Financial and business statistics.
Financial and Business Statistics
A3 GUIDE TO TABLES
DOMESTIC FINANCIAL STATISTICS
Money Stock and Bank Credit
A4 Reserves and money stock measures
A5 Reserves of depository institutions and Reserve Bank
credit
A6 Reserves and borrowings--Depository
institutions
Policy Instruments
A7 Federal Reserve bank interest rates
A8 Reserve requirements of depository institutions
A9 Federal Reserve open market transactions
Federal Reserve Banks
A10 Condition and Federal Reserve note statements
A11 Maturity distribution of loan and security
holding
Monetary and Credit Aggregates
A12 Aggregrate reserves of depository institutions
and monetary base
A13 Money stock measures
Commercial Banking Institutions--Assets
and Liabilities
A15 All commercial banks in the United States
A16 Domestically chartered commercial banks
A17 Large domestically chartered commercial banks
A19 Small domestically chartered commercial banks
A20 Foreign-related institutions
Financial Markets
A22 Commercial paper outstanding
A22 Prime rate charged by banks on short-term
business loans
A23 Interest rates--Money and capital markets
A24 Stock market--Selected statistics
Federal Finance
A25 Federal debt subject to statutory limitation
A25 Gross public debt of U.S. Treasury--Types
and ownership
A26 U.S. govenment securities
dealers--Transactions
A27 U.S. government securities dealers--Positions
and financing
A28 Federal and federally sponsored credit
agencies--Debt outstanding
Securities Markets and Corporate Finance
A29 New security issues--Tax-exempt state and local
govenrment and U.S. corporations
A30 Open-end investment companies--Net sales
and assets
A30 Domestic finance companies--Assets and liabilities
A31 Domestic finance companies--Owned and managed
receivables
Real Estate
A32 Mortgage markets--New homes
A33 Mortgage debt outstanding
Consumer Credit
A34 Total outstanding
A34 Terms
Flow of Funds
A35 Funds raised U.S. credit markets
A37 Summary of financial trasactions
A38 Summary of credit market debt outstanding
A39 Summary of financial assets and liabilities
DOMESTIC NONFINANCIAL STATISTICS
Selected Measures
A40 Output, capacity, and capacity utilization
A42 Industrial production--Indexes and gross value
INTERNATIONAL STATISTICS
Summary Statistics
A44 U.S. international transactions
A45 U.S. reserve assets
A45 Foreign official assets held at Federal Reserve
Banks
A46 Selected U.S. liabilities of foreign official
institutions
Reported by Banks in the United States
A46 Liabilities to, and claims on, foreigners
A47 Liabilities to foreigners
A49 Banks' own claims on foreigners
A50 Banks' own and domestic customers' claims on
foreigners
A51 Banks' own claims on unaffiliated foreigners
Reported by Nonbanking Business
Enterprises in the United Sates
A52 Liabilities to unaffiliated foreigners
A53 Claims on unaffiliated foreigners
Securities Holdings and Transactions
A54 Foreign transactions in securities
A55 Marketable U.S. Treasury bonds and
notes--Foreign transactions
Interest and Exchange Rates
A56 Foreign exchange rates
A57 GUIDE TO SPECIAL TABLES AND
STATISTICAL RELEASES
SPECIAL TABLES
A58 Assets and liabilities of commercial banks,
March 31, 2003
A60 Terms of lending at commercial banks,
May 2003
A66 Assets and liabilities of U.S. branches and
agencies of foreign banks, March 31, 2003
A70 INDEX TO STATISTICAL TABLES
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 Agricultural 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 Securilized 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)
Monetary or credit 2002 2003
aggregate Q2 (r) Q3 (r) Q4 (r) Q1 (r)
Reserve of depository
institutions (2)
1 Total -13.5 -2.2 1.0 11.3
2 Required -12.4 -4.9 -1.4 11.4
3 Nonborrowed -14.0 -3.7 1.9 12.8
4 Monetary base (3) 7.4 6.9 5.1 7.6
Concepts of money (4)
5 M1 -.6 3.0 4.9 7.4
6 M2 3.8 8.8 7.0 6.5
7 M3 4.0 7.2 7.7 5.1
Nontransaction
components
8 In M2 (5) 5.0 10.4 7.6 6.3
9 In M3 only (6) 4.4 3.8 9.2 2.1
Time and savings
deposits
Commercial banks
10 Savings, including
MMDAs 15.1 20.1 16.8 13.6
11 Small time (7) -5.8 -4.0 -7.3 -7.2
12 Large time (8,9) 12.1 2.0 -5.6 -4.3
Thrift institutions
13 Savings, including
MMDAs 24.3 20.5 20.0 21.9
14 Small Time (7) -16.6 -10.5 -6.0 -6.5
15 Large Time (8) -8.0 -2.6 11.9 8.9
Money market mutual
funds
16 Retail -11.4 .9 -6.3 -8.8
17 Institution-only 3.9 -.7 2.1 -4.9
Repurchase agreements
and eurodollars
18 Repurchase agreement
(10) -.7 27.5 45.7 29.8
19 Eurodollars (10) -1.8 -3.5 28.9 .8
Monetary or credit
aggregate Jan. (r) Feb. (r) Mar. (r) Apr. (r)
Reserve of depository
institutions (2)
1 Total 15.3 2.6 4.5 -4.9
2 Required 25.6 -5.2 14.9 -1.9
3 Nonborrowed 16.9 2.7 4.6 -5.1
4 Monetary base (3) 6.7 9.8 6.7 5.3
Concepts of money (4)
5 M1 2.4 20.1 3.2 .3
6 M2 6.1 11.3 2.8 4.7
7 M3 -.5 5.7 2.9 1.8
Nontransaction
components
8 In M2 (5) 7.1 8.9 2.7 5.8
9 In M3 only (6) -14.4 -6.2 3.0 -4.6
Time and savings
deposits
Commercial banks
10 Savings, including
MMDAs 18.8 16.0 4.3 17.7
11 Small time (7) -7.1 -7.6 -6.8 -9.3
12 Large time (8,9) 14.4 -3.7 9.7 2.6
Thrift institutions
13 Savings, including
MMDAs 20.8 26.9 19.4 18.9
14 Small Time (7) -6.4 -10.0 -6.0 -4.9
15 Large Time (8) 12.3 .0 -8.1 2.0
Money market mutual
funds
16 Retail -15.9 -4.6 -5.5 -19.7
17 Institution-only -35.0 -19.8 -13.1 -22.4
Repurchase agreements
and eurodollars
18 Repurchase agreement
(10) -22.9 36.4 44.6 18.5
19 Eurodollars (10) 15.3 -31.2 -16.0 11.9
Monetary or credit
aggregate May
Reserve of depository
institutions (2)
1 Total 5.3
2 Required 2.9
3 Nonborrowed 4.5
4 Monetary base (3) 5.0
Concepts of money (4)
5 M1 20.3
6 M2 17.7
7 M3 13.1
Nontransaction
components
8 In M2 (5) 16.8
9 In M3 only (6) 3.2
Time and savings
deposits
Commercial banks
10 Savings, including
MMDAs 23.4
11 Small time (7) -11.2
12 Large time (8,9) 22.1
Thrift institutions
13 Savings, including
MMDAs 40.2
14 Small Time (7) -9.8
15 Large Time (8) -10.2
Money market mutual
funds
16 Retail 7.7
17 Institution-only -20.1
Repurchase agreements
and eurodollars
18 Repurchase agreement
(10) 12.7
19 Eurodollars (10) 50.4
(1.) Unless otherwise notes, rates of change are calculated form
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 adjects M1 is computed by summing currency, travelers
checks, demand deposits, and OCDs, each seasonally adjusted separetely.
M2: M1 plus (1) savings (including MMDAs), (2) small-denomination time
depostis (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 depostis, 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
separetely.
(6.) Sum of (1) large time deposits, (2) institutional money fund
balances, (3) RP liabilities (overnight and term) issued by depository
institutions, and (4) eurodollars (overnight and term) of U.S.
addressees, each seasonally adjusted separately.
(7) Small time deposits--including retail RPs--are those issued in
amounts of less than $100,000. All IRA and Keogh account balances at
commercial banks and thrift institutions are subtracted from small time
deposits.
(8) Large time deposits are those issued in amounts of $100,000 or
more, excluding those booked at international banking facilities.
(9) Large time deposits at commercial banks less those held by money
market funds, depository institutions, the U.S. government, and foreign
banks and official institutions.
(10) Includes both overnight and term.
1.11 RESERVE BALANCES OF DEPOSITORY INSTITUTIONS (1)
Millions of dollars
Average of
daily figures
for week
ending on
Average of date
daily figures indicated
Factor 2003 2003
Mar. Apr. May Apr. 16
SUPPLYING RESERVE
FUNDS
1 Reserve Bank credit
outstanding 701,365 710,451 714,217 711,288
2 Securities held
outright 639,323 645,586 649,309 645,669
3 U.S. Treasury (2) 639,313 645,576 649,299 645,659
4 Bills (3) 231,580 235,465 237,126 235,713
5 Notes and bonds,
nominal (3) 394,110 395,917 397,882 395,760
6 Notes and bonds,
inflation-
indexed (3) 12,353 12,814 12,814 12,814
7 Inflation
compensation
(4) 1,270 1,380 1,477 1,371
8 Federal agency (3) 10 10 10 10
9 Repurchase
agreements (5) 23,356 25,792 26,121 26,821
10 Loans to depository
institutions 24 30 57 36
11 Primary credit 17 8 4 16
12 Secondary credit 0 0 0 0
13 Seasonal credit 7 22 53 20
14 Float 595 -115 -350 -285
15 Other Federal
Reserve assets 38,066 39,158 39,080 39,046
16 Gold stock 11,043 11,043 11,043 11,043
17 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
18 Treasury currency
outstanding 34,754 34,830 34,892 34,826
ABSORBING RESERVE
FUNDS
19 Currency in
circulation 683,798 687,334 690,706 687,616
20 Reverse repurchase
agreement (6) 18,755 20,639 21,137 20,745
21 Foreign official and
international
accounts 18,715 20,564 21,137 20,745
22 Dealers 40 75 0 0
23 Treasury cash holdings 369 356 351 357
24 Deposits with Federal
Reserve Banks, other
than reserve balance 16,842 19,183 18,232 17,811
25 U.S. Treasury,
general account 5,339 7,533 6,678 6,470
26 Foreign official 163 118 122 120
27 Service-related 11,118 11,261 11,178 10,980
28 Required clearing
balances 10,601 10,835 10,849 10,820
29 Adjustments to
compensate for
float 517 426 329 160
30 Other 221 270 254 241
31 Other liabilities and
capital 19,732 20,024 20,300 19,941
32 Reserve balances with
Federal Reserve
Banks (7) 9,865 10,989 11,626 12,885
Wednesday
End-of-month figures figures
Mar. Apr. May Apr. 16
SUPPLYING RESERVE
FUNDS
1 Reserve Bank credit
outstanding 710,555 725,444 719,092 723,322
2 Securities held
outright 641,474 647,281 651,127 646,795
3 U.S. Treasury (2) 641,464 647,271 651,117 646,785
4 Bills (3) 232,706 236,249 237,933 235,814
5 Notes and bonds,
nominal (3) 394,621 396,776 398,853 396,776
6 Notes and bonds,
inflation-
indexed (3) 12,814 12,814 12,814 12,814
7 Inflation
compensation
(4) 1,322 1,431 1,517 1,380
8 Federal agency (3) 10 10 10 10
9 Repurchase
agreements (5) 31,750 37,501 30,240 38,000
10 Loans to depository
institutions 30 35 80 46
11 Primary credit 25 0 15 23
12 Secondary credit 0 0 0 0
13 Seasonal credit 4 35 65 23
14 Float -1,197 -101 -599 -626
15 Other Federal
Reserve assets 38,499 39,728 38,244 39,107
16 Gold stock 11,043 11,043 11,044 11,043
17 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
18 Treasury currency
outstanding 34,798 34,854 34,924 34,826
ABSORBING RESERVE
FUNDS
19 Currency in
circulation 685,791 688,723 692,303 688,924
20 Reverse repurchase
agreement (6) 19,418 20,814 22,285 19,801
21 Foreign official and
international
accounts 19,418 20,814 22,285 19,801
22 Dealers 0 0 0 0
23 Treasury cash holdings 373 340 375 361
24 Deposits with Federal
Reserve Banks, other
than reserve
balances 18,474 22,135 17,804 20,138
25 U.S. Treasury,
general account 6,746 10,583 6,505 8,821
26 Foreign official 254 313 79 101
27 Service-related 11,263 11,008 11,003 10,980
28 Required clearing
balances 10.978 10,829 10,833 10,820
29 Adjustments to
compensate for
float 285 179 170 160
30 Other 211 231 217 236
31 Other liabilities and
capital 20,230 20,049 19,973 19,871
32 Reserve balances with
Federal Reserve
Banks (7) 14,312 20,479 14,520 22,296
Average of daily figures for week
ending on date indicated
Factor 2003
Apr. 23 Apr. 30 May 7 May 14
SUPPLYING RESERVE
FUNDS
1 Reserve Bank credit
outstanding 709,715 715,874 708,240 714,344
2 Securities held
outright 646,852 647,057 647,419 647,817
3 U.S. Treasury (2) 646,842 647,047 647,409 647,807
4 Bills (3) 235,855 236,035 236,375 236,754
5 Notes and bonds,
nominal (3) 396,776 396,776 396,776 396,776
6 Notes and bonds,
inflation-
indexed (3) 12,814 12,814 12,814 12,814
7 Inflation
compensation
(4) 1,396 1,422 1,443 1,463
8 Federal agency (3) 10 10 10 10
9 Repurchase
agreements (5) 23,893 28,751 20,537 25,644
10 Loans to depository
institutions 28 30 50 51
11 Primary credit 4 0 4 2
12 Secondary credit 0 0 0 0
13 Seasonal credit 24 29 46 49
14 Float -405 225 113 -7
15 Other Federal
Reserve assets 39,347 39,811 40,120 40,839
16 Gold stock 11,043 11,043 11,043 11,043
17 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
18 Treasury currency
outstanding 34,840 34,854 34,868 34,882
ABSORBING RESERVE
FUNDS
19 Currency in
circulation 687,514 687,208 688,775 689,679
20 Reverse repurchase
agreement (6) 20,552 20,949 21,325 20,641
21 Foreign official and
international
accounts 20,552 20,949 21,325 20,641
22 Dealers 0 0 0 0
23 Treasury cash holdings 360 350 341 343
24 Deposits with Federal
Reserve Banks, other
than reserve balance 20,679 20,129 18,593 18,775
25 U.S. Treasury,
general account 8,927 8,763 7,113 7,139
26 Foreign official 106 132 102 86
27 Service-related 11,313 11,008 11,109 11,291
28 Required clearing
balances 10,829 10,829 10,882 10,882
29 Adjustments to
compensate for
float 484 179 227 409
30 Other 333 225 269 259
31 Other liabilities and
capital 20,145 20,165 20,331 20,438
32 Reserve balances with
Federal Reserve
Banks (7) 8,548 15,170 6,987 12,592
Wednesday figures
Apr. 23 Apr. 30 May 7 May 14
SUPPLYING RESERVE
FUNDS
1 Reserve Bank credit
outstanding 710,247 724,444 710,520 720,072
2 Securities held
outright 646,901 647,281 647,580 647,947
3 U.S. Treasury (2) 646,891 647,271 647,570 647,937
4 Bills (3) 235,895 236,249 236,529 236,877
5 Notes and bonds,
nominal (3) 396,776 396,776 396,776 396,776
6 Notes and bonds,
inflation-
indexed (3) 12,814 12,814 12,814 12,814
7 Inflation
compensation
(4) 1,406 1,431 1,450 1,470
8 Federal agency (3) 10 10 10 10
9 Repurchase
agreements (5) 24,500 37,501 22,251 30,752
10 Loans to depository
institutions 30 35 59 60
11 Primary credit 3 0 6 4
12 Secondary credit 0 0 0 0
13 Seasonal credit 27 35 53 56
14 Float -685 -101 154 302
15 Other Federal
Reserve assets 39,500 39,728 40,476 41,011
16 Gold stock 11,043 11,043 11,043 11,043
17 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
18 Treasury currency
outstanding 34,840 34,854 34,868 34,882
ABSORBING RESERVE
FUNDS
19 Currency in
circulation 688,475 688,723 690,743 690,950
20 Reverse repurchase
agreement (6) 19,991 20,814 20,667 21,073
21 Foreign official and
international
accounts 19,991 20,814 20,667 21,073
22 Dealers 0 0 0 0
23 Treasury cash holdings 352 340 342 349
24 Deposits with Federal
Reserve Banks, other
than reserve
balances 20,937 22,135 17,564 18,876
25 U.S. Treasury,
general account 9,285 10,583 6,050 7,199
26 Foreign official 105 313 145 122
27 Service-related 11,313 11,008 11,109 11,291
28 Required clearing
balances 10,829 10,829 10,882 10,882
29 Adjustments to
compensate for
float 484 179 227 409
30 Other 234 231 259 264
31 Other liabilities and
capital 19,804 20,049 20,109 20,053
32 Reserve balances with
Federal Reserve
Banks (7) 8,770 20,479 9,204 16,895
Average of daily
figures for week
ending on date
indicated
Factor 2003
May 21 May 28
SUPPLYING RESERVE
FUNDS
1 Reserve Bank credit
outstanding 711,802 720,472
2 Securities held
outright 650,403 650,852
3 U.S. Treasury (2) 650,393 650,842
4 Bills (3) 237,790 237,672
5 Notes and bonds,
nominal (3) 398,707 398,853
6 Notes and bonds,
inflation-
indexed (3) 12,814 12,814
7 Inflation
compensation
(4) 1,482 1,502
8 Federal agency (3) 10 10
9 Repurchase
agreements (5) 24,608 31,857
10 Loans to depository
institutions 56 59
11 Primary credit 2 2
12 Secondary credit 0 0
13 Seasonal credit 54 57
14 Float -869 -413
15 Other Federal
Reserve assets 37,603 38,116
16 Gold stock 11,043 11,043
17 Special drawing rights
certificate account 2,200 2,200
18 Treasury currency
outstanding 34,896 34,910
ABSORBING RESERVE
FUNDS
19 Currency in
circulation 689,890 693,563
20 Reverse repurchase
agreement (6) 20,415 21,598
21 Foreign official and
international
accounts 20,415 21,598
22 Dealers 0 0
23 Treasury cash holdings 350 359
24 Deposits with Federal
Reserve Banks, other
than reserve balance 18,563 17,050
25 U.S. Treasury,
general account 6,899 5,543
26 Foreign official 116 160
27 Service-related 11,280 11,105
28 Required clearing
balances 10,819 10,820
29 Adjustments to
compensate for
float 461 285
30 Other 266 242
31 Other liabilities and
capital 20,280 20,281
32 Reserve balances with
Federal Reserve
Banks (7) 10,443 15,773
Wednesday figures
May 21 May 28
SUPPLYING RESERVE
FUNDS
1 Reserve Bank credit
outstanding 713,790 722,207
2 Securities held
outright 650,735 650,869
3 U.S. Treasury (2) 650,725 650,859
4 Bills (3) 237,568 237,683
5 Notes and bonds,
nominal (3) 398,853 398,853
6 Notes and bonds,
inflation-
indexed (3) 12,814 12,814
7 Inflation
compensation
(4) 1,489 1,508
8 Federal agency (3) 10 10
9 Repurchase
agreements (5) 26,251 32,000
10 Loans to depository
institutions 55 62
11 Primary credit 1 0
12 Secondary credit 0 0
13 Seasonal credit 54 62
14 Float -1,050 1,172
15 Other Federal
Reserve assets 37,800 38,103
16 Gold stock 11,043 11,043
17 Special drawing rights
certificate account 2,200 2,200
18 Treasury currency
outstanding 34,896 34,910
ABSORBING RESERVE
FUNDS
19 Currency in
circulation 691,902 694,786
20 Reverse repurchase
agreement (6) 20,709 21,857
21 Foreign official and
international
accounts 20,709 21,857
22 Dealers 0 0
23 Treasury cash holdings 356 375
24 Deposits with Federal
Reserve Banks, other
than reserve
balances 19,262 16,303
25 U.S. Treasury,
general account 7,608 4,825
26 Foreign official 126 129
27 Service-related 11,280 11,105
28 Required clearing
balances 10,819 10,820
29 Adjustments to
compensate for
float 461 285
30 Other 247 243
31 Other liabilities and
capital 19,968 19,818
32 Reserve balances with
Federal Reserve
Banks (7) 9,731 17,221
(1.) Amounts of vault cash held as reserves are shown in table 1.12
line 2.
(2.) Includes securities lent to dealers, which are fully
collateralized by other U.S. Treasury securities.
(3.) Face value of the securities.
(4.) Compensation that adjusts for the effect of inflation on the
original face value of inflation-indexed securities.
(5.) Cash value of agreements, which are fully collateralized by U.S.
Treasury and federal agency securities.
(6.) Cash value of agreements, which are fully collateralized by U.S.
Treasury securities.
(7.) Excludes required clearing balances and adjustments to compensate
for float.
1.12 RESERVES AND BORROWINGS Depository Institutions (1)
Millions of dollars
Prorated monthly averages of
biweekly averages
Reserve
classification 2000 2001 2002
Dec. Dec. Dec. (r)
1 Reserve balances
with Reserve
Banks (2) 7,022 9,053 9,926
2 Total vault cash
(3) 45,246 (r) 43,918 (r) 43,368
3 Applied vault
cash (4) 31,451 32,024 30,347
4 Surplus vault
cash (5) 13,795 (r) 11,894 (r) 13,021
5 Total reserves (6) 38,473 41,077 40,274
6 Required
reserves 37,046 39,428 38,264
7 Excess reserve
balances at
Reserve Banks
(7) 1,427 1,649 2,009
8 Total borrowing at
Reserve Banks 210 67 80
9 Primary ... ... ...
10 Secondary ... ... ...
11 Seasonal 111 33 45
12 Adjustment 99 34 35
Biweekly averages of daily figures
for two-week periods ending on
dates indicated
2003
Feb. 5 (r) Feb. 19 (r) Mar. 5 (r)
1 Reserve balances
with Reserve
Banks (2) 9,400 9,432 10,781
2 Total vault cash
(3) 50,025 46,009 43,570
3 Applied vault
cash (4) 35,383 30,922 32,043
4 Surplus vault
cash (5) 14,642 15,088 11,527
5 Total reserves (6) 44,783 40,354 42,824
6 Required
reserves 43,203 38,018 41,221
7 Excess reserve
balances at
Reserve Banks
(7) 1,580 2,335 1,603
8 Total borrowing at
Reserve Banks 34 25 21
9 Primary 28 21 17
10 Secondary 0 0 0
11 Seasonal 6 4 5
12 Adjustment ... ... ...
Prorated monthly averages of
biweekly averages
Reserve
classification 2002 2003
Nov. (r) Dec. (r) Jan. (r)
1 Reserve balances
with Reserve
Banks (2) 9,758 9,926 10,075
2 Total vault cash
(3) 42,236 43,368 46,209
3 Applied vault
cash (4) 29,457 30,347 32,794
4 Surplus vault
cash (5) 12,780 13,021 13,415
5 Total reserves (6) 39,214 40,274 42,869
6 Required
reserves 37,576 38,264 41,162
7 Excess reserve
balances at
Reserve Banks
(7) 1,638 2,009 1,707
8 Total borrowing at
Reserve Banks 272 80 27
9 Primary ... ... 12
10 Secondary ... ... 0
11 Seasonal 60 45 13
12 Adjustment 211 35 2
Biweekly averages of daily figures
for two-week periods ending on
dates indicated
2003
Mar. 19 (r) Apr. 2 (r) Apr. 16
1 Reserve balances
with Reserve
Banks (2) 9,502 9,843 9,452 (r)
2 Total vault cash
(3) 42,205 43,918 41,682 (r)
3 Applied vault
cash (4) 29,379 31,830 29,833
4 Surplus vault
cash (5) 12,826 12,089 11,849 (r)
5 Total reserves (6) 38,881 41,672 39,285 (r)
6 Required
reserves 37,215 40,058 37,784
7 Excess reserve
balances at
Reserve Banks
(7) 1,665 1,614 1,501 (r)
8 Total borrowing at
Reserve Banks 32 11 33
9 Primary 23 3 15
10 Secondary 0 0 0
11 Seasonal 9 8 18
12 Adjustment ... ... ...
Prorated monthly averages of
biweekly averages
Reserve
classification 2003
Feb. (r) Mar. (r) Apr. (r) May
1 Reserve balances
with Reserve
Banks (2) 9,860 9,840 10,598 11,405
2 Total vault cash
(3) 45,942 43,088 41,991 41,636
3 Applied vault
cash (4) 32,079 30,757 30,574 30,396
4 Surplus vault
cash (5) 13,863 12,331 11,417 11,241
5 Total reserves (6) 41,939 40,597 41,172 41,800
6 Required
reserves 39,973 38,961 39,640 40,183
7 Excess reserve
balances at
Reserve Banks
(7) 1,965 1,636 1,532 1,618
8 Total borrowing at
Reserve Banks 25 22 29 55
9 Primary 21 14 8 3
10 Secondary 0 0 0 0
11 Seasonal 5 8 21 53
12 Adjustment ... ... ... ...
Biweekly averages of daily figures
for two-week periods ending on
dates indicated
2003
Apr. 30 May 14 May 28 June 11
1 Reserve balances
with Reserve
Banks (2) 11,852 9,772 13,116 11,041
2 Total vault cash
(3) 42,024 (r) 41,432 41,968 41,040
3 Applied vault
cash (4) 31,136 29,696 31,211 29,857
4 Surplus vault
cash (5) 10,889 (r) 11,736 10,758 11,183
5 Total reserves (6) 42,987 39,468 44,326 40,898
6 Required
reserves 41,436 37,924 42,712 38,918
7 Excess reserve
balances at
Reserve Banks
(7) 1,551 1,543 1,614 1,979
8 Total borrowing at
Reserve Banks 29 51 58 69
9 Primary 2 3 2 7
10 Secondary 0 0 0 0
11 Seasonal 27 48 56 63
12 Adjustment ... ... ... ...
(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).
1.14 FEDERAL RESERVE BANK INTEREST RATES
Percent per year
Current and previous levels
Primary credit (1)
Federal Reserve On
Bank 7/18/09 Effective date Previous rate
Boston 2.00 6/25/03 2.25
New York 6/25/03
Philadelphia 6/26/03
Cleveland 6/26/03
Richmond 6/26/03
Atlanta 6/26/03
Chicago 6/26/03
St. Louis 6/26/03
Minneapolis 6/26/03
Kansas City 6/25/03
Dallas 6/26/03
San Francisco 2.00 6/25/03 2.25
Secondary credit (2)
Federal Reserve On
Bank 7/18/09 Effective date Previous rate
Boston 2.50 6/25/03 2.75
New York 6/25/03
Philadelphia 6/26/03
Cleveland 6/26/03
Richmond 6/26/03
Atlanta 6/26/03
Chicago 6/26/03
St. Louis 6/26/03
Minneapolis 6/26/03
Kansas City 6/25/03
Dallas 6/26/03
San Francisco 2.50 6/25/03 2.75
Seasonal credit (3)
Federal Reserve On
Bank 7/18/09 Effective date Previous rate
Boston 1.05 7/10/03 1.11
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco 1.05 7/10/03 1.10
Range of rates for
primary credit
Range (or F.R. Bank
Effective date level)--All of
F.R. Banks N.Y.
In effect Jan. 2003 2.25 2.25
(beginning of program)
2003--June 25 2.00-2.25 2.00
26 2.00 2.00
In effect July 18, 2003 2.00 2.00
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, 1995 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. 19 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
2001--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 Jan. 8, 2003 0.75 0.75
(end of program)
(1.) Available for very short terms as it backup source of liquidity to
depository institutions that are in generally sound financial condition
in the judgment of the lending Federal Reserve Bank.
(2.) Available in appropriate circumstances to depository institutions
that do not qualify for primary credit.
(3.) 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.
(4.) Was available until January 8, 2003, to help depository
institutions meet temporary needs (or funds that could not be met
through reasonable alternative sources. For earlier data, see the
following publications of the Board of Governors: Banking and Monetary
Statistics, 1914-1941, and 1941-1970; and the Statistical Digest,
1970-1979, 1980-1989, and 1990-1995. See also the Board's Statistics:
Releases and Historical Data web pages
(http://www.federalreserve.gov/releases/H15/data.htm).
1.15 RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS (1)
Requirement
Type of deposit Percentage of Effective
deposits date
Net transaction accounts (2)
1 $0 million-$6 million (3) 0 12/26/02
2 More than $6 million-$42.1 million (4) 3 12/26/02
3 More than $42.1 million (5) 10 12/26/02
4 Nonpersonal time deposits (6) 0 12/27/90
5 Eurocurrency liabilities (7) 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.) 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 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.
(5.) 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.
(6.) For institutions than report weekly, the reserve requirement on
nonpersonal time deposits with an original maturity of less than 1.5
years was reduced front 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 nonpesonal 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.
(7.) The reserve requirement on eurocurrency liabilities was reduced
form 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 2000 2001 2002
U.S. TREASURY SECURITIES (2)
Outright transaction
Treasury bills
1 Gross purchases 8,676 15,503 21,421
2 Gross sales 0 0 0
3 Exchanges 477,904 542,736 657,931
4 For new bills 477,904 542,736 657,931
5 Redemptions 24,522 10,095 0
Others within one year
6 Gross purchases 8,809 15,663 12,720
7 Gross sale 0 0 0
8 Maturity shifts 62,025 70,336 89,108
9 Exchanges -54,656 -72,004 -92,075
10 Redemptions 3,779 16,802 0
One to five years
11 Gross purchases 14,482 22,814 12,748
12 Gross sales 0 0 0
13 Maturity shifts -52,068 -45,211 -73,093
14 Exchanges 46,177 64,519 88,276
Five to ten years
15 Gross purchases 5,871 6,003 5,074
16 Gross sales 0 0 0
17 Maturity shifts -6,801 -21,063 -11,588
18 Exchanges 6,585 6,063 3,800
More than ten years
19 Gross purchases 5,833 8,531 2,280
20 Gross sales 0 0 0
21 Maturity shifts -3,155 -4,062 -4,427
22 Exchanges 1,894 1,423 0
All maturities
23 Gross purchases 43,670 68,513 54,242
24 Gross sales 0 0 0
25 Redemptions 28,301 26,897 0
26 Net change in U.S.
Treasury securities 15,369 41,616 54,242
FEDERAL AGENCY OBLIGATIONS
Outright transactions
27 Gross purchases 0 0 0
28 Gross sales 0 0 0
29 Redemptions 51 120 0
30 Net change in federal
agency obligations -51 -120 0
TEMPORARY TRANSACTIONS
Repurchase agreements (3)
31 Gross purchases 890,236 1,497,713 1,143,126
32 Gross sales 987,501 1,490,838 1,153,876
Matched sale-purchase
agreements
33 Gross purchases 4,415,905 4,722,667 4,981,624
34 Gross sales 4,397,835 4,724,743 4,958,437
Reverse repurchase
agreement (4)
35 Gross purchases 0 0 231,272
36 Gross Sales 0 0 252,363
37 Net change in temporary
transactions -79,195 4,800 -8,653
38 Total net change in
System Open Market
Account -63,877 46,295 45,589
2002
Type of transaction
and maturity Oct. Nov. Dec.
U.S. TREASURY SECURITIES (2)
Outright transaction
Treasury bills
1 Gross purchases 0 250 0
2 Gross sales 0 0 0
3 Exchanges 62,947 51,394 53,374
4 For new bills 62,947 51,394 53,374
5 Redemptions 0 0 0
Others within one year
6 Gross purchases 0 0 0
7 Gross sale 0 0 0
8 Maturity shifts 6,143 3,688 13,448
9 Exchanges -5,435 -1,419 -12,059
10 Redemptions 0 0 0
One to five years
11 Gross purchases 0 0 339
12 Gross sales 0 0 0
13 Maturity shifts -6,143 -2,380 -13,448
14 Exchanges 5,435 1,308 12,059
Five to ten years
15 Gross purchases 0 0 314
16 Gross sales 0 0 0
17 Maturity shifts 0 722 0
18 Exchanges 0 111 0
More than ten years
19 Gross purchases 0 0 0
20 Gross sales 0 0 0
21 Maturity shifts 0 -2,030 0
22 Exchanges 0 0 0
All maturities
23 Gross purchases 0 250 653
24 Gross sales 0 0 0
25 Redemptions 0 0 0
26 Net change in U.S.
Treasury securities 0 250 653
FEDERAL AGENCY OBLIGATIONS
Outright transactions
27 Gross purchases 0 0 0
28 Gross sales 0 0 0
29 Redemptions 0 0 0
30 Net change in federal
agency obligations 0 0 0
TEMPORARY TRANSACTIONS
Repurchase agreements (3)
31 Gross purchases 72,000 113,501 112,750
32 Gross sales 77,250 101,501 101,750
Matched sale-purchase
agreements
33 Gross purchases 429,029 378,381 195,565
34 Gross sales 425,399 377,535 175,820
Reverse repurchase
agreement (4)
35 Gross purchases 0 0 231,272
36 Gross Sales 0 0 252,363
37 Net change in temporary
transactions -1,620 12,847 9,654
38 Total net change in
System Open Market
Account -1,620 13,096 10,307
2003
Type of transaction
and maturity Jan. Feb. Mar. Apr.
U.S. TREASURY SECURITIES (2)
Outright transaction
Treasury bills
1 Gross purchases 0 4,161 1,863 3,543
2 Gross sales 0 0 0 0
3 Exchanges 71,075 53,860 47,424 51,834
4 For new bills 71,075 53,860 47,424 51,834
5 Redemptions 0 0 0 0
Others within one year
6 Gross purchases 0 478 1,318 1,422
7 Gross sale 0 0 0 0
8 Maturity shifts 6,216 3,214 8,334 8,333
9 Exchanges -6,834 -13,313 -8,211 -7,293
10 Redemptions 0 0 0 0
One to five years
11 Gross purchases 0 2,127 710 733
12 Gross sales 0 0 0 0
13 Maturity shifts -6,216 2,160 -8,334 -8,333
14 Exchanges 6,834 11,817 8,211 7,293
Five to ten years
15 Gross purchases 0 769 522 0
16 Gross sales 0 0 0 0
17 Maturity shifts 0 -3,877 0 0
18 Exchanges 0 1,497 0 0
More than ten years
19 Gross purchases 0 0 50 0
20 Gross sales 0 0 0 0
21 Maturity shifts 0 -1,497 0 0
22 Exchanges 0 0 0 0
All maturities
23 Gross purchases 0 7,534 4,463 5,699
24 Gross sales 0 0 0 0
25 Redemptions 0 0 0 0
26 Net change in U.S.
Treasury securities 0 7,534 4,463 5,699
FEDERAL AGENCY OBLIGATIONS
Outright transactions
27 Gross purchases 0 0 0 0
28 Gross sales 0 0 0 0
29 Redemptions 0 0 0 0
30 Net change in federal
agency obligations 0 0 0 0
TEMPORARY TRANSACTIONS
Repurchase agreements (3)
31 Gross purchases 135,749 121,896 95,001 112,151
32 Gross sales 150,499 119,746 90,151 106,500
Matched sale-purchase
agreements
33 Gross purchases 0 0 0 0
34 Gross sales 0 0 0 0
Reverse repurchase
agreement (4)
35 Gross purchases 392,530 343,748 388,069 451,149
36 Gross Sales 389,810 343,395 389,469 452,545
37 Net change in temporary
transactions -12,029 2 2,200 2,104
38 Total net change in
System Open Market
Account -12,029 7,537 6,664 7,803
(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.
(3.) Cash value of agreements, which are collateralized by U.S.
government and federal agency obligations.
(4.) Cash value of agreements, which are collateralized by U.S.
Treasury securities.
1.18 FEDERAL RESERVE BANKS Condition and Federal Reserve Note
Statements (1)
Millions of dollars
Wednesday
Account 2003
Apr. 30 May 7 May 14 May 21
Consolidated condition statement
ASSETS
1 Gold certificate
account 11,039 11,039 11,039 11,039
2 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
3 Coin 1,021 1,003 983 950
4 Securities, repurchase
agreements, and
loans 684,817 669,890 678,759 677,041
5 Securities held
outright 647,281 647,580 647,947 650,735
6 U.S. Treasury (2) 647,271 647,570 647,937 650,725
7 Bills (3) 236,249 236,529 236,877 237,568
8 Notes and bonds,
nominal (3) 396,776 396,776 396,776 398,853
9 Notes and bonds,
inflation-
indexed (3) 12,814 12,814 12,814 12,814
10 Inflation
compensation
(4) 1,431 1,450 1,470 1,489
11 Federal agency (3) 10 10 10 10
12 Repurchase
agreements (5) 37,501 22,251 30,752 26,251
13 Loan 35 59 60 55
14 Items in process of
collection 8,173 9,556 7,078 6,609
15 Bank premises 1,577 1,578 1,580 1,581
16 Other assets 38,412 39,141 39,670 36,208
17 Denominated in
foreign currencies
(6) 17,579 17,897 18,063 18,174
18 All other (7) 20,832 21,244 21,607 18,034
19 Total assets 747,239 734,407 741,309 735,628
LIABILITIES
20 Federal Reserve notes,
net of F.R. Bank
holdings 655,226 657,217 657,396 658,309
21 Reverse repurchase
agreements (8) 20,814 20,667 21,073 20,709
22 Deposits 43,007 27,872 35,188 29,144
23 Depository
institutions 31,880 21,417 27,603 21,162
24 U.S. Treasury,
general account 10,583 6,050 7,199 7,608
25 Foreign official 313 145 122 126
26 Other 231 259 264 247
27 Deferred availability
cash items 8,142 8,542 7,599 7,498
28 Other liabilities and
accrued dividends
(9) 2,270 2,294 2,333 2,304
29 Total liabilities 729,460 716,592 723,589 717,964
CAPITAL ACCOUNTS
30 Capital paid in 8,545 8,564 8,568 8,562
31 Surplus 8,380 8,390 8,380 8,380
32 Other capital accounts 854 871 772 722
33 Total capital 17,779 17,816 17,720 17,664
MEMO
34 Marketable securities
held in custody for
foreign official
and international
accounts (3,10) 893,534 895,358 901,212 924,397
35 U.S. Treasury 713,499 713,153 718,995 740,006
36 Federal agency 180,035 182,205 182,217 184,391
Federal Reserve none and collateral
statement
37 Federal Reserve notes,
net of F.R. Bank
holdings 655,226 657,217 657,396 658,309
38 Collateral held
against Federal
Reserve notes 659,280 661,189 661,356 662,445
39 Gold certificate
account 11,039 11,039 11,039 11,039
40 Special drawing
rights certificate
account 2,200 2,200 2,200 2,200
41 U.S. Treasury and
agency securities
pledged (11) 646,042 647,950 648,117 649,206
42 Other eligible asset 0 0 0 0
MEMO
43 Total U.S. Treasury
and agency
securities (11) 684,782 669,831 678,699 676,986
44 Less: face value of
securities under
reverse repurchase
agreements (12) 20,821 20,674 21,079 20,715
45 U.S. Treasury and
agency securities
eligible to be
pledged 663,961 649,157 657,620 656,271
Wednesday End of month
Account 2003 2003
May 28 Mar. Apr. May
Consolidated condition statement
ASSETS
1 Gold certificate
account 11,039 11,038 11,039 11,040
2 Special drawing rights
certificate account 2,200 2,220 2,200 2,200
3 Coin 920 1,106 1,021 924
4 Securities, repurchase
agreements, and
loans 682,931 673,253 684,817 681,447
5 Securities held
outright 650,869 641,474 647,281 651,127
6 U.S. Treasury (2) 650,859 641,464 647,271 651,117
7 Bills (3) 237,683 232,706 236,249 237,933
8 Notes and bonds,
nominal (3) 398,853 394,621 396,776 398,853
9 Notes and bonds,
inflation-
indexed (3) 12,814 12,814 12,814 12,814
10 Inflation
compensation
(4) 1,508 1,322 1,431 1,517
11 Federal agency (3) 10 10 10 10
12 Repurchase
agreements (5) 32,000 31,750 37,501 30,240
13 Loan 62 30 35 80
14 Items in process of
collection 10,632 2,129 8,173 5,684
15 Bank premises 1,581 1,557 1,577 1,579
16 Other assets 36,514 37,190 38,412 36,689
17 Denominated in
foreign currencies
(6) 18,108 17,383 17,579 18,080
18 All other (7) 18,405 19,807 20,832 18,609
19 Total assets 745,817 728,474 747,239 739,563
LIABILITIES
20 Federal Reserve notes,
net of F.R. Bank
holdings 661,167 652,467 655,226 658,674
21 Reverse repurchase
agreements (8) 21,857 19,418 20,814 22,285
22 Deposits 33,558 33,998 43,007 32,470
23 Depository
institutions 28,360 26,787 31,880 25,669
24 U.S. Treasury,
general account 4,825 6,746 10,583 6,505
25 Foreign official 129 254 313 79
26 Other 243 211 231 217
27 Deferred availability
cash items 9,417 2,362 8,142 6,161
28 Other liabilities and
accrued dividends
(9) 2,326 2,232 2,270 2,329
29 Total liabilities 728,326 710,476 729,460 721,919
CAPITAL ACCOUNTS
30 Capital paid in 8,574 8,505 8,545 8,575
31 Surplus 8,380 8,380 8,380 8,380
32 Other capital accounts 537 1,113 854 689
33 Total capital 17,491 17,998 17,779 17,644
MEMO
34 Marketable securities
held in custody for
foreign official
and international
accounts (3,10) 928,892 901,060 893,534 931,570
35 U.S. Treasury 741,441 720,666 713,499 741,378
36 Federal agency 187,451 180,393 180,035 190,191
Federal Reserve none and collateral
statement
37 Federal Reserve notes,
net of F.R. Bank
holdings 661,167 652,467 655,226 658,674
38 Collateral held
against Federal
Reserve notes 665,319 652,467 659,280 662,789
39 Gold certificate
account 11,039 11,038 11,039 11,040
40 Special drawing
rights certificate
account 2,200 2,200 2,200 2,200
41 U.S. Treasury and
agency securities
pledged (11) 652,080 639,229 646,042 649,549
42 Other eligible asset 0 0 0 0
MEMO
43 Total U.S. Treasury
and agency
securities (11) 682,869 673,224 684,782 681,367
44 Less: face value of
securities under
reverse repurchase
agreements (12) 21,863 19,425 20,821 22,295
45 U.S. Treasury and
agency securities
eligible to be
pledged 661,006 653,798 663,961 659,072
(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.) Includes securities lent to dealers, which are fully
collateralized by other U.S. Treasury securities.
(3.) Face value of the securities.
(4.) Compensation that adjusts for the effect of inflation on the
original face value of inflation-indexed securities.
(5.) Cash value of agreements, which are fully collateralized by U.S.
Treasury and federal agency securities.
(6.) Valued daily at market exchange rates.
(7.) Includes special investment account at the Federal Reserve Bank of
Chicago in Treasury bills maturing within ninety days.
(8.) Cash value of agreements, which are fully collateralized by U.S.
Treasury securities.
(9.) Includes exchange-translation account reflecting the daily
revaluation at market exchange rates of foreign exchange commitments.
(10.) Includes U.S. Treasury STRIPS and other zero coupon bonds at face
value.
(11.) Includes face value of U.S. Treasury and agency securities held
outright, compensation to adjust for the effect of inflation on the
original face value of inflation-indexed securities, and cash value of
repurchase agreements.
(12.) Face value of agreements, which are fully collateralized by U.S.
Treasury securities.
1.19 FEDERAL RESERVE BANKS Maturity Distribution of Loans and Securities
Millions of dollars
Wednesday
2003
Type of holding and
maturity Apr. 30 May 7 May 14 May 21 May 28
1 Total loans 35 59 60 55 62
2 Within 15 days 28 20 15 42 49
3 16 days to 90 days 7 39 45 13 14
4 91 days to 1 year 0 0 0 0 0
5 Total U.S.
Treasury
securities (1) 647,271 647,570 647,937 650,725 650,859
6 Within 15 days 46,750 46,850 46,792 51,747 51,749
7 16 days 1o 90 days 126,284 131,587 132,509 137,386 138,094
8 91 days to 1 year 153,916 157,125 156,610 154,489 153,894
9 Over 1 year to 5
years 188,832 180,504 180,509 180,465 180,470
10 Over 5 years to 10
years 51,538 51,544 51,550 46,663 46,669
11 Over 10 years 79,952 79,960 79,968 79,975 79,983
12 Total federal
agency
securities 10 10 10 10 10
13 Within 15 days 0 0 0 0 0
14 16 days to 90 days 0 0 0 0 0
15 91 days to 1 year 10 10 10 10 10
16 Over 1 year to 5
years 0 0 0 0 0
17 Over 5 years to 10
years 0 0 0 0 0
18 Over 10 years 0 0 0 0 0
19 Total repurchase
agreements (2) 37,501 22,251 30,752 26,251 32,000
20 Within 15 days 33,500 18,251 25,752 20,251 29,000
21 16 days to 90 days 4,001 4,000 5,000 6,000 3,000
22 Total reverse
repurchase
agreements (2) 20,814 20,667 21,073 20,709 21,857
23 Within 15 days 20,814 20,667 21,073 20,709 21,857
24 16 days to 90 days 0 0 0 0 0
End of month
2003
Type of holding and
maturity Mar. Apr. May
1 Total loans 30 35 80
2 Within 15 days 30 28 66
3 16 days to 90 days 0 7 14
4 91 days to 1 year 0 0 0
5 Total U.S.
Treasury
securities (1) 641,464 647,271 651,117
6 Within 15 days 24,647 (r) 46,750 (r) 36,449
7 16 days 1o 90 days 146,179 126,284 153,457
8 91 days to 1 year 149,328 153,916 154,081
9 Over 1 year to 5
years 189,111 188,832 180,472
10 Over 5 years to 10
years 52,290 51,538 46,672
11 Over 10 years 79,908 79,952 79,987
12 Total federal
agency
securities 10 10 10
13 Within 15 days 0 0 0
14 16 days to 90 days 0 0 0
15 91 days to 1 year 10 10 10
16 Over 1 year to 5
years 0 0 0
17 Over 5 years to 10
years 0 0 0
18 Over 10 years 0 0 0
19 Total repurchase
agreements (2) 31,750 37,501 30,240
20 Within 15 days 21,750 33,500 22,240
21 16 days to 90 days 10,000 4,001 8,000
22 Total reverse
repurchase
agreements (2) 19,418 20,814 22,285
23 Within 15 days 19,418 20,814 22,285
24 16 days to 90 days 0 0 0
Note. Components may not sum to totals because of rounding.
(1.) Includes the original face value of inflation-indexed securities
and compensation that adjusts for the effect of inflation on the
original face value of such securities.
(2.) Cash value of agreements classified by remaining maturity of the
agreements.
1.20 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE (1)
Billions of dollars, averages of daily figures
Item 1999 2000 2001 2002
Dec. Dec. Dec. Dec. (r)
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (2)
1 Total reserves (3) 41.81 38.54 41.24 40.22
2 Nonborrowed
reserves (4) 41.49 38.33 41.18 40.14
3 Required reserves 40.51 37.11 39.60 38.21
4 Monetary base (5) 593.16 (r) 584.77 (r) 635.62 (r) 681.90
Not seasonally adjusted
5 Total reserves (6) 41.89 38.53 41.20 40.13
6 Nonborrowcd
reserves 41.57 38.32 41.13 40.05
7 Required reserves
(7) 40.59 37.10 39.55 38.12
8 Monetary base (8) 600.72 590.06 639.91 686.23
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (9)
9 Total reserves
(10) 41.65 38.47 41.08 40.27
10 Nonborrowed
reserves 41.33 38.26 41.01 40.19
11 Required reserves 40.36 37.05 39.43 38.26
12 Monetary base (11) 608.02 596.98 648.74 697.15
13 Excess reserves
(12) 1.30 1.43 1.65 2.01
14 Borrowings from
the Federal
Reserve .32 .21 .07 .08
2002
Item Oct. (r) Nov. (r) Dec. (r) Jan. (r)
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (2)
1 Total reserves (3) 39.17 39.76 40.22 40.73
2 Nonborrowed
reserves (4) 39.03 39.49 40.14 40.70
3 Required reserves 37.64 38.12 38.21 39.02
4 Monetary base (5) 674.25 677.61 681.90 685.72
Not seasonally adjusted
5 Total reserves (6) 38.53 39.05 40.13 42.85
6 Nonborrowcd
reserves 38.39 38.78 40.05 42.83
7 Required reserves
(7) 37.00 37.42 38.12 41.15
8 Monetary base (8) 671.43 676.72 686.23 688.33
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (9)
9 Total reserves
(10) 38.67 39.21 40.27 42.87
10 Nonborrowed
reserves 38.53 38.94 40.19 42.84
11 Required reserves 37.14 37.58 38.26 41.16
12 Monetary base (11) 681.78 687.29 697.15 699.25
13 Excess reserves
(12) 1.54 1.64 2.01 1.71
14 Borrowings from
the Federal
Reserve .14 .27 .08 .03
2003
Item Feb. (r) Mar. (r) Apr. (r) May
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (2)
1 Total reserves (3) 40.82 40.97 40.81 40.99
2 Nonborrowed
reserves (4) 40.80 40.95 40.78 40.93
3 Required reserves 38.86 39.34 39.27 39.37
4 Monetary base (5) 691.31 695.14 698.21 701.14
Not seasonally adjusted
5 Total reserves (6) 41.94 40.60 41.16 41.79
6 Nonborrowcd
reserves 41.91 40.57 41.14 41.73
7 Required reserves
(7) 39.97 38.96 39.63 40.17
8 Monetary base (8) 690.25 693.91 697.81 701.53
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (9)
9 Total reserves
(10) 41.94 40.60 41.17 41.80
10 Nonborrowed
reserves 41.91 40.58 41.14 41.75
11 Required reserves 39.97 38.96 39.64 40.18
12 Monetary base (11) 701.14 705.04 709.08 712.71
13 Excess reserves
(12) 1.97 1.64 1.53 1.62
14 Borrowings from
the Federal
Reserve .03 .02 .03 .06
(1.) Latest monthly and biweekly figures are available front 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.) 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.
(6.) Break-adjusted total reserves equal break-adjusted required
reserves (line 9) plus excess reserves (line 16).
(7.) 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).
(8.) 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.
(9.) 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.
(10.) Reserve balances with Federal Reserve Banks plus vault cash used
to satisfy reserve requirements.
(11.) The monetary base, not break-adjusted and not seasonally
adjusted, consists of (1) total reserves (line 11), plus 12) 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.
(12.) Unadjusted total reserves (line 11) less unadjusted required
reserves (line 14).
1.21 MONEY STOCK MEASURES (1)
Billions of dollars, averages of daily figures
1999 2000 2001 2002
Item Dec. (r) Dec. (r) Dec. (r) Dec. (r)
Seasonally adjusted
Measure (2)
1 M1 1,121.4 1,084.7 1,172.9 1,211.1
2 M2 4,649.7 4,931.3 5,444.4 5,792.0
3 M3 6,534.9 7,099.0 8,004.4 8,519.1
M1 components
4 Currency (3) 517.7 531.5 581.9 627.3
5 Travelers checks (4) 8.3 8.0 7.8 7.5
6 Demand deposits (5) 352.1 306.9 326.1 297.7
7 Other checkable
deposits (6) 243.4 238.2 257.2 278.6
Nontransaction
components
8 In M2 (7) 3,528.3 3,846.7 4,271.6 4,580.9
9 In M3 only (8) 1,885.1 2,167.9 2,559.9 2,727.1
Commercial banks
10 Savings deposits,
including MMDAs 1,288.8 1,422.9 1,734.6 2,047.8
11 Small time deposits
(9) 634.6 699.5 634.2 591.1
12 Large time deposits
(10,11) 652.2 718.3 671.1 676.7
Thrift institutions
13 Savings deposits,
including MMDAs 452.0 454.3 572.4 714.4
14 Small time deposits
(9) 319.5 344.8 339.1 302.1
15 Large time deposits
(10) 91.9 103.0 114.9 117.3
Money market mutual
funds
16 Retail 833.4 925.2 991.3 925.5
17 Institution-only 634.8 788.8 1,190.3 1,234.5
Repurchase agreements
and eurodollars
18 Repurchase agreements
(12) 335.7 363.5 375.0 470.7
19 Eurodollars (12) 170.5 194.3 208.6 227.9
Not seasonally adjusted
Measures (2)
20 M1 1,147.8 1,112.1 1,202.9 1,241.0
21 M2 4,676.8 4,966.7 5,487.4 5,841.4
22 M3 6,577.5 7,153.8 8,076.1 8,596.7
M1 components
23 Currency (3) 521.7 535.6 585.4 630.6
24 Travelers checks (4) 8.4 8.1 7.9 7.7
25 Demand deposits (5) 371.7 326.7 348.1 318.2
26 Other checkable
deposits (6) 246.0 241.6 261.5 284.6
Nontransaction
components
27 In M2 (7) 3,529.0 3,854.7 4,284.4 4,600.4
28 In M3 only (8) 1,900.7 2,187.1 2,588.7 2,755.3
Commercial banks
29 Savings deposits,
including MMDAs 1,288.7 1,427.5 1,742.4 2,060.4
30 Small time deposits
(9) 635.6 700.6 635.1 591.7
31 Large time deposits
(10,11) 653.6 718.5 670.0 675.0
Thrift institutions
32 Savings deposits,
including MMDAs 451.9 455.8 575.0 718.8
33 Small time deposits
(9) 320.0 345.4 339.6 302.5
34 Large time deposits
(10) 92.1 103.0 114.7 117.0
Money market mutual
funds
35 Retail 832.7 925.3 992.4 927.0
36 Institution-only 648.6 806.1 1,218.3 1,262.3
Repurchase agreements
and eurodollars
37 Repurchase agreements
(12) 334.7 364.2 376.5 472.5
38 Eurodollars (12) 171.7 195.2 209.1 228.5
2003
Item Feb. (r) Mar. (r) Apr. (r) May
Seasonally adjusted
Measure (2)
1 M1 1,233.8 1,237.1 1,237.4 1,258.3
2 M2 5,876.0 5,889.9 5,912.8 5,999.3
3 M3 8,556.3 8,576.8 8,589.5 8,683.1
M1 components
4 Currency (3) 636.1 640.2 643.1 645.7
5 Travelers checks (4) 7.6 7.5 7.4 7.5
6 Demand deposits (5) 306.5 304.4 304.5 315.7
7 Other checkable
deposits (6) 283.6 284.9 282.3 289.4
Nontransaction
components
8 In M2 (7) 4,642.2 4,652.8 4,675.4 4,740.9
9 In M3 only (8) 2,680.3 2,686.9 2,676.6 2,683.8
Commercial banks
10 Savings deposits,
including MMDAs 2,107.6 2,115.2 2,146.4 2,188.3
11 Small time deposits
(9) 583.9 580.6 576.1 570.7
12 Large time deposits
(10,11) 682.7 688.2 689.7 702.4
Thrift institutions
13 Savings deposits,
including MMDAs 743.1 755.1 767.0 792.7
14 Small time deposits
(9) 298.0 296.5 295.3 292.9
15 Large time deposits
(10) 118.5 117.7 117.9 116.9
Money market mutual
funds
16 Retail 909.7 905.5 890.6 896.3
17 Institution-only 1,178.7 1,165.8 1,144.0 1,124.8
Repurchase agreements
and eurodollars
18 Repurchase agreements
(12) 475.7 493.4 501.0 516.3
19 Eurodollars (12) 224.8 221.8 224.0 233.4
Not seasonally adjusted
Measures (2)
20 M1 1,219.5 1,238.6 1,253.5 1,251.8
21 M2 5,858.0 5,922.4 5,979.6 5,964.6
22 M3 8,586.1 8,638.3 8,651.1 8,658.5
M1 components
23 Currency (3) 635.2 639.9 643.3 646.4
24 Travelers checks (4) 7.7 7.7 7.5 7.5
25 Demand deposits (5) 298.0 303.3 308.3 308.3
26 Other checkable
deposits (6) 278.7 287.8 294.4 289.5
Nontransaction
components
27 In M2 (7) 4,638.4 4,683.8 4,726.1 4,712.8
28 In M3 only (8) 2,728.1 2,716.0 2,671.5 2,693.9
Commercial banks
29 Savings deposits,
including MMDAs 2,096.6 2,126.3 2,170.9 2,177.4
30 Small time deposits
(9) 583.8 579.8 575.1 570.0
31 Large time deposits
(10,11) 678.9 686.0 688.2 708.3
Thrift institutions
32 Savings deposits,
including MMDAs 739.2 759.1 775.8 788.8
33 Small time deposits
(9) 297.9 296.1 294.8 292.6
34 Large time deposits
(10) 117.8 117.3 117.6 117.9
Money market mutual
funds
35 Retail 920.9 922.6 909.4 884.1
36 Institution-only 1,216.2 1,187.5 1,141.1 1,118.9
Repurchase agreements
and eurodollars
37 Repurchase agreements
(12) 486.9 499.5 497.2 513.6
38 Eurodollars (12) 228.4 225.7 227.3 235.2
(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 al all depository
institutions, credit union share draft account balances, and demand
deposits at thrill institutions.
(7.) Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances.
(8.) Sum of (1) large lime 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 bath overnight and term.
