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 Foreign official institutions Central governments of foreign countries, including all departments and agencies of national governments; central banks, exchange authorities, and all fiscal agents of foreign national governments that undertake activities similar to those of a treasury, central bank, or stabilization fund; diplomatic and consular establishments of foreign national governments; and any international or regional organization, including subordinate andReported 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, September 30, 2002 A60 Terms of lending at commercial banks, November 2002 A66 Assets and liabilities of U.S. branches and agencies of foreign banks, September 30, 2002 A76 INDEX TO STATISTICAL TABLES Guide to Tables
SYMBOLS AND ABBREVIATIONS
c Corrected
e Estimated
n.a. Not available
n.e.c. Not elsewhere classified
p Preliminary
r Revised (Notation appears in column heading
when about half the figures in the column have
been revised from the most recently published
table.)
* Amount insignificant in terms of the last decimal
place shown in the table (for example, less than
500,000 when the smallest unit given is in millions)
0 Calculated to be zero
... Cell not applicable
ABS Asset-backed security
ATS Automatic transfer service
BIF Bank insurance fund
CD Certificate of deposit
CMO Collateralized mortgage obligation
CRA Community Reinvestment Act of 1977
FAMC Federal Agriculture Mortgage Corporation
FFB Federal Financing Bank
FHA Federal Housing Administration
FHLBB Federal Home Loan Bank Board
FHLMC Federal Home Loan Mortgage Corporation
FmHA Farmers Home Administration
FNMA Federal National Mortgage Association
FSA Farm Service Agency
FSLIC Federal Savings and Loan Insurance Corporation
G-7 Group of Seven
G-10 Group of Ten
GDP Gross domestic product
GNMA Government National Mortgage Association
GSE Government-sponsored enterprise
HUD Department of Housing and Urban
Development
IMF International Monetary Fund
IOs Interest only, stripped, mortgage-backed securities
IPCs Individuals, partnerships, and corporations
IRA Individual retirement account
MMDA Money market deposit account
MSA Metropolitan statistical area
NAICS North American Industry Classification System
NOW Negotiable order of withdrawal
OCDs Other checkable deposits
OPEC Organization of Petroleum Exporting Countries
OTS Office of Thrift Supervision
PMI Private mortgage insurance
POs Principal only, stripped, mortgage-backed securities
REIT Real estate investment trust
REMICs Real state mortgage investment conduits
RHS Rural Housing Service
RP Repurchase agreement
RTC Resolution Trust Corporation
SCO Securitized credit obligation
SDR Special drawing right
SIC Standard Industrial Classification
TIIS Treasury inflation-indexed securities
VA Department of Veterans Affairs
GENERAL INFORMATION In many of the tables, components do not sum to totals because of rounding. Minus signs are used to indicate (1) a decrease, (2) a negative figure, or (3) an outflow. "U.S. government securities" may include guaranteed issues of U.S. government agencies (the flow of funds figures also include not fully guaranteed issues) as well as direct obligations of the U.S. Treasury. "State and local government" also includes municipalities, special districts, and other political subdivisions.
1.10 RESERVES AND MONEY STOCK MEASURES
Percent annual rate of change, seasonally adjusted (1)
2001 2002 2002
Monetary or credit July
aggregate Q4 Q1 (r) Q2 (r) Q3 (r) (r)
Reserves of depository
institutions (2)
1 Total -31.2 -9.7 -15.9 -.9 11.2
2 Required 22.1 -9.2 -14.9 -3.6 7.2
3 Nonborrowed -21.4 -9.3 -16.5 -2.4 9.7
4 Monetary base (3) 6.4 9.1 8.1 7.2 8.4
Concepts of money (4)
5 M1 2.1 5.9 -.6 2.4 7.3
6 M2 9.5 5.4 3.3 10.3 12.7
7 M3 12.2 4.6 3.1 8.5 8.5
Nontransaction
components
8 In M2 (5) 11.5 5.3 4.4 12.4 14.2
9 In M3 only (6) 18.3 3.1 2.8 4.8 -.5
Time and savings
Commercial banks
10 Savings, including 22.6 (r) 18.9 13.3 21.3 17.3
MMDAs (6)
11 Small time (7) -13.1 (r) -17.0 -4.9 -6.3 -8.6
12 Large time (8, 9) -9.3 4.7 12.3 4.8 7.0
Thrift institutions
13 Savings, including 29.4 (r) 29.5 22.1 21.6 23.3
MMDAs
14 Small time (7) -9.3 (r) -13.2 -15.3 -11.6 -8.5
15 Large time (8) 3.0 (r) 1.0 -8.2 -2.1 2.2
Money market mutual
funds
16 Retail 7.9 -11.0 -10.5 9.0 24.0
17 Institution-only 49.5 0.3 2.9 .1 -4.6
Repurchase agreements
and eurodollars
18 Repurchase .7 9.6 -5.9 25.8 -1.6
agreements (10)
19 Eurodollars (10) -7.9 (r) 6.4 -6.4 -2.2 -1.2
2002
Monetary or credit
aggregate Aug. (r) Sept. (r) Oct. (r) Nov.
Reserves of depository
institutions (2)
1 Total 11.3 -23.3 -10.9 19.9
2 Required 3.5 -19.3 -13.7 18.6
3 Nonborrowed 7.1 -20.4 -8.3 15.9
4 Monetary base (3) 4.3 .8 3.7 4.6
Concepts of money (4)
5 M1 -14.2 8.1 8.5 1.1
6 M2 9.5 5.3 10.2 9.8
7 M3 10.8 5.1 3.1 19.7
Nontransaction
components
8 In M2 (5) 16.0 4.5 10.7 12.1
9 In M3 only (6) 13.6 4.7 -12.2 41.6
Time and savings
Commercial banks
10 Savings, including 32.9 17.5 20.2 22.5
MMDAs (6)
11 Small time (7) -9.3 -13.9 -12.3 -9.0
12 Large time (8, 9) .2 .7 11.7 -20.8
Thrift institutions
13 Savings, including 25.8 22.2 29.1 16.6
MMDAs
14 Small time (7) -8.5 -10.9 -9.5 -6.4
15 Large time (8) 14.0 6.4 10.6 10.5
Money market mutual
funds
16 Retail -.2 -17.2 -1.6 5.4
17 Institution-only -1.5 -14.3 -36.2 80.9
Repurchase agreements
and eurodollars
18 Repurchase 81.4 59.1 -5.2 60.6
agreements (10)
19 Eurodollars (10) 23.5 23.1 15.7 19.5
(1.) Unless otherwise noted, rates of change are calculated from
average amounts outstanding during preceding month or quarter.
(2.) Figures incorporate adjustments for discontinuities, or
"breaks," associated with regulatory changes in reserve requirements
(See also table 1.20.)
(3.) The seasonally adjusted, break-adjusted monetary base consists
of (1) seasonally adjusted, break-adjusted total reserves (line 1),
plus (2) the seasonally adjusted currency component of the money
stock, plus (3) (for all quarterly reporters on the "Report of
Transaction Accounts, Other Deposits and Vault Cash" and for all
weekly reporters whose vault cash exceeds their required reserves)
the seasonally adjusted, break-adjusted difference between current
vault cash and the amount applied to satisfy current reserve
requirements.
(4.) Composition of the money stock measures is as follows:
M1: (1) currency outside the U.S. Treasury, Federal Reserve Banks,
and the vaults of depository institutions, (2) travelers checks of
nonbank issuers, (3) demand deposits at all commercial banks other
than those owed to depository institutions, the U.S. government, and
foreign banks and official institutions, less cash items in the
process of collection and Federal Reserve float, and (4) other
checkable deposits (QCDs), consisting of negotiable order of
withdrawal (NOW) and automatic transfer service (ATS) accounts at
depository institutions, credit union share draft accounts, and
demand deposits at thrift institutions. Seasonally adjusted M1 is
computed by summing currency, travelers checks, demand deposits, and
OCDs, each seasonally adjusted separately.
M2: M1 plus (1) savings (including MMDAs), (2) small-denomination
time deposits (time deposits--including retail RPs--in amounts of less
than $100,000), and (3) balances in retail money market mutual funds.
Excludes individual retirement accounts (IRAs) and Keogh balances at
depository institutions and money market funds.
Seasonally adjusted M2 is calculated by summing savings deposits,
small-denomination time deposits, and retail money fund balances,
each seasonally adjusted separately, and adding this result to
seasonally adjusted M1.
M3: M2 pins (1) large-denomination time deposits (in amounts of
$100,000 or more), (2) balances in institutional money funds, (3) RP
liabilities (overnight and term) issued by all depository
institutions, and (4) eurodollars (overnight and term) held by U.S.
residents at foreign branches of U.S. banks worldwide and at all
banking offices in the United Kingdom and Canada. Excludes amounts
held by depository institutions, the U.S. government, money market
funds, and foreign banks and official institutions. Seasonally
adjusted M3 is calculated by summing large time deposits,
institutional money fund balances, RP liabilities, and eurodollars,
each seasonally adjusted separately, and adding this result to
seasonally adjusted M2.
(5.) Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances, each seasonally
adjusted separately.
(6.) Sum of (1) large time deposits, (2) institutional money fund
balances, (3) RP liabilities (overnight and term) issued by
depository institutions, and (4) eurodollars (overnight and term)
of U.S. addressees, each seasonally adjusted separately.
(7.) Small time deposits-including retail RPs--are those issued in
amounts of less than $100,000. All IRA and Keogh account balances at
commercial banks and thrift institutions are subtracted from small
time deposits.
(8.) Large time deposits are those issued in amounts of $100,000 or
more, excluding those booked at international banking facilities.
(9.) Large time deposits at commercial banks less those held by
money market funds, depository institutions, the U.S. government,
and foreign banks and official institutions.
(10.) Includes both overnight and term.
Money Stock and Bank Credit
1.11 RESERVES OF DEPOSITORY INSTITUTIONS AND RESERVE BANK CREDIT (1)
Millions of dollars
Average of
daily figures
Factor 2002
Sept. Oct. Nov.
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 659,221 659,702 666,517
U.S. government
securities (2)
2 Bought outright--System
account (3) 604,667 609,157 608,689
3 Held under repurchase
agreements 0 0 0
Federal agency
obligations
4 Bought outright 10 10 10
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty (4) 16,617 11,242 19,308
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 14 13 213
9 Seasonal credit 168 120 61
10 Special Liquidity
Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float -262 363 104
13 Other Federal Reserve
assets 38,008 38,797 38,133
14 Gold stock 11,042 11,042 11,042
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency
outstanding 34,282 34,349 34,410
ABSORBING RESERVE FUNDS
17 Currency in circulation 661,583 662,719 668,223
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 367 389 387
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 5,838 4,873 5,024
21 Foreign 101 164 118
22 Service-related balances
and adjustments 10,178 10,266 10,483
23 Other 221 223 228
24 Other Federal Reserve
liabilities and capital 19,399 19,530 19,765
25 Reserve balances with
Federal Reserve Banks (5) 9,056 9,128 9,943
End-of-month figures
Sept. Oct. Nov.
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 664,726 662,905 674,241
U.S. government
securities (2)
2 Bought outright--System
account (3) 604,191 607,865 608,985
3 Held under repurchase
agreements 0 0 0
Federal agency
obligations
4 Bought outright 10 10 10
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty (4) 21,750 16,500 28,500
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 1 0 2
9 Seasonal credit 176 80 57
10 Special Liquidity
Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float 396 -695 -334
13 Other Federal Reserve
assets 38,202 39,144 37,022
14 Gold stock 11,042 11,042 11,042
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency
outstanding 34,315 34,385 34,441
ABSORBING RESERVE FUNDS
17 Currency in circulation 660,082 663,370 673,822
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 380 397 377
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 7,879 5,878 4,928
21 Foreign 150 89 78
22 Service-related balances
and adjustments 10,170 10,423 10,685
23 Other 221 233 253
24 Other Federal Reserve
liabilities and capital 19,719 19,720 19,616
25 Reserve balances with
Federal Reserve Banks (5) 13,682 10,422 12,166
Average of daily figures for week
ending on date indicated
Factor 2002
Oct. 16 Oct. 23 Oct. 30 Nov. 6
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 661,669 657,682 662,436 660,565
U.S. government
securities (2)
2 Bought outright--System
account (3) 609,633 610,273 608,693 608,652
3 Held under repurchase
agreements 0 0 0 0
Federal agency
obligations
4 Bought outright 10 10 10 10
5 Held under repurchase
agreements 0 0 0 0
6 Repurchase agreements--
triparty (4) 12,536 8,143 14,071 12,036
7 Acceptances 0 0 0 0
Loans to depository
institutions
8 Adjustment credit 5 4 3 355
9 Seasonal credit 124 116 98 67
10 Special Liquidity
Facility credit 0 0 0 0
11 Extended credit 0 0 0 0
12 Float 658 366 211 36
13 Other Federal Reserve
assets 38,703 38,771 39,350 39,408
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 34,343 34,357 34,371 34,385
ABSORBING RESERVE FUNDS
17 Currency in circulation 664,412 662,855 662,102 663,948
18 Reverse repurchase
agreements--triparty (4) 0 0 0 0
19 Treasury cash holdings 384 399 400 395
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 4,327 5,064 4,799 5,338
21 Foreign 77 341 157 116
22 Service-related balances
and adjustments 10,299 10,297 10,183 10,423
23 Other 216 212 205 245
24 Other Federal Reserve
liabilities and capital 19,535 19,391 19,651 19,855
25 Reserve balances with
Federal Reserve Banks (5) 10,005 6,723 12,552 7,870
Wednesday figures
Oct. 16 Oct. 23 Oct. 30 Nov. 6
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 667,216 657,136 669,906 659,359
U.S. government
securities (2)
2 Bought outright--System
account (3) 610,360 610,231 608,665 608,770
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 agreements--
triparty (4) 13,750 7,500 20,500 10,000
7 Acceptances 0 0 0 0
Loans to depository
institutions
8 Adjustment credit 30 4 4 7
9 Seasonal credit 129 103 85 62
10 Special Liquidity
Facility credit 0 0 0 0
11 Extended credit 0 0 0 0
12 Float 4,273 221 1,004 881
13 Other Federal Reserve
assets 38,664 39,067 39,639 39,629
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 34,343 34,357 34,371 34,385
ABSORBING RESERVE FUNDS
17 Currency in circulation 665,022 663,303 664,065 666,239
18 Reverse repurchase
agreements--triparty (4) 0 0 0 0
19 Treasury cash holdings 399 400 397 386
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 4,592 5,713 5,388 4,807
21 Foreign 75 128 238 72
22 Service-related balances
and adjustments 10,299 10,297 10,183 10,423
23 Other 215 205 206 243
24 Other Federal Reserve
liabilities and capital 19,283 19,372 19,581 19,571
25 Reserve balances with
Federal Reserve Banks (5) 14,916 5,316 17,461 5,245
Average of daily figures for
week ending on date indicated
Factor 2002
Nov. 13 Nov. 20 Nov. 27
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 666,349 666,072 669,023
U.S. government
securities (2)
2 Bought outright--System
account (3) 608,480 608,053 609,235
3 Held under repurchase
agreements 0 0 0
Federal agency
obligations
4 Bought outright 10 10 10
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty (4) 16,821 20,929 23,036
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 242 310 3
9 Seasonal credit 66 60 54
10 Special Liquidity
Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float 649 -310 15
13 Other Federal Reserve
assets 40,081 37,020 36,671
14 Gold stock 11,042 11,042 11,042
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency
outstanding 34,399 34,413 34,427
ABSORBING RESERVE FUNDS
17 Currency in circulation 668,072 667,798 669,912
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 386 387 384
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 5,013 4,868 5,016
21 Foreign 77 147 125
22 Service-related balances
and adjustments 10,328 10,460 10,625
23 Other 236 250 180
24 Other Federal Reserve
liabilities and capital 20,012 19,791 19,483
25 Reserve balances with
Federal Reserve Banks (5) 9,867 10,026 10,968
Wednesday figures
Nov. 13 Nov. 20 Nov. 27
SUPPLYING RESERVE FUNDS
1 Reserve Bank credit
outstanding 673,934 662,991 676,116
U.S. government
securities (2)
2 Bought outright--System
account (3) 608,984 606,396 609,614
3 Held under repurchase
agreements 0 0 0
Federal agency
obligations
4 Bought outright 10 10 10
5 Held under repurchase
agreements 0 0 0
6 Repurchase agreements--
triparty (4) 21,000 19,250 29,000
7 Acceptances 0 0 0
Loans to depository
institutions
8 Adjustment credit 2 1 6
9 Seasonal credit 65 56 54
10 Special Liquidity
Facility credit 0 0 0
11 Extended credit 0 0 0
12 Float 3,624 752 599
13 Other Federal Reserve
assets 40,249 36,527 36,833
14 Gold stock 11,042 11,042 11,042
15 Special drawing rights
certificate account 2,200 2,200 2,200
16 Treasury currency
outstanding 34,399 34,413 34,427
ABSORBING RESERVE FUNDS
17 Currency in circulation 669,436 668,854 674,291
18 Reverse repurchase
agreements--triparty (4) 0 0 0
19 Treasury cash holdings 387 386 377
Deposits, other than
reserve balances, with
Federal Reserve Banks
20 Treasury 4,592 4,519 5,082
21 Foreign 76 72 224
22 Service-related balances
and adjustments 10,328 10,460 10,625
23 Other 238 231 184
24 Other Federal Reserve
liabilities and capital 19,693 19,307 19,435
25 Reserve balances with
Federal Reserve Banks (5) 16,825 6,819 13,566
(1.) Amounts of cash held as reserves are shown in table 1.12, line 2.
(2.) Includes securities loaned--fully guaranteed by U.S. government
securities pledged with Federal Reserve Banks--and excludes securities
sold and scheduled to be bought back under matched sale-purchase
transactions.
(3.) Includes compensation that adjusts for the effects of inflation on
the principal of inflation-indexed securities.
(4.) Cash value of agreements arranged through third-party custodial
banks. These agreements are collateralized by U.S. government and
federal agency securities.
(5.) Excludes required clearing balances and adjustments to compensate
for float.
1.12 RESERVES AND BORROWINGS Depository Institutions (1)
Millions of dollars
Prorated monthly averages of
biweekly averages
Reserve classification 1999 2000 2001
Dec. Dec. Dec.
1 Reserve balances with
Reserve Banks (2) 5,262 7,022 9,053 (r)
2 Total vault cash (3) 60,620 45,245 43,919 (r)
3 Applied vault cash (4) 36,392 31,451 32,024
4 Surplus vault cash (5) 24,228 13,794 11,895 (r)
5 Total reserves (6) 41,654 38,473 41,077
6 Required reserves 40,357 37,046 39,428 (r)
7 Excess reserve balances
at Reserve Banks (7) 1,297 1,427 1,649 (r)
8 Total borrowing at Reserve
Banks 320 210 67
9 Adjustments 179 99 34
10 Seasonal 67 111 33
11 Special Liquidity
Facility (8) 74 0 ...
12 Extended credit (9) 0 0 0
Prorated monthly averages of
biweekly averages
Reserve classification 2002
June July Aug.
May (r) (r) (r) (r)
1 Reserve balances with
Reserve Banks (2) 9,188 7,923 8,099 8,520
2 Total vault cash (3) 41,819 41,655 42,718 42,892
3 Applied vault cash (4) 31,104 30,694 31,313 31,335
4 Surplus vault cash (5) 10,716 10,961 11,406 11,557
5 Total reserves (6) 40,292 38,617 39,412 39,854
6 Required reserves 39,030 37,378 38,038 38,217
7 Excess reserve balances
at Reserve Banks (7) 1,261 1,238 1,374 1,637
8 Total borrowing at Reserve
Banks 112 142 191 333
9 Adjustments 7 6 16 148
10 Seasonal 105 136 176 185
11 Special Liquidity
Facility (8) ... ... ... ...
12 Extended credit (9) 0 0 0 0
Biweekly
averages
of daily
figures
for two-
week
periods
Prorated monthly ending
averages of on dates
biweekly averages indicated
Reserve classification 2002
Sept. Oct. Nov. Aug.
(r) (r) 7 (r)
1 Reserve balances with
Reserve Banks (2) 8,731 8,836 9,696 8,022
2 Total vault cash (3) 42,231 42,933 42,143 43,479
3 Applied vault cash (4) 30,176 29,849 29,446 32,212
4 Surplus vault cash (5) 12,055 13,084 12,697 11,267
5 Total reserves (6) 38,907 38,685 39,142 40,233
6 Required reserves 37,431 37,134 37,525 38,917
7 Excess reserve balances
at Reserve Banks (7) 1,476 1,550 1,616 1,316
8 Total borrowing at Reserve
Banks 229 143 272 194
9 Adjustments 60 23 211 14
10 Seasonal 169 120 60 180
11 Special Liquidity
Facility (8) ... ... ... ...
12 Extended credit (9) 0 0 0 0
Biweekly averages of daily figures
for two-week periods ending
on dates indicated
Reserve classification 2002
Aug. 21 Sept. 4 (r) Sept. 18 (r)
1 Reserve balances with
Reserve Banks (2) 7,694 (r) 10,024 7,666
2 Total vault cash (3) 43,499 (r) 41,632 41,581
3 Applied vault cash (4) 31,351 30,698 28,528
4 Surplus vault cash (5) 12,148 (r) 10,935 13,053
5 Total reserves (6) 39,045 (r) 40,722 36,194
6 Required reserves 37,712 38,436 35,225
7 Excess reserve balances
at Reserve Banks (7) 1,333 (r) 2,286 969
8 Total borrowing at Reserve
Banks 195 626 167
9 Adjustments 9 438 4
10 Seasonal 186 188 163
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
Reserve classification 2002
Oct.2 (r) Oct. 16 Oct. 30 (r)
1 Reserve balances with
Reserve Banks (2) 9,543 7,935 9,634
2 Total vault cash (3) 43,190 43,452 (r) 42,464
3 Applied vault cash (4) 31,925 28,939 (r) 30,573
4 Surplus vault cash (5) 11,265 14,513 (r) 11,891
5 Total reserves (6) 41,468 36,874 (r) 40,207
6 Required reserves 39,670 35,337 38,688
7 Excess reserve balances
at Reserve Banks (7) 1,797 1,537 1,519
8 Total borrowing at Reserve
Banks 170 155 111
9 Adjustments 1 25 4
10 Seasonal 170 130 107
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
Reserve classification 2002
Nov. 13 (r) Nov. 27 Dec. 11
1 Reserve balances with
Reserve Banks (2) 8,864 10,497 9,562
2 Total vault cash (3) 41,719 42,604 41,826
3 Applied vault cash (4) 28,302 30,514 29,423
4 Surplus vault cash (5) 13,417 12,091 12,403
5 Total reserves (6) 37,166 41,010 38,985
6 Required reserves 35,492 39,441 37,398
7 Excess reserve balances
at Reserve Banks (7) 1,674 1,569 1,586
8 Total borrowing at Reserve
Banks 366 214 133
9 Adjustments 299 157 83
10 Seasonal 67 57 0
11 Special Liquidity
Facility (8) ... ... ...
12 Extended credit (9) 0 0 0
(1.) Data in this table also appear in the Board's H.3 (502) weekly
statistical release. For ordering address, see inside front cover. Data
are not break-adjusted or seasonally adjusted.
(2.) Excludes required clearing balances and adjustments to compensate
for float and includes other off-balance-sheet "as-of" adjustments.
(3.) Vault cash eligible to satisfy reserve requirements. It includes
only vault cash held by those banks and thrift institutions that are
not exempt from reserve requirements. Data 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 Banks (line 1) plus applied vault
cash (line 3).
(7.) Total reserves (line 5) less required reserves (line 6).
(8.) Borrowing at the discount window under the terms and conditions
established for the Century Date Change Special Liquidity Facility in
effect from October 1, 1999, through April 7, 2000.
(9.) Consists of borrowing at the discount window under the terms and
conditions established for the extended credit program to help
depository institutions deal with sustained liquidity pressures.
Because there is not the same need to repay such borrowing promptly as
with traditional short-term adjustment credit, the money market effect
of extended credit is similar to that of nonborrowed reserves.
