bank credit 747.9 715.4 741.6 761.2
3 U.S. government
securities 429.7 414.9 448.3 446.0
4 Trading account 35.1 35.3 39.7 39.5
5 Investment account 394.6 379.6 408.6 406.5
6 Other securities 318.3 300.4 293.3 315.2
7 Trading account 171.6 153.6 147.7 168.8
8 Investment account 146.6 146.8 145.6 146.4
9 State and local
government 28.6 28.6 28.9 28.7
10 Other 118.1 118.2 116.8 117.7
11 Loans and leases in bank
credit (2) 1,992.6 2,004.7 1,987.1 1,984.0
12 Commercial and
industrial 481.4 485.3 483.4 482.3
13 Bankers acceptances n.a. n.a. n.a. n.a.
14 Other 481.4 485.3 483.4 482.3
15 Real estate 943.9 941.4 939.6 946.2
16 Revolving home equity 129.1 129.7 129.5 130.0
17 Other 814.8 811.7 810.1 816.2
18 Consumer 255.2 255.7 254.5 256.2
19 Security (3) 80.8 84.8 77.5 67.4
20 Federal funds sold to
and repurchase
agreements with
broker-dealers 71.0 74.5 67.6 56.2
21 Other 9.8 10.3 9.9 11.2
22 State and local
government 13.3 13.1 13.1 12.1
23 Agricultural 8.0 8.1 8.1 8.2
24 Federal funds sold to
and repurchase
agreements
with others 17.5 20.7 17.5 19.9
25 All other loans 68.1 71.2 69.2 68.0
26 Lease-financing
receivables 124.3 124.3 124.1 123.9
27 Interbank loans 175.7 185.5 182.1 174.2
28 Federal funds sold to and
repurchase agreements
with commercial banks 76.9 88.3 81.4 79.2
29 Other 98.7 97.2 100.7 94.9
30 Cash assets (4) 129.1 149.3 145.4 149.3
31 Other assets (5) 326.7 316.5 325.5 322.0
32 Total assets (6) 3,329.2 3,328.2 3,338.6 3,347.5
Liabilities
33 Deposits 1,884.3 1,913.2 1,896.1 1,900.5
34 Transaction 253.2 289.1 301.0 315.0
35 Nontransaction 1,631.0 1,624.1 1,595.1 1,585.4
36 Large time 274.9 267.9 270.6 273.7
37 Other 1,356.1 1,356.2 1,324.5 1,311.7
38 Borrowings 661.1 666.3 674.8 672.6
39 From banks in the U.S. 202.9 207.8 200.5 208.6
40 From others 458.2 458.5 474.3 464.0
41 Net due to related foreign
offices 183.1 177.2 182.4 179.5
42 Other liabilities 265.8 241.0 236.6 257.4
43 Total liabilities 2,994.3 2,997.7 2,989.8 3,010.0
44 Residual (assets less
liabilities) (7) 334.9 330.5 348.8 337.5
Not seasonally adjusted
Assets
45 Bank credit 2,736.0 2,720.3 2,721.6 2,749.6
46 Securities in bank credit 747.9 714.0 739.6 766.0
47 U.S. government
securities 426.7 411.4 443.5 445.9
48 Trading account 34.8 35.1 39.2 39.5
49 Investment account 391.9 376.3 404.3 406.4
50 Mortgage-backed
securities 306.1 292.1 324.2 327.5
51 Other 85.8 84.3 80.1 78.9
52 One year or less 21.2 21.9 22.5 21.9
53 One to five years 53.3 51.8 47.8 47.6
54 More than five
years 11.3 10.6 9.8 9.4
55 Other securities 321.2 302.6 296.1 320.1
56 Trading account 173.2 154.8 149.1 171.4
57 Investment account 148.0 147.9 147.0 148.7
58 State and local
government 28.8 28.8 29.2 29.1
59 Other 119.2 119.0 117.9 119.6
60 Loans and leases in bank
credit (2) 1,988.1 2,006.2 1,982.0 1,983.6
61 Commercial and
industrial 482.2 486.4 483.0 483.2
62 Bankers acceptances n.a. n.a. n.a. n.a.
63 Other 482.2 486.4 483.0 483.2
64 Real estate 943.7 941.0 936.7 944.7
65 Revolving home equity 129.0 129.8 129.4 130.0
66 Other 500.0 496.0 490.7 497.0
67 Commercial 314.6 315.2 316.6 317.6
68 Consumer 251.5 252.4 251.7 253.9
69 Credit cards and
related plans 74.2 74.7 74.0 75.5
70 Other 177.3 177.7 177.7 178.5
71 Security (3) 80.8 88.5 80.9 70.3
72 Federal funds sold to
and repurchase
agreements with
broker-dealers 71.0 77.7 70.6 58.6
73 Other 9.8 10.8 10.3 11.7
74 State and local
government 13.3 13.1 13.1 12.1
75 Agricultural 8.0 8.1 8.0 8.1
76 Federal funds sold to
and repurchase
agreements with
others 17.5 20.7 17.5 19.9
77 All other loans 67.3 72.3 67.7 68.2
78 Lease-financing
receivables 123.8 123.8 123.3 123.3
79 Interbank loans 167.0 181.9 173.2 176.8
80 Federal funds sold to and
repurchase agreements
with commercial banks 73.2 86.6 77.4 80.4
81 Other 93.9 95.3 95.8 96.4
82 Cash assets (4) 128.2 164.1 135.6 150.7
83 Other assets (5) 327.6 316.0 318.5 322.8
84 Total assets (6) 3,316.1 3,339.5 3,306.3 3,357.1
Liabilities
85 Deposits 1,887.0 1,923.2 1,871.4 1,898.0
86 Transaction 248.3 295.8 283.1 314.5
87 Nontransaction 1,638.7 1,627.4 1,588.3 1,583.5
88 Large time 275.9 268.6 272.0 276.3
89 Other 1,362.8 1,358.8 1,316.3 1,307.3
90 Borrowings 658.9 671.1 674.0 677.9
91 From banks in the U.S. 200.4 207.9 197.9 207.5
92 From nonbanks in the U.S. 458.5 463.2 476.1 470.4
93 Net due to related foreign
offices 179.1 176.0 185.5 184.7
94 Other liabilities 260.7 239.4 239.9 264.3
95 Total liabilities 2,985.8 3,009.7 2,970.8 3,024.9
96 Residual (assets less
liabilities) (7) 330.4 329.8 335.5 332.1
D. Small domestically chartered commercial banks
Billions of dollars
Monthly averages
2001 2002
Apr. May June
Account Oct. (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 2,184.1 2,283.9 2,327.3 2,345.3
2 Securities in bank credit 594.3 630.8 644.4 647.3
3 U.S. government
securities 380.1 415.0 432.3 437.3
4 Other securities 214.2 215.9 212.2 210.0
5 Loans and leases in bank
credit (2) 1,589.9 1,653.0 1,682.9 1,698.0
6 Commercial and
industrial 298.6 299.2 300.8 301.8
7 Real estate 880.3 928.1 950.1 959.1
8 Revolving home equity 55.0 63.3 67.4 69.5
9 Other 825.3 864.8 882.7 889.6
10 Consumer 305.3 320.9 324.3 328.0
11 Security (3) 7.8 7.2 7.3 7.6
12 Other loans and leases 97.9 97.6 100.4 101.5
13 Interbank loans 102.2 89.1 95.3 100.4
14 Cash assets (4) 108.1 113.8 115.6 118.8
15 Other assets (5) 130.1 147.4 147.9 146.4
16 Total assets (6) 2,494.7 2,603.4 2,655.0 2,679.7
Liabilities
17 Deposits 1,952.0 2,007.5 2,045.9 2,066.7
18 Transaction 303.9 301.6 307.3 300.9
19 Nontransaction 1,648.2 1,705.9 1,738.6 1,765.8
20 Large time 310.1 301.4 301.8 300.7
21 Other 1,338.0 1,404.5 1,436.8 1,465.1
22 Borrowings 370.2 381.2 388.4 390.4
23 From banks in the U.S. 166.9 167.1 169.9 171.0
24 From others 203.3 214.1 218.5 219.3
25 Net due to related foreign
offices 9.6 9.7 11.6 11.7
26 Other liabilities 64.2 71.5 74.9 76.3
27 Total liabilities 2,396.0 2,470.0 2,520.8 2,545.0
28 Residual (assets less
liabilities) (7) 98.7 133.4 134.2 134.7
Not seasonally adjusted
Assets
29 Bank credit 2,189.1 2,281.0 2,325.2 2,342.7
30 Securities in bank credit 593.3 632.1 643.6 646.8
31 U.S. government
securities 379.1 416.2 431.5 436.8
32 Other securities 214.2 215.9 212.2 210.0
33 Loans and leases in bank
credit (2) 1,595.8 1,648.9 1,681.5 1,695.8
34 Commercial and
industrial 298.5 301.1 303.2 303.9
35 Real estate 883.1 926.1 949.3 958.2
36 Revolving home equity 55.4 63.1 67.2 69.3
37 Other 827.7 863.0 882.1 888.9
38 Consumer 308.6 317.1 321.8 324.0
39 Credit cards and
related plans 140.5 149.3 148.6 149.2
40 Other 168.1 167.7 173.2 174.9
41 Security (3) 7.7 7.4 7.1 7.4
42 Other loans and leases 97.9 97.3 100.1 102.2
43 Interbank loans 101.4 95.1 90.7 97.4
44 Cash assets (4) 108.5 112.2 115.0 117.2
45 Other assets (5) 130.1 147.4 147.9 146.4
46 Total assets (6) 2,499.3 2,604.9 2,647.6 2,672.4
Liabilities
47 Deposits 1,947.7 2,020.5 2,039.2 2,057.8
48 Transaction 302.6 303.3 302.5 299.8
49 Nontransaction 1,645.1 1,717.2 1,736.7 1,758.0
50 Large time 310.1 301.4 301.8 300.7
51 Other 1,334.9 1,415.8 1,434.9 1,457.4
52 Borrowings 370.2 381.2 388.4 390.4
53 From banks in the U.S. 166.9 167.1 169.9 171.0
54 From others 203.3 214.1 218.5 219.3
55 Net due to related foreign
offices 9.6 9.7 11.6 11.7
56 Other liabilities 64.2 71.5 74.9 76.3
57 Total liabilities 2,391.6 2,482.9 2,514.2 2,536.1
58 Residual (assets less
liabilities) (7) 107.7 122.0 133.4 136.3
Monthly averages
2002
July Aug. Sept. Oct.
Account (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 2,355.8 2,381.9 2,403.5 2,423.4
2 Securities in bank credit 647.8 653.4 657.1 661.0
3 U.S. government
securities 436.7 441.9 449.1 452.9
4 Other securities 211.1 211.5 208.0 208.1
5 Loans and leases in bank
credit (2) 1,708.0 1,728.5 1,746.4 1,762.4
6 Commercial and
industrial 303.9 306.4 307.6 308.1
7 Real estate 969.9 981.7 994.6 1,007.3
8 Revolving home equity 71.7 73.4 74.4 75.8
9 Other 898.2 908.3 920.2 931.5
10 Consumer 323.9 328.6 331.1 332.1
11 Security (3) 7.8 8.1 8.3 8.4
12 Other loans and leases 102.5 103.8 104.9 106.4
13 Interbank loans 107.2 110.7 113.6 118.4
14 Cash assets (4) 120.9 123.4 124.4 126.1
15 Other assets (5) 146.1 152.3 155.5 154.4
16 Total assets (6) 2,698.9 2,736.7 2,765.0 2,789.7
Liabilities
17 Deposits 2,082.3 2,106.0 2,116.7 2,130.1
18 Transaction 311.2 307.7 306.4 315.5
19 Nontransaction 1,771.1 1,798.3 1,810.3 1,814.6
20 Large time 302.0 302.5 303.0 305.5
21 Other 1,469.1 1,495.8 1,507.2 1,509.1
22 Borrowings 394.5 409.3 426.2 429.9
23 From banks in the U.S. 174.2 182.3 186.7 185.9
24 From others 220.2 226.9 239.4 244.0
25 Net due to related foreign
offices 9.8 8.5 8.6 12.3
26 Other liabilities 76.1 78.9 80.3 80.6
27 Total liabilities 2,562.7 2,602.6 2,631.7 2,652.9
28 Residual (assets less
liabilities) (7) 136.2 134.1 133.2 136.8
Not seasonally adjusted
Assets
29 Bank credit 2,350.5 2,378.9 2,405.6 2,428.8
30 Securities in bank credit 645.7 651.1 656.0 659.8
31 U.S. government
securities 434.5 439.5 448.0 451.7
32 Other securities 211.1 211.5 208.0 208.1
33 Loans and leases in bank
credit (2) 1,704.8 1,727.9 1,749.5 1,769.0
34 Commercial and
industrial 304.4 304.8 305.9 308.0
35 Real estate 969.0 982.4 996.3 1,010.6
36 Revolving home equity 71.2 73.2 74.9 76.4
37 Other 897.8 909.2 921.4 934.2
38 Consumer 319.9 327.3 333.1 335.7
39 Credit cards and
related plans 144.7 151.1 155.6 157.7
40 Other 175.2 176.2 177.5 178.0
41 Security (3) 7.7 8.0 8.1 8.3
42 Other loans and leases 103.8 105.3 106.1 106.4
43 Interbank loans 102.3 108.9 110.9 117.4
44 Cash assets (4) 119.0 119.6 124.0 126.6
45 Other assets (5) 146.1 152.3 155.5 154.4
46 Total assets (6) 2,686.8 2,728.1 2,763.9 2,794.6
Liabilities
47 Deposits 2,070.1 2,089.9 2,105.3 2,125.4
48 Transaction 308.8 304.0 304.5 314.2
49 Nontransaction 1,761.4 1,785.9 1,800.8 1,811.2
50 Large time 302.0 302.5 303.0 305.5
51 Other 1,459.4 1,483.4 1,497.8 1,505.7
52 Borrowings 394.5 409.3 426.2 429.9
53 From banks in the U.S. 174.2 182.3 186.7 185.9
54 From others 220.2 226.9 239.4 244.0
55 Net due to related foreign
offices 9.8 8.5 8.6 12.3
56 Other liabilities 76.1 78.9 80.3 80.6
57 Total liabilities 2,550.5 2,586.5 2,620.4 2,648.2
58 Residual (assets less
liabilities) (7) 136.3 141.5 143.5 146.4
Wednesday figures
2002
Account Oct. 9 Oct. 16 Oct. 23 Oct. 30
Seasonally adjusted
Assets
1 Bank credit 2,416.5 2,419.2 2,425.1 2,434.0
2 Securities in bank credit 660.9 658.6 659.6 664.1
3 U.S. government
securities 453.3 449.8 451.1 456.4
4 Other securities 207.6 208.8 208.5 207.7
5 Loans and leases in bank
credit (2) 1,755.6 1,760.6 1,765.4 1,769.9
6 Commercial and
industrial 308.2 307.6 307.6 308.8
7 Real estate 1,003.4 1,005.1 1,008.4 1,014.1
8 Revolving home equity 75.6 75.6 76.0 76.3
9 Other 927.9 929.5 932.4 937.7
10 Consumer 329.8 333.2 333.5 332.4
11 Security (3) 8.3 8.5 8.5 8.4
12 Other loans and leases 105.9 106.2 107.5 106.3
13 Interbank loans 113.2 118.3 122.5 121.1
14 Cash assets (4) 119.1 128.0 130.2 126.2
15 Other assets (5) 154.9 154.9 151.8 154.0
16 Total assets (6) 2,771.5 2,787.8 2,796.9 2,802.6
Liabilities
17 Deposits 2,114.1 2,133.6 2,132.3 2,140.1
18 Transaction 296.7 309.9 325.1 335.7
19 Nontransaction 1,817.4 1,823.6 1,807.2 1,804.4
20 Large time 304.8 305.7 305.7 306.1
21 Other 1,512.6 1,518.0 1,501.5 1,498.3
22 Borrowings 425.7 426.0 435.8 431.4
23 From banks in the U.S. 184.9 186.2 190.9 182.0
24 From others 240.8 239.8 244.8 249.4
25 Net due to related foreign
offices 13.8 14.0 11.0 12.2
26 Other liabilities 79.5 80.3 80.9 81.9
27 Total liabilities 2,633.0 2,653.8 2,659.9 2,665.6
28 Residual (assets less
liabilities) (7) 138.5 134.0 137.0 137.0
Not seasonally adjusted
Assets
29 Bank credit 2,419.5 2,425.6 2,430.9 2,441.2
30 Securities in bank credit 659.4 657.2 658.4 663.5
31 U.S. government
securities 451.7 448.5 449.9 455.8
32 Other securities 207.6 208.8 208.5 207.7
33 Loans and leases in bank
credit (2) 1,760.1 1,768.4 1,772.4 1,777.7
34 Commercial and
industrial 307.7 307.8 307.8 308.7
35 Real estate 1,005.8 1,008.6 1,011.9 1,018.0
36 Revolving home equity 76.0 76.2 76.6 77.0
37 Other 929.8 932.4 935.3 941.0
38 Consumer 331.6 336.9 338.3 336.9
39 Credit cards and
related plans 154.0 158.9 160.2 158.6
40 Other 177.6 178.0 178.1 178.4
41 Security (3) 8.3 8.4 8.2 8.4
42 Other loans and leases 106.7 106.7 106.3 105.7
43 Interbank loans 116.2 118.8 116.7 118.5
44 Cash assets (4) 121.5 134.9 122.4 127.2
45 Other assets (5) 154.9 154.9 151.8 154.0
46 Total assets (6) 2,779.9 2,801.6 2,789.0 2,808.3
Liabilities
47 Deposits 2,116.9 2,135.6 2,114.9 2,132.7
48 Transaction 297.6 313.3 315.7 334.9
49 Nontransaction 1,819.3 1,822.3 1,799.2 1,797.8
50 Large time 304.8 305.7 305.7 306.1
51 Other 1,514.5 1,516.7 1,493.6 1,491.7
52 Borrowings 425.7 426.0 435.8 431.4
53 From banks in the U.S. 184.9 186.2 190.9 182.0
54 From others 240.8 239.8 244.8 249.4
55 Net due to related foreign
offices 13.8 14.0 11.0 12.2
56 Other liabilities 79.5 80.3 80.9 81.9
57 Total liabilities 2,635.9 2,655.8 2,642.6 2,658.2
58 Residual (assets less
liabilities) (7) 144.0 145.8 146.4 150.1
E. Foreign-related institutions
Billions of dollars
Monthly averages
2001 2002
Account Oct. Apr. May
Seasonally adjusted
Assets
1 Bank credit 592.6 (r) 598.1 (r) 597.2 (r)
2 Securities in bank credit 231.7 225.4 228.4
3 U.S. government securities 78.9 70.9 (r) 72.4 (r)
4 Other securities 152.9 154.5 (r) 156.0 (r)
5 Loans and leases in bank
credit (2) 360.9 (r) 372.7 (r) 368.8 (r)
6 Commercial and industrial 196.8 198.0 198.7
7 Real estate 18.8 19.4 19.4
8 Security (3) 75.4 (r) 84.1 (r) 79.9 (r)
9 Other loans and leases 69.8 71.2 70.8
10 Interbank loans 23.7 21.9 23.4
11 Cash assets (4) 39.0 (r) 46.5 (r) 45.1 (r)
12 Other assets (5) 33.0 30.9 30.6
13 Total assets (6) 687.8 (r) 697.0 695.9 (r)
Liabilities
14 Deposits 423.4 506.9 507.6
15 Transaction 10.9 10.6 10.9
16 Nontransaction 412.6 496.3 496.7
17 Borrowings 205.9 190.6 190.1
18 From banks in the U.S. 23.4 22.3 21.1
19 From others 182.5 168.3 169.1
20 Net due to related foreign
offices -15.3 -73.6 -87.6
21 Other liabilities 78.4 68.0 72.6
22 Total liabilities 692.4 691.8 682.7
23 Residual (assets less
liabilities) (7) -4.5 5.2 13.2 (r)
Not seasonally adjusted
Assets
24 Bank credit 592.7 (r) 598.1 (r) 593.2 (r)
25 Securities in bank credit 231.7 225.4 228.4
26 U.S. government securities 78.9 70.9 (r) 72.4 (r)
27 Trading account 15.7 9.3 10.0
28 Investment account 63.1 61.7 (r) 62.3 (r)
29 Other securities 152.9 154.5 (r) 156.0 (r)
30 Trading account 104.0 96.3 98.5
31 Investment account 48.9 58.1 (r) 57.6 (r)
32 Loans and leases in bank
credit (2) 360.9 (r) 372.7 (r) 364.8 (r)
33 Commercial and industrial 197.6 196.8 196.4
34 Real estate 18.8 19.4 19.4
35 Security (3) 75.5 (r) 84.7 (r) 78.7 (r)
36 Other loans and leases 69.0 71.9 70.4
37 Interbank loans 23.7 21.9 23.4
38 Cash assets (4) 39.8 (r) 44.6 (r) 43.6 (r)
39 Other assets (5) 32.4 30.7 30.7
40 Total assets (6) 688.2 694.9 690.5 (r)
Liabilities
41 Deposits 416.8 510.7 512.7
42 Transaction 11.0 10.1 10.5
43 Nontransaction 405.8 500.6 502.2
44 Borrowings 205.9 190.6 190.1
45 From banks in the U.S. 23.4 22.3 21.1
46 From others 182.5 168.3 169.1
47 Net due to related foreign
offices -16.8 -75.5 -87.7
48 Other liabilities 77.7 67.3 72.5
49 Total liabilities 683.6 693.1 687.7
50 Residual (assets less
liabilities) (7) 4.5 (r) 1.8 (r) 2.8 (r)
Monthly Averages
2002
June July Aug.
Account (r)
Seasonally adjusted
Assets
1 Bank credit 605.6 (r) 608.9 (r) 617.8
2 Securities in bank credit 234.9 236.2 246.3
3 U.S. government securities 74.9 (r) 75.0 (r) 81.4
4 Other securities 160.0 (r) 161.2 (r) 164.8
5 Loans and leases in bank
credit (2) 370.7 (r) 372.7 371.6
6 Commercial and industrial 194.6 (r) 190.5 (r) 189.2
7 Real estate 19.6 19.8 19.8
8 Security (3) 85.0 (r) 89.7 (r) 90.2
9 Other loans and leases 71.5 72.7 72.4
10 Interbank loans 20.2 17.3 18.1
11 Cash assets (4) 45.3 (r) 44.9 (r) 44.7
12 Other assets (5) 32.8 33.7 33.4
13 Total assets (6) 703.5 (r) 704.4 (r) 713.7
Liabilities
14 Deposits 508.3 503.7 497.1
15 Transaction 10.9 10.6 10.9
16 Nontransaction 497.3 493.1 486.2
17 Borrowings 193.8 203.1 214.7
18 From banks in the U.S. 21.4 21.2 22.4
19 From others 172.4 181.9 192.3
20 Net due to related foreign
offices -84.7 -90.5 -88.9
21 Other liabilities 81.7 87.5 93.4
22 Total liabilities 699.1 703.7 716.3
23 Residual (assets less
liabilities) (7) 4.5 .6 (r) -2.6
Not seasonally adjusted
Assets
24 Bank credit 602.6 (r) 602.8 611.7
25 Securities in bank credit 234.9 236.2 246.3
26 U.S. government securities 74.9 (r) 75.0 (r) 81.4
27 Trading account 10.4 10.5 12.8
28 Investment account 64.5 (r) 64.5 (r) 68.6
29 Other securities 160.0 (r) 161.2 (r) 164.8
30 Trading account 102.7 106.8 108.8
31 Investment account 57.3 (r) 54.4 (r) 56.0
32 Loans and leases in bank
credit (2) 367.7 (r) 366.7 365.4
33 Commercial and industrial 193.5 (r) 189.2 (r) 187.6
34 Real estate 19.6 19.8 19.8
35 Security (3) 83.4 (r) 86.3 (r) 86.9
36 Other loans and leases 71.2 71.4 71.1
37 Interbank loans 20.2 17.3 18.1
38 Cash assets (4) 43.3 (r) 43.1 (r) 43.3
39 Other assets (5) 31.4 32.4 32.9
40 Total assets (6) 697.1 (r) 695.2 (r) 705.6
Liabilities
41 Deposits 506.4 494.6 482.6
42 Transaction 10.6 10.6 10.6
43 Nontransaction 495.8 484.1 472.0
44 Borrowings 193.8 203.1 214.7
45 From banks in the U.S. 21.4 21.2 22.4
46 From others 172.4 181.9 192.3
47 Net due to related foreign
offices -87.3 -94.4 -90.8
48 Other liabilities 80.4 85.3 92.2
49 Total liabilities 693.3 688.6 698.7
50 Residual (assets less
liabilities) (7) 3.9 6.6 (r) 6.9
Monthly Wednesday
averages figures
2002 2002
Sept. Oct. Oct.
Account (r) 9
Seasonally adjusted
Assets
1 Bank credit 616.3 610.7 614.5
2 Securities in bank credit 244.0 239.5 244.0
3 U.S. government securities 86.6 87.6 88.4
4 Other securities 157.4 151.9 155.7
5 Loans and leases in bank
credit (2) 372.2 371.2 370.5
6 Commercial and industrial 184.6 181.0 180.0
7 Real estate 19.9 20.5 20.0
8 Security (3) 94.7 96.4 96.6
9 Other loans and leases 72.9 73.3 73.9
10 Interbank loans 21.1 24.6 21.6
11 Cash assets (4) 43.5 42.7 43.8
12 Other assets (5) 32.1 35.8 33.8
13 Total assets (6) 712.6 713.4 713.5
Liabilities
14 Deposits 485.6 463.5 473.8
15 Transaction 11.0 10.6 11.2
16 Nontransaction 474.6 452.8 462.5
17 Borrowings 223.6 228.7 226.2
18 From banks in the U.S. 23.8 24.1 22.8
19 From others 199.8 204.5 203.4
20 Net due to related foreign
offices -84.5 -69.3 -81.5
21 Other liabilities 89.8 95.6 97.5
22 Total liabilities 714.4 718.4 716.0
23 Residual (assets less
liabilities) (7) -1.8 -5.0 -2.6
Not seasonally adjusted
Assets
24 Bank credit 612.9 610.7 609.5
25 Securities in bank credit 244.0 239.5 244.0
26 U.S. government securities 86.6 87.6 88.4
27 Trading account 14.3 14.7 14.8
28 Investment account 72.3 72.9 73.6
29 Other securities 157.4 151.9 155.7
30 Trading account 103.0 98.5 102.1
31 Investment account 54.4 53.5 53.6
32 Loans and leases in bank
credit (2) 368.9 371.2 365.4
33 Commercial and industrial 184.6 181.6 180.0
34 Real estate 19.9 20.5 20.0
35 Security (3) 91.9 96.5 92.9
36 Other loans and leases 72.5 72.5 72.4
37 Interbank loans 21.1 24.6 21.6
38 Cash assets (4) 43.5 43.6 43.5
39 Other assets (5) 32.7 35.2 33.7
40 Total assets (6) 709.9 713.7 707.9
Liabilities
41 Deposits 473.6 456.1 463.8
42 Transaction 11.1 10.8 10.9
43 Nontransaction 462.4 445.4 452.9
44 Borrowings 223.6 228.7 226.2
45 From banks in the U.S. 23.8 24.1 22.8
46 From others 199.8 204.5 203.4
47 Net due to related foreign
offices -83.5 -70.6 -83.5
48 Other liabilities 90.3 94.8 96.3
49 Total liabilities 704.0 709.0 702.7
50 Residual (assets less
liabilities) (7) 5.9 4.6 5.2
Wednesday figures
2002
Oct. Oct. Oct.
Account 16 23 30
Seasonally adjusted
Assets
1 Bank credit 607.8 611.6 608.8
2 Securities in bank credit 237.4 234.8 238.7
3 U.S. government securities 86.7 85.5 88.9
4 Other securities 150.7 149.3 149.9
5 Loans and leases in bank
credit (2) 370.4 376.8 370.1
6 Commercial and industrial 182.2 182.3 180.2
7 Real estate 20.4 20.6 21.1
8 Security (3) 93.8 100.4 96.3
9 Other loans and leases 73.9 73.6 72.5
10 Interbank loans 23.3 25.4 29.5
11 Cash assets (4) 43.0 42.0 42.2
12 Other assets (5) 35.9 34.7 38.8
13 Total assets (6) 709.7 713.3 719.0
Liabilities
14 Deposits 465.2 459.5 457.3
15 Transaction 11.3 10.1 9.7
16 Nontransaction 453.9 449.4 447.6
17 Borrowings 228.6 220.9 236.6
18 From banks in the U.S. 26.8 21.8 24.0
19 From others 201.7 199.1 212.7
20 Net due to related foreign
offices -68.7 -55.1 -68.9
21 Other liabilities 93.7 91.6 99.3
22 Total liabilities 718.8 716.9 724.4
23 Residual (assets less
liabilities) (7) -9.1 -3.5 -5.4
Not seasonally
adjusted
Assets
24 Bank credit 608.0 611.0 613.8
25 Securities in bank credit 237.4 234.8 238.7
26 U.S. government securities 86.7 85.5 88.9
27 Trading account 14.9 14.1 14.3
28 Investment account 71.8 71.4 74.6
29 Other securities 150.7 149.3 149.9
30 Trading account 97.3 95.9 96.6
31 Investment account 53.4 53.4 53.2
32 Loans and leases in bank
credit (2) 370.6 376.2 375.1
33 Commercial and industrial 182.5 182.6 181.9
34 Real estate 20.4 20.6 21.1
35 Security (3) 94.5 100.5 100.0
36 Other loans and leases 73.2 72.6 72.0
37 Interbank loans 23.3 25.4 29.5
38 Cash assets (4) 43.8 43.0 44.2
39 Other assets (5) 35.4 33.7 37.7
40 Total assets (6) 710.1 712.7 724.7
Liabilities
41 Deposits 454.7 453.4 453.6
42 Transaction 11.6 10.2 10.1
43 Nontransaction 443.1 443.2 443.4
44 Borrowings 228.6 220.9 236.6
45 From banks in the U.S. 26.8 21.8 24.0
46 From others 201.7 199.1 212.7
47 Net due to related foreign
offices -70.4 -56.5 -69.1
48 Other liabilities 92.7 90.8 99.2
49 Total liabilities 705.5 708.5 720.2
50 Residual (assets less
liabilities) (7) 4.6 4.1 4.5
F. Memo items
Billions of dollars
Monthly averages
2001 2002
Account Oct. Apr. May
Not seasonally adjusted
MEMO
Large domestically chartered
banks, adjusted for mergers
1 Revaluation gains on
off-balance-sheet items (8) 103.6 73.3 80.8
2 Revaluation losses on
off-balance-sheet items (8) 86.0 57.5 61.7
3 Mortgage-backed securities (9) 284.0 (r) 302.2 (r) 306.3 (r)
4 Pass-through 215.3 (r) 203.3 (r) 210.5 (r)
5 CMO, REMIC, and other 68.7 (r) 98.9 (r) 95.8 (r)
6 Net unrealized gains (losses)
on available-for-sale
securities (10) 9.2 1.4 4.3
7 Off-shore credit to U.S.
residents (11) 20.0 19.7 19.6
8 Securitized consumer
loans (12) 101.9 (r) 98.5 (r) 98.6 (r)
9 Credit cards and
related plans 91.4 (r) 86.6 (r) 87.2 (r)
10 Other 10.5 11.9 11.5
11 Securitized business
loans (12) 21.1 17.1 16.7
Small domestically chartered
commercial banks, adjusted
for mergers
12 Mortgage-backed securities (9) 257.1 (r) 287.9 (r) 302.4 (r)
13 Securitized consumer
loans (12) 238.0 (r) 243.9 (r) 244.5 (r)
14 Credit cards and
related plans 229.6 (r) 235.9 (r) 237.0 (r)
15 Other 8.4 7.9 7.6
Foreign-related institutions
16 Revaluation gains on
off-balance-sheet items (8) 62.6 46.3 49.8
17 Revaluation losses on
off-balance-sheet items (8) 54.4 39.9 42.8
18 Securitized business
loans (12) 13.5 11.3 10.5
Monthly averages
2002
June July Aug.
Account (r)
Not seasonally adjusted
MEMO
Large domestically chartered
banks, adjusted for mergers
1 Revaluation gains on
off-balance-sheet items (8) 92.9 105.8 112.3
2 Revaluation losses on
off-balance-sheet items (8) 75.2 89.2 93.7
3 Mortgage-backed securities (9) 312.7 (r) 320.1 (r) 338.2
4 Pass-through 224.6 236.3 253.4
5 CMO, REMIC, and other 88.1 (r) 83.7 (r) 84.8
6 Net unrealized gains (losses)
on available-for-sale
securities (10) 6.6 8.6 9.7
7 Off-shore credit to U.S.
residents (11) 19.6 19.1 19.0
8 Securitized consumer
loans (12) 102.6 (r) 106.4 (r) 104.6
9 Credit cards and
related plans 90.5 (r) 91.3 (r) 89.5
10 Other 12.2 15.1 15.1
11 Securitized business
loans (12) 16.6 17.0 17.7
Small domestically chartered
commercial banks, adjusted
for mergers
12 Mortgage-backed securities (9) 305.3 (r) 305.0 (r) 307.1
13 Securitized consumer
loans (12) 244.3 (r) 239.8 (r) 238.1
14 Credit cards and
related plans 237.3 (r) 236.2 (r) 235.0
15 Other 7.0 3.6 3.1
Foreign-related institutions
16 Revaluation gains on
off-balance-sheet items (8) 54.8 60.7 64.9
17 Revaluation losses on
off-balance-sheet items (8) 49.3 57.6 65.3
18 Securitized business
loans (12) 9.9 9.4 9.1
Monthly Wednesday
averages figures
2002
Sept. Oct. Oct.
Account (r) 9
Not seasonally adjusted
MEMO
Large domestically chartered
banks, adjusted for mergers
1 Revaluation gains on
off-balance-sheet items (8) 119.1 110.9 125.0
2 Revaluation losses on
off-balance-sheet items (8) 100.0 93.7 105.9
3 Mortgage-backed securities (9) 343.6 354.9 347.4
4 Pass-through 254.7 261.3 252.8
5 CMO, REMIC, and other 88.9 93.6 94.7
6 Net unrealized gains (losses)
on available-for-sale
securities (10) 12.4 12.9 13.7
7 Off-shore credit to U.S.
residents (11) 19.0 18.4 18.6
8 Securitized consumer
loans (12) 103.8 105.2 104.7
9 Credit cards and
related plans 89.1 90.9 90.5
10 Other 14.7 14.3 14.2
11 Securitized business
loans (12) 17.6 17.4 17.5
Small domestically chartered
commercial banks, adjusted
for mergers
12 Mortgage-backed securities (9) 312.8 315.4 315.9
13 Securitized consumer
loans (12) 235.8 234.8 236.3
14 Credit cards and
related plans 232.7 231.6 233.0
15 Other 3.0 3.3 3.3
Foreign-related institutions
16 Revaluation gains on
off-balance-sheet items (8) 62.2 59.6 62.3
17 Revaluation losses on
off-balance-sheet items (8) 62.0 59.4 63.6
18 Securitized business
loans (12) 8.1 7.7 7.8
Wednesday
figures
2002
Oct. Oct. Oct.
Account 16 23 30
Not seasonally
adjusted
MEMO
Large domestically chartered
banks, adjusted for mergers
1 Revaluation gains on
off-balance-sheet items (8) 102.4 95.7 115.8
2 Revaluation losses on
off-balance-sheet items (8) 85.4 80.0 99.1
3 Mortgage-backed securities (9) 333.3 365.9 371.1
4 Pass-through 240.4 274.9 276.0
5 CMO, REMIC, and other 92.8 91.0 95.1
6 Net unrealized gains (losses)
on available-for-sale
securities (10) 12.5 12.0 13.1
7 Off-shore credit to U.S.
residents (11) 18.3 18.4 18.5
8 Securitized consumer
loans (12) 104.6 105.4 105.9
9 Credit cards and
related plans 90.5 91.3 91.2
10 Other 14.2 14.1 14.7
11 Securitized business
loans (12) 17.5 17.4 17.1
Small domestically chartered
commercial banks, adjusted
for mergers
12 Mortgage-backed securities (9) 313.3 313.3 318.6
13 Securitized consumer
loans (12) 233.1 233.9 235.7
14 Credit cards and
related plans 229.8 230.6 232.4
15 Other 3.3 3.3 3.3
Foreign-related institutions
16 Revaluation gains on
off-balance-sheet items (8) 58.2 56.8 59.2
17 Revaluation losses on
off-balance-sheet items (8) 58.0 56.1 58.3
18 Securitized business
loans (12) 7.7 7.7 7.6
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.
(12.) Total amount outstanding.
1.32 COMMERCIAL PAPER OUTSTANDING
Millions of dollars, seasonally adjusted, end of period
Year ending December
Item 1997 1998 1999 2000
1 All issuers 966,699 1,163,303 1,403,023 1,615,341
Financial
companies (1)
2 Dealer-placed
paper, total (2) 513,307 614,142 786,643 973,060
3 Directly placed
paper, total (3) 252,536 322,030 337,240 298,848
4 Nonfinancial
companies (4) 200,857 227,132 279,140 343,433
Year
ending 2002
December
Item 2001 Apr. May June
1 All issuers 1,438,764 1,351,516 1,366,259 1,327,569
Financial
companies (1)
2 Dealer-placed
paper, total (2) 989,364 972,268 989,957 986,489
3 Directly placed
paper, total (3) 224,553 196,056 199,572 169,193
4 Nonfinancial
companies (4) 224,847 183,192 176,730 171,887
2002
Item July Aug. Sept.
1 All issuers 1,345,922 1,375,414 1,338,119
Financial
companies (1)
2 Dealer-placed
paper, total (2) 959,798 863,215 856,037
3 Directly placed
paper, total (3) 206,942 343,733 322,729
4 Nonfinancial
companies (4) 179,182 168,466 159,353
(1.) Institutions engaged primarily in commercial, savings, and
mortgage banking; sales, personal and mortgage financing; factoring,
finance leasing, and other business lending; insurance underwriting;
and other investment activities.
(2.) Includes all financial-company paper sold by dealers in the
open market.
(3.) As reported by financial companies that place their paper
directly with investors.
(4.) Includes public utilities and firms engaged primarily in such
activities as communications, construction, manufacturing, mining,
wholesale and retail trade, transportation, and services.
1.33 PRIME RATE CHARGED BY BANKS Short-Term Business Loans (1)
Percent per year
Date of change Rate
1999--Jan. 1 7.75
July 1 8.00
Aug. 25 8.25
Nov. 17 8.50
2000--Feb. 3 8.75
Mar. 22 9.00
May 17 9.50
2001--Jan. 4 9.00
Feb. 1 8.50
Mar. 21 8.00
Apr. 19 7.50
May 16 7.00
June 28 6.75
Aug. 22 6.50
Sept. 18 6.00
Oct. 3 5.50
Nov. 7 5.00
Dec. 12 4.75
2002--Nov. 7 4.25
Average
Period rate
1999 8.00
2000 9.23
2001 6.91
1999--Jan. 7.75
Feb. 7.75
Mar. 7.75
Apr. 7.75
May 7.75
June 7.75
July 8.00
Aug. 8.06
Sept. 8.25
Oct. 8.25
Nov. 8.37
Dec. 8.50
2000--Jan. 8.50
Feb. 8.73
Mar. 8.83
Apr. 9.00
May 9.24
June 9.50
July 9.50
Aug. 9.50
Sept. 9.50
Oct. 9.50
Nov. 9.50
Dec. 9.50
2001--Jan. 9.05
Feb. 8.50
Mar. 8.32
Apr. 7.80
May 7.24
June 6.98
July 6.75
Aug. 6.67
Sept. 6.28
Oct. 5.53
Nov. 5.10
Dec. 4.84
2002--Jan. 4.75
Feb. 4.75
Mar. 4.75
Apr. 4.75
May 4.75
June 4.75
July 4.75
Aug. 4.75
Sept. 4.75
Oct. 4.75
Nov. 4.35
(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.
Financial Markets
1.35 INTEREST RATES Money and Capital Markets
Percent per year; figures are averages of business day
data unless otherwise noted
Item 1999 2000 2001
MONEY MARKET INSTRUMENTS
1 Federal funds (1),(2),(3) 4.97 6.24 3.88
2 Discount window
borrowing (2),(4) 4.62 5.73 3.40
Commercial paper (3),(5),(6)
Nonfinancial
3 1-month 5.09 6.27 3.78
4 2-month 5.14 6.29 3.68
5 3-month 5.18 6.31 3.65
Financial
6 1-month 5.11 6.28 3.80
7 2-month 5.16 6.30 3.71
8 3-month 5.22 6.33 3.65
Certificates of deposit,
secondary market (3),(7)
9 1-month 5.19 6.35 3.84
10 3-month 5.33 6.46 3.71
11 6-month 5.46 6.59 3.66
12 Eurodollar deposits,
3-month (3),(8) 5.31 6.45 3.70
U.S. Treasury bills
Secondary market (3),(5)
13 4-week n.a. n.a. 2.43
14 3-month 4.64 5.82 3.40
15 6-month 4.75 5.90 3.34
U.S. TREASURY NOTES AND BONDS
Constant maturities (9)
16 1-year 5.08 6.11 3.49
17 2-year 5.43 6.26 3.83
18 3-year 5.49 6.22 4.09
19 5-year 5.55 6.16 4.56
20 7-year 5.79 6.20 4.88
21 10-year 5.65 6.03 5.02
22 20-year 6.20 6.23 5.63
Treasury long-term
average (10),(11)
23 25 years and above n.a. n.a. n.a.
STATE AND LOCAL NOTES AND BONDS
Moody's series (12)
24 Aaa 5.28 5.58 4.99
25 Baa 5.70 6.19 5.75
26 Bond Buyer series (13) 5.43 5.71 5.15
CORPORATE BONDS
27 Seasoned issues,
all industries (14) 7.45 7.98 7.49
Rating group
28 Aaa (15) 7.05 7.62 7.08
29 Aa 7.36 7.83 7.26
30 A 7.53 8.11 7.67
31 Baa 7.88 8.37 7.95
MEMO
Dividend-price ratio (16)
32 Common stocks 1.25 1.15 1.32
2002
Item July Aug. Sept. Oct.
MONEY MARKET INSTRUMENTS
1 Federal funds (1),(2),(3) 1.73 1.74 1.75 1.75
2 Discount window
borrowing (2),(4) 1.25 1.25 1.25 1.25
Commercial paper (3),(5),(6)
Nonfinancial
3 1-month 1.74 1.72 1.73 1.72
4 2-month 1.74 1.70 1.72 1.70
5 3-month 1.75 1.70 1.72 1.70
Financial
6 1-month 1.74 1.72 1.74 1.73
7 2-month 1.75 1.72 1.74 1.72
8 3-month 1.76 1.71 1.74 1.71
Certificates of deposit,
secondary market (3),(7)
9 1-month 1.78 1.76 1.78 1.77
10 3-month 1.79 1.73 1.76 1.73
11 6-month 1.84 1.72 1.74 1.69
12 Eurodollar deposits,
3-month (3),(8) 1.78 1.72 1.75 1.73
U.S. Treasury bills
Secondary market (3),(5)
13 4-week 1.69 1.66 1.65 1.60
14 3-month 1.68 1.62 1.63 1.58
15 6-month 1.70 1.60 1.60 1.56
U.S. TREASURY NOTES AND BONDS
Constant maturities (9)
16 1-year 1.96 1.76 1.72 1.65
17 2-year 2.56 2.13 2.00 1.91
18 3-year 3.01 2.52 2.32 2.25
19 5-year 3.81 3.29 2.94 2.95
20 7-year 4.30 3.88 3.50 3.54
21 10-year 4.65 4.26 3.87 3.94
22 20-year 5.51 5.19 4.87 5.00
Treasury long-term
average (10),(11)
23 25 years and above 5.54 5.23 4.90 5.07
STATE AND LOCAL NOTES AND BONDS
Moody's series (12)
24 Aaa 4.81 4.78 4.58 4.66
25 Baa 5.55 5.53 5.31 5.47
26 Bond Buyer series (13) 5.02 4.95 4.74 4.88
CORPORATE BONDS
27 Seasoned issues,
all industries (14) 7.14 6.93 6.73 6.93
Rating group
28 Aaa (15) 6.53 6.37 6.15 6.32
29 Aa 6.98 6.84 6.63 6.73
30 A 7.15 6.95 6.76 6.95
31 Baa 7.90 7.58 7.40 7.73
MEMO
Dividend-price ratio (16)
32 Common stocks 1.76 1.72 1.80 1.86
2002, week ending
Sept. Oct. Oct. Oct. Oct.