1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities (1)
A. All commercial banks
Billions of dollars
Monthly averages
Account 2002 2002
May Nov. (r) Dec. (r)
Seasonally adjusted
Assets
1 Bank credit 5,492.4 (r) 5,837.8 5,894.7
2 Securities in
bank credit 1,529.2 (r) 1,679.3 1,708.7
3 U.S. government
securities 889.7 1,004.3 1,020.1
4 Other securities 639.5 (r) 675.0 688.6
5 Loans and leases
in bank credit (2) 3,963.3 4,158.5 4,186.0
6 Commercial and
industrial 999.3 (r) 968.0 966.0
7 Real estate 1,818.7 2,007.9 2,030.0
8 Revolving home
equit 178.9 209.2 213.8
9 Other 1,639.7 1,798.8 1,816.1
10 Consumer 568.4 (r) 585.6 588.1
11 Security (3) 169.9 185.8 189.5
12 Other loans and
leases 407.0 (r) 411.2 412.4
13 Interbank loans 287.7 325.5 328.4
14 Cash assets (4) 302.5 315.4 316.9
15 Other assets (5) 482.4 510.1 508.1
16 Total assels (6) 6,489.3 (r) 6,912.0 6,971.4
Liabilities
17 Deposits 4,350.2 4,509.3 4,487.4
18 Transaction 610.0 605.9 611.3
19 Nontransaction 3,740.2 3,903.4 3,876.1
20 Large time 1,040.1 1,005.7 978.6
21 Other 2,700.1 2,897.6 2,897.6
22 Borrowings 1,240.4 1,366.1 1,397.3
23 From banks in the
U.S. 383.4 421.9 417.5
24 From others 857.0 944.2 979.8
25 Net due to related
foreign offices 88.4 (r) 122.0 152.0
26 Other liabilities 342.4 431.5 442.5
27 Total liabilities 6,021.4 (r) 6,428.8 6,479.2
28 Residual (assets less
liabilities) (7) 467.9 (r) 483.2 492.2
Not seasonally adjusted
Assets
29 Bank credit 5,487.4 (r) 5,853.2 5,928.7
30 Securities in bank
credit 1,527.3 (r) 1,682.6 1,715.3
31 U.S.government
securities 888.1 1,006.0 1,024.4
32 Other securities 639.3 (r) 676.5 691.0
33 Loans and leases in
bank credit (2) 3,960.1 4,170.6 4,213.4
34 Commercial and
industrial 1,003.0 (r) 968.0 964.7
35 Real estate 1,821.6 2,012.5 2,034.5
36 Revolving home
equity 179.8 209.0 213.4
37 Other 1,641.8 1,803.4 1,821.1
38 Consumer 566.9 (r) 588.0 597.0
39 Credit cards and
related plans 222.6 231.6 238.5
40 Other 344.3 (r) 356.4 358.4
41 Security (3) 163.0 190.2 200.1
42 Other loans and
leases 405.6 (r) 412.0 417.0
43 Interbank loans 284.8 330.6 335.4
44 Cash assets (4) 299.3 325.2 339.1
45 Other assets (5) 480.5 513.6 512.9
46 Total assets (6) 6,476.2 (r) 6,946.0 7,039.5
Liabilities
47 Deposits 4,344.7 4,524.3 4,538.2
48 Transaction 600.3 613.5 644.1
49 Nontransaction 3,744.5 3,910.8 3,894.1
50 Large time 1,045.1 (r) 1,009.6 991.3
51 Other 2,699.3 2,901.2 2,902.8
52 Borrowings 1,245.7 1,367.4 1,396.5
53 From banks in the
U.S. 385.6 418.6 419.3
54 From others 860.1 948.8 977.2
55 Net due to related
foreign offices 88.3 (r) 125.9 158.2
56 Other liabilities 341.9 437.5 449.5
57 Total liabilities 6,020.6 (r) 6,455.1 6,542.3
58 Residual (assets less
liabilities) (7) 455.6 (r) 490.8 497.2
Monthly averages
Account 2003
Jan. (r) Feb. (r) Mar. (r) Apr. (r)
Seasonally adjusted
Assets
1 Bank credit 5,889.1 5,965.3 5,995.0 6,028.4
2 Securities in
bank credit 1,702.6 1,746.0 1,757.9 1,769.8
3 U.S. government
securities 1,022.6 1,051.0 1,063.5 1,095.4
4 Other securities 680.1 695.0 694.4 674.4
5 Loans and leases
in bank credit (2) 4,186.5 4,219.3 4,237.2 4,258.6
6 Commercial and
industrial 961.5 955.2 949.7 947.8
7 Real estate 2,048.1 2,080.8 2,094.7 2,111.0
8 Revolving home
equit 217.7 222.2 229.3 233.3
9 Other 1,830.4 1,858.6 1,865.4 1,877.8
10 Consumer 591.9 591.8 586.9 583.9
11 Security (3) 174.8 181.3 194.1 193.4
12 Other loans and
leases 410.2 410.3 411.7 422.5
13 Interbank loans 307.3 305.0 314.2 307.1
14 Cash assets (4) 313.7 318.3 325.8 321.9
15 Other assets (5) 508.1 531.9 521.9 527.5
16 Total assels (6) 6,941.1 7,043.5 7,080.2 7,109.3
Liabilities
17 Deposits 4,506.9 4,535.4 4,585.7 4,613.4
18 Transaction 608.0 613.7 619.5 632.3
19 Nontransaction 3,899.0 3,921.6 3,966.1 3,981.1
20 Large time 979.4 995.2 1,001.6 985.3
21 Other 2,919.6 2,926.4 2,964.5 2,995.7
22 Borrowings 1,331.2 1,362.7 1,384.2 1,393.0
23 From banks in the
U.S. 380.8 388.1 397.4 397.4
24 From others 950.4 974.6 986.7 995.6
25 Net due to related
foreign offices 161.2 150.6 144.8 151.4
26 Other liabilities 446.4 460.0 453.9 458.4
27 Total liabilities 6,445.7 6,508.6 6,568.5 6,616.2
28 Residual (assets less
liabilities) (7) 495.4 534.9 511.7 493.1
Not seasonally adjusted
Assets
29 Bank credit 5,906.2 5,968.7 5,983.8 6,023.0
30 Securities in bank
credit 1,713.0 1,755.1 1,762.9 1,767.6
31 U.S.government
securities 1,027.4 1,057.4 1,068.5 1,095.3
32 Other securities 685.6 697.8 694.4 672.4
33 Loans and leases in
bank credit (2) 4,193.2 4,213.6 4,221.0 4,255.4
34 Commercial and
industrial 955.6 953.2 951.0 951.5
35 Real estate 2,048.5 2,076.5 2,085.7 2,107.4
36 Revolving home
equity 217.0 222.5 227.2 233.0
37 Other 1,831.5 1,854.0 1,858.5 1,874.4
38 Consumer 599.6 595.0 584.6 581.1
39 Credit cards and
related plans 234.0 225.8 219.6 215.2
40 Other 365.6 369.1 365.9 365.9
41 Security (3) 181.0 183.0 189.6 192.7
42 Other loans and
leases 408.5 405.9 409.9 422.7
43 Interbank loans 304.0 302.2 320.8 318.3
44 Cash assets (4) 329.7 318.8 314.9 320.5
45 Other assets (5) 511.9 529.4 521.1 526.9
46 Total assets (6) 6,974.9 7,041.9 7,063.7 7,113.1
Liabilities
47 Deposits 4,530.3 4,556.3 4,592.8 4,638.5
48 Transaction 622.0 606.1 611.1 638.2
49 Nontransaction 3,908.2 3,950.0 3,981.6 4,000.3
50 Large time 996.0 1,005.8 1,004.3 989.7
51 Other 2,912.3 2,944.3 2,977.3 3,010.6
52 Borrowings 1,344.3 1,364.9 1,380.5 1,397.2
53 From banks in the
U.S. 385.4 391.6 400.8 401.5
54 From others 958.9 973.2 979.7 995.7
55 Net due to related
foreign offices 165.3 156.1 142.7 141.7
56 Other liabilities 450.2 466.3 450.3 445.9
57 Total liabilities 6,490.0 6,543.5 6,566.3 6,623.3
58 Residual (assets less
liabilities) (7) 484.9 498.4 497.3 489.7
Monthly Wednesday figures
averages
Account 2003 2003
May May 7 May 14 May 21
Seasonally adjusted
Assets
1 Bank credit 6,115.7 6,082.2 6,116.3 6,110.5
2 Securities in
bank credit 1,826.6 1,803.1 1,818.4 1,824.3
3 U.S. government
securities 1,126.9 1,118.3 1,120.6 1,122.5
4 Other securities 699.7 684.8 697.8 701.9
5 Loans and leases
in bank credit (2) 4,289.1 4,279.1 4,297.8 4,286.2
6 Commercial and
industrial 936.9 939.2 939.8 937.2
7 Real estate 2,134.2 2,137.5 2,142.0 2,129.4
8 Revolving home
equit 236.9 234.6 235.9 237.2
9 Other 1,897.2 1,902.9 1,906.1 1,892.2
10 Consumer 587.9 585.1 587.1 588.2
11 Security (3) 199.4 193.0 200.1 198.8
12 Other loans and
leases 430.8 424.3 428.9 432.6
13 Interbank loans 318.6 317.4 327.2 313.6
14 Cash assets (4) 325.2 321.1 322.9 322.4
15 Other assets (5) 554.1 549.0 551.8 551.0
16 Total assels (6) 7,237.7 7,193.8 7,242.2 7,221.3
Liabilities
17 Deposits 4,646.5 4,621.3 4,663.7 4,626.4
18 Transaction 633.5 601.9 634.0 640.1
19 Nontransaction 4,013.0 4,019.4 4,029.7 3,986.3
20 Large time 999.0 988.7 998.3 1,001.6
21 Other 3,014.0 3,030.6 3,031.4 2,984.7
22 Borrowings 1,426.2 1,419.6 1,413.1 1,417.8
23 From banks in the
U.S. 389.9 392.6 388.0 385.9
24 From others 1,036.4 1,027.0 1,025.1 1,031.9
25 Net due to related
foreign offices 160.9 178.2 155.2 159.5
26 Other liabilities 483.4 466.7 490.8 490.0
27 Total liabilities 6,717.0 6,685.8 6,722.8 6,693.7
28 Residual (assets less
liabilities) (7) 520.7 508.0 519.4 527.7
Not seasonally adjusted
Assets
29 Bank credit 6,111.1 6,083.9 6,112.4 6,101.0
30 Securities in bank
credit 1,824.4 1,801.7 1,816.1 1,821.3
31 U.S.government
securities 1,124.9 1,115.4 1,118.5 1,121.0
32 Other securities 699.4 686.3 697.6 701.3
33 Loans and leases in
bank credit (2) 4,286.7 4,282.2 4,296.3 4,279.7
34 Commercial and
industrial 940.7 945.7 943.5 940.4
35 Real estate 2,138.0 2,140.7 2,147.7 2,133.0
36 Revolving home
equity 238.1 236.0 237.2 238.4
37 Other 1,899.9 1,904.7 1,910.4 1,894.7
38 Consumer 586.7 583.7 586.3 587.5
39 Credit cards and
related plans 220.4 218.4 219.7 219.9
40 Other 366.3 365.4 366.6 367.6
41 Security (3) 192.3 188.5 192.2 189.7
42 Other loans and
leases 429.1 423.6 426.7 429.1
43 Interbank loans 314.3 318.6 321.8 303.8
44 Cash assets (4) 321.4 314.8 316.5 305.2
45 Other assets (5) 552.1 552.7 553.7 545.7
46 Total assets (6) 7,222.7 7,193.9 7,228.2 7,179.5
Liabilities
47 Deposits 4,639.5 4,626.6 4,655.4 4,599.4
48 Transaction 623.3 591.2 622.0 617.1
49 Nontransaction 4,016.2 4,035.5 4,033.4 3,982.2
50 Large time 1,002.6 994.0 1,000.7 1,004.1
51 Other 3,013.6 3,041.5 3,032.6 2,978.1
52 Borrowings 1,431.9 1,437.6 1,422.3 1,417.1
53 From banks in the
U.S. 392.2 398.6 391.5 386.7
54 From others 1,039.7 1,039.0 1,030.8 1,030.5
55 Net due to related
foreign offices 160.4 173.0 154.4 159.3
56 Other liabilities 482.6 460.7 489.1 489.7
57 Total liabilities 6,714.4 6,698.0 6,721.1 6,665.5
58 Residual (assets less
liabilities) (7) 508.3 495.9 507.1 514.0
Wednesday
figures
Account
May 28
Seasonally
adjusted
Assets
1 Bank credit 6,132.9
2 Securities in
bank credit 1,845.0
3 U.S. government
securities 1,138.4
4 Other securities 706.6
5 Loans and leases
in bank credit (2) 4,288.0
6 Commercial and
industrial 936.1
7 Real estate 2,122.9
8 Revolving home
equit 238.4
9 Other 1,884.5
10 Consumer 590.1
11 Security (3) 202.4
12 Other loans and
leases 436.4
13 Interbank loans 317.0
14 Cash assets (4) 340.4
15 Other assets (5) 560.3
16 Total assels (6) 7,274.5
Liabilities
17 Deposits 4,659.8
18 Transaction 673.1
19 Nontransaction 3,986.7
20 Large time 1,002.2
21 Other 2,984.4
22 Borrowings 1,445.0
23 From banks in the
U.S. 388.3
24 From others 1,056.7
25 Net due to related
foreign offices 162.1
26 Other liabilities 479.8
27 Total liabilities 6,746.7
28 Residual (assets less
liabilities) (7) 527.9
Not seasonally
adjusted
Assets
29 Bank credit 6,122.9
30 Securities in bank
credit 1,840.3
31 U.S.government
securities 1,135.0
32 Other securities 705.4
33 Loans and leases in
bank credit (2) 4,282.0
34 Commercial and
industrial 937.7
35 Real estate 2,126.2
36 Revolving home
equity 239.5
37 Other 1,886.7
38 Consumer 588.9
39 Credit cards and
related plans 223.6
40 Other 365.4
41 Security (3) 195.7
42 Other loans and
leases 434.1
43 Interbank loans 307.7
44 Cash assets (4) 349.3
45 Other assets (5) 552.4
46 Total assets (6) 7,256.1
Liabilities
47 Deposits 4,647.8
48 Transaction 669.5
49 Nontransaction 3,978.4
50 Large time 1,006.7
51 Other 2,971.6
52 Borrowings 1,442.5
53 From banks in the
U.S. 387.9
54 From others 1,054.6
55 Net due to related
foreign offices 166.4
56 Other liabilities 484.8
57 Total liabilities 6,741.5
58 Residual (assets less
liabilities) (7) 514.6
Footnotes appear on p. A21.
1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities (1)
B. Domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 2002 2002
May Nov. Dec. (r)
Seasonally adjusted
Assets
1 Bank credit 4,897.5 5,217.8 (r) 5,258.7
2 Securities in bank
credit 1,299.7 1,431.5 1,447.1
3 U.S. government
securities 816.5 910.8 918.2
4 Other securities 483.2 520.7 528.9
5 Loans and leases
in bank credit (2) 3,597.9 3,786.3 (r) 3,811.7
6 Commercial and
industrial 803.3 789.0 (r) 787.6
7 Real estate 1,800.6 1,988.0 (r) 2,010.5
8 Revolving home
equity 178.9 209.2 213.8
9 Other 1,621.6 1,778.8 (r) 1,796.6
10 Consumer 568.4 (r) 585.6 (r) 588.1
11 Security (3) 88.8 81.1 79.4
12 Other loans and
leases 336.7 (r) 342.6 (r) 346.1
13 Interbank loans 264.5 300.0 298.3
14 Cash assets (4) 256.5 273.0 272.3
15 Other assets (5) 456.3 475.5 (r) 472.2
16 Total assets (6) 5,799.5 6,190.0 6,225.4
Liabilities
17 Deposits 3,846.3 4,056.7 4,061.9
18 Transaction 599.4 596.7 602.1
19 Nontransaction 3,247.0 3,460.0 3,459.8
20 Large time 549.0 571.4 569.9
21 Other 2,697.9 2,888.6 2,889.9
22 Borrowings 1,050.9 1,114.9 1,119.4
23 From banks in the
U.S. 362.7 396.7 387.5
24 From others 688.2 718.2 (r) 731.9
25 Net due to related
foreign offices 180.2 196.3 212.1
26 Other liabilities 268.1 332.2 (r) 340.3
27 Total liabilities 5,345.5 5,700.0 5,733.7
28 Residual (assets less
liabilities) (7) 454.0 489.9 (r) 491.7
Not seasonally adjusted
Assets
29 Bank credit 4,896.8 5,229.6 (r) 5,282.7
30 Securities in bank
credit 1,297.9 1,434.8 1,453.7
31 U.S. government
securities 814.9 912.5 922.4
32 Other securities 483.0 522.3 531.3
33 Loans and leases in
bank credit (2) 3,598.9 3,794.8 (r) 3,829.1
34 Commercial and
industrial 809.2 787.7 (r) 784.9
35 Real estate. 1,803.5 1,992.5 (r) 2,015.0
36 Revolving home
equity 179.8 209.0 213.4
37 Other 1,623.7 1,783.5 (r) 1,801.7
38 Consumer 566.9 (r) 588.0 (r) 597.0
39 Credit cards and
related plans 222.6 231.6 238.5
40 Other 344.3 (r) 356.4 (r) 358.4
41 Security (3) 83.5 83.4 83.4
42 Other loans and
leases 335.8 343.2 (r) 348.8
43 Interbank loans 261.6 305.1 (r) 305.4
44 Cash assets (4) 254.8 280.4 291.3
45 Other assets (5) 454.3 479.1 (r) 475.9
46 Total assets (6) 5,792.0 6,218.0 6,279.2
Liabilities
47 Deposits 3,834.6 4,071.6 4,101.8
48 Transaction 590.1 604.0 634.1
49 Nontransaction 3,244.5 3,467.6 3,467.7
50 Large time 547.4 575.4 572.7
51 Other 2,697.1 2,892.2 2,895.0
52 Borrowings 1,056.3 1,116.2 1,118.5
53 From banks in the
U.S. 365.0 393.5 389.2
54 From others 691.3 722.7 729.3
55 Net due to related
foreign offices 179.6 201.5 216.6
56 Other liabilities 267.3 339.1 346.1
57 Total liabilities 5,137.8 5,728.4 5,783.0
58 Residual (assets less
liabilities) (7) 454.2 489.6 496.1
Monthly averages
Account 2003
Jan. (r) Feb. (r) Mar. (r) Apr. (r)
Seasonally adjusted
Assets
1 Bank credit 5,261.1 5,324.4 5,337.2 5,378.1
2 Securities in bank
credit 1,439.7 1,472.7 1,480.1 1,498.5
3 U.S. government
securities 918.7 940.5 947.1 976.5
4 Other securities 521.0 532.3 533.0 521.9
5 Loans and leases
in bank credit (2) 3,821.4 3,851.7 3,857.2 3,879.6
6 Commercial and
industrial 784.3 781.0 778.0 775.5
7 Real estate 2,028.4 2,061.0 2,074.9 2,092.0
8 Revolving home
equity 217.7 222.2 229.3 233.3
9 Other 1,810.7 1,838.8 1,845.6 1,858.7
10 Consumer 591.9 591.8 586.9 583.9
11 Security (3) 71.5 73.2 72.2 72.4
12 Other loans and
leases 345.4 344.7 345.2 355.8
13 Interbank loans 279.1 278.8 286.7 283.1
14 Cash assets (4) 273.6 279.6 282.7 276.7
15 Other assets (5) 468.8 491.9 486.9 489.5
16 Total assets (6) 6,206.0 6,297.5 6,317.3 6,352.2
Liabilities
17 Deposits 4,080.4 4,092.5 4,137.2 4,177.0
18 Transaction 598.2 603.5 608.1 621.0
19 Nontransaction 3,482.2 3,489.0 3,529.2 3,556.0
20 Large time 577.6 583.5 583.6 582.1
21 Other 2,904.6 2,905.5 2,945.6 2,974.0
22 Borrowings 1,062.1 1,092.7 1,095.9 1,099.1
23 From banks in the
U.S. 349.8 357.0 363.7 369.9
24 From others 712.3 735.7 732.1 729.2
25 Net due to related
foreign offices 231.5 229.1 229.2 228.0
26 Other liabilities 346.0 355.2 354.1 363.1
27 Total liabilities 5,720.0 5,769.5 5,816.4 5,867.2
28 Residual (assets less
liabilities) (7) 486.0 528.0 501.0 485.0
Not seasonally adjusted
Assets
29 Bank credit 5,270.5 5,323.4 5,327.9 5,372.8
30 Securities in bank
credit 1,450.1 1,481.9 1,485.1 1,496.3
31 U.S. government
securities 923.5 946.8 952.1 976.4
32 Other securities 526.6 535.1 533.0 519.9
33 Loans and leases in
bank credit (2) 3,820.4 3,841.6 3,842.8 3,876.5
34 Commercial and
industrial 778.3 777.6 777.8 780.3
35 Real estate. 2,028.8 2,028.8 2,065.9 2,088.4
36 Revolving home
equity 217.0 222.5 227.2 233.0
37 Other 1,811.8 1,834.3 1,838.7 1,855.4
38 Consumer 599.6 595.0 584.6 581.1
39 Credit cards and
related plans 234.0 225.8 219.6 215.2
40 Other 365.6 369.1 365.6 365.9
41 Security (3) 70.7 72.0 71.9 71.3
42 Other loans and
leases 343.0 340.2 342.5 355.5
43 Interbank loans 275.9 275.2 29.3 294.3
44 Cash assets (4) 286.6 279.1 273.0 277.3
45 Other assets (5) 471.2 488.9 485.3 489.0
46 Total assets (6) 6,227.7 6,289.8 6,102.9 6,358.3
Liabilities
47 Deposits 4,087.5 4,103.3 4,140.3 4,196.2
48 Transaction 612.0 595.8 600.0 627.5
49 Nontransaction 3,475.6 3,507.4 3,540.3 3,568.7
50 Large time 578.9 584.4 582.1 580.2
51 Other 2,896.7 2,923.0 2,958.2 2,988.5
52 Borrowings 1,075.2 1,094.9 1,092.2 1,103.2
53 From banks in the
U.S. 354.4 360.5 367.1 374.0
54 From others 720.8 734.4 725.1 729.2
55 Net due to related
foreign offices 233.1 233.4 224.9 218.7
56 Other liabilities 348.0 360.6 348.8 351.0
57 Total liabilities 5,743.8 5,792.1 5,806.2 5,869.1
58 Residual (assets less
liabilities) (7) 483.9 497.7 496.7 489.2
Monthly Wednesday figures
averages
Account 2003
May May 7 May 14 May 21
Seasonally adjusted
Assets
1 Bank credit 5,454.1 5,429.0 5,457.3 5,450.7
2 Securities in bank
credit 1,544.3 1,528.4 1,538.1 1,539.9
3 U.S. government
securities 1,102.6 998.2 998.3 996.9
4 Other securities 541.7 530.2 539.9 543.0
5 Loans and leases
in bank credit (2) 3,909.7 3,900.6 3,919.1 3,910.9
6 Commercial and
industrial 767.3 768.0 768.4 767.6
7 Real estate 2,115.0 2,118.3 2,122.8 2,110.2
8 Revolving home
equity 236.9 234.6 235.9 237.2
9 Other 1,878.1 1,883.7 1,887.0 1,873.0
10 Consumer 587.9 585.1 587.1 588.2
11 Security (3) 80.9 76.1 82.1 83.3
12 Other loans and
leases 358.7 353.1 358.7 361.6
13 Interbank loans 294.0 293.4 304.2 289.6
14 Cash assets (4) 273.0 270.9 271.2 270.1
15 Other assets (5) 506.6 504.3 503.3 505.8
16 Total assets (6) 6,452.1 6,422.1 6,460.4 6,440.7
Liabilities
17 Deposits 4,207.7 4,189.2 4,224.7 4,187.3
18 Transaction 622.4 590.2 623.4 629.4
19 Nontransaction 3,585.3 3,599.0 3,601.2 3,557.9
20 Large time 595.3 594.0 593.8 594.3
21 Other 2,990.0 3,005.0 3,007.5 2,963.6
22 Borrowings 1,124.4 1,119.4 1,119.1 1,122.6
23 From banks in the
U.S. 358.1 361.4 357.0 355.0
24 From others 766.3 758.0 762.1 767.6
25 Net due to related
foreign offices 238.7 254.1 232.7 237.8
26 Other liabilities 373.5 362.9 377.5 378.8
27 Total liabilities 5,944.4 5,925.6 5,954.0 5,926.6
28 Residual (assets less
liabilities) (7) 507.7 496.6 506.4 514.1
Not seasonally adjusted
Assets
29 Bank credit 5,454.2 5,433.8 5,457.5 5,447.9
30 Securities in bank
credit 1,542.1 1,527.1 1,535.8 1,536.8
31 U.S. government
securities 1,000.6 995.3 996.1 995.4
32 Other securities 541.5 531.8 539.7 541.4
33 Loans and leases in
bank credit (2) 3,912.1 3,966.7 3,921.7 3,911.0
34 Commercial and
industrial 773.0 776.3 774.0 772.8
35 Real estate. 2,118.8 2,121.5 2,128.5 2,113.9
36 Revolving home
equity 238.1 236.0 237.2 238.4
37 Other 1,880.7 1,885.5 1,891.3 1,875.5
38 Consumer 586.7 583.7 586.3 587.5
39 Credit cards and
related plans 220.4 218.4 219.7 219.9
40 Other 366.3 365.4 366.6 367.6
41 Security (3) 76.1 72.4 76.2 77.8
42 Other loans and
leases 357.5 352.9 356.7 359.1
43 Interbank loans 289.6 294.6 298.8 279.9
44 Cash assets (4) 271.0 266.3 266.1 255.0
45 Other assets (5) 504.4 507.3 504.3 500.6
46 Total assets (6) 6,443.4 6,426.3 6,451.0 6,407.7
Liabilities
47 Deposits 4,195.3 4,187.6 4,211.4 4,156.1
48 Transaction 612.7 580.0 611.9 607.0
49 Nontransaction 3,582.6 3,607.6 3,599.4 3,549.1
50 Large time 593.5 592.2 591.0 592.2
51 Other 2,989.2 3,015.4 3,008.4 2,956.8
52 Borrowings 1,130.1 1,137.3 1,128.3 1,121.8
53 From banks in the
U.S. 360.5 367.4 360.5 355.7
54 From others 769.6 769.9 767.9 766.1
55 Net due to related
foreign offices 237.8 249.0 230.3 237.7
56 Other liabilities 372.4 357.0 374.4 378.6
57 Total liabilities 5,935.7 5,930.9 5,944.4 5,894.3
58 Residual (assets less
liabilities) (7) 507.7 495.3 506.5 513.4
Wednesday
figures
Account 2003
May 28
Seasonally
adjusted
Assets
1 Bank credit 5,462.7
2 Securities in bank
credit 1,558.2
3 U.S. government
securities 1,010.3
4 Other securities 547.9
5 Loans and leases
in bank credit (2) 3,904.5
6 Commercial and
industrial 767.6
7 Real estate 2,103.7
8 Revolving home
equity 238.4
9 Other 1,865.3
10 Consumer 590.1
11 Security (3) 80.8
12 Other loans and
leases 362.3
13 Interbank loans 290.5
14 Cash assets (4) 286.6
15 Other assets (5) 510.2
16 Total assets (6) 6,474.3
Liabilities
17 Deposits 4,219.9
18 Transaction 662.0
19 Nontransaction 3,557.9
20 Large time 598.7
21 Other 2,959.2
22 Borrowings 1,133.2
23 From banks in the
U.S. 355.7
24 From others 777.5
25 Net due to related
foreign offices 238.1
26 Other liabilities 370.2
27 Total liabilities 5,961.5
28 Residual (assets less
liabilities) (7) 512.9
Assets
29 Bank credit 5,457.1
30 Securities in bank
credit 1,553.5
31 U.S. government
securities 1,006.8
32 Other securities 546.7
33 Loans and leases in
bank credit (2) 3,903.6
34 Commercial and
industrial 771.4
35 Real estate. 2,107.0
36 Revolving home
equity 239.5
37 Other 1,867.5
38 Consumer 588.9
39 Credit cards and
related plans 223.6
40 Other 365.4
41 Security (3) 75.7
42 Other loans and
leases 360.5
43 Interbank loans 281.2
44 Cash assets (4) 297.2
45 Other assets (5) 502.7
46 Total assets (6) 6,462.5
Liabilities
47 Deposits ,4201.4
48 Transaction 658.6
49 Nontransaction 3,542.8
50 Large time 596.8
51 Other 2,946.0
52 Borrowings 1,130.7
53 From banks in the
U.S. 355.3
54 From others 775.4
55 Net due to related
foreign offices 241.7
56 Other liabilities 374.7
57 Total liabilities 5,948.5
58 Residual (assets less
liabilities) (7) 514.0
Footnotes appear on p. A21.
1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities (1)
C. Large domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 2002 2002 2003
May (r) Nov. (r) Dec. (r) Jan. (r)
Seasonally adjusted
Asset
1 Bank credit 2,638.9 2,832.2 2,861.3 2,858.7
2 Securities in bank
credit 664.7 769.6 778.9 773.1
3 U.S. government
securities 391.0 454.9 457.0 459.8
4 Trading account 42.9 47.9 44.6 41.2
5 Investment
account 348.1 407.0 412.4 418.5
6 Other securities 273.7 314.7 321.9 313.3
7 Trading account 140.4 161.0 164.9 160.0
8 Investment
account 133.4 153.7 157.0 153.3
9 State and local
government 26.9 29.3 29.5 29.4
10 Other 106.5 124.4 127.5 123.9
11 Loans and leases in
bank credit (2) 1,974.1 2,062.6 2,082.4 2,085.4
12 Commercial and
industrial 510.3 485.6 483.5 480.8
13 Bankers
acceptances .0 .0 .0 .0
14 Other 510.3 485.6 483.5 480.8
15 Real estate 854.4 970.3 990.6 1,006.7
16 Revolving home
equity 112.7 133.0 136.9 140.0
17 Other 741.7 837.3 853.7 866.7
18 Consumer 289.1 296.6 296.8 296.9
19 Security (4) 82.0 73.1 71.3 63.1
20 Federal funds
sold to and
repurchase
agreements
with broker-
dealer 69.8 62.3 60.9 52.4
21 Other 12.2 10.8 10.4 10.6
22 State and local
government 13.1 12.2 11.9 12.0
23 Agricultural 9.3 8.2 8.2 8.1
24 Federal funds sold
to and
repurchase
agreements with
others 19.5 18.9 24.7 23.6
25 All other loans 67.7 73.9 74.4 75.4
26 Lease-financing
receivables 128.7 123.9 120.9 119.0
27 Interbank loans 176.6 185.5 183.2 157.0
28 Federal funds sold
to and
repurchase
agreements with
commercial banks 91.0 91.1 88.7 88.2
29 Other 85.6 94.4 94.5 68.8
30 Cash assets (4) 143.4 146.8 147.9 147.6
31 Other asset (5) 315.1 333.8 330.3 327.1
32 Total assets (6) 3,229.5 3,453.8 3,478.9 3,445.7
Liabilities
33 Deposits 1,829.7 1,943.4 1,952.4 1,962.3
34 Transaction 296.6 285.8 289.1 286.3
35 Nontransaction 1,533.1 1,657.6 1,663.4 1,675.0
36 Large time 249.4 265.4 261.4 269.7
37 Other 1,283.7 1,392.2 1,402.0 1,406.0
38 Borrowings 722.2 741.7 730.4 655.1
39 From banks in the
U.S. 250.6 269.4 249.4 193.6
40 From others 471.6 472.3 481.1 461.4
41 Net due to related
foreign offices 168.5 185.0 199.7 216.4
42 Other liabilities 205.0 265.4 276.0 274.6
43 Total liabilities 2,925.4 3,135.4 3,158.6 3,108.3
44 Residual (assets less
liabilities) (7) 304.1 318.3 320.3 337.4
Monthly averages
Account 2003
Feb. (r) Mar. (r) Apr. (r) May
Seasonally adjusted
Asset
1 Bank credit 2,905.2 2,902.4 2,922.7 2,987.4
2 Securities in bank
credit 804.2 801.8 808.6 855.1
3 U.S. government
securities 478.4 475.1 491.8 518.5
4 Trading account 54.5 41.8 40.7 43.6
5 Investment
account 424.0 433.2 451.1 474.9
6 Other securities 325.7 326.7 316.8 336.6
7 Trading account 172.6 171.6 161.5 183.4
8 Investment
account 153.1 155.1 155.3 153.2
9 State and local
government 29.6 30.1 30.9 31.3
10 Other 123.5 125.0 124.4 121.9
11 Loans and leases in
bank credit (2) 2,101.0 2,100.6 2,114.0 2,132.3
12 Commercial and
industrial 475.8 472.0 469.6 461.4
13 Bankers
acceptances .0 .0 .0 .0
14 Other 475.8 472.0 469.6 461.4
15 Real estate 1,028.3 1,035.2 1,041.4 1,056.8
16 Revolving home
equity 142.5 147.9 150.5 152.8
17 Other 885.9 887.3 890.9 903.9
18 Consumer 294.9 291.4 289.9 290.1
19 Security (4) 64.5 63.6 63.8 71.7
20 Federal funds
sold to and
repurchase
agreements
with broker-
dealer 53.8 52.2 52.2 58.0
21 Other 10.7 11.4 11.8 13.8
22 State and local
government 12.3 12.5 12.4 12.4
23 Agricultural 7.8 7.8 7.7 7.5
24 Federal funds sold
to and
repurchase
agreements with
others 23.6 23.2 24.4 26.2
25 All other loans 75.1 76.6 87.6 88.9
26 Lease-financing
receivables 118.7 118.3 117.3 117.4
27 Interbank loans 153.5 162.5 161.6 161.4
28 Federal funds sold
to and
repurchase
agreements with
commercial banks 83.4 91.9 90.5 92.1
29 Other 70.1 70.6 71.1 69.3
30 Cash assets (4) 149.0 149.3 141.2 138.5
31 Other asset (5) 347.0 339.9 339.8 349.6
32 Total assets (6) 3,510.0 3,509.2 3,521.2 3,592.7
Liabilities
33 Deposits 1,962.9 1,981.5 2,005.6 2,012.4
34 Transaction 288.5 288.8 293.8 294.9
35 Nontransaction 1,674.4 1,692.7 1,711.8 1,717.5
36 Large time 272.4 267.8 266.0 277.8
37 Other 1,402.0 1,424.9 1,445.9 1,439.7
38 Borrowings 682.2 688.5 686.2 703.5
39 From banks in the
U.S. 196.2 204.7 208.9 200.2
40 From others 485.9 483.8 477.4 503.3
41 Net due to related
foreign offices 216.5 218.5 215.2 226.3
42 Other liabilities 278.7 273.7 282.0 290.0
43 Total liabilities 3,140.2 3,162.3 3,189.0 3,232.1
44 Residual (assets less
liabilities) (7) 369.8 346.9 332.3 360.6
Wednesday figures
Account 2003
May 7 May 14 May 21 May 28
Seasonally adjusted
Asset
1 Bank credit 2,969.3 2,991.6 2,983.9 2,992.7
2 Securities in bank
credit 839.5 846.9 850.9 870.4
3 U.S. government
securities 512.0 512.5 514.4 528.8
4 Trading account 37.8 60.7 35.2 40.4
5 Investment
account 474.2 451.8 479.2 488.4
6 Other securities 327.5 334.3 336.4 341.6
7 Trading account 175.5 180.8 182.0 188.5
8 Investment
account 152.0 153.5 154.5 153.1
9 State and local
government 30.7 31.2 31.5 31.7
10 Other 121.3 122.3 122.9 121.4
11 Loans and leases in
bank credit (2) 2,129.8 2,144.8 2,133.0 2,122.3
12 Commercial and
industrial 462.9 462.9 461.7 460.9
13 Bankers
acceptances n.a. n.a. n.a. n.a.
14 Other 462.9 462.9 461.7 460.9
15 Real estate 1,063.8 1,165.6 1,051.4 1,044.7
16 Revolving home
equity 151.4 152.3 153.0 153.9
17 Other 912.4 913.3 898.3 890.8
18 Consumer 289.0 290.1 290.3 290.0
19 Security (4) 67.1 73.1 74.3 71.5
20 Federal funds
sold to and
repurchase
agreements
with broker-
dealer 54.0 58.7 60.8 56.8
21 Other 13.2 14.4 13.6 14.7
22 State and local
government 12.3 12.4 12.4 12.5
23 Agricultural 7.5 7.5 7.5 7.4
24 Federal funds sold
to and
repurchase
agreements with
others 23.3 28.1 26.6 26.5
25 All other loans 86.7 87.7 91.4 91.3
26 Lease-financing
receivables 117.3 117.4 117.4 117.6
27 Interbank loans 165.4 173.7 156.9 152.3
28 Federal funds sold
to and
repurchase
agreements with
commercial banks 94.7 104.0 86.2 84.3
29 Other 70.7 69.8 70.7 68.0
30 Cash assets (4) 136.9 137.1 133.4 150.2
31 Other asset (5) 346.1 345.8 350.4 354.1
32 Total assets (6) 3,573.6 3,604.1 3,580.3 3,605.3
Liabilities
33 Deposits 2,004.9 2,027.7 1,998.0 2,015.6
34 Transaction 274.9 298.9 297.6 317.7
35 Nontransaction 1,730.0 1,728.8 1,700.4 1,697.9
36 Large time 278.4 276.3 277.1 280.1
37 Other 1,451.6 1,452.5 1,423.3 1,417.9
38 Borrowings 690.3 702.1 698.7 715.9
39 From banks in the
U.S. 202.4 201.5 194.3 197.3
40 From others 487.9 500.6 504.4 518.6
41 Net due to related
foreign offices 239.8 221.8 225.8 225.3
42 Other liabilities 283.2 294.2 293.8 284.3
43 Total liabilities 3,218.2 3,245.9 3,216.3 3,241.2
44 Residual (assets less
liabilities) (7) 355.4 358.2 364.0 361.1
Footnotes appear on p. A21.
1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities (1)
C. Large domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 2002 2002 2003
May (r) Nov. (r) Dec. (r) Jan. (r)
Not seasonally adjusted
Assets
45 Bank credit 2,639.6 2,840.5 2,873.8 2,866.0
46 Securities in bank
credit 663.6 774.0 784.0 781.7
47 U.S. government
securities 390.1 457.8 459.8 462.8
48 Trading account 42.8 48.2 44.9 41.5
49 Investment
account 347.3 409.6 414.9 421.3
50 Mortgage
backed
securities 272.9 325.5 317.8 323.8
51 Other 74.4 84.1 97.1 97.5
52 One year or
less 16.0 23.2 24.1 21.3
53 One to five
years 45.4 47.4 56.6 58.6
54 More than
five years 13.0 13.6 16.4 17.5
55 Other securities 273.5 316.2 324.3 318.9
56 Trading account 140.2 161.8 166.1 162.9
57 Investment
amount 133.3 154.5 158.1 156.0
58 State and
local
government 26.9 29.4 29.7 30.0
59 Other 106.4 125.0 128.4 126.1
60 Loans and leases in
bank credit (2) 1,976.0 2,066.5 2,089.8 2,084.3
61 Commercial and
industrial 513.7 485.8 480.9 476.2
62 Bankers
acceptances .0 .0 .0 .0
63 Other 513.7 485.8 480.9 476.2
64 Real estate 857.9 973.0 991.9 1,005.6
65 Revolving home
equity 113.5 132.7 136.0 139.1
66 Other 427.8 520.5 536.6 546.2
67 Commercial 316.5 319.8 319.3 320.2
68 Consumer 289.8 295.3 299.3 301.7
69 Credit cards and
related plans. 116.2 114.6 117.3 115.3
70 Other 173.6 180.6 182.0 186.4
71 Security (3) 76.8 75.1 75.2 62.6
72 Federal funds
sold to and
repurchase
agreements
with broker
dealers 65.3 64.0 64.3 52.1
73 Other 11.4 11.1 10.9 10.6
74 State and local
government 13.1 12.2 11.9 12.0
75 Agricultural 9.4 8.1 8.2 8.2
76 Federal funds sold
to and
repurchase
agreements
with others 19.5 18.9 24.7 23.6
77 All other loans 67.3 74.8 76.5 73.6
78 Lease financing
receivables 128.7 123.3 121.2 120.8
79 Interbank loans 177.4 187.0 187.7 160.2
80 Federal funds sold
to and repurchase
agreements with
commercial banks 91.4 91.8 90.9 90.2
81 Other 86.0 95.2 96.8 70.2
82 Cash assets (4) 142.6 149.9 159.6 156.4
83 Other assets (5) 313.1 337.3 334.1 329.5
84 Total assets (6) 3,228.1 3,470.6 3,511.3 3,467.7
Liabilities
85 Deposits 1,825.5 1,950.2 1,968.9 1,963.2
86 Transaction 292.5 289.7 309.4 295.2
87 Nontransaction 1,533.0 1,660.6 1,659.5 1,668.0
88 Large time 247.8 269.4 264.3 271.0
89 Other 1,285.2 1,391.2 1,395.2 1,397.0
90 Borrowings 727.5 743.0 729.6 668.2
91 From banks in the
U.S. 252.8 266.1 251.1 198.2
92 From nonbanks in the
U.S. offices 474.7 476.9 478.4 470.0
93 Net due to related
foreign 168.0 190.2 204.2 218.0
94 Other liabilities 204.2 272.4 281.8 276.6
95 Total liabilities 2,925.2 3,155.8 3,184.5 3,125.9
96 Residual (assets less
liabilities) (7) 302.9 314.8 326.9 341.8
Monthly averages
Account 2003
Feb. (r) Mar. (r) Apr. (r) May
Not seasonally adjusted
Assets
45 Bank credit 2,907.3 2,896.3 2,919.2 2,989.1
46 Securities in bank
credit 812.5 804.1 805.0 853.6
47 U.S. government
securities 483.9 477.3 490.2 517.3
48 Trading account 55.1 42.1 40.6 43.5
49 Investment
account 428.9 435.3 449.6 47.3
50 Mortgage
backed
securities 330.0 333.2 352.9 378.7
51 Other 98.8 102.0 96.7 95.0
52 One year or
less 22.9 24.4 24.6 23.2
53 One to five
years 57.4 57.4 55.2 55.2
54 More than
five years 18.6 20.3 16.9 16.7
55 Other securities 328.5 326.8 314.8 336.3
56 Trading account 174.1 171.7 160.5 18.3
57 Investment
amount 154.4 155.1 154.3 153.1
58 State and
local
government 29.8 30.1 30.7 31.3
59 Other 124.6 125.0 123.6 121.8
60 Loans and leases in
bank credit (2) 2,094.9 2,092.2 2,114.2 2,135.5
61 Commercial and
industrial 473.8 471.9 472.2 464.5
62 Bankers
acceptances .0 .0 .0 .0
63 Other 473.8 471.9 472.2 464.5
64 Real estate 1,024.1 1,028.3 1,039.5 1,061.1
65 Revolving home
equity 142.8 146.2 150.4 154.0
66 Other 561.0 561.7 570.5 589.1
67 Commercial 320.2 320.4 318.6 318.0
68 Consumer 298.1 292.0 290.5 291.0
69 Credit cards and
related plans. 109.7 105.9 103.5 103.8
70 Other 188.3 186.1 187.0 187.1
71 Security (3) 63.5 63.1 62.5 67.1
72 Federal funds
sold to and
repurchase
agreements
with broker
dealers 52.9 51.8 50.9 54.3
73 Other 10.6 11.3 11.6 12.9
74 State and local
government 12.3 12.5 12.4 12.4
75 Agricultural 7.8 7.8 7.6 7.5
76 Federal funds sold
to and
repurchase
agreements
with others 23.6 23.2 24.4 26.2
77 All other loans 71.7 74.4 87.4 88.3
78 Lease financing
receivables 120.0 119.1 117.7 117.4
79 Interbank loans 151.8 162.6 164.9 162.1
80 Federal funds sold
to and repurchase
agreements with
commercial banks 82.5 92.0 92.4 92.5
81 Other 69.3 70.6 72.5 69.6
82 Cash assets (4) 148.9 144.2 144.0 137.5
83 Other assets (5) 344,0 338.3 339.3 347.4
84 Total assets (6) 3,506.9 3,496.3 3,523.6 3,591.8
Liabilities
85 Deposits 1,966.9 1,979.6 2,013.0 2,008.0
86 Transaction 284.2 284.4 300.0 290.6
87 Nontransaction 1,682.7 1,695.2 1,713.1 1,717.4
88 Large time 273.3 266.4 264.1 276.0
89 Other 1,409.4 1,428.8 1,449.0 1,441.4
90 Borrowings 684.4 684.8 690.4 709.2
91 From banks in the
U.S. 199.7 208.1 213.0 202.6
92 From nonbanks in the
U.S. offices 484.6 476.7 477.4 506.6
93 Net due to related
foreign 220.8 214.2 205.9 225.4
94 Other liabilities 284.1 268.5 269.8 288.9
95 Total liabilities 3,156.1 3,147.1 3,179.1 3,231.5
96 Residual (assets less
liabilities) (7) 350.7 349.1 344.4 360.3
Wednesday figures
Account 2003
May 7 May 14 May 21 May 28
Not seasonally adjusted
Assets
45 Bank credit 2,975.2 2,992.0 2,982.4 2,989.8
46 Securities in bank
credit 838.4 844.9 849.0 866.7
47 U.S. government
securities 509.4 510.8 514.1 526.4
48 Trading account 37.7 60.5 35.2 40.3
49 Investment
account 471.7 450.2 478.9 486.1
50 Mortgage
backed
securities 379.2 356.7 383.5 388.7
51 Other 92.5 93.6 95.4 97.4
52 One year or
less 22.6 23.8 23.1 23.2
53 One to five
years 54.5 54.9 55.1 55.8
54 More than
five years 15.4 14.9 17.2 18.3
55 Other securities 329.1 334.1 334.9 340.4
56 Trading account 176.4 180.7 181.1 187.8
57 Investment
amount 152.7 153.4 153.8 152.6
58 State and
local
government 30.9 31.2 31.4 31.6
59 Other 121.8 122.2 122.4 121.0
60 Loans and leases in
bank credit (2) 2,136.7 2,147.1 2,133.4 2,123.0
61 Commercial and
industrial 468.2 465.6 464.4 462.4
62 Bankers
acceptances n.a. n.a. n.a. n.a.
63 Other 468.2 465.6 464.4 462.4
64 Real estate 1,068.1 1,071.4 1,055.0 1,048.2
65 Revolving home
equity 152.7 153.4 154.2 154.9
66 Other 596.8 599.6 582.9 575.7
67 Commercial 318.6 318.3 317.9 317.5
68 Consumer 290.0 291.0 291.1 291.0
69 Credit cards and
related plans. 103.0 103.3 102.9 105.1
70 Other 187.0 187.7 188.2 185.9
71 Security (3) 63.4 67.3 69.1 66.8
72 Federal funds
sold to and
repurchase
agreements
with broker
dealers 50.9 54.0 56.5 53.1
73 Other 12.4 13.3 12.6 13.7
74 State and local
government 12.3 12.4 12.4 12.5
75 Agricultural 7.5 7.5 7.5 7.5
76 Federal funds sold
to and
repurchase
agreements
with others 23.3 28.1 26.6 26.5
77 All other loans 86.5 86.3 89.8 90.8
78 Lease financing
receivables 117.6 117.4 117.4 117.4
79 Interbank loans 165.9 173.9 155.7 154.3
80 Federal funds sold
to and repurchase
agreements with
commercial banks 95.0 104.1 85.6 85.3
81 Other 70.9 69.9 70.2 68.9
82 Cash assets (4) 134.7 135.2 124.8 156.4
83 Other assets (5) 349.2 346.8 345.2 346.7
84 Total assets (6) 3,580.4 3,603.5 3,563.6 3,602.8
Liabilities
85 Deposits 2,002.8 2,022.3 1,983.4 2,010.2
86 Transaction 269.2 294.4 286.3 318.0
87 Nontransaction 1,733.7 1,727.8 1,697.1 1,692.2
88 Large time 276.7 273.5 275.0 278.1
89 Other 1,457.0 1,454.3 1,422.1 1,414.0
90 Borrowings 708.3 711.3 698.0 713.4
91 From banks in the
U.S. 208.4 205.0 195.0 196.9
92 From nonbanks in the
U.S. offices 499.9 506.3 503.0 516.5
93 Net due to related
foreign 234.7 219.4 225.7 229.0
94 Other liabilities 277.3 291.1 293.6 288.8
95 Total liabilities 3,223.1 3,244.1 3,200.7 3,241.3
96 Residual (assets less
liabilities) (7) 357.4 359.4 363.0 361.5
Footnotes appear on p. A21.
1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities (1)
D. Small domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 2002 2002 2003
May (r) Nov. (r) Dec. (r) Jan. (r)
Seasonally adjusted
Assets
1 Bank credit 2,258.7 2,385.6 2,397.4 2,402.5
2 Securities in bank
credit 635.0 661.9 668.1 666.6
3 U.S. government
securities 425.5 455.9 461.1 459.0
4 Other securities 209.5 206.0 207.7 207.7
5 Loans and leases in
bank credit (2) 1,623.7 1,723.7 1,729.3 1,735.8
6 Commercial and
industrial 293.0 303.4 304.1 303.5
7 Real estate 946.1 1,017.7 1,019.8 1,021.7
8 Revolving home
equity 66.2 76.2 77.0 77.7
9 Other 879.9 941.5 942.9 944.0
10 Consumer 279.4 288.9 291.3 295.0
11 Security (3) 6.8 8.0 8.0 8.4
12 Other loans and
leases 98.3 105.6 106.0 107.2
13 Interbank loans 87.8 114.6 115.1 122.2
14 Cash assets (4) 113.1 126.3 124.4 126.0
15 Other assets (5) 141.2 141.8 141.8 141.7
16 Total assets (6) 2,570.0 2,736.2 2,746.4 2,760.3
Liabilities
17 Deposits 2,016.7 2,113.3 2,109.5 2,118.1
18 Transaction 302.8 310.9 313.0 311.9
19 Nontransaction 1,713.9 1,802.5 1,796.4 1,806.2
20 Large time 299.6 306.0 308.4 307.8
21 Other 1,414.3 1,496.4 1,488.0 1,498.4
22 Borrowings 328.7 373.2 388.9 407.1
23 From banks in the
U.S. 112.1 127.3 138.1 156.2
24 From others 216.6 245.9 250.8 250.8
25 Net due to related
foreign offices 11.6 11.3 12.4 15.1
26 Other liabilities 63.1 66.8 64.3 71.4
27 Total liabilities 2,420.1 2,564.6 2,575.1 2,611.7
28 Residual (assets less
liabilities) (7) 149.9 171.6 171.3 148.6
Not seasonally adjusted
Assets
29 Bank credit 2,257.1 2,389.1 2,408.9 2,404.5
30 Securities in bank
credit 634.3 660.8 669.7 668.4
31 U.S. government
securities 424.8 454.7 462.6 460.7
32 Other securities 209.5 206.0 207.0 207.7
33 Loans and leases in
bank credit (2) 1,622.9 1,728.3 1,739.3 1,736.1
34 Commercial and
industrial 295.5 301.9 303.9 302.1
35 Real estate 945.7 1,019.5 1,023.1 1,023.2
36 Revolving home
equity 66.3 76.4 77.4 77.9
37 Other 879.4 943.1 945.7 945.3
38 Consumer 277.1 292.7 297.7 297.8
39 Credit cards and
related plans 106.4 116.9 121.2 118.7
411 Other 170.7 175.8 176.5 179.1
41 Security (3) 6.7 8.3 8.2 8.1
42 Other loans and
leases 97.9 106.0 106.3 104.9
43 Interbank loans 84.1 118.1 117.7 115.8
44 Cash assets (4) 112.2 130.5 131.8 130.2
45 Other assets (5) 141.2 141.8 141.8 141.7
46 Total assets (6) 2,563.9 2,747.4 2,767.8 2,760.0
Liabilities
47 Deposits 2,009.1 2,121.4 2,132.9 2,124.4
48 Transaction 297.6 314.3 324.7 316.8
49 Nontransaction 1,711.5 1,807.1 1,808.2 1,807.5
50 Large time 299.6 306.0 308.4 307.8
51 Other 1,411.9 1,501.1 1,499.8 1,499.7
52 Borrowings 328.7 373.2 388.9 407.1
53 From banks in the
U.S. 112.1 127.3 138.1 156.2
54 From others 216.6 245.9 250.8 250.8
55 Net due to related
foreign offices 11.6 11.3 12.4 15.1
56 Other liabilities 63.1 66.8 64.3 71.4
57 Total liabilities 2,412.6 2,572.7 2,598.6 2,617.9
58 Residual (assets less
liabilities) (7) 151.3 174.8 169.3 142.1
Monthly averages
Account 2003
Feb. (r) Mar. (r) Apr. (r) May
Seasonally adjusted
Assets
1 Bank credit 2,419.2 2,434.8 2,455.4 2,466.7
2 Securities in bank
credit 668.5 678.3 689.8 689.3
3 U.S. government
securities 462.0 472.0 484.7 484.1
4 Other securities 206.5 206.2 205.1 205.2
5 Loans and leases in
bank credit (2) 1,750.7 1,756.6 1,765.6 1,777.4
6 Commercial and
industrial 305.3 306.0 305.9 305.9
7 Real estate 1,032.7 1,039.7 1,050.6 1,058.2
8 Revolving home
equity 79.7 81.4 82.8 84.1
9 Other 953.0 958.3 967.8 974.1
10 Consumer 296.9 295.5 294.0 297.8
11 Security (3) 8.6 8.6 8.6 9.1
12 Other loans and
leases 107.2 106.8 106.5 106.3
13 Interbank loans 124.4 124.2 121.5 132.6
14 Cash assets (4) 130.6 133.5 135.5 134.5
15 Other assets (5) 144.9 147.0 149.7 157.0
16 Total assets (6) 2,787.5 2,808.1 2,831.0 2,859.4
Liabilities
17 Deposits 2,129.7 2,155.7 2,171.4 2,195.3
18 Transaction 315.0 319.3 327.2 327.5
19 Nontransaction 1,814.6 1,836.4 1,844.2 1,867.8
20 Large time 311.1 315.7 316.1 317.5
21 Other 1,503.6 1,520.7 1,528.1 1,550.3
22 Borrowings 410.6 407.4 412.8 420.9
23 From banks in the
U.S. 160.8 159.1 161.0 157.9
24 From others 249.8 248.3 251.8 263.1
25 Net due to related
foreign offices 12.6 10.7 12.8 12.4
26 Other liabilities 76.5 80.3 81.2 83.6
27 Total liabilities 2,629.3 2,654.1 2,678.3 2,712.2
28 Residual (assets less
liabilities) (7) 158.2 154.0 152.7 147.1
Not seasonally adjusted
Assets
29 Bank credit 2,416.1 2,431.5 2,453.6 2,465.1
30 Securities in bank
credit 669.4 680.9 691.3 688.5
31 U.S. government
securities 462.8 474.7 486.2 483.3
32 Other securities 206.5 206.2 205.1 205.2
33 Loans and leases in
bank credit (2) 1,746.7 1,750.6 1,762.3 1,776.6
34 Commercial and
industrial 303.8 305.9 308.1 308.5
35 Real estate 1,032.8 1,037.6 1,048.8 1,057.7
36 Revolving home
equity 79.7 81.0 82.6 84.1
37 Other 953.0 956.6 966.3 973.6
38 Consumer 296.9 292.6 290.6 295.7
39 Credit cards and
related plans 116.1 113.8 111.7 116.6
411 Other 180.8 178.9 178.9 179.1
41 Security (3) 8.5 8.8 8.8 9.0
42 Other loans and
leases 104.7 105.7 106.0 105.7
43 Interbank loans 123.4 130.7 129.4 127.5
44 Cash assets (4) 130.2 128.8 133.2 133.4
45 Other assets (5) 144.9 147.0 149.7 157.0
46 Total assets (6) 2,782.9 2,806.7 2,834.7 2,851.6
Liabilities
47 Deposits 2,136.4 2,160.7 2,183.2 2,187.3
48 Transaction 311.7 315.6 327.6 322.1
49 Nontransaction 1,824.7 1,845.1 1,855.6 1,865.2
50 Large time 311.1 315.7 316.1 317.5
51 Other 1,513.6 1,529.4 1,539.5 1,547.7
52 Borrowings 410.6 407.4 412.8 420.9
53 From banks in the
U.S. 160.8 159.1 161.0 157.9
54 From others 249.8 248.3 251.8 263.0
55 Net due to related
foreign offices 12.6 10.7 12.8 12.4
56 Other liabilities 76.5 80.3 81.2 83.6
57 Total liabilities 2,636.0 2,659.1 2,690.0 2,704.2
58 Residual (assets less
liabilities) (7) 146.9 147.6 144.7 147.4
Wednesday figures
Account 2003
May 7 May 14 May 21 May 28
Seasonally adjusted
Assets
1 Bank credit 2,459.7 2,465.6 2,466.9 2,470.0
2 Securities in bank
credit 688.9 691.3 689.0 687.8
3 U.S. government
securities 486.1 485.7 482.4 481.5
4 Other securities 202.7 205.5 206.5 206.3
5 Loans and leases in
bank credit (2) 1,770.9 1,774.3 1,777.9 1,782.3
6 Commercial and
industrial 305.1 305.5 305.9 306.8
7 Real estate 1,054.5 1,057.3 1,058.9 1,059.0
8 Revolving home
equity 83.2 83.6 84.2 84.5
9 Other 971.4 973.7 974.7 974.5
10 Consumer 296.1 296.9 297.9 300.1
11 Security (3) 9.0 9.0 9.0 9.3
12 Other loans and
leases 106.0 105.6 106.2 107.0
13 Interbank loans 128.0 130.4 132.8 138.2
14 Cash assets (4) 133.9 134.1 136.7 136.3
15 Other assets (5) 158.2 157.5 155.4 156.0
16 Total assets (6) 2,848.5 2,056.3 2,860.4 2,869.0
Liabilities
17 Deposits 2,184.3 2,196.9 2,189.4 2,204.3
18 Transaction 315.3 324.5 331.8 344.3
19 Nontransaction 1,869.0 1,872.4 1,857.5 1,860.0
20 Large time 315.5 317.5 317.2 318.7
21 Other 1,553.4 1,554.9 1,540.3 1,541.3
22 Borrowings 429.1 417.0 423.8 417.3
23 From banks in the
U.S. 159.0 155.5 160.7 158.4
24 From others 270.1 261.5 263.2 259.0
25 Net due to related
foreign offices 14.3 10.9 12.1 12.7
26 Other liabilities 79.7 83.3 85.0 85.9
27 Total liabilities 2,707.3 2,708.1 2,710.3 2,720.3
28 Residual (assets less
liabilities) (7) 141.2 148.2 150.1 148.8
Not seasonally adjusted
Assets
29 Bank credit 2,458.7 2,465.5 2,465.5 2,467.3
30 Securities in bank
credit 688.6 690.9 687.9 686.8
31 U.S. government
securities 485.9 485.4 481.3 480.5
32 Other securities 202.7 205.5 206.5 206.3
33 Loans and leases in
bank credit (2) 1,770.0 1,774.6 1,777.6 1,780.6
34 Commercial and
industrial 308.0 308.3 308.4 309.0
35 Real estate 1,053.4 1,057.1 1,058.8 1,058.8
36 Revolving home
equity 83.3 83.8 84.2 84.5
37 Other 970.1 973.4 974.7 974.3
38 Consumer 293.8 295.3 296.3 298.0
39 Credit cards and
related plans 115.4 116.4 117.0 118.5
411 Other 178.4 178.9 179.4 179.5
41 Security (3) 9.0 8.8 8.7 8.9
42 Other loans and
leases 105.8 105.0 105.1 105.8
43 Interbank loans 128.7 124.9 124.2 126.9
44 Cash assets (4) 131.6 130.9 130.3 140.9
45 Other assets (5) 158.2 157.5 155.4 156.0
46 Total assets (6) 2,845.9 2,847.4 2,844.1 2,859.7
Liabilities
47 Deposits 2,184.8 2,189.1 2,172.7 2,191.2
48 Transaction 310.9 317.5 320.8 340.6
49 Nontransaction 1,873.9 1,871.6 1,852.0 1,850.6
50 Large time 315.5 317.5 317.2 318.7
51 Other 1,558.4 1,554.1 1,534.7 1,532.0
52 Borrowings 429.1 417.0 423.8 417.3
53 From banks in the
U.S. 159.0 155.5 160.7 158.4
54 From others 270.1 261.5 263.2 259.0
55 Net due to related
foreign offices 14.3 10.9 12.1 12.7
56 Other liabilities 79.7 83.3 85.0 85.9
57 Total liabilities 2,707.9 2,700.3 2,693.6 2,707.2
58 Residual (assets less
liabilities) (7) 138.0 147.1 150.5 152.5
Footnotes appear on p. A21.
1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities (1)
E. Foreign-related institutions
Billions of dollars
Monthly averages
Account 2002 2002 2003
May Nov. Dec. Jan. (r)
Seasonally adjusted
Assets
1 Bank credit 594.9 (r) 620.0 (r) 635.9 (r) 628.0
2 Securities in bank
credit 229.5 (r) 247.8 (r) 261.6 (r) 262.9
3 U.S. government
securities 73.2 93.5 101.9 (r) 103.8
4 Other securities 156.3 (r) 154.3 (r) 159.7 (r) 159.1
5 Loans and leases in
bank credit (2) 365.4 372.2 374.3 365.1
6 Commercial and
industrial 195.9 179.0 (r) 178.4 177.2
7 Real estate 18.1 20.0 19.5 19.7
8 Security (3) 81.1 104.7 110.1 103.4
9 Other loans and
leases 70.3 (r) 68.6 66.3 (r) 64.8
10 Interbank loans 23.3 25.5 30.0 28.1
11 Cash asset (4) 46.0 42.3 44.6 40.1
12 Other assets (5) 26.1 34.6 35.9 39.3
13 Total assets (6) 689.8 (r) 722.0 (r) 746.1 (r) 735.1
Liabilities
14 Deposits 503.8 452.6 425.5 426.6
15 Transaction 10.6 9.2 9.2 9.7
16 Nontransaction 493.2 443.3 416.4 (r) 416.8
17 Borrowings 189.4 251.2 277.9 (r) 269.1
18 Front banks in the
U.S. 20.6 25.2 30.0 31.0
19 From others 168.8 226.0 247.9 238.1
20 Net due to related
foreign offices -91.7 (r) -74.3 (r) -60.1 (r) -70.4
21 Other liabilities 74.3 99.3 102.1 100.5
22 Total liabilities 675.9 (r) 728.8 (r) 745.6 (r) 725.7
23 Residual (assets less
liabilities) (7) 14.0 (r) -6.8 (r) .5 (r) 9.4
Not seasonally adjusted
Assets
24 Bank credit 590.6 (r) 623.6 (r) 646.0 (r) 635.7
25 Securities in bank
credit 229.5 (r) 247.8 (r) 261.6 (r) 262.9
26 U.S. government
securities 73.2 93.5 101.9 (r) 103.8
27 Trading account 10.1 20.3 30.6 32.6
28 Investment
account 63.1 73.2 71.3 71.2
29 Other securities 156.3 (r) 154.3 (r) 159.7 (r) 159.1
30 Trading account 99.9 (r) 100.4 101.2 (r) 101.9
31 Investment
account 56.4 (r) 53.9 (r) 58.4 (r) 57.2
32 Loans and leases in
bank credit (2) 361.2 375.8 384.3 372.8
33 Commercial and
industrial 193.8 180.3 179.8 177.3
34 Real estate 18.1 20.0 19.5 19.7
35 Security (3) 79.5 106.8 116.7 110.4
36 Other loans and
leases 69.8 68.7 (r) 68.3 65.5
37 Interbank loans 23.3 25.5 30.0 28.1
38 Cash assets (4) 44.5 44.7 47.8 43.1
39 Other assets (5) 26.2 34.5 37.0 40.7
40 Total assets (6) 684.2 (r) 727.9 (r) 760.4 (r) 747.2
Liabilities
41 Deposits 510.2 452.7 436.4 (r) 442.7
42 Transaction 10.2 9.5 10.0 10.0
43 Nontransaction 500.0 443.1 426.4 432.7
44 Borrowings 189.4 251.2 277.9 (r) 269.1
45 From banks in the
U.S. 20.6 25.2 30.0 31.0
46 From others 168.8 226.0 247.9 238.1
47 Net due to related
foreign offices -91.3 (r) -75.6 (r) -58.4 (r) -67.8
48 Other liabilities 74.5 98.4 103.3 102.2
49 Total liabilities 682.9 (r) 726.7 (r) 759.3 (r) 746.2
50 Residual (assets less
liabilities) (7) 1.3 (r) 1.3 (r) 1.1 (r) 1.0
Monthly averages
Account 2003
Feb. (r) Mar. (r) Apr. (r) May
Seasonally adjusted
Assets
1 Bank credit 640.9 657.8 650.7 661.7
2 Securities in bank
credit 273.3 277.8 271.3 282.3
3 U.S. government
securities 110.6 116.4 118.9 124.3
4 Other securities 162.7 161.4 152.5 158.0
5 Loans and leases in
bank credit (2) 367.6 380.0 379.4 379.4
6 Commercial and
industrial 174.1 171.7 172.2 169.5
7 Real estate 19.7 19.8 19.0 19.2
8 Security (3) 108.1 122.0 121.0 118.5
9 Other loans and
leases 65.6 66.5 66.8 72.2
10 Interbank loans 27.0 27.5 24.0 24.7
11 Cash asset (4) 38.7 43.0 45.2 52.2
12 Other assets (5) 39.9 35.0 38.0 47.5
13 Total assets (6) 746.1 762.9 757.1 785.6
Liabilities
14 Deposits 442.9 448.4 436.3 438.7
15 Transaction 10.3 11.5 11.3 11.0
16 Nontransaction 432.6 436.9 425.0 427.7
17 Borrowings 270.0 288.3 294.0 301.8
18 Front banks in the
U.S. 31.1 33.7 27.5 31.8
19 From others 238.9 254.6 266.4 270.1
20 Net due to related
foreign offices -78.4 -84.4 -76.6 -77.8
21 Other liabilities 104.8 99.9 95.2 109.9
22 Total liabilities 739.2 752.2 749.0 772.7
23 Residual (assets less
liabilities) (7) 6.9 10.7 8.1 12.9
Not seasonally adjusted
Assets
24 Bank credit 645.3 656.0 650.2 657.0
25 Securities in bank
credit 273.3 277.8 271.3 282.3
26 U.S. government
securities 110.6 116.4 118.9 124.3
27 Trading account 36.4 37.1 39.5 43.0
28 Investment
account 74.2 74.3 79.4 81.4
29 Other securities 162.7 161.4 152.5 158.0
30 Trading account 102.0 101.7 98.1 105.1
31 Investment
account 60.7 59.7 54.3 52.9
32 Loans and leases in
bank credit (2) 372.0 378.2 378.9 374.7
33 Commercial and
industrial 175.6 173.2 171.3 167.7
34 Real estate 19.7 19.8 19.0 19.2
35 Security (3) 111.0 117.7 121.3 116.2
36 Other loans and
leases 65.7 67.4 67.2 71.6
37 Interbank loans 27.0 27.5 24.0 24.7
38 Cash assets (4) 39.7 41.9 43.2 50.5
39 Other assets (5) 40.5 35.8 37.8 47.7
40 Total assets (6) 752.1 760.8 754.8 779.3
Liabilities
41 Deposits 453.0 452.5 442.3 444.1
42 Transaction 10.3 11.1 10.7 10.6
43 Nontransaction 442.8 441.3 431.6 433.6
44 Borrowings 270.0 288.3 294.0 301.8
45 From banks in the
U.S. 31.1 33.7 27.5 31.8
46 From others 238.9 254.6 266.4 270.1
47 Net due to related
foreign offices -77.3 -92.2 -77.0 -77.4
48 Other liabilities 105.7 101.5 94.9 110.2
49 Total liabilities 751.4 760.1 754.2 778.7
50 Residual (assets less
liabilities) (7) .8 .6 .6 .6
Wednesday figures
Account 2003
May 7 May 14 May 21 May 28
Seasonally adjusted
Assets
1 Bank credit 653.2 654.0 659.8 670.2
2 Securities in bank
credit 274.7 280.3 284.5 286.8
3 U.S. government
securities 120.1 122.4 125.6 128.1
4 Other securities 154.6 157.9 158.9 158.7
5 Loans and leases in
bank credit (2) 378.5 378.7 375.3 387.4
6 Commercial and
industrial 171.2 171.4 169.6 168.5
7 Real estate 19.2 19.2 19.2 19.2
8 Security (3) 116.9 117.9 115.5 121.6
9 Other loans and
leases 71.2 70.2 71.1 74.1
10 Interbank loans 24.0 23.0 23.9 26.5
11 Cash asset (4) 50.2 51.8 52.3 53.8
12 Other assets (5) 44.8 48.5 45.1 50.1
13 Total assets (6) 771.7 781.8 780.7 800.2
Liabilities
14 Deposits 432.1 439.0 439.0 439.9
15 Transaction 11.7 10.6 10.7 11.1
16 Nontransaction 420.4 428.5 428.4 428.8
17 Borrowings 300.3 294.0 295.3 311.8
18 Front banks in the
U.S. 31.2 31.0 31.0 32.6
19 From others 269.1 263.0 261.3 279.1
20 Net due to related
foreign offices -75.9 -77.5 -78.4 -76.0
21 Other liabilities 103.8 113.3 111.1 109.6
22 Total liabilities 760.3 768.8 767.1 785.2
23 Residual (assets less
liabilities) (7) 11.5 13.0 13.6 15.0
Not seasonally adjusted
Assets
24 Bank credit 650.1 654.9 653.1 665.8
25 Securities in bank
credit 274.7 280.3 284.5 286.8
26 U.S. government
securities 120.1 122.4 125.6 128.1
27 Trading account 42.1 40.7 42.5 45.2
28 Investment
account 78.0 81.7 83.1 82.9
29 Other securities 154.6 157.9 158.9 158.7
30 Trading account 102.2 105.0 105.9 105.9
31 Investment
account 52.3 53.0 53.0 52.8
32 Loans and leases in
bank credit (2) 375.5 374.6 368.6 374.0
33 Commercial and
industrial 169.5 169.6 167.6 166.2
34 Real estate 19.2 19.2 19.2 19.2
35 Security (3) 116.1 116.0 111.9 120.0
36 Other loans and
leases 70.7 69.9 70.0 73.6
37 Interbank loans 24.0 23.0 23.9 26.5
38 Cash assets (4) 48.5 50.4 50.2 52.1
39 Other assets (5) 45.4 49.4 45.1 49.7
40 Total assets (6) 767.6 777.3 771.8 793.6
Liabilities
41 Deposits 439.0 444.0 447.3 446.4
42 Transaction 11.1 10.1 10.1 10.9
43 Nontransaction 427.8 434.0 433.2 435.6
44 Borrowings 300.3 294.0 295.3 311.8
45 From banks in the
U.S. 31.2 31.0 31.0 32.6
46 From others 269.1 263.0 264.3 279.1
47 Net due to related
foreign offices -76.0 -76.0 -78.4 -75.3
48 Other liabilities 103.8 114.7 111.1 110.1
49 Total liabilities 767.1 776.7 771.3 793.0
50 Residual (assets less
liabilities) (7) .6 .6 .6 .6
Footnotes appear on p. A21.
