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 Aggregate 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. government 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
governments and 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 in U.S. credit markets
A37 Summary of financial transactions
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 to 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
A50 Banks' own claims on unaffiliated foreigners
A51 Claims on foreign countries--Combined
domestic offices and foreign branches
Reported by Nonbanking Business
Enterprises in the United States
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
A58 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 Agriculture Mortgage Corporation
FFB Federal Financing Bank
FHA Federal Housing Administration
FHLBB Federal Home Loan Bank Board
FHLMC Federal Home Loan Mortgage Corporation
FmHA Farmers Home Administration
FNMA Federal National Mortgage Association
FSA Farm Service Agency
FSLIC Federal Savings and Loan Insurance Corporation
G-7 Group of Seven
G-10 Group of Ten
GDP Gross domestic product
GNMA Government National Mortgage Association
GSE Government-sponsored enterprise
HUD Department of Housing and Urban
Development
IMF International Monetary Fund
IOs Interest only, stripped, mortgage-backed securities
IPCs Individuals, partnerships, and corporations
IRA Individual retirement account
MMDA Money market deposit account
MSA Metropolitan statistical area
NAICS North American Industry Classification System
NOW Negotiable order of withdrawal
OCDs Other checkable deposits
OPEC Organization of Petroleum Exporting Countries
OTS Office of Thrift Supervision
PMI Private mortgage insurance
POs Principal only, stripped, mortgage-backed securities
REIT Real estate investment trust
REMICs Real estate mortgage investment conduits
RHS Rural Housing Service
RP Repurchase agreement
RTC Resolution Trust Corporation
SCO Securitized credit obligation
SDR Special drawing right
SIC Standard Industrial Classification
TIIS Treasury inflation-indexed securities
VA Department of Veterans Affairs
GENERAL INFORMATION In many of the tables, components do not sum to totals because of rounding. Minus signs are used to indicate (1) a decrease, (2) a negative figure, or (3) an outflow. "U.S. government securities" may include guaranteed issues of U.S. government agencies (the flow of funds figures also include not fully guaranteed issues) as well as direct obligations of the U.S. Treasury. "State and local government" also includes municipalities, special districts, and other political subdivisions. Domestic Financial Statistics [] June 2002 Money Stock and Bank Credit
1.10 RESERVES AND MONEY STOCK MEASURES
Percent annual rate of change, seasonally adjusted (1)
2001
Q2 Q3 Q4
Monetary or credit aggregate (r) (r)
Reserves of depository
institutions (2)
1 Total 4.0 76.3 -31.2
2 Required 6.4 14.8 22.1
3 Nonborrowed 2.9 65.0 -21.4
4 Monetary base (3) 6.2 14.8 6.4
Concepts of money (4)
5 M1 6.0 16.0 2.1
6 M2 9.5 11.4 9.7
7 M3 13.7 10.4 12.4
Nontransaction components
8 In M2 (5) 10.5 10.2 11.8
9 In M3 only (6) 23.1 8.1 18.2
Time and savings deposits
Commercial banks
10 Savings, including MMDAs 20.1 19.7 23.3
11 Small time (7) -7.6 -10.3 -12.1
12 Large time (8),(9) -1.2 (r) -7.4 -9.2
Thrift institutions
13 Savings, including MMDAs 22.0 25.2 27.2
14 Small time (7) 4.1 -5.1 -11.2
15 Large time (8) 11.5 14.9 2.5
Money market mutual funds
16 Retail 5.8 (r) 7.5 9.4
17 Institution-only 49.7 27.5 49.2
Repurchase agreements and
eurodollars
18 Repurchase agreements (10) 19.0 (r) -9.0 -1.4
19 Eurodollars (10) 7.0 -3.9 -3.6
2002 2001 2002
Monetary or credit aggregate Q1 (r) Dec. (r) Jan. (r)
Reserves of depository
institutions (2)
1 Total -9.7 -10.4 15.3
2 Required -9.3 -4.9 23.8
3 Nonborrowed -9.4 -10.9 15.9
4 Monetary base (3) 9.1 -9.6 12.2
Concepts of money (4)
5 M1 5.8 16.1 3.3
6 M2 5.3 9.5 2.1
7 M3 4.5 10.7 -1.6
Nontransaction components
8 In M2 (5) 5.2 7.8 1.7
9 In M3 only (6) 2.7 13.1 -9.3
Time and savings deposits
Commercial banks
10 Savings, including MMDAs 20.4 22.9 19.0
11 Small time (7) -15.3 -18.7 -16.2
12 Large time (8),(9) 4.9 7.4 14.9
Thrift institutions
13 Savings, including MMDAs 25.6 14.3 21.8
14 Small time (7) -15.4 -13.5 -20.8
15 Large time (8) -.8 -5.2 13.7
Money market mutual funds
16 Retail -11.9 2.8 -20.6
17 Institution-only -.5 26.1 -27.8
Repurchase agreements and
eurodollars
18 Repurchase agreements (10) 8.0 3.2 -1.6
19 Eurodollars (10) 6.1 -15.7 -6.3
2002
Monetary or credit aggregate Feb. (r) Mar. (r) Apr.
Reserves of depository
institutions (2)
1 Total -8.5 -12.7 -7.4
2 Required -8.2 -14.5 -1.4
3 Nonborrowed -8.0 -14.1 -7.2
4 Monetary base (3) 10.0 6.4 7.9
Concepts of money (4)
5 M1 1.9 2.9 -11.4
6 M2 6.8 -1.4 -4.1
7 M3 5.5 -1.0 -2.7
Nontransaction components
8 In M2 (5) 8.1 -2.6 -2.1
9 In M3 only (6) 2.7 -.1 .3
Time and savings deposits
Commercial banks
10 Savings, including MMDAs 22.1 5.2 6.9
11 Small time (7) -13.1 -11.4 -7.6
12 Large time (8),(9) -2.5 2.3 16.6
Thrift institutions
13 Savings, including MMDAs 38.8 27.9 17.3
14 Small time (7) -13.9 -9.6 -10.1
15 Large time (8) -7.3 -7.3 6.3
Money market mutual funds
16 Retail -14.0 -27.6 -24.9
17 Institution-only -1.8 -.2 -2.0
Repurchase agreements and
eurodollars
18 Repurchase agreements (10) 11.9 -8.0 -22.2
19 Eurodollars (10) 35.5 10.0 -2.8
(1.) Unless otherwise noted, rates of change are calculated from
average amounts outstanding during preceding month or quarter.
(2.) Figures incorporate adjustments for discontinuities, or "breaks,"
associated with regulatory changes in reserve requirements (See also
table 1.20.)
(3.) The seasonally adjusted, break-adjusted monetary base consists of
(1) seasonally adjusted, break-adjusted total reserves (line 1), plus
(2) the seasonally adjusted currency component of the money stock, plus
(3) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all weekly reporters
whose vault cash exceeds their required reserves) the seasonally
adjusted, break-adjusted difference between current vault cash and the
amount applied to satisfy current reserve requirements.
(4.) Composition of the money stock measures is as follows:
M1: (1) currency outside the U.S. Treasury, Federal Reserve Banks, and
the vaults of depository institutions, (2) travelers checks of nonbank
issuers, (3) demand deposits at all commercial banks other than those
owed to depository institutions, the U.S. government, and foreign banks
and official institutions, less cash items in the process of collection
and Federal Reserve float, and (4) other checkable deposits (OCDs),
consisting of negotiable order of withdrawal (NOW) and automatic
transfer service (ATS) accounts at depository institutions, credit
union share draft accounts, and demand deposits at thrift institutions.
Seasonally adjusted M1 is computed by summing currency, travelers
checks, demand deposits, and OCDs, each seasonally adjusted separately.
M2: M1 plus (1) savings (including MMDAs), (2) small-denomination time
deposits (time deposits--including retail RPs--in amounts of less than
$100,000), and (3) balances in retail money market mutual funds.
Excludes individual retirement accounts (IRAs) and Keogh balances at
depository institutions and money market funds.
Seasonally adjusted M2 is calculated by summing savings deposits,
small-denomination time deposits, and retail money fund balances, each
seasonally adjusted separately, and adding this result to seasonally
adjusted M1.
M3: M2 plus (1) large-denomination time deposits (in amounts of $100,000
or more), (2) balances in institutional money funds, (3) RP liabilities
(overnight and term) issued by all depository institutions, and (4)
eurodollars (overnight and term) held by U.S. residents at foreign
branches of U.S. banks worldwide and at all banking offices in the
United Kingdom and Canada. Excludes amounts held by depository
institutions, the U.S. government, money market funds, and foreign
banks and official institutions. Seasonally adjusted M3 is calculated
by summing large time deposits, institutional money fund balances, RP
liabilities, and eurodollars, each seasonally adjusted separately, and
adding this result to seasonally adjusted M2.
(5.) Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances, each seasonally adjusted
separately.
(6.) Sum of (1) large time deposits, (2) institutional money fund
balances, (3) RP liabilities (overnight and term) issued by depository
institutions, and (4) eurodollars (overnight and term) of U.S.
addressees, each seasonally adjusted separately.
(7.) Small time deposits--including retail RPs--are those issued in
amounts of less than $100,000. All IRA and Keogh account balances at
commercial banks and thrift institutions are subtracted from small time
deposits.
(8.) Large time deposits are those issued in amounts of $100,000 or
more, excluding those booked at international banking facilities.
(9.) Large time deposits at commercial banks less those held by money
market funds, depository institutions, the U.S. government, and foreign
banks and official institutions.
(10.) Includes both overnight and term.
1.11 RESERVES OF DEPOSITORY INSTITUTIONS AND RESERVE BANK CREDIT (1)
Millions of dollars
Average of daily figures
2002
Factor Feb. Mar. Apr.
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 631,364 636,572 642,176
U.S. government securities (2)
2 Bought outright--System
account (3) 564,721 573,087 578,737
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 10 10 10
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty (4) 29,562 26,689 25,430
7 Acceptances 0 0 0
Loans to depository institutions
8 Adjustment credit 13 6 75
9 Seasonal credit 17 19 50
10 Special Liquidity Facility
credit 0 0 0
11 Extended credit 0 0 0
12 Float 74 -38 -397
13 Other Federal Reserve assets 36,967 36,799 38,271
14 Gold stock 11,044 11,044 11,044
15 Special drawing rights certificate
account 2,200 2,200 2,200
16 Treasury currency outstanding 33,503 33,575 33,635
ABSORBING RESERVE FUNDS
17 Currency in circulation 636,140 640,031 643,813
18 Reverse repurchase agreements--
triparty (4) 0 0 0
19 Treasury cash holdings 410 421 400
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 4,906 5,551 6,127
21 Foreign 189 126 98
22 Service-related balances and
adjustments 9,226 9,549 10,049
23 Other 229 218 255
24 Other Federal Reserve liabilities
and capital 17,748 18,244 18,813
25 Reserve balances with Federal
Reserve Banks (5) 9,262 9,250 9,500
End-of-month-figures
Feb. Mar. Apr.
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 636,381 642,186 651,320
U.S. government securities (2)
2 Bought outright--System
account (3) 567,634 575,356 581,308
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 10 10 10
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty (4) 34,499 29,500 31,500
7 Acceptances 0 0 0
Loans to depository institutions
8 Adjustment credit 61 0 13
9 Seasonal credit 7 19 60
10 Special Liquidity Facility
credit 0 0 0
11 Extended credit 0 0 0
12 Float -1,232 -476 -402
13 Other Federal Reserve assets 35,402 37,776 38,832
14 Gold stock 11,044 11,044 11,044
15 Special drawing rights certificate
account 2,200 2,200 2,200
16 Treasury currency outstanding 33,549 33,605 33,661
ABSORBING RESERVE FUNDS
17 Currency in circulation 638,325 641,848 645,445
18 Reverse repurchase agreements--
triparty (4) 0 0 0
19 Treasury cash holdings 414 412 393
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 5,752 5,692 5,387
21 Foreign 89 256 111
22 Service-related balances and
adjustments 9,048 9,869 (r) 10,012
23 Other 254 181 287
24 Other Federal Reserve liabilities
and capital 17,792 18,163 19,202
25 Reserve balances with Federal
Reserve Banks (5) 11,499 12,614 17,388
Average of daily figures
for week ending on date
indicated
2002
Factor Mar. 13 Mar. 20 Mar. 27
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 634,241 637,270 635,201
U.S. government securities (2)
2 Bought outright--System
account (3) 571,914 574,098 575,740
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 10 10 10
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty (4) 25,043 26,614 22,214
7 Acceptances 0 0 0
Loans to depository institutions
8 Adjustment credit 3 6 14
9 Seasonal credit 20 20 20
10 Special Liquidity Facility
credit 0 0 0
11 Extended credit 0 0 0
12 Float 727 -376 -171
13 Other Federal Reserve assets 36,524 36,897 37,374
14 Gold stock 11,044 11,044 11,044
15 Special drawing rights certificate
account 2,200 2,200 2,200
16 Treasury currency outstanding 33,563 33,577 33,591
ABSORBING RESERVE FUNDS
17 Currency in circulation 639,608 640,009 640,588
18 Reverse repurchase agreements--
triparty (4) 0 0 0
19 Treasury cash holdings 421 429 422
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 4,801 6,511 5,198
21 Foreign 124 95 86
22 Service-related balances and
adjustments 9,479 9,234 10,181
23 Other 229 207 205
24 Other Federal Reserve liabilities
and capital 18,596 18,276 18,096
25 Reserve balances with Federal
Reserve Banks (5) 7,789 9,330 7,258
Wednesday figures
Mar. 13 Mar. 20 Mar. 27
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 633,336 640,563 637,341
U.S. government securities (2)
2 Bought outright--System
account (3) 572,728 573,844 576,093
3 Held under repurchase
agreements 0 0 0
Federal agency obligations
4 Bought outright 10 10 10
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty (4) 24,000 28,550 24,000
7 Acceptances 0 0 0
Loans to depository institutions
8 Adjustment credit 0 3 1
9 Seasonal credit 22 22 21
10 Special Liquidity Facility
credit 0 0 0
11 Extended credit 0 0 0
12 Float -103 1,093 -343
13 Other Federal Reserve assets 36,679 37,041 37,559
14 Gold stock 11,044 11,044 11,044
15 Special drawing rights certificate
account 2,200 2,200 2,200
16 Treasury currency outstanding 33,563 33,577 33,591
ABSORBING RESERVE FUNDS
17 Currency in circulation 640,617 641,199 642,639
18 Reverse repurchase agreements--
triparty (4) 0 0 0
19 Treasury cash holdings 430 424 412
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 4,997 5,600 5,009
21 Foreign 316 74 71
22 Service-related balances and
adjustments 9,479 9,234 10,181
23 Other 205 219 203
24 Other Federal Reserve liabilities
and capital 18,114 17,949 17,913
25 Reserve balances with Federal
Reserve Banks (5) 5,985 12,684 7,747
Average of daily
figures for week
ending on date
indicated
2002
Factor Apr. 3 Apr. 10
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 642,133 638,805
U.S. government securities (2)
2 Bought outright--System
account (3) 575,760 576,793
3 Held under repurchase
agreements 0 0
Federal agency obligations
4 Bought outright 10 10
5 Held under repurchase
agreements 0 0
6 Repurchase agreements--
triparty (4) 28,786 24,393
7 Acceptances 0 0
Loans to depository institutions
8 Adjustment credit 300 1
9 Seasonal credit 26 42
10 Special Liquidity Facility
credit 0 0
11 Extended credit 0 0
12 Float -285 -159
13 Other Federal Reserve assets 37,536 37,725
14 Gold stock 11,044 11,044
15 Special drawing rights certificate
account 2,200 2,200
16 Treasury currency outstanding 33,605 33,619
ABSORBING RESERVE FUNDS
17 Currency in circulation 642,905 644,010
18 Reverse repurchase agreements--
triparty (4) 0 0
19 Treasury cash holdings 410 400
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 5,395 5,008
21 Foreign 187 102
22 Service-related balances and
adjustments 9,869 10,072
23 Other 249 278
24 Other Federal Reserve liabilities
and capital 18,312 18,732
25 Reserve balances with Federal
Reserve Banks (5) 11,655 7,066
Wednesday figures
Apr. 3 Apr. 10
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 643,952 638,729
U.S. government securities (2)
2 Bought outright--System
account (3) 577,218 577,486
3 Held under repurchase
agreements 0 0
Federal agency obligations
4 Bought outright 10 10
5 Held under repurchase
agreements 0 0
6 Repurchase agreements--
triparty (4) 27,500 23,000
7 Acceptances 0 0
Loans to depository institutions
8 Adjustment credit 2,083 3
9 Seasonal credit 37 46
10 Special Liquidity Facility
credit 0 0
11 Extended credit 0 0
12 Float -308 203
13 Other Federal Reserve assets 37,413 37,982
14 Gold stock 11,044 11,044
15 Special drawing rights certificate
account 2,200 2,200
16 Treasury currency outstanding 33,605 33,619
ABSORBING RESERVE FUNDS
17 Currency in circulation 644,930 644,887
18 Reverse repurchase agreements--
triparty (4) 0 0
19 Treasury cash holdings 399 403
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 5,971 4,783
21 Foreign 123 269
22 Service-related balances and
adjustments 9,869 10,072
23 Other 297 267
24 Other Federal Reserve liabilities
and capital 18,447 18,595
25 Reserve balances with Federal
Reserve Banks (5) 10,764 6,316
Average of daily
figures for week
ending on date
indicated
2002
Factor Apr. 17 Apr. 24
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 644,014 640,393
U.S. government securities (2)
2 Bought outright--System
account (3) 578,332 580,266
3 Held under repurchase
agreements 0 0
Federal agency obligations
4 Bought outright 10 10
5 Held under repurchase
agreements 0 0
6 Repurchase agreements--
triparty (4) 28,200 21,964
7 Acceptances 0 0
Loans to depository institutions
8 Adjustment credit 4 8
9 Seasonal credit 48 56
10 Special Liquidity Facility
credit 0 0
11 Extended credit 0 0
12 Float -698 -533
13 Other Federal Reserve assets 38,119 38,621
14 Gold stock 11,044 11,044
15 Special drawing rights certificate
account 2,200 2,200
16 Treasury currency outstanding 33,633 33,647
ABSORBING RESERVE FUNDS
17 Currency in circulation 643,798 643,464
18 Reverse repurchase agreements--
triparty (4) 0 0
19 Treasury cash holdings 403 399
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 5,957 6,994
21 Foreign 116 82
22 Service-related balances and
adjustments 10,053 10,130
23 Other 242 232
24 Other Federal Reserve liabilities
and capital 18,736 18,858
25 Reserve balances with Federal
Reserve Banks (5) 11,586 7,124
Wednesday figures
Apr. 17 Apr. 24
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit outstanding 645,066 641,475
U.S. government securities (2)
2 Bought outright--System
account (3) 580,046 582,038
3 Held under repurchase
agreements 0 0
Federal agency obligations
4 Bought outright 10 10
5 Held under repurchase
agreements 0 0
6 Repurchase agreements--
triparty (4) 27,200 21,000
7 Acceptances 0 0
Loans to depository institutions
8 Adjustment credit 1 11
9 Seasonal credit 49 55
10 Special Liquidity Facility
credit 0 0
11 Extended credit 0 0
12 Float -560 -574
13 Other Federal Reserve assets 38,320 38,935
14 Gold stock 11,044 11,044
15 Special drawing rights certificate
account 2,200 2,200
16 Treasury currency outstanding 33,633 33,647
ABSORBING RESERVE FUNDS
17 Currency in circulation 644,684 644,691
18 Reverse repurchase agreements--
triparty (4) 0 0
19 Treasury cash holdings 400 393
Deposits, other than reserve
balances, with Federal
Reserve Banks
20 Treasury 7,740 6,255
21 Foreign 76 76
22 Service-related balances and
adjustments 10,053 10,130
23 Other 231 231
24 Other Federal Reserve liabilities
and capital 18,558 18,688
25 Reserve balances with Federal
Reserve Banks (5) 10,200 7,901
(1.) Amounts of cash held as reserves are shown in table 1.12, line 2.
(2.) Includes securities loaned--fully guaranteed by U.S. government
securities pledged with Federal Reserve Banks--and excludes securities
sold and scheduled to be bought back under matched sale-purchase
transactions.
(3.) Includes compensation that adjusts for the effects of inflation
on the principal of inflation-indexed securities.
(4.) Cash value of agreements arranged through third-party custodial
banks. These agreements are collateralized by U.S. government and
federal agency securities.
(5.) Excludes required clearing balances and adjustments to compensate
for float.
1.12 RESERVES AND BORROWINGS Depository Institutions (1)
Millions of dollars
Prorated monthly averages of
biweekly averages
1999 2000 2001
Reserve classification Dec. Dec. Dec. Oct.
1 Reserve balances with Reserve
Banks (2) 5,262 7,022 9,059 12,552
2 Total vault cash (3) 60,620 45,245 43,918 45,021
3 Applied vault cash (4) 36,392 31,451 31,896 32,509
4 Surplus vault cash (5) 24,228 13,794 12,023 12,512
5 Total reserves (6) 41,654 38,473 40,955 45,061
6 Required reserves 40,357 37,046 39,315 43,739
7 Excess reserve balances at
Reserve Banks (7) 1,297 1,427 1,641 1,321
8 Total borrowing at Reserve
Banks 320 210 67 127
9 Adjustment 179 99 34 60
10 Seasonal 67 111 33 67
11 Special Liquidity
Facility (8) 74 0 ... ...
12 Extended credit (9) 0 0 0 0
Prorated monthly averages
of biweekly averages
2001 2002
Reserve classification Nov. Dec. Jan.
1 Reserve balances with Reserve
Banks (2) 8,944 9,059 10,009
2 Total vault cash (3) 43,065 43,918 45,730
3 Applied vault cash (4) 31,214 31,896 33,465
4 Surplus vault cash (5) 11,851 12,023 12,266
5 Total reserves (6) 40,158 40,955 43,474
6 Required reserves 38,672 39,315 42,069
7 Excess reserve balances at
Reserve Banks (7) 1,487 1,641 1,405
8 Total borrowing at Reserve
Banks 84 67 50
9 Adjustment 51 34 33
10 Seasonal 33 33 17
11 Special Liquidity
Facility (8) ... ... ...
12 Extended credit (9) 0 0 0
Prorated monthly averages
of biweekly averages
2002
Reserve classification Feb. Mar. (r) Apr.
1 Reserve balances with Reserve
Banks (2) 9,277 9,147 9,740
2 Total vault cash (3) 45,697 42,634 42,014
3 Applied vault cash (4) 33,119 31,122 31,143
4 Surplus vault cash (5) 12,578 11,512 10,871
5 Total reserves (6) 42,396 40,268 40,883
6 Required reserves 41,023 38,853 39,675
7 Excess reserve balances at
Reserve Banks (7) 1,373 1,415 1,208
8 Total borrowing at Reserve
Banks 30 79 71
9 Adjustment 12 59 21
10 Seasonal 17 20 50
11 Special Liquidity
Facility (8) ... ... ...
12 Extended credit (9) 0 0 0
Biweekly averages of daily figures
for two-week periods ending on
dates indicated
2001 2002
Reserve classification Dec. 26 Jan. 9 Jan. 23 Feb. 6
1 Reserve balances with Reserve
Banks (2) 9,219 9,747 10,646 9,191
2 Total vault cash (3) 45,197 44,748 43,723 50,350
3 Applied vault cash (4) 32,659 32,566 32,569 36,044
4 Surplus vault cash (5) 12,539 12,182 11,154 14,306
5 Total reserves (6) 41,878 42,313 43,215 45,235
6 Required reserves 40,018 40,651 41,971 43,837
7 Excess reserve balances at
Reserve Banks (7) 1,860 1,662 1,243 1,398
8 Total borrowing at Reserve
Banks 60 105 28 26
9 Adjustment 24 83 15 8
10 Seasonal 36 22 14 18
11 Special Liquidity
Facility (8) ... ... ... ...
12 Extended credit (9) 0 0 0 0
Biweekly averages of daily
figures for two-week
periods ending on dates
indicated
2002
Reserve classification Feb. 20 Mar. 6 Mar. 20
1 Reserve balances with Reserve
Banks (2) 8,984 9,854 8,571
2 Total vault cash (3) 45,420 42,694 42,270
3 Applied vault cash (4) 32,614 31,809 30,562 (r)
4 Surplus vault cash (5) 12,806 10,885 11,708 (r)
5 Total reserves (6) 41,598 41,663 39,133 (r)
6 Required reserves 40,184 40,382 37,845 (r)
7 Excess reserve balances at
Reserve Banks (7) 1,414 1,281 1,288 (r)
8 Total borrowing at Reserve
Banks 37 22 24
9 Adjustment 17 9 4
10 Seasonal 20 13 20
11 Special Liquidity
Facility (8) ... ... ...
12 Extended credit (9) 0 0 0
Biweekly averages of daily
figures for two-week periods
ending on dates indicated
2002
Reserve classification Apr. 3 (r) Apr. 17 May 1
1 Reserve balances with Reserve
Banks (2) 9,494 9,326 10,243
2 Total vault cash (3) 43,065 41,728 42,080
3 Applied vault cash (4) 31,459 30,280 32,001
4 Surplus vault cash (5) 11,606 11,449 10,079
5 Total reserves (6) 40,953 39,606 42,243
6 Required reserves 39,304 38,481 41,047
7 Excess reserve balances at
Reserve Banks (7) 1,649 1,124 1,196
8 Total borrowing at Reserve
Banks 180 47 71
9 Adjustment 157 2 10
10 Seasonal 23 45 62
11 Special Liquidity
Facility (8) ... ... ...
12 Extended credit (9) 0 0 0
(1.) Data in this table also appear in the Board's H.3 (502) weekly
statistical release. For ordering address, see inside front cover.
Data are not break-adjusted or seasonally adjusted.
(2.) Excludes required clearing balances and adjustments to compensate
for float and includes other off-balance-sheet "as-of" adjustments.
(3.) Vault cash eligible to satisfy reserve requirements. It includes
only vault cash held by those banks and thrift institutions that are
not exempt from reserve requirements. Dates refer to the maintenance
periods in which the vault cash can be used to satisfy reserve
requirements.
(4.) All vault cash held during the lagged computation period by
"bound" institutions (that is, those whose required reserves exceed
their vault cash) plus the amount of vault cash applied during the
maintenance period by "nonbound" institutions (that is, those whose
vault cash exceeds their required reserves) to satisfy current
reserve requirements.
(5.) Total vault cash (line 2) less applied vault cash (line 3).
(6.) Reserve balances with Federal Reserve Banks (line 1) plus
applied vault cash (line 3).
(7.) Total reserves (line 5) less required reserves (line 6).
(8.) Borrowing at the discount window under the terms and conditions
established for the Century Date Change Special Liquidity Facility in
effect from October 1, 1999, through April 7, 2000.
(9.) Consists of borrowing at the discount window under the terms
and conditions established for the extended credit program to help
depository institutions deal with sustained liquidity pressures.
Because there is not the same need to repay such borrowing promptly
as with traditional short-term adjustment credit, the money market
effect of extended credit is similar to that of nonborrowed reserves.
Policy Instruments
1.14 FEDERAL RESERVE BANK INTEREST RATES
Percent per year
Current and previous levels
Adjustment credit (1)
Federal Reserve On
Bank 6/14/02 Effective date Previous rate
Boston 1.25 12/11/01 1.50
New York 1.25 12/11/01 1.50
Philadelphia 1.25 12/11/01 1.50
Cleveland 1.25 12/13/01 1.50
Richmond 1.25 12/13/01 1.50
Atlanta 1.25 12/13/01 1.50
Chicago 1.25 12/11/01 1.50
St. Louis 1.25 12/12/01 1.50
Minneapolis 1.25 12/13/01 1.50
Kansas City 1.25 12/13/01 1.50
Dallas 1.25 12/13/01 1.50
San Francisco 1.25 12/11/01 1.50
Current and previous levels
Seasonal credit (2)
Federal Reserve On
Bank 6/14/02 Effective date Previous rate
Boston 1.80 5/30/02 1.75
New York 1.80 5/30/02 1.75
Philadelphia 1.80 5/30/02 1.75
Cleveland 1.80 5/30/02 1.75
Richmond 1.80 5/30/02 1.75
Atlanta 1.80 5/30/02 1.75
Chicago 1.80 5/30/02 1.75
St. Louis 1.80 5/30/02 1.75
Minneapolis 1.80 5/30/02 1.75
Kansas City 1.80 5/30/02 1.75
Dallas 1.80 5/30/02 1.75
San Francisco 1.80 5/30/02 1.75
Current and previous levels
Extended credit (3)
Federal Reserve On
Bank 6/14/02 Effective date Previous rate
Boston 2.30 5/30/02 2.25
New York 2.30 5/30/02 2.25
Philadelphia 2.30 5/30/02 2.25
Cleveland 2.30 5/30/02 2.25
Richmond 2.30 5/30/02 2.25
Atlanta 2.30 5/30/02 2.25
Chicago 2.30 5/30/02 2.25
St. Louis 2.30 5/30/02 2.25
Minneapolis 2.30 5/30/02 2.25
Kansas City 2.30 5/30/02 2.25
Dallas 2.30 5/30/02 2.25
San Francisco 2.30 5/30/02 2.25
Range of rates for adjustment credit in
recent years (4)
Range (or F.R. Bank
Effective date level)--All of
F.R. Banks N.Y.
In effect Dec. 31, 1981 12 12
1982--July 20 11.5-12 11.5
23 11.5 11.5
Aug. 2 11-11.5 11
3 11 11
16 10.5 10.5
27 10-10.5 10
30 10 10
Oct. 12 9.5-10 9.5
13 9.5 9.5
Nov. 22 9-9.5 9
26 9 9
Dec. 14 8.5-9 9
15 8.5-9 8.5
17 8.5 8.5
1984--Apr. 9 8.5-9 9
13 9 9
Nov. 21 8.5-9 8.5
26 8.5 8.5
Dec. 24 8 8
1985--May 20 7.5-8 7.5
24 7.5 7.5
1986--Mar. 7 7-7.5 7
10 7 7
Apr. 21 6.5-7 6.5
23 6.5 6.5
July 11 6 6
Aug. 21 5.5-6 5.5
22 5.5 5.5
1987--Sept. 4 5.5-6 6
11 6 6
1988--Aug. 9 6-6.5 6.5
11 6.5 6.5
1989--Feb. 24 6.5-7 7
27 7 7
1990--Dec. 19 6.5 6.5
1991--Feb. 1 6-6.5 6
4 6 6
Apr. 30 5.5-6 5.5
May 2 5.5 5.5
1991--Sept. 13 5-5.5 5
17 5 5
Nov. 6 4.5-5 4.5
7 4.5 4.5
Dec. 20 3.5-4.5 3.5
24 3.5 3.5
1992--July 2 3-3.5 3
7 3 3
1994--May 17 3-3.5 3.5
18 3.5 3.5
Aug. 16 3.5-4 4
18 4 4
Nov. 15 4-4.75 4.75
17 4.75 4.75
1995--Feb. 1 4.75-5.25 5.25
9 5.25 5.25
1996--Jan. 31 5.00-5.25 5.00
Feb. 3 5.00 5.00
1998--Oct. 15 4.75-5.00 4.75
16 4.75 4.75
Nov. 17 4.50-4.75 4.50
19 4.50 4.50
1999--Aug. 24 4.50-4.75 4.75
26 4.75 4.75
Nov. 16 4.75-5.00 4.75
18 5.00 5.00
2000--Feb. 2 5.00-5.25 5.25
4 5.25 5.25
Mar. 21 5.25-5.50 5.50
23 5.50 5.50
May 16 5.50-6.00 5.50
19 6.00 6.00
2001--Jan. 3 5.75-6.00 5.75
4 5.50-5.75 5.50
5 5.50 5.50
31 5.00-5.50 5.00
Feb. 1 5.00 5.00
Mar. 20 4.50-5.00 4.50
21 4.50 4.50
Apr. 18 4.00-4.50 4.00
20 4.00 4.00
2001--May 15 3.50-4.00 3.50
17 3.50 3.50
June 27 3.25-3.50 3.25
29 3.25 3.25
Aug. 21 3.00-3.25 3.00
23 3.00 3.00
Sept. 17 2.50-3.00 2.50
18 2.50 2.50
Oct. 2 2.00-2.50 2.00
4 2.00 2.00
Nov. 6 1.50-2.00 1.50
8 1.50 1.50
Dec. 11 1.25-1.50 1.25
13 1.25 1.25
In effect June 14, 2002 1.25 1.25
(1.) Available on a short-term basis to help depository institutions
meet temporary needs for funds that cannot be met through reasonable
alternative sources. The highest rate established for loans to
depository institutions may be charged on adjustment credit loans of
unusual size that result from a major operating problem at the
borrower's facility.
(2.) Available to help relatively small depository institutions meet
regular seasonal needs for funds that arise from a clear pattern of
intrayearly movements in their deposits and loans and that cannot be
met through special industry lenders. The discount rate on seasonal
credit takes into account rates charged by market sources of funds and
ordinarily is reestablished on the first business day of each two-week
reserve maintenance period; however, it is never less than the discount
rate applicable to adjustment credit.
(3.) May be made available to depository institutions when similar
assistance is not reasonably available from other sources, including
special industry lenders. Such credit may be provided when exceptional
circumstances (including sustained deposit drains, impaired access to
money market funds, or sudden deterioration in loan repayment
performance) or practices involved only a particular institution, or to
meet the needs of institutions experiencing difficulties adjusting to
changing market conditions over a longer period (particularly at times
of deposit disintermediation). The discount rate applicable to
adjustment credit ordinarily is charged on extended-credit loans
outstanding less than thirty days; however, at the discretion of the
Federal Reserve Bank, this time period may be shortened. Beyond this
initial period, a flexible rate somewhat above rates charged on market
sources of funds is charged. The rate ordinarily is reestablished on
the first business day of each two-week reserve maintenance period, but
it is never less than the discount rate applicable to adjustment credit
plus 50 basis points.
(4.) For earlier data, see the following publications of the Board of
Governors: Banking and Monetary Statistics, 1914-1941, and 1941-1970;
and the Annual Statistical Digest, 1970-1979, and 1980-1989. See also
the Board's Statistics: Releases and Historical Data web pages
(http://www.federalreserve.gov/releases/H15/data.htm).
1.15 RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS (1)
Requirement
Percentage of
Type of deposit deposits Effective date
Net transaction accounts (2)
1 $0 million-$41.3 million (3) 3 12/27/01
2 More than $41.3 million (4) 10 12/27/01
3 Nonpersonal time deposits (5) 0 12/27/90
4 Eurocurrency liabilities (6) 0 12/27/90
(1.) Required reserves must be held in the form of deposits with
Federal Reserve Banks or vault cash. Nonmember institutions may
maintain reserve balances with a Federal Reserve Bank indirectly, on a
pass-through basis, with certain approved institutions. For previous
reserve requirements, see earlier editions of the Annual Report or the
Federal Reserve Bulletin. Under the Monetary Control Act of 1980,
depository institutions include commercial banks, savings banks,
savings and loan associations, credit unions, agencies and branches of
foreign banks, and Edge Act corporations.
(2.) Transaction accounts include all deposits against which the
account holder is permitted to make withdrawals by negotiable or
transferable instruments, payment orders of withdrawal, or telephone or
preauthorized transfers for the purpose of making payments to third
persons or others. However, accounts subject to the rules that permit
no more than six preauthorized, automatic, or other transfers per month
(of which no more than three may be by check, draft, debit card, or
similar order payable directly to third parties) are savings deposits,
not transaction accounts.
(3.) The Monetary Control Act of 1980 requires that the amount of
transaction accounts against which the 3 percent reserve requirement
applies be modified annually by 80 percent of the percentage change in
transaction accounts held by all depository institutions, determined as
of June 30 of each year. Effective with the reserve maintenance period
beginning December 27, 2001, for depository institutions that report
weekly, and with the period beginning January 17, 2002, for
institutions that report quarterly, the amount was decreased from $42.8
million to $41.3 million.
Under the Garn-St Germain Depository Institutions Act of 1982, the
Board adjusts the amount of reservable liabilities subject to a zero
percent reserve requirement each year for the succeeding calendar year
by 80 percent of the percentage increase in the total reservable
liabilities of all depository institutions, measured on an annual basis
as of June 30. No corresponding adjustment is made in the event of a
decrease. The exemption applies only to accounts that would be subject
to a 3 percent reserve requirement. Effective with the reserve
maintenance period beginning December 27, 2001, for depository
institutions that report weekly, and with the period beginning January
17, 2002, for institutions that report quarterly, the exemption was
raised from $5.5 million to $5.7 million.
(4.) The reserve requirement was reduced from 12 percent to 10 percent
on April 2, 1992, for institutions that report weekly, and on April 16,
1992, for institutions that report quarterly.
(5.) For institutions that report weekly, the reserve requirement on
nonpersonal time deposits with an original maturity of less than 1.5
years was reduced from 3 percent to 1.5 percent for the maintenance
period that began December 13, 1990, and to zero for the maintenance
period that began December 27, 1990. For institutions that report
quarterly, the reserve requirement on nonpersonal time deposits with an
original maturity of less than 1.5 years was reduced from 3 percent to
zero on January 17, 1991.
The reserve requirement on nonpersonal time deposits with an original
maturity of 1.5 years or more has been zero since October 6, 1983.
(6.) The reserve requirement on eurocurrency liabilities was reduced
from 3 percent to zero in the same manner and on the same dates as the
reserve requirement on nonpersonal time deposits with an original
maturity of less than 1.5 years (see note 5).
1.17 FEDERAL RESERVE OPEN MARKET TRANSACTIONS (1)
Millions of dollars
Type of transaction
and maturity 1999 2000 2001
U.S. TREASURY SECURITIES (2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 0 8,676 15,503
2 Gross sales 0 0 0
3 Exchanges 464,218 477,904 542,736
4 For new bills 464,218 477,904 542,736
5 Redemptions 0 24,522 10,095
Others within one year
6 Gross purchases 11,895 8,809 15,663
7 Gross sales 0 0 0
8 Maturity shifts 50,590 62,025 70,336
9 Exchanges -53,315 -54,656 -72,004
10 Redemptions 1,429 3,779 16,802
One to five years
11 Gross purchases 19,731 14,482 22,814
12 Gross sales 0 0 0
13 Maturity shifts -44,032 -52,068 -45,211
14 Exchanges 42,604 46,177 64,519
Five to ten years
15 Gross purchases 4,303 5,871 6,003
16 Gross sales 0 0 0
17 Maturity shifts -5,841 -6,801 -21,063
18 Exchanges 7,583 6,585 6,063
More than ten years
19 Gross purchases 9,428 5,833 8,531
20 Gross sales 0 0 0
21 Maturity shifts -717 -3,155 -4,062
22 Exchanges 3,139 1,894 1,423
All maturities
23 Gross purchases 45,357 43,670 68,513
24 Gross sales 0 0 0
25 Redemptions 1,429 28,301 26,897
Matched transactions
26 Gross purchases 4,413,430 4,415,905 4,722,667
27 Gross sales 4,431,685 4,397,835 4,724,743
Repurchase agreements
28 Gross purchases 281,599 0 0
29 Gross sales 301,273 0 0
30 Net change in U.S. Treasury
securities 5,999 33,439 39,540
FEDERAL AGENCY OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0
32 Gross sales 0 0 0
33 Redemptions 157 51 120
Repurchase agreements
34 Gross purchases 360,069 0 0
35 Gross sales 370,772 0 0
36 Net change in federal
agency obligations -10,859 -51 -120
Reverse repurchase
agreements
37 Gross purchases 0 0 0
38 Gross sales 0 0 0
Repurchase agreements
39 Gross purchases 304,989 890,236 1,497,713
40 Gross sales 164,349 987,501 1,490,838
41 Net change in triparty
obligations 140,640 -97,265 6,875
42 Total net change in System
Open Market Account 135,780 -63,877 46,295
2001
Type of transaction
and maturity Sept. Oct. Nov. Dec.
U.S. TREASURY SECURITIES (2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 348 772 3,075 812
2 Gross sales 0 0 0 0
3 Exchanges 42,268 44,132 59,292 43,771
4 For new bills 42,268 44,132 59,292 43,771
5 Redemptions 1,543 0 0 0
Others within one year
6 Gross purchases 0 1,411 1,408 2,942
7 Gross sales 0 0 0 0
8 Maturity shifts 0 6,535 5,873 5,235
9 Exchanges 0 -11,809 -9,559 -6,666
10 Redemptions 0 473 0 0
One to five years
11 Gross purchases 851 22 1,920 634
12 Gross sales 0 0 0 0
13 Maturity shifts 0 -2,164 -3,073 -5,235
14 Exchanges 0 11,809 7,967 6,666
Five to ten years
15 Gross purchases 0 422 459 101
16 Gross sales 0 0 0 0
17 Maturity shifts 0 -4,372 -1,824 0
18 Exchanges 0 0 1,592 0
More than ten years
19 Gross purchases 0 1,184 0 448
20 Gross sales 0 0 0 0
21 Maturity shifts 0 0 -975 0
22 Exchanges 0 0 0 0
All maturities
23 Gross purchases 1,199 3,811 6,862 4,937
24 Gross sales 0 0 0 0
25 Redemptions 1,543 473 0 0
Matched transactions
26 Gross purchases 508,129 431,887 377,247 387,033
27 Gross sales 515,429 425,110 378,129 390,617
Repurchase agreements
28 Gross purchases 0 0 0 0
29 Gross sales 0 0 0 0
30 Net change in U.S. Treasury
securities -7,645 10,114 5,980 1,354
FEDERAL AGENCY OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0 0
32 Gross sales 0 0 0 0
33 Redemptions 0 0 0 0
Repurchase agreements
34 Gross purchases 0 0 0 0
35 Gross sales 0 0 0 0
36 Net change in federal
agency obligations 0 0 0 0
Reverse repurchase
agreements
37 Gross purchases 0 0 0 0
38 Gross sales 0 0 0 0
Repurchase agreements
39 Gross purchases 406,930 110,885 121,530 117,650
40 Gross sales 388,805 113,715 130,080 103,900
41 Net change in triparty
obligations 18,125 -2,830 -8,550 13,750
42 Total net change in System
Open Market Account 10,480 7,284 -2,570 15,104
2002
Type of transaction
and maturity Jan. Feb. Mar.
U.S. TREASURY SECURITIES (2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 2,772 1,042 3,013
2 Gross sales 0 0 0
3 Exchanges 55,521 54,619 48,483
4 For new bills 55,521 54,619 48,483
5 Redemptions 0 0 0
Others within one year
6 Gross purchases 0 2,894 1,455
7 Gross sales 0 0 0
8 Maturity shifts 5,850 7,537 0
9 Exchanges -5,766 -8,432 0
10 Redemptions 0 0 0
One to five years
11 Gross purchases 2,872 1,101 2,181
12 Gross sales 0 0 0
13 Maturity shifts -5,850 -6,283 0
14 Exchanges 5,766 7,679 0
Five to ten years
15 Gross purchases 0 334 637
16 Gross sales 0 0 0
17 Maturity shifts 0 -501 0
18 Exchanges 0 753 0
More than ten years
19 Gross purchases 582 1,054 291
20 Gross sales 0 0 0
21 Maturity shifts 0 -753 0
22 Exchanges 0 0 0
All maturities
23 Gross purchases 6,226 6,425 7,577
24 Gross sales 0 0 0
25 Redemptions 0 0 0
Matched transactions
26 Gross purchases 407,791 367,906 393,273
27 Gross sales 404,296 368,060 393,151
Repurchase agreements
28 Gross purchases 0 0 0
29 Gross sales 0 0 0
30 Net change in U.S. Treasury
securities 9,720 6,271 7,699
FEDERAL AGENCY OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0
32 Gross sales 0 0 0
33 Redemptions 0 0 0
Repurchase agreements
34 Gross purchases 0 0 0
35 Gross sales 0 0 0
36 Net change in federal
agency obligations 0 0 0
Reverse repurchase
agreements
37 Gross purchases 0 0 0
38 Gross sales 0 0 0
Repurchase agreements
39 Gross purchases 118,550 101,749 70,850
40 Gross sales 131,300 104,750 75,849
41 Net change in triparty
obligations -12,750 -3,001 -4,999
42 Total net change in System
Open Market Account -3,030 3,270 2,700
(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.
Federal Reserve Banks
1.18 FEDERAL RESERVE BANKS Condition and Federal Reserve Note
Statements (1)
Millions of dollars
Wednesday
2002
Account Mar. 27 Apr. 3 Apr. 10 Apr. 17
Consolidated condition statement
ASSETS
1 Gold certificate account 11,044 11,044 11,044 11,044
2 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
3 Coin 1,078 1,063 1,036 1,018
Loans
4 To depository institutions 22 2,119 49 51
5 Other 0 0 0 0
6 Acceptances held under
repurchase agreements 0 0 0 0
Triparty obligations
7 Repurchase agreements--
triparty (2) 24,000 27,500 23,000 27,200
Federal agency
obligations (3)
8 Bought outright 10 10 10 10
9 Held under repurchase
agreements 0 0 0 0
10 Total U.S. Treasury
securities (3) 576,093 577,218 577,486 580,046
11 Bought outright (4) 576,093 577,218 577,486 580,046
12 Bills 193,104 192,821 193,077 193,801
13 Notes 278,461 279,575 279,581 281,085
14 Bonds 104,528 104,823 104,827 105,159
15 Held under repurchase
agreements 0 0 0 0
16 Total loans and securities 600,125 606,848 600,544 607,306
17 Items in process of
collection 7,292 8,189 7,988 7,865
18 Bank premises 1,511 1,511 1,513 1,514
Other assets
19 Denominated in foreign
currencies (5) 14,388 14,456 14,556 14,639
20 All other (6) 21,453 21,240 21,681 21,942
21 Total assets 659,092 666,551 660,562 667,529
LIABILITIES
22 Federal Reserve notes 610,539 612,787 612,707 612,470
23 Reverse repurchase
agreements--triparty (2) 0 0 0 0
24 Total deposits 23,382 27,154 21,388 28,038
25 Depository institutions 18,099 20,763 16,069 19,991
26 U.S. Treasury--General
account 5,009 5,971 4,783 7,740
27 Foreign--Official accounts 71 123 269 76
28 Other 203 297 267 231
29 Deferred credit items 7,259 8,162 7,872 8,463
30 Other liabilities and
accrued dividends (7) 2,440 2,436 2,463 2,393
31 Total liabilities 643,619 650,540 644,430 651,364
CAPITAL ACCOUNTS
32 Capital paid in 7,650 8,003 8,007 8,005
33 Surplus 7,270 7,272 7,274 7,282
34 Other capital accounts 552 736 850 878
35 Total liabilities and
capital accounts 659,092 666,551 660,562 667,529
MEMO
36 Marketable U.S. Treasury
securities held in
custody for foreign and
international accounts n.a. n.a. n.a. n.a.
Federal Reserve note statement
37 Federal Reserve notes
outstanding (issued
to Banks) 748,344 747,105 747,641 747,085
38 LESS: Held by Federal
Reserve Banks 137,806 134,318 134,934 134,615
39 Federal Reserve notes, net 610,539 612,787 612,707 612,470
Collateral held against
notes, net
40 Gold certificate account 11,044 11,044 11,044 11,044
41 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
42 Other eligible assets 0 0 0 0
43 U.S. Treasury and agency
securities 597,294 599,543 599,463 599,226
44 Total collateral 610,539 612,787 612,707 612,470
Wednes-
day End of month
2002
Account Apr. 24 Feb. Mar. Apr.
Consolidated condition statement
ASSETS
1 Gold certificate account 11,044 11,044 11,044 11,044
2 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
3 Coin 999 1,132 1,094 989
Loans
4 To depository institutions 66 68 20 72
5 Other 0 0 0 0
6 Acceptances held under
repurchase agreements 0 0 0 0
Triparty obligations
7 Repurchase agreements--
triparty (2) 21,000 34,499 29,500 31,500
Federal agency
obligations (3)
8 Bought outright 10 10 10 10
9 Held under repurchase
agreements 0 0 0 0
10 Total U.S. Treasury
securities (3) 582,038 567,634 575,356 581,308
11 Bought outright (4) 582,038 567,634 575,356 581,308
12 Bills 193,713 189,229 192,364 192,466
13 Notes 283,086 274,268 278,463 283,535
14 Bonds 105,239 104,137 104,530 105,307
15 Held under repurchase
agreements 0 0 0 0
16 Total loans and securities 603,114 602,211 604,886 612,891
17 Items in process of
collection 7,393 5,270 5,306 9,541
18 Bank premises 1,515 1,509 1,511 1,512
Other assets
19 Denominated in foreign
currencies (5) 14,721 14,242 14,379 14,872
20 All other (6) 22,471 19,653 21,681 22,220
21 Total assets 663,457 657,262 662,100 675,268
LIABILITIES
22 Federal Reserve notes 612,437 606,322 609,749 613,166
23 Reverse repurchase
agreements--triparty (2) 0 0 0 0
24 Total deposits 24,668 26,965 28,544 33,279
25 Depository institutions 18,106 20,869 22,415 27,495
26 U.S. Treasury--General
account 6,255 5,752 5,692 5,387
27 Foreign--Official accounts 76 89 256 111
28 Other 231 254 181 287
29 Deferred credit items 7,664 6,183 5,645 9,621
30 Other liabilities and
accrued dividends (7) 2,423 2,420 2,436 2,388
31 Total liabilities 647,191 641,890 646,373 658,455
CAPITAL ACCOUNTS
32 Capital paid in 8,056 7,636 7,648 8,056
33 Surplus 7,290 7,266 7,270 7,290
34 Other capital accounts 920 469 809 1,468
35 Total liabilities and
capital accounts 663,457 657,262 662,100 675,268
MEMO
36 Marketable U.S. Treasury
securities held in
custody for foreign and
international accounts n.a. n.a. n.a. n.a.
Federal Reserve note statement
37 Federal Reserve notes
outstanding (issued
to Banks) 747,847 750,608 747,765 749,056
38 LESS: Held by Federal
Reserve Banks 135,411 144,285 138,016 135,890
39 Federal Reserve notes, net 612,437 606,322 609,749 613,166
Collateral held against
notes, net
40 Gold certificate account 11,044 11,044 11,044 11,044
41 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
42 Other eligible assets 0 0 0 0
43 U.S. Treasury and agency
securities 599,193 593,078 596,505 599,923
44 Total collateral 612,437 606,322 609,749 613,166
(1.) Some of the data in this table also appear in the Board's
H.4.1 (503) weekly statistical release. For ordering address, see
inside front cover.
(2.) Cash value of agreements arranged through third-party
custodial banks.
(3.) Face value of the securities.
(4.) Includes securities loaned--fully guaranteed by U.S. Treasury
securities pledged with Federal Reserve Banks--and includes
compensation that adjusts for the effects of inflation on the
principal of inflation-indexed securities. Excludes securities sold
and scheduled to be bought back under matched sale-purchase
transactions.
(5.) Valued monthly at market exchange rates.
(6.) Includes special investment account at the Federal Reserve Bank
of Chicago in Treasury bills maturing within ninety days.
(7.) Includes exchange-translation account reflecting the monthly
revaluation at market exchange rates of foreign exchange commitments.
1.19 FEDERAL RESERVE BANKS Maturity Distribution of Loan and Security
Holding
Millions of dollars
Wednesday
2002
Type of holding and maturity Mar. 27 Apr. 3 Apr. 10 Apr. 17
1 Total loans 22 2,119 49 51
2 Within fifteen days (1) 22 2,087 10 43
3 Sixteen days to ninety days 0 32 39 7
4 91 days to 1 year 0 0 0 0
5 Total U.S. Treasury
securities (2) 576,093 577,218 577,486 580,046
6 Within fifteen days (1) 23,545 13,110 14,857 25,010
7 Sixteen days to ninety days 126,066 135,840 135,462 128,461
8 Ninety-one days to one year 133,777 135,458 134,347 131,919
9 One year to five years 159,198 159,238 159,240 159,850
10 Five years to ten years 52,249 52,310 52,314 53,377
11 More than ten years 81,259 81,262 81,267 81,428
12 Total federal agency
obligations 10 10 10 10
13 Within fifteen days (1) 0 0 0 0
14 Sixteen days to ninety days 0 0 0 0
15 Ninety-one days to one year 0 0 0 0
16 One year to five years 10 10 10 10
17 Five years to ten years 0 0 0 0
18 More than ten years 0 0 0 0
Wednes-
day End of month
2002
Type of holding and maturity Apr. 24 Feb. Mar. Apr.
1 Total loans 66 68 20 72
2 Within fifteen days (1) 66 64 18 66
3 Sixteen days to ninety days 0 4 1 6
4 91 days to 1 year 0 0 0 0
5 Total U.S. Treasury
securities (2) 582,038 567,634 575,355 581,308
6 Within fifteen days (1) 27,661 4,223 9,609 16,152
7 Sixteen days to ninety days 126,543 121,710 139,985 129,556
8 Ninety-one days to one year 132,466 152,122 133,054 138,748
9 One year to five years 160,385 157,174 159,198 161,353
10 Five years to ten years 53,551 51,446 52,250 53,998
11 More than ten years 81,433 80,958 81,259 81,501
12 Total federal agency
obligations 10 10 10 10
13 Within fifteen days (1) 0 0 0 0
14 Sixteen days to ninety days 0 0 0 0
15 Ninety-one days to one year 0 0 0 0
16 One year to five years 10 10 10 10
17 Five years to ten years 0 0 0 0
18 More than ten years 0 0 0 0
(1.) Holdings under repurchase agreements are classified as maturing
within fifteen days in accordance with maximum maturity of the
agreements.
(2.) Includes compensation that adjusts for the effects of inflation
on the principal of inflation-indexed securities.
Monetary and Credit Aggregates
1.20 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY
BASE (1)
Billions of dollars, averages of daily figures
1998 1999 2000 2001
Item Dec. Dec. Dec. Dec.
Seasonally adjusted
ADJUSTED FOR CHANGES IN
RESERVE REQUIREMENTS (2)
1 Total reserves (3) 45.14 41.82 38.54 41.10
2 Nonborrowed reserves (4) 45.02 41.50 38.33 41.03
3 Nonborrowed reserves plus
extended credit (5) 45.02 41.50 38.33 41.03
4 Required reserves 43.62 40.53 37.11 39.46
5 Monetary base (6) 513.55 593.12 584.04 634.39 (r)
Not seasonally adjusted
6 Total reserves (7) 45.31 41.89 38.53 41.07
7 Nonborrowed reserves 45.19 41.57 38.32 41.01
8 Nonborrowed reserves plus
extended credit (5) 45.19 41.57 38.32 41.01
9 Required reserves (8) 43.80 40.59 37.10 39.43
10 Monetary base (9) 518.27 600.72 590.06 639.89
NOT ADJUSTED FOR CHANGES IN
RESERVE REQUIREMENTS (10)
11 Total reserves (11) 45.21 41.65 38.47 40.96
12 Nonborrowed reserves 45.09 41.33 38.26 40.89
13 Nonborrowed reserves plus
extended credit (5) 45.09 41.33 38.26 40.89
14 Required reserves 43.70 40.36 37.05 39.32
15 Monetary base (12) 525.06 608.02 596.98 648.73 (r)
16 Excess reserves (13) 1.51 1.30 1.43 1.64
17 Borrowings from the Federal
Reserve .12 .32 .21 .07
2001
Item Sept. Oct. Nov. Dec.
Seasonally adjusted
ADJUSTED FOR CHANGES IN
RESERVE REQUIREMENTS (2)
1 Total reserves (3) 58.21 45.66 40.90 41.10
2 Nonborrowed reserves (4) 54.83 45.53 40.82 41.03
3 Nonborrowed reserves plus
extended credit (5) 54.83 45.53 40.82 41.03
4 Required reserves 39.20 44.33 39.42 39.46
5 Monetary base (6) 639.69 630.44 629.47 634.39 (r)
Not seasonally adjusted
6 Total reserves (7) 57.68 45.19 40.29 41.07
7 Nonborrowed reserves 54.29 45.06 40.20 41.01
8 Nonborrowed reserves plus
extended credit (5) 54.29 45.06 40.20 41.01
9 Required reserves (8) 38.66 43.87 38.80 39.43
10 Monetary base (9) 637.97 628.27 629.77 639.89
NOT ADJUSTED FOR CHANGES IN
RESERVE REQUIREMENTS (10)
11 Total reserves (11) 57.57 45.06 40.16 40.96
12 Nonborrowed reserves 54.18 44.93 40.07 40.89
13 Nonborrowed reserves plus
extended credit (5) 54.18 44.93 40.07 40.89
14 Required reserves 38.55 43.74 38.67 39.32
15 Monetary base (12) 645.73 636.37 637.74 648.73 (r)
16 Excess reserves (13) 19.02 1.32 1.49 1.64
17 Borrowings from the Federal
Reserve 3.39 .13 .08 .07
2002
Item Jan. Feb.
Seasonally adjusted
ADJUSTED FOR CHANGES IN
RESERVE REQUIREMENTS (2)
1 Total reserves (3) 41.51 41.36
2 Nonborrowed reserves (4) 41.46 41.33
3 Nonborrowed reserves plus
extended credit (5) 41.46 41.33
4 Required reserves 40.11 39.99
5 Monetary base (6) 640.87 (r) 646.22 (r)
Not seasonally adjusted
6 Total reserves (7) 43.46 42.38
7 Nonborrowed reserves 43.41 42.35
8 Nonborrowed reserves plus
extended credit (5) 43.41 42.35
9 Required reserves (8) 42.06 41.00
10 Monetary base (9) 644.29 (r) 645.71 (r)
NOT ADJUSTED FOR CHANGES IN
RESERVE REQUIREMENTS (10)
11 Total reserves (11) 43.47 42.40
12 Nonborrowed reserves 43.42 42.37
13 Nonborrowed reserves plus
extended credit (5) 43.42 42.37
14 Required reserves 42.07 41.02
15 Monetary base (12) 653.30 (r) 654.93 (r)
16 Excess reserves (13) 1.41 1.37
17 Borrowings from the Federal
Reserve .05 .03
2002
Item Mar. (r) Apr.
Seasonally
adjusted
ADJUSTED FOR CHANGES IN
RESERVE REQUIREMENTS (2)
1 Total reserves (3) 40.99 40.75
2 Nonborrowed reserves (4) 40.91 40.68
3 Nonborrowed reserves plus
extended credit (5) 40.91 40.68
4 Required reserves 39.57 39.54
5 Monetary base (6) 649.66 653.96
Not seasonally
adjusted
6 Total reserves (7) 40.24 40.84
7 Nonborrowed reserves 40.16 40.77
8 Nonborrowed reserves plus
extended credit (5) 40.16 40.77
9 Required reserves (8) 38.82 39.63
10 Monetary base (9) 649.22 653.25
NOT ADJUSTED FOR CHANGES IN
RESERVE REQUIREMENTS (10)
11 Total reserves (11) 40.27 40.88
12 Nonborrowed reserves 40.19 40.81
13 Nonborrowed reserves plus
extended credit (5) 40.19 40.81
14 Required reserves 38.85 39.68
15 Monetary base (12) 658.77 663.34
16 Excess reserves (13) 1.42 1.21
17 Borrowings from the Federal
Reserve .08 .07
(1.) Latest monthly and biweekly figures are available from the Board's
H.3 (502) weekly statistical release. Historical data starting in 1959
and estimates of the effect on required reserves of changes in reserve
requirements are available from the Money and Reserves Projections
Section, Division of Monetary Affairs, Board of Governors of the
Federal Reserve System, Washington, DC 20551.