Policy Instruments
1.14 FEDERAL RESERVE BANK INTEREST RATES
Percent per year
Current and previous levels
Primary credit (1)
Federal Reserve On Effective Previous
Bank 1/10/03 date rate
Boston 2.25 1/9/03 n/a
New York 2.25 1/9/03 n/a
Philadelphia 2.25 1/9/03 n/a
Cleveland 2.25 1/9/03 n/a
Richmond 2.25 1/9/03 n/a
Atlanta 2.25 1/9/03 n/a
Chicago 2.25 1/9/03 n/a
St. Louis 2.25 1/9/03 n/a
Minneapolis 2.25 1/9/03 n/a
Kansas City 2.25 1/9/03 n/a
Dallas 2.25 1/9/03 n/a
San Francisco 2.25 1/9/03 n/a
Current and previous levels
Secondary credit (2)
Federal Reserve On Effective Previous
Bank 1/10/03 date rate
Boston 2.75 1/9/03 n/a
New York 2.75 1/9/03 n/a
Philadelphia 2.75 1/9/03 n/a
Cleveland 2.75 1/9/03 n/a
Richmond 2.75 1/9/03 n/a
Atlanta 2.75 1/9/03 n/a
Chicago 2.75 1/9/03 n/a
St. Louis 2.75 1/9/03 n/a
Minneapolis 2.75 1/9/03 n/a
Kansas City 2.75 1/9/03 n/a
Dallas 2.75 1/9/03 n/a
San Francisco 2.75 1/9/03 n/a
Current and previous levels
Seasonal credit (3)
Federal Reserve On Effective Previous
Bank 1/10/03 date rate
Boston 1.25 1/9/03 1.30
New York 1.25 1/9/03 1.30
Philadelphia 1.25 1/9/03 1.30
Cleveland 1.25 1/9/03 1.30
Richmond 1.25 1/9/03 1.30
Atlanta 1.25 1/9/03 1.30
Chicago 1.25 1/9/03 1.30
St. Louis 1.25 1/9/03 1.30
Minneapolis 1.25 1/9/03 1.30
Kansas City 1.25 1/9/03 1.30
Dallas 1.25 1/9/03 1.30
San Francisco 1.25 1/9/03 1.30
Range of rates for
primary credit
Rates (or F.R. Bank
level)--All of
Effective date F.R. Banks N.Y.
In effect Jan, 9, 2003 2.25 2.25
(beginning of program)
Range (or F.R. Bank
Effective date level)--All of
F.R. Banks N.Y.
In effect Dec. 31, 1995 5.25 5.25
1996--Jan. 31 5.00-5.25 5.00
Feb. 3 5.00 5.00
1998--Oct. 15 4.75-5.00 4.75
16 4.75 4.75
Nov. 17 4.50-4.75 4.50
19 4.50 4.50
1999--Aug. 24 4.50-4.75 4.75
26 4.75 4.75
Nov. 16 4.75-5.00 4.75
18 5.00 5.00
2000--Feb. 2 5.00-5.25 5.25
4 5.25 5.25
Mar. 21 5.25-5.50 5.50
23 5.50 5.50
May 16 5.50-6.00 5.50
19 6.00 6.00
2001--Jan. 3 5.75-6.00 5.75
4 5.50-5.75 5.50
5 5.50 5.50
31 5.00-5.50 5.00
Feb. 1 5.00 5.00
Mar. 20 4.50-5.00 4.50
21 4.50 4.50
Apr. 18 4.00-4.50 4.00
20 4.00 4.00
2001--May 15 3.50-4.00 3.50
17 3.50 3.50
2001--June 27 3.25-3.50 3.25
29 3.25 3.25
Aug. 21 3.00-3.25 3.00
23 3.00 3.00
Sept. 17 2.50-3.00 2.50
18 2.50 2.50
Oct. 2 2.00-2.50 2.00
4 2.00 2.00
Nov. 6 1.50-2.00 1.50
8 1.50 1.50
Dec. 11 1.25-1.50 1.25
13 1.25 1.25
2002--Nov. 6 0.75-1.25 0.75
7 0.75 0.75
In effect Jan. 8, 2003 0.75 0.75
(end of program)
(1.) Available for very short terms as a backup source
of liquidity to depository institutions that are in
generally sound financial condition in the judgment of
the lending Federal Reserve Bank.
(2.) Available in appropriate circumstances to depository
institutions that do not qualify for primary credit.
(3.) Available to help relatively small depository
institutions meet regular seasonal needs for funds that
arise from a clear pattern of intrayearly movements in
their deposits and loans and that cannot be met through
special industry lenders. The discount rate on seasonal
credit takes into account rates charged by market sources
of funds and ordinarily is reestablished on the first
business day of each two-week reserve maintenance period.
(4.) Was available until January 8, 2003, to help depository
institutions meet temporary needs for funds that could not
be met through reasonable alternative sources. For earlier data,
see the following publications of the Board of Governors:
Banking and Monetary Statistics, 1914-1941, and 1941-1970,
and the Statistical Digest, 1970-1979, 1980-1989, and 1990-1995.
See also the Board's Statistics: Releases and Historical Data web
pages (http://www.federalreserve.gov/releases/H15/data.htm).
1.15 RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS (1)
Requirement
Percentage
Type of deposit of deposits Effective date
Net transaction accounts (2)
1 $0 million=$42.1 million (3) 3 12/26/02
2 More than $42.1 million (4) 10 12/26/02
3 Nonpersonal time deposits (5) 0 12/27/90
4 Eurocurrency liabilities (6) 0 12/27/90
(1.) Required reserves must be held in the form of deposits with
Federal Reserve Banks or vault cash. Nonmember institutions may
maintain reserve balances with a Federal Reserve Bank indirectly,
on a pass-through basis, with certain approved institutions. For
previous reserve requirements, see earlier editions of the Annual
Report or the Federal Reserve Bulletin. Under the Monetary
Control Act of 1980, depository institutions include commercial
banks, savings banks, savings and loan associations, credit
unions, agencies and branches of foreign banks, and Edge Act
corporations.
(2.) Transaction accounts include all deposits against which the
account holder is permitted to make withdrawals by negotiable or
transferable instruments, payment orders of withdrawal, or
telephone or preauthorized transfers for the purpose of making
payments to third persons or others, However, accounts subject
to the rules that permit no more than six preauthorized,
automatic, or other transfers per month (of which no more than
three may be by check, draft, debit card, or similar order
payable directly to third parties) are savings deposits, not
transaction accounts.
(3.) The Monetary Control Act of 1980 requires that the amount
of transaction accounts against which the 3 percent reserve
requirement applies be modified annually by 80 percent of the
percentage change in transaction accounts held by all depository
institutions, determined as of June 30 of each year. Effective
with the reserve maintenance period of beginning December 26,
2002 for depository institutions that report weekly, and with
the period beginning January 16, 2003, for institutions that
report quarterly, the amount was increased from $41.3 million
to $42.1 million.
Under the Garn--St Germain Depository Institutions Act of 1982,
the Board adjusts the amount of reservable liabilities subject
to a zero percent reserve requirement each year for the succeeding
calendar year by 80 percent of the percentage increase in the
total reservable liabilities of all depository institutions,
measured on an annual basis as of June 30. No corresponding
adjustment is made in the event of a decrease. The exemption
applies only to accounts that would be subject to a 3 percent
reserve requirement. Effective with the reserve maintenance period
beginning December 26, 2002, for depository institutions that report
weekly, and with the period beginning January 16, 2003, for
institutions that report quarterly, the exemption was raised from
$5.7 million to $6.0 million.
(4.) The reserve requirement was reduced from 12 percent to
10 percent on April 2, 1992, for institutions that report weekly,
and on April 16, 1992, for institutions that report quarterly.
(5.) For institutions that report weekly, the reserve requirement
on nonpersonal time deposits with an original maturity of less
than 1.5 years was reduced from 3 percent to 1.5 percent for
the maintenance period that began December 13, 1990, and to zero
for the maintenance period that began December 27, 1990. For
institutions that report quarterly, the reserve requirement on
nonpersonal time deposits with an original maturity of less than
1.5 years was reduced from 3 percent to zero on January 17, 1991.
The reserve requirement on nonpersonal time deposits with an
original maturity of 1.5 years or more has been zero since
October 6, 1983.
(6.) The reserve requirement on eurocurrency liabilities was
reduced from 3 percent to zero in the same manner and on the same
dates as the reserve requirement on nonpersonal time deposits
with an original maturity of less than 1.5 years (see note 5).
1.17 FEDERAL RESERVE OPEN MARKET TRANSACTIONS (1)
Millions of dollars
Type of transaction
and maturity 1999 2000 2001
U.S. TREASURY
SECURITIES (2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 0 8,676 15,503
2 Gross sales 0 0 0
3 Exchanges 464,218 477,904 542,736
4 For new bills 464,218 477,904 542,736
5 Redemptions 0 24,522 10,095
Others within one year
6 Gross purchases 11,895 8,809 15,663
7 Gross sales 0 0 0
8 Maturity shifts 50,590 62,025 70,336
9 Exchanges -53,315 -54,656 -72,004
10 Redemptions 1,429 3,779 16,802
One to five years
11 Gross purchases 19,731 14,482 22,814
12 Gross sales 0 0 0
13 Maturity shifts -44,032 -52,068 -45,211
14 Exchanges 42,604 46,177 64,519
Five to ten years
15 Gross purchases 4,303 5,871 6,003
16 Gross sales 0 0 0
17 Maturity shifts -5,841 -6,801 -21,063
18 Exchanges 7,578 6,585 6,063
More than ten years
19 Gross purchases 9,428 5,833 8,531
20 Gross sales 0 0 0
21 Maturity shifts -717 -3,155 -4,062
22 Exchanges 3,133 1,894 1,423
All maturities
23 Gross purchases 45,357 43,670 68,513
24 Gross sales 0 0 0
25 Redemptions 1,429 28,301 26,897
Matched transactions
26 Gross purchases 4,413,430 4,415,905 4,722,667
27 Gross sales 4,431,685 4,397,835 4,724,743
Repurchase agreements
28 Gross purchases 281,599 0 0
29 Gross sales 301,273 0 0
30 Net change in U.S.
Treasury securities 5,999 33,439 39,540
FEDERAL AGENCY OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0
32 Gross sales 0 0 0
33 Redemptions 157 51 120
Repurchase agreements
34 Gross purchases 360,069 0 0
35 Gross sales 370,772 0 0
36 Net change in federal
agency obligations -10,859 -51 -120
Reverse repurchase
agreements
37 Gross purchases 0 0 0
38 Gross sales 0 0 0
Repurchase agreements
39 Gross purchases 304,989 890,236 1,497,713
40 Gross sales 164,349 987,501 1,490,838
41 Net change in triparty
obligations 140,640 -97,265 6,875
42 Total net change in System
Open Market Account 135,780 -63,877 46,295
2002
Type of transaction
and maturity Apr. May June
U.S. TREASURY
SECURITIES (2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 1,047 3,524 3,656
2 Gross sales 0 0 0
3 Exchanges 45,376 70,978 53,015
4 For new bills 45,376 70,978 53,015
5 Redemptions 0 0 0
Others within one year
6 Gross purchases 2,709 2,826 0
7 Gross sales 0 0 0
8 Maturity shifts 14,515 6,714 0
9 Exchanges -15,522 -9,031 0
10 Redemptions 0 0 0
One to five years
11 Gross purchases 1,142 1,439 0
12 Gross sales 0 0 0
13 Maturity shifts -14,515 -1,620 0
14 Exchanges 15,522 8,639 0
Five to ten years
15 Gross purchases 1,670 259 542
16 Gross sales 0 0 0
17 Maturity shifts 0 -5,094 0
18 Exchanges 0 391 0
More than ten years
19 Gross purchases 210 0 0
20 Gross sales 0 0 0
21 Maturity shifts 0 0 0
22 Exchanges 0 0 0
All maturities
23 Gross purchases 6,777 8,048 4,198
24 Gross sales 0 0 0
25 Redemptions 0 0 0
Matched transactions
26 Gross purchases 436,936 466,807 447,555
27 Gross sales 437,881 469,046 448,350
Repurchase agreements
28 Gross purchases 0 0 0
29 Gross sales 0 0 0
30 Net change in U.S.
Treasury securities 5,833 5,810 3,423
FEDERAL AGENCY OBLIGATIONS
Outright transactions
31 Gross purchases 0 0 0
32 Gross sales 0 0 0
33 Redemptions 0 0 0
Repurchase agreements
34 Gross purchases 0 0 0
35 Gross sales 0 0 0
36 Net change in federal
agency obligations 0 0 0
Reverse repurchase
agreements
37 Gross purchases 0 0 0
38 Gross sales 0 0 0
Repurchase agreements
39 Gross purchases 102,200 106,426 98,850
40 Gross sales 100,200 109,926 94,850
41 Net change in triparty
obligations 2,000 -3,500 4,000
42 Total net change in System
Open Market Account 7,833 2,310 7,423
2002
Type of transaction
and maturity July Aug.
U.S. TREASURY
SECURITIES (2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 4,838 529
2 Gross sales 0 0
3 Exchanges 45,828 63,083
4 For new bills 45,828 63,083
5 Redemptions 0 0
Others within one year
6 Gross purchases 1,104 445
7 Gross sales 0 0
8 Maturity shifts 11,052 8,987
9 Exchanges -14,183 -5,040
10 Redemptions 0 0
One to five years
11 Gross purchases 1,755 1,921
12 Gross sales 0 0
13 Maturity shifts -11,052 -629
14 Exchanges 13,283 3,396
Five to ten years
15 Gross purchases 577 690
16 Gross sales 0 0
17 Maturity shifts 0 -6,714
18 Exchanges 900 1,645
More than ten years
19 Gross purchases 63 80
20 Gross sales 0 0
21 Maturity shifts 0 -1,645
22 Exchanges 0 0
All maturities
23 Gross purchases 8,336 3,665
24 Gross sales 0 0
25 Redemptions 0 0
Matched transactions
26 Gross purchases 513,400 495,729
27 Gross sales 511,902 497,031
Repurchase agreements
28 Gross purchases 0 0
29 Gross sales 0 0
30 Net change in U.S.
Treasury securities 9,834 2,363
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 68,750 84,000
40 Gross sales 81,250 80,500
41 Net change in triparty
obligations -12,500 3,500
42 Total net change in System
Open Market Account -2,666 5,863
2002
Type of transaction
and maturity Sept. Oct.
U.S. TREASURY
SECURITIES (2)
Outright transactions
(excluding matched
transactions)
Treasury bills
1 Gross purchases 750 0
2 Gross sales 0 0
3 Exchanges 53,314 62,947
4 For new bills 53,314 62,947
5 Redemptions 0 0
Others within one year
6 Gross purchases 1,286 0
7 Gross sales 0 0
8 Maturity shifts 11,174 6,143
9 Exchanges -15,189 -5,435
10 Redemptions 0 0
One to five years
11 Gross purchases 0 0
12 Gross sales 0 0
13 Maturity shifts -11,174 -6,143
14 Exchanges 15,189 5,435
Five to ten years
15 Gross purchases 51 0
16 Gross sales 0 0
17 Maturity shifts 0 0
18 Exchanges 0 0
More than ten years
19 Gross purchases 0 0
20 Gross sales 0 0
21 Maturity shifts 0 0
22 Exchanges 0 0
All maturities
23 Gross purchases 2,087 0
24 Gross sales 0 0
25 Redemptions 0 0
Matched transactions
26 Gross purchases 449,250 429,029
27 Gross sales 449,986 425,399
Repurchase agreements
28 Gross purchases 0 0
29 Gross sales 0 0
30 Net change in U.S.
Treasury securities 1,351 3,630
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 93,500 72,000
40 Gross sales 94,750 77,250
41 Net change in triparty
obligations -1,250 -5,250
42 Total net change in System
Open Market Account 101 -1,620
(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
Oct. 30 Nov. 6 Nov. 13 Nov. 20
Consolidated condition statement
ASSETS
1 Gold certificate account 11,038 11,038 11,038 11,038
2 Special drawing fights
certificate account 2,200 2,200 2,200 2,200
3 Coin 1,079 1,079 1,080 1,076
Loans
4 To depository institutions 88 69 67 57
5 Other 0 0 0 0
6 Acceptances held under
repurchase agreements 0 0 0 0
Triparty obligations
7 Repurchase agreements--
triparty (2) 20,500 10,000 21,000 19,250
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) 608,665 608,770 608,984 606,396
11 Bought outright (4) 608,665 608,770 608,984 606,396
12 Bills 206,641 206,739 206,949 204,355
13 Notes 295,907 295,911 295,914 297,336
14 Bonds 106,117 106,120 106,122 104,705
15 Held under repurchase
agreements 0 0 0 0
16 Total loans and securities 629,263 618,848 630,061 625,712
17 Items in process of
collection 9,359 9,285 15,581 8,236
18 Bank premises 1,528 1,529 1,530 1,533
Other assets
19 Denominated in foreign
currencies (5) 16,043 16,210 16,413 16,244
20 All other (6) 22,038 21,908 22,323 18,750
21 Total assets 692,547 682,097 700,227 684,788
LIABILITIES
22 Federal Reserve notes 631,165 633,315 636,501 635,898
23 Reverse repurchase
agreements--triparty (2) 0 0 0 0
24 Total deposits 34,453 20,791 32,151 21,764
25 Depository institutions 28,620 15,669 27,245 16,943
26 U.S. Treasury--General
account 5,388 4,807 4,592 4,519
27 Foreign--Official accounts 238 72 76 72
28 Other 206 243 238 231
29 Deferred credit items 7,347 8,420 11,882 7,820
30 Other liabilities and
accrued dividends (7) 2,452 2,439 2,469 2,421
31 Total liabilities 675,418 664,965 683,003 667,903
CAPITAL ACCOUNTS
32 Capital paid in 8,271 8,280 8,285 8,304
33 Surplus 7,312 7,312 7,312 7,312
34 Other capital accounts 1,546 1,540 1,627 1,270
35 Total liabilities and
capital accounts 692,547 682,097 700,227 684,788
MEMO
36 Marketable U.S. government
and federal agency
securities held in custody
for foreign official and
international accounts 806,831 807,595 809,887 822,919
Federal Reserve note statement
37 Federal Reserve notes
outstanding (issued to
Banks) 751,565 753,486 755,063 757,439
38 LESS: Held by Federal
Reserve Banks 120,400 120,171 118,562 121,541
39 Federal Reserve notes, net 631,165 633,315 636,501 635,898
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 1,297 0 0
43 U.S. Treasury and agency
securities 617,927 618,780 623,262 622,660
44 Total collateral 631,165 653,315 636,501 635,898
Wed-
nesday End of month
Account 2002 2002
Nov. 27 Sept. Oct. Nov.
Consolidated condition statement
ASSETS
1 Gold certificate account 11,038 11,038 11,038 11,038
2 Special drawing fights
certificate account 2,200 2,200 2,200 2,200
3 Coin 1,049 1,085 1,091 1,051
Loans
4 To depository institutions 60 177 80 59
5 Other 0 0 0 0
6 Acceptances held under
repurchase agreements 0 0 0 0
Triparty obligations
7 Repurchase agreements--
triparty (2) 29,000 21,750 16,500 28,500
Federal agency
obligations (3)
8 Bought outright 10 10 10 10
9 Held under repurchase
agreements 0 0 0 0
10 Total U.S. Treasury
securities (3) 609,614 604,191 607,865 608,985
11 Bought outright (4) 609,614 604,191 607,865 608,985
12 Bills 207,568 202,210 205,840 206,937
13 Notes 297,339 295,882 295,908 297,340
14 Bonds 104,707 106,099 106,117 104,708
15 Held under repurchase
agreements 0 0 0 0
16 Total loans and securities 638,684 626,129 624,456 637,554
17 Items in process of
collection 8,118 2,116 6,256 5,147
18 Bank premises 1,530 1,519 1,527 1,529
Other assets
19 Denominated in foreign
currencies (5) 16,160 16,130 16,091 16,161
20 All other (6) 19,162 20,597 21,553 19,340
21 Total assets 697,941 680,813 684,212 694,021
LIABILITIES
22 Federal Reserve notes 641,286 627,228 630,469 640,806
23 Reverse repurchase
agreements--triparty (2) 0 0 0 0
24 Total deposits 29,463 31,418 27,077 28,336
25 Depository institutions 23,972 23,168 20,878 22,978
26 U.S. Treasury--General
account 5,082 7,879 5,878 4,928
27 Foreign--Official accounts 224 150 89 78
28 Other 184 221 233 253
29 Deferred credit items 7,757 2,448 6,946 5,364
30 Other liabilities and
accrued dividends (7) 2,427 2,422 2,479 2,443
31 Total liabilities 680,933 663,516 666,971 676,848
CAPITAL ACCOUNTS
32 Capital paid in 8,349 8,264 8,278 8,349
33 Surplus 7,312 7,312 7,312 7,312
34 Other capital accounts 1,348 1,722 1,652 1,513
35 Total liabilities and
capital accounts 697,941 680,813 684,212 694,021
MEMO
36 Marketable U.S. government
and federal agency
securities held in custody
for foreign official and
international accounts 831,289 813,094 812,239 832,089
Federal Reserve note statement
37 Federal Reserve notes
outstanding (issued to
Banks) 757,885 751,190 752,063 757,793
38 LESS: Held by Federal
Reserve Banks 116,599 123,962 121,595 116,988
39 Federal Reserve notes, net 641,286 627,228 630,469 640,806
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 628,048 613,990 617,231 627,567
44 Total collateral 641,286 627,228 630,469 640,806
(1.) Some of the data in this table also appear in the Board's H.4.1
(503) weekly statistical release. For ordering address, see inside
front cover.
(2.) Cash value of agreements arranged through third-party custodial
banks.
(3.) Face value of the securities.
(4.) Includes securities loaned--fully guaranteed by U.S. Treasury
securities pledged with Federal Reserve Banks--and includes
compensation that adjusts for the effects of inflation on the principal
of inflation-indexed securities. Excludes securities sold and scheduled
to be bought back under matched sale-purchase transactions.
(5.) Valued monthly at market exchange rates.
(6.) Includes special investment account at the Federal Reserve Bank of
Chicago in Treasury bills maturing within ninety days.
(7.) Includes exchange-translation account reflecting the monthly
revaluation at market exchange rates of foreign exchange commitments.
Federal Reserve Banks
1.19 FEDERAL RESERVE BANKS Maturity Distribution of Loan and Security
Holding
Millions of dollars
Wednesday
Type of holding and
maturity 2002
Oct. 30 Nov. 6 Nov. 13 Nov. 20
1 Total loans 88 69 67 57
2 Within fifteen days (1) 82 30 26 45
3 Sixteen days to ninety days 6 38 41 12
4 91 days to 1 year 0 0 0 0
5 Total U.S. Treasury
securities (2) 608,665 608,770 608,984 606,396
6 Within fifteen days (1) 24,792 19,889 14,823 22,429
7 Sixteen days to ninety days 129,673 136,133 141,857 135,186
8 Ninety-one days to one year 144,114 143,363 143,437 142,178
9 One year to five years 176,890 176,183 176,183 173,804
10 Five years to ten years 51,458 51,461 50,940 52,972
11 More than ten years 81,739 81,741 81,743 79,827
12 Total federal agency
obligations 10 10 10 10
13 Within fifteen days (1) 0 0 0 0
14 Sixteen days to ninety days 0 0 0 0
15 Ninety-one days to one year 0 0 0 0
16 One year to five years 10 10 10 10
17 Five years to ten years 0 0 0 0
18 More than ten years 0 0 0 0
Wed- End of month
nesday
Type of holding and
maturity 2002 2002
Nov. 27 Sept. Oct. Nov.
1 Total loans 60 177 80 59
2 Within fifteen days (1) 56 131 62 44
3 Sixteen days to ninety days 4 47 18 15
4 91 days to 1 year 0 0 0 0
5 Total U.S. Treasury
securities (2) 609,614 604,191 607,865 608,985
6 Within fifteen days (1) 25,646 13,316 6,607 12,306
7 Sixteen days to ninety days 135,245 128,403 129,715 147,874
8 Ninety-one days to one year 142,115 152,429 162,163 142,194
9 One year to five years 173,805 176,885 176,182 173,805
10 Five years to ten years 52,974 51,438 51,458 52,975
11 More than ten years 79,829 81,721 81,739 79,830
12 Total federal agency
obligations 10 10 10 10
13 Within fifteen days (1) 0 0 0 0
14 Sixteen days to ninety days 0 0 0 0
15 Ninety-one days to one year 0 0 0 0
16 One year to five years 10 10 10 10
17 Five years to ten years 0 0 0 0
18 More than ten years 0 0 0 0
(1.) Holdings under repurchase agreements are classified as maturing
within fifteen days in accordance with maximum maturity of the
agreements.
(2.) Includes compensation that adjusts for the effects of inflation on
the principal of inflation-indexed securities.