1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities (1)
F. Memo items
Billions of dollars
Monthly averages
Account 2002 2002
May Nov. Dec.
Not seasonally adjusted
MEMO
Large domemical1y chartered
banks, adjusted edlor
mergers
1 Revaluation gains on off-
balance-sheet items (8) 80.8 105.2 112.5
2 Revaluation losses on off-
balance-sheet items (8) 62.2 89.0 93.8
3 Mortgage-backed
securities (9) 307.3 (r) 371.2 (r) 363.9 (r)
4 Pass-through 210.8 274.6 265.7
5 CMO, REMIC, and other 96.6 (r) 96.6 (r) 98.2 (r)
6 Net unrealized gains
(losses) on available-for
-sale securities (10) 4.3 11.3 10.7
7 Off-shore credit to U.S.
residents (11) 19.6 18.5 18.7
8 Securitized consumer
loans (12) 135.8 148.5 150.1
9 Credit cards and related
plans 122.3 131.4 133.2
10 Other 13.5 17.0 16.9
11 Securitized business
loans (12) 17.1 17.4 17.2
Small domestically chartered
commercial banks, adjusted
for mergers
12 Mortgage-backed
securities (9) 293.9 (r) 307.0 (r) 310.5 (r)
13 Securitized consumer
loans (12) 207.6 198.7 201.3
14 Credit cards and related
plans 200.0 189.8 192.5
15 Other 7.6 8.9 8.7
Foreign-relatedinsumtiarrs
16 Revaluation gains on off-
balance-sheet items (8) 50.0 63.3 64.1
17 Revaluation losses on off-
balance-sheet items (8) 42.8 60.3 60.1
18 Securitized business
loans (12) 10.5 7.2 6.8
Monthly averages
Account 2003
Jan. Feb. (r) Mar. (r)
Not seasonally adjusted
MEMO
Large domemical1y chartered
banks, adjusted edlor
mergers
1 Revaluation gains on off-
balance-sheet items (8) 107.6 116.8 115.1
2 Revaluation losses on off-
balance-sheet items (8) 86.2 94.9 91.3
3 Mortgage-backed
securities (9) 369.6 (r) 375.6 380.0
4 Pass-through 271.2 276.5 275.8
5 CMO, REMIC, and other 98.4 (r) 99.1 104.1
6 Net unrealized gains
(losses) on available-for
-sale securities (10) 11.8 (r) 11.7 11.7
7 Off-shore credit to U.S.
residents (11) 18.3 18.2 18.2
8 Securitized consumer
loans (12) 149.7 150.6 152.5
9 Credit cards and related
plans 132.2 134.8 136.7
10 Other 17.5 15.8 15.8
11 Securitized business
loans (12) 16.9 17.2 16.8
Small domestically chartered
commercial banks, adjusted
for mergers
12 Mortgage-backed
securities (9) 310.0 (r) 315.8 327.1
13 Securitized consumer
loans (12) 205.4 (r) 204.2 202.8
14 Credit cards and related
plans 197.0 (r) 195.8 194.3
15 Other 8.5 8.4 8.5
Foreign-relatedinsumtiarrs
16 Revaluation gains on off-
balance-sheet items (8) 67.0 (r) 67.1 65.2
17 Revaluation losses on off-
balance-sheet items (8) 63.0 (r) 64.9 63.4
18 Securitized business
loans (12) 5.6 4.6 4.1
Monthly averages Wednesday
figures
Account 2003 2003
Apr. May May 7 May 14
Not seasonally adjusted
MEMO
Large domemical1y chartered
banks, adjusted edlor
mergers
1 Revaluation gains on off-
balance-sheet items (8) 105.7 128.1 120.5 127.2
2 Revaluation losses on off-
balance-sheet items (8) 81.4 105.1 97.6 105.2
3 Mortgage-backed
securities (9) 399.3 425.6 425.4 403.8
4 Pass-through 288.1 (r) 313.8 312.2 290.7
5 CMO, REMIC, and other 111.2 111.8 113.3 113.0
6 Net unrealized gains
(losses) on available-for
-sale securities (10) 10.6 (r) 12.1 11.5 11.5
7 Off-shore credit to U.S.
residents (11) 17.5 17.3 17.2 17.2
8 Securitized consumer
loans (12) 154.2 155.0 154.3 154.1
9 Credit cards and related
plans 138.7 139.4 139.3 139.2
10 Other 15.5 15.5 15.0 14.9
11 Securitized business
loans (12) 16.5 17.0 17.1 17.1
Small domestically chartered
commercial banks, adjusted
for mergers
12 Mortgage-backed
securities (9) 336.5 (r) 335.2 338.2 338.2
13 Securitized consumer
loans (12) 205.2 (r) 205.0 205.4 204.5
14 Credit cards and related
plans 196.9 (r) 196.8 197.1 196.3
15 Other 8.3 8.2 8.2 8.2
Foreign-relatedinsumtiarrs
16 Revaluation gains on off-
balance-sheet items (8) 63.8 (r) 73.5 70.8 73.5
17 Revaluation losses on off-
balance-sheet items (8) 61.6 (r) 72.6 68.5 72.5
18 Securitized business
loans (12) 3.3 (r) 3.0 3.0 3.0
Wednesday figures
Account 2003
May 21 May 28
Not seasonally adjusted
MEMO
Large domemical1y chartered
banks, adjusted edlor
mergers
1 Revaluation gains on off-
balance-sheet items (8) 128.8 130.2
2 Revaluation losses on off-
balance-sheet items (8) 106.4 106.8
3 Mortgage-backed
securities (9) 430.8 435.4
4 Pass-through 320.1 326.1
5 CMO, REMIC, and other 110.7 109.4
6 Net unrealized gains
(losses) on available-for
-sale securities (10) 12.2 12.1
7 Off-shore credit to U.S.
residents (11) 17.5 17.4
8 Securitized consumer
loans (12) 155.0 156.1
9 Credit cards and related
plans 140.1 139.3
10 Other 14.9 16.8
11 Securitized business
loans (12) 17.0 16.6
Small domestically chartered
commercial banks, adjusted
for mergers
12 Mortgage-backed
securities (9) 333.7 331.3
13 Securitized consumer
loans (12) 204.2 205.4
14 Credit cards and related
plans 196.0 197.2
15 Other 8.2 8.2
Foreign-relatedinsumtiarrs
16 Revaluation gains on off-
balance-sheet items (8) 74.7 74.2
17 Revaluation losses on off-
balance-sheet items (8) 74.3 73.6
18 Securitized business
loans (12) 3.0 2.9
NOTE. Tables 1.26, 1.27, and 1.28 have been revised to reflect changes
in the Board's H.8 statistical release, "Assets and Liabilities of
Commercial Banks in the United States." Table 1.27, "Assets and
Liabilities of Large Weekly Reporting Commercial Banks," and table
1.28, "Large Weekly Reporting U.S. Branches and Agencies of Foreign
Banks," are no longer being published in the Bulletin. Instead,
abbreviated balance sheets for both large and small domestically
chartered banks have been included in table 1.26, parts C and D. Data
are both merger-adjusted and break-adjusted. In addition, data from
large weekly reporting U.S. branches and agencies of foreign banks have
been replaced by balance sheet estimates of all foreign-related
institutions and are included in table 1.26, part E. These data are
break-adjusted.
The not-seasonally-adjusted data for all tables now contain additional
balance sheet items, which were available as of October 2. 1996.
(1.) Covers the following types of institutions in the fifty states and
the District of Columbia: domestically chartered commercial banks that
submit a weekly report of condition (large domestic); other
domestically chartered commercial banks (small domestic): branches and
agencies of foreign banks, and Edge Act and agreement corporations
(foreign-related institutions). Excludes International Banking
Facilities. Data are Wednesday values or pro rata averages of Wednesday
values. Large domestic banks constitute a universe; data for small
domestic banks and foreign-related institutions are estimates based on
weekly samples and on quarter-end condition reports. Data are adjusted
for breaks caused by reclassifications of assets and liabilities.
The data for large and small domestic banks presented on pp. A17-19 are
adjusted to remove the estimated effects of mergers between these two
groups. The adjustment for mergers changes past levels to make them
comparable with current levels. Estimated quantities of balance sheet
items acquired in mergers are removed front 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 lot 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 1998 1999 2000 2001
1 All issuers 1,163,303 1,403,023 1,619,274 1,458,870
Financial
companies (1)
2 Dealer-placed paper,
total (2) 614,142 786,643 963,070 967,748
3 Directly placed
paper, total (3) 322,030 337,240 312,771 266,276
4 Nonfinancial
companies (4) 227,132 279,140 343,433 224,847
Year ending 2002 2003
December
Item 2002 Nov. (r) Dec. (r) Jan. (r)
1 All issuers 1,347,997 1,377,217 1,347,997 1,373,133
Financial
companies (1)
2 Dealer-placed paper,
total (2) 976,163 1,008,028 976,163 983,059
3 Directly placed
paper, total (3) 217,787 211,574 217,787 236,820
4 Nonfinancial
companies (4) 154,047 157,615 154,047 153,254
2003
Item Feb. (r) Mar. (r) Apr.
1 All issuers 1,346,782 1,341,270 1,342,147
Financial
companies (1)
2 Dealer-placed paper,
total (2) 952,868 946,773 961,002
3 Directly placed
paper, total (3) 239,037 244,504 232,879
4 Nonfinancial
companies (4) 154,876 149,993 148,266
(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 cummunications, 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
2000--Jan. 1 8.50
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
2003--June 27 4.00
Period Average
rate
2000 9.23
2001 6.91
2002 4.67
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
Dec. 4.25
2003--Jan. 4.25
Feb. 4.25
Mar. 4.25
Apr. 4.25
May 4.25
June 4.22
(1.) The prince 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 3.13 (415) monthly statistical releases. For ordering address, see
inside front cover.
1.35 INTEREST RATES Money and Capital Markets
Percent per year; figures are averages of business day data unless
otherwise noted
Item 2000 2001 2002
MONEY MARKET
INSTRUMENTS
1 Federal funds
(1,2,3) 6.24 3.88 1.67
2 Discount window
primary
credit (2,4) n.a. n.a. n.a.
Commercial paper (3,
5,6)
Nonfinancial
3 1-month 6.27 3.78 1.67
4 2-month 6.29 3.68 1.67
5 3-momth 6.31 3.65 1.69
Financial
6 1-month 6.28 3.80 1.68
7 2-month 6.30 3.71 1.69
8 3-month 6.33 3.65 1.70
Certificates of
deposit, secondary
market (3,7)
9 1-month 6.35 3.84 1.72
10 3-month 6.46 3.71 1.73
11 6-month 6.59 3.66 1.81
12 Eurodollar deposits,
3-month (3,8) 6.45 3.70 1.73
U.S. Treasury bills
Secondary
markets (3,5)
13 4-week n.a. 2.43 1.60
14 3-month 5.82 3.40 1.61
15 6-month 5.90 3.34 1.68
U.S. TREASURY NOTES
AND BONDS
Constant
maturities (9)
16 1-year 6.11 3.49 2.00
17 2-year 6.26 3.83 2.64
18 3-year 6.22 4.09 3.10
19 5-year 6.16 4.56 3.82
20 7-year 6.20 4.88 4.30
21 10-year 6.03 5.02 4.61
22 20-year 6.23 5.63 5.43
Treasury long-tem
average (10,11)
23 25 years and above n.a. n.a. 5.41
STATE AND LOCAL NOTES
AND BONDS
Moody's series (12)
24 Aaa 5.58 5.01 (r) 4.87
25 Boa 6.19 5.75 5.64
26 Bond Buyer
series (13) 5.71 5.15 5.04
CORPORATE BONDS
27 Seasoned issues, all
industries (14) 7.98 7.49 7.10
Rating group
28 Aaa (15) 7.62 7.08 6.49
29 Aa 7.83 7.26 6.93
30 A 8.11 7.67 7.18
31 Baa 8.37 7.95 7.80
MEMO
Dividend-price
ratio (16)
32 Common stocks 1.15 1.32 1.61
2003
Item
Feb. Mar. Apr. May
MONEY MARKET
INSTRUMENTS
1 Federal funds
(1,2,3) 1.26 1.25 1.26 1.26
2 Discount window
primary
credit (2,4) 2.25 2.25 2.25 2.25
Commercial paper (3,
5,6)
Nonfinancial
3 1-month 1.24 1.21 1.22 1.21
4 2-month 1.25 1.20 1.21 1.20
5 3-momth 1.26 1.19 1.20 1.19
Financial
6 1-month 1.25 1.23 1.24 1.24
7 2-month 1.25 1.22 1.23 1.22
8 3-month 1.25 1.21 1.23 1.20
Certificates of
deposit, secondary
market (3,7)
9 1-month 1.27 1.25 1.26 1.26
10 3-month 1.27 1.23 1.24 1.22
11 6-month 1.27 1.20 1.23 1.19
12 Eurodollar deposits,
3-month (3,8) 1.26 1.21 1.23 1.21
U.S. Treasury bills
Secondary
markets (3,5)
13 4-week 1.19 1.16 1.14 1.06
14 3-month 1.17 1.13 1.13 1.07
15 6-month 1.18 1.13 1.14 1.08
U.S. TREASURY NOTES
AND BONDS
Constant
maturities (9)
16 1-year 1.30 1.24 1.27 1.18
17 2-year 1.63 1.57 1.62 1.42
18 3-year 2.05 1.98 2.06 1.75
19 5-year 2.90 2.78 2.93 2.52
20 7-year 3.45 3.34 3.47 3.07
21 10-year 3.90 3.81 3.96 3.57
22 20-year 4.87 4.82 4.91 4.52
Treasury long-tem
average (10,11)
23 25 years and above 4.93 4.90 4.99 4.61
STATE AND LOCAL NOTES
AND BONDS
Moody's series (12)
24 Aaa 4.57 4.51 4.60 4.16
25 Boa 5.48 5.32 5.34 4.91
26 Bond Buyer
series (13) 4.81 4.76 4.74 4.41
CORPORATE BONDS
27 Seasoned issues, all
industries (14) 6.50 6.42 6.32 5.88
Rating group
28 Aaa (15) 5.95 5.89 5.74 5.22
29 Aa 6.34 6.28 6.22 5.85
30 A 6.63 6.54 6.45 6.08
31 Baa 7.06 6.95 6.85 6.38
MEMO
Dividend-price
ratio (16)
32 Common stocks 1.91 1.92 1.81 1.72
2003, week ending
Item
May 2 May 9 May 16 May 23 May 30
MONEY MARKET
INSTRUMENTS
1 Federal funds
(1,2,3) 1.28 1.26 1.25 1.27 1.24
2 Discount window
primary
credit (2,4) 2.25 2.25 2.25 2.25 2.25
Commercial paper (3,
5,6)
Nonfinancial
3 1-month 1.22 1.20 1.22 1.21 1.23
4 2-month 1.21 1.20 1.20 1.19 1.20
5 3-momth 1.21 1.19 1.19 1.18 1.21
Financial
6 1-month 1.24 1.24 1.24 1.23 1.24
7 2-month 1.24 1.22 1.23 1.21 1.22
8 3-month 1.24 1.21 1.21 1.19 1.20
Certificates of
deposit, secondary
market (3,7)
9 1-month 1.26 1.25 1.26 1.26 1.26
10 3-month 1.24 1.23 1.23 1.21 1.22
11 6-month 1.22 1.21 1.21 1.16 1.17
12 Eurodollar deposits,
3-month (3,8) 1.23 1.22 1.22 1.19 1.20
U.S. Treasury bills
Secondary
markets (3,5)
13 4-week 1.09 1.06 0.98 1.07 1.17
14 3-month 1.11 1.09 1.05 1.04 1.09
15 6-month 1.13 1.11 1.08 1.05 1.07
U.S. TREASURY NOTES
AND BONDS
Constant
maturities (9)
16 1-year 1.25 1.23 1.20 1.13 1.13
17 2-year 1.56 1.48 1.44 1.36 1.33
18 3-year 1.99 1.86 1.76 1.65 1.60
19 5-year 2.88 2.70 2.52 2.35 2.32
20 7-year 3.42 3.25 3.07 2.90 2.90
21 10-year 3.92 3.77 3.56 3.38 3.39
22 20-year 4.82 4.70 4.51 4.34 4.38
Treasury long-tem
average (10,11)
23 25 years and above 4.90 4.81 4.62 4.42 4.46
STATE AND LOCAL NOTES
AND BONDS
Moody's series (12)
24 Aaa 4.33 4.06 4.32 4.10 3.98
25 Boa 5.20 4.99 4.90 4.84 4.63
26 Bond Buyer
series (13) 4.58 4.50 4.35 4.30 4.31
CORPORATE BONDS
27 Seasoned issues, all
industries (14) 6.16 6.03 5.88 5.73 5.75
Rating group
28 Aaa (15) 5.56 5.42 5.23 5.01 5.05
29 Aa 6.09 5.97 5.84 5.72 5.74
30 A 6.33 6.20 6.08 5.95 5.97
31 Baa 6.68 6.52 6.39 6.23 6.24
MEMO
Dividend-price
ratio (16)
32 Common stocks 1.74 1.73 1.72 1.74 1.70
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.) The rate charged for discounts made and advances extended under
the Federal Reserve's primary credit discount window program, which
became effective January 9, 2003. This rate replaces that for
adjustment credit, which was discontinued after January 8, 2003.
For further information, see http://www.federalreserve.gov/boarddocs/
press/bcreg/2002/200210312/default.htm. The rate reported is that for
the Federal Reserve Bank of New York. Historical series for the rule on
adjustment credit is available at: http://www.federalreserve.gov/
releases/h15/data.htm.
(5.) Quoted on a discount basis.
(6.) Interest rates interpolated from data on certain commercial paper
trades settled by the Depository Trust Company. The trades represent
sales of commercial paper by dealers or direct issuers to investors
(that is, the offer side). See 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.tress.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 Moody's Al rating. Based on Thursday
figures.
(14.) Daily figures are averages of Aaa, Aa, A, and Baa yields from
Moody's Investors Service. Based on yields to maturity on selected
long-term bonds.
(15.) Effective December 7, 2001, the Moody's Aaa yield includes yields
only for industrial firms. Prior to December 7, 2001, the Aaa yield
represented both utilities and industrial.
(16.) Standard & Poor's corporate series. Common stock ratio is based
on the 500 stocks in the price index.
SOURCE: U.S. Department of the Treasury.
1.36 STOCK MARKET Selected Statistics
Indicator 2000 2001 2002
Prices and trading volume
(averages of daily figures)
Common stock prices
(index)
1 New York Stock Exchange
(Dec. 31, 1965 = 50) 6,806.46 6,407.95 5,571.46
2 Industrial 809.40 749.46 656.44
3 Transportation 414.73 444.45 430.63
4 Utility 478.99 377.72 260.50
5 Finance 552.48 596.61 554.88
6 Standard & Poor's
Corporation
(1941-03 = 10) (1) 1,427.22 1,194.18 993.94
7 American Stock Exchange
(Aug. 31 1973 =
50) (2) 922.22 879.08 860.11
Volume of trading
(thousands of share)
8 New York Stock Exchange 1,026,867 1,216.529 1,411,689
9 American Stock Exchange 51,437 68,074 n.a.
Customer financing (millions of
dollars, end-of-period balances)
10 Margin credit at broker
dealers 198,790 150,450 134,380
Free credit balances at
brokers (4)
11 Margin accounts (5) 100,680 101,640 95,690
12 Cash accounts 84,400 78,040 73,340
Margin requirements (percent of market
value and effective date) (6)
Mar. 11, 1968 June 8, 1968 May 6, 1970
13 Margin stock 70 80 65
14 Convertible bond 50 60 50
15 Short sale 70 80 65
2002
Indicator
Sept. Oct. Nov.
Prices and trading volume
(averages of daily figures)
Common stock prices
(index)
1 New York Stock Exchange
(Dec. 31, 1965 = 50) 4,980.65 4,862.70 5,104.89
2 Industrial 589.14 574.45 597.75
3 Transportation 388.19 383.41 405.03
4 Utility 210.76 207.83 229.41
5 Finance 506.05 494.06 523.50
6 Standard & Poor's
Corporation
(1941-03 = 10) (1) 867.81 854.63 909.93
7 American Stock Exchange
(Aug. 31 1973 =
50) (2) 852.03 807.38 820.62
Volume of trading
(thousands of share)
8 New York Stock Exchange 1,370,143 1,619,896 1,427,254
9 American Stock Exchange n.a. n.a. n.a.
Customer financing (millions of
dollars, end-of-period balances)
10 Margin credit at broker
dealers 130,210 130,570 133,060
Free credit balances at
brokers (4)
11 Margin accounts (5) 98,630 96,620 91,240
12 Cash accounts 67,550 66,780 67,380
Margin requirements (percent of market
value and effective date) (6)
Dec. 6, 1971 Nov. 24, 1972 Jan. 3, 1974
13 Margin stock 55 65 50
14 Convertible bond 50 5 50
15 Short sale 55 65 50
2002 2003
Indicator
Dec. Jan. Feb.
Prices and trading volume
(averages of daily figures)
Common stock prices
(index)
1 New York Stock Exchange
(Dec. 31, 1965 = 50) 5,075.76 5,055.78 4,738.56
2 Industrial 593.15 587.78 553.90
3 Transportation 401.39 394.60 367.55
4 Utility 236.71 236.42 214.64
5 Finance 519.72 522.51 485.72
6 Standard & Poor's
Corporation
(1941-03 = 10) (1) 899.18 895.84 837.62
7 American Stock Exchange
(Aug. 31 1973 =
50) (2) 823.77 824.64 818.84
Volume of trading
(thousands of share)
8 New York Stock Exchange 1,210,332 1,441,846 1,302,011
9 American Stock Exchange n.a. n.a. n.a.
Customer financing (millions of
dollars, end-of-period balances)
10 Margin credit at broker
dealers 134,380 134,910 134,030
Free credit balances at
brokers (4)
11 Margin accounts (5) 95,690 96,430 95,400
12 Cash accounts 73,340 66,260 67,260
Margin requirements (percent of market
value and effective date) (6)
13 Margin stock
14 Convertible bond
15 Short sale
2003
Indicator
Mar. Apr. May
Prices and trading volume
(averages of daily figures)
Common stock prices
(index)
1 New York Stock Exchange
(Dec. 31, 1965 = 50) 4,724.22 4,977.45 5,269.96
2 Industrial 558.10 583.74 613.26
3 Transportation 366.90 395.85 425.12
4 Utility 211.45 221.06 238.33
5 Finance 486.71 522.05 549.91
6 Standard & Poor's
Corporation
(1941-03 = 10) (1) 846.62 890.03 935.96
7 American Stock Exchange
(Aug. 31 1973 =
50) (2) 822.34 837.92 894.74
Volume of trading
(thousands of share)
8 New York Stock Exchange 1,403,742 1,381.580 1,455.858
9 American Stock Exchange n.a. n.a. n.a.
Customer financing (millions of
dollars, end-of-period balances)
10 Margin credit at broker
dealers 135,910 140,450 146,380
Free credit balances at
brokers (4)
11 Margin accounts (5) 90,830 88,770 88,540
12 Cash accounts 68,860 70,080 71,270
Margin requirements (percent of market
value and effective date) (6)
13 Margin stock
14 Convertible bond
15 Short sale
(1.) In July 1976 a financial group, composed of banks and insurance
companies, was added to the of stocks on which the index is based. The
index is now based on 400 industrial stocks (formerly 425), 20
transportation (formerly 15 rail), 40 public utility (formerly 60), and
40 financial.
(2.) On July 5, 1983, the American Stock Exchange rebased its index,
effectively cutting previous readings in half.
(3.) Since July 1983, under the revised Regulation T, margin credit at
broker-dealers has included credit extended against stocks, convertible
bonds, stocks acquired through the exercise of subscription rights,
corporate bonds, and government securities. Separate reporting of data
for margin stocks, convertible bonds, and subscription issues was
discontinued in April 1984.
(4.) Free credit balances are amounts in accounts with no unfulfilled
commitments to brokers and are subject to withdrawal by customers on
demand.
(5.) Series initiated in June 1984.
(6.) Margin requirements, stated in regulations adopted by the Board of
Governors pursuant to the Securities Exchange Act of 1934, limit the
amount of credit that can be used to purchase and carry "margin
securities" (as defined in the regulations) when such credit is
collateralized by securities. Margin requirements on securities are the
difference between the market value (100 percent) and the maximum loan
value of collateral as prescribed by the Board. Regulation T was
adopted effective Oct. 15, 1934: Regulation U, effective May 1, 1936:
Regulation G, effective Mar. 11, 1968: and Regulation X, effective Nov.
1, 1971.
On Jan. 1, 1977, the Board of Governors for the first time established
in Regulation T the initial margin required for writing options on
securities, setting it at 30 percent of the current market value of the
stock underlying the option. On Sept. 30, 1985, the Board changed the
required initial margin, allowing it to be the same as the option
maintenance margin required by the appropriate exchange or
self-regulatory organization: such maintenance margin rules must be
approved by the Securities and Exchange Commission.
1.40 FEDERAL DEBT SUBJECT TO STATUTORY LIMITATION
Billions of dollars, end of month
2001
Item
Mar. 31 June 30 Sept. 30 Dec. 31
1 Federal debt outstanding 5,800.6 5,753.9 5,834.5 5,970.3
2 Public debt securities 5,773.7 5,726.8 5,807.5 5,943.4
3 Held by public 3,434.4 3,274.2 3,338.7 3,393.8
4 Held by agencies 2,339.4 2,452.6 2,468.8 2,549.7
5 Agency securities 26.8 27.1 27.7 26.8
6 Held by public 26.8 27.1 27.0 26.8
7 Held by agencies .1 .0 .0 .0
8 Debt subject to
statutory limit 5,692.5 5,645.0 5,732.6 5,871.4
9 Public debt securities 5,692.3 5,644.8 5,732.4 5,871.2
10 Other debt (1) .2 .2 .2 .3
MEMO
11 Statutory debt limit 5,950.0 5,950.0 5,950.0 5,950.0
2002
Item
Mar. 31 June 30 Sept. 30 Dec. 31
1 Federal debt outstandin 6,032.4 6,153.3 6,255.4 6,433.0
2 Public debt securities 6,006.0 6,126.5 6,228.2 64115.7
3 Held by public 3,443.7 3,463.5 3,552.6 3,647.4
4 Held by agencies 2,562.4 2,662.9 2,675.6 2,758.3
5 Agency securities 26.4 26.8 27.2 27.3
6 Held by public 26.4 26.8 27.2 27.3
7 Held by agencies .0 .0 .0 .0
8 Debt subject to
statutory limit 5,935.1 6,058.3 6,161.4 6,359.4
9 Public debt securities 5,935.0 6,058.1 6,161.1 6,359.1
10 Other debt (1) .2 .2 .3 .3
MEMO
11 Statutory debt limit 5,950.0 6,400.0 6,400.0 6,400.0
2003
Item
Mar. 31
1 Federal debt outstanding 6,487.7
2 Public debt securities 6,460.8
3 Held by public 3,710.8
4 Held by agencies 2,750.0
5 Agency securities 26.9
6 Held by public 26.9
7 Held by agencies .0
8 Debt subject to
statutory limit 6,400.0
9 Public debt securities 6,399.8
10 Other debt (1) .2
MEMO
11 Statutory debt limit 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 1999 2000 2001 2002
1 Total gross public debt 5,776.1 5,662.2 5,943.4 6,405.7
By type
2 Interest-bearing 5,766.1 5,618.1 5,930.8 6,391.4
3 Marketable 3,281.0 2,966.9 2,982.9 3,205.1
4 Bills 737.1 646.9 811.3 888.8
5 Notes 1,784.5 1,557.3 1,413.9 1,580.8
6 Bonds 643.7 626.5 602.7 588.7
7 Inflation-indexed
notes and bonds (1) 100.7 121.2 140.1 146.9
8 Nonmarketable (2) 2,485.1 2,651.2 2,947.9 3,186.3
9 State and local
government series 165.7 151.0 146.3 153.4
10 Foreign issues (3) 31.3 27.2 15.4 11.2
11 Government 31.3 27.2 15.4 11.2
12 Public .0 .0 .0 .0
13 Savings bonds and
notes 179.4 176.9 181.5 184.8
14 Government
account series (4) 2,078.7 2,266.1 2,574.8 2,806.9
15 Non-interest-bearing 10.0 44.2 12.7 14.3
By holder (5)
16 U.S. Treasury and other
federal agencies and
most funds 2,064.2 2,270.1 2,572.2 2,757.8
17 Federal Reserve Banks (6) 478.0 511.7 551.7 629.4
18 Private investors 3,233.9 2,880.4 2,819.5 3,018.5
19 Depository institutions 248.7 201.5 181.5 223.2
20 Mutual funds 228.6 220.8 257.5 278.1
21 Insurance companies 123.4 110.2 105.7 117.4
22 State and local
treasuries (7) 266.8 236.2 256.5 274.2
Individuals
23 Savings bonds 186.4 184.8 190.3 194.9
24 Pension funds 321.0 304.1 281.6 284.2
25 Private 109.8 108.4 104.2 111.4
26 Slate and Local 211.2 195.7 177.4 172.8
27 Foreign and
international (8) 1,268.7 1,034.2 1,053.1 1,174.2
28 Other miscellaneous
investors (7,9) 590.3 588.7 493.3 n.a.
2002 2003
Type and holder
Q2 Q3 Q4 Q1
1 Total gross public debt 6,126.5 6,228.2 6,405.7 6,460.8
By type
2 Interest-bearing 6,087.0 6,216.3 6,391.4 6,474.0
3 Marketable 3,024.8 3,136.6 3,205.1 3,331.8
4 Bills 822.5 868.3 888.8 955.1
5 Notes 1,446.9 1,521.5 1,580.8 1,622.9
6 Bonds 592.9 592.9 588.7 585.7
7 Inflation-indexed
notes and bonds (1) 147.5 138.9 146.9 153.2
8 Nonmarketable (2) 3,062.2 3,079.6 3,186.3 3,142.2
9 State and local
government series 142.8 144.3 153.4 148.8
10 Foreign issues (3) 13.3 12.5 11.2 12.2
11 Government 13.3 12.5 11.2 12.2
12 Public .0 .0 .0 .0
13 Savings bonds and
notes 184.8 185.6 184.8 187.3
14 Government
account series (4) 2,691.4 2,707.3 2,806.9 2,763.8
15 Non-interest-bearing 39.5 12.0 14.3 13.8
By holder (5)
16 U.S. Treasury and other
federal agencies and
most funds 2,686.0 2,701.3 2,757.8 2,763.3
17 Federal Reserve Banks (6) 590.7 604.2 629.4 641.5
18 Private investors 2,849.8 2,924.8 3,018.5 3,055.6
19 Depository institutions 204.4 210.4 223.2 152.8
20 Mutual funds 250.0 253.6 278.1 299.9
21 Insurance companies 110.3 116.0 117.4 140.3
22 State and local
treasuries (7) 271.7 269.4 274.2 273.4
Individuals
23 Savings bonds 192.7 193.3 194.9 196.9
24 Pension funds 286.0 284.9 284.2 294.6
25 Private 108.8 110.9 111.4 116.3
26 Slate and Local 177.2 174.1 172.8 178.3
27 Foreign and
international (8) 1,068.1 1,128.6 1,174.2 1,250.5
28 Other miscellaneous
investors (7,9) 466.5 471.1 n.a. 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
2003,
week
2003 ending
Item Feb. Mar. Apr. Apr. 2
By type of maturity
1 U.S. Treasury bills 42,383 48,449 45,958 50,824
Treasury coupon secu-
rities by maturity
2 Three years or less 116,714 126,659 118,650 126,390
3 More than three but
less than or equal
to six years 111,100 117,650 98,983 109,566
4 More than six but
less than or equal
to eleven years 85,141 93,192 72,089 80,619
5 More than eleven 20,817 21,768 19,829 17,546
6 Inflation-indexed (2) 2,995 2,987 3,092 2,681
Federal agency and
government-sponsored
enterprises
7 Discount notes 56,333 52,936 52,188 55,959
Coupon securities by
maturity
8 Three years or less 11,391 14,229 11,020 11,733
9 More than three
years but less
than or equal to
six years 10,878 11,502 9,753 9,029
10 More than six years
but less than or
equal to eleven
years 5,875 7,006 5,166 5,528
11 More than eleven
years 1,071 1,584 647 1,008
12 Mortgage-backed 214,993 242,417 216,931 177,785
Corporate securities
13 One year or less 111,264 124,603 125,402 127,672
14 More than one year 22,114 23,239 20,592 20,756
By type of counterparty
With interdealer broker
15 U.S. Treasury 176,738 191,462 164,812 178,616
16 Federal agency and
government-
sponsored
enterprises 8,572 10,578 8,077 9,517
17 Mortgage-backed 61,573 68,952 56,005 52,375
18 Corporate 518 488 554 450
With other
19 U.S. Treasury 202,410 219,244 193,790 209,009
20 Federal agency and
government-
sponsored
enterprises 76,975 76,678 70,697 73,738
21 Mortgage-backed 143,420 172,465 160,926 125,410
22 Corporate 132,860 147,355 145,441 147,978
2003, week ending
Item Apr. 9 Apr. 16 Apr. 23 Apr. 30
By type of maturity
1 U.S. Treasury bills 47,273 48,767 44,202 41,294
Treasury coupon secu-
rities by maturity
2 Three years or less 100,933 111,472 115,270 143,154
3 More than three but
less than or equal
to six years 110,875 91,447 76,090 108,709
4 More than six but
less than or equal
to eleven years 78,135 73,636 52,114 77,064
5 More than eleven 18,625 17,791 20,615 23,356
6 Inflation-indexed (2) 2,663 2,579 2,578 4,610
Federal agency and
government-sponsored
enterprises
7 Discount notes 48,924 49,128 54,850 54,874
Coupon securities by
maturity
8 Three years or less 9,836 15,487 7,469 10,293
9 More than three
years but less
than or equal to
six years 7,359 11,394 6,077 13,738
10 More than six years
but less than or
equal to eleven
years 4,184 6,264 4,935 5,089
11 More than eleven
years 695 556 574 606
12 Mortgage-backed 262,926 226,348 178,265 208,109
Corporate securities
13 One year or less 116,708 131,411 134,729 119,717
14 More than one year 19,998 19,597 18,935 23,442
By type of counterparty
With interdealer broker
15 U.S. Treasury 165,695 161,332 141,913 180,206
16 Federal agency and
government-
sponsored
enterprises 7,440 8,255 6,256 9,417
17 Mortgage-backed 65,872 61,531 44,644 51,151
18 Corporate 593 528 639 513
With other
19 U.S. Treasury 192,809 184,361 168,956 217,980
20 Federal agency and
government-
sponsored
enterprises 63,558 74,573 67,650 75,183
21 Mortgage-backed 197,055 164,817 133,620 156,958
22 Corporate 136,114 150,481 153,025 142,646
2003, week ending
Item May 7 May 14 May 21 May 28
By type of maturity
1 U.S. Treasury bills 48,151 52,457 47,436 43,048
Treasury coupon secu-
rities by maturity
2 Three years or less 152,603 165,286 156,854 197,753
3 More than three but
less than or equal
to six years 142,386 161,206 127,244 129,030
4 More than six but
less than or equal
to eleven years 91,107 140,383 127,759 115,527
5 More than eleven 25,240 36,135 48,728 41,092
6 Inflation-indexed (2) 3,658 4,603 4,171 5,284
Federal agency and
government-sponsored
enterprises
7 Discount notes 60,610 57,864 64,649 56,480
Coupon securities by
maturity
8 Three years or less 10,964 12,070 10,625 11,418
9 More than three
years but less
than or equal to
six years 8,939 10,909 13,081 8,265
10 More than six years
but less than or
equal to eleven
years 6,354 11,403 7,517 5,180
11 More than eleven
years 1,083 1,088 806 1,292
12 Mortgage-backed 213,423 340,957 274,423 189,863
Corporate securities
13 One year or less 125,049 122,813 121,051 112,448
14 More than one year 24,252 23,979 23,839 19,941
By type of counterparty
With interdealer broker
15 U.S. Treasury 217,238 256,307 239,215 236,013
16 Federal agency and
government-
sponsored
enterprises 9,205 12,318 11,705 9,092
17 Mortgage-backed 60,669 84,136 83,652 60,189
18 Corporate 565 561 520 499
With other
19 U.S. Treasury 245,907 303,762 272,977 295,721
20 Federal agency and
government-
sponsored
enterprises 78,745 81,016 84,971 73,544
21 Mortgage-backed 152,754 256,821 190,770 129,674
22 Corporate 148,735 146,232 144,369 131,930
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.) 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.
U.S. GOVERNMENT SECURITIES DEALERS Positions and Financing (1)
Millions of dollars
Item, by type of security 2003
Feb. Mar. Apr.
Net outright positions (2)
1 US. Treasury bills 33,405 36,519 21,878
Treasury coupon
securities by
maturity
2 Three years or less -13,349 -11,710 -15,269
3 More than three
years but less
than or equal to
six years -30,605 -39,305 16,833
4 More than six bar
less than or equal
to eleven years -13,246 -12,408 -12,234
5 More than eleven 4,742 5,513 5,442
6 Inflation-indexed 2,051 2,502 1,544
Federal agency and
government-
sponsored
enterprises
7 Discount notes 56,067 54,393 55,454
Coupon securities,
by maturity
8 Three years or less 18,206 19,765 19,419
9 More than three
years but less
than or equal to
six years 7,076 4,786 3,770
10 More than six but
less than equal to
eleven years 1,050 2,292 3,328
11 More than eleven 2,261 2,357 2,351
12 Mortgage-backed 27,290 44,922 46,326
Corporate securities
13 One year or less 26,844 26,170 29,461
14 More than one year 49,821 48,917 48,801
Financing (3)
Securities in, U.S.
Treasury
15 Overnight and
continuing 649,602 655,300 656,984
16 Term 711,711 784,955 791,597
Federal agency and
government-sponsored
enterprises
17 Overnight and
continuing 156,551 153,551 152,545
18 Term 225,453 239,424 229,326
Mortgage-backed
securities
19 Overnight and
continuing 41,472 39,251 40,105
20 Term 245,796 249,003 244,815
Corporate securities
21 Overnight and
continuing 61,244 65,856 66,811
22 Term 24,535 25,792 25,873
MEMO
Reverse repurchase
agreements
23 Overnight and
continuing 462,703 469,568 461,743
24 Term 1,044,314 1,127,240 1,117,241
Securities out, U.S.
Treasury
25 Overnight and
continuing 613,714 638,051 621,314
26 Term 651,391 717,308 729,460
Federal agency and
government-sponsored
enterprises
27 Overnight and
continuing 302,428 286,453 282,367
28 Term 156,795 176,180 175,326
Mortgage backed
securities
19 Overnight and
continuing 336,090 328,058 334,764
30 Term 149,392 153,495 152,637
Corporate securities
31 Overnight and
continuing 138,598 141,619 143,957
32 Term 22,083 22,184 22,754
MEMO
Repurchase agreements
33 Overnight and
continuing 1,190,429 1,195,376 1,187,404
34 Term 944,456 1,022,027 1,027,811
Item, by type of security 2003, week ending
Apr. 2 Apr. 9 Apr. 16
Net outright positions (2)
1 US. Treasury bills 45,980 41,995 15,473
Treasury coupon
securities by
maturity
2 Three years or less -13,477 -13,489 -17,619
3 More than three
years but less
than or equal to
six years -42,417 -44,737 -45,186
4 More than six bar
less than or equal
to eleven years -11,108 -9,103 -11,431
5 More than eleven 6,102 6,179 6,447
6 Inflation-indexed 1,718 1,747 1,491
Federal agency and
government-
sponsored
enterprises
7 Discount notes 55,688 58,847 53,653
Coupon securities,
by maturity
8 Three years or less 18,191 17,044 21,148
9 More than three
years but less
than or equal to
six years 4,104 2,301 4,592
10 More than six but
less than equal to
eleven years 2,467 2,467 3,472
11 More than eleven 2,584 2,351 2,318
12 Mortgage-backed 4,634 41,394 46,185
Corporate securities
13 One year or less 23,967 24,926 35,531
14 More than one year 48,240 46,324 48,471
Financing (3)
Securities in, U.S.
Treasury
15 Overnight and
continuing 675,479 651,078 647,614
16 Term 721,631 761,654 790,110
Federal agency and
government-sponsored
enterprises
17 Overnight and
continuing 152,954 157,895 155,053
18 Term 233,058 228,195 226,628
Mortgage-backed
securities
19 Overnight and
continuing 38,566 38,380 41,891
20 Term 238,006 245,287 241,007
Corporate securities
21 Overnight and
continuing 65,940 67,249 66,857
22 Term 26,213 25,268 25,200
MEMO
Reverse repurchase
agreements
23 Overnight and
continuing 471,313 451,009 446,480
24 Term 1,044,426 1,094,613 1,120,931
Securities out, U.S.
Treasury
25 Overnight and
continuing 646,310 621,782 609,219
26 Term 653,341 704,869 738,073
Federal agency and
government-sponsored
enterprises
27 Overnight and
continuing 275,200 298,578 281,035
28 Term 175,608 164,972 178,341
Mortgage backed
securities
19 Overnight and
continuing 318,715 312,190 344,936
30 Term 152,363 152,014 153,907
Corporate securities
31 Overnight and
continuing 142,979 139,104 146,876
32 Term 22,155 22,502 22,622
MEMO
Repurchase agreements
33 Overnight and
continuing 1,181,620 1,182,304 1,186,084
34 Term 951,615 998,909 1,044,691
Item, by type of security 2003, week ending
Apr. 23 Apr. 30 May 7
Net outright positions (2)
1 US. Treasury bills 14,430 8,728 11,484
Treasury coupon
securities by
maturity
2 Three years or less -18,824 -11,657 -7,464
3 More than three
years but less
than or equal to
six years -45,140 53,532 -45,717
4 More than six bar
less than or equal
to eleven years -12,093 -16,629 -15,158
5 More than eleven 3,992 4,960 3,931
6 Inflation-indexed 1,756 1,131 801
Federal agency and
government-
sponsored
enterprises
7 Discount notes 57,218 52,029 61,273
Coupon securities,
by maturity
8 Three years or less 20,129 19,707 20,045
9 More than three
years but less
than or equal to
six years 3,305 4,786 4,363
10 More than six but
less than equal to
eleven years 3,090 4,527 2,698
11 More than eleven 2,335 2,335 2,115
12 Mortgage-backed 37,859 59,860 36,798
Corporate securities
13 One year or less 30,292 28,663 26,298
14 More than one year 44,341 56,222 59,734
Financing (3)
Securities in, U.S.
Treasury
15 Overnight and
continuing 673,494 650,467 659,335
16 Term 801,467 833,145 853,703
Federal agency and
government-sponsored
enterprises
17 Overnight and
continuing 150,786 146,328 147,218
18 Term 231,370 230,043 245,895
Mortgage-backed
securities
19 Overnight and
continuing 44,676 35,912 50,146
20 Term 244,090 245,827 243,138
Corporate securities
21 Overnight and
continuing 67,275 66,112 65,481
22 Term 25,834 27,094 27,003
MEMO
Reverse repurchase
agreements
23 Overnight and
continuing 472,923 473,825 443,299
24 Term 1,138,122 1,136,101 1,202,046
Securities out, U.S.
Treasury
25 Overnight and
continuing 619,018 628,097 632,456
26 Term 746,060 750,585 791,361
Federal agency and
government-sponsored
enterprises
27 Overnight and
continuing 274,600 277,302 278,820
28 Term 182,232 170,678 185,100
Mortgage backed
securities
19 Overnight and
continuing 365,482 321,032 319,815
30 Term 160,428 144,276 147,211
Corporate securities
31 Overnight and
continuing 142,668 147,458 145,762
32 Term 22,529 23,533 24,436
MEMO
Repurchase agreements
33 Overnight and
continuing 1,171,794 1,171,794 1,176,253
34 Term 1,051,033 1,038,380 1,095,866
Item, by type of security 2003, week ending
May 14 May 21
Net outright positions (2)
1 US. Treasury bills -2,080 9,121
Treasury coupon
securities by
maturity
2 Three years or less -9,227 -13,977
3 More than three
years but less
than or equal to
six years -46,088 -38,952
4 More than six bar
less than or equal
to eleven years -9.276 -7,723
5 More than eleven 2,540 3,386
6 Inflation-indexed -876 -265
Federal agency and
government-
sponsored
enterprises
7 Discount notes 62,664 65,205
Coupon securities,
by maturity
8 Three years or less 21,951 20,462
9 More than three
years but less
than or equal to
six years 5,553 5,007
10 More than six but
less than equal to
eleven years 6,165 4,296
11 More than eleven 2,238 2,437
12 Mortgage-backed 31,002 44,600
Corporate securities
13 One year or less 26,662 26,542
14 More than one year 59,672 58,358
Financing (3)
Securities in, U.S.
Treasury
15 Overnight and
continuing 674,963 733,053
16 Term 904,041 852,721
Federal agency and
government-sponsored
enterprises
17 Overnight and
continuing 156,168 159,250
18 Term 240,647 240,514
Mortgage-backed
securities
19 Overnight and
continuing 41,449 43,397
20 Term 244,968 253,912
Corporate securities
21 Overnight and
continuing 668,311 69,146
22 Term 26,943 26,978
MEMO
Reverse repurchase
agreements
23 Overnight and
continuing 461,384 519,203
24 Term 1,240,502 1,189,810
Securities out, U.S.
Treasury
25 Overnight and
continuing 647,324 712,522
26 Term 830,945 759,014
Federal agency and
government-sponsored
enterprises
27 Overnight and
continuing 308,347 311,901
28 Term 186,157 184,162
Mortgage backed
securities
19 Overnight and
continuing 375,991 370,458
30 Term 157,160 149,444
Corporate securities
31 Overnight and
continuing 146,716 148,460
32 Term 24,722 25,647
MEMO
Repurchase agreements
33 Overnight and
continuing 1,269,699 1,325,129
34 Term 1,143,555 1,061,290
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 al the Federal Reserve Bank of
New York web site (http://www.newyorkled.org/pihome/statistics) under
the Primary Dealer heading.
(1.) Data for positions and financing are obtained from reports
submitted to the Federal Reserve Bunk of New York by the U.S.
government securties 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).
FEDERAL AND FEDERALLY SPONSORED CREDIT AGENCIES Debt Outstanding
Millions of dollars, end of period
Agency 1999 2000 2001
1 Federal and federally
sponsored agencies 1,616,492 1,851,632 2,121,057
2 Federal agencies 26,376 25,666 276
3 Defense
Department (1) 6 6 6
4 Export-Import
Bank (2,3) n.a. n.a. n.a.
5 Federal Housing
Administrations (4) 126 255 26,828
6 Government National
Mortgage
Association
certificates of
participation (5) n.a. n.a. n.a.
7 Postal Service (6) n.a. n.a. n.a.
8 Tennessee Valley
Authority 26,370 25,660 270
9 United Stales
Railway
Association (6) n.a. n.a. n.a.
10 Federally sponsored
agencies (7) 1,590,116 1,825,966 2,120,781
11 Federal Home Loan
Banks 529,005 594,404 623,740
12 Federal Home Loan
Mortgage
Corporation 360,711 426,899 565,071
13 Federal National
Mortgage
Association 547,619 642,700 763,500
14 Farm Credit
Banks (8) 68,883 74,181 76,673
15 Student Loan
Marketing
Association (9) 41,988 45,375 48,350
16 Financing
Corporation (10) 8,170 8,170 8,170
17 Farm Credit
Financial
Assistance
Corporation (11) 1,261 1,261 1,261
18 Resolution Funding
Corporation (12) 29,996 29,996 29,996
MEMO
19 Federal Financing
Bank debt (13) 42,152 40,575 39,096
Lending to federal and
federally sponsored
agencies
20 Export-Import Bank (3) n.a. n.a. n.a.
21 Postal Service (6) n.a. n.a. n.a.
22 Student Loan Marketing
Association n.a. n.a. n.a.
23 Tennessee Valley
Authority n.a. n.a. n.a.
24 United States Railway
Association (6) n.a. n.a. n.a.
Other lending (14)
25 Farmers Home
Administration 6,665 5,275 n.a.
26 Rural Electrification
Administration 14,085 13,126 13,876
27 Other 21,402 22,174 25,220
Agency 2002 2002
Nov. Dec.
1 Federal and federally
sponsored agencies 2,351,039 2,305,945 2,351,039
2 Federal agencies 2 342 2
3 Defense
Department (1) 6 6 6
4 Export-Import
Bank (2,3) n.a. n.a. n.a.
5 Federal Housing
Administrations (4) 26,828 26,863 26,828
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 270 336 270
9 United Stales
Railway
Association (6) n.a. n.a. n.a.
10 Federally sponsored
agencies (7) 2,351,037 2,305,607 2,351,037
11 Federal Home Loan
Banks 674,841 674,847 674,841
12 Federal Home Loan
Mortgage
Corporation 648,894 643,201 648,894
13 Federal National
Mortgage
Association 851,000 811,700 851,000
14 Farm Credit
Banks (8) 85,088 83,884 85,088
15 Student Loan
Marketing
Association (9) 47,900 48,700 47,900
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) 37,017 37,418 37,017
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 14,489 14,209 14,489
27 Other 22,528 23,209 22,528
Agency 2003
Jan. Feb. Mar.
1 Federal and federally
sponsored agencies n.a. n.a. n.a.
2 Federal agencies 26,929 26,408 26,886
3 Defense
Department (1) 6 6 6
4 Export-Import
Bank (2,3) n.a. n.a. n.a.
5 Federal Housing
Administrations (4) 354 152 166
6 Government National
Mortgage
Association
certificates of
participation (5) n.a. n.a. n.a.
7 Postal Service (6) n.a. n.a. n.a.
8 Tennessee Valley
Authority 26,923 26,402 26,880
9 United Stales
Railway
Association (6) n.a. n.a. n.a.
10 Federally sponsored
agencies (7) n.a. n.a. n.a.
11 Federal Home Loan
Banks 672,304 684,495 687,573
12 Federal Home Loan
Mortgage
Corporation n.a. na. n.a.
13 Federal National
Mortgage
Association 860,300 871,000 873,900
14 Farm Credit
Banks (8) 85,206 86,045 86,802
15 Student Loan
Marketing
Association (9) 50,700 50,900 49,100
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) 35,992 35,794 35,780
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 14,489 14,750 14,751
27 Other 21,278 21,044 21,030
(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 he
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
Farmer, Home Administration. the Department of Health, Education, and
Welfare: the Deparment of Housing and Urban Development; the Small
Business Administration: and the Veterans Administration.
(6.) Off-budget.
(7.) Includes outstanding noncotingent 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
FEB, 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 barrowing in October 1987.
(11.) The Farm Credit Financial Assistance Corporation, established in
January 1988 to provide assistance to the Farm Credit System, undertook
its fast borrowing in July 1988.
(12.) The Resolution Funding Corporation, established by the Financial
Institution, 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 FUR 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.
NEW SECURITY ISSUES State and Local Governments
Millions of dollars
Type of issue or issuer,
or use 2000 2001 2002
1 All issues, new and
refunding (1) 180,403 292,003 (r) 364,007 (r)
By type of issue
2 General obligation 64,475 118,554 145,323
3 Revenue 115,928 170,047 214,788
By type of issuer
4 State 19,944 311,099 33,931
5 Special district or
statutory
authority (2) 121,185 197,462 259,070
6 Municipality, county,
or township 39,273 61,040 67,121
7 Issues for new capital 154,257 200,363 (r) 243,286 (r)
By use of proceeds
8 Education 38,665 50,054 57,894
9 Transportation 19,730 21,411 22,093
10 Utilities and
conservation 11,917 21,917 33,414
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 7,122 6,607 7,227
13 Other purposes 47,309 55,733 73,033
Type of issue or issuer, 2002
or use Oct. Nov. Dec.
1 All issues, new and
refunding (1) 44,575 (r) 37,150 27,417 (r)
By type of issue
2 General obligation 18,595 11,023 8,431
3 Revenue 24,074 24,942 18,961
By type of issuer
4 State 4,199 2,109 1,670
5 Special district or
statutory
authority (2) 31,793 28,296 20,151
6 Municipality, county,
or township 6,678 5,570 5,570
7 Issues for new capital 30,140 (r) 26,505 (r) 19,754 (r)
By use of proceeds
8 Education 5,209 3,743 5,292
9 Transportation 1,476 1,250 1,060
10 Utilities and
conservation 6,922 8,379 2,031
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 1,225 821 796
13 Other purposes 6,996 7,189 4,992
Type of issue or issuer, 2003
or use Jan. Feb. (r) Mar. (r)
1 All issues, new and
refunding (1) 26,987 (r) 30,036 27,880
By type of issue
2 General obligation 8,112 12,732 10,056
3 Revenue 17,149 17,304 17,824
By type of issuer
4 State 1,927 3,654 1,277
5 Special district or
statutory
authority (2) 17,979 20,733 19,622
6 Municipality, county,
or township 5,290 5,649 6,981
7 Issues for new capital 18,840 (r) 20,242 15,926
By use of proceeds
8 Education 4,823 7,035 5,284
9 Transportation 1,417 1,625 1,233
10 Utilities and
conservation 2,196 176 594
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 422 1,084 1,707
13 Other purposes 7,400 7,178 3,678
Type of issue or issuer, 2003
or use Apr. (r) May
1 All issues, new and
refunding (1) 34,731 33,600
By type of issue
2 General obligation 14,770 11,856
3 Revenue 19,961 21,744
By type of issuer
4 State 5,521 2,816
5 Special district or
statutory
authority (2) 23,828 21,566
6 Municipality, county,
or township 5,381 9,218
7 Issues for new capital 24,642 19,922
By use of proceeds
8 Education 7,580 6,022
9 Transportation 3,479 1,769
10 Utilities and
conservation 587 1,129
11 Social welfare n.a. n.a.
12 Industrial aid 1,816 3,059
13 Other purposes 8,564 5,555
(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.
NEW SECURITY ISSUES U.S. Corporations
Millions of dollars
Type of issue, offering, 2000 2001 2002
or issuer Sept.
1 All issues (1) 942,198 1,382,003 1,262,606 118,947
2 Bonds (2) 807,281 1,253,449 1,152,171 111,652
By type of offering
3 Sold in the United
States 684,484 1,197,006 1,065,925 107,219
4 Sold abroad 122,798 56,389 86,246 4,432
MEMO
5 Private placements,
domestic 18,370 16,385 16,224 65
By industry group
6 Nonfinancial 242,207 445,930 267,183 17,121
7 Financial 565,074 807,519 884,988 94,531
8 Stacks (3) 311,941 230,632 170,673 7,295
By type of offering
9 Public 134,917 128,554 110,435 7,295
10 Private placement (4) 177,024 102,078 60,238 n.a.
By industry group
11 Nonfinancial 118,369 77,577 62,115 2,754
12 Financial 16,548 50,977 48,320 4,541
Type of issue, offering, 2002 2003
or issuer Oct. Nov. Dec. Jan.
1 All issues (1) 82,726 105,754 107,916 109,628
2 Bonds (2) 74,893 95,821 101,038 102,501
By type of offering
3 Sold in the United
States 70,696 90,207 95,187 96,275
4 Sold abroad 4,197 5,614 5,851 6,226
MEMO
5 Private placements,
domestic 0 3,525 5,160 4,700
By industry group
6 Nonfinancial 14,560 20,500 19,614 27,119
7 Financial 60,333 75,321 81,424 75,382
8 Stacks (3) 7,833 9,933 6,878 7,127
By type of offering
9 Public 7,833 9,933 6,878 7,127
10 Private placement (4) n.a. n.a. n.a. n.a.
By industry group
11 Nonfinancial 3,731 4,533 4,154 3,793
12 Financial 4,102 5,400 2,724 3,334
Type of issue, offering, 2003
or issuer Feb. Mar. Apr.
1 All issues (1) 113,772 136,530 114,220
2 Bonds (2) 106,633 131,637 105,858
By type of offering
3 Sold in the United
States 97,383 125,025 103,273
4 Sold abroad 9,250 5,613 2,585
MEMO
5 Private placements,
domestic 0 0 0
By industry group
6 Nonfinancial 26,222 25,865 21,940
7 Financial 80,411 104,773 83,918
8 Stacks (3) 7,139 5,893 8,362
By type of offering
9 Public 7,139 5,893 9,362
10 Private placement (4) n.a. n.a. n.a.
By industry group
11 Nonfinancial 2,679 1,053 1,592
12 Financial 4,460 4,840 6.770
(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. Yankee bonds, and private
placements listed. 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 nor available at a monthly
frequency.
SOURCE. Securities Data Company and the Board of Governors of the
Federal Reserve System.
OPEN-END INVESTMENT COMPANIES Net Sales and Assets (1)
Millions of dollars
Item 2001 2002 (r) 2002
Oct.
1 Sales of own shares (2) 1,806,474 1,825,890 164,959
2 Redemptions of own
shares 1,677,266 1,702,657 167,039
3 Net sales (3) 129,208 123,233 -2,080
4 Assets (4) 4,689,624 4,119,322 4,059,765
5 Cash (5) 219,620 208,479 204,019
6 Other 4,470,004 3,910,843 3,855,746
Item 2002
Nov. Dec. Jan.
1 Sales of own shares (2) 137,914 134,383 152,647
2 Redemptions of own
shares 122,125 135,213 138,951
3 Net sales (3) 15,789 -830 13,696
4 Assets (4) 4,249,351 4,119,322 4,060,568
5 Cash (5) 219,213 208,479 212,792
6 Other 4,030,139 3,910,843 3,847,776
Item 2003
Feb. Mar. Apr. (r)
1 Sales of own shares (2) 122,321 140,643 101,465
2 Redemptions of own
shares 113,643 129,337 112,109
3 Net sales (3) 8,678 11,306 29,356
4 Assets (4) 4,031,818 4,059,934 4,327,560
5 Cash (5) 199,546 214,146 230,032
6 Other 3,832,272 3,845,788 4,097,528
Item 2003
May
1 Sales of own shares (2) 143,217
2 Redemptions of own
shares 119,065
3 Net sales (3) 24,152
4 Assets (4) 4,563,228
5 Cash (5) 234,039
6 Other 4,329,189
(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.
DOMESTIC FINANCE COMPANIES Assets and Liabilities (1)
Billions of dollars, end of period; not seasonally adjusted
Account 2000 2001 2002 2001
Q3
ASSETS
1 Accounts receivable,
gross (2) 958.7 948.3 945.4 967.8
2 Consumer 328.0 340.1 315.6 329.3
3 Business 458.4 447.0 455.3 451.1
4 Real estate 172.3 161.3 174.5 187.4
5 Less: Reserves for
unearned
income 69.7 60.6 57.0 60.8
Reserves for
losses 16.7 21.0 23.8 18.0
7 Accounts receivable,
net 872.3 866.7 864.5 889.0
8 All other 461.5 523.4 584.7 478.7
9 Total assets 1,333.7 1,390.1 1,449.3 1,367.7
LIABILITIES AND
CAPITAL
10 Bank loans 35.9 50.8 48.0 44.5
11 Commercial paper 238.8 158.6 141.5 171.11
Debt
12 Owed to parent 102.5 99.2 88.2 91.7
13 Not elsewhere
classified 502.2 567.4 624.9 555.8
14 All other liabilities 301.8 325.5 339.0 327.6
15 Capital, surplus, and
undivided profits 152.5 188.6 207.6 177.2
16 Total liabilities and
capital 1,331.7 1,390.1 1,449.3 1,367.7
Account 2001 2002
Q4 Q1 Q2 Q3
ASSETS
1 Accounts receivable,
gross (2) 948.3 930.0 941.9 945.6
2 Consumer 340.1 329.8 332.0 334.5
3 Business 447.0 443.0 449.4 445.5
4 Real estate 161.3 157.2 160.5 165.5
5 Less: Reserves for
unearned
income 60.6 59.5 58.5 58.0
Reserves for
losses 21.0 21.5 21.6 22.0
7 Accounts receivable,
net 866.7 849.0 861.9 865.6
8 All other 523.4 515.2 530.6 558.0
9 Total assets 1,390.1 1,364.2 1,392.5 1,423.6
LIABILITIES AND
CAPITAL
10 Bank loans 50.8 49.4 56.9 74.9
11 Commercial paper 158.6 137.0 130.8 143.1
Debt
12 Owed to parent 99.2 82.6 83.3 82.9
13 Not elsewhere
classified 567.4 574.4 597.2 584.9
14 All other liabilities 325.5 329.1 331.5 343.4
15 Capital, surplus, and
undivided profits 188.6 191.7 192.9 194.5
16 Total liabilities and
capital 1,390.1 1,364.2 1,392.5 1,423.6
Account 2002 2003
Q4 QI
ASSETS
1 Accounts receivable,
gross (2) 945.4 934.8
2 Consumer 315.6 307.0
3 Business 455.3 453.9
4 Real estate 174.5 174.0
5 Less: Reserves for
unearned
income 57.0 54.2
Reserves for
losses 23.8 24.0
7 Accounts receivable,
net 864.5 856.7
8 All other 584.7 610.9
9 Total assets 1,449.3 1,467.6
LIABILITIES AND
CAPITAL
10 Bank loans 48.0 47.3
11 Commercial paper 141.5 127.3
Debt
12 Owed to parent 88.2 87.7
13 Not elsewhere
classified 624.9 639.1
14 All other liabilities 339.0 344.4
15 Capital, surplus, and
undivided profits 207.6 221.8
16 Total liabilities and
capital 1,449.3 1,467.6
(1.) Includes finance company subsidiaries of bank holding companies
but not of retailers and banks. Data are amounts carried on the balance
sheets of finance companies; securitized pools are not shown, as they
are not on the books.
(2.) Before deduction for unearned income and losses. Excludes pools of
securitized assets.
DOMESTIC FINANCE COMPANIES Owned and Managed Receivables (1)
Billions of dollars, amounts outstanding
Type of credit 2000 2001 2002
Seasonally adjusted
1 Total 1,185.6 1,246.6 1,270.2
2 Consumer 464.4 513.3 513.1
3 Real estate 198.9 207.7 216.5
4 Business 522.3 525.6 540.6
Not seasonally adjusted
5 Total 1,192.2 1,253.7 1,277.6
6 Consumer 468.3 518.1 518.4
7 Motor vehicle
loans 141.6 173.9 160.2
8 Motor vehicle
leases 108.2 103.5 83.3
9 Revolving (2) 37.6 31.5 38.9
10 Other (3) 40.7 31.1 33.1
Securitised
assets (4)
11 Motor vehicle
loans 97.1 131.9 151.9
12 Motor vehicle
leases 6.6 6.8 5.7
13 Revolving 19.6 25.0 31.1
14 Other 17.1 14.3 14.0
15 Real estate 198.9 207.7 216.5
16 One- to faur-
family 130.6 120.1 135.0
17 Other 41.7 41.2 39.5
Securitized real
estate
assets (4)
18 One-to four-
family 24.7 40.7 39.7
19 Other 1.9 5.7 2.2
20 Business 525.0 527.9 542.7
21 Motor vehicles 75.5 54.0 60.7
22 Retail loans 18.3 16.1 15.4
23 Wholesale
loans (5) 39.7 20.3 29.3
24 Leases 17.6 17.6 16.0
25 Equipment 283.5 289.4 292.1
26 Loans 70.2 77.8 83.3
27 Lease 213.3 211.6 208.8
28 Other business
receivables (6) 99.4 103.5 102.5
Securitized
assets (4)
29 Motor vehicles 37.8 50.1 50.2
30 Retail loans 3.2 5.1 2.4
31 Wholesale
loans 32.5 42.5 45.9
32 Leases 2.2 2.5 1.9
33 Equipment 23.1 23.2 20.2
34 Loans 15.5 16.4 13.0
35 Leases 7.6 6.8 7.2
36 Other business
receivables (6) 5.6 7.7 17.1
Type of credit 2002 2003
Nov. Dec. Jan.