(2.) Figures reflect adjustments for discontinuities, or "breaks,"
associated with regulatory changes in reserve requirements.
(See also table 1.10.)
(3.) Seasonally adjusted, break-adjusted total reserves equal
seasonally adjusted, break-adjusted required reserves (line 4) plus
excess reserves (line 16).
(4.) Seasonally adjusted, break-adjusted nonborrowed reserves equal
seasonally adjusted, break-adjusted total reserves (line 1) less total
borrowings of depository institutions from the Federal Reserve
(line 17).
(5.) Extended credit consists of borrowing at the discount window under
the terms and conditions established for the extended credit program to
help depository institutions deal with sustained liquidity pressures.
Because there is not the same need to repay such borrowing promptly as
with traditional short-term adjustment credit, the money market effect
of extended credit is similar to that of nonborrowed reserves.
(6.) The seasonally adjusted, break-adjusted monetary base consists of
(1) seasonally adjusted, break-adjusted total reserves (line 1), plus
(2) the seasonally adjusted currency component of the money stock,
plus (3) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly
reporters whose vault cash exceeds their required reserves) the
seasonally adjusted, break-adjusted difference between current vault
cash and the amount applied to satisfy current reserve requirements.
(7.) Break-adjusted total reserves equal break-adjusted required
reserves (line 9) plus excess reserves (line 16).
(8.) To adjust required reserves for discontinuities that are due to
regulatory changes in reserve requirements, a multiplicative procedure
is used to estimate what required reserves would have been in past
periods had current reserve requirements been in effect. Break-adjusted
required reserves include required reserves against transactions
deposits and nonpersonal time and savings deposits (but not reservable
nondeposit liabilities).
(9.) The break-adjusted monetary base equals (1) break-adjusted total
reserves (line 6), plus (2) the (unadjusted) currency component of the
money stock, plus (3) (for all quarterly reporters on the "Report of
Transaction Accounts, Other Deposits and Vault Cash" and for all those
weekly reporters whose vault cash exceeds their required reserves) the
break-adjusted difference between current vault cash and the amount
applied to satisfy current reserve requirements.
(10.) Reflects actual reserve requirements, including those on
nondeposit liabilities, with no adjustments to eliminate the effects
of discontinuities associated with regulatory changes in reserve
requirements.
(11.) Reserve balances with Federal Reserve Banks plus vault cash used
to satisfy reserve requirements.
(12.) The monetary base, not break-adjusted and not seasonally
adjusted, consists of (1) total reserves (line 11), plus (2) required
clearing balances and adjustments to compensate for float at Federal
Reserve Banks, plus (3) the currency component of the money stock,
plus (4) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly
reporters whose vault cash exceeds their required reserves) the
difference between current vault cash and the amount applied to
satisfy current reserve requirements. Since February 1984, currency
and vault cash figures have been measured over the computation
periods ending on Mondays.
(13.) Unadjusted total reserves (line 11) less unadjusted required
reserves (line 14).
1.21 MONEY STOCK MEASURES (1)
Billions of dollars, averages of daily figures
1998 1999 2000
Item Dec. Dec. Dec.
Seasonally adjusted
Measures (2)
1 M1 1,096.5 1,124.4 1,088.9
2 M2 4,381.4 (r) 4,651.4 (r) 4,940.0 (r)
3 M3 6,041.9 (r) 6,543.0 (r) 7,119.6 (r)
M1 components
4 Currency (3) 459.3 516.9 530.1
5 Travelers checks (4) 8.2 8.3 8.0
6 Demand deposits (5) 378.4 354.5 309.9
7 Other checkable
deposits (6) 250.5 244.7 240.9
Nontransaction components
8 In M2 (7) 3,285.0 (r) 3,527.1 (r) 3,851.1 (r)
9 In M3 only (8) 1,660.5 (r) 1,891.6 (r) 2,179.5 (r)
Commercial banks
10 Savings deposits,
including MMDAs 1,187.5 1,289.1 1,423.7
11 Small time deposits (9) 626.1 635.0 699.1
12 Large time deposits
(10),(11) 582.9 (r) 651.6 (r) 717.2 (r)
Thrift institutions
13 Savings deposits,
including MMDAs 414.7 449.7 452.1
14 Small time deposits (9) 325.6 320.4 344.5
15 Large time deposits (10) 88.6 91.1 102.9
Money market mutual funds
16 Retail 731.1 (r) 833.0 (r) 931.7 (r)
17 Institution-only 543.1 (r) 639.0 (r) 799.1 (r)
Repurchase agreements and
eurodollars
18 Repurchase
agreements (12) 293.4 336.0 364.0
19 Eurodollars (12) 152.5 174.0 196.4
Not seasonally adjusted
Measures (2)
20 M1 1,120.4 1,148.3 1,112.3
21 M2 4,401.6 (r) 4,672.3 (r) 4,963.7 (r)
22 M3 6,070.8 (r) 6,574.7 (r) 7,154.8 (r)
M1 components
23 Currency (3) 463.3 521.5 535.2
24 Travelers checks (4) 8.4 8.4 8.1
25 Demand deposits (5) 395.9 371.8 326.5
26 Other checkable
deposits (6) 252.8 246.6 242.5
Nontransaction components
27 In M2 (7) 3,281.1 (r) 3,524.0 (r) 3,851.4 (r)
28 In M3 only (8) 1,669.2 (r) 1,902.4 (r) 2,191.1 (r)
Commercial banks
29 Savings deposits,
including MMDAs 1,186.0 1,288.8 1,426.9
30 Small time deposits (9) 626.5 635.7 700.0
31 Large time deposits
(10),(11) 583.2 (r) 652.0 (r) 717.6 (r)
Thrift institutions
32 Savings deposits,
including MMDAs 414.2 449.6 453.1
33 Small time deposits (9) 325.8 320.8 345.0
34 Large time deposits (10) 88.6 91.2 103.0
Money market mutual funds
35 Retail 728.6 (r) 829.2 (r) 926.4 (r)
36 Institution-only 552.6 (r) 648.6 (r) 808.1 (r)
Repurchase agreements and
eurodollars
37 Repurchase
agreements (12) 290.4 334.7 364.2
38 Eurodollars (12) 154.5 176.0 198.2
2002
2001
Item Dec. (r) Jan. (r) Feb. (r)
Seasonally adjusted
Measures (2)
1 M1 1,179.3 1,182.5 1,184.4
2 M2 5,465.4 5,474.8 5,505.8
3 M3 8,039.8 8,029.2 8,066.0
M1 components
4 Currency (3) 579.9 586.1 591.4
5 Travelers checks (4) 7.8 7.8 7.8
6 Demand deposits (5) 330.4 327.2 324.7
7 Other checkable
deposits (6) 261.1 261.3 260.4
Nontransaction components
8 In M2 (7) 4,286.2 4,292.3 4,321.4
9 In M3 only (8) 2,574.4 2,554.4 2,560.2
Commercial banks
10 Savings deposits,
including MMDAs 1,745.8 1,773.5 1,806.2
11 Small time deposits (9) 638.9 630.3 623.4
12 Large time deposits
(10),(11) 670.4 678.7 677.3
Thrift institutions
13 Savings deposits,
including MMDAs 561.5 571.7 590.2
14 Small time deposits (9) 334.2 328.4 324.6
15 Large time deposits (10) 113.9 115.2 114.5
Money market mutual funds
16 Retail 1,005.8 988.5 977.0
17 Institution-only 1,207.2 1,179.2 1,177.4
Repurchase agreements and
eurodollars
18 Repurchase
agreements (12) 372.1 371.6 375.3
19 Eurodollars (12) 210.7 209.6 215.8
Not seasonally adjusted
Measures (2)
20 M1 1,203.5 1,185.4 1,171.7
21 M2 5,490.3 5,478.3 5,496.9
22 M3 8,078.0 8,057.0 8,097.5
M1 components
23 Currency (3) 584.9 584.7 591.0
24 Travelers checks (4) 7.9 8.0 8.0
25 Demand deposits (5) 348.2 329.7 316.9
26 Other checkable
deposits (6) 262.5 263.1 255.8
Nontransaction components
27 In M2 (7) 4,286.9 4,292.9 4,325.2
28 In M3 only (8) 2,587.7 2,578.7 2,600.6
Commercial banks
29 Savings deposits,
including MMDAs 1,750.2 1,766.4 1,796.1
30 Small time deposits (9) 639.6 632.3 625.2
31 Large time deposits
(10),(11) 670.5 671.4 675.7
Thrift institutions
32 Savings deposits,
including MMDAs 562.9 569.4 586.9
33 Small time deposits (9) 334.5 329.5 325.6
34 Large time deposits (10) 114.0 114.0 114.2
Money market mutual funds
35 Retail 999.6 995.3 991.4
36 Institution-only 1,218.5 1,211.2 1,215.6
Repurchase agreements and
eurodollars
37 Repurchase
agreements (12) 372.9 371.6 376.9
38 Eurodollars (12) 211.9 210.6 218.2
2002
Item Mar. (r) Apr.
Seasonally adjusted
Measures (2)
1 M1 1,187.3 1,176.0
2 M2 5,499.3 5,480.6
3 M3 8,059.3 8,041.2
M1 components
4 Currency (3) 595.1 599.5
5 Travelers checks (4) 7.7 7.7
6 Demand deposits (5) 324.0 309.4
7 Other checkable
deposits (6) 260.5 259.4
Nontransaction components
8 In M2 (7) 4,312.0 4,304.6
9 In M3 only (8) 2,560.0 2,560.6
Commercial banks
10 Savings deposits,
including MMDAs 1,814.1 1,824.5
11 Small time deposits (9) 617.5 613.6
12 Large time deposits
(10),(11) 678.6 688.0
Thrift institutions
13 Savings deposits,
including MMDAs 603.9 612.6
14 Small time deposits (9) 322.0 319.3
15 Large time deposits (10) 113.8 114.4
Money market mutual funds
16 Retail 954.5 934.7
17 Institution-only 1,177.2 1,175.2
Repurchase agreements and
eurodollars
18 Repurchase
agreements (12) 372.8 365.9
19 Eurodollars (12) 217.6 217.1
Not seasonally
adjusted
Measures (2)
20 M1 1,189.3 1,188.3
21 M2 5,544.9 5,557.9
22 M3 8,141.5 8,132.3
M1 components
23 Currency (3) 596.1 599.7
24 Travelers checks (4) 7.9 7.9
25 Demand deposits (5) 322.7 309.9
26 Other checkable
deposits (6) 262.7 270.9
Nontransaction components
27 In M2 (7) 4,355.6 4,369.6
28 In M3 only (8) 2,596.6 2,574.4
Commercial banks
29 Savings deposits,
including MMDAs 1,824.8 1,851.1
30 Small time deposits (9) 617.9 613.1
31 Large time deposits
(10),(11) 681.0 689.3
Thrift institutions
32 Savings deposits,
including MMDAs 607.4 621.5
33 Small time deposits (9) 322.3 319.0
34 Large time deposits (10) 114.2 114.6
Money market mutual funds
35 Retail 983.1 964.9
36 Institution-only 1,208.0 1,185.1
Repurchase agreements and
eurodollars
37 Repurchase
agreements (12) 373.7 365.7
38 Eurodollars (12) 219.8 219.7
(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 20511.
(2.) Composition of the money stock measures and debt is as follows:
M1: (1) currency outside the U.S. Treasury, Federal Reserve Banks, and
the vaults of depository institutions, (2) travelers checks of nonbank
issuers, (3) demand deposits at all commercial banks other than those
owed to depository institutions, the U.S. government, and foreign banks
and official institutions, less cash items in the process of collection
and Federal Reserve float, and (4) other checkable deposits (OCDs),
consisting of negotiable order of withdrawal (NOW) and automatic
transfer service (ATS) accounts at depository institutions, credit
union share draft accounts, and demand deposits at thrift institutions.
Seasonally adjusted M1 is computed by summing currency, travelers
checks, demand deposits, and OCDs, each seasonally adjusted separately.
M2: M1 plus (1) savings deposits (including MMDAs), (2)
small-denomination time deposits (time deposits--including retail
RPs--in amounts of less than $100,000), and (3) balances in retail
money market mutual funds. Excludes individual retirement accounts
(IRAs) and Keogh balances at depository institutions and money market
funds. Seasonally adjusted M2 is calculated by summing savings deposits,
small-denomination time deposits, and retail money fund balances, each
seasonally adjusted separately, and adding this result to seasonally
adjusted M1.
M3: M2 plus (1) large-denomination time deposits (in amounts of
$100,000 or more) issued by all depository institutions, (2) balances
in institutional money funds, (3) RP liabilities (overnight and term)
issued by all depository institutions, and (4) eurodollars (overnight
and term) held by U.S. residents at foreign branches of U.S. banks
worldwide and at all banking offices in the United Kingdom and Canada.
Excludes amounts held by depository institutions, the U.S. government,
money market funds, and foreign banks and official institutions.
Seasonally adjusted M3 is calculated by summing large time deposits,
institutional money fund balances, RP liabilities, and eurodollars,
each seasonally adjusted separately, and adding this result to
seasonally adjusted M2.
(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 check issued by depository institutions are
included in demand deposits.
(5) Demand deposits at commercial banks and foreign-related
institutions other than those owed to depository institutions, the
U.S. government, and foreign banks and official institutions, less
cash items in the process of collection and Federal Reserve float.
(6.) Consists of NOW and ATS account balances at all depository
institutions, credit union share draft account balances, and demand
deposits at thrift institutions.
(7.) Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances.
(8.) Sum of (1) large time deposits, (2) institutional money fund
balances, (3) RP liabilities (overnight and term) issued by depository
institutions, and (4) eurodollars (overnight and term) of U.S.
addressees.
(9.) Small time deposits--including retail RPs--are those issued in
amounts of less than $100,000. All IRAs and Keogh accounts at
commercial banks and thrift institutions are subtracted from small time
deposits.
(10.) Large time deposits are those issued in amounts of $100,000 or
more, excluding those booked at international banking facilities.
(11.) Large time deposits at commercial banks less those held by money
market funds, depository institutions, the U.S. government, and foreign
banks and official institutions.
(12.) Includes both overnight and term.
Commercial Banking Institutions--Assets and Liabilities 1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities (1)
A. All commercial banks
Billions of dollars
Monthly averages
2001 2001
Oct. Nov. Dec.
Account Apr. (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 5,311.5 (r) 5,428.8 5,459.1 5,451.2
2 Securities in bank
credit 1,363.7 (r) 1,472.7 1,488.3 1,491.4
3 U.S. government
securities 764.1 (r) 808.5 816.3 832.8
4 Other securities 599.6 664.2 672.0 658.6
5 Loans and leases in
bank credit (2) 3,947.8 (r) 3,956.2 3,970.8 3,959.8
6 Commercial and
industrial 1,097.9 (r) 1,053.6 1,042.5 1,033.4
7 Real estate 1,693.8 1,753.3 1,773.6 1,786.3
8 Revolving home
equity 133.6 149.2 151.1 154.1
9 Other 1,560.2 (r) 1,604.0 1,622.5 1,632.3
10 Consumer 549.0 552.1 559.6 558.4
11 Security (3) 174.7 154.2 154.1 145.6
12 Other loans and
leases 432.5 443.0 441.1 436.1
13 Interbank loans 285.1 301.9 286.1 292.6
14 Cash assets (4) 283.5 302.5 296.7 297.5
15 Other assets (5) 429.7 488.4 485.9 480.5
16 Total assets (6) 6,244.1 (r) 6,451.6 6,456.9 6,449.4
Liabilities
17 Deposits 4,005.6 4,181.6 4,200.2 4,242.6
18 Transaction 607.1 641.0 635.5 640.7
19 Nontransaction 3,398.5 3,540.6 3,564.7 3,601.9
20 Large time 956.9 982.1 984.7 983.6
21 Other 2,441.6 2,558.5 2,579.9 2,618.4
22 Borrowings 1,278.8 1,269.8 1,255.8 1,250.7
23 From banks in the U.S. 408.6 425.1 413.6 415.7
24 From others 870.2 844.6 842.3 835.0
25 Net due to related
foreign offices 173.3 178.1 160.0 146.5
26 Other liabilities 365.9 371.2 401.7 354.7
27 Total liabilities 5,823.5 6,000.6 6,017.8 5,994.5
28 Residual (assets less
liabilities) (7) 420.5 (r) 451.0 439.2 454.8
Not seasonally adjusted
Assets
29 Bank credit 5,308.8 (r) 5,431.5 5,474.6 5,484.0
30 Securities in bank
credit 1,362.9 (r) 1,472.3 1,492.0 1,498.8
31 U.S. government
securities 765.7 (r) 805.2 817.0 837.6
32 Other securities 597.3 667.1 674.9 661.1
33 Loans and leases in
bank credit (2) 3,945.9 (r) 3,959.2 3,982.6 3,985.3
34 Commercial and
industrial 1,102.4 (r) 1,055.0 1,044.1 1,033.1
35 Real estate 1,690.8 1,755.1 1,778.0 1,790.7
36 Revolving home
equity 133.1 149.7 151.6 154.2
37 Other 1,557.7 (r) 1,605.4 1,626.4 1,636.5
38 Consumer 545.8 (r) 552.6 562.0 567.9
39 Credit cards and
related plans 214.0 216.8 225.8 232.2
40 Other 331.8 335.7 336.1 335.7
41 Security (3) 174.0 156.3 157.3 152.0
42 Other loans and
leases 432.9 440.2 441.2 441.6
43 Interbank loans 295.8 297.0 289.7 299.0
44 Cash assets (4) 283.2 304.4 306.0 317.3
45 Other assets (5) 430.0 487.1 487.1 483.5
46 Total assets (6) 6,252.3 (r) 6,450.2 6,486.3 6,511.2
Liabilities
47 Deposits 4,028.2 4,166.8 4,219.5 4,293.3
48 Transaction 615.8 635.3 641.6 669.3
49 Nontransaction 3,412.4 3,531.6 3,577.8 3,624.0
50 Large time 958.4 976.5 991.5 998.0
51 Other 2,454.0 2,555.0 2,586.3 2,626.0
52 Borrowings 1,286.1 1,271.4 1,258.6 1,250.7
53 From banks in the U.S. 414.6 423.1 410.7 417.3
54 From others 871.5 848.3 847.9 833.4
55 Net due to related
foreign offices 164.3 177.4 163.3 153.1
56 Other liabilities 356.7 371.5 407.4 360.3
57 Total liabilities 5,835.3 5,987.2 6,048.8 6,057.5
58 Residual (assets less
liabilities) (7) 417.0 (r) 463.1 437.6 453.7
Monthly averages
2002
Account Jan. (r) Feb. (r) Mar. (r) Apr.
Seasonally adjusted
Assets
1 Bank credit 5,433.7 5,434.8 5,424.7 5,442.3
2 Securities in bank
credit 1,490.7 1,483.4 1,480.0 1,496.3
3 U.S. government
securities 820.0 811.8 828.0 848.9
4 Other securities 670.7 671.6 651.9 647.4
5 Loans and leases in
bank credit (2) 3,942.9 3,951.4 3,944.7 3,946.0
6 Commercial and
industrial 1,025.0 1,033.2 1,031.1 1,019.7
7 Real estate 1,781.8 1,787.4 1,785.9 1,788.2
8 Revolving home
equity 157.3 160.6 166.0 170.7
9 Other 1,624.5 1,626.7 1,619.9 1,617.5
10 Consumer 561.2 563.8 561.6 565.5
11 Security (3) 150.1 149.7 155.7 162.3
12 Other loans and
leases 424.8 417.3 410.5 410.3
13 Interbank loans 292.5 276.4 268.3 268.5
14 Cash assets (4) 299.1 295.4 295.8 293.7
15 Other assets (5) 483.0 484.0 463.0 475.0
16 Total assets (6) 6,434.0 6,416.2 6,377.2 6,405.5
Liabilities
17 Deposits 4,254.0 4,266.8 4,301.8 4,319.2
18 Transaction 635.9 625.4 621.8 603.8
19 Nontransaction 3,618.1 3,641.4 3,680.0 3,715.4
20 Large time 996.4 1,008.2 1,020.2 1,031.1
21 Other 2,621.7 2,633.2 2,659.8 2,684.4
22 Borrowings 1,236.9 1,232.1 1,202.2 1,217.7
23 From banks in the U.S. 412.2 405.7 392.9 392.8
24 From others 824.8 826.4 809.3 824.8
25 Net due to related
foreign offices 125.7 106.5 108.8 102.4
26 Other liabilities 338.6 333.4 305.8 318.9
27 Total liabilities 5,955.3 5,938.8 5,918.6 5,958.3
28 Residual (assets less
liabilities) (7) 478.7 477.4 458.6 447.3
Not seasonally adjusted
Assets
29 Bank credit 5,451.0 5,439.8 5,419.0 5,439.0
30 Securities in bank
credit 1,498.8 1,490.9 1,485.6 1,495.7
31 U.S. government
securities 825.1 818.8 834.3 850.7
32 Other securities 673.6 672.1 651.3 645.0
33 Loans and leases in
bank credit (2) 3,952.2 3,948.9 3,933.3 3,943.4
34 Commercial and
industrial 1,020.5 1,032.1 1,032.6 1,023.9
35 Real estate 1,781.0 1,782.3 1,778.3 1,784.9
36 Revolving home
equity 157.1 160.6 164.5 170.0
37 Other 1,623.9 1,621.7 1,613.9 1,614.9
38 Consumer 569.0 566.1 558.8 562.0
39 Credit cards and
related plans 229.0 225.1 221.9 225.7
40 Other 340.0 341.0 336.9 336.2
41 Security (3) 154.0 151.3 153.5 161.4
42 Other loans and
leases 427.7 417.2 410.1 411.2
43 Interbank loans 290.7 275.2 273.2 278.3
44 Cash assets (4) 312.0 296.6 286.0 293.1
45 Other assets (5) 484.6 483.0 462.4 475.5
46 Total assets (6) 6,464.1 6,420.0 6,365.9 6,412.2
Liabilities
47 Deposits 4,279.9 4,282.7 4,307.1 4,343.2
48 Transaction 648.9 620.1 616.8 612.2
49 Nontransaction 3,631.0 3,662.6 3,690.3 3,731.0
50 Large time 1,009.2 1,015.3 1,021.0 1,033.5
51 Other 2,621.8 2,647.2 2,669.2 2,697.5
52 Borrowings 1,250.4 1,235.4 1,200.6 1,224.1
53 From banks in the U.S. 417.4 410.9 397.3 398.1
54 From others 833.0 824.5 803.3 826.0
55 Net due to related
foreign offices 133.1 113.0 110.4 93.9
56 Other liabilities 344.3 338.5 305.5 311.5
57 Total liabilities 6,007.7 5,969.6 5,923.7 5,972.8
58 Residual (assets less
liabilities) (7) 456.4 450.5 442.3 439.4
Wednesday figures
2002
Account Apr. 3 Apr. 10 Apr. 17 Apr. 24
Seasonally adjusted
Assets
1 Bank credit 5,429.9 5,449.0 5,426.9 5,455.5
2 Securities in bank
credit 1,479.7 1,492.5 1,490.8 1,502.1
3 U.S. government
securities 840.1 843.7 844.4 854.3
4 Other securities 639.6 648.9 646.4 647.8
5 Loans and leases in
bank credit (2) 3,950.2 3,956.4 3,936.1 3,953.4
6 Commercial and
industrial 1,025.7 1,023.2 1,018.6 1,019.4
7 Real estate 1,786.0 1,793.9 1,785.8 1,788.6
8 Revolving home
equity 168.7 169.6 170.5 171.2
9 Other 1,617.4 1,624.3 1,615.3 1,617.5
10 Consumer 561.6 562.2 569.2 569.1
11 Security (3) 165.6 167.6 153.5 165.8
12 Other loans and
leases 411.2 409.6 409.1 410.6
13 Interbank loans 264.7 261.6 268.3 265.7
14 Cash assets (4) 294.0 290.0 289.3 289.2
15 Other assets (5) 475.8 476.9 469.9 471.9
16 Total assets (6) 6,390.7 6,403.8 6,380.4 16,408.4
Liabilities
17 Deposits 4,325.0 4,315.5 4,325.8 4,294.3
18 Transaction 587.9 586.6 605.6 633.0
19 Nontransaction 3,737.1 3,728.9 3,720.1 3,661.3
20 Large time 1,039.4 1,036.2 1,029.2 1,020.8
21 Other 2,697.7 2,692.7 2,691.0 2,640.4
22 Borrowings 1,207.3 1,224.5 1,199.8 1,214.8
23 From banks in the U.S. 397.0 400.6 393.5 382.9
24 From others 810.3 823.9 806.4 832.0
25 Net due to related
foreign offices 98.1 104.3 102.3 118.1
26 Other liabilities 312.9 310.8 326.4 323.8
27 Total liabilities 5,943.4 5,955.0 5,954.3 5,951.0
28 Residual (assets less
liabilities) (7) 447.3 448.8 426.1 457.4
Not seasonally adjusted
Assets
29 Bank credit 5,419.8 5,435.2 5,434.0 5,451.2
30 Securities in bank
credit 1,483.9 1,495.2 1,491.7 1,497.6
31 U.S. government
securities 846.5 849.8 847.3 852.8
32 Other securities 637.4 645.4 644.4 644.8
33 Loans and leases in
bank credit (2) 3,935.9 3,940.0 3,942.3 3,953.6
34 Commercial and
industrial 1,029.5 1,023.4 1,024.2 1,024.1
35 Real estate 1,779.2 1,789.5 1,782.4 1,785.7
36 Revolving home
equity 166.8 167.9 169.7 171.3
37 Other 1,612.5 1,621.6 1,612.7 1,614.4
38 Consumer 556.5 556.8 565.1 567.2
39 Credit cards and
related plans 221.0 220.7 228.9 230.4
40 Other 335.5 336.1 336.3 336.7
41 Security (3) 156.2 159.9 159.3 166.8
42 Other loans and
leases 414.4 410.4 411.2 409.8
43 Interbank loans 281.7 279.0 285.1 264.5
44 Cash assets (4) 293.3 281.7 296.0 282.9
45 Other assets (5) 480.2 478.3 470.6 469.0
46 Total assets (6) 6,401.6 6,400.7 6,411.9 6,394.0
Liabilities
47 Deposits 4,364.9 4,358.5 4,371.0 4,286.6
48 Transaction 602.7 594.0 628.8 627.4
49 Nontransaction 3,762.3 3,764.5 3,742.2 3,659.2
50 Large time 1,040.3 1,036.0 1,030.9 1,024.7
51 Other 2,722.0 2,728.5 2,711.2 2,634.5
52 Borrowings 1,202.4 1,216.7 1,204.8 1,230.2
53 From banks in the U.S. 401.4 403.5 399.0 389.2
54 From others 800.9 813.2 805.8 841.0
55 Net due to related
foreign offices 92.4 90.5 88.2 112.9
56 Other liabilities 307.7 299.8 314.2 319.0
57 Total liabilities 5,967.4 5,965.5 5,978.1 5,948.8
58 Residual (assets less
liabilities) (7) 434.2 435.2 433.9 445.2
B. Domestically chartered commercial banks
Billions of dollars
Monthly averages
2001 2001
Oct. Nov. Dec.
Account Apr. (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 4,694.9 (r) 4,837.2 4,861.2 4,856.9
2 Securities in bank
credit 1,145.0 (r) 1,242.6 1,252.8 1,254.3
3 U.S. government
securities 694.5 (r) 751.3 756.1 774.7
4 Other securities 450.4 (r) 491.3 496.8 479.6
5 Loans and leases in
bank credit (2) 3,549.9 (r) 3,594.7 3,608.3 3,602.6
6 Commercial and
industrial 882.3 (r) 857.0 846.4 838.7
7 Real estate 1,676.1 1,734.5 1,754.6 1,767.3
8 Revolving home
equity 133.6 149.2 151.1 154.1
9 Other 1,542.5 1,585.3 1,603.6 1,613.2
10 Consumer 549.0 552.1 559.6 558.4
11 Security (3) 77.1 78.8 77.1 71.4
12 Other loans and
leases 365.5 372.2 370.6 366.8
13 Interbank loans 257.9 278.2 261.1 272.2
14 Cash assets (4) 245.2 263.5 258.6 258.5
15 Other assets (5) 391.2 455.9 451.8 450.0
16 Total assets (6) 5,523.8 (r) 5,765.2 5,762.2 5,765.5
Liabilities
17 Deposits 3,606.2 3,758.2 3,766.7 3,797.9
18 Transaction 596.3 630.1 624.7 629.5
19 Nontransaction 3,009.9 3,128.1 3,142.0 3,168.4
20 Large time 570.6 572.5 565.1 553.5
21 Other 2,439.3 2,555.6 2,576.9 2,614.9
22 Borrowings 1,035.2 1,061.5 1,042.7 1,047.8
23 From banks in the U.S. 382.9 401.2 389.1 390.9
24 From others 652.3 660.3 653.6 656.9
25 Net due to related
foreign offices 190.3 193.4 189.1 193.6
26 Other liabilities 277.1 295.4 323.9 279.2
27 Total liabilities 5,108.7 5,308.5 5,322.4 5,318.6
28 Residual (assets less
liabilities) (7) 415.0 (r) 456.7 439.8 447.0
Not seasonally adjusted
Assets
29 Bank credit 4,692.3 (r) 4,839.9 4,874.0 4,882.2
30 Securities in bank
credit 1,144.2 (r) 1,242.2 1,256.5 1,261.7
31 U.S. government
securities 696.1 (r) 748.1 756.8 779.6
32 Other securities 448.1 (r) 494.1 499.7 482.1
33 Loans and leases in
bank credit (2) 3,548.1 (r) 3,597.7 3,617.5 3,620.5
34 Commercial and
industrial 888.1 (r) 857.8 846.4 836.7
35 Real estate 1,673.0 (r) 1,736.3 1,759.1 1,771.7
36 Revolving home
equity 133.1 149.7 151.6 154.2
37 Other 1,539.9 (r) 1,586.7 1,607.5 1,617.4
38 Consumer 545.8 (r) 552.6 562.0 567.9
39 Credit cards and
related plans 214.0 216.8 225.8 232.2
40 Other 331.8 335.7 336.1 335.7
41 Security (3) 75.8 80.8 79.3 73.8
42 Other loans and
leases 365.3 370.2 370.7 370.4
43 Interbank loans 268.5 273.2 264.7 278.5
44 Cash assets (4) 246.5 264.5 265.5 275.9
45 Other assets (5) 391.8 455.2 453.2 452.2
46 Total assets (6) 5,534.0 (r) 5,763.4 5,786.8 5,816.6
Liabilities
47 Deposits 3,625.9 3,750.1 3,782.4 3,836.2
48 Transaction 605.5 624.3 630.6 657.3
49 Nontransaction 3,020.4 3,125.8 3,151.8 3,178.9
50 Large time 568.8 573.6 568.5 556.5
51 Other 2,451.7 2,552.2 2,583.3 2,622.4
52 Borrowings 1,042.5 1,063.1 1,045.5 1,047.8
53 From banks in the U.S. 388.9 399.1 386.3 392.5
54 From others 653.6 664.0 659.2 655.2
55 Net due to related
foreign offices 183.1 194.2 193.8 197.6
56 Other liabilities 268.8 296.3 330.2 283.7
57 Total liabilities 5,120.3 5,303.8 5,351.8 5,365.3
58 Residual (assets less
liabilities) (7) 413.6 (r) 459.7 435.0 451.4
Monthly averages
2002
Account Jan. (r) Feb. (r) Mar. (r) Apr.
Seasonally adjusted
Assets
1 Bank credit 4,845.3 4,846.3 4,833.8 4,850.0
2 Securities in bank
credit 1,256.4 1,252.0 1,252.8 1,273.9
3 U.S. government
securities 767.0 763.5 778.3 800.4
4 Other securities 489.3 488.5 474.5 473.5
5 Loans and leases in
bank credit (2) 3,588.9 3,594.3 3,581.0 3,576.1
6 Commercial and
industrial 831.7 835.0 828.8 817.3
7 Real estate 1,762.8 1,768.8 1,767.1 1,769.1
8 Revolving home
equity 157.3 160.6 166.0 170.7
9 Other 1,605.5 1,608.1 1,601.1 1,598.4
10 Consumer 561.2 563.8 561.6 565.5
11 Security (3) 76.3 78.4 82.2 83.9
12 Other loans and
leases 356.8 348.3 341.3 340.3
13 Interbank loans 267.3 256.5 247.2 246.2
14 Cash assets (4) 259.7 255.9 255.8 252.4
15 Other assets (5) 451.7 454.0 436.2 448.5
16 Total assets (6) 5,750.0 5,738.6 5,698.8 5,723.5
Liabilities
17 Deposits 3,788.1 3,795.7 3,820.3 3,822.6
18 Transaction 624.7 614.8 611.3 592.8
19 Nontransaction 3,163.4 3,181.0 3,208.9 3,229.8
20 Large time 544.7 552.5 551.7 548.0
21 Other 2,618.7 2,628.5 2,657.3 2,681.8
22 Borrowings 1,049.4 1,042.5 1,017.0 1,029.1
23 From banks in the U.S. 389.9 382.7 371.3 369.9
24 From others 659.5 659.8 645.7 659.2
25 Net due to related
foreign offices 183.2 173.0 175.6 180.2
26 Other liabilities 262.9 259.0 240.6 251.9
27 Total liabilities 5,283.6 5,270.2 5,253.5 5,283.8
28 Residual (assets less
liabilities) (7) 466.4 468.4 445.3 439.7
Not seasonally adjusted
Assets
29 Bank credit 4,857.0 4,847.4 4,828.0 4,846.8
30 Securities in bank
credit 1,264.4 1,259.5 1,258.5 1,273.3
31 U.S. government
securities 772.2 770.5 784.5 802.2
32 Other securities 492.2 489.0 473.9 471.1
33 Loans and leases in
bank credit (2) 3,592.6 3,587.9 3,569.5 3,573.5
34 Commercial and
industrial 826.5 832.3 828.9 822.7
35 Real estate 1,762.1 1,763.7 1,759.5 1,765.8
36 Revolving home
equity 157.1 160.6 164.5 170.0
37 Other 1,605.0 1,603.1 1,595.1 1,595.8
38 Consumer 569.0 566.1 558.8 562.0
39 Credit cards and
related plans 229.0 225.1 221.9 225.7
40 Other 340.0 341.0 336.9 336.2
41 Security (3) 76.2 77.7 82.2 82.4
42 Other loans and
leases 358.9 348.1 340.1 340.6
43 Interbank loans 265.4 255.2 252.1 256.0
44 Cash assets (4) 270.5 256.2 247.1 253.4
45 Other assets (5) 452.4 452.5 434.8 449.2
46 Total assets (6) 5,771.6 5,737.1 5,687.8 5,732.1
Liabilities
47 Deposits 3,803.3 3,806.2 3,823.4 3,843.0
48 Transaction 637.5 609.4 606.6 601.8
49 Nontransaction 3,165.8 3,196.8 3,216.9 3,241.2
50 Large time 547.1 554.4 550.2 546.3
51 Other 2,618.7 2,642.4 2,666.7 2,694.9
52 Borrowings 1,062.9 1,045.8 1,015.5 1,035.5
53 From banks in the U.S. 395.2 388.0 375.7 375.1
54 From others 667.7 657.8 639.7 660.3
55 Net due to related
foreign offices 187.5 176.7 174.1 173.5
56 Other liabilities 267.3 262.9 239.2 245.2
57 Total liabilities 5,321.0 5,291.7 5,252.3 5,297.1
58 Residual (assets less
liabilities) (7) 450.6 445.4 435.5 435.0
Wednesday figures
2002
Account Apr. 3 Apr. 10 Apr. 17 Apr. 24
Seasonally adjusted
Assets
1 Bank credit 4,840.6 4,846.7 4,843.9 4,861.1
2 Securities in bank
credit 1,256.1 1,269.2 1,269.9 1,279.7
3 U.S. government
securities 790.1 795.0 796.4 805.7
4 Other securities 466.0 474.2 473.6 474.0
5 Loans and leases in
bank credit (2) 3,584.5 3,577.6 3,573.9 3,581.4
6 Commercial and
industrial 823.4 819.8 816.7 816.1
7 Real estate 1,766.8 1,774.7 1,766.7 1,769.6
8 Revolving home
equity 168.7 169.6 170.5 171.2
9 Other 1,598.1 1,605.1 1,596.2 1,598.4
10 Consumer 561.6 562.2 569.2 569.1
11 Security (3) 91.6 82.7 81.6 85.6
12 Other loans and
leases 341.1 338.2 339.8 341.1
13 Interbank loans 243.1 240.6 246.6 245.8
14 Cash assets (4) 253.8 248.2 246.3 248.1
15 Other assets (5) 448.3 450.6 444.1 444.7
16 Total assets (6) 5,712.5 5,712.8 5,707.3 5,726.3
Liabilities
17 Deposits 3,829.6 3,817.9 3,828.0 3,802.5
18 Transaction 577.7 575.8 594.0 621.8
19 Nontransaction 3,251.9 3,242.1 3,234.1 3,180.8
20 Large time 556.8 551.9 545.7 542.9
21 Other 2,695.1 2,690.1 2,688.4 2,637.9
22 Borrowings 1,023.7 1,038.5 1,015.7 1,025.3
23 From banks in the U.S. 374.8 377.1 373.3 362.1
24 From others 648.9 661.4 642.4 663.2
25 Net due to related
foreign offices 175.5 170.5 177.3 193.8
26 Other liabilities 247.6 244.0 258.7 255.7
27 Total liabilities 5,276.4 5,270.9 5,279.7 5,277.4
28 Residual (assets less
liabilities) (7) 436.1 441.9 427.5 448.9
Not seasonally adjusted
Assets
29 Bank credit 4,834.1 4,839.3 4,856.1 4,854.3
30 Securities in bank
credit 1,260.3 1,271.8 1,270.8 1,275.1
31 U.S. government
securities 796.5 801.0 799.3 804.2
32 Other securities 463.8 470.8 471.5 470.9
33 Loans and leases in
bank credit (2) 3,573.9 3,567.5 3,575.3 3,579.2
34 Commercial and
industrial 826.4 821.7 823.0 822.5
35 Real estate 1,760.0 1,770.3 1,763.3 1,766.7
36 Revolving home
equity 166.8 167.9 169.7 171.3
37 Other 1,593.3 1,602.4 1,593.6 1,595.4
38 Consumer 556.5 556.8 565.1 567.2
39 Credit cards and
related plans 221.0 220.7 228.9 230.4
40 Other 335.5 336.1 336.3 336.7
41 Security (3) 87.5 80.2 83.0 83.3
42 Other loans and
leases 343.4 338.7 340.9 339.5
43 Interbank loans 260.1 257.9 263.5 244.6
44 Cash assets (4) 254.5 242.0 254.7 243.6
45 Other assets (5) 452.5 452.1 445.0 442.2
46 Total assets (6) 5,728.2 5,718.3 5,735.9 5,711.5
Liabilities
47 Deposits 3,866.4 3,860.9 3,870.8 3,789.5
48 Transaction 592.6 583.8 617.8 616.9
49 Nontransaction 3,273.8 3,277.0 3,253.1 3,172.6
50 Large time 554.4 551.2 544.5 540.7
51 Other 2,719.4 2,725.9 2,708.6 2,631.9
52 Borrowings 1,018.7 1,030.7 1,020.6 1,040.7
53 From banks in the U.S. 379.2 380.1 378.8 368.4
54 From others 639.5 650.7 641.8 672.2
55 Net due to related
foreign offices 170.2 160.9 166.9 189.1
56 Other liabilities 242.5 234.5 247.8 251.2
57 Total liabilities 5,297.1 5,287.1 5,306.2 5,270.4
58 Residual (assets less
liabilities) (7) 430.2 431.2 429.6 441.1
C. Large domestically chartered commercial banks
Billions of dollars
Monthly averages
2001 2001
Apr. Oct. Nov. Dec.
Account (r) (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 2,623.3 2,641.3 2,642.2 2,609.1
2 Securities in bank credit 601.7 651.5 654.5 638.6
3 U.S. government
securities 349.9 370.5 371.0 379.5
4 Trading account 33.9 35.8 40.5 33.9
5 Investment account 316.0 334.8 330.4 345.6
6 Other securities 251.8 281.0 283.6 259.1
7 Trading account 135.5 165.7 165.4 130.0
8 Investment account 116.3 115.3 118.2 129.1
9 State and local
government 28.3 26.8 27.1 27.3
10 Other 88.0 88.5 91.1 101.8
11 Loans and leases in bank
credit (2) 2,021.6 1,989.7 1,987.6 1,970.5
12 Commercial and
industrial 587.1 554.3 545.3 535.4
13 Bankers acceptances .8 .0 .0 .0
14 Other 586.2 554.3 545.3 535.4
15 Real estate 848.8 846.7 856.6 858.7
16 Revolving home equity 85.9 93.6 94.6 96.2
17 Other 762.9 753.1 762.0 762.5
18 Consumer 250.3 244.8 246.4 246.3
19 Security (3) 68.9 70.8 69.1 63.3
20 Federal funds sold to
and repurchase
agreements with
broker-dealers 52.7 57.2 54.5 48.4
21 Other 16.2 13.6 14.6 14.9
22 State and local
government 13.0 15.3 15.7 15.0
23 Agricultural 10.4 9.6 9.6 9.5
24 Federal funds sold to
and repurchase
agreements with others 23.7 29.9 30.3 28.4
25 All other loans 86.8 82.2 78.7 79.9
26 Lease-financing
receivables 132.6 136.3 135.9 134.1
27 Interbank loans 147.7 173.1 152.5 166.7
28 Federal funds sold to and
repurchase agreements
with commercial banks 84.4 93.0 90.0 96.9
29 Other 63.3 80.1 62.4 69.8
30 Cash assets (4) 143.9 153.7 149.5 147.3
31 Other assets (5) 285.0 323.0 321.2 314.7
32 Total assets (6) 3,161.9 3,251.5 3,225.6 3,196.4
Liabilities
33 Deposits 1,748.4 1,791.1 1,792.4 1,801.4
34 Transaction 304.4 322.9 320.4 323.1
35 Nontransaction 1,444.0 1,468.2 1,472.1 1,478.3
36 Large time 269.0 261.2 253.5 248.4
37 Other 1,175.0 1,207.0 1,218.6 1,229.9
38 Borrowings 702.3 688.2 663.8 659.7
39 From banks in the U.S. 233.8 233.5 219.7 218.8
40 From others 468.4 454.7 444.1 440.9
41 Net due to related foreign
offices 177.5 184.0 178.8 183.6
42 Other liabilities 223.6 230.4 258.5 213.9
43 Total liabilities 2,851.7 2,893.6 2,893.6 2,858.6
44 Residual (assets less
liabilities) (7) 310.2 357.9 332.0 337.8
Not seasonally adjusted
Assets
45 Bank credit 2,623.2 2,639.0 2,649.8 2,622.3
46 Securities in bank credit 599.8 652.2 658.4 643.5
47 U.S. government
securities 350.4 368.3 371.8 381.9
48 Trading account 34.0 35.5 40.6 34.1
49 Investment account 316.4 332.8 331.2 347.8
50 Mortgage-backed
securities 227.6 272.6 270.8 284.7
51 Other 88.8 60.1 60.4 63.1
52 One year or less 30.3 10.3 15.2 14.8
53 One to five years 31.6 32.0 30.4 35.3
54 More than five
years 26.9 17.8 14.8 12.9
55 Other securities 249.4 283.9 286.6 261.6
56 Trading account 134.2 167.4 167.1 131.2
57 Investment account 115.2 116.5 119.4 130.4
58 State and local
government 28.0 27.1 27.4 27.6
59 Other 87.2 89.4 92.0 102.8
60 Loans and leases in bank
credit (2) 2,023.3 1,986.8 1,991.5 1,978.7
61 Commercial and
industrial 591.0 555.1 546.2 533.3
62 Bankers acceptances .8 .0 .0 .0
63 Other 590.1 555.1 546.2 533.3
64 Real estate 847.7 845.6 858.4 860.5
65 Revolving home equity 85.7 93.6 94.7 96.0
66 Other 462.7 440.6 451.3 453.6
67 Commercial 299.3 311.5 312.4 311.0
68 Consumer 250.7 241.9 245.1 249.3
69 Credit cards and
related plans 84.7 74.3 76.5 80.1
70 Other 166.0 167.7 168.6 169.2
71 Security (3) 67.5 72.9 71.0 65.5
72 Federal funds sold to
and repurchase
agreements with
broker-dealers 51.6 58.9 56.0 50.0
73 Other 15.9 14.0 15.1 15.4
74 State and local
government 13.0 15.3 15.7 15.0
75 Agricultural 10.3 9.5 9.6 9.5
76 Federal funds sold to
and repurchase
agreements with others 23.1 28.8 30.6 29.2
77 All other loans 86.9 82.0 79.2 81.9
78 Lease-financing
receivables 133.2 135.6 135.6 134.6
79 Interbank loans 151.2 169.0 154.1 170.5
80 Federal funds sold to and
repurchase agreements
with commercial banks 86.3 90.8 91.0 99.1
81 Other 64.9 78.2 63.1 71.4
82 Cash assets (4) 146.6 154.2 152.7 158.3
83 Other assets (5) 285.6 322.2 322.6 316.9
84 Total assets (6) 3,168.8 3,245.2 3,239.2 3,226.6
Liabilities
85 Deposits 1,756.2 1,787.4 1,801.4 1,819.1
86 Transaction 312.0 318.4 323.9 341.1
87 Nontransaction 1,444.1 1,469.0 1,477.5 1,478.0
88 Large time 267.2 262.3 256.9 251.3
89 Other 1,177.0 1,206.6 1,220.6 1,226.7
90 Borrowings 709.6 689.8 666.6 659.7
91 From banks in the U.S. 239.8 231.5 216.9 220.4
92 From nonbanks in the U.S. 469.7 458.3 449.7 439.2
93 Net due to related foreign
offices 170.3 184.8 183.5 187.6
94 Other liabilities 215.2 231.3 264.8 218.3
95 Total liabilities 2,851.3 2,893.3 2,916.3 2,884.7
96 Residual (assets less
liabilities) (7) 317.5 351.9 322.9 341.9
Monthly averages
2002
Jan. Feb. Mar.
Account (r) (r) (r) Apr.
Seasonally adjusted
Assets
1 Bank credit 2,576.6 2,574.8 2,555.7 2,559.6
2 Securities in bank credit 636.0 631.1 629.1 646.7
3 U.S. government
securities 366.8 359.5 367.3 383.3
4 Trading account 32.6 33.6 32.7 38.1
5 Investment account 334.2 325.9 334.6 345.1
6 Other securities 269.2 271.6 261.8 263.4
7 Trading account 128.4 130.0 122.5 128.2
8 Investment account 140.8 141.6 139.3 135.3
9 State and local
government 27.3 27.8 27.7 27.2
10 Other 113.5 113.8 111.7 108.1
11 Loans and leases in bank
credit (2) 1,940.6 1,943.7 1,926.6 1,912.9
12 Commercial and
industrial 528.6 529.9 524.8 514.5
13 Bankers acceptances .0 .0 .0 .0
14 Other 528.6 529.9 524.8 514.5
15 Real estate 846.2 847.2 840.5 837.6
16 Revolving home equity 98.2 99.9 103.8 107.3
17 Other 748.1 747.3 736.8 730.3
18 Consumer 239.7 247.3 244.6 242.1
19 Security (3) 68.3 70.3 74.3 76.3
20 Federal funds sold to
and repurchase
agreements with
broker-dealers 54.9 57.4 61.2 63.3
21 Other 13.4 12.9 13.1 13.0
22 State and local
government 14.6 14.6 14.6 14.6
23 Agricultural 9.6 9.7 9.6 9.6
24 Federal funds sold to
and repurchase
agreements with others 26.2 22.6 20.9 21.9
25 All other loans 75.3 70.3 65.9 65.3
26 Lease-financing
receivables 132.1 131.9 131.4 131.0
27 Interbank loans 168.5 153.0 145.9 154.1
28 Federal funds sold to and
repurchase agreements
with commercial banks 92.1 79.7 75.0 81.5
29 Other 76.4 73.3 70.8 72.6
30 Cash assets (4) 146.2 143.2 143.1 140.6
31 Other assets (5) 312.9 307.9 288.3 296.3
32 Total assets (6) 3,161.0 3,135.3 3,089.1 3,107.8
Liabilities
33 Deposits 1,791.1 1,789.2 1,800.4 1,804.7
34 Transaction 316.1 308.2 303.6 286.9
35 Nontransaction 1,475.0 1,481.0 1,496.8 1,517.8
36 Large time 242.1 249.8 248.9 245.3
37 Other 1,232.9 1,231.2 1,247.9 1,272.5
38 Borrowings 654.3 654.2 635.6 645.1
39 From banks in the U.S. 212.9 207.9 201.7 203.0
40 From others 441.4 446.2 433.8 442.2
41 Net due to related foreign
offices 174.3 162.1 166.6 170.6
42 Other liabilities 194.0 188.4 170.1 181.0
43 Total liabilities 2,813.7 2,793.8 2,772.6 2,801.4
44 Residual (assets less
liabilities) (7) 347.2 341.5 316.4 306.4
Not seasonally adjusted
Assets
45 Bank credit 2,586.4 2,579.7 2,554.7 2,559.2
46 Securities in bank credit 643.0 636.9 632.5 644.8
47 U.S. government
securities 370.9 364.9 371.3 383.8
48 Trading account 32.9 34.1 33.1 38.2
49 Investment account 337.9 330.7 338.2 345.6
50 Mortgage-backed
securities 273.9 258.8 263.3 271.0
51 Other 64.0 72.0 74.9 74.6
52 One year or less 13.9 16.8 19.7 18.3
53 One to five years 36.8 43.1 42.9 43.5
54 More than five
years 13.4 12.1 12.2 12.7
55 Other securities 272.1 272.0 261.2 261.0
56 Trading account 129.8 130.2 122.2 127.0
57 Investment account 142.3 141.9 139.0 134.0
58 State and local
government 27.6 27.8 27.6 27.0
59 Other 114.7 114.0 111.4 107.1
60 Loans and leases in bank
credit (2) 1,943.4 1,942.7 1,922.1 1,914.4
61 Commercial and
industrial 524.4 528.7 525.2 518.0
62 Bankers acceptances .0 .0 .0 .0
63 Other 524.4 528.7 525.2 518.0
64 Real estate 845.8 844.0 835.9 836.4
65 Revolving home equity 97.8 100.1 102.8 106.9
66 Other 440.2 436.3 426.0 421.6
67 Commercial 307.8 307.6 307.1 307.9
68 Consumer 243.6 249.7 244.7 242.4
69 Credit cards and
related plans 71.5 76.6 74.8 72.8
70 Other 172.1 173.1 169.9 169.6
71 Security (3) 68.4 69.6 74.0 74.6
72 Federal funds sold to
and repurchase
agreements with
broker-dealers 55.0 56.8 60.9 61.8
73 Other 13.4 12.8 13.1 12.8
74 State and local
government 14.6 14.6 14.6 14.6
75 Agricultural 9.6 9.5 9.5 9.5
76 Federal funds sold to
and repurchase
agreements with others 27.8 24.0 20.9 21.9
77 All other loans 75.0 69.3 65.1 65.4
78 Lease-financing
receivables 134.2 133.4 132.3 131.6
79 Interbank loans 167.9 151.3 146.0 157.9
80 Federal funds sold to and
repurchase agreements
with commercial banks 91.8 78.8 75.1 83.6
81 Other 76.1 72.5 70.9 74.3
82 Cash assets (4) 154.5 144.0 138.1 143.3
83 Other assets (5) 313.7 306.4 286.9 297.0
84 Total assets (6) 3,179.4 3,137.3 3,081.8 3,114.7
Liabilities
85 Deposits 1,796.0 1,795.7 1,799.0 1,812.2
86 Transaction 324.8 304.9 300.6 294.2
87 Nontransaction 1,471.3 1,490.9 1,498.4 1,518.0
88 Large time 244.5 251.7 247.4 243.6
89 Other 1,226.8 1,239.1 1,251.0 1,274.4
90 Borrowings 667.8 657.4 634.0 651.5
91 From banks in the U.S. 218.2 213.2 206.2 208.2
92 From nonbanks in the U.S. 449.6 444.3 427.8 443.3
93 Net due to related foreign
offices 178.5 165.8 165.1 163.9
94 Other liabilities 198.5 192.3 168.7 174.2
95 Total liabilities 2,840.8 2,811.2 2,766.8 2,801.8
96 Residual (assets less
liabilities) (7) 338.6 326.1 315.0 312.9
Wednesday figures
2002
Account Apr. 3 Apr. 10 Apr. 17 Apr. 24
Seasonally adjusted
Assets
1 Bank credit 2,562.9 2,563.5 2,551.4 2,562.8
2 Securities in bank credit 634.1 644.4 642.8 649.9
3 U.S. government
securities 378.2 381.4 380.4 385.2
4 Trading account 36.9 39.8 37.6 39.8
5 Investment account 341.3 341.6 342.9 345.4
6 Other securities 256.0 263.1 262.3 264.7
7 Trading account 120.8 128.0 126.8 129.0
8 Investment account 135.2 135.1 135.5 135.7
9 State and local
government 27.4 27.4 27.2 27.2
10 Other 107.8 107.7 108.3 108.5
11 Loans and leases in bank
credit (2) 1,928.7 1,919.0 1,908.6 1,912.9
12 Commercial and
industrial 519.9 516.9 514.3 513.3
13 Bankers acceptances n.a. n.a. n.a. n.a.
14 Other 519.9 516.9 514.3 513.3
15 Real estate 839.3 844.2 835.4 835.6
16 Revolving home equity 105.7 106.7 107.3 107.5
17 Other 733.6 737.5 728.2 728.1
18 Consumer 242.5 242.4 242.5 242.6
19 Security (3) 83.9 75.3 74.1 78.0
20 Federal funds sold to
and repurchase
agreements with
broker-dealers 70.8 62.6 61.7 63.7
21 Other 13.1 12.6 12.4 14.3
22 State and local
government 14.6 14.5 14.6 14.7
23 Agricultural 9.6 9.5 9.5 9.6
24 Federal funds sold to
and repurchase
agreements with others 21.7 21.0 23.2 21.2
25 All other loans 66.4 64.2 64.1 66.8
26 Lease-financing
receivables 131.0 131.0 130.8 131.1
27 Interbank loans 148.8 151.7 157.2 153.7
28 Federal funds sold to and
repurchase agreements
with commercial banks 77.6 78.8 85.9 79.1
29 Other 71.2 72.9 71.2 74.6
30 Cash assets (4) 143.0 136.9 136.4 137.3
31 Other assets (5) 291.2 294.4 294.7 297.8
32 Total assets (6) 3,102.9 3,103.5 3,096.8 3,109.1
Liabilities
33 Deposits 1,809.1 1,807.2 1,808.4 1,790.5
34 Transaction 282.0 279.0 289.9 301.3
35 Nontransaction 1,527.1 1,528.2 1,518.4 1,489.3
36 Large time 253.2 249.6 241.8 240.4
37 Other 1,274.0 1,278.6 1,276.7 1,248.8
38 Borrowings 644.7 656.9 636.1 634.9
39 From banks in the U.S. 210.1 212.5 207.4 190.0
40 From others 434.7 444.5 428.7 444.9
41 Net due to related foreign
offices 167.3 162.3 167.5 182.4
42 Other liabilities 177.7 173.3 188.3 184.4
43 Total liabilities 2,798.8 2,799.8 2,800.3 2,792.3
44 Residual (assets less
liabilities) (7) 304.1 303.7 296.5 316.8
Not seasonally adjusted
Assets
45 Bank credit 2,560.7 2,559.9 2,555.6 2,557.9
46 Securities in bank credit 636.1 645.3 642.2 644.0
47 U.S. government
securities 382.4 385.6 381.9 382.4
48 Trading account 37.3 40.2 37.7 39.5
49 Investment account 345.1 345.4 344.2 342.9
50 Mortgage-backed
securities 268.9 268.6 269.9 269.0
51 Other 76.2 76.8 74.3 73.9
52 One year or less 19.2 18.8 18.5 18.1
53 One to five years 44.3 45.0 43.2 43.0
54 More than five
years 12.8 13.0 12.6 12.7
55 Other securities 253.7 259.7 260.3 261.6
56 Trading account 119.7 126.3 125.8 127.5
57 Investment account 134.0 133.4 134.4 134.1
58 State and local
government 27.2 27.1 27.0 26.9
59 Other 106.8 106.3 107.4 107.2
60 Loans and leases in bank
credit (2) 1,924.6 1,914.7 1,913.4 1,913.9
61 Commercial and
industrial 522.7 517.9 518.4 516.8
62 Bankers acceptances n.a. n.a. n.a. n.a.
63 Other 522.7 517.9 518.4 516.8
64 Real estate 835.2 842.3 834.0 834.5
65 Revolving home equity 104.5 105.5 106.8 107.6
66 Other 423.6 429.0 418.9 418.9
67 Commercial 307.2 307.8 308.2 308.0
68 Consumer 242.0 242.0 242.9 243.4
69 Credit cards and
related plans 72.9 72.7 73.0 73.5
70 Other 169.1 169.4 169.8 170.0
71 Security (3) 79.3 72.0 75.1 76.0
72 Federal funds sold to
and repurchase
agreements with
broker-dealers 66.9 59.9 62.5 62.1
73 Other 12.4 12.1 12.6 13.9
74 State and local
government 14.6 14.5 14.6 14.7
75 Agricultural 9.5 9.5 9.5 9.6
76 Federal funds sold to
and repurchase
agreements with others 21.5 20.9 23.2 21.2
77 All other loans 68.1 63.7 64.4 66.1
78 Lease-financing
receivables 131.9 131.7 131.4 131.4
79 Interbank loans 153.4 152.8 163.6 155.2
80 Federal funds sold to and
repurchase agreements
with commercial banks 80.0 79.4 89.5 79.9
81 Other 73.4 73.4 74.2 75.3
82 Cash assets (4) 143.8 133.4 144.5 137.7
83 Other assets (5) 295.3 295.9 295.7 295.4
84 Total assets (6) 3,110.7 3,099.3 3,116.7 3,103.8
Liabilities
85 Deposits 1,824.4 1,822.9 1,830.1 1,779.1
86 Transaction 291.5 282.6 306.6 301.4
87 Nontransaction 1,532.9 1,540.4 1,523.5 1,477.8
88 Large time 250.8 248.8 240.6 238.2
89 Other 1,282.1 1,291.5 1,282.9 1,239.5
90 Borrowings 639.8 649.1 641.0 650.3
91 From banks in the U.S. 214.5 215.4 212.9 196.3
92 From nonbanks in the U.S. 425.3 433.7 428.1 454.0
93 Net due to related foreign
offices 162.0 152.7 157.1 177.8
94 Other liabilities 172.6 163.9 177.5 179.9
95 Total liabilities 2,798.8 2,788.7 2,805.7 2,787.1
96 Residual (assets less
liabilities) (7) 311.9 310.6 311.0 316.8
D. Small domestically chartered commercial banks
Billions of dollars
Monthly averages
2001 2001
Apr. Oct. Nov. Dec.