1.20 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY
BASE (1)
Billions of dollars, averages of daily figures
1998 1999 2000 2001
Item Dec. Dec. Dec. Dec.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (2)
1 Total reserves (3) 45.14 41.82 38.54 41.22
2 Nonborrowed reserves (4) 45.02 41.50 38.33 41.15
3 Nonborrowed reserves
plus extended credit
(5) 45.02 41.50 38.33 41.15
4 Required reserves 43.62 40.53 37.11 39.57 (r)
5 Monetary base (6) 513.55 593.12 584.04 634.41
Not seasonally adjusted
6 Total reserves (7) 45.31 41.89 38.53 41.20
7 Nonborrowed reserves 45.19 41.57 38.32 41.13
8 Nonborrowed reserves
plus extended credit
(5) 45.19 41.57 38.32 41.13
9 Required reserves (8) 43.80 40.59 37.10 39.55
10 Monetary base (9) 518.27 600.72 590.06 639.91
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (10)
11 Total reserves (11) 45.21 41.65 38.47 41.08
12 Nonborrowed reserves 45.09 41.33 38.26 41.01
13 Nonborrowed reserves
plus extended credit
(5) 45.09 41.33 38.26 41.01
14 Required reserves 43.70 40.36 37.05 39.43
15 Monetary base (12) 525.06 608.02 596.98 648.74
16 Excess reserves (13) 1.51 1.30 1.43 1.65
17 Borrowings from the
Federal Reserve .12 .32 .21 .07
2002
Item Apr. (r) May (r) June (r) July (r)
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (2)
1 Total reserves (3) 40.81 39.16 39.31 39.68
2 Nonborrowed reserves (4) 40.74 39.05 39.17 39.49
3 Nonborrowed reserves
plus extended credit
(5) 40.74 39.05 39.17 39.49
4 Required reserves 39.59 37.90 38.08 38.31
5 Monetary base (6) 653.92 657.89 664.11 668.76
Not seasonally adjusted
6 Total reserves (7) 40.89 40.23 38.54 39.32
7 Nonborrowed reserves 40.82 40.11 38.40 39.13
8 Nonborrowed reserves
plus extended credit
(5) 40.82 40.11 38.40 39.13
9 Required reserves (8) 39.68 38.96 37.30 37.94
10 Monetary base (9) 653.27 657.98 662.87 668.76
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (10)
11 Total reserves (11) 40.94 40.29 38.62 39.41
12 Nonborrowed reserves 40.87 40.18 38.47 39.22
13 Nonborrowed reserves
plus extended credit
(5) 40.87 40.18 38.47 39.22
14 Required reserves 39.73 39.03 37.38 38.04
15 Monetary base (12) 663.35 668.12 673.01 678.98
16 Excess reserves (13) 1.21 1.26 1.24 1.37
17 Borrowings from the
Federal Reserve .07 .11 .14 .19
2002
Item Aug. (r) Sept. (r) Oct. (r) Nov.
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (2)
1 Total reserves (3) 40.05 39.28 38.92 39.56
2 Nonborrowed reserves (4) 39.72 39.05 38.78 39.29
3 Nonborrowed reserves
plus extended credit
(5) 39.72 39.05 38.78 39.29
4 Required reserves 38.42 37.80 37.37 37.95
5 Monetary base (6) 671.14 671.57 673.63 676.24
Not seasonally adjusted
6 Total reserves (7) 39.74 38.78 38.54 38.98
7 Nonborrowed reserves 39.41 38.55 38.40 38.71
8 Nonborrowed reserves
plus extended credit
(5) 39.41 38.55 38.40 38.71
9 Required reserves (8) 38.10 37.31 36.99 37.37
10 Monetary base (9) 669.32 669.72 671.49 676.65
NOT ADJUSTED FOR
CHANGES IN RESERVE
REQUIREMENTS (10)
11 Total reserves (11) 39.85 38.91 38.69 39.14
12 Nonborrowed reserves 39.52 38.68 38.54 38.87
13 Nonborrowed reserves
plus extended credit
(5) 39.52 38.68 38.54 38.87
14 Required reserves 38.22 37.43 37.13 37.53
15 Monetary base (12) 679.55 679.96 681.83 687.21
16 Excess reserves (13) 1.64 1.48 1.55 1.62
17 Borrowings from the
Federal Reserve .33 .23 .14 .27
(1.) Latest monthly and biweekly figures are available from the Board's
H.3 (502) weekly statistical release. Historical data starting in 1959
and estimates of the effect on required reserves of changes in reserve
requirements are available from the Money and Reserves Projections
Section, Division of Monetary Affairs, Board of Governors of the
Federal Reserve System, Washington, DC 20551.
(2.) Figures reflect adjustments for discontinuities, or "breaks,"
associated with regulatory changes in reserve requirements. (See also
table 1.10.)
(3.) Seasonally adjusted, break-adjusted total reserves equal
seasonally adjusted, break-adjusted required reserves (line 4)
plus excess reserves (line 16).
(4.) Seasonally adjusted, break-adjusted nonborrowed reserves equal
seasonally adjusted, break-adjusted total reserves (line 1) less
total borrowings of depository institutions from the Federal
Reserve (line 17).
(5.) Extended credit consists of borrowing at the discount window
under the terms and conditions established for the extended credit
program to help depository institutions deal with sustained liquidity
pressures. Because there is not the same need to repay such borrowing
promptly as with traditional short-term adjustment credit, the money
market effect of extended credit is similar to that of nonborrowed
reserves.
(6.) The seasonally adjusted, break-adjusted monetary base consists of
(1) seasonally adjusted, break-adjusted total reserves (line 1), plus
(2) the seasonally adjusted currency component of the money stock,
plus (3) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly
reporters whose vault cash exceeds their required reserves) the
seasonally adjusted, break-adjusted difference between current vault
cash and the amount applied to satisfy current reserve requirements.
(7.) Break-adjusted total reserves equal break-adjusted required
reserves (line 9) plus excess reserves (line 16).
(8.) To adjust required reserves for discontinuities that are due to
regulatory changes in reserve requirements, a multiplicative procedure
is used to estimate what required reserves would have been in past
periods had current reserve requirements been in effect. Break-adjusted
required reserves include required reserves against transactions
deposits and nonpersonal time and savings deposits (but not reservable
nondeposit liabilities).
(9.) The break-adjusted monetary base equals (1) break-adjusted total
reserves (line 6), plus (2) the (unadjusted) currency component of the
money stock, plus (3) (for all quarterly reporters on the "Report of
Transaction Accounts, Other Deposits and Vault Cash" and for all those
weekly reporters whose vault cash exceeds their required reserves) the
break-adjusted difference between current vault cash and the amount
applied to satisfy current reserve requirements.
(10.) Reflects actual reserve requirements, including those on
nondeposit liabilities, with no adjustments to eliminate the effects
of discontinuities associated with regulatory changes in reserve
requirements.
(11.) Reserve balances with Federal Reserve Banks plus vault cash
used to satisfy reserve requirements.
(12.) The monetary base, not break-adjusted and not seasonally
adjusted, consists of (1) total reserves (line 11), plus (2) required
clearing balances and adjustments to compensate for float at Federal
Reserve Banks, plus (3) the currency component of the money stock,
plus (4) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly
reporters whose vault cash exceeds their required reserves) the
difference between current vault cash and the amount applied to
satisfy current reserve requirements. Since February 1984, currency
and vault cash figures have been measured over the computation
periods ending on Mondays.
(13.) Unadjusted total reserves (line 11) less unadjusted required
reserves (line 14).
Monetary and Credit Aggregates
1.21 MONEY STOCK MEASURES (1)
Billions of dollars, averages of daily figures
2001
1998 1999 2000 Dec.
Item Dec. Dec. Dec. (r)
Seasonally adjusted
Measures (2)
1 M1 1,096.5 1,124.4 1,088.9 1,179.3
2 M2 4,383.9 4,654.2 4,938.6 5,458.6
3 M3 6,037.7 6,539.6 7,109.9 8,027.0
M1 components
4 Currency (3) 459.3 516.9 530.1 579.9
5 Travelers checks (4) 8.2 8.3 8.0 7.8
6 Demand deposits (5) 378.4 354.5 309.9 329.9
7 Other checkable deposits (6) 250.5 244.7 240.9 261.8
Nontransaction components
8 In M2 (7) 3,287.4 3,529.8 3,849.7 4,279.2
9 In M3 only (8) 1,653.8 1,885.4 2,171.3 2,568.4
Commercial banks
10 Savings deposits, including
MMDAs 1,187.5 1,289.1 1,423.7 1,737.9
11 Small time deposits (9) 626.1 635.0 699.1 634.5
12 Large time deposits
(10),(11) 582.8 651.3 717.2 669.6
Thrift institutions
13 Savings deposits, including
MMDAs 414.7 449.7 452.1 570.1
14 Small time deposits (9) 325.6 320.4 344.5 338.8
15 Large time deposits (10) 88.6 91.1 102.9 114.7
Money market mutual funds
16 Retail 733.6 835.7 930.2 997.9
17 Institution-only 540.1 638.6 796.6 1,206.5
Repurchase agreements and
eurodollars
18 Repurchase agreements (12) 293.4 335.9 364.0 375.7
19 Eurodollars (12) 148.8 168.5 190.7 201.9
Not seasonally adjusted
Measures (2)
20 M1 1,120.4 1,148.3 1,112.3 1,203.5
21 M2 4,404.0 4,675.0 4,962.3 5,483.5
22 M3 6,066.5 6,571.1 7,145.0 8,065.2
M1 components
23 Currency (3) 463.3 521.5 535.2 584.9
24 Travelers checks (4) 8.4 8.4 8.1 7.9
25 Demand deposits (5) 395.9 371.8 326.5 347.6
26 Other checkable deposits (6) 252.8 246.6 242.5 263.2
Nontransaction components
27 In M2 (7) 3,283.6 3,526.7 3,849.9 4,280.0
28 In M3 only (8) 1,662.5 1,896.2 2,182.8 2,581.7
Commercial banks
29 Savings deposits, including
MMDAs 1,186.0 1,288.8 1,426.9 1,742.3
30 Small time deposits (9) 626.5 635.7 700.0 635.2
31 Large time deposits
(10),(11) 583.1 651.7 717.6 669.7
Thrift institutions
32 Savings deposits, including
MMDAs 414.2 449.6 453.1 571.5
33 Small time deposits (9) 325.8 320.8 345.0 339.2
34 Large time deposits (10) 88.6 91.2 103.0 114.7
Money market mutual funds
35 Retail 731.1 832.0 925.0 991.8
36 Institution-only 549.5 648.2 805.6 1,217.7
Repurchase agreements and
eurodollars
37 Repurchase agreements (12) 290.4 334.7 364.2 376.5
38 Eurodollars (12) 150.8 170.4 192.4 203.0
2002
Aug. Sept. Oct.
Item (r) (r) (r) Nov.
Seasonally adjusted
Measures (2)
1 M1 1,183.2 1,191.2 1,199.6 1,200.7
2 M2 5,680.3 5,705.4 5,753.8 5,800.7
3 M3 8,291.3 8,326.7 8,348.4 8,485.2
M1 components
4 Currency (3) 617.3 618.0 619.9 622.0
5 Travelers checks (4) 8.4 8.0 7.7 7.5
6 Demand deposits (5) 288.2 292.4 295.8 292.9
7 Other checkable deposits (6) 269.3 272.9 276.2 278.3
Nontransaction components
8 In M2 (7) 4,497.1 4,514.1 4,554.2 4,600.0
9 In M3 only (8) 2,611.0 2,621.3 2,594.6 2,684.5
Commercial banks
10 Savings deposits, including
MMDAs 1,955.1 1,983.6 2,017.0 2,054.9
11 Small time deposits (9) 603.0 596.0 589.9 585.5
12 Large time deposits 706.7 707.1 714.0 701.6
(10),(11)
Thrift institutions
13 Savings deposits, including
MMDAs 664.8 677.1 693.5 703.1
14 Small time deposits (9) 307.2 304.4 302.0 300.4
15 Large time deposits (10) 112.5 113.1 114.1 115.1
Money market mutual funds
16 Retail 967.0 953.1 951.8 956.1
17 Institution-only 1,190.8 1,176.6 1,141.1 1,218.0
Repurchase agreements and
eurodollars
18 Repurchase agreements (12) 398.1 417.7 415.9 436.9
19 Eurodollars (12) 202.9 206.8 209.5 212.9
Not seasonally adjusted
Measures (2)
20 M1 1,178.4 1,182.5 1,193.5 1,201.7
21 M2 5,654.8 5,681.2 5,720.1 5,791.4
22 M3 8,239.5 8,258.6 8,281.3 8,469.4
M1 components
23 Currency (3) 616.3 616.1 617.9 622.8
24 Travelers checks (4) 8.1 7.8 7.7 7.6
25 Demand deposits (5) 287.0 289.3 294.9 296.2
26 Other checkable deposits (6) 267.0 269.3 272.9 275.2
Nontransaction components
27 In M2 (7) 4,476.5 4,498.7 4,526.6 4,589.7
28 In M3 only (8) 2,584.6 2,577.3 2,561.2 2,678.0
Commercial banks
29 Savings deposits, including
MMDAs 1,948.5 1,979.3 2,001.6 2,053.7
30 Small time deposits (9) 602.2 596.5 591.5 587.1
31 Large time deposits
(10),(11) 704.1 704.7 712.8 703.0
Thrift institutions
32 Savings deposits, including
MMDAs 662.6 675.7 688.2 702.6
33 Small time deposits (9) 306.8 304.6 302.8 301.1
34 Large time deposits (10) 112.1 112.7 113.9 115.3
Money market mutual funds
35 Retail 956.3 942.6 942.5 945.2
36 Institution-only 1,170.7 1,144.1 1,119.2 1,211.4
Repurchase agreements and
eurodollars
37 Repurchase agreements (12) 397.4 411.2 408.8 435.9
38 Eurodollars (12) 200.4 204.7 206.4 212.3
NOTES TO TABLE 1.21
(1.) Latest monthly and weekly figures are available from the Board's
H.6 (508) weekly statistical release. Historical data starting in 1959
are available from the Money and Reserves Projections Section, Division
of Monetary Affairs, Board of Governors of the Federal Reserve System,
Washington, DC 20551.
(2.) Composition of the money stock measures is as follows:
M1: (1) currency outside the U.S. Treasury, Federal Reserve Banks, and
the vaults of depository institutions, (2) travelers checks of nonbank
issuers, (3) demand deposits at all commercial banks other than those
owed to depository institutions, the U.S. government, and foreign banks
and official institutions, less cash items in the process of collection
and Federal Reserve float, and (4) other checkable deposits (OCDs),
consisting of negotiable order of withdrawal (NOW) and automatic
transfer service (ATS) accounts at depository institutions, credit
union share draft accounts, and demand deposits at thrift
institutions. Seasonally adjusted M1 is computed by summing currency,
travelers checks, demand deposits, and OCDs, each seasonally adjusted
separately.
M2: M1 plus (1) savings deposits (including MMDAs), (2)
small-denomination time deposits (time deposits--including retail
RPs--in amounts of less than $100,000), and (3) balances in retail
money market mutual funds. Excludes individual retirement accounts
(IRAs) and Keogh balances at depository institutions and money market
funds. Seasonally adjusted M2 is calculated by summing savings
deposits, small-denomination time deposits, and retail money fund
balances, each seasonally adjusted separately, and adding this result to
seasonally adjusted M1.
M3: M2 plus (1) large-denomination time deposits (in amounts of
$100,000 or more) issued by all depository institutions, (2) balances
in institutional money funds, (3) RP liabilities (overnight and term)
issued by all depository institutions, and (4) eurodollars (overnight
and term) held by U.S. residents at foreign branches of U.S. banks
worldwide and at all banking offices in the United Kingdom and Canada.
Excludes amounts held by depository institutions, the U.S. government,
money market funds, and foreign banks and official institutions.
Seasonally adjusted M3 is calculated by summing large time deposits,
institutional money fund balances, RP liabilities, and eurodollars,
each seasonally adjusted separately, and adding this result to
seasonally adjusted M2.
(3.) Currency outside the U.S. Treasury, Federal Reserve Banks, and
vaults of depository institutions.
(4.) Outstanding amount of U.S. dollar-denominated travelers checks
of nonbank issuers. Travelers checks issued by depository institutions
are included in demand deposits.
(5.) Demand deposits at commercial banks and foreign-related
institutions other than those owed to depository institutions, the U.S.
government, and foreign banks and official institutions, less cash
items in the process of collection and Federal Reserve float.
(6.) Consists of NOW and ATS account balances at all depository
institutions, credit union share draft account balances, and demand
deposits at thrift institutions.
(7.) Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances.
(8.) Sum of (1) large time deposits, (2) institutional money fund
balances, (3) RP liabilities (overnight and term) issued by depository
institutions, and (4) eurodollars (overnight and term) of U.S.
addressees.
(9.) Small time deposits--including retail RPs--are those issued in
amounts of less than $100,000. All IRAs and Keogh accounts at
commercial banks and thrift institutions are subtracted from small
time deposits.
(10.) Large time deposits are those issued in amounts of $100,000 or
more, excluding those booked at international banking facilities.
(11.) Large time deposits at commercial banks less those held by money
market funds, depository institutions, the U.S. government, and
foreign banks and official institutions.
(12.) Includes both overnight and term.
Commercial Banking Institutions--Assets and Liabilities
1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities (1)
A. All commercial banks
Billions of dollars
Monthly averages
2001 2002
Nov. May June July
Account (r) (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 5,460.4 5,498.7 5,540.6 5,591.1
2 Securities in bank credit 1,494.9 1,535.5 1,562.5 1,594.4
3 U.S. government
securities 839.9 893.3 908.9 918.3
4 Other securities 655.0 642.2 653.6 676.1
5 Loans and leases in bank
credit (2) 3,965.5 3,963.2 3,978.1 3,996.7
6 Commercial and
industrial 1,040.5 1,001.2 993.6 982.2
7 Real estate 1,772.4 1,816.6 1,838.4 1,869.2
8 Revolving home equity 152.6 179.6 186.1 192.9
9 Other 1,619.8 1,637.0 1,652.4 1,676.3
10 Consumer 558.8 569.9 568.6 564.7
11 Security (3) 154.6 169.1 169.7 177.4
12 Other loans and leases 439.2 406.4 407.7 403.2
13 Interbank loans 286.3 288.4 282.4 288.6
14 Cash assets (4) 297.0 301.5 306.7 309.4
15 Other assets (5) 495.0 482.1 475.6 484.0
16 Total assets (6) 6,467.0 6,494.8 6,529.7 6,597.8
Liabilities
17 Deposits 4,198.1 4,358.7 4,377.4 4,414.0
18 Transaction 635.8 608.8 597.4 612.2
19 Nontransaction 3,562.3 3,749.8 3,780.0 3,801.8
20 Large time 982.2 1,042.5 1,036.1 1,048.1
21 Other 2,580.1 2,707.3 2,743.9 2,753.7
22 Borrowings 1,251.0 1,235.3 1,225.9 1,231.7
23 From banks in the U.S. 401.5 380.8 373.9 386.2
24 From others 849.6 854.5 852.0 845.5
25 Net due to related foreign
offices 169.3 89.0 89.6 99.2
26 Other liabilities 404.8 349.0 386.0 408.0
27 Total liabilities 6,023.3 6,032.0 6,078.8 6,152.9
28 Residual (assets less
liabilities) (7) 443.7 462.8 450.8 444.9
Not seasonally adjusted
Assets
29 Bank credit 5,475.9 5,492.6 5,535.1 5,564.4
30 Securities in bank credit 1,498.6 1,532.8 1,558.3 1,580.2
31 U.S. government
securities 840.6 891.0 906.1 910.0
32 Other securities 658.0 641.7 652.2 670.2
33 Loans and leases in bank
credit (2) 3,977.4 3,959.8 3,976.7 3,984.2
34 Commercial and
industrial 1,042.1 1,004.8 995.8 981.1
35 Real estate 1,776.9 1,819.2 1,839.4 1,868.5
36 Revolving home equity 153.2 179.9 186.3 192.7
37 Other 1,623.7 1,639.3 1,653.1 1,675.8
38 Consumer 561.3 568.1 564.5 558.8
39 Credit cards and
related plans 225.4 222.9 221.0 215.3
40 Other 335.9 345.3 343.4 343.5
41 Security (3) 157.9 162.6 168.7 172.8
42 Other loans and leases 439.3 405.1 408.3 402.9
43 Interbank loans 289.9 285.0 284.5 282.8
44 Cash assets (4) 306.2 298.8 299.0 300.2
45 Other assets (5) 496.2 481.8 473.9 482.8
46 Total assets (6) 6,496.4 6,482.2 6,516.8 6,555.0
Liabilities
47 Deposits 4,217.3 4,351.6 4,365.2 4,384.9
48 Transaction 641.8 600.8 594.4 604.7
49 Nontransaction 3,575.4 3,750.8 3,770.8 3,780.1
50 Large time 989.0 1,046.1 1,033.8 1,037.1
51 Other 2,586.5 2,704.7 2,737.0 2,743.0
52 Borrowings 1,254.1 1,241.7 1,225.0 1,221.7
53 From banks in the U.S. 398.9 382.1 371.4 382.2
54 From others 855.4 859.7 853.6 839.6
55 Net due to related foreign
offices 172.6 88.6 85.7 90.0
56 Other liabilities 410.5 348.5 383.0 399.1
57 Total liabilities 6,054.5 6,030.4 6,058.9 6,095.7
58 Residual (assets less
liabilities) (7) 441.9 451.7 457.9 459.3
Monthly averages
2002
Aug. Sept. Oct.
Account (r) (r) (r) Nov.
