Financial and business statistics.
Financial and Business Statistics
A3 GUIDE TO TABLES
DOMESTIC FINANCIAL STATISTICS
Money Stock and Bank Credit
A4 Reserves and money stock measures
A5 Reserves of depository institutions and Reserve Bank
credit
A6 Reserves and borrowings--Depository
institutions
Policy Instruments
A7 Federal Reserve Bank interest rates
A8 Reserve requirements of depository institutions
A9 Federal Reserve open market transactions
Federal Reserve Banks
A10 Condition and Federal Reserve note statements
A11 Maturity distribution of loan and security
holding
Monetary and Credit Aggregates
A12 Aggregate reserves of depository institutions
and monetary base
A13 Money stock measures
Commercial Banking Institutions--
Assets and Liabilities
A15 All commercial banks in the United States
A16 Domestically chartered commercial banks
A17 Large domestically chartered commercial banks
A19 Small domestically chartered commercial banks
A20 Foreign-related institutions
Financial Markets
A22 Commercial paper outstanding
A22 Prime rate charged by banks on short-term
business loans
A23 Interest rates--Money and capital markets
A24 Stock market--Selected statistics
Federal Finance
A25 Federal debt subject to statutory limitation
A25 Gross public debt of U.S. Treasury--
Types and ownership
A26 U.S. government securities
dealers--Transactions
A27 U.S. government securities dealers--
Positions and financing
A28 Federal and federally sponsored credit
agencies--Debt outstanding
Securities Markets and Corporate Finance
A29 New security issues--Tax-exempt state and local
governments and corporations
A30 Open-end investment companies--Net sales
and assets
A30 Domestic finance companies--Assets and liabilities
A31 Domestic finance companies--Owned and managed
receivables
Real Estate
A32 Mortgage markets--New homes
A33 Mortgage debt outstanding
Consumer Credit
A34 Total outstanding
A34 Terms
Flow of Funds
A35 Funds raised in U.S. credit markets
A37 Summary of financial transactions
A38 Summary of credit market debt outstanding
A39 Summary of financial assets and liabilities
DOMESTIC NONFINANCIAL STATISTICS
Selected Measures
A40 Output, capacity, and capacity utilization
A42 Industrial production--Indexes and gross value
INTERNATIONAL STATISTICS
Summary Statistics
A44 U.S. international transactions
A45 U.S. reserve assets
A45 Foreign official assets held at Federal Reserve
Banks
A46 Selected U.S. liabilities to foreign official
institutions
Reported by Banks in the United States
A46 Liabilities to, and claims on, foreigners
A47 Liabilities to foreigners
A49 Banks' own claims on foreigners
A50 Banks' own and domestic customers' claims on
foreigners
A50 Banks' own claims on unaffiliated foreigners
A51 Claims on foreign countries--Combined
domestic offices and foreign branches
Reported by Nonbanking Business
Enterprises in the United States
A52 Liabilities to unaffiliated foreigners
A53 Claims on unaffiliated foreigners
Securities Holdings and Transactions
A54 Foreign transactions in securities
A55 Marketable U.S. Treasury bonds and
notes--Foreign transactions
Interest and Exchange Rates
A56 Foreign exchange rates
A57 GUIDE TO SPECIAL TABLES AND
STATISTICAL RELEASES
SPECIAL TABLES
A58 Assets and liabilities of commercial
banks, June 30, 2002
A60 Terms of lending at commercial banks,
August 2002
A66 Assets and liabilities of U.S. branches and
agencies of foreign banks, June 30, 2002
A70 INDEX TO STATISTICAL TABLES
Guide to Tables
SYMBOLS AND ABBREVIATIONS
c Corrected
e Estimated
n.a. Not available
n.e.c. Not elsewhere classified
p Preliminary
r Revised (Notation appears in column heading
when about half the figures in the column have
been revised from the most recently published
table.)
Amount insignificant in terms of the last decimal
place shown in the table (for example, less than
500,000 when the smallest unit given is in millions)
0 Calculated to be zero
*** Cell not applicable
ABS Asset-backed security
ATS Automatic transfer service
BIF Bank insurance fund
CD Certificate of deposit
CMO Collateralized mortgage obligation
CRA Community Reinvestment Act of 1977
FAMC Federal 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 fight
SIC Standard Industrial Classification
TIIS Treasury inflation-indexed securities
VA Department of Veterans Affairs
GENERAL INFORMATION
In many of the tables, components do not sum to totals because of
rounding.
Minus signs are used to indicate (1) a decrease, (2) a negative
figure, or (3) an outflow.
"U.S. government securities" may include guaranteed issues
of U.S. government agencies (the flow of funds figures also
include not fully guaranteed issues) as well as direct obligations of
the U.S. Treasury.
"State and local government" also includes municipalities,
special districts, and other political subdivisions.
1.10 RESERVES AND MONEY STOCK MEASURES
Percent annual rate of change, seasonally adjusted (1)
Monetary or credit 2001 2002
aggregate Q3 Q4 Q1 Q2
Reserves of
depositor),
institutions (2)
1 Total 76.3 -31.2 -9.7 -16.3
2 Required 14.8 22.1 -9.3 -15.4
3 Nonborrowed 65.0 -21.4 -9.4 -16.9
4 Monetary base (3) 14.8 6.4 9.1 8.1
Concepts of
money (4)
5 M1 16.0 2.1 5.8 (r) -.6
6 M2 11.0 9.5 (r) 5.8 3.4
7 M3 10.1 12.3 5.0 3.5 (r)
Nontransaction
components
8 In M2 (5) 9.6 11.5 5.8 4.5
9 In M3 only (6) 8.4 (r) 18.5 (r) 3.5 (r) 3.9 (r)
Time and savings
deposits
Commercial banks
10 Savings,
including MMDAs 19.7 23.2 20.4 13.3
11 Small time (7) -10.3 -12.1 -15.3 -4.9 (r)
12 Large times (8,9) -7.5 (r) -9.3 (r) 4.8 (r) 11.3 (r)
Thrift
institutions
13 Savings, including
MMDAs 25.2 27.3 (r) 25.6 22.1 (r)
14 Small time (7) -5.1 -11.07 -15.7 (r) -14.9 (r)
15 Large times 14.9 2.6 (r) -.8 -8.4 (r)
Money market
mutual
funds
16 Retail 5.0 7.9 -9.4 -10.1
17 Institution-only 27.8 (r) 49.5 (r) -.3 (r) 2.8 (r)
Repurchase
agreements and
eurodollars
18 Repurchase
agreements (10) -7.8 .7 9.6 -5.6
19 Eurodollars (10) -3.7 -4.8 12.0 9.6 (r)
Monetary or credit 2002
aggregate Apr. May June (r) July (r)
Reserves of
depositor),
institutions (2)
1 Total -7.4 -48.4 4.6 12.0
2 Required -1.4 -51.9 5.7 8.3
3 Nonborrowed -7.2 -49.8 3.7 10.6
4 Monetary base (3) 7.9 7.3 11.2 8.5
Concepts of
money (4)
5 M1 -11.2 6.6 7.2 8.0
6 M2 -3.6 14.1 7.4 12.8
7 M3 -1.8 (r) 12.2 (r) 6.3 8.3
Nontransaction
components
8 In M2 (5) -1.6 (r) 16.1 7.4 14.2
9 In M3 only (6) 2.2 (r) 8.2 (r) 4.2 -1.3
Time and savings
deposits
Commercial banks
10 Savings,
including MMDAs 7.1 (r) 25.6 13.5 17.0
11 Small time (7) -8.5 (r) 9.0 (r) -.6 -8.0
12 Large times (8,9) 20.7 (r) 19.5 (r) -3.1 7.4
Thrift
institutions
13 Savings, including
MMDAs 18.7 (r) 15.1 (r) 16.0 22.9
14 Small time (7) -10.4 -29.3 (r) -10.8 -3.9
15 Large times 7.4 (r) -29.3 (r) -16.1 1.1
Money market
mutual
funds
16 Retail -23.3 18.6 (r) .9 23.1
17 Institution-only -1.9 (r) 10.6 (r) 10.7 -4.8
Repurchase
agreements and
eurodollars
18 Repurchase
agreements (10) -19.1 .0 5.8 -3.5
19 Eurodollars (10) 1.1 -5.9 -1.1 -7.0
Monetary or credit 2002
aggregate Aug.
Reserves of
depositor),
institutions (2)
1 Total 12.0
2 Required 4.2
3 Nonborrowed 7.8
4 Monetary base (3) 4.1
Concepts of
money (4)
5 M1 -13.8
6 M2 9.4
7 M3 10.4
Nontransaction
components
8 In M2 (5) 15.7
9 In M3 only (6) 12.5
Time and savings
deposits
Commercial banks
10 Savings,
including MMDAs 32.6
11 Small time (7) -10.6
12 Large times (8,9) .9
Thrift
institutions
13 Savings, including
MMDAs 24.3
14 Small time (7) -3.5
15 Large times 16.3
Money market
mutual
funds
16 Retail -.7
17 Institution-only -1.5
Repurchase
agreements and
eurodollars
18 Repurchase
agreements (10) 80.2
19 Eurodollars (10) 8.7
(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 depository adjusted, break-adjusted total reserves
(line l), plus (2) the seasonally adjusted currency component of the
money stock, plus (3) (for all quarterly reporters on the "Report of
Transaction Accounts, Other Deposits and Vault Cash" and for all
weekly reporters whose vault cash exceeds their required reserves) the
seasonally adjusted, break-adjusted difference between current vault
cash and the amount applied to satisfy current reserve requirements.
4. Composition of the money stock measures is as follows:
M1: (1) currency outside the U.S. Treasury, Federal Reserve Banks, and
the vaults of depository institutions, (2) travelers checks of nonbank
issuers, (3) demand deposits at all commercial banks other than those
owed to depository institutions, the U.S. government, and foreign banks
and official institutions, less cash items in the process of collection
and Federal Reserve float, and (4) other checkable deposits (OCDs),
consisting of negotiable order of withdrawal (NOW) and automatic
transfer service (ATS) accounts at depository institutions, credit
union share draft accounts, and demand deposits at thrift institutions.
Seasonally adjusted M1 is computed by summing currency, travelers
checks, demand deposits, and OCDs, each seasonally adjusted separately.
M2: MI 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 (l) large-denomination time deposits (in amounts of $100,000
or more), (2) balances in institutional money funds, (3) RP liabilities
(overnight and term) issued by all depository institutions, and
(4) eurodollars (overnight and term) held by U.S. residents at foreign
branches of U.S. banks worldwide and at all banking offices in the
United Kingdom and Canada. Excludes amounts held by depository
institutions, the U.S. government, money market funds, and foreign
banks and official institutions. Seasonally adjusted M3 is calculated
by summing large time deposits, institutional money fund balances, RP
liabilities, and eurodollars, each seasonally adjusted separately, and
adding this result to seasonally adjusted M2.
(5.) Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances, each seasonally adjusted
separately.
(6.) Sum of (1) large time deposits, (2) institutional money fund
balances, (3) RP liabilities (overnight and term) issued by depository
institutions, and (4) eurodollars (overnight and term) of U.S.
addressees, each seasonally adjusted separately.
(7.) Small time deposits--including retail RPs--are those issued in
amounts of less than $100,000. All IRA and Keogh account balances at
commercial banks and thrift institutions are subtracted from small time
deposits.
(8.) Large time deposits are those issued in amounts of $100,000 or
more, excluding those booked at international banking facilities.
(9.) Large time deposits at commercial banks less those held by money
market funds, depository institutions, the U.S. government, and foreign
banks and official institutions.
(10.) Includes both overnight and term.
1.11 RESERVES OF DEPOSITORY INSTITUTIONS AND RESERVE BANK CREDIT (1)
Millions of dollars
Average
daily figures
Factor 2002
June July Aug.
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 653,265 657,336 656,967
U.S. government
securities2
2 Bought outright--
System account (3) 590,187 595,271 601,681
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 agreeements--
triparty (4) 25,285 22,363 16,532
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 5 19 191
9 Seasonal credit 135 176 187
10 Special Liquidity
Facility credit 0 0 0
11 Extended credit 0 0
12 Float -245 -171 -311
13 Other Federal Reserve
assets 37,888 39,668 38,676
14 Gold stock 11,044 11,044 11,044
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency
outstanding 33,931 33,996 (r) 34,034
ABSORBING RESERVE FUNDS
17 Currency in circulation 655,201 661,356 (r) 660,766
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 405 385 373
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 6,126 5,279 5,068
21 Foreign 101 91 95
22 Service-related balances
and adjustments 10,114 10,171 10,168
23 Other 238 229 210
24 Other Federal Reserve
liabilities and capital 19,921 19,645 19,428
25 Reserve balances with
Federal Reserve Banks (5) 8,333 7,419 8,135
End-of-month figures
June July Aug.
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 661,834 659,024 663,956
U.S. government
securities (2)
2 Bought outright--
System account (3) 590,683 600,455 602,825
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 agreeements--
triparty 32,000 19,500 23,000
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 17 4 150
9 Seasonal credit 166 182 179
10 Special Liquidity
Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float -238 -953 -92
13 Other Federal Reserve
assets 39,196 39,826 37,882
14 Gold stock 11,044 11,042 11,042
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency
outstanding 33,995 33,99 (r) 34,065
ABSORBING RESERVE FUNDS
17 Currency in circulation 657,900 661,144 (r) 663,934
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 395 377 361
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 8,116 6,242 4,874
21 Foreign 90 164 86
22 Service-related balances
and adjustments 10,135 10,220 10,184
23 Other 212 236 194
24 Other Federal Reserve
liabilities and capital 20,186 18,940 19,526
25 Reserve balances with
Federal Reserve Banks 12,038 8,940 12,104
Average of daily figures for week
ending on date indicated
Factor 2002
July 17 July 24 July 31
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 656,752 658,663 655,495
U.S. government
securities2
2 Bought outright--
System account (3) 592,513 597,616 600,142
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 agreeements--
triparty (4) 24,571 21,107 15,429
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 2 15 23
9 Seasonal credit 177 183 180
10 Special Liquidity
Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float -310 -407 -489
13 Other Federal Reserve
assets 39,789 40,138 40,200
14 Gold stock 11,044 11,044 11,044
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency
outstanding 33,996 (r) 33,996 (r) 33,995 (r)
ABSORBING RESERVE FUNDS
17 Currency in circulation 661,441 (r) 659,685 (r) 659,590 (r)
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 392 378 381
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 5,495 5,311 5,779
21 Foreign 98 77 94
22 Service-related balances
and adjustments 10,120 10,237 10,220
23 Other 244 218 216
24 Other Federal Reserve
liabilities and capital 19,910 19,765 19,201
25 Reserve balances with
Federal Reserve Banks (5) 6,292 10,230 7,253
Wednesday figures
July 17 July 24 July 31
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 653,900 667,744 659,024
U.S. government
securities (2)
2 Bought outright--
System account (3) 594,411 600,510 600,455
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 agreeements--
triparty 19,750 26,750 19,500
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 3 104 4
9 Seasonal credit 184 184 182
10 Special Liquidity
Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float -266 -151 -953
13 Other Federal Reserve
assets 39,808 40,337 39,826
14 Gold stock 11,044 11,044 11,042
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency
outstanding 33,996 (r) 33,996 (r) 33,995 (r)
ABSORBING RESERVE FUNDS
17 Currency in circulation 661,327 (r) 660,631 (r) 661,144 (r)
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 377 381 377
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 5,000 5,085 6,242
21 Foreign 156 78 164
22 Service-related balances
and adjustments 10,120 10,237 10,220
23 Other 230 227 236
24 Other Federal Reserve
liabilities and capital 19,578 19,226 18,940
25 Reserve balances with
Federal Reserve Banks 4,351 19,119 8,940
Average of daily figures for week
ending on date indicated
Factor 2002
Aug. 7 Aug. 14 Aug. 21 Aug. 28
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 657,568 653,460 658,633 655,623
U.S. government
securities2
2 Bought outright--
System account (3) 600,108 600,217 602,139 603,770
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 agreeements--
triparty (4) 17,393 13,321 19,500 13,464
7 Acceptances 0 0 0 0
Loans to depository
institutions
8 Adjustment credit 6 15 2 783
9 Seasonal credit 179 181 191 198
10 Special Liquidity
Facility credit 0 0 0 0
11 Extended credit 0 0 0 0
12 Float -202 -714 -308 -48
13 Other Federal Reserve
assets 40,074 40,429 37,099 37,447
14 Gold stock 11,042 11,042 11,042 11,042
15 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
16 Treasury currency
outstanding 34,009 34,023 34,037 34,051
ABSORBING RESERVE FUNDS
17 Currency in circulation 660,884 660,820 660,292 659,873
18 Reverse repurchase
agreements--triparty (4) 0 0 0 0
19 Treasury cash holdings 377 381 371 369
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 5,025 4,896 4,387 6,013
21 Foreign 99 76 129 78
22 Service-related balances
and adjustments 10,207 10,155 10,161 10,144
23 Other 229 201 211 203
24 Other Federal Reserve
liabilities and capital 19,207 19,472 19,701 19,294
25 Reserve balances with
Federal Reserve Banks (5) 8,793 4,725 10,661 6,943
Aug. 7 Aug. 14 Aug. 21 Aug. 28
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 667,151 656,604 665,411 657,472
U.S. government
securities (2)
2 Bought outright--
System account (3) 601,322 600,372 602,919 604,401
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 agreeements--
triparty 26,000 16,000 25,250 16,000
7 Acceptances 0 0 0 0
Loans to depository
institutions
8 Adjustment credit 4 93 2 0
9 Seasonal credit 176 192 202 189
10 Special Liquidity
Facility credit 0 0 0 0
11 Extended credit 0 0 0 0
12 Float -557 -1,001 -303 -906
13 Other Federal Reserve
assets 40,196 40,939 37,330 37,778
14 Gold stock 11,042 11,042 11,042 11,042
15 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
16 Treasury currency
outstanding 34,009 34,023 34,037 34,051
ABSORBING RESERVE FUNDS
17 Currency in circulation 662,291 661,759 660,842 662,406
18 Reverse repurchase
agreements--triparty (4) 0 0 0 0
19 Treasury cash holdings 382 371 370 361
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 5,316 5,191 4,629 5,091
21 Foreign 74 79 89 77
22 Service-related balances
and adjustments 10,207 10,155 10,161 10,144
23 Other 203 192 202 199
24 Other Federal Reserve
liabilities and capital 19,158 19,710 19,205 19,365
25 Reserve balances with
Federal Reserve Banks 16,771 6,413 17,193 7,123
(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. inflation-indexed securities.
1.12 RESERVES AND BORROWINGS Depository Institutions (1)
Millions of dollars
Prorated monthly averages of
biweekly averages
Reserve classification 1999 2000 2001 2002
Dec. Dec. Dec. Feb. Mar.
1 Reserve balances with
Reserve Banks (2) 5,262 7,022 9 054 9 273 9,146
2 Totalvaultcash (3) 60,620 45,245 43,935 45,694 42,631
3 Applied vault
cash (4) 36,392 31,451 32,024 33,218 31,151
Surplus vault
cash (5) 24,228 13,794 11,911 12,476 11,480
5 Total reserves (6) 41,654 38,473 41,077 42,491 40,297
6 Required reserves 40,357 37,046 39,433 41,124 38,883
7 Excess reserve
balances at Reserve
Banks (7) 1,297 1,427 1,645 367 1,414
8 Total borrowing at
Reserve Banks 320 210 67 30 79
9 Adjustment Seasonal
10 Seasonal 67 111 33 17 20
11 Special Liquidity
Facility (8) 74 0 *** *** ***
12 Extended credit (9) 0 0 0 0 0
Biweekly averages of daily figures for
two-week periods ending on dates indicated
2002
May 1 May 15 May 29 June 12 June 26
1 Reserve balances with
Reserve Banks (2) 10,243 8,524 10,011 7,878 7,979
2 Total vault cash (3) 42,077 41,828 41,954 40,682 42,130
3 Applied vault
cash (4) 31,999 30,366 31,858 29,441 31,444
Surplus vault
cash (5) 10,079 11,462 10,096 11,241 10,686
5 Total reserves (6) 42,242 38,890 41,869 37,319 39,423
6 Required reserves 41,046 37,699 40,491 36,174 38,177
7 Excess reserve
balances at Reserve
Banks (7) 1,195 1,191 1,378 1,145 1,246
8 Total borrowing at
Reserve Banks 71 100 127 116 151
9 Adjustment 10 6 10 3 4
10 Seasonal 62 95 117 113 147
11 Special Liquidity
Facility (8) *** *** *** *** ***
12 Extended credit (9) 0 0 0 0 0
Prorated monthly averages of
biweekly averages
Reserve classification 2002
Apr. May June
1 Reserve balances with
Reserve Banks (2) 9,740 9,209 7,929
2 Totalvaultcash (3) 42,013 41,819 41,662
3 Applied vault
cash (4) 31,156 31,033 30,642
Surplus vault
cash (5) 10,857 10,786 11,021
5 Total reserves (6) 40,896 40,242 38,571
6 Required reserves 39,688 38,969 37,329
7 Excess reserve
balances at Reserve
Banks (7) 1,208 1,273 1,242
8 Total borrowing at
Reserve Banks 71 112 142
9 Adjustment Seasonal
10 Seasonal 50 105 136
11 Special Liquidity
Facility (8) *** *** ***
12 Extended credit (9) 0 0 0
Biweekly averages of daily figures for
two-week periods ending on dates indicated
2002
July 10 July 24 Aug. 7
1 Reserve balances with
Reserve Banks (2) 7,909 8,266 8,024
2 Total vault cash (3) 42,968 42,170 43,479
3 Applied vault
cash (4) 31,438 30,738 32,213 (r)
Surplus vault
cash (5) 11,531 11,433 11,266 (r)
5 Total reserves (6) 39,347 39,004 40,236 (r)
6 Required reserves 37,828 37,709 38,916 (r)
7 Excess reserve
balances at Reserve
Banks (7) 1,518 1,294 1,320 (r)
8 Total borrowing at
Reserve Banks 194 189 194
9 Adjustment 27 9 14
10 Seasonal 168 180 180
11 Special Liquidity
Facility (8) *** *** ***
12 Extended credit (9) 0 0 0
Prorated monthly averages of
biweekly averages
Reserve classification 2002
July Aug.
1 Reserve balances with
Reserve Banks (2) 8,096 8,516
2 Totalvaultcash (3) 42,723 42,886
3 Applied vault
cash (4) 31,296 (r) 31,340
Surplus vault
cash (5) 11,427 (r) 11,546
5 Total reserves (6) 39,392 (r) 39,856
6 Required reserves 38,020 (r) 38,221
7 Excess reserve
balances at Reserve
Banks (7) 1,373 (r) 1,635
8 Total borrowing at
Reserve Banks 191 333
9 Adjustment Seasonal
10 Seasonal 176 185
11 Special Liquidity
Facility (8) *** ***
12 Extended credit (9) 0 0
Biweekly averages of daily figures for
two-week periods ending on dates indicated
2002
Aug. 21 Sept.
1 Reserve balances with
Reserve Banks (2) 7,695 10,010
2 Total vault cash (3) 43,488 41,628
3 Applied vault
cash (4) 31,353 30,712
Surplus vault
cash (5) 12,135 10,916
5 Total reserves (6) 39,048 40,721
6 Required reserves 37,713 38,447
7 Excess reserve
balances at Reserve
Banks (7) 1,335 2,274
8 Total borrowing at
Reserve Banks 195 626
9 Adjustment 9 438
10 Seasonal 186 188
11 Special Liquidity
Facility (8) *** ***
12 Extended credit (9) 0 0
(1.) Data in this table also appear in the Board's H.3 (502) weekly
statistical release. For ordering address, see inside front cover. Data
are not break-adjusted or seasonally adjusted.
(2.) Excludes required clearing balances and adjustments to compensate
for float and includes other off-balance-sheet "as-of" adjustments.
(3.) Vault cash eligible to satisfy reserve requirements. It includes
only vault cash held by those banks and thrift institutions that are
not exempt from reserve requirements. Dates refer to the maintenance
periods in which the vault cash can be used to satisfy reserve
requirements.
(4.) All vault cash held during the lagged computation period by
"bound" institutions (that is, those whose required reserves exceed
their vault cash) plus the amount of vault cash applied during the
maintenance period by "nonbound" institutions (that is, those whose
vault cash exceeds their required reserves) to satisfy current reserve
requirements.
(5.) Total vault cash (line 2) less applied vault cash (line 3).
(6.) Reserve balances with Federal Reserve Banks (line 1 ) plus applied
vault cash (line 3).
(7.) Total reserves (line 5)less required reserves (line 6).
(8.) Borrowing at the discount window under the terms and conditions
established for the Century Date Change Special Liquidity Facility in
effect from October 1, 1999, through April 7, 2000.
(9.) Consists of borrowing at the discount window under the terms and
conditions established for the extended credit program to help
depository institutions deal with sustained liquidity pressures.
Because there is not the same need to repay such borrowing promptly as
with traditional short-term adjustment credit, the money market effect
of extended credit is similar to that of nonborrowed reserves.
1.14 FEDERAL RESERVE BANK INTEREST RATES
Percent per year
Current and previous levels
Adjustment credit (1)
Federal Reserve
Bank On
10/18/02 Effective date Previous rate
Boston 1.25 12/11/01 1.50
New York 12/11/01
Philadelphia 12/11/01
Cleveland 12/13/01
Richmond 12/13/01
Atlanta 12/13/01
Chicago 12/11/01
St. Louis 12/12/01
Minneapolis 12/13/01
Kansas City 12/13/01
Dallas 12/13/01
San Francisco 1.25 12/11/01 1.50
Current and previous levels
Seasonal credit (2)
Federal Reserve
Bank On
10/18/02 Effective date Previous rate
Boston 1.75 09/05/02 1.70
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco 1.75 09/05/02 1.70
Current and previous levels
Extended credit (3)
Federal Reserve
Bank On
10/18/02 Effective date Previous rate
Boston 2.25 09/05/02 2.20
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco 2.25 09/05/02 2.20
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 3.504.00 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 Oct. 18, 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 of 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; and
Statistical Digest, 1996-2000. See also the Board's Statistics:
Releases and Historical Data web pages
(http://www.federalreserve.gov/releases/H15/data.htm).
1.15 RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS (1)
Requirement
Type of deposit Percentage of Effective date
deposits
Net transaction accounts (2)
1 $0 million-S42.1 million (3) 3 12/26/02
2 More than $42.1 million (4) 10 12/26/02
3 Nonpersonal time deposits (5) 0 12/27/90
4 Eurocurrency liabilities (6) 0 12/27/90
(1.) Required reserves must be held in the form of deposits with Federal
Reserve Banks or vault cash. Nonmember institutions may maintain
reserve balances with a Federal Reserve Bank indirectly, on a
pass-through basis, with certain approved institutions. For previous
reserve requirements, see earlier editions of the Annual Report or the
Federal Reserve Bulletin. Under the Monetary Control Act of 1980,
depository institutions include commercial banks, savings banks,
savings and loan associations, credit unions, agencies and branches of
foreign banks, and Edge Act corporations.
(2.) Transaction accounts include all deposits against which the
account holder is permitted to make withdrawals by negotiable or
transferable instruments, payment orders of withdrawal, or telephone or
preauthorized transfers for the purpose of making payments to third
persons or others. However, accounts subject to the rules that permit
no more than six preauthorized, automatic, or other transfers per month
(of which no more than three may be by check, draft, debit card, or
similar order payable directly to third parties) are savings deposits,
not transaction accounts.
(3.) The Monetary Control Act of 1980 requires that the amount of
transaction accounts against which the 3 percent reserve requirement
applies be modified annually by 80 percent of the percentage change in
transaction accounts held by all depository institutions, determined as
of June 30 of each year. Effective with the reserve maintenance period
beginning December 26, 2002, for depository institutions that report
weekly, and with the period beginning January 16, 2003, for
institutions that report quarterly, the amount was increased from $41.3
million to $42.1 million. Under the Garn-St Germain Depository
Institutions Act of 1982, the Board adjusts the amount of reservable
liabilities subject to a zero percent reserve requirement each year for
the succeeding calendar year by 80 percent of the percentage increase
in the total reservable liabilities of all depository institutions,
measured on an annual basis as of June 30. No corresponding adjustment
is made in the event of a decrease. The exemption applies only to
accounts that would be subject to a 3 percent reserve requirement.
Effective with the reserve maintenance period beginning December 26,
2002, for depository institutions that report weekly, and with the
period beginning January 16, 2003, for institutions that report
quarterly, the exemption was raised from $5.7 million to $6.0 million.
(4.) The reserve requirement was reduced from 12 percent to 10 percent
on April 2, 1992, for institutions that report weekly, and on
April 16, 1992, for institutions that report quarterly.
(5.) For institutions that report weekly, the reserve requirement on
nonpersonal time deposits with an original maturity of less than 1.5
years was reduced from 3 percent to 1.5 percent for the maintenance
period that began December 13, 1990, and to zero for the maintenance
period that began December 27, 1990. For institutions that report
quarterly, the reserve requirement on nonpersonal time deposits with an
original maturity of less than 1.5 years was reduced from 3 percent to
zero on January 17, 1991.
The reserve requirement on nonpersonal time deposits with an original
maturity of 1.5 years or more has been zero since October 6, 1983.
(6.) The reserve requirement on eurocurrency liabilities was reduced
from 3 percent to zero in the same manner and on the same dates as the
reserve requirement on nonpersonal time deposits with an original
maturity of less than 1.5 years (see note 5).
1.17 FEDERAL RESERVE OPEN MARKET TRANSACTIONS (1)
Millions of dollars
Type of transaction 1999 2000 2001
and maturity Jan.
U.S. TREASURY
SECURITIES (2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 0 8,676 15,503 2,772
2 Gross sales 0 0 0 0
3 Exchanges 464,218 477,904 542,736 55,521
4 For new bills 464,218 477,904 542,736 55,521
5 Redemptions 0 24,522 10,095 0
Others within one year
6 Gross purchases 11,895 8,809 15,663 0
7 Gross sales 0 0 0 0
8 Maturity shifts 50,590 62,025 70,336 5,850
9 Exchanges -53,315 -54,656 -72,004 -5,766
10 Redemptions 1,429 3,779 16,802 0
One to five years
11 Gross purchases 19,731 14,482 22,814 2,872
12 Gross sales 0 0 0 0
13 Maturity shifts -44,032 -52,068 -45,211 -5,850
14 Exchanges 42,604 46,177 64,519 5,766
Five to ten years
15 Gross purchases 4,303 5,871 6,003 0
16 Gross sales 0 0 0 0
17 Maturity shifts -5,841 -6,801 -21,063 0
18 Exchanges 7,578 6,585 6,063 0
More than ten years
19 Gross purchases 9,428 5,833 8,531 582
20 Gross sales 0 0 0 0
21 Maturity shifts -717 -3,155 -4,062 0
22 Exchanges 3,133 1,894 1,423 0
All maturities
23 Gross purchases 45,357 43,670 68,513 6,226
24 Gross sales 0 0 0 0
25 Redemptions 1,429 28,301 26,897 0
Matched transactions
26 Gross purchases 4,413,430 4,415,905 4,722,667 407,791
27 Gross sales 4,431,685 4,397,835 4,724,743 404,296
Repurchase agreements
28 Gross purchases 281,599 0 0 0
29 Gross sales 301,273 0 0 0
30 Net change in U.S.
Treasury securities 5,999 33,439 39,540 9,720
FEDERAL AGENCY
OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0 0
32 Gross sales 0 0 0 0
33 Redemptions 157 51 120 0
Repurchase agreements
34 Gross purchases 360,069 0 0 0
35 Gross sales 370,772 0 0 0
36 Net change in federal
agency obligations -10,859 -51 -120 0
Reverse repurchase
agreements
37 Gross purchases 0 0 0 0
38 Gross sales 0 0 0 0
Repurchase agreements
39 Gross purchases 304,989 890,236 1,497,713 118,550
40 Gross sales 164,349 987,501 1,490,838 131,300
41 Net change in
triparty
obligations 140,640 -97,265 6,875 -12,750
42 Total net change in
System Open Market
Account 135,780 -63,877 46,295 -3,030
Type of transaction 2002
and maturity Feb. Mar. Apr. May
U.S. TREASURY
SECURITIES (2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 1,042 3,013 1,047 3,524
2 Gross sales 0 0 0 0
3 Exchanges 54,619 48,483 45,376 70,978
4 For new bills 54,619 48,483 45,376 70,978
5 Redemptions 0 0 0 0
Others within one year
6 Gross purchases 2,894 1,455 2,709 2,826
7 Gross sales 0 0 0 0
8 Maturity shifts 7,537 0 14,515 6,714
9 Exchanges -8,432 0 -15,522 -9,031
10 Redemptions 0 0 0 0
One to five years
11 Gross purchases 1,101 2,181 1,142 1,439
12 Gross sales 0 0 0 0
13 Maturity shifts -6,283 0 -14,515 -1,620
14 Exchanges 7,679 0 15,522 8,639
Five to ten years
15 Gross purchases 334 637 1,670 259
16 Gross sales 0 0 0 0
17 Maturity shifts -501 0 0 -5,094
18 Exchanges 753 0 0 391
More than ten years
19 Gross purchases 1,054 291 210 0
20 Gross sales 0 0 0 0
21 Maturity shifts -753 0 0 0
22 Exchanges 0 0 0 0
All maturities
23 Gross purchases 6,425 7,577 6,777 8,048
24 Gross sales 0 0 0 0
25 Redemptions 0 0 0 0
Matched transactions
26 Gross purchases 367,906 393,273 436,936 466,807
27 Gross sales 368,060 393,151 437,881 469,046
Repurchase agreements
28 Gross purchases 0 0 0 0
29 Gross sales 0 0 0 0
30 Net change in U.S.
Treasury securities 6,271 7,699 5,833 5,810
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 101,749 70,850 102,200 106,426
40 Gross sales 104,750 75,849 100,200 109,926
41 Net change in
triparty
obligations -3,001 -4,999 2,000 -3,500
42 Total net change in
System Open Market
Account 3,270 2,700 7,833 2,310
Type of transaction 2002
and maturity June July
U.S. TREASURY
SECURITIES (2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 3,656 4,838
2 Gross sales 0 0
3 Exchanges 53,015 45,828
4 For new bills 53,015 45,828
5 Redemptions 0 0
Others within one year
6 Gross purchases 0 1,104
7 Gross sales 0 0
8 Maturity shifts 0 11,052
9 Exchanges 0 -14,183
10 Redemptions 0 0
One to five years
11 Gross purchases 0 1,755
12 Gross sales 0 0
13 Maturity shifts 0 -11,052
14 Exchanges 0 13,283
Five to ten years
15 Gross purchases 542 577
16 Gross sales 0 0
17 Maturity shifts 0 0
18 Exchanges 0 900
More than ten years
19 Gross purchases 0 63
20 Gross sales 0 0
21 Maturity shifts 0 0
22 Exchanges 0 0
All maturities
23 Gross purchases 4,198 8,336
24 Gross sales 0 0
25 Redemptions 0 0
Matched transactions
26 Gross purchases 447,555 513,400
27 Gross sales 448,330 511,902
Repurchase agreements
28 Gross purchases 0 0
29 Gross sales 0 0
30 Net change in U.S.
Treasury securities 3,423 9,834
FEDERAL AGENCY
OBLIGATIONS
Outright transactions
31 Gross purchases 0 0
32 Gross sales 0 0
33 Redemptions 0 0
Repurchase agreements
34 Gross purchases 0 0
35 Gross sales 0 0
36 Net change in federal
agency obligations 0 0
Reverse repurchase
agreements
37 Gross purchases 0 0
38 Gross sales 0 0
Repurchase agreements
39 Gross purchases 98,850 68,750
40 Gross sales 94,850 81,250
41 Net change in
triparty
obligations 4,000 -12,500
42 Total net change in
System Open Market
Account 7,423 -2,666
(1.) Sales, redemptions, and negative figures reduce holdings of the
System Open Market Account; all other figures increase such holdings.
(2.) Transactions exclude changes in compensation for the effects of
inflation on the principal of inflation-indexed securities.
Transactions include the rollover of inflation compensation into new
securities.
1.18 FEDERAL RESERVE BANKS Condition and Federal Reserve Note
Statements (1)
Millions of dollars
Wednesday
Account 2002
July 31 Aug. 7 Aug. 14 Aug. 21
Consolidated condition statement
ASSETS
1 Gold certificate
account 11,038 11,038 11,038 11,038
2 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
3 Coin 947 972 1,000 1,017
Loans
4 To depository
institutions 186 180 285 204
5 Other 0 0 0 0
6 Acceptances held under
repurchase agreements 0 0 0 0
Triparty obligations
7 Repurchase agreements--
triparty (2) 19,500 26,000 16,000 25,250
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) 600,455 601,322 600,372 602,919
11 Bought outright (4) 600,455 601,322 600,372 602,919
12 Bills 202,969 202,914 201,962 203,139
13 Notes 291,777 292,698 292,699 293,914
14 Bonds 105,709 105,710 105,710 105,866
15 Held under repurchase
agreements 0 0 0 0
16 Total loans and
securities 620,151 627,512 616,666 628,383
17 Items in process of
collection 6,498 7,561 6,619 6,991
18 Bank premises 1,519 1,519 1,521 1,522
Other assets
19 Denominated in foreign
currencies (5) 16,140 16,057 16,430 16,238
20 All other (6) 22,053 22,514 22,908 19,499
21 Total assets 680,546 689,374 678,382 686,888
LIABILITIES
22 Federal Reserve notes 628,468 629,631 629,102 628,187
23 Reverse repurchase
agreements--
triparty (2) 0 0 0 0
24 Total deposits 25,825 32,696 22,420 32,193
25 Depository institutions 19,183 27,103 16,958 27,273
26 U.S. Treasury--General
account 6,242 5,316 5,191 4,629
27 Foreign---Official
accounts 164 74 79 89
28 Other 236 203 192 202
29 Deferred credit items 7,313 7,889 7,149 7,302
30 Other liabilities and
accrued dividends (7) 2,363 2,377 2,400 2,388
31 Total liabilities 663,969 672,593 661,072 670,071
CAPITAL ACCOUNTS
32 Capital paid in 8,266 8,284 8,287 8,303
33 Surplus 7,312 7,312 7,312 7,312
34 Other capital accounts 999 1,186 1,713 1,203
35 Total liabilities and
capital accounts 680,546 689,374 678,382 686,888
MEMO
36 Marketable U.S.
government and federal
agency securities held
in custody for foreign
official and
international accounts 798,001 794,017 795,994 805,388
Federal Reserve note statement
37 Federal Reserve notes
outstanding (issued to
Banks) 748,243 747,925 747,418 746,997
38 LESS: Held by Federal
Reserve Banks 119,775 118,294 118,316 118,810
39 Federal Reserve notes,
net 628,468 629,631 629,102 628,187
Collateral held against
notes, net
40 Gold certificate account 11,038 11,038 11,038 11,038
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 615,230 616,393 615,864 614,949
44 Total collateral 628,468 629,631 629,102 628,187
Wednesday End of month
Account 2002 2002
Aug. 28 June July Aug.
Consolidated condition statement
ASSETS
1 Gold certificate
account 11,038 11,044 11,038 11,038
2 Special drawing rights
certificate account 2,200 2,200 2,200 2,200
3 Coin 1,021 948 947 1,031
Loans
4 To depository
institutions 189 184 186 330
5 Other 0 0 0 0
6 Acceptances held under
repurchase agreements 0 0 0 0
Triparty obligations
7 Repurchase agreements--
triparty (2) 6,000 32,000 19,500 23,000
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) 604,401 590,683 600,455 602,825
11 Bought outright (4) 604,401 590,683 600,455 602,825
12 Bills 203,772 196,633 202,969 202,196
13 Notes 294,640 288,610 291,777 294,640
14 Bonds 105,989 105,440 105,709 105,989
15 Held under repurchase
agreements 0 0 0 0
16 Total loans and
securities 620,600 622,877 620,151 626,165
17 Items in process of
collection 6,626 5,299 6,498 5,419
18 Bank premises 1,522 1,516 1,519 1,520
Other assets
19 Denominated in foreign
currencies (5) 6,279 16,161 16,140 16,240
20 All other (6) 9,977 21,512 22,053 20,127
21 Total assets 679,263 681,555 680,546 683,739
LIABILITIES
22 Federal Reserve notes 619,732 625,248 628,468 631,256
23 Reverse repurchase
agreements--
triparty (2) 0 0 0 0
24 Total deposits 23,216 30,743 25,825 27,570
25 Depository institutions 7,849 22,324 19,183 22,415
26 U.S. Treasury--General
account 5,091 8,116 6,242 4,874
27 Foreign---Official
accounts 77 90 164 86
28 Other 199 212 236 194
29 Deferred credit items 6,950 5,378 7,313 5,388
30 Other liabilities and
accrued dividends (7) 2,392 2,354 2,363 2,412
31 Total liabilities 662,290 663,723 663,969 666,625
CAPITAL ACCOUNTS
32 Capital paid in 8,248 8,330 8,266 8,248
33 Surplus 7,312 7,312 7,312 7,312
34 Other capital accounts 1,413 2,191 999 1,554
35 Total liabilities and
capital accounts 679,263 681,555 680,546 683,739
MEMO
36 Marketable U.S.
government and federal
agency securities held
in custody for foreign
official and
international accounts 801,734 787,758 798,001 803,479
Federal Reserve note statement
37 Federal Reserve notes
outstanding (issued to
Banks) 747,489 752,137 748,243 747,686
38 LESS: Held by Federal
Reserve Banks 117,757 126,890 119,775 116,430
39 Federal Reserve notes,
net 629,732 625,248 628,468 631,256
Collateral held against
notes, net
40 Gold certificate account 11,038 11,044 11,038 11,038
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 616,494 612,004 615,230 618,018
44 Total collateral 629,732 625,248 628,468 631,256
(1.) Some of the data in this table also appear in the Board's H.4.1
(503) weekly statistical release. For ordering address, see inside
front cover.
(2.) Cash value of agreements arranged through third-party custodial
banks.
3. Face value of the securities.
4. Includes securities loaned--fully guaranteed by U.S. Treasury
securities pledged with Federal Reserve Banks--and includes
compensation that adjusts for the effects of inflation on the principal
of inflation-indexed securities. Excludes securities sold and scheduled
to be bought back under matched sale-purchase transactions.
5. Valued monthly at market exchange rates.
6. Includes special investment account at the Federal Reserve Bank of
Chicago in Treasury bills maturing within ninety days.
7. Includes exchange-translation account reflecting the monthly
revaluation at market exchange rates of foreign exchange commitments.
1.19 FEDERAL RESERVE BANKS Maturity Distribution of Loan and Security
Holding
Millions of dollars
Wednesday
Type of holding and maturity 2002
July 31 Aug. 7 Aug. 14 Aug. 21
1 Total loans 186 180 285 204
2 Within fifteen days 151 66 144 183
3 Sixteen days to ninety
days 35 114 141 21
4 91 days to 1 year 0 0 0 0
5 Total U.S. Treasury 600,455 601,322 600,372 602,919
securities (2)
6 Within fifteen days (1) 21,605 21,340 23,099 24,726
7 Sixteen days to ninety 124,250 129,340 127,239 122,596
days
8 Ninety-one days to one 147,388 142,953 142,343 150,483
year
9 One year to five years 171,575 172,050 172,050 172,143
10 Five years to ten
years 54,005 54,006 54,007 51,258
11 More than ten years 81,632 81,632 81,633 81,714
12 Total federal agency
obligations 10 10 10 10
13 Within fifteen days (1) 0 0 0 0
14 Sixteen days to ninety 0 0 0 0
days
15 Ninety-one days to one 0 0 0 0
year
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
End of month
Type of holding and maturity 2002
Aug. 28 June July Aug.
1 Total loans 189 184 186 330
2 Within fifteen days 178 144 151 293
3 Sixteen days to ninety
days 11 39 35 37
4 91 days to 1 year 0 0 0 0
5 Total U.S. Treasury 604,401 590,683 600,455 602,825
securities (2)
6 Within fifteen days (1) 25,257 8,675 21,605 12,470
7 Sixteen days to ninety 123,556 144,837 124,250 123,482
days
8 Ninety-one days to one 149,625 135,633 147,388 160,910
year
9 One year to five years 172,868 167,488 171,575 172,868
10 Five years to ten
years 51,380 52,486 54,005 51,381
11 More than ten years 81,715 81,560 81,632 81,715
12 Total federal agency
obligations 10 10 10 10
13 Within fifteen days (1) 0 0 0 0
14 Sixteen days to ninety 0 0 0 0
days
15 Ninety-one days to one 0 0 0 0
year
16 One year to five years 10 10 10 10
17 Five years to ten years 0 0 0 0
18 More than ten years 0 0 0 0
(1.) Holdings under repurchase agreements are classified as
maturing within fifteen days in accordance with maximum
maturity of the agreements.
(2.) Includes compensation that adjusts for the effects of
inflation on the principal of inflation-indexed securities.
1.20 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASEl
Billions of dollars, averages of daily figures
1998 1999 2001 2001
Item Dec. Dec. Dec. Dec
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (2)
1 Total reserves (3) 45.14 41.82 38.54 41.22
2 Nonborrowed reserves (4) 45.02 41.50 38.33 41.15
3 Nonborrowed reserves
plus extended credit (5) 45.02 41.50 38.33 41.15
4 Required reserves 43.62 40.53 37.11 39.58
5 Monetary base (6) 513.55 593.12 584.04 634.41
6 Total reserves (7) 45.31 41.89 38.53 41.20
7 Nonborrowedreserves 45.19 41.57 38.32 41.13
8 Nonborrowed reserves
plus extended credit (5) 45.19 41.57 38.32 41.13
9 Required reserves (8) 43.80 40.59 37.10 39.55
10 Monetary base (9) 518.27 600.72 590.06 639.91
NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (10)
11 Total reserves (11) 45.21 41.65 38.47 41.08
12 Nonborrowedreserves 45.09 41.33 38.26 41.01
13 Nonborrowed reserves
plus extended credit (5) 45.09 41.33 38.26 41.01
14 Required reserves 43.70 40.36 37.05 39.43
15 Monetary base (12) 525.06 608.02 596.98 648.74
16 Excess reserves (13) 1.51 1.30 1.43 1.65
17 Borrowings from the
Federal Reserve .12 .32 .21 .07
2002
Item Jan. Feb. Mar. Apr.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (2)
1 Total reserves (3) 41.75 41.45 41.01 40.76
2 Nonborrowed reserves (4) 41.70 41.42 40.94 40.69
3 Nonborrowed reserves
plus extended credit (5) 41.70 41.42 40.94 40.69
4 Required reserves 40.36 40.08 39.60 39.55
5 Monetary base (6) 640.86 646.18 649.65 653.95
Not seasonally adjusted
6 Total reserves (7) 43.71 42.47 40.27 40.85
7 Nonborrowedreserves 43.66 42.44 40.19 40.78
8 Nonborrowed reserves
plus extended credit (5) 43.66 42.44 40.19 40.78
9 Required reserves (8) 42.33 41.11 38.85 39.64
10 Monetary base (9) 644.27 645.71 649.23 653.29
NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (10)
11 Total reserves (11) 43.73 42.49 40.30 40.90
12 Nonborrowedreserves 43.68 42.46 40.22 40.83
13 Nonborrowed reserves
plus extended credit (5) 43.68 42.46 40.22 40.83
14 Required reserves 42.34 41.12 38.88 39.69
15 Monetary base (12) 653.28 654.93 658.78 663.37
16 Excess reserves (13) 1.39 1.37 1.41 1.21
17 Borrowings from the
Federal Reserve .05 .03 .08 .07
Item May June July Aug.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (2)
1 Total reserves (3) 39.12 39.27 39.66 40.06
2 Nonborrowed reserves (4) 39.00 39.12 39.47 39.72
3 Nonborrowed reserves 39.00 39.12 39.47 39.72
plus extended credit (5)
4 Required reserves 37.84 38.02 38.29 38.42
5 Monetary base (6) 657.91 (r) 664.07 668.75 (r) 671.06
Not seasonally adjusted
6 Total reserves (7) 40.18 38.49 39.30 (r) 39.74
7 Nonborrowedreserves 40.06 38.35 39.11 (r) 39.41
8 Nonborrowed reserves 40.06 38.35 39.11 (r) 39.41
plus extended credit (5)
9 Required reserves (8) 38.90 37.25 37.93 (r) 38.11
10 Monetary base (9) 658.00 662.84 668.76 (r) 669.23
NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (10)
11 Total reserves (11) 40.24 38.57 39.39 39.86
12 Nonborrowedreserves 40.13 38.43 39.20 39.52
13 Nonborrowed reserves 40.13 38.43 39.20 39.52
plus extended credit (5)
14 Required reserves 38.97 37.33 38.02 38.22
15 Monetary base (12) 668.14 72.98 678.98 (r) 679.46
16 Excess reserves (13) 1.27 1.24 1.37 1.64
17 Borrowings from the
Federal Reserve .11 .14 .19 .33
(1.) Latest monthly and biweekly figures are available from the
Board's H.3 (502) weekly statistical release. Historical data
starting in 1959 and estimates of the effect on required reserves
of changes in reserve requirements are available from the Money
and Reserves Projections Section, Division of Monetary Affairs,
Board of Governors of the Federal Reserve System, Washington, DC 20551.
(2.) Figures reflect adjustments for discontinuities, or "breaks,"
associated with regulatory changes in reserve requirements. (See also
table 1.10.)
(3.) Seasonally adjusted, break-adjusted total reserves equal
seasonally adjusted, break-adjusted required reserves (line 4) plus
excess reserves (line 16).
(4.) Seasonally adjusted, break-adjusted nonborrowed reserves equal
seasonally adjusted, break-adjusted total reserves (line 1 ) less
total borrowings of depository institutions from the Federal Reserve
(line 17).
(5.) Extended credit consists of borrowing at the discount window under
the terms and conditions established for the extended credit program to
help depository institutions deal with sustained liquidity pressures.
Because there is not the same need to repay such borrowing promptly as
with traditional short-term adjustment credit, the money market effect
of extended credit is similar to that of nonborrowed reserves.
(6.) The seasonally adjusted, break-adjusted monetary base consists of
(1) seasonally adjusted, break-adjusted total reserves (line 1),
plus (2) the seasonally adjusted currency component of the money
stock, plus (3) (for all quarterly reporters on the "Report of
Transaction Accounts, Other Deposits and Vault Cash" and for all
those weekly reporters whose vault cash exceeds their required
reserves) the seasonally adjusted, break-adjusted difference between
current vault cash and the amount applied to satisfy current reserve
requirements.
(7.) Break-adjusted total reserves equal break-adjusted required
reserves (line 9) plus excess reserves (line 16).
(8.) To adjust required reserves for discontinuities that are due to
regulatory changes in reserve requirements, a multiplicative procedure
is used to estimate what required reserves would have been in past
periods had current reserve requirements been in effect. Break-adjusted
required reserves include required reserves against transactions
deposits and nonpersonal time and savings deposits (but not reservable
nondeposit liabilities).
(9.) The break-adjusted monetary base equals (1) break-adjusted total
reserves (line 6), plus (2) the (unadjusted) currency component of
the money stock, plus (3) (for all quarterly reporters on the "Report
of Transaction Accounts, Other Deposits and Vault Cash" and for all
those weekly reporters whose vault cash exceeds their required
reserves) the break-adjusted difference between current vault cash
and the amount applied to satisfy current reserve requirements.
(10.) Reflects actual reserve requirements, including those on
nondeposit liabilities, with no adjustments to eliminate the effects
of discontinuities associated with regulatory changes in reserve
requirements.
(11.) Reserve balances with Federal Reserve Banks plus vault cash
used to satisfy reserve requirements.
(12.) The monetary base, not break-adjusted and not seasonally
adjusted, consists of (1) total reserves (line 11), plus (2) required
clearing balances and adjustments to compensate for float at Federal
Reserve Banks, plus (3) the currency component of the money stock,
plus (4) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly
reporters whose vault cash exceeds their required reserves) the
difference between current vault cash and the amount applied to
satisfy current reserve requirements. Since February 1984, currency
and vault cash figures have been measured over the computation periods
ending on Mondays.
(13.) Unadjusted total reserves (line 11) less unadjusted required
reserves (line 14).
1.21 MONEY STOCK MEASURES (1)
Billions of dollars, averages of daily figures
1998 1999 2000
Item Dec. Des. Dec.
Seasonally adjusted
Measures (2)
1 M1 1,096.5 1,124.4 1,088.9
2 M2 4,383.9 (r) 4,654.2 (r) 4,938.5 (r)
3 M3 6,041.3 (r) 6,544.5 (r) 7,115.1 (r)
M1 components
4 Currency (3) 459.3 516.9 530.1
5 Travelers checks (4) 8.2 8.3 8.0
6 Demand deposits (5) 378.4 354.5 309.9
7 Other checkable deposits
(6) 250.5 244.7 240.9
Nontransaction components
8 In M2 (7) 3,287.4 (r) 3,529.8 (r) 3,849.7 (r)
9 In M3 only (8) 1,657.4 (r) 1,890.3 (r) 2,176.5 (r)
Commercial banks
10 Savings deposits, including
MMDAs 1,187.5I 1,289.1 1,423.7
11 Small time deposits (9) 626.1 635.0 699.1
12 Large time depositst
(10,11) 582.8 (r) 651.3 (r) 717.2
Thrift institutions
13 Savings deposits, including
MMDAs 414.7 449.7 452.1
14 Small time deposits (9) 325.6 320.4 344.5
15 Large time deposits (10) 88.6 91.11 102.9
Money market mutual funds
16 Retail 733.6 (r) 835.7 (r) 930.2 (r)
17 Instiution-only 540.1 (r) 638.6 (r) 796.6 (r)
Repurchase agreements and eurodollars
18 Repurchase agreements
(12) 293.4 335.9 364.0
19 Eurodollars (12) 152.5 173.4 195.9
Measures (2)
20 M1 1,120.4 1,148.3 1,112.3
21 M2 4,404.0 (r) 4,675.2 (r) 4,962.2 (r)
22 M3 6,070.1 (r) 6,576.2 (r) 7,150.3 (r)
M1 components
23 Currency (3) 463.3 521.5 535.2
24 Travelers checks (4) 8.4 8.4 8.1
25 Demand deposits (5) 395.9 371.8 326.5
26 Other checkable deposits
(6) 252.8 246.6 242.5
Nontransaction components
27 In M2 (7) 3,283.6 (r) 3,526.7 (r) 3,849.9
(r)
28 In M3 only (8) 1,666.1 (r) 1,901.2 (r) 2,188.1
(r)
Commercial banks
29 Savings deposits, including
MMDAs 1,186.0 1,288.8 1,426.9
30 Small time deposits (9) 626.5 635.7 700.0
31 Large time deposits
(10, 11) 583.1 (r) 651.7 (r) 717.6
Thrift institutions
32 Savings deposits, including
MMDAs 414.2 449.6 453.1
33 Small time deposits (9) 325.8 320.8 345.0
34 Large time deposits (10) 88.6 91.2 103.0
Money market mutual funds
35 Retail 731.1 (r) 831.9 (r) 924.9
(r)
36 Institution-only 549.5 (r) 648.2 (r) 805.6
(r)
Repurchase agreements and eurodollars
37 Repurchase agreements
(12) 290.4 334.7 364.2
38 Eurodollars (12) 154.5 175.4 197.6
2001
Item Dec. (r) May (r) June (r)
Seasonally adjusted
Measures (2)
1 M1 1,179.3 1,182.8 1,189.9
2 M2 5,457.9 5,547.4 5,581.4
3 M3 8,033.2 8,139.5 8,182.4
M1 components
4 Currency (3) 579.9 605.0 611.1
5 Travelers checks (4) 7.8 7.8 8.2
6 Demand deposits (5) 330.4 305.9 305.1
7 Other checkable deposits
(6) 261.2 264.1 265.5
Nontransaction components
8 In M2 (7) 4,278.7 4,364.6 4,391.6
9 In M3 only (8) 2,575.2 2,592.0 2,601.0
Commercial banks
10 Savings deposits, including
MMDAs 1,745.8 1,863.7 1,884.7
11 Small time deposits (9) 638.9 617.8 617.5
12 Large time depositst
(10,11) 670.0 701.2 699.4
Thrift institutions
13 Savings deposits, including
MMDAs 561.8 621.1 629.4
14 Small time deposits (9) 334.4 311.2 308.4
15 Large time deposits (10) 114.0 111.7 110.2
Money market mutual funds
16 Retail 997.7 950.8 951.5
17 Instiution-only 1,206.5 1,185.8 1,196.4
Repurchase agreements and eurodollars
18 Repurchase agreements
(12) 375.7 371.9 373.7
19 Eurodollars (12) 209.0 221.5 221.3
Not seasonally adjusted
Measures (2)
20 M1 1,203.5 1,178.1 1,187.5
21 M2 5,482.9 5,530.6 5,570.3
22 M3 8,071.4 8,134.2 8,168.2
M1 components
23 Currency (3) 584.9 605.1 610.4
24 Travelers checks (4) 7.9 7.9 8.0
25 Demand deposits (5) 348.2 300.2 302.2
26 Other checkable deposits
(6) 262.5 264.9 266.9
Nontransaction components
27 In M2 (7) 4,279.4 4,352.5 4,382.8
28 In M3 only (8) 2,588.5 2,603.5 2,597.9
Commercial banks
29 Savings deposits, including
MMDAs 1,750.2 1,862.0 1,889.6
30 Small time deposits (9) 639.6 615.7 614.5
31 Large time deposits
(10, 11) 670.1 707.2 704.6
Thrift institutions
32 Savings deposits, including
MMDAs 563.2 620.5 631.0
33 Small time deposits (9) 334.8 310.1 306.9
34 Large time deposits (10) 114.0 112.6 111.0
Money market mutual funds
35 Retail 991.6 944.2 940.7
36 Institution-only 1,217.7 1,182.8 1,182.2
Repurchase agreements and eurodollars
37 Repurchase agreements
(12) 376.5 376.9 378.8
38 Eurodollars (12) 210.2 223.9 221.3
Item July (r) Aug.