Account (r) (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 2,071.6 2,196.0 2,219.0 2,247.8
2 Securities in bank credit 543.3 591.0 598.3 615.7
3 U.S. government
securities 344.6 380.8 385.1 395.7
4 Other securities 198.7 210.2 213.2 220.4
5 Loans and leases in bank
credit (2) 1,528.3 1,604.9 1,620.7 1,632.2
6 Commercial and
industrial 295.2 302.7 301.2 303.3
7 Real estate 827.2 887.9 898.0 908.6
8 Revolving home equity 47.6 55.7 56.4 57.8
9 Other 779.6 832.2 841.6 850.8
10 Consumer 298.7 307.3 313.2 312.1
11 Security (3) 8.2 80.0 7.9 8.1
12 Other loans and leases 99.0 99.0 100.4 99.9
13 Interbank loans 110.1 105.0 108.6 105.5
14 Cash assets (4) 101.3 109.8 109.1 111.3
15 Other assets (5) 106.1 132.9 130.6 135.3
16 Total assets (6) 2,361.8 2,513.7 2,536.6 2,569.1
Liabilities
17 Deposits 1,857.7 1,967.1 1,974.2 1,996.5
18 Transaction 291.9 307.2 304.3 306.3
19 Nontransaction 1,565.9 1,659.9 1,669.9 1,690.2
20 Large time 301.6 311.3 311.6 305.2
21 Other 1,264.3 1,348.6 1,358.3 1,385.0
22 Borrowings 332.9 373.3 378.9 388.1
23 From banks in the U.S. 149.1 167.6 169.4 172.1
24 From others 183.8 205.7 209.5 216.0
25 Net due to related foreign
offices 12.8 9.5 10.2 10.0
26 Other liabilities 53.6 65.0 65.4 65.3
27 Total liabilities 2,257.0 2,414.9 2,428.7 2,459.9
28 Residual (assets less
liabilities) (7) 104.8 98.8 107.8 109.2
Not seasonally adjusted
Assets
29 Bank credit 2,069.1 2,200.9 2,224.2 2,259.9
30 Securities in bank credit 544.4 590.0 598.2 618.1
31 U.S. government
securities 345.7 379.8 385.0 397.7
32 Other securities 198.7 210.2 213.2 220.4
33 Loans and leases in bank
credit (2) 1,524.8 1,610.9 1,626.0 1,641.8
34 Commercial and
industrial 297.2 302.6 300.1 303.4
35 Real estate 825.4 890.7 900.7 911.2
36 Revolving home equity 47.4 56.1 56.9 58.3
37 Other 777.9 834.6 843.8 852.9
38 Consumer 295.1 310.6 316.9 318.6
39 Credit cards and
related plans 129.3 142.6 149.3 152.1
40 Other 165.8 168.0 167.5 166.5
41 Security (3) 8.4 7.9 8.3 8.3
42 Other loans and leases 98.7 99.1 100.0 100.3
43 Interbank loans 117.3 104.2 110.6 108.0
44 Cash assets (4) 99.9 110.3 112.9 117.6
45 Other assets (5) 106.1 132.9 130.6 135.3
46 Total assets (6) 2,365.1 2,518.3 2,547.6 2,590.0
Liabilities
47 Deposits 1,869.7 1,962.7 1,981.0 2,017.1
48 Transaction 293.5 305.9 306.7 316.2
49 Nontransaction 1,576.3 1,656.8 1,674.3 1,700.9
50 Large time 301.6 311.3 311.6 305.2
51 Other 1,274.7 1,345.5 1,362.7 1,395.7
52 Borrowings 332.9 373.3 378.9 388.1
53 From banks in the U.S. 149.1 167.6 169.4 172.1
54 From others 183.8 205.7 209.5 216.0
55 Net due to related foreign
offices 12.8 9.5 10.2 10.0
56 Other liabilities 53.6 65.0 65.4 65.3
57 Total liabilities 2,269.0 2,410.5 2,435.5 2,480.5
58 Residual (assets less
liabilities) (7) 96.1 107.8 112.1 109.5
Monthly averages
2002
Jan. Feb. Mar.
Account (r) (r) (r) Apr.
Seasonally adjusted
Assets
1 Bank credit 2,268.7 2,271.5 2,278.1 2,290.4
2 Securities in bank credit 620.4 620.8 623.7 627.2
3 U.S. government
securities 400.3 403.9 411.0 417.1
4 Other securities 220.1 216.9 212.7 210.1
5 Loans and leases in bank
credit (2) 1,648.3 1,650.6 1,654.4 1,663.2
6 Commercial and
industrial 303.1 305.2 304.1 302.8
7 Real estate 916.6 921.6 926.6 931.5
8 Revolving home equity 59.1 60.7 62.2 63.4
9 Other 857.5 860.9 864.3 868.1
10 Consumer 321.6 316.5 317.0 323.4
11 Security (3) 8.0 8.2 7.9 7.6
12 Other loans and leases 99.1 99.2 98.9 97.9
13 Interbank loans 98.8 103.5 101.4 92.1
14 Cash assets (4) 113.5 112.6 112.7 111.7
15 Other assets (5) 138.8 146.1 147.9 152.2
16 Total assets (6) 2,589.1 2,603.3 2,609.8 2,615.7
Liabilities
17 Deposits 1,997.0 2,006.5 2,019.9 2,017.9
18 Transaction 308.6 306.6 307.7 305.9
19 Nontransaction 1,688.4 1,700.0 1,712.1 1,712.0
20 Large time 302.6 302.7 302.8 302.7
21 Other 1,385.8 1,397.3 1,409.3 1,409.3
22 Borrowings 395.1 388.4 381.5 383.9
23 From banks in the U.S. 177.0 174.8 169.6 166.9
24 From others 218.0 213.6 211.9 217.0
25 Net due to related foreign
offices 9.0 10.9 9.0 9.6
26 Other liabilities 68.8 70.6 70.5 70.9
27 Total liabilities 2,469.9 2,476.4 2,480.9 2,482.4
28 Residual (assets less
liabilities) (7) 119.1 126.9 128.9 133.3
Not seasonally adjusted
Assets
29 Bank credit 2,270.6 2,267.8 2,273.3 2,287.6
30 Securities in bank credit 621.5 622.6 625.9 628.5
31 U.S. government
securities 401.3 405.6 413.2 418.4
32 Other securities 220.1 216.9 212.7 210.1
33 Loans and leases in bank
credit (2) 1,649.2 1,645.2 1,647.4 1,659.1
34 Commercial and
industrial 302.1 303.7 303.8 304.8
35 Real estate 916.2 919.7 923.6 929.4
36 Revolving home equity 59.3 60.5 61.7 63.1
37 Other 857.0 859.1 862.0 866.3
38 Consumer 325.4 316.4 314.1 319.6
39 Credit cards and
related plans 157.5 148.5 147.1 152.9
40 Other 167.9 167.9 167.0 166.7
41 Security (3) 7.8 8.1 8.2 7.8
42 Other loans and leases 97.6 97.3 97.7 97.6
43 Interbank loans 97.5 104.0 106.1 98.1
44 Cash assets (4) 116.0 112.3 109.0 110.2
45 Other assets (5) 138.8 146.1 147.9 152.2
46 Total assets (6) 2,592.3 2,599.8 2,606.0 2,617.4
Liabilities
47 Deposits 2,007.3 2,010.5 2,024.4 2,030.8
48 Transaction 312.7 304.6 306.0 307.6
49 Nontransaction 1,694.6 1,706.0 1,718.5 1,723.2
50 Large time 302.6 302.7 302.8 302.7
51 Other 1,392.0 1,403.3 1,415.6 1,420.5
52 Borrowings 395.1 388.4 381.5 383.9
53 From banks in the U.S. 177.0 174.8 169.6 166.9
54 From others 218.0 213.6 211.9 217.0
55 Net due to related foreign
offices 9.0 10.9 9.0 9.6
56 Other liabilities 68.8 70.6 70.5 70.9
57 Total liabilities 2,480.2 2,480.4 2,485.5 2,495.3
58 Residual (assets less
liabilities) (7) 112.1 119.3 120.5 122.1
Wednesday figures
2002
Account Apr. 3 Apr. 10 Apr. 17 Apr. 24
Seasonally adjusted
Assets
1 Bank credit 2,277.7 2,283.3 2,292.5 2,298.3
2 Securities in bank credit 622.0 624.7 627.2 629.8
3 U.S. government
securities 411.9 413.6 415.9 420.5
4 Other securities 210.0 211.1 211.2 209.3
5 Loans and leases in bank
credit (2) 1,655.8 1,658.6 1,665.3 1,668.5
6 Commercial and
industrial 303.5 302.8 302.3 302.8
7 Real estate 927.6 930.4 931.3 934.0
8 Revolving home equity 63.0 62.9 63.3 63.7
9 Other 864.6 867.6 868.0 870.3
10 Consumer 319.1 319.9 326.7 326.5
11 Security (3) 7.6 7.4 7.5 7.6
12 Other loans and leases 98.0 98.0 97.6 97.7
13 Interbank loans 94.3 88.9 89.4 92.1
14 Cash assets (4) 110.8 111.3 110.0 110.8
15 Other assets (5) 157.1 156.2 149.4 146.8
16 Total assets (6) 2,609.6 2,609.3 2,610.5 2,617.2
Liabilities
17 Deposits 2,020.5 2,010.7 2,019.7 2,012.0
18 Transaction 295.8 296.8 304.0 320.5
19 Nontransaction 1,724.7 1,713.8 1,715.6 1,691.5
20 Large time 303.6 302.3 303.9 302.5
21 Other 1,421.1 1,411.5 1,411.7 1,389.0
22 Borrowings 379.0 381.6 379.6 390.4
23 From banks in the U.S. 164.7 164.7 165.9 172.2
24 From others 214.3 216.9 213.7 218.2
25 Net due to related foreign
offices 8.2 8.2 9.9 11.4
26 Other liabilities 69.9 70.6 70.4 71.3
27 Total liabilities 2,477.6 2,471.1 2,479.5 2,485.1
28 Residual (assets less
liabilities) (7) 132.0 138.1 131.0 132.1
Not seasonally adjusted
Assets
29 Bank credit 2,273.4 2,279.4 2,290.5 2,296.3
30 Securities in bank credit 624.1 626.5 628.6 631.1
31 U.S. government
securities 414.1 415.4 417.4 421.8
32 Other securities 210.0 211.1 211.2 209.3
33 Loans and leases in bank
credit (2) 1,649.3 1,652.9 1,661.9 1,665.3
34 Commercial and
industrial 303.8 303.7 304.5 305.6
35 Real estate 924.8 928.0 929.3 932.1
36 Revolving home equity 62.3 62.4 62.9 63.7
37 Other 862.6 865.6 866.4 868.5
38 Consumer 314.5 314.8 322.2 323.7
39 Credit cards and
related plans 148.0 148.0 155.8 157.0
40 Other 166.5 166.7 166.4 166.8
41 Security (3) 8.2 8.2 7.9 7.3
42 Other loans and leases 98.0 98.3 97.8 96.5
43 Interbank loans 106.7 105.2 99.9 89.5
44 Cash assets (4) 110.7 108.6 110.2 106.0
45 Other assets (5) 157.1 156.2 149.4 146.8
46 Total assets (6) 2,617.5 2,618.9 2,619.1 2,607.7
Liabilities
47 Deposits 2,042.0 2,037.0 2,040.7 2,010.3
48 Transaction 301.2 301.3 311.0 315.5
49 Nontransaction 1,740.9 1,736.6 1,729.0 1,694.9
50 Large time 303.6 302.3 303.0 302.5
51 Other 1,437.3 1,434.3 1,425.0 1,392.4
52 Borrowings 379.0 381.6 379.0 390.4
53 From banks in the U.S. 164.7 164.7 165.0 172.2
54 From others 214.3 216.9 213.0 218.2
55 Net due to related foreign
offices 8.2 8.2 9.0 11.4
56 Other liabilities 69.9 70.6 70.0 71.3
57 Total liabilities 2,499.1 2,498.4 2,500.5 2,483.4
58 Residual (assets less
liabilities) (7) 118.4 120.6 118.0 124.3
E. Foreign-related institutions
Billions of dollars
Monthly averages
2001 2001
Account Apr. Oct. Nov.
Seasonally adjusted
Assets
1 Bank credit 616.6 591.6 (r) 597.9
2 Securities in bank
credit 218.7 (r) 230.1 (r) 235.5
3 U.S. government
securities 69.6 57.2 (r) 60.3 (r)
4 Other securities 149.1 (r) 173.0 (r) 175.2 (r)
5 Loans and leases in bank
credit (2) 397.9 (r) 361.5 362.5
6 Commercial and
industrial 215.6 (r) 196.6 196.1
7 Real estate 17.7 18.7 18.9
8 Security (3) 97.6 75.4 77.0
9 Other loans and leases 67.0 70.8 70.4
10 Interbank loans 27.3 23.8 25.0
11 Cash assets (4) 38.3 39.0 38.1
12 Other assets (5) 38.5 32.4 34.1
13 Total assets (6) 720.3 686.4 (r) 694.8
Liabilities
14 Deposits 399.4 423.4 433.6
15 Transaction 10.8 10.9 10.9
16 Nontransaction 388.6 412.5 422.7
17 Borrowings 243.6 208.3 213.1
18 From banks in the U.S. 25.6 24.0 24.4
19 From others 218.0 184.3 188.7
20 Net due to related foreign
offices -17.0 -15.3 -29.1
21 Other liabilities 88.8 75.8 77.8
21 Total liabilities 714.8 692.1 695.4
22 Residual (assets less
liabilities) (7) 5.5 -5.7 (r) -.6
Not seasonally adjusted
Assets
24 Bank credit 616.5 591.6 (r) 600.6
25 Securities in bank
credit 218.7 (r) 230.1 (r) 235.5
26 U.S. government
securities 69.6 57.2 (r) 60.3 (r)
27 Trading account 14.6 14.4 13.5
28 Investment account 54.9 42.8 (r) 46.8 (r)
29 Other securities 149.1 (r) 173.0 (r) 175.2 (r)
30 Trading account 100.0 (r) 107.3 (r) 107.5
31 Investment account 49.1 65.7 (r) 67.7 (r)
32 Loans and leases in bank
credit (2) 397.7 (r) 361.5 365.1
33 Commercial and
industrial 214.2 (r) 197.3 197.7
34 Real estate 17.7 18.7 18.9
35 Security (3) 98.2 75.5 78.0
36 Other loans and leases 67.6 70.0 70.5
37 Interbank loans 27.3 23.8 25.0
38 Cash assets (4) 36.7 39.8 40.4
39 Other assets (5) 38.3 31.9 33.9
40 Total assets (6) 718.3 (r) 686.8 (r) 699.5
Liabilities
41 Deposits 402.3 416.7 437.1
42 Transaction 10.3 11.0 11.1
43 Nontransaction 392.0 405.7 426.1
44 Borrowings 243.6 208.3 213.1
45 From banks in the U.S. 25.6 24.0 24.4
46 From others 218.0 184.3 188.7
47 Net due to related foreign
offices -18.8 -16.8 -30.5
48 Other liabilities 87.9 75.2 77.3
49 Total liabilities 715.0 683.4 697.0
50 Residual (assets less
liabilities) (7) 3.4 3.4 (r) 2.5
Monthly averages
2001 2002
Jan. Feb. Mar.
Account Dec. (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 594.3 588.4 588.5 590.9
2 Securities in bank
credit 237.1 234.4 231.4 227.2
3 U.S. government
securities 58.1 (r) 52.9 48.3 49.8
4 Other securities 179.0 (r) 181.4 183.1 177.4
5 Loans and leases in bank
credit (2) 357.2 354.0 357.1 363.7
6 Commercial and
industrial 194.7 193.3 198.2 202.3
7 Real estate 19.0 18.9 18.6 18.8
8 Security (3) 74.2 73.8 71.3 73.5
9 Other loans and leases 69.2 (r) 68.0 69.0 69.2
10 Interbank loans 20.5 25.2 20.0 21.1
11 Cash assets (4) 39.0 39.4 39.5 40.0
12 Other assets (5) 30.5 31.3 30.0 26.8
13 Total assets (6) 683.8 (r) 684.0 677.6 678.4
Liabilities
14 Deposits 444.7 465.9 471.0 481.6
15 Transaction 11.2 11.2 10.6 10.4
16 Nontransaction 433.5 454.8 460.5 471.1
17 Borrowings 202.9 (r) 187.5 189.6 185.1
18 From banks in the U.S. 24.8 22.2 22.9 21.6
19 From others 178.1 (r) 165.3 166.6 163.5
20 Net due to related foreign
offices -47.2 -57.5 -66.5 -66.7
21 Other liabilities 75.5 75.7 74.5 65.2
21 Total liabilities 676.0 671.6 668.6 665.1
22 Residual (assets less
liabilities) (7) 7.9 12.3 9.0 13.3
Not seasonally adjusted
Assets
24 Bank credit 601.8 (r) 594.0 592.4 591.0
25 Securities in bank
credit 237.1 234.4 231.4 227.2
26 U.S. government
securities 58.1 (r) 52.9 48.3 49.8
27 Trading account 12.5 11.4 10.7 10.1
28 Investment account 45.6 (r) 41.6 37.6 39.7
29 Other securities 179.0 (r) 181.4 183.1 177.4
30 Trading account 107.5 104.0 101.6 95.6
31 Investment account 71.5 (r) 77.4 81.5 81.8
32 Loans and leases in bank
credit (2) 364.7 359.6 361.0 363.8
33 Commercial and
industrial 196.4 194.0 199.7 203.6
34 Real estate 19.0 18.9 18.6 18.8
35 Security (3) 78.2 77.9 73.6 71.4
36 Other loans and leases 71.1 68.8 69.1 70.0
37 Interbank loans 20.5 25.2 20.0 21.1
38 Cash assets (4) 41.4 41.5 40.4 38.9
39 Other assets (5) 31.3 32.1 30.6 27.6
40 Total assets (6) 694.6 692.5 682.9 678.2
Liabilities
41 Deposits 457.1 476.6 476.5 483.7
42 Transaction 12.0 11.4 10.7 10.3
43 Nontransaction 445.1 465.2 465.7 473.4
44 Borrowings 202.9 (r) 187.5 189.6 185.1
45 From banks in the U.S. 24.8 22.2 22.9 21.6
46 From others 178.1 (r) 165.3 166.6 163.5
47 Net due to related foreign
offices -44.5 -54.4 -63.8 -63.7
48 Other liabilities 76.7 77.0 75.6 66.3
49 Total liabilities 692.2 686.7 677.9 671.4
50 Residual (assets less
liabilities) (7) 2.4 5.7 5.1 6.8
Monthly
ave- Wednesday figures
rages
2002 2002
Apr. Apr. Apr. Apr.
Account Apr. 3 10 17 24
Seasonally adjusted
Assets
1 Bank credit 592.3 589.3 602.2 583.1 594.4
2 Securities in bank
credit 222.3 223.6 223.4 220.9 222.5
3 U.S. government
securities 48.5 50.0 48.7 48.0 48.6
4 Other securities 173.9 173.6 174.7 172.9 173.9
5 Loans and leases in bank
credit (2) 369.9 365.7 378.9 362.2 371.9
6 Commercial and
industrial 202.4 202.4 203.4 201.9 203.3
7 Real estate 19.1 19.2 19.2 19.1 19.0
8 Security (3) 78.4 74.0 84.9 71.9 80.2
9 Other loans and leases 70.0 70.1 71.4 69.3 69.4
10 Interbank loans 22.3 21.6 21.1 21.7 19.8
11 Cash assets (4) 41.3 40.2 41.8 43.0 41.1
12 Other assets (5) 26.5 27.5 26.3 25.8 27.2
13 Total assets (6) 682.0 678.2 691.0 673.1 682.1
Liabilities
14 Deposits 496.6 495.4 497.6 497.7 491.8
15 Transaction 11.0 10.2 10.7 11.7 11.3
16 Nontransaction 485.6 485.2 486.8 486.1 480.5
17 Borrowings 188.6 183.6 186.0 184.2 189.5
18 From banks in the U.S. 22.9 22.2 23.5 20.2 20.7
19 From others 165.7 161.4 162.5 164.0 168.8
20 Net due to related foreign
offices -77.8 -77.4 -66.2 -75.1 -75.7
21 Other liabilities 67.0 65.3 66.8 67.8 68.1
21 Total liabilities 674.5 667.0 684.1 674.6 673.6
22 Residual (assets less
liabilities) (7) 7.6 11.3 7.0 -1.5 8.5
Not seasonally adjusted
Assets
24 Bank credit 592.2 585.6 595.9 587.9 596.9
25 Securities in bank
credit 222.3 223.6 223.4 220.9 222.5
26 U.S. government
securities 48.5 50.0 48.7 48.0 48.6
27 Trading account 8.2 8.6 8.4 8.1 8.3
28 Investment account 40.2 41.4 40.3 40.0 40.2
29 Other securities 173.9 173.6 174.7 172.9 173.9
30 Trading account 93.0 93.5 93.1 92.3 93.4
31 Investment account 80.9 80.1 81.6 80.6 80.5
32 Loans and leases in bank
credit (2) 369.9 362.0 372.5 367.0 374.4
33 Commercial and
industrial 201.1 203.1 201.8 201.3 201.6
34 Real estate 19.1 19.2 19.2 19.1 19.0
35 Security (3) 79.0 68.8 79.8 76.3 83.5
36 Other loans and leases 70.6 70.9 71.7 70.3 70.3
37 Interbank loans 22.3 21.6 21.1 21.7 19.8
38 Cash assets (4) 39.6 38.9 39.7 41.3 39.3
39 Other assets (5) 26.3 27.7 26.2 25.6 26.8
40 Total assets (6) 680.1 673.4 682.5 676.1 682.5
Liabilities
41 Deposits 500.3 498.5 497.7 500.1 497.2
42 Transaction 10.5 10.0 10.2 11.1 10.6
43 Nontransaction 489.8 488.5 487.5 489.1 486.6
44 Borrowings 188.6 183.6 186.0 184.2 189.5
45 From banks in the U.S. 22.9 22.2 23.5 20.2 20.7
46 From others 165.7 161.4 162.5 164.0 168.8
47 Net due to related foreign
offices -79.6 -77.8 -70.4 -78.8 -76.2
48 Other liabilities 66.4 65.2 65.3 66.3 67.9
49 Total liabilities 675.7 669.5 678.5 671.8 678.3
50 Residual (assets less
liabilities) (7) 4.5 3.9 4.0 4.2 4.1
F. Memo items
Billions of dollars
Monthly averages
2001 2001
Account Apr. Oct. Nov. Dec.
Not seasonally adjusted
MEMO
Large domestically
chartered banks,
adjusted for
mergers
1 Revaluation gains on
off-balance-sheet
items (8) 81.8 (r) 100.9 (r) 104.0 (r) 80.6
2 Revaluation losses
on off-balance-
sheet items (8) 74.9 86.0 86.5 68.4
3 Mortgage-backed
securities (9) 249.8 (r) 299.7 (r) 298.9 (r) 320.4 (r)
4 Pass-through 186.0 231.0 (r) 213.7 218.0 (r)
5 CMO, REMIC, and
other 63.8 68.7 85.2 (r) 102.4
6 Net unrealized gains
(losses) on
available-for-sale
securities (10) 3.3 9.2 9.7 4.6
7 Off-shore credit to
U.S. residents
(11) 21.7 20.0 19.2 19.1
8 Securitized consumer
loans (12) 82.3 97.8 99.3 99.4
9 Credit cards and
related plans 73.1 87.8 88.3 88.7
10 Other 9.2 9.9 11.0 10.7
11 Securitized business
loans (12) 12.6 21.1 20.6 19.7
Small domestically
chartered
commercial banks,
adjusted for
mergers
12 Mortgage-backed
securities (9) 224.0 (r) 260.6 (r) 268.1 (r) 279.7 (r)
13 Securitized consumer
loans (12) 233.1 243.7 246.5 251.9
14 Credit cards and
related plans 225.2 (r) 235.8 (r) 238.3 (r) 243.8 (r)
15 Other 7.9 (r) 7.9 (r) 8.2 (r) 8.0 (r)
Foreign-related
institutions
16 Revaluation gains on
off-balance-
sheet items (8) 57.2 57.1 (r) 55.5 55.1
17 Revaluation losses
on off-balance-
sheet items (8) 53.4 49.1 48.7 49.3
18 Securitized business
loans (12) 32.7 27.1 26.4 25.2
Monthly averages
2002
Account Jan. Feb. Mar. Apr.
Not seasonally adjusted
MEMO
Large domestically
chartered banks,
adjusted for
mergers
1 Revaluation gains on
off-balance-sheet
items (8) 86.3 81.7 73.2 73.3
2 Revaluation losses
on off-balance-
sheet items (8) 66.5 59.4 52.5 57.5
3 Mortgage-backed
securities (9) 317.4 (r) 300.8 (r) 301.7 (r) 306.4
4 Pass-through 219.1 (r) 205.2 (r) 205.1 (r) 208.2
5 CMO, REMIC, and
other 98.3 (r) 95.6 (r) 96.6 98.2
6 Net unrealized gains
(losses) on
available-for-sale
securities (10) 2.9 4.4 4.3 2.4
7 Off-shore credit to
U.S. residents
(11) 19.4 19.7 19.6 19.5
8 Securitized consumer
loans (12) 94.7 92.8 94.2 94.6
9 Credit cards and
related plans 84.3 82.6 82.4 82.7
10 Other 10.4 10.3 11.9 11.9
11 Securitized business
loans (12) 19.4 19.4 17.7 17.1
Small domestically
chartered
commercial banks,
adjusted for
mergers
12 Mortgage-backed
securities (9) 280.3 (r) 282.7 (r) 285.2 (r) 288.0
13 Securitized consumer
loans (12) 259.3 253.8 251.0 250.6
14 Credit cards and
related plans 251.4 (r) 246.2 (r) 243.6 (r) 243.4
15 Other 7.8 (r) 7.6 (r) 7.4 (r) 7.2
Foreign-related
institutions
16 Revaluation gains on
off-balance-
sheet items (8) 52.3 52.8 46.9 (r) 46.2
17 Revaluation losses
on off-balance-
sheet items (8) 49.3 49.2 41.7 40.8
18 Securitized business
loans (12) 25.5 25.1 24.1 23.8
Wednesday figures
2002
Account Apr. 3 Apr. 10 Apr. 17 Apr. 24
Not seasonally adjusted
MEMO
Large domestically
chartered banks,
adjusted for
mergers
1 Revaluation gains on
off-balance-sheet
items (8) 66.8 71.1 71.9 77.2
2 Revaluation losses
on off-balance-
sheet items (8) 51.3 54.8 54.9 62.7
3 Mortgage-backed
securities (9) 304.2 303.6 305.1 304.7
4 Pass-through 206.2 205.4 208.0 207.0
5 CMO, REMIC, and
other 98.0 98.2 97.1 97.7
6 Net unrealized gains
(losses) on
available-for-sale
securities (10) .8 1.6 1.5 1.9
7 Off-shore credit to
U.S. residents
(11) 19.4 19.3 19.2 20.1
8 Securitized consumer
loans (12) 94.6 94.5 94.3 94.2
9 Credit cards and
related plans 82.9 82.5 82.4 82.4
10 Other 11.7 12.0 11.9 11.8
11 Securitized business
loans (12) 16.8 17.0 17.2 17.2
Small domestically
chartered
commercial banks,
adjusted for
mergers
12 Mortgage-backed
securities (9) 285.1 285.6 287.4 289.7
13 Securitized consumer
loans (12) 252.5 251.3 249.0 249.7
14 Credit cards and
related plans 245.2 244.0 241.8 242.6
15 Other 7.3 7.2 7.2 7.2
Foreign-related
institutions
16 Revaluation gains on
off-balance-
sheet items (8) 45.3 45.4 45.6 46.9
17 Revaluation losses
on off-balance-
sheet items (8) 40.2 39.9 40.9 41.7
18 Securitized business
loans (12) 23.9 24.0 23.9 23.7
NOTE. Tables 1.26, 1.27, and 1.28 have been revised to reflect changes
in the Board's H.8 statistical release, "Assets and Liabilities of
Commercial Banks in the United States." Table 1.27, "Assets and
Liabilities of Large Weekly Reporting Commercial Banks," and table
1,28, "Large Weekly Reporting U.S. Branches and Agencies of Foreign
Banks," are no longer being published in the Bulletin. Instead,
abbreviated balance sheets for both large and small domestically
chartered banks have been included in table 1.26, parts C and D.
Data are both merger-adjusted and break-adjusted. In addition, data
from large weekly reporting U.S. branches and agencies of foreign
banks have been replaced by balance sheet estimates of all
foreign-related institutions and are included in table 1.26,
part E. These data are break-adjusted.
The not-seasonally-adjusted data for all tables now contain additional
balance sheet items, which were available as of October 2, 1996.
(1.) Covers the following types of institutions in the fifty states and
the District of Columbia: domestically chartered commercial banks that
submit a weekly report of condition (large domestic); other
domestically chartered commercial banks (small domestic); branches and
agencies of foreign banks, and Edge Act and agreement corporations
(foreign-related institutions). Excludes International Banking
Facilities. Data are Wednesday values or pro rata averages of Wednesday
values. Large domestic banks constitute a universe; data for small
domestic banks and foreign-related institutions are estimates based on
weekly samples and on quarter-end condition reports. Data are adjusted
for breaks caused by reclassifications of assets and liabilities.
The data for large and small domestic banks presented on pp. A17-19 are
adjusted to remove the estimated effects of mergers between these two
groups. The adjustment for mergers changes past levels to make them
comparable with current levels. Estimated quantities of balance sheet
items acquired in mergers are removed from past data for the bank group
that contained the acquired bank and put into past data for the group
containing the acquiring bank. Balance sheet data for acquired banks
are obtained from Call Reports, and a ratio procedure is used to adjust
past levels.
(2.) Excludes federal funds sold to, reverse RPs with, and loans made
to commercial banks in the United States, all of which are included
in "Interbank loans."
(3.) Consists of reverse RPs with brokers and dealers and loans to
purchase and carry securities.
(4.) Includes vault cash, cash items in process of collection, balances
due from depository institutions, and balances due from Federal Reserve
Banks.
(5.) Excludes the due-from position with related foreign offices, which
is included in "Net due to related foreign offices."
(6.) Excludes unearned income, reserves for losses on loans and leases,
and reserves for transfer risk. Loans are reported gross of these
items.
(7.) This balancing item is not intended as a measure of equity capital
for use in capital adequacy analysis. On a seasonally adjusted basis,
this item reflects any differences in the seasonal patterns estimated
for total assets and total liabilities.
(8.) Fair value of derivative contracts (interest rate, foreign
exchange rate, other commodity and equity contracts) in a gain/loss
position, as determined under FASB Interpretation No. 39.
(9.) Includes mortgage-backed securities issued by U.S. government
agencies, U.S. government-sponsored enterprises, and private entities.
(10.) Difference between fair value and historical cost for securities
classified as available-for-sale under FASB Statement No. 115. Data
are reported net of tax effects. Data shown are restated to include
an estimate of these tax effects.
(11.) Mainly commercial and industrial loans but also includes an
unknown amount of credit extended to other than nonfinancial
businesses.
(12.) Total amount outstanding.
Financial Markets
1.32 COMMERCIAL PAPER OUTSTANDING
Millions of dollars, seasonally adjusted, end of period
Year ending December
Item 1997 1998 1999 2000
1 All issuers 966,699 1,163,303 1,403,023 1,615,341
Financial
companies (1)
2 Dealer-placed
paper, total (2) 513,307 614,142 786,643 973,060
3 Directly placed
paper, total (3) 252,536 322,030 337,240 298,848
4 Nonfinancial
companies (4) 200,857 227,132 279,140 343,433
Year
ending 2001
December
Item 2001 Oct. Nov. Dec.
1 All issuers 1,438,764 1,436,254 1,435,808 1,438,764
Financial
companies (1)
2 Dealer-placed
paper, total (2) 989,364 984,996 993,491 989,364
3 Directly placed
paper, total (3) 224,553 232,407 227,422 224,553
4 Nonfinancial
companies (4) 224,847 218,851 214,894 224,847
2002
Item Jan. Feb. Mar.
1 All issuers 1,428,494 1,402,875 1,358,114
Financial
companies (1)
2 Dealer-placed
paper, total (2) 984,251 984,441 964,070
3 Directly placed
paper, total (3) 224,595 218,266 205,292
4 Nonfinancial
companies (4) 219,648 200,168 188,753
(1.) Institutions engaged primarily in commercial, savings, and
mortgage banking; sales, personal and mortgage financing; factoring,
finance leasing, and other business lending; insurance underwriting;
and other investment activities.
(2.) Includes all financial-company paper sold by dealers in the
open market.
(3.) As reported by financial companies that place their paper
directly with investors.
(4.) Includes public utilities and firms engaged primarily in such
activities as communications, construction, manufacturing, mining,
wholesale and retail trade, transportation, and services.
1.33 PRIME RATE CHARGED BY BANKS Short-Term Business Loans (1)
Percent per year
Date of change Rate
1999--Jan. 1 7.75
July 1 8.00
Aug. 25 8.25
Nov. 17 8.50
2000--Feb. 3 8.75
Mar. 22 9.00
May 17 9.50
2001--Jan. 4 9.00
Feb. 1 8.50
Mar. 21 8.00
Apr. 19 7.50
May 16 7.00
June 28 6.75
Aug. 22 6.50
Sept. 18 6.00
Oct. 3 5.50
Nov. 7 5.00
Dec. 12 4.75
Average
Period rate
1999 8.00
2000 9.23
2001 6.91
1999--Jan. 7.75
Feb. 7.75
Mar. 7.75
Apr. 7.75
May 7.75
June 7.75
July 8.00
Aug. 8.06
Sept. 8.25
Oct. 8.25
Nov. 8.37
Dec. 8.50
Average
Period rate
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
Average
Period rate
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
(1.) The prime rate is one of several base rates that banks use to
price short-term business loans. The table shows the date on which
a new rate came to be the predominant one quoted by a majority of
the twenty-five largest banks by asset size, based on the most recent
Call Report. Data in this table also appear in the Board's H.15 (519)
weekly and G.13 (415) monthly statistical releases. For ordering
address, see inside front cover.
1.35 INTEREST RATES Money and Capital Markets
Percent per year; figures are averages of business day data
unless otherwise noted
2002
Item 1999 2000 2001 Jan. Feb. Mar.
MONEY MARKET INSTRUMENTS
1 Federal funds (1),(2),(3) 4.97 6.24 3.88 1.73 1.74 1.73
2 Discount window borrowing
(2),(4) 4.62 5.73 3.40 1.25 1.25 1.25
Commercial paper
(3),(5),(6)
Nonfinancial
3 1-month 5.09 6.27 3.78 1.70 1.76 1.78
4 2-month 5.14 6.29 3.68 1.69 1.76 1.82
5 3-month 5.18 6.31 3.65 1.70 1.79 1.86
Financial
6 1-month 5.11 6.28 3.80 1.72 1.77 1.80
7 2-month 5.16 6.30 3.71 1.71 1.78 1.82
8 3-month 5.22 6.33 3.65 1.72 1.80 1.87
Certificates of deposit,
secondary market
(3),(7)
9 1-month 5.19 6.35 3.84 1.75 1.81 1.84
10 3-month 5.33 6.46 3.71 1.74 1.82 1.91
11 6-month 5.46 6.59 3.66 1.85 1.95 2.16
12 Eurodollar deposits,
3-month (3),(8) 5.31 6.45 3.70 1.75 1.82 1.91
U.S. Treasury bills
Secondary market (3),(5)
13 4-week n.a. n.a. 2.43 1.65 1.71 1.76
14 3-month 4.64 5.82 3.40 1.65 1.73 1.79
15 6-month 4.75 5.90 3.34 1.73 1.82 2.01
U.S. TREASURY NOTES AND BONDS
Constant maturities (9)
16 1-year 5.08 6.11 3.49 2.16 2.23 2.57
17 2-year 5.43 6.26 3.83 3.03 3.02 3.56
18 3-year 5.49 6.22 4.09 3.56 3.55 4.14
19 5-year 5.55 6.16 4.56 4.34 4.30 4.74
20 7-year 5.79 6.20 4.88 4.79 4.71 5.14
21 10-year 5.65 6.03 5.02 5.04 4.91 5.28
22 20-year 6.20 6.23 5.63 5.69 5.61 5.93
Treasury long-term average
(10),(11)
23 25 years and above n.a. n.a. n.a. n.a. 5.56 5.88
STATE AND LOCAL
NOTES AND BONDS
Moody's series (12)
24 Aaa 5.28 5.58 4.99 5.05 4.93 5.09
25 Baa 5.70 6.19 5.75 5.64 5.71 5.92
26 Bond Buyer series (13) 5.43 5.71 5.15 5.16 5.11 5.29
CORPORATE BONDS
27 Seasoned issues, all
industries (14) 7.45 7.98 7.49 7.24 7.18 7.44
Rating group
28 Aaa (15) 7.05 7.62 7.08 6.55 6.51 6.81
29 Aa 7.36 7.83 7.26 7.03 6.95 7.22
30 A 7.53 8.11 7.67 7.50 7.37 7.62
31 Baa 7.88 8.37 7.95 7.87 7.89 8.11
MEMO
Dividend-price ratio (16)
32 Common stocks 1.25 1.15 1.32 1.38 1.43 1.37
2002 2002, week ending
Item Apr. Mar. 29 Apr. 5 Apr. 12
MONEY MARKET INSTRUMENTS
1 Federal funds (1),(2),(3) 1.75 1.70 1.77 1.71
2 Discount window borrowing
(2),(4) 1.25 1.25 1.25 1.25
Commercial paper
(3),(5),(6)
Nonfinancial
3 1-month 1.76 1.79 1.78 1.77
4 2-month 1.77 1.84 1.80 1.78
5 3-month 1.81 1.91 1.88 1.82
Financial
6 1-month 1.76 1.79 1.79 1.77
7 2-month 1.79 1.82 1.82 1.79
8 3-month 1.83 1.90 1.89 1.84
Certificates of deposit,
secondary market
(3),(7)
9 1-month 1.81 1.85 1.83 1.81
10 3-month 1.87 1.97 1.94 1.88
11 6-month 2.11 2.29 2.25 2.15
12 Eurodollar deposits,
3-month (3),(8) 1.88 1.96 1.93 1.89
U.S. Treasury bills
Secondary market (3),(5)
13 4-week 1.69 1.75 1.75 1.70
14 3-month 1.72 1.79 1.75 1.69
15 6-month 1.93 2.07 2.04 1.94
U.S. TREASURY NOTES AND BONDS
Constant maturities (9)
16 1-year 2.48 2.70 2.64 2.53
17 2-year 3.42 3.71 3.60 3.47
18 3-year 4.01 4.31 4.18 4.05
19 5-year 4.65 4.88 4.79 4.66
20 7-year 5.02 5.26 5.16 5.03
21 10-year 5.21 5.38 5.32 5.22
22 20-year 5.85 6.00 5.93 5.85
Treasury long-term average
(10),(11)
23 25 years and above 5.82 5.95 5.89 5.83
STATE AND LOCAL
NOTES AND BONDS
Moody's series (12)
24 Aaa 5.09 5.16 5.16 5.09
25 Baa 5.86 6.00 5.96 5.89
26 Bond Buyer series (13) 5.22 5.32 5.28 5.20
CORPORATE BONDS
27 Seasoned issues, all
industries (14) 7.36 7.49 7.44 7.37
Rating group
28 Aaa (15) 6.76 6.87 6.83 6.75
29 Aa 7.16 7.26 7.21 7.16
30 A 7.49 7.66 (r) 7.59 (r) 7.51 (r)
31 Baa 8.03 8.16 (r) 8.14 (r) 8.07 (r)
MEMO
Dividend-price ratio (16)
32 Common stocks 1.42 1.38 1.41 1.40
2002, week ending
Item Apr. 19 Apr. 26
MONEY MARKET INSTRUMENTS
1 Federal funds (1),(2),(3) 1.78 1.70
2 Discount window borrowing
(2),(4) 1.25 1.25
Commercial paper
(3),(5),(6)
Nonfinancial
3 1-month 1.74 1.74
4 2-month 1.77 1.75
5 3-month 1.81 1.76
Financial
6 1-month 1.76 1.75
7 2-month 1.79 1.76
8 3-month 1.83 1.79
Certificates of deposit,
secondary market
(3),(7)
9 1-month 1.81 1.80
10 3-month 1.86 1.84
11 6-month 2.10 2.05
12 Eurodollar deposits,
3-month (3),(8) 1.86 1.84
U.S. Treasury bills
Secondary market (3),(5)
13 4-week 1.67 1.65
14 3-month 1.70 1.70
15 6-month 1.89 1.86
U.S. TREASURY NOTES AND BONDS
Constant maturities (9)
16 1-year 2.42 2.36
17 2-year 3.39 3.30
18 3-year 3.99 3.88
19 5-year 4.62 4.56
20 7-year 5.00 4.92
21 10-year 5.21 5.13
22 20-year 5.85 5.79
Treasury long-term average
(10),(11)
23 25 years and above 5.83 5.77
STATE AND LOCAL
NOTES AND BONDS
Moody's series (12)
24 Aaa 5.06 5.03
25 Baa 5.83 5.77
26 Bond Buyer series (13) 5.22 5.16
CORPORATE BONDS
27 Seasoned issues, all
industries (14) 7.34 7.30
Rating group
28 Aaa (15) 6.74 6.74
29 Aa 7.15 7.11
30 A 7.45 7.40
31 Baa 8.02 (r) 7.94
MEMO
Dividend-price ratio (16)
32 Common stocks 1.41 1.45
NOTE. Some of the data in this table also appear in the Board's
H.15 (519) weekly statistical release. For ordering address, see
inside front cover.
(1.) The daily effective federal funds rate is a weighted average
of rates on trades through New York brokers.
(2.) Weekly figures are averages of seven calendar days, ending on
Wednesday of the current week; monthly figures include each calendar
day in the month.
(3.) Annualized using a 360-day year or bank interest.
(4.) Rate for the Federal Reserve Bank of New York.
(5.) Quoted on a discount basis.
(6.) Interest 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
estaimate a 30-year rate can be found at http://www.treas.gov/offices/
domestic-finance/debt-management/interest-rate/ltcompositeindex.html.
(12.) General obligation bonds based on Thursday figures; Moody's
Investors Service.
(13.) State and local government general obligation bonds maturing in
twenty years are used in compiling this index. The twenty-bond index
has a rating roughly equivalent to Moodys' A1 rating. Based on
Thursday figures.
(14.) Daily figures are averages of Aaa, Aa, A, and Baa yields from
Moody's Investors Service. Based on yields to maturity on selected
long-term bonds.
(15.) Effective December 7, 2001, the Moody's Aaa yield includes yields
only for industrial firms. Prior to December 7, 2001, the Aaa yield
represented both utilities and industrial.
(16.) Standard & Poor's corporate series. Common stock ratio is based
on the 500 stocks in the price index.
SOURCE: U.S. Department of the Treasury.
1.36 STOCK MARKET Selected Statistics
2001
Indicator 1999 2000 2001 Aug.
Prices and trading volume (averages
of daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange (Dec.
31, 1965 = 50) 619.52 643.71 606.03 604.52
2 Industrial 775.29 809.40 749.46 748.65
3 Transportation 491.62 414.73 444.45 458.35
4 Utility 284.82 478.99 377.72 357.76
5 Finance 530.97 552.48 596.61 605.59
6 Standard & Poor's
Corporation
(1941-43 = 10) (1) 1,327.33 1,427.22 1,194.18 1,178.51
7 American Stock
Exchange (Aug. 31,
1973 = 50) (2) 770.90 922.22 879.08 883.01
Volume of trading
(thousands of
shares)
8 New York Stock
Exchange 799,554 1,026,867 1,216,529 1,012,907
9 American Stock
Exchange 32,629 51,437 68,074 48,304
Customer financing (millions of dollars,
end-of-period balances)
10 Margin credit at
broker-dealers (3) 228,530 198,790 150,450 161,130
Free credit balances
at brokers (4)
11 Margin accounts (5) 55,130 100,680 101,640 103,990
12 Cash accounts 79,070 84,400 78,040 73,710
Margin requirements (percent of market
value and effective date) (6)
Mar. 11, 1968 June 8, 1968
13 Margin stocks 70 80
14 Convertible bonds 50 60
15 Short sales 70 80
2001
Indicator Sept. Oct. Nov. Dec.
Prices and trading volume (averages
of daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange (Dec.
31, 1965 = 50) 544.39 556.04 575.31 582.82
2 Industrial 672.89 688.35 715.98 727.67
3 Transportation 382.68 371.56 410.05 433.70
4 Utility 339.72 341.51 330.78 325.33
5 Finance 538.01 553.16 577.85 585.47
6 Standard & Poor's
Corporation
(1941-43 = 10) (1) 1,044.64 1,076.59 1,129.68 1,144.93
7 American Stock
Exchange (Aug. 31,
1973 = 50) (2) 823.78 825.91 814.78 828.19
Volume of trading
(thousands of
shares)
8 New York Stock
Exchange 1,666,980 1,293,019 1,242,965 1,240,245
9 American Stock
Exchange 72,319 66,765 88,694 53,337
Customer financing (millions of dollars,
end-of-period balances)
10 Margin credit at
broker-dealers (3) 144,670 144,010 148,650 150,450
Free credit balances
at brokers (4)
11 Margin accounts (5) 115,450 101,850 98,330 101,640
12 Cash accounts 74,220 69,550 72,090 78,040
Margin requirements (percent of market
value and effective date) (6)
May 6, 1970 Dec. 6, 1971
13 Margin stocks 65 55
14 Convertible bonds 50 50
15 Short sales 65 55
2002
Indicator Jan. Feb. Mar. Apr.
Prices and trading volume (averages
of daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange (Dec.
31, 1965 = 50) 581.74 569.55 600.74 587.58
2 Industrial 723.56 715.80 751.79 732.71
3 Transportation 446.13 453.51 490.51 470.00
4 Utility 322.92 301.32 316.25 300.57
5 Finance 591.94 570.18 609.72 610.24
6 Standard & Poor's
Corporation
(1941-43 = 10) (1) 1,140.21 1,100.67 1,153.79 1,112.03
7 American Stock
Exchange (Aug. 31,
1973 = 50) (2) 835.02 845.81 891.08 915.09
Volume of trading
(thousands of
shares)
8 New York Stock
Exchange 1,401,913 1,362,830 1,321,351 1,280,714
9 American Stock
Exchange 55,151 55,657 56,375 n.a.
Customer financing (millions of dollars,
end-of-period balances)
10 Margin credit at
broker-dealers (3) 150,390 147,030 149,370 150,940
Free credit balances
at brokers (4)
11 Margin accounts (5) 97,330 99,350 93,700 92,140
12 Cash accounts 75,110 72,730 69,790 68,540
Margin requirements (percent of market
value and effective date) (6)
Nov. 24, 1972 Jan. 3, 1974
13 Margin stocks 65 50
14 Convertible bonds 50 50
15 Short sales 65 50
(1.) In July 1976 a financial group, composed of banks and insurance
companies, was added to the group of stocks on which the index is
based. The index is now based on 400 industrial stocks (formerly 425),
20 transportation (formerly 15 rail), 40 public utility (formerly 60),
and 40 financial.
(2.) On July 5, 1983, the American Stock Exchange rebased its index,
effectively cutting previous readings in half.
(3.) Since July 1983, under the revised Regulation T, margin credit at
broker-dealers has included credit extended against stocks, convertible
bonds, stocks acquired through the exercise of subscription rights,
corporate bonds, and government securities. Separate reporting of data
for margin stocks, convertible bonds, and subscription issues was
discontinued in April 1984.
(4.) Free credit balances are amounts in accounts with no unfulfilled
commitments to brokers and are subject to withdrawal by customers on
demand.
(5.) Series initiated in June 1984.
(6.) Margin requirements, stated in regulations adopted by the Board
of Governors pursuant to the Securities Exchange Act of 1934, limit
the amount of credit that can be used to purchase and carry "margin
securities" (as defined in the regulations) when such credit is
collateralized by securities. Margin requirements on securities are
the difference between the market value (100 percent) and the maximum
loan value of collateral as prescribed by the Board. Regulation T was
adopted effective Oct. 15, 1934; Regulation U, effective May 1, 1936;
Regulation G, effective Mar. 11, 1968; and Regulation X, effective
Nov. 1, 1971.
On Jan. 1, 1977, the Board of Governors for the first time established
in Regulation T the initial margin required for writing options on
securities, setting it at 30 percent of the current market value of
the stock underlying the option. On Sept. 30, 1985, the Board changed
the required initial margin, allowing it to be the same as the option
maintenance margin required by the appropriate exchange or
self-regulatory organization; such maintenance margin rules must be
approved by the Securities and Exchange Commission.
Federal Finance
1.40 FEDERAL DEBT SUBJECT TO STATUTORY LIMITATION
Billions of dollars, end of month
2000 2001
Item Mar. 31 June 30 Sept. 30 Dec. 31 Mar. 31
1 Federal debt
outstanding 5,801.5 5,714.2 5,701.9 5,689.6 5,800.6
2 Public debt
securities 5,773.4 5,685.9 5,674.2 5,662.2 5,773.7
3 Held by public 3,688.0 3,495.7 3,438.5 3,413.5 3,434.4
4 Held by
agencies 2,085.4 2,190.2 2,235.7 2,248.7 2,339.4
5 Agency securities 28.1 28.3 27.7 27.4 26.8
6 Held by public 27.8 28.2 27.6 27.3 26.8
7 Held by
agencies .4 .1 .1 .1 .1
8 Debt subject to
statutory limit 5,686.5 5,600.6 5,591.6 5,580.5 5,692.5
9 Public debt
securities 5,686.3 5,600.5 5,591.4 5,580.2 5,692.3
10 Other debt (1) .2 .2 .2 .2 .2
MEMO
11 Statutory debt
limit 5,950.0 5,950.0 5,950.0 5,950.0 5,950.0
2001 2002
Item June 30 Sept. 30 Dec. 31 Mar. 31
1 Federal debt
outstanding 5,753.9 5,834.5 5,970.3 n.a
2 Public debt
securities 5,726.8 5,807.5 5,943.4 6,006.0
3 Held by public 3,274.2 3,338.7 3,393.8 n.a
4 Held by
agencies 2,452.6 2,468.8 2,549.7 n.a
5 Agency securities 27.1 27.0 26.8 n.a
6 Held by public 27.1 27.0 26.8 n.a
7 Held by
agencies .0 .0 .0 n.a
8 Debt subject to
statutory limit 5,645.0 5,732.6 5,871.4 5,935.1
9 Public debt
securities 5,644.8 5,807.5 5,943.4 6,006.0
10 Other debt (1) .2 .2 .3 .2
MEMO
11 Statutory debt
limit 5,950.0 5,950.0 5,950.0 5,950.0
(1.) Consists of guaranteed debt of U.S. Treasury and other federal
agencies, specified participation certificates, notes to international
lending organizations, and District of Columbia stadium bonds.
SOURCE. U.S. Department of the Treasury, Monthly Statement of the
Public Debt of the United States and Monthly Treasury Statement.
1.41 GROSS PUBLIC DEBT OF U.S. TREASURY Types and Ownership
Billions of dollars, end of period
Type and holder 1998 1999 2000 2001
1 Total gross public debt 5,614.2 5,776.1 5,662.2 5,943.4
By type
2 Interest-bearing 5,605.4 5,766.1 5,618.1 5,930.8
3 Marketable 3,355.5 3,281.0 2,966.9 2,982.9
4 Bills 691.0 737.1 646.9 811.3
5 Notes 1,960.7 1,784.5 1,557.3 1,413.9
6 Bonds 621.2 643.7 626.5 602.7
7 Inflation-indexed notes
and bonds (1) 67.6 100.7 121.2 140.1
8 Nonmarketable (2) 2,249.9 2,485.1 2,651.2 2,947.9
9 State and local
government series 165.3 165.7 151.0 146.3
10 Foreign issues (3) 34.3 31.3 27.2 15.4
11 Government 34.3 31.3 27.2 15.4
12 Public .0 .0 .0 .0
13 Savings bonds and notes 180.3 179.4 176.9 181.5
14 Government account
series (4) 1,840.0 2,078.7 2,266.1 2,574.8
15 Non-interest-bearing 8.8 10.0 44.2 12.7
By holder (5)
16 US Treasury and other
federal agencies and trust
funds 1,828.1 2,064.2 2,249.0 2,572.2
17 Federal Reserve Banks (6) 452.1 478.0 511.7 551.7
18 Private investors 3,334.0 3,233.9 2,880.4 2,819.5
19 Depository institutions 237.3 246.5 199.2 182.2
20 Mutual funds 343.3 335.4 312.6 258.5
21 Insurance companies 141.7 123.4 110.2 85.7
22 State and local
treasuries (7) 269.3 266.8 236.2 205.4
Individuals
23 Savings bonds 186.6 186.4 184.8 190.3
24 Pension funds 356.9 349.7 333.4 288.4
25 Private 139.1 138.5 137.7 102.4
26 State and Local 217.7 211.2 195.7 186.0
27 Foreign and
international (8) 1,278.7 1,268.7 1,201.3 1,218.1
28 Other miscellaneous
investors (7),(9) 517.5 444.1 276.9 n.a.
2001 2002
Type and holder Q2 Q3 Q4 Q1
1 Total gross public debt 5,726.8 5,807.5 5,943.4 6,006.0
By type
2 Interest-bearing 5,682.8 5,763.6 5,930.8 5,962.2
3 Marketable 2,822.3 2,897.3 2,982.9 3,003.3
4 Bills 620.1 734.9 811.3 834.4
5 Notes 1,441.0 1,399.6 1,413.9 1,411.7
6 Bonds 616.9 612.9 602.7 596.7
7 Inflation-indexed notes
and bonds (1) 129.3 134.9 140.1 145.6
8 Nonmarketable (2) 2,860.5 2,866.4 2,947.9 2,958.9
9 State and local
government series 153.3 146.4 146.3 141.1
10 Foreign issues (3) 24.0 18.3 15.4 14.6
11 Government 24.0 18.3 15.4 14.6
12 Public .0 .0 .0 .0
13 Savings bonds and notes 178.4 179.6 181.5 183.6
14 Government account
series (4) 2,474.7 2,492.1 2,574.8 2,589.7
15 Non-interest-bearing 44.0 43.8 12.7 43.8
By holder (5)
16 US Treasury and other
federal agencies and trust
funds 2,469.1 2,493.7 2,572.2 n.a.
17 Federal Reserve Banks (6) 535.1 534.1 551.7 575.4
18 Private investors 2,722.6 2,779.7 2,819.5 n.a.
19 Depository institutions 190.1 189.5 182.2 n.a.
20 Mutual funds 219.2 231.6 258.5 n.a.
21 Insurance companies 94.8 88.5 85.7 n.a.
22 State and local
treasuries (7) 224.0 208.9 205.4 n.a.
Individuals
23 Savings bonds 185.5 186.4 190.3 n.a.
24 Pension funds 308.4 287.3 288.4 n.a.
25 Private 104.0 99.6 102.4 n.a.
26 State and Local 204.4 187.7 186.0 n.a.
27 Foreign and
international (8) 1,167.4 1,170.1 1,218.1 n.a.