Seasonally adjusted
Assets
1 Bank credit 5,672.8 5,729.0 5,753.4 5,836.4
2 Securities in bank credit 1,632.7 1,642.3 1,637.6 1,687.2
3 U.S. government
securities 945.7 961.9 968.7 1,000.2
4 Other securities 687.0 680.4 668.9 686.9
5 Loans and leases in bank
credit (2) 4,040.1 4,086.7 4,115.8 4,149.2
6 Commercial and
industrial 982.3 975.7 970.3 967.7
7 Real estate 1,900.7 1,935.0 1,967.3 1,999.9
8 Revolving home equity 197.7 201.0 205.0 207.8
9 Other 1,703.0 1,734.0 1,762.3 1,792.1
10 Consumer 574.8 582.8 584.8 585.7
11 Security (3) 176.0 180.7 182.1 186.1
12 Other loans and leases 406.3 412.5 411.2 409.8
13 Interbank loans 305.6 318.4 327.3 328.2
14 Cash assets (4) 318.1 317.2 318.6 315.1
15 Other assets (5) 499.5 498.4 510.7 518.7
16 Total assets (6) 6,720.9 6,788.0 6,834.6 6,922.6
Liabilities
17 Deposits 4,460.5 4,473.4 4,482.5 4,500.0
18 Transaction 599.1 584.0 611.4 606.2
19 Nontransaction 3,861.4 3,889.4 3,871.0 3893.8
20 Large time 1,049.2 1,044.3 1,026.4 1,004.5
21 Other 2,812.2 2,845.1 2,844.6 2,889.4
22 Borrowings 1,292.7 1,321.5 1,328.2 1,364.0
23 From banks in the U.S. 405.1 416.5 415.5 421.3
24 From others 887.6 905.0 912.7 942.7
25 Net due to related foreign
offices 94.1 100.3 119.3 121.9
26 Other liabilities 430.4 434.9 437.2 444.5
27 Total liabilities 6,277.7 6,330.0 6,367.1 6,430.4
28 Residual (assets less
liabilities) (7) 443.2 457.9 467.5 492.2
Not seasonally adjusted
Assets
29 Bank credit 5,650.3 5,722.1 5,757.4 5,853.0
30 Securities in bank credit 1,624.0 1,638.6 1,636.9 1,691.4
31 U.S. government
securities 939.4 958.5 964.9 1,001.1
32 Other securities 684.6 680.1 672.0 690.3
33 Loans and leases in bank
credit (2) 4,026.3 4,083.5 4,120.5 4,161.5
34 Commercial and
industrial 976.8 973.5 971.6 969.0
35 Real estate 1,901.8 1,937.1 1,969.4 2,005.0
36 Revolving home equity 197.8 202.1 205.6 208.6
37 Other 1,704.0 1,735.1 1,763.8 1,796.4
38 Consumer 571.3 582.3 585.4 588.2
39 Credit cards and
related plans 224.4 231.2 232.0 231.6
40 Other 346.9 351.1 353.4 356.6
41 Security (3) 171.5 178.8 184.5 189.8
42 Other loans and leases 404.8 411.7 409.6 409.5
43 Interbank loans 299.2 310.6 321.9 332.1
44 Cash assets (4) 303.8 314.1 321.0 325.0
45 Other assets (5) 496.8 500.9 509.4 519.9
46 Total assets (6) 6,675.0 6,722.4 6,834.6 6,954.0
Liabilities
47 Deposits 4,413.7 4,441.4 4,467.4 4,519.8
48 Transaction 583.8 577.9 606.2 611.8
49 Nontransaction 3,829.9 3,863.5 3,861.1 3,908.1
50 Large time 1,033.5 1,029.7 1,020.3 1,011.5
51 Other 2,796.4 2,833.8 2,840.8 2,896.6
52 Borrowings 1,272.6 1,318.9 1,330.2 1,367.2
53 From banks in the U.S. 399.9 409.6 413.7 418.5
54 From others 872.7 909.3 916.4 948.7
55 Net due to related foreign
offices 91.1 100.8 118.6 125.5
56 Other liabilities 427.6 435.0 437.3 450.1
57 Total liabilities 6,205.0 6,296.1 6,353.4 6,462.6
58 Residual (assets less
liabilities) (7) 470.0 476.3 481.2 491.4
Wednesday figures
2002
Account Nov. 6 Nov. 13 Nov. 20 Nov. 27
Seasonally adjusted
Assets
1 Bank credit 5,818.9 5,853.5 5,830.2 5,839.2
2 Securities in bank credit 1,687.6 1,706.7 1,681.7 1,676.2
3 U.S. government
securities 1,000.5 993.8 997.1 1,007.3
4 Other securities 687.1 712.9 684.7 669.0
5 Loans and leases in bank
credit (2) 4,131.4 4,146.7 4,148.5 4,162.9
6 Commercial and
industrial 966.7 963.6 967.7 971.8
7 Real estate 1,994.1 2,009.9 1,990.7 1,999.0
8 Revolving home equity 206.5 207.0 207.9 208.9
9 Other 1,787.7 1,802.9 1,782.7 1,790.1
10 Consumer 583.7 584.8 586.7 587.5
11 Security (3) 176.4 180.7 191.9 194.7
12 Other loans and leases 410.4 407.7 411.5 410.0
13 Interbank loans 325.2 321.5 330.0 339.4
14 Cash assets (4) 309.8 323.4 301.1 331.7
15 Other assets (5) 520.3 530.9 518.7 509.1
16 Total assets (6) 6,898.6 6,953.4 6,904.3 6,943.8
Liabilities
17 Deposits 4,484.6 4,509.6 4,478.5 4,528.2
18 Transaction 578.1 591.6 599.5 662.8
19 Nontransaction 3,906.5 3,918.0 3,879.0 3,865.4
20 Large time 1,006.8 1,007.7 1,007.8 1,000.0
21 Other 2,899.7 2,910.3 2,871.1 2,865.4
22 Borrowings 1,357.7 1,368.5 1,352.9 1,384.8
23 From banks in the U.S. 424.0 420.9 413.1 430.3
24 From others 933.8 947.6 939.9 954.5
25 Net due to related foreign
offices 124.8 128.6 124.0 104.8
26 Other liabilities 454.5 461.7 441.3 427.6
27 Total liabilities 6,421.7 6,468.4 6,396.8 6,445.5
28 Residual (assets less
liabilities) (7) 476.9 485.0 507.5 498.3
Not seasonally adjusted
Assets
29 Bank credit 5,843.0 5,870.0 5,837.2 5,855.3
30 Securities in bank credit 1,693.3 1,709.2 1,684.1 1,679.7
31 U.S. government
securities 1,001.6 992.8 996.6 1,008.2
32 Other securities 691.7 716.4 687.5 671.5
33 Loans and leases in bank
credit (2) 4,149.7 4,160.8 4,153.1 4,175.6
34 Commercial and
industrial 970.8 965.0 968.9 971.6
35 Real estate 2,000.1 2,016.8 1,993.8 2,003.6
36 Revolving home equity 207.2 207.9 208.8 209.6
37 Other 1,792.9 1,808.9 1,785.1 1,794.0
38 Consumer 584.5 586.1 589.4 592.0
39 Credit cards and
related plans 228.4 229.7 232.7 234.7
40 Other 356.1 356.4 356.7 357.3
41 Security (3) 183.7 185.7 190.2 199.2
42 Other loans and leases 410.6 407.3 410.7 409.2
43 Interbank loans 335.5 328.0 329.4 335.8
44 Cash assets (4) 310.6 341.9 307.8 343.2
45 Other assets (5) 525.2 533.6 516.0 508.3
46 Total assets (6) 6,938.5 6,997.5 6,914.5 6,966.8
Liabilities
47 Deposits 4,502.5 4,538.3 4,489.9 4,539.5
48 Transaction 575.8 602.2 602.4 670.1
49 Nontransaction 3,926.7 3,936.1 3,887.4 3,869.5
50 Large time 1,009.8 1,013.7 1,014.1 1,010.4
51 Other 2,916.9 2,922.4 2,873.3 2,859.1
52 Borrowings 1,366.9 1,374.1 1,353.2 1,383.3
53 From banks in the U.S. 424.2 418.8 408.3 425.0
54 From others 942.7 955.3 944.9 958.3
55 Net due to related foreign
offices 124.7 131.0 128.1 113.4
56 Other liabilities 457.2 465.8 447.5 437.9
57 Total liabilities 6,451.3 6,509.1 6,418.5 6,474.1
58 Residual (assets less
liabilities) (7) 487.3 488.4 495.9 492.7
B. Domestically chartered commercial banks
Billions of dollars
Monthly averages
2001 2002
Nov. May June July
Account (r) (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 4,860.6 4,903.0 4,935.0 4,976.9
2 Securities in bank credit 1,254.4 1,304.4 1,324.2 1,353.2
3 U.S. government
securities 755.9 819.9 832.8 841.9
4 Other securities 498.5 484.5 491.5 511.3
5 Loans and leases in bank
credit (2) 3,606.2 3,598.6 3,610.8 3,623.7
6 Commercial and
industrial 844.5 804.5 800.6 790.9
7 Real estate 1,754.7 1,798.5 1,820.0 1,850.4
8 Revolving home equity 152.6 179.6 186.1 192.9
9 Other 1,602.1 1,618.9 1,633.9 1,657.5
10 Consumer 558.8 569.9 568.6 564.7
11 Security (3) 77.1 88.8 84.1 86.6
12 Other loans and leases 371.2 336.9 337.5 331.1
13 Interbank loans 261.1 265.0 262.2 271.1
14 Cash assets (4) 258.6 256.3 261.2 263.4
15 Other assets (5) 459.0 445.7 447.8 454.5
16 Total assets (6) 5,768.1 5,804.4 5,830.9 5,891.0
Liabilities
17 Deposits 3,768.4 3,853.5 3,872.2 3,915.2
18 Transaction 624.9 598.3 587.1 602.3
19 Nontransaction 3,143.4 3,255.3 3,285.1 3,312.8
20 Large time 565.8 550.2 543.8 562.3
21 Other 2,577.6 2,705.1 2,741.3 2,750.5
22 Borrowings 1,042.4 1,045.9 1,033.0 1,030.4
23 From banks in the U.S. 377.8 359.8 352.5 365.4
24 From others 664.5 686.1 680.4 665.0
25 Net due to related foreign
offices 189.2 180.0 175.7 181.0
26 Other liabilities 323.0 272.5 300.5 317.1
27 Total liabilities 5,323.0 5,351.9 5,381.4 5,443.7
28 Residual (assets less
liabilities) (7) 445.1 452.5 449.5 447.4
Not seasonally adjusted
Assets
29 Bank credit 4,873.5 4,900.8 4,932.5 4,956.3
30 Securities in bank credit 1,258.1 1,301.7 1,320.1 1,339.0
31 U.S. government
securities 756.6 817.6 830.0 833.6
32 Other securities 501.4 484.1 490.1 505.5
33 Loans and leases in bank
credit (2) 3,615.4 3,599.1 3,612.4 3,617.3
34 Commercial and
industrial 844.4 810.3 803.9 791.2
35 Real estate 1,759.2 1,801.1 1,821.0 1,849.8
36 Revolving home equity 153.2 179.9 186.3 192.7
37 Other 1,606.0 1,621.2 1,634.7 1,657.0
38 Consumer 561.3 568.1 564.5 558.8
39 Credit cards and
related plans 225.4 222.9 221.0 215.3
40 Other 335.9 345.3 343.4 343.5
41 Security (3) 79.3 83.6 84.7 85.4
42 Other loans and leases 371.2 336.0 338.4 332.1
43 Interbank loans 264.7 261.5 264.3 265.3
44 Cash assets (4) 265.6 255.0 255.5 256.1
45 Other assets (5) 460.4 455.4 447.2 454.4
46 Total assets (6) 5,792.7 5,797.2 5,824.2 5,857.4
Liabilities
47 Deposits 3,784.1 3,841.4 3,861.8 3,895.0
48 Transaction 630.9 590.7 584.3 594.9
49 Nontransaction 3,153.2 3,250.8 3,277.5 3,300.1
50 Large time 569.2 548.3 543.0 560.2
51 Other 2,584.0 2,702.4 2,734.4 2,739.9
52 Borrowings 1,045.5 1,052.3 1,032.1 1,020.4
53 From banks in the U.S. 375.1 361.0 350.1 361.4
54 From others 670.3 691.3 682.0 659.0
55 Net due to related foreign
offices 193.9 179.6 174.5 175.8
56 Other liabilities 329.2 272.1 298.9 310.4
57 Total liabilities 5,352.7 5,345.4 5,367.3 5,401.7
58 Residual (assets less
liabilities) (7) 440.1 451.8 457.0 455.7
Monthly averages
2002
Aug. Sept. Oct.
Account (r) (r) (r) Nov.
Seasonally adjusted
Assets
1 Bank credit 5,052.0 5,111.4 5,144.9 5,215.6
2 Securities in bank credit 1,382.7 1,395.7 1,397.4 1,438.3
3 U.S. government
securities 863.8 875.7 882.5 907.4
4 Other securities 518.8 520.0 514.8 530.9
5 Loans and leases in bank
credit (2) 3,669.3 3,715.6 3,747.5 3,777.4
6 Commercial and
industrial 792.4 790.2 789.1 788.6
7 Real estate 1,881.8 1,916.0 1,947.8 1,980.1
8 Revolving home equity 197.7 201.0 205.0 207.8
9 Other 1,684.1 1,715.0 1,742.8 1,772.3
10 Consumer 574.8 582.8 584.8 585.7
11 Security (3) 85.6 86.1 85.5 81.0
12 Other loans and leases 334.7 340.5 340.3 342.0
13 Interbank loans 287.1 296.7 301.8 301.6
14 Cash assets (4) 271.6 271.2 273.3 274.1
15 Other assets (5) 470.5 470.3 477.6 480.6
16 Total assets (6) 6,006.6 6,074.9 6,122.6 6,196.6
Liabilities
17 Deposits 3,965.5 3,987.4 4,016.5 4,051.6
18 Transaction 589.1 573.9 601.6 596.7
19 Nontransaction 3,376.4 3,413.5 3,414.9 3,454.8
20 Large time 569.9 574.3 577.8 573.7
21 Other 2,806.5 2,839.2 2,837.1 2,881.1
22 Borrowings 1,078.9 1,098.2 1,098.7 1,109.4
23 From banks in the U.S. 383.5 393.8 392.4 395.7
24 From others 695.4 704.4 706.4 713.6
25 Net due to related foreign
offices 179.7 184.1 191.9 196.8
26 Other liabilities 333.6 342.7 340.2 345.5
27 Total liabilities 5,557.7 5,612.3 5,647.3 5,703.2
28 Residual (assets less
liabilities) (7) 448.9 462.6 475.3 493.4
Not seasonally adjusted
Assets
29 Bank credit 5,035.7 5,107.8 5,148.9 5,229.4
30 Securities in bank credit 1,374.0 1,392.0 1,396.7 1,442.5
31 U.S. government
securities 857.6 872.2 878.7 908.3
32 Other securities 516.5 519.7 518.0 534.3
33 Loans and leases in bank
credit (2) 3,661.7 3,715.9 3,752.2 3,786.9
34 Commercial and
industrial 788.5 788.2 789.7 788.4
35 Real estate 1,883.0 1,918.1 1,949.9 1,985.2
36 Revolving home equity 197.8 202.1 205.6 208.6
37 Other 1,685.2 1,716.1 1,744.3 1,776.6
38 Consumer 571.3 582.3 585.4 588.2
39 Credit cards and
related plans 224.4 231.2 232.0 231.6
40 Other 346.9 351.1 353.4 356.6
41 Security (3) 84.5 87.1 87.7 83.4
42 Other loans and leases 334.5 340.2 339.4 341.7
43 Interbank loans 280.7 288.8 296.5 305.5
44 Cash assets (4) 258.7 268.0 274.7 281.6
45 Other assets (5) 468.3 472.3 477.0 482.0
46 Total assets (6) 5,968.6 6,062.1 6,122.4 6,223.0
Liabilities
47 Deposits 3,933.0 3,967.4 4,008.8 4,067.8
48 Transaction 574.0 567.6 596.3 602.2
49 Nontransaction 3,359.1 3,399.8 3,412.4 3,465.6
50 Large time 568.3 571.7 579.0 577.3
51 Other 2,790.8 2,828.1 2,833.5 2,888.3
52 Borrowings 1,058.8 1,095.6 1,100.7 1,112.6
53 From banks in the U.S. 378.3 386.9 390.6 392.9
54 From others 680.5 708.7 710.1 719.6
55 Net due to related foreign
offices 178.7 183.6 192.5 201.5
56 Other liabilities 332.0 342.2 341.1 351.8
57 Total liabilities 5,502.6 5,588.8 5,643.1 5,733.6
58 Residual (assets less
liabilities) (7) 466.0 473.3 479.2 489.4
Wednesday figures
2002
Account Nov. 6 Nov. 13 Nov. 20 Nov. 27
Seasonally adjusted
Assets
1 Bank credit 5,204.3 5,230.2 5,207.7 5,216.3
2 Securities in bank credit 1,438.1 1,450.6 1,433.5 1,433.1
3 U.S. government
securities 908.6 899.7 903.1 915.3
4 Other securities 529.5 550.9 530.4 517.8
5 Loans and leases in bank
credit (2) 3,766.2 3,779.6 3,774.2 3,783.2
6 Commercial and
industrial 787.0 785.8 789.3 792.0
7 Real estate 1,974.1 1,989.8 1,970.8 1,979.4
8 Revolving home equity 206.5 207.0 207.9 208.9
9 Other 1,767.6 1,782.9 1,762.8 1,770.5
10 Consumer 583.7 584.8 586.7 587.5
11 Security (3) 79.1 80.0 83.4 82.4
12 Other loans and leases 342.3 339.2 344.1 341.9
13 Interbank loans 300.2 293.6 301.9 314.4
14 Cash assets (4) 267.6 282.2 261.4 290.4
15 Other assets (5) 480.9 492.6 480.4 472.1
16 Total assets (6) 6,177.7 6,223.2 6,176.1 6,218.0
Liabilities
17 Deposits 4,037.1 4,059.6 4,024.0 4,084.4
18 Transaction 568.5 581.9 590.4 653.3
19 Nontransaction 3,468.6 3,477.7 3,433.6 3,431.1
20 Large time 576.9 576.7 573.3 571.1
21 Other 2,891.7 2,901.0 2,860.2 2,860.0
22 Borrowings 1,106.8 1,111.0 1,106.1 1,122.1
23 From banks in the U.S. 398.6 400.0 389.1 400.1
24 From others 708.3 711.1 716.9 722.0
25 Net due to related foreign
offices 192.8 208.2 195.9 184.6
26 Other liabilities 351.5 355.5 346.5 334.5
27 Total liabilities 5,688.3 5,734.4 5,672.4 5,725.6
28 Residual (assets less
liabilities) (7) 489.4 488.8 503.7 492.4
Not seasonally adjusted
Assets
29 Bank credit 5,222.4 5,242.6 5,217.1 5,228.7
30 Securities in bank credit 1,443.8 1,453.1 1,435.9 1,436.6
31 U.S. government
securities 909.6 898.7 902.7 916.2
32 Other securities 534.2 554.4 533.2 520.4
33 Loans and leases in bank
credit (2) 3,778.5 3,789.5 3,781.2 3,792.2
34 Commercial and
industrial 789.3 785.9 788.8 790.5
35 Real estate 1,980.1 1,996.7 1,973.9 1,984.0
36 Revolving home equity 207.2 207.9 208.8 209.6
37 Other 1,772.9 1,788.9 1,765.2 1,774.4
38 Consumer 584.5 586.1 589.4 592.0
39 Credit cards and
related plans 228.4 229.7 232.7 234.7
40 Other 356.1 356.4 356.7 357.3
41 Security (3) 82.2 81.9 85.7 84.7
42 Other loans and leases 342.5 338.9 343.3 340.9
43 Interbank loans 310.5 300.1 301.2 310.7
44 Cash assets (4) 266.5 297.9 265.7 299.4
45 Other assets (5) 486.4 495.9 478.3 471.1
46 Total assets (6) 6,210.3 6,260.9 6,186.7 6,234.5
Liabilities
47 Deposits 4,056.1 4,085.6 4,032.0 4,088.2
48 Transaction 566.2 592.3 593.1 660.4
49 Nontransaction 3,489.9 3,493.3 3,438.8 3,427.8
50 Large time 581.0 580.2 576.5 574.2
51 Other 2,908.9 2,913.1 2,862.4 2,853.6
52 Borrowings 1,116.0 1,116.7 1,106.3 1,120.6
53 From banks in the U.S. 398.8 397.8 384.3 394.8
54 From others 717.2 718.8 722.0 725.8
55 Net due to related foreign
offices 196.3 211.8 201.1 191.4
56 Other liabilities 356.7 360.4 353.4 343.7
57 Total liabilities 5,725.0 5,774.5 5,692.8 5,743.8
58 Residual (assets less
liabilities) (7) 485.3 486.4 494.0 490.7
C. Large domestically chartered commercial banks
Billions of dollars
Monthly averages
2001 2002
Nov. May June July
Account (r) (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 2,650.5 2,582.5 2,601.6 2,635.3
2 Securities in bank
credit 652.2 664.1 683.6 713.2
3 U.S. government
securities 371.0 390.5 400.1 410.9
4 Trading account 40.5 43.0 42.4 43.1
5 Investment account 330.5 347.5 357.8 367.9
6 Other securities 281.2 273.6 283.5 302.3
7 Trading account 165.4 140.5 148.3 168.8
8 Investment account 115.8 133.1 135.2 133.5
9 State and local
government 27.1 26.9 27.3 28.3
10 Other 88.7 106.2 107.8 105.3
11 Loans and leases in bank
credit (2) 1,998.3 1,918.4 1,918.0 1,922.0
12 Commercial and
industrial 547.1 504.7 500.5 489.2
13 Bankers acceptances .0 .0 .0 .0
14 Other 547.1 504.7 500.5 489.2
15 Real estate 862.7 848.8 861.9 882.0
16 Revolving home
equity 96.8 112.4 116.9 121.6
17 Other 765.9 736.4 745.0 760.4
18 Consumer 247.2 246.6 242.4 243.1
19 Security (3) 69.4 81.6 76.7 78.9
20 Federal funds sold
to and repurchase
agreements with
broker-dealers 54.7 69.4 64.7 66.4
21 Other 14.7 12.3 12.0 12.5
22 State and local
government 15.7 13.0 13.0 12.8
23 Agricultural 10.0 9.2 9.1 9.0
24 Federal funds sold to
and repurchase
agreements with
others 31.1 19.1 17.6 13.7
25 All other loans 79.0 67.6 70.0 67.1
26 Lease-financing
receivables 136.1 127.8 126.8 126.3
27 Interbank loans 157.0 171.5 163.4 164.9
28 Federal funds sold to
and repurchase
agreements with
commercial banks 94.7 87.2 77.2 77.2
29 Other 62.2 84.2 86.2 87.7
30 Cash assets (4) 151.2 141.3 143.2 142.5
31 Other assets (5) 330.2 308.4 303.0 310.5
32 Total assets (6) 3,248.2 3,159.2 3,167.1 3,209.2
Liabilities
33 Deposits 1,807.1 1,814.7 1,817.5 1,846.8
34 Transaction 323.4 291.1 286.7 292.2
35 Nontransaction 1,483.8 1,523.6 1,530.8 1,554.6
36 Large time 255.3 249.2 244.3 261.5
37 Other 1,228.5 1,274.4 1,286.5 1,293.1
38 Borrowings 666.8 658.0 643.2 636.6
39 From banks in the U.S. 209.2 190.0 181.7 191.3
40 From others 457.5 468.0 461.5 445.3
41 Net due to related foreign
offices 178.8 168.3 164.0 171.2
42 Other liabilities 258.5 198.3 225.3 241.7
43 Total liabilities 2,911.2 2,839.3 2,850.0 2,896.3
44 Residual (assets less
liabilities) (7) 336.9 319.9 317.1 312.9
Not seasonally adjusted
Assets
45 Bank credit 2,658.1 2,582.5 2,601.8 2,620.0
46 Securities in bank
credit 656.0 662.1 680.0 701.2
47 U.S. government
securities 371.8 389.0 397.9 404.7
48 Trading account 40.6 42.8 42.2 42.4
49 Investment account 331.2 346.2 355.7 362.3
50 Mortgage-backed
securities 266.6 272.0 277.5 287.3
51 Other 64.6 74.1 78.2 75.0
52 One year or less 18.5 16.1 14.9 18.7
53 One to five
years 31.2 45.1 50.0 43.7
54 More than five
years 14.9 12.9 13.3 12.7
55 Other securities 284.2 273.1 282.1 296.5
56 Trading account 167.1 140.2 147.5 165.5
57 Investment account 117.1 132.9 134.5 131.0
58 State and local
government 27.4 26.9 27.2 27.7
59 Other 89.6 106.0 107.3 103.3
60 Loans and leases in bank
credit (2) 2,002.1 1,920.4 1,921.8 1,918.7
61 Commercial and
industrial 548.0 508.1 501.8 488.9
62 Bankers acceptances .0 .0 .0 .0
63 Other 548.0 508.1 501.8 488.9
64 Real estate 864.5 852.2 863.8 882.2
65 Revolving home
equity 96.9 112.9 117.3 121.9
66 Other 451.2 426.1 435.1 448.7
67 Commercial 316.3 313.2 311.4 311.6
68 Consumer 246.0 247.3 242.3 241.2
69 Credit cards and
related plans 78.3 74.4 72.1 70.9
70 Other 167.6 172.8 170.2 170.3
71 Security (3) 71.3 76.6 77.4 77.8
72 Federal funds sold
to and repurchase
agreements with
broker-dealers 56.2 65.0 65.3 65.5
73 Other 15.1 11.5 12.1 12.3
74 State and local
government 15.7 13.0 13.0 12.8
75 Agricultural 9.9 9.3 9.3 9.2
76 Federal funds sold to
and repurchase
agreements with
others 31.5 19.1 17.6 13.7
77 All other loans 79.5 67.0 70.4 67.3
78 Lease-financing
receivables 135.7 127.8 126.4 125.6
79 Interbank loans 158.6 172.7 168.5 164.0
80 Federal funds sold to
and repurchase
agreements with
commercial banks 95.7 87.8 79.5 76.8
81 Other 62.9 84.8 88.9 87.2
82 Cash assets (4) 154.3 140.8 139.1 137.1
83 Other assets (5) 331.6 308.0 302.5 310.4
84 Total assets (6) 3,261.8 3,159.5 3,167.7 3,187.6
Liabilities
85 Deposits 1,816.1 1,809.2 1,816.0 1,838.7
86 Transaction 326.9 288.3 285.2 287.2
87 Nontransaction 1,489.2 1,521.0 1,530.8 1,551.5
88 Large time 258.7 247.3 243.5 259.3
89 Other 1,230.5 1,273.7 1,287.3 1,292.2
90 Borrowings 669.8 664.4 642.3 626.6
91 From banks in the U.S. 206.5 191.3 179.3 187.3
92 From nonbanks in the
U.S. 463.3 473.2 463.1 439.4
93 Net due to related foreign
offices 183.5 168.0 162.8 166.0
94 Other liabilities 264.8 197.8 223.7 235.1
95 Total liabilities 2,934.2 2,839.5 2,844.8 2,866.5
96 Residual (assets less
liabilities) (7) 327.6 320.0 322.9 321.2
Monthly averages
2002
Aug. Sept. Oct. Nov.
