Financial and business statistics.
A3 GUIDE TO TABLES
DOMESTIC FINANCIAL STATISTICS
Money Stock and Bank Credit
A4 Reserves, money stock, and debt 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 and debt 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 fiscal and financing operations
A26 U.S. budget receipts and outlays
A27 Federal debt subject to statutory limitation
A27 Gross public debt of U.S. Treasury--Types
and ownership
A28 U.S. government securities
dealers--Transactions
A29 U.S. government securities dealers--Positions
and financing
A30 Federal and federally sponsored credit
agencies--Debt outstanding
Securities Markets and Corporate Finance
A31 New security issues--Tax-exempt state and local
governments and corporations
A32 Open-end investment companies--Net sales
and assets
A32 Corporate profits and their distribution
A32 Domestic finance companies--Assets and liabilities
A33 Domestic finance companies--Owned and managed
receivables
Real Estate
A34 Mortgage markets--New homes
A35 Mortgage debt outstanding
Consumer Credit
A36 Total outstanding
A36 Terms
Flow of Funds
A37 Funds raised in U.S. credit markets
A39 Summary of financial transactions
A40 Summary of credit market debt outstanding
A41 Summary of financial assets and liabilities
DOMESTIC NONFINANCIAL STATISTICS
Selected Measures
A42 Nonfinancial business activity
A42 Labor force, employment, and unemployment
A43 Output, capacity, and capacity utilization
A44 Industrial production--Indexes and gross value
A46 Housing and construction
A47 Consumer and producer prices
A48 Gross domestic product and income
A49 Personal income and saving
INTERNATIONAL STATISTICS
Summary Statistics
A50 U.S. international transactions
A51 U.S. foreign trade
A51 U.S. reserve assets
A51 Foreign official assets held at Federal Reserve
Banks
A52 Selected U.S. liabilities to foreign official
institutions
Reported by Banks in the United States
A52 Liabilities to, and claims on, foreigners
A53 Liabilities to foreigners
A55 Banks' own claims on foreigners
A56 Banks' own and domestic customers' claims on
foreigners
A56 Banks' own claims on unaffiliated foreigners
A57 Claims on foreign countries--Combined
domestic offices and foreign branches
Reported by Nonbanking Business
Enterprises in the United States
A58 Liabilities to unaffiliated foreigners
A59 Claims on unaffiliated foreigners
Securities Holdings and Transactions
A60 Foreign transactions in securities
A61 Marketable U.S. Treasury bonds and
notes--Foreign transactions
Interest and Exchange Rates
A62 Foreign exchange rates
A63 GUIDE TO SPECIAL TABLES AND
STATISTICAL RELEASES
SPECIAL TABLES
A64 Assets and liabilities of commercial banks,
December 31, 2001
A66 Terms of lending at commercial banks,
February 2002
A72 Assets and liabilities of U.S. branches and
agencies of foreign banks, December 31, 2001
A76 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 [] May 2002
1.10 RESERVES, MONEY STOCK, AND DEBT MEASURES
Percent annual rate of change, seasonally adjusted (1)
2001
Q4
Monetary or credit aggregate Q1 Q2 Q3 (r)
Reserves of depository
institutions (2)
1 Total -8.1 (r) 4.0 (r) 76.3 (r) -30.2
2 Required -9.8 (r) 6.4 (r) 14.8 (r) 23.2
3 Nonborrowed -5.6 (r) 2.9 (r) 65.0 (r) -20.4
4 Monetary base (3) 5.5 (r) 6.2 (r) 14.8 (r) 6.6
Concepts of money and
debts
5 M1 2.7 6.0 16.5 1.5
6 M2 9.7 9.3 11.3 9.5
7 M3 12.6 (r) 13.5 10.3 12.4
8 Debt 4.7 (r) 5.7 (r) 5.7 6.9
Nontransaction components
9 In M2 (5) 11.7 10.2 9.8 (r) 11.7
10 In M3 only (6) 19.3 (r) 23.1 (r) 8.1 18.8
Time and savings deposits
Commercial banks
11 Savings, including MMDAs 17.9 20.1 19.7 23.3
12 Small time (7) 2.8 (r) -7.6 -10.4 -12.1
13 Large time (8), (9) -1.9 (r) -1.1 (r) -8.2 (r) -7.9
Thrift institutions
14 Savings, including MMDAs 6.9 22.0 25.2 27.1
15 Small time (7) 6.8 4.1 -5.1 (r) -11.8
16 Large time (8) 13.4 11.5 14.9 (r) 3.3
Money market mutual funds
17 Retail 13.0 4.5 6.2 9.1
18 Institution-only 47.2 49.7 27.2 49.2
Repurchase agreements and
eurodollars
19 Repurchase agreements (10) -5.4 18.9 -8.1 -.8
20 Eurodollars (10) 34.6 7.0 -1.0 -1.7
Debt components (4)
21 Federal -5.2 -7.0 3.1 3.9
22 Nonfederal 7.0 (r) 8.6 (r) 6.3 7.5
2001
Oct. Nov. Dec. Jan.
Monetary or credit aggregate (r) (r) (r) (r) Feb.
Reserves of depository
institutions (2)
1 Total -258.9 -124.9 5.7 12.0 -4.4
2 Required 157.3 -133.1 1.3 19.6 -3.6
3 Nonborrowed -203.6 -124.1 6.2 12.5 -3.8
4 Monetary base (3) -17.3 -1.7 9.4 12.0 9.6
Concepts of money and
debts
5 M1 -42.8 2.3 15.0 3.1 1.3
6 M2 -2.3 9.8 9.3 2.2 6.6
7 M3 7.3 13.4 10.4 .0 6.3
8 Debt 5.8 7.2 6.6 3.2 n.a.
Nontransaction components
9 In M2 (5) 9.4 11.9 7.7 2.0 8.0
10 In M3 only (6) 28.4 21.4 12.8 -4.7 5.8
Time and savings deposits
Commercial banks
11 Savings, including MMDAs 12.4 28.4 23.0 18.8 21.9
12 Small time (7) -11.0 -16.1 -18.7 -17.3 -14.7
13 Large time (8), (9) -6.9 -10.3 7.2 34.2 6.6
Thrift institutions
14 Savings, including MMDAs 34.3 26.1 14.1 24.2 41.7
15 Small time (7) -14.6 -14.4 -13.2 -19.8 -12.8
16 Large time (8) 4.1 -15.5 -7.3 11.6 -6.3
Money market mutual funds
17 Retail 12.9 3.9 2.2 -19.9 -15.2
18 Institution-only 76.1 33.0 26.2 -30.2 -.8
Repurchase agreements and
eurodollars
19 Repurchase agreements (10) -13.3 56.0 2.9 2.6 11.2
20 Eurodollars (10) -15.6 22.1 -14.5 -6.2 36.8
Debt components (4)
21 Federal .0 -.1 3.1 -.5 n.a.
22 Nonfederal 7.1 8.7 7.3 4.0 n.a.
(1.) Unless otherwise noted, rates of change are calculated from
average amounts outstanding during preceding month or quarter.
(2.) Figures incorporate adjustments for discontinuities, or "breaks,"
associated with regulatory changes in reserve requirements (See also
table 1.20.)
(3.) The seasonally adjusted, break-adjusted monetary base consists of
(1) seasonally adjusted, break-adjusted total reserves (line 1), plus
(2) the seasonally adjusted currency component of the money stock, plus
(3) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all weekly reporters
whose vault cash exceeds their required reserves) the seasonally
adjusted, break-adjusted difference between current vault cash and the
amount applied to satisfy current reserve requirements.
(4.) Composition of the money stock measures and debt is as follows:
M1: (1) currency outside the U.S. Treasury, Federal Reserve Banks, and
the vaults of depository institutions, (2) travelers checks of nonbank
issuers, (3) demand deposits at all commercial banks other than those
owed to depository institutions, the U.S. government, and foreign banks
and official institutions, less cash items in the process of collection
and Federal Reserve float, and (4) other checkable deposits (OCDs),
consisting of negotiable order of withdrawal (NOW) and automatic
transfer service (ATS) accounts at depository institutions, credit
union share draft accounts, and demand deposits at thrift institutions.
Seasonally adjusted M1 is computed by summing currency, travelers
checks, demand deposits, and OCDs, each seasonally adjusted separately.
M2: M1 plus (1) savings (including MMDAs), (2) small-denomination time
deposits (time deposits--including retail RPs--in amounts of less than
$100,000), and (3) balances in retail money market mutual funds.
Excludes individual retirement accounts (IRAs) and Keogh balances at
depository institutions and money market funds. Seasonally adjusted M2
is calculated by summing savings deposits, small-denomination time
deposits, and retail money fund balances, each seasonally adjusted
separately, and adding this result to seasonally adjusted M1.
M3: M2 plus (1) large-denomination time deposits (in amounts of
$100,000 or more), (2) balances in institutional money funds, (3) RP
liabilities (overnight and term) issued by all depository institutions,
and (4) eurodollars (overnight and term) held by U.S. residents at
foreign branches of U.S. banks worldwide and at all banking offices in
the United Kingdom and Canada. Excludes amounts held by depository
institutions, the U.S. government, money market funds, and foreign
banks and official institutions. Seasonally adjusted M3 is calculated
by summing large time deposits, institutional money fund balances, RP
liabilities, and eurodollars, each seasonally adjusted separately, and
adding this result to seasonally adjusted M2.
Debt: The debt aggregate is the outstanding credit market debt of the
domestic nonfinancial sectors--the federal sector (U.S. government, not
including government-sponsored enterprises or federally related
mortgage pools) and the nonfederal sectors (state and local
governments, households and nonprofit organizations, nonfinancial
corporate and nonfarm noncorporate businesses, and farms). Nonfederal
debt consists of mortgages, tax-exempt and corporate bonds, consumer
credit, bank loans, commercial paper, and other loans. The data, which
are derived from the Federal Reserve Board's flow of funds accounts,
are break-adjusted (that is, discontinuities in the data have been
smoothed into the series) and month-averaged (that is, the data have
been derived by averaging adjacent month-end levels).
(5.) Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances, each seasonally adjusted
separately.
(6.) Sum of (1) large time deposits, (2) institutional money fund
balances, (3) RP liabilities (overnight and term) issued by depository
institutions, and (4) eurodollars (overnight and term) of U.S.
addressees, each seasonally adjusted separately.
(7.) Small time deposits--including retail RPs--are those issued in
amounts of less than $100,000. All IRA and Keogh account balances at
commercial banks and thrift institutions are subtracted from small time
deposits.
(8.) Large time deposits are those issued in amounts of $100,000 or
more, excluding those booked at international banking facilities.
(9.) Large time deposits at commercial banks less those held by money
market funds, depository institutions, the U.S. government, and foreign
banks and official institutions.
(10.) Includes both overnight and term.
Money Stock and Bank Credit
1.11 RESERVES OF DEPOSITORY INSTITUTIONS AND RESERVE BANK CREDIT (1)
Millions of dollars
Average of
daily figures
2001 2002
Factor Dec. Jan. Feb.
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 628,846 631,094 631,364
U.S. government
securities (2)
2 Bought outright--
System account (3) 553,365 558,206 564,721
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) 38,552 34,752 29,562
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 23 45 13
9 Seasonal credit 35 15 17
10 Special Liquidity
Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float 701 384 74
13 Other Federal Reserve
assets 36,160 37,683 36,967
14 Gold stock 11,045 11,045 11,044
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency
outstanding 32,997 (r) 33,051 (r) 33,110
ABSORBING RESERVE FUNDS
17 Currency in circulation 632,657 (r) 633,897 (r) 635,747
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 434 425 410
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 5,274 6,999 4,906
21 Foreign 253 185 189
22 Service-related balances
and adjustments 8,901 8,980 9,226
23 Other 247 241 229
24 Other Federal Reserve
liabilities and capital 17,841 17,527 17,748
25 Reserve balances with
Federal Reserve Banks
(5) 9,480 9,135 9,262
Average of daily figures for
week ending on date indicated
2002
Factor Jan. 16 Jan. 23 Jan. 30
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 629,102 631,915 627,668
U.S. government
securities (2)
2 Bought outright--
System account (3) 558,463 557,929 561,041
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) 32,971 35,929 28,464
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 8 21 11
9 Seasonal credit 10 17 19
10 Special Liquidity
Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float -83 96 25
13 Other Federal Reserve
assets 37,723 37,913 38,098
14 Gold stock 11,045 11,045 11,045
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency
outstanding 33,045 (r) 33,059 (r) 33,073 (r)
ABSORBING RESERVE FUNDS
17 Currency in circulation 632,566 (r) 631,787 (r) 630,101 (r)
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 432 417 422
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 5,712 7,099 9,170
21 Foreign 271 135 263
22 Service-related balances
and adjustments 8,892 9,206 8,927
23 Other 232 223 237
24 Other Federal Reserve
liabilities and capital 17,693 17,594 17,501
25 Reserve balances with
Federal Reserve Banks
(5) 9,594 11,758 7,364
Average of daily figures for
week ending on date indicated
2002
Factor Feb. 6 Feb. 13 Feb. 20 Feb. 27
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 629,759 627,817 636,437 631,999
U.S. government
securities (2)
2 Bought outright--
System account (3) 562,126 562,646 565,884 567,332
3 Held under repurchase
agreements 0 0 0 0
Federal agency
obligations
4 Bought outright 10 10 10 10
5 Held under repurchase
agreements 0 0 0 0
6 Repurchase agreements--
triparty (4) 28,607 26,464 34,750 28,856
7 Acceptances 0 0 0 0
Loans to depository
institutions
8 Adjustment credit 6 31 2 5
9 Seasonal credit 16 24 16 12
10 Special Liquidity
Facility credit 0 0 0 0
11 Extended credit 0 0 0 0
12 Float 1,011 9 -58 33
13 Other Federal Reserve
assets 37,983 38,633 35,833 35,752
14 Gold stock 11,045 11,044 11,044 11,044
15 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
16 Treasury currency
outstanding 33,087 33,101 33,115 33,129
ABSORBING RESERVE FUNDS
17 Currency in circulation 631,459 634,627 638,445 637,436
18 Reverse repurchase
agreements--triparty (4) 0 0 0 0
19 Treasury cash holdings 414 408 407 410
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 6,196 4,976 4,892 4,696
21 Foreign 190 314 136 127
22 Service-related balances
and adjustments 9,017 9,376 9,445 9,061
23 Other 262 222 219 218
24 Other Federal Reserve
liabilities and capital 17,539 17,715 17,791 17,887
25 Reserve balances with
Federal Reserve Banks
(5) 11,014 6,525 11,461 8,537
End-of-month figures
2001 2002
Factor Dec. Jan. Feb.
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 638,778 640,289 636,381
U.S. government
securities (2)
2 Bought outright--
System account (3) 551,675 561,376 567,634
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) 50,250 37,500 34,499
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 4 10 61
9 Seasonal credit 30 9 7
10 Special Liquidity
Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float -23 3,656 -1,232
13 Other Federal Reserve
assets 36,832 37,728 35,402
14 Gold stock 11,045 11,045 11,044
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency
outstanding 33,017 (r) 33,087 (r) 33,143
ABSORBING RESERVE FUNDS
17 Currency in circulation 643,301 (r) 630,757 (r) 637,919
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 425 415 414
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 6,645 13,688 5,752
21 Foreign 61 162 89
22 Service-related balances
and adjustments 9,061 9,017 9,048
23 Other 820 286 254
24 Other Federal Reserve
liabilities and capital 17,083 17,385 17,792
25 Reserve balances with
Federal Reserve Banks
(5) 7,643 14,909 11,499
Wednesday figures
2002
Factor Jan. 16 Jan. 23 Jan. 30
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 627,757 658,288 635,350
U.S. government
securities (2)
2 Bought outright--
System account (3) 559,730 560,195 562,933
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) 30,900 56,500 32,250
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 2 42 12
9 Seasonal credit 12 20 14
10 Special Liquidity
Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float -645 3,411 1,751
13 Other Federal Reserve
assets 37,748 38,110 38,380
14 Gold stock 11,045 11,045 11,045
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency
outstanding 33,045 (r) 33,059 (r) 33,073 (r)
ABSORBING RESERVE FUNDS
17 Currency in circulation 632,062 (r) 632,166 (r) 631,142 (r)
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 416 423 415
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 6,719 9,850 13,340
21 Foreign 88 284 434
22 Service-related balances
and adjustments 8,892 9,206 8,927
23 Other 238 220 228
24 Other Federal Reserve
liabilities and capital 17,464 17,402 17,427
25 Reserve balances with
Federal Reserve Banks
(5) 8,166 35,039 9,754
Wednesday figures
2002
Factor Feb. 6 Feb. 13 Feb. 20 Feb. 27
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 631,768 628,252 640,357 635,346
U.S. government
securities (2)
2 Bought outright--
System account (3) 563,520 564,317 566,822 568,702
3 Held under repurchase
agreements 0 0 0 0
Federal agency
obligations
4 Bought outright 10 10 10 10
5 Held under repurchase
agreements 0 0 0 0
6 Repurchase agreements--
triparty (4) 29,500 25,500 35,749 31,999
7 Acceptances 0 0 0 0
Loans to depository
institutions
8 Adjustment credit 5 2 1 10
9 Seasonal credit 25 19 14 12
10 Special Liquidity
Facility credit 0 0 0 0
11 Extended credit 0 0 0 0
12 Float 398 -497 2,244 -1,341
13 Other Federal Reserve
assets 38,309 38,901 35,517 35,954
14 Gold stock 11,044 11,044 11,044 11,044
15 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
16 Treasury currency
outstanding 33,087 33,101 33,115 33,129
ABSORBING RESERVE FUNDS
17 Currency in circulation 633,954 637,018 639,397 638,493
18 Reverse repurchase
agreements--triparty (4) 0 0 0 0
19 Treasury cash holdings 408 407 409 414
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 5,376 4,108 4,946 4,908
21 Foreign 594 356 81 79
22 Service-related balances
and adjustments 9,017 9,376 9,445 9,061
23 Other 253 212 241 212
24 Other Federal Reserve
liabilities and capital 17,460 17,602 17,501 17,654
25 Reserve balances with
Federal Reserve Banks
(5) 11,036 5,519 14,695 10,898
(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.
Domestic Financial Statistics [] May 2002
1.12 RESERVES AND BORROWINGS Depository Institutions (1)
Millions of dollars
Prorated monthly averages of
biweekly averages
1999 2000 2001 2001
Reserve classification Dec. Dec. Dec. Aug.
1 Reserve balances with
Reserve Banks (2) 5,262 7,022 9,059 7,578
2 Total vault cash (3) 60,620 (r) 45,245 43,918 44,007
3 Applied vault
cash (4) 36,392 31,451 31,896 32,090
4 Surplus vault
cash (5) 24,228 (r) 13,794 12,023 11,917
5 Total reserves (6) 41,654 38,473 40,995 39,668
6 Required reserves 40,357 37,046 39,315 38,459
7 Excess reserve
balances at
Reserve Banks (7) 1,297 1,427 1,641 1,209
8 Total borrowing at
Reserve Banks 320 210 67 183
9 Adjustment 179 99 34 19
10 Seasonal 67 111 33 164
11 Special Liquidity
Facility (8) 74 0 ... ...
12 Extended credit 0 0 0 0
Prorated monthly averages of
biweekly averages
2001
Reserve classification Sept. Oct. Nov. Dec.
1 Reserve balances with
Reserve Banks (2) 25,633 12,552 8,944 9,059
2 Total vault cash (3) 43,436 45,021 43,065 43,918
3 Applied vault
cash (4) 31,934 32,509 31,214 31,896
4 Surplus vault
cash (5) 11,502 12,512 11,851 12,023
5 Total reserves (6) 57,567 45,061 40,158 40,955
6 Required reserves 38,549 43,739 38,672 39,315
7 Excess reserve
balances at
Reserve Banks (7) 19,019 1,321 1,487 1,641
8 Total borrowing at
Reserve Banks 3,385 127 84 67
9 Adjustment 3,292 60 51 34
10 Seasonal 93 67 33 33
11 Special Liquidity
Facility (8) ... ... ... ...
12 Extended credit 0 0 0 0
Biweekly averages
of daily figures
Prorated monthly for two-week
averages of periods ending on
biweekly averages dates indicated
2002 2001
Reserve classification Jan. Feb. Oct. 31 Nov. 14
1 Reserve balances with
Reserve Banks (2) 10,009 (r) 9,277 11,863 8,314
2 Total vault cash (3) 45,731 45,699 44,469 43,504
3 Applied vault
cash (4) 33,465 33,115 32,390 30,969
4 Surplus vault
cash (5) 12,266 12,584 12,079 12,535
5 Total reserves (6) 43,474 (r) 42,392 44,253 39,283
6 Required reserves 42,069 (r) 41,018 42,913 37,741
7 Excess reserve
balances at
Reserve Banks (7) 1,405 1,374 1,340 1,542
8 Total borrowing at
Reserve Banks 50 30 69 119
9 Adjustment 33 12 10 84
10 Seasonal 17 17 59 35
11 Special Liquidity
Facility (8) ... ... ... ...
12 Extended credit 0 0 0 0
Biweekly averages of daily
figures for two-week periods
ending on dates indicated
2001 2002
Reserve classification Nov. 28 Dec. 12 Dec. 26 Jan. 9
1 Reserve balances with
Reserve Banks (2) 9,626 8,587 9,219 9,747
2 Total vault cash (3) 42,766 42,081 45,197 44,748
3 Applied vault
cash (4) 31,528 30,727 32,659 32,566
4 Surplus vault
cash (5) 11,238 11,355 12,539 12,182
5 Total reserves (6) 41,154 39,314 41,878 42,313
6 Required reserves 39,707 37,938 40,018 40,651
7 Excess reserve
balances at
Reserve Banks (7) 1,447 1,375 1,860 1,662
8 Total borrowing at
Reserve Banks 53 60 60 105
9 Adjustment 22 26 24 83
10 Seasonal 32 34 36 22
11 Special Liquidity
Facility (8) ... ... ... ...
12 Extended credit 0 0 0 0
Biweekly averages of daily
figures for two-week periods
ending on dates indicated
2002
Reserve classification Jan. 23 Feb. 6 Feb. 20 Mar. 6
1 Reserve balances with
Reserve Banks (2) 10,646 9,191 (r) 8,984 9,855
2 Total vault cash (3) 43,724 50,352 45,422 42,696
3 Applied vault
cash (4) 32,569 (r) 36,044 32,615 31,794
4 Surplus vault
cash (5) 11,155 (r) 14,308 12,807 10,901
5 Total reserves (6) 43,215 (r) 45,235 (r) 41,599 41,649
6 Required reserves 41,971 (r) 43,837 (r) 40,184 40,365
7 Excess reserve
balances at
Reserve Banks (7) 1,243 (r) 1,398 (r) 1,415 1,284
8 Total borrowing at
Reserve Banks 28 26 37 22
9 Adjustment 15 8 17 9
10 Seasonal 14 18 20 13
11 Special Liquidity
Facility (8) ... ... ... ...
12 Extended credit 0 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 4/12/02 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 4/12/02 Effective date Previous rate
Boston 1.85 3/21/02 1.80
New York 1.85 3/21/02 1.80
Philadelphia 1.85 3/21/02 1.80
Cleveland 1.85 3/21/02 1.80
Richmond 1.85 3/21/02 1.80
Atlanta 1.85 3/21/02 1.80
Chicago 1.85 3/21/02 1.80
St. Louis 1.85 3/21/02 1.80
Minneapolis 1.85 3/21/02 1.80
Kansas City 1.85 3/21/02 1.80
Dallas 1.85 3/21/02 1.80
San Francisco 1.85 3/21/02 1.80
Current and previous levels
Extended credit (3)
Federal Reserve On
Bank 4/12/02 Effective date Previous rate
Boston 2.35 3/21/02 2.30
New York 2.35 3/21/02 2.30
Philadelphia 2.35 3/21/02 2.30
Cleveland 2.35 3/21/02 2.30
Richmond 2.35 3/21/02 2.30
Atlanta 2.35 3/21/02 2.30
Chicago 2.35 3/21/02 2.30
St. Louis 2.35 3/21/02 2.30
Minneapolis 2.35 3/21/02 2.30
Kansas City 2.35 3/21/02 2.30
Dallas 2.35 3/21/02 2.30
San Francisco 2.35 3/21/02 2.30
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 Apr. 12, 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 involve only a particular institution,
or to meet the needs of institutions experiencing difficulties
adjusting to changing market conditions over a longer period
(particularly at times of deposit disintermediation). The discount
rate applicable to adjustment credit ordinarily is charged on
extended-credit loans outstanding less than thirty days; however, at
the discretion of the Federal Reserve Bank, this time period may be
shortened. Beyond this initial period, a flexible rate somewhat above
rates charged on market sources of funds is charged. The rate
ordinarily is reestablished on the first business day of each
two-week reserve maintenance period, but it is never less than the
discount rate applicable to adjustment credit plus 50 basis
points.
(4.) 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).
Domestic Financial Statistics [] May 2002
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).
Policy Instruments
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 July Aug. Sept.
U.S. TREASURY SECURITIES (2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 718 2,899 348
2 Gross sales 0 0 0
3 Exchanges 42,001 55,231 42,268
4 For new bills 42,001 55,231 42,268
5 Redemptions 0 0 1,543
Others within one year
6 Gross purchases 235 1,385 0
7 Gross sales 0 0 0
8 Maturity shifts 7,088 9,379 0
9 Exchanges -7,667 -6,873 0
10 Redemptions 4,668 1,055 0
One to five years
11 Gross purchases 4,193 810 851
12 Gross sales 0 0 0
13 Maturity shifts 1,838 -9,379 0
14 Exchanges 7,667 5,290 0
Five to ten years
15 Gross purchases 756 935 0
16 Gross sales 0 0 0
17 Maturity shifts -8,926 1,043 0
18 Exchanges 0 1,043 0
More than ten years
19 Gross purchases 815 720 0
20 Gross sales 0 0 0
21 Maturity shifts 0 -1,043 0
22 Exchanges 0 540 0
All maturities
23 Gross purchases 6,716 6,749 1,199
24 Gross sales 0 0 0
25 Redemptions 4,668 1,055 1,543
Matched transactions
26 Gross purchases 392,721 406,143 508,129
27 Gross sales 394,381 405,627 515,429
Repurchase agreements
28 Gross purchases 0 0 0
29 Gross sales 0 0 0
30 Net change in U.S. Treasury
securities 388 6,211 -7,645
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 106,355 105,000 406,930
40 Gross sales 103,255 101,595 388,805
41 Net change in triparty
obligations 3,100 3,405 18,125
42 Total net change in System
Open Market Account 3,488 9,616 10,480
2001 2002
Type of transaction
and maturity Oct. Nov. Dec. Jan.
U.S. TREASURY SECURITIES (2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 772 3,075 812 2,772
2 Gross sales 0 0 0 0
3 Exchanges 44,132 59,292 43,771 55,521
4 For new bills 44,132 59,292 43,771 55,521
5 Redemptions 0 0 0 0
Others within one year
6 Gross purchases 1,411 1,408 2,942 0
7 Gross sales 0 0 0 0
8 Maturity shifts 6,535 5,873 5,235 0
9 Exchanges -11,809 -9,559 -6,666 0
10 Redemptions 473 0 0 0
One to five years
11 Gross purchases 22 1,920 634 2,872
12 Gross sales 0 0 0 0
13 Maturity shifts -2,164 -3,073 -5,235 0
14 Exchanges 11,809 7,967 6,666 0
Five to ten years
15 Gross purchases 422 459 101 0
16 Gross sales 0 0 0 0
17 Maturity shifts -4,372 -1,824 0 0
18 Exchanges 0 1,592 0 0
More than ten years
19 Gross purchases 1,184 0 448 582
20 Gross sales 0 0 0 0
21 Maturity shifts 0 -975 0 0
22 Exchanges 0 0 0 0
All maturities
23 Gross purchases 3,811 6,862 4,937 6,226
24 Gross sales 0 0 0 0
25 Redemptions 473 0 0 0
Matched transactions
26 Gross purchases 431,887 377,247 387,033 407,791
27 Gross sales 425,110 378,129 390,617 404,296
Repurchase agreements
28 Gross purchases 0 0 0 0
29 Gross sales 0 0 0 0
30 Net change in U.S. Treasury
securities 10,114 5,980 1,354 9,720
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 110,885 121,530 117,650 118,550
40 Gross sales 113,715 130,080 103,900 131,300
41 Net change in triparty
obligations -2,830 -8,550 13,750 -12,750
42 Total net change in System
Open Market Account 7,284 -2,570 15,104 -3,030
(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.
Domestic Financial Statistics [] May 2002
1.18 FEDERAL RESERVE BANKS Condition and Federal Reserve Note
Statements (1)
Millions of dollars
Wednesday
2002
Account Jan. 30 Feb. 6 Feb. 13 Feb. 20
Consolidated condition statement
ASSETS
1 Gold certificate account 11,045 11,044 11,044 11,044
2 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
3 Coin 1,151 1,162 1,169 1,149
Loans
4 To depository institutions 25 30 21 15
5 Other 0 0 0 0
6 Acceptances held under
repurchase agreements 0 0 0 0
Triparty obligations
7 Repurchase agreements--
triparty (2) 32,250 29,500 25,500 35,749
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) 562,933 563,520 564,317 566,822
11 Bought outright (4) 562,933 563,520 564,317 566,822
12 Bills 189,897 189,785 189,130 189,632
13 Notes 268,568 269,172 270,629 273,665
14 Bonds 104,468 104,563 104,558 103,524
15 Held under repurchase
agreements 0 0 0 0
16 Total loans and securities 595,219 593,061 589,848 602,596
17 Items in process of
collection 9,685 9,584 7,034 13,987
18 Bank premises 1,509 1,510 1,511 1,511
Other assets
19 Denominated in foreign
currencies (5) 14,274 14,269 14,330 14,286
20 All other (6) 22,586 22,544 23,029 19,711
21 Total assets 657,669 655,374 650,167 666,485
LIABILITIES
22 Federal Reserve notes 599,636 602,438 605,493 607,842
23 Reverse repurchase
agreements--triparty (2) 0 0 0 0
24 Total deposits 32,594 26,979 19,680 29,856
25 Depository institutions 18,592 20,757 15,004 24,588
26 U.S. Treasury--General
account 13,340 5,376 4,108 4,946
27 Foreign--Official accounts 434 594 356 81
28 Other 228 253 212 241
29 Deferred credit items 8,012 8,496 7,392 11,287
30 Other liabilities and
accrued dividends (7) 2,322 2,300 2,338 2,336
31 Total liabilities 642,563 640,214 634,903 651,319
CAPITAL ACCOUNTS
32 Capital paid in 7,433 7,437 7,442 7,440
33 Surplus 7,271 7,269 7,270 7,269
34 Other capital accounts 402 454 552 457
35 Total liabilities and
capital accounts 657,669 655,374 650,167 666,485
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) 750,240 750,175 750,407 751,211
38 LESS: Held by Federal
Reserve Banks 150,604 147,737 144,913 143,369
39 Federal Reserve notes, net 599,636 602,438 605,493 607,842
Collateral held against
notes, net
40 Gold certificate account 11,045 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 2,422 0
43 U.S. Treasury and agency
securities 586,391 589,194 589,827 594,597
44 Total collateral 599,636 602,438 605,493 607,842
Wed-
nesday End of month
2002 2001 2002
Account Feb. 27 Dec. Jan. Feb.
Consolidated condition statement
ASSETS
1 Gold certificate account 11,044 11,045 11,045 11,044
2 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
3 Coin 1,125 1,047 1,166 1,132
Loans
4 To depository institutions 22 34 19 68
5 Other 0 0 0 0
6 Acceptances held under
repurchase agreements 0 0 0 0
Triparty obligations
7 Repurchase agreements--
triparty (2) 31,999 50,250 37,500 34,499
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) 568,702 551,675 561,376 567,634
11 Bought outright (4) 568,702 551,675 561,376 567,634
12 Bills 190,295 182,074 188,341 189,229
13 Notes 274,269 265,941 268,568 274,268
14 Bonds 104,138 103,660 104,467 104,137
15 Held under repurchase
agreements 0 0 0 0
16 Total loans and securities 600,733 601,969 598,905 602,211
17 Items in process of
collection 7,037 3,188 11,046 5,270
18 Bank premises 1,509 1,512 1,509 1,509
Other assets
19 Denominated in foreign
currencies (5) 14,193 14,559 14,165 14,242
20 All other (6) 20,262 20,814 22,070 19,653
21 Total assets 658,103 656,334 662,105 657,262
LIABILITIES
22 Federal Reserve notes 606,904 611,757 599,252 606,322
23 Reverse repurchase
agreements--triparty (2) 0 0 0 0
24 Total deposits 26,014 25,004 38,695 26,965
25 Depository institutions 20,815 17,478 24,559 20,869
26 U.S. Treasury--General
account 4,908 6,645 13,688 5,752
27 Foreign--Official accounts 79 61 162 89
28 Other 212 820 286 254
29 Deferred credit items 7,531 2,490 6,773 6,183
30 Other liabilities and
accrued dividends (7) 2,361 2,399 2,363 2,420
31 Total liabilities 642,810 641,650 647,084 641,890
CAPITAL ACCOUNTS
32 Capital paid in 7,635 7,373 7,433 7,636
33 Surplus 7,266 7,311 7,250 7,266
34 Other capital accounts 392 0 338 469
35 Total liabilities and
capital accounts 658,103 656,334 662,105 657,262
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) 750,901 751,540 750,502 750,608
38 LESS: Held by Federal
Reserve Banks 143,997 139,783 151,250 144,285
39 Federal Reserve notes, net 606,904 611,757 599,252 606,322
Collateral held against
notes, net
40 Gold certificate account 11,044 11,045 11,045 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 593,659 598,512 586,007 593,078
44 Total collateral 606,904 611,757 599,252 606,322
(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.
Federal Reserve Banks
1.19 FEDERAL RESERVE BANKS Maturity Distribution of Loan and Security
Holding
Millions of dollars
Wednesday
2002
Type of holding and maturity Jan. 30 Feb. 6 Feb. 13 Feb. 20
1 Total loans 25 30 21 15
2 Within fifteen days (1) 25 18 16 15
3 Sixteen days to ninety days 1 13 4 0
4 91 days to 1 year 0 0 0 0
5 Total U.S. Treasury
securities (2) 562,933 563,520 564,317 566,822
6 Within fifteen days (1) 24,757 21,530 31,101 29,453
7 Sixteen days to ninety days 122,892 120,531 112,412 115,927
8 Ninety-one days to one year 126,032 131,590 130,946 133,146
9 One year to five years 157,732 158,021 158,020 156,384
10 Five years to ten years 51,627 51,958 51,954 51,450
11 More than ten years 79,894 79,890 79,885 80,462
12 Total federal agency
obligations 10 10 10 10
13 Within fifteen days (1) 0 0 0 0
14 Sixteen days to ninety days 0 0 0 0
15 Ninety-one days to one year 0 0 0 0
16 One year to five years 10 10 10 10
17 Five years to ten years 0 0 0 0
18 More than ten years 0 0 0 0
Wed-
nesday End of month
2002 2001 2002
Type of holding and maturity Feb. 27 Dec. Jan. Feb.
1 Total loans 22 34 19 68
2 Within fifteen days (1) 22 33 17 64
3 Sixteen days to ninety days 0 1 2 4
4 91 days to 1 year 0 0 0 0
5 Total U.S. Treasury
securities (2) 568,702 551,675 561,376 567,634
6 Within fifteen days (1) 28,483 10,685 7,322 4,223
7 Sixteen days to ninety days 117,816 124,547 122,862 121,710
8 Ninety-one days to one year 132,889 130,627 142,024 152,122
9 One year to five years 157,109 153,158 157,648 157,174
10 Five years to ten years 51,446 53,338 51,627 51,446
11 More than ten years 80,959 79,320 79,894 80,958
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.
Domestic Financial Statistics [] May 2002
1.20 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY
BASE (1)
Billions of dollars, averages of daily figures
2001
1998 1999 2000 Dec.
Item Dec. Dec. Dec. (r)
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (2)
1 Total reserves (3) 45.14 (r) 41.82 (r) 38.54 (r) 41.10
2 Nonborrowed reserves
(4) 45.02 (r) 41.50 (r) 38.33 (r) 41.03
3 Nonborrowed reserves
plus extended
credit (5) 45.02 (r) 41.50 (r) 38.33 (r) 41.03
4 Required reserves 43.62 (r) 40.53 (r) 37.11 (r) 39.46
5 Monetary base (6) 513.55 (r) 593.12 (r) 584.04 (r) 634.55
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) 518.27 600.72 590.06 640.06
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) 525.06 608.02 596.98 648.89
16 Excess reserves (13) 1.51 1.30 1.43 1.64
17 Borrowings from the
Federal Reserve .12 .32 .21 .07
2001
July Aug. Sept. Oct.
Item (r) (r) (r) (r)
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (2)
1 Total reserves (3) 39.79 40.08 58.21 45.66
2 Nonborrowed reserves
(4) 39.50 39.90 54.83 45.53
3 Nonborrowed reserves
plus extended
credit (5) 39.50 39.90 54.83 45.53
4 Required reserves 38.38 38.87 39.20 44.33
5 Monetary base (6) 608.11 616.03 639.72 630.51
Not seasonally adjusted
6 Total reserves (7) 39.42 39.76 57.68 45.19
7 Nonborrowed reserves 39.14 39.58 54.29 45.06
8 Nonborrowed reserves
plus extended
credit (5) 39.14 39.58 54.29 45.06
9 Required reserves
(8) 38.01 38.55 38.66 43.87
10 Monetary base (9) 608.24 614.55 638.00 628.34
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (10)
11 Total reserves (11) 39.34 39.67 57.57 45.06
12 Nonborrowed reserves 39.05 39.48 54.18 44.93
13 Nonborrowed reserves
plus extended
credit (5) 39.05 39.48 54.18 44.93
14 Required reserves 37.93 38.46 38.55 43.74
15 Monetary base (12) 615.58 622.04 645.75 636.45
16 Excess reserves (13) 1.41 1.21 19.02 1.32
17 Borrowings from the
Federal Reserve .28 .18 3.39 .13
2001 2002
Nov. Dec. Jan.
Item (r) (r) (r) Feb
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (2)
1 Total reserves (3) 40.90 41.10 41.51 41.36
2 Nonborrowed reserves
(4) 40.82 41.03 41.46 41.33
3 Nonborrowed reserves
plus extended
credit (5) 40.82 41.03 41.46 41.33
4 Required reserves 39.42 39.46 40.11 39.98
5 Monetary base (6) 629.60 634.55 640.88 646.02
Not seasonally adjusted
6 Total reserves (7) 40.29 41.07 43.46 42.37
7 Nonborrowed reserves 40.20 41.01 43.41 42.34
8 Nonborrowed reserves
plus extended
credit (5) 40.20 41.01 43.41 42.34
9 Required reserves
(8) 38.80 39.43 42.06 41.00
10 Monetary base (9) 629.90 640.06 644.30 645.51
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (10)
11 Total reserves (11) 40.16 40.96 43.47 42.39
12 Nonborrowed reserves 40.07 40.89 43.42 42.36
13 Nonborrowed reserves
plus extended
credit (5) 40.07 40.89 43.42 42.36
14 Required reserves 38.67 39.32 42.07 41.02
15 Monetary base (12) 637.87 648.89 653.31 654.73
16 Excess reserves (13) 1.49 1.64 1.41 1.37
17 Borrowings from the
Federal Reserve .08 .07 .05 .03
(1.) Latest monthly and biweekly figures are available from the Board's
H.3 (502) weekly statistical release. Historical data starting in 1959
and estimates of the effect on required reserves of changes in reserve
requirements are available from the Money and Reserves Projections
Section, Division of Monetary Affairs, Board of Governors of the
Federal Reserve System, Washington, DC 20551.
(2.) Figures reflect adjustments for discontinuities, or "breaks,"
associated with regulatory changes in reserve requirements. (See also
table 1.10.)
(3.) Seasonally adjusted, break-adjusted total reserves equal
seasonally adjusted, break-adjusted required reserves (line 4) plus
excess reserves (line 16).
(4.) Seasonally adjusted, break-adjusted nonborrowed reserves equal
seasonally adjusted, break-adjusted total reserves (line 1) less total
borrowings of depository institutions from the Federal Reserve (line
17).
(5.) Extended credit consists of borrowing at the discount window under
the terms and conditions established for the extended credit program to
help depository institutions deal with sustained liquidity pressures.
Because there is not the same need to repay such borrowing promptly as
with traditional short-term adjustment credit, the money market effect
of extended credit is similar to that of nonborrowed reserves.
(6.) The seasonally adjusted, break-adjusted monetary base consists of
(1) seasonally adjusted, break-adjusted total reserves (line 1), plus
(2) the seasonally adjusted currency component of the money stock, plus
(3) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly
reporters whose vault cash exceeds their required reserves) the
seasonally adjusted, break-adjusted difference between current vault
cash and the amount applied to satisfy current reserve requirements.
(7.) Break-adjusted total reserves equal break-adjusted required
reserves (line 9) plus excess reserves (line 16).
(8.) To adjust required reserves for discontinuities that are due to
regulatory changes in reserve requirements, a multiplicative procedure
is used to estimate what required reserves would have been in past
periods had current reserve requirements been in effect. Break-adjusted
required reserves include required reserves against transactions
deposits and nonpersonal time and savings deposits (but not reservable
nondeposit liabilities).
(9.) The break-adjusted monetary base equals (1) break-adjusted total
reserves (line 6), plus (2) the (unadjusted) currency component of the
money stock, plus (3) (for all quarterly reporters on the "Report of
Transaction Accounts, Other Deposits and Vault Cash" and for all those
weekly reporters whose vault cash exceeds their required reserves) the
break-adjusted difference between current vault cash and the amount
applied to satisfy current reserve requirements.
(10.) Reflects actual reserve requirements, including those on
nondeposit liabilities, with no adjustments to eliminate the effects of
discontinuities associated with regulatory changes in reserve
requirements.
(11.) Reserve balances with Federal Reserve Banks plus vault cash used
to satisfy reserve requirements.
(12.) The monetary base, not break-adjusted and not seasonally
adjusted, consists of (1) total reserves (line 11), plus (2) required
clearing balances and adjustments to compensate for float at Federal
Reserve Banks, plus (3) the currency component of the money stock, plus
(4) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly
reporters whose vault cash exceeds their required reserves) the
difference between current vault cash and the amount applied to satisfy
current reserve requirements. Since February 1984, currency and vault
cash figures have been measured over the computation periods ending on
Mondays.
(13.) Unadjusted total reserves (line 11) less unadjusted required
reserves (line 14).
Monetary and Credit Aggregates
1.21 MONEY STOCK AND DEBT MEASURES (1)
Billions of dollars, averages of daily figures
1998 1999
Item Dec. Dec.
Seasonally adjusted
Measures (2)
1 M1 1,096.5 1,124.4
2 M2 4,386.3 4,655.0 (r)
3 M3 6,042.1 (r) 6,541.7 (r)
4 Debt 16,277.3 (r) 17,360.8 (r)
M1 components
5 Currency (3) 459.3 516.9
6 Travelers checks (4) 8.2 8.3
7 Demand deposits (5) 378.4 354.5
8 Other checkable deposits (6) 250.5 244.7
Nontransaction components
9 In M2 (7) 3,289.8 (r) 3,530.7
10 In M3 only (8) 1,655.8 (r) 1,886.7 (r)
Commercial banks
11 Savings deposits, including
MMDAs 1,187.5 1,289.1
12 Small time deposits (9) 626.1 635.0
13 Large time deposits
(10),(11) 583.2 (r) 652.0 (r)
Thrift institutions
14 Savings deposits, including
MMDAs 414.7 449.7
15 Small time deposits (9) 325.6 320.4
16 Large time deposits (10) 88.6 91.1
Money market mutual funds
17 Retail 736.0 836.6
18 Institution-only 538.2 633.6
Repurchase agreements and
eurodollars
19 Repurchase agreements (12) 293.4 336.0
20 Eurodollars (12) 152.5 174.0
Debt components
21 Federal debt 3,751.1 3,660.1
22 Nonfederal debt 12,526.3 (r) 13,700.7 (r)
Not seasonally adjusted
Measures (2)
23 M1 1,120.4 1,148.3
24 M2 4,406.4 4,675.8 (r)
25 M3 6,070.9 (r) 6,573.3 (r)
26 Debt 16,264.9 (r) 17,352.9 (r)
M1 components
27 Currency (3) 463.3 521.5
28 Travelers checks (4) 8.4 8.4
29 Demand deposits (5) 395.9 371.8
30 Other checkable deposits (6) 252.8 246.6
Nontransaction components
31 In M2 (7) 3,286.0 3,527.6
32 In M3 only (8) 1,664.5 (r) 1,897.5 (r)
Commercial banks
33 Savings deposits, including
MMDAs 1,186.0 1,288.8
34 Small time deposits (9) 626.5 635.7
35 Large time deposits
(10),(11) 583.5 (r) 652.4 (r)
Thrift institutions
36 Savings deposits, including
MMDAs 414.2 449.6
37 Small time deposits (9) 325.8 320.8 (r)
38 Large time deposits (10) 88.6 91.2
Money market mutual funds
39 Retail 733.5 832.8
40 Institution-only 547.5 643.2
Repurchase agreements and
eurodollars
41 Repurchase agreements (12) 290.4 334.7
42 Eurodollars (12) 154.5 176.0
Debt components
43 Federal debt 3,754.9 3,663.2
44 Nonfederal debt 12,510.0 (r) 13,689.8 (r)
2001
2000 2001
Item Dec. Dec. (r) Nov. (r)
Seasonally adjusted
Measures (2)
1 M1 1,088.9 1,178.3 1,163.8
2 M2 4,942.3 (r) 5,458.9 5,417.0
3 M3 7,116.0 (r) 8,029.6 7,960.4
4 Debt 18,277.9 (r) 19,373.2 19,267.7
M1 components
5 Currency (3) 530.1 580.1 575.1
6 Travelers checks (4) 8.0 7.8 7.8
7 Demand deposits (5) 309.9 329.3 326.2
8 Other checkable deposits (6) 240.9 261.1 254.7
Nontransaction components
9 In M2 (7) 3,853.5 4,280.6 4,253.2
10 In M3 only (8) 2,173.6 (r) 2,570.7 2,543.5
Commercial banks
11 Savings deposits, including
MMDAs 1,423.7 1,746.0 1,713.2
12 Small time deposits (9) 699.1 (r) 638.8 648.9
13 Large time deposits
(10),(11) 717.9 (r) 672.8 668.8
Thrift institutions
14 Savings deposits, including
MMDAs 452.1 561.4 554.9
15 Small time deposits (9) 344.5 333.7 337.4
16 Large time deposits (10) 102.9 113.9 114.6
Money market mutual funds
17 Retail 934.0 1,000.7 998.9
18 Institution-only 792.5 1,197.2 1,171.6
Repurchase agreements and
eurodollars
19 Repurchase agreements (12) 364.0 373.5 372.6
20 Eurodollars (12) 196.4 213.3 215.9
Debt components
21 Federal debt 3,400.4 3,381.4 3,372.8
22 Nonfederal debt 14,877.5 (r) 15,991.8 15,894.8
Not seasonally adjusted
Measures (2)
23 M1 1,112.3 1,202.5 1,164.7
24 M2 4,966.0 5,483.8 5,405.4
25 M3 7,151.1 (r) 8,067.7 7,942.9
26 Debt 18,269.7 (r) 19,361.5 19,229.4
M1 components
27 Currency (3) 535.2 585.0 575.5
28 Travelers checks (4) 8.1 7.9 7.9
29 Demand deposits (5) 326.5 347.0 329.2
30 Other checkable deposits (6) 242.5 262.5 252.1
Nontransaction components
31 In M2 (7) 3,853.7 4,281.3 4,240.7
32 In M3 only (8) 2,185.1 (r) 2,583.9 2,537.5
Commercial banks
33 Savings deposits, including
MMDAs 1,426.9 1,750.4 1,710.3
34 Small time deposits (9) 700.0 639.5 650.7
35 Large time deposits
(10),(11) 718.4 (r) 672.9 670.5
Thrift institutions
36 Savings deposits, including
MMDAs 453.1 562.8 554.0
37 Small time deposits (9) 345.0 334.0 338.3
38 Large time deposits (10) 103.0 113.9 114.9
Money market mutual funds
39 Retail 928.7 994.5 987.5
40 Institution-only 801.4 1,208.3 1,165.2
Repurchase agreements and
eurodollars
41 Repurchase agreements (12) 364.2 374.3 371.9
42 Eurodollars (12) 198.2 214.5 214.9
Debt components
43 Federal debt 3,403.5 3,384.0 3,352.4
44 Nonfederal debt 14,866.2 (r) 15,977.5 15,877.0
2001 2002
Item Dec. (r) Jan. (r) Feb.
Seasonally adjusted
Measures (2)
1 M1 1,178.3 1,181.3 1,182.6
2 M2 5,458.9 5,469.1 5,499.0
3 M3 8,029.6 8,029.7 8,072.0
4 Debt 19,373.2 19,425.5 n.a.
M1 components
5 Currency (3) 580.1 585.8 590.8
6 Travelers checks (4) 7.8 7.8 7.8
7 Demand deposits (5) 329.3 326.5 324.1
8 Other checkable deposits (6) 261.1 261.1 259.9
Nontransaction components
9 In M2 (7) 4,280.6 4,287.8 4,316.4
10 In M3 only (8) 2,570.7 2,560.6 2,572.9
Commercial banks
11 Savings deposits, including
MMDAs 1,746.0 1,773.3 1,805.6
12 Small time deposits (9) 638.8 629.6 621.9
13 Large time deposits
(10),(11) 672.8 692.0 695.8
Thrift institutions
14 Savings deposits, including
MMDAs 561.4 572.7 592.6
15 Small time deposits (9) 333.7 328.2 324.7
16 Large time deposits (10) 113.9 115.0 114.4
Money market mutual funds
17 Retail 1,000.7 984.1 971.6
18 Institution-only 1,197.2 1,167.1 1,166.3
Repurchase agreements and
eurodollars
19 Repurchase agreements (12) 373.5 374.3 377.8
20 Eurodollars (12) 213.3 212.2 218.7
Debt components
21 Federal debt 3,381.4 3,380.1 n.a.
22 Nonfederal debt 15,991.8 16,045.4 n.a.
Not seasonally adjusted
Measures (2)
23 M1 1,202.5 1,184.3 1,169.9
24 M2 5,483.8 5,472.6 5,490.1
25 M3 8,067.7 8,057.1 8,103.0
26 Debt 19,361.5 19,420.0 n.a.
M1 components
27 Currency (3) 585.0 584.4 590.3
28 Travelers checks (4) 7.9 8.0 8.0
29 Demand deposits (5) 347.0 329.0 316.3
30 Other checkable deposits (6) 262.5 262.9 255.4
Nontransaction components
31 In M2 (7) 4,281.3 4,288.3 4,320.2
32 In M3 only (8) 2,583.9 2,584.5 2,612.9
Commercial banks
33 Savings deposits, including
MMDAs 1,750.4 1,766.2 1,795.5
34 Small time deposits (9) 639.5 631.6 623.8
35 Large time deposits
(10),(11) 672.9 684.4 694.1
Thrift institutions
36 Savings deposits, including
MMDAs 562.8 570.4 589.3
37 Small time deposits (9) 334.0 329.3 325.7
38 Large time deposits (10) 113.9 113.8 114.1
Money market mutual funds
39 Retail 994.5 990.8 985.9
40 Institution-only 1,208.3 1,198.8 1,204.2
Repurchase agreements and
eurodollars
41 Repurchase agreements (12) 374.3 374.3 379.4
42 Eurodollars (12) 214.5 213.2 221.1
Debt components
43 Federal debt 3,384.0 3,372.0 n.a.
44 Nonfederal debt 15,977.5 16,048.1 n.a.
NOTES TO TABLE 1.21
(1.) Latest monthly and weekly figures are available from the Board's
H.6 (508) weekly statistical release. Historical data starting in 1959
are available from the Money and Reserves Projections Section, Division
of Monetary Affairs, Board of Governors of the Federal Reserve System,
Washington, DC 20551.
(2.) Composition of the money stock measures and debt is as follows:
M1: (1) currency outside the U.S. Treasury, Federal Reserve Banks, and
the vaults of depository institutions, (2) travelers checks of nonbank
issuers, (3) demand deposits at all commercial banks other than those
owed to depository institutions, the U.S. government, and foreign banks
and official institutions, less cash items in the process of collection
and Federal Reserve float, and (4) other checkable deposits (OCDs),
consisting of negotiable order of withdrawal (NOW) and automatic
transfer service (ATS) accounts at depository institutions, credit
union share draft accounts, and demand deposits at thrift institutions.
Seasonally adjusted M1 is computed by summing currency, travelers
checks, demand deposits, and OCDs, each seasonally adjusted separately.
M2: M1 plus (1) savings deposits (including MMDAs),
(2) small-denomination time deposits (time deposits--including retail
RPs--in amounts of less than $100,000), and (3) balances in retail
money market mutual funds. Excludes individual retirement accounts
(IRAs) and Keogh balances at depository institutions and money market
funds. Seasonally adjusted M2 is calculated by summing savings
deposits, small-denomination time deposits, and retail money fund
balances, each seasonally adjusted separately, and adding this result
to seasonally adjusted M1.
M3: M2 pins (1) large-denomination time deposits (in amounts of
$100,000 or more) issued by all depository institutions, (2) balances
in institutional money funds, (3) RP liabilities (overnight and term)
issued by all depository institutions, and (4) eurodollars (overnight
and term) held by U.S. residents at foreign branches of U.S. banks
worldwide and at all banking offices in the United Kingdom and Canada.
Excludes amounts held by depository institutions, the U.S. government,
money market funds, and foreign banks and official institutions.
Seasonally adjusted M3 is calculated by summing large time deposits,
institutional money fund balances, RP liabilities, and eurodollars,
each seasonally adjusted separately, and adding this result to
seasonally adjusted M2.
Debt: The debt aggregate is the outstanding credit market debt of the
domestic nonfinancial sectors--the federal sector (U.S. government, not
including government-sponsored enterprises or federally related
mortgage pools) and the nonfederal sectors (state and local
governments, households and nonprofit organizations; nonfinancial
corporate and nonfarm noncorporate businesses, and farms). Nonfederal
debt consists of mortgages, tax-exempt and corporate bonds, consumer
credit, bank loans, commercial paper, and other loans. The data, which
are derived from the Federal Reserve Board's flow of funds accounts,
are break-adjusted (that is, discontinuities in the data have been
smoothed into the series) and month-averaged (that is, the data have
been derived by averaging adjacent month-end levels).
(3.) Currency outside the U.S. Treasury, Federal Reserve Banks, and
vaults of depository institutions.
(4.) Outstanding amount of U.S. dollar-denominated travelers checks of
nonbank issuers. Travelers checks issued by depository institutions are
included in demand deposits.
(5.) Demand deposits at commercial banks and foreign-related
institutions other than those owed to depository institutions, the U.S.
government, and foreign banks and official institutions, less cash
items in the process of collection and Federal Reserve float.
(6.) Consists of NOW and ATS account balances at all depository
institutions, credit union share draft account balances, and demand
deposits at thrift institutions.
(7.) Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances.
(8.) Sum of (1) large time deposits, (2) institutional money fund
balances, (3) RP liabilities (overnight and term) issued by depository
institutions, and (4) eurodollars (overnight and term) of U.S.
addresses.
(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
Sept.
Account Feb. Aug. (r)
Seasonally adjusted
Assets
1 Bank credit 5,285.0 5,349.8 (r) 5,425.6
2 Securities in bank credit 1,353.6 1,420.5 (r) 1,440.2
3 U.S. government securities 776.2 768.4 779.2
4 Other securities 577.4 652.0 (r) 661.0
5 Loans and leases in bank
credit (2) 3,931.4 3,929.3 3,985.5
6 Commercial and industrial 1,107.0 1,065.1 1,068.2
7 Real estate 1,677.1 1,716.6 1,724.6
8 Revolving home equity 130.8 139.4 142.1
9 Other 1,546.3 1,577.2 1,582.5
10 Consumer 546.6 548.5 (r) 549.0
11 Security (3) 169.3 171.1 181.7
12 Other loans and leases 431.4 427.9 461.9
13 Interbank loans 265.7 287.9 354.0
14 Cash assets (4) 283.5 283.4 (r) 328.8
15 Other assets (5) 402.4 433.6 (r) 469.7
16 Total assets (6) 6,171.4 6,287.4 (r) 6,510.2
Liabilities
17 Deposits 3,896.6 4,083.8 4,210.1
18 Transaction 607.2 611.1 689.6
19 Nontransaction 3,289.3 3,472.7 3,520.6
20 Large time 939.8 965.1 964.6
21 Other 2,349.5 2,507.7 2,556.0
22 Borrowings 1,251.6 1,233.0 (r) 1,287.7
23 From banks in the U.S. 396.3 404.3 (r) 450.6
24 From others 855.3 828.8 (r) 837.1
25 Net due to related foreign
offices 219.5 192.9 169.5
26 Other liabilities 353.7 347.8 399.4
27 Total liabilities 5,721.4 (r) 5,857.5 (r) 6,066.7
28 Residual (assets less
liabilities) (7) 450.0 429.9 443.5
Not seasonally adjusted
Assets
29 Bank credit 5,280.0 5,332.4 (r) 5,420.0
30 Securities in bank credit 1,355.4 1,413.6 (r) 1,436.4
31 U.S. government securities 778.0 763.8 776.2
32 Other securities 577.4 649.8 (r) 660.2
33 Loans and leases in bank
credit (2) 3,924.6 3,918.7 (r) 3,983.6
34 Commercial and industrial 1,106.3 1,058.9 1,064.9
35 Real estate 1,670.5 1,719.8 1,728.3
36 Revolving home equity 129.7 140.2 143.4
37 Other 1,540.9 1,579.6 1,584.8
38 Consumer 547.3 549.6 551.3
39 Credit cards and related
plans 212.7 218.3 (r) 217.4
40 Other 334.6 331.3 (r) 333.9
41 Security (3) 172.1 162.6 175.5
42 Other loans and leases 428.4 427.8 463.7
43 Interbank loans 267.5 276.6 342.1
44 Cash assets (4) 284.4 271.6 (r) 324.1
45 Other assets (5) 401.5 430.7 (r) 469.6
46 Total assets (6) 6,168.1 6,243.8 (r) 6,487.8
Liabilities
47 Deposits 3,913.6 4,043.1 4,184.6
48 Transaction 599.1 597.2 683.5
49 Nontransaction 3,314.5 3,445.9 3,501.1
50 Large time 951.5 951.5 953.2
51 Other 2,363.0 2,494.4 2,547.9
52 Borrowings 1,255.2 1,211.3 (r) 1,282.1
53 From banks in the U.S. 400.7 395.8 (r) 440.6
54 From others 854.5 815.5 (r) 841.5
55 Net due to related foreign
offices 225.6 192.0 171.4
56 Other liabilities 357.8 347.6 399.8
57 Total liabilities 5,752.2 5,794.1 (r) 6,037.9
58 Residual (assets less
liabilities) (7) 415.9 (r) 449.6 449.9
Monthly averages
2001
Account Oct. (r) Nov. (r) Dec. (r)
Seasonally adjusted
Assets
1 Bank credit 5,400.6 5,427.6 5,405.5
2 Securities in bank credit 1,464.6 1,478.1 1,471.5
3 U.S. government securities 797.8 807.5 823.4
4 Other securities 666.9 670.6 648.1
5 Loans and leases in bank
credit (2) 3,936.0 3,949.4 3,934.0
6 Commercial and industrial 1,048.5 1,037.2 1,022.9
7 Real estate 1,737.9 1,754.0 1,763.9
8 Revolving home equity 147.3 149.5 152.9
9 Other 1,590.6 1,604.5 1,611.0
10 Consumer 551.1 559.3 559.7
11 Security (3) 149.9 150.7 141.3
12 Other loans and leases 448.7 448.3 446.2
13 Interbank loans 303.1 282.4 290.3
14 Cash assets (4) 302.8 294.5 292.1
15 Other assets (5) 487.4 485.8 475.6
16 Total assets (6) 6,424.0 6,419.6 6,391.4
Liabilities
17 Deposits 4,168.4 4,184.5 4,219.7
18 Transaction 638.2 631.1 632.3
19 Nontransaction 3,530.2 3,553.4 3,587.4
20 Large time 977.0 976.9 973.4
21 Other 2,553.2 2,576.5 2,614.0
22 Borrowings 1,265.7 1,237.8 1,233.4
23 From banks in the U.S. 429.4 407.8 411.4
24 From others 836.3 830.0 822.0
25 Net due to related foreign
offices 176.9 161.2 147.6
26 Other liabilities 370.5 406.3 361.0
27 Total liabilities 5,981.4 5,989.8 5,961.6
28 Residual (assets less
liabilities) (7) 442.6 429.8 429.8
Not seasonally adjusted
Assets
29 Bank credit 5,408.6 5,448.2 5,442.2
30 Securities in bank credit 1,462.4 1,482.1 1,477.5
31 U.S. government securities 792.9 807.9 822.8
32 Other securities 669.6 674.1 654.7
33 Loans and leases in bank
credit (2) 3,946.1 3,966.2 3,964.7
34 Commercial and industrial 1,048.0 1,038.3 1,025.3
35 Real estate 1,741.6 1,760.0 1,769.1
36 Revolving home equity 148.5 150.3 153.0
37 Other 1,593.1 1,609.7 1,616.1
38 Consumer 550.8 559.7 565.5
39 Credit cards and related
plans 216.5 225.6 232.3
40 Other 334.3 334.1 333.2
41 Security (3) 156.2 157.3 152.1
42 Other loans and leases 449.5 450.9 452.8
43 Interbank loans 297.1 290.7 300.3
44 Cash assets (4) 303.1 303.2 312.7
45 Other assets (5) 482.9 485.3 482.7
46 Total assets (6) 6,422.0 6,456.7 6,465.6
Liabilities
47 Deposits 4,155.8 4,207.8 4,271.4
48 Transaction 632.3 637.3 662.7
49 Nontransaction 3,523.4 3,570.6 3,608.7
50 Large time 970.8 984.8 989.8
51 Other 2,552.6 2,585.8 2,618.9
52 Borrowings 1,263.1 1,246.0 1,235.5
53 From banks in the U.S. 424.0 408.6 412.9
54 From others 839.1 837.4 822.6
55 Net due to related foreign
offices 177.4 163.1 152.9
56 Other liabilities 370.7 408.8 363.6
57 Total liabilities 5,967.0 6,025.8 6,023.4
58 Residual (assets less
liabilities) (7) 455.1 431.0 442.2
Wednes-
day
Monthly averages figures
2002 2002
Account Jan. (r) Feb. Feb. 6
Seasonally adjusted
Assets
1 Bank credit 5,395.1 5,407.9 5,408.8
2 Securities in bank credit 1,470.2 1,469.6 1,468.5
3 U.S. government securities 809.8 807.9 808.8
4 Other securities 660.4 661.8 659.6
5 Loans and leases in bank
credit (2) 3,924.9 3,938.3 3,940.3
6 Commercial and industrial 1,013.9 1,022.9 1,019.6
7 Real estate 1,762.3 1,770.4 1,773.3
8 Revolving home equity 157.2 161.0 159.6
9 Other 1,605.1 1,609.4 1,613.7
10 Consumer 562.6 563.3 566.4
11 Security (3) 147.6 149.3 147.0
12 Other loans and leases 438.4 432.4 434.0
13 Interbank loans 290.8 274.5 273.1
14 Cash assets (4) 291.5 290.7 293.8
15 Other assets (5) 481.8 484.1 493.2
16 Total assets (6) 6,384.7 6,382.6 6,394.0
Liabilities
17 Deposits 4,241.4 4,241.5 4,247.3
18 Transaction 629.9 621.6 603.3
19 Nontransaction 3,611.5 3,619.9 3,643.9
20 Large time 984.4 994.7 1,001.7
21 Other 2,627.0 2,625.2 2,642.2
22 Borrowings 1,219.7 1,218.4 1,223.9
23 From banks in the U.S. 406.8 402.2 402.9
24 From others 813.0 816.2 821.0
25 Net due to related foreign
offices 128.8 107.3 103.6
26 Other liabilities 347.3 339.5 342.1
27 Total liabilities 5,937.2 5,906.8 5,916.8
28 Residual (assets less
liabilities) (7) 447.5 475.8 477.1
Not seasonally adjusted
Assets
29 Bank credit 5,480.7 5,401.6 5,408.9
30 Securities in bank credit 1,475.7 1,471.2 1,471.9
31 U.S. government securities 812.0 809.4 811.5
32 Other securities 663.7 661.7 660.4
33 Loans and leases in bank
credit (2) 3,932.9 3,930.4 3,937.0
34 Commercial and industrial 1,011.3 1,022.0 1,017.6
35 Real estate 1,760.8 1,763.1 1,768.2
36 Revolving home equity 156.2 159.6 158.2
37 Other 1,604.6 1,603.5 1,609.9
38 Consumer 566.9 564.1 568.3
39 Credit cards and related
plans 229.3 225.3 227.7
40 Other 337.6 338.8 340.6
41 Security (3) 154.3 151.6 151.1
42 Other loans and leases 439.7 429.6 431.8
43 Interbank loans 293.1 276.9 276.6
44 Cash assets (4) 307.3 291.9 286.0
45 Other assets (5) 484.1 483.2 494.5
46 Total assets (6) 6,418.9 6,378.8 6,390.9
Liabilities
47 Deposits 4,259.9 4,263.1 4,266.5
48 Transaction 641.9 613.2 590.0
49 Nontransaction 3,618.0 3,649.9 3,676.6
50 Large time 1,000.1 1,007.9 1,017.4
51 Other 2,617.9 2,641.9 2,659.2
52 Borrowings 1,236.0 1,221.7 1,231.5
53 From banks in the U.S. 412.9 406.7 407.9
54 From others 823.0 815.0 823.6
55 Net due to related foreign
offices 132.8 112.6 108.2
56 Other liabilities 349.4 343.1 344.8
57 Total liabilities 5,978.1 5,940.5 5,951.0
58 Residual (assets less
liabilities) (7) 440.9 438.3 439.9
Wednesday figures
2002
Account Feb. 13 Feb. 20 Feb. 27
Seasonally adjusted
Assets
1 Bank credit 5,403.1 5,412.2 5,410.2
2 Securities in bank credit 1,465.3 1,467.7 1,476.9
3 U.S. government securities 805.5 806.1 810.2
4 Other securities 659.8 661.6 666.7
5 Loans and leases in bank
credit (2) 3,937.8 3,944.6 3,933.3
6 Commercial and industrial 1,019.6 1,027.3 1,025.0
7 Real estate 1,773.8 1,771.2 1,764.5
8 Revolving home equity 160.5 161.4 162.0
9 Other 1,613.3 1,609.8 1,602.5
10 Consumer 558.9 564.3 564.2
11 Security (3) 149.7 150.1 149.8
12 Other loans and leases 435.8 431.6 429.8
13 Interbank loans 275.0 277.9 273.5
14 Cash assets (4) 276.5 302.4 289.5
15 Other assets (5) 497.4 480.9 469.3
16 Total assets (6) 6,377.2 6,399.0 6,368.2
Liabilities
17 Deposits 4,240.3 4,246.2 4,231.5
18 Transaction 610.9 635.8 636.9
19 Nontransaction 3,629.4 3,610.3 3,594.6
20 Large time 995.1 988.6 994.9
21 Other 2,634.3 2,621.8 2,599.7
22 Borrowings 1,219.3 1,216.5 1,218.1
23 From banks in the U.S. 410.9 397.4 398.9
24 From others 808.4 819.1 819.2
25 Net due to related foreign
offices 97.2 119.7 108.0
26 Other liabilities 345.3 334.8 339.8
27 Total liabilities 5,902.0 5,917.2 5,897.4
28 Residual (assets less
liabilities) (7) 475.1 481.8 470.8
Not seasonally adjusted
Assets
29 Bank credit 5,398.8 5,398.1 5,403.2
30 Securities in bank credit 1,465.8 1,468.5 1,477.7
31 U.S. government securities 806.4 806.6 811.8
32 Other securities 659.4 661.9 665.9
33 Loans and leases in bank
credit (2) 3,933.0 3,929.6 3,925.5
34 Commercial and industrial 1,018.7 1,026.0 1,025.2
35 Real estate 1,768.8 1,761.6 1,755.2
36 Revolving home equity 159.3 159.9 160.5
37 Other 1,609.5 1,601.6 1,594.7
38 Consumer 560.4 565.2 564.1
39 Credit cards and related
plans 220.4 226.5 227.3
40 Other 340.0 338.6 336.9
41 Security (3) 152.2 148.5 154.3
42 Other loans and leases 433.0 428.3 426.6
43 Interbank loans 279.0 276.6 275.0
44 Cash assets (4) 273.5 317.9 289.6
45 Other assets (5) 497.7 476.8 468.0
46 Total assets (6) 6,374.0 6,395.0 6,361.4
Liabilities
47 Deposits 4,264.1 4,269.4 4,249.4
48 Transaction 599.5 633.5 629.0
49 Nontransaction 3,664.6 3,635.8 3,620.4
50 Large time 1,010.2 999.4 1,007.2
51 Other 2,654.3 2,636.4 2,613.2
52 Borrowings 1,222.9 1,221.1 1,215.9
53 From banks in the U.S. 415.7 402.3 402.1
54 From others 807.2 818.8 813.8
55 Net due to related foreign
offices 101.7 127.0 112.6
56 Other liabilities 348.1 339.7 344.0
57 Total liabilities 5,936.7 5,957.1 5,922.0
58 Residual (assets less
liabilities) (7) 437.3 437.9 439.5
B. Domestically chartered commercial banks
Billions of dollars
Monthly averages
2001 2001
Sept.