Seasonally adjusted
1 Total 1,270.2 1,270.2 1,274.1
2 Consumer 513.7 513.1 517.3
3 Real estate 214.2 216.5 215.6
4 Business 542.3 540.6 541.5
Not seasonally adjusted
5 Total 1,267.9 1,277.6 1,276.7
6 Consumer 517.6 518.4 518.5
7 Motor vehicle
loans 159.8 160.2 160.2
8 Motor vehicle
leases 85.2 83.3 81.9
9 Revolving (2) 37.0 38.9 38.7
10 Other (3) 31.4 33.1 33.1
Securitised
assets (4)
11 Motor vehicle
loans 153.9 151.9 154.3
12 Motor vehicle
leases 5.8 5.7 5.7
13 Revolving 30.2 31.1 30.4
14 Other 14.2 14.0 14.2
15 Real estate 214.2 216.5 215.4
16 One- to faur-
family 132.8 135.0 134.1
17 Other 39.3 39.5 39.6
Securitized real
estate
assets (4)
18 One-to four-
family 39.9 39.7 39.4
19 Other 2.2 2.2 2.2
20 Business 536.1 542.7 542.8
21 Motor vehicles 58.2 611.7 58.6
22 Retail loans 15.7 15.4 15.1
23 Wholesale
loans (5) 26.7 29.3 27.5
24 Leases 15.8 16.0 15.9
25 Equipment 288.4 292.1 292.0
26 Loans 82.2 83.3 80.1
27 Lease 206.2 208.8 211.8
28 Other business
receivables (6) 95.7 102.5 104.7
Securitized
assets (4)
29 Motor vehicles 50.4 50.2 50.3
30 Retail loans 2.5 2.4 2.4
31 Wholesale
loans 45.6 45.9 46.1
32 Leases 2.3 1.9 1.8
33 Equipment 24.3 20.2 20.1
34 Loans 17.6 13.0 12.9
35 Leases 6.7 7.2 7.2
36 Other business
receivables (6) 19.2 17.1 17.1
Type of credit 2003
Feb. Mar. Apr.
Seasonally adjusted
1 Total 1,267.3 1,274.4 1,280.0
2 Consumer 510.6 513.6 515.2
3 Real estate 215.6 215.4 220.2
4 Business 541.2 545.4 544.5
Not seasonally adjusted
5 Total 1,267.6 1,277.7 1,283.2
6 Consumer 510.8 510.2 511.6
7 Motor vehicle
loans 162.3 156.0 160.6
8 Motor vehicle
leases 80.3 81.8 81.2
9 Revolving (2) 37.3 36.4 37.4
10 Other (3) 32.6 32.9 33.0
Securitised
assets (4)
11 Motor vehicle
loans 148.7 152.1 149.7
12 Motor vehicle
leases 5.6 6.2 6.1
13 Revolving 30.1 30.7 30.6
14 Other 13.8 13.9 13.0
15 Real estate 215.6 215.4 220.2
16 One- to faur-
family 134.3 133.9 138.8
17 Other 39.9 40.1 40.3
Securitized real
estate
assets (4)
18 One-to four-
family 39.1 39.2 38.9
19 Other 2.2 2.2 2.2
20 Business 541.3 552.1 551.4
21 Motor vehicles 60.3 65.3 64.1
22 Retail loans 14.8 16.3 16.8
23 Wholesale
loans (5) 30.5 34.0 34.5
24 Leases 15.0 15.0 12.8
25 Equipment 288.9 287.5 286.9
26 Loans 80.3 78.0 79.4
27 Lease 208.6 209.5 207.5
28 Other business
receivables (6) 104.4 101.1 102.6
Securitized
assets (4)
29 Motor vehicles 50.9 53.1 53.1
30 Retail loans 2.3 2.2 2.2
31 Wholesale
loans 46.8 48.6 48.6
32 Leases 1.8 2.2 2.2
33 Equipment 19.4 21.9 21.4
34 Loans 12.3 12.2 11.8
35 Leases 7.1 9.7 9.6
36 Other business
receivables (6) 17.3 23.3 23.2
NOTE: This table has been revised to incorporate several changes
resulting from the benchmarking of finance company receivable 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 receivable are those carried on the balance sheet of the
institution. Managed receivables are outstanding balance 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.
MORTGAGE MARKETS Mortgages on New Homes
Millions of dollars except as noted
Item 2000 2001 2002 2002
Nov.
Terms and yields in primary and
secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price
(thousands of
dollars) 234.5 245.0 261.1 256.7
2 Amount of loan
(thousands of
dollars) 177.0 184.2 197.0 193.3
3 Loan-to-price ratio
(percent) 77.4 77.3 77.8 77.4
4 Maturity (years) 29.2 28.8 28.9 28.4
5 Fees and charges
(percent of loan
amount) (2) .07 .67 .62 .61
Yield (percent per
year)
6 Contract rate (1) 7.41 6.90 6.35 5.99
7 Effective rate (1,3) 7.52 7.00 6.44 6.08
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) 7.57 6.36 5.81 5.29
Activity in secondary markets
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
Mortgage holdings (end
of period)
11 Total 610,122 707,015 790,800 760,759
12 FHA/VA insured 61,539 n.a. n.a. n.a.
13 Conventional 548,583 n.a. n.a. n.a.
14 Mortgage transactions
purchased (during
period) 154,231 270,384 370,641 47,807
Mortgage commitments
(during period)
15 Issued (7) 163,689 304,084 400,327 53,286
16 To sell (8) 11,786 7,586 12,268 520
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage Holdings (end
of period) (8)
17 Total 385,693 491,719 568,173 549,380
18 FHA/VA insured 3,332 3,506 4,573 4,019
19 Conventional 382,361 488,213 563,600 545,361
Mortgage transactions
(during period)
20 Purchases 174,043 n.a. n.a. n.a.
21 Sales 166,901 389,611 547,600 62,354
22 Mortgage commitments
contracted (during
period) (9) 169,231 417,434 620,981 74,340
Item 2002 2003
Dec. Jan. Feb. Mar.
Terms and yields in primary and
secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price
(thousands of
dollars) 266.9 278.9 235.1 252.9
2 Amount of loan
(thousands of
dollars) 205.1 214.0 179.3 184.2
3 Loan-to-price ratio
(percent) 79.0 79.3 78.0 76.2
4 Maturity (years) 28.7 28.9 28.3 28.2
5 Fees and charges
(percent of loan
amount) (2) 0.64 .79 .37 .40
Yield (percent per
year)
6 Contract rate (1) 5.95 6.00 5.76 5.69
7 Effective rate (1,3) 6.14 6.12 5.82 5.75
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) 5.17 5.18 5.03 4.94
Activity in secondary markets
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
Mortgage holdings (end
of period)
11 Total 790,809 810,609 816,747 815,964
12 FHA/VA insured n.a. n.a.
13 Conventional n.a. n.a. n.a. n.a.
14 Mortgage transactions
purchased (during
period) 67,891 57,281 40,420 34,304
Mortgage commitments
(during period)
15 Issued (7) 30,769 27,814 52,479 42,005
16 To sell (8) 1,555 2,717 1,241 2,457
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage Holdings (end
of period) (8)
17 Total 568,173 568,494 561,534 569,522
18 FHA/VA insured 4,573 4,256 3,796 3,540
19 Conventional 563,600 564,238 557,738 565,982
Mortgage transactions
(during period)
20 Purchases n.a. n.a. n.a. n.a.
21 Sales 73,184 48,169 41,831 59,065
22 Mortgage commitments
contracted (during
period) (9) 91,223 55,057 48,446 69,200
Item 2003
Apr. May
Terms and yields in primary and
secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price
(thousands of
dollars) 266.0 275.3
2 Amount of loan
(thousands of
dollars) 205.0 210.7
3 Loan-to-price ratio
(percent) 78.8 78.7
4 Maturity (years) 29.0 28.8
5 Fees and charges
(percent of loan
amount) (2) .62 .61
Yield (percent per
year)
6 Contract rate (1) 5.83 5.66
7 Effective rate (1,3) 5.92 5.75
8 Contract rate (HUD
series) (4) n.a. n.a.
SECONDARY MARKETS
Yield (percent per
year)
9 FHA mortgages (section
203) (5) n.a. n.a.
10 GNMA securities (6) 4.97 4.55
Activity in secondary markets
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
Mortgage holdings (end
of period)
11 Total 817,894 815,560
12 FHA/VA insured
13 Conventional n.a. n.a.
14 Mortgage transactions
purchased (during
period) 43,028 43,749
Mortgage commitments
(during period)
15 Issued (7) n.a. n.a.
16 To sell (8) n.a. n.a.
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage Holdings (end
of period) (8)
17 Total 568,975 572,801
18 FHA/VA insured n.a. n.a.
19 Conventional n.a. n.a.
Mortgage transactions
(during period)
20 Purchases n.a. n.a.
21 Sales 51,737 66,175
22 Mortgage commitments
contracted (during
period) (9) n.a. n.a.
(1.) Weighted averages based on sample surveys of mortgages originated
by major institutional lender groups for purchase of newly builds
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 Urhan 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 include standby
commitments converted.
(8.) Includes participation loans as well as whole loans.
(9.) Includes conventional and government-underwritten loans. The
Federal Home Loan Mortgage Corporation's mortgage commitments and
mortgage transactions include activity under mortgage securities swap
programs, whereas the corresponding data for the Federal National
Mortgage Association exclude swap activity.
1.54 MORTGAGE DEBT OUTSTANDING (1)
Millions of dollars, end of period
Type of holder and 1999 2000 2001
property
1 All holders 6,318,668 (r) 6,890,112 (r) 7,600,717 (r)
By type of
property
2 One- to four-
family
residences 4,787,225 (r) 5,205,428 (r) 5,738,111 (r)
3 Multifamily
residences 369,982 (r) 405,410 453,569 (r)
4 Nonfarm,
nonresidential 1,058,498 (r) 1,170,417 (r) 1,292,701 (r)
5 Farm 102,964 108,858 116,336
By type of holder
6 Major financial
institutions 2,394,271 2,618,969 2,791,076
7 Commercial
banks (2) 1,495,420 1,660,054 1,789,819
8 One- to four-
family 879,576 965,635 1,023,851
9 Multifamily 67,665 77,803 84,851
10 Nonfarm,
nonresi-
dential 516,333 582,577 645,619
11 Farm 31,846 34,039 35,498
12 Savings
institutions
(3) 668,064 722,974 758,236
13 One- to four-
family 548,222 594,221 620,579
14 Multifamily 59,309 61,258 64,592
15 Nonfarm,
nonresi-
dential 60,063 66,965 72,534
16 Farm 470 529 531
17 Life insurance
companies 230,787 235,941 243,021
18 One-to four-
family 5,934 4,903 4,931
19 Multifamily 32,818 33,681 35,631
20 Nonfarm,
nonresi-
dential 179,148 183,757 188,376
21 Farm 12,987 13,600 14,083
22 Federal and
related
agencies 320,054 344,225 376,999
23 Government
National
Mortgage
Association 7 6 8
24 One- to four-
family 7 6 8
25 Multifamily 0 0 0
26 Farmers Home
Adminis-
tration (4) 73,871 73,323 72,452
27 One- to four-
family 16,506 16,372 15,824
28 Multifamily 11,741 11,733 11,712
29 Nonfarm,
nonresi-
dential 41,355 410,711 40,965
30 Farm 4,268 4,148 3,952
31 Federal Housing
Admin. and
Dept. of
Veterans
Affairs 3,712 3,507 3,290
32 One-to four-
family 1,851 1,308 1,260
33 Multifamily 1,861 2,199 2,031
34 Resolution Trust
Corporation 0 0 0
35 One- to four-
family 0 0 0
36 Multifamily 0 0 0
37 Nonfarm,
nonresi-
dential 0 0 0
38 Farm 0 0 0
39 Federal Deposit
Insurance
Corporation 152 45 13
40 One- to four-
family 25 7 2
41 Multifamily 29 9 3
42 Nonfarm,
nonresi-
dential 98 29 8
43 Farm 0 0 0
44 Federal National
Mortgage
Association 149,422 155,626 169,908
45 One- to four-
family 141,195 144,150 155,060
46 Multifamily 8,227 11,476 14,848
47 Federal Land
Banks 34,187 36,326 40,885
48 One- to four-
family 2,012 2,137 2,406
49 Farm 32,175 34,189 38,479
50 Federal Home
Loan
Mortgage
Corporation 56,676 59,240 62,792
51 One- to four-
family 44,321 42,871 40,309
52 Multifamily 12,355 16,369 22,483
53 Mortgage pools or
trusts (5) 2,949,768 (r) 3,231,228 (r) 3,715,980 (r)
54 Government
National
Mortgage
Association 582,263 611,553 591,368
55 One-to four-
family 565,189 592,624 56,946
56 Multifamily 17,074 18,929 21,908
57 Federal Home
Loan
Mortgage
Corporation 749,081 822,310 948,409
58 One-to four-
family 744,619 816,602 940,933
59 Multifamily 4,462 5,708 7,476
60 Federal National
Mortgage
Association 960,883 1,057,750 1,290,351
61 One- to four-
family 924,941 1,016,398 1,238,125
62 Multifamily 35,942 41,352 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,
nonresi-
dential 0 0 0
67 Farm 0 0 0
68 Private mortgage
conduits 657,541 (r) 739,615 (r) 885,852 (r)
69 One- to four-
family (6) 455,021 499,834 591,200
70 Multifamily 43,192 (r) 49,215 (r) 57,402 (r)
71 Nonfarm,
nonresi-
dential 159,328 190,566 (r) 237,250 (r)
72 Farm 0 0 0
73 Individuals and
others (7) 654,576 (r) 695,691 (r) 716,661 (r)
74 One- to four-
family 456,019 (r) 492,429 (r) 506,669 (r)
75 Multifamily 75,076 (r) 75,457 (r) 78,252 (r)
76 Nonfarm,
nonresi-
dential 102,274 105,453 (r) 107,949 (r)
77 Farm 21,217 22,352 23,792
Type of holder and 2001 2002
property Q4 Q1 Q2
1 All holders 7,600,717 (r) 7,764,707 (r) 7,983,403 (r)
By type of
property
2 One- to four-
family
residences 5,738,111 (r) 5,875,739 (r) 6,049,597 (r)
3 Multifamily
residences 453,569 461,227 (r) 472,710 (r)
4 Nonfarm,
nonresidential 1,292,701 (r) 1,309,610 (r) 1,340,644 (r)
5 Farm 116,336 118,131 120,452 (r)
By type of holder
6 Major financial
institutions 1,791,076 2,788,410 (r) 2,861,012 (r)
7 Commercial
banks (2) 1,789,819 1,799,118 (r) 1,873,362 (r)
8 One- to four-
family 1,023,851 1,017,001 (r) 1,070,513 (r)
9 Multifamily 84,851 86,676 (r) 90,745 (r)
10 Nonfarm,
nonresi-
dential 645,619 659,452 (r) 675,119 (r)
11 Farm 35,498 35,990 (r) 36,985 (r)
12 Savings
institutions
(3) 758,236 745,998 742,732
13 One- to four-
family 620,579 605,171 599,402
14 Multifamily 64,592 65,199 66,009
15 Nonfarm,
nonresi-
dential 72,534 75,077 76,768
16 Farm 531 551 552
17 Life insurance
companies 243,021 243,293 244,918
18 One-to four-
family 4,931 4,938 5,162
19 Multifamily 35,631 35,671 35,818
20 Nonfarm,
nonresi-
dential 188,376 188,599 189,850
21 Farm 14,083 14,085 14,088
22 Federal and
related
agencies 376,999 385,027 396,091
23 Government
National
Mortgage
Association 8 8 8
24 One- to four-
family 8 8 8
25 Multifamily 0 0 0
26 Farmers Home
Adminis-
tration (4) 72,452 72,362 71,970
27 One- to four-
family 15,824 15,665 15,273
28 Multifamily 11,712 11,707 11,692
29 Nonfarm,
nonresi-
dential 40,965 41,134 41,188
30 Farm 3,952 3,855 3,817
31 Federal Housing
Admin. and
Dept. of
Veterans
Affairs 3,290 3,361 3,473
32 One-to four-
family 1,260 1,255 1,254
33 Multifamily 2,031 2,105 2,218
34 Resolution Trust
Corporation 0 0 0
35 One- to four-
family 0 0 0
36 Multifamily 0 0 0
37 Nonfarm,
nonresi-
dential 0 0 0
38 Farm 0 0 0
39 Federal Deposit
Insurance
Corporation 13 7 22
40 One- to four-
family 2 1 4
41 Multifamily 3 1 4
42 Nonfarm,
nonresi-
dential 8 4 14
43 Farm 0 11 0
44 Federal National
Mortgage
Association 169,908 176,051 180,491
45 One- to four-
family 155,060 160,300 164,038
46 Multifamily 14,848 15,751 16,453
47 Federal Land
Banks 40,885 41,981 42,951
48 One- to four-
family 2,406 2,470 2,527
49 Farm 38,479 39,511 40,424
50 Federal Home
Loan
Mortgage
Corporation 62,792 59,624 58,872
51 One- to four-
family 40,309 35,955 34,062
52 Multifamily 22,483 23,669 24,810
53 Mortgage pools or
trusts (5) 3,715,980 (r) 3,869,277 (r) 3,987,579 (r)
54 Government
National
Mortgage
Association 591,368 587,204 583,745
55 One-to four-
family 569,460 564,108 559,549
56 Multifamily 21,908 23,096 24,196
57 Federal Home
Loan
Mortgage
Corporation 948,409 1,012,478 1,053,261
58 One-to four-
family 940,933 1,005,136 1,045,981
59 Multifamily 7,476 7,342 7,280
60 Federal National
Mortgage
Association 1,290,351 1,355,404 1,404,594
61 One- to four-
family 1,238,125 1,301,374 1,349,442
62 Multifamily 52,226 54,030 55,152
63 Farmers Home
Administration
(4) 0 0 0
64 One- to four-
family 0 0 0
65 Multifamily 0 0 0
66 Nonfarm,
nonresi-
dential 0 0 0
67 Farm 0 0 0
68 Private mortgage
conduits 885,852 (r) 914,191 (r) 945,979 (r)
69 One- to four-
family (6) 591,200 616,301 638,300
70 Multifamily 57,402 (r) 57,758 (r) 59,577 (r)
71 Nonfarm,
nonresi-
dential 237,250 (r) 240,134 (r) 248,102 (r)
72 Farm 0 0 0
73 Individuals and
others (7) 716,661 (r) 721,993 (r) 738,721 (r)
74 One- to four-
family 506,669 (r) 514,560 (r) 525,893 (r)
75 Multifamily 78,252 (r) 78,085 (r) 78,639 (r)
76 Nonfarm,
nonresi-
dential 107,949 (r) 105,210 (r) 109,604 (r)
77 Farm 23,792 24,138 24,585 (r)
Type of holder and 2002
property Q3 Q4
1 All holders 8,216,087 (r) 8,485,921
By type of
property
2 One- to four-
family
residences 6,247,731 (r) 6,459,996
3 Multifamily
residences 4,811,353 (r) 498,407
4 Nonfarm,
nonresidential 1,364,389 (r) 1,401,701
5 Farm 123,614 (r) 125,818
By type of holder
6 Major financial
institutions 2,981,490 (r) 3,090,033
7 Commercial
banks (2) 1,962,198 (r) 2,059,267
8 One- to four-
family 1,143,985 (r) 1,222,443
9 Multifamily 90,930 (r) 94,178
10 Nonfarm,
nonresi-
dential 689,481 (r) 704,621
11 Farm 378,112 (r) 38,025
12 Savings
institutions
(3) 773,652 (r) 781,378
13 One- to four-
family 625,402 (r) 631,392
14 Multifamily 68,668 68,679
15 Nonfarm,
nonresi-
dential 79,022 (r) 80,730
16 Farm 560 577
17 Life insurance
companies 245,639 249,387
18 One-to four-
family 5,176 5,255
19 Multifamily 35,921 36,470
20 Nonfarm,
nonresi-
dential 190,398 193,301
21 Farm 14,144 14,361
22 Federal and
related
agencies 412,014 437,641
23 Government
National
Mortgage
Association 8 5
24 One- to four-
family 8 5
25 Multifamily 0 0
26 Farmers Home
Adminis-
tration (4) 720,311 72,377
27 One- to four-
family 15,139 149,118
28 Multifamily 11,686 11,669
29 Nonfarm,
nonresi-
dential 41,439 42,101
30 Farm 3,766 37,181
31 Federal Housing
Admin. and
Dept. of
Veterans
Affairs 2,973 3,854
32 One-to four-
family 1,252 1,262
33 Multifamily 1,721 2,592
34 Resolution Trust
Corporation 0 0
35 One- to four-
family 0 0
36 Multifamily 0 0
37 Nonfarm,
nonresi-
dential 0 0
38 Farm 0 0
39 Federal Deposit
Insurance
Corporation 13 46
40 One- to four-
family 2 7
41 Multifamily 2 9
42 Nonfarm,
nonresi-
dential 8 30
43 Farm 0 0
44 Federal National
Mortgage
Association 184,191 190,648
45 One- to four-
family 167,006 171,637
46 Multifamily 17,185 19,011
47 Federal Land
Banks 44,782 46,257
48 One- to four-
family 2,635 2,722
49 Farm 42,147 43,535
50 Federal Home
Loan
Mortgage
Corporation 60,934 63,887
51 One- to four-
family 34,616 35,851
52 Multifamily 26,318 28,036
53 Mortgage pools or
trusts (5) 067,069 (r) 4,182,1404,
54 Government
National
Mortgage
Association 567,386 (r) 537,880
55 One-to four-
family 542,208 (r) 512,090
56 Multifamily 25,178 25,790
57 Federal Home
Loan
Mortgage
Corporation 058,176 1,082,0621,
58 One-to four-
family 050,899 1,072,9901,
59 Multifamily 7,277 9,072
60 Federal National
Mortgage
Association 458,945 1,538,2871,
61 One- to four-
family 402,929 1,478,6101,
62 Multifamily 56,016 59,677
63 Farmers Home
Administration
(4) 0 0
64 One- to four-
family 0 0
65 Multifamily 0 0
66 Nonfarm,
nonresi-
dential 0 0
67 Farm 0 0
68 Private mortgage
conduits 982,562 (r) 1,023,911
69 One- to four-
family (6) 669,300 691,900
70 Multifamily 60,227 (r) 63,919
71 Nonfarm,
nonresi-
dential 253,036 (r) 268,092
72 Farm 0 0
73 Individuals and
others (7) 755,514 (r) 776,107
74 One- to four-
family 540,187 (r) 558,434
75 Multifamily 79,127 (r) 79,228
76 Nonfarm,
nonresi-
dential 111,105 (r) 112,826
77 Farm 25,194 (r) 25,619
(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 pocds to FmMA 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 securitizcd 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 2000 2001 2002 (r)
credit
Seasonally adjusted
1 Total 1,559,532 1,666,816 1,726,123
2 Revolving 667,395 701,285 712,007
3 Nonrevolving (2) 892,137 965,531 1,014,116
Not seasonally adjusted
4 Total 1,593,116 1,701,856 1,761,971
By major holder
5 Commercial banks 541,470 558,421 587,165
6 Finance companies 219,848 236,559 232,269
7 Credit unions 184,434 189,570 195,744
8 Savings institutions 64,557 69,070 68,494
9 Nonfinancial business 82,662 67,955 56,894
10 Pools of securitized
assets (3) 500,145 580,281 621,405
By major type of
credit (4)
11 Revolving 693,020 727,297 737,998
12 Commercial banks 218,063 224,878 230,990
13 Finance companies 37,627 31,538 38,948
14 Credit unions 22,226 22,265 22,228
15 Savings institutions 16,560 17,767 16,225
16 Nonfinancial
business 42,430 29,790 19,221
17 Pools of securitized
assets (3) 356,114 401,059 410,386
18 Nonrevolving 900,096 974,559 1,023,973
19 Commercial banks 323,407 333,543 356,175
20 Finance companies 182,221 205,021 193,321
21 Credit unions 162,208 167,305 173,516
22 Savings institutions 47,997 51,303 52,269
23 Nonfinancial
business 40,232 38,165 37,673
24 Pools of securitized
assets (3) 144,031 179,222 211,019
Holder and type of 2002 2003
credit Nov. (r) Dec. (r) Jan. (r)
Seasonally adjusted
1 Total 1,724,965 1,726,123 1,741,301
2 Revolving 716,071 712,007 715,063
3 Nonrevolving (2) 1,008,894 1,014,116 1,026,239
Not seasonally adjusted
4 Total 1,735,538 1,761,971 1,756,284
By major holder
5 Commercial banks 580,259 587,165 582,065
6 Finance companies 228,241 232,269 232,099
7 Credit unions 196,807 195,744 195,164
8 Savings institutions 67,397 68,494 68,854
9 Nonfinancial business 49,799 56,894 52,838
10 Pools of securitized
assets (3) 613,035 621,405 625,266
By major type of
credit (4)
11 Revolving 717,363 737,998 726,511
12 Commercial banks 225,931 230,990 230,535
13 Finance companies 37,015 38,948 38,733
14 Credit unions 21,260 22,228 21,645
15 Savings institutions 15,710 16,225 16,141
16 Nonfinancial
business 14,315 19,221 16,547
17 Pools of securitized
assets (3) 403,132 410,386 412,911
18 Nonrevolving 1,018,175 1,023,973 1,029,773
19 Commercial banks 354,327 356,175 361,529
20 Finance companies 191,226 193,321 193,366
21 Credit unions 175,547 173,516 173,519
22 Savings institutions 51,687 52,269 52,713
23 Nonfinancial
business 35,484 37,673 36,291
24 Pools of securitized
assets (3) 209,903 211,019 212,355
Holder and type of 2003
credit Feb. (r) Mar. (r) Apr.
Seasonally adjusted
1 Total 1,743,890 1,745,039 1,752,755
2 Revolving 718,554 721,168 722,569
3 Nonrevolving (2) 1,025,336 1,023,872 1,030,185
Not seasonally adjusted
4 Total 1,742,884 1,734,777 1,741,308
By major holder
5 Commercial banks 581,490 575,259 576,202
6 Finance companies 232,291 225,245 230,997
7 Credit unions 194,438 193,082 194,777
8 Savings institutions 69,178 69,537 69,911
9 Nonfinancial business 49,563 48,477 47,705
10 Pools of securitized
assets (3) 615,923 623,177 621,716
By major type of
credit (4)
11 Revolving 718,774 714,033 718,769
12 Commercial banks 218,821 212,418 212,828
13 Finance companies 37,348 36,350 37,436
14 Credit unions 21,161 20,830 20,988
15 Savings institutions 16,064 15,979 16,144
16 Nonfinancial
business 14,203 13,666 13,112
17 Pools of securitized
assets (3) 411,177 414,790 418,262
18 Nonrevolving 1,024,110 1,020,744 1,022,539
19 Commercial banks 362,669 362,841 363,374
20 Finance companies 194,944 188,895 193,561
21 Credit unions 174,277 172,252 173,789
22 Savings institutions 53,114 53,558 53,767
23 Nonfinancial
business 35,360 34,811 34,593
24 Pools of securitized
assets (3) 204,746 208,387 203,454
(1.) The Board's series on amounts of credit coven 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
Item 2000 2001 2002 2002
Oct. Nov.
INTEREST RATES
Commercial banks (2)
1 48-month new car 9.34 8.50 6.71 n.a. 5.67
2 24-month personal 13.90 13.22 11.59 n.a. 10.78
Credit card plan
3 All accounts 15.71 14.89 13.42 n.a. 13.13
4 Accounts assessed
interest 14.91 14.44 13.09 n.a. 12.78
Auto finance companies
5 New car 6.61 5.65 4.29 2.62 3.41
6 Used car 13.55 12.18 10.74 10.59 10.70
OTHER TERMS (3)
Maturity (months)
7 New car 54.9 55.1 56.8 57.4 57.2
8 Used car 57.0 57.5 57.5 57.4 56.9
Loan-to-value ratio
9 New car 92 91 94 96 95
10 Used car 99 100 100 101 100
Amount financed
(dollars)
11 New car 20,923 22,822 24,747 26,099 26,104
12 Used car 14,058 14,416 14,532 10,702 14,610
Item 2002 2003
Dec. Jan. Feb. Mar. Apr.
INTEREST RATES
Commercial banks (2)
1 48-month new car n.a. n.a. 7.11 n.a. n.a.
2 24-month personal n.a. n.a. 11.62 n.a. n.a.
Credit card plan
3 All accounts n.a. n.a. 13.20 n.a. n.a.
4 Accounts assessed
interest n.a. n.a. 12.85 n.a. n.a.
Auto finance companies
5 New car 3.5 3.13 3.99 3.83 2.51
6 Used car 10.48 10.37 10.43 10.16 9.91
OTHER TERMS (3)
Maturity (months)
7 New car 57.5 58.5 59.2 59.5 60.1
8 Used car 56.7 57.5 57.7 57.8 57.7
Loan-to-value ratio
9 New car 96 96 97 96 97
10 Used car 100 100 99 99 99
Amount financed
(dollars)
11 New car 26,647 26,443 24,864 25,152 27,540
12 Used car 14,639 14,499 14,231 14,253 14,475
(1.) The Board's series on amounts of credit covers most short- and
intermediate-tern, credit extended to individuals. Data in this table
also appear in the Board's G.19 (421) monthly statistical release. For
ordering address, see inside front cover.
(2.) Data are available for only the second month of each quarter.
(3.) At auto finance companies.
1.57 FUNDS RAISED IN U.S. CREDIT MARKETS (1)
Billions of dollars; quarterly data at seasonally adjusted annual rates
Transaction category 1997 1998 1999 2000
or sector
Nonfinancial sectors
1 Total net borrowing by
domestic
nonfinancial sectors 789.9 1,044.6 1,031.4 848.4
By sector and
instrument
2 Federal government 23.1 -52.6 -71.2 -295.9
3 Treasury securities 23.2 -54.6 -71.0 -294.9
4 Budget agency
securities and
mortgages -.1 2.0 -.2 -1.0
5 Nonfederal 766.8 1.097.2 1,102.6 1,144.3
By instrument
6 Commercial paper 13.7 24.4 37.4 48.1
7 Municipal securities
and loans 56.9 84.2 54.4 23.6
8 Corporate bonds 150.5 235.2 217.8 161.3
9 Bank loans n.e.c. 106.4 109.8 82.9 101.8
10 Other loans and
advances 59.5 82.1 46.0 95.0
11 Mortgages 322.3 486.6 564.6 567.5
12 Home 258.3 384.6 424.4 418.2
13 Multifamily
residential 7.3 2.3 35.7 33.9
14 Commercial 53.5 72.2 98.8 108.9
15 Farm 3.1 6.5 5.8 6.5
16 Consumer credit 57.5 75.0 99.5 147.0
By borrowing sector
17 Household 332.7 452.6 497.9 553.9
18 Nonfinancial
business 392.5 576.9 566.2 574.9
19 Corporate 291.6 409.2 378.4 380.0
20 Nonfarm
noncorporate 94.7 159.7 182.4 184.1
21 Farm 6.2 8.0 5.5 10.9
22 State and local
government 41.5 67.7 38.5 15.5
23 Foreign net borrowing
in United States 71.8 43.2 25.2 65.7
24 Commercial paper 3.7 7.8 16.3 31.7
25 Bonds 61.4 34.9 14.1 23.9
26 Bank loans n.e.c. 8.5 6.6 0.5 11.4
27 Other loans and
advances -1.8 -6.0 -5.7 -1.3
28 Total domestic plus
foreign 861.7 1,087.8 1,056.6 914.1
Financial sectors
29 Total net borrowing by
financial sectors 662.2 1,085.6 1,073.1 808.9
By instrument
30 Federal government-
related 212.9 470.9 592.0 433.5
31 Government-sponsored
enterprise
securities 98.4 278.3 318.2 234.1
32 Mortgage pool
securities 114.6 192.6 273.8 199.4
33 Loans from U.S.
government .0 .0 .0 .0
34 Private 449.3 614.7 481.2 375.4
35 Open market paper 166.7 161.0 176.2 127.7
36 Corporate bonds 218.9 310.2 207.1 199.3
37 Bank loans n.e.c. 13.3 28.5 -14.4 -0.4
38 Other loans and
advances 35.6 90.2 107.1 42.5
39 Mortgages 14.9 24.8 5.1 6.2
By borrowing sector
40 Commercial banking 46.1 72.9 67.2 60.0
41 Savings institutions 19.7 52.2 48.0 27.3
42 Credit unions .1 .6 2.2 .0
43 Life insurance
companies .2 .7 .7 -.7
44 Government-sponsored
enterprises 98.4 278.3 318.2 234.1
45 Federally relater
mortgage pools 114.6 192.6 273.8 199.4
46 Issuers of asset-
backed securities
(ABSs) 202.2 321.4 212.3 189.7
47 Finance companies 57.8 57.1 71.3 81.2
48 Mortgage companies -4.6 .0 .0 .0
49 Real estate investment
trusts (REITs) 39.6 62.7 6.3 2.7
50 Brokers and dealers 8.1 7.2 -17.2 15.6
51 Funding corporations 79.9 40.0 91.5 -.4
All sectors
52 Total net borrowing,
all sectors 1,523.9 2,173.4 2,129.7 1,722.9
53 Open market paper 184.1 193.1 229.9 207.6
54 U.S. government
securities 236.0 418.3 520.7 137.6
55 Municipal securities 56.9 84.2 54.4 23.6
56 Corporate and foreign
bonds 430.8 580.2 439.1 384.4
57 Bank loans n.e.c. 128.2 145.0 69.0 112.8
58 Other loans and
advances 93.2 166.3 147.4 136.2
59 Mortgages 337.2 511.4 569.7 573.7
60 Consumer credit 57.5 75.0 99.5 147.0
Funds raised through mutual funds
and corporate equities
61 Total net issues 218.7 166.0 191.5 235.3
62 Corporate equities -46.5 -113.5 .2 .3
63 Nonfinancial
corporations -77.4 -215.5 -110.4 -118.2
64 Foreign shares
purchased by U.S.
residents 57.6 101.3 114.3 103.6
65 Financial
corporations -26.7 .8 -3.7 14.9
66 Mutual fund shares 265.1 279.5 191.2 235.0
Transaction category 2001 2001 2002
or sector Q3 Q4 Q1
Nonfinancial sectors
1 Total net borrowing by
domestic
nonfinancial sectors 1,134.6 1,298.4 1,187.6 973.1
By sector and
instrument
2 Federal government -5.6 219.3 43.4 39.8
3 Treasury securities -5.0 209.7 44.2 41.6
4 Budget agency
securities and
mortgages -.5 -.4 -.7 -1.8
5 Nonfederal 1,140.2 1,089.0 1,144.1 933.3
By instrument
6 Commercial paper -88.3 -66.1 45.5 -144.4
7 Municipal securities
and loans 122.8 83.1 174.6 76.6
8 Corporate bonds 340.5 191.4 325.0 253.6
9 Bank loans n.e.c. -82.0 -23.5 -165.5 -16.4
10 Other loans and
advances 29.3 59.4 -107.3 -19.2
11 Mortgages 709.2 774.0 737.3 700.0
12 Home 532.7 561.5 533.1 602.4
13 Multifamily
residential 47.9 56.4 56.4 29.1
14 Commercial 121.1 149.1 141.0 61.6
15 Farm 7.5 7.0 6.8 6.9
16 Consumer credit 108.7 70.6 134.5 83.0
By borrowing sector
17 Household 613.7 663.7 608.9 706.9
18 Nonfinancial
business 420.8 355.6 393.1 157.8
19 Corporate 256.5 197.3 243.7 42.2
20 Nonfarm
noncorporate 156.8 153.8 141.1 110.3
21 Farm 7.5 4.4 8.3 5.3
22 State and local
government 105.7 69.7 142.1 68.7
23 Foreign net borrowing
in United States -37.4 -106.7 16.0 78.8
24 Commercial paper -14.2 -25.2 5.9 66.8
25 Bonds -12.1 -83.9 29.7 -2.3
26 Bank loans n.e.c. -7.3 4.2 -16.3 13.9
27 Other loans and
advances -3.7 -1.8 -3.3 .3
28 Total domestic plus
foreign 1,097.2 1,191.7 1,203.5 1,051.9
Financial sectors
29 Total net borrowing by
financial sectors 958.3 1,112.7 975.9 869.1
By instrument
30 Federal government-
related 629.3 818.4 591.8 691.1
31 Government-sponsored
enterprise
securities 290.8 326.2 306.5 191.3
32 Mortgage pool
securities 338.5 492.2 285.3 499.8
33 Loans from U.S.
government .0 .0 .0 .0
34 Private 329.0 294.3 384.1 178.11
35 Open market paper -61.9 -72.2 -13.6 -178.3
36 Corporate bonds 341.5 308.9 372.7 354.2
37 Bank loans n.e.c. 13.1 .7 17.7 -.6
38 Other loans and
advances 34.9 58.8 8.9 -3.9
39 Mortgages 1.3 -1.9 -1.6 6.6
By borrowing sector
40 Commercial banking 52.9 39.7 44.1 24.3
41 Savings institutions 7.4 39.4 -68.6 -33.1
42 Credit unions 1.5 1.5 4.4 2.4
43 Life insurance
companies .6 3.5 1.4 2.4
44 Government-sponsored
enterprises 290.8 326.2 306.5 191.3
45 Federally relater
mortgage pools 338.5 492.2 285.3 499.8
46 Issuers of asset-
backed securities
(ABSs) 318.0 314.0 431.1 263.7
47 Finance companies -.2 41.8 -25.3 -31.2
48 Mortgage companies .0 .0 .0 .0
49 Real estate investment
trusts (REITs) 2.5 -2.4 7.8 7.4
50 Brokers and dealers 1.4 12.6 -18.9 -15.7
51 Funding corporations -55.2 -155.7 9.1 -42.2
All sectors
52 Total net borrowing,
all sectors 2,055.5 2,304.5 2,179.4 1,921.0
53 Open market paper -161.4 -163.5 37.8 -255.9
54 U.S. government
securities 623.8 1,027.8 635.2 730.9
55 Municipal securities 122.8 83.1 174.6 76.6
56 Corporate and foreign
bonds 669.9 416.4 727.4 605.5
57 Bank loans n.e.c. -76.2 -18.5 -164.0 -3.0
58 Other loans and
advances 60.4 116.5 -101.8 -22.7
59 Mortgages 710.5 772.1 735.7 716.5
60 Consumer credit 108.7 70.6 134.5 83.0
Funds raised through mutual funds
and corporate equities
61 Total net issues 302.7 146.0 397.2 439.3
62 Corporate equities 101.3 -14.4 141.3 52.4
63 Nonfinancial
corporations -47.4 -108.6 -4.2 -9.8
64 Foreign shares
purchased by U.S.
residents 106.8 43.5 74.7 -5.9
65 Financial
corporations 41.9 50.7 70.9 68.1
66 Mutual fund shares 201.4 160.4 255.9 386.9
Transaction category 2002 2003
or sector Q2 Q3 Q4 Q1
Nonfinancial sectors
1 Total net borrowing by
domestic
nonfinancial sectors 1,643.2 1,312.5 1,612.8 1,338.8
By sector and
instrument
2 Federal government 526.0 265.7 198.5 79.9
3 Treasury securities 524.2 264.2 198.1 81.5
4 Budget agency
securities and
mortgages 1.8 1.6 .4 -1.6
5 Nonfederal 1,117.2 1,046.8 1,414.3 1,258.9
By instrument
6 Commercial paper -81.7 -17.4 -13.2 -15.2
7 Municipal securities
and loans 196.2 156.8 238.2 162.2
8 Corporate bonds 191.4 -29.0 114.4 178.6
9 Bank loans n.e.c. -192.1 -124.5 3.3 -54.9
10 Other loans and
advances 77.2 77.6 6.4 -6.6
11 Mortgages 834.9 914.3 1,068.1 919.1
12 Home 658.6 780.4 846.2 783.4
13 Multifamily
residential 44.2 29.0 70.1 37.2
14 Commercial 123.0 91.8 142.9 95.3
15 Farm 9.1 13.2 8.8 3.1
16 Consumer credit 91.3 69.1 -2.9 75.7
By borrowing sector
17 Household 695.9 768.5 900.8 849.2
18 Nonfinancial
business 237.8 134.4 303.7 263.4
19 Corporate 96.6 -8.7 139.8 148.7
20 Nonfarm
noncorporate 132.7 128.8 156.3 113.3
21 Farm 8.5 14.3 7.6 1.3
22 State and local
government 183.5 143.9 209.8 146.3
23 Foreign net borrowing
in United States 13.4 -31.9 12.6 21.3
24 Commercial paper 36.5 3.9 37.3 52.6
25 Bonds -41.0 -73.1 -16.9 -25.6
26 Bank loans n.e.c. 22.0 -11.7 -2.9 -4.0
27 Other loans and
advances -4.1 -1.0 -4.9 -1.8
28 Total domestic plus
foreign 1,656.5 1,280.7 1,625.4 1,360.1
Financial sectors
29 Total net borrowing by
financial sectors 875.5 856.7 1,093.8 1,002.7
By instrument
30 Federal government-
related 487.8 421.8 616.3 452.4
31 Government-sponsored
enterprise
securities 141.7 249.1 321.5 179.7
32 Mortgage pool
securities 346.1 171.6 294.9 272.7
33 Loans from U.S.
government .0 .0 .0 .0
34 Private 387.7 435.9 477.4 550.2
35 Open market paper -109.1 84.3 -77.3 -53.5
36 Corporate bonds 442.0 192.6 675.6 589.2
37 Bank loans n.e.c. 31.2 81.9 -107.9 -42.7
38 Other loans and
advances 16.7 71.9 -17.5 60.7
39 Mortgages 7.0 5.3 4.7 -3.5
By borrowing sector
40 Commercial banking 13.3 62.2 100.2 76.1
41 Savings institutions -12.1 37.1 -46.7 3.4
42 Credit unions 2.0 3.1 0.4 2.8
43 Life insurance
companies 1.2 2.0 2.5 4.4
44 Government-sponsored
enterprises 141.7 249.1 321.5 179.7
45 Federally relater
mortgage pools 346.1 171.6 294.9 272.7
46 Issuers of asset-
backed securities
(ABSs) 241.7 198.5 393.5 326.9
47 Finance companies 80.2 106.4 -4.9 32.5
48 Mortgage companies .0 .0 .0 .0
49 Real estate investment
trusts (REITs) 25.3 27.7 18.6 17.5
50 Brokers and dealers 17.5 15.2 -24.0 38.4
51 Funding corporations 18.5 -16.4 37.8 48.1
All sectors
52 Total net borrowing,
all sectors 2,532.0 2,137.3 2,719.1 2,362.7
53 Open market paper -154.3 70.8 -53.3 -16.1
54 U.S. government
securities 1,013.8 686.5 814.8 532.3
55 Municipal securities 196.2 156.8 238.2 162.2
56 Corporate and foreign
bonds 592.4 140.5 773.0 742.2
57 Bank loans n.e.c. -139.0 -54.4 -107.5 -101.6
58 Other loans and
advances 89.7 148.5 -16.0 52.4
59 Mortgages 841.9 919.5 1,072.8 915.6
60 Consumer credit 91.3 69.1 -2.9 75.7
Funds raised through mutual funds
and corporate equities
61 Total net issues 279.3 -82.5 294.1 250.5
62 Corporate equities 179.3 -119.6 87.2 47.5
63 Nonfinancial
corporations 16.1 -140.3 -27.9 -62.0
64 Foreign shares
purchased by U.S.
residents 79.7 -51.1 51.7 79.9
65 Financial
corporations 83.6 71.8 63.4 29.6
66 Mutual fund shares 100.0 37.1 206.9 203.0
(1.) Data in this table also appear in the Board's Z.I (780) quarterly
statistical release, tables F2 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 1997 1998 1999 2000
category or sector
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 1,523.9 2,173.4 2,129.7 1,722.9
2 Domestic nonfederal
nonfinancial sectors 15.3 259.1 227.0 -102.3
3 Household 25.3 127.3 217.1 -134.2
4 Nonfinancial
corporate business -12.7 -16.0 -15.6 31.4
5 Nonfarm noncorporate
business 2.6 13.3 -2.9 1.3
6 State and local
governments .1 134.5 28.4 -.8
7 Federal government 5.1 13.5 5.8 7.3
8 Rest of the world 259.6 172.5 139.7 225.9
9 Financial sectors 1,243.9 1,728.4 1,757.2 1,592.0
10 Monetary authority 38.3 21.1 25.7 33.7
11 Commercial banking 324.3 305.6 312.2 357.9
12 U.S.-chartered
banks 274.9 312.1 318.6 339.5
13 Foreign banking
offices in
United States 40.2 -11.6 -17.0 23.9
14 Bank holding
companies 5.4 -.9 6.2 -12.2
15 Banks in U.S.-
affiliated areas 3.7 6.0 4.4 6.7
16 Savings institutions -4.7 36.2 67.7 56.2
17 Credit unions 16.8 18.9 27.5 28.0
18 Bank personal trusts
and estates -25.0 -12.8 27.8 .8
19 Life insurance
companies 104.8 76.9 53.5 57.9
20 Other insurance
companies 25.2 5.8 -3.0 -8.7
21 Private pension
funds 47.6 -23.4 17.0 33.4
22 State and local
government
retirement funds 67.1 72.1 46.9 54.6
23 Money market mutual
funds 87.5 244.0 182.0 143.0
24 Mutual funds 80.9 127.3 48.4 21.0
25 Closed-end funds -2.9 5.2 8.5 -6.3
26 Government-sponsored
enterprises 106.3 314.0 291.3 256.4
27 Federally related
mortgage pools 114.6 192.6 273.8 199.4
28 Asset-backed
securities issuers
(ABSs). 163.8 281.7 194.1 159.9
29 Finance companies 23.1 77.3 97.0 108.1
30 Mortgage companies -9.1 .0 .0 .0
31 Real estate
investment trusts
(REITs) 20.2 -5.1 -2.6 -7.1
32 Brokers and dealers 14.9 6.8 -34.7 68.9
33 Funding corporations 50.4 -15.8 124.0 35.0
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through
credit markets 1,523.9 2,173.4 2,129.7 1,722.9
Other financial
sources
35 Official foreign
exchange .7 6.6 -8.7 -.4
36 Special drawing rights
certificates -.5 .0 -3.0 -4.0
37 Treasury currency .5 .6 1.0 2.4
38 Foreign deposits 107.7 6.5 61.0 135.1
39 Net interbank
transactions -19.7 -31.8 15.0 15.1
40 Checkable deposits
and currency 41.2 47.3 151.2 -71.4
41 Smell time and savings
deposits 97.1 152.4 45.1 188.8
42 Large time deposits 122.5 91.8 131.1 116.2
43 Money market fund
shares 155.9 287.2 249.1 233.3
44 Security repurchase
agreements 120.9 91.3 169.8 113.2
45 Corporate equities -46.5 -113.5 .2 .3
46 Mutual fund shares 265.1 279.5 191.2 235.0
47 Trade payables 139.8 106.4 268.6 419.4
48 Security credit 111.0 103.2 104.4 146.1
49 Life Insurance
reserves 59.3 48.0 50.8 50.2
50 Pension fund reserves 201.4 217.4 181.8 209.0
51 Taxes payable 22.3 19.6 30.7 32.8
52 Investment in bank
personal trusts -53.0 -46.1 -8.1 56.6
53 Noncorporate
proprietors' equity -40.7 -57.8 -62.4 -11.5
54 Miscellaneous 456.7 909.8 1,043.4 1,386.3
55 Total financial
sources 3,265.8 4,291.7 4,742.1 4,975.4
Liabilities not
identified as
assets (-)
56 Treasury currency -.2 -.1 -.7 -1.2
57 Foreign deposits 106.2 -8.5 42.6 79.3
58 Net interbank
liabilities -19.9 3.8 .1 20.4
59 Security repurchase
agreements 63.2 57.7 35.7 122.6
60 Taxes payable 28.0 19.7 11.7 26.2
61 Miscellaneous -285.4 -206.1 -279.6 -391.4
Floats not included in
assets (-)
62 Federal government
checkable deposits -2.7 2.6 -7.4 9.0
63 Other checkable
deposits -3.9 -3.1 -.8 1.7
64 Trade credit -25.5 -43.3 6.8 34.3
65 Total identified to
sectors as assets 3,405.9 4,469.0 4,933.7 5,074.6
Transaction 2001 2001 2002
category or sector Q3 Q4 Q1
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 2,055.5 2,304.5 2,179.4 1,921.0
2 Domestic nonfederal
nonfinancial sectors -26.8 67.8 79.1 146.8
3 Household -54.6 12.3 47.2 114.4
4 Nonfinancial
corporate business -12.4 -5.7 -12.5 40.2
5 Nonfarm noncorporate
business 2.0 3.3 2.0 3.3
6 State and local
governments 38.1 57.9 42.4 -1.1
7 Federal government 6.0 3.3 7.0 6.2
8 Rest of the world 320.6 269.2 432.5 171.8
9 Financial sectors 1,755.7 1,964.2 1,660.8 1,596.2
10 Monetary authority 39.9 8.4 85.1 81.6
11 Commercial banking 205.2 267.9 314.6 188.9
12 U.S.-chartered
banks 191.6 242.5 275.0 168.2
13 Foreign banking
offices in
United States -.6 21.1 -7.8 2.1
14 Bank holding
companies 4.2 -1.4 13.6 12.0
15 Banks in U.S.-
affiliated areas 10.0 5.7 33.9 6.6
16 Savings institutions 42.8 -1.7 73.1 12.3
17 Credit unions 41.5 61.1 60.5 58.3
18 Bank personal trusts
and estates -28.1 -28.0 -28.1 1.0
19 Life insurance
companies 130.9 186.9 81.3 260.6
20 Other insurance
companies 9.0 5.1 28.5 36.7
21 Private pension
funds 16.3 29.6 -10.5 52.9
22 State and local
government
retirement funds -17.7 -74.2 -2.7 70.5
23 Money market mutual
funds 246.0 311.8 49.1 -239.1
24 Mutual funds 126.0 102.7 139.3 243.3
25 Closed-end funds 6.9 19.8 16.3 24.4
26 Government-sponsored
enterprises 309.0 274.3 335.3 236.7
27 Federally related
mortgage pools 338.5 492.2 285.3 499.8
28 Asset-backed
securities issuers
(ABSs). 291.9 288.4 407.3 239.5
29 Finance companies -5.7 -43.3 -100.5 -28.2
30 Mortgage companies .0 .0 .0 .0
31 Real estate
investment trusts
(REITs) 6.7 7.8 14.0 26.3
32 Brokers and dealers 92.4 184.5 -110.5 -219.5
33 Funding corporations -95.8 -126.3 23.4 50.1
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through
credit markets 2,055.5 2,304.5 2,179.4 1,921.0
Other financial
sources
35 Official foreign
exchange 4.3 13.7 .2 -3.0
36 Special drawing rights
certificates .0 .0 .0 .0
37 Treasury currency 1.3 2.2 .0 .9
38 Foreign deposits 28.0 41.5 17.9 -59.1
39 Net interbank
transactions -28.0 30.6 24.5 3.3
40 Checkable deposits
and currency 204.3 215.0 278.1 -200.5
41 Smell time and savings
deposits 267.2 230.3 329.7 288.3
42 Large time deposits 68.6 19.5 77.8 270.0
43 Money market fund
shares 428.6 386.1 379.8 -312.5
44 Security repurchase
agreements 22.3 212.7 -138.3 119.4
45 Corporate equities 101.3 -14.4 141.3 52.4
46 Mutual fund shares 201.4 160.4 255.9 386.9
47 Trade payables -73.0 -137.9 -126.7 190.9
48 Security credit 3.1 561.3 -383.7 -190.7
49 Life Insurance
reserves 77.2 74.7 119.6 93.9
50 Pension fund reserves 210.8 176.4 158.0 137.0
51 Taxes payable 17.4 104.9 -55.2 6.0
52 Investment in bank
personal trusts -59.9 -57.3 -57.7 -3.7
53 Noncorporate
proprietors' equity -18.6 -34.3 8.4 1.5
54 Miscellaneous 613.1 705.6 86.5 76.2
55 Total financial
sources 4,124.9 4,995.5 3,295.5 2,778.2
Liabilities not
identified as
assets (-)
56 Treasury currency -.1 .9 .0 -1.5
57 Foreign deposits 8.3 55.3 -38.5 -68.4
58 Net interbank
liabilities 17.2 7.4 22.6 39.8
59 Security repurchase
agreements -53.9 106.3 -166.2 156.9
60 Taxes payable 22.0 25.4 34.6 16.7
61 Miscellaneous 251.1 159.3 -341.4 -277.5
Floats not included in
assets (-)
62 Federal government
checkable deposits 5.7 -20.1 -91.8 15.1
63 Other checkable
deposits 4.5 5.0 5.7 6.1
64 Trade credit -6.5 -23.1 78.2 -52.7
65 Total identified to
sectors as assets 4,378.8 4,679.2 3,792.3 2,943.6
Transaction 2002 2003
category or sector Q2 Q3 Q4 Q1
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 2,532.0 2,137.3 2,719.1 2,362.7
2 Domestic nonfederal
nonfinancial sectors 310.7 -197.5 198.9 -79.5
3 Household 282.9 -241.0 217.6 -81.2
4 Nonfinancial
corporate business -18.0 27.9 -61.5 49.1
5 Nonfarm noncorporate
business 3.3 -2.2 -1.0 -5.2
6 State and local
governments 42.5 17.8 43.8 -42.1
7 Federal government 7.1 7.6 14.2 -.6
8 Rest of the world 542.6 463.5 394.8 462.7
9 Financial sectors 1,671.6 1,863.7 2,111.2 1,980.2
10 Monetary authority 43.4 67.3 118.7 32.3
11 Commercial banking 384.3 624.0 441.6 349.5
12 U.S.-chartered
banks 343.8 599.9 463.3 305.6
13 Foreign banking
offices in
United States 33.7 21.8 -32.8 23.3
14 Bank holding
companies 1.9 -1.6 .2 20.8
15 Banks in U.S.-
affiliated areas 4.9 4.0 10.9 -.2
16 Savings institutions -23.5 80.3 72.5 193.6
17 Credit unions 23.2 44.8 44.4 43.5
18 Bank personal trusts
and estates 0.9 .8 .8 -19.6
19 Life insurance
companies 175.1 267.6 143.4 162.2
20 Other insurance
companies 35.4 21.7 49.1 41.7
21 Private pension
funds 29.2 58.4 9.3 22.0
22 State and local
government
retirement funds -54.5 -10.4 60.7 2.0
23 Money market mutual
funds -88.8 -74.4 301.2 -187.0
24 Mutual funds 41.9 162.7 118.4 233.1
25 Closed-end funds -2.6 -1.7 17.0 7.7
26 Government-sponsored
enterprises 129.0 204.4 256.6 257.4
27 Federally related
mortgage pools 346.1 171.6 294.9 272.7
28 Asset-backed
securities issuers
(ABSs). 219.5 175.9 371.7 303.1
29 Finance companies 39.6 80.0 -22.4 -12.4
30 Mortgage companies .0 .0 .0 .0
31 Real estate
investment trusts
(REITs) 31.8 27.7 6.7 -8.6
32 Brokers and dealers 402.8 -208.6 138.8 12.6
33 Funding corporations -61.1 156.6 -312.0 275.2
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through
credit markets 2,532.0 2,137.3 2,719.1 2,362.7
Other financial
sources
35 Official foreign
exchange 12.9 24.6 4.9 4.9
36 Special drawing rights
certificates .0 .0 .0 .0
37 Treasury currency .6 2.4 .0 .6
38 Foreign deposits 53.3 51.8 55.7 79.2
39 Net interbank
transactions -163.0 58.9 170.0 187.5
40 Checkable deposits
and currency 210.2 208.0 -33.4 272.9
41 Smell time and savings
deposits 215.6 323.4 271.9 260.5
42 Large time deposits 34.8 36.8 -125.5 191.4
43 Money market fund
shares 100.3 -192.6 337.6 -441.4
44 Security repurchase
agreements 362.4 -91.1 29.2 -41.7
45 Corporate equities 179.3 -119.6 87.2 47.5
46 Mutual fund shares 100.3 37.1 206.9 203.0
47 Trade payables 45.0 122.3 135.8 91.9
48 Security credit -131.9 -69.6 44.1 181.5
49 Life Insurance
reserves 92.2 119.7 74.3 85.1
50 Pension fund reserves 151.0 282.5 203.2 229.9
51 Taxes payable 42.8 53.6 15.1 30.8
52 Investment in bank
personal trusts -2.4 -2.1 -1.3 -65.6
53 Noncorporate
proprietors' equity -32.9 -83.9 -46.8 -21.9
54 Miscellaneous 640.6 693.4 33.8 556.1
55 Total financial
sources 4,442.8 3,592.9 4,182.0 4,215.0
Liabilities not
identified as
assets (-)
56 Treasury currency -.9 1.1 -1.1 -.1
57 Foreign deposits 105.6 24.1 31.4 117.1
58 Net interbank
liabilities -9.5 13.2 -15.1 6.2
59 Security repurchase
agreements 220.6 -280.9 -66.9 -106.8
60 Taxes payable -49.9 21.3 -47.7 -41.9
61 Miscellaneous 98.7 93.8 30.4 -476.6
Floats not included in
assets (-)