28 Other miscellaneous
investors (7),(9) 210.5 279.4 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
2002,
2002 week
ending
Item Jan. Feb. Mar. Feb. 27
By type of security
1 U.S. Treasury bills 37,522 42,233 44,546 46,041
Treasury coupon
securities by
maturity
2 Three years or less 137,139 122,427 148,829 154,118
3 More than three but
less than or equal
to six years 80,482 82,210 90,406 82,332
4 More than six but less
than or equal to
eleven years 72,361 69,912 76,902 64,496
5 More than eleven 18,413 15,747 21,396 15,490
6 Inflation-indexed (2) 2,153 1,735 1,794 1,981
Federal agency and
government-sponsored
enterprises
7 Discount notes 56,379 54,029 49,852 50,547
Coupon securities by
maturity
8 Three years or less 11,890 10,672 11,871 11,993
9 More than three
years but less
than or equal to
six years 9,585 10,590 12,763 14,042
10 More than six years
but less than or
equal to eleven
years 10,687 6,019 7,350 5,698
11 More than eleven
years 980 1,473 1,201 930
12 Mortgage-backed 140,307 136,655 138,204 105,130
Corporate securities
13 One year or less 75,514 102,218 110,024 96,351
14 More than one year 20,307 18,835 24,309 19,117
By type of counterparty
With interdealer broker
15 U.S. Treasury 155,689 156,162 174,400 (r) 170,629
16 Federal agency and
government-sponsored
enterprises 12,346 10,972 12,303 (r) 11,518
17 Mortgage-backed 37,059 34,770 36,404 (r) 28,067
18 Corporate 568 536 620 592
With other
19 U.S. Treasury 192,381 178,102 209,471 (r) 193,829
20 Federal agency and
government-sponsored
enterprises 77,175 71,811 70,734 (r) 71,692
21 Mortgage-backed 103,248 101,885 101,799 (r) 77,063
22 Corporate 95,252 120,517 133,713 114,876
2002, week ending
Item Mar. 6 Mar. 13 Mar. 20 Mar. 27
By type of security
1 U.S. Treasury bills 45,570 40,283 44,145 45,143
Treasury coupon
securities by
maturity
2 Three years or less 165,986 126,245 133,712 176,569
3 More than three but
less than or equal
to six years 99,504 98,852 83,989 84,674
4 More than six but less
than or equal to
eleven years 73,869 80,437 87,647 68,496
5 More than eleven 17,318 23,711 24,174 20,340
6 Inflation-indexed (2) 1,433 1,876 1,618 2,073
Federal agency and
government-sponsored
enterprises
7 Discount notes 59,060 48,300 45,465 46,347
Coupon securities by
maturity
8 Three years or less 13,773 13,394 9,495 11,634
9 More than three
years but less
than or equal to
six years 11,442 18,286 8,750 13,461
10 More than six years
but less than or
equal to eleven
years 7,114 5,683 5,434 11,596
11 More than eleven
years 1,384 1,116 1,543 886
12 Mortgage-backed 166,643 186,160 120,768 85,962
Corporate securities
13 One year or less 104,988 103,347 119,179 111,132
14 More than one year 22,264 25,585 23,063 26,930
By type of counterparty
With interdealer broker
15 U.S. Treasury 185,646 164,355 166,522 188,401
16 Federal agency and
government-sponsored
enterprises 12,834 13,624 10,166 13,383
17 Mortgage-backed 43,109 50,720 30,510 21,395
18 Corporate 608 638 635 634
With other
19 U.S. Treasury 218,032 207,049 208,763 208,894
20 Federal agency and
government-sponsored
enterprises 79,940 73,154 60,521 70,540
21 Mortgage-backed 123,534 135,439 90,258 64,567
22 Corporate 126,644 128,294 141,607 137,429
2002, week ending
Item Apr. 3 Apr. 10 Apr. 17 Apr. 24
By type of security
1 U.S. Treasury bills 60,775 46,932 40,435 32,157
Treasury coupon
securities by
maturity
2 Three years or less 130,006 111,450 120,773 153,801
3 More than three but
less than or equal
to six years 72,526 76,103 72,674 68,053
4 More than six but less
than or equal to
eleven years 59,665 59,192 63,474 59,420
5 More than eleven 17,524 14,443 16,631 18,561
6 Inflation-indexed (2) 2,303 1,948 2,739 1,900
Federal agency and
government-sponsored
enterprises
7 Discount notes 60,244 47,009 49,187 47,084
Coupon securities by
maturity
8 Three years or less 9,713 11,640 11,261 15,775
9 More than three
years but less
than or equal to
six years 7,014 6,767 6,321 7,245
10 More than six years
but less than or
equal to eleven
years 4,978 8,947 8,699 7,027
11 More than eleven
years 761 782 506 1,283
12 Mortgage-backed 133,050 177,968 116,019 92,334
Corporate securities
13 One year or less 112,243 98,667 106,891 99,259
14 More than one year 19,224 19,337 18,384 19,235
By type of counterparty
With interdealer broker
15 U.S. Treasury 149,028 148,214 148,245 159,863
16 Federal agency and
government-sponsored
enterprises 8,864 12,274 10,228 13,062
17 Mortgage-backed 42,528 48,421 36,459 29,504
18 Corporate 436 628 559 527
With other
19 U.S. Treasury 193,771 161,855 168,480 174,029
20 Federal agency and
government-sponsored
enterprises 73,847 62,871 65,745 65,353
21 Mortgage-backed 90,521 129,547 79,560 62,830
22 Corporate 131,032 117,376 124,715 117,968
(1.) The figures represent purchases and sales in the market by the
primary U.S. government securities dealers reporting to the Federal
Reserve Bank of New York. Outright transactions include all U.S.
government, federal agency, government-sponsored enterprise,
mortgage-backed, and corporate securities scheduled for immediate
and forward delivery, as well as all U.S. government securities
traded on a when-issued basis between the announcement and issue
date. Data do not include transactions under repurchase and reverse
repurchase (resale) agreements. Averages are based on the number of
trading days in the week.
(2.) Outright Treasury inflation-indexed securities (TIIS) transactions
are reported at principal value, excluding accrued interest, where
principal value reflects the original issuance par amount (unadjusted
for inflation) times the price times the index ratio.
NOTE. Major changes in the report form filed by primary dealers
induced a break in the dealer data series as of the week ending
July 4, 2001. Current weekly data may be found at the Federal
Reserve Bank of New York web site (http:www.newyorkfed.org/
pihome/statistics) under the Primary Dealer heading.
1.43 U.S. GOVERNMENT SECURITIES DEALERS Positions and Financing (1)
Millions of dollars
2002
Item, by type of security Jan. Feb. Mar.
Net Outright Positions (2)
1 U.S. Treasury bills 28,500 28,170 27,972
Treasury coupon securities
by maturity
2 Three years or less -27,102 -28,348 -24,485
3 More than three years but
less than or equal to
six years -23,434 -23,482 -32,811
4 More than six but less
than or equal to eleven
years -17,847 -13,477 -16,734
5 More than eleven 9,521 12,230 7,431
6 Inflation-indexed 3,415 3,450 3,654
Federal agency and
government-sponsored
enterprises
7 Discount notes 46,497 49,069 44,291
Coupon securities, by
maturity
8 Three years or less 13,976 11,856 8,783
9 More than three years
but less than or equal
to six years 707 1,318 -41
10 More than six but less
than or equal to
eleven years 472 1,111 2,503
11 More than eleven 3,443 3,479 2,421
12 Mortgage-backed 13,742 6,195 7,596
Corporate securities
13 One year or less 18,398 17,989 22,486
14 More than one year 39,681 36,235 42,634
Financing (3)
Securities in, U.S. Treasury
15 Overnight and continuing 539,785 547,472 561,103
16 Term 642,804 656,569 684,041
Federal agency and
government-sponsored
enterprises
17 Overnight and continuing 131,213 140,693 143,017
18 Term 224,528 224,572 231,817
Mortgage-backed securities
19 Overnight and continuing 30,400 35,759 34,190
20 Term 212,612 217,733 217,741
Corporate securities
21 Overnight and continuing 38,733 41,282 44,546
22 Term 19,861 22,076 (r) 22,000
MEMO
Reverse repurchase
agreements
23 Overnight and continuing 356,539 381,084 396,888
24 Term 967,513 997,678 1,022,616
Securities out, U.S.
Treasury
25 Overnight and continuing 537,222 551,187 541,747
26 Term 572,591 580,525 617,458
Federal agency and
government-sponsored
enterprises
27 Overnight and continuing 234,669 248,413 236,666
28 Term 167,974 167,477 177,049
Mortgage-backed securities
29 Overnight and continuing 288,665 286,742 285,270
30 Term 122,101 127,225 131,364
Corporate securities
31 Overnight and continuing 97,931 100,801 109,269
32 Term 14,398 17,993 17,912
MEMO
Repurchase agreements
33 Overnight and continuing 1,010,207 1,044,255 1,024,379
34 Term 854,628 872,476 922,916
2002, week ending
Item, by type of security Feb. 27 Mar. 6 Mar. 13
Net Outright Positions (2)
1 U.S. Treasury bills 35,459 29,365 28,240
Treasury coupon securities
by maturity
2 Three years or less -26,162 -25,054 -25,831
3 More than three years but
less than or equal to
six years -23,869 -26,630 -33,222
4 More than six but less
than or equal to eleven
years -13,353 -15,694 -19,007
5 More than eleven 11,791 10,973 9,360
6 Inflation-indexed 3,358 3,235 3,980
Federal agency and
government-sponsored
enterprises
7 Discount notes 49,300 39,201 48,806
Coupon securities, by
maturity
8 Three years or less 11,775 8,144 9,985
9 More than three years
but less than or equal
to six years 2,817 -1,979 248
10 More than six but less
than or equal to
eleven years 1,248 869 1,601
11 More than eleven 3,571 3,155 3,006
12 Mortgage-backed 202 -3,110 7,207
Corporate securities
13 One year or less 19,184 21,379 21,638
14 More than one year 37,172 38,416 41,053
Financing (3)
Securities in, U.S. Treasury
15 Overnight and continuing 551,470 560,526 569,429
16 Term 635,463 634,291 687,783
Federal agency and
government-sponsored
enterprises
17 Overnight and continuing 131,699 145,325 139,231
18 Term 228,884 225,478 237,047
Mortgage-backed securities
19 Overnight and continuing 38,201 40,355 39,769
20 Term 216,524 217,717 220,960
Corporate securities
21 Overnight and continuing 42,354 43,808 44,549
22 Term 21,483 21,768 21,594
MEMO
Reverse repurchase
agreements
23 Overnight and continuing 395,633 401,710 404,460
24 Term 970,575 972,051 1,033,257
Securities out, U.S.
Treasury
25 Overnight and continuing 578,501 556,471 552,577
26 Term 551,633 559,003 612,452
Federal agency and
government-sponsored
enterprises
27 Overnight and continuing 242,416 238,684 230,978
28 Term 168,268 170,434 182,742
Mortgage-backed securities
29 Overnight and continuing 290,597 266,431 294,422
30 Term 126,382 131,224 133,294
Corporate securities
31 Overnight and continuing 103,742 100,217 105,171
32 Term 18,234 17,913 19,233
MEMO
Repurchase agreements
33 Overnight and continuing 1,071,774 1,017,584 1,041,599
34 Term 843,039 857,963 926,003
2002, week ending
Item, by type of security Mar. 20 Mar. 27 Apr. 3
Net Outright Positions (2)
1 U.S. Treasury bills 24,139 18,274 49,095
Treasury coupon securities
by maturity
2 Three years or less -21,968 -25,092 -24,615
3 More than three years but
less than or equal to
six years -34,689 -34,535 -35,061
4 More than six but less
than or equal to eleven
years -15,430 -16,278 -17,398
5 More than eleven 5,014 5,348 6,615
6 Inflation-indexed 4,292 3,560 2,761
Federal agency and
government-sponsored
enterprises
7 Discount notes 46,367 42,397 43,709
Coupon securities, by
maturity
8 Three years or less 8,167 7,840 10,368
9 More than three years
but less than or equal
to six years -555 1,524 524
10 More than six but less
than or equal to
eleven years 1,637 4,756 4,107
11 More than eleven 2,123 1,930 1,679
12 Mortgage-backed 9,355 13,369 11,154
Corporate securities
13 One year or less 23,988 21,021 25,566
14 More than one year 43,072 46,209 44,704
Financing (3)
Securities in, U.S. Treasury
15 Overnight and continuing 565,327 547,750 563,375
16 Term 704,872 719,354 653,865
Federal agency and
government-sponsored
enterprises
17 Overnight and continuing 145,875 139,946 146,552
18 Term 225,162 231,595 244,205
Mortgage-backed securities
19 Overnight and continuing 33,249 27,560 28,429
20 Term 217,599 214,309 218,400
Corporate securities
21 Overnight and continuing 44,718 44,613 45,226
22 Term 22,106 22,181 22,553
MEMO
Reverse repurchase
agreements
23 Overnight and continuing 399,789 390,382 382,713
24 Term 1,037,880 1,045,210 1,013,590
Securities out, U.S.
Treasury
25 Overnight and continuing 541,628 525,884 528,676
26 Term 639,945 656,622 606,014
Federal agency and
government-sponsored
enterprises
27 Overnight and continuing 235,112 236,720 246,218
28 Term 172,942 171,138 194,537
Mortgage-backed securities
29 Overnight and continuing 292,810 288,682 278,345
30 Term 134,162 127,550 129,977
Corporate securities
31 Overnight and continuing 116,078 109,750 117,261
32 Term 17,016 17,563 17,780
MEMO
Repurchase agreements
33 Overnight and continuing 1,033,480 1,009,422 1,014,688
34 Term 944,365 951,094 928,093
2002, week ending
Item, by type of security Apr. 10 Apr. 17
Net Outright
Positions (2)
1 U.S. Treasury bills 50,904 35,473
Treasury coupon securities
by maturity
2 Three years or less -25,689 -23,849
3 More than three years but
less than or equal to
six years -34,418 -32,028
4 More than six but less
than or equal to eleven
years -16,414 -19,356
5 More than eleven 7,531 8,237
6 Inflation-indexed 2,516 3,633
Federal agency and
government-sponsored
enterprises
7 Discount notes 41,901 41,761
Coupon securities, by
maturity
8 Three years or less 13,112 10,950
9 More than three years
but less than or equal
to six years 3,817 3,770
10 More than six but less
than or equal to
eleven years 2,879 4,170
11 More than eleven 2,028 1,895
12 Mortgage-backed 9,598 9,101
Corporate securities
13 One year or less 24,110 24,391
14 More than one year 48,692 44,164
Financing (3)
Securities in, U.S. Treasury
15 Overnight and continuing 542,945 556,094
16 Term 709,499 737,230
Federal agency and
government-sponsored
enterprises
17 Overnight and continuing 158,010 156,175
18 Term 252,620 257,406
Mortgage-backed securities
19 Overnight and continuing 32,354 33,285
20 Term 227,691 222,742
Corporate securities
21 Overnight and continuing 45,693 46,193
22 Term 22,643 22,288
MEMO
Reverse repurchase
agreements
23 Overnight and continuing 372,588 383,924
24 Term 1,085,830 1,111,235
Securities out, U.S.
Treasury
25 Overnight and continuing 532,861 529,215
26 Term 653,758 682,354
Federal agency and
government-sponsored
enterprises
27 Overnight and continuing 259,862 266,751
28 Term 207,408 213,399
Mortgage-backed securities
29 Overnight and continuing 270,840 314,099
30 Term 146,433 139,321
Corporate securities
31 Overnight and continuing 115,882 119,754
32 Term 17,528 18,975
MEMO
Repurchase agreements
33 Overnight and continuing 1,023,015 1,071,491
34 Term 1,004,041 1,031,826
(1.) Data for positions and financing are obtained from reports
submitted to the Federal Reserve Bank of New York by the U.S.
government securities dealers on its published list of primary
dealers. Weekly figures are close-of-business Wednesday data.
Positions for calendar days of the report week are assumed to be
constant. Monthly averages are based on the number of calendar
days in the month.
(2.) Net outright positions include all U.S. government, federal
agency, government-sponsored enterprise, mortgage-backed, and
corporate securities scheduled for immediate and forward delivery,
as well as U.S. government securities traded on a when-issued basis
between the announcement and issue date.
(3.) Figures cover financing U.S. government, federal agency,
government-sponsored enterprise, mortgage-backed, and corporate
securities. Financing transactions for Treasury inflation-indexed
securities (TIIS) are reported in actual funds paid or received,
except for pledged securities. TIIS that are issued as pledged
securities are reported at par value, which is the value of the
security at original issuance (unadjusted for inflation).
NOTE. Major changes in the report form filed by primary dealers
included a break in many series as of the week ending July 4, 2001.
Current weekly data may be found at the Federal Reserve Bank of
New York web site (http://www.newyorkfed.org/pihome/statistics) under
the Primary Dealer heading.
1.44 FEDERAL AND FEDERALLY SPONSORED CREDIT AGENCIES Debt Outstanding
Millions of dollars, end of period
Agency 1998 1999 2000
1 Federal and federally sponsored
agencies 1,296,477 1,616,492 1,851,632
2 Federal agencies 26,502 26,376 25,666
3 Defense Department (1) 6 6 6
4 Export-Import Bank (2),(3) n.a. n.a. n.a.
5 Federal Housing
Administration (4) 205 126 255
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 26,496 26,370 25,660
9 United States Railway
Association (6) n.a. n.a. n.a.
10 Federally sponsored agencies (7) 1,269,975 1,590,116 1,825,966
11 Federal Home Loan Banks 382,131 529,005 594,404
12 Federal Home Loan Mortgage
Corporation 287,396 360,711 426,899
13 Federal National Mortgage
Association 460,291 547,619 642,700
14 Farm Credit Banks (8) 63,488 68,883 74,181
15 Student Loan Marketing
Association (9) 35,399 41,988 45,375
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) 44,129 42,152 40,575
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 9,500 6,665 5,275
26 Rural Electrification
Administration 14,091 14,085 13,126
27 Other 20,538 21,402 22,174
2001
Agency 2001 Oct. Nov.
1 Federal and federally sponsored
agencies n.a. 26,781 n.a.
2 Federal agencies 276 6 275
3 Defense Department (1) 6 n.a. 6
4 Export-Import Bank (2),(3) n.a. 252 n.a.
5 Federal Housing
Administration (4) 26,828 n.a. 26,655
6 Government National Mortgage
Association certificates of
participation (5) n.a. n.a. n.a.
7 Postal Service (6) n.a. 26,775 n.a.
8 Tennessee Valley Authority 270 n.a. 269
9 United States Railway
Association (6) n.a. n.a. n.a.
10 Federally sponsored agencies (7) 2,120,781 2,053,686 2,071,168
11 Federal Home Loan Banks 623,740 618,071 617,146
12 Federal Home Loan Mortgage
Corporation 565,071 540,371 546,566
13 Federal National Mortgage
Association 763,500 726,200 737,500
14 Farm Credit Banks (8) 76,673 76,339 75,815
15 Student Loan Marketing
Association (9) 48,350 50,075 51,494
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) 39,096 40,574 40,485
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 13,876 13,698 13,822
27 Other 25,220 26,876 26,663
2001 2002
Agency Dec. Jan. Feb.
1 Federal and federally sponsored
agencies n.a. n.a. n.a.
2 Federal agencies 276 290 169
3 Defense Department (1) 6 6 6
4 Export-Import Bank (2),(3) n.a. n.a. n.a.
5 Federal Housing
Administration (4) 26,828 26,741 26,431
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 270 284 163
9 United States Railway
Association (6) n.a. n.a. n.a.
10 Federally sponsored agencies (7) 2,120,781 n.a. n.a.
11 Federal Home Loan Banks 623,740 623,990 619,541
12 Federal Home Loan Mortgage
Corporation 565,071 571,867 584,476
13 Federal National Mortgage
Association 763,500 760,500 765,200
14 Farm Credit Banks (8) 76,673 76,494 76,929
15 Student Loan Marketing
Association (9) 48,350 49,400 50,500
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) 39,096 38,140 39,144
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 13,876 13,982 14,015
27 Other 25,220 24,158 25,129
(1.) Consists of mortgages assumed by the Defense Department between
1957 and 1963 under family housing and homeowners assistance programs.
(2.) Includes participation certificates reclassified as debt
beginning Oct. 1, 1976.
(3.) On-budget since Sept. 30, 1976.
(4.) Consists of debentures issued in payment of Federal Housing
Administration insurance claims. Once issued, these securities
may be sold privately on the securities market.
(5.) Certificates of participation issued before fiscal year 1969 by
the Government National Mortgage Association acting as trustee for the
Farmers Home Administration; the Department of Health, Education, and
Welfare; the Department of Housing and Urban Development; the Small
Business Administration; and the Veterans Administration.
(6.) Off-budget.
(7.) Includes outstanding noncontingent liabilities: notes, bonds, and
debentures. Includes Federal Agriculture Mortgage Corporation;
therefore, details do not sum to total. Some data are estimated.
(8.) Excludes borrowing by the Farm Credit Financial Assistance
Corporation, which is shown on line 17.
(9.) Before late 1982, the association obtained financing through the
Federal Financing Bank (FFB). Borrowing excludes that obtained from the
FFB, which is shown on line 22.
(10.) The Financing Corporation, established in August 1987 to
recapitalize the Federal Savings and Loan Insurance Corporation,
undertook its first borrowing in October 1987.
(11.) The Farm Credit Financial Assistance Corporation, established in
January 1988 to provide assistance to the Farm Credit System, undertook
its first borrowing in July 1988.
(12.) The Resolution Funding Corporation, established by the Financial
Institutions Reform, Recovery, and Enforcement Act of 1989, undertook
its first borrowing in October 1989.
(13.) The FFB, which began operations in 1974, is authorized to
purchase or sell obligations issued, sold, or guaranteed by other
federal agencies. Because FFB incurs debt solely for the purpose of
lending to other agencies, its debt is not included in the main
portion of the table to avoid double counting.
(14.) Includes FFB purchases of agency assets and guaranteed loans; the
latter are loans guaranteed by numerous agencies, with the amounts
guaranteed by any one agency generally being small. The Farmers Home
Administration entry consists exclusively of agency assets, whereas
the Rural Electrification Administration entry consists of both agency
assets and guaranteed loans.
Securities Markets and Corporate Finance
1.45 NEW SECURITY ISSUES Tax-Exempt State and Local Governments
Millions of dollars
2001
Type of issue or issuer,
or use 1999 2000 2001 Sept.
1 All issues, new and
refunding (1) 215,427 180,403 270,566 13,159
By type of issue
2 General obligation 73,808 64,475 100,519 3,926
3 Revenue 142,120 115,928 170,047 9,233
By type of issuer
4 State 16,376 19,944 30,099 1,504
5 Special district or statutory
authority (2) 152,418 111,695 281,427 9,137
6 Municipality, county, or
township 46,634 39,273 61,040 2,518
7 Issues for new capital 161,065 154,257 192,161 10,110
By use of proceeds
8 Education 36,563 38,665 50,054 3,017
9 Transportation 17,394 19,730 21,411 1,195
10 Utilities and conservation 15,098 11,917 21,917 1,025
11 Social welfare n.a. n.a. n.a. n.a.
12 Industrial aid 9,099 7,122 6,607 663
13 Other purposes 47,896 47,309 55,733 1,732
2001
Type of issue or issuer,
or use Oct. Nov. Dec. Jan.
1 All issues, new and
refunding (1) 30,446 30,105 28,363 20,523
By type of issue
2 General obligation 14,302 10,163 9,218 8,157
3 Revenue 16,144 19,942 19,146 12,366
By type of issuer
4 State 6,008 2,271 746 1,826
5 Special district or statutory
authority (2) 17,382 21,601 22,525 14,369
6 Municipality, county, or
township 7,056 6,233 5,093 4,329
7 Issues for new capital 21,249 21,009 21,389 14,631
By use of proceeds
8 Education 4,279 4,475 4,818 4,138
9 Transportation 1,587 2,882 1,349 1,079
10 Utilities and conservation 2,324 2,429 2,560 1,711
11 Social welfare n.a. n.a. n.a. n.a.
12 Industrial aid 688 359 1,642 539
13 Other purposes 9,158 5,281 6,319 4,639
2002
Type of issue or issuer,
or use Feb. Mar. Apr.
1 All issues, new and
refunding (1) 20,175 23,842 23,261
By type of issue
2 General obligation 8,652 10,269 8,559
3 Revenue 11,523 13,574 14,702
By type of issuer
4 State 3,238 3,265 3,057
5 Special district or statutory
authority (2) 11,950 15,479 15,520
6 Municipality, county, or
township 4,987 5,098 4,683
7 Issues for new capital 13,248 16,856 17,115
By use of proceeds
8 Education 3,961 5,484 5,279
9 Transportation 613 1,633 773
10 Utilities and conservation 1,606 1,290 2,091
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 125 515 344
13 Other purposes 4,897 4,894 6,784
(1.) Par amounts of long-term issues based on date of sale.
(2.) Includes school districts.
SOURCE. Securities Data Company beginning January 1990;
Investment Dealer's Digest before then.
1.46 NEW SECURITY ISSUES U.S. Corporations
Millions of dollars
Type of issue, offering,
or issuer 1999 2000 2001
1 All issues (1) 1,072,866 942,198 1,382,003
2 Bonds (2) 941,298 807,281 1,253,449
By type of offering
3 Sold in the United
States 818,683 684,484 1,197,060
4 Sold abroad 122,615 122,798 56,389
MEMO
5 Private placements,
domestic 24,703 18,370 8,734
By industry group
6 Nonfinancial 293,963 242,207 445,930
7 Financial 647,335 565,074 807,519
8 Stocks (3) 244,308 (r) 320,357 (r) 228,554 (r)
By type of offering
9 Public 131,568 134,917 128,554
10 Private placement (4) 112,740 (r) 185,440 (r) 100,000
By industry group
11 Nonfinancial 110,284 118,369 77,577
12 Financial 21,284 16,548 50,977
2001
Type of issue, offering,
or issuer Aug. Sept. Oct.
1 All issues (1) 97,944 89,855 139,181
2 Bonds (2) 89,990 84,509 123,346
By type of offering
3 Sold in the United
States 86,759 80,223 120,162
4 Sold abroad 3,231 4,286 3,185
MEMO
5 Private placements,
domestic 48 0 224
By industry group
6 Nonfinancial 28,546 31,920 43,830
7 Financial 61,443 52,589 79,517
8 Stocks (3) 16,287 (r) 13,679 (r) 24,168 (r)
By type of offering
9 Public 7,954 5,346 15,835
10 Private placement (4) 8,333 8,333 8,333
By industry group
11 Nonfinancial 5,487 81 7,611
12 Financial 2,467 5,265 8,224
2001 2002
Type of issue, offering,
or issuer Nov. Dec. Jan.
1 All issues (1) 123,517 96,576 102,688
2 Bonds (2) 110,888 81,339 88,241
By type of offering
3 Sold in the United
States 106,563 79,636 79,472
4 Sold abroad 4,326 1,703 8,770
MEMO
5 Private placements,
domestic 4,936 2,880 0
By industry group
6 Nonfinancial 42,189 21,647 18,894
7 Financial 68,699 59,692 69,348
8 Stocks (3) 20,962 (r) 23,570 (r) 14,447
By type of offering
9 Public 12,629 15,237 14,447
10 Private placement (4) 8,333 8,333 n.a.
By industry group
11 Nonfinancial 7,592 7,771 9,579
12 Financial 5,037 7,466 4,868
2002
Type of issue, offering,
or issuer Feb. Mar.
1 All issues (1) 86,090 158,904
2 Bonds (2) 79,515 145,984
By type of offering
3 Sold in the United
States 73,474 128,026
4 Sold abroad 6,041 17,958
MEMO
5 Private placements,
domestic 0 0
By industry group
6 Nonfinancial 30,770 43,231
7 Financial 48,746 102,753
8 Stocks (3) 6,575 12,920
By type of offering
9 Public 6,575 12,920
10 Private placement (4) n.a. n.a.
By industry group
11 Nonfinancial 4,024 4,893
12 Financial 2,551 8,027
(1.) Figures represent gross proceeds of issues maturing in more
than one year; they are the principal amount or number of units
calculated by multiplying by the offering price. Figures exclude
secondary offerings, employee stock plans, investment companies
other than closed-end, intracorporate transactions, and Yankee
bonds. Stock data include ownership securities issued by
limited partnerships.
(2.) Monthly data include 144(a) offerings.
(3.) Monthly data cover only public offerings.
(4.) Data are not available.
SOURCE. Securities Data Company and the Board of Governors
of the Federal Reserve System.
1.47 OPEN-END INVESTMENT COMPANIES Net Sales and Assets (1)
Millions of dollars
2001
Item 2000 2001 Sept. Oct.
1 Sales of own shares
(2) 2,279,315 1,806,474 105,038 153,827
2 Redemptions of own
shares 2,057,277 1,677,266 127,995 137,837
3 Net sales (3) 222,038 129,208 -22,957 15,990
4 Assets (4) 5,123,747 4,689,624 4,253,850 4,376,923
5 Cash (5) 277,386 219,620 223,077 229,576
6 Other 4,846,361 4,470,004 4,030,773 4,147,347
2001 2002
Item Nov. Dec. Jan. Feb.
1 Sales of own shares
(2) 147,192 151,779 171,499 141,463
2 Redemptions of own
shares 124,060 149,705 138,773 123,013
3 Net sales (3) 23,132 2,074 32,726 18,450
4 Assets (4) 4,625,601 4,689,624 4,667,688 4,623,041
5 Cash (5) 239,671 219,620 240,141 234,510
6 Other 4,385,930 4,470,004 4,427,547 4,388,531
2002
Item Mar. (r) Apr.
1 Sales of own shares
(2) 170,326 163,387
2 Redemptions of own
shares 130,661 140,658
3 Net sales (3) 39,665 22,729
4 Assets (4) 4,814,961 4,703,614
5 Cash (5) 241,078 248,173
6 Other 4,573,883 4,455,441
(1.) Data include stock, hybrid, and bond mutual funds and exclude
money market mutual funds.
(2.) Excludes reinvestment of net income dividends and capital gains
distributions and share issue of conversions from one fund to another
in the same group.
(3.) Excludes sales and redemptions resulting from transfers of shares
into or out of money market mutual funds within the same fund family.
(4.) Market value at end of period, less current liabilities.
(5.) Includes all U.S. Treasury securities and other short-term debt
securities.
SOURCE. Investment Company Institute. Data based on reports of
membership, which comprises substantially all open-end investment
companies registered with the Securities and Exchange Commission. Data
reflect underwritings of newly formed companies after their initial
offering of securities.
1.51 DOMESTIC FINANCE COMPANIES Assets and Liabilities (1)
Billions of dollars, end of period; not seasonally adjusted
2002
2001
Account 1999 2000 (r) Q3 Q4
ASSETS
1 Accounts
receivable,
gross (2) 845.4 958.6 970.7 939.9 958.6
2 Consumer 304.4 327.9 340.0 331.5 327.9
3 Business 395.1 458.4 447.0 443.0 458.4
4 Real estate 145.8 172.3 183.7 165.4 172.3
5 Less: Reserves for
unearned
income 61.4 69.7 60.4 68.3 69.7
6 Reserves for
losses 14.7 16.7 20.9 15.6 16.7
7 Accounts
receivable, net 769.3 872.2 889.4 856.1 872.2
8 All other 406.6 461.5 501.2 442.3 461.5
9 Total assets 1,175.9 1,333.7 1,390.6 1,298.4 1,333.7
LIABILITIES AND
CAPITAL
10 Bank loans 35.4 35.9 50.8 35.7 35.9
11 Commercial paper 230.4 238.8 158.6 218.8 238.8
Debt
12 Owed to parent 87.8 102.5 99.3 100.0 102.5
13 Not elsewhere
classified 429.9 502.2 567.6 507.3 502.2
14 All other
liabilities 237.8 301.8 325.7 288.1 301.8
15 Capital, surplus,
and undivided
profits 154.5 152.5 188.7 148.5 152.5
16 Total liabilities
and capital 1,175.9 1,333.7 1,390.6 1,298.4 1,333.7
2001 2002
Account Q1 Q2 Q3 Q4 (r) Q1
ASSETS
1 Accounts
receivable,
gross (2) 954.4 988.7 967.7 970.7 926.5
2 Consumer 319.2 324.5 329.2 340.0 329.8
3 Business 459.1 481.9 451.1 447.0 443.0
4 Real estate 176.1 182.3 187.4 183.7 153.8
5 Less: Reserves for
unearned
income 69.9 61.5 60.8 60.4 59.1
6 Reserves for
losses 17.2 17.4 18.0 20.9 21.3
7 Accounts
receivable, net 867.3 909.7 888.9 889.4 846.0
8 All other 474.8 459.0 478.8 501.2 520.6
9 Total assets 1,342.1 1,368.7 1,367.7 1,390.6 1,366.6
LIABILITIES AND
CAPITAL
10 Bank loans 41.6 45.3 44.5 50.8 49.4
11 Commercial paper 180.9 181.6 171.0 158.6 137.0
Debt
12 Owed to parent 97.2 93.4 91.7 99.3 82.6
13 Not elsewhere
classified 533.8 542.1 555.8 567.6 572.8
14 All other
liabilities 325.1 336.3 327.6 325.7 327.9
15 Capital, surplus,
and undivided
profits 163.5 170.0 177.2 188.7 197.0
16 Total liabilities
and capital 1,342.1 1,368.7 1,367.7 1,390.6 1,366.6
(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.
1.52 DOMESTIC FINANCE COMPANIES Owned and Managed Receivables (1)
Billions of dollars, amounts outstanding
Type of credit 1999 2000 2001
Seasonally adjusted
1 Total 1,031.2 1,186.9 1,252.3 (r)
2 Consumer 410.2 465.2 514.6 (r)
3 Real estate 174.0 198.9 211.6
4 Business 446.9 522.8 526.2
Not seasonally adjusted
5 Total 1,036.4 1,192.1 1,257.6 (r)
6 Consumer 412.7 468.3 518.1 (r)
7 Motor vehicle loans 129.2 141.6 173.9
8 Motor vehicle leases 102.9 108.2 103.5
9 Revolving (2) 32.5 37.6 31.5
10 Other (3) 39.8 40.7 31.1
Securitized assets (4)
11 Motor vehicle loans 73.1 97.1 131.9
12 Motor vehicle leases 9.7 6.6 6.8
13 Revolving 6.7 19.6 25.0 (r)
14 Other 18.8 17.1 14.3
15 Real estate 174.0 198.9 211.6
16 One- to four-family 108.2 130.6 142.5
17 Other 37.6 41.7 41.2
Securitized real
estate assets (4)
18 One- to four-family 28.0 24.7 22.2
19 Other .2 1.9 5.7
20 Business 449.6 525.0 527.9
21 Motor vehicles 69.4 75.5 54.0
22 Retail loans 21.1 18.3 16.1
23 Wholesale loans (5) 34.8 39.7 20.3
24 Leases 13.6 17.6 17.6
25 Equipment 238.7 283.5 289.4
26 Loans 64.5 70.2 77.8
27 Leases 174.2 213.3 211.6
28 Other business
receivables (6) 87.0 99.4 103.5
Securitized assets (4)
29 Motor vehicles 31.5 37.8 50.1
30 Retail loans 2.9 3.2 5.1
31 Wholesale loans 26.4 32.5 42.5
32 Leases 2.1 2.2 2.5
33 Equipment 14.6 23.1 23.2
34 Loans 7.9 15.5 16.4
35 Leases 6.7 7.6 6.8
36 Other business
receivables (6) 8.4 5.6 7.7
2001
Type of credit Oct. Nov. Dec.
Seasonally adjusted
1 Total 1,256.2 (r) 1,263.9 (r) 1,252.3 (r)
2 Consumer 499.4 511.0 514.6 (r)
3 Real estate 220.7 (r) 215.0 (r) 211.6
4 Business 536.1 537.9 526.2
Not seasonally adjusted
5 Total 1,251.0 (r) 1,258.2 (r) 1,257.6 (r)
6 Consumer 501.1 514.2 518.1 (r)
7 Motor vehicle loans 164.6 177.2 173.9
8 Motor vehicle leases 107.3 105.5 103.5
9 Revolving (2) 28.5 30.2 31.5
10 Other (3) 31.2 31.4 31.1
Securitized assets (4)
11 Motor vehicle loans 124.3 125.0 131.9
12 Motor vehicle leases 6.9 7.0 6.8
13 Revolving 23.5 23.4 25.0 (r)
14 Other 14.8 14.5 14.3
15 Real estate 220.7 (r) 215.0 (r) 211.6
16 One- to four-family 150.1 142.9 142.5
17 Other 44.1 44.9 41.2
Securitized real
estate assets (4)
18 One- to four-family 22.7 22.4 22.2
19 Other 3.8 (r) 4.8 (r) 5.7
20 Business 529.3 529.0 527.9
21 Motor vehicles 52.7 52.9 54.0
22 Retail loans 16.8 16.2 16.1
23 Wholesale loans (5) 18.7 19.5 20.3
24 Leases 17.2 17.2 17.6
25 Equipment 294.4 291.8 289.4
26 Loans 80.2 76.7 77.8
27 Leases 214.1 215.1 211.6
28 Other business
receivables (6) 108.3 110.8 103.5
Securitized assets (4)
29 Motor vehicles 45.3 43.9 50.1
30 Retail loans 2.4 3.0 5.1
31 Wholesale loans 40.3 38.3 42.5
32 Leases 2.7 2.7 2.5
33 Equipment 22.5 23.4 23.2
34 Loans 14.5 15.5 16.4
35 Leases 8.0 7.9 6.8
36 Other business
receivables (6) 6.1 6.2 7.7
2002
Type of credit Jan. (r) Feb. (r) Mar.
Seasonally adjusted
1 Total 1,237.2 1,243.9 1,235.5
2 Consumer 512.1 519.3 517.8
3 Real estate 203.1 200.4 195.0
4 Business 522.0 524.1 522.7
Not seasonally adjusted
5 Total 1,241.1 1,245.1 1,240.2
6 Consumer 512.8 517.6 513.4
7 Motor vehicle loans 168.9 172.5 171.9
8 Motor vehicle leases 102.4 101.2 97.5
9 Revolving (2) 29.8 28.8 27.9
10 Other (3) 31.4 31.8 32.4
Securitized assets (4)
11 Motor vehicle loans 135.1 136.8 137.8
12 Motor vehicle leases 6.7 6.6 6.5
13 Revolving 24.6 26.0 25.8
14 Other 13.8 13.9 13.6
15 Real estate 203.1 200.4 195.0
16 One- to four-family 118.3 118.7 117.0
17 Other 40.2 38.8 36.8
Securitized real
estate assets (4)
18 One- to four-family 40.3 40.1 39.8
19 Other 4.3 2.8 1.4
20 Business 525.2 527.0 531.9
21 Motor vehicles 51.9 54.3 58.0
22 Retail loans 16.3 16.7 17.1
23 Wholesale loans (5) 18.0 20.1 22.8
24 Leases 17.6 17.5 18.0
25 Equipment 287.3 285.5 284.2
26 Loans 78.0 78.7 81.5
27 Leases 209.3 206.7 202.7
28 Other business
receivables (6) 103.7 100.8 100.8
Securitized assets (4)
29 Motor vehicles 48.4 45.4 44.0
30 Retail loans 4.0 3.1 2.3
31 Wholesale loans 41.9 39.6 39.0
32 Leases 2.6 2.7 2.7
33 Equipment 22.3 25.5 25.4
34 Loans 15.5 18.6 18.5
35 Leases 6.8 6.8 6.9
36 Other business
receivables (6) 11.6 15.6 19.5
NOTE. This table has been revised to incorporate several changes
resulting from the benchmarking of finance company receivables to
the June 1996 Survey of Finance Companies. In that benchmark survey,
and in the monthly surveys that have followed, more detailed
breakdowns have been obtained for some components. In addition,
previously unavailable data on securitized real estate loans are
now included in this table. The new information has resulted in
some reclassification of receivables among the three major categories
(consumer, real estate, and business) and in discontinuities in some
component series between May and June 1996.
Includes finance company subsidiaries of bank holding companies but
not of retailers and banks. Data in this table also appear in the
Board's G.20 (422) monthly statistical release. For ordering address,
see inside front cover.
(1.) Owned receivables are those carried on the balance sheet of the
institution. Managed receivables are outstanding balances of pools
upon which securities have been issued; these balances are no longer
carried on the balance sheets of the loan originator. Data are shown
before deductions for unearned income and losses. Components may not
sum to totals because of rounding.
(2.) Excludes revolving credit reported as held by depository
institutions that are subsidiaries of finance companies.
(3.) Includes personal cash loans, mobile home loans, and loans to
purchase other types of consumer goods, such as appliances, apparel,
boats, and recreation vehicles.
(4.) Outstanding balances of pools upon which securities have been
issued; these balances are no longer carried on the balance sheets
of the loan originator.
(5.) Credit arising from transactions between manufacturers and
dealers, that is, floor plan financing.
(6.) Includes loans on commercial accounts receivable, factored
commercial accounts, and receivable dealer capital; small loans used
primarily for business or farm purposes; and wholesale and lease
paper for mobile homes, campers, and travel trailers.
Real Estate
1.53 MORTGAGE MARKETS Mortgages on New Homes
Millions of dollars except as noted
2001
Item 1999 2000 2001 Oct.
Terms and yields in primary
and secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of
dollars) 210.7 234.5 245.0 242.9
2 Amount of loan (thousands of
dollars) 161.7 177.0 184.2 181.2
3 Loan-to-price ratio
(percent) 78.7 77.4 77.3 76.9
4 Maturity (years) 28.8 29.2 28.8 28.5
5 Fees and charges (percent of
loan amount) (2) .77 .70 .67 .67
Yield (percent per year)
6 Contract rate (1) 6.94 7.41 6.90 6.63
7 Effective rate (1),(3) 7.06 7.52 7.00 6.73
8 Contract rate (HUD series)
(4) 7.45 n.a. n.a. n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section
203) (5) 7.74 n.a. n.a. n.a.
10 GNMA securities (6) 7.03 7.57 6.36 5.86
Activity in secondary markets
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
Mortgage holdings (end of
period)
11 Total 523,941 610,122 n.a. n.a.
12 FHA/VA insured 55,318 61,539 n.a. n.a.
13 Conventional 468,623 548,583 n.a. n.a.
14 Mortgage transactions
purchased (during period) 195,210 154,231 270,384 20,020
Mortgage commitments
(during period)
15 Issued (7) 187,948 163,689 304,084 35,275
16 To sell (8) 5,900 11,786 7,586 1,676
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage holdings (end of
period) (8)
17 Total 324,443 385,693 491,719 477,588
18 FHA/VA insured 1,836 3,332 3,506 2,553
19 Conventional 322,607 382,361 488,213 475,035
Mortgage transactions
(during period)
20 Purchases 239,793 174,043 n.a. n.a.
21 Sales 233,031 166,901 389,611 31,646
22 Mortgage commitments
contracted (during
period) (9) 228,432 169,231 417,434 41,346
2001 2002
Item Nov. Dec. Jan. Feb.
Terms and yields in primary
and secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of
dollars) 252.2 253.0 245.8 250.6
2 Amount of loan (thousands of
dollars) 189.1 190.0 186.7 190.1
3 Loan-to-price ratio
(percent) 77.2 77.2 78.1 78.2
4 Maturity (years) 28.6 28.9 28.8 28.8
5 Fees and charges (percent of
loan amount) (2) .63 .69 .66 .62
Yield (percent per year)
6 Contract rate (1) 6.54 6.68 6.77 6.72
7 Effective rate (1),(3) 6.63 6.79 6.87 6.82
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) 5.96 6.43 6.32 6.13
Activity in secondary markets
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
Mortgage holdings (end of
period)
11 Total n.a. n.a. n.a. n.a.
12 FHA/VA insured n.a. n.a. n.a. n.a.
13 Conventional n.a. n.a. n.a. n.a.
14 Mortgage transactions
purchased (during period) 25,389 36,769 36,392 33,249
Mortgage commitments
(during period)
15 Issued (7) 49,909 19,867 21,544 19,321
16 To sell (8) 807 2,083 255 1,419
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage holdings (end of
period) (8)
17 Total 483,911 491,719 508,238 522,886
18 FHA/VA insured 3,562 3,506 3,447 3,387
19 Conventional 480,349 488,213 504,791 519,499
Mortgage transactions
(during period)
20 Purchases n.a. n.a. n.a. n.a.
21 Sales 38,958 50,532 49,031 47,473
22 Mortgage commitments
contracted (during
period) (9) 42,619 51,456 47,076 41,442
2002
Item Mar. Apr.
Terms and yields
in primary and
secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of
dollars) 255.6 262.9
2 Amount of loan (thousands of
dollars) 193.3 198.9
3 Loan-to-price ratio
(percent) 78.2 77.7
4 Maturity (years) 29.1 28.8
5 Fees and charges (percent of
loan amount) (2) .62 .64
Yield (percent per year)
6 Contract rate (1) 6.66 6.65
7 Effective rate (1),(3) 6.76 6.74
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) 6.50 6.33
Activity in
secondary markets
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
Mortgage holdings (end of
period)
11 Total n.a. n.a.
12 FHA/VA insured n.a. n.a.
13 Conventional n.a. n.a.
14 Mortgage transactions
purchased (during period) 21,305 23,175
Mortgage commitments
(during period)
15 Issued (7) 13,340 n.a.
16 To sell (8) 1,748 n.a.
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage holdings (end of
period) (8)
17 Total 526,107 521,611
18 FHA/VA insured 3,332 3,267
19 Conventional 522,775 518,344
Mortgage transactions
(during period)
20 Purchases n.a. n.a.
21 Sales 42,545 40,704
22 Mortgage commitments
contracted (during
period) (9) 41,561 36,368
(1.) Weighted averages based on sample surveys of mortgages originated
by major institutional lender groups for purchase of newly built
homes; compiled by the Federal Housing Finance Board in cooperation
with the Federal Deposit Insurance Corporation.
(2.) Includes all fees, commissions, discounts, and "points" paid (by
the borrower or the seller) to obtain a loan.
(3.) Average effective interest rate on loans closed for purchase of
newly built homes, assuming prepayment at the end of ten years.
(4.) Average contract rate on new commitments for conventional first
mortgages; from U.S. Department of Housing and Urban Development (HUD).
Based on transactions on the first day of the subsequent month.
(5.) Average gross yield on thirty-year, minimum-downpayment first
mortgages insured by the Federal Housing Administration (FHA) for
immediate delivery in the private secondary market. Based on
transactions on first day of subsequent month.
(6.) Average net yields to investors on fully modified pass-through
securities backed by mortgages and guaranteed by the Government
National Mortgage Association (GNMA), assuming prepayment in twelve
years on pools of thirty-year mortgages insured by the Federal
Housing Administration or guaranteed by the Department of Veterans
Affairs.
(7.) Does not include standby commitments issued, but includes
standby commitments converted.
(8.) Includes participation loans as well as whole loans.
(9.) Includes conventional and government-underwritten loans. The
Federal Home Loan Mortgage Corporation's mortgage commitments and
mortgage transactions include activity under mortgage securities
swap programs, whereas the corresponding data for the Federal
National Mortgage Association exclude swap activity.
1.54 MORTGAGE DEBT OUTSTANDING (1)
Millions of dollars, end of period
Type of holder and property 1998 1999
1 All holders 5,718,477 (r) 6,325,012 (r)
By type of property
2 One- to four-family residences 4,367,356 (r) 4,792,280 (r)
3 Multifamily residences 332,605 (r) 371,242 (r)
4 Nonfarm, nonresidential 922,009 (r) 1,058,528 (r)
5 Farm 96,506 102,962
By type of holder
6 Major financial institutions 2,195,869 2,396,265
7 Commercial banks (2) 1,338,273 1,496,844
8 One- to four-family 798,009 880,208
9 Multifamily 54,174 67,666
10 Nonfarm, nonresidential 457,054 517,130
11 Farm 29,035 31,839
12 Savings institutions (3) 643,957 668,634
13 One- to four-family 533,895 549,046
14 Multifamily 56,847 59,168
15 Nonfarm, nonresidential 52,798 59,945
16 Farm 417 475
17 Life insurance companies 213,640 230,787
18 One- to four-family 6,590 5,934
19 Multifamily 31,522 32,818
20 Nonfarm nonresidential 164,004 179,048
21 Farm 11,524 12,987
22 Federal and related agencies 293,602 322,132
23 Government National Mortgage
Association 7 7
24 One- to four-family 7 7
25 Multifamily 0 0
26 Farmers Home
Administration (4) 40,851 73,871
27 One- to four-family 16,895 16,506
28 Multifamily 11,739 11,741
29 Nonfarm, nonresidential 7,705 41,355
30 Farm 4,513 4,268
31 Federal Housing Admin. and
Department of Veterans
Affairs 3,674 3,712
32 One- to four-family 1,849 1,851
33 Multifamily 1,825 1,861
34 Resolution Trust Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm, nonresidential 0 0
38 Farm 0 0
39 Federal Deposit Insurance
Corporation 361 152
40 One- to four-family 58 25
41 Multifamily 70 29
42 Nonfarm, nonresidential 233 98
43 Farm 0 0
44 Federal National Mortgage
Association 157,675 151,500
45 One- to four-family 147,594 141,195
46 Multifamily 10,081 10,305
47 Federal Land Banks 32,983 34,187
48 One- to four-family 1,941 2,012
49 Farm 0 0
50 Federal Home Loan Mortgage
Corporation 57,085 56,676
51 One- to four-family 49,106 44,321
52 Multifamily 7,979 12,355
53 Mortgage pools or trusts (5) 2,581,297 (r) 2,948,245 (r)
54 Government National Mortgage
Association 537,446 582,263
55 One- to four-family 522,498 565,189
56 Multifamily 14,948 17,074
57 Federal Home Loan Mortgage
Corporation 646,459 749,081
58 One- to four-family 643,465 744,619
59 Multifamily 2,994 4,462
60 Federal National Mortgage
Association 834,517 960,883
61 One- to four-family 804,204 924,941
62 Multifamily 30,313 35,942
63 Farmers Home
Administration (4) 1 0
64 One- to four-family 0 0
65 Multifamily 0 0
66 Nonfarm, nonresidential 0 0
67 Farm 1 0
68 Private mortgage conduits 562,874 (r) 656,018 (r)
69 One- to four-family (6) 405,153 455,021
70 Multifamily 33,784 42,293
71 Nonfarm, nonresidential 123,937 (r) 158,704 (r)
72 Farm 0 0
73 Individuals and others (7) 647,709 (r) 658,371 (r)
74 One- to four-family 435,138 (r) 459,609 (r)
75 Multifamily 76,320 (r) 75,297 (r)
76 Nonfarm, nonresidential 116,277 (r) 102,248 (r)
77 Farm 19,974 21,217
2001
Type of holder and property 2000 Q1
1 All holders 6,887,458 (r) 7,011,255 (r)
By type of property
2 One- to four-family residences 5,205,588 (r) 5,300,170 (r)
3 Multifamily residences 406,189 (r) 415,235 (r)
4 Nonfarm, nonresidential 1,166,846 (r) 1,185,977 (r)
5 Farm 108,836 109,873
By type of holder
6 Major financial institutions 2,620,886 2,664,837
7 Commercial banks (2) 1,661,411 1,688,673
8 One- to four-family 966,502 978,144
9 Multifamily 77,821 79,890
10 Nonfarm, nonresidential 583,071 596,405
11 Farm 34,016 34,234
12 Savings institutions (3) 723,534 741,114
13 One- to four-family 595,053 608,289
14 Multifamily 61,094 62,666
15 Nonfarm, nonresidential 66,852 69,589
16 Farm 535 569
17 Life insurance companies 235,941 235,050
18 One- to four-family 4,903 4,877
19 Multifamily 33,681 33,557
20 Nonfarm nonresidential 183,757 183,078
21 Farm 13,600 13,538
22 Federal and related agencies 343,962 347,463 (r)
23 Government National Mortgage
Association 6 6
24 One- to four-family 6 6
25 Multifamily 0 0
26 Farmers Home
Administration (4) 73,323 73,361
27 One- to four-family 16,372 16,297
28 Multifamily 11,733 11,725
29 Nonfarm, nonresidential 41,070 41,247
30 Farm 4,148 4,093
31 Federal Housing Admin. and
Department of Veterans
Affairs 3,507 2,873
32 One- to four-family 1,308 1,276
33 Multifamily 2,199 1,597
34 Resolution Trust Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm, nonresidential 0 0
38 Farm 0 0
39 Federal Deposit Insurance
Corporation 45 50
40 One- to four-family 7 8
41 Multifamily 9 10
42 Nonfarm, nonresidential 29 32
43 Farm 0 0
44 Federal National Mortgage
Association 155,363 157,481 (r)
45 One- to four-family 144,150 145,014
46 Multifamily 11,213 12,467 (r)
47 Federal Land Banks 36,326 37,072
48 One- to four-family 2,137 2,181
49 Farm 0 0
50 Federal Home Loan Mortgage
Corporation 59,240 60,110
51 One- to four-family 42,871 42,771
52 Multifamily 16,369 17,339
53 Mortgage pools or trusts (5) 3,231,415 (r) 3,300,561 (r)
54 Government National Mortgage
Association 611,553 601,523
55 One- to four-family 592,624 581,743
56 Multifamily 18,929 19,780
57 Federal Home Loan Mortgage
Corporation 822,310 833,616
58 One- to four-family 816,602 827,769
59 Multifamily 5,708 5,847
60 Federal National Mortgage
Association 1,057,750 1,099,049
61 One- to four-family 1,016,398 1,055,412
62 Multifamily 41,352 43,637
63 Farmers Home
Administration (4) 0 0
64 One- to four-family 0 0
65 Multifamily 0 0
66 Nonfarm, nonresidential 0 0
67 Farm 0 0
68 Private mortgage conduits 739,802 (r) 766,373 (r)
69 One- to four-family (6) 499,834 523,300
70 Multifamily 48,786 49,007 (r)
71 Nonfarm, nonresidential 191,182 (r) 194,066 (r)
72 Farm 0 0
73 Individuals and others (7) 691,196 (r) 698,394 (r)
74 One- to four-family 490,890 (r) 496,778 (r)
75 Multifamily 77,074 (r) 77,509 (r)
76 Nonfarm, nonresidential 100,884 (r) 101,559 (r)
77 Farm 22,348 22,547
2001
Type of holder and property Q2 Q3
1 All holders 7,217,523 (r) 7,410,814 (r)
By type of property
2 One- to four-family residences 5,460,014 (r) 5,602,177 (r)
3 Multifamily residences 426,896 (r) 440,658 (r)
4 Nonfarm, nonresidential 1,217,562 (r) 1,253,314 (r)
5 Farm 113,050 114,665
By type of holder
6 Major financial institutions 2,716,269 2,737,607
7 Commercial banks (2) 1,727,463 1,740,321
8 One- to four-family 999,396 989,081
9 Multifamily 80,542 84,051
10 Nonfarm, nonresidential 612,366 631,757
11 Farm 35,159 35,432
12 Savings institutions (3) 751,660 758,343
13 One- to four-family 616,506 620,882
14 Multifamily 63,193 64,193
15 Nonfarm, nonresidential 71,378 72,695
16 Farm 583 574
17 Life insurance companies 237,146 238,943
18 One- to four-family 5,003 5,085
19 Multifamily 33,842 33,842
20 Nonfarm nonresidential 184,634 186,235
21 Farm 13,667 13,781
22 Federal and related agencies 356,817 (r) 363,001 (r)
23 Government National Mortgage
Association 6 9
24 One- to four-family 6 9
25 Multifamily 0 0
26 Farmers Home
Administration (4) 73,206 72,118
27 One- to four-family 16,153 15,916
28 Multifamily 11,720 11,710
29 Nonfarm, nonresidential 41,262 40,470
30 Farm 4,072 4,023
31 Federal Housing Admin. and
Department of Veterans
Affairs 2,918 3,155
32 One- to four-family 1,267 1,251
33 Multifamily 1,651 1,904
34 Resolution Trust Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm, nonresidential 0 0
38 Farm 0 0
39 Federal Deposit Insurance
Corporation 24 26
40 One- to four-family 4 4
41 Multifamily 5 5
42 Nonfarm, nonresidential 15 17
43 Farm 0 0
44 Federal National Mortgage
Association 160,820 (r) 165,687 (r)
45 One- to four-family 147,730 151,786
46 Multifamily 13,090 (r) 13,901 (r)
47 Federal Land Banks 38,686 39,722
48 One- to four-family 2,276 2,337
49 Farm 0 0
50 Federal Home Loan Mortgage
Corporation 61,542 59,638
51 One- to four-family 42,537 39,217
52 Multifamily 19,005 20,421
53 Mortgage pools or trusts (5) 3,432,654 (r) 3,583,079 (r)
54 Government National Mortgage
Association 598,019 (r) 603,186 (r)
55 One- to four-family 577,228 (r) 581,796 (r)
56 Multifamily 20,792 21,391
57 Federal Home Loan Mortgage
Corporation 873,750 927,490
58 One- to four-family 867,924 921,709
59 Multifamily 5,826 5,781
60 Federal National Mortgage
Association 1,163,978 1,228,131
61 One- to four-family 1,116,534 1,177,995
62 Multifamily 47,444 50,136
63 Farmers Home
Administration (4) 0 0
64 One- to four-family 0 0
65 Multifamily 0 0
66 Nonfarm, nonresidential 0 0
67 Farm 0 0
68 Private mortgage conduits 796,907 (r) 824,272 (r)
69 One- to four-family (6) 539,200 550,039 (r)
70 Multifamily 50,836 (r) 53,627 (r)
71 Nonfarm, nonresidential 206,871 (r) 220,606 (r)
72 Farm 0 0
73 Individuals and others (7) 711,784 (r) 727,126 (r)
74 One- to four-family 508,826 (r) 522,597 (r)
75 Multifamily 78,764 (r) 79,524 (r)
76 Nonfarm, nonresidential 101,035 (r) 101,534 (r)
77 Farm 23,160 23,471
2001 2002
Type of holder and property Q4 Q1 (p)
1 All holders 7,596,130 (r) 7,752,769
By type of property
2 One- to four-family residences 5,740,121 (r) 5,871,807
3 Multifamily residences 453,424 (r) 461,574
4 Nonfarm, nonresidential 1,286,358 (r) 1,301,486
5 Farm 116,227 (r) 117,902
By type of holder
6 Major financial institutions 2,792,907 (r) 2,789,210
7 Commercial banks (2) 1,793,061 1,802,265
8 One- to four-family 1,024,842 1,019,408
9 Multifamily 84,981 86,826
10 Nonfarm, nonresidential 647,669 660,052
11 Farm 35,569 35,978
12 Savings institutions (3) 758,109 745,915
13 One- to four-family 620,975 605,494
14 Multifamily 64,323 65,002
15 Nonfarm, nonresidential 72,275 74,863
16 Farm 536 557
17 Life insurance companies 241,737 (r) 241,030
18 One- to four-family 5,144 (r) 5,129
19 Multifamily 34,488 (r) 34,387
20 Nonfarm nonresidential 188,165 (r) 187,615
21 Farm 13,940 (r) 13,899
22 Federal and related agencies 376,969 (r) 385,027
23 Government National Mortgage
Association 8 8
24 One- to four-family 8 8
25 Multifamily 0 0
26 Farmers Home
Administration (4) 72,452 72,362
27 One- to four-family 15,824 15,665
28 Multifamily 11,712 11,707
29 Nonfarm, nonresidential 40,965 41,134
30 Farm 3,952 3,855
31 Federal Housing Admin. and
Department of Veterans
Affairs 3,290 3,361
32 One- to four-family 1,260 1,255
33 Multifamily 2,031 2,105
34 Resolution Trust Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm, nonresidential 0 0
38 Farm 0 0
39 Federal Deposit Insurance
Corporation 13 7
40 One- to four-family 2 1
41 Multifamily 3 1
42 Nonfarm, nonresidential 8 4
43 Farm 0 0
44 Federal National Mortgage
Association 169,908 (r) 176,051
45 One- to four-family 155,060 160,300
46 Multifamily 14,848 (r) 15,751
47 Federal Land Banks 40,855 (r) 41,981
48 One- to four-family 2,404 (r) 2,470
49 Farm 0 0
50 Federal Home Loan Mortgage
Corporation 62,792 (r) 59,624
51 One- to four-family 40,309 (r) 35,955
52 Multifamily 22,483 23,669
53 Mortgage pools or trusts (5) 3,697,560 (r) 3,871,461
54 Government National Mortgage
Association 591,368 (r) 587,631
55 One- to four-family 569,460 (r) 564,535
56 Multifamily 21,908 23,096
57 Federal Home Loan Mortgage
Corporation 948,409 1,012,478
58 One- to four-family 940,933 1,005,136
59 Multifamily 7,476 7,342
60 Federal National Mortgage
Association 1,290,351 1,355,404
61 One- to four-family 1,238,125 1,301,374
62 Multifamily 52,226 54,030
63 Farmers Home
Administration (4) 0 0
64 One- to four-family 0 0
65 Multifamily 0 0
66 Nonfarm, nonresidential 0 0
67 Farm 0 0
68 Private mortgage conduits 867,432 (r) 915,948
69 One- to four-family (6) 574,500 618,400
70 Multifamily 56,910 (r) 57,808
71 Nonfarm, nonresidential 236,022 (r) 239,740
72 Farm 0 0
73 Individuals and others (7) 728,693 (r) 707,071
74 One- to four-family 523,781 (r) 505,183
75 Multifamily 79,880 (r) 79,709
76 Nonfarm, nonresidential 101,254 (r) 98,078
77 Farm 23,779 (r) 24,102
(1.) Multifamily debt refers to loans on structures of five or more
units.