Account (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 2,683.2 2,720.0 2,733.6 2,787.4
2 Securities in bank
credit 736.6 745.4 743.3 779.7
3 U.S. government
securities 427.5 432.0 435.2 455.4
4 Trading account 48.0 42.6 37.8 48.1
5 Investment account 379.5 389.3 397.5 407.4
6 Other securities 309.1 313.5 308.0 324.3
7 Trading account 174.5 172.7 161.5 171.8
8 Investment account 134.6 140.8 146.5 152.5
9 State and local
government 28.0 28.4 28.7 29.1
10 Other 106.5 112.4 117.8 123.3
11 Loans and leases in bank
credit (2) 1,946.7 1,974.5 1,990.3 2,007.6
12 Commercial and
industrial 488.2 484.6 482.9 481.2
13 Bankers acceptances .0 .0 .0 .0
14 Other 488.2 484.6 482.9 481.2
15 Real estate 901.0 921.9 941.4 964.9
16 Revolving home
equity 124.6 126.8 129.5 131.7
17 Other 776.5 795.1 811.9 833.2
18 Consumer 248.6 254.1 255.1 254.7
19 Security (3) 77.6 77.9 77.1 72.7
20 Federal funds sold
to and repurchase
agreements with
broker-dealers 66.3 67.9 66.8 62.0
21 Other 11.3 10.0 10.3 10.7
22 State and local
government 12.9 13.0 12.9 12.1
23 Agricultural 8.2 8.2 8.1 8.1
24 Federal funds sold to
and repurchase
agreements with
others 16.6 19.8 19.2 18.5
25 All other loans 67.5 69.2 69.4 72.4
26 Lease-financing
receivables 126.1 125.9 124.2 123.0
27 Interbank loans 176.5 182.0 181.6 180.2
28 Federal funds sold to
and repurchase
agreements with
commercial banks 86.8 89.2 84.0 87.3
29 Other 89.7 92.8 97.6 92.9
30 Cash assets (4) 146.9 144.3 144.1 145.0
31 Other assets (5) 321.6 319.4 328.0 327.9
32 Total assets (6) 3,284.9 3,322.8 3,344.3 3,397.3
Liabilities
33 Deposits 1,872.5 1,883.2 1,899.5 1,924.0
34 Transaction 282.4 268.3 286.9 282.5
35 Nontransaction 1,590.2 1,614.9 1,612.6 1,641.5
36 Large time 268.3 271.8 272.7 267.2
37 Other 1,321.9 1,343.1 1,339.9 1,374.3
38 Borrowings 670.3 672.6 669.3 680.0
39 From banks in the U.S. 201.0 206.6 205.4 210.7
40 From others 469.3 466.0 463.8 469.3
41 Net due to related foreign
offices 171.2 175.4 179.5 185.5
42 Other liabilities 255.0 262.0 258.5 261.5
43 Total liabilities 2,969.0 2,993.2 3,006.8 3,051.0
44 Residual (assets less
liabilities) (7) 315.9 329.5 337.5 346.2
Not seasonally adjusted
Assets
45 Bank credit 2,669.9 2,714.4 2,732.2 2,795.5
46 Securities in bank
credit 730.3 742.8 743.8 784.1
47 U.S. government
securities 423.6 429.5 432.6 456.5
48 Trading account 47.6 42.4 37.6 48.2
49 Investment account 376.0 387.1 395.1 408.3
50 Mortgage-backed
securities 304.5 308.0 312.9 324.4
51 Other 71.4 79.1 82.2 83.8
52 One year or less 17.4 19.9 21.8 23.2
53 One to five
years 42.2 46.3 49.9 47.1
54 More than five
years 11.8 12.9 10.4 13.5
55 Other securities 306.7 313.2 311.2 327.7
56 Trading account 173.1 172.6 163.2 173.6
57 Investment account 133.6 140.7 148.0 154.0
58 State and local
government 27.8 28.4 29.0 29.4
59 Other 105.7 112.3 119.0 124.6
60 Loans and leases in bank
credit (2) 1,939.7 1,971.6 1,988.4 2,011.3
61 Commercial and
industrial 485.7 484.3 483.6 482.1
62 Bankers acceptances .0 .0 .0 .0
63 Other 485.7 484.3 483.6 482.1
64 Real estate 901.5 922.3 940.2 966.9
65 Revolving home
equity 124.9 127.3 129.5 131.9
66 Other 464.4 482.2 495.3 518.6
67 Commercial 312.1 312.8 315.4 316.4
68 Consumer 246.4 251.6 252.2 253.4
69 Credit cards and
related plans 73.6 75.9 74.8 73.0
70 Other 172.8 175.6 177.4 180.4
71 Security (3) 76.5 79.1 79.4 74.7
72 Federal funds sold
to and repurchase
agreements with
broker-dealers 65.3 69.0 68.8 63.7
73 Other 11.2 10.1 10.6 11.0
74 State and local
government 12.9 13.0 12.9 12.1
75 Agricultural 8.2 8.2 8.0 8.0
76 Federal funds sold to
and repurchase
agreements with
others 16.6 19.8 19.2 18.5
77 All other loans 67.0 69.4 69.3 72.9
78 Lease-financing
receivables 124.8 124.0 123.6 122.7
79 Interbank loans 171.9 177.0 177.2 182.0
80 Federal funds sold to
and repurchase
agreements with
commercial banks 84.6 86.8 82.0 88.2
81 Other 87.3 90.2 95.2 93.9
82 Cash assets (4) 137.9 141.6 145.0 147.9
83 Other assets (5) 319.3 321.4 327.4 329.3
84 Total assets (6) 3,255.6 3,311.2 3,339.2 3,411.4
Liabilities
85 Deposits 1,856.1 1,874.5 1,896.5 1,933.1
86 Transaction 270.9 263.9 282.9 285.5
87 Nontransaction 1,585.2 1,610.6 1,613.6 1,647.6
88 Large time 266.6 269.3 274.0 270.8
89 Other 1,318.6 1,341.3 1,339.6 1,376.8
90 Borrowings 650.2 670.0 671.2 683.2
91 From banks in the U.S. 195.8 199.8 203.7 207.9
92 From nonbanks in the
U.S. 454.4 470.2 467.5 475.2
93 Net due to related foreign
offices 170.2 175.0 180.2 190.2
94 Other liabilities 253.4 261.5 259.4 267.9
95 Total liabilities 2,929.9 2,981.0 3,007.3 3,074.3
96 Residual (assets less
liabilities) (7) 325.7 330.2 331.9 337.1
Wednesday figures
2002
Account Nov. 6 Nov. 13 Nov. 20 Nov. 27
Seasonally adjusted
Assets
1 Bank credit 2,783.7 2,802.4 2,779.4 2,783.8
2 Securities in bank
credit 780.7 792.9 776.7 773.3
3 U.S. government
securities 457.4 449.1 452.8 461.6
4 Trading account 51.1 44.4 46.6 50.8
5 Investment account 406.3 404.7 406.2 410.8
6 Other securities 323.3 343.8 323.9 311.7
7 Trading account 175.0 190.6 169.2 158.9
8 Investment account 148.2 153.2 154.7 152.8
9 State and local
government 28.7 29.1 29.3 29.3
10 Other 119.5 124.1 125.4 123.5
11 Loans and leases in bank
credit (2) 2,003.0 2,009.5 2,002.8 2,010.6
12 Commercial and
industrial 481.0 479.0 481.7 483.3
13 Bankers acceptances n.a. n.a. n.a. n.a.
14 Other 481.0 479.0 481.7 483.3
15 Real estate 960.3 971.7 955.4 966.9
16 Revolving home
equity 130.4 131.0 131.9 132.8
17 Other 829.9 840.7 823.6 834.1
18 Consumer 255.6 255.0 254.2 254.5
19 Security (3) 70.9 71.9 75.3 73.5
20 Federal funds sold
to and repurchase
agreements with
broker-dealers 61.0 60.6 64.1 62.8
21 Other 9.9 11.3 11.2 10.8
22 State and local
government 12.0 12.2 12.1 12.1
23 Agricultural 8.1 8.1 8.1 8.1
24 Federal funds sold to
and repurchase
agreements with
others 21.3 18.4 19.2 15.1
25 All other loans 70.4 70.0 74.0 74.4
26 Lease-financing
receivables 123.4 123.2 122.8 122.7
27 Interbank loans 183.8 176.8 182.1 181.1
28 Federal funds sold to
and repurchase
agreements with
commercial banks 90.5 87.3 88.8 84.8
29 Other 93.3 89.5 93.3 96.2
30 Cash assets (4) 140.4 150.5 135.8 157.2
31 Other assets (5) 325.9 334.0 328.5 327.6
32 Total assets (6) 3,390.4 3,420.4 3,382.6 3,406.7
Liabilities
33 Deposits 1,915.3 1,930.3 1,905.4 1,942.7
34 Transaction 266.6 274.6 277.4 315.3
35 Nontransaction 1,648.7 1,655.7 1,628.0 1,627.4
36 Large time 271.7 270.4 266.1 264.2
37 Other 1,377.0 1,385.3 1,361.9 1,363.2
38 Borrowings 681.8 685.1 672.9 690.8
39 From banks in the U.S. 213.8 216.9 202.3 215.5
40 From others 468.1 468.1 470.7 475.3
41 Net due to related foreign
offices 180.6 194.1 186.6 175.4
42 Other liabilities 268.0 270.6 262.0 251.5
43 Total liabilities 3,045.7 3,080.0 3,027.0 3,060.4
44 Residual (assets less
liabilities) (7) 344.7 340.3 355.5 346.3
Not seasonally adjusted
Assets
45 Bank credit 2,795.5 2,808.9 2,784.8 2,789.4
46 Securities in bank
credit 787.2 795.7 779.6 776.0
47 U.S. government
securities 459.2 448.4 452.9 461.8
48 Trading account 51.3 44.3 46.6 50.8
49 Investment account 407.9 404.0 406.3 411.0
50 Mortgage-backed
securities 328.0 323.2 319.2 324.4
51 Other 79.8 80.8 87.1 86.6
52 One year or less 22.4 22.8 24.1 23.9
53 One to five
years 46.7 47.0 47.9 46.8
54 More than five
years 10.8 11.0 15.0 15.8
55 Other securities 328.0 347.4 326.7 314.2
56 Trading account 177.6 192.6 170.7 160.2
57 Investment account 150.4 154.8 156.0 154.0
58 State and local
government 29.1 29.4 29.5 29.6
59 Other 121.3 125.4 126.5 124.5
60 Loans and leases in bank
credit (2) 2,008.3 2,013.2 2,005.2 2,013.4
61 Commercial and
industrial 483.6 480.1 482.7 483.0
62 Bankers acceptances n.a. n.a. n.a. n.a.
63 Other 483.6 480.1 482.7 483.0
64 Real estate 962.6 974.7 956.4 968.0
65 Revolving home
equity 130.5 131.1 132.2 132.9
66 Other 515.7 527.3 507.6 518.7
67 Commercial 316.3 316.3 316.7 316.3
68 Consumer 253.5 253.1 252.7 254.1
69 Credit cards and
related plans 73.9 73.2 72.3 72.9
70 Other 179.6 179.9 180.5 181.2
71 Security (3) 73.5 73.5 77.3 75.7
72 Federal funds sold
to and repurchase
agreements with
broker-dealers 63.2 61.9 65.8 64.6
73 Other 10.3 11.5 11.5 11.1
74 State and local
government 12.0 12.2 12.1 12.1
75 Agricultural 8.1 8.1 8.0 8.0
76 Federal funds sold to
and repurchase
agreements with
others 21.3 18.4 19.2 15.1
77 All other loans 70.7 70.3 74.2 74.9
78 Lease-financing
receivables 123.1 122.9 122.5 122.4
79 Interbank loans 185.6 180.1 181.1 182.9
80 Federal funds sold to
and repurchase
agreements with
commercial banks 91.4 88.9 88.3 85.7
81 Other 94.2 91.2 92.8 97.2
82 Cash assets (4) 139.0 159.1 136.3 160.1
83 Other assets (5) 331.4 337.3 326.4 326.6
84 Total assets (6) 3,408.1 3,442.1 3,385.1 3,415.8
Liabilities
85 Deposits 1,925.4 1,947.0 1,910.4 1,943.9
86 Transaction 262.3 281.3 279.4 320.3
87 Nontransaction 1,663.1 1,665.6 1,630.9 1,623.6
88 Large time 275.9 273.9 269.2 267.3
89 Other 1,387.2 1,391.7 1,361.8 1,356.3
90 Borrowings 691.0 690.7 673.2 689.3
91 From banks in the U.S. 214.0 214.8 197.5 210.2
92 From nonbanks in the
U.S. 477.0 475.9 475.7 479.1
93 Net due to related foreign
offices 184.1 197.7 191.9 182.2
94 Other liabilities 273.1 275.4 268.9 260.7
95 Total liabilities 3,073.6 3,110.8 3,044.3 3,076.0
96 Residual (assets less
liabilities) (7) 334.5 331.3 340.8 339.8
D. Small domestically chartered commercial banks
Billions of dollars
Monthly averages
2001 2002
Nov. May June July
Account (r) (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 2,210.1 2,320.5 2,333.4 2,341.6
2 Securities in bank
credit 602.2 640.3 640.6 639.9
3 U.S. government
securities 384.9 429.4 432.6 430.9
4 Other securities 217.3 210.9 208.0 209.0
5 Loans and leases in bank
credit (2) 1,608.0 1,680.1 1,692.8 1,701.7
6 Commercial and
industrial 297.4 299.8 300.1 301.8
7 Real estate 892.0 949.7 958.1 968.4
8 Revolving home
equity 55.8 67.2 69.2 71.3
9 Other 836.2 882.5 888.9 897.1
10 Consumer 311.6 323.3 326.2 321.6
11 Security (3) 7.7 7.2 7.5 7.7
12 Other loans and leases 99.2 100.1 101.0 102.2
13 Interbank loans 104.1 93.5 98.8 106.2
14 Cash assets (4) 107.4 114.9 118.0 120.9
15 Other assets (5) 128.8 147.3 144.8 144.0
16 Total assets (6) 2,519.9 2,645.2 2,663.8 2,681.8
Liabilities
17 Deposits 1,961.2 2,038.8 2,054.7 2,068.4
18 Transaction 301.6 307.2 300.3 310.1
19 Nontransaction 1,659.7 1,731.7 1,754.4 1,758.3
20 Large time 310.5 301.0 299.5 300.9
21 Other 1,349.2 1,430.7 1,454.8 1,457.4
22 Borrowings 375.6 387.9 389.8 393.8
23 From banks in the U.S. 168.6 169.8 170.8 174.1
24 From others 207.0 218.1 218.9 219.7
25 Net due to related foreign
offices 10.4 11.6 11.7 9.8
26 Other liabilities 64.4 74.2 75.2 75.4
27 Total liabilities 2,411.7 2.512.6 2,531.4 2,547.3
28 Residual (assets less
liabilities) (7) 108.2 132.6 132.4 134.5
Not seasonally adjusted
Assets
29 Bank credit 2,215.3 2,318.3 2,330.7 2,336.3
30 Securities in bank
credit 602.0 639.5 640.1 637.8
31 U.S. government
securities 384.8 428.6 432.1 428.8
32 Other securities 217.3 210.9 208.0 209.0
33 Loans and leases in bank
credit (2) 1,613.3 1,678.8 1,690.6 1,698.5
34 Commercial and
industrial 296.4 302.2 302.2 302.4
35 Real estate 894.7 948.9 957.2 967.5
36 Revolving home
equity 56.3 67.0 69.0 70.9
37 Other 838.4 881.9 888.2 896.6
38 Consumer 315.3 320.9 322.2 317.6
39 Credit cards and
related plans 147.1 148.4 148.9 144.4
40 Other 168.2 172.4 173.2 173.2
41 Security (3) 8.0 7.0 7.3 7.6
42 Other loans and leases 98.9 99.8 101.8 103.5
43 Interbank loans 106.1 88.9 95.8 101.3
44 Cash assets (4) 111.2 114.3 116.4 119.0
45 Other assets (5) 128.8 147.3 144.8 144.0
46 Total assets (6) 2,530.9 2,637.7 2,656.5 2,669.7
Liabilities
47 Deposits 1,968.0 2,032.2 2,045.8 2,056.3
48 Transaction 304.0 302.4 299.2 307.7
49 Nontransaction 1,664.0 1,729.8 1,746.7 1,748.6
50 Large time 310.5 301.0 299.5 300.9
51 Other 1,353.5 1,428.8 1,447.1 1,447.8
52 Borrowings 375.6 387.9 389.8 393.8
53 From banks in the U.S. 168.6 169.8 170.8 174.1
54 From others 207.0 218.1 218.9 219.7
55 Net due to related foreign
offices 10.4 11.6 11.7 9.8
56 Other liabilities 64.4 74.2 75.2 75.4
57 Total liabilities 2,418.5 2,505.9 2,522.5 2,535.2
58 Residual (assets less
liabilities) (7) 112.4 131.8 134.0 134.5
Monthly averages
2002
Aug. Sept. Oct. Nov.
Account (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 2,368.7 2,391.4 2,411.3 2,428.3
2 Securities in bank
credit 646.1 650.3 654.1 658.6
3 U.S. government
securities 436.3 443.7 447.3 452.0
4 Other securities 209.8 206.5 206.8 206.6
5 Loans and leases in bank
credit (2) 1,722.6 1,741.1 1,757.2 1,769.7
6 Commercial and
industrial 304.3 305.6 306.2 307.4
7 Real estate 980.8 994.1 1,006.4 1,015.2
8 Revolving home
equity 73.1 74.3 75.5 76.1
9 Other 907.7 919.8 930.9 939.1
10 Consumer 326.2 328.7 329.7 331.0
11 Security (3) 8.0 8.2 8.4 8.3
12 Other loans and leases 103.3 104.5 106.5 107.9
13 Interbank loans 110.7 114.7 120.2 121.4
14 Cash assets (4) 124.7 126.9 129.2 129.1
15 Other assets (5) 148.9 150.9 149.6 152.7
16 Total assets (6) 2,721.7 2,752.1 2,778.3 2,799.3
Liabilities
17 Deposits 2,093.0 2,104.2 2,117.0 2,127.6
18 Transaction 306.7 305.6 314.7 314.2
19 Nontransaction 1,786.2 1,798.6 1,802.3 1,813.4
20 Large time 301.7 302.5 305.0 306.6
21 Other 1,484.6 1,496.1 1,497.2 1,506.8
22 Borrowings 408.6 425.6 429.5 429.4
23 From banks in the U.S. 182.5 187.1 186.9 185.0
24 From others 226.2 238.4 242.5 244.4
25 Net due to related foreign
offices 8.5 8.6 12.3 11.3
26 Other liabilities 78.7 80.7 81.7 83.9
27 Total liabilities 2,588.7 2,619.1 2,640.5 2,652.1
28 Residual (assets less
liabilities) (7) 133.0 133.1 137.8 147.2
Not seasonally adjusted
Assets
29 Bank credit 2,365.8 2,393.4 2,416.7 2,434.0
30 Securities in bank
credit 643.8 649.2 652.9 658.4
31 U.S. government
securities 434.0 442.7 446.1 451.8
32 Other securities 209.8 206.5 206.8 206.6
33 Loans and leases in bank
credit (2) 1,722.0 1,744.2 1,763.8 1,775.6
34 Commercial and
industrial 302.8 303.9 306.1 306.3
35 Real estate 981.5 995.8 1,009.7 1,018.3
36 Revolving home
equity 72.9 74.7 76.1 76.7
37 Other 908.6 921.1 933.6 941.6
38 Consumer 324.9 330.7 333.2 334.8
39 Credit cards and
related plans 150.8 155.2 157.2 158.6
40 Other 174.2 175.5 176.0 176.3
41 Security (3) 7.9 8.0 8.3 8.6
42 Other loans and leases 104.9 105.8 106.5 107.5
43 Interbank loans 108.8 111.8 119.2 123.4
44 Cash assets (4) 120.9 126.5 129.7 133.6
45 Other assets (5) 148.9 150.9 149.6 152.7
46 Total assets (6) 2,713.1 2,750.9 2,783.1 2,811.6
Liabilities
47 Deposits 2,077.0 2,092.9 2,112.3 2,134.7
48 Transaction 303.1 303.7 313.4 316.7
49 Nontransaction 1,773.9 1,789.3 1,798.9 1,818.1
50 Large time 301.7 302.5 305.0 306.6
51 Other 1,472.2 1,486.8 1,493.9 1,511.5
52 Borrowings 408.6 425.6 429.5 429.4
53 From banks in the U.S. 182.5 187.1 186.9 185.0
54 From others 226.2 238.4 242.5 244.4
55 Net due to related foreign
offices 8.5 8.6 12.3 11.3
56 Other liabilities 78.7 80.7 81.7 83.9
57 Total liabilities 2,572.7 2,607.8 2,635.8 2,659.3
58 Residual (assets less
liabilities) (7) 140.4 143.1 147.3 152.3
Wednesday figures
2002
Nov. 6 Nov. 13 Nov. 20 Nov. 27
Account
Seasonally adjusted
Assets
1 Bank credit 2,420.6 2,427.8 2,428.3 2,432.5
2 Securities in bank
credit 657.4 657.7 656.9 659.8
3 U.S. government
securities 451.2 450.7 450.4 453.7
4 Other securities 206.2 207.0 206.5 206.2
5 Loans and leases in bank
credit (2) 1,763.2 1,770.1 1,771.5 1,772.6
6 Commercial and
industrial 306.0 306.7 307.6 308.7
7 Real estate 1,013.8 1,018.2 1,015.3 1,012.6
8 Revolving home
equity 76.0 76.0 76.1 76.1
9 Other 937.8 942.2 939.3 936.4
10 Consumer 328.1 329.9 332.5 333.1
11 Security (3) 8.2 8.0 8.1 8.8
12 Other loans and leases 107.1 107.3 107.9 109.5
13 Interbank loans 116.4 116.9 119.8 133.3
14 Cash assets (4) 127.2 131.7 125.6 133.2
15 Other assets (5) 155.0 158.6 152.0 144.5
16 Total assets (6) 2,787.3 2,802.9 2,793.5 2,811.3
Liabilities
17 Deposits 2,121.8 2,129.3 2,118.5 2,141.7
18 Transaction 302.0 307.3 313.0 338.0
19 Nontransaction 1,819.8 1,822.0 1,805.6 1,803.7
20 Large time 305.2 306.3 307.3 306.9
21 Other 1,514.7 1,515.7 1,498.3 1,496.8
22 Borrowings 425.0 426.0 433.1 431.3
23 From banks in the U.S. 184.8 183.1 186.8 184.6
24 From others 240.2 242.9 246.3 246.7
25 Net due to related foreign
offices 12.2 14.1 9.3 9.2
26 Other liabilities 83.5 85.0 84.5 83.0
27 Total liabilities 2,642.6 2,654.4 2,645.4 2,665.2
28 Residual (assets less
liabilities) (7) 144.7 148.5 148.1 146.0
Not seasonally adjusted
Assets
29 Bank credit 2,426.9 2,433.6 2,432.3 2,439.4
30 Securities in bank
credit 656.6 657.4 656.3 660.6
31 U.S. government
securities 450.4 450.3 449.8 454.4
32 Other securities 206.2 207.0 206.5 206.2
33 Loans and leases in bank
credit (2) 1,770.3 1,776.3 1,776.0 1,778.8
34 Commercial and
industrial 305.7 305.8 306.1 307.5
35 Real estate 1,017.5 1,022.0 1,017.5 1,016.1
36 Revolving home
equity 76.7 76.7 76.6 76.7
37 Other 940.8 945.3 940.9 939.4
38 Consumer 331.0 333.0 336.7 337.9
39 Credit cards and
related plans 154.6 156.5 160.4 161.8
40 Other 176.5 176.5 176.2 176.1
41 Security (3) 8.7 8.5 8.4 8.9
42 Other loans and leases 107.4 107.1 107.3 108.3
43 Interbank loans 124.9 120.0 120.1 127.8
44 Cash assets (4) 127.5 138.7 129.4 139.3
45 Other assets (5) 155.0 158.6 152.0 144.5
46 Total assets (6) 2,802.3 2,818.8 2,801.6 2,818.7
Liabilities
47 Deposits 2,130.7 2,138.6 2,121.6 2,144.3
48 Transaction 303.8 310.9 313.7 340.1
49 Nontransaction 1,826.9 1,827.7 1,807.9 1,804.2
50 Large time 305.2 306.3 307.3 306.9
51 Other 1,521.7 1,521.4 1,500.6 1,497.3
52 Borrowings 425.0 426.0 433.1 431.3
53 From banks in the U.S. 184.8 183.1 186.8 184.6
54 From others 240.2 242.9 246.3 246.7
55 Net due to related foreign
offices 12.2 14.1 9.3 9.2
56 Other liabilities 83.5 85.0 84.5 83.0
57 Total liabilities 2,651.5 2,663.7 2,648.5 2,667.8
58 Residual (assets less
liabilities) (7) 150.8 155.1 153.2 150.9
E. Foreign-related institutions
Billions of dollars
Monthly averages
2001 2002
Nov. May June July
Account (r) (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 599.8 595.7 605.6 614.2
2 Securities in bank
credit 240.5 231.1 238.3 241.2
3 U.S. government
securities 84.0 73.4 76.1 76.4
4 Other securities 156.5 157.7 162.2 164.8
5 Loans and leases in bank
credit (2) 359.3 364.6 367.3 373.0
6 Commercial and
industrial 196.0 196.7 193.1 191.2
7 Real estate 17.7 18.1 18.4 18.8
8 Security (3) 77.6 80.3 85.5 90.8
9 Other loans and leases 68.0 69.5 70.3 72.1
10 Interbank loans 25.2 23.4 20.2 17.5
11 Cash assets (4) 38.4 45.3 45.5 46.0
12 Other assets (5) 36.0 26.3 27.8 29.4
13 Total assets (6) 698.9 690.4 698.8 706.8
Liabilities
14 Deposits 429.7 505.1 505.2 498.9
15 Transaction 10.8 10.6 10.3 9.9
16 Nontransaction 418.9 494.6 494.9 489.0
17 Borrowings 208.7 189.4 192.9 201.3
18 From banks in the U.S. 23.6 21.0 21.3 20.8
19 From others 185.0 168.4 171.6 180.5
20 Net due to related foreign
offices -19.9 -90.9 -86.1 -81.8
21 Other liabilities 81.9 76.5 85.5 90.9
22 Total liabilities 700.3 680.1 697.5 709.3
23 Residual (assets less
liabilities) (7) -1.4 10.3 1.3 -2.5
Not seasonally adjusted
Assets
24 Bank credit 602.5 591.8 602.6 608.1
25 Securities in bank
credit 240.5 231.1 238.3 241.2
26 U.S. government
securities 84.0 73.4 76.1 76.4
27 Trading account 14.9 10.1 10.4 10.7
28 Investment account 69.0 63.3 65.7 65.8
29 Other securities 156.5 157.7 162.2 164.8
30 Trading account 105.0 99.0 103.5 108.4
31 Investment account 51.6 58.7 58.7 56.4
32 Loans and leases in bank
credit (2) 362.0 360.7 364.3 366.9
33 Commercial and
industrial 197.6 194.4 191.9 189.9
34 Real estate 17.7 18.1 18.4 18.8
35 Security (3) 78.5 79.1 84.0 87.4
36 Other loans and leases 68.1 69.0 70.0 70.8
37 Interbank loans 25.2 23.4 20.2 17.5
38 Cash assets (4) 40.7 43.8 43.5 44.1
39 Other assets (5) 35.7 26.4 26.6 28.3
40 Total assets (6) 703.7 685.0 692.6 697.7
Liabilities
41 Deposits 433.2 510.2 503.4 489.8
42 Transaction 11.0 10.2 10.1 9.8
43 Nontransaction 422.2 500.0 493.3 480.0
44 Borrowings 208.7 189.4 192.9 201.3
45 From banks in the U.S. 23.6 21.0 21.3 20.8
46 From others 185.0 168.4 171.6 180.5
47 Net due to related foreign
offices -21.3 -91.0 -88.8 -85.8
48 Other liabilities 81.3 76.4 84.1 88.7
49 Total liabilities 701.8 685.0 691.6 694.0
50 Residual (assets less
liabilities) (7) 1.8 -.1 1.0 3.7
Monthly averages
2002
Aug. Sept. Oct. Nov.