62 Federal government
checkable deposits 77.1 -40.3 -51.7 153.1
63 Other checkable
deposits 7.1 7.6 8.4 9.0
64 Trade credit -57.3 -20.4 -19.1 -37.4
65 Total identified to
sectors as assets 4,051.5 3,773.3 4,313.3 4,592.4
(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 1998 1999 2000 2001
category or sector
Nonfinancial sectors
1 Total credit market
debt owed by
domestic non-
financial sectors 16,238.9 17,305.0 18,164.5 19,299.7
By sector and
instrument
2 Federal government 3,752.2 3,681.0 3,385.1 3,379.5
3 Treasury securities 3,723.7 3,652.7 3,357.8 3,352.7
4 Budget agency
securities and
mortgages 28.5 28.3 27.3 26.8
5 Nonfederal 12,486.7 13,624.0 14,779.4 15,920.2
By instrument
6 Commercial paper 193.0 230.3 278.4 190.1
7 Municipal securities
and loans 1,402.9 1,457.2 1,480.9 1,603.6
8 Corporate bonds 1,846.0 2,063.9 2,225.1 2,565.6
9 Bank loans n.e.c. 1,150.2 1,233.2 1,335.0 1,253.5
10 Other loans and
advances 907.2 953.5 1,059.6 1,088.8
11 Mortgages 5,610.9 6,239.9 6,807.4 7,516.6
12 Home 4,362.9 4,787.2 5,205.4 5,738.1
13 Multifamily
residential 307.8 343.8 377.6 425.5
14 Commercial 873.6 1,006.5 1,115.5 1,236.6
15 Farm 96.6 102.3 108.9 116.3
16 Consumer credit 1,346.6 1,446.1 1,593.1 1,701.9
By borrowing sector
17 Households 6,009.6 6,507.8 7,072.7 7,686.4
18 Nonfinancial business 5,338.8 5,939.4 6,514.3 6,935.8
19 Corporate 3,791.2 4,204.0 4,583.9 4,841.1
20 Nonfarm noncorporate 1,383.7 1,566.1 1,750.2 1,911.7
21 Farm 163.9 169.4 180.2 187.7
22 State and local
government 1,138.3 1,176.9 1,192.3 1,298.0
23 Foreign credit market
debt held in
United States 651.3 676.7 742.3 704.9
24 Commercial paper 72.9 89.2 120.9 106.7
25 Bonds 462.6 476.7 500.6 488.4
26 Bank loans n.e.c. 58.7 59.2 70.5 63.2
27 Other loans and
advances 57.1 51.6 50.3 46.6
28 Total credit market
debt owed by non-
financial sectors,
domestic and foreign 16,890.2 17,981.7 18,906.9 20,004.6
Financial sectors
29 Total credit market
debt owed by
financial sectors 6,543.6 7,616.8 8,437.6 9,393.2
By instrument
30 Federal government-
related 3,292.9 3,884.0 4,317.4 4,944.1
31 Government-
sponsored
enterprise
securities 1,273.6 1,591.7 1,825.8 2,114.0
32 Mortgage pool
securities 2,018.4 2,292.2 2,491.6 2,830.1
33 Loans from U.S.
government .0 .0 .0 .0
34 Private 3,251.6 3,732.8 4,120.1 4,449.1
35 Open market paper 906.7 1,082.9 1,210.7 1,148.8
36 Corporate bonds 1,878.7 2,085.9 2,297.2 2,638.7
37 Bank loans n.e.c. 105.8 91.5 91.1 104.2
38 Other loans and
advances 288.7 395.8 438.3 473.2
39 Mortgages 71.6 76.7 82.9 84.2
By borrowing sector
40 Commercial banks 188.6 230.0 266.7 296.0
41 Bank holding companies 193.5 219.3 242.9 266.1
42 Savings institutions 212.4 260.4 287.7 295.1
43 Credin unions 1.1 3.4 3.4 4.9
44 Life insurance
companies 2.5 3.2 2.5 3.1
45 Government-sponsored
enterprises 1,271.6 1,591.7 1,825.8 2,114.0
46 Federally related
mortgage pools 2,018.4 2,292.2 2,491.6 2,830.1
47 Issuers of asset-
backed securities
(ABSs) 1,398.0 1,610.3 1,812.0 2,130.0
48 Brokers and dealers 42.5 25.3 40.9 42.3
49 Finance companies 625.5 695.7 776.9 776.7
50 Winner companies 16.0 16.0 16.0 16.0
51 Real estate investment
trusts (REITs) 158.8 165.1 167.8 170.2
52 Funding corporations 412.6 504.0 503.7 448.4
All sectors
53 Total credit market
debt, domestic and
foreign 23,433.8 25,598.4 27,344.4 29,397.8
54 Open market paper 1,172.6 1,402.4 1,610.0 1,415.6
55 U.S. government
securities 7,044.2 7,564.9 7,702.5 8,323.6
56 Municipal securities 1,402.9 1,457.2 1,480.9 1,603.6
57 Corporate and foreign
bonds 4,187.4 4,626.4 5,022.9 5,692.7
58 Bank loans n.e.c 1,314.8 1,383.8 1,496.6 1,421.0
59 Other loans and
advances 1,253.0 1,400.9 1,548.2 1,608.6
60 Mortgages 5,712.5 6,316.6 6,890.3 7,600.8
61 Consumer credit 1,346.6 1,446.1 1,593.1 1,701.9
Transaction 2001 2002
category or sector Q3 Q4 Q1 Q2
Nonfinancial sectors
1 Total credit market
debt owed by
domestic non-
financial sectors 18,922.4 19,299.7 19,541.3 19,857.5
By sector and
instrument
2 Federal government 3,320.0 3,379.5 3,430.3 3,451.4
3 Treasury securities 3,293.0 3,352.7 3,404.0 3,424.6
4 Budget agency
securities and
mortgages 27.0 26.8 26.3 26.8
5 Nonfederal 15,602.4 15,920.2 16,111.0 16,406.1
By instrument
6 Commercial paper 201.3 190.1 167.5 148.4
7 Municipal securities
and loans 1,557.5 1,603.6 1,627.3 1,681.9
8 Corporate bonds 2,484.4 2,565.6 2,629.0 2,676.9
9 Bank loans n.e.c. 1,287.5 1,253.5 1,240.1 1,195.0
10 Other loans and
advances 1,110.1 1,088.8 1,089.6 1,106.0
11 Mortgages 7,332.4 7,516.6 7,680.2 7,896.7
12 Home 5,605.0 5,738.1 5,877.2 6,049.6
13 Multifamily
residential 411.4 425.5 432.8 443.9
14 Commercial 1,201.4 1,236.6 1,252.0 1,282.8
15 Farm 114.6 116.3 118.1 120.4
16 Consumer credit 1,629.3 1,701.9 1,677.2 1,701.3
By borrowing sector
17 Households 7,492.5 7,686.4 7,802.0 7,988.1
18 Nonfinancial business 6,849.8 6,935.8 6,989.1 7,047.6
19 Corporate 4,793.1 4,841.1 4,867.2 4,887.7
20 Nonfarm noncorporate 1,870.8 1,907.0 1.934.7 1,968.0
21 Farm 185.9 187.7 187.1 191.8
22 State and local
government 1,260.0 1,298.0 1,319.9 1,370.5
23 Foreign credit market
debt held in
United States 701.7 704.9 724.5 725.5
24 Commercial paper 106.3 106.7 123.6 130.2
25 Bonds 481.0 488.4 487.9 477.6
26 Bank loans n.e.c. 67.3 63.2 66.7 72.2
27 Other loans and
advances 47.0 46.6 46.4 45.5
28 Total credit market
debt owed by non-
domestic and foreign 19,624.0 20,004.6 20,265.8 20,583.0
Financial sectors
29 Total credit market
debt owed by
financial sectors 9,118.1 9,393.2 9,589.5 9,811.3
By instrument
30 Federal government-
related 4,796.2 4,944.1 5,116.9 5,238.8
31 Government-
sponsored
enterprise
securities 2,037.4 2,114.0 2,161.8 2,197.1
32 Mortgage pool
securities 2,758.8 2,830.1 2,955.1 3,041.6
33 Loans from U.S.
government .0 .0 .0 .0
34 Private 4,321.9 4,449.1 4,472.6 4,564.9
35 Open market paper 1,110.2 1,148.8 1,090.9 1,046.9
36 Corporate bonds 2,562.1 2,638.7 2,731.1 2,849.1
37 Bank loans n.e.c. 97.8 104.2 102.3 110.6
38 Other loans and
advances 467.2 473.2 462.4 470.8
39 Mortgages 84.6 84.2 85.9 87.6
By borrowing sector
40 Commercial banks 281.4 296.0 295.8 310.4
41 Bank holding companies 272.7 266.1 269.0 264.2
42 Savings institutions 305.6 295.1 280.5 275.3
43 Credin unions 3.8 4.9 5.5 6.0
44 Life insurance
companies 2.8 3.1 3.7 4.0
45 Government-sponsored
enterprises 2,037.4 2,114.0 2,161.8 2,197.2
46 Federally related
mortgage pools 2,758.8 2,830.1 2,955.1 3,041.6
47 Issuers of asset-
backed securities
(ABSs) 2,019.5 2,130.0 2,188.1 2,250.0
48 Brokers and dealers 47.1 42.3 38.4 42.8
49 Finance companies 771.2 776.7 760.8 784.9
50 Winner companies 16.0 16.0 16.0 16.0
51 Real estate investment
trusts (REITs) 168.3 170.2 172.1 178.4
52 Funding corporations 433.6 448.4 442.6 432.8
All sectors
53 Total credit market
debt, domestic and
foreign 28,742.1 29,397.8 29,855.3 30,386.8
54 Open market paper 1,417.8 1,445.6 1,382.0 1,325.5
55 U.S. government
securities 8,116.2 9,323.6 8,547.2 8,690.2
56 Municipal securities 1,557.5 1,603.6 1,627.3 1,681.9
57 Corporate and foreign
bonds 5,527.4 5,692.7 5,848.0 6,003.6
58 Bank loans n.e.c 1,452.6 1,421.0 1,409.1 1,377.8
59 Other loans and
advances 1,624.4 1,608.6 1,598.4 1,622.3
60 Mortgages 7,417.0 7,600.8 7,766.1 7,984.3
61 Consumer credit 1,629.3 1,701.9 1,677.2 1,701.3
Transaction 2002 2003
category or sector Q3 Q4 Q1
Nonfinancial sectors
1 Total credit market
debt owed by
domestic non-
financial sectors 20,190.4 20,685.1 21,009.2
By sector and
instrument
2 Federal government 3,540.8 3,637.0 3,700.6
3 Treasury securities 3,513.6 3,609.8 3,673.7
4 Budget agency
securities and
mortgages 27.2 27.3 26.9
5 Nonfederal 16,649.4 17,048.1 17,308.6
By instrument
6 Commercial paper 142.2 126.0 127.1
7 Municipal securities
and loans 1,708.4 1,770.6 1,815.9
8 Corporate bonds 2,669.6 2,698.2 2,742.9
9 Bank loans n.e.c. 1,162.2 1,171.1 1,146.5
10 Other loans and
advances 1.116.9 1,124.3 1,128.0
11 Mortgages 8,128.3 8,395.9 8,613.5
12 Home 6,247.9 6,460.0 6,643.6
13 Multifamily
residential 451.1 468.7 478.0
14 Commercial 1,305.7 1,341.4 1,365.3
15 Farm 123.6 125.8 126.7
16 Consumer credit 1,722.0 1,762.0 1,734.8
By borrowing sector
17 Households 8,185.0 8,454.4 8,603.3
18 Nonfinancial business 7,070.1 7,144.2 7,214.4
19 Corporate 4,876.2 4,908.5 4,951.8
20 Nonfarm noncorporate 1,999.0 2,039.0 2,067.5
21 Farm 194.9 196.6 195.1
22 State and local
government 1,394.5 1,449.5 1,490.9
23 Foreign credit market
debt held in
United States 720.2 723.1 727.8
24 Commercial paper 134.0 142.8 155.7
25 Bonds 471.8 467.6 461.2
26 Bank loans n.e.c. 69.3 68.6 67.6
27 Other loans and
advances 45.0 44.2 43.4
28 Total credit market
debt owed by non-
financial sectors,
domestic and foreign 20,910.6 21,408.3 21,737.0
Financial sectors
29 Total credit market
debt owed by
financial sectors 10,007.8 10,317.0 10,543.9
By instrument
30 Federal government-
related 5,344.0 5,498.1 5,611.2
31 Government-
sponsored
enterprise
securities 2,259.5 2,339.9 2,384.8
32 Mortgage pool
securities 3,084.5 3,158.2 3,226.4
33 Loans from U.S.
government .0 .0 .0
34 Private 4,663.8 4,818.9 4,932.7
35 Open market paper 1,049.5 1,148.4 1,048.4
36 Corporate bonds 2,904.0 3,054.8 3,206.8
37 Bank loans n.e.c. 130.3 105.3 92.9
38 Other loans and
advances 491.2 489.9 495.4
39 Mortgages 88.9 90.1 89.2
By borrowing sector
40 Commercial banks 318.9 325.8 325.0
41 Bank holding companies 271.8 286.4 302.8
42 Savings institutions 286.4 281.4 276.0
43 Credin unions 6.8 6.9 7.6
44 Life insurance
companies 4.5 5.1 6.3
45 Government-sponsored
enterprises 2,259.5 2,339.9 2,384.8
46 Federally related
mortgage pools 3,084.5 3,158.2 3,226.4
47 Issuers of asset-
backed securities
(ABSs) 2,303.0 2,404.3 2,478.1
48 Brokers and dealers 46.6 40.6 50.2
49 Finance companies 802.9 814.4 813.6
50 Winner companies 16.0 16.0 16.0
51 Real estate investment
trusts (REITs) 185.3 190.0 194.4
52 Funding corporations 421.5 447.9 462.7
All sectors
53 Total credit market
debt, domestic and
foreign 30,918.4 31,725.2 32,281.0
54 Open market paper 1,325.7 1,347.5 1,331.1
55 U.S. government
securities 8,884.8 9,135.1 9,311.8
56 Municipal securities 1,708.4 1,770.6 1,815.9
57 Corporate and foreign
bonds 6,045.5 6,220.6 6,410.9
58 Bank loans n.e.c 1,361.7 1,345.0 1,307.0
59 Other loans and
advances 1,653.1 1,658.4 1,666.8
60 Mortgages 8,217.2 8,486.0 8,702.8
61 Consumer credit 1,722.0 1,762.0 1,734.8
(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 1998 1999 2000 2001
CREDIT MARKET DEBT
OUTSTANDING (2)
1 Total credit market
assets 23,433.8 25,598.4 27,344.4 29,397.8
2 Domestic nonfederal
nonfinancial sectors 3,312.6 3,600.5 3,461.6 3,421.2
3 Household 2,264.1 2,542.1 2,379.3 2,311.1
4 Nonfinancial
corporate business 241.5 226.0 249.4 237.1
5 Nonfarm noncorporate
business 67.5 64.6 65.9 67.9
6 State and local
governments 739.4 767.8 767.0 805.1
7 Federal government 219.0 258.0 265.3 271.3
8 Rest of the world 2,278.2 2,354.6 2,621.1 2,954.4
9 Financial sectors 17,624.1 19,385.4 20,996.4 22,750.9
10 Monetary authority 452.5 478.1 511.8 551.7
11 Commercial banking 4,336.1 4,648.3 5,006.3 5,210.5
12 U.S.-chartered
banks 3,761.4 4.080.0 4,419.5 4,610.1
13 Foreign banking
offices in
United States 504.5 487.4 511.3 510.7
14 Bank holding
companies 26.5 32.7 20.5 24.7
15 Banks in U.S.-
affiliated areas 43.8 48.3 55.0 65.0
16 Savings institutions 964.7 1,032.4 1,088.6 1,131.4
17 Credit unions 324.2 351.7 379.7 421.2
18 Bank personal trust
and estates 194.1 222.0 222.8 194.7
19 Life insurance
companies 1,828.0 1,886.0 1,943.9 2,074.8
20 Other insurance
companies 521.1 518.2 509.4 518.4
21 Private pension
funds 651.2 668.2 701.6 717.9
22 State and local
government
retirement funds 704.6 751.4 806.0 788.4
23 Money market mutual
funds 965.9 1,147.8 1,290.9 1,536.9
24 Mutual funds 1,028.4 1,076.8 1,097.8 1,223.8
25 Closed-end funds 98.4 106.9 100.6 107.4
26 Government-sponsored
enterprises 1,252.3 1,543.5 1,807.1 2,114.3
27 Federally related
mortgage pools 2,018.4 2,292.2 2,491.6 2,830.1
28 Asset-backed
securities (ABSs)
issuers 1,219.4 1,413.6 1,585.4 1,877.3
29 Finance companies 645.5 742.5 850.5 844.8
30 Mortgage companies 32.1 32.1 32.1 32.1
31 Real estate
investment trusts
(REITs) 45.5 42.9 35.8 42.5
32 Brokers and dealers 189.4 154.7 223.6 316.0
33 Funding corporations 152.3 276.0 311.0 216.7
RELATION OF
LIABILITIES TO
FINANCIAL ASSETS
34 Total credit market
debt 23,433.8 25,598.4 27,344.4 29,397.8
Other liabilities
35 Official foreign
exchange 60.1 50.1 46.1 46.8
36 Special drawing rights
certificates 9.2 6.2 2.2 2.2
37 Treasury currency 19.9 20.9 23.2 24.5
38 Foreign deposits 642.3 703.6 824.5 908.9
39 Net interbank
liabilities 189.4 202.4 221.2 191.4
40 Checkable deposits and
currency 1,333.3 1,484.5 1,413.1 1,603.2
41 Small time and savings
deposits 2,626.5 2,671.6 2,860.4 3,127.6
42 Large time deposits 805.3 936.4 1,052.6 1,121.1
43 Money market fund
shares 1,329.7 1,578.8 1,812.1 2,240.7
44 Security repurchase
agreements 913.8 1,083.6 1,196.8 1,231.8
45 Mutual fund shares 3,613.1 4,538.5 4,434.6 4,135.5
46 Security credit 572.2 676.6 822.7 825.9
47 Life insurance
reserves 718.3 783.9 819.1 880.0
48 Pension fund reserves 8,208.4 9,065.3 9,069.0 8,695.8
49 Trade payables 2,073.8 2,342.4 2,761.9 2,688.8
50 Taxes payable 170.7 201.4 234.2 251.6
51 Investment in bank
personal trusts 1,001.0 1,130.4 1,095.8 960.7
52 Miscellaneous 7,638.0 8,527.4 9,717.9 10,343.0
53 Total liabilities 55,358.7 61,602.4 65,751.7 68,677.5
Financial assets not
included in
liabilities (+)
54 Gold and special
drawing rights 21.6 21.4 21.6 21.8
55 Corporate equities 15,548.5 19,545.7 17,606.5 15,267.1
56 Household equity in
noncorporate
business 4,279.4 4,510.0 4,748.4 4,831.0
Liabilities not
identified as
assets (-)
57 Treasury currency -6.4 -7.1 -8.5 -8.6
58 Foreign deposits 542.8 585.7 650.9 715.6
59 Net interbank
transactions -26.5 -28.5 -4.3 11.1
60 Security repurchase
agreements 230.6 266.4 388.9 348.6
61 Taxes payable 121.2 129.4 146.3 121.7
62 Miscellaneous -1,951.9 -2,395.2 -3,394.2 -3,637.3
Floats not included in
assets (-)
63 Federal government
checkable deposits -3.9 -9.8 -2.3 -12.3
64 Other checkable
deposits 23.1 22.3 24.0 28.6
65 Trade credit 84.8 95.6 122.0 115.5
66 Totals identified to
sectors as assets 76,194.3 87,020.6 90,205.4 91,114.5
2001 2002
Transaction category
or sector Q3 Q4 Q1 Q2
CREDIT MARKET DEBT
OUTSTANDING (2)
1 Total credit market
assets 28,742.1 29,397.8 29,855.3 30,386.8
2 Domestic nonfederal
nonfinancial sectors 3,362.6 3,421.2 3,443.6 3,506.8
3 Household 2,279.7 2,311.1 2,342.9 2,394.4
4 Nonfinancial
corporate business 220.9 237.1 226.3 223.0
5 Nonfarm noncorporate
business 67.4 67.9 68.7 69.6
6 State and local
governments 794.6 805.1 805.6 819.7
7 Federal government 269.6 271.3 272.9 274.6
8 Rest of the world 2,837.5 2,954.4 3,000.6 3,133.2
9 Financial sectors 22,272.4 22,750.9 23,138.2 23,472.2
10 Monetary authority 534.1 551.7 575.4 590.7
11 Commercial banking 5,100.6 5,210.5 5,231.3 5,328.3
12 U.S.-chartered
banks 4,513.5 4,610.1 4,629.3 4,719.7
13 Foreign banking
offices in
United States 509.3 510.7 507.7 512.6
14 Bank holding
companies 21.3 24.7 27.7 28.1
15 Banks in U.S.-
affiliated areas 56.5 65.0 66.6 67.9
16 Savings institutions 1,118.1 1,131.4 1,134.7 1,130.9
17 Credit unions 408.4 421.2 434.3 443.2
18 Bank personal trust
and estates 201.8 194.7 195.0 195.2
19 Life insurance
companies 2,054.8 2,074.8 2,136.9 2,180.1
20 Other insurance
companies 511.3 518.4 527.6 536.4
21 Private pension
funds 720.6 717.9 731.2 738.5
22 State and local
government
retirement funds 789.0 788.4 806.0 792.4
23 Money market mutual
funds 1,494.9 1,536.9 1,496.9 1,419.3
24 Mutual funds 1,188.2 1,223.8 1,276.8 1,291.6
25 Closed-end funds 103.3 107.4 113.5 112.9
26 Government-sponsored
enterprises 2,026.1 2,114.3 2,163.8 2,199.9
27 Federally related
mortgage pools 2,758.8 2,830.1 2,955.1 3,041.6
28 Asset-backed
securities (ABSs)
issuers 1,772.5 1,877.3 1,929.4 1,985.7
29 Finance companies 859.5 844.8 832.4 845.6
30 Mortgage companies 32.1 32.1 32.1 32.1
31 Real estate
investment trusts
(REITs) 39.0 42.5 49.1 57.0
32 Brokers and dealers 366.4 316.0 299.6 352.6
33 Funding corporations 193.0 216.7 217.3 198.2
RELATION OF
LIABILITIES TO
FINANCIAL ASSETS
34 Total credit market
debt 28,742.1 29,397.8 29,855.3 30,386.8
Other liabilities
35 Official foreign
exchange 49.0 46.8 45.7 47.2
36 Special drawing rights
certificates 2.2 2.2 2.2 2.2
37 Treasury currency 24.5 24.5 24.7 24.8
38 Foreign deposits 848.0 908.9 894.1 907.4
39 Net interbank
liabilities 174.4 191.4 162.4 132.3
40 Checkable deposits and
currency 1,487.1 1,603.2 1,518.1 1,571.9
41 Small time and savings
deposits 3,047.6 3,127.6 3,236.7 3,256.4
42 Large time deposits 1,094.2 1,121.1 1,178.9 1,188.7
43 Money market fund
shares 2,115.4 2,240.7 2,203.3 2,150.3
44 Security repurchase
agreements 1,251.9 1,231.8 1,262.4 1,343.1
45 Mutual fund shares 3,753.1 4,135.5 4,247.0 3,926.6
46 Security credit 919.9 825.9 778.0 745.6
47 Life insurance
reserves 844.0 880.0 904.2 915.2
48 Pension fund reserves 8,281.0 8,695.8 8,824.7 8,331.9
49 Trade payables 2,705.4 2,688.8 2,714.8 2,716.4
50 Taxes payable 270.1 251.6 259.4 266.1
51 Investment in bank
personal trusts 916.5 960.7 963.2 893.5
52 Miscellaneous 10,816.7 10,343.0 10,345.1 10,634.3
53 Total liabilities 67,343.2 68,677.5 69,420.1 69,440.9
Financial assets not
included in
liabilities (+)
54 Gold and special
drawing rights 22.0 21.8 21.9 22.3
55 Corporate equities 13,684.2 15,267.1 15,292.8 13,393.0
56 Household equity in
noncorporate
business 4,857.0 4,831.0 4,857.4 4,925.5
Liabilities not
identified as
assets (-)
57 Treasury currency -8.6 -8.6 -8.9 -9.1
58 Foreign deposits 668.9 715.6 698.5 724.9
59 Net interbank
transactions 4.5 11.1 21.9 18.4
60 Security repurchase
agreements 398.7 348.6 401.4 462.1
61 Taxes payable 167.3 121.7 110.4 163.9
62 Miscellaneous -3,125.1 -3,637.3 -3,589.1 -3,609.5
Floats not included in
assets (-)
63 Federal government
checkable deposits -4.0 -12.3 -9.6 -9.3
64 Other checkable
deposits 19.2 28.6 26.3 31.4
65 Trade credit 16.4 115.5 56.5 10.0
66 Totals identified to
sectors as assets 8,769.0 91,114.5 91,884.7 89,998.9
2002 2003
Transaction category
or sector Q3 Q4 Q1
CREDIT MARKET DEBT
OUTSTANDING (2)
1 Total credit market
assets 30,918.4 31,725.2 32,281.0
2 Domestic nonfederal
nonfinancial sectors 3,434.0 3,535.9 3,501.6
3 Household 2,314.9 2,402.0 2,387.9
4 Nonfinancial
corporate business 230.0 234.2 225.1
5 Nonfarm noncorporate
business 69.0 68.8 67.5
6 State and local
governments 820.1 830.9 821.2
7 Federal government 276.6 280.1 279.9
8 Rest of the world 3,252.9 3,347.6 3,466.3
9 Financial sectors 23,955.0 24,561.6 25,033.1
10 Monetary authority 604.2 629.4 641.5
11 Commercial banking 5,476.2 5,620.2 5,679.0
12 U.S.-chartered
banks 4,858.4 5,003.9 5,055.6
13 Foreign banking
offices in
United States 521.2 516.9 519.0
14 Bank holding
companies 27.7 27.8 33.0
15 Banks in U.S.-
affiliated areas 68.8 71.6 71.5
16 Savings institutions 1,153.8 1,166.8 1,215.5
17 Credit unions 455.3 463.9 473.2
18 Bank personal trust
and estates 195.4 195.6 190.8
19 Life insurance
companies 2,250.6 2,286.5 2,323.3
20 Other insurance
companies 541.9 554.1 564.5
21 Private pension
funds 753.1 755.4 760.9
22 State and local
government
retirement funds 789.8 804.9 805.4
23 Money market mutual
funds 1,405.7 1,511.6 1,485.5
24 Mutual funds 1,334.5 1,365.4 1,415.3
25 Closed-end funds 112.4 116.7 118.6
26 Government-sponsored
enterprises 2,252.9 2,320.9 2,375.8
27 Federally related
mortgage pools 3,084.5 3,158.2 3,226.4
28 Asset-backed
securities (ABSs)
issuers 2,033.0 2,128.9 2,196.8
29 Finance companies 857.1 862.0 853.1
30 Mortgage companies 32.1 32.1 32.1
31 Real estate
investment trusts
(REITs) 63.9 65.6 63.5
32 Brokers and dealers 335.2 344.4 389.2
33 Funding corporations 219.5 175.1 219.3
RELATION OF
LIABILITIES TO
FINANCIAL ASSETS
34 Total credit market
debt 30,918.4 31,725.2 32,281.0
Other liabilities
35 Official foreign
exchange 53.1 55.8 57.6
36 Special drawing rights
certificates 2.2 2.2 2.2
37 Treasury currency 25.5 25.5 25.6
38 Foreign deposits 920.4 934.3 954.1
39 Net interbank
liabilities 150.7 205.9 223.4
40 Checkable deposits and
currency 1,610.7 1,649.3 1,683.4
41 Small time and savings
deposits 3,336.8 3,402.4 3,505.9
42 Large time deposits 1,199.9 1,175.2 1,212.7
43 Money market fund
shares 2,105.9 2,223.9 2,156.2
44 Security repurchase
agreements 1,313.7 1,336.8 1,325.3
45 Mutual fund shares 3,452.3 3,639.4 3,586.8
46 Security credit 726.3 738.8 784.5
47 Life insurance
reserves 927.9 951.4 968.7
48 Pension fund reserves 7,732.0 8,014.2 7,936.1
49 Trade payables 2,764.6 2,812.4 2,814.1
50 Taxes payable 282.0 281.0 294.7
51 Investment in bank
personal trusts 811.6 840.9 806.3
52 Miscellaneous 11,043.4 11,013.6 11,281.9
53 Total liabilities 69,377.4 71,028.1 71,900.4
Financial assets not
included in
liabilities (+)
54 Gold and special
drawing rights 22.8 23.2 22.4
55 Corporate equities 10,993.2 11,833.9 11,370.5
56 Household equity in
noncorporate
business 4,981.5 5,024.3 5,068.7
Liabilities not
identified as
assets (-)
57 Treasury currency -8.9 -9.1 -9.2
58 Foreign deposits 731.0 738.8 768.1
59 Net interbank
transactions 16.5 15.3 19.4
60 Security repurchase
agreements 381.6 356.0 342.6
61 Taxes payable 155.2 157.1 141.0
62 Miscellaneous -3,510.4 -3,483.5 -3,527.3
Floats not included in
assets (-)
63 Federal government
checkable deposits -14.8 -11.7 27.4
64 Other checkable
deposits 25.8 35.9 34.2
65 Trade credit 2.4 78.1 22.6
66 Totals identified to
sectors as assets 87,596.4 90,032.6 90,543.3
(1.) Data in this table also appear in the Board's Z.1 (780) quarterly
statistical release, tables L.1 and L.5. For ordering address, see
inside front cover.
(2.) Excludes corporate equities and mutual fund shares.
2.12 OUTPUT, CAPACITY, AND CAPACITY UTILIZATION (1)
Seasonally adjusted
2002 2003
Series Q2 Q3 Q4 Q1 (r)
Output (1997=100)
1 Total industry 110.5 111.4 110.4 110.5
2 Manufacturing 111.4 112.3 111.2 111.0
3 Manufacturing
(NAICS) 111.8 112.6 111.5 111.3
4 Durable
manufacturing 121.2 122.3 121.4 121.2
5 Primary metal 85.6 85.9 86.0 84.0
6 Fabricated metal
products 99.1 99.5 98.9 97.1
7 Machinery 88.6 88.7 86.7 87.2
8 Computer and
electronic
products 219.1 222.6 224.4 227.8
9 Electrical
equipment,
appliances,
and components 98.3 97.7 96.8 95.6
10 Motor vehicles
and parts 116.8 121.7 120.0 120.4
11 Aerospace and
miscellaneous
transportation
equipment 87.6 85.9 85.1 85.8
12 Nondurable
manufacturing 99.7 100.1 98.8 98.5
13 Food, beverage,
and tobacco
products 100.8 100.1 98.8 98.3
14 Textile and
product mills 83.3 82.9 81.2 79.1
15 Paper 94.2 95.7 95.8 93.5
16 Petroleum and
coal products 103.3 102.3 102.8 102.6
17 Chemical 105.3 106.4 104.1 105.4
18 Plastics and
rubber
products 106.6 107.3 105.6 105.3
19 Other manufacturing
(non-NAICS) 104.6 106.0 106.0 107.0
20 Mining 93.4 93.5 93.7 93.1
21 Electric and gas
utilities 110.2 112.5 111.5 114.3
MEMOS
22 Computers,
communications
equipment, and
semiconductors 290.3 295.5 300.4 306.2
23 Total excluding
computers,
communications
equipment, and
semiconductors 100.6 101.3 110.3 100.3
24 Manufacturing
excluding computers,
communications
equipment, and
semiconductors 99.9 100.5 99.4 99.1
2002 2003
Series Q2 Q3 Q4 Q1 (r)
Capacity
(percent of 1997 output)
1 Total industry 145.9 146.2 146.6 147.0
2 Manufacturing 150.9 151.1 151.4 151.7
3 Manufacturing
(NAICS) 152.2 152.5 152.8 153.2
4 Durable
manufacturing 172.5 173.4 174.2 175.0
5 Primary metal 112.0 111.4 110.8 110.7
6 Fabricated metal
products 139.3 139.4 139.6 139.8
7 Machinery 129.9 129.9 129.9 129.8
8 Computer and
electronic
products 350.1 355.4 360.3 365.9
9 Electrical
equipment,
appliances,
and components 129.1 128.6 128.2 128.0
10 Motor vehicles
and parts 145.9 147.1 148.4 149.9
11 Aerospace and
miscellaneous
transportation
equipment 145.5 145.3 145.1 145.1
12 Nondurable
manufacturing 127.7 127.5 127.3 127.2
13 Food, beverage,
and tobacco
products 125.8 125.7 125.6 125.5
14 Textile and
product mills 112.3 111.7 111.1 110.6
15 Paper 114.2 114.0 113.8 113.5
16 Petroleum and
coal products 114.9 115.2 115.7 116.1
17 Chemical 141.2 141.2 141.3 141.5
18 Plastics and
rubber
products 134.2 133.6 132.9 132.4
19 Other manufacturing
(non-NAICS) 130.3 129.5 128.7 128.2
20 Mining 110.2 110.1 110.2 110.3
21 Electric and gas
utilities 125.5 127.6 129.7 131.5
MEMOS
22 Computers,
communications
equipment, and
semiconductors 466.7 475.3 483.3 493.3
23 Total excluding
computers,
communications
equipment, and
semiconductors 130.4 130.5 130.6 130.8
24 Manufacturing
excluding computers,
communications
equipment, and
semiconductors 132.6 132.6 132.6 132.6
2002 2003
Series Q2 Q3 Q4 Q1 (r)
Capacity utilization rate
(percent) (2)
1 Total industry 75.7 76.2 75.3 75.2
2 Manufacturing 73.9 74.3 73.5 73.2
3 Manufacturing
(NAICS) 73.5 73.8 73.0 72.6
4 Durable
manufacturing 70.2 70.5 69.7 69.3
5 Primary metal 76.4 77.1 77.6 75.9
6 Fabricated metal
products 71.2 71.3 70.8 69.5
7 Machinery 68.2 68.3 66.7 67.2
8 Computer and
electronic
products 62.7 62.6 62.3 62.2
9 Electrical
equipment,
appliances,
and components 76.1 75.9 75.5 74.7
10 Motor vehicles
and parts 80.0 82.7 80.8 80.4
11 Aerospace and
miscellaneous
transportation
equipment 60.2 59.1 58.7 59.1
12 Nondurable
manufacturing 78.1 78.5 77.6 77.4
13 Food, beverage,
and tobacco
products 80.2 79.7 78.7 78.4
14 Textile and
product mills 74.2 74.2 73.1 71.5
15 Paper 82.5 84.0 84.2 82.4
16 Petroleum and
coal products 89.9 88.7 88.9 88.4
17 Chemical 74.6 75.3 73.7 74.5
18 Plastics and
rubber
products 79.4 80.4 79.4 79.5
19 Other manufacturing
(non-NAICS) 80.3 81.8 82.3 83.4
20 Mining 84.8 84.9 85.1 84.4
21 Electric and gas
utilities 87.8 88.2 86.0 86.9
MEMOS
22 Computers,
communications
equipment, and
semiconductors 62.2 62.2 62.2 62.1
23 Total excluding
computers,
communications
equipment, and
semiconductors 77.1 77.6 76.8 76.6
24 Manufacturing
excluding computers,
communications
equipment, and
semiconductors 75.3 75.8 75.0 74.7
2.12 OUTPUT, CAPACITY, AND CAPACITY UTILIZATION (1)
Seasonally adjusted
Previous Latest
1973 1975 cycle (3) cycle (4)
Series High Low High Low High Low
Capacity utilization rate (percent) (2)
1 Total industry 88.8 74.0 86.6 70.8 85.1 78.6
2 Manufacturing 88.0 71.6 86.3 68.6 85.5 77.2
3 Manufacturing
(NAICS) 88.1 71.4 86.3 67.9 85.5 77.0
4 Durable
manufacturing 88.9 69.6 87.0 63.1 84.5 73.4
5 Primary metal 100.9 68.9 91.3 47.2 95.3 75.2
6 Fabricated metal
products 91.8 69.6 83.1 61.7 80.1 71.0
7 Machinery 94.2 74.2 92.8 58.3 84.7 72.9
8 Computer and
electronic
products 87.0 66.9 89.8 77.3 81.5 76.4
9 Electrical
equipment,
appliances,
and components 99.3 68.5 91.9 64.4 87.5 75.0
10 Motor vehicle
and parts 95.3 55.3 96.2 45.2 90.0 56.6
11 Aerospace and
miscellaneous
transportation
equipment 75.0 66.3 84.6 69.8 88.9 81.9
12 Nondurable
manufacturing 87.5 72.5 85.7 75.6 86.9 81.8
13 Food, beverage,
and tobacco
products 85.9 78.0 84.3 80.2 85.5 81.3
14 Textile and product
mills 89.8 62.8 90.1 72.3 91.1 77.1
15 Paper 97.4 74.7 95.6 81.3 94.0 85.4
16 Petroleum and coal
products 93.2 81.0 92.3 71.1 88.9 82.5
17 Chemical 85.0 68.9 83.0 67.9 85.6 80.8
18 Plastics and rubher
products 96.3 61.6 90.5 70.5 91.2 77.1
19 Other manufacturing
(non-NAICS). 85.7 75.7 88.1 85.7 90.2 79.1
20 Mining 93.6 87.6 94.2 78.6 85.6 83.3
21 Electric and gas
utilities 96.2 82.7 87.9 77.2 92.6 84.2
MEMOS
22 Computers,
communications
equipment, and
semiconductors 84.5 63.1 89.9 75.6 80.4 74.6
23 Total excluding
computers,
communications
equipment, and
semiconductors 89.1 74.3 86.6 70.5 85.5 78.8
24 Manufacturing
excluding computers
communications
equipment, and
semiconductors 88.3 71.9 86.3 68.1 86.1 77.3
2002 2002 2003
Series May Dec. Jan. Feb. (r) Mar. (r)
Capacity utilization rate (percent) (2)
1 Total industry 75.7 74.9 75.3 75.3 74.8
2 Manufacturing 73.9 73.0 73.3 73.3 73.1
3 Manufacturing
(NAICS) 73.5 72.5 72.8 72.7 72.4
4 Durable
manufacturing 70.3 69.1 69.8 69.3 68.7
5 Primary metal 76.7 76.1 76.9 77.0 73.8
6 Fabricated metal
products 71.6 70.4 70.1 69.5 68.9
7 Machinery 68.2 66.0 66.8 67.4 67.3
8 Computer and
electronic
products 62.8 62.0 62.3 62.2 62.3
9 Electrical
equipment,
appliances,
and components 76.7 75.6 74.7 75.1 74.3
10 Motor vehicle
and parts 79.3 79.1 82.3 80.1 78.7
11 Aerospace and
miscellaneous
transportation
equipment 60.2 58.7 59.3 59.0 59.1
12 Nondurable
manufacturing 78.1 77.2 77.2 77.4 77.6
13 Food, beverage,
and tobacco
products 80.0 78.3 78.5 78.2 78.4
14 Textile and product
mills 74.5 72.8 70.7 71.7 72.2
15 Paper 83.2 83.5 81.9 81.9 83.3
16 Petroleum and coal
products 90.0 90.7 88.0 87.7 89.4
17 Chemical 74.4 73.2 73.8 74.9 74.8
18 Plastics and rubher
products 79.5 78.8 79.1 79.5 80.0
19 Other manufacturing
(non-NAICS). 80.0 82.4 82.0 83.9 84.4
20 Mining 84.8 86.4 84.9 84.1 84.1
21 Electric and gas
utilities 87.7 84.8 87.8 88.4 84.6
MEMOS
22 Computers,
communications
equipment, and
semiconductors 62.3 61.7 61.8 62.1 62.3
23 Total excluding
computers,
communications
equipment, and
semiconductors 77.1 76.4 76.8 76.8 76.2
24 Manufacturing
excluding computers
communications
equipment, and
semiconductors 75.3 74.5 74.9 74.8 74.6
2003
Series Apr. (r) May (p)
Capacity utilization
rate (percent) (2)
1 Total industry 74.3 74.3
2 Manufacturing 72.5 72.6
3 Manufacturing
(NAICS) 71.8 71.9
4 Durable
manufacturing 68.3 68.3
5 Primary metal 74.4 73.5
6 Fabricated metal
products 68.3 68.8
7 Machinery 67.0 66.8
8 Computer and
electronic
products 62.1 62.5
9 Electrical
equipment,
appliances,
and components 74.0 74.6
10 Motor vehicle
and parts 77.4 76.3
11 Aerospace and
miscellaneous
transportation
equipment 58.9 59.5
12 Nondurable
manufacturing 76.9 77.1
13 Food, beverage,
and tobacco
products 78.0 78.1
14 Textile and product
mills 71.2 70.7
15 Paper 82.1 82.1
16 Petroleum and coal
products 87.3 88.5
17 Chemical 74.3 74.1
18 Plastics and rubher
products 79.1 80.0
19 Other manufacturing
(non-NAICS). 83.4 83.6
20 Mining 84.3 85.0
21 Electric and gas
utilities 84.3 83.4
MEMOS
22 Computers,
communications
equipment, and
semiconductors 62.5 62.5
23 Total excluding
computers,
communications
equipment, and
semiconductors 75.7 75.7
24 Manufacturing
excluding computers
communications
equipment, and
semiconductors 73.9 74.0
Note. The statistics in the G.17 release cover output, capacity, and
capacity utilization in the industrial sector, which the Federal
Reserve defines are manufacturing, mining, and electric and gas
utilities. Manufacturing consists of those industries included in the
North American Industry Classification System, or NAICS, manufacturing
plus those industries--logging and newspaper, periodical, book, and
directory publishing--that have traditionally been considered
manufacturing and included in the industrial sector.
(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 December 2002. The recent annual
revision is described in the April 2003 issue of the Bulletin.
(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.) Monthly highs, 1978-80; monthly lows, 1982.
(4.) Monthly highs, 1988-89; monthly lows, 1990-91.
2.13 INDUSTRIAL PRODUCTION Indexes and Gross Value (1)
Monthly data seasonally adjusted
1992
pro- 2002 2002
Group por- avg.
tion May June
Index (1997=100)
MAJOR MARKETS
1 Total IP 100.0 110.5 110.4 110.8
Market groups
2 Final products and
nonindustrial
supplies 60.8 109.3 109.3 109.6
3 Consumer goods 29.0 107.5 107.3 107.8
4 Durable 5.8 117.3 117.2 118.6
5 Automotive
products 2.5 125.4 124.2 127.4
6 Home electronics 0.4 142.9 143.8 135.3
7 Appliances,
furniture,
carpeting 1.3 106.9 109.1 107.5
8 Miscellaneous
goods 1.6 98.5 98.9 100.2
9 Nondurable 23.2 104.1 103.9 104.1
10 Non-energy 20.2 102.6 102.2 102.8
11 Foods and
tobacco 10.4 99.5 100.0 100.2
12 Clothing 2.4 72.4 72.9 72.9
13 Chemical
products 4.6 119.1 116.8 118.3
14 Paper products 2.9 108.1 106.2 107.2
15 Energy 3.0 112.0 112.5 110.9
16 Business equipment 13.2 107.3 108.0 108.0
17 Transit 2.5 81.2 82.0 81.1
18 Information
processing 5.4 153.8 154.9 154.9
19 Industrial and
other 5.3 91.5 91.9 92.2
20 Defense end space
equipment 3.4 101.2 100.6 101.2
21 Construction
supplies 5.4 104.0 104.6 104.5
22 Business supplies 9.1 121.9 121.5 121.8
23 Materials 39.2 112.2 112.2 112.6
24 Non-energy 29.6 115.8 115.8 116.4
25 Durable 20.7 128.0 127.8 128.6
26 Consumer parts 4.0 110.8 110.1 110.4
27 Equipment parts 7.5 182.6 182.3 183.6
28 Other 9.2 97.1 97.2 97.9
29 Nondurable 8.9 97.0 97.3 97.6
30 Textile 1.1 77.6 78.2 78.5
31 Paper 1.8 94.8 94.8 93.6
32 Chemical 4.0 99.1 100.4 100.6
33 Energy 9.6 98.7 98.5 98.6
SPECIAL AGGREGATES
34 Total excluding
computers,
communication
equipment, and
semiconductors 94.7 100.5 100.5 100.8
35 Total excluding motor
vehicles and parts 94.3 110.0 110.1 110.3
Gross value (billions of 1996
dollars, annual rates)
36 Final products and
nonindustrial
supplies 100.0 2,793.1 2,802.2 2,809.9
37 Final products 77.2 2,018.6 2,021.4 2,028.7
38 Consumer goods 51.9 1,384.6 1,384.8 1,390.2
39 Equipment total 25.3 624.9 628.1 629.9
40 Nonindustrial supplies 22.8 774.4 780.9 781.3
2002
Group July Aug. Sept. Oct.
Index (1997=110)
MAJOR MARKETS
1 Total IP 111.6 111.3 111.2 110.6
Market groups
2 Final products and
nonindustrial
supplies 110.1 109.8 109.8 109.1
3 Consumer goods 108.5 107.8 107.9 107.0
4 Durable 120.0 119.3 118.7 117.0
5 Automotive
products 130.6 130.6 129.3 125.9
6 Home electronics 137.0 135.4 142.6 140.1
7 Appliances,
furniture,
carpeting 106.9 104.5 104.6 104.9
8 Miscellaneous
goods 99.2 98.3 97.8 98.2
9 Nondurable 104.6 103.8 104.2 103.6
10 Non-energy 102.8 102.4 102.6 102.0
11 Foods and
tobacco 99.8 99.2 99.1 98.7
12 Clothing 73.2 71.3 72.1 70.2
13 Chemical
products 119.5 119.0 119.5 118.3
14 Paper products 107.1 108.4 109.8 110.0
15 Energy 114.0 111.6 112.8 111.8
16 Business equipment 107.3 108.1 106.9 106.0
17 Transit 80.2 81.1 79.7 77.3
18 Information
processing 153.5 153.7 152.1 153.1
19 Industrial and
other 92.0 92.9 92.0 91.2
20 Defense end space
equipment 101.2 101.9 102.0 102.5
21 Construction
supplies 104.4 104.8 104.5 104.2
22 Business supplies 123.2 122.6 123.6 123.1
23 Materials 113.8 113.6 113.4 112.8
24 Non-energy 117.2 117.4 117.2 116.7
25 Durable 129.4 130.0 129.5 129.5
26 Consumer parts 113.4 112.3 112.4 111.7
27 Equipment parts 184.2 186.3 185.7 185.7
28 Other 97.7 98.3 97.7 98.0
29 Nondurable 98.4 98.2 98.3 97.1
30 Textile 79.6 77.8 78.4 77.2
31 Paper 95.8 96.1 96.7 96.8
32 Chemical 101.3 100.7 100.2 98.2
33 Energy 101.0 99.3 99.1 98.4
SPECIAL AGGREGATES
34 Total excluding
computers,
communication
equipment, and
semiconductors 101.5 101.2 101.2 100.5
35 Total excluding motor
vehicles and parts 110.8 110.5 110.5 110.0
Gross value (billions of 1996
dollars, annual rates)
36 Final products and
nonindustrial
supplies 2,828.0 2,821.5 2,817.8 2,793.6
37 Final products 2,042.2 2,038.1 2,031.4 2,010.8
38 Consumer goods 1,404.1 1,395.9 1,394.3 1,379.1
39 Equipment total 627.9 633.6 627.7 622.6
40 Nonindustrial supplies 785.9 783.5 786.6 783.2
2002 2003
Group Nov. Dec. Jan. Feb. (r)
Index (1997=110)
MAJOR MARKETS
1 Total IP 110.8 109.9 110.7 110.7
Market groups
2 Final products and
nonindustrial
supplies 109.3 108.2 109.1 109.3
3 Consumer goods 107.8 106.6 107.7 107.8
4 Durable 121.0 117.8 120.5 118.5
5 Automotive
products 132.4 125.9 131.3 128.8
6 Home electronics 142.1 145.3 152.7 145.9
7 Appliances,
furniture,
carpeting 107.1 107.7 105.4 105.5
8 Miscellaneous
goods 98.3 98.7 98.7 96.9
9 Nondurable 103.3 102.8 103.4 104.1
10 Non-energy 101.3 100.8 101.1 101.6
11 Foods and
tobacco 97.9 97.4 97.6 97.2
12 Clothing 70.6 69.9 69.7 69.1
13 Chemical
products 118.0 116.9 117.9 120.2
14 Paper products 108.8 109.0 108.3 110.2
15 Energy 114.0 113.3 115.7 117.2
16 Business equipment 106.1 104.6 105.6 105.9
17 Transit 77.9 75.4 75.7 74.5
18 Information
processing 152.8 152.7 155.1 156.3
19 Industrial and
other 91.1 89.7 90.4 90.8
20 Defense end space
equipment 101.7 102.3 104.1 104.8
21 Construction
supplies 103.8 102.4 102.3 101.8
22 Business supplies 122.5 121.9 122.8 123.7
23 Materials 113.1 112.4 113.0 112.8
24 Non-energy 116.7 115.6 116.0 115.9
25 Durable 129.7 128.1 129.1 128.6
26 Consumer parts 114.6 111.1 113.8 111.9
27 Equipment parts 185.3 184.4 186.0 186.2
28 Other 97.2 96.4 96.3 96.3
29 Nondurable 97.0 96.5 96.2 96.4
30 Textile 77.0 75.3 74.1 74.2
31 Paper 96.9 95.8 94.4 93.6
32 Chemical 97.9 97.3 98.3 99.2
33 Energy 99.4 99.7 100.9 100.8
SPECIAL AGGREGATES
34 Total excluding
computers,
communication
equipment, and
semiconductors 100.6 99.8 100.5 100.5
35 Total excluding motor
vehicles and parts 109.8 109.3 109.8 110.1
Gross value (billions of 1996
dollars, annual rates)
36 Final products and
nonindustrial
supplies 2,817.8 2,783.5 2,808.6 2,807.2
37 Final products 2,037.3 2,010.7 2,032.1 2,028.9
38 Consumer goods 1,402.0 1,384.1 1,399.9 1,395.8
39 Equipment total 624.4 615.8 620.9 622.5
40 Nonindustrial supplies 780.5 772.8 776.4 778.3
2003
Group Mar. (r) Apr. (r) May (p)
Index (1997=110)
MAJOR MARKETS
1 Total IP 110.1 109.4 109.6
Market groups
2 Final products and
nonindustrial
supplies 108.8 108.1 108.2
3 Consumer goods 107.3 106.6 106.5
4 Durable 117.9 117.0 116.3
5 Automotive
products 127.4 126.1 124.4
6 Home electronics 152.0 155.0 156.6
7 Appliances,
furniture,
carpeting 105.7 105.7 107.1
8 Miscellaneous
goods 96.2 95.0 94.8
9 Nondurable 103.7 103.0 103.1
10 Non-energy 101.8 101.1 101.1
11 Foods and
tobacco 97.4 96.8 96.9
12 Clothing 68.0 66.4 66.0
13 Chemical
products 120.6 120.1 119.9
14 Paper products 111.1 109.9 110.4
15 Energy 113.8 113.3 113.3
16 Business equipment 105.5 104.9 104.9
17 Transit 73.9 73.1 72.7
18 Information
processing 158.0 157.9 159.3
19 Industrial and
other 89.9 89.2 88.9
20 Defense end space
equipment 105.1 104.7 106.4
21 Construction
supplies 101.4 100.5 100.8
22 Business supplies 122.5 121.5 121.7
23 Materials 112.0 111.5 111.7
24 Non-energy 115.4 114.7 114.9
25 Durable 127.6 126.9 127.4
26 Consumer parts 110.8 109.7 109.7
27 Equipment parts 185.9 186.1 187.5
28 Other 95.1 94.5 94.8
29 Nondurable 96.7 95.8 95.7
30 Textile 73.8 72.9 72.0
31 Paper 94.7 93.1 93.5
32 Chemical 99.4 98.8 98.4
33 Energy 99.2 99.2 99.4
SPECIAL AGGREGATES
34 Total excluding
computers,
communication
equipment, and
semiconductors 99.8 99.1 99.2
35 Total excluding motor
vehicles and parts 109.5 108.9 109.2
Gross value (billions of 1996
dollars, annual rates)
36 Final products and
nonindustrial
supplies 2,792.6 2,774.3 2,775.4
37 Final products 2,020.7 2,008.2 2,018.1
38 Consumer goods 1,389.5 1,379.6 1,378.3
39 Equipment total 620.9 618.8 620.5
40 Nonindustrial supplies 771.8 766.0 767.2
2.13 INDUSTRIAL PRODUCTION Indexes and Gross Value (1)
Monthly data seasonally adjusted
1992
Group NAICS pro- 2002 2002
code (2) por- avg.
tion May June
INDUSTRY GROUPS Index (1997=100)
41 Manufacturing ... 85.4 111.4 111.4 111.9
42 Manufacturing
(NAICS) ... 79.1 111.7 111.9 112.2
43 Durable
manufacturing ... 43.0 121.1 121.2 121.8
44 Wood product 321 1.5 100.5 101.0 102.2
45 Nonmetallic
mineral
products 327 2.0 107.9 107.7 106.6
46 Primary metal 331 2.7 85.6 85.9 86.2
47 Fabricated metal
products 332 5.3 99.0 99.7 99.3
48 Machinery 333 5.7 87.9 88.5 88.9
49 Computer and
electronic
products 334 8.8 220.4 220.0 220.8
50 Electrical
equipment,
appliances,
and components 335 2.5 97.7 98.9 98.7
51 Motor vehicles
and parts 3361-3 5.7 117.3 115.8 118.6
52 Aerospace and
miscellaneous
transportation
equipment 3364-9 4.5 87.6 87.6 86.9
53 Furniture and
related
products 337 1.5 101.3 101.5 101.6
54 Miscellaneous 339 2.8 109.5 110.2 110.7
55 Nondurable
manufacturing ... 36.1 99.5 99.7 99.9
56 Food, beverage,
and tobacco
products 311,2 10.9 100.2 100.6 100.9
57 Textile and
product mills 313,4 1.8 82.5 83.6 83.4
58 Apparel and
leather 315,6 2.2 72.2 72.7 72.6
59 Paper 322 3.3 94.4 95.0 94.7
60 Printing and
support 323 2.8 97.8 96.2 95.5
61 Petroleum and
coal products 324 1.4 102.9 103.4 102.4
62 Chemical 325 10.3 105.1 105.0 105.7
63 Plastics and
rubber
products 326 3.4 106.0 106.7 107.4
64 Other manufacturing
(non-NAICS) 1133,5111 4.3 105.5 104.2 105.5
65 Mining 21 6.6 93.8 93.4 93.5
66 Utilities 2211,2 10.1 110.2 110.1 110.1
67 Electric 2211 8.6 111.8 111.2 111.4
68 Natural gas 2212 1.6 97.5 104.4 103.2
69 Manufacturing
excluding computers,
communications
equipment, and
semiconductors ... 78.0 99.8 99.9 100.2
70 Manufacturing
excluding motor
vehicles and parts ... 77.6 110.9 111.0 111.3
Group 2002
July Aug. Sept. Oct. Nov.
Index (1997=100)
INDUSTRY GROUPS
41 Manufacturing 112.3 112.4 112.1 111.4 111.6
42 Manufacturing
(NAICS) 112.7 112.8 112.4 111.7 112.0
43 Durable
manufacturing 122.2 122.7 122.0 121.5 122.2
44 Wood product 101.9 102.5 100.7 99.2 98.3
45 Nonmetallic
mineral
products 107.7 108.5 109.8 109.3 110.2
46 Primary metal 85.0 87.6 85.0 87.6 86.2
47 Fabricated metal
products 99.7 99.3 99.4 99.8 98.7
48 Machinery 88.4 89.4 88.2 86.8 87.4
49 Computer and
electronic
products 221.5 223.0 223.2 224.2 224.5
50 Electrical
equipment,
appliances,
and components 98.4 98.0 96.5 96.6 97.0
51 Motor vehicles
and parts 122.1 122.0 121.1 118.3 123.9
52 Aerospace and
miscellaneous
transportation
equipment 85.7 86.3 85.7 85.5 84.8
53 Furniture and
related
products 101.4 100.5 101.4 100.7 100.6
54 Miscellaneous 110.6 110.2 109.1 109.3 108.6
55 Nondurable
manufacturing 100.4 100.0 100.0 99.1 98.9
56 Food, beverage,
and tobacco
products 100.5 100.0 99.9 99.5 98.6
57 Textile and
product mills 83.9 82.5 82.3 81.3 81.7
58 Apparel and
leather 73.0 71.2 71.8 70.2 70.5
59 Paper 95.2 95.8 96.1 95.7 96.8
60 Printing and
support 98.4 98.6 99.9 99.5 98.4
61 Petroleum and
coal products 103.0 102.7 101.0 99.4 103.9
62 Chemical 106.9 106.2 106.1 104.6 104.2
63 Plastics and
rubber
products 107.5 107.3 107.2 106.4 105.8
64 Other manufacturing
(non-NAICS) 105.0 105.8 107.1 106.7 105.4
65 Mining 94.4 93.9 92.2 92.3 93.6
66 Utilities 113.7 110.4 113.3 112.1 112.1
67 Electric 115.7 112.2 115.8 113.7 113.3
68 Natural gas 102.7 100.8 99.9 103.6 105.8
69 Manufacturing
excluding computers,
communications
equipment, and
semiconductors 100.6 100.6 100.4 99.7 99.8
70 Manufacturing
excluding motor
vehicles and parts 111.4 111.5 111.3 110.8 110.5
Group 2002 2003
Dec. Jan. Feb. (r) Mar. (r)
INDUSTRY GROUPS Index (1997=100)
41 Manufacturing 110.6 111.1 111.1 110.9
42 Manufacturing
(NAICS) 110.8 111.5 111.3 111.0
43 Durable
manufacturing 120.5 121.9 121.3 120.5
44 Wood product 96.9 97.4 96.5 95.3
45 Nonmetallic
mineral
products 108.0 109.7 108.0 108.0
46 Primary metal 84.1 85.0 85.2 81.7
47 Fabricated metal
products 98.3 97.9 97.1 96.3
48 Machinery 85.8 86.7 87.4 87.3
49 Computer and
electronic
products 224.5 226.6 227.5 229.1
50 Electrical
equipment,
appliances,
and components 96.9 95.7 96.1 95.0
51 Motor vehicles
and parts 117.8 122.9 120.0 118.4
52 Aerospace and
miscellaneous
transportation
equipment 85.2 86.0 85.6 85.7
53 Furniture and
related
products 98.9 98.8 98.6 97.3
54 Miscellaneous 110.0 109.5 109.4 108.7
55 Nondurable
manufacturing 98.3 98.2 98.5 98.7
56 Food, beverage,
and tobacco
products 98.3 98.5 98.2 98.3
57 Textile and
product mills 80.8 78.4 79.2 74.7
58 Apparel and
leather 69.7 69.7 69.0 68.0
59 Paper 95.0 93.0 93.0 94.5
60 Printing and
support 98.9 99.1 97.7 96.4
61 Petroleum and
coal products 105.0 102.0 101.8 103.9
62 Chemical 103.4 104.4 106.0 105.9
63 Plastics and
rubber
products 104.6 104.9 105.3 105.7
64 Other manufacturing
(non-NAICS) 105.9 105.3 107.5 108.1
65 Mining 95.2 93.6 92.8 92.8
66 Utilities 110.5 115.0 116.3 111.7
67 Electric 112.2 116.8 118.0 113.6
68 Natural gas 101.6 105.4 107.5 101.2
69 Manufacturing
excluding computers,
communications
equipment, and
semiconductors 98.8 99.3 99.2 98.9
70 Manufacturing
excluding motor
vehicles and parts 109.9 110.1 110.3 110.2
Group 2003
Apr. (r) May (p)
INDUSTRY GROUPS Index (1997=100)
41 Manufacturing 110.1 110.3
42 Manufacturing
(NAICS) 110.2 110.4
43 Durable
manufacturing 119.9 120.2
44 Wood product 96.7 96.7
45 Nonmetallic
mineral
products 106.8 107.7
46 Primary metal 82.4 81.5
47 Fabricated metal
products 95.5 96.2
48 Machinery 86.9 86.6
49 Computer and
electronic
products 229.8 232.5
50 Electrical
equipment,
appliances,
and components 94.6 95.4
51 Motor vehicles
and parts 116.7 115.5
52 Aerospace and
miscellaneous
transportation
equipment 85.4 86.3
53 Furniture and
related
products 96.4 96.4
54 Miscellaneous 107.2 107.5
55 Nondurable
manufacturing 97.8 97.9
56 Food, beverage,
and tobacco
products 97.8 97.9
57 Textile and
product mills 78.4 77.7
58 Apparel and
leather 66.4 65.9
59 Paper 93.0 92.9
60 Printing and
support 95.4 96.4
61 Petroleum and
coal products 101.6 103.1
62 Chemical 105.3 105.0
63 Plastics and
rubber
products 104.4 105.3
64 Other manufacturing
(non-NAICS) 106.7 106.8
65 Mining 93.1 93.9
66 Utilities 111.8 111.0
67 Electric 113.7 112.6
68 Natural gas 102.1 102.1
69 Manufacturing
excluding computers,
communications
equipment, and
semiconductors 98.0 98.2
70 Manufacturing
excluding motor
vehicles and parts 109.5 109.8
Note. The statistics in the G.17 release cover output, capacity, and
capacity utilization in the industrial sector, which the Federal
Reserve defines are manufacturing, mining, and electric and gas
utilities. Manufacturing consists of those industries included in the
North American Industry Classification System, or NAICS, manufacturing
plus those industries--logging and newspaper, periodical, book, and
directory publishing--that have traditionally been considered
manufacturing and included in the industrial sector.
(1.) Data in this table appear in the Board's G.17 (419) monthly
statistical release. The data are also available on the Board's web
site http://www.federalreserve.gov/releases/g17. The latest historical
revision of the industrial production index and the capacity
utilization rates was released in December 2002. The recent annual
revision is described in the April 2003 issue of the Bulletin.
(2.) North American Industry Classification System.
3.10 U.S. INTERNATIONAL TRANSACTIONS Summary
Millions of dollars; quarterly data seasonally adjusted except as
noted (1)
Item credits or debits 2000 (r) 2001 (r) 2002 (r)
1 Balance on current
account -411,458 -393,745 -480,861
2 Balance on goods and
services -375,384 -357,819 -418,038
3 Exports 1,070,054 1,007,580 974,107
4 Imports -1,445,438 -1,365,399 -1,392,145
5 Income, net 19,605 10,689 -3,970
6 Investment, net 24,191 15,701 1,271
7 Direct 94,929 106,485 93,475
8 Portfolio -70,738 -90,784 -92,204
9 Compensation of
employees -4,586 -5,012 -5,241
10 Unilateral current
transfers, net -55,679 -46,615 -58,853
11 Change in U.S.
government assets
other than official
reserve assets, net
(increase, -) -941 -486 -32
12 Change in U.S.
official reserve
assets (increase, -) -290 -4,911 -3,681
13 Gold 0 0 0
14 Special drawing
rights (SDRs) -722 -630 -475
15 Reserve position in
International
Monetary Fund 2,308 -3,600 2,632
16 Foreign currencies -1,876 -681 -574
17 Change in U.S. private
assets abroad
(increase, -) -568,567 -344,542 -175,272
18 Bank-reported claims
(2) -148,657 -134,945 -21,357
19 Nonbank-reported
claims -138,790 -4,997 -31,880
20 U.S. purchase of
foreign
securities, net -121,908 -84,637 15,801
21 U.S. direct
investments
abroad, net -159,212 -119,963 -137,836
22 Change in foreign
official assets in
United States
(increase, +) 37,724 5,104 94,860
23 U.S. Treasury
securities -10,233 10,745 43,144
24 Other U.S.
government
obligations 40,909 20,920 30,377
25 Other U.S.
government
liabilities (2) -1,825 -2,309 137
26 Other U.S.
liabilities
reported by U.S.
banks (2) 5,746 -29,978 17,594
27 Other foreign
official assets
(3) 3,127 5,726 3,608
28 Change in foreign
private assets in
United States
(increase, +) 988,415 760,427 612,123
29 U.S. bank-reported
liabilities (4) 116,971 118,379 91,126
30 U.S. nonbank-
reported
liabilities 170,672 67,489 72,142
31 Foreign private
purchases of U.S.
Treasury
securities, net -76,949 -7,438 96,217
32 U.S. currency flows 1,129 23,783 21,513
33 Foreign purchases of
other U.S.
securities, net 455,318 406,633 291,492
34 Foreign direct
investments in
United States, net 321,274 151,581 39,633
35 Capital account
transactions, net
(5) -799 -1,062 -1,285
36 Discrepancy -44,084 -20,785 -45,852
37 Due to seasonal
adjustment ... ... ...
38 Before seasonal
adjustment -44,084 -20,785 -45,852
MEMO
Changes in official
assets
39 U.S. official reserve
assets (increase, -) -290 -4,911 -3,681
40 Foreign official
assets in United
States, excluding
line 25
(increase, +) 39,549 7,413 94,723
41 Change in Organization
of Petroleum
Exporting Countries
official assets in
United States (part
of line 22) 12,000 -1,725 -8,132
2002
Item credits or debits Q1 (r) Q2 (r) Q3 (r)
1 Balance on current
account -106,728 -122,827 -122,724
2 Balance on goods and
services -90,057 -104,888 -106,980
3 Exports 236,442 243,696 247,815
4 Imports -326,499 -348,584 -354,795
5 Income, net -733 -4,458 -1,747
6 Investment, net 550 -3,106 -481
7 Direct 23,924 21,410 21,914
8 Portfolio -23,374 -24,516 -22,395
9 Compensation of
employees -1,283 -1,352 -1,266
10 Unilateral current
transfers, net -15,938 -13,481 -13,997
11 Change in U.S.
government assets
other than official
reserve assets, net
(increase, -) 133 42 -27
12 Change in U.S.
official reserve
assets (increase, -) 390 -1,843 -1,416
13 Gold 0 0 0
14 Special drawing
rights (SDRs) -109 -107 -132
15 Reserve position in
International
Monetary Fund 652 -1,607 -1,136
16 Foreign currencies -153 -129 -148
17 Change in U.S. private
assets abroad
(increase, -) -35,750 -126,766 31,155
18 Bank-reported claims
(2) -148 -69,254 52,999
19 Nonbank-reported
claims -1,886 -16,210 -11,862
20 U.S. purchase of
foreign
securities, net 5,367 -5,843 21,641
21 U.S. direct
investments
abroad, net -39,083 -35,459 -31,623
22 Change in foreign
official assets in
United States
(increase, +) 6,106 47,552 8,992
23 U.S. Treasury
securities -1,039 15,138 1,415
24 Other U.S.
government
obligations 7,296 6,568 10,885
25 Other U.S.
government
liabilities (2) -597 365 464
26 Other U.S.
liabilities
reported by U.S.
banks (2) -280 24,575 -4,607
27 Other foreign
official assets
(3) 726 906 835
28 Change in foreign
private assets in
United States
(increase, +) 140,707 173,690 132,486
29 U.S. bank-reported
liabilities (4) -7,446 23,948 20,448
30 U.S. nonbank-
reported
liabilities 46,771 24,610 -8,102
31 Foreign private
purchases of U.S.
Treasury
securities, net 11,789 14,218 57,505
32 U.S. currency flows 4,525 7,183 2,556
33 Foreign purchases of
other U.S.
securities, net 74,461 104,187 45,880
34 Foreign direct
investments in
United States, net 10,607 -456 14,199
35 Capital account
transactions, net
(5) -277 -286 -364
36 Discrepancy -4,581 30,438 -48,102
37 Due to seasonal
adjustment 8,579 2,091 -12,409
38 Before seasonal
adjustment -13,160 28,347 -35,693
MEMO
Changes in official
assets
39 U.S. official reserve
assets (increase, -) 390 -1,843 -1,416
40 Foreign official
assets in United
States, excluding
line 25
(increase, +) 6,703 47,187 8,528
41 Change in Organization
of Petroleum
Exporting Countries
official assets in
United States (part
of line 22) -8,532 838 -1,289
2002 2003
Item credits or debits Q4 (r) Q1 (p)
1 Balance on current
account -128,586 -136,112
2 Balance on goods and
services -116,116 -121,567
3 Exports 246,151 247,848
4 Imports -362,267 -369,415
5 Income, net 2,966 2,571
6 Investment, net 4,306 3,942
7 Direct 26,225 24,477
8 Portfolio -21,919 -20,535
9 Compensation of
employees -1,340 -1,371
10 Unilateral current
transfers, net -15,436 -17,116
11 Change in U.S.
government assets
other than official
reserve assets, net
(increase, -) -180 37
12 Change in U.S.
official reserve
assets (increase, -) -812 83
13 Gold 0 0
14 Special drawing
rights (SDRs) -127 897
15 Reserve position in
International
Monetary Fund -541 -644
16 Foreign currencies -144 -170
17 Change in U.S. private
assets abroad
(increase, -) -43,910 -76,017
18 Bank-reported claims
(2) -4,954 -24,392
19 Nonbank-reported
claims -1,922 3,134
20 U.S. purchase of
foreign
securities, net -5,364 -25,785
21 U.S. direct
investments
abroad, net -31,670 -28,974
22 Change in foreign
official assets in
United States
(increase, +) 32,210 35,870
23 U.S. Treasury
securities 27,630 18,099
24 Other U.S.
government
obligations 5,628 9,380
25 Other U.S.
government
liabilities (2) -95 -694
26 Other U.S.
liabilities
reported by U.S.
banks (2) -2,094 7,759
27 Other foreign
official assets
(3) 1,141 1,326
28 Change in foreign
private assets in
United States
(increase, +) 165,238 152,782
29 U.S. bank-reported
liabilities (4) 54,176 25,003
30 U.S. nonbank-
reported
liabilities 8,863 32,636
31 Foreign private
purchases of U.S.
Treasury
securities, net 12,705 13,487
32 U.S. currency flows 7,249 4,927
33 Foreign purchases of
other U.S.
securities, net 66,964 50,944
34 Foreign direct
investments in
United States, net 15,281 25,785
35 Capital account
transactions, net
(5) -358 -340
36 Discrepancy -23,602 23,697
37 Due to seasonal
adjustment 1,744 8,916
38 Before seasonal
adjustment -25,346 14,781
MEMO
Changes in official
assets
39 U.S. official reserve
assets (increase, -) -812 83
40 Foreign official
assets in United
States, excluding
line 25
(increase, +) 32,305 36,564
41 Change in Organization
of Petroleum
Exporting Countries
official assets in
United States (part
of line 22) 851 ...
(1.) Seasonal factors are not calculated for lines 11-16, 18-20, 22-35,
and 38-41.
(2.) Associated primarily with military sales contracts and other
transactions arranged with or through foreign official agencies.
(3.) Consists of investments in U.S. corporate stocks and in debt
securities of private corporations and state and local governments.
(4.) Reporting banks included all types of depository institutions as
well as some brokers and dealers.
(5.) Consists of capital transfers (such as those of accompanying
migrants entering or leaving the country and debt forgiveness) and the
acquisition and disposal of nonproduced nonfinancial assets.
SOURCE. U.S. Department of Commerce, Bureau of Economic Analysis,
Survey of Current Business.
3.12 U.S. RESERVE ASSETS
Millions of dollars, end of period
2002
Asset 1999 2000 2001 Nov. Dec.