(2.) Includes loans held by nondeposit trust companies but not loans
held by bank trust departments.
(3.) Includes savings banks and savings and loan associations.
(4.) FmHA-guaranteed securities sold to the Federal Financing Bank
were reallocated from FmHA mortgage pools to FmHA mortgage holdings
in 1986:Q4 because of accounting changes by the Farmers Home
Administration.
(5.) Outstanding principal balances of mortgage-backed securities
insured or guaranteed by the agency indicated.
(6.) Includes securitized home equity loans.
(7.) Other holders include mortgage companies, real estate investment
trusts, state and local credit agencies, state and local retirement
funds, noninsured pension funds, credit unions, and finance companies.
SOURCE. Based on data from various institutional and government
sources. Separation of nonfarm mortgage debt by type of property, if
not reported directly, and interpolations and extrapolations, when
required for some quarters, are estimated in part by the Federal
Reserve. Line 69 from Inside Mortgage Securities and other sources.
Consumer Credit
1.55 CONSUMER CREDIT (1)
Millions of dollars, amounts outstanding, end of period
Holder and type of credit 1999 2000 2001 (r)
Seasonally adjusted
1 Total 1,416,316 1,560,571 1,669,283
2 Revolving 597,669 666,544 702,073
3 Nonrevolving (2) 818,647 894,027 967,210
Not seasonally adjusted
4 Total 1,446,127 1,593,051 1,703,291
By major holder
5 Commercial banks 499,758 541,470 558,023
6 Finance companies 201,549 219,783 236,511
7 Credit unions 167,921 184,434 189,570
8 Savings institutions 61,527 64,557 69,070
9 Nonfinancial business 80,311 82,662 67,939
10 Pools of securitized
assets (3) 435,061 500,145 582,178
By major type of credit (4)
11 Revolving 621,914 692,955 729,581
12 Commercial banks 189,352 218,063 224,486
13 Finance companies 32,483 37,561 31,484
14 Credit unions 20,641 22,226 22,265
15 Savings institutions 15,838 16,560 17,767
16 Nonfinancial business 42,783 42,430 29,790
17 Pools of securitized
assets (3) 320,817 356,114 403,789
18 Nonrevolving 824,213 900,095 973,710
19 Commercial banks 310,406 323,407 333,537
20 Finance companies 169,066 182,221 205,027
21 Credit unions 147,280 162,208 167,305
22 Savings institutions 45,689 47,997 51,303
23 Nonfinancial business 37,528 40,232 38,149
24 Pools of securitized
assets (3) 114,244 144,031 178,389
2001
Holder and type of credit Oct. (r) Nov. (r) Dec. (r)
Seasonally adjusted
1 Total 1,664,735 1,665,354 1,669,283
2 Revolving 700,062 707,332 702,073
3 Nonrevolving (2) 944,673 958,022 967,210
Not seasonally adjusted
4 Total 1,664,581 1,672,897 1,703,291
By major holder
5 Commercial banks 540,503 550,083 558,023
6 Finance companies 224,260 238,850 236,511
7 Credit unions 187,671 188,730 189,570
8 Savings institutions 68,715 68,890 69,070
9 Nonfinancial business 58,763 60,384 67,939
10 Pools of securitized
assets (3) 564,669 565,961 582,178
By major type of credit (4)
11 Revolving 693,916 706,955 729,581
12 Commercial banks 209,703 219,566 224,486
13 Finance companies 28,489 30,245 31,484
14 Credit unions 21,314 21,597 22,265
15 Savings institutions 17,202 17,480 17,767
16 Nonfinancial business 23,709 24,463 29,790
17 Pools of securitized
assets (3) 393,499 393,605 403,789
18 Nonrevolving 950,665 965,942 973,710
19 Commercial banks 330,800 330,517 333,537
20 Finance companies 195,771 208,605 205,027
21 Credit unions 166,357 167,133 167,305
22 Savings institutions 51,513 51,410 51,303
23 Nonfinancial business 35,054 35,921 38,149
24 Pools of securitized
assets (3) 171,170 172,356 178,389
2002
Holder and type of credit Jan. (r) Feb. (r) Mar.
Seasonally adjusted
1 Total 1,675,493 1,682,482 1,689,252
2 Revolving 703,639 704,950 707,336
3 Nonrevolving (2) 971,854 977,531 981,916
Not seasonally adjusted
4 Total 1,688,710 1,679,719 1,678,071
By major holder
5 Commercial banks 557,190 552,066 550,809
6 Finance companies 230,055 233,166 232,264
7 Credit unions 188,126 186,509 186,476
8 Savings institutions 68,906 68,758 68,595
9 Nonfinancial business 63,183 59,073 58,102
10 Pools of securitized
assets (3) 581,250 580,147 581,825
By major type of credit (4)
11 Revolving 715,205 705,813 701,107
12 Commercial banks 218,979 217,513 216,291
13 Finance companies 29,762 28,844 27,918
14 Credit unions 21,516 21,250 20,813
15 Savings institutions 17,498 17,256 16,988
16 Nonfinancial business 26,280 23,041 22,402
17 Pools of securitized
assets (3) 401,170 397,909 396,695
18 Nonrevolving 973,506 973,906 976,964
19 Commercial banks 338,212 334,553 334,518
20 Finance companies 200,294 204,322 204,346
21 Credit unions 166,610 165,259 165,663
22 Savings institutions 51,408 51,502 51,607
23 Nonfinancial business 36,903 36,031 35,699
24 Pools of securitized
assets (3) 180,080 182,238 185,131
(1.) The Board's series on amounts of credit covers most short- and
intermediate-term credit extended to individuals, excluding loans
secured by real estate. Data in this table also appear in the Board's
G.19 (421) monthly statistical release. For ordering address, see
inside front cover.
(2.) Comprises motor vehicle loans, mobile home loans, and all other
loans that are not included in revolving credit, such as loans for
education, boats, trailers, or vacations. These loans may be secured
or unsecured.
(3.) Outstanding balances of pools upon which securities have been
issued; these balances are no longer carried on the balance sheets
of the loan originator.
(4.) Totals include estimates for certain holders for which only
consumer credit totals are available.
1.56 TERMS OF CONSUMER CREDIT (1)
Percent per year except as noted
2001
Item 1999 2000 2001 Sept. Oct.
INTEREST RATES
Commercial banks (2)
1 48-month new car 8.44 9.34 8.50 n.a. n.a.
2 24-month personal 13.39 13.90 13.22 n.a. n.a.
Credit card plan
3 All accounts 15.21 15.71 14.89 n.a. n.a.
4 Accounts assessed
interest 14.81 14.91 14.44 n.a. n.a.
Auto finance companies
5 New car 6.66 6.61 5.65 5.42 2.71
6 Used car 12.60 13.55 12.18 12.01 11.41
OTHER TERMS (3)
Maturity (months)
7 New car 52.7 54.9 55.1 57.2 53.7
8 Used car 55.9 57.0 57.5 57.6 57.2
Loan-to-value ratio
9 New car 92 92 91 92 94
10 Used car 99 99 100 101 100
Amount financed
(dollars)
11 New car 19,880 20,923 22,822 23,049 24,443
12 Used car 13,642 14,058 14,416 14,408 14,627
2001 2002
Item Nov. Dec. Jan. Feb. Mar.
INTEREST RATES
Commercial banks (2)
1 48-month new car 7.86 n.a. n.a. 7.50 n.a.
2 24-month personal 12.62 n.a. n.a. 11.72 n.a.
Credit card plan
3 All accounts 14.22 n.a. n.a. 13.65 n.a.
4 Accounts assessed
interest 13.88 n.a. n.a. 12.98 n.a.
Auto finance companies
5 New car 2.89 3.31 4.02 n.a. n.a.
6 Used car 10.96 10.89 10.84 n.a. n.a.
OTHER TERMS (3)
Maturity (months)
7 New car 51.0 48.6 48.8 56.4 56.4
8 Used car 56.7 56.5 57.3 57.8 57.7
Loan-to-value ratio
9 New car 92 91 90 89 90
10 Used car 100 100 100 100 100
Amount financed
(dollars)
11 New car 24,934 24,812 24,137 22,741 23,065
12 Used car 14,669 14,653 14,355 14,049 14,149
(1.) The Board's series on amounts of credit covers most short- and
intermediate-term credit extended to individuals. Data in this table
also appear in the Board's G.19 (421) monthly statistical release.
For ordering address, see inside front cover.
(2.) Data are available for only the second month of each quarter.
(3.) At auto finance companies.
Flow of Funds
1.57 FUNDS RAISED IN U.S. CREDIT MARKETS (1)
Billions of dollars; quarterly data at seasonally adjusted annual rates
Transaction category
or sector 1996 1997 1998
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 733.6 (r) 804.7 1,042.9 (r)
By sector and instrument 144.9 (r) 23.1 -52.6
2 Federal government 146.6 23.2 -54.6
3 Treasury securities -1.6 -.1 2.0
4 Budget agency securities
and mortgages 588.6 781.6 1,095.5 (r)
5 Nonfederal
By instrument
6 Commercial paper -.9 13.7 24.4
7 Municipal securities and
loans 2.6 71.4 96.8
8 Corporate bonds 116.3 150.5 218.7
9 Bank loans n.e.c. 70.4 106.4 108.1
10 Other loans and advances 28.7 59.5 82.1
11 Mortgages 280.4 322.5 490.4 (r)
12 Home 245.7 258.3 387.2 (r)
13 Multifamily
residential 9.4 7.5 22.2 (r)
14 Commercial 22.6 53.5 74.5 (r)
15 Farm 2.7 3.1 6.5
16 Consumer credit 91.3 57.5 75.0
By borrowing sector
17 Household 343.8 332.7 454.4 (r)
18 Nonfinancial business 251.6 392.8 560.8 (r)
19 Corporate 179.4 291.9 393.1 (r)
20 Nonfarm noncorporate 67.3 94.7 159.7 (r)
21 Farm 4.9 6.2 8.0
22 State and local
government -6.8 56.1 80.3
23 Foreign net borrowing in
United States 88.4 71.8 43.4
24 Commercial paper 11.3 3.7 7.8
25 Bonds 67.0 61.4 34.9
26 Bank loans n.e.c. 9.1 8.5 6.7
27 Other loans and advances 1.0 -1.8 -6.0
28 Total domestic plus
foreign 822.0 876.5 1,086.3 (r)
Financial sectors
29 Total net borrowing by
financial sectors 550.1 662.2 1,087.2
By instrument
30 Federal government-related 231.4 212.9 470.9
31 Government-sponsored
enterprise securities 90.4 98.4 278.3
32 Mortgage pool securities 141.0 114.6 192.6
33 Loans from U.S.
government .0 .0 .0
34 Private 318.7 449.3 616.3
35 Open market paper 92.2 166.7 161.0
36 Corporate bonds 178.1 218.9 310.1
37 Bank loans n.e.c. 12.6 13.3 30.1
38 Other loans and advances 27.9 35.6 90.2
39 Mortgages 7.9 14.9 24.8
By borrowing sector
40 Commercial banking 13.0 46.1 72.9
41 Savings institutions 25.5 19.7 52.2
42 Credit unions .1 .1 .6
43 Life insurance companies 1.1 .2 .7
44 Government-sponsored
enterprises 90.4 98.4 278.3
45 Federally related mortgage
pools 141.0 114.6 192.6
46 Issuers of asset-backed
securities (ABSs) 150.8 202.2 321.4
47 Finance companies 50.6 57.8 57.1
48 Mortgage companies 4.1 -4.6 1.6
49 Real estate investment
trusts (REITs) 11.9 39.6 62.7
50 Brokers and dealers -2.0 8.1 7.2
51 Funding corporations 63.8 79.9 40.0
All sectors
52 Total net borrowing, all
sectors 1,372.0 (r) 1,538.7 2,173.4 (r)
53 Open market paper 102.6 184.1 193.1
54 U.S. government securities 376.3 236.0 418.3
55 Municipal securities 2.6 71.4 96.8
56 Corporate and foreign
bonds 361.3 430.8 563.7
57 Bank loans n.e.c. 92.1 128.2 145.0
58 Other loans and advances 57.7 93.2 166.3
59 Mortgages 288.2 337.4 515.2 (r)
60 Consumer credit 91.3 57.5 75.0
Funds raised through mutual
funds and corporate equities
61 Total net issues 232.9 185.3 (r) 113.7
62 Corporate equities -4.7 -79.9 -165.8
63 Nonfinancial
corporations -69.5 -114.4 -267.0
64 Foreign shares purchased
by U.S. residents 82.8 57.6 101.3
65 Financial corporations -18.1 -23.0 (r) -.1
66 Mutual fund shares 237.6 265.1 279.5
2000
Transaction category
or sector 1999 2000 Q3
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 1,069.4 (r) 861.8 (r) 810.8 (r)
By sector and instrument -71.2 -295.9 -226.2
2 Federal government -71.0 -294.9 -223.8
3 Treasury securities -.2 -1.0 -2.4
4 Budget agency securities
and mortgages 1,140.6 (r) 1,157.6 (r) 1,037.0 (r)
5 Nonfederal
By instrument
6 Commercial paper 37.4 48.1 56.1
7 Municipal securities and
loans 68.2 35.3 31.0
8 Corporate bonds 229.9 171.1 168.8
9 Bank loans n.e.c. 82.6 103.1 47.0
10 Other loans and advances 57.1 101.5 16.5
11 Mortgages 565.9 (r) 559.6 (r) 563.8 (r)
12 Home 424.8 (r) 416.5 (r) 438.0 (r)
13 Multifamily
residential 36.4 (r) 34.5 (r) 27.0 (r)
14 Commercial 98.9 (r) 102.1 (r) 92.3 (r)
15 Farm 5.8 6.5 6.5
16 Consumer credit 99.5 139.0 153.8
By borrowing sector
17 Household 501.6 (r) 545.9 (r) 573.2 (r)
18 Nonfinancial business 586.6 (r) 584.6 (r) 440.0 (r)
19 Corporate 398.7 (r) 403.0 (r) 278.8 (r)
20 Nonfarm noncorporate 182.4 (r) 170.7 (r) 154.1 (r)
21 Farm 5.5 10.9 7.2
22 State and local
government 52.3 27.2 23.8
23 Foreign net borrowing in
United States 27.9 67.0 88.6
24 Commercial paper 16.3 31.7 7.0
25 Bonds 16.8 25.2 71.4
26 Bank loans n.e.c. .5 11.3 11.9
27 Other loans and advances -5.7 -1.3 -1.7
28 Total domestic plus
foreign 1,097.3 (r) 928.7 (r) 899.4 (r)
Financial sectors
29 Total net borrowing by
financial sectors 1,084.4 815.6 794.0
By instrument
30 Federal government-related 592.0 433.5 514.8
31 Government-sponsored
enterprise securities 318.2 234.1 278.1
32 Mortgage pool securities 273.8 199.4 236.7
33 Loans from U.S.
government .0 .0 .0
34 Private 492.5 382.1 279.2
35 Open market paper 176.2 127.7 106.5
36 Corporate bonds 218.2 205.9 205.0
37 Bank loans n.e.c. -14.2 -.3 -6.7
38 Other loans and advances 107.1 42.5 -31.6
39 Mortgages 5.1 6.2 6.0
By borrowing sector
40 Commercial banking 67.2 60.0 43.4
41 Savings institutions 48.0 27.3 -37.9
42 Credit unions 2.2 .0 1.1
43 Life insurance companies .7 -.7 -.3
44 Government-sponsored
enterprises 318.2 234.1 278.1
45 Federally related mortgage
pools 273.8 199.4 236.7
46 Issuers of asset-backed
securities (ABSs) 223.4 196.3 156.2
47 Finance companies 70.3 81.2 98.1
48 Mortgage companies .2 .1 -.3
49 Real estate investment
trusts (REITs) 6.3 2.7 -2.4
50 Brokers and dealers -17.2 15.6 25.4
51 Funding corporations 91.5 -.4 -4.2
All sectors
52 Total net borrowing, all
sectors 2,181.7 (r) 1,744.3 (r) 1,693.4 (r)
53 Open market paper 229.9 207.5 169.7
54 U.S. government securities 520.7 137.6 288.6
55 Municipal securities 68.2 35.3 31.0
56 Corporate and foreign
bonds 465.0 402.2 445.2
57 Bank loans n.e.c. 68.9 114.1 52.2
58 Other loans and advances 158.5 142.7 -16.8
59 Mortgages 571.0 (r) 565.8 (r) 569.8
60 Consumer credit 99.5 139.0 153.8
Funds raised through mutual funds
and corporate equities
61 Total net issues 156.6 193.3 (r) 224.7 (r)
62 Corporate equities -34.6 -41.7 (r) -50.4 (r)
63 Nonfinancial
corporations -143.5 -159.7 -87.8
64 Foreign shares purchased
by U.S. residents 114.4 99.7 61.1
65 Financial corporations -5.5 (r) 18.3 (r) -23.7 (r)
66 Mutual fund shares 191.2 235.0 275.1
2000 2001
Transaction category
or sector Q4 Q1 Q2 (r)
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 758.0 (r) 974.1 (r) 985.4
By sector and instrument -331.3 -4.3 -256.0
2 Federal government -330.2 -2.1 -257.1
3 Treasury securities -1.2 -2.2 1.1
4 Budget agency securities
and mortgages 1,089.3 (r) 978.4 (r) 1,241.4
5 Nonfederal
By instrument
6 Commercial paper -4.0 -199.2 -133.4
7 Municipal securities and
loans 60.1 110.7 -112.4
8 Corporate bonds 175.6 399.5 419.5
9 Bank loans n.e.c. 59.3 -16.0 (r) -144.1
10 Other loans and advances 125.2 -12.6 118.2
11 Mortgages 542.4 (r) 551.5 (r) 792.8
12 Home 390.5 (r) 429.9 (r) 623.1
13 Multifamily
residential 39.8 (r) 34.3 (r) 45.3
14 Commercial 110.1 (r) 83.0 (r) 112.0
15 Farm 2.0 4.3 (r) 12.3
16 Consumer credit 130.7 144.5 (r) 76.0
By borrowing sector
17 Household 500.7 (r) 520.4 (r) 667.6
18 Nonfinancial business 534.9 (r) 354.2 (r) 465.2
19 Corporate 362.9 (r) 186.6 (r) 284.4
20 Nonfarm noncorporate 159.2 (r) 161.6 (r) 170.9
21 Farm 12.8 5.9 (r) 9.9
22 State and local
government 53.7 103.9 108.7
23 Foreign net borrowing in
United States 66.8 8.7 (r) -53.4
24 Commercial paper 50.1 -26.5 -6.7
25 Bonds 9.0 33.3 (r) -15.9
26 Bank loans n.e.c. 12.2 13.6 (r) -31.6
27 Other loans and advances -4.6 -11.6 .7
28 Total domestic plus
foreign 824.8 (r) 982.8 (r) 932.0
Financial sectors
29 Total net borrowing by
financial sectors 963.1 862.7 (r) 796.9
By instrument
30 Federal government-related 613.6 432.6 674.6
31 Government-sponsored
enterprise securities 304.5 262.3 268.3
32 Mortgage pool securities 309.1 170.3 406.2
33 Loans from U.S.
government .0 .0 .0
34 Private 349.5 430.1 (r) 122.3
35 Open market paper 153.2 -134.6 -85.4
36 Corporate bonds 203.7 437.4 (r) 188.3
37 Bank loans n.e.c. -4.4 27.0 (r) 14.2
38 Other loans and advances -4.8 107.8 -11.0
39 Mortgages 1.8 -7.5 16.2
By borrowing sector
40 Commercial banking 18.8 148.3 -15.8
41 Savings institutions 20.4 62.4 (r) 16.0
42 Credit unions 1.0 -.6 .8
43 Life insurance companies -.7 -2.4 .1
44 Government-sponsored
enterprises 304.5 262.3 268.3
45 Federally related mortgage
pools 309.1 170.3 406.2
46 Issuers of asset-backed
securities (ABSs) 307.9 295.8 172.3
47 Finance companies 26.1 -72.8 64.1
48 Mortgage companies 1.0 .7 .6
49 Real estate investment
trusts (REITs) -8.1 -6.1 10.5
50 Brokers and dealers -6.6 -23.7 (r) 35.6
51 Funding corporations -10.4 28.6 (r) -162.0
All sectors
52 Total net borrowing, all
sectors 1,787.8 (r) 1,845.5 1,728.8
53 Open market paper 199.3 -360.2 -225.5
54 U.S. government securities 282.2 428.2 418.5
55 Municipal securities 60.1 110.7 112.4
56 Corporate and foreign
bonds 388.3 870.2 591.9
57 Bank loans n.e.c. 67.1 24.6 161.5
58 Other loans and advances 115.8 83.6 107.9
59 Mortgages 544.2 (r) 544.0 809.0
60 Consumer credit 130.7 144.5 76.0
Funds raised through mutual
funds and corporate equities
61 Total net issues -35.1 (r) 240.0 411.7
62 Corporate equities -184.6 (r) 143.2 128.7
63 Nonfinancial
corporations -367.5 -25.2 -70.9
64 Foreign shares purchased
by U.S. residents 89.4 109.2 220.3
65 Financial corporations 93.4 (r) 59.1 -20.7
66 Mutual fund shares 149.5 96.8 283.0
2001 2002
Transaction category
or sector Q3 Q4 (r) Q1
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 1,328.5 (r) 1,127.0 999.4
By sector and instrument 255.7 -17.6 112.0
2 Federal government 256.0 -16.9 113.8
3 Treasury securities -.4 -.7 -1.8
4 Budget agency securities
and mortgages 1,072.8 (r) 1,144.6 887.4
5 Nonfederal
By instrument
6 Commercial paper -66.1 45.5 -155.7
7 Municipal securities and
loans 56.0 191.1 78.7
8 Corporate bonds 187.9 323.8 233.8
9 Bank loans n.e.c. -5.4 (r) -183.8 -15.4
10 Other loans and advances 81.9 -108.9 -25.6
11 Mortgages 747.8 (r) 727.2 691.7
12 Home 538.9 (r) 541.5 593.6
13 Multifamily
residential 56.3 (r) 51.9 30.3
14 Commercial 146.0 (r) 127.8 61.2
15 Farm 6.7 (r) 6.1 6.6
16 Consumer credit 70.6 (r) 149.9 79.9
By borrowing sector
17 Household 648.6 (r) 622.0 695.8
18 Nonfinancial business 381.2 (r) 365.2 127.4
19 Corporate 223.9 (r) 214.2 12.6
20 Nonfarm noncorporate 153.9 (r) 140.8 109.6
21 Farm 3.4 10.2 5.2
22 State and local
government 43.0 157.5 64.2
23 Foreign net borrowing in
United States -102.8 12.1 49.4
24 Commercial paper -27.6 3.9 66.6
25 Bonds -78.8 27.4 -16.1
26 Bank loans n.e.c. 4.4 -16.3 14.1
27 Other loans and advances -.8 -2.9 -15.2
28 Total domestic plus
foreign 1,225.7 (r) 1,139.1 1,048.8
Financial sectors
29 Total net borrowing by
financial sectors 1,108.5 (r) 949.4 933.3
By instrument
30 Federal government-related 818.4 (r) 591.8 692.8
31 Government-sponsored
enterprise securities 326.2 306.5 191.3
32 Mortgage pool securities 492.2 (r) 285.3 501.5
33 Loans from U.S.
government .0 .0 .0
34 Private 290.1 (r) 357.6 240.5
35 Open market paper -85.6 58.2 -244.4
36 Corporate bonds 326.7 (r) 295.3 457.9
37 Bank loans n.e.c. -7.1 (r) 21.0 3.1
38 Other loans and advances 58.0 -15.3 17.3
39 Mortgages -1.9 -1.6 6.6
By borrowing sector
40 Commercial banking 59.0 19.9 39.1
41 Savings institutions 19.4 (r) -68.1 -25.7
42 Credit unions 1.5 4.4 2.4
43 Life insurance companies 3.5 1.4 2.4
44 Government-sponsored
enterprises 326.2 306.5 191.3
45 Federally related mortgage
pools 492.2 (r) 285.3 501.5
46 Issuers of asset-backed
securities (ABSs) 324.3 (r) 360.1 370.0
47 Finance companies 21.5 -12.6 -61.3
48 Mortgage companies .8 .6 .8
49 Real estate investment
trusts (REITs) -2.4 7.8 7.4
50 Brokers and dealers 12.6 -19.0 -10.4
51 Funding corporations -150.2 62.9 -84.1
All sectors
52 Total net borrowing, all
sectors 2,334.2 2,088.5 1,982.1
53 Open market paper -179.3 107.6 -333.5
54 U.S. government securities 1,047.1 574.2 804.8
55 Municipal securities 56.0 191.1 78.7
56 Corporate and foreign
bonds 435.8 646.2 675.6
57 Bank loans n.e.c. -8.0 -179.0 1.7
58 Other loans and advances 139.2 -127.1 -23.4
59 Mortgages 745.9 725.6 698.3
60 Consumer credit 70.6 149.9 79.9
Funds raised through mutual
funds and corporate equities
61 Total net issues 94.6 395.2 389.8
62 Corporate equities -67.9 131.7 31.5
63 Nonfinancial
corporations -126.4 -7.3 20.2
64 Foreign shares purchased
by U.S. residents 36.6 74.7 -26.6
65 Financial corporations 22.0 64.3 37.9
66 Mutual fund shares 162.5 263.6 358.3
(1) Data in this table also appear in th Board's Z.1. (780) quarterly
statistical release, tables F.2 through F4. For ordering address, see
inside front cover.
1.58 SUMMARY OF FINANCIAL TRANSACTIONS (1)
Billions of dollars except as noted; quarterly data at seasonally
adjusted annual rates
Transaction category
or sector 1996 1997 1998
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 1,372.0 (r) 1,538.7 2,173.4 (r)
2 Domestic nonfederal
nonfinancial sectors 73.9 (r) -22.2 173.2 (r)
3 Household 113.9 (r) -12.2 (r) 41.4 (r)
4 Nonfinancial corporate
business -10.2 -12.7 -16.0
5 Nonfarm noncorporate
business 4.0 (r) 2.6 (r) 13.3 (r)
6 State and local
governments -33.7 .1 134.5
7 Federal government -7.2 5.1 13.5
8 Rest of the world 414.4 311.3 254.2
9 Financial sectors 890.9 1,244.5 1,732.5
10 Monetary authority 12.3 38.3 21.1
11 Commercial banking 187.5 324.3 305.2
12 U.S.-chartered banks 119.6 274.9 312.0
13 Foreign banking
offices in United
States 63.3 40.2 -11.9
14 Bank holding companies 3.9 5.4 -.9
15 Banks in U.S.-
affiliated areas .7 3.7 6.0
16 Savings institutions 19.9 -4.7 36.1
17 Credit unions 25.5 16.8 19.0
18 Bank personal trusts and
estates -7.7 -25.0 -12.8
19 Life insurance companies 69.6 104.8 76.9
20 Other insurance
companies 22.5 25.2 5.8
21 Private pension funds -4.1 47.6 -22.8
22 State and local
government retirement
funds 35.8 67.1 72.1
23 Money market mutual
funds 88.8 87.5 244.0
24 Mutual funds 48.9 80.9 127.3
25 Closed-end funds 4.6 -2.5 (r) 5.5
26 Government-sponsored
enterprises 97.4 106.6 314.6
27 Federally related
mortgage pools 141.0 114.6 192.6
28 Asset-backed securities
issuers (ABSs) 120.5 163.8 281.7
29 Finance companies 18.9 23.1 77.3
30 Mortgage companies 8.2 -9.1 3.2
31 Real estate investment
trusts (REITs) 4.4 20.2 -5.1
32 Brokers and dealers -15.7 14.9 6.8
33 Funding corporations 12.6 50.4 -15.8
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit
markets 1,372.0 (r) 1,538.7 2,173.4 (r)
Other financial sources
35 Official foreign exchange -6.3 .7 6.6
36 Special drawing rights
certificates -.5 -.5 .0
37 Treasury currency .5 .5 .6
38 Foreign deposits 85.9 107.7 6.5
39 Net interbank transactions -51.6 -19.7 -32.3
40 Checkable deposits and
currency 15.7 41.2 47.4
41 Small time and savings
deposits 97.2 97.1 152.4
42 Large time deposits 114.0 122.5 92.1
43 Money market fund shares 145.4 155.9 287.2
44 Security repurchase
agreements 41.4 120.9 91.3
45 Corporate equities -4.7 -79.9 -165.8
46 Mutual fund shares 237.6 265.1 279.5
47 Trade payables 123.3 139.7 107.8 (r)
48 Security credit 52.4 111.0 103.3
49 Life insurance reserves 44.5 59.3 48.0
50 Pension fund reserves 148.3 201.4 217.1 (r)
51 Taxes payable 19.5 22.3 19.6 (r)
52 Investment in bank
personal trusts -5.3 -49.9 -41.8
53 Noncorporate proprietors'
equity 5.5 (r) -40.7 (r) -57.8 (r)
54 Miscellaneous 526.1 493.6 978.7 (r)
55 Total financial sources 2,961.1 (r) 3,287.1 (r) 4,313.7 (r)
Liabilities not identified
as assets (-)
56 Treasury currency -.4 -.2 -.1
57 Foreign deposits 59.4 106.2 -8.5
58 Net interbank liabilities -3.3 -19.9 3.4
59 Security repurchase
agreements 2.4 63.2 57.7
60 Taxes payable 23.1 28.0 19.7
61 Miscellaneous -173.7 (r) -244.7 (r) -161.6 (r)
Floats not included in
assets (-)
62 Federal government
checkable deposits .5 -2.7 2.6
63 Other checkable deposits -4.0 -3.9 -3.1
64 Trade credit -25.4 -29.2 -40.9 (r)
65 Total identified to
sectors as assets 3,082.7 (r) 3,390.1 (r) 4,444.6 (r)
2000
Transaction category
or sector 1999 2000 Q3
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 2,181.7 (r) 1,744.3 (r) 1,693.4 (r)
2 Domestic nonfederal
nonfinancial sectors 208.6 (r) -160.2 (r) -240.8 (r)
3 Household 198.8 (r) -175.7 (r) -211.2 (r)
4 Nonfinancial corporate
business -15.6 (r) 17.5 (r) -5.4 (r)
5 Nonfarm noncorporate
business -3.0 (r) -1.2 (r) 2.2 (r)
6 State and local
governments 28.4 (r) -.8 (r) -26.4 (r)
7 Federal government 5.8 7.3 4.5
8 Rest of the world 208.8 279.3 216.2
9 Financial sectors 1,758.5 (r) 1,617.8 (r) 1,713.5 (r)
10 Monetary authority 25.7 33.7 39.1
11 Commercial banking 308.2 358.4 363.2
12 U.S.-chartered banks 317.6 339.8 324.8
13 Foreign banking
offices in United
States -20.1 24.0 32.8
14 Bank holding companies 6.2 -12.2 -6.7
15 Banks in U.S.-
affiliated areas 4.4 6.7 12.3
16 Savings institutions 68.6 56.5 62.7
17 Credit unions 27.5 30.5 21.2
18 Bank personal trusts and
estates 27.8 17.1 17.6
19 Life insurance companies 53.5 57.9 74.8
20 Other insurance
companies -3.0 -8.7 6.2
21 Private pension funds 10.8 (r) 39.2 (r) 56.1 (r)
22 State and local
government retirement
funds 46.9 54.6 37.6
23 Money market mutual
funds 182.0 143.0 256.1
24 Mutual funds 48.4 21.0 50.2
25 Closed-end funds 7.4 -4.7 (r) -4.7 (r)
26 Government-sponsored
enterprises 291.7 250.9 228.6
27 Federally related
mortgage pools 273.8 199.4 236.7
28 Asset-backed securities
issuers (ABSs) 205.2 166.4 120.9
29 Finance companies 97.0 108.0 102.8
30 Mortgage companies .3 .2 -.5
31 Real estate investment
trusts (REITs) -2.6 -6.3 -3.6
32 Brokers and dealers -34.7 68.9 152.1
33 Funding corporations 124.1 (r) 31.8 (r) -103.5 (r)
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit
markets 2,181.7 (r) 1,744.3 (r) 1,693.4 (r)
Other financial sources
35 Official foreign exchange -8.7 -.4 .7
36 Special drawing rights
certificates -3.0 -4.0 -4.0
37 Treasury currency 1.0 2.4 4.2
38 Foreign deposits 61.0 120.8 -40.8
39 Net interbank transactions 18.4 13.6 24.4
40 Checkable deposits and
currency 151.4 -71.5 5.0
41 Small time and savings
deposits 44.7 190.7 224.5
42 Large time deposits 130.6 118.4 152.9
43 Money market fund shares 249.1 233.3 250.9
44 Security repurchase
agreements 169.7 110.7 277.1
45 Corporate equities -34.6 -41.7 (r) -50.4 (r)
46 Mutual fund shares 191.2 235.0 275.1
47 Trade payables 270.5 (r) 169.1 (r) 137.1 (r)
48 Security credit 104.3 146.1 97.5
49 Life insurance reserves 50.8 50.2 53.0
50 Pension fund reserves 181.4 (r) 215.6 (r) 219.9 (r)
51 Taxes payable 23.2 (r) 21.7 4.1
52 Investment in bank
personal trusts -6.5 -29.7 -29.2
53 Noncorporate proprietors'
equity -38.1 (r) -2.5 (r) 26.6 (r)
54 Miscellaneous 997.0 (r) 1,139.1 (r) 1,507.0 (r)
55 Total financial sources 4,735.1 (r) 4,361.1 (r) 4,829.1 (r)
Liabilities not identified
as assets (-)
56 Treasury currency -.7 -1.2 .9
57 Foreign deposits 42.6 (r) 56.3 (r) -100.2 (r)
58 Net interbank liabilities 3.5 17.4 -12.1
59 Security repurchase
agreements 35.6 (r) 117.1 (r) 170.4 (r)
60 Taxes payable 6.5 14.1 -1.8
61 Miscellaneous -355.4 (r) -332.5 (r) -65.4 (r)
Floats not included in
assets (-)
62 Federal government
checkable deposits -7.4 9.0 3.0
63 Other checkable deposits -.8 1.7 1.9
64 Trade credit 7.2 (r) 14.0 (r) -26.6 (r)
65 Total identified to
sectors as assets 5,004.0 (r) 4,465.2 (r) 4,859.0 (r)
2000 2001
Transaction category
or sector Q4 Q1 (r) Q2 (r)
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 1,787.8 (r) 1,845.5 1,728.8
2 Domestic nonfederal
nonfinancial sectors -251.4 (r) -193.3 -268.6
3 Household -176.2 (r) -269.6 -261.5
4 Nonfinancial corporate
business -77.1 (r) 31.6 17.4
5 Nonfarm noncorporate
business -.2 (r) 3.2 .3
6 State and local
governments 2.1 (r) 41.5 -24.8
7 Federal government 10.6 4.6 9.4
8 Rest of the world 387.8 410.6 349.2
9 Financial sectors 1,640.8 (r) 1,623.6 1,638.9
10 Monetary authority -.9 53.7 26.4
11 Commercial banking 157.0 138.4 148.8
12 U.S.-chartered banks 75.3 93.5 194.5
13 Foreign banking
offices in United
States 81.1 41.3 -48.6
14 Bank holding companies -3.2 7.3 -2.8
15 Banks in U.S.-
affiliated areas 3.8 -3.6 5.6
16 Savings institutions 42.5 52.5 57.3
17 Credit unions 33.6 23.2 7.6
18 Bank personal trusts and
estates 18.1 10.7 13.4
19 Life insurance companies 38.8 95.3 124.9
20 Other insurance
companies -11.7 2.1 .1
21 Private pension funds 26.0 (r) 24.5 50.8
22 State and local
government retirement
funds 86.1 -70.7 77.0
23 Money market mutual
funds 272.7 328.2 164.7
24 Mutual funds 57.8 78.1 165.7
25 Closed-end funds -4.7 (r) -1.7 -1.7
26 Government-sponsored
enterprises 318.8 311.8 321.3
27 Federally related
mortgage pools 309.1 170.3 406.2
28 Asset-backed securities
issuers (ABSs) 278.9 269.8 150.0
29 Finance companies 36.2 -.9 126.7
30 Mortgage companies 2.0 1.4 1.1
31 Real estate investment
trusts (REITs) -2.8 4.0 1.1
32 Brokers and dealers -69.0 310.9 14.0
33 Funding corporations 52.3 (r) -178.1 -216.6
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit
markets 1,787.8 (r) 1,845.5 1,728.8
Other financial sources
35 Official foreign exchange 4.9 -1.5 4.7
36 Special drawing rights
certificates -4.0 .0 .0
37 Treasury currency .0 -1.1 1.1
38 Foreign deposits 207.4 235.5 -170.2
39 Net interbank transactions 18.0 -162.9 -4.9
40 Checkable deposits and
currency -50.2 184.2 82.8
41 Small time and savings
deposits 310.8 280.2 202.6
42 Large time deposits 65.2 128.1 53.9
43 Money market fund shares 371.0 621.6 322.3
44 Security repurchase
agreements -265.4 -86.6 168.7
45 Corporate equities -184.6 (r) 143.2 128.7
46 Mutual fund shares 149.5 96.8 283.0
47 Trade payables 116.5 (r) 74.7 -89.4
48 Security credit 74.4 -85.4 -83.3
49 Life insurance reserves 47.3 52.7 53.2
50 Pension fund reserves 147.9 (r) 244.8 169.0
51 Taxes payable 25.4 .5 16.2
52 Investment in bank
personal trusts -28.0 -26.1 -22.7
53 Noncorporate proprietors'
equity -6.7 (r) -20.8 -3.5
54 Miscellaneous 832.2 (r) 1,069.2 1,048.9
55 Total financial sources 3,619.5 (r) 4,592.5 3,889.9
Liabilities not identified
as assets (-)
56 Treasury currency -3.3 -3.6 -.5
57 Foreign deposits 194.6 (r) 169.5 -154.3
58 Net interbank liabilities 51.1 25.9 4.5
59 Security repurchase
agreements -295.7 (r) -262.7 171.6
60 Taxes payable 44.1 -2.4 -16.8
61 Miscellaneous -427.4 (r) -102.5 -416.4
Floats not included in
assets (-)
62 Federal government
checkable deposits -2.1 63.1 3.5
63 Other checkable deposits 2.4 3.8 3.9
64 Trade credit 73.3 (r) -9.9 -38.0
65 Total identified to
sectors as assets 3,982.6 (r) 4,711.3 4,332.4
2001 2002
Transaction category
or sector Q3 (r) Q4 (r) Q1
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 2,334.2 2,088.5 1,982.1
2 Domestic nonfederal
nonfinancial sectors -85.7 -255.0 304.8
3 Household -53.3 -257.3 227.6
4 Nonfinancial corporate
business -25.3 -50.7 32.4
5 Nonfarm noncorporate
business 3.3 2.0 3.3
6 State and local
governments -10.4 51.0 41.4
7 Federal government 3.6 6.9 -7.5
8 Rest of the world 389.0 563.2 271.4
9 Financial sectors 2,027.3 1,773.4 1,413.5
10 Monetary authority 8.7 70.5 98.7
11 Commercial banking 253.3 282.8 182.9
12 U.S.-chartered banks 233.9 246.2 163.4
13 Foreign banking
offices in United
States 16.5 3.4 1.2
14 Bank holding companies -1.4 13.6 12.0
15 Banks in U.S.-
affiliated areas 4.2 19.6 6.3
16 Savings institutions -8.3 66.3 17.6
17 Credit unions 61.7 61.8 54.7
18 Bank personal trusts and
estates 8.8 8.6 6.1
19 Life insurance companies 179.3 107.1 152.4
20 Other insurance
companies 5.1 32.8 36.3
21 Private pension funds 30.2 18.7 -40.8
22 State and local
government retirement
funds -74.2 7.3 76.8
23 Money market mutual
funds 379.1 112.2 -294.3
24 Mutual funds 103.7 156.6 262.2
25 Closed-end funds -1.7 -1.7 -1.7
26 Government-sponsored
enterprises 264.6 314.5 283.7
27 Federally related
mortgage pools 492.2 285.3 501.5
28 Asset-backed securities
issuers (ABSs) 297.6 337.8 345.2
29 Finance companies -42.0 -17.0 -143.2
30 Mortgage companies 1.7 1.2 1.6
31 Real estate investment
trusts (REITs) 7.8 14.0 16.5
32 Brokers and dealers 236.0 -94.9 -248.7
33 Funding corporations -176.2 9.6 105.9
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit
markets 2,334.2 2,088.5 1,982.1
Other financial sources
35 Official foreign exchange 13.7 .2 -1.8
36 Special drawing rights
certificates .0 .0 .0
37 Treasury currency .0 .0 .0
38 Foreign deposits 140.1 132.2 -25.0
39 Net interbank transactions 56.6 87.4 -18.9
40 Checkable deposits and
currency 244.9 288.6 28.6
41 Small time and savings
deposits 231.4 338.0 277.8
42 Large time deposits 29.4 46.0 274.1
43 Money market fund shares 367.7 402.7 -260.8
44 Security repurchase
agreements 240.7 -156.8 -127.8
45 Corporate equities -67.9 131.7 31.5
46 Mutual fund shares 162.5 263.6 358.3
47 Trade payables -16.9 -111.2 87.2
48 Security credit 546.9 -388.3 -234.8
49 Life insurance reserves 80.2 72.6 57.4
50 Pension fund reserves 235.2 176.2 169.6
51 Taxes payable 106.4 -66.1 26.1
52 Investment in bank
personal trusts -28.2 -28.2 -31.0
53 Noncorporate proprietors'
equity -26.3 4.4 -.1
54 Miscellaneous 908.8 -102.4 520.0
55 Total financial sources 5,559.4 3,178.9 3,112.4
Liabilities not identified
as assets (-)
56 Treasury currency -1.4 .0 -.7
57 Foreign deposits 143.2 70.5 18.2
58 Net interbank liabilities 7.1 33.3 24.1
59 Security repurchase
agreements 18.9 -125.2 -40.3
60 Taxes payable 4.1 11.9 25.1
61 Miscellaneous 266.8 -315.2 -138.0
Floats not included in
assets (-)
62 Federal government
checkable deposits 5.7 -56.6 193.3
63 Other checkable deposits 5.1 5.5 6.4
64 Trade credit -34.6 -23.2 -39.2
65 Total identified to
sectors as assets 5,144.6 3,577.8 3,063.7
(1.) Data in this table also appear in the Board's Z.1 (780) quarterly
statistical release, tables F.1 and F.5. For ordering address, see
inside front cover.
(2.) Excludes corporate equities and mutual fund shares.
1.59 SUMMARY OF CREDIT MARKET DEBT OUTSTANDING (1)
Billions of dollars, end of period
Transaction
category or sector 1997 1998 1999
Nonfinancial sectors
1 Total credit market
debt owed by domestic
nonfinancial sectors 15,244.2 (r) 16,287.1 (r) 17,391.1 (r)
By sector and
instrument
2 Federal government 3,804.8 (r) 3,752.2 3,681.0
3 Treasury securities 3,778.3 3,723.7 3,652.7 (r)
4 Budget agency
securities and
mortgages 26.5 28.5 28.3
5 Nonfederal 11,439.4 12,534.9 (r) 13,710.2 (r)
By instrument
6 Commercial paper 168.6 193.0 230.3
7 Municipal securities
and loans 1,367.5 1,464.3 1,532.5
8 Corporate bonds 1,610.9 1,829.6 2,059.5
9 Bank loans n.e.c. 1,040.4 1,148.5 1,231.2
10 Other loans and
advances 825.1 907.2 964.5
11 Mortgages 5,155.4 5,645.8 (r) 6,246.0 (r)
12 Home 3,978.3 4,365.5 (r) 4,790.2 (r)
13 Multifamily
residential 285.7 307.9 (r) 344.5 (r)
14 Commercial 801.4 875.9 (r) 1,009.0 (r)
15 Farm 90.0 96.6 102.3
16 Consumer credit 1,271.6 1,346.6 1,446.1
By borrowing sector
17 Households 5,556.9 6,011.4 (r) 6,513.3 (r)
18 Nonfinancial business 4,763.0 5,323.7 (r) 5,944.7 (r)
19 Corporate 3,383.1 3,776.1 (r) 4,209.3 (r)
20 Nonfarm
noncorporate 1,224.0 1,383.7 (r) 1,566.1 (r)
21 Farm 155.9 163.9 169.4
22 State and local
government 1,119.5 1,199.8 1,252.1
23 Foreign credit market
debt held in United
States 608.0 651.5 679.6
24 Commercial paper 65.1 72.9 89.2
25 Bonds 427.7 462.6 479.4
26 Bank loans n.e.c. 52.1 58.9 59.4
27 Other loans and
advances 63.0 57.2 51.7
28 Total credit market
debt owed by nonfi-
nancial sectors,
domestic and foreign 15,852.2 (r) 16,938.6 (r) 18,070.8 (r)
Financial sectors
29 Total credit market
debt owed by
financial sectors 5,458.0 6,545.2 7,629.6
By instrument
30 Federal government-
related 2,821.1 3,292.0 3,884.0
31 Government-sponsored
enterprise
securities 995.3 1,273.6 1,591.7
32 Mortgage pool
securities 1,825.8 2,018.4 2,292.2
33 Loans from U.S.
government .0 .0 .0
34 Private 2,636.9 3,253.2 3,745.6
35 Open market paper 745.7 906.7 1,082.9
36 Corporate bonds 1,568.6 1,878.7 2,096.9
37 Bank loans n.e.c. 77.3 107.5 93.2
38 Other loans and
advances 198.5 288.7 395.8
39 Mortgages 46.8 71.6 76.7
By borrowing sector
40 Commercial banks 140.6 188.6 230.0
41 Bank holding companies 168.6 193.5 219.3
42 Savings institutions 160.3 212.4 260.4
43 Credit unions .6 1.1 3.4
44 Life insurance
companies 1.8 2.5 3.2
45 Government-sponsored
enterprises 995.3 1,273.6 1,591.7
46 Federally related
mortgage pools 1,825.8 2,018.4 2,292.2
47 Issuers of asset-backed
securities (ABSs) 1,076.6 1,398.0 1,621.4
48 Brokers and dealers 35.3 42.5 25.3
49 Finance companies 568.3 625.5 695.7
50 Mortgage companies 16.0 17.7 17.8
51 Real estate investment
trusts (REITs) 96.1 158.8 165.1
52 Funding corporations 372.6 412.6 504.0
All sectors
53 Total credit market
debt, domestic and
foreign 21,310.2 (r) 23,483.8 (r) 25,700.4 (r)
54 Open market paper 979.4 1,172.6 1,402.4
55 U.S. government
securities 6,625.9 (r) 7,044.2 (r) 7,564.9 (r)
56 Municipal securities 1,367.5 1,464.3 1,532.5
57 Corporate and foreign
bonds 3,607.2 4,170.8 4,635.8
58 Bank loans n.e.c. 1,169.8 1,314.9 1,383.8
59 Other loans and
advances 1,086.6 1,253.0 1,412.0
60 Mortgages 5,202.2 5,717.4 (r) 6,322.8 (r)
61 Consumer credit 1,271.6 1,346.6 1,446.1
2000
Transaction
category or sector 2000 Q3 Q4
Nonfinancial sectors
1 Total credit market
debt owed by domestic
nonfinancial sectors 18,272.0 (r) 17,991.7 (r) 18,272.0 (r)
By sector and
instrument
2 Federal government 3,385.1 (r) 3,410.1 (r) 3,385.1 (r)
3 Treasury securities 3,357.8 3,382.5 (r) 3,357.8
4 Budget agency
securities and
mortgages 27.3 27.6 27.3
5 Nonfederal 14,886.9 (r) 14,581.6 (r) 14,886.9 (r)
By instrument
6 Commercial paper 278.4 307.0 278.4
7 Municipal securities
and loans 1,567.8 1,550.3 1,567.8
8 Corporate bonds 2,230.6 2,186.7 2,230.6
9 Bank loans n.e.c. 1,334.2 1,311.3 1,334.2
10 Other loans and
advances 1,077.1 1,039.5 1,077.1
11 Mortgages 6,805.7 (r) 6,667.3 (r) 6,805.7 (r)
12 Home 5,206.8 (r) 5,106.4 (r) 5,206.8 (r)
13 Multifamily
residential 379.0 (r) 369.0 (r) 379.0 (r)
14 Commercial 1,111.1 (r) 1,083.6 (r) 1,111.1 (r)
15 Farm 108.8 108.3 108.8
16 Consumer credit 1,593.1 1,519.6 1,593.1
By borrowing sector
17 Households 7,078.3 (r) 6,903.8 (r) 7,078.3 (r)
18 Nonfinancial business 6,529.3 (r) 6,414.7 (r) 6,529.3 (r)
19 Corporate 4,612.3 (r) 4,540.8 (r) 4,612.3 (r)
20 Nonfarm
noncorporate 1,736.8 (r) 1,696.0 (r) 1,736.8 (r)
21 Farm 180.2 177.9 180.2
22 State and local
government 1,279.3 1,263.1 1,279.3
23 Foreign credit market
debt held in United
States 746.7 731.0 746.7
24 Commercial paper 120.9 109.8 120.9
25 Bonds 504.6 502.4 504.6
26 Bank loans n.e.c. 70.7 67.7 70.7
27 Other loans and
advances 50.5 51.2 50.5
28 Total credit market
debt owed by nonfi-
nancial sectors,
domestic and foreign 19,018.7 (r) 18,722.7 (r) 19,018.7 (r)
Financial sectors
29 Total credit market
debt owed by
financial sectors 8,457.1 8,190.8 8,457.1
By instrument
30 Federal government-
related 4,317.4 4,164.0 4,317.4
31 Government-sponsored
enterprise
securities 1,825.8 1,749.7 1,825.8
32 Mortgage pool
securities 2,491.6 2,414.3 2,491.6
33 Loans from U.S.
government .0 .0 .0
34 Private 4,139.7 4,026.7 4,139.7
35 Open market paper 1,210.7 1,151.6 1,210.7
36 Corporate bonds 2,314.8 2,269.7 2,314.8
37 Bank loans n.e.c. 93.0 92.8 93.0
38 Other loans and
advances 438.3 430.2 438.3
39 Mortgages 82.9 82.5 82.9
By borrowing sector
40 Commercial banks 266.7 265.2 266.7
41 Bank holding companies 242.5 236.9 242.5
42 Savings institutions 287.7 276.0 287.7
43 Credit unions 3.4 3.1 3.4
44 Life insurance
companies 2.5 2.7 2.5
45 Government-sponsored
enterprises 1,825.8 1,749.7 1,825.8
46 Federally related
mortgage pools 2,491.6 2,414.3 2,491.6
47 Issuers of asset-backed
securities (ABSs) 1,829.6 1,742.3 1,829.6
48 Brokers and dealers 40.9 42.6 40.9
49 Finance companies 776.9 761.8 776.9
50 Mortgage companies 17.9 17.7 17.9
51 Real estate investment
trusts (REITs) 167.8 169.8 167.8
52 Funding corporations 503.7 508.7 503.7
All sectors
53 Total credit market
debt, domestic and
foreign 27,475.8 (r) 26,913.5 (r) 27,475.8 (r)
54 Open market paper 1,610.0 1,568.3 1,610.0
55 U.S. government
securities 7,702.5 7,574.2 7,702.5 (r)
56 Municipal securities 1,567.8 1,550.3 1,567.8
57 Corporate and foreign
bonds 5,050.0 4,958.7 5,050.0
58 Bank loans n.e.c. 1,497.9 1,471.7 1,497.9
59 Other loans and
advances 1,565.9 1,520.9 1,565.9
60 Mortgages 6,888.6 (r) 6,749.8 (r) 6,888.6 (r)
61 Consumer credit 1,593.1 1,519.6 1,593.1
2001
Transaction
category or sector Q1 Q2 Q3 (r)
Nonfinancial sectors
1 Total credit market
debt owed by domestic
nonfinancial sectors 18,509.5 (r) 18,680.6 (r) 18,995.3
By sector and
instrument
2 Federal government 3,408.8 3,251.4 3,320.0
3 Treasury securities 3,382.0 (r) 3,224.3 (r) 3,293.0
4 Budget agency
securities and
mortgages 26.8 27.0 27.0
5 Nonfederal 15,100.7 (r) 15,429.3 (r) 15,675.3
By instrument
6 Commercial paper 253.2 223.3 201.3
7 Municipal securities
and loans 1,597.5 1,629.8 1,635.3
8 Corporate bonds 2,330.4 2,435.3 2,482.3
9 Bank loans n.e.c. 1,321.3 (r) 1,292.7 (r) 1,283.8
10 Other loans and
advances 1,083.2 1,110.6 1,116.8
11 Mortgages 6,929.7 (r) 7,129.4 (r) 7,325.3
12 Home 5,299.2 (r) 5,457.7 (r) 5,601.4
13 Multifamily
residential 388.7 (r) 398.9 (r) 412.9
14 Commercial 1,131.8 (r) 1,159.8 (r) 1,196.3
15 Farm 110.0 (r) 113.1 114.7
16 Consumer credit 1,585.3 1,608.1 1,630.5
By borrowing sector
17 Households 7,144.5 (r) 7,319.5 (r) 7,491.8
18 Nonfinancial business 6,648.8 (r) 6,771.9 (r) 6,842.9
19 Corporate 4,691.6 (r) 4,766.7 (r) 4,799.6
20 Nonfarm
noncorporate 1,777.5 (r) 1,820.1 (r) 1,857.4
21 Farm 179.7 185.2 185.9
22 State and local
government 1,307.5 1,337.8 1,340.6
23 Foreign credit market
debt held in United
States 747.5 (r) 733.2 (r) 710.2
24 Commercial paper 112.8 110.1 106.3
25 Bonds 512.9 (r) 509.0 (r) 489.3
26 Bank loans n.e.c. 74.1 (r) 66.2 67.3
27 Other loans and
advances 47.7 47.9 47.3
28 Total credit market
debt owed by nonfi-
nancial sectors,
domestic and foreign 19,257.0 (r) 19,413.9 (r) 19,705.4
Financial sectors
29 Total credit market
debt owed by
financial sectors 8,657.0 (r) 8,856.1 (r) 9,126.5
By instrument
30 Federal government-
related 4,422.9 4,591.6 (r) 4,796.2
31 Government-sponsored
enterprise
securities 1,888.7 1,955.8 2,037.4
32 Mortgage pool
securities 2,534.2 2,635.7 (r) 2,758.8
33 Loans from U.S.
government .0 .0 .0
34 Private 4,234.1 (r) 4,264.6 4,330.3
35 Open market paper 1,180.8 1,144.5 1,110.2
36 Corporate bonds 2,424.0 (r) 2,483.9 2,568.1
37 Bank loans n.e.c. 97.3 100.4 100.2
38 Other loans and
advances 450.9 450.7 467.2
39 Mortgages 81.1 85.1 84.6
By borrowing sector
40 Commercial banks 273.8 274.7 281.4
41 Bank holding companies 266.5 269.0 272.7
42 Savings institutions 295.1 294.4 305.6
43 Credit unions 3.2 3.5 3.8
44 Life insurance
companies 1.9 1.9 2.8
45 Government-sponsored
enterprises 1,888.7 1,955.8 2,037.4
46 Federally related
mortgage pools 2,534.2 2,635.7 (r) 2,758.8
47 Issuers of asset-backed
securities (ABSs) 1,893.7 1,942.4 2,025.5
48 Brokers and dealers 35.0 43.9 47.1
49 Finance companies 756.2 769.0 771.2
50 Mortgage companies 18.1 18.2 18.5
51 Real estate investment
trusts (REITs) 166.2 168.9 168.3
52 Funding corporations 524.3 (r) 478.6 433.6
All sectors
53 Total credit market
debt, domestic and
foreign 27,914.0 (r) 28,270.0 (r) 28,831.9
54 Open market paper 1,546.8 1,477.9 1,417.8
55 U.S. government
securities 7,831.7 7,842.9 (r) 8,116.2
56 Municipal securities 1,597.5 1,629.8 1,635.3
57 Corporate and foreign
bonds 5,267.4 (r) 5,428.2 (r) 5,539.6
58 Bank loans n.e.c. 1,492.7 (r) 1,459.2 (r) 1,451.3
59 Other loans and
advances 1,581.8 1,609.2 1,631.3
60 Mortgages 7,010.8 (r) 7,214.5 (r) 7,410.0
61 Consumer credit 1,585.3 1,608.1 1,630.5
2001 2002
Transaction
category or sector Q4 (r) Q1
Nonfinancial sectors
1 Total credit market
debt owed by domestic
nonfinancial sectors 19,376.3 19,606.1
By sector and
instrument
2 Federal government 3,379.5 3,430.3
3 Treasury securities 3,352.7 3,404.0
4 Budget agency
securities and
mortgages 26.8 26.3
5 Nonfederal 15,996.8 16,175.8
By instrument
6 Commercial paper 190.1 167.5
7 Municipal securities
and loans 1,685.4 1,707.5
8 Corporate bonds 2,563.2 2,621.6
9 Bank loans n.e.c. 1,247.5 1,233.6
10 Other loans and
advances 1,096.8 1,099.9
11 Mortgages 7,510.5 7,667.6
12 Home 5,740.1 5,872.7
13 Multifamily
residential 425.9 433.5
14 Commercial 1,228.3 1,243.6
15 Farm 116.2 117.9
16 Consumer credit 1,703.3 1,678.1
By borrowing sector
17 Households 7,692.9 7,800.1
18 Nonfinancial business 6,921.3 6,974.4
19 Corporate 4,840.1 4,866.2
20 Nonfarm
noncorporate 1,893.6 1,921.4
21 Farm 187.6 186.9
22 State and local
government 1,382.5 1,401.2
23 Foreign credit market
debt held in United
States 712.9 725.6
24 Commercial paper 106.7 123.6
25 Bonds 496.1 492.1
26 Bank loans n.e.c. 63.2 66.8
27 Other loans and
advances 46.8 43.2
28 Total credit market
debt owed by nonfi-
nancial sectors,
domestic and foreign 20,089.1 20,331.7
Financial sectors
29 Total credit market
debt owed by
financial sectors 9,383.8 9,603.3
By instrument
30 Federal government-
related 4,944.1 5,117.3
31 Government-sponsored
enterprise
securities 2,114.0 2,161.8
32 Mortgage pool
securities 2,830.1 2,955.5
33 Loans from U.S.
government .0 .0
34 Private 4,439.7 4,485.9
35 Open market paper 1,148.8 1,090.9
36 Corporate bonds 2,626.7 2,741.8
37 Bank loans n.e.c. 106.8 105.0
38 Other loans and
advances 473.2 462.4
39 Mortgages 84.2 85.9
By borrowing sector
40 Commercial banks 296.0 295.8
41 Bank holding companies 266.1 269.4
42 Savings institutions 295.1 280.4
43 Credit unions 4.9 5.5
44 Life insurance
companies 3.1 3.7
45 Government-sponsored
enterprises 2,114.0 2,161.8
46 Federally related
mortgage pools 2,830.1 2,955.5
47 Issuers of asset-backed
securities (ABSs) 2,117.8 2,200.1
48 Brokers and dealers 42.3 39.7
49 Finance companies 777.0 759.1
50 Mortgage companies 18.6 18.8
51 Real estate investment
trusts (REITs) 170.2 172.1
52 Funding corporations 448.5 441.3
All sectors
53 Total credit market
debt, domestic and
foreign 29,472.9 29,934.9
54 Open market paper 1,445.6 1,382.0
55 U.S. government
securities 8,323.6 8,547.6
56 Municipal securities 1,685.4 1,707.5
57 Corporate and foreign
bonds 5,686.0 5,855.5
58 Bank loans n.e.c. 1,417.5 1,405.3
59 Other loans and
advances 1,616.8 1,605.5
60 Mortgages 7,594.7 7,753.5
61 Consumer credit 1,703.3 1,678.1
(1.) Data in this table appear in the Board's Z.1 (780) quarterly
statistical release, tables L.2 through L.4. For ordering address, see
inside front cover.