Account Feb. Aug. (r)
Seasonally adjusted
Assets
1 Bank credit 4,670.9 4,750.8 (r) 4,830.5
2 Securities in bank credit 1,148.5 1,196.6 (r) 1,214.9
3 U.S. government securities 713.2 719.3 727.5
4 Other securities 435.3 477.3 (r) 487.4
5 Loans and leases in bank
credit (2) 3,522.4 3,554.1 (r) 3,615.6
6 Commercial and industrial 890.3 860.3 863.3
7 Real estate 1,658.9 1,698.2 1,705.9
8 Revolving home equity 130.8 139.4 142.1
9 Other 1,528.1 1,558.8 1,563.8
10 Consumer 546.6 548.5 (r) 549.0
11 Security (3) 62.9 86.4 102.7
12 Other loans and leases 363.7 360.6 394.6
13 Interbank loans 237.9 267.7 328.0
14 Cash assets (4) 242.2 246.6 284.0
15 Other assets (5) 366.8 403.5 (r) 436.2
16 Total assets (6) 5,452.8 5,601.7 5,811.2
Liabilities
17 Deposits 3,514.2 3,676.8 3,800.7
18 Transaction 596.8 601.5 677.3
19 Nontransaction 2,917.5 3,075.3 3,123.5
20 Large time 570.1 570.1 569.9
21 Other 2,347.3 2,505.2 2,553.5
22 Borrowings 1,013.6 1,022.4 (r) 1,065.9
23 From banks in the U.S. 372.9 383.7 (r) 420.1
24 From others 640.7 638.7 (r) 645.8
25 Net due to related foreign offices 214.7 205.7 188.6
26 Other liabilities 272.5 271.8 321.0
27 Total liabilities 5,015.0 5,176.7 (r) 5,376.2
28 Residual (assets less
liabilities) (7) 437.8 424.9 (r) 435.0
Not seasonally adjusted
Assets
29 Bank credit 4,662.6 4,739.8 (r) 4,826.6
30 Securities in bank credit 1,150.3 1,189.8 (r) 1,211.1
31 U.S. government securities 715.0 714.7 724.5
32 Other securities 435.3 475.1 (r) 486.7
33 Loans and leases in bank
credit (2) 3,512.4 3,550.0 (r) 3,615.5
34 Commercial and industrial 887.4 855.5 860.4
35 Real estate 1,652.3 1,701.4 1,709.5
36 Revolving home equity 129.7 140.2 143.4
37 Other 1,522.7 1,561.2 1,566.1
38 Consumer 547.3 549.6 551.3
39 Credit cards and related
plans 212.7 218.3 (r) 217.4
40 Other 334.6 331.3 (r) 333.9
41 Security (3) 64.7 81.8 97.6
42 Other loans and leases 360.6 361.7 396.6
43 Interbank loans 239.7 256.4 316.1
44 Cash assets (4) 242.9 236.0 280.3
45 Other assets (5) 364.9 400.8 (r) 436.4
46 Total assets (6) 5,445.3 5,565.9 5,791.8
Liabilities
47 Deposits 3,523.0 3,648.0 3,783.2
48 Transaction 588.8 587.7 670.8
49 Nontransaction 2,934.2 3,060.3 3,112.4
50 Large time 573.5 568.3 566.8
51 Other 2,360.7 2,492.0 2,545.6
52 Borrowings 1,017.3 1,000.7 (r) 1,060.3
53 From banks in the U.S. 377.3 375.2 (r) 410.1
54 From others 640.0 625.5 (r) 650.2
55 Net due to related foreign offices 217.4 206.1 188.0
56 Other liabilities 275.1 272.2 320.3
57 Total liabilities 5,032.8 5,126.9 (r) 5,351.8
58 Residual (assets less
liabilities) (7) 412.4 439.0 (r) 440.0
Monthly averages
2001
Account Oct. (r) Nov. (r) Dec. (r)
Seasonally adjusted
Assets
1 Bank credit 4,813.7 4,833.9 4,820.5
2 Securities in bank credit 1,236.4 1,247.5 1,242.7
3 U.S. government securities 741.5 748.1 765.9
4 Other securities 494.9 499.4 476.8
5 Loans and leases in bank
credit (2) 3,577.2 3,586.4 3,577.8
6 Commercial and industrial 848.9 837.5 827.6
7 Real estate 1,719.2 1,735.1 1,744.9
8 Revolving home equity 147.3 149.5 152.9
9 Other 1,571.9 1,585.6 1,592.0
10 Consumer 551.1 559.3 559.7
11 Security (3) 77.6 74.1 67.6
12 Other loans and leases 380.5 380.4 378.0
13 Interbank loans 279.2 257.0 269.2
14 Cash assets (4) 264.3 257.6 255.7
15 Other assets (5) 455.1 451.6 444.7
16 Total assets (6) 5,742.7 5,729.9 5,718.4
Liabilities
17 Deposits 3,746.6 3,756.1 3,784.3
18 Transaction 627.4 620.4 621.2
19 Nontransaction 3,119.2 3,135.7 3,163.0
20 Large time 568.7 561.5 551.4
21 Other 2,550.5 2,574.2 2,611.6
22 Borrowings 1,057.3 1,024.8 1,030.8
23 From banks in the U.S. 405.5 383.6 387.0
24 From others 651.8 641.2 643.8
25 Net due to related foreign offices 194.1 191.9 197.3
26 Other liabilities 296.1 329.4 286.4
27 Total liabilities 5,294.1 5,302.2 5,298.7
28 Residual (assets less
liabilities) (7) 448.7 427.7 419.7
Not seasonally adjusted
Assets
29 Bank credit 4,818.7 4,851.8 4,847.5
30 Securities in bank credit 1,234.2 1,251.5 1,248.7
31 U.S. government securities 736.6 748.5 765.3
32 Other securities 497.6 502.9 483.4
33 Loans and leases in bank
credit (2) 3,584.4 3,600.3 3,598.8
34 Commercial and industrial 848.1 837.8 827.7
35 Real estate 1,722.9 1,741.1 1,750.0
36 Revolving home equity 148.5 150.3 153.0
37 Other 1,574.4 1,590.8 1,597.1
38 Consumer 550.8 559.7 565.5
39 Credit cards and related
plans 216.5 225.6 232.3
40 Other 334.3 334.1 333.2
41 Security (3) 80.8 79.3 73.7
42 Other loans and leases 381.8 382.4 381.9
43 Interbank loans 273.2 265.3 279.3
44 Cash assets (4) 263.9 264.4 273.7
45 Other assets (5) 451.1 451.1 450.3
46 Total assets (6) 5,737.6 5,762.1 5,779.0
Liabilities
47 Deposits 3,741.5 3,776.1 3,822.9
48 Transaction 621.4 626.4 650.9
49 Nontransaction 3,120.0 3,149.8 3,172.0
50 Large time 570.0 566.3 555.5
51 Other 2,550.0 2,583.4 2,616.5
52 Borrowings 1,054.7 1,033.1 1,032.9
53 From banks in the U.S. 400.1 384.4 388.4
54 From others 654.7 648.6 644.5
55 Net due to related foreign offices 194.2 193.8 197.6
56 Other liabilities 296.2 331.7 286.9
57 Total liabilities 5,286.6 5,334.7 5,340.4
58 Residual (assets less
liabilities) (7) 451.0 427.4 438.6
Wednes-
day
Monthly averages figures
2002 2002
Account Jan. (r) Feb. Feb. 6
Seasonally adjusted
Assets
1 Bank credit 4,817.9 4,828.3 4,837.0
2 Securities in bank credit 1,247.6 1,250.4 1,249.7
3 U.S. government securities 756.3 759.1 760.3
4 Other securities 491.3 491.3 489.3
5 Loans and leases in bank
credit (2) 3,570.4 3,577.9 3,587.4
6 Commercial and industrial 821.5 825.8 824.2
7 Real estate 1,743.3 1,751.7 1,754.6
8 Revolving home equity 157.2 161.0 159.6
9 Other 1,586.1 1,590.7 1,595.0
10 Consumer 562.6 563.3 566.4
11 Security (3) 73.1 75.4 77.3
12 Other loans and leases 369.9 361.7 364.8
13 Interbank loans 264.3 253.5 246.7
14 Cash assets (4) 255.2 253.3 256.3
15 Other assets (5) 449.3 452.7 460.4
16 Total assets (6) 5,712.7 5,713.5 5,725.9
Liabilities
17 Deposits 3,787.2 3,784.8 3,781.9
18 Transaction 618.9 610.8 593.0
19 Nontransaction 3,168.3 3,174.0 3,188.9
20 Large time 543.6 551.1 549.0
21 Other 2,624.7 2,622.9 2,639.9
22 Borrowings 1,032.8 1,029.3 1,042.8
23 From banks in the U.S. 384.8 379.5 383.9
24 From others 647.9 649.8 658.9
25 Net due to related foreign offices 186.8 174.5 174.3
26 Other liabilities 271.3 264.8 263.9
27 Total liabilities 5,278.1 5,253.5 5,263.0
28 Residual (assets less
liabilities) (7) 434.6 460.0 462.9
Not seasonally adjusted
Assets
29 Bank credit 4,825.1 4,819.7 4,832.8
30 Securities in bank credit 1,253.1 1,251.9 1,253.1
31 U.S. government securities 758.5 760.7 763.0
32 Other securities 494.6 491.2 490.1
33 Loans and leases in bank
credit (2) 3,572.0 3,567.8 3,579.7
34 Commercial and industrial 817.4 822.9 821.0
35 Real estate 1,741.7 1,744.4 1,749.5
36 Revolving home equity 156.2 159.6 158.2
37 Other 1,585.6 1,584.7 1,591.2
38 Consumer 566.9 564.1 568.3
39 Credit cards and related
plans 229.3 225.3 227.7
40 Other 337.6 338.8 340.6
41 Security (3) 76.0 77.5 78.8
42 Other loans and leases 370.0 358.9 362.1
43 Interbank loans 266.6 255.9 250.2
44 Cash assets (4) 268.6 254.1 247.4
45 Other assets (5) 450.4 450.9 460.4
46 Total assets (6) 5,736.9 5,706.4 5,716.2
Liabilities
47 Deposits 3,793.1 3,796.3 3,789.4
48 Transaction 630.7 602.7 579.8
49 Nontransaction 3,162.4 3,193.6 3,209.6
50 Large time 546.9 554.1 552.8
51 Other 2,615.5 2,639.5 2,656.8
52 Borrowings 1,049.0 1,032.6 1,050.5
53 From banks in the U.S. 391.0 384.0 388.9
54 From others 658.0 648.6 661.5
55 Net due to related foreign offices 187.4 176.6 175.4
56 Other liabilities 272.0 267.1 265.0
57 Total liabilities 5,301.5 5,272.7 5,280.3
58 Residual (assets less
liabilities) (7) 435.5 433.7 435.9
Wednesday figures
2002
Account Feb. 13 Feb. 20 Feb. 27
Seasonally adjusted
Assets
1 Bank credit 4,827.0 4,828.1 4,824.7
2 Securities in bank credit 1,246.7 1,250.5 1,254.4
3 U.S. government securities 756.8 758.6 760.1
4 Other securities 489.9 491.8 494.3
5 Loans and leases in bank
credit (2) 3,580.3 3,577.7 3,570.3
6 Commercial and industrial 825.0 828.5 825.6
7 Real estate 1,755.1 1,752.5 1,745.7
8 Revolving home equity 160.5 161.4 162.0
9 Other 1,594.5 1,591.1 1,583.7
10 Consumer 558.9 564.3 564.2
11 Security (3) 75.7 72.1 76.8
12 Other loans and leases 365.7 360.2 358.1
13 Interbank loans 254.5 259.5 254.9
14 Cash assets (4) 240.4 264.3 251.6
15 Other assets (5) 465.3 450.7 438.2
16 Total assets (6) 5,712.7 5,728.6 5,695.4
Liabilities
17 Deposits 3,781.2 3,794.5 3,779.1
18 Transaction 599.8 625.4 625.8
19 Nontransaction 3,181.3 3,169.1 3,153.3
20 Large time 549.4 549.7 556.0
21 Other 2,631.9 2,619.4 2,597.3
22 Borrowings 1,025.9 1,027.7 1,027.2
23 From banks in the U.S. 381.8 377.7 376.9
24 From others 644.1 650.1 650.3
25 Net due to related foreign offices 175.2 181.0 167.9
26 Other liabilities 269.0 262.4 266.3
27 Total liabilities 5,251.2 5,265.5 5,240.4
28 Residual (assets less
liabilities) (7) 461.4 463.0 454.9
Not seasonally adjusted
Assets
29 Bank credit 4,818.9 4,815.2 4,815.1
30 Securities in bank credit 1,247.2 1,251.3 1,255.2
31 U.S. government securities 757.7 759.2 761.7
32 Other securities 489.5 492.1 493.5
33 Loans and leases in bank
credit (2) 3,571.8 3,564.0 3,559.8
34 Commercial and industrial 821.6 825.1 823.8
35 Real estate 1,750.0 1,742.8 1,736.4
36 Revolving home equity 159.3 159.9 160.5
37 Other 1,590.8 1,582.9 1,575.9
38 Consumer 560.4 565.2 564.1
39 Credit cards and related
plans 220.4 226.5 227.3
40 Other 340.0 338.6 336.9
41 Security (3) 77.1 73.4 80.3
42 Other loans and leases 362.6 357.4 355.2
43 Interbank loans 258.5 258.2 256.4
44 Cash assets (4) 236.5 279.6 252.0
45 Other assets (5) 464.5 446.3 436.2
46 Total assets (6) 5,704.0 5,725.3 5,685.7
Liabilities
47 Deposits 3,794.3 3,809.5 3,786.5
48 Transaction 588.7 623.2 618.3
49 Nontransaction 3,205.6 3,186.3 3,168.3
50 Large time 553.7 552.3 557.5
51 Other 2,651.9 2,634.0 2,610.8
52 Borrowings 1,029.5 1,032.3 1,024.9
53 From banks in the U.S. 386.6 382.6 380.0
54 From others 643.0 649.7 644.9
55 Net due to related foreign offices 176.4 184.2 171.1
56 Other liabilities 270.4 265.6 269.9
57 Total liabilities 5,270.6 5,291.6 5,252.4
58 Residual (assets less
liabilities) (7) 433.3 433.7 433.2
C. Large domestically chartered commercial banks
Billions of dollars
Monthly averages
2001 2001
Aug.
Account Feb. (r) Sept.
Seasonally adjusted
Assets
1 Bank credit 2,598.8 (r) 2,624.0 2,690.9 (r)
2 Securities in bank credit 597.6 (r) 629.5 640.7 (r)
3 U.S. government securities 354.8 359.5 362.6 (r)
4 Trading account 37.5 36.3 37.9
5 Investment account 317.4 (r) 323.3 324.6
6 Other securities 242.8 269.9 278.1 (r)
7 Trading account 129.3 153.1 161.0
8 Investment account 113.5 116.8 117.1 (r)
9 State and local
government 27.6 27.6 27.5
10 Other 85.9 89.2 89.7 (r)
11 Loans and leases in bank
credit (2) 2,001.2 (r) 1,994.5 2,050.2 (r)
12 Commercial and industrial 596.1 (r) 557.3 561.2
13 Bankers acceptances .8 .0 .0
14 Other 595.3 557.3 561.2
15 Real estate 835.6 (r) 846.3 846.1 (r)
16 Revolving home equity 83.7 (r) 87.7 89.4
17 Other 751.9 (r) 758.6 756.7 (r)
18 Consumer 247.5 251.5 253.2
19 Security (3) 55.5 78.1 94.0
20 Federal funds sold to
and repurchase
agreements with
broker-dealers 39.5 63.5 66.2
21 Other 16.0 14.5 27.8
22 State and local government 12.9 14.2 14.4
23 Agricultural 10.3 9.5 9.2
24 Federal funds sold to and
repurchase agreements
with others 26.4 31.9 32.6
25 All other loans 85.8 75.6 109.1
26 Lease-financing
receivables 130.9 130.3 130.2
27 Interbank loans 143.8 150.9 207.3
28 Federal funds sold to and
repurchase agreements with
commercial banks 73.0 80.5 131.5
29 Other 70.8 70.4 75.8
30 Cash assets (4) 139.1 (r) 140.7 174.8
31 Other assets (5) 271.1 283.3 308.8 (r)
32 Total assets (6) 3,114.8 (r) 3,160.7 3,343.7 (r)
Liabilities
33 Deposits 1,693.5 (r) 1,755.1 1,860.5 (r)
34 Transaction 301.0 (r) 304.5 376.2 (r)
35 Nontransaction 1,392.5 (r) 1,450.6 1,484.2 (r)
36 Large time 266.7 (r) 265.0 265.0 (r)
37 Other 1,125.8 (r) 1,185.6 1,219.3 (r)
38 Borrowings 676.2 (r) 678.5 710.6 (r)
39 From banks in the U.S. 216.6 232.2 264.0 (r)
40 From others 459.6 (r) 446.3 446.6 (r)
41 Net due to related foreign
offices 198.0 190.3 178.0
42 Other liabilities 222.1 211.3 258.6
43 Total liabilities 2,789.7 (r) 2,835.2 3,007.7 (r)
44 Residual (assets less
liabilities) (7) 325.1 325.5 336.0 (r)
Not seasonally adjusted
Assets
45 Bank credit 2,601.7 (r) 2,609.8 2,681.4 (r)
46 Securities in bank credit 601.3 623.3 637.1 (r)
47 U.S. government securities 358.5 355.6 359.7
48 Trading account 37.9 35.9 37.7
49 Investment account 320.7 (r) 319.7 322.1 (r)
50 Mortgage-backed
securities 221.8 (r) 241.8 247.3
51 Other 98.9 77.9 74.8
52 One year or less 32.1 20.1 20.1
53 One to five years 37.5 33.8 34.6
54 More than five years 29.4 (r) 24.0 20.1
55 Other securities 242.8 267.7 277.4 (r)
56 Trading account 129.3 151.9 160.5
57 Investment account 113.5 115.8 116.8 (r)
58 State and local
government 27.6 27.3 27.4
59 Other 85.9 88.5 89.4 (r)
60 Loans and leases in bank
credit (2) 2,000.3 (r) 1,986.5 2,044.4 (r)
61 Commercial and industrial 595.0 (r) 554.1 559.8 (r)
62 Bankers acceptances .8 .0 .0
63 Other 594.2 (r) 554.1 559.8 (r)
64 Real estate 832.4 (r) 847.6 848.0 (r)
65 Revolving home equity 82.7 88.7 90.6 (r)
66 Other 451.3 (r) 457.7 454.9 (r)
67 Commercial 298.4 (r) 301.2 302.5 (r)
68 Consumer 249.7 250.3 251.9
69 Credit cards and related
plans 83.1 85.1 84.6
70 Other 166.6 165.1 167.3
71 Security (3) 57.3 73.6 89.1
72 Federal funds sold to
and repurchase
agreements with
broker-dealers 40.8 59.9 62.8
73 Other 16.5 13.7 26.3
74 State and local government 12.9 14.2 14.4
75 Agricultural 10.2 9.6 9.3
76 Federal funds sold to and
repurchase agreements
with others 26.4 31.9 32.6
77 All other loans 84.1 75.7 110.3
78 Lease-financing
receivables 132.3 129.5 128.9
79 Interbank loans 142.7 (r) 145.4 199.5
80 Federal funds sold to and
repurchase agreements
with commercial banks 72.5 (r) 77.6 126.5
81 Other 70.2 67.8 73.0
82 Cash assets (4) 140.9 133.0 170.5
83 Other assets (5) 269.3 280.6 309.0 (r)
84 Total assets (6) 3,116.6 (r) 3,130.4 3,322.1 (r)
Liabilities
85 Deposits 1,701.3 (r) 1,739.2 1,849.3 (r)
86 Transaction 297.9 (r) 293.5 369.8 (r)
87 Nontransaction 1,403.4 (r) 1,445.7 1,479.4 (r)
88 Large time 270.0 (r) 263.2 261.9 (r)
89 Other 1,133.4 (r) 1,182.5 1,217.5
90 Borrowings 679.8 (r) 656.8 705.0 (r)
91 From banks in the U.S. 221.0 223.8 254.0 (r)
92 From nonbanks in the U.S. 458.8 433.0 451.0 (r)
93 Net due to related foreign
offices 200.8 190.6 177.5
94 Other liabilities 224.7 211.7 257.9
95 Total liabilities 2,806.6 (r) 2,798.3 2,989.6 (r)
96 Residual (assets less
liabilities) (7) 310.1 (r) 332.1 332.4 (r)
Monthly averages
2001
Oct. Nov. Dec.
Account (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 2,632.1 2,633.5 2,599.2
2 Securities in bank credit 648.2 652.9 635.8
3 U.S. government securities 363.2 366.0 377.2
4 Trading account 35.8 40.4 34.1
5 Investment account 327.5 325.7 343.1
6 Other securities 285.0 286.8 258.6
7 Trading account 165.8 165.1 128.0
8 Investment account 119.1 121.7 130.6
9 State and local
government 26.8 27.1 26.9
10 Other 92.3 94.6 103.7
11 Loans and leases in bank
credit (2) 1,983.9 1,980.6 1,963.4
12 Commercial and industrial 545.6 535.0 523.8
13 Bankers acceptances .0 .0 .0
14 Other 545.6 535.0 523.8
15 Real estate 843.0 853.1 856.0
16 Revolving home equity 92.3 94.0 95.9
17 Other 750.7 759.1 760.1
18 Consumer 242.8 245.2 245.7
19 Security (3) 69.8 66.3 59.6
20 Federal funds sold to
and repurchase
agreements with
broker-dealers 56.4 52.3 45.6
21 Other 13.4 14.0 14.0
22 State and local government 15.3 15.7 14.9
23 Agricultural 9.2 9.4 9.3
24 Federal funds sold to and
repurchase agreements
with others 28.8 30.6 29.3
25 All other loans 104.3 100.4 94.1
26 Lease-financing
receivables 125.0 125.0 130.5
27 Interbank loans 175.8 152.8 165.8
28 Federal funds sold to and
repurchase agreements with
commercial banks 94.3 90.1 96.3
29 Other 81.5 62.7 69.5
30 Cash assets (4) 155.3 151.2 146.9
31 Other assets (5) 324.2 322.1 311.6
32 Total assets (6) 3,248.0 3,219.9 3,182.0
Liabilities
33 Deposits 1,792.7 1,793.0 1,798.8
34 Transaction 323.6 321.0 321.6
35 Nontransaction 1,469.1 1,472.0 1,477.2
36 Large time 260.8 251.9 247.0
37 Other 1,208.4 1,220.1 1,230.2
38 Borrowings 692.6 658.3 657.6
39 From banks in the U.S. 239.5 217.9 220.5
40 From others 453.1 440.4 437.2
41 Net due to related foreign
offices 184.6 181.7 187.3
42 Other liabilities 231.9 264.1 220.5
43 Total liabilities 2,901.8 2,897.0 2,864.1
44 Residual (assets less
liabilities) (7) 346.2 322.8 317.9
Not seasonally adjusted
Assets
45 Bank credit 2,635.3 (r) 2,650.2 2,621.6
46 Securities in bank credit 648.4 (r) 658.6 642.7
47 U.S. government securities 360.7 368.3 377.5
48 Trading account 35.5 40.6 34.1
49 Investment account 325.2 (r) 327.7 343.4
50 Mortgage-backed
securities 257.9 256.1 269.4
51 Other 67.3 71.5 74.0
52 One year or less 18.3 (r) 27.0 26.5
53 One to five years 31.9 30.3 35.2
54 More than five years 17.1 14.2 12.3
55 Other securities 287.7 (r) 290.4 265.2
56 Trading account 167.4 167.1 131.2
57 Investment account 120.3 (r) 123.2 134.0
58 State and local
government 27.1 27.4 27.6
59 Other 93.2 (r) 95.8 106.4
60 Loans and leases in bank
credit (2) 1,986.9 (r) 1,991.5 1,978.9
61 Commercial and industrial 545.2 536.1 523.1
62 Bankers acceptances .0 .0 .0
63 Other 545.2 536.1 523.1
64 Real estate 845.6 (r) 858.6 861.1
65 Revolving home equity 93.3 (r) 94.5 95.8
66 Other 440.8 451.5 453.7
67 Commercial 311.5 (r) 312.7 311.6
68 Consumer 240.4 243.6 247.7
69 Credit cards and related
plans 74.3 76.5 80.1
70 Other 166.1 167.1 167.6
71 Security (3) 72.9 71.0 65.5
72 Federal funds sold to
and repurchase
agreements with
broker-dealers 58.9 56.0 50.0
73 Other 14.0 15.0 15.4
74 State and local government 15.3 15.7 14.9
75 Agricultural 9.3 9.4 9.3
76 Federal funds sold to and
repurchase agreements
with others 28.8 30.6 29.3
77 All other loans 104.6 101.7 97.1
78 Lease-financing
receivables 124.8 124.8 130.8
79 Interbank loans 168.7 153.8 170.2
80 Federal funds sold to and
repurchase agreements
with commercial banks 90.5 90.7 98.8
81 Other 78.2 63.1 71.3
82 Cash assets (4) 154.2 152.6 158.3
83 Other assets (5) 320.2 (r) 321.6 317.2
84 Total assets (6) 3,239.2 (r) 3,238.3 3,225.8
Liabilities
85 Deposits 1,786.2 (r) 1,800.2 1,817.9
86 Transaction 317.9 (r) 323.4 340.6
87 Nontransaction 1,468.2 (r) 1,476.7 1,477.3
88 Large time 262.1 (r) 256.7 251.1
89 Other 1,206.1 (r) 1,220.0 1,226.2
90 Borrowings 690.0 (r) 666.5 659.8
91 From banks in the U.S. 234.1 (r) 218.8 221.9
92 From nonbanks in the U.S. 455.9 (r) 447.8 437.8
93 Net due to related foreign
offices 184.8 183.5 187.6
94 Other liabilities 231.9 (r) 266.5 221.0
95 Total liabilities 2,892.9 (r) 2,916.7 2,886.3
96 Residual (assets less
liabilities) (7) 346.3 (r) 321.6 339.5
Wednes-
day
Monthly averages figures
2002 2002
Account Jan. Feb. Feb. 6
Seasonally adjusted
Assets
1 Bank credit 2,574.2 (r) 2,579.3 2,588.7
2 Securities in bank credit 636.2 (r) 636.0 635.7
3 U.S. government securities 363.9 360.8 362.9
4 Trading account 32.7 33.8 34.7
5 Investment account 331.2 327.0 328.2
6 Other securities 272.4 (r) 275.2 272.8
7 Trading account 128.2 130.2 127.2
8 Investment account 144.1 (r) 145.0 145.6
9 State and local
government 27.5 28.1 27.9
10 Other 116.6 (r) 116.9 117.7
11 Loans and leases in bank
credit (2) 1,938.0 (r) 1,943.2 1,953.0
12 Commercial and industrial 517.2 519.4 519.0
13 Bankers acceptances .0 .0 n.a.
14 Other 517.2 519.4 519.0
15 Real estate 846.4 (r) 848.5 853.2
16 Revolving home equity 98.8 101.3 100.4
17 Other 747.6 (r) 747.3 752.8
18 Consumer 238.5 245.7 245.4
19 Security (3) 65.4 67.5 69.6
20 Federal funds sold to
and repurchase
agreements with
broker-dealers 52.5 55.1 57.4
21 Other 12.8 12.4 12.2
22 State and local government 14.6 14.6 14.5
23 Agricultural 9.4 9.5 9.3
24 Federal funds sold to and
repurchase agreements
with others 27.9 24.0 25.2
25 All other loans 85.6 81.4 83.6
26 Lease-financing
receivables 132.9 132.7 133.1
27 Interbank loans 165.9 151.9 150.5
28 Federal funds sold to and
repurchase agreements with
commercial banks 90.7 (r) 79.0 75.3
29 Other 75.2 72.9 75.2
30 Cash assets (4) 144.2 (r) 141.8 144.0
31 Other assets (5) 313.9 (r) 310.1 318.8
32 Total assets (6) 3,154.9 (r) 3,139.2 3,157.9
Liabilities
33 Deposits 1,788.6 (r) 1,786.7 1,787.0
34 Transaction 315.1 (r) 307.5 299.8
35 Nontransaction 1,473.5 (r) 1,479.2 1,487.2
36 Large time 241.1 (r) 248.5 246.2
37 Other 1,232.5 (r) 1,230.6 1,241.1
38 Borrowings 652.3 655.2 668.2
39 From banks in the U.S. 213.9 (r) 210.5 216.2
40 From others 438.4 (r) 444.7 452.0
41 Net due to related foreign
offices 177.9 163.6 164.5
42 Other liabilities 201.2 193.1 191.8
43 Total liabilities 2,820.1 (r) 2,798.6 2,811.6
44 Residual (assets less
liabilities) (7) 334.8 (r) 340.5 346.3
Not seasonally adjusted
Assets
45 Bank credit 2,585.7 2,582.1 2,594.4
46 Securities in bank credit 642.4 639.6 640.9
47 U.S. government securities 366.8 364.5 367.3
48 Trading account 32.9 34.1 35.1
49 Investment account 333.8 330.3 332.2
50 Mortgage-backed
securities 259.7 245.9 251.9
51 Other 74.1 84.4 80.3
52 One year or less 24.7 30.0 26.5
53 One to five years 36.6 42.9 42.2
54 More than five years 12.8 11.6 11.6
55 Other securities 275.6 275.2 273.6
56 Trading account 129.8 130.2 127.5
57 Investment account 145.9 145.0 146.0
58 State and local
government 27.8 28.1 28.0
59 Other 118.1 116.9 118.0
60 Loans and leases in bank
credit (2) 1,943.3 1,942.5 1,953.5
61 Commercial and industrial 514.1 518.4 517.6
62 Bankers acceptances .0 .0 n.a.
63 Other 514.1 518.4 517.6
64 Real estate 846.5 844.7 851.4
65 Revolving home equity 97.8 100.0 99.1
66 Other 440.0 436.0 443.6
67 Commercial 308.7 308.6 308.6
68 Consumer 241.9 248.0 248.3
69 Credit cards and related
plans 71.5 76.6 76.4
70 Other 170.4 171.4 171.8
71 Security (3) 68.4 69.6 71.0
72 Federal funds sold to
and repurchase
agreements with
broker-dealers 54.9 56.8 58.5
73 Other 13.4 12.8 12.5
74 State and local government 14.6 14.6 14.5
75 Agricultural 9.5 9.4 9.3
76 Federal funds sold to and
repurchase agreements
with others 27.9 24.0 25.2
77 All other loans 85.5 79.8 81.5
78 Lease-financing
receivables 134.9 134.1 134.7
79 Interbank loans 167.5 151.1 149.1
80 Federal funds sold to and
repurchase agreements
with commercial banks 91.6 78.6 74.6
81 Other 75.9 72.5 74.5
82 Cash assets (4) 154.4 143.9 139.3
83 Other assets (5) 314.9 308.3 318.8
84 Total assets (6) 3,179.6 3,141.5 3,157.3
Liabilities
85 Deposits 1,794.8 1,795.2 1,791.6
86 Transaction 324.3 304.4 291.4
87 Nontransaction 1,470.5 1,490.8 1,500.2
88 Large time 244.3 251.5 249.9
89 Other 1,226.1 1,239.3 1,250.2
90 Borrowings 668.5 658.5 675.8
91 From banks in the U.S. 220.1 215.0 221.2
92 From nonbanks in the U.S. 448.4 443.4 454.6
93 Net due to related foreign
offices 178.5 165.8 165.6
94 Other liabilities 201.9 195.4 193.0
95 Total liabilities 2,843.7 2,814.9 2,826.0
96 Residual (assets less
liabilities) (7) 335.9 326.6 331.4
Wednesday figures
2002
Account Feb. 13 Feb. 20 Feb. 27
Seasonally adjusted
Assets
1 Bank credit 2,582.2 2,574.2 2,576.1
2 Securities in bank credit 630.9 635.6 641.9
3 U.S. government securities 358.2 360.1 362.3
4 Trading account 34.1 34.7 31.9
5 Investment account 324.0 325.4 330.3
6 Other securities 272.7 275.4 279.6
7 Trading account 126.7 130.1 136.3
8 Investment account 146.0 145.3 143.3
9 State and local
government 28.1 28.1 28.3
10 Other 118.0 117.2 115.0
11 Loans and leases in bank
credit (2) 1,951.3 1,938.6 1,934.2
12 Commercial and industrial 519.0 520.9 518.9
13 Bankers acceptances n.a. n.a. n.a.
14 Other 519.0 520.9 518.9
15 Real estate 853.1 847.7 841.7
16 Revolving home equity 101.1 101.4 101.8
17 Other 752.0 746.3 739.9
18 Consumer 245.3 246.2 246.0
19 Security (3) 67.8 64.1 68.6
20 Federal funds sold to
and repurchase
agreements with
broker-dealers 55.5 52.1 55.5
21 Other 12.3 11.9 13.2
22 State and local government 14.6 14.6 14.6
23 Agricultural 9.6 9.6 9.5
24 Federal funds sold to and
repurchase agreements
with others 24.9 22.5 24.0
25 All other loans 84.0 80.7 78.4
26 Lease-financing
receivables 133.1 132.3 132.5
27 Interbank loans 154.1 156.2 148.6
28 Federal funds sold to and
repurchase agreements with
commercial banks 80.9 84.5 76.4
29 Other 73.1 71.7 72.2
30 Cash assets (4) 131.2 149.5 141.7
31 Other assets (5) 319.8 308.7 297.4
32 Total assets (6) 3,143.0 3,144.9 3,120.2
Liabilities
33 Deposits 1,784.1 1,791.4 1,783.2
34 Transaction 303.2 315.2 312.7
35 Nontransaction 1,480.9 1,476.2 1,470.5
36 Large time 245.2 248.0 254.4
37 Other 1,235.8 1,228.2 1,216.2
38 Borrowings 651.1 654.3 652.3
39 From banks in the U.S. 213.5 206.8 207.5
40 From others 437.6 447.5 444.8
41 Net due to related foreign
offices 165.6 168.2 156.7
42 Other liabilities 198.1 190.1 194.4
43 Total liabilities 2,798.9 2,803.9 2,786.6
44 Residual (assets less
liabilities) (7) 344.1 341.0 333.6
Not seasonally adjusted
Assets
45 Bank credit 2,585.3 2,575.3 2,577.2
46 Securities in bank credit 633.5 639.3 644.5
47 U.S. government securities 361.1 363.5 365.6
48 Trading account 34.4 35.0 32.2
49 Investment account 326.7 328.6 333.4
50 Mortgage-backed
securities 244.8 243.7 243.8
51 Other 81.9 84.9 89.6
52 One year or less 27.5 30.4 34.2
53 One to five years 42.9 43.3 43.5
54 More than five years 11.6 11.2 11.9
55 Other securities 272.3 275.8 278.9
56 Trading account 126.5 130.3 136.0
57 Investment account 145.8 145.5 142.9
58 State and local
government 28.0 28.1 28.2
59 Other 117.8 117.4 114.7
60 Loans and leases in bank
credit (2) 1,951.8 1,936.0 1,932.7
61 Commercial and industrial 517.6 519.7 518.6
62 Bankers acceptances n.a. n.a. n.a.
63 Other 517.6 519.7 518.6
64 Real estate 851.3 842.5 835.5
65 Revolving home equity 100.0 100.2 100.5
66 Other 442.4 433.8 426.5
67 Commercial 309.0 308.4 308.6
68 Consumer 248.0 248.7 247.8
69 Credit cards and related
plans 76.3 76.8 76.9
70 Other 171.7 171.8 170.8
71 Security (3) 69.2 65.5 72.2
72 Federal funds sold to
and repurchase
agreements with
broker-dealers 56.7 53.3 58.4
73 Other 12.5 12.2 13.8
74 State and local government 14.6 14.6 14.6
75 Agricultural 9.5 9.4 9.4
76 Federal funds sold to and
repurchase agreements
with others 24.9 22.5 24.0
77 All other loans 82.1 79.6 76.9
78 Lease-financing
receivables 134.5 133.7 133.7
79 Interbank loans 154.2 154.0 148.0
80 Federal funds sold to and
repurchase agreements
with commercial banks 81.0 83.3 76.1
81 Other 73.2 70.7 71.9
82 Cash assets (4) 131.2 161.6 142.8
83 Other assets (5) 319.1 304.2 295.4
84 Total assets (6) 3,145.4 3,151.5 3,119.8
Liabilities
85 Deposits 1,795.3 1,803.6 1,788.3
86 Transaction 298.9 317.4 310.0
87 Nontransaction 1,496.4 1,486.2 1,478.3
88 Large time 249.4 250.6 255.9
89 Other 1,247.0 1,235.6 1,222.4
90 Borrowings 654.7 658.8 650.0
91 From banks in the U.S. 218.2 211.6 210.6
92 From nonbanks in the U.S. 436.5 447.2 439.4
93 Net due to related foreign
offices 166.9 171.4 159.9
94 Other liabilities 199.5 193.3 198.1
95 Total liabilities 2,816.4 2,827.1 2,796.3
96 Residual (assets less
liabilities) (7) 329.0 324.4 323.5
D. Small domestically chartered commercial banks
Billions of dollars
Monthly averages
2001 2001
Account Feb. (r) Aug. (r) Sept. (r)
Seasonally adjusted
Assets
1 Bank credit 2,072.0 2,126.8 2,139.6
2 Securities in bank credit 550.9 567.2 574.2
3 U.S. government securities 358.4 359.8 364.9
4 Other securities 192.5 207.4 209.3
5 Loans and leases in bank
credit (2) 1,521.2 1,559.6 1,565.3
6 Commercial and industrial 294.1 303.1 302.1
7 Real estate 823.2 852.0 859.8
8 Revolving home equity 47.1 51.7 52.7
9 Other 776.1 800.2 807.1
10 Consumer 299.1 297.1 295.8
11 Security (3) 7.4 8.4 8.7
12 Other loans and leases 97.4 99.1 99.0
13 Interbank loans 94.1 116.8 120.7
14 Cash assets (4) 103.1 105.9 109.2
15 Other assets (5) 95.6 120.2 127.4
16 Total assets (6) 2,338.0 2,441.0 2,467.4
Liabilities
17 Deposits 1,820.7 1,921.7 1,940.3
18 Transaction 295.8 297.0 301.0
19 Nontransaction 1,525.0 1,624.7 1,639.2
20 Large time 303.5 305.1 304.9
21 Other 1,221.5 1,319.6 1,334.3
22 Borrowings 337.4 343.9 355.3
23 From banks in the U.S. 156.3 151.4 156.1
24 From others 181.1 192.4 199.2
25 Net due to related foreign
offices 16.7 15.5 10.5
26 Other liabilities 50.4 60.5 62.4
27 Total Liabilities 2,225.3 2,341.5 2,368.4
28 Residual (assets less
liabilities) (7) 112.7 99.4 99.0
Not seasonally adjusted
Assets
29 Bank credit 2,061.0 2,130.1 2,145.2
30 Securities in bank credit 548.9 566.5 574.1
31 U.S. government securities 356.4 359.1 364.8
32 Other securities 192.5 207.4 209.3
33 Loans and leases in bank
credit (2) 1,512.0 1,563.6 1,571.1
34 Commercial and industrial 292.4 301.4 300.6
35 Real estate 819.9 853.7 861.5
36 Revolving home equity 46.9 51.5 52.9
37 Other 773.0 802.3 808.7
38 Consumer 297.5 299.4 299.4
39 Credit cards and related
plans 129.6 133.2 132.8
40 Other 168.0 166.2 166.6
41 Security (3) 7.4 8.2 8.5
42 Other loans and leases 94.7 100.9 101.1
43 Interbank loans 97.0 111.0 116.6
44 Cash assets (4) 102.0 103.1 109.9
45 Other assets (5) 95.6 120.2 127.4
46 Total assets (6) 2,328.6 2,435.5 2,469.7
Liabilities
47 Deposits 1,821.7 1,908.8 1,934.0
48 Transaction 290.9 294.2 301.0
49 Nontransaction 1,530.8 1,614.6 1,633.0
50 Large time 303.5 305.1 304.9
51 Other 1,227.4 1,309.5 1,328.0
52 Borrowings 337.4 343.9 355.3
53 From banks in the U.S. 156.3 151.4 156.1
54 From others 181.1 192.4 199.2
55 Net due to related foreign
offices 16.7 15.5 10.5
56 Other liabilities 50.4 60.5 62.4
57 Total liabilities 2,226.3 2,328.7 2,362.1
58 Residual (assets less
liabilities) (7) 102.4 106.9 107.6
Monthly averages
2001
Account Oct. (r) Nov. (r) Dec. (r)
Seasonally adjusted
Assets
1 Bank credit 2,181.5 2,200.4 2,221.3
2 Securities in bank credit 588.3 594.7 607.0
3 U.S. government securities 378.3 382.1 388.8
4 Other securities 209.9 212.6 218.2
5 Loans and leases in bank
credit (2) 1,593.3 1,605.8 1,614.4
6 Commercial and industrial 303.3 302.5 303.8
7 Real estate 876.2 882.0 888.9
8 Revolving home equity 54.9 55.5 57.0
9 Other 821.2 826.5 831.9
10 Consumer 308.2 314.1 314.0
11 Security (3) 7.8 7.8 8.0
12 Other loans and leases 97.8 99.4 99.8
13 Interbank loans 103.4 104.2 103.4
14 Cash assets (4) 109.0 106.4 108.8
15 Other assets (5) 130.9 129.5 133.2
16 Total assets (6) 2,494.8 2,510.0 2,536.4
Liabilities
17 Deposits 1,953.9 1,963.1 1,985.5
18 Transaction 303.8 299.4 299.6
19 Nontransaction 1,650.1 1,663.7 1,685.9
20 Large time 307.9 309.6 304.4
21 Other 1,342.2 1,354.1 1,381.5
22 Borrowings 364.7 366.5 373.2
23 From banks in the U.S. 166.0 165.7 166.5
24 From others 198.7 200.9 206.7
25 Net due to related foreign
offices 9.5 10.2 10.0
26 Other liabilities 64.2 65.2 65.9
27 Total Liabilities 2,392.3 2,405.1 2,434.6
28 Residual (assets less
liabilities) (7) 102.5 104.9 101.8
Not seasonally adjusted
Assets
29 Bank credit 2,183.4 2,201.6 2,225.9
30 Securities in bank credit 585.9 592.8 606.0
31 U.S. government securities 375.9 380.3 387.8
32 Other securities 209.9 212.6 218.2
33 Loans and leases in bank
credit (2) 1,597.5 1,608.8 1,619.9
34 Commercial and industrial 302.9 301.8 304.6
35 Real estate 877.3 882.4 888.9
36 Revolving home equity 55.2 55.8 57.2
37 Other 822.1 826.6 831.8
38 Consumer 310.4 316.2 317.7
39 Credit cards and related
plans 142.3 149.2 152.2
40 Other 168.1 167.0 165.6
41 Security (3) 7.9 8.2 8.2
42 Other loans and leases 99.1 100.2 100.4
43 Interbank loans 104.5 111.5 109.1
44 Cash assets (4) 109.7 111.7 115.4
45 Other assets (5) 130.9 129.5 133.2
46 Total assets (6) 2,498.4 2,523.8 2,553.2
Liabilities
47 Deposits 1,955.3 1,976.0 2,005.0
48 Transaction 303.5 303.0 310.3
49 Nontransaction 1,651.8 1,673.0 1,694.8
50 Large time 307.9 309.6 304.4
51 Other 1,343.9 1,363.4 1,390.4
52 Borrowings 364.7 366.5 373.2
53 From banks in the U.S. 166.0 165.7 166.5
54 From others 198.7 200.9 206.7
55 Net due to related foreign
offices 9.5 10.2 10.0
56 Other liabilities 64.2 65.2 65.9
57 Total liabilities 2,393.7 2,418.0 2,454.1
58 Residual (assets less
liabilities) (7) 104.8 105.8 99.1
Wednesday
Monthly averages figures
2002 2002
Account Jan. (r) Feb. Feb. 6
Seasonally adjusted
Assets
1 Bank credit 2,243.7 2,249.0 2,248.4
2 Securities in bank credit 611.3 614.4 614.0
3 U.S. government securities 392.4 398.3 397.4
4 Other securities 218.9 216.1 216.5
5 Loans and leases in bank
credit (2) 1,632.4 1,634.6 1,634.4
6 Commercial and industrial 304.2 306.4 305.2
7 Real estate 897.0 903.1 901.5
8 Revolving home equity 58.4 59.8 59.3
9 Other 838.6 843.4 842.2
10 Consumer 324.1 317.6 321.0
11 Security (3) 7.7 7.9 7.7
12 Other loans and leases 99.4 99.5 99.0
13 Interbank loans 98.4 101.6 96.1
14 Cash assets (4) 111.0 111.5 112.3
15 Other assets (5) 135.5 142.6 141.6
16 Total assets (6) 2,557.8 2,574.3 2,568.0
Liabilities
17 Deposits 1,998.6 1,998.1 1,994.9
18 Transaction 303.8 303.3 293.3
19 Nontransaction 1,694.8 1,694.8 1,701.6
20 Large time 302.6 302.6 302.8
21 Other 1,392.2 1,392.2 1,398.8
22 Borrowings 380.4 374.1 374.7
23 From banks in the U.S. 170.9 169.0 167.7
24 From others 209.6 205.1 206.9
25 Net due to related foreign
offices 8.9 10.8 9.8
26 Other liabilities 70.1 71.7 72.0
27 Total Liabilities 2,458.0 2,454.8 2,451.4
28 Residual (assets less
liabilities) (7) 99.8 119.5 116.7
Not seasonally adjusted
Assets
29 Bank credit 2,239.4 2,237.6 2,238.4
30 Securities in bank credit 610.7 612.3 612.2
31 U.S. government securities 391.8 396.2 395.7
32 Other securities 218.9 216.1 216.5
33 Loans and leases in bank
credit (2) 1,628.7 1,625.3 1,626.2
34 Commercial and industrial 303.3 304.5 303.4
35 Real estate 895.2 899.6 898.1
36 Revolving home equity 58.4 59.6 59.1
37 Other 836.8 840.1 839.0
38 Consumer 325.0 316.1 320.0
39 Credit cards and related
plans 157.8 148.7 151.3
40 Other 167.2 167.4 168.7
41 Security (3) 7.6 7.9 7.8
42 Other loans and leases 97.5 97.1 96.8
43 Interbank loans 99.1 104.8 101.1
44 Cash assets (4) 114.2 110.2 108.2
45 Other assets (5) 135.5 142.6 141.6
46 Total assets (6) 2,557.3 2,564.9 2,558.9
Liabilities
47 Deposits 1,998.3 2,001.1 1,997.8
48 Transaction 306.4 298.3 288.4
49 Nontransaction 1,691.9 1,702.8 1,709.4
50 Large time 302.6 302.6 302.8
51 Other 1,389.3 1,400.2 1,406.6
52 Borrowings 380.4 374.1 374.7
53 From banks in the U.S. 170.9 169.0 167.7
54 From others 209.6 205.1 206.9
55 Net due to related foreign
offices 8.9 10.8 9.8
56 Other liabilities 70.1 71.7 72.0
57 Total liabilities 2,457.8 2,457.8 2,454.3
58 Residual (assets less
liabilities) (7) 99.6 107.1 104.6
Wednesday figures
2002
Account Feb. 13 Feb. 20 Feb. 27
Seasonally adjusted
Assets
1 Bank credit 2,244.8 2,254.0 2,248.6
2 Securities in bank credit 615.7 614.9 612.5
3 U.S. government securities 398.6 398.5 397.8
4 Other securities 217.2 216.4 214.7
5 Loans and leases in bank
credit (2) 1,629.0 1,639.1 1,636.2
6 Commercial and industrial 306.0 307.6 306.7
7 Real estate 902.0 904.8 904.0
8 Revolving home equity 59.4 60.0 60.2
9 Other 842.6 844.7 843.8
10 Consumer 313.6 318.1 318.3
11 Security (3) 7.9 8.0 8.1
12 Other loans and leases 99.5 100.5 99.1
13 Interbank loans 100.5 103.3 106.3
14 Cash assets (4) 109.1 114.8 109.9
15 Other assets (5) 145.5 142.0 140.8
16 Total assets (6) 2,569.6 2,583.6 2,575.2
Liabilities
17 Deposits 1,997.1 2,003.1 1,995.9
18 Transaction 296.7 310.2 313.1
19 Nontransaction 1,700.4 1,692.9 1,682.8
20 Large time 304.3 301.6 301.6
21 Other 1,396.2 1,391.2 1,381.2
22 Borrowings 374.8 373.5 374.9
23 From banks in the U.S. 168.3 170.9 169.4
24 From others 206.5 202.6 205.5
25 Net due to related foreign
offices 9.6 12.8 11.2
26 Other liabilities 70.8 72.3 71.9
27 Total Liabilities 2,452.3 2,461.6 2,453.8
28 Residual (assets less
liabilities) (7) 117.3 122.0 121.3
Not seasonally adjusted
Assets
29 Bank credit 2,233.7 2,239.9 2,237.9
30 Securities in bank credit 613.7 612.0 610.8
31 U.S. government securities 396.6 395.6 396.1
32 Other securities 217.2 216.4 214.7
33 Loans and leases in bank
credit (2) 1,620.0 1,628.0 1,627.1
34 Commercial and industrial 304.0 305.5 305.1
35 Real estate 898.7 900.4 900.9
36 Revolving home equity 59.3 59.7 60.0
37 Other 839.4 840.7 840.9
38 Consumer 312.4 316.5 316.4
39 Credit cards and related
plans 144.1 149.7 150.3
40 Other 168.3 166.8 166.0
41 Security (3) 7.9 7.9 8.1
42 Other loans and leases 97.0 97.7 96.7
43 Interbank loans 104.3 104.2 108.4
44 Cash assets (4) 105.4 118.1 109.2
45 Other assets (5) 145.5 142.0 140.8
46 Total assets (6) 2,558.6 2,573.8 2,565.9
Liabilities
47 Deposits 1,999.0 2,005.9 1,998.2
48 Transaction 289.8 305.8 308.3
49 Nontransaction 1,709.2 1,700.1 1,690.0
50 Large time 304.3 301.6 301.6
51 Other 1,405.0 1,398.4 1,388.4
52 Borrowings 374.8 373.5 374.9
53 From banks in the U.S. 168.3 170.9 169.4
54 From others 206.5 202.6 205.5
55 Net due to related foreign
offices 9.6 12.8 11.2
56 Other liabilities 70.8 72.3 71.9
57 Total liabilities 2,454.3 2,464.5 2,456.2
58 Residual (assets less
liabilities) (7) 104.4 109.3 109.7
E. Foreign-related institutions
Billions of dollars
Monthly averages
2001 2001
Account Feb. Aug. Sept.
Seasonally adjusted
Assets
1 Bank credit 614.1 599.0 (r) 595.2 (r)
2 Securities in bank credit 205.1 223.8 (r) 225.3 (r)
3 U.S. government securities 63.0 49.1 51.7
4 Other securities 142.1 174.7 (r) 173.6 (r)
5 Loans and leases in bank
credit (2) 409.0 375.2 369.9
6 Commercial and industrial 216.7 204.8 204.9
7 Real estate 18.2 18.4 18.7
8 Security (3) 106.4 84.7 79.0
9 Other loans and leases 67.7 67.3 67.3
10 Interbank loans 27.8 20.2 26.0
11 Cash assets (4) 41.4 36.8 (r) 44.8 (r)
12 Other assets (5) 35.6 30.1 33.5
13 Total assets (6) 718.5 685.7 (r) 699.0 (r)
Liabilities
14 Deposits 382.3 407.0 409.4
15 Transaction 10.5 9.5 12.3
16 Nontransaction 371.9 397.4 397.1
17 Borrowings 238.0 210.6 221.8
18 From banks in the U.S. 23.4 20.6 30.5
19 From others 214.6 190.0 191.2
20 Net due to related foreign
offices 4.9 -12.8 -19.1
21 Other liabilities 81.2 76.0 78.4
22 Total liabilities 706.3 680.8 690.5
23 Residual (assets less
liabilities) (7) 12.2 4.9 (r) 8.5 (r)
Not seasonally adjusted
Assets
24 Bank credit 617.3 592.6 (r) 593.4 (r)
25 Securities in bank credit 205.1 223.8 (r) 225.3 (r)
26 U.S. government securities 63.0 49.1 51.7
27 Trading account 10.0 11.7 13.1
28 Investment account 53.0 37.4 38.6
29 Other securities 142.1 174.7 (r) 173.6 (r)
30 Trading account 95.6 109.4 108.5
31 Investment account 46.4 65.4 (r) 65.1 (r)
32 Loans and leases in bank
credit (2) 412.2 368.7 368.2
33 Commercial and industrial 218.9 203.5 204.5
34 Real estate 18.2 18.4 18.7
35 Security (3) 107.4 80.8 77.8
36 Other loans and leases 67.8 66.0 67.1
37 Interbank loans 27.8 20.2 26.0
38 Cash assets (4) 41.5 35.6 (r) 43.8 (r)
39 Other assets (5) 36.6 29.8 33.2
40 Total assets 722.8 677.8 (r) 696.0 (r)
Liabilities
41 Deposits 390.5 395.1 401.4
42 Transaction 10.2 9.5 12.6
43 Nontransaction 380.3 385.6 388.7
44 Borrowings 238.0 210.6 221.8
45 From banks in the U.S. 23.4 20.6 30.5
46 From others 214.6 190.0 191.2
47 Net due to related foreign
offices 8.1 -14.1 -16.6
48 Other liabilities 82.7 75.5 79.5
49 Total liabilities 719.3 667.2 686.1
50 Residual (assets less
liabilities) (7) 3.5 10.7 (r) 9.9 (r)
Monthly averages
2001
Account Oct. Nov. Dec.
Seasonally adjusted
Assets
1 Bank credit 587.0 (r) 593.6 (r) 585.0
2 Securities in bank credit 228.2 (r) 230.6 (r) 228.8
3 U.S. government securities 56.2 59.4 57.5
4 Other securities 172.0 (r) 171.2 (r) 171.3
5 Loans and leases in bank
credit (2) 358.8 (r) 363.0 (r) 356.2
6 Commercial and industrial 199.6 199.7 195.3
7 Real estate 18.7 18.9 19.0
8 Security (3) 72.3 76.5 73.7
9 Other loans and leases 68.2 67.9 68.3
10 Interbank loans 23.9 25.4 21.0
11 Cash assets (4) 38.5 (r) 36.8 (r) 36.4
12 Other assets (5) 32.3 34.2 30.9
13 Total assets (6) 681.3 (r) 689.7 (r) 673.0
Liabilities
14 Deposits 421.7 428.4 435.4
15 Transaction 10.8 10.7 11.1
16 Nontransaction 411.0 417.7 424.4 (r)
17 Borrowings 208.4 213.0 202.6
18 From banks in the U.S. 23.9 24.2 24.5
19 From others 184.5 188.7 (r) 178.1
20 Net due to related foreign
offices -17.2 -30.7 -49.7
21 Other liabilities 74.3 77.0 74.6
22 Total liabilities 687.3 687.7 662.9
23 Residual (assets less
liabilities) (7) -6.0 (r) 2.0 10.1
Not seasonally adjusted
Assets
24 Bank credit 589.9 (r) 596.5 (r) 594.6
25 Securities in bank credit 228.2 (r) 230.6 (r) 228.8
26 U.S. government securities 56.2 59.4 57.5
27 Trading account 14.3 13.4 12.4
28 Investment account 41.9 46.0 45.1
29 Other securities 172.0 (r) 171.2 (r) 171.3
30 Trading account 107.4 (r) 108.1 108.1
31 Investment account 64.5 (r) 63.1 (r) 63.2
32 Loans and leases in bank
credit (2) 361.7 (r) 365.9 365.9
33 Commercial and industrial 199.8 (r) 200.4 197.6
34 Real estate 18.7 18.9 19.0
35 Security (3) 75.5 78.1 78.4
36 Other loans and leases 67.7 68.5 70.8
37 Interbank loans 23.9 25.4 21.0
38 Cash assets (4) 39.2 (r) 38.9 (r) 39.0
39 Other assets (5) 31.8 34.2 (r) 32.4
40 Total assets 684.4 694.6 686.7 (r)
Liabilities
41 Deposits 414.3 431.7 448.5
42 Transaction 10.9 10.9 11.8
43 Nontransaction 403.4 420.8 436.7
44 Borrowings 208.4 213.0 202.6
45 From banks in the U.S. 23.9 24.2 24.5
46 From others 184.5 188.7 (r) 178.1
47 Net due to related foreign
offices -16.8 (r) -30.6 -44.6 (r)
48 Other liabilities 74.5 77.0 76.6
49 Total liabilities 680.4 691.1 683.1 (r)
50 Residual (assets less
liabilities) (7) 4.1 (r) 3.5 3.6
Wednes-
day
Monthly averages figures
2002 2002
Account Jan. Feb. Feb. 6
Seasonally adjusted
Assets
1 Bank credit 577.1 579.6 571.8
2 Securities in bank credit 222.6 219.2 218.8
3 U.S. government securities 53.5 48.8 48.5
4 Other securities 169.1 170.5 170.3
5 Loans and leases in bank
credit (2) 354.5 360.4 353.0
6 Commercial and industrial 192.4 197.1 195.4
7 Real estate 19.0 18.7 18.7
8 Security (3) 74.5 73.9 69.7
9 Other loans and leases 68.6 70.6 69.2
10 Interbank loans 26.5 21.0 26.4
11 Cash assets (4) 36.3 37.4 37.5
12 Other assets (5) 32.5 31.4 32.8
13 Total assets (6) 672.0 669.1 668.1
Liabilities
14 Deposits 454.2 456.7 465.3
15 Transaction 11.0 10.7 10.3
16 Nontransaction 443.2 446.0 455.0
17 Borrowings 187.0 189.1 181.0
18 From banks in the U.S. 21.9 (r) 22.6 18.9
19 From others 165.0 166.4 162.1
20 Net due to related foreign
offices -58.1 -67.2 -70.7
21 Other liabilities 76.0 74.7 78.3
22 Total liabilities 659.0 653.3 653.9
23 Residual (assets less
liabilities) (7) 12.9 15.8 14.2
Not seasonally adjusted
Assets
24 Bank credit 583.6 (r) 581.8 576.1
25 Securities in bank credit 222.6 219.2 218.8
26 U.S. government securities 53.5 48.8 48.5
27 Trading account 11.5 10.9 11.2
28 Investment account 42.0 37.8 37.3
29 Other securities 169.1 170.5 170.3
30 Trading account 103.4 100.9 100.6
31 Investment account 65.8 69.5 69.7
32 Loans and leases in bank
credit (2) 360.9 362.6 357.3
33 Commercial and industrial 194.0 199.1 196.5
34 Real estate 19.0 18.7 18.7
35 Security (3) 78.3 74.1 72.3
36 Other loans and leases 69.7 70.7 69.8
37 Interbank loans 26.5 21.0 26.4
38 Cash assets (4) 38.7 37.7 38.5
39 Other assets (5) 33.7 32.2 34.1
40 Total assets 682.0 672.5 674.7
Liabilities
41 Deposits 466.8 466.7 477.1
42 Transaction 11.2 10.5 10.1
43 Nontransaction 455.6 456.2 467.0
44 Borrowings 187.0 189.1 181.0
45 From banks in the U.S. 21.9 (r) 22.6 18.9
46 From others 165.0 166.4 162.1
47 Net due to related foreign
offices -54.6 -64.0 -67.2
48 Other liabilities 77.4 76.0 79.8
49 Total liabilities 676.6 667.8 670.8
50 Residual (assets less
liabilities) (7) 5.4 4.6 4.0
Wednesday figures
2002
Account Feb. 13 Feb. 20 Feb. 27
Seasonally adjusted
Assets
1 Bank credit 576.1 584.1 585.5
2 Securities in bank credit 218.6 217.2 222.5
3 U.S. government securities 48.8 47.4 50.1
4 Other securities 169.9 169.8 172.4
5 Loans and leases in bank
credit (2) 357.5 366.9 363.0
6 Commercial and industrial 194.6 198.8 199.4
7 Real estate 18.7 18.7 18.8
8 Security (3) 74.1 78.0 73.1
9 Other loans and leases 70.0 71.3 71.7
10 Interbank loans 20.5 18.5 18.6
11 Cash assets (4) 36.2 38.1 37.9
12 Other assets (5) 32.2 30.2 31.2
13 Total assets (6) 664.5 670.4 672.8
Liabilities
14 Deposits 459.1 451.7 452.4
15 Transaction 11.1 10.4 11.1
16 Nontransaction 448.0 441.2 441.3
17 Borrowings 193.4 188.8 191.0
18 From banks in the U.S. 29.1 19.7 22.1
19 From others 164.3 169.0 168.9
20 Net due to related foreign
offices -78.0 -61.2 -59.9
21 Other liabilities 76.3 72.4 73.5
22 Total liabilities 650.8 651.6 657.0
23 Residual (assets less
liabilities) (7) 13.7 18.8 15.8
Not seasonally adjusted
Assets
24 Bank credit 579.9 582.8 588.1
25 Securities in bank credit 218.6 217.2 222.5
26 U.S. government securities 48.8 47.4 50.1
27 Trading account 11.5 10.6 10.5
28 Investment account 37.3 36.8 39.6
29 Other securities 169.9 169.8 172.4
30 Trading account 99.7 100.3 103.5
31 Investment account 70.2 69.5 68.9
32 Loans and leases in bank
credit (2) 361.2 365.6 365.6
33 Commercial and industrial 197.2 200.9 201.4
34 Real estate 18.7 18.7 18.8
35 Security (3) 75.0 75.2 73.9
36 Other loans and leases 70.3 70.9 71.4
37 Interbank loans 20.5 18.5 18.6
38 Cash assets (4) 36.9 38.2 37.5
39 Other assets (5) 33.2 30.5 31.8
40 Total assets 670.0 669.7 675.7
Liabilities
41 Deposits 469.7 459.9 462.9
42 Transaction 10.8 10.4 10.8
43 Nontransaction 458.9 449.5 452.1
44 Borrowings 193.4 188.8 191.0
45 From banks in the U.S. 29.1 19.7 22.1
46 From others 164.3 169.0 168.9
47 Net due to related foreign
offices -74.7 -57.2 -58.5
48 Other liabilities 77.7 74.0 74.1
49 Total liabilities 666.1 665.5 669.5
50 Residual (assets less
liabilities) (7) 4.0 4.2 6.2
F. Memo items
Billions of dollars
Monthly averages
Account 2001 2001
Feb. Aug. Sept.
Not seasonally adjusted
MEMO
Large domestically chartered
banks, adjusted for mergers
1 Revaluation gains on
off-balance-sheet items (8) 77.8 89.8 98.0
2 Revaluation losses on
off-balance-sheet items (8) 81.0 78.4 84.8
3 Mortgage-backed securities (9) 244.3 266.6 272.2
4 Pass-through 176.6 203.2 208.8
5 CMO, REMIC, and other 67.7 63.4 63.4
6 Net unrealized gains (losses) on
available-for-sale
securities (10) 5.6 5.1 7.2 (r)
7 Off-shore credit to U.S.
residents (11) 22.7 19.6 20.2
8 Securitized consumer loans (12) 78.3 96.3 97.1
9 Credit cards and related plans 68.6 86.2 87.2
10 Other 9.8 10.2 10.0
11 Securitized business loans (12) 13.7 20.8 20.9
Small domestically chartered
commercial banks, adjusted for
mergers
12 Mortgage-backed securities (9) 211.1 245.5 251.4
13 Securitized consumer loans (12) 233.8 228.0 (r) 231.1 (r)
14 Credit cards and related plans 225.6 (r) 220.4 (r) 223.6 (r)
15 Other 8.2 (r) 7.6 (r) 7.5 (r)
Foreign-related institutions
16 Revaluation gains on
off-balance-sheet items (8) 53.8 55.1 54.9
17 Revaluation losses on
off-balance-sheet items (8) 51.4 51.1 50.5
18 Securitized business loans (12) 35.7 26.6 26.6 (r)
Monthly averages
Account 2001
Oct. Nov. Dec.