1 Total 71,516 67,647 68,654 75,690 79,006
2 Gold stock (1) 11,048 11,046 11,045 11,043 11,043
3 Special drawing rights
(2,3) 10,336 10,539 10,774 11,855 12,166
4 Reserve position in
International
Monetary Fund (2) 17,950 14,824 17,854 20,480 21,979
5 Foreign currencies (4) 32,182 31,239 28,981 32,312 33,818
2003
Asset Jan. Feb. Mar. Apr.
1 Total 78,434 78,579 80,049 80,405
2 Gold stock (1) 11,043 11,043 11,043 11,043
3 Special drawing rights
(2,3) 11,298 11,368 11,392 11,476
4 Reserve position in
International
Monetary Fund (2) 21,953 21,686 22,858 22,738
5 Foreign currencies (4) 34,140 34,482 34,756 35,148
2003
Asset May June (p)
1 Total 82,287 81,660
2 Gold stock (1) 11,044 (r) 11,044
3 Special drawing rights
(2,3) 11.880 11,720
4 Reserve position in
International
Monetary Fund (2) 23.214 23,210
5 Foreign currencies (4) 36.149 35,686
(1.) Gold held "under earmark" at Federal Reserve Banks for foreign and
international accounts is not included in the gold stock of the United
States; see table 3.13, line 3. Gold stock is valued at $42.22 per fine
troy ounce.
(2.) Special drawing rights (SDRs) are valued according to a technique
adopted by the International Monetary Fund (IMF) in July 1974. Values
are based on a weighted average of exchange rates for the currencies of
member countries. From July 1974 through December 1980, sixteen
currencies were used; since January 1981, five currencies have been
used. U.S. SDR holdings and reserve positions in the IMF also have been
valued on this basis since July 1974.
(3.) Includes allocations of SDRs by the International Monetary Fund on
Jan. 1 of the year indicated, as follows: 1970--$867 million;
1971--$717 million; 1972--$710 million; 1979--$1,139 million;
1980-$1,152 million; 1981--$1,093 million; plus net transactions in
SDRs.
(4.) Valued at current market exchange rates.
3.13 FOREIGN OFFICIAL ASSETS HELD AT FEDERAL RESERVE BANKS (1)
Millions of dollars, end of period
2002
Asset 1999 2001 2001
Nov. Dec.
1 Deposits 71 215 61 78 136
Held in custody
2 U.S. Treasury
securities (2) 632,482 594,094 592,630 669,092 678,106
3 Earmarked gold (3) 9,933 9,451 9,099 9,045 9,045
2003
Asset
Jan. Feb. Mar. Apr. May
1 Deposits 102 224 254 313 79
Held in custody
2 U.S. Treasury
securities (2) 683,837 701,341 710,955 702,041 727,142
3 Earmarked gold (3) 9,145 9,045 9,045 9,040 9,031
2003
Asset
June (p)
1 Deposits 898
Held in custody
2 U.S. Treasury
securities (2) 747,089
3 Earmarked gold (3) 9,004
(1.) Excludes deposit 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
2002
Item 2000 2001
Oct. Nov.
1 Total (1) 975,303 987,567 1,047,933 1,069,536
By type
2 Liabilities reported
by banks in the
United States (2) 144,593 123,425 136,721 138,496
3 U.S. Treasury bills
and certificates (3) 153,010 161,719 188,474 190,111
U.S. Treasury bonds
and notes
4 Marketable 450,832 454,306 446,152 462,729
5 Nonmarketable (4) 5,348 3,411 3,078 3,097
6 U.S. securities other
than U.S. Treasury
securities (5) 221,520 244,706 273,508 275,103
By area
7 Europe (1) 240,325 243,448 254,425 265,831
8 Canada 13,727 13,440 10,300 10,975
9 Latin America and
Caribbean 70,442 71,103 64,289 63,002
10 Asia 626,616 635,179 692,195 701,016
11 Africa 14,690 15,167 15,524 15,602
12 Other countries 10,101 9,228 11,198 13,108
2002 2003
Item
Dec. Jan. Feb.
1 Total (1) 1,082,290 1,090,034 1,109,422
By type
2 Liabilities reported
by banks in the
United States (2) 141,018 140,071 149,463
3 U.S. Treasury bills
and certificates (3) 190,375 194,762 196,344
U.S. Treasury bonds
and notes
4 Marketable 469,437 468,682 471,223
5 Nonmarketable (4) 2,769 2,786 2,803
6 U.S. securities other
than U.S. Treasury
securities (5) 278,691 283,733 289,589
By area
7 Europe (1) 273,136 273,174 280,721
8 Canada 11,079 10,455 9,796
9 Latin America and
Caribbean 63,244 62,016 63,220
10 Asia 706,130 (r) 718,000 727,124
11 Africa 15,338 14,589 15,939
12 Other countries 13,361 11,798 12,620
2003
Item
Mar. Apr. (p)
1 Total (1) 1,118,854 1,115,440
By type
2 Liabilities reported
by banks in the
United States (2) 148,778 150,546
3 U.S. Treasury bills
and certificates (3) 206,153 200,462
U.S. Treasury bonds
and notes
4 Marketable 471,705 469,288
5 Nonmarketable (4) 1,821 2,839
6 U.S. securities other
than U.S. Treasury
securities (5) 289,397 292,305
By area
7 Europe (1) 277,422 271,829
8 Canada 9,813 9,705
9 Latin America and
Caribbean 62,965 63,131
10 Asia 742,599 742,306
11 Africa 15,215 15,834
12 Other countries 10,838 12,633
(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.
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
2002
Item 1999 2000 2001
June Sept.
1 Banks' own
liabilities 88,537 77,779 79,363 89,823 81,719
2 Deposits n.a. n.a. n.a. n.a. n.a.
3 Other liabilities n.a. n.a. n.a. n.a. n.a.
4 Banks' own claims 67,365 56,912 74,640 90,609 82,647
5 Deposits 34,426 23,315 44,094 56,221 47,779
6 Other claims 32,939 33,597 30,546 34,388 34,868
7 Claims of banks'
domestic
customers (2) 20,826 24,411 17,631 15,848 20,475
8 Deposits n.a. n.a. n.a. n.a. n.a.
9 Other claims n.a. n.a. n.a. n.a. n.a.
2002 2003
Item
Dec. (r) Mar.
1 Banks' own
liabilities 80,543 88,583
2 Deposits n.a. 50,582
3 Other liabilities n.a. 38,001
4 Banks' own claims 71,724 81,242
5 Deposits 34,287 54,194
6 Other claims 37,437 27,048
7 Claims of banks'
domestic
customers (2) 33,659 27,706
8 Deposits n.a. 5,065
9 Other claims n.a. 22,641
(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 Stales that represent claims on foreigners held by reporting
banks for the accounts of the domestic customers.
3.17 LIABILITIES TO FOREIGNERS Reported by Banks in the United
States (1)
Payable in U.S. dollars
Millions of dollars, end of period
Item 2000 2001 2002
BY HOLDER AND TYPE OF
LIABILITY
1 Total, all foreigners 1,511,410 1,636,538 1,818,240 (r)
2 Banks' own libilities 1,077,636 1,181,097 1,274,227
By type of liability
3 Deposits (2) 221,248 191,742 171,802
4 Other 171,401 197,064 249,954
5 Of which:
repurchase
agreements (3) 0 151,143 190,134
6 Banks' custody
liabilities (4) 433,774 455,441 544,013 (r)
By type of
liability
7 U.S. Treasury
bills and
certificates
(5) 177,846 186,115 229,480 (r)
8 Other negotiable
and readily
transferable
instruments
(6) 145,840 139,807 163,657 (r)
9 Of which:
negotiable
time certi-
ficates of
deposit held
in custody
for
foreigners 34,217 20,440 26,040 (r)
10 Of which:
short-term
agency secu-
rities (7) 0 59,781 73,078
11 Other 110,088 129,519 150,876 (r)
12 Nonmonetary interna-
tional and regional
organizations (8) 12,543 10,830 13,467 (r)
13 Banks' own liabili-
ties 12,140 10,169 12,362
14 Deposits (2) 6,287 3,791 5,769
15 Other 5,853 6,378 6,593
16 Banks' custody lia-
bilities (4) 403 661 1,105 (r)
17 U.S. Treasury
bills and certi-
ficates (5) 252 600 1,089
18 Other negotiable
and readily
transferable
instruments (6) 149 61 16 (r)
19 Other 2 0 0
20 Official institutions
(9) 297,013 285,144 331,393 (r)
21 Banks' own liabili-
ties 96,989 83,824 90,822
22 Deposits (2) 39,525 22,668 20,629
23 Other 57,464 61,156 70,193
24 Banks' custody
liabilities (4) 200,614 201,320 240,571 (r)
25 U.S. Treasury
bills and
certificates (5) 153,010 161,719 190,375
26 Other negotiable
and readily
transferable
instruments (6) 47,366 38,531 50,132 (r)
27 Other 238 1,070 64
28 Banks (10) 972,932 1,053,084 1,164,864
29 Banks' own
liabilities 821,306 914,492 969,975
30 Deposits (2) 82,426 68,656 52,738
31 Other 51,893 53,545 64,766
32 Banks' custody
liabilities (4) 151,626 138,592 194,889
33 U.S. Treasury
bills and
certificates (5) 16,023 11,541 21,308
34 Other negotiable
and readily
transferable
instruments (6) 36,036 24,059 46,773
35 Other 99,567 102,992 126,808
36 Other foreigners (11) 228,332 287,480 308,516 (r)
37 Banks' own
liabilities 147,201 172,612 201,158
38 Deposits (2) 93,010 96,627 92,666
39 Other 54,191 75,985 108,402
40 Banks' custodial
liabilities 81,131 114,868 107,448 (r)
41 U.S. Treasury
bills and
certificates (5) 8,561 12,255 16,708 (r)
42 Other negotiable
and readily
transferable
instruments (6) 62,289 77,156 66,736 (r)
43 Other 10,281 25,457 24,004 (r)
MEMO
44 Own foreign offices
(12) 684,987 792,291 852,471
2002
Item
Oct. Nov.
BY HOLDER AND TYPE OF
LIABILITY
1 Total, all foreigners 1,834,387 (r) 1,776,074 (r)
2 Banks' own libilities 1,305,674 1,242,279
By type of liability
3 Deposits (2) 164,057 165,306
4 Other 263,717 256,726
5 Of which:
repurchase
agreements (3) 200,313 190,283
6 Banks' custody
liabilities (4) 528,713 (r) 533,795 (r)
By type of
liability
7 U.S. Treasury
bills and
certificates
(5) 223,538 (r) 226,272 (r)
8 Other negotiable
and readily
transferable
instruments
(6) 159,985 (r) 156,453 (r)
9 Of which:
negotiable
time certi-
ficates of
deposit held
in custody
for
foreigners 29,154 (r) 26,391 (r)
10 Of which:
short-term
agency secu-
rities (7) 68,834 66,226
11 Other 145,190 (r) 151,070 (r)
12 Nonmonetary interna-
tional and regional
organizations (8) 13,067 (r) 12,219 (r)
13 Banks' own liabili-
ties 12,454 11,443
14 Deposits (2) 6,178 5,245
15 Other 6,276 6,198
16 Banks' custody lia-
bilities (4) 613 (r) 776 (r)
17 U.S. Treasury
bills and certi-
ficates (5) 597 760
18 Other negotiable
and readily
transferable
instruments (6) 16 (r) 16 (r)
19 Other 0 0
20 Official institutions
(9) 325,195 328,607
21 Banks' own liabili-
ties 91,550 93,558
22 Deposits (2) 17,736 17,525
23 Other 73,814 76,033
24 Banks' custody
liabilities (4) 233,645 235,149
25 U.S. Treasury
bills and
certificates (5) 188,474 190,111
26 Other negotiable
and readily
transferable
instruments (6) 44,391 44,137
27 Other 780 801
28 Banks (10) 1,184,129 1,127,288
29 Banks' own
liabilities 996,584 934,125
30 Deposits (2) 48,053 51,088
31 Other 70,631 62,790
32 Banks' custody
liabilities (4) 187,545 193,163
33 U.S. Treasury
bills and
certificates (5) 19,253 18,887
34 Other negotiable
and readily
transferable
instruments (6) 48,250 47,836
35 Other 120,042 126,440
36 Other foreigners (11) 311,996 (r) 307,960 (r)
37 Banks' own
liabilities 205,086 203,153
38 Deposits (2) 92,090 91,448
39 Other 112,996 111,705
40 Banks' custodial
liabilities 106,910 (r) 104,807 (r)
41 U.S. Treasury
bills and
certificates (5) 15,214 (r) 16,514 (r)
42 Other negotiable
and readily
transferable
instruments (6) 67,328 (r) 64,464 (r)
43 Other 24,368 (r) 23,829 (r)
MEMO
44 Own foreign offices
(12) 877,900 820,247
2002 2003
Item
Dec. Jan. Feb.
BY HOLDER AND TYPE OF
LIABILITY
1 Total, all foreigners 1,818,240 (r) 1,783,978 1,945,083 (r)
2 Banks' own libilities 1,274,227 1,241,101 1,390,064 (r)
By type of liability
3 Deposits (2) 171,802 165,384 729,978 (r)
4 Other 249,954 271,711 660,086 (r)
5 Of which:
repurchase
agreements (3) 190,134 210,349 315,017
6 Banks' custody
liabilities (4) 544,013 (r) 542,877 555,019
By type of
liability
7 U.S. Treasury
bills and
certificates
(5) 229,480 (r) 231,366 233,814
8 Other negotiable
and readily
transferable
instruments
(6) 163,657 (r) 160,802 172,225
9 Of which:
negotiable
time certi-
ficates of
deposit held
in custody
for
foreigners 26,040 (r) 25,596 27,876
10 Of which:
short-term
agency secu-
rities (7) 73,078 67,933 74,851
11 Other 150,876 (r) 150,709 148,980
12 Nonmonetary interna-
tional and regional
organizations (8) 13,467 (r) 14,624 12,085
13 Banks' own liabili-
ties 12,362 13,921 11,439
14 Deposits (2) 5,769 5,298 6,305
15 Other 6,593 8,623 5,134
16 Banks' custody lia-
bilities (4) 1,105 (r) 703 646
17 U.S. Treasury
bills and certi-
ficates (5) 1,089 687 621
18 Other negotiable
and readily
transferable
instruments (6) 16 (r) 16 25
19 Other 0 0 0
20 Official institutions
(9) 331,393 (r) 334,833 345,807
21 Banks' own liabili-
ties 90,822 93,790 98,178
22 Deposits (2) 20,629 17,162 25,430
23 Other 70,193 76,628 72,748
24 Banks' custody
liabilities (4) 240,571 (r) 241,043 247,629
25 U.S. Treasury
bills and
certificates (5) 190,375 194,762 196,344
26 Other negotiable
and readily
transferable
instruments (6) 50,132 (r) 45,285 50,763
27 Other 64 996 522
28 Banks (10) 1,164,864 1,118,064 1,137,559 (r)
29 Banks' own
liabilities 969,975 923,313 943,871 (r)
30 Deposits (2) 52,738 49,286 584,017 (r)
31 Other 64,766 70,021 359,854 (r)
32 Banks' custody
liabilities (4) 194,889 194,751 193,688
33 U.S. Treasury
bills and
certificates (5) 21,308 20,240 18,166
34 Other negotiable
and readily
transferable
instruments (6) 46,773 48,618 52,120
35 Other 126,808 125,893 123,412
36 Other foreigners (11) 308,516 (r) 316,457 449,632 (r)
37 Banks' own
liabilities 201,068 210,077 336,576 (r)
38 Deposits (2) 92,666 93,638 114,226 (r)
39 Other 108,402 116,439 222,350
40 Banks' custodial
liabilities 107,448 (r) 106,380 113,056
41 U.S. Treasury
bills and
certificates (5) 16,708 (r) 15,677 18,683
42 Other negotiable
and readily
transferable
instruments (6) 66,736 (r) 66,883 69,317
43 Other 24,004 (r) 23,820 25,056
MEMO
44 Own foreign offices
(12) 852,471 804,006 911,571 (r)
2003
Item
Mar. (r) Apr. (p)
BY HOLDER AND TYPE OF
LIABILITY
1 Total, all foreigners 2,007,773 2,064,952
2 Banks' own libilities 1,452,668 1,499,066
By type of liability
3 Deposits (2) 754,107 826,168
4 Other 698,561 672,898
5 Of which:
repurchase
agreements (3) 338,528 378,839
6 Banks' custody
liabilities (4) 555,105 565,886
By type of
liability
7 U.S. Treasury
bills and
certificates
(5) 245,814 242,527
8 Other negotiable
and readily
transferable
instruments
(6) 169,899 179,939
9 Of which:
negotiable
time certi-
ficates of
deposit held
in custody
for
foreigners 28,400 30,821
10 Of which:
short-term
agency secu-
rities (7) 73,651 77,004
11 Other 139,392 143,420
12 Nonmonetary interna-
tional and regional
organizations (8) 9,377 8,983
13 Banks' own liabili-
ties 9,331 8,930
14 Deposits (2) 5,039 5,261
15 Other 4,292 3,669
16 Banks' custody lia-
bilities (4) 46 53
17 U.S. Treasury
bills and certi-
ficates (5) 4 33
18 Other negotiable
and readily
transferable
instruments (6) 30 20
19 Other 12 0
20 Official institutions
(9) 354,931 351,008
21 Banks' own liabili-
ties 95,278 95,203
22 Deposits (2) 21,952 23,967
23 Other 73,326 71,236
24 Banks' custody
liabilities (4) 259,653 255,805
25 U.S. Treasury
bills and
certificates (5) 206,153 200,462
26 Other negotiable
and readily
transferable
instruments (6) 52,615 55,189
27 Other 885 154
28 Banks (10) 1,165,412 1,209,655
29 Banks' own
liabilities 984,516 1,019,289
30 Deposits (2) 614,022 687,275
31 Other 370,494 332,014
32 Banks' custody
liabilities (4) 180,896 190,366
33 U.S. Treasury
bills and
certificates (5) 20,730 21,989
34 Other negotiable
and readily
transferable
instruments (6) 48,346 51,753
35 Other 111,820 116,624
36 Other foreigners (11) 478,053 495,306
37 Banks' own
liabilities 363,543 375,644
38 Deposits (2) 113,094 109,665
39 Other 250,449 265,979
40 Banks' custodial
liabilities 114,510 119,662
41 U.S. Treasury
bills and
certificates (5) 18,927 20,043
42 Other negotiable
and readily
transferable
instruments (6) 68,908 72,977
43 Other 26,675 26,642
MEMO
44 Own foreign offices
(12) 948,628 996,038
(1.) Reporting banks include all types of depository institutions as
well as some banks/financial holding companies and broken and dealers.
Excludes bonds and notes of maturities longer than one year. Effective
February 2003, coverage is expanded to include liabilities of brokers
and dealers to affiliated foreign offices.
(2.) Non-negotiable deposits and brokerage balances.
(3.) Data available beginning January 2001.
(4.) Financial claims on residents of the United States, other than
long-term securities, held by or through reporting banks for foreign
customers. Effective February 2003, also includes loans to U.S.
residents in managed foreign offices of U.S. reporting institutions.
(5.) Includes nonmarketable certificates of indebtedness and Treasury
bills issued to official institutions of foreign countries.
(6.) Principally bankers acceptances, commercial paper, negotiable
time certificates of deposit, and short-term agency securities.
(7.) Data available beginning January 2001.
(8.) Principally the International Bank for Reconstruction and
Development, the Inter-American Development Bank, and the Asian
Development Bank. Excludes "holdings of dollars" of the International
Monetary Fund.
(9.) Foreign central banks, foreign central governments, and the Bank
for International Settlements.
(10.) Excludes central banks, which are included in "Official
institutions." Includes positions with affiliated banking offices also
included in memo line (44) below.
(11.) As of February 2003, includes position, with affiliated
non-banking offices also included in memo line (44) below.
(12.) For U.S. bank, includes amounts owed to own foreign branches and
foreign subsidiaries consolidated in the 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
office, and to foreign branches, agencies, or wholly owned subsidiaries
of the head office or parent foreign bank. Effective February 2003,
includes amounts owed to affiliated foreign offices of U.S. brokers and
dealers.
3.17 LIABILITIES TO FOREIGNERS Reported by Banks in the United
States (1)
Payable in U.S. dollars
Millions of dollars, end of period
2002
Item 2000 2001 2002 (r)
Oct. (r)
AREA OR COUNTRY
45 Total, all
foreigners 1,511,410 1,636,538 1,818,240 1,834,387
46 Foreign countries 1,498,867 1,625,708 1,804,773 1,821,320
47 Europe 446,788 521,331 627,535 658,589
48 Austria 2,692 2,922 2,473 3,053
49 Belgium (13) 33,399 6,557 8,610 7,419
50 Denmark 3,000 3,626 4,880 31,814
51 Finland 1,411 1,446 1,693 517
52 France 37,833 49,056 39,636 38,511
53 Germany 35,519 22,375 34,394 31,554
54 Greece 2,011 2,307 2,975 3,358
55 Italy 5,072 6,354 4,826 5,109
56 Luxembourg (13) 0 16,894 28,623 25,677
57 Netherlands 7,047 12,411 10,705 7,926
58 Norway 2,305 3,727 18,867 18,895
59 Portugal 2,403 4,033 3,574 3,219
60 Russia 19,018 20,800 23,147 24,407
61 Spain 7,787 8,811 14,030 12,822
62 Sweden 6,497 3,375 4,654 4,855
63 Switzerland 74,635 66,403 131,489 182,116
64 Turkey 7,548 7,474 12,130 11,225
65 United Kingdom 167,757 204,396 181,838 184,432
66 Channel Islands
and Isle of
Man (14) 0 36,059 45,728 40,070
67 Yugoslavia (15) 276 309 301 316
68 Other Europe and
other former
U.S.S.R. (16) 30,578 41,996 52,962 45,451
69 Canada 30,982 27,251 24,956 26,568
70 Latin America 120,041 118,025 107,030 106,781
71 Argentina 19,451 10,704 11,217 12,090
72 Brazil 10,852 14,169 10,037 11,587
73 Chile 5,892 4,939 6,064 5,826
74 Colombia 4,542 4,695 4,158 3,847
75 Ecuador 2,112 23,911 2,299 2,149
76 Guatemala 1,601 1,882 1,381 1,500
77 Mexico 32,166 39,871 36,141 34,654
78 Panama 4,240 3,610 3,842 3,479
79 Peru 1,427 1,359 1,363 1,300
80 Uruguay 3,003 3,172 2,806 2,582
81 Venezuela 24,730 24,974 21,883 21,656
82 Other Latin
America (17) 10,025 6,260 5,839 6,111
83 Caribbean 573,337 194,814 193,318 190,690
84 Bahamas 189,298 178,472 162,179 159,850
85 Bermuda 9,636 10,539 23,813 23,147
86 British West
Indies (18) 367,197 0 0 0
87 Cayman Islands 0 440,038 498,957 491,970
88 Cuba 90 88 91 92
89 Jamaica 794 1,182 829 856
90 Netherlands
Antilles 5,028 3,264 5,001 5,274
91 Trinidad and
Tobago 894 1,269 1,405 1,471
92 Other
Caribbean (17) 0 12,135 11,341 111,831
93 Asia 305,554 294,496 318,008 314,697
China
94 Mainland 16,531 10,498 15,504 15,853
95 Taiwan 17,352 17,633 18,626 23,216
96 Hong Kong 26,462 26,494 33,034 30,104
97 India 4,530 3,708 7,953 7,196
98 Indonesia 8,514 12,383 14,107 12,315
99 Israel 8,053 7,870 7,185 9,105
100 Japan 150,415 155,314 161,330 162,042
101 Korea (South) 7,955 9,019 8,932 6,288
102 Philippines 2,316 1,772 1,793 1,589
103 Thailand 3,117 4,743 7,605 7,022
104 Middle Eastern
oil-exporting
countries (19) 23,763 20,035 16,364 14,352
105 Other 36,546 25,027 25,573 25,615
106 Africa 10,824 11,365 12,240 11,905
107 Egypt 2,621 2,778 2,652 2,545
108 Morocco 139 274 306 335
109 South Africa 1,010 839 1,114 662
110 Congo (formerly
Zaire) 4 4 2 0
111 Oil-exporting
countries (20) 4,052 4,377 4,370 4,635
112 Other 2,998 3,093 3,796 3,728
113 Other countries 11,341 6,253 11,388 9,289
114 Australia 10,070 5,599 9,332 7,548
115 New Zealand (21) 0 242 1,796 1,257
116 All other 1,271 412 260 484
117 Nonmonetary Inter-
national and
regional
organizations 12,543 10,830 13,467 13,067
118 International
(22) 11,270 9,331 11,282 11,295
119 Latin American
regional (23) 740 480 507 560
120 Other
regional (24) 533 935 1,611 1,134
2002 2003
Item
Nov. (r) Dec. (r) Jan. Feb. (r)
AREA OR COUNTRY
45 Total, all
foreigners 1,776,074 1,818,240 1,783,978 1,945,083
46 Foreign countries 1,763,855 1,804,773 1,769,354 3,865,996
47 Europe 615,353 627,535 566,318 708,269
48 Austria 2,442 2,473 2,186 2,330
49 Belgium (13) 8,031 8,610 8,858 5,454
50 Denmark 3,339 4,880 6,097 6,603
51 Finland 2,646 1,693 2,583 1,861
52 France 40,748 39,636 36,731 39,679
53 Germany 32,021 34,394 31,940 39,653
54 Greece 3,348 2,975 3,205 29,118
55 Italy 5,642 4,826 4,421 4,812
56 Luxembourg (13) 27,744 28,623 30,538 35,998
57 Netherlands 7,907 10,705 12,094 16,258
58 Norway 14,677 18,867 17,723 10,936
59 Portugal 3,091 3,574 3,448 2,879
60 Russia 25,444 23,147 24,378 27,648
61 Spain 15,574 1,403 14,850 16,042
62 Sweden 3,857 4,654 3,767 4,006
63 Switzerland 141,175 131,489 105,350 119,422
64 Turkey 11,748 12,130 12,754 11,973
65 United Kingdom 182,057 181,838 168,424 278,738
66 Channel Islands
and Isle of
Man (14) 38,935 45,728 26,327 23,024
67 Yugoslavia (15) 332 301 353 337
68 Other Europe and
other former
U.S.S.R. (16) 44,595 52,962 49,891 57,708
69 Canada 24,275 24,956 27,880 28,600
70 Latin America 103,892 107,030 106,090 103,836
71 Argentina 11,643 11,217 11,252 10,543
72 Brazil 10,275 10,037 10,586 10,989
73 Chile 5,360 6,064 5,591 58,116
74 Colombia 4,644 4,158 4,147 4,886
75 Ecuador 2,252 2,299 2,397 2,239
76 Guatemala 1,386 1,381 1,436 1,474
77 Mexico 32,614 36,141 36,876 34,736
78 Panama 3,586 3,842 3,969 4,109
79 Peru 1,360 1,363 1,364 1,361
80 Uruguay 2,603 2,806 2,681 2,458
81 Venezuela 22,310 21,883 19,951 19,594
82 Other Latin
America (17) 5,869 5,839 5,840 5,641
83 Caribbean 179,690 193,718 206,210 210,983
84 Bahamas 145,976 162,179 170,120 165,928
85 Bermuda 25,754 23,813 27,426 38,086
86 British West
Indies (18) 0 0 0 0
87 Cayman Islands 488,995 498,957 511,973 524,084
88 Cuba 94 91 93 207
89 Jamaica 828 829 883 851
90 Netherlands
Antilles 5,458 5,001 6,329 4,527
91 Trinidad and
Tobago 1,580 1,405 1,359 1,384
92 Other
Caribbean (17) 11,488 11,341 11,057 11,654
93 Asia 316,468 318,008 318,818 319,650
China
94 Mainland 14,488 15,504 13,544 13,694
95 Taiwan 23,549 18,626 22,147 24,141
96 Hong Kong 31,334 33,034 36,777 35,758
97 India 7,507 7,953 8,074 8,836
98 Indonesia 12,915 14,109 12,858 12,419
99 Israel 8,882 7,185 9,593 10,159
100 Japan 163,980 161,330 162,110 166,409
101 Korea (South) 6,548 8,932 7,410 7,044
102 Philippines 1,462 1,793 1,164 1,528
103 Thailand 8,698 7,605 6,666 5,033
104 Middle Eastern
oil-exporting
countries (19) 11,633 16,364 15,176 12,197
105 Other 25,472 25,573 23,099 22,533
106 Africa 11,989 12,240 11,177 14,390
107 Egypt 2,493 2,652 2,494 3,624
108 Morocco 254 306 259 346
109 South Africa 701 1,114 725 2,406
110 Congo (formerly
Zaire) 2 2 3 5
111 Oil-exporting
countries (20) 4,983 4,770 4,126 4,552
112 Other 3,556 3,796 3,570 3,457
113 Other countries 11,705 11,388 9,831 11,532
114 Australia 9,339 9,332 8,237 9,120
115 New Zealand (21) 2,120 1,796 1,320 1,940
116 All other 246 260 274 472
117 Nonmonetary Inter-
national and
regional
organizations 12,219 13,467 14,624 12,085
118 International
(22) 10,246 11,282 12,859 10,217
119 Latin American
regional (23) 477 507 372 547
120 Other
regional (24) 1,423 1,611 1,299 1,216
2003
Item
Mar. (r) Apr. (p)
AREA OR COUNTRY
45 Total, all
foreigners 2,007,773 2,064,952
46 Foreign countries 3,996,792 4,111,938
47 Europe 726,094 722,328
48 Austria 2,125 2,110
49 Belgium (13) 7,742 6,668
50 Denmark 6,751 2,160
51 Finland 845 939
52 France 39,885 41,279
53 Germany 43,617 42,456
54 Greece 2,002 1,378
55 Italy 50,810 6,450
56 Luxembourg (13) 32,926 36,765
57 Netherlands 13,708 15,207
58 Norway 14,163 13,866
59 Portugal 2,802 2,906
60 Russia 28,918 30,656
61 Spain 13,119 14,177
62 Sweden 4,611 6,816
63 Switzerland 114,442 100,321
64 Turkey 10,996 11,541
65 United Kingdom 301,249 306,644
66 Channel Islands
and Isle of
Man (14) 21,715 21,414
67 Yugoslavia (15) 332 237
68 Other Europe and
other former
U.S.S.R. (16) 58,346 58,348
69 Canada 31,989 29,206
70 Latin America 104,483 106,548
71 Argentina 111,654 9,954
72 Brazil 12,151 112,411
73 Chile 5,712 5,161
74 Colombia 4,453 4,721
75 Ecuador 2,369 2,248
76 Guatemala 1,397 1,529
77 Mexico 36,010 38,433
78 Panama 3,678 3,660
79 Peru 1,331 1,375
80 Uruguay 2,751 2,886
81 Venezuela 18,206 19,105
82 Other Latin
America (17) 5,771 6,336
83 Caribbean 223,153 211,562
84 Bahamas 175,721 161,208
85 Bermuda 40,552 43,422
86 British West
Indies (18) 0 0
87 Cayman Islands 551,635 629,329
88 Cuba 91 91
89 Jamaica 996 929
90 Netherlands
Antilles 4,420 4,592
91 Trinidad and
Tobago 1,373 1,320
92 Other
Caribbean (17) 117,711 12,322
93 Asia 326,718 318,609
China
94 Mainland 17,618 14,994
95 Taiwan 20,099 21,274
96 Hong Kong 32,964 34,437
97 India 8,672 9,267
98 Indonesia 11,943 12,039
99 Israel 11,736 10,821
100 Japan 176,338 166,060
101 Korea (South) 6,730 6,859
102 Philippines 1,764 1,549
103 Thailand 5,287 5,739
104 Middle Eastern
oil-exporting
countries (19) 9,858 10,370
105 Other 23,709 25,201
106 Africa 12,980 13,591
107 Egypt 3,549 3,607
108 Morocco 283 210
109 South Africa 1,807 2,019
110 Congo (formerly
Zaire) 3 4
111 Oil-exporting
countries (20) 395 4,146
112 Other 3,351 3,605
113 Other countries 9,574 12,474
114 Australia 6,842 9,854
115 New Zealand (21) 2,175 2,123
116 All other 557 497
117 Nonmonetary Inter-
national and
regional
organizations 9,377 8,983
118 International
(22) 7,955 7,899
119 Latin American
regional (23) 686 296
120 Other
regional (24) 633 614
(13.) Before January 2001, data for Belgium-Luxembourg were combined.
(14.) Before January 2001, these data were included in data reported
for the United Kingdom.
(15.) In February 2003, Yugoslavia changed its name to Serbia and
Montenegro. Data for other entities of the former Yugoslavia
recognized as independent states by the United States are reported
under "Other Europe."
(16.) Includes the Bank for International Settlements and the European
Central Bank.
(17.) Before January 2001, data for "Other Latin America" and "Other
Caribbean" were combined in "Other Latin America and Caribbean."
(18.) Beginning January 2001, data for the Cayman Islands replaced data
for the British West Indies.
(19.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(20.) Comprises Algeria, Gabon, Libya, and Nigeria.
(21.) Before January 2001, these data were included in "All other."
(22.) Principally the International Bank for Reconstruction and
Development. Excludes "holdings of dollars" of the International
Monetary Fund.
(23.) Principally the Inter-American Development Bank.
(24.) 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 2000 2001 2002
Oct.
1 Total, all foreigners 904,642 1,055,069 1,080,271 1,151,438
2 Foreign countries 899,956 1,050,123 1,076,594 1,148,738
3 Europe 378,115 461,176 484,047 542,565
4 Austria 2,926 4,981 3,603 3,876
5 Belgium (2) 5,399 6,391 6,044 5,590
6 Denmark 3,272 1,105 1,109 1,534
7 Finland 7,382 10,350 8,518 14,821
8 France 40,035 64,620 47,705 47,065
9 Germany 36,834 29,902 22,481 21,101
10 Grecee 646 330 477 388
11 Italy 7,629 4,205 3,753 3,984
12 Luxembourg (2) 0 1,267 3,407 2,818
13 Netherlands 17,043 15,908 23,133 13,284
14 Norway 5,012 6,236 13,885 11,848
15 Portugal 1,382 1,603 2,226 2,000
16 Russia 517 594 877 858
17 Spain 2,603 3,260 5,371 3,159
18 Sweden 9,226 12,544 15,889 15,366
19 Switzerland 82,085 87,333 126,958 184,039
20 Turkey 3,059 2,124 2,112 2,622
21 United Kingdom 144,938 201,183 173,996 195,256
22 Channel Islands and
Isle of Man (3) 0 4,478 17,457 7,281
23 Yugoslavia (4) 50 0 0 0
24 Other Europe and
other former
U.S.S.R. (5) 8,077 6,762 5,046 5,675
25 Canada 39,837 54,421 60,584 56,705
26 Latin America 76,561 69,762 56,642 59,261
27 Argentina 11,519 10,763 6,783 7,608
28 Brazil 20,567 19,434 15,419 16,863
29 Chile 5,815 5,317 5,250 5,142
30 Colombia 4,370 3,602 2,614 2,834
31 Ecuador 635 495 457 451
32 Guatemala 1,244 1,495 892 907
33 Mexico 17,415 16,522 15,658 15,367
34 Panama 2,933 3,061 1,915 2,021
35 Peru 2,807 2,185 1,411 15,114
36 Uruguay 673 447 255 319
37 Venezuela 3,518 31,277 3,254 3,389
38 Other Latin
America (6) 5,065 3,364 2,734 2,856
39 Caribbean 319,403 370,945 373,712 373,472
40 Bahamas 114,090 101,034 95,584 96,151
41 Bermuda 9,260 7,900 9,902 12,196
42 British West
Indies (7) 189,289 0 0 0
43 Cayman Islands (7) 0 250,376 257,075 252,908
44 Cuba 0 0 0 0
45 Jamaica 355 418 321 429
46 Netherlands Antilles 5,801 6,729 6,690 7,427
47 Trinidad and Tobago 608 931 889 920
48 Other Caribbean (6) 0 3,557 3,251 3,441
49 Asia 77,829 85,882 93,455 109,359
China
50 Mainland 1,606 2,073 1,057 8,515
51 Taiwan 2,247 4,407 3,772 8,599
52 Hong Kong 6,669 9,995 7,258 5,778
53 India 2,178 1,348 1,235 999
54 Indonesia 1,914 1,752 1,238 1,390
55 Israel 2,729 4,396 4,660 4,710
56 Japan 34,974 34,125 47,600 42,252
57 Korea (South) 7,776 10,622 11,118 19,439
58 Philippines 1,784 2,587 2,137 1,843
59 Thailand 1,381 2,499 1,167 1,205
60 Middle Eastern oil-
exporting
countries (8) 9,346 7,882 7,952 9,253
61 Other 5,225 4,196 4,261 5,376
62 Africa 2,094 2,095 1,977 1,790
63 Egypt 201 416 487 326
64 Morocco 204 106 53 50
65 South Africa 309 710 617 554
66 Congo (formerly
Zaire) 0 0 0 0
67 Oil-exporting
countries (9) 471 167 222 233
68 Other 909 696 598 627
69 Other countries 6,117 5,842 6,177 5,586
70 Australia 5,868 5,455 5,566 5,088
71 New Zealand (10) 0 349 569 485
72 All other 249 38 42 13
73 Nonmonetary interna-
tional and regional
organizations (11) 4,686 4,946 3,677 2,700
2002 2003
Area or country
Nov. Dec. Jan.
1 Total, all foreigners 1,094,649 1,080,271 1,083,390
2 Foreign countries 1,091,331 1,076,594 1,080,231
3 Europe 489,943 484,047 446,105
4 Austria 4,224 3,603 4,334
5 Belgium (2) 5,784 6,044 6,213
6 Denmark 940 1,109 1,563
7 Finland 9,028 8,518 9,832
8 France 54,089 47,705 45,914
9 Germany 22,103 22,481 23,395
10 Grecee 331 477 296
11 Italy 3,945 3,753 3,177
12 Luxembourg (2) 3,224 3,407 3,901
13 Netherlands 15,572 23,133 19,188
14 Norway 11,464 13,885 18,606
15 Portugal 2,134 2,226 2,356
16 Russia 787 877 1,025
17 Spain 4,752 5,171 4,154
18 Sweden 15,239 15,889 15,329
19 Switzerland 134,425 126,958 87,562
20 Turkey 2,532 2,112 2,021
21 United Kingdom 182,805 173,996 167,820
22 Channel Islands and
Isle of Man (3) 11,304 17,457 24,393
23 Yugoslavia (4) 0 0 0
24 Other Europe and
other former
U.S.S.R. (5) 5,261 5,046 4,966
25 Canada 58,809 60,584 65,085
26 Latin America 58,257 56,612 54,482
27 Argentina 7,253 6,783 6,663
28 Brazil 15,871 15,419 1,452
29 Chile 5,358 5,250 5,077
30 Colombia 2,758 2,614 2,406
31 Ecuador 451 457 439
32 Guatemala 889 892 896
33 Mexico 15,828 15,658 15,268
34 Panama 1,961 1,915 1,730
35 Peru 1,484 1,411 1,403
36 Uruguay 292 255 255
37 Venezuela 3,231 3,254 3,202
38 Other Latin
America (6) 2,881 2,734 2,623
39 Caribbean 372,683 373,712 402,454
40 Bahamas 93,839 95,584 97,456
41 Bermuda 9,902 9,902 12,511
42 British West
Indies (7) 0 0 0
43 Cayman Islands (7) 257,645 257,075 281,641
44 Cuba 0 0 0
45 Jamaica 393 321 314
46 Netherlands Antilles 6,744 6,690 6,445
47 Trinidad and Tobago 912 889 865
48 Other Caribbean (6) 3,248 3,251 3,232
49 Asia 104,181 93,455 103,096
China
50 Mainland 6,575 1,057 4,799
51 Taiwan 7,034 3,772 6,563
52 Hong Kong 6,849 7,258 6,490
53 India 921 1,235 1,128
54 Indonesia 1,360 1,238 1,223
55 Israel 3,836 4,660 5,182
56 Japan 47,071 47,600 48,818
57 Korea (South) 14,293 11,118 14,473
58 Philippines 1,555 2,137 2,424
59 Thailand 756 1,167 830
60 Middle Eastern oil-
exporting
countries (8) 8,251 7,952 8,004
61 Other 5,680 4,261 3,162
62 Africa 1,693 1,977 1,945
63 Egypt 428 487 511
64 Morocco 52 53 53
65 South Africa 435 617 545
66 Congo (formerly
Zaire) 0 0 0
67 Oil-exporting
countries (9) 225 222 240
68 Other 553 598 596
69 Other countries 5,765 6,177 7,064
70 Australia 5,303 5,566 6,212
71 New Zealand (10) 439 569 833
72 All other 23 42 19
73 Nonmonetary interna-
tional and regional
organizations (11) 3,318 3,677 3,159
2003
Area or country
Feb. Mar. Apr. (p)
1 Total, all foreigners 1,138,619 (r) 1,219,025 (r) 1,234,275
2 Foreign countries 2,270,528 (r) 2,429,990 (r) 2,459,298
3 Europe 522,959 543,358 (r) 541,394
4 Austria 4,142 (r) 4,538 4,875
5 Belgium (2) 6,605 (r) 7,971 8,439
6 Denmark 1,098 1,449 1,044
7 Finland 9,191 9,462 11,893
8 France 48,595 46,658 (r) 54,926
9 Germany 22,525 22,259 (r) 19,844
10 Grecee 295 314 234
11 Italy 3,002 4,212 4,726
12 Luxembourg (2) 4,360 3,149 4,472
13 Netherlands 16,508 21,835 18,784
14 Norway 9,809 11,091 11,672
15 Portugal 2,342 1,929 2,260
16 Russia 728 1,107 699
17 Spain 3,452 2,577 3,188
18 Sweden 15,458 16,310 168,611
19 Switzerland 101,202 106,935 (r) 81,560
20 Turkey 21,169 2,280 2,441
21 United Kingdom 237,752 237,497 (r) 247,035
22 Channel Islands and
Isle of Man (3) 27,767 34,994 38,611
23 Yugoslavia (4) 0 0 0
24 Other Europe and
other former
U.S.S.R. (5) 61,159 6,791 8,010
25 Canada 66,132 57,831 59,090
26 Latin America 55,412 55,942 (r) 54,617
27 Argentina 6,615 6,149 6,077
28 Brazil 15,329 15,899 (r) 15,324
29 Chile 5,220 5,228 5,271
30 Colombia 2,710 2,650 (r) 2,587
31 Ecuador 428 460 (r) 445
32 Guatemala 831 971 841
33 Mexico 14,993 14,788 (r) 14,625
34 Panama 1,856 1,882 1,959
35 Peru 1,438 1,399 1,447
36 Uruguay 300 324 322
37 Venezuela 3,171 3,293 3,188
38 Other Latin
America (6) 2,521 1,900 2,531
39 Caribbean 381,394 (r) 434,477 (r) 448,057
40 Bahamas 86,313 92,186 86,031
41 Bermuda 17,031 23,339 21,346
42 British West
Indies (7) 0 0 0
43 Cayman Islands (7) 265,643 (r) 307,700 (r) 329,369
44 Cuba 0 0 0
45 Jamaica 349 381 376
46 Netherlands Antilles 7,657 6,750 7,008
47 Trinidad and Tobago 915 881 846
48 Other Caribbean (6) 3,436 3,240 3,081
49 Asia 101,450 114,185 (r) 116,993
China
50 Mainland 1,884 9,418 7,819
51 Taiwan 5,695 8,259 5,349
52 Hong Kong 5,652 4,987 4,767
53 India 1,170 960 1,050
54 Indonesia 1,059 1,023 992
55 Israel 3,328 3,110 4,014
56 Japan 56,265 58,391 63,241
57 Korea (South) 13,936 13,045 (r) 14,834
58 Philippines 1,533 2,040 1,862
59 Thailand 696 1,382 1,252
60 Middle Eastern oil-
exporting
countries (8) 6,405 7,110 6,874
61 Other 3,827 4,460 4,939
62 Africa 1,992 2,051 1,850
63 Egypt 544 558 55,142
64 Morocco 45 49 42
65 South Africa 577 565 468
66 Congo (formerly
Zaire) 0 0 0
67 Oil-exporting
countries (9) 224 257 215
68 Other 602 622 574
69 Other countries 5,925 7,151 7,648
70 Australia 5,403 6,350 6,887
71 New Zealand (10) 507 745 6,411
72 All other 15 96 121
73 Nonmonetary interna-
tional and regional
organizations (11) 3,355 4,030 4,626
(1.) Reporting banks include all types of depository institutions as
well as bank/financial holding companies and brokers and dealers.
Effective February 2003, coverage is expanded to include claims of
brokers and dealers on affiliated foreign offices and cross-border
brokerage balances.
(2.) Before January 2001, combined data reported for
Belgium-Luxembourg.
(3.) Before January 2001, data included in United Kingdom.
(4.) In February 2003, Yugoslavia changed its name to Serbia and
Montenegro. Data for other entities of the former Yugoslavia recognized
as independent states by the United States are reported under "Other
Europe."
(5.) Includes the Bank for International Settlements and the European
Central Bank.
(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 2002 2001 2002
1 Total claims reported
by banks 1,095,869 1,254,861 1,298,412 (r)
2 Banks' own claims on
foreigners 904,642 1,055,069 1,080,271
3 Foreign official
institutions (2) 37,907 49,414 48,750
4 Foreign banks (3) 725,380 849,491 868,631
5 Other foreigners (4) 141,355 156,174 162,890
6 Claims on banks'
domestic
customers (5) 191,227 199,794 218,141 (r)
7 Non-negotiable
deposits 100,352 93,565 80,269 (r)
8 Negotiable CDs ... ... ...
9 Other short-term
negotiable
instruments (6) 78,147 90,412 131.780 (r)
10 Other claims 12,728 15,817 6,092 (r)
MEMO
11 Non-negotiable
deposits (7) ... ... ...
12 Negotiable CDs (7) ... ... ...
13 Other short-term
negotiable
instruments (7) ... ... ...
14 Other claims (7) n.a. n.a. n.a.
15 Own foreign
offices (8) 630,137 749,124 787,198
16 Loans collateralized
by repurchase
agreements (9) ... 137,979 161,585
2002
Type of claim
Oct. Nov. Dec.
1 Total claims reported
by banks ... ... 1,298,412 (r)
2 Banks' own claims on
foreigners 1,151,438 1,094,649 1,080,271
3 Foreign official
institutions (2) 63,404 56,300 48,750
4 Foreign banks (3) 917,047 874,469 868,631
5 Other foreigners (4) 170,987 163,880 162,890
6 Claims on banks'
domestic
customers (5) ... ... 218,141 (r)
7 Non-negotiable
deposits ... ... 80,269 (r)
8 Negotiable CDs ... ... ...
9 Other short-term
negotiable
instruments (6) ... ... 131,780 (r)
10 Other claims ... ... 6,092 (r)
MEMO
11 Non-negotiable
deposits (7) ... ... ...
12 Negotiable CDs (7) ... ... ...
13 Other short-term
negotiable
instruments (7) ... ... ...
14 Other claims (7) n.a. n.a. n.a.
15 Own foreign
offices (8) 822,172 775,527 787,198
16 Loans collateralized
by repurchase
agreements (9) 166,176 156,299 161,585
2003
Type of claim
Jan. Feb. (r) Mar. (r)
1 Total claims reported
by banks ... ... 261,698
2 Banks' own claims on
foreigners 1,083,390 1,138,619 1,219,025
3 Foreign official
institutions (2) 62,004 39,677 50,957
4 Foreign banks (3) 854,787 835,110 873,291
5 Other foreigners (4) 166,599 263,832 294,777
6 Claims on banks'
domestic
customers (5) ... ... 261,698
7 Non-negotiable
deposits ... ... 98,891
8 Negotiable CDs ... ... 87,925
9 Other short-term
negotiable
instruments (6) ... ... 58,025
10 Other claims ... ... 16,857
MEMO
11 Non-negotiable
deposits (7) ... 354,153 371,860
12 Negotiable CDs (7) ... 2,221 2,621
13 Other short-term
negotiable
instruments (7) ... 17,775 21,306
14 Other claims (7) n.a. 764,470 823,238
15 Own foreign
offices (8) 768,492 806,238 847,355
16 Loans collateralized
by repurchase
agreements (9) 185,804 245,798 287,043
2003
Type of claim
Apr. (p)
1 Total claims reported
by banks ...
2 Banks' own claims on
foreigners 1,234,275
3 Foreign official
institutions (2) 47,837
4 Foreign banks (3) 888,378
5 Other foreigners (4) 298,060
6 Claims on banks'
domestic
customers (5) ...
7 Non-negotiable
deposits ...
8 Negotiable CDs ...
9 Other short-term
negotiable
instruments (6) ...
10 Other claims ...
MEMO
11 Non-negotiable
deposits (7) 394,368
12 Negotiable CDs (7) 1,741
13 Other short-term
negotiable
instruments (7) 14,652
14 Other claims (7) 823,514
15 Own foreign
offices (8) 854,911
16 Loans collateralized
by repurchase
agreements (9) 311,728
(1.) For banks' claims, data are monthly; for claims of banks' domestic
customer, data are for the quarter ending with the month indicated.
Reporting banks include all types of depository institutions as well as
banks/financial holding companies and brokers and dealers. Effective
February 2003, coverage is expanded to include claims of brokers and
dealers on affiliated foreign offices and cross-border balances.
dealers.
(2.) Prior to February 2003, reflects claims on all foreign public
borrowers.
(3.) Includes positions with affiliated banking offices also included
in memo line (15) below.
(4.) As of February 2003, includes positions with affiliated
non-banking others also included in memo line (15) below.
(5.) Assets held by reporting banks in the accounts of their domestic
customers. Effective March 2003, includes balances in off-shore sweep
accounts.
(6.) Primarily bankers acceptances and commercial paper. Prior to
February 2003, also includes negotiable cenificates of deposit.
(7.) Data available beginning February 2003.
(8.) 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 minority 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. Effective February 2003, includes
amounts due from affiliated foreign offices of U.S. brokers and
dealers.
(9.) Data available beginning January 2001.
3.22 LIABILITIES TO UNAFFILIATED FOREIGNERS Reported by Nonbanking
Business Enterprises in the United States
Millions of dollars, end of period
Type of liability, 1999 (r) 2000 (r) 2001 (r)
and area or country
1 Total 53,020 73,904 66,679
By type
2 Financial liabilities 27,980 47,419 41,034
3 Short-term
negotiable
securities (1) n.a. n.a. n.a.
4 Other liabilities (1) n.a. n.a. n.a.
Of which:
5 Borrowings (1) n.a. n.a. n.a.
6 Repurchase
agreements (1) n.a. n.a. n.a.
By currency
7 U.S. dollars n.a. 25,246 18,763
8 Foreign currency (2) n.a. 22,173 22,271
9 Canadian dollars n.a. n.a. n.a.
10 Euros n.a. n.a. n.a.
11 United Kingdom
pounds sterling n.a. n.a. n.a.
12 Japanese yen n.a. n.a. n.a.
13 All other
currencies n.a. n.a. n.a.
By area or country
Financial liabilities
14 Europe 23,241 34,172 31,806
15 Belgium-
Luxembourg 31 147 154
16 France 1,659 1,480 2,841
17 Germany 1,974 2,168 2,344
18 Netherlands 1,996 2,016 1,954
19 Switerzerland 147 104 94
20 United Kingdom 16,521 26,362 22,852
MEMO:
21 Euro area (3) n.a. 7,587 8,798
22 Canada 284 411 955
23 Latin America and
Caribbean 892 4,125 2,858
24 Bahamas 1 6 157
25 Bermuda 5 1,739 960
26 Brazil 126 148 35
27 British West
Indies (4) 492 406 1,627
28 Cayman Islands n.a. n.a. n.a.
29 Mexico 25 26 36
30 Venezuela 0 2 2
31 Asia 3,437 7,965 5,042
32 Japan 3,142 6,216 3,269
33 Middle Eastern
oil-exporting
countries (5) 4 12 10
34 Africa 28 52 53
35 Oil-exporting
countries (6) 0 0 5
36 All other (7) 98 694 320
2001 2002
Type of liability,
and area or country Sept. (r) Dec. (r) Mar. (r) June (r)
1 Total 53,476 66,679 74,887 70,431
By type
2 Financial liabilities 27,502 41,034 46,408 42,826
3 Short-term
negotiable
securities (1) n.a. n.a. n.a. n.a.
4 Other liabilities (1) n.a. n.a. n.a. n.a.
Of which:
5 Borrowings (1) n.a. n.a. n.a. n.a.
6 Repurchase
agreements (1) n.a. n.a. n.a. n.a.
By currency
7 U.S. dollars n.a. n.a. 20,454 22,050
8 Foreign currency (2) n.a. n.a. 25,954 20,776
9 Canadian dollars n.a. n.a. n.a. n.a.
10 Euros n.a. n.a. n.a. n.a.
11 United Kingdom
pounds sterling n.a. n.a. n.a. n a.
12 Japanese yen n.a. n.a. n.a. n.a.
13 All other
currencies n.a. n.a. n.a. n.a.
By area or country
Financial liabilities
14 Europe 22,083 31,806 39,379 35,004
15 Belgium-
Luxembourg 76 154 119 120
16 France 1,538 2,841 3,531 4,071
17 Germany 1,994 2,344 2,982 2,622
18 Netherlands 1,998 1,954 1,946 1,935
19 Switerzerland 92 94 84 61
20 United Kingdom 14,819 22,852 28,694 24,338
MEMO:
21 Euro area (3) n.a. n.a. 9,991 10,107
22 Canada 436 955 1,067 1,078
23 Latin America and
Caribbean 414 2,858 1,547 1,832
24 Bahamas 5 157 5 5
25 Bermuda 47 960 836 626
26 Brazil 22 35 35 38
27 British West
Indies (4) 243 1,627 612 1,000
28 Cayman Islands n.a. n.a. n.a n.a.
29 Mexico 24 36 27 25
30 Venezuela 3 2 1 5
31 Asia 3,869 5,042 4,020 4,498
32 Japan 3,442 3,269 3,299 2,387
33 Middle Eastern
oil-exporting
countries (5) 9 10 15 14
34 Africa 28 53 122 120
35 Oil-exporting
countries (6) 5 5 91 91
36 All other (7) 672 320 273 294
2002
Type of liability,
and area or country Sept. (r) Dec.
1 Total 68,225 67,664
By type
2 Financial liabilities 41,311 39,561
3 Short-term
negotiable
securities (1) n.a. n.a.
4 Other liabilities (1) n.a. n.a.
Of which:
5 Borrowings (1) n.a. n.a.
6 Repurchase
agreements (1) n.a. n.a.
By currency
7 U.S. dollars 18,913 18,844
8 Foreign currency (2) 22,398 20,717
9 Canadian dollars n.a. n.a.
10 Euros n.a. n.a.
11 United Kingdom
pounds sterling n.a. n.a.
12 Japanese yen n.a. n.a.
13 All other
currencies n.a. n.a.
By area or country
Financial liabilities
14 Europe 34,809 34,335
15 Belgium-
Luxembourg 232 144
16 France 3,517 5,243
17 Germany 2,865 2,923
18 Netherlands 1,915 1,825
19 Switerzerland 61 61
20 United Kingdom 24,303 22,531
MEMO:
21 Euro area (3) 10,369 11,211
22 Canada 583 591
23 Latin America and
Caribbean 1,088 1,504
24 Bahamas 0 23
25 Bermuda 588 990
26 Brazil 65 65
27 British West
Indies (4) 377 365
28 Cayman Islands n.a. n.a.
29 Mexico 26 31
30 Venezuela 1 1
31 Asia 4,450 2,932
32 Japan 2,447 1,832
33 Middle Eastern
oil-exporting
countries (5) 16 14
34 Africa 128 131
35 Oil-exporting
countries (6) 91 91
36 All other (7) 253 68
3.22 LIABILITIES TO UNAFFILIATED FOREIGNERS Reported by Nonbanking
Business Enterprises in the United States
Millions of dollars, end of period
Type of liability, 1999 (r) 2000 (r) 2000 (r)
and area or country
37 Commercial
liabilities 25,040 26,485 25,645
38 Trade payable 12,834 14,293 11,781
39 Advance payments
and other
liabilities n.a. 12,192 13,864
By currency
40 Payable in U.S.
dollars 23,722 23,685 24,162
41 Payable in foreign
currencies (2) 1,318 2,800 1,483
42 Canadian dollars n.a. n.a. n.a.
43 Euros n.a. n.a. n.a.
44 United Kingdom
pounds sterling n.a. n.a. n.a.
45 Japanese yen n.a. n.a. n.a.
46 All other
currencies n.a. n.a. n.a.
By area or country
Commercial
liabilities
47 Europe 9,262 9,629 9,219
48 Belgium-Luxembourg 140 293 99
49 France 672 979 734
50 Germany 1,131 1,047 905
51 Netherlands 507 300 1,163
52 Switzerland 626 502 790
53 United Kingdom 3,071 2,847 2,279
MEMO
54 Euro area (3) n.a. 4,518 5,141
55 Canada 1,775 1,933 1,622
56 Latin America and
Caribbean 2,310 2,381 2,727
57 Bahamas 22 31 52
58 Bermuda 152 281 591
59 Brazil 145 114 290
60 British West Indies
(4) 48 76 45
61 Cayman Islands n.a. n.a. n.a.
62 Mexico 887 841 899
63 Venezuela 305 284 166
64 Asia 9,886 10,983 10,517
65 Japan 1,775 1,933 1,622
66 Middle Eastern
oil-exporting
countries (5) 2,493 2,832 2,639
67 Africa 950 948 836
68 Oil-exporting
countries (5) 499 483 436
69 All other (7) 881 611 724
MEMO
70 Financial liabilities
to foreign
affilliates (8) n.a. n.a. n.a.
2001 2002
Type of liability,
and area or country Sept. (r) Dec. (r) Mar. (r) June (r)
37 Commercial
liabilities 25,974 25,645 28,479 27,605
38 Trade payable 11,690 11,781 15,119 14,205
39 Advance payments
and other
liabilities n.a. n.a. 13,360 13,400
By currency
40 Payable in U.S.
dollars 23,891 24,162 26,715 26,004
41 Payable in foreign
currencies (2) 2,083 1,483 1,764 1,601
42 Canadian dollars n.a. n.a. n.a. n.a.
43 Euros n.a. n.a. n.a. n.a.
44 United Kingdom
pounds sterling n.a. n.a. n.a. n.a.
45 Japanese yen n.a. n.a. n.a. n.a.
46 All other
currencies n.a. n.a. n.a. n.a.
By area or country
Commercial
liabilities
47 Europe 8,836 9,219 8,168 8,015
48 Belgium-Luxembourg 160 99 105 94
49 France 891 734 713 827
50 Germany 955 905 584 570
51 Netherlands 343 1,163 236 312
52 Switzerland 683 790 648 749
53 United Kingdom 2,296 2,279 2,747 2,551
MEMO
54 Euro area (3) n.a. n.a. 3,673 3,718
55 Canada 1,557 1,622 1,802 2,027
56 Latin America and
Caribbean 2,878 2,727 3,515 2,817
57 Bahamas 44 52 23 12
58 Bermuda 5,711 591 433 422
59 Brazil 312 29 277 3,211
60 British West Indies
(4) 28 45 67 46
61 Cayman Islands n.a. n.a. n.a. n.a.
62 Mexico 883 899 1,518 1,015
63 Venezuela 242 166 281 204
64 Asia 11,096 10,517 13,116 12,866
65 Japan 1,557 1,622 1,802 2,027
66 Middle Eastern
oil-exporting
countries (5) 3,002 2,598 3,289 3,432
67 Africa 938 836 1,000 916
68 Oil-exporting
countries (5) 471 436 454 349
69 All other (7) 669 724 878 964
MEMO
70 Financial liabilities
to foreign
affilliates (8) n.a. n.a. n.a. n.a.
2002
Type of liability,
and area or country Sept. (r) Dec.
37 Commercial
liabilities 26,914 28,103
38 Trade payable 13,819 14,699
39 Advance payments
and other
liabilities 13,095 13,404
By currency
40 Payable in U.S.
dollars 25,621 26,243
41 Payable in foreign
currencies (2) 1,293 1,860
42 Canadian dollars n.a. n.a.
43 Euros n.a. n.a.
44 United Kingdom
pounds sterling n.a. n.a.
45 Japanese yen n.a. n.a.
46 All other
currencies n.a. n.a.
By area or country
Commercial
liabilities
47 Europe 8,065 8,257
48 Belgium-Luxembourg 134 141
49 France 718 765
50 Germany 855 8,117
51 Netherlands 506 5,911
52 Switzerland 592 433
53 United Kingdom 2,317 2,649
MEMO
54 Euro area (3) 4,258 4,200
55 Canada 1,570 1,588
56 Latin America and
Caribbean 2,923 3,073
57 Bahamas 14 51
58 Bermuda 468 538
59 Brazil 290 253
60 British West Indies
(4) 47 36
61 Cayman Islands n.a. n.a.
62 Mexico 1,070 1,170
63 Venezuela 327 177
64 Asia 12,462 13,382
65 Japan 1,570 1,588
66 Middle Eastern
oil-exporting
countries (5) 3,857 3,979
67 Africa 876 827
68 Oil-exporting
countries (5) 445 405
69 All other (7) 1,018 976
MEMO
70 Financial liabilities
to foreign
affilliates (8) n.a. n.a.
(1.) Data available beginning March 2003.
(2.) Foreign currency detail available beginning March 2003.
(3.) Comprises Austria, Belgium, Finland, France, Germany, Ireland,
Italy, Luxembourg, Netherlands, Portugal, and Spain. As of December
2001, also includes Greece.
(4.) Beginning March 2013, data for the Cayman Islands replaced data
for the British West Indies.
(5.) Comprises Bahrain, Iran, Kuwait, Oman, Qatar, Saudi Arabia, and
United Arab Emirates (Trucial Stales).
(6.) Comprises Algeria, Gabon, Libya, and Nigeria.
(7.) Includes nonmonetary international and regional organizations.
(8.) Data available beginning March 2003. Includes financial
liabilities to foreign affiliates of insurance underwriting
subsidiaries of Bank/Financial Bolding Companies and other financial
intermediaries. These data are not included in lines 1-6 above.
3.23 CLAIMS ON UNAFFILIATED FOREIGNERS Reported by Nonbanking Business
Enterprises in the United States
Millions of dollars, end of period
Type of claim, and 1999 (r) 2000 (r) 2001 (r)
area or country
1 Total 76,642 90,157 113,082 (r)
By type
2 Financial claims 40,231 53,031 81,287 (r)
3 Non negotiable
deposits n.a. 23,374 29,801 (r)
4 Negotiable securities n.a. 29,657 51,486 (r)
Of which:
5 Negotiable CDs (1) n.a. n.a. n.a.
6 Other claims 21,665 29,657 51,486 (r)
Of which
7 Loans n.a. n.a. n.a.
8 Repurchase
agreements (1) n.a. n.a. n.a.
By currency
9 U.S. dollars n.a. 46,157 74,471 (r)
10 Foreign Currency (2) n.a. 6,874 6,816 (r)
11 Canadian dollars n.a. n.a. n.a.
12 Euros n.a. n.a. n.a.
13 United Kingdom
pounds sterling n.a. n.a. n.a.
14 Japanese yen n.a. n.a. n.a.
15 All other
currencies n.a. n.a. n.a.
By area or country
Financial claims
16 Europe 13,023 23,136 26,118 (r)
17 Belgium-
Luxembourg 529 296 625
18 France 967 1,206 1,450
19 Germany 504 848 1,068 (r)
20 Netherlands 1,229 1,396 2,138
21 Switrzerland 643 699 589
22 United Kingdom 7,561 15,900 16,510 (r)
MEMO:
23 Euro area (3) n.a. 5,580 8,626 (r)
24 Canada 2,553 4,576 6,193 (r)
25 Latin America and
Caribbean 18,206 19,317 41,201 (r)
26 Bahamas 1,593 1,353 976 (r)
27 Bermuda 11 19 918 (r)
28 Brazil 1,476 1,827 2,127 (r)
29 British West Indies
(4) 12,099 12,596 32,965 (r)
30 Cayman Islands n.a. n.a. n.a.
31 Mexico 1,798 2,448 3,075 (r)
32 Venezuela 48 87 83 (r)
33 Asia 5,457 4,697 6,430 (r)
34 Japan 3,262 1,631 1,604 (r)
35 Middle Eastern
oil-exporting
countries (5) 23 80 135
36 Africa 286 411 414 (r)
37 Oil exporting
countries (6) 15 57 49 (r)
38 All other (7) 706 894 931 (r)
39 Commercial claims 36,411 37,126 31,795 (r)
40 Trade receivables 32,602 33,104 27,513 (r)
41 Advance payments and
other claims 3,809 4,022 4,282 (r)
By currency
42 Payable in U.S.
dollars 34,204 33,401 29,393 (r)
43 Payable in foreign
currencies (2) 2,207 3,725 2,402 (r)
44 Canadian dollars n.a. n.a. n.a.
45 Earos n.a. n.a. n.a.
46 United Kingdom
pounds sterling n.a. n.a. n.a.