Account (r) (r) (r)
Seasonally adjusted
Assets
1 Bank credit 620.8 617.6 608.5 620.7
2 Securities in bank
credit 250.0 246.6 240.2 248.9
3 U.S. government
securities 81.8 86.2 86.2 92.8
4 Other securities 168.1 160.4 154.0 156.1
5 Loans and leases in bank
credit (2) 370.8 371.0 368.3 371.8
6 Commercial and
industrial 189.9 185.5 181.2 179.1
7 Real estate 18.8 19.0 19.5 19.8
8 Security (3) 90.4 94.5 96.6 105.1
9 Other loans and leases 71.7 72.0 70.9 67.8
10 Interbank loans 18.5 21.8 25.4 26.6
11 Cash assets (4) 46.5 46.0 45.3 41.0
12 Other assets (5) 29.0 28.1 33.1 38.1
13 Total assets (6) 714.4 713.1 711.9 726.0
Liabilities
14 Deposits 495.1 486.0 466.0 448.4
15 Transaction 10.1 10.1 9.8 9.5
16 Nontransaction 485.0 475.9 456.2 439.0
17 Borrowings 213.8 223.3 229.5 254.6
18 From banks in the U.S. 21.6 22.7 23.1 25.5
19 From others 192.1 200.6 206.4 229.1
20 Net due to related foreign
offices -85.6 -83.8 -72.6 -74.9
21 Other liabilities 96.8 92.2 96.9 99.1
22 Total liabilities 720.0 717.7 719.8 727.2
23 Residual (assets less
liabilities) (7) -5.6 -4.6 -7.9 -1.2
Not seasonally adjusted
Assets
24 Bank credit 614.6 614.3 608.5 623.5
25 Securities in bank
credit 250.0 246.6 240.2 248.9
26 U.S. government
securities 81.8 86.2 86.2 92.8
27 Trading account 13.0 14.6 14.9 20.2
28 Investment account 68.8 71.7 71.3 72.7
29 Other securities 168.1 160.4 154.0 156.1
30 Trading account 109.8 103.5 98.5 99.3
31 Investment account 58.4 56.8 55.5 56.8
32 Loans and leases in bank
credit (2) 364.6 367.7 368.3 374.6
33 Commercial and
industrial 188.3 185.4 181.9 180.6
34 Real estate 18.8 19.0 19.5 19.8
35 Security (3) 87.1 91.7 96.7 106.4
36 Other loans and leases 70.4 71.6 70.1 67.8
37 Interbank loans 18.5 21.8 25.4 26.6
38 Cash assets (4) 45.1 46.0 46.3 43.4
39 Other assets (5) 28.6 28.6 32.5 37.9
40 Total assets (6) 706.4 710.3 712.2 731.0
Liabilities
41 Deposits 480.6 474.0 458.6 452.0
42 Transaction 9.8 10.3 9.9 9.6
43 Nontransaction 470.8 463.7 448.7 442.4
44 Borrowings 213.8 223.3 229.5 254.6
45 From banks in the U.S. 21.6 22.7 23.1 25.5
46 From others 192.1 200.6 206.4 229.1
47 Net due to related foreign
offices -87.6 -82.8 -73.9 -76.0
48 Other liabilities 95.6 92.8 96.1 98.4
49 Total liabilities 702.4 707.3 710.3 729.0
50 Residual (assets less
liabilities) (7) 3.9 3.0 1.9 2.0
Wednesday figures
2002
Nov. Nov. Nov. Nov.
Account 6 13 20 27
Seasonally adjusted
Assets
1 Bank credit 614.6 623.3 622.5 622.9
2 Securities in bank
credit 249.5 256.2 248.2 243.2
3 U.S. government
securities 91.9 94.1 93.9 92.0
4 Other securities 157.5 162.0 154.3 151.2
5 Loans and leases in bank
credit (2) 365.1 367.1 374.2 379.8
6 Commercial and
industrial 179.6 177.8 178.4 179.8
7 Real estate 20.0 20.1 19.9 19.6
8 Security (3) 97.3 100.8 108.5 112.3
9 Other loans and leases 68.2 68.5 67.4 68.1
10 Interbank loans 25.0 27.8 28.2 25.1
11 Cash assets (4) 42.3 41.2 39.7 41.3
12 Other assets (5) 39.3 38.3 38.2 36.9
13 Total assets (6) 720.9 730.2 728.2 725.8
Liabilities
14 Deposits 447.5 450.0 454.5 443.8
15 Transaction 9.6 9.7 9.1 9.5
16 Nontransaction 438.0 440.3 445.4 434.3
17 Borrowings 250.9 257.4 246.9 262.7
18 From banks in the U.S. 25.4 20.9 23.9 30.2
19 From others 225.5 236.5 222.9 232.5
20 Net due to related foreign
offices -68.0 -79.7 -71.9 -79.8
21 Other liabilities 102.9 106.2 94.8 93.1
22 Total liabilities 733.4 734.0 724.4 719.9
23 Residual (assets less
liabilities) (7) -12.5 -3.8 3.8 5.9
Not seasonally adjusted
Assets
24 Bank credit 620.6 627.5 620.2 626.6
25 Securities in bank
credit 249.5 256.2 248.2 243.2
26 U.S. government
securities 91.9 94.1 93.9 92.0
27 Trading account 19.8 20.6 21.0 19.6
28 Investment account 72.2 73.5 72.9 72.4
29 Other securities 157.5 162.0 154.3 151.2
30 Trading account 101.3 105.2 97.1 95.5
31 Investment account 56.2 56.8 57.2 55.7
32 Loans and leases in bank
credit (2) 371.2 371.3 371.9 383.4
33 Commercial and
industrial 181.6 179.2 180.1 181.1
34 Real estate 20.0 20.1 19.9 19.6
35 Security (3) 101.5 103.7 104.5 114.5
36 Other loans and leases 68.1 68.3 67.4 68.2
37 Interbank loans 25.0 27.8 28.2 25.1
38 Cash assets (4) 44.1 44.0 42.2 43.8
39 Other assets (5) 38.8 37.7 37.7 37.2
40 Total assets (6) 728.2 736.6 727.7 732.3
Liabilities
41 Deposits 446.4 452.7 457.9 451.4
42 Transaction 9.7 9.9 9.3 9.7
43 Nontransaction 436.7 442.8 448.6 441.7
44 Borrowings 250.9 257.4 246.9 262.7
45 From banks in the U.S. 25.4 20.9 23.9 30.2
46 From others 225.5 236.5 222.9 232.5
47 Net due to related foreign
offices -71.6 -80.8 -73.1 -78.0
48 Other liabilities 100.6 105.4 94.1 94.2
49 Total liabilities 726.2 734.7 725.8 730.3
50 Residual (assets less
liabilities) (7) 2.0 2.0 2.0 2.0
1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets
and Liabilities (1)
F. Memo items
Billions of dollars
Monthly averages
2001 2002
Account May June July
Nov. (r) (r) (r)
Not seasonally adjusted
MEMO
Large domestically
chartered banks, adjusted
for mergers
1 Revaluation gains on off-
balance-sheet items (8) 106.0 80.8 92.9 105.8
2 Revaluation losses on off-
balance-sheet items (8) 86.5 61.7 75.2 89.2
3 Mortgage-backed securities
(9) 289.7 (r) 306.2 312.6 320.0
4 Pass-through 204.8 210.4 224.6 236.3
5 CMO, REMIC, and other 85.0 95.8 88.0 83.7
6 Net unrealized gains
(losses) on available-
for-sale securities (10) 9.7 4.3 6.7 8.3
7 Off-shore credit to U.S.
residents (11) 19.2 19.6 19.6 19.1
8 Securitized consumer
loans (12) 103.3 (r) 98.5 102.5 106.3
9 Credit cards and
related plans 91.8 (r) 87.0 90.3 91.2
10 Other 11.5 11.5 12.2 15.1
11 Securitized business
loans (12) 20.6 17.1 16.9 17.1
Small domestically
chartered commercial
banks, adjusted for
mergers
12 Mortgage-backed
securities (9) 264.2 298.6 299.1 297.3
13 Securitized consumer
loans (12) 238.3 (r) 242.8 243.9 239.9
14 Credit cards and related
plans 229.6 (r) 235.2 236.9 236.3
15 Other 8.7 7.6 7.0 3.6
Foreign-related
institutions
16 Revaluation gains on off-
balance-sheet items (8) 61.5 (r) 50.0 55.2 61.5
17 Revaluation losses on off-
balance-sheet items (8) 54.1 42.8 49.3 57.4
18 Securitized business
loans (12) 13.3 10.5 9.9 9.4
Monthly averages
2002
Account Aug. Sept. Oct.
(r) (r) (r) Nov.
Not seasonally adjusted
MEMO
Large domestically
chartered banks, adjusted
for mergers
1 Revaluation gains on off-
balance-sheet items (8) 112.3 119.1 110.9 117.1
2 Revaluation losses on off-
balance-sheet items (8) 93.7 100.0 93.7 100.6
3 Mortgage-backed securities
(9) 338.1 343.5 354.8 370.0
4 Pass-through 253.4 254.7 261.3 274.2
5 CMO, REMIC, and other 84.8 88.9 93.5 95.8
6 Net unrealized gains
(losses) on available-
for-sale securities (10) 9.1 11.5 12.5 11.8
7 Off-shore credit to U.S.
residents (11) 19.0 19.0 18.4 18.5
8 Securitized consumer
loans (12) 104.4 103.6 105.0 108.0
9 Credit cards and
related plans 89.3 88.9 90.7 93.5
10 Other 15.1 14.7 14.3 14.5
11 Securitized business
loans (12) 17.8 17.7 17.5 17.1
Small domestically
chartered commercial
banks, adjusted for
mergers
12 Mortgage-backed
securities (9) 298.9 304.3 306.6 308.5
13 Securitized consumer
loans (12) 238.5 235.9 235.0 236.6
14 Credit cards and related
plans 235.2 232.9 231.8 233.4
15 Other 3.1 3.0 3.3 3.2
Foreign-related
institutions
16 Revaluation gains on off-
balance-sheet items (8) 65.1 62.0 58.9 63.0
17 Revaluation losses on off-
balance-sheet items (8) 64.8 61.2 58.5 60.4
18 Securitized business
loans (12) 9.1 8.1 7.6 7.3
Wednesday figures
2002
Account Nov. 6 Nov. 13 Nov. 20 Nov. 27
Not seasonally adjusted
MEMO
Large domestically
chartered banks, adjusted
for mergers
1 Revaluation gains on off-
balance-sheet items (8) 119.2 130.2 115.4 108.5
2 Revaluation losses on off-
balance-sheet items (8) 104.0 115.0 100.3 88.2
3 Mortgage-backed securities
(9) 373.1 369.5 365.7 368.7
4 Pass-through 277.0 273.4 271.8 273.7
5 CMO, REMIC, and other 96.1 96.1 93.9 95.0
6 Net unrealized gains
(losses) on available-
for-sale securities (10) 11.8 12.6 10.9 12.6
7 Off-shore credit to U.S.
residents (11) 18.3 18.7 17.8 19.2
8 Securitized consumer
loans (12) 106.6 107.3 108.2 109.2
9 Credit cards and
related plans 92.0 92.8 93.8 94.8
10 Other 14.6 14.5 14.5 14.4
11 Securitized business
loans (12) 17.3 17.3 17.2 16.7
Small domestically
chartered commercial
banks, adjusted for
mergers
12 Mortgage-backed
securities (9) 309.5 308.6 307.8 307.6
13 Securitized consumer
loans (12) 237.1 237.5 235.7 236.1
14 Credit cards and related
plans 233.9 234.3 232.4 232.9
15 Other 3.2 3.2 3.3 3.2
Foreign-related
institutions
16 Revaluation gains on off-
balance-sheet items (8) 63.3 68.2 62.0 59.6
17 Revaluation losses on off-
balance-sheet items (8) 61.4 66.2 58.9 56.1
18 Securitized business
loans (12) 7.4 7.4 7.4 7.1
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 quantifies
of balance sheet items acquired in mergers are removed from past
data for the bank group that contained the acquired bank and put
into past data for the group containing the acquiring bank. Balance
sheet data for acquired banks are obtained from Call Reports, and a
ratio procedure is used to adjust past levels.
(2.) Excludes federal funds sold to, reverse RPs with, and loans
made to commercial banks in the United States, all of which are
included in "Interbank loans."
(3.) Consists of reverse RPs with brokers and dealers and loans
to purchase and carry securities.
(4.) Includes vault cash, cash items in process of collection,
balances due from depository institutions, and balances due
from Federal Reserve Banks.
(5.) Excludes the due-from position with related foreign offices,
which is included in "Net due to related foreign offices."
(6.) Excludes unearned income, reserves for losses on loans and
leases, and reserves for transfer risk. Loans are reported gross
of these items.
(7.) This balancing item is not intended as a measure of equity
capital for use in capital adequacy analysis. On a seasonally
adjusted basis, this item reflects any differences in the seasonal
patterns estimated for total assets and total liabilities.
(8.) Fair value of derivative contracts (interest rate, foreign
exchange rate, other commodity and equity contracts) in a gain/loss
position, as determined under FASB Interpretation No. 39.
(9.) Includes mortgage-backed securities issued by U.S. government
agencies, U.S. government-sponsored enterprises, and private
entities.
(10.) Difference between fair value and historical cost for
securities classified as available-for-sale under FASB Statement
No. 115. Data are reported net of tax effects. Data shown are
restated to include an estimate of these tax effects.
(11.) Mainly commercial and industrial loans but also includes an
unknown amount of credit extended to other than nonfinancial
businesses.
(12.) Total amount outstanding.
1.32 COMMERCIAL PAPER OUTSTANDING
Millions of dollars, seasonally adjusted, end of period
Year ending December
Item 1997 1998 1999
1 All issuers 966,699 1,163,303 1,403,023
Financial companies (1)
2 Dealer-placed paper, 513,307 614,142 786,643
total (2)
3 Directly placed paper, 252,536 322,030 337,240
total (3)
4 Nonfinancial companies (4) 200,857 227,132 279,140
Year
ending 2002
December
Item 2000 2001 May
1 All issuers 1,615,341 1,438,764 1,366,259
Financial companies (1)
2 Dealer-placed paper,
total (2) 973,060 989,364 989,957
3 Directly placed paper,
total (3) 298,848 224,553 199,572
4 Nonfinancial companies (4) 343,433 224,847 176,730
2002
Item June July Aug.
1 All issuers 1,327,569 1,345,922 1,375,414
Financial companies (1)
2 Dealer-placed paper,
total (2) 986,489 959,798 863,215
3 Directly placed paper,
total (3) 169,193 206,942 343,733
4 Nonfinancial companies (4) 171,887 179,182 168,466
2002
Item Sept. Oct.
1 All issuers 1,338,119 1,350,182
Financial companies (1)
2 Dealer-placed paper,
total (2) 856,037 973,150
3 Directly placed paper,
total (3) 322,729 219,581
4 Nonfinancial companies (4) 159,353 157,451
(1.) Institutions engaged primarily in commercial, savings, and
mortgage banking; sales, personal and mortgage financing;
factoring, finance leasing, and other business lending;
insurance underwriting; and other investment activities.
(2.) Includes all financial-company paper sold by dealers in the
open market.
(3.) As reported by financial companies that place their paper
directly with investors.
(4.) Includes public utilities and firms engaged primarily in
such activities as communications construction, manufacturing,
mining, wholesale and retail trade, transportation, and
services.
1.33 PRIME RATE CHARGED BY BANKS Short-Term Business Loans (1)
Percent per year
Date of change Rate
1999--Jan. 1 8.50
Feb. 3 8.75
Mar. 22 9.00
May. 17 9.50
2001--Jan. 4 9.00
Feb. 1 8.50
Mar. 21 8.00
Apr. 19 7.50
May 16 7.00
June 28 6.75
Aug. 22 6.50
Sept. 18 6.00
Oct. 3 5.50
Nov. 7 5.00
Dec. 12 4.75
2002--Nov. 7 4.25
2000 9.23
2001 6.91
2002 4.67
2000--Jan. 8.50
Feb. 8.73
Mar. 8.83
Apr. 9.00
May 9.24
June 9.50
July 9.50
Aug. 9.50
Sept. 9.50
Oct. 9.50
Nov. 9.50
Dec. 9.50
2001--Jan. 9.05
Feb. 8.50
Mar. 8.32
Apr. 7.80
May 7.24
June 6.98
July 6.75
Aug. 6.67
Sept. 6.28
Oct. 5.53
Nov. 5.10
Dec. 4.84
2002--Jan. 4.75
Feb. 4.75
Mar. 4.75
Apr. 4.75
May 4.75
June 4.75
July 4.75
Aug. 4.75
Sept. 4.75
Oct. 4.75
Nov. 4.35
Dec. 4.25
(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 predominant one quoted by a majority of the twenty-five
largest banks by asset size, based on the most recent Call Report. Data
in this table also appear in the Board's H.15 (519) weekly and G.13
(415) monthly statistical releases. For ordering address, see inside
front cover.
Financial Markets
1.35 INTEREST RATES Money and Capital Markets
Percent per year; figures are averages of business day data
unless otherwise noted
Item 1999 2000 2001
MONEY MARKET INSTRUMENTS
1 Federal funds (1),(2),(3) 4.97 6.24 3.88
2 Discount window primary
credit (2),(4) n.a. n.a. n.a.
Commercial paper
(3),(5),(6)
Nonfinancial
3 1-month 5.09 6.27 3.78
4 2-month 5.14 6.29 3.68
5 3-month 5.18 6.31 3.65
Financial
6 1-month 5.11 6.28 3.80
7 2-month 5.16 6.30 3.71
8 3-month 5.22 6.33 3.65
Certificates of deposit,
secondary market
(3),(7)
9 1-month 5.19 6.35 3.84
10 3-month 5.33 6.46 3.71
11 6-month 5.46 6.59 3.66
12 Eurodollar deposits,
3-month (3),(8) 5.31 6.45 3.70
U.S. Treasury bills
Secondary market (3),(5)
13 4-week n.a. n.a. 2.43
14 3-month 4.64 5.82 3.40
15 6-month 4.75 5.90 3.34
U.S. TREASURY NOTES
AND BONDS
Constant maturities (9)
16 1-year 5.08 6.11 3.49
17 2-year 5.43 6.26 3.83
18 3-year 5.49 6.22 4.09
19 5-year 5.55 6.16 4.56
20 7-year 5.79 6.20 4.88
21 10-year 5.65 6.03 5.02
22 20-year 6.20 6.23 5.63
Treasury long-term average
(10),(11)
23 25 years and above n.a. n.a. n.a.
STATE AND LOCAL
NOTES AND BONDS
Moody's series (12)
24 Aaa 5.28 5.58 4.99
25 Baa 5.70 6.19 5.75
26 Bond Buyer series (13) 5.43 5.71 5.15
CORPORATE BONDS
27 Seasoned issues, all
industries (14) 7.45 7.98 7.49
Rating group
28 Aaa (15) 7.05 7.62 7.08
29 Aa 7.36 7.83 7.26
30 A 7.53 8.11 7.67
31 Baa 7.88 8.37 7.95
MEMO
Dividend-price ratio (16)
32 Common stocks 1.25 1.15 1.32
2002
Item Aug. Sept. Oct. Nov.
MONEY MARKET INSTRUMENTS
1 Federal funds (1),(2),(3) 1.74 1.75 1.75 1.34
2 Discount window primary
credit (2),(4) n.a. n.a. n.a. n.a.
Commercial paper
(3),(5),(6)
Nonfinancial
3 1-month 1.72 1.73 1.72 1.34
4 2-month 1.70 1.72 1.70 1.35
5 3-month 1.70 1.72 1.70 1.36
Financial
6 1-month 1.72 1.74 1.73 1.34
7 2-month 1.72 1.74 1.72 1.37
8 3-month 1.71 1.74 1.71 1.37
Certificates of deposit,
secondary market
(3),(7)
9 1-month 1.76 1.78 1.77 1.39
10 3-month 1.73 1.76 1.73 1.39
11 6-month 2.72 1.74 1.69 1.40
12 Eurodollar deposits,
3-month (3),(8) 1.72 1.75 1.73 1.39
U.S. Treasury bills
Secondary market (3),(5)
13 4-week 1.66 1.65 1.60 1.24
14 3-month 1.62 1.63 1.58 1.23
15 6-month 1.60 1.60 1.56 1.27
U.S. TREASURY NOTES
AND BONDS
Constant maturities (9)
16 1-year 1.76 1.72 1.65 1.49
17 2-year 2.13 2.00 1.91 1.92
18 3-year 2.52 2.32 2.25 2.32
19 5-year 3.29 2.94 2.95 3.05
20 7-year 3.88 3.50 3.54 3.64
21 10-year 4.26 3.87 3.94 4.05
22 20-year 5.19 4.87 5.00 5.04
Treasury long-term average
(10),(11)
23 25 years and above 5.23 4.90 5.07 5.10
STATE AND LOCAL
NOTES AND BONDS
Moody's series (12)
24 Aaa 4.78 4.58 4.66 4.77
25 Baa 5.53 5.31 5.47 5.62
26 Bond Buyer series (13) 4.95 4.74 4.88 4.95
CORPORATE BONDS
27 Seasoned issues, all
industries (14) 6.93 6.73 6.93 6.88
Rating group
28 Aaa (15) 6.37 6.15 6.15 6.32
29 Aa 6.84 6.63 6.63 6.73
30 A 6.95 6.76 6.76 6.95
31 Baa 7.58 7.40 7.40 7.73
MEMO
Dividend-price ratio (16)
32 Common stocks 1.72 1.80 1.86 1.73
2002, week
ending
Item Nov. 1 Nov. 8 Nov. 15
MONEY MARKET INSTRUMENTS
1 Federal funds (1),(2),(3) 1.79 1.70 1.21
2 Discount window borrowing
(2),(4) n.a. n.a. n.a.
Commercial paper
(3),(5),(6)
Nonfinancial
3 1-month 1.68 1.43 1.28
4 2-month 1.64 1.40 1.29
5 3-month 1.63 1.42 1.30
Financial
6 1-month 1.69 1.44 1.30
7 2-month 1.66 1.44 1.31
8 3-month 1.65 1.44 1.32
Certificates of deposit,
secondary market
(3),(7)
9 1-month 1.70 1.47 1.33
10 3-month 1.65 1.46 1.34
11 6-month 1.59 1.45 1.36
12 Eurodollar deposits,
3-month (3),(8) 1.66 1.46 1.34
U.S. Treasury bills
Secondary market (3),(5)
13 4-week 1.51 1.28 1.20
14 3-month 1.47 1.28 1.20
15 6-month 1.43 1.30 1.24
U.S. TREASURY NOTES
AND BONDS
Constant maturities (9)
16 1-year 1.51 1.46 1.46
17 2-year 1.77 1.84 1.84
18 3-year 2.14 2.21 2.21
19 5-year 2.90 2.95 2.93
20 7-year 3.54 3.55 3.51
21 10-year 4.00 4.00 3.94
22 20-year 5.07 5.03 4.94
Treasury long-term average
(10),(11)
23 25 years and above 5.16 5.12 5.00
STATE AND LOCAL
NOTES AND BONDS
Moody's series (12)
24 Aaa 4.71 4.69 4.72
25 Baa 5.50 5.49 5.55
26 Bond Buyer series (13) 4.95 4.91 4.90
CORPORATE BONDS
27 Seasoned issues, all
industries (14) 7.00 6.93 6.81
Rating group
28 Aaa (15) 6.39 6.32 6.22
29 Aa 6.78 6.72 6.64
30 A 7.02 6.95 6.82
31 Baa 7.81 7.71 7.56
MEMO
Dividend-price ratio (16)
32 Common stocks 1.77 1.71 1.79
2002, week
ending
Item Nov. 22 Nov. 29
MONEY MARKET INSTRUMENTS
1 Federal funds (1),(2),(3) 1.28 1.27
2 Discount window borrowing
(2),(4) n.a. n.a.