1.60 SUMMARY OF FINANCIAL ASSETS AND LIABILITIES (1)
Billions of dollars except as noted, end of period
Transaction category or
sector 1997 1998 1999
CREDIT MARKET DEBT
OUTSTANDING (2)
1 Total credit market
assets 21,310.2 (r) 23,483.8 (r) 25,700.4 (r)
2 Domestic nonfederal
nonfinancial
sectors 2,945.6 (r) 3,090.5 (r) 3,369.1 (r)
3 Household 2,028.9 (r) 2,042.0 (r) 2,310.9 (r)
4 Nonfinancial
corporate business 257.5 241.5 226.0 (r)
5 Nonfarm noncorporate
business 54.2 (r) 67.5 (r) 64.4 (r)
6 State and local
governments 605.0 739.4 767.8 (r)
7 Federal government 205.4 219.1 258.0
8 Rest of the world 2,257.3 2,539.8 2,676.2
9 Financial sectors 15,901.9 (r) 17,634.4 19,397.0 (r)
10 Monetary authority 431.4 452.5 478.1
11 Commercial banking 4,031.9 4,335.7 4,643.9
12 U.S.-chartered
banks 3,450.7 3,761.2 4,078.9
13 Foreign banking
offices in United
States 516.1 504.2 484.1
14 Bank holding
companies 27.4 26.5 32.7
15 Banks in U.S.-
affiliated areas 37.8 43.8 48.3
16 Savings institutions 928.5 964.6 1,033.2
17 Credit unions 305.3 324.2 351.7
18 Bank personal trusts
and estates 207.0 194.1 222.0
19 Life insurance
companies 1,751.1 1,828.0 1,886.0
20 Other insurance
companies 515.3 521.1 518.2
21 Private pension funds 674.6 651.8 662.5 (r)
22 State and local
government
retirement funds 632.5 704.6 751.4
23 Money market mutual
funds 721.9 965.9 1,147.8
24 Mutual funds 901.1 1,028.4 1,076.8
25 Closed-end funds 98.3 103.8 (r) 111.2 (r)
26 Government-sponsored
enterprises 939.4 1,253.9 1,545.6
27 Federally related
mortgage pools 1,825.8 2,018.4 2,292.2
28 Asset-backed
securities (ABSs)
issuers 937.7 1,219.4 1,424.6
29 Finance companies 568.2 645.5 742.5
30 Mortgage companies 32.1 35.3 35.6
31 Real estate
investment trusts
(REITs) 50.6 45.5 42.9
32 Brokers and dealers 182.6 189.4 154.7
33 Funding corporations 166.7 152.3 276.1 (r)
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 21,310.2 (r) 23,483.8 (r) 25,700.4 (r)
Other liabilities
35 Official foreign
exchange 48.9 60.1 50.1
36 Special drawing rights
certificates 9.2 9.2 6.2
37 Treasury currency 19.3 19.9 20.9
38 Foreign deposits 618.5 642.3 703.6
39 Net interbank
liabilities 219.4 189.0 205.3
40 Checkable deposits and
currency 1,286.1 1,333.4 1,484.8
41 Small time and savings
deposits 2,474.1 2,626.5 2,671.2
42 Large time deposits 713.4 805.5 936.1
43 Money market fund
shares 1,042.5 1,329.7 1,578.8
44 Security repurchase
agreements 822.4 913.7 1,083.4
45 Mutual fund shares 2,989.4 3,613.1 4,538.5
46 Security credit 469.1 572.3 676.6
47 Life insurance reserves 665.0 718.3 783.9
48 Pension fund reserves 7,323.4 8,209.0 9,065.6 (r)
49 Trade payables 1,967.3 2,075.1 (r) 2,345.6 (r)
50 Taxes payable 151.1 170.7 (r) 193.9 (r)
51 Investment in bank
personal trusts 942.5 1,001.0 1,130.4
52 Miscellaneous 6,731.6 7,643.8 (r) 8,457.3 (r)
53 Total liabilities 49,803.2 (r) 55,416.3 (r) 61,632.7 (r)
Financial assets not
included in
liabilities (+)
54 Gold and special
drawing rights 21.1 21.6 21.4
55 Corporate equities 13,301.7 15,577.3 19,581.2
56 Household equity in
noncorporate business 4,052.7 (r) 4,286.9 (r) 4,537.6 (r)
Liabilities not
identified as
assets (-)
57 Treasury currency -6.3 -6.4 -7.1
58 Foreign deposits 535.0 542.8 585.7 (r)
59 Net interbank
transactions -32.2 -27.0 -25.5
60 Security repurchase
agreements 172.9 230.6 266.2 (r)
61 Taxes payable 104.2 121.2 (r) 121.9 (r)
62 Miscellaneous -1,548.1 (r) -2,248.0 (r) -2,837.8 (r)
Floats not included in
assets (-)
63 Federal government
checkable deposits -8.1 -3.9 -9.9
64 Other checkable
deposits 26.2 23.1 22.3
65 Trade credit 126.8 87.0 (r) 95.5 (r)
66 Totals identified to
sectors as assets 67,808.2 (r) 76,582.6 (r) 87,561.4 (r)
2002
Transaction category or
sector 2000 Q3 Q4
CREDIT MARKET DEBT
OUTSTANDING (2)
1 Total credit market
assets 27,475.8 (r) 26,913.5 (r) 27,475.8 (r)
2 Domestic nonfederal
nonfinancial
sectors 3,171.9 (r) 3,227.0 (r) 3,171.9 (r)
3 Household 2,098.1 (r) 2,152.1 (r) 2,098.1 (r)
4 Nonfinancial
corporate business 243.5 (r) 245.4 (r) 243.5 (r)
5 Nonfarm noncorporate
business 63.2 (r) 63.3 (r) 63.2 (r)
6 State and local
governments 767.0 (r) 766.2 (r) 767.0 (r)
7 Federal government 265.4 262.7 265.4
8 Rest of the world 3,004.6 2,861.7 3,004.6
9 Financial sectors 21,033.9 (r) 20,562.1 (r) 21,033.9 (r)
10 Monetary authority 511.8 511.5 511.8
11 Commercial banking 5,002.3 4,931.0 5,002.3
12 U.S.-chartered
banks 4,418.7 4,368.2 4,418.7
13 Foreign banking
offices in United
States 508.1 487.5 508.1
14 Bank holding
companies 20.5 21.3 20.5
15 Banks in U.S.-
affiliated areas 55.0 54.0 55.0
16 Savings institutions 1,089.7 1,082.2 1,089.7
17 Credit unions 382.2 376.0 382.2
18 Bank personal trusts
and estates 239.1 234.6 239.1
19 Life insurance
companies 1,943.9 1,935.1 1,943.9
20 Other insurance
companies 509.4 512.4 509.4
21 Private pension funds 701.7 (r) 695.2 (r) 701.7 (r)
22 State and local
government
retirement funds 806.0 784.5 806.0
23 Money market mutual
funds 1,290.9 1,212.5 1,290.9
24 Mutual funds 1,097.8 1,087.1 1,097.8
25 Closed-end funds 106.4 (r) 107.6 (r) 106.4 (r)
26 Government-sponsored
enterprises 1,803.7 1,714.3 1,803.7
27 Federally related
mortgage pools 2,491.6 2,414.3 2,491.6
28 Asset-backed
securities (ABSs)
issuers 1,602.9 1,522.9 1,602.9
29 Finance companies 850.5 830.0 850.5
30 Mortgage companies 35.9 35.4 35.9
31 Real estate
investment trusts
(REITs) 36.6 37.3 36.6
32 Brokers and dealers 223.6 243.3 223.6
33 Funding corporations 307.9 (r) 294.9 (r) 307.9 (r)
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 27,475.8 (r) 26,913.5 (r) 27,475.8 (r)
Other liabilities
35 Official foreign
exchange 46.1 44.9 46.1
36 Special drawing rights
certificates 2.2 3.2 2.2
37 Treasury currency 23.2 23.2 23.2
38 Foreign deposits 824.5 772.6 824.5
39 Net interbank
liabilities 222.6 206.0 222.6
40 Checkable deposits and
currency 1,413.3 1,385.7 1,413.3
41 Small time and savings
deposits 2,861.9 2,790.9 2,861.9
42 Large time deposits 1,054.5 1,025.9 1,054.5
43 Money market fund
shares 1,812.1 1,697.8 1,812.1
44 Security repurchase
agreements 1,194.1 1,238.6 1,194.1
45 Mutual fund shares 4,434.6 4,781.6 4,434.6
46 Security credit 822.7 805.8 822.7
47 Life insurance reserves 819.1 818.7 819.1
48 Pension fund reserves 9,075.1 (r) 9,340.2 (r) 9,075.1 (r)
49 Trade payables 2,514.6 (r) 2,468.7 (r) 2,514.6 (r)
50 Taxes payable 215.6 (r) 214.1 (r) 215.6 (r)
51 Investment in bank
personal trusts 1,019.4 1,106.7 1,019.4
52 Miscellaneous 9,413.2 (r) 9,504.7 (r) 9,413.2 (r)
53 Total liabilities 65,244.7 (r) 65,142.8 (r) 65,244.7 (r)
Financial assets not
included in
liabilities (+)
54 Gold and special
drawing rights 21.6 21.4 21.6
55 Corporate equities 17,566.4 19,244.2 17,566.4
56 Household equity in
noncorporate business 4,814.9 (r) 4,736.3 (r) 4,814.9 (r)
Liabilities not
identified as
assets (-)
57 Treasury currency -8.5 -7.6 -8.5
58 Foreign deposits 642.1 (r) 593.4 (r) 642.1 (r)
59 Net interbank
transactions -4.3 -17.6 -4.3
60 Security repurchase
agreements 383.3 (r) 453.2 (r) 383.3 (r)
61 Taxes payable 127.7 (r) 123.8 (r) 127.7 (r)
62 Miscellaneous -3,299.8 (r) -2,788.8 (r) -3,299.8 (r)
Floats not included in
assets (-)
63 Federal government
checkable deposits -2.3 -7.8 -2.3
64 Other checkable
deposits 24.0 15.5 24.0
65 Trade credit 114.3 (r) 15.2 (r) 114.3 (r)
66 Totals identified to
sectors as assets 89,671.1 (r) 90,765.4 (r) 89,671.1 (r)
2001
Transaction category or
sector Q1 (r) Q2 (r) Q3 (r)
CREDIT MARKET DEBT
OUTSTANDING (2)
1 Total credit market
assets 27,914.0 28,270.0 28,831.9
2 Domestic nonfederal
nonfinancial
sectors 3,097.7 3,011.3 2,979.6
3 Household 2,024.9 1,936.2 1,915.6
4 Nonfinancial
corporate business 231.4 236.9 230.8
5 Nonfarm noncorporate
business 64.0 64.1 64.9
6 State and local
governments 777.4 774.1 768.3
7 Federal government 266.6 268.9 269.8
8 Rest of the world 3,112.9 3,200.1 3,294.7
9 Financial sectors 21,436.8 21,789.7 22,287.8
10 Monetary authority 523.9 535.1 534.1
11 Commercial banking 5,012.1 5,044.6 5,101.2
12 U.S.-chartered
banks 4,420.8 4,463.3 4,513.5
13 Foreign banking
offices in United
States 515.0 504.2 509.9
14 Bank holding
companies 22.3 21.6 21.3
15 Banks in U.S.-
affiliated areas 54.1 55.5 56.5
16 Savings institutions 1,101.6 1,116.4 1,118.4
17 Credit unions 386.5 391.8 407.8
18 Bank personal trusts
and estates 241.8 245.1 247.3
19 Life insurance
companies 1,967.2 1,996.9 2,044.2
20 Other insurance
companies 510.0 510.0 511.3
21 Private pension funds 707.9 720.6 728.1
22 State and local
government
retirement funds 788.3 807.6 789.0
23 Money market mutual
funds 1,404.2 1,414.6 1,498.0
24 Mutual funds 1,113.9 1,160.3 1,188.2
25 Closed-end funds 106.0 105.6 105.2
26 Government-sponsored
enterprises 1,866.9 1,948.4 2,016.0
27 Federally related
mortgage pools 2,534.2 2,635.7 2,758.8
28 Asset-backed
securities (ABSs)
issuers 1,660.5 1,703.7 1,780.0
29 Finance companies 848.0 878.5 859.4
30 Mortgage companies 36.2 36.5 36.9
31 Real estate
investment trusts
(REITs) 37.6 37.9 39.8
32 Brokers and dealers 317.7 288.4 366.4
33 Funding corporations 272.4 212.1 157.6
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 27,914.0 28,270.0 28,831.9
Other liabilities
35 Official foreign
exchange 42.8 43.4 49.0
36 Special drawing rights
certificates 2.2 2.2 2.2
37 Treasury currency 22.9 23.2 23.2
38 Foreign deposits 883.4 840.8 875.9
39 Net interbank
liabilities 160.5 162.5 185.4
40 Checkable deposits and
currency 1,405.0 1,449.4 1,485.5
41 Small time and savings
deposits 2,963.3 2,992.4 3,047.7
42 Large time deposits 1,077.4 1,086.9 1,093.9
43 Money market fund
shares 1,994.7 2,014.8 2,116.1
44 Security repurchase
agreements 1,185.0 1,206.1 1,253.6
45 Mutual fund shares 3,990.4 4,259.5 3,753.1
46 Security credit 799.3 781.6 920.1
47 Life insurance reserves 823.0 840.3 847.0
48 Pension fund reserves 8,596.9 8,861.9 8,298.5
49 Trade payables 2,508.8 2,482.0 2,491.4
50 Taxes payable 223.3 222.5 251.4
51 Investment in bank
personal trusts 929.1 964.4 859.6
52 Miscellaneous 9,911.2 10,213.0 10,611.1
53 Total liabilities 65,433.3 66,716.8 66,996.5
Financial assets not
included in
liabilities (+)
54 Gold and special
drawing rights 21.4 21.5 22.0
55 Corporate equities 15,311.0 16,240.7 13,628.2
56 Household equity in
noncorporate business 4,853.5 4,876.4 4,918.6
Liabilities not
identified as
assets (-)
57 Treasury currency -9.4 -9.5 -9.8
58 Foreign deposits 684.5 645.9 681.7
59 Net interbank
transactions 3.9 5.5 6.0
60 Security repurchase
agreements 340.8 365.9 364.9
61 Taxes payable 111.9 131.7 148.6
62 Miscellaneous -3,260.2 -3,208.4 -3,046.6
Floats not included in
assets (-)
63 Federal government
checkable deposits -2.8 -4.8 -5.9
64 Other checkable
deposits 21.1 25.5 19.2
65 Trade credit 62.0 27.2 16.4
66 Totals identified to
sectors as assets 87,667.3 89,876.3 87,390.9
2001 2002
Transaction category or
sector Q4 (r) Q1
CREDIT MARKET DEBT
OUTSTANDING (2)
1 Total credit market
assets 29,472.9 29,934.9
2 Domestic nonfederal
nonfinancial
sectors 2,970.3 3,016.6
3 Household 1,886.8 1,935.2
4 Nonfinancial
corporate business 236.7 223.3
5 Nonfarm noncorporate
business 65.4 66.2
6 State and local
governments 781.4 791.9
7 Federal government 271.6 269.7
8 Rest of the world 3,432.6 3,506.1
9 Financial sectors 22,798.5 23,142.6
10 Monetary authority 551.7 575.4
11 Commercial banking 5,207.1 5,227.8
12 U.S.-chartered
banks 4,609.8 4,629.3
13 Foreign banking
offices in United
States 511.3 507.8
14 Bank holding
companies 24.7 27.7
15 Banks in U.S.-
affiliated areas 61.4 63.0
16 Savings institutions 1,131.7 1,134.9
17 Credit unions 420.8 433.1
18 Bank personal trusts
and estates 249.5 251.0
19 Life insurance
companies 2,070.5 2,107.6
20 Other insurance
companies 519.5 528.6
21 Private pension funds 732.8 722.6
22 State and local
government
retirement funds 790.9 810.1
23 Money market mutual
funds 1,536.9 1,496.4
24 Mutual funds 1,223.8 1,285.4
25 Closed-end funds 104.7 104.3
26 Government-sponsored
enterprises 2,104.9 2,161.0
27 Federally related
mortgage pools 2,830.1 2,955.5
28 Asset-backed
securities (ABSs)
issuers 1,866.7 1,942.8
29 Finance companies 867.2 829.0
30 Mortgage companies 37.2 37.6
31 Real estate
investment trusts
(REITs) 43.3 47.5
32 Brokers and dealers 340.1 296.4
33 Funding corporations 169.1 195.7
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 29,472.9 29,934.9
Other liabilities
35 Official foreign
exchange 46.8 45.7
36 Special drawing rights
certificates 2.2 2.2
37 Treasury currency 23.2 23.2
38 Foreign deposits 908.9 902.7
39 Net interbank
liabilities 214.9 188.8
40 Checkable deposits and
currency 1,599.2 1,565.6
41 Small time and savings
deposits 3,125.0 3,226.0
42 Large time deposits 1,118.9 1,177.6
43 Money market fund
shares 2,240.7 2,202.6
44 Security repurchase
agreements 1,248.3 1,215.9
45 Mutual fund shares 4,135.5 4,245.8
46 Security credit 820.2 759.6
47 Life insurance reserves 871.7 886.6
48 Pension fund reserves 8,682.3 8,763.9
49 Trade payables 2,478.9 2,477.2
50 Taxes payable 229.8 243.9
51 Investment in bank
personal trusts 912.0 907.8
52 Miscellaneous 10,579.8 10,647.5
53 Total liabilities 68,711.2 69,417.4
Financial assets not
included in
liabilities (+)
54 Gold and special
drawing rights 21.8 21.9
55 Corporate equities 15,200.7 15,222.6
56 Household equity in
noncorporate business 4,866.6 4,885.8
Liabilities not
identified as
assets (-)
57 Treasury currency -9.8 -10.0
58 Foreign deposits 699.4 703.9
59 Net interbank
transactions 11.5 20.3
60 Security repurchase
agreements 347.5 348.2
61 Taxes payable 99.9 94.9
62 Miscellaneous -3,233.3 -3,208.4
Floats not included in
assets (-)
63 Federal government
checkable deposits -14.1 32.4
64 Other checkable
deposits 28.6 26.3
65 Trade credit 87.8 27.2
66 Totals identified to
sectors as assets 90,782.7 91,512.8
(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.
Domestic Nonfinancial Statistics [] July 2002 Selected Measures
2.12 OUTPUT, CAPACITY, AND CAPACITY UTILIZATION (1)
Seasonally adjusted
2001 2002
Series Q2 Q3 Q4 Q1 (r)
Output (1992= 100)
1 Total industry 141.3 139.6 137.2 138.1
2 Manufacturing 146.0 144.2 141.9 142.9
3 Primary processing (3) 168.9 167.1 164.5 167.7
4 Advanced processing (4) 133.3 131.5 129.3 129.3
5 Durable goods 181.9 178.3 174.1 176.1
6 Lumber and products 113.2 115.5 112.7 113.1
7 Primary metals 120.5 117.8 109.1 112.1
8 Iron and steel 117.3 115.7 104.0 108.8
9 Nonferrous 124.6 120.6 115.3 116.3
10 Industrial machinery and
equipment 217.0 208.8 202.2 205.3
11 Electrical machinery 509.2 485.3 485.7 500.2
12 Motor vehicles and parts 166.8 169.5 165.1 172.3
13 Aerospace and miscellaneous
transportation equipment 99.0 95.9 91.2 86.2
14 Nondurable goods 111.5 111.0 110.2 110.5
15 Textile mill products 88.0 85.3 82.4 84.9
16 Paper and products 108.9 108.5 105.8 104.8
17 Chemicals and products 119.6 121.1 122.4 122.6
18 Plastics materials 116.4 117.4 115.6 116.6
19 Petroleum products 115.5 113.2 113.7 115.8
20 Mining 102.9 101.8 98.6 96.1
21 Utilities 120.0 119.1 116.9 119.3
22 Electric 123.6 122.2 121.1 122.1
2001 2002
Series Q2 Q3 Q4 Q1
Capacity (percent of
1992 output)
1 Total industry 182.6 183.2 183.6 184.1
2 Manufacturing 193.2 193.6 194.0 194.4
3 Primary processing (3) 223.0 223.8 224.5 225.3
4 Advanced processing (4) 176.6 176.9 177.2 177.4
5 Durable goods 246.3 247.5 248.5 249.4
6 Lumber and products 148.5 148.8 149.1 149.2
7 Primary metals 150.8 150.6 150.4 149.4
8 Iron and steel 147.4 146.8 146.2 144.4
9 Nonferrous 155.3 155.6 155.8 155.9
10 Industrial machinery and
equipment 297.3 298.8 299.8 300.3
11 Electrical machinery 735.6 745.4 752.5 763.3
12 Motor vehicles and parts 220.1 221.5 222.9 224.1
13 Aerospace and miscellaneous
transportation equipment 135.3 135.2 135.1 135.1
14 Nondurable goods 143.0 142.9 142.9 142.9
15 Textile mill products 117.4 116.4 115.4 114.3
16 Paper and products 138.7 138.8 139.0 139.0
17 Chemicals and products 158.3 158.5 158.6 158.8
18 Plastics materials 152.5 153.0 153.4 153.8
19 Petroleum products 122.2 122.4 122.7 122.9
20 Mining 112.0 112.2 112.6 112.9
21 Utilities 136.2 138.1 139.9 141.6
22 Electric 135.1 137.4 139.8 141.9
2001 2002
Series Q2 Q3 Q4 Q1 (r)
Capacity utilization
rate (percent) (2)
1 Total industry 77.4 76.2 74.7 75.0
2 Manufacturing 75.6 74.5 73.1 73.5
3 Primary processing (3) 75.8 74.7 73.3 74.4
4 Advanced processing (4) 75.5 74.3 73.0 72.9
5 Durable goods 73.8 72.0 70.1 70.6
6 Lumber and products 76.2 77.6 75.6 75.8
7 Primary metals 79.9 78.2 72.6 75.0
8 Iron and steel 79.6 78.8 71.2 75.4
9 Nonferrous 80.2 77.5 74.0 74.6
10 Industrial machinery and
equipment 73.0 69.9 67.5 68.4
11 Electrical machinery 69.2 65.1 64.6 65.5
12 Motor vehicles and parts 75.8 76.5 74.1 76.9
13 Aerospace and miscellaneous
transportation equipment 73.2 71.0 67.5 63.8
14 Nondurable goods 77.9 77.7 77.1 77.3
15 Textile mill products 74.9 73.3 71.5 74.3
16 Paper and products 78.5 78.1 76.1 75.4
17 Chemicals and products 75.6 76.4 77.2 77.2
18 Plastics materials 76.3 76.7 75.4 75.8
19 Petroleum products 94.5 92.5 92.7 94.2
20 Mining 91.8 90.7 87.6 85.1
21 Utilities 88.1 86.3 83.6 84.3
22 Electric 91.5 88.9 86.7 86.0
Lat-
est
1973 1975 Previous cycle
cycle (5) (6)
Series High Low High Low High
Capacity utilization
rate (percent) (2)
1 Total industry 89.2 72.6 87.3 71.1 85.4
2 Manufacturing 88.5 70.5 86.9 69.0 85.7
3 Primary processing (3) 91.8 67.3 88.6 65.7 88.3
4 Advanced processing (4) 86.5 72.5 86.3 71.0 84.2
5 Durable goods 89.2 68.9 87.7 63.9 84.6
6 Lumber and products 88.7 61.2 87.9 60.8 93.6
7 Primary metals 100.2 65.9 94.2 45.1 92.7
8 Iron and steel 105.8 66.6 95.8 37.0 95.2
9 Nonferrous 90.8 59.8 91.1 60.1 89.3
10 Industrial machinery and
equipment 96.0 74.3 93.2 64.0 85.4
11 Electrical machinery 89.2 64.7 89.4 71.6 84.0
12 Motor vehicles and parts 93.4 51.3 95.0 45.5 89.1
13 Aerospace and miscellaneous
transportation equipment 78.4 67.6 81.9 66.6 87.3
14 Nondurable goods 87.8 71.7 87.5 76.4 87.3
15 Textile mill products 91.4 60.0 91.2 72.3 90.4
16 Paper and products 97.1 69.2 96.1 80.6 93.5
17 Chemicals and products 87.6 69.7 84.6 69.9 86.2
18 Plastics materials 102.0 50.6 90.9 63.4 97.0
19 Petroleum products 96.7 81.1 90.0 66.8 88.5
20 Mining 94.3 88.2 96.0 80.3 88.0
21 Utilities 96.2 82.9 89.1 75.9 92.6
22 Electric 99.0 82.7 88.2 78.9 95.0
Latest
cycle 2001 2001 2002
(6)
Jan.
Series Low Apr. Nov. Dec. (r)
Capacity utilization
rate (percent) (2)
1 Total industry 78.1 77.8 74.7 74.4 74.8
2 Manufacturing 76.6 76.0 73.2 72.9 73.4
3 Primary processing (3) 76.7 76.4 73.2 72.7 74.0
4 Advanced processing (4) 76.6 75.8 73.1 73.0 72.9
5 Durable goods 73.1 74.4 70.1 70.0 70.5
6 Lumber and products 75.5 75.3 75.4 75.7 75.6
7 Primary metals 73.7 80.3 73.3 68.9 74.2
8 Iron and steel 71.8 78.5 73.3 64.8 73.7
9 Nonferrous 74.2 82.3 73.3 73.3 74.7
10 Industrial machinery and
equipment 72.3 74.2 67.9 66.8 68.1
11 Electrical machinery 75.0 71.0 64.5 64.5 65.1
12 Motor vehicles and parts 55.9 74.3 74.4 77.0 76.8
13 Aerospace and miscellaneous
transportation equipment 79.2 73.8 67.3 65.8 64.7
14 Nondurable goods 80.7 78.2 77.1 76.8 77.2
15 Textile mill products 77.7 76.7 71.0 71.7 72.0
16 Paper and products 85.0 79.8 76.4 74.1 75.6
17 Chemicals and products 79.3 75.5 77.2 76.6 77.5
18 Plastics materials 74.8 76.1 75.6 72.9 75.3
19 Petroleum products 85.1 94.4 93.0 91.4 93.5
20 Mining 87.0 92.1 87.9 86.4 85.9
21 Utilities 83.4 89.4 83.0 82.0 82.1
22 Electric 87.1 93.2 87.1 84.8 84.8
2002
Feb. Mar. Apr.
Series (r) (r) (p)
Capacity
utilization
rate (percent) (2)
1 Total industry 75.0 75.3 75.5
2 Manufacturing 73.4 73.7 73.9
3 Primary processing (3) 74.4 74.8 75.0
4 Advanced processing (4) 72.8 73.0 73.1
5 Durable goods 70.5 70.8 71.0
6 Lumber and products 75.4 76.4 75.7
7 Primary metals 75.1 75.8 76.0
8 Iron and steel 76.2 76.2 75.9
9 Nonferrous 74.0 75.2 76.0
10 Industrial machinery and
equipment 68.2 68.8 68.9
11 Electrical machinery 65.5 65.9 65.7
12 Motor vehicles and parts 77.3 76.6 78.9
13 Aerospace and miscellaneous
transportation equipment 64.0 62.7 61.7
14 Nondurable goods 77.3 77.6 77.6
15 Textile mill products 74.4 76.6 76.9
16 Paper and products 75.0 75.5 75.3
17 Chemicals and products 77.1 77.0 76.8
18 Plastics materials 75.7 76.6 75.4
19 Petroleum products 95.3 93.9 94.2
20 Mining 85.3 84.1 85.1
21 Utilities 84.9 85.8 86.3
22 Electric 85.9 87.4 88.4
(1.) Data in this table also appear in the Board's G.17 (419) monthly
statistical release. The data are also available on the Board's web
site, http://www.federalreserve.gov/releases/g17. The latest historical
revision of the industrial production index and the capacity
utilization rates was released in November 2001. The recent annual
revision is described in the March 2002 issue of the Bulletin. For a
description of the methods of estimating industrial production and
capacity utilization, see "Industrial Production and Capacity
Utilization: Historical Revision and Recent Developments," Federal
Reserve Bulletin, vol. 83 (February 1997), pp. 67-92, and the
references cited therein. For details about the construction of
individual industrial production series, see "Industrial Production:
1989 Developments and Historical Revision," Federal Reserve Bulletin,
vol. 76 (April 1990), pp. 187-204.
(2.) Capacity utilization is calculated as the ratio of the Federal
Reserve's seasonally adjusted index of industrial production to the
corresponding index of capacity.
(3.) Primary processing includes textiles; lumber; paper; industrial
chemicals; synthetic materials; fertilizer materials; petroleum
products; rubber and plastics; stone, clay, and glass; primary metals;
fabricated metals; semiconductors and related electronic components;
and motor vehicle parts.
(4.) Advanced processing includes foods, tobacco, apparel, furniture
and fixtures, printing and publishing, chemical products such as drugs
and toiletries, agricultural chemicals, leather and products, machinery
except semiconductors and related electronic components, transportation
equipment except motor vehicle parts, instruments, and miscellaneous
manufacturing.
(5.) Monthly highs, 1978-80; monthly lows, 1982.
(6.) Monthly highs, 1988-89; monthly lows, 1990-91.
2.13 INDUSTRIAL PRODUCTION Indexes and Gross Value (1)
Monthly data seasonally adjusted
2001
1992
pro- 2001
Group por- avg. Apr.
tion
Index
(1992=100)
MAJOR MARKETS
1 Total index 100.0 140.1 142.0
2 Products 60.8 129.4 131.0
3 Final products 46.3 132.0 134.0
4 Consumer goods,
total 29.0 120.7 121.3
5 Durable
consumer
goods 5.8 151.3 152.2
6 Automotive
products 2.5 149.9 149.6
7 Autos and
trucks 1.6 160.5 160.1
8 Autos,
consumer 0.9 94.0 96.0
9 Trucks,
consumer 0.7 231.4 228.4
10 Auto parts
and allied
goods 0.9 133.5 133.5
11 Other 3.3 151.5 153.9
12 Appliances,
tele-
visions,
and air
condi-
tioners 0.9 283.2 284.0
13 Carpeting
and
furniture 0.8 119.1 119.9
14 Miscella-
neous home
goods 1.6 114.2 117.4
15 Nondurable
consumer
goods 23.2 113.3 113.9
16 Foods and
tobacco 10.4 108.8 108.9
17 Clothing 2.4 78.3 82.0
18 Chemical
products 4.6 145.0 143.4
19 Paper products 2.9 105.5 107.4
20 Energy 3.0 117.4 118.7
21 Fuels 0.8 114.2 114.6
22 Residential
utilities 2.1 119.2 120.7
23 Equipment 17.3 152.3 157.3
24 Business equipment 13.2 175.9 182.1
25 Information
processing 5.4 279.5 288.4
26 Computer and
office
equipment 1.1 948.2 970.9
27 Industrial 4.0 125.1 129.1
28 Transit 2.5 127.6 133.8
29 Autos and
trucks 1.2 145.8 148.0
30 Other 1.3 139.1 143.1
31 Defense and space
equipment 3.4 74.0 74.4
32 Oil and gas well
drilling 0.6 140.2 152.2
33 Manufactured homes 0.2 93.7 88.6
34 Intermediate
products, total 14.5 121.4 122.2
35 Construction
supplies 5.4 137.6 139.0
36 Business supplies 9.1 111.9 112.2
37 Materials 39.2 158.0 160.3
38 Durable goods
materials 20.7 212.7 216.4
39 Durable consumer
parts 4.0 155.8 155.1
40 Equipment parts 7.5 441.8 452.9
41 Other 9.2 125.2 127.9
42 Basic metal
materials 3.1 113.7 117.6
43 Nondurable goods
materials 8.9 104.2 104.7
44 Textile materials 1.1 90.8 95.0
45 Paper materials 1.8 108.6 110.2
46 Chemical materials 4.0 102.8 101.8
47 Other 2.1 109.8 110.6
48 Energy materials 9.6 103.3 104.9
49 Primary energy 6.2 98.8 99.5
50 Converted fuel
materials 3.4 111.7 115.7
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 97.3 139.8 141.7
52 Total excluding motor
vehicles and parts 95.3 139.0 141.0
53 Total excluding
computer and office
equipment 98.4 134.2 136.0
54 Consumer goods
excluding autos
and trucks 27.5 118.5 119.3
55 Consumer goods
excluding energy 26.1 121.1 121.6
56 Business equipment
excluding autos
and trucks 12.0 179.7 186.4
57 Business equipment
excluding computer
and office equipment 12.0 146.8 152.1
58 Materials excluding
energy 29.6 175.7 178.2
SIC
code
(2)
MAJOR INDUSTRIES
59 Total Index ... 100.0 140.1 142.0
60 Manufacturing ... 85.4 144.8 146.7
61 Primary processing ... 31.0 167.9 170.1
62 Advanced processing ... 54.4 132.0 133.7
63 Durable goods ... 44.8 179.3 182.9
64 Lumber and
products 24 2.1 113.0 111.8
65 Furniture and
fixtures 25 1.4 138.7 141.8
66 Stone, clay, and
glass products 32 2.1 130.8 133.1
67 Primary metals 33 3.1 116.9 121.2
68 Iron and steel 331,2 1.8 112.6 115.8
69 Raw steel 331PT 0.1 102.8 99.2
70 Nonferrous 333-6,9 1.4 122.3 127.8
71 Fabricated metal
products 34 5.0 130.4 131.0
72 Industrial
machinery and
equipment 35 7.8 213.3 220.2
73 Computer and
office equipment 357 1.6 1,088.0 1,112.9
74 Electrical
machinery 36 7.1 504.2 518.8
75 Transportation
equipment 37 9.4 128.5 130.5
76 Motor vehicles
and parts 371 4.7 162.9 163.2
77 Autos and
light trucks 371PT 2.5 154.1 154.4
78 Aerospace and
miscellaneous
transportation
equipment 372-6,9 4.7 96.3 99.9
79 Instruments 38 5.4 115.3 117.2
80 Miscellaneous 39 1.3 117.5 120.4
81 Nondurable goods ... 40.6 111.4 111.8
82 Foods 20 9.6 112.9 112.6
83 Tobacco products 21 1.6 93.8 94.8
84 Textile mill
products 22 1.8 86.7 90.4
85 Apparel products 23 2.2 93.1 97.0
86 Paper and products 26 3.5 108.1 110.6
87 Printing and
publishing 27 6.8 101.6 102.5
88 Chemicals and
products 28 10.0 121.1 119.5
89 Petroleum products 29 1.4 114.3 115.4
90 Rubber and
plastics 30 3.5 136.8 137.9
91 Leather and
products 31 0.3 63.1 65.7
92 Mining ... 6.8 101.3 103.1
93 Metal 10 0.4 88.4 92.1
94 Coal 12 1.0 111.7 114.9
95 Oil and gas
extraction 13 4.8 96.1 97.6
96 Stone and earth
minerals 14 0.6 132.6 134.3
97 Utilities ... 7.8 119.8 121.3
98 Electric 491,3PT 6.2 123.1 125.2
99 Gas 492,3PT 1.6 109.1 107.1
SPECIAL AGGREGATES
100 Manufacturing
excluding motor
vehicles and parts ... 80.7 143.9 145.8
101 Manufacturing
excluding computers
and office equipment ... 83.8 138.0 139.8
102 Computers,
communications
equipment, and
semiconductors ... 5.6 1,048.5 1,089.4
103 Manufacturing
excluding
computers and
semiconductors ... 81.3 121.2 122.6
104 Manufacturing
excluding computers,
communications
equipment, and
semiconductors ... 79.8 118.2 119.4
Gross value (billions of 1996
dollars, annual rates)
MAJOR MARKETS
105 Products, total ... 100.0 2,720.1 2,754.8
106 Final ... 77.2 2,101.5 2,129.3
107 Consumer goods ... 51.9 1,303.7 1,307.1
108 Equipment ... 25.3 797.4 825.8
109 Intermediate ... 22.8 618.9 625.7
2001
Group May June July Aug.
Index (1992=100)
MAJOR MARKETS
1 Total index 141.6 140.3 140.4 140.0
2 Products 130.9 130.0 130.3 129.4
3 Final products 133.9 132.9 133.2 132.0
4 Consumer goods,
total 121.4 121.1 122.2 121.4
5 Durable
consumer
goods 154.2 153.2 157.0 154.1
6 Automotive
products 152.8 152.3 161.1 155.6
7 Autos and
trucks 165.7 163.4 178.3 169.1
8 Autos,
consumer 97.9 97.2 97.5 90.6
9 Trucks,
consumer 237.9 234.0 264.3 252.6
10 Auto parts
and allied
goods 132.5 135.1 133.9 134.5
11 Other 154.5 152.9 151.0 151.0
12 Appliances,
tele-
visions,
and air
condi-
tioners 292.1 285.0 271.7 289.5
13 Carpeting
and
furniture 117.7 118.6 116.2 117.6
14 Miscella-
neous home
goods 117.7 116.2 117.7 112.7
15 Nondurable
consumer
goods 113.6 113.4 113.9 113.6
16 Foods and
tobacco 108.6 108.9 109.3 108.7
17 Clothing 80.6 78.2 79.0 76.4
18 Chemical
products 145.2 145.7 147.5 146.7
19 Paper products 106.7 106.6 106.0 105.7
20 Energy 116.9 115.8 116.0 117.8
21 Fuels 115.6 115.2 114.3 112.2
22 Residential
utilities 117.2 115.8 116.5 120.5
23 Equipment 156.5 154.1 152.7 150.5
24 Business equipment 181.3 177.8 176.1 173.3
25 Information
processing 286.8 279.6 275.2 271.9
26 Computer and
office
equipment 950.6 948.7 934.2 925.5
27 Industrial 129.0 125.2 123.1 122.2
28 Transit 134.5 133.1 133.8 128.7
29 Autos and
trucks 152.5 150.5 157.1 149.6
30 Other 139.1 140.7 140.8 139.8
31 Defense and space
equipment 73.5 73.4 73.6 73.5
32 Oil and gas well
drilling 151.9 150.4 147.1 143.1
33 Manufactured homes 91.7 96.0 95.4 97.9
34 Intermediate
products, total 122.2 121.4 121.4 121.6
35 Construction
supplies 138.7 138.0 137.3 138.8
36 Business supplies 112.4 111.6 112.0 111.3
37 Materials 159.4 157.4 157.2 157.6
38 Durable goods
materials 216.2 212.9 212.6 212.0
39 Durable consumer
parts 159.6 157.7 160.2 160.8
40 Equipment parts 446.5 436.1 429.9 429.6
41 Other 127.5 126.2 126.4 125.4
42 Basic metal
materials 116.7 115.5 115.7 113.6
43 Nondurable goods
materials 103.0 102.2 102.7 104.0
44 Textile materials 90.9 90.8 87.6 90.1
45 Paper materials 108.3 104.8 107.7 109.5
46 Chemical materials 100.5 100.3 100.9 102.2
47 Other 109.4 109.3 109.7 109.8
48 Energy materials 103.8 103.1 102.3 103.0
49 Primary energy 99.0 99.5 98.5 98.4
50 Converted fuel
materials 113.1 109.1 109.0 111.4
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 141.1 139.9 139.5 139.4
52 Total excluding motor
vehicles and parts 140.2 139.0 138.7 138.5
53 Total excluding
computer and office
equipment 135.7 134.4 134.6 134.1
54 Consumer goods
excluding autos
and trucks 119.0 118.8 119.1 118.8
55 Consumer goods
excluding energy 122.0 121.8 122.9 121.8
56 Business equipment
excluding autos
and trucks 184.9 181.3 178.4 176.2
57 Business equipment
excluding computer
and office equipment 151.7 148.5 147.2 144.7
58 Materials excluding
energy 177.4 175.0 175.0 175.2
MAJOR INDUSTRIES
59 Total Index 141.6 140.3 140.4 140.0
60 Manufacturing 146.4 145.0 145.2 144.5
61 Primary processing 169.4 167.3 167.4 167.3
62 Advanced processing 133.6 132.5 132.9 131.7
63 Durable goods 182.7 180.1 180.0 178.9
64 Lumber and
products 113.7 114.2 114.0 116.2
65 Furniture and
fixtures 140.4 138.3 138.4 138.7
66 Stone, clay, and
glass products 133.0 130.0 130.0 130.8
67 Primary metals 120.8 119.5 119.5 117.5
68 Iron and steel 118.4 117.7 118.8 115.7
69 Raw steel 106.2 107.8 108.3 106.2
70 Nonferrous 124.0 122.0 120.8 119.9
71 Fabricated metal
products 131.0 129.5 131.1 131.0
72 Industrial
machinery and
equipment 217.0 213.8 210.2 211.0
73 Computer and
office equipment 1,095.1 1,095.4 1,074.6 1,064.8
74 Electrical
machinery 511.4 497.6 485.9 485.5
75 Transportation
equipment 133.2 131.9 134.6 131.6
76 Motor vehicles
and parts 169.7 167.7 174.6 169.9
77 Autos and
light trucks 159.5 157.2 170.2 160.9
78 Aerospace and
miscellaneous
transportation
equipment 98.9 98.3 97.1 95.7
79 Instruments 116.8 114.5 115.0 113.9
80 Miscellaneous 119.0 119.8 120.7 116.7
81 Nondurable goods 111.5 111.1 111.5 111.1
82 Foods 112.8 112.9 113.1 113.0
83 Tobacco products 92.9 93.8 95.0 93.2
84 Textile mill
products 86.7 86.8 84.3 85.8
85 Apparel products 96.5 94.0 95.1 91.2
86 Paper and products 108.8 107.1 108.1 107.7
87 Printing and
publishing 102.3 101.3 101.1 100.7
88 Chemicals and
products 119.9 119.5 121.2 121.2
89 Petroleum products 115.6 115.5 114.6 112.9
90 Rubber and
plastics 137.1 137.7 138.0 137.3
91 Leather and
products 63.6 62.2 62.1 62.8
92 Mining 103.0 102.5 101.9 101.4
93 Metal 91.3 88.6 88.8 87.9
94 Coal 113.9 115.9 111.9 111.7
95 Oil and gas
extraction 97.4 97.0 97.0 96.3
96 Stone and earth
minerals 137.1 133.7 130.6 132.2
97 Utilities 119.7 119.1 118.2 121.1
98 Electric 122.8 122.9 121.0 124.5
99 Gas 107.8 105.2 107.4 108.1
SPECIAL AGGREGATES
100 Manufacturing
excluding motor
vehicles and parts 145.1 143.7 143.5 143.0
101 Manufacturing
excluding computers
and office equipment 139.5 138.1 138.4 137.7
102 Computers,
communications
equipment, and
semiconductors 1,065.4 1,036.7 1,006.7 999.5
103 Manufacturing
excluding
computers and
semiconductors 122.6 121.5 122.0 121.3
104 Manufacturing
excluding computers,
communications
equipment, and
semiconductors 119.4 118.5 119.0 118.4
Gross value (billions of 1996
dollars, annual rates)
MAJOR MARKETS
105 Products, total 2,759.1 2,741.6 2,753.0 2,732.0
106 Final 2,133.0 2,118.1 2,129.7 2,107.0
107 Consumer goods 1,312.4 1,307.9 1,322.5 1,312.1
108 Equipment 823.3 811.6 806.5 793.3
109 Intermediate 626.3 623.7 623.5 625.0
2001
Group Sept. Oct. Nov. Dec.
Index (1992=100)
MAJOR MARKETS
1 Total index 138.5 137.7 137.2 136.7
2 Products 127.7 126.8 126.7 126.5
3 Final products 130.0 129.2 129.4 129.1
4 Consumer goods,
total 119.9 119.6 120.0 120.6
5 Durable
consumer
goods 151.8 146.2 152.1 156.2
6 Automotive
products 152.5 145.4 155.4 160.7
7 Autos and
trucks 163.9 154.5 170.7 177.8
8 Autos,
consumer 92.7 86.9 94.8 101.1
9 Trucks,
consumer 239.8 226.5 251.5 259.5
10 Auto parts
and allied
goods 134.8 131.3 131.3 133.6
11 Other 149.8 145.9 146.9 149.7
12 Appliances,
tele-
visions,
and air
condi-
tioners 288.2 271.9 280.1 297.9
13 Carpeting
and
furniture 118.5 116.4 119.2 118.8
14 Miscella-
neous home
goods 110.5 109.2 107.5 108.0
15 Nondurable
consumer
goods 112.3 113.1 112.3 112.2
16 Foods and
tobacco 107.7 108.2 108.6 109.0
17 Clothing 74.8 74.4 73.2 74.7
18 Chemical
products 145.9 148.5 148.0 148.5
19 Paper products 105.1 103.9 102.1 100.2
20 Energy 114.8 116.9 113.4 111.6
21 Fuels 113.9 116.1 115.2 112.6
22 Residential
utilities 115.0 117.0 112.0 110.7
23 Equipment 147.1 145.4 145.0 142.7
24 Business equipment 168.4 166.9 167.2 164.3
25 Information
processing 266.0 267.9 269.1 265.5
26 Computer and
office
equipment 903.0 913.2 927.8 941.2
27 Industrial 119.6 119.4 118.3 114.5
28 Transit 124.6 119.2 118.6 118.7
29 Autos and
trucks 143.6 136.2 143.6 151.4
30 Other 131.7 129.2 134.2 130.2
31 Defense and space
equipment 73.8 74.2 74.3 74.7
32 Oil and gas well
drilling 140.4 127.2 114.4 107.8
33 Manufactured homes 102.9 100.2 99.5 97.7
34 Intermediate
products, total 120.7 119.6 118.9 118.6
35 Construction
supplies 138.1 134.6 134.0 135.6
36 Business supplies 110.4 110.7 109.8 108.6
37 Materials 156.5 155.9 154.8 153.6
38 Durable goods
materials 209.4 207.9 206.5 206.0
39 Durable consumer
parts 155.3 152.3 155.0 157.5
40 Equipment parts 430.4 431.7 427.9 426.7
41 Other 123.8 122.5 120.5 119.0
42 Basic metal
materials 113.3 111.0 106.7 101.9
43 Nondurable goods
materials 104.2 104.7 103.1 101.1
44 Textile materials 89.0 87.2 84.7 84.5
45 Paper materials 110.5 112.4 106.9 103.1
46 Chemical materials 102.1 103.5 102.2 99.3
47 Other 110.2 108.8 110.4 111.2
48 Energy materials 103.1 102.6 102.6 101.6
49 Primary energy 99.4 98.2 98.8 97.9
50 Converted fuel
materials 109.3 110.9 109.1 107.9
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 138.0 137.5 136.6 135.8
52 Total excluding motor
vehicles and parts 137.2 136.8 135.8 134.9
53 Total excluding
computer and office
equipment 132.8 132.0 131.5 130.9
54 Consumer goods
excluding autos
and trucks 117.6 117.8 117.2 117.4
55 Consumer goods
excluding energy 120.6 119.9 120.8 121.7
56 Business equipment
excluding autos
and trucks 171.5 170.8 170.1 165.7
57 Business equipment
excluding computer
and office equipment 140.6 139.0 139.1 136.3
58 Materials excluding
energy 173.7 173.0 171.5 170.3
MAJOR INDUSTRIES
59 Total Index 138.5 137.7 137.2 136.7
60 Manufacturing 142.9 142.1 142.0 141.6
61 Primary processing 166.6 165.6 164.4 163.5
62 Advanced processing 129.8 129.1 129.5 129.3
63 Durable goods 176.1 173.9 174.3 174.1
64 Lumber and
products 116.4 112.8 112.4 113.0
65 Furniture and
fixtures 135.1 133.5 134.8 135.4
66 Stone, clay, and
glass products 129.9 130.3 128.8 126.3
67 Primary metals 116.4 113.6 110.2 103.6
68 Iron and steel 112.7 110.4 107.1 94.6
69 Raw steel 105.8 99.5 95.1 85.5
70 Nonferrous 121.2 117.6 114.1 114.2
71 Fabricated metal
products 128.7 127.5 127.2 129.1
72 Industrial
machinery and
equipment 205.1 202.8 203.4 200.4
73 Computer and
office equipment 1,035.7 1,049.1 1,067.2 1,087.0
74 Electrical
machinery 484.6 484.8 485.1 487.3
75 Transportation
equipment 128.5 124.6 127.2 129.1
76 Motor vehicles
and parts 164.2 157.3 165.9 172.1
77 Autos and
light trucks 156.6 147.4 162.7 169.6
78 Aerospace and
miscellaneous
transportation
equipment 95.0 93.8 91.0 88.9
79 Instruments 112.8 113.6 113.7 112.8
80 Miscellaneous 114.5 113.6 110.7 114.1
81 Nondurable goods 110.5 110.8 110.2 109.7
82 Foods 111.7 112.2 113.0 114.0
83 Tobacco products 92.7 92.8 92.7 90.8
84 Textile mill
products 85.9 83.0 81.9 82.5
85 Apparel products 89.4 87.8 87.3 88.8
86 Paper and products 109.7 108.1 106.2 103.1
87 Printing and
publishing 99.7 99.8 98.9 97.3
88 Chemicals and
products 121.0 123.2 122.4 121.4
89 Petroleum products 112.1 114.9 114.0 112.2
90 Rubber and
plastics 136.5 134.4 133.4 134.8
91 Leather and
products 61.4 60.0 59.2 58.4
92 Mining 102.1 99.5 99.0 97.4
93 Metal 91.2 85.6 80.0 80.1
94 Coal 111.7 106.5 106.6 105.8
95 Oil and gas
extraction 97.0 94.8 94.5 92.6
96 Stone and earth
minerals 131.2 129.6 129.5 129.8
97 Utilities 118.1 119.4 116.2 115.2
98 Electric 121.0 122.3 121.8 119.3
99 Gas 106.9 108.0 96.2 100.5
SPECIAL AGGREGATES
100 Manufacturing
excluding motor
vehicles and parts 141.7 141.3 140.6 139.7
101 Manufacturing
excluding computers
and office equipment 136.2 135.4 135.3 134.8
102 Computers,
communications
equipment, and
semiconductors 994.8 1,002.4 1,002.5 1,006.0
103 Manufacturing
excluding
computers and
semiconductors 119.9 119.1 118.9 118.4
104 Manufacturing
excluding computers,
communications
equipment, and
semiconductors 117.0 116.3 116.1 115.7
Gross value (billions of 1996
dollars, annual rates)
MAJOR MARKETS
105 Products, total 2,694.5 2,669.6 2,679.2 2,683.2
106 Final 2,075.1 2,056.7 2,070.6 2,075.1
107 Consumer goods 1,298.5 1,291.1 1,301.9 1,313.7
108 Equipment 773.1 761.0 763.5 753.5
109 Intermediate 619.4 612.9 608.8 608.3
2002
Jan. Feb. Mar. Apr.
Group (r) (r) (r) (p)
Index (1992=100)
MAJOR MARKETS
1 Total index 137.6 138.0 138.6 139.2
2 Products 126.7 127.0 127.7 127.9
3 Final products 129.3 129.4 129.8 130.1
4 Consumer goods,
total 120.6 121.1 121.8 122.1
5 Durable
consumer
goods 154.5 155.5 157.1 159.2
6 Automotive
products 158.3 158.2 158.9 163.3
7 Autos and
trucks 175.0 173.4 173.0 180.5
8 Autos,
consumer 101.2 110.5 102.3 104.5
9 Trucks,
consumer 253.6 240.6 248.4 261.5
10 Auto parts
and allied
goods 132.0 134.2 136.8 136.0
11 Other 148.7 151.1 153.8 153.2
12 Appliances,
tele-
visions,
and air
condi-
tioners 295.1 303.5 307.7 302.5
13 Carpeting
and
furniture 117.2 118.9 120.0 121.6
14 Miscella-
neous home
goods 108.0 109.0 111.8 111.1
15 Nondurable
consumer
goods 112.6 112.9 113.4 113.4
16 Foods and
tobacco 109.2 109.8 110.5 110.9
17 Clothing 75.4 75.2 76.4 76.2
18 Chemical
products 149.4 147.0 147.1 145.9
19 Paper products 98.8 97.5 97.4 96.7
20 Energy 113.5 118.3 118.5 119.3
21 Fuels 117.4 116.5 115.0 116.6
22 Residential
utilities 111.1 118.9 120.0 120.4
23 Equipment 143.3 142.5 142.2 142.3
24 Business equipment 165.3 164.3 163.9 164.0
25 Information
processing 268.2 269.0 270.9 270.5
26 Computer and
office
equipment 969.2 996.8 1,018.9 1,035.8
27 Industrial 116.1 113.5 114.1 113.7
28 Transit 116.4 117.0 112.5 112.8
29 Autos and
trucks 150.5 155.7 151.7 157.8
30 Other 133.1 130.6 132.7 134.9
31 Defense and space
equipment 74.9 75.0 75.8 76.5
32 Oil and gas well
drilling 107.3 105.3 104.5 100.7
33 Manufactured homes 93.1 89.1 81.5 81.2
34 Intermediate
products, total 118.9 119.8 121.2 121.4
35 Construction
supplies 136.3 137.3 139.3 138.8
36 Business supplies 108.5 109.4 110.5 111.1
37 Materials 155.8 156.6 157.0 158.1
38 Durable goods
materials 209.4 210.5 211.4 212.6
39 Durable consumer
parts 161.4 161.3 161.3 163.7
40 Equipment parts 434.0 437.9 441.0 443.2
41 Other 120.5 121.1 121.7 121.8
42 Basic metal
materials 106.9 107.8 108.4 108.4
43 Nondurable goods
materials 103.3 103.5 103.9 104.2
44 Textile materials 84.9 87.3 90.2 90.3
45 Paper materials 106.9 105.5 104.5 104.6
46 Chemical materials 102.8 103.3 104.0 104.4
47 Other 110.4 110.0 109.9 110.1
48 Energy materials 101.6 102.3 101.9 103.5
49 Primary energy 97.6 97.4 96.7 98.6
50 Converted fuel
materials 108.6 111.5 111.8 112.6
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 136.7 137.2 137.9 138.2
52 Total excluding motor
vehicles and parts 135.8 136.2 137.0 137.2
53 Total excluding
computer and office
equipment 131.7 132.1 132.6 133.1
54 Consumer goods
excluding autos
and trucks 117.6 118.2 118.9 118.9
55 Consumer goods
excluding energy 121.5 121.4 122.2 122.4
56 Business equipment
excluding autos
and trucks 167.0 165.1 165.2 164.5
57 Business equipment
excluding computer
and office equipment 136.8 135.5 134.8 134.7
58 Materials excluding
energy 173.4 174.1 174.8 175.7
MAJOR INDUSTRIES
59 Total Index 137.6 138.0 138.6 139.2
60 Manufacturing 142.6 142.8 143.4 143.9
61 Primary processing 166.6 167.7 168.8 169.5
62 Advanced processing 129.3 129.1 129.5 129.8
63 Durable goods 175.7 175.9 176.9 177.8
64 Lumber and
products 112.9 112.6 114.0 112.9
65 Furniture and
fixtures 133.6 135.0 137.1 138.3
66 Stone, clay, and
glass products 127.7 127.4 128.3 128.3
67 Primary metals 111.3 112.3 112.8 112.7
68 Iron and steel 107.1 110.0 109.4 108.2
69 Raw steel 100.0 101.3 101.2 100.6
70 Nonferrous 116.5 115.3 117.1 118.4
71 Fabricated metal
products 128.7 128.1 129.4 130.5
72 Industrial
machinery and
equipment 204.5 204.8 206.6 207.2
73 Computer and
office equipment 1,118.5 1,149.4 1,174.3 1,192.9
74 Electrical
machinery 494.0 500.0 506.5 508.1
75 Transportation
equipment 128.2 128.3 126.8 128.7
76 Motor vehicles
and parts 171.8 173.1 171.9 177.3
77 Autos and
light trucks 167.1 166.9 165.6 172.5
78 Aerospace and
miscellaneous
transportation
equipment 87.4 86.5 84.8 83.4
79 Instruments 113.8 112.6 113.3 112.7
80 Miscellaneous 114.6 115.0 118.2 119.5
81 Nondurable goods 110.3 110.4 110.8 110.9
82 Foods 113.5 113.7 114.5 115.2
83 Tobacco products 93.1 95.0 95.3 94.4
84 Textile mill
products 82.5 85.0 87.3 87.3
85 Apparel products 89.4 88.7 90.8 90.3
86 Paper and products 105.1 104.3 104.9 104.5
87 Printing and
publishing 96.6 96.1 96.2 96.2
88 Chemicals and
products 123.0 122.4 122.5 122.3
89 Petroleum products 114.8 117.1 115.5 115.9
90 Rubber and
plastics 134.7 135.6 136.4 136.6
91 Leather and
products 60.3 59.5 59.1 58.9
92 Mining 97.0 96.3 95.0 96.0
93 Metal 75.2 76.3 76.8 78.4
94 Coal 104.5 107.0 99.0 101.8
95 Oil and gas
extraction 92.0 90.9 90.4 91.2
96 Stone and earth
minerals 133.7 132.7 131.4 131.5
97 Utilities 115.7 120.2 121.9 123.0
98 Electric 119.8 121.9 124.6 126.6
99 Gas 101.0 113.6 111.5 109.5
SPECIAL AGGREGATES
100 Manufacturing
excluding motor
vehicles and parts 140.8 140.9 141.7 141.8
101 Manufacturing
excluding computers
and office equipment 135.8 135.8 136.5 136.8
102 Computers,
communications
equipment, and
semiconductors 1,032.2 1,059.8 1,077.2 1,087.6
103 Manufacturing
excluding
computers and
semiconductors 119.1 119.0 119.4 119.7
104 Manufacturing
excluding computers,
communications
equipment, and
semiconductors 116.4 116.3 116.8 117.0
Gross value (billions of 1996
dollars, annual rates)
MAJOR MARKETS
105 Products, total 2,686.4 2,696.8 2,709.1 2,722.4
106 Final 2,076.9 2,080.5 2,084.7 2,097.8
107 Consumer goods 1,312.6 1,317.9 1,324.1 1,333.6
108 Equipment 757.1 754.4 751.2 754.5
109 Intermediate 609.7 616.5 624.4 624.6
1. Data in this table appear in the Board's G.17 (419) monthly
statistical release. The data are also available on the Board's
web site, http://www.federalreserve.gov/releases/g17. The latest
historical revision of the industrial production index and the
capacity utilization rates was released in November 2001. The
recent annual revision is described in the March 2002 issue of
the Bulletin. For a description of the methods of estimating
industrial production and capacity utilization, see "Industrial
Production and Capacity Utilization: Historical Revision and
Recent Developments," Federal Reserve Bulletin, vol. 83 (February
1997), pp. 67-92, and the references cited therein. For details
about the construction of individual industrial production series,
see "Industrial Production: 1989 Developments and Historical
Revision," Federal Reserve Bulletin, vol. 76 (April 1990), pp.