Item 27 4 11 18 25
MONEY MARKET INSTRUMENTS
1 Federal funds (1),(2),(3) 1.72 1.80 1.73 1.75 1.72
2 Discount window
borrowing (2),(4) 1.25 1.25 1.25 1.25 1.25
Commercial paper (3),(5),(6)
Nonfinancial
3 1-month 1.73 1.73 1.72 1.72 1.73
4 2-month 1.71 1.70 1.68 1.72 1.72
5 3-month 1.72 1.69 1.67 1.72 1.73
Financial
6 1-month 1.75 1.74 1.72 1.74 1.74
7 2-month 1.74 1.72 1.71 1.73 1.75
8 3-month 1.73 1.70 1.70 1.74 1.76
Certificates of deposit,
secondary market (3),(7)
9 1-month 1.78 1.77 1.77 1.78 1.78
10 3-month 1.75 1.72 1.72 1.78 1.78
11 6-month 1.72 1.65 1.66 1.77 1.78
12 Eurodollar deposits,
3-month (3),(8) 1.74 1.71 1.71 1.77 1.77
U.S. Treasury bills
Secondary market (3),(5)
13 4-week 1.64 1.58 1.58 1.63 1.65
14 3-month 1.62 1.55 1.56 1.64 1.64
15 6-month 1.58 1.50 1.53 1.64 1.64
U.S. TREASURY NOTES AND BONDS
Constant maturities (9)
16 1-year 1.68 1.55 1.59 1.77 1.79
17 2-year 1.93 1.76 1.78 2.07 2.14
18 3-year 2.22 2.07 2.09 2.43 2.50
19 5-year 2.79 2.72 2.71 3.15 3.22
20 7-year 3.35 3.31 3.31 3.72 3.79
21 10-year 3.73 3.69 3.68 4.11 4.21
22 20-year 4.79 4.78 4.78 5.14 5.22
Treasury long-term
average (10),(11)
23 25 years and above 4.83 4.86 4.87 5.19 5.27
STATE AND LOCAL NOTES AND BONDS
Moody's series (12)
24 Aaa 4.54 4.52 4.53 4.67 4.89
25 Baa 5.26 5.25 5.29 5.59 5.71
26 Bond Buyer series (13) 4.71 4.68 4.66 4.98 5.12
CORPORATE BONDS
27 Seasoned issues,
all industries (14) 6.69 6.72 6.78 7.03 7.11
Rating group
28 Aaa (15) 6.10 6.13 6.15 6.41 6.50
29 Aa 6.56 6.57 6.59 6.81 6.89
30 A 6.71 6.74 6.79 7.05 7.12
31 Baa 7.39 7.44 7.57 7.86 7.95
MEMO
Dividend-price ratio (16)
32 Common stocks 1.89 1.91 2.04 1.84 1.76
NOTE. Some of the data in this table also appear in the Board's H.15
(519) weekly statistical release. For ordering address, see inside
front cover.
(1.) The daily effective federal funds rate is a weighted average of
rates on trades through New York brokers.
(2.) Weekly figures are averages of seven calendar days, ending on
Wednesday of the current week; monthly figures include each calendar
day in the month.
(3.) Annualized using a 360-day year or bank interest.
(4.) Rate for the Federal Reserve Bank of New York.
(5.) Quoted on a discount basis.
(6.) Interest rules 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 the Board's Commercial
Paper web pages (http://www.federalreserve.gov/releases/cp) for
more information.
(7.) An average of dealer offering rates on nationally traded
certificates of deposit.
(8.) Bid rates for eurodollar deposits collected around 9:30 a.m.
Eastern time. Data are for indication purposes only.
(9.) Yields on actively traded issues adjusted to constant
maturities.
(10.) Based on the unweighted average of the bid yields for all
Treasury fixed-coupon securities with remaining terms to maturity
of 25 years and over.
(11.) A factor for adjusting the daily long-term average in order
to estimate a 30-year rate can be found at http://www.treas.gov/
offices/domestic-finance/debt-management/interest-rate/
ltcompositeindex.html.
(12.) General obligation bonds based on Thursday figures; Moody's
Investors Service.
(13.) State and local government general obligation bonds maturing
in twenty years are used in compiling this index. The twenty-bond
index has a rating roughly equivalent to Moodys' A1 rating.
Based on Thursday figures.
(14.) Daily figures are averages of Aaa, Aa, A. and Baa yields from
Moody's Investors Service. Based on yields to maturity on selected
long-term bonds.
(15.) Effective December 7, 2001, the Moody's Aaa yield includes
yields only for industrial firms. Prior to December 7, 2001, the
Aaa yield represented both utilities and industrial.
(16.) Standard & Poor's corporate series. Common stock ratio is
based on the 500 stocks in the price index.
SOURCE: U.S. Department of the Treasury.
1.36 STOCK MARKET Selected Statistics
2002
Indicator 1999 2000 2001 Feb.
Prices and trading volume (averages
of daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange (Dec.
31, 1965 = 50) 619.52 643.71 606.03 569.55
2 Industrial 775.29 809.40 749.46 715.98
3 Transportation 491.62 414.73 444.45 453.51
4 Utility 284.82 478.99 377.72 301.32
5 Finance 530.97 552.48 596.61 570.18
6 Standard & Poor's
Corporation
(1941-43 = 10) (1) 1,327.33 1,427.22 1,194.18 1,100.67
7 American Stock
Exchange (Aug. 31,
1973 = 50) (2) 770.90 922.22 879.08 845.81
Volume of trading
(thousands of
shares)
8 New York Stock
Exchange 799,554 1,026,867 1,216,529 1,362,830
9 American Stock
Exchange 32,629 51,437 68,074 55,657
Customer financing (millions of dollars,
end-of-period balances)
10 Margin credit at
broker-dealers (3) 228,530 198,790 150,450 147,030
Free credit balances
at brokers (4)
11 Margin accounts (5) 55,130 100,680 101,640 99,350
12 Cash accounts 79,070 84,400 78,040 72,730
Margin requirements (percent of market
value and effective date) (6)
Mar. 11, 1968 June 8, 1968
13 Margin stocks 70 80
14 Convertible bonds 50 60
15 Short sales 70 80
2002
Indicator Mar. Apr. May June
Prices and trading volume (averages
of daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange (Dec.
31, 1965 = 50) 600.74 587.58 575.75 544.36
2 Industrial 751.79 732.71 718.12 677.58
3 Transportation 490.51 470.00 459.55 449.42
4 Utility 316.25 300.57 287.10 265.21
5 Finance 609.72 610.24 603.15 577.05
6 Standard & Poor's
Corporation
(1941-43 = 10) (1) 1,153.79 1,112.03 1,079.27 1,014.05
7 American Stock
Exchange (Aug. 31,
1973 = 50) (2) 891.08 915.09 935.10 911.59
Volume of trading
(thousands of
shares)
8 New York Stock
Exchange 1,321,351 1,280,714 1,215,786 1,539,282
9 American Stock
Exchange 56,375 n.a. n.a. n.a.
Customer financing (millions of dollars,
end-of-period balances)
10 Margin credit at
broker-dealers (3) 149,370 150,940 150,860 146,270
Free credit balances
at brokers (4)
11 Margin accounts (5) 93,700 92,140 92,950 95,830
12 Cash accounts 69,790 68,540 66,120 68,280
Margin requirements (percent of market
value and effective date) (6)
May 6, 1970 Dec. 6, 1971
13 Margin stocks 65 55
14 Convertible bonds 50 50
15 Short sales 65 55
2002
Indicator July Aug. Sept. Oct.
Prices and trading volume (averages
of daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange (Dec.
31, 1965 = 50) 486.11 491.84 471.04 459.88
2 Industrial 603.04 611.34 589.14 574.45
3 Transportation 416.07 409.96 388.19 383.41
4 Utility 230.21 225.52 210.76 207.83
5 Finance 524.01 533.60 506.05 494.06
6 Standard & Poor's
Corporation
(1941-43 = 10) (1) 903.59 912.55 867.81 854.63
7 American Stock
Exchange (Aug. 31,
1973 = 50) (2) 840.76 843.89 852.03 807.38
Volume of trading
(thousands of
shares)
8 New York Stock
Exchange 1,848,962 1,317,105 1,370,143 1,619,896
9 American Stock
Exchange n.a. n.a. n.a. n.a.
Customer financing (millions of dollars,
end-of-period balances)
10 Margin credit at
broker-dealers (3) 136,160 132,800 130,210 130,570
Free credit balances
at brokers (4)
11 Margin accounts (5) 98,080 95,400 98,630 96,620
12 Cash accounts 68,860 63,700 67,550 66,780
Margin requirements (percent of market
value and effective date) (6)
Nov. 24, 1972 Jan. 3, 1974
13 Margin stocks 65 50
14 Convertible bonds 50 50
15 Short sales 65 50
(1.) In July 1976 a financial group, composed of banks and insurance
companies, was added to the group of stocks on which the index is
based. The index is now based on 400 industrial stocks (formerly 425),
20 transportation (formerly 15 rail), 40 public utility (formerly 60),
and 40 financial.
(2.) On July 5, 1983, the American Stock Exchange rebased its index,
effectively cutting previous readings in half.
(3.) Since July 1983, under the revised Regulation T, margin credit at
broker-dealers has included credit extended against stocks, convertible
bonds, stocks acquired through the exercise of subscription rights,
corporate bonds, and government securities. Separate reporting of data
for margin stocks, convertible bonds, and subscription issues was
discontinued in April 1984.
(4.) Free credit balances are amounts in accounts with no unfulfilled
commitments to brokers and are subject to withdrawal by customers on
demand.
(5.) Series initiated in June 1984.
(6.) Margin requirements, stated in regulations adopted by the Board
of Governors pursuant to the Securities Exchange Act of 1934, limit
the amount of credit that can be used to purchase and carry "margin
securities" (as defined in the regulations) when such credit is
collateralized by securities. Margin requirements on securities are
the difference between the market value (100 percent) and the maximum
loan value of collateral as prescribed by the Board. Regulation T was
adopted effective Oct. 15, 1934; Regulation U, effective May 1, 1936;
Regulation G, effective Mar. 11, 1968; and Regulation X, effective
Nov. 1, 1971.
On Jan. 1, 1977, the Board of Governors for the first time established
in Regulation T the initial margin required for writing options on
securities, setting it at 30 percent of the current market value of
the stock underlying the option. On Sept. 30, 1985, the Board changed
the required initial margin, allowing it to be the same as the option
maintenance margin required by the appropriate exchange or
self-regulatory organization; such maintenance margin rules must be
approved by the Securities and Exchange Commission.
Federal Finance
1.40 FEDERAL DEBT SUBJECT TO STATUTORY LIMITATION
Billions of dollars, end of month
2000 2001
Item Sept. 30 Dec. 31 Mar. 31
1 Federal debt outstanding 5,701.9 5,803.5 5,800.6
2 Public debt securities 5,674.2 5,662.2 5,773.7
3 Held by public 3,438.5 3,527.4 3,434.4
4 Held by agencies 2,235.7 2,248.7 2,339.4
5 Agency securities 27.7 27.4 26.8
6 Held by public 27.6 27.3 26.8
7 Held by agencies .1 .1 .1
8 Debt subject to statutory limit 5,591.6 5,580.5 5,692.5
9 Public debt securities 5,591.4 5,580.2 5,692.3
10 Other debt (1) .2 .2 .2
MEMO
11 Statutory debt limit 5,950.0 5,950.0 5,950.0
2001
Item June 30 Sept. 30 Dec. 31
1 Federal debt outstanding 5,753.9 5,834.5 5,970.3
2 Public debt securities 5,726.8 5,807.5 5,943.4
3 Held by public 3,274.2 3,338.7 3,393.8
4 Held by agencies 2,452.6 2,468.8 2,549.7
5 Agency securities 27.1 27.0 26.8
6 Held by public 27.1 27.0 26.8
7 Held by agencies .0 .0 .0
8 Debt subject to statutory limit 5,645.0 5,732.6 5,871.4
9 Public debt securities 5,644.8 5,732.4 5,871.2
10 Other debt (1) .2 .2 .3
MEMO
11 Statutory debt limit 5,950.0 5,950.0 5,950.0
2002
Item Mar. 31 June 30 Sept. 30
1 Federal debt outstanding 6,032.4 6,153.3 6,255.4
2 Public debt securities 6,006.0 6,126.5 6,228.2
3 Held by public 3,443.7 3,463.5 3,552.6
4 Held by agencies 2,562.4 2,662.9 2,675.6
5 Agency securities 26.4 26.8 27.2
6 Held by public 26.4 26.8 27.2 (r)
7 Held by agencies .0 .0 .0 (r)
8 Debt subject to statutory limit 5,935.1 6,058.3 6,161.4
9 Public debt securities 5,935.0 6,058.1 6,161.1
10 Other debt (1) .2 .2 .3
MEMO
11 Statutory debt limit 5,950.0 6,400.0 6,400.0
(1.) Consists of guaranteed debt of U.S. Treasury and other federal
agencies, specified participation certificates, notes to international
lending organizations, and District of Columbia stadium bonds.
SOURCE. U.S. Department of the Treasury, Monthly Statement of the
Public Debt of the United States and Monthly Treasury Statement.
1.41 GROSS PUBLIC DEBT OF U.S. TREASURY Types and Ownership
Billions of dollars, end of period
Type and holder 1998 1999 2000
1 Total gross public debt 5,614.2 5,776.1 5,662.2
By type
2 Interest-bearing 5,605.4 5,766.1 5,618.1
3 Marketable 3,355.5 3,281.0 2,966.9
4 Bills 691.0 737.1 646.9
5 Notes 1,960.7 1,784.5 1,557.3
6 Bonds 621.2 643.7 626.5
7 Inflation-indexed
notes and bonds (1) 67.6 100.7 121.2
8 Nonmarketable (2) 2,249.9 2,485.1 2,651.2
9 State and local
government series 165.3 165.7 151.0
10 Foreign issues (3) 34.3 31.3 27.2
11 Government 34.3 31.3 27.2
12 Public .0 .0 .0
13 Savings bonds and
notes 180.3 179.4 176.9
14 Government account
series (4) 1,840.0 2,078.7 2,266.1
15 Non-interest-bearing 8.8 10.0 44.2
By holder (5)
16 U.S. Treasury and other
federal agencies and
trust funds 1,828.1 2,064.2 2,270.1
17 Federal Reserve Banks (6) 452.1 478.0 (r) 511.7
18 Private investors 3,334.0 3,233.9 2,880.4
19 Depository institutions 237.4 248.7 201.5
20 Mutual funds 253.9 228.6 (r) 220.8 (r)
21 Insurance companies 141.7 123.4 110.2
22 State and local
treasuries (7) 269.3 266.8 236.2
Individuals
23 Savings bonds 186.6 186.4 184.8
24 Pension funds 330.2 321.0 304.1
25 Private 112.5 109.8 108.4
26 State and Local 217.7 211.2 195.7
27 Foreign and
international (8) 1,278.7 1,268.7 1,034.2
28 Other miscellaneous
investors (7),(9) 636.3 589.9 (r) 587.7 (r)
2001 2002
Type and holder 2001 Q4 Q1
1 Total gross public debt 5,943.4 5,943.4 6,006.0
By type
2 Interest-bearing 5,930.8 5,930.8 5,962.2
3 Marketable 2,982.9 2,982.9 3,003.3
4 Bills 811.3 811.3 834.4
5 Notes 1,413.9 1,413.9 1,411.7
6 Bonds 602.7 602.7 596.7
7 Inflation-indexed
notes and bonds (1) 140.1 140.1 145.6
8 Nonmarketable (2) 2,947.9 2,947.9 2,958.9
9 State and local
government series 146.3 146.3 141.1
10 Foreign issues (3) 15.4 15.4 14.6
11 Government 15.4 15.4 14.6
12 Public .0 .0 .0
13 Savings bonds and
notes 181.5 181.5 183.6
14 Government account
series (4) 2,574.8 2,574.8 2,589.7
15 Non-interest-bearing 12.7 12.7 43.8
By holder (5)
16 U.S. Treasury and other
federal agencies and
trust funds 2,572.2 2,572.2 2,581.4
17 Federal Reserve Banks (6) 551.7 551.7 575.4
18 Private investors 2,819.5 2,819.5 2,849.2
19 Depository institutions 181.5 (r) 181.5 (r) 187.6
20 Mutual funds 257.5 (r) 257.5 (r) 264.9 (r)
21 Insurance companies 105.7 (r) 105.7 (r) 108.4
22 State and local
treasuries (7) 256.5 (r) 256.5 (r) 261.2
Individuals
23 Savings bonds 190.3 190.3 191.9
24 Pension funds 281.6 (r) 281.6 (r) 293.3
25 Private 104.2 (r) 104.2 (r) 106.3
26 State and Local 177.4 (r) 177.4 (r) 187.0
27 Foreign and
international (8) 1,053.1 (r) 1,053.1 (r) 1,055.7 (r)
28 Other miscellaneous
investors (7),(9) 494.1 (r) 494.1 (r) 487.7 (r)
2002
Type and holder Q2 Q3
1 Total gross public debt 6,126.5 6,228.2
By type
2 Interest-bearing 6,087.0 6,216.3
3 Marketable 3,024.8 3,136.6
4 Bills 822.5 868.3
5 Notes 1,446.9 1,521.5
6 Bonds 592.9 592.9
7 Inflation-indexed
notes and bonds (1) 147.5 138.9
8 Nonmarketable (2) 3,062.2 3,079.6
9 State and local
government series 142.8 144.3
10 Foreign issues (3) 13.3 12.5
11 Government 13.3 12.5
12 Public .0 .0
13 Savings bonds and
notes 184.8 185.6
14 Government account
series (4) 2,691.4 2,707.3
15 Non-interest-bearing 39.5 12.0
By holder (5)
16 U.S. Treasury and other
federal agencies and
trust funds 2,686.0 2,701.3
17 Federal Reserve Banks (6) 590.7 604.2
18 Private investors 2,849.8 2,924.8
19 Depository institutions 204.4 210.5
20 Mutual funds 250.0 (r) 252.4
21 Insurance companies 110.3 (r) 115.4
22 State and local
treasuries (7) 271.7 (r) 269.4
Individuals
23 Savings bonds 192.7 193.3
24 Pension funds 286.0 (r) 283.4
25 Private 108.8 (r) 110.9
26 State and Local 177.2 (r) 172.5
27 Foreign and
international (8) 1,071.3 (r) 1,133.7
28 Other miscellaneous
investors (7),(9) 451.9 n.a.
(1.) The U.S. Treasury first issued inflation-indexed securities
during the first quarter of 1997.
(2.) Includes (not shown separately) securities issued to the Rural
Electrification Administration, depository bonds, retirement plan
bonds, and individual retirement bonds.
(3.) Nonmarketable series denominated in dollars, and series
denominated in foreign currency held by foreigners.
(4.) Held almost entirely by U.S. Treasury and other federal agencies
and trust funds.
(5.) Data for Federal Reserve Banks and U.S. government agencies and
trust funds are actual holdings; data for other groups are Treasury
estimates.
(6.) U.S. Treasury securities bought outright by Federal Reserve
Banks, see Bulletin table 1.18.
(7.) In March 1996, in a redefinition of series, fully defeased debt
backed by nonmarketable federal securities was removed from "Other
miscellaneous investors" and added to "State and local treasuries."
The data shown here have been revised accordingly.
(8.) Includes nonmarketable foreign series Treasury securities and
Treasury deposit funds. Excludes Treasury securities held under
repurchase agreements in custody accounts at the Federal Reserve
Bank of New York.
(9.) Includes individuals, government-sponsored enterprises, brokers
and dealers, bank personal trusts and estates, corporate and
noncorporate businesses, and other investors.
SOURCES. Data by type of security, U.S. Treasury Department, Monthly
Statement of the Public Debt of the United States; data by holder,
Federal Reserve Board of Governors, Flow of Funds Accounts of the
United States and U.S. Treasury Department, Treasury Bulletin,
unless otherwise noted.
1.42 U.S. GOVERNMENT SECURITIES DEALERS Transactions (1)
Millions of dollars, daily averages
2002,
2002 week
ending
Item July Aug. Sept. Sept. 4
By type of security
1 U.S. Treasury bills 42,178 42,257 46,861 49,793
Treasury coupon
securities by
maturity
2 Three years or less 135,856 130,594 133,211 143,322
3 More than three but
less than or equal
to six years 107,925 109,759 106,075 111,873
4 More than six but less
than or equal to
eleven years 80,832 89,647 83,783 83,573
5 More than eleven 20,675 19,554 22,090 18,288
6 Inflation-indexed (2) 3,994 2,042 2,439 2,408
Federal agency and
government-sponsored
enterprises
7 Discount notes 55,917 50,486 49,573 60,279
Coupon securities by
maturity
8 Three years or less 12,527 12,894 11,389 8,839
9 More than three
years but less
than or equal to
six years 10,845 8,920 10,317 7,822
10 More than six years
but less than or
equal to eleven
years 9,263 7,018 7,337 5,285
11 More than eleven
years 966 1,081 1,147 812
12 Mortgage-backed 162,421 158,250 186,023 143,453
Corporate securities
13 One year or less 90,211 105,549 106,097 105,771
14 More than one year 15,545 15,327 18,433 12,568
By type of counterparty
With interdealer broker
15 U.S. Treasury 185,034 181,302 184,949 184,572
16 Federal agency and
government-sponsored
enterprises 12,940 10,840 10,217 8,131
17 Mortgage-backed 44,182 48,029 58,896 46,777
18 Corporate 321 308 373 240
With other
19 U.S. Treasury 206,426 212,551 209,510 224,685
20 Federal agency and
government-sponsored
enterprises 76,577 69,560 69,548 74,906
21 Mortgage-backed 118,239 110,221 127,127 96,676
22 Corporate 105,436 120,568 124,156 118,098
2002, week ending
Item Sept. 11 Sept. 18 Sept. 25 Oct. 2
By type of security
1 U.S. Treasury bills 44,674 48,206 45,376 48,782
Treasury coupon
securities by
maturity
2 Three years or less 118,131 107,754 172,167 129,102
3 More than three but
less than or equal
to six years 100,290 109,231 99,418 117,689
4 More than six but less
than or equal to
eleven years 74,353 83,124 85,916 97,184
5 More than eleven 14,290 26,841 25,918 23,326
6 Inflation-indexed (2) 2,104 2,796 2,408 2,472
Federal agency and
government-sponsored
enterprises
7 Discount notes 40,553 49,186 50,967 55,793
Coupon securities by
maturity
8 Three years or less 10,486 11,204 14,618 9,523
9 More than three
years but less
than or equal to
six years 6,908 12,683 11,624 11,540
10 More than six years
but less than or
equal to eleven
years 5,306 4,819 11,987 8,538
11 More than eleven
years 1,171 1,022 1,198 1,456
12 Mortgage-backed 228,001 192,966 148,920 194,705
Corporate securities
13 One year or less 95,294 118,493 108,092 100,334
14 More than one year 15,135 20,906 21,826 18,063
By type of counterparty
With interdealer broker
15 U.S. Treasury 163,619 180,012 205,152 195,307
16 Federal agency and
government-sponsored
enterprises 7,697 9,342 14,221 10,594
17 Mortgage-backed 67,567 59,950 51,364 63,318
18 Corporate 324 346 463 441
With other
19 U.S. Treasury 190,223 197,941 226,051 223,249
20 Federal agency and
government-sponsored
enterprises 56,728 69,572 76,175 76,258
21 Mortgage-backed 160,435 133,015 97,557 131,387
22 Corporate 110,105 139,052 129,455 117,956
2002, week ending
Item Oct. 9 Oct. 16 Oct. 23 Oct. 30
By type of security
1 U.S. Treasury bills 46,133 46,096 37,637 47,376
Treasury coupon
securities by
maturity
2 Three years or less 110,546 114,032 161,122 144,196
3 More than three but
less than or equal
to six years 97,410 133,110 115,010 109,668
4 More than six but less
than or equal to
eleven years 82,041 110,480 111,082 92,675
5 More than eleven 20,213 24,985 20,061 20,452
6 Inflation-indexed (2) 5,454 5,235 3,086 3,737
Federal agency and
government-sponsored
enterprises
7 Discount notes 49,593 50,278 49,441 48,678
Coupon securities by
maturity
8 Three years or less 8,984 13,766 11,005 14,536
9 More than three
years but less
than or equal to
six years 8,020 12,815 9,633 6,829
10 More than six years
but less than or
equal to eleven
years 7,478 9,933 5,441 4,228
11 More than eleven
years 762 2,094 1,737 831
12 Mortgage-backed 236,630 231,723 180,011 131,645
Corporate securities
13 One year or less 92,462 109,605 107,194 95,235
14 More than one year 15,026 15,582 15,010 17,405
By type of counterparty
With interdealer broker
15 U.S. Treasury 168,517 205,589 215,950 194,377
16 Federal agency and
government-sponsored
enterprises 9,166 11,081 10,548 11,031
17 Mortgage-backed 69,669 63,387 48,751 42,141
18 Corporate 406 293 375 431
With other
19 U.S. Treasury 193,281 228,349 232,047 223,726
20 Federal agency and
government-sponsored
enterprises 65,670 77,805 66,710 64,073
21 Mortgage-backed 166,961 168,336 131,260 89,504
22 Corporate 107,082 124,894 121,828 112,208
(1.) The figures represent purchases and sales in the market by the
primary U.S. government securities dealers reporting to the Federal
Reserve Bank of New York. Outright transactions include all U.S.
government, federal agency, government-sponsored enterprise,
mortgage-backed, and corporate securities scheduled for immediate
and forward delivery, as well as all U.S. government securities
traded on a when-issued basis between the announcement and issue
date. Data do not include transactions under repurchase and reverse
repurchase (resale) agreements. Averages are based on the number of
trading days in the week.
(2.) Outright Treasury inflation-indexed securities (TIIS) transactions
are reported at principal value, excluding accrued interest, where
principal value reflects the original issuance par amount (unadjusted
for inflation) times the price times the index ratio.
NOTE. Major changes in the report form filed by primary dealers
induced a break in the dealer data series as of the week ending
July 4, 2001. Current weekly data may be found at the Federal
Reserve Bank of New York web site (http:www.newyorkfed.org/
pihome/statistics) under the Primary Dealer heading.
1.43 U.S. GOVERNMENT SECURITIES DEALERS Positions and Financing (1)
Millions of dollars
2002
Item, by type of security July Aug. Sept.
Net outright positions (2)
1 U.S. Treasury bills 18,313 11,225 8,379
Treasury coupon securities
by maturity
2 Three years or less -21,724 -22,358 -17,680
3 More than three years but
less than or equal to
six years -27,887 -31,298 -35,388
4 More than six but less
than or equal to eleven
years -18,793 -10,829 -15,420
5 More than eleven 9,643 9,542 9,083
6 Inflation-indexed 2,095 1,615 1,239
Federal agency and
government-sponsored
enterprises
7 Discount notes 43,513 49,090 49,345
Coupon securities, by
maturity
8 Three years or less 13,689 14,220 14,031
9 More than three years
but less than or equal
to six years 2,940 3,172 1,826
10 More than six but less
than or equal to
eleven years 2,518 2,805 2,242
11 More than eleven 1,843 2,197 2,303
12 Mortgage-backed 27,103 19,408 16,667
Corporate securities
13 One year or less 26,671 25,138 23,363
14 More than one year 50,029 47,631 48,908
Financing (3)
Securities in, U.S. Treasury
15 Overnight and continuing 597,214 621,725 627,852
16 Term 783,021 851,220 904,116
Federal agency and
government-sponsored
enterprises
17 Overnight and continuing 148,869 152,003 156,069
18 Term 286,823 297,317 306,858
Mortgage-backed securities
19 Overnight and continuing 36,290 43,387 44,642
20 Term 265,468 272,722 278,235
Corporate securities
21 Overnight and continuing 49,918 51,730 50,351
22 Term 21,166 23,156 25,606
MEMO
Reverse repurchase
agreements
23 Overnight and continuing 423,236 461,682 477,054
24 Term 1,208,829 1,296,922 1,363,411
Securities out, U.S.
Treasury
25 Overnight and continuing 544,079 584,373 596,372
26 Term 741,879 791,145 829,047
Federal agency and
government-sponsored
enterprises
27 Overnight and continuing 269,456 279,430 279,838
28 Term 214,229 225,030 237,666
Mortgage-backed securities
29 Overnight and continuing 306,489 314,045 303,749
30 Term 176,112 171,418 176,871
Corporate securities
31 Overnight and continuing 129,395 131,536 127,796
32 Term 16,983 18,074 19,734
MEMO
Repurchase agreements
33 Overnight and continuing 1,079,724 1,148,724 1,150,894
34 Term 1,122,435 1,176,213 1,231,403
2002, week ending
Item, by type of security Sept. 4 Sept. 11 Sept. 18
Net outright positions (2)
1 U.S. Treasury bills 14,143 13,828 6,768
Treasury coupon securities
by maturity
2 Three years or less -16,391 -16,805 -15,484
3 More than three years but
less than or equal to
six years -35,557 -34,322 -38,199
4 More than six but less
than or equal to eleven
years -12,873 -15,220 -17,548
5 More than eleven 8,621 10,336 8,210
6 Inflation-indexed 1,243 1,401 1,552
Federal agency and
government-sponsored
enterprises
7 Discount notes 52,688 45,130 45,651
Coupon securities, by
maturity
8 Three years or less 16,180 14,166 13,262
9 More than three years
but less than or equal
to six years 2,061 1,124 3,037
10 More than six but less
than or equal to
eleven years 2,719 2,232 2,577
11 More than eleven 2,314 2,164 2,295
12 Mortgage-backed 17,788 16,350 17,696
Corporate securities
13 One year or less 23,845 24,123 24,064
14 More than one year 47,294 45,056 46,976
Financing (3)
Securities in, U.S. Treasury
15 Overnight and continuing 634,109 612,503 622,927
16 Term 825,997 891,493 935,987
Federal agency and
government-sponsored
enterprises
17 Overnight and continuing 161,585 153,590 155,997
18 Term 291,973 308,592 305,214
Mortgage-backed securities
19 Overnight and continuing 53,245 49,137 47,826
20 Term 262,391 281,581 281,670
Corporate securities
21 Overnight and continuing 52,142 51,613 50,540
22 Term 25,040 25,570 25,875
MEMO
Reverse repurchase
agreements
23 Overnight and continuing 502,394 460,847 472,576
24 Term 1,255,637 1,356,560 1,398,606
Securities out, U.S.
Treasury
25 Overnight and continuing 608,472 599,755 589,210
26 Term 745,822 812,927 861,050
Federal agency and
government-sponsored
enterprises
27 Overnight and continuing 277,706 272,784 277,245
28 Term 227,020 242,059 239,226
Mortgage-backed securities
29 Overnight and continuing 291,424 288,941 318,178
30 Term 172,445 192,671 175,240
Corporate securities
31 Overnight and continuing 127,535 127,520 127,636
32 Term 18,773 20,515 20,281
MEMO
Repurchase agreements
33 Overnight and continuing 1,156,919 1,129,897 1,153,515
34 Term 1,134,701 1,237,932 1,267,030
2002, week ending
Item, by type of security Sept. 25 Oct. 2 Oct. 9
Net outright positions (2)
1 U.S. Treasury bills 2,644 6,425 4,735
Treasury coupon securities
by maturity
2 Three years or less -17,458 -23,319 -26,712
3 More than three years but
less than or equal to
six years -34,146 -34,548 -36,408
4 More than six but less
than or equal to eleven
years -15,053 -15,273 -18,442
5 More than eleven 9,559 8,257 7,216
6 Inflation-indexed 856 1,109 2,554
Federal agency and
government-sponsored
enterprises
7 Discount notes 52,446 53,403 51,373
Coupon securities, by
maturity
8 Three years or less 12,628 15,165 17,626
9 More than three years
but less than or equal
to six years 1,541 1,324 1,276
10 More than six but less
than or equal to
eleven years 1,212 2,850 3,637
11 More than eleven 2,477 2,259 1,814
12 Mortgage-backed 18,517 12,181 6,391
Corporate securities
13 One year or less 21,766 23,169 20,855
14 More than one year 52,598 53,129 55,857
Financing (3)
Securities in, U.S. Treasury
15 Overnight and continuing 639,847 634,437 649,969
16 Term 981,467 831,371 884,922
Federal agency and
government-sponsored
enterprises
17 Overnight and continuing 153,880 158,294 158,970
18 Term 312,029 311,400 328,501
Mortgage-backed securities
19 Overnight and continuing 35,992 39,116 41,306
20 Term 286,360 270,040 278,470
Corporate securities
21 Overnight and continuing 48,892 48,930 48,760
22 Term 25,595 25,747 26,196
MEMO
Reverse repurchase
agreements
23 Overnight and continuing 480,787 480,515 481,214
24 Term 1,452,795 1,284,812 1,359,926
Securities out, U.S.
Treasury
25 Overnight and continuing 596,199 592,224 596,345
26 Term 910,368 759,544 809,044
Federal agency and
government-sponsored
enterprises
27 Overnight and continuing 291,553 278,646 284,135
28 Term 234,878 241,750 251,219
Mortgage-backed securities
29 Overnight and continuing 309,878 305,561 307,956
30 Term 176,362 161,289 171,096
Corporate securities
31 Overnight and continuing 127,627 128,853 127,251
32 Term 18,758 20,011 21,437
MEMO
Repurchase agreements
33 Overnight and continuing 1,173,049 1,140,786 1,146,590
34 Term 1,305,023 1,146,680 1,218,693
2002, week ending
Item, by type of security Oct. 16 Oct. 23
Net outright
positions (2)
1 U.S. Treasury bills 9,987 15,831
Treasury coupon securities
by maturity
2 Three years or less -33,528 -22,182
3 More than three years but
less than or equal to
six years -32,265 -34,742
4 More than six but less
than or equal to eleven
years -12,612 -11,724
5 More than eleven 8,455 7,949
6 Inflation-indexed 3,071 3,466
Federal agency and
government-sponsored
enterprises
7 Discount notes 49,694 50,665
Coupon securities, by
maturity
8 Three years or less 17,312 14,869
9 More than three years
but less than or equal
to six years 1,325 1,068
10 More than six but less
than or equal to
eleven years 2,860 2,405
11 More than eleven 2,235 2,381
12 Mortgage-backed 37,239 10,876
Corporate securities
13 One year or less 27,145 23,943
14 More than one year 54,307 48,299
Financing (3)
Securities in, U.S. Treasury
15 Overnight and continuing 629,323 602,931
16 Term 892,184 907,593
Federal agency and
government-sponsored
enterprises
17 Overnight and continuing 159,739 154,666
18 Term 301,079 309,992
Mortgage-backed securities
19 Overnight and continuing 35,322 45,391
20 Term 276,023 288,415
Corporate securities
21 Overnight and continuing 49,215 49,683
22 Term 26,153 26,326
MEMO
Reverse repurchase
agreements
23 Overnight and continuing 475,331 447,086
24 Term 1,334,015 1,372,666
Securities out, U.S.
Treasury
25 Overnight and continuing 566,545 551,031
26 Term 817,589 849,039
Federal agency and
government-sponsored
enterprises
27 Overnight and continuing 288,322 298,331
28 Term 224,496 229,034
Mortgage-backed securities
29 Overnight and continuing 334,464 332,450
30 Term 170,989 184,765
Corporate securities
31 Overnight and continuing 135,297 131,662
32 Term 22,818 24,299
MEMO
Repurchase agreements
33 Overnight and continuing 1,165,697 1,155,106
34 Term 1,199,461 1,249,778
(1.) Data for positions and financing are obtained from reports
submitted to the Federal Reserve Bank of New York by the U.S.
government securities dealers on its published list of primary
dealers. Weekly figures are close-of-business Wednesday data.
Positions for calendar days of the report week are assumed to be
constant. Monthly averages are based on the number of calendar
days in the month.
(2.) Net outright positions include all U.S. government, federal
agency, government-sponsored enterprise, mortgage-backed, and
corporate securities scheduled for immediate and forward delivery,
as well as U.S. government securities traded on a when-issued basis
between the announcement and issue date.
(3.) Figures cover financing U.S. government, federal agency,
government-sponsored enterprise, mortgage-backed, and corporate
securities. Financing transactions for Treasury inflation-indexed
securities (TIIS) are reported in actual funds paid or received,
except for pledged securities. TIIS that are issued as pledged
securities are reported at par value, which is the value of the
security at original issuance (unadjusted for inflation).
NOTE. Major changes in the report form filed by primary dealers
included a break in many series as of the week ending July 4, 2001.
Current weekly data may be found at the Federal Reserve Bank of
New York web site (http://www.newyorkfed.org/pihome/statistics) under
the Primary Dealer heading.
Securities Markets and Corporte Finance
1.44 FEDERAL AND FEDERALLY SPONSORED CREDIT AGENCIES Debt Outstanding
Millions of dollars, end of period
Agency 1998 1999
1 Federal and federally sponsored
agencies 1,296,477 1,616,492
2 Federal agencies 26,502 26,376
3 Defense Department (1) 6 6
4 Export-Import Bank (2),(3) n.a. n.a.
5 Federal Housing
Administration (4) 205 126
6 Government National Mortgage
Association certificates of
participation (5) n.a. n.a.
7 Postal Service (6) n.a. n.a.
8 Tennessee Valley Authority 26,496 26,370
9 United States Railway
Association (6) n.a. n.a.
10 Federally sponsored agencies (7) 1,269,975 1,590,116
11 Federal Home Loan Banks 382,131 529,005
12 Federal Home Loan Mortgage
Corporation 287,396 360,711
13 Federal National Mortgage
Association 460,291 547,619
14 Farm Credit Banks (8) 63,488 68,883
15 Student Loan Marketing
Association (9) 35,399 41,988
16 Financing Corporation (10) 8,170 8,170
17 Farm Credit Financial
Assistance Corporation (11) 1,261 1,261
18 Resolution Funding
Corporation (12) 29,996 29,996
MEMO
19 Federal Financing Bank debt (13) 44,129 42,152
Lending to federal and federally
sponsored agencies
20 Export-Import Bank (3) n.a. n.a.
21 Postal Service (6) n.a. n.a.
22 Student Loan Marketing
Association n.a. n.a.
23 Tennessee Valley Authority n.a. n.a.
24 United States Railway
Association (6) n.a. n.a.
Other lending (14)
25 Farmers Home Administration 9,500 6,665
26 Rural Electrification
Administration 14,091 14,085
27 Other 20,538 21,402
Agency 2000 2001
1 Federal and federally sponsored
agencies 1,851,632 2,121,057
2 Federal agencies 25,666 276
3 Defense Department (1) 6 6
4 Export-Import Bank (2),(3) n.a. n.a.
5 Federal Housing
Administration (4) 255 26,828
6 Government National Mortgage
Association certificates of
participation (5) n.a. n.a.
7 Postal Service (6) n.a. n.a.
8 Tennessee Valley Authority 25,660 270
9 United States Railway
Association (6) n.a. n.a.
10 Federally sponsored agencies (7) 1,825,966 2,120,781
11 Federal Home Loan Banks 594,404 623,740
12 Federal Home Loan Mortgage
Corporation 426,899 565,071
13 Federal National Mortgage
Association 642,700 763,500
14 Farm Credit Banks (8) 74,181 76,673
15 Student Loan Marketing
Association (9) 45,375 48,350
16 Financing Corporation (10) 8,170 8,170
17 Farm Credit Financial
Assistance Corporation (11) 1,261 1,261
18 Resolution Funding
Corporation (12) 29,996 29,996
MEMO
19 Federal Financing Bank debt (13) 40,575 39,096
Lending to federal and federally
sponsored agencies
20 Export-Import Bank (3) n.a. n.a.
21 Postal Service (6) n.a. n.a.
22 Student Loan Marketing
Association n.a. n.a.
23 Tennessee Valley Authority n.a. n.a.
24 United States Railway
Association (6) n.a. n.a.
Other lending (14)
25 Farmers Home Administration 5,275 n.a.
26 Rural Electrification
Administration 13,126 13,876
27 Other 22,174 25,220
2002
Agency Apr. May June
1 Federal and federally sponsored
agencies 2,144,106 2,150,724 2,161,580
2 Federal agencies 188 208 223
3 Defense Department (1) 6 6 6
4 Export-Import Bank (2),(3) n.a. n.a. n.a.
5 Federal Housing
Administration (4) 26,331 26,450 26,826
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 182 202 217
9 United States Railway
Association (6) n.a. n.a. n.a.
10 Federally sponsored agencies (7) 2,143,918 2,150,516 2,161,357
11 Federal Home Loan Banks 637,963 640,222 643,102
12 Federal Home Loan Mortgage
Corporation 596,800 601,037 601,363
13 Federal National Mortgage
Association 783,100 782,000 789,000
14 Farm Credit Banks (8) 79,186 80,258 80,951
15 Student Loan Marketing
Association (9) 49,500 48,900 49,600
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) 37,639 37,175 37,091
Lending to federal and federally
sponsored agencies
20 Export-Import Bank (3) n.a. n.a. n.a.
21 Postal Service (6) n.a. n.a. n.a.
22 Student Loan Marketing
Association n.a. n.a. n.a.
23 Tennessee Valley Authority n.a. n.a. n.a.
24 United States Railway
Association (6) n.a. n.a. n.a.
Other lending (14)
25 Farmers Home Administration n.a. n.a. n.a.
26 Rural Electrification
Administration 14,053 14,184 14,301
27 Other 23,586 22,991 22,790
2002
Agency July Aug.
1 Federal and federally sponsored
agencies n.a. n.a.
2 Federal agencies 223 164
3 Defense Department (1) 6 6
4 Export-Import Bank (2),(3) n.a. n.a.
5 Federal Housing
Administration (4) 26,541 26,274
6 Government National Mortgage
Association certificates of
participation (5) n.a. n.a.
7 Postal Service (6) n.a. n.a.
8 Tennessee Valley Authority 217 158
9 United States Railway
Association (6) n.a. n.a.
10 Federally sponsored agencies (7) n.a. n.a.
11 Federal Home Loan Banks 651,253 659,258
12 Federal Home Loan Mortgage
Corporation 604,853 603,135
13 Federal National Mortgage
Association 784,020 789,900
14 Farm Credit Banks (8) 81,265 81,658
15 Student Loan Marketing
Association (9) 48,500 49,500
16 Financing Corporation (10) 8,170 8,170
17 Farm Credit Financial
Assistance Corporation (11) 1,261 1,261
18 Resolution Funding
Corporation (12) 29,996 29,996
MEMO
19 Federal Financing Bank debt (13) 37,830 42,825
Lending to federal and federally
sponsored agencies
20 Export-Import Bank (3) n.a. n.a.
21 Postal Service (6) n.a. n.a.
22 Student Loan Marketing
Association n.a. n.a.
23 Tennessee Valley Authority n.a. n.a.
24 United States Railway
Association (6) n.a. n.a.
Other lending (14)
25 Farmers Home Administration n.a. n.a.
26 Rural Electrification
Administration 14,338 13,599
27 Other 23,492 29,226
(1.) Consists of mortgages assumed by the Defense Department between
1957 and 1963 under family housing and homeowners assistance programs.
(2.) Includes participation certificates reclassified as debt beginning
Oct. 1, 1976.
(3.) On-budget since Sept. 30, 1976.
(4.) Consists of debentures issued in payment of Federal Housing
Administration insurance claims. Once issued, these securities may be
sold privately on the securities market.
(5.) Certificates of participation issued before fiscal year 1969 by
the Government National Mortgage Association acting as trustee for the
Farmers Home Administration; the Department of Health, Education, and
Welfare; the Department of Housing and Urban Development; the Small
Business Administration; and the Veterans Administration.
(6.) Off-budget.
(7.) Includes outstanding noncontingent liabilities: notes, bonds, and
debentures. Includes Federal Agriculture Mortgage Corporation;
therefore, details do not sum to total. Some data are estimated.
(8.) Excludes borrowing by the Farm Credit Financial Assistance
Corporation, which is shown on line 17.
(9.) Before late 1982, the association obtained financing through the
Federal Financing Bank (FFB). Borrowing excludes that obtained from the
FFB, which is shown on line 22.
(10.) The Financing Corporation, established in August 1987 to
recapitalize the Federal Savings and Loan Insurance Corporation,
undertook its first borrowing in October 1987.
(11.) The Farm Credit Financial Assistance Corporation, established in
January 1988 to provide assistance to the Farm Credit System, undertook
its first borrowing in July 1988.
(12.) The Resolution Funding Corporation, established by the Financial
Institutions Reform, Recovery, and Enforcement Act of 1989, undertook
its first borrowing in October 1989.
(13.) The FFB, which began operations in 1974, is authorized to
purchase or sell obligations issued, sold, or guaranteed by other
federal agencies. Because FFB incurs debt solely for the purpose of
lending to other agencies, its debt is not included in the main portion
of the table to avoid double counting.
(14.) Includes FFB purchases of agency assets and guaranteed loans; the
latter are loans guaranteed by numerous agencies, with the amounts
guaranteed by any one agency generally being small. The Farmers Home
Administration entry consists exclusively of agency assets, whereas the
Rural Electrification Administration entry consists of both agency
assets and guaranteed loans.