47 Japanese yen n.a. n.a. n.a.
48 All other currencies n.a. n.a. n.a.
By area or country
Commercial claims
49 Europe 16,389 15,938 14,022 (r)
50 Belgium-Luxembourg 316 452 268 (r)
51 France 2,236 3,095 2,921 (r)
52 Germany 1,960 1,982 1,658 (r)
53 Netherlands 1,429 1,729 529 (r)
54 Switzerland 610 763 611 (r)
55 United Kingdom 5,827 4,502 3,833 (r)
MEMO
56 Euro area (3) n.a. 8,819 7,961 (r)
57 Canada 2,757 3,502 2,818 (r)
58 Latin America and
Caribbean 5,959 5,851 4,859
59 Bahamas 20 37 42
60 Bermuda 390 376 369
61 Brazil 905 957 954
62 British West
Indies (4) 181 137 95
63 Cayman Islands n.a. n.a. n.a.
64 Mexico 1,678 1,507 1,391
65 Venezuela 439 328 288
66 Asia 9,165 9,630 7,849
67 Japan 2,074 2,796 2,006
68 Middle Eastern
oil-exporting
countries (5) 1,573 1,024 850
69 Africa 631 672 645
70 Oil-exporting
countries (6) 171 180 88
71 All other (7) 1,537 1,533 1,602
MEMO
72 Financial claims on
foreign
affiliates (8) n.a. n.a. n.a.
Type of claim, and 2001 2002
area or country Sept. (r) Dec. (r) Mar. (r)
1 Total 93,988 113,082 115,969
By type
2 Financial claims 60,015 81,287 85,359
3 Non negotiable
deposits n.a. n.a. 41,813
4 Negotiable securities n.a. n.a. 43,546
Of which:
5 Negotiable CDs (1) n.a. n.a. n.a.
6 Other claims n.a. 37,624 n.a.
Of which
7 Loans n.a. n.a. n.a.
8 Repurchase
agreements (1) n.a. n.a. n.a.
By currency
9 U.S. dollars n.a. n.a. 79,722
10 Foreign Currency (2) n.a. n.a. 5,637
11 Canadian dollars n.a. n.a. n.a.
12 Euros n.a. n.a. n.a.
13 United Kingdom
pounds sterling n.a. n.a. n.a.
14 Japanese yen n.a. n.a. n.a.
15 All other
currencies n.a. n.a. n.a.
By area or country
Financial claims
16 Europe 23,069 26,118 36,032
17 Belgium-
Luxembourg 372 625 751
18 France 1,682 1,450 3,489
19 Germany 1,112 1,068 4,114
20 Netherlands 954 2,138 3,253
21 Switrzerland 665 589 308
22 United Kingdom 15,670 16,510 17,982
MEMO:
23 Euro area (3) n.a. n.a. 16,903
24 Canada 4,254 6,193 5,471
25 Latin America and
Caribbean 26,099 41,201 34,979
26 Bahamas 649 976 1,197
27 Bermuda 80 918 611
28 Brazil 2,065 2,127 1,892
29 British West Indies
(4) 19,234 32,965 27,328
30 Cayman Islands n.a. n.a. n.a.
31 Mexico 2,910 3,075 2,777
32 Venezuela 80 83 79
33 Asia 5,274 6,430 6,414
34 Japan 1,761 1,604 2.051
35 Middle Eastern
oil-exporting
countries (5) 100 135 79
36 Africa 428 414 390
37 Oil exporting
countries (6) 83 49 51
38 All other (7) 891 931 2,073
39 Commercial claims 33,973 31,795 30,610
40 Trade receivables 29,240 27,513 25,845
41 Advance payments and
other claims 4,733 4,282 4,765
By currency
42 Payable in U.S.
dollars 31,240 29,393 26,864
43 Payable in foreign
currencies (2) 2,733 2,402 3,746
44 Canadian dollars n.a. n.a. n.a.
45 Earos n.a. n.a. n.a.
46 United Kingdom
pounds sterling n.a. n.a. n.a.
47 Japanese yen n.a. n.a. n.a.
48 All other currencies n.a. n.a. n.a.
By area or country
Commercial claims
49 Europe 14,364 14,022 12,935
50 Belgium-Luxembourg 353 268 272
51 France 3,061 2,921 2,883
52 Germany 1,973 1,658 1,198
53 Netherlands 843 529 642
54 Switzerland 514 611 436
55 United Kingdom 3,564 3,833 3,579
MEMO
56 Euro area (3) n.a. n.a. 7,237
57 Canada 3,076 2,818 2,760
58 Latin America and
Caribbean 5,567 4,859 4,912
59 Bahamas 35 42 42
60 Bermuda 526 369 422
61 Brazil 1,176 954 837
62 British West
Indies (4) 124 95 73
63 Cayman Islands n.a. n.a. n.a.
64 Mexico 1,427 1,391 1,225
65 Venezuela 301 288 312
66 Asia 8,697 7,849 7,513
67 Japan 2,437 2,106 1,975
68 Middle Eastern
oil-exporting
countries (5) 892 833 657
69 Africa 838 645 630
70 Oil-exporting
countries (6) 170 88 109
71 All other (7) 1,431 1,602 1,860
MEMO
72 Financial claims on
foreign
affiliates (8) n.a. n.a. n.a.
Type of claim, and 2002
area or country June (r) Sept. (r) Dec.
1 Total 116,608 112,784 102,566
By type
2 Financial claims 87,331 84,038 71,389
3 Non negotiable
deposits 42,136 38,074 27,064
4 Negotiable securities 45,195 45,964 44,325
Of which:
5 Negotiable CDs (1) n.a. n.a. n.a.
6 Other claims 45,188 45,959 44,064
Of which
7 Loans n.a. n.a. n.a.
8 Repurchase
agreements (1) n.a. n.a. n.a.
By currency
9 U.S. dollars 82,353 79,307 65,070
10 Foreign Currency (2) 4,978 4,731 6,319
11 Canadian dollars n.a. n.a. n.a.
12 Euros n.a. n.a. n.a.
13 United Kingdom
pounds sterling n.a. n.a. n.a.
14 Japanese yen n.a. n.a. n.a.
15 All other
currencies n.a. n.a. n.a.
By area or country
Financial claims
16 Europe 37,003 32,139 29,018
17 Belgium-
Luxembourg 797 656 722
18 France 3,921 3,854 3,247
19 Germany 3,972 4,292 4,245
20 Netherlands 3,995 4,024 3,648
21 Switrzerland 1,010 1,135 383
22 United Kingdom 16,133 11,454 10,663
MEMO:
23 Euro area (3) 18,689 18,542 17,281
24 Canada 5,537 5,485 5,013
25 Latin America and
Caribbean 37,489 38,800 29,612
26 Bahamas 1,332 715 1,038
27 Bermuda 704 1,157 724
28 Brazil 2,036 2,226 2,286
29 British West Indies
(4) 29,569 30,837 21,528
30 Cayman Islands n.a. n.a. n.a.
31 Mexico 2,832 2,871 2,921
32 Venezuela 60 71 104
33 Asia 5,754 6,041 5,358
34 Japan 1,146 1,481 1,277
35 Middle Eastern
oil-exporting
countries (5) 78 88 79
36 Africa 431 379 395
37 Oil exporting
countries (6) 64 29 25
38 All other (7) 1,117 1,194 1,993
39 Commercial claims 29,277 28,746 31,177
40 Trade receivables 24,716 24,171 26,385
41 Advance payments and
other claims 4,561 4,575 4,792
By currency
42 Payable in U.S.
dollars 25,361 25,441 26,481
43 Payable in foreign
currencies (2) 3,916 3,305 4,696
44 Canadian dollars n.a. n.a. n.a.
45 Earos n.a. n.a. n.a.
46 United Kingdom
pounds sterling n.a. n.a. n.a.
47 Japanese yen n.a. n.a. n.a.
48 All other currencies n.a. n.a. n.a.
By area or country
Commercial claims
49 Europe 12,314 12,680 14,187
50 Belgium-Luxembourg 207 254 269
51 France 2,828 2,972 3,164
52 Germany 1,163 1,158 1,202
53 Netherlands 832 1,089 1,490
54 Switzerland 472 404 503
55 United Kingdom 3,387 3,236 3,727
MEMO
56 Euro area (3) 7,106 7,707 8,580
57 Canada 2,752 2,623 2,790
58 Latin America and
Caribbean 4,530 4,324 4,346
59 Bahamas 28 35 31
60 Bermuda 214 270 287
61 Brazil 829 862 750
62 British West
Indies (4) 26 12 19
63 Cayman Islands n.a. n.a. n.a.
64 Mexico 1,283 1,184 1,259
65 Venezuela 316 340 288
66 Asia 7,309 6,778 7,324
67 Japan 2,064 2,083 2,341
68 Middle Eastern
oil-exporting
countries (5) 889 819 818
69 Africa 605 637 584
70 Oil-exporting
countries (6) 94 107 95
71 All other (7) 1,767 1,704 1,946
MEMO
72 Financial claims on
foreign
affiliates (8) n.a. n.a. n.a.
(1.) Data available beginning March 2003.
(2.) Foreign currency detail available beginning March 2003.
(3.) Comprises Austria, Belgium, Finland, France, Germany, Ireland,
Italy, Luxembourg, Netherlands, Portugal, and Spain. As of December
2001, also includes Greece.
(4.) Beginning March 2003, data for the Cayman Islands replaced data
for the British West Indies.
(5.) Comprises Bahrain, Iran, Kuwait, Oman, Qatar, Saudi Arabia, and
United Arab Emirates (Trucia States).
(6.) Comprises Algeria, Gabon. Libya, and Nigeria.
(7.) Includes nonmonetary international and regional organizations.
(8.) Data available beginning March 2003. Includes financial
liabilities to foreign affiliates of insurance underwriting
subsidiaries of Bank/Financial Holding Companies and other financial
intermediaries. These data are not included in lines 1-8 above.
3.24 FOREIGN TRANSACTIONS IN SECURITIES
Millions of dollars
Transaction, 2001 2002 2003 2002
and area or country Jan.-Apr. Oct.
U.S. corporate securities
STOCKS
1 Foreign purchases 3,051,332 3,202,907 888,010 297,181
2 Foreign sales 2,934,942 3,153,465 885,684 293,565
3 Net purchases, or
sales (-) 116,390 49,442 2,326 3,616
4 Foreign countries 116,187 49,495 2,370 3,610
5 Europe 88,099 33,006 1,321 2,187
6 France 5,914 2,127 645 982
7 Germany 8,415 -127 -1,029 276
8 Netherlands 10,919 4,535 -148 760
9 Switzerland 3,456 2,656 -1,638 -176
10 United Kingdom 38,493 15,173 -302 14
11 Channel Islands and
Isle of Man (1) -698 -255 -17 94
12 Canada 10,984 7,433 4,802 342
13 Latin America and
Caribbean -5,154 -15,436 -5,658 -2,874
14 Middle East (2) 1,789 -1,293 -151 -9
15 Other Asia 20,726 22,682 4,466 3,985
16 Japan 6,788 12,337 416 -7
17 Africa -366 -72 68 -22
18 Other countries 109 3,175 -2,478 82
19 Nonmonetary inter-
national and
regional
organizations 203 -53 -44 6
BONDS (3)
20 Foreign purchases 1,942,690 2,549,825 1,051,129 217,402
21 Foreign sales 1,556,745 2,172,047 894,341 185,366
22 Net purchases, or
sales (-) 385,945 377,778 156,788 32,036
23 Foreign countries 385,179 377,515 156,756 31,632
24 Europe 195,412 167,572 89,996 16,912
25 France 5,028 3,771 1,659 1,089
26 Germany 12,362 5,149 14,119 -71
27 Netherlands 1,538 -406 123 149
28 Switzerland 5,721 8,521 4,310 355
29 United Kingdom 152,772 109,836 54,567 9,852
30 Channel Islands and
Isle of Man (1) 2,000 11,173 13,787 2,239
31 Canada 4,595 -1,037 -124 540
32 Latin America and
Caribbean 77,019 82,837 12,367 4,339
33 Middle East (2) 2,337 2,315 651 196
34 Other Asia 106,400 121,470 53,259 10,126
35 Japan 33,687 48,482 18,626 5,505
36 Africa 760 860 1,059 -18
37 Other countries -1,144 3,498 -152 -83
38 Nonmonetary
international and
regional 566 263 32 404
organizations
Foreign securities
39 Stocks, net purchases,
or sales (-) -50,113 -1,629 -14,661 -6,156
40 Foreign purchases 1,397,664 1,260,278 369,467 100,763
41 Foreign sales 1,447,777 1,261,907 384,128 106,919
42 Bonds, net purchases,
or sales (-) 30,502 28,406 8,682 6,920
43 Foreign purchases 1,160,102 1,377,020 582,115 121,139
44 Foreign sales 1,129,600 1,348,614 573,433 116,219
45 Net purchases, or
sales (-), of stocks
and bonds -19,611 26,777 -5,979 764
46 Foreign countries -19,024 26,814 -5,790 711
47 Europe -12,108 15,407 4,019 674
48 Canada 2,943 4,849 3,591 -1.281
49 Latin America and
Caribbean 4,315 4,562 -16,675 -32
50 Asia -11,869 1,591 2,418 1,694
51 Japan -20,116 -9,119 1,095 13
52 Africa -558 -379 -73 104
53 Other countries -1,747 784 731 -148
54 Nonmonetary
international and
regional
organizations -587 -37 11 53
Transaction, 2002 2003
and area or country Nov. Dec. Jan.
U.S. corporate securities
STOCKS
1 Foreign purchases 264,359 216,659 216,695
2 Foreign sales 257,879 214,243 219,477
3 Net purchases, or
sales (-) 6,480 2,416 -2,782
4 Foreign countries 6,473 2,400 -2,759
5 Europe 4,407 4,883 -2,187
6 France -323 676 206
7 Germany 31 518 -64
8 Netherlands 629 792 366
9 Switzerland 1,581 909 -724
10 United Kingdom 2,062 784 -2,761
11 Channel Islands and
Isle of Man (1) 23 -22 -2
12 Canada 47 746 1,480
13 Latin America and
Caribbean 2,692 -2,348 -3,089
14 Middle East (2) -232 71 -72
15 Other Asia -775 -894 1,288
16 Japan -961 -1,131 561
17 Africa -16 -20 38
18 Other countries 350 -38 -217
19 Nonmonetary inter-
national and
regional
organizations 7 16 -23
BONDS (3)
20 Foreign purchases 259,305 207,380 229,445
21 Foreign sales 218,351 178,510 180,749
22 Net purchases, or
sales (-) 40,954 28,870 47,696
23 Foreign countries 40,914 28,684 47,840
24 Europe 17,116 10,526 27,942
25 France 383 -434 11,192
26 Germany 558 1,249 545
27 Netherlands -61 -19 118
28 Switzerland 743 304 1,154
29 United Kingdom 8,812 6,768 15,960
30 Channel Islands and
Isle of Man (1) 4,917 959 5,420
31 Canada -757 -2,180 -892
32 Latin America and
Caribbean 5,471 7,379 6,564
33 Middle East (2) 387 -120 591
34 Other Asia 18,374 12,944 13,593
35 Japan 10,456 4,863 4,025
36 Africa 56 28 53
37 Other countries 267 107 -11
38 Nonmonetary
international and
regional 40 186 -144
organizations
Foreign securities
39 Stocks, net purchases,
or sales (-) -981 -2,751 -6,893
40 Foreign purchases 101,821 81,804 94,622
41 Foreign sales 102.802 84,555 101,515
42 Bonds, net purchases,
or sales (-) 2,269 -5.157 -1,915
43 Foreign purchases 137,931 117,917 140,513
44 Foreign sales 135,662 123,074 142,428
45 Net purchases, or
sales (-), of stocks
and bonds 1,288 -7,908 -8,808
46 Foreign countries 1,300 -7,922 -8,829
47 Europe 6,105 -9,095 -5,090
48 Canada -167 712 3,890
49 Latin America and
Caribbean 518 1,045 -7,886
50 Asia -5,256 -987 -261
51 Japan -6,617 -2,039 -1,233
52 Africa 100 40 -55
53 Other countries 0 363 573
54 Nonmonetary
international and
regional
organizations -12 14 21
Transaction, 2003
and area or country Feb. Mar. Apr. (p)
U.S. corporate securities
STOCKS
1 Foreign purchases 201,372 236,668 233,275
2 Foreign sales 203,461 233,828 228,918
3 Net purchases, or
sales (-) -21,189 28,411 4,357
4 Foreign countries -2,091 2,860 4,360
5 Europe 1,898 1,360 250
6 France 270 1,816 -1,647
7 Germany -67 -780 -118
8 Netherlands -75 651 -1,090
9 Switzerland -991 -22 98
10 United Kingdom 1,938 258 779
11 Channel Islands and
Isle of Man (1) -17 -42 44
12 Canada -1,594 2,376 2,540
13 Latin America and
Caribbean -2,261 -1,538 1,230
14 Middle East (2) -21 -51 -7
15 Other Asia 2,773 478 -73
16 Japan 1,008 -60 -1,093
17 Africa -9 -29 68
18 Other countries -2,877 264 352
19 Nonmonetary inter-
national and
regional
organizations 2 -20 -3
BONDS (3)
20 Foreign purchases 207,458 307,651 307,575
21 Foreign sales 184,557 263,306 265,729
22 Net purchases, or
sales (-) 22,901 44,345 41,846
23 Foreign countries 23,066 44,414 41,436
24 Europe 16,318 20,746 24,990
25 France 63 142 362
26 Germany 999 -180 45
27 Netherlands 611 -2 -604
28 Switzerland 859 1,034 1,263
29 United Kingdom 6,826 14,772 17,009
30 Channel Islands and
Isle of Man (1) 1,533 4,138 2,696
31 Canada 193 1,169 -894
32 Latin America and
Caribbean -6,379 10,217 1,965
33 Middle East (2) 42 37 -19
34 Other Asia 12,767 11,038 15,861
35 Japan 4,566 1,456 8,579
36 Africa 80 779 147
37 Other countries 45 428 -614
38 Nonmonetary
international and
regional -165 -69 410
organizations
Foreign securities
39 Stocks, net purchases,
or sales (-) -4,474 -5,365 2,071
40 Foreign purchases 83,683 91,102 100,060
41 Foreign sales 88,157 96,467 97,989
42 Bonds, net purchases,
or sales (-) 4,493 7,315 -1,211
43 Foreign purchases 122,893 166,837 151,872
44 Foreign sales 118,400 159,522 153,083
45 Net purchases, or
sales (-), of stocks
and bonds 19 1,950 860
46 Foreign countries -77 1,969 447
47 Europe -1,592 6,268 4,432
48 Canada 603 -302 -600
49 Latin America and
Caribbean 862 -3.381 -6,270
50 Asia 194 -971 3,456
51 Japan -1,447 1,557 2,218
52 Africa -34 27 -11
53 Other countries -110 328 -60
54 Nonmonetary
international and
regional
organizations 96 -19 -87
(1.) Before January 2001, data included in United Kingdom.
(2.) Comprises oil-exportingcountries as follows: Bahrain, Iran, Iraq,
Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (Trucial
States).
(3.) Includes state and local government securities and securities of
U.S. government agencies and corporations. Also includes issues 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
Area or country 2001 2002 2003 2002
Jan.-Ap (r) Oct.
1 Total estimated 18,514 121,698 29,315 6,742
2 Foreign countries 19,200 119,687 29,279 5,994
3 Europe -20,604 44,169 -1,727 838
4 Belgium (2) -598 2,046 -512 -210
5 Germany -1,668 -3,910 -534 -469
6 Luxembourg (2) 462 -2,609 549 61
7 Netherlands -6,728 -17,020 2,659 -2,856
8 Sweden -1,190 2,923 894 -203
9 Switzerland 1,412 -508 -853 -1,727
10 United Kingdom -7,279 60,995 1,651 5,071
11 Channel Islands
and Isle of
Man (3) -179 714 175 -116
12 Other Europe and
former U.S.S.R. -4,836 538 -5,356 1,287
13 Canada -1,634 -5,198 33 -2,449
14 Latin America and
Caribbean 4,272 21,116 5,522 7,219
15 Venezuela 290 -59 153 5
16 Other Latin
America and
Caribbean 14,726 21,955 7,699 4,485
17 Netherlands
Antilles -10,744 -780 -2,330 2,729
18 Asia 36,332 55,850 24,552 -54
19 Japan 16.114 30,730 13,428 -1,313
20 Africa -880 841 152 12
21 Other 1,714 2,909 347 428
22 Nonmonetary
international and
regional
organizations -686 2,011 36 748
23 International -290 1,642 16 329
24 Latin American
Caribbean regional 41 -3 -118 4
MEMO
25 Foreign countries 19,200 119,687 29,279 5,994
26 Official
institutions 3,474 15,131 -149 -553
27 Other foreign 15,726 104,556 29,428 6,547
Oil-exporting
countries
28 Middle East (4) 865 -3.918 -6,221 913
29 Africa (5) -2 29 0 0
Area or country 2002 2003
Nov. Dec. Jan.
1 Total estimated 21,097 14,290 1,751
2 Foreign countries 21,177 13,961 1,368
3 Europe 8,847 3,186 890
4 Belgium (2) 513 -193 3,371
5 Germany 1,658 1,610 -1,183
6 Luxembourg (2) -139 -201 75
7 Netherlands 1,427 3,261 -4,085
8 Sweden 1,652 902 422
9 Switzerland 2,389 -2,543 -86
10 United Kingdom -45 -2,739 1,313
11 Channel Islands
and Isle of
Man (3) -299 -84 -11
12 Other Europe and
former U.S.S.R. 1,691 3,173 1,074
13 Canada 3,165 1,028 -698
14 Latin America and
Caribbean -1,758 6.074 -1,891
15 Venezuela -1 -73 20
16 Other Latin
America and
Caribbean 319 1,652 2,676
17 Netherlands
Antilles -2,076 4,495 -4,587
18 Asia 10,607 3,626 2,630
19 Japan 2,120 2,731 -3,512
20 Africa -17 90 84
21 Other 333 -43 353
22 Nonmonetary
international and
regional
organizations -80 329 383
23 International 314 164 170
24 Latin American
Caribbean regional -19 0 -15
MEMO
25 Foreign countries 21,177 13,961 1,368
26 Official
institutions 16,577 6,708 -755
27 Other foreign 4,600 7,253 2,123
Oil-exporting
countries
28 Middle East (4) -139 -3,815 509
29 Africa (5) 1 55 0
Area or country 2003
Feb. Mar. Apr. (p)
1 Total estimated -4,703 25,550 6,717
2 Foreign countries -4,459 25,601 6,769
3 Europe -7,520 -191 5,494
4 Belgium (2) -1,779 -2,722 218
5 Germany -257 -270 1,176
6 Luxembourg (2) 358 83 33
7 Netherlands 1,360 959 4,425
8 Sweden 190 522 -240
9 Switzerland -1,050 1,067 -784
10 United Kingdom -2,912 3,256
11 Channel Islands
and Isle of
Man (3) 9 37 140
12 Other Europe and
former U.S.S.R. -3,839 -3,123 532
13 Canada -1,871 1,782 820
14 Latin America and
Caribbean 3,384 11,179 -7,150
15 Venezuela 97 23 13
16 Other Latin
America and
Caribbean 2,323 8,550 -5,850
17 Netherlands
Antilles 964 2,606 -1,313
18 Asia 2,287 12,246 7,389
19 Japan 5,580 -1,221 5,557
20 Africa -13 -16 127
21 Other -696 601 89
22 Nonmonetary
international and
regional
organizations -244 -51 -52
23 International -1,311 -109 85
24 Latin American
Caribbean regional -38 -28 -37
MEMO
25 Foreign countries -0.459 25,601 6,769
26 Official
institutions 2,541 482 -2,417
27 Other foreign -7,100 25,119 9,186
Oil-exporting
countries
28 Middle East (4) -4,252 128 -2.606
29 Africa (5) 0 0 0
(1.) Official and private transactions in marketable U.S. Treasury
securities having an original maturity of more than one year. Data are
based on monthly transactions reports. Excludes nonmarketable U.S.
Treasury bonds and notes held by official institutions of foreign
countries.
(2.) Before January 2001, combined data reported for Belgium and
Luxembourg.
(3.) Before January 2001, these data were included in 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 2000 2001 2002
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar (2) 58.15 51.69 54.37
2 Brazil/real 1.8301 2.3527 2.9213
3 Canada/dollar 1.4855 1.5487 1.5704
4 China, P.R./yuan 8.2784 8.2770 8.2770
5 Denmark/krone 8.0953 8.3323 7.8862
6 European Monetary
Union/euro (3) 0.9232 0.8952 0.9454
7 Greece/drachma 365.92 n.a. n.a.
8 Hong Kong/dollar 7.7924 7.7997 7.7997
9 India/rupee 45.00 47.22 48.63
10 Japan/yen 107.80 121.57 125.22
11 Malaysia/ringgit 3.8000 3.8000 3.8000
12 Mexico/peso 9.459 9.337 9.663
13 New Zealand/dollar (2) 45.68 42.02 46.45
14 Norway/krone 8.8131 8.9964 7.9839
15 Singapore/dollar 1.7250 1.7930 1.7908
16 South Africa/rand 6.9468 8.6093 10.5176
17 South Korea/won 1,130.90 1,292.01 1,250.31
18 Sri Lanka/rupee 76.964 89.602 95.773
19 Sweden/krona 9.1735 10.3425 9.7233
20 Switzerland/franc 1.6904 1.6891 1.5567
21 Taiwan/dollar 31.260 33.824 34.536
21 Thailand/baht 40.210 44.532 43.019
23 United Kingdom/pound
(2) 151.56 143.96 150.25
24 Venezuela/bolivar 680.52 724.10 1,161.19
Indexes (4)
NOMINAL
25 Broad (January
1997=100) (5) 119.68 126.08 127.19
26 Major currencies
(March 1973=100) (6) 98.31 104.28 102.85
27 Other important
trading partners
(January 1997=100)
(7) 130.34 136.36 141.42
REAL
28 Broad (March 1973=100)
(5) 104.47 110.50 110.88
29 Major currencies
(March 1973=100) (6) 103.29 110.73 109.36
30 Other important
trading partners
(March 1973=100) (7) 114.81 119.48 122.30
2003
Item Jan. Feb. Mar.
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar (2) 58.29 59.56 60.15
2 Brazil/real 3.4375 3.5955 3.4567
3 Canada/dollar 1.5414 1.5121 1.4761
4 China, P.R./yuan 8.2775 8.2780 8.2773
5 Denmark/krone 6.9980 6.8920 6.8807
6 European Monetary
Union/euro (3) 1.0622 1.0785 1.0797
7 Greece/drachma n.a. n.a. n.a.
8 Hong Kong/dollar 7.7994 7.7995 7.7991
9 India/rupee 47.96 47.75 47.68
10 Japan/yen 118.81 119.34 118.69
11 Malaysia/ringgit 3.8000 3.8000 3.8000
12 Mexico/peso 10.622 10.945 10.905
13 New Zealand/dollar (2) 53.98 55.39 55.37
14 Norway/krone 6.9138 7.0004 7.2760
15 Singapore/dollar 1.7363 1.7451 1.7551
16 South Africa/rand 8.6949 8.2858 8.0506
17 South Korea/won 1,176.45 1,190.37 1,237.20
18 Sri Lanka/rupee 96.813 96.880 96.943
19 Sweden/krona 8.6368 8.4837 8.5440
20 Switzerland/franc 1.3765 1.3602 1.3614
21 Taiwan/dollar 34.571 34.734 34.721
21 Thailand/baht 42.773 42.897 42.783
23 United Kingdom/pound
(2) 161.75 160.79 158.25
24 Venezuela/bolivar 1,714.45 1,736.21 1,600.00
Indexes (4)
NOMINAL
25 Broad (January
1997=100) (5) 124.21 124.12 123.56
26 Major currencies
(March 1973=100) (6) 96.03 95.02 94.28
27 Other important
trading partners
(January 1997=100)
(7) 145.72 147.35 147.26
REAL
28 Broad (March 1973=100)
(5) 107.69 107.91 107.71
29 Major currencies
(March 1973=100) (6) 102.13 101.47 100.83
30 Other important
trading partners
(March 1973=100) (7) 124.44 125.97 126.42
2003
Item Apr. May June
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar (2) 61.00 64.68 66.52
2 Brazil/real 3.1090 2.9517 2.8887
3 Canada/dollar 1.4582 1.3840 1.3525
4 China, P.R./yuan 8.2772 8.2769 8.2771
5 Denmark/krone 6.8381 6.4268 6.3620
6 European Monetary
Union/euro (3) 1.0862 1.1556 1.1674
7 Greece/drachma n.a. n.a. n.a.
8 Hong Kong/dollar 7.7996 7.7991 7.7988
9 India/rupee 47.39 47.11 46.70
10 Japan/yen 119.90 117.37 118.33
11 Malaysia/ringgit 3.8000 3.8000 3.8000
12 Mexico/peso 10.589 10.253 10.503
13 New Zealand/dollar (2) 55.18 57.56 58.15
14 Norway/krone 7.2032 6.8145 7.0093
15 Singapore/dollar 1.7771 1.7357 1.7351
16 South Africa/rand 7.6634 7.6604 7.8588
17 South Korea/won 1,231.10 1,201.23 1,194.14
18 Sri Lanka/rupee 97.004 97.231 97.236
19 Sweden/krona 8.4314 7.9213 7.8116
20 Switzerland/franc 1.3783 1.3111 1.3196
21 Taiwan/dollar 34.824 34.697 34.633
21 Thailand/baht 42.929 42.217 41.675
23 United Kingdom/pound
(2) 157.39 162.24 166.09
24 Venezuela/bolivar 1,600.00 1,600.00 1,600.00
Indexes (4)
NOMINAL
25 Broad (January
1997=100) (5) 122.54 118.54 117.93
26 Major currencies
(March 1973=100) (6) 93.98 89.67 88.68
27 Other important
trading partners
(January 1997=100)
(7) 145.15 142.25 143.07
REAL
28 Broad (March 1973=100)
(5) 106.61 103.06 (r) 102.52
29 Major currencies
(March 1973=100) (6) 100.34 95.51 (r) 94.44
30 Other important
trading partners
(March 1973=100) (7) 124.32 122.44 (r) 122.69
(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 March 2003 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
June 30, 2002 November 2002 A58
September 30, 2002 February 2003 A58
December 31, 2002 May 2003 A58
March 31, 2003 August 2003 A58
Terms of lending at commercial banks
August 2002 November 2002 A60
November 2002 February 2003 A60
February 2003 May 2003 A60
May 2003 August 2003 A60
Assets and liabilities of U.S. branches and
agencies of foreign banks
June 30, 2002 November 2002 A66
September 30, 2002 February 2003 A66
December 31, 2002 May 2003 A66
March 31, 2003 August 2003 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
1988-2000 September 2001 A64
1989-2001 September 2002 A58
Disposition of applications for private
mortgage insurance
1997-2000 September 2001 A73
1998-2001 September 2002 A67
Small loans to businesses and farms
1996-2000 September 2001 A76
1996-2001 September 2002 A70
Community development lending reported under
the Community Reinvestment Act
2000 September 2001 A79
2001 September 2002 A73
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 June 2003 A66
4.20 DOMESTIC AND FOREIGN OFFICES Insured Commercial Bank Assets and
Liabilities Consolidated Report of Condition, March 31, 2003
Millions of dollars except as noted
Domestic
Item Total total
1 Total assets 7,075,325 6,331,054
2 Cash and balances due from
depository institutions 375,218 282,111
3 Cash items in process of
collection, unposted
debits, and currency and
coin n.a. n.a.
4 Cash items in process of
collection and unposted
debits n.a. n.a.
5 Currency and coin n.a. n.a.
6 Balances due from
depository institutions
in the United States n.a. n.a.
7 Balances due from banks in
foreign countries and
foreign central banks n.a. n.a.
8 Balances due from Federal
Reserve Banks n.a. n.a.
9 Total securities,
held-to-maturity (amortized
cost) and available-for-
sale (fair value) 1,355,531 n.a.
10 U.S. Treasury securities 63,717 n.a.
11 U.S. government agency and
corporation obligations
(excludes mortgage-backed
securities) 219,020 n.a.
12 Issued by U.S. government
agencies 7,089 n.a.
13 Issued by U.S.
government-sponsored
agencies 211,930 n.a.
14 Securities issued by states
and political
subdivisions in the
United States 103,613 n.a.
15 Mortgage-backed securities
(MBS) 749,562 n.a.
16 Pass-through securities 486,864 n.a.
17 Guaranteed by GNMA 87,242 n.a.
19 Issued by FNMA and
FHLMC 390,398 n.a.
19 Other pass-through
securities 9,224 n.a.
20 Other mortgage-backed
securities (includes
CMOs, REMICs, and
stripped MBS) 262,698 n.a.
21 Issued or guaranteed by
FNMA, FHLMC or GNMA 179,601 n.a.
22 Collateralized by MBS
issued or guaranteed
by FNMA, FHLMC, or
GNMA 13,210 n.a.
23 All other mortgage-
backed securities 69,887 n.a.
24 Asset-backed securities 97,637 n.a.
25 Credit card receivables 37,649 n.a.
26 Home equity lines 31,095 n.a.
27 Automobile loans 13,271 n.a.
28 Other consumer loans 1,411 n.a.
29 Commercial and industrial
loans 4,446 n.a.
30 Other 9,765 n.a.
31 Other debt securities 104,537 n.a.
32 Other domestic debt
securities 37,092 n.a.
33 Foreign debt securities 67,445 n.a.
34 Investments in mutual
funds and other equity
securities with readily
determinable fair value 17,445 n.a.
35 Federal funds sold and
securities purchased under
agreements to resell 348,528 300,565
36 Federal funds sold in
domestic offices 189,373 189,373
37 Securities purchased under
agreements to resell 159,155 111,192
38 Total loans and leases
(gross) and lease-financing
receivables (net) 4,113,674 3,831,372
39 LESS: Unearned income on
loans 3,444 2,417
40 LESS: Loans and leases held
for sale 241,694 n.a.
41 Total loans and leases (net
of unearned income) 3,868,536 n.a.
42 LESS: Allowance for loan
and lease losses 74,971 n.a.
43 Loans and leases, net of
unearned income and
allowance 3,793,566 n.a.
Total loans and leases,
gross, by category
44 Loans secured by real estate 2,089,555 2,058,440
45 Construction and land
development n.a. 210,559
46 Farmland n.a. 38,704
47 One- to four-family
residential properties n.a. 1,172,109
48 Revolving, open-end
loans, extended under
lines of credit n.a. 228,622
Closed-end loans secured by
one- to four-family
residential properties
49 Secured by first liens n.a. 858,157
50 Secured by junior liens n.a. 85,329
51 Multifamily (five or more)
residential properties n.a. 73,786
52 Nonfarm nonresidential
properties n.a. 563,283
53 Loans in depository
institutions and
acceptances of other banks 157,165 129,627
54 Commercial banks in the
United States n.a. n.a.
55 Other depository
institutions in the
United States n.a. n.a.
56 Banks in foreign countries n.a. n.a.
57 Loans to finance agricultural
production and other loans
to farmers 43,933 43,368
58 Commercial and industrial
loans 898,698 771,310
59 U.S. addressees (domicile) n.a. n.a.
60 Non-U.S. addressees
(domicile) n.a. n.a.
61 Loans to individuals for
household, family, and
other personal expenditures
(includes purchased paper) 636,809 575,259
62 Credit cards 207,543 187,672
63 Other revolving credit
plans 37,332 24,746
64 Other consumer loans
(including single-payment,
installment, and all
student loans) 391,934 362,841
65 Obligations (other than
securities) of states and
political subdivisions in
the United States (includes
nonrated industrial
development obligations) 21,812 21,812
66 All other loans 111,963 86,107
67 Loans to foreign
governments and official
institutions 5,967 2,043
68 Other loans 105,996 84,063
69 Loans for purchasing and
carrying securities n.a. n.a.
70 All other loans (excludes
consumer loans) n.a. n.a.
71 Lease-financing receivables 153,740 145,450
72 Trading assets 393,132 n.a.
73 Premises and fixed assets
(including capitalized
leases) 79,725 n.a.
74 Other real estate owned 4,533 n.a.
75 Investments in
unconsolidated
subsidiaries and
associated companies 9,088 n.a.
76 Customers' liability on
acceptances outstanding 5,626 n.a.
77 Net due from own foreign
offices, Edge Act and
agreement subsidiaries, and
IBFs n.a. n.a.
78 Intangible assets 126,001 n.a.
79 Goodwill 86,495 n.a.
80 Other intangible assets 39,506 n.a.
81 All other assets 342,684 n.a.
82 Total liabilities, minority
interest, and equity
capital 7,075,325 n.a.
83 Total liabilities 6,421,177 5,676,906
84 Total deposits 4,738,491 4,086,101
85 Individuals, partnerships,
and corporations (include
all certified and
official checks) 4,271,018 3,799,151
86 U.S. government n.a. 20,434
87 States and political
subdivisions in the
United States n.a. 204,340
88 Commercial bank and other
depository institutions
in the United States 97,946 52,879
89 Banks in foreign countries 118,328 8,374
90 Foreign governments and
official institutions
(including foreign
central banks) 25,757 923
91 Total transaction accounts n.a. 692,537
92 Individuals, partnership,
and corporations
(include all certified
and official checks) n.a 590,964
93 U.S. government n.a. 2,018
94 Slates and political
subdivisions in the
United States n.a. 57,661
95 Commercial banks and
other depository
institutions in the
United States n.a. 35,514
96 Banks in foreign
countries n.a. 5,806
97 Foreign governments and
official institutions
(including foreign
central banks) n.a. 574
98 Total demand deposits n.a. 519,761
99 Total nontransaction
accounts n.a. 3,393,565
100 Individuals, partnerships,
and corporations
(include all certified
and official checks) n.a. 3,208,187
101 U.S. government n.a. 18,415
102 States and political
subdivisions in the
United States n.a. 146,680
103 Commercial banks and other
depository institutions
in the United States n.a. 17,366
104 Banks in foreign countries n.a. 2,569
105 Foreign governments and
official institutions
(including foreign
central banks) n.a. 348
106 Federal funds purchased and
securities sold under
agreements to repurchase 571,700 529,592
107 Federal funds purchased in
domestic offices 236,681 236,681
108 Securities sold under
agreements to repurchase 335,019 292,911
109 Trading liabilities 234,127 n.a.
110 Other borrowed money
(includes mortgage
indebtedness and
obligations under
capitalized leases) 539,600 499,873
111 Banks' liability on
acceptances executed and
outstanding 5,635 4,283
112 Subordinated notes and
debentures to deposits 94,696 n.a.
113 Net due to own foreign
offices, Edge Act and
agreement subsidiaries,
and IBFs n.a. n.a.
114 All other liabilities 236,928 n.a.
115 Minority interest in
consolidated subsidiaries 12,307 n.a.
116 Total equity capital 641,841 n.a.
MEMO
117 Trading assets at large
banks (2) 392,796 205,937
118 U.S. Treasury securities
(domestic offices) n.a. 27,575
119 U.S. government agency
obligations (excluding
MBS) n.a. 8,205
120 Securities issued by states
and political
subdivisions in the
United States n.a. 1,299
121 Mortgage-backed securities n.a. 5,247
122 Other debt securities n.a. 36,455
123 Other trading assets n.a. 21,544
124 Trading assets in foreign
offices 105,820 0
125 Revaluation gains on
interest rate, foreign
exchange rate, and other
commodity and equity
contracts 186,650 105,611
126 Total individual retirement
(IRA) and Keogh plan
accounts n.a. 167,012
127 Total brokered deposits n.a. 267,491
128 Fully insured brokered
deposits n.a. 171,299
129 Issued in denominations
of less than $100,000 n.a. 93,279
130 Issued in denominations
of $100,000, or in
denominations greater
than $100,000 and
participated out by the
broker in shares of
$100,000 or less n.a. 78,020
131 Money market deposit accounts
(MMDAs) n.a. 1,522,672
132 Other savings deposits
(excluding MMDAs) n.a. 594,548
133 Total time deposits of less
than $100,000 n.a. 689,918
134 Total time deposits of
$100,000 or more n.a. 586,426
135 Number of banks 7,844 7,844
Bank, with
domestic
Banks with foreign offices
offices (1) only (2)
Item Total Domestic Total
1 Total assets 4,663,268 3,918,997 2,412,058
2 Cash and balances due from
depository institutions 264,362 171,256 110,855
3 Cash items in process of
collection, unposted
debits, and currency and
coin 128,450 125,988 n.a.
4 Cash items in process of
collection and unposted
debits n.a. 104,749 n.a.
5 Currency and coin n.a. 21,239 n.a.
6 Balances due from
depository institutions
in the United States 28,369 23,224 n.a.
7 Balances due from banks in
foreign countries and
foreign central banks 92,773 7,345 n.a.
8 Balances due from Federal
Reserve Banks 14,771 14,699 n.a.
9 Total securities,
held-to-maturity (amortized
cost) and available-for-
sale (fair value) 783,801 n.a. 571,730
10 U.S. Treasury securities 41,415 n.a. 22,302
11 U.S. government agency and
corporation obligations
(excludes mortgage-backed
securities) 84,162 n.a. 134,858
12 Issued by U.S. government
agencies 4,253 n.a. 2,837
13 Issued by U.S.
government-sponsored
agencies 79,909 n.a. 132,021
14 Securities issued by states
and political
subdivisions in the
United States 35,046 n.a. 68,567
15 Mortgage-backed securities
(MBS) 484,719 n.a. 264,844
16 Pass-through securities 335,595 n.a. 151,269
17 Guaranteed by GNMA 58,637 n.a. 28,605
19 Issued by FNMA and
FHLMC 269,046 n.a. 121,352
19 Other pass-through
securities 7,911 n.a. 1,312
20 Other mortgage-backed
securities (includes
CMOs, REMICs, and
stripped MBS) 149,124 n.a. 113,574
21 Issued or guaranteed by
FNMA, FHLMC or GNMA 96,781 n.a. 82,820
22 Collateralized by MBS
issued or guaranteed
by FNMA, FHLMC, or
GNMA 11,865 n.a. 1,345
23 All other mortgage-
backed securities 40,477 n.a. 29,410
24 Asset-backed securities 53,781 n.a. 43,856
25 Credit card receivables 22,424 n.a. 15,225
26 Home equity lines 19,266 n.a. 11,829
27 Automobile loans 5,646 n.a. 7,625
28 Other consumer loans 951 n.a. 461
29 Commercial and industrial
loans 1,415 n.a. 3,031
30 Other 4,081 n.a. 5,684
31 Other debt securities 74,971 n.a. 29,567
32 Other domestic debt
securities 12,360 n.a. 24,732
33 Foreign debt securities 62,610 n.a. 4,835
34 Investments in mutual
funds and other equity
securities with readily
determinable fair value 9,708 n.a. 7,737
35 Federal funds sold and
securities purchased under
agreements to resell 238,993 191,030 109,535
36 Federal funds sold in
domestic offices 88,451 88,451 100,921
37 Securities purchased under
agreements to resell 150,542 102,579 8,613
38 Total loans and leases
(gross) and lease-financing
receivables (net) 2,612,403 2,330,101 1,501,271
39 LESS: Unearned income on
loans 2,376 1,349 1,067
40 LESS: Loans and leases held
for sale 197,853 n.a. 43,841
41 Total loans and leases (net
of unearned income) 2,412,174 n.a. 1,456,362
42 LESS: Allowance for loan
and lease losses 50,713 n.a. 24,257
43 Loans and leases, net of
unearned income and
allowance 2,361,461 n.a. 1,432,105
Total loans and leases,
gross, by category
44 Loans secured by real estate 1,172,690 1,141,576 916,865
45 Construction and land
development n.a. 98,862 111,697
46 Farmland n.a. 6,853 31,851
47 One- to four-family
residential properties n.a. 757,743 414,365
48 Revolving, open-end
loans, extended under
lines of credit n.a. 156,350 72,273
Closed-end loans secured by
one- to four-family
residential properties
49 Secured by first liens n.a. 552,111 306,046
50 Secured by junior liens n.a. 49,283 36,047
51 Multifamily (five or more)
residential properties n.a. 37,259 36,527
52 Nonfarm nonresidential
properties n.a. 240,858 322,425
53 Loans in depository
institutions and
acceptances of other banks 139,356 111,819 17,808
54 Commercial banks in the
United States 89,822 76,116 n.a.
55 Other depository
institutions in the
United States 31,657 31,647 n.a.
56 Banks in foreign countries 17,878 4,056 n.a.
57 Loans to finance agricultural
production and other loans
to farmers 9,686 9,121 34,247
58 Commercial and industrial
loans 649,889 522,501 248,809
59 U.S. addressees (domicile) 526,068 512,832 n.a.
60 Non-U.S. addressees
(domicile) 123,821 9,669 n.a.
61 Loans to individuals for
household, family, and
other personal expenditures
(includes purchased paper) 388,968 327,418 247,841
62 Credit cards 134,334 114,463 73,209
63 Other revolving credit
plans 30,765 18,179 6,567
64 Other consumer loans
(including single-payment,
installment, and all
student loans) 223,869 194,776 168,065
65 Obligations (other than
securities) of states and
political subdivisions in
the United States (includes
nonrated industrial
development obligations) 12,954 12,954 8,858
66 All other loans 99,513 73,656 12,450
67 Loans to foreign
governments and official
institutions 5,888 1,964 79
68 Other loans 93,624 71,692 12,371
69 Loans for purchasing and
carrying securities n.a. 14,421 n.a.
70 All other loans (excludes
consumer loans) n.a. 57,271 n.a.
71 Lease-financing receivables 139,348 131,057 14,393
72 Trading assets 389,407 n.a. 3,725
73 Premises and fixed assets
(including capitalized
leases) 45,959 n.a. 33,766
74 Other real estate owned 1,800 n.a. 2,733
75 Investments in
unconsolidated
subsidiaries and
associated companies 8,610 n.a. 478
76 Customers' liability on
acceptances outstanding 5,364 n.a. 262
77 Net due from own foreign
offices, Edge Act and
agreement subsidiaries, and
IBFs n.a. 23,288 n.a.
78 Intangible assets 100,896 n.a. 25,106
79 Goodwill 68,812 n.a. 17,683
80 Other intangible assets 32,084 n.a. 7,422
81 All other assets 264,763 n.a. 77,921
82 Total liabilities, minority
interest, and equity
capital 4,663,268 n.a. 2,412,058
83 Total liabilities 4,245,567 3,501,296 2,175,610
84 Total deposits 2,966,171 2,313,781 1,772,320
85 Individuals, partnerships,
and corporations (include
all certified and
official checks) 2,635,846 2,163,978 1,635,172
86 U.S. government n.a. 19,082 1,351
87 States and political
subdivisions in the
United States n.a. 91,749 112,591
88 Commercial bank and other
depository institutions
in the United States 75,167 30,100 22,779
89 Banks in foreign countries 117,942 7,988 386
90 Foreign governments and
official institutions
(including foreign
central banks) 25,717 883 40
91 Total transaction accounts n.a. 361,939 330,598
92 Individuals, partnership,
and corporations
(include all certified
and official checks) n.a. 303,325 287,639
93 U.S. government n.a. 1,171 847
94 Slates and political
subdivisions in the
United States n.a. 26,039 31,622
95 Commercial banks and
other depository
institutions in the
United States n.a. 25,243 10,270
96 Banks in foreign
countries n.a. 5,595 211
97 Foreign governments and
official institutions
(including foreign
central banks) n.a. 566 8
98 Total demand deposits n.a. 314,835 204,927
99 Total nontransaction
accounts n.a. 1,951,843 1,441,722
100 Individuals, partnerships,
and corporations
(include all certified
and official checks) n.a. 1,860,653 1,347,533
101 U.S. government n.a. 17,911 504
102 States and political
subdivisions in the
United States n.a. 65,710 80,969
103 Commercial banks and other
depository institutions
in the United States n.a. 4,857 12,509
104 Banks in foreign countries n.a. 2,394 175
105 Foreign governments and
official institutions
(including foreign
central banks) n.a. 316 32
106 Federal funds purchased and
securities sold under
agreements to repurchase 434,858 392,750 136,843
107 Federal funds purchased in
domestic offices 168,777 168,777 67,904
108 Securities sold under
agreements to repurchase 266,081 223,973 68,938
109 Trading liabilities 233,367 n.a. 761
110 Other borrowed money
(includes mortgage
indebtedness and
obligations under
capitalized leases) 327,180 287,453 212,420
111 Banks' liability on
acceptances executed and
outstanding 5,372 4,021 262
112 Subordinated notes and
debentures to deposits 85,726 n.a. 8,970
113 Net due to own foreign
offices, Edge Act and
agreement subsidiaries,
and IBFs n.a. 135,584 n.a.
114 All other liabilities 192,893 n.a. 44,035
115 Minority interest in
consolidated subsidiaries 10,168 n.a. 2,139
116 Total equity capital 407,532 n.a. 234,309
MEMO
117 Trading assets at large
banks (2) 389,132 202,273 3,664
118 U.S. Treasury securities
(domestic offices) n.a. 27,392 183
119 U.S. government agency
obligations (excluding
MBS) n.a. 7,923 281
120 Securities issued by states
and political
subdivisions in the
United States n.a. 1,049 250
121 Mortgage-backed securities n.a. 3,332 1,915
122 Other debt securities n.a. 36,186 270
123 Other trading assets n.a. 21,281 263
124 Trading assets in foreign
offices 105,820 0 0
125 Revaluation gains on
interest rate, foreign
exchange rate, and other
commodity and equity
contracts 186,148 105,110 502
126 Total individual retirement
(IRA) and Keogh plan
accounts n.a. 73,083 93,930
127 Total brokered deposits n.a. 131,020 136,471
128 Fully insured brokered
deposits n.a. 64,765 106,534
129 Issued in denominations
of less than $100,000 n.a. 32,301 60,978
130 Issued in denominations
of $100,000, or in
denominations greater
than $100,000 and
participated out by the
broker in shares of
$100,000 or less n.a. 32,464 45,557
131 Money market deposit accounts
(MMDAs) n.a. 1,000,654 522,018
132 Other savings deposits
(excluding MMDAs) n.a. 348,037 246,510
133 Total time deposits of less
than $100,000 n.a. 280,864 409,054
134 Total time deposits of
$100,000 or more n.a. 322,287 264,139
135 Number of banks 121 n.a. 7,723
NOTE. The notation "n.a." indicates the lesser detail available from
banks that do not have foreign offices, the inapplicability of certain
items to banks that have only domestic offices, or the absence of
detail on a fully consolidated basis for banks that have foreign
offices.
(1.) All transactions between domestic and foreign offices of a bank
are reported in "net due from" and "net due to" lines. All other lines
represent transactions with parties other than the domestic and foreign
offices of each bank. Because these intra-office transactions are
nullified by consolidation, total assets and total liabilities for the
entire bank any not equal the sum of assets and liabilities,
respectively, of the domestic and foreign offices.
Foreign offices include branches in foreign countries, Puerto Rico, and
US.-affiliated insular areas; subsidiaries in foreign countries; all
offices of Edge Act and agreement corporations wherever located; and
international banking facility (IBF).
(2.) Components of "Trading Assets at Large Banks" are reported only by
banks that reported trading assets of $2 million or more any quarter of
the preceding calendar year.
4.23 TERMS OF LENDING AT COMMERCIAL BANKS Survey of Loans Made,
May 5-9, 2003
A. Commercial and industrial loans made by all commercial banks (1)
Weighted-
average Amount of Average
Risk (2) and effective loans loan size
maturity/repricing loan rate (4) (millions (thousands of
interval (3) of loans (percent) of dollars) dollars)
LOAN RISK (5)
1 All commercial and
industrial loans 3.32 61,825 450
2 Minimal risk 2.45 1,662 378
3 Low risk 2.38 11,211 1,043
4 Moderate risk 3.46 21,043 468
5 Other 3.77 20,013 424
By maturity/repriring
interval (6)
6 Zero interval 4.21 14,623 297
7 Minimal risk 3.92 282 219
8 Low risk 2.66 3,599 1,231
9 Moderate risk 4.32 5,587 309
10 Other 5.25 4,811 224
11 Daily 2.79 24,175 616
12 Minimal risk 1.81 540 2,251
13 Low risk 2.00 3,775 2,500
14 Moderate risk 2.74 7,028 687
15 Other 2.96 8,503 692
16 2 to 30 days 2.77 9,448 661
17 Minimal risk 1.87 401 1,235
18 Low risk 2.03 1,343 76
19 Moderate risk 2.68 2,664 775
20 Other 3.30 3,775 600
21 31 to 365 days 3.16 9,022 516
22 Minimal risk 2.41 380 245
23 Low risk 2.36 2,211 818
24 Moderate risk 3.47 3,144 438
25 Other 3.75 1,956 581
26 More than 365 days 4.80 4,247 280
27 Minimal risk 5.57 57 58
28 Low risk 5.52 227 126
28 Moderate risk 4.32 2,506 463
30 Other 5.45 871 302
Weighted-
average risk
rating (2)
SIZE OF LOAN
(thousands of dollars)
31 1-99 5.28 2,478 3.4
32 100-999 4.54 8,699 3.4
33 1,000-9,999 3.50 19,231 3.4
34 10,000 or more 2.73 31,417 3.1
BASE RATE OF LOAN (4)
35 Prime (7) 4.79 19,479 3.5
36 Other 2.65 42,346 3.1
Percent of amount of
Weighted- loans (percent)
average
Risk (2) and maturity (5) Subject to
maturity/repricing Secured by prepayment
interval (3) of loans Days collateral penalty
LOAN RISK (5)
1 All commercial and
industrial loans 461 38.0 23.9
2 Minimal risk 306 22.7 9.8
3 Low risk 434 13.0 29.5
4 Moderate risk 642 45.0 19.8
5 Other 329 47.3 22.5
By maturity/repriring
interval (6)
6 Zero interval 608 44.9 7.2
7 Minimal risk 828 36.1 3.9
8 Low risk 407 9.3 3.0
9 Moderate risk 803 56.0 4.5
10 Other 540 59.4 14.0
11 Daily 228 31.0 26.6
12 Minimal risk 16 1.9 *
13 Low risk 243 7.8 66.1
14 Moderate risk 359 35.6 11.6
15 Other 103 36.8 17.1
16 2 to 30 days 194 34.5 32.3
17 Minimal risk 196 18.2 17.6
18 Low risk 127 27.2 15.9
19 Moderate risk 216 37.2 30.5
20 Other 216 41.1 44.5
21 31 to 365 days 540 40.2 31.1
22 Minimal risk 564 37.5 21.4
23 Low risk 839 9.8 22.0
24 Moderate risk 480 59.4 33.8
25 Other 476 60.0 27.5
Months
26 More than 365 days 56 53.2 32.6
27 Minimal risk 29 86.1 *
28 Low risk 57 83.5 1.5
28 Moderate risk 56 35.6 48.2
30 Other 58 75.4 17.9
Weighted-
average
maturity/
repricing
interval (3)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 244 85.9 1.8
32 100-999 187 74.0 7.2
33 1,000-9,999 127 37.8 26.8
34 10,000 or more 107 24.4 28.4
BASE RATE OF LOAN (4)
35 Prime (7) 107 60.4 3.8
36 Other 140 27.7 33.1
Commitment status
Percent of
amount of Average
Risk (2) and loans (percent) Percent months since
maturity/repricing made under loan terms
interval (3) of loans Prime based commitment set
LOAN RISK (5)
1 All commercial and
industrial loans 31.5 73.1 13.6
2 Minimal risk 20.9 73.2 15.0
3 Low risk 15.9 71.4 7.6
4 Moderate risk 35.2 84.6 11.3
5 Other 36.2 72.0 16.7
By maturity/repriring
interval (6)
6 Zero interval 70.4 81.7 22.7
7 Minimal risk 69.8 97.0 14.4
8 Low risk 37.1 51.4 20.9
9 Moderate risk 86.0 95.5 14.1
10 Other 77.8 90.4 33.4
11 Daily 25.3 66.7 7.6
12 Minimal risk 3.1 85.1 11.1
13 Low risk 6.0 77.3 1.4
14 Moderate risk 21.3 74.0 6.8
15 Other 28.3 60.1 5.7
16 2 to 30 days 8.1 64.8 16.5
17 Minimal risk 3.3 43.2 32.4
18 Low risk 6.5 62.6 15.3
19 Moderate risk 8.1 78.8 17.2
20 Other 9.4 68.2 13.4
21 31 to 365 days 11.6 82.7 14.1
22 Minimal risk 28.3 72.9 10.0
23 Low risk 3.8 97.3 15.5
24 Moderate risk 11.3 90.5 14.0
25 Other 18.8 87.4 14.0
26 More than 365 days 27.1 77.0 6.3
27 Minimal risk 21.2 54.8 16.1
28 Low risk 19.8 84.2 8.1
28 Moderate risk 20.5 88.9 5.1
30 Other 37.0 68.4 7.2
SIZE OF LOAN
(thousands of dollars)
31 1-99 73.9 83.3 16.1
32 100-999 67.2 88.4 19.2
33 1,000-9,999 30.5 74.8 18.9
34 10,000 or more 18.9 67.0 7.7
Average size
(thousands
of dollars)
BASE RATE OF LOAN (4)
35 Prime (7) 204.0 87.7 18
36 Other 1015.0 66.4 11
Footnotes appear at end of table.
4.23 TERMS OF LENDING AT COMMERCIAL BANKS Survey of Loans Made,
May 5-9, 2003
B. Commercial and industrial loans made by all domestic banks (1)
Weighted-
average Amount of Average
Risk (2) and effective loans loan size
maturity/repricing loan rate (4) (millions (thousands of
interval (3) of loans (percent) of dollars) dollars)
LOAN RISK (5)
1 All commercial and
industrial loans 3.62 39,618 299
2 Minimal risk 2.71 797 190
3 Low risk 2.24 6,886 263
4 Moderate risk 3.46 17,284 395
5 Other 4.59 9,500 214
By maturity/repriring
interval (6)
6 Zero interval 4.06 11,504 240
7 Minimal risk 3.43 174 139
8 Low risk 2.04 2,522 881
9 Moderate risk 4.38 5,189 290
10 Other 5.09 3,275 158
11 Daily 3.22 12,740 335
12 Minimal risk 1.67 131 819
13 Low risk 2.12 2,283 1,690
14 Moderate risk 2.98 5,323 532
15 Other 4.28 2,325 199
16 2 to 30 days 2.95 5,827 447
17 Minimal risk 1.88 255 851
18 Low risk 2.07 1,046 619
19 Moderate risk 2.71 1,889 620
20 Other 4.19 1,686 297
21 31 to 365 days 3.39 5,117 317
22 Minimal risk 3.06 179 119
23 Low risk 2.45 805 322
24 Moderate risk 3.47 2,298 337
25 Other 3.83 1,282 471
26 More than 365 days 4.83 4,175 275
27 Minimal risk 5.57 57 58
28 Low risk 5.52 227 126
28 Moderate risk 4.33 2,470 456
30 Other 5.54 835 290
Weighted-
average risk
rating (2)
SIZE OF LOAN
(thousands of dollars)
31 1-99 5.30 2,454 3.4
32 100-999 4.62 8,011 3.4
33 1,000-9,999 3.61 12,148 3.3
34 10,000 or more 2.92 17,004 2.8
BASE RATE OF LOAN (4)
35 Prime (7) 4.68 16,179 3.4
36 Other 2.89 23,439 2.9
Percent of amount of
Weighted- loans (percent)
average
Risk (2) and maturity (5) Subject to
maturity/repricing Secured by prepayment
interval (3) of loans Days collateral penalty
LOAN RISK (5)
1 All commercial and
industrial loans 601 51.1 13.5
2 Minimal risk 404 45.8 .1
3 Low risk 314 20.2 28.9
4 Moderate risk 742 51.5 16.0
5 Other 607 73.1 5.7
By maturity/repriring
interval (6)
6 Zero interval 577 55.4 1.1
7 Minimal risk 324 58.6 .5
8 Low risk 109 13.2 *
9 Moderate risk 827 58.8 1.4
10 Other 597 83.8 1.6
11 Daily 441 44.4 18.1
12 Minimal risk 66 7.9 *
13 Low risk 392 12.8 71.4
14 Moderate risk 460 44.8 12.1
15 Other 421 60.8 .5
16 2 to 30 days 247 44.3 9.6
17 Minimal risk 275 24.5 *
18 Low risk 116 34.9 5.1
19 Moderate risk 271 43.6 15.7
20 Other 338 62.7 12.5
21 31 to 365 days 506 61.7 19.0
22 Minimal risk 1,025 78.2 *
23 Low risk 576 25.8 37.3
24 Moderate risk 529 72.2 22.9
25 Other 493 76.1 11.2
Months
26 More than 365 days 55 54.1 32.3
27 Minimal risk 29 86.1 *
28 Low risk 57 83.5 1.5
28 Moderate risk 56 36.1 48.9
30 Other 58 78.6 14.3
Weighted-
average
maturity/
repricing
interval (3)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 246 86.5 1.6
32 100-999 201 78.0 3.0
33 1,000-9,999 188 54.0 12.1
34 10,000 or more 186 31.3 21.1
BASE RATE OF LOAN (4)
35 Prime (7) 128 69.5 1.4
36 Other 238 38.4 21.8
Commitment status
Percent of
amount of Average
Risk (2) and loans (percent) Percent months since
maturity/repricing made under loan terms
interval (3) of loans Prime based commitment set
LOAN RISK (5)
1 All commercial and
industrial loans 40.8 78.7 14.1
2 Minimal risk 30.5 51.7 40.5
3 Low risk 11.6 64.4 7.0
4 Moderate risk 40.4 84.1 11.6
5 Other 58.1 87.2 17.3
By maturity/repriring
interval (6)
6 Zero interval 70.3 76.7 16.1
7 Minimal risk 56.6 95.1 11.2
8 Low risk 14.6 30.6 12.0
9 Moderate risk 88.4 95.1 12.8
10 Other 86.4 86.0 23.0
11 Daily 41.8 79.8 12.8
12 Minimal risk 12.9 38.6 156.0
13 Low risk 10.0 90.8 1.5
14 Moderate risk 27.5 67.9 9.9
15 Other 71.4 85.9 13.8
16 2 to 30 days 10.6 73.7 20.3
17 Minimal risk 5.2 34.4 69.6
18 Low risk 8.3 61.2 18.6
19 Moderate risk 4.8 82.6 19.1
20 Other 19.6 95.2 16.4
21 31 to 365 days 17.0 86.6 13.6
22 Minimal risk 57.2 42.5 21.0
23 Low risk 8.0 94.1 15.3
24 Moderate risk 13.8 92.1 11.6
25 Other 24.2 93.6 15.1
26 More than 365 days 27.6 78.3 6.3
27 Minimal risk 21.2 54.8 16.1
28 Low risk 19.8 84.2 8.1
28 Moderate risk 20.8 90.2 5.1
30 Other 38.6 71.4 7.2
SIZE OF LOAN
(thousands of dollars)
31 1-99 74.2 83.3 16.1
32 100-999 70.3 88.6 18.6
33 1,000-9,999 37.5 80.7 18.4
34 10,000 or more 24.5 72.0 8.1
Average size
(thousands
of dollars)
BASE RATE OF LOAN (4)
35 Prime (7) 172.0 89.9 15.1
36 Other 615.0 71.0 13.3
Footnotes appear at end of table.