Commercial paper
(3),(5),(6)
Nonfinancial
3 1-month 1.28 1.30
4 2-month 1.30 1.33
5 3-month 1.33 1.33
Financial
6 1-month 1.28 1.25
7 2-month 1.32 1.33
8 3-month 1.33 1.34
Certificates of deposit,
secondary market
(3),(7)
9 1-month 1.34 1.35
10 3-month 1.36 1.36
11 6-month 1.37 1.39
12 Eurodollar deposits,
3-month (3),(8) 1.35 1.37
U.S. Treasury bills
Secondary market (3),(5)
13 4-week 1.21 1.24
14 3-month 1.20 1.21
15 6-month 1.25 1.27
U.S. TREASURY NOTES
AND BONDS
Constant maturities (9)
16 1-year 1.51 1.55
17 2-year 1.99 2.07
18 3-year 2.39 2.50
19 5-year 3.13 3.26
20 7-year 3.71 3.84
21 10-year 4.08 4.19
22 20-year 5.04 5.14
Treasury long-term average
(10),(11)
23 25 years and above 5.08 5.18
STATE AND LOCAL
NOTES AND BONDS
Moody's series (12)
24 Aaa 4.77 4.88
25 Baa 5.67 5.75
26 Bond Buyer series (13) 5.00 5.00
CORPORATE BONDS
27 Seasoned issues, all
industries (14) 6.85 6.91
Rating group
28 Aaa (15) 6.30 6.37
29 Aa 6.70 6.76
30 A 6.85 6.90
31 Baa 7.56 7.60
MEMO
Dividend-price ratio (16)
32 Common stocks 1.73 1.69
NOTE. Some of the data in this table also appear in the Board's
H.15 (519) weekly statistical release. For ordering address, see
inside front cover.
(1.) The daily effective federal funds rate is a weighted average
of rates on trades through New York brokers.
(2.) Weekly figures are averages of seven calendar days, ending on
Wednesday of the current week; monthly figures include each calendar
day in the month.
(3.) Annualized using a 360-day year or bank interest.
(4.) The rate charged for primary credit under an amendment to the
Board's Regulation A, which became effective January 9, 2003. This
rate replaces that for adjustment credit, which was discontinued
after January 8, 2003. For further information, see: http://
www.federalreserve.gov/boarddocs/press/bcreg/200210312/default.htm.
The rate is that adjustment for the Federal Reserve Bank of New York.
Historical series for the rate on adjustment credit is available
at http://www.federalreserve.gov/releases.gov/releases/h15/
data.htm.
(5.) Quoted on a discount basis.
(6.) Interest rates interpolated from data on certain commercial paper
trades settled by the Depository Trust Company. The trades represent
sales of commercial paper by dealers or direct issuers to investors
(that is, the offer side). See the Board's Commercial Paper web pages
(http://www.federalreserve.gov/releases/cp) for more information.
(7.) An average of dealer offering rates on nationally traded
certificates of deposit.
(8.) Bid rates for eurodollar deposits collected around 9:30 a.m.
Eastern time. Data are for indication purposes only.
(9.) Yields on actively traded issues adjusted to constant maturities.
(10.) Based on the unweighted average of the bid yields for all
Treasury fixed-coupon securities with remaining terms to maturity of
25 years and over.
(11.) A factor for adjusting the daily long-term average in order to
estimate a 30-year rate can be found at http://www.treas.gov/offices/
domestic-finance/debt-management/interest-rate/ltcompositeindex.html.
(12.) General obligation bonds based on Thursday figures; Moody's
Investors Service.
(13.) State and local government general obligation bonds maturing in
twenty years are used in compiling this index. The twenty-bond index
has a rating roughly equivalent to Moodys' A1 rating. Based on
Thursday figures.
(14.) Daily figures are averages of Aaa, Aa, A, and Baa yields from
Moody's Investors Service. Based on yields to maturity on selected
long-term bonds.
(15.) Effective December 7, 2001, the Moody's Aaa yield includes yields
only for industrial firms. Prior to December 7, 2001, the Aaa yield
represented both utilities and industrial.
(16.) Standard & Poor's corporate series. Common stock ratio is based
on the 500 stocks in the price index.
SOURCE: U.S. Department of the Treasury.
1.36 STOCK MARKET Selected Statistics
2002
Indicator 1999 2000 2001 Mar.
Prices and trading volume
(averages of daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange (Dec.
31, 1965 = 50) 619.52 643.71 606.03 600.74
2 Industrial 775.29 809.40 749.46 751.79
3 Transportation 491.62 414.73 444.45 490.51
4 Utility 284.82 478.99 377.72 316.25
5 Finance 530.97 552.48 596.61 609.72
6 Standard & Poor's
Corporation
(1941-43 = 10) (1) 1,327.33 1,427.22 1,194.18 1,153.79
7 American Stock
Exchange (Aug. 31,
1973 = 50) (2) 770.90 922.22 879.08 891.08
Volume of trading
(thousands of
shares)
8 New York Stock
Exchange 799,554 1,026,867 1,216,529 1,321,351
9 American Stock
Exchange 32,629 51,437 68,074 56,375
Customer financing (millions of
dollars, end-of-period balances)
10 Margin credit at
broker-dealers (3) 228,530 198,790 150,450 149,370
Free credit balances
at brokers (4)
11 Margin accounts (5) 55,130 100,680 101,640 93,700
12 Cash accounts 79,070 84,400 78,040 69,790
Margin requirements (percent
of market value and
effective date) (6)
Mar. 11, 1968 June 8, 1968
13 Margin stocks 70 80
14 Convertible bonds 50 60
15 Short sales 70 80
2002 2002
Indicator Apr. May June July
Prices and trading volume
(averages of daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange (Dec.
31, 1965 = 50) 587.58 575.75 544.36 486.11
2 Industrial 732.71 718.12 677.58 603.04
3 Transportation 470.00 459.55 449.42 416.07
4 Utility 300.57 287.10 265.21 230.21
5 Finance 610.24 603.15 577.05 524.01
6 Standard & Poor's
Corporation
(1941-43 = 10) (1) 1,112.03 1,079.27 1,014.05 903.59
7 American Stock
Exchange (Aug. 31,
1973 = 50) (2) 916.09 935.10 911.59 840.76
Volume of trading
(thousands of
shares)
8 New York Stock
Exchange 1,280,714 1,215,786 1,539,282 1,848,962
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) 150,940 150,860 146,270 136,160
Free credit balances
at brokers (4)
11 Margin accounts (5) 92,140 92,950 95,830 98,080
12 Cash accounts 68,540 66,120 68,280 68,860
Margin requirements
(percent of market value
and effective date) (6)
May 6, 1970 Dec. 6, 1971
13 Margin stocks 65 55
14 Convertible bonds 50 50
15 Short sales 65 55
2002
Indicator Aug. Sept. Oct. Nov.
Prices and trading volume
(averages of daily figures)
Common stock prices
(indexes)
1 New York Stock
Exchange (Dec.
31, 1965 = 50) 491.84 471.04 459.88 482.79
2 Industrial 611.34 589.14 574.45 597.75
3 Transportation 409.96 388.19 383.41 405.03
4 Utility 225.52 210.76 207.83 229.41
5 Finance 533.60 506.05 494.06 523.50
6 Standard & Poor's
Corporation
(1941-43 = 10) (1) 912.55 867.81 854.63 909.93
7 American Stock
Exchange (Aug. 31,
1973 = 50) (2) 843.89 852.03 807.38 820.62
Volume of trading
(thousands of
shares)
8 New York Stock
Exchange 1,317,105 1,370,143 1,619,896 1,427,254
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) 132,800 130,210 130,570 133,060
Free credit balances
at brokers (4)
11 Margin accounts (5) 95,400 98,630 96,620 91,240
12 Cash accounts 63,700 67,550 66,780 67,380
Margin requirements (percent
of market value and
effective date) (6)
Nov. 24, 1972 Jan. 3, 1974
13 Margin stocks 65 50
14 Convertible bonds 50 50
15 Short sales 65 50
(1.) In July 1976 a financial group, composed of banks and insurance
companies, was added to the group of stocks on which the index is
based. The index is now based on 400 industrial stocks (formerly 425),
20 transportation (formerly 15 rail), 40 public utility (formerly 60),
and 40 financial.
(2.) On July 5, 1983, the American Stock Exchange rebased its index,
effectively cutting previous readings in half.
(3.) Since July 1983, under the revised Regulation T, margin credit at
broker-dealers has included credit extended against stocks, convertible
bonds, stocks acquired through the exercise of subscription rights,
corporate bonds, and government securities. Separate reporting of data
for margin stocks, convertible bonds, and subscription issues was
discontinued in April 1984.
(4.) Free credit balances are amounts in accounts with no unfulfilled
commitments to brokers and are subject to withdrawal by customers on
demand.
(5.) Series initiated in June 1984.
(6.) Margin requirements, stated in regulations adopted by the Board
of Governors pursuant to the Securities Exchange Act of 1934, limit
the amount of credit that can be used to purchase and carry "margin
securities" (as defined in the regulations) when such credit is
collateralized by securities. Margin requirements on securities are
the difference between the market value (100 percent) and the maximum
loan value of collateral as prescribed by the Board. Regulation T was
adopted effective Oct. 15, 1934; Regulation U, effective May 1, 1936;
Regulation G, effective Mar. 11, 1968; and Regulation X, effective
Nov. 1, 1971.
On Jan. 1, 1977, the Board of Governors for the first time established
in Regulation T the initial margin required for writing options on
securities, setting it at 30 percent of the current market value of
the stock underlying the option. On Sept. 30, 1985, the Board changed
the required initial margin, allowing it to be the same as the option
maintenance margin required by the appropriate exchange or
self-regulatory organization; such maintenance margin rules must be
approved by the Securities and Exchange Commission.
Federal Finance
1.40 FEDERAL DEBT SUBJECT TO STATUTORY LIMITATION
Billions of dollars, end of month
2000 2001
Item Sept. 30 Dec. 31 Mar. 31
1 Federal debt outstanding 5,701.9 5,803.5 5,800.6
2 Public debt securities 5,674.2 5,662.2 5,773.7
3 Held by public 3,438.5 3,527.4 3,434.4
4 Held by agencies 2,235.7 2,248.7 2,339.4
5 Agency securities 27.7 27.4 26.8
6 Held by public 27.6 27.3 26.8
7 Held by agencies .1 .1 .1
8 Debt subject to statutory limit 5,591.6 5,580.5 5,692.5
9 Public debt securities 5,591.4 5,580.2 5,692.3
10 Other debt (1) .2 .2 .2
MEMO
11 Statutory debt limit 5,950.0 5,950.0 5,950.0
2001
Item June 30 Sept. 30 Dec. 31
1 Federal debt outstanding 5,753.9 5,834.5 5,970.3
2 Public debt securities 5,726.8 5,807.5 5,943.4
3 Held by public 3,274.2 3,338.7 3,393.8
4 Held by agencies 2,452.6 2,468.8 2,549.7
5 Agency securities 27.1 27.0 26.8
6 Held by public 27.1 27.0 26.8
7 Held by agencies .0 .0 .0
8 Debt subject to statutory limit 5,645.0 5,732.6 5,871.4
9 Public debt securities 5,644.8 5,732.4 5,871.2
10 Other debt (1) .2 .2 .3
MEMO
11 Statutory debt limit 5,950.0 5,950.0 5,950.0
2002
Item Mar. 31 June 30 Sept. 30
1 Federal debt outstanding 6,032.4 6,153.3 6,255.4
2 Public debt securities 6,006.0 6,126.5 6,228.2
3 Held by public 3,443.7 3,463.5 3,552.6
4 Held by agencies 2,562.4 2,662.9 2,675.6
5 Agency securities 26.4 26.8 27.2
6 Held by public 26.4 26.8 27.2
7 Held by agencies .0 .0 .0
8 Debt subject to statutory limit 5,935.1 6,058.3 6,161.4
9 Public debt securities 5,935.0 6,058.1 6,161.1
10 Other debt (1) .2 .2 .3
MEMO
11 Statutory debt limit 5,950.0 6,400.0 6,400.0
(1.) Consists of guaranteed debt of U.S. Treasury and other federal
agencies, specified participation certificates, notes to international
lending organizations, and District of Columbia stadium bonds.
SOURCE. U.S. Department of the Treasury, Monthly Statement of the
Public Debt of the United States and Monthly Treasury Statement.
1.41 GROSS PUBLIC DEBT OF U.S. TREASURY Types and Ownership
Billions of dollars, end of period
Type and holder 1998 1999 2000 2001
1 Total gross public debt 5,614.2 5,776.1 5,662.2 5,943.4
By type
2 Interest-bearing 5,605.4 5,766.1 5,618.1 5,930.8
3 Marketable 3,355.5 3,281.0 2,966.9 2,982.9
4 Bills 691.0 737.1 646.9 811.3
5 Notes 1,960.7 1,784.5 1,557.3 1,413.9
6 Bonds 621.2 643.7 626.5 602.7
7 Inflation-indexed notes
and bonds (1) 67.6 100.7 121.2 140.1
8 Nonmarketable (2) 2,249.9 2,485.1 2,651.2 2,947.9
9 State and local
government series 165.3 165.7 151.0 146.3
10 Foreign issues (3) 34.3 31.3 27.2 15.4
11 Government 34.3 31.3 27.2 15.4
12 Public .0 .0 .0 .0
13 Savings bonds and notes 180.3 179.4 176.9 181.5
14 Government account
series (4) 1,840.0 2,078.7 2,266.1 2,574.8
15 Non-interest-bearing 8.8 10.0 44.2 12.7
By holder (5)
16 U.S. Treasury and other
federal agencies and
trust funds 1,828.1 2,064.2 2,270.1 2,572.2
17 Federal Reserve Banks (6) 452.1 478.0 511.7 551.7
18 Private investors 3,334.0 3,233.9 2,880.4 2,819.5
19 Depository institutions 237.3 248.7 201.5 181.5
20 Mutual funds 253.9 228.6 220.8 257.5
21 Insurance companies 141.7 123.4 110.2 105.7
22 State and local
treasuries (7) 269.3 266.8 236.2 256.5
Individuals
23 Savings bonds 186.6 186.4 184.8 190.3
24 Pension funds 330.2 321.0 304.1 281.6
25 Private 112.5 109.8 108.4 104.2
26 State and Local 217.7 211.2 195.7 177.4
27 Foreign and
international (8) 1,278.7 1,268.7 1,034.2 1,053.1
28 Other miscellaneous
investors (7),(9) 636.3 589.8 587.7 494.1
2001 2002
Type and holder Q4 Q1 Q2 Q3
1 Total gross public debt 5,943.4 6,006.0 6,126.5 6,228.2
By type
2 Interest-bearing 5,930.8 5,962.2 6,087.0 6,216.3
3 Marketable 2,982.9 3,003.3 3,024.8 3,136.6
4 Bills 811.3 834.4 822.5 868.3
5 Notes 1,413.9 1,411.7 1,446.9 1,521.5
6 Bonds 602.7 596.7 592.9 592.9
7 Inflation-indexed notes
and bonds (1) 140.1 145.6 147.5 138.9
8 Nonmarketable (2) 2,947.9 2,958.9 3,062.2 3,079.6
9 State and local
government series 146.3 141.1 142.8 144.3
10 Foreign issues (3) 15.4 14.6 13.3 12.5
11 Government 15.4 14.6 13.3 12.5
12 Public .0 .0 .0 .0
13 Savings bonds and notes 181.5 183.6 184.8 185.6
14 Government account
series (4) 2,574.8 2,589.7 2,691.4 2,707.3
15 Non-interest-bearing 12.7 43.8 39.5 12.0
By holder (5)
16 U.S. Treasury and other
federal agencies and
trust funds 2,572.2 2,581.4 2,686.0 2,701.3
17 Federal Reserve Banks (6) 551.7 575.4 590.7 604.2
18 Private investors 2,819.5 2,849.2 2,849.8 2,924.8
19 Depository institutions 181.5 187.6 204.4 210.5
20 Mutual funds 257.5 264.9 250.0 252.4
21 Insurance companies 105.7 108.4 110.3 115.4
22 State and local
treasuries (7) 256.5 261.2 271.7 269.4
Individuals
23 Savings bonds 190.3 191.9 192.7 193.3
24 Pension funds 281.6 293.3 286.0 283.4
25 Private 104.2 106.3 108.8 110.9
26 State and Local 177.4 187.0 177.2 172.5
27 Foreign and
international (8) 1,053.1 1,055.7 1,071.3 1,133.7
28 Other miscellaneous
investors (7),(9) 494.1 487.7 451.9 n.a.
(1.) The U.S. Treasury first issued inflation-indexed securities during
the first quarter of 1997.
(2.) Includes (not shown separately) securities issued to the Rural
Electrification Administration, depository bonds, retirement plan
bonds, and individual retirement bonds.
(3.) Nonmarketable series denominated in dollars, and series
denominated in foreign currency held by foreigners.
(4.) Held almost entirely by U.S. Treasury and other federal agencies
and trust funds.
(5.) Data for Federal Reserve Banks and U.S. government agencies and
trust funds are actual holdings; data for other groups are Treasury
estimates.
(6.) U.S. Treasury securities bought outright by Federal Reserve
Banks, see Bulletin table 1.18.
(7.) In March 1996, in a redefinition of series, fully defeased debt
backed by nonmarketable federal securities was removed from "Other
miscellaneous investors" and added to "State and local treasuries."
The data shown here have been revised accordingly.
(8.) Includes nonmarketable foreign series Treasury securities and
Treasury deposit funds. Excludes Treasury securities held under
repurchase agreements in custody accounts at the Federal Reserve
Bank of New York.
(9.) Includes individuals, government-sponsored enterprises, brokers
and dealers, bank personal trusts and estates, corporate and
noncorporate businesses, and other investors.
SOURCES. Data by type of security, U.S. Treasury Department, Monthly
Statement of the Public Debt of the United States; data by holder,
Federal Reserve Board of Governors, Flow of Funds Accounts of the
United States and U.S. Treasury Department, Treasury Bulletin,
unless otherwise noted.
1.42 U.S. GOVERNMENT SECURITIES DEALERS Transactions (1)
Millions of dollars, daily averages
2002,
week
2002 ending
Item Aug. Sept. Oct. Oct. 2
By type of security
1 U.S. Treasury bills 44,257 46,861 44,804 48,782
Treasury coupon
securities by
maturity
2 Three years or less 130,594 133,211 133,181 129,102
3 More than three but
less than or equal
to six years 109,759 106,075 114,643 117,689
4 More than six but less
than or equal to
eleven years 89,647 83,783 99,139 97,184
5 More than eleven 19,554 22,090 21,405 23,326
6 Inflation-indexed (2) 2,042 2,439 4,122 2,472
Federal agency and
government-sponsored
enterprises
7 Discount notes 50,486 49,573 50,271 55,793
Coupon securities by
maturity
8 Three years or less 12,894 11,389 11,841 9,523
9 More than three
years but less
than or equal to
six years 8,920 10,317 9,301 11,540
10 More than six years
but less than or
equal to eleven
years 7,018 7,337 6,776 8,538
11 More than eleven
years 1,081 1,147 1,325 1,456
12 Mortgage-backed 158,250 186,023 191,937 194,705
Corporate securities
13 One year or less 105,549 106,097 101,115 100,334
14 More than one year 15,327 18,433 16,294 18,063
By type of counterparty
With interdealer broker
15 U.S. Treasury 181,302 184,949 197,089 195,307
16 Federal agency and
government-sponsored
enterprises 10,840 10,217 10,473 10,594
17 Mortgage-backed 48,029 58,896 55,734 63,318
18 Corporate 308 373 387 441
With other
19 U.S. Treasury 212,551 209,510 220,204 223,249
20 Federal agency and
government-sponsored
enterprises 69,560 69,548 69,041 76,258
21 Mortgage-backed 110,221 127,127 136,203 131,387
22 Corporate 120,568 124,156 117,956 117,956
2002, week ending
Item Oct. 9 Oct. 16 Oct. 23 Oct. 30
By type of security
1 U.S. Treasury bills 46,133 46,096 37,637 47,376
Treasury coupon
securities by
maturity
2 Three years or less 110,546 114,032 161,122 144,196
3 More than three but
less than or equal
to six years 97,410 133,110 115,010 109,668
4 More than six but less
than or equal to
eleven years 82,041 110,480 111,082 92,675
5 More than eleven 20,213 24,985 20,061 20,452
6 Inflation-indexed (2) 5,454 5,235 3,086 3,737
Federal agency and
government-sponsored
enterprises
7 Discount notes 49,593 50,278 49,441 48,678
Coupon securities by
maturity
8 Three years or less 8,984 13,766 11,005 14,536
9 More than three
years but less
than or equal to
six years 8,020 12,815 9,633 6,829
10 More than six years
but less than or
equal to eleven
years 7,478 9,933 5,441 4,228
11 More than eleven
years 762 2,094 1,737 831
12 Mortgage-backed 236,630 231,723 180,011 131,645
Corporate securities
13 One year or less 92,462 109,605 107,194 95,235
14 More than one year 15,026 15,582 15,010 17,405
By type of counterparty
With interdealer broker
15 U.S. Treasury 168,517 205,589 215,950 194,377
16 Federal agency and
government-sponsored
enterprises 9,166 11,081 10,548 11,031
17 Mortgage-backed 69,669 63,387 48,751 42,141
18 Corporate 406 293 375 431
With other
19 U.S. Treasury 193,281 228,349 232,047 223,726
20 Federal agency and
government-sponsored
enterprises 65,670 77,805 66,710 64,073
21 Mortgage-backed 166,961 168,336 131,260 89,504
22 Corporate 107,082 124,894 121,828 112,208
2002, week ending
Item Nov. 6 Nov. 13 Nov. 20 Nov. 27
By type of security
1 U.S. Treasury bills 48,003 54,630 43,156 48,074
Treasury coupon
securities by
maturity
2 Three years or less 136,338 156,502 117,133 159,943
3 More than three but
less than or equal
to six years 143,887 121,503 122,395 95,173
4 More than six but less
than or equal to
eleven years 115,775 118,456 90,931 78,117
5 More than eleven 20,685 26,370 21,121 16,598
6 Inflation-indexed (2) 3,410 2,408 2,531 2,325
Federal agency and
government-sponsored
enterprises
7 Discount notes 54,698 55,383 52,351 45,143
Coupon securities by
maturity
8 Three years or less 13,776 15,684 12,861 10,072
9 More than three
years but less
than or equal to
six years 7,877 8,577 11,565 8,094
10 More than six years
but less than or
equal to eleven
years 6,523 5,178 9,563 7,661
11 More than eleven
years 1,202 1,378 1,031 1,377
12 Mortgage-backed 164,887 287,422 211,256 131,296
Corporate securities
13 One year or less 110,984 119,849 120,220 101,266
14 More than one year 22,812 19,890 22,993 24,053
By type of counterparty
With interdealer broker
15 U.S. Treasury 228,772 228,274 186,794 192,175
16 Federal agency and
government-sponsored
enterprises 11,172 10,763 10,705 8,175
17 Mortgage-backed 43,165 71,907 52,025 34,248
18 Corporate 394 307 562 428
With other
19 U.S. Treasury 239,325 251,594 210,472 208,055
20 Federal agency and
government-sponsored
enterprises 72,904 75,437 76,666 64,172
21 Mortgage-backed 121,722 215,515 159,231 97,048
22 Corporate 133,403 139,431 142,651 124,892
NOTE. Major changes in the report form filed by primary dealers
induced a break in the dealer data series as of the week ending
July 4, 2001. Current weekly data may be found at the Federal
Reserve Bank of New York web site (http:www.newyorkfed.org/
pihome/statistics) under the Primary Dealer heading.
(1.) The figures represent purchases and sales in the market by the
primary U.S. government securities dealers reporting to the Federal
Reserve Bank of New York. Outright transactions include all U.S.
government, federal agency, government-sponsored enterprise,
mortgage-backed, and corporate securities scheduled for immediate
and forward delivery, as well as all U.S. government securities
traded on a when-issued basis between the announcement and issue
date. Data do not include transactions under repurchase and reverse
repurchase (resale) agreements. Averages are based on the number of
trading days in the week.
(2.) Outright Treasury inflation-indexed securities (TIIS) transactions
are reported at principal value, excluding accrued interest, where
principal value reflects the original issuance par amount (unadjusted
for inflation) times the price times the index ratio.