Measures (2)
1 M1 1,197.8 1,184.0
2 M2 5,641.1 5,685.5
3 M3 8,239.3 8,310.6
M1 components
4 Currency (3) 615.1 617.1
5 Travelers checks (4) 8.6 8.4
6 Demand deposits (5) 303.8 288.9
7 Other checkable deposits
(6) 270.3 269.6
Nontransaction components
8 In M2 (7) 4,443.4 4,501.5
9 In M3 only (8) 2,598.2 2,625.2
Commercial banks
10 Savings deposits, including
MMDAs 1,911.4 1,963.4
11 Small time deposits (9) 613.4 608.0
12 Large time depositst
(10,11) 703.7 704.2
Thrift institutions
13 Savings deposits, including
MMDAs 641.4 654.4
14 Small time deposits (9) 307.4 306.5
15 Large time deposits (10) 110.3 111.8
Money market mutual funds
16 Retail 969.8 969.2
17 Instiution-only 1,1916 1,190.1
Repurchase agreements and eurodollars
18 Repurchase agreements
(12) 372.6 397.5
19 Eurodollars (12) 220.0 221.6
Measures (2)
20 M1 1,195.3 1,179.2
21 M2 5,614.8 5,660.0
22 M3 8,189.6 8,258.6
M1 components
23 Currency (3) 615.3 616.2
24 Travelers checks (4) 8.2 8.1
25 Demand deposits (5) 304.0 287.7
26 Other checkable deposits (6) 267.8 267.3
Nontransaction components
27 In M2 (7) 4,419.5 4,480.8
28 In M3 only (8) 2,574.8 2,598.6
Commercial banks
29 Savings deposits, including
MMDAs 1,907.5 1,956.8
30 Small time deposits (9) 611.5 607.2
31 Large time deposits
(10, 11) 703.4 701.6
Thrift institutions
32 Savings deposits, including
MMDAs 640.1 652.2
33 Small time deposits (9) 306.4 306.1
34 Large time deposits (10) 110.3 111.4
Money market mutual funds
35 Retail 954.1 958.5
36 Institution-only 1,169.2 1,170.0
Repurchase agreements and eurodollars
37 Repurchase agreements 373.8 396.7
(12)
38 Eurodollars (12) 218.2 218.8
NOTES TO TABLE 1.21
(1.) Latest monthly and weekly figures are available from
the Board's H.6 (508) weekly statistical release. Historical data
starting in 1959 are available from the Money and Reserves
Projections Section, Division of Monetary Affairs, Board of
Governors of the Federal Reserve System, Washington, DC 20551.
(2.) Composition of the money stock measures is as follows:
MI: (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: MI 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 M 1.
M3:M2 plus (1) large-denomination time deposits (in amounts of
$100,000 or more) issued by all depository institutions, (2) balances
in institutional money funds, (3) RP liabilities (overnight and
term) issued by all depository institutions, and (4) eurodollars
(overnight and term) held by U.S. residents at foreign branches
of U.S. banks worldwide and at all banking offices in the United
Kingdom and Canada. Excludes amounts held by depositsory
institutions, the U.S. government, money market funds, and foreign
banks and official institutions. Seasonally adjusted M3 is calculated
by summing large time deposits, institutional money fund balances,
RP liabilities, and eurodollars, each seasonally adjusted separately,
and adding this result to seasonally adjusted M2.
(3.) Currency outside the U.S. Treasury, Federal Reserve Banks,
and vaults of depository institutions.
(4.) Outstanding amount of U.S. dollar-denominated travelers checks
of nonbank issuers. Travelers checks issued by depository institutions
are included in demand deposits.
(5.) Demand deposits at commercial banks and foreign-related
institutions other than those owed to depository institutions,
the U.S. government, and foreign banks and official institutions,
less cash items in the process of collection and Federal Reserve float.
(6.) Consists of NOW and ATS account balances at all depository
institutions, credit union share draft account balances, and demand
deposits at thrift institutions.
(7.) Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances.
(8.) Sum of (1) large time deposits, (2) institutional money fund
balances, (3) RP liabilities (overnight and term) issued by
depository institutions, and (4) eurodollars (overnight and term)
of U.S. addressees.
(9.) Small time deposits--including retail RPs--are those issued
in amounts of less than $100,000. All IRAs and Keogh accounts at
commercial banks and thrift institutions are subtracted from
small time deposits.
(10.) Large time deposits are those issued in amounts of $100,000
or more, excluding those booked at international banking facilities.
(11.) Large time deposits at commercial banks less those held by
money market funds, depository institutions, the U.S. government,
and foreign banks and official institutions.
(12.) Includes both overnight and term.
1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities (1)
A. All commercial banks
Billions of dollars
Monthly averages
Account 2001
Aug. Feb.
Seasonally adjusted
Assets
1 Bank credit 4,757.7 (r) 4,843.1 (r)
2 Securities in bank credit 1,197.3 (r) 1,252.1 (r)
3 U.S. government securities 725.9 (r) 764.6 (r)
4 Other securities 471.5 (r) 487.5 (r)
5 Loans and leases in bank credit (2) 3,560.3 3,591.0 (r)
6 Commercial and industrial 861.8 832.1 (r)
7 Real estate 1,700.0 1,771.6 (r)
8 Revolving home equity 141.4 162.2
9 Other 1,558.6 1,609.4 (r)
10 Consumer 552.8 563.5 (r)
11 Security (3) 82.9 77.9
12 Other loans and leases 362.8 345.9
13 Interbank loans 262.0 257.8
14 Cash assets (4) 248.2 255.9
15 Other assets (5) 415.3 (r) 459.6 (r)
16 Total assets (6) 5,615.1 (r) 5,742.3 (r)
Liabilities
17 Deposits 3,687.0 3,797.9
18 Transaction 603.6 614.6
19 Nontransaction 3,083.4 3,183.2
20 Large time 570.7 553.2
21 Other 2,515.7 2,630.0
22 Borrowings 1,028.2 1,042.6
23 From banks in the U.S. 370.1 372.2
24 From others 658.1 670.4
25 Net due to related foreign offices 207.5 171.0
26 Other liabilities 273.6 258.7
27 Total liabilities 5,196.3 5,270.1
28 Residual (assets less liabilities) (7) 418.8 (r) 472.2 (r)
Assets
29 Bank credit 4,741.1 (r) 4,844.3 (r)
30 Securities in bank credit 1,190.0 (r) 1,259.6 (r)
31 U.S. government securities 720.6 (r) 771.7 (r)
32 Other securities 469.4 (r) 487.9 (r)
33 Loans and leases in bank credit (2) 3,551.1 3,584.7 (r)
34 Commercial and industrial 857.6 829.4 (r)
35 Real estate 1,701.0 1,766.5 (r)
36 Revolving home equity 141.5 162.2 (r)
37 Other 1,559.5 1,622.8 (r)
38 Consumer 549.4 565.8 (r)
39 Credit cards and related plans 217.7 223.5
40 Other 331.7 342.4 (r)
41 Security (3) 81.8 77.2
42 Other loans and leases 361.3 345.8
43 Interbank loans 26.33 256.5
44 Cash assets (4) 236.1 256.3
45 Other assets (5) 412.3 (r) 458.1 (r)
46 Total assets (6) 6,255.4 (r) 5,740.8 (r)
Liabilities
47 Deposits 3,355.4 3,808.4
48 Transaction 587.9 609.3
49 Nontransaction 3,067.5 3,199.1
50 Large time 569.0 555.1
51 Other 2,498.5 2,650.0
52 Borrowings 1,007.7 1,045.5
53 From banks in the U.S 364.5 377.1
54 From others 643.2 688.4
55 Net due to related foreign offices 206.3 174.7
56 Other liabilities 272.3 262.6
57 Total liabilities 5,141.7 5,291.2
58 Residual (assets less liabilities) (7) 436.9 (r) 449.5 (r)
Monthly averages
Account 2002
Mar. (r) Apr. (r)
Seasonally adjusted
Assets
1 Bank credit 4,831.1 (r) 5,446.4
2 Securities in bank credit 1,253.1 (r) 1,500.0
3 U.S. government securities 778.6 874.5
4 Other securities 474.5 (r) 625.5
5 Loans and leases in bank credit (2) 3,578.0 3,946.4
6 Commercial and industrial 824.3 (r) 1,009.7
7 Real estate 1,772.0 1,794.9
8 Revolving home equity 167.6 172.0
9 Other 1,604.3 (r) 1,623.0
10 Consumer 562.7 (r) 567.5
11 Security (3) 81.4 167.4
12 Other loans and leases 337.7 406.8
13 Interbank loans 249.2 271.0
14 Cash assets (4) 256.2 298.7
15 Other assets (5) 441.2 (r) 482.8
16 Total assets (6) 6,388.9 6,424.7
Liabilities
17 Deposits 4,314.1 4,333.7
18 Transaction 621.1 602.8
19 Nontransaction 3,693.0 3,730.9
20 Large time 1,027.8 1,043.6
21 Other 2,665.2 2,687.4
22 Borrowings 1,204.5 1,220.8
23 From banks in the U.S. 375.8 384.2
24 From others 821.7 839.4
25 Net due to related foreign offices 111.9 103.7
26 Other liabilities 309.4 319.2
27 Total liabilities 5,930.0 5,977.3
28 Residual (assets less liabilities) (7) 458.9 447.3
Not seasonally adjusted
Assets
29 Bank credit 5,416.9 5,443.2
30 Securities in bank credit 1,482.7 1,499.3
31 U.S. government securities 860.3 876.3
32 Other securities 622.4 623.1
33 Loans and leases in bank credit (2) 3,934.2 3,943.9
34 Commercial and industrial 1,025.9 1,013.8
35 Real estate 1,783.2 1,791.6
36 Revolving home equity 166.1 171.3
37 Other 1,617.2 1,620.3
38 Consumer 599.9 564.1
39 Credit cards and related plans 219.9 223.6
40 Other 340.0 340.5
41 Security (3) 157.5 166.6
42 Other loans and leases 407.6 407.8
43 Interbank loans 274.6 280.9
44 Cash assets (4) 290.3 297.8
45 Other assets (5) 470.5 483.2
46 Total assets (6) 6,377.4 6,431.2
Liabilities
47 Deposits 4,319.5 4,357.9
48 Transaction 616.2 611.2
49 Nontransaction 3,703.3 3,746.7
50 Large time 1,028.7 1,046.1
51 Other 2,674.6 2,700.5
52 Borrowings 1,202.6 1,226.9
53 From banks in the U.S 387.0 386.3
54 From others 815.6 840.6
55 Net due to related foreign offices 103.5 95.1
56 Other liabilities 309.2 311.8
57 Total liabilities 5,934.8 5,991.7
58 Residual (assets less liabilities) (7) 442.6 439.5
Monthly averages
Account 2002
May (r) June (r)
Seasonally adjusted
Assets
1 Bank credit 5,502.4 5,546.1
2 Securities in bank credit 1,533.5 1,558.9
3 U.S. government securities 896.4 909.0
4 Other securities 637.1 649.9
5 Loans and leases in bank credit (2) 3,968.9 3,987.2
6 Commercial and industrial 1,004.6 998.0
7 Real estate 1,817.6 1,840.2
8 Revolving home equity 179.2 185.4
9 Other 1,638.4 1,654.8
10 Consumer 570.3 569.5
11 Security (3) 170.1 171.6
12 Other loans and leases 406.4 407.8
13 Interbank loans 289.3 284.1
14 Cash assets (4) 297.8 300.4
15 Other assets (5) 490.1 487.3
16 Total assets (6) 6,505.2 6,543.4
Liabilities
17 Deposits 4,366.8 4,389.8
18 Transaction 615.2 608.1
19 Nontransaction 3,751.7 3,781.7
20 Large time 1,050.3 1,046.3
21 Other 2,701.3 2,735.4
22 Borrowings 1,248.6 1,246.6
23 From banks in the U.S. 403.1 395.1
24 From others 866.7 870.8
25 Net due to related foreign offices 92.2 90.8
26 Other liabilities 331.2 359.4
27 Total liabilities 6,038.8 6,086.6
28 Residual (assets less liabilities) (7) 466.3 456.8
Not seasonally adjusted
Assets
29 Bank credit 5,496.2 5,540.5
30 Securities in bank credit 1,530.7 1,554.8
31 U.S. government securities 894.1 906.3
32 Other securities 636.7 648.5
33 Loans and leases in bank credit (2) 3,965.5 3,985.7
34 Commercial and industrial 1,008.1 1,000.2
35 Real estate 1,820.2 1,841.2
36 Revolving home equity 179.5 185.6
37 Other 1,640.7 1,655.6
38 Consumer 568.5 565.4
39 Credit cards and related plans 223.1 221.6
40 Other 345.4 343.8
41 Security (3) 163.6 170.6
42 Other loans and leases 405.1 408.4
43 Interbank loans 285.9 286.1
44 Cash assets (4) 295.1 292.8
45 Other assets (5) 489.8 485.3
46 Total assets (6) 6,492.5 6,530.2
Liabilities
47 Deposits 4,359.7 4,377.5
48 Transaction 607.1 605.0
49 Nontransaction 3,752.7 3,772.5
50 Large time 1,054.0 1,044.0
51 Other 2,698.7 2,728.5
52 Borrowings 1,255.1 1,245.6
53 From banks in the U.S 383.2 373.3
54 From others 871.9 872.4
55 Net due to related foreign offices 91.7 87.0
56 Other liabilities 330.7 356.6
57 Total liabilities 6,037.2 6,066.8
58 Residual (assets less liabilities) (7) 455.3 463.4
Monthly averages
Account 2002
July (r) Aug.
Seasonally adjusted
Assets
1 Bank credit 5,592.8 5,675.6
2 Securities in bank credit 1,586.7 1,625.2
3 U.S. government securities 917.1 945.6
4 Other securities 669.6 679.5
5 Loans and leases in bank credit (2) 4,006.1 4,050.5
6 Commercial and industrial 986.9 987.2
7 Real estate 1,870.4 1,901.5
8 Revolving home equity 192.3 197.0
9 Other 1,678.1 1,704.6
10 Consumer 566.5 576.7
11 Security (3) 179.3 179.1
12 Other loans and leases 403.1 406.0
13 Interbank loans 289.9 305.6
14 Cash assets (4) 301.2 307.5
15 Other assets (5) 496.5 512.1
16 Total assets (6) 6,606.2 6,726.7
Liabilities
17 Deposits 4,431.1 4,473.8
18 Transaction 618.9 605.7
19 Nontransaction 3,812.2 3,868.2
20 Large time 1,052.5 1,052.1
21 Other 2,759.7 2,816.1
22 Borrowings 1,247.5 1,308.1
23 From banks in the U.S. 402.6 399.9
24 From others 863.3 905.0
25 Net due to related foreign offices 90.8 91.0
26 Other liabilities 387.7 407.2
27 Total liabilities 6,157.1 6,280.1
28 Residual (assets less liabilities) (7) 449.0 446.6
Not seasonally adjusted
Assets
29 Bank credit 5,566.0 5,653.0
30 Securities in bank credit 1,576.2 1,616.5
31 U.S. government securities 908.8 939.3
32 Other securities 663.8 677.2
33 Loans and leases in bank credit (2) 3,993.4 4,036.5
34 Commercial and industrial 985.8 981.7
35 Real estate 1,869.8 1,902.7
36 Revolving home equity 192.1 197.1
37 Other 1,677.7 1,705.6
38 Consumer 560.6 573.2
39 Credit cards and related plans 216.0 225.3
40 Other 344.5 347.9
41 Security (3) 174.6 174.5
42 Other loans and leases 402.7 404.4
43 Interbank loans 284.1 299.2
44 Cash assets (4) 292.2 293.5
45 Other assets (5) 495.1 509.4
46 Total assets (6) 6,563.2 6,680.8
Liabilities
47 Deposits 4,401.8 4,426.8
48 Transaction 611.4 590.3
49 Nontransaction 3,790.3 3,836.5
50 Large time 1,041.4 1,036.4
51 Other 2,748.9 2,800.1
52 Borrowings 1,237.4 1,287.8
53 From banks in the U.S. 380.1 398.0
54 From others 857.3 889.8
55 Net due to related foreign offices 81.7 88.1
56 Other liabilities 379.4 404.6
57 Total liabilities 6,100.2 6,207.3
58 Residual (assets less liabilities) (7) 462.9 473.5
Wednesday figures
Account 2002
Aug. 7 Aug. 14
Assets
1 Bank credit 5,640.3 5,670.5
2 Securities in bank credit 1,612.6 1,621.7
3 U.S. government securities 941.0 932.0
4 Other securities 671.7 689.7
5 Loans and leases in bank credit (2) 4,027.8 4,048.8
6 Commercial and industrial 988.9 986.7
7 Real estate 1,893.5 1,900.4
8 Revolving home equity 196.4 197.6
9 Other 1,697.0 1,702.7
10 Consumer 570.1 573.4
11 Security (3) 171.0 183.2
12 Other loans and leases 404.2 405.2
13 Interbank loans 294.9 303.8
14 Cash assets (4) 310.5 302.1
15 Other assets (5) 508.6 518.5
16 Total assets (6) 6,719.2 6,679.8
Liabilities
17 Deposits 4,446.7 4,486.9
18 Transaction 566.8 599.3
19 Nontransaction 3,879.9 3,887.6
20 Large time 1,054.1 1,054.1
21 Other 2,827.9 2,833.5
22 Borrowings 1,280.3 1,301.8
23 From banks in the U.S. 395.1 402.6
24 From others 885.2 899.3
25 Net due to related foreign offices 97.0 68.2
26 Other liabilities 400.0 424.1
27 Total liabilities 6,267.7 6,281.0
28 Residual (assets less liabilities) (7) 451.5 440.2
Assets
29 Bank credit 5,618.2 5,650.4
30 Securities in bank credit 1,603.4 1,611.5
31 U.S. government securities 934.7 924.6
32 Other securities 668.7 686.9
33 Loans and leases in bank credit (2) 4,014.7 4,038.9
34 Commercial and industrial 985.4 982.0
35 Real estate 1,893.7 1,903.7
36 Revolving home equity 196.0 197.7
37 Other 1,697.7 1,706.0
38 Consumer 563.6 569.2
39 Credit cards and related plans 218.1 222.1
40 Other 345.5 347.0
41 Security (3) 168.5 180.3
42 Other loans and leases 403.5 403.8
43 Interbank loans 292.4 301.0
44 Cash assets (4) 293.2 286.6
45 Other assets (5) 507.6 516.9
46 Total assets (6) 6,636.6 6,681.0
Liabilities
47 Deposits 4,417.6 4,443.8
48 Transaction 553.3 586.3
49 Nontransaction 3,864.2 3,857.5
50 Large time 1,038.4 1,036.9
51 Other 2,826.1 2,820.5
52 Borrowings 1,260.8 1,279.8
53 From banks in the U.S 391.4 397.7
54 From others 869.4 882.1
55 Net due to related foreign offices 97.7 63.6
56 Other liabilities 395.6 418.8
57 Total liabilities 6,171.7 6,205.9
58 Residual (assets less liabilities) (7) 465.0 475.1
Wednesday figures
Account 2002
Aug. 21 Aug. 28
Assets
1 Bank credit 5,670.1 5,694.0
2 Securities in bank credit 1,620.0 1,630.0
3 U.S. government securities 939.2 958.1
4 Other securities 680.9 671.9
5 Loans and leases in bank credit (2) 4,050.0 4,064.0
6 Commercial and industrial 986.5 987.3
7 Real estate 1,897.2 1,907.0
8 Revolving home equity 196.0 197.3
9 Other 1,701.2 1,709.7
10 Consumer 578.6 582.1
11 Security (3) 183.0 179.0
12 Other loans and leases 404.7 408.6
13 Interbank loans 301.0 318.3
14 Cash assets (4) 306.5 304.1
15 Other assets (5) 515.5 506.6
16 Total assets (6) 6,719.2 6,748.6
Liabilities
17 Deposits 4,459.4 4,480.8
18 Transaction 612.7 652.1
19 Nontransaction 3,846.7 3,828.7
20 Large time 1,052.8 1,049.3
21 Other 2,793.9 2,779.3
22 Borrowings 1,311.3 1,330.1
23 From banks in the U.S. 399.4 408.4
24 From others 911.4 921.4
25 Net due to related foreign offices 97.0 89.4
26 Other liabilities 400.6 396.6
27 Total liabilities 6,297.0 6,297.0
28 Residual (assets less liabilities) (7) 451.7 451.7
Assets
29 Bank credit 5,642.9 5,669.1
30 Securities in bank credit 1,610.1 1,621.4
31 U.S. government securities 932.3 951.3
32 Other securities 677.9 670.1
33 Loans and leases in bank credit (2) 4,032.8 4,047.7
34 Commercial and industrial 980.5 979.4
35 Real estate 1,897.2 1,908.1
36 Revolving home equity 196.1 197.8
37 Other 1,701.1 1.710.4
38 Consumer 575.9 581.0
39 Credit cards and related plans 227.6 231.0
40 Other 348.4 350.0
41 Security (3) 176.4 173.8
42 Other loans and leases 402.7 405.3
43 Interbank loans 293.6 301.6
44 Cash assets (4) 287.8 287.2
45 Other assets (5) 510.1 501.4
46 Total assets (6) 6,608.3 6,684.9
Liabilities
47 Deposits 4,397.8 4,409.3
48 Transaction 589.8 628.1
49 Nontransaction 3,808.0 3,781.2
50 Large time 1,036.4 1,034.7
51 Other 2,771.6 2,746.5
52 Borrowings 1,291.3 1,306.5
53 From banks in the U.S 395.6 400.8
54 From others 895.7 905.7
55 Net due to related foreign offices 95.0 93.7
56 Other liabilities 398.6 400.7
57 Total liabilities 6,182.6 6,210.2
58 Residual (assets less liabilities) (7) 477.6 474.7
Footnotes appear on p. A21.
B. Domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 2001
Aug. Feb.
Seasonally adjusted
Assets
1 Bank credit 4,757.7 (r) 4,842.1 (r)
2 Securities in bank credit 1,197.3 (r) 1,252.1 (r)
3 U.S. government securities 725.9 764.6
4 Other securities 471.5 (r) 487.5 (r)
5 Loans and leases in bank credit (2) 3,560.3 3,591.0 (r)
6 Commercial and industrial 861.8 832.1 (r)
7 Real estate 1,700.0 1,771.6 (r)
8 Revolving home equity 141.4 162.2
9 Other 1,558.6 1,609.4 (r)
10 Consumer 552.8 563.5 (r)
11 Security (3) 82.9 77.9
12 Other loans and leases 362.8 345.9
13 Interbank loans 262.0 257.8
14 Cash assets (4) 248.2 255.9
15 Other assets (5) 414.3 (r) 459.6 (r)
16 Total assets (6) 5,615.1 (r) 5,742.3 (r)
Liabilities
17 Deposits 3,687.0 3,797.9
18 Transaction 603.6 614.6
19 Nontransaction 3,083.4 3,183.2
20 Large time 570.7 553.2
21 Other 2,515.1 2,630.0
22 Borrowings 1,028.2 1,042.6
23 From banks in the U.S. 370.1 372.2
24 From others 658.1 670.4
25 Net due to related foreign offices 207.5 171.0
26 Other liabilities 273.6 258.7
27 Total liabilities 5,196.3 5,270.1
28 Residual (assets less liabilities) (7) 418.7 (r) 472.2 (r)
Assets
29 Bank credit 4,741.1 (r) 4,844.3 (r)
30 Securities in bank credit 1,190.0 (r) 1,259.6 (r)
31 U.S. government securities 720.6 (r) 771.7
32 Other securities 469.4 (r) 487.9 (r)
33 Loans and leases in bank credit (2) 3,551.1 3,587.7 (r)
34 Commercial and industrial 857.6 829.4 (r)
35 Real estate 1,701.0 1,766.5 (r)
36 Revolving home equity 141.5 162.2 (r)
37 Other 1,559.5 1,604.3 (r)
38 Consumer 549.4 565.8 (r)
39 Credit cards and related plans 217.7 223.5
40 Other 331.7 342.4 (r)
41 Security (3) 81.8 77.2
42 Other loans and leases 361.3 345.8
43 Interbank loans 256.3 256.5
44 Cash assets (4) 236.1 256.3
45 Other assets (5) 412.3 (r) 458.1 (r)
46 Total assets (6) 5,578.6 (r) 5,740.8 (r)
Liabilities
47 Deposits 3,655.4 3,808.4
48 Transaction 587.9 609.3
49 Nontransaction 3,067.5 3,199.1
50 Large time 569.0 555.1
51 Other 2,498.5 2,644.0
52 Borrowings 1,007.7 1,045.5
53 From banks in the U.S 364.5 377.1
54 From others 643.2 668.4
55 Net due to related foreign offices 206.3 174.7
56 Other liabilities 372.3 262.6
57 Total liabilities 5,141.7 5,291.2
58 Residual (assets less liabilities) (7) 436.9 (r) 449.5 (r)
Monthly averages
Account 2002
Mar. Apr. (r)
Seasonally adjusted
Assets
1 Bank credit 4,831.1 (r) 5,446.4
2 Securities in bank credit 1,253.1 (r) 1,275.1
3 U.S. government securities 778.6 797.8
4 Other securities 474.5 (r) 477.3
5 Loans and leases in bank credit (2) 3,578.0 (r) 3,573.1
6 Commercial and industrial 824.3 (r) 811.6
7 Real estate 1,772.0 1,775.5
8 Revolving home equity 167.6 172.0
9 Other 1,604.3 (r) 1,603.5
10 Consumer 562.7 (r) 567.5
11 Security (3) 81.4 82.9
12 Other loans and leases 337.7 335.5
13 Interbank loans 249.2 249.0
14 Cash assets (4) 441.2 (r) 252.5
15 Other assets (5) 471.1 451.5
16 Total assets (6) 5,703.3 (r) 5,727.4
Liabilities
17 Deposits 3,823.6 3,826.6
18 Transaction 611.1 592.3
19 Nontransaction 3,212.5 3,234.4
20 Large time 552.6 549.5
21 Other 2,659.9 2,684.9
22 Borrowings 1,017.0 1,029.3
23 From banks in the U.S. 361.1 358.9
24 From others 655.9 670.4
25 Net due to related foreign offices 173.4 177.3
26 Other liabilities 240.4 251.9
27 Total liabilities 5,254.5 (r) 5,285.1
28 Residual (assets less liabilities) (7) 448.8 (r) 442.3
Not seasonally adjusted
Assets
29 Bank credit 4,825.5 (r) 4,844.9
30 Securities in bank credit 1,258.8 (r) 1,274.4
31 U.S. government securities 799.6 799.6
32 Other securities 474.9 474.9
33 Loans and leases in bank credit (2) 3,570.5 3,570.5
34 Commercial and industrial 817.0 817.0
35 Real estate 1,772.2 1,772.2
36 Revolving home equity 171.3 171.3
37 Other 1,600.9 1,600.9
38 Consumer 564.1 564.1
39 Credit cards and related plans 223.6 223.6
40 Other 340.5 340.5
41 Security (3) 81.5 81.5
42 Other loans and leases 335.8 335.8
43 Interbank loans 258.8 258.8
44 Cash assets (4) 253.5 253.5
45 Other assets (5) 452.2 452.2
46 Total assets (6) 5,735.9 5,735.9
Liabilities
47 Deposits 3,847.0 3,847.0
48 Transaction 601.2 601.2
49 Nontransaction 3,245.8 3,245.8
50 Large time 547.8 547.8
51 Other 2,698.0 2,698.0
52 Borrowings 1,035.4 1,035.4
53 From banks in the U.S 363.9 363.9
54 From others 671.6 671.6
55 Net due to related foreign offices 170.6 170.6
56 Other liabilities 245.2 245.2
57 Total liabilities 5,298.2 5,298.2
58 Residual (assets less liabilities) (7) 437.7 437.7
Monthly averages
Account 2002
May June
Seasonally adjusted
Assets
1 Bank credit 4,904.2 (r) 4,935.5 (r)
2 Securities in bank credit 1,305.5 (r) 1,326.3 (r)
3 U.S. government securities 819.5 (r) 832.0
4 Other securities 486.0 (r) 494.3 (r)
5 Loans and leases in bank credit (2) 3,598.7 (r) 3,612.2 (r)
6 Commercial and industrial 805.0 (r) 802.5 (r)
7 Real estate 1,798.2 (r) 1,820.4 (r)
8 Revolving home equity 179.2 185.4
9 Other 1,619.0 (r) 1,635.0 (r)
10 Consumer 570.3 (r) 569.5 (r)
11 Security (3) 89.0 84.4
12 Other loans and leases 335.3 (r) 335.4
13 Interbank loans 265.6 263.2
14 Cash assets (4) 253.7 256.5
15 Other assets (5) 458.4 (r) 452.4 (r)
16 Total assets (6) 5,807.6 5,836.5
Liabilities
17 Deposits 3,858.4 3,880.2
18 Transaction 604.3 597.2
19 Nontransaction 3,254.2 3,283.0
20 Large time 554.9 551.7
21 Other 2,699.3 2,731.3
22 Borrowings 1,055.9 (r) 1,048.5 (r)
23 From banks in the U.S. 360.4 353.6
24 From others 695.5 (r) 694.9 (r)
25 Net due to related foreign offices 179.7 175.6
26 Other liabilities 260.6 280.8
27 Total liabilities 5,354.7 (r) 5,385.0 (r)
28 Residual (assets less liabilities) (7) 453.0 451.5 (r)
Not seasonally adjusted
Assets
29 Bank credit 5,920.0 (r) 4,936.0 (r)
30 Securities in bank credit 1,320.7 (r) 1,322.2 (r)
31 U.S. government securities 817.1 829.2 (r)
32 Other securities 485.6 (r) 493.2 (r)
33 Loans and leases in bank credit (2) 3,599.2 (r) 3,613.8 (r)
34 Commercial and industrial 811.8 (r) 805.8 (r)
35 Real estate 1,800.8 (r) 1,821.3 (r)
36 Revolving home equity 179.5 185.6
37 Other 1,621.3 (r) 1,635.7 (r)
38 Consumer 568.5 (r) 565.4 (r)
39 Credit cards and related plans 223.1 221.6
40 Other 345.4 (r) 343.8 (r)
41 Security (3) 83.7 84.9
42 Other loans and leases 334.4 336.3
43 Interbank loans 262.1 265.2
44 Cash assets (4) 252.4 (r) 250.9
45 Other assets (5) 458.0 (r) 451.9 (r)
46 Total assets (6) 5,800.4 5,822.9
Liabilities
47 Deposits 3,846.2 3,869.8
48 Transaction 596.6 594.4
49 Nontransaction 3,249.7 3,275.4
50 Large time 553.0 550.9
51 Other 2,696.7 (r) 2,724.5
52 Borrowings 1.062.4 (r) 1,047.5 (r)
53 From banks in the U.S 361.6 351.1
54 From others 700.7 (r) 696.5 (r)
55 Net due to related foreign offices 179.4 174.3
56 Other liabilities 260.1 279.3
57 Total liabilities 5,348.1 (r) 5,370.9 (r)
58 Residual (assets less liabilities) (7) 452.4 459.0 (r)
Monthly averages
Account 2002
July (r) Aug.
Seasonally adjusted
Assets
1 Bank credit 4928.88 5,057.0
2 Securities in bank credit 1,357.5 1,386.3
3 U.S. government securities 843.4 865.2
4 Other securities 514.1 521.1
5 Loans and leases in bank credit (2) 3,625.3 3,670.7
6 Commercial and industrial 793.0 794.7
7 Real estate 1,850.2 1,881.3
8 Revolving home equity 192.3 197.0
9 Other 1,658.0 1,684.4
10 Consumer 566.5 576.7
11 Security (3) 86.9 86.1
12 Other loans and leases 328.7 331.8
13 Interbank loans 271.8 286.6
14 Cash assets (4) 257.6 264.1
15 Other assets (5) 459.9 475.3
16 Total assets (6) 5,898.1 6,009.3
Liabilities
17 Deposits 3,925.8 3,975.5
18 Transaction 608.3 594.8
19 Nontransaction 3,317.5 3,380.7
20 Large time 566.9 574.2
21 Other 2,750.6 2,806.5
22 Borrowings 1,039.2 1,087.9
23 From banks in the U.S. 362.1 379.8
24 From others 677.1 708.0
25 Net due to related foreign offices 181.5 179.9
26 Other liabilities 302.8 316.2
27 Total liabilities 5,449.2 5,559.5
28 Residual (assets less liabilities) (7) 448.9 449.8
Not seasonally adjusted
Assets
29 Bank credit 4,962.2 5,040.7
30 Securities in bank credit 1,343.4 1,377.7
31 U.S. government securities 853.1 858.9
32 Other securities 508.2 518.8
33 Loans and leases in bank credit (2) 3,618.8 3,663.1
34 Commercial and industrial 793.3 790.8
35 Real estate 1,849.6 1,882.4
36 Revolving home equity 192.1 197.1
37 Other 1,657.5 1,685.4
38 Consumer 560.6 573.2
39 Credit cards and related plans 216.0 225.3
40 Other 344.5 347.9
41 Security (3) 85.7 85.0
42 Other loans and leases 329.7 331.6
43 Interbank loans 265.9 280.2
44 Cash assets (4) 250.4 251.5
45 Other assets (5) 459.8 473.2
46 Total assets (6) 5,864.5 5,971.6
Liabilities
47 Deposits 3,905.5 3,943.0
48 Transaction 600.8 579.6
49 Nontransaction 3,304.7 3,363.3
50 Large time 564.7 572.6
51 Other 2,740.0 2,790.8
52 Borrowings 1,029.1 1067.58
53 From banks in the U.S. 358.1 374.7
54 From others 671.1 692.9
55 Net due to related foreign offices 176.1 179.0
56 Other liabilities 296.5 314.7
57 Total liabilities 5,407.3 5,504.2
58 Residual (assets less liabilities) (7) 457.2 467.5
Wednesday figures
Account 2002
Aug. 7 Aug. 14
Assets
1 Bank credit 5,017.1 5,050.9
2 Securities in bank credit 1,370.7 1,380.1
3 U.S. government securities 861.0 852.0
4 Other securities 509.7 528.1
5 Loans and leases in bank credit (2) 3,646.4 3,670.8
6 Commercial and industrial 793.9 794.6
7 Real estate 1,873.1 1,880.2
8 Revolving home equity 196.4 197.6
9 Other 1,676.7 1,682.6
10 Consumer 570.1 573.4
11 Security (3) 80.5 92.0
12 Other loans and leases 328.8 330.7
13 Interbank loans 277.6 287.4
14 Cash assets (4) 266.2 258.4
15 Other assets (5) 472.4 477.0
16 Total assets (6) 5,959.1 6,002.2
Liabilities
17 Deposits 3,953.3 3,986.7
18 Transaction 555.3 588.6
19 Nontransaction 3,398.0 3,398.1
20 Large time 576.4 576.0
21 Other 2,821.6 2,822.1
22 Borrowings 1,060.9 1,078.9
23 From banks in the U.S. 374.2 378.4
24 From others 686.7 700.5
25 Net due to related foreign offices 183.2 161.4
26 Other liabilities 311.4 328.5
27 Total liabilities 5,508.8 5,555.5
28 Residual (assets less liabilities) (7) 450.3 444.8
Assets
29 Bank credit 4,998.8 5,035.4
30 Securities in bank credit 1,361.5 1,369.9
31 U.S. government securities 854.7 844.6
32 Other securities 506.8 525.2
33 Loans and leases in bank credit (2) 3,638.4 3,665.6
34 Commercial and industrial 792.1 791.1
35 Real estate 1,873.3 1,883.5
36 Revolving home equity 196.0 197.7
37 Other 1,677.3 1,685.8
38 Consumer 563.6 569.2
39 Credit cards and related plans 218.1 222.1
40 Other 345.5 347.0
41 Security (3) 79.4 91.1
42 Other loans and leases 329.9 330.8
43 Interbank loans 275.1 284.6
44 Cash assets (4) 250.4 244.4
45 Other assets (5) 472.3 476.5
46 Total assets (6) 5,923.3 5,967.4
Liabilities
47 Deposits 3,937.3 3,959.5
48 Transaction 542.2 575.9
49 Nontransaction 3,395.2 3,383.6
50 Large time 575.2 574.2
51 Other 2,819.9 2,809.5
52 Borrowings 1,041.5 1,056.9
53 From banks in the U.S 370.6 373.5
54 From others 670.9 683.3
55 Net due to related foreign offices 179.0 158.3
56 Other liabilities 306.3 324.0
57 Total liabilities 5,464.1 5,498.7
58 Residual (assets less liabilities) (7) 459.5 468.7
Wednesday figures
Account 2002
Aug. 21 Aug. 28
Assets
1 Bank credit 5,055.7 5,079.1
2 Securities in bank credit 1,384.1 1,395.3
3 U.S. government securities 860.6 876.6
4 Other securities 523.5 518.7
5 Loans and leases in bank credit (2) 3,671.6 3,683.8
6 Commercial and industrial 794.6 795.7
7 Real estate 1,877.1 1,886.7
8 Revolving home equity 196.0 197.3
9 Other 1,681.1 1,689.4
10 Consumer 578.6 582.1
11 Security (3) 89.3 84.4
12 Other loans and leases 331.9 334.8
13 Interbank loans 281.9 296.7
14 Cash assets (4) 264.6 260.8
15 Other assets (5) 479.9 472.9
16 Total assets (6) 6,008.6 6,035.6
Liabilities
17 Deposits 3,959.0 3,980.9
18 Transaction 602.5 641.1
19 Nontransaction 3,356.5 3,339.8
20 Large time 572.3 570.6
21 Other 2,784.2 2,769.2
22 Borrowings 1,097.7 1,110.8
23 From banks in the U.S. 379.6 382.8
24 From others 718.1 728.0
25 Net due to related foreign offices 187.6 183.8
26 Other liabilities 309.1 311.4
27 Total liabilities 5,553.4 5,586.9
28 Residual (assets less liabilities) (7) 455.2 448.6
Assets
29 Bank credit 5,035.7 5,061.4
30 Securities in bank credit 1,374.2 1,386.7
31 U.S. government securities 520.5 868.8
32 Other securities 3,661.5 518.9
33 Loans and leases in bank credit (2) 789.9 3,674.7
34 Commercial and industrial 1,877.1 789.9
35 Real estate 196.1 1,887.9
36 Revolving home equity 1,681.0 197.8
37 Other 1,701.1 1,690.1
38 Consumer 575.9 581.0
39 Credit cards and related plans 227.6 231.0
40 Other 348.4 350.0
41 Security (3) 87.3 83.3
42 Other loans and leases 331.3 332.6
43 Interbank loans 274.5 280.0
44 Cash assets (4) 247.1 245.1
45 Other assets (5) 475.2 467.7
46 Total assets (6) 5,958.8 5,980.1
Liabilities
47 Deposits 3,912.8 3,922.2
48 Transaction 580.0 617.4
49 Nontransaction 3,332.8 3,304.8
50 Large time 570.7 568.2
51 Other 2,762.2 2,736.7
52 Borrowings 1,077.6 1,087.2
53 From banks in the U.S 375.3 375.2
54 From others 702.3 712.0
55 Net due to related foreign offices 187.9 187.1
56 Other liabilities 309.0 314.8
57 Total liabilities 5,487.3 5,511.3
58 Residual (assets less liabilities) (7) 471.4 468.8
Footnotes appear on p. A21.
C. Large domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 2001 2002
Aug. Feb. Mar.
Seasonally adjusted
Assets
1 Bank credit 2,636.01 (r) 2,578.6 (r) 2,558.6 (r)
2 Securities
in bank
credit 630.2 (r) 631.7 (r) 629.5 (r)
3 U.S.
government
securities 365.7 362.4 369.9
4 Trading
account 36.2 33.6 32.7
5 Investment
account 329.5 328.8 337.2
6 Other securities 264.5 (r) 269.3 (r) 259.6 (r)
7 Trading
account 153.1 130.0 122.5
8 Investment
account 111.4 (r) 139.3 (r) 137.1 (r)
9 State and
local
government 27.5 27.8 27.7
10 Other 84.0 (r) 111.5 (r) 109.4 (r)
11 Loans and leases in
bank credit (2) 2,005.9 1,946.9 1,929.1
12 Commercial and
industrial 561.5 528.2 521.9
13 Bankers
acceptances .0 .0 .0
14 Other 561.5 528.2 521.9
15 Real estate 850.7 852.8 847.1
16 Revolving home
equity 90.0 101.5 105.3
17 Other 760.7 751.3 741.9
18 Consumer 254.6 248.6 247.1
19 Security (3) 74.7 70.0 73.7
20 Federal funds
sold to and
repurchase
agreements
with
broker-dealers 60.8 57.4 61.2
21 Other 13.9 12.5 12.5
22 State and loFcal
government 14.5 13.8 13.3
23 Agricultural 10.2 9.6 9.5
24 Federal funds
sold to and
repurchase
agreements
with
others 33.3 22.8 21.0
25 All other loans 75.7 69.8 65.0
26 Lease-financing
receivables 130.7 131.3 130.4
27 Interbank loans 150.0 155.1 148.7
28 Federal funds
sold to and
repurchase
agreements with
commercial banks 80.7 81.7 77.3
29 Other 69.3 73.5 71.3
30 Cash assets (4) 142.9 143.1 142.4
31 Other assets (5) 294.6 (r) 314.3 (r) 293.7 (r)
32 Total assets (6) 3,185.1 (r) 3,147.2 3,099.3 (r)
Liabilities
33 Deposits 1,766.7 1,798.4 1,809.6
34 Transaction 308.1 310.2 305.6
35 Nontransaction 1,458.6 1,488.2 1,504.0
36 Large time 266.7 251.3 250.4
37 Other 1,191.9 1,236.9 1,253.7
38 Borrowings 684.9 654.8 636.2
39 From banks in
the U.S 218.9 197.1 191.2
40 From others 466.0 457.7 445.0
41 Net due to related
foreign offices 192.1 160.0 164.4
42 Other liabilities 213.3 187.9 169.0
43 Total liabilities 2,857.0 2,801.1 2,779.2
44 Residual
(assets less
liabilities) (7) 328.1 (r) 346.1 320.1
45 Bank credit 2,621.9 (r) 2,583.4 (r) 2,557.6 (r)
46 Securities in
bank credit 624.8 (r) 637.5 (r) 632.9 (r)
47 U.S. government 362.3 367.7 373.9
securities
48 Trading
account 35.9 34.1 33.1
49 Investment
account 326.4 333.6 340.8
50 Mortgage-
backed
securities 245.8 259.4 263.6
51 Other 80.7 74.3 77.2
52 One year
or less 20.1 16.7 19.6
53 One to
five
years 34.1 45.5 45.3
54 More than
five
years 26.5 12.1 12.2
55 Other securities 262.5 (r) 269.7 (r) 259.0 (r)
56 Trading
account 151.9 130.2 122.2
57 Investment
account 110.6 (r) 139.5 (r) 136.8 (r)
58 State and
local
government 27.3 27.8 27.6
59 Other 83.3 (r) 111.7 (r) 109.2 (r)
60 Loans and leases in
bank credit (2) 1,997.2 1,946.0 1,924.6
61 Commercial and
industrial 558.7 527.0 522.3
62 Bankers
acceptances .0 .0 .0
63 Other 558.7 527.0 522.3
64 Real estate 851.1 849.6 842.5
65 Revolving home
equity 90.3 101.6 104.3
66 Other 455.7 438.6 429.6
67 Commercial 305.1 309.3 308.7
68 Consumer 252.4 251.0 247.2
69 Credit cards
and related
plans 85.9 77.2 75.3
70 Other 166.4 173.8 171.9
71 Security (3) 73.7 69.3 73.4
72 Federal funds
sold to and
repurchase
agreements
with broker-
dealers 59.9 56.9 60.9
73 Other 13.7 12.4 12.5
74 State and local
government 14.5 13.8 13.3
75 Agricultural 10.2 9.5 9.4
76 Federal funds sold
to and
repurchase
agreements
with others 32.2 24.2 21.0
77 All other loans 75.1 68.8 64.3
78 Lease-financing
receivables 129.3 132.8 131.3
79 Interbank loans 146.1 153.4 148.8
80 Federal funds sold
to and
repurchase
agreements
with commercial
banks 78.6 80.7 77.4
81 Other 67.5 72.6 71.4
82 Cash assets (4) 134.1 143.8 137.5
83 Other assets (5) 292.6 (r) 312.8 (r) 292.3 (r)
84 Total assets (6) 3,156.3 (r) 3,149.2 (r) 3,092.1
Liabilities
85 Deposits 1,749.9 1,804.9 1,808.2
86 Transaction 295.8 306.9 302.6
87 Nontransaction 1,454.0 1,498.0 1,505.6
88 Large time 265.1 253.2 248.9
89 Other 1,188.9 1,244.8 1,256.7
90 Borrowings 664.4 657.7 634.3
91 From banks in the
U.S 213.3 202.0 195.4
92 From nonbanks in
the U.S 451.2 455.7 438.8
93 Net due to related
foreign offices 190.8 163.8 163.0
94 Other liabilities 212.1 191.8 167.6
95 Total liabilities 2,817.2 2,818.2 2,773.1
96 Residual (assets
less liabilities)
(7) 339.0 (r) 331.0 319.0 (r)
Monthly averages
Account 2002
Apr. May June
Seasonally adjusted
Assets
1 Bank credit 2,560.1 (r) 2,575.9 (r) 2,595.3 (r)
2 Securities
in bank
credit 645.3 (r) 664.0 (r) 683.5 (r)
3 U.S.
government
securities 383.4 390.3 400.0
4 Trading
account 38.1 43.0 42.4
5 Investment
account 345.3 347.4 357.6
6 Other securities 261.9 (r) 273.7 (r) 283.6 (r)
7 Trading
account 128.2 140.5 148.3
8 Investment
account 133.7 (r) 133.2 (r) 135.3 (r)
9 State and
local
government 27.2 26.9 27.3
10 Other 106.5 (r) 106.3 (r) 107.9 (r)
11 Loans and leases in
bank credit (2) 1,914.8 1,911.9 1,911.8
12 Commercial and
industrial 510.8 503.7 499.6
13 Bankers
acceptances .0 .0 .0
14 Other 510.8 503.7 499.6
15 Real estate 845.1 846.7 860.6
16 Revolving home
equity 108.4 112.0 116.5
17 Other 736.7 734.7 744.2
18 Consumer 245.5 245.3 241.2
19 Security (3) 75.6 81.4 76.5
20 Federal funds
sold to and
repurchase
agreements
with
broker-dealers 63.3 69.2 64.5
21 Other 12.3 12.3 12.0
22 State and loFcal
government 13.1 13.0 13.0
23 Agricultural 9.3 9.3 9.1
24 Federal funds
sold to and
repurchase
agreements
with
others 22.1 18.7 17.2
25 All other loans 64.2 66.0 67.9
26 Lease-financing
receivables 129.2 127.7 126.8
27 Interbank loans 157.9 168.0 160.3
28 Federal funds
sold to and
repurchase
agreements with
commercial banks 84.7 83.8 74.1
29 Other 73.3 84.2 86.2
30 Cash assets (4) 139.3 140.8 142.6
31 Other assets (5) 301.5 (r) 305.5 (r) 298.8 (r)
32 Total assets (6) 3,115.8 3,147.1 3,154.1
Liabilities
33 Deposits 1,814.0 1,809.3 1,812.0
34 Transaction 288.8 290.4 286.0
35 Nontransaction 1,525.2 1,519.0 1,526.1
36 Large time 246.9 248.4 243.5
37 Other 1,278.2 1,270.6 1,282.5
38 Borrowings 645.9 664.7 654.9
39 From banks in
the U.S 192.4 193.4 187.3
40 From others 453.5 471.3 467.6
41 Net due to related
foreign offices 167.6 168.1 163.9
42 Other liabilities 180.1 186.6 206.4
43 Total liabilities 2,807.6 2,828.7 2,837.2
44 Residual
(assets less
liabilities) (7) 308.2 318.4 316.9
45 Bank credit 2,559 (r) 2,575.8 (r) 2,595.5 (r)
46 Securities in
bank credit 643.4 (r) 662.4 (r) 679.8 (r)
47 U.S. government
securities 384.0 388.8 397.7
48 Trading
account 38.2 42.8 42.2
49 Investment
account 345.8 346.0 355.5
50 Mortgage-
backed
securities 268.0 272.0 277.4
51 Other 77.7 74.0 78.1
52 One year
or less 18.4 16.1 14.9
53 One to
five
years 46.4 45.0 49.9
54 More than
five
years 12.9 12.9 13.3
55 Other securities 259.5 (r) 273.2 (r) 282.2 (r)
56 Trading
account 127.0 140.2 147.5
57 Investment
account 132.5 (r) 133.0 (r) 134.6 (r)
58 State and
local
government 27.0 26.9 27.2
59 Other 105.5 (r) 106. (r) 107.4 (r)
60 Loans and leases in
bank credit (2) 1,916.3 1,913.8 1,915.6
61 Commercial and
industrial 514.2 507.2 500.8
62 Bankers
acceptances .0 .0 .0
63 Other 514.2 507.2 500.8
64 Real estate 843.9 850.2 862.5
65 Revolving home
equity 108.0 112.5 116.9
66 Other 426.5 427.0 436.0
67 Commercial 309.4 310.7 309.6
68 Consumer 245.9 246.0 241.0
69 Credit cards
and related
plans 73.3 73.3 71.0
70 Other 172.5 172.6 170.0
71 Security (3) 73.9 76.3 77.2
72 Federal funds
sold to and
repurchase
agreements
with broker-
dealers 61.9 64.8 65.1
73 Other 12.1 11.5 12.1
74 State and local
government 13.1 13.0 13.0
75 Agricultural 9.2 9.3 9.3
76 Federal funds sold
to and
repurchase
agreements
with others 22.1 18.7 17.2
77 All other loans 64.2 65.4 68.3
78 Lease-financing
receivables 129.7 127.8 126.3
79 Interbank loans 161.8 169.2 165.4
80 Federal funds sold
to and
repurchase
agreements
with commercial
banks 86.8 84.4 76.4
81 Other 75.0 84.8 88.9
82 Cash assets (4) 141.9 140.2 138.5
83 Other assets (5) 302.1 (r) 305.2 (r) 298.3 (r)
84 Total assets (6) 3,122.8 3,147.3 3,154.7
Liabilities
85 Deposits 1,821.4 1,803.8 1,810.6
86 Transaction 296.1 287.5 284.4
87 Nontransaction 1,525.3 1,516.3 1,526.1
88 Large time 245.2 246.5 242.7
89 Other 1,280.1 1,269.8 1,283.4
90 Borrowings 652.1 671.1 653.9
91 From banks in the
U.S 197.4 194.6 184.8
92 From nonbanks in
the U.S 454.7 476.5 469.2
93 Net due to related
foreign offices 160.8 167.8 162.6
94 Other liabilities 173.4 186.1 204.9
95 Total liabilities 2,807.7 2,828.8 2,832.0
96 Residual (assets
less liabilities)
(7) 315.0 318.5 322.7
Monthly averages
Account 2002 2002
July Aug. Aug. 7
Seasonally adjusted
Assets
1 Bank credit 2,628.7 (r) 2,676.3 2,646.4
2 Securities
in bank
credit 713.0 (r) 736.3 721.1
3 U.S.
government
securities 410.7 427.2 423.9
4 Trading
account 43.1 48.0 45.8
5 Investment
account 367.6 379.2 378.1
6 Other securities 302.4 (r) 309.0 297.2
7 Trading
account 168.7 174.4 164.8
8 Investment
account 133.6 (r) 134.6 132.3
9 State and
local
government 28.3 28.0 28.0
10 Other 105.4 (r) 106.6 104.3
11 Loans and leases in
bank credit (2) 1,915.7 1,940.0 1,925.3
12 Commercial and
industrial 488.3 487.5 487.3
13 Bankers
acceptances .0 .0 n.a.
14 Other 488.3 487.5 487.3
15 Real estate 880.5 899.3 895.1
16 Revolving home
equity 121.2 124.1 124.1
17 Other 759.3 775.1 771.0
18 Consumer 241.7 247.2 244.4
19 Security (3) 78.7 77.7 72.3
20 Federal funds
sold to and
repurchase
agreements
with
broker-dealers 66.2 66.1 60.3
21 Other 12.5 11.6 12.0
22 State and loFcal
government 12.8 12.8 12.8
23 Agricultural 9.0 8.2 8.1
24 Federal funds
sold to and
repurchase
agreements
with
others 13.5 16.3 14.0
25 All other loans 64.9 65.0 65.1
26 Lease-financing
receivables 126.3 126.1 126.1
27 Interbank loans 162.1 173.5 170.9
28 Federal funds
sold to and
repurchase
agreements with
commercial banks 74.4 83.8 81.1
29 Other 87.7 89.7 89.8
30 Cash assets (4) 141.9 146.3 149.4
31 Other assets (5) 304.6 (r) 313.3 312.6
32 Total assets (6) 3,194.4 3,267.2 3,236.3
Liabilities
33 Deposits 1,841.0 1,866.2 1,854.6
34 Transaction 291.3 281.5 255.9
35 Nontransaction 1,549.6 1,584.8 1,598.7
36 Large time 260.6 267.4 269.0
37 Other 1,289.0 1,317.4 1,329.6
38 Borrowings 641.5 675.7 661.0
39 From banks in
the U.S 190.5 200.2 199.1
40 From others 450.9 475.5 461.9
41 Net due to related
foreign offices 171.7 171.5 174.8
42 Other liabilities 228.5 239.5 235.7
43 Total liabilities 2,882.6 2,952.9 2,926.1
44 Residual
(assets less
liabilities) (7) 311.9 314.3 310.2
45 Bank credit 2,613.4 (r) 2,663.0 2,635.2
46 Securities in
bank credit 701.0 (r) 730.0 714.6
47 U.S. government
securities 404.5 423.3 420.3
48 Trading
account 42.4 47.6 45.4
49 Investment
account 362.1 375.7 374.9
50 Mortgage-
backed
securities 287.2 304.4 301.6
51 Other 74.9 71.3 73.4
52 One year
or less 18.6 17.4 17.3
53 One to
five
years 43.6 42.2 44.9
54 More than
five
years 12.7 11.8 11.2
55 Other securities 296.5 (r) 306.7 294.3
56 Trading
account 165.5 173.1 163.2
57 Investment
account 131.4 133.6 131.0
58 State and
local
government 27.7 27.8 27.7
59 Other 103.3 (r) 105.8 103.3
60 Loans and leases in
bank credit (2) 1,912.4 1,933.0 1,920.6
61 Commercial and
industrial 487.9 485.0 486.7
62 Bankers
acceptances .0 .0 n.a.