Securities Markets and Corporate Finance
1.45 NEW SECURITY ISSUES Tax-Exempt State and Local Governments
Millions of dollars
Type of issue or issuer,
or use 1999 2000 2001
1 All issues, new and refunding (1) 215,427 180,403 270,566
By type of issue
2 General obligation 73,308 64,475 100,519
3 Revenue 142,120 115,928 170,047
By type of issuer
4 State 16,376 19,944 30,099
5 Special district or statutory
authority (2) 152,418 111,695 179,427
6 Municipality, county, or township 46,634 39,273 61,040
7 Issues for new capital 161,065 154,257 192,161
By use of proceeds
8 Education 36,563 38,665 50,054
9 Transportation 17,394 19,730 21,411
10 Utilities and conservation 15,098 11,917 21,917
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 9,099 7,122 6,607
13 Other purposes 47,896 47,309 55,733
2002
Type of issue or issuer,
or use Mar. Apr. May
1 All issues, new and refunding (1) 23,842 23,261 32,858
By type of issue
2 General obligation 10,269 8,559 10,446
3 Revenue 13,574 14,702 22,413
By type of issuer
4 State 3,265 3,057 1,531
5 Special district or statutory
authority (2) 15,479 15,520 23,866
6 Municipality, county, or township 5,098 4,683 7,461
7 Issues for new capital 16,856 17,115 20,663
By use of proceeds
8 Education 5,484 5,279 6,027
9 Transportation 1,633 773 1,795
10 Utilities and conservation 1,290 2,091 1,785
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 515 344 614
13 Other purposes 4,894 6,784 6,962
2002
Type of issue or issuer,
or use June July Aug.
1 All issues, new and refunding (1) 36,315 25,771 28,918
By type of issue
2 General obligation 16,166 10,130 10,226
3 Revenue 20,149 15,642 18,692
By type of issuer
4 State 3,718 3,404 3,472
5 Special district or statutory
authority (2) 27,283 16,007 20,144
6 Municipality, county, or township 5,315 6,361 5,302
7 Issues for new capital 23,727 19,189 19,392
By use of proceeds
8 Education 7,060 4,205 3,968
9 Transportation 3,351 3,251 4,413
10 Utilities and conservation 1,087 1,660 2,806
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 631 760 283
13 Other purposes 7,653 5,893 6,537
2002
Type of issue or issuer,
or use Sept. Oct.
1 All issues, new and refunding (1) 27,313 40,150
By type of issue
2 General obligation 9,562 16,075
3 Revenue 17,751 24,074
By type of issuer
4 State 2,442 4,199
5 Special district or statutory
authority (2) 19,105 29,273
6 Municipality, county, or township 5,767 6,678
7 Issues for new capital 15,022 27,718
By use of proceeds
8 Education 3,529 5,209
9 Transportation 1,398 1,476
10 Utilities and conservation 2,038 6,922
11 Social welfare n.a. n.a.
12 Industrial aid 574 1,225
13 Other purposes 5,597 6,996
(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,
of issuer 1999 2000 2001
1 All issues (1) 1,072,866 942,198 1,382,003
2 Bonds (2) 941,298 807,281 1,253,449
By type of offering
3 Sold in the United States 818,683 684,484 1,197,060
4 Sold abroad 122,615 122,798 56,389
MEMO
5 Private placements, domestic 24,703 18,370 8,734
By industry group
6 Nonfinancial 293,963 242,207 445,930
7 Financial 647,335 565,074 807,519
8 Stocks (3) 242,941 312,689 231,288
By type of offering
9 Public 131,568 134,917 128,554
10 Private placement (4) 111,373 177,772 102,734
By industry group
11 Nonfinancial 110,284 118,369 77,577
12 Financial 21,284 16,548 50,977
2002
Type of issue, offering,
of issuer Feb. Mar. Apr.
1 All issues (1) 86,090 158,904 103,575
2 Bonds (2) 79,515 145,984 93,039
By type of offering
3 Sold in the United States 73,474 128,026 88,051
4 Sold abroad 6,041 17,958 4,989
MEMO
5 Private placements, domestic 0 0 0
By industry group
6 Nonfinancial 30,770 43,231 34,803
7 Financial 48,746 102,753 58,237
8 Stocks (3) 6,575 12,920 10,536
By type of offering
9 Public 6,575 12,920 10,536
10 Private placement (4) n.a. n.a. n.a.
By industry group
11 Nonfinancial 4,024 4,893 7,834
12 Financial 2,551 8,027 2,702
2002
Type of issue, offering,
of issuer May June July
1 All issues (1) 112,103 136,623 59,058
2 Bonds (2) 103,141 120,087 54,544
By type of offering
3 Sold in the United States 93,279 108,362 51,182
4 Sold abroad 9,862 11,725 3,362
MEMO
5 Private placements, domestic 4,506 3,068 0
By industry group
6 Nonfinancial 19,157 26,696 7,432
7 Financial 83,984 93,392 47,112
8 Stocks (3) 8,962 16,536 4,514
By type of offering
9 Public 8,962 16,536 4,514
10 Private placement (4) n.a. n.a. n.a.
By industry group
11 Nonfinancial 6,633 11,608 1,833
12 Financial 2,329 4,928 2,681
2002
Type of issue, offering,
of issuer Aug. Sept.
1 All issues (1) 88,222 118,147
2 Bonds (2) 84,216 110,852
By type of offering
3 Sold in the United States 80,772 106,420
4 Sold abroad 3,444 4,432
MEMO
5 Private placements, domestic 0 65
By industry group
6 Nonfinancial 14,407 17,121
7 Financial 69,809 93,731
8 Stocks (3) 4,006 7,295
By type of offering
9 Public 4,006 7,295
10 Private placement (4) n.a. n.a.
By industry group
11 Nonfinancial 539 2,754
12 Financial 3,467 4,541
(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 for private placements are not available at a monthly
frequency.
SOURCE. Securities Data Company and the Board of Governors of
the Federal Reserve System.
1.47 OPEN-END INVESTMENT COMPANIES Net Sales and Assets (1)
Millions of dollars
2002
Item 2000 2001 Mar. Apr.
1 Sales of own shares
(2) 2,279,315 1,806,474 170,326 164,504
2 Redemptions of own
shares 2,057,277 1,677,266 130,661 140,524
3 Net sales (3) 222,038 129,208 39,665 23,980
4 Assets (4) 5,123,747 4,689,624 4,814,961 4,704,886
5 Cash (5) 277,386 219,620 241,078 249,078
6 Other 4,846,361 4,470,004 4,573,883 4,455,808
2002
Item May June July
1 Sales of own shares
(2) 154,987 138,520 170,946
2 Redemptions of own
shares 138,052 144,153 200,148
3 Net sales (3) 16,935 -5,633 -29,202
4 Assets (4) 4,693,928 4,434,603 4,124,186
5 Cash (5) 243,755 208,390 199,586
6 Other 4,450,173 4,226,213 3,924,600
2002
Item Aug. Sept. (r) Oct.
1 Sales of own shares
(2) 151,136 125,408 165,302
2 Redemptions of own
shares 136,210 126,760 167,732
3 Net sales (3) 14,926 -1,352 -2,430
4 Assets (4) 4,170,641 3,899,858 4,059,840
5 Cash (5) 220,425 199,778 206,345
6 Other 3,950,216 3,700,080 3,853,495
(1.) Data include stock, hybrid, and bond mutual funds and exclude
money market mutual funds.
(2.) Excludes reinvestment of net income dividends and capital gains
distributions and share issue of conversions from one fund to another
in the same group.
(3.) Excludes sales and redemptions resulting from transfers of shares
into or out of money market mutual funds within the same fund family.
(4.) Market value at end of period, less current liabilities.
(5.) Includes all U.S. Treasury securities and other short-term debt
securities.
SOURCE. Investment Company Institute. Data based on reports of
membership, which comprises substantially all open-end investment
companies registered with the Securities and Exchange Commission. Data
reflect underwritings of newly formed companies after their initial
offering of securities.
1.51 DOMESTIC FINANCE COMPANIES Assets and Liabilities (1)
Billions of dollars, end of period; not seasonally adjusted
2001
Account 1999 2000 2001 Q1
ASSETS
1 Accounts receivable, gross
(2) 845.4 958.7 948.3 954.5
2 Consumer 304.4 328.0 340.1 319.3
3 Business 395.1 458.4 447.0 459.1
4 Real estate 145.8 172.3 161.3 176.1
5 LESS: Reserves for unearned
income 61.4 69.7 60.6 69.9
6 Reserves for losses 14.7 16.7 21.0 17.2
7 Accounts receivable, net 769.3 872.3 866.7 867.3
8 All other 406.6 461.5 523.4 474.8
9 Total assets 1,175.9 1,333.7 1,390.1 1,342.1
LIABILITIES AND CAPITAL
10 Bank loans 35.4 35.9 50.8 41.6
11 Commercial paper 230.4 238.8 158.6 180.9
Debt
12 Owed to parent 87.8 102.5 99.2 97.2
13 Not elsewhere classified 429.9 502.2 567.4 533.8
14 All other liabilities 237.8 301.8 325.5 325.2
15 Capital, surplus, and
undivided profits 154.5 152.5 188.6 163.5
16 Total liabilities and
capital 1,175.9 1,333.7 1,390.1 1,342.1
2001
Account Q2 Q3 Q4
ASSETS
1 Accounts receivable, gross
(2) 988.8 967.8 948.3
2 Consumer 324.6 329.3 340.1
3 Business 481.9 451.1 447.0
4 Real estate 182.3 187.4 161.3
5 LESS: Reserves for unearned
income 61.5 60.8 60.6
6 Reserves for losses 17.4 18.0 21.0
7 Accounts receivable, net 909.8 889.0 866.7
8 All other 458.9 478.7 523.4
9 Total assets 1,368.7 1,367.7 1,390.1
LIABILITIES AND CAPITAL
10 Bank loans 45.3 44.5 50.8
11 Commercial paper 181.6 171.0 158.6
Debt
12 Owed to parent 93.4 91.7 99.2
13 Not elsewhere classified 542.1 555.8 567.4
14 All other liabilities 336.3 327.6 325.5
15 Capital, surplus, and
undivided profits 170.0 177.2 188.6
16 Total liabilities and
capital 1,368.7 1,367.7 1,390.1
2002
Account Q1 Q2 Q3
ASSETS
1 Accounts receivable, gross
(2) 930.0 941.9 943.4
2 Consumer 329.8 332.0 332.6
3 Business 443.0 449.4 445.5
4 Real estate 157.2 160.5 165.3
5 LESS: Reserves for unearned
income 59.5 58.5 57.9
6 Reserves for losses 21.5 21.6 22.0
7 Accounts receivable, net 849.0 861.9 863.6
8 All other 515.2 530.6 557.7
9 Total assets 1,364.2 1,392.5 1,421.2
LIABILITIES AND CAPITAL
10 Bank loans 49.4 56.9 74.9
11 Commercial paper 137.0 130.8 143.1
Debt
12 Owed to parent 82.6 83.3 82.8
13 Not elsewhere classified 574.4 597.2 584.4
14 All other liabilities 329.1 331.5 341.6
15 Capital, surplus, and
undivided profits 191.7 192.9 194.4
16 Total liabilities and
capital 1,364.2 1,392.5 1,421.2
(1.) Includes finance company subsidiaries of bank holding companies
but not of retailers and banks. Data are amounts carried on the balance
sheets of finance companies; securitized pools are not shown, as they
are not on the books.
(2.) Before deduction for unearned income and losses. Excludes
pools of securitized assets.
1.52 DOMESTIC FINANCE COMPANIES Owned and Managed Receivables (1)
Billions of dollars, amounts outstanding
Type of credit 1999 2000 2001
Seasonally adjusted
1 Total 1,031.2 1,187.0 1,248.5
2 Consumer 410.2 465.2 514.6
3 Real estate 174.0 198.9 207.7
4 Business 446.9 522.8 526.2
Not seasonally adjusted
5 Total 1,036.4 1,192.1 1,253.7
6 Consumer 412.7 468.3 518.1
7 Motor vehicle loans 129.2 141.6 173.9
8 Motor vehicle leases 102.9 108.2 103.5
9 Revolving (2) 32.5 37.6 31.5
10 Other (3) 39.8 40.7 31.1
Securitized assets (4)
11 Motor vehicle loans 73.1 97.1 131.9
12 Motor vehicle leases 9.7 6.6 6.8
13 Revolving 6.7 19.6 25.0
14 Other 18.8 17.1 14.3
15 Real estate 174.0 198.9 207.7
16 One- to four-family 108.2 130.6 120.1
17 Other 37.6 41.7 41.2
Securitized real
estate assets (4)
18 One- to four-family 28.0 24.7 40.7
19 Other .2 1.9 5.7
20 Business 449.6 525.0 527.9
21 Motor vehicles 69.4 75.5 54.0
22 Retail loans 21.1 18.3 16.1
23 Wholesale loans (5) 34.8 39.7 20.3
24 Leases 13.6 17.6 17.6
25 Equipment 238.7 283.5 289.4
26 Loans 64.5 70.2 77.8
27 Leases 174.2 213.3 211.6
28 Other business
receivables (6) 87.0 99.4 103.5
Securitized assets (4)
29 Motor vehicles 31.5 37.8 50.1
30 Retail loans 2.9 3.2 5.1
31 Wholesale loans 26.4 32.5 42.5
32 Leases 2.1 2.2 2.5
33 Equipment 14.6 23.1 23.2
34 Loans 7.9 15.5 16.4
35 Leases 6.7 7.6 6.8
36 Other business
receivables (6) 8.4 5.6 7.7
2002
Apr. May June
Type of credit (r) (r) (r)
Seasonally adjusted
1 Total 1,236.5 1,243.1 1,258.3
2 Consumer 519.2 519.5 525.0
3 Real estate 196.2 200.8 203.1
4 Business 521.1 522.8 530.2
Not seasonally adjusted
5 Total 1,242.0 1,246.3 1,264.4
6 Consumer 515.2 515.7 524.9
7 Motor vehicle loans 168.8 168.8 170.3
8 Motor vehicle leases 96.8 96.1 96.4
9 Revolving (2) 29.7 30.1 32.1
10 Other (3) 32.5 33.3 33.2
Securitized assets (4)
11 Motor vehicle loans 140.4 141.1 142.4
12 Motor vehicle leases 6.3 6.3 6.2
13 Revolving 26.2 25.8 29.2
14 Other 14.4 14.3 15.0
15 Real estate 196.2 200.8 203.1
16 One- to four-family 116.9 120.4 121.8
17 Other 37.2 38.1 38.7
Securitized real
estate assets (4)
18 One- to four-family 40.8 40.9 40.9
19 Other 1.4 1.4 1.7
20 Business 530.6 529.8 536.5
21 Motor vehicles 57.0 61.1 59.9
22 Retail loans 16.0 16.4 17.0
23 Wholesale loans (5) 23.0 26.9 25.8
24 Leases 18.0 17.8 17.1
25 Equipment 284.6 281.8 288.0
26 Loans 81.2 79.2 78.9
27 Leases 203.4 202.6 209.2
28 Other business
receivables (6) 104.2 103.0 101.5
Securitized assets (4)
29 Motor vehicles 44.3 42.4 45.5
30 Retail loans 2.6 2.6 2.4
31 Wholesale loans 39.0 37.1 40.8
32 Leases 2.7 2.7 2.3
33 Equipment 20.8 21.9 21.7
34 Loans 14.2 15.2 15.0
35 Leases 6.7 6.6 6.7
36 Other business
receivables (6) 19.6 19.6 19.9
2002
July Aug.
Type of credit (r) (r) Sept.
Seasonally adjusted
1 Total 1,269.0 1,269.1 1,269.3
2 Consumer 528.1 522.8 522.2
3 Real estate 206.7 209.6 207.7
4 Business 534.2 536.7 539.4
Not seasonally adjusted
5 Total 1,264.2 1,261.1 1,262.0
6 Consumer 528.6 525.0 524.3
7 Motor vehicle loans 172.5 170.3 176.5
8 Motor vehicle leases 94.9 90.5 88.5
9 Revolving (2) 36.6 36.5 37.3
10 Other (3) 33.0 33.0 32.3
Securitized assets (4)
11 Motor vehicle loans 141.9 144.4 138.9
12 Motor vehicle leases 6.1 6.0 6.0
13 Revolving 28.9 29.9 30.5
14 Other 14.7 14.4 14.4
15 Real estate 206.7 209.6 207.7
16 One- to four-family 125.7 128.7 126.5
17 Other 38.7 38.8 39.0
Securitized real
estate assets (4)
18 One- to four-family 40.6 40.4 40.1
19 Other 1.7 1.7 2.2
20 Business 529.0 526.4 530.0
21 Motor vehicles 56.7 56.0 56.9
22 Retail loans 17.5 17.2 17.6
23 Wholesale loans (5) 22.3 22.2 23.3
24 Leases 16.9 16.6 15.9
25 Equipment 286.0 287.5 289.2
26 Loans 80.0 81.4 82.8
27 Leases 206.1 206.1 206.4
28 Other business
receivables (6) 102.8 99.8 99.4
Securitized assets (4)
29 Motor vehicles 41.5 41.0 43.8
30 Retail loans 2.3 2.2 2.2
31 Wholesale loans 36.9 36.5 39.3
32 Leases 2.3 2.3 2.3
33 Equipment 21.6 22.0 21.6
34 Loans 15.0 15.4 14.8
35 Leases 6.7 6.6 6.7
36 Other business
receivables (6) 20.3 20.1 19.1
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 1999 2000 2001
Terms and yields in primary
and secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of
dollars) 210.7 234.5 245.0
2 Amount of loan (thousands of
dollars) 161.7 177.0 184.2
3 Loan-to-price ratio
(percent) 78.7 77.4 77.3
4 Maturity (years) 28.8 29.2 28.8
5 Fees and charges (percent of
loan amount) (2) .77 .70 .67
Yield (percent per year)
6 Contract rate (1) 6.94 7.41 6.90
7 Effective rate (1), (3) 7.06 7.52 7.00
8 Contract rate (HUD
series) (4) 7.45 n.a. n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section
203) (5) 7.74 n.a. n.a.
10 GNMA securities (6) 7.03 7.57 6.36
Activity in secondary
markets
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
Mortgage holdings (end of
period)
11 Total 523,941 610,122 707,015
12 FHA/VA insured 55,318 61,539 n.a.
13 Conventional 468,623 548,583 n.a.
14 Mortgage transactions
purchased (during period) 195,210 154,231 270,384
Mortgage commitments (during
period)
15 Issued (7) 187,948 163,689 304,084
16 To sell (8) 5,900 11,786 7,586
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage holdings (end of
period) (8)
17 Total 324,443 385,693 491,719
18 FHA/VA insured 1,836 3,332 3,506
19 Conventional 322,607 382,361 488,213
Mortgage transactions
(during period)
20 Purchases 239,793 174,043 n.a.
21 Sales 233,031 166,901 389,611
22 Mortgage commitments
contracted (during
period) (9) 228,432 169,231 417,434
2002
Item Apr. May June
Terms and yields in primary and
secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of
dollars) 262.9 265.0 268.2
2 Amount of loan (thousands of
dollars) 198.9 199.1 201.1
3 Loan-to-price ratio
(percent) 77.7 77.2 77.1
4 Maturity (years) 28.8 29.0 29.0
5 Fees and charges (percent of
loan amount) (2) .64 .59 .56
Yield (percent per year)
6 Contract rate (1) 6.65 6.51 6.38
7 Effective rate (1), (3) 6.74 6.59 6.47
8 Contract rate (HUD
series) (4) n.a. n.a. n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section
203) (5) n.a. n.a. n.a.
10 GNMA securities (6) 6.33 6.21 6.03
Activity in secondary markets
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
Mortgage holdings (end of
period)
11 Total 739,277 741,084 740,744
12 FHA/VA insured n.a. n.a. n.a.
13 Conventional n.a. n.a. n.a.
14 Mortgage transactions
purchased (during period) 23,175 17,432 16,310
Mortgage commitments (during
period)
15 Issued (7) 20,203 18,305 24,700
16 To sell (8) 621 124 2,535
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage holdings (end of
period) (8)
17 Total 521,611 515,732 518,816
18 FHA/VA insured 3,298 2,571 3,649
19 Conventional 518,313 513,161 515,167
Mortgage transactions
(during period)
20 Purchases n.a. n.a. n.a.
21 Sales 40,704 29,831 30,767
22 Mortgage commitments
contracted (during
period) (9) 44,509 (r) 32,702 32,468
2002
Item July Aug. Sept. Oct.
Terms and yields in primary
and secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of
dollars) 268.2 267.5 266.7 258.7
2 Amount of loan (thousands of
dollars) 201.6 199.1 201.1 195.0
3 Loan-to-price ratio
(percent) 77.5 77.3 77.6 77.7
4 Maturity (years) 29.1 29.0 29.1 28.8
5 Fees and charges (percent of
loan amount) (2) .62 .59 .60 .63
Yield (percent per year)
6 Contract rate (1) 6.28 6.17 6.09 6.00
7 Effective rate (1), (3) 6.37 6.26 6.17 6.09
8 Contract rate (HUD
series) (4) n.a. n.a. n.a. n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section
203) (5) n.a. n.a. n.a. n.a.
10 GNMA securities (6) 5.82 5.53 5.15 5.31
Activity in secondary markets
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
Mortgage holdings (end of
period)
11 Total 743,025 746,101 751,423 751,347
12 FHA/VA insured n.a. n.a. n.a. n.a.
13 Conventional n.a. n.a. n.a. n.a.
14 Mortgage transactions
purchased (during period) 17,586 23,123 33,518 32,853
Mortgage commitments (during
period)
15 Issued (7) 29,786 42,555 58,055 n.a.
16 To sell (8) 62 1,292 1,016 n.a.
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage holdings (end of
period) (8)
17 Total 521,137 525,795 530,694 536,389
18 FHA/VA insured 3,413 4,195 4,634 n.a.
19 Conventional 517,724 521,600 526,060 n.a.
Mortgage transactions
(during period)
20 Purchases n.a. n.a. n.a. n.a.
21 Sales 29,335 34,937 46,369 60,516
22 Mortgage commitments
contracted (during
period) (9) 34,827 44,401 57,793 n.a.
(1.) Weighted averages based on sample surveys of mortgages originated
by major institutional lender groups for purchase of newly built
homes; compiled by the Federal Housing Finance Board in cooperation
with the Federal Deposit Insurance Corporation.
(2) Includes all fees, commissions, discounts, and "points" paid (by
the borrower or the seller) to obtain a loan.
(3.) Average effective interest rate on loans closed for purchase of
newly built homes, assuming prepayment at the end of ten years.
(4.) Average contract rate on new commitments for conventional first
mortgages; from U.S. Department of Housing and Urban Development
(HUD). Based on transactions on the first day of the subsequent month.
(5.) Average gross yield on thirty-year, minimum-downpayment first
mortgages insured by the Federal Housing Administration (FHA) for
immediate delivery in the private secondary market. Based on
transactions on first day of subsequent month.
(6) Average net yields to investors on fully modified pass-through
securities backed by mortgages and guaranteed by the Government
National Mortgage Association (GNMA), assuming prepayment in twelve
years on pools of thirty-year mortgages insured by the Federal Housing
Administration or guaranteed by the department of Veterans Affairs.
(7) Does not include standby commitments issued, but includes standby
commitments converted.
(8.) Includes participation loans as well as whole loans.
(9.) Includes conventional and government-underwritten loans. The
Federal Home Loan Mortgage Corporation's mortgage commitments and
mortgage transactions include activity under mortgage securities
swap programs, whereas the corresponding data for the Federal
National Mortgage Association exclude swap activity.
Real Estate
1.54 MORTGAGE DEBT OUTSTANDING (1)
Millions of dollars, end of period
Type of holder and property 1998 1999 2000
1 All holders 5,715,556 6,320,508 6,885,322
By type of property
2 One- to four-family residences 4,365,968 4,790,601 5,203,674
3 Multifamily residences 331,602 369,251 406,530
4 Nonfarm, nonresidential 921,482 1,057,692 1,166,261
5 Farm 96,504 102,964 108,858
By type of holder
6 Major financial institutions 2,194,591 2,394,271 2,618,969
7 Commercial banks (2) 1,336,996 1,495,420 1,660,054
8 One- to four-family 797,004 879,576 965,635
9 Multifamily 54,632 67,665 77,803
10 Nonfarm, nonresidential 456,323 516,333 582,577
11 Farm 29,037 31,846 34,039
12 Savings institutions (3) 643,955 668,064 722,974
13 One- to four-family 533,501 548,222 594,221
14 Multifamily 57,037 59,309 61,258
15 Nonfarm, nonresidential 53,002 60,063 66,965
16 Farm 414 470 529
17 Life insurance companies 213,640 230,787 235,941
18 One- to four-family 6,590 5,934 4,903
19 Multifamily 31,522 32,818 33,681
20 Nonfarm, nonresidential 164,004 179,048 183,757
21 Farm 11,524 12,987 13,600
22 Federal and related agencies 291,961 320,054 344,225
23 Government National Mortgage
Association 7 7 6
24 One- to four-family 7 7 6
25 Multifamily 0 0 0
26 Farmers Home Administration
(4) 40,851 73,871 73,323
27 One- to four-family 16,895 16,506 16,372
28 Multifamily 11,739 11,741 11,733
29 Nonfarm, nonresidential 7,705 41,355 41,070
30 Farm 4,513 4,268 4,148
31 Federal Housing Admin. and
Dept. of Veterans Affairs 3,674 3,712 3,507
32 One- to four-family 1,849 1,851 1,308
33 Multifamily 1,825 1,861 2,199
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 361 152 45
40 One- to four-family 58 25 7
41 Multifamily 70 29 9
42 Nonfarm, nonresidential 233 98 29
43 Farm 0 0 0
44 Federal National Mortgage
Association 156,023 149,422 155,626
45 One- to four-family 147,594 141,195 144,150
46 Multifamily 8,429 8,227 11,476
47 Federal Land Banks 32,983 34,187 36,326
48 One- to four-family 1,941 2,012 2,137
49 Farm 31,042 32,175 34,189
50 Federal Home Loan Mortgage
Corporation 57,085 56,676 59,240
51 One- to four-family 49,106 44,321 42,871
52 Multifamily 7,979 12,355 16,369
53 Mortgage pools or trusts (5) 2,581,297 2,948,245 3,231,415
54 Government National Mortgage
Association 537,446 582,263 611,553
55 One- to four-family 522,498 565,189 592,624
56 Multifamily 14,948 17,074 18,929
57 Federal Home Loan Mortgage
Corporation 646,459 749,081 822,310
58 One- to four-family 643,465 744,619 816,602
59 Multifamily 2,994 4,462 5,708
60 Federal National Mortgage
Association 834,517 960,883 1,057,750
61 One- to four-family 804,204 924,941 1,016,398
62 Multifamily 30,313 35,942 41,352
63 Farmers Home Administration
(4) 1 0 0
64 One- to four-family 0 0 0
65 Multifamily 0 0 0
66 Nonfarm, nonresidential 0 0 0
67 Farm 1 0 0
68 Private mortgage conduits 562,874 656,018 739,802
69 One- to four-family (6) 405,153 455,021 499,834
70 Multifamily 33,784 42,293 48,786
71 Nonfarm, nonresidential 123,937 158,704 191,182
72 Farm 0 0 0
73 Individuals and others (7) 647,708 657,938 690,714
74 One- to four-family 435,137 459,385 490,675
75 Multifamily 76,320 75,244 77,006
76 Nonfarm, nonresidential 116,277 102,092 100,681
77 Farm 19,974 21,217 22,352
2001
Type of holder and property Q2 Q3 Q4
1 All holders 7,211,919 7,407,178 7,589,577
By type of property
2 One- to four-family residences 5,457,068 5,600,299 5,732,523
3 Multifamily residences 426,806 440,753 454,715
4 Nonfarm, nonresidential 1,215,062 1,251,517 1,286,011
5 Farm 112,983 114,610 116,329
By type of holder
6 Major financial institutions 2,711,268 2,734,217 2,791,076
7 Commercial banks (2) 1,722,376 1,736,631 1,789,819
8 One- to four-family 997,206 987,682 1,023,851
9 Multifamily 80,315 83,949 84,851
10 Nonfarm, nonresidential 609,750 629,624 645,619
11 Farm 35,104 35,375 35,498
12 Savings institutions (3) 751,646 758,344 758,236
13 One- to four-family 616,004 620,392 620,579
14 Multifamily 63,399 64,405 64,592
15 Nonfarm, nonresidential 71,664 72,977 72,534
16 Farm 578 569 531
17 Life insurance companies 237,246 239,243 243,021
18 One- to four-family 5,005 5,091 4,931
19 Multifamily 33,856 33,885 35,631
20 Nonfarm, nonresidential 184,713 186,469 188,376
21 Farm 13,672 13,798 14,083
22 Federal and related agencies 356,817 363,001 376,999
23 Government National Mortgage
Association 6 9 8
24 One- to four-family 6 9 8
25 Multifamily 0 0 0
26 Farmers Home Administration
(4) 73,206 72,118 72,452
27 One- to four-family 16,153 15,916 15,824
28 Multifamily 11,720 11,710 11,712
29 Nonfarm, nonresidential 41,262 40,470 40,965
30 Farm 4,072 4,023 3,952
31 Federal Housing Admin. and
Dept. of Veterans Affairs 2,918 3,155 3,290
32 One- to four-family 1,267 1,251 1,260
33 Multifamily 1,651 1,904 2,031
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 24 26 13
40 One- to four-family 4 4 2
41 Multifamily 5 5 3
42 Nonfarm, nonresidential 15 17 8
43 Farm 0 0 0
44 Federal National Mortgage
Association 160,820 165,687 169,908
45 One- to four-family 147,730 151,786 155,060
46 Multifamily 13,090 13,901 14,848
47 Federal Land Banks 38,686 39,722 40,885
48 One- to four-family 2,276 2,337 2,406
49 Farm 36,410 37,385 38,479
50 Federal Home Loan Mortgage
Corporation 61,542 59,638 62,792
51 One- to four-family 42,537 39,217 40,309
52 Multifamily 19,005 20,421 22,483
53 Mortgage pools or trusts (5) 3,432,654 3,583,240 3,715,692
54 Government National Mortgage
Association 598,019 603,186 591,368
55 One- to four-family 577,228 581,796 569,460
56 Multifamily 20,792 21,391 21,908
57 Federal Home Loan Mortgage
Corporation 873,750 927,490 948,409
58 One- to four-family 867,924 921,709 940,933
59 Multifamily 5,826 5,781 7,476
60 Federal National Mortgage
Association 1,163,978 1,228,131 1,290,351
61 One- to four-family 1,116,534 1,177,995 1,238,125
62 Multifamily 47,444 50,136 52,226
63 Farmers Home Administration
(4) 0 0 0
64 One- to four-family 0 0 0
65 Multifamily 0 0 0
66 Nonfarm, nonresidential 0 0 0
67 Farm 0 0 0
68 Private mortgage conduits 796,907 824,433 885,564
69 One- to four-family (6) 539,200 550,200 591,200
70 Multifamily 50,836 53,627 57,009
71 Nonfarm, nonresidential 206,871 220,606 237,355
72 Farm 0 0 0
73 Individuals and others (7) 711,181 726,719 705,811
74 One- to four-family 508,569 522,441 501,081
75 Multifamily 78,680 79,464 79,791
76 Nonfarm, nonresidential 100,786 101,354 101,154
77 Farm 23,147 23,460 23,786
2002
Type of holder and property Q1 Q2 (p)
1 All holders 7,753,640 7,965,275
By type of property
2 One- to four-family residences 5,871,131 6,040,743
3 Multifamily residences 462,579 473,950
4 Nonfarm, nonresidential 1,301,859 1,330,409
5 Farm 118,071 120,173
By type of holder
6 Major financial institutions 2,789,654 2,860,812
7 Commercial banks (2) 1,800,362 1,875,360
8 One- to four-family 1,018,478 1,072,111
9 Multifamily 86,719 90,759
10 Nonfarm, nonresidential 659,187 675,530
11 Farm 35,978 36,960
12 Savings institutions (3) 745,998 740,288
13 One- to four-family 605,171 597,803
14 Multifamily 65,199 65,985
15 Nonfarm, nonresidential 75,077 75,949
16 Farm 551 551
17 Life insurance companies 243,293 245,165
18 One- to four-family 4,938 4,838
19 Multifamily 35,671 35,943
20 Nonfarm, nonresidential 188,599 190,499
21 Farm 14,085 13,885
22 Federal and related agencies 385,027 396,091
23 Government National Mortgage
Association 8 8
24 One- to four-family 8 8
25 Multifamily 0 0
26 Farmers Home Administration
(4) 72,362 71,970
27 One- to four-family 15,665 15,273
28 Multifamily 11,707 11,692
29 Nonfarm, nonresidential 41,134 41,188
30 Farm 3,855 3,817
31 Federal Housing Admin. and
Dept. of Veterans Affairs 3,361 3,473
32 One- to four-family 1,255 1,254
33 Multifamily 2,105 2,218
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 7 22
40 One- to four-family 1 4
41 Multifamily 1 4
42 Nonfarm, nonresidential 4 14
43 Farm 0 0
44 Federal National Mortgage
Association 176,051 180,491
45 One- to four-family 160,300 164,038
46 Multifamily 15,751 16,453
47 Federal Land Banks 41,981 42,951
48 One- to four-family 2,470 2,527
49 Farm 39,511 40,424
50 Federal Home Loan Mortgage
Corporation 59,624 58,872
51 One- to four-family 35,955 34,062
52 Multifamily 23,669 24,810
53 Mortgage pools or trusts (5) 3,869,212 3,986,440
54 Government National Mortgage
Association 587,423 583,950
55 One- to four-family 564,327 559,754
56 Multifamily 23,096 24,196
57 Federal Home Loan Mortgage
Corporation 1,012,478 1,053,261
58 One- to four-family 1,005,136 1,045,981
59 Multifamily 7,342 7,280
60 Federal National Mortgage
Association 1,355,404 1,404,594
61 One- to four-family 1,301,374 1,349,442
62 Multifamily 54,030 55,152
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 913,907 944,635
69 One- to four-family (6) 616,300 637,200
70 Multifamily 57,535 59,180
71 Nonfarm, nonresidential 240,072 248,255
72 Farm 0 0
73 Individuals and others (7) 709,748 721,932
74 One- to four-family 508,260 518,269
75 Multifamily 79,612 80,153
76 Nonfarm, nonresidential 97,786 98,974
77 Farm 24,091 24,536
(1.) Multifamily debt refers to loans on structures of five
or more units.
(2.) Includes loans held by nondeposit trust companies but not
loans held by bank trust departments.
(3.) Includes savings banks and savings and loan associations.
(4.) FmHA-guaranteed securities sold to the Federal Financing Bank
were reallocated from FmHA mortgage pools to FmHA mortgage holdings
in 1986:Q4 because of accounting changes by the Farmers Home
Administration.
(5.) Outstanding principal balances of mortgage-backed securities
insured or guaranteed by the agency indicated.
(6.) Includes securitized home equity loans.
(7.) Other holders include mortgage companies, real estate investment
trusts, state and local credit agencies, state and local retirement
funds, noninsured pension funds, credit unions, and finance companies.
SOURCE. Based on data from various institutional and government
sources. Separation of nonfarm mortgage debt by type of property, if
not reported directly, and interpolations and extrapolations, when
required for some quarters, are estimated in part by the Federal
Reserve. Line 69 from Inside Mortgage Securities and other sources.
1.55 CONSUMER CREDIT (1)
Millions of dollars, amounts outstanding, end of period
Holder and type of
credit 1999 2000 2001
Seasonally adjusted
1 Total 1,416,316 1,560,634 1,667,928
2 Revolving 597,669 666,607 699,875
3 Nonrevolving (2) 818,647 894,027 968,053
Not seasonally adjusted
4 Total 1,446,127 1,593,116 1,701,856
By major holder
5 Commercial banks 499,758 541,470 558,421
6 Finance companies 201,549 219,848 236,559
7 Credit unions 167,921 184,434 189,570
8 Savings institutions 61,527 64,557 69,070
9 Nonfinancial
business 80,311 82,662 67,955
10 Pools of securitized
assets (3) 435,061 500,145 580,281
By major type of
credit (4)
11 Revolving 621,914 693,020 727,297
12 Commercial banks 189,352 218,063 224,878
13 Finance companies 32,483 37,627 31,538
14 Credit unions 20,641 22,226 22,265
15 Savings
institutions 15,838 16,560 17,767
16 Nonfinancial
business 42,783 42,430 29,790
17 Pools of
securitized
assets (3) 320,817 356,114 401,059
18 Nonrevolving 824,213 900,096 (r) 974,559
19 Commercial banks 310,406 323,407 333,543
20 Finance companies 169,066 182,221 205,021
21 Credit unions 147,280 162,208 167,305
22 Savings
institutions 45,689 47,997 51,303
23 Nonfinancial
business 37,528 40,232 38,165
24 Pools of
securitized
assets (3) 114,244 144,031 179,222
2002
Holder and type of
credit Apr. (r) May (r) June (r)
Seasonally adjusted
1 Total 1,695,516 1,702,968 1,707,460
2 Revolving 708,091 709,657 712,098
3 Nonrevolving (2) 987,425 993,311 995,362
Not seasonally adjusted
4 Total 1,682,868 1,690,412 1,700,290
By major holder
5 Commercial banks 556,033 557,521 557,317
6 Finance companies 231,045 232,116 235,640
7 Credit unions 188,885 190,672 191,618
8 Savings institutions 67,742 66,858 66,002
9 Nonfinancial
business 56,922 55,804 53,013
10 Pools of securitized
assets (3) 582,242 587,442 596,700
By major type of
credit (4)
11 Revolving 703,423 704,790 709,440
12 Commercial banks 221,261 218,368 215,852
13 Finance companies 29,686 30,073 32,131
14 Credit unions 20,855 20,882 20,988
15 Savings
institutions 17,216 17,452 17,680
16 Nonfinancial
business 21,357 20,359 17,859
17 Pools of
securitized
assets (3) 393,048 397,655 404,930
18 Nonrevolving 979,445 985,623 990,850
19 Commercial banks 334,772 339,153 341,465
20 Finance companies 201,359 202,043 203,509
21 Credit unions 168,030 169,790 170,630
22 Savings
institutions 50,526 49,406 48,322
23 Nonfinancial
business 35,565 35,445 35,154
24 Pools of
securitized
assets (3) 189,194 189,787 191,770
2002
Holder and type of
credit July (r) Aug. (r) Sept.
Seasonally adjusted
1 Total 1,717,700 1,723,277 1,733,239
2 Revolving 717,388 723,375 728,992
3 Nonrevolving (2) 1,000,312 999,902 1,004,248
Not seasonally adjusted
4 Total 1,708,474 1,725,045 1,731,287
By major holder
5 Commercial banks 558,187 574,164 579,431
6 Finance companies 242,088 238,689 244,109
7 Credit unions 194,060 195,559 195,998
8 Savings institutions 69,284 69,971 70,657
9 Nonfinancial
business 51,332 52,170 50,786
10 Pools of securitized
assets (3) 593,522 594,494 590,307
By major type of
credit (4)
11 Revolving 710,596 720,108 723,651
12 Commercial banks 214,994 226,416 228,730
13 Finance companies 30,570 36,529 37,280
14 Credit unions 21,206 21,505 21,395
15 Savings
institutions 17,426 17,864 18,302
16 Nonfinancial
business 16,467 16,747 15,644
17 Pools of
securitized
assets (3) 403,933 401,048 402,300
18 Nonrevolving 997,878 1,004,937 1,007,636
19 Commercial banks 343,193 347,748 350,700
20 Finance companies 205,518 202,161 206,828
21 Credit unions 172,854 174,054 174,603
22 Savings
institutions 51,858 52,107 52,356
23 Nonfinancial
business 34,866 35,423 35,143
24 Pools of
securitized
assets (3) 189,590 193,445 188,006
(1.) The Board's series on amounts of credit covers most short- and
intermediate-term credit extended to individuals, excluding loans
secured by real estate. Data in this table also appear in the Board's
G.19 (421) monthly statistical release. For ordering address, see
inside front cover.
(2.) Comprises motor vehicle loans, mobile home loans, and all other
loans that are not included in revolving credit, such as loans for
education, boats, trailers, or vacations. These loans may be secured
or unsecured.
(3.) Outstanding balances of pools upon which securities have been
issued; these balances are no longer carried on the balance sheets
of the loan originator.
(4.) Totals include estimates for certain holders for which only
consumer credit totals are available.
1.56 TERMS OF CONSUMER CREDIT (1)
Percent per year except as noted
2002
Item 1999 2000 2001 Mar. Apr.
INTEREST RATES
Commercial banks (2)
1 48-month new car 8.44 9.34 8.50 n.a. n.a.
2 24-month personal 13.39 13.90 13.22 n.a. n.a.
Credit card plan
3 All accounts 15.21 15.71 14.89 n.a. n.a.
4 Accounts assessed
interest 14.81 14.91 14.44 n.a. n.a.
Auto finance companies
5 New car 6.66 6.61 5.65 5.87 5.51
6 Used car 12.60 13.55 12.18 11.14 10.94
OTHER TERMS (3)
Maturity (months)
7 New car 52.7 54.9 55.1 56.4 55.9
8 Used car 55.9 57.0 57.5 57.7 57.7
Loan-to-value ratio
9 New car 92 92 91 90 93
10 Used car 99 99 100 100 101
Amount financed
(dollars)
11 New car 19,880 20,923 22,822 23,065 23,535
12 Used car 13,642 14,058 14,416 14,149 14,363
2002
Item May June July Aug. Sept.
INTEREST RATES
Commercial banks (2)
1 48-month new car 7.74 n.a. n.a. 5.95 n.a.
2 24-month personal 12.57 n.a. n.a. 11.28 n.a.
Credit card plan
3 All accounts 13.55 n.a. n.a. 13.37 n.a.
4 Accounts assessed
interest 13.34 n.a. n.a. 13.26 n.a.
Auto finance companies
5 New car 6.15 6.29 3.50 2.23 2.43
6 Used car 10.90 10.77 10.62 10.50 10.44
OTHER TERMS (3)
Maturity (months)
7 New car 57.3 58.6 59.1 59.4 58.4
8 Used car 57.8 57.7 57.7 57.6 57.5
Loan-to-value ratio
9 New car 92 92 95 96 96
10 Used car 101 100 100 100 100
Amount financed
(dollars)
11 New car 23,324 23,115 24,802 26,208 26,396
12 Used car 14,700 14,787 14,843 14,815 14,799
(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.