Not seasonally adjusted
MEMO
Large domestically chartered
banks, adjusted for mergers
1 Revaluation gains on
off-balance-sheet items (8) 100.8 104.3 80.6
2 Revaluation losses on
off-balance-sheet items (8) 86.0 86.5 68.4
3 Mortgage-backed securities (9) 281.7 282.2 303.4
4 Pass-through 212.9 196.9 200.8
5 CMO, REMIC, and other 68.9 85.4 (r) 102.6
6 Net unrealized gains (losses) on
available-for-sale
securities (10) 9.0 (r) 9.6 (r) 4.6 (r)
7 Off-shore credit to U.S.
residents (11) 20.0 19.2 19.1
8 Securitized consumer loans (12) 97.8 99.3 99.4
9 Credit cards and related plans 87.8 88.3 88.7
10 Other 9.9 11.0 10.7
11 Securitized business loans (12) 21.1 20.6 19.7
Small domestically chartered
commercial banks, adjusted for
mergers
12 Mortgage-backed securities (9) 256.7 (r) 262.2 (r) 267.1 (r)
13 Securitized consumer loans (12) 234.7 (r) 237.5 (r) 243.0 (r)
14 Credit cards and related plans 227.4 (r) 229.9 (r) 235.6 (r)
15 Other 7.3 (r) 7.6 (r) 7.4 (r)
Foreign-related institutions
16 Revaluation gains on
off-balance-sheet items (8) 56.4 55.6 55.3
17 Revaluation losses on
off-balance-sheet items (8) 48.8 48.7 49.4
18 Securitized business loans (12) 27.1 (r) 26.4 (r) 25.1 (r)
Wednesday
Monthly averages figures
Account 2002 2002
Jan. Feb. Feb. 6
Not seasonally adjusted
MEMO
Large domestically chartered
banks, adjusted for mergers
1 Revaluation gains on
off-balance-sheet items (8) 86.3 81.7 81.9
2 Revaluation losses on
off-balance-sheet items (8) 66.5 59.4 59.9
3 Mortgage-backed securities (9) 300.9 285.1 292.2
4 Pass-through 202.1 (r) 189.3 194.3
5 CMO, REMIC, and other 98.9 95.9 97.9
6 Net unrealized gains (losses) on
available-for-sale
securities (10) 2.9 (r) 4.4 4.1
7 Off-shore credit to U.S.
residents (11) 19.4 19.7 19.3
8 Securitized consumer loans (12) 94.7 92.8 93.0
9 Credit cards and related plans 84.3 82.6 82.7
10 Other 10.4 10.3 10.3
11 Securitized business loans (12) 19.4 19.4 19.7
Small domestically chartered
commercial banks, adjusted for
mergers
12 Mortgage-backed securities (9) 268.7 (r) 271.3 271.0
13 Securitized consumer loans (12) 250.5 (r) 245.1 245.8
14 Credit cards and related plans 243.3 (r) 238.0 238.8
15 Other 7.3 (r) 7.1 7.0
Foreign-related institutions
16 Revaluation gains on
off-balance-sheet items (8) 52.6 53.0 54.0
17 Revaluation losses on
off-balance-sheet items (8) 49.5 49.3 50.8
18 Securitized business loans (12) 25.2 (r) 24.8 25.4
Wednesday figures
Account 2002
Feb. 13 Feb. 20 Feb. 27
Not seasonally adjusted
MEMO
Large domestically chartered
banks, adjusted for mergers
1 Revaluation gains on
off-balance-sheet items (8) 77.3 81.7 85.9
2 Revaluation losses on
off-balance-sheet items (8) 56.0 58.8 63.2
3 Mortgage-backed securities (9) 285.0 283.9 280.6
4 Pass-through 188.8 188.3 186.5
5 CMO, REMIC, and other 96.3 95.6 94.1
6 Net unrealized gains (losses) on
available-for-sale
securities (10) 3.9 4.5 4.9
7 Off-shore credit to U.S.
residents (11) 19.7 19.7 19.9
8 Securitized consumer loans (12) 92.9 92.8 92.6
9 Credit cards and related plans 82.7 82.7 82.4
10 Other 10.2 10.2 10.1
11 Securitized business loans (12) 19.8 19.2 18.8
Small domestically chartered
commercial banks, adjusted for
mergers
12 Mortgage-backed securities (9) 272.5 271.0 270.4
13 Securitized consumer loans (12) 246.4 243.7 244.7
14 Credit cards and related plans 239.3 236.6 237.6
15 Other 7.2 7.1 7.1
Foreign-related institutions
16 Revaluation gains on
off-balance-sheet items (8) 53.2 52.3 53.2
17 Revaluation losses on
off-balance-sheet items (8) 49.6 48.7 49.0
18 Securitized business loans (12) 25.4 24.3 24.2
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.
Domestic Financial Statistics [] May 2002
1.32 COMMERCIAL PAPER OUTSTANDING
Millions of dollars, seasonally adjusted, end of period
Year ending December
Item 1997 1998 1999
1 All issuers 966,699 1,163,303 1,403,023
Financial companies (1)
2 Dealer-placed paper, total (2) 513,307 614,142 786,643
3 Directly placed paper,
total (3) 252,536 322,030 337,240
4 Nonfinancial companies (4) 200,857 227,132 279,140
Year ending December 2001
Item 2000 2001 Aug.
1 All issuers 1,615,341 1,438,764 1,434,238
Financial companies (1)
2 Dealer-placed paper, total (2) 973,060 989,364 957,792
3 Directly placed paper,
total (3) 298,848 224,553 248,974
4 Nonfinancial companies (4) 343,433 224,847 227,473
2001
Item Sept. Oct. Nov.
1 All issuers 1,423,004 1,436,254 1,435,808
Financial companies (1)
2 Dealer-placed paper, total (2) 950,346 984,996 993,491
3 Directly placed paper,
total (3) 255,122 232,407 227,422
4 Nonfinancial companies (4) 217,537 218,851 214,894
2001 2002
Item Dec. Jan.
1 All issuers 1,438,764 1,428,494
Financial companies (1)
2 Dealer-placed paper, total (2) 989,364 984,251
3 Directly placed paper,
total (3) 224,553 224,595
4 Nonfinancial companies (4) 224,847 219,648
(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
Period Average
rate
1999 8.00
2000 9.23
2001 6.91
1999--Jan. 7.75
Feb. 7.75
Mar. 7.75
Apr. 7.75
May 7.75
June 7.75
July 8.00
Aug. 8.06
Sept. 8.25
Oct. 8.25
Nov. 8.37
Dec. 8.50
2000--Jan. 8.50
Feb. 8.73
Mar. 8.83
Apr. 9.00
May 9.24
June 9.50
July 9.50
Aug. 9.50
Sept. 9.50
Oct. 9.50
Nov. 9.50
Dec. 9.50
2001--Jan. 9.05
Feb. 8.50
Mar. 8.32
Apr. 7.80
May 7.24
June 6.98
July 6.75
Aug. 6.67
Sept. 6.28
Oct. 5.53
Nov. 5.10
Dec. 4.84
2002--Jan. 4.75
Feb. 4.75
Mar. 4.75
(1.) The prime rate is one of several base rates that banks
use to price short-term business loans. The table shows the
date on which a new rate came to be the predominant one quoted
by a majority of the twenty-five largest banks by asset size,
based on the most recent Call Report. Data in this table also
appear in the Board's H.15 (519) weekly and G.13 (415) monthly
statistical releases. For ordering address, see inside front
cover.
Financial Markets
1.35 INTEREST RATES Money and Capital Markets
Percent per year; figures are averages of business day data
unless otherwise noted
Item 1999 2000 2001
MONEY MARKET INSTRUMENTS
1 Federal funds (1),(2),(3) 4.97 6.24 3.88
2 Discount window borrowing (2),(4) 4.62 5.73 3.40
Commercial paper (3),(5),(6)
Nonfinancial
3 1-month 5.09 6.27 3.78
4 2-month 5.14 6.29 3.68
5 3-month 5.18 6.31 3.65
Financial
6 1-month 5.11 6.28 3.80
7 2-month 5.16 6.30 3.71
8 3-month 5.22 6.33 3.65
Certificates of deposit, secondary
market (3),(7)
9 1-month 5.19 6.35 3.84
10 3-month 5.33 6.46 3.71
11 6-month 5.46 6.59 3.66
12 Eurodollar deposits, 3-month (3),(8) 5.31 6.45 3.70
U.S. Treasury bills
Secondary market (3),(5)
13 3-month 4.64 5.82 3.40
14 6-month 4.75 5.90 3.34
15 1-year 4.81 5.78 3.84
U.S. TREASURY NOTES AND BONDS
Constant maturities (9)
16 l-year 5.08 6.11 3.49
17 2-year 5.43 6.26 3.83
18 3-year 5.49 6.22 4.09
19 5-year 5.55 6.16 4.56
20 7-year 5.79 6.20 4.88
21 10-year 5.65 6.03 5.02
22 20-year 6.20 6.23 5.63
23 30-year 5.87 5.94 5.49
STATE AND LOCAL NOTES AND BONDS
Moody's series (10)
24 Aaa 5.28 5.58 4.99
25 Baa 5.70 6.19 5.75
26 Bond Buyer series (11) 5.43 5.71 5.15
CORPORATE BONDS
27 Seasoned issues, all industries (12) 7.45 7.98 7.49
Rating group
28 Aaa (13) 7.05 7.62 7.08
29 Aa 7.36 7.83 7.26
30 A 7.53 8.11 7.67
31 Baa 7.88 8.37 7.95
MEMO
Dividend--price ratio (14)
32 Common stocks 1.25 1.15 1.32
2001 2002
Item Nov. Dec. Jan.
MONEY MARKET INSTRUMENTS
1 Federal funds (1),(2),(3) 2.09 1.82 1.73
2 Discount window borrowing (2),(4) 1.58 1.33 1.25
Commercial paper (3),(5),(6)
Nonfinancial
3 1-month 2.03 1.84 1.70
4 2-month 2.00 1.79 1.69
5 3-month 1.97 1.78 1.70
Financial
6 1-month 2.04 1.83 1.72
7 2-month 2.02 1.81 1.71
8 3-month 2.00 1.81 1.72
Certificates of deposit, secondary
market (3),(7)
9 1-month 2.08 1.90 1.75
10 3-month 2.03 1.83 1.74
11 6-month 2.03 1.90 1.85
12 Eurodollar deposits, 3-month (3),(8) 2.03 1.84 1.75
U.S. Treasury bills
Secondary market (3),(5)
13 3-month 1.87 1.69 1.65
14 6-month 1.88 1.78 1.73
15 1-year n.a. n.a. n.a.
U.S. TREASURY NOTES AND BONDS
Constant maturities (9)
16 l-year 2.18 2.22 2.16
17 2-year 2.78 3.11 3.03
18 3-year 3.22 3.62 3.56
19 5-year 3.97 4.39 4.34
20 7-year 4.42 4.86 4.79
21 10-year 4.65 5.09 5.04
22 20-year 5.33 5.76 5.69
23 30-year 5.12 5.48 5.45
STATE AND LOCAL NOTES AND BONDS
Moody's series (10)
24 Aaa 4.85 5.18 5.05
25 Baa 5.53 5.81 5.64
26 Bond Buyer series (11) 5.04 5.25 5.16
CORPORATE BONDS
27 Seasoned issues, all industries (12) 7.32 7.43 7.24
Rating group
28 Aaa (13) 6.97 6.77 6.55
29 Aa 7.01 7.19 7.03
30 A 7.49 7.70 7.50
31 Baa 7.81 8.05 7.87
MEMO
Dividend--price ratio (14)
32 Common stocks 1.38 1.36 1.38
2002,
2002 week ending
Item Feb. Jan. 25 Feb. 1
MONEY MARKET INSTRUMENTS
1 Federal funds (1),(2),(3) 1.74 1.74 1.78
2 Discount window borrowing (2),(4) 1.25 1.25 1.25
Commercial paper (3),(5),(6)
Nonfinancial
3 1-month 1.76 1.70 1.76
4 2-month 1.76 1.70 1.75
5 3-month 1.79 1.71 1.76
Financial
6 1-month 1.77 1.71 1.77
7 2-month 1.78 1.72 1.76
8 3-month 1.80 1.73 1.79
Certificates of deposit, secondary
market (3),(7)
9 1-month 1.81 1.76 1.80
10 3-month 1.82 1.76 1.81
11 6-month 1.95 1.88 1.95
12 Eurodollar deposits, 3-month (3),(8) 1.82 1.75 1.80
U.S. Treasury bills
Secondary market (3),(5)
13 3-month 1.73 1.68 1.72
14 6-month 1.82 1.76 1.83
15 1-year n.a. n.a. n.a.
U.S. TREASURY NOTES AND BONDS
Constant maturities (9)
16 l-year 2.23 2.18 2.25
17 2-year 3.02 3.09 3.11
18 3-year 3.55 3.61 3.65
19 5-year 4.30 4.37 4.40
20 7-year 4.71 4.80 4.80
21 10-year 4.91 5.05 5.05
22 20-year 5.61 5.70 5.66
23 30-year 5.40 5.45 5.42
STATE AND LOCAL NOTES AND BONDS
Moody's series (10)
24 Aaa 4.93 5.01 5.02
25 Baa 5.71 5.72 5.75
26 Bond Buyer series (11) 5.11 5.17 5.15
CORPORATE BONDS
27 Seasoned issues, all industries (12) 7.18 7.24 7.21
Rating group
28 Aaa (13) 6.51 6.54 6.52
29 Aa 6.95 7.04 7.02
30 A 7.37 7.47 7.43
31 Baa 7.89 7.89 7.89
MEMO
Dividend--price ratio (14)
32 Common stocks 1.43 1.39 1.41
2002, week ending
Item Feb. 8 Feb. 15 Feb. 22
MONEY MARKET INSTRUMENTS
1 Federal funds (1),(2),(3) 1.74 1.72 1.75
2 Discount window borrowing (2),(4) 1.25 1.25 1.25
Commercial paper (3),(5),(6)
Nonfinancial
3 1-month 1.76 1.75 1.74
4 2-month 1.76 1.76 1.77
5 3-month 1.80 1.79 1.81
Financial
6 1-month 1.77 1.76 1.77
7 2-month 1.78 1.78 1.79
8 3-month 1.79 1.80 1.81
Certificates of deposit, secondary
market (3),(7)
9 1-month 1.81 1.80 1.81
10 3-month 1.81 1.82 1.82
11 6-month 1.93 1.94 1.96
12 Eurodollar deposits, 3-month (3),(8) 1.81 1.81 1.82
U.S. Treasury bills
Secondary market (3),(5)
13 3-month 1.72 1.72 1.73
14 6-month 1.80 1.82 1.83
15 1-year n.a. n.a. n.a.
U.S. TREASURY NOTES AND BONDS
Constant maturities (9)
16 l-year 2.19 2.24 2.24
17 2-year 2.98 3.02 2.99
18 3-year 3.52 3.56 3.51
19 5-year 4.30 4.33 4.27
20 7-year 4.70 4.74 4.70
21 10-year 4.92 4.94 4.87
22 20-year 5.60 5.65 5.59
23 30-year 5.38 5.42 n.a.
STATE AND LOCAL NOTES AND BONDS
Moody's series (10)
24 Aaa 4.92 4.93 4.96
25 Baa 5.70 5.70 5.73
26 Bond Buyer series (11) 5.13 5.13 5.10
CORPORATE BONDS
27 Seasoned issues, all industries (12) 7.19 7.20 7.16
Rating group
28 Aaa (13) 6.49 6.54 6.50
29 Aa 6.96 6.96 6.93
30 A 7.40 7.39 7.35
31 Baa 7.92 7.91 7.86
MEMO
Dividend--price ratio (14)
32 Common stocks 1.45 1.41 1.44
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. SOURCE: U.S. Department of the Treasury.
(10.) General obligation bonds based on Thursday figures; Moody's
Investors Service.
(11.) State and local government general obligation bonds maturing
in twenty years are used in compiling this index. The twenty-bond
index has a rating roughly equivalent to Moodys' Al rating. Based
on Thursday figures.
(12.) 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.
(13.) 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.
(14.) Standard & Poor's corporate series. Common stock ratio is
based on the 500 stocks in the price index.
Domestic Financial Statistics [] May 2002
1.36 STOCK MARKET Selected Statistics
Indicator 1999 2000
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
2 Industrial 775.29 809.40
3 Transportation 491.62 414.73
4 Utility 284.82 478.99
5 Finance 530.97 552.48
6 Standard & Poor's Corporation
(1941-43 = 10) (1) 1,327.33 1,427.22
7 American Stock Exchange
(Aug. 31, 1973 = 50) (2) 770.9 922.22
Volume of trading (thousands of shares)
8 New York Stock Exchange 799,554 1,026,867
9 American Stock Exchange 32,629 51,437
Customer financing
(millions of
dollars,
end-of-period
balances)
10 Margin credit at broker-dealers (3) 228,530 198,790
Free credit balances at brokers (4)
11 Margin accounts (5) 55,130 100,680
12 Cash accounts 79,070 84,400
Margin requirements
(percent of market
value and effective
date) (6)
Mar. 11, 1968
13 Margin stocks 70
14 Convertible bonds 50
15 Short sales 70
2001
Indicator 2001 June
Prices and trading
volume (averages of
daily figures)
Common stock prices (indexes)
1 New York Stock Exchange
(Dec. 31, 1965 = 50) 606.03 630.86
2 Industrial 749.46 782.73
3 Transportation 444.45 458.60
4 Utility 377.72 382.98
5 Finance 596.61 622.17
6 Standard & Poor's Corporation
(1941-43 = 10) (1) 1,194.18 1,238.71
7 American Stock Exchange
(Aug. 31, 1973 = 50) (2) 879.08 923.06
Volume of trading (thousands of shares)
8 New York Stock Exchange 1,216,529 1,152,193
9 American Stock Exchange 68,074 62,395
Customer financing
(millions of dollars,
end-of-period balances)
10 Margin credit at broker-dealers (3) 150,450 (r) 170,000
Free credit balances at brokers (4)
11 Margin accounts (5) 101,640 (r) 98,430
12 Cash accounts 78,040 (r) 75,270
Margin requirements
(percent of market value
and effective date) (6)
June 8, 1968
13 Margin stocks 80
14 Convertible bonds 60
15 Short sales 80
2001
Indicator July Aug.
Prices and trading
volume (averages of
daily figures)
Common stock prices (indexes)
1 New York Stock Exchange
(Dec. 31, 1965 = 50) 613.36 604.52
2 Industrial 756.04 748.65
3 Transportation 469.80 458.35
4 Utility 374.11 357.76
5 Finance 614.54 605.59
6 Standard & Poor's Corporation
(1941-43 = 10) (1) 1,204.45 1,178.51
7 American Stock Exchange
(Aug. 31, 1973 = 50) (2) 892.74 883.01
Volume of trading (thousands of shares)
8 New York Stock Exchange 1,120,074 1,012,907
9 American Stock Exchange 56,735 48,304
Customer financing
(millions of dollars,
end-of-period
balances)
10 Margin credit at broker-dealers (3) 165,250 161,130
Free credit balances at brokers (4)
11 Margin accounts (5) 97,950 103,990
12 Cash accounts 73,490 73,710
Margin requirements
(percent of market
value and effective
date) (6)
May 6, 1970
13 Margin stocks 65
14 Convertible bonds 50
15 Short sales 65
2001
Indicator Sept. Oct.
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
2 Industrial 672.89 688.35
3 Transportation 382.68 371.56
4 Utility 339.72 341.51
5 Finance 538.01 553.16
6 Standard & Poor's Corporation
(1941-43 = 10) (1) 1,044.64 1,076.59
7 American Stock Exchange
(Aug. 31, 1973 = 50) (2) 823.78 825.91
Volume of trading (thousands of shares)
8 New York Stock Exchange 1,666,980 1,293,019
9 American Stock Exchange 72,319 66,765
Customer financing
(millions of dollars,
end-of-period
balances)
10 Margin credit at broker-dealers (3) 144,670 144,010
Free credit balances at brokers (4)
11 Margin accounts (5) 115,450 101,850
12 Cash accounts 74,220 69,550
Margin requirements
(percent of market
value and effective
date) (6)
Dec. 6, 1971
13 Margin stocks 55
14 Convertible bonds 50
15 Short sales 55
2001
Indicator Nov. Dec.
Prices and trading
volume (averages of
daily figures)
Common stock prices (indexes)
1 New York Stock Exchange
(Dec. 31, 1965 = 50) 575.31 582.82
2 Industrial 715.98 727.67
3 Transportation 410.05 433.70
4 Utility 330.78 325.33
5 Finance 577.85 585.47
6 Standard & Poor's Corporation
(1941-43 = 10) (1) 1,129.68 1,144.93
7 American Stock Exchange
(Aug. 31, 1973 = 50) (2) 814.78 828.19
Volume of trading (thousands of shares)
8 New York Stock Exchange 1,242,965 1,240,245
9 American Stock Exchange 88,694 53,337
Customer financing
(millions of dollars,
end-of-period
balances)
10 Margin credit at broker-dealers (3) 148,650 150,450
Free credit balances at brokers (4)
11 Margin accounts (5) 98,330 101,640
12 Cash accounts 72,090 78,040
Margin requirements
(percent of market
value and effective
date) (6)
Nov. 24, 1972
13 Margin stocks 65
14 Convertible bonds 50
15 Short sales 65
2002
Indicator Jan. Feb.
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
2 Industrial 723.56 715.80
3 Transportation 446.13 453.51
4 Utility 322.92 301.32
5 Finance 591.94 570.18
6 Standard & Poor's Corporation
(1941-43 = 10) (1) 1,140.21 1,100.67
7 American Stock Exchange
(Aug. 31, 1973 = 50) (2) 835.02 845.81
Volume of trading (thousands of shares)
8 New York Stock Exchange 1,401,913 1,362,830
9 American Stock Exchange 55,151 55,657
Customer financing
(millions of dollars,
end-of-period
balances)
10 Margin credit at broker-dealers (3) 150,390 147,030
Free credit balances at brokers (4)
11 Margin accounts (5) 97,330 99,350
12 Cash accounts 75,110 72,730
Margin requirements
(percent of market
value and effective
date) (6)
Jan. 3, 1974
13 Margin stocks 50
14 Convertible bonds 50
15 Short sales 50
(1.) In July 1976 a financial group, composed of banks and insurance
companies, was added to the group of stocks on which the index is
based. The index is now based on 400 industrial stocks (formerly 425),
20 transportation (formerly 15 rail), 40 public utility (formerly 60),
and 40 financial.
(2.) On July 5, 1983, the American Stock Exchange rebased its index,
effectively cutting previous readings in half.
(3.) Since July 1983, under the revised Regulation T, margin credit
at broker-dealers has included credit extended against stocks,
convertible bonds, stocks acquired through the exercise of
subscription rights, corporate bonds, and government securities.
Separate reporting of data for margin stocks, convertible bonds,
and subscription issues was discontinued in April 1984.
(4.) Free credit balances are amounts in accounts with no
unfulfilled commitments to brokers and are subject to
withdrawal by customers on demand.
(5.) Series initiated in June 1984.
(6.) Margin requirements, stated in regulations adopted by the
Board of Governors pursuant to the Securities Exchange Act of
1934, limit the amount of credit that can be used to purchase
and carry "margin securities" (as defined in the regulations)
when such credit is collateralized by securities. Margin
requirements on securities are the difference between the
market value (100 percent) and the maximum loan value of
collateral as prescribed by the Board. Regulation T was adopted
effective Oct. 15, 1934; Regulation U, effective May 1, 1936;
Regulation G, effective Mar. 11, 1968; and Regulation X,
effective Nov. 1, 1971.
On Jan. 1, 1977, the Board of Governors for the first time
established in Regulation T the initial margin required for
writing options on securities, setting it at 30 percent of
the current market value of the stock underlying the option.
On Sept. 30, 1985, the Board changed the required initial
margin, allowing it to be the same as the option maintenance
margin required by the appropriate exchange or self-regulatory
organization; such maintenance margin rules must be approved
by the Securities and Exchange Commission.
Federal Finance
1.38 FEDERAL FISCAL AND FINANCING OPERATIONS
Millions of dollars
Fiscal year
Type of account or operation 1999 2000 2001
U.S. budget (1)
1 Receipts, total 1,827,454 2,025,218 1,991,030
2 On-budget 1,382,986 1,544,634 1,483,511
3 Off-budget 444,468 480,584 507,519
4 Outlays, total 1,701,932 1,788,826 1,863,926
5 On-budget 1,381,154 1,458,061 1,516,933
6 Off-budget 320,778 330,765 346,993
7 Surplus or deficit (-), total 125,522 236,392 127,104
8 On-budget 1,832 86,573 -33,422
9 Off-budget 123,690 149,819 160,526
Source of financing (total)
10 Borrowing from the public -88,674 -222,807 -90,118
11 Operating cash (decrease, or
increase [-]) -17,580 3,799 8,440
12 Other (2) -19,268 -17,384 -45,426
MEMO
13 Treasury operating balance
(level, end of period) 56,458 52,659 44,219
14 Federal Reserve Banks 6,641 8,459 9,796
15 Tax and loan accounts 49,817 44,199 34,423
Calendar year
2001
Type of account or operation Sept. Oct. Nov.
U.S. budget (1)
1 Receipts, total 158,611 157,163 121,233
2 On-budget 116,713 122,004 83,375
3 Off-budget 41,898 35,159 37,858
4 Outlays, total 123,341 166,548 175,500
5 On-budget 111,345 134,014 140,388
6 Off-budget 11,996 32,534 35,112
7 Surplus or deficit (-), total 35,270 -9,385 -54,267
8 On-budget 5,368 -12,010 -57,013
9 Off-budget 29,902 2,625 2,746
Source of financing (total)
10 Borrowing from the public 1,996 -3,695 72,036
11 Operating cash (decrease, or
increase [-]) -37,890 16,612 -2,908
12 Other (2) 624 -3,532 -14,861
MEMO
13 Treasury operating balance
(level, end of period) 44,219 27,607 30,515
14 Federal Reserve Banks 9,796 5,112 6,219
15 Tax and loan accounts 34,423 22,495 24,295
Calendar year
2001 2002
Type of account or operation Dec. Jan. Feb.
U.S. budget (1)
1 Receipts, total 187,914 203,452 97,962
2 On-budget 150,941 153,541 57,087
3 Off-budget 36,973 49,911 40,875
4 Outlays, total 161,347 159,726 174,018
5 On-budget 162,916 127,001 137,713
6 Off-budget -1,569 32,726 36,304
7 Surplus or deficit (-), total 26,567 43,726 -76,056
8 On-budget -11,975 26,540 -80,626
9 Off-budget 38,542 17,185 4,571
Source of financing (total)
10 Borrowing from the public -8,813 -15,240 63,882
11 Operating cash (decrease, or
increase [-]) -21,837 -23,016 30,729
12 Other (2) 4,083 -5,470 -18,555
MEMO
13 Treasury operating balance
(level, end of period) 52,352 75,368 44,639
14 Federal Reserve Banks 6,645 13,688 5,752
15 Tax and loan accounts 45,707 61,680 38,887
(1.) Since 1990, off-budget items have been the social security
trust funds (Federal Old-Age, Survivors, and Disability Insurance)
and the U.S. Postal Service.
(2.) Includes special drawing rights (SDRs); reserve position on
the U.S. quota in the International Monetary Fund (IMF); loans to
the IMF; other cash and monetary assets; accrued interest payable
to the public; allocations of SDRs; deposit funds; miscellaneous
liability (including checks outstanding) and asset accounts;
seigniorage; increment on gold; net gain or loss for U.S. currency
valuation adjustment; net gain or loss for IMF loan-valuation
adjustment; and profit on sale of gold.
SOURCE. Monthly totals; U.S. Department of the Treasury, Monthly
Treasury Statement of Receipts and Outlays of the U.S. Government;
and fiscal year totals: U.S. Office of Management and Budget,
Budget of the U.S. Government when available.
Domestic Financial Statistics [] May 2002
A26 Domestic Financial Statistics [] May 2002
1.39 U.S. BUDGET RECEIPTS AND OUTLAYS (1)
Millions of dollars
Calendar
Fiscal year year
2000
Source or type 2000 2001 H1
RECEIPTS
1 All sources 2,025,218 1,991,030 1,089,763
2 Individual income taxes, net 1,004,462 994,339 550,208
3 Withheld 780,397 793,386 388,526
4 Nonwithheld 358,049 383,146 281,103
5 Refunds 134,046 182,251 119,477
Corporation income taxes
6 Gross receipts 235,655 186,732 119,166
7 Refunds 28,367 35,657 13,781
8 Social insurance taxes and
contributions, net 652,852 693,967 353,514
9 Employment taxes and
contributions (2) 620,451 661,442 333,584
10 Unemployment insurance 27,640 27,812 17,562
11 Other net receipts (3) 4,761 4,713 2,368
12 Excise taxes 68,865 66,068 33,532
13 Customs deposits 19,914 19,369 9,218
14 Estate and gift taxes 29,010 28,400 15,073
15 Miscellaneous receipts (4) 42,826 37,812 22,831
OUTLAYS
16 All types 1,788,826 1,863,926 892,947
17 National defense 294,494 308,533 143,476
18 International affairs 17,216 16,601 7,250
19 General science, space, and
technology 18,637 19,896 9,601
20 Energy -1,060 89 -893
21 Natural resources and
environment 25,031 26,335 10,814
22 Agriculture 36,641 26,553 11,164
23 Commerce and housing credit 3,211 6,030 -2,497
24 Transportation 46,854 55,220 21,054
25 Community and regional
development 10,629 11,977 5,050
26 Education, training, employment,
and social services 59,201 57,302 31,234
27 Health 154,534 172,634 75,871
28 Social security and Medicare 606,549 650,593 306,966
29 Income security 247,895 269,770 133,915
30 Veterans benefits and services 47,083 45,828 23,174
31 Administration of justice 27,820 30,443 13,981
32 General government 13,454 15,153 6,198
33 Net interest (5) 223,218 206,199 115,545
34 Undistributed offsetting
receipts (6) -42,581 -55,230 -19,346
Calendar year
2000 2001
Source or type H2 H1 H2
RECEIPTS
1 All sources 953,667 1,120,040 875,322
2 Individual income taxes, net 458,679 580,632 420,105
3 Withheld 395,572 402,417 398,365
4 Nonwithheld 77,732 308,418 76,199
5 Refunds 14,628 130,256 54,461
Corporation income taxes
6 Gross receipts 123,962 102,947 90,970
7 Refunds 15,776 20,262 21,945
8 Social insurance taxes and
contributions, net 310,122 379,878 314,678
9 Employment taxes and
contributions (2) 297,665 359,648 302,518
10 Unemployment insurance 10,097 17,842 9,880
11 Other net receipts (3) 2,360 2,387 2,281
12 Excise taxes 35,501 32,490 29,124
13 Customs deposits 10,676 9,370 10,032
14 Estate and gift taxes 13,216 15,471 12,643
15 Miscellaneous receipts (4) 17,286 19,517 19,595
OUTLAYS
16 All types 895,630 948,750 954,307
17 National defense 147,651 153,154 160,877
18 International affairs 11,902 6,522 9,072
19 General science, space, and
technology 10,389 10,073 10,868
20 Energy 130 -244 494
21 Natural resources and
environment 12,907 11,059 13,310
22 Agriculture 20,977 10,832 19,954
23 Commerce and housing credit 4,408 -1,539 6,941
24 Transportation 25,841 23,810 33,006
25 Community and regional
development 5,962 5,265 8,450
26 Education, training, employment,
and social services 29,263 35,698 28,290
27 Health 81,413 87,427 92,411
28 Social security and Medicare 307,473 328,072 331,522
29 Income security 113,212 146,913 124,312
30 Veterans benefits and services 22,615 23,171 24,769
31 Administration of justice 14,635 14,694 16,209
32 General government 6,461 8,887 8,688
33 Net interest (5) 104,685 107,824 89,692
34 Undistributed offsetting
receipts (6) -24,070 -22,865 -24,516
Calendar year
2001 2002
Source or type Dec. Jan. Feb.
RECEIPTS
1 All sources 187,914 203,452 97,962
2 Individual income taxes, net 92,036 112,095 35,745
3 Withheld 86,889 64,403 62,002
4 Nonwithheld 6,472 49,132 3,341
5 Refunds 1,325 1,442 29,607
Corporation income taxes
6 Gross receipts 38,238 12,321 2,995
7 Refunds 2,247 3,071 4,935
8 Social insurance taxes and
contributions, net 50,628 66,164 54,617
9 Employment taxes and
contributions (2) 50,058 64,593 52,243
10 Unemployment insurance 224 1,223 2,016
11 Other net receipts (3) 346 348 358
12 Excise taxes 3,011 9,162 3,834
13 Customs deposits 1,297 1,562 1,351
14 Estate and gift taxes 1,895 2,389 1,881
15 Miscellaneous receipts (4) 3,056 2,831 2,473
OUTLAYS
16 All types 161,347 159,726 174,018
17 National defense 26,988 24,693 27,391
18 International affairs 1,924 4,833 2,036
19 General science, space, and
technology 1,738 1,523 1,689
20 Energy 192 -409 -289
21 Natural resources and
environment 2,179 2,067 1,916
22 Agriculture 4,773 2,727 1,856
23 Commerce and housing credit -1,123 1,411 -1,638
24 Transportation 4,580 4,539 4,387
25 Community and regional
development 1,436 579 948
26 Education, training, employment,
and social services 5,838 7,398 6,699
27 Health 16,045 16,718 14,699
28 Social security and Medicare 54,914 53,838 56,542
29 Income security 21,322 23,150 38,398
30 Veterans benefits and services 4,062 2,390 4,340
31 Administration of justice 2,868 2,451 2,503
32 General government 3,123 424 2,149
33 Net interest (5) 13,781 15,095 14,282
34 Undistributed offsetting
receipts (6) -3,294 -3,700 -3,891
(1.) Functional details do not sum to total outlays for calendar year
data because revisions to monthly totals have not been distributed
among functions. Fiscal year total for receipts and outlays do not
correspond to calendar year data because revisions from the Budget
have not been fully distributed across months.
(2.) Old-age, disability, and hospital insurance and railroad
retirement accounts.
(3.) Federal employee retirement contributions and civil service
retirement and disability fund.
(4.) Deposits of earnings by Federal Reserve Banks and other
miscellaneous receipts.
(5.) Includes interest received by trust funds.
(6.) Rents and royalties for the outer continental shelf, U.S.
government contributions for employee retirement, and certain
asset sales.
SOURCE. Fiscal year totals: U.S. Office of Management and Budget,
Budget of the US. Government, Fiscal Year 2003; monthly and half-year
totals: U.S. Department of the Treasury, Monthly Treasury Statement of
Receipts and Outlays of the U.S. Government.
Federal Finance
1.40 FEDERAL DEBT SUBJECT TO STATUTORY LIMITATION
Billions of dollars, end of month
1999 2000
Item Dec. 31 Mar. 31 June 30 Sept. 30
1 Federal debt outstanding 5,805.0 5,801.5 5,714.2 5,701.9
2 Public debt securities 5,776.1 5,773.4 5,685.9 5,674.2
3 Held by public 3,715.5 3,688.0 3,495.7 3,438.5
4 Held by agencies 2,060.6 2,085.4 2,190.2 2,235.7
5 Agency securities 28.9 28.1 28.3 27.7
6 Held by public 28.3 27.8 28.2 27.6
7 Held by agencies .6 .4 .1 .1
8 Debt subject to statutory
limit 5,686.9 5,686.5 5,600.6 5,591.6
9 Public debt securities 5,686.7 5,686.3 5,600.5 5,591.4
10 Other debt (1) .1 .2 .2 .2
MEMO
11 Statutory debt limit 5,950.0 5,950.0 5,950.0 5,950.0
2000 2001
Item Dec. 31 Mar. 31 June 30 Sept. 30
1 Federal debt outstanding 5,689.6 5,800.6 5,753.9 5,834.5
2 Public debt securities 5,662.2 5,773.7 5,726.8 5,807.5
3 Held by public 3,413.5 3,434.4 3,274.2 3,338.7
4 Held by agencies 2,248.7 2,339.4 2,452.6 2,468.8
5 Agency securities 27.4 26.8 27.1 27.0
6 Held by public 27.3 26.8 27.1 27.0
7 Held by agencies .1 .1 .0 .0
8 Debt subject to statutory
limit 5,580.5 5,692.5 5,645.0 5,732.6
9 Public debt securities 5,580.2 5,692.3 5,644.8 5,807.5
10 Other debt (1) .2 .2 .2 .2
MEMO
11 Statutory debt limit 5,950.0 5,950.0 5,950.0 5,950.0
2001
Item Dec. 31
1 Federal debt outstanding 5,970.3
2 Public debt securities 5,943.4
3 Held by public 3,393.8
4 Held by agencies 2,549.7
5 Agency securities 26.8
6 Held by public 26.8
7 Held by agencies .0
8 Debt subject to statutory
limit 5,871.4
9 Public debt securities 5,943.4
10 Other debt (1) .3
MEMO
11 Statutory debt limit 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 U.S. 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
Type and holder Q1 Q2 Q3 Q4
1 Total gross public debt 5,773.7 5,726.8 5,807.5 5,943.4
By type
2 Interest-bearing 5,752.0 5,682.8 5,763.6 5,930.8
3 Marketable 2,981.9 2,822.3 2,897.3 2,982.9
4 Bills 712.0 620.1 734.9 811.3
5 Notes 1,499.0 1,441.0 1,399.6 1,413.9
6 Bonds 627.9 616.9 612.9 602.7
7 Inflation-indexed notes
and bonds (1) 128.0 129.3 134.9 140.1
8 Nonmarketable (2) 2,770.0 2,860.5 2,866.4 2,947.9
9 State and local
government series 152.9 153.3 146.4 146.3
10 Foreign issues (3) 24.7 24.0 18.3 15.4
11 Government 24.7 24.0 18.3 15.4
12 Public .0 .0 .0 .0
13 Savings bonds and notes 177.4 178.4 179.6 181.5
14 Government account
series (4) 2,360.3 2,474.7 2,492.1 2,574.8
15 Non-interest-bearing 46.5 44.0 43.8 12.7
By holder (5)
16 U.S. Treasury and other
federal agencies and
trust funds 2,357.0 2,469.1 2,493.7 2,572.2
17 Federal Reserve Banks (6) 523.9 535.1 534.1 551.7
18 Private investors 2,892.9 2,722.6 2,779.7 2,819.5
19 Depository institutions 187.9 190.1 189.5 182.2
20 Mutual funds 222.6 219.2 231.6 258.5
21 Insurance companies 101.9 94.8 88.5 85.7
22 State and local
treasuries (7) 231.5 224.0 208.9 205.4
Individuals
23 Savings bonds 184.8 185.5 186.4 190.3
24 Pension funds 302.6 308.4 287.3 288.4
25 Private 107.3 104.0 99.6 102.4
26 State and Local 195.3 204.4 187.7 186.0
27 Foreign and
international (8) 1,196.8 1,167.4 1,170.1 1,218.1
28 Other miscellaneous
investors (7),(9) 348.2 210.5 279.4 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.
Domestic Financial Statistics [] May 2002
1.42 U.S. GOVERNMENT SECURITIES DEALERS Transactions (1)
Millions of dollars, daily averages
2002,
2001 2002 week
ending
Item Nov. Dec. Jan. Jan. 2
By type of security
1 U.S. Treasury bills 42,441 37,927 37,522 39,811
Treasury coupon
securities by
maturity
2 Three years or less 133,582 97,643 137,139 79,478
3 More than three but
less than or equal
to six years 111,681 74,502 80,482 34,373
4 More than six but less
than or equal
to eleven years 79,622 57,308 72,361 33,032
5 More than eleven 30,303 18,470 18,413 11,297
6 Inflation-indexed (2) 2,282 1,228 2,153 740
Federal agency and
government-sponsored
enterprises
7 Discount notes 60,945 59,418 56,379 67,106
Coupon securities by
maturity
8 Three years or less 13,099 9,412 11,890 5,958
9 More than three
years but less
than or equal to
six years 9,457 8,016 9,585 2,742
10 More than six years
but less than or
equal to eleven
years 11,006 7,031 10,687 3,539
11 More than eleven
years 1,758 1,435 980 865
12 Mortgage-backed 144,605 113,262 140,307 (r) 56,907
Corporate securities
13 One year or less 76,651 71,082 74,039 51,724
14 More than one year 22,319 15,326 20,305 6,583
By type of counterparty
With interdealer broker
15 U.S. Treasury 180,416 127,310 155,689 79,034
16 Federal agency and
government-sponsored
enterprises 13,155 9,762 12,346 4,972
17 Mortgage-backed 36,048 29,886 37,059 (r) 18,369
18 Corporate 588 382 568 161
With other
19 U.S. Treasury 219,495 159,770 192,381 119,696
20 Federal agency and
government-sponsored
enterprises 83,110 75,549 77,175 75,237
21 Mortgage-backed 106,557 83,376 103,248 38,538
22 Corporate 98,382 86,026 93,776 58,146
2002, week ending
Item Jan. 9 Jan. 16 Jan. 23 Jan. 30
By type of security
1 U.S. Treasury bills 40,275 33,810 35,079 40,004
Treasury coupon
securities by
maturity
2 Three years or less 135,182 129,024 158,900 145,437
3 More than three but
less than or equal
to six years 68,449 86,468 70,130 101,788
4 More than six but less
than or equal
to eleven years 70,700 88,871 55,307 77,416
5 More than eleven 17,260 21,426 14,064 21,583
6 Inflation-indexed (2) 3,988 2,677 1,074 977
Federal agency and
government-sponsored
enterprises
7 Discount notes 54,401 58,322 56,276 54,037
Coupon securities by
maturity
8 Three years or less 14,253 13,516 10,758 10,019
9 More than three
years but less
than or equal to
six years 8,098 9,607 9,050 13,170
10 More than six years
but less than or
equal to eleven
years 6,394 19,351 8,689 9,957
11 More than eleven
years 1,187 786 861 995
12 Mortgage-backed 190,800 151,727 108,840 120,841
Corporate securities
13 One year or less 68,176 74,770 80,060 78,578
14 More than one year 21,589 19,833 17,314 25,238
By type of counterparty
With interdealer broker
15 U.S. Treasury 149,253 165,002 151,214 171,019
16 Federal agency and
government-sponsored
enterprises 11,808 15,481 10,550 12,860
17 Mortgage-backed 48,735 42,337 29,407 31,044
18 Corporate 559 549 671 607
With other
19 U.S. Treasury 186,601 197,274 183,341 216,186
20 Federal agency and
government-sponsored
enterprises 72,525 86,101 75,084 75,318
21 Mortgage-backed 142,065 109,390 79,433 89,797
22 Corporate 89,206 94,054 96,702 103,209
2002, week ending
Item Feb. 6 Feb. 13 Feb. 20 Feb. 27
By type of security
1 U.S. Treasury bills 37,395 41,228 42,734 46,041
Treasury coupon
securities by
maturity
2 Three years or less 116,619 108,801 94,762 154,118
3 More than three but
less than or equal
to six years 91,706 80,396 70,507 82,332
4 More than six but less
than or equal
to eleven years 80,380 71,579 63,140 64,496
5 More than eleven 17,776 15,597 13,833 15,490
6 Inflation-indexed (2) 1,977 1,306 1,798 1,981
Federal agency and
government-sponsored
enterprises
7 Discount notes 57,942 49,799 58,498 50,547
Coupon securities by
maturity
8 Three years or less 11,759 10,542 7,320 11,993
9 More than three
years but less
than or equal to
six years 7,978 10,972 8,197 14,042
10 More than six years
but less than or
equal to eleven
years 7,625 5,737 4,893 5,698
11 More than eleven
years 1,421 1,049 2,755 930
12 Mortgage-backed 137,347 172,382 123,213 105,130
Corporate securities
13 One year or less 75,241 69,444 106,007 96,351
14 More than one year 17,272 20,399 17,147 19,117
By type of counterparty
With interdealer broker
15 U.S. Treasury 159,212 151,247 133,799 170,629
16 Federal agency and
government-sponsored
enterprises 11,346 10,773 9,698 11,518
17 Mortgage-backed 31,671 44,779 31,651 28,067
18 Corporate 517 511 500 592
With other
19 U.S. Treasury 186,642 167,660 152,975 193,829
20 Federal agency and
government-sponsored
enterprises 75,379 67,326 71,966 71,692
21 Mortgage-backed 105,676 127,602 91,562 77,063
22 Corporate 91,997 89,332 122,655 114,876
(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.
Federal Finance
1.43 U.S. GOVERNMENT SECURITIES DEALERS Positions and Financing (1)
Millions of dollars
2002,
week
2001 2002 ending
Item, by type of
security Nov. Dec. Jan. Jan. 2
Net Outright Positions (2)
1 U.S. Treasury bills 19,504 39,006 28,500 42,620
Treasury coupon
securities by
maturity
2 Three years or less -28,331 -26,923 -27,102 24,867
3 More than three
years but
less than or
equal to six
years -23,842 -23,893 -23,434 -21,015
4 More than six but
less than or
equal to eleven
years -10,659 -16,503 -17,847 -16,950
5 More than eleven 10,806 4,361 9,521 6,180
6 Inflation-
indexed 4,378 2,940 3,415 2,518
Federal agency and
government-
sponsored
enterprises
7 Discount notes 49,711 48,745 46,497 52,164
Coupon securities
by maturity
8 Three years or
less 11,372 10,803 13,976 8,846
9 More than three
years but less
than or equal
to six years 583 -1,037 707 -1,315
10 More than six
years but less
than or equal
to eleven
years 1,932 1,788 472 906
11 More than eleven
years 4,482 3,373 3,443 2,858
12 Mortgage-backed 24,212 19,169 13,742 22,623
Corporate securities
13 One year or less 21,057 17,586 18,398 15,359
14 More than one year 35,111 39,165 39,681 36,655
Financing (3)
Securities in, U.S.
Treasury
15 Overnight and
continuing 558,495 537,442 535,446 521,715
16 Term 733,782 714,984 647,354 536,383
Federal agency and
government-spon-
sored enterprises
17 Overnight and
continuing 132,478 127,437 129,702 128,562
18 Term 217,708 241,111 225,861 192,786
Mortgage-backed
securities
19 Overnight and
continuing 29,959 31,406 30,053 27,110
20 Term 226,356 224,217 214,370 198,381
Corporate securities
21 Overnight and
continuing 39,512 37,508 38,652 37,509
22 Term 15,880 18,653 18,926 19,011
MEMO
Reverse repurchase
agreements
23 Overnight and
continuing 367,220 350,965 351,182 336,153
24 Term 1,066,871 1,072,648 973,287 821,078
Securities out, U.S.
Treasury
25 Overnight and
continuing 547,900 528,953 534,249 527,017
26 Term 670,462 662,681 575,817 479,886
Federal agency and
government-spon-
sored enterprises
27 Overnight and
continuing 221,623 219,344 234,069 212,444
28 Term 172,805 194,382 168,381 143,929
Mortgage-backed
securities
29 Overnight and
continuing 277,885 280,666 291,480 280,426
30 Term 147,287 130,237 122,269 99,663
Corporate securities
31 Overnight and
continuing 95,909 95,841 96,593 91,086
32 Term 10,853 10,774 13,607 11,784
MEMO
Repurchase agreements
33 Overnight and
continuing 1,000,031 980,434 1,008,135 965,979
34 Term 981,393 976,295 857,614 714,957
2002, week ending
Item, by type of
security Jan. 9 Jan. 16 Jan. 23 Jan. 30
Net Outright Positions (2)
1 U.S. Treasury bills 33,249 27,423 25,519 24,799
Treasury coupon
securities by
maturity
2 Three years or less -28,418 -28,803 -22,397 -29,185
3 More than three
years but
less than or
equal to six
years -21,873 -22,270 -20,862 -29,186
4 More than six but
less than or
equal to eleven
years -16,529 -20,199 -17,707 -17,922
5 More than eleven 6,520 9,183 10,806 12,145
6 Inflation-
indexed 3,821 3,587 3,201 3,284
Federal agency and
government-
sponsored
enterprises
7 Discount notes 45,193 45,664 45,975 47,310
Coupon securities
by maturity
8 Three years or
less 14,693 15,520 12,253 14,926
9 More than three
years but less
than or equal
to six years 251 1,230 950 1,037
10 More than six
years but less
than or equal
to eleven
years 647 369 -522 1,181
11 More than eleven
years 3,139 3,655 3,566 3,635
12 Mortgage-backed 14,450 13,794 10,463 13,827
Corporate securities
13 One year or less 15,163 22,149 22,170 15,140
14 More than one year 40,489 42,801 39,050 38,054
Financing (3)
Securities in, U.S.
Treasury
15 Overnight and
continuing 533,660 547,103 532,426 531,735
16 Term 613,991 639,951 668,633 688,944
Federal agency and
government-spon-
sored enterprises
17 Overnight and
continuing 130,699 131,050 127,697 128,639
18 Term 214,405 219,175 241,483 236,887
Mortgage-backed
securities
19 Overnight and
continuing 35,054 26,307 30,088 29,214
20 Term 211,031 215,456 212,886 221,669
Corporate securities
21 Overnight and
continuing 37,394 38,368 38,743 40,377
22 Term 18,843 19,628 19,373 17,879
MEMO
Reverse repurchase
agreements
23 Overnight and
continuing 354,006 357,784 340,866 354,943
24 Term 923,572 957,215 1,009,434 1,033,089
Securities out, U.S.
Treasury
25 Overnight and
continuing 539,455 551,760 533,853 512,610
26 Term 539,045 560,825 594,606 627,386
Federal agency and
government-spon-
sored enterprises
27 Overnight and
continuing 229,625 238,539 230,484 241,921
28 Term 161,819 164,897 181,284 172,473
Mortgage-backed
securities
29 Overnight and
continuing 284,172 300,138 300,597 285,391
30 Term 117,515 122,735 130,739 124,565
Corporate securities
31 Overnight and
continuing 92,361 98,700 103,303 94,070
32 Term 13,087 13,737 13,380 14,705
MEMO
Repurchase agreements
33 Overnight and
continuing 987,879 1,042,695 1,020,694 991,196
34 Term 809,152 838,524 896,765 917,280
2002, week ending
Item, by type of
security Feb. 6 Feb. 13 Feb. 20
Net Outright Positions (2)
1 U.S. Treasury bills 21,321 21,238 33,513
Treasury coupon
securities by
maturity
2 Three years or less -28,808 -29,054 -29,903
3 More than three
years but
less than or
equal to six
years -25,085 -24,584 -20,171
4 More than six but
less than or
equal to eleven
years -12,857 -14,206 -13,088
5 More than eleven 12,228 12,804 12,277
6 Inflation-
indexed 3,568 3,432 3,491
Federal agency and
government-
sponsored
enterprises
7 Discount notes 48,092 49,430 50,726
Coupon securities
by maturity
8 Three years or
less 11,943 12,148 12,102
9 More than three
years but less
than or equal
to six years 283 1,810 686
10 More than six
years but less
than or equal
to eleven
years 1,108 1,410 711
11 More than eleven
years 3,065 3,411 3,855
12 Mortgage-backed 13,005 7,461 6,415
Corporate securities
13 One year or less 17,265 15,803 16,330
14 More than one year 34,047 32,251 35,836
Financing (3)
Securities in, U.S.
Treasury
15 Overnight and
continuing 540,922 523,105 558,369
16 Term 714,566 715,048 586,616
Federal agency and
government-spon-
sored enterprises
17 Overnight and
continuing 137,039 141,845 145,829
18 Term 232,479 228,523 213,966
Mortgage-backed
securities
19 Overnight and
continuing 32,797 32,697 37,700
20 Term 221,415 222,147 216,347
Corporate securities
21 Overnight and
continuing 39,006 41,358 41,700
22 Term 18,637 22,074 22,562
MEMO
Reverse repurchase
agreements
23 Overnight and
continuing 361,142 350,895 393,304
24 Term 1,066,578 1,066,793 919,194
Securities out, U.S.
Treasury
25 Overnight and
continuing 543,931 507,440 565,251
26 Term 637,512 647,568 505,379
Federal agency and
government-spon-
sored enterprises
27 Overnight and
continuing 247,259 249,698 253,204
28 Term 168,655 174,082 160,571
Mortgage-backed
securities
29 Overnight and
continuing 282,950 289,354 294,026
30 Term 122,136 134,011 125,271
Corporate securities
31 Overnight and
continuing 93,162 98,645 102,059
32 Term 13,898 16,365 19,887
MEMO
Repurchase agreements
33 Overnight and
continuing 1,022,986 1,003,818 1,072,141
34 Term 924,058 949,954 790,127
(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.
Domestic Financial Statistics [] May 2002
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 Aug. Sept.
1 Federal and federally sponsored
agencies n.a. 2,028,562 2,071,164
2 Federal agencies 276 26,623 27,017
3 Defense Department (1) 6 6 6
4 Export-Import Bank (2),(3) n.a. n.a. n.a.
5 Federal Housing
Administration (4) 26,828 224 231
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 26,617 27,011
9 United States Railway
Association (6) n.a. n.a. n.a.
10 Federally sponsored agencies (7) n.a. 2,001,939 2,044,147
11 Federal Home Loan Banks 623,740 599,070 614,325
12 Federal Home Loan Mortgage
Corporation 565,071 515,671 534,434
13 Federal National Mortgage
Association 763,500 718,000 727,000
14 Farm Credit Banks (8) 76,673 76,264 76,385
15 Student Loan Marketing
Association (9) 48,350 50,356 49,404
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 37,789 42,825
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. 5,155 4,375
26 Rural Electrification
Administration 13,876 13,602 13,599
27 Other 25,220 19,032 30,851
2001
Agency Oct. Nov. Dec.
1 Federal and federally sponsored
agencies 26,781 n.a. n.a.
2 Federal agencies 6 275 276
3 Defense Department (1) n.a. 6 6
4 Export-Import Bank (2),(3) 252 n.a. n.a.
5 Federal Housing
Administration (4) n.a. 26,655 26,828
6 Government National Mortgage
Association certificates of
participation (5) n.a. n.a. n.a.
7 Postal Service (6) 26,775 n.a. n.a.
8 Tennessee Valley Authority n.a. 269 270
9 United States Railway
Association (6) n.a. n.a. n.a.
10 Federally sponsored agencies (7) n.a. n.a. n.a.
11 Federal Home Loan Banks 618,071 617,146 623,740
12 Federal Home Loan Mortgage
Corporation 540,371 546,566 565,071
13 Federal National Mortgage
Association 726,200 737,500 763,500
14 Farm Credit Banks (8) 76,339 75,815 76,673
15 Student Loan Marketing
Association (9) 50,075 51,494 48,350
16 Financing Corporation (10) 8,170 8,170 8,170
17 Farm Credit Financial
Assistance Corporation (11) 1,261 1,261 1,261
18 Resolution Funding
Corporation (12) 29,996 29,996 29,996
MEMO
19 Federal Financing Bank debt (13) 40,574 40,485 39,096
Lending to federal and federally
sponsored agencies
20 Export-Import Bank (3) n.a. n.a. n.a.
21 Postal Service (6) n.a. n.a. n.a.
22 Student Loan Marketing
Association n.a. n.a. n.a.
23 Tennessee Valley Authority n.a. n.a. n.a.
24 United States Railway
Association (6) n.a. n.a. n.a.
Other lending (14)
25 Farmers Home Administration n.a. n.a. n.a.
26 Rural Electrification
Administration 13,698 13,822 13,876
27 Other 26,876 26,663 25,220
(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 July
1 All issues, new and
refunding (1) 215,427 180,403 270,566 19,232
By type of issue
2 General obligation 73,308 64,475 100,519 5,836
3 Revenue 142,120 115,928 170,047 13,396
By type of issuer
4 State 16,376 19,944 30,099 2,029
5 Special district or
statutory authority (2) 152,418 111,695 281,427 11,784
6 Municipality, county, or
township 46,634 39,273 61,040 5,419
7 Issues for new capital 161,065 154,257 192,161 15,015
By use of proceeds
8 Education 36,563 38,665 50,054 3,379
9 Transportation 17,394 19,730 21,411 3,160
10 Utilities and conservation 15,098 11,917 21,917 1,055
11 Social welfare n.a. n.a. n.a. n.a.
12 Industrial aid 9,099 7,122 6,607 508
13 Other purposes 47,896 47,309 55,733 3,803
2001
Type of issue or issuer,
or use Aug. Sept. Oct. Nov.
1 All issues, new and
refunding (1) 21,152 13,159 30,446 30,105
By type of issue
2 General obligation 8,796 3,926 14,302 10,163
3 Revenue 12,356 9,233 16,144 19,942
By type of issuer
4 State 2,713 1,504 6,008 2,271
5 Special district or
statutory authority (2) 12,351 9,137 17,382 21,601
6 Municipality, county, or
township 6,088 2,518 7,056 6,233
7 Issues for new capital 13,550 10,110 21,249 21,009
By use of proceeds
8 Education 2,950 3,017 4,279 4,475
9 Transportation 1,669 1,195 1,587 2,882
10 Utilities and conservation 1,228 1,025 2,324 2,429
11 Social welfare n.a. n.a. n.a. n.a.
12 Industrial aid 708 663 688 359
13 Other purposes 4,524 1,732 9,158 5,281
2001 2002
Type of issue or issuer,
or use Dec. Jan. Feb.
1 All issues, new and
refunding (1) 28,363 20,523 20,175
By type of issue
2 General obligation 9,218 8,157 8,652
3 Revenue 19,146 12,366 11,523
By type of issuer
4 State 746 1,826 3,238
5 Special district or
statutory authority (2) 22,525 14,369 11,950
6 Municipality, county, or
township 5,093 4,329 4,987
7 Issues for new capital 21,389 14,631 13,248
By use of proceeds
8 Education 4,818 4,138 3,961
9 Transportation 1,349 1,079 613
10 Utilities and conservation 2,560 1,711 1,606
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 1,642 539 125
13 Other purposes 6,319 4,639 4,897
(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
2001
Type of issue, offering,
or issuer 1999 2000 2001 June
1 All issues (1) 1,072,866 942,198 1,382,003 122,773
2 Bonds (2) 941,298 807,281 1,253,449 102,476
By type of offering
3 Sold in the United
States 818,683 684,484 1,197,060 96,382
4 Sold abroad 122,615 122,798 56,389 6,094
MEMO
5 Private placements,
domestic 24,703 18,370 8,734 3,146
By industry group
6 Nonfinancial 293,963 242,207 445,930 34,996
7 Financial 647,335 565,074 807,519 67,480
8 Stocks (3) 223,968 283,717 128,554 20,297
By type of offering
9 Public 131,568 134,917 128,554 20,297
10 Private placement (4) 92,400 148,800 n.a. n.a.
By industry group
11 Nonfinancial 110,284 118,369 77,577 16,630
12 Financial 21,284 16,548 50,977 3,667
2001
Type of issue, offering,
or issuer July Aug. Sept. Oct.
1 All issues (1) 93,451 97,944 89,855 139,181
2 Bonds (2) 84,872 89,990 84,509 123,346
By type of offering
3 Sold in the United
States 79,508 86,759 80,223 120,162
4 Sold abroad 5,364 3,231 4,286 3,185
MEMO
5 Private placements,
domestic 12 48 0 224
By industry group
6 Nonfinancial 18,904 28,546 31,920 43,830
7 Financial 65,968 61,443 52,589 79,517
8 Stocks (3) 8,579 7,954 5,346 15,835
By type of offering
9 Public 8,579 7,954 5,346 15,835
10 Private placement (4) n.a. n.a. n.a. n.a.
By industry group
11 Nonfinancial 4,237 5,487 81 7,611
12 Financial 4,342 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) 12,629 15,237 14,447
By type of offering
9 Public 12,629 15,237 14,447
10 Private placement (4) n.a. n.a. n.a.
By industry group
11 Nonfinancial 7,592 7,771 9,579
12 Financial 5,037 7,466 4,868
(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.
Domestic Financial Statistics [] May 2002
1.47 OPEN-END INVESTMENT COMPANIES Net Sales and Assets (l)
Millions of dollars
2001
Item 2000 2001 July Aug.
1 Sales of own
shares (2) 2,279,315 1,806,474 138,428 142,577
2 Redemptions of own
shares 2,057,277 1,677,266 129,021 131,408
3 Net sales (3) 222,038 129,208 9,407 11,169
4 Assets (4) 5,123,747 4,689,624 4,825,144 4,635,477
5 Cash (5) 277,386 219,620 240,392 240,329
6 Other 4,846,361 4,470,004 4,584,752 4,395,148
2001
Item Sept. Oct. Nov. Dec.
1 Sales of own
shares (2) 105,038 153,827 147,192 151,779
2 Redemptions of own
shares 127,995 137,837 124,060 149,705
3 Net sales (3) -22,957 15,990 23,132 2,074
4 Assets (4) 4,253,850 4,376,923 4,625,601 4,689,624
5 Cash (5) 223,077 229,576 239,671 219,620
6 Other 4,030,773 4,147,347 4,385,930 4,470,004
2002
Item Jan. (r) Feb.
1 Sales of own
shares (2) 171,499 140,747
2 Redemptions of own
shares 138,773 123,044
3 Net sales (3) 32,726 17,703
4 Assets (4) 4,667,688 4,618,955
5 Cash (5) 240,141 234,575
6 Other 4,427,547 4,384,380
(1.) Data include stock, hybrid, and bond mutual funds and
exclude money market mutual funds.
(2.) Excludes reinvestment of net income dividends and capital
gains distributions and share issue of conversions from one
fund to another in the same group.
(3.) Excludes sales and redemptions resulting from transfers
of shares into or out of money market mutual funds within the
same fund family.
(4.) Market value at end of period, less current liabilities.
(5.) Includes all U.S. Treasury securities and other short-term
debt securities.
SOURCE. Investment Company Institute. Data based on reports of
membership, which comprises substantially all open-end investment
companies registered with the Securities and Exchange Commission.
Data reflect underwritings of newly formed companies after their
initial offering of securities.
1.48 CORPORATE PROFITS AND THEIR DISTRIBUTION
Billions of dollars; quarterly data at seasonally adjusted annual rates
2000
Account 1999 2000 2001 Q1 Q2
1 Profits with
inventory
valuation and
capital consump-
tion adjustment 825.2 876.4 767.1 870.3 892.8
2 Profits before taxes 776.3 845.4 698.5 844.9 862.0
3 Profits-tax
liability 253.0 271.5 216.0 277.0 280.4
4 Profits after tax 523.3 573.9 482.5 567.8 581.6
5 Dividends 343.5 379.6 416.6 361.5 373.7
6 Undistributed
profits 179.8 194.3 65.9 206.3 207.9
7 Inventory valuation -2.9 -12.4 2.2 -23.8 -14.8
8 Capital consumption
adjustment 51.7 43.4 66.4 (r) 49.2 45.5
2000 2001
Account Q3 Q4 Q1 Q2 Q3
1 Profits with
inventory
valuation and
capital consump-
tion adjustment 895.0 847.6 789.8 759.8 697.0
2 Profits before taxes 858.3 816.5 755.7 738.3 680.6
3 Profits-tax
liability 274.9 253.5 236.8 228.0 204.9
4 Profits after tax 583.4 563.0 518.9 510.3 475.6
5 Dividends 386.2 397.0 405.2 412.3 420.4
6 Undistributed
profits 197.2 165.9 113.7 98.0 55.2
7 Inventory valuation -3.6 -7.3 -1.9 -8.8 3.1
8 Capital consumption
adjustment 40.4 38.4 36.0 30.3 13.4
2001
Account Q4
1 Profits with
inventory
valuation and
capital consump-
tion adjustment 822.0
2 Profits before taxes 619.4
3 Profits-tax
liability 194.1
4 Profits after tax 425.2
5 Dividends 428.7
6 Undistributed
profits -3.5
7 Inventory valuation 16.6
8 Capital consumption
adjustment 186.1 (r)
SOURCE. U.S. Department of Commerce. Survey of Current Business.
1.51 DOMESTIC FINANCE COMPANIES Assets and Liabilities (1)
Billions of dollars, end of period; not seasonally adjusted
Account 1999 2000 2001
ASSETS
1 Accounts receivable, gross
(2) 845.4 958.6 970.9
2 Consumer 304.4 327.9 340.2
3 Business 395.1 458.4 447.0
4 Real estate 145.8 172.3 183.7
5 LESS: Reserves for unearned
income 61.4 69.7 60.7
6 Reserves for losses 14.7 16.7 20.2
7 Accounts receivable, net 769.3 872.2 890.1
8 All other 406.6 461.5 500.1
9 Total assets 1,175.9 1,333.7 1,390.1
LIABILITIES AND CAPITAL
10 Bank loans 35.4 35.9 49.4
11 Commercial paper 230.4 238.8 157.3
Debt
12 Owed to parent 87.8 102.5 99.5
13 Not elsewhere classified 429.9 502.2 564.1
14 All other liabilities 237.8 301.8 330.8
15 Capital, surplus, and
undivided profits 154.5 152.5 189.1
16 Total liabilities and
capital 1,175.9 1,333.7 1,390.1
2000
Account Q2 Q3 Q4
ASSETS
1 Accounts receivable, gross
(2) 921.5 939.9 958.6
2 Consumer 321.8 331.5 327.9
3 Business 441.9 443.0 458.4
4 Real estate 157.7 165.4 172.3
5 LESS: Reserves for unearned
income 66.1 68.3 69.7
6 Reserves for losses 15.7 15.6 16.7
7 Accounts receivable, net 839.6 856.1 872.2
8 All other 419.4 442.3 461.5
9 Total assets 1,259.0 1,298.4 1,333.7
LIABILITIES AND CAPITAL
10 Bank loans 32.8 35.7 35.9
11 Commercial paper 224.3 218.8 238.8
Debt
12 Owed to parent 95.1 100.0 102.5
13 Not elsewhere classified 483.7 507.3 502.2
14 All other liabilities 277.5 288.1 301.8
15 Capital, surplus, and
undivided profits 145.7 148.5 152.5
16 Total liabilities and
capital 1,259.0 1,298.4 1,333.7
2000
Account Q1 Q2 Q3 Q4
ASSETS
1 Accounts receivable, gross
(2) 954.4 988.7 967.7 970.9
2 Consumer 319.2 324.5 329.2 340.2
3 Business 459.1 481.9 451.1 447.0
4 Real estate 176.1 182.3 187.4 183.7
5 LESS: Reserves for unearned
income 69.9 61.5 60.8 60.7
6 Reserves for losses 17.2 17.4 18.0 20.2
7 Accounts receivable, net 867.3 909.7 888.9 890.1
8 All other 474.8 459.0 478.8 500.1
9 Total assets 1,342.1 1,368.7 1,367.7 1,390.1
LIABILITIES AND CAPITAL
10 Bank loans 41.6 45.3 44.5 49.4
11 Commercial paper 180.9 181.6 171.0 157.3
Debt
12 Owed to parent 97.2 93.4 91.7 99.5
13 Not elsewhere classified 533.8 542.1 555.8 564.1
14 All other liabilities 325.1 336.3 327.6 330.8
15 Capital, surplus, and
undivided profits 163.5 170.0 177.2 189.1
16 Total liabilities and
capital 1,342.1 1,368.7 1,367.7 1,390.1
(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.