63 Other 487.9 485.0 486.7
64 Real estate 880.7 899.7 896.0
65 Revolving home
equity 121.4 124.5 124.2
66 Other 449.5 465.2 461.5
67 Commercial 309.8 310.1 310.4
68 Consumer 239.9 245.0 241.7
69 Credit cards
and related
plans 69.8 72.5 70.8
70 Other 170.1 172.5 170.9
71 Security (3) 77.6 76.6 71.0
72 Federal funds
sold to and
repurchase
agreements
with broker-
dealers 65.3 65.1 59.3
73 Other 12.3 11.5 11.7
74 State and local
government 12.8 12.8 12.8
75 Agricultural 9.2 8.2 8.2
76 Federal funds sold
to and
repurchase
agreements
with others 13.5 16.3 14.0
77 All other loans 65.2 64.5 65.0
78 Lease-financing
receivables 125.5 124.8 125.1
79 Interbank loans 161.1 169.0 165.4
80 Federal funds sold
to and
repurchase
agreements
with commercial
banks 73.9 81.7 78.5
81 Other 87.2 87.3 86.9
82 Cash assets (4) 136.6 137.3 138.0
83 Other assets (5) 304.5 (r) 311.2 312.5
84 Total assets (6) 3,172.8 3,238.0 3,208.0
Liabilities
85 Deposits 1,832.9 1,849.8 1,847.4
86 Transaction 286.4 270.0 245.1
87 Nontransaction 1,546.6 1,579.8 1,602.2
88 Large time 258.5 265.7 267.9
89 Other 1,288.1 1,314.1 334.4
90 Borrowings 631.4 655.4 641.6
91 From banks in the
U.S 186.5 195.0 195.5
92 From nonbanks in
the U.S 444.9 460.3 446.1
93 Net due to related
foreign offices 166.4 170.5 170.5
94 Other liabilities 222.2 238.0 230.6
95 Total liabilities 2,852.8 2,913.7 2,890.1
96 Residual (assets
less liabilities)
(7) 320.0 324.4 317.9
Wednesday figures
Account 2002
Aug. 14 Aug. 21 Aug. 28
Seasonally adjusted
Assets
1 Bank credit 2,677.8 2,672.7 2,689.9
2 Securities
in bank
credit 731.8 734.5 744.9
3 U.S.
government
securities 417.1 424.1 436.7
4 Trading
account 48.3 44.3 50.7
5 Investment
account 368.8 379.8 386.1
6 Other securities 314.7 310.4 308.2
7 Trading
account 182.1 175.1 171.3
8 Investment
account 132.6 135.3 136.9
9 State and
local
government 28.0 28.1 28.1
10 Other 104.6 107.2 108.8
11 Loans and leases in
bank credit (2) 1,946.0 1,938.3 1,945.0
12 Commercial and
industrial 487.2 487.4 488.0
13 Bankers
acceptances n.a. n.a. n.a.
14 Other 487.2 487.4 488.0
15 Real estate 900.7 894.8 901.8
16 Revolving home
equity 125.1 123.1 124.1
17 Other 775.6 771.7 777.7
18 Consumer 246.6 247.1 249.1
19 Security (3) 83.7 80.8 75.7
20 Federal funds
sold to and
repurchase
agreements
with
broker-dealers 71.3 68.5 65.2
21 Other 12.4 12.3 10.5
22 State and local
government 12.8 12.8 13.0
23 Agricultural 8.2 8.2 8.2
24 Federal funds
sold to and
repurchase
agreements
with
others 15.9 17.1 17.9
25 All other loans 64.8 64.1 65.3
26 Lease-financing
receivables 126.1 125.9 126.0
27 Interbank loans 175.1 167.9 176.7
28 Federal funds
sold to and
repurchase
agreements with
commercial banks 87.2 77.6 85.8
29 Other 87.9 90.3 90.9
30 Cash assets (4) 142.7 146.7 141.5
31 Other assets (5) 309.4 319.0 314.2
32 Total assets (6) 3,263.1 3,264.5 3,280.2
Liabilities
33 Deposits 1,880.2 1,852.2 1,864.3
34 Transaction 281.6 285.3 307.9
35 Nontransaction 1,598.7 1,566.9 1,556.5
36 Large time 269.5 265.6 264.1
37 Other 1,329.1 1,301.3 1,292.4
38 Borrowings 669.9 683.5 688.3
39 From banks in
the U.S 202.1 198.2 197.6
40 From others 467.7 485.3 490.6
41 Net due to related
foreign offices 153.6 177.5 176.3
42 Other liabilities 251.8 231.9 233.9
43 Total liabilities 2,955.5 2,945.1 2,962.8
44 Residual
(assets less
liabilities) (7) 307.6 319.4 317.4
45 Bank credit 2,664.6 2,656.0 2,673.1
46 Securities in
bank credit 724.1 727.5 737.7
47 U.S. government
securities 412.2 420.1 431.3
48 Trading
account 47.7 43.9 50.0
49 Investment
account 364.4 376.2 381.3
50 Mortgage-
backed
securities 295.8 305.4 310.3
51 Other 68.6 70.7 71.0
52 One year
or less 16.5 17.1 17.9
53 One to
five
years 41.0 40.5 41.4
54 More than
five
years 11.1 13.2 11.6
55 Other securities 311.9 307.4 306.4
56 Trading
account 180.5 173.4 170.3
57 Investment
account 131.4 134.0 136.1
58 State and
local
government 27.7 27.8 27.9
59 Other 103.7 106.2 108.1
60 Loans and leases in
bank credit (2) 1,940.5 1,928.6 1,935.4
61 Commercial and
industrial 484.8 484.3 484.2
62 Bankers
acceptances n.a. n.a. n.a.
63 Other 484.8 484.3 484.2
64 Real estate 902.6 894.1 901.3
65 Revolving home
equity 125.4 123.4 124.6
66 Other 467.4 460.5 466.6
67 Commercial 309.9 310.3 310.1
68 Consumer 244.3 245.0 247.4
69 Credit cards
and related
plans 72.4 72.5 73.5
70 Other 171.9 172.6 173.9
71 Security (3) 82.8 79.0 75.0
72 Federal funds
sold to and
repurchase
agreements
with broker-
dealers 70.5 67.0 64.6
73 Other 12.2 12.0 10.4
74 State and local
government 12.8 12.8 13.0
75 Agricultural 8.3 8.3 8.2
76 Federal funds sold
to and
repurchase
agreements
with others 15.9 17.1 17.9
77 All other loans 64.2 63.5 64.0
78 Lease-financing
receivables 125.0 124.6 124.5
79 Interbank loans 173.6 164.2 168.7
80 Federal funds sold
to and
repurchase
agreements
with commercial
banks 86.4 75.9 81.9
81 Other 87.2 88.3 86.7
82 Cash assets (4) 133.1 135.2 131.1
83 Other assets (5) 309.0 314.3 308.9
84 Total assets (6) 3,238.2 3,227.8 3,239.5
Liabilities
85 Deposits 1,868.1 1,827.9 1,832.3
86 Transaction 272.7 269.7 291.1
87 Nontransaction 1,595.4 1,558.2 1,541.2
88 Large time 267.7 264.0 261.6
89 Other 1,327.8 1,294.1 1,279.6
90 Borrowings 647.8 663.4 664.7
91 From banks in the
U.S 197.2 193.9 190.1
92 From nonbanks in
the U.S 450.6 469.5 474.6
93 Net due to related
foreign offices 150.5 177.7 179.5
94 Other liabilities 247.4 231.9 237.3
95 Total liabilities 2,913.8 2,900.9 2,913.8
96 Residual (assets
less liabilities)
(7) 324.4 326.9 325.7
Footnotes appear on p. A21.
D. Small domestically chartered commercial banks
Billions of dollars
Monthly averages
Account 2001 2002
Aug. Feb. Mar.
Seasonally adjusted
Assets
1 Bank credit 2,121.7 2,264.6 (r) 2,272.5 (r)
2 Securities in
bank credit 567.2 620.4 623.6 (r)
3 U.S. government
securities 360.2 402.2 408.7
4 Other
securities 207.0 218.2 214.9 (r)
5 Loans andleases in
bank credit (2) 1,554.5 1,644.1 (r) 1,648.9 (r)
6 Commercial and
industrial 300.4 303.9 (r) 302.4 (r)
7 Real estate 849.3 918.87 924.8 (r)
8 Revolving home
equity 51.4 60.7 62.3 (r)
9 Other 797.9 858.1 (r) 862.5 (r)
10 Consumer 298.2 314.9 (r) 315.6 (r)
11 Security (3) 8.2 8.0 7.7
12 Other loans and
leases 98.4 98.6 98.4
13 Interbank loans 111.9 102.6 100.5
14 Cashassets (4) 105.3 112.8 113.8
15 Other assets (5) 119.6 145.3 147.5 (r)
16 Total assets (6) 2,430.0 2,595.1 (r) 2,603.9 (r)
Liabilities
17 Deposits 1,920.3 1,999.5 2,014.0
18 Transaction 295.5 304.4 305.5
19 Nontransaction 1,624.8 1,695.1 1,708.5
20 Large time 304.0 301.9 302.2
21 Other 1,320.8 1,393.2 1,406.2
22 Borrowings 343.3 387.8 380.8
23 From banks in the
U.S 151.2 175.1 169.9
24 From others 192.1 212.7 210.9
25 Net due to related
foreign offices 15.5 10.9 9.0
26 Other liabilities 60.2 70.8 71.4
27 Total liabilities 2,339.3 2,469.0 2,475.2
28 Residual (assets
less liabilities)
(7) 90.7 126.1 (r) 128.7 (r)
Not seasonally adjusted
Assets
29 Bank credit 2,119.2 2,260.9 (r) 2,267.7 (r)
30 Securities in bank
credit 565.2 622.2 625.9 (r)
31 U.S. government
securities 358.3 404.0 411.0
32 Other securities 207.0 218.2 214.9 (r)
33 Loans and leases
in bank credit
(2) 1,553.9 1,638.7 (r) 1,641.8 (r)
34 Commercial and
industrial 298.9 302.4 (r) 302.1 (r)
35 Real estate 849.9 916.9 (r) 921.9 (r)
36 Revolving home
equity 51.2 60.5 61.8
37 Other 798.7 856.4 (r) 860.1 (r)
38 Consumer 297.1 314.8 (r) 312.7 (r)
39 Credit cards
and related
plans 131.8 146.3 144.6
40 Other 165.2 168.5 (r) 168.1 (r)
41 Security (3) 8.1 7.9 8.0
42 Other loans and
leases 100.0 96.7 97.2
43 Interbank loans 110.1 103.1 105.2
44 Cashassets (4) 102.0 112.4 110.0
45 Other assets (5) 119.6 145.3 147.5 (r)
46 Total assets (6) 2,422.4 2,591.5 (r) 2,600.0 (r)
Liabilities
47 Deposits 1,905.5 2,003.5 2,018.5
48 Transaction 292.0 302.4 303.7
49 Nontransaction 1,613.5 1,701.1 1,714.8
50 Large time 304.0 301.9 302.2
51 Other 1,309.6 1,399.2 1,412.6
52 Borrowings 343.3 387.8 380.8
53 From banks n the
U.S 151.2 175.1 169.9
54 From others 192.1 212.7 210.9
55 Net due to related
foreign offices 15.5 10.9 9.0
56 Other liabilities 60.2 70.8 71.4
57 Total liabilities 2,324.5 2,473.0 2,479.8
58 Residual (assets
less liabilities)
(7) 97.9 118.5 (r) 120.2 (r)
Monthly averages
Account 2002
Apr. (r) May (r) June
Seasonally adjusted
Assets
1 Bank credit 2,288.0 2,328.3 2,343.2 (r)
2 Securities in
bank credit 629.7 641.5 642.8 (r)
3 U.S. government
securities 414.3 429.1 432.0 (r)
4 Other
securities 215.4 212.4 210.8 (r)
5 Loans andleases in
bank credit (2) 1,658.3 1,686.8 1,700.4 (r)
6 Commercial and
industrial 300.8 302.2 302.9 (r)
7 Real estate 930.4 951.5 959.7 (r)
8 Revolving home
equity 63.5 67.2 68.9
9 Other 866.9 884.3 890.8 (r)
10 Consumer 322.0 324.9 328.3 (r)
11 Security (3) 7.3 7.6 7.9
12 Other loans and
leases 97.7 100.6 101.5
13 Interbank loans 91.0 97.6 102.9
14 Cashassets (4) 113.2 112.9 113.9
15 Other assets (5) 150.1 152.8 153.6 (r)
16 Total assets (6) 2,611.6 2,660.5 2,682.4
Liabilities
17 Deposits 2,012.7 2,049.1 2,068.1
18 Transaction 303.5 313.9 311.2
19 Nontransaction 1,709.2 1,735.2 1,756.9
20 Large time 302.5 306.5 308.2
21 Other 1,406.7 1,428.8 1,448.8 (r)
22 Borrowings 383.3 391.2 393.6 (r)
23 From banks in the
U.S 166.5 167.0 166.3
24 From others 216.8 224.2 227.3 (r)
25 Net due to related
foreign offices 9.7 11.6 11.7
26 Other liabilities 71.8 74.0 74.4
27 Total liabilities 2,477.5 2,526.0 2.547.8
28 Residual (assets
less liabilities)
(7) 134.1 134.5 134.6
Not seasonally adjusted
Assets
29 Bank credit 2,285.2 2,326.2 2,340.5 (r)
30 Securities in bank
credit 631.0 640.7 642.3 (r)
31 U.S. government
securities 415.6 428.4 431.5 (r)
32 Other securities 215.4 212.4 210.8 (r)
33 Loans and leases
in bank credit
(2) 1,654.2 1,685.4 1,698.2 (r)
34 Commercial and
industrial 302.8 304.6 305.0 (r)
35 Real estate 928.3 950.6 958.8 (r)
36 Revolving home
equity 63.3 67.0 68.7
37 Other 865.0 883.6 890.1 (r)
38 Consumer 318.2 322.5 324.3 (r)
39 Credit cards
and related
plans 150.3 149.8 150.5
40 Other 167.9 172.7 173.8 (r)
41 Security (3) 7.5 7.4 7.8
42 Other loans and
leases 97.4 100.3 102.2
43 Interbank loans 97.0 92.9 99.9
44 Cashassets (4) 111.6 112.2 112.3 (r)
45 Other assets (5) 150.1 152.8 153.6 (r)
46 Total assets (6) 2,613.1 2,653.1 2,675.2
Liabilities
47 Deposits 2,025.6 2,042.4 2,059.2
48 Transaction 305.1 309.0 310.0
49 Nontransaction 1,720.5 1,733.3 1,749.3
50 Large time 302.5 306.5 308.2
51 Other 1,417.9 1,426.9 1,441.1
52 Borrowings 383.3 391.2 393.6 (r)
53 From banks n the
U.S 166.5 167.0 166.3
54 From others 216.8 224.2 227.3 (r)
55 Net due to related
foreign offices 9.7 11.6 1.7
56 Other liabilities 71.8 74.0 74.4
57 Total liabilities 2,490.4 2,519.3 2,538.9 (r)
58 Residual (assets
less liabilities)
(7) 122.7 133.8 136.3
Monthly averages
Account 2002 2002
July Aug. Aug. 7
Seasonally adjusted
Wednesday figures
Assets
1 Bank credit 2,354.1 (r) 2,380.8 2,370.7
2 Securities in
bank credit 644.5 650.1 649.5
3 U.S. government
securities 432.8 438.0 437.0
4 Other
securities 211.7 212.1 212.5
5 Loans andleases in
bank credit (2) 1,709.6 (r) 1,730.7 1,721.2
6 Commercial and
industrial 304.8 (r) 307.3 306.6
7 Real estate 969.7 (r) 982.1 978.0
8 Revolving home
equity 71.0 72.8 72.3
9 Other 898.7 (r) 909.2 905.7
10 Consumer 324.7 (r) 329.5 325.6
11 Security (3) 8.2 8.4 8.2
12 Other loans and
leases 102.2 103.5 102.6
13 Interbank loans 109.7 113.1 106.7
14 Cashassets (4) 115.7 117.8 116.7
15 Other assets (5) 155.3 (r) 162.0 159.9
16 Total assets (6) 2,703.7 2,742.1 2,722.8
Liabilities
17 Deposits 2,084.8 2,109.3 2,098.7
18 Transaction 317.0 313.3 299.3
19 Nontransaction 1,767.9 1,796.0 1,799.3
20 Large time 306.3 306.8 307.4
21 Other 1,461.6 1,489.1 1,492.0
22 Borrowings 397.7 412.2 399.9
23 From banks in the
U.S 171.6 179.6 175.1
24 From others 226.2 (r) 232.6 224.8
25 Net due to related
foreign offices 9.8 8.5 8.5
26 Other liabilities 74.3 76.8 75.7
27 Total liabilities 2,566.7 (r) 2,606.6 (r) 2,582.7
28 Residual (assets
less liabilities)
(7) 137.0 (r) 135.5 (r) 140.1
Not seasonally adjusted
Assets
29 Bank credit 234,8 (r) 2,377.8 2,364.6
30 Securities in bank
credit 642.4 647.7 646.9
31 U.S. government
securities 430.6 (r) 435.6 434.4
32 Other securities 211.7 212.1 212.5
33 Loans and leases
in bank credit
(2) 1,706.4 (r) 1,730.0 1,171.7
34 Commercial and
industrial 305.4 (r) 305.8 305.5
35 Real estate 968.8 (r) 982.7 977.3
36 Revolving home
equity 70.6 72.6 71.9
37 Other 898.2 (r) 910.1 905.4
38 Consumer 320.7 (r) 328.2 321.8
39 Credit cards
and related
plans 146.2 152.8 147.3
40 Other 174.4 175.5 174.6
41 Security (3) 8.0 8.4 8.4
42 Other loans and
leases 103.5 105.0 104.7
43 Interbank loans 104.8 111.2 109.7
44 Cashassets (4) 113.8 (r) 114.2 112.4
45 Other assets (5) 155.3 (r) 162.0 159.9
46 Total assets (6) 2,691.6 2,733.6 2,715.3
Liabilities
47 Deposits 2,072.6 (r) 2,093.2 2,093.2
48 Transaction 314,4 (r) 309.6 297.0
49 Nontransaction 1,758.2 1,783.6 1,792.9
50 Large time 306.3 307.4 306.5
51 Other 1,451.9 1,476.7 1,485.5
52 Borrowings 397.7 412.2 399.9
53 From banks n the
U.S 171.6 179.6 175.1
54 From others 226.2 (r) 232.6 224.8
55 Net due to related
foreign offices 9.8 8.5 8.5
56 Other liabilities 74.3 76.8 75.7
57 Total liabilities 2,554.5 (r) 2,590.5 2,574.0
58 Residual (assets
less liabilities)
(7) 137.2 143.1 141.3
Wednesday figures
Account 2002
Aug. 14 Aug. 21 Aug. 28
Seasonally adjusted
Assets
1 Bank credit 2,373.1 2,383.0 2,389.2
2 Securities in
bank credit 648.3 649.6 650.4
3 U.S. government
securities 434.9 436.5 439.9
4 Other
securities 213.3 213.1 210.5
5 Loans andleases in
bank credit (2) 1,724.9 1,733.3 1,738.8
6 Commercial and
industrial 307.4 307.2 307.7
7 Real estate 979.5 982.3 984.9
8 Revolving home
equity 72.5 72.9 73.2
9 Other 907.0 909.5 911.7
10 Consumer 326.7 331.6 333.0
11 Security (3) 8.3 8.5 8.7
12 Other loans and
leases 102.9 103.8 104.5
13 Interbank loans 112.3 114.0 120.0
14 Cashassets (4) 115.6 117.9 119.3
15 Other assets (5) 167.5 160.9 158.8
16 Total assets (6) 2,737.1 2,744.1 2,755.4
Liabilities
17 Deposits 2,106.5 2,106.8 2,116.6
18 Transaction 307.1 317.2 333.2
19 Nontransaction 1,799.4 1,789.6 1,783.3
20 Large time 306.5 306.6 306.5
21 Other 1,492.9 1,482.9 1,476.8
22 Borrowings 409.1 414.2 422.5
23 From banks in the
U.S 176.3 181.4 185.1
24 From others 232.7 232.8 237.4
25 Net due to related
foreign offices 7.8 10.2 7.6
26 Other liabilities 76.6 77.1 77.5
27 Total liabilities 2,600.0 2,608.3 2,624.1
28 Residual (assets
less liabilities)
(7) 137.2 135.8 131.2
Not seasonally adjusted
Assets
29 Bank credit 2,370.9 2,379.7 2,388.3
30 Securities in bank
credit 645.8 646.8 649.0
31 U.S. government
securities 432.5 433.6 438.5
32 Other securities 213.3 213.1 210.5
33 Loans and leases
in bank credit
(2) 1,725.1 1,732.9 1,739.3
34 Commercial and
industrial 306.3 305.6 305.7
35 Real estate 980.9 983.0 986.6
36 Revolving home
equity 72.3 72.6 73.1
37 Other 908.6 910.3 913.4
38 Consumer 324.9 330.9 333.6
39 Credit cards
and related
plans 149.8 155.1 157.6
40 Other 175.1 175.8 176.0
41 Security (3) 8.3 8.3 8.3
42 Other loans and
leases 104.7 105.2 105.1
43 Interbank loans 111.0 110.2 111.4
44 Cashassets (4) 111.3 111.8 114.1
45 Other assets (5) 167.5 160.9 158.8
46 Total assets (6) 2,729.2 2,730.9 2,740.6
Liabilities
47 Deposits 2,091.4 2,084.9 2,089.9
48 Transaction 303.2 310.3 326.3
49 Nontransaction 1,788.2 1,774.4 1,763.6
50 Large time 306.6 306.5
51 Other 1,481.7 1,486.0 1,457.1
52 Borrowings 409.1 414.2 422.5
53 From banks n the
U.S 176.3 181.4 185.1
54 From others 232.7 232.8 237.4
55 Net due to related
foreign offices 7.8 10.2 7.6
56 Other liabilities 76.6 77.1 77.5
57 Total liabilities 2,584.9 2,586.4 2,597.4
58 Residual (assets
less liabilities)
(7) 144.4 144.5 143.2
Footnotes appear on p. A21.
E. Foreign-related institutions
Billions of dollars
Monthly averages
Account 2001 2002
Aug. Feb. Mar.
Seasonally adjusted
Assets
1 Bank credit 598.3 (r) 585.0 (r) 591.7 (r)
2 Securities in bank
credit 225.6 (r) 226.1 (r) 223.9 (r)
3 U.S. government
securities 68.7 (r) 72.6 (r) 75.4 (r)
4 Other securities 156.9 (r) 153.5 (r) 148.5 (r)
5 Loans and leases in
bank credit 372.7 358.9 367.8
6 Commercial and
industrial 203.0 197.1 200.2
7 Real estate 18.3 18.4 18.9
8 Securitys 83.5 73.9 78.5
9 Other loans and
leases 67.9 69.5 70.3
10 Interbank loans 20.0 19.9 20.5
11 Cash assets (4) 36.4 41.8 43.9
12 Other assets (5) 29.9 31.7 29.9
13 Total assets (6) 684.3 (r) 678.1 (r) 685.6 (r)
Liabilities
14 Deposits 406.5 476.5 490.6
15 Transaction 9.8 10.3 10.1
15 Nontransaction 396.6 466.2 480.5
17 Borrowings 207.3 191.1 187.5
18 From banks in the
U.S 20.7 23.1 21.7 (r)
19 From others 186.7 168.0 165.8 (r)
20 Net due to related
foreign offices -10.2 -73.1 -71.5
21 Other liabilities 80.7 77.5 69.0
22 Total liabilities 684.3 672.0 675.6
23 Residual (assets
less liabilities)
(7) -.1 6.1 (r) 10.0 (r)
Not seasonally adjusted
Assets
24 Bank credit 592.4 (r) 589.0 (r) 591.6 (r)
25 Securities in bank
credit 225.6 (r) 226.1 (r) 223.9 (r)
26 U.S. government
securities 68.7 (r) 72.6 (r) 75.4 (r)
27 Trading
account 10.5 9.1 9.0
28 Investment
account 58.7 63.5 (r) 66.4 (r)
29 Other securities 156.9 (r) 153.5 (r) 148.5 (r)
30 Trading
account 110.2 100.9 96.9
31 Investment
account 46.7 (r) 52.5 (r) 51.6 (r)
32 Loans andleases in
bank credit (2) 366.7 362.9 367.7
33 Commercial and
industrial 201.3 198.6 201.5
34 Real estate 18.3 18.4 18.9
35 Security (3) 80.5 76.3 76.2
36 Other loans and
leases 66.7 69.6 71.1
37 Interbank loans 20.0 19.9 20.5
38 Cash assets (4) 35.3 42.7 42.8
39 Other assets (5) 29.5 32.3 30.7
40 Total assets (6) 676.8 (r) 683.6 (r) 685.3 (r)
Liabilities
41 Deposits 394.6 482.0 492.7 (r)
42 Transaction 9.6 10.5 9.9
43 Nontransaction 385.1 471.5 482.9
44 Borrowings 207.3 191.1 187.5
45 Frombanks in the
U.S 20.7 23.1 21.7 (r)
46 From others 186.7 168.0 165.8 (r)
47 Net due to related
foreign offices -12.3 -70.4 -68.5
48 Other liabilities 79.8 78.6 70.2
49 Total liabilities 669.4 681.3 682.0
50 Residual (assets
less liabilities)
(7) 7.4 (r) 2.2 (r) 3.3 (r)
Monthly averages
Account 2002
Apr. (r) May (r) June
Seasonally adjusted
Assets
1 Bank credit 598.2 598.3 607.6
2 Securities in bank
credit 224.9 228.0 232.6
3 U.S. government
securities 76.7 76.9 77.0
4 Other securities 148.2 151.1 155.6
5 Loans and leases in
bank credit 373.3 370.3 375.0
6 Commercial and
industrial 198.1 198.6 195.5
7 Real estate 19.4 19.4 19.8
8 Securitys 84.5 81.1 87.2
9 Other loans and
leases 71.3 71.2 72.4
10 Interbank loans 22.0 23.7 20.9
11 Cash assets (4) 46.2 44.2 43.9
12 Other assets (5) 31.3 31.8 34.9
13 Total assets (6) 697.3 697.5 706.9
Liabilities
14 Deposits 507.1 508.4 509.6
15 Transaction 10.5 10.9 10.9
15 Nontransaction 496.6 497.5 498.7
17 Borrowings 191.5 192.7 198.1
18 From banks in the
U.S 22.5 21.5 22.2
19 From others 169.0 171.2 175.9
20 Net due to related
foreign offices -73.6 -87.6 -84.7
21 Other liabilities 67.3 70.6 78.6
22 Total liabilities 692.2 684.1 701.6
23 Residual (assets
less liabilities)
(7) 5.1 13.4 5.3
Not seasonally adjusted
Assets
24 Bank credit 598.3 594.3 604.5
25 Securities in bank
credit 224.9 228.0 232.6
26 U.S. government
securities 76.7 76.9 77.0
27 Trading
account 9.5 10.2 10.6
28 Investment
account 67.2 66.7 66.5
29 Other securities 148.2 151.1 155.6
30 Trading
account 96.4 98.6 103.4
31 Investment
account 51.8 52.5 52.2
32 Loans andleases in
bank credit (2) 373.4 366.3 371.9
33 Commercial and
industrial 196.8 196.3 194.4
34 Real estate 19.4 19.4 19.8
35 Security (3) 85.1 79.9 85.6
36 Other loans and
leases 72.0 70.7 72.1
37 Interbank loans 22.0 23.7 20.9
38 Cash assets (4) 44.3 42.7 41.9
39 Other assets (5) 31.1 31.8 33.4
40 Total assets (6) 695.3 692.1 700.4
Liabilities
41 Deposits 510.9 513.5 507.8
42 Transaction 10.0 10.5 10.6
43 Nontransaction 500.9 503.0 497.1
44 Borrowings 191.5 192.7 198.1
45 Frombanks in the
U.S 22.5 21.5 22.2
46 From others 169.0 171.2 175.9
47 Net due to related
foreign offices -75.5 -87.7 -87.3
48 Other liabilities 66.6 70.6 77.3
49 Total liabilities 693.5 689.1 695.9
50 Residual (assets
less liabilities)
(7) 1.7 3.0 4.5
Monthly averages
Account 2002 2002
July Aug. Aug. 7
Seasonally adjusted
Assets
1 Bank credit 610.0 618.6 623.2
2 Securities in bank
credit 229.2 238.8 242.0
3 U.S. government
securities 73.6 80.4 80.0
4 Other securities 155.6 158.4 162.0
5 Loans and leases in
bank credit 380.8 379.8 381.3
6 Commercial and
industrial 193.8 192.5 195.0
7 Real estate 20.2 20.2 20.4
8 Securitys 92.4 93.0 90.5
9 Other loans and
leases 74.4 74.1 75.4
10 Interbank loans 18.1 19.0 17.3
11 Cash assets (4) 43.6 43.4 44.3
12 Other assets (5) 36.7 36.8 36.2
13 Total assets (6) 708.1 717.4 720.7
Liabilities
14 Deposits 505.3 498.3 493.4
15 Transaction 10.6 10.9 11.5
15 Nontransaction 494.7 487.4 481.9
17 Borrowings 208.3 220.2 219.3
18 From banks in the
U.S 22.1 23.3 20.8
19 From others
20 Net due to related
foreign offices -90.7 -88.9 -76.1
21 Other liabilities 85.0 91.0 92.4
22 Total liabilities 707.9 720.6 729.0
23 Residual (assets
less liabilities)
(7) .1 -3.2 -8.3
Not seasonally adjusted
Assets
24 Bank credit 603.8 612.3 618.4
25 Securities in bank
credit 229.2 238.8 242.0
26 U.S. government
securities 73.6 80.4 80.0
27 Trading
account 10.8 13.1 13.2
28 Investment
account 62.8 67.3 66.8
29 Other securities 155.6 158.4 162.0
30 Trading
account 107.6 109.4 113.9
31 Investment
account 47.9 49.0 48.1
32 Loans andleases in
bank credit (2) 374.6 373.4 376.4
33 Commercial and
industrial 192.5 190.9 193.2
34 Real estate 20.2 20.2 20.4
35 Security (3) 89.0 89.5 89.1
36 Other loans and
leases 73.0 72.8 73.7
37 Interbank loans 18.1 19.0 17.3
38 Cash assets (4) 41.8 42.1 42.8
39 Other assets (5) 35.3 36.2 35.3
40 Total assets (6) 698.7 709.2 713.3
Liabilities
41 Deposits 496.2 483.8 480.2
42 Transaction 10.6 10.7 11.2
43 Nontransaction 485.6 473.2 469.1
44 Borrowings 208.3 220.2 219.3
45 Frombanks in the
U.S 22.1 23.3 20.8
46 From others 186.2 196.9 198.5
47 Net due to related
foreign offices -94.4 -90.8 -81.4
48 Other liabilities 82.9 89.8 89.3
49 Total liabilities 693.0 703.1 707.5
50 Residual (assets
less liabilities)
(7) 5.7 6.1 5.8
Wednesday figures
Account 2002
Aug. 14 Aug. 21 Aug. 28
Seasonally adjusted
Assets
1 Bank credit 619.6 614.3 614.9
2 Securities in bank
credit 241.6 235.9 234.7
3 U.S. government
securities 80.0 78.5 81.5
4 Other securities 161.6 157.4 153.2
5 Loans and leases in
bank credit 378.0 378.4 380.2
6 Commercial and
industrial 192.1 191.9 191.7
7 Real estate 20.2 20.1 20.3
8 Securitys 91.2 93.7 94.6
9 Other loans and
leases 74.5 72.8 73.7
10 Interbank loans 16.4 19.1 21.6
11 Cash assets (4) 43.7 41.9 43.3
12 Other assets (5) 41.5 35.6 33.7
13 Total assets (6) 720.9 710.6 713.1
Liabilities
14 Deposits 500.2 500.4 499.9
15 Transaction 10.6 10.1 11.0
15 Nontransaction 489.6 490.2 488.9
17 Borrowings 222.9 213.6 219.3
18 From banks in the
U.S 24.1 20.3 25.6
19 From others
20 Net due to related
foreign offices -93.2 -90.6 -94.4
21 Other liabilities 95.7 90.9 85.3
22 Total liabilities 725.5 714.3 710.1
23 Residual (assets
less liabilities)
(7) -4.6 -3.7 3.0
Not seasonally adjusted
Assets
24 Bank credit 614.9 607.2 607.7
25 Securities in bank
credit 241.6 235.9 234.7
26 U.S. government
securities 80.0 78.5 81.5
27 Trading
account 12.7 12.8 13.2
28 Investment
account 67.3 65.7 68.3
29 Other securities 161.6 157.4 153.2
30 Trading
account 112.1 107.9 104.4
31 Investment
account 49.6 49.5 48.8
32 Loans andleases in
bank credit (2) 373.3 371.3 373.0
33 Commercial and
industrial 190.9 190.6 189.5
34 Real estate 20.2 20.1 20.3
35 Security (3) 89.2 89.2 90.5
36 Other loans and
leases 73.0 71.4 72.7
37 Interbank loans 16.4 19.1 21.6
38 Cash assets (4) 42.3 40.7 42.1
39 Other assets (5) 40.3 34.8 33.8
40 Total assets (6) 713.6 701.5 704.8
Liabilities
41 Deposits 484.3 485.0 487.1
42 Transaction 10.4 9.9 10.7
43 Nontransaction 473.9 475.1 476.4
44 Borrowings 222.9 213.6 219.3
45 Frombanks in the
U.S 24.1 20.3 25.6
46 From others 198.8 193.3 193.7
47 Net due to related
foreign offices -94.7 -92.9 -93.4
48 Other liabilities 94.7 89.5 85.9
49 Total liabilities 707.2 695.3 698.9
50 Residual (assets
less liabilities)
(7) 6.4 6.2 5.9
F Memo items
Billions of dollars
Monthly averages
Account 2001 2002
Aug. Feb. Mar.
Not seasonally adjusted
MEMO
Large domestically
chartered banks,
adjusted for
mergers
1 Revaluation gains on
off-balance-sheet
items (8) 91.5 81.7 73.2
2 Revaluation losses
on off-balance-
sheet items (8) 78.4 59.4 52.5
3 Mortgage-backed
secunties (9) 267.9 296.6 298.5
4 Pass-through 204.5 201.6 201.3
5 CMO, REMIC, and
other 63.4 95.0 97.2
6 Net unrealized gains
(losses) on
available-for-sale
securities (10) 5.1 3.5 3.3
7 Off-shore credit to
U.S. residentslt
(11) 19.6 19.7 19.6
8 Securitized consumer
loans (12) 98.1 94.5 95.8
9 Credit cards and
related plans 87.5 83.8 83.6
10 Other 10.6 10.7 12.3
11 Securitized business
loans (12) 19.8 19.4 17.7
Small domestically
chartered
commercial
banks, adjusted
for mergers
12 Mortgage-backed
securities (9) 241.7 280.8 283.9
13 Securitized consumer
loans (12) 233.7 250.0 247.0
14 Credit cards and
related plans 225.5 242.4 239.5
15 Other 8.2 7.6 7.5
Foreign-related
institutions
16 Revaluation gains
on off-balance-
sheet items (8) 60.9 52.2 46.8
17 Revaluation losses
on off-balance-
sheet items (8) 56.8 48.0 40.6
18 Securitized business
loans (12) 12.2 (r) 11.57 11.1 (r)
Monthly averages
Account 2002
Apr. May June
Not seasonally adjusted
MEMO
Large domestically
chartered banks,
adjusted for
mergers
1 Revaluation gains on
off-balance-sheet
items (8) 73.3 80.8 92.9
2 Revaluation losses
on off-balance-
sheet items (8) 57.5 61.7 75.2
3 Mortgage-backed
secunties (9) 303.6 307.7 313.6
4 Pass-through 203.2 210.4 224.6
5 CMO, REMIC, and
other 100.4 97.3 89.0
6 Net unrealized gains
(losses) on
available-for-sale
securities (10) 2.3 5.0 7.1
7 Off-shore credit to
U.S. residentslt
(11) 19.7 19.6 19.6
8 Securitized consumer
loans (12) 96.2 96.3 100.2
9 Credit cards and
related plans 84.3 84.9 88.1
10 Other 11.9 11.5 12.2
11 Securitized business
loans (12) 17.1 16.7 16.6
Small domestically
chartered
commercial
banks, adjusted
for mergers
12 Mortgage-backed
securities (9) 287.5 300.3 301.7
13 Securitized consumer
loans (12) 246.8 248.7 249.8
14 Credit cards and
related plans 239.0 241.1 242.8
15 Other 7.9 7.5 7.0
Foreign-related
institutions
16 Revaluation gains
on off-balance-
sheet items (8) 46.2 49.5 (r) 54.5 (r)
17 Revaluation losses
on off-balance-
sheet items (8) 39.8 42.4 48.5
18 Securitized business
loans (12) 10.5 (r) 9.7 (r) 9.1 (r)
Monthly averages
Account 2002 2002
July Aug. Aug. 7
Not seasonally adjusted
MEMO
Large domestically
chartered banks,
adjusted for mergers
1 Revaluation gains on
off-balance-sheet
items (8) 105.8 112.2 103.7
2 Revaluation losses
on off-balance-
sheet items (8) 89.2 93.7 88.0
3 Mortgage-backed
secunties (9) 320.2 338.1 334.9
4 Pass-through 236.3 253.4 249.5
5 CMO, REMIC, and
other 84.0 84.6 85.4
6 Net unrealized gains
(losses) on
available-for-sale
securities (10) 8.8 9.8 9.6
7 Off-shore credit to
U.S. residentslt
(11) 19.1 19.0 19.2
8 Securitized consumer
loans (12) 104.0 102.3 102.8
9 Credit cards and
related plans 88.9 87.1 87.7
10 Other 15.1 15.1 15.1
11 Securitized business
loans (12) 17.0 17.7 17.3
Small domestically
chartered
commercial
banks, adjusted
for mergers
12 Mortgage-backed
securities (9) 302.37 304.0 304.0
13 Securitized consumer
loans (12) 245.8 244.1 246.0
14 Credit cards and
related plans 242.3 241.0 242.9
15 Other 3.5 3.1 3.1
Foreign-related
institutions
16 Revaluation gains
on off-balance-
sheet items (8) 60.1 (r) 64.2 65.
17 Revaluation losses
on off-balance-
sheet items (8) 55.7 (r) 63.1 64.2
18 Securitized business
loans (12) 8.6 (r) 8.3 8.4
Wednesday figures
Account 2002
Aug. 14 Aug. 21 Aug. 28
Not seasonally adjusted
MEMO
Large domestically
chartered banks,
adjusted for
mergers
1 Revaluation gains on
off-balance-sheet
items (8) 116.7 112.4 110.6
2 Revaluation losses
on off-balance-
sheet items (8) 98.2 92.7 90.8
3 Mortgage-backed
secunties (9) 329.4 339.6 343.9
4 Pass-through 244.7 255.8 260.5
5 CMO, REMIC, and
other 84.8 83.8 83.4
6 Net unrealized gains
(losses) on
available-for-sale
securities (10) 9.9 9.7 9.0
7 Off-shore credit to
U.S. residentslt
(11) 19.0 19.3 18.6
8 Securitized consumer
loans (12) 102.4 102.4 101.9
9 Credit cards and
related plans 87.2 87.2 86.8
10 Other 15.2 15.2 15.1
11 Securitized business
loans (12) 17.3 18.1 18.0
Small domestically
chartered
commercial
banks, adjusted
for mergers
12 Mortgage-backed
securities (9) 301.1 303.6 304.9
13 Securitized consumer
loans (12) 245.3 242.8 242.6
14 Credit cards and
related plans 242.2 239.7 239.6
15 Other 3.1 3.1 3.0
Foreign-related
institutions
16 Revaluation gains
on off-balance-
sheet items (8) 66.7 63.7 61.1
17 Revaluation losses
on off-balance-
sheet items (8) 66.6 62.3 59.5
18 Securitized business
loans (12) 8.4 8.5 8.1
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 acquring bank. Balance sheet data for acquired
banks are obtained from Call Reports, and a ratio procedure is used
to adjust past levels.
(2.) Excludes federal funds sold to, reverse RPs with, and loans made
to commercial banks in the United States, all of which are included in
"Interbank loans."
(3.) Consists of reverse RPs with brokers and dealers and loans to
purchase and carry securities.
(4.) Includes vault cash, cash items in process of collection, balances
due from depository institutions, and balances due from Federal Reserve
Banks.
(5.) Excludes the due-from position with related foreign offices, which
is included in "Net due to related foreign offices."
(6.) Excludes unearned income, reserves for losses on loans and leases,
and reserves for transfer risk. Loans are reported gross of these items.
(7.) This balancing item is not intended as a measure of equity capital
for use in capital adequacy analysis. On a seasonally adjusted basis,
this item reflects any differences in the seasonal patterns estimated
for total assets and total liabilities.
(8.) Fair value of derivative contracts (interest rate, foreign exchange
rate, other commodity and equity contracts) in a gain/loss position, as
determined under FASB Interpretation No. 39.
(9.) Includes mortgage-backed securities issued by U.S. government
agencies, U.S. government-sponsored enterprises, and private entities.
(10.) Difference between fair value and historical cost for securities
classified as available-for-sale under FASB Statement No. 115.
Data are reported net of tax effects. Data shown are restated to include
an estimate of these tax effects.
(11.) Mainly commercial and industrial loans but also includes an
unknown amount of credit extended to other than nonfinancial
businesses.
(12.) Total amount outstanding.
1.32 COMMERCIAL PAPER OUTSTANDING
Millions of dollars, seasonally adjusted, end of period
Year ending December
Item
1997 1998 1999
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
Item
2000 2001
1 All issuers 1,615,341 1,438,764
Financial companies
(1)
2 Dealer-placed paper
total (2) 973,060 989,364
3 Directly placed
paper, total (3) 298,848 224,553
4 Nonfinancial
companies (4) 343,433 224,847
2000
Item
Feb. Mar. Apr.
1 All issuers 1,402,875 1,358,114 1,351,516
Financial companies
(1)
2 Dealer-placed paper
total (2) 984,441 964,070 972,268
3 Directly placed
paper, total (3) 218,266 205,292 196,056
4 Nonfinancial
companies (4) 200,168 188,753 183,192
2002
Item
May June July
1 All issuers 1,366,259 1,327,569 1,345,922
Financial companies
(1)
2 Dealer-placed paper
total (2) 989,957 986,489 959,798
3 Directly placed
paper, total (3) 199,572 169,193 206,942
4 Nonfinancial
companies (4) 176,730 171,887 179,182
(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 Rate Period Average Period Average
of rate rate
change
1999--Jan. 1 7.75 1999 8.00 2000--Jan 8.50
July 1 8.00 2000 9.23 Feb 8.73
Aug. 25 8.25 2001 6.91 Mar 8.83
Nov. 17 8.50 Apr 9.00
1999--Jan 7.75 May 9.24
2000--Feb. 3 8.75 Feb 7.75 June 9.50
Mar. 22 9.00 Mar 7.75 July 9.50
May 17 9.50 Apr 7.75 Aug 9.50
May 7.75 Sept 9.50
2001--Jan. 4 9.00 June 7.75 Oct 9.50
Feb. 1 8.50 July 8.00 Nov 9.50
Mar. 21 8.00 Aug 8.06 Dec 9.50
Apr. 19 7.50 Sept 8.25
May 16 7.00 Oct 8.25
June 28 6.75 Nov 8.37
Aug. 22 6.50 Dec 8.50
Sept. 18 6.00
Oct. 3 5.50
Nov. 7 5.00
Dec. 12 4.75
Date Period Average
of rate
change
1999--Jan. 1 2001--Jan 9.05
July 1 Feb 8.50
Aug. 25 Mar 8.32
Nov. 17 Apr 7.80
May 7.24
2000--Feb. 3 June 6.98
Mar. 22 July 6.75
May 17 Aug 6.67
Sept. 6.28
2001--Jan. 4 Oct 5.53
Feb. 1 Nov 5.10
Mar. 21 Dec 4.84
Apr. 19
May 16 2002--Jan 4.75
June 28 Feb 4.75
Aug. 22 Mar 4.75
Sept. 18 Apr 4.75
Oct. 3 May 4.75
Nov. 7 June 4.75
Dec. 12 July 4.75
Aug 4.75
Sept 4.75
(1.) The prime rate is one of several base rates that banks use to price
short-term business loans. The table shows the date on which a new
rate came to be the predominant one quoted by a majority of the
twenty-five largest banks by asset size, based on the most recent Call
Report. Data in this table also appear in the Board's H.15 (519) weekly
and G.13 (415) monthly statistical releases. For ordering address, see
inside front cover.
1.35 INTEREST RATES Money and Capital Markets
Percent per year; figures are averages of business day data unless
otherwise noted
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
US. Treasury bills
Secondary market
(3,5)
13 4-week n.a. n.a. 2.43
14 3-month 4.64 5.82 3.40
15 6-month 4.75 5.90 3.34
U.S. TREASURY
NOTES AND BONDS
Constant maturities
(9)
16 1-year 5.08 6.11 3.49
17 2-year 5.43 6.26 3.83
18 3-year 5.49 6.22 4.09
19 5-year 5.55 6.16 4.56
20 7-year 5.79 6.20 4.88
21 10-year 5.65 6.03 5.02
22 20-year 6.20 6.23 5.63
Treasury long-term
average (10,11)
23 25 years and above n.a. n.a. n.a.
STATE AND LOCAL
NOTES AND BONDS
Moody's series (12)
24 Aaa 5.28 5.58 4.99
25 Baa 5.70 6.19 5.75
26 Bond Buyer series
(13) 5.43 5.71 5.15
CORPORATE BONDS
27 Seasoned issues, all 7.45 7.98 7.49
industries (14)
Rating group
28 Aaa (15) 7.05 7.62 7.08
29 Aa 7.36 7.83 7.26
30 A 7.53 8.11 7.67
31 Baa 7.88 8.37 7.95
MEMO
Dividend-price
ratio (16)
32 Common stocks 1.25 1.15 1.32
2002
Item
May June July Aug.
MONEY MARKET
INSTRUMENTS
1 Federal funds
(1,2,3) 1.75 1.75 1.73 1.74
2 Discount window
borrowing (2,4) 1.25 1.25 1.25 1.25
Commercial paper
(3,5,6)
Nonfinancial
3 1-month 1.75 1.74 1.74 1.72
4 2-month 1.76 1.74 1.74 1.70
5 3-month 1.78 1.76 1.75 1.70
Financial
6 1-month 1.76 1.75 1.74 1.72
7 2-month 1.77 1.77 1.75 1.72
8 3-month 1.80 1.78 1.76 1.71
Certificates of
deposit,
secondary
market (3,7)
9 1-month 1.80 1.80 1.78 1.76
10 3-month 1.82 1.81 1.79 1.73
11 6-month 1.93 1.92 1.84 1.72
12 Eurodollar deposits, 1.82 1.81 1.78 1.72
3-month (3,8)
US. Treasury bills
Secondary market
(3,5)
13 4-week 1.71 1.69 1.69 1.66
14 3-month 1.73 1.70 1.68 1.62
15 6-month 1.86 1.79 1.70 1.60
U.S. TREASURY
NOTES AND BONDS
Constant maturities
(9)
16 1-year 2.35 2.20 1.96 1.76
17 2-year 3.26 2.99 2.56 2.13
18 3-year 3.80 3.49 3.01 2.52
19 5-year 4.49 4.19 3.81 3.29
20 7-year 4.90 4.60 4.30 3.88
21 10-year 5.16 4.93 4.65 4.26
22 20-year 5.81 5.65 5.51 5.19
Treasury long-term
average (10,11)
23 25 years and above 5.79 5.66 5.54 5.23
STATE AND LOCAL
NOTES AND BONDS
Moody's series (12)
24 Aaa 5.03 4.92 4.81 4.78
25 Baa 5.79 5.70 5.55 5.53
26 Bond Buyer series
(13) 5.19 5.09 5.02 4.95
CORPORATE BONDS
27 Seasoned issues, all 7.37 7.22 7.14 6.93
industries (14)
Rating group
28 Aaa (15) 6.75 6.63 6.53 6.37
29 Aa 7.20 7.07 6.98 6.84
30 A 7.43 7.24 7.15 6.95
31 Baa 8.09 7.95 7.90 7.58
MEMO
Dividend-price
ratio (16)
32 Common stocks 1.48 1.58 1.76 1.72
2002, week ending
Item
Aug. 2 Aug. 9 Aug. 16 Aug. 23 Aug. 30
MONEY MARKET
INSTRUMENTS
1 Federal funds
(1,2,3) 1.72 1.74 1.72 1.73 1.76
2 Discount window
borrowing (2,4) 1.25 1.25 1.25 1.25 1.25
Commercial paper
(3,5,6)
Nonfinancial
3 1-month 1.75 1.70 1.71 1.72 1.72
4 2-month 1.73 1.69 1.68 1.70 1.72
5 3-month 1.75 1.67 1.69 1.70 1.72
Financial
6 1-month 1.74 1.70 1.71 1.72 1.75
7 2-month 1.75 1.70 1.69 1.71 1.74
8 3-month 1.75 1.69 1.68 1.71 1.75
Certificates of
deposit,
secondary
market (3,7)
9 1-month 1.77 1.74 1.74 1.76 1.78
10 3-month 1.77 1.70 1.70 1.73 1.76
11 6-month 1.79 1.68 1.68 1.73 1.76
12 Eurodollar deposits, 1.75 1.69 1.68 1.72 1.76
3-month (3,8)
US. Treasury bills
Secondary market
(3,5)
13 4-week 1.68 1.66 1.65 1.65 1.68
14 3-month 1.66 1.59 1.61 1.61 1.65
15 6-month 1.65 1.55 1.59 1.62 1.64
U.S. TREASURY
NOTES AND BONDS
Constant maturities
(9)
16 1-year 1.82 1.67 1.76 1.81 1.80
17 2-year 2.24 2.04 2.14 2.18 2.19
18 3-year 2.68 2.46 2.51 2.56 2.56
19 5-year 3.53 3.29 3.25 3.32 3.29
20 7-year 4.09 3.90 3.82 3.90 3.84
21 10-year 4.52 4.35 4.18 4.24 4.21
22 20-year 5.44 5.30 5.13 5.17 5.12
Treasury long-term
average (10,11)
23 25 years and above 5.48 5.34 5.16 5.19 5.15
STATE AND LOCAL
NOTES AND BONDS
Moody's series (12)
24 Aaa 4.78 4.88 4.76 4.79 4.71
25 Baa 5.50 5.61 5.50 5.53 5.49
26 Bond Buyer series
(13) 5.00 4.99 4.89 4.97 4.91
CORPORATE BONDS
27 Seasoned issues, all 7.08 7.00 6.87 6.93 6.90
industries (14)
Rating group
28 Aaa (15) 6.54 6.45 6.31 6.33 6.33
29 Aa 6.93 6.85 6.78 6.86 6.84
30 A 7.08 7.00 6.86 6.98 6.94
31 Baa 7.78 7.69 7.53 7.55 7.51
MEMO
Dividend-price
ratio (16)
32 Common stocks 1.72 1.79 1.71 1.65 1.71
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 on trades a weighted
average of rates on trades through New York brokers.
(2.) Weekly figures are averages of seven calendar days, ending on
Wednesday of the current week; monthly figures include each calendar
day in the month,
(3.) Annualized using a 360-day year or bank interest.
(4.) Rate for the Federal Reserve Bank of New York.
(5.) Quoted on a discount basis.
(6. )Interest rates interpolated from data on certain commercial paper
trades settled by the Depository Trust Company. The trades represent
sales of commercial paper by dealers or direct issuers to investors
(that is, the offer side). See the Board's Commercial Paper web pages
(http://www.federalreserve.gov/releases/cp) for more information.
(7.) An average of dealer offering rates on nationally traded
certificates of deposit.
(8.) Bid rates for eurodollar deposits collected around 9:30 a.m.
Eastern time. Data are for indication purposes only.
(9.) Yields on actively traded issues adjusted to constant maturities.
(10.) Based on the unweighted average of the bid yields for all Treasury
fixed-coupon securities with remaining terms to maturity of 25 years
and over.
(11.) A factor for adjusting the daily long-term average in order to
estaimate a 30-year rate can be found at
http://www.treas.gov/offices/domestic-finance/debt-managementlinterest-
rate/ltcompositeindex.html.
(12.) General obligation bonds based on Thursday figures; Moody's
Investors Service.
(13.) State and local government general obligation bonds maturing in
twenty years are used in compiling this index. The twenty-bond index
has a rating roughly equivalent to Moodys' A1 rating. Based on
Thursday figures.
14. Daily figures are averages of Aaa, Aa, A, and Baa yields from
Moody's Investors Service. Based on yields to maturity on selected
long-term bonds.
15. Effective December 7, 2001, the Moody's Aaa yield includes yields
only for industri firms. Prior to December 7, 2001, the Aaa yield
represented both utilities and industrial.
16. Standard & Poor's corporate series. Common stock ratio is based
on the 500 stocks in the price index.
SOURCE: U.S. Department of the Treasury.
1.36 STOCK MARKET Selected Statistics
2001
Indicator 1999 2000 2001 Dec.
Prices and trading volume (averages of
daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange
(Dec. 31, 1965
= 50) 619.52 643.71 606.03 582.82
2 Industrial 775.29 809.40 749.46 727.67
3 Transportation 491.62 414.73 444.45 433.70
4 Utility 284.82 478.99 377.72 325.33
5 Finance 530.97 552.48 596.61 585.47
6 Standard & Poor's
Corporation
(1941-43 = 10) 1,327.33 1,427.22 1,194.18 1,144.93
7 American Stock
Exchange
(Aug. 31, 1973=
50) (2) 770.90 922.22 879.08 828.19
Volume of trading
(thousands of
shares)
8 New York Stock
Exchange 799,554 1,026,867 1,216,529 1,240,245
9 American Stock
Exchange 32,629 51,437 68,074 53,337
Customer financing (millions of dollars,
end-of-period balances)
10. Margin credit at
broker-dealers
(3) 228,530 198,790 150,450 150,450
Free credit balance
at brokers (4)
11 Margin accounts (5) 55,130 100,680 101,640 101,640
12 Cash accounts 79,070 84,400 78,040 78,040
Margin requirements (percent of market value
Fand effective date) (6)
Mar. 11, 1968 June 8, 1968
13 Margin stocks 70 80
14 Convertible bonds 50 60
15 Short sales 70 80
2002
Indicator
Jan. Feb. Mar. Apr.
Prices and trading volume (averages of
daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange
(Dec. 31, 1965
= 50) 581.74 569.55 600.74 587.58
2 Industrial 723.56 715.80 751.79 732.71
3 Transportation 446.13 453.51 490.51 470.00
4 Utility 322.92 301.32 316.25 300.57
5 Finance 591.94 570.18 609.72 610.24
6 Standard & Poor's
Corporation
(1941-43 = 10) 1,140.21 1,100.67 1,153.79 1,112.03
7 American Stock
Exchange
(Aug. 31, 1973=
50) (2) 835.02 845.81 891.08 915.09
Volume of trading
(thousands of
shares)
8 New York Stock
Exchange 1,401,913 1,362,830 1,321,351 1,280,714
9 American Stock
Exchange 55,151 55,657 56,375 n.a.
Customer financing (millions of dollars,
end-of-period balances)
10. Margin credit at
broker-dealers
(3) 150,390 147,030 149,370 150,940
Free credit balance
at brokers (4)
11 Margin accounts (5) 97,330 99,350 93,700 92,140
12 Cash accounts 75,110 72,730 69,790 68,540
Margin requirements (percent of market value
Fand effective date) (6)
May 6, 1970 Dec. 6, 1971
13 Margin stocks 65 55
14 Convertible bonds 50 50
15 Short sales 65 55
2002
Indicator
May June July Aug.
Prices and trading volume (averages of
daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange
(Dec. 31, 1965
= 50) 575.75 544.36 486.11 491.84
2 Industrial 718.12 677.58 603.04 611.34
3 Transportation 459.55
4 Utility 287.10 265.21 230.21 225.52
5 Finance 603.15 577.05 524.01 533.60
6 Standard & Poor's
Corporation
(1941-43 = 10) 1,079.27 1,014.05 903.59 912.55
7 American Stock
Exchange
(Aug. 31, 1973=
50) (2) 935.10 911.59 840.76 843.89
Volume of trading
(thousands of
shares)
8 New York Stock
Exchange 1,215,786 1,539,282 1,848,962 1,317,105
9 American Stock
Exchange n.a. n.a. n.a. n.a.