Flow of Funds
1.57 FUNDS RAISED IN U.S. CREDIT MARKETS (1)
Billions of dollars; quarterly data at seasonally adjusted annual rates
Transaction category
or sector 1996 1997 1998
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 733.3 804.4 1,042.4
By sector and instrument
2 Federal government 144.9 23.1 -52.6
3 Treasury securities 146.6 23.2 -54.6
4 Budget agency securi-
ties and mortgages -1.6 -.1 2.0
5 Nonfederal 588.3 781.3 1,095.0
By instrument
6 Commercial paper -.9 13.7 24.4
7 Municipal securities
and loans 2.6 71.4 96.8
8 Corporate bonds 116.3 150.5 218.7
9 Bank loans n.e.c. 70.4 106.4 108.2
10 Other loans and
advances 28.7 59.5 82.1
11 Mortgages 280.1 322.3 489.8
12 Home 241.7 258.3 387.7
13 Multifamily
residential 9.8 7.3 23.4
14 Commercial 25.8 53.5 72.2
15 Farm 2.7 3.1 6.5
16 Consumer credit 91.3 57.5 75.0
By borrowing sector
17 Household 339.8 332.7 454.8
18 Nonfinancial business 255.3 392.5 559.9
19 Corporate 183.1 291.6 392.1
20 Nonfarm noncorporate 67.3 94.7 159.7
21 Farm 4.9 6.2 8.0
22 State and local
government -6.8 56.1 80.3
23 Foreign net borrowing in
United States 88.4 71.8 43.2
24 Commercial paper 11.3 3.7 7.8
25 Bonds 67.0 61.4 34.9
26 Bank loans n.e.c. 9.1 8.5 6.6
27 Other loans and
advances 1.0 -1.8 -6.0
28 Total domestic plus
foreign 821.7 876.2 1,085.6
Financial sectors
29 Total net borrowing by
financial sectors 550.1 662.2 1,087.2
By instrument
30 Federal government-
related 231.4 212.9 470.9
31 Government-sponsored
enterprise securities 90.4 98.4 278.3
32 Mortgage pool
securities 141.0 114.6 192.6
33 Loans from U.S.
government .0 .0 .0
34 Private 318.7 449.3 616.3
35 Open market paper 92.2 166.7 161.0
36 Corporate bonds 178.1 218.9 310.2
37 Bank loans n.e.c. 12.6 13.3 30.1
38 Other loans and
advances 27.9 35.6 90.2
39 Mortgages 7.9 14.9 24.8
By borrowing sector
40 Commercial banking 13.0 46.1 72.9
41 Savings institutions 25.5 19.7 52.2
42 Credit unions .1 .1 .6
43 Life insurance companies 1.1 .2 .7
44 Government-sponsored
enterprises 90.4 98.4 278.3
45 Federally related
mortgage pools 141.0 114.6 192.6
46 Issuers of asset-backed
securities (ABSs) 150.8 202.2 321.4
47 Finance companies 50.6 57.8 57.1
48 Mortgage companies 4.1 -4.6 1.6
49 Real estate investment
trusts (REITs) 11.9 39.6 62.7
50 Brokers and dealers -2.0 8.1 7.2
51 Funding corporations 63.8 79.9 40.0
All sectors
52 Total net borrowing, all
sectors 1,371.7 1,538.5 2,172.8
53 Open market paper 102.6 184.1 193.1
54 U.S. government
securities 376.3 236.0 418.3
55 Municipal securities 2.6 71.4 96.8
56 Corporate and foreign
bonds 361.3 430.8 563.7
57 Bank loans n.e.c. 92.1 128.2 145.0
58 Other loans and advances 57.7 93.2 166.3
59 Mortgages 287.9 337.2 514.6
60 Consumer credit 91.3 57.5 75.0
Funds raised through mutual
funds and corporate equities
61 Total net issues 233.4 (r) 181.8 (r) 114.4 (r)
62 Corporate equities -4.2 (r) -83.3 (r) -165.1 (r)
63 Nonfinancial corpo-
rations -69.5 -114.4 -267.0
64 Foreign shares
purchased by U.S.
residents 82.8 57.6 101.3
65 Financial corporations -17.6 (r) -26.5 (r) .6 (r)
66 Mutual fund shares 237.6 265.1 279.5
2001
Transaction category
or sector 1999 2000 Q1
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 1,057.5 (r) 853.9 (r) 949.1 (r)
By sector and instrument
2 Federal government -71.2 -295.9 -59.3
3 Treasury securities -71.0 -294.9 -57.0
4 Budget agency securi-
ties and mortgages -.2 -1.0 -2.2
5 Nonfederal 1,128.7 (r) 1,149.8 (r) 1,008.4 (r)
By instrument
6 Commercial paper 37.4 48.1 -199.2
7 Municipal securities
and loans 68.2 35.3 102.9
8 Corporate bonds 229.9 171.1 399.5
9 Bank loans n.e.c. 82.8 101.7 -19.5
10 Other loans and
advances 46.0 (r) 95.0 (r) 32.5 (r)
11 Mortgages 564.9 559.6 (r) 547.7 (r)
12 Home 424.6 413.7 (r) 423.4 (r)
13 Multifamily
residential 35.7 35.2 37.6
14 Commercial 98.8 104.2 82.3
15 Farm 5.8 6.5 4.3
16 Consumer credit 99.5 139.0 144.5
By borrowing sector
17 Household 498.0 541.3 (r) 506.5 (r)
18 Nonfinancial business 578.4 (r) 581.4 (r) 405.7 (r)
19 Corporate 390.5 (r) 399.8 (r) 237.7 (r)
20 Nonfarm noncorporate 182.4 170.7 162.2
21 Farm 5.5 10.9 5.7
22 State and local
government 52.3 27.2 96.3
23 Foreign net borrowing in
United States 25.2 65.7 -8.5
24 Commercial paper 16.3 31.7 -33.8
25 Bonds 14.1 23.9 21.4
26 Bank loans n.e.c. .5 11.4 14.3
27 Other loans and
advances -5.7 -1.3 -10.4
28 Total domestic plus
foreign 1,082.6 (r) 919.6 (r) 940.6 (r)
Financial sectors
29 Total net borrowing by
financial sectors 1,073.3 (r) 809.0 (r) 915.8 (r)
By instrument
30 Federal government-
related 592.0 433.5 432.6
31 Government-sponsored
enterprise securities 318.2 234.1 262.3
32 Mortgage pool
securities 273.8 199.4 170.3
33 Loans from U.S.
government .0 .0 .0
34 Private 481.3 (r) 375.5 (r) 483.3 (r)
35 Open market paper 176.2 127.7 -83.8
36 Corporate bonds 207.1 (r) 199.3 (r) 459.7 (r)
37 Bank loans n.e.c. -14.2 -.2 24.3
38 Other loans and
advances 107.1 42.5 90.6
39 Mortgages 5.1 6.2 -7.5
By borrowing sector
40 Commercial banking 67.2 60.0 138.1
41 Savings institutions 48.0 27.3 55.5
42 Credit unions 2.2 .0 -.6
43 Life insurance companies .7 -.7 -2.4
44 Government-sponsored
enterprises 318.2 234.1 262.3
45 Federally related
mortgage pools 273.8 199.4 170.3
46 Issuers of asset-backed
securities (ABSs) 212.3 (r) 189.7 (r) 320.5 (r)
47 Finance companies 70.3 81.2 -54.0
48 Mortgage companies .2 .1 .7
49 Real estate investment
trusts (REITs) 6.3 2.7 -6.1
50 Brokers and dealers -17.2 15.6 -23.7
51 Funding corporations 91.5 -.4 55.3
All sectors
52 Total net borrowing, all
sectors 2,155.9 (r) 1,728.6 (r) 1,856.5 (r)
53 Open market paper 229.9 207.6 -316.8
54 U.S. government
securities 520.7 137.6 373.3
55 Municipal securities 68.2 35.3 102.9
56 Corporate and foreign
bonds 451.2 (r) 394.3 (r) 880.6 (r)
57 Bank loans n.e.c. 69.0 112.8 19.2
58 Other loans and advances 147.4 (r) 136.2 (r) 112.7 (r)
59 Mortgages 570.0 565.9 (r) 540.2 (r)
60 Consumer credit 99.5 139.0 144.5
Funds raised through mutual
funds and corporate equities
61 Total net issues 158.1 (r) 194.6 (r) 230.8 (r)
62 Corporate equities -33.1 (r) -40.4 (r) 114.8 (r)
63 Nonfinancial corpo-
rations -143.5 -159.7 -25.0
64 Foreign shares
purchased by U.S.
residents 114.3 103.6 86.1
65 Financial corporations -4.0 (r) 15.7 (r) 53.7 (r)
66 Mutual fund shares 191.2 235.0 116.0
2001
Transaction category
or sector Q2 Q3 Q4
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 1,032.4 (r) 1,276.8 (r) 1,213.7 (r)
By sector and instrument
2 Federal government -215.8 209.3 43.4
3 Treasury securities -216.9 209.7 44.2
4 Budget agency securi-
ties and mortgages 1.1 -.4 -.7
5 Nonfederal 1,248.2 (r) 1,067.4 (r) 1,170.2 (r)
By instrument
6 Commercial paper -133.4 -66.1 45.5
7 Municipal securities
and loans 107.3 70.0 190.1
8 Corporate bonds 419.5 187.9 323.5
9 Bank loans n.e.c. -121.0 -24.4 -164.5
10 Other loans and
advances 132.3 (r) 59.4 (r) -107.3 (r)
11 Mortgages 767.5 (r) 770.0 (r) 732.9 (r)
12 Home 607.8 (r) 559.3 (r) 530.6 (r)
13 Multifamily
residential 40.8 56.5 56.5
14 Commercial 107.0 147.1 139.0
15 Farm 11.9 7.0 6.8 (r)
16 Consumer credit 76.0 70.6 149.9
By borrowing sector
17 Household 650.6 (r) 661.3 (r) 623.3 (r)
18 Nonfinancial business 495.1 (r) 349.6 (r) 389.2 (r)
19 Corporate 313.5 (r) 191.3 (r) 239.8 (r)
20 Nonfarm noncorporate 170.1 153.8 141.1
21 Farm 11.5 4.4 8.3
22 State and local
government 102.5 56.6 157.7
23 Foreign net borrowing in
United States -50.5 -106.7 16.0
24 Commercial paper -3.8 -25.2 5.9
25 Bonds -15.8 -83.9 29.7
26 Bank loans n.e.c. -31.4 4.2 -16.3
27 Other loans and
advances .5 -1.8 -3.3
28 Total domestic plus
foreign 981.9 (r) 1,170.1 (r) 1,229.6 (r)
Financial sectors
29 Total net borrowing by
financial sectors 828.2 (r) 1,118.6 (r) 979.1 (r)
By instrument
30 Federal government-
related 674.6 818.4 591.8
31 Government-sponsored
enterprise securities 268.3 326.2 306.5
32 Mortgage pool
securities 406.2 492.2 285.3
33 Loans from U.S.
government .0 .0 .0
34 Private 153.7 (r) 300.2 (r) 387.3 (r)
35 Open market paper -77.9 -72.2 -13.6
36 Corporate bonds 223.2 (r) 313.9 (r) 375.3 (r)
37 Bank loans n.e.c. 10.8 1.6 18.3
38 Other loans and
advances -18.7 58.8 8.9
39 Mortgages 16.2 -1.9 -1.6
By borrowing sector
40 Commercial banking -10.5 39.7 44.1
41 Savings institutions 3.4 39.4 -68.6
42 Credit unions .8 1.5 4.4
43 Life insurance companies .1 3.5 1.4
44 Government-sponsored
enterprises 268.3 326.2 306.5
45 Federally related
mortgage pools 406.2 492.2 285.3
46 Issuers of asset-backed
securities (ABSs) 205.9 (r) 318.9 (r) 432.6 (r)
47 Finance companies 36.8 41.8 -25.3
48 Mortgage companies .6 .8 .6
49 Real estate investment
trusts (REITs) 10.5 -2.4 7.8
50 Brokers and dealers 35.6 12.6 -18.9
51 Funding corporations -129.6 -155.7 9.1
All sectors
52 Total net borrowing, all
sectors 1,810.1 (r) 2,288.7 (r) 2,208.7 (r)
53 Open market paper -215.1 -163.5 37.8
54 U.S. government
securities 458.8 1,027.8 635.2
55 Municipal securities 107.3 70.0 190.1
56 Corporate and foreign
bonds 626.9 (r) 417.9 (r) 728.4 (r)
57 Bank loans n.e.c. -141.6 -18.6 -162.4
58 Other loans and advances 114.2 (r) 116.5 (r) -101.8 (r)
59 Mortgages 783.7 (r) 768.0 (r) 731.3 (r)
60 Consumer credit 76.0 70.6 149.9
Funds raised through mutual
funds and corporate equities
61 Total net issues 407.2 (r) 133.4 (r) 375.5 (r)
62 Corporate equities 133.6 (r) -27.0 (r) 119.6 (r)
63 Nonfinancial corpo-
rations -70.7 -126.6 -25.0
64 Foreign shares
purchased by U.S.
residents 222.9 43.5 74.7
65 Financial corporations -18.5 (r) 56.1 (r) 69.9 (r)
66 Mutual fund shares 273.5 160.4 255.9
2002
Transaction category
or sector Q1 Q2 (r) Q3
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 927.3 (r) 1,613.7 1,329.4
By sector and instrument
2 Federal government 39.8 526.0 265.7
3 Treasury securities 41.6 524.2 264.2
4 Budget agency securi-
ties and mortgages -1.8 1.8 1.6
5 Nonfederal 887.5 (r) 1,087.7 1,063.7
By instrument
6 Commercial paper -155.7 -93.0 -28.7
7 Municipal securities
and loans 70.3 181.2 152.8
8 Corporate bonds 233.8 207.0 -23.4
9 Bank loans n.e.c. -18.8 -192.8 -125.1
10 Other loans and
advances -20.6 (r) 77.2 84.0
11 Mortgages 696.8 (r) 831.8 944.0
12 Home 601.1 (r) 657.4 786.2
13 Multifamily
residential 29.2 44.3 35.8
14 Commercial 59.6 121.0 109.5
15 Farm 6.9 (r) 9.1 12.4
16 Consumer credit 81.7 (r) 76.4 60.1
By borrowing sector
17 Household 702.6 (r) 679.8 770.7
18 Nonfinancial business 122.6 (r) 239.5 153.2
19 Corporate 7.1 (r) 98.3 10.7
20 Nonfarm noncorporate 110.3 132.7 128.9
21 Farm 5.3 (r) 8.5 13.5
22 State and local
government 62.3 168.4 139.9
23 Foreign net borrowing in
United States 75.3 15.0 -36.8
24 Commercial paper 64.8 36.3 3.8
25 Bonds -2.3 -41.0 -27.6
26 Bank loans n.e.c. 13.9 22.0 -11.7
27 Other loans and
advances -1.2 -2.3 -1.3
28 Total domestic plus
foreign 1,002.6 (r) 1,628.8 1,292.6
Financial sectors
29 Total net borrowing by
financial sectors 860.8 (r) 866.3 855.9
By instrument
30 Federal government-
related 691.1 (r) 487.9 425.6
31 Government-sponsored
enterprise securities 191.3 141.7 253.2
32 Mortgage pool
securities 499.8 (r) 346.2 172.4
33 Loans from U.S.
government .0 .0 .0
34 Private 169.7 (r) 378.4 430.3
35 Open market paper -178.3 -109.1 84.3
36 Corporate bonds 345.1 (r) 431.9 194.7
37 Bank loans n.e.c. .2 31.9 82.2
38 Other loans and
advances -3.9 16.7 71.9
39 Mortgages 6.6 7.0 -2.7
By borrowing sector
40 Commercial banking 24.3 13.3 111.3
41 Savings institutions -33.1 -12.1 -10.2
42 Credit unions 2.4 2.0 1.0
43 Life insurance companies 2.4 1.2 .7
44 Government-sponsored
enterprises 191.3 141.7 253.2
45 Federally related
mortgage pools 499.8 (r) 346.2 172.4
46 Issuers of asset-backed
securities (ABSs) 254.5 (r) 237.7 203.0
47 Finance companies -31.2 80.2 106.4
48 Mortgage companies .8 .7 .7
49 Real estate investment
trusts (REITs) 7.4 25.3 18.4
50 Brokers and dealers -15.7 17.5 15.0
51 Funding corporations -42.2 12.4 -16.2
All sectors
52 Total net borrowing, all
sectors 1,863.4 2,495.1 2,148.5
53 Open market paper -269.2 -165.8 59.4
54 U.S. government
securities 730.9 1,013.9 691.4
55 Municipal securities 70.3 181.2 152.8
56 Corporate and foreign
bonds 576.6 597.9 143.7
57 Bank loans n.e.c. -4.6 -139.0 -54.7
58 Other loans and advances -25.7 91.5 154.6
59 Mortgages 703.4 838.8 941.2
60 Consumer credit 81.7 76.4 60.1
Funds raised through mutual
funds and corporate equities
61 Total net issues 438.3 284.0 -90.2
62 Corporate equities 51.4 183.9 -133.1
63 Nonfinancial corpo-
rations -8.7 18.5 -139.0
64 Foreign shares
purchased by U.S.
residents -5.9 80.9 -68.2
65 Financial corporations 65.9 84.5 74.1
66 Mutual fund shares 386.9 100.0 42.9
(1.) Data in this table also appear in the Board's Z.1 (780) quarterly
statistical release, tables F.2 through F4. For ordering address, see
inside front cover.
1.58 SUMMARY OF FINANCIAL TRANSACTIONS (1)
Billions of dollars except as noted; quarterly data at seasonally
adjusted annual rates
Transaction category
or sector 1996 1997 1998
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 1,371.7 1,538.5 2,172.8
2 Domestic nonfederal non-
financial sectors 108.2 (r) 29.8 (r) 255.2 (r)
3 Household 148.1 (r) 39.8 (r) 123.4 (r)
4 Nonfinancial corporate
business -10.2 -12.7 -16.0
5 Nonfarm noncorporate
business 4.0 2.6 13.3
6 State and local
governments -33.7 .1 134.5
7 Federal government -7.2 5.1 13.5
8 Rest of the world 379.6 259.6 172.5
9 Financial sectors 891.2 (r) 1,244.0 (r) 1,731.6 (r)
10 Monetary authority 12.3 38.3 21.1
11 Commercial banking 187.5 324.3 305.6
12 U.S.-chartered banks 119.6 274.9 312.1
13 Foreign banking
offices in United
States 63.3 40.2 -11.6
14 Bank holding
companies 3.9 5.4 -.9
15 Banks in U.S.-affi-
liated areas .7 3.7 6.0
16 Savings institutions 19.9 -4.7 36.2
17 Credit unions 25.5 16.8 18.9
18 Bank personal trusts
and estates -7.7 -25.0 -12.8
19 Life insurance
companies 69.6 104.8 76.9
20 Other insurance
companies 22.5 25.2 5.8
21 Private pension funds -4.1 47.6 -23.4
22 State and local
government retirement
funds 35.8 67.1 72.1
23 Money market mutual
funds 88.8 87.5 244.0
24 Mutual funds 48.9 80.9 127.3
25 Closed-end funds 5.2 (r) -2.8 (r) 5.2 (r)
26 Government-sponsored
enterprises 97.1 106.3 314.0
27 Federally related
mortgage pools 141.0 114.6 192.6
28 Asset-backed securities
issuers (ABSs) 120.5 163.8 281.7
29 Finance companies 18.9 23.1 77.3
30 Mortgage companies 8.2 -9.1 3.2
31 Real estate investment
trusts (REITs) 4.4 20.2 -5.1
32 Brokers and dealers -15.7 14.9 6.8
33 Funding corporations 12.6 50.4 -15.8
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit
markets 1,371.7 1,538.5 2,172.8
Other financial sources
35 Official foreign exchange -6.3 .7 6.6
36 Special drawing rights
certificates -.5 -.5 .0
37 Treasury currency .5 .5 .6
38 Foreign deposits 85.9 107.7 6.5
39 Net interbank
transactions -51.6 -19.7 -31.8
40 Checkable deposits and
currency 15.7 41.2 47.3
41 Small time and savings
deposits 97.2 97.1 152.4
42 Large time deposits 114.0 122.5 91.8
43 Money market fund shares 145.4 155.9 287.2
44 Security repurchase
agreements 41.4 120.9 91.3
45 Corporate equities -4.2 (r) -83.3 (r) -165.1 (r)
46 Mutual fund shares 237.6 265.1 279.5
47 Trade payables 123.3 139.8 106.4
48 Security credit 52.4 111.0 103.2
49 Life insurance reserves 44.5 59.3 48.0
50 Pension fund reserves 148.3 201.4 217.4
51 Taxes payable 19.5 22.3 19.6
52 Investment in bank
personal trusts -5.1 (r) -53.0 (r) -46.1 (r)
53 Noncorporate proprietors'
equity 5.5 -40.7 -57.8
54 Miscellaneous 522.4 493.8 956.9
55 Total financial sources 2,957.8 (r) 3,280.5 (r) 4,286.6 (r)
Liabilities not identi-
fied as assets (-)
56 Treasury currency -.4 -.2 -.1
57 Foreign deposits 59.4 106.2 -8.5
58 Net interbank liabilities -3.3 -19.9 3.8
59 Security repurchase
agreements 2.4 63.2 57.7
60 Taxes payable 23.1 28.0 19.7
61 Miscellaneous -177.4 -248.3 -158.9
Floats not included in
assets (-)
62 Federal government
checkable deposits .5 -2.7 2.6
63 Other checkable deposits -4.0 -3.9 -3.1
64 Trade credit -25.7 -25.5 -43.3
65 Total identified to
sectors as assets 3,083.5 (r) 3,383.6 (r) 4,416.7 (r)
2001
Transaction category
or sector 1999 2000 Q1
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 2,155.9 (r) 1,728.6 (r) 1,856.5 (r)
2 Domestic nonfederal non-
financial sectors 253.1 (r) -100.1 (r) -115.9 (r)
3 Household 243.4 (r) -103.1 (r) -135.5 (r)
4 Nonfinancial corporate
business -15.6 5.0 -22.5
5 Nonfarm noncorporate
business -3.0 -1.2 3.2
6 State and local
governments 28.4 -.8 38.9
7 Federal government 5.8 7.3 4.4
8 Rest of the world 139.7 225.9 325.7
9 Financial sectors 1,757.3 (r) 1,595.4 (r) 1,642.3 (r)
10 Monetary authority 25.7 33.7 39.0
11 Commercial banking 312.2 357.9 130.4
12 U.S.-chartered banks 318.6 339.5 92.3
13 Foreign banking
offices in United
States -17.0 23.9 34.5
14 Bank holding
companies 6.2 -12.2 7.3
15 Banks in U.S.-affi-
liated areas 4.4 6.7 -3.6
16 Savings institutions 67.7 56.2 46.8
17 Credit unions 27.5 28.0 34.9
18 Bank personal trusts
and estates 27.8 .8 (r) 4.0 (r)
19 Life insurance
companies 53.5 57.9 111.8
20 Other insurance
companies -3.0 -8.7 2.1
21 Private pension funds 17.0 33.4 20.7
22 State and local
government retirement
funds 46.9 54.6 -70.7
23 Money market mutual
funds 182.0 143.0 326.4
24 Mutual funds 48.4 21.0 93.0
25 Closed-end funds 8.2 (r) -6.3 (r) -6.9 (r)
26 Government-sponsored
enterprises 291.3 256.4 329.2
27 Federally related
mortgage pools 273.8 199.4 170.3
28 Asset-backed securities
issuers (ABSs) 194.1 (r) 159.9 (r) 292.5 (r)
29 Finance companies 97.0 108.0 8.9
30 Mortgage companies .3 .2 1.4
31 Real estate investment
trusts (REITs) -2.6 -6.3 4.0
32 Brokers and dealers -34.7 68.9 242.3 (r)
33 Funding corporations 124.0 37.4 (r) -137.9 (r)
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit
markets 2,155.9 (r) 1,728.6 (r) 1,856.5 (r)
Other financial sources
35 Official foreign exchange -8.7 -.4 -1.5
36 Special drawing rights
certificates -3.0 -4.0 .0
37 Treasury currency 1.0 2.4 -1.1
38 Foreign deposits 61.0 135.1 228.3
39 Net interbank
transactions 15.0 15.1 -141.8
40 Checkable deposits and
currency 151.2 -71.4 164.1
41 Small time and savings
deposits 45.1 188.8 266.9
42 Large time deposits 131.1 116.2 133.9
43 Money market fund shares 249.1 233.3 578.4
44 Security repurchase
agreements 169.8 113.2 -94.3
45 Corporate equities -33.1 (r) -40.4 (r) 114.8 (r)
46 Mutual fund shares 191.2 235.0 116.0
47 Trade payables 268.6 170.2 186.4
48 Security credit 104.4 146.1 -91.1
49 Life insurance reserves 50.8 50.2 62.3
50 Pension fund reserves 181.8 209.0 295.9
51 Taxes payable 23.2 21.7 4.3
52 Investment in bank
personal trusts -8.1 (r) 56.6 (r) 27.1 (r)
53 Noncorporate proprietors'
equity -38.7 -10.2 -19.7
54 Miscellaneous 1,053.8 (r) 1,164.9 (r) 748.6 (r)
55 Total financial sources 4,761.4 (r) 4,460.0 (r) 4,434.1 (r)
Liabilities not identi-
fied as assets (-)
56 Treasury currency -.7 -1.2 -3.6
57 Foreign deposits 42.6 55.9 182.1
58 Net interbank liabilities .1 20.4 21.8
59 Security repurchase
agreements 35.7 118.6 -277.2
60 Taxes payable 11.7 26.2 24.9
61 Miscellaneous -290.4 (r) -398.0 (r) -253.8 (r)
Floats not included in
assets (-)
62 Federal government
checkable deposits -7.4 9.0 64.9
63 Other checkable deposits -.8 1.7 3.6
64 Trade credit 2.8 26.1 48.1
65 Total identified to
sectors as assets 4,967.7 (r) 4,601.5 (r) 4,623.2 (r)
2001
Transaction category
or sector Q2 Q3 Q4
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 1,810.1 (r) 2,288.7 (r) 2,208.7 (r)
2 Domestic nonfederal non-
financial sectors -165.2 (r) 1.1 (r) 16.4 (r)
3 Household -174.4 (r) -5.6 (r) -33.8 (r)
4 Nonfinancial corporate
business -24.6 -34.1 5.8
5 Nonfarm noncorporate
business .3 3.3 2.0
6 State and local
governments 33.5 37.4 42.4
7 Federal government 9.4 3.3 7.0
8 Rest of the world 254.9 269.2 432.5
9 Financial sectors 1,711.1 (r) 2,015.1 (r) 1,752.8 (r)
10 Monetary authority 26.9 8.4 85.1
11 Commercial banking 107.8 267.9 314.6
12 U.S.-chartered banks 156.5 242.5 275.0
13 Foreign banking
offices in United
States -50.1 21.1 -7.8
14 Bank holding
companies -2.8 -1.4 13.6
15 Banks in U.S.-affi-
liated areas 4.2 5.7 33.9
16 Savings institutions 55.8 -4.7 73.1
17 Credit unions 9.6 61.1 60.5
18 Bank personal trusts
and estates 5.5 (r) 4.9 (r) 8.9 (r)
19 Life insurance
companies 143.6 186.9 81.3
20 Other insurance
companies .1 5.1 28.5
21 Private pension funds 44.7 10.4 5.3
22 State and local
government retirement
funds 77.0 -74.2 -2.7
23 Money market mutual
funds 210.0 339.3 (r) 108.4 (r)
24 Mutual funds 169.1 102.7 139.3
25 Closed-end funds -4.9 (r) 24.4 (r) 14.8 (r)
26 Government-sponsored
enterprises 297.2 274.3 335.3
27 Federally related
mortgage pools 406.2 492.2 285.3
28 Asset-backed securities
issuers (ABSs) 177.6 (r) 293.4 (r) 409.9 (r)
29 Finance companies 112.1 -43.1 -100.5
30 Mortgage companies 1.1 1.7 1.2
31 Real estate investment
trusts (REITs) 1.1 7.8 14.0
32 Brokers and dealers 53.4 (r) 184.5 (r) -110.5 (r)
33 Funding corporations -182.9 (r) -128.0 (r) 1.0 (r)
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit
markets 1,810.1 (r) 2,288.7 (r) 2,208.7 (r)
Other financial sources
35 Official foreign exchange 4.7 13.7 .2
36 Special drawing rights
certificates .0 .0 .0
37 Treasury currency 1.1 .0 .0
38 Foreign deposits -175.9 41.5 17.9
39 Net interbank
transactions -25.4 -1.1 41.5
40 Checkable deposits and
currency 155.2 212.1 278.9
41 Small time and savings
deposits 242.1 230.3 329.7
42 Large time deposits 43.0 19.5 77.8
43 Money market fund shares 370.0 386.1 (r) 379.8 (r)
44 Security repurchase
agreements 114.0 215.6 (r) -139.1 (r)
45 Corporate equities 133.6 (r) -27.0 (r) 119.6 (r)
46 Mutual fund shares 273.5 160.4 255.9
47 Trade payables -119.6 -47.3 -96.5
48 Security credit -73.9 561.3 (r) -383.7 (r)
49 Life insurance reserves 52.2 74.7 119.6
50 Pension fund reserves 209.1 180.3 150.8
51 Taxes payable 14.8 104.9 -67.0
52 Investment in bank
personal trusts 31.9 (r) 31.7 (r) 35.2 (r)
53 Noncorporate proprietors'
equity -26.4 -44.6 (r) -1.8 (r)
54 Miscellaneous 867.3 (r) 857.0 (r) 190.9 (r)
55 Total financial sources 3,901.5 (r) 5,258.0 (r) 3,518.4 (r)
Liabilities not identi-
fied as assets (-)
56 Treasury currency -.5 -1.4 .0
57 Foreign deposits -166.8 54.5 -28.7 (r)
58 Net interbank liabilities 17.0 7.4 22.6
59 Security repurchase
agreements 124.6 110.4 (r) -166.8 (r)
60 Taxes payable 3.1 25.4 22.8 (r)
61 Miscellaneous -538.9 (r) 84.5 (r) -197.6 (r)
Floats not included in
assets (-)
62 Federal government
checkable deposits 64.7 -23.0 -91.1
63 Other checkable deposits 3.9 5.0 5.7
64 Trade credit 28.6 -49.3 (r) 37.8 (r)
65 Total identified to
sectors as assets 4,365.7 (r) 5,044.4 (r) 3,913.8 (r)
2002
Transaction category
or sector Q1 Q2 (r) Q3
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 1,863.4 (r) 2,495.1 2,148.5
2 Domestic nonfederal non-
financial sectors 167.8 (r) 257.4 -233.8
3 Household 115.9 (r) 207.0 -250.3
4 Nonfinancial corporate
business 49.7 (r) 4.5 .8
5 Nonfarm noncorporate
business 3.3 3.3 -2.2
6 State and local
governments -1.1 42.5 17.8
7 Federal government 4.7 8.9 7.3
8 Rest of the world 171.8 566.1 561.7
9 Financial sectors 1,519.1 (r) 1,662.7 1,813.3
10 Monetary authority 81.6 43.4 67.3
11 Commercial banking 188.9 384.3 623.5
12 U.S.-chartered banks 168.2 343.8 599.6
13 Foreign banking
offices in United
States 2.1 33.7 21.5
14 Bank holding
companies 12.0 1.9 -1.6
15 Banks in U.S.-affi-
liated areas 6.6 4.9 4.0
16 Savings institutions 12.3 -23.5 80.7
17 Credit unions 58.3 (r) 41.1 39.9
18 Bank personal trusts
and estates 11.3 (r) 11.4 4.9
19 Life insurance
companies 260.6 175.1 229.1
20 Other insurance
companies 36.7 35.4 35.3
21 Private pension funds 27.4 45.9 35.5
22 State and local
government retirement
funds 70.5 -54.5 -33.0
23 Money market mutual
funds -296.8 -122.3 -42.1
24 Mutual funds 243.3 (r) 42.0 164.8
25 Closed-end funds 20.9 (r) 2.2 11.6
26 Government-sponsored
enterprises 236.7 129.0 174.8
27 Federally related
mortgage pools 499.8 (r) 346.2 172.4
28 Asset-backed securities
issuers (ABSs) 230.3 (r) 215.5 180.4
29 Finance companies -28.2 (r) 39.6 79.1
30 Mortgage companies 1.6 1.4 1.5
31 Real estate investment
trusts (REITs) 26.3 31.8 25.0
32 Brokers and dealers -219.5 403.0 -191.4
33 Funding corporations 56.8 (r) -84.3 139.1
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit
markets 1,863.4 (r) 2,495.1 2,148.5
Other financial sources
35 Official foreign exchange -3.0 12.9 5.6
36 Special drawing rights
certificates .0 .0 .0
37 Treasury currency .0 .0 .0
38 Foreign deposits -59.1 89.3 40.0
39 Net interbank
transactions -1.2 -149.3 48.7
40 Checkable deposits and
currency 3.2 285.9 284.6
41 Small time and savings
deposits 259.7 249.0 325.6
42 Large time deposits 270.0 34.9 28.1
43 Money market fund shares -315.7 103.4 -192.6
44 Security repurchase
agreements -55.8 (r) 252.8 -135.9
45 Corporate equities 51.4 (r) 183.9 -133.1
46 Mutual fund shares 386.9 (r) 100.0 42.9
47 Trade payables 217.9 67.0 148.1
48 Security credit -190.7 (r) -129.4 -118.2
49 Life insurance reserves 93.9 92.2 117.4
50 Pension fund reserves 134.1 (r) 145.5 263.4
51 Taxes payable 20.4 62.4 -60.4
52 Investment in bank
personal trusts 26.5 (r) 26.8 20.7
53 Noncorporate proprietors'
equity -13.2 (r) -51.8 -75.9
54 Miscellaneous 132.6 (r) 523.3 752.1
55 Total financial sources 2,821.3 (r) 4,394.0 3,509.7
Liabilities not identi-
fied as assets (-)
56 Treasury currency -2.4 -.7 -1.3
57 Foreign deposits -36.6 130.9 9.7
58 Net interbank liabilities 39.4 -9.3 12.2
59 Security repurchase
agreements -17.3 (r) 115.9 -349.8
60 Taxes payable 31.1 -30.3 74.6
61 Miscellaneous -396.0 (r) -86.9 152.8
Floats not included in
assets (-)
62 Federal government
checkable deposits 190.3 185.7 28.0
63 Other checkable deposits 6.1 7.1 7.6
64 Trade credit 3.1 (r) -72.7 -1.6
65 Total identified to
sectors as assets 3,003.6 (r) 4,154.3 3,577.6
(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 1997 1998 1999
Nonfinancial sectors
1 Total credit market
debt owed by
domestic nonfinan-
cial sectors 15,243.1 16,285.5 17,377.6 (r)
By sector and
instrument
2 Federal government 3,804.8 3,752.2 3,681.0
3 Treasury securities 3,778.3 3,723.7 3,652.7
4 Budget agency
securities
and mortgages 26.5 28.5 28.3
5 Nonfederal 11,438.3 12,533.3 13,696.7 (r)
By instrument
6 Commercial paper 168.6 193.0 230.3
7 Municipal securities
and loans 1,367.5 1,464.3 1,532.5
8 Corporate bonds 1,610.9 1,829.6 2,059.5
9 Bank loans n.e.c. 1,040.4 1,148.6 1,231.4
10 Other loans and
advances 825.1 907.2 953.5 (r)
11 Mortgages 5,154.3 5,644.1 6,243.4
12 Home 3,978.3 4,366.0 4,790.6
13 Multifamily
residential 284.6 308.0 343.9
14 Commercial 801.4 873.6 1,006.5
15 Farm 90.0 96.6 102.3
16 Consumer credit 1,271.6 1,346.6 1,446.1
By borrowing sector
17 Households 5,556.9 6,011.8 6,510.0
18 Nonfinancial
business 4,761.9 5,321.7 5,934.5 (r)
19 Corporate 3,382.0 3,774.1 4,199.0 (r)
20 Nonfarm
noncorporate 1,224.0 1,383.7 1,566.1
21 Farm 155.9 163.9 169.4
22 State and local
government 1,119.5 1,199.8 1,252.1
23 Foreign credit market
debt held in United
States 607.9 651.3 676.7
24 Commercial paper 65.1 72.9 89.2
25 Bonds 427.7 462.6 476.7
26 Bank loans n.e.c. 52.1 58.7 59.2
27 Other loans and
advances 63.0 57.1 51.6
28 Total credit market
debt owed by nonfi-
nancial sectors,
domestic and foreign 15,851.0 16,936.8 18,054.3 (r)
Financial sectors
29 Total credit market
debt owed by
financial sectors 5,458.0 6,545.2 7,618.5 (r)
By instrument
30 Federal government-
related 2,821.1 3,292.0 3,884.0
31 Government-sponsored
enterprise
securities 995.3 1,273.6 1,591.7
32 Mortgage pool
securities 1,825.8 2,018.4 2,292.2
33 Loans from U.S.
government .0 .0 .0
34 Private 2,636.9 3,253.2 3,734.6 (r)
35 Open market paper 745.7 906.7 1,082.9
36 Corporate bonds 1,568.6 1,878.7 2,085.9 (r)
37 Bank loans n.e.c. 77.3 107.5 93.2
38 Other loans and
advances 198.5 288.7 395.8
39 Mortgages 46.8 71.6 76.7
By borrowing sector
40 Commercial banks 140.6 188.6 230.0
41 Bank holding companies 168.6 193.5 219.3
42 Savings institutions 160.3 212.4 260.4
43 Credit unions .6 1.1 3.4
44 Life insurance
companies 1.8 2.5 3.2
45 Government-sponsored
enterprises 995.3 1,273.6 1,591.7
46 Federally related
mortgage pools 1,825.8 2,018.4 2,292.2
47 Issuers of
asset-backed
securities (ABSs) 1,076.6 1,398.0 1,610.3 (r)
48 Brokers and dealers 35.3 42.5 25.3
49 Finance companies 568.3 625.5 695.7
50 Mortgage companies 16.0 17.7 17.8
51 Real estate investment
trusts (REITs) 96.1 158.8 165.1
52 Funding corporations 372.6 412.6 504.0
All sectors
53 Total credit market
debt, domestic and
foreign 21,309.1 23,482.0 25,672.8 (r)
54 Open market paper 979.4 1,172.6 1,402.4
55 U.S. government
securities 6,625.9 7,044.2 7,564.9
56 Municipal securities 1,367.5 1,464.3 1,532.5
57 Corporate and foreign
bonds 3,607.2 4,170.9 4,622.0 (r)
58 Bank loans n.e.c. 1,169.8 1,314.8 1,383.8
59 Other loans and
advances 1,086.5 1,253.0 1,400.9 (r)
60 Mortgages 5,201.1 5,715.7 6,320.1
61 Consumer credit 1,271.6 1,346.6 1,446.1
2001
Transaction
category or sector 2000 Q1 Q2
Nonfinancial sectors
1 Total credit market
debt owed by
domestic nonfinan-
cial sectors 18,250.6 (r) 18,498.8 (r) 18,673.4 (r)
By sector and
instrument
2 Federal government 3,385.1 3,408.8 3,251.4
3 Treasury securities 3,357.8 3,382.0 3,224.3
4 Budget agency
securities
and mortgages 27.3 26.8 27.0
5 Nonfederal 14,865.5 (r) 15,090.1 (r) 15,422.0 (r)
By instrument
6 Commercial paper 278.4 253.2 223.3
7 Municipal securities
and loans 1,567.8 1,597.5 1,629.8
8 Corporate bonds 2,230.6 2,330.4 2,435.3
9 Bank loans n.e.c. 1,333.1 1,320.7 1,293.6
10 Other loans and
advances 1,059.6 (r) 1,073.6 (r) 1,103.6 (r)
11 Mortgages 6,803.0 (r) 6,929.3 (r) 7,128.2 (r)
12 Home 5,204.3 (r) 5,299.4 (r) 5,458.4 (r)
13 Multifamily
residential 379.2 388.6 398.8
14 Commercial 1,110.7 1,131.3 1,158.0
15 Farm 108.9 110.0 113.0
16 Consumer credit 1,593.1 1,585.3 1,608.1
By borrowing sector
17 Households 7,070.4 (r) 7,139.3 (r) 7,315.1 (r)
18 Nonfinancial
business 6,515.9 (r) 6,643.3 (r) 6,769.0 (r)
19 Corporate 4,598.9 (r) 4,686.1 (r) 4,736.7 (r)
20 Nonfarm
noncorporate 1,736.8 1,777.5 1,820.1
21 Farm 180.2 179.7 185.2
22 State and local
government 1,279.3 1,307.5 1,337.8
23 Foreign credit market
debt held in United
States 742.3 740.4 726.1
24 Commercial paper 120.9 112.8 110.1
25 Bonds 500.6 505.9 502.0
26 Bank loans n.e.c. 70.5 74.1 66.2
27 Other loans and
advances 50.3 47.5 47.7
28 Total credit market
debt owed by nonfi-
nancial sectors,
domestic and foreign 18,993.0 (r) 19,239.2 (r) 19,399.4 (r)
Financial sectors
29 Total credit market
debt owed by
financial sectors 8,439.5 (r) 8,647.8 (r) 8,851.0 (r)
By instrument
30 Federal government-
related 4,317.4 4,422.9 4,591.6
31 Government-sponsored
enterprise
securities 1,825.8 1,888.7 1,955.8
32 Mortgage pool
securities 2,491.6 2,534.2 2,635.7
33 Loans from U.S.
government .0 .0 .0
34 Private 4,122.0 (r) 4,224.8 (r) 4,259.4 (r)
35 Open market paper 1,210.7 1,180.8 1,144.5
36 Corporate bonds 2,297.2 (r) 2,414.8 (r) 2,478.7 (r)
37 Bank loans n.e.c. 93.0 97.3 100.4
38 Other loans and
advances 438.3 450.9 450.7
39 Mortgages 82.9 81.1 85.1
By borrowing sector
40 Commercial banks 266.7 273.8 274.7
41 Bank holding companies 242.5 266.5 269.0
42 Savings institutions 287.7 295.1 294.4
43 Credit unions 3.4 3.2 3.5
44 Life insurance
companies 2.5 1.9 1.9
45 Government-sponsored
enterprises 1,825.8 1,888.7 1,955.8
46 Federally related
mortgage pools 2,491.6 2,534.2 2,635.7
47 Issuers of
asset-backed
securities (ABSs) 1,812.0 (r) 1,884.5 (r) 1,937.3 (r)
48 Brokers and dealers 40.9 35.0 43.9
49 Finance companies 776.9 756.2 769.0
50 Mortgage companies 17.9 18.1 18.2
51 Real estate investment
trusts (REITs) 167.8 166.2 168.9
52 Funding corporations 203.7 524.3 478.6
All sectors
53 Total credit market
debt, domestic and
foreign 27,432.4 (r) 27,886.9 (r) 28,250.4 (r)
54 Open market paper 1,610.0 1,546.8 1,477.9
55 U.S. government
securities 7,702.5 7,831.7 7,842.9
56 Municipal securities 1,567.8 1,597.5 1,629.8
57 Corporate and foreign
bonds 5,028.3 (r) 5,251.1 (r) 5,416.0 (r)
58 Bank loans n.e.c. 1,496.6 1,492.1 1,460.2
59 Other loans and
advances 1,548.2 (r) 1,572.0 (r) 1,602.0 (r)
60 Mortgages 6,886.0 (r) 7,010.3 (r) 7,213.3 (r)
61 Consumer credit 1,593.1 1,585.3 1,608.1
2001
Transaction
category or sector Q3 Q4
Nonfinancial sectors
1 Total credit market
debt owed by
domestic nonfinan-
cial sectors 18,988.9 (r) 19,369.2 (r)
By sector and
instrument
2 Federal government 3,320.0 3,379.5
3 Treasury securities 3,293.0 3,352.7
4 Budget agency
securities
and mortgages 27.0 26.8
5 Nonfederal 15,669.0 (r) 15,989.7 (r)
By instrument
6 Commercial paper 201.3 190.1
7 Municipal securities
and loans 1,635.3 1,685.4
8 Corporate bonds 2,482.3 2,563.2
9 Bank loans n.e.c. 1,285.1 1,251.4
10 Other loans and
advances 1,110.1 (r) 1,088.8 (r)
11 Mortgages 7,324.4 (r) 7,507.6 (r)
12 Home 5,602.1 (r) 5,734.6 (r)
13 Multifamily
residential 412.9 427.0
14 Commercial 1,194.8 1,229.6
15 Farm 114.6 116.3
16 Consumer credit 1,630.5 1,703.3
By borrowing sector
17 Households 7,486.9 (r) 7,680.8 (r)
18 Nonfinancial
business 6,841.4 (r) 6,926.4 (r)
19 Corporate 4,798.1 (r) 4,845.1 (r)
20 Nonfarm
noncorporate 1,857.4 1,893.6
21 Farm 185.9 187.7
22 State and local
government 1,340.6 1,382.5
23 Foreign credit market
debt held in United
States 701.7 704.9
24 Commercial paper 106.3 106.7
25 Bonds 481.0 788.4
26 Bank loans n.e.c. 67.3 63.2
27 Other loans and
advances 47.0 46.6
28 Total credit market
debt owed by nonfi-
nancial sectors,
domestic and foreign 19,690.6 (r) 20,074.1 (r)
Financial sectors
29 Total credit market
debt owed by
financial sectors 9,121.3 (r) 9,397.2 (r)
By instrument
30 Federal government-
related 4,796.2 4,944.1
31 Government-sponsored
enterprise
securities 2,037.4 2,114.0
32 Mortgage pool
securities 2,758.8 2,830.1
33 Loans from U.S.
government .0 .0
34 Private 4,325.2 (r) 4,453.1 (r)
35 Open market paper 1,110.2 1,148.8
36 Corporate bonds 2,562.9 (r) 2,640.2 (r)
37 Bank loans n.e.c. 100.2 106.8
38 Other loans and
advances 467.2 473.2
39 Mortgages 84.6 84.2
By borrowing sector
40 Commercial banks 281.4 296.0
41 Bank holding companies 272.7 266.1
42 Savings institutions 305.6 295.1
43 Credit unions 3.8 4.9
44 Life insurance
companies 2.8 3.1
45 Government-sponsored
enterprises 2,037.4 2,114.0
46 Federally related
mortgage pools 2,758.8 2,830.1
47 Issuers of
asset-backed
securities (ABSs) 2,020.3 (r) 2,131.4 (r)
48 Brokers and dealers 47.1 42.3
49 Finance companies 771.2 776.7
50 Mortgage companies 18.5 18.6
51 Real estate investment
trusts (REITs) 168.3 170.2
52 Funding corporations 433.6 448.4
All sectors
53 Total credit market
debt, domestic and
foreign 28,811.9 (r) 29,471.4 (r)
54 Open market paper 1,417.8 1,445.6
55 U.S. government
securities 8,116.2 8,323.6
56 Municipal securities 1,635.3 1,685.4
57 Corporate and foreign
bonds 5,526.2 (r) 5,691.8 (r)
58 Bank loans n.e.c. 1,452.6 1,421.4
59 Other loans and
advances 1,624.4 (r) 1,608.6 (r)
60 Mortgages 7,409.0 (r) 7,591.8 (r)
61 Consumer credit 1,630.5 1,703.3
2002
Transaction
category or sector Q1 Q2 (r) Q3
Nonfinancial sectors
1 Total credit market
debt owed by
domestic nonfinan-
cial sectors 19,601.0 (r) 19,915.4 20,257.3
By sector and
instrument
2 Federal government 3,430.3 3,451.4 3,540.8
3 Treasury securities 3,404.0 3,424.6 3,513.6
4 Budget agency
securities
and mortgages 26.3 26.8 27.2
5 Nonfederal 16,170.7 (r) 16,464.1 16,716.4
By instrument
6 Commercial paper 167.5 148.4 142.2
7 Municipal securities
and loans 1,707.5 1,758.2 1,783.8
8 Corporate bonds 2,621.6 2,673.4 2,667.5
9 Bank loans n.e.c. 1,237.3 1,192.1 1,159.1
10 Other loans and
advances 1,089.2 (r) 1,105.6 1,118.2
11 Mortgages 7,670.4 (r) 7,886.0 8,125.1
12 Home 5,873.4 (r) 6,045.4 6,245.2
13 Multifamily
residential 434.3 445.4 454.4
14 Commercial 1,244.5 1,274.7 1,302.1
15 Farm 118.1 120.4 123.4
16 Consumer credit 1,677.2 (r) 1,700.3 1,720.6
By borrowing sector
17 Households 7,794.2 (r) 7,979.0 8,178.3
18 Nonfinancial
business 6,973.7 (r) 7,035.5 7,065.5
19 Corporate 4,865.2 (r) 4,889.0 4,885.2
20 Nonfarm
noncorporate 1,921.3 1,954.6 1,985.6
21 Farm 187.1 191.8 194.7
22 State and local
government 1,402.8 1,449.6 1,472.6
23 Foreign credit market
debt held in United
States 724.2 725.6 719.1
24 Commercial paper 123.6 130.2 134.0
25 Bonds 487.9 477.6 470.7
26 Bank loans n.e.c. 66.7 72.2 69.3
27 Other loans and
advances 46.0 45.5 45.0
28 Total credit market
debt owed by nonfi-
nancial sectors,
domestic and foreign 20,325.2 (r) 20,641.0 20,976.3
Financial sectors
29 Total credit market
debt owed by
financial sectors 9,591.4 (r) 9,803.4 10,007.3
By instrument
30 Federal government-
related 5,116.9 (r) 5,238.9 5,345.3
31 Government-sponsored
enterprise
securities 2,161.8 2,197.2 2,260.5
32 Mortgage pool
securities 2,955.1 (r) 3,041.6 3,084.8
33 Loans from U.S.
government .0 .0 .0
34 Private 4,474.5 (r) 4,564.5 4,662.0
35 Open market paper 1,090.9 1,046.9 1,049.5
36 Corporate bonds 2,730.3 (r) 2,845.8 2,901.2
37 Bank loans n.e.c. 105.1 113.5 133.2
38 Other loans and
advances 462.4 470.8 491.2
39 Mortgages 85.9 87.6 86.9
By borrowing sector
40 Commercial banks 295.8 310.4 331.6
41 Bank holding companies 269.0 264.2 271.4
42 Savings institutions 280.5 275.3 274.5
43 Credit unions 5.5 6.0 6.3
44 Life insurance
companies 3.7 4.0 4.2
45 Government-sponsored
enterprises 2,161.8 2,197.2 2,260.5
46 Federally related
mortgage pools 2,955.1 (r) 3,041.6 3,084.8
47 Issuers of
asset-backed
securities (ABSs) 2,187.3 (r) 2,248.2 2,302.3
48 Brokers and dealers 38.4 42.8 46.6
49 Finance companies 760.8 784.9 802.9
50 Mortgage companies 18.8 19.0 19.2
51 Real estate investment
trusts (REITs) 172.1 178.4 183.0
52 Funding corporations 442.6 431.3 420.1
All sectors
53 Total credit market
debt, domestic and
foreign 29,916.6 (r) 30,444.4 30,983.6
54 Open market paper 1,382.0 1,325.5 1,325.7
55 U.S. government
securities 8,547.2 (r) 8,690.2 8,886.1
56 Municipal securities 1,707.5 1,758.2 1,783.8
57 Corporate and foreign
bonds 5,839.7 (r) 5,996.7 6,039.4
58 Bank loans n.e.c. 1,409.1 1,377.8 1,361.6
59 Other loans and
advances 1,597.6 (r) 1,622.0 1,654.4
60 Mortgages 7,756.2 (r) 7,973.6 8,212.0
61 Consumer credit 1,677.2 (r) 1,700.3 1,720.6
(1.) Data in this table appear in the Board's Z.1 (780) quarterly
statistical release, tables L.2 through L.4. For ordering address,
see inside front cover.