187-204.
(2.) Standard Industrial Classification.
International Statistics [] July 2002 Summary Statistics
3.10 U.S. INTERNATIONAL TRANSACTIONS Summary
Millions of dollars; quarterly data seasonally adjusted except as
noted (1)
Item credits or debits 1999 2000 2001
1 Balance on current account -324,364 -444,667 -417,429
2 Balance on goods and
services -261,838 -375,739 -347,810
3 Exports 957,353 1,065,702 1,004,589
4 Imports -1,219,191 -1,441,441 -1,352,399
5 Income, net -13,613 -14,792 -19,118
6 Investment, net -8,511 -9,621 -13,754
7 Direct 67,044 81,231 95,221
8 Portfolio -75,555 -90,852 -108,975
9 Compensation of employees -5,102 -5,171 -5,364
10 Unilateral current
transfers, net -48,913 -54,136 -50,501
11 Change in U.S. government
assets other than official
reserve assets, net
(increase, -) 2,751 -944 -573
12 Change in U.S. official
reserve assets
(increase, -) 8,747 -290 -4,911
13 Gold 0 0 0
14 Special drawing rights
(SDRs) 10 -722 -630
15 Reserve position in
International Monetary
Fund 5,484 2,308 -3,600
16 Foreign currencies 3,253 -1,876 -681
17 Change in U.S. private assets
abroad (increase, -) -448,565 -579,718 -434,079
18 Bank-reported claims (2) -76,263 -138,500 -104,332
19 Nonbank-reported claims -85,700 -163,846 -76,067
20 U.S. purchase of foreign
securities, net -131,217 -124,935 -97,661
21 U.S. direct investments
abroad, net -155,385 -152,437 -156,019
22 Change in foreign official
assets in United States
(increase, +) 43,551 37,619 6,092
23 U.S. Treasury securities 12,177 -10,233 10,760
24 Other U.S. government
obligations 20,350 40,909 20,920
25 Other U.S. government
liabilities (2) -2,855 -1,987 -2,482
26 Other U.S. liabilities
reported by U.S.
banks (2) 12,964 5,803 -28,825
27 Other foreign official
assets (3) 915 3,127 5,719
28 Change in foreign private
assets in United States
(increase, +) 770,193 986,599 889,367
29 U.S. bank-reported
liabilities (4) 54,232 87,953 95,214
30 U.S. nonbank-reported
liabilities 69,075 177,010 98,222
31 Foreign private purchases
of U.S. Treasury
securities, net -20,490 -52,792 15,779
32 U.S. currency flows 22,407 1,129 23,783
33 Foreign purchases of other
U.S. securities, net 343,963 485,644 498,433
34 Foreign direct investments
in United States, net 301,006 287,655 157,936
35 Capital account transactions,
net (5) -3,491 705 726
36 Discrepancy -48,822 696 -39,193
37 Due to seasonal adjustment ... ... ...
38 Before seasonal adjustment -48,822 696 -39,193
MEMO
Changes in official assets
39 U.S. official reserve assets
(increase, -) 8,747 -290 -4,911
40 Foreign official assets in
United States, excluding
line 25 (increase, +) 46,406 39,606 8,574
41 Change in Organization of
Petroleum Exporting
Countries official assets
in United States (part of
line 22) 1,621 11,582 -1,851
2000 2001
Item credits or debits Q4 Q1 Q2
1 Balance on current account -116,324 -112,129 -107,932
2 Balance on goods and
services -100,293 -95,312 -90,835
3 Exports 270,131 268,614 258,833
4 Imports -370,424 -363,926 -349,668
5 Income, net 642 -4,991 -4,967
6 Investment, net 1,971 -3,639 -3,637
7 Direct 25,703 22,698 23,451
8 Portfolio -23,732 -26,337 -27,088
9 Compensation of employees -1,329 -1,352 -1,330
10 Unilateral current
transfers, net -16,673 -11,826 -12,130
11 Change in U.S. government
assets other than official
reserve assets, net
(increase, -) -359 21 -786
12 Change in U.S. official
reserve assets
(increase, -) -1,410 190 -1,343
13 Gold 0 0 0
14 Special drawing rights
(SDRs) -180 -189 -156
15 Reserve position in
International Monetary
Fund -1,083 574 -1,015
16 Foreign currencies -147 -195 -172
17 Change in U.S. private assets
abroad (increase, -) -179,779 -243,513 -70,228
18 Bank-reported claims (2) -71,574 -109,789 -105
19 Nonbank-reported claims -44,514 -61,011 22,232
20 U.S. purchase of foreign
securities, net -24,621 -31,591 -51,109
21 U.S. direct investments
abroad, net -39,070 -41,122 -41,246
22 Change in foreign official
assets in United States
(increase, +) -3,573 4,898 -20,879
23 U.S. Treasury securities -13,436 -1,027 -20,783
24 Other U.S. government
obligations 8,196 3,574 9,932
25 Other U.S. government
liabilities (2) -293 -1,246 -926
26 Other U.S. liabilities
reported by U.S.
banks (2) 980 2,594 -10,130
27 Other foreign official
assets (3) 980 1,003 1,028
28 Change in foreign private
assets in United States
(increase, +) 298,894 342,108 247,806
29 U.S. bank-reported
liabilities (4) 43,365 6,890 44,271
30 U.S. nonbank-reported
liabilities 48,344 130,624 3,375
31 Foreign private purchases
of U.S. Treasury
securities, net -10,395 656 -8,678
32 U.S. currency flows 6,230 2,311 2,772
33 Foreign purchases of other
U.S. securities, net 126,643 148,809 140,512
34 Foreign direct investments
in United States, net 84,707 52,818 65,554
35 Capital account transactions,
net (5) 184 173 177
36 Discrepancy 2,367 8,252 -46,815
37 Due to seasonal adjustment 3,856 9,008 -1,643
38 Before seasonal adjustment -1,489 -756 -45,172
MEMO
Changes in official assets
39 U.S. official reserve assets
(increase, -) -1,410 190 -1,343
40 Foreign official assets in
United States, excluding
line 25 (increase, +) -3,280 6,144 -19,953
41 Change in Organization of
Petroleum Exporting
Countries official assets
in United States (part of
line 22) 164 589 -1,743
2001
Item credits or debits Q3 Q4
1 Balance on current account -98,531 -98,835
2 Balance on goods and
services -78,450 -83,215
3 Exports 243,143 234,000
4 Imports -321,593 -317,215
5 Income, net -7,412 -1,744
6 Investment, net -6,095 -378
7 Direct 21,974 27,102
8 Portfolio -28,069 -27,480
9 Compensation of employees -1,317 -1,366
10 Unilateral current
transfers, net -12,669 -13,876
11 Change in U.S. government
assets other than official
reserve assets, net
(increase, -) 21 171
12 Change in U.S. official
reserve assets
(increase, -) -3,559 -199
13 Gold 0 0
14 Special drawing rights
(SDRs) -145 -140
15 Reserve position in
International Monetary
Fund -3,242 83
16 Foreign currencies -172 -142
17 Change in U.S. private assets
abroad (increase, -) -13,905 -106,432
18 Bank-reported claims (2) 59,116 -53,554
19 Nonbank-reported claims -40,361 3,073
20 U.S. purchase of foreign
securities, net 10,564 -25,525
21 U.S. direct investments
abroad, net -43,224 -30,426
22 Change in foreign official
assets in United States
(increase, +) 16,877 5,196
23 U.S. Treasury securities 15,810 16,760
24 Other U.S. government
obligations -216 7,630
25 Other U.S. government
liabilities (2) 119 -429
26 Other U.S. liabilities
reported by U.S.
banks (2) -817 -20,472
27 Other foreign official
assets (3) 1,981 1,707
28 Change in foreign private
assets in United States
(increase, +) 40,841 258,610
29 U.S. bank-reported
liabilities (4) -59,350 103,403
30 U.S. nonbank-reported
liabilities -3,941 -31,836
31 Foreign private purchases
of U.S. Treasury
securities, net -9,459 33,260
32 U.S. currency flows 8,203 10,497
33 Foreign purchases of other
U.S. securities, net 82,777 126,335
34 Foreign direct investments
in United States, net 22,611 16,951
35 Capital account transactions,
net (5) 182 194
36 Discrepancy 58,074 -58,705
37 Due to seasonal adjustment -8,580 1,214
38 Before seasonal adjustment 66,654 -59,919
MEMO
Changes in official assets
39 U.S. official reserve assets
(increase, -) -3,559 -199
40 Foreign official assets in
United States, excluding
line 25 (increase, +) 16,758 5,625
41 Change in Organization of
Petroleum Exporting
Countries official assets
in United States (part of
line 22) -4,045 3,348
(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
2001
Asset 1998 1999 2000 Oct.
1 Total 81,761 71,516 67,647 69,707
2 Gold stock (1) 11,046 11,048 11,046 11,045
3 Special drawing rights (2),(3) 10,603 10,336 10,539 10,827
4 Reserve position in International
Monetary Fund (2) 24,111 17,950 14,824 17,787
5 Foreign currencies (4) 36,001 32,182 31,238 30,048
2001 2002
Asset Nov. Dec. Jan. Feb.
1 Total 69,158 68,654 67,532 67,357
2 Gold stock (1) 11,045 11,045 11,044 11,044
3 Special drawing rights (2),(3) 10,864 10,774 10,657 10,763
4 Reserve position in International
Monetary Fund (2) 17,293 17,854 17,602 17,169
5 Foreign currencies (4) 29,956 28,981 28,229 28,381
2002
Asset Mar. Apr. May (p)
1 Total 67,574 67,844 69,579
2 Gold stock (1) 11,044 11,044 11,044
3 Special drawing rights (2),(3) 10,809 10,988 11,297
4 Reserve position in International
Monetary Fund (2) 17,078 16,184 16,498
5 Foreign currencies (4) 28,643 29,628 30,740
(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
2001
Asset 1998 1999 2000 Oct.
1 Deposits 167 71 215 75
Held in custody
2 U.S. Treasury securities (2) 607,574 632,482 594,094 599,043
3 Earmarked gold (3) 10,343 9,933 9,451 9,099
2001 2002
Asset Nov. Dec. Jan. Feb.
1 Deposits 528 61 162 89
Held in custody
2 U.S. Treasury securities (2) 600,129 592,630 592,031 591,202
3 Earmarked gold (3) 9,099 9,099 9,098 9,098
2002
Asset Mar. Apr. May (p)
1 Deposits 256 111 127
Held in custody
2 U.S. Treasury securities (2) 593,865 589,531 605,501
3 Earmarked gold (3) 9,098 9,091 9,084
(1.) Excludes deposits and U.S. Treasury securities held for
international and regional organizations
(2.) Marketable U.S. Treasury bills, notes, and bonds and
nonmarketable U.S. Treasury securities, in each case measured
at face (not market) value.
(3.) Held in foreign and international accounts and valued at
$42.22 per fine troy ounce not included in the gold stock of
the United States.
3.15 SELECTED U.S. LIABILITIES TO FOREIGN OFFICIAL INSTITUTIONS
Millions of dollars, end of period
2001
Item 1999 2000 Sept.
1 Total (1) 806,318 845,869 852,195
By type
2 Liabilities reported by banks in the
United States (2) 138,847 144,593 143,632
3 U.S. Treasury bills and
certificates (3) 156,177 153,010 153,899
U.S. Treasury bonds and notes
4 Marketable 422,266 415,964 409,872
5 Nonmarketable (4) 6,111 5,348 4,036
6 U.S. securities other than U.S.
Treasury securities (5) 82,917 126,954 140,756
By area
7 Europe (1) 244,805 253,592 262,503
8 Canada 12,503 12,394 11,299
9 Latin America and Caribbean 73,518 76,753 75,712
10 Asia 463,703 488,170 488,485
11 Africa 7,523 9,165 10,246
12 Other countries 4,266 5,795 3,950
2001
Item Oct. Nov. Dec.
1 Total (1) 860,445 867,512 857,786
By type
2 Liabilities reported by banks in the
United States (2) 140,003 130,661 123,125
3 U.S. Treasury bills and
certificates (3) 161,081 167,562 161,719
U.S. Treasury bonds and notes
4 Marketable 412,111 418,377 419,438
5 Nonmarketable (4) 3,520 3,398 3,411
6 U.S. securities other than U.S.
Treasury securities (5) 143,730 147,514 150,093
By area
7 Europe (1) 263,750 262,119 256,404
8 Canada 11,780 12,589 12,107
9 Latin America and Caribbean 77,555 77,244 77,374
10 Asia 490,897 498,815 497,333
11 Africa 10,337 9,560 9,646
12 Other countries 6,126 7,185 4,922
2002
Item Jan. Feb. (r) Mar. (p)
1 Total (1) 861,508 868,753 867,618
By type
2 Liabilities reported by banks in the
United States (2) 122,181 133,554 125,517
3 U.S. Treasury bills and
certificates (3) 166,640 164,076 161,312
U.S. Treasury bonds and notes
4 Marketable 416,438 414,261 419,515
5 Nonmarketable (4) 3,433 3,138 3,159
6 U.S. securities other than U.S.
Treasury securities (5) 152,816 153,724 158,115
By area
7 Europe (1) 262,573 256,438 255,772
8 Canada 12,421 13,126 12,975
9 Latin America and Caribbean 74,931 74,017 72,737
10 Asia 495,025 509,774 509,721
11 Africa 10,901 10,049 9,510
12 Other countries 5,657 5,349 6,903
(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 department by banks (including Federal Reserve Banks)
and securities dealers in the United States, and on the 1994 benchmark
survey of foreign portfolio investment in the United States.
Bank-Reported Data
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
2001
Item 1998 1999 2000 Mar.
1 Banks' liabilities 101,125 88,537 77,779 89,394
2 Banks' claims 78,162 67,365 56,912 73,179
3 Deposits 45,985 34,426 23,315 29,902
4 Other claims 32,177 32,939 33,597 43,277
5 Claims of banks' domestic
customers (2) 20,718 20,826 24,411 21,105
2001
Item June Sept. Dec.
1 Banks' liabilities 108,418 93,513 90,532
2 Banks' claims 77,400 69,068 75,846
3 Deposits 32,765 36,574 45,382
4 Other claims 44,635 32,494 30,464
5 Claims of banks' domestic
customers (2) 21,144 20,885 17,631
(1.) Data on claims exclude foreign currencies held by U.S. monetary
authorities.
(2.) Assets owned by customers of the reporting bank located in the
United States that represent claims on foreigners held by reporting
banks for the accounts of the domestic customers.
3.17 LIABILITIES TO FOREIGNERS
Reported by Banks in the United States (1)
Payable in U.S. dollars
Millions of dollars, end of period
Item 1999 2000 2001
BY HOLDER AND
TYPE OF LIABILITY
1 Total, all foreigners 1,408,740 1,511,410 1,618,798 (r)
2 Banks' own liabilities 971,536 1,077,636 1,172,303 (r)
3 Demand deposits 42,884 33,365 33,600 (r)
4 Time deposits (2) 163,620 187,883 154,160 (r)
5 Other (3) 155,853 171,401 199,149 (r)
6 Own foreign
offices (4) 609,179 684,987 785,394 (r)
7 Banks' custodial
liabilities (5) 437,204 433,774 446,495 (r)
8 U.S. Treasury bills
and certificates
(6) 185,676 177,846 185,925
9 Short-term agency
securities (7) n.a. n.a. 59,781
10 Other negotiable and
readily
transferable
instruments (8) 132,617 145,840 80,026
11 Other 118,911 110,088 120,763 (r)
12 Nonmonetary
international and
regional
organizations (9) 15,276 12,542 10,804
13 Banks' own
liabilities 14,357 12,140 10,166
14 Demand deposits 98 41 34
15 Time deposits (2) 10,349 6,246 3,755
16 Other (3) 3,910 5,853 6,377
17 Banks' custodial
liabilities (5) 919 402 638
18 U.S. Treasury bills
and certificates
(6) 680 252 577
19 Short-term agency
securities (7) n.a. n.a. 40
20 Other negotiable
and readily
transferable
instruments (8) 233 149 21
21 Other 6 1 0
22 Official institutions
(10) 295,024 297,603 284,844
23 Banks' own
liabilities 97,615 96,989 83,524
24 Demand deposits 3,341 3,952 2,988
25 Time deposits (2) 28,942 35,573 19,471
26 Other (3) 65,332 57,464 61,065
27 Banks' custodial
liabilities (5) 197,409 200,614 201,320
28 U.S. Treasury bills
and certificates
(6) 156,177 153,010 161,719
29 Short-term agency
securities (7) n.a. n.a. 36,351
30 Other negotiable
and readily
transferable
instruments (8) 41,182 47,366 2,180
31 Other 50 238 1,070
32 Banks (11) 900,379 972,932 1,047,154 (r)
33 Banks' own
liabilities 728,492 821,306 907,868 (r)
34 Unaffiliated
foreign banks 119,313 136,319 122,474
35 Demand deposits
(2) 17,583 15,522 13,089
36 Time deposits 48,140 66,904 52,910
37 Other (3) 53,590 53,893 56,475
38 Own foreign
offices (4) 609,179 684,987 785,394 (r)
39 Banks' custodial
liabilities (5) 171,887 151,626 139,286 (r)
40 U.S. Treasury bills
and certificates
(6) 16,796 16,023 11,499
41 Short-term agency
securities (7) n.a. n.a. 2,078
42 Other negotiable
and readily
transferable
instruments (8) 45,695 36,036 21,981
43 Other 109,396 99,567 103,728 (r)
44 Other foreigners 198,061 228,333 275,996 (r)
45 Banks' own
liabilities 131,072 147,201 170,745 (r)
46 Demand deposits 21,862 13,850 17,489 (r)
47 Time deposits (2) 76,189 79,160 78,024 (r)
48 Other (3) 33,021 54,191 75,232 (r)
49 Banks' custodial
liabilities (5) 66,989 81,132 105,251
50 U.S. Treasury
bills and
certificates (6) 12,023 8,561 12,130
51 Short-term agency
securities (7) n.a. n.a. 21,312
52 Other negotiable
and readily
transferable
instruments (8) 45,507 62,289 55,844
53 Other 9,459 10,282 15,965
MEMO
54 Negotiable time
certificates of
deposits in custody
for foreigners 30,345 34,217 20,440
55 Repurchase agreements
(7) n.a. n.a. 150,737 (r)
AREA OR COUNTRY
56 Total, all foreigners 1,408,740 1,511,410 1,618,798 (r)
57 Foreign countries 1,393,464 1,498,867 1,607,994 (r)
58 Europe 441,810 446,788 520,874 (r)
59 Austria 2,789 2,692 2,919
60 Belgium (12) 44,692 33,399 6,548
61 Denmark 2,196 3,000 3,625
62 Finland 1,658 1,411 1,445
63 France 49,790 37,833 49,034
64 Germany 24,753 35,519 22,342
65 Greece 3,748 2,011 2,303
66 Italy 6,775 5,072 6,342
67 Luxembourg (12) n.a. n.a. 16,875
68 Netherlands 8,143 7,047 12,404
69 Norway 1,327 2,305 3,725
70 Portugal 2,228 2,403 4,029
71 Russia 5,475 19,018 20,782
72 Spain 10,426 7,787 8,791
73 Sweden 4,652 6,497 3,371
74 Switzerland 63,485 74,635 66,380
75 Turkey 7,842 7,548 7,472
76 United Kingdom 172,687 167,757 204,162 (r)
77 Channel Islands and
Isle of Man (13) n.a. n.a. 36,057
78 Yugoslavia (14) 286 276 309
79 Other Europe and
other former
U.S.S.R. (15) 28,858 30,578 41,959
80 Canada 34,214 30,982 27,099
81 Latin America 117,495 120,041 117,528 (r)
82 Argentina 18,633 19,451 10,655 (r)
83 Brazil 12,865 10,852 14,135 (r)
84 Chile 7,008 5,892 4,929
85 Colombia 5,669 4,542 4,668 (r)
86 Ecuador 1,956 2,112 2,377 (r)
87 Guatemala 1,626 1,601 1,876
88 Mexico 30,717 32,166 39,630 (r)
89 Panama 4,415 4,240 3,588
90 Peru 1,142 1,427 1,350
91 Uruguay 2,386 3,003 3,160
92 Venezuela 20,192 24,730 24,920 (r)
93 Other Latin
America (16) 10,886 10,025 6,240 (r)
94 Caribbean 461,200 573,337 630,940 (r)
95 Bahamas 135,811 189,298 179,187
96 Bermuda 7,874 9,636 10,423
97 British West
Indies (17) 312,278 367,197 n.a.
98 Cayman Islands (17) n.a. n.a. 423,644 (r)
99 Cuba 75 90 88
100 Jamaica 520 794 1,179
101 Netherlands Antilles 4,047 5,428 3,172 (r)
102 Trinidad and Tobago 595 894 1,266
103 Other Caribbean (16) n.a. n.a. 11,981 (r)
104 Asia 319,489 305,554 293,969
China
105 Mainland 12,325 16,531 10,472
106 Taiwan 13,603 17,352 17,562
107 Hong Kong 27,701 26,462 26,494
108 India 7,367 4,530 3,703
109 Indonesia 6,567 8,514 12,381
110 Israel 7,488 8,053 7,826
111 Japan 159,075 150,415 155,260
112 Korea (South) 12,988 7,955 9,014
113 Philippines 3,268 2,316 1,764
114 Thailand 6,050 3,117 4,742
115 Middle Eastern
oil-exporting
countries (18) 21,314 23,763 20,022
116 Other 41,743 36,546 24,729
117 Africa 9,468 10,824 11,343
118 Egypt 2,022 2,621 2,774
119 Morocco 179 139 273
120 South Africa 1,495 1,010 833
121 Congo (formerly
Zaire) 14 4 4
122 Oil-exporting
countries (19) 2,914 4,052 4,372
123 Other 2,844 2,998 3,087
124 Other countries 9,788 11,341 6,241
125 Australia 8,377 10,070 5,590
126 New Zealand (20) n.a. n.a. 239
127 All other 1,411 1,271 412
128 Nonmonetary
international
and regional
organizations 15,276 12,543 10,804
129 International (21) 12,876 11,270 9,305
130 Latin American
regional (22) 1,150 740 480
131 Other regional (23) 1,250 533 935
2001
Item Sept. Oct. Nov.
BY HOLDER AND
TYPE OF LIABILITY
1 Total, all foreigners 1,503,862 1,584,534 (r) 1,655,018 (r)
2 Banks' own liabilities 1,071,272 1,132,115 (r) 1,194,815 (r)
3 Demand deposits 35,785 29,735 (r) 34,725 (r)
4 Time deposits (2) 178,029 167,943 (r) 155,530 (r)
5 Other (3) 197,782 206,752 (r) 219,037 (r)
6 Own foreign
offices (4) 659,676 727,685 (r) 785,523 (r)
7 Banks' custodial
liabilities (5) 432,590 452,419 460,203 (r)
8 U.S. Treasury bills
and certificates
(6) 173,237 182,927 191,048
9 Short-term agency
securities (7) 62,117 65,652 59,723
10 Other negotiable and
readily
transferable
instruments (8) 75,332 77,465 79,074
11 Other 121,904 126,375 130,358 (r)
12 Nonmonetary
international and
regional
organizations (9) 13,309 10,336 11,168
13 Banks' own
liabilities 13,075 9,773 10,332
14 Demand deposits 36 40 21
15 Time deposits (2) 2,299 2,827 3,133
16 Other (3) 10,740 6,906 7,178
17 Banks' custodial
liabilities (5) 234 563 836
18 U.S. Treasury bills
and certificates
(6) 118 521 779
19 Short-term agency
securities (7) 102 18 36
20 Other negotiable
and readily
transferable
instruments (8) 13 13 17
21 Other 1 11 4
22 Official institutions
(10) 297,531 301,084 298,223
23 Banks' own
liabilities 101,420 96,143 92,346
24 Demand deposits 3,038 2,496 3,336
25 Time deposits (2) 31,997 24,275 18,348
26 Other (3) 66,385 69,372 70,662
27 Banks' custodial
liabilities (5) 196,111 204,941 205,877
28 U.S. Treasury bills
and certificates
(6) 153,899 161,081 167,562
29 Short-term agency
securities (7) 39,961 41,078 35,037
30 Other negotiable
and readily
transferable
instruments (8) 2,230 1,946 1,715
31 Other 21 836 1,563
32 Banks (11) 942,612 1,011,190 (r) 1,070,753 (r)
33 Banks' own
liabilities 800,631 863,889 (r) 921,781 (r)
34 Unaffiliated
foreign banks 140,955 136,204 136,258
35 Demand deposits
(2) 15,675 11,166 13,149
36 Time deposits 64,335 61,244 56,132
37 Other (3) 60,945 63,794 66,977
38 Own foreign
offices (4) 659,676 727,685 (r) 785,523 (r)
39 Banks' custodial
liabilities (5) 141,981 147,301 148,972 (r)
40 U.S. Treasury bills
and certificates
(6) 8,784 10,288 10,907
41 Short-term agency
securities (7) 2,629 2,868 2,470
42 Other negotiable
and readily
transferable
instruments (8) 24,176 23,900 23,384
43 Other 106,392 110,245 112,211 (r)
44 Other foreigners 250,410 261,924 (r) 274,874 (r)
45 Banks' own
liabilities 156,146 162,310 (r) 170,356 (r)
46 Demand deposits 17,036 16,033 (r) 18,219 (r)
47 Time deposits (2) 79,398 79,597 (r) 77,917 (r)
48 Other (3) 59,712 66,680 (r) 74,220 (r)
49 Banks' custodial
liabilities (5) 94,264 99,614 104,518
50 U.S. Treasury
bills and
certificates (6) 10,436 11,037 11,800
51 Short-term agency
securities (7) 19,425 21,688 22,180
52 Other negotiable
and readily
transferable
instruments (8) 48,913 51,606 53,958
53 Other 15,490 15,283 16,580
MEMO
54 Negotiable time
certificates of
deposits in custody
for foreigners 23,228 22,646 22,778
55 Repurchase agreements
(7) 111,109 127,386 (r) 134,672 (r)
AREA OR COUNTRY
56 Total, all foreigners 1,503,862 1,584,534 (r) 1,655,018 (r)
57 Foreign countries 1,490,553 1,574,197 (r) 1,643,850 (r)
58 Europe 416,536 455,810 (r) 520,372 (r)
59 Austria 2,491 2,117 2,944
60 Belgium (12) 7,119 6,960 6,640
61 Denmark 3,213 3,752 4,248
62 Finland 1,276 1,223 1,135
63 France 38,447 49,059 49,692
64 Germany 20,426 23,707 23,111
65 Greece 2,414 2,409 2,081
66 Italy 5,794 5,445 5,913
67 Luxembourg (12) 15,123 14,612 16,536
68 Netherlands 11,164 12,286 13,079
69 Norway 3,606 3,145 3,056
70 Portugal 2,746 3,787 3,924
71 Russia 22,942 23,431 21,243
72 Spain 8,994 9,785 10,595
73 Sweden 3,726 3,461 3,705
74 Switzerland 39,735 39,706 81,128
75 Turkey 6,204 6,749 6,822
76 United Kingdom 139,769 163,658 (r) 184,066 (r)
77 Channel Islands and
Isle of Man (13) 36,072 36,392 36,161
78 Yugoslavia (14) 313 313 310
79 Other Europe and
other former
U.S.S.R. (15) 44,962 43,813 43,983
80 Canada 26,251 25,522 27,920
81 Latin America 119,664 122,541 (r) 120,293 (r)
82 Argentina 15,128 13,407 (r) 10,783 (r)
83 Brazil 17,279 16,401 (r) 14,290 (r)
84 Chile 5,746 5,417 (r) 5,298 (r)
85 Colombia 4,454 4,589 4,643
86 Ecuador 2,110 2,105 (r) 2,010 (r)
87 Guatemala 1,451 1,851 1,934
88 Mexico 37,343 40,368 (r) 40,245 (r)
89 Panama 3,761 3,741 3,524 (r)
90 Peru 1,450 1,509 1,585
91 Uruguay 2,726 3,133 3,300 (r)
92 Venezuela 21,818 23,590 (r) 26,105 (r)
93 Other Latin
America (16) 6,398 6,430 (r) 6,576 (r)
94 Caribbean 607,577 649,655 (r) 656,522 (r)
95 Bahamas 178,270 212,415 201,674
96 Bermuda 7,887 9,641 9,209
97 British West
Indies (17) n.a. n.a. n.a.
98 Cayman Islands (17) 403,425 406,404 (r) 425,945 (r)
99 Cuba 154 86 85
100 Jamaica 971 880 930
101 Netherlands Antilles 4,584 6,097 (r) 4,075 (r)
102 Trinidad and Tobago 1,415 1,509 1,768
103 Other Caribbean (16) 10,871 12,623 (r) 12,836 (r)
104 Asia 301,197 301,042 299,103
China
105 Mainland 16,902 17,891 12,378
106 Taiwan 22,276 19,194 21,116
107 Hong Kong 24,591 23,158 26,305
108 India 4,017 3,891 3,916
109 Indonesia 11,903 12,351 11,758
110 Israel 8,995 7,343 7,742
111 Japan 149,724 160,015 157,763
112 Korea (South) 7,733 7,725 8,098
113 Philippines 1,774 1,756 2,109
114 Thailand 3,379 3,666 4,792
115 Middle Eastern
oil-exporting
countries (18) 20,936 18,443 18,620
116 Other 28,967 25,609 24,506
117 Africa 11,585 12,088 11,222
118 Egypt 3,026 2,910 3,110
119 Morocco 233 331 344
120 South Africa 751 886 1,018
121 Congo (formerly
Zaire) 2 4 1
122 Oil-exporting
countries (19) 4,456 4,980 3,967
123 Other 3,117 2,977 2,782
124 Other countries 7,743 7,539 8,418
125 Australia 6,815 6,584 7,799
126 New Zealand (20) 437 506 218
127 All other 491 449 401
128 Nonmonetary
international
and regional
organizations 13,309 10,337 11,168
129 International (21) 12,224 8,784 9,410
130 Latin American
regional (22) 569 680 462
131 Other regional (23) 476 822 1,234
2001 2002
Item Dec. Jan.
BY HOLDER AND
TYPE OF LIABILITY
1 Total, all foreigners 1,618,798 (r) 1,565,699 (r)
2 Banks' own liabilities 1,172,303 (r) 1,107,502 (r)
3 Demand deposits 33,600 (r) 31,704 (r)
4 Time deposits (2) 154,160 (r) 151,856 (r)
5 Other (3) 199,149 (r) 208,627 (r)
6 Own foreign
offices (4) 785,394 (r) 715,315 (r)
7 Banks' custodial
liabilities (5) 446,495 (r) 458,197 (r)
8 U.S. Treasury bills
and certificates
(6) 185,925 190,033
9 Short-term agency
securities (7) 59,781 52,515
10 Other negotiable and
readily
transferable
instruments (8) 80,026 80,270
11 Other 120,763 (r) 135,379 (r)
12 Nonmonetary
international and
regional
organizations (9) 10,804 17,155
13 Banks' own
liabilities 10,166 16,227
14 Demand deposits 34 35
15 Time deposits (2) 3,755 7,581
16 Other (3) 6,377 8,611
17 Banks' custodial
liabilities (5) 638 928
18 U.S. Treasury bills
and certificates
(6) 577 883
19 Short-term agency
securities (7) 40 24
20 Other negotiable
and readily
transferable
instruments (8) 21 21
21 Other 0 0
22 Official institutions
(10) 284,844 288,821
23 Banks' own
liabilities 83,524 87,346
24 Demand deposits 2,988 2,877
25 Time deposits (2) 19,471 15,141
26 Other (3) 61,065 69,328
27 Banks' custodial
liabilities (5) 201,320 201,475
28 U.S. Treasury bills
and certificates
(6) 161,719 166,640
29 Short-term agency
securities (7) 36,351 31,445
30 Other negotiable
and readily
transferable
instruments (8) 2,180 2,191
31 Other 1,070 1,199
32 Banks (11) 1,047,154 (r) 989,277 (r)
33 Banks' own
liabilities 907,868 (r) 836,092 (r)
34 Unaffiliated
foreign banks 122,474 120,777
35 Demand deposits
(2) 13,089 10,376
36 Time deposits 52,910 51,849
37 Other (3) 56,475 58,552
38 Own foreign
offices (4) 785,394 (r) 715,315 (r)
39 Banks' custodial
liabilities (5) 139,286 (r) 153,185 (r)
40 U.S. Treasury bills
and certificates
(6) 11,499 10,181
41 Short-term agency
securities (7) 2,078 2,525
42 Other negotiable
and readily
transferable
instruments (8) 21,981 22,959
43 Other 103,728 (r) 117,520 (r)
44 Other foreigners 275,996 (r) 270,446 (r)
45 Banks' own
liabilities 170,745 (r) 167,837 (r)
46 Demand deposits 17,489 (r) 18,416 (r)
47 Time deposits (2) 78,024 (r) 77,285 (r)
48 Other (3) 75,232 (r) 72,136 (r)
49 Banks' custodial
liabilities (5) 105,251 102,609
50 U.S. Treasury
bills and
certificates (6) 12,130 12,329
51 Short-term agency
securities (7) 21,312 18,521
52 Other negotiable
and readily
transferable
instruments (8) 55,844 55,099
53 Other 15,965 16,660
MEMO
54 Negotiable time
certificates of
deposits in custody
for foreigners 20,440 22,095
55 Repurchase agreements
(7) 150,737 (r) 127,852 (r)
AREA OR COUNTRY
56 Total, all foreigners 1,618,798 (r) 1,565,699
57 Foreign countries 1,607,994 (r) 1,548,544
58 Europe 520,874 (r) 503,119
59 Austria 2,919 2,999
60 Belgium (12) 6,548 6,573
61 Denmark 3,625 3,149
62 Finland 1,445 1,372
63 France 49,034 45,102
64 Germany 22,342 23,794
65 Greece 2,303 2,706
66 Italy 6,342 5,597
67 Luxembourg (12) 16,875 15,100
68 Netherlands 12,404 13,354
69 Norway 3,725 4,976
70 Portugal 4,029 4,369
71 Russia 20,782 19,776
72 Spain 8,791 12,618
73 Sweden 3,371 3,104
74 Switzerland 66,380 80,813
75 Turkey 7,472 8,088
76 United Kingdom 204,162 (r) 169,333
77 Channel Islands and
Isle of Man (13) 36,057 36,474
78 Yugoslavia (14) 309 298
79 Other Europe and
other former
U.S.S.R. (15) 41,959 43,524
80 Canada 27,099 28,003
81 Latin America 117,528 (r) 115,702
82 Argentina 10,655 (r) 9,904
83 Brazil 14,135 (r) 13,132
84 Chile 4,929 5,275
85 Colombia 4,668 (r) 4,506
86 Ecuador 2,377 (r) 2,231
87 Guatemala 1,876 1,861
88 Mexico 39,630 (r) 40,355
89 Panama 3,588 3,514
90 Peru 1,350 1,341
91 Uruguay 3,160 2,646
92 Venezuela 24,920 (r) 24,258
93 Other Latin
America (16) 6,240 (r) 6,679
94 Caribbean 630,940 (r) 600,706
95 Bahamas 179,187 156,241
96 Bermuda 10,423 9,573
97 British West
Indies (17) n.a. n.a.
98 Cayman Islands (17) 423,644 (r) 418,101
99 Cuba 88 88
100 Jamaica 1,179 1,106
101 Netherlands Antilles 3,172 (r) 3,471
102 Trinidad and Tobago 1,266 1,979
103 Other Caribbean (16) 11,981 (r) 10,147
104 Asia 293,969 280,481
China
105 Mainland 10,472 8,501
106 Taiwan 17,562 16,997
107 Hong Kong 26,494 25,221
108 India 3,703 3,766
109 Indonesia 12,381 11,893
110 Israel 7,826 10,727
111 Japan 155,260 146,927
112 Korea (South) 9,014 6,716
113 Philippines 1,764 1,910
114 Thailand 4,742 4,651
115 Middle Eastern
oil-exporting
countries (18) 20,022 17,850
116 Other 24,729 25,322
117 Africa 11,343 12,988
118 Egypt 2,774 4,271
119 Morocco 273 243
120 South Africa 833 1,137
121 Congo (formerly
Zaire) 4 6
122 Oil-exporting
countries (19) 4,372 4,165
123 Other 3,087 3,166
124 Other countries 6,241 7,545
125 Australia 5,590 6,759
126 New Zealand (20) 239 371
127 All other 412 415
128 Nonmonetary
international
and regional
organizations 10,804 17,155
129 International (21) 9,305 15,521
130 Latin American
regional (22) 480 443
131 Other regional (23) 935 1,113
2002
Item Feb. Mar. (p)
BY HOLDER AND
TYPE OF LIABILITY
1 Total, all foreigners 1,599,345 (r) 1,612,956
2 Banks' own liabilities 1,131,045 (r) 1,148,277
3 Demand deposits 32,736 (r) 38,272
4 Time deposits (2) 146,489 143,946
5 Other (3) 215,684 (r) 210,183
6 Own foreign
offices (4) 736,136 (r) 755,876
7 Banks' custodial
liabilities (5) 468,300 (r) 464,679
8 U.S. Treasury bills
and certificates
(6) 187,733 189,137
9 Short-term agency
securities (7) 66,056 63,694
10 Other negotiable and
readily
transferable
instruments (8) 81,730 (r) 81,903
11 Other 132,781 (r) 129,945
12 Nonmonetary
international and
regional
organizations (9) 15,453 12,106
13 Banks' own
liabilities 14,553 10,914
14 Demand deposits 31 22
15 Time deposits (2) 5,482 7,023
16 Other (3) 9,040 3,869
17 Banks' custodial
liabilities (5) 900 1,192
18 U.S. Treasury bills
and certificates
(6) 859 1,105
19 Short-term agency
securities (7) 24 21
20 Other negotiable
and readily
transferable
instruments (8) 17 21
21 Other 0 45
22 Official institutions
(10) 297,630 (r) 286,821
23 Banks' own
liabilities 85,142 (r) 80,685
24 Demand deposits 2,150 (r) 3,285
25 Time deposits (2) 16,265 13,882
26 Other (3) 66,727 63,518
27 Banks' custodial
liabilities (5) 212,488 206,136
28 U.S. Treasury bills
and certificates
(6) 164,076 161,312
29 Short-term agency
securities (7) 45,085 40,826
30 Other negotiable
and readily
transferable
instruments (8) 2,307 2,785
31 Other 1,020 1,213
32 Banks (11) 1,013,798 (r) 1,043,162
33 Banks' own
liabilities 863,927 (r) 885,630
34 Unaffiliated
foreign banks 127,791 (r) 129,754
35 Demand deposits
(2) 12,786 (r) 16,340
36 Time deposits 47,784 47,145
37 Other (3) 67,221 66,269
38 Own foreign
offices (4) 736,136 (r) 755,876
39 Banks' custodial
liabilities (5) 149,871 (r) 157,532
40 U.S. Treasury bills
and certificates
(6) 10,289 10,959
41 Short-term agency
securities (7) 1,916 2,423
42 Other negotiable
and readily
transferable
instruments (8) 23,694 (r) 24,964
43 Other 113,972 (r) 119,186
44 Other foreigners 272,464 (r) 270,867
45 Banks' own
liabilities 167,423 (r) 171,048
46 Demand deposits 17,769 (r) 18,625
47 Time deposits (2) 76,958 75,896
48 Other (3) 72,696 (r) 76,527
49 Banks' custodial
liabilities (5) 105,041 99,819
50 U.S. Treasury
bills and
certificates (6) 12,509 15,761
51 Short-term agency
securities (7) 19,031 20,424
52 Other negotiable
and readily
transferable
instruments (8) 55,712 54,133
53 Other 17,789 9,501
MEMO
54 Negotiable time
certificates of
deposits in custody
for foreigners 22,831 21,498
55 Repurchase agreements
(7) 131,331 (r) 127,160
AREA OR COUNTRY
56 Total, all foreigners 1,599,345 1,612,956
57 Foreign countries 1,583,892 1,600,850
58 Europe 516,860 519,149
59 Austria 3,050 3,146
60 Belgium (12) 6,567 7,930
61 Denmark 2,970 2,878
62 Finland 1,159 1,682
63 France 41,172 35,113
64 Germany 23,740 26,106
65 Greece 2,856 2,560
66 Italy 5,109 5,548
67 Luxembourg (12) 14,727 14,278
68 Netherlands 13,879 13,819
69 Norway 4,871 7,703
70 Portugal 4,799 5,416
71 Russia 20,841 21,423
72 Spain 10,233 9,406
73 Sweden 3,700 3,412
74 Switzerland 94,679 107,650
75 Turkey 10,541 10,573
76 United Kingdom 170,171 161,436
77 Channel Islands and
Isle of Man (13) 37,226 38,012
78 Yugoslavia (14) 317 296
79 Other Europe and
other former
U.S.S.R. (15) 44,253 40,762
80 Canada 27,359 27,228
81 Latin America 114,999 112,538
82 Argentina 10,360 11,622
83 Brazil 12,874 14,578
84 Chile 5,143 5,099
85 Colombia 4,587 4,159
86 Ecuador 2,363 2,269
87 Guatemala 1,821 1,812
88 Mexico 40,797 35,700
89 Panama 3,604 3,350
90 Peru 1,347 1,548
91 Uruguay 2,536 2,876
92 Venezuela 22,952 22,829
93 Other Latin
America (16) 6,615 6,696
94 Caribbean 606,369 613,421
95 Bahamas 147,819 156,001
96 Bermuda 11,183 10,248
97 British West
Indies (17) n.a. n.a.
98 Cayman Islands (17) 431,520 430,288
99 Cuba 89 89
100 Jamaica 1,103 1,115
101 Netherlands Antilles 3,115 3,757
102 Trinidad and Tobago 1,547 1,406
103 Other Caribbean (16) 9,993 10,517
104 Asia 299,124 307,285
China
105 Mainland 21,167 16,724
106 Taiwan 21,533 20,462
107 Hong Kong 23,698 22,830
108 India 4,167 4,512
109 Indonesia 11,441 11,220
110 Israel 9,433 9,600
111 Japan 151,698 166,655
112 Korea (South) 6,525 5,593
113 Philippines 1,429 1,530
114 Thailand 5,035 5,432
115 Middle Eastern
oil-exporting
countries (18) 16,931 18,684
116 Other 26,067 24,043
117 Africa 11,983 12,023
118 Egypt 3,961 3,857
119 Morocco 197 127
120 South Africa 928 1,060
121 Congo (formerly
Zaire) 2 1
122 Oil-exporting
countries (19) 3,763 3,911
123 Other 3,132 3,067
124 Other countries 7,198 9,206
125 Australia 6,373 8,195
126 New Zealand (20) 419 456
127 All other 406 555
128 Nonmonetary
international
and regional
organizations 15,453 12,106
129 International (21) 13,714 9,853
130 Latin American
regional (22) 520 731
131 Other regional (23) 1,140 1,441
(1.) Reporting banks include all types of depository institutions as
well as some brokers and dealers. Excludes bonds and notes of
maturities longer than one year.
(2.) Excludes negotiable time certificates deposit, which are included
in "Other negotiable and readily transferable instruments."
(3.) Includes borrowing under repurchase agreements.
(4.) For U.S. banks, includes amounts owed to own foreign branches and
foreign subsidiaries consolidated in quarterly Consolidated Reports of
Condition filed with bank regulatory agencies. For agencies, branches,
and majority-owned subsidiaries of foreign banks, consists principally
of amounts owed to the head office or parent foreign bank, and to
foreign branches, agencies, or wholly owned subsidiaries of the head
office or parent foreign bank.
(5.) Financial claims on residents of the United States, other than
long-term securities, held by or through reporting banks for foreign
customers.
(6.) Includes nonmarketable certificates of indebtedness and Treasury
bills issued to official institutions of foreign countries.
(7.) Data available beginning January 2001.
(8.) Principally bankers acceptances, commercial paper, and negotiable
time certificates of deposit.
(9.) Principally the International Bank for Reconstruction and
Development, the inter-American Development Bank, and the Asian
Development Bank. Excludes "holdings of dollars" of the
International Monetary Fund.
(10.) Foreign central banks, foreign central governments, and the Bank
for International Settlements.
(11.) Excludes central banks, which are included in "Official
institutions."
(12.) Before January 2001, data for Belgium-Luxembourg were combined.
(13.) Before January 2001, these data were included in data reported
for the United Kingdom.
(14.) Since December 1992, has excluded Bosnia, Croatia, and Slovenia.
(15.) Includes the Bank for International Settlements and the European
Central Bank. Since December 1992, has included all parts of the
former U.S.S.R. (except Russia), and Bosnia, Croatia, and Slovenia.
(16.) Before January 2001, data for "Other Latin America" and "Other
Caribbean" were combined in "Other Latin America and Caribbean."
(17.) Beginning January 2001, data for the Cayman Islands replaced
data for the British West Indies.
(18.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi
Arabia, and United Arab Emirates (Trucial States).
(19.) Comprises Algeria, Gabon, Libya, and Nigeria.
(20.) Before January 2001, these data were included in "All other."
(21.) Principally the International Bank for Reconstruction and
Development. Excludes "holdings of dollars" of the International
Monetary Fund.
(22.) Principally the Inter-American Development Bank.
(23.) Asian, African, Middle Eastern, and European regional
organizations, except the Bank for International Settlements,
which is included in "Other Europe."
3.18 BANKS' OWN CLAIMS ON FOREIGNERS
Reported by Banks in the United States (1)
Payable in U.S. dollars
Millions of dollars, end of period
2001
Area or country 1999 2000 2001 Sept.
1 Total, all foreigners 793,139 904,642 1,051,613 (r) 963,630
2 Foreign countries 788,576 899,956 1,046,667 (r) 959,154
3 Europe 311,686 378,115 460,970 (r) 405,920
4 Austria 2,643 2,926 5,006 3,116
5 Belgium (2) 10,193 5,399 6,339 4,549
6 Denmark 1,669 3,272 1,105 1,804
7 Finland 2,020 7,382 10,350 10,917
8 France 29,142 40,035 60,670 51,670
9 Germany 29,205 36,834 29,902 37,770
10 Greece 806 646 330 302
11 Italy 8,496 7,629 4,205 6,598
12 Luxembourg (2) n.a. n.a. 1,267 911
13 Netherlands 11,810 17,043 15,927 18,412
14 Norway 1,000 5,012 6,249 4,870
15 Portugal 1,571 1,382 1,603 1,286
16 Russia 713 517 594 942
17 Spain 3,796 2,603 3,231 4,470
18 Sweden 3,264 9,226 12,544 12,067
19 Switzerland 79,158 82,085 87,363 72,578
20 Turkey 2,617 3,059 2,124 2,323
21 United Kingdom 115,971 144,938 200,921 (r) 162,534
22 Channel Islands and
Isle of Man (3) n.a. n.a. 4,478 3,900
23 Yugoslavia (4) 50 50 n.a. 4
24 Other Europe and
other former
U.S.S.R. (5) 7,562 8,077 6,762 4,897
25 Canada 37,206 39,837 54,421 (r) 50,327
26 Latin America 74,040 76,561 69,762 74,649
27 Argentina 10,894 11,519 10,763 12,071
28 Brazil 16,987 20,567 19,434 22,449
29 Chile 6,607 5,815 5,317 5,283
30 Colombia 4,524 4,370 3,602 3,609
31 Ecuador 760 635 495 508
32 Guatemala 1,135 1,244 1,495 1,265
33 Mexico 17,899 17,415 16,522 16,896
34 Panama 3,387 2,933 3,066 3,223
35 Peru 2,529 2,807 2,185 2,437
36 Uruguay 801 673 447 461
37 Venezuela 3,494 3,518 3,077 3,222
38 Other Latin
America (6) 5,023 5,065 3,359 3,225
39 Caribbean 281,128 319,403 367,655 340,772
40 Bahamas 99,066 114,090 101,034 114,744
41 Bermuda 8,007 9,260 7,900 7,005
42 British West
Indies (7) 167,189 189,289 n.a. n.a.
43 Cayman Islands (7) n.a. n.a. 247,086 204,541
44 Cuba 0 0 n.a. n.a.
45 Jamaica 295 355 418 369
46 Netherlands Antilles 5,982 5,801 6,729 9,818
47 Trinidad and Tobago 589 608 931 940
48 Other Caribbean (6) n.a. n.a. 3,557 3,355
49 Asia 75,143 77,829 85,882 80,636
China
50 Mainland 2,110 1,606 2,073 3,478
51 Taiwan 1,390 2,247 4,407 3,195
52 Hong Kong 5,903 6,669 9,995 6,400
53 India 1,738 2,178 1,348 1,600
54 Indonesia 1,776 1,914 1,752 1,944
55 Israel 1,875 2,729 4,396 3,621
56 Japan 28,641 34,974 34,125 32,301
57 Korea (South) 9,426 7,776 10,622 11,852
58 Philippines 1,410 1,784 2,587 2,092
59 Thailand 1,515 1,381 2,499 1,204
60 Middle Eastern
oil-exporting
countries (8) 14,267 9,346 7,882 7,943
61 Other 5,092 5,225 4,196 5,006
62 Africa 2,268 2,094 2,135 1,877
63 Egypt 258 201 416 412
64 Morocco 352 204 106 152
65 South Africa 622 309 710 492
66 Congo (formerly
Zaire) 24 0 n.a. n.a.
67 Oil-exporting
countries (9) 276 471 167 151
68 Other 736 909 736 670
69 Other countries 7,105 6,117 5,842 4,973
70 Australia 6,824 5,868 5,455 3,980
71 New Zealand (10) n.a. n.a. 349 329
72 All other 281 249 38 664
73 Nonmonetary
international
and regional
organizations (11) 4,563 4,686 4,946 (r) 4,476
2001
Area or country Oct. Nov. Dec.
1 Total, all foreigners 1,016,715 1,051,715 (r) 1,051,613 (r)
2 Foreign countries 1,011,820 1,046,457 (r) 1,046,667 (r)
3 Europe 433,898 497,651 (r) 460,970 (r)
4 Austria 3,848 3,412 5,006
5 Belgium (2) 6,424 7,994 6,339
6 Denmark 933 2,507 1,105
7 Finland 12,065 11,010 10,350
8 France 60,732 58,769 60,670
9 Germany 39,605 36,295 29,902
10 Greece 333 327 330
11 Italy 7,750 6,321 4,205
12 Luxembourg (2) 1,088 1,392 1,267
13 Netherlands 17,256 17,173 15,927
14 Norway 3,617 4,603 6,249
15 Portugal 1,164 1,709 1,603
16 Russia 863 680 594
17 Spain 3,713 5,398 3,231
18 Sweden 11,800 12,897 12,544
19 Switzerland 71,968 121,798 87,363
20 Turkey 2,324 2,243 2,124
21 United Kingdom 178,428 193,737 (r) 200,921 (r)
22 Channel Islands and
Isle of Man (3) 3,783 3,819 4,478
23 Yugoslavia (4) 4 n.a. n.a.
24 Other Europe and
other former
U.S.S.R. (5) 6,200 5,567 6,762
25 Canada 48,773 50,792 (r) 54,421 (r)
26 Latin America 74,177 72,924 69,762
27 Argentina 11,603 11,350 10,763
28 Brazil 21,427 20,453 19,434
29 Chile 5,423 5,522 5,317
30 Colombia 3,564 3,598 3,602
31 Ecuador 507 504 495
32 Guatemala 1,568 1,522 1,495
33 Mexico 17,272 16,996 16,522
34 Panama 3,426 3,415 3,066
35 Peru 2,435 2,369 2,185
36 Uruguay 492 540 447
37 Venezuela 3,221 3,306 3,077
38 Other Latin
America (6) 3,239 3,349 3,359
39 Caribbean 360,024 326,271 367,655
40 Bahamas 124,546 97,916 101,034
41 Bermuda 11,440 6,015 7,900
42 British West
Indies (7) n.a. n.a. n.a.
43 Cayman Islands (7) 211,484 208,198 247,086
44 Cuba n.a. n.a. n.a.
45 Jamaica 380 406 418
46 Netherlands Antilles 7,647 9,583 6,729
47 Trinidad and Tobago 858 880 931
48 Other Caribbean (6) 3,669 3,273 3,557
49 Asia 87,331 91,337 85,882
China
50 Mainland 4,118 4,427 2,073
51 Taiwan 4,244 3,897 4,407
52 Hong Kong 5,161 7,984 9,995
53 India 1,561 1,609 1,348
54 Indonesia 1,965 1,935 1,752
55 Israel 3,980 4,592 4,396
56 Japan 39,940 34,665 34,125
57 Korea (South) 11,137 14,742 10,622
58 Philippines 1,505 2,021 2,587
59 Thailand 1,470 1,283 2,499
60 Middle Eastern
oil-exporting
countries (8) 8,290 10,088 7,882
61 Other 3,960 4,094 4,196
62 Africa 1,878 2,108 2,135
63 Egypt 381 477 416
64 Morocco 148 116 106
65 South Africa 443 571 710
66 Congo (formerly
Zaire) n.a. 1 n.a.
67 Oil-exporting
countries (9) 169 179 167
68 Other 737 764 736
69 Other countries 5,739 5,374 5,842
70 Australia 5,402 4,964 5,455
71 New Zealand (10) 275 330 349
72 All other 62 80 38
73 Nonmonetary
international
and regional
organizations (11) 4,904 5,258 4,946 (r)
2002
Area or country Jan. Feb. Mar. (p)
1 Total, all foreigners 1,003,222 (r) 1,005,194 (r) 1,050,333
2 Foreign countries 999,353 (r) 1,001,367 (r) 1,044,820
3 Europe 463,472 (r) 466,073 486,255
4 Austria 4,063 3,604 3,895
5 Belgium (2) 6,426 5,603 4,750
6 Denmark 1,649 1,024 1,544
7 Finland 14,431 14,410 14,469
8 France 56,285 54,467 54,933
9 Germany 31,189 29,134 33,254
10 Greece 327 348 320
11 Italy 4,453 4,329 5,101
12 Luxembourg (2) 1,601 2,884 3,366
13 Netherlands 13,880 15,151 15,349
14 Norway 4,779 4,435 7,026
15 Portugal 1,969 1,998 1,795
16 Russia 687 612 1,659
17 Spain 5,363 4,987 4,847
18 Sweden 11,924 13,260 11,903
19 Switzerland 95,331 114,379 115,370
20 Turkey 2,147 2,183 2,150
21 United Kingdom 195,629 (r) 181,818 193,825
22 Channel Islands and
Isle of Man (3) 3,747 3,986 3,848
23 Yugoslavia (4) n.a. n.a. n.a.
24 Other Europe and
other former
U.S.S.R. (5) 7,592 7,461 6,851
25 Canada 49,967 (r) 52,755 56,736
26 Latin America 69,427 (r) 68,791 (r) 69,530
27 Argentina 10,444 (r) 10,334 (r) 9,896
28 Brazil 19,700 19,353 19,834
29 Chile 5,200 5,166 5,399
30 Colombia 3,563 3,547 3,700
31 Ecuador 465 491 489
32 Guatemala 1,417 1,651 1,422
33 Mexico 17,035 16,561 17,088
34 Panama 2,765 2,788 2,804
35 Peru 2,125 2,090 2,026
36 Uruguay 437 444 (r) 525
37 Venezuela 3,181 3,315 (r) 3,463
38 Other Latin
America (6) 3,095 3,051 2,884
39 Caribbean 327,814 326,948 342,102
40 Bahamas 91,440 90,050 101,809
41 Bermuda 7,018 5,633 (r) 7,773
42 British West
Indies (7) n.a. n.a. n.a.
43 Cayman Islands (7) 217,311 220,829 (r) 220,845
44 Cuba n.a. n.a. n.a.
45 Jamaica 383 384 418
46 Netherlands Antilles 7,599 6,046 7,137
47 Trinidad and Tobago 940 955 932
48 Other Caribbean (6) 3,123 3,051 3,188
49 Asia 80,650 78,905 82,606
China
50 Mainland 3,526 2,418 4,161
51 Taiwan 3,422 4,101 4,504
52 Hong Kong 7,670 7,319 6,459
53 India 1,167 1,217 1,224
54 Indonesia 1,768 1,644 1,701
55 Israel 4,211 4,195 2,875
56 Japan 30,973 30,722 31,288
57 Korea (South) 12,689 12,745 13,822
58 Philippines 1,951 1,681 2,065
59 Thailand 1,743 745 1,467
60 Middle Eastern
oil-exporting
countries (8) 7,559 7,341 9,224
61 Other 3,971 4,777 3,816
62 Africa 2,043 1,937 2,073
63 Egypt 324 331 358
64 Morocco 100 97 81
65 South Africa 700 640 735
66 Congo (formerly
Zaire) n.a. n.a. n.a.
67 Oil-exporting
countries (9) 195 201 211
68 Other 724 668 688
69 Other countries 5,980 5,958 5,518
70 Australia 5,336 5,207 4,746
71 New Zealand (10) 603 732 762
72 All other 41 19 10
73 Nonmonetary
international
and regional
organizations (11) 3,869 (r) 3,827 (r) 5,513
(1.) Reporting banks include all types of depository institutions as
well as some brokers and dealers.
(2.) Before January 2001, combined data reported for
Belgium-Luxembourg.
(3.) Before January 2001, data included in United Kingdom.
(4.) Since December 1992, has excluded Bosnia, Croatia, and Slovenia.
(5.) Includes the Bank for International Settlements and European
Central Bank. Since December 1992, has included all parts of the
former U.S.S.R. (except Russia) and Bosnia, Croatia, and Slovenia.
(6.) Before January 2001, "Other Latin America" and "Other Caribbean"
were reported as combined "Other Latin America and Caribbean."
(7.) Beginning 2001, Cayman Islands replaced British West Indies in
the data series.
(8.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(9.) Comprises Algeria, Gabon, Libya, and Nigeria.
(10.) Before January 2001, included in "All other."
(11.) Excludes the Bank for International Settlements, which is
included in "Other Europe."