Customer financing (millions of dollars,
end-of-period balances)
10. Margin credit at
broker-dealers
(3) 150,860 146,270 136,160 132,800
Free credit balance
at brokers (4)
11 Margin accounts (5) 92,950 95,830 98,080 95,400
12 Cash accounts 66,120 68,280 68,860 63,700
Margin requirements (percent of market value
Fand effective date) (6)
Nov. 24, 1972 Jan. 3, 1974
13 Margin stocks 65 50
14 Convertible bonds 50 50
15 Short sales 65 50
(1.) In July 1976 a financial group, composed of banks and insurance
companies, was added to the group of stocks on which the index is
based. The index is now based on 400 industrial stocks (formerly 425),
20 transportation (formerly 15 rail), 40 public utility (formerly 60),
and 40 financial,
(2.) On July 5, 1983, the American Stock Exchange rebased its index,
effectively cutting previous readings in half.
(3.) Since July 1983, under the revised Regulation T, margin credit at
broker-dealers has included credit extended against stocks, convertible
bonds, stocks acquired through the exercise of subscription rights,
corporate bonds, and government securities. Separate reporting of data
for margin stocks, convertible bonds, and subscription issues was
discontinued in April 1984.
(4.) Free credit balances are amounts in accounts with no unfulfilled
commitments to brokers and are subject to withdrawal by customers on
demand.
(5.) Series initiated in June 1984.
(6.) Margin requirements, stated in regulations adopted by the Board of
Governors pursuant to the Securities Exchange Act of 1934, limit the
amount of credit that can be used to purchase and carry "margin
securities" (as defined in the regulations) when such credit is
collateralized by securities. Margin requirements on securities are
the difference between the market value (100 percent) and the maximum
loan value of collateral as prescribed by the Board. Regulation T was
adopted effective Oct. 15, 1934; Regulation U, effective May 1,1936;
Regulation G, effective Mar. 11, 1968; and Regulation X, effective
Nov. 1, 1971.
On Jan. 1, 1977, the Board of Governors for the first time established
in Regulation T the initial margin required for writing options on
securities, setting it at 30 percent of the current market value of the
stock underlying the option. On Sept. 30, 1985, the Board changed the
required initial margin, allowing it to be the same as the option
maintenance margin required by the appropriate exchange or
self-regulatory organization; such maintenance margin rules must be
approved by the Securities and Exchange Commission.
1.40 FEDERAL DEBT SUBJECT TO STATUTORY LIMITATION
Billions of dollars, end of month
Item 2000
June 30 Sept. 30 Dec. 31
1 Federal debt outstanding 5,714.2 5,701.9 5,803.5
2 Public debt securities 5,685.9 5,674.2 5,662.2
3 Held by public 3,495.7 3,438.5 3,527.4
4 Held by agencies 2,190.2 2,235.7 2,248.7
5 Agency securities 28.3 27.7 27.4
6 Held by public 28.2 27.6 27.3
7 Held by agencies .1 .1 .1
8 Debt subject to statutory
limit 5,600.6 5,591.6 5,580.5
9 Public debt securities 5,600.5 5,591.4 5,580.2
10 Other debt (1) .2 .2 .2
MEMO
11 Statutory debt limit 5,950.0 5,950.0 5,950.0
Item 2001
Mar. 31 June 30 Sept. 30 Dec. 31
1 Federal debt outstanding 5,800.6 5,753.9 5,834.5 5,970.3
2 Public debt securities 5,773.7 5,726.8 5,807.5 5,943.4
3 Held by public 3,434.4 3,274.2 3,338.7 3,393.8
4 Held by agencies 2,339.4 2,452.6 2,468.8 2,549.7
5 Agency securities 26.8 27.1 27.0 26.8
6 Held by public 26.8 27.1 27.0 26.8
7 Held by agencies .1 .0 .0 .0
8 Debt subject to statutory
limit 5,692.5 5,645.0 5,732.6 5,871.4
9 Public debt securities 5,692.3 5,644.8 5,732.4 5,871.2
10 Other debt (1) .2 .2 .2 .3
MEMO
11 Statutory debt limit 5,950.0 5,950.0 5,950.0 5,950.0
Item 2002
Mar. 31 June 30
1 Federal debt outstanding 6,032.4 6,153.3
2 Public debt securities 6,006.0 6,126.5
3 Held by public 3,443.7 3,463.5
4 Held by agencies 2,562.4 2,662.9
5 Agency securities 26.4 26.8
6 Held by public 26.4 26.8
7 Held by agencies .0 .0
8 Debt subject to statutory
limit 5,935.1 6,058.3
9 Public debt securities 5,935.0 6,058.1
10 Other debt (1) .2 .2
MEMO
11 Statutory debt limit 5,950.0 6,400.0
1. Consists of guaranteed debt of U.S. Treasury and other federal
agencies, specified participation certificates, notes to international
lending organizations, and District of Columbia stadium bonds.
SOURCE. U.S. Department of the Treasury, Monthly Statement of the
Public Debt of the United States and Monthly Treasury Statement.
1.41 GROSS PUBLIC DEBT OF U.S. TREASURY Types and Ownership
Billions of dollars, end of period
Type and holder 1998 1999 2000
1 Total gross public
debt 5,614.2 5,776.1 5,662.2
By type
2 Interest-bearing 5,605.4 5,766.1 5,618.1
3 Marketable 3,355.5 3,281.0 2,966.9
4 Bills 691.0 737.1 646.9
5 Notes 1,960.7 1,784.5 1,557.3
6 Bonds 621.2 643.7 626.5
7 Inflation-
indexed notes
and bonds (1) 67.6 100.7 121.2
8 Nonmarketable (2) 2,249.9 2,485.1 2,651.2
9 State and local
government
series 165.3 165.7 151.0
10 Foreign issues
(3) 34.3 31.3 27.2
11 Government 34.3 31.3 27.2
12 Public .0 .0 .0
13 Savings bonds
and notes 180.3 179.4 176.9
14 Government
account series
(4) 1,840.0 2,078.7 2,266.1
15 Non-interest-bearing 8.8 10.0 44.2
By holder (5)
16 U.S. Treasury and
other federal
agencies and trust
funds 1,828.1 2,064.2 2,270.1
17 Federal Reserve
Banks (6) 452.1 478.0 511.7
18 Private investors 3,334.0 3,233.9 2,880.4
19 Depository
institutions 237.4 (r) 248.7 (r) 201.5 (r)
20 Mutual funds 253.9 229.1 221.8
21 Insurance
companies 141.7 123.4 110.2
22 State and local
treasuries (7) 269.3 266.8 236.2
Individuals
23 Savings bonds 186.6 186.4 184.8
24 Pension funds 330.2 321.0 (r) 304.1 (r)
25 Private 112.5 109.8 (r) 108.4 (r)
26 State and Local 217.7 211.2 195.7
27 Foreign and
international
(8) 1,278.7 1,268.7 1,034.2 (r)
28 Other
miscellaneous
investors (7,9) 636.3 591.5 (r) 588.3 (r)
2001 2002
Type and holder 2001 Q3 Q4 Q1
1 Total gross public
debt 5,943.4 5,807.5 5,943.4 6,006.0
By type
2 Interest-bearing 5,930.8 5,763.6 5,930.8 5,962.2
3 Marketable 2,982.9 2,897.3 2,982.9 3,003.3
4 Bills 811.3 734.9 811.3 834.4
5 Notes 1,413.9 1,399.6 1,413.9 1,411.7
6 Bonds 602.7 612.9 602.7 596.7
7 Inflation-
indexed notes
and bonds (1) 140.1 134.9 140.1 145.6
8 Nonmarketable (2) 2,947.9 2,866.4 2,947.9 2,958.9
9 State and local
government
series 146.3 146.4 146.3 141.1
10 Foreign issues
(3) 15.4 18.3 15.4 14.6
11 Government 15.4 18.3 15.4 14.6
12 Public .0 .0 .0 .0
13 Savings bonds
and notes 181.5 179.6 181.5 183.6
14 Government
account series
(4) 2,574.8 2,492.1 2,574.8 2,589.7
15 Non-interest-bearing 12.7 43.8 12.7 43.8
By holder (5)
16 U.S. Treasury and
other federal
agencies and trust
funds 2,572.2 2,493.7 2,572.2 2,581.1
17 Federal Reserve
Banks (6) 551.7 534.1 551.7 575.4
18 Private investors 2,819.5 2,779.7 2,819.5 2,849.2
19 Depository
institutions 181.7 189.5 181.7 187.6 (r)
20 Mutual funds 256.8 230.5 256.8 263.4 (r)
21 Insurance
companies 82.4 88.5 82.4 108.4 (r)
22 State and local
treasuries (7) 209.0 208.9 209.0 261.2 (r)
Individuals
23 Savings bonds 190.3 186.4 190.3 191.9
24 Pension funds 289.3 289.4 289.3 293.3 (r)
25 Private 103.3 101.7 103.3 106.3 (r)
26 State and Local 186.0 187.7 186.0 187.0 (r)
27 Foreign and
international
(8) 1,218.1 1,170.1 1,218.1 1,047.5
28 Other
miscellaneous
investors (7,9) 390.8 417.3 390.8 560.7
2002
Type and holder Q2
1 Total gross public
debt 6,126.5
By type
2 Interest-bearing 6,087.0
3 Marketable 3,024.8
4 Bills 822.5
5 Notes 1,446.9
6 Bonds 592.9
7 Inflation-
indexed notes
and bonds (1) 147.5
8 Nonmarketable (2) 3,062.2
9 State and local
government
series 142.8
10 Foreign issues
(3) 13.3
11 Government 13.3
12 Public
13 Savings bonds
and notes 184.8
14 Government
account series
(4) 2,691.4
15 Non-interest-bearing 39.5
By holder (5)
16 U.S. Treasury and
other federal
agencies and trust
funds 2,686.0
17 Federal Reserve
Banks (6) 590.7
18 Private investors 2,849.8 (r)
19 Depository
institutions 204.4
20 Mutual funds 251.8
21 Insurance
companies 110.2
22 State and local
treasuries (7) 270.0
Individuals
23 Savings bonds 192.7
24 Pension funds 297.5
25 Private 107.5
26 State and Local 190.0
27 Foreign and
international
(8) 1,072.4
28 Other
miscellaneous
investors (7,9) n.a.
(1.) The U.S. Treasury first issued inflation-indexed securities during
the first quarter of 1997.
(2.) Includes (not shown separately) securities issued to the Rural
Electrification Administration, depository bonds, retirement plan
bonds, and individual retirement bonds.
(3.) Nonmarketable series denominated in dollars, and series
denominated in foreign currency held by foreigners.
(4.) Held almost entirely by U.S. Treasury and other federal agencies
and trust funds.
(5.) Data for Federal Reserve Banks and U.S. government agencies and
trust funds are actual holdings; data for other groups are Treasury
estimates, unless otherwise noted.
(6.) U.S. Treasury securities bought outright by Federal Reserve Banks,
see Bulletin table 1.18.
(7.) In March 1996, in a redefinition of series, fully defeased debt
backed by nonmarketable federal securities was removed from "Other
miscellaneous investors" and added to "State and local treasuries."
The data shown here have been revised accordingly.
(8.) Includes nonmarketable foreign series Treasury securities and
Treasury deposit funds. Excludes Treasury securities held under
repurchase agreements in custody accounts at the Federal Reserve Bank
of New York.
(9.) Includes individuals, government-sponsored enterprises, brokers
and dealers, bank personal trusts and estates, corporate and
noncorporate businesses, and other investors.
SOURCES. Data by type of security, U.S. Treasury Department, Monthly
Statement of the Public Debt of the United States; data by holder,
Federal Reserve Board of Governors, Flow of Funds Accounts of the
United States and U.S. Treasury Department, Treasury Bulletin, unless
otherwise noted.
1.42 U.S. GOVERNMENT SECURITIES DEALERS Transactions (1)
Millions of dollars, daily averages
2002 2002,
Item week
ending
May June July July 3
By type of security
1 U.S. Treasury bills 42,259 42,869 42,178 42,524
Treasury coupon
securities by
maturity
2 Three years or less 134,554 123,577 135,856 152,765
3 More than three but
less than or equal
to six years 98,161 92,356 107,925 90,966
4 More than six but
less than or equal
to eleven years 69,922 77,695 80,832 65,294
5 More than eleven 17,443 19,744 20,675 19,804
6 Inflation-indexed (2) 1,620 2,460 3,994 2,018
Federal agency and
government-sponsored
enterprises
7 Discount notes 48,181 52,908 55,917 67,247
Coupon securities by
maturity
8 Three years or less 10,179 12,688 12,527 12,123
9 More than three
years but less
than or equal to
six years 9,662 9,209 10,845 7,215
10 More than six years
but less than or
equal to eleven
years 8,446 8,080 9,263 9,474
11 More than eleven
years 1,106 993 966 771
12 Mortgage-backed 135,142 153,644 162,421 124,776
Corporate securities
13 One year or less 100,384 98,759 90,211 94,687
14 More than one year 18,690 18,584 15,545 15,932
By type of counterparty
With interdealer broker
15 U.S. Treasury 166,652 169,496 185,034 174,852
16 Federal agency and
government-sponsored
enterprises 11,669 11,753 12,940 11,925
17 Mortgage-backed 37,136 43,341 44,182 35,673
18 Corporate 425 353 321 241
With other
19 U.S. Treasury 197,306 189,206 206,426 198,518
20 Federal agency and
government-sponsored
enterprises 65,903 72,124 76,577 84,904
21 Mortgage-backed 98,006 110,302 118,239 89,104
22 Corporate 118,649 116,990 105,436 110,377
2002, week ending
Item July 10 July 17 July 24 July 31
By type of security
1 U.S. Treasury bills 38,116 39,389 41,500 48,688
Treasury coupon
securities by
maturity
2 Three years or less 100,311 130,565 153,656 141,638
3 More than three but
less than or equal
to six years 84,996 114,797 111,319 126,178
4 More than six but
less than or equal
to eleven years 67,604 87,747 87,440 87,212
5 More than eleven 14,160 22,912 20,527 24,319
6 Inflation-indexed (2) 9,179 3,567 2,911 2,543
Federal agency and
government-sponsored
enterprises
7 Discount notes 47,908 57,454 51,036 58,870
Coupon securities by
maturity
8 Three years or less 14,129 13,751 12,514 10,277
9 More than three
years but less
than or equal to
six years 5,634 11,843 15,477 11,561
10 More than six years
but less than or
equal to eleven
years 4,781 13,330 8,657 9,260
11 More than eleven
years 359 1,096 1,546 857
12 Mortgage-backed 219,346 202,887 120,813 140,610
Corporate securities
13 One year or less 88,790 94,997 90,912 83,177
14 More than one year 13,336 17,546 13,916 16,710
By type of counterparty
With interdealer broker
15 U.S. Treasury 151,181 193,766 194,089 200,437
16 Federal agency and
government-sponsored
enterprises 9,510 13,180 14,832 14,162
17 Mortgage-backed 50,248 57,597 35,758 39,445
18 Corporate 348 321 361 308
With other
19 U.S. Treasury 163,187 205,211 223,264 230,140
20 Federal agency and
government-sponsored
enterprises 63,300 84,295 74,398 76,663
21 Mortgage-backed 169,099 145,291 85,056 101,165
22 Corporate 101,778 112,222 104,468 99,579
2002, week ending
Item Aug. 7 Aug. 14 Aug. 21 Aug. 28
By type of security
1 U.S. Treasury bills 36,025 47,719 44,464 37,804
Treasury coupon
securities by
maturity
2 Three years or less 118,681 138,667 116,346 143,589
3 More than three but
less than or equal
to six years 139,409 116,080 100,084 82,617
4 More than six but
less than or equal
to eleven years 90,304 106,144 93,992 70,579
5 More than eleven 17,067 25,060 22,049 14,546
6 Inflation-indexed (2) 2,089 2,456 2,111 1,367
Federal agency and
government-sponsored
enterprises
7 Discount notes 52,940 48,736 46,327 50,022
Coupon securities by
maturity
8 Three years or less 14,379 14,713 10,639 13,468
9 More than three
years but less
than or equal to
six years 8,755 11,129 8,056 8,181
10 More than six years
but less than or
equal to eleven
years 7,408 7,048 8,987 5,324
11 More than eleven
years 717 1,085 1,523 1,108
12 Mortgage-backed 179,875 203,676 136,392 118,977
Corporate securities
13 One year or less 91,629 105,965 121,819 102,695
14 More than one year 15,005 14,518 15,718 17,171
By type of counterparty
With interdealer broker
15 U.S. Treasury 187,263 200,780 178,072 157,783
16 Federal agency and
government-sponsored
enterprises 13,188 12,514 9,739 9,004
17 Mortgage-backed 54,652 60,798 40,083 37,085
18 Corporate 294 297 330 339
With other
19 U.S. Treasury 216,311 235,347 200,975 192,719
20 Federal agency and
government-sponsored
enterprises 71,011 70,198 65,793 69,099
21 Mortgage-backed 125,224 142,878 96,309 81,892
22 Corporate 106,340 120,186 137,207 119,528
(1.) The figures represent purchases and sales in the market by the
primary U.S. government securities dealers reporting to the Federal
Reserve Bank of New York. Outright transactions include all U.S.
government, federal agency, government-sponsored enterprise, mortgage-
backed, and corporate securities scheduled for immediate and forward
delivery, as well as all U.S. government securities traded on a
when-issued basis between the announcement and issue date. Data do not
include transactions under repurchase and reverse repurchase (resale)
agreements. Averages are based on the number of trading days in the
week.
(2.) Outright Treasury inflation-indexed securities (TIIS)
transactions are reported at principal value, excluding accrued
interest, where principal value reflects the original issuance par
amount (unadjusted for inflation) times the price times the index
ratio.
NOTE. Major changes in the report form filed by primary dealers induced
a break in the dealer data series as of the week ending July 4, 2001.
Current weekly data may be found at the Federal Reserve Bank of New
York web site (http:www.newyorkfed.org/pihome/statistics) under the
Primary Dealer heading.
1.43 U.S. GOVERNMENT SECURITIES DEALERS Positions and Financing (1)
Millions of dollars
2002
Item, by type of security May June July
Net outright positions (2)
1 U.S. Treasury bills 22,905 13,975 18,313
Treasury coupon
securities by
maturity
2 Three years or less -24,473 -21,351 -21,724
3 More than three
years but less
than or equal to
six year -27,550 -24,943 -27,887
4 More than six but
less than or equal
to eleven years -16,183 -19,472 -18,793
5 More than eleven 6,289 6,658 9,643
6 Inflation-indexed 2,915 3,518 2,095
Federal agency and
government-sponsored
enterprises
7 Discount note 47,436 44,125 43,513
Coupon securities,
by maturity
8 Three years or less 9,452 12,609 13,689
9 More than three
years but less
than or equal to
six years 4,179 2,630 2,940
10 More than six but
less than or equal
to eleven years 1,030 2,511 2,518
11 More than eleven 2,561 2,584 1,843
12 Mortgage-backed 15,647 19,395 27,103
Corporate securities
13 One year or less 27,019 30,969 26,671 (r)
14 More than one year 39,534 45,463 50,029
Financing (3)
Securities in, U.S.
Treasury
15 Overnight and continuing 586,624 566,475 597,214
16 Term 712,275 769,738 783,021
Federal agency and
government-sponsored
enterprises
17 Overnight and continuing 148,895 149,080 148,869
18 Term 275,496 266,594 286,823
Mortgage-backed
securities
19 Overnight and continuing 36,628 35,635 36,290
20 Term 253,236 254,824 265,468
Corporate securities
21 Overnight and continuing 49,713 49,156 49,918
22 Term 22,917 23,012 21,166
MEMO
Reverse repurchase
agreements
23 Overnight and continuing 408,714 396,527 423,236
24 Term 1,139,996 1,173,796 1,208,829
Securities out. U.S.
Treasury
25 Overnight and continuing 534,630 522,398 544,079
26 Term 680,497 721,751 741,879
Federal agency and
government-sponsored
enterprises
27 Overnight and continuing 256,367 260,537 269,456
28 Term 221,338 205,253 214,229
Mortgage-backed
securities
29 Overnight and continuing 302,627 287,396 306,489
30 Term 166,212 184,380 176,112
Corporate securities
31 Overnight and continuing 123,628 128,188 129,395
32 Term 19,597 17,131 16,983
MEMO
Repurchase agreements
33 Overnight and continuing 1,056,125 1,035,629 1,079,724
34 Term 1,066,219 1,102,716 1,122,435
2002, week ending
Item, by type of security July 3 July 10 July 17
Net outright positions (2)
1 U.S. Treasury bills 8,868 16,884 17,279
Treasury coupon
securities by
maturity
2 Three years or less -20,047 -22,437 -28,724
3 More than three
years but less
than or equal to
six year -24,857 -22,925 -23,997
4 More than six but
less than or equal
to eleven years -18,752 -19,833 -19,614
5 More than eleven 7,688 8,489 10,140
6 Inflation-indexed 3,906 3,318 1,265
Federal agency and
government-sponsored
enterprises
7 Discount note 50,618 44,020 43,859
Coupon securities,
by maturity
8 Three years or less 14,286 14,172 14.056
9 More than three
years but less
than or equal to
six years 1,732 8,141 3,271
10 More than six but
less than or equal
to eleven years 3,401 1,117 1,730
11 More than eleven 2,070 1,908 1,812
12 Mortgage-backed 22,116 27,164 25,245
Corporate securities
13 One year or less 33,370 28,252 26,962
14 More than one year 52,265 52,602 150,393
Financing (3)
Securities in, U.S.
Treasury
15 Overnight and continuing 555,857 587,888 613,957
16 Term 749,817 727,356 758,677
Federal agency and
government-sponsored
enterprises
17 Overnight and continuing 149,900 147,914 151,401
18 Term 283,851 280,315 287,632
Mortgage-backed
securities
19 Overnight and continuing 30,801 33,235 36,144
20 Term 252,635 255,477 274,247
Corporate securities
21 Overnight and continuing 49,200 50,774 48,712
22 Term 21,535 20,810 21,079
MEMO
Reverse repurchase
agreements
23 Overnight and continuing 381,447 405,952 431,424
24 Term 1,161.538 1,144,058 1,202,275
Securities out. U.S.
Treasury
25 Overnight and continuing 504,077 527,431 561,001
26 Term 709,228 700,678 717,149
Federal agency and
government-sponsored
enterprises
27 Overnight and continuing 263,671 266,776 274,937
28 Term 226,159 209,311 216,174
Mortgage-backed
securities
29 Overnight and continuing 269,064 296,081 342,966
30 Term 192,133 169,120 187,028
Corporate securities
31 Overnight and continuing 130,693 126,186 129,953
32 Term 19,000 17,106 16,571
MEMO
Repurchase agreements
33 Overnight and continuing 996,430 1,049,049 1,131,294
34 Term 1,120,303 1,070,350 1,112,471
2002, week ending
Item, by type of security July 24 July 31 Aug. 7
Net outright positions (2)
1 U.S. Treasury bills 23,562 19,575 21,804
Treasury coupon
securities by
maturity
2 Three years or less -15,164 -21,290 -18,298
3 More than three
years but less
than or equal to
six year -32,405 -33,519 -34,974
4 More than six but
less than or equal
to eleven years -18,688 -17,054 -10,130
5 More than eleven 9,678 11,101 9,739
6 Inflation-indexed 1,151 1,872 427
Federal agency and
government-sponsored
enterprises
7 Discount note 41,810 41,320 45,472
Coupon securities,
by maturity
8 Three years or less 12,278 13,994 13,339
9 More than three
years but less
than or equal to
six years 6,027 2,165 2,684
10 More than six but
less than or equal
to eleven years 3,015 3,830 3,695
11 More than eleven 1,750 1,803 1,629
12 Mortgage-backed 30,461 27,6811 24,872
Corporate securities
13 One year or less 25,152 23,446 23,171
14 More than one year 49,544 46,617 49,486
Financing (3)
Securities in, U.S.
Treasury
15 Overnight and continuing 602,485 602,249 627,604
16 Term 807,840 852,442 892,391
Federal agency and
government-sponsored
enterprises
17 Overnight and continuing 148,447 147,273 151,416
18 Term 294,440 286,177 290,934
Mortgage-backed
securities
19 Overnight and continuing 41,628 36,506 36,092
20 Term 271,403 266,246 275,831
Corporate securities
21 Overnight and continuing 50,524 49,970 50,259
22 Term 20,904 21,711 22,798
MEMO
Reverse repurchase
agreements
23 Overnight and continuing 422,482 450,997 451,401
24 Term 1,248,130 1,261,119 1,335,463
Securities out. U.S.
Treasury
25 Overnight and continuing 552,710 552,316 576,449
26 Term 762,330 801,354 846,923
Federal agency and
government-sponsored
enterprises
27 Overnight and continuing 269,801 268,788 270,219
28 Term 223,054 203,265 220,026
Mortgage-backed
securities
29 Overnight and continuing 313,583 289,367 295,699
30 Term 176,471 164,965 168,548
Corporate securities
31 Overnight and continuing 132,098 128,788 129,994
32 Term 16,048 17,344 18,816
MEMO
Repurchase agreements
33 Overnight and continuing 1,097,921 1,076,329 1,106,192
34 Term 1,149,245 1,158,587 1,223,800
2002, week ending
Item, by type of security Aug. 14 Aug. 21
Net outright positions (2)
1 U.S. Treasury bills 10,124 4,213
Treasury coupon
securities by
maturity
2 Three years or less -23,284 -27,236
3 More than three
years but less
than or equal to
six year -31,241 -27,298
4 More than six but
less than or equal
to eleven years -9,182 -10.234
5 More than eleven 10,112 9,266
6 Inflation-indexed 1,711 1,980
Federal agency and
government-sponsored
enterprises
7 Discount note 50,153 50,376
Coupon securities,
by maturity
8 Three years or less 16,620 12,840
9 More than three
years but less
than or equal to
six years 4,583 4,032
10 More than six but
less than or equal
to eleven years 3,035 1,957
11 More than eleven 2,947 2,002
12 Mortgage-backed 22,143 16,190
Corporate securities
13 One year or less 29,677 26,343
14 More than one year 48,898 46,666
Financing (3)
Securities in, U.S.
Treasury
15 Overnight and continuing 631,026 625,728
16 Term 908,520 787,326
Federal agency and
government-sponsored
enterprises
17 Overnight and continuing 153,828 148,786
18 Term 305,585 294.282
Mortgage-backed
securities
19 Overnight and continuing 40,775 42,019
20 Term 283,351 269,615
Corporate securities
21 Overnight and continuing 51,977 52,702
22 Term 22,740 22,913
MEMO
Reverse repurchase
agreements
23 Overnight and continuing 460,869 456,568
24 Term 1,373,965 1,227,783
Securities out. U.S.
Treasury
25 Overnight and continuing 592,700 589,659
26 Term 861,847 724,309
Federal agency and
government-sponsored
enterprises
27 Overnight and continuing 297,144 274,500
28 Term 227,274 221,624
Mortgage-backed
securities
29 Overnight and continuing 330,789 318,907
30 Term 168,327 177,169
Corporate securities
31 Overnight and continuing 139,215 131,917
32 Term 17,765 18,123
MEMO
Repurchase agreements
33 Overnight and continuing 1,188,133 1,157,495
34 Term 1,246,563 1,110,449
(1.) Data for positions and financing are obtained from reports
submitted to the Federal Reserve Bank of New York by the U.S.
government securities dealers on its published list of primary dealers.
Weekly figures are close-of-business Wednesday data. Positions for
calendar days of the report week are assumed to be constant. Monthly
averages are based on the number of calendar days in the month.
(2.) Net outright positions include all U.S. government, federal
agency, government-sponsored enterprise, mortgage-backed, and corporate
securities scheduled for immediate and forward delivery, as well as
U.S. government securities traded on a when-issued basis between the
announcement and issue date.
(3.) Figures cover financing U.S. government, federal agency,
government-sponsored enterprise, mortgage-backed, and corporate
securities. Financing transactions for Treasury inflation-indexed
securities (TIIS) are reported in actual funds paid or received, except
for pledged securities. TIIS that are issued as pledged securities are
reported at par value, which is the value of the security at original
issuance (unadjusted for inflation).
NOTE. Major changes in the report form filed by primary dealers
included a break in many series as of the week ending July 4, 2001.
Current weekly data may be found at the Federal Reserve Bank of New
York web site (http://www.newyorkfed.org/pihome/statistics) under the
Primary Dealer heading.
1.44 FEDERAL AND FEDERALLY SPONSORED CREDIT AGENCIES Debt Outstanding
Millions of dollars, end of period
Agency 1998 1999 2000
1 Federal and federally
sponsored agencies 1,296,477 1,616,492 1,851,632
2 Federal agencies 26,502 26,376 25,666
3 Defense Department
(1) 6 6 6
4 Export-Import Bank
(2,3) n.a. n.a. n.a.
5 Federal Housing
Administration (4) 205 126 255
6 Government National
Mortgage Association
certificates of
participation (5) n.a. n.a. n.a.
7 Postal Service (6) n.a. n.a. n.a.
8 Tennessee Valley
Authority 26,496 26,370 25,660
9 United States Railway
Association (6) n.a. n.a. n.a.
10 Federally sponsored
agencies (7) 1,269,975 1,590,116 1,825,966
11 Federal Home Loan
Banks 382,131 529,005 594,404
12 Federal Home Loan
Mortgage
Corporation 287,396 360,711 426,899
13 Federal National
Mortgage Association 460,291 547,619 642,700
14 Farm Credit Banks (8) 63,488 68,883 74,181
15 Student Loan Marketing
Association (9) 35,399 41,988 45,375
16 Financing Corporation
(10) 8,170 8,170 8,170
17 Farm Credit Financial
Assistance
Corporation (11) 1,261 1,261 1,261
18 Resolution Funding
Corporation (12) 29,996 29,996 29,996
MEMO
19 Federal Financing Bank
debt (13) 44,129 42,152 40,575
Lending to federal and
federally sponsored
agencies
20 Export-Import Bank (3) n.a. n.a. n.a.
21 Postal Service (6) n.a. n.a. n.a.
22 Student Loan Marketing
Association n.a. n.a. n.a.
23 Tennessee Valley
Authority n.a. n.a. n.a.
24 United States Railway
Association (6) n.a. n.a. n.a.
Other lending (14)
25 Farmers Home
Administration 9,500 6,665 5,275
26 Rural Electrification
Administration 14,091 14,085 13,126
27 Other 20,538 21,402 22,174
2002
Agency 2001 Feb. Mar.
1 Federal and federally
sponsored agencies 2,121,057 2,139,397 2,169,030
2 Federal agencies 276 169 172
3 Defense Department
(1) 6 6 6
4 Export-Import Bank
(2,3) n.a. n.a. n.a.
5 Federal Housing
Administration (4) 26,828 26,431 26,379
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 270 163 166
9 United States Railway
Association (6) n.a. n.a. n.a.
10 Federally sponsored
agencies (7) 2,120,781 2,139,228 2,168,858
11 Federal Home Loan
Banks 623,740 619,541 625,849
12 Federal Home Loan
Mortgage
Corporation 565,071 584,476 603,447
13 Federal National
Mortgage Association 763,500 765,200 769,800
14 Farm Credit Banks (8) 76,673 76,929 79,002
15 Student Loan Marketing
Association (9) 48,350 50,500 48,200
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 39,144 38,027
Lending to federal and
federally sponsored
agencies
20 Export-Import Bank (3) n.a. n.a. n.a.
21 Postal Service (6) n.a. n.a. n.a.
22 Student Loan Marketing
Association n.a. n.a. n.a.
23 Tennessee Valley
Authority n.a. n.a. n.a.
24 United States Railway
Association (6) n.a. n.a. n.a.
Other lending (14)
25 Farmers Home
Administration n.a. n.a. n.a.
26 Rural Electrification
Administration 13,876 14,015 14,055
27 Other 25,220 25,129 23,972
2002
Agency Apr. May June
1 Federal and federally 2,144,106 2,150,724 2,161,580
sponsored agencies
188 208 223
2 Federal agencies
3 Defense Department 6 6 6
(1)
4 Export-Import Bank n.a. n.a. n.a.
(2,3)
5 Federal Housing 26,331 26,450 26,826
Administration (4)
6 Government National
Mortgage Association
certificates of n.a. n.a. n.a.
participation (5) n.a. n.a. n.a.
7 Postal Service (6)
8 Tennessee Valley 182 202 217
Authority
9 United States Railway n.a. n.a. n.a.
Association (6)
10 Federally sponsored 2,143,918 2,150,516 2,161,357
agencies (7)
11 Federal Home Loan 637,963 640,222 643,102
Banks
12 Federal Home Loan
Mortgage 596,800 601,037 601,363
Corporation
13 Federal National 783,100 782,000 789,000
Mortgage Association 79,186 80,258 80,951
14 Farm Credit Banks (8)
15 Student Loan Marketing 49,500 (r) 48,900 (r) 49,600
Association (9)
16 Financing Corporation 8,170 8,170 8,170
(10)
17 Farm Credit Financial
Assistance 1,261 1,261 1,261
Corporation (11)
18 Resolution Funding 29,996 29,996 29,996
Corporation (12)
MEMO
19 Federal Financing Bank 37,639 37,175 37,091
debt (13)
Lending to federal and
federally sponsored
agencies n.a. n.a. n.a.
20 Export-Import Bank (3) n.a. n.a. n.a.
21 Postal Service (6)
22 Student Loan Marketing n.a. n.a. n.a.
Association
23 Tennessee Valley n.a. n.a. n.a.
Authority
24 United States Railway n.a. n.a. n.a.
Association (6)
Other lending (14)
25 Farmers Home n.a. n.a. n.a.
Administration
26 Rural Electrification 14,053 14,184 14,301
Administration 23,586 22,991 22,790
27 Other
(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.
1.45 NEW SECURITY ISSUES Tax-Exempt State and Local Governments
Millions of dollars
2002
Type of issue or issuer, 1999 2000 2001
or use Jan.
1 All issues, new and
refunding (1) 215,427 180,403 270,566 20,523
By type of issue
2 General obligation 73,308 64,475 100,519 8,157
3 Revenue 142,120 115,928 170,047 12,366
By type of issuer
4 State 16,376 19,944 30,099 1,826
5 Special district or
statutory
authority (2) 152,418 111,695 179,427 (r) 14,369
6 Municipality, county,
or township 46,634 39,273 61,040 4,329
7 Issues for new
capital 161,065 154,257 192,161 14,631
By use of proceeds
8 Education 36,563 38,665 50,054 4,138
9 Transportation 17,394 19,730 21,411 1,079
10 Utilities and
conservation 15,098 11,917 21,917 1,711
11 Social welfare n.a. n.a. n.a. n.a.
12 Industrial aid 9,099 7,122 6,607 539
13 Other purposes 47,896 47,309 55,733 4,639
Type of issue or issuer, 2002
or use Feb. Mar. Apr. May June
1 All issues, new and
refunding (1) 20,175 23,842 23,261 32,858 36,315
By type of issue
2 General obligation 8,652 10,269 8,559 10,446 16,166
3 Revenue 11,523 13,574 14,702 22,413 20,149
By type of issuer
4 State 3,238 3,265 3,057 1,531 3,718
5 Special district or
statutory
authority (2) 11,950 15,479 15,520 23,866 27,283
6 Municipality, county,
or township 4,987 5,098 4,683 7,461 5,315
7 Issues for new
capital 13,248 16,856 17,115 20,663 23,727
By use of proceeds
8 Education 3,961 5,484 5,279 6,027 7,060
9 Transportation 613 1,633 773 1,795 3,351
10 Utilities and
conservation 1,606 1,290 2,091 1,785 1,087
11 Social welfare n.a. n.a. n.a. n.a. n.a.
12 Industrial aid 125 515 344 614 631
13 Other purposes 4,897 4,894 6,784 6,962 7,653
Type of issue or issuer, 2002
or use July Aug.
1 All issues, new and
refunding (1) 25,771 28,918
By type of issue
2 General obligation 10,130 10,226
3 Revenue 15,642 18,692
By type of issuer
4 State 3,404 3,472
5 Special district or
statutory
authority (2) 16,007 20,144
6 Municipality, county,
or township 6,361 5,302
7 Issues for new
capital 19,189 19,392
By use of proceeds
8 Education 4,205 3,968
9 Transportation 3,251 4,413
10 Utilities and
conservation 1,660 2,806
11 Social welfare n.a. n.a.
12 Industrial aid 760 283
13 Other purposes 5,893 6,537
(1.) Par amounts of long-term issues based on date of sale.
(2.) Includes school districts.
SOURCE. Securities Data Company beginning January 1990; Investment
Dealer's Digest before then.
1.46 NEW SECURITY ISSUES U.S. Corporations
Millions of dollars
Type of issue, offering, 1999 2000 2001
or issuer
1 All issues (1) 1,072,866 942,198 1,382,003
2 Bonds (2) 941,298 807,281 1,253,449
By type of offering
3 Sold in the United
States 818,683 684,484 1,197,060
4 Sold abroad 122,615 122,798 56,389
MEMO
5 Private placements,
domestic 24,703 18,370 8,734
By industry group
6 Nonfinancial 293,963 242,207 445,930
7 Financial 647,335 565,074 807,519
8 Stocks (3) 243,870 (r) 314,132 (r) 232,259 (r)
By type of offering
9 Public 131,568 134,917 128,554
10 Private placement (4) 112,302 (r) 179,215 (r) 103,705 (r)
By industry group
11 Nonfinancial 110,284 18,369 77,577
12 Financial 21,284 16,548 50,977
Type of issue, offering, 2001 2002
or issuer Dec. Jan. Feb. Mar. Apr.
1 All issues (1) 96,576 102,688 86,090 158,904 103,575
2 Bonds (2) 81,339 88,241 79,515 145,984 93,039
By type of offering
3 Sold in the United
States 79,636 79,472 73,474 128,026 88,051
4 Sold abroad 1,703 8,770 6,041 17,958 4,989
MEMO
5 Private placements,
domestic 2,880 0 0 0 0
By industry group
6 Nonfinancial 21,647 18,894 30,770 43,231 34,803
7 Financial 59,692 69,348 48,746 102,753 58,237
8 Stocks (3) 15,237 14,447 6,575 12,920 10,536
By type of offering
9 Public 15,237 14,447 6,575 12,920 10,536
10 Private placement (4) n.a. n.a. n.a. n.a. n.a.
By industry group
11 Nonfinancial 7,771 9,579 4,024 4,893 7,834
12 Financial 7,466 4,868 2,551 8,027 2,702
Type of issue, offering, 2002
or issuer May June July
1 All issues (1) 112,103 42,550 59,058
2 Bonds (2) 103,141 26,014 54,544
By type of offering
3 Sold in the United
States 93,279 26,014 51,182
4 Sold abroad 9,862 0 3,362
MEMO
5 Private placements,
domestic 4,506 3,068 0
By industry group
6 Nonfinancial 19,157 10,317 7,432
7 Financial 83,984 15,698 47,112
8 Stocks (3) 8,962 16,536 4,514
By type of offering
9 Public 8,962 16,536 4,514
10 Private placement (4) n.a. n.a. n.a.
By industry group
11 Nonfinancial 6,633 11,608 1,833
12 Financial 2,329 4,928 2,681
(1.) Figures represent gross proceeds of issues maturing in more than
one year; they are the principal amount or number of units calculated
by multiplying by the offering price. Figures exclude secondary
offerings, employee stock plans, investment companies other than
closed-end, intracorporate transactions, and Yankee bonds. Stock data
include ownership securities issued by limited partnerships.
(2.) Monthly data include 144(a) offerings.
(3.) Monthly data cover only public offerings.
(4.) Data for private placements are not available at a monthly
frequency.
SOURCE. Securities Data Company and the Board of Governors of the
Federal Reserve System.
1.47 OPEN-END INVESTMENT COMPANIES Net Sales and Assets (1)
Millions of dollars
2002
Item 2000 2001 Jan. Feb.
1 Sales of own
shares (2) 2,279,315 1,806,474 171,499 141,463
2 Redemptions of
own shares 2,057,277 1,677,266 138,773 123,013
3 Net sales (3) 222,038 129,208 32,726 18,450
4 Assets (4) 5,123,747 4,689,624 4,667,688 4,623,041
5 Cash (5) 277,386 219,620 240,141 234,510
6 Other 4,846,361 4,470,004 4,427,547 4,388,531
2002
Item Mar. Apr. May June
1 Sales of own
shares (2) 170,326 164,504 154,987 138,520
2 Redemptions of
own shares 130,661 140,524 138,052 144,153
3 Net sales (3) 39,665 23,980 16,935 -5,633
4 Assets (4) 4,814,961 4,704,886 4,693,928 4,434,603
5 Cash (5) 241,078 249,078 243,755 208,390
6 Other 4,573,883 4,455,808 4,450,173 4,226,213
2002
Item July (r) Aug.
1 Sales of own
shares (2) 170,946 151,014
2 Redemptions of
own shares 200,148 136,016
3 Net sales (3) -29,202 14,998
4 Assets (4) 4,124,186 4,171,042
5 Cash (5) 199,586 219,636
6 Other 3,924,600 3,951,406
(1.) Data include stock, hybrid, and bond mutual funds and exclude
money market mutual funds.
(2.) Excludes reinvestment of net income dividends and capital gains
distributions and share issue of conversions from one fund to another
in the same group.
(3.) Excludes sales and redemptions resulting from transfers of shares
into or out of money market mutual funds within the same fund family.
(4.) Market value at end of period, less current liabilities.
(5.) Includes all U.S. Treasury securities and other short-term debt
securities.
SOURCE. Investment Company Institute. Data based on reports of
membership, which comprises substantially all open-end investment
companies registered with the Securities and Exchange Commission. Data
reflect underwritings of newly formed companies after their initial
offering of securities.
1.51 DOMESTIC FINANCE COMPANIES Assets and Liabilities (1)
Billions of dollars, end of period; not seasonally adjusted
2000
Account 1999 2000 2001 Q4
ASSETS
1 Accounts receivable,
gross (2) 845.4 958.7 948.3 958.7
2 Consumer 304.4 328.0 340.1 328.0
3 Business 395.1 458.4 447.0 458.4
4 Real estate 145.8 172.3 161.3 172.3
5 LESS: Reserves for
unearned
income 61.4 69.7 60.6 69.7
6 Reserves for
losses 14.7 16.7 21.0 16.7
7 Accounts receivable,
net 769.3 872.3 866.7 872.3
8 All other 406.6 461.5 523.4 461.5
9 Total assets 1,175.9 1,333.7 1,390.1 1,333.7
LIABILITIES AND CAPITAL
10 Bank loans 35.4 35.9 50.8 35.9
11 Commercial paper 230.4 238.8 158.6 238.8
Debt
12 Owed to parent 87.8 102.5 99.2 102.5
13 Not elsewhere
classified 429.9 502.2 567.4 502.2
14 All other
liabilities 237.8 301.8 325.5 301.8
15 Capital, surplus,
and undivided
profits 154.5 152.5 188.6 152.5
16 Total liabilities
and capital 1,175.9 1,333.7 1,390.1 1,333.7
2001
Account Q1 Q2 Q3 Q4
ASSETS
1 Accounts receivable,
gross (2) 954.5 988.8 967.8 948.3
2 Consumer 319.3 324.6 329.3 340.1
3 Business 459.1 481.9 451.1 447.0
4 Real estate 176.1 182.3 187.4 161.3
5 LESS: Reserves for
unearned
income 69.9 61.5 60.8 60.6
6 Reserves for
losses 17.2 17.4 18.0 21.0
7 Accounts receivable,
net 867.3 909.8 889.0 866.7
8 All other 474.8 458.9 478.7 523.4
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 50.8
11 Commercial paper 180.9 181.6 171.0 158.6
Debt
12 Owed to parent 97.2 93.4 91.7 99.2
13 Not elsewhere
classified 533.8 542.1 555.8 567.4
14 All other
liabilities 325.2 336.3 327.6 325.5
15 Capital, surplus,
and undivided
profits 163.5 170.0 177.2 188.6
16 Total liabilities
and capital 1,342.1 1,368.7 1,367.7 1,390.1
2002
Account Q1 Q2
ASSETS
1 Accounts receivable,
gross (2) 929.9 926.6
2 Consumer 329.8 328.0
3 Business 443.0 440.8
4 Real estate 157.2 157.8
5 LESS: Reserves for
unearned
income 59.5 58.7
6 Reserves for
losses 21.5 22.0
7 Accounts receivable,
net 849.0 845.8
8 All other 515.2 539.6
9 Total assets 1,364.2 1,385.4
LIABILITIES AND CAPITAL
10 Bank loans 49.4 56.9
11 Commercial paper 137.0 129.4
Debt
12 Owed to parent 82.6 82.3
13 Not elsewhere
classified 574.4 598.4
14 All other
liabilities 329.1 328.0
15 Capital, surplus,
and undivided
profits 191.7 190.4
16 Total liabilities
and capital 1,364.2 1,385.4
(1.) Includes finance company subsidiaries of bank holding companies
but not of retailers and banks. Data are amounts carried on the balance
sheets of finance companies; securitized pools are not shown, as they
are not on the books.
(2.) Before deduction for unearned income and losses. Excludes pools of
securitized assets.
1.52 DOMESTIC FINANCE COMPANIES Owned and Managed Receivables (1)
Billions of dollars, amounts outstanding
Type of credit 1999 2000 2001
Seasonally adjusted
1 Total 1,031.2 1,187.0 (r) 1,248.5 (r)
2 Consumer 410.2 465.2 (r) 514.6 (r)
3 Real estate 174.0 198.9 207.7 (r)
4 Business 446.9 522.8 526.2
Not seasonally adjusted
5 Total 1,036.4 1,192.2 (r) 1,253.7
6 Consumer 412.7 468.3 (r) 518.1
7 Motor vehicle
loans 129.2 141.6 173.9
8 Motor vehicle
leases 102.9 108.2 103.5
9 Revolving (2) 32.5 37.6 (r) 31.5
10 Other (3) 39.8 40.7 31.1
Securitized
assets (4)
11 Motor vehicle
loans 73.1 97.1 131.9
12 Motor vehicle
leases 9.7 6.6 6.8
13 Revolving 6.7 19.6 25.0
14 Other 18.8 17.1 14.3
15 Real estate 174.0 198.9 207.7
16 One- to four-
family 108.2 130.6 120.1
17 Other 37.6 41.7 41.2
Securitized real
estate assets
(4)
18 One- to four-
family 28.0 24.7 40.7
19 Other .2 1.9 5.7
20 Business 449.6 525.0 527.9
21 Motor vehicles 69.4 75.5 54.0
22 Retail loans 21.1 18.3 16.1
23 Wholesale loans
(5) 34.8 39.7 20.3
24 Leases 13.6 17.6 17.6
25 Equipment 238.7 283.5 289.4
26 Loans 64.5 70.2 77.8
27 Leases 174.2 213.3 211.6
28 Other business
receivables (6) 87.0 99.4 103.5
Securitized assets
(4)
29 Motor vehicles 31.5 37.8 50.1
30 Retail loans 2.9 3.2 5.1
31 Wholesale loans 26.4 32.5 42.5
32 Leases 2.1 2.2 2.5
33 Equipment 14.6 23.1 23.2
34 Loans 7.9 15.5 16.4
35 Leases 6.7 7.6 6.8
36 Other business
receivables (6) 8.4 5.6 7.7
2002
Type of credit Feb. Mar. Apr. (r)
Seasonally adjusted
1 Total 1,246.5 (r) 1,241.0 (r) 1,238.4
2 Consumer 519.3 (r) 520.0 (r) 521.0
3 Real estate 203.0 (r) 198.3 (r) 196.2
4 Business 524.1 522.7 521.1
Not seasonally adjusted
5 Total 1,247.7 (r) 1,245.8 (r) 1,243.8
6 Consumer 517.7 (r) 515.6 (r) 517.1
7 Motor vehicle
loans 172.5 171.9 168.8
8 Motor vehicle
leases 101.2 97.5 96.8
9 Revolving (2) 28.9 (r) 28.0 (r) 29.7
10 Other (3) 31.8 32.4 32.5
Securitized
assets (4)
11 Motor vehicle
loans 136.8 137.8 142.3
12 Motor vehicle
leases 6.6 6.5 6.3
13 Revolving 26.0 26.5 26.2
14 Other 13.9 15.1 (r) 14.4
15 Real estate 203.0 (r) 198.3 (r) 196.2
16 One- to four-
family 122.2 (r) 120.4 (r) 116.9
17 Other 38.1 36.8 37.2
Securitized real
estate assets
(4)
18 One- to four-
family 40.0 (r) 39.7 (r) 40.8
19 Other 2.8 1.4 1.4
20 Business 527.0 531.9 530.6
21 Motor vehicles 54.3 58.0 57.0
22 Retail loans 16.7 17.1 16.0
23 Wholesale loans
(5) 20.1 22.8 23.0
24 Leases 17.5 18.0 18.0
25 Equipment 285.5 284.2 284.6
26 Loans 78.7 81.5 81.2
27 Leases 206.7 202.7 203.4
28 Other business
receivables (6) 100.8 100.8 104.2
Securitized assets
(4)
29 Motor vehicles 45.4 44.0 44.3
30 Retail loans 3.1 2.3 2.6
31 Wholesale loans 39.6 39.0 39.0
32 Leases 2.7 2.7 2.7
33 Equipment 25.5 25.4 20.8
34 Loans 18.6 18.5 14.2
35 Leases 6.8 6.9 6.7
36 Other business
receivables (6) 15.6 19.5 19.6
2002
Type of credit May (r) June (r) July
Seasonally adjusted
1 Total 1,245.4 1,259.1 1,266.9
2 Consumer 521.8 525.9 526.7
3 Real estate 200.8 203.1 206.7
4 Business 522.8 530.2 533.5
Not seasonally adjusted
5 Total 1,248.5 1,265.3 1,262.2
6 Consumer 517.9 525.7 527.1
7 Motor vehicle
loans 168.7 170.7 172.5
8 Motor vehicle
leases 96.1 92.0 90.6
9 Revolving (2) 30.1 32.1 36.2
10 Other (3) 33.3 33.2 33.0
Securitized
assets (4)
11 Motor vehicle
loans 143.4 147.2 145.0
12 Motor vehicle
leases 6.3 6.2 6.1
13 Revolving 25.8 29.2 28.9
14 Other 14.3 15.0 14.7
15 Real estate 200.8 203.1 206.7
16 One- to four-
family 120.4 121.8 125.7
17 Other 38.1 38.7 38.8
Securitized real
estate assets
(4)
18 One- to four-
family 40.9 40.9 40.6
19 Other 1.4 1.7 1.7
20 Business 529.8 536.5 528.3
21 Motor vehicles 61.1 59.9 56.6
22 Retail loans 16.4 17.0 17.4
23 Wholesale loans
(5) 26.9 25.8 22.3
24 Leases 17.8 17.1 16.9
25 Equipment 281.8 288.0 285.7
26 Loans 79.2 78.9 79.5
27 Leases 202.6 209.2 206.1
28 Other business
receivables (6) 103.0 101.5 102.6
Securitized assets
(4)
29 Motor vehicles 42.4 45.5 41.5
30 Retail loans 2.6 2.4 2.3
31 Wholesale loans 37.1 40.8 36.9
32 Leases 2.7 2.3 2.3
33 Equipment 21.9 21.7 21.6
34 Loans 15.2 15.0 15.0
35 Leases 6.6 6.7 6.7
36 Other business
receivables (6) 19.6 19.9 20.3
NOTE. This table has been revised to incorporate several changes
resulting from the benchmarking of finance company receivables to the
June 1996 Survey of Finance Companies. In that benchmark survey, and in
the monthly surveys that have followed, more detailed breakdowns have
been obtained for some components. In addition, previously unavailable
data on securitized real estate loans are now included in this table.
The new information has resulted in some reclassification of
receivables among the three major categories (consumer, real estate,
and business) and in discontinuities in some component series between
May and June 1996.
Includes finance company subsidiaries of bank holding companies but not
of retailers and banks. Data in this table also appear in the Board's
G.20 (422) monthly statistical release. For ordering address, see
inside front cover.
(1.) Owned receivables are those carried on the balance sheet of the
institution. Managed receivables are outstanding balances of pools upon
which securities have been issued; these balances are no longer carried
on the balance sheets of the loan originator. Data are shown before
deductions for unearned income and losses. Components may not sum to
totals because of rounding.
(2.) Excludes revolving credit reported as held by depository
institutions that are subsidiaries of finance companies.
(3.) Includes personal cash loans, mobile home loans, and loans to
purchase other types of consumer goods, such as appliances, apparel,
boats, and recreation vehicles.
(4.) Outstanding balances of pools upon which securities have been
issued; these balances are no longer carried on the balance sheets of
the loan originator.
(5.) Credit arising from transactions between manufacturers and
dealers, that is, floor plan financing.
(6.) Includes loans on commercial accounts receivable, factored
commercial accounts, and receivable dealer capital; small loans used
primarily for business or farm purposes; and wholesale and lease paper
for mobile homes, campers, and travel trailers.
1.53 MORTGAGE MARKETS Mortgages on New Homes
Millions of dollars except as noted
2002
Item 1999 2000 2001 Feb. Mar.
Terms and yields in primary and secondary
markets
PRIMARY MARKETS
Terms (1)
1 Purchase price
(thousands of
dollars) 210.7 234.5 245.0 250.6 255.6
2 Amount of loan
(thousands of
dollars) 161.7 177.0 184.2 190.1 193.3
3 Loan-to-price
ratio (percent) 78.7 77.4 77.3 78.2 78.2
4 Maturity (years) 28.8 29.2 28.8 28.8 29.1
5 Fees and charges
(percent of
loan amount)
(2) .77 .70 .67 .62 .62
Yield (percent
per year)
6 Contract rate (1) 6.94 7.41 6.90 6.72 6.66
7 Effective rate
(1,3) 7.06 7.52 7.00 6.82 6.76
8 Contract rate
(HUD series)
(4) 7.45 n.a. 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. n.a.
10 GNMA securities
(6) 7.03 7.57 6.36 6.13 6.50
Activity in secondary markets
FEDERAL NATIONAL
MORTGAGE
ASSOCIATION
Mortgage holdings
(end of period)
11 Total 523,941 610,122 n.a. n.a. n.a.
12 FHA/VA insured 55,318 61,539 n.a. n.a. n.a.
13 Conventional 468,623 548,583 n.a. n.a. n.a.
14 Mortgage
transactions
purchased
(during period) 195,210 154,231 270,384 33,249 21,305
Mortgage
commitments
(during period)
15 Issued (7) 187,948 163,689 304,084 19,321 13,340
16 To sell (8) 5,900 11,786 7,586 1,419 1,748
FEDERAL HOME LOAN
MORTGAGE
CORPORATION
Mortgage holdings
(end of period)
(8)
17 Total 324,443 385,693 491,719 522,886 526,107
18 FHA/VA insured 1,836 3,332 3,506 3,387 3,332
19 Conventional 322,607 382,361 488,213 519,499 522,775
Mortgage
transactions
(during period)
20 Purchases 239,793 174,043 n.a. n.a. n.a.
21 Sales 233,031 166,901 389,611 47,473 42,545
22 Mortgage
commitments
contracted
(during period)
(9) 228,432 169,231 417,434 41,442 41.561
2002
Item Apr. May June July Aug.
Terms and yields in primary and secondary
markets
PRIMARY MARKETS
Terms (1)
1 Purchase price
(thousands of
dollars) 262.9 265.0 268.2 268.2 267.5
2 Amount of loan
(thousands of
dollars) 198.9 199.1 201.1 201.6 199.1
3 Loan-to-price
ratio (percent) 77.7 77.2 77.1 77.5 77.3
4 Maturity (years) 28.8 29.0 29.0 29.1 29.0
5 Fees and charges
(percent of
loan amount)
(2) .64 .59 .56 .62 .59
Yield (percent
per year)
6 Contract rate (1) 6.65 6.51 6.38 6.28 6.17
7 Effective rate
(1,3) 6.74 6.59 6.47 6.37 6.26
8 Contract rate
(HUD series)
(4) n.a. n.a. n.a. n.a. n.a.
SECONDARY MARKETS
Yield (percent
per year)
9 FHA mortgages
(section 203)
(5) n.a. n.a. n.a. n.a. n.a.