1.60 SUMMARY OF FINANCIAL ASSETS AND LIABILITIES (1)
Billions of dollars except as noted, end of period
Transaction
category or sector 1997 1998 1999
CREDIT MARKET
DEBT OUTSTANDING (2)
1 Total credit market
assets 21,309.1 23,482.0 25,672.8 (r)
2 Domestic nonfederal
nonfinancial
sectors 3,110.2 (r) 3,357.4 (r) 3,671.5 (r)
3 Household 2,193.5 (r) 2,308.9 (r) 2,613.2 (r)
4 Nonfinancial corpo-
rate business 257.5 241.5 226.0
5 Nonfarm noncorporate
business 54.2 67.5 64.4
6 State and local
governments 605.0 739.4 767.8
7 Federal government 205.4 219.0 258.0
8 Rest of the world 2,097.7 2,278.2 2,354.6
9 Financial sectors 15,895.8 (r) 17,627.4 (r) 19,388.8 (r)
10 Monetary authority 431.4 452.5 478.1
11 Commercial banking 4,031.9 4,336.1 4,648.3
12 U.S.-chartered
banks 3,450.7 3,761.4 4,080.0
13 Foreign banking
offices in
United States 516.1 504.5 487.4
14 Bank holding
companies 27.4 26.5 32.7
15 Banks in U.S.-
affiliated areas 37.8 43.8 48.3
16 Savings institutions 928.5 964.7 1,032.4
17 Credit unions 305.3 324.2 351.7
18 Bank personal trusts
and estates 207.0 194.1 222.0
19 Life insurance
companies 1,751.1 1,828.0 1,886.0
20 Other insurance
companies 515.3 521.1 518.2
21 Private pension
funds 674.6 651.2 668.2
22 State and local
government
retirement funds 632.5 704.6 751.4
23 Money market mutual
funds 721.9 965.9 1,147.8
24 Mutual funds 901.1 1,028.4 1,076.8
25 Closed-end funds 93.3 (r) 98.5 (r) 106.8 (r)
26 Government-sponsored
enterprises 938.3 1,252.3 1,543.5
27 Federally related
mortgage pools 1,825.8 2,018.4 2,292.2
28 Asset-backed
securities (ABSs)
issuers 937.7 1,219.4 1,413.6 (r)
29 Finance companies 568.2 645.5 742.5
30 Mortgage companies 32.1 35.3 35.6
31 Real estate
investment trusts
(REITs) 50.6 45.5 42.9
32 Brokers and dealers 182.6 189.4 154.7
33 Funding corporations 166.7 152.3 276.0
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 21,309.1 23,482.0 25,672.8 (r)
Other liabilities
35 Official foreign
exchange 48.9 60.1 50.1
36 Special drawing rights
certificates 9.2 9.2 6.2
37 Treasury currency 19.3 19.9 20.9
38 Foreign deposits 618.5 642.3 703.6
39 Net interbank
liabilities 219.4 189.4 202.4
40 Checkable deposits and
currency 1,286.1 1,333.3 1,484.5
41 Small time and savings
deposits 2,474.2 (r) 2,626.5 2,671.6 (r)
42 Large time deposits 713.4 805.3 936.4
43 Money market fund
shares 1,042.5 1,329.7 1,578.8
44 Security repurchase
agreements 822.4 913.8 1,083.6
45 Mutual fund shares 2,989.4 3,613.1 4,538.5
46 Security credit 469.1 572.2 676.6
47 Life insurance
reserves 665.0 718.3 783.9
48 Pension fund reserves 7,323.4 8,208.4 9,065.3
49 Trade payables 1,967.4 2,073.8 2,342.4
50 Taxes payable 151.1 170.7 193.9
51 Investment in bank
personal trusts 942.5 1,001.0 1,130.4
52 Miscellaneous 6,733.1 (r) 7,633.7 (r) 8,500.3 (r)
53 Total liabilities 49,803.8 55,402.6 61,642.2 (r)
Financial assets
not included in
liabilities (+)
54 Gold and special
drawing rights 21.1 21.6 21.4
55 Corporate equities 13,301.7 15,577.3 19,581.2
56 Household equity
in noncorporate
business 4,052.7 4,285.7 4,544.3
Liabilities not
identified as
assets (-)
57 Treasury currency -6.3 -6.4 -7.1
58 Foreign deposits 535.0 542.8 585.7
59 Net interbank
transactions -32.2 -26.5 -28.5
60 Security repurchase
agreements 172.9 230.6 266.4
61 Taxes payable 104.2 121.2 121.9
62 Miscellaneous -1,376.7 (r) -1,956.2 (r) -2,436.0 (r)
Floats not included in
assets (-)
63 Federal government
checkable deposits -8.1 -3.9 -9.8
64 Other checkable
deposits 26.2 23.1 22.3
65 Trade credit 128.1 84.8 91.7
66 Totals identified to
sectors as assets 67,636.1 (r) 76,277.7 (r) 87,182.4 (r)
2001
Transaction
category or sector 2000 Q1 Q2
CREDIT MARKET
DEBT OUTSTANDING (2)
1 Total credit market
assets 27,432.4 (r) 27,886.9 (r) 28,250.4 (r)
2 Domestic nonfederal
nonfinancial
sectors 3,542.8 (r) 3,488.1 (r) 3,426.6 (r)
3 Household 2,481.5 (r) 2,440.5 (r) 2,370.4 (r)
4 Nonfinancial corpo-
rate business 231.0 206.2 203.0
5 Nonfarm noncorporate
business 63.2 64.0 64.1
6 State and local
governments 767.0 777.4 789.1
7 Federal government 265.3 266.4 268.7
8 Rest of the world 2,621.1 2,706.0 2,766.8
9 Financial sectors 21,003.3 (r) 21,426.4 (r) 21,788.2 (r)
10 Monetary authority 511.8 523.9 535.1
11 Commercial banking 5,006.3 5,013.8 5,041.5
12 U.S.-chartered
banks 4,419.5 4,420.8 4,463.5
13 Foreign banking
offices in
United States 511.3 516.6 501.3
14 Bank holding
companies 20.5 22.3 21.6
15 Banks in U.S.-
affiliated areas 55.0 54.1 55.1
16 Savings institutions 1,088.6 1,100.5 1,116.1
17 Credit unions 379.7 387.0 392.4
18 Bank personal trusts
and estates 222.8 (r) 223.8 (r) 225.2 (r)
19 Life insurance
companies 1,943.9 1,969.6 2,004.8
20 Other insurance
companies 509.4 510.0 510.0
21 Private pension
funds 701.6 706.8 718.0
22 State and local
government
retirement funds 806.0 788.3 807.6
23 Money market mutual
funds 1,290.9 1,404.2 1,414.3
24 Mutual funds 1,097.8 1,113.9 1,160.3
25 Closed-end funds 100.5 (r) 98.7 (r) 97.5 (r)
26 Government-sponsored
enterprises 1,807.1 1,877.7 1,956.1
27 Federally related
mortgage pools 2,491.6 2,534.2 2,635.7
28 Asset-backed
securities (ABSs)
issuers 1,585.4 (r) 1,650.9 (r) 1,696.6 (r)
29 Finance companies 850.5 848.0 878.5
30 Mortgage companies 35.9 36.2 36.5
31 Real estate
investment trusts
(REITs) 36.6 37.6 37.9
32 Brokers and dealers 223.6 317.7 288.4
33 Funding corporations 313.4 (r) 283.7 (r) 235.7 (r)
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 27,432.4 (r) 27,886.9 (r) 28,250.4 (r)
Other liabilities
35 Official foreign
exchange 46.1 42.8 43.4
36 Special drawing rights
certificates 2.2 2.2 2.2
37 Treasury currency 23.2 22.9 23.2
38 Foreign deposits 824.5 881.6 837.6
39 Net interbank
liabilities 221.2 156.7 158.7
40 Checkable deposits and
currency 1,413.1 1,404.9 1,448.4
41 Small time and savings
deposits 2,860.4 (r) 2,962.7 (r) 2,992.4 (r)
42 Large time deposits 1,052.6 1,077.0 1,087.3
43 Money market fund
shares 1,812.1 1,994.7 2,014.7
44 Security repurchase
agreements 1,196.8 1,187.4 1,206.6
45 Mutual fund shares 4,434.6 3,990.4 4,259.5
46 Security credit 822.7 799.3 781.5
47 Life insurance
reserves 819.1 823.0 840.3
48 Pension fund reserves 9,069.0 8,584.0 8,862.6
49 Trade payables 2,512.6 2,536.4 2,498.4
50 Taxes payable 215.6 223.3 222.5
51 Investment in bank
personal trusts 1,095.8 (r) 1,007.9 (r) 1,063.3 (r)
52 Miscellaneous 9,427.9 (r) 9,862.5 (r) 10,140.3 (r)
53 Total liabilities 65,281.9 (r) 65,446.6 (r) 66,733.3 (r)
Financial assets
not included in
liabilities (+)
54 Gold and special
drawing rights 21.6 21.4 21.5
55 Corporate equities 17,611.9 15,347.5 (r) 16,281.6 (r)
56 Household equity
in noncorporate
business 4,765.8 (r) 4,807.7 (r) 4,823.5 (r)
Liabilities not
identified as
assets (-)
57 Treasury currency -8.5 -9.4 -9.5
58 Foreign deposits 627.4 673.0 631.3
59 Net interbank
transactions -4.3 1.1 3.8
60 Security repurchase
agreements 385.0 341.4 376.2
61 Taxes payable 127.7 111.9 131.7
62 Miscellaneous -2,968.9 (r) -2,919.9 (r) -2,862.5 (r)
Floats not included in
assets (-)
63 Federal government
checkable deposits -2.3 -2.8 -4.8
64 Other checkable
deposits 24.0 21.1 25.5
65 Trade credit 117.7 84.6 63.8
66 Totals identified to
sectors as assets 89,383.3 (r) 87,322.3 (r) 89,504.4 (r)
2001
Transaction
category or sector Q3 Q4
CREDIT MARKET
DEBT OUTSTANDING (2)
1 Total credit market
assets 28,811.9 (r) 29,471.4 (r)
2 Domestic nonfederal
nonfinancial
sectors 3,409.2 (r) 3,463.3 (r)
3 Household 2,354.6 (r) 2,380.6 (r)
4 Nonfinancial corpo-
rate business 195.0 212.2
5 Nonfarm noncorporate
business 64.9 65.4
6 State and local
governments 794.6 805.1
7 Federal government 269.6 271.3
8 Rest of the world 2,837.5 2,954.4
9 Financial sectors 22,295.7 (r) 22,782.4 (r)
10 Monetary authority 534.1 551.7
11 Commercial banking 5,100.6 5,210.5
12 U.S.-chartered
banks 4,513.5 4,610.1
13 Foreign banking
offices in
United States 509.3 510.7
14 Bank holding
companies 21.3 24.7
15 Banks in U.S.-
affiliated areas 56.5 65.0
16 Savings institutions 1,118.1 1,131.4
17 Credit unions 408.4 421.2
18 Bank personal trusts
and estates 226.4 (r) 228.6 (r)
19 Life insurance
companies 2,054.8 2,074.8
20 Other insurance
companies 511.3 518.4
21 Private pension
funds 720.6 721.9
22 State and local
government
retirement funds 789.0 788.4
23 Money market mutual
funds 1,494.9 (r) 1,536.9
24 Mutual funds 1,188.2 1,223.8
25 Closed-end funds 103.6 (r) 107.3 (r)
26 Government-sponsored
enterprises 2,026.1 2,114.3
27 Federally related
mortgage pools 2,758.8 2,830.1
28 Asset-backed
securities (ABSs)
issuers 1,773.3 (r) 1,878.7 (r)
29 Finance companies 859.5 844.8
30 Mortgage companies 36.9 37.2
31 Real estate
investment trusts
(REITs) 39.8 43.3
32 Brokers and dealers 366.4 (r) 316.0 (r)
33 Funding corporations 184.9 (r) 203.0 (r)
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 28,811.9 (r) 29,471.4 (r)
Other liabilities
35 Official foreign
exchange 49.0 46.8
36 Special drawing rights
certificates 2.2 2.2
37 Treasury currency 23.2 23.2
38 Foreign deposits 848.0 908.9
39 Net interbank
liabilities 166.5 187.7
40 Checkable deposits and
currency 1,485.1 1,601.4
41 Small time and savings
deposits 3,047.6 (r) 3,127.6 (r)
42 Large time deposits 1,094.2 1,121.1
43 Money market fund
shares 2,115.4 (r) 2,240.7
44 Security repurchase
agreements 1,253.9 (r) 1,233.6
45 Mutual fund shares 3,753.1 4,135.5
46 Security credit 919.9 (r) 825.9
47 Life insurance
reserves 844.0 880.0
48 Pension fund reserves 8,281.0 8,694.0
49 Trade payables 2,502.4 2,493.4
50 Taxes payable 251.4 229.9
51 Investment in bank
personal trusts 955.4 (r) 1,025.3 (r)
52 Miscellaneous 10,545.9 (r) 10,091.1 (r)
53 Total liabilities 66,950.1 (r) 68,339.8 (r)
Financial assets
not included in
liabilities (+)
54 Gold and special
drawing rights 22.0 21.8
55 Corporate equities 13,673.4 (r) 15,245.5 (r)
56 Household equity
in noncorporate
business 4,865.8 (r) 4,824.9 (r)
Liabilities not
identified as
assets (-)
57 Treasury currency -9.8 -9.8
58 Foreign deposits 644.9 694.1
59 Net interbank
transactions 4.5 11.1
60 Security repurchase
agreements 396.6 (r) 346.3
61 Taxes payable 148.6 100.0
62 Miscellaneous -2,692.6 (r) -3,203.2 (r)
Floats not included in
assets (-)
63 Federal government
checkable deposits -5.9 -14.1
64 Other checkable
deposits 19.2 28.6
65 Trade credit 48.7 134.0
66 Totals identified to
sectors as assets 86,957.2 (r) 90,345.2 (r)
2002
Transaction
category or sector Q1 Q2 (r) Q3
CREDIT MARKET
DEBT OUTSTANDING (2)
1 Total credit market
assets 29,916.6 (r) 30,444.4 30,983.6
2 Domestic nonfederal
nonfinancial
sectors 3,476.0 (r) 3,519.6 3,447.7
3 Household 2,401.4 (r) 2,425.1 2,351.3
4 Nonfinancial corpo-
rate business 202.7 207.8 209.8
5 Nonfarm noncorporate
business 66.2 67.1 66.5
6 State and local
governments 805.6 819.7 820.1
7 Federal government 272.5 274.7 276.5
8 Rest of the world 3,000.6 3,139.1 3,283.3
9 Financial sectors 23,167.5 (r) 23,511.0 23,976.0
10 Monetary authority 575.4 590.7 604.2
11 Commercial banking 5,231.3 5,328.3 5,476.1
12 U.S.-chartered
banks 4,629.3 4,719.7 4,858.3
13 Foreign banking
offices in
United States 507.7 512.6 521.2
14 Bank holding
companies 27.7 28.1 27.7
15 Banks in U.S.-
affiliated areas 66.6 67.9 68.8
16 Savings institutions 1,134.7 1,130.9 1,153.9
17 Credit unions 434.3 (r) 447.7 458.5
18 Bank personal trusts
and estates 231.4 (r) 234.3 235.5
19 Life insurance
companies 2,136.9 2,180.1 2,241.0
20 Other insurance
companies 527.6 536.4 545.3
21 Private pension
funds 728.7 740.2 749.1
22 State and local
government
retirement funds 806.0 792.4 784.1
23 Money market mutual
funds 1,496.4 1,419.3 1,405.7
24 Mutual funds 1,276.8 1,291.6 1,335.0
25 Closed-end funds 112.5 (r) 113.1 116.0
26 Government-sponsored
enterprises 2,163.8 2,199.9 2,245.5
27 Federally related
mortgage pools 2,955.1 (r) 3,041.6 3,084.8
28 Asset-backed
securities (ABSs)
issuers 1,928.5 (r) 1,983.9 2,032.4
29 Finance companies 832.4 845.6 856.9
30 Mortgage companies 37.6 38.0 38.3
31 Real estate
investment trusts
(REITs) 49.9 57.9 64.1
32 Brokers and dealers 299.6 352.7 339.6
33 Funding corporations 208.6 (r) 186.6 206.3
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 29,916.6 (r) 30,444.4 30,983.6
Other liabilities
35 Official foreign
exchange 45.7 52.0 53.1
36 Special drawing rights
certificates 2.2 2.2 2.2
37 Treasury currency 23.2 23.2 23.2
38 Foreign deposits 894.1 916.5 926.5
39 Net interbank
liabilities 157.6 130.9 146.8
40 Checkable deposits and
currency 1,567.2 1,640.0 1,698.0
41 Small time and savings
deposits 3,229.6 (r) 3,257.6 3,338.5
42 Large time deposits 1,178.9 1,188.7 1,197.7
43 Money market fund
shares 2,202.6 2,150.3 2,105.9
44 Security repurchase
agreements 1,220.4 (r) 1,273.7 1,233.1
45 Mutual fund shares 4,247.0 (r) 3,926.6 3,418.9
46 Security credit 778.0 (r) 746.2 714.7
47 Life insurance
reserves 904.2 915.2 928.3
48 Pension fund reserves 8,822.2 (r) 8,328.1 7,737.4
49 Trade payables 2,526.0 2,533.2 2,587.8
50 Taxes payable 241.3 252.9 240.3
51 Investment in bank
personal trusts 1,035.2 (r) 970.1 888.2
52 Miscellaneous 10,104.6 (r) 10,369.1 10,882.0
53 Total liabilities 69,096.5 (r) 69,120.9 69,106.2
Financial assets
not included in
liabilities (+)
54 Gold and special
drawing rights 21.9 22.7 22.8
55 Corporate equities 15,264.1 (r) 13,363.0 10,960.1
56 Household equity
in noncorporate
business 4,845.0 (r) 4,906.5 4,947.4
Liabilities not
identified as
assets (-)
57 Treasury currency -10.4 -10.6 -10.9
58 Foreign deposits 685.0 717.7 720.1
59 Net interbank
transactions 21.8 18.3 16.2
60 Security repurchase
agreements 355.6 (r) 390.2 292.4
61 Taxes payable 92.3 150.7 113.5
62 Miscellaneous -3,178.9 (r) -3,223.2 -3,030.3
Floats not included in
assets (-)
63 Federal government
checkable deposits 32.4 61.3 72.2
64 Other checkable
deposits 26.3 31.4 25.8
65 Trade credit 87.8 40.3 39.2
66 Totals identified to
sectors as assets 91,115.7 (r) 89,237.0 86,798.1
(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.
Selected Measures
2.12 OUTPUT, CAPACITY, AND CAPACITY UTILIZATION (1)
Seasonally adjusted
2001 2002
Series Q4 Q1 Q2 Q3 (r)
Output (1992=100)
1 Total industry 137.2 138.1 139.5 140.7
2 Manufacturing 141.9 142.9 144.2 145.4
3 Primary processing (3) 164.5 168.0 172.4 174.8
4 Advanced processing (4) 129.3 129.2 129.0 129.4
5 Durable goods 174.1 176.1 178.4 180.6
6 Lumber and products 112.7 112.3 112.3 113.4
7 Primary metals 109.1 112.1 114.5 115.1
8 Iron and steel 104.0 109.3 114.8 116.3
9 Nonferrous 115.3 115.6 114.5 114.2
10 Industrial machinery and
equipment 202.2 205.7 207.8 208.7
11 Electrical machinery 485.7 499.3 516.0 520.2
12 Motor vehicles and parts 165.1 173.7 181.2 191.1
13 Aerospace and miscellaneous
transportation equipment 91.2 86.2 82.5 80.7
14 Nondurable goods 110.2 110.6 111.0 111.3
15 Textile mill products 82.4 84.9 86.5 86.4
16 Paper and products 105.8 104.4 106.9 109.3
17 Chemicals and products 122.4 122.9 123.3 124.7
18 Plastics materials 115.6 119.9 128.3 129.3
19 Petroleum products 113.7 116.2 116.0 114.6
20 Mining 98.6 96.3 95.5 96.0
21 Utilities 116.9 119.3 124.1 126.6
22 Electric 121.1 122.1 126.1 129.6
2001 2002
Series Q4 Q1 Q2 Q3
Capacity (percent of
1992 output)
1 Total industry 183.6 184.1 184.5 185.0
2 Manufacturing 194.0 194.4 194.9 195.5
3 Primary processing (3) 224.5 225.3 226.2 227.2
4 Advanced processing (4) 177.2 177.4 177.7 177.9
5 Durable goods 248.5 249.4 250.4 251.5
6 Lumber and products 149.1 149.3 149.6 149.8
7 Primary metals 150.4 149.4 147.8 145.8
8 Iron and steel 146.2 144.4 141.5 137.9
9 Nonferrous 155.8 155.9 155.9 155.7
10 Industrial machinery and
equipment 299.8 300.4 301.1 301.6
11 Electrical machinery 752.5 762.1 774.4 789.1
12 Motor vehicles and parts 222.9 224.2 225.4 226.7
13 Aerospace and miscellaneous
transportation equipment 135.1 135.1 134.8 134.6
14 Nondurable goods 142.9 142.9 143.0 143.1
15 Textile mill products 115.4 114.4 113.4 112.5
16 Paper and products 139.0 139.0 138.8 138.5
17 Chemicals and products 158.6 158.9 159.7 160.7
18 Plastics materials 153.4 153.8 154.1 154.4
19 Petroleum products 122.7 122.9 123.0 123.2
20 Mining 112.6 112.9 112.9 112.9
21 Utilities 139.9 141.6 143.0 144.2
22 Electric 139.8 141.9 143.7 145.3
2001 2002
Series Q4 Q1 Q2 Q3 (r)
Capacity utilization rate
(percent) (2)
1 Total industry 74.7 75.0 75.6 76.1
2 Manufacturing 73.1 73.5 74.0 74.4
3 Primary processing (3) 73.3 74.6 76.2 76.9
4 Advanced processing (4) 73.0 72.8 72.6 72.8
5 Durable goods 70.1 70.6 71.3 71.8
6 Lumber and products 75.6 75.2 75.1 75.7
7 Primary metals 72.6 75.0 77.5 79.0
8 Iron and steel 71.2 75.7 81.2 84.3
9 Nonferrous 74.0 74.1 73.5 73.3
10 Industrial machinery and
equipment 67.5 68.5 69.0 69.2
11 Electrical machinery 64.6 65.5 66.6 65.9
12 Motor vehicles and parts 74.1 77.5 80.4 84.3
13 Aerospace and miscellaneous
transportation equipment 67.5 63.8 61.2 60.0
14 Nondurable goods 77.1 77.4 77.6 77.8
15 Textile mill products 71.5 74.3 76.2 76.8
16 Paper and products 76.1 75.1 77.0 78.9
17 Chemicals and products 77.2 77.4 77.2 77.6
18 Plastics materials 75.4 77.9 83.2 83.8
19 Petroleum products 92.7 94.6 94.3 93.0
20 Mining 87.6 85.3 84.6 85.0
21 Utilities 83.6 84.3 86.8 87.8
22 Electric 86.7 86.0 87.8 89.2
Previous
1973 1975 cycle (5)
Series High Low High Low
Capacity utilization rate
(percent) (2)
1 Total industry 89.2 72.6 87.3 71.1
2 Manufacturing 88.5 70.5 86.9 69.0
3 Primary processing (3) 91.8 67.3 88.6 65.7
4 Advanced processing (4) 86.5 72.5 86.3 71.0
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) 2001 2002
Series High Low Oct. May June
Capacity utilization rate
(percent) (2)
1 Total industry 85.4 78.1 75.0 75.6 76.0
2 Manufacturing 85.7 76.6 73.3 74.0 74.3
3 Primary processing (3) 88.3 76.7 73.9 76.4 76.7
4 Advanced processing (4) 84.2 76.6 72.9 72.4 72.8
5 Durable goods 84.6 73.1 70.1 71.2 71.7
6 Lumber and products 93.6 75.5 75.7 74.8 75.9
7 Primary metals 92.7 73.7 75.5 77.9 78.9
8 Iron and steel 95.2 71.8 75.4 83.1 82.8
9 Nonferrous 89.3 74.2 75.5 72.4 74.8
10 Industrial machinery and
equipment 85.4 72.3 67.7 69.2 69.2
11 Electrical machinery 84.0 75.0 64.6 67.2 66.8
12 Motor vehicles and parts 89.1 55.9 70.7 79.3 82.1
13 Aerospace and miscellaneous
transportation equipment 87.3 79.2 69.4 61.0 60.8
14 Nondurable goods 87.3 80.7 77.5 77.6 77.9
15 Textile mill products 90.4 77.7 71.7 76.6 75.9
16 Paper and products 93.5 85.0 77.8 78.0 77.2
17 Chemicals and products 86.2 79.3 77.7 77.2 77.6
18 Plastics materials 97.0 74.8 77.7 85.2 84.2
19 Petroleum products 88.5 85.1 93.7 94.3 93.6
20 Mining 88.0 87.0 88.4 84.2 85.1
21 Utilities 92.6 83.4 85.7 86.3 87.1
22 Electric 95.0 87.1 88.0 86.6 88.4
2002
July Aug. Oct.
Series (r) (r) Sept. (p)
Capacity utilization rate
(percent) (2)
1 Total industry 76.3 76.1 75.8 75.2
2 Manufacturing 74.6 74.5 74.1 73.5
3 Primary processing (3) 76.9 77.0 76.8 76.3
4 Advanced processing (4) 73.1 72.8 72.4 71.7
5 Durable goods 71.8 72.1 71.6 70.6
6 Lumber and products 75.7 75.6 75.7 74.9
7 Primary metals 77.0 80.5 79.4 81.1
8 Iron and steel 81.1 86.9 84.8 87.7
9 Nonferrous 72.6 73.7 73.6 74.2
10 Industrial machinery and
equipment 68.7 70.0 68.9 68.0
11 Electrical machinery 66.1 65.8 65.9 65.4
12 Motor vehicles and parts 84.8 84.6 83.3 78.8
13 Aerospace and miscellaneous
transportation equipment 60.0 60.3 59.7 59.3
14 Nondurable goods 78.2 77.7 77.5 77.3
15 Textile mill products 78.1 76.4 75.9 75.9
16 Paper and products 78.4 78.3 80.0 79.1
17 Chemicals and products 78.5 77.3 77.1 76.5
18 Plastics materials 83.0 83.9 84.4 83.0
19 Petroleum products 93.4 93.2 92.4 91.1
20 Mining 85.0 85.3 84.8 83.9
21 Utilities 88.8 86.4 88.2 86.6
22 Electric 90.4 87.3 89.8 87.4
(1.) Data in this table also 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 2001. The recent
annual revision is described in the March 2002 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;
fabricated metals; semiconductors and related electronic components;
and motor vehicle parts.
(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
except semiconductors and related electronic components, transportation
equipment except motor vehicle parts, instruments, and miscellaneous
manufacturing.
(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
2001
1992
SIC pro-
code por- 2001
Group (2) tion avg. Oct.
Index
(1992=
100)
MAJOR MARKETS
1 Total index 100.0 140.1 137.7
2 Products 60.8 129.4 126.8
3 Final products 46.3 132.0 129.2
4 Consumer goods, total 29.0 120.7 119.6
5 Durable consumer
goods 5.8 151.3 146.2
6 Automotive products 2.5 149.9 145.4
7 Autos and trucks 1.6 160.5 154.5
8 Autos, consumer 0.9 94.0 86.9
9 Trucks,
consumer 0.7 231.4 226.5
10 Auto parts and
allied goods 0.9 133.5 131.3
11 Other 3.3 151.5 145.9
12 Appliances, tele-
visions, and
air condition-
ers 0.9 283.2 271.9
13 Carpeting and
furniture 0.8 119.1 116.4
14 Miscellaneous
home goods 1.6 114.2 109.2
15 Nondurable consumer
goods 23.2 113.3 113.1
16 Foods and tobacco 10.4 108.8 108.2
17 Clothing 2.4 78.3 74.4
18 Chemical products 4.6 145.0 148.5
19 Paper products 2.9 105.5 103.9
20 Energy 3.0 117.4 116.9
21 Fuels 0.8 114.2 116.1
22 Residential
utilities 2.1 119.2 117.0
23 Equipment 17.3 152.3 145.4
24 Business equipment 13.2 175.9 166.9
25 Information
processing 5.4 279.5 267.9
26 Computer and office
equipment 1.1 948.2 913.2
27 Industrial 4.0 125.1 119.4
28 Transit 2.5 127.6 119.2
29 Autos and trucks 1.2 145.8 136.2
30 Other 1.3 139.1 129.2
31 Defense and space
equipment 3.4 74.0 74.2
32 Oil and gas well
drilling 0.6 140.2 127.2
33 Manufactured homes 0.2 93.7 100.2
34 Intermediate products,
total 14.5 121.4 119.6
35 Construction supplies 5.4 137.6 134.6
36 Business supplies 9.1 111.9 110.7
37 Materials 39.2 158.0 155.9
38 Durable goods materials 20.7 212.7 207.9
39 Durable consumer parts 4.0 155.8 152.3
40 Equipment parts 7.5 441.8 431.7
41 Other 9.2 125.2 122.5
42 Basic metal materials 3.1 113.7 111.0
43 Nondurable goods
materials 8.9 104.2 104.7
44 Textile materials 1.1 90.8 87.2
45 Paper materials 1.8 108.6 112.4
46 Chemical materials 4.0 102.8 103.5
47 Other 2.1 109.8 108.8
48 Energy materials 9.6 103.3 102.6
49 Primary energy 6.2 98.8 98.2
50 Converted fuel
materials 3.4 111.7 110.9
SPECIAL AGGREGATES
51 Total excluding autos and
trucks 97.3 139.8 137.5
52 Total excluding motor
vehicles and parts 95.3 139.0 136.8
53 Total excluding computer
and office equipment 98.4 134.2 132.0
54 Consumer goods excluding
autos and trucks 27.5 118.5 117.8
55 Consumer goods excluding
energy 26.1 121.1 119.9
56 Business equipment exclud-
ing autos and trucks 12.0 179.7 170.8
57 Business equipment
excluding computer and
office equipment 12.0 146.8 139.0
58 Materials excluding energy 29.6 175.7 173.0
MAJOR INDUSTRIES
59 Total index ... 100.0 140.1 137.7
60 Manufacturing ... 85.4 144.8 142.1
61 Primary processing ... 31.0 167.9 165.6
62 Advanced processing ... 54.4 132.0 129.1
63 Durable goods ... 44.8 179.3 173.9
64 Lumber and products 24 2.1 113.0 112.8
65 Furniture and fixtures 25 1.4 138.7 133.5
66 Stone, clay, and glass
products 32 2.1 130.8 130.3
67 Primary metals 33 3.1 116.9 113.6
68 Iron and steel 331,2 1.8 112.6 110.4
69 Raw steel 331PT 0.1 102.8 99.5
70 Nonferrous 333-6,9 1.4 122.3 117.6
71 Fabricated metal
products 34 5.0 130.4 127.5
72 Industrial machinery
and equipment 35 7.8 213.3 202.8
73 Computer and office
equipment 357 1.6 1,088.0 1,049.1
74 Electrical machinery 36 7.1 504.2 484.8
75 Transportation
equipment 37 9.4 128.5 124.6
76 Motor vehicles and
parts 371 4.7 162.9 157.3
77 Autos and light
tracks 371PT 2.5 154.1 147.4
78 Aerospace and
miscellaneous
transportation
equipment 372-6,9 4.7 96.3 93.8
79 Instruments 38 5.4 115.3 113.6
80 Miscellaneous 39 1.3 117.5 113.6
81 Nondurable goods ... 40.6 111.4 110.8
82 Foods 20 9.6 112.9 112.2
83 Tobacco products 21 1.6 93.8 92.8
84 Textile mill products 22 1.8 86.7 83.0
85 Apparel products 23 2.2 93.1 87.8
86 Paper and products 26 3.5 108.1 108.1
87 Printing and publishing 27 6.8 101.6 99.8
88 Chemicals and products 28 10.0 121.1 123.2
89 Petroleum products 29 1.4 114.3 114.9
90 Rubber and plastics 30 3.5 136.8 134.4
91 Leather and products 31 0.3 63.1 60.0
92 Mining ... 6.8 101.3 99.5
93 Metal 10 0.4 88.4 85.6
94 Coal 12 1.0 111.7 106.5
95 Oil and gas extraction 13 4.8 96.1 94.8
96 Stone and earth minerals 14 0.6 132.6 129.6
97 Utilities ... 7.8 119.8 119.4
98 Electric 491,3PT 6.2 123.1 122.3
99 Gas 492,3PT 1.6 109.1 108.0
SPECIAL AGGREGATES
100 Manufacturing excluding
motor vehicles and parts ... 80.7 143.9 141.3
101 Manufacturing excluding
computers and office
equipment ... 83.8 138.0 135.4
102 Computers, communications
equipment, and
semiconductors ... 5.6 1,048.5 1,002.4
103 Manufacturing excluding
computers and
semiconductors ... 81.3 121.2 119.1
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors ... 79.8 118.2 116.3
Gross value (billions of 1996
dollars, annual rates)
MAJOR MARKETS
105 Products, total ... 100.0 2,720.1 2,669.6
106 Final ... 77.2 2,101.5 2,056.7
107 Consumer goods ... 51.9 1,303.7 1,291.1
108 Equipment ... 25.3 797.4 761.0
109 Intermediate ... 22.8 618.9 612.9
2001 2002
Group Nov. Dec. Jan. Feb.