Securities markets and Corporate Finance
1.52 DOMESTIC FINANCE COMPANIES Owned and Managed Receivables (1)
Billions of dollars, amounts outstanding
Type of credit 1999 2000 2001 (r)
Seasonally adjusted
1 Total 1,031.2 (r) 1,186.9 (r) 1,251.6
2 Consumer 410.2 (r) 465.2 (r) 513.9
3 Real estate 174.0 198.9 211.6
4 Business 446.9 (r) 522.8 (r) 562.2
Not seasonally adjusted
5 Total 1,036.4 1,192.1 1,256.9
6 Consumer 412.7 468.3 517.4
7 Motor vehicle loans 129.2 141.6 174.1
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 97.1 131.7
12 Motor vehicle
leases 9.7 6.6 6.8
13 Revolving 6.7 19.6 24.3
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 Aug. Sept. Oct.
Seasonally adjusted
1 Total 1,243.7 (r) 1,246.7 (r) 1,255.3 (r)
2 Consumer 496.1 (r) 496.0 (r) 499.4 (r)
3 Real estate 214.9 213.1 219.7
4 Business 532.6 (r) 537.6 (r) 536.1 (r)
Not seasonally adjusted
5 Total 1,235.7 1,239.5 1,250.1
6 Consumer 498.2 498.0 501.1
7 Motor vehicle loans 153.5 151.6 164.6
8 Motor vehicle leases 110.3 108.3 107.3
9 Revolving (2) 36.0 35.9 28.5
10 Other (3) 33.6 33.4 31.2
Securitized
assets (4)
11 Motor vehicle loans 113.5 117.5 124.3
12 Motor vehicle
leases 7.2 7.0 6.9
13 Revolving 28.9 29.3 23.5
14 Other 15.2 15.0 14.8
15 Real estate 214.9 213.1 219.7
16 One- to four-family 146.9 144.8 150.1
17 Other 42.2 42.6 44.1
Securitized real
estate assets (4)
18 One- to four-family 23.0 22.8 22.7
19 Other 2.8 2.9 2.9
20 Business 522.6 528.4 529.3
21 Motor vehicles 56.9 57.8 52.7
22 Retail loans 16.7 16.7 16.8
23 Wholesale loans (5) 22.2 23.6 18.7
24 Leases 18.0 17.5 17.2
25 Equipment 288.4 288.2 294.4
26 Loans 76.1 76.8 80.2
27 Leases 212.3 211.4 214.1
28 Other business
receivables (6) 103.2 105.1 108.3
Securitized
assets (4)
29 Motor vehicles 45.2 48.0 45.3
30 Retail loans 2.8 2.6 2.4
31 Wholesale loans 39.8 42.8 40.3
32 Leases 2.6 2.7 2.7
33 Equipment 22.7 23.1 22.5
34 Loans 14.8 15.1 14.5
35 Leases 7.9 8.0 8.0
36 Other business
receivables (6) 6.2 6.1 6.1
2001 2002
Type of credit Nov. Dec. (r) Jan.
Seasonally adjusted
1 Total 1,262.0 (r) 1,251.6 1,241.7
2 Consumer 511.0 (r) 513.9 517.1
3 Real estate 213.1 211.6 205.3
4 Business 537.9 (r) 526.2 519.2
Not seasonally adjusted
5 Total 1,256.3 1,256.9 1,245.7
6 Consumer 514.2 517.4 517.9
7 Motor vehicle loans 177.4 174.1 174.3
8 Motor vehicle leases 105.5 103.5 102.8
9 Revolving (2) 30.2 31.5 29.9
10 Other (3) 31.4 31.1 31.3
Securitized
assets (4)
11 Motor vehicle loans 124.8 131.7 135.0
12 Motor vehicle
leases 7.0 6.8 6.7
13 Revolving 23.4 24.3 23.9
14 Other 14.5 14.3 13.8
15 Real estate 213.1 211.6 205.3
16 One- to four-family 142.9 142.5 118.3
17 Other 44.9 41.2 41.0
Securitized real
estate assets (4)
18 One- to four-family 22.4 22.2 40.3
19 Other 2.9 5.7 5.7
20 Business 529.0 527.9 522.5
21 Motor vehicles 52.9 54.0 51.9
22 Retail loans 16.2 16.1 16.4
23 Wholesale loans (5) 19.5 20.3 17.9
24 Leases 17.2 17.6 17.6
25 Equipment 291.8 289.4 287.4
26 Loans 76.7 77.8 75.9
27 Leases 215.1 211.6 211.5
28 Other business
receivables (6) 110.8 103.5 103.8
Securitized
assets (4)
29 Motor vehicles 43.9 50.1 49.1
30 Retail loans 3.0 5.1 4.7
31 Wholesale loans 38.3 42.5 41.9
32 Leases 2.7 2.5 2.5
33 Equipment 23.4 23.2 22.7
34 Loans 15.5 16.4 15.9
35 Leases 7.9 6.8 6.8
36 Other business
receivables (6) 6.2 7.7 7.7
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.
Domestic Financial Statistics [] May 2002
1.53 MORTGAGE MARKETS Mortgages on New Homes
Millions of dollars except as noted
2001
Item 1999 2000 2001 Aug.
Terms and yields in primary
and secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of
dollars) 210.7 234.5 245.0 241.5
2 Amount of loan (thousands of
dollars) 161.7 177.0 184.2 181.3
3 Loan-to-price ratio
(percent) 78.7 77.4 77.3 76.6
4 Maturity (years) 28.8 29.2 28.8 28.7
5 Fees and charges (percent of
loan amount) (2) .77 .70 .67 .61
Yield (percent per year)
6 Contract rate (1) 6.94 7.41 6.90 7.06
7 Effective rate (1),(3) 7.06 7.52 7.00 7.15
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 6.29
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 22,111
Mortgage commitments
(during period)
15 Issued (7) 187,948 163,689 304,084 18,893
16 To sell (8) 5,900 11,786 7,586 36
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage holdings (end
of period) (8)
17 Total 324,443 385,693 491,719 465,553
18 FHA/VA insured 1,836 3,332 3,506 2,643
19 Conventional 322,607 382,361 488,213 462,910
Mortgage transactions
(during period)
20 Purchases 239,793 174,043 n.a. n.a.
21 Sales 233,031 166,901 389,611 33,933
22 Mortgage commitments
contracted (during
period) (9) 228,432 169,231 417,434 34,087
2001
Item Sept. Oct. Nov.
Terms and yields in
primary and
secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of
dollars) 246.6 242.9 252.2
2 Amount of loan (thousands of
dollars) 184.3 181.2 189.1
3 Loan-to-price ratio
(percent) 77.1 76.9 77.2
4 Maturity (years) 29.0 28.5 28.6
5 Fees and charges (percent of
loan amount) (2) .61 .67 .63
Yield (percent per year)
6 Contract rate (1) 6.80 6.63 6.54
7 Effective rate (1),(3) 6.89 6.73 6.63
8 Contract rate (HUD
series) (4) n.a. n.a. n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section
203) (5) n.a. n.a. n.a.
10 GNMA securities (6) 6.03 5.86 5.96
Activity in
secondary markets
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
Mortgage holdings
(end of period)
11 Total n.a. n.a. n.a.
12 FHA/VA insured n.a. n.a. n.a.
13 Conventional n.a. n.a. n.a.
14 Mortgage transactions
purchased (during period) 16,016 20,020 25,389
Mortgage commitments
(during period)
15 Issued (7) 16,650 35,275 49,909
16 To sell (8) 261 1,676 807
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage holdings (end
of period) (8)
17 Total 470,850 477,588 483,911
18 FHA/VA insured 2,597 2,553 3,562
19 Conventional 468,253 475,035 480,349
Mortgage transactions
(during period)
20 Purchases n.a. n.a. n.a.
21 Sales 32,666 31,646 38,958
22 Mortgage commitments
contracted (during
period) (9) 31,140 41,346 42,619
2001 2002
Item Dec. Jan. Feb.
Terms and yields in
primary and
secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of
dollars) 253.0 245.8 250.6
2 Amount of loan (thousands of
dollars) 190.0 186.7 190.1
3 Loan-to-price ratio
(percent) 77.2 78.1 78.2
4 Maturity (years) 28.9 28.8 28.8
5 Fees and charges (percent of
loan amount) (2) .69 .66 .62
Yield (percent per year)
6 Contract rate (1) 6.68 6.77 6.72
7 Effective rate (1),(3) 6.79 6.87 6.82
8 Contract rate (HUD
series) (4) n.a. n.a. n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section
203) (5) n.a. n.a. n.a.
10 GNMA securities (6) 6.43 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.
12 FHA/VA insured n.a. n.a. n.a.
13 Conventional n.a. n.a. n.a.
14 Mortgage transactions
purchased (during period) 36,769 36,392 33,249
Mortgage commitments
(during period)
15 Issued (7) 19,867 n.a. n.a.
16 To sell (8) 2,083 n.a. n.a.
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage holdings (end
of period) (8)
17 Total 491,719 508,238 522,886
18 FHA/VA insured 3,506 3,447 3,387
19 Conventional 488,213 504,791 519,499
Mortgage transactions
(during period)
20 Purchases n.a. n.a. n.a.
21 Sales 50,532 49,031 47,473
22 Mortgage commitments
contracted (during
period) (9) 51,456 47,076 41,442
(1) Weighted averages based on sample surveys of mortgages originated
by major institutional lender groups for purchase of newly built homes;
compiled by the Federal Housing Finance Board in cooperation with the
Federal Deposit Insurance Corporation.
(2.) Includes all fees, commissions, discounts, and "points" paid (by
the borrower or the seller) to obtain a loan.
(3.) Average effective interest rate on loans closed for purchase of
newly built homes, assuming prepayment at the end of ten years.
(4.) Average contract rate on new commitments for conventional first
mortgages; from U.S. Department of Housing and Urban Development
(HUD). Based on transactions on the first day of the subsequent month.
(5.) Average gross yield on thirty-year, minimum-downpayment first
mortgages insured by the Federal Housing Administration (FHA) for
immediate delivery in the private secondary market. Based on
transactions on first day of subsequent month.
(6.) Average net yields to investors on fully modified pass-through
securities backed by mortgages and guaranteed by the Government
National Mortgage Association (GNMA), assuming prepayment in twelve
years on pools of thirty-year mortgages insured by the Federal
Housing Administration or guaranteed by the Department of Veterans
Affairs.
(7.) Does not include standby commitments issued, but includes standby
commitments converted.
(8.) Includes participation loans as well as whole loans.
(9.) Includes conventional and government-underwritten loans. The
Federal Home Loan Mortgage Corporation's mortgage commitments and
mortgage transactions include activity under mortgage securities swap
programs, whereas the corresponding data for the Federal
National Mortgage Association exclude swap activity.
Real Estate
1.54 MORTGAGE DEBT OUTSTANDING (1)
Millions of dollars, end of period
Type of holder and property 1998 1999 2000
1 All holders 5,722,564 6,360,244 6,934,256
By type of property
2 One- to four-family residences 4,368,902 4,804,019 5,224,846
3 Multifamily residences 333,969 376,771 413,358
4 Nonfarm, nonresidential 923,186 1,076,492 1,187,217
5 Farm 96,506 102,962 108,836
By type of holder
6 Major financial institutions 2,195,869 2,396,265 2,620,886
7 Commercial banks (2) 1,338,273 1,496,844 1,661,411
8 One- to four-family 798,009 880,208 966,502
9 Multifamily 54,174 67,666 77,821
10 Nonfarm, nonresidential 457,054 517,130 583,071
11 Farm 29,035 31,839 34,016
12 Savings institutions (3) 643,957 668,634 723,534
13 One- to four-family 533,895 549,046 595,053
14 Multifamily 56,847 59,168 61,094
15 Nonfarm, nonresidential 52,798 59,945 66,852
16 Farm 417 475 535
17 Life insurance companies 213,640 230,787 235,941
18 One- to four-family 6,590 5,934 4,903
19 Multifamily 31,522 32,818 33,681
20 Nonfarm, nonresidential 164,004 179,048 183,757
21 Farm 11,524 12,987 13,600
22 Federal and related agencies 293,602 322,132 343,962
23 Government National Mortgage
Association 7 7 6
24 One- to four-family 7 7 6
25 Multifamily 0 0 0
26 Farmers Home
Administration (4) 40,851 73,871 73,323
27 One- to four-family 16,895 16,506 16,372
28 Multifamily 11,739 11,741 11,733
29 Nonfarm, nonresidential 7,705 41,355 41,070
30 Farm 4,513 4,268 4,148
31 Federal Housing and
Veterans' Administrations 3,674 3,712 3,507
32 One- to four-family 1,849 1,851 1,308
33 Multifamily 1,825 1,861 2,199
34 Resolution Trust Corporation 24 -10 -892
35 One- to four-family 0 0 0
36 Multifamily 0 0 0
37 Nonfarm, nonresidential 0 0 0
38 Farm 0 0 0
39 Federal Deposit Insurance
Corporation 361 152 45
40 One- to four-family 58 25 7
41 Multifamily 70 29 9
42 Nonfarm, nonresidential 233 98 29
43 Farm 0 0 0
44 Federal National Mortgage
Association 157,675 151,500 155,363
45 One- to four-family 147,594 141,195 144,150
46 Multifamily 10,081 10,305 11,213
47 Federal Land Banks 32,983 34,187 36,326
48 One- to four-family 1,941 2,012 2,137
49 Farm 0 0 0
50 Federal Home Loan Mortgage
Corporation 57,085 56,676 59,240
51 One- to four-family 49,106 44,321 42,871
52 Multifamily 7,979 12,355 16,369
53 Mortgage pools or trusts (5) 2,581,395 2,948,294 3,231,426
54 Government National Mortgage
Association 537,446 582,263 611,553
55 One- to four-family 522,498 565,189 592,624
56 Multifamily 14,948 17,074 18,929
57 Federal Home Loan Mortgage
Corporation 646,459 749,081 822,310
58 One- to four-family 643,465 744,619 816,602
59 Multifamily 2,994 4,462 5,708
60 Federal National Mortgage
Association 834,517 960,883 1,057,750
61 One- to four-family 804,204 924,941 1,016,398
62 Multifamily 30,313 35,942 41,352
63 Farmers Home
Administration (4) 1 0 0
64 One- to four-family 0 0 0
65 Multifamily 0 0 0
66 Nonfarm, nonresidential 0 0 0
67 Farm 1 0 0
68 Private mortgage conduits 562,972 656,067 739,813
69 One- to four-family (6) 405,153 455,021 499,834
70 Multifamily 33,784 42,293 48,786
71 Nonfarm, nonresidential 124,035 158,754 191,193
72 Farm 0 0 0
73 Individuals and others (7) 651,697 693,553 737,983
74 One- to four-family 436,684 471,348 510,148
75 Multifamily 77,684 80,826 84,243
76 Nonfarm, nonresidential 117,355 120,162 121,244
77 Farm 19,974 21,217 22,348
2000 2001
Type of holder and property Q4 Q1 Q2
1 All holders 6,934,256 7,056,489 7,266,508
By type of property
2 One- to four-family residences 5,224,846 5,318,138 5,476,209
3 Multifamily residences 413,358 421,532 433,213
4 Nonfarm, nonresidential 1,187,217 1,206,945 1,244,035
5 Farm 108,836 109,873 113,050
By type of holder
6 Major financial institutions 2,620,886 2,664,837 2,716,269
7 Commercial banks (2) 1,661,411 1,688,673 1,727,463
8 One- to four-family 966,502 978,144 999,396
9 Multifamily 77,821 79,890 80,542
10 Nonfarm, nonresidential 583,071 596,405 612,366
11 Farm 34,016 34,234 35,159
12 Savings institutions (3) 723,534 741,114 751,660
13 One- to four-family 595,053 608,289 616,506
14 Multifamily 61,094 62,666 63,193
15 Nonfarm, nonresidential 66,852 69,589 71,378
16 Farm 535 569 583
17 Life insurance companies 235,941 235,050 237,146
18 One- to four-family 4,903 4,877 5,003
19 Multifamily 33,681 33,557 33,842
20 Nonfarm, nonresidential 183,757 183,078 184,634
21 Farm 13,600 13,538 13,667
22 Federal and related agencies 343,962 346,276 355,218
23 Government National Mortgage
Association 6 6 6
24 One- to four-family 6 6 6
25 Multifamily 0 0 0
26 Farmers Home
Administration (4) 73,323 73,361 73,206
27 One- to four-family 16,372 16,297 16,153
28 Multifamily 11,733 11,725 11,720
29 Nonfarm, nonresidential 41,070 41,247 41,262
30 Farm 4,148 4,093 4,072
31 Federal Housing and
Veterans' Administrations 3,507 2,873 2,918
32 One- to four-family 1,308 1,276 1,267
33 Multifamily 2,199 1,597 1,651
34 Resolution Trust Corporation 0 0 0
35 One- to four-family 0 0 0
36 Multifamily 0 0 0
37 Nonfarm, nonresidential 0 0 0
38 Farm 0 0 0
39 Federal Deposit Insurance
Corporation 45 50 24
40 One- to four-family 7 8 4
41 Multifamily 9 10 5
42 Nonfarm, nonresidential 29 32 15
43 Farm 0 0 0
44 Federal National Mortgage
Association 155,363 156,294 159,221
45 One- to four-family 144,150 145,014 147,730
46 Multifamily 11,213 11,280 11,491
47 Federal Land Banks 36,326 37,072 38,686
48 One- to four-family 2,137 2,181 2,276
49 Farm 0 0 0
50 Federal Home Loan Mortgage
Corporation 59,240 60,110 61,542
51 One- to four-family 42,871 42,771 42,537
52 Multifamily 16,369 17,339 19,005
53 Mortgage pools or trusts (5) 3,231,426 3,301,680 3,438,372
54 Government National Mortgage
Association 611,553 601,523 595,679
55 One- to four-family 592,624 581,743 574,888
56 Multifamily 18,929 19,780 20,792
57 Federal Home Loan Mortgage
Corporation 822,310 833,616 873,750
58 One- to four-family 816,602 827,769 867,924
59 Multifamily 5,708 5,847 5,826
60 Federal National Mortgage
Association 1,057,750 1,099,049 1,163,978
61 One- to four-family 1,016,398 1,055,412 1,116,534
62 Multifamily 41,352 43,637 47,444
63 Farmers Home
Administration (4) 0 0 0
64 One- to four-family 0 0 0
65 Multifamily 0 0 0
66 Nonfarm, nonresidential 0 0 0
67 Farm 0 0 0
68 Private mortgage conduits 739,813 767,492 804,965
69 One- to four-family (6) 499,834 523,300 539,200
70 Multifamily 48,786 49,026 51,662
71 Nonfarm, nonresidential 191,193 195,166 214,103
72 Farm 0 0 0
73 Individuals and others (7) 737,983 743,696 756,649
74 One- to four-family 510,148 514,759 527,387
75 Multifamily 84,243 84,961 85,827
76 Nonfarm, nonresidential 121,244 121,428 120,276
77 Farm 22,348 22,547 23,160
2001
Type of holder and property Q3 Q4
1 All holders 7,465,623 7,658,000
By type of property
2 One- to four-family residences 5,622,701 5,757,906
3 Multifamily residences 446,925 460,605
4 Nonfarm, nonresidential 1,281,332 1,324,179
5 Farm 114,666 115,310
By type of holder
6 Major financial institutions 2,737,607 2,792,020
7 Commercial banks (2) 1,740,321 1,793,061
8 One- to four-family 989,081 1,024,842
9 Multifamily 84,051 84,981
10 Nonfarm, nonresidential 631,757 647,669
11 Farm 35,432 35,569
12 Savings institutions (3) 758,343 758,109
13 One- to four-family 620,882 620,975
14 Multifamily 64,193 64,323
15 Nonfarm, nonresidential 72,695 72,275
16 Farm 574 536
17 Life insurance companies 238,943 240,850
18 One- to four-family 5,085 5,187
19 Multifamily 33,842 33,947
20 Nonfarm, nonresidential 186,235 187,673
21 Farm 13,781 14,043
22 Federal and related agencies 360,906 373,050
23 Government National Mortgage
Association 9 8
24 One- to four-family 9 8
25 Multifamily 0 0
26 Farmers Home
Administration (4) 72,118 72,452
27 One- to four-family 15,916 15,824
28 Multifamily 11,710 11,712
29 Nonfarm, nonresidential 40,470 40,965
30 Farm 4,023 3,952
31 Federal Housing and
Veterans' Administrations 3,155 3,290
32 One- to four-family 1,251 1,260
33 Multifamily 1,904 2,031
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 26 13
40 One- to four-family 4 2
41 Multifamily 5 3
42 Nonfarm, nonresidential 17 8
43 Farm 0 0
44 Federal National Mortgage
Association 163,592 167,121
45 One- to four-family 151,786 155,060
46 Multifamily 11,806 12,061
47 Federal Land Banks 39,722 39,722
48 One- to four-family 2,337 2,337
49 Farm 0 0
50 Federal Home Loan Mortgage
Corporation 59,638 62,793
51 One- to four-family 39,217 40,310
52 Multifamily 20,421 22,483
53 Mortgage pools or trusts (5) 3,593,772 3,717,398
54 Government National Mortgage
Association 603,798 589,458
55 One- to four-family 582,408 567,550
56 Multifamily 21,391 21,908
57 Federal Home Loan Mortgage
Corporation 927,490 948,409
58 One- to four-family 921,709 940,933
59 Multifamily 5,781 7,476
60 Federal National Mortgage
Association 1,228,131 1,290,351
61 One- to four-family 1,177,995 1,238,125
62 Multifamily 50,136 52,226
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 834,353 889,180
69 One- to four-family (6) 550,021 574,500
70 Multifamily 54,522 60,158
71 Nonfarm, nonresidential 229,810 254,522
72 Farm 0 0
73 Individuals and others (7) 773,337 775,532
74 One- to four-family 542,568 543,553
75 Multifamily 86,950 87,087
76 Nonfarm, nonresidential 120,348 121,067
77 Farm 23,471 23,825
(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.
Domestic Financial Statistics [] May 2002
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 (r) 1,560,571 (r) 1,651,870
2 Revolving 597,669 (r) 666,544 (r) 691,242
3 Nonrevolving (2) 818,647 (r) 894,027 (r) 960,628
Not seasonally adjusted
4 Total 1,446,127 1,593,051 1,685,409
By major holder
5 Commercial banks 499,758 541,470 553,662
6 Finance companies 201,549 219,783 236,699
7 Credit unions 167,921 184,434 186,286
8 Savings institutions 61,527 64,557 68,028
9 Nonfinancial business 80,311 82,662 67,891
10 Pools of securitized
assets (3) 435,061 500,145 572,843
By major type of
credit (4)
11 Revolving 621,914 692,955 718,326
12 Commercial banks 189,352 218,063 223,272
13 Finance companies 32,483 37,561 31,484
14 Credit unions 20,641 22,226 22,819
15 Savings institutions 15,838 16,560 16,979
16 Nonfinancial business 42,783 42,430 29,790
17 Pools of securitized
assets (3) 320,817 356,114 393,983
18 Nonrevolving 824,213 900,095 967,084
19 Commercial banks 310,406 323,407 330,391
20 Finance companies 169,066 182,221 205,216
21 Credit unions 147,280 162,208 163,467
22 Savings institutions 45,689 47,997 51,049
23 Nonfinancial business 37,528 40,232 38,100
24 Pools of securitized 114,244 144,031 178,861
assets (3)
2001
Holder and type of credit Aug. (r) Sept. (r) Oct. (r)
Seasonally adjusted
1 Total 1,616,228 1,620,752 1,633,515
2 Revolving 690,144 691,122 690,749
3 Nonrevolving (2) 926,084 929,630 942,765
Not seasonally adjusted
4 Total 1,617,759 1,619,109 1,633,430
By major holder
5 Commercial banks 537,723 535,254 540,498
6 Finance companies 223,079 220,884 224,260
7 Credit unions 186,274 185,732 185,523
8 Savings institutions 67,470 68,535 68,364
9 Nonfinancial business 63,304 60,204 58,763
10 Pools of securitized
assets (3) 539,909 548,499 556,023
By major type of
credit (4)
11 Revolving 687,004 686,173 684,685
12 Commercial banks 206,145 202,924 209,697
13 Finance companies 35,979 35,901 28,489
14 Credit unions 22,195 21,879 21,666
15 Savings institutions 16,740 16,915 16,936
16 Nonfinancial business 27,603 25,207 23,709
17 Pools of securitized
assets (3) 378,343 383,346 384,187
18 Nonrevolving 930,756 932,936 948,745
19 Commercial banks 331,579 332,330 330,800
20 Finance companies 187,100 184,983 195,771
21 Credit unions 164,079 163,853 163,857
22 Savings institutions 50,730 51,620 51,428
23 Nonfinancial business 35,702 34,997 35,054
24 Pools of securitized 161,566 165,153 171,836
assets (3)
2001 2002
Holder and type of credit Nov. (r) Dec. (r) Jan.
Seasonally adjusted
1 Total 1,653,474 1,651,870 1,668,133
2 Revolving 698,049 691,242 693,597
3 Nonrevolving (2) 955,426 960,628 974,537
Not seasonally adjusted
4 Total 1,661,001 1,685,409 1,681,190
By major holder
5 Commercial banks 550,072 553,662 556,714
6 Finance companies 239,057 236,699 235,566
7 Credit unions 186,070 186,286 185,058
8 Savings institutions 68,199 68,028 68,729
9 Nonfinancial business 60,383 67,891 63,148
10 Pools of securitized
assets (3) 557,220 572,843 571,976
By major type of
credit (4)
11 Revolving 697,677 718,326 704,998
12 Commercial banks 219,555 223,272 218,099
13 Finance companies 30,245 31,484 29,932
14 Credit unions 22,044 22,819 22,256
15 Savings institutions 16,957 16,979 16,970
16 Nonfinancial business 24,463 29,790 26,280
17 Pools of securitized
assets (3) 384,413 393,983 391,461
18 Nonrevolving 963,324 967,084 976,193
19 Commercial banks 330,517 330,391 338,616
20 Finance companies 208,812 205,216 205,634
21 Credit unions 164,026 163,467 162,802
22 Savings institutions 51,242 51,049 51,759
23 Nonfinancial business 35,921 38,100 36,868
24 Pools of securitized 172,808 178,861 180,515
assets (3)
(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 July Aug.
INTEREST RATES
Commercial banks (2)
1 48-month new car 8.44 9.34 8.50 n.a. 8.31
2 24-month personal 13.39 13.90 13.22 n.a. 13.25
Credit card plan
3 All accounts 15.21 15.71 14.89 n.a. 14.60
4 Accounts assessed
interest 14.81 14.91 14.44 n.a. 14.64
Auto finance companies
5 New car 6.66 6.61 5.65 6.20 6.41
6 Used car 12.60 13.55 12.18 11.79 12.06
OTHER TERMS (3)
Maturity (months)
7 New car 52.7 54.9 55.1 57.3 57.7
8 Used car 55.9 57.0 57.5 57.6 57.6
Loan-to-value ratio
9 New car 92 92 91 91 91
10 Used car 99 99 100 100 100
Amount financed
(dollars)
11 New car 19,880 20,923 22,822 22,687 22,591
12 Used car 13,642 14,058 14,416 14,571 14,321
2001 2002
Item Sept. Oct. Nov. Dec. Jan.
INTEREST RATES
Commercial banks (2)
1 48-month new car n.a. n.a. 7.86 n.a. n.a.
2 24-month personal n.a. n.a. 12.62 n.a. n.a.
Credit card plan
3 All accounts n.a. n.a. 14.22 n.a. n.a.
4 Accounts assessed
interest n.a. n.a. 13.88 n.a. n.a.
Auto finance companies
5 New car 5.42 2.71 2.89 3.31 4.02
6 Used car 12.01 11.41 10.96 10.89 10.84
OTHER TERMS (3)
Maturity (months)
7 New car 57.2 53.7 51.0 48.6 48.8
8 Used car 57.6 57.2 56.7 56.5 57.3
Loan-to-value ratio
9 New car 92 94 92 91 90
10 Used car 101 100 100 100 100
Amount financed
(dollars)
11 New car 23,049 24,443 24,934 24,812 24,137
12 Used car 14,408 14,627 14,669 14,653 14,355
(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 1999
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 733.7 804.7 1,046.9 1,100.6
By sector and instrument
2 Federal government 145.0 23.1 -52.6 -71.2
3 Treasury securities 146.6 23.2 -54.6 -71.0
4 Budget agency securities
and mortgages -1.6 -.1 -2.0 -.2
5 Nonfederal 588.6 781.6 1,099.5 1,171.8
By instrument
6 Commercial paper -.9 13.7 24.4 37.4
7 Municipal securities and
loans 2.6 71.4 96.8 68.2
8 Corporate bonds 116.3 150.5 218.7 229.9
9 Bank loans n.e.c. 70.4 106.4 108.1 82.6
10 Other loans and advances 28.7 59.5 82.1 57.1
11 Mortgages 280.4 322.5 494.4 597.1
12 Home 245.7 258.3 388.7 435.0
13 Multifamily residential 9.4 7.5 23.5 40.5
14 Commercial 22.6 53.5 75.6 115.8
15 Farm 2.7 3.1 6.5 5.8
16 Consumer credit 91.3 57.5 75.0 99.5
By borrowing sector
17 Household 343.8 332.7 466.0 516.8
18 Nonfinancial business 251.6 392.8 553.2 602.6
19 Corporate 179.4 291.9 405.5 441.7
20 Nonfarm noncorporate 67.3 94.7 139.7 155.4
21 Farm 4.9 6.2 8.0 5.5
22 State and local
government -6.8 56.1 80.3 52.3
23 Foreign net borrowing in
United States 88.4 71.8 43.4 27.9
24 Commercial paper 11.3 3.7 7.8 16.3
25 Bonds 67.0 61.4 34.9 16.8
26 Bank loans n.e.c. 9.1 8.5 6.7 .5
27 Other loans and advances 1.0 -1.8 -6.0 -5.7
28 Total domestic plus foreign 822.0 876.5 1,090.2 1,128.5
Financial sectors
29 Total net borrowing by
financial sectors 550.1 662.2 1,087.2 1,084.4
By instrument
30 Federal government-related 231.4 212.9 470.9 592.0
31 Government-sponsored
enterprise securities 90.4 98.4 278.3 318.2
32 Mortgage pool securities 141.0 114.6 192.6 273.8
33 Loans from U.S.
government .0 .0 .0 .0
34 Private 318.7 449.3 616.3 492.5
35 Open market paper 92.2 166.7 161.0 176.2
36 Corporate bonds 178.1 218.9 310.1 218.2
37 Bank loans n.e.c 12.6 13.3 30.1 -14.2
38 Other loans and advances 27.9 35.6 90.2 107.1
39 Mortgages 7.9 14.9 24.8 5.1
By borrowing sector
40 Commercial banking 13.0 46.1 72.9 67.2
41 Savings institutions 25.5 19.7 52.2 48.0
42 Credit unions .1 .1 .6 2.2
43 Life insurance companies 1.1 .2 .7 .7
44 Government-sponsored
enterprises 90.4 98.4 278.3 318.2
45 Federally related mortgage
pools 141.0 114.6 192.6 273.8
46 Issuers of asset-backed
securities (ABSs) 150.8 202.2 321.4 223.4
47 Finance companies 50.6 57.8 57.1 70.3
48 Mortgage companies 4.1 -4.6 1.6 .2
49 Real estate investment
trusts (REITs) 11.9 39.6 62.7 6.3
50 Brokers and dealers -2.0 8.1 7.2 -17.2
51 Funding corporations 63.8 79.9 40.0 91.5
All sectors
52 Total net borrowing, all
sectors 1,372.1 1,538.7 2,177.4 2,212.9
53 Open market paper 102.6 184.1 193.1 229.9
54 U.S. government securities 376.4 236.0 418.3 520.7
55 Municipal securities 2.6 71.4 96.8 68.2
56 Corporate and foreign bonds 361.3 430.8 563.7 465.0
57 Bank loans n.e.c. 92.1 128.2 145.0 68.9
58 Other loans and advances 57.7 93.2 166.3 158.5
59 Mortgages 288.2 337.4 519.2 602.2
60 Consumer credit 91.3 57.5 75.0 99.5
Funds raised through mutual funds and
Corporate equities
61 Total net issues 232.9 185.2 113.7 156.6
62 Corporate equities -4.7 -79.9 -165.8 -34.6
63 Nonfinancial corporations -69.5 -114.4 -267.0 -143.5
64 Foreign shares purchased
by U.S. residents 82.8 57.6 101.3 114.4
65 Financial corporations -18.1 -23.1 -.1 -5.6
66 Mutual fund shares 237.6 265.1 279.5 191.2
2000
Transaction category or sector 2000 Q2 Q3 Q4
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 871.6 976.1 815.1 766.1
By sector and instrument
2 Federal government -295.9 -408.7 -226.2 -331.3
3 Treasury securities -294.9 -410.5 -223.8 -330.2
4 Budget agency securities
and mortgages -1.0 1.8 -2.4 -1.2
5 Nonfederal 1,167.4 1,384.8 1,041.4 1,097.5
By instrument
6 Commercial paper 48.1 110.4 56.1 -4.0
7 Municipal securities and
loans 35.3 30.1 31.0 60.1
8 Corporate bonds 171.1 153.8 168.8 175.6
9 Bank loans n.e.c. 103.1 166.5 47.0 59.3
10 Other loans and advances 101.5 124.2 16.5 125.2
11 Mortgages 569.4 655.9 568.2 550.5
12 Home 422.2 490.1 441.6 395.6
13 Multifamily residential 36.1 47.6 26.8 40.9
14 Commercial 104.6 108.1 93.3 112.1
15 Farm 6.5 10.1 6.5 2.0
16 Consumer credit 139.0 143.7 153.8 130.7
By borrowing sector
17 Household 554.6 625.6 579.9 508.8
18 Nonfinancial business 585.7 741.0 437.8 535.0
19 Corporate 429.1 546.7 301.5 388.0
20 Nonfarm noncorporate 145.7 184.5 129.1 134.2
21 Farm 10.9 9.7 7.2 12.8
22 State and local
government 27.2 18.2 23.8 53.7
23 Foreign net borrowing in
United States 67.0 -7.9 88.6 66.8
24 Commercial paper 31.7 12.0 7.0 50.1
25 Bonds 25.2 -27.3 71.4 9.0
26 Bank loans n.e.c. 11.3 5.7 11.9 12.2
27 Other loans and advances -1.3 1.7 -1.7 -4.6
28 Total domestic plus foreign 938.5 968.1 903.8 832.9
Financial sectors
29 Total net borrowing by
financial sectors 815.6 897.1 794.0 963.1
By instrument
30 Federal government-related 433.5 381.1 514.8 613.6
31 Government-sponsored
enterprise securities 234.1 248.9 278.1 304.5
32 Mortgage pool securities 199.4 132.2 236.7 309.1
33 Loans from U.S.
government .0 .0 .0 .0
34 Private 382.1 516.1 279.2 349.5
35 Open market paper 127.7 136.7 106.5 153.2
36 Corporate bonds 205.9 243.3 205.0 203.7
37 Bank loans n.e.c -.3 6.9 -6.7 -4.4
38 Other loans and advances 42.5 119.2 -31.6 -4.8
39 Mortgages 6.2 10.0 6.0 1.8
By borrowing sector
40 Commercial banking 60.0 99.3 43.4 18.8
41 Savings institutions 27.3 69.0 -37.9 20.4
42 Credit unions .0 .9 1.1 1.0
43 Life insurance companies -.7 -1.1 -.3 -.7
44 Government-sponsored
enterprises 234.1 248.9 278.1 304.5
45 Federally related mortgage
pools 199.4 132.2 236.7 309.1
46 Issuers of asset-backed
securities (ABSs) 196.3 146.0 156.2 307.9
47 Finance companies 81.2 139.4 98.1 26.1
48 Mortgage companies .1 2.7 -.3 1.0
49 Real estate investment
trusts (REITs) 2.7 9.8 -2.4 -8.1
50 Brokers and dealers 15.6 -.7 25.4 -6.6
51 Funding corporations -.4 50.6 -4.2 -10.4
All sectors
52 Total net borrowing, all
sectors 1,754.1 1,865.3 1,697.8 1,796.0
53 Open market paper 207.5 259.1 169.7 199.3
54 U.S. government securities 137.6 -27.6 288.6 282.2
55 Municipal securities 35.3 30.1 31.0 60.1
56 Corporate and foreign bonds 402.2 369.8 445.2 388.3
57 Bank loans n.e.c. 114.1 179.2 52.2 67.1
58 Other loans and advances 142.7 245.1 -16.8 115.8
59 Mortgages 575.6 665.9 574.2 552.4
60 Consumer credit 139.0 143.7 153.8 130.7
Funds raised through mutual funds and
Corporate equities
61 Total net issues 189.7 181.0 221.1 -38.7
62 Corporate equities -45.3 -22.7 -54.0 -188.2
63 Nonfinancial corporations -159.7 -245.7 -87.8 -367.5
64 Foreign shares purchased
by U.S. residents 99.7 185.9 61.1 89.4
65 Financial corporations 14.7 37.2 -27.3 89.9
66 Mutual fund shares 235.0 203.6 275.1 149.5
2001
Transaction category or sector Q1 Q2 Q3 Q4
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 991.9 981.3 1,297.4 1,141.4
By sector and instrument
2 Federal government -4.3 -256.0 225.7 -17.6
3 Treasury securities -2.1 -257.1 256.0 -16.9
4 Budget agency securities
and mortgages -2.2 1.1 -.4 -.7
5 Nonfederal 996.2 1,237.3 1,041.7 1,159.0
By instrument
6 Commercial paper -199.2 -133.4 -66.1 45.5
7 Municipal securities and
loans 110.7 112.4 56.0 203.2
8 Corporate bonds 399.5 419.5 187.9 305.9
9 Bank loans n.e.c. -5.9 -153.2 -10.8 -180.2
10 Other loans and advances -12.6 118.2 81.9 -110.7
11 Mortgages 559.8 798.2 768.3 758.3
12 Home 434.0 613.1 555.8 528.3
13 Multifamily residential 35.4 41.2 55.6 54.0
14 Commercial 86.2 131.6 150.1 169.8
15 Farm 4.2 12.4 6.8 6.1
16 Consumer credit 144.0 75.5 24.4 137.0
By borrowing sector
17 Household 538.3 663.4 629.7 609.9
18 Nonfinancial business 354.1 465.3 369.0 377.5
19 Corporate 226.7 324.9 257.1 262.7
20 Nonfarm noncorporate 121.3 130.6 108.6 104.8
21 Farm 6.0 9.8 3.4 10.0
22 State and local
government 103.9 108.7 43.0 171.5
23 Foreign net borrowing in
United States -8.0 -52.8 -102.8 -4.1
24 Commercial paper -26.5 -6.7 -27.6 3.9
25 Bonds 17.1 -15.9 -78.8 6.1
26 Bank loans n.e.c. 13.0 -31.0 4.4 -16.3
27 Other loans and advances -11.6 .7 -.8 2.1
28 Total domestic plus foreign 983.9 928.4 1,194.6 1,137.3
Financial sector
29 Total net borrowing by
financial sectors 864.2 786.1 1,084.8 928.7
By instrument
30 Federal government-related 432.6 665.2 830.2 584.0
31 Government-sponsored
enterprise securities 262.3 268.3 326.2 308.8
32 Mortgage pool securities 170.3 396.9 504.0 275.2
33 Loans from U.S.
government .0 .0 .0 .0
34 Private 431.7 120.9 254.6 344.7
35 Open market paper -134.6 -85.4 -85.6 58.2
36 Corporate bonds 438.9 186.8 291.4 288.1
37 Bank loans n.e.c 27.1 14.3 -7.3 12.2
38 Other loans and advances 107.8 -11.0 58.0 -15.3
39 Mortgages -7.5 16.2 -1.9 1.5
By borrowing sector
40 Commercial banking 148.3 -15.8 59.0 25.6
41 Savings institutions 62.5 16.1 19.2 -72.5
42 Credit unions -.6 .8 1.5 4.4
43 Life insurance companies -2.4 .1 3.5 1.4
44 Government-sponsored
enterprises 262.3 268.3 326.2 308.8
45 Federally related mortgage
pools 170.3 396.9 504.0 275.2
46 Issuers of asset-backed
securities (ABSs) 295.8 172.3 289.1 364.4
47 Finance companies -72.8 64.1 21.5 -40.6
48 Mortgage companies .7 .6 .8 .6
49 Real estate investment
trusts (REITs) -6.1 10.5 -2.4 9.1
50 Brokers and dealers -23.9 35.7 12.6 -19.0
51 Funding corporations 30.1 -163.6 -150.2 71.3
All sectors
52 Total net borrowing, all
sectors 1,848.1 1,714.6 2,279.5 2,065.9
53 Open market paper -360.2 -225.5 -179.3 107.6
54 U.S. government securities 428.2 409.2 1,085.9 566.4
55 Municipal securities 110.7 112.4 56.0 203.2
56 Corporate and foreign bonds 855.5 590.5 400.5 600.1
57 Bank loans n.e.c. 34.1 -170.0 -13.6 -184.3
58 Other loans and advances 83.6 107.9 139.2 -123.8
59 Mortgages 552.2 814.4 766.4 759.8
60 Consumer credit 144.0 75.5 24.4 137.0
Funds raised through mutual funds and
Corporate equities
61 Total net issues 234.4 415.0 83.4 344.5
62 Corporate equities 137.6 132.1 -79.0 80.2
63 Nonfinancial corporations -25.3 -71.5 -120.8 -5.1
64 Foreign shares purchased
by U.S. residents 109.2 220.3 23.0 36.9
65 Financial corporations 53.7 -16.7 18.8 48.5
66 Mutual fund shares 96.8 283.0 162.5 264.3
(1.) Data in this table also appear in the Board's Z.1 (780) quarterly
statistical release, tables F.2 through F4. For ordering address,
see inside front cover.
1.58 SUMMARY OF FINANCIAL TRANSACTIONS (1)
Billions of dollars except as noted; quarterly data at seasonally
adjusted annual rates
Transaction category
or sector 1996 1997 1998 1999
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in credit
markets 1,372.1 1,538.7 2,177.4 2,212.9
2 Domestic nonfederal non-
financial sectors 74.0 -22.2 177.2 216.2
3 Household 113.7 -12.6 40.5 168.5
4 Nonfinancial corporate
business -10.2 -12.7 -16.0 -2.8
5 Nonfarm noncorporate
business 4.2 3.0 18.1 7.1
6 State and local
governments -33.7 .1 134.5 43.4
7 Federal government -7.2 5.1 13.5 5.8
8 Rest of the world 414.4 311.3 254.2 208.8
9 Financial sectors 890.9 1,244.5 1,732.5 1,782.0
10 Monetary authority 12.3 38.3 21.1 25.7
11 Commercial banking 187.5 324.3 305.2 308.2
12 U.S.-chartered banks 119.6 274.9 312.0 317.6
13 Foreign banking offices
in United States 63.3 40.2 -11.9 -20.1
14 Bank holding companies 3.9 5.4 -.9 6.2
15 Banks in U.S.-affiliated
areas .7 3.7 6.0 4.4
16 Savings institutions 19.9 -4.7 36.1 68.6
17 Credit unions 25.5 16.8 19.0 27.5
18 Bank personal trusts and
estates -7.7 -25.0 -12.8 27.8
19 Life insurance companies 69.6 104.8 76.9 53.5
20 Other insurance companies 22.5 25.2 5.8 -3.0
21 Private pension funds -4.1 47.6 -22.8 25.4
22 State and local government
retirement funds 35.8 67.1 72.1 46.9
23 Money market mutual funds 88.8 87.5 244.0 182.0
24 Mutual funds 48.9 80.9 127.3 48.4
25 Closed-end funds 4.6 -2.6 5.5 7.4
26 Government-sponsored
enterprises 97.4 106.6 314.6 291.7
27 Federally related mortgage
pools 141.0 114.6 192.6 273.8
28 Asset-backed securities
issuers (ABSs) 120.5 163.8 281.7 205.2
29 Finance companies 18.9 23.1 77.3 97.0
30 Mortgage companies 8.2 -9.1 3.2 .3
31 Real estate investment
trusts (REITs) 4.4 20.2 -5.1 -2.6
32 Brokers and dealers -15.7 14.9 6.8 -34.7
33 Funding corporations 12.6 50.4 -15.8 133.0
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit
markets 1,372.1 1,538.7 2,177.4 2,212.9
Other financial sources
35 Official foreign exchange -6.3 .7 6.6 -8.7
36 Special drawing rights
certificates -.5 -.5 .0 -3.0
37 Treasury currency .5 .5 .6 1.0
38 Foreign deposits 85.9 107.7 6.5 61.0
39 Net interbank transactions -51.6 -19.7 -32.3 18.4
40 Checkable deposits and
currency 15.7 41.2 47.4 151.4
41 Small time and savings
deposits 97.2 97.1 152.4 44.7
42 Large time deposits 114.0 122.5 92.1 130.6
43 Money market fund shares 145.4 155.9 287.2 249.1
44 Security repurchase
agreements 41.4 120.9 91.3 169.7
45 Corporate equities -4.7 -79.9 -165.8 -34.6
46 Mutual fund shares 237.6 265.1 279.5 191.2
47 Trade payables 123.3 139.7 109.2 222.3
48 Security credit 52.4 111.0 103.3 104.3
49 Life insurance reserves 44.5 59.3 48.0 50.8
50 Pension fund reserves 148.3 201.4 227.6 196.1
51 Taxes payable 19.5 22.3 21.3 22.3
52 Investment in bank personal
trusts -5.3 -49.9 -41.8 -6.5
53 Noncorporate proprietors'
equity 5.8 -40.2 -52.3 -15.5
54 Miscellaneous 526.1 493.6 949.1 719.3
55 Total financial sources 2,961.4 3,287.5 4,307.3 4,476.6
Liabilities not identified
as assets (-)
56 Treasury currency -.4 -.2 -.1 -.7
57 Foreign deposits 59.4 106.2 -8.5 45.8
58 Net interbank liabilities -3.3 -19.9 3.4 3.5
59 Security repurchase
agreements 2.4 63.2 57.7 36.1
60 Taxes payable 23.1 28.0 19.7 6.5
61 Miscellaneous -184.5 -239.6 -154.6 -420.0
Floats not included in
assets (-)
62 Federal government checkable
deposits .5 -2.7 2.6 -7.4
63 Other checkable deposits -4.0 -3.9 -3.1 -.8
64 Trade credit -25.4 -29.2 -51.3 42.9
65 Total identified to sectors
as assets 3,093.9 3,385.5 4,441.6 4,770.7
2000
Transaction category
or sector 2000 Q2 Q3 Q4
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in credit
markets 1,754.1 1,865.3 1,697.8 1,796.0
2 Domestic nonfederal non-
financial sectors -154.9 111.8 -250.5 -232.9
3 Household -174.6 9.5 -216.8 -209.7
4 Nonfinancial corporate
business 12.6 62.0 -13.3 -32.6
5 Nonfarm noncorporate
business -2.1 .4 -4.0 -2.7
6 State and local
governments 9.2 39.9 -16.4 12.1
7 Federal government 7.3 7.7 4.5 10.6
8 Rest of the world 279.3 197.9 216.2 387.8
9 Financial sectors 1,622.3 1,547.8 1,727.6 1,630.5
10 Monetary authority 33.7 -5.4 39.1 -.9
11 Commercial banking 358.4 497.4 363.2 157.0
12 U.S.-chartered banks 339.8 510.9 324.8 75.3
13 Foreign banking offices
in United States 24.0 -22.3 32.8 81.1
14 Bank holding companies -12.2 3.5 -6.7 -3.2
15 Banks in U.S.-affiliated
areas 6.7 5.4 12.3 3.8
16 Savings institutions 56.5 65.0 62.7 42.5
17 Credit unions 30.5 31.6 21.2 33.6
18 Bank personal trusts and
estates 17.1 13.8 17.6 18.1
19 Life insurance companies 57.9 52.9 74.8 38.8
20 Other insurance companies -8.7 -18.1 6.2 -11.7
21 Private pension funds 39.9 20.6 56.8 26.1
22 State and local government
retirement funds 54.6 31.5 37.6 86.1
23 Money market mutual funds 143.0 -118.2 256.1 272.7
24 Mutual funds 21.0 39.4 50.2 57.8
25 Closed-end funds -8.4 -8.4 -8.4 -8.4
26 Government-sponsored
enterprises 250.9 250.9 228.6 318.8
27 Federally related mortgage
pools 199.4 132.2 236.7 309.1
28 Asset-backed securities
issuers (ABSs) 166.4 111.4 120.9 278.9
29 Finance companies 108.0 147.6 102.8 36.2
30 Mortgage companies .2 5.5 -.5 2.0
31 Real estate investment
trusts (REITs) -6.3 -2.5 -3.6 -2.8
32 Brokers and dealers 68.9 89.8 152.1 -69.0
33 Funding corporations 39.4 210.9 -86.5 45.7
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit
markets 1,754.1 1,865.3 1,697.8 1,796.0
Other financial sources
35 Official foreign exchange -.4 -8.8 .7 4.9
36 Special drawing rights
certificates -4.0 -8.0 -4.0 -4.0
37 Treasury currency 2.4 3.2 4.2 .0
38 Foreign deposits 120.8 3.4 -40.8 207.4
39 Net interbank transactions 13.6 275.4 24.4 18.0
40 Checkable deposits and
currency -71.5 -33.8 5.0 -50.2
41 Small time and savings
deposits 190.7 123.0 224.5 310.8
42 Large time deposits 118.4 101.2 152.9 65.2
43 Money market fund shares 233.3 71.5 250.9 371.0
44 Security repurchase
agreements 110.7 155.1 277.1 -265.4
45 Corporate equities -45.3 -22.7 -54.0 -188.2
46 Mutual fund shares 235.0 203.6 275.1 149.5
47 Trade payables 166.8 212.9 138.8 121.8
48 Security credit 146.1 -95.3 97.5 74.4
49 Life insurance reserves 50.2 45.6 53.0 47.3
50 Pension fund reserves 217.2 266.2 220.7 151.8
51 Taxes payable 21.7 26.5 4.1 25.4
52 Investment in bank personal
trusts -29.7 -33.1 -29.2 -28.0
53 Noncorporate proprietors'
equity 12.8 13.8 32.2 11.6
54 Miscellaneous 1,016.6 893.6 1,478.3 713.5
55 Total financial sources 4,259.5 4,058.7 4,809.2 3,532.9
Liabilities not identified
as assets (-)
56 Treasury currency -1.2 -.7 .9 -3.3
57 Foreign deposits 70.9 -82.2 -90.8 193.4
58 Net interbank liabilities 17.4 5.4 -12.1 51.1
59 Security repurchase
agreements 115.8 58.2 170.3 -300.3
60 Taxes payable 14.1 4.8 -1.8 44.1
61 Miscellaneous -284.8 -394.3 10.6 -312.9
Floats not included in
assets (-)
62 Federal government checkable
deposits 9.0 16.3 3.0 -2.1
63 Other checkable deposits 1.7 1.4 1.9 2.4
64 Trade credit -29.5 -34.9 -10.6 21.5
65 Total identified to sectors
as assets 4,346.2 4,484.7 4,737.7 3,839.1
2001
Transaction category
or sector Q1 Q2 Q3 Q4
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in credit
markets 1,848.1 1,714.6 2,279.5 2,065.9
2 Domestic nonfederal non-
financial sectors -198.8 -242.6 -36.9 -214.0
3 Household -210.8 -224.0 -1.1 -261.4
4 Nonfinancial corporate
business -24.7 11.3 -19.1 -2.0
5 Nonfarm noncorporate
business -4.8 -5.2 -6.2 -7.2
6 State and local
governments 41.5 -24.8 -10.4 56.6
7 Federal government 4.6 9.4 3.6 12.0
8 Rest of the world 410.6 349.2 387.5 556.8
9 Financial sectors 1,631.7 1,598.6 1,925.3 1,711.1
10 Monetary authority 53.7 26.4 8.7 70.5
11 Commercial banking 152.8 133.9 234.8 284.5
12 U.S.-chartered banks 107.9 179.7 215.4 246.5
13 Foreign banking offices
in United States 41.3 -48.6 16.5 6.2
14 Bank holding companies 7.3 -2.8 -1.4 12.2
15 Banks in U.S.-affiliated
areas -3.6 5.6 4.2 19.6
16 Savings institutions 52.5 57.3 -8.3 60.1
17 Credit unions 23.2 7.6 61.7 61.8
18 Bank personal trusts and
estates 10.7 13.4 8.8 8.6
19 Life insurance companies 95.3 124.9 179.3 129.8
20 Other insurance companies 2.1 .1 5.1 12.9
21 Private pension funds 23.1 25.7 -16.7 39.9
22 State and local government
retirement funds -70.7 77.0 -74.2 7.3
23 Money market mutual funds 326.7 166.2 379.1 112.2
24 Mutual funds 78.1 165.7 103.7 156.8
25 Closed-end funds -8.4 -8.4 -8.4 -8.4
26 Government-sponsored
enterprises 327.8 316.2 265.9 275.1
27 Federally related mortgage
pools 170.3 396.9 504.0 275.2
28 Asset-backed securities
issuers (ABSs) 269.8 150.0 262.3 342.1
29 Finance companies -.9 126.7 -42.0 -17.9
30 Mortgage companies 1.4 1.1 1.7 1.2
31 Real estate investment
trusts (REITs) 4.0 1.1 7.8 29.0
32 Brokers and dealers 289.5 35.4 236.0 -170.4
33 Funding corporations -169.5 -218.6 -184.0 40.9
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit
markets 1,848.1 1,714.6 2,279.5 2,065.9
Other financial sources
35 Official foreign exchange -1.5 4.7 19.1 -3.4
36 Special drawing rights
certificates .0 .0 .0 .0
37 Treasury currency -1.1 1.1 .0 .0
38 Foreign deposits 235.5 -170.2 83.5 100.0
39 Net interbank transactions -181.0 19.0 20.2 188.6
40 Checkable deposits and
currency 186.9 90.7 235.0 287.5
41 Small time and savings
deposits 288.3 194.2 229.1 328.4
42 Large time deposits 130.6 51.9 16.3 56.7
43 Money market fund shares 621.5 322.5 367.7 402.7
44 Security repurchase
agreements -109.5 187.9 242.3 -196.3
45 Corporate equities 137.6 132.1 -79.0 80.2
46 Mutual fund shares 96.8 283.0 162.5 264.3
47 Trade payables 25.1 -96.2 -13.4 -20.6
48 Security credit -140.9 -28.5 547.2 -412.2
49 Life insurance reserves 52.7 53.2 80.2 69.2
50 Pension fund reserves 257.2 165.6 205.4 189.9
51 Taxes payable 6.9 17.1 95.4 -66.6
52 Investment in bank personal
trusts -26.1 -22.7 -28.2 -28.2
53 Noncorporate proprietors'
equity 5.2 29.5 -9.7 18.7
54 Miscellaneous 485.4 890.3 940.8 717.1
55 Total financial sources 3,917.6 3,839.6 5,393.8 4,042.0
Liabilities not identified
as assets (-)
56 Treasury currency -3.6 -.5 -1.4 -.7
57 Foreign deposits 180.8 -150.2 78.8 46.4
58 Net interbank liabilities 16.7 13.6 7.2 33.3
59 Security repurchase
agreements -265.7 189.5 25.7 -210.5
60 Taxes payable 4.9 -12.0 -8.0 9.0
61 Miscellaneous -181.3 -526.8 125.0 -212.9
Floats not included in
assets (-)
62 Federal government checkable
deposits 66.8 -.1 7.3 -58.5
63 Other checkable deposits 3.8 3.9 5.1 5.5
64 Trade credit 27.9 -12.7 -23.1 34.4
65 Total identified to sectors
as assets 4,067.2 4,335.1 5,177.2 4,395.9
(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.
Domestic Financial Statistics [] May 2002
1.59 SUMMARY OF CREDIT MARKET DEBT OUTSTANDING (1)
Billions of dollars, end of period
Transaction category
or sector 1997 1998 1999 2000
Nonfinancial sectors
1 Total credit market debt
owed by domestic non-
financial sectors 15,244.3 16,291.1 17,426.4 18,317.0
By sector and instrument
2 Federal government 3,804.9 3,752.2 3,681.0 3,385.2
3 Treasury securities 3,778.3 3,723.7 3,652.8 3,357.8
4 Budget agency
securities and
mortgages 26.5 28.5 28.3 27.3
5 Nonfederal 11,439.4 12,538.9 13,745.3 14,931.9
By instrument
6 Commercial paper 168.6 193.0 230.3 278.4
7 Municipal securities
and loans 1,367.5 1,464.3 1,532.5 1,567.8
8 Corporate bonds 1,610.9 1,829.6 2,059.5 2,230.6
9 Bank loans n.e.c. 1,040.4 1,148.5 1,231.2 1,334.2
10 Other loans and
advances 825.1 907.2 964.5 1,077.1
11 Mortgages 5,155.4 5,649.8 6,281.2 6,850.6
12 Home 3,978.3 4,367.0 4,802.0 5,224.2
13 Multifamily
residential 285.7 309.2 350.0 386.2
14 Commercial 801.4 877.0 1,026.9 1,131.4
15 Farm 90.0 96.6 102.3 108.8
16 Consumer credit 1,271.6 1,346.6 1,446.1 1,593.1
By borrowing sector
17 Households 5,556.9 6,022.9 6,540.1 7,113.7
18 Nonfinancial business 4,763.0 5,316.2 5,953.2 6,538.8
19 Corporate 3,383.1 3,788.6 4,264.7 4,693.8
20 Nonfarm noncorporate 1,224.0 1,363.7 1,519.1 1,664.8
21 Farm 155.9 163.9 169.4 180.2
22 State and local
government 1,119.5 1,199.8 1,252.1 1,279.3
23 Foreign credit market
debt held in
United States 608.0 651.5 679.6 746.7
24 Commercial paper 65.1 72.9 89.2 120.9
25 Bonds 427.7 462.6 479.4 504.6
26 Bank loans n.e.c. 52.1 58.9 59.4 70.7
27 Other loans and advances 63.0 57.2 51.7 50.5
28 Total credit market debt
owed by nonfinancial
sectors, domestic and
foreign 15,852.3 16,942.7 18,106.0 19,063.7
Financial sectors
29 Total credit market debt
owed by financial
sectors 5,458.0 6,545.2 7,629.6 8,457.1
By instrument
30 Federal government-
related 2,821.1 3,292.0 3,884.0 4,317.4
31 Government-sponsored
enterprise
securities 995.3 1,273.6 1,591.7 1,825.8
32 Mortgage pool
securities 1,825.8 2,018.4 2,292.2 2,491.6
33 Loans from U.S.
government .0 .0 .0 .0
34 Private 2,636.9 3,253.2 3,745.6 4,139.7
35 Open market paper 745.7 906.7 1,082.9 1,210.7
36 Corporate bonds 1,568.6 1,878.7 2,096.9 2,314.8
37 Bank loans n.e.c. 77.3 107.5 93.2 93.0
38 Other loans and
advances 198.5 288.7 395.8 438.3
39 Mortgages 46.8 71.6 76.7 82.9
By borrowing sector
40 Commercial banks 140.6 188.6 230.0 266.7
41 Bank holding companies 168.6 193.5 219.3 242.5
42 Savings institutions 160.3 212.4 260.4 287.7
43 Credit unions .6 1.1 3.4 3.4
44 Life insurance companies 1.8 2.5 3.2 2.5
45 Government-sponsored
enterprises 995.3 1,273.6 1,591.7 1,825.8
46 Federally related
mortgage pools 1,825.8 2,018.4 2,292.2 2,491.6
47 Issuers of asset-backed
securities (ABSs) 1,076.6 1,398.0 1,621.4 1,829.6
48 Brokers and dealers 35.3 42.5 25.3 40.9
49 Finance companies 568.3 625.5 695.7 776.9
50 Mortgage companies 16.0 17.7 17.8 17.9
51 Real estate investment
trusts (REITs) 96.1 158.8 165.1 167.8
52 Funding corporations 372.6 412.6 504.0 503.7
All sectors
53 Total credit market
debt, domestic and
foreign 21,310.3 23,487.8 25,735.6 27,520.8
54 Open market paper 979.4 1,172.6 1,402.4 1,610.0
55 U.S. government
securities 6,626.0 7,044.3 7,565.0 7,702.6
56 Municipal securities 1,367.5 1,464.3 1,532.5 1,567.8
57 Corporate and foreign
bonds 3,607.2 4,170.8 4,635.8 5,050.0
58 Bank loans n.e.c. 1,169.8 1,314.9 1,383.8 1,497.9
59 Other loans and advances 1,086.6 1,253.0 1,412.0 1,565.9
60 Mortgages 5,202.2 5,721.4 6,357.9 6,933.6
61 Consumer credit 1,271.6 1,346.6 1,446.1 1,593.1
2000 2001
Transaction category
or sector Q2 Q3 Q4 Q1
Nonfinancial sectors
1 Total credit market debt
owed by domestic non-
financial sectors 17,837.0 18,034.7 18,317.0 18,557.9
By sector and instrument
2 Federal government 3,464.0 3,410.2 3,385.2 3,408.8
3 Treasury securities 3,435.7 3,382.6 3,357.8 3,382.1
4 Budget agency
securities and
mortgages 28.2 27.6 27.3 26.8
5 Nonfederal 14,373.0 14,624.5 14,931.9 15,149.1
By instrument
6 Commercial paper 296.8 307.0 278.4 253.2
7 Municipal securities
and loans 1,551.6 1,550.3 1,567.8 1,597.5
8 Corporate bonds 2,144.5 2,186.7 2,230.6 2,330.4
9 Bank loans n.e.c. 1,306.9 1,311.3 1,334.2 1,323.9
10 Other loans and
advances 1,037.2 1,039.5 1,077.1 1,083.2
11 Mortgages 6,559.6 6,710.3 6,850.6 6,975.6
12 Home 5,003.5 5,122.6 5,224.2 5,317.6
13 Multifamily
residential 369.2 375.9 386.2 395.0
14 Commercial 1,080.1 1,103.4 1,131.4 1,153.0
15 Farm 106.8 108.3 108.8 109.9
16 Consumer credit 1,476.5 1,519.6 1,593.1 1,585.3
By borrowing sector
17 Households 6,771.3 6,937.2 7,113.7 7,184.5
18 Nonfinancial business 6,336.1 6,424.3 6,538.8 6,657.1
19 Corporate 4,560.8 4,616.0 4,693.8 4,782.0
20 Nonfarm noncorporate 1,599.1 1,630.3 1,664.8 1,695.5
21 Farm 176.2 177.9 180.2 179.7
22 State and local
government 1,265.7 1,263.1 1,279.3 1,307.5
23 Foreign credit market
debt held in
United States 702.5 731.0 746.7 743.4
24 Commercial paper 101.2 109.8 120.9 112.8
25 Bonds 484.5 502.4 504.6 508.9
26 Bank loans n.e.c. 64.7 67.7 70.7 73.9
27 Other loans and advances 52.1 51.2 50.5 47.7
28 Total credit market debt
owed by nonfinancial
sectors, domestic and
foreign 18,539.5 18,765.7 19,063.7 19,301.3
Financial sectors
29 Total credit market debt
owed by financial
sectors 7,993.5 8,190.8 8,457.1 8,657.3
By instrument
30 Federal government-
related 4,035.3 4,164.0 4,317.4 4,422.9
31 Government-sponsored
enterprise
securities 1,680.2 1,749.7 1,825.8 1,888.7
32 Mortgage pool
securities 2,355.2 2,414.3 2,491.6 2,534.2
33 Loans from U.S.
government .0 .0 .0 .0
34 Private 3,958.2 4,026.7 4,139.7 4,234.4
35 Open market paper 1,135.2 1,151.6 1,210.7 1,180.8
36 Corporate bonds 2,212.0 2,269.7 2,314.8 2,424.3
37 Bank loans n.e.c. 93.1 92.8 93.0 97.3
38 Other loans and
advances 436.9 430.2 438.3 450.9
39 Mortgages 81.0 82.5 82.9 81.1
By borrowing sector
40 Commercial banks 265.4 265.2 266.7 273.8
41 Bank holding companies 229.3 236.9 242.5 266.5
42 Savings institutions 280.7 276.0 287.7 295.1
43 Credit unions 2.9 3.1 3.4 3.2
44 Life insurance companies 2.7 2.7 2.5 1.9
45 Government-sponsored
enterprises 1,680.2 1,749.7 1,825.8 1,888.7
46 Federally related
mortgage pools 2,355.2 2,414.3 2,491.6 2,534.2
47 Issuers of asset-backed
securities (ABSs) 1,697.0 1,742.3 1,829.6 1,893.7
48 Brokers and dealers 36.2 42.6 40.9 35.0
49 Finance companies 740.8 761.8 776.9 756.2
50 Mortgage companies 17.8 17.7 17.9 18.1
51 Real estate investment
trusts (REITs) 170.4 169.8 167.8 166.2
52 Funding corporations 515.0 508.7 503.7 524.7
All sectors
53 Total credit market
debt, domestic and
foreign 26,533.0 26,956.5 27,520.8 27,958.6
54 Open market paper 1,533.3 1,568.3 1,610.0 1,546.8
55 U.S. government
securities 7,499.3 7,574.2 7,702.6 7,831.7
56 Municipal securities 1,551.6 1,550.3 1,567.8 1,597.5
57 Corporate and foreign
bonds 4,841.0 4,958.7 5,050.0 5,263.7
58 Bank loans n.e.c. 1,464.6 1,471.7 1,497.9 1,495.1
59 Other loans and advances 1,526.2 1,520.9 1,565.9 1,581.8
60 Mortgages 6,640.6 6,792.8 6,933.6 7,056.6
61 Consumer credit 1,476.5 1,519.6 1,593.1 1,585.3
2001
Transaction category
or sector Q2 Q3 Q4
Nonfinancial sectors
1 Total credit market debt
owed by domestic non-
financial sectors 18,729.4 19,036.4 19,420.6
By sector and instrument
2 Federal government 3,251.4 3,320.1 3,379.6
3 Treasury securities 3,224.4 3,293.1 3,352.8
4 Budget agency
securities and
mortgages 27.0 27.0 26.8
5 Nonfederal 15,477.9 15,716.3 16,041.0
By instrument
6 Commercial paper 223.3 201.3 190.1
7 Municipal securities
and loans 1,629.8 1,635.3 1,688.4
8 Corporate bonds 2,435.3 2,482.3 2,558.8
9 Bank loans n.e.c. 1,292.9 1,282.6 1,247.3
10 Other loans and
advances 1,110.6 1,116.8 1,096.4
11 Mortgages 7,177.8 7,378.9 7,571.8
12 Home 5,473.6 5,621.6 5,757.0
13 Multifamily
residential 405.3 419.2 432.7
14 Commercial 1,185.9 1,223.4 1,265.9
15 Farm 113.1 114.7 116.2
16 Consumer credit 1,608.1 1,619.1 1,688.3
By borrowing sector
17 Households 7,358.6 7,526.3 7,724.1
18 Nonfinancial business 6,781.4 6,849.4 6,930.9
19 Corporate 4,868.4 4,909.6 4,962.2
20 Nonfarm noncorporate 1,727.9 1,753.9 1,781.1
21 Farm 185.2 185.8 187.5
22 State and local
government 1,337.8 1,340.6 1,386.1
23 Foreign credit market
debt held in
United States 729.2 706.1 704.8
24 Commercial paper 110.1 106.3 106.7
25 Bonds 504.9 485.2 486.8
26 Bank loans n.e.c. 66.2 67.3 63.2
27 Other loans and advances 47.9 47.3 48.1
28 Total credit market debt
owed by nonfinancial
sectors, domestic and
foreign 19,458.5 19,742.5 20,125.3
Financial sectors
29 Total credit market debt
owed by financial
sectors 8,853.8 9,118.3 9,370.4
By instrument
30 Federal government-
related 4,589.2 4,796.8 4,942.8
31 Government-sponsored
enterprise
securities 1,955.8 2,037.4 2,114.5
32 Mortgage pool
securities 2,633.4 2,759.4 2,828.2
33 Loans from U.S.
government .0 .0 .0
34 Private 4,264.6 4,321.5 4,427.7
35 Open market paper 1,144.5 1,110.2 1,148.8
36 Corporate bonds 2,483.9 2,559.2 2,616.1
37 Bank loans n.e.c. 100.4 100.2 104.5
38 Other loans and
advances 450.7 467.2 473.2
39 Mortgages 85.1 84.6 85.0
By borrowing sector
40 Commercial banks 274.7 281.4 297.1
41 Bank holding companies 269.0 272.7 266.4
42 Savings institutions 294.4 305.6 294.0
43 Credit unions 3.5 3.8 4.9
44 Life insurance companies 1.9 2.8 3.1
45 Government-sponsored
enterprises 1,955.8 2,037.4 2,114.5
46 Federally related
mortgage pools 2,633.4 2,759.4 2,828.2
47 Issuers of asset-backed
securities (ABSs) 1,942.4 2,016.7 2,110.0
48 Brokers and dealers 43.9 47.1 42.3
49 Finance companies 769.0 771.2 770.0
50 Mortgage companies 18.2 18.5 18.6
51 Real estate investment
trusts (REITs) 168.9 168.3 170.5
52 Funding corporations 478.6 433.6 450.6
All sectors
53 Total credit market
debt, domestic and
foreign 28,312.4 28,860.8 29,495.8
54 Open market paper 1,477.9 1,417.8 1,445.6
55 U.S. government
securities 7,840.6 8,116.8 8,322.4
56 Municipal securities 1,629.8 1,635.3 1,688.4
57 Corporate and foreign
bonds 5,424.2 5,526.7 5,661.6
58 Bank loans n.e.c. 1,459.5 1,450.2 1,415.1
59 Other loans and advances 1,609.2 1,631.3 1,617.6
60 Mortgages 7,263.0 7,463.5 7,656.8
61 Consumer credit 1,608.1 1,619.1 1,688.3
(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.