10 GNMA securities
(6) 6.33 6.21 6.03 5.82 5.53
Activity in secondary markets
FEDERAL NATIONAL
MORTGAGE
ASSOCIATION
Mortgage holdings
(end of period)
11 Total n.a. n.a. n.a. n.a. n.a.
12 FHA/VA insured n.a. n.a. n.a. n.a. n.a.
13 Conventional n.a. n.a. n.a. n.a. n.a.
14 Mortgage
transactions
purchased
(during period) 23,175 17,432 16,310 17,586 23,123
Mortgage
commitments
(during period)
15 Issued (7) 20,203 18,305 24,700 n.a. n.a.
16 To sell (8) 621 124 2,535 n.a. n.a.
FEDERAL HOME LOAN
MORTGAGE
CORPORATION
Mortgage holdings
(end of period)
(8)
17 Total 521,611 515,732 518,816 521,137 525,795
18 FHA/VA insured 3,298 2,571 3,649 n.a. n.a.
19 Conventional 518,313 513,161 515,167 n.a. n.a.
Mortgage
transactions
(during period)
20 Purchases n.a. n.a. n.a. n.a. n.a.
21 Sales 40,704 29,831 30,767 29,335 34,937
22 Mortgage
commitments
contracted
(during period)
(9) 36,368 n.a. n.a. n.a. n.a.
(1.) Weighted averages based on sample surveys of mortgages originated
by major institutional lender groups for purchase of newly built homes;
compiled by the Federal Housing Finance Board in cooperation with the
Federal Deposit Insurance Corporation.
(2.) Includes all fees, commissions, discounts, and "points" paid (by
the borrower or the seller) to obtain a loan.
(3.) Average effective interest rate on loans closed for purchase of
newly built homes, assuming prepayment at the end of ten years.
(4.) Average contract rate on new commitments for conventional first
mortgages; from U.S. Department of Housing and Urban Development (HUD).
Based on transactions on the first day of the subsequent month.
(5.) Average gross yield on thirty-year, minimum-downpayment first
mortgages insured by the Federal Housing Administration (FHA) for
immediate delivery in the private secondary market. Based on
transactions on first day of subsequent month.
(6.) Average net yields to investors on fully modified pass-through
securities backed by mortgages and guaranteed by the Government
National Mortgage Association (GNMA), assuming prepayment in twelve
years on pools of thirty-year mortgages insured by the Federal Housing
Administration or guaranteed by the Department of Veterans Affairs.
(7.) Does not include standby commitments issued, but includes standby
commitments converted.
(8.) Includes participation loans as well as whole loans.
(9.) Includes conventional and government-underwritten loans. The
Federal Home Loan Mortgage Corporation's mortgage commitments and
mortgage transactions include activity under mortgage securities swap
programs, whereas the corresponding data for the Federal National
Mortgage Association exclude swap activity.
1.54 MORTGAGE DEBT OUTSTANDING (1)
Millions of dollars, end of period
Type of holder and 1998 1999 2000
property
1 All holders 5,715,556 (r) 6,320,508 (r) 6,885,322 (r)
By type of property
2 One- to four-family
residences 4,365,968 (r) 4,790,601 (r) 5,203,674 (r)
3 Multifamily
residences 331,602 (r) 369,251 (r) 406,530 (r)
4 Nonfarm, non-
residential 921,482 (r) 1,057,692 (r) 1,166,261 (r)
5 Farm 96,504 (r) 102,964 (r) 108,858 (r)
By type of holder
6 Major financial
institutions 2,194,591 (r) 2,394,271 (r) 2,618,969 (r)
7 Commercial
banks (2) 1,336,996 (r) 1,495,420 (r) 1,660,054 (r)
8 One- to four-
family 797,004 (r) 879,576 (r) 965,635 (r)
9 Multifamily 54,632 (r) 67,665 (r) 77,803 (r)
10 Nonfarm, non-
residential 456,323 (r) 516,333 (r) 582,577 (r)
11 Farm 29,037 (r) 31,846 (r) 34,039 (r)
12 Savings
institutions (3) 643,955 (r) 668,064 (r) 722,974 (r)
13 One- to four-
family 533,501 (r) 548,222 (r) 594,221 (r)
14 Multifamily 57,037 (r) 59,309 (r) 61,258 (r)
15 Nonfarm, non-
residential 53,002 (r) 60,063 (r) 66,965 (r)
16 Farm 414 (r) 470 (r) 529 (r)
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, non-
residential 164,004 179,048 183,757
21 Farm 11,524 12,987 13,600
22 Federal and related
agencies 291,961 (r) 320,054 (r) 344,225 (r)
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, non-
residential 7,705 41,355 41,070
30 Farm 4,513 4,268 4,148
31 Federal Housing
Admin. and Dept.
of Veterans
Affairs 3,674 3,712 3,507
32 One- to four-
family 1,849 1,851 1,308
33 Multifamily 1,825 1,861 2,199
34 Resolution Trust
Corporation 0 0 0
35 One- to four-
family 0 0 0
36 Multifamily 0 0 0
37 Nonfarm, non-
residential 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, non-
residential 233 98 29
43 Farm 0 0 0
44 Federal National
Mortgage
Association 156,023 (r) 149,422 (r) 155,626 (r)
45 One- to four-
family 147,594 141,195 144,150
46 Multifamily 8,429 (r) 8,227 (r) 11,476 (r)
47 Federal Land Banks 32,983 34,187 36,326
48 One- to four-
family 1,941 2,012 2,137
49 Farm 31,042 32,175 34,189
50 Federal Home Loan
Mortgage
Corporation 57,085 56,676 59,240
51 One- to four-
family 49,106 44,321 42,871
52 Multifamily 7,979 12,355 16,369
53 Mortgage pools or
trusts (5) 2,581,297 2,948,245 3,231,415
54 Government
National
Mortgage
Association 537,446 582,263 611,553
55 One- to four-
family 522,498 565,189 592,624
56 Multifamily 14,948 17,074 18,929
57 Federal Home Loan
Mortgage
Corporation 646,459 749,081 822,310
58 One- to four-
family 643,465 744,619 816,602
59 Multifamily 2,994 4,462 5,708
50 Federal National
Mortgage
Association 834,517 960,883 1,057,750
51 One- to four-
family 804,204 924,941 1,016,398
52 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, non-
residential 0 0 0
67 Farm 1 0 0
68 Private mortgage
conduits 562,874 656,018 739,802
69 One- to four-
family (6) 405,153 455,021 499,834
70 Multifamily 33,784 42,293 48,786
71 Nonfarm, non-
residential 123,937 158,700 191,182
72 Farm 0 0 0
73 Individuals and
others (7) 647,708 (r) 657,938 (r) 690,714 (r)
74 One- to four-
family 435,137 (r) 459,385 (r) 490,675 (r)
75 Multifamily 76,320 75,244 (r) 77,006 (r)
16 Nonfarm, non-
residential 116,277 102,092 (r) 100,681 (r)
77 Farm 19,974 21,217 22,352 (r)
Type of holder and 2001
property Q2 Q3 Q4
1 All holders 7,211,919 (r) 7,407,178 (r) 7,589,577 (r)
By type of property
2 One- to four-family
residences 5,457,068 (r) 5,600,299 (r) 5,732,523 (r)
3 Multifamily
residences 426,806 (r) 440,753 (r) 454,715 (r)
4 Nonfarm, non-
residential 1,215,062 (r) 1,251,517 (r) 1,286,011 (r)
5 Farm 112,983 (r) 114,610 (r) 116,329 (r)
By type of holder
6 Major financial
institutions 2,711,268 (r) 2,734,217 (r) 2,791,076 (r)
7 Commercial
banks (2) 1,722,376 (r) 1,736,631 (r) 1,789,819 (r)
8 One- to four-
family 997,206 (r) 987,682 (r) 1,023,851 (r)
9 Multifamily 80,315 (r) 83,949 (r) 84,851 (r)
10 Nonfarm, non-
residential 609,751 (r) 629,624 (r) 645,619 (r)
11 Farm 35,104 (r) 35,375 (r) 35,498 (r)
12 Savings
institutions (3) 751,646 (r) 758,344 (r) 758,236 (r)
13 One- to four-
family 616,004 (r) 620,392 (r) 620,579 (r)
14 Multifamily 63,399 (r) 64,405 (r) 64,592 (r)
15 Nonfarm, non-
residential 71,664 (r) 72,977 (r) 72,534 (r)
16 Farm 578 (r) 569 (r) 531 (r)
17 Life insurance
companies 237,246 (r) 239,243 (r) 243,021 (r)
18 One- to four-
family 5,005 (r) 5,091 (r) 4,931 (r)
19 Multifamily 33,856 (r) 33,885 (r) 35,631 (r)
20 Nonfarm, non-
residential 184,713 (r) 186,469 (r) 188,376 (r)
21 Farm 13,672 (r) 13,798 (r) 14,083 (r)
22 Federal and related
agencies 356,817 363,001 376,999 (r)
23 Government
National
Mortgage
Association 6 9 8
24 One- to four-
family 6 9 8
25 Multifamily 0 0 0
26 Farmers Home
Administration
(4) 73,206 72,118 72,452
27 One- to four-
family 16,153 15,916 15,824
28 Multifamily 11,720 11,710 11,712
29 Nonfarm, non-
residential 41,262 40,470 40,965
30 Farm 4,072 4,023 3,952
31 Federal Housing
Admin. and Dept.
of Veterans
Affairs 2,918 3,155 3,290
32 One- to four-
family 1,267 1,251 1,260
33 Multifamily 1,651 1,900 2,031
34 Resolution Trust
Corporation 0 0 0
35 One- to four-
family 0 0 0
36 Multifamily 0 0 0
37 Nonfarm, non-
residential 0 0 0
38 Farm 0 0 0
39 Federal Deposit
Insurance
Corporation 24 26 13
40 One- to four-
family 4 4 2
41 Multifamily 5 5 3
42 Nonfarm, non-
residential 15 17 8
43 Farm 0 0 0
44 Federal National
Mortgage
Association 160,820 165,687 169,908
45 One- to four-
family 147,730 151,786 155,060
46 Multifamily 13,090 13,901 14,848
47 Federal Land Banks 38,686 39,722 40,885 (r)
48 One- to four-
family 2,276 2,337 2,406 (r)
49 Farm 36,410 37,385 38,479 (r)
50 Federal Home Loan
Mortgage
Corporation 61,542 59,638 62,792
51 One- to four-
family 42,537 39,217 40,309
52 Multifamily 19,005 20,421 22,483
53 Mortgage pools or
trusts (5) 3,432,654 3,583,240 (r) 3,715,692 (r)
54 Government
National
Mortgage
Association 598,019 603,186 591,368
55 One- to four-
family 577,228 581,796 569,460
56 Multifamily 20,792 21,391 21,908
57 Federal Home Loan
Mortgage
Corporation 873,750 927,490 948,409
58 One- to four-
family 867,924 921,709 940,933
59 Multifamily 5,826 5,781 7,476
50 Federal National
Mortgage
Association 1,163,978 1,228,131 1,290,351
51 One- to four-
family 1,116,534 1,177,995 1,238,125
52 Multifamily 47,444 50,136 52,226
63 Farmers Home
Administration
(4) 0 0 0
64 One- to four-
family 0 0 0
65 Multifamily 0 0 0
66 Nonfarm, non-
residential 0 0 0
67 Farm 0 0 0
68 Private mortgage
conduits 796,907 824,433 (r) 885,564 (r)
69 One- to four-
family (6) 539,200 550,200 (r) 591,201 (r)
70 Multifamily 50,836 53,627 57,009 (r)
71 Nonfarm, non-
residential 206,871 220,606 237,355 (r)
72 Farm 0 0 0
73 Individuals and
others (7) 711,181 (r) 726,719 (r) 705,811 (r)
74 One- to four-
family 508,569 (r) 522,441 (r) 501,081 (r)
75 Multifamily 78,681 (r) 79,464 (r) 79,791 (r)
16 Nonfarm, non-
residential 100,786 (r) 101,354 (r) 101,154 (r)
77 Farm 23,147 (r) 23,460 (r) 23,786 (r)
Type of holder and 2002
property Q1 Q2 (p)
1 All holders 7,753,640 (r) 7,965,275
By type of property
2 One- to four-family
residences 5,871,131 (r) 6,000,743
3 Multifamily
residences 462,579 (r) 473,950
4 Nonfarm, non-
residential 1,301,859 (r) 1,330,409
5 Farm 118,071 (r) 120,173
By type of holder
6 Major financial
institutions 2,789,654 (r) 2,860,812
7 Commercial
banks (2) 1,800,362 (r) 1,875,360
8 One- to four-
family 1,018,478 (r) 1,072,111
9 Multifamily 86,719 (r) 90,759
10 Nonfarm, non-
residential 659,187 675,530
11 Farm 35,978 36,960
12 Savings
institutions (3) 745,998 (r) 740,288
13 One- to four-
family 605,171 (r) 597,803
14 Multifamily 65,199 (r) 65,985
15 Nonfarm, non-
residential 75,077 (r) 75,949
16 Farm 551 (r) 551
17 Life insurance
companies 243,293 (r) 245,165
18 One- to four-
family 4,938 (r) 4,838
19 Multifamily 35,671 (r) 35,943
20 Nonfarm, non-
residential 188,599 (r) 190,499
21 Farm 14,085 (r) 13,885
22 Federal and related
agencies 38,502 (r) 396,091
23 Government
National
Mortgage
Association 8 8
24 One- to four-
family 8 8
25 Multifamily 0 0
26 Farmers Home
Administration
(4) 72,362 71,970
27 One- to four-
family 15,665 15,273
28 Multifamily 11,707 11,692
29 Nonfarm, non-
residential 41,134 41,188
30 Farm 3,855 3,817
31 Federal Housing
Admin. and Dept.
of Veterans
Affairs 3,361 3,473
32 One- to four-
family 1,255 1,254
33 Multifamily 2,105 2,218
34 Resolution Trust
Corporation 0 0
35 One- to four-
family 0 0
36 Multifamily 0 0
37 Nonfarm, non-
residential 0 0
38 Farm 0 0
39 Federal Deposit
Insurance
Corporation 7 22
40 One- to four-
family 1 4
41 Multifamily 1 4
42 Nonfarm, non-
residential 4 14
43 Farm 0 0
44 Federal National
Mortgage
Association 176,051 180,491
45 One- to four-
family 160,300 164,038
46 Multifamily 15,751 16,453
47 Federal Land Banks 41,981 42,951
48 One- to four-
family 2,470 2,527
49 Farm 39,511 40,424
50 Federal Home Loan
Mortgage
Corporation 59,624 58,872
51 One- to four-
family 35,955 34,062
52 Multifamily 23,669 24,810
53 Mortgage pools or
trusts (5) 3,869,212 (r) 3,986,440
54 Government
National
Mortgage
Association 587,423 (r) 583,950
55 One- to four-
family 564,327 (r) 559,754
56 Multifamily 23,096 24,196
57 Federal Home Loan
Mortgage
Corporation 1,012,478 1,053,261
58 One- to four-
family 1,005,136 1,005,981
59 Multifamily 7,342 7,280
50 Federal National
Mortgage
Association 1,355,400 1,404,594
51 One- to four-
family 1,301,374 1,349,442
52 Multifamily 54,030 55,152
63 Farmers Home
Administration
(4) 0 0
64 One- to four-
family 0 0
65 Multifamily 0 0
66 Nonfarm, non-
residential 0 0
67 Farm 0 0
68 Private mortgage
conduits 913,907 (r) 944,635
69 One- to four-
family (6) 616,301 (r) 637,200
70 Multifamily 57,535 (r) 59,180
71 Nonfarm, non-
residential 240,072 (r) 248,255
72 Farm 0 0
73 Individuals and
others (7) 709,748 (r) 721,932
74 One- to four-
family 508,260 (r) 518,269
75 Multifamily 79,612 (r) 80,153
16 Nonfarm, non-
residential 97,786 (r) 98,974
77 Farm 24,091 (r) 24,536
(1.) Multifamily debt refers to loans on structures of five or more
units.
(2.) Includes loans held by nondeposit trust companies but not loans
held by bank trust departments.
(3.) Includes savings banks and savings and loan associations.
(4.) FmHA-guaranteed securities sold to the Federal Financing Bank were
reallocated from FmHA mortgage pools to FmHA mortgage holdings in
1986:Q4 because of accounting changes by the Farmers Home
Administration.
(5.) Outstanding principal balances of mortgage-backed securities
insured or guaranteed by the agency indicated.
(6.) Includes securitized home equity loans.
(7.) Other holders include mortgage companies, real estate investment
trusts, state and local credit agencies, state and local retirement
funds, noninsured pension funds, credit unions, and finance companies.
Source. Based on data from various institutional and government
sources. Separation of nonfarm mortgage debt by type of property, if
not reported directly, and interpolations and extrapolations, when
required for some quarters, are estimated in part by the Federal
Reserve. Line 69 from Inside Mortgage Securities and other sources.
1.55 CONSUMER CREDIT (1)
Millions of dollars, amounts outstanding, end of period
Holder and type of 1999 2000 2001 (r)
credit
1 Total 1,416,316 1,560,634 (r) 1,667,928
2 Revolving 597,669 666,607 (r) 699,875
3 Nonrevolving (2) 818,647 894,027 968,053
4 Total 1,446,127 1,593,116 (r) 1,701,856
By major holder
5 Commercial hanks 499,758 541,470 558,421
6 Finance companies 201,549 219,848 (r) 236,559
7 Credit unions 167,921 184,434 189,570
8 Savings institutions 61,527 64,557 69,070
9 Nonfinancialbusiness 80,311 82,662 67,955
10 Pools of securitized
assets (3) 435,061 500,145 580,281
By major type of
credit (4)
11 Revolving 621,914 693,020 (r) 727,297
12 Commercial banks 189,352 218,063 224,878
13 Finance companies 32,483 37,627 (r) 31,538
14 Credit unions 20,641 22,226 22,265
15 Savings
institutions 15,838 16,560 17,767
16 Nonfinancial
business 42,783 42,430 29,790
17 Pools of
securitized
assets (3) 320,817 356,114 401,059
18 Nonrevolving 824,213 900,095 974,559
19 Commercial banks 310,406 323,407 333,543
20 Finance companies 169,066 182,221 205,021
21 Credit unions 147,280 162,208 167,305
22 Savings
institutions 45,689 47,997 51,303
23 Nonfinancial
business 37,528 40,232 38,165
24 Pools of
securitized
assets (3) 114,244 144,031 179,222
Holder and type of 2002
credit Feb. (r) Mar. (r) Apr. (r)
Seasonally adjusted
1 Total 1,680,681 1,689,131 1,697,386
2 Revolving 700,504 703,861 709,089
3 Nonrevolving (2) 980,177 985,270 988,297
Not seasonally adjusted
4 Total 1,677,903 1,677,964 1,684,724
By major holder
5 Commercial hanks 551,943 550,709 556,033
6 Finance companies 233,249 232,365 231,162
7 Credit unions 187,380 187,717 188,885
8 Savings institutions 68,760 68,598 67,742
9 Nonfinancialbusiness 59,013 58,095 56,922
10 Pools of securitized
assets (3) 577,558 580,480 583,981
By major type of
credit (4)
11 Revolving 701,361 697,663 704,414
12 Commercial banks 216,016 216,126 221,261
13 Finance companies 28,894 27,967 29,686
14 Credit unions 21,250 20,813 20,852
15 Savings
institutions 17,256 16,988 17,216
16 Nonfinancial
business 23,041 22,402 21,357
17 Pools of
securitized
assets (3) 394,903 393,367 394,043
18 Nonrevolving 976,542 980,300 980,310
19 Commercial banks 335,927 334,583 334,772
20 Finance companies 204,356 204,398 201,476
21 Credit unions 166,130 166,904 168,033
22 Savings
institutions 51,504 51,610 50,526
23 Nonfinancial
business 35,971 35,693 35,565
24 Pools of
securitized
assets (3) 182,655 187,113 189,938
Holder and type of 2002
credit May (r) June (r) July
Seasonally adjusted
1 Total 1,706,722 1,713,492 1,726,044
2 Revolving 712,085 715,624 721,966
3 Nonrevolving (2) 994,637 997,868 1,004,078
Not seasonally adjusted
4 Total 1,694,140 1,706,298 1,716,765
By major holder
5 Commercial hanks 557,521 557,317 558,187
6 Finance companies 232,269 235,832 241,849
7 Credit unions 190,672 192,305 194,754
8 Savings institutions 66,858 66,002 69,284
9 Nonfinancialbusiness 55,804 53,013 51,332
10 Pools of securitized
assets (3) 591,016 601,829 601,359
By major type of
credit (4)
11 Revolving 707,201 712,954 715,130
12 Commercial banks 218,368 215,852 214,994
13 Finance companies 30,073 32,131 36,113
14 Credit unions 20,878 20,984 21,233
15 Savings
institutions 17,452 17,680 17,426
16 Nonfinancial
business 20,359 17,859 16,467
17 Pools of
securitized
assets (3) 400,071 408,448 408,897
18 Nonrevolving 986,939 993,345 1,001,635
19 Commercial banks 339,153 341,465 343,193
20 Finance companies 202,196 203,701 205,736
21 Credit unions 169,794 171,321 173,521
22 Savings
institutions 49,406 48,322 51,858
23 Nonfinancial
business 35,445 35,154 34,866
24 Pools of
securitized
assets (3) 190,945 193,382 192,462
(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, wailers, or vacations. These loans may be secured or
unsecured.
(3.) Outstanding balances of pools upon which securities have been
issued these balances are no longer carried on the balance sheets of
the loan originator.
(4.) Totals include estimates for certain holders for which only
consumer credit totals are available.
1.56 TERMS OF CONSUMER CREDIT (1)
Percent per year except as noted
Item 1999 2000 2001 2002
Jan. Feb.
INTEREST RATES
Commercial banks (2)
1 48-month new car 8.44 9.34 8.50 n.a. 7.50
2 24-month personal 13.39 13.90 13.22 n.a. 11.72
Credit card plan
3 All accounts 15.21 15.71 14.89 n.a. 13.65
4 Accounts assessed
interest 14.81 14.91 14.44 n.a. 12.98
Auto finance
companies
5 New car 6.66 6.61 5.65 4.02 6.07
6 Used car 12.60 13.55 12.18 10.84 11.10
OTHER TERMS (3)
Maturity (months)
7 New car 52.7 54.9 55.1 48.8 56.4
8 Used car 55.9 57.0 57.5 57.3 57.8
Loan-to-value
ratio
9 New car 92 92 91 90 89
10 Used car 99 99 100 100 100
Amount financed
(dollars)
11 New car 19,880 20,923 22,822 24,137 22,741
12 Used car 13,642 14,058 14,416 14,355 14,049
Item 2002
Mar. Apr. May June July
INTEREST RATES
Commercial banks (2)
1 48-month new car n.a. n.a. 7.74 n.a. n.a.
2 24-month personal n.a. n.a. 12.57 n.a. n.a.
Credit card plan
3 All accounts n.a. n.a. 13.55 n.a. n.a.
4 Accounts assessed
interest n.a. n.a. 13.34 n.a. n.a.
Auto finance
companies
5 New car 5.87 5.51 6.15 6.29 3.50
6 Used car 11.14 10.94 10.90 10.77 10.62
OTHER TERMS (3)
Maturity (months)
7 New car 56.4 55.9 57.3 58.6 59.1
8 Used car 57.7 57.7 57.8 57.7 57.7
Loan-to-value
ratio
9 New car 90 93 92 92 95
10 Used car 100 101 101 100 100
Amount financed
(dollars)
11 New car 23,065 23,535 23,324 23,115 24,802
12 Used car 14,149 14,363 14,700 14,787 14,843
(1.) The Board's series on amounts of credit covers most short- and
intermediate-term credit extended to individuals. Data in this table
also appear in the Board's G.19 (421) monthly statistical release. For
ordering address, see inside front cover.
(2.) Data are available for only the second month of each quarter.
(3.) At auto finance companies.
1.57 FUNDS RAISED IN U.S. CREDIT MARKETS (1)
Billions of dollars; quarterly data at seasonally adjusted annual rates
Transaction category 1996 1997 1998 1999
or sector Nonfinancial sectors
1 Total net borrowing
by domestic
nonfinancial sectors 733.3 804.4 1,042.4 1,068.5
By sector and
instrument
2 Federal government 144.9 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 588.3 781.3 1,095.0 1,139.7
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 70.4 106.4 108.2 82.8
10 Other loans and
advances 28.7 59.5 82.1 57.1
11 Mortgages 280.1 322.3 489.8 564.9
12 Home 241.7 258.3 387.7 424.6
13 Multifamily
residential 9.8 7.3 23.4 35.7
14 Commercial 25.8 53.5 72.2 98.8
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 339.8 332.7 454.8 498.0
18 Nonfinancial
business 255.3 392.5 559.9 589.4
19 Corporate 183.1 291.6 392.1 401.6
20 Nonfarm
noncorporate 67.3 94.7 159.7 182.4
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 43.2 25.2
24 Commercial paper 11.3 3.7 7.8 16.3
25 Bonds 67.0 61.4 34.9 14.1
26 Bank loans n.e.c 9.1 8.5 6.6 .5
27 Other loans and
advances 1.0 -1.8 -6.0 -5.7
28 Total domestic plus
foreign 821.7 876.2 1,085.6 1,093.7
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 318.7 449.3 616.3 492.4
35 Open market paper 92.2 166.7 161.0 176.2
36 Corporate bonds 178.1 218.9 310.2 218.2
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 Mortgage 7.9 114.9 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
(REaTs) 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
52 Total net borrowing,
all sectors 1,371.7 1,538.5 2,172.8 2,178.0
53 Open market paper 102.6 184.1 193.1 229.9
54 U.S. government
securities 376.3 236.0 418.3 520.7
55 Municipal securities 2.6 71.4 96.8 68.2
56 Corporate and
foreign bonds 361.1 430.8 563.7 462.2
57 Bank loans n.e.c 92.1 128.2 145.0 69.0
58 Other loans and
advances 57.7 93.2 166.3 158.5
59 Mortgage 287.9 337.2 514.6 570.0
60 Consumer credit 91.3 57.5 75.0 199.5
Funds raised through mutual
funds and corporate equities
61 Total net issues 232.9 185.3 113.7 156.9
62 Corporate equities -4.7 -79.9 -165.8 -34.3
63 Nonfinancial
corporations -69.5 -114.4 -267.0 -143.5
64 Foreign shares
purchased by
U.S. residents 82.8 57.6 101.3 114.3
65 Financial
corporations -18.1 -23.0 -.1 -5.1
66 Mutual fund shares 237.6 265.1 279.5 191.2
Transaction category 2000 2000 2001
or sector Q4 Q1 Q2
Nonfinancial sectors
1 Total net borrowing
by domestic
nonfinancial sectors 860.2 822.0 917.1 1,022.0
By sector and
instrument
2 Federal government -295.9 -306.1 -59.3 -215.8
3 Treasury
securities -294.9 -304.9 -57.0 -216.9
4 Budget agency
securities and
mortgages -1.0 -1.2 -2.2 1.1
5 Nonfederal 1,156.1 1,128.1 976.4 1,237.8
By instrument
6 Commercial paper 48.1 -4.0 -199.2 -133.4
7 Municipal
securities and
loans 35.3 62.0 102.9 107.3
8 Corporate bonds 171.1 175.6 399.5 419.5
9 Bank loans n.e.c 101.7 75.1 -19.5 -121.0
10 Other loans and
advances 101.5 127.8 .7 122.1
11 Mortgages 559.4 561.0 547.5 767.3
12 Home 413.5 399.9 423.2 607.6
13 Multifamily
residential 35.2 42.2 37.6 40.8
14 Commercial 104.2 116.8 82.3 107.0
15 Farm 6.5 2.1 4.3 11.9
16 Consumer credit 139.0 130.7 144.5 76.0
By borrowing sector
17 Household 541.0 515.1 506.3 650.4
18 Nonfinancial
business 587.9 556.5 373.8 484.8
19 Corporate 406.3 386.4 205.9 303.3
20 Nonfarm
noncorporate 170.7 159.4 162.2 170.1
21 Farm 10.9 10.8 5.7 11.5
22 State and local
government 27.2 56.5 96.3 102.5
23 Foreign net
borrowing in
United States 65.7 65.1 -8.5 -50.5
24 Commercial paper 31.7 48.9 -33.8 -3.8
25 Bonds 23.9 9.1 21.4 -15.8
26 Bank loans n.e.c 11.4 12.0 14.3 -31.4
27 Other loans and
advances -1.3 -4.9 -10.4 .5
28 Total domestic plus
foreign 925.9 887.0 908.6 971.51
Financial sectors
29 Total net borrowing
by financial
sectors 815.4 918.9 884.0 818.0
By instrument
30 Federal government-
related 433.5 613.6 432.6 674.6
31 Government-
sponsored
enterprise
securities 234.1 304.5 262.3 268.3
32 Mortgage pool
securities 199.4 309.1 170.3 406.2
33 Loans from U.S.
government .0 .0 .0 .0
34 Private 382.0 305.3 451.4 143.4
35 Open market paper 127.7 84.6 -83.8 -77.9
36 Corporate bonds 205.8 210.1 427.8 212.9
37 Bank loans n.e.c. -6.7 24.3 10.8 1.6
38 Other loans and
advances 42.5 15.5 90.6 -18.7
39 Mortgage 6.2 1.8 -7.4 16.2
By borrowing sector
40 Commercial banking 60.0 39.0 138.1 10.5
41 Savings Institutions 27.3 20.1 55.5 3.4
42 Credit unions .0 1.0 -.6 .8
43 Life insurance
companies -.7 -2.4 .1 3.5
44 Government-sponsored
enterprises 234.1 304.5 262.3 268.3
45 Federally related
mortgage pools 199.4 309.1 170.3 406.2
46 Issuers of asset-
backed securities
(ABSs) 196.2 305.2 288.7 195.6
47 Finance companies 81.2 15.6 -54.0 36.8
48 Mortgage companies .1 1.0 .7 .6
49 Real estate
investment trusts
(REaTs) 2.7 -8.1 -6.1 10.5
50 Brokers and dealers -6.6 -23.7 35.6 12.6
51 Funding corporations -61.2 55.3 -129.6 -155.7
52 Total net borrowing,
all sectors 1,741.3 1,805.9 1,792.5 1,789.5
53 Open market paper 207.6 129.5 -316.8 -215.1
54 U.S. government
securities 137.6 307.5 373.3 458.8
55 Municipal securities 35.3 62.0 102.9 107.3
56 Corporate and
foreign bonds 400.8 394.8 848.8 616.6
57 Bank loans n.e.c 112.8 80.4 19.2 -141.6
58 Other loans and
advances 142.7 138.3 80.8 103.9
59 Mortgage 565.6 562.8 540.0 783.5
60 Consumer credit 139.0 130.7 144.4 76.0
Funds raised through mutual
funds and corporate equities
61 Total net issues 197.2 -37.3 236.3 412.3
62 Corporate equities -37.8 -177.5 120.3 138.8
63 Nonfinancial
corporations -159.7 -367.5 -25.0 -70.7
64 Foreign shares
purchased by
U.S. residents 103.6 96.6 86.1 222.9
65 Financial
corporations 18.3 93.5 59.1 -13.4
66 Mutual fund shares 235.0 140.2 116.0 273.5
Transaction category 2001 2002
or sector Q3 Q4 Q1 Q2
Nonfinancial sectors
1 Total net borrowing
by domestic
nonfinancial sectors 1,275.4 1,216.6 937.5 1,531.5
By sector and
instrument
2 Federal government 209.3 43.4 39.8 451.3
3 Treasury
securities 209.7 44.2 41.6 449.5
4 Budget agency
securities and
mortgages -.4 -.7 -1.8 1.8
5 Nonfederal 1,066.1 1,173.2 897.7 1,080.2
By instrument
6 Commercial paper -66.1 45.5 -155.7 -93.0
7 Municipal
securities and
loans 70.0 190.1 70.3 186.4
8 Corporate bonds 187.9 323.5 233.8 207.0
9 Bank loans n.e.c -24.4 -164.5 -18.8 -183.2
10 Other loans and
advances 58.3 -104.2 -10.8 51.2
11 Mortgages 769.8 732.8 697.4 810.0
12 Home 559.2 530.5 601.8 48.8
13 Multifamily
residential 56.5 56.5 29.2 43.5
14 Commercial 147.1 139.0 59.6 109.4
15 Farm 7.0 6.7 6.7 8.3
16 Consumer credit 70.6 149.9 81.4 101.9
By borrowing sector
17 Household 661.2 623.2 703.0 705.5
18 Nonfinancial
business 348.4 392.2 132.4 201.1
19 Corporate 190.2 242.8 16.9 78.6
20 Nonfarm
noncorporate 153.8 141.1 110.3 114.8
21 Farm 4.4 8.3 5.1 7.7
22 State and local
government 56.6 157.7 62.3 173.6
23 Foreign net
borrowing in
United States -106.7 16.0 75.3 13.6
24 Commercial paper -25.2 5.9 64.8 34.8
25 Bonds -83.9 29.7 -2.3 -41.0
26 Bank loans n.e.c 4.2 -16.3 13.9 22.1
27 Other loans and
advances -1.8 -3.3 -1.2 -2.3
28 Total domestic plus
foreign 1,168.8 1,232.5 1,012.8 1,545.1
Financial sectors
29 Total net borrowing
by financial
sectors 1,117.4 982.1 874.7 916.3
By instrument
30 Federal government-
related 818.4 591.8 692.0 497.1
31 Government-
sponsored
enterprise
securities 326.2 306.5 191.3 151.1
32 Mortgage pool
securities 492.2 285.3 500.7 346.0
33 Loans from U.S.
government .0 .0 .0 .0
34 Private 299.0 390.3 182.7 419.1
35 Open market paper -72.2 -13.6 178.3 -109.1
36 Corporate bonds 312.7 378.3 358.1 472.7
37 Bank loans n.e.c. 1.6 18.3 .2 31.9
38 Other loans and
advances 58.8 8.9 -3.9 16.7
39 Mortgage -1.9 -1.6 6.6 7.0
By borrowing sector
40 Commercial banking 39.7 44.1 24.3 13.3
41 Savings Institutions 39.4 -68.6 -33.1 -12.0
42 Credit unions 1.5 4.4 2.4 2.0
43 Life insurance
companies 3.5 1.4 2.4 1.2
44 Government-sponsored
enterprises 326.2 306.5 191.3 151.1
45 Federally related
mortgage pools 492.2 285.3 500.7 346.0
46 Issuers of asset-
backed securities
(ABSs) 317.7 435.7 267.6 273.4
47 Finance companies 41.8 -25.3 -31.2 79.5
48 Mortgage companies .8 .6 .8 .7
49 Real estate
investment trusts
(REaTs) -2.4 7.8 7.4 25.3
50 Brokers and dealers 12.6 -18.9 -15.7 17.5
51 Funding corporations 155.7 9.1 -42.2 18.2
52 Total net borrowing,
all sectors 2,286.2 2,214.7 1,887.5 2,461.3
53 Open market paper -163.5 37.8 -269.2 -167.3
54 U.S. government
securities 1,027.8 635.2 731.8 948.4
55 Municipal securities 70.0 190.1 70.3 186.4
56 Corporate and
foreign bonds 416.7 731.5 589.6 638.7
57 Bank loans n.e.c -18.6 -162.4 -4.6 -129.3
58 Other loans and
advances 115.3 -98.7 -15.8 65.6
59 Mortgage 767.9 731.2 704.0 817.0
60 Consumer credit 70.6 149.9 81.4 101.9
Funds raised through mutual
funds and corporate equities
61 Total net issues 99.2 360.1 414.81 313.5
62 Corporate equities -61.2 104.2 28.0 206.2
63 Nonfinancial
corporations -126.6 -25.0 -3.7 62.5
64 Foreign shares
purchased by
U.S. residents 43.5 74.7 -5.9 80.9
65 Financial
corporations 21.8 54.5 37.6 62.8
66 Mutual fund shares 160.4 255.9 386.8 107.2
(1.) Data in this table also appear in the Board's Z.I (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 1996 1997 1998 1999
or sector
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 1,371.7 1,538.5 2,172.8 2,178.0
2 Domestic nonfederal
nonfinancial
sectors 108.8 29.5 255.0 265.1
3 Household 148.7 39.4 123.2 255.3
4 Nonfinancial
corporate business -10.2 -12.7 -16.0 -15.6
5 Nonfarm noncorporate
business 4.0 2.6 13.3 -3.0
6 State and local
governments -33.7 .1 134.5 28.4
7 Federal government -7.2 5.1 13.5 5.8
8 Rest of the world 379.6 259.6 172.5 139.7
9 Financial sectors 890.6 1,244.3 1,731.9 1,767.5
10 Monetary authority 12.3 38.3 21.1 25.7
11 Commercial banking 187.5 324.3 305.6 312.2
12 U.S.-chartered
banks 119.6 274.9 312.1 318.6
13 Foreign banking
offices in
United States 63.3 40.2 -11.6 -17.0
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 36.2 67.7
17 Credit unions 25.5 16.8 18.9 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 -23.4 17.0
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 -2.5 5.5 7.4
26 Government-
sponsored
enterprises 97.1 106.3 314.0 291.3
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 -15.8 124.0
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through
credit markets 1,371.7 1,538.5 2,172.8 2,178.0
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 -31.8 15.0
40 Checkable deposits
and currency 15.7 41.2 47.3 151.2
41 Small time and
savings deposits 97.2 97.1 152.4 45.1
42 Large time deposits 114.0 122.5 91.8 131.1
43 Money market fund
shares 145.4 155.9 287.2 249.1
44 Security repurchase
agreements 41.4 120.9 91.3 169.8
45 Corporate equities -4.7 -79.9 -165.8 -34.3
46 Mutual fund shares 237.6 265.1 279.5 191.2
47 Trade payables 123.3 139.8 106.4 268.6
48 Security credit 52.4 111.0 103.2 104.4
49 Life insurance
reserves 44.5 59.3 48.0 50.8
50 Pension fund
reserves 148.3 201.4 217.4 181.8
51 Taxes payable 19.5 22.3 19.6 23.2
52 Investment in bank
personal trusts -5.3 -49.9 -41.8 -6.5
53 Noncorporate
proprietors'
equity 5.5 -40.7 -57.8 -38.7
54 Miscellaneous 522.4 493.8 956.9 1,042.7
55 Total financial
sources 2,957.1 3,287.1 4,290.1 4,772.9
Liabilities not
identified as
assets (-)
56 Treasury currency -.4 -.2 -.1 -.7
57 Foreign deposits 59.4 106.2 -8.5 42.6
58 Net interbank
liabilities -3.3 -19.9 3.8 .1
59 Security repurchase
agreements 2.4 63.2 57.7 35.7
60 Taxes payable 23.1 28.0 19.7 11.7
61 Miscellaneous -177.4 -248.3 -158.9 -301.4
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 -25.7 -25.5 -43.3 2.8
65 Total identified to
sectors as assets 3,082.7 3,390.1 4,420.3 4,990.3
Transaction category 2000 2000 2001
or sector Q4 Q1 Q2
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 1,741.3 1,805.9 1,792.5 1,789.5
2 Domestic nonfederal
nonfinancial
sectors -108.7 -292.4 -160.9 -188.9
3 Household -111.7 -211.5 -180.5 -198.1
4 Nonfinancial
corporate business 5.0 -84.2 -22.5 -24.6
5 Nonfarm noncorporate
business -1.2 -.2 3.2 .3
6 State and local
governments -.8 3.5 38.9 33.5
7 Federal government 7.3 10.6 4.4 9.4
8 Rest of the world 225.9 332.2 325.7 254.9
9 Financial sectors 1,616.8 1,755.5 1,623.3 1,714.0
10 Monetary authority 33.7 13.8 39.0 26.9
11 Commercial banking 357.9 184.6 130.4 107.8
12 U.S.-chartered
banks 339.5 95.3 92.3 156.5
13 Foreign banking
offices in
United States 23.9 88.7 34.5 -50.1
14 Bank holding
companies -12.2 -3.2 7.3 -2.8
15 Banks in U.S.
-affiliated
areas 6.7 3.8 -3.6 4.2
16 Savings
institutions 56.2 54.7 46.8 55.8
17 Credit unions 28.0 28.6 34.9 9.6
18 Bank personal
trusts and
estates 17.1 18.1 10.7 13.4
19 Life insurance
companies 57.9 37.3 111.8 143.6
20 Other insurance
companies -8.7 -11.7 2.1 .1
21 Private pension
funds 33.4 30.0 20.7 44.7
22 State and local
government
retirement funds 54.6 86.1 -70.7 77.0
23 Money market
mutual funds 143.0 256.9 326.4 210.0
24 Mutual funds 21.0 40.4 93.0 169.1
25 Closed-end funds -4.7 -4.7 -1.7 -1.7
26 Government-
sponsored
enterprises 256.4 353.4 329.2 297.2
27 Federally related
mortgage pools 199.4 309.1 170.3 406.2
28 Asset-backed
securities
issuers (ABSs) 166.4 276.3 260.7 167.3
29 Finance companies 108.0 39.4 8.9 112.1
30 Mortgage companies .2 2.0 1.4 1.1
31 Real estate
investment
trusts (REITs) -6.3 -2.8 4.0 1.1
32 Brokers and
dealers 68.9 6.5 242.1 53.6
33 Funding
corporations 34.4 37.6 -136.7 -181.0
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through
credit markets 1,741.3 1,805.9 1,792.5 1,789.5
Other financial
sources
35 Official foreign
exchange -.4 4.9 -1.5 4.7
36 Special drawing
rights
certificates -4.0 -4.0 .0 .0
37 Treasury currency 2.4 .0 -1.1 1.1
38 Foreign deposits 135.1 266.7 228.3 -175.9
39 Net interbank
transactions 15.1 22.1 -141.8 -25.4
40 Checkable deposits
and currency -71.4 -40.7 164.1 155.2
41 Small time and
savings deposits 188.8 289.0 266.9 242.1
42 Large time deposits 116.2 75.0 133.9 43.0
43 Money market fund
shares 233.3 343.8 578.4 370.0
44 Security repurchase
agreements 113.2 -222.2 -94.3 114.0
45 Corporate equities -37.8 -177.5 120.3 138.8
46 Mutual fund shares 235.0 140.2 116.0 273.5
47 Trade payables 170.2 123.4 186.4 -119.6
48 Security credit 146.1 58.9 -91.1 -73.9
49 Life insurance
reserves 50.2 47.3 62.3 52.2
50 Pension fund
reserves 209.0 149.2 295.9 209.1
51 Taxes payable 21.7 25.3 4.3 14.8
52 Investment in bank
personal trusts -29,7 -28.0 -26.1 -22.7
53 Noncorporate
proprietors'
equity -10.2 -10.9 -19.7 -26.4
54 Miscellaneous 1,155.4 813.9 791.8 888.0
55 Total financial
sources 4,379.6 3,682.5 4,365.6 3,852.1
Liabilities not
identified as
assets (-)
56 Treasury currency -1.2 -3.3 -3.6 -.5
57 Foreign deposits 55.9 215.2 182.1 -166.8
58 Net interbank
liabilities 20.4 52.9 21.8 17.0
59 Security repurchase
agreements 118.6 -222.3 -277.2 124.6
60 Taxes payable 26.2 46.6 24.9 3.1
61 Miscellaneous -404.9 -478.4 -209.3 -517.1
Floats not included
in assets (-)
62 Federal government
checkable deposits 9.0 -.7 64.9 64.7
63 Other checkable
deposits 1.7 2.5 3.6 3.9
64 Trade credit 26.1 120.7 48.1 28.6
65 Total identified to
sectors as assets 4,527.9 3,949.4 4,510.2 4,294.5
Transaction category 2001 2002
or sector Q3 Q4 Q1 Q2
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 2,256.2 2,214.7 1,887.5 2,461.3
2 Domestic nonfederal
nonfinancial
sectors 30.1 21.9 207.5 172.5
3 Household 23.4 -28.4 154.0 118.8
4 Nonfinancial
corporate business -34.1 5.8 51.3 14.7
5 Nonfarm noncorporate
business 3.3 2.0 3.3 3.3
6 State and local
governments 37.4 42.4 -1.1 35.7
7 Federal government 3.3 7.0 4.7 8.8
8 Rest of the world 269.2 432.5 171.8 566.1
9 Financial sectors 1,983.6 1,753.3 1,503.4 1,713.9
10 Monetary authority 8.4 85.1 81.6 43.4
11 Commercial banking 267.9 314.6 188.9 444.0
12 U.S.-chartered
banks 242.5 275.0 168.2 403.6
13 Foreign banking
offices in
United States 21.1 -7.8 2.1 33.6
14 Bank holding
companies -1.4 13.6 12.0 1.9
15 Banks in U.S.
-affiliated
areas 5.7 33.9 6.6 4.9
16 Savings
institutions -4.7 73.1 12.3 -83.1
17 Credit unions 61.1 60.5 53.2 35.8
18 Bank personal
trusts and
estates 8.8 8.6 6.1 4.6
19 Life insurance
companies 186.9 81.3 260.6 185.7
20 Other insurance
companies 5.1 28.5 36.7 28.9
21 Private pension
funds 10.4 5.3 27.4 37.6
22 State and local
government
retirement funds -74.2 -2.7 70.5 5.3
23 Money market
mutual funds 351.7 96.1 -296.8 -122.3
24 Mutual funds 102.7 139.3 243.1 56.6
25 Closed-end funds -1.7 -1.7 -1.7 -1.7
26 Government-
sponsored
enterprises 274.3 335.3 236.7 125.3
27 Federally related
mortgage pools 492.2 285.3 500.7 346.0
28 Asset-backed
securities
issuers (ABSs) 292.2 412.9 243.4 251.2
29 Finance companies -43.1 -100.5 -28.3 -4.4
30 Mortgage companies 1.7 1.2 1.6 1.4
31 Real estate
investment
trusts (REITs) 7.8 14.0 26.3 31.8
32 Brokers and
dealers 183.8 -109.8 -219.5 420.3
33 Funding
corporations -147.8 27.0 60.2 -92.4
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through
credit markets 2,286.2 2,214.7 1,887.5 2,461.3
Other financial
sources
35 Official foreign
exchange 13.7 .2 -3.0 12.9
36 Special drawing
rights
certificates .0 .0 .0 .0
37 Treasury currency .0 .0 .0 .0
38 Foreign deposits 41.5 17.9 -59.1 89.3
39 Net interbank
transactions -1.1 41.5 -1.2 -204.4
40 Checkable deposits
and currency 212.1 278.9 3.2 287.9
41 Small time and
savings deposits 230.3 329.7 259.7 247.1
42 Large time deposits 19.5 77.8 270.0 34.7
43 Money market fund
shares 388.6 377.3 -315.7 103.4
44 Security repurchase
agreements 221.0 -144.5 -53.6 255.3
45 Corporate equities -61.2 104.2 28.0 206.2
46 Mutual fund shares 160.4 255.9 386.8 107.2
47 Trade payables -47.3 -96.5 217.9 65.9
48 Security credit 530.2 -352.6 -203.7 -178.8
49 Life insurance
reserves 74.7 119.6 93.9 83.4
50 Pension fund
reserves 180.3 150.8 133.7 146.7
51 Taxes payable 104.9 -67.0 20.4 62.1
52 Investment in bank
personal trusts -28.2 -28.2 -31.0 -32.7
53 Noncorporate
proprietors'
equity -45.3 -1.1 -12.4 -36.2
54 Miscellaneous 846.8 201.6 124.7 494.2
55 Total financial
sources 5,127.1 3,480.2 2,746.2 4,205.8
Liabilities not
identified as
assets (-)
56 Treasury currency -1.4 .0 -2.4 -.7
57 Foreign deposits 54.5 -28.8 -36.6 130.9
58 Net interbank
liabilities 7.4 22.6 39.4 -11.2
59 Security repurchase
agreements 124.8 -181.1 -9.7 85.8
60 Taxes payable 25.4 22.9 31.1 -29.0
61 Miscellaneous 78.3 -188.6 -416.3 -77.5
Floats not included
in assets (-)
62 Federal government
checkable deposits -23.0 -91.1 190.3 185.7
63 Other checkable
deposits 5.0 5.7 6.1 7.1
64 Trade credit -49.4 37.9 4.7 -86.1
65 Total identified to
sectors as assets 4,905.5 3,880.8 2,939.5 4,000.8
(1.) Data in this table also appear in the Board's Z. 1 (780) quarterly
statistical release, tables F. 1 and F. 5. For ordering address, see
inside front cover.
(2.) Excludes corporate equities and mutual fund shares.
1.59 SUMMARY OF CREDIT MARKET DEBT OUTSTANDING (1)
Billions of dollars, end of period
Transaction category 1997 1998 1999 2000
or sector
Nonfinancial sectors
1 Total credit market
debt owed by
domestic non-
financial sectors 15,243.1 16,285.5 17,388.7 18,267.9
By sector and
instrument
2 Federal government 3,752.2 3,681.0 3,385.1 3,385.1
3 Treasury
securities 3,723.7 3,652.7 3,357.8 3,357.8
4 Budget agency
securities and
mortgages 26.5 28.5 28.3 27.3
5 Nonfederal 12,533.3 13,707.7 14,882.8 14,882.8
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 1,148.6 1,231.4 1,333.1
10 Other loans and
advances 825.1 907.2 964.5 1,077.1
11 Mortgages 5,154.3 5,644.1 6,243.4 6,802.8
12 Home 3,978.3 4,366.0 4,790.6 5,204.1
13 Multifamily
residential 284.6 308.0 343.9 379.2
14 Commercial 801.4 873.6 1,006.5 1,110.7
15 Farm 90.0 96.6 102.3 108.9
16 Consumer credit 1,271.6 1,346.6 1,446.1 1,593.1
By borrowing sector
17 Households 5,556.9 6,011.8 6,510.0 7,070.1
18 Nonfinancial
business 4,761.9 5,321.7 5,945.5 6,533.4
19 Corporate 3,382.0 3,774.1 4,210.1 4,616.4
20 Nonfarmnon
corporate 1,224.0 1,383.7 1,566.1 1,736.8
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 607.9 651.3 676.7 742.3
24 Commercial paper 65.1 72.9 89.2 120.9
25 Bonds 427.7 462.6 476.7 500.6
26 Bankloans n.e.c. 52.1 58.7 59.2 70.5
27 Other loans and
advances 63.0 57.1 51.6 50.3
28 Total credit market
debt owed by non-
financial sectors,
domestic and
foreign 15,851.0 16,936.8 18,065.4 19,010.3
Financial sectors
29 Total credit market
debt owed by
financial sectors 5,458.0 6,545.2 7,629.6 8,457.0
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 4,139.6
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 2,314.7
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 1,829.5
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 21,309.1 23,482.0 25,694.9 27,467.3
54 Open market paper 979.4 1,172.6 1,402.4 1,610.0
55 U.S. government
securities 6,625.9 7,044.2 7,564.9 7,702.5
56 Municipal securities 1,367.5 1,464.3 1,532.5 1,567.8
57 Corporate and
foreign bonds 3,607.2 4,170.9 4,633.1 5,045.8
58 Bank loans n.e.c. 1,169.8 1,314.8 1,383.8 1,496.6
59 Other loans and
advances 1,086.5 1,253.0 1,412.0 1,565.7
60 Mortgages 5,201.1 5,715.7 6,320.1 6,885.7
61 Consumer credit 1,271.6 1,346.6 1,446.1 1,593.1
Transaction category 2000 2001
or sector Q4 Q1 Q2 Q3
Nonfinancial sectors
1 Total credit market
debt owed by
domestic non-
financial sectors 18,267.9 18,508.1 18,680.0 18,995.3
By sector and
instrument
2 Federal government 3,385.1 3,408.8 3,251.4 3,320.0
3 Treasury
securities 3,357.8 3,382.0 3,224.3 3,293.0
4 Budget agency
securities and
mortgages 27.3 26.8 27.0 27.0
5 Nonfederal 14,882.8 15,099.4 15,428.7 15,675.3
By instrument
6 Commercial paper 278.4 253.2 223.3 201.3
7 Municipal
securities and
loans 1,567.8 1,597.5 1,629.8 1,635.3
8 Corporate bonds 2,230.6 2,330.4 2,435.3 2,482.3
9 Bank loans n.e.c. 1,333.1 1,320.7 1,293.6 1,285.1
10 Other loans and
advances 1,077.1 1,083.2 1,110.6 1,116.8
11 Mortgages 6,802.8 6,929.0 7,127.9 7,324.1
12 Home 5,204.1 5,299.1 5,458.1 5,601.7
13 Multifamily
residential 379.2 388.6 398.8 412.9
14 Commercial 1,110.7 1,131.3 1,158.0 1,194.8
15 Farm 108.9 110.0 113.0 114.6
16 Consumer credit 1,593.1 1,585.3 1,608.1 1,630.5
By borrowing sector
17 Households 7,070.1 7,139.0 7,314.8 7,486.6
18 Nonfinancial
business 6,533.4 6,652.9 6,776.0 6,848.1
19 Corporate 4,616.4 4,695.7 4,770.7 4,804.8
20 Nonfarmnon
corporate 1,736.8 1,777.5 1,820.1 1,857.4
21 Farm 180.2 179.7 185.2 185.9
22 State and local
government 1,279.3 1,307.5 1,337.8 1,340.6
23 Foreign credit
market debt held
in United States 742.3 740.4 726.1 701.7
24 Commercial paper 120.9 112.8 110.1 106.3
25 Bonds 500.6 505.9 502.0 481.0
26 Bankloans n.e.c. 70.5 74.1 66.2 67.3
27 Other loans and
advances 50.3 47.5 47.7 47.0
28 Total credit market
debt owed by non-
financial sectors,
domestic and
foreign 19,010.3 19,248.5 19,406.1 19,697.0
Financial sectors
29 Total credit market
debt owed by
financial sectors 8,457.0 8,657.3 8,858.0 9,128.0
By instrument
30 Federal government-
related 4,317.4 4,422.9 4,591.6 4,796.2
31 Government-
sponsored
enterprise
securities 1,825.8 1,888.7 1,955.8 2,037.4
32 Mortgage pool
securities 2,491.6 2,534.2 2,635.7 2,758.8
33 Loans from U.S.
government .0 .0 .0 .0
34 Private 4,139.6 4,234.4 4,266.4 4,331.9
35 Open market paper 1,210.7 1,180.8 1,144.5 1,110.2
36 Corporate bonds 2,314.7 2,424.3 2,485.7 2,569.6
37 Bank loans n.e.c 93.0 97.3 100.4 100.2
38 Other loans and
advances 438.3 450.9 450.7 467.2
39 Mortgages 82.9 81.1 85.1 84.6
By borrowing sector
40 Commercial banks 266.7 273.8 274.7 281.4
41 Bank holding
companies 242.5 266.5 269.0 272.7
42 Savings institutions 287.7 295.1 294.4 305.6
43 Credit unions 3.4 3.2 3.5 3.8
44 Life insurance
companies 2.5 1.9 1.9 2.8
45 Government-sponsored
enterprises 1,825.8 1,888.7 1,955.8 2,037.4
46 Federally related
mortgage pools 2,491.6 2,534.2 2,635.7 2,758.8
47 Issuers of asset-
backed securities
(ABSs) 1,829.5 1,894.1 1,944.3 2,027.0
48 Brokers and dealers 40.9 35.0 43.9 47.1
49 Finance companies 776.9 756.2 769.0 771.2
50 Mortgage companies 17.9 18.1 18.2 18.5
51 Real estate
investment trusts
(REITs) 167.8 166.2 168.9 168.3
52 Funding corporations 503.7 524.3 478.6 433.6
All sectors
53 Total credit market
debt, domestic and
foreign 27,467.3 27,905.8 28,264.1 28,825.0
54 Open market paper 1,610.0 1,546.8 1,477.9 1,417.8
55 U.S. government
securities 7,702.5 7,831.7 7,842.9 8,116.2
56 Municipal securities 1,567.8 1,597.5 1,629.8 1,635.3
57 Corporate and
foreign bonds 5,045.8 5,260.7 5,423.0 5,532.9
58 Bank loans n.e.c. 1,496.6 1,492.1 1,460.2 1,452.6
59 Other loans and
advances 1,565.7 1,581.6 1,609.0 1,631.1
60 Mortgages 6,885.7 7,010.0 7,213.0 7,408.7
61 Consumer credit 1,593.1 1,585.3 1,608.1 1,630.5
Transaction category 2001 2002
or sector Q4 Q1 Q2
Nonfinancial sectors
1 Total credit market
debt owed by
domestic non-
financial sectors 19,376.3 19,610.2 19,904.1
By sector and
instrument
2 Federal government 3,379.5 3,430.3 3,432.7
3 Treasury
securities 3,352.7 3,404.0 3,405.9
4 Budget agency
securities and
mortgages 26.8 26.3 26.8
5 Nonfederal 15,996.8 16,180.0 16,471.4
By instrument
6 Commercial paper 190.1 167.5 148.4
7 Municipal
securities and
loans 1,685.4 1,707.5 1,759.5
8 Corporate bonds 2,563.2 2,621.6 2,673.4
9 Bank loans n.e.c. 1,251.4 1,237.3 1,194.5
10 Other loans and
advances 1,096.3 1,099.2 1,109.1
11 Mortgages 7,507.2 7,670.1 7,880.3
12 Home 5,734.2 5,873.2 6,043.1
13 Multifamily
residential 427.0 434.3 445.2
14 Commercial 1,229.6 1,244.5 1,271.8
15 Farm 116.3 118.1 120.2
16 Consumer credit 1,703.3 1,676.7 1,706.2
By borrowing sector
17 Households 7,680.4 7,793.5 7,984.7
18 Nonfinancial
business 6,933.8 6,983.6 7,035.8
19 Corporate 4,852.5 4,875.2 4,894.0
20 Nonfarmnon
corporate 1,893.6 1,921.3 1,950.1
21 Farm 187.7 187.1 191.6
22 State and local
government 1,382.5 1,402.8 1,450.9
23 Foreign credit
market debt held
in United States 704.9 724.2 725.6
24 Commercial paper 106.7 123.6 130.2
25 Bonds 488.4 487.9 477.6
26 Bankloans n.e.c. 63.2 66.7 72.2
27 Other loans and
advances 46.6 46.0 45.5
28 Total credit market
debt owed by non-
financial sectors,
domestic and
foreign 20,081.2 20,334.4 20,629.7
29 Total credit market
debt owed by
financial sectors 9,404.7 9,602.3 9,826.8
By instrument
30 Federal government-
related 4,944.1 5,117.1 5,241.4
31 Government-
sponsored
enterprise
securities 2,114.0 2,161.8 2,199.6
32 Mortgage pool
securities 2,830.1 2,955.3 3,041.8
33 Loans from U.S.
government .0 .0 .0
34 Private 4,460.6 4,485.2 4,585.4
35 Open market paper 1,148.8 1,090.9 1,046.9
36 Corporate bonds 2,647.6 2,741.0 2,866.7
37 Bank loans n.e.c 106.8 105.1 113.5
38 Other loans and
advances 473.2 462.4 470.8
39 Mortgages 84.2 85.9 87.6
By borrowing sector
40 Commercial banks 296.0 295.8 310.4
41 Bank holding
companies 266.1 269.0 264.2
42 Savings institutions 295.1 280.5 275.3
43 Credit unions 4.9 5.5 6.0
44 Life insurance
companies 3.1 3.7 4.0
45 Government-sponsored
enterprises 2,114.0 2,161.8 2,199.6
46 Federally related
mortgage pools 2,830.1 2,955.3 3,041.8
47 Issuers of asset-
backed securities
(ABSs) 2,138.9 2,198.0 2,267.9
48 Brokers and dealers 42.3 38.4 42.8
49 Finance companies 776.7 760.8 784.7
50 Mortgage companies 18.6 18.8 19.0
51 Real estate
investment trusts
(REITs) 170.2 172.1 178.4
52 Funding corporations 448.4 442.6 432.8
All Sectors
53 Total credit market
debt, domestic and
foreign 29,485.9 29,936.8 30,456.5
54 Open market paper 1,445.6 1,382.0 1,325.5
55 U.S. government
securities 8,323.6 8,547.4 8,674.1
56 Municipal securities 1,685.4 1,707.5 1,759.5
57 Corporate and
foreign bonds 5,699.2 5,850.5 6,017.6
58 Bank loans n.e.c. 1,421.4 1,409.1 1,380.2
59 Other loans and
advances 1,616.0 1,607.6 1,625.4
60 Mortgages 7,591.4 7,756.0 7,967.9
61 Consumer credit 1,703.3 1,676.7 1,706.2
(1.) Data in this table appear in the Board's Z. 1 (780) quarterly
statistical release, tables L.2 through L.4. For ordering address,
see inside front cover.