Index (1992=100)
MAJOR MARKETS
1 Total index 137.2 136.7 137.6 138.1
2 Products 126.7 126.5 126.7 126.9
3 Final products 129.4 129.1 129.3 129.4
4 Consumer goods, total 120.0 120.6 120.6 121.2
5 Durable consumer
goods 152.1 156.2 154.5 155.4
6 Automotive products 155.4 160.7 158.3 158.1
7 Autos and trucks 170.7 177.8 175.0 173.4
8 Autos, consumer 94.8 101.1 101.2 110.5
9 Trucks,
consumer 251.5 259.5 253.6 240.6
10 Auto parts and
allied goods 131.3 133.6 132.0 134.0
11 Other 146.9 149.7 148.7 151.1
12 Appliances, tele-
visions, and
air condition-
ers 280.1 297.9 295.1 304.8
13 Carpeting and
furniture 119.2 118.8 117.2 118.8
14 Miscellaneous
home goods 107.5 108.0 108.0 108.7
15 Nondurable consumer
goods 112.3 112.2 112.6 113.1
16 Foods and tobacco 108.6 109.0 109.2 109.7
17 Clothing 73.2 74.7 75.4 74.9
18 Chemical products 148.0 148.5 149.4 147.6
19 Paper products 102.1 100.2 98.8 98.1
20 Energy 113.4 111.6 113.5 118.3
21 Fuels 115.2 112.6 117.4 116.5
22 Residential
utilities 112.0 110.7 111.1 118.9
23 Equipment 145.0 142.7 143.3 142.2
24 Business equipment 167.2 164.3 165.3 164.0
25 Information
processing 269.1 265.5 268.2 267.9
26 Computer and office
equipment 927.8 941.2 969.2 998.7
27 Industrial 118.3 114.5 116.1 113.5
28 Transit 118.6 118.7 116.4 116.8
29 Autos and trucks 143.6 151.4 150.5 155.7
30 Other 134.2 130.2 133.1 130.5
31 Defense and space
equipment 74.3 74.7 74.9 74.9
32 Oil and gas well
drilling 114.4 107.8 107.3 105.3
33 Manufactured homes 99.5 97.7 93.1 89.1
34 Intermediate products,
total 118.9 118.6 118.9 119.4
35 Construction supplies 134.0 135.6 136.3 136.8
36 Business supplies 109.8 108.6 108.5 109.1
37 Materials 154.8 153.6 155.8 157.1
38 Durable goods materials 206.5 206.0 209.4 211.6
39 Durable consumer parts 155.0 157.5 161.4 162.9
40 Equipment parts 427.9 426.7 434.0 439.7
41 Other 120.5 119.0 120.5 121.5
42 Basic metal materials 106.7 101.9 106.9 107.9
43 Nondurable goods
materials 103.1 101.1 103.3 103.4
44 Textile materials 84.7 84.5 84.9 87.4
45 Paper materials 106.9 103.1 106.9 103.3
46 Chemical materials 102.2 99.3 102.8 104.1
47 Other 110.4 111.2 110.4 110.0
48 Energy materials 102.6 101.6 101.6 102.6
49 Primary energy 98.8 97.9 97.6 97.7
50 Converted fuel
materials 109.1 107.9 108.6 111.6
SPECIAL AGGREGATES
51 Total excluding autos and
trucks 136.6 135.8 136.7 137.3
52 Total excluding motor
vehicles and parts 135.8 134.9 135.8 136.3
53 Total excluding computer
and office equipment 131.5 130.9 131.7 132.2
54 Consumer goods excluding
autos and trucks 117.2 117.4 117.6 118.3
55 Consumer goods excluding
energy 120.8 121.7 121.5 121.5
56 Business equipment exclud-
ing autos and trucks 170.1 165.7 167.0 164.7
57 Business equipment
excluding computer and
office equipment 139.1 136.3 136.8 135.2
58 Materials excluding energy 171.5 170.3 173.4 174.7
59 Total index 137.2 136.7 137.6 138.1
60 Manufacturing 142.0 141.6 142.6 142.9
61 Primary processing 164.4 163.5 166.6 168.0
62 Advanced processing 129.5 129.3 129.3 129.0
63 Durable goods 174.3 174.1 175.7 176.0
64 Lumber and products 112.4 113.0 112.9 111.0
65 Furniture and fixtures 134.8 135.4 133.6 135.0
66 Stone, clay, and glass
products 128.8 126.3 127.7 127.8
67 Primary metals 110.2 103.6 111.3 111.8
68 Iron and steel 107.1 94.6 107.1 110.6
69 Raw steel 95.1 85.5 100.0 101.3
70 Nonferrous 114.1 114.2 116.5 113.5
71 Fabricated metal
products 127.2 129.1 128.7 127.7
72 Industrial machinery
and equipment 203.4 200.4 204.5 205.3
73 Computer and office
equipment 1,067.2 1,087.0 1,118.5 1,155.8
74 Electrical machinery 485.1 487.3 494.0 500.8
75 Transportation
equipment 127.2 129.1 128.2 128.9
76 Motor vehicles and
parts 165.9 172.1 171.8 174.5
77 Autos and light
tracks 162.7 169.6 167.1 166.9
78 Aerospace and
miscellaneous
transportation
equipment 91.0 88.9 87.4 86.4
79 Instruments 113.7 112.8 113.8 112.4
80 Miscellaneous 110.7 114.1 114.6 114.6
81 Nondurable goods 110.2 109.7 110.3 110.5
82 Foods 113.0 114.0 113.5 113.7
83 Tobacco products 92.7 90.8 93.1 95.0
84 Textile mill products 81.9 82.5 82.5 85.1
85 Apparel products 87.3 88.8 89.4 88.4
86 Paper and products 106.2 103.1 105.1 103.5
87 Printing and publishing 98.9 97.3 96.6 96.0
88 Chemicals and products 122.4 121.4 123.0 122.9
89 Petroleum products 114.0 112.2 114.8 117.2
90 Rubber and plastics 133.4 134.8 134.7 136.6
91 Leather and products 59.2 58.4 60.3 60.1
92 Mining 99.0 97.4 97.0 96.6
93 Metal 80.0 80.1 75.2 78.2
94 Coal 106.6 105.8 104.5 107.0
95 Oil and gas extraction 94.5 92.6 92.0 91.2
96 Stone and earth minerals 129.5 129.8 133.7 132.5
97 Utilities 116.2 115.2 115.7 120.3
98 Electric 121.8 119.3 119.8 121.9
99 Gas 96.2 100.5 101.0 113.7
SPECIAL AGGREGATES
100 Manufacturing excluding
motor vehicles and parts 140.6 139.7 140.8 140.9
101 Manufacturing excluding
computers and office
equipment 135.3 134.8 135.8 135.9
102 Computers, communications
equipment, and
semiconductors 1,002.5 1,006.0 1,032.2 1,065.5
103 Manufacturing excluding
computers and
semiconductors 118.9 118.4 119.1 119.0
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors 116.1 115.7 116.4 116.4
Gross value (billions of 1996
dollars, annual rates)
MAJOR MARKETS
105 Products, total 2,679.2 2,683.2 2,686.4 2,694.3
106 Final 2,070.6 2,075.1 2,076.9 2,080.4
107 Consumer goods 1,301.9 1,313.7 1,312.6 1,318.7
108 Equipment 763.5 753.5 757.1 753.3
109 Intermediate 608.8 608.3 609.7 614.0
2002
Group Mar. Apr. May June
Index (1992=100)
MAJOR MARKETS
1 Total index 138.6 138.8 139.4 140.3
2 Products 127.4 127.0 127.3 128.0
3 Final products 129.6 129.2 129.3 130.2
4 Consumer goods, total 121.7 121.4 121.4 122.3
5 Durable consumer
goods 156.8 157.9 159.0 161.1
6 Automotive products 159.6 162.4 162.7 169.0
7 Autos and trucks 173.7 179.0 178.2 185.8
8 Autos, consumer 102.5 104.1 102.3 104.5
9 Trucks,
consumer 249.7 258.9 259.1 272.4
10 Auto parts and
allied goods 137.4 136.2 138.3 142.3
11 Other 152.2 151.3 153.3 150.6
12 Appliances, tele-
visions, and
air condition-
ers 308.6 299.9 312.8 295.7
13 Carpeting and
furniture 118.3 119.4 119.1 116.0
14 Miscellaneous
home goods 110.0 109.8 110.4 111.5
15 Nondurable consumer
goods 113.4 112.8 112.6 113.2
16 Foods and tobacco 110.4 109.9 109.3 109.7
17 Clothing 75.7 74.6 74.5 74.5
18 Chemical products 146.7 144.7 144.0 146.4
19 Paper products 98.5 96.7 97.7 98.9
20 Energy 118.4 120.8 121.6 120.7
21 Fuels 115.4 117.7 115.6 114.5
22 Residential
utilities 119.7 122.1 124.4 123.7
23 Equipment 141.7 141.3 141.6 142.3
24 Business equipment 163.5 162.9 163.2 163.8
25 Information
processing 269.1 266.6 265.1 265.1
26 Computer and office
equipment 1,020.7 1,012.6 1,001.1 995.0
27 Industrial 113.6 113.3 116.5 116.0
28 Transit 114.1 113.8 111.9 113.2
29 Autos and trucks 154.6 158.6 159.2 165.4
30 Other 131.2 132.5 132.1 135.1
31 Defense and space
equipment 74.9 75.3 75.7 76.1
32 Oil and gas well
drilling 104.5 102.0 101.4 104.4
33 Manufactured homes 81.5 82.4 84.8 84.3
34 Intermediate products,
total 120.8 120.3 120.9 121.5
35 Construction supplies 139.7 138.3 139.6 140.5
36 Business supplies 109.6 109.6 109.9 110.2
37 Materials 157.4 158.8 160.2 161.3
38 Durable goods materials 212.1 214.2 216.2 218.0
39 Durable consumer parts 163.4 165.8 166.0 167.5
40 Equipment parts 440.8 444.9 452.7 456.9
41 Other 121.8 122.7 123.6 124.5
42 Basic metal materials 109.0 108.1 109.9 111.2
43 Nondurable goods
materials 104.1 104.8 107.1 107.1
44 Textile materials 90.3 88.8 89.7 87.9
45 Paper materials 103.2 105.8 109.1 106.4
46 Chemical materials 105.4 105.9 108.6 108.9
47 Other 108.9 109.5 110.9 113.2
48 Energy materials 102.1 103.0 102.4 103.3
49 Primary energy 96.9 97.6 96.5 97.8
50 Converted fuel
materials 112.0 113.3 113.4 113.8
SPECIAL AGGREGATES
51 Total excluding autos and
trucks 137.8 137.8 138.5 139.2
52 Total excluding motor
vehicles and parts 136.7 136.7 137.4 137.9
53 Total excluding computer
and office equipment 132.6 132.8 133.4 134.3
54 Consumer goods excluding
autos and trucks 118.8 118.2 118.2 118.7
55 Consumer goods excluding
energy 122.1 121.4 121.4 122.5
56 Business equipment exclud-
ing autos and trucks 164.4 163.1 163.3 163.1
57 Business equipment
excluding computer and
office equipment 134.5 134.0 134.4 135.1
58 Materials excluding energy 175.3 176.9 179.1 180.3
59 Total index 138.6 138.8 139.4 140.3
60 Manufacturing 143.4 143.4 144.2 145.0
61 Primary processing 169.4 170.3 172.9 173.8
62 Advanced processing 129.1 128.7 128.7 129.5
63 Durable goods 176.6 177.2 178.4 179.7
64 Lumber and products 112.9 111.6 111.8 113.5
65 Furniture and fixtures 134.8 134.8 134.7 132.5
66 Stone, clay, and glass
products 127.7 129.6 130.0 129.9
67 Primary metals 113.1 112.1 115.2 116.2
68 Iron and steel 110.2 110.7 117.5 116.2
69 Raw steel 101.2 101.2 100.9 108.4
70 Nonferrous 116.8 114.1 112.9 116.5
71 Fabricated metal
products 127.9 128.2 130.0 130.6
72 Industrial machinery
and equipment 207.1 206.8 208.3 208.4
73 Computer and office
equipment 1,185.5 1,177.6 1,165.2 1,158.6
74 Electrical machinery 503.1 507.9 520.1 520.1
75 Transportation
equipment 128.2 129.6 128.8 131.8
76 Motor vehicles and
parts 174.9 179.3 178.8 185.5
77 Autos and light
tracks 166.2 171.1 170.3 177.4
78 Aerospace and
miscellaneous
transportation
equipment 84.7 83.3 82.3 82.0
79 Instruments 112.8 112.2 111.6 111.8
80 Miscellaneous 116.4 115.8 117.8 119.8
81 Nondurable goods 110.9 110.5 111.0 111.4
82 Foods 114.4 114.0 113.2 113.6
83 Tobacco products 95.3 94.4 94.5 95.1
84 Textile mill products 87.2 86.7 86.8 85.8
85 Apparel products 89.5 88.3 88.7 88.7
86 Paper and products 104.5 105.3 108.3 107.1
87 Printing and publishing 95.4 94.9 95.3 96.0
88 Chemicals and products 122.8 122.2 123.3 124.2
89 Petroleum products 116.7 116.9 116.0 115.2
90 Rubber and plastics 139.1 139.2 140.2 142.1
91 Leather and products 60.0 59.5 59.2 59.5
92 Mining 95.4 95.3 95.1 96.0
93 Metal 80.0 75.3 77.3 79.0
94 Coal 99.0 101.8 101.7 103.3
95 Oil and gas extraction 90.6 90.3 89.7 90.3
96 Stone and earth minerals 132.2 132.5 134.7 136.2
97 Utilities 121.8 123.9 123.3 124.9
98 Electric 124.6 126.6 124.4 127.5
99 Gas 111.4 113.9 119.1 114.9
SPECIAL AGGREGATES
100 Manufacturing excluding
motor vehicles and parts 141.5 141.2 142.1 142.5
101 Manufacturing excluding
computers and office
equipment 136.4 136.4 137.2 138.0
102 Computers, communications
equipment, and
semiconductors 1,077.4 1,088.0 1,107.5 1,117.7
103 Manufacturing excluding
computers and
semiconductors 119.3 119.2 119.8 120.5
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors 116.7 116.6 117.2 117.8
Gross value (billions of 1996
dollars, annual rates)
MAJOR MARKETS
105 Products, total 2,707.4 2,704.2 2,710.7 2,731.7
106 Final 2,084.4 2,085.6 2,088.7 2,106.2
107 Consumer goods 1,324.4 1,325.9 1,326.5 1,337.6
108 Equipment 750.5 750.1 752.9 759.2
109 Intermediate 623.0 618.6 622.0 625.6
2002
July Aug. Sept. Oct.
Group (r) (r) (p)
Index (1992=100)
MAJOR MARKETS
1 Total index 141.0 140.7 140.4 139.3
2 Products 128.5 128.1 127.8 126.7
3 Final products 130.8 130.1 129.6 128.3
4 Consumer goods, total 123.1 121.8 121.6 120.7
5 Durable consumer
goods 164.4 162.3 161.2 157.2
6 Automotive products 174.7 173.6 172.0 164.5
7 Autos and trucks 197.1 195.0 192.7 181.6
8 Autos, consumer 107.2 102.0 95.6 94.0
9 Trucks,
consumer 292.7 293.7 295.7 274.7
10 Auto parts and
allied goods 138.9 139.6 139.1 137.4
11 Other 150.8 147.5 147.1 147.3
12 Appliances, tele-
visions, and
air condition-
ers 290.9 291.4 292.5 293.0
13 Carpeting and
furniture 116.5 112.5 113.7 112.7
14 Miscellaneous
home goods 112.5 109.4 107.9 108.7
15 Nondurable consumer
goods 113.6 112.4 112.4 112.1
16 Foods and tobacco 109.2 108.2 107.9 108.7
17 Clothing 75.0 72.4 74.3 72.7
18 Chemical products 148.1 145.6 145.7 144.7
19 Paper products 99.2 100.1 99.0 97.8
20 Energy 122.4 120.7 121.9 120.1
21 Fuels 114.2 115.5 113.8 111.3
22 Residential
utilities 126.3 123.1 125.9 124.5
23 Equipment 142.4 143.3 141.9 139.7
24 Business equipment 163.8 164.7 162.3 159.1
25 Information
processing 265.0 264.9 263.5 263.8
26 Computer and office
equipment 1,015.6 1,034.4 1,050.2 1,067.8
27 Industrial 115.6 117.0 114.6 113.1
28 Transit 114.1 113.6 112.1 104.8
29 Autos and trucks 171.3 170.3 168.0 153.1
30 Other 134.3 137.8 133.5 131.2
31 Defense and space
equipment 76.6 77.8 78.4 79.1
32 Oil and gas well
drilling 104.1 104.6 105.6 103.6
33 Manufactured homes 84.4 83.5 84.2 85.0
34 Intermediate products,
total 121.6 122.0 122.3 121.7
35 Construction supplies 138.5 140.3 140.6 139.7
36 Business supplies 111.6 111.1 111.4 111.1
37 Materials 162.5 162.4 162.2 161.0
38 Durable goods materials 218.9 220.0 218.9 217.7
39 Durable consumer parts 171.7 171.8 169.1 165.6
40 Equipment parts 456.4 461.3 461.8 461.5
41 Other 124.2 124.5 124.0 123.8
42 Basic metal materials 108.8 112.2 110.9 112.4
43 Nondurable goods
materials 107.6 107.1 107.6 107.0
44 Textile materials 91.6 89.3 88.5 88.0
45 Paper materials 109.1 109.3 112.0 110.9
46 Chemical materials 108.9 108.1 107.9 107.5
47 Other 111.5 112.0 112.5 111.8
48 Energy materials 105.3 103.9 104.5 103.0
49 Primary energy 98.8 98.1 98.1 96.8
50 Converted fuel
materials 117.8 115.0 116.7 114.9
SPECIAL AGGREGATES
51 Total excluding autos and
trucks 139.6 139.3 139.1 138.4
52 Total excluding motor
vehicles and parts 138.3 138.0 137.8 137.2
53 Total excluding computer
and office equipment 135.0 134.6 134.3 133.2
54 Consumer goods excluding
autos and trucks 118.9 117.6 117.6 117.3
55 Consumer goods excluding
energy 123.2 121.9 121.6 120.7
56 Business equipment exclud-
ing autos and trucks 162.2 163.4 161.0 159.5
57 Business equipment
excluding computer and
office equipment 134.8 135.4 133.0 130.0
58 Materials excluding energy 181.0 181.5 181.0 180.0
59 Total index 141.0 140.7 140.4 139.3
60 Manufacturing 145.6 145.5 144.9 143.9
61 Primary processing 174.6 175.0 174.8 173.9
62 Advanced processing 129.9 129.6 128.8 127.7
63 Durable goods 180.3 181.3 180.2 178.1
64 Lumber and products 113.3 113.3 113.5 112.3
65 Furniture and fixtures 133.9 132.5 133.8 130.7
66 Stone, clay, and glass
products 130.6 131.8 132.3 132.6
67 Primary metals 112.8 117.3 115.2 117.1
68 Iron and steel 112.9 119.9 116.0 118.8
69 Raw steel 108.5 113.2 113.4 113.4
70 Nonferrous 113.1 114.7 114.6 115.4
71 Fabricated metal
products 131.7 131.3 130.8 129.6
72 Industrial machinery
and equipment 207.2 211.0 207.8 205.3
73 Computer and office
equipment 1,179.8 1,199.9 1,218.4 1,239.4
74 Electrical machinery 518.1 519.3 523.3 522.2
75 Transportation
equipment 134.3 134.5 132.8 127.8
76 Motor vehicles and
parts 191.9 191.9 189.3 179.5
77 Autos and light
tracks 187.9 185.7 183.1 173.4
78 Aerospace and
miscellaneous
transportation
equipment 80.8 81.1 80.2 79.7
79 Instruments 112.6 112.3 111.9 112.3
80 Miscellaneous 119.6 118.1 117.4 118.4
81 Nondurable goods 111.9 111.1 110.9 110.7
82 Foods 113.1 112.6 112.5 113.4
83 Tobacco products 94.5 92.2 90.7 91.2
84 Textile mill products 88.1 85.9 85.2 84.9
85 Apparel products 89.3 87.0 87.0 85.9
86 Paper and products 108.7 108.4 110.7 109.5
87 Printing and publishing 96.5 97.1 96.2 96.0
88 Chemicals and products 125.8 124.2 124.1 123.4
89 Petroleum products 115.1 114.8 113.9 112.4
90 Rubber and plastics 141.7 141.0 140.1 139.2
91 Leather and products 61.4 59.2 62.7 64.1
92 Mining 95.9 96.3 95.7 94.8
93 Metal 76.8 74.7 77.1 77.3
94 Coal 101.6 103.1 108.5 109.0
95 Oil and gas extraction 90.8 91.1 89.0 87.8
96 Stone and earth minerals 135.4 135.8 136.4 135.0
97 Utilities 127.8 124.6 127.6 125.6
98 Electric 130.9 126.9 131.0 127.9
99 Gas 115.6 115.3 114.2 116.4
SPECIAL AGGREGATES
100 Manufacturing excluding
motor vehicles and parts 142.7 142.6 142.1 141.7
101 Manufacturing excluding
computers and office
equipment 138.5 138.4 137.8 136.8
102 Computers, communications
equipment, and
semiconductors 1,119.0 1,128.1 1,143.5 1,149.7
103 Manufacturing excluding
computers and
semiconductors 120.9 120.7 120.1 119.1
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors 118.3 118.2 117.6 116.6
Gross value (billions of 1996
dollars, annual rates)
MAJOR MARKETS
105 Products, total 2,744.8 2,739.1 2,728.6 2,695.8
106 Final 2,120.5 2,112.5 2,100.1 2,070.4
107 Consumer goods 1,349.1 1,337.4 1,333.6 1,319.5
108 Equipment 761.2 767.0 757.3 740.2
109 Intermediate 624.4 626.7 628.5 625.3
(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 2001. The recent
annual revision is described in the March 2002 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.
3.10 U.S. INTERNATIONAL TRANSACTIONS Summary
Millions of dollars; quarterly data seasonally adjusted except as
noted (1)
Item credits or debits 1999 2000
1 Balance on current account -292,856 -410,341
2 Balance on goods and services -262,237 -378,681
3 Exports 957,146 1,064,239
4 Imports -1,219,383 -1,442,920
5 Income, net 18,138 21,782
6 Investment, net 23,877 27,651
7 Direct 75,009 88,862
8 Portfolio -51,132 -61,211
9 Compensation of employees -5,739 -5,869
10 Unilateral current transfers, net -48,757 -53,442
11 Change in U.S. government assets
other than official reserve assets,
net (increase, -) 2,750 -941
12 Change in U.S. official reserve
assets (increase, -) 8,747 -290
13 Gold 0 0
14 Special drawing rights (SDRs) 10 -722
15 Reserve position in International
Monetary Fund 5,484 2,308
16 Foreign currencies 3,253 -1,876
17 Change in U.S. private assets abroad
(increase, -) -489,066 -605,258
18 Bank-reported claims (2) -76,263 -148,657
19 Nonbank-reported claims -95,466 -150,805
20 U.S. purchase of foreign
securities, net -128,436 -127,502
21 U.S. direct investments abroad, net -188,901 -178,294
22 Change in foreign official assets in
United States (increase, +) 43,666 37,640
23 U.S. Treasury securities 12,177 -10,233
24 Other U.S. government obligations 20,350 40,909
25 Other U.S. government
liabilities (2) -2,740 -1,909
26 Other U.S. liabilities reported by
U.S. banks (2) 12,964 5,746
27 Other foreign official assets (3) 915 3,127
28 Change in foreign private assets in
United States (increase, +) 698,813 978,346
29 U.S. bank-reported liabilities (4) 54,232 116,971
30 U.S. nonbank-reported liabilities 78,383 174,251
31 Foreign private purchases of U.S.
Treasury securities, net -44,497 -76,965
32 U.S. currency flows 22,407 1,129
33 Foreign purchases of other U.S.
securities, net 298,834 455,213
34 Foreign direct investments in
United States, net 289,454 307,747
35 Capital account transactions, net (5) -3,340 837
36 Discrepancy 31,286 7
37 Due to seasonal adjustment ... ...
38 Before seasonal adjustment 31,286 7
MEMO
Changes in official assets
39 U.S. official reserve assets
(increase, -) 8,747 -290
40 Foreign official assets in United
States, excluding line 25
(increase, +) 46,406 39,549
41 Change in Organization of Petroleum
Exporting Countries official assets
in United States (part of line 22) 1,621 12,000
2001
2001 Q2
Item credits or debits -393,371 -99,234
-358,290 -93,324
1 Balance on current account 998,022 256,766
2 Balance on goods and services -1,356,312 -350,090
3 Exports 14,382 6,006
4 Imports 20,539 7,526
5 Income, net 102,595 27,832
6 Investment, net -82,056 -20,306
7 Direct -6,157 -1,520
8 Portfolio -49,463 -11,916
9 Compensation of employees
10 Unilateral current transfers, net
11 Change in U.S. government assets -486 -783
other than official reserve assets,
net (increase, -)
-4,911 -1,343
12 Change in U.S. official reserve 0 0
assets (increase, -) -630 -156
13 Gold
14 Special drawing rights (SDRs) -3,600 -1,015
15 Reserve position in International -681 -172
Monetary Fund
16 Foreign currencies
-365,565 -77,910
17 Change in U.S. private assets abroad -128,705 -685
(increase, -) -14,358 9,670
18 Bank-reported claims (2)
19 Nonbank-reported claims -94,662 -51,764
20 U.S. purchase of foreign -127,840 -35,131
securities, net
21 U.S. direct investments abroad, net
5,224 -20,831
22 Change in foreign official assets in 10,745 -20,798
United States (increase, +) 20,920 9,932
23 U.S. Treasury securities
24 Other U.S. government obligations -1,882 -791
25 Other U.S. government
liabilities (2) -30,278 -10,202
26 Other U.S. liabilities reported by 5,719 1,028
U.S. banks (2)
27 Other foreign official assets (3)
747,582 202,441
28 Change in foreign private assets in 110,667 55,003
United States (increase, +) 82,353 -5,307
29 U.S. bank-reported liabilities (4)
30 U.S. nonbank-reported liabilities -7,670 -14,685
31 Foreign private purchases of U.S. 23,783 2,772
Treasury securities, net
32 U.S. currency flows 407,653 113,556
33 Foreign purchases of other U.S.
securities, net 130,796 51,102
34 Foreign direct investments in
United States, net 826 207
10,701 -2,547
35 Capital account transactions, net (5) ... 875
36 Discrepancy 10,701 -3,422
37 Due to seasonal adjustment
38 Before seasonal adjustment
MEMO
Changes in official assets -4,911 -1,343
39 U.S. official reserve assets
(increase, -)
40 Foreign official assets in United 7,106 -20,040
States, excluding line 25
(increase, +)
41 Change in Organization of Petroleum -1,725 -1,699
Exporting Countries official assets
in United States (part of line 22)
2001
Item credits or debits Q3 Q4
1 Balance on current account -91,331 -95,086
2 Balance on goods and services -79,778 -88,028
3 Exports 242,325 232,930
4 Imports -322,103 -320,958
5 Income, net 807 6,521
6 Investment, net 2,345 8,102
7 Direct 23,908 28,602
8 Portfolio -21,563 -20,500
9 Compensation of employees -1,538 -1,581
10 Unilateral current transfers, net -12,360 -13,579
11 Change in U.S. government assets
other than official reserve assets,
net (increase, -) 77 143
12 Change in U.S. official reserve
assets (increase, -) -3,559 -199
13 Gold 0 0
14 Special drawing rights (SDRs) -145 -140
15 Reserve position in International
Monetary Fund -3,242 83
16 Foreign currencies -172 -142
17 Change in U.S. private assets abroad
(increase, -) 28,460 -100,032
18 Bank-reported claims (2) 69,576 -83,682
19 Nonbank-reported claims -9,479 37,210
20 U.S. purchase of foreign
securities, net 10,087 -26,090
21 U.S. direct investments abroad, net -41,724 -27,470
22 Change in foreign official assets in
United States (increase, +) 16,882 5,086
23 U.S. Treasury securities 15,810 16,760
24 Other U.S. government obligations -216 7,630
25 Other U.S. government
liabilities (2) 89 -504
26 Other U.S. liabilities reported by
U.S. banks (2) -782 -20,507
27 Other foreign official assets (3) 1,981 1,707
28 Change in foreign private assets in
United States (increase, +) 1,007 245,711
29 U.S. bank-reported liabilities (4) -45,567 85,598
30 U.S. nonbank-reported liabilities -25,154 1,170
31 Foreign private purchases of U.S.
Treasury securities, net -15,470 27,229
32 U.S. currency flows 8,203 10,497
33 Foreign purchases of other U.S.
securities, net 64,787 99,320
34 Foreign direct investments in
United States, net 14,208 21,897
35 Capital account transactions, net (5) 206 205
36 Discrepancy 48,258 -55,828
37 Due to seasonal adjustment -10,286 1,721
38 Before seasonal adjustment 58,544 -57,549
MEMO
Changes in official assets
39 U.S. official reserve assets
(increase, -) -3,559 -199
40 Foreign official assets in United
States, excluding line 25
(increase, +) 16,793 5,590
41 Change in Organization of Petroleum
Exporting Countries official assets
in United States (part of line 22) -4,081 3,382
2002
Item credits or debits Q1 Q2
1 Balance on current account -112,454 -129,959
2 Balance on goods and services -95,492 -110,613
3 Exports 233,252 243,752
4 Imports -328,744 -354,365
5 Income, net -946 -6,286
6 Investment, net 682 -4,628
7 Direct 22,069 17,671
8 Portfolio -21,387 -22,299
9 Compensation of employees -1,628 -1,658
10 Unilateral current transfers, net -16,016 -13,060
11 Change in U.S. government assets
other than official reserve assets,
net (increase, -) 133 12
12 Change in U.S. official reserve
assets (increase, -) 390 -1,843
13 Gold 0 0
14 Special drawing rights (SDRs) -109 -107
15 Reserve position in International
Monetary Fund 652 -1,607
16 Foreign currencies -153 -129
17 Change in U.S. private assets abroad
(increase, -) -26,441 -139,002
18 Bank-reported claims (2) 727 -72,676
19 Nonbank-reported claims 65 -26,976
20 U.S. purchase of foreign
securities, net 2,047 -9,987
21 U.S. direct investments abroad, net -29,280 -29,363
22 Change in foreign official assets in
United States (increase, +) 7,641 47,062
23 U.S. Treasury securities -582 15,193
24 Other U.S. government obligations 7,296 6,548
25 Other U.S. government
liabilities (2) -790 -20
26 Other U.S. liabilities reported by
U.S. banks (2) 991 24,415
27 Other foreign official assets (3) 726 926
28 Change in foreign private assets in
United States (increase, +) 105,855 174,151
29 U.S. bank-reported liabilities (4) -11,051 34,889
30 U.S. nonbank-reported liabilities 32,345 25,956
31 Foreign private purchases of U.S.
Treasury securities, net -7,282 1,386
32 U.S. currency flows 4,525 7,183
33 Foreign purchases of other U.S.
securities, net 71,095 103,771
34 Foreign direct investments in
United States, net 16,223 966
35 Capital account transactions, net (5) 208 200
36 Discrepancy 24,668 49,379
37 Due to seasonal adjustment 10,019 827
38 Before seasonal adjustment 14,649 48,552
MEMO
Changes in official assets
39 U.S. official reserve assets
(increase, -) 390 -1,843
40 Foreign official assets in United
States, excluding line 25
(increase, +) 8,431 47,082
41 Change in Organization of Petroleum
Exporting Countries official assets
in United States (part of line 22) -8,532 993
(1.) Seasonal factors are not calculated for lines 11-16, 18-20,
22-35, and 38-41.
(2.) Associated primarily with military sales contracts and other
transactions arranged with or through foreign official agencies.
(3.) Consists of investments in U.S. corporate stocks and in debt
securities of private corporations and state and local governments.
(4.) Reporting banks included all types of depository institutions
as well as some brokers and dealers.
(5.) Consists of capital transfers (such as those of accompanying
migrants entering or leaving the country and debt forgiveness) and
the acquisition and disposal of nonproduced nonfinancial assets.
SOURCE. U.S. Department of Commerce, Bureau of Economic Analysis,
Survey of Current Business.
Summary Statistics
3.12 U.S. RESERVE ASSETS
Millions of dollars, end of period
2002
Asset 1999 2000 2001 Apr.
1 Total 71,516 67,647 68,654 67,844
2 Gold stock (1) 11,048 11,046 11,045 11,044
3 Special drawing rights (2),(3) 10,336 10,539 10,774 10,988
4 Reserve position in
International Monetary
Fund (2) 17,950 14,824 17,854 16,184
5 Foreign currencies (4) 32,182 31,238 28,981 29,628
2002
Asset May June July Aug.
1 Total 69,579 74,696 74,751 75,307
2 Gold stock (1) 11,044 11,044 11,042 11,042
3 Special drawing rights (2),(3) 11,297 11,645 11,575 11,752
4 Reserve position in
International Monetary
Fund (2) 16,498 19,841 19,863 20,043
5 Foreign currencies (4) 30,740 32,166 32,271 32,470
2002
Nov.
Asset Sept. Oct. (p)
1 Total 75,860 75,499 75,689
2 Gold stock (1) 11,042 11,042 11,042
3 Special drawing rights (2),(3) 11,710 11,700 11,855
4 Reserve position in
International Monetary
Fund (2) 20,857 20,586 20,480
5 Foreign currencies (4) 32,251 32,171 32,312
(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) 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
2002
Asset 1999 2000 2001 Apr.
1 Deposits 71 215 61 111
Held in custody
2 U.S. Treasury securities (2) 632,482 594,094 592,630 589,531
3 Earnmarked gold (3) 9,933 9,451 9,099 9,091
2002
Asset May June July Aug.
1 Deposits 127 90 164 86
Held in custody
2 U.S. Treasury securities (2) 605,501 619,226 635,036 638,003
3 Earnmarked gold (3) 9,098 9,077 9,071 9,064
2002
Nov.
Asset Sept. Oct. (p)
1 Deposits 150 89 77,671
Held in custody
2 U.S. Treasury securities (2) 644,381 647,165 669,092
3 Earnmarked gold (3) 9,057 9,050 9,045
(1.) Excludes deposits and U.S. Treasury securities held for
international and regional organizations
(2.) Marketable U.S. Treasury bills, notes, and bonds and
nonmarketable U.S. Treasury securities, in each case measured
at face (not market) value.
(3.) Held in foreign and international accounts and valued at $42.22
per fine troy ounce; not included in the gold stock of the United
States.
3.15 SELECTED U.S. LIABILITIES TO FOREIGN OFFICIAL INSTITUTIONS
Millions of dollars, end of period
2000 2000
Mar. Mar.
Item 1999 (6) (6) Dec.
1 Total (1) 806,318 829,290 958,725 975,304
By type
2 Liabilities reported by
banks in the United
States (2) 138,847 136,577 136,577 144,593
3 U.S. Treasury bills and
certificates (3) 156,177 164,781 164,781 153,010
U.S. Treasury bonds and
notes
4 Marketable 422,266 430,243 465,111 450,832
5 Nonmarketable (4) 6,111 5,734 5,734 5,348
6 U.S. securities other than
U.S. Treasury
securities (5) 82,917 91,955 186,522 221,521
By area
7 Europe (1) 244,805 251,815 238,548 240,325
8 Canada 12,503 13,683 15,016 13,727
9 Latin America and Caribbean 73,518 77,195 70,884 70,442
10 Asia 463,703 474,269 612,116 626,017
11 Africa 7,523 7,979 13,504 14,690
12 Other countries 4,266 4,349 8,655 10,101
2001 2002
Item Dec. June July
1 Total (1) 987,572 1,043,292 1,048,087
By type
2 Liabilities reported by
banks in the United
States (2) 123,429 148,908 143,142
3 U.S. Treasury bills and
certificates (3) 161,719 176,178 188,486
U.S. Treasury bonds and
notes
4 Marketable 454,306 455,003 449,735
5 Nonmarketable (4) 3,411 3,000 3,020
6 U.S. securities other than
U.S. Treasury
securities (5) 244,707 260,203 263,704
By area
7 Europe (1) 243,452 253,985 256,539
8 Canada 13,440 11,095 10,682
9 Latin America and Caribbean 71,103 64,378 62,709
10 Asia 635,180 687,645 692,309
11 Africa 15,167 15,102 15,233
12 Other countries 9,228 11,085 10,613
2002
Sept.
Item Aug. (p)
1 Total (1) 1,048,440 1,051,612
By type
2 Liabilities reported by
banks in the United
States (2) 137,236 144,084
3 U.S. Treasury bills and
certificates (3) 189,301 185,688
U.S. Treasury bonds and
notes
4 Marketable 450,370 446,859
5 Nonmarketable (4) 3,040 3,058
6 U.S. securities other than
U.S. Treasury
securities (5) 268,493 271,923
By area
7 Europe (1) 255,244 260,393
8 Canada 10,886 10,213
9 Latin America and Caribbean 61,887 62,094
10 Asia 693,332 692,806
11 Africa 15,257 14,514
12 Other countries 11,832 11,590
(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 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.
(6.) Data in the two columns shown for this date reflect different
benchmark bases for foreigners' holdings of selected U.S. long-term
securities. Figures in the first column are comparable to those for
earlier dates; figures in the second column are based in part on a
benchmark survey as of end-March 2000 and are comparable to those
shown for following dates.
SOURCE. Based on U.S. Department of the Treasury data and on data
reported to the Treasury by banks (including Federal Reserve Banks)
and securities dealers in the United States, and in periodic benchmark
surveys of foreign portfolio investment in the United States.
3.16 LIABILITIES TO, AND CLAIMS ON, FOREIGNERS Reported
by Banks in the United States (1)
Payable in Foreign Currencies
Millions of dollars, end of period
Item 1998 1999 2000
1 Banks' liabilities 101,125 88,537 77,779
2 Banks' claims 78,162 67,365 56,912
3 Deposits 45,985 34,426 23,315
4 Other claims 32,177 32,939 33,597
5 Claims of banks' domestic
customers (2) 20,718 20,826 24,411
2001 2002
Item Sept. Dec. Mar. June
1 Banks' liabilities 92,557 89,627 78,238 93,228
2 Banks' claims 69,116 75,872 80,095 93,274
3 Deposits 36,364 45,382 50,313 56,045
4 Other claims 32,752 30,490 29,782 37,229
5 Claims of banks' domestic
customers (2) 20,885 17,631 16,454 16,005
(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.
Bank-Reported Data
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 1999 2000 2001
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,408,740 1,511,410 1,655,381
2 Banks' own liabilities 971,536 1,077,636 1,180,417
3 Demand deposits 42,884 33,365 33,603
4 Time deposits (2) 163,620 187,883 155,466
5 Other (3) 155,853 171,401 199,727
6 Own foreign offices (4) 609,179 684,987 791,621
7 Banks' custodial liabilities
(5) 437,204 433,774 474,964
8 U.S. Treasury bills and
certificates (6) 185,676 177,846 188,028
9 Short-term agency securities
(7) n.a. n.a. 65,534
10 Other negotiable and readily
transferable instruments
(8) 132,617 145,840 91,147
11 Other 118,911 110,088 130,255
12 Nonmonetary international and
regional organizations (9) 15,276 12,542 10,807
13 Banks' own liabilities 14,357 12,140 10,169
14 Demand deposits 98 41 35
15 Time deposits (2) 10,349 6,246 3,756
16 Other (3) 3,910 5,853 6,378
17 Banks' custodial liabilities
(5) 919 402 638
18 U.S. Treasury bills and
certificates (6) 680 252 577
19 Short-term agency
securities (7) n.a. n.a. 40
20 Other negotiable and
readily transferable
instruments (8) 233 149 21
21 Other 6 1 0
22 Official institutions (10) 295,024 297,603 285,148
23 Banks' own liabilities 97,615 96,989 83,828
24 Demand deposits 3,341 3,952 2,988
25 Time deposits (2) 28,942 35,573 19,467
26 Other (3) 65,332 57,464 61,373
27 Banks' custodial liabilities
(5) 197,409 200,614 201,320
28 U.S. Treasury bills and
certificates (6) 156,177 153,010 161,719
29 Short-term agency
securities (7) n.a. n.a. 36,351
30 Other negotiable and
readily transferable
instruments (8) 41,182 47,366 2,180
31 Other 50 238 1,070
32 Banks (11) 900,379 972,932 1,071,951
33 Banks' own liabilities 728,492 821,306 913,813
34 Unaffiliated foreign banks 119,313 136,319 122,192
35 Demand deposits 17,583 15,522 13,091
36 Time deposits (2) 48,140 66,904 53,105
37 Other (3) 53,590 53,893 55,996
38 Own foreign offices (4) 609,179 684,987 791,621
39 Banks' custodial liabilities
(5) 171,887 151,626 158,138
40 U.S. Treasury bills and
certificates (6) 16,796 16,023 13,477
41 Short-term agency
securities (7) n.a. n.a. 7,831
42 Other negotiable and
readily transferable
instruments (8) 45,695 36,036 33,102
43 Other 109,396 99,567 103,728
44 Other foreigners 198,061 228,333 287,475
45 Banks' own liabilities 131,072 147,201 172,607
46 Demand deposits 21,862 13,850 17,489
47 Time deposits (2) 76,189 79,160 79,138
48 Other (3) 33,021 54,191 75,980
49 Banks' custodial liabilities
(5) 66,989 81,132 114,868
50 U.S. Treasury bills and
certificates (6) 12,023 8,561 12,255
51 Short-term agency securities
(7) n.a. n.a. 21,312
52 Other negotiable and readily
transferable instruments
(8) 45,507 62,289 55,844
53 Other 9,459 10,282 25,457
MEMO
54 Negotiable time certificates
of deposits in custody for
foreigners 30,345 34,217 20,440
55 Repurchase agreements (7) n.a. n.a. 150,806
AREA OR COUNTRY
56 Total, all foreigners 1,408,740 1,511,410 1,655,381
57 Foreign countries 1,393,464 1,498,867 1,644,574
58 Europe 441,810 446,788 521,331
59 Austria 2,789 2,692 2,922
60 Belgium (12) 44,692 33,399 6,557
61 Denmark 2,196 3,000 3,626
62 Finland 1,658 1,411 1,446
63 France 49,790 37,833 49,056
64 Germany 24,753 35,519 22,375
65 Greece 3,748 2,011 2,307
66 Italy 6,775 5,072 6,354
67 Luxembourg (12) n.a. n.a. 16,894
68 Netherlands 8,143 7,047 12,411
69 Norway 1,327 2,305 3,727
70 Portugal 2,228 2,403 4,033
71 Russia 5,475 19,018 20,800
72 Spain 10,426 7,787 8,811
73 Sweden 4,652 6,497 3,375
74 Switzerland 63,485 74,635 66,403
75 Turkey 7,842 7,548 7,474
76 United Kingdom 172,687 167,757 204,396
77 Channel Islands and Isle of
Man (13) n.a. n.a. 36,059
78 Yugoslavia (14) 286 276 309
79 Other Europe and other
former U.S.S.R. (15) 28,858 30,578 41,996
80 Canada 34,214 30,982 27,247
81 Latin America 117,495 120,041 118,016
82 Argentina 18,633 19,451 10,704
83 Brazil 12,865 10,852 14,169
84 Chile 7,008 5,892 4,939
85 Colombia 5,669 4,542 4,695
86 Ecuador 1,956 2,112 2,390
87 Guatemala 1,626 1,601 1,882
88 Mexico 30,717 32,166 39,870
89 Panama 4,415 4,240 3,610
90 Peru 1,142 1,427 1,359
91 Uruguay 2,386 3,003 3,164
92 Venezuela 20,192 24,730 24,974
93 Other Latin America (16) 10,886 10,025 6,260
94 Caribbean 461,200 573,337 665,866
95 Bahamas 135,811 189,298 179,208
96 Bermuda 7,874 9,636 10,539
97 British West Indies (17) 312,278 367,197 n.a.
98 Cayman Islands (17) n.a. n.a. 458,268
99 Cuba 75 90 88
100 Jamaica 520 794 1,182
10l Netherlands Antilles 4,047 5,428 3,264
102 Trinidad and Tobago 595 894 1,269
103 Other Caribbean (16) n.a. n.a. 12,048
104 Asia 319,489 305,554 294,496
China
105 Mainland 12,325 16,531 10,498
106 Taiwan 13,603 17,352 17,633
107 Hong Kong 27,701 26,462 26,494
108 India 7,367 4,530 3,708
109 Indonesia 6,567 8,514 12,383
110 Israel 7,488 8,053 7,870
111 Japan 159,075 150,415 155,314
112 Korea (South) 12,988 7,955 9,019
113 Philippines 3,268 2,316 1,772
114 Thailand 6,050 3,117 4,743
115 Middle Eastern oil-exporting
countries (18) 21,314 23,763 20,035
116 Other 41,743 36,546 25,027
117 Africa 9,468 10,824 11,365
118 Egypt 2,022 2,621 2,778
119 Morocco 179 139 274
120 South Africa 1,495 1,010 839
121 Congo (formerly Zaire) 14 4 4
122 Oil-exporting countries (19) 2,914 4,052 4,377
123 Other 2,844 2,998 3,093
124 Other countries 9,788 11,341 6,253
125 Australia 8,377 10,070 5,599
126 New Zealand (20) n.a. n.a. 242
127 All other 1,411 1,271 412
128 Nonmonetary international and
regional organizations 15,276 12,543 10,807
129 International (21) 12,876 11,270 9,308
130 Latin American regional (22) 1,150 740 480
131 Other regional (23) 1,250 533 935
2002
Item Mar. Apr. May
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,660,955 1,690,356 1,714,564
2 Banks' own liabilities 1,168,062 1,208,236 1,218,557
3 Demand deposits 36,471 31,392 32,060
4 Time deposits (2) 141,730 139,284 136,391
5 Other (3) 209,517 224,885 235,758
6 Own foreign offices (4) 780,344 812,675 814,348
7 Banks' custodial liabilities
(5) 492,893 482,120 496,007
8 U.S. Treasury bills and
certificates (6) 189,640 183,012 191,266
9 Short-term agency securities
(7) 68,670 69,525 75,157
10 Other negotiable and readily
transferable instruments
(8) 93,771 95,378 94,061
11 Other 140,812 134,205 135,523
12 Nonmonetary international and
regional organizations (9) 12,127 14,441 12,129
13 Banks' own liabilities 10,935 13,427 11,756
14 Demand deposits 22 19 14
15 Time deposits (2) 7,024 6,194 6,730
16 Other (3) 3,889 7,214 5,012
17 Banks' custodial liabilities
(5) 1,192 1,014 373
18 U.S. Treasury bills and
certificates (6) 1,105 970 328
19 Short-term agency
securities (7) 21 21 18
20 Other negotiable and
readily transferable
instruments (8) 21 21 27
21 Other 45 2 0
22 Official institutions (10) 285,689 288,927 301,552
23 Banks' own liabilities 79,553 83,948 86,402
24 Demand deposits 2,651 1,827 2,002
25 Time deposits (2) 14,197 15,331 15,514
26 Other (3) 62,705 66,790 68,886
27 Banks' custodial liabilities
(5) 206,136 204,979 215,150
28 U.S. Treasury bills and
certificates (6) 161,312 155,770 162,516
29 Short-term agency
securities (7) 40,826 45,910 49,374
30 Other negotiable and
readily transferable
instruments (8) 2,785 2,702 2,455
31 Other 1,213 597 805
32 Banks (11) 1,082,790 1,103,022 1,113,832
33 Banks' own liabilities 907,999 936,200 940,930
34 Unaffiliated foreign banks 127,655 123,525 126,582
35 Demand deposits 16,361 12,185 12,875
36 Time deposits (2) 45,304 43,727 41,364
37 Other (3) 65,990 67,613 72,343
38 Own foreign offices (4) 780,344 812,675 814,348
39 Banks' custodial liabilities
(5) 174,791 166,822 172,902
40 U.S. Treasury bills and
certificates (6) 11,374 13,016 14,442
41 Short-term agency
securities (7) 7,399 3,456 6,924
42 Other negotiable and
readily transferable
instruments (8) 36,832 37,267 37,377
43 Other 119,186 113,083 114,159
44 Other foreigners 280,349 283,966 287,051
45 Banks' own liabilities 169,575 174,661 179,469
46 Demand deposits 17,437 17,361 17,169
47 Time deposits (2) 75,205 74,032 72,783
48 Other (3) 76,933 83,268 89,517
49 Banks' custodial liabilities
(5) 110,774 109,305 107,582
50 U.S. Treasury bills and
certificates (6) 15,849 13,256 13,980
51 Short-term agency securities
(7) 20,424 20,138 18,841
52 Other negotiable and readily
transferable instruments
(8) 54,133 55,388 54,202
53 Other 20,368 20,523 20,559
MEMO
54 Negotiable time certificates
of deposits in custody for
foreigners 21,498 24,061 22,587
55 Repurchase agreements (7) 128,168 141,443 154,803
AREA OR COUNTRY
56 Total, all foreigners 1,660,955 1,690,356 1,714,564
57 Foreign countries 1,648,828 1,675,916 1,702,435
58 Europe 520,279 541,083 539,824
59 Austria 3,144 3,363 3,096
60 Belgium (12) 7,921 6,607 6,723
61 Denmark 2,852 2,801 3,455
62 Finland 1,682 1,239 1,198
63 France 35,160 36,396 36,174
64 Germany 25,664 25,584 26,643
65 Greece 2,560 2,285 2,700
66 Italy 5,356 4,948 4,620
67 Luxembourg (12) 14,005 13,967 14,893
68 Netherlands 13,729 11,030 12,045
69 Norway 7,703 6,470 7,681
70 Portugal 5,416 5,051 4,905
71 Russia 21,423 22,113 24,211
72 Spain 9,406 10,737 9,764
73 Sweden 3,412 2,495 5,677
74 Switzerland 107,645 129,007 114,220
75 Turkey 11,515 11,671 11,216
76 United Kingdom 162,629 164,217 172,034
77 Channel Islands and Isle of
Man (13) 38,013 38,070 38,602
78 Yugoslavia (14) 296 265 273
79 Other Europe and other
former U.S.S.R. (15) 40,748 42,767 39,694
80 Canada 28,251 26,228 24,434
81 Latin America 112,933 111,661 110,009
82 Argentina 11,622 11,795 11,653
83 Brazil 14,628 14,076 12,892
84 Chile 5,299 6,326 6,643
85 Colombia 4,159 4,226 4,273
86 Ecuador 2,269 2,342 2,294
87 Guatemala 1,812 1,782 1,335
88 Mexico 35,700 34,879 35,250
89 Panama 3,350 3,336 3,273
90 Peru 1,548 1,225 1,270
91 Uruguay 2,913 2,648 2,410
92 Venezuela 22,937 22,380 22,333
93 Other Latin America (16) 6,696 6,646 6,383
94 Caribbean 663,045 673,108 698,131
95 Bahamas 171,415 164,499 172,604
96 Bermuda 10,238 11,096 13,419
97 British West Indies (17) n.a. n.a. n.a.
98 Cayman Islands (17) 464,461 478,218 493,272
99 Cuba 89 90 93
100 Jamaica 1,115 1,047 996
10l Netherlands Antilles 3,800 5,745 3,312
102 Trinidad and Tobago 1,406 1,791 1,634
103 Other Caribbean (16) 10,521 10,622 12,801
104 Asia 303,928 306,459 312,668
China
105 Mainland 16,723 22,336 22,410
106 Taiwan 20,352 24,371 21,733
107 Hong Kong 22,307 24,613 27,275
108 India 4,478 4,045 4,980
109 Indonesia 11,220 11,875 12,623
110 Israel 9,600 9,541 8,965
111 Japan 166,222 157,689 161,589
112 Korea (South) 5,568 5,972 6,592
113 Philippines 1,530 1,671 1,544
114 Thailand 5,432 4,940 5,060
115 Middle Eastern oil-exporting
countries (18) 16,693 15,453 18,128
116 Other 23,803 23,953 21,769
117 Africa 11,762 11,645 11,664
118 Egypt 3,857 3,606 3,605
119 Morocco 127 234 230
120 South Africa 800 636 683
121 Congo (formerly Zaire) 1 6 7
122 Oil-exporting countries (19) 3,911 3,828 3,561
123 Other 3,066 3,335 3,578
124 Other countries 8,630 5,732 5,705
125 Australia 7,632 4,801 4,706
126 New Zealand (20) 443 533 510
127 All other 555 398 489
128 Nonmonetary international and
regional organizations 12,127 14,441 12,129
129 International (21) 9,874 12,262 10,851
130 Latin American regional (22) 731 954 644
131 Other regional (23) 1,441 1,158 550
2002
Item June July
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,731,188 1,708,496 (r)
2 Banks' own liabilities 1,198,097 1,178,301 (r)
3 Demand deposits 34,600 32,558
4 Time deposits (2) 130,408 123,892
5 Other (3) 257,097 257,097 (r)
6 Own foreign offices (4) 795,662 764,754
7 Banks' custodial liabilities
(5) 533,091 530,195 (r)
8 U.S. Treasury bills and
certificates (6) 208,279 222,361
9 Short-term agency securities
(7) 83,613 67,985
10 Other negotiable and readily
transferable instruments
(8) 96,154 102,518 (r)
11 Other 145,045 137,331 (r)
12 Nonmonetary international and
regional organizations (9) 11,568 11,495
13 Banks' own liabilities 11,138 10,993
14 Demand deposits 32 15
15 Time deposits (2) 6,401 7,394
16 Other (3) 4,705 3,584
17 Banks' custodial liabilities
(5) 430 502
18 U.S. Treasury bills and
certificates (6) 407 481
19 Short-term agency
securities (7) 0 0
20 Other negotiable and
readily transferable
instruments (8) 23 21
21 Other 0 0
22 Official institutions (10) 325,086 331,628
23 Banks' own liabilities 92,972 93,555
24 Demand deposits 1,707 2,146
25 Time deposits (2) 14,551 13,458
26 Other (3) 76,714 77,951
27 Banks' custodial liabilities
(5) 232,114 238,073
28 U.S. Treasury bills and
certificates (6) 176,178 188,486
29 Short-term agency
securities (7) 51,634 45,257
30 Other negotiable and
readily transferable
instruments (8) 3,280 3,496
31 Other 1,022 834
32 Banks (11) 1,102,180 1,054,340 (r)
33 Banks' own liabilities 913,776 875,065 (r)
34 Unaffiliated foreign banks 118,114 110,311 (r)
35 Demand deposits 14,620 12,790
36 Time deposits (2) 37,094 31,780
37 Other (3) 66,400 65,741 (r)
38 Own foreign offices (4) 795,662 764,754
39 Banks' custodial liabilities
(5) 188,404 179,275 (r)
40 U.S. Treasury bills and
certificates (6) 16,110 17,497
41 Short-term agency
securities (7) 12,439 2,876
42 Other negotiable and
readily transferable
instruments (8) 36,557 43,466 (r)
43 Other 123,298 115,436 (r)
44 Other foreigners 292,354 311,033 (r)
45 Banks' own liabilities 180,211 198,688 (r)
46 Demand deposits 18,241 17,607
47 Time deposits (2) 72,362 71,260
48 Other (3) 89,608 109,821 (r)
49 Banks' custodial liabilities
(5) 112,143 112,345
50 U.S. Treasury bills and
certificates (6) 15,584 15,897
51 Short-term agency securities
(7) 19,540 19,852
52 Other negotiable and readily
transferable instruments
(8) 56,294 55,535
53 Other 20,725 21,061
MEMO
54 Negotiable time certificates
of deposits in custody for
foreigners 27,490 28,027 (r)
55 Repurchase agreements (7) 159,627 180,775
AREA OR COUNTRY
56 Total, all foreigners 1,731,188 1,708,496 (r)
57 Foreign countries 2,719,620 1,697,462 (r)
58 Europe 529,742 525,065
59 Austria 3,563 2,862
60 Belgium (12) 6,066 6,462
61 Denmark 3,416 3,507
62 Finland 1,197 3,503
63 France 35,390 39,809
64 Germany 25,188 27,754
65 Greece 3,570 2,815
66 Italy 4,694 3,914
67 Luxembourg (12) 15,469 15,237
68 Netherlands 10,439 9,568
69 Norway 11,164 14,540
70 Portugal 4,616 3,496
71 Russia 25,060 24,189
72 Spain 11,032 10,394
73 Sweden 4,176 4,815
74 Switzerland 99,588 85,247
75 Turkey 9,908 10,701
76 United Kingdom 175,785 175,246
77 Channel Islands and Isle of
Man (13) 38,735 39,286
78 Yugoslavia (14) 267 279
79 Other Europe and other
former U.S.S.R. (15) 40,419 41,441
80 Canada 24,075 26,361 (r)
81 Latin America 105,982 105,697 (r)
82 Argentina 11,356 11,297
83 Brazil 12,968 12,537
84 Chile 6,121 6,394 (r)
85 Colombia 4,010 3,872
86 Ecuador 2,259 2,324
87 Guatemala 1,319 1,323
88 Mexico 32,440 33,301 (r)
89 Panama 3,894 3,143
90 Peru 1,417 1,502
91 Uruguay 2,373 1,885
92 Venezuela 21,738 21,771
93 Other Latin America (16) 6,087 6,348
94 Caribbean 704,615 695,375 (r)
95 Bahamas 179,725 160,784
96 Bermuda 15,646 18,372
97 British West Indies (17) n.a. n.a.
98 Cayman Islands (17) 488,069 493,720 (r)
99 Cuba 96 92
100 Jamaica 924 931
10l Netherlands Antilles 3,757 3,950
102 Trinidad and Tobago 1,593 1,691
103 Other Caribbean (16) 14,805 15,835
104 Asia 336,488 326,469 (r)
China
105 Mainland 20,779 18,106 (r)
106 Taiwan 23,480 19,068
107 Hong Kong 29,018 30,713
108 India 7,061 7,370 (r)
109 Indonesia 13,871 13,589
110 Israel 8,954 9,757
111 Japan 179,654 176,445
112 Korea (South) 6,826 7,038
113 Philippines 1,754 2,080
114 Thailand 5,966 4,591
115 Middle Eastern oil-exporting
countries (18) 16,582 15,467
116 Other 22,543 22,245 (r)
117 Africa 11,830 12,103
118 Egypt 3,672 3,411
119 Morocco 307 265
120 South Africa 685 724
121 Congo (formerly Zaire) n.a. 1
122 Oil-exporting countries (19) 3,522 3,757
123 Other 3,644 3,945
124 Other countries 6,888 6,392
125 Australia 6,031 5,422
126 New Zealand (20) 494 613
127 All other 363 357
128 Nonmonetary international and
regional organizations 11,568 11,495
129 International (21) 10,490 10,097
130 Latin American regional (22) 342 386
131 Other regional (23) 645 894
2002
Sept.