Flow of Funds
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 2000
CREDIT MARKET DEBT
OUTSTANDING (2)
1 Total credit market
assets 21,310.3 23,487.8 25,735.6 27,520.8
2 Domestic nonfederal non-
financial sectors 2,945.7 3,094.6 3,380.9 3,188.9
3 Household 2,030.4 2,044.5 2,281.3 2,069.6
4 Nonfinancial corporate
business 257.5 241.5 238.7 251.4
5 Nonfarm noncorporate
business 52.7 69.1 78.0 75.9
6 State and local
governments 605.0 739.4 782.8 792.0
7 Federal government 205.4 219.1 258.0 265.4
8 Rest of the world 2,257.3 2,539.8 2,676.2 3,004.6
9 Financial sectors 15,901.8 17,634.4 19,420.5 21,061.9
10 Monetary authority 431.4 452.5 478.1 511.8
11 Commercial banking 4,031.9 4,335.7 4,643.9 5,002.3
12 U.S.-chartered banks 3,450.7 3,761.2 4,078.9 4,418.7
13 Foreign banking
offices in United
States 516.1 504.2 484.1 508.1
14 Bank holding
companies 27.4 26.5 32.7 20.5
15 Banks in U.S.-
affiliated areas 37.8 43.8 48.3 55.0
16 Savings institutions 928.5 964.6 1,033.2 1,089.7
17 Credit unions 305.3 324.2 351.7 382.2
18 Bank personal trusts
and estates 207.0 194.1 222.0 239.1
19 Life insurance
companies 1,751.1 1,828.0 1,886.0 1,943.9
20 Other insurance
companies 515.3 521.1 518.2 509.4
21 Private pension funds 674.6 651.8 677.2 717.1
22 State and local
government
retirement funds 632.5 704.6 751.4 806.0
23 Money market mutual
funds 721.9 965.9 1,147.8 1,290.9
24 Mutual funds 901.1 1,028.4 1,076.8 1,097.8
25 Closed-end funds 98.3 103.7 111.1 102.7
26 Government-sponsored
enterprises 939.4 1,253.9 1,545.6 1,803.7
27 Federally related
mortgage pools 1,825.8 2,018.4 2,292.2 2,491.6
28 Asset-backed
securities (ABSs)
issuers 937.7 1,219.4 1,424.6 1,602.9
29 Finance companies 568.2 645.5 742.5 850.5
30 Mortgage companies 32.1 35.3 35.6 35.9
31 Real estate investment
trusts (REITs) 50.6 45.5 42.9 36.6
32 Brokers and dealers 182.6 189.4 154.7 223.6
33 Funding corporations 166.7 152.3 285.0 324.4
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 21,310.3 23,487.8 25,735.6 27,520.8
Other liabilities
35 Official foreign
exchange 48.9 60.1 50.1 46.1
36 Special drawing rights
certificates 9.2 9.2 6.2 2.2
37 Treasury currency 19.3 19.9 20.9 23.2
38 Foreign deposits 618.5 642.3 703.6 824.5
39 Net interbank
liabilities 219.4 189.0 205.3 222.6
40 Checkable deposits and
currency 1,286.1 1,333.4 1,484.8 1,413.3
41 Small time and savings
deposits 2,474.1 2,626.5 2,671.2 2,861.9
42 Large time deposits 713.4 805.5 936.1 1,054.5
43 Money market fund shares 1,042.5 1,329.7 1,578.8 1,812.1
44 Security purchase
agreements 822.4 913.7 1,083.4 1,194.1
45 Mutual fund shares 2,989.4 3,613.1 4,538.5 4,434.6
46 Security credit 469.1 572.3 676.6 822.7
47 Life insurance reserves 665.0 718.3 783.9 819.1
48 Pension fund reserves 7,323.4 8,209.0 9,080.2 9,091.4
49 Trade payables 1,967.3 2,076.5 2,298.8 2,465.5
50 Taxes payable 151.1 172.4 194.7 216.4
51 Investment in bank
personal trusts 942.5 1,001.0 1,130.4 1,019.4
52 Miscellaneous 6,731.6 7,653.4 8,195.4 9,008.8
53 Total liabilities 49,803.3 55,433.2 61,374.6 64,853.4
Financial assets not
included in
liabilities (+)
54 Gold and special drawing
rights 21.1 21.6 21.4 21.6
55 Corporate equities 13,301.7 15,577.3 19,581.2 17,566.4
56 Household equity in non-
corporate business 4,051.3 4,394.4 4,663.5 4,956.3
Liabilities not
identified as assets
(-)
57 Treasury currency -6.3 -6.4 -7.1 -8.5
58 Foreign deposits 535.0 542.8 588.9 659.9
59 Net interbank
transactions -32.2 -27.0 -25.5 -4.3
60 Security repurchase
agreements 172.9 230.6 266.7 382.5
61 Taxes payable 104.2 122.9 122.7 128.5
62 Miscellaneous -1,571.2 -2,372.7 -2,791.3 -3,201.2
Floats not included in
assets (-)
63 Federal government
checkable deposits -8.1 -3.9 -9.9 -2.3
64 Other checkable deposits 26.2 23.1 22.3 24.0
65 Trade credit 126.8 76.6 120.9 96.1
66 Totals identified to
sectors as assets 67,830.0 76,840.3 87,352.8 89,323.1
2000 2001
Transaction category
or sector Q2 Q3 Q4 Q1
CREDIT MARKET DEBT
OUTSTANDING (2)
1 Total credit market
assets 26,533.0 26,956.5 27,520.8 27,958.6
2 Domestic nonfederal non-
financial sectors 3,309.3 3,239.4 3,188.9 3,113.5
3 Household 2,189.7 2,131.9 2,069.6 2,011.0
4 Nonfinancial corporate
business 246.1 242.2 251.4 225.3
5 Nonfarm noncorporate
business 77.6 76.6 75.9 74.7
6 State and local
governments 795.8 788.7 792.0 802.4
7 Federal government 261.6 262.7 265.4 266.6
8 Rest of the world 2,809.9 2,861.7 3,004.6 3,112.9
9 Financial sectors 20,152.3 20,592.7 21,061.9 21,465.7
10 Monetary authority 505.1 511.5 511.8 523.9
11 Commercial banking 4,847.4 4,931.0 5,002.3 5,015.7
12 U.S.-chartered banks 4,295.4 4,368.2 4,418.7 4,424.4
13 Foreign banking
offices in United
States 478.1 487.5 508.1 515.0
14 Bank holding
companies 23.0 21.3 20.5 22.3
15 Banks in U.S.-
affiliated areas 51.0 54.0 55.0 54.1
16 Savings institutions 1,062.5 1,082.2 1,089.7 1,101.6
17 Credit unions 370.1 376.0 382.2 386.5
18 Bank personal trusts
and estates 230.2 234.6 239.1 241.8
19 Life insurance
companies 1,914.1 1,935.1 1,943.9 1,967.2
20 Other insurance
companies 510.8 512.4 509.4 510.0
21 Private pension funds 696.3 710.5 717.1 722.8
22 State and local
government
retirement funds 775.1 784.5 806.0 788.3
23 Money market mutual
funds 1,159.4 1,212.5 1,290.9 1,403.8
24 Mutual funds 1,072.5 1,087.1 1,097.8 1,113.9
25 Closed-end funds 106.9 104.8 102.7 100.6
26 Government-sponsored
enterprises 1,649.2 1,714.3 1,803.7 1,869.7
27 Federally related
mortgage pools 2,355.2 2,414.3 2,491.6 2,534.2
28 Asset-backed
securities (ABSs)
issuers 1,486.3 1,522.9 1,602.9 1,660.5
29 Finance companies 812.3 830.0 850.5 848.0
30 Mortgage companies 35.5 35.4 35.9 36.2
31 Real estate investment
trusts (REITs) 38.2 37.3 36.6 37.6
32 Brokers and dealers 188.2 243.3 223.6 312.3
33 Funding corporations 337.0 313.0 324.4 291.0
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 26,533.0 26,956.5 27,520.8 27,958.6
Other liabilities
35 Official foreign
exchange 46.0 44.9 46.1 42.8
36 Special drawing rights
certificates 4.2 3.2 2.2 2.2
37 Treasury currency 22.1 23.2 23.2 22.9
38 Foreign deposits 782.8 772.6 824.5 883.4
39 Net interbank
liabilities 194.7 206.0 222.6 156.0
40 Checkable deposits and
currency 1,409.7 1,385.7 1,413.3 1,405.7
41 Small time and savings
deposits 2,738.8 2,790.9 2,861.9 2,965.3
42 Large time deposits 987.4 1,025.9 1,054.5 1,078.0
43 Money market fund shares 1,627.1 1,697.8 1,812.1 1,994.7
44 Security purchase
agreements 1,185.2 1,238.6 1,194.1 1,179.3
45 Mutual fund shares 4,718.8 4,781.6 4,434.6 3,990.4
46 Security credit 780.3 805.8 822.7 785.4
47 Life insurance reserves 806.5 818.7 819.1 823.0
48 Pension fund reserves 9,214.2 9,355.5 9,091.4 8,616.3
49 Trade payables 2,371.6 2,418.3 2,465.5 2,447.3
50 Taxes payable 211.4 214.9 216.4 225.7
51 Investment in bank
personal trusts 1,114.4 1,106.7 1,019.4 929.1
52 Miscellaneous 8,627.9 9,130.2 9,008.8 9,443.4
53 Total liabilities 63,376.2 64,777.1 64,853.4 64,949.6
Financial assets not
included in
liabilities (+)
54 Gold and special drawing
rights 21.5 21.4 21.6 21.4
55 Corporate equities 19,396.1 19,244.2 17,566.4 15,311.0
56 Household equity in non-
corporate business 4,819.5 4,873.0 4,956.3 5,009.1
Liabilities not
identified as assets
(-)
57 Treasury currency -7.9 -7.6 -8.5 -9.4
58 Foreign deposits 634.2 611.5 659.9 705.1
59 Net interbank
transactions -11.6 -17.6 -4.3 1.7
60 Security repurchase
agreements 419.6 453.5 382.5 339.2
61 Taxes payable 134.5 124.6 128.5 114.3
62 Miscellaneous -2,985.6 -2,719.1 -3,201.2 -3,096.0
Floats not included in
assets (-)
63 Federal government
checkable deposits -5.6 -7.8 -2.3 -1.9
64 Other checkable deposits 22.5 15.5 24.0 21.1
65 Trade credit 16.5 9.9 96.1 53.3
66 Totals identified to
sectors as assets 89,396.8 90,452.8 89,323.1 87,163.8
2001
Transaction category
or sector Q2 Q3 Q4
CREDIT MARKET DEBT
OUTSTANDING (2)
1 Total credit market
assets 28,312.4 28,860.8 29,495.8
2 Domestic nonfederal non-
financial sectors 3,033.7 3,014.3 3,015.0
3 Household 1,931.7 1,924.2 1,894.4
4 Nonfinancial corporate
business 229.4 225.0 242.8
5 Nonfarm noncorporate
business 73.4 71.9 70.1
6 State and local
governments 799.1 793.3 807.8
7 Federal government 268.9 269.8 272.8
8 Rest of the world 3,200.1 3,294.3 3,430.6
9 Financial sectors 21,809.6 22,282.3 22,777.4
10 Monetary authority 535.1 534.1 551.7
11 Commercial banking 5,044.4 5,096.4 5,202.8
12 U.S.-chartered banks 4,463.2 4,508.8 4,605.1
13 Foreign banking
offices in United
States 504.2 509.9 512.0
14 Bank holding
companies 21.6 21.3 24.3
15 Banks in U.S.-
affiliated areas 55.5 56.5 61.4
16 Savings institutions 1,116.4 1,118.4 1,130.1
17 Credit unions 391.8 407.8 420.8
18 Bank personal trusts
and estates 245.1 247.3 249.5
19 Life insurance
companies 1,996.9 2,044.2 2,076.2
20 Other insurance
companies 510.0 511.3 514.5
21 Private pension funds 729.3 725.1 735.0
22 State and local
government
retirement funds 807.6 789.0 790.9
23 Money market mutual
funds 1,414.6 1,498.0 1,536.9
24 Mutual funds 1,160.3 1,188.2 1,223.9
25 Closed-end funds 98.5 96.4 94.2
26 Government-sponsored
enterprises 1,951.1 2,019.1 2,098.1
27 Federally related
mortgage pools 2,633.4 2,759.4 2,828.2
28 Asset-backed
securities (ABSs)
issuers 1,703.7 1,771.2 1,859.0
29 Finance companies 878.5 859.4 867.0
30 Mortgage companies 36.5 36.9 37.2
31 Real estate investment
trusts (REITs) 37.9 39.8 47.1
32 Brokers and dealers 288.4 366.4 321.2
33 Funding corporations 230.2 173.8 193.1
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt 28,312.4 28,860.8 29,495.8
Other liabilities
35 Official foreign
exchange 43.4 49.0 46.8
36 Special drawing rights
certificates 2.2 2.2 2.2
37 Treasury currency 23.2 23.2 23.2
38 Foreign deposits 840.8 861.7 886.7
39 Net interbank
liabilities 163.9 177.7 232.5
40 Checkable deposits and
currency 1,452.0 1,485.7 1,599.1
41 Small time and savings
deposits 2,992.3 3,047.0 3,121.9
42 Large time deposits 1,087.1 1,090.7 1,118.4
43 Money market fund shares 2,014.8 2,116.1 2,240.7
44 Security purchase
agreements 1,205.2 1,253.1 1,237.9
45 Mutual fund shares 4,259.5 3,753.1 4,136.4
46 Security credit 781.5 920.0 814.1
47 Life insurance reserves 840.3 847.0 868.1
48 Pension fund reserves 8,880.4 8,309.3 8,723.5
49 Trade payables 2,418.9 2,429.1 2,439.3
50 Taxes payable 225.1 251.3 229.6
51 Investment in bank
personal trusts 964.4 859.6 912.0
52 Miscellaneous 9,702.3 10,110.2 10,078.3
53 Total liabilities 66,209.6 66,446.7 68,206.6
Financial assets not
included in
liabilities (+)
54 Gold and special drawing
rights 21.5 22.0 21.8
55 Corporate equities 16,240.7 13,628.2 15,186.0
56 Household equity in non-
corporate business 5,038.9 5,087.0 5,105.5
Liabilities not
identified as assets
(-)
57 Treasury currency -9.5 -9.8 -10.0
58 Foreign deposits 667.5 687.2 698.8
59 Net interbank
transactions 5.5 6.0 11.5
60 Security repurchase
agreements 368.7 369.5 330.8
61 Taxes payable 134.4 148.5 99.7
62 Miscellaneous -3,074.3 -2,942.8 -3,308.2
Floats not included in
assets (-)
63 Federal government
checkable deposits -4.8 -5.9 -14.1
64 Other checkable deposits 25.5 19.2 28.6
65 Trade credit 25.0 17.2 102.7
66 Totals identified to
sectors as assets 89,372.6 86,894.9 90,580.2
(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 [] May 2002
2.10 NONFINANCIAL BUSINESS ACTIVITY Selected Measures
Monthly data seasonally adjusted, and indexes 1992=100, except as noted
2001
Measure 1999 2000 2001 June
1 Industrial production
(1) 139.4 145.7 140.1 140.3
Market groups
2 Products, total 129.6 133.5 129.4 130.0
3 Final, total 131.8 135.8 132.1 132.9
4 Consumer goods 119.9 121.9 120.7 121.1
5 Equipment 153.5 161.8 152.3 154.1
6 Intermediate 123.2 126.4 121.4 (r) 121.4
7 Materials 155.6 166.4 158.1 (r) 157.4
Industry groups
8 Manufacturing 144.7 151.6 144.8 145.0
9 Capacity utilization,
manufacturing
(percent) (2) 80.6 80.7 75.1 75.0
10 Construction contracts
(3) 135.5 (r) 142.8 (r) 148.1 (r) 152.0
11 Nonagricultural
employment, total
(4) 118.7 121.3 121.8 122.0
12 Goods-producing,
total 109.8 110.7 108.1 108.4
13 Manufacturing,
total 102.5 102.0 97.7 98.1
14 Manufacturing,
production
workers 103.7 102.8 97.0 97.3
15 Service-producing 121.1 124.2 125.5 125.6
16 Personal income, total 144.3 154.3 161.8 162.1
17 Wages and salary
disbursements 149.9 162.2 170.9 171.5
18 Manufacturing 134.0 142.3 144.3 144.9
19 Disposable personal
income (5) 139.2 147.9 156.0 155.2
20 Retail sales (5) 155.1 167.0 172.6 172.3
Prices (6)
21 Consumer (1982-84=100) 166.6 172.2 177.1 178.0
22 Producer finished
goods (1982=100) 133.0 138.0 140.7 142.2
2001
Measure July Aug. Sept. Oct.
1 Industrial production
(1) 140.4 140.0 138.5 137.7
Market groups
2 Products, total 130.3 129.4 127.7 126.8
3 Final, total 133.2 132.0 130.0 129.2
4 Consumer goods 122.2 121.4 119.9 119.6
5 Equipment 152.7 150.5 147.1 145.4
6 Intermediate 121.4 121.6 120.7 119.6
7 Materials 157.2 157.6 156.5 155.9
Industry groups
8 Manufacturing 145.2 144.5 142.9 142.1
9 Capacity utilization,
manufacturing
(percent) (2) 75.1 74.6 73.7 73.3
10 Construction contracts
(3) 144.0 145.0 (r) 155.0 (r) 152.0 (r)
11 Nonagricultural
employment, total
(4) 122.0 121.9 121.8 121.4
12 Goods-producing,
total 108.1 107.5 107.1 106.5
13 Manufacturing,
total 97.7 96.8 96.4 95.7
14 Manufacturing,
production
workers 96.8 95.9 95.3 94.6
15 Service-producing 125.7 125.9 125.8 125.4
16 Personal income, total 162.7 162.8 162.7 162.5
17 Wages and salary
disbursements 171.8 171.8 171.7 171.3 (r)
18 Manufacturing 144.9 144.1 143.4 142.1
19 Disposable personal
income (5) 157.9 161.0 159.1 156.2
20 Retail sales (5) 172.6 172.9 169.2 180.8
Prices (6)
21 Consumer (1982-84=100) 177.5 177.5 178.3 177.7
22 Producer finished
goods (1982=100) 140.5 140.9 141.6 139.7 (r)
2001 2002
Measure Nov. Dec. Jan. (r) Feb. (p)
1 Industrial production
(1) 137.2 (r) 136.8 (r) 137.1 137.6
Market groups
2 Products, total 126.7 126.6 126.4 126.7
3 Final, total 129.4 (r) 129.2 129.0 129.1
4 Consumer goods 120.0 (r) 120.8 120.4 120.8
5 Equipment 145.0 (r) 142.6 142.8 142.2
6 Intermediate 118.9 (r) 118.7 (r) 118.6 119.5
7 Materials 154.8 (r) 153.8 (r) 155.0 156.0
Industry groups
8 Manufacturing 142.0 (r) 141.5 (r) 141.9 142.3
9 Capacity utilization,
manufacturing
(percent) (2) 73.2 (r) 72.9 (r) 73.0 73.2
10 Construction contracts
(3) 147.0 (r) 146.0 (r) 153.0 154.0
11 Nonagricultural
employment, total
(4) 121.0 120.9 120.8 120.9
12 Goods-producing,
total 105.8 105.3 (r) 104.5 104.4
13 Manufacturing,
total 94.8 94.1 93.5 93.2
14 Manufacturing,
production
workers 93.6 92.8 92.2 91.9
15 Service-producing 125.2 125.2 125.3 125.4
16 Personal income, total 162.5 163.0 163.8 164.7
17 Wages and salary
disbursements 171.4 172.2 172.2 172.8
18 Manufacturing 140.9 140.7 140.3 140.2
19 Disposable personal
income (5) 156.3 156.6 159.5 160.6
20 Retail sales (5) 174.9 174.5 (r) 174.3 174.6
Prices (6)
21 Consumer (1982-84=100) 177.4 176.7 177.1 177.8
22 Producer finished
goods (1982=100) 138.4 137.2 137.5 137.7
(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.) Ratio of index of production to index of capacity. Based on data
from the Federal Reserve, U.S. Department of Commerce, and other
sources.
(3.) Index of dollar value of total construction contracts, including
residential, nonresidential, and heavy engineering, from McGraw-Hill
Information Systems Company, F.W. Dodge Division.
(4.) Based on data from the U.S. Department of Labor, Employment and
Earnings. Series covers employees only, excluding personnel in the
armed forces.
5. Based on data from U.S. Department of Commerce, Survey of Current
Business.
(6.) Based on data not seasonally adjusted. Seasonally adjusted data
for changes in the price indexes can be obtained from the U.S.
Department of Labor, Bureau of Labor Statistics, Monthly Labor Review.
NOTE. Basic data (not indexes) for series mentioned in notes 4 and 5,
and indexes for series mentioned in notes 3 and 6, can also be found
in the Survey of Current Business.
2.11 LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT
Thousands of persons; monthly data seasonally adjusted
2001
Category 1999 2000 2001 July
HOUSEHOLD SURVEY
DATA (1)
1 Civilian labor force (2) 139,368 140,863 141,815 141,651
Employment
2 Nonagricultural
industries (3) 130,207 131,903 131,929 132,051
3 Agriculture 3,281 3,305 3,144 3,055
Unemployment
4 Number 5,880 5,655 6,742 6,545
5 Rate (percent of
civilian labor
force) 4.2 4.0 4.8 4.6
ESTABLISHMENT SURVEY
DATA
6 Nonagricultural payroll
employment (4) 128,916 131,759 132,213 (r) 132,449
7 Manufacturing 18,552 18,469 17,698 (r) 17,688
8 Mining 539 543 563 567
9 Contract construction 6,415 6,698 6,861 6,867
10 Transportation and
public utilities 6,834 7,019 7,070 (r) 7,108
11 Trade 29,758 30,331 30,502 (r) 30,623
12 Finance 7,555 7,560 7,624 7,618
13 Service 39,055 40,460 41,024 41,046
14 Government 20,206 20,681 20,873 (r) 20,932
2001
Category Aug. Sept. Oct. Nov.
HOUSEHOLD SURVEY
DATA (1)
1 Civilian labor force (2) 141,380 142,068 142,280 142,279
Employment
2 Nonagricultural
industries (3) 131,282 131,823 131,412 131,099
3 Agriculture 3,126 3,181 3,203 3,154
Unemployment
4 Number 6,972 7,064 7,665 8,026
5 Rate (percent of
civilian labor
force) 4.9 5.0 5.4 5.6
ESTABLISHMENT SURVEY
DATA
6 Nonagricultural payroll
employment (4) 132,395 132,230 131,782 131,427
7 Manufacturing 17,533 17,448 17,325 17,159
8 Mining 569 569 569 567
9 Contract construction 6,861 6,871 6,852 6,851
10 Transportation and
public utilities 7,082 7,070 7,016 6,952
11 Trade 30,593 30,524 30,393 30,365
12 Finance 7,623 7,633 7,634 7,638
13 Service 41,129 41,134 40,995 40,889
14 Government 21,005 20,981 20,998 21,006
2002
Dec.
Category (r) Jan. (r) Feb.
HOUSEHOLD SURVEY
DATA (1)
1 Civilian labor force (2) 142,314 141,390 142,211
Employment
2 Nonagricultural
industries (3) 130,809 130,195 131,073
3 Agriculture 3,246 3,273 3,246
Unemployment
4 Number 8,259 7,922 7,891
5 Rate (percent of
civilian labor
force) 5.8 5.6 5.5
ESTABLISHMENT SURVEY
DATA
6 Nonagricultural payroll
employment (4) 131,321 131,195 131,261
7 Manufacturing 17,039 16,929 16,879
8 Mining 564 562 556
9 Contract construction 6,850 6,787 6,812
10 Transportation and
public utilities 6,915 6,897 6,901
11 Trade 30,303 30,340 30,383
12 Finance 7,632 7,636 7,626
13 Service 40,957 40,981 41,021
14 Government 21,061 21,063 21,083
(1.) Beginning January 1994, reflects redesign of current population
survey and population controls from the 1990 census.
(2.) Persons sixteen years of age and older, including Resident Armed
Forces. Monthly figures are based on sample data collected during
the calendar week that contains the twelfth day; annual data are
averages of monthly figures. By definition, seasonality does not
exist in population figures.
(3.) Includes self-employed, unpaid family, and domestic service
workers.
(4.) Includes all full- and part-time employees who worked during, or
received pay for, the pay period that includes the twelfth day of the
month; excludes proprietors, self-employed persons, household and
unpaid family workers, and members of the armed forces. Data are
adjusted to the March 1992 benchmark, and only seasonally adjusted
data are available at this time.
SOURCE. Based on data from U.S. Department of Labor, Employment and
Earnings.
Selected Measures
2.12 OUTPUT, CAPACITY, AND CAPACITY UTILIZATION (1)
Seasonally adjusted
2001
Series Q1 Q2 Q3 Q4
Output (1992=100)
1 Total industry 143.5 141.3 139.6 137.2
2 Manufacturing 148.4 146.0 144.2 141.9
3 Primary processing (3) 172.0 168.9 167.1 164.4
4 Advanced processing (4) 135.3 133.3 131.5 129.3
5 Durable goods 185.0 181.9 178.3 174.0
6 Lumber and products 110.2 113.2 115.5 112.8
7 Primary metals 120.8 120.5 117.8 108.9
8 Iron and steel 113.7 117.3 115.7 104.0
9 Nonferrous 129.5 124.6 120.6 115.0
10 Industrial machinery and
equipment 226.9 217.0 208.8 202.3
11 Electrical machinery 544.2 509.2 485.3 485.8
12 Motor vehicles and parts 155.2 166.8 169.5 165.1
13 Aerospace and miscellaneous
transportation equipment 100.2 99.0 95.9 91.2
14 Nondurable goods 113.2 111.5 111.0 110.2
15 Textile mill products 91.4 88.0 85.3 82.6
16 Paper and products 109.2 108.9 108.5 105.8
17 Chemicals and products 121.6 119.6 121.1 122.3
18 Plastics materials 121.0 116.4 117.4 115.6
19 Petroleum products 114.8 115.5 113.2 113.7
20 Mining 102.0 102.9 101.8 98.6
21 Utilities 123.5 120.0 119.1 117.6
22 Electric 125.6 123.6 122.2 122.0
2001
Series Q1 Q2 Q3 Q4
Capacity (percent of 1992
output)
1 Total industry 181.8 182.6 183.2 183.6
2 Manufacturing 192.3 193.2 193.6 194.0
3 Primary processing (3) 221.4 223.0 223.8 224.5
4 Advanced processing (4) 176.2 176.6 176.9 177.2
5 Durable goods 244.4 246.3 247.5 248.5
6 Lumber and products 148.2 148.5 148.8 149.1
7 Primary metals 151.0 150.8 150.6 150.4
8 Iron and steel 147.9 147.4 146.8 146.2
9 Nonferrous 155.1 155.3 155.6 155.8
10 Industrial machinery and
equipment 295.3 297.3 298.8 299.8
11 Electrical machinery 716.8 735.6 745.4 752.5
12 Motor vehicles and parts 218.7 220.1 221.5 222.9
13 Aerospace and miscellaneous
transportation equipment 135.4 135.3 135.2 135.1
14 Nondurable goods 143.1 143.0 142.9 142.9
15 Textile mill products 118.4 117.4 116.4 115.4
16 Paper and products 138.5 138.7 138.8 139.0
17 Chemicals and products 158.1 158.3 158.5 158.6
18 Plastics materials 152.0 152.5 153.0 153.4
19 Petroleum products 122.0 122.2 122.4 122.7
20 Mining 111.9 112.0 112.2 112.6
21 Utilities 134.6 136.2 138.1 139.9
22 Electric 133.1 135.1 137.4 139.8
2001
Series Q1 Q2 Q3 Q4
Capacity utilization rate
(percent) (2)
1 Total industry 78.9 77.4 76.2 74.7
2 Manufacturing 77.2 75.6 74.5 73.1
3 Primary processing (3) 77.7 75.8 74.7 73.2
4 Advanced processing (4) 76.8 75.5 74.3 73.0
5 Durable goods 75.7 73.8 720.0 70.0
6 Lumber and products 74.4 76.2 77.6 75.7
7 Primary metals 80.0 79.9 78.2 72.4
8 Iron and steel 76.9 79.6 78.8 71.1
9 Nonferrous 83.5 80.2 77.5 73.8
10 Industrial machinery and
equipment 76.8 73.0 69.9 67.5
11 Electrical machinery 75.9 69.2 65.1 64.6
12 Motor vehicles and parts 71.0 75.8 76.5 74.1
13 Aerospace and miscellaneous
transportation equipment 74.0 73.2 71.0 67.5
14 Nondurable goods 79.1 77.9 77.7 77.1
15 Textile mill products 77.2 74.9 73.3 71.6
16 Paper and products 78.9 78.5 78.1 76.1
17 Chemicals and products 76.9 75.6 76.4 77.1
18 Plastics materials 79.6 76.3 76.7 75.4
19 Petroleum products 94.1 94.5 92.5 92.7
20 Mining 91.1 91.8 90.7 87.5
21 Utilities 91.8 88.1 86.3 84.1
22 Electric 94.4 91.5 88.9 87.3
Previous
1973 1975 cycle (5)
Series High Low High Low
Capacity utilization rate
(percent) (2)
1 Total industry 89.2 72.6 87.3 71.1
2 Manufacturing 88.5 70.5 86.9 69.0
3 Primary processing (3) 91.8 67.3 88.6 65.7
4 Advanced processing (4) 86.5 72.5 86.3 71.0
5 Durable goods 89.2 68.9 87.7 63.9
6 Lumber and products 88.7 61.2 87.9 60.8
7 Primary metals 100.2 65.9 94.2 45.1
8 Iron and steel 105.8 66.6 95.8 37.0
9 Nonferrous 90.8 59.8 91.1 60.1
10 Industrial machinery and
equipment 96.0 74.3 93.2 64.0
11 Electrical machinery 89.2 64.7 89.4 71.6
12 Motor vehicles and parts 93.4 51.3 95.0 45.5
13 Aerospace and miscellaneous
transportation equipment 78.4 67.6 81.9 66.6
14 Nondurable goods 87.8 71.7 87.5 76.4
15 Textile mill products 91.4 60.0 91.2 72.3
16 Paper and products 97.1 69.2 96.1 80.6
17 Chemicals and products 87.6 69.7 84.6 69.9
18 Plastics materials 102.0 50.6 90.9 63.4
19 Petroleum products 96.7 81.1 90.0 66.8
20 Mining 94.3 88.2 96.0 80.3
21 Utilities 96.2 82.9 89.1 75.9
22 Electric 99.0 82.7 88.2 78.9
Latest
cycle (6) 2001 2001
Series High Low Feb. Sept.
Capacity utilization rate
(percent) (2)
1 Total industry 85.4 78.1 78.9 75.5
2 Manufacturing 85.7 76.6 77.2 73.7
3 Primary processing (3) 88.3 76.7 77.9 74.4
4 Advanced processing (4) 84.2 76.6 76.7 73.3
5 Durable goods 84.6 73.1 75.5 71.0
6 Lumber and products 93.6 75.5 73.9 78.2
7 Primary metals 92.7 73.7 80.1 77.4
8 Iron and steel 95.2 71.8 77.4 76.9
9 Nonferrous 89.3 74.2 83.1 77.8
10 Industrial machinery and
equipment 85.4 72.3 76.9 68.6
11 Electrical machinery 84.0 75.0 75.8 64.8
12 Motor vehicles and parts 89.1 55.9 70.9 74.0
13 Aerospace and miscellaneous
transportation equipment 87.3 79.2 73.5 70.3
14 Nondurable goods 87.3 80.7 79.3 77.3
15 Textile mill products 90.4 77.7 76.8 74.1
16 Paper and products 93.5 85.0 80.0 78.9
17 Chemicals and products 86.2 79.3 77.3 76.3
18 Plastics materials 97.0 74.8 82.3 75.8
19 Petroleum products 88.5 85.1 94.5 91.5
20 Mining 88.0 87.0 91.3 90.9
21 Utilities 92.6 83.4 91.7 85.1
22 Electric 95.0 87.1 94.0 87.5
2001
Series Oct. Nov. (r) Dec. (r)
Capacity utilization rate
(percent) (2)
1 Total industry 75.0 74.7 74.4
2 Manufacturing 73.3 73.2 72.9
3 Primary processing (3) 73.9 73.2 72.7
4 Advanced processing (4) 72.9 73.1 73.0
5 Durable goods 70.1 70.1 69.9
6 Lumber and products 75.7 75.4 75.9
7 Primary metals 75.5 73.3 68.5
8 Iron and steel 75.4 73.3 64.7
9 Nonferrous 75.5 73.3 72.6
10 Industrial machinery and
equipment 67.7 67.9 66.9
11 Electrical machinery 64.6 64.5 64.6
12 Motor vehicles and parts 70.7 74.4 77.0
13 Aerospace and miscellaneous
transportation equipment 69.4 67.3 65.6
14 Nondurable goods 77.5 77.1 76.8
15 Textile mill products 71.7 71.0 72.0
16 Paper and products 77.8 76.4 74.2
17 Chemicals and products 77.7 77.2 76.5
18 Plastics materials 77.7 75.6 72.9
19 Petroleum products 93.7 93.0 91.4
20 Mining 88.4 87.9 86.2
21 Utilities 85.7 83.0 83.5
22 Electric 88.0 87.1 86.8
2002
Series Jan. (r) Feb. (p)
Capacity utilization
rate (percent) (2)
1 Total industry 74.5 74.8
2 Manufacturing 73.0 73.2
3 Primary processing (3) 73.4 73.9
4 Advanced processing (4) 72.8 72.7
5 Durable goods 70.1 70.3
6 Lumber and products 75.8 76.2
7 Primary metals 73.1 74.3
8 Iron and steel 74.2 76.4
9 Nonferrous 71.9 72.0
10 Industrial machinery and
equipment 67.6 67.4
11 Electrical machinery 64.6 64.7
12 Motor vehicles and parts 76.8 77.1
13 Aerospace and miscellaneous
transportation equipment 64.0 63.2
14 Nondurable goods 76.9 77.0
15 Textile mill products 72.0 72.3
16 Paper and products 74.4 75.2
17 Chemicals and products 77.1 77.3
18 Plastics materials 74.5 74.0
19 Petroleum products 93.0 93.0
20 Mining 86.0 85.4
21 Utilities 82.9 84.8
22 Electric 86.7 87.5
(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.
Domestic Nonfinancial Statistics [] May 2002 Selected Measures
2.13 INDUSTRIAL PRODUCTION Indexes and Gross Value1
Monthly data seasonally adjusted
2001
1992
SIC pro- 2001
Group code (2) por- avg. Feb.
tion
Index
(1992=
100)
MAJOR MARKETS
1 Total index 100.0 140.1 143.5
2 Products 60.8 129.4 132.2
3 Final products 46.3 132.1 134.7
4 Consumer goods,
total 29.0 120.7 121.2
5 Durable consumer
goods 5.8 151.3 149.1
6 Automotive
products 2.5 149.9 141.8
7 Autos and
trucks 1.6 160.5 147.8
8 Autos,
consumer 0.9 94.0 93.3
9 Trucks,
consumer 0.7 231.4 206.0
10 Auto parts
and allied
goods 0.9 133.4 132.8
11 Other 3.3 151.5 156.1
12 Appliances,
tele-
visions,
and air
condi-
tioners 0.9 283.2 284.4
13 Carpeting and
furniture 0.8 119.1 124.7
14 Miscellaneous
home goods 1.6 114.2 118.3
15 Nondurable
consumer
goods 23.2 113.3 114.4
16 Foods and
tobacco 10.4 108.9 109.5
17 Clothing 2.4 78.2 82.6
18 Chemical
products 4.6 145.0 141.7
19 Paper products 2.9 105.5 107.3
20 Energy 3.0 117.6 122.1
21 Fuels 0.8 114.2 114.2
22 Residential
utilities 2.1 119.4 126.2
23 Equipment 17.3 152.3 159.8
24 Business equipment 13.2 175.9 186.1
25 Information
processing 5.4 279.6 297.5
26 Computer and
office
equipment 1.1 948.2 1,012.6
27 Industrial 4.0 125.1 132.4
28 Transit 2.5 127.6 131.6
29 Autos and
trucks 1.2 145.8 142.5
30 Other 1.3 139.1 151.6
31 Defense and space
equipment 3.4 74.1 74.1
32 Oil and gas well
drilling 0.6 140.2 147.7
33 Manufactured homes 0.2 93.7 87.1
34 Intermediate
products, total 14.5 121.4 124.4
35 Construction
supplies 5.4 137.5 138.6
36 Business supplies 9.1 111.9 116.0
37 Materials 39.2 158.1 162.5
38 Durable goods
materials 20.7 212.7 219.7
39 Durable consumer
parts 4.0 155.8 154.6
40 Equipment parts 7.5 441.9 470.1
41 Other 9.2 125.2 128.2
42 Basic metal
materials 3.1 113.6 118.1
43 Nondurable goods
materials 8.9 104.2 107.9
44 Textile materials 1.1 90.8 95.8
45 Paper materials 1.8 108.6 112.1
46 Chemical materials 4.0 102.8 108.0
47 Other 2.1 109.8 109.9
48 Energy materials 9.6 103.3 104.6
49 Primary energy 6.2 98.8 98.9
50 Converted fuel
materials 3.4 111.9 116.1
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 97.3 139.8 143.6
52 Total excluding motor
vehicles and parts 95.3 139.1 143.1
53 Total excluding
computer and office
equipment 98.4 134.3 137.4
54 Consumer goods
excluding autos and
trucks 27.5 118.6 119.9
55 Consumer goods
excluding energy 26.1 121.1 121.0
56 Business equipment
excluding autos and
trucks 12.0 179.7 191.8
57 Business equipment
excluding computer
and office equipment 12.0 146.8 155.1
58 Materials excluding
energy 29.6 175.8 181.6
MAJOR INDUSTRIES
59 Total index ... 100.0 140.1 143.5
60 Manufacturing ... 85.4 144.8 148.4
61 Primary processing ... 31.0 167.9 172.4
62 Advanced processing ... 54.4 132.0 135.1
63 Durable goods ... 44.8 179.3 184.6
64 Lumber and products 24 2.1 113.0 109.5
65 Furniture and
fixtures 25 1.4 138.7 144.4
66 Stone, clay, and
glass products 32 2.1 130.7 132.4
67 Primary metals 33 3.1 116.9 121.0
68 Iron and steel 331,2 1.8 112.6 114.4
69 Raw steel 331PT 0.1 102.8 106.9
70 Nonferrous 333-6,9 1.4 122.2 128.9
71 Fabricated metal
products 34 5.0 130.4 133.2
72 Industrial
machinery and
equipment 35 7.8 213.3 227.0
73 Computer and office
equipment 357 1.6 1,088.0 1,153.5
74 Electrical
machinery 36 7.1 504.2 543.6
75 Transportation
equipment 37 9.4 128.5 126.4
76 Motor vehicles
and parts 371 4.7 162.9 154.9
77 Autos and light
trucks 371PT 2.5 154.1 143.5
78 Aerospace and
miscellaneous
transportation
equipment 372-6,9 4.7 96.3 99.5
79 Instruments 38 5.4 115.3 118.4
80 Miscellaneous 39 1.3 117.5 120.2
81 Nondurable goods ... 40.6 111.4 113.5
82 Foods 20 9.6 112.9 113.5
83 Tobacco products 21 1.6 93.8 94.8
84 Textile mill
products 22 1.8 86.8 90.9
85 Apparel products 23 2.2 93.0 97.6
86 Paper and products 26 3.5 108.1 110.8
87 Printing and
publishing 27 6.8 101.6 105.9
88 Chemicals and
products 28 10.0 121.1 122.2
89 Petroleum products 29 1.4 114.3 115.3
90 Rubber and plastics 30 3.5 136.8 139.5
91 Leather and
products 31 0.3 63.0 67.9
92 Mining ... 68.0 101.3 102.2
93 Metal 10 0.4 88.3 91.6
94 Coal 12 1.0 111.7 113.4
95 Oil and gas
extraction 13 4.8 96.1 96.6
96 Stone and earth
minerals 14 0.6 132.5 135.0
97 Utilities ... 7.8 119.9 123.4
98 Electric 491,3PT 62.0 123.4 125.0
99 Gas 492,3PT 1.6 109.0 116.2
SPECIAL AGGREGATES
100 Manufacturing excluding
motor vehicles and
parts ... 80.7 143.9 148.2
101 Manufacturing excluding
computers and office
equipment ... 83.8 138.0 141.3
102 Computers,
communications
equipment, and
semiconductors ... 5.6 1,048.6 1,146.7
103 Manufacturing excluding
computers and
semiconductors ... 81.3 121.2 123.7
104 Manufacturing excluding
computers,
communications
equipment, and
semiconductors ... 79.8 118.2 120.4
Gross value (billions of 1996
dollars, annual rates)
MAJOR MARKETS
105 Products, total ... 100.0 2,720.3 2,768.2
106 Final ... 77.2 2,101.6 2,133.7
107 Consumer goods ... 51.9 1,303.9 1,301.7
108 Equipment ... 25.3 797.4 837.7
109 Intermediate ... 22.8 619.0 634.5
2001
Group Mar. Apr. May June
Index (1992=100)
MAJOR MARKETS
1 Total index 142.9 142.0 141.6 140.3
2 Products 132.1 131.0 130.9 130.0
3 Final products 135.1 134.0 133.9 132.9
4 Consumer goods,
total 121.8 121.3 121.4 121.1
5 Durable consumer
goods 152.9 152.2 154.2 153.2
6 Automotive
products 149.8 149.6 152.8 152.3
7 Autos and
trucks 159.6 160.1 165.7 163.4
8 Autos,
consumer 97.0 96.0 97.9 97.2
9 Trucks,
consumer 226.3 228.4 237.9 234.0
10 Auto parts
and allied
goods 134.7 133.5 132.5 135.1
11 Other 155.1 153.9 154.5 152.9
12 Appliances,
tele-
visions,
and air
condi-
tioners 284.0 284.0 292.1 285.0
13 Carpeting and
furniture 123.1 119.9 117.7 118.6
14 Miscellaneous
home goods 117.7 117.4 117.7 116.2
15 Nondurable
consumer
goods 114.3 113.9 113.6 113.4
16 Foods and
tobacco 109.3 108.9 108.6 108.9
17 Clothing 82.8 82.0 80.6 78.2
18 Chemical
products 143.8 143.4 145.2 145.7
19 Paper products 106.9 107.4 106.7 106.6
20 Energy 119.8 118.7 116.9 115.8
21 Fuels 113.9 114.6 115.6 115.2
22 Residential
utilities 122.8 120.7 117.2 115.8
23 Equipment 159.6 157.3 156.5 154.1
24 Business equipment 185.4 182.1 181.3 177.8
25 Information
processing 294.1 288.4 286.8 279.6
26 Computer and
office
equipment 996.5 970.9 950.6 948.7
27 Industrial 132.6 129.1 129.0 125.2
28 Transit 135.6 133.8 134.5 133.1
29 Autos and
trucks 151.1 148.0 152.5 150.5
30 Other 143.3 143.1 139.1 140.7
31 Defense and space
equipment 74.5 74.4 73.5 73.4
32 Oil and gas well
drilling 151.0 152.2 151.9 150.4
33 Manufactured homes 87.3 88.6 91.7 96.0
34 Intermediate
products, total 123.4 122.2 122.2 121.4
35 Construction
supplies 139.4 139.0 138.7 138.0
36 Business supplies 113.8 112.2 112.4 111.6
37 Materials 160.9 160.3 159.4 157.4
38 Durable goods
materials 218.0 216.4 216.2 212.9
39 Durable consumer
parts 155.0 155.1 159.6 157.7
40 Equipment parts 464.3 452.9 446.5 436.1
41 Other 127.2 127.9 127.5 126.2
42 Basic metal
materials 114.5 117.6 116.7 115.5
43 Nondurable goods
materials 104.9 104.7 103.0 102.2
44 Textile materials 95.3 95.0 90.9 90.8
45 Paper materials 106.0 110.2 108.3 104.8
46 Chemical materials 104.8 101.8 100.5 100.3
47 Other 108.7 110.6 109.4 109.3
48 Energy materials 104.5 104.9 103.8 103.1
49 Primary energy 99.1 99.5 99.0 99.5
50 Converted fuel
materials 115.5 115.7 113.1 109.1
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 142.6 141.7 141.1 139.9
52 Total excluding motor
vehicles and parts 142.0 141.0 140.2 139.0
53 Total excluding
computer and office
equipment 136.9 136.0 135.7 134.4
54 Consumer goods
excluding autos and
trucks 119.8 119.3 119.0 118.8
55 Consumer goods
excluding energy 122.0 121.6 122.0 121.8
56 Business equipment
excluding autos and
trucks 189.8 186.4 184.9 181.3
57 Business equipment
excluding computer
and office equipment 154.7 152.1 151.7 148.5
58 Materials excluding
energy 179.3 178.2 177.4 175.0
MAJOR INDUSTRIES
59 Total index 142.9 142.0 141.6 140.3
60 Manufacturing 147.9 146.7 146.4 145.0
61 Primary processing 170.7 170.1 169.4 167.3
62 Advanced processing 135.1 133.7 133.6 132.5
63 Durable goods 184.7 182.9 182.7 180.1
64 Lumber and products 111.8 111.8 113.7 114.2
65 Furniture and
fixtures 142.5 141.8 140.4 138.3
66 Stone, clay, and
glass products 132.9 133.1 133.0 130.0
67 Primary metals 117.5 121.2 120.8 119.5
68 Iron and steel 111.3 115.8 118.4 117.7
69 Raw steel 107.0 99.2 106.2 107.8
70 Nonferrous 125.1 127.8 124.0 122.0
71 Fabricated metal
products 132.2 131.0 131.0 129.5
72 Industrial
machinery and
equipment 225.5 220.2 217.0 213.8
73 Computer and office
equipment 1,137.1 1,112.9 1,095.1 1,095.4
74 Electrical
machinery 533.6 518.8 511.4 497.6
75 Transportation
equipment 131.0 130.5 133.2 131.9
76 Motor vehicles
and parts 163.7 163.2 169.7 167.7
77 Autos and light
trucks 154.2 154.4 159.5 157.2
78 Aerospace and
miscellaneous
transportation
equipment 100.4 99.9 98.9 98.3
79 Instruments 117.7 117.2 116.8 114.5
80 Miscellaneous 119.9 120.4 119.0 119.8
81 Nondurable goods 112.5 111.8 111.5 111.1
82 Foods 113.6 112.6 112.8 112.9
83 Tobacco products 93.3 94.8 92.9 93.8
84 Textile mill
products 91.0 90.4 86.7 86.8
85 Apparel products 97.4 97.0 96.5 94.0
86 Paper and products 106.0 110.6 108.8 107.1
87 Printing and
publishing 104.3 102.5 102.3 101.3
88 Chemicals and
products 121.4 119.5 119.9 119.5
89 Petroleum products 114.7 115.4 115.6 115.5
90 Rubber and plastics 138.8 137.9 137.1 137.7
91 Leather and
products 67.5 65.7 63.6 62.2
92 Mining 102.5 103.1 103.0 102.5
93 Metal 87.9 92.1 91.3 88.6
94 Coal 115.5 114.9 113.9 115.9
95 Oil and gas
extraction 97.1 97.6 97.4 97.0
96 Stone and earth
minerals 133.0 134.3 137.1 133.7
97 Utilities 121.8 121.3 119.7 119.1
98 Electric 124.7 125.2 122.8 122.9
99 Gas 110.3 107.1 107.8 105.2
SPECIAL AGGREGATES
100 Manufacturing excluding
motor vehicles and
parts 147.0 145.8 145.1 143.7
101 Manufacturing excluding
computers and office
equipment 140.8 139.8 139.5 138.1
102 Computers,
communications
equipment, and
semiconductors 1,127.5 1,089.4 1,065.4 1,036.7
103 Manufacturing excluding
computers and
semiconductors 123.3 122.6 122.6 121.5
104 Manufacturing excluding
computers,
communications
equipment, and
semiconductors 120.0 119.4 119.4 118.5
Gross value (billions of 1996
dollars, annual rates)
MAJOR MARKETS
105 Products, total 2,776.5 2,754.8 2,759.1 2,741.6
106 Final 2,145.9 2,129.3 2,133.0 2,118.1
107 Consumer goods 1,311.5 1,307.1 1,312.4 1,307.9
108 Equipment 839.5 825.8 823.3 811.6
109 Intermediate 630.8 625.7 626.3 623.7
2001
Group July Aug. Sept. Oct.
Index (1992=100)
MAJOR MARKETS
1 Total index 140.4 140.0 138.5 137.7
2 Products 130.3 129.4 127.7 126.8
3 Final products 133.2 132.0 130.0 129.2
4 Consumer goods,
total 122.2 121.4 119.9 119.6
5 Durable consumer
goods 157.0 154.1 151.8 146.2
6 Automotive
products 161.1 155.6 152.5 145.4
7 Autos and
trucks 178.3 169.1 163.9 154.5
8 Autos,
consumer 97.5 90.6 92.7 86.9
9 Trucks,
consumer 264.3 252.6 239.8 226.5
10 Auto parts
and allied
goods 133.9 134.5 134.8 131.3
11 Other 151.0 151.0 149.8 145.9
12 Appliances,
tele-
visions,
and air
condi-
tioners 271.7 289.5 288.2 271.9
13 Carpeting and
furniture 116.2 117.6 118.5 116.4
14 Miscellaneous
home goods 117.7 112.7 110.5 109.2
15 Nondurable
consumer
goods 113.9 113.6 112.3 113.1
16 Foods and
tobacco 109.3 108.7 107.7 108.2
17 Clothing 79.0 76.4 74.8 74.4
18 Chemical
products 147.5 146.7 145.9 148.5
19 Paper products 106.0 105.7 105.1 103.9
20 Energy 116.0 117.8 114.8 116.9
21 Fuels 114.3 112.2 113.9 116.1
22 Residential
utilities 116.5 120.5 115.0 117.0
23 Equipment 152.7 150.5 147.1 145.4
24 Business equipment 176.1 173.3 168.4 166.9
25 Information
processing 275.2 271.9 266.0 267.9
26 Computer and
office
equipment 934.2 925.5 903.0 913.2
27 Industrial 123.1 122.2 119.6 119.4
28 Transit 133.8 128.7 124.6 119.2
29 Autos and
trucks 157.1 149.6 143.6 136.2
30 Other 140.8 139.8 131.7 129.2
31 Defense and space
equipment 73.6 73.5 73.8 74.2
32 Oil and gas well
drilling 147.1 143.1 140.4 127.2
33 Manufactured homes 95.4 97.9 102.9 100.2
34 Intermediate
products, total 121.4 121.6 120.7 119.6
35 Construction
supplies 137.3 138.8 138.1 134.6
36 Business supplies 112.0 111.3 110.4 110.7
37 Materials 157.2 157.6 156.5 155.9
38 Durable goods
materials 212.6 212.0 209.4 207.9
39 Durable consumer
parts 160.2 160.8 155.3 152.3
40 Equipment parts 429.9 429.6 430.4 431.7
41 Other 126.4 125.4 123.8 122.5
42 Basic metal
materials 115.7 113.6 113.3 111.0
43 Nondurable goods
materials 102.7 104.0 104.2 104.7
44 Textile materials 87.6 90.1 89.0 87.2
45 Paper materials 107.7 109.5 110.5 112.4
46 Chemical materials 100.9 102.2 102.1 103.5
47 Other 109.7 109.8 110.2 108.8
48 Energy materials 102.3 103.0 103.1 102.6
49 Primary energy 98.5 98.4 99.4 98.2
50 Converted fuel
materials 109.0 111.4 109.3 110.9
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 139.5 139.4 138.0 137.5
52 Total excluding motor
vehicles and parts 138.7 138.5 137.2 136.8
53 Total excluding
computer and office
equipment 134.6 134.1 132.8 132.0
54 Consumer goods
excluding autos and
trucks 119.1 118.8 117.6 117.8
55 Consumer goods
excluding energy 122.9 121.8 120.6 119.9
56 Business equipment
excluding autos and
trucks 178.4 176.2 171.5 170.8
57 Business equipment
excluding computer
and office equipment 147.2 144.7 140.6 139.0
58 Materials excluding
energy 175.0 175.2 173.7 173.0
MAJOR INDUSTRIES
59 Total index 140.4 140.0 138.5 137.7
60 Manufacturing 145.2 144.5 142.9 142.1
61 Primary processing 167.4 167.3 166.6 165.6
62 Advanced processing 132.9 131.7 129.8 129.1
63 Durable goods 180.0 178.9 176.1 173.9
64 Lumber and products 114.0 116.2 116.4 112.8
65 Furniture and
fixtures 138.4 138.7 135.1 133.5
66 Stone, clay, and
glass products 130.0 130.8 129.9 130.3
67 Primary metals 119.5 117.5 116.4 113.6
68 Iron and steel 118.8 115.7 112.7 110.4
69 Raw steel 108.3 106.2 105.8 99.5
70 Nonferrous 120.8 119.9 121.2 117.6
71 Fabricated metal
products 131.1 131.0 128.7 127.5
72 Industrial
machinery and
equipment 210.2 211.0 205.1 202.8
73 Computer and office
equipment 1,074.6 1,064.8 1,035.7 1,049.1
74 Electrical
machinery 485.9 485.5 484.6 484.8
75 Transportation
equipment 134.6 131.6 128.5 124.6
76 Motor vehicles
and parts 174.6 169.9 164.2 157.3
77 Autos and light
trucks 170.2 160.9 156.6 147.4
78 Aerospace and
miscellaneous
transportation
equipment 97.1 95.7 95.0 93.8
79 Instruments 115.0 113.9 112.8 113.6
80 Miscellaneous 120.7 116.7 114.5 113.6
81 Nondurable goods 111.5 111.1 110.5 110.8
82 Foods 113.1 113.0 111.7 112.2
83 Tobacco products 95.0 93.2 92.7 92.8
84 Textile mill
products 84.3 85.8 85.9 83.0
85 Apparel products 95.1 91.2 89.4 87.8
86 Paper and products 108.1 107.7 109.7 108.1
87 Printing and
publishing 101.1 100.7 99.7 99.8
88 Chemicals and
products 121.2 121.2 121.0 123.2
89 Petroleum products 114.6 112.9 112.1 114.9
90 Rubber and plastics 138.0 137.3 136.5 134.4
91 Leather and
products 62.1 62.8 61.4 60.0
92 Mining 101.9 101.4 102.1 99.5
93 Metal 88.8 87.9 912.0 85.6
94 Coal 111.9 111.7 111.7 106.5
95 Oil and gas
extraction 97.0 96.3 97.0 94.8
96 Stone and earth
minerals 130.6 132.2 131.2 129.6
97 Utilities 118.2 121.1 118.1 119.4
98 Electric 121.0 124.5 121.0 122.3
99 Gas 107.4 108.1 106.9 108.0
SPECIAL AGGREGATES
100 Manufacturing excluding
motor vehicles and
parts 143.5 143.0 141.7 141.3
101 Manufacturing excluding
computers and office
equipment 138.4 137.7 136.2 135.4
102 Computers,
communications
equipment, and
semiconductors 1,006.7 999.5 994.8 1,002.4
103 Manufacturing excluding
computers and
semiconductors 122.0 121.3 119.9 119.1
104 Manufacturing excluding
computers,
communications
equipment, and
semiconductors 119.0 118.4 117.0 116.3
Gross value (billions of 1996
dollars, annual rates)
MAJOR MARKETS
105 Products, total 2,753.0 2,732.0 2,694.5 2,669.6
106 Final 2,129.7 2,107.0 2,075.1 2,056.7
107 Consumer goods 1,322.5 1,312.1 1,298.5 1,291.1
108 Equipment 806.5 793.3 773.0 761.0
109 Intermediate 623.5 625.0 619.4 612.9
2001 2002
Group Nov. (r) Dec. (r) Jan. (r) Feb. (p)
Index (1992=100)
MAJOR MARKETS
1 Total index 137.2 136.8 137.1 137.6
2 Products 126.7 126.6 126.4 126.7
3 Final products 129.4 129.2 129.0 129.1
4 Consumer goods,
total 120.0 120.8 120.4 120.8
5 Durable consumer
goods 152.1 155.9 153.8 154.4
6 Automotive
products 155.4 160.3 157.7 157.4
7 Autos and
trucks 170.7 177.8 175.3 173.8
8 Autos,
consumer 94.8 101.1 101.2 110.5
9 Trucks,
consumer 251.5 259.5 254.3 241.5
10 Auto parts
and allied
goods 131.3 132.6 129.8 131.4
11 Other 146.9 149.4 148.0 149.6
12 Appliances,
tele-
visions,
and air
condi-
tioners 280.1 298.1 291.2 292.9
13 Carpeting and
furniture 119.2 119.1 118.0 119.3
14 Miscellaneous
home goods 107.5 107.4 107.4 108.7
15 Nondurable
consumer
goods 112.3 112.5 112.5 112.8
16 Foods and
tobacco 108.6 109.3 109.6 110.1
17 Clothing 73.2 74.3 74.9 74.5
18 Chemical
products 148.0 147.7 148.0 148.3
19 Paper products 102.1 100.1 98.4 96.0
20 Energy 113.4 113.8 113.7 116.4
21 Fuels 115.2 112.6 115.8 114.6
22 Residential
utilities 112.0 114.0 112.2 117.1
23 Equipment 145.0 142.6 142.8 142.2
24 Business equipment 167.2 164.2 164.5 163.9
25 Information
processing 269.1 265.8 267.9 269.3
26 Computer and
office
equipment 927.8 941.2 951.5 965.8
27 Industrial 118.3 114.6 115.7 114.9
28 Transit 118.6 118.1 114.7 113.4
29 Autos and
trucks 143.6 151.4 150.6 153.7
30 Other 134.2 130.2 132.6 130.9
31 Defense and space
equipment 74.3 74.6 75.0 75.2
32 Oil and gas well
drilling 114.4 107.8 107.3 104.4
33 Manufactured homes 99.5 97.7 93.1 91.7
34 Intermediate
products, total 118.9 118.7 118.6 119.5
35 Construction
supplies 134.0 135.3 135.2 136.4
36 Business supplies 109.8 108.9 108.7 109.5
37 Materials 154.8 153.8 155.0 156.0
38 Durable goods
materials 206.5 205.8 207.8 209.2
39 Durable consumer
parts 155.0 157.1 159.0 160.0
40 Equipment parts 427.9 427.7 432.7 434.6
41 Other 120.5 118.8 119.6 120.6
42 Basic metal
materials 106.7 101.2 105.8 106.7
43 Nondurable goods
materials 103.1 101.4 102.6 103.2
44 Textile materials 84.7 85.1 84.5 84.9
45 Paper materials 106.9 103.1 105.7 106.1
46 Chemical materials 102.2 99.9 101.5 102.0
47 Other 110.4 111.1 110.9 112.2
48 Energy materials 102.6 101.9 102.0 102.5
49 Primary energy 98.8 97.7 97.4 97.3
50 Converted fuel
materials 109.1 109.6 110.6 112.4
SPECIAL AGGREGATES
51 Total excluding autos
and trucks 136.6 135.9 136.3 136.8
52 Total excluding motor
vehicles and parts 135.8 135.0 135.3 135.8
53 Total excluding
computer and office
equipment 131.5 131.0 131.3 131.8
54 Consumer goods
excluding autos and
trucks 117.2 117.6 117.4 117.8
55 Consumer goods
excluding energy 120.8 121.6 121.3 121.3
56 Business equipment
excluding autos and
trucks 170.1 165.6 166.0 164.9
57 Business equipment
excluding computer
and office equipment 139.1 136.2 136.3 135.5
58 Materials excluding
energy 171.5 170.3 172.0 173.1
MAJOR INDUSTRIES
59 Total index 137.2 136.8 137.1 137.6
60 Manufacturing 142.0 141.5 141.9 142.3
61 Primary processing 164.4 163.3 165.3 166.6
62 Advanced processing 129.5 129.3 129.0 128.9
63 Durable goods 174.3 173.9 174.6 175.3
64 Lumber and products 112.4 113.3 113.1 113.8
65 Furniture and
fixtures 134.8 135.5 134.0 136.7
66 Stone, clay, and
glass products 128.8 125.2 124.5 127.0
67 Primary metals 110.2 103.0 109.6 111.0
68 Iron and steel 107.1 94.5 107.2 110.4
69 Raw steel 95.1 85.5 100.0 102.1
70 Nonferrous 114.1 113.1 112.1 112.2
71 Fabricated metal
products 127.2 128.7 128.0 128.6
72 Industrial
machinery and
equipment 203.4 200.7 203.0 202.3
73 Computer and office
equipment 1,067.2 1,087.1 1,099.5 1,116.0
74 Electrical
machinery 485.1 487.6 490.1 493.4
75 Transportation
equipment 127.2 128.9 127.8 127.6
76 Motor vehicles
and parts 165.9 172.1 171.9 172.8
77 Autos and light
trucks 162.7 169.6 167.4 167.3
78 Aerospace and
miscellaneous
transportation
equipment 91.0 88.6 86.5 85.4
79 Instruments 113.7 112.9 114.0 113.6
80 Miscellaneous 110.7 113.8 113.9 115.4
81 Nondurable goods 110.2 109.7 110.0 110.1
82 Foods 113.0 114.3 114.2 114.2
83 Tobacco products 92.7 90.8 93.1 94.8
84 Textile mill
products 81.9 82.8 82.6 82.6
85 Apparel products 87.3 88.3 88.4 88.6
86 Paper and products 106.2 103.1 104.4 105.3
87 Printing and
publishing 98.9 97.4 96.1 94.9
88 Chemicals and
products 122.4 121.3 122.3 122.8
89 Petroleum products 114.0 112.2 114.2 114.3
90 Rubber and plastics 133.4 134.6 133.8 134.5
91 Leather and
products 59.2 57.7 59.7 58.5
92 Mining 99.0 97.3 97.0 96.4
93 Metal 80.0 78.5 78.3 78.3
94 Coal 106.6 105.8 104.5 107.0
95 Oil and gas
extraction 94.5 92.5 92.2 91.1
96 Stone and earth
minerals 129.5 129.1 130.3 129.7
97 Utilities 116.2 117.3 116.9 120.1
98 Electric 121.8 122.0 122.4 124.2
99 Gas 96.2 100.2 97.2 105.2
SPECIAL AGGREGATES
100 Manufacturing excluding
motor vehicles and
parts 140.6 139.7 140.1 140.5
101 Manufacturing excluding
computers and office
equipment 135.3 134.8 135.2 135.5
102 Computers,
communications
equipment, and
semiconductors 1,002.5 1,005.3 1,022.3 1,034.9
103 Manufacturing excluding
computers and
semiconductors 118.9 118.4 118.6 118.8
104 Manufacturing excluding
computers,
communications
equipment, and
semiconductors 116.1 115.7 115.9 116.2
Gross value (billions of 1996
dollars, annual rates)
MAJOR MARKETS
105 Products, total 2,679.2 2,685.2 2,678.9 2,687.1
106 Final 2,070.6 2,076.5 2,070.0 2,072.0
107 Consumer goods 1,301.9 1,315.4 1,308.8 1,312.0
108 Equipment 763.5 752.9 753.8 752.0
109 Intermediate 608.8 608.9 609.1 615.2
(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.