1.60 SUMMARY OF FINANCIAL ASSETS AND LIABILITIES (1)
Billions of dollars except as noted, end of period
Transaction category 1997 1998 1999 2000
or sector
CREDIT MARKET DEBT
OUTSTANDING (2)
1 Total credit market
assets 21,309.1 23,482.0 25,694.9 27,467.3
2 Domestic nonfederal
nonfinancial
sectors 3,105.2 3,352.1 3,678.1 3,540.8
3 Household 2,188.5 2,303.7 2,619.9 2,479.6
4 Nonfinancial
corporate
business 257.5 241.5 226.0 231.0
5 Nonfarm
noncorporate
business 54.2 67.5 64.4 63.2
6 State and local
governments 605.0 739.4 767.8 767.0
7 Federal government 205.4 219.0 258.0 265.3
8 Rest of the world 2,097.7 2,278.2 2,354.6 2,621.1
9 Financial sectors 15,900.8 17,632.7 19,404.2 21,040.1
10 Monetary authority 431.4 452.5 478.1 511.8
11 Commercial banking 4,031.9 4,336.1 4,648.3 5,006.3
12 U.S.-chartered
banks 3,450.7 3,761.4 4,080.0 4,419.5
13 Foreign banking
offices in
United States 516.1 504.5 487.4 511.3
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 928.5 964.7 1,032.4 1,088.6
17 Credit unions 305.3 324.2 351.7 379.7
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 674.6 651.2 668.2 701.6
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 98.3 103.8 111.2 106.4
26 Government-
sponsored
enterprises 938.3 1,252.3 1,543.5 1,807.1
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 166.7 152.3 276.0 310.4
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 21,309.1 23,482.0 25,694.9 27,467.3
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 219.4 189.4 202.4 221.2
40 Checkable deposits and
currency 1,286.1 1,333.3 1,484.5 1,413.1
41 Small time and savings
deposits 2,474.1 2,626.5 2,671.5 2,860.3
42 Large time deposits 713.4 805.3 936.4 1,052.6
43 Money market fund
shares 1,042.5 1,329.7 1,578.8 1,812.1
44 Security repurchase
agreements 822.4 913.8 1,083.6 1,196.8
45 Mutual fund shares 2,989.4 3,613.1 4,538.5 4,434.6
46 Security credit 469.1 572.2 676.6 822.7
47 Life insurance
reserves 665.0 718.3 783.9 819.1
48 Pension fund reserves 7,323.4 8,208.4 9,065.3 9,069.0
49 Trade payables 1,967.4 2,073.8 2,342.4 2,512.6
50 Taxes payable 151.1 170.7 193.9 215.6
51 Investment in bank
personal trusts 942.5 1,001.0 1,130.4 1,019.4
52 Miscellaneous 6,733.2 7,633.8 8,489.4 9,387.4
53 Total liabilities 49,803.8 55,402.6 61,653.3 65,199.9
Financial assets not
included in
liabilities (+)
54 Gold and special
drawing fights 21.1 21.6 21.4 21.6
55 Corporate equities 13,301.7 15,577.3 19,581.2 17,611.9
56 Household equity in
noncorporate
business 4,052.7 4,285.7 4,544.3 4,797.8
Liabilities not
identified as
assets (-)
57 Treasury currency -6.3 -6.4 -7.1 -8.5
58 Foreign deposits 535.0 542.8 585.7 627.4
59 Net interbank
transactions -32.2 -26.5 -28.5 -4.3
60 Security repurchase
agreements 172.9 230.6 266.4 385.0
61 Taxes payable 104.2 121.2 121.9 127.7
62 Miscellaneous -1,376.6 -1,956.1 -2,447.0 -3,006.7
Floats not included
in assets (-)
63 Federal government
checkable deposits -8.1 -3.9 -9.8 -2.3
64 Other checkable
deposits 26.2 23.1 22.3 24.0
65 Trade credit 128.1 84.8 91.7 117.7
66 Totals identified to
sectors as assets 67,636.0 76,277.6 87,204.5 89,370.9
Transaction category 2000 2001
or sector Q4 QI Q2 Q3
CREDIT MARKET DEBT
OUTSTANDING (2)
1 Total credit market
assets 27,467.3 27,905.8 28,264.1 28,825.0
2 Domestic nonfederal
nonfinancial
sectors 3,540.8 3,474.9 3,407.5 3,397.3
3 Household 2,479.6 2,427.3 2,351.3 2,342.7
4 Nonfinancial
corporate
business 231.0 206.2 203.0 195.0
5 Nonfarm
noncorporate
business 63.2 64.0 64.1 64.9
6 State and local
governments 767.0 777.4 789.1 794.6
7 Federal government 265.3 266.4 268.7 269.6
8 Rest of the world 2,621.1 2,706.0 2,766.8 2,837.5
9 Financial sectors 21,040.1 21,458.5 21,821.0 22,320.6
10 Monetary authority 511.8 523.9 535.1 534.1
11 Commercial banking 5,006.3 5,013.8 5,041.5 5,100.6
12 U.S.-chartered
banks 4,419.5 4,420.8 4,463.5 4,513.5
13 Foreign banking
offices in
United States 511.3 516.6 501.3 509.3
14 Bank holding
companies 20.5 22.3 21.6 21.3
15 Banks in U.S.-
affiliated
areas 55.0 54.1 55.1 56.5
16 Savings
institutions 1,088.6 1,100.5 1,116.1 1,118.1
17 Credit unions 379.7 387.0 392.4 408.4
18 Bank personal
trusts and
estates 239.1 241.8 245.1 247.3
19 Life insurance
companies 1,943.9 1,969.6 2,004.8 2,054.8
20 Other insurance
companies 509.4 510.0 510.0 511.3
21 Private pension
funds 701.6 706.8 718.0 720.6
22 State and local
government
retirement funds 806.0 788.3 807.6 789.0
23 Money market
mutual funds 1,290.9 1,404.2 1,414.3 1,498.0
24 Mutual funds 1,097.8 1,113.9 1,160.3 1,188.2
25 Closed-end funds 106.4 106.0 105.6 105.2
26 Government-
sponsored
enterprises 1,807.1 1,877.7 1,956.1 2,026.1
27 Federally related
mortgage pools 2,491.6 2,534.2 2,635.7 2,758.8
28 Asset-backed
securities (ABSs)
issuers 1,602.9 1,660.5 1,703.7 1,780.0
29 Finance companies 850.5 848.0 878.5 859.5
30 Mortgage companies 35.9 36.2 36.5 36.9
31 Real estate
investment trusts
(REITs) 36.6 37.6 37.9 39.8
32 Brokers and dealers 223.6 317.7 288.4 366.2
33 Funding corporations 310.4 281.0 233.5 177.7
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 27,467.3 27,905.8 28,264.1 28,825.0
Other liabilities
35 Official foreign
exchange 46.1 42.8 43.4 49.0
36 Special drawing
rights certificates 2.2 2.2 2.2 2.2
37 Treasury currency 23.2 22.9 23.2 23.2
38 Foreign deposits 824.5 881.6 837.6 848.0
39 Net interbank
liabilities 221.2 156.7 158.7 166.5
40 Checkable deposits and
currency 1,413.1 1,404.9 1,448.4 1,485.1
41 Small time and savings
deposits 2,860.3 2,962.6 2,992.3 3,047.5
42 Large time deposits 1,052.6 1,077.0 1,087.3 1,094.2
43 Money market fund
shares 1,812.1 1,994.7 2,014.7 2,116.1
44 Security repurchase
agreements 1,196.8 1,187.4 1,206.6 1,255.2
45 Mutual fund shares 4,434.6 3,990.4 4,259.5 3,753.1
46 Security credit 822.7 799.3 781.5 912.1
47 Life insurance
reserves 819.1 823.0 840.3 844.0
48 Pension fund reserves 9,069.0 8,584.0 8,862.6 8,281.0
49 Trade payables 2,512.6 2,536.4 2,498.4 2,502.4
50 Taxes payable 215.6 223.3 222.5 251.4
51 Investment in bank
personal trusts 1,019.4 929.1 964.4 859.6
52 Miscellaneous 9,387.4 9,838.8 10,118.2 10,496.0
53 Total liabilities 65,199.9 65,362.9 66,625.8 66,811.6
Financial assets not
included in
liabilities (+)
54 Gold and special
drawing fights 21.6 21.4 21.5 22.0
55 Corporate equities 17,611.9 15,323.0 16,254.3 13,645.0
56 Household equity in
noncorporate
business 4,797.8 4,852.0 4,874.6 4,919.4
Liabilities not
identified as
assets (-)
57 Treasury currency -8.5 -9.4 -9.5 -9.8
58 Foreign deposits 627.4 673.0 631.3 644.9
59 Net interbank
transactions -4.3 1.1 3.8 4.5
60 Security repurchase
agreements 385.0 341.4 376.2 400.2
61 Taxes payable 127.7 111.9 131.7 148.6
62 Miscellaneous -3,006.7 -2,940.6 -2,881.4 -2,738.3
Floats not included
in assets (-)
63 Federal government
checkable deposits -2.3 -2.8 -4.8 -5.9
64 Other checkable
deposits 24.0 21.1 25.5 19.2
65 Trade credit 117.7 84.6 63.8 48.7
66 Totals identified to
sectors as assets 89,370.9 87,279.0 89,439.6 86,885.9
Transaction category 2001 2002
or sector Q4 Q1 Q2
CREDIT MARKET DEBT
OUTSTANDING (2)
1 Total credit market
assets 29,485.9 29,936.8 30,456.5
2 Domestic nonfederal
nonfinancial
sectors 3,452.7 3,475.0 3,497.4
3 Household 2,370.0 2,400.4 2,402.0
4 Nonfinancial
corporate
business 212.2 202.7 210.3
5 Nonfarm
noncorporate
business 65.4 66.2 67.1
6 State and local
governments 805.1 805.6 818.0
7 Federal government 271.3 272.5 274.7
8 Rest of the world 2,954.4 3,000.6 3,139.1
9 Financial sectors 22,807.4 23,188.7 23,545.4
10 Monetary authority 551.7 575.4 590.7
11 Commercial banking 5,210.5 5,231.3 5,343.2
12 U.S.-chartered
banks 4,610.1 4,629.3 4,734.6
13 Foreign banking
offices in
United States 510.7 507.7 512.6
14 Bank holding
companies 24.7 27.7 28.1
15 Banks in U.S.-
affiliated
areas 65.0 66.6 67.9
16 Savings
institutions 1,131.4 1,134.7 1,116.0
17 Credit unions 421.2 433.1 445.1
18 Bank personal
trusts and
estates 249.5 251.0 252.1
19 Life insurance
companies 2,074.8 2,136.9 2,182.8
20 Other insurance
companies 518.4 527.6 534.8
21 Private pension
funds 721.9 728.7 738.1
22 State and local
government
retirement funds 788.4 806.0 807.3
23 Money market
mutual funds 1,536.9 1,496.4 1,419.3
24 Mutual funds 1,223.8 1,276.8 1,295.3
25 Closed-end funds 104.7 104.3 103.9
26 Government-
sponsored
enterprises 2,114.3 2,163.8 2,199.0
27 Federally related
mortgage pools 2,830.1 2,955.3 3,041.8
28 Asset-backed
securities (ABSs)
issuers 1,886.2 1,939.3 2,003.6
29 Finance companies 844.8 832.4 834.6
30 Mortgage companies 37.2 37.6 38.0
31 Real estate
investment trusts
(REITs) 43.3 49.9 57.9
32 Brokers and dealers 316.1 299.6 357.0
33 Funding corporations 202.3 208.7 185.1
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 29,485.9 29,936.8 30,456.5
Other liabilities
35 Official foreign
exchange 46.8 45.7 52.0
36 Special drawing
rights certificates 2.2 2.2 2.2
37 Treasury currency 23.2 23.2 23.2
38 Foreign deposits 908.9 894.1 916.5
39 Net interbank
liabilities 187.7 157.6 117.3
40 Checkable deposits and
currency 1,601.4 1,567.2 1,640.5
41 Small time and savings
deposits 3,127.5 3,229.5 3,257.1
42 Large time deposits 1,121.1 1,178.9 1,188.7
43 Money market fund
shares 2,240.7 2,202.6 2,150.3
44 Security repurchase
agreements 1,233.6 1,220.9 1,274.9
45 Mutual fund shares 4,135.5 4,246.9 3,908.8
46 Security credit 825.9 774.8 730.6
47 Life insurance
reserves 880.0 904.2 914.5
48 Pension fund reserves 8,694.0 8,817.8 8,348.6
49 Trade payables 2,493.4 2,526.0 2,532.9
50 Taxes payable 229.9 241.3 252.8
51 Investment in bank
personal trusts 912.0 907.8 842.0
52 Miscellaneous 10,083.1 10,106.0 10,346.8
53 Total liabilities 68,232.9 68,983.4 68,956.2
Financial assets not
included in
liabilities (+)
54 Gold and special
drawing fights 21.8 21.9 22.7
55 Corporate equities 15,209.3 15,228.5 13,339.3
56 Household equity in
noncorporate
business 4,877.1 4,908.4 4,971.8
Liabilities not
identified as
assets (-)
57 Treasury currency -9.8 -10.4 -10.6
58 Foreign deposits 694.1 685.0 717.7
59 Net interbank
transactions 11.1 21.8 18.0
60 Security repurchase
agreements 346.3 357.5 384.5
61 Taxes payable 100.0 92.3 150.6
62 Miscellaneous -3,207.4 -3,176.8 -3,235.6
Floats not included
in assets (-)
63 Federal government
checkable deposits -14.1 32.4 61.3
64 Other checkable
deposits 28.6 26.3 31.4
65 Trade credit 134.0 87.8 36.9
66 Totals identified to
sectors as assets 90,258.5 91,026.4 89,135.7
(1.) Data in this table also appear in the Board's Z.1 (780) quarterly
statistical release, tables L.1 and L.5. For ordering address, see
inside front cover.
(2.) Excludes corporate equities and mutual fund shares.
2.12 OUTPUT, CAPACITY, AND CAPACITY UTILIZATION (1)
Seasonally adjusted
Series 2001 2002
Q3 Q4 Q1 Q2 (r)
Output (1992 = 100)
1 Total industry 139.6 137.2 138.1 139.5
2 Manufacturing 144.2 141.9 142.9 144.2
3 Primary
processing (3) 167.1 164.5 168.0 172.3
4 Advanced
processing (4) 131.5 129.3 129.2 129.0
5 Durable goods 178.3 174.1 176.1 178.4
6 Lumber and
products 115.5 112.7 112.3 112.2
7 Primary metals 117.8 109.1 112.1 114.3
8 Iron and
steel 115.7 104.0 109.3 114.7
9 Nonferrous 120.6 115.3 115.6 114.3
10 Industrial
machinery and
equipment 208.8 202.2 205.7 207.9
11 Electrical
machinery 485.3 485.7 499.3 516.0
12 Motor vehicles
and parts 169.5 165.1 173.7 181.3
13 Aerospace and
miscellaneous
transportation
equipment 95.9 91.2 86.2 82.6
14 Nondurable goods 111.0 110.2 110.6 111.0
15 Textile mill
products 85.3 82.4 84.9 86.3
16 Paper and
products 108.5 105.8 104.4 106.9
17 Chemicals and
products 121.1 122.4 122.9 123.3
18 Plastics
materials 117.4 115.6 119.9 128.2
19 Petroleum
products 113.2 113.7 116.2 116.0
20 Mining 101.8 98.6 96.3 95.5
21 Utilities 119.1 116.9 119.3 124.0
22 Electric 122.2 121.1 122.1 126.1
Series 2001 2002
Q3 Q4 Q1 Q2
Capacity (percent of 1992 output)
1 Total industry 183.2 183.6 184.1 184.5
2 Manufacturing 193.6 194.0 194.4 194.9
3 Primary
processing (3) 223.8 224.5 225.3 226.2
4 Advanced
processing (4) 176.9 177.2 177.4 177.7
5 Durable goods 247.5 248.5 249.4 250.4
6 Lumber and
products 148.8 149.1 149.3 149.6
7 Primary metals 150.6 150.4 149.4 147.8
8 Iron and
steel 146.8 146.2 144.4 141.5
9 Nonferrous 155.6 155.8 155.9 155.9
10 Industrial
machinery and
equipment 298.8 299.8 300.4 301.1
11 Electrical
machinery 745.4 752.5 762.1 774.4
12 Motor vehicles
and parts 221.5 222.9 224.2 225.4
13 Aerospace and
miscellaneous
transportation
equipment 135.2 135.1 135.1 134.8
14 Nondurable goods 142.9 142.9 142.9 143.0
15 Textile mill
products 116.4 115.4 114.4 113.4
16 Paper and
products 138.8 139.0 139.0 138.8
17 Chemicals and
products 158.5 158.6 158.9 159.7
18 Plastics
materials 153.0 153.4 153.8 154.1
19 Petroleum
products 122.4 122.7 122.9 123.0
20 Mining 112.2 112.6 112.9 112.9
21 Utilities 138.1 139.9 141.6 143.0
22 Electric 137.4 139.8 141.9 143.7
Series 2001 2002
Q3 Q4 Q1 Q2 (r)
Capacity utilization
rate (percent) (2)
1 Total industry 76.2 74.7 75.0 75.6
2 Manufacturing 74.5 73.1 73.5 74.0
3 Primary
processing (3) 74.7 73.3 74.6 76.2
4 Advanced
processing (4) 74.3 73.0 72.8 72.6
5 Durable goods 72.0 70.1 70.6 71.3
6 Lumber and
products 77.6 75.6 75.2 75.0
7 Primary metals 78.2 72.6 75.0 77.4
8 Iron and
steel 78.8 71.2 75.7 81.1
9 Nonferrous 77.5 74.0 74.1 73.3
10 Industrial
machinery and
equipment 69.9 67.5 68.5 69.1
11 Electrical
machinery 65.1 64.6 65.5 66.6
12 Motor vehicles
and parts 76.5 74.1 77.5 80.4
13 Aerospace and
miscellaneous
transportation
equipment 71.0 67.5 63.8 61.2
14 Nondurable goods 77.7 77.1 77.4 77.6
15 Textile mill
products 73.3 71.5 74.3 76.1
16 Paper and
products 78.1 76.1 75.1 77.0
17 Chemicals and
products 76.4 77.2 77.4 77.2
18 Plastics
materials 76.7 75.4 77.9 83.2
19 Petroleum
products 92.5 92.7 94.6 94.3
20 Mining 90.7 87.6 85.3 84.6
21 Utilities 86.3 83.6 84.3 86.7
22 Electric 88.9 86.7 86.0 87.8
1973 1975 Previous Latest
cycle (5) cycle (6)
Series High Low High Low High Low
Capacity utilization rate (percent) (2)
1 Total industry 89.2 72.6 87.3 71.1 85.4 78.1
2 Manufacturing 88.5 70.5 86.9 69.0 85.7 76.6
3 Primary
processing (3) 91.8 67.3 88.6 65.7 88.3 76.7
4 Advanced
processing (4) 86.5 72.5 86.3 71.0 84.2 76.6
5 Durable goods 89.2 68.9 87.7 63.9 84.6 73.1
6 Lumber and
products 88.7 61.2 87.9 60.8 93.6 75.5
7 Primary metals 100.2 65.9 94.2 45.1 92.7 73.7
8 Iron and steel 105.8 66.6 95.8 37.0 95.2 71.8
9 Nonferrous 90.8 59.8 91.1 60.1 89.3 74.2
10 Industrial
machinery and
equipment 96.0 74.3 93.2 64.0 85.4 72.3
11 Electrical
machinery 89.2 64.7 89.4 71.6 84.0 75.0
12 Motor vehicles
and parts 93.4 51.3 95.0 45.5 89.1 55.9
13 Aerospace and
miscellaneous
transportation
equipment 78.4 67.6 81.9 66.6 87.3 79.2
14 Nondurable goods 87.8 71.7 87.5 76.4 87.3 80.7
15 Textile mill
products 91.4 60.0 91.2 72.3 90.4 77.7
16 Paper and
products 97.1 69.2 96.1 80.6 93.5 85.0
17 Chemicals and
products 87.6 69.7 84.6 69.9 86.2 79.3
18 Plastics
materials 102.0 50.6 90.9 63.4 97.0 74.8
19 Petroleum
products 96.7 81.1 90.0 66.8 88.5 85.1
20 Mining 94.3 88.2 96.0 80.3 88.0 87.0
21 Utilities 96.2 82.9 89.1 75.9 92.6 83.4
22 Electric 99.0 82.7 88.2 78.9 95.0 87.1
2001 2002
Series Aug. Mar. Apr. May (r) June (r)
Capacity utilization rate (percent) (2)
1 Total industry 76.4 75.2 75.3 75.6 76.0
2 Manufacturing 74.6 73.7 73.6 74.0 74.3
3 Primary
processing (3) 74.8 75.1 75.4 76.4 76.6
4 Advanced
processing (4) 74.5 72.8 72.5 72.4 72.9
5 Durable goods 72.3 70.7 70.8 71.2 71.7
6 Lumber and
products 78.1 75.6 74.7 74.8 75.6
7 Primary metals 78.0 75.9 75.6 77.9 78.6
8 Iron and steel 78.8 76.8 77.7 83.1 82.7
9 Nonferrous 77.1 74.9 73.2 72.4 74.3
10 Industrial
machinery and
equipment 70.6 68.9 68.7 69.2 69.2
11 Electrical
machinery 65.1 65.7 66.0 67.2 66.8
12 Motor vehicles
and parts 76.7 77.9 79.7 79.3 82.2
13 Aerospace and
miscellaneous
transportation
equipment 70.8 62.7 61.8 61.0 60.9
14 Nondurable goods 77.7 77.6 77.3 77.6 77.9
15 Textile mill
products 73.7 76.4 76.3 76.6 75.5
16 Paper and
products 77.6 75.2 75.8 78.0 77.2
17 Chemicals and
products 76.5 77.2 76.7 77.2 77.7
18 Plastics
materials 77.6 80.3 80.4 85.2 84.1
19 Petroleum
products 92.2 94.9 95.0 94.3 93.5
20 Mining 90.4 84.5 84.4 84.2 85.2
21 Utilities 87.7 85.8 87.0 86.3 86.9
22 Electric 90.6 87.4 88.4 86.6 88.4
2002
Series July (r) Aug. (p)
Capacity utilization
rate (percent) (2)
1 Total industry 76.2 76.0
2 Manufacturing 74.5 74.4
3 Primary
processing (3) 77.0 77.0
4 Advanced
processing (4) 72.9 72.7
5 Durable goods 71.8 71.7
6 Lumber and
products 75.4 75.2
7 Primary metals 77.4 79.2
8 Iron and steel 81.2 84.7
9 Nonferrous 73.4 73.4
10 Industrial
machinery and
equipment 68.7 69.2
11 Electrical
machinery 66.4 66.4
12 Motor vehicles
and parts 85.3 83.9
13 Aerospace and
miscellaneous
transportation
equipment 59.8 59.8
14 Nondurable goods 78.1 77.9
15 Textile mill
products 78.2 77.9
16 Paper and
products 78.3 77.5
17 Chemicals and
products 78.4 77.9
18 Plastics
materials 82.4 83.6
19 Petroleum
products 94.1 94.3
20 Mining 84.8 85.4
21 Utilities 88.8 86.3
22 Electric 90.4 87.4
(1.) Data in this table also appear in the Board's G.17 (419) monthly
statistical release. The data are also available on the Board's web
site, http://www.federalreserve.gov/releases/g17. The latest historical
revision of the industrial production index and the capacity
utilization rates was released in November 2001. The recent annual
revision is described in the March 2002 issue of the Bulletin. For a
description of the methods of estimating industrial production and
capacity utilization, see "Industrial Production and Capacity
Utilization: Historical Revision and Recent Developments," Federal
Reserve Bulletin, vol. 83 (February 1997), pp. 67-92, and the
references cited therein. For details about the construction of
individual industrial production series, see "Industrial Production:
1989 Developments and Historical Revision," Federal Reserve Bulletin,
vol. 76 (April 1990), pp. 187-204.
(2.) Capacity utilization is calculated as the ratio of the Federal
Reserve's seasonally adjusted index of industrial production to the
corresponding index of capacity.
(3.) Primary processing includes textiles; lumber; paper; industrial
chemicals; synthetic materials; fertilizer materials; petroleum
products; rubber and plastics; stone, clay, and glass; primary metals;
fabricated metals; semiconductors and related electronic components;
and motor vehicle parts.
(4.) Advanced processing includes foods, tobacco, apparel, furniture
and fixtures, printing and publishing, chemical products such as drugs
and toiletries, agricultural chemicals, leather and products, machinery
except semiconductors and related electronic components, transportation
equipment except motor vehicle parts, instruments, and miscellaneous
manufacturing.
(5.) Monthly highs, 1978-80; monthly lows, 1982.
(6.) Monthly highs, 1988-89; monthly lows, 1990-91.
2.13 INDUSTRIAL PRODUCTION Indexes and Gross Value (1)
Monthly data seasonally adjusted
1992
SIC pro-
code por- 2001 2001
Group (2) tion avg. Aug.
Index (1992=100)
MAJOR MARKETS
1 Total index 100.0 140.1 140.0
2 Products 60.8 129.4 129.4
3 Final products 46.3 132.0 132.0
4 Consumer goods, total 29.0 120.7 121.4
5 Durable consumer
goods 5.8 151.3 154.1
6 Automotive products 2.5 149.9 155.6
7 Autos and trucks 1.6 160.5 169.1
8 Autos, consumer 0.9 94.0 90.6
9 Trucks,
consumer 0.7 231.4 252.6
10 Auto parts and
allied goods 0.9 133.5 134.5
11 Other 3.3 151.5 151.0
12 Appliances,
televisions,
and air
conditioners 0.9 283.2 289.5
13 Carpeting and
furniture 0.8 119.1 117.6
14 Miscellaneous
home goods 1.6 114.2 112.7
15 Nondurable consumer
goods 23.2 113.3 113.6
16 Foods and tobacco 10.4 108.8 108.7
17 Clothing 2.4 78.3 76.4
18 Chemical products 4.6 145.0 146.7
19 Paper products 2.9 105.5 105.7
20 Energy 3.0 117.4 117.8
21 Fuels 0.8 114.2 112.2
22 Residential
utilities 2.1 119.2 120.5
23 Equipment 17.3 152.3 150.5
24 Business equipment 13.2 175.9 173.3
25 Information
processing 5.4 279.5 271.9
26 Computer and office
equipment 1.1 948.2 925.5
27 Industrial 4.0 125.1 122.2
28 Transit 2.5 127.6 128.7
29 Autos and trucks 1.2 145.8 149.6
30 Other 1.3 139.1 139.8
31 Defense and space
equipment 3.4 74.0 73.5
32 Oil and gas well
drilling 0.6 140.2 143.1
33 Manufactured homes 0.2 93.7 97.9
34 Intermediate products,
total 14.5 121.4 121.6
35 Construction supplies 5.4 137.6 138.8
36 Business supplies 9.1 111.9 11.3
37 Materials 39.2 158.0 157.6
38 Durable goods materials 20.7 212.7 212.0
39 Durable consumer
parts 4.0 155.8 160.8
40 Equipment parts 7.5 441.8 429.6
41 Other 9.2 125.2 125.4
42 Basic metal
materials 3.1 113.7 113.6
43 Nondurable goods
materials 8.9 104.2 104.0
44 Textile materials 1.1 90.8 90.1
45 Paper materials 1.8 108.6 109.5
46 Chemical materials 4.0 102.8 102.2
47 Other 2.1 109.8 109.8
48 Energy materials 9.6 103.3 103.0
49 Primary energy 6.2 98.8 98.4
50 Converted fuel
materials 3.4 111.7 111.4
SPECIAL AGGREGATES
51 Total excluding autos and
trucks 97.3 139.8 139.4
52 Total excluding motor
vehicles and parts 95.3 139.0 138.5
53 Total excluding computer
and office equipment 98.4 134.2 134.1
54 Consumer goods excluding
autos and trucks 27.5 118.5 118.8
55 Consumer goods excluding
energy 26.1 121.1 121.8
56 Business equipment
excluding autos and
trucks 12.0 179.7 176.2
57 Business equipment
excluding computer and
office equipment 12.0 146.8 144.7
58 Materials excluding energy 29.6 175.7 175.2
MAJOR INDUSTRIES
59 Total index ... 100.0 140.1 140.0
60 Manufacturing ... 85.4 144.8 144.5
61 Primary processing ... 31.0 167.9 167.3
62 Advanced processing ... 54.4 132.0 131.7
63 Durable goods ... 44.8 179.3 178.9
64 Lumber and products 24 2.1 113.0 116.2
65 Furniture and fixtures 25 1.4 138.7 138.7
66 Stone, clay, and glass
products 32 2.1 130.8 130.8
67 Primary metals 33 3.1 116.9 117.5
68 Iron and steel 331,2 1.8 112.6 115.7
69 Raw steel 331PT 0.1 102.8 106.2
70 Nonferrous 333-6,9 1.4 122.3 119.9
71 Fabricated metal
products 34 5.0 130.4 131.0
72 Industrial machinery
and equipment 35 7.8 213.3 211.0
73 Computer and office
equipment 357 1.6 1,088.0 1,064.8
74 Electrical machinery 36 7.1 504.2 485.5
75 Transportation
equipment 37 9.4 128.5 131.6
76 Motor vehicles and
parts 371 4.7 162.9 169.9
77 Autos and light
trucks 371PT 2.5 154.1 160.9
78 Aerospace and
miscellaneous
transportation
equipment 372-6,9 4.7 96.3 95.7
79 Instruments 38 5.4 115.3 113.9
80 Miscellaneous 39 1.3 117.5 116.7
81 Nondurable goods ... 40.6 111.4 111.1
82 Foods 20 9.6 112.9 113.0
83 Tobacco products 21 1.6 93.8 93.2
84 Textile mill products 22 1.8 86.7 85.8
85 Apparel products 23 2.2 93.1 91.2
86 Paper and products 26 3.5 108.1 107.7
87 Printing and
publishing 27 6.8 101.6 100.7
88 Chemicals and products 28 10.0 121.1 121.2
89 Petroleum products 29 1.4 114.3 112.9
90 Rubber and plastics 30 3.5 136.8 137.3
91 Leather and products 31 0.3 63.1 62.8
92 Mining ... 6.8 101.3 101.4
93 Metal 10 0.4 88.4 87.9
94 Coal 12 1.0 111.7 111.7
95 Oil and gas extraction 13 4.8 96.1 96.3
96 Stone and earth minerals 14 0.6 132.6 132.2
97 Utilities ... 7.8 119.8 121.1
98 Electric 491,3PT 6.2 123.1 124.5
99 Gas 492,3PT 1.6 109.1 108.1
SPECIAL AGGREGATES
100 Manufacturing excluding
motor vehicles and parts ... 80.7 143.9 143.0
101 Manufacturing excluding
computers and office
equipment ... 83.8 138.0 137.7
102 Computers, communications
equipment, and
semiconductors ... 5.6 1,048.5 999.5
103 Manufacturing excluding
computers and
semiconductors ... 81.3 121.2 121.3
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors ... 79.8 118.2 118.4
Gross value (billions of 1996
dollars, annual rates)
MAJOR MARKETS
105 Products, total ... 100.0 2,720.1 2,732.0
106 Final ... 77.2 2,101.5 2,107.0
107 Consumer goods ... 51.9 1,303.7 1,312.1
108 Equipment ... 25.3 797.4 793.3
109 Intermediate ... 22.8 618.9 625.0
Group Sept. Oct. Nov. Dec.
Index (1992=100)
MAJOR MARKETS
1 Total index 138.5 137.7 137.2 136.7
2 Products 127.7 126.8 126.7 126.5
3 Final products 130.0 129.2 129.4 129.1
4 Consumer goods, total 119.9 119.6 120.0 120.6
5 Durable consumer
goods 151.8 146.2 152.1 156.2
6 Automotive products 152.5 145.4 155.4 160.7
7 Autos and trucks 163.9 154.5 170.7 177.8
8 Autos, consumer 92.7 86.9 94.8 101.1
9 Trucks,
consumer 239.8 226.5 251.5 259.5
10 Auto parts and
allied goods 134.8 131.3 131.3 133.6
11 Other 149.8 145.9 146.9 149.7
12 Appliances,
televisions,
and air
conditioners 288.2 271.9 280.1 297.9
13 Carpeting and
furniture 118.5 116.4 119.2 118.8
14 Miscellaneous
home goods 110.5 109.2 107.5 108.0
15 Nondurable consumer
goods 112.3 113.1 112.3 112.2
16 Foods and tobacco 107.7 108.2 108.6 109.0
17 Clothing 74.8 74.4 73.2 74.7
18 Chemical products 145.9 148.5 148.0 148.5
19 Paper products 105.1 103.9 102.1 100.2
20 Energy 114.8 116.9 113.4 111.6
21 Fuels 113.9 116.1 115.2 112.6
22 Residential
utilities 115.0 117.0 112.0 110.7
23 Equipment 147.1 145.4 145.0 142.7
24 Business equipment 168.4 166.9 167.2 164.3
25 Information
processing 266.0 267.9 269.1 265.5
26 Computer and office
equipment 903.0 913.2 927.8 941.2
27 Industrial 119.6 119.4 118.3 114.5
28 Transit 124.6 119.2 118.6 118.7
29 Autos and trucks 143.6 136.2 143.6 151.4
30 Other 131.7 129.2 134.2 130.2
31 Defense and space
equipment 73.8 74.2 74.3 74.7
32 Oil and gas well
drilling 140.4 127.2 114.4 107.8
33 Manufactured homes 102.9 100.2 99.5 97.7
34 Intermediate products,
total 120.7 119.6 118.9 118.6
35 Construction supplies 138.1 134.6 134.0 135.6
36 Business supplies 110.4 110.7 109.8 108.6
37 Materials 156.5 155.9 154.8 153.6
38 Durable goods materials 209.4 207.9 206.5 206.0
39 Durable consumer
parts 155.3 152.3 155.0 157.5
40 Equipment parts 430.4 431.7 427.9 426.7
41 Other 123.8 122.5 120.5 119.0
42 Basic metal
materials 113.3 111.0 106.7 101.9
43 Nondurable goods
materials 104.2 104.7 103.1 101.1
44 Textile materials 89.0 87.2 84.7 84.5
45 Paper materials 110.5 112.4 106.9 103.1
46 Chemical materials 102.1 103.5 102.2 99.3
47 Other 110.2 108.8 110.4 111.2
48 Energy materials 103.1 102.6 102.6 101.6
49 Primary energy 99.4 98.2 98.8 97.9
50 Converted fuel
materials 109.3 110.9 109.1 107.9
SPECIAL AGGREGATES
51 Total excluding autos and
trucks 138.0 137.5 136.6 135.8
52 Total excluding motor
vehicles and parts 137.2 136.8 135.8 134.9
53 Total excluding computer
and office equipment 132.8 132.0 131.5 130.9
54 Consumer goods excluding
autos and trucks 117.6 117.8 117.2 117.4
55 Consumer goods excluding
energy 120.6 119.9 120.8 121.7
56 Business equipment
excluding autos and
trucks 171.5 170.8 170.1 165.7
57 Business equipment
excluding computer and
office equipment 140.6 139.0 139.1 136.3
58 Materials excluding energy 173.7 173.0 171.5 170.3
MAJOR INDUSTRIES
59 Total index 138.5 137.7 137.2 136.7
60 Manufacturing 142.9 142.1 142.0 141.6
61 Primary processing 166.6 165.6 164.4 163.5
62 Advanced processing 129.8 129.1 129.5 129.3
63 Durable goods 176.1 173.9 174.3 174.1
64 Lumber and products 116.4 112.8 112.4 113.0
65 Furniture and fixtures 135.1 133.5 134.8 135.4
66 Stone, clay, and glass
products 129.9 130.3 128.8 126.3
67 Primary metals 116.4 113.6 110.2 103.6
68 Iron and steel 112.7 110.4 107.1 94.6
69 Raw steel 105.8 99.5 95.1 85.5
70 Nonferrous 121.2 117.6 114.1 114.2
71 Fabricated metal
products 128.7 127.5 127.2 129.1
72 Industrial machinery
and equipment 205.1 202.8 203.4 200.4
73 Computer and office
equipment 1,035.7 1,049.1 1,067.2 1,087.0
74 Electrical machinery 484.6 484.8 485.1 487.3
75 Transportation
equipment 128.5 124.6 127.2 129.1
76 Motor vehicles and
parts 164.2 157.3 165.9 172.1
77 Autos and light
trucks 156.6 147.4 162.7 169.6
78 Aerospace and
miscellaneous
transportation
equipment 95.0 93.8 91.0 88.9
79 Instruments 112.8 113.6 113.7 112.8
80 Miscellaneous 114.5 113.6 110.7 114.1
81 Nondurable goods 110.5 110.8 110.2 109.7
82 Foods 111.7 112.2 113.0 114.0
83 Tobacco products 92.7 92.8 92.7 90.8
84 Textile mill products 85.9 83.0 81.9 82.5
85 Apparel products 89.4 87.8 87.3 88.8
86 Paper and products 109.7 108.1 106.2 103.1
87 Printing and
publishing 99.7 99.8 98.9 97.3
88 Chemicals and products 121.0 123.2 122.4 121.4
89 Petroleum products 112.1 114.9 114.0 112.2
90 Rubber and plastics 136.5 134.4 133.4 134.8
91 Leather and products 61.4 60.0 59.2 58.4
92 Mining 102.1 99.5 99.0 97.4
93 Metal 91.2 85.6 80.0 80.1
94 Coal 111.7 106.5 106.6 105.8
95 Oil and gas extraction 97.0 94.8 94.5 92.6
96 Stone and earth minerals 131.2 129.6 129.5 129.8
97 Utilities 118.1 119.4 116.2 115.2
98 Electric 121.0 122.3 121.8 119.3
99 Gas 106.9 108.0 96.2 100.5
SPECIAL AGGREGATES
100 Manufacturing excluding
motor vehicles and parts 141.7 141.3 140.6 139.7
101 Manufacturing excluding
computers and office
equipment 136.2 135.4 135.3 134.8
102 Computers, communications
equipment, and
semiconductors 994.8 1,002.4 1,002.5 1,006.0
103 Manufacturing excluding
computers and
semiconductors 119.9 119.1 118.9 118.4
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors 117.0 116.3 116.1 115.7
Gross value (billions of 1996
dollars, annual rates)
MAJOR MARKETS
105 Products, total 2,694.5 2,669.6 2,679.2 2,683.2
106 Final 2,075.1 2,056.7 2,070.6 2,075.1
107 Consumer goods 1,298.5 1,291.1 1,301.9 1,313.7
108 Equipment 773.1 761.0 763.5 753.5
109 Intermediate 619.4 612.9 608.8 608.3
2002
Group Jan. Feb. Mar. Apr.
Index (1992=100)
MAJOR MARKETS
1 Total index 137.6 138.1 138.6 138.8
2 Products 126.7 126.9 127.4 127.0
3 Final products 129.3 129.4 129.6 129.2
4 Consumer goods, total 120.6 121.2 121.7 121.4
5 Durable consumer
goods 154.5 155.4 156.8 157.9
6 Automotive products 158.3 158.1 159.6 162.4
7 Autos and trucks 175.0 173.4 173.7 179.0
8 Autos, consumer 101.2 110.5 102.5 104.1
9 Trucks,
consumer 253.6 240.6 249.7 258.9
10 Auto parts and
allied goods 132.0 134.0 137.4 136.2
11 Other 148.7 151.1 152.2 151.3
12 Appliances,
televisions,
and air
conditioners 295.1 304.8 308.6 299.9
13 Carpeting and
furniture 117.2 118.8 118.3 119.4
14 Miscellaneous
home goods 108.0 108.7 110.0 109.8
15 Nondurable consumer
goods 112.6 113.1 113.4 112.8
16 Foods and tobacco 109.2 109.7 110.4 109.9
17 Clothing 75.4 74.9 75.7 74.6
18 Chemical products 149.4 147.6 146.7 144.7
19 Paper products 98.8 98.1 98.5 96.7
20 Energy 113.5 118.3 118.4 120.8
21 Fuels 117.4 116.5 115.4 117.7
22 Residential
utilities 111.1 118.9 119.7 122.1
23 Equipment 143.3 142.2 141.7 141.3
24 Business equipment 165.3 164.0 163.5 162.9
25 Information
processing 268.2 267.9 269.1 266.6
26 Computer and office
equipment 969.2 998.7 1,020.7 1,012.6
27 Industrial 116.1 113.5 113.6 113.3
28 Transit 116.4 116.8 114.1 113.8
29 Autos and trucks 150.5 155.7 154.6 158.6
30 Other 133.1 130.5 131.2 132.5
31 Defense and space
equipment 74.9 74.9 74.9 75.3
32 Oil and gas well
drilling 107.3 105.3 104.5 102.0
33 Manufactured homes 93.1 89.1 81.5 82.4
34 Intermediate products,
total 118.9 119.4 120.8 120.3
35 Construction supplies 136.3 136.8 139.7 138.3
36 Business supplies 108.5 109.1 109.6 109.6
37 Materials 155.8 157.1 157.4 158.8
38 Durable goods materials 209.4 211.6 212.1 214.2
39 Durable consumer
parts 161.4 162.9 163.4 165.8
40 Equipment parts 434.0 439.7 440.8 444.9
41 Other 120.5 121.5 121.8 122.7
42 Basic metal
materials 106.9 107.9 109.1 108.1
43 Nondurable goods
materials 103.3 103.4 104.1 104.8
44 Textile materials 84.9 87.4 90.3 88.8
45 Paper materials 106.9 103.3 103.2 105.8
46 Chemical materials 102.8 104.1 105.4 105.9
47 Other 110.4 110.0 108.9 109.5
48 Energy materials 101.6 102.6 102.1 103.0
49 Primary energy 97.6 97.7 96.9 97.6
50 Converted fuel
materials 108.6 111.6 112.0 113.3
SPECIAL AGGREGATES
51 Total excluding autos and
trucks 136.7 137.3 137.8 137.8
52 Total excluding motor
vehicles and parts 135.8 136.3 136.7 136.7
53 Total excluding computer
and office equipment 131.7 132.2 132.6 132.8
54 Consumer goods excluding
autos and trucks 117.6 118.3 118.8 118.2
55 Consumer goods excluding
energy 121.5 121.5 122.1 121.4
56 Business equipment
excluding autos and
trucks 167.0 164.7 164.4 163.1
57 Business equipment
excluding computer and
office equipment 136.8 135.2 134.5 134.0
58 Materials excluding energy 173.4 174.7 175.3 176.9
MAJOR INDUSTRIES
59 Total index 137.6 138.1 138.6 138.8
60 Manufacturing 142.6 142.9 143.4 143.4
61 Primary processing 166.6 168.0 169.4 170.3
62 Advanced processing 129.3 129.0 129.1 128.7
63 Durable goods 175.7 176.0 176.6 177.2
64 Lumber and products 112.9 111.0 112.9 111.6
65 Furniture and fixtures 133.6 135.0 134.8 134.8
66 Stone, clay, and glass
products 127.7 127.8 127.7 129.6
67 Primary metals 111.3 111.8 113.1 112.1
68 Iron and steel 107.1 110.6 110.2 110.7
69 Raw steel 100.0 101.3 101.2 101.2
70 Nonferrous 116.5 113.5 116.8 114.1
71 Fabricated metal
products 128.7 127.7 127.9 128.2
72 Industrial machinery
and equipment 204.5 205.3 207.1 206.8
73 Computer and office
equipment 1,118.5 1,155.8 1,185.5 1,177.6
74 Electrical machinery 494.0 500.8 503.1 507.9
75 Transportation
equipment 128.2 128.9 128.2 129.6
76 Motor vehicles and
parts 171.8 174.5 174.9 179.3
77 Autos and light
trucks 167.1 166.9 166.2 171.1
78 Aerospace and
miscellaneous
transportation
equipment 87.4 86.4 84.7 83.3
79 Instruments 113.8 112.4 112.8 112.2
80 Miscellaneous 114.6 114.6 116.4 115.8
81 Nondurable goods 110.3 110.5 110.9 110.5
82 Foods 113.5 113.7 114.4 114.0
83 Tobacco products 93.1 95.0 95.3 94.4
84 Textile mill products 82.5 85.1 87.2 86.7
85 Apparel products 89.4 88.4 89.5 88.3
86 Paper and products 105.1 103.5 104.5 105.3
87 Printing and
publishing 96.6 96.0 95.4 94.9
88 Chemicals and products 123.0 122.9 122.8 122.2
89 Petroleum products 114.8 117.2 116.7 116.9
90 Rubber and plastics 134.7 136.6 139.1 139.2
91 Leather and products 60.3 60.1 60.0 59.5
92 Mining 97.0 96.6 95.4 95.3
93 Metal 75.2 78.2 80.0 75.3
94 Coal 104.5 107.0 99.0 101.8
95 Oil and gas extraction 92.0 91.2 90.6 90.3
96 Stone and earth minerals 133.7 132.5 132.2 132.5
97 Utilities 115.7 120.3 121.8 123.9
98 Electric 119.8 121.9 124.6 126.6
99 Gas 101.0 113.7 111.4 113.9
SPECIAL AGGREGATES
100 Manufacturing excluding
motor vehicles and parts 140.8 140.9 141.5 141.2
101 Manufacturing excluding
computers and office
equipment 135.8 135.9 136.4 136.4
102 Computers, communications
equipment, and
semiconductors 1,032.2 1,065.5 1,077.4 1,088.0
103 Manufacturing excluding
computers and
semiconductors 119.1 119.0 119.3 119.2
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors 116.4 116.4 116.7 116.6
Gross value (billions of 1996
dollars, annual rates)
MAJOR MARKETS
105 Products, total 2,686.4 2,694.3 2,707.4 2,704.2
106 Final 2,076.9 2,080.4 2,084.4 2,085.6
107 Consumer goods 1,312.6 1,318.7 1,324.4 1,325.9
108 Equipment 757.1 753.3 750.5 750.1
109 Intermediate 609.7 614.0 623.0 618.6
2002
Group May (r) June (r) July (r) Aug. (p)
Index (1992=100)
MAJOR MARKETS
1 Total index 139.4 140.3 140.9 140.5
2 Products 127.3 128.0 128.3 128.0
3 Final products 129.3 130.3 130.7 130.2
4 Consumer goods, total 121.4 122.3 123.0 122.4
5 Durable consumer
goods 159.0 161.2 164.6 163.2
6 Automotive products 162.7 169.0 175.1 174.1
7 Autos and trucks 178.2 185.8 197.1 195.1
8 Autos, consumer 102.3 104.5 107.2 102.0
9 Trucks,
consumer 259.1 272.4 292.7 294.0
10 Auto parts and
allied goods 138.3 142.3 140.0 140.8
11 Other 153.3 150.7 150.9 149.0
12 Appliances,
televisions,
and air
conditioners 312.8 295.7 292.6 291.2
13 Carpeting and
furniture 119.1 116.0 117.3 115.8
14 Miscellaneous
home goods 110.4 111.6 112.0 110.0
15 Nondurable consumer
goods 112.6 113.2 113.4 112.9
16 Foods and tobacco 109.3 109.6 108.8 108.5
17 Clothing 74.5 74.2 74.9 73.5
18 Chemical products 144.0 146.7 147.7 147.1
19 Paper products 97.7 98.9 99.2 100.6
20 Energy 121.6 120.4 122.8 121.0
21 Fuels 115.6 114.5 115.8 116.4
22 Residential
utilities 124.4 123.2 126.1 123.1
23 Equipment 141.6 142.6 142.3 142.1
24 Business equipment 163.2 164.2 163.7 163.1
25 Information
processing 265.1 265.4 262.7 262.4
26 Computer and office
equipment 1,001.1 995.0 995.7 1,003.7
27 Industrial 116.5 116.1 115.4 115.6
28 Transit 111.9 113.7 115.8 112.2
29 Autos and trucks 159.2 166.4 175.8 169.3
30 Other 132.1 135.7 134.0 137.6
31 Defense and space
equipment 75.7 76.2 76.7 77.4
32 Oil and gas well
drilling 101.4 104.4 104.1 104.6
33 Manufactured homes 84.8 84.3 84.4 84.3
34 Intermediate products,
total 120.9 121.3 121.2 121.0
35 Construction supplies 139.6 140.2 138.3 139.2
36 Business supplies 109.9 110.1 111.0 110.3
37 Materials 160.2 161.3 162.5 162.2
38 Durable goods materials 216.2 217.9 219.1 219.4
39 Durable consumer
parts 166.0 167.3 170.6 168.8
40 Equipment parts 452.7 456.9 458.7 464.6
41 Other 123.6 124.4 124.3 124.1
42 Basic metal
materials 109.9 110.9 109.5 110.9
43 Nondurable goods
materials 107.1 107.0 107.7 107.7
44 Textile materials 89.7 87.9 92.0 90.9
45 Paper materials 109.1 106.3 108.9 107.7
46 Chemical materials 108.6 108.9 109.3 109.6
47 Other 110.9 113.2 111.0 111.9
48 Energy materials 102.4 103.4 105.1 103.7
49 Primary energy 96.5 98.0 98.4 98.0
50 Converted fuel
materials 113.4 113.5 117.7 114.5
SPECIAL AGGREGATES
51 Total excluding autos and
trucks 138.5 139.1 139.4 139.1
52 Total excluding motor
vehicles and parts 137.4 137.9 138.1 137.9
53 Total excluding computer
and office equipment 133.4 134.3 134.9 134.5
54 Consumer goods excluding
autos and trucks 118.2 118.7 118.8 118.3
55 Consumer goods excluding
energy 121.4 122.5 123.0 122.6
56 Business equipment
excluding autos and
trucks 163.3 163.4 161.4 161.7
57 Business equipment
excluding computer and
office equipment 134.4 135.4 134.9 134.3
58 Materials excluding energy 179.1 180.1 181.2 181.3
MAJOR INDUSTRIES
59 Total index 139.4 140.3 140.9 140.5
60 Manufacturing 144.2 145.0 145.5 145.3
61 Primary processing 172.9 173.6 174.8 174.9
62 Advanced processing 128.7 129.5 129.7 129.4
63 Durable goods 178.4 179.7 180.3 180.3
64 Lumber and products 111.8 113.1 112.9 112.6
65 Furniture and fixtures 134.7 133.1 134.0 132.7
66 Stone, clay, and glass
products 130.0 129.3 129.0 129.0
67 Primary metals 115.2 115.7 113.4 115.5
68 Iron and steel 117.5 116.0 113.0 116.9
69 Raw steel 100.9 108.4 108.5 109.5
70 Nonferrous 112.9 115.8 114.3 114.3
71 Fabricated metal
products 130.0 130.6 131.4 130.7
72 Industrial machinery
and equipment 208.3 208.6 206.9 208.6
73 Computer and office
equipment 1,165.2 1,158.6 1,158.8 1,168.0
74 Electrical machinery 520.1 520.1 520.3 524.1
75 Transportation
equipment 128.8 132.0 134.7 133.3
76 Motor vehicles and
parts 178.8 185.7 193.0 190.2
77 Autos and light
trucks 170.3 177.4 187.9 185.8
78 Aerospace and
miscellaneous
transportation
equipment 82.3 82.0 80.5 80.5
79 Instruments 111.6 111.9 112.3 112.2
80 Miscellaneous 117.8 120.1 119.7 119.4
81 Nondurable goods 111.0 111.4 111.7 111.5
82 Foods 113.2 113.6 112.9 113.2
83 Tobacco products 94.5 95.1 93.7 91.6
84 Textile mill products 86.8 85.4 88.3 87.6
85 Apparel products 88.7 88.8 89.0 87.8
86 Paper and products 108.3 107.0 108.5 107.3
87 Printing and
publishing 95.3 95.8 95.6 96.5
88 Chemicals and products 123.3 124.3 125.8 125.2
89 Petroleum products 116.0 115.1 115.9 116.1
90 Rubber and plastics 140.2 142.3 142.3 141.8
91 Leather and products 59.2 59.1 61.0 59.0
92 Mining 95.1 96.2 95.7 96.5
93 Metal 77.3 78.9 79.0 80.2
94 Coal 101.7 103.3 101.6 103.1
95 Oil and gas extraction 89.7 90.6 90.5 91.0
96 Stone and earth minerals 134.7 135.9 134.6 135.9
97 Utilities 123.3 124.6 127.7 124.5
98 Electric 124.4 127.5 130.9 126.9
99 Gas 119.1 113.6 115.0 114.9
SPECIAL AGGREGATES
100 Manufacturing excluding
motor vehicles and parts 142.1 142.5 142.5 142.5
101 Manufacturing excluding
computers and office
equipment 137.2 138.0 138.5 138.3
102 Computers, communications
equipment, and
semiconductors 1,107.5 1,117.4 1,120.0 1,137.9
103 Manufacturing excluding
computers and
semiconductors 119.8 120.5 120.8 120.4
104 Manufacturing excluding
computers, communications
equipment, and
semiconductors 117.2 117.8 118.2 117.9
Gross value (billions of 1996
dollars, annual rates)
MAJOR MARKETS
105 Products, total 2,710.7 2,731.4 2,744.5 2,736.4
106 Final 2,088.7 2,106.8 2,121.1 2,113.2
107 Consumer goods 1,326.5 1,337.0 1,348.5 1,343.8
108 Equipment 752.9 760.8 762.7 759.4
109 Intermediate 622.0 624.7 623.6 623.4
(1.) Data in this table appear in the Board's G.17 (419) monthly
statistical release. The data are also available on the Board's web
site, http://www.federalreserve.gov/releases/g17. The latest historical
revision of the industrial production index and the capacity
utilization rates was released in November 2001. The recent annual
revision is described in the March 2002 issue of the Bulletin. For a
description of the methods of estimating industrial production and
capacity utilization, see "Industrial Production and Capacity
Utilization: Historical Revision and Recent Developments," Federal
Reserve Bulletin, vol. 83 (February 1997), pp. 67-92, and the
references cited therein. For details about the construction of
individual industrial production series, see "Industrial Production:
1989 Developments and Historical Revision," Federal Reserve Bulletin,
vol. 76 (April 1990), pp. 187-204.