Item Aug. (p)
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,764,944 (r) 1,750,090
2 Banks' own liabilities 1,224,641 (r) 1,215,962
3 Demand deposits 31,428 32,026
4 Time deposits (2) 124,995 (r) 119,823
5 Other (3) 261,964 (r) 277,600
6 Own foreign offices (4) 806,254 786,513
7 Banks' custodial liabilities
(5) 540,303 (r) 534,128
8 U.S. Treasury bills and
certificates (6) 225,605 222,218
9 Short-term agency securities
(7) 68,968 71,177
10 Other negotiable and readily
transferable instruments
(8) 105,331 (r) 104,735
11 Other 140,399 (r) 135,998
12 Nonmonetary international and
regional organizations (9) 10,540 11,596
13 Banks' own liabilities 9,986 10,808
14 Demand deposits 34 52
15 Time deposits (2) 6,294 5,502
16 Other (3) 3,658 5,254
17 Banks' custodial liabilities
(5) 554 788
18 U.S. Treasury bills and
certificates (6) 532 764
19 Short-term agency
securities (7) 0 0
20 Other negotiable and
readily transferable
instruments (8) 22 18
21 Other 0 6
22 Official institutions (10) 326,537 (r) 329,772
23 Banks' own liabilities 86,999 (r) 96,271
24 Demand deposits 1,946 1,900
25 Time deposits (2) 14,388 (r) 13,258
26 Other (3) 70,665 81,113
27 Banks' custodial liabilities
(5) 239,538 233,501
28 U.S. Treasury bills and
certificates (6) 189,301 185,688
29 Short-term agency
securities (7) 45,208 44,161
30 Other negotiable and
readily transferable
instruments (8) 3,834 2,708
31 Other 1,195 944
32 Banks (11) 1,097,956 (r) 1,082,524
33 Banks' own liabilities 914,010 901,120
34 Unaffiliated foreign banks 107,756 114,607
35 Demand deposits 11,804 11,391
36 Time deposits (2) 33,899 30,886
37 Other (3) 62,053 72,330
38 Own foreign offices (4) 806,254 786,513
39 Banks' custodial liabilities
(5) 183,946 (r) 181,404
40 U.S. Treasury bills and
certificates (6) 17,737 17,095
41 Short-term agency
securities (7) 2,975 6,819
42 Other negotiable and
readily transferable
instruments (8) 45,169 (r) 43,688
43 Other 118,065 (r) 113,802
44 Other foreigners 329,911 (r) 326,198
45 Banks' own liabilities 213,646 (r) 207,763
46 Demand deposits 17,644 18,683
47 Time deposits (2) 70,414 70,177
48 Other (3) 125,588 (r) 118,903
49 Banks' custodial liabilities
(5) 116,265 118,435
50 U.S. Treasury bills and
certificates (6) 18,035 18,671
51 Short-term agency securities
(7) 20,785 20,197
52 Other negotiable and readily
transferable instruments
(8) 56,306 58,321
53 Other 21,139 21,246
MEMO
54 Negotiable time certificates
of deposits in custody for
foreigners 28,215 (r) 28,267
55 Repurchase agreements (7) 192,299 (r) 205,171
AREA OR COUNTRY
56 Total, all foreigners 1,764,944 (r) 1,750,090
57 Foreign countries 1,754,805 (r) 1,738,493
58 Europe 547,362 (r) 569,557
59 Austria 3,537 3,081
60 Belgium (12) 6,270 (r) 8,389
61 Denmark 4,090 3,141
62 Finland 1,498 1,259
63 France 35,447 37,915
64 Germany 27,046 31,197
65 Greece 2,677 2,612
66 Italy 3,440 3,493
67 Luxembourg (12) 15,682 (r) 16,156
68 Netherlands 11,522 11,004
69 Norway 10,047 17,747
70 Portugal 3,055 3,695
71 Russia 24,196 (r) 25,252
72 Spain 12,423 12,596
73 Sweden 5,709 4,137
74 Switzerland 101,660 105,283
75 Turkey 12,393 12,786
76 United Kingdom 183,129 (r) 182,595
77 Channel Islands and Isle of
Man (13) 38,069 38,846
78 Yugoslavia (14) 276 280
79 Other Europe and other
former U.S.S.R. (15) 45,196 48,093
80 Canada 24,607 (r) 24,832
81 Latin America 106,416 (r) 104,104
82 Argentina 11,432 11,179
83 Brazil 12,051 11,583
84 Chile 5,798 5,494
85 Colombia 3,718 4,509
86 Ecuador 2,266 2,374
87 Guatemala 1,384 1,535
88 Mexico 34,916 (r) 32,486
89 Panama 3,154 3,225
90 Peru 1,353 1,369
91 Uruguay 2,614 2,613
92 Venezuela 21,547 21,355
93 Other Latin America (16) 6,183 6,382
94 Caribbean 733,923 (r) 699,584
95 Bahamas 172,812 165,955
96 Bermuda 21,962 21,895
97 British West Indies (17) n.a. n.a.
98 Cayman Islands (17) 510,929 (r) 493,619
99 Cuba 99 92
100 Jamaica 948 932
10l Netherlands Antilles 10,548 4,391
102 Trinidad and Tobago 1,803 1,562
103 Other Caribbean (16) 14,822 11,138
104 Asia 322,787 (r) 321,947
China
105 Mainland 18,808 14,621
106 Taiwan 20,103 21,726
107 Hong Kong 26,971 27,604
108 India 7,240 (r) 7,488
109 Indonesia 13,805 13,098
110 Israel 7,952 11,619
111 Japan 174,319 170,143
112 Korea (South) 6,845 6,562
113 Philippines 1,572 2,064
114 Thailand 5,113 5,044
115 Middle Eastern oil-exporting
countries (18) 16,668 17,228
116 Other 23,391 24,750
117 Africa 12,128 11,145
118 Egypt 3,179 2,538
119 Morocco 307 329
120 South Africa 777 777
121 Congo (formerly Zaire) n.a. 86
122 Oil-exporting countries (19) 3,940 3,670
123 Other 3,925 3,745
124 Other countries 7,582 (r) 7,324
125 Australia 6,523 (r) 5,931
126 New Zealand (20) 644 869
127 All other 415 524
128 Nonmonetary international and
regional organizations 10,542 11,597
129 International (21) 9,422 9,367
130 Latin American regional (22) 402 394
131 Other regional (23) 643 1,766
(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 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.) Data available beginning January 2001.
(8.) Principally bankers acceptances, commercial paper, and
negotiable time certificates of deposit.
(9.) Principally the International Bank for Reconstruction and
Development, the Inter-American Development Bank, and the Asian
Development Bank. Excludes "holdings of dollars" of the
International Monetary Fund.
(10.) Foreign central banks, foreign central governments, and
the Bank for International Settlements.
(11.) Excludes central banks, which are included in "Official
institutions."
(12.) Before January 2001, data for Belgium-Luxembourg were combined.
(13.) Before January 2001, these data were included in data reported
for the United Kingdom.
(14.) Since December 1992, has excluded Bosnia, Croatia, and Slovenia.
(15.) Includes the Bank for International Settlements and the
European Central Bank. Since December 1992, has included all parts
of the former U.S.S.R. (except Russia), and Bosnia, Croatia, and
Slovenia.
(16.) Before January 2001, data for "Other Latin America" and
"Other Caribbean" were combined in "Other Latin America and
Caribbean."
(17.) Beginning January 2001, data for the Cayman Islands replaced
data for the British West Indies.
(18.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi
Arabia, and United Arab Emirates (Trucial States).
(19.) Comprises Algeria, Gabon, Libya, and Nigeria.
(20.) Before January 2001, these data were included in "All other."
(21.) Principally the International Bank for Reconstruction
and Development. Excludes "holdings of dollars" of the
International Monetary Fund.
(22.) Principally the Inter-American Development Bank.
(23.) Asian, African, Middle Eastern, and European regional
organizations, except the Bank for International Settlements,
which is included in "Other Europe."
3.18 BANKS' OWN CLAIMS ON FOREIGNERS
Reported by Banks in the United States (1)
Payable in U.S. dollars
Millions of dollars, end of period
2002
Area or country 1999 2000 2001 Mar.
1 Total, all foreigners 793,139 904,642 1,055,169 1,062,040
2 Foreign countries 788,576 899,956 1,050,223 1,056,527
3 Europe 311,686 378,115 461,276 490,587
4 Austria 2,643 2,926 5,006 4,199
5 Belgium (2) 10,193 5,399 6,366 4,849
6 Denmark 1,669 3,272 1,105 1,545
7 Finland 2,020 7,382 10,350 14,469
8 France 29,142 40,035 60,670 55,184
9 Germany 29,205 36,834 29,902 33,395
10 Greece 806 646 330 357
11 Italy 8,496 7,629 4,205 5,101
12 Luxembourg (2) n.a. n.a. 1,267 3,414
13 Netherlands 11,810 17,043 15,927 15,498
14 Norway 1,000 5,012 6,249 7,026
15 Portugal 1,571 1,382 1,603 1,795
16 Russia 713 517 594 1,659
17 Spain 3,796 2,603 3,260 4,847
18 Sweden 3,264 9,226 12,544 12,008
19 Switzerland 79,158 82,085 87,333 115,388
20 Turkey 2,617 3,059 2,124 3,154
21 United Kingdom 115,971 144,938 201,201 196,007
22 Channel Islands and
Isle of Man (3) n.a. n.a. 4,478 3,836
23 Yugoslavia (4) 50 50 n.a. n.a.
24 Other Europe and
other former
U.S.S.R. (5) 7,562 8,077 6,762 6,856
25 Canada 37,206 39,837 54,421 56,897
26 Latin America 74,040 76,561 69,762 69,505
27 Argentina 10,894 11,519 10,763 9,892
28 Brazil 16,987 20,567 19,434 19,837
29 Chile 6,607 5,815 5,317 5,399
30 Colombia 4,524 4,370 3,602 3,711
31 Ecuador 760 635 495 478
32 Guatemala 1,135 1,244 1,495 1,413
33 Mexico 17,899 17,415 16,522 17,081
34 Panama 3,387 2,933 3,061 2,799
35 Peru 2,529 2,807 2,185 2,048
36 Uruguay 801 673 447 503
37 Venezuela 3,494 3,518 3,077 3,463
38 Other Latin
America (6) 5,023 5,065 3,364 2,881
39 Caribbean 281,128 319,403 370,945 348,912
40 Bahamas 99,066 114,090 101,034 98,079
41 Bermuda 8,007 9,260 7,900 7,770
42 British West
Indies (7) 167,189 189,289 n.a. n.a.
43 Cayman Islands (7) n.a. n.a. 250,376 231,341
44 Cuba 0 0 n.a. n.a.
45 Jamaica 295 355 418 418
46 Netherlands Antilles 5,982 5,801 6,729 7,137
47 Trinidad and Tobago 589 608 931 971
48 Other Caribbean (6) n.a. n.a. 3,557 3,196
49 Asia 75,143 77,829 85,882 82,774
China
50 Mainland 2,110 1,606 2,073 4,161
51 Taiwan 1,390 2,247 4,407 4,531
52 Hong Kong 5,903 6,669 9,995 6,499
53 India 1,738 2,178 1,348 1,225
54 Indonesia 1,776 1,914 1,752 1,701
55 Israel 1,875 2,729 4,396 2,875
56 Japan 28,641 34,974 34,125 31,333
57 Korea (South) 9,426 7,776 10,622 13,865
58 Philippines 1,410 1,784 2,587 2,065
59 Thailand 1,515 1,381 2,499 1,467
60 Middle Eastern
oil-exporting
countries (8) 14,267 9,346 7,882 9,239
61 Other 5,092 5,225 4,196 3,813
62 Africa 2,268 2,094 2,095 2,108
63 Egypt 258 201 416 358
64 Morocco 352 204 106 88
65 South Africa 622 309 710 786
66 Congo (formerly
Zaire) 24 0 n.a. n.a.
67 Oil-exporting
countries (9) 276 471 167 211
68 Other 736 909 696 665
69 Other countries 7,105 6,117 5,842 5,744
70 Australia 6,824 5,868 5,455 4,972
71 New Zealand (10) n.a. n.a. 349 762
72 All other 281 249 38 10
73 Nonmonetary
international
and regional
organizations (11) 4,563 4,686 4,946 5,513
2002
Area or country Apr. May June
1 Total, all foreigners 1,103,935 1,089,474 1,110,469
2 Foreign countries 1,099,790 1,084,700 1,106,223
3 Europe 527,756 511,409 504,174
4 Austria 3,431 3,558 3,963
5 Belgium (2) 4,387 4,019 5,197
6 Denmark 1,122 1,062 1,248
7 Finland 13,092 14,279 16,517
8 France 58,004 58,207 58,766
9 Germany 34,281 29,033 28,891
10 Greece 364 354 330
11 Italy 5,036 4,050 4,378
12 Luxembourg (2) 3,453 3,552 3,547
13 Netherlands 16,892 16,294 16,440
14 Norway 6,572 8,301 8,526
15 Portugal 2,083 1,594 1,780
16 Russia 951 826 1,145
17 Spain 3,484 3,130 3,081
18 Sweden 11,589 13,348 13,814
19 Switzerland 150,258 137,532 119,244
20 Turkey 3,012 2,953 2,662
21 United Kingdom 198,660 198,194 203,627
22 Channel Islands and
Isle of Man (3) 3,755 3,835 4,246
23 Yugoslavia (4) 2 1 n.a.
24 Other Europe and
other former
U.S.S.R. (5) 7,328 7,287 6,772
25 Canada 57,078 57,451 60,593
26 Latin America 69,524 65,502 66,851
27 Argentina 9,722 9,235 11,019
28 Brazil 20,138 18,797 19,019
29 Chile 5,226 4,950 4,874
30 Colombia 3,643 3,516 3,266
31 Ecuador 495 519 500
32 Guatemala 1,329 905 882
33 Mexico 17,356 16,448 16,266
34 Panama 2,764 2,751 2,599
35 Peru 2,019 1,923 1,833
36 Uruguay 477 357 324
37 Venezuela 3,472 3,353 3,337
38 Other Latin
America (6) 2,883 2,748 2,932
39 Caribbean 345,459 360,258 374,459
40 Bahamas 94,279 107,269 108,369
41 Bermuda 9,722 8,380 11,088
42 British West
Indies (7) n.a. n.a. n.a.
43 Cayman Islands (7) 231,683 234,758 243,369
44 Cuba n.a. n.a. n.a.
45 Jamaica 413 408 361
46 Netherlands Antilles 5,390 5,578 6,859
47 Trinidad and Tobago 935 834 862
48 Other Caribbean (6) 3,037 3,031 3,551
49 Asia 91,687 83,143 92,344
China
50 Mainland 6,044 4,857 6,047
51 Taiwan 3,349 3,261 6,520
52 Hong Kong 6,457 5,350 5,596
53 India 1,276 1,414 1,462
54 Indonesia 1,677 1,564 1,571
55 Israel 4,413 3,747 3,411
56 Japan 37,787 32,937 36,394
57 Korea (South) 15,020 13,326 14,856
58 Philippines 1,718 1,332 1,995
59 Thailand 752 716 730
60 Middle Eastern
oil-exporting
countries (8) 9,143 9,555 9,061
61 Other 4,051 5,084 4,701
62 Africa 1,967 1,877 2,069
63 Egypt 333 337 418
64 Morocco 85 85 79
65 South Africa 672 559 649
66 Congo (formerly
Zaire) n.a. n.a. n.a.
67 Oil-exporting
countries (9) 234 247 232
68 Other 643 649 691
69 Other countries 6,319 5,060 5,733
70 Australia 5,692 4,633 5,272
71 New Zealand (10) 586 406 455
72 All other 41 21 6
73 Nonmonetary
international
and regional
organizations (11) 4,147 4,774 4,246
2002
Area or country July Aug. Sept. (p)
1 Total, all foreigners 1,048,408 (r) 1,086,297 (r) 1,066,847
2 Foreign countries 1,043,772 (r) 1,082,050 (r) 1,064,205
3 Europe 464,552 483,076 472,534
4 Austria 4,046 4,297 (r) 4,336
5 Belgium (2) 7,126 5,140 (r) 4,689
6 Denmark 856 1,546 1,483
7 Finland 13,718 16,230 15,812
8 France 59,104 51,798 51,281
9 Germany 26,156 26,072 23,544
10 Greece 393 438 408
11 Italy 5,568 4,442 4,942
12 Luxembourg (2) 3,526 3,067 2,847
13 Netherlands 13,679 18,232 17,740
14 Norway 9,433 10,578 11,036
15 Portugal 1,995 1,823 2,006
16 Russia 867 842 801
17 Spain 3,336 3,589 4,675
18 Sweden 14,932 14,618 14,293
19 Switzerland 87,969 106,281 103,964
20 Turkey 2,410 2,515 2,474
21 United Kingdom 198,151 202,178 195,942
22 Channel Islands and
Isle of Man (3) 4,962 5,076 5,926
23 Yugoslavia (4) n.a. n.a. n.a.
24 Other Europe and
other former
U.S.S.R. (5) 6,325 4,314 4,335
25 Canada 63,237 60,310 62,836
26 Latin America 63,194 62,214 60,367
27 Argentina 8,202 8,090 7,663
28 Brazil 18,512 17,945 17,266
29 Chile 4,949 4,960 5,118
30 Colombia 3,216 3,158 3,078
31 Ecuador 462 479 467
32 Guatemala 871 861 925
33 Mexico 16,349 16,015 15,805
34 Panama 2,466 2,433 1,959
35 Peru 1,748 1,649 1,599
36 Uruguay 314 527 345
37 Venezuela 3,306 3,291 3,301
38 Other Latin
America (6) 2,799 2,806 2,841
39 Caribbean 345,580 367,915 347,755
40 Bahamas 96,886 95,704 91,296
41 Bermuda 11,723 11,847 11,304
42 British West
Indies (7) n.a. n.a. n.a.
43 Cayman Islands (7) 225,681 248,107 234,285
44 Cuba n.a. n.a. n.a.
45 Jamaica 350 353 463
46 Netherlands Antilles 6,387 7,334 6,194
47 Trinidad and Tobago 881 877 916
48 Other Caribbean (6) 3,672 3,693 3,297
49 Asia 99,551 (r) 100,484 (r) 112,308
China
50 Mainland 7,832 5,904 7,256
51 Taiwan 6,954 (r) 7,443 8,656
52 Hong Kong 6,614 (r) 6,531 8,481
53 India 1,083 1,293 1,258
54 Indonesia 1,553 1,457 1,426
55 Israel 4,647 4,952 5,067
56 Japan 35,947 (r) 37,559 45,091
57 Korea (South) 18,065 (r) 18,961 (r) 17,394
58 Philippines 1,857 1,593 2,134
59 Thailand 1,160 1,175 1,841
60 Middle Eastern
oil-exporting
countries (8) 8,960 8,975 8,619
61 Other 4,879 4,641 5,085
62 Africa 1,914 1,887 1,891
63 Egypt 405 324 332
64 Morocco 77 72 58
65 South Africa 545 601 576
66 Congo (formerly
Zaire) n.a. n.a. n.a.
67 Oil-exporting
countries (9) 227 247 303
68 Other 660 643 622
69 Other countries 5,744 6,164 6,514
70 Australia 5,345 5,616 5,710
71 New Zealand (10) 392 541 791
72 All other 7 7 13
73 Nonmonetary
international
and regional
organizations (11) 4,636 4,247 2,642
(1.) Reporting banks include all types of depository institutions as
well as some brokers and dealers.
(2.) Before January 2001, combined data reported for
Belgium--Luxembourg.
(3.) Before January 2001, data included in United Kingdom.
(4.) Since December 1992, has excluded Bosnia, Croatia, and Slovenia.
(5.) Includes the Bank for International Settlements and European
Central Bank. Since December 1992, has included all parts of the
former U.S.S.R. (except Russia) and Bosnia, Croatia, and Slovenia.
(6.) Before January 2001, "Other Latin America" and "Other Caribbean"
were reported as combined "Other Latin America and Caribbean."
(7.) Beginning 2001, Cayman Islands replaced British West Indies in
the data series.
(8.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(9.) Comprises Algeria, Gabon, Libya, and Nigeria.
(10.) Before January 2001, included in "All other."
(11.) Excludes the Bank for International Settlements, which is
included in "Other Europe."
3.19 BANKS' OWN AND DOMESTIC CUSTOMERS' CLAIMS ON FOREIGNERS
Reported by Banks in the United States (1)
Payable in U.S. dollars
Millions of dollars, end of period
Type of claim 1999 2000 2001
1 Total 944,937 1,095,869 1,257,548
2 Banks' claims 793,139 904,642 1,055,169
3 Foreign public borrowers 35,090 37,907 49,486
4 Own foreign offices (2) 529,682 630,137 749,124
5 Unaffilliated foreign
banks 97,186 95,243 100,367
6 Deposits 34,538 23,886 26,189
7 Other 62,648 71,357 74,178
8 All other foreigners 131,181 141,355 156,192
9 Claims of banks' domestic
customers (3) 151,798 191,227 202,379
10 Deposits 88,006 100,352 92,546
11 Negotiable and readily
transferable
instruments (4) 51,161 78,147 94,016
12 Outstanding collections
and other claims 12,631 12,728 15,817
MEMO
13 Customer liability on
acceptances 4,553 4,257 2,588
14 Banks' loans under resale
agreements (5) n.a. n.a. 137,655
15 Dollar deposits in banks
abroad, reported by
nonbanking business
enterprises in the
United States (6) 31,125 53,153 60,711
2002
Type of claim Mar. Apr. May
1 Total 1,262,395 ... ...
2 Banks' claims 1,062,040 1,103,935 1,089,474
3 Foreign public borrowers 55,562 52,772 49,524
4 Own foreign offices (2) 754,029 787,312 782,182
5 Unaffilliated foreign
banks 95,127 95,081 89,279
6 Deposits 26,306 22,778 21,598
7 Other 68,821 72,303 67,681
8 All other foreigners 157,322 168,770 168,489
9 Claims of banks' domestic
customers (3) 200,355 ... ...
10 Deposits 87,634 ... ...
11 Negotiable and readily
transferable
instruments (4) 98,050 ... ...
12 Outstanding collections
and other claims 14,671 ... ...
MEMO
13 Customer liability on
acceptances 2,139 ... ...
14 Banks' loans under resale
agreements (5) 117,383 137,154 134,901
15 Dollar deposits in banks
abroad, reported by
nonbanking business
enterprises in the
United States (6) 61,417 57,884 48,488
2002
Type of claim June July
1 Total 1,317,275 ...
2 Banks' claims 1,110,469 1,048,408 (r)
3 Foreign public borrowers 51,042 61,151
4 Own foreign offices (2) 793,226 720,252 (r)
5 Unaffilliated foreign
banks 92,444 91,946
6 Deposits 24,012 24,449
7 Other 68,432 67,497
8 All other foreigners 173,757 175,059
9 Claims of banks' domestic
customers (3) 206,806 ...
10 Deposits 86,353 ...
11 Negotiable and readily
transferable
instruments (4) 106,740 ...
12 Outstanding collections
and other claims 13,713 ...
MEMO
13 Customer liability on
acceptances 2,353 ...
14 Banks' loans under resale
agreements (5) 152,383 162,975
15 Dollar deposits in banks
abroad, reported by
nonbanking business
enterprises in the
United States (6) 62,161 57,552
2002
Type of claim Aug. Sept. (p)
1 Total ... ...
2 Banks' claims 1,086,297 (r) 1,066,847
3 Foreign public borrowers 61,541 61,284
4 Own foreign offices (2) 758,173 (r) 734,073
5 Unaffilliated foreign
banks 86,225 94,106
6 Deposits 19,051 24,210
7 Other 67,174 69,896
8 All other foreigners 180,358 177,384
9 Claims of banks' domestic
customers (3) ... ...
10 Deposits ... ...
11 Negotiable and readily
transferable
instruments (4) ... ...
12 Outstanding collections
and other claims ... ...
MEMO
13 Customer liability on
acceptances ... ...
14 Banks' loans under resale
agreements (5) 164,355 159,725
15 Dollar deposits in banks
abroad, reported by
nonbanking business
enterprises in the
United States (6) 52,982 52,382
(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 and bankers
acceptances, and commercial paper.
(5.) Data available beginning January 2001.
(6.) Includes demand and time deposits and negotiable and
nonnegotiable certificates of deposit denominated in U.S. dollars
issued by banks abroad.
3.20 BANKS' OWN CLAIMS ON UNAFFILIATED FOREIGNERS
Reported by Banks in the United States (1)
Payable in U.S. dollars
Millions of dollars, end of period
2001
Maturity, by
borrower and area (2) 1998 1999 2000 Sept.
1 Total 250,418 267,082 274,009 298,924
By borrower
2 Maturity of one year or less 186,526 187,894 186,103 178,458
3 Foreign public borrowers 13,671 22,811 21,399 19,994
4 All other foreigners 172,855 165,083 164,704 158,464
5 Maturity of more than one
year 63,892 79,188 87,906 120,466
6 Foreign public borrowers 9,839 12,013 15,838 25,844
7 All other foreigners 54,053 67,175 72,068 94,622
By area
Maturity of one year or less
8 Europe 68,679 80,842 142,464 70,700
9 Canada 10,968 7,859 8,323 7,897
10 Latin America and
Caribbean 81,766 69,498 151,840 75,562
11 Asia 18,007 21,802 43,371 19,381
12 Africa 1,835 1,122 2,263 707
13 All other (3) 5,271 6,771 11,717 4,211
Maturity of more than one
year
14 Europe 14,923 22,951 57,770 41,597
15 Canada 3,140 3,192 3,174 4,292
16 Latin America and
Caribbean 33,442 39,051 82,684 52,651
17 Asia 10,018 11,257 19,536 17,491
18 Africa 1,232 1,065 1,567 798
19 All other (3) 1,137 1,672 5,954 3,637
2001 2002
Maturity, by
borrower and area (2) Dec. Mar. June
1 Total 305,020 304,274 311,790
By borrower
2 Maturity of one year or less 200,097 188,573 202,995
3 Foreign public borrowers 27,293 26,725 26,490
4 All other foreigners 172,804 161,848 176,505
5 Maturity of more than one
year 104,923 115,701 108,795
6 Foreign public borrowers 21,324 26,936 22,690
7 All other foreigners 83,599 88,765 86,105
By area
Maturity of one year or less
8 Europe 83,090 79,694 82,238
9 Canada 10,072 7,763 8,060
10 Latin America and
Caribbean 70,648 69,178 78,788
11 Asia 29,693 24,554 28,389
12 Africa 1,104 1,124 918
13 All other (3) 5,490 6,260 4,602
Maturity of more than one
year
14 Europe 34,067 39,813 34,877
15 Canada 3,633 3,362 3,349
16 Latin America and
Caribbean 47,382 48,744 51,291
17 Asia 15,190 19,444 14,916
18 Africa 769 669 856
19 All other (3) 3,882 3,669 3,506
(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
2000
Area or country 1998 1999 June Sept. Dec.
1 Total 1,051.6 945.5 991.0 954.4 1,027.3
2 G-10 countries and
Switzerland 217.7 243.4 313.6 280.3 300.7
3 Belgium and Luxembourg 10.7 14.3 13.9 13.0 14.2
4 France 18.4 29.0 32.6 29.0 29.6
5 Germany 30.9 38.7 31.5 37.6 45.1
6 Italy 11.5 18.1 20.5 18.6 21.3
7 Netherlands 7.8 12.3 16.0 17.5 18.4
8 Sweden 2.3 3.0 3.5 4.3 3.6
9 Switzerland 8.5 10.3 13.8 10.9 13.2
10 United Kingdom 85.4 79.3 138.2 112.8 115.6
11 Canada 16.8 16.3 18.2 18.5 16.7
12 Japan 25.4 22.1 25.4 18.1 23.0
13 Other industrialized
countries 69.0 68.4 75.3 73.7 74.5
14 Austria 1.4 3.5 2.8 3.5 4.1
15 Denmark 2.2 2.6 1.2 1.8 1.9
16 Finland 1.4 .9 1.2 2.8 1.5
17 Greece 5.9 6.0 6.7 6.4 8.3
18 Norway 3.2 3.3 4.6 8.5 8.3
19 Portugal 1.4 1.0 2.0 1.5 2.0
20 Spain 13.7 12.1 12.2 10.5 10.3
21 Turkey 4.8 4.8 5.6 5.6 5.9
22 Other Western Europe 10.4 6.8 7.9 8.3 6.5
23 South Africa 4.4 3.8 4.6 4.2 3.6
24 Australia 20.3 23.5 26.3 20.5 22.1
25 OPEC (2) 27.1 31.4 32.1 31.4 28.9
26 Ecuador 1.3 .8 .7 .6 .6
27 Venezuela 3.2 2.8 2.9 2.9 2.5
28 Indonesia 4.7 4.2 4.1 4.4 4.6
29 Middle East countries 17.0 23.1 23.8 22.4 20.3
30 African countries 1.0 .5 .7 1.2 .8
31 Non-OPEC developing
countries 143.4 149.4 158.1 149.5 145.5
Latin America
32 Argentina 23.1 23.2 21.6 21.4 21.4
33 Brazil 24.7 27.7 28.3 28.5 28.8
34 Chile 8.3 7.4 8.1 7.3 7.6
35 Colombia 3.2 2.5 2.4 2.4 2.4
36 Mexico 18.9 18.7 20.4 17.5 15.7
37 Peru 2.2 1.7 2.1 2.1 2.0
38 Other 5.4 5.9 6.7 6.2 6.3
Asia
China
39 Mainland 3.0 3.6 3.8 3.4 2.9
40 Taiwan 13.3 12.0 12.6 12.8 10.8
41 India 5.5 7.7 8.2 5.8 9.1
42 Israel 1.1 1.8 1.5 1.1 2.7
43 Korea (South) 13.7 15.2 21.7 21.4 15.5
44 Malaysia 5.6 6.1 6.8 6.9 7.1
45 Philippines 5.1 6.2 5.3 4.7 5.1
46 Thailand 4.7 4.1 4.0 3.9 4.0
47 Other Asia 2.9 2.9 1.9 1.7 1.9
Africa
48 Egypt 1.3 1.4 1.3 1.1 1.1
49 Morocco .5 .3 .3 .4 .3
50 Zaire .0 .0 .0 .0 .0
51 Other Africa (3) 1.0 1.0 .9 .8 .7
52 Eastern Europe 5.5 5.2 9.4 9.0 10.1
53 Russia (4) 2.2 1.6 1.5 1.4 1.0
54 Other 3.3 3.6 7.9 7.6 9.1
55 Offshore banking centers 93.9 59.9 60.6 59.4 76.3
56 Bahamas 35.4 13.7 8.8 9.3 13.5
57 Bermuda 4.6 8.0 6.3 6.3 9.0
58 Cayman Islands and
other British West
Indies 12.8 1.3 5.1 5.9 14.6
59 Netherlands Antilles 2.6 1.7 2.6 1.9 1.9
60 Panama (5) 3.9 3.9 3.3 2.5 3.2
61 Lebanon .1 .1 .1 .1 .1
62 Hong Kong, China 23.3 21.0 20.7 20.6 18.7
63 Singapore 11.1 10.1 13.6 12.6 15.2
64 Other (6) .2 .1 .1 .1 .2
65 Miscellaneous and
unallocated (7) 495.1 387.9 342.1 351.1 391.2
2001
Area or country Mar. June Sept.
1 Total 1,141.1 1,137.0 1,282.1 (r)
2 G-10 countries and
Switzerland 334.6 336.3 291.8
3 Belgium and Luxembourg 15.2 13.0 14.3
4 France 30.0 35.8 34.4
5 Germany 45.0 51.4 40.9
6 Italy 20.3 23.6 22.6
7 Netherlands 22.1 18.6 20.7
8 Sweden 4.7 4.7 5.1
9 Switzerland 13.7 13.3 12.8
10 United Kingdom 140.2 126.2 93.8
11 Canada 15.4 21.3 20.3
12 Japan 28.0 28.3 26.8
13 Other industrialized
countries 75.2 70.0 70.6
14 Austria 3.8 3.6 4.4
15 Denmark 3.1 2.7 2.7
16 Finland 1.4 1.2 1.3
17 Greece 4.1 3.6 3.6
18 Norway 10.2 7.9 6.2
19 Portugal 1.9 1.4 1.4
20 Spain 12.4 12.4 13.7
21 Turkey 5.0 4.5 4.1
22 Other Western Europe 7.1 6.9 7.2
23 South Africa 4.1 3.8 4.4
24 Australia 21.9 22.1 21.6
25 OPEC (2) 27.9 27.1 27.4
26 Ecuador .6 .6 .6
27 Venezuela 2.7 2.6 2.6
28 Indonesia 4.4 4.2 4.0
29 Middle East countries 19.7 19.3 19.9
30 African countries .5 .4 .4
31 Non-OPEC developing
countries 150.1 157.6 201.6
Latin America
32 Argentina 20.9 19.8 19.2
33 Brazil 29.4 30.9 30.9
34 Chile 7.3 7.0 6.4
35 Colombia 2.4 2.4 2.5
36 Mexico 16.7 16.3 60.0
37 Peru 2.0 2.0 1.9
38 Other 8.6 8.3 8.1
Asia
China
39 Mainland 3.2 6.7 5.9
40 Taiwan 11.2 10.7 10.8
41 India 6.5 11.8 14.1
42 Israel 2.2 2.0 3.2
43 Korea (South) 19.9 19.3 19.3
44 Malaysia 6.5 6.7(r) 6.1
45 Philippines 5.2 5.4 5.2
46 Thailand 4.2 4.2 3.9
47 Other Asia 1.7 1.8 1.6
Africa
48 Egypt 1.2 1.2 1.4
49 Morocco .3 .3 .3
50 Zaire .0 .0 .0
51 Other Africa (3) .7 .7 .8
52 Eastern Europe 9.5 9.5 10.2
53 Russia (4) 1.5 1.5 1.6
54 Other 8.0 8.0 8.5
55 Offshore banking centers 71.4 58.1 73.1 (r)
56 Bahamas 7.0 .0 1.1
57 Bermuda 7.9 5.7 7.6
58 Cayman Islands and
other British West
Indies 13.6 11.9 21.8 (r)
59 Netherlands Antilles 2.9 1.7 5.8
60 Panama (5) 3.8 3.4 3.5
61 Lebanon .1 .1 .1
62 Hong Kong, China 21.5 22.3 17.9
63 Singapore 14.6 12.9 15.2
64 Other (6) .1 .1 .0
65 Miscellaneous and
unallocated (7) 472.4 478.6 607.6
2001 2002
Area or country Dec. Mar. June
1 Total 913.0 (r) 798.5 (r) 865.5
2 G-10 countries and
Switzerland 406.4 (r) 324.6 (r) 348.2
3 Belgium and Luxembourg 19.1 16.4 17.0
4 France 39.1 33.4 42.3
5 Germany 42.9 49.2 52.1
6 Italy 20.9 19.0 20.3
7 Netherlands 19.3 23.7 20.9
8 Sweden 5.3 5.5 6.2
9 Switzerland 12.4 13.5 14.0
10 United Kingdom 195.2 (r) 111.8 (r) 120.5
11 Canada 19.1 16.9 (r) 18.3
12 Japan 33.1 35.3 36.7
13 Other industrialized
countries 70.5 (r) 69.9 78.4
14 Austria 4.8 5.1 5.7
15 Denmark 2.6 3.5 2.9
16 Finland 1.1 2.1 1.5
17 Greece 3.2 3.3 3.7
18 Norway 8.1 9.0 10.6
19 Portugal 1.6 1.8 1.8
20 Spain 12.1 12.1 13.3
21 Turkey 3.9 5.3 4.3
22 Other Western Europe 8.3 8.4 9.0
23 South Africa 4.1 3.3 3.5
24 Australia 20.6 15.9 22.2
25 OPEC (2) 27.3 27.5 26.7
26 Ecuador .6 .6 .6
27 Venezuela 2.4 2.4 2.2
28 Indonesia 3.7 3.6 3.3
29 Middle East countries 20.3 20.6 20.2
30 African countries .3 .3 .4
31 Non-OPEC developing
countries 203.3 195.9 196.0
Latin America
32 Argentina 19.2 12.8 12.3
33 Brazil 28.0 26.6 24.8
34 Chile 7.0 7.1 7.1
35 Colombia 2.5 2.4 2.4
36 Mexico 68.2 67.1 63.5
37 Peru 1.8 1.5 1.5
38 Other 8.9 7.9 7.4
Asia
China
39 Mainland 5.0 7.0 8.6
40 Taiwan 12.2 12.6 16.1
41 India 6.9 6.3 5.9
42 Israel 3.7 2.4 2.4
43 Korea (South) 18.5 22.4 24.4
44 Malaysia 6.7 6.4 6.3
45 Philippines 5.6 5.4 5.3
46 Thailand 5.1 4.0 3.5
47 Other Asia 1.9 1.9 2.0
Africa
48 Egypt 1.2 1.3 1.5
49 Morocco .1 .1 .1
50 Zaire .0 .0 .0
51 Other Africa (3) .7 .7 .8
52 Eastern Europe 10.1 10.6 12.8
53 Russia (4) 1.6 2.8 2.8
54 Other 8.5 7.9 10.0
55 Offshore banking centers 72.0 56.6 90.6
56 Bahamas 7.5 7.5 10.9
57 Bermuda 7.6 8.1 12.7
58 Cayman Islands and
other British West
Indies 16.4 5.0 27.8
59 Netherlands Antilles 2.8 3.3 2.8
60 Panama (5) 3.2 3.3 3.2
61 Lebanon .1 .1 .2
62 Hong Kong, China 18.9 15.7 16.5
63 Singapore 15.5 13.5 16.6
64 Other (6) .1 .0 .0
65 Miscellaneous and
unallocated (7) 123.4 113.4 112.9
(1.) The banking offices covered by these data include U.S. offices and
foreign branches of U.S. banks, including U.S. banks that are
subsidiaries of foreign banks. Offices not covered include U.S.
agencies and branches of foreign banks. Beginning March 1994, the data
include large foreign subsidiaries of U.S. banks. The data also include
other types of U.S. depository institutions as well as some types of
brokers and dealers. To eliminate duplication, the data are adjusted to
exclude the claims on foreign branches held by a U.S. office or another
foreign branch of the same banking institution.