2.14 HOUSING AND CONSTRUCTION
Monthly figures at seasonally adjusted annual rates except as noted
2001
Item 1999 2000 2001 (r) Apr.
Private residential real estate
activity (thousands of units except
as noted)
NEW UNITS
1 Permits authorized 1,664 1,592 1,611 1,587
2 One-family 1,247 1,198 1,221 1,218
3 Two-family or more 417 394 390 369
4 Started 1,641 1,569 1,603 1,626
5 One-family 1,302 1,231 1,273 1,295
6 Two-family or more 339 338 329 331
7 Under construction at end of
period (1) 953 934 959 1,006
8 One-family 648 623 638 682
9 Two-family or more 305 310 321 324
10 Completed 1,605 1,574 1,571 1,569
11 One-family 1,270 1,242 1,256 1,232
12 Two-family or more 335 332 315 337
13 Mobile homes shipped 348 250 193 184
Merchant builder activity in
one-family units
14 Number sold 880 877 906 899
15 Number for sale at end of
period (1) 315 301 309 293
Price of units sold (thousands
of dollars) (2)
16 Median 161.0 169.0 174.1 175.2
17 Average 195.8 207.2 211.9 205.5
EXISTING UNITS (one-family)
18 Number sold 5,205 5,152 5,296 5,290
Price of units sold (thousands
of dollars) (2)
19 Median 133.3 139.0 147.8 143.1
20 Average 168.3 176.2 185.3 179.9
Value of new construction (millions of
dollars) (3)
CONSTRUCTION
21 Total put in place 763,914 817,130 862,261 870,826
22 Private 595,667 641,269 667,012 677,429
23 Residential 349,560 375,268 395,608 392,160
24 Nonresidential 246,107 266,001 271,404 285,269
25 Industrial buildings 32,794 31,984 31,286 34,662
26 Commercial buildings 104,531 116,988 117,050 124,935
27 Other buildings 40,906 44,505 46,088 46,080
28 Public utilities and
other 67,876 72,523 76,982 79,592
29 Public 168,247 175,861 195,249 193,397
30 Military 2,142 2,334 2,346 2,530
31 Highway 52,024 52,851 57,743 57,717
32 Conservation and develop-
ment 5,995 6,043 7,169 6,332
33 Other 108,086 114,634 127,991 126,818
2001
Item May June July
Private residential real
estate activity (thousands
of units except as noted)
NEW UNITS
1 Permits authorized 1,621 1,587 1,571
2 One-family 1,205 1,225 1,211
3 Two-family or more 416 362 360
4 Started 1,610 1,634 1,660
5 One-family 1,285 1,292 1,290
6 Two-family or more 325 342 370
7 Under construction at end of
period (1) 1,016 1,012 1,019
8 One-family 688 688 693
9 Two-family or more 328 324 326
10 Completed 1,499 1,643 1,583
11 One-family 1,225 1,275 1,269
12 Two-family or more 274 368 314
13 Mobile homes shipped 186 198 193
Merchant builder activity in
one-family units
14 Number sold 882 889 877
15 Number for sale at end of
period (1) 296 301 307
Price of units sold (thousands
of dollars) (2)
16 Median 175.3 179.4 175.0
17 Average 211.4 211.7 209.3
EXISTING UNITS (one-family)
18 Number sold 5,400 5,300 5,300
Price of units sold (thousands
of dollars) (2)
19 Median 145.0 152.2 151.7
20 Average 183.6 191.1 190.6
Value of new construction
(millions of dollars) (3)
CONSTRUCTION
21 Total put in place 869,574 861,571 863,742
22 Private 670,838 665,322 667,765
23 Residential 394,330 391,508 395,668
24 Nonresidential 276,508 273,814 272,097
25 Industrial buildings 31,943 32,966 34,645
26 Commercial buildings 118,601 116,842 115,894
27 Other buildings 46,643 46,020 45,549
28 Public utilities and
other 79,321 77,986 76,009
29 Public 198,736 196,249 195,977
30 Military 2,274 2,477 2,375
31 Highway 60,437 61,534 60,470
32 Conservation and develop-
ment 7,216 6,592 6,063
33 Other 128,809 125,646 127,069
2001
Item Aug. Sept. Oct.
Private residential real
estate activity (thousands of
units except as noted)
NEW UNITS
1 Permits authorized 1,571 1,528 1,845
2 One-family 1,210 1,164 1,140
3 Two-family or more 361 364 345
4 Started 1,559 1,585 1,518
5 One-family 1,271 1,265 1,225
6 Two-family or more 288 320 293
7 Under construction at end of
period (1) 1,009 1,015 1,009
8 One-family 691 691 682
9 Two-family or more 318 324 327
10 Completed 1,620 1,543 1,577
11 One-family 1,276 1,258 1,317
12 Two-family or more 344 285 260
13 Mobile homes shipped 199 206 207
Merchant builder activity in
one-family units
14 Number sold 871 854 860
15 Number for sale at end of
period (1) 309 310 308
Price of units sold (thousands
of dollars) (2)
16 Median 173.7 166.4 171.3
17 Average 207.5 203.3 207.1
EXISTING UNITS (one-family)
18 Number sold 5,490 5,010 5,270
Price of units sold (thousands
of dollars) (2)
19 Median 153.7 147.4 145.4
20 Average 193.5 185.2 181.8
Value of new construction
(millions of dollars) (3)
CONSTRUCTION
21 Total put in place 856,629 851,883 856,097 (r)
22 Private 663,108 660,249 656,913 (r)
23 Residential 399,558 398,136 400,147 (r)
24 Nonresidential 263,550 262,113 256,766 (r)
25 Industrial buildings 31,884 31,291 26,126 (r)
26 Commercial buildings 110,860 111,249 111,744 (r)
27 Other buildings 44,851 44,829 45,998 (r)
28 Public utilities and
other 75,955 74,744 72,898 (r)
29 Public 193,521 191,635 199,184 (r)
30 Military 2,539 2,362 2,343 (r)
31 Highway 55,667 53,534 55,982 (r)
32 Conservation and develop-
ment 7,265 7,344 7,489 (r)
33 Other 128,050 128,395 133,370 (r)
2001 2002
Item Nov. (r) Dec. (r) Jan.
Private residential real
estate activity (thousands of
units except as noted)
NEW UNITS
1 Permits authorized 1,595 1,654 1,721
2 One-family 1,211 1,247 1,335
3 Two-family or more 384 407 386
4 Started 1,616 1,602 1,721
5 One-family 1,244 1,312 1,357
6 Two-family or more 372 290 364
7 Under construction at end of
period (1) 1,008 998 1,003
8 One-family 680 673 676
9 Two-family or more 328 325 327
10 Completed 1,574 1,703 1,599
11 One-family 1,262 1,361 1,296
12 Two-family or more 312 342 303
13 Mobile homes shipped 203 206 195
Merchant builder activity in
one-family units
14 Number sold 937 987 831
15 Number for sale at end of
period (1) 309 308 310
Price of units sold (thousands
of dollars) (2)
16 Median 168.1 178.1 184.1
17 Average 206.9 228.3 224.1
EXISTING UNITS (one-family)
18 Number sold 5,250 5,200 6,050
Price of units sold (thousands
of dollars) (2)
19 Median 147.1 153.1 150.3
20 Average 182.9 192.2 190.6
Value of new construction
(millions of dollars) (3)
CONSTRUCTION
21 Total put in place 855,952 862,567 869,653
22 Private 651,509 654,297 649,853
23 Residential 396,518 399,241 402,828
24 Nonresidential 254,991 255,056 247,025
25 Industrial buildings 23,934 23,888 22,776
26 Commercial buildings 109,015 106,692 104,730
27 Other buildings 46,012 47,121 47,657
28 Public utilities and
other 76,030 77,355 71,862
29 Public 204,443 208,270 219,800
30 Military 2,353 2,152 2,213
31 Highway 58,717 59,840 68,301
32 Conservation and develop-
ment 7,392 7,548 8,571
33 Other 135,981 138,730 140,715
(1.) Not at annual rates.
(2.) Not seasonally adjusted.
(3.) Recent data on value of new construction may not be strictly
comparable with data for previous periods because of changes by the
Bureau of the Census in its estimating techniques. For a description
of these changes, see Construction Reports (C-30-76-5), issued by the
Census Bureau in July 1976.
SOURCE. Bureau of the Census estimates for all series except (1) mobile
homes, which are private, domestic shipments as reported by the Manu-
factured Housing Institute and seasonally adjusted by the Census
Bureau, and (2) sales and prices of existing units, which are published
by the National Association of Realtors. All back and current figures
are available from the originating agency. Permit authorizations are
those reported to the Census Bureau from 19,000 jurisdictions
beginning in 1994.
Selected Measures
2.15 CONSUMER AND PRODUCER PRICES
Percent changes based on seasonally adjusted data except as noted
Change from Change from 3
12 months month earlier
earlier (annual rate)
2001
2001 2002
Item Feb. Feb. Mar. June
CONSUMER PRICES (2)
(1982-84=100)
1 All items 3.5 1.1 3.5 3.9
2 Food 3.0 2.7 3.8 3.1
3 Energy items 13.1 -15.9 4.7 20.3
4 All items less food and energy 2.7 2.6 3.3 2.4
5 Commodities .9 -.9 1.4 -1.6
6 Services 3.6 4.0 4.0 4.3
PRODUCER PRICES
(1982=100)
7 Finished goods 4.0 -2.6 4.9 .0
8 Consumer foods 2.9 1.9 10.5 .6
9 Consumer energy 17.4 -20.4 9.5 -6.9
10 Other consumer goods 1.6 .7 2.6 2.6
11 Capital equipment .8 .0 .3 .3
Intermediate materials
12 Excluding foods and feeds 3.5 -4.6 1.5 -1.5
13 Excluding energy 1.3 -1.8 1.5 -.9
Crude materials
14 Foods 6.9 -1.9 13.1 -4.0
15 Energy 65.0 -54.2 -42.4 -52.0
16 Other -9.6 -6.9 -11.3 -15.3
Change from 3
month earlier Change from 1 month
(annual rate) earlier
2001 2001
Item Sept. Dec. Oct. Nov.
CONSUMER PRICES (2)
(1982-84=100)
1 All items .7 -1.8 -.3 -.1
2 Food 2.8 1.4 .4 -.1
3 Energy items -19.1 -43.4 -6.0 -4.9
4 All items less food and energy 2.6 2.6 .2 .4
5 Commodities .6 -1.4 -.1 .2
6 Services 3.5 4.0 .2 .5
PRODUCER PRICES
(1982=100)
7 Finished goods -1.7 -9.6 -1.3 (r) -.6 (r)
8 Consumer foods 1.7 -4.2 -.1 (r) -1.0 (r)
9 Consumer energy -17.1 -43.4 -6.7 (r) -3.2 (r)
10 Other consumer goods 1.0 .8 -.4 (r) .2 (r)
11 Capital equipment 1.2 -2.0 -.4 (r) -.1 (r)
Intermediate materials
12 Excluding foods and feeds -5.6 -10.1 -1.3 (r) -.5
13 Excluding energy -3.5 -3.5 -.4 -.2
Crude materials
14 Foods 3.8 -34.7 -3.5 (r) -5.0 (r)
15 Energy -63.7 -51.3 -17.9 (r) 28.0 (r)
16 Other -2.4 -9.0 -1.5 -.6
Change from 1 month
earlier
2001 2002
Index
level,
Feb.
Item Dec. Jan. Feb. 2002 (1)
CONSUMER PRICES (2)
(1982-84=100)
1 All items -.1 .2 .2 177.8
2 Food .0 .3 .2 175.9
3 Energy items -3.0 .9 -.8 111.0
4 All items less food and energy .1 .3 .3 189.2
5 Commodities -.4 -.3 .0 144.2
6 Services .3 .4 .4 215.1
PRODUCER PRICES
(1982=100)
7 Finished goods -.6 .1 .2 137.7
8 Consumer foods .0 .8 1.0 142.7
9 Consumer energy -3.9 .1 .4 81.8
10 Other consumer goods .0 -.1 -.1 157.2
11 Capital equipment .0 -.1 .1 139.6
Intermediate materials
12 Excluding foods and feeds -.8 -.1 -.1 126.2
13 Excluding energy -.2 .0 .0 134.8
Crude materials
14 Foods -1.9 4.0 2.3 102.3
15 Energy -20.5 5.6 -6.5 75.7
16 Other -.3 -.5 1.5 127.4
(1.) Not seasonally adjusted.
(2.) Figures for consumer prices are for all urban consumers and
reflect a rental-equivalence measure of homeownership.
SOURCE. U.S. Department of Labor, Bureau of Labor Statistics.
Domestic Nonfinancial Statistics [] May 2002
2.16 GROSS DOMESTIC PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data at
seasonally adjusted annual rates
2000
Account 1999 2000 2001 (r) Q4
GROSS DOMESTIC PRODUCT
1 Total 9,268.6 9,872.9 10,208.1 10,027.9
By source
2 Personal consumption
expenditures 6,250.2 6,728.4 7,064.5 6,871.4
3 Durable goods 760.9 819.6 858.3 818.7
4 Nondurable goods 1,831.3 1,989.6 2,055.1 2,025.1
5 Services 3,658.0 3,919.2 4,151.1 4,027.5
6 Gross private domestic
investment 1,636.7 1,767.5 1,633.9 1,780.3
7 Fixed investment 1,578.2 1,718.1 1,692.4 1,741.6
8 Nonresidential 1,174.6 1,293.1 1,246.0 1,318.2
9 Structures 283.5 313.6 330.3 330.9
10 Producers' durable
equipment 891.1 979.5 915.8 987.3
11 Residential struc-
tures 403.5 425.1 446.3 423.4
12 Change in business
inventories 58.6 49.4 -58.4 38.7
13 Nonfarm 60.1 51.1 -56.8 37.8
14 Net exports of goods and
services -250.9 -364.0 -329.8 -390.6
15 Exports 989.8 1,102.9 1,050.4 1,121.0
16 Imports 1,240.6 1,466.9 1,380.1 1,511.6
17 Government consumption
expenditures and
gross investment 1,632.5 1,741.0 1,839.5 1,766.8
18 Federal 564.0 590.2 615.7 594.2
19 State and local 1,068.5 1,150.8 1,223.8 1,172.6
By major type of product
20 Final sales, total 9,210.0 9,823.6 10,266.6 9,989.2
21 Goods 3,418.6 3,644.8 3,719.6 3,670.6
22 Durable 1,618.8 1,735.2 1,735.4 1,740.7
23 Nondurable 1,799.8 1,909.7 1,984.2 1,929.9
24 Services 4,939.1 5,268.5 5,580.3 5,393.0
25 Structures 852.4 910.3 966.7 925.6
26 Change in business
inventories 58.6 49.4 -58.4 38.7
27 Durable goods 35.3 34.7 -54.8 31.5
28 Nondurable goods 23.3 14.7 -3.7 7.2
MEMO
29 Total GDP in chained
1996 dollars 8,856.5 9,224.0 9,333.8 9,303.9
NATIONAL INCOME
30 Total 7,462.1 7,980.9 8,217.5 8,124.0
31 Compensation of
employees 5,310.7 5,715.2 6,010.0 5,868.9
32 Wages and salaries 4,477.4 4,837.2 5,098.2 4,973.2
33 Government and go-
vernment enter-
prises 724.3 768.4 806.0 776.6
34 Other 3,753.1 4,068.8 4,292.2 4,196.6
35 Supplement to wages
and salaries 833.4 878.0 911.8 895.7
36 Employer contribu-
tions for social
insurance 323.6 343.8 358.0 350.8
37 Other labor income 509.7 534.2 553.8 544.9
38 Proprietors' income (1) 672.0 715.0 743.5 725.2
39 Business and profes-
sional (1) 645.4 684.4 715.9 693.5
40 Farm (1) 26.6 30.6 27.6 31.7
41 Rental income of
persons (2) 147.7 141.6 142.6 141.7
42 Corporate profits (1) 825.2 876.4 767.1 847.6
43 Profits before tax (3) 776.3 845.4 698.5 816.5
44 Inventory valuation
adjustment -2.9 -12.4 2.2 -7.3
45 Capital consumption
adjustment 51.7 43.4 66.4 38.4
46 Net interest 506.5 532.7 554.3 540.6
2001
Account Q1 Q2 Q3 Q4 (r)
GROSS DOMESTIC PRODUCT
1 Total 10,141.7 10,202.6 10,224.9 10,263.3
By source
2 Personal consumption
expenditures 6,977.6 7,044.6 7,057.6 7,178.2
3 Durable goods 838.1 844.7 840.6 909.8
4 Nondurable goods 2,047.1 2,062.3 2,057.5 2,053.5
5 Services 4,092.4 4,137.6 4,159.4 4,214.9
6 Gross private domestic
investment 1,722.8 1,669.9 1,624.8 1,518.2
7 Fixed investment 1,748.3 1,706.5 1,682.6 1,632.1
8 Nonresidential 1,311.2 1,260.2 1,231.0 1,181.6
9 Structures 345.8 338.6 334.3 302.5
10 Producers' durable
equipment 965.4 921.7 896.8 879.1
11 Residential struc-
tures 437.0 446.2 451.6 450.4
12 Change in business
inventories -25.5 -36.6 -57.8 -113.9
13 Nonfarm -26.2 -35.3 -55.9 -109.7
14 Net exports of goods and
services -363.8 -347.4 -294.4 -313.5
15 Exports 1,117.4 1,079.6 1,020.6 983.8
16 Imports 1,481.2 1,427.0 1,315.0 1,297.3
17 Government consumption
expenditures and
gross investment 1,805.2 1,835.4 1,836.9 1,880.4
18 Federal 605.3 609.9 615.7 631.7
19 State and local 1,199.8 1,225.5 1,221.2 1,248.7
By major type of product
20 Final sales, total 10,167.2 10,239.1 10,282.7 10,377.2
21 Goods 3,718.8 3,715.0 3,690.3 3,754.1
22 Durable 1,755.8 1,737.2 1,704.9 1,743.8
23 Nondurable 1,963.1 1,977.8 1,985.4 2,010.3
24 Services 5,482.8 5,545.7 5,626.5 5,666.2
25 Structures 965.6 978.4 965.9 956.9
26 Change in business
inventories -25.5 -36.6 -57.8 -113.9
27 Durable goods -31.0 -42.3 -55.3 -90.5
28 Nondurable goods 5.5 5.8 -2.5 -23.4
MEMO
29 Total GDP in chained
1996 dollars 9,334.5 9,341.7 9,310.4 9,348.6
NATIONAL INCOME
30 Total 8,169.7 8,207.9 8,189.6 8,302.6
31 Compensation of
employees 5,955.7 6,010.8 6,037.7 6,035.7
32 Wages and salaries 5,049.4 5,099.8 5,123.4 5,120.0
33 Government and go-
vernment enter-
prises 788.8 799.6 812.5 823.2
34 Other 4,260.6 4,300.2 4,311.0 4,296.9
35 Supplement to wages
and salaries 906.3 911.0 914.2 915.6
36 Employer contribu-
tions for social
insurance 357.1 358.8 358.8 357.2
37 Other labor income 549.3 552.2 555.4 558.5
38 Proprietors' income (1) 735.2 745.3 752.7 740.8
39 Business and profes-
sional (1) 705.4 716.6 720.5 721.2
40 Farm (1) 29.8 28.7 32.3 19.6
41 Rental income of
persons (2) 139.6 139.0 144.0 147.7
42 Corporate profits (1) 789.8 759.8 697.0 822.0
43 Profits before tax (3) 755.7 738.3 680.6 619.4
44 Inventory valuation
adjustment -1.9 -8.8 3.1 16.6
45 Capital consumption
adjustment 36.0 30.3 13.4 186.1
46 Net interest 549.4 553.0 558.3 556.4
(1.) With inventory valuation and capital consumption adjustments.
(2.) With capital consumption adjustment.
(3.) For after-tax profits, dividends, and the like, see table 1.48.
SOURCE. U.S. Department of Commerce, Survey of Current Business.
Selected Measures
2.17 PERSONAL INCOME AND SAVING
Billions of current dollars except as noted; quarterly
data at seasonally adjusted annual rates
Account 1999 2000 2001
PERSONAL INCOME AND SAVING
1 Total personal income 7,777.3 8,319.2 8,723.5 (r)
2 Wage and salary
disbursements 4,472.2 4,837.2 5,098.2
3 Commodity-producing
industries 1,088.7 1,163.7 1,197.3
4 Manufacturing 782.0 830.1 842.1 (r)
5 Distributive industries 1,021.0 1,095.6 1,145.5 (r)
6 Service industries 1,638.2 1,809.5 1,949.4
7 Government and government
enterprises 724.3 768.4 806.0 (r)
8 Other labor income 509.7 534.2 553.8 (r)
9 Proprietors' income (1) 672.0 715.0 743.5
10 Business and
professional (1) 645.4 684.4 715.9
11 Farm (1) 26.6 30.6 27.6
12 Rental income of
persons (2) 147.7 141.6 142.6 (r)
13 Dividends 343.1 379.2 416.3
14 Personal interest income 950.0 1,000.6 993.6 (r)
15 Transfer payments 1,019.6 1,069.1 1,148.8 (r)
16 Old-age survivors,
disability, and health
insurance benefits 588.0 617.3 664.4
17 LESS: Personal
contributions for
social insurance 337.1 357.7 373.3
18 EQUALS: Personal income 7,777.3 8,319.2 8,723.5 (r)
19 LESS: Personal tax and
nontax payments 1,159.2 1,288.2 1,306.2
20 EQUALS: Disposable personal
income 6,618.0 7,031.0 7,417.3 (r)
21 LESS: Personal outlays 6,457.2 6,963.3 7,298.9 (r)
22 EQUALS: Personal saving 160.9 67.7 118.4 (r)
MEMO
Per capita (chained 1996
dollars)
23 Gross domestic product 32,441.9 32,652.6 32,646.2 (r)
24 Personal consumption
expendintures 21,862.6 22,152.4 22,560.8 (r)
25 Disposable personal income 23,150.0 23,148.0 23,687.0 (r)
26 Saving rate (percent) 2.4 1.0 1.6
GROSS SAVING
27 Gross saving 1,707.4 1,785.7 n.a.
28 Gross private saving 1,348.0 1,323.0 n.a.
29 Personal saving 160.9 67.7 118.4 (r)
30 Undistributed corporate
profits (1) 228.7 225.3 134.5
31 Corporate inventory
valuation adjustment -2.9 -12.4 2.2
Capital consumption
allowances
32 Corporate 669.2 727.1 798.6
33 Noncorporate 284.1 302.8 328.9
34 Gross government saving 359.4 462.8 360.3
35 Federal 210.9 315.0 218.6
36 Consumption of fixed
capital 91.7 96.4 99.6
37 Current surplus or
deficit (-), national
accounts 119.2 218.6 119.0
38 State and local 148.5 147.8 141.8
39 Consumption of fixed
capital 106.4 114.9 124.2
40 Current surplus or
deficit (-), national
accounts 42.1 32.8 17.6
41 Gross investment 1,634.7 1,655.3 n.a.
42 Gross private domestic
investment 1,636.7 1,767.5 1,633.9 (r)
43 Gross government investment 304.6 318.3 341.1 (r)
44 Net foreign investment -306.6 -430.5 -384.1
45 Statistical discrepancy -72.7 -130.4 -149.8
2000 2001
Account Q4 Q1 Q2
PERSONAL INCOME AND SAVING
1 Total personal income 8,519.6 8,640.2 8,714.6
2 Wage and salary
disbursements 4,973.2 5,049.4 5,099.8
3 Commodity-producing
industries 1,195.5 1,206.3 1,204.4
4 Manufacturing 852.2 853.3 850.2
5 Distributive industries 1,125.9 1,140.3 1,148.2
6 Service industries 1,875.2 1,914.0 1,947.6
7 Government and government
enterprises 776.6 788.8 799.6
8 Other labor income 544.9 549.3 552.2
9 Proprietors' income (1) 725.2 735.2 745.3
10 Business and
professional (1) 693.5 705.4 716.6
11 Farm (1) 31.7 29.8 28.7
12 Rental income of
persons (2) 141.7 139.6 139.0
13 Dividends 396.6 404.8 411.9
14 Personal interest income 1,013.1 1,010.9 1,001.0
15 Transfer payments 1,089.0 1,123.1 1,139.4
16 Old-age survivors,
disability, and health
insurance benefits 626.5 651.4 660.1
17 LESS: Personal
contributions for
social insurance 364.1 372.1 374.0
18 EQUALS: Personal income 8,519.6 8,640.2 8,714.6
19 LESS: Personal tax and
nontax payments 1,329.8 1,345.2 1,351.4
20 EQUALS: Disposable personal
income 7,189.8 7,295.0 7,363.2
21 LESS: Personal outlays 7,115.1 7,216.2 7,281.7
22 EQUALS: Personal saving 74.7 78.8 81.5
MEMO
Per capita (chained 1996
dollars)
23 Gross domestic product 32,779.0 32,800.6 32,730.0
24 Personal consumption
expendintures 22,340.5 22,448.7 22,522.8
25 Disposable personal income 23,376.0 23,470.0 23,541.0
26 Saving rate (percent) 1.0 1.1 1.1
GROSS SAVING
27 Gross saving 1,799.7 1,754.0 1,750.5
28 Gross private saving 1,332.7 1,307.9 1,321.2
29 Personal saving 74.7 78.8 81.5
30 Undistributed corporate
profits (1) 197.0 147.8 119.5
31 Corporate inventory
valuation adjustment -7.3 -1.9 -8.8
Capital consumption
allowances
32 Corporate 749.7 763.8 785.6
33 Noncorporate 311.3 317.5 334.6
34 Gross government saving 467.1 446.1 429.3
35 Federal 320.5 303.7 286.2
36 Consumption of fixed
capital 97.9 98.4 99.4
37 Current surplus or
deficit (-), national
accounts 222.5 .0 (r) .0 (r)
38 State and local 146.6 142.5 143.2
39 Consumption of fixed
capital 118.0 120.2 121.9
40 Current surplus or
deficit (-), national
accounts 28.6 22.3 21.3
41 Gross investment 1,649.7 1,653.5 1,607.3
42 Gross private domestic
investment 1,780.3 1,722.8 1,669.9
43 Gross government investment 322.8 330.9 344.0
44 Net foreign investment -453.4 -420.2 -406.6
45 Statistical discrepancy -150.0 -120.5 -143.2
2001
Account Q3 Q4 (r)
PERSONAL INCOME AND SAVING
1 Total personal income 8,771.8 8,767.2
2 Wage and salary
disbursements 5,123.4 5,120.0
3 Commodity-producing
industries 1,197.5 1,181.1
4 Manufacturing 841.1 823.9
5 Distributive industries 1,148.1 1,145.2
6 Service industries 1,965.4 1,970.6
7 Government and government
enterprises 812.5 823.2
8 Other labor income 555.4 558.5
9 Proprietors' income (1) 752.7 740.8
10 Business and
professional (1) 720.5 721.2
11 Farm (1) 32.3 19.6
12 Rental income of
persons (2) 144.0 147.7
13 Dividends 420.0 428.4
14 Personal interest income 991.5 970.9
15 Transfer payments 1,159.0 1,173.8
16 Old-age survivors,
disability, and health
insurance benefits 670.8 675.2
17 LESS: Personal
contributions for
social insurance 374.2 372.8
18 EQUALS: Personal income 8,771.8 8,767.2
19 LESS: Personal tax and
nontax payments 1,195.5 1,332.7
20 EQUALS: Disposable personal
income 7,576.4 7,434.5
21 LESS: Personal outlays 7,291.0 7,406.6
22 EQUALS: Personal saving 285.3 27.9
MEMO
Per capita (chained 1996
dollars)
23 Gross domestic product 32,512.9 32,542.7
24 Personal consumption
expendintures 22,502.6 22,766.8
25 Disposable personal income 24,157.0 23,580.0
26 Saving rate (percent) 3.8 .4
GROSS SAVING
27 Gross saving 1,751.9 1,706.7
28 Gross private saving 1,534.4 1,358.4
29 Personal saving 285.3 27.9
30 Undistributed corporate
profits (1) 71.7 199.1
31 Corporate inventory
valuation adjustment 3.1 16.6
Capital consumption
allowances
32 Corporate 847.0 798.0
33 Noncorporate 330.4 333.3
34 Gross government saving 217.6 348.3
35 Federal 86.2 198.3
36 Consumption of fixed
capital 99.8 100.9
37 Current surplus or
deficit (-), national
accounts .0 (r) .0
38 State and local 131.4 150.0
39 Consumption of fixed
capital 129.5 125.2
40 Current surplus or
deficit (-), national
accounts 1.9 24.8
41 Gross investment 1,602.3 1,520.7
42 Gross private domestic
investment 1,624.8 1,518.2
43 Gross government investment 331.9 357.7
44 Net foreign investment -354.5 -355.3
45 Statistical discrepancy -149.7 -186.0
(1.) With inventory valuation and capital consumption adjustments.
(2.) With capital consumption adjustment.
SOURCE. U.S. Department of Commerce, Survey of Current Business.
International Statistics [] May 2002
3.10 US 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.
Summary Statistics
3.11 U.S. FOREIGN TRADE (1)
Millions of dollars; monthly data seasonally adjusted
Item 1999 2000 2001
1 Goods and services, balance -261,838 -375,739 -347,461
2 Merchandise -345,434 -452,207 -426,266
3 Services 83,596 76,468 78,805
4 Goods and services, exports 957,353 1,065,702 1,004,609
5 Merchandise 684,553 772,210 720,851
6 Services 272,800 293,492 283,758
7 Goods and services, imports -1,219,191 -1,441,441 -1,352,070
8 Merchandise -1,029,987 -1,224,417 -1,147,117
9 Services -189,204 -217,024 -204,953
2001
Item July Aug. Sept.
1 Goods and services, balance -30,675 -28,390 -19,388
2 Merchandise -35,872 -34,107 -35,566
3 Services 5,197 5,717 16,178
4 Goods and services, exports 82,352 83,835 76,957
5 Merchandise 58,555 59,400 55,464
6 Services 23,797 24,435 21,493
7 Goods and services, imports -113,027 -112,225 -96,345
8 Merchandise -94,427 -93,507 -91,030
9 Services -18,600 -18,718 -5,315
2001
Item Oct. Nov. Dec.
1 Goods and services, balance -29,627 -28,514 -24,713
2 Merchandise -35,080 -34,271 -30,983
3 Services 5,453 5,757 6,270
4 Goods and services, exports 77,878 78,099 78,043
5 Merchandise 56,457 56,015 54,954
6 Services 21,421 22,084 23,089
7 Goods and services, imports -107,505 -106,613 -102,756
8 Merchandise -91,537 -90,286 -85,937
9 Services -15,968 -16,327 -16,819
2002
Item Jan. (p)
1 Goods and services, balance -28,518
2 Merchandise -34,080
3 Services 5,562
4 Goods and services, exports 77,968
5 Merchandise 54,836
6 Services 23,132
7 Goods and services, imports -106,486
8 Merchandise -88,916
9 Services -17,570
(1.) Data show monthly values consistent with quarterly figures in
the U.S. balance of payments accounts.
SOURCE. FT900, U.S. Department of Commerce, Bureau of the Census and
Bureau of Economic Analysis; on the web site at:
http://www.census.gov/foreign-trade/Press-Release/
current_press_release/ft900.pdf
3.12 U.S. RESERVE ASSETS
Millions of dollars, end of period
2001
Asset 1998 1999 2000 Aug.
1 Total 81,761 71,516 67,647 67,852
2 Gold stock (1) 11,046 11,048 11,046 11,044
3 Special drawing rights (2),(3) 10,603 10,336 10,539 10,913
4 Reserve position in International
Monetary Fund (2) 24,111 17,950 14,824 15,297
5 Foreign currencies (4) 36,001 32,182 31,238 30,598
2001
Asset Sept. Oct. Nov. Dec.
1 Total 70,963 69,707 69,158 68,654
2 Gold stock (1) 11,045 11,045 11,045 11,045
3 Special drawing rights (2),(3) 10,919 10,827 10,864 10,774
4 Reserve position in International
Monetary Fund (2) 18,404 17,787 17,293 17,854
5 Foreign currencies (4) 30,595 30,048 29,956 28,981
2002
Asset Jan. Feb. Mar. (p)
1 Total 67,532 67,357 67,574
2 Gold stock (1) 11,044 11,044 11,044
3 Special drawing rights (2),(3) 10,657 10,763 10,809
4 Reserve position in International
Monetary Fund (2) 17,602 17,169 17,078
5 Foreign currencies (4) 28,229 28,381 28,643
(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 Aug.
1 Deposits 167 71 215 80
Held in custody
2 U.S. Treasury securities (2) 607,574 632,482 594,094 590,820
3 Earmarked gold (3) 10,343 9,933 9,451 9,100
2001
Asset Sept. Oct. Nov. Dec.
1 Deposits 608 75 528 61
Held in custody
2 U.S. Treasury securities (2) 587,566 599,043 600,129 592,630
3 Earmarked gold (3) 9,100 9,099 9,099 9,099
2002
Asset Jan. Feb. Mar. (p)
1 Deposits 162 89 255
Held in custody
2 U.S. Treasury securities (2) 592,031 591,202 (r) 593,865
3 Earmarked gold (3) 9,098 9,098 9,098
(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.
International Statistics [] May 2002
3.15 SELECTED U.S. LIABILITIES TO FOREIGN OFFICIAL INSTITUTIONS
Millions of dollars, end of period
2001
Item 1999 2000 July
1 Total (1) 806,318 845,869 845,155
By type
2 Liabilities reported by banks in
the United States (2) 138,847 144,593 151,858
3 U.S. Treasury bills and
certificates (3) 156,177 153,010 143,288
U.S. Treasury bonds and notes
4 Marketable 422,266 415,964 406,995
5 Nonmarketable (4) 6,111 5,348 4,846
6 U.S. securities other than U.S.
Treasury securities (5) 82,917 126,954 138,168
By area
7 Europe (1) 244,805 253,592 262,830
8 Canada 12,503 12,394 11,727
9 Latin America and Caribbean 73,518 76,753 79,359
10 Asia 463,703 488,170 475,475
11 Africa 7,523 9,165 10,574
12 Other countries 4,266 5,795 5,190
2001
Item Aug. Sept. Oct.
1 Total (1) 839,457 852,175 860,460
By type
2 Liabilities reported by banks in
the United States (2) 137,621 143,597 140,003
3 U.S. Treasury bills and
certificates (3) 151,850 153,899 161,081
U.S. Treasury bonds and notes
4 Marketable 407,338 409,887 412,126
5 Nonmarketable (4) 4,805 4,036 3,520
6 U.S. securities other than U.S.
Treasury securities (5) 137,843 140,756 143,730
By area
7 Europe (1) 260,593 262,568 263,765
8 Canada 12,033 11,299 11,780
9 Latin America and Caribbean 76,251 75,751 77,555
10 Asia 474,650 488,358 490,897
11 Africa 9,864 10,249 10,337
12 Other countries 6,066 3,950 6,126
2001 2002
Item Nov. Dec. Jan. (p)
1 Total (1) 867,527 857,801 863,362
By type
2 Liabilities reported by banks in
the United States (2) 130,661 123,125 124,020
3 U.S. Treasury bills and
certificates (3) 167,562 161,719 166,640
U.S. Treasury bonds and notes
4 Marketable 418,392 419,453 416,453
5 Nonmarketable (4) 3,398 3,411 3,433
6 U.S. securities other than U.S.
Treasury securities (5) 147,514 150,093 152,816
By area
7 Europe (1) 262,134 256,419 262,588
8 Canada 12,589 12,107 12,421
9 Latin America and Caribbean 77,244 77,374 74,931
10 Asia 498,815 497,333 (r) 496,864
11 Africa 9,560 9,646 10,901
12 Other countries 7,185 4,922 (r) 5,657
(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.
3.16 LIABILITIES TO, AND CLAIMS ON, FOREIGNERS Reported by Banks in
the United States (1)
Payable in Foreign Currencies
Millions of dollars, end of period
Item 1998 1999 2000
1 Banks' liabilities 101,125 88,537 77,779
2 Banks' claims 78,162 67,365 56,912
3 Deposits 45,985 34,426 23,315
4 Other claims 32,177 32,939 33,597
5 Claims of banks' domestic
customers (2) 20,718 20,826 24,411
2001
Item Mar. June Sept. (r) Dec.
1 Banks' liabilities 89,394 108,418 93,513 90,532
2 Banks' claims 73,179 77,400 69,068 75,846
3 Deposits 29,902 32,765 36,574 45,382
4 Other claims 43,277 44,635 32,494 30,464
5 Claims of banks' domestic
customers (2) 21,105 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.
Bank-Reported Data
3.17 LIABILITIES TO FOREIGNERS Reported by Banks in the United
States (1)
Payable in U.S. dollars
Millions of dollars, end of period
Item 1999 2000 2001
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,408,740 1,511,410 1,640,040
2 Banks' own liabilities 971,536 1,077,636 1,174,735
3 Demand deposits 42,884 33,365 33,582
4 Time deposits (2) 163,620 187,883 155,151
5 Other (3) 155,853 171,401 201,093
6 Own foreign offices (4) 609,179 684,987 784,909
7 Banks' custodial
liabilities (5) 437,204 433,774 465,305
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 132,617 145,840 80,026
instruments (8)
11 Other 118,911 110,088 139,573
12 Nonmonetary international
and regional 15,276 12,542 10,804
organizations (9)
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 680 252 577
certificates (6)
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 1,065,961
33 Banks' own liabilities 728,492 821,306 907,865
34 Unaffiliated foreign
banks 119,313 136,319 122,956
35 Demand deposits 17,583 15,522 13,089
36 Time deposits (2) 48,140 66,904 53,392
37 Other (3) 53,590 53,893 56,475
38 Own foreign offices (4) 609,179 684,987 784,909
39 Banks' custodial
liabilities (5) 171,887 151,626 158,096
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 45,695 36,036 21,981
instruments (8)
43 Other 109,396 99,567 122,538
44 Other foreigners 198,061 228,333 278,431
45 Banks' own liabilities 131,072 147,201 173,180
46 Demand deposits 21,862 13,850 17,471
47 Time deposits (2) 76,189 79,160 78,533
48 Other (3) 33,021 54,191 77,176
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. 152,681
AREA OR COUNTRY
56 Total, all foreigners 1,408,740 1,511,410 1,640,040
57 Foreign countries 1,393,464 1,498,867 1,629,236
58 Europe
59 Austria 441,810 446,788 523,356
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 6,343
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 8,793
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 172,687 167,757 206,641
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 117,495 120,041 117,484
82 Argentina 18,633 19,451 10,637
83 Brazil 12,865 10,852 14,133
84 Chile 7,008 5,892 4,929
85 Colombia 5,669 4,542 4,666
86 Ecuador 1,956 2,112 2,372
87 Guatemala 1,626 1,601 1,878
88 Mexico 30,717 32,166 39,629
89 Panama 4,415 4,240 3,587
90 Peru 1,142 1,427 1,352
91 Uruguay 2,386 3,003 3,160
92 Venezuela 20,192 24,730 24,905
93 Other Latin America (16) 10,886 10,025 6,236
94 Caribbean 461,200 573,337 649,742
95 Bahamas 135,811 189,298 179,189
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. 442,452
99 Cuba 75 90 88
100 Jamaica 520 794 1,179
101 Netherlands Antilles 4,047 5,428 3,165
102 Trinidad and Tobago 595 894 1,266
103 Other Caribbean (16) n.a. n.a. 11,980
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 11,345
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 2,914 4,052 4,372
countries (19)
123 Other 2,844 2,998 3,089
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 July Aug. Sept.
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,519,999 1,509,166 1,489,196
2 Banks' own liabilities 1,098,902 1,077,597 1,056,582
3 Demand deposits 29,949 33,668 34,258
4 Time deposits (2) 174,456 174,196 178,502
5 Other (3) 225,276 206,037 196,294
6 Own foreign offices (4) 669,221 663,696 647,528
7 Banks' custodial
liabilities (5) 421,097 431,569 432,614
8 U.S. Treasury bills and
certificates (6) 160,932 170,724 173,237
9 Short-term agency
securities (7) 61,475 62,805 62,117
10 Other negotiable and
readily transferable 77,199 77,350 75,344
instruments (8)
11 Other 121,491 120,690 121,916
12 Nonmonetary international
and regional 11,255 13,214 13,309
organizations (9)
13 Banks' own liabilities 11,020 12,983 13,075
14 Demand deposits 50 21 36
15 Time deposits (2) 2,896 2,738 2,299
16 Other (3) 8,074 10,224 10,740
17 Banks' custodial
liabilities (5) 235 231 234
18 U.S. Treasury bills and 78 92 118
certificates (6)
19 Short-term agency
securities (7) 132 117 102
20 Other negotiable and
readily transferable
instruments (8) 25 21 13
21 Other 0 1 1
22 Official institutions (10) 295,146 289,471 297,496
23 Banks' own liabilities 108,991 94,150 101,385
24 Demand deposits 2,169 2,934 3,042
25 Time deposits (2) 28,121 26,441 31,971
26 Other (3) 78,701 64,775 66,372
27 Banks' custodial
liabilities (5) 186,155 195,321 196,111
28 U.S. Treasury bills and
certificates (6) 143,288 151,850 153,899
29 Short-term agency
securities (7) 39,971 40,727 39,961
30 Other negotiable and
readily transferable
instruments (8) 2,686 2,558 2,230
31 Other 210 186 21
32 Banks (11) 957,962 955,810 928,746
33 Banks' own liabilities 811,203 809,865 786,741
34 Unaffiliated foreign
banks 141,982 146,169 139,213
35 Demand deposits 12,548 14,585 14,928
36 Time deposits (2) 62,794 64,252 64,816
37 Other (3) 66,640 67,332 59,469
38 Own foreign offices (4) 669,221 663,696 647,528
39 Banks' custodial
liabilities (5) 146,759 145,945 142,005
40 U.S. Treasury bills and
certificates (6) 9,097 9,584 8,784
41 Short-term agency
securities (7) 2,537 2,423 2,629
42 Other negotiable and
readily transferable 27,327 27,274 24,188
instruments (8)
43 Other 107,798 106,664 106,404
44 Other foreigners 255,636 250,671 249,645
45 Banks' own liabilities 167,688 160,599 155,381
46 Demand deposits 15,182 16,128 16,252
47 Time deposits (2) 80,645 80,765 79,416
48 Other (3) 71,861 63,706 59,713
49 Banks' custodial
liabilities (5) 87,948 90,072 94,264
50 U.S. Treasury bills and
certificates (6) 8,469 9,198 10,436
51 Short-term agency
securities (7) 18,835 19,538 19,425
52 Other negotiable and
readily transferable
instruments (8) 47,161 47,497 48,913
53 Other 13,483 13,839 15,490
MEMO
54 Negotiable time certificates
of deposits in custody for
foreigners 22,640 24,442 23,228
55 Repurchase agreements (7) 138,328 132,705 111,109
AREA OR COUNTRY
56 Total, all foreigners 1,519,999 1,509,166 1,489,196
57 Foreign countries 1,508,743 1,495,952 1,475,887
58 Europe
59 Austria 449,794 431,373 414,241
2,040 2,370 2,398
60 Belgium (12) 7,058 6,624 6,424
61 Denmark 2,596 3,294 3,243
62 Finland 1,574 1,003 1,267
63 France 42,709 39,661 38,263
64 Germany 32,363 27,830 20,426
65 Greece 2,288 2,607 2,440
66 Italy 5,877 4,761 5,803
67 Luxembourg (12) 14,578 14,427 15,065
68 Netherlands 11,388 11,553 11,149
69 Norway 3,540 3,961 3,565
70 Portugal 2,700 2,534 2,626
71 Russia 23,968 22,689 22,944
72 Spain 6,974 7,286 8,927
73 Sweden 4,111 3,233 3,760
74 Switzerland 65,942 53,148 39,576
75 Turkey 6,194 7,068 6,203
76 United Kingdom 137,279 138,192 139,289
77 Channel Islands and Isle
of Man (13) 35,018 35,745 36,072
78 Yugoslavia (14) 395 297 321
79 Other Europe and other
former U.S.S.R. (15) 41,202 43,090 44,480
80 Canada 26,437 28,149 26,148
81 Latin America 118,808 120,930 119,457
82 Argentina 13,296 11,260 15,139
83 Brazil 14,369 16,142 16,979
84 Chile 5,443 5,322 5,740
85 Colombia 4,397 4,582 4,449
86 Ecuador 2,145 2,170 2,117
87 Guatemala 1,531 1,469 1,443
88 Mexico 34,766 37,990 37,424
89 Panama 3,701 3,679 3,769
90 Peru 1,599 1,526 1,466
91 Uruguay 2,980 2,993 2,684
92 Venezuela 27,666 26,983 21,869
93 Other Latin America (16) 6,915 6,814 6,378
94 Caribbean 608,639 613,815 596,097
95 Bahamas 183,844 184,769 178,265
96 Bermuda 8,235 7,424 7,538
97 British West Indies (17) n.a. n.a. n.a.
98 Cayman Islands (17) 400,562 406,077 392,289
99 Cuba 88 45 154
100 Jamaica 975 967 958
101 Netherlands Antilles 3,285 3,341 4,584
102 Trinidad and Tobago 1,253 1,428 1,410
103 Other Caribbean (16) 10,397 9,764 10,899
104 Asia 283,786 279,217 300,657
China
105 Mainland 15,587 16,024 16,886
106 Taiwan 23,066 22,759 22,236
107 Hong Kong 26,841 23,837 24,585
108 India 4,413 4,076 4,024
109 Indonesia 11,629 11,987 11,926
110 Israel 8,710 7,715 8,818
111 Japan 134,254 132,307 149,612
112 Korea (South) 7,366 7,046 7,723
113 Philippines 1,657 1,791 1,884
114 Thailand 3,469 3,850 3,445
115 Middle Eastern
oil-exporting
countries (18) 19,221 20,573 20,875
116 Other 27,573 27,252 28,643
117 Africa 12,178 12,194 11,609
118 Egypt 3,526 3,647 3,014
119 Morocco 118 165 235
120 South Africa 839 1,324 810
121 Congo (formerly Zaire) 5 5 2
122 Oil-exporting 4,349 3,839 4,431
countries (19)
123 Other 3,341 3,214 3,117
124 Other countries 9,101 10,274 7,678
125 Australia 8,058 9,290 6,822
126 New Zealand (20) 501 517 437
127 All other 542 467 419
128 Nonmonetary international
and regional
organizations 11,256 13,214 13,309
129 International (21) 10,241 12,090 12,224
130 Latin American
regional (22) 441 509 569
131 Other regional (23) 502 558 476
2001
Item Oct. Nov.
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,563,326 1,670,617 (r)
2 Banks' own liabilities 1,110,907 1,197,054 (r)
3 Demand deposits 29,730 34,709
4 Time deposits (2) 167,665 156,471 (r)
5 Other (3) 207,758 220,824
6 Own foreign offices (4) 705,754 785,050 (r)
7 Banks' custodial
liabilities (5) 452,419 473,563
8 U.S. Treasury bills and
certificates (6) 182,927 191,048
9 Short-term agency
securities (7) 65,652 59,723
10 Other negotiable and
readily transferable 77,465 79,074
instruments (8)
11 Other 126,375 143,718
12 Nonmonetary international
and regional 10,136 11,168 (r)
organizations (9)
13 Banks' own liabilities 9,573 10,332 (r)
14 Demand deposits 40 21
15 Time deposits (2) 2,627 3,133 (r)
16 Other (3) 6,906 7,178
17 Banks' custodial
liabilities (5) 563 836
18 U.S. Treasury bills and 521 779
certificates (6)
19 Short-term agency
securities (7) 18 36
20 Other negotiable and
readily transferable
instruments (8) 13 17
21 Other 11 4
22 Official institutions (10) 301,084 298,223
23 Banks' own liabilities 96,143 92,346
24 Demand deposits 2,496 3,336
25 Time deposits (2) 24,275 18,348
26 Other (3) 69,372 70,662
27 Banks' custodial
liabilities (5) 204,941 205,877
28 U.S. Treasury bills and
certificates (6) 161,081 167,562
29 Short-term agency
securities (7) 41,078 35,037
30 Other negotiable and
readily transferable
instruments (8) 1,946 1,715
31 Other 836 1,563
32 Banks (11) 989,260 1,084,114 (r)
33 Banks' own liabilities 841,959 921,782 (r)
34 Unaffiliated foreign
banks 136,205 136,732 (r)
35 Demand deposits 11,166 13,149
36 Time deposits (2) 61,245 56,606 (r)
37 Other (3) 63,794 66,977
38 Own foreign offices (4) 705,754 785,050 (r)
39 Banks' custodial
liabilities (5) 147,301 162,332
40 U.S. Treasury bills and
certificates (6) 10,288 10,907
41 Short-term agency
securities (7) 2,868 2,470
42 Other negotiable and
readily transferable 23,900 23,384
instruments (8)
43 Other 110,245 125,571
44 Other foreigners 262,846 277,112
45 Banks' own liabilities 163,232 172,594
46 Demand deposits 16,028 18,203
47 Time deposits (2) 79,518 78,384
48 Other (3) 67,686 76,007
49 Banks' custodial
liabilities (5) 99,614 104,518
50 U.S. Treasury bills and
certificates (6) 11,037 11,800
51 Short-term agency
securities (7) 21,688 22,180
52 Other negotiable and
readily transferable
instruments (8) 51,606 53,958
53 Other 15,283 16,580
MEMO
54 Negotiable time certificates
of deposits in custody for
foreigners 22,646 22,778
55 Repurchase agreements (7) 127,516 136,459
AREA OR COUNTRY
56 Total, all foreigners 1,563,326 1,670,617 (r)
57 Foreign countries 1,553,189 1,659,449 (r)
58 Europe
59 Austria 435,308 522,657 (r)
2,117 2,944
60 Belgium (12) 6,960 6,640
61 Denmark 3,752 4,248
62 Finland 1,223 1,135
63 France 49,059 49,692
64 Germany 23,707 23,111
65 Greece 2,409 2,081
66 Italy 5,445 5,913
67 Luxembourg (12) 14,612 16,536
68 Netherlands 12,286 13,079
69 Norway 3,145 3,056
70 Portugal 3,787 3,924
71 Russia 23,431 21,243
72 Spain 9,785 10,595
73 Sweden 3,461 3,705
74 Switzerland 39,706 81,128
75 Turkey 6,749 6,822
76 United Kingdom 143,156 186,351 (r)
77 Channel Islands and Isle
of Man (13) 36,392 36,161
78 Yugoslavia (14) 313 310
79 Other Europe and other
former U.S.S.R. (15) 43,813 43,983
80 Canada 25,522 27,920
81 Latin America 122,103 120,259 (r)
82 Argentina 12,997 10,772
83 Brazil 16,400 14,289
84 Chile 5,415 5,297
85 Colombia 4,589 4,643
86 Ecuador 2,101 2,004
87 Guatemala 1,851 1,934
88 Mexico 40,367 40,243
89 Panama 3,741 3,523 (r)
90 Peru 1,509 1,585
91 Uruguay 3,121 3,299 (r)
92 Venezuela 23,584 26,100
93 Other Latin America (16) 6,428 6,570
94 Caribbean 649,565 669,870 (r)
95 Bahamas 212,415 201,674 (r)
96 Bermuda 9,611 9,209 (r)
97 British West Indies (17) n.a. n.a.
98 Cayman Islands (17) 406,402 439,303 (r)
99 Cuba 86 85
100 Jamaica 880 930
101 Netherlands Antilles 6,094 4,070
102 Trinidad and Tobago 1,509 1,768
103 Other Caribbean (16) 12,568 12,831
104 Asia 301,064 299,103 (r)
China
105 Mainland 17,891 12,378
106 Taiwan 19,194 21,116
107 Hong Kong 23,158 26,305
108 India 3,891 3,916
109 Indonesia 12,351 11,758
110 Israel 7,343 7,742
111 Japan 160,015 157,763
112 Korea (South) 7,747 8,098 (r)
113 Philippines 1,756 2,109
114 Thailand 3,666 4,792
115 Middle Eastern
oil-exporting
countries (18) 18,443 18,620
116 Other 25,609 24,506
117 Africa 12,088 11,222
118 Egypt 2,910 3,110
119 Morocco 331 344
120 South Africa 886 1,018
121 Congo (formerly Zaire) 4 1
122 Oil-exporting 4,980 3,967
countries (19)
123 Other 2,977 2,782
124 Other countries 7,539 8,418
125 Australia 6,584 7,799
126 New Zealand (20) 506 218
127 All other 449 401
128 Nonmonetary international
and regional
organizations 10,137 11,168 (r)
129 International (21) 8,784 9,410 (r)
130 Latin American
regional (22) 480 462
131 Other regional (23) 822 1,234
2001 2002
Item Dec. Jan. (p)
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners 1,640,040 1,583,681
2 Banks' own liabilities 1,174,735 1,110,179
3 Demand deposits 33,582 31,690
4 Time deposits (2) 155,151 147,397
5 Other (3) 201,093 215,773
6 Own foreign offices (4) 784,909 715,319
7 Banks' custodial
liabilities (5) 465,305 473,502
8 U.S. Treasury bills and
certificates (6) 185,925 190,033
9 Short-term agency
securities (7) 59,781 52,588
10 Other negotiable and
readily transferable 80,026 80,197
instruments (8)
11 Other 139,573 150,684
12 Nonmonetary international
and regional 10,804 17,155
organizations (9)
13 Banks' own liabilities 10,166 16,227
14 Demand deposits 34 35
15 Time deposits (2) 3,755 3,689
16 Other (3) 6,377 12,503
17 Banks' custodial
liabilities (5) 638 928
18 U.S. Treasury bills and 577 883
certificates (6)
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) 284,844 290,660
23 Banks' own liabilities 83,524 89,185
24 Demand deposits 2,988 2,877
25 Time deposits (2) 19,471 15,141
26 Other (3) 61,065 71,167
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) 1,065,961 1,003,214
33 Banks' own liabilities 907,865 834,724
34 Unaffiliated foreign
banks 122,956 119,405
35 Demand deposits 13,089 10,376
36 Time deposits (2) 53,392 50,477
37 Other (3) 56,475 58,552
38 Own foreign offices (4) 784,909 715,319
39 Banks' custodial
liabilities (5) 158,096 168,490
40 U.S. Treasury bills and
certificates (6) 11,499 10,181
41 Short-term agency
securities (7) 2,078 2,598
42 Other negotiable and
readily transferable 21,981 22,886
instruments (8)
43 Other 122,538 132,825
44 Other foreigners 278,431 272,652
45 Banks' own liabilities 173,180 170,043
46 Demand deposits 17,471 18,402
47 Time deposits (2) 78,533 78,090
48 Other (3) 77,176 73,551
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 22,022
55 Repurchase agreements (7) 152,681 130,178
AREA OR COUNTRY
56 Total, all foreigners 1,640,040 (r) 1,583,681
57 Foreign countries 1,629,236 (r) 1,566,526
58 Europe
59 Austria 523,356 (r) 506,548
2,919 3,200
60 Belgium (12) 6,548 6,363
61 Denmark 3,625 3,148
62 Finland 1,445 1,371
63 France 49,034 45,553
64 Germany 22,342 23,753
65 Greece 2,303 2,702
66 Italy 6,343 5,587
67 Luxembourg (12) 16,875 15,100
68 Netherlands 12,404 13,350
69 Norway 3,725 4,975
70 Portugal 4,029 4,366
71 Russia 20,782 19,758
72 Spain 8,793 12,597
73 Sweden 3,371 3,101
74 Switzerland 66,380 80,804
75 Turkey 7,472 8,087
76 United Kingdom 206,641 (r) 172,450
77 Channel Islands and Isle
of Man (13) 36,057 (r) 36,472
78 Yugoslavia (14) 309 298
79 Other Europe and other
former U.S.S.R. (15) 41,959 (r) 43,513
80 Canada 27,099 27,986
81 Latin America 117,484 (r) 115,226
82 Argentina 10,637 (r) 9,843
83 Brazil 14,133 (r) 13,095
84 Chile 4,929 (r) 5,268
85 Colombia 4,666 (r) 4,482
86 Ecuador 2,372 2,214
87 Guatemala 1,878 1,854
88 Mexico 39,629 (r) 40,118
89 Panama 3,587 (r) 3,511
90 Peru 1,352 1,335
91 Uruguay 3,160 (r) 2,643
92 Venezuela 24,905 (r) 24,205
93 Other Latin America (16) 6,236 (r) 6,658
94 Caribbean 649,742 (r) 615,975
95 Bahamas 179,189 (r) 166,576
96 Bermuda 10,423 (r) 9,568
97 British West Indies (17) n.a. n.a.
98 Cayman Islands (17) 442,452 (r) 423,065
99 Cuba 88 88
100 Jamaica 1,179 (r) 1,103
101 Netherlands Antilles 3,165 (r) 3,465
102 Trinidad and Tobago 1,266 1,977
103 Other Caribbean (16) 11,980 (r) 10,133
104 Asia 293,969 (r) 280,285
China
105 Mainland 10,472 8,470
106 Taiwan 17,562 16,931
107 Hong Kong 26,494 25,212
108 India 3,703 3,761
109 Indonesia 12,381 11,890
110 Israel 7,826 10,710
111 Japan 155,260 146,906
112 Korea (South) 9,014 (r) 6,712
113 Philippines 1,764 1,901
114 Thailand 4,742 4,649
115 Middle Eastern
oil-exporting
countries (18) 20,022 17,838
116 Other 24,729 (r) 25,305
117 Africa 11,345 12,969
118 Egypt 2,774 4,267
119 Morocco 273 (r) 242
120 South Africa 833 1,131
121 Congo (formerly Zaire) 4 6
122 Oil-exporting 4,372 4,160
countries (19)
123 Other 3,089 (r) 3,163
124 Other countries 6,241 (r) 7,537
125 Australia 5,590 (r) 6,752
126 New Zealand (20) 239 (r) 372
127 All other 412 413
128 Nonmonetary international
and regional
organizations 10,804 (r) 17,155
129 International (21) 9,305 15,481
130 Latin American
regional (22) 480 443
131 Other regional (23) 935 (r) 1,153
(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-team 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
Area or country 1999 2000 2001
1 Total, all foreigners 793,139 904,642 1,039,252
2 Foreign countries 788,576 899,956 1,034,325
3 Europe 311,686 378,115 461,541
4 Austria 2,643 2,926 5,006
5 Belgium (2) 10,193 5,399 6,339
6 Denmark 1,669 3,272 1,105
7 Finland 2,020 7,382 10,350
8 France 29,142 40,035 60,670
9 Germany 29,205 36,834 29,902
10 Greece 806 646 330
11 Italy 8,496 7,629 4,205
12 Luxembourg (2) n.a. n.a. 1,267
13 Netherlands 11,810 17,043 15,927
14 Norway 1,000 5,012 6,249
15 Portugal 1,571 1,382 1,603
16 Russia 713 517 594
17 Spain 3,796 2,603 3,231
18 Sweden 3,264 9,226 12,544
19 Switzerland 79,158 82,085 87,363
20 Turkey 2,617 3,059 2,124
21 United Kingdom 115,971 144,938 201,494
22 Channel Islands and Isle
of Man (3) n.a. n.a. 4,478
23 Yugoslavia (4) 50 50 n.a.
24 Other Europe and other
former U.S.S.R. (5) 7,562 8,077 6,760
25 Canada 37,206 39,837 54,411
26 Latin America 74,040 76,561 69,762
27 Argentina 10,894 11,519 10,763
28 Brazil 16,987 20,567 19,434
29 Chile 6,607 5,815 5,317
30 Colombia 4,524 4,370 3,602
31 Ecuador 760 635 495
32 Guatemala 1,135 1,244 1,495
33 Mexico 17,899 17,415 16,522
34 Panama 3,387 2,933 3,066
35 Peru 2,529 2,807 2,185
36 Uruguay 801 673 447
37 Venezuela 3,494 3,518 3,077
38 Other Latin America (6) 5,023 5,065 3,359
39 Caribbean 281,128 319,403 354,819
40 Bahamas 99,066 114,090 97,372
41 Bermuda 8,007 9,260 7,900
42 British West Indies (7) 167,189 189,289 n.a.
43 Cayman Islands (7) n.a. n.a. 237,912
44 Cuba 0 0 n.a.
45 Jamaica 295 355 418
46 Netherlands Antilles 5,982 5,801 6,729
47 Trinidad and Tobago 589 608 931
48 Other Caribbean (6) n.a. n.a. 3,557
49 Asia 75,143 77,829 85,816
China
50 Mainland 2,110 1,606 2,073
51 Taiwan 1,390 2,247 4,407
52 Hong Kong 5,903 6,669 9,955
53 India 1,738 2,178 1,348
54 Indonesia 1,776 1,914 1,752
55 Israel 1,875 2,729 4,396
56 Japan 28,641 34,974 34,125
57 Korea (South) 9,426 7,776 10,622
58 Philippines 1,410 1,784 2,587
59 Thailand 1,515 1,381 2,499
60 Middle Eastern
oil-exporting countries
(8) 14,267 9,346 7,882
61 Other 5,092 5,225 4,170
62 Africa 2,268 2,094 2,135
63 Egypt 258 201 416
64 Morocco 352 204 106
65 South Africa 622 309 710
66 Congo (formerly Zaire) 24 0 n.a.
67 Oil-exporting countries
(9) 276 471 167
68 Other 736 909 736
69 Other countries 7,105 6,117 5,841
70 Australia 6,824 5,868 5,454
71 New Zealand (10) n.a. n.a. 349
72 All other 281 249 38
73 Nonmonetary international
and regional
organizations (11) 4,563 4,686 4,927
2001
Area or country July Aug. Sept. Oct.
1 Total, all foreigners 975,314 948,790 956,986 993,102
2 Foreign countries 970,460 944,239 952,510 988,207
3 Europe 441,780 413,717 406,726 413,853
4 Austria 2,714 3,130 3,116 3,848
5 Belgium (2) 9,184 4,451 4,780 6,424
6 Denmark 1,345 1,570 1,672 933
7 Finland 8,666 8,350 10,917 12,065
8 France 56,997 56,342 51,709 60,732
9 Germany 47,378 47,744 37,802 39,565
10 Greece 369 278 288 333
11 Italy 5,466 6,227 6,639 7,750
12 Luxembourg (2) 914 1,010 910 1,088
13 Netherlands 16,875 16,309 18,408 17,256
14 Norway 4,379 3,851 4,835 3,617
15 Portugal 1,050 1,232 1,285 1,164
16 Russia 589 877 676 863
17 Spain 3,955 3,431 4,662 3,713
18 Sweden 11,507 11,651 12,216 11,800
19 Switzerland 96,036 79,942 72,545 71,968
20 Turkey 2,499 2,407 2,307 2,324
21 United Kingdom 161,232 157,531 163,164 158,423
22 Channel Islands and Isle
of Man (3) 3,417 3,162 3,900 3,783
23 Yugoslavia (4) 4 4 4 4
24 Other Europe and other
former U.S.S.R. (5) 7,204 4,218 4,891 6,200
25 Canada 43,293 42,832 50,279 48,773
26 Latin America 73,405 76,349 74,667 74,177
27 Argentina 12,317 13,076 12,093 11,603
28 Brazil 20,941 22,152 22,481 21,427
29 Chile 5,217 5,379 5,240 5,423
30 Colombia 3,625 3,720 3,604 3,564
31 Ecuador 515 505 508 507
32 Guatemala 1,148 1,276 1,262 1,568
33 Mexico 17,476 17,582 16,947 17,272
34 Panama 3,190 3,199 3,212 3,426
35 Peru 2,516 2,422 2,440 2,435
36 Uruguay 410 453 459 492
37 Venezuela 2,913 3,417 3,225 3,221
38 Other Latin America (6) 3,137 3,168 3,196 3,239
39 Caribbean 317,628 326,661 333,330 356,456
40 Bahamas 100,133 99,046 114,763 124,546
41 Bermuda 7,236 6,803 6,974 11,440
42 British West Indies (7) n.a. n.a. n.a. n.a.
43 Cayman Islands (7) 198,911 204,753 197,100 207,916
44 Cuba n.a. n.a. n.a. n.a.
45 Jamaica 326 367 369 380
46 Netherlands Antilles 5,617 10,228 9,818 7,647
47 Trinidad and Tobago 989 1,086 959 858
48 Other Caribbean (6) 4,416 4,378 3,347 3,669
49 Asia 86,714 77,445 80,734 87,331
China
50 Mainland 3,785 2,191 3,462 4,118
51 Taiwan 2,906 2,780 3,276 4,244
52 Hong Kong 7,488 5,743 6,432 5,161
53 India 1,576 1,622 1,576 1,561
54 Indonesia 2,011 1,975 1,944 1,965
55 Israel 4,483 3,621 3,622 3,980
56 Japan 36,953 34,922 32,349 39,940
57 Korea (South) 12,803 10,701 11,788 11,137
58 Philippines 2,333 1,740 2,151 1,505
59 Thailand 1,119 1,440 1,172 1,470
60 Middle Eastern
oil-exporting countries
(8) 8,531 8,267 7,953 8,290
61 Other 2,726 2,443 5,009 3,960
62 Africa 2,038 2,052 1,872 1,878
63 Egypt 391 389 397 381
64 Morocco 173 151 154 148
65 South Africa 608 661 493 443
66 Congo (formerly Zaire) n.a. 2 n.a. n.a.
67 Oil-exporting countries
(9) 130 128 148 169
68 Other 736 721 680 737
69 Other countries 5,602 5,183 4,902 5,739
70 Australia 5,143 4,807 3,982 5,402
71 New Zealand (10) 360 264 329 275
72 All other 99 112 591 62
73 Nonmonetary international
and regional
organizations (11) 4,854 4,551 4,476 4,904
2001 2002
Area or country Nov. Dec. Jan. (p)
1 Total, all foreigners 1,052,016 (r) 1,039,252 1,000,651
2 Foreign countries 1,046,758 (r) 1,034,325 996,801
3 Europe 498,286 (r) 461,541 464,229
4 Austria 3,412 5,006 4,063
5 Belgium (2) 7,994 6,339 6,426
6 Denmark 2,507 1,105 1,649
7 Finland 11,010 10,350 14,431
8 France 58,769 60,670 56,285
9 Germany 36,295 (r) 29,902 31,189
10 Greece 327 330 327
11 Italy 6,321 4,205 4,453
12 Luxembourg (2) 1,392 1,267 1,601
13 Netherlands 17,173 15,927 13,879
14 Norway 4,603 6,249 4,779
15 Portugal 1,709 1,603 1,969
16 Russia 680 594 687
17 Spain 5,398 3,231 5,363
18 Sweden 12,897 12,544 11,924
19 Switzerland 121,798 87,363 95,331
20 Turkey 2,243 2,124 2,147
21 United Kingdom 194,372 (r) 201,494 196,387
22 Channel Islands and Isle
of Man (3) 3,819 4,478 3,747
23 Yugoslavia (4) n.a. n.a. n.a.
24 Other Europe and other
former U.S.S.R. (5) 5,567 6,760 7,592
25 Canada 50,792 54,411 49,946
26 Latin America 72,924 (r) 69,762 69,419
27 Argentina 11,350 (r) 10,763 10,437
28 Brazil 20,453 19,434 19,700
29 Chile 5,522 5,317 5,200
30 Colombia 3,598 3,602 3,563
31 Ecuador 504 495 465
32 Guatemala 1,522 1,495 1,417
33 Mexico 16,996 16,522 17,034
34 Panama 3,415 3,066 2,765
35 Peru 2,369 2,185 2,125
36 Uruguay 540 447 437
37 Venezuela 3,306 3,077 3,181
38 Other Latin America (6) 3,349 3,359 3,095
39 Caribbean 325,937 354,819 324,579
40 Bahamas 97,916 97,372 87,527
41 Bermuda 6,015 7,900 7,016
42 British West Indies (7) n.a. n.a. n.a.
43 Cayman Islands (7) 207,864 237,912 217,996
44 Cuba n.a. n.a. n.a.
45 Jamaica 406 418 383
46 Netherlands Antilles 9,583 6,729 7,594
47 Trinidad and Tobago 880 931 940
48 Other Caribbean (6) 3,273 3,557 3,123
49 Asia 91,337 85,816 80,607
China
50 Mainland 4,427 2,073 3,515
51 Taiwan 3,897 4,407 3,422
52 Hong Kong 7,984 9,955 7,657
53 India 1,609 1,348 1,167
54 Indonesia 1,935 1,752 1,768
55 Israel 4,592 4,396 4,211
56 Japan 34,665 34,125 30,973
57 Korea (South) 14,742 10,622 12,681
58 Philippines 2,021 2,587 1,951
59 Thailand 1,283 2,499 1,743
60 Middle Eastern
oil-exporting countries
(8) 10,088 7,882 7,559
61 Other 4,094 4,170 3,960
62 Africa 2,108 2,135 2,043
63 Egypt 477 416 324
64 Morocco 116 106 100
65 South Africa 571 710 700
66 Congo (formerly Zaire) 1 n.a. n.a.
67 Oil-exporting countries
(9) 179 167 195
68 Other 764 736 724
69 Other countries 5,374 5,841 5,978
70 Australia 4,964 5,454 5,334
71 New Zealand (10) 330 349 603
72 All other 80 38 41
73 Nonmonetary international
and regional
organizations (11) 5,258 4,927 3,850
(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."