(2.) Standard Industrial Classification.
3.10 U.S. INTERNATIONAL TRANSACTIONS Summary
Millions of dollars; quarterly data seasonally adjusted except as
noted (1)
Item credits or debits 1999 2000
1 Balance on current
account -292,856 -410,341
2 Balance on goods
and services -262,237 (r) -378,681 (r)
3 Exports 957,146 1,064,239
4 Imports -1,219,383 -1,442,920
5 Income, net 18,138 (r) 21,782 (r)
6 Investment, net 23,877 27,651
7 Direct 75,009 88,862
8 Portfolio -51,132 -61,211
9 Compensation of
employees -5,739 -5,869
10 Unilateral current
transfers, net -48,757 -53,442
11 Change in U.S.
government assets
other than official
reserve assets, net
(increase, -) 2,750 -941
12 Change in U.S.
official reserve
assets (increase,
-) 8,747 -290
13 Gold 0 0
14 Special drawing
rights (SDRs) 10 -722
15 Reserve position in
International
Monetary Fund 5,484 2,308
16 Foreign currencies 3,253 -1,876
17 Change in U.S.
private assets
abroad (increase,
-) -489,066 -605,258
18 Bank-reported
claims (2) -76,263 -148,657
19 Nonbank-reported
claims -95,466 -150,805
20 U.S. purchase of
foreign
securities, net -128,436 -127,502
21 U.S. direct
investments
abroad, net -188,901 -178,294
22 Change in foreign
official assets in
United States
(increase, +) 43,666 (r) 37,640 (r)
23 U.S. Treasury
securities 12,177 -10,233
24 Other U.S.
government
obligations 20,350 40,909
25 Other U.S.
government
liabilities (2) -2,740 (r) -1,909 (r)
26 Other U.S.
liabilities
reported by U.S.
banks (2) 12,964 5,746 (r)
27 Other foreign
official
assets (3) 915 3,127
28 Change in foreign
private assets
in United States
(increase, +) 698,813 (r) 978,346 (r)
29 U.S. bank-reported
liabilities (4) 54,232 116,971 (r)
30 U.S. nonbank-
reported
liabilities 78,383 (r) 174,251 (r)
31 Foreign private
purchases of U.S.
Treasury
securities, net -44,497 (r) -76,965 (r)
32 U.S. currency flows 22,407 1,129
33 Foreign purchases
of other U.S.
securities, net 298,834 (r) 455,213 (r)
34 Foreign direct
investments in
United States,
net 289,454 (r) 307,747 (r)
35 Capital account
transactions,
net (5) -3,340 837
36 Discrepancy 31,286 (r) 7 (r)
37 Due to seasonal
adjustment ... ...
38 Before seasonal
adjustment 31,286 7
MEMO
Changes in official
assets
39 U.S. official reserve
assets (increase,
-) 8,747 -290
40 Foreign official
assets in United
States, excluding
line 25 (increase,
+) 46,406 39,549 (r)
41 Change in
Organization of
Petroleum Exporting
Countries official
assets in United
States (part of
line 22) 1,621 12,000
2001
Item credits or debits 2001 Q2 Q3
1 Balance on current
account -393,371 -99,234 -91,331
2 Balance on goods
and services -358,290 (r) -93,324 -79,778
3 Exports 998,022 256,766 242,325
4 Imports -1,356,312 -350,090 -322,103
5 Income, net 14,382 (r) 6,006 807
6 Investment, net 20,539 7,526 2,345
7 Direct 102,595 27,832 23,908
8 Portfolio -82,056 -20,306 -21,563
9 Compensation of
employees -6,157 -1,520 -1,538
10 Unilateral current
transfers, net -49,463 -11,916 -12,360
11 Change in U.S.
government assets
other than official
reserve assets, net
(increase, -) -486 -783 77
12 Change in U.S.
official reserve
assets (increase,
-) -4,911 -1,343 -3,559
13 Gold 0 0 0
14 Special drawing
rights (SDRs) -630 -156 -145
15 Reserve position in
International
Monetary Fund -3,600 -1,015 -3,242
16 Foreign currencies -681 -172 -172
17 Change in U.S.
private assets
abroad (increase,
-) -365,565 -77,910 28,460
18 Bank-reported
claims (2) -128,705 -685 69,576
19 Nonbank-reported
claims -14,358 9,670 -9,479
20 U.S. purchase of
foreign
securities, net -94,662 -51,764 10,087
21 U.S. direct
investments
abroad, net -127,840 -35,131 -41,724
22 Change in foreign
official assets in
United States
(increase, +) 5,224 (r) -20,831 16,882
23 U.S. Treasury
securities 10,745 (r) -20,798 15,810
24 Other U.S.
government
obligations 20,920 9,932 -216
25 Other U.S.
government
liabilities (2) -1,882 (r) -791 89
26 Other U.S.
liabilities
reported by U.S.
banks (2) -30,278 (r) -10,202 -782
27 Other foreign
official
assets (3) 5,719 1,028 1,981
28 Change in foreign
private assets
in United States
(increase, +) 747,582 (r) 202,441 1,007
29 U.S. bank-reported
liabilities (4) 110,667 (r) 55,003 -45,567
30 U.S. nonbank-
reported
liabilities 82,353 (r) -5,307 -25,154
31 Foreign private
purchases of U.S.
Treasury
securities, net -7,670 (r) -14,685 -15,470
32 U.S. currency flows 23,783 2,772 8,203
33 Foreign purchases
of other U.S.
securities, net 407,653 (r) 113,556 64,787
34 Foreign direct
investments in
United States,
net 130,796 (r) 51,102 14,208
35 Capital account
transactions,
net (5) 826 207 206
36 Discrepancy 10,701 (r) -2,547 48,258
37 Due to seasonal
adjustment ... 875 -10,286
38 Before seasonal
adjustment 10,701 -3,422 58,544
MEMO
Changes in official
assets
39 U.S. official reserve
assets (increase,
-) -4,911 -1,343 -3,559
40 Foreign official
assets in United
States, excluding
line 25 (increase,
+) 7,106 (r) -20,040 16,793
41 Change in
Organization of
Petroleum Exporting
Countries official
assets in United
States (part of
line 22) -1,725 -1,699 -4,081
2001 2002
Item credits or debits Q4 Q1 (r) Q2 (p)
1 Balance on current
account -95,086 -112,454 -129,959
2 Balance on goods
and services -88,028 -95,492 -110,613
3 Exports 232,930 233,252 243,752
4 Imports -320,958 -328,744 -354,365
5 Income, net 6,521 -946 -6,286
6 Investment, net 8,102 682 -4,628
7 Direct 28,602 22,069 17,671
8 Portfolio -20,500 -21,387 -22,299
9 Compensation of
employees -1,581 -1,628 -1,658
10 Unilateral current
transfers, net -13,579 -16,016 -13,060
11 Change in U.S.
government assets
other than official
reserve assets, net
(increase, -) 143 133 12
12 Change in U.S.
official reserve
assets (increase,
-) -199 390 -1,843
13 Gold 0 0 0
14 Special drawing
rights (SDRs) -140 -109 -107
15 Reserve position in
International
Monetary Fund 83 652 -1,607
16 Foreign currencies -142 -153 -129
17 Change in U.S.
private assets
abroad (increase,
-) -100,032 -26,441 -139,002
18 Bank-reported
claims (2) -83,682 727 -72,676
19 Nonbank-reported
claims 37,210 65 -26,976
20 U.S. purchase of
foreign
securities, net -26,090 2,047 -9,987
21 U.S. direct
investments
abroad, net -27,470 -29,280 -29,363
22 Change in foreign
official assets in
United States
(increase, +) 5,086 7,641 47,062
23 U.S. Treasury
securities 16,760 -582 15,193
24 Other U.S.
government
obligations 7,630 7,296 6,548
25 Other U.S.
government
liabilities (2) -504 -790 -20
26 Other U.S.
liabilities
reported by U.S.
banks (2) -20,507 991 24,415
27 Other foreign
official
assets (3) 1,707 726 926
28 Change in foreign
private assets
in United States
(increase, +) 245,711 105,855 174,151
29 U.S. bank-reported
liabilities (4) 85,598 -11,051 34,889
30 U.S. nonbank-
reported
liabilities 1,170 32,345 25,956
31 Foreign private
purchases of U.S.
Treasury
securities, net 27,229 -7,282 1,386
32 U.S. currency flows 10,497 4,525 7,183
33 Foreign purchases
of other U.S.
securities, net 99,320 71,095 103,771
34 Foreign direct
investments in
United States,
net 21,897 16,223 966
35 Capital account
transactions,
net (5) 205 208 200
36 Discrepancy -55,828 24,668 49,379
37 Due to seasonal
adjustment 1,721 10,019 827
38 Before seasonal
adjustment -57,549 14,649 48,552
MEMO
Changes in official
assets
39 U.S. official reserve
assets (increase,
-) -199 390 -1,843
40 Foreign official
assets in United
States, excluding
line 25 (increase,
+) 5,590 8,431 47,082
41 Change in
Organization of
Petroleum Exporting
Countries official
assets in United
States (part of
line 22) 3,382 -8,532 993
(1.) Seasonal factors are not calculated for lines 11-16, 18-20, 22-35,
and 38-41.
(2.) Associated primarily with military sales contracts and other
transactions arranged with or through foreign official agencies.
(3.) Consists of investments in U.S. corporate stocks and in debt
securities of private corporations and state and local governments.
(4.) Reporting banks included all types of depository institutions as
well as some brokers and dealers.
(5.) Consists of capital transfers (such as those of accompanying
migrants entering or leaving the country and debt forgiveness) and the
acquisition and disposal of nonproduced nonfinancial assets.
SOURCE. U.S. Department of Commerce, Bureau of Economic Analysis,
Survey of Current Business.
3.12 U.S. RESERVE ASSETS
Millions of dollars, end of period
Asset 1999 2000 2001 Feb. Mar.
1 Total 71,516 67,647 68,654 67,357 67,574
2 Gold stock (1) 11,048 11,046 11,045 11,044 11,044
3 Special drawing
rights (2,3) 10,336 10,539 10,774 10,763 10,809
4 Reserve position
in International
Monetary Fund (2) 17,950 14,824 17,854 17,169 17,078
5 Foreign currencies
(4) 32,182 31,238 28,981 28,381 28,643
2002
Asset Apr. May June July Aug.
1 Total 67,844 69,579 74,696 74,751 75,307
2 Gold stock (1) 11,044 11,044 11,044 11,042 11,042
3 Special drawing
rights (2,3) 10,988 11,297 11,645 11,575 11,752
4 Reserve position
in International
Monetary Fund (2) 16,184 16,498 19,841 19,863 20,043
5 Foreign currencies
(4) 29,628 30,740 32,166 32,271 32,470
2002
Asset Sept. (p)
1 Total 75,860
2 Gold stock (1) 11,042
3 Special drawing
rights (2,3) 11,710
4 Reserve position
in International
Monetary Fund (2) 20,857
5 Foreign currencies
(4) 32,251
(1.) Gold held "under earmark" at Federal Reserve Banks for foreign and
international accounts is not included in the gold stock of the United
States; see table 3.13, line 3. Gold stock is valued at $42.22 per fine
troy ounce.
(2.) Special drawing rights (SDRs) are valued according to a technique
adopted by the International Monetary Fund (IMF) in July 1974. Values
are based on a weighted average of exchange rates for the currencies of
member countries. From July 1974 through December 1980, sixteen
currencies were used; since January 1981, five currencies have been
used. U.S. SDR holdings and reserve positions in the IMF also have
been valued on this basis since July 1974.
(3.) Includes allocations of SDRs by the International Monetary Fund on
Jan. 1 of the year indicated, as follows: 1970-$867 million; 1971-$717
million; 1972-$710 million; 1979-$1,139 million; 1980-$1,152 million;
1981-$1,093 million; plus net transactions in SDRs.
(4.) Valued at current market exchange rates.
3.13 FOREIGN OFFICIAL ASSETS HELD AT FEDERAL RESERVE BANKS (1)
Millions of dollars, end of period
2002
Asset 1999 2000 2001 Feb. Mar.
1 Deposits 71 215 61 89 256
Held in custody
2 U.S. Treasury
securities (2) 632,482 594,094 592,630 591,202 593,865
3 Earmarked gold (3) 9,933 9,451 9,099 9,098 9,098
2002
Asset Apr. May June July Aug.
1 Deposits 111 127 90 164 86
Held in custody
2 U.S. Treasury
securities (2) 589,531 605,501 619,226 635,036 638,003
3 Earmarked gold (3) 9,091 9,084 9,077 9,071 9,064
2002
Asset Sept. (p)
1 Deposits 150
Held in custody
2 U.S. Treasury
securities (2) 644,381
3 Earmarked gold (3) 9,057
(1.) Excludes deposits and U.S. Treasury securities held for
international and regional organizations
(2.) Marketable U.S. Treasury bills, notes, and bonds and nonmarketable
U.S. Treasury securities, in each case measured at face (not market)
value.
(3.) Held in foreign and international accounts and valued at $42.22 per
fine troy ounce; not included in the gold stock of the United States.
3.15 SELECTED U.S. LIABILITIES TO FOREIGN OFFICIAL INSTITUTIONS
Millions of dollars, end of period
2000 2000
Item 1999 Mar. (6) Mar. (6) Dec.
1 Total (1) 806,318 829,290 958,725 975,304
By type
2 Liabilities reported
by banks in the
United States (2) 138,847 136,577 136,577 144,593
3 U.S. Treasury bills
and certificates (3) 156,177 164,781 164,781 153,010
U.S. Treasury bonds
and notes
4 Marketable 422,266 430,243 465,111 450,832
5 Nonmarketable (4) 6,111 5,734 5,734 5,348
6 U.S. securities other
than U.S. Treasury
securities (5) 82,917 91,955 186,522 221,521
By area
7 Europe (1) 244,805 251,815 238,548 240,325
8 Canada 12,503 13,683 15,016 13,727
9 Latin America and
Caribbean 73,518 77,195 70,884 70,442
10 Asia 463,703 474,269 612,116 626,017
11 Africa 7,523 7,979 13,504 14,690
12 Other countries 4,266 4,349 8,655 10,101
2001 2002
Item Dec. Apr. May June
1 Total (1) 987,261 999,274 1,013,699 1,043,151
By type
2 Liabilities reported
by banks in the
United States (2) 123,125 133,120 139,021 148,908
3 U.S. Treasury bills
and certificates (3) 161,719 155,770 162,516 176,178
U.S. Treasury bonds
and notes
4 Marketable 454,306 452,777 452,708 454,869
5 Nonmarketable (4) 3,411 3,179 3,199 3,000
6 U.S. securities other
than U.S. Treasury
securities (5) 244,700 254,428 256,255 260,196
By area
7 Europe (1) 243,137 244,471 248,021 253,999
8 Canada 13,440 12,341 11,947 11,095
9 Latin America and
Caribbean 71,103 66,075 65,306 64,378
10 Asia 635,180 651,794 663,919 687,490
11 Africa 15,171 15,103 14,850 15,102
12 Other countries 9,228 9,488 9,654 11,085
2002
Item July (p)
1 Total (1) 1,046,011
By type
2 Liabilities reported
by banks in the
United States (2) 141,711
3 U.S. Treasury bills
and certificates (3) 187,982
U.S. Treasury bonds
and notes
4 Marketable 449,601
5 Nonmarketable (4) 3,020
6 U.S. securities other
than U.S. Treasury
securities (5) 263,697
By area
7 Europe (1) 256,539
8 Canada 10,682
9 Latin America and
Caribbean 62,709
10 Asia 690,233
11 Africa 15,233
12 Other countries 10,613
(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, dates.
(4.) Excludes notes issued to foreign official nonreserve agencies.
Includes current value of zero-coupon Treasury bond issues to foreign
governments as follows: Mexico, beginning March 1990, 30-year maturity
issue; Venezuela, beginning December 1990, 30-year maturity issue;
Argentina, beginning April 1993, 30-year maturity issue.
(5.) Debt securities of U.S. government corporations and federally
sponsored agencies, and U.S. corporate stocks and bonds.
(6.) Data in the two columns shown for this date reflect different
benchmark bases for foreigners' holdings of selected U.S. long-term
securities. Figures in the first column are comparable to those for
earlier dates; figures in the second column are based in part on a
benchmark survey as of end-March 2000 and are comparable to those
shown for following dates.
SOURCE. Based on U.S. Department of the Treasury data and on data
reported to the Treasury by banks (including Federal Reserve Banks)
and securities dealers in the United States, and in periodic benchmark
surveys of foreign portfolio investment in the United States.
3.16 LIABILITIES TO, AND CLAIMS ON, FOREIGNERS Reported by Banks in the
United States (1)
Payable in Foreign Currencies
Millions of dollars, end of period
2001
Item 1998 1999 2000 Sept. Dec.
1 Banks' liabilities 101,125 88,537 77,779 92,557 89,627
2 Banks' claims 78,162 67,365 56,912 69,116 75,872
3 Deposits 45,985 34,426 23,315 36,364 45,382
4 Other claims 32,177 32,939 33,597 32,752 30,490
5 Claims of banks'
domestic
customers (2) 20,718 20,826 24,411 20,885 17,631
2002
Item Mar. (r) June
1 Banks' liabilities 78,238 93,228
2 Banks' claims 80,095 93.274
3 Deposits 50,313 56,045
4 Other claims 29,782 37,229
5 Claims of banks'
domestic
customers (2) 16,454 16,005
(1.) Data on claims exclude foreign currencies held by U.S. monetary
authorities.
(2.) Assets owned by customers of the reporting bank located in the
United States that represent claims on foreigners held by reporting
banks for the accounts of the domestic customers.
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 1,647,893
2 Banks' own liabilities 971,536 1,077,636 1,172,929
3 Demand deposits 42,884 33,365 33,601
4 Time deposits (2) 163,620 187,883 154,160
5 Other (3) 155,853 171,401 199,718
6 Own foreign offices (4) 609,179 684,987 785,450
7 Banks' custodial
liabilities (5) 437,204 433,774 474,964
8 U.S. Treasury bills and
certificates (6) 185,676 177,846 188,028
9 Short-term agency
securities (7) n.a. n.a. 65,534
10 Other negotiable and
readily transferable
instruments (8) 132,617 145,840 91,147
11 Other 118,911 110,088 130,255
12 Nonmonetary international
and regional
organizations (9) 15,276 12,542 10,806
13 Banks' own liabilities 14,357 12,140 10,168
14 Demand deposits 98 41 35
15 Time deposits (2) 10,349 6,246 3,755
16 Other (3) 3,910 5,853 6,378
17 Banks' custodial
liabilities (5) 919 402 638
18 U.S. Treasury bills
and certificates (6) 680 252 577
19 Short-term agency
securities (7) n.a. n.a. 40
20 Other negotiable and
readily transferable
instruments (8) 233 149 21
21 Other 6 1 0
22 Official institutions (10) 295,024 297,603 284,844
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 1,066,082
33 Banks' own liabilities 728,492 821,306 907,944
34 Unaffiliated foreign
banks 119,313 136,319 122,494
35 Demand deposits 17,583 15,522 13,089
36 Time deposits (2) 48,140 66,904 52,910
37 Other (3) 53,590 53,893 56,495
38 Own foreign offices
(4) 609,179 684,987 785,450
39 Banks' custodial
liabilities (5) 171,887 151,626 158,138
40 U.S. Treasury bills
and certificates (6) 16,796 16,023 13,477
41 Short-term agency
securities (7) n.a. n.a. 7,831
42 Other negotiable and
readily transferable
instruments (8) 45,695 36,036 33,102
43 Other 109,396 99,567 103,728
44 Other foreigners 198,061 228,333 286,161
45 Banks' own liabilities 131,072 147,201 171,293
46 Demand deposits 21,862 13,850 17,489
47 Time deposits (2) 76,189 79,160 78,024
48 Other (3) 33,021 54,191 75,780
49 Banks' custodial
liabilities (5) 66,989 81,132 114,868
50 U.S. Treasury bills and
certificates (6) 12,023 8,561 12,255
51 Short-term agency
securities (7) n.a. n.a. 21,312
52 Other negotiable and
readily transferable
instruments (8) 45,507 62,289 55,844
53 Other 9,459 10,282 25,457
MEMO
54 Negotiable time
certificates of deposits
in custody for
foreigners 30,345 34,217 20,440
55 Repurchase agreements (7) n.a. n.a. 150,738
AREA OR COUNTRY
56 Total, all foreigners 1,408,740 1,511,410 1,647,893
57 Foreign countries 1,393,464 1,498,867 1,637,087
58 Europe 441,810 446,788 520,970
59 Austria 2,789 2,692 2,919
60 Belgium (12) 44,692 33,399 6,548
61 Denmark 2,196 3,000 3,625
62 Finland 1,658 1,411 1,445
63 France 49,790 37,833 49,034
64 Germany 24,753 35,519 22,342
65 Greece 3,748 2,011 2,303
66 Italy 6,775 5,072 6,342
67 Luxembourg (12) n.a. n.a. 16,894
68 Netherlands 8,143 7,047 12,404
69 Norway 1,327 2,305 3,725
70 Portugal 2,228 2,403 4,029
71 Russia 5,475 19,018 20,782
72 Spain 10,426 7,787 8,791
73 Sweden 4,652 6,497 3,371
74 Switzerland 63,485 74,635 66,390
75 Turkey 7,842 7,548 7,472
76 United Kingdom 172,687 167,757 204,208
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 41,980
80 Canada 34,214 30,982 27,228
81 Latin America 117,495 120,041 117,528
82 Argentina 18,633 19,451 10,655
83 Brazil 12,865 10,852 14,135
84 Chile 7,008 5,892 4,929
85 Colombia 5,669 4,542 4,668
86 Ecuador 1,956 2,112 2,377
87 Guatemala 1,626 1,601 1,876
88 Mexico 30,717 32,166 39,630
89 Panama 4,415 4,240 3,588
90 Peru 1,142 1,427 1,350
91 Uruguay 2,386 3,003 3,160
92 Venezuela 20,192 24,730 24,920
93 Other Latin America (16) 10,886 10,025 6,240
94 Caribbean 461,200 573,337 659,521
95 Bahamas 135,811 189,298 179,198
96 Bermuda 7,874 9,636 10,477
97 British West Indies (17) 312,278 367,197 n.a.
98 Cayman Islands (17) n.a. n.a. 452,070
99 Cuba 75 90 88
100 Jamaica 520 794 1,179
101 Netherlands Antilles 4,047 5,428 3,259
102 Trinidad and Tobago 595 894 1,266
103 Other Caribbean (16) n.a. n.a. 11,984
104 Asia 319,489 305,554 294,252
China
105 Mainland 12,325 16,531 10,472
106 Taiwan 13,603 17,352 17,562
107 Hong Kong 27,701 26,462 26,483
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 159,075 150,415 155,293
112 Korea (South) 12,988 7,955 9,015
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 24,989
117 Africa 9,468 10,824 11,343
118 Egypt 2,022 2,621 2,774
119 Morocco 179 139 273
120 South Africa 1,495 1,010 833
121 Congo (formerly Zaire) 14 4 4
122 Oil-exporting countries
(19) 2,914 4,052 4,372
123 Other 2,844 2,998 3,087
124 Other countries 9,788 11,341 6,245
125 Australia 8,377 10,070 5,593
126 New Zealand (20) n.a. n.a. 240
127 All other 1,411 1,271 412
128 Nonmonetary international
and regional
organizations 15,276 12,543 10,806
129 International (21) 12,876 11,270 9,307
130 Latin American regional
(22) 1,150 740 480
131 Other regional (23) 1,250 533 935
2002
Item Jan. Feb. Mar.
BY HOLDER AND TYPE OF
LIABILITY
1 Total, all foreigners 1,584,995 1,615,994 1,653,245
2 Banks' own liabilities 1,101,890 1,125,615 1,160,352
3 Demand deposits 29,839 30,872 36,440
4 Time deposits (2) 148,931 143,616 141,108
5 Other (3) 207,677 214,952 208,712
6 Own foreign offices (4) 715,443 736,175 774,092
7 Banks' custodial
liabilities (5) 483,105 490,379 492,893
8 U.S. Treasury bills and
certificates (6) 190,144 187,906 189,640
9 Short-term agency
securities (7) 55,556 67,736 68,670
10 Other negotiable and
readily transferable
instruments (8) 92,534 92,361 93,771
11 Other 144,871 142,376 140,812
12 Nonmonetary international
and regional
organizations (9) 17,155 15,453 12,126
13 Banks' own liabilities 16,227 14,553 10,934
14 Demand deposits 35 31 22
15 Time deposits (2) 7,581 5,482 7,023
16 Other (3) 8,611 9,040 3,889
17 Banks' custodial
liabilities (5) 928 900 1,192
18 U.S. Treasury bills
and certificates (6) 883 859 1,105
19 Short-term agency
securities (7) 24 24 21
20 Other negotiable and
readily transferable
instruments (8) 21 17 21
21 Other 0 0 45
22 Official institutions (10) 287,414 296,206 285,428
23 Banks' own liabilities 85,939 83,718 79,292
24 Demand deposits 2,257 1,513 2,651
25 Time deposits (2) 14,862 16,021 13,646
26 Other (3) 68,820 66,184 62,995
27 Banks' custodial
liabilities (5) 201,475 212,488 206,136
28 U.S. Treasury bills
and certificates (6) 166,640 164,076 161,312
29 Short-term agency
securities (7) 31,445 45,085 40,826
30 Other negotiable and
readily transferable
instruments (8) 2,191 2,307 2,785
31 Other 1,199 1,020 1,213
32 Banks (11) 1,002,425 1,024,003 1,076,709
33 Banks' own liabilities 833,894 861,732 901,918
34 Unaffiliated foreign
banks 118,451 125,557 127,826
35 Demand deposits 10,374 12,783 16,342
36 Time deposits (2) 49,881 45,846 45,238
37 Other (3) 58,196 66,928 66,246
38 Own foreign offices
(4) 715,443 736,175 774,092
39 Banks' custodial
liabilities (5) 168,531 162,271 174,791
40 U.S. Treasury bills
and certificates (6) 10,222 10,378 11,374
41 Short-term agency
securities (7) 5,566 3,596 7,399
42 Other negotiable and
readily transferable
instruments (8) 35,223 34,325 36,832
43 Other 117,520 113,972 119,186
44 Other foreigners 278,001 280,332 278,982
45 Banks' own liabilities 165,830 165,612 168,208
46 Demand deposits 17,173 16,545 17,425
47 Time deposits (2) 76,607 76,267 75,201
48 Other (3) 72,050 72,800 75,582
49 Banks' custodial
liabilities (5) 112,171 114,720 110,774
50 U.S. Treasury bills and
certificates (6) 12,399 12,593 15,849
51 Short-term agency
securities (7) 18,521 19,031 20,424
52 Other negotiable and
readily transferable
instruments (8) 55,099 55,712 54,133
53 Other 26,152 27,384 20,368
MEMO
54 Negotiable time
certificates of deposits
in custody for
foreigners 22,095 22,831 21,498
55 Repurchase agreements (7) 127,686 131,199 126,817
AREA OR COUNTRY
56 Total, all foreigners 1,584,995 1,615,994 1,653,245
57 Foreign countries 1,567,840 1,600,541 1,641,119
58 Europe 502,539 516,558 518,921
59 Austria 3,001 3,053 3,144
60 Belgium (12) 6,566 6,561 7,921
61 Denmark 3,123 2,944 2,852
62 Finland 1,372 1,159 1,682
63 France 45,102 41,172 35,113
64 Germany 23,353 23,298 25,664
65 Greece 2,706 2,856 2,560
66 Italy 5,405 4,917 5,356
67 Luxembourg (12) 14,770 14,427 14,005
68 Netherlands 13,265 13,779 13,714
69 Norway 4,976 4,871 7,703
70 Portugal 4,372 4,799 5,416
71 Russia 19,776 20,841 21,423
72 Spain 12,618 10,233 9,406
73 Sweden 3,104 3,700 3,412
74 Switzerland 80,790 94,661 107,645
75 Turkey 8,696 11,518 11,515
76 United Kingdom 169,298 170,024 161,333
77 Channel Islands and Isle
of Man (13) 36,443 37,198 38,013
78 Yugoslavia (14) 298 317 296
79 Other Europe and other
former U.S.S.R. (15) 43,505 44,230 40,748
80 Canada 27,995 27,416 28,244
81 Latin America 115,703 115,000 112,933
82 Argentina 9,904 10,360 11,622
83 Brazil 13,133 12,875 14,628
84 Chile 5,275 5,143 5,299
85 Colombia 4,506 4,587 4,159
86 Ecuador 2,231 2,363 2,269
87 Guatemala 1,861 1,821 1,812
88 Mexico 40,355 40,797 35,700
89 Panama 3,514 3,604 3,350
90 Peru 1,341 1,347 1,548
91 Uruguay 2,646 2,536 2,913
92 Venezuela 24,258 22,952 22,937
93 Other Latin America (16) 6,679 6,615 6,696
94 Caribbean 624,746 627,797 656,753
95 Bahamas 156,217 147,794 171,359
96 Bermuda 9,580 11,181 10,238
97 British West Indies (17) n.a. n.a. n.a.
98 Cayman Islands (17) 442,142 452,957 458,256
99 Cuba 88 89 89
100 Jamaica 1,106 1,103 1,115
101 Netherlands Antilles 3,512 3,152 3,800
102 Trinidad and Tobago 1,979 1,547 1,406
103 Other Caribbean (16) 10,122 9,974 10,490
104 Asia 277,151 295,423 303,876
China
105 Mainland 8,499 21,165 16,723
106 Taiwan 16,886 21,422 20,352
107 Hong Kong 24,683 23,109 22,257
108 India 3,732 4,133 4,478
109 Indonesia 11,893 11,441 11,220
110 Israel 10,727 9,433 9,600
111 Japan 146,480 151,008 166,220
112 Korea (South) 6,691 6,500 5,568
113 Philippines 1,910 1,429 1,530
114 Thailand 4,651 5,035 5,432
115 Middle Eastern oil-
exporting countries
(18) 15,857 14,938 16,693
116 Other 25,142 25,810 23,803
117 Africa 12,727 11,722 11,762
118 Egypt 4,271 3,961 3,857
119 Morocco 243 197 127
120 South Africa 877 668 800
121 Congo (formerly Zaire) 6 2 1
122 Oil-exporting countries
(19) 4,165 3,763 3,911
123 Other 3,165 3,131 3,066
124 Other countries 6,979 6,625 8,630
125 Australia 6,204 5,811 7,632
126 New Zealand (20) 360 407 443
127 All other 415 407 555
128 Nonmonetary international
and regional
organizations 17,155 15,453 12,126
129 International (21) 15,521 13,714 9,873
130 Latin American regional
(22) 443 520 731
131 Other regional (23) 1,113 1,140 1,441
2002
Item Apr. May
BY HOLDER AND TYPE OF
LIABILITY
1 Total, all foreigners 1,685,026 1,713,587 (r)
2 Banks' own liabilities 1,202,906 1,217,580 (r)
3 Demand deposits 31,374 32,043 (r)
4 Time deposits (2) 139,026 135,282 (r)
5 Other (3) 224,052 235,932 (r)
6 Own foreign offices (4) 808,454 814,323 (r)
7 Banks' custodial
liabilities (5) 482,120 496,007
8 U.S. Treasury bills and
certificates (6) 183,012 191,266
9 Short-term agency
securities (7) 69,525 75,157
10 Other negotiable and
readily transferable
instruments (8) 95,378 94,061
11 Other 134,205 135,523
12 Nonmonetary international
and regional
organizations (9) 14,440 12,129 (r)
13 Banks' own liabilities 13,426 11,756 (r)
14 Demand deposits 19 14
15 Time deposits (2) 6,193 6,731 (r)
16 Other (3) 7,214 5,012
17 Banks' custodial
liabilities (5) 1,014 373
18 U.S. Treasury bills
and certificates (6) 970 328
19 Short-term agency
securities (7) 21 18
20 Other negotiable and
readily transferable
instruments (8) 21 27
21 Other 2 0
22 Official institutions (10) 288,890 301,537
23 Banks' own liabilities 83,911 86,387
24 Demand deposits 1,827 2,002
25 Time deposits (2) 15,170 14,414
26 Other (3) 66,914 69,971
27 Banks' custodial
liabilities (5) 204,979 215,150
28 U.S. Treasury bills
and certificates (6) 155,770 162,516
29 Short-term agency
securities (7) 45,910 49,374
30 Other negotiable and
readily transferable
instruments (8) 2,702 2,455
31 Other 597 805
32 Banks (11) 1,098,931 1,113,913
33 Banks' own liabilities 932,109 941,011 (r)
34 Unaffiliated foreign
banks 123,655 126,688
35 Demand deposits 12,183 12,875 (r)
36 Time deposits (2) 43,636 41,360 (r)
37 Other (3) 67,836 72,453 (r)
38 Own foreign offices
(4) 808,454 814,323 (r)
39 Banks' custodial
liabilities (5) 166,822 172,902
40 U.S. Treasury bills
and certificates (6) 13,016 14,442
41 Short-term agency
securities (7) 3,456 6,924
42 Other negotiable and
readily transferable
instruments (8) 37,267 37,377
43 Other 113,083 114,159
44 Other foreigners 282,765 286,008
45 Banks' own liabilities 173,460 178,426
46 Demand deposits 17,345 17,152
47 Time deposits (2) 74,027 72,778
48 Other (3) 82,088 88,496
49 Banks' custodial
liabilities (5) 109,305 107,582
50 U.S. Treasury bills and
certificates (6) 13,256 13,980
51 Short-term agency
securities (7) 20,138 18,841
52 Other negotiable and
readily transferable
instruments (8) 55,388 54,202
53 Other 20,523 20,559
MEMO
54 Negotiable time
certificates of deposits
in custody for
foreigners 24,061 22,587
55 Repurchase agreements (7) 140,263 153,782
AREA OR COUNTRY
56 Total, all foreigners 1,685,026 1,713,587 (r)
57 Foreign countries 1,670,587 1,701,458 (r)
58 Europe 539,957 538,879 (r)
59 Austria 3,363 3,096
60 Belgium (12) 6,607 6,723
61 Denmark 2,801 3,455
62 Finland 1,239 1,198
63 France 36,349 36,174 (r)
64 Germany 25,582 26,633
65 Greece 2,285 2,700
66 Italy 4,948 4,616
67 Luxembourg (12) 13,967 14,893
68 Netherlands 11,030 12,045 (r)
69 Norway 6,470 7,681
70 Portugal 5,051 4,905
71 Russia 22,113 24,211
72 Spain 10,737 9,764
73 Sweden 2,495 5,677
74 Switzerland 129,007 114,220
75 Turkey 11,671 11,216
76 United Kingdom 163,140 171,103 (r)
77 Channel Islands and Isle
of Man (13) 38,070 38,602
78 Yugoslavia (14) 265 273
79 Other Europe and other
former U.S.S.R. (15) 42,767 39,694
80 Canada 26,174 24,408
81 Latin America 111,661 110,009
82 Argentina 11,795 11,653
83 Brazil 14,076 12,892
84 Chile 6,326 6,643
85 Colombia 4,226 4,273
86 Ecuador 2,342 2,294
87 Guatemala 1,782 1,335
88 Mexico 34,879 35,250
89 Panama 3,336 3,273
90 Peru 1,225 1,270
91 Uruguay 2,648 2,410
92 Venezuela 22,380 22,333
93 Other Latin America (16) 6,646 6,383
94 Caribbean 668,959 698,129 (r)
95 Bahamas 164,499 172,604
96 Bermuda 11,096 13,419
97 British West Indies (17) n.a. n.a.
98 Cayman Islands (17) 474,104 493,307
99 Cuba 90 93
100 Jamaica 1,047 996
101 Netherlands Antilles 5,745 3,312
102 Trinidad and Tobago 1,791 1,634
103 Other Caribbean (16) 10,587 12,764
104 Asia 306,459 312,668
China
105 Mainland 22,336 22,410
106 Taiwan 24,371 21,733
107 Hong Kong 24,613 27,275
108 India 4,045 4,980
109 Indonesia 11,875 12,623
110 Israel 9,541 8,965
111 Japan 157,689 161,589
112 Korea (South) 5,972 6,592
113 Philippines 1,671 1,544
114 Thailand 4,940 5,060
115 Middle Eastern oil-
exporting countries
(18) 15,453 18,128
116 Other 23,953 21,769
117 Africa 11,645 11,660
118 Egypt 3,606 3,605
119 Morocco 234 230
120 South Africa 636 683
121 Congo (formerly Zaire) 6 7
122 Oil-exporting countries
(19) 3,828 3,557
123 Other 3,335 3,578
124 Other countries 5,732 5,705
125 Australia 4,801 4,706
126 New Zealand (20) 533 510
127 All other 398 489
128 Nonmonetary international
and regional
organizations 14,440 12,129 (r)
129 International (21) 12,261 10,851 (r)
130 Latin American regional
(22) 954 644
131 Other regional (23) 1,158 550
2002
Item June July (p)
BY HOLDER AND TYPE OF
LIABILITY
1 Total, all foreigners 1,729,550 (r) 1,671,928
2 Banks' own liabilities 1,196,459 (r) 1,174,196
3 Demand deposits 34,600 (r) 32,558
4 Time deposits (2) 129,988 (r) 123,482
5 Other (3) 236,234 (r) 253,430
6 Own foreign offices (4) 795,637 (r) 764,726
7 Banks' custodial
liabilities (5) 533,091 497,732
8 U.S. Treasury bills and
certificates (6) 208,279 221,010
9 Short-term agency
securities (7) 83,613 67,003
10 Other negotiable and
readily transferable
instruments (8) 96,154 75,448
11 Other 145,045 134,271
12 Nonmonetary international
and regional
organizations (9) 11,568 (r) 11,495
13 Banks' own liabilities 11,138 (r) 10,993
14 Demand deposits 32 15
15 Time deposits (2) 6,401 (r) 7,394
16 Other (3) 4,705 3,584
17 Banks' custodial
liabilities (5) 430 502
18 U.S. Treasury bills
and certificates (6) 407 481
19 Short-term agency
securities (7) 0 0
20 Other negotiable and
readily transferable
instruments (8) 23 21
21 Other 0 0
22 Official institutions (10) 325,086 (r) 329,693
23 Banks' own liabilities 92,972 (r) 93,555
24 Demand deposits 1,707 2,146
25 Time deposits (2) 14,131 (r) 13,048
26 Other (3) 77,134 (r) 78,361
27 Banks' custodial
liabilities (5) 232,114 236,138
28 U.S. Treasury bills
and certificates (6) 176,178 187,982
29 Short-term agency
securities (7) 51,634 45,105
30 Other negotiable and
readily transferable
instruments (8) 3,280 2,217
31 Other 1,022 834
32 Banks (11) 1,102,138 1,054,627
33 Banks' own liabilities 913,734 (r) 874,978
34 Unaffiliated foreign
banks 118,097 (r) 110,252
35 Demand deposits 14,620 (r) 12,790
36 Time deposits (2) 37,094 (r) 31,780
37 Other (3) 66,383 65,682
38 Own foreign offices
(4) 795,637 (r) 764,726
39 Banks' custodial
liabilities (5) 188,404 179,649
40 U.S. Treasury bills
and certificates (6) 16,110 17,497
41 Short-term agency
securities (7) 12,439 2,876
42 Other negotiable and
readily transferable
instruments (8) 36,557 43,379
43 Other 123,298 115,897
44 Other foreigners 290,758 276,113
45 Banks' own liabilities 178,615 (r) 194,670
46 Demand deposits 18,241 (r) 17,607
47 Time deposits (2) 72,362 (r) 71,260
48 Other (3) 88,012 105,803
49 Banks' custodial
liabilities (5) 112,143 81,443
50 U.S. Treasury bills and
certificates (6) 15,584 15,050
51 Short-term agency
securities (7) 19,540 19,022
52 Other negotiable and
readily transferable
instruments (8) 56,294 29,831
53 Other 20,725 17,540
MEMO
54 Negotiable time
certificates of deposits
in custody for
foreigners 27,490 (r) 25,186
55 Repurchase agreements (7) 157,929 176,602
AREA OR COUNTRY
56 Total, all foreigners 1,729,550 (r) 1,671,928
57 Foreign countries 1,717,982 (r) 1,660,433
58 Europe 528,244 (r) 509,247
59 Austria 3,563 2,862
60 Belgium (12) 6,026 6,462
61 Denmark 3,416 3,478
62 Finland 1,197 3,503
63 France 35,390 (r) 39,809
64 Germany 25,188 27,636
65 Greece 3,570 2,815
66 Italy 4,690 3,900
67 Luxembourg (12) 15,469 11,467
68 Netherlands 10,439 (r) 4,965
69 Norway 11,164 14,540
70 Portugal 4,616 3,496
71 Russia 25,060 24,189
72 Spain 11,032 10,392
73 Sweden 4,176 4,817
74 Switzerland 99,588 85,247
75 Turkey 9,908 10,701
76 United Kingdom 174,331 (r) 171,215
77 Channel Islands and Isle
of Man (13) 38,735 39,280
78 Yugoslavia (14) 267 279
79 Other Europe and other
former U.S.S.R. (15) 40,419 38,194
80 Canada 23,900 25,415
81 Latin America 105,982 (r) 105,603
82 Argentina 11,356 11,212
83 Brazil 12,968 12,537
84 Chile 6,121 6,396
85 Colombia 4,010 3,872
86 Ecuador 2,259 2,324
87 Guatemala 1,319 1,323
88 Mexico 32,440 (r) 33,290
89 Panama 3,894 (r) 3,143
90 Peru 1,417 1,502
91 Uruguay 2,373 1,885
92 Venezuela 21,738 21,771
93 Other Latin America (16) 6,087 (r) 6,348
94 Caribbean 704,650 (r) 677,722
95 Bahamas 179,725 160,771
96 Bermuda 15,646 18,150
97 British West Indies (17) n.a. n.a.
98 Cayman Islands (17) 488,104 (r) 476,317
99 Cuba 96 92
100 Jamaica 924 931
101 Netherlands Antilles 3,757 3,940
102 Trinidad and Tobago 1,593 1,691
103 Other Caribbean (16) 14,805 (r) 15,830
104 Asia 336,488 324,293
China
105 Mainland 20,779 (r) 18,102
106 Taiwan 23,480 19,067
107 Hong Kong 29,018 30,650
108 India 7,061 7,369
109 Indonesia 13,871 13,589
110 Israel 8,954 9,757
111 Japan 179,654 176,404
112 Korea (South) 6,826 7,038
113 Philippines 1,754 2,080
114 Thailand 5,966 4,591
115 Middle Eastern oil-
exporting countries
(18) 16,582 14,233
116 Other 22,543 21,413
117 Africa 11,830 12,073
118 Egypt 3,672 3,411
119 Morocco 307 265
120 South Africa 685 694
121 Congo (formerly Zaire) n.a. 1
122 Oil-exporting countries
(19) 3,522 3,757
123 Other 3,644 3,945
124 Other countries 6,888 6,080
125 Australia 6,031 5,116
126 New Zealand (20) 494 (r) 607
127 All other 363 (r) 357
128 Nonmonetary international
and regional
organizations 11,568 (r) 11,495
129 International (21) 10,490 10,097
130 Latin American regional
(22) 342 386
131 Other regional (23) 645 894
(1.) Reporting banks include all types of depository institutions as
well as some brokers and dealers. Excludes bonds and notes of
maturities longer than one year.
(2.) Excludes negotiable time certificates deposit, which are included
in "Other negotiable and readily transferable instruments."
(3.) Includes borrowing under repurchase agreements.
(4.) For U.S. banks, includes amounts owed to own foreign branches and
foreign subsidiaries consolidated in quarterly Consolidated Reports of
Condition filed with bank regulatory agencies. For agencies, branches,
and majority-owned subsidiaries of foreign banks, consists principally
of amounts owed to the head office or parent foreign bank, and to
foreign branches, agencies, or wholly owned subsidiaries of the head
office or parent foreign bank.
(5.) Financial claims on residents of the United States, other than
long-term securities, held by or through reporting banks for foreign
customers.
(6.) Includes nonmarketable certificates of indebtedness and Treasury
bills issued to official institutions of foreign countries.
(7.) Data available beginning January 2001.
(8.) Principally bankers acceptances, commercial paper, and negotiable
time certificates of deposit.
(9.) Principally the International Bank for Reconstruction and
Development, the Inter-American Development Bank, and the Asian
Development Bank. Excludes "holdings of dollars" of the International
Monetary Fund.
(10.) Foreign central banks, foreign central governments, and the Bank
for International Settlements.
(11.) Excludes central banks, which are included in "Official
institutions."
(12.) Before January 2001, data for Belgium-Luxembourg were combined.
(13.) Before January 2001, these data were included in data reported
for the United Kingdom.
(14.) Since December 1992, has excluded Bosnia, Croatia, and Slovenia.
(15.) Includes the Bank for International Settlements and the European
Central Bank. Since December 1992, has included all parts of the former
U.S.S.R. (except Russia), and Bosnia, Croatia, and Slovenia.
(16.) Before January 2001, data for "Other Latin America" and "Other
Caribbean" were combined in "Other Latin America and Caribbean."
(17.) Beginning January 2001, data for the Cayman Islands replaced data
for the British West Indies.
(18.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(19.) Comprises Algeria, Gabon, Libya, and Nigeria.
(20.) Before January 2001, these data were included in "All other."
(21.) Principally the International Bank for Reconstruction and
Development. Excludes "holdings of dollars" of the International
Monetary Fund.
(22.) Principally the Inter-American Development Bank.
(23.) Asian, African, Middle Eastern, and European regional
organizations, except the Bank for International Settlements, which is
included in "Other Europe."
3.18 BANKS' OWN CLAIMS ON FOREIGNERS Reported by Banks in the United
States (1)
Payable in U.S. dollars
Millions of dollars, end of period
Area or country 1999 2000 2001 2002
Jan.
1 Total, all
foreigners 793,139 904,642 1,051,573 1,007,368
2 Foreign countries 788,576 899,956 1,046,627 1,003,499
3 Europe 311,686 378,115 460,970 465,435
4 Austria 2,643 2,926 5,006 4,361
5 Belgium (2) 10,193 5,399 6,339 6,525
6 Denmark 1,669 3,272 1,105 1,649
7 Finland 2,020 7,382 10,350 14,431
8 France 29,142 40,035 60,670 56,533
9 Germany 29,205 36,834 29,902 31,330
10 Greece 806 646 330 364
11 Italy 8,496 7,629 4,205 4,453
12 Luxembourg (2) n.a. n.a. 1,267 1,754
13 Netherlands 11,810 17,043 15,927 14,024
14 Norway 1,000 5,012 6,249 4,779
15 Portugal 1,571 1,382 1,603 1,969
16 Russia 713 517 594 687
17 Spain 3,796 2,603 3,231 5,363
18 Sweden 3,264 9,226 12,544 12,137
19 Switzerland 79,158 82,085 87,333 95,389
20 Turkey 2,617 3,059 2,124 2,757
21 United Kingdom 115,971 144,938 200,951 195,619
22 Channel Islands and
Isle of Man (3) n.a. n.a. 4,478 3,716
23 Yugoslavia (4) 50 50 n.a. n.a.
24 Other Europe and
other former
U.S.S.R (3) 7,562 8,077 6,762 7,595
25 Canada 37,206 39,837 54,421 49,967
26 Latin America 74,040 76,561 69,762 69,427
27 Argentina 10,894 11,519 10,763 10,444
28 Brazil 16,987 20,567 19,434 19,700
29 Chile 6,607 5,815 5,317 5,200
30 Colombia 4,524 4,370 3,602 3,563
31 Ecuador 760 635 495 465
32 Guatemala 1,135 1,244 1,495 1,417
33 Mexico 17,899 17,415 16,522 17,035
34 Panama 3,387 2,933 3,066 2,765
35 Peru 2,529 2,807 2,185 2,125
36 Uruguay 801 673 447 437
37 Venezuela 3,494 3,518 3,077 3,181
38 Other Latin
America (6) 5,023 5,065 3,359 3,095
39 Caribbean 281,128 319,403 367,655 329,652
40 Bahamas 99,066 114,090 101,034 87,607
41 Bermuda 8,007 9,260 7,900 7,023
42 British West
Indies (7) 167,189 189,289 n.a. n.a.
43 Cayman Islands (7) n.a. n.a. 247,086 222,977
44 Cuba 0 0 n.a. 3
45 Jamaica 295 355 418 383
46 Netherlands
Antilles 5,982 5,801 6,729 7,596
47 Trinidad and Tobago 589 608 931 940
48 Other Caribbean (6) n.a. n.a. 3,557 3,123
49 Asia 75,143 77,829 85,882 80,783
China
50 Mainland 2,110 1,606 2,073 3,526
51 Taiwan 1,390 2,247 4,407 3,449
52 Hong Kong 5,903 6,669 9,995 7,712
53 India 1,738 2,178 1,348 1,167
54 Indonesia 1,776 1,914 1,752 1,768
55 Israel 1,875 2,729 4,396 4,211
56 Japan 28,641 34,974 34,125 30,983
57 Korea (South) 9,426 7,776 10,622 12,720
58 Philippines 1,410 1,784 2,587 1,951
59 Thailand 1,515 1,381 2,499 1,743
60 Middle Eastern oil-
exporting
countries (8) 14,267 9,346 7,882 7,585
61 Other 5,092 5,225 4,196 3,968
62 Africa 2,268 2,094 2,095 2,031
63 Egypt 258 201 416 324
64 Morocco 352 204 106 100
65 South Africa 622 309 710 751
66 Congo (formerly
Zaire) 24 0 n.a. n.a.
67 Oil-exporting
countries (8) 276 471 167 195
68 Other 736 909 696 661
69 Other countries 7,105 6,117 5,842 6,204
70 Australia 6,824 5,868 5,455 5,560
71 New Zealandm n.a. n.a. 349 603
72 All other 281 249 38 41
73 Nonmonetary
international and
regional
organizations (11) 4,563 4,686 4,946 3,869
Area or country 2002
Feb. Mar. Apr.
1 Total, all
foreigners 1,009,570 1,056,667 1,104,635
2 Foreign countries 1,005,743 1,051,154 1,100,490
3 Europe 468,275 488,366 526,394
4 Austria 3,903 4,199 3,431
5 Belgium (2) 5,701 4,849 4,387
6 Denmark 1,024 1,545 1,122
7 Finland 14,410 14,469 13,092
8 France 54,717 55,184 58,004
9 Germany 29,275 33,395 34,281
10 Greece 385 357 364
11 Italy 4,329 5,101 5,036
12 Luxembourg (2) 2,954 3.414 3,453
13 Netherlands 15,278 15,498 16,892
14 Norway 4,435 7,026 6,572
15 Portugal 1,998 1,795 2,083
16 Russia 612 1,659 951
17 Spain 4,987 4,847 3,484
18 Sweden 13,474 12,008 11,589
19 Switzerland 114,402 115,388 150,258
20 Turkey 3,163 3,154 3,012
21 United Kingdom 181,808 193,786 197,298
22 Channel Islands and
Isle of Man (3) 3,955 3,836 3,755
23 Yugoslavia (4) n.a. n.a. 2
24 Other Europe and
other former
U.S.S.R (3) 7,465 6,856 7,328
25 Canada 52,776 56,652 57,017
26 Latin America 68,790 69,513 69,537
27 Argentina 10,334 9,892 9,722
28 Brazil 19,352 19,837 20,138
29 Chile 5,166 5,399 5,226
30 Colombia 3,547 3,711 3,643
31 Ecuador 491 478 495
32 Guatemala 1,651 1,413 1,329
33 Mexico 16,561 17,081 17,356
34 Panama 2,788 2,804 2,764
35 Peru 2,090 2,048 2,019
36 Uruguay 444 503 477
37 Venezuela 3,315 3,463 3,472
38 Other Latin
America (6) 3,051 2,884 2,896
39 Caribbean 328,745 346,037 347,569
40 Bahamas 87,303 98,079 94,279
41 Bermuda 5,628 7,770 9,722
42 British West
Indies (7) n.a. n.a. n.a.
43 Cayman Islands (7) 225,374 228,474 233,806
44 Cuba n.a. n.a. n.a.
45 Jamaica 384 418 413
46 Netherlands
Antilles 6,050 7,137 5,390
47 Trinidad and Tobago 955 971 935
48 Other Caribbean (6) 3,051 3,188 3,024
49 Asia 79,010 82,734 91,687
China
50 Mainland 2,418 4,161 6,044
51 Taiwan 4,128 4,531 3,349
52 Hong Kong 7,359 6,499 6,457
53 India 1,217 1,225 1,276
54 Indonesia 1,644 1,701 1,677
55 Israel 4,195 2,875 4,413
56 Japan 30,732 31,298 37,787
57 Korea (South) 12,776 13,860 15,020
58 Philippines 1,681 2,065 1,718
59 Thailand 745 1,467 752
60 Middle Eastern oil-
exporting
countries (8) 7,341 9,239 9,143
61 Other 4,774 3,813 4,051
62 Africa 1,966 2,108 1,967
63 Egypt 331 358 333
64 Morocco 97 88 85
65 South Africa 692 786 672
66 Congo (formerly
Zaire) n.a. n.a. n.a
67 Oil-exporting
countries (8) 201 211 234
68 Other 645 665 643
69 Other countries 6,181 5,744 6,319
70 Australia 5,430 4,972 5,692
71 New Zealandm 732 762 586
72 All other 19 10 41
73 Nonmonetary
international and
regional
organizations (11) 3,827 5,513 4,147
Area or country 2002
May June July (r)
1 Total, all
foreigners 1,088,193 (r) 1,107,292 (r) 1,004,703
2 Foreign countries 1,083,419 (r) 1,103,046 (r) 1,040,067
3 Europe 510,323 501,112 (r) 461,232
4 Austria 3,558 3,963 4,046
5 Belgium (2) 4,019 5,174 6,756
6 Denmark 1,062 1,248 856
7 Finland 14,279 16,517 13,718
8 France 58,207 58,766 58,995
9 Germany 29,033 28,891 26,156
10 Greece 354 330 393
11 Italy 4,048 4,130 (r) 5,093
12 Luxembourg (2) 3,552 3,547 (r) 3,526
13 Netherlands 16,294 16,440 13,679
14 Norway 8,301 8,526 9,433
15 Portugal 1,594 1,780 1,995
16 Russia 826 1,145 867
17 Spain 3,130 3,081 3,336
18 Sweden 13,348 13,814 (r) 14,932
19 Switzerland 137,532 119,244 87,969
20 Turkey 2,953 2,662 2,410
21 United Kingdom 197,110 200,836 195,785
22 Channel Islands and
Isle of Man (3) 3,835 4,246 4,962
23 Yugoslavia (4) 1 n.a. n.a.
24 Othe (r) Europe and
other former
U.S.S.R (3) 7,287 6,772 6,325
25 Canada 57,256 60,478 63,135
26 Latin America 65,502 (r) 66,851 (r) 63,193
27 Argentina 9,235 11,019 8,202
28 Brazil 18,797 19,019 18,512
29 Chile 4,950 4,874 4,949
30 Colombia 3,516 3,266 3,216
31 Ecuador 519 500 461
32 Guatemala 905 882 871
33 Mexico 16,448 16,266 16,349
34 Panama 2,751 2,599 2,466
35 Peru 1,923 1,833 1,748
36 Uruguay 357 324 314
37 Venezuela 3,353 3,337 3,306
38 Other Latin
America (6) 2,748 (r) 2,932 (r) 2,799
39 Caribbean 360,258 (r) 374,459 (r) 345,580
40 Bahamas 107,269 108,369 96,886
41 Bermuda 8,380 11,088 11,723
42 British West
Indies (7) n.a. n.a. n.a.