3.19 BANKS' OWN AND DOMESTIC CUSTOMERS' CLAIMS ON FOREIGNERS
Reported by Banks in the United States (1)
Payable in U.S. dollars
Millions of dollars, end of period
Type of claim 1999 2000 2001
1 Total 944,937 1,095,869 1,253,992 (r)
2 Banks' claims 793,139 904,642 1,051,613 (r)
3 Foreign public borrowers 35,090 37,907 49,018 (r)
4 Own foreign offices (2) 529,682 630,137 745,834
5 Unaffilliated foreign
banks 97,186 95,243 100,575
6 Deposits 34,538 23,886 26,189
7 Other 62,648 71,357 74,386
8 All other foreigners 131,181 141,355 156,186 (r)
9 Claims of banks' domestic
customers (3) 151,798 191,227 202,379
10 Deposits 88,006 100,352 92,546
11 Negotiable and readily
transferable
instruments (4) 51,161 78,147 94,016
12 Outstanding collections
and other claims 12,631 12,728 15,817
MEMO
13 Customer liability on
acceptances 4,553 4,257 2,588
14 Banks' loans under resale
agreements (5) n.a. n.a. 137,349 (r)
15 Dollar deposits in banks
abroad, reported by
nonbanking business
enterprises in the
United States (6) 31,125 53,153 60,711
2001
Type of claim Sept. Oct. Nov.
1 Total 1,136,410 ... ...
2 Banks' claims 963,630 1,016,715 1,051,715 (r)
3 Foreign public borrowers 45,780 49,592 56,820
4 Own foreign offices (2) 663,840 699,281 721,650
5 Unaffilliated foreign
banks 92,533 95,647 100,608
6 Deposits 20,022 25,663 29,998
7 Other 72,511 69,984 70,610
8 All other foreigners 161,477 172,195 172,637 (r)
9 Claims of banks' domestic
customers (3) 172,780 ... ...
10 Deposits 71,537 ... ...
11 Negotiable and readily
transferable
instruments (4) 91,408 ... ...
12 Outstanding collections
and other claims 9,835 ... ...
MEMO
13 Customer liability on
acceptances 2,468 ... ...
14 Banks' loans under resale
agreements (5) 111,844 144,250 144,266 (r)
15 Dollar deposits in banks
abroad, reported by
nonbanking business
enterprises in the
United States (6) 54,932 57,698 66,930
2001 2002
Type of claim Dec. (r) Jan. (r)
1 Total 1,253,992 ...
2 Banks' claims 1,051,613 1,003,222
3 Foreign public borrowers 49,018 52,943
4 Own foreign offices (2) 745,834 697,236
5 Unaffilliated foreign
banks 100,575 98,381
6 Deposits 26,189 26,926
7 Other 74,386 71,455
8 All other foreigners 156,186 154,662
9 Claims of banks' domestic
customers (3) 202,379 ...
10 Deposits 92,546 ...
11 Negotiable and readily
transferable
instruments (4) 94,016 ...
12 Outstanding collections
and other claims 15,817 ...
MEMO
13 Customer liability on
acceptances 2,588 ...
14 Banks' loans under resale
agreements (5) 137,349 118,878
15 Dollar deposits in banks
abroad, reported by
nonbanking business
enterprises in the
United States (6) 60,711 54,563
2002
Type of claim Feb. (r) Mar. (r)
1 Total ... ...
2 Banks' claims 1,005,194 1,050,333
3 Foreign public borrowers 48,557 54,050
4 Own foreign offices (2) 716,045 747,225
5 Unaffilliated foreign
banks 91,992 94,877
6 Deposits 25,841 26,129
7 Other 66,151 68,748
8 All other foreigners 148,600 154,181
9 Claims of banks' domestic
customers (3) ... ...
10 Deposits ... ...
11 Negotiable and readily
transferable
instruments (4) ... ...
12 Outstanding collections
and other claims ... ...
MEMO
13 Customer liability on
acceptances ... ...
14 Banks' loans under resale
agreements (5) 123,049 114,917
15 Dollar deposits in banks
abroad, reported by
nonbanking business
enterprises in the
United States (6) 55,177 61,417
(1.) For banks' claims, data are monthly; for claims of banks'
domestic customers, data are for quarter ending with month indicated.
Reporting banks include all types of depository institution as well as
some brokers and dealers.
(2.) For U.S. banks, includes amounts due from own foreign branches
and foreign subsidiaries consolidated in quarterly Consolidated
Reports of Condition filed with bank regulatory agencies. For
agencies, branches, and majority-owned subsidiaries of foreign
banks, consists principally of amounts due from the head office or
parent foreign bank, and from foreign branches, agencies, or wholly
owned subsidiaries of the head office or parent foreign bank.
(3.) Assets held by reporting banks in the accounts of their domestic
customers.
(4.) Principally negotiable time certificates of deposit and bankers
acceptances, and commercial paper.
(5.) Data available beginning January 2001.
(6.) Includes demand and time deposits and negotiable and
nonnegotiable certificates of deposit denominated in U.S. dollars
issued by banks abroad.
3.20 BANKS' OWN CLAIMS ON UNAFFILIATED FOREIGNERS
Reported by Banks in the United States (1)
Payable in U.S. dollars
Millions of dollars, end of period
Maturity, by borrower
and area (2) 1998 1999 2000
1 Total 250,418 267,082 274,009
By borrower
2 Maturity of one year or less 186,526 187,894 186,103
3 Foreign public borrowers 13,671 22,811 21,399
4 All other foreigners 172,855 165,083 164,704
5 Maturity of more than one
year 63,892 79,188 87,906
6 Foreign public borrowers 9,839 12,013 15,838
7 All other foreigners 54,053 67,175 72,068
By area
Maturity of one year or less
8 Europe 68,679 80,842 142,464
9 Canada 10,968 7,859 8,323
10 Latin America and
Caribbean 81,766 69,498 151,840
11 Asia 18,007 21,802 43,371
12 Africa 1,835 1,122 2,263
13 All other (3) 5,271 6,771 11,717
Maturity of more than one
year
14 Europe 14,923 22,951 57,770
15 Canada 3,140 3,192 3,174
16 Latin America and
Caribbean 33,442 39,051 82,684
17 Asia 10,018 11,257 19,536
18 Africa 1,232 1,065 1,567
19 All other (3) 1,137 1,672 5,954
2001
Maturity, by borrower
and area (2) Mar. June Sept. Dec.
1 Total 307,564 302,060 298,514 304,595
By borrower
2 Maturity of one year or less 194,943 191,738 178,185 199,825
3 Foreign public borrowers 23,701 26,621 19,994 27,274
4 All other foreigners 171,242 165,117 158,191 172,551
5 Maturity of more than one
year 112,621 110,322 120,329 104,770
6 Foreign public borrowers 24,991 25,018 24,903 21,064
7 All other foreigners 87,630 85,304 95,426 83,706
By area
Maturity of one year or less
8 Europe 89,553 80,682 70,700 83,087
9 Canada 7,050 8,624 7,897 10,062
10 Latin America and
Caribbean 72,242 72,848 75,289 70,419
11 Asia 20,730 24,124 19,381 29,642
12 Africa 970 971 707 1,144
13 All other (3) 4,398 4,489 4,211 5,471
Maturity of more than one
year
14 Europe 38,259 39,944 41,594 34,064
15 Canada 3,252 3,995 4,292 3,633
16 Latin America and
Caribbean 50,151 47,068 52,517 47,237
17 Asia 17,187 15,240 17,491 15,185
18 Africa 763 774 798 769
19 All other (3) 3,009 3,301 3,637 3,882
(1.) Reporting banks include all types of depository institutions as
well as some brokers and dealers.
(2.) Maturity is time remaining until maturity.
(3.) Includes nonmonetary international and regional organizations.
3.21 CLAIMS ON FOREIGN COUNTRIES Held by U.S. and Foreign Offices of
U.S. Banks (1)
Billions of dollars, end of period
1999 2000
Area or country 1997 1998 Dec. Mar.
1 Total 721.8 1,051.6 945.5 955.0
2 G-10 countries and
Switzerland 242.8 217.7 243.4 272.4
3 Belgium and Luxembourg 11.0 10.7 14.3 14.2
4 France 15.4 18.4 29.0 27.1
5 Germany 28.6 30.9 38.7 37.3
6 Italy 15.5 11.5 18.1 19.9
7 Netherlands 6.2 7.8 12.3 17.0
8 Sweden 3.3 2.3 3.0 3.9
9 Switzerland 7.2 8.5 10.3 10.1
10 United Kingdom 113.4 85.4 79.3 101.9
11 Canada 13.7 16.8 16.3 17.3
12 Japan 28.6 25.4 22.1 23.5
13 Other industrialized
countries 65.5 69.0 68.4 62.7
14 Austria 1.5 1.4 3.5 2.6
15 Denmark 2.4 2.2 2.6 1.5
16 Finland 1.3 1.4 .9 .8
17 Greece 5.1 5.9 6.0 5.7
18 Norway 3.6 3.2 3.3 3.0
19 Portugal .9 1.4 1.0 1.0
20 Spain 12.6 13.7 12.1 11.3
21 Turkey 4.5 4.8 4.8 5.1
22 Other Western Europe 8.3 10.4 6.8 8.4
23 South Africa 2.2 4.4 3.8 4.8
24 Australia 23.1 20.3 23.5 18.6
25 OPEC (2) 26.0 27.1 31.4 28.9
26 Ecuador 1.3 1.3 .8 .7
27 Venezuela 2.5 3.2 2.8 3.0
28 Indonesia 6.7 4.7 4.2 3.9
29 Middle East countries 14.4 17.0 23.1 21.1
30 African countries 1.2 1.0 .5 .2
31 Non-OPEC developing
countries 139.2 143.4 149.4 154.6
Latin America
32 Argentina 18.4 23.1 23.2 22.4
33 Brazil 28.6 24.7 27.7 28.1
34 Chile 8.7 8.3 7.4 8.2
35 Colombia 3.4 3.2 2.5 2.5
36 Mexico 17.4 18.9 18.7 18.3
37 Peru 2.0 2.2 1.7 1.9
38 Other 4.1 5.4 5.9 6.5
Asia
China
39 Mainland 3.2 3.0 3.6 4.6
40 Taiwan 9.5 13.3 12.0 12.6
41 India 4.9 5.5 7.7 7.9
42 Israel .7 1.1 1.8 3.3
43 Korea (South) 15.6 13.7 15.2 17.7
44 Malaysia 5.1 5.6 6.1 6.5
45 Philippines 5.7 5.1 6.2 5.3
46 Thailand 5.4 4.7 4.1 4.3
47 Other Asia 4.3 2.9 2.9 2.0
Africa
48 Egypt .9 1.3 1.4 1.4
49 Morocco .6 .5 .4 .3
50 Zaire .0 .0 .0 .0
51 Other Africa (3) .8 1.0 1.0 .9
52 Eastern Europe 9.1 5.5 5.2 6.3
53 Russia (4) 5.1 2.2 1.6 1.7
54 Other 4.0 3.3 3.6 4.7
55 Offshore banking centers 140.2 93.9 59.9 53.9
56 Bahamas 24.2 35.4 13.7 14.4
57 Bermuda 9.8 4.6 8.0 7.3
58 Cayman Islands and other
British West Indies 43.4 12.8 1.3 .0
59 Netherlands Antilles 14.6 2.6 1.7 2.5
60 Panama (5) 3.1 3.9 3.9 3.4
61 Lebanon .1 .1 .1 .1
62 Hong Kong, China 32.2 23.3 21.0 22.2
63 Singapore 12.7 11.1 10.1 4.1
64 Other (6) .1 .2 .1 .1
65 Miscellaneous and
unallocated (7) 99.1 495.1 387.9 376.1
2000 2001
Area or country June Sept. Dec. Mar.
1 Total 991.0 954.4 1,027.3 1,149.3
2 G-10 countries and
Switzerland 313.6 280.3 300.7 340.7
3 Belgium and Luxembourg 13.9 13.0 14.2 15.3
4 France 32.6 29.0 29.6 30.1
5 Germany 31.5 37.6 45.1 48.7
6 Italy 20.5 18.6 21.3 20.4
7 Netherlands 16.0 17.5 18.4 22.3
8 Sweden 3.5 4.3 3.6 4.7
9 Switzerland 13.8 10.9 13.2 13.9
10 United Kingdom 138.2 112.8 115.6 142.0
11 Canada 18.2 18.5 16.7 15.4
12 Japan 25.4 18.1 23.0 28.0
13 Other industrialized
countries 75.3 73.7 74.5 75.8
14 Austria 2.8 3.5 4.1 3.9
15 Denmark 1.2 1.8 1.9 3.1
16 Finland 1.2 2.8 1.5 1.4
17 Greece 6.7 6.4 8.3 4.1
18 Norway 4.6 8.5 8.3 10.2
19 Portugal 2.0 1.5 2.0 1.9
20 Spain 12.2 10.5 10.3 12.7
21 Turkey 5.6 5.6 5.9 5.1
22 Other Western Europe 7.9 8.3 6.5 7.3
23 South Africa 4.6 4.2 3.6 4.1
24 Australia 26.3 20.5 22.1 21.9
25 OPEC (2) 32.1 31.4 28.9 28.3
26 Ecuador .7 .6 .6 .6
27 Venezuela 2.9 2.9 2.5 2.7
28 Indonesia 4.1 4.4 4.6 4.4
29 Middle East countries 23.8 22.4 20.3 20.1
30 African countries .7 1.2 .8 .5
31 Non-OPEC developing
countries 158.1 149.5 145.5 150.5
Latin America
32 Argentina 21.6 21.4 21.4 20.9
33 Brazil 28.3 28.5 28.8 29.4
34 Chile 8.1 7.3 7.6 7.3
35 Colombia 2.4 2.4 2.4 2.4
36 Mexico 20.4 17.5 15.7 16.7
37 Peru 2.1 2.1 2.0 2.0
38 Other 6.7 6.2 6.3 8.7
Asia
China
39 Mainland 3.8 3.4 2.9 3.2
40 Taiwan 12.6 12.8 10.8 11.2
41 India 8.2 5.8 9.1 6.5
42 Israel 1.5 1.1 2.7 2.5
43 Korea (South) 21.7 21.4 15.5 19.9
44 Malaysia 6.8 6.9 7.1 6.5
45 Philippines 5.3 4.7 5.1 5.2
46 Thailand 4.0 3.9 4.0 4.2
47 Other Asia 1.9 1.7 1.9 1.7
Africa
48 Egypt 1.3 1.1 1.1 1.2
49 Morocco .3 .4 .3 .3
50 Zaire .0 .0 .0 .0
51 Other Africa (3) .9 .8 .7 .7
52 Eastern Europe 9.4 9.0 10.1 9.5
53 Russia (4) 1.5 1.4 1.0 1.5
54 Other 7.9 7.6 9.1 8.0
55 Offshore banking centers 60.6 59.4 76.3 72.0
56 Bahamas 8.8 9.3 13.5 7.0
57 Bermuda 6.3 6.3 9.0 7.9
58 Cayman Islands and other
British West Indies 5.1 5.9 14.6 14.3
59 Netherlands Antilles 2.6 1.9 1.9 2.9
60 Panama (5) 3.3 2.5 3.2 3.8
61 Lebanon .1 .1 .1 .1
62 Hong Kong, China 20.7 20.6 18.7 21.5
63 Singapore 13.6 12.6 15.2 14.6
64 Other (6) .1 .1 .2 .1
65 Miscellaneous and
unallocated (7) 342.1 351.1 391.2 472.4
2001
Area or country June Sept. Dec.
1 Total 1,155.1 (r) 1,303.3 989.4
2 G-10 countries and
Switzerland 349.8 306.8 479.0
3 Belgium and Luxembourg 13.3 14.6 19.4
4 France 36.3 34.9 40.0
5 Germany 54.5 43.9 45.2
6 Italy 23.7 22.8 21.0
7 Netherlands 18.7 20.9 19.5
8 Sweden 4.7 5.2 5.4
9 Switzerland 13.5 13.0 12.6
10 United Kingdom 129.5 98.7 257.3
11 Canada 22.0 21.1 19.9
12 Japan 33.6 31.8 38.7
13 Other industrialized
countries 70.4 70.9 70.7
14 Austria 3.6 4.5 4.8
15 Denmark 2.7 2.7 2.6
16 Finland 1.2 1.3 1.1
17 Greece 3.6 3.6 3.2
18 Norway 7.9 6.2 8.1
19 Portugal 1.4 1.4 1.6
20 Spain 12.5 13.8 12.2
21 Turkey 4.5 4.1 3.9
22 Other Western Europe 6.9 7.3 8.4
23 South Africa 3.8 4.4 4.1
24 Australia 22.1 21.7 20.6
25 OPEC (2) 27.2 27.7 27.5
26 Ecuador .6 .6 .6
27 Venezuela 2.7 2.7 2.5
28 Indonesia 4.2 4.0 3.8
29 Middle East countries 19.3 20.1 20.3
30 African countries .4 .4 .3
31 Non-OPEC developing
countries 160.0 204.0 193.7
Latin America
32 Argentina 20.1 19.6 19.6
33 Brazil 31.2 31.3 28.5
34 Chile 7.4 6.7 7.3
35 Colombia 2.6 2.6 2.6
36 Mexico 16.8 60.0 56.0
37 Peru 2.0 1.9 1.9
38 Other 8.3 8.2 9.0
Asia
China
39 Mainland 6.7 5.9 5.0
40 Taiwan 10.7 10.9 12.3
41 India 11.8 14.1 6.9
42 Israel 2.6 3.9 4.7
43 Korea (South) 19.3 19.5 18.7
44 Malaysia 6.8 6.1 6.7
45 Philippines 5.4 5.2 5.6
46 Thailand 4.2 3.9 5.1
47 Other Asia 1.8 1.6 1.9
Africa
48 Egypt 1.2 1.4 1.2
49 Morocco .3 .3 .1
50 Zaire .0 .0 .0
51 Other Africa (3) .7 .8 .7
52 Eastern Europe 9.5 10.2 10.1
53 Russia (4) 1.5 1.6 1.6
54 Other 8.0 8.5 8.5
55 Offshore banking centers 59.7 75.7 73.7
56 Bahamas .0 1.1 7.5
57 Bermuda 5.8 7.6 7.7
58 Cayman Islands and other
British West Indies 12.6 23.4 16.9
59 Netherlands Antilles 1.7 5.8 3.0
60 Panama (5) 4.2 4.4 4.1
61 Lebanon .1 .1 .1
62 Hong Kong, China 22.4 17.9 18.9
63 Singapore 12.9 15.3 15.5
64 Other (6) .1 .0 .1
65 Miscellaneous and
unallocated (7) 478.6 (r) 608.1 134.6
(1.) The banking offices covered by these data include U.S. offices and
foreign branches of U.S. banks, including U.S. banks that are
subsidiaries of foreign banks. Offices not covered include U.S.
agencies and branches of foreign banks. Beginning March 1994, the data
include large foreign subsidiaries of U.S. banks. The data also include
other types of U.S. depository institutions as well as some types of
brokers and dealers. To eliminate duplication, the data are adjusted to
exclude the claims on foreign branches held by a U.S. office or another
foreign branch of the same banking institution.
These data are on a gross claims basis and do not necessarily reflect
the ultimate country risk or exposure of U.S. banks. More complete data
on the country risk exposure of U.S. banks are available in the
quarterly Country Exposure Lending Survey published by the Federal
Financial Institutions Examination Council.
(2.) Organization of Petroleum Exporting Countries, shown individually;
other members of OPEC (Algeria, Gabon, Iran, Iraq, Kuwait, Libya,
Nigeria, Qatar, Saudi Arabia, and United Arab Emirates), and Bahrain
and Oman (not formally members of OPEC).
(3.) Excludes Liberia. Beginning March 1994 includes Namibia.
(4.) As of December 1992, excludes other republics of the former Soviet
Union.
(5.) Includes Canal Zone.
(6.) Foreign branch claims only.
(7.) Includes New Zealand, Liberia, and international and regional
organizations.
Nonbank-Reported Data
3.22 LIABILITIES TO UNAFFILIATED FOREIGNERS Reported by Nonbanking
Business Enterprises in the United States
Millions of dollars, end of period
Type of liability,
and area or country 1998 1999 2000
1 Total 46,570 53,044 73,904
2 Payable in dollars 36,668 37,605 48,931
3 Payable in foreign currencies 9,902 15,415 24,973
By type
4 Financial liabilities 19,255 27,980 47,419
5 Payable in dollars 10,371 13,883 25,246
6 Payable in foreign currencies 8,884 14,097 22,173
7 Commercial liabilities 27,315 25,064 26,485
8 Trade payables 10,978 12,857 14,293
9 Advance receipts and other liabilities 16,337 12,207 12,192
10 Payable in dollars 26,297 23,722 23,685
11 Payable in foreign currencies 1,018 1,318 2,800
By area or country
Financial liabilities
12 Europe 12,589 23,241 34,172
13 Belgium and Luxembourg 79 31 147
14 France 1,097 1,659 1,480
15 Germany 2,063 1,974 2,168
16 Netherlands 1,406 1,996 2,016
17 Switzerland 155 147 104
18 United Kingdom 5,980 16,521 26,362
19 Canada 693 284 411
20 Latin America and Caribbean 1,495 892 4,125
21 Bahamas 7 1 6
22 Bermuda 101 5 1,739
23 Brazil 152 126 148
24 British West Indies 957 492 406
25 Mexico 59 25 26
26 Venezuela 2 0 2
27 Asia 3,785 3,437 7,965
28 Japan 3,612 3,142 6,216
29 Middle Eastern oil-exporting
countries (1) 0 4 11
30 Africa 28 28 52
31 Oil-exporting countries (2) 0 0 0
32 All other (3) 665 98 694
Commercial liabilities
33 Europe 10,030 9,262 9,629
34 Belgium and Luxembourg 278 140 293
35 France 920 672 979
36 Germany 1,392 1,131 1,047
37 Netherlands 429 507 300
38 Switzerland 499 626 502
39 United Kingdom 3,697 3,071 2,847
40 Canada 1,390 1,775 1,933
41 Latin America and Caribbean 1,618 2,310 2,381
42 Bahamas 14 22 31
43 Bermuda 198 152 281
44 Brazil 152 145 114
45 British West Indies 10 48 76
46 Mexico 347 887 841
47 Venezuela 202 305 284
48 Asia 12,342 9,886 10,983
49 Japan 3,827 2,609 2,757
50 Middle Eastern oil-exporting 2,852 2,551 2,832
countries (1)
51 Africa 794 950 948
52 Oil-exporting countries (2) 393 499 483
53 Other (3) 1,141 881 614
2000 2001
Type of liability,
and area or country Sept. Dec. Mar.
1 Total 76,644 73,904 73,655
2 Payable in dollars 51,451 48,931 46,526
3 Payable in foreign currencies 25,193 24,973 27,129
By type
4 Financial liabilities 49,895 47,419 47,808
5 Payable in dollars 26,159 25,246 23,201
6 Payable in foreign currencies 23,736 22,173 24,607
7 Commercial liabilities 26,749 26,485 25,847
8 Trade payables 13,918 14,293 12,481
9 Advance receipts and other liabilities 12,831 12,192 13,366
10 Payable in dollars 25,292 23,685 23,325
11 Payable in foreign currencies 1,457 2,800 2,522
By area or country
Financial liabilities
12 Europe 36,175 34,172 37,422
13 Belgium and Luxembourg 169 147 112
14 France 1,299 1,480 1,553
15 Germany 2,132 2,168 2,624
16 Netherlands 2,040 2,016 2,169
17 Switzerland 178 104 103
18 United Kingdom 28,601 26,362 28,812
19 Canada 249 411 718
20 Latin America and Caribbean 3,447 4,125 3,632
21 Bahamas 105 6 18
22 Bermuda 1,182 1,739 1,837
23 Brazil 132 148 26
24 British West Indies 501 406 1,657
25 Mexico 35 26 31
26 Venezuela 0 2 1
27 Asia 9,320 7,965 5,324
28 Japan 4,782 6,216 4,757
29 Middle Eastern oil-exporting
countries (1) 7 11 15
30 Africa 48 52 38
31 Oil-exporting countries (2) 0 0 0
32 All other (3) 656 694 674
Commercial liabilities
33 Europe 9,411 9,629 8,792
34 Belgium and Luxembourg 201 293 251
35 France 716 979 689
36 Germany 1,023 1,047 982
37 Netherlands 424 300 349
38 Switzerland 647 502 623
39 United Kingdom 2,951 2,847 2,542
40 Canada 1,889 1,933 1,625
41 Latin America and Caribbean 2,443 2,381 2,166
42 Bahamas 15 31 5
43 Bermuda 377 281 280
44 Brazil 167 114 239
45 British West Indies 19 76 64
46 Mexico 1,079 841 792
47 Venezuela 124 284 243
48 Asia 11,133 10,983 11,542
49 Japan 1,998 2,757 2,431
50 Middle Eastern oil-exporting 3,706 2,832 3,359
countries (1)
51 Africa 1,220 948 1,072
52 Oil-exporting countries (2) 663 483 566
53 Other (3) 653 614 650
2001
Type of liability,
and area or country June Sept. Dec.
1 Total 68,113 53,526 66,718
2 Payable in dollars 41,819 35,347 42,957
3 Payable in foreign currencies 26,294 18,179 23,761
By type
4 Financial liabilities 41,908 27,502 41,034
5 Payable in dollars 17,655 11,415 18,763
6 Payable in foreign currencies 24,253 16,087 22,271
7 Commercial liabilities 26,205 26,024 25,684
8 Trade payables 13,213 11,740 11,820
9 Advance receipts and other liabilities 12,992 14,284 13,864
10 Payable in dollars 24,164 23,932 24,194
11 Payable in foreign currencies 2,041 2,092 1,490
By area or country
Financial liabilities
12 Europe 32,785 22,083 31,806
13 Belgium and Luxembourg 98 76 154
14 France 1,222 1,538 2,841
15 Germany 2,463 1,994 2,344
16 Netherlands 1,763 1,998 1,954
17 Switzerland 93 92 94
18 United Kingdom 25,363 14,819 22,852
19 Canada 628 436 955
20 Latin America and Caribbean 2,100 414 2,858
21 Bahamas 40 5 157
22 Bermuda 461 47 960
23 Brazil 21 22 35
24 British West Indies 1,508 243 1,627
25 Mexico 20 24 36
26 Venezuela 1 3 2
27 Asia 5,639 3,869 5,042
28 Japan 3,297 3,442 3,269
29 Middle Eastern oil-exporting
countries (1) 8 9 10
30 Africa 61 59 53
31 Oil-exporting countries (2) 0 5 5
32 All other (3) 695 672 320
Commercial liabilities
33 Europe 8,723 8,855 9,230
34 Belgium and Luxembourg 297 160 99
35 France 665 892 735
36 Germany 1,017 966 908
37 Netherlands 343 343 1,163
38 Switzerland 697 683 790
39 United Kingdom 2,706 2,296 2,280
40 Canada 2,043 1,569 1,633
41 Latin America and Caribbean 2,292 2,879 2,729
42 Bahamas 31 44 52
43 Bermuda 367 570 591
44 Brazil 279 312 290
45 British West Indies 21 28 45
46 Mexico 762 884 901
47 Venezuela 218 242 166
48 Asia 11,384 11,114 10,532
49 Japan 2,377 2,421 2,592
50 Middle Eastern oil-exporting 3,087 3,053 2,642
countries (1)
51 Africa 1,115 938 836
52 Oil-exporting countries (2) 539 471 436
53 Other (3) 648 669 724
(1.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(2.) Comprises Algeria, Gabon, Libya, and Nigeria.
(3.) Includes nonmonetary international and regional organizations.
3.23 CLAIMS ON UNAFFILIATED FOREIGNERS Reported by Nonbanking Business
Enterprises in the United States
Millions of dollars, end of period
Type of claim,
and area or country 1998 1999 2000
1 Total 77,462 76,669 90,157
2 Payable in dollars 72,171 69,170 79,558
3 Payable in foreign currencies 5,291 7,472 10,599
By type
4 Financial claims 46,260 40,231 53,031
5 Deposits 30,199 18,566 23,374
6 Payable in dollars 28,549 16,373 21,015
7 Payable in foreign currencies 1,650 2,193 2,359
8 Other financial claims 16,061 21,665 29,657
9 Payable in dollars 14,049 18,593 25,142
10 Payable in foreign currencies 2,012 3,072 4,515
11 Commercial claims 31,202 36,438 37,126
12 Trade receivables 27,202 32,629 33,104
13 Advance payments and other claims 4,000 3,809 4,022
14 Payable in dollars 29,573 34,204 33,40l
15 Payable in foreign currencies 1,629 2,207 3,725
By area or country
Financial claims
16 Europe 12,294 13,023 23,136
17 Belgium and Luxembourg 661 529 296
18 France 864 967 1,206
19 Germany 304 504 848
20 Netherlands 875 1,229 1,396
21 Switzerland 414 643 699
22 United Kingdom 7,766 7,561 15,900
23 Canada 2,503 2,553 4,576
24 Latin America and Caribbean 27,714 18,206 19,317
25 Bahamas 403 1,593 1,353
26 Bermuda 39 11 19
27 Brazil 835 1,476 1,827
28 British West Indies 24,388 12,099 12,596
29 Mexico 1,245 1,798 2,448
30 Venezuela 55 48 87
31 Asia 3,027 5,457 4,697
32 Japan 1,194 3,262 1,631
33 Middle Eastern oil-exporting coun-
tries (1) 9 23 80
34 Africa 159 286 411
35 Oil-exporting countries (2) 16 15 57
36 All other (3) 563 706 894
Commercial claims
37 Europe 13,246 16,389 15,938
38 Belgium and Luxembourg 238 316 452
39 France 2,171 2,236 3,095
40 Germany 1,822 1,960 1,982
41 Netherlands 467 1,429 1,729
42 Switzerland 483 610 763
43 United Kingdom 4,769 5,827 4,502
44 Canada 2,617 2,757 3,502
45 Latin America and Caribbean 6,296 5,959 5,851
46 Bahamas 24 20 37
47 Bermuda 536 390 376
48 Brazil 1,024 905 957
49 British West Indies 104 181 137
50 Mexico 1,545 1,678 1,507
51 Venezuela 401 439 328
52 Asia 7,192 9,165 9,630
53 Japan 1,681 2,074 2,796
54 Middle Eastern oil-exporting coun-
tries (1) 1,135 1,625 1,024
55 Africa 711 631 672
56 Oil-exporting countries (2) 165 171 180
57 Other (3) 1,140 1,537 1,572
2000 2001
Type of claim,
and area or country Sept. Dec. Mar.
1 Total 94,803 90,157 107,705
2 Payable in dollars 82,872 79,558 94,932
3 Payable in foreign currencies 11,931 10,599 12,773
By type
4 Financial claims 58,303 53,031 74,255
5 Deposits 30,928 23,374 25,419
6 Payable in dollars 27,974 21,015 23,244
7 Payable in foreign currencies 2,954 2,359 2,175
8 Other financial claims 27,375 29,657 48,836
9 Payable in dollars 20,541 25,142 41,417
10 Payable in foreign currencies 6,834 4,515 7,419
11 Commercial claims 36,500 37,126 33,450
12 Trade receivables 31,530 33,104 28,958
13 Advance payments and other claims 4,970 4,022 4,492
14 Payable in dollars 34,357 33,401 30,271
15 Payable in foreign currencies 2,143 3,725 3,179
By area or country
Financial claims
16 Europe 23,706 23,136 31,855
17 Belgium and Luxembourg 304 296 430
18 France 1,477 1,206 3,142
19 Germany 696 848 1,401
20 Netherlands 2,486 1,396 2,313
21 Switzerland 626 699 613
22 United Kingdom 16,191 15,900 20,938
23 Canada 7,517 4,576 4,847
24 Latin America and Caribbean 21,691 19,317 28,791
25 Bahamas 1,358 1,353 561
26 Bermuda 22 19 1,729
27 Brazil 1,568 1,827 1,648
28 British West Indies 15,722 12,596 21,227
29 Mexico 2,280 2,448 2,461
30 Venezuela 101 87 38
31 Asia 4,002 4,697 7,215
32 Japan 1,726 1,631 3,867
33 Middle Eastern oil-exporting coun-
tries (1) 85 80 86
34 Africa 284 411 430
35 Oil-exporting countries (2) 3 57 42
36 All other (3) 1,103 894 1,117
Commercial claims
37 Europe 16,486 15,938 13,775
38 Belgium and Luxembourg 393 452 395
39 France 2,921 3,095 3,479
40 Germany 2,159 1,982 1,586
41 Netherlands 1,310 1,729 757
42 Switzerland 684 763 634
43 United Kingdom 5,193 4,502 3,562
44 Canada 2,953 3,502 3,392
45 Latin America and Caribbean 5,788 5,851 5,144
46 Bahamas 75 37 20
47 Bermuda 387 376 407
48 Brazil 981 957 975
49 British West Indies 55 137 130
50 Mexico 1,612 1,507 1,350
51 Venezuela 379 328 292
52 Asia 8,986 9,630 8,985
53 Japan 2,074 2,796 2,560
54 Middle Eastern oil-exporting coun-
tries (1) 1,199 1,024 966
55 Africa 895 672 773
56 Oil-exporting countries (2) 392 180 165
57 Other (3) 1,392 1,572 1,381
2001
Type of claim,
and area or country June Sept. Dec.
1 Total 97,946 94,076 113,155
2 Payable in dollars 88,166 83,292 103,937
3 Payable in foreign currencies 9,780 10,784 9,218
By type
4 Financial claims 61,891 60,015 81,287
5 Deposits 25,381 22,391 29,801
6 Payable in dollars 23,174 19,888 27,850
7 Payable in foreign currencies 2,207 2,503 1,951
8 Other financial claims 36,510 37,624 51,486
9 Payable in dollars 32,038 32,076 46,621
10 Payable in foreign currencies 4,472 5,548 4,865
11 Commercial claims 36,055 34,06l 31,868
12 Trade receivables 31,107 29,328 27,586
13 Advance payments and other claims 4,948 4,733 4,282
14 Payable in dollars 32,954 31,328 29,466
15 Payable in foreign currencies 3,101 2,733 2,402
By area or country
Financial claims
16 Europe 23,975 23,069 26,118
17 Belgium and Luxembourg 262 372 625
18 France 1,376 1,682 1,450
19 Germany 1,163 1,112 1,068
20 Netherlands 1,072 954 2,138
21 Switzerland 653 665 589
22 United Kingdom 15,913 15,670 16,5l0
23 Canada 4,787 4,254 6,193
24 Latin America and Caribbean 24,403 26,099 41,201
25 Bahamas 818 649 976
26 Bermuda 426 80 918
27 Brazil 1,877 2,065 2,127
28 British West Indies 17,505 19,234 32,965
29 Mexico 2,633 2,910 3,075
30 Venezuela 66 80 83
31 Asia 6,829 5,274 6,430
32 Japan 1,698 1,761 1,604
33 Middle Eastern oil-exporting coun-
tries (1) 76 100 135
34 Africa 476 456 414
35 Oil-exporting countries (2) 35 83 49
36 All other (3) 1,421 891 93l
Commercial claims
37 Europe 14,582 14,381 14,036
38 Belgium and Luxembourg 404 354 268
39 France 3,192 3,062 2,922
40 Germany 1,993 1,977 1,662
41 Netherlands 863 844 529
42 Switzerland 472 514 611
43 United Kingdom 3,819 3,571 3,839
44 Canada 3,496 3,116 2,855
45 Latin America and Caribbean 6,107 5,590 4,874
46 Bahamas 39 35 42
47 Bermuda 650 526 369
48 Brazil 1,364 1,183 958
49 British West Indies 135 124 95
50 Mexico 1,416 1,442 1,401
51 Venezuela 321 301 288
52 Asia 9,692 8,704 7,855
53 Japan 3,154 2,438 2,007
54 Middle Eastern oil-exporting coun-
tries (1) 1,051 919 851
55 Africa 669 838 645
56 Oil-exporting countries (2) 154 170 88
57 Other (3) 1,509 1,432 1,603
(1.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(2.) Comprises Algeria, Gabon, Libya, and Nigeria.
(3.) Includes nonmonetary international and regional organizations.
Securities Holdings and Transactions
3.24 FOREIGN TRANSACTIONS IN SECURITIES
Millions of dollars
2002 2001
Transaction, and area Jan.-
or county 2000 2001 Mar. Sept.
U.S. corporate securities
STOCKS
1 Foreign purchases 3,605,196 3,051,355 802,226 193,492
2 Foreign sales 3,430,306 2,934,969 784,592 205,024
3 Net purchases, or
sales (-) 174,890 116,386 17,634 -11,532
4 Foreign countries 174,903 116,183 17,773 -11,521
5 Europe 164,656 88,098 19,982 -7,327
6 France 5,727 5,914 2,011 -2,609
7 Germany 31,752 8,415 1,240 -435
8 Netherlands 4,915 10,919 698 358
9 Switzerland 11,960 3,456 1,605 -688
10 United Kingdom 58,736 38,492 8,405 -564
11 Channel Islands and
Isle of Man n.a. -698 -297 -73
12 Canada 5,956 10,984 1,646 1,137
13 Latin America and
Caribbean -17,812 -5,157 -5,640 -4,780
14 Middle East (2) 9,189 1,789 -970 664
15 Other Asia 12,494 20,727 2,453 -879
16 Japan 2,070 6,788 987 -806
17 Africa 415 -366 11 -37
18 Other countries 5 108 291 -299
19 Nonmonetary interna-
tional and regional
organizations -11 203 -138 -11
BONDS (3)
20 Foreign purchases 1,208,386 1,943,158 569,471 156,458
21 Foreign sales 871,416 1,556,217 490,752 137,848
22 Net purchases, or
sales (-) 336,970 386,941 79,719 18,610
23 Foreign countries 337,074 386,376 78,718 18,455
24 Europe 180,917 195,798 32,838 9,659
25 France 2,216 5,028 660 -573
26 Germany 4,067 12,362 1,385 454
27 Netherlands 1,130 1,538 -1,118 457
28 Switzerland 3,973 5,721 867 -51
29 United Kingdom 141,223 153,158 24,999 9,672
30 Channel Islands and
Isle of Man n.a. 2,000 453 93
31 Canada 13,287 4,595 964 -644
32 Latin America and
Caribbean 59,444 77,217 24,263 2,519
33 Middle East (1) 2,076 2,338 1,139 8
34 Other Asia 78,794 106,812 19,217 7,281
35 Japan 39,356 34,099 -2,140 1,066
36 Africa 938 760 26 -6
37 Other countries 1,618 -1,144 271 -362
38 Nonmonetary interna-
tional and regional
organizations -70 566 1 155
Foreign securities
39 Stocks, net purchases,
or sales (-) -13,088 -50,133 6,652 2,331
40 Foreign purchases 1,802,185 1,397,664 315,213 99,588
41 Foreign sales 1,815,273 1,447,777 308,561 97,257
42 Bonds, net purchases,
or sales (-) -4,054 30,393 4,020 10,326
43 Foreign purchases 958,932 1,159,155 292,187 87,083
44 Foreign sales 962,986 1,128,762 288,167 76,757
45 Net purchases, or
sales (-), of stocks
and bonds -17,142 -19,720 10,672 12,657
46 Foreign countries -17,278 -19,132 10,794 12,659
47 Europe -25,386 -12,117 11,841 5,993
48 Canada -3,888 2,943 328 1,297
49 Latin America and
Caribbean -15,688 4,245 2,528 2,663
50 Asia 24,488 -11,869 -3,813 2,534
51 Japan 20,970 -20,116 -3,049 -391
52 Africa 943 -557 62 -34
53 Other countries 2,253 -1,777 -150 206
54 Nonmonetary interna-
tional and regional
organizations 150 -587 -124 -2
2001 2002
Transaction, and area
or country Oct. Nov. Dec. Jan.
U.S. corporate securities
STOCKS
1 Foreign purchases 255,682 241,318 239,289 255,725
2 Foreign sales 248,425 228,147 226,004 247,109
3 Net purchases, or
sales (-) 7,257 13,171 13,285 8,616
4 Foreign countries 7,234 13,162 13,266 8,737
5 Europe 7,478 8,492 6,740 8,730
6 France 1,969 -845 101 1,302
7 Germany 825 698 688 479
8 Netherlands 552 1,096 1,271 406
9 Switzerland 352 326 854 470
10 United Kingdom 3,313 3,248 2,033 3,972
11 Channel Islands and
Isle of Man -23 -198 20 -81
12 Canada 197 938 1,250 591
13 Latin America and
Caribbean -1,508 1,833 3,931 -1,447
14 Middle East (2) -514 -105 249 96
15 Other Asia 1,551 1,811 600 572
16 Japan 1,148 414 65 -209
17 Africa -31 -9 -7 32
18 Other countries 61 202 503 163
19 Nonmonetary interna-
tional and regional
organizations 23 9 19 -121
BONDS (3)
20 Foreign purchases 192,442 187,115 177,721 181,519
21 Foreign sales 151,612 156,019 155,238 161,985
22 Net purchases, or
sales (-) 40,830 31,096 22,483 19,534
23 Foreign countries 41,002 30,853 22,452 19,624
24 Europe 15,513 16,172 8,077 7,890
25 France 601 270 330 68
26 Germany 1,666 2,001 -12 93
27 Netherlands 83 -154 -637 -1,495
28 Switzerland 292 417 75 143
29 United Kingdom 10,422 12,928 5,985 7,619
30 Channel Islands and
Isle of Man 355 69 404 130
31 Canada 1,335 25 892 338
32 Latin America and
Caribbean 2,270 7,838 5,765 4,655
33 Middle East (1) 307 432 455 420
34 Other Asia 21,044 6,593 7,721 6,802
35 Japan 15,243 1,104 -810 -717
36 Africa 272 71 -45 -30
37 Other countries 261 -278 -413 -451
38 Nonmonetary interna-
tional and regional
organizations -172 243 31 -90
Foreign securities
39 Stocks, net purchases,
or sales (-) -3,097 2,795 -8,955 3,822 (r)
40 Foreign purchases 105,799 108,043 88,033 103,389 (r)
41 Foreign sales 108,896 105,248 96,988 99,567 (r)
42 Bonds, net purchases,
or sales (-) -754 -1,214 -945 -5,558 (r)
43 Foreign purchases 94,951 95,672 69,504 93,550 (r)
44 Foreign sales 95,345 96,886 70,449 99,108 (r)
45 Net purchases, or
sales (-), of stocks
and bonds -3,851 1,581 -9,990 -1,736 (r)
46 Foreign countries -3,657 1,587 -9,832 -1,720 (r)
47 Europe -4,904 2,206 -9,831 -2,417 (r)
48 Canada -676 -470 1,010 1,381
49 Latin America and
Caribbean -571 1,973 118 2,644 (r)
50 Asia 3,070 -2,138 -1,494 -3,478 (r)
51 Japan 1,441 -3,575 -1,924 400
52 Africa -565 191 134 72
53 Other countries -11 -175 231 78
54 Nonmonetary interna-
tional and regional
organizations -194 -6 -68 -16
2002
Transaction, and area Feb. Mar.
or country (r) (p)
U.S. corporate
securities
STOCKS
1 Foreign purchases 259,951 286,550
2 Foreign sales 257,850 279,633
3 Net purchases, or
sales (-) 2,101 6,917
4 Foreign countries 2,104 6,932
5 Europe 4,442 6,810
6 France 304 405
7 Germany 429 332
8 Netherlands 100 192
9 Switzerland 566 569
10 United Kingdom 1,323 3,110
11 Channel Islands and
Isle of Man -103 -113
12 Canada 457 598
13 Latin America and
Caribbean -4,495 302
14 Middle East (2) -165 -901
15 Other Asia 1,636 245
16 Japan 194 1,002
17 Africa 5 -26
18 Other countries 224 -96
19 Nonmonetary interna-
tional and regional
organizations -2 -15
BONDS (3)
20 Foreign purchases 168,724 219,228
21 Foreign sales 155,237 173,530
22 Net purchases, or
sales (-) 13,487 45,698
23 Foreign countries 13,217 45,877
24 Europe 4,619 20,329
25 France 14 578
26 Germany -253 1,545
27 Netherlands 550 -173
28 Switzerland 826 -102
29 United Kingdom 1,740 15,640
30 Channel Islands and
Isle of Man 14 309
31 Canada -243 869
32 Latin America and
Caribbean 6,077 13,531
33 Middle East (1) 342 377
34 Other Asia 2,094 10,321
35 Japan -957 -466
36 Africa 22 34
37 Other countries 306 416
38 Nonmonetary interna-
tional and regional
organizations 270 -179
Foreign
securities
39 Stocks, net purchases,
or sales (-) -2,723 5,553
40 Foreign purchases 95,364 116,460
41 Foreign sales 98,087 110,907
42 Bonds, net purchases,
or sales (-) 2,245 7,333
43 Foreign purchases 89,172 109,465
44 Foreign sales 86,927 102,132
45 Net purchases, or
sales (-), of stocks
and bonds -478 12,886
46 Foreign countries -467 12,981
47 Europe 588 13,670
48 Canada -289 -764
49 Latin America and
Caribbean -1,469 1,353
50 Asia 614 -949
51 Japan -660 -2,789
52 Africa 62 -72
53 Other countries 29 -257
54 Nonmonetary interna-
tional and regional
organizations -13 -95
(1.) Before January 2001, data included in United Kingdom.
(2.) Comprises oil-exporting countries as follows: Bahrain, Iran, Iraq,
Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates
(Trucial States).
(3.) Includes state and local government securities and securities U.S.
government agencies and corporations. Also includes issues of new debt
securities sold abroad by U.S. corporations organized to finance direct
investments abroad.
3.25 MARKETABLE U.S. TREASURY BONDS AND NOTES Foreign Transactions (1)
Millions of dollars; net purchases, or sales (-) during period
2002 2001
Jan.-
Area or country 2000 2001 Mar. Sept.
1 Total estimated -54,032 18,472 -3,015 -1,990
2 Foreign countries -53,571 19,158 -3,753 -2,138
3 Europe -50,704 -20,510 301 -782
4 Belgium (2) 73 -598 39 174
5 Germany -7,304 -1,668 -1,984 -113
6 Luxembourg (2) n.a. 462 -561 -348
7 Netherlands 2,140 -6,728 -5,177 -2,653
8 Sweden 1,082 -1,190 -298 1,037
9 Switzerland -10,326 1,412 1,171 979
10 United Kingdom -33,669 -7,185 8,962 1,992
11 Channel Islands and Isle
of Man (3) n.a. -179 -207 -1
12 Other Europe and former
U.S.S.R. -2,700 -4,836 -1,644 -1,849
13 Canada -550 -4,136 -574 -947
14 Latin America and
Caribbean -4,914 5,046 -4,015 -541
15 Venezuela 1,288 290 14 39
16 Other Latin America and
Caribbean -11,581 15,500 7,401 -524
17 Netherlands Antilles 5,379 -10,744 -11,430 -56
18 Asia 1,639 37,992 294 -150
19 Japan 10,580 17,774 -6,502 -3,329
20 Africa -414 -880 139 47
21 Other 1,372 1,646 102 235
22 Nonmonetary international
and regional
organizations -461 -686 738 148
23 International -483 -290 389 -65
24 Latin American Caribbean
regional 76 41 9 0
MEMO
25 Foreign countries -53,571 19,158 -3,753 -2,138
26 Official institutions -6,302 3,474 77 2,549
27 Other foreign -47,269 15,684 -3,830 -4,687
Oil-exporting countries
28 Middle East (4) 3,483 865 971 -586
29 Africa (5) 0 -2 1 -2
2001 2002
Area or country Oct. Nov. Dec. Jan.
1 Total estimated 14,969 12,676 10,497 -16,762
2 Foreign countries 14,884 12,902 10,531 -17,027
3 Europe 2,339 -5,850 278 -6,688
4 Belgium (2) -146 -9 202 -108
5 Germany -392 54 1,075 -3,466
6 Luxembourg (2) 285 -5 -34 -514
7 Netherlands -1,336 -701 -948 -2,098
8 Sweden -109 268 -197 -337
9 Switzerland -339 215 335 313
10 United Kingdom 7,359 -7,374 2,007 -86
11 Channel Islands and Isle
of Man (3) -34 7 -136 -3
12 Other Europe and former
U.S.S.R. -2,949 1,695 -2,026 -389
13 Canada -3,091 -430 2,978 -3,473
14 Latin America and
Caribbean 3,998 6,266 -6,368 2,603
15 Venezuela -129 103 3 33
16 Other Latin America and
Caribbean 4,065 8,393 -3,984 1,635
17 Netherlands Antilles 62 -2,230 -2,387 935
18 Asia 11,755 11,820 14,423 -9,221
19 Japan 16,640 1,737 4,379 -6,649
20 Africa -396 53 -293 -65
21 Other 279 1,043 -487 -183
22 Nonmonetary international
and regional
organizations 85 -226 -34 265
23 International 8 63 43 138
24 Latin American Caribbean
regional 1 43 -25 -1
MEMO
25 Foreign countries 14,884 12,902 10,531 -17,027
26 Official institutions 2,239 6,266 1,061 -3,000
27 Other foreign 12,645 6,636 9,470 -14,027
Oil-exporting countries
28 Middle East (4) 12 2,442 2,217 784
29 Africa (5) 0 0 0 0
2002
Mar.
Area or country Feb. (p)
1 Total estimated -169 13,916
2 Foreign countries -493 13,767
3 Europe -79 7,068
4 Belgium (2) -263 410
5 Germany -277 1,759
6 Luxembourg (2) -126 79
7 Netherlands 812 -3,891
8 Sweden -230 269
9 Switzerland -115 973
l0 United Kingdom 1,938 7,110
11 Channel Islands and Isle
of Man (3) 47 -251
12 Other Europe and former
U.S.S.R. -1,865 610
13 Canada 1,204 1,695
14 Latin America and
Caribbean -6,194 -424
15 Venezuela -12 -7
16 Other Latin America and
Caribbean -3,072 8,838
17 Netherlands Antilles -3,110 -9,255
18 Asia 3,862 5,653
19 Japan 2,456 -2,309
20 Africa 134 70
21 Other 580 -295
22 Nonmonetary international
and regional
organizations 324 149
23 International 52 199
24 Latin American Caribbean
regional 15 -5
MEMO
25 Foreign countries -493 13,767
26 Official institutions -2,177 5,254
27 Other foreign 1,684 8,513
Oil-exporting countries
28 Middle East (4) 50 137
29 Africa (5) -1 2
(1.) Official and private transactions in marketable U.S. Treasury
securities having an original maturity of more than one year. Data are
based on monthly transactions reports. Excludes nonmarketable U.S.
Treasury bonds and notes held by official institutions of foreign
countries.
(2.) Before January 2001, combined data reported for Belgium and
Luxembourg.
(3.) Before January 2001, these data were included in the data reported
for the United Kingdom.
(4.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(5.) Comprises Algeria, Gabon, Libya, and Nigeria.
3.28 FOREIGN EXCHANGE RATES AND INDEXES OF THE FOREIGN EXCHANGE VALUE
OF THE U.S. DOLLAR (1)
Currency units per U.S. dollar except as noted
Item 1999 2000 2001
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar (2) 64.54 58.15 51.69
2 Brazil/real 1.8207 1.8301 2.3527
3 Canada/dollar 1.4858 1.4855 1.5487
4 China, P.R./yuan 8.2783 8.2784 8.2770
5 Denmark/krone 6.9900 8.0953 8.3323
6 European Monetary
Union/euro (3) 1.0653 0.9232 0.8952
7 Greece/drachma 306.30 365.92 n.a.
8 Hong Kong/dollar 7.7594 7.7924 7.7997
9 India/rupee 43.13 45.00 47.22
10 Japan/yen 113.73 107.80 121.57
11 Malaysia/ringgit 3.8000 3.8000 3.8000
12 Mexico/peso 9.553 9.459 9.337
13 New Zealand/dollar (2) 52.94 45.68 42.02
14 Norway/krone 7.8071 8.8131 8.9964
15 Singapore/dollar 1.6951 1.7250 1.7930
16 South Africa/rand 6.1191 6.9468 8.6093
17 South Korea/won 1,189.84 1,130.90 1,292.01
18 Sri Lanka/rupee 70.868 76.964 89.602
19 Sweden/krona 8.2740 9.1735 10.3425
20 Switzerland/franc 1.5045 1.6904 1.6891
21 Taiwan/dollar 32.322 31.260 33.824
21 Thailand/baht 37.887 40.210 44.532
23 United Kingdom/pound
(2) 161.72 151.56 143.96
24 Venezuela/bolivar 606.82 680.52 724.10
Indexes (4)
NOMINAL
25 Broad (January 1997=
100) (5) 116.87 119.67 126.09
26 Major currencies
(March 1973=100) (6) 94.07 98.32 104.32
27 Other important
trading partners
(January 1997=100)
(7) 129.94 130.33 136.34
REAL
28 Broad (March 1973=100)
(5) 100.78 104.32 110.42 (r)
29 Major currencies
(March 1973=100) (6) 97.06 103.17 110.73 (r)
30 Other important
trading partners
(March 1973=100) (7) 114.25 114.53 119.20 (r)
2001 2002
Item Dec. Jan. Feb.
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar (2) 51.38 51.70 51.28
2 Brazil/real 2.3635 2.3799 2.4242
3 Canada/dollar 1.5788 1.5997 1.5964
4 China, P.R./yuan 8.2761 8.2771 8.2767
5 Denmark/krone 8.3526 8.4183 8.5343
6 European Monetary
Union/euro (3) 0.8192 0.8832 0.8707
7 Greece/drachma n.a. n.a. n.a.
8 Hong Kong/dollar 7.7989 7.7989 7.7996
9 India/rupee 47.93 48.35 48.72
10 Japan/yen 127.59 132.68 133.64
11 Malaysia/ringgit 3.8000 3.8000 3.8002
12 Mexico/peso 9.157 9.164 9.105
13 New Zealand/dollar (2) 41.57 42.45 41.87
14 Norway/krone 8.9713 8.9684 8.9492
15 Singapore/dollar 1.8382 1.8394 1.8312
16 South Africa/rand 11.6761 11.6258 11.4923
17 South Korea/won 1,292.29 1,316.34 1,320.55
18 Sri Lanka/rupee 93.194 93.473 93.650
19 Sweden/krona 10.5753 10.4561 10.5501
20 Switzerland/franc 1.6566 1.6709 1.6970
21 Taiwan/dollar 34.682 35.027 35.073
21 Thailand/baht 43.952 44.036 43.854
23 United Kingdom/pound
(2) 144.13 143.22 142.27
24 Venezuela/bolivar 753.64 762.40 898.51
Indexes (4)
NOMINAL
25 Broad (January 1997=
100) (5) 127.52 129.26 130.03
26 Major currencies
(March 1973=100) (6) 106.30 108.10 108.82
27 Other important
trading partners
(January 1997=100)
(7) 136.62 137.95 138.64
REAL
28 Broad (March 1973=100)
(5) 111.05 (r) 112.52 (r) 113.10 (r)
29 Major currencies
(March 1973=100) (6) 112.67 (r) 114.67 (r) 115.66 (r)
30 Other important
trading partners
(March 1973=100) (7) 118.21 (r) 119.13 (r) 119.25 (r)
2002
Item Mar. Apr. May
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar (2) 52.56 53.52 54.98
2 Brazil/real 2.3450 2.3227 2.4753
3 Canada/dollar 1.5877 1.5815 1.5502
4 China, P.R./yuan 8.2773 8.2772 8.2770
5 Denmark/krone 8.4795 8.3942 (r) 8.1098
6 European Monetary
Union/euro (3) 0.8766 0.8860 0.9170
7 Greece/drachma n.a. n.a. n.a.
8 Hong Kong/dollar 7.7997 7.8000 7.7994
9 India/rupee 48.77 48.94 49.02
10 Japan/yen 131.06 130.77 126.38
11 Malaysia/ringgit 3.8000 3.8000 3.8000
12 Mexico/peso 9.064 9.165 9.510
13 New Zealand/dollar (2) 43.33 44.28 46.10
14 Norway/krone 8.8072 8.6102 8.2050
15 Singapore/dollar 1.8295 1.8285 1.8004
16 South Africa/rand 11.4863 11.0832 10.1615
17 South Korea/won 1,322.90 1,318.09 1,262.20
18 Sri Lanka/rupee 94.903 96.030 96.318
19 Sweden/krona 10.3324 10.3070 10.0642
20 Switzerland/franc 1.6743 1.6542 1.5889
21 Taiwan/dollar 35.020 34.917 34.454
21 Thailand/baht 43.415 43.442 42.817
23 United Kingdom/pound
(2) 142.30 144.29 145.98
24 Venezuela/bolivar 922.66 871.38 985.80
Indexes (4)
NOMINAL
25 Broad (January 1997=
100) (5) 129.27 128.95 127.35
26 Major currencies
(March 1973=100) (6) 107.76 107.03 104.09
27 Other important
trading partners
(January 1997=100)
(7) 138.49 138.86 139.71
REAL
28 Broad (March 1973=100)
(5) 112.79 (r) 112.71 (r) 111.83
29 Major currencies
(March 1973=100) (6) 114.60 (r) 113.95 (r) 111.35
30 Other important
trading partners
(March 1973=100) (7) 119.85 (r) 120.49 (r) 121.76
(1.) Averages of certified noon buying rates in New York for cable
transfers. Data in this table also appear in the Board's G.5 (405)
monthly statistical release. For ordering address, see inside front
cover.
(2.) U.S. cents per currency unit.
(3.) The euro is reported in place of the individual euro area
currencies. By convention, the rate is reported in U.S. dollars per
euro. The bilateral currency rates can be derived from the euro rate
by using the fixed conversion rates (in currencies per euro) as shown
below:
Euro equals
13.7603 Austrian schillings
40.3399 Belgian francs
5.94573 Finnish markkas
6.55957 French francs
1.95583 German marks
.787564 Irish pounds
1,936.27 Italian lire
40.3399 Luxembourg francs
2.20371 Netherlands guilders
200.482 Portuguese escudos
166.386 Spanish pesetas
340.750 Greek drachmas
(4.) Starting with the February 2002 Bulletin, revised index values
resulting from the periodic revision of data that underlie the
calculated trade weights are reported. For more information on the
indexes of the foreign exchange value of the dollar, see Federal
Reserve Bulletin, vol. 84 (October 1998), pp. 811-818.
(5.) Weighted average of the foreign exchange value of the U.S. dollar
against the currencies of a broad group of U.S. trading partners. The
weight for each currency is computed as an average of U.S. bilateral
import shares from and export shares to the issuing country and of a
measure of the importance to U.S. exporters of that country's trade in
third country markets.
(6.) Weighted average of the foreign exchange value of the U.S. dollar
against a subset of broad index currencies that circulate widely
outside the country of issue. The weight for each currency is its broad
index weight scaled so that the weights of the subset of currencies in
the index sum to one.
(7.) Weighted average of the foreign exchange value of the U.S. dollar
against a subset of broad index currencies that do not circulate widely
outside the country of issue. The weight for each currency is its broad
index weight scaled so that the weights of the subset of currencies in
the index sum to one.
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