International Statistics [] May 2002
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
2001
Type of claim 1999 2000 2001 July
1 Total 944,937 1,095,869 1,241,631 ...
2 Banks' claims 793,139 904,642 1,039,252 975,314
3 Foreign public
borrowers 35,090 37,907 48,999 55,767
4 Own foreign offices
(2) 529,682 630,137 733,274 660,538
5 Unaffilliated foreign
banks 97,186 95,243 100,323 94,593
6 Deposits 34,538 23,886 25,942 24,399
7 Other 62,648 71,357 74,381 70,194
8 All other foreigners 131,181 141,355 156,656 164,416
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. 137,984 131,731
15 Dollar deposits in
banks abroad,
reported by
nonbanking business
enterprises in the
United States (6) 31,125 53,153 60,711 60,152
2001
Type of claim Aug. Sept. Oct.
1 Total ... 1,129,766 (r) ...
2 Banks' claims 948,790 956,986 993,102
3 Foreign public
borrowers 47,161 45,782 49,327
4 Own foreign offices
(2) 652,434 657,672 678,931
5 Unaffilliated foreign
banks 84,545 92,177 92,517
6 Deposits 15,590 19,803 22,533
7 Other 68,955 72,374 69,984
8 All other foreigners 164,650 161,355 172,327
9 Claims of banks'
domestic customers
(3) ... 172,780 (r) ...
10 Deposits ... 71,537 (r) ...
11 Negotiable and
readily
transferable
instruments (4) ... 91,408 (r) ...
12 Outstanding
collections and
other claims ... 9,835 (r) ...
MEMO
13 Customer liability on
acceptances ... 2,468 ...
14 Banks' loans under
resale agreements (5) 117,224 111,844 144,250
15 Dollar deposits in
banks abroad,
reported by
nonbanking business
enterprises in the
United States (6) 60,299 54,932 57,698
2001 2002
Type of claim Nov. (r) Dec. (r) Jan. (p)
1 Total ... 1,241,631 ...
2 Banks' claims 1,052,016 1,039,252 1,000,651
3 Foreign public
borrowers 56,590 48,999 52,817
4 Own foreign offices
(2) 721,783 733,274 694,877
5 Unaffilliated foreign
banks 100,274 100,323 97,752
6 Deposits 29,664 25,942 26,347
7 Other 70,610 74,381 71,405
8 All other foreigners 173,369 156,656 155,205
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) 144,901 137,984 118,856
15 Dollar deposits in
banks abroad,
reported by
nonbanking business
enterprises in the
United States (6) 66,930 60,711 54,563
(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 others (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
1 Total 307,564 (r) 302,060 (r)
By borrower
2 Maturity of one year or less 194,943 (r) 191,738 (r)
3 Foreign public borrowers 23,701 (r) 26,621 (r)
4 All other foreigners 171,242 (r) 165,117 (r)
5 Maturity of more than one year 112,621 (r) 110,322 (r)
6 Foreign public borrowers 24,991 (r) 25,018 (r)
7 All other foreigners 87,630 85,304
By area
Maturity of one year or less
8 Europe 89,553 80,682
9 Canada 7,050 (r) 8,624 (r)
10 Latin America and Caribbean 72,242 (r) 72,848 (r)
11 Asia 20,730 24,124
12 Africa 970 971
13 All others (3) 4,398 4,489
Maturity of more than one year
14 Europe 38,259 39,944
15 Canada 3,252 3,995
16 Latin America and Caribbean 50,151 (r) 47,068 (r)
17 Asia 17,187 15,240
18 Africa 763 774
19 All other (3) 3,009 3,301
2001
Maturity, by borrower
and area (2) Sept. Dec. (p)
1 Total 298,514 304,595
By borrower
2 Maturity of one year or less 178,185 199,825
3 Foreign public borrowers 19,994 27,274
4 All other foreigners 158,191 172,551
5 Maturity of more than one year 120,329 104,770
6 Foreign public borrowers 24,903 21,064
7 All other foreigners 95,426 83,706
By area
Maturity of one year or less
8 Europe 70,700 83,087
9 Canada 7,897 10,062
10 Latin America and Caribbean 75,289 70,419
11 Asia 19,381 29,642
12 Africa 707 1,144
13 All others (3) 4,211 5,471
Maturity of more than one year
14 Europe 41,594 34,064
15 Canada 4,292 3,633
16 Latin America and Caribbean 52,517 47,237
17 Asia 17,491 15,185
18 Africa 798 769
19 All other (3) 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.
Bank-Reported Data
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
Area or country 1997 1998 Dec.
1 Total 721.8 1,051.6 945.5
2 G-10 countries and Switzerland 242.8 217.7 243.4
3 Belgium and Luxembourg 11.0 10.7 14.3
4 France 15.4 18.4 29.0
5 Germany 28.6 30.9 38.7
6 Italy 15.5 11.5 18.1
7 Netherlands 6.2 7.8 12.3
8 Sweden 3.3 2.3 3.0
9 Switzerland 7.2 8.5 10.3
10 United Kingdom 113.4 85.4 79.3
11 Canada 13.7 16.8 16.3
12 Japan 28.6 25.4 22.1
13 Other industrialized countries 65.5 69.0 68.4
14 Austria 1.5 1.4 3.5
15 Denmark 2.4 2.2 2.6
16 Finland 1.3 1.4 .9
17 Greece 5.1 5.9 6.0
18 Norway 3.6 3.2 3.3
19 Portugal .9 1.4 1.0
20 Spain 12.6 13.7 12.1
21 Turkey 4.5 4.8 4.8
22 Other Western Europe 8.3 10.4 6.8
23 South Africa 2.2 4.4 3.8
24 Australia 23.1 20.3 23.5
25 OPEC (2) 26.0 27.1 31.4
26 Ecuador 1.3 1.3 .8
27 Venezuela 2.5 3.2 2.8
28 Indonesia 6.7 4.7 4.2
29 Middle East countries 14.4 17.0 23.1
30 African countries 1.2 1.0 .5
31 Non-OPEC developing countries 139.2 143.4 149.4
Latin America
32 Argentina 18.4 23.1 23.2
33 Brazil 28.6 24.7 27.7
34 Chile 8.7 8.3 7.4
35 Colombia 3.4 3.2 2.5
36 Mexico 17.4 18.9 18.7
37 Peru 2.0 2.2 1.7
38 Other 4.1 5.4 5.9
Asia
China
39 Mainland 3.2 3.0 3.6
40 Taiwan 9.5 13.3 12.0
41 India 4.9 5.5 7.7
42 Israel .7 1.1 1.8
43 Korea (South) 15.6 13.7 15.2
44 Malaysia 5.1 5.6 6.1
45 Philippines 5.7 5.1 6.2
46 Thailand 5.4 4.7 4.1
47 Other Asia 4.3 2.9 2.9
Africa
48 Egypt .9 1.3 1.4
49 Morocco .6 .5 .4
50 Zaire .0 .0 .0
51 Other Africa (3) .8 1.0 1.0
52 Eastern Europe 9.1 5.5 5.2
53 Russia (4) 5.1 2.2 1.6
54 Other 4.0 3.3 3.6
55 Offshore banking centers 140.2 93.9 59.9
56 Bahamas 24.2 35.4 13.7
57 Bermuda 9.8 4.6 8.0
58 Cayman Islands and other
British West Indies 43.4 12.8 1.3
59 Netherlands Antilles 14.6 2.6 1.7
60 Panama (5) 3.1 3.9 3.9
61 Lebanon .1 .1 .1
62 Hong Kong, China 32.2 23.3 21.0
63 Singapore 12.7 11.1 10.1
64 Other (6) .1 .2 .1
65 Miscellaneous and
unallocated (7) 99.1 495.1 387.9
2000
Area or country Mar. June Sept.
1 Total 955.0 991.0 954.4
2 G-10 countries and Switzerland 272.4 313.6 280.3
3 Belgium and Luxembourg 14.2 13.9 13.0
4 France 27.1 32.6 29.0
5 Germany 37.3 31.5 37.6
6 Italy 19.9 20.5 18.6
7 Netherlands 17.0 16.0 17.5
8 Sweden 3.9 3.5 4.3
9 Switzerland 10.1 13.8 10.9
10 United Kingdom 101.9 138.2 112.8
11 Canada 17.3 18.2 18.5
12 Japan 23.5 25.4 18.1
13 Other industrialized countries 62.7 75.3 73.7
14 Austria 2.6 2.8 3.5
15 Denmark 1.5 1.2 1.8
16 Finland .8 1.2 2.8
17 Greece 5.7 6.7 6.4
18 Norway 3.0 4.6 8.5
19 Portugal 1.0 2.0 1.5
20 Spain 11.3 12.2 10.5
21 Turkey 5.1 5.6 5.6
22 Other Western Europe 8.4 7.9 8.3
23 South Africa 4.8 4.6 4.2
24 Australia 18.6 26.3 20.5
25 OPEC (2) 28.9 32.1 31.4
26 Ecuador .7 .7 .6
27 Venezuela 3.0 2.9 2.9
28 Indonesia 3.9 4.1 4.4
29 Middle East countries 21.1 23.8 22.4
30 African countries .2 .7 1.2
31 Non-OPEC developing countries 154.6 158.1 149.5
Latin America
32 Argentina 22.4 21.6 21.4
33 Brazil 28.1 28.3 28.5
34 Chile 8.2 8.1 7.3
35 Colombia 2.5 2.4 2.4
36 Mexico 18.3 20.4 17.5
37 Peru 1.9 2.1 2.1
38 Other 6.5 6.7 6.2
Asia
China
39 Mainland 4.6 3.8 3.4
40 Taiwan 12.6 12.6 12.8
41 India 7.9 8.2 5.8
42 Israel 3.3 1.5 1.1
43 Korea (South) 17.7 21.7 21.4
44 Malaysia 6.5 6.8 6.9
45 Philippines 5.3 5.3 4.7
46 Thailand 4.3 4.0 3.9
47 Other Asia 2.0 1.9 1.7
Africa
48 Egypt 1.4 1.3 1.1
49 Morocco .3 .3 .4
50 Zaire .0 .0 .0
51 Other Africa (3) .9 .9 .8
52 Eastern Europe 6.3 9.4 9.0
53 Russia (4) 1.7 1.5 1.4
54 Other 4.7 7.9 7.6
55 Offshore banking centers 53.9 60.6 59.4
56 Bahamas 14.4 8.8 9.3
57 Bermuda 7.3 6.3 6.3
58 Cayman Islands and other
British West Indies .0 5.1 5.9
59 Netherlands Antilles 2.5 2.6 1.9
60 Panama (5) 3.4 3.3 2.5
61 Lebanon .1 .1 .1
62 Hong Kong, China 22.2 20.7 20.6
63 Singapore 4.1 13.6 12.6
64 Other (6) .1 .1 .1
65 Miscellaneous and
unallocated (7) 376.1 342.1 351.1
2000 2001
Area or country Dec. Mar. June
1 Total 1,027.3 1,144.1 (r) 1,139.9 (r)
2 G-10 countries and Switzerland 300.7 336.5 (r) 338.9 (r)
3 Belgium and Luxembourg 14.2 15.3 13.0
4 France 29.6 30.0 35.9
5 Germany 45.1 45.2 51.6
6 Italy 21.3 20.4 23.7
7 Netherlands 18.4 22.3 (r) 18.7 (r)
8 Sweden 3.6 4.7 4.7
9 Switzerland 13.2 13.9 13.5
10 United Kingdom 115.6 141.5 (r) 128.0 (r)
11 Canada 16.7 15.4 21.3
12 Japan 23.0 28.0 28.3
13 Other industrialized countries 74.5 75.7 70.2
14 Austria 4.1 3.8 3.6
15 Denmark 1.9 3.1 2.7
16 Finland 1.5 1.4 1.2
17 Greece 8.3 4.1 3.6
18 Norway 8.3 10.2 7.9
19 Portugal 2.0 1.9 1.4
20 Spain 10.3 12.6 12.4
21 Turkey 5.9 5.1 4.5
22 Other Western Europe 6.5 7.3 6.9
23 South Africa 3.6 4.1 3.8
24 Australia 22.1 21.9 22.1
25 OPEC (2) 28.9 28.2 27.0
26 Ecuador .6 .6 .6
27 Venezuela 2.5 2.7 2.6
28 Indonesia 4.6 4.4 4.1
29 Middle East countries 20.3 20.1 19.3
30 African countries .8 .5 .4
31 Non-OPEC developing countries 145.5 149.8 157.3
Latin America
32 Argentina 21.4 20.9 19.7
33 Brazil 28.8 29.3 30.8
34 Chile 7.6 7.3 7.0
35 Colombia 2.4 2.4 2.4
36 Mexico 15.7 16.7 16.3
37 Peru 2.0 2.0 2.0
38 Other 6.3 8.5 8.2
Asia
China
39 Mainland 2.9 3.2 6.7
40 Taiwan 10.8 11.1 10.7
41 India 9.1 6.5 11.8
42 Israel 2.7 2.2 2.0
43 Korea (South) 15.5 19.8 19.2
44 Malaysia 7.1 6.5 6.7
45 Philippines 5.1 5.2 5.4
46 Thailand 4.0 4.2 4.2
47 Other Asia 1.9 1.7 1.8
Africa
48 Egypt 1.1 1.2 1.2
49 Morocco .3 .3 .3
50 Zaire .0 .0 .0
51 Other Africa (3) .7 .7 .7
52 Eastern Europe 10.1 9.5 9.5
53 Russia (4) 1.0 1.5 1.5
54 Other 9.1 8.0 8.0
55 Offshore banking centers 76.3 72.0 58.8
56 Bahamas 13.5 7.0 .0
57 Bermuda 9.0 7.9 5.7
58 Cayman Islands and other
British West Indies 14.6 14.3 12.6
59 Netherlands Antilles 1.9 2.9 1.7
60 Panama (5) 3.2 3.8 3.4
61 Lebanon .1 .1 .1
62 Hong Kong, China 18.7 21.5 22.3
63 Singapore 15.2 14.5 12.9
64 Other (6) .2 .1 .1
65 Miscellaneous and
unallocated (7) 391.2 472.4 478.4
2001
Area or country Sept. Dec. (p)
1 Total 1,279.4 (r) 971.5
2 G-10 countries and Switzerland 294.9 (r) 466.6
3 Belgium and Luxembourg 14.3 18.6
4 France 34.4 39.1
5 Germany 41.0 42.9
6 Italy 22.8 21.0
7 Netherlands 20.7 (r) 19.3
8 Sweden 5.3 5.4
9 Switzerland 13.0 12.6
10 United Kingdom 96.1 255.5
11 Canada 20.3 19.1
12 Japan 26.8 33.1
13 Other industrialized countries 70.2 70.2
14 Austria 4.4 4.8
15 Denmark 2.6 2.6
16 Finland 1.3 1.1
17 Greece 3.6 3.2
18 Norway 6.1 8.1
19 Portugal 1.4 1.6
20 Spain 13.9 12.1
21 Turkey 4.1 3.9
22 Other Western Europe 6.8 8.4
23 South Africa 4.4 3.9
24 Australia 21.6 20.6
25 OPEC (2) 27.5 27.3
26 Ecuador .6 .6
27 Venezuela 2.6 2.4
28 Indonesia 3.9 3.7
29 Middle East countries 20.0 20.3
30 African countries .4 .3
31 Non-OPEC developing countries 199.9 191.0
Latin America
32 Argentina 19.2 19.2
33 Brazil 30.9 28.0
34 Chile 6.4 7.0
35 Colombia 2.5 2.5
36 Mexico 58.3 56.0
37 Peru 1.9 1.8
38 Other 8.0 8.8
Asia
China
39 Mainland 5.9 5.0
40 Taiwan 10.8 12.2
41 India 14.1 6.9
42 Israel 3.2 3.7
43 Korea (South) 19.4 18.6
44 Malaysia 6.1 6.7
45 Philippines 5.3 5.6
46 Thailand 3.9 5.1
47 Other Asia 1.6 1.9
Africa
48 Egypt 1.4 1.2
49 Morocco .3 .1
50 Zaire .0 .0
51 Other Africa (3) .7 .7
52 Eastern Europe 9.8 10.1
53 Russia (4) 1.4 1.6
54 Other 8.5 8.5
55 Offshore banking centers 69.1 72.2
56 Bahamas 1.0 7.4
57 Bermuda 7.6 7.6
58 Cayman Islands and other
British West Indies 18.1 16.8
59 Netherlands Antilles 5.8 2.8
60 Panama (5) 3.4 3.2
61 Lebanon .1 .1
62 Hong Kong, China 17.9 18.8
63 Singapore 15.2 15.4
64 Other (6) .0 .1
65 Miscellaneous and
unallocated (7) 608.0 133.9
(1.) The banking offices covered by these data include U.S. offices
and foreign branches of U.S. banks, including U.S. banks that are
subsidiaries of foreign banks. Offices not covered include U.S.
agencies and branches of foreign banks. Beginning March 1994, the
data include large foreign subsidiaries of U.S. banks. The data also
include other types of U.S. depository institutions as well as some
types of brokers and dealers. To eliminate duplication, the data are
adjusted to exclude the claims on foreign branches held by a U.S.
office or another foreign branch of the same banking institution.
These data are on a gross claims basis and do not necessarily
reflect the ultimate country risk or exposure of U.S. banks. More
complete data on the country risk exposure of U.S. banks are
available in the quarterly Country Exposure Lending Survey
published by the Federal Financial Institutions Examination Council.
(2.) Organization of Petroleum Exporting Countries, shown
individually; other members of OPEC (Algeria, Gabon, Iran, Iraq,
Kuwait, Libya, Nigeria: Qatar, Saudi Arabia, and United Arab
Emirates), and Bahrain and Oman (not formally members of OPEC).
(3.) Excludes Liberia. Beginning March 1994 includes Namibia.
(4.) As of December 1992, excludes other republics of the former
Soviet Union.
(5.) Includes Canal Zone.
(6.) Foreign branch claims only.
(7.) Includes New Zealand, Liberia, and international and
regional organizations.
International Statistics [] May 2002
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 1997 1998 1999
1 Total 57,382 46,570 53,044
2 Payable in dollars 41,543 36,668 37,605
3 Payable in foreign currencies 15,839 9,902 15,415
By type
4 Financial liabilities 26,877 19,255 27,980
5 Payable in dollars 12,630 10,371 13,883
6 Payable in foreign currencies 14,247 8,884 14,097
7 Commercial liabilities 30,505 27,315 25,064
8 Trade payables 10,904 10,978 12,857
9 Advance receipts and other
liabilities 19,601 16,337 12,207
10 Payable in dollars 28,913 26,297 23,722
11 Payable in foreign currencies 1,592 1,018 1,318
By area or country
Financial liabilities
12 Europe 18,027 12,589 23,241
13 Belgium and Luxembourg 186 79 31
14 France 1,425 1,097 1,659
15 Germany 1,958 2,063 1,974
16 Netherlands 494 1,406 1,996
17 Switzerland 561 155 147
18 United Kingdom 11,667 5,980 16,521
19 Canada 2,374 693 284
20 Latin America and Caribbean 1,386 1,495 892
21 Bahamas 141 7 1
22 Bermuda 229 101 5
23 Brazil 143 152 126
24 British West Indies 604 957 492
25 Mexico 26 59 25
26 Venezuela 1 2 0
27 Asia 4,387 3,785 3,437
28 Japan 4,102 3,612 3,142
29 Middle Eastern oil-exporting
countries (1) 27 0 4
30 Africa 60 28 28
31 Oil-exporting countries (2) 0 0 0
32 All other (3) 643 665 98
Commercial liabilities
33 Europe 10,228 10,030 9,262
34 Belgium and Luxembourg 666 278 140
35 France 764 920 672
36 Germany 1,274 1,392 1,131
37 Netherlands 439 429 507
38 Switzerland 375 499 626
39 United Kingdom 4,086 3,697 3,071
40 Canada 1,175 1,390 1,775
41 Latin America and Caribbean 2,176 1,618 2,310
42 Bahamas 16 14 22
43 Bermuda 203 198 152
44 Brazil 220 152 145
45 British West Indies 12 10 48
46 Mexico 565 347 887
47 Venezuela 261 202 305
48 Asia 14,966 12,342 9,886
49 Japan 4,500 3,827 2,609
50 Middle Eastern oil-exporting
countries (1) 3,111 2,852 2,551
51 Africa 874 794 950
52 Oil-exporting countries (2) 408 393 499
53 Other (3) 1,086 1,141 881
2000
Type of liability,
and area or country June Sept. Dec.
1 Total 70,534 76,644 73,904
2 Payable in dollars 47,864 51,451 48,931
3 Payable in foreign currencies 22,670 25,193 24,973
By type
4 Financial liabilities 44,068 49,895 47,419
5 Payable in dollars 22,803 26,159 25,246
6 Payable in foreign currencies 21,265 23,736 22,173
7 Commercial liabilities 26,466 26,749 26,485
8 Trade payables 13,764 13,918 14,293
9 Advance receipts and other
liabilities 12,702 12,831 12,192
10 Payable in dollars 25,061 25,292 23,685
11 Payable in foreign currencies 1,405 1,457 2,800
By area or country
Financial liabilities
12 Europe 30,332 36,175 34,172
13 Belgium and Luxembourg 163 169 147
14 France 1,702 1,299 1,480
15 Germany 1,671 2,132 2,168
16 Netherlands 2,035 2,040 2,016
17 Switzerland 137 178 104
18 United Kingdom 21,463 28,601 26,362
19 Canada 714 249 411
20 Latin America and Caribbean 2,874 3,447 4,125
21 Bahamas 78 105 6
22 Bermuda 1,016 1,182 1,739
23 Brazil 146 132 148
24 British West Indies 463 501 406
25 Mexico 26 35 26
26 Venezuela 0 0 2
27 Asia 9,453 9,320 7,965
28 Japan 6,024 4,782 6,216
29 Middle Eastern oil-exporting
countries (1) 5 7 11
30 Africa 33 48 52
31 Oil-exporting countries (2) 0 0 0
32 All other (3) 662 656 694
Commercial liabilities
33 Europe 9,293 9,411 9,629
34 Belgium and Luxembourg 178 201 293
35 France 711 716 979
36 Germany 948 1,023 1,047
37 Netherlands 562 424 300
38 Switzerland 565 647 502
39 United Kingdom 2,982 2,951 2,847
40 Canada 2,053 1,889 1,933
41 Latin America and Caribbean 2,607 2,443 2,381
42 Bahamas 10 15 31
43 Bermuda 300 377 281
44 Brazil 119 167 114
45 British West Indies 22 19 76
46 Mexico 1,073 1,079 841
47 Venezuela 239 124 284
48 Asia 10,965 11,133 10,983
49 Japan 2,200 1,998 2,757
50 Middle Eastern oil-exporting
countries (1) 3,489 3,706 2,832
51 Africa 950 1,220 948
52 Oil-exporting countries (2) 575 663 483
53 Other (3) 598 653 614
2001
Type of liability, Sept.
and area or country Mar. June (r)
1 Total 73,655 (r) 68,113 (r) 53,526
2 Payable in dollars 46,526 (r) 41,819 (r) 35,347
3 Payable in foreign currencies 27,129 26,294 18,179
By type
4 Financial liabilities 47,808 (r) 41,908 (r) 27,502
5 Payable in dollars 23,201 (r) 17,655 (r) 11,415
6 Payable in foreign currencies 24,607 24,253 16,087
7 Commercial liabilities 25,847 26,205 26,024
8 Trade payables 12,481 13,213 11,740
9 Advance receipts and other
liabilities 13,366 12,992 14,284
10 Payable in dollars 23,325 24,164 23,932
11 Payable in foreign currencies 2,522 2,041 2,092
By area or country
Financial liabilities
12 Europe 37,422 (r) 32,785 (r) 22,083
13 Belgium and Luxembourg 112 98 76
14 France 1,553 1,222 1,538
15 Germany 2,624 2,463 1,994
16 Netherlands 2,169 1,763 1,998
17 Switzerland 103 93 92
18 United Kingdom 28,812 (r) 25,363 (r) 14,819
19 Canada 718 628 436
20 Latin America and Caribbean 3,632 2,100 414
21 Bahamas 18 40 5
22 Bermuda 1,837 461 47
23 Brazil 26 21 22
24 British West Indies 1,657 1,508 243
25 Mexico 31 20 24
26 Venezuela 1 1 3
27 Asia 5,324 5,639 3,869
28 Japan 4,757 3,297 3,442
29 Middle Eastern oil-exporting
countries (1) 15 8 9
30 Africa 38 61 59
31 Oil-exporting countries (2) 0 0 5
32 All other (3) 674 695 672
Commercial liabilities
33 Europe 8,792 8,723 8,855
34 Belgium and Luxembourg 251 297 160
35 France 689 665 892
36 Germany 982 1,017 966
37 Netherlands 349 343 343
38 Switzerland 623 697 683
39 United Kingdom 2,542 2,706 2,296
40 Canada 1,625 2,043 1,569
41 Latin America and Caribbean 2,166 2,292 2,879
42 Bahamas 5 31 44
43 Bermuda 280 367 570
44 Brazil 239 279 312
45 British West Indies 64 21 28
46 Mexico 792 762 884
47 Venezuela 243 218 242
48 Asia 11,542 11,384 11,114
49 Japan 2,431 2,377 2,421
50 Middle Eastern oil-exporting
countries (1) 3,359 3,087 3,053
51 Africa 1,072 1,115 938
52 Oil-exporting countries (2) 566 539 471
53 Other (3) 650 648 669
(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.
Nonbank-Reported Data
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 1997 1998 1999
1 Total 68,128 77,462 76,669
2 Payable in dollars 62,173 72,171 69,170
3 Payable in foreign currencies 5,955 5,291 7,472
By type
4 Financial claims 36,959 46,260 40,231
5 Deposits 22,909 30,199 18,566
6 Payable in dollars 21,060 28,549 16,373
7 Payable in foreign
currencies 1,849 1,650 2,193
8 Other financial claims 14,050 16,061 21,665
9 Payable in dollars 11,806 14,049 18,593
10 Payable in foreign
currencies 2,244 2,012 3,072
11 Commercial claims 31,169 31,202 36,438
12 Trade receivables 27,536 27,202 32,629
13 Advance payments and other
claims 3,633 4,000 3,809
14 Payable in dollars 29,307 29,573 34,204
15 Payable in foreign
currencies 1,862 1,629 2,207
By area or country
Financial claims
16 Europe 14,999 12,294 13,023
17 Belgium and Luxembourg 406 661 529
18 France 1,015 864 967
19 Germany 427 304 504
20 Netherlands 677 875 1,229
21 Switzerland 434 414 643
22 United Kingdom 10,337 7,766 7,561
23 Canada 3,313 2,503 2,553
24 Latin America and Caribbean 15,543 27,714 18,206
25 Bahamas 2,308 403 1,593
26 Bermuda 108 39 11
27 Brazil 1,313 835 1,476
28 British West Indies 10,462 24,388 12,099
29 Mexico 537 1,245 1,798
30 Venezuela 36 55 48
31 Asia 2,133 3,027 5,457
32 Japan 823 1,194 3,262
33 Middle Eastern oil-
exporting countries (1) 11 9 23
34 Africa 319 159 286
35 Oil-exporting
countries (2) 15 16 15
36 All other (3) 652 563 706
Commercial claims
37 Europe 12,120 13,246 16,389
38 Belgium and Luxembourg 328 238 316
39 France 1,796 2,171 2,236
40 Germany 1,614 1,822 1,960
41 Netherlands 597 467 1,429
42 Switzerland 554 483 610
43 United Kingdom 3,660 4,769 5,827
44 Canada 2,660 2,617 2,757
45 Latin America and Caribbean 5,750 6,296 5,959
46 Bahamas 27 24 20
47 Bermuda 244 536 390
48 Brazil 1,162 1,024 905
49 British West Indies 109 104 181
50 Mexico 1,392 1,545 1,678
51 Venezuela 576 401 439
52 Asia 8,713 7,192 9,165
53 Japan 1,976 1,681 2,074
54 Middle Eastern oil-
exporting countries (1) 1,107 1,135 1,625
55 Africa 680 711 631
56 Oil-exporting
countries (2) 119 165 171
57 Other (3) 1,246 1,140 1,537
2000
Type of claim,
and area or country June Sept. Dec.
1 Total 80,731 94,803 90,157
2 Payable in dollars 72,300 82,872 79,558
3 Payable in foreign currencies 8,431 11,931 10,599
By type
4 Financial claims 44,303 58,303 53,031
5 Deposits 17,462 30,928 23,374
6 Payable in dollars 15,361 27,974 21,015
7 Payable in foreign
currencies 2,101 2,954 2,359
8 Other financial claims 26,841 27,375 29,657
9 Payable in dollars 22,384 20,541 25,142
10 Payable in foreign
currencies 4,457 6,834 4,515
11 Commercial claims 36,428 36,500 37,126
12 Trade receivables 31,283 31,530 33,104
13 Advance payments and other
claims 5,145 4,970 4,022
14 Payable in dollars 34,555 34,357 33,401
15 Payable in foreign
currencies 1,873 2,143 3,725
By area or country
Financial claims
16 Europe 18,254 23,706 23,136
17 Belgium and Luxembourg 317 304 296
18 France 1,292 1,477 1,206
19 Germany 576 696 848
20 Netherlands 1,984 2,486 1,396
21 Switzerland 624 626 699
22 United Kingdom 11,668 16,191 15,900
23 Canada 5,799 7,517 4,576
24 Latin America and Caribbean 14,874 21,691 19,317
25 Bahamas 655 1,358 1,353
26 Bermuda 34 22 19
27 Brazil 1,666 1,568 1,827
28 British West Indies 7,751 15,722 12,596
29 Mexico 2,048 2,280 2,448
30 Venezuela 78 101 87
31 Asia 3,923 4,002 4,697
32 Japan 1,410 1,726 1,631
33 Middle Eastern oil-
exporting countries (1) 42 85 80
34 Africa 320 284 411
35 Oil-exporting
countries (2) 39 3 57
36 All other (3) 1,133 1,103 894
Commercial claims
37 Europe 15,935 16,486 15,938
38 Belgium and Luxembourg 425 393 452
39 France 2,693 2,921 3,095
40 Germany 1,905 2,159 1,982
41 Netherlands 1,242 1,310 1,729
42 Switzerland 562 684 763
43 United Kingdom 4,937 5,193 4,502
44 Canada 3,250 2,953 3,502
45 Latin America and Caribbean 5,792 5,788 5,851
46 Bahamas 48 75 37
47 Bermuda 381 387 376
48 Brazil 894 981 957
49 British West Indies 51 55 137
50 Mexico 1,565 1,612 1,507
51 Venezuela 466 379 328
52 Asia 9,172 8,986 9,630
53 Japan 1,881 2,074 2,796
54 Middle Eastern oil-
exporting countries (1) 1,241 1,199 1,024
55 Africa 766 895 672
56 Oil-exporting
countries (2) 160 392 180
57 Other (3) 1,513 1,392 1,572
2001
Type of claim,
and area or country Mar. June Sept.
1 Total 107,705 97,946 (r) 94,076 (r)
2 Payable in dollars 94,932 88,166 (r) 83,292 (r)
3 Payable in foreign currencies 12,773 9,780 10,784
By type
4 Financial claims 74,255 61,891 (r) 60,015 (r)
5 Deposits 25,419 25,381 22,391
6 Payable in dollars 23,244 23,174 19,888
7 Payable in foreign
currencies 2,175 2,207 2,503
8 Other financial claims 48,836 36,510 (r) 37,624 (r)
9 Payable in dollars 41,417 32,038 (r) 32,076 (r)
10 Payable in foreign
currencies 7,419 4,472 5,548
11 Commercial claims 33,450 36,055 (r) 34,061 (r)
12 Trade receivables 28,958 31,107 (r) 29,328 (r)
13 Advance payments and other
claims 4,492 4,948 4,733
14 Payable in dollars 30,271 32,954 (r) 31,328 (r)
15 Payable in foreign
currencies 3,179 3,101 2,733
By area or country
Financial claims
16 Europe 31,855 23,975 23,069 (r)
17 Belgium and Luxembourg 430 262 372 (r)
18 France 3,142 1,376 1,682
19 Germany 1,401 1,163 1,112
20 Netherlands 2,313 1,072 954
21 Switzerland 613 653 665
22 United Kingdom 20,938 15,913 15,670 (r)
23 Canada 4,847 4,787 4,254 (r)
24 Latin America and Caribbean 28,791 24,403 (r) 26,099 (r)
25 Bahamas 561 818 649 (r)
26 Bermuda 1,729 426 80 (r)
27 Brazil 1,648 1,877 2,065 (r)
28 British West Indies 21,227 17,505 (r) 19,234 (r)
29 Mexico 2,461 2,633 2,910
30 Venezuela 38 66 80
31 Asia 7,215 6,829 5,274 (r)
32 Japan 3,867 1,698 1,761
33 Middle Eastern oil-
exporting countries (1) 86 76 100
34 Africa 430 476 456
35 Oil-exporting
countries (2) 42 35 83
36 All other (3) 1,117 1,421 891
Commercial claims
37 Europe 13,775 14,582 (r) 14,381 (r)
38 Belgium and Luxembourg 395 404 (r) 354 (r)
39 France 3,479 3,192 (r) 3,062 (r)
40 Germany 1,586 1,993 (r) 1,977 (r)
41 Netherlands 757 863 (r) 844 (r)
42 Switzerland 634 472 514
43 United Kingdom 3,562 3,819 (r) 3,571 (r)
44 Canada 3,392 3,496 (r) 3,116 (r)
45 Latin America and Caribbean 5,144 6,107 (r) 5,590 (r)
46 Bahamas 20 39 35
47 Bermuda 407 650 526
48 Brazil 975 1,364 (r) 1,183 (r)
49 British West Indies 130 135 124
50 Mexico 1,350 1,416 (r) 1,442 (r)
51 Venezuela 292 321 301 (r)
52 Asia 8,985 9,692 (r) 8,704 (r)
53 Japan 2,560 3,154 (r) 2,438 (r)
54 Middle Eastern oil-
exporting countries (1) 966 1,051 (r) 919 (r)
55 Africa 773 669 (r) 838 (r)
56 Oil-exporting
countries (2) 165 154 170
57 Other (3) 1,381 1,509 1,432
(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.
International Statistics [] May 2002
3.24 FOREIGN TRANSACTIONS IN SECURITIES
Millions of dollars
2002
Transaction, and
area or country 2000 2001 Jan.-Jan.
U.S. corporate securities
STOCKS
1 Foreign purchases 3,605,196 3,051,276 255,755
2 Foreign sales 3,430,306 2,934,869 247,136
3 Net purchases, or sales (-) 174,890 116,407 8,619
4 Foreign countries 174,903 116,204 8,744
5 Europe 164,656 88,122 8,734
6 France 5,727 5,915 1,301
7 Germany 31,752 8,432 482
8 Netherlands 4,915 10,920 406
9 Switzerland 11,960 3,455 470
10 United Kingdom 58,736 38,502 3,975
11 Channel Islands and Isle of
Man (1) n.a. -698 -83
12 Canada 5,956 10,985 613
13 Latin America and Caribbean -17,812 -5,162 -1,478
14 Middle East (2) 9,189 1,789 98
15 Other Asia 12,494 20,725 577
16 Japan 2,070 6,788 -209
17 Africa 415 -366 32
18 Other countries 5 108 168
19 Nonmonetary international
and regional organizations -11 203 -125
BONDS (3)
20 Foreign purchases 1,208,386 1,943,098 181,422
21 Foreign sales 871,416 1,549,376 161,953
22 Net purchases, or sales (-) 336,970 393,722 19,469
23 Foreign countries 337,074 393,157 19,560
24 Europe 180,917 202,577 7,874
25 France 2,216 5,028 68
26 Germany 4,067 12,362 91
27 Netherlands 1,130 1,538 -1,495
28 Switzerland 3,973 5,721 143
29 United Kingdom 141,223 159,937 7,603
30 Channel Islands and Isle of
Man (1) n.a. 2,000 131
31 Canada 13,287 4,595 318
32 Latin America and Caribbean 59,444 77,217 4,644
33 Middle East (1) 2,076 2,338 420
34 Other Asia 78,794 106,813 6,789
35 Japan 39,356 34,099 -717
36 Africa 938 761 -30
37 Other countries 1,618 -1,144 -455
38 Nonmonetary international
and regional organizations -70 566 -91
Foreign securities
39 Stocks, net purchases, or
sales (-) -13,088 -50,514 3,743
40 Foreign purchases 1,802,185 1,397,127 103,231
41 Foreign sales 1,815,273 1,447,641 99,488
42 Bonds, net purchases, or
sales (-) -4,054 30,323 -5,576
43 Foreign purchases 958,932 1,157,821 94,146
44 Foreign sales 962,986 1,127,498 99,722
45 Net purchases, or sales (-),
of stocks and bonds -17,142 -20,191 -1,833
46 Foreign countries -17,278 -19,603 -1,813
47 Europe -25,386 -11,229 -2,485
48 Canada -3,888 2,543 1,373
49 Latin America and Caribbean -15,688 3,730 2,638
50 Asia 24,488 -12,248 -3,486
51 Japan 20,970 -20,116 400
52 Africa 943 -557 72
53 Other countries 2,253 -1,842 75
54 Nonmonetary international
and regional organizations 150 -587 -20
2001
Transaction, and
area or country July Aug. Sept.
U.S. corporate securities
STOCKS
1 Foreign purchases 244,887 247,288 193,466
2 Foreign sales 233,412 239,580 204,981
3 Net purchases, or sales (-) 11,475 7,708 -11,515
4 Foreign countries 11,460 7,709 -11,504
5 Europe 6,700 9,203 -7,310
6 France 35 624 -2,609
7 Germany 1,048 463 -418
8 Netherlands 654 595 358
9 Switzerland -228 -127 -688
10 United Kingdom 3,744 6,165 -564
11 Channel Islands and Isle of
Man (1) -40 24 -73
12 Canada 948 -225 1,137
13 Latin America and Caribbean 65 -2,935 -4,780
14 Middle East (2) 515 826 664
15 Other Asia 3,222 620 -879
16 Japan 1,958 54 -806
17 Africa -20 72 -37
18 Other countries 30 148 -299
19 Nonmonetary international
and regional organizations 15 -1 -11
BONDS (3)
20 Foreign purchases 139,401 157,635 156,458
21 Foreign sales 111,998 132,936 137,848
22 Net purchases, or sales (-) 27,403 24,699 18,610
23 Foreign countries 27,511 24,501 18,455
24 Europe 12,464 9,625 9,659
25 France 1,154 -1,035 -573
26 Germany -185 472 454
27 Netherlands -210 -297 457
28 Switzerland 291 628 -51
29 United Kingdom 10,067 8,759 9,672
30 Channel Islands and Isle of
Man (1) 203 106 93
31 Canada 485 -1,434 -644
32 Latin America and Caribbean 6,222 8,961 2,519
33 Middle East (1) -345 -22 8
34 Other Asia 8,815 7,569 7,281
35 Japan 3,452 1,641 1,066
36 Africa 79 136 -6
37 Other countries -209 -334 -362
38 Nonmonetary international
and regional organizations -108 198 155
Foreign securities
39 Stocks, net purchases, or
sales (-) -6,345 -2,106 2,331
40 Foreign purchases 114,276 96,409 99,580
41 Foreign sales 120,621 98,515 97,249
42 Bonds, net purchases, or
sales (-) 5,629 9,405 10,324
43 Foreign purchases 91,585 87,584 87,081
44 Foreign sales 85,956 78,179 76,757
45 Net purchases, or sales (-),
of stocks and bonds -716 7,299 12,655
46 Foreign countries -684 7,159 12,657
47 Europe 1,368 6,267 5,993
48 Canada 299 -1,786 1,295
49 Latin America and Caribbean -444 711 2,663
50 Asia -1,587 1,608 2,534
51 Japan -1,535 616 -391
52 Africa -111 -25 -34
53 Other countries -209 384 206
54 Nonmonetary international
and regional organizations -32 140 -2
2001 2002
Transaction, and Nov. Dec. Jan.
area or country Oct. (r) (r) (p)
U.S. corporate securities
STOCKS
1 Foreign purchases 255,670 241,286 239,289 255,755
2 Foreign sales 248,425 228,104 226,004 247,136
3 Net purchases, or sales (-) 7,245 13,182 13,285 8,619
4 Foreign countries 7,222 13,173 13,266 8,744
5 Europe 7,470 8,503 6,740 8,734
6 France 1,969 -845 101 1,301
7 Germany 825 698 688 482
8 Netherlands 552 1,096 1,271 406
9 Switzerland 351 326 854 470
10 United Kingdom 3,311 3,259 2,033 3,975
11 Channel Islands and Isle of
Man (1) -23 -198 20 -83
12 Canada 193 938 1,250 613
13 Latin America and Caribbean -1,508 1,833 3,931 -1,478
14 Middle East (2) -514 -105 249 98
15 Other Asia 1,551 1,811 600 577
16 Japan 1,148 414 65 -209
17 Africa -31 -9 -7 32
18 Other countries 61 202 503 168
19 Nonmonetary international
and regional organizations 23 9 19 -125
BONDS (3)
20 Foreign purchases 192,442 187,115 177,711 181,422
21 Foreign sales 144,773 156,019 155,238 161,953
22 Net purchases, or sales (-) 47,669 31,096 22,473 19,469
23 Foreign countries 47,841 30,853 22,442 19,560
24 Europe 22,352 16,172 8,067 7,874
25 France 601 270 330 68
26 Germany 1,666 2,001 -12 91
27 Netherlands 83 -154 -637 -1,495
28 Switzerland 292 417 75 143
29 United Kingdom 17,261 12,928 5,975 7,603
30 Channel Islands and Isle of
Man (1) 355 69 404 131
31 Canada 1,335 25 892 318
32 Latin America and Caribbean 2,270 7,838 5,765 4,644
33 Middle East (1) 307 432 455 420
34 Other Asia 21,044 6,593 7,721 6,789
35 Japan 15,243 1,104 -810 -717
36 Africa 272 71 -45 -30
37 Other countries 261 -278 -413 -455
38 Nonmonetary international
and regional organizations -172 243 31 -91
Foreign securities
39 Stocks, net purchases, or
sales (-) -3,096 2,792 -8,933 3,743
40 Foreign purchases 105,784 108,033 88,025 103,231
41 Foreign sales 108,880 105,241 96,958 99,488
42 Bonds, net purchases, or
sales (-) 308 -1,214 -945 -5,576
43 Foreign purchases 94,389 95,672 69,504 94,146
44 Foreign sales 94,081 96,886 70,449 99,722
45 Net purchases, or sales (-),
of stocks and bonds -2,788 1,578 -9,878 -1,833
46 Foreign countries -2,594 1,584 -9,810 -1,813
47 Europe -3,639 2,203 -9,809 -2,485
48 Canada -804 -470 1,010 1,373
49 Latin America and Caribbean -571 1,973 118 2,638
50 Asia 3,070 -2,138 -1,494 -3,486
51 Japan 1,441 -3,575 -1,924 400
52 Africa -565 191 134 72
53 Other countries -85 -175 231 75
54 Nonmonetary international
and regional organizations -194 -6 -68 -20
(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
of U.S. government agencies and corporations. Also includes issues
of new debt securities sold abroad by U.S. corporations organized
to finance direct investments abroad.
Securities Holdings and Transactions
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 Jan. July
1 Total estimated -54,032 18,472 -16,779 -11,494
2 Foreign countries -53,571 19,158 -17,045 -11,668
3 Europe -50,704 -20,510 -6,694 -8,223
4 Belgium (2) 73 -598 -108 -343
5 Germany -7,304 -1,668 -3,467 -970
6 Luxembourg (2) n.a. 462 -514 168
7 Netherlands 2,140 -6,728 -2,098 1,263
8 Sweden 1,082 -1,190 -337 -114
9 Switzerland -10,326 1,413 312 270
10 United Kingdom -33,669 -7,186 -89 -7,844
11 Channel Islands and
Isle of Man (3) n.a. -179 -3 -64
12 Other Europe and former
U.S.S.R. -2,700 -4,836 -390 -589
13 Canada -550 -4,135 -3,451 -1,653
14 Latin America and
Caribbean -4,914 5,046 2,581 1,893
15 Venezuela 1,288 290 33 248
16 Other Latin America and
Caribbean -11,581 15,500 1,613 -880
17 Netherlands Antilles 5,379 -10,744 935 2,525
18 Asia 1,639 37,991 -9,229 -3,940
19 Japan 10,580 17,774 -6,649 -2,126
20 Africa -414 -880 -67 -65
21 Other 1,372 1,646 -185 320
22 Nonmonetary international
and regional
organizations -461 -686 266 174
23 International -483 -290 139 -90
24 Latin American Caribbean
regional 76 41 -1 -1
MEMO
25 Foreign countries -53,571 19,158 -17,045 -11,668
26 Official institutions -6,302 3,489 -3,000 -741
27 Other foreign -47,269 15,669 -14,045 -10,927
Oil-exporting countries
28 Middle East (4) 3,483 865 784 -590
29 Africa (5) 0 -2 0 2
2001
Area or country Aug. Sept. Oct.
1 Total estimated 4,410 -1,990 14,969
2 Foreign countries 4,590 -2,138 14,884
3 Europe 321 -782 2,339
4 Belgium (2) 42 174 -146
5 Germany 67 -113 -392
6 Luxembourg (2) -64 -348 285
7 Netherlands 2,437 -2,653 -1,336
8 Sweden 593 1,037 -109
9 Switzerland -44 979 -339
10 United Kingdom -4,610 1,992 7,359
11 Channel Islands and
Isle of Man (3) 11 -1 -34
12 Other Europe and former
U.S.S.R. 1,889 -1,849 -2,949
13 Canada -356 -947 -3,091
14 Latin America and
Caribbean 3,711 -541 3,998
15 Venezuela -128 39 -129
16 Other Latin America and
Caribbean 67 -524 4,065
17 Netherlands Antilles 3,772 -56 62
18 Asia 576 -150 11,755
19 Japan 324 -3,329 16,640
20 Africa -120 47 -396
21 Other 458 235 279
22 Nonmonetary international
and regional
organizations -180 148 85
23 International 103 -65 8
24 Latin American Caribbean
regional -3 0 1
MEMO
25 Foreign countries 4,590 -2,138 14,884
26 Official institutions 343 2,549 2,239
27 Other foreign 4,247 -4,687 12,645
Oil-exporting countries
28 Middle East (4) -308 -586 12
29 Africa (5) -2 -2 0
2001 2002
Area or country Nov. Dec. Jan. (p)
1 Total estimated 12,676 10,497 -16,779
2 Foreign countries 12,902 10,531 -17,045
3 Europe -5,850 278 -6,694
4 Belgium (2) -9 202 -108
5 Germany 54 1,075 -3,467
6 Luxembourg (2) -5 -34 -514
7 Netherlands -701 -948 -2,098
8 Sweden 268 -197 -337
9 Switzerland 215 335 312
10 United Kingdom -7,374 2,007 -89
11 Channel Islands and
Isle of Man (3) 7 -136 -3
12 Other Europe and former
U.S.S.R. 1,695 -2,026 -390
13 Canada -430 2,978 -3,451
14 Latin America and
Caribbean 6,266 -6,368 2,581
15 Venezuela 103 3 33
16 Other Latin America and
Caribbean 8,393 -3,984 1,613
17 Netherlands Antilles -2,230 -2,387 935
18 Asia 11,820 14,423 -9,229
19 Japan 1,737 4,379 -6,649
20 Africa 53 -293 -67
21 Other 1,043 -487 -185
22 Nonmonetary international
and regional
organizations -226 -34 266
23 International 63 43 139
24 Latin American Caribbean
regional 43 -25 -1
MEMO
25 Foreign countries 12,902 10,531 -17,045
26 Official institutions 6,266 1,061 -3,000
27 Other foreign 6,636 9,470 -14,045
Oil-exporting countries
28 Middle East (4) 2,442 2,217 784
29 Africa (5) 0 0 0
(1.) Official and private transactions in marketable U.S. Treasury
securities having an original maturity of more than one year. Data
are based on monthly transactions reports. Excludes nonmarketable
U.S. Treasury bonds and notes held by official institutions of
foreign countries.
(2.) Before January 2001, combined data reported for Belgium and
Luxembourg.
(3.) Before January 2001, these data were included in the data
reported for the United Kingdom.
(4.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi
Arabia, and United Arab Emirates (Trucial States).
(5.) Comprises Algeria, Gabon, Libya, and Nigeria.
International Statistics [] May 2002
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 606.72 680.52 724.10
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 (r) 104.32 (r) 110.41 (r)
29 Major currencies (March
1973=100) (6) 97.06 (r) 103.17 (r) 110.73 (r)
30 Other important trading
partners (March
1973=100) (7) 114.25 (r) 114.53 (r) 119.20 (r)
2001
Item Oct. Nov. Dec.
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar (2) 50.42 51.65 51.38
2 Brazil/real 2.7408 2.5481 2.3635
3 Canada/dollar 1.5717 1.5922 1.5788
4 China, P.R./yuan 8.2768 8.2769 8.2761
5 Denmark/krone 8.2186 8.3832 8.3526
6 European Monetary
Union/euro (3) 0.9050 0.8883 0.8912
7 Greece/drachma n.a. n.a. n.a.
8 Hong Kong/dollar 7.7999 7.7996 7.7989
9 India/rupee 48.05 48.04 47.93
10 Japan/yen 121.45 122.41 127.59
11 Malaysia/ringgit 3.8001 3.8000 3.8000
12 Mexico/peso 9.339 9.225 9.157
13 New Zealand/dollar (2) 41.39 41.58 41.57
14 Norway/krone 8.8329 8.9296 8.9713
15 Singapore/dollar 1.8113 1.8295 1.8382
16 South Africa/rand 9.2804 9.7388 11.6761
17 South Korea/won 1,302.36 1,282.10 1,292.29
18 Sri Lanka/rupee 90.954 92.670 93.194
19 Sweden/krona 10.5661 10.6117 10.5753
20 Switzerland/franc 1.6357 1.6509 1.6566
21 Taiwan/dollar 34.583 34.498 34.682
21 Thailand/baht 44.750 44.411 43.952
23 United Kingdom/
pound (2) 145.01 143.56 144.13
24 Venezuela/bolivar 743.22 745.10 753.64
Indexes (4)
NOMINAL
25 Broad (January
1997=100) (5) 126.86 127.33 127.52
26 Major currencies (March
1973=100) (6) 104.37 105.64 106.30
27 Other important trading
partners (January
1997=100) (7) 138.08 137.19 136.62
REAL
28 Broad (March
1973=100) (5) 110.80 (r) 111.18 (r) 111.05 (r)
29 Major currencies (March
1973=100) (6) 110.83 (r) 112.47 (r) 112.66 (r)
30 Other important trading
partners (March
1973=100) (7) 119.99 (r) 118.77 (r) 118.23 (r)
2002
Item Jan. Feb. Mar.
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar (2) 51.70 51.28 52.56
2 Brazil/real 2.3799 2.4242 2.3450
3 Canada/dollar 1.5997 1.5964 1.5877
4 China, P.R./yuan 8.2771 8.2767 8.2773
5 Denmark/krone 8.4183 8.5343 8.4795
6 European Monetary
Union/euro (3) 0.8832 0.8707 0.8766
7 Greece/drachma n.a. n.a. n.a.
8 Hong Kong/dollar 7.7989 7.7996 7.7997
9 India/rupee 48.35 48.72 48.77
10 Japan/yen 132.68 133.64 131.06
11 Malaysia/ringgit 3.8000 3.8002 3.8000
12 Mexico/peso 9.164 9.105 9.064
13 New Zealand/dollar (2) 42.45 41.87 43.33
14 Norway/krone 8.9684 8.9492 8.8072
15 Singapore/dollar 1.8394 1.8312 1.8295
16 South Africa/rand 11.6258 11.4923 11.4863
17 South Korea/won 1,316.34 1,320.55 1,322.90
18 Sri Lanka/rupee 93.473 93.650 94.903
19 Sweden/krona 10.4561 10.5501 10.3324
20 Switzerland/franc 1.6709 1.6970 1.6743
21 Taiwan/dollar 35.027 35.073 35.020
21 Thailand/baht 44.036 43.854 43.415
23 United Kingdom/
pound (2) 143.22 142.27 142.30
24 Venezuela/bolivar 762.40 898.51 922.66
Indexes (4)
NOMINAL
25 Broad (January
1997=100) (5) 129.26 (r) 130.03 (r) 129.27
26 Major currencies (March
1973=100) (6) 108.10 108.82 107.76
27 Other important trading
partners (January
1997=100) (7) 137.95 (r) 138.64 (r) 138.49
REAL
28 Broad (March
1973=100) (5) 112.52 (r) 113.09 (r) 112.55
29 Major currencies (March
1973=100) (6) 114.65 (r) 115.63 (r) 114.57
30 Other important trading
partners (March
1973=100) (7) 119.15 (r) 119.26 (r) 119.33
(1.) Averages of certified noon buying rates in New York for cable
transfers. Data in this table also appear in the Board's G.5 (405)
monthly statistical release. For ordering address, see inside front
cover.
(2.) U.S. cents per currency unit.
(3.) The euro is reported in place of the individual euro area
currencies. By convention, the rate is reported in U.S. dollars per
euro. The bilateral currency rates can be derived from the euro rate
by using the fixed conversion rates (in currencies per euro) as shown
below:
Euro equals
13.7603 Austrian schillings
40.3399 Belgian francs
5.94573 Finnish markkas
6.55957 French francs
1.95583 German marks
.787564 Irish pounds
1,936.27 Italian lire
40.3399 Luxembourg francs
2.20371 Netherlands guilders
200.482 Portuguese escudos
166.386 Spanish pesetas
340.750 Greek drachmas
(4.) Starting with the February 2002 Bulletin, revised index values
resulting from the periodic revision of data that underlie the
calculated trade weights are reported. For more information on the
indexes of the foreign exchange value of the dollar, see Federal
Reserve Bulletin, vol. 84 (October 1998), pp. 811-818.
(5.) Weighted average of the foreign exchange value of the U.S.
dollar against the currencies of a broad group of U.S. trading
partners. The weight for each currency is computed as an average of
U.S. bilateral import shares from and export shares to the issuing
country and of a measure of the importance to U.S. exporters of that
country's trade in third country markets.
(6.) Weighted average of the foreign exchange value of the U.S. dollar
against a subset of broad index currencies that circulate widely
outside the country of issue. The weight for each currency is its broad
index weight scaled so that the weights of the subset of currencies in
the index sum to one.
(7.) Weighted average of the foreign exchange value of the U.S. dollar
against a subset of broad index currencies that do not circulate widely
outside the country of issue. The weight for each currency is its broad
index weight scaled so that the weights of the subset of currencies in
the index sum to one.
Guide to special tables and statistical releases
SPECIAL TABLES--Data Published Irregularly, with Latest Bulletin
Reference
Title and Date Issue Page
Assets and liabilities of commercial banks
March 31, 2001 August 2001 A64
June 30, 2001 November 2001 A64
September 30, 2001 February 2002 A64
December 31, 2001 May 2002 A64
Terms of lending at commercial banks
May 2001 August 2001 A66
August 2001 November 2001 A66
November 2001 February 2002 A66
February 2002 May 2002 A66
Assets and liabilities of U.S. branches and
agencies of foreign banks
March 31, 2001 August 2001 A72
June 30, 2001 February 2002 A72
September 30, 2001 March 2002 A65
December 31, 2001 May 2002 A72
Pro forma financial statements for Federal
Reserve priced services *
March 31, 2001 August 2001 A76
June 30, 2001 October 2001 A64
September 30, 2001 January 2002 A64
Residential lending reported under the Home
Mortgage Disclosure Act
1999 September 2000 A64
2000 September 2001 A64
Disposition of applications for private
mortgage insurance
1999 September 2000 A73
2000 September 2001 A73
Small loans to businesses and farms
1999 September 2000 A76
2000 September 2001 A76
Community development lending reported under
the Community Reinvestment Act
1999 September 2000 A79
2000 September 2001 A79
STATISTICAL RELEASES--A List of Statistical Releases Published by the
Federal Reserve is Printed Semiannually in the Bulletin
Issue Page
Schedule of anticipated release dates for
periodic releases December 2001 A72
NOTE. The pro forma financial statements for Federal Reserve priced
services will no longer be published in the Bulletin after the January
2002 issue. Year-end figures for 2001 will be available in the Board's
88th Annual Report, 2001 (http://www.federalreserve.gov/boarddocs/
rptcongress), forthcoming.
Special Tables [] May 2002
4.20 DOMESTIC AND FOREIGN OFFICES Insured Commercial Bank Assets and
Liabilities Consolidated Report of Condition, December 31, 2001
Millions of dollars except as noted
Banks
with
foreign
offices
(1)
Domestic
Item Total total Total
1 Total assets 6,487,509 5,749,452 4,349,567
2 Cash and balances due from
depository institutions 384,584 279,868 286,296
3 Cash items in process of
collection, unposted
debits, and currency and
coin n.a. n.a. 137,546
4 Cash items in process of
collection and unposted
debits n.a. n.a. n.a.
5 Currency and coin n.a. n.a. n.a.
6 Balances due from depository
institutions in the United
States n.a. n.a. 46,587
7 Balances due from banks in
foreign countries and
foreign central banks n.a. n.a. 91,998
8 Balances due from Federal
Reserve Banks n.a. n.a. 10,165
9 Total securities, held-to-
maturity (amortized cost)
and available-for-sale
(fair value) 1,156,848 n.a. 652,072
10 U.S. Treasury securities 44,202 n.a. 22,639
11 U.S. government agency and
corporation obligations
(excludes mortgage-backed
securities) 184,971 n.a. 63,468
12 Issued by U.S. government
agencies 5,573 n.a. 2,720
13 Issued by U.S. government-
sponsored agencies 179,398 n.a. 60,748
14 Securities issued by states
and political subdivisions
in the United States 96,130 n.a. 32,876
15 Mortgage-backed securities
(MBS) 603,670 n.a. 404,558
16 Pass-through securities 377,413 n.a. 272,142
17 Guaranteed by GNMA 98,673 n.a. 64,788
18 Issued by FNMA and FHLMC 254,313 n.a. 184,514
19 Other pass-through
securities 24,426 n.a. 22,840
20 Other mortgage-backed
securities (includes
CMOs, REMICs, and
stripped MBS) 226,258 n.a. 132,415
21 Issued or guaranteed by
FNMA, FHLMC or GNMA 162,603 n.a. 101,163
22 Collateralized by MBS
issued or guaranteed by
FNMA, FHLMC, or GNMA 5,195 n.a. 3,534
23 All other mortgage-backed
securities 58,459 n.a. 27,718
24 Asset-backed securities 108,069 n.a. 45,594
25 Credit card receivables 39,013 n.a. 14,122
26 Home equity lines 32,447 n.a. 17,696
27 Automobile loans 15,275 n.a. 3,571
28 Other consumer loans 1,290 n.a. 737
29 Commercial and industrial
loans 6,697 n.a. 3,886
30 Other 13,348 n.a. 5,583
31 Other debt securities 99,091 n.a. 69,148
32 Other domestic debt
securities 38,758 n.a. 12,992
33 Foreign debt securities 60,333 n.a. 56,156
34 Investments in mutual funds
and other equity
securities with readily
determinable fair value 20,714 n.a. 13,790
35 Federal funds sold and
securities purchased under
agreements to resell 317,091 256,903 241,770
36 Total loans and leases (gross)
and lease-financing
receivables (net) 3,851,822 3,565,048 2,503,711
37 LESS: Unearned income on
loans 3,042 2,292 1,836
38 LESS: Loans and leases held
for sale 180,799 n.a. 142,234
39 Total loans and leases (net of
unearned income) 3,667,981 n.a. 2,359,640
40 LESS: Allowance for loan and
lease losses 71,033 n.a. 48,298
41 Loans and leases, net of
unearned income and allowance 3,596,948 n.a. 2,311,342
Total loans and leases, gross,
by category
42 Loans secured by real estate 1,787,335 1,754,069 1,013,314
43 Construction and land
development n.a. 191,329 n.a.
44 Farmland n.a. 35,566 n.a.
45 One- to four-family
residential properties n.a. 959,269 n.a.
46 Revolving, open-end loans,
extended under lines of
credit n.a. 154,272 n.a.
Closed-end loans secured by
one- to four-family
residential properties
47 Secured by first liens n.a. 700,638 n.a.
48 Secured by junior liens n.a. 104,358 n.a.
49 Multifamily (five or more)
residential properties n.a. 63,935 n.a.
50 Nonfarm nonresidential
properties n.a. 503,969 n.a.
51 Loans to depository
institutions and
acceptances of other banks 117,176 101,957 107,266
52 Commercial banks in the
United States n.a. n.a. 77,109
53 Other depository institutions
in the United States n.a. n.a. 9,665
54 Banks in foreign countries n.a. n.a. 20,493
55 Loans to finance agricultural
production and other loans to
farmers 47,458 46,741 12,232
56 Commercial and industrial loans 975,059 822,695 739,891
57 U.S. addressees (domicile) n.a. n.a. 593,474
58 Non-U.S. addressees
(domicile) n.a. n.a. 146,417
59 Loans to individuals for
household, family, and
other personal expenditures
(includes purchased paper) 610,556 557,984 348,637
60 Credit cards 216,746 199,433 111,181
61 Other revolving credit plans 27,484 25,034 21,646
62 Other consumer loans (including
single-payment, installment,
and all student loans) 366,327 333,517 215,810
63 Obligations (other than
securities) of states and
political subdivisions in the
United States (includes
nonrated industrial
development obligations) 23,252 23,252 15,388
64 All other loans 122,112 97,150 110,801
65 Loans to foreign governments
and official institutions 7,457 2,392 7,447
66 Other loans 114,655 94,758 103,354
67 Loans for purchasing and
carrying securities n.a. n.a. n,a.
68 All other loans (excludes
consumer loans) n.a. n.a. n.a.
69 Lease-financing receivables 168,875 161,200 156,182
70 Trading assets 303,159 n.a. 293,921
71 Premises and fixed assets
(including capitalized
leases) 76,035 n.a. 45,372
72 Other real estate owned 3,789 n.a. 1,775
73 Investments in unconsolidated
subsidiaries and associated
companies 9,399 n.a. 8,176
74 Customers' liability on
acceptances outstanding 5,691 n.a. 5,509
75 Net due form own foreign
offices, Edge Act and
agreement subsidiaries, and
IBFs n.a. n.a. n.a.
76 Intangible assets 119,820 n.a. 98,708
77 Goodwill 76,888 n.a. 62,409
78 Other intangible assets 42,932 n.a. 36,299
79 All other assets 333,346 n.a. 262,390
80 Total liabilities, minority
interest, and equity capital 6,487,509 n.a. 4,349,567
81 Total liabilities 5,891,283 5,153,226 3,959,395
82 Total deposits 4,357,649 3,728,396 2,784,064
83 Individuals, partnerships,
and corporations (include
all certified and official
checks) 3,964,458 3,485,142 2,507,132
84 U.S. government n.a. 12,291 n.a.
85 States and political
subdivisions in the United
States n.a. 172,908 n.a.