4.23 TERMS OF LENDING AT COMMERCIAL BANKS Survey of Loans Made,
May 5-9, 2003
C. Commercial and industrial loans made by large domestic banks (1)
Weighted-
average Amount of Average
Risk (2) and effective loans loan size
maturity/repricing loan rate (4) (millions (thousands of
interval (3) of loans (percent) of dollars) dollars)
LOAN RISK (5)
1 All commercial and
industrial loans 3.37 34,007 497
2 Minimal risk 1.94 578 1,077
3 Low risk 1.94 6,287 2,681
4 Moderate risk 3.39 15,341 770
5 Other 4.48 7,893 282
By maturity/repriring
interval (6)
6 Zero interval 3.89 9,112 435
7 Minimal risk 2.92 82 329
8 Low risk 1.73 2,261 6,546
9 Moderate risk 4.27 4,367 546
10 Other 5.27 2,376 217
11 Daily 3.16 11,994 366
12 Minimal risk 1.65 129 1,114
13 Low risk 2.05 2,215 2,935
14 Moderate risk 2.87 5,050 633
15 Other 4.24 2,221 218
16 2 to 30 days 2.81 5,205 681
17 Minimal risk 1.54 228 3,506
18 Low risk 2.00 1,014 1,314
19 Moderate risk 2.56 1,796 1,247
20 Other 4.04 1,458 362
21 31 to 365 days 2.96 4,485 1,545
22 Minimal risk 2.24 127 2,090
23 Low risk 2.01 724 2,126
24 Moderate risk 3.02 2,022 1,901
25 Other 3.68 1,220 1,090
26 More than 365 days 4.21 3,018 1,128
27 Minimal risk 2.93 10 374
28 Low risk 3.90 71 561
28 Moderate risk 3.91 2,022 1,716
30 Other 5.07 550 572
Weighted-
average risk
rating (2)
SIZE OF LOAN
(thousands of dollars)
31 1-99 4.63 1,287 3.6
32 100-999 4.23 5,680 3.5
33 1,000-9,999 3.49 10,312 3.3
34 10,000 or more 2.91 16,727 2.8
BASE RATE OF LOAN (4)
35 Prime (7) 4.56 12,861 3.4
36 Other 2.65 21,146 2.9
Percent of amount of
Weighted- loans (percent)
average
Risk (2) and maturity (5) Subject to
maturity/repricing Secured by prepayment
interval (3) of loans Days collateral penalty
LOAN RISK (5)
1 All commercial and
industrial loans 576 46.3 15.1
2 Minimal risk 373 35.2 .2
3 Low risk 259 13.4 31.4
4 Moderate risk 725 46.9 17.5
5 Other 571 68.5 5.7
By maturity/repriring
interval (6)
6 Zero interval 595 48.2 .9
7 Minimal risk 224 70.0 1.1
8 Low risk 73 4.6 *
9 Moderate risk 882 53.3 1.4
10 Other 597 79.4 1.1
11 Daily 444 42.9 19.1
12 Minimal risk 66 6.9 *
13 Low risk 395 10.2 73.6
14 Moderate risk 458 42.3 12.7
15 Other 412 59.4 .5
16 2 to 30 days 241 41.9 10.5
17 Minimal risk 246 15.7 *
18 Low risk 85 33.5 5.3
19 Moderate risk 248 41.2 16.1
20 Other 352 57.2 14.0
21 31 to 365 days 538 59.5 21.3
22 Minimal risk 2,186 75.3 *
23 Low risk 573 18.1 40.2
24 Moderate risk 562 70.8 25.7
25 Other 500 75.8 11.7
Months
26 More than 365 days 52 39.3 41.6
27 Minimal risk 37 41.1 *
28 Low risk 38 51.9 3.2
28 Moderate risk 53 24.7 57.7
30 Other 56 68.3 12.8
Weighted-
average
maturity/
repricing
interval (3)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 95 83.3 1.3
32 100-999 99 73.5 2.5
33 1,000-9,999 172 51.2 13.4
34 10,000 or more 187 31.2 21.5
BASE RATE OF LOAN (4)
35 Prime (7) 98 64.7 .7
36 Other 205 35.1 23.9
Commitment status
Percent of
amount of Average
Risk (2) and loans (percent) Percent months since
maturity/repricing made under loan terms
interval (3) of loans Prime based commitment set
LOAN RISK (5)
1 All commercial and
industrial loans 37.8 80.9 15.4
2 Minimal risk 29.0 41.4 67.5
3 Low risk 6.6 64.0 7.2
4 Moderate risk 37.3 84.3 12.1
5 Other 55.0 90.7 20.1
By maturity/repriring
interval (6)
6 Zero interval 66.8 78.4 18.7
7 Minimal risk 73.2 95.5 22.0
8 Low risk 5.7 27.2 14.4
9 Moderate risk 87.0 96.3 13.9
10 Other 87.6 93.3 28.0
11 Daily 40.8 80.8 13.0
12 Minimal risk 12.3 38.0 156.0
13 Low risk 7.3 92.4 1.4
14 Moderate risk 25.9 66.4 10.0
15 Other 70.2 86.2 14.6
16 2 to 30 days 5.8 75.4 22.4
17 Minimal risk .7 26.8 87.8
18 Low risk 7.6 60.0 20.0
19 Moderate risk 2.9 82.7 19.4
20 Other 8.0 95.0 20.5
21 31 to 365 days 15.9 90.1 14.4
22 Minimal risk 71.1 32.5 38.1
23 Low risk 2.9 94.5 16.8
24 Moderate risk 12.6 93.6 12.0
25 Other 24.4 95.1 15.6
26 More than 365 days 24.3 83.9 7.3
27 Minimal risk 2.6 78.6 33.7
28 Low risk 29.2 94.6 16.5
28 Moderate risk 14.2 94.8 5.3
30 Other 40.0 74.8 9.4
SIZE OF LOAN
(thousands of dollars)
31 1-99 81.4 90.5 25.1
32 100-999 72.2 94.2 23.3
33 1,000-9,999 35.1 86.1 20.1
34 10,000 or more 24.5 72.5 8.2
Average size
(thousands
of dollars)
BASE RATE OF LOAN (4)
35 Prime (7) 240.0 93.3 18
36 Other 1,424.0 73.4 14
Footnotes appear at end of table.
4.23 TERMS OF LENDING AT COMMERCIAL BANKS Survey of Loans Made, May
5-9, 2003
D. Commercial and industrial loans made by small domestic banks (1)
Weighted-
average Amount of Average
effective loans loan size
Risk (2) and loan (millions (thousands
maturity/repricing rate (4) of of
interval (3) of loans (percent) dollars) dollars)
LOAN RISK (5)
1 All commercial and
industrial loans 5.12 5,610 88
2 Minimal risk 4.75 218 60
3 Low risk 5.30 599 76
4 Moderate risk 5.58 1,943 81
5 Other 5.14 1,606 97
By maturity/repricing
interval (6)
6 Zero interval 4.68 2,392 88
7 Minimal risk 3.88 92 92
8 Low risk 4.69 261 104
9 Moderate risk 4.94 822 83
10 Other 4.61 899 92
11 Daily 4.18 746 143
12 Minimal risk * * *
13 Low risk 4.56 68 114
14 Moderate risk 5.06 273 135
15 Other 5.16 104 70
16 2 to 30 days 4.12 622 115
17 Minimal risk 4.78 27 113
18 Low risk 4.44 32 35
19 Moderate risk 5.65 93 58
20 Other 5.10 228 139
21 31 to 365 days 6.43 632 48
22 Minimal risk 5.06 52 36
23 Low risk 6.37 82 38
24 Moderate risk 6.81 276 48
25 Other 6.65 62 39
26 More than 365 days 6.43 1,157 93
27 Minimal risk 6.14 47 49
28 Low risk 6.26 156 93
28 Moderate risk 6.26 448 106
30 Other 6.45 285 148
Weighted-
average
risk
rating (2)
SIZE OF LOAN
(thousands of dollars)
31 1-99 6.03 1,166 3.1
32 100-999 5.56 2,331 3.2
33 1,000-9,999 4.25 1,836 3.3
34 10,000 or more * * *
BASE RATE OF LOAN (4)
35 Prime (7) 5.15 3,318 3.4
36 Other 5.09 2,293 3.0
Percent of amount of
loans (percent)
Weighted-
average Subject
Risk (2) and maturity (5) Secured to pre-
maturity/repricing by payment
interval (3) of loans Days collateral penalty
LOAN RISK (5)
1 All commercial and
industrial loans 758 80.5 3.6
2 Minimal risk 480 73.9 *
3 Low risk 918 92.0 1.9
4 Moderate risk 873 87.5 4.4
5 Other 798 95.7 5.5
By maturity/repricing
interval (6)
6 Zero interval 496 82.9 1.6
7 Minimal risk 397 48.5 *
8 Low risk 459 87.8 *
9 Moderate risk 505 88.0 1.4
10 Other 599 95.6 3.0
11 Daily 401 68.6 2.6
12 Minimal risk * * *
13 Low risk 283 97.5 .2
14 Moderate risk 482 90.9 .8
15 Other 583 90.7 .6
16 2 to 30 days 296 64.3 2.3
17 Minimal risk 546 100.0 *
18 Low risk 1,174 80.9 *
19 Moderate risk 734 85.7 8.0
20 Other 261 97.5 3.0
21 31 to 365 days 284 77.3 2.8
22 Minimal risk 199 85.2 *
23 Low risk 601 94.2 12.0
24 Moderate risk 288 82.5 2.1
25 Other 356 83.1 1.1
Months
26 More than 365 days 64 92.7 8.0
27 Minimal risk 29 95.8 *
28 Low risk 66 97.9 .8
28 Moderate risk 69 87.3 9.1
30 Other 61 98.6 17.3
Weighted-
average
maturity/
repricing
interval (3)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 409 90.0 1.9
32 100-999 449 88.8 4.3
33 1,000-9,999 275 69.8 4.4
34 10,000 or more * * *
BASE RATE OF LOAN (4)
35 Prime (7) 243 88.2 4.1
36 Other 551 69.2 3.0
Percent
of amounts
of loans
(percent) Commitment status
Average
Percent months
Risk (2) and made since
maturity/repricing under loan terms
interval (3) of loans Prime based commitment set
LOAN RISK (5)
1 All commercial and
industrial loans 59.1 65.3 4.9
2 Minimal risk 34.4 79.1 3.4
3 Low risk 64.0 69.1 5.4
4 Moderate risk 65.4 82.7 6.5
5 Other 73.3 70.4 2.9
By maturity/repricing
interval (6)
6 Zero interval 83.6 70.4 6.0
7 Minimal risk 41.9 94.8 3.0
8 Low risk 91.7 60.5 9.1
9 Moderate risk 96.0 88.8 7.5
10 Other 83.0 66.6 4.4
11 Daily 57.3 62.9 7.5
12 Minimal risk * * *
13 Low risk 97.7 38.8 5.2
14 Moderate risk 56.8 95.6 5.1
15 Other 97.3 80.6 3.5
16 2 to 30 days 50.9 59.5 2.4
17 Minimal risk 44.2 99.4 .6
18 Low risk 31.1 98.3 9.3
19 Moderate risk 40.6 81.6 10.3
20 Other 94.0 96.1 .3
21 31 to 365 days 24.6 61.8 5.9
22 Minimal risk 23.3 67.0 5.9
23 Low risk 52.9 90.5 1.9
24 Moderate risk 22.4 80.9 8.0
25 Other 21.7 64.1 4.0
26 More than 365 days 36.0 63.7 2.4
27 Minimal risk 25.2 49.6 2.4
28 Low risk 15.6 79.4 2.6
28 Moderate risk 50.7 69.6 3.4
30 Other 35.7 64.8 1.9
SIZE OF LOAN
(thousands of dollars)
31 1-99 66.4 75.3 6.3
32 100-999 65.6 74.9 5.9
33 1,000-9,999 50.9 50.5 2.1
34 10,000 or more * * *
Average
size
(thousands
of dollars)
BASE RATE OF LOAN (4)
35 Prime (7) 81.0 76.9 5
36 Other 99.0 48.6 4
Footnotes appear at end of table.
4.23 TERMS OF LENDING AT COMMERCIAL BANKS Survey of Loans Made, May
5-9, 2003
E. Commercial and industrial loans made by U.S. branches and agencies
of foreign banks (1)
Weighted-
average Amount of Average
effective loans loan size
Risk (2) and loan (millions (thousands
maturity/repricing rate (4) of of
interval (3) of loans (percent) dollars) dollars)
LOAN RISK (5)
1 All commercial and
industrial loans 2.80 22,208 4,386
2 Minimal risk 2.21 865 4,532
3 Low risk 2.60 4,325 8,332
4 Moderate risk 2.63 3,759 3,119
5 Other 3.02 10,514 3,857
By maturity/repricing
interval (6)
6 Zero interval 4.80 3,119 2,711
7 Minimal risk * * *
8 Low risk 4.14 1,076 17,857
9 Moderate risk 3.57 398 1,841
10 Other 5.58 1,536 1,854
11 Daily 2.32 11,436 8,963
12 Minimal risk 1.85 409 5,095
13 Low risk 1.81 1,491 9,376
14 Moderate risk 2.00 1,705 7,543
15 Other 2.46 6,178 9,893
16 2 to 30 days 2.49 3,621 2,872
17 Minimal risk * * *
18 Low risk 1.87 297 3,774
19 Moderate risk 2.59 775 1,978
20 Other 2.59 2,089 3,346
21 31 to 365 days 2.85 3,906 2,890
22 Minimal risk * * *
23 Low risk 2.31 1,405 6,824
24 Moderate risk 3.48 846 2,306
25 Other 3.60 674 1,048
26 More than 365 days * * *
27 Minimal risk * * *
28 Low risk * * *
28 Moderate risk * * *
30 Other * * *
Weighted-
average
risk
rating (2)
SIZE OF LOAN
(thousands of dollars)
31 1-99 3.77 24 4.0
32 100-999 3.65 688 3.5
33 1,000-9,999 3.30 7,083 3.7
34 10,000 or more 2.51 14,412 3.4
BASE RATE OF LOAN (4)
35 Prime (7) 5.30 3,301 3.6
36 Other 2.36 18,907 3.5
Percent of amount of
loans (percent)
Weighted-
average Subject
Risk (2) and maturity (5) Secured to pre-
maturity/repricing by payment
interval (3) of loans Days collateral penalty
LOAN RISK (5)
1 All commercial and
industrial loans 220 14.6 42.4
2 Minimal risk 235 1.5 18.7
3 Low risk 620 1.5 30.6
4 Moderate risk 183 15.4 37.4
5 Other 94 24.0 37.7
By maturity/repricing
interval (6)
6 Zero interval 747 6.2 29.6
7 Minimal risk * * *
8 Low risk 1,093 * 10.2
9 Moderate risk 451 20.4 45.8
10 Other 360 7.3 40.5
11 Daily 15 16.1 36.1
12 Minimal risk 1 * *
13 Low risk 24 .1 58.1
14 Moderate risk 71 7.0 10.0
15 Other 1 27.7 23.3
16 2 to 30 days 113 18.7 68.9
17 Minimal risk * * *
18 Low risk 162 .1 53.6
19 Moderate risk 58 21.7 66.6
20 Other 126 23.7 70.4
21 31 to 365 days 584 12.1 46.9
22 Minimal risk * * *
23 Low risk 991 .6 13.3
24 Moderate risk 342 24.6 63.5
25 Other 444 29.4 58.4
Months
26 More than 365 days * * *
27 Minimal risk * * *
28 Low risk * * *
28 Moderate risk * * *
30 Other * * *
Weighted-
average
maturity/
repricing
interval (3)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 32 29.2 21.5
32 100-999 27 27.1 55.6
33 1,000-9,999 22 10.1 52.0
34 10,000 or more 14 16.1 37.1
BASE RATE OF LOAN (4)
35 Prime (7) 4 15.9 15.9
36 Other 19 14.4 47.0
Percent
of amounts
of loans
(percent) Commitment status
Average
Percent months
Risk (2) and made since
maturity/repricing under loan terms
interval (3) of loans Prime based commitment set
LOAN RISK (5)
1 All commercial and
industrial loans 14.9 63.0 12.6
2 Minimal risk 12.0 93.0 3.4
3 Low risk 22.8 82.5 8.7
4 Moderate risk 11.0 86.5 10.0
5 Other 16.5 58.3 16.1
By maturity/repricing
interval (6)
6 Zero interval 70.5 99.9 43.7
7 Minimal risk * * *
8 Low risk 89.8 100.0 40.0
9 Moderate risk 55.1 100.0 31.5
10 Other 59.4 99.9 47.7
11 Daily 6.8 52.1 2.0
12 Minimal risk * 100.0 .0
13 Low risk * 56.7 1.2
14 Moderate risk 1.8 93.0 .8
15 Other 12.0 50.4 3.0
16 2 to 30 days 4.1 50.4 10.2
17 Minimal risk * * *
18 Low risk * 67.6 11.6
19 Moderate risk 16.3 69.5 12.1
20 Other 1.1 46.5 9.8
21 31 to 365 days 4.5 77.7 15.2
22 Minimal risk * * *
23 Low risk 1.4 99.1 15.7
24 Moderate risk 4.6 86.4 20.3
25 Other 8.6 75.8 11.7
26 More than 365 days * * *
27 Minimal risk * * *
28 Low risk * * *
28 Moderate risk * * *
30 Other * * *
SIZE OF LOAN
(thousands of dollars)
31 1-99 41.9 88.2 11.4
32 100-999 31.3 86.4 24.8
33 1,000-9,999 18.7 64.7 19.7
34 10,000 or more 12.2 61.0 7.2
Average
size
(thousands
of dollars)
BASE RATE OF LOAN (4)
35 Prime (7) 2,306 76.5 41.9
36 Other 5,206 60.6 8.6
Footnotes appear at end of table.
4.23 TERMS OF LENDING AT COMMERCIAL BANKS Survey of Loans Made, May
5-9, 2003
F. Commercial and industrial loans by date pricing terms were set and
commitment status
Weighted-
average Average Average
effective of loans loan size
Date pricing terms were loan (millions thousands
set and commitment rate (4) of of
status (percent) dollars) dollars)
All commercial banks
1 During survey week 2.91 33,214 698
2 Not under commitment 2.79 16,646 713
3 Informal commitment 2.57 12,488 1,178
4 Formal commitment 4.42 4,080 300
Prior to survey
week (9)
5 Up to 90 day 4.48 2,570 235
6 91 to 365 days 3.85 4,306 200
7 More than 365 days 3.75 10,345 415
Domestic banks
8 During survey week 3.34 18,515 411
9 Not under commitment 2.99 8,428 380
10 Informal commitment 3.14 6,092 653
11 Formal commitment 4.39 3,996 294
Prior to survey
week (9)
12 Up 1o 90 days 4.51 2,329 215
13 91 to 365 days 3.93 3,301 156
14 More than 365 days 3.67 6,697 288
Large domestic banks
15 During survey week 2.94 15,094 1,285
16 Not under commitment 2.49 6,482 1,058
17 Informal commitment 2.86 5,536 1,302
18 Formal commitment 4.03 3,076 2,252
Prior to survey
week (9)
19 Up to 90 days 4.26 1,808 411
20 91 to 365 days 3.68 2,730 239
21 More than 365 days 3.63 6,462 331
Small domestic banks
22 During survey week 5.11 3,421 103
23 Not under commitment 4.66 1,945 121
24 Informal commitment 5.86 556 110
25 Formal commitment 5.60 919 75
Prior to survey
week (9)
26 Up to 90 days 5.37 521 81
27 91 to 365 days 5.13 570 59
28 More than 365 days 4.60 236 63
Foreign banks
29 During survey week 2.36 14,698 5,948
30 Not under commitment 2.58 8,218 7,052
31 Informal commitment 2.02 6,396 5,033
32 Formal commitment * *
Prior to survey
week (9)
33 Up to 90 days 4.20 240 2,279
34 91 to 365 days 3.58 1,006 2,634
35 More than 365 days 3.89 3,647 2,181
Weighted-
average
maturity
Weighted- repricing
Date pricing terms were average interval
set and commitment risk
status rating (2) Days
All commercial banks
1 During survey week 3.2 125
2 Not under commitment 3.4 115
3 Informal commitment 3.0 83
4 Formal commitment 3.3 295
Prior to survey
week (9)
5 Up to 90 day 3.4 758
6 91 to 365 days 3.2 107
7 More than 365 days 3.5 93
Domestic banks
8 During survey week 2.9 216
9 Not under commitment 2.7 213
10 Informal commitment 2.8 164
11 Formal commitment 3.3 301
Prior to survey
week (9)
12 Up 1o 90 days 3.3 832
13 91 to 365 days 3.3 132
14 More than 365 days 3.3 136
Large domestic banks
15 During survey week 2.8 168
16 Not under commitment 2.6 168
17 Informal commitment 2.8 135
18 Formal commitment 3.4 226
Prior to survey
week (9)
19 Up to 90 days 3.4 977
20 91 to 365 days 3.3 94
21 More than 365 days 3.3 126
Small domestic banks
22 During survey week 3.4 430
23 Not under commitment 3.3 366
24 Informal commitment 3.8 449
25 Formal commitment 3.2 552
Prior to survey
week (9)
26 Up to 90 days 3.1 329
27 91 to 365 days 3.0 313
28 More than 365 days 3.1 420
Foreign banks
29 During survey week 3.7 11
30 Not under commitment 4.2 14
31 Informal commitment 3.2 7
32 Formal commitment * *
Prior to survey
week (9)
33 Up to 90 days 3.6 46
34 91 to 365 days 3.0 28
35 More than 365 days 3.9 15
Percent of amount of loans
Subject
Date pricing terms were Secured to pre-
set and commitment by payment Prime
status collateral penalty based
All commercial banks
1 During survey week 31.9 33.3 18.0
2 Not under commitment 31.3 35.0 14.4
3 Informal commitment 19.6 41.4 8.5
4 Formal commitment 72.3 1.5 61.1
Prior to survey
week (9)
5 Up to 90 day 60.2 35.9 44.3
6 91 to 365 days 63.1 12.0 54.1
7 More than 365 days 41.4 18.2 38.9
Domestic banks
8 During survey week 45.4 23.2 27.3
9 Not under commitment 36.8 1.6 19.3
10 Informal commitment 40.1 67.8 16.2
11 Formal commitment 71.8 .8 61.1
Prior to survey
week (9)
12 Up 1o 90 days 59.5 32.0 46.9
13 91 to 365 days 76.0 3.8 62.6
14 More than 365 days 55.9 2.2 46.5
Large domestic banks
15 During survey week 38.5 27.5 22.5
16 Not under commitment 28.3 0.7 13.3
17 Informal commitment 34.5 73.9 10.9
18 Formal commitment 67.1 0.3 62.6
Prior to survey
week (9)
19 Up to 90 days 51.7 39.2 37.5
20 91 to 365 days 73.4 4.5 56.8
21 More than 365 days 55.1 2.1 45.2
Small domestic banks
22 During survey week 76.0 4.4 48.8
23 Not under commitment 65.1 4.5 39.4
24 Informal commitment 95.1 7.1 69.5
25 Formal commitment 87.3 2.6 55.9
Prior to survey
week (9)
26 Up to 90 days 86.6 6.8 79.4
27 91 to 365 days 88.1 .6 90.4
28 More than 365 days 77.5 3.3 81.8
Foreign banks
29 During survey week 15.0 46.0 6.2
30 Not under commitment 25.8 69.3 9.4
31 Informal commitment .0 16.3 1.2
32 Formal commitment * * *
Prior to survey
week (9)
33 Up to 90 days 67.6 74.0 19.3
34 91 to 365 days 21.0 38.7 26.0
35 More than 365 days 14.9 47.6 24.8
NOTE. The Survey of Terms of Business Lending collects data on gross
loan extensions made during the first full business week in the
mid-month of each quarter. The authorized panel size for the survey is
348 domestically chartered commercial banks and 50 U.S. branches and
agencies of foreign banks. The sample data are used to estimate the
terms of loans extended during that week at all domestic commercial
banks and all U.S. branches and agencies at foreign banks. Note that
the terms on loans extended during the survey week may differ from
these extended during other weeks of the quarter. The estimates
reported here are not intended to measure the average terms on all
business loans in bank portfolios.
(1.) As of March 31, 2001, assets of the large banks were at least $4
billion. Median total assets for all insured banks were roughly $80
million. Assets at all U.S. branches and agencies averaged $2.7
billion.
(2.) A complete description of these risk categories is available at
"http://www.federalreserve.gov/boarddocs/reportforms/ReportDetail.cfm?
WhichFormId=FR_2028a/s." The category "Moderate risk" includes the
average loan, under average economic conditions, at the typical lender.
The "Other" category includes loans rated "Acceptable" as well as
special mention or classified loans. The weighted-average risk rating
published for loans in rows 31-36 are calculated by assigning a value
of "1" to minimal risk loans; "2" to low risk loans; "3" to moderate
risk loans, "4" to acceptable risk loans; and "5" to special mention
and classified loans. These values are weighted by loan amount and
exclude loans with no risk rating. Some of the loans in table rows 1,
6, 11, 16, 21, 26, and 31-36 are not rated for risk.
(3.) The "maturity/repricing" interval measures the period from the
date the loan is made until it first may be repriced or matures. For
floating-rate loans that are subject to repricing at any time--such as
many prime-bused loans--the maturity/repricing interval is zero. For
floating-rate loans that have a scheduled repricing interval, the
maturity/repricing interval measures the number of days between the
date the loan is made and the date on which it is next scheduled to
reprice. For loans having rates that remain fixed until the loan
matures (fixed-rate loans), the "maturity/repricing" interval measures
the number of days between the date the loan is made and the date on
which it matures. Loans that reprice daily mature or reprice on the
business day after they are made. Owing to weekends and holidays, such
loans may have "maturity/repricing" intervals in excess of one day,
such loans are not included in the 2 to 30 day category.
(4.) Effective (compounded) annual interest rates are calculated from
the stated rate and other terms of the loans and weighted by loan
amount. The standard error of the loan rate for all commercial and
industrial loans in the current survey (line 1, column 1) is 0.10
percentage point. The chances are about two out of three that the
average rate shown would differ by less than this amount from the
average rate that would be found by a complete survey of the universe
of all banks.
(5.) Average maturities are weighted by loan amount and exclude loans
with no stated maturities.
(6.) For loans made under formal commitments, the average time interval
between the date on which the loan pricing was set and the date on
which the loan was made, weighted by the loan amount. For loans under
informal commitment, the time interval is zero.
(7.) Prime-based loans are based on the lending bank's own prime rate,
any other lender's prime rate, a combination of prime rates, or a
publicly reported prime rate. Loans with "other" base rates include
loan rates expressed in terms of any other base rate (e.g., the federal
funds rate or LIBOR) and loans for which no base rate is used to
determine the loan rate.
(8.) For the current survey, the average reported prime rate, weighted
by the amount of loans priced relative to a prime base rate, was 4.27
percent for all banks, 4.25 percent for large domestic banks, and 4.25
percent for U.S. branches and agencies of foreign banks.
(9.) For loans made under formal commitments.
4.30 ASSETS AND LIABILITIES of U.S. Branches and Agencies of Foreign
Banks, March 31, 2003 (1)
Millions of dollars except as noted
All states (2)
Total IBFs
including only (3)
Item IBFs (3)
1 Total assets (4) 1,040,935 117,055
2 Claims on nonrelated parties 789,936 47,825
3 Cash and balances due from
depository institutions 62,821 19,213
4 Cash items in process of
collection and unposted
debits 2,495 0
5 Currency and coin (U.S. and
foreign) 18 n.a.
6 Balances with depository
institutions in United States 38,260 7,539
7 U.S. branches and agencies of
other foreign banks
(including their IBFs) 31,938 6,979
8 Other depository institutions
in United States (including
their IBFs) 6,322 560
9 Balances with banks in foreign
countries and with foreign
central banks 21,029 11,674
10 Foreign branches of U.S. banks 155 89
11 Banks in home country and
home-country central banks 5,809 2,713
12 All other banks in foreign
countries and foreign
central banks 15,066 8,872
13 Balances with Federal Reserve
Banks 1,019 n.a.
14 Total securities and loans 418,478 22,915
15 Total securities, book value 135,070 4,560
16 U.S. Treasury 19,175 n.a.
17 Obligations of U.S. government
agencies and corporations 23,381 n.a.
18 Other bonds, notes, debentures,
and corporate stock
(including state and local
securities) 92,514 4,560
19 Securities of foreign
governmental units 8,936 2,852
20 Mortgage backed securities 33,484 0
21 Issued or guaranteed by
U.S. government agencies 28,493 0
22 Other 4,992 0
23 Other asset-backed securities 9,953 57
24 All other 40,141 1,651
25 Federal funds sold 24,326 5,085
26 With depository institutions in
the U.S. 15,929 3,405
27 With others 8,397 1,680
28 Securities purchased under
agreements to resell 111,933 0
29 With depository institutions in
the U.S. 13,469 0
30 With others 98,464 0
31 Total loans, gross 283,807 18,367
32 LESS: Unearned income on loans 399 12
33 EQUALS: Loans, net 283,408 18,355
Total loans, gross, by category 18,987 53
34 Real estate loans
35 Loans to depository institutions
and acceptances of other banks 65,697 6,307
36 Commercial banks in United
States (including their IBFs) 2,340 520
37 U.S. branches and agencies of
other foreign banks 1,559 489
38 Other commercial banks in
United States 781 31
39 Other depository institutions
in United States (including
their IBFs) 0 0
40 Banks in foreign countries 9,854 5,390
41 Foreign branches of U.S.
banks 89 46
42 Other banks in foreign
countries 9,764 5,344
43 Loans to other financial
institutions 53,503 398
44 Commercial and industrial loans 177,151 10,461
45 U.S. addressees (domicile) 142,869 124
46 Non-U.S. addressees (domicile) 34,282 10,337
47 Loans to foreign governments and
official institutions
(including foreign central
banks) 4,133 1,474
48 Loans for purchasing or carrying
securities (secured and
unsecured) 10,760 4
49 All other loans 6,324 68
50 Lease financing receivables (net
of unearned income) 755 0
51 U.S. addressees (domicile) 714 0
52 Non-U.S. addressees (domicile) 40 0
53 Trading assets 136,545 168
54 U.S. Treasury and agency
securities 32,490 0
55 Other trading assets 104,055 168
56 All other assets 35,834 443
57 Customers' liabilities on
acceptances outstanding 504 n.a.
58 U.S. addressees (domicile) 390 n.a.
59 Non-U.S. addressees
(domicile) 115 n.a.
60 Other assets including other
claims on nonrelated parties 35,329 443
61 Net due from related depository
institutions (5) 250,999 69,230
62 Net due from head office and
other related depository
institutions (5) 250,999 n.a.
63 Net due from establishing
entity, head office, and
other related depository
institutions (5) n.a. 69,230
64 Total liabilities (4) 1,040,935 117,055
65 Liabilities to nonrelated parties 915,209 102,566
New York
Total IBFs
including only
Item IBFs
1 Total assets (4) 916,528 93,547
2 Claims on nonrelated parties 707,202 44,399
3 Cash and balances due from
depository institutions 55,345 17,393
4 Cash items in process of
collection and unposted
debits 2,449 0
5 Currency and coin (U.S. and
foreign) 14 n.a.
6 Balances with depository
institutions in United States 33,267 6,343
7 U.S. branches and agencies of
other foreign banks
(including their IBFs) 27,461 5,846
8 Other depository institutions
in United States (including
their IBFs) 5,807 497
9 Balances with banks in foreign
countries and with foreign
central banks 18,717 11,050
10 Foreign branches of U.S. banks 134 69
11 Banks in home country and
home-country central banks 4,149 2,688
12 All other banks in foreign
countries and foreign
central banks 14,434 8,293
13 Balances with Federal Reserve
Banks 898 n.a.
14 Total securities and loans 357,880 21,416
15 Total securities, book value 124,085 4,195
16 U.S. Treasury 17,009 n.a.
17 Obligations of U.S. government
agencies and corporations 22,563 n.a.
18 Other bonds, notes, debentures,
and corporate stock
(including state and local
securities) 84,514 4,195
19 Securities of foreign
governmental units 8,455 2,781
20 Mortgage backed securities 28,773 0
21 Issued or guaranteed by
U.S. government agencies 25,981 0
22 Other 2,792 0
23 Other asset-backed securities 9,878 57
24 All other 37,409 1,356
25 Federal funds sold 23,203 5,008
26 With depository institutions in
the U.S. 14,816 3,335
27 With others 8,387 1,673
28 Securities purchased under
agreements to resell 111,807 0
29 With depository institutions in
the U.S. 13,449 0
30 With others 98,358 0
31 Total loans, gross 234,146 17,232
32 LESS: Unearned income on loans 352 10
33 EQUALS: Loans, net 233,795 17,222
Total loans, gross, by category 14,914 53
34 Real estate loans
35 Loans to depository institutions
and acceptances of other banks 54,440 5,717
36 Commercial banks in United
States (including their IBFs) 1,647 406
37 U.S. branches and agencies of
other foreign banks 896 376
38 Other commercial banks in
United States 751 31
39 Other depository institutions
in United States (including
their IBFs) 0 0
40 Banks in foreign countries 8,049 4,963
41 Foreign branches of U.S.
banks 89 46
42 Other banks in foreign
countries 7,960 4,917
43 Loans to other financial
institutions 44,744 348
44 Commercial and industrial loans 144,841 9,960
45 U.S. addressees (domicile) 115,181 124
46 Non-U.S. addressees (domicile) 29,661 9,836
47 Loans to foreign governments and
official institutions
(including foreign central
banks) 3,406 1,441
48 Loans for purchasing or carrying
securities (secured and
unsecured) 10,464 0
49 All other loans 5,731 61
50 Lease financing receivables (net
of unearned income) 351 0
51 U.S. addressees (domicile) 351 0
52 Non-U.S. addressees (domicile) 0 0
53 Trading assets 125,594 168
54 U.S. Treasury and agency
securities 32,293 0
55 Other trading assets 93,300 168
56 All other assets 33,374 413
57 Customers' liabilities on
acceptances outstanding 413 n.a.
58 U.S. addressees (domicile) 329 n.a.
59 Non-U.S. addressees
(domicile) 85 n.a.
60 Other assets including other
claims on nonrelated parties 32,960 413
61 Net due from related depository
institutions (5) 209,326 49,148
62 Net due from head office and
other related depository
institutions (5) 209,326 n.a.
63 Net due from establishing
entity, head office, and
other related depository
institutions (5) n.a. 49,148
64 Total liabilities (4) 916,528 93,547
65 Liabilities to nonrelated parties 812,842 79,427
California
Total IBFs
including only
Item IBFs
1 Total assets (4) 17,105 4,931
2 Claims on nonrelated parties 15,651 1,127
3 Cash and balances due from
depository institutions 1,208 593
4 Cash items in process of
collection and unposted
debits 1 0
5 Currency and coin (U.S. and
foreign) 1 n.a.
6 Balances with depository
institutions in United States 833 262
7 U.S. branches and agencies of
other foreign banks
(including their IBFs) 612 212
8 Other depository institutions
in United States (including
their IBFs) 221 50
9 Balances with banks in foreign
countries and with foreign
central banks 338 331
10 Foreign branches of U.S. banks 20 20
11 Banks in home country and
home-country central banks 25 25
12 All other banks in foreign
countries and foreign
central banks 293 286
13 Balances with Federal Reserve
Banks 35 n.a.
14 Total securities and loans 13,925 466
15 Total securities, book value 1,533 282
16 U.S. Treasury 60 n.a.
17 Obligations of U.S. government
agencies and corporations 82 n.a.
18 Other bonds, notes, debentures,
and corporate stock
(including state and local
securities) 1,391 282
19 Securities of foreign
governmental units 62 35
20 Mortgage backed securities 220 0
21 Issued or guaranteed by
U.S. government agencies 220 0
22 Other 0 0
23 Other asset-backed securities 0 0
24 All other 1,109 247
25 Federal funds sold 348 64
26 With depository institutions in
the U.S. 345 64
27 With others 3 0
28 Securities purchased under
agreements to resell 0 0
29 With depository institutions in
the U.S. 0 0
30 With others 0 0
31 Total loans, gross 12,415 185
32 LESS: Unearned income on loans 23 1
33 EQUALS: Loans, net 12,392 184
Total loans, gross, by category 3,183 0
34 Real estate loans
35 Loans to depository institutions
and acceptances of other banks 1,808 78
36 Commercial banks in United
States (including their IBFs) 376 10
37 U.S. branches and agencies of
other foreign banks 371 10
38 Other commercial banks in
United States 5 0
39 Other depository institutions
in United States (including
their IBFs) 0 0
40 Banks in foreign countries 148 68
41 Foreign branches of U.S.
banks 0 0
42 Other banks in foreign
countries 148 68
43 Loans to other financial
institutions 1,284 0
44 Commercial and industrial loans 6,981 85
45 U.S. addressees (domicile) 6,447 0
46 Non-U.S. addressees (domicile) 534 85
47 Loans to foreign governments and
official institutions
(including foreign central
banks) 257 22
48 Loans for purchasing or carrying
securities (secured and
unsecured) 0 0
49 All other loans 186 0
50 Lease financing receivables (net
of unearned income) 0 0
51 U.S. addressees (domicile) 0 0
52 Non-U.S. addressees (domicile) 0 0
53 Trading assets 22 0
54 U.S. Treasury and agency
securities 2 0
55 Other trading assets 20 0
56 All other assets 148 3
57 Customers' liabilities on
acceptances outstanding 36 n.a.
58 U.S. addressees (domicile) 35 n.a.
59 Non-U.S. addressees
(domicile) 1 n.a.
60 Other assets including other
claims on nonrelated parties 112 3
61 Net due from related depository
institutions (5) 1,454 3,803
62 Net due from head office and
other related depository
institutions (5) 1,454 n.a.
63 Net due from establishing
entity, head office, and
other related depository
institutions (5) n.a. 3,803
64 Total liabilities (4) 17,105 4,931
65 Liabilities to nonrelated parties 9,708 4,787
Illinois
Total IBFs
including only
Item IBFs
1 Total assets (4) 33,095 3,117
2 Claims on nonrelated parties 32,916 1,177
3 Cash and balances due from
depository institutions 1,770 1,093
4 Cash items in process of
collection and unposted
debits 28 0
5 Currency and coin (U.S. and
foreign) 0 n.a.
6 Balances with depository
institutions in United States 1,453 843
7 U.S. branches and agencies of
other foreign banks
(including their IBFs) 1,385 843
8 Other depository institutions
in United States (including
their IBFs) 68 0
9 Balances with banks in foreign
countries and with foreign
central banks 277 250
10 Foreign branches of U.S. banks 0 0
11 Banks in home country and
home-country central banks 4 0
12 All other banks in foreign
countries and foreign
central banks 274 250
13 Balances with Federal Reserve
Banks 11 n.a.
14 Total securities and loans 25,317 81
15 Total securities, book value 4,914 1
16 U.S. Treasury 1,994 n.a.
17 Obligations of U.S. government
agencies and corporations 408 n.a.
18 Other bonds, notes, debentures,
and corporate stock
(including state and local
securities) 2,513 1
19 Securities of foreign
governmental units 368 1
20 Mortgage backed securities 822 0
21 Issued or guaranteed by
U.S. government agencies 822 0
22 Other 0 0
23 Other asset-backed securities 0 0
24 All other 1,322 0
25 Federal funds sold 251 0
26 With depository institutions in
the U.S. 250 0
27 With others 0 0
28 Securities purchased under
agreements to resell 106 0
29 With depository institutions in
the U.S. 0 0
30 With others 106 0
31 Total loans, gross 20,404 80
32 LESS: Unearned income on loans 1 0
33 EQUALS: Loans, net 20,402 80
Total loans, gross, by category 53 0
34 Real estate loans
35 Loans to depository institutions
and acceptances of other banks 6,153 80
36 Commercial banks in United
States (including their IBFs) 5 0
37 U.S. branches and agencies of
other foreign banks 0 0
38 Other commercial banks in
United States 5 0
39 Other depository institutions
in United States (including
their IBFs) 0 0
40 Banks in foreign countries 860 30
41 Foreign branches of U.S.
banks 0 0
42 Other banks in foreign
countries 860 30
43 Loans to other financial
institutions 5,288 50
44 Commercial and industrial loans 13,319 0
45 U.S. addressees (domicile) 12,024 0
46 Non-U.S. addressees (domicile) 1,295 0
47 Loans to foreign governments and
official institutions
(including foreign central
banks) 278 0
48 Loans for purchasing or carrying
securities (secured and
unsecured) 99 0
49 All other loans 97 0
50 Lease financing receivables (net
of unearned income) 404 0
51 U.S. addressees (domicile) 364 0
52 Non-U.S. addressees (domicile) 40 0
53 Trading assets 4,314 0
54 U.S. Treasury and agency
securities 0 0
55 Other trading assets 4,313 0
56 All other assets 1,159 3
57 Customers' liabilities on
acceptances outstanding 30 n.a.
58 U.S. addressees (domicile) 26 n.a.
59 Non-U.S. addressees
(domicile) 5 n.a.
60 Other assets including other
claims on nonrelated parties 1,129 3
61 Net due from related depository
institutions (5) 179 1,940
62 Net due from head office and
other related depository
institutions (5) 179 n.a.
63 Net due from establishing
entity, head office, and
other related depository
institutions (5) n.a. 1,940
64 Total liabilities (4) 33,095 3,117
65 Liabilities to nonrelated parties 28,928 3,086
Footnotes appear at end of table.
4.30 ASSETS AND LIABILITIES of U.S. Branches and Agencies of Foreign
Banks, March 31, 2003 (1)
Millions of dollars except us noted
All states (2)
Total IBFs
excluding only (3)
Item IBFs (3)
66 Total deposits and credit
balances 429,151 70,314
67 Individuals, partnerships, and
corporations (including
certified and official
checks) 333,998 81,127
68 U.S. addressees (domicile) 318,248 235
69 Non-U.S. addressees
(domicile) 15,150 7,791
70 Commercial banks in United
States (including their
IBFs) 58,633 5,736
71 U.S. branches and agencies
of other foreign banks 18,718 4,948
72 Other commercial banks in
United States 39,915 788
73 Banks in foreign countries 8,385 27,595
74 Foreign branches of U.S.
banks 1,335 2,050
75 Other banks in foreign
countries 7,050 25,546
76 Foreign governments and
official institutions
(including foreign central
banks) 8,197 28,956
77 All other deposits and credit
balances 20,538 0
78 Transaction accounts and credit
balances (excluding IBFs) 9,184 n.a.
79 Individuals, partnerships, and
corporations (including
certified and official
checks) 8,066 n.a.
80 U.S. addressees (domicile) 5,326 n.a.
81 Non-U.S. addressees
(domicile) 2,739 n.a.
82 Commercial banks in United
States (including their
IBFs) 105 n.a.
83 U.S. branches and agencies
of other foreign banks 7 n.a.
84 Other commercial banks in
United States 99 n.a.
85 Banks in foreign countries 685 n.a.
86 Foreign branches of U.S.
banks 30 n.a.
87 Other banks in foreign
countries 655 n.a.
88 Foreign governments and
official institutions
(including foreign central
banks) 254 n.a.
89 All other deposits and credit
balances 74 n.a.
90 Nontransaction accounts
(including MMDAs, excluding
IBFs) 419,967 n.a.
91 Individuals, partnerships, and
corporations (including
certified and official
checks) 325,333 n.a.
92 U.S. addressees (domicile) 312,922 n.a.
93 Non-U.S. addressees
(domicile) 12,411 n.a.
94 Commercial banks in United
States (including their
IBFs) 58,527 n.a.
95 U.S. branches and agencies
of other foreign banks 18,711 n.a.
96 Other commercial banks in
United States 39,816 n.a.
97 Banks in foreign countries 7,700 n.a.
98 Foreign branches of U.S.
banks 1,305 n.a.
99 Other banks in foreign
countries 6,396 n.a.
100 Foreign governments and
official institutions
(including foreign central
banks) 7,943 n.a.
101 All other deposits and credit
balances 20,463 n.a.
102 IBF deposit liabilities n.a. 70,314
103 Individuals, partnerships, and
corporations (including
certified and official
checks) n.a. 8,027
104 U.S. addressees (domicile) n.a. 235
105 Non-U.S. addressees
(domicile) n.a. 7,791
106 Commercial banks in United
States (including their
IBFs) n.a. 5,736
107 U.S. branches and agencies
of other foreign banks n.a. 4,948
108 Other commercial banks in
United States n.a. 788
109 Banks in foreign countries n.a. 27,595
110 Foreign branches of U.S.
banks n.a. 2,050
111 Other banks in foreign
countries n.a. 25,546
112 Foreign governments and
official institutions
(including foreign central
banks) n.a. 28,956
113 All other deposits and credit
balance n.a. 0
New York
Total IBFs
excluding only
Item IBFs
66 Total deposits and credit
balances 377,610 55,075
67 Individuals, partnerships, and
corporations (including
certified and official
checks) 286,132 4,231
68 U.S. addressees (domicile) 276,764 235
69 Non-U.S. addressees
(domicile) 9,368 3,995
70 Commercial banks in United
States (including their
IBFs) 56,102 5,368
71 U.S. branches and agencies
of other foreign banks 18,305 4,632
72 Other commercial banks in
United States 37,797 736
73 Banks in foreign countries 8,065 21,518
74 Foreign branches of U.S.
banks 1,334 1,369
75 Other banks in foreign
countries 6,730 20,149
76 Foreign governments and
official institutions
(including foreign central
banks) 8,113 23,958
77 All other deposits and credit
balances 19,198 0
78 Transaction accounts and credit
balances (excluding IBFs) 7,247 n.a.
79 Individuals, partnerships, and
corporations (including
certified and official
checks) 6,294 n.a.
80 U.S. addressees (domicile) 4,935 n.a.
81 Non-U.S. addressees
(domicile) 1,358 n.a.
82 Commercial banks in United
States (including their
IBFs) 105 n.a.
83 U.S. branches and agencies
of other foreign banks 7 n.a.
84 Other commercial banks in
United States 98 n.a.
85 Banks in foreign countries 573 n.a.
86 Foreign branches of U.S.
banks 30 n.a.
87 Other banks in foreign
countries 543 n.a.
88 Foreign governments and
official institutions
(including foreign central
banks) 213 n.a.
89 All other deposits and credit
balances 62 n.a.
90 Nontransaction accounts
(including MMDAs, excluding
IBFs) 370,364 n.a.
91 Individuals, partnerships, and
corporations (including
certified and official
checks) 279,839 n.a.
92 U.S. addressees (domicile) 271,829 n.a.
93 Non-U.S. addressees
(domicile) 8,010 n.a.
94 Commercial banks in United
States (including their
IBFs) 55,997 n.a.
95 U.S. branches and agencies
of other foreign banks 18,299 n.a.
96 Other commercial banks in
United States 37,699 n.a.
97 Banks in foreign countries 7,492 n.a.
98 Foreign branches of U.S.
banks 1,305 n.a.
99 Other banks in foreign
countries 6,187 n.a.
100 Foreign governments and
official institutions
(including foreign central
banks) 7,900 n.a.
101 All other deposits and credit
balances 19,136 n.a.
102 IBF deposit liabilities n.a. 55,075
103 Individuals, partnerships, and
corporations (including
certified and official
checks) n.a. 4,231
104 U.S. addressees (domicile) n.a. 235
105 Non-U.S. addressees
(domicile) n.a. 3,995
106 Commercial banks in United
States (including their
IBFs) n.a. 5,368
107 U.S. branches and agencies
of other foreign banks n.a. 4,632
108 Other commercial banks in
United States n.a. 736
109 Banks in foreign countries n.a. 21,518
110 Foreign branches of U.S.
banks n.a. 1,369
111 Other banks in foreign
countries n.a. 20,149
112 Foreign governments and
official institutions
(including foreign central
banks) n.a. 23,958
113 All other deposits and credit
balance n.a. 0
California
Total IBFs
excluding only
Item IBFs
66 Total deposits and credit
balances 3,918 2,768
67 Individuals, partnerships, and
corporations (including
certified and official
checks) 3,418 156
68 U.S. addressees (domicile) 1,999 0
69 Non-U.S. addressees
(domicile) 1,419 156
70 Commercial banks in United
States (including their
IBFs) 460 103
71 U.S. branches and agencies
of other foreign banks 0 83
72 Other commercial banks in
United States 460 20
73 Banks in foreign countries 21 1,661
74 Foreign branches of U.S.
banks 0 121
75 Other banks in foreign
countries 21 1,540
76 Foreign governments and
official institutions
(including foreign central
banks) 13 849
77 All other deposits and credit
balances 6 0
78 Transaction accounts and credit
balances (excluding IBFs) 305 n.a.
79 Individuals, partnerships, and
corporations (including
certified and official
checks) 275 n.a.
80 U.S. addressees (domicile) 79 n.a.
81 Non-U.S. addressees
(domicile) 196 n.a.
82 Commercial banks in United
States (including their
IBFs) 0 n.a.
83 U.S. branches and agencies
of other foreign banks 0 n.a.
84 Other commercial banks in
United States 0 n.a.
85 Banks in foreign countries 21 n.a.
86 Foreign branches of U.S.
banks 0 n.a.
87 Other banks in foreign
countries 21 n.a.
88 Foreign governments and
official institutions
(including foreign central
banks) 3 n.a.
89 All other deposits and credit
balances 6 n.a.
90 Nontransaction accounts
(including MMDAs, excluding
IBFs) 3,613 n.a.
91 Individuals, partnerships, and
corporations (including
certified and official
checks) 3,143 n.a.
92 U.S. addressees (domicile) 1,921 n.a.
93 Non-U.S. addressees
(domicile) 1,222 n.a.
94 Commercial banks in United
States (including their
IBFs) 460 n.a.
95 U.S. branches and agencies
of other foreign banks 0 n.a.
96 Other commercial banks in
United States 460 n.a.
97 Banks in foreign countries 0 n.a.
98 Foreign branches of U.S.
banks 0 n.a.
99 Other banks in foreign
countries 0 n.a.
100 Foreign governments and
official institutions
(including foreign central
banks) 10 n.a.
101 All other deposits and credit
balances 0 n.a.
102 IBF deposit liabilities n.a. 2,768
103 Individuals, partnerships, and
corporations (including
certified and official
checks) n.a. 156
104 U.S. addressees (domicile) n.a. 0
105 Non-U.S. addressees
(domicile) n.a. 156
106 Commercial banks in United
States (including their
IBFs) n.a. 103
107 U.S. branches and agencies
of other foreign banks n.a. 83
108 Other commercial banks in
United States n.a. 20
109 Banks in foreign countries n.a. 1,661
110 Foreign branches of U.S.
banks n.a. 121
111 Other banks in foreign
countries n.a 1,540
112 Foreign governments and
official institutions
(including foreign central
banks) n.a. 849
113 All other deposits and credit
balance n.a. 0
Illinois
Total IBFs
excluding only
Item IBFs
66 Total deposits and credit
balances 12,774 1,480
67 Individuals, partnerships, and
corporations (including
certified and official
checks) 12,195 6
68 U.S. addressees (domicile) 12,040 0
69 Non-U.S. addressees
(domicile) 155 6
70 Commercial banks in United
States (including their
IBFs) 475 0
71 U.S. branches and agencies
of other foreign banks 0 0
72 Other commercial banks in
United States 475 0
73 Banks in foreign countries 100 348
74 Foreign branches of U.S.
banks 0 59
75 Other banks in foreign
countries 100 290
76 Foreign governments and
official institutions
(including foreign central
banks) 2 1,126
77 All other deposits and credit
balances 1 0
78 Transaction accounts and credit
balances (excluding IBFs) 190 n.a.
79 Individuals, partnerships, and
corporations (including
certified and official
checks) 187 n.a.
80 U.S. addressees (domicile) 185 n.a.
81 Non-U.S. addressees
(domicile) 2 n.a.
82 Commercial banks in United
States (including their
IBFs) 0 n.a.
83 U.S. branches and agencies
of other foreign banks 0 n.a.
84 Other commercial banks in
United States 0 n.a
85 Banks in foreign countries 0 n.a.
86 Foreign branches of U.S.
banks 0 n.a.
87 Other banks in foreign
countries 0 n.a.
88 Foreign governments and
official institutions
(including foreign central
banks) 2 n.a.
89 All other deposits and credit
balances 1 n.a.
90 Nontransaction accounts
(including MMDAs, excluding
IBFs) 12,583 n.a.
91 Individuals, partnerships, and
corporations (including
certified and official
checks) 12,008 n.a.
92 U.S. addressees (domicile) 11,856 n.a.
93 Non-U.S. addressees
(domicile) 153 n.a.
94 Commercial banks in United
States (including their
IBFs) 475 n.a.
95 U.S. branches and agencies
of other foreign banks 0 n.a.
96 Other commercial banks in
United States 475 n.a.
97 Banks in foreign countries 100 n.a.
98 Foreign branches of U.S.
banks 0 n.a.
99 Other banks in foreign
countries 100 n.a.
100 Foreign governments and
official institutions
(including foreign central
banks) 0 n.a.
101 All other deposits and credit
balances 0 n.a.
102 IBF deposit liabilities n.a. 1,480
103 Individuals, partnerships, and
corporations (including
certified and official
checks) n.a. 6
104 U.S. addressees (domicile) n.a. 0
105 Non-U.S. addressees
(domicile) n.a. 6
106 Commercial banks in United
States (including their
IBFs) n.a. 0
107 U.S. branches and agencies
of other foreign banks n.a. 0
108 Other commercial banks in
United States n.a. 0
109 Banks in foreign countries n.a. 348
110 Foreign branches of U.S.
banks n.a. 59
111 Other banks in foreign
countries n.a. 290
112 Foreign governments and
official institutions
(including foreign central
banks) n.a. 1,126
113 All other deposits and credit
balance n.a. 0
Footnotes appear at end of table.
4.30 ASSETS AND LIABILITIES of U.S. Branches and Agencies of Foreign
Banks, March 31, 2003 (1)
Millions of dollars except as noted
All states (2)
Total IBFs
including only (3)
Item IBFs (3)
114 Federal funds purchased 83,339 15,033
115 With depository institutions
in the U.S. 30,223 2,666
116 With others 53,116 12,367
117 Securities sold under agreements
to repurchase 158,577 1,717
118 With depository institutions
in the U.S. 5,848 0
119 With others 152,730 1,717
120 Other borrowed money 67,537 15,035
121 Owed to noncorrelated commercial
banks in United States
(including their IBFs) 9,989 3,165
122 Owed to U.S. offices of
nonrelated U.S. banks 4,775 558
123 Owed to U.S. branches and
agencies of correlated
foreign banks 5,214 2,507
124 Owed to correlated banks in
foreign countries 11,260 9,777
125 Owed to foreign branches of
nonrelated U.S. banks 1,760 1,442
126 Owed to foreign ollices of
nonrelated foreign banks 9,500 8,334
127 Owed to others 46,287 2,193
128 All other liabilities 106,291 467
129 Branch or agency liability on
acceptances executed and
outstanding 532 n.a.
130 Trading liabilities 78,316 43
131 Other liabilities to
nonrelated parties 27,443 424
132 Net due to related depository
institutions (5) 125,726 14,489
133 Net due to head office and
other related depository
institutions (5) 125,726 n.a.
134 Net due to establishing
entity, head office, and
other related depository
institutions (5) n.a. 14,489
MEMO
135 Holdings of own acceptances
included in commercial and
industrial loans 509 n.a.
136 Commercial and industrial loans
with remaining maturity of one
year or less (excluding those
in nonaccrual status) 78,209 n.a.
137 Predetermined interest rates 30,829 n.a.
138 Floating interest rate 47,380 n.a.
139 Commercial and industrial loans
with remaining maturity of
more than one year (excluding
those in nonaccrual status) 90,089 n.a.
140 Predetermined interest rates 14,944 n.a.
141 Floating interest rates 75,145 n.a.
New York
Total IBFs
including only
Item IBFs
114 Federal funds purchased 65,709 9,604
115 With depository institutions
in the U.S. 20,689 1,169
116 With others 45,019 8,436
117 Securities sold under agreements
to repurchase 157,650 1,717
118 With depository institutions
in the U.S. 5,838 0
119 With others 151,812 1,717
120 Other borrowed money 58,502 12,593
121 Owed to noncorrelated commercial
banks in United States
(including their IBFs) 9,281 2,694
122 Owed to U.S. offices of
nonrelated U.S. banks 4,578 553
123 Owed to U.S. branches and
agencies of correlated
foreign banks 4,704 2,141
124 Owed to correlated banks in
foreign countries 9,747 8,369
125 Owed to foreign branches of
nonrelated U.S. banks 1,694 1,416
126 Owed to foreign ollices of
nonrelated foreign banks 8,053 6,953
127 Owed to others 39,474 1,529
128 All other liabilities 98,296 437
129 Branch or agency liability on
acceptances executed and
outstanding 435 n.a.
130 Trading liabilities 72,614 43
131 Other liabilities to
nonrelated parties 25,247 395
132 Net due to related depository
institutions (5) 103,686 14,121
133 Net due to head office and
other related depository
institutions (5) 103,686 n.a.
134 Net due to establishing
entity, head office, and
other related depository
institutions (5) n.a. 14,121
MEMO
135 Holdings of own acceptances
included in commercial and
industrial loans 349 n.a.
136 Commercial and industrial loans
with remaining maturity of one
year or less (excluding those
in nonaccrual status) 58,769 n.a.
137 Predetermined interest rates 19,460 n.a.
138 Floating interest rate 39,309 n.a.
139 Commercial and industrial loans
with remaining maturity of
more than one year (excluding
those in nonaccrual status) 78,496 n.a.
140 Predetermined interest rates 13,365 n.a.
141 Floating interest rates 65,130 n.a.
California
Total IBFs
including only
Item IBFs
114 Federal funds purchased 782 295
115 With depository institutions
in the U.S. 724 237
116 With others 58 58
117 Securities sold under agreements
to repurchase 226 0
118 With depository institutions
in the U.S. 10 0
119 With others 216 0
120 Other borrowed money 1,862 1,717
121 Owed to noncorrelated commercial
banks in United States
(including their IBFs) 333 234
122 Owed to U.S. offices of
nonrelated U.S. banks 64 5
123 Owed to U.S. branches and
agencies of correlated
foreign banks 269 229
124 Owed to correlated banks in
foreign countries 840 820
125 Owed to foreign branches of
nonrelated U.S. banks 47 27
126 Owed to foreign ollices of
nonrelated foreign banks 793 793
127 Owed to others 689 663
128 All other liabilities 152 7
129 Branch or agency liability on
acceptances executed and
outstanding 36 n.a.
130 Trading liabilities 11 0
131 Other liabilities to
nonrelated parties 105 7
132 Net due to related depository
institutions (5) 7,396 144
133 Net due to head office and
other related depository
institutions (5) 7,396 n.a.
134 Net due to establishing
entity, head office, and
other related depository
institutions (5) n.a. 144
MEMO
135 Holdings of own acceptances
included in commercial and
industrial loans 2 n.a.
136 Commercial and industrial loans
with remaining maturity of one
year or less (excluding those
in nonaccrual status) 4,050 n.a.
137 Predetermined interest rates 1,903 n.a.
138 Floating interest rate 2,147 n.a.
139 Commercial and industrial loans
with remaining maturity of
more than one year (excluding
those in nonaccrual status) 2,818 n.a.
140 Predetermined interest rates 340 n.a.
141 Floating interest rates 2,478 n.a.
Illinois
Total IBFs
including only
Item IBFs
114 Federal funds purchased 4,659 914
115 With depository institutions
in the U.S. 1,728 122
116 With others 2,932 782
117 Securities sold under agreements
to repurchase 671 0
118 With depository institutions
in the U.S. 0 0
119 With others 671 0
120 Other borrowed money 4,727 698
121 Owed to noncorrelated commercial
banks in United States
(including their IBFs) 281 125
122 Owed to U.S. offices of
nonrelated U.S. banks 121 0
123 Owed to U.S. branches and
agencies of correlated
foreign banks 160 125
124 Owed to correlated banks in
foreign countries 583 573
125 Owed to foreign branches of
nonrelated U.S. banks 0 0
126 Owed to foreign ollices of
nonrelated foreign banks 583 573
127 Owed to others 3,863 0
128 All other liabilities 4,617 4
129 Branch or agency liability on
acceptances executed and
outstanding 30 n.a.
130 Trading liabilities 3,358 1
131 Other liabilities to
nonrelated parties 1,229 3
132 Net due to related depository
institutions (5) 4,167 31
133 Net due to head office and
other related depository
institutions (5) 4,167 n.a.
134 Net due to establishing
entity, head office, and
other related depository
institutions (5) n.a. 31
MEMO
135 Holdings of own acceptances
included in commercial and
industrial loans 98 n.a.
136 Commercial and industrial loans
with remaining maturity of one
year or less (excluding those
in nonaccrual status) 8,036 n.a.
137 Predetermined interest rates 6,027 n.a.
138 Floating interest rate 2,009 n.a.
139 Commercial and industrial loans
with remaining maturity of
more than one year (excluding
those in nonaccrual status) 4,773 n.a.
140 Predetermined interest rates 411 n.a.
141 Floating interest rates 4,362 n.a.
Footnotes appear at end of table.
4.30 ASSETS AND LIABILITIES of U.S. Branches and Agencies of Foreign
Banks, March 31, 2003 (1)
Millions of dollars except as noted
All states (2) New York
Item Total IBFs Total IBFs
excluding only (3) excluding only
IBFs (3) IBFs
142 Components of total
nontransaction
accounts, included
in total deposits
and credit balances 442,350 n.a. 391,011 n.a.
143 Time deposits of
$100,000 or more 413,684 n.a. 365,199 n.a.
144 Time CDs in
denominations of
$100,000 or more
with remaining
maturity of more
than 12 months 28,666 n.a. 25,812 n.a.
All states (2) New York
Total Total
including IBFs including IBFs
IBFs (3) only (3) IBFs only
145 Immediately available
funds with a
maturity greater
than one day
included in other
borrowed money 28,521 n.a. 26,811 n.a.
146 Number of reports
filed (6) 284 0 151 0
California Illinois
Item Total IBFs Total IBFs
excluding only excluding only
IBFs IBFs
142 Components of total
nontransaction
accounts, included
in total deposits
and credit balances 3,454 n.a. 12,700 n.a.
143 Time deposits of
$100,000 or more 3,445 n.a. 12,542 n.a.
144 Time CDs in
denominations of
$100,000 or more
with remaining
maturity of more
than 12 months 10 n.a. 158 n.a.
California Illinois
Total Total
including IBFs including IBFs
IBFs only IBFs only
145 Immediately available
funds with a
maturity greater
than one day
included in other
borrowed money 1,250 n.a. 192 n.a.
146 Number of reports
filed (6) 56 0 17 0
(1.) Data are aggregates of categories reported on the quarterly form
FFIEC 002, "Report of Assets and Liabilities of U.S. Branches and
Agencies of Foreign Banks." The form was first used for reporting data
as of June 30, 1980, and was revised as of December 31, 1985. From
November 1972 through May 1980, U.S. branches and agencies of foreign
banks had filed a monthly FR 886a report. Aggregate data from that
report were available through the Federal Reserve monthly statistical
release G.11, last issued on July 10, 1980. Data in this table and in
the G.11 tables are not strictly comparable because of differences in
reporting panels and in definitions of balance sheet items.
(2.) Includes the District of Columbia.
(3.) Effective December 1981, the Federal Reserve Board amended
Regulations D and Q to permit banking offices located in the United
State to operate international banking facilities (IBFs). Since
December 31, 1985, data for IBFs have been reported in a separate
column. These data are either included in or excluded from the total
columns as indicated in the headings. The notation "n.a." indicates
that no IBF data have been reported for that item, either because the
item is not an eligible IBF asset or liability or because that level of
detail is not reported for IBFs. From December 1981 through September
1985, IBF data were included in all applicable items reported.
(4.) Total assets and total liabilities include net balances, if any,
due from or owed to related banking institutions in the United States
and in foreign countries (see note 5). On the former monthly branch and
agency report, available through the G.11 monthly statistical release,
gross balances were included in total assets and total liabilities.
Therefore, total asset and total liability figures in this table are
not comparable to those in the G.11 tables.
(5.) Related depository institutions includes the foreign head office
and other U.S. and foreign branches and agencies of a bank, a bank's
parent holding company, and majority-owned banking subsidiaries of the
bank and of its parent holding company (including subsidiaries owned
both directly and indirectly).
(6.) In some cases, two or more offices of a foreign bank within the
same metropolitan area file a consolidated report.
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