These data are on a gross claims basis and do not necessarily reflect
the ultimate country risk or exposure of U.S. banks. More complete data
on the country risk exposure of U.S. banks are available in the
quarterly Country Exposure Lending Survey published by the Federal
Financial Institutions Examination Council.
(2.) Organization of Petroleum Exporting Countries, shown individually;
other members of OPEC (Algeria, Gabon, Iran, Iraq, Kuwait, Libya,
Nigeria, Qatar, Saudi Arabia, and United Arab Emirates), and Bahrain
and Oman (not formally members of OPEC).
(3.) Excludes Liberia. Beginning March 1994 includes Namibia.
(4.) As of December 1992, excludes other republics of the former Soviet
Union.
(5.) Includes Canal Zone.
(6.) Foreign branch claims only.
(7.) Includes New Zealand, Liberia, and international and regional
organizations.
Nonbank-Reported Data
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 1998 1999 2000
1 Total 46,570 53,044 73,904
2 Payable in dollars 36,668 37,605 48,931
3 Payable in foreign currencies 9,902 15,415 24,973
By type
4 Financial liabilities 19,255 27,980 47,419
5 Payable in dollars 10,371 13,883 25,246
6 Payable in foreign currencies 8,884 14,097 22,173
7 Commercial liabilities 27,315 25,064 26,485
8 Trade payables 10,978 12,857 14,293
9 Advance receipts and other liabilities 16,337 12,207 12,192
10 Payable in dollars 26,297 23,722 23,685
11 Payable in foreign currencies 1,018 1,318 2,800
By area or country
Financial liabilities
12 Europe 12,589 23,241 34,172
13 Belgium and Luxembourg 79 31 147
14 France 1,097 1,659 1,480
15 Germany 2,063 1,974 2,168
16 Netherlands 1,406 1,996 2,016
17 Switzerland 155 147 104
18 United Kingdom 5,980 16,521 26,362
19 Canada 693 284 411
20 Latin America and Caribbean 1,495 892 4,125
21 Bahamas 7 1 6
22 Bermuda 101 5 1,739
23 Brazil 152 126 148
24 British West Indies 957 492 406
25 Mexico 59 25 26
26 Venezuela 2 0 2
27 Asia 3,785 3,437 7,965
28 Japan 3,612 3,142 6,216
29 Middle Eastern oil-exporting
countries (1) 0 4 11
30 Africa 28 28 52
31 Oil-exporting countries (2) 0 0 0
32 All other (3) 665 98 694
Commercial liabilities
33 Europe 10,030 9,262 9,629
34 Belgium and Luxembourg 278 140 293
35 France 920 672 979
36 Germany 1,392 1,131 1,047
37 Netherlands 429 507 300
38 Switzerland 499 626 502
39 United Kingdom 3,697 3,071 2,847
40 Canada 1,390 1,775 1,933
41 Latin America and Caribbean 1,618 2,310 2,381
42 Bahamas 14 22 31
43 Bermuda 198 152 281
44 Brazil 152 145 114
45 British West Indies 10 48 76
46 Mexico 347 887 841
47 Venezuela 202 305 284
48 Asia 12,342 9,886 10,983
49 Japan 3,827 2,609 2,757
50 Middle Eastern oil-exporting 2,852 2,551 2,832
countries (1)
51 Africa 794 950 948
52 Oil-exporting countries (2) 393 499 483
53 Other (3) 1,141 881 614
2001
Type of liability,
and area or country Mar. June Sept.
1 Total 73,655 68,028 53,526
2 Payable in dollars 46,526 41,734 35,347
3 Payable in foreign currencies 27,129 26,294 18,179
By type
4 Financial liabilities 47,808 41,908 27,502
5 Payable in dollars 23,201 17,655 11,415
6 Payable in foreign currencies 24,607 24,253 16,087
7 Commercial liabilities 25,847 26,120 26,024
8 Trade payables 12,481 13,127 11,740
9 Advance receipts and other liabilities 13,366 12,993 14,284
10 Payable in dollars 23,325 24,079 23,932
11 Payable in foreign currencies 2,522 2,041 2,092
By area or country
Financial liabilities
12 Europe 37,422 32,785 22,083
13 Belgium and Luxembourg 112 98 76
14 France 1,553 1,222 1,538
15 Germany 2,624 2,463 1,994
16 Netherlands 2,169 1,763 1,998
17 Switzerland 103 93 92
18 United Kingdom 28,812 25,363 14,819
19 Canada 718 628 436
20 Latin America and Caribbean 3,632 2,100 414
21 Bahamas 18 40 5
22 Bermuda 1,837 461 47
23 Brazil 26 21 22
24 British West Indies 1,657 1,508 243
25 Mexico 31 20 24
26 Venezuela 1 1 3
27 Asia 5,324 5,639 3,869
28 Japan 4,757 3,297 3,442
29 Middle Eastern oil-exporting
countries (1) 15 8 9
30 Africa 38 61 59
31 Oil-exporting countries (2) 0 0 5
32 All other (3) 674 695 672
Commercial liabilities
33 Europe 8,792 8,723 8,855
34 Belgium and Luxembourg 251 297 160
35 France 689 665 892
36 Germany 982 1,017 966
37 Netherlands 349 343 343
38 Switzerland 623 697 683
39 United Kingdom 2,542 2,706 2,296
40 Canada 1,625 1,957 1,569
41 Latin America and Caribbean 2,166 2,293 2,879
42 Bahamas 5 31 44
43 Bermuda 280 367 570
44 Brazil 239 279 312
45 British West Indies 64 21 28
46 Mexico 792 762 884
47 Venezuela 243 218 242
48 Asia 11,542 11,384 11,114
49 Japan 2,431 2,377 2,421
50 Middle Eastern oil-exporting
countries (1) 3,359 3,087 3,053
51 Africa 1,072 1,115 938
52 Oil-exporting countries (2) 566 539 471
53 Other (3) 650 648 669
2001 2002
Type of liability,
and area or country Dec. Mar. June
1 Total 66,718 74,035 70,696
2 Payable in dollars 42,957 46,805 48,620
3 Payable in foreign currencies 23,761 27,230 22,076
By type
4 Financial liabilities 41,034 45,588 42,365
5 Payable in dollars 18,763 20,122 21,892
6 Payable in foreign currencies 22,271 25,466 20,473
7 Commercial liabilities 25,684 28,447 28,331
8 Trade payables 11,820 14,872 14,193
9 Advance receipts and other liabilities 13,864 13,575 14,138
10 Payable in dollars 24,194 26,683 26,728
11 Payable in foreign currencies 1,490 1,764 1,603
By area or country
Financial liabilities
12 Europe 31,806 38,697 34,682
13 Belgium and Luxembourg 154 119 120
14 France 2,841 3,531 4,071
15 Germany 2,344 2,802 2,622
16 Netherlands 1,954 1,951 1,939
17 Switzerland 94 84 61
18 United Kingdom 22,852 28,180 23,859
19 Canada 955 942 946
20 Latin America and Caribbean 2,858 1,547 1,832
21 Bahamas 157 5 5
22 Bermuda 960 836 626
23 Brazil 35 35 38
24 British West Indies 1,627 612 1,000
25 Mexico 36 27 25
26 Venezuela 2 1 5
27 Asia 5,042 4,010 4,491
28 Japan 3,269 3,299 2,387
29 Middle Eastern oil-exporting
countries (1) 10 15 14
30 Africa 53 122 120
31 Oil-exporting countries (2) 5 91 91
32 All other (3) 320 270 294
Commercial liabilities
33 Europe 9,230 8,372 8,735
34 Belgium and Luxembourg 99 105 96
35 France 735 701 860
36 Germany 908 584 551
37 Netherlands 1,163 463 692
38 Switzerland 790 637 776
39 United Kingdom 2,280 2,747 2,754
40 Canada 1,633 1,798 2,043
41 Latin America and Caribbean 2,729 3,454 2,727
42 Bahamas 52 23 12
43 Bermuda 591 433 403
44 Brazil 290 277 320
45 British West Indies 45 67 46
46 Mexico 901 1,457 959
47 Venezuela 166 281 205
48 Asia 10,532 12,969 12,951
49 Japan 2,592 4,281 4,301
50 Middle Eastern oil-exporting
countries (1) 2,642 3,142 3,204
51 Africa 836 976 951
52 Oil-exporting countries (2) 436 454 409
53 Other (3) 724 878 924
(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
2001
Type of claim,
and area or country 1998 1999 2000 Mar. June
1 Total 77,462 76,669 90,157 107,705 97,470
2 Payable in dollars 72,171 69,170 79,558 94,932 87,690
3 Payable in foreign
currencies 5,291 7,472 10,599 12,773 9,780
By type
4 Financial claims 46,260 40,231 53,031 74,255 61,891
5 Deposits 30,199 18,566 23,374 25,419 25,381
6 Payable in dollars 28,549 16,373 21,015 23,244 23,174
7 Payable in foreign
currencies 1,650 2,193 2,359 2,175 2,207
8 Other financial
claims 16,061 21,665 29,657 48,836 36,510
9 Payable in dollars 14,049 18,593 25,142 41,417 32,038
10 Payable in foreign
currencies 2,012 3,072 4,515 7,419 4,472
11 Commercial claims 31,202 36,438 37,126 33,450 35,579
12 Trade receivables 27,202 32,629 33,104 28,958 30,631
13 Advance payments and
other claims 4,000 3,809 4,022 4,492 4,948
14 Payable in dollars 29,573 34,204 33,401 30,271 32,478
15 Payable in foreign
currencies 1,629 2,207 3,725 3,179 3,101
By area or country
Financial claims
16 Europe 12,294 13,023 23,136 31,855 23,975
17 Belgium and
Luxembourg 661 529 296 430 262
18 France 864 967 1,206 3,142 1,376
19 Germany 304 504 848 1,401 1,163
20 Netherlands 875 1,229 1,396 2,313 1,072
21 Switzerland 414 643 699 613 653
22 United Kingdom 7,766 7,561 15,900 20,938 15,913
23 Canada 2,503 2,553 4,576 4,847 4,787
24 Latin America and
Caribbean 27,714 18,206 19,317 28,791 24,403
25 Bahamas 403 1,593 1,353 561 818
26 Bermuda 39 11 19 1,729 426
27 Brazil 835 1,476 1,827 1,648 1,877
28 British West
Indies 24,388 12,099 12,596 21,227 17,505
29 Mexico 1,245 1,798 2,448 2,461 2,633
30 Venezuela 55 48 87 38 66
31 Asia 3,027 5,457 4,697 7,215 6,829
32 Japan 1,194 3,262 1,631 3,867 1,698
33 Middle Eastern
oil-exporting
countries (1) 9 23 80 86 76
34 Africa 159 286 411 430 476
35 Oil-exporting
countries (2) 16 15 57 42 35
36 All other (3) 563 706 894 1,117 1,421
Commercial claims
37 Europe 13,246 16,389 15,938 13,775 14,469
38 Belgium and
Luxembourg 238 316 452 395 403
39 France 2,171 2,236 3,095 3,479 3,190
40 Germany 1,822 1,960 1,982 1,586 1,993
41 Netherlands 467 1,429 1,729 757 863
42 Switzerland 483 610 763 634 473
43 United Kingdom 4,769 5,827 4,502 3,562 3,724
44 Canada 2,617 2,757 3,502 3,392 3,470
45 Latin America and
Caribbean 6,296 5,959 5,851 5,144 6,033
46 Bahamas 24 20 37 20 39
47 Bermuda 536 390 376 407 650
48 Brazil 1,024 905 957 975 1,363
49 British West
Indies 104 181 137 130 135
50 Mexico 1,545 1,678 1,507 1,350 1,375
51 Venezuela 401 439 328 292 321
52 Asia 7,192 9,165 9,630 8,985 9,499
53 Japan 1,681 2,074 2,796 2,560 3,148
54 Middle Eastern
oil-exporting
countries (1) 1,135 1,625 1,024 966 1,040
55 Africa 711 631 672 773 601
56 Oil-exporting
countries (2) 165 171 180 165 102
57 Other (3) 1,140 1,537 1,572 1,381 1,507
2001 2002
Type of claim,
and area or country Sept. Dec. Mar. June
1 Total 94,076 113,155 102,058 102,592
2 Payable in dollars 83,292 103,937 92,486 93,550
3 Payable in foreign
currencies 10,784 9,218 9,572 9,042
By type
4 Financial claims 60,015 81,287 71,696 73,623
5 Deposits 22,391 29,801 28,128 28,312
6 Payable in dollars 19,888 27,850 26,317 26,499
7 Payable in foreign
currencies 2,503 1,951 1,811 1,813
8 Other financial
claims 37,624 51,486 43,568 45,311
9 Payable in dollars 32,076 46,621 39,553 41,998
10 Payable in foreign
currencies 5,548 4,865 4,015 3,313
11 Commercial claims 34,061 31,868 30,362 28,969
12 Trade receivables 29,328 27,586 25,597 24,395
13 Advance payments and
other claims 4,733 4,282 4,765 4,574
14 Payable in dollars 31,328 29,466 26,616 25,053
15 Payable in foreign
currencies 2,733 2,402 3,746 3,916
By area or country
Financial claims
16 Europe 23,069 26,118 23,671 23,656
17 Belgium and
Luxembourg 372 625 751 797
18 France 1,682 1,450 1,801 2,312
19 Germany 1,112 1,068 941 1,302
20 Netherlands 954 2,138 1,820 1,847
21 Switzerland 665 589 308 295
22 United Kingdom 15,670 16,510 14,023 11,684
23 Canada 4,254 6,193 5,291 5,248
24 Latin America and
Caribbean 26,099 41,201 35,001 37,511
25 Bahamas 649 976 1,197 1,332
26 Bermuda 80 918 611 704
27 Brazil 2,065 2,127 1,892 2,036
28 British West
Indies 19,234 32,965 27,350 29,591
29 Mexico 2,910 3,075 2,777 2,823
30 Venezuela 80 83 79 60
31 Asia 5,274 6,430 6,489 5,826
32 Japan 1,761 1,604 2,009 1,093
33 Middle Eastern
oil-exporting
countries (1) 100 135 79 78
34 Africa 456 414 390 431
35 Oil-exporting
countries (2) 83 49 51 64
36 All other (3) 891 931 854 951
Commercial claims
37 Europe 14,381 14,036 12,708 11,897
38 Belgium and
Luxembourg 354 268 272 210
39 France 3,062 2,922 2,883 2,827
40 Germany 1,977 1,662 1,198 1,163
41 Netherlands 844 529 415 381
42 Switzerland 514 611 436 472
43 United Kingdom 3,571 3,839 3,579 3,395
44 Canada 3,116 2,855 2,760 2,755
45 Latin America and
Caribbean 5,590 4,874 4,891 4,659
46 Bahamas 35 42 42 28
47 Bermuda 526 369 422 215
48 Brazil 1,183 958 837 840
49 British West
Indies 124 95 73 26
50 Mexico 1,442 1,401 1,225 1,295
51 Venezuela 301 288 312 317
52 Asia 8,704 7,855 7,513 7,287
53 Japan 2,438 2,007 1,975 2,055
54 Middle Eastern
oil-exporting
countries (1) 919 851 657 886
55 Africa 838 645 630 611
56 Oil-exporting
countries (2) 170 88 109 94
57 Other (3) 1,432 1,603 1,860 1,760
(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.
Securities Holdings and Transactions
3.24 FOREIGN TRANSACTIONS IN SECURITIES
Millions of dollars
2002 2002
Transaction, and area Jan.-
or county 2000 2001 Sept. Mar.
U.S. corporate securities
STOCKS
1 Foreign purchases 3,605,196 3,051,332 2,379,615 286,549
2 Foreign sales 3,430,306 2,934,942 2,342,688 279,632
3 Net purchases, or
sales (-) 174,890 116,390 36,927 6,917
4 Foreign countries 174,903 116,187 37,010 6,932
5 Europe 164,656 88,099 21,251 6,810
6 France 5,727 5,914 738 405
7 Germany 31,752 8,415 -981 332
8 Netherlands 4,915 10,919 2,448 192
9 Switzerland 11,960 3,456 202 569
10 United Kingdom 58,736 38,493 10,772 3,110
11 Channel Islands and
Isle of Man (1) n.a. -698 -359 -113
12 Canada 5,956 10,984 6,328 598
13 Latin America and
Caribbean -17,812 -5,154 -13,097 302
14 Middle East (2) 9,189 1,789 -1,044 -901
15 Other Asia 12,494 20,726 20,830 245
16 Japan 2,070 6,788 14,687 1,002
17 Africa 415 -366 -17 -26
18 Other countries 5 109 2,759 -96
19 Nonmonetary interna-
tional and regional
organizations -11 203 -82 -15
BONDS (3)
20 Foreign purchases 1,208,386 1,942,386 1,865,868 219,825
21 Foreign sales 871,416 1,556,745 1,593,818 173,729
22 Net purchases, or
sales (-) 336,970 385,945 272,050 46,096
23 Foreign countries 337,074 385,380 272,426 46,275
24 Europe 180,917 195,412 120,185 21,125
25 France 2,216 5,028 2,786 578
26 Germany 4,067 12,362 3,245 1,545
27 Netherlands 1,130 1,538 -542 -173
28 Switzerland 3,973 5,721 7,222 -102
29 United Kingdom 141,223 152,772 80,883 16,381
30 Channel Islands and
Isle of Man (1) n.a. 2,000 3,076 309
31 Canada 13,287 4,595 1,223 869
32 Latin America and
Caribbean 59,444 77,019 65,534 13,133
33 Middle East (1) 2,076 2,338 1,743 377
34 Other Asia 78,794 106,400 79,743 10,321
35 Japan 39,356 33,687 27,564 -466
36 Africa 938 760 924 34
37 Other countries 1,618 -1,144 3,174 416
38 Nonmonetary interna-
tional and regional
organizations -70 566 -376 -179
Foreign securities
39 Stocks, net purchases,
or sales (-) -13,088 -50,133 7,177 5,503
40 Foreign purchases 1,802,185 1,397,664 974,907 116,435
41 Foreign sales 1,815,273 1,447,777 967,730 110,932
42 Bonds, net purchases,
or sales (-) -4,054 30,423 23,980 7,333
43 Foreign purchases 958,932 1,159,185 988,705 109,465
44 Foreign sales 962,986 1,128,762 964,725 102,132
45 Net purchases, or
sales (-), of stocks
and bonds -17,142 -19,690 31,157 12,836
46 Foreign countries -17,278 -19,102 31,247 12,931
47 Europe -25,386 -12,117 15,816 13,620
48 Canada -3,888 2,943 5,559 -764
49 Latin America and
Caribbean -15,688 4,245 3,495 1,353
50 Asia 24,488 -11,869 6,167 -949
51 Japan 20,970 -20,116 -469 -2,789
52 Africa 943 -557 -630 -72
53 Other countries 2,253 -1,747 842 -257
54 Nonmonetary interna-
tional and regional
organizations 150 -587 -92 -95
2002
Transaction, and area
or county Apr. May June
U.S. corporate securities
STOCKS
1 Foreign purchases 272,125 274,543 248,562
2 Foreign sales 264,298 274,889 244,549
3 Net purchases, or
sales (-) 7,827 -346 4,013
4 Foreign countries 7,834 -324 3,997
5 Europe 2,591 -2,548 -653
6 France 1,202 -1,270 -1,249
7 Germany 56 -48 -131
8 Netherlands -663 41 36
9 Switzerland 814 89 -710
10 United Kingdom -324 -1,829 1,117
11 Channel Islands and
Isle of Man (1) -63 -3 -2
12 Canada 1,262 546 373
13 Latin America and
Caribbean 1,989 -703 -673
14 Middle East (2) -273 -30 198
15 Other Asia 2,143 2,253 3,986
16 Japan 1,244 3,166 3,193
17 Africa -41 9 -1
18 Other countries 163 149 767
19 Nonmonetary interna-
tional and regional
organizations -7 -22 16
BONDS (3)
20 Foreign purchases 217,286 219,553 204,684
21 Foreign sales 175,072 174,562 171,729
22 Net purchases, or
sales (-) 42,214 44,991 32,955
23 Foreign countries 42,229 45,121 32,806
24 Europe 20,875 19,149 20,019
25 France 380 350 462
26 Germany 385 132 681
27 Netherlands 732 -49 -518
28 Switzerland 247 1,412 1,109
29 United Kingdom 15,540 15,309 13,022
30 Channel Islands and
Isle of Man (1) 20 92 -14
31 Canada 385 -193 923
32 Latin America and
Caribbean 8,487 15,618 2,936
33 Middle East (1) 9 -172 24
34 Other Asia 12,438 10,608 8,521
35 Japan 8,509 5,046 3,290
36 Africa 95 13 330
37 Other countries -60 98 53
38 Nonmonetary interna-
tional and regional
organizations -15 -130 149
Foreign securities
39 Stocks, net purchases,
or sales (-) -3,561 -7,297 -4,983
40 Foreign purchases 114,999 113,418 111,699
41 Foreign sales 118,560 121,345 116,682
42 Bonds, net purchases,
or sales (-) 461 6,871 5,730
43 Foreign purchases 99,383 124,357 118,365
44 Foreign sales 98,922 117,486 112,635
45 Net purchases, or
sales (-), of stocks
and bonds -3,100 -1,056 747
46 Foreign countries -3,204 -1,105 781
47 Europe -4,805 647 -4,639
48 Canada 1,565 56 2,240
49 Latin America and
Caribbean -1,106 -1,699 2,785
50 Asia 2,220 381 342
51 Japan 998 -518 -871
52 Africa -1,141 -118 8
53 Other countries 63 -372 45
54 Nonmonetary interna-
tional and regional
organizations 104 49 -34
2002
Transaction, and area Sept.
or county July Aug. (p)
U.S. corporate securities
STOCKS
1 Foreign purchases 318,210 257,264 206,699
2 Foreign sales 308,555 252,651 213,168
3 Net purchases, or
sales (-) 9,655 4,613 -6,469
4 Foreign countries 9,582 4,602 -6,454
5 Europe 3,205 3,830 -5,156
6 France 38 942 -936
7 Germany -595 -328 -1,175
8 Netherlands 1,440 900 -4
9 Switzerland -341 -306 -949
10 United Kingdom 1,829 2,801 -1,227
11 Channel Islands and
Isle of Man (1) 73 -47 -20
12 Canada 1,939 1,336 -774
13 Latin America and
Caribbean -1,318 -3,850 -2,902
14 Middle East (2) 43 -58 46
15 Other Asia 4,755 3,231 2,012
16 Japan 3,660 2,249 238
17 Africa 3 -34 36
18 Other countries 955 147 284
19 Nonmonetary interna-
tional and regional
organizations 73 11 -15
BONDS (3)
20 Foreign purchases 221,223 221,413 211,616
21 Foreign sales 205,574 189,475 186,471
22 Net purchases, or
sales (-) 15,649 31,938 25,145
23 Foreign countries 15,970 31,907 25,236
24 Europe 3,152 10,927 12,172
25 France 192 487 255
26 Germany 680 370 -388
27 Netherlands 393 55 -37
28 Switzerland 1,406 1,825 356
29 United Kingdom -330 3,718 7,627
30 Channel Islands and
Isle of Man (1) -20 1,203 1,342
31 Canada -611 165 -410
32 Latin America and
Caribbean 1,840 9,707 3,293
33 Middle East (1) 125 578 40
34 Other Asia 10,336 9,026 9,601
35 Japan 4,754 1,975 6,134
36 Africa 112 77 171
37 Other countries 1,016 1,427 369
38 Nonmonetary interna-
tional and regional
organizations -321 31 -91
Foreign securities
39 Stocks, net purchases,
or sales (-) 13,285 3,049 712
40 Foreign purchases 139,500 92,879 87,224
41 Foreign sales 126,215 89,830 86,512
42 Bonds, net purchases,
or sales (-) 7,707 -1,583 774
43 Foreign purchases 120,212 111,361 122,840
44 Foreign sales 112,505 112,944 122,066
45 Net purchases, or
sales (-), of stocks
and bonds 20,992 1,466 1,486
46 Foreign countries 21,082 1,441 1,508
47 Europe 11,407 563 852
48 Canada 1,918 8 -556
49 Latin America and
Caribbean 1,939 -600 -352
50 Asia 4,990 1,028 1,019
51 Japan 3,453 379 -861
52 Africa 205 393 -39
53 Other countries 623 49 584
54 Nonmonetary interna-
tional and regional
organizations -90 25 -22
(1.) Before January 2001, data included in United Kingdom.
(2.) Comprises oil-exporting countries as follows: Bahrain, Iran, Iraq,
Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates
(Trucial States).
(3.) Includes state and local government securities and securities 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
2002 2002
Jan.-
Area or country 2000 2001 Sept. Mar.
1 Total estimated -54,032 18,514 48,648 15,518
2 Foreign countries -53,571 19,200 47,644 15,369
3 Europe -50,704 -20,604 -2,581 8,194
4 Belgium (2) 73 -598 1,761 410
5 Germany -7,304 -1,668 -7,674 1,759
6 Luxembourg (2) n.a. 462 -1,317 79
7 Netherlands 2,140 -6,728 -20,362 -3,891
8 Sweden 1,082 -1,190 588 269
9 Switzerland -10,326 1,412 1,300 973
10 United Kingdom -33,669 -7,279 28,710 8,236
11 Channel Islands and Isle
of Man (3) n.a. -179 1,213 -251
12 Other Europe and former
U.S.S.R. -2,700 -4,836 -6,800 610
13 Canada -550 -1,634 -5,646 1,753
14 Latin America and Caribbean -4,914 4,272 13,400 -460
15 Venezuela 1,288 290 10 -7
16 Other Latin America and
Caribbean -11,581 14,726 16,602 8,802
17 Netherlands Antilles 5,379 -10,744 -3,212 -9,255
18 Asia 1,639 36,332 39,378 6,107
19 Japan 10,580 16,114 25,492 -1,855
20 Africa -414 -880 738 70
21 Other 1,372 1,714 2,355 -295
22 Nonmonetary international and
regional organizations -461 -686 1,004 149
23 International -483 -290 835 199
24 Latin American Caribbean
regional 76 41 12 -5
MEMO
25 Foreign countries -53,571 19,200 47,644 15,369
26 Official institutions -6,302 3,474 -7,447 5,233
27 Other foreign -47,269 15,726 55,091 10,136
Oil-exporting countries
28 Middle East (4) 3,483 865 -1,359 137
29 Africa (5) 0 -2 -27 2
2002
Area or country Apr. May June
1 Total estimated -12,528 -539 10,896
2 Foreign countries -12,838 -39 10,773
3 Europe -8,844 -6,274 -371
4 Belgium (2) -71 8 292
5 Germany -115 649 -587
6 Luxembourg (2) -325 -166 85
7 Netherlands -3,295 -9,328 -2,487
8 Sweden 103 55 192
9 Switzerland -1,262 341 359
10 United Kingdom -5,996 2,312 1,820
11 Channel Islands and Isle
of Man (3) -35 84 793
12 Other Europe and former
U.S.S.R. 2,152 -229 -838
13 Canada -1,223 454 -1,634
14 Latin America and Caribbean -1,500 7,939 6,382
15 Venezuela -18 6 160
16 Other Latin America and
Caribbean -1,918 1,933 3,298
17 Netherlands Antilles 436 6,000 2,924
18 Asia -1,543 -2,826 5,838
19 Japan 3,019 195 2,454
20 Africa -176 -38 299
21 Other 448 706 259
22 Nonmonetary international and
regional organizations 310 -500 123
23 International 398 -240 -21
24 Latin American Caribbean
regional -47 -14 28
MEMO
25 Foreign countries -12,838 -39 10,773
26 Official institutions -1,451 -69 2,161
27 Other foreign -11,387 30 8,612
Oil-exporting countries
28 Middle East (4) 1,382 -753 -249
29 Africa (5) -25 0 0
2002
Area or country July Aug. Sept. (p)
1 Total estimated 21,023 1,120 26,257
2 Foreign countries 21,117 705 26,245
3 Europe 4,533 -1,811 8,007
4 Belgium (2) 274 1,333 -114
5 Germany -2,930 -2,041 -666
6 Luxembourg (2) -84 -14 -252
7 Netherlands 147 -1,439 1,217
8 Sweden -169 471 234
9 Switzerland 246 -705 1,150
10 United Kingdom 10,278 378 9,078
11 Channel Islands and Isle
of Man (3) 177 444 -43
12 Other Europe and former
U.S.S.R. -3,406 -238 -2,597
13 Canada -2,011 -1,671 875
14 Latin America and Caribbean 4,602 -11,831 7,757
15 Venezuela -58 -15 -79
16 Other Latin America and
Caribbean 3,736 -7,434 5,520
17 Netherlands Antilles 924 -4,382 2,316
18 Asia 12,931 15,668 9,664
19 Japan 7,651 6,573 12,750
20 Africa 112 495 -93
21 Other 950 -145 35
22 Nonmonetary international and
regional organizations -94 415 12
23 International -64 418 -45
24 Latin American Caribbean
regional 11 -4 29
MEMO
25 Foreign countries 21,117 705 26,245
26 Official institutions -5,268 635 -3,511
27 Other foreign 26,385 70 29,756
Oil-exporting countries
28 Middle East (4) -1,338 -1,010 -362
29 Africa (5) 0 -2 -1
(1.) Official and private transactions in marketable U.S. Treasury
securities having an original maturity of more than one year. Data are
based on monthly transactions reports. Excludes nonmarketable U.S.
Treasury bonds and notes held by official institutions of foreign
countries.
(2.) Before January 2001, combined data reported for Belgium and
Luxembourg.
(3.) Before January 2001, these data were included in the data reported
for the United Kingdom.
(4.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(5.) Comprises Algeria, Gabon, Libya, and Nigeria.
3.28 FOREIGN EXCHANGE RATES AND INDEXES OF THE FOREIGN EXCHANGE
VALUE OF THE U.S. DOLLAR (1)
Currency units per U.S. dollar except as noted
Item 1999 2000 2001
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar (2) 64.54 58.15 51.69
2 Brazil/real 1.8207 1.8301 2.3527
3 Canada/dollar 1.4858 1.4855 1.5487
4 China, P.R./yuan 8.2783 8.2784 8.2770
5 Denmark/krone 6.9900 8.0953 8.3323
6 European Monetary
Union/euro (3) 1.0653 0.9232 0.8952
7 Greece/drachma 306.30 365.92 n.a.
8 Hong Kong/dollar 7.7594 7.7924 7.7997
9 India/rupee 43.13 45.00 47.22
10 Japan/yen 113.73 107.80 121.57
11 Malaysia/ringgit 3.8000 3.8000 3.8000
12 Mexico/peso 9.553 9.459 9.337
13 New Zealand/dollar (2) 52.94 45.68 42.02
14 Norway/krone 7.8071 8.8131 8.9964
15 Singapore/dollar 1.6951 1.7250 1.7930
16 South Africa/rand 6.1191 6.9468 8.6093
17 South Korea/won 1,189.84 1,130.90 1,292.01
18 Sri Lanka/rupee 70.868 76.964 89.602
19 Sweden/krona 8.2740 9.1735 10.3425
20 Switzerland/franc 1.5045 1.6904 1.6891
21 Taiwan/dollar 32.322 31.260 33.824
21 Thailand/baht 37.887 40.210 44.532
23 United Kingdom/pound
(2) 161.72 151.56 143.96
24 Venezuela/bolivar 606.82 680.52 724.10
Indexes (4)
NOMINAL
25 Broad (January
1997=100) (5) 116.87 119.67 126.09
26 Major currencies
trading (March
1973=100) (6) 94.07 98.32 104.32
27 Other important
trading partners
(January 1997=100)
(7) 129.94 130.33 136.34
REAL
28 Broad (March 1973=100)
(5) 100.78 104.32 110.42
29 Major currencies
trading (March
1973=100) (6) 97.06 103.17 110.73
30 Other important
trading partners
(March 1973=100) (7) 114.26 114.53 119.21
2002
Item June July Aug.
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar (2) 56.82 55.38 54.13
2 Brazil/real 2.7144 2.9414 3.1082
3 Canada/dollar 1.5318 1.5456 1.5694
4 China, P.R./yuan 8.2767 8.2768 8.2767
5 Denmark/krone 7.7775 7.4807 7.5948
6 European Monetary
Union/euro (3) 0.9561 0.9935 0.9781
7 Greece/drachma n.a. n.a. n.a.
8 Hong Kong/dollar 7.8000 7.8000 7.8008
9 India/rupee 48.98 48.79 48.62
10 Japan/yen 123.29 117.90 118.99
11 Malaysia/ringgit 3.8000 3.8000 3.8000
12 Mexico/peso 9.767 9.779 9.839
13 New Zealand/dollar (2) 48.86 48.09 46.35
14 Norway/krone 7.7533 7.4694 7.6042
15 Singapore/dollar 1.7831 1.7524 1.7553
16 South Africa/rand 10.1841 10.1032 10.5878
17 South Korea/won 1,219.70 1,179.99 1,197.51
18 Sri Lanka/rupee 96.408 96.266 96.281
19 Sweden/krona 9.5376 9.3474 9.4610
20 Switzerland/franc 1.5399 1.4718 1.4972
21 Taiwan/dollar 33.889 33.272 33.884
21 Thailand/baht 42.160 41.257 42.193
23 United Kingdom/pound
(2) 148.37 155.65 153.68
24 Venezuela/bolivar 1,212.07 1,317.38 1,379.73
Indexes (4)
NOMINAL
25 Broad (January
1997=100) (5) 125.96 124.20 125.64
26 Major currencies
trading (March
1973=100) (6) 101.42 98.97 100.35
27 Other important
trading partners
(January 1997=100)
(7) 140.70 140.47 141.69
REAL
28 Broad (March 1973=100)
(5) 109.91 (r) 108.39 (r) 109.74 (r)
29 Major currencies
trading (March
1973=100) (6) 107.80 105.27 106.80
30 Other important
trading partners
(March 1973=100) (7) 121.87 (r) 121.60 (r) 122.79 (r)
2002
Item Sept. Oct. Nov.
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar (2) 54.65 55.02 56.13
2 Brazil/real 3.3548 3.7966 3.5924
3 Canada/dollar 1.5761 1.5780 1.5715
4 China, P.R./yuan 8.2760 8.2772 8.2772
5 Denmark/krone 7.5752 7.5732 7.4201
6 European Monetary
Union/euro (3) 0.9806 0.9812 1.0013
7 Greece/drachma n.a. n.a. n.a.
8 Hong Kong/dollar 7.7999 7.7995 7.7994
9 India/rupee 48.46 48.39 48.29
10 Japan/yen 121.08 123.91 121.61
11 Malaysia/ringgit 3.8000 3.8000 3.8000
12 Mexico/peso 10.071 10.094 10.195
13 New Zealand/dollar (2) 47.02 48.18 49.73
14 Norway/krone 7.5018 7.4873 7.3157
15 Singapore/dollar 1.7682 1.7843 1.7653
16 South Africa/rand 10.5967 10.3058 9.6509
17 South Korea/won 1,211.61 1,240.19 1,210.20
18 Sri Lanka/rupee 96.207 96.402 96.426
19 Sweden/krona 9.3400 9.2846 9.0652
20 Switzerland/franc 1.4931 1.4932 1.4658
21 Taiwan/dollar 34.573 34.947 34.673
21 Thailand/baht 42.893 43.641 43.353
23 United Kingdom/pound
(2) 155.63 155.75 157.11
24 Venezuela/bolivar 1,458.39 1,440.50 1,358.61
Indexes (4)
NOMINAL
25 Broad (January
1997=100) (5) 126.67 127.69 126.38
26 Major currencies
trading (March
1973=100) (6) 100.68 101.24 99.83
27 Other important
trading partners
(January 1997=100)
(7) 143.71 145.28 144.43
REAL
28 Broad (March 1973=100)
(5) 110.52 (r) 111.42 (r) 110.15
29 Major currencies
trading (March
1973=100) (6) 107.20 108.07 (r) 106.87
30 Other important
trading partners
(March 1973=100) (7) 124.18 (r) 125.20 (r) 125.73
(1.) Averages of certified noon buying rates in New York for cable
transfers. Data in this table also appear in the Board's G.5 (405)
monthly statistical release. For ordering address, see inside front
cover.
(2.) U.S. cents per currency unit.
(3.) The euro is reported in place of the individual euro area
currencies. By convention, the rate is reported in U.S. dollars per
euro. The bilateral currency rates can be derived from the euro rate
by using the fixed conversion rates (in currencies per euro) as shown
below:
Euro equals
13.7603 Austrian schillings
40.3399 Belgian francs
5.94573 Finnish markkas
6.55957 French francs
1.95583 German marks
.787564 Irish pounds
1,936.27 Italian lire
40.3399 Luxembourg francs
2.20371 Netherlands guilders
200.482 Portuguese escudos
166.386 Spanish pesetas
340.750 Greek drachmas
(4.) Starting with the February 2002 Bulletin, revised index values
resulting from the periodic revision of data that underlie the
calculated trade weights are reported. For more information on the
indexes of the foreign exchange value of the dollar, see Federal
Reserve Bulletin, vol. 84 (October 1998), pp. 811-818.
(5.) Weighted average of the foreign exchange value of the U.S. dollar
against the currencies of a broad group of U.S. trading partners. The
weight for each currency is computed as an average of U.S. bilateral
import shares from and export shares to the issuing country and of a
measure of the importance to U.S. exporters of that country's trade in
third country markets.
(6.) Weighted average of the foreign exchange value of the U.S. dollar
against a subset of broad index currencies that circulate widely
outside the country of issue. The weight for each currency is its broad
index weight scaled so that the weights of the subset of currencies in
the index sum to one.
(7.) Weighted average of the foreign exchange value of the U.S. dollar
against a subset of broad index currencies that do not circulate widely
outside the country of issue. The weight for each currency is its broad
index weight scaled so that the weights of the subset of currencies in
the index sum to one.
Guide to Special Tables and Statistical Releases
SPECIAL TABLES--Data Published Irregularly, with Latest Bulletin
Reference
Title and Date Issue Page
Assets and liabilities of commercial banks
September 30, 2001 February 2002 A64
December 31, 2001 May 2002 A64
March 31, 2002 August 2002 A58
June 30, 2002 November 2002 A58
Terms of lending at commercial banks
November 2001 February 2002 A66
February 2002 May 2002 A66
May 2002 August 2002 A60
August 2002 November 2002 A60
Assets and liabilities of U.S. branches and
agencies of foreign banks
September 30, 2001 March 2002 A65
December 31, 2001 May 2002 A72
March 31, 2002 August 2002 A66
June 30, 2002 November 2002 A66
Pro forma financial statements for Federal
Reserve priced services *
March 31, 2001 August 2001 A76
June 30, 2001 October 2001 A64
September 30, 2001 January 2002 A64
Residential lending reported under the Home
Mortgage Disclosure Act
2000 September 2001 A64
2001 September 2002 A58
Disposition of applications for private
mortgage insurance
2000 September 2001 A73
2001 September 2002 A69
Small loans to businesses and farms
2000 September 2001 A76
2001 September 2002 A70
Community development lending reported under
the Community Reinvestment Act
2000 September 2001 A79
2001 September 2002 A58
STATISTICAL RELEASES--A List of Statistical
Releases Published by the Federal Reserve
is Printed Semiannually in the Bulletin
Issue Page
Schedule of anticipated release dates for
periodic releases December 2002 A66
Index to Statistical Tables
References are to pages A3-A56, although the prefix "A" is omitted
in this index.
ACCEPTANCES, bankers (See Bankers acceptances)
Assets and liabilities (See also Foreigners)
Commercial banks, 15-21
Domestic finance companies, 30, 31
Federal Reserve Banks, 10
Foreign-related institutions, 20
Automobiles
Consumer credit, 34
Production, 42, 43
BANKERS acceptances, 5, 10
Bankers balances, 15-21 (See also Foreigners)
Bonds (See also U.S. government securities)
New issues, 29
Rates, 23
Business loans (See Commercial and industrial loans)
CAPACITY utilization, 40, 41
Capital accounts
Commercial banks, 15-21
Federal Reserve Banks, 10
Certificates of deposit, 23
Commercial and industrial loans
Commercial banks, 15-21
Weekly reporting banks, 17, 18
Commercial banks
Assets and liabilities, 15-21
Commercial and industrial loans, 15-21
Consumer loans held, by type and terms, 34
Real estate mortgages held, by holder and property, 33
Time and savings deposits, 4
Commercial paper, 22, 23, 30
Condition statements (See Assets and liabilities)
Consumer credit, 34
Corporations
Security issues, 29, 55
Credit unions, 34
Currency in circulation, 5, 13
Customer credit, stock market, 24
DEBT (See specific types of debt or securities)
Demand deposits, 15-21
Depository institutions
Reserve requirements, 8
Reserves and related items, 4-6, 12
Deposits (See also specific types)
Commercial banks, 4, 15-21
Federal Reserve Banks, 5, 10
Discount rates at Reserve Banks and at foreign central banks and
foreign countries (See Interest rates)
Discounts and advances by Reserve Banks (See Loans)
EURO, 56
FARM mortgage loans, 33
Federal agency obligations, 5, 9-11, 26, 27
Federal credit agencies, 28
Federal finance
Debt subject to statutory limitation, and types and ownership of
gross debt, 25
Federal Financing Bank, 28
Federal funds, 23
Federal Home Loan Banks, 28
Federal Home Loan Mortgage Corporation, 28, 32, 33
Federal Housing Administration, 28, 32, 33
Federal Land Banks, 33
Federal National Mortgage Association, 28, 32, 33
Federal Reserve Banks
Condition statement, 10
Discount rates (See Interest rates)
U.S. government securities held, 5, 10, 11, 25
Federal Reserve credit, 5, 6, 10, 12
Federal Reserve notes, 10
Federally sponsored credit agencies, 28
Finance companies
Assets and liabilities, 30
Business credit, 31
Loans, 34
Paper, 22, 23
Float, 5
Flow of funds, 35-39
Foreign currency operations, 10
Foreign deposits in U.S. banks, 5
Foreign exchange rates, 56
Foreign-related institutions, 20
Foreigners
Claims on, 46, 49-51, 53
Liabilities to, 45-48, 52, 54, 55
GOLD
Certificate account, 10
Stock, 5, 45
Government National Mortgage Association, 28, 32, 33
INDUSTRIAL production, 42, 43
Insurance companies, 25, 33
Interest rates
Bonds, 23
Consumer credit, 34
Federal Reserve Banks, 7
Money and capital markets, 23
Mortgages, 32
Prime rate, 22
International capital transactions of United States, 44-55
International organizations, 46, 47, 49, 52, 53
Investment companies, issues and assets, 30
Investments (See also specific types)
Commercial banks, 4, 15-21
Federal Reserve Banks, 10, 11
Financial institutions, 33
LIFE insurance companies (See Insurance companies)
Loans (See also specific types)
Commercial banks, 15-21
Federal Reserve Banks, 5-7, 10, I1
Financial institutions, 33
Insured or guaranteed by United States, 32, 33
MANUFACTURING
Capacity utilization, 40, 41
Production, 42, 43
Margin requirements, 24
Member banks, reserve requirements, 8
Mining production, 43
Monetary and credit aggregates, 4, 12
Money and capital market rates, 23
Money stock measures and components, 4, 13
Mortgages (See Real estate loans)
Mutual funds, 13, 30
Mutual savings banks (See Thrift institutions)
OPEN market transactions, 9
PRICES
Stock market, 24
Prime rate, 22
Production, 42, 43
REAL estate loans
Banks, 15-21, 33
Terms, yields, and activity, 32
Type and holder and property mortgaged, 33
Reserve requirements, 8
Reserves
Commercial banks, 15-21
Depository institutions, 4-6
Federal Reserve Banks, 10
U.S. reserve assets, 45
Residential mortgage loans, 32, 33
Retail credit and retail sales, 34
SAVING
Flow of funds, 33, 34, 35-39
Savings deposits (See Time and savings deposits)
Savings institutions, 33, 34, 35-39
Securities (See also specific types)
Federal and federally sponsored credit agencies, 28
Foreign transactions, 54
New issues, 29
Prices, 24
Special drawing rights, 5, 10, 44, 45
State and local governments
Holdings of U.S. government securities, 25
New security issues, 29
Rates on securities, 23
Stock market, selected statistics, 24
Stocks (See also Securities)
New issues, 29
Prices, 24
Student Loan Marketing Association, 28
THRIFT institutions, 4 (See also Credit unions and Savings
institutions)
Time and savings deposits, 4, 13, 15-21
Treasury cash, Treasury currency, 5
Treasury deposits, 5, 10
U.S. GOVERNMENT balances
Commercial bank holdings, 15-21
Treasury deposits at Reserve Banks, 5, 10
U.S. government securities
Bank holdings, 15-21, 25
Dealer transactions, positions, and financing, 27
Federal Reserve Bank holdings, 5, 10, 11, 25
Foreign and international holdings and transactions, 10, 25, 55
Open market transactions, 9
Outstanding, by type and holder, 25, 26
Rates, 23
U.S. international transactions, 44-55
Utilities, production, 43
VETERANS Affairs, Department of, 32, 33
WEEKLY reporting banks, 17, 18
YIELDS (See Interest rates)
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