86 Commercial banks and other
depository institutions in
the United States 93,278 48,411 75,667
87 Banks in foreign countries 85,985 8,230 85,259
88 Foreign governments and
official institutions
(including foreign central
banks) 28,204 1,414 28,057
89 Total transaction accounts n.a. 738,568 n.a.
90 Individuals, partnerships,
and corporations (include
all certified and
official checks) n.a. 641,475 n.a.
91 U.S. Government n.a. 1,753 n.a.
92 States and political
subidivisions in the
United States n.a. 53,152 n.a.
93 Commercial banks and other
depository institutions
in the United States n.a. 34,531 n.a.
94 Banks in foreign
countries n.a. 7,008 n.a.
95 Foreign governments and
official institutions
(including foreign
central banks) n.a. 650 n.a.
96 Total demand deposits n.a. 570,503 n.a.
97 Total nontransaction accounts n.a. 2,989,828 n.a.
98 Individuals, partnerships,
and corporations (include
all certified and
official checks) n.a. 2,843,667 n.a.
99 U.S. Government n.a. 10,538 n.a.
100 States and political
subdivisions in the
United States n.a. 119,756 n.a.
101 Commercial banks and other
depository institutions
in the United States n.a. 13,880 n.a.
102 Banks in foreign countries n.a. 1,222 n.a.
103 Foreign governments and
official institutions
(including foreign
central banks) n.a. 764 n.a.
104 Federal funds purchased and
securities sold under
agreements to repurchase 491,368 453,190 379,333
105 Trading liabilities 183,295 n.a. 182,705
106 Other borrowed money (includes
mortgage indebtedness and
obligations under capitalized
leases) 543,989 507,887 344,306
107 Banks' liability on acceptances
executed and outstanding 5,780 3,676 5,598
108 Subordinated notes and
debentures to deposits 94,663 n.a. 85,436
109 Net due to own foreign offices,
Edge Act and agreement
subsidiaries, and IBFs n.a. n.a. n.a.
110 All other liabilities 214,539 n.a. 177,954
111 Minority interest in
consolidated subsidiaries 9,626 n.a. 8,736
112 Total equity capital 586,600 n.a. 381,435
MEMO
113 Trading assets at large banks
(2) 295,654 153,132 293,806
114 U.S. Treasury securities
(domestic offices) n.a. 13,253 n.a.
115 U.S. government agency
obligations (excluding MBS) n.a. 6,858 n.a.
116 Securities issued by states
and political subdivisions
in the United States n.a. 1,971 n.a.
117 Mortgage-backed securities n.a. 8,136 n.a.
118 Other debt securities n.a. 25,287 n.a.
119 Other trading assets n.a. 14,858 n.a.
120 Trading assets in foreign
offices 77,090 0 77,090
121 Revaluation gains on interest
rate, foreign exchange
rate, and other commodity
and equity contracts 148,200 82,769 147,860
122 Total individual retirement
(IRA) and Keogh plan accounts n.a. 160,132 n.a.
123 Total brokered deposits n.a. 224,828 n.a.
124 Fully insured brokered
deposits n.a. 170,273 n.a.
125 Issued in denominations of
less than $100,000 n.a. 84,882 n.a.
126 Issued in denominations of
$100,000, or in
denominations greater
than $100,000 and
participated out by the
broker in shares of
$100,000 or less n.a. 85,391 n.a.
127 Money market deposit accounts
(MMDAs) n.a. 1,226,016 n.a.
128 Other savings deposits
(excluding MMDAs) n.a. 485,552 n.a.
129 Total time deposits of less
than $100,000 n.a. 735,995 n.a.
130 Total time deposits of $100,000
or more n.a. 542,261 n.a.
131 Number of banks 8,056 8,056 137
Banks Banks
with with
foreign domestic
offices offices
(1) only (2)
Item Domestic Total
1 Total assets 3,611,510 2,137,943
2 Cash and balances due from
depository institutions 181,580 98,288
3 Cash items in process of
collection, unposted
debits, and currency and
coin 134,836 n.a.
4 Cash items in process of
collection and unposted
debits 105,658 n.a.
5 Currency and coin 29,179 n.a.
6 Balances due from depository
institutions in the United
States 30,657 n.a.
7 Balances due from banks in
foreign countries and
foreign central banks 6,008 n.a.
8 Balances due from Federal
Reserve Banks 10,079 n.a.
9 Total securities, held-to-
maturity (amortized cost)
and available-for-sale
(fair value) n.a. 504,775
10 U.S. Treasury securities n.a. 21,563
11 U.S. government agency and
corporation obligations
(excludes mortgage-backed
securities) n.a. 121,503
12 Issued by U.S. government
agencies n.a. 2,853
13 Issued by U.S. government-
sponsored agencies n.a. 118,650
14 Securities issued by states
and political subdivisions
in the United States n.a. 63,254
15 Mortgage-backed securities
(MBS) n.a. 199,113
16 Pass-through securities n.a. 105,270
17 Guaranteed by GNMA n.a. 33,885
18 Issued by FNMA and FHLMC n.a. 69,799
19 Other pass-through
securities n.a. 1,586
20 Other mortgage-backed
securities (includes
CMOs, REMICs, and
stripped MBS) n.a. 93,843
21 Issued or guaranteed by
FNMA, FHLMC or GNMA n.a. 61,441
22 Collateralized by MBS
issued or guaranteed by
FNMA, FHLMC, or GNMA n.a. 1,661
23 All other mortgage-backed
securities n.a. 30,741
24 Asset-backed securities n.a. 62,475
25 Credit card receivables n.a. 24,891
26 Home equity lines n.a. 14,751
27 Automobile loans n.a. 11,704
28 Other consumer loans n.a. 553
29 Commercial and industrial
loans n.a. 2,811
30 Other n.a. 7,764
31 Other debt securities n.a. 29,943
32 Other domestic debt
securities n.a. 25,766
33 Foreign debt securities n.a. 4,177
34 Investments in mutual funds
and other equity
securities with readily
determinable fair value n.a. 6,925
35 Federal funds sold and
securities purchased under
agreements to resell 181,583 75,321
36 Total loans and leases (gross)
and lease-financing
receivables (net) 2,216,937 1,348,111
37 LESS: Unearned income on
loans 1,086 1,206
38 LESS: Loans and leases held
for sale n.a. 38,565
39 Total loans and leases (net of
unearned income) n.a. 1,308,340
40 LESS: Allowance for loan and
lease losses n.a. 22,735
41 Loans and leases, net of
unearned income and allowance n.a. 1,285,606
Total loans and leases, gross,
by category
42 Loans secured by real estate 980,048 774,021
43 Construction and land
development 97,643 93,686
44 Farmland 7,060 28,507
45 One- to four-family
residential properties 605,685 353,584
46 Revolving, open-end loans,
extended under lines of
credit 109,376 44,896
Closed-end loans secured by
one- to four-family
residential properties
47 Secured by first liens 432,814 267,824
48 Secured by junior liens 63,495 40,863
49 Multifamily (five or more)
residential properties 33,679 30,256
50 Nonfarm nonresidential
properties 235,981 267,988
51 Loans to depository
institutions and
acceptances of other banks 92,048 9,910
52 Commercial banks in the
United States 76,691 n.a.
53 Other depository institutions
in the United States 9,627 n.a.
54 Banks in foreign countries 5,729 n.a.
55 Loans to finance agricultural
production and other loans to
farmers 11,515 35,226
56 Commercial and industrial loans 587,527 235,167
57 U.S. addressees (domicile) 577,412 n.a.
58 Non-U.S. addressees
(domicile) 10,115 n.a.
59 Loans to individuals for
household, family, and
other personal expenditures
(includes purchased paper) 296,065 261,919
60 Credit cards 93,868 105,565
61 Other revolving credit plans 19,196 5,838
62 Other consumer loans (including
single-payment, installment,
and all student loans) 183,000 150,516
63 Obligations (other than
securities) of states and
political subdivisions in the
United States (includes
nonrated industrial
development obligations) 15,388 7,863
64 All other loans 85,840 11,311
65 Loans to foreign governments
and official institutions 2,382 10
66 Other loans 83,458 11,300
67 Loans for purchasing and
carrying securities 15,662 n.a.
68 All other loans (excludes
consumer loans) 67,795 n.a.
69 Lease-financing receivables 148,506 12,694
70 Trading assets n.a. 9,238
71 Premises and fixed assets
(including capitalized
leases) n.a. 30,663
72 Other real estate owned n.a. 2,014
73 Investments in unconsolidated
subsidiaries and associated
companies n.a. 1,224
74 Customers' liability on
acceptances outstanding n.a. 182
75 Net due form own foreign
offices, Edge Act and
agreement subsidiaries, and
IBFs 27,848 n.a.
76 Intangible assets n.a. 21,112
77 Goodwill n.a. 14,479
78 Other intangible assets n.a. 6,633
79 All other assets n.a. 70,956
80 Total liabilities, minority
interest, and equity capital n.a. 2,137,942
81 Total liabilities 3,221,338 1,931,888
82 Total deposits 2,154,810 1,573,585
83 Individuals, partnerships,
and corporations (include
all certified and official
checks) 2,027,816 1,457,326
84 U.S. government 10,866 1,425
85 States and political
subdivisions in the United
States 76,557 96,351
86 Commercial banks and other
depository institutions in
the United States 30,800 17,611
87 Banks in foreign countries 7,505 725
88 Foreign governments and
official institutions
(including foreign central
banks) 1,267 147
89 Total transaction accounts 419,271 319,297
90 Individuals, partnerships,
and corporations (include
all certified and
official checks) 360,883 280,592
91 U.S. Government 1,069 684
92 States and political
subidivisions in the
United States 24,234 28,918
93 Commercial banks and other
depository institutions
in the United States 25,792 8,739
94 Banks in foreign
countries 6,657 351
95 Foreign governments and
official institutions
(including foreign
central banks) 636 14
96 Total demand deposits 368,871 201,632
97 Total nontransaction accounts 1,735,539 1,254,289
98 Individuals, partnerships,
and corporations (include
all certified and
official checks) 1,666,932 1,176,735
99 U.S. Government 9,797 741
100 States and political
subdivisions in the
United States 52,322 67,434
101 Commercial banks and other
depository institutions
in the United States 5,009 8,871
102 Banks in foreign countries 847 375
103 Foreign governments and
official institutions
(including foreign
central banks) 631 133
104 Federal funds purchased and
securities sold under
agreements to repurchase 341,155 112,035
105 Trading liabilities n.a. 590
106 Other borrowed money (includes
mortgage indebtedness and
obligations under capitalized
leases) 308,204 199,683
107 Banks' liability on acceptances
executed and outstanding 3,494 182
108 Subordinated notes and
debentures to deposits n.a. 9,227
109 Net due to own foreign offices,
Edge Act and agreement
subsidiaries, and IBFs 124,946 n.a.
110 All other liabilities n.a. 36,585
111 Minority interest in
consolidated subsidiaries n.a. 889
112 Total equity capital n.a. 205,165
MEMO
113 Trading assets at large banks
(2) 151,285 1,848
114 U.S. Treasury securities
(domestic offices) 13,219 35
115 U.S. government agency
obligations (excluding MBS) 6,227 631
116 Securities issued by states
and political subdivisions
in the United States 1,616 355
117 Mortgage-backed securities 7,808 329
118 Other debt securities 25,228 59
119 Other trading assets 14,759 98
120 Trading assets in foreign
offices 0 0
121 Revaluation gains on interest
rate, foreign exchange
rate, and other commodity
and equity contracts 82,428 341
122 Total individual retirement
(IRA) and Keogh plan accounts 74,539 85,593
123 Total brokered deposits 97,313 127,515
124 Fully insured brokered
deposits 68,560 101,713
125 Issued in denominations of
less than $100,000 27,411 57,471
126 Issued in denominations of
$100,000, or in
denominations greater
than $100,000 and
participated out by the
broker in shares of
$100,000 or less 41,148 44,243
127 Money market deposit accounts
(MMDAs) 810,482 415,534
128 Other savings deposits
(excluding MMDAs) 295,995 189,557
129 Total time deposits of less
than $100,000 328,359 407,637
130 Total time deposits of $100,000
or more 300,703 241,558
131 Number of banks n.a. 7,919
NOTE. The notation "n.a." indicates the lesser detail available from
banks that do not have foreign offices, the inapplicability of certain
items to banks that have only domestic offices, or the absence of
detail on a fully consolidated basis for banks that have foreign
offices.
(1.) All transactions between domestic and foreign offices of a bank
are reported in "net due from" and "net due to" lines. All other lines
represent transactions with parties other than the domestic and foreign
offices of each bank. Because these intra-office transactions are
nullified by consolidation, total assets and total liabilities for the
entire bank may not equal the sum of assets and liabilities
respectively of the domestic and foreign offices.
Foreign offices include branches in foreign countries, Puerto Rico, and
US.-affiliated insular areas; subsidiaries in foreign countries; all
offices of Edge Act and agreement corporations wherever located; and
international banking facility (IBF).
(2.) Components of "Trading Assets at Large Banks" are reported only by
banks that reported trading assets of $2 million or more any quarter of
the preceding calender year.
Special Tables [] May 2002 Financial Markets
4.23 TERMS OF LENDING AT COMMERCIAL BANKS
Survey of Loans Made, February 4-8, 2002
A. Commercial and industrial loans made by all commercial banks (1)
Weighted-
average
maturity
(3)
Weighted-
average Amount of Average
effective loans loan size
Item loan rate (millions (thousands Days
(percent) of of
(2) dollars) dollars)
LOAN RISK (5)
1 All commercial and
industrial
loans 3.66 93,897 604 369
2 Minimal risk 2.10 7,082 1,989 228
3 Low risk 3.41 20,302 1,272 422
4 Moderate risk 3.90 34,845 669 471
5 Other 4.02 21,911 399 252
By maturity/
repricing
interval (6)
6 Zero interval 4.70 14,536 249 438
7 Minimal risk 3.88 309 323 528
8 Low risk 4.52 4,631 887 433
9 Moderate risk 4.78 4,705 218 535
10 Other 5.31 3,213 128 476
11 Daily 3.09 36,981 817 260
12 Minimal risk 1.84 5,251 4,014 151
13 Low risk 2.76 6,848 4,378 303
14 Moderate risk 3.19 10,554 776 429
15 Other 3.64 9,414 585 103
16 2 to 30 days 3.61 28,940 1,524 272
17 Minimal risk 2.70 747 2,102 137
18 Low risk 2.65 5,012 1,312 199
19 Moderate risk 3.99 15,315 2,469 356
20 Other 3.69 6,450 916 224
21 31 to 365 days 3.74 8,799 478 467
22 Minimal risk 2.23 716 1,031 108
23 Low risk 3.62 2,172 662 765
24 Moderate risk 3.63 3,038 522 443
25 Other 4.24 2,220 714 430
Months
26 More than 365 days 5.67 3,666 293 52
27 Minimal risk 7.11 57 241 283
28 Low risk 5.10 1,614 806 38
28 Moderate risk 6.14 1,145 279 59
30 Other 5.83 528 203 45
Weighted-
Weighted- average
average maturity/
risk repricing
rating (5) interval
(6)
Days
SIZE OF LOAN
(thousands of
dollars)
31 1-99 5.89 2,810 3.4 160
32 100-999 5.04 9,654 3.4 149
33 1,000-9,999 3.67 24,279 3.2 72
34 10,000 or more 3.31 57,154 2.7 49
BASE RATE OF LOAN (4)
35 Prime (7) 5.13 26,051 3.0 77
36 Fed funds 2.53 20,970 3.0 16
37 Other domestic 2.68 10,064 2.0 8
38 Foreign 3.46 23,948 3.0 52
39 Other 3.66 12,864 3.2 215
Amount of loans (percent)
Most
Secured Subject Made common
by Call- to pre- under base
Item colla- able payment commit- pricing
teral penalty ment rate (4)
LOAN RISK (5)
1 All commercial and
industrial
loans 26.5 14.6 32.7 77.8 Prime
2 Minimal risk 6.2 37.2 53.8 62.1 Fed funds
3 Low risk 15.2 8.2 38.3 89.9 Prime
4 Moderate risk 27.2 18.8 28.9 81.3 Prime
5 Other 37.7 6.4 27.7 81.2 Fed funds
By maturity/
repricing
interval (6)
6 Zero interval 47.2 11.3 6.6 85.6 Prime
7 Minimal risk 43.3 26.6 22.0 80.5 Prime
8 Low risk 22.0 2.1 9.5 97.2 Prime
9 Moderate risk 50.4 17.4 3.6 88.0 Prime
10 Other 70.5 14.6 8.6 88.2 Prime
11 Daily 18.0 13.4 38.9 66.6 Fed funds
12 Minimal risk .8 41.1 57.5 59.0 Fed funds
13 Low risk 6.5 10.9 55.5 84.9 Fed funds
14 Moderate risk 22.4 10.8 31.6 63.5 Fed funds
15 Other 30.1 5.4 22.0 69.9 Fed funds
16 2 to 30 days 19.4 18.5 37.7 89.6 Foreign
17 Minimal risk 7.1 34.7 32.3 61.6 Domestic
18 Low risk 16.3 11.7 39.5 93.0 Foreign
19 Moderate risk 17.5 27.5 35.4 93.6 Foreign
20 Other 25.0 3.8 42.0 91.2 Foreign
21 31 to 365 days 35.3 6.0 34.1 80.4 Foreign
22 Minimal risk 21.1 18.9 65.7 75.6 Foreign
23 Low risk 21.6 .7 15.0 78.6 Foreign
24 Moderate risk 36.5 7.3 35.1 84.3 Foreign
25 Other 48.9 2.8 40.3 88.2 Foreign
26 More than 365 days 52.1 8.8 38.8 75.2 Other
27 Minimal risk 99.2 ND 17.4 82.3 Other
28 Low risk 20.2 12.3 76.0 95.1 Other
28 Moderate risk 78.8 7.5 5.5 45.0 Prime
30 Other 71.2 5.9 21.9 85.1 Other
SIZE OF LOAN
(thousands of
dollars)
31 1-99 83.9 27.3 4.6 82.7 Prime
32 100-999 69.4 18.5 8.3 87.3 Prime
33 1,000-9,999 31.1 9.4 35.0 80.6 Foreign
34 10,000 or more 14.5 15.5 37.1 74.7 Fed funds
Average
size
(thou-
sands of
BASE RATE OF LOAN (4) dollars)
35 Prime (7) 43.6 26.4 2.2 91.6 240
36 Fed funds 10.4 5.3 44.0 69.7 7,212
37 Other domestic 7.5 42.5 46.8 31.3 3,077
38 Foreign 24.3 1.7 55.6 94.0 2,342
39 Other 37.2 7.8 22.0 69.1 422
B. Commercial and industrial loans made by all domestic banks (1)
Weighted-
average
maturity
(3)
Weighted-
average Amount of Average
effective loans loan size
Item loan rate (millions (thousands Days
(percent) of of
(2) dollars) dollars)
LOAN RISK (5)
1 All commercial and
industrial
loans 3.97 53,563 362 558
2 Minimal risk 2.08 6,179 1,803 253
3 Low risk 3.60 12,878 855 518
4 Moderate risk 4.31 19,269 388 704
5 Other 4.91 9,676 187 526
By maturity/
repricing
interval (6)
6 Zero interval 4.82 10,662 187 470
7 Minimal risk 3.84 297 311 531
8 Low risk 4.40 3,355 656 443
9 Moderate risk 4.79 3,613 171 504
10 Other 5.30 2,893 118 466
11 Daily 3.32 21,333 489 449
12 Minimal risk 1.84 5,251 4,014 151
13 Low risk 2.84 3,803 3,020 488
14 Moderate risk 3.70 6,379 485 725
15 Other 4.82 3,116 201 331
16 2 to 30 days 3.94 12,479 783 506
17 Minimal risk 3.05 348 1,297 278
18 Low risk 2.79 2,842 810 277
19 Moderate risk 4.47 6,421 1,287 623
20 Other 4.39 2,107 363 579
21 31 to 365 days 4.05 4,510 264 557
22 Minimal risk 2.46 225 345 159
23 Low risk 3.76 1,275 409 583
24 Moderate risk 3.76 1,628 296 577
25 Other 4.66 964 414 673
Months
26 More than 365 days 5.63 3,624 290 52
27 Minimal risk 7.11 57 241 283
28 Low risk 5.01 1,578 790 35
28 Moderate risk 6.13 1,139 278 59
30 Other 5.83 528 203 45
Weighted-
Weighted- average
average maturity/
risk repricing
rating (5) interval
(6)
Days
SIZE OF LOAN
(thousands of
dollars)
31 1-99 5.91 2,768 3.4 162
32 100-999 5.15 8,680 3.4 163
33 1,000-9,999 4.00 14,073 3.1 100
34 10,000 or more 3.39 28,042 2.3 84
BASE RATE OF LOAN (4)
35 Prime (7) 5.20 18,407 3.1 106
36 Fed funds 2.23 6,784 1.8 39
37 Other domestic 2.58 7,045 2.0 6
38 Foreign 4.02 11,095 2.9 68
39 Other 3.78 10,232 3.0 251
Amount of loans (percent)
Most
Secured Subject Made common
by Call- to pre- under base
Item colla- able payment commit- pricing
teral penalty ment rate (4)
LOAN RISK (5)
1 All commercial and
industrial
loans 36.6 17.9 22.5 81.4 Prime
2 Minimal risk 6.2 42.4 50.9 56.6 Fed funds
3 Low risk 19.4 12.9 36.2 87.8 Prime
4 Moderate risk 41.5 14.0 16.6 84.9 Prime
5 Other 63.9 12.4 10.5 88.4 Prime
By maturity/
repricing
interval (6)
6 Zero interval 52.8 15.1 8.5 90.0 Prime
7 Minimal risk 45.1 23.5 23.0 79.7 Prime
8 Low risk 26.0 2.9 12.9 96.1 Prime
9 Moderate risk 60.0 22.5 4.7 84.6 Prime
10 Other 74.1 15.7 8.3 89.8 Prime
11 Daily 25.9 23.3 32.5 77.3 Prime
12 Minimal risk .8 41.1 57.5 59.0 Fed funds
13 Low risk 11.7 19.7 49.1 83.3 Domestic
14 Moderate risk 37.1 17.9 29.2 82.1 Prime
15 Other 56.5 16.4 5.4 82.2 Prime
16 2 to 30 days 27.8 10.7 17.4 90.9 Foreign
17 Minimal risk 15.3 74.6 12.2 17.4 Domestic
18 Low risk 19.1 20.7 33.6 90.3 Foreign
19 Moderate risk 25.3 5.6 13.1 96.4 Foreign
20 Other 50.7 3.9 15.7 97.1 Foreign
21 31 to 365 days 52.0 11.7 13.3 73.4 Foreign
22 Minimal risk 44.2 60.2 * 23.9 Fed funds
23 Low risk 23.7 1.2 13.9 64.3 Other
24 Moderate risk 54.6 13.7 16.2 79.5 Foreign
25 Other 79.6 6.3 16.4 86.8 Foreign
26 More than 365 days 52.7 8.9 39.2 74.9 Other
27 Minimal risk 99.2 * 17.4 82.3 Other
28 Low risk 20.6 12.6 77.7 95.0 Other
28 Moderate risk 79.2 7.5 5.5 44.7 Prime
30 Other 71.2 5.9 21.9 85.1 Other
SIZE OF LOAN
(thousands of
dollars)
31 1-99 84.5 27.5 4.3 82.7 Prime
32 100-999 74.1 19.4 4.7 87.2 Prime
33 1,000-9,999 43.7 13.2 18.7 89.0 Prime
34 10,000 or more 16.6 18.9 31.7 75.7 Foreign
Average
size
(thousands
of
dollars)
BASE RATE OF LOAN (4)
35 Prime (7) 57.7 15.3 2.8 88.6 173
36 Fed funds 24.2 16.4 61.7 75.3 7,989
37 Other domestic 6.8 60.7 24.0 43.1 2,494
38 Foreign 31.3 3.6 29.1 96.5 1,444
39 Other 32.8 9.8 23.7 82.7 340
C. Commercial and industrial loans made by large domestic banks (1)
Weighted-
average
maturity
(3)
Weighted-
average Amount of Average
effective loans loan size
Item loan rate (millions (thousands Days
(percent) of of
(2) dollars) dollars)
LOAN RISK (5)
1 All commercial and
industrial
loans 3.74 47,491 607 496
2 Minimal risk 1.92 5,922 8,501 160
3 Low risk 3.41 11,828 2,210 451
4 Moderate risk 4.13 17,096 650 657
5 Other 4.73 8,299 257 491
By maturity/
repricing
interval (6)
6 Zero interval 4.59 8,131 347 448
7 Minimal risk 3.62 199 645 602
8 Low risk 4.31 3,019 4,592 419
9 Moderate risk 4.49 2,564 265 450
10 Other 5.15 2,246 184 474
11 Daily 3.26 20,723 527 428
12 Minimal risk 1.82 5,227 30,986 150
13 Low risk 2.77 3,676 3,904 477
14 Moderate risk 3.63 6,123 519 675
15 Other 4.78 2,923 204 316
16 2 to 30 days 3.91 11,600 1,199 502
17 Minimal risk 2.52 299 2,869 41
18 Low risk 2.72 2,745 999 258
19 Moderate risk 4.47 6,160 2,173 613
20 Other 4.27 1,908 548 584
21 31 to 365 days 3.50 3,615 1,428 559
22 Minimal risk 1.79 194 2,325 149
23 Low risk 3.28 1,084 1,638 492
24 Moderate risk 3.37 1,406 1,535 610
25 Other 4.39 822 1,171 682
Months
26 More than 365 days 4.99 2,489 1,364 35
27 Minimal risk 3.73 2 85 29
28 Low risk 4.71 1,279 4,669 26
28 Moderate risk 5.51 777 1,387 51
30 Other 4.95 333 442 32
Weighted-
Weighted- average
average maturity/
risk repricing
rating (5) interval
(6)
Days
SIZE OF LOAN
(thousands of
dollars)
31 1-99 5.19 1,476 3.6 34
32 100-999 4.77 5,957 3.5 57
33 1,000-9,999 3.83 12,146 3.2 57
34 10,000 or more 3.40 27,913 2.3 84
BASE RATE OF LOAN (4)
35 Prime (7) 5.05 14,556 3.1 74
36 Fed funds 2.18 6,710 1.8 13
37 Other domestic 2.51 6,921 2.0 3
38 Foreign 4.05 10,532 2.9 67
39 Other 3.33 8,772 3.0 171
Amount of loans (percent)
Most
Secured Subject Made common
by Call- to pre- under base
Item colla- able payment commit- pricing
teral penalty ment rate (4)
LOAN RISK (5)
1 All commercial and
industrial
loans 30.9 16.7 24.4 82.4 Prime
2 Minimal risk 3.1 43.4 52.0 56.1 Fed funds
3 Low risk 14.3 11.0 39.1 89.2 Prime
4 Moderate risk 36.1 12.8 17.1 86.7 Prime
5 Other 59.8 8.8 11.0 90.0 Prime
By maturity/
repricing
interval (6)
6 Zero interval 44.2 9.9 9.7 94.4 Prime
7 Minimal risk 45.8 10.4 28.6 79.2 Prime
8 Low risk 20.7 .8 13.9 99.6 Prime
9 Moderate risk 49.4 20.5 4.8 89.5 Prime
10 Other 71.7 10.0 8.3 94.0 Prime
11 Daily 24.0 22.7 33.2 77.2 Prime
12 Minimal risk .3 41.2 57.8 58.8 Fed funds
13 Low risk 10.3 19.3 50.8 84.0 Domestic
14 Moderate risk 34.6 17.9 29.9 81.7 Prime
15 Other 53.7 11.7 5.0 82.5 Prime
16 2 to 30 days 25.4 10.4 17.6 91.5 Foreign
17 Minimal risk 1.5 86.7 .0 18.2 Domestic
18 Low risk 17.8 20.0 34.8 90.2 Foreign
19 Moderate risk 23.5 4.9 12.3 96.9 Foreign
20 Other 46.6 3.3 17.3 97.0 Foreign
21 31 to 365 days 45.2 10.8 14.3 73.1 Foreign
22 Minimal risk 36.5 67.9 * 16.1 Fed funds
23 Low risk 13.9 .5 15.9 62.5 Other
24 Moderate risk 52.8 14.7 14.1 80.6 Foreign
25 Other 76.9 5.1 17.6 86.7 Foreign
26 More than 365 days 33.4 .1 54.0 82.2 Other
27 Minimal risk 76.7 * 16.0 89.9 Other
28 Low risk 2.6 * 94.8 99.9 Other
28 Moderate risk 72.5 .1 2.9 46.6 Prime
30 Other 59.7 .7 30.7 95.5 Other
SIZE OF LOAN
(thousands of
dollars)
31 1-99 83.4 27.5 2.4 90.6 Prime
32 100-999 69.1 16.1 3.9 94.1 Prime
33 1,000-9,999 38.5 10.3 19.9 91.4 Foreign
34 10,000 or more 16.7 19.0 31.8 75.6 Foreign
Average
size
(thousands
of
dollars)
BASE RATE OF LOAN (4)
35 Prime (7) 50.4 10.8 1.8 91.3 236
36 Fed funds 23.5 16.5 62.2 75.0 9,741
37 Other domestic 5.3 61.1 24.5 42.4 7,587
38 Foreign 31.3 3.0 30.0 97.0 1,540
39 Other 24.0 7.8 26.1 87.4 1,082
D. Commercial and industrial loans made by all commercial banks (1)
Weighted-
average
maturity
(3)
Weighted-
average Amount of Average
effective loans loan size
Item loan rate (millions (thousands Days
(percent) of of
(2) dollars) dollars)
LOAN RISK (5)
1 All commercial and
industrial
loans 5.75 6,072 87 1,035
2 Minimal risk 5.75 256 94 2,579
3 Low risk 5.70 1,050 108 1,315
4 Moderate risk 5.77 2,173 93 1,078
5 Other 5.96 1,377 71 722
By maturity/
repricing
interval (6)
6 Zero interval 5.58 2,530 75 539
7 Minimal risk 4.29 97 151 350
8 Low risk 5.21 335 75 735
9 Moderate risk 5.52 1,049 92 633
10 Other 5.80 647 52 444
11 Daily 5.31 609 140 1,139
12 Minimal risk 6.12 25 21 318
13 Low risk 4.93 127 399 806
14 Moderate risk 5.31 256 187 1,851
15 Other 5.36 193 167 541
16 2 to 30 days 4.36 879 140 565
17 Minimal risk 6.26 49 297 1,697
18 Low risk 5.03 97 128 752
19 Moderate risk 4.40 261 121 863
20 Other 5.52 199 86 536
21 31 to 365 days 6.27 895 62 546
22 Minimal risk 6.68 31 55 221
23 Low risk 6.43 191 78 1,100
24 Moderate risk 6.24 222 48 369
25 Other 6.22 142 87 617
Months
26 More than 365 days 7.05 1,135 106 88
27 Minimal risk 7.22 55 257 291
28 Low risk 6.31 300 174 76
28 Moderate risk 7.46 362 102 75
30 Other 7.32 196 106 66
Weighted-
Weighted- average
average maturity/
risk repricing
rating (5) interval
(6)
Days
SIZE OF LOAN
(thousands of
dollars)
31 1-99 6.73 1,293 3.1 305
32 100-999 5.98 2,722 3.1 392
33 1,000-9,999 5.02 1,928 2.8 369
34 10,000 or more * * * *
BASE RATE OF LOAN (4)
35 Prime (7) 5.77 3,851 3.1 228
36 Fed funds 6.68 74 3.8 2,135
37 Other domestic 6.16 124 2.4 192
38 Foreign 3.43 563 2.7 96
39 Other 6.52 1,461 2.7 733
Amount of loans (percent)
Most
Secured Subject Made common
by Call- to pre- under base
Item colla- able payment commit- pricing
teral penalty ment rate (4)
LOAN RISK (5)
1 All commercial and
industrial
loans 80.5 27.6 7.7 73.7 Prime
2 Minimal risk 77.7 20.9 24.6 68.4 Prime
3 Low risk 77.0 34.3 3.0 71.6 Prime
4 Moderate risk 83.9 23.7 12.4 70.1 Prime
5 Other 88.3 33.7 7.5 78.9 Prime
By maturity/
repricing
interval (6)
6 Zero interval 80.4 32.1 4.9 75.9 Prime
7 Minimal risk 43.7 50.3 11.4 80.7 Prime
8 Low risk 74.0 22.3 3.9 64.9 Prime
9 Moderate risk 86.0 27.4 4.4 72.5 Prime
10 Other 82.3 35.6 8.3 75.1 Prime
11 Daily 88.2 42.4 9.3 80.7 Prime
12 Minimal risk 100.0 3.2 * 95.1 Prime
13 Low risk 50.7 30.5 * 62.0 Prime
14 Moderate risk 97.3 17.6 13.8 91.6 Prime
15 Other 99.1 87.0 10.9 78.0 Prime
16 2 to 30 days 58.6 14.5 14.2 82.5 Prime
17 Minimal risk 100.0 .4 87.2 12.8 Prime
18 Low risk 54.8 39.2 .1 93.7 Prime
19 Moderate risk 68.2 22.3 31.4 83.9 Other
20 Other 89.9 9.7 .3 97.2 Prime
21 31 to 365 days 79.8 15.3 9.5 74.5 Other
22 Minimal risk 92.0 12.2 * 72.3 Other
23 Low risk 79.2 5.5 2.3 74.5 Other
24 Moderate risk 65.4 7.2 29.5 73.0 Other
25 Other 95.3 13.0 9.5 87.2 Prime
26 More than 365 days 95.0 28.0 6.9 59.0 Other
27 Minimal risk 100.0 * 17.5 82.0 Other
28 Low risk 97.4 66.1 4.6 74.1 Prime
28 Moderate risk 93.6 23.4 11.1 40.8 Other
30 Other 90.6 14.6 7.0 67.5 Other
SIZE OF LOAN
(thousands of
dollars)
31 1-99 85.7 27.5 6.4 73.7 Prime
32 100-999 85.0 26.5 6.5 72.1 Prime
33 1,000-9,999 76.1 31.1 10.9 74.2 Prime
34 10,000 or more * * * * *
Average
size
(thou-
sands of
dollars)
BASE RATE OF LOAN (4)
35 Prime (7) 85.3 32.0 6.6 78.2 86
36 Fed funds 92.8 6.8 12.3 98.4 459
37 Other domestic 91.0 38.6 * 78.9 65
38 Foreign 30.7 14.3 11.9 86.9 665
39 Other 85.5 21.3 9.7 54.9 66
E. Commercial and industrial loans made by U.S. branches and agencies
of foreign banks (1)
Weighted-
average
maturity
(3)
Weighted-
average Amount of Average
effective loans loan size
Item loan rate (millions (thousands Days
(percent) of of
(2) dollars) dollars)
LOAN RISK (5)
1 All commercial and
industrial
loans 3.25 40,334 5,522 105
2 Minimal risk 2.28 903 6,770 62
3 Low risk 3.10 7,424 8,279 254
4 Moderate risk 3.38 15,576 6,452 104
5 Other 3.32 12,236 3,730 52
By maturity/
repricing
interval (6)
6 Zero interval 4.36 3,874 3,121 356
7 Minimal risk * * * *
8 Low risk 4.84 1,276 11,562 405
9 Moderate risk 4.77 1,092 2,581 633
10 Other 5.46 320 543 584
11 Daily 2.79 15,649 9,835 16
12 Minimal risk * * * *
13 Low risk 2.66 3,045 9,984 77
14 Moderate risk 2.42 4,175 9,392 2
15 Other 3.06 6,298 10,455 1
16 2 to 30 days 3.37 16,461 5,405 51
17 Minimal risk 2.39 399 4,572 19
18 Low risk 2.47 2,170 6,939 107
19 Moderate risk 3.64 8,894 7,335 30
20 Other 3.35 4,344 3,503 50
21 31 to 365 days 3.42 4,290 3,184 365
22 Minimal risk * * * *
23 Low risk 3.42 897 5,468 1,160
24 Moderate risk 3.47 1,409 4,276 285
25 Other 3.92 1,256 1,610 235
Months
26 More than 365 days * * * *
27 Minimal risk * * * *
28 Low risk * * * *
28 Moderate risk * * * *
30 Other * * * *
Weighted-
Weighted- average
average maturity/
risk repricing
rating (5) interval
(6)
Days
SIZE OF LOAN
(thousands of
dollars)
31 1-99 4.74 41 4.0 26
32 100-999 4.03 974 3.4 30
33 1,000-9,999 3.22 10,206 3.2 33
34 10,000 or more 3.23 29,112 3.2 16
BASE RATE OF LOAN (4)
35 Prime (7) 4.94 7,645 2.8 6
36 Fed funds 2.68 14,185 3.5 6
37 Other domestic 2.91 3,019 2.3 10
38 Foreign 2.98 12,853 3.0 37
39 Other 3.17 2,632 4.1 76
Amount of loans (percent)
Most
Secured Subject Made common
by Call- to pre- under base
Item colla- able payment commit- pricing
teral penalty ment rate (4)
LOAN RISK (5)
1 All commercial and
industrial
loans 13.2 10.1 46.2 72.9 Fed funds
2 Minimal risk 5.7 1.4 74.1 99.7 Foreign
3 Low risk 7.9 .0 42.0 93.5 Fed funds
4 Moderate risk 9.5 24.7 44.1 76.9 Foreign
5 Other 16.9 1.6 41.3 75.5 Fed funds
By maturity/
repricing
interval (6)
6 Zero interval 31.9 .9 1.2 73.4 Prime
7 Minimal risk * * * * *
8 Low risk 11.4 .0 .5 99.9 Prime
9 Moderate risk 18.5 .5 .2 99.5 Prime
10 Other 38.3 4.5 11.4 73.9 Prime
11 Daily 7.4 * 47.6 52.0 Fed funds
12 Minimal risk * * * * *
13 Low risk * * 63.5 87.0 Fed funds
14 Moderate risk .0 * 35.3 35.2 Fed funds
15 Other 17.0 * 30.2 63.8 Fed funds
16 2 to 30 days 13.1 24.4 53.1 88.6 Foreign
17 Minimal risk * * 49.9 100.0 Fed funds
18 Low risk 12.6 * 47.3 96.5 Foreign
19 Moderate risk 12.0 43.3 51.5 91.7 Foreign
20 Other 12.5 3.8 54.8 88.4 Foreign
21 31 to 365 days 17.8 .0 55.9 87.9 Foreign
22 Minimal risk * * * *
23 Low risk 18.6 * 16.5 98.9 Foreign
24 Moderate risk 15.6 * 57.1 89.9 Foreign
25 Other 25.4 .1 58.6 89.2 Foreign
26 More than 365 days * * * * *
27 Minimal risk * * * * *
28 Low risk * * * * *
28 Moderate risk * * * * *
30 Other * * * * *
SIZE OF LOAN
(thousands of
dollars)
31 1-99 43.7 10.7 24.5 79.3 Prime
32 100-999 27.6 10.2 40.2 88.2 Foreign
33 1,000-9,999 13.8 4.1 57.6 68.9 Fed funds
34 10,000 or more 12.5 12.2 42.4 73.8 Fed funds
Average
size
(thou-
sands of
dollars)
BASE RATE OF LOAN (4)
35 Prime (7) 9.6 53.3 1.0 98.8 4,068
36 Fed funds 3.8 * 35.5 67.0 6,891
37 Other domestic 9.1 * 100.0 3.7 6,767
38 Foreign 18.3 .0 78.5 91.9 5,064
39 Other 54.4 * 15.1 15.9 6,896
NOTE. The Survey of Terms of Business Lending collects data on gross
loan extensions made during the first full business week in the
mid-month of each quarter. The authorized panel size for the survey
is 348 domestically chartered commercial banks and 50 U.S. branches
and agencies of foreign banks. The sample data are used to estimate
the terms of loans extended during that week at all domestic
commercial banks and all U.S. branches and agencies of foreign banks.
Note that the terms on loans extended during the survey week may differ
from those extended during other weeks of the quarter. The estimates
reported here are not intended to measure the average terms on all
business loans in bank portfolios.
(1.) As of March 31, 2001, assets of the large banks were at least $4
billion. Median total assets for all insured banks were roughly $80
million. Assets at all U.S. branches and agencies averaged $2.7
billion.
(2.) Effective (compounded) annual interest rates are calculated
from the stated rate and other terms of the loans and weighted by
loan amount. The standard error of the loan rate for all commercial
and industrial loans in the current survey (line 1, column 1) is 0.10
percentage point. The chances are about two out of three that the
average rate shown would differ by less than this amount from the
average rate that would be found by a complete survey of the universe
of all banks.
(3.) Average maturities are weighted by loan amount and exclude loans
with no stated maturities.
(4.) The most common base pricing rate is that used to price the
largest dollar volume of loans. Base pricing rates include the prime
rate (sometimes referred to as a bank's "base" or "reference" rate);
the federal funds rate; domestic money market rates other than the
prime rate and the federal funds rate; foreign money market rates;
and other base rates not included in the foregoing classifications.
(5.) A complete description of these risk categories is available from
the Banking Analysis Section, Mail Stop 81, Board of Governors of the
Federal Reserve System, Washington, DC 20551. The category "Moderate
risk" includes the average loan, under average economic conditions,
at the typical lender. The category "Other" includes loans rated
"acceptable" as well as special mention or classified loans. The
weighted-average risk rating published for loans in rows 31-39 are
calculated by assigning a value of "1" to minimal risk loans; "2" to
low risk loans; "3" to moderate risk loans, "4" to acceptable risk
loans; and "5" to special mention and classified loans. These values
are weighted by loan amount and exclude loans with no risk rating.
Some of the loans in lines 1, 6, 11, 16, 21, 26, and 31-39 are not
rated for risk.
(6.) The maturity/repricing interval measures the period from the
date the loan is made until it first may reprice or it matures.
For floating-rate loans that are subject to repricing at any
time--such as many prime-based loans--the maturity/repricing
interval is zero. For floating-rate loans that have a scheduled
repricing interval, the maturity/repricing interval measures
the number of days between the date the loan is made and the
date on which it is next scheduled to reprice. For loans having
rates that remain fixed until the loan matures (fixed-rate loans),
the maturity/repricing interval measures the number of days between
the date the loan is made and the date on which it matures. Loans
that reprice daily mature or reprice on the business day after they
are made. Owing to weekends and holidays, such loans may have
maturity/repricing intervals in excess of one day; such loans are
not included in the "2 to 30 day" category.
(7.) For the current survey, the average reported prime rate, weighted
by the amount of loans priced relative to a prime base rate, was 4.78
percent for all banks, 4.75 percent for large domestic banks, 4.94
percent for small domestic banks, and 4.75 percent for U.S. branches
and agencies of foreign banks.
Special Tables [] May 2002 U.S. Branches and Agencies
4.30 ASSETS AND LIABILITIES of U.S. Branches and Agencies of Foreign
Banks, December 31, 2001 (1)
Millions of dollars except as noted
All states (2) New York
Total IBFs Total
including only including IBFs
Item IBFs (3) (3) IBFs only
1 Total assets (4) 1,031,062 151,103 840,002 113,070
2 Claims on nonrelated
parties 761,602 63,516 627,220 53,258
3 Cash and balances due
from depository
institutions 63,977 22,488 57,834 21,112
4 Cash items in process
of collection and
unposted debits 2,640 0 2,269 0
5 Currency and coin
(U.S. and foreign) 14 n.a. 9 n.a.
6 Balances with
depository
institutions in
United States 43,562 10,864 40,342 10,164
7 U.S. branches and
agencies of other
foreign banks
(including their
IBFs) 39,735 10,622 37,049 9,936
8 Other depository
institutions in
United States
(including their
IBFs) 3,826 242 3,293 228
9 Balances with banks
in foreign
countries and
with foreign
central banks 17,271 11,624 14,851 10,948
10 Foreign branches of
U.S. banks 548 384 528 364
11 Banks in home
country and home-
county central
banks 5,347 2,479 3,643 2,474
12 All other banks in
foreign countries
and foreign
central banks 11,377 8,760 10,680 8,109
13 Balances with Federal
Reserve Banks 490 n.a. 363 n.a.
14 Total securities and
loans 451,340 34,049 344,854 25,346
15 Total securities, book
value 129,700 5,763 108,597 5,333
16 U.S. Treasury 20,128 n.a. 19,208 n.a.
17 Obligations of U.S.
government agencies
and corporations 26,725 n.a. 22,350 n.a.
18 Other bonds, notes,
debentures, and
corporate stock
(including state
and local
securities) 82,847 5,763 67,039 5,333
19 Securities of
foreign govern-
mental units 11,790 3,819 11,573 3,757
20 Mortgage-backed
securities 19,631 116 15,750 100
21 Other asset-backed
securities 16,579 18 9,326 18
22 All other 34,847 1,810 30,390 1,458
23 Federal funds sold and
securities
purchased under
agreements to
resell 101,065 5,285 98,812 5,226
24 Depository
institutions in the
United States 15,285 2,406 13,768 2,347
25 Other 85,780 2,879 85,044 2,879
26 Total loans, gross 321,999 28,313 236,552 20,034
27 LESS: Unearned income
on loans 358 28 295 22
28 EQUALS: Loans, net 321,641 28,286 236,257 20,013
Total loans, gross, by
category
29 Real estate loans 17,954 61 13,847 61
30 Loans to depository
institutions and
acceptances of
other banks 78,428 14,094 60,896 8,146
31 Commercial banks in
United States
(including their
IBFs) 6,692 2,362 4,939 1,201
32 U.S. branches and
agencies of other
foreign banks 5,193 2,342 3,500 1,181
33 Other commercial
banks in United
States 1,499 20 1,439 20
34 Other depository
institutions in
United States
(including their
IBFs) 14 0 0 0
35 Banks in foreign
countries 17,170 11,158 10,536 6,478
36 Foreign branches of
U.S. banks 621 477 555 416
37 Other banks in
foreign countries 16,550 10,681 9,981 6,062
38 Loans to other
financial
institutions 54,551 574 45,421 468
39 Commercial and
industrial loans 203,925 12,211 143,293 10,228
40 U.S. addressees
(domicile) 167,309 47 118,913 46
41 Non-U.S. addressees
(domicile) 36,617 12,164 24,380 10,182
42 Loans to foreign
governments and
official institutions
(including foreign
central banks) 3,774 1,860 2,516 1,535
43 Loans for purchasing or
carrying securities
(secured and
unsecured) 11,179 0 10,652 0
44 All other loans 6,180 87 5,140 64
45 Lease financing
receivables (net
of unearned income) 558 0 209 0
46 U.S. Addressees
(domicile) 504 0 209 0
47 Non-U.S. addressees
(domicile) 54 0 0 0
48 Trading assets 112,099 838 96,390 837
49 All other assets 33,120 855 29,330 736
50 Customers' liabili-
ties on accept-
ances outstanding 919 n.a. 667 n.a.
51 U.S. addressees 414 n.a. 350 n.a.
(domicile)
52 Non-U.S. addressees
(domicile) 505 n.a. 316 n.a.
53 Other assets
including other
claims on non-
related parties 32,201 855 28,663 736
54 Net due from related
depository
institutions (5) 269,460 87,587 212,782 59,813
55 Net due from head
office and other
related depository
institutions (5) 269,460 n.a. 212,782 n.a.
56 Net due from
establishing
entity, head
office, and other
related depository
institutions (5) n.a. 87,587 n.a. 59,813
57 Total liabilities (4) 1,031,062 151,103 840,002 113,070
58 Liabilities to non-
related parties 880,619 140,421 734,237 103,409
59 Total deposits and
credit balances 448,418 95,880 371,844 75,115
60 Individuals, partner-
ships, and
corporations
(including
certified and
official checks) 352,692 9,843 282,467 4,708
61 U.S. addressees
(domicile) 335,781 72 271,725 50
62 Non-U.S. addressees
(domicile) 16,911 9,771 10,743 4,658
63 Commercial banks in
United States
(including their
IBFs) 58,259 10,320 54,310 8,857
64 U.S. branches and
agencies of other
foreign banks 18,700 9,442 16,686 8,102
65 Other commercial
banks in United
States 39,559 878 37,624 755
66 Banks in foreign
countries 9,334 49,098 8,723 40,272
67 Foreign branches of
U.S. banks 1,444 1,790 1,441 1,364
68 Other banks in
foreign countries 7,889 47,307 7,282 38,908
69 Foreign governments
and official
institutions
(including foreign
central banks) 8,114 26,616 7,782 21,275
70 All other deposits
and credit balances 20,018 3 18,562 3
71 Transaction accounts
and credit balances
(excluding IBFs) 9,528 n.a. 6,828 n.a.
72 Individuals, partner-
ships, and
corporations
(including
certified and
official checks) 8,101 n.a. 5,662 n.a.
73 U.S. addressees
(domicile) 5,769 n.a. 4,431 n.a.
74 Non-U.S. addressees
(domicile) 2,332 n.a. 1,232 n.a.
75 Commercial banks in
United States
(including their
IBFs) 108 n.a. 105 n.a.
76 U.S. branches and
agencies of other
foreign banks 3 n.a. 2 n.a.
77 Other commercial
banks in United
States 105 n.a. 102 n.a.
78 Banks in foreign
countries 744 n.a. 548 n.a.
79 Foreign branches of
U.S. banks 5 n.a. 5 n.a.
80 Other banks in
foreign countries 739 n.a. 543 n.a.
81 Foreign governments
and official
institutions
(including foreign
central banks) 424 n.a. 382 n.a.
82 All other deposits
and credit balances 151 n.a. 132 n.a.
83 Nontransaction accounts
(including MMDAs,
excluding IBFs) 438,889 n.a. 365,015 n.a.
84 Individuals, partner-
ships, and
corporations
(including
certified and
official checks) 344,591 n.a. 276,805 n.a.
85 U.S. addressees
(domicile) 330,012 n.a. 267,294 n.a.
86 Non-U.S. addressees
(domicile) 14,578 n.a. 9,511 n.a.
87 Commercial banks in
United States
(including their
IBFs) 58,151 n.a. 54,205 n.a.
88 U.S. branches and
agencies of other
foreign banks 18,697 n.a. 16,684 n.a.
89 Other commercial
banks in United
States 39,454 n.a. 37,521 n.a.
90 Banks in foreign
countries 8,590 n.a. 8,175 n.a.
91 Foreign branches of
U.S. banks 1,439 n.a. 1,436 n.a.
92 Other banks in
foreign countries 7,151 n.a. 6,739 n.a.
93 Foreign governments
and official
institutions
(including foreign
central banks) 7,690 n.a. 7,400 n.a.
94 All other deposits
and credit balances 19,867 n.a. 18,430 n.a.
95 IBF deposit liabilities n.a. 95,880 n.a. 75,115
96 Individuals, partner-
ships, and
corporations
(including
certified and
official checks) n.a. 9,843 n.a. 4,708
97 U.S. addressees
(domicile) n.a. 72 n.a. 50
98 Non-U.S. addressees
(domicile) n.a. 9,771 n.a. 4,658
99 Commercial banks in
United States
(including their
IBFs) n.a. 10,320 n.a. 8,857
100 U.S. branches and
agencies of other
foreign banks n.a. 9,442 n.a. 8,102
101 Other commercial
banks in United
States n.a. 878 n.a. 755
102 Banks in foreign
countries n.a. 49,098 n.a. 40,272
103 Foreign branches of
U.S. banks n.a. 1,790 n.a. 1,364
104 Other banks in
foreign countries n.a. 47,307 n.a. 38,908
105 Foreign governments
and official
institutions
(including foreign
central banks) n.a. 26,616 n.a. 21,275
106 All other deposits
and credit balances n.a. 3 n.a. 3
107 Federal funds purchased
and securities sold
under agreements to
repurchase 167,617 23,984 148,318 13,677
108 Depository institu-
tions in the United
States 27,667 5,927 19,589 1,872
109 Other 139,949 18,057 128,728 11,804
110 Other borrowed money 77,567 19,381 62,319 13,656
111 Owed to nonrelated
commercial banks in
United States
(including their
IBFs) 11,556 3,370 9,567 2,527
112 Owed to U.S. offices
of nonrelated U.S.
banks 6,530 678 5,866 580
113 Owed to U.S. branches
and agencies of
nonrelated
foreign banks 5,026 2,691 3,702 1,947
114 Owed to nonrelated
banks in foreign
countries 14,263 12,092 10,343 8,411
115 Owed to foreign
branches of
nonrelated U.S.
banks 1,211 950 904 765
116 Owed to foreign
offices of non-
related foreign
banks 13,052 11,142 9,439 7,645
117 Owed to others 51,748 3,919 42,408 2,719
118 All other liabilities 91,137 1,177 76,642 961
119 Branch or agency
liability on
acceptances
executed and
outstanding 1,023 n.a. 680 n.a.
120 Trading liabilities 59,319 100 48,524 98
121 Other liabilities to
nonrelated parties 30,795 1,077 27,438 864
122 Net due to related
depository
institutions (5) 150,444 10,682 105,765 9,661
123 Net due to head
office and other
related depository
institutions (5) 150,444 n.a. 105,765 n.a.
124 Net due to estab-
lishing entity,
head office, and
other related
depository
institutions (5) n.a. 10,682 n.a. 9,661
MEMO
125 Holdings of own
acceptances included
in commercial and
industrial loans 929 n.a. 500 n.a.
126 Commercial and
industrial loans
with remaining
maturity of one
year or less
(excluding those in
nonaccrual status) 95,279 n.a. 62,043 n.a.
127 Predetermined
interest rates 45,850 n.a. 24,454 n.a.
128 Floating interest
rates 49,429 n.a. 37,589 n.a.
129 Commercial and
industrial loans
with remaining
maturity of more
than one year
(excluding those in
nonaccrual status) 101,859 n.a. 76,531 n.a.
130 Predetermined
interest rates 18,512 n.a. 13,975 n.a.
131 Floating interest
rates 83,347 n.a. 62,556 n.a.
132 Components of total
nontransaction
accounts, included
in total deposits
and credit balances 437,190 n.a. 363,868 n.a.
133 Time deposits of
$100,000 or more 430,313 n.a. 357,748 n.a.
134 Time CDs in denomina-
tions of $100,000
or more with
remaining maturity
of more than 12
months 6,877 n.a. 6,120 n.a.
135 Immediately available
funds with a maturity
greater than one day
included in other
borrowed money 32,698 n.a. 27,239 n.a.
136 Number of reports filed
(6) 317 0 164 0
California Illinois
Total Total
including IBFs including IBFs
Item IBFs only IBFs only
1 Total assets (4) 20,599 6,028 39,043 3,229
2 Claims on nonrelated
parties 19,851 2,559 35,038 34
3 Cash and balances due
from depository
institutions 710 172 619 3
4 Cash items in process
of collection and
unposted debits 4 0 42 0
5 Currency and coin
(U.S. and foreign) 1 n.a. 0 n.a.
6 Balances with
depository
institutions in
United States 583 78 568 3
7 U.S. branches and
agencies of other
foreign banks
(including their
IBFs) 396 77 453 3
8 Other depository
institutions in
United States
(including their
IBFs) 187 1 115 0
9 Balances with banks
in foreign
countries and
with foreign
central banks 96 94 3 0
10 Foreign branches of
U.S. banks 20 20 0 0
11 Banks in home
country and home-
county central
banks 5 5 0 0
12 All other banks in
foreign countries
and foreign
central banks 71 69 2 0
13 Balances with Federal
Reserve Banks 25 n.a. 7 n.a.
14 Total securities and
loans 18,637 2,322 25,929 30
15 Total securities, book
value 1,387 390 3,794 13
16 U.S. Treasury 58 n.a. 277 n.a.
17 Obligations of U.S.
government agencies
and corporations 38 n.a. 1,309 n.a.
18 Other bonds, notes,
debentures, and
corporate stock
(including state
and local
securities) 1,291 390 2,208 13
19 Securities of
foreign govern-
mental units 155 38 13 13
20 Mortgage-backed
securities 210 0 0 0
21 Other asset-backed
securities 0 0 0 0
22 All other 926 352 2,194 0
23 Federal funds sold and
securities
purchased under
agreements to
resell 220 54 244 0
24 Depository
institutions in the
United States 220 54 0 0
25 Other 0 0 244 0
26 Total loans, gross 17,273 1,932 22,142 16
27 LESS: Unearned income
on loans 22 1 8 0
28 EQUALS: Loans, net 17,250 1,931 22,134 16
Total loans, gross, by
category
29 Real estate loans 2,660 0 133 0
30 Loans to depository
institutions and
acceptances of
other banks 3,532 1,761 4,717 16
31 Commercial banks in
United States
(including their
IBFs) 1,335 1,039 14 0
32 U.S. branches and
agencies of other
foreign banks 1,330 1,039 1 0
33 Other commercial
banks in United
States 5 0 13 0
34 Other depository
institutions in
United States
(including their
IBFs) 0 0 0 0
35 Banks in foreign
countries 783 722 608 16
36 Foreign branches of
U.S. banks 21 20 0 0
37 Other banks in
foreign countries 762 702 608 16
38 Loans to other
financial
institutions 1,413 0 4,095 0
39 Commercial and
industrial loans 10,449 149 16,337 0
40 U.S. addressees
(domicile) 9,714 0 14,094 0
41 Non-U.S. addressees
(domicile) 735 149 2,243 0
42 Loans to foreign
governments and
official institutions
(including foreign
central banks) 312 22 215 0
43 Loans for purchasing or
carrying securities
(secured and
unsecured) 0 0 165 0
44 All other loans 320 0 227 0
45 Lease financing
receivables (net
of unearned income) 0 0 349 0
46 U.S. Addressees
(domicile) 0 0 295 0
47 Non-U.S. addressees
(domicile) 0 0 54 0
48 Trading assets 59 0 6,707 0
49 All other assets 225 12 1,539 0
50 Customers' liabili-
ties on accept-
ances outstanding 55 n.a. 157 n.a.
51 U.S. addressees 51 n.a. 5 n.a.
(domicile)
52 Non-U.S. addressees
(domicile) 4 n.a 152 n.a
53 Other assets
including other
claims on non-
related parties 169 12 1,383 0
54 Net due from related
depository
institutions (5) 747 3,469 4,005 3,195
55 Net due from head
office and other
related depository
institutions (5) 747 n.a. 4,005 n.a.
56 Net due from
establishing
entity, head
office, and other
related depository
institutions (5) n.a. 3,469 n.a. 3,195
57 Total liabilities (4) 20,599 6,028 39,043 3,229
58 Liabilities to non-
related parties 10,362 5,919 34,444 3,206
59 Total deposits and
credit balances 3,129 933 16,102 1,599
60 Individuals, partner-
ships, and
corporations
(including
certified and
official checks) 2,801 115 14,895 5
61 U.S. addressees
(domicile) 1,081 0 14,776 0
62 Non-U.S. addressees
(domicile) 1,720 115 119 5
63 Commercial banks in
United States
(including their
IBFs) 304 33 1,066 172
64 U.S. branches and
agencies of other
foreign banks 32 33 140 154
65 Other commercial
banks in United
States 272 0 926 18
66 Banks in foreign
countries 16 112 0 612
67 Foreign branches of
U.S. banks 0 0 0 77
68 Other banks in
foreign countries 16 112 0 534
69 Foreign governments
and official
institutions
(including foreign
central banks) 7 672 0 811
70 All other deposits
and credit balances 1 0 140 0
71 Transaction accounts
and credit balances
(excluding IBFs) 309 n.a. 718 n.a.
72 Individuals, partner-
ships, and
corporations
(including
certified and
official checks) 289 n.a. 717 n.a.
73 U.S. addressees
(domicile) 130 n.a. 714 n.a.
74 Non-U.S. addressees
(domicile) 159 n.a. 3 n.a.
75 Commercial banks in
United States
(including their
IBFs) 1 n.a. 0 n.a.
76 U.S. branches and
agencies of other
foreign banks 0 n.a. 0 n.a.
77 Other commercial
banks in United
States 1 n.a. 0 n.a.
78 Banks in foreign
countries 16 n.a. 0 n.a.
79 Foreign branches of
U.S. banks 0 n.a. 0 n.a.
80 Other banks in
foreign countries 16 n.a. 0 n.a.
81 Foreign governments
and official
institutions
(including foreign
central banks) 2 n.a. 0 n.a.
82 All other deposits
and credit balances 1 n.a. 0 n.a.
83 Nontransaction accounts
(including MMDAs,
excluding IBFs) 2,821 n.a. 15,385 n.a.
84 Individuals, partner-
ships, and
corporations
(including
certified and
official checks) 2,512 n.a. 14,178 n.a.
85 U.S. addressees
(domicile) 951 n.a. 14,062 n.a.
86 Non-U.S. addressees
(domicile) 1,561 n.a. 116 n.a.
87 Commercial banks in
United States
(including their
IBFs) 303 n.a. 1,066 n.a.
88 U.S. branches and
agencies of other
foreign banks 32 n.a. 140 n.a.
89 Other commercial
banks in United
States 271 n.a. 926 n.a.
90 Banks in foreign
countries 0 n.a. 0 n.a.
91 Foreign branches of
U.S. banks 0 n.a. 0 n.a.
92 Other banks in
foreign countries 0 n.a. 0 n.a.
93 Foreign governments
and official
institutions
(including foreign
central banks) 5 n.a. 0 n.a.
94 All other deposits
and credit balances 0 n.a. 140 n.a.
95 IBF deposit liabilities n.a. 933 n.a. 1,599
96 Individuals, partner-
ships, and
corporations
(including
certified and
official checks) n.a. 115 n.a. 5
97 U.S. addressees
(domicile) n.a. 0 n.a. 0
98 Non-U.S. addressees
(domicile) n.a. 115 n.a. 5
99 Commercial banks in
United States
(including their
IBFs) n.a. 33 n.a. 172
100 U.S. branches and
agencies of other
foreign banks n.a. 33 n.a. 154
101 Other commercial
banks in United
States n.a. 0 n.a. 18
102 Banks in foreign
countries n.a. 112 n.a. 612
103 Foreign branches of
U.S. banks n.a. 0 n.a. 77
104 Other banks in
foreign countries n.a. 112 n.a. 534
105 Foreign governments
and official
institutions
(including foreign
central banks) n.a. 672 n.a. 811
106 All other deposits
and credit balances n.a. 0 n.a. 0
107 Federal funds purchased
and securities sold
under agreements to
repurchase 1,105 313 4,700 1,385
108 Depository institu-
tions in the United
States 774 218 1,489 315
109 Other 330 95 3,211 1,070
110 Other borrowed money 5,003 4,646 5,258 209
111 Owed to nonrelated
commercial banks in
United States
(including their
IBFs) 802 744 562 25
112 Owed to U.S. offices
of nonrelated U.S.
banks 126 78 427 0
113 Owed to U.S. branches
and agencies of
nonrelated
foreign banks 676 666 135 25
114 Owed to nonrelated
banks in foreign
countries 3,101 3,052 184 184
115 Owed to foreign
branches of
nonrelated U.S.
banks 185 185 0 0
116 Owed to foreign
offices of non-
related foreign
banks 2,917 2,867 184 184
117 Owed to others 1,100 850 4,513 0
118 All other liabilities 192 27 6,784 13
119 Branch or agency
liability on
acceptances
executed and
outstanding 56 n.a. 241 n.a.
120 Trading liabilities 19 0 5,292 2
121 Other liabilities to
nonrelated parties 117 27 1,251 11
122 Net due to related
depository
institutions (5) 10,237 109 4,599 24
123 Net due to head
office and other
related depository
institutions (5) 10,237 n.a. 4,599 n.a.
124 Net due to estab-
lishing entity,
head office, and
other related
depository
institutions (5) n.a. 109 n.a. 24
MEMO
125 Holdings of own
acceptances included
in commercial and
industrial loans 1 n.a. 150 n.a.
126 Commercial and
industrial loans
with remaining
maturity of one
year or less
(excluding those in
nonaccrual status) 5,682 n.a. 12,042 n.a.
127 Predetermined
interest rates 3,216 n.a. 9,416 n.a.
128 Floating interest
rates 2,465 n.a. 2,627 n.a.
129 Commercial and
industrial loans
with remaining
maturity of more
than one year
(excluding those in
nonaccrual status) 4,553 n.a. 4,051 n.a.
130 Predetermined
interest rates 629 n.a. 605 n.a.
131 Floating interest
rates 3,924 n.a. 3,446 n.a.
132 Components of total
nontransaction
accounts, included
in total deposits
and credit balances 2,608 n.a. 15,635 n.a.
133 Time deposits of
$100,000 or more 2,599 n.a. 15,323 n.a.
134 Time CDs in denomina-
tions of $100,000
or more with
remaining maturity
of more than 12
months 9 n.a. 312 n.a.
135 Immediately available
funds with a maturity
greater than one day
included in other
borrowed money 2,772 n.a. 787 n.a.
136 Number of reports filed
(6) 63 0 23 0
(1.) Data are aggregates of categories reported on the quarterly form
FFIEC 002, "Report of Assets and Liabilities of U.S. Branches and
Agencies of Foreign Banks." The form was first used for reporting
data as of June 30, 1980, and was revised as of December 31, 1985.
From November 1972 through May 1980, U.S. branches and agencies of
foreign banks had filed a monthly FR 886a report. Aggregate data
from that report were available through the Federal Reserve monthly
statistical release G.11, last issued on July 10, 1980. Data in this
table and in the G.11 tables are not strictly comparable because of
differences in reporting panels and in definitions of balance sheet
items.
(2.) Includes the District of Columbia.
(3.) Effective December 1981, the Federal Reserve Board amended
Regulations D and Q to permit banking offices located in the United
States to operate international banking facilities (IBFs). Since
December 31, 1985, data for IBFs have been reported in a separate
column. These data are either included in or excluded from the total
columns as indicated in the headings. The notation "n.a." indicates
that no IBF data have been reported for that item, either because
the item is not an eligible IBF asset or liability or because that
level of detail is not reported for IBFs. From December 1981
through September 1985, IBF data were included in all applicable
items reported.
(4.) Total assets and total liabilities include net balances, if any,
due from or owed to related banking institutions in the United States
and in foreign countries (see note 5). On the former monthly branch
and agency report, available through the G.11 monthly statistical
release, gross balances were included in total assets and total
liabilities. Therefore, total asset and total liability figures in
this table are not comparable to those in the G.11 tables.
(5.) Related depository institutions includes the foreign head office
and other U.S. and foreign branches and agencies of a bank, a bank's
parent holding company, and majority-owned banking subsidiaries of the
bank and of its parent holding company (including subsidiaries owned
both directly and indirectly).
(6.) In some cases, two or more offices of a foreign bank within the
same metropolitan area file a consolidated report.
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