43 Cayman Islands (7) 234,758 (r) 243,369 (r) 225,681
44 Cuba n.a. n.a. n.a.
45 Jamaica 408 361 350
46 Netherlands
Antilles 5,578 6,859 6,387
47 Trinidad and Tobago 834 862 881
48 Other Caribbean (6) 3,031 3,551 3,672
49 Asia 83,143 92,344 99,269
China
50 Mainland 4,857 6,047 (r) 7,832
51 Taiwan 3,261 6,520 (r) 6,863
52 Hong Kong 5,350 5,596 (r) 6,606
53 India 1,414 1,462 1,083
54 Indonesia 1,564 1,571 1,553
55 Israel 3,747 3,411 4,647
56 Japan 32,937 36,394 35,926
57 Korea (South) 13,326 14,856 17,903
58 Philippines 1,332 1,995 1,857
59 Thailand 716 730 1,160
60 Middle Eastern oil-
exporting
countries (8) 9,555 9,061 8,960
61 Other 5,084 4,701 4,879
62 Africa 1,877 2,069 1,914
63 Egypt 337 418 405
64 Morocco 85 79 77
65 South Africa 559 649 545
66 Congo (formerly
Zaire) n.a. n.a. n.a.
67 Oil-exporting
countries (8) 247 232 227
68 Other 649 691 660
69 Other countries 5,060 5,733 5,744
70 Australia 4,633 5,272 5,345
71 New Zealandm 406 455 392
72 All other 21 6 7
73 Nonmonetary
international and
regional
organizations (11) 4,774 4,246 4,636
(1.) Reporting banks include all types of depository institutions as
well as some brokers and dealers.
(2.) Before January 2001, combined data reported for Belgium-
Luxembourg.
(3.) Before January 2001, data included in United Kingdom.
(4.) Since December 1992, has excluded Bosnia, Croatia, and Slovenia.
(5.) Includes the Bank for International Settlements and European
Central Bank. Since December 1992, has included all parts of the
former U.S.S.R. (except Russia) and Bosnia, Croatia, and Slovenia.
(6.) Before January 2001, "Other Latin America" and "Other Caribbean"
were reported as combined "Other Latin America and Caribbean."
(7.) Beginning 2001, Cayman Islands replaced British West Indies in the
data series.
(8.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(9.) Comprises Algeria, Gabon, Libya, and Nigeria.
(10.) Before January 2001, included in "All other."
(11.) Excludes the Bank for International Settlements, which is
included in "Other Europe."
3.19 BANKS' OWN AND DOMESTIC CUSTOMERS' CLAIMS ON FOREIGNERS
Reported by Banks in the United States (1)
Payable in U.S. dollars
Millions of dollars, end of period
2002
Type of claim 1999 2000 2001
Jan.
1 Total 944,937 1,095,869 1,253,952 ***
2 Banks' claims 793,139 904,642 1,051,573 1,007,368
3 Foreign public
borrowers 35,090 37,907 49,278 54,542
4 Own foreign
offices (2) 529,682 630,137 745,834 699,055
5 Unaffilliated
foreign banks 97,186 95,243 100,575 98,424
6 Deposits 34,538 23,886 26,189 27,073
7 Other 62,648 71,357 74,386 71,351
8 All other
foreigners 131,181 141,355 155,886 155,347
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
agreements (5) n.a. n.a. 137,349 118,984
15 Dollar deposits in
banks abroad,
reported by non-
banking business
enterprises in the
United States (6) 31,125 53,153 60,711 54,563
2002
Type of claim Feb. Mar. Apr.
1 Total *** 1,257,022 ***
2 Banks' claims 1,009,570 1,056,667 1,104,635
3 Foreign public
borrowers 50,034 55,562 52,746
4 Own foreign
offices (2) 717,854 751,162 789,435
5 Unaffilliated
foreign banks 92,109 94,895 95,058
6 Deposits 25,978 26,266 22,778
7 Other 66,131 68,629 72,280
8 All other
foreigners 149,573 155,048 167,396
9 Claims of banks'
domestic
customers (3) *** 200,355 ***
10 Deposits *** 87,634 ***
11 Negotiable and
readily
transferable
instruments (4) *** 98,050 ***
12 Outstanding
collections and
other claims *** 14,671 ***
MEMO
13 Customer liability
on acceptances *** 2,139 ***
14 Banks' loans under
agreements (5) 123,082 114,917 135,731
15 Dollar deposits in
banks abroad,
reported by non-
banking business
enterprises in the
United States (6) 55,177 61,417 57,884
2002
Type of claim May June July (r)
1 Total *** 1,314,098 ***
2 Banks' claims 1,088,193 (r) 1,107,292 (r) 1,044,703
3 Foreign public
borrowers 49,524 51,042 61,151
4 Own foreign
offices (2) 782,182 (r) 793,226 (r) 719,970
5 Unaffilliated
foreign banks 89,084 92,346 (r) 91,474
6 Deposits 21,598 24,012 (r) 24,449
7 Other 67,486 68,334 67,025
8 All other
foreigners 167,403 170,678 (r) 172,108
9 Claims of banks'
domestic
customers (3) *** 206,806 ***
10 Deposits *** 86,353 ***
11 Negotiable and
readily
transferable
instruments (4) *** 106,740 ***
12 Outstanding
collections and
other claims *** 13,713 ***
MEMO
13 Customer liability
on acceptances *** 2,353 ***
14 Banks' loans under
agreements (5) 133,620 149,206 159,923
15 Dollar deposits in
banks abroad,
reported by non-
banking business
enterprises in the
United States (6) 48,488 62,161 57,815
(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 1998 1999 2000
and area (2)
1 Total 250,418 267,082 274,009
By borrower
2 Maturity of one year
or less 186,526 187,894 186,103
3 Foreign public
borrowers 13,671 22,811 21,399
4 All other
foreigners 172,855 165,083 164,704
5 Maturity of more
than one year 63,892 79,188 87,906
6 Foreign public
borrowers 9,839 12,013 15,838
7 All other
foreigners 54,053 67,175 72,068
By area
Maturity of one year
or less
8 Europe 68,679 80,842 142,464
9 Canada 10,968 7,859 8,323
10 Latin America and
Caribbean 81,766 69,498 151,840
11 Asia 18,007 21,802 43,371
12 Africa 1,835 1,122 2,263
13 All other (3) 5,271 6,771 11,717
Maturity of more
than one year
14 Europe 14,923 22,951 57,770
15 Canada 3,140 3,192 3,174
16 Latin America and
Caribbean 33,442 39,051 82,684
17 Asia 10,018 11,257 19,536
18 Africa 1,232 1,065 1,567
19 All other (3) 1,137 1,672 5,954
Maturity, by borrower 2001 2002
and area (2) Sept. Dec. (r) Mar. (r) June (r)
1 Total 298,924 305,020 304,274 311,790
By borrower
2 Maturity of one year
or less 178,458 200,097 188,573 202,995
3 Foreign public
borrowers 19,994 27,293 26,725 26,490
4 All other
foreigners 158,464 172,804 161,848 176,505
5 Maturity of more
than one year 120,466 104,923 115,701 108,795
6 Foreign public
borrowers 25,844 21,324 26,936 22,690
7 All other
foreigners 94,622 83,599 88,765 86,105
By area
Maturity of one year
or less
8 Europe 70,700 83,090 79,694 82,238
9 Canada 7,897 10,072 7,763 8,060
10 Latin America and
Caribbean 75,562 70,648 69,178 78,788
11 Asia 19,381 29,693 24,554 28,389
12 Africa 707 1,104 1,124 918
13 All other (3) 4,211 5,490 6,260 4,602
Maturity of more
than one year
14 Europe 41,597 34,067 39,813 34,877
15 Canada 4,292 3,633 3,362 3,349
16 Latin America and
Caribbean 52,651 47,382 48,744 51,291
17 Asia 17,491 15,190 19,444 14,916
18 Africa 798 769 669 856
19 All other (3) 3,637 3,882 3,669 3,506
(1.) Reporting banks include all types of depository institutions as
well as some brokers and dealers.
(2.) Maturity is time remaining until maturity.
(3.) Includes nonmonetary international and regional organizations.
3.21 CLAIMS ON FOREIGN COUNTRIES
Held by U.S. and Foreign Offices of U.S. Banks (1)
Billions of dollars, end of period
2000
Area or country 1998 1999 June Sept. Dec.
1 Total 1,051.6 945.5 991.0 954.4 1,027.3
2 G-10 countries and
Switzerland 217.7 243.4 313.6 280.3 300.7
3 Belgium and
Luxembourg 10.7 14.3 13.9 13.0 14.2
4 France 18.4 29.0 32.6 29.0 29.6
5 Germany 30.9 38.7 31.5 37.6 45.1
6 Italy 11.5 18.1 20.5 18.6 21.3
7 Netherlands 7.8 12.3 16.0 17.5 18.4
8 Sweden 2.3 3.0 3.5 4.3 3.6
9 Switzerland 8.5 10.3 13.8 10.9 13.2
10 United Kingdom 85.4 79.3 138.2 112.8 115.6
11 Canada 16.8 16.3 18.2 18.5 16.7
12 Japan 25.4 22.1 25.4 18.1 23.0
13 Other industrialized
countries 69.0 68.4 75.3 73.7 74.5
14 Austria 1.4 3.5 2.8 3.5 4.1
15 Denmark 2.2 2.6 1.2 1.8 1.9
16 Finland 1.4 1.9 1.2 2.8 1.5
17 Greece 5.9 6.0 6.7 6.4 8.3
18 Norway 3.2 3.3 4.6 8.5 8.3
19 Portugal 1.4 1.0 2.0 1.5 2.0
20 Spain 13.7 12.1 12.2 10.5 10.3
21 Turkey 4.8 4.8 5.6 5.6 5.9
22 Other Western
Europe 10.4 6.8 7.9 8.3 6.5
23 South Africa 4.4 3.8 4.6 4.2 3.6
24 Australia 20.3 23.5 26.3 20.5 22.1
25 OPEC (2) 27.1 31.4 32.1 31.4 28.9
26 Ecuador 1.3 .8 .7 .6 .6
27 Venezuela 3.2 2.8 2.9 2.9 2.5
28 Indonesia 4.7 4.2 4.1 4.4 4.6
29 Middle East
countries 17.0 23.1 23.8 22.4 20.3
30 African countries 1.0 .5 .7 1.2 .8
31 Non-OPEC developing
countries 143.4 149.4 158.1 149.5 145.5
Latin America
32 Argentina 23.1 23.2 21.6 21.4 21.4
33 Brazil 24.7 27.7 28.3 28.5 28.8
34 Chile 8.3 7.4 8.1 7.3 7.6
35 Colombia 3.2 2.5 2.4 2.4 2.4
36 Mexico 18.9 18.7 20.4 17.5 15.7
37 Peru 2.2 1.7 2.1 2.1 2.0
38 Other 5.4 5.9 6.7 6.2 6.3
Asia
China
39 Mainland 3.0 3.6 3.8 3.4 2.9
40 Taiwan 13.3 12.0 12.6 12.8 10.8
41 India 5.5 7.7 8.2 5.8 9.1
42 Israel 1.1 1.8 1.5 1.1 2.7
43 Korea (South) 13.7 15.2 21.7 21.4 15.5
44 Malaysia 5.6 6.1 6.8 6.9 7.1
45 Philippines 5.1 6.2 5.3 4.7 5.1
46 Thailand 4.7 4.1 4.0 3.9 4.0
47 Other Asia 2.9 2.9 1.9 1.7 1.9
Africa
48 Egypt 1.3 1.4 1.3 1.1 1.1
49 Morocco .5 .4 .3 .4 .3
50 Zaire .0 .0 .0 .0 .0
51 Other Africa (3) 1.0 1.0 .9 .8 .7
52 Eastern Europe 5.5 5.2 9.4 9.0 10.1
53 Russia (4) 2.2 1.6 1.5 1.4 1.0
54 Other 3.3 3.6 7.9 7.6 9.1
55 Offshore banking
centers 93.9 59.9 60.6 59.4 76.3
56 Bahamas 35.4 13.7 8.8 9.3 13.5
57 Bermuda 4.6 8.0 6.3 6.3 9.0
58 Cayman Islands and
other British West
Indies 12.8 1.3 5.1 5.9 14.6
59 Netherlands
Antilles 2.6 1.7 2.6 1.9 1.9
60 Panama (5) 3.9 3.9 3.3 2.5 3.2
61 Lebanon .1 .1 .1 .1 .1
62 Hong Kong, China 23.3 21.0 20.7 20.6 18.7
63 Singapore 11.1 10.1 13.6 12.6 15.2
64 Other (6) .2 .1 .1 .1 .2
65 Miscellaneous and
unallocated (7) 495.1 387.9 342.1 351.1 391.2
2001
Area or country Mar. June Sept. Dec.
1 Total 1,141.1 1,137.0 1,280.6 912.7
2 G-10 countries and
Switzerland 334.6 336.3 291.8 406.2
3 Belgium and
Luxembourg 15.2 13.0 14.3 19.1
4 France 30.0 35.8 34.4 39.1
5 Germany 45.0 51.4 40.9 42.9
6 Italy 20.3 23.6 22.6 20.9
7 Netherlands 22.1 18.6 20.7 19.3
8 Sweden 4.7 4.7 5.1 5.3
9 Switzerland 13.7 13.3 12.8 12.4
10 United Kingdom 140.2 126.2 93.8 194.9
11 Canada 15.4 21.3 20.3 19.1
12 Japan 28.0 28.3 26.8 33.1
13 Other industrialized
countries 75.2 70.0 70.6 70.4
14 Austria 3.8 3.6 4.4 4.8
15 Denmark 3.1 2.7 2.7 2.6
16 Finland 1.4 1.2 1.3 1.1
17 Greece 4.1 3.6 3.6 3.2
18 Norway 10.2 7.9 6.2 8.1
19 Portugal 1.9 1.4 1.4 1.6
20 Spain 12.4 12.4 13.7 12.1
21 Turkey 5.0 4.5 4.1 3.9
22 Other Western
Europe 7.1 6.9 7.2 8.3
23 South Africa 4.1 3.8 4.4 4.1
24 Australia 21.9 22.1 21.6 20.6
25 OPEC (2) 27.9 27.1 27.4 27.3
26 Ecuador .6 .6 .6 .6
27 Venezuela 2.7 2.6 2.6 2.4
28 Indonesia 4.4 4.2 4.0 3.7
29 Middle East
countries 19.7 19.3 19.9 20.3
30 African countries .5 .4 .4 .3
31 Non-OPEC developing
countries 150.1 157.6 201.6 203.3
Latin America
32 Argentina 20.9 19.8 19.2 19.2
33 Brazil 29.4 30.9 30.9 28.0
34 Chile 7.3 7.0 6.4 7.0
35 Colombia 2.4 2.4 2.5 2.5
36 Mexico 16.7 16.3 60.0 68.2
37 Peru 2.0 2.0 1.9 1.8
38 Other 8.6 8.3 8.1 8.9
Asia
China
39 Mainland 3.2 6.7 5.9 5.0
40 Taiwan 11.2 10.7 10.8 12.2
41 India 6.5 11.8 14.1 6.9
42 Israel 2.2 2.0 3.2 3.7
43 Korea (South) 19.9 19.3 19.3 18.5
44 Malaysia 6.5 6.8 6.1 6.7
45 Philippines 5.2 5.4 5.2 5.6
46 Thailand 4.2 4.2 3.9 5.1
47 Other Asia 1.7 1.8 1.6 1.9
Africa
48 Egypt 1.2 1.2 1.4 1.2
49 Morocco .3 .3 .3 .1
50 Zaire .0 .0 .0 .0
51 Other Africa (3) .7 .7 .8 .7
52 Eastern Europe 9.5 9.5 10.2 10.1
53 Russia (4) 1.5 1.5 1.6 1.6
54 Other 8.0 8.0 8.5 8.5
55 Offshore banking
centers 71.4 58.1 71.5 72.0
56 Bahamas 7.0 .0 1.1 7.5
57 Bermuda 7.9 5.7 7.6 7.6
58 Cayman Islands and
other British West
Indies 13.6 11.9 20.3 16.4
59 Netherlands
Antilles 2.9 1.7 5.8 2.8
60 Panama (5) 3.8 3.4 3.5 3.2
61 Lebanon .1 .1 .1 .1
62 Hong Kong, China 21.5 22.3 17.9 18.9
63 Singapore 14.6 12.9 15.2 15.5
64 Other (6) .1 .1 .0 .1
65 Miscellaneous and
unallocated (7) 472.4 478.6 607.6 123.4
2002
Area or country Mar. June (r)
1 Total 796.0 862.4
2 G-10 countries and
Switzerland 322.2 345.0
3 Belgium and
Luxembourg 16.4 17.0
4 France 33.4 42.3
5 Germany 49.2 52.0
6 Italy 19.0 20.0
7 Netherlands 23.7 20.9
8 Sweden 5.5 6.2
9 Switzerland 13.5 14.0
10 United Kingdom 109.5 117.7
11 Canada 16.6 18.2
12 Japan 35.3 36.7
13 Other industrialized
countries 69.9 78.4
14 Austria 5.1 5.7
15 Denmark 3.5 2.9
16 Finland 2.1 1.5
17 Greece 3.3 3.7
18 Norway 9.0 10.6
19 Portugal 1.8 1.8
20 Spain 12.1 13.3
21 Turkey 5.3 4.3
22 Other Western
Europe 8.4 9.0
23 South Africa 3.3 3.5
24 Australia 15.9 22.2
25 OPEC (2) 27.5 26.7
26 Ecuador .6 .6
27 Venezuela 2.4 2.2
28 Indonesia 3.6 3.3
29 Middle East
countries 20.6 20.2
30 African countries .3 .4
31 Non-OPEC developing
countries 195.9 196.0
Latin America
32 Argentina 12.8 12.3
33 Brazil 26.6 24.8
34 Chile 7.1 7.1
35 Colombia 2.4 2.4
36 Mexico 67.1 63.5
37 Peru 1.5 1.5
38 Other 7.9 7.4
Asia
China
39 Mainland 7.0 8.6
40 Taiwan 12.6 16.1
41 India 6.3 5.9
42 Israel 2.4 2.4
43 Korea (South) 22.4 24.4
44 Malaysia 6.4 6.3
45 Philippines 5.4 5.3
46 Thailand 4.0 3.5
47 Other Asia 1.9 2.0
Africa
48 Egypt 1.3 1.5
49 Morocco .1 .1
50 Zaire .0 .0
51 Other Africa (3) .7 .8
52 Eastern Europe 10.6 12.8
53 Russia (4) 2.8 2.8
54 Other 7.9 10.0
55 Offshore banking
centers 56.6 90.6
56 Bahamas 7.5 10.9
57 Bermuda 8.1 12.7
58 Cayman Islands and
other British West
Indies 5.0 27.8
59 Netherlands
Antilles 3.3 2.8
60 Panama (5) 3.3 3.2
61 Lebanon .1 .2
62 Hong Kong, China 15.7 16.5
63 Singapore 13.5 16.6
64 Other (6) .0 .0
65 Miscellaneous and
unallocated (7) 113.4 112.9
(1.) The banking offices covered by these data include U.S. offices and
foreign branches of U.S. banks, including U.S. banks that are
subsidiaries of foreign banks. Offices not covered include U.S.
agencies and branches of foreign banks. Beginning March 1994, the data
include large foreign subsidiaries of U.S. banks. The data also include
other types of U.S. depository institutions as well as some types of
brokers and dealers. To eliminate duplication, the data are adjusted to
exclude the claims on foreign branches held by a U.S. office or another
foreign branch of the same banking institution.
These data are on a gross claims basis and do not necessarily reflect
the ultimate country risk or exposure of U.S. banks. More complete data
on the country risk exposure of U.S. banks are available in the
quarterly Country Exposure Lending Survey published by the Federal
Financial Institutions Examination Council.
(2.) Organization of Petroleum Exporting Countries, shown individually;
other members of OPEC (Algeria, Gabon, Iran, Iraq, Kuwait, Libya,
Nigeria, Qatar, Saudi Arabia, and United Arab Emirates), and Bahrain
and Oman (not formally members of OPEC).
(3.) Excludes Liberia. Beginning March 1994 includes Namibia.
(4.) As of December 1992, excludes other republics of the former Soviet
Union.
(5.) Includes Canal Zone.
(6.) Foreign branch claims only.
(7.) Includes New Zealand, Liberia, and international and regional
organizations.
3.22 LIABILITIES TO UNAFFILIATED FOREIGNERS Reported by Nonbanking
Business Enterprises in the United States
Millions of dollars, end of period
2000
Type of liability, and area or 1998 1999 2000
country
Dec.
1 Total 46,570 53,044 73,904 73,904
2 Payable in dollars 36,668 37,605 48,931 48,931
3 Payable in foreign currencies 9,902 15,415 24,973 24,973
By type
4 Financial liabilities 19,255 27,980 47,419 47,419
5 Payable in dollars 10,371 13,883 25,246 25,246
6 Payable in foreign currencies 8,884 14,097 22,173 22,173
7 Commercial liabilities 27,315 25,064 26,485 26,485
8 Trade payables 10,978 12,857 14,293 14,293
9 Advance receipts and other
liabilities 16,337 12,207 12,192 12,192
10 Payable in dollars 26,297 23,722 23,685 23,685
11 Payable in foreign currencies 1,018 1,318 2,800 2,800
By area or country
Financial liabilities
12 Europe 12,589 23,241 34,172 34,172
13 Belgium and Luxembourg 79 31 147 147
14 France 1,097 1,659 1,480 1,480
15 Germany 2,063 1,974 2,168 2,168
16 Netherlands 1,406 1,996 2,016 2,016
17 Switzerland 155 147 104 104
18 United Kingdom 5,980 16,521 26,362 26,362
19 Canada 693 284 411 411
20 Latin America and Caribbean 1,495 892 4,125 4,125
21 Bahamas 7 1 6 6
22 Bermuda 101 5 1,739 1,739
Z3 Brazil 152 126 148 148
24 British West Indies 957 492 406 406
25 Mexico 59 25 26 26
26 Venezuela 2 0 2 2
27 Asia 3,785 3,437 7,965 7,965
28 Japan 3,612 3,142 6,216 6,216
29 Middle Eastern oil-exporting
countries (1) 0 4 11 11
30 Africa 28 28 52 52
31 Oil-exporting countries: 0 0 0 0
32 All other (3) 665 98 694 694
Commercial liabilities
33 Europe 10,030 9,262 9,629 9,629
34 Belgium and Luxembourg 278 140 293 293
35 France 920 672 979 979
36 Germany 1,392 1,131 1,047 1,047
37 Netherlands 429 507 300 300
38 Switzerland 499 626 502 502
39 United Kingdom 3,697 3,071 2,847 2,847
40 Canada 1,390 1,775 1,933 1,933
41 Latin America and Caribbean 1,618 2,310 2,381 2,381
42 Bahamas 14 22 31 31
43 Bermuda 198 152 281 281
44 Brazil 152 145 114 114
45 British West Indies 10 48 76 76
46 Mexico 347 887 841 841
47 Venezuela 202 305 284 284
48 Asia 12,342 9,886 10,983 10,983
49 Japan 3,827 2,609 2,757 2,757
50 Middle Eastern oil-exporting
countries (1) 2,852 2,551 2,832 2,832
51 Africa 794 950 948 948
52 Oil-exporting countries (2) 393 499 483 483
53 Other (3) 1,141 881 614 614
Type of liability, and area or 2001
country
Mar. June Sept. Dec.
1 Total 73,655 68,028 53,526 66,718
2 Payable in dollars 46,526 41,734 35,347 42,957
3 Payable in foreign currencies 27,129 26,294 18,179 23,761
By type
4 Financial liabilities 47,808 41,908 27,502 41,034
5 Payable in dollars 23,201 17,655 11,415 18,763
6 Payable in foreign currencie 24,607 24,253 16,087 22,271
7 Commercial liabilities 25,847 26,120 26,024 25,684
8 Trade payables 12,481 13,127 11,740 11,820
9 Advance receipts and other
liabilities 13,366 12,993 14,284 13,864
10 Payable in dollars 23,325 24,079 23,932 24,194
11 Payable in foreign currencies 2,522 2,041 2,092 1,490
By area or country
Financial liabilities
12 Europe 37,422 32,785 22,083 31,806
13 Belgium and Luxembourg 112 98 76 154
14 France 1,553 1,222 1,538 2,841
15 Germany 2,624 2,463 1,994 2,344
16 Netherlands 2,169 1,763 1,998 1,954
17 Switzerland 103 93 92 94
18 United Kingdom 28,812 25,363 14,819 22,852
19 Canada 718 628 436 955
20 Latin America and Caribbean 3,632 2,100 414 2,858
21 Bahamas 18 40 5 157
22 Bermuda 1,837 461 47 960
Z3 Brazil 26 21 22 35
24 British West Indies 1,657 1,508 243 1,627
25 Mexico 31 20 24 36
26 Venezuela 1 1 3 2
27 Asia 5,324 5,639 3,869 5,042
28 Japan 4,757 3,297 3,442 3,269
29 Middle Eastern oil-exporting
countries (1) 15 8 9 10
30 Africa 38 61 59 53
31 Oil-exporting countries: 0 0 5 5
32 All other (3) 674 695 672 320
Commercial liabilities
33 Europe 8,792 8,723 8,855 9,230
34 Belgium and Luxembourg 251 297 160 99
35 France 689 665 892 735
36 Germany 982 1,017 966 908
37 Netherlands 349 343 343 1,163
38 Switzerland 623 697 683 790
39 United Kingdom 2,542 2,706 2,296 2,280
40 Canada 1,625 1,957 1,569 1,633
41 Latin America and Caribbean 2,166 2,293 2,879 2,729
42 Bahamas 5 31 44 52
43 Bermuda 280 367 570 591
44 Brazil 239 279 312 290
45 British West Indies 64 21 28 45
46 Mexico 792 762 884 901
47 Venezuela 243 218 242 166
48 Asia 11,542 11,384 11,114 10,532
49 Japan 2,431 2,377 2,421 2,592
50 Middle Eastern oil-exporting
countries (1) 3,359 3,087 3,053 2,642
51 Africa 1,072 1,115 938 836
52 Oil-exporting countries (2) 566 539 471 436
53 Other (3) 650 648 669 724
Type of liability, and area or 2002
country
Mar.
1 Total 74,035
2 Payable in dollars 46,805
3 Payable in foreign currencies 27,230
By type
4 Financial liabilities 45,588
5 Payable in dollars 20,122
6 Payable in foreign currencie 25,466
7 Commercial liabilities 28,447
8 Trade payables 14,872
9 Advance receipts and other
liabilities 13,575
10 Payable in dollars 26,683
11 Payable in foreign currencies 1,764
By area or country
Financial liabilities
12 Europe 38,697
13 Belgium and Luxembourg 119
14 France 3,531
15 Germany 2,802
16 Netherlands 1,951
17 Switzerland 84
18 United Kingdom 28,180
19 Canada 942
20 Latin America and Caribbean 1,547
21 Bahamas 5
22 Bermuda 836
Z3 Brazil 35
24 British West Indies 612
25 Mexico 27
26 Venezuela 1
27 Asia 4,010
28 Japan 3,299
29 Middle Eastern oil-exporting
countries (1) 15
30 Africa 122
31 Oil-exporting countries: 91
32 All other (3) 270
Commercial liabilities
33 Europe 8,372
34 Belgium and Luxembourg 105
35 France 701
36 Germany 584
37 Netherlands 463
38 Switzerland 637
39 United Kingdom 2,747
40 Canada 1,798
41 Latin America and Caribbean 3,454
42 Bahamas 23
43 Bermuda 433
44 Brazil 277
45 British West Indies 67
46 Mexico 1,457
47 Venezuela 281
48 Asia 12,969
49 Japan 4,281
50 Middle Eastern oil-exporting
countries (1) 3,142
51 Africa 976
52 Oil-exporting countries (2) 454
53 Other (3) 878
(1.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(2.) Comprises Algeria, Gabon, Libya, and Nigeria.
(3.) Includes nonmonetary international and regional organizations.
3.23 CLAIMS ON UNAFFILIATED FOREIGNERS
Reported by Nonbanking Business Enterprises in the United States
Millions of dollars, end of period
2000 2001
Type of claim, and area 1998 1999 2000 Dec. Mar.
or country
1 Total 77,462 76,669 90,157 90,157 107,705
2 Payable in dollars 72,171 69,170 79,558 79,558 94,932
3 Payable in foreign
currencies 5,291 7,472 10,599 10,599 12,773
By type
4 Financial claims 46,260 40,231 53.031 53,031 74,255
5 Deposits 30,199 18,566 23,374 23,374 25,419
6 Payable in
dollars 28,549 16,373 21,015 21,015 23,244
7 Payable in
foreign
currencies 1,650 2,193 2,359 2,359 2,175
8 Other financial
claims 16,061 21,665 29,657 29,657 48,836
9 Payable in
dollars 14,049 18,593 25,142 25,142 41,417
10 Payable in
foreign
currencies 2,012 3,072 4,515 4,515 7,419
11 Commercial claims 31,202 36,438 37,126 37,126 33,450
12 Trade receivables 27,202 32,629 33,104 33,104 28,958
13 Advance payments
and other claims 4,000 3,809 4,022 4,022 4,492
14 Payable in dollars 29,573 34,204 33,401 33,401 30,271
15 Payable in foreign
currencies 1,629 2,207 3,725 3,725 3,179
By area or country
Financial claims
16 Europe 12,294 13,023 23,136 23,136 31,855
17 Belgium and
Luxembourg 661 529 296 296 430
18 France 864 967 1,206 1,206 3,142
19 Germany 304 504 848 848 1,401
20 Netherlands 875 1,229 1,396 1,396 2,313
21 Switzerland 414 643 699 699 613
22 United Kingdom 7,766 7,561 15,900 15,900 20,938
23 Canada 2,503 2,553 4,576 4,576 4,847
24 Latin America and
Caribbean 27,714 18,206 19,317 19,317 28,791
25 Bahamas 403 1,593 1,353 1,353 561
26 Bermuda 39 11 19 19 1,729
27 Brazil 835 1,476 1,827 1,827 1,648
28 British West
Indies 24,388 12,099 12,596 12,596 21,227
29 Mexico 1,245 1,798 2,448 2,448 2,461
30 Venezuela 55 48 87 87 38
31 Asia 3,027 5,457 4,697 4,697 7,215
32 Japan 1,194 3,262 1,631 1,631 3,867
33 Middle Eastern
oil-exporting
countries (1) 9 23 80 80 86
34 Africa 159 286 411 411 430
35 Oil-exporting
countries (2) 16 15 57 57 42
36 All other (3) 563 706 894 894 1,117
Commercial claims
37 Europe 13,246 16,389 15,938 15,938 13,775
38 Belgium and
Luxembourg 238 316 452 452 395
39 France 2,171 2,236 3,095 3,095 3,479
40 Germany 1,822 1,960 1,982 1,982 1,586
41 Netherlands 467 1,429 1,729 1,729 757
42 Switzerland 483 610 763 763 634
43 United Kingdom 4,769 5,827 4,502 4,502 3,562
44 Canada 2,617 2,757 3,502 3,502 3,392
45 Latin America and
Caribbean 6,296 5,959 5,851 5,851 5,144
46 Bahamas 24 20 37 37 20
47 Bermuda 536 390 376 376 407
48 Brazil 1,024 905 957 957 975
49 British West
Indies 104 181 137 137 130
50 Mexico 1,545 1,678 1,507 1,507 1,350
51 Venezuela 401 439 328 328 292
52 Asia 7,192 9,165 9,630 9,630 8,985
53 Japan 1,681 2,074 2,796 2,796 2,560
54 Middle Eastern
oil-exporting
countries (1) 1,135 1,625 1,024 1,024 966
55 Africa 711 631 672 672 773
56 Oil-exporting
countries (2) 165 171 180 180 165
57 Other (3) 1,140 1,537 1,572 1,572 1,381
2001 2002
Type of claim, and area June Sept. Dec. Mar.
or country
1 Total 97,470 94,076 113,155 102,058 (r)
2 Payable in dollars 87,690 83,292 103,937 92,486 (r)
3 Payable in foreign
currencies 9,780 10,784 9,218 9,572 (r)
By type
4 Financial claims 61,891 60,015 81,287 71,696
5 Deposits 25,381 22,391 29,801 28,128
6 Payable in
dollars 23,174 19,888 27,850 26,317
7 Payable in
foreign
currencies 2,207 2,503 1,951 1,811
8 Other financial
claims 36,510 37,624 51,486 43,568
9 Payable in
dollars 32,038 32,076 46,621 39,553
10 Payable in
foreign
currencies 4,472 5,548 4,865 4,015
11 Commercial claims 35,579 34,061 31.868 30,362 (r)
12 Trade receivables 30,631 29,328 27,586 25,597 (r)
13 Advance payments
and other claims 4,948 4,733 4,282 4,765 (r)
14 Payable in dollars 32,478 31,328 29,466 26,616 (r)
15 Payable in foreign
currencies 3,101 2,733 2,402 3,746 (r)
By area or country
Financial claims
16 Europe 23,975 23,069 26,118 23,671
17 Belgium and
Luxembourg 262 372 625 751
18 France 1,376 1,682 1,450 1,801
19 Germany 1,163 1,112 1,068 941
20 Netherlands 1,072 954 2,138 1,820
21 Switzerland 653 665 589 308
22 United Kingdom 15,913 15,670 16,510 14,023
23 Canada 4,787 4,254 6,193 5,291
24 Latin America and
Caribbean 24,403 26,099 41,201 35,001
25 Bahamas 818 649 976 1,197
26 Bermuda 426 80 918 611
27 Brazil 1,877 2,065 2,127 1,892
28 British West
Indies 17,505 19,234 32,965 27,350
29 Mexico 2,633 2,910 3,075 2,777
30 Venezuela 66 80 83 79
31 Asia 6,829 5,274 6,430 6,489
32 Japan 1,698 1,761 1,604 2,009
33 Middle Eastern
oil-exporting
countries (1) 76 100 135 79
34 Africa 476 456 414 390
35 Oil-exporting
countries (2) 35 83 49 51
36 All other (3) 1,421 891 931 854
Commercial claims
37 Europe 14,469 14,381 14,036 12,708 (r)
38 Belgium and
Luxembourg 403 354 268 272
39 France 3,190 3,062 2,922 2,883 (r)
40 Germany 1,993 1,977 1,662 1,198 (r)
41 Netherlands 863 844 529 415
42 Switzerland 473 514 611 436
43 United Kingdom 3,724 3,571 3,839 3,579 (r)
44 Canada 3,470 3,116 2,855 2,760 (r)
45 Latin America and
Caribbean 6,033 5,590 4,874 4,891 (r)
46 Bahamas 39 35 42 42
47 Bermuda 650 526 369 422
48 Brazil 1,363 1,183 958 837 (r)
49 British West
Indies 135 124 95 73
50 Mexico 1,375 1,442 1,401 1,225 (r)
51 Venezuela 321 301 288 312
52 Asia 9,499 8,704 7,855 7,513 (r)
53 Japan 3,148 2,438 2,007 1,975 (r)
54 Middle Eastern
oil-exporting
countries (1) 1,040 919 851 657 (r)
55 Africa 601 838 645 630
56 Oil-exporting
countries (2) 102 170 88 109
57 Other (3) 1,507 1,432 1,603 1,860 (r)
(1.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(2.) Comprises Algeria, Gabon, Libya, and Nigeria.
(3.) Includes nonmonetary international and regional organizations.
3.24 FOREIGN TRANSACTIONS IN SECURITIES
Millions of dollars
2002 2002
Transaction, and area 2000 2001 Jan.- Jan.
or country July
U.S. corporate securities
STOCKS
1 Foreign purchases 3,605,196 3,051,335 1,908,090 255,717
2 Foreign sales 3,430,306 2,934,949 1,869,359 247,101
3 Net purchases, or
sales (-) 174,890 116,386 38,731 8,616
4 Foreign countries 174,903 116,183 38,810 8,737
5 Europe 164,656 88,098 22,596 8,730
6 France 5,727 5,914 732 1,302
7 Germany 31,752 8,415 524 479
8 Netherlands 4,915 10,919 1,552 406
9 Switzerland 11,960 3,456 1,461 470
10 United Kingdom 58,736 38,492 9,205 3,972
11 Channel Islands and
Isle of Man (1) n.a. -698 -292 -81
12 Canada 5,956 10,984 5,708 591
13 Latin America and
Caribbean -17,812 -5,155 -6,354 -1,447
14 Middle East (2) 9,189 1,789 -1,035 96
15 Other Asia 12,494 20,724 15,584 571
16 Japan 2,070 6,788 12,200 -209
17 Africa 415 -366 -19 32
18 Other countries 5 109 2,330 164
19 Nonmonetary
international and
regional
organizations -11 203 -78 -121
BONDS (3)
20 Foreign purchases 1,208,386 1,943,158 1,432,831 181,519
21 Foreign sales 871,416 1,556,217 1,217,728 161,985
22 Net purchases, or
sales (-) 336,970 386,941 215,103 19,534
23 Foreign countries 337,074 386,376 215,419 19,624
24 Europe 180,917 195,798 96,788 7,890
25 France 2,216 5,028 2,044 68
26 Germany 4,067 12,362 3,263 93
27 Netherlands 1,130 1,538 -560 -1,495
28 Switzerland 3,973 5,721 5,041 143
29 United Kingdom 141,223 153,158 69,237 7,619
30 Channel Islands and
Isle of Man (1) n.a. 2,000 531 130
31 Canada 13,287 4,595 1,461 338
32 Latin America and
Caribbean 59,444 77,217 52,917 4,655
33 Middle East (1) 2,076 2,338 1,125 420
34 Other Asia 78,794 106,812 61,174 6,802
35 Japan 39,356 34,099 19,513 -717
36 Africa 938 760 576 -30
37 Other countries 1,618 -1,144 1,378 -451
38 Nonmonetary
international and
regional
organizations -70 566 -316 -90
Foreign securities
39 Stocks, net
purchases, or
sales (-) -13,088 -50,113 2,819 3,822
40 Foreign purchases 1,802,185 1,397,664 793,303 103,389
41 Foreign sales 1,815,273 1,447,777 790,484 99,567
42 Bonds, net
purchases, or
sales (-) -4,054 30,423 24,789 -5,558
43 Foreign purchases 958,932 1,159,185 754,446 93,550
44 Foreign sales 962,986 1,128,762 729,657 99,108
45 Net purchases, or
sales (-), of
stocks and bonds -17,142 -19,690 27,608 -1,736
46 Foreign countries -17,278 -19,102 27,701 -1,720
47 Europe -25,386 -12,117 13,810 -2,417
48 Canada -3,888 2,943 6,107 1,381
49 Latin America and
Caribbean -15,688 4,245 4,443 2,644
50 Asia 24,488 -11,869 4,120 -3,478
51 Japan 20,970 -20,116 13 400
52 Africa 943 -557 -984 72
53 Other countries 2,253 -1,747 207 78
54 Nonmonetary
international and
regional
organizations 150 -587 -95 -16
2002
Transaction, and area Feb. Mar. Apr. May
or country
U.S. corporate securities
STOCKS
1 Foreign purchases 259,946 286,550 272,125 274,543
2 Foreign sales 257,633 279,633 264,298 274,889
3 Net purchases, or
sales (-) 2,101 6,917 7,827 -346
4 Foreign countries 2,104 6,932 7,834 -324
5 Europe 4,442 6,810 2,591 -2,548
6 France 304 405 1,202 -1,270
7 Germany 429 332 56 -48
8 Netherlands 100 192 -663 41
9 Switzerland 566 569 814 89
10 United Kingdom 1,323 3,110 -324 -1,829
11 Channel Islands and
Isle of Man (1) -103 -113 -63 -3
12 Canada 457 598 1,262 546
13 Latin America and
Caribbean -4,495 302 1,989 -703
14 Middle East (2) -165 -901 -273 -30
15 Other Asia 1,634 245 2,143 2,253
16 Japan 194 1,002 1,244 3,116
17 Africa 5 -26 -41 9
18 Other countries 226 -96 163 149
19 Nonmonetary
international and
regional
organizations -2 -15 -7 -22
BONDS (3)
20 Foreign purchases 168,728 219,993 217,174 219,544 (r)
21 Foreign sales 155,237 173,530 175,184 174,561
22 Net purchases, or
sales (-) 13,487 46,463 41,990 44,983
23 Foreign countries 13,217 46,642 42,005 45,113 (r)
24 Europe 4,619 21,094 20,875 19,139 (r)
25 France 14 578 380 350
26 Germany -253 1,545 385 132
27 Netherlands 550 -173 732 -49
28 Switzerland 826 -102 247 1,412 (r)
29 United Kingdom 1,740 16,350 15,540 15,299
30 Channel Islands and
Isle of Man (1) 14 309 20 92
31 Canada -243 869 385 -193
32 Latin America and
Caribbean 6,077 13,531 8,261 15,618
33 Middle East (1) 342 377 9 -172
34 Other Asia 2,094 10,321 12,440 10,610
35 Japan -957 -466 8,511 5,048
36 Africa 22 34 95 13
37 Other countries 306 416 -60 98
38 Nonmonetary
international and
regional
organizations 270 -179 -15 -130
Foreign securities
39 Stocks, net
purchases, or
sales (-) -2,723 5,553 -3,565 -8,245
40 Foreign purchases 95,364 116,460 114,997 113,259
41 Foreign sales 98,087 110,907 118,562 121,504
42 Bonds, net
purchases, or
sales (-) 2,245 7,333 461 6,871
43 Foreign purchases 89,172 109,465 99,383 124,357
44 Foreign sales 86,927 102,132 98,922 117,486
45 Net purchases, or
sales (-), of
stocks and bonds -478 12,886 -3,104 -1,374
46 Foreign countries -467 12,981 -3,208 -1,423
47 Europe 588 13,670 -4,809 329
48 Canada -289 -764 1,565 56
49 Latin America and
Caribbean -1,469 1,353 -1,106 -1,699
50 Asia 614 -949 2,220 381
51 Japan -660 -2,789 998 -518
52 Africa 62 -72 -1,141 -118
53 Other countries 29 -257 63 -372
54 Nonmonetary
international and
regional
organizations -13 -95 104 49
2002
Transaction, and area June July (r)
or country
U.S. corporate securities
STOCKS
1 Foreign purchases 248,562 310,647
2 Foreign sales 244,549 301,044
3 Net purchases, or
sales (-) 4,013 9,603
4 Foreign countries 3,997 9,530
5 Europe -653 3,224
6 France -1,249 38
7 Germany -131 -593
8 Netherlands 36 1,440
9 Switzerland -710 -337
10 United Kingdom 1,117 1,836
11 Channel Islands and
Isle of Man (1) -2 73
12 Canada 373 1,881
13 Latin America and
Caribbean -673 -1,327
14 Middle East (2) 198 40
15 Other Asia 3,986 4,752
16 Japan 3,193 3,660
17 Africa -1 3
18 Other countries 767 957
19 Nonmonetary
international and
regional
organizations 16 73
BONDS (3)
20 Foreign purchases 204,706 (r) 221,171
21 Foreign sales 171,707 205,524
22 Net purchases, or
sales (-) 32,999 (r) 15,647
23 Foreign countries 32,850 (r) 15,968
24 Europe 20,019 (r) 3,152
25 France 462 192
26 Germany 681 680
27 Netherlands -518 393
28 Switzerland 1,109 1,406
29 United Kingdom 13,022 (r) -333
30 Channel Islands and
Isle of Man (1) -14 -20
31 Canada 923 -618
32 Latin America and
Caribbean 2,936 1,839
33 Middle East (1) 24 125
34 Other Asia 8,565 10,342
35 Japan 3,334 4,760
36 Africa 330 112
37 Other countries 53 1,016
38 Nonmonetary
international and
regional
organizations 149 -321
Foreign securities
39 Stocks, net
purchases, or
sales (-) -4,973 12,950
40 Foreign purchases 111,704 138,130
41 Foreign sales 116,677 125,180
42 Bonds, net
purchases, or
sales (-) 5,730 7,707
43 Foreign purchases 118,365 120,154
44 Foreign sales 112,635 112,447
45 Net purchases, or
sales (-), of
stocks and bonds 757 20,657
46 Foreign countries 791 20,747
47 Europe -4,629 11,078
48 Canada 2,240 1,918
49 Latin America and
Caribbean 2,785 1,935
50 Asia 342 4,990
51 Japan -871 3,453
52 Africa 8 205
53 Other countries 45 621
54 Nonmonetary
international and
regional
organizations -34 -90
(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.
3.25 MARKETABLE U.S. TREASURY BONDS AND NOTES
Foreign Transactions (1)
Millions of dollars; net purchases, or sales (-) during period
2002
Area or country 2000 2001 Jan.- Jan.
July
1 Total estimated -54,032 18,472 26,701 -16,762
2 Foreign countries -53,571 19,158 26,124 -17,027
3 Europe -50,704 -20,510 -7,081 -6,688
4 Belgium: 73 -598 542 -108
5 Germany -7,304 -1,668 -4,967 -3,466
6 Luxembourg: n.a. 462 -1,051 -514
7 Netherlands 2,140 -6,728 -20,410 -2,098
8 Sweden 1,082 -1,190 -117 -337
9 Switzerland -10,326 1,412 855 313
10 United Kingdom -33,669 -7,185 20,554 -86
11 Channel Islands
and Isle of
Man (3) n.a. -179 812 -3
12 Other Europe and
former U.S.S.R -2,700 -4,836 -3,299 -389
13 Canada -550 -4,136 -2,168 -3,473
14 Latin America and
Caribbean -4,914 5,046 15,812 2,603
15 Venezuela 1,288 290 104 33
16 Other Latin
America and
Caribbean -11,581 15,500 16,854 1,635
17 Netherlands
Antilles 5,379 -10,744 -1,146 935
18 Asia 1,639 37,992 16,966 -9,221
19 Japan 10,580 17,774 8,309 -6,649
20 Africa -414 -880 336 -65
21 Other 1,372 1,646 2,259 -183
22 Nonmonetary
international
and regional
organizations -461 -686 577 265
23 International -483 -290 462 138
24 Latin American
Caribbean regional 76 41 -13 -1
MEMO
25 Foreign countries -53,571 19,158 26,124 -17,027
26 Official
institutions -6,302 3,474 -4,705 -3,000
27 Other foreign -47,269 15,684 30,829 -14,027
Oil-exporting
countries
28 Middle East (4) 3,483 865 793 784
29 Africa (5) 0 -2 -24 0
2002
Area or country Feb. Mar. Apr. May
1 Total estimated -169 13,916 -9,146 73
2 Foreign countries -493 13,767 -9,456 573
3 Europe -79 7,068 -6,544 -6,732
4 Belgium: -263 410 -71 8
5 Germany -277 1,759 -115 649
6 Luxembourg: -126 79 -325 -166
7 Netherlands 812 -3,891 -3,295 -9,328
8 Sweden -230 269 103 55
9 Switzerland -115 973 -1,262 341
10 United Kingdom 1,938 7,110 -3,696 1,854
11 Channel Islands
and Isle of
Man (3) 47 -251 -35 84
12 Other Europe and
former U.S.S.R -1,865 610 2,152 -229
13 Canada 1,204 1,695 -1,075 1,454
14 Latin America and
Caribbean -6,194 -424 -720 7,755
15 Venezuela -12 -7 -18 6
16 Other Latin
America and
Caribbean -3,072 8,838 -1,138 1,749
17 Netherlands
Antilles -3,110 -9,255 436 6,000
18 Asia 3,862 5,653 -1,389 -2,366
19 Japan 2,456 -2,309 3,173 655
20 Africa 134 70 -176 -38
21 Other 580 -295 448 500
22 Nonmonetary
international
and regional
organizations 324 149 310 -500
23 International 52 199 398 -240
24 Latin American
Caribbean regional 15 -5 -47 -14
MEMO
25 Foreign countries -493 13,767 -9,456 573
26 Official
institutions -2,177 5,254 -1,606 -69
27 Other foreign 1,684 8,513 -7,850 642
Oil-exporting
countries
28 Middle East (4) 50 137 1,382 -753
29 Africa (5) -1 2 -25 0
2002
Area or country June July (r)
1 Total estimated 13,412 25,377
2 Foreign countries 13,289 25,471
3 Europe 441 5,453
4 Belgium: 292 274
5 Germany -587 -2,930
6 Luxembourg: 85 -84
7 Netherlands -2,757 147
8 Sweden 192 -169
9 Switzerland 359 246
10 United Kingdom 2,852 10,582
11 Channel Islands
and Isle of
Man (3) 793 177
12 Other Europe and
former U.S.S.R -788 -2,790
13 Canada -856 -1,117
14 Latin America and
Caribbean 7,306 5,486
15 Venezuela 160 -58
16 Other Latin
America and
Caribbean 4,222 4,620
17 Netherlands
Antilles 2,924 924
18 Asia 5,840 14,587
19 Japan 2,694 8,289
20 Africa 299 112
21 Other 259 950
22 Nonmonetary
international
and regional
organizations 123 -94
23 International -21 -64
24 Latin American
Caribbean regional 28 11
MEMO
25 Foreign countries 13,289 25,471
26 Official
institutions 2,161 -5,268
27 Other foreign 11,128 30,739
Oil-exporting
countries
28 Middle East (4) -487 -320
29 Africa (5) 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. Emirates (Trucial States).
(2.) Before January 2001, combined data reported for Belgium and
Luxembourg.
(3.) Before January 2001, these data were included in the data reported
for the United Kingdom.
(4.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(5.) Comprises Algeria, Gabon, Libya, and Nigeria.
3.28 FOREIGN EXCHANGE RATES AND INDEXES OF THE FOREIGN EXCHANGE VALUE
OF THE U.S. DOLLAR (1)
Currency units per U.S. dollar except as noted
Item 1999 2000 2001
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/
dollar (2) 64.54 58.15 51.69
2 Brazil/real 1.8207 1.8301 2.3527
3 Canada/dollar 1.4858 1.4855 1.5487
4 China, P.R./yuan 8.2783 8.2784 8.2770
5 Denmark/krone 6.9900 8.0953 8.3323
6 European Monetary
Union/euro (3) 1.06531 0.9232 0.8952
7 Greece/drachma 306.30 365.92 n.a.
8 HongKong/dollar 7.7594 7.7924 7.7997
9 India/rupee 43.13 45.00 47.22
10 Japan/yen 113.73 107.80 121.57
11 Malaysia/ringgit 3.8000 3.8000 3.8000
12 Mexico/peso 9.553 9.459 9.337
13 New Zealand/
dollar (2) 52.94 45.68 42.02
14 Norway/krone 7.8071 8.8131 8.9964
15 Singapore/dollar 1.6951 1.7250 1.7930
16 South Africa/rand 6.1191 6.9468 8.6093
17 South Korea/won 1,189.84 1,130.90 1,292.01
18 Sri Lanka/rupee 70.868 76.964 89.602
19 Sweden/krona 8.2740 9.1735 10.3425
20 Switzerland/franc 1.5045 1.6904 1.6891
21 Taiwan/dollar 32.322 31.260 33.824
21 Thailand/baht 37.887 40.210 44.532
23 United Kingdom/
pound (2) 161.72 151.56 143.96
24 Venezuela/bolivar 606.82 680.52 724.10
Indexes (4)
NOMINAL
25 Broad (January 1997=
100) (3) 116.87 119.67 126.09
26 Major currencies
(March 1973=
100) (6) (January 94.07 98.32 104.32
27 Other important
trading partners 129.94 130.33 136.34
REAL
28 Broad (March 1973=
100) (5) 100.78 104.32 110.42
29 Major currencies
(March 1973=
100) (6) 97.06 103.17 110.73
30 Other important
trading partners
(March 1973=
100) (7) 114.26 114.53 119.21
Item Apr. May June
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/
dollar (2) 53.52 54.98 56.82
2 Brazil/real 2.3227 2.4753 2.7144
3 Canada/dollar 1.5815 1.5502 1.5318
4 China, P.R./yuan 8.2772 8.2770 8.2767
5 Denmark/krone 8.3942 8.1098 7.7775
6 European Monetary
Union/euro (3) 0.8860 0.9170 0.9561
7 Greece/drachma n.a. n.a. n.a.
8 HongKong/dollar 7.8000 7.7994 7.8000
9 India/rupee 48.94 49.02 48.98
10 Japan/yen 130.77 126.38 123.29
11 Malaysia/ringgit 3.8000 3.8000 3.8000
12 Mexico/peso 9.165 9.510 9.767
13 New Zealand/
dollar (2) 44.28 46.10 48.86
14 Norway/krone 8.6102 8.2050 7.7533
15 Singapore/dollar 1.8285 1.8004 1.7831
16 South Africa/rand 11.0832 10.1615 10.1841
17 South Korea/won 1,318.09 1,262.20 1,219.70
18 Sri Lanka/rupee 96.030 96.318 96.408
19 Sweden/krona 10.3070 10.0642 9.5376
20 Switzerland/franc 1.6542 1.5889 1.5399
21 Taiwan/dollar 34.917 34.454 33.889
21 Thailand/baht 43.442 42.817 42.160
23 United Kingdom/
pound (2) 144.29 145.98 148.37
24 Venezuela/bolivar 871.38 985.80 1,212.07
Indexes (4)
NOMINAL
25 Broad (January 1997=
100) (3) 128.95 127.35 125.96
26 Major currencies
(March 1973=
100) (6) (January 107.03 104.09 101.42
27 Other important
trading partners 138.86 139.71 140.70
REAL
28 Broad (March 1973=
100) (5) 112.70 111.16 (r) 109.90 (r)
29 Major currencies
(March 1973=
100) (6) 113.96 110.63 107.80
30 Other important
trading partners
(March 1973=
100) (7) 120.45 121.09 (r) 121.84 (r)
Item July Aug. Sept.
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/
dollar (2) 55.38 54.13 54.65
2 Brazil/real 2.9414 3.1082 3.3548
3 Canada/dollar 1.5456 1.5694 1.5761
4 China, P.R./yuan 8.2768 8.2767 8.2760
5 Denmark/krone 7.4807 7.5948 7.5752
6 European Monetary
Union/euro (3) 0.9935 0.9781 0.9806
7 Greece/drachma n.a. n.a. n.a.
8 HongKong/dollar 7.8000 7.8008 7.7999
9 India/rupee 48.79 48.62 48.46
10 Japan/yen 117.90 118.99 121.08
11 Malaysia/ringgit 3.8000 3.8000 3.8000
12 Mexico/peso 9.779 9.839 10.071
13 New Zealand/
dollar (2) 48.09 46.35 (r) 47.02
14 Norway/krone 7.4694 7.6042 7.5018
15 Singapore/dollar 1.7524 1.7553 1.7682
16 South Africa/rand 10.1032 10.5878 10.5967
17 South Korea/won 1,179.99 1,197.51 1,211.61
18 Sri Lanka/rupee 96.266 96.281 96.207
19 Sweden/krona 9.3474 9.4610 9.3400
20 Switzerland/franc 1.4718 1.4972 1.4931
21 Taiwan/dollar 33.272 33.884 34.573
21 Thailand/baht 41.257 42.193 42.893
23 United Kingdom/
pound (2) 155.65 153.68 155.63
24 Venezuela/bolivar 1,317.38 1,379.73 1,458.39
Indexes (4)
NOMINAL
25 Broad (January 1997=
100) (3) 124.20 125.64 126.67
26 Major currencies
(March 1973=
100) (6) (January 98.97 100.35 100.68
27 Other important
trading partners 140.47 141.69 143.71
REAL
28 Broad (March 1973=
100) (5) 108.37 (r) 109.73 (r) 111.04
29 Major currencies
(March 1973=
100) (6) 105.27 (r) 106.81 (r) 107.95
30 Other important
trading partners
(March 1973=
100) (7) 121.55 (r) 122.78 (r) 124.43
(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.
COPYRIGHT 2002 Board of Governors of the Federal Reserve System
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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