1.43 U.S. GOVERNMENT SECURITIES DEALERS Positions and Financing (1)
Millions of dollars
2002,
2002 week
ending
Item, by
type of security Aug. Sept. Oct. Oct. 2
Net outright positions (2)
1 U.S. Treasury bills 11,225 8,379 12,301 6,425
Treasury coupon
securities
by maturity
2 Three years or
less -22,358 -17,680 -25,208 -23,319
3 More than three
years but less
than or equal
to six years -31,298 -35,388 -35,886 -34,548
4 More than six but
less than or
equal to eleven
years -10,829 -15,420 -13,591 -15,273
5 More than eleven 9,542 9,083 6,885 8,257
6 Inflation-indexed 1,615 1,239 2,260 1,109
Federal agency and
government-
sponsored
enterprises
7 Discount notes 49,090 49,345 51,159 53,403
Coupon
securities,
by maturity
8 Three years or
less 14,220 14,031 16,704 15,165
9 More than three
years but
less than
or equal
to six years 3,172 1,826 785 1,324
10 More than six
but less than
or equal to
eleven years 2,805 2,242 2,717 2,850
11 More than eleven 2,197 2,303 2,252 2,259
12 Mortgage-backed 19,408 16,667 15,565 12,181
Corporate
securities
13 One year or less 25,138 23,363 24,010 23,169
14 More than one
year 47,631 48,908 51,861 53,129
Financing (3)
Securities in, U.S.
Treasury
15 Overnight and
continuing 621,728 627,852 619,723 634,437
16 Term 851,220 904,116 905,616 831,371
Federal agency and
government-
sponsored
enterprises
17 Overnight and
continuing 152,003 156,069 157,351 158,294
18 Term 297,317 306,858 314,993 311,400
Mortgage-backed
securities
19 Overnight and
continuing 43,387 44,642 41,613 39,116
20 Term 272,722 278,235 280,317 270,040
Corporate
securities
21 Overnight and
continuing 51,730 50,351 49,081 48,930
22 Term 23,156 25,606 26,306 25,447
MEMO
Reverse repurchase
agreements
23 Overnight and
continuing 461,682 477,054 465,644 480,515
24 Term 1,296,922 1,363,411 1,366,558 1,284,812
Securities out,
U.S. Treasury
25 Overnight and
continuing 584,373 596,372 565,825 592,224
26 Term 791,145 829,047 837,262 759,544
Federal agency and
government-
sponsored
enterprises
27 Overnight and
continuing 279,430 279,838 292,282 278,646
28 Term 225,030 237,666 235,801 241,750
Mortgage-backed
securities
29 Overnight and
continuing 314,045 303,749 319,058 305,561
30 Term 171,418 176,871 172,948 161,289
Corporate
securities
31 Overnight and
continuing 131,536 127,796 132,186 128,853
32 Term 18,074 19,734 23,097 20,011
MEMO
Repurchase
agreements
33 Overnight and
continuing 1,148,724 1,150,894 1,147,149 1,140,786
34 Term 1,176,213 1,231,403 1,232,858 1,146,680
2002, week ending
Item, by
type of security Oct. 9 Oct. 16 Oct. 23 Oct. 30
Net outright positions (2)
1 U.S. Treasury bills 4,735 9,987 15,831 19,761
Treasury coupon
securities
by maturity
2 Three years or
less -26,712 -33,528 -22,182 -19,784
3 More than three
years but less
than or equal
to six years -36,408 -32,265 -34,742 -41,066
4 More than six but
less than or
equal to eleven
years -18,442 -12,612 -11,724 -11,316
5 More than eleven 7,216 8,455 7,949 4,297
6 Inflation-indexed 2,554 3,071 3,466 566
Federal agency and
government-
sponsored
enterprises
7 Discount notes 51,373 49,694 50,665 52,944
Coupon
securities,
by maturity
8 Three years or
less 17,626 17,312 14,869 17,635
9 More than three
years but
less than
or equal
to six years 1,276 1,325 1,068 -320
10 More than six
but less than
or equal to
eleven years 3,637 2,860 2,405 2,217
11 More than eleven 1,814 2,235 2,381 2,482
12 Mortgage-backed 6,391 37,239 10,876 8,997
Corporate
securities
13 One year or less 20,855 27,145 23,943 24,644
14 More than one
year 55,857 54,307 48,299 48,561
Financing (3)
Securities in, U.S.
Treasury
15 Overnight and
continuing 649,969 629,323 602,931 589,729
16 Term 884,922 892,184 907,593 954,104
Federal agency and
government-
sponsored
enterprises
17 Overnight and
continuing 158,970 159,739 154,666 156,398
18 Term 328,501 301,079 309,992 321,660
Mortgage-backed
securities
19 Overnight and
continuing 41,306 35,322 45,391 42,430
20 Term 278,470 276,023 288,415 283,536
Corporate
securities
21 Overnight and
continuing 48,760 49,215 49,683 48,740
22 Term 26,196 26,153 26,326 26,681
MEMO
Reverse repurchase
agreements
23 Overnight and
continuing 481,214 475,331 447,086 450,481
24 Term 1,359,926 1,334,015 1,372,666 1,419,579
Securities out,
U.S. Treasury
25 Overnight and
continuing 596,345 566,545 551,031 540,078
26 Term 809,044 817,589 849,039 889,161
Federal agency and
government-
sponsored
enterprises
27 Overnight and
continuing 284,135 288,322 298,331 303,501
28 Term 251,219 224,496 229,034 236,777
Mortgage-backed
securities
29 Overnight and
continuing 307,956 334,464 332,450 306,332
30 Term 17,096 170,989 184,765 170,392
Corporate
securities
31 Overnight and
continuing 127,251 135,297 131,662 135,430
32 Term 21,437 22,818 24,299 24,791
MEMO
Repurchase
agreements
33 Overnight and
continuing 1,146,590 1,165,697 1,155,106 1,122,791
34 Term 1,218,693 1,199,461 1,249,778 1,283,897
2002, week ending
Item, by
type of security Nov. 6 Nov. 13 Nov. 20
Net outright positions (2)
1 U.S. Treasury bills 16,287 25,352 25,046
Treasury coupon
securities
by maturity
2 Three years or
less -19,378 -27,268 -27,545
3 More than three
years but less
than or equal
to six years -31,991 -28,074 -31,684
4 More than six but
less than or
equal to eleven
years -12,125 -11,665 -17,696
5 More than eleven 1,489 1,131 1,607
6 Inflation-indexed 228 720 927
Federal agency and
government-
sponsored
enterprises
7 Discount notes 46,402 57,549 46,692
Coupon
securities,
by maturity
8 Three years or
less 15,400 16,319 17,292
9 More than three
years but
less than
or equal
to six years -1,764 -1,279 -307
10 More than six
but less than
or equal to
eleven years 690 1,793 2,954
11 More than eleven 2,898 3,074 3,309
12 Mortgage-backed 13,629 2,417 11,891
Corporate
securities
13 One year or less 21,861 27,588 22,072
14 More than one
year 52,254 46,335 52,631
Financing (3)
Securities in, U.S.
Treasury
15 Overnight and
continuing 638,874 623,270 649,316
16 Term 939,740 675,976 880,011
Federal agency and
government-
sponsored
enterprises
17 Overnight and
continuing 152,871 160,910 144,090
18 Term 313,358 327,393 307,624
Mortgage-backed
securities
19 Overnight and
continuing 60,626 55,376 48,869
20 Term 264,648 275,969 281,206
Corporate
securities
21 Overnight and
continuing 48,855 49,599 51,008
22 Term 26,499 26,621 26,175
MEMO
Reverse repurchase
agreements
23 Overnight and
continuing 495,162 478,104 479,639
24 Term 1,390,367 1,451,324 1,348,935
Securities out,
U.S. Treasury
25 Overnight and
continuing 578,135 580,756 616,134
26 Term 882,193 913,939 814,690
Federal agency and
government-
sponsored
enterprises
27 Overnight and
continuing 283,435 300,538 272,542
28 Term 235,654 249,153 239,956
Mortgage-backed
securities
29 Overnight and
continuing 311,270 310,033 335,515
30 Term 158,121 158,107 189,453
Corporate
securities
31 Overnight and
continuing 132,565 137,006 135,343
32 Term 22,574 20,808 20,297
MEMO
Repurchase
agreements
33 Overnight and
continuing 1,148,750 1,170,074 1,193,299
34 Term 1,262,433 1,305,156 1,234,632
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) 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).
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 May June
1 Federal and federally
sponsored agencies 2,121,057 2,150,724 2,161,580
2 Federal agencies 276 208 223
3 Defense Department (1) 6 6 6
4 Export-Import Bank
(2),(3) n.a. n.a. n.a.
5 Federal Housing
Administration (4) 26,828 26,450 26,826
6 Government National
Mortgage Association
certificates of
participation (5) n.a. n.a. n.a.
7 Postal Service (6) n.a. n.a. n.a.
8 Tennessee Valley
Authority 270 202 217
9 United States Railway
Association (6) n.a. n.a. n.a.
10 Federally sponsored
agencies (7) 2,120,781 2,195,630 (r) 2,207,212 (r)
11 Federal Home Loan
Banks 623,740 640,222 643,102
12 Federal Home Loan
Mortgage Corporation 565,071 601,037 601,363
13 Federal National
Mortgage Association 763,500 782,000 789,000
14 Farm Credit Banks (8) 76,673 80,258 80,951
15 Student Loan Marketing
Association (9) 48,350 48,900 49,600
16 Financing Corporation
(10) 8,170 8,170 8,170
17 Farm Credit Financial
Assistance
Corporation (11) 1,261 1,261 1,261
18 Resolution Funding
Corporation (12) 29,996 29,996 29,996
MEMO
19 Federal Financing Bank
debt (13) 39,096 37,175 37,091
Lending to federal and
federally sponsored
agencies
20 Export-Import Bank (3) n.a. n.a. n.a.
21 Postal Service (6) n.a. n.a. n.a.
22 Student Loan Marketing
Association n.a. n.a. n.a.
23 Tennessee Valley
Authority n.a. n.a. n.a.
24 United States Railway
Association (6) n.a. n.a. n.a.
Other lending (14)
25 Farmers Home
Administration n.a. n.a. n.a.
26 Rural Electrification
Administration 13,876 14,184 14,301
27 Other 25,220 22,991 22,790
2002
Agency July Aug. Sept.
1 Federal and federally
sponsored agencies 2,213,366 2,226,713 n.a.
2 Federal agencies 223 164 304
3 Defense Department (1) 6 6 6
4 Export-Import Bank
(2),(3) n.a. n.a. n.a.
5 Federal Housing
Administration (4) 26,541 26,274 27,170
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 217 158 298
9 United States Railway
Association (6) n.a. n.a. n.a.
10 Federally sponsored
agencies (7) 2,213,143 2,226,549 n.a.
11 Federal Home Loan
Banks 651,253 659,258 668,703
12 Federal Home Loan
Mortgage Corporation 604,853 603,135 623,267
13 Federal National
Mortgage Association 784,020 789,900 800,300
14 Farm Credit Banks (8) 81,265 81,658 82,741
15 Student Loan Marketing
Association (9) 48,500 49,500 50,800
16 Financing Corporation
(10) 8,170 8,170 8,170
17 Farm Credit Financial
Assistance
Corporation (11) 1,261 1,261 1,261
18 Resolution Funding
Corporation (12) 29,996 29,996 29,996
MEMO
19 Federal Financing Bank
debt (13) 37,830 42,825 39,604
Lending to federal and
federally sponsored
agencies
20 Export-Import Bank (3) n.a. n.a. n.a.
21 Postal Service (6) n.a. n.a. n.a.
22 Student Loan Marketing
Association n.a. n.a. n.a.
23 Tennessee Valley
Authority n.a. n.a. n.a.
24 United States Railway
Association (6) n.a. n.a. n.a.
Other lending (14)
25 Farmers Home
Administration n.a. n.a. n.a.
26 Rural Electrification
Administration 14,338 13,599 14,029
27 Other 23,492 29,226 25,575
(1.) Consists of mortgages assumed by the Defense Department between
1957 and 1963 under family housing and homeowners assistance programs.
(2.) Includes participation certificates reclassified as debt
beginning Oct. 1, 1976.
(3.) On-budget since Sept. 30, 1976.
(4.) Consists of debentures issued in payment of Federal Housing
Administration insurance claims. Once issued, these securities
may be sold privately on the securities market.
(5.) Certificates of participation issued before fiscal year 1969 by
the Government National Mortgage Association acting as trustee for
the Farmers Home Administration; the Department of Health, Education,
and Welfare; the Department of Housing and Urban Development; the
Small Business Administration; and the Veterans Administration.
(6.) Off-budget.
(7.) Includes outstanding noncontingent liabilities: notes, bonds, and
debentures. Includes Federal Agriculture Mortgage Corporation;
therefore, details do not sum to total. Some data are estimated.
(8.) Excludes borrowing by the Farm Credit Financial Assistance
Corporation, which is shown on line 17.
(9.) Before late 1982, the association obtained financing through
the Federal Financing Bank (FFB). Borrowing excludes that
obtained from the FFB, which is shown on line 22.
(10.) The Financing Corporation, established in August 1987 to
recapitalize the Federal Savings and Loan Insurance Corporation,
undertook its first borrowing in October 1987.
(11.) The Farm Credit Financial Assistance Corporation, established
in January 1988 to provide assistance to the Farm Credit System,
undertook its first borrowing in July 1988.
(12.) The Resolution Funding Corporation, established by the Financial
Institutions Reform, Recovery, and Enforcement Act of 1989, undertook
its first borrowing in October 1989.
(13.) The FFB, which began operations in 1974, is authorized to
purchase or sell obligations issued, sold, or guaranteed by
other federal agencies. Because FFB incurs debt solely for the
purpose of lending to other agencies, its debt is not included
in the main portion of the table to avoid double counting.
(14.) Includes FFB purchases of agency assets and guaranteed loans;
the latter are loans guaranteed by numerous agencies, with the
amounts guaranteed by any one agency generally being small. The
Farmers Home Administration entry consists exclusively of agency
assets, whereas the Rural Electrification Administration entry
consists of both agency assets and guaranteed loans.
Securities Markets and Corporate Finance
1.45 NEW SECURITY ISSUES Tax-Exempt State and Local Governments
Millions of dollars
2002
Type of issue or issuer,
or use 1999 2000 2001 Apr.
1 All issues, new and
refunding (1) 215,427 180,403 270,566 23,261
By type of issue
2 General obligation 73,308 64,475 100,519 8,559
3 Revenue 142,120 115,928 170,047 14,702
By type of issuer
4 State 16,376 19,944 30,099 3,057
5 Special district or statutory
authority (2) 152,418 111,695 179,427 15,520
6 Municipality, county, or
township 46,634 39,273 61,040 4,683
7 Issues for new capital 161,065 154,257 192,161 17,115
By use of proceeds
8 Education 36,563 38,665 50,054 5,279
9 Transportation 17,394 19,730 21,411 773
10 Utilities and conservation 15,098 11,917 21,917 2,091
11 Social welfare n.a. n.a. n.a. n.a.
12 Industrial aid 9,099 7,122 6,607 344
13 Other purposes 47,896 47,309 55,733 6,784
2002
Type of issue or issuer,
or use May June July Aug.
1 All issues, new and
refunding (1) 32,858 36,315 25,771 28,918
By type of issue
2 General obligation 10,446 16,166 10,130 10,226
3 Revenue 22,413 20,149 15,642 18,692
By type of issuer
4 State 1,531 3,718 3,404 3,472
5 Special district or statutory
authority (2) 23,866 27,283 16,007 20,144
6 Municipality, county, or
township 7,461 5,315 6,361 5,302
7 Issues for new capital 20,663 23,727 19,189 19,392
By use of proceeds
8 Education 6,027 7,060 4,205 3,968
9 Transportation 1,795 3,351 3,251 4,413
10 Utilities and conservation 1,785 1,087 1,660 2,806
11 Social welfare n.a. n.a. n.a. n.a.
12 Industrial aid 614 631 760 283
13 Other purposes 6,962 7,653 5,893 6,537
2002
Type of issue or issuer,
or use Sept. Oct. Nov.
1 All issues, new and
refunding (1) 27,313 40,150 33,101
By type of issue
2 General obligation 9,562 16,075 8,159
3 Revenue 17,751 24,074 24,942
By type of issuer
4 State 2,442 4,199 2,109
5 Special district or statutory
authority (2) 19,105 29,273 25,422
6 Municipality, county, or
township 5,767 6,678 5,570
7 Issues for new capital 15,022 27,718 24,384
By use of proceeds
8 Education 3,529 5,209 3,743
9 Transportation 1,398 1,476 1,250
10 Utilities and conservation 2,038 6,922 8,379
11 Social welfare n.a. n.a. n.a.
12 Industrial aid 574 1,225 821
13 Other purposes 5,597 6,996 7,189
(1.) Par amounts of long-term issues based on date of sale.
(2.) Includes school districts.
SOURCE. Securities Data Company beginning January 1990;
Investment Dealer's Digest before then.
1.46 NEW SECURITY ISSUES U.S. Corporations
Millions of dollars
Type of issue,
offering, or issuer 1999 2000 2001
1 All issues (1) 1,105,535 (r) 1,079,727 (r) 1,541,809 (r)
2 Bonds (2) 973,967 (r) 944,810 (r) 1,413,255 (r)
By type of offering
3 Sold in the United
States 851,352 (r) 822,012 (r) 1,356,866 (r)
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 302,256 (r) 258,804 (r) 459,560 (r)
7 Financial 671,711 (r) 686,006 (r) 953,695 (r)
8 Stocks (3) 242,941 312,689 231,288
By type of offering
9 Public 131,568 134,917 128,554
10 Private placement
(4) 111,373 177,772 102,734
By industry group
11 Nonfinancial 110,284 118,369 77,577
12 Financial 21,284 16,548 50,977
2002
Type of issue,
offering, or issuer Mar. Apr. May
1 All issues (1) 176,202 (r) 116,952 (r) 123,894 (r)
2 Bonds (2) 163,282 (r) 106,416 (r) 114,932 (r)
By type of offering
3 Sold in the United
States 145,325 (r) 101,427 (r) 105,070 (r)
4 Sold abroad 17,958 4,989 9,862
MEMO
5 Private placements,
domestic 0 0 4,506
By industry group
6 Nonfinancial 44,129 (r) 35,741 (r) 19,804 (r)
7 Financial 119,154 (r) 70,675 (r) 95,128 (r)
8 Stocks (3) 12,920 10,536 8,962
By type of offering
9 Public 12,920 10,536 8,962
10 Private placement
(4) n.a. n.a. n.a.
By industry group
11 Nonfinancial 4,893 7,834 6,633
12 Financial 8,027 2,702 2,329
2002
Type of issue,
offering, or issuer June July Aug.
1 All issues (1) 149,753 (r) 68,426 (r) 97,665 (r)
2 Bonds (2) 133,217 (r) 63,912 (r) 93,659 (r)
By type of offering
3 Sold in the United
States 121,491 (r) 60,549 (r) 90,215 (r)
4 Sold abroad 11,725 3,362 3,444
MEMO
5 Private placements,
domestic 3,068 0 0
By industry group
6 Nonfinancial 27,693 (r) 7,624 (r) 14,960 (r)
7 Financial 105,524 (r) 56,288 (r) 78,699 (r)
8 Stocks (3) 16,536 4,514 4,006
By type of offering
9 Public 16,536 4,514 4,006
10 Private placement
(4) n.a. n.a. n.a.
By industry group
11 Nonfinancial 11,608 1,833 539
12 Financial 4,928 2,681 3,467
2002
Type of issue,
offering, or issuer Sept. Oct.
1 All issues (1) 135,176 (r) 93,439
2 Bonds (2) 127,881 (r) 85,606
By type of offering
3 Sold in the United
States 123,449 (r) 81,409
4 Sold abroad 4,432 4,197
MEMO
5 Private placements,
domestic 65 0
By industry group
6 Nonfinancial 19,988 (r) 14,906
7 Financial 107,893 (r) 70,700
8 Stocks (3) 7,295 7,833
By type of offering
9 Public 7,295 7,833
10 Private placement
(4) n.a. n.a.
By industry group
11 Nonfinancial 2,754 3,731
12 Financial 4,541 4,102
(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 Apr. May
1 Sales of own shares
(2) 2,279,315 1,806,474 164,504 154,987
2 Redemptions of own
shares 2,057,277 1,677,266 140,524 138,052
3 Net sales (3) 222,038 129,208 23,980 16,935
4 Assets (4) 5,123,747 4,689,624 4,704,886 4,693,928
5 Cash (5) 277,386 219,620 249,078 243,755
6 Other 4,846,361 4,470,004 4,455,808 4,450,173
2002
Item June July Aug. Sept.
1 Sales of own shares
(2) 138,520 170,946 151,136 125,408
2 Redemptions of own
shares 144,153 200,148 136,210 126,760
3 Net sales (3) -5,633 -29,202 14,926 -1,352
4 Assets (4) 4,434,603 4,124,186 4,170,641 3,899,858
5 Cash (5) 208,390 199,586 220,425 199,778
6 Other 4,226,213 3,924,600 3,950,216 3,700,080
2002
Item Oct. (r) Nov.
1 Sales of own shares
(2) 164,959 138,380
2 Redemptions of own
shares 167,039 122,975
3 Net sales (3) -2,080 15,405
4 Assets (4) 4,059,765 4,248,453
5 Cash (5) 204,019 218,664
6 Other 3,855,746 4,029,789
(1.) Data include stock, hybrid, and bond mutual funds and exclude
money market mutual funds.
(2.) Excludes reinvestment of net income dividends and capital gains
distributions and share issue of conversions from one fund to another
in the same group.
(3.) Excludes sales and redemptions resulting from transfers of shares
into or out of money market mutual funds within the same fund family.
(4.) Market value at end of period, less current liabilities.
(5.) Includes all U.S. Treasury securities and other short-term debt
securities.
SOURCE. Investment Company Institute. Data based on reports of
membership, which comprises substantially all open-end investment
companies registered with the Securities and Exchange Commission. Data
reflect underwritings of newly formed companies after their initial
offering of securities.
1.51 DOMESTIC FINANCE COMPANIES Assets and Liabilities (1)
Billions of dollars, end of period; not seasonally adjusted
2001
Account 1999 2000 2001 Q1
ASSETS
1 Accounts
receivable,
gross (2) 845.4 958.7 948.3 954.5
2 Consumer 304.4 328.0 340.1 319.3
3 Business 395.1 458.4 447.0 459.1
4 Real estate 145.8 172.3 161.3 176.1
5 Less: Reserves for
unearned
income 61.4 69.7 60.6 69.9
6 Reserves for
losses 14.7 16.7 21.0 17.2
7 Accounts
receivable, net 769.3 872.3 866.7 867.3
8 All other 406.6 461.5 523.4 474.8
9 Total assets 1,175.9 1,333.7 1,390.1 1,342.1
LIABILITIES AND
CAPITAL
10 Bank loans 35.4 35.9 50.8 41.6
11 Commercial paper 230.4 238.8 158.6 180.9
Debt
12 Owed to parent 87.8 102.5 99.2 97.2
13 Not elsewhere
classified 429.9 502.2 567.4 533.8
14 All other
liabilities 237.8 301.8 325.5 325.2
15 Capital, surplus,
and undivided
profits 154.5 152.5 188.6 163.5
16 Total liabilities
and capital 1,175.9 1,333.7 1,390.1 1,342.1
2001 2002
Account Q2 Q3 Q4 Q1
ASSETS
1 Accounts
receivable,
gross (2) 988.8 967.8 948.3 930.0
2 Consumer 324.6 329.3 340.1 329.8
3 Business 481.9 451.1 447.0 443.0
4 Real estate 182.3 187.4 161.3 157.2
5 Less: Reserves for
unearned
income 61.5 60.8 60.6 59.5
6 Reserves for
losses 17.4 18.0 21.0 21.5
7 Accounts
receivable, net 909.8 889.0 866.7 849.0
8 All other 458.9 478.7 523.4 515.2
9 Total assets 1,368.7 1,367.7 1,390.1 1,364.2
LIABILITIES AND
CAPITAL
10 Bank loans 45.3 44.5 50.8 49.4
11 Commercial paper 181.6 171.0 158.6 137.0
Debt
12 Owed to parent 93.4 91.7 99.2 82.6
13 Not elsewhere
classified 542.1 555.8 567.4 574.4
14 All other
liabilities 336.3 327.6 325.5 329.1
15 Capital, surplus,
and undivided
profits 170.0 177.2 188.6 191.7
16 Total liabilities
and capital 1,368.7 1,367.7 1,390.1 1,364.2
2002
Account Q2 Q3 (r)
ASSETS
1 Accounts
receivable,
gross (2) 941.9 (r) 945.4
2 Consumer 332.0 (r) 334.5
3 Business 449.4 445.5
4 Real estate 160.5 165.3
5 Less: Reserves for
unearned
income 58.5 58.0
6 Reserves for
losses 21.6 22.1
7 Accounts
receivable, net 861.9 (r) 865.4
8 All other 530.6 556.7
9 Total assets 1,392.5 1,422.1
LIABILITIES AND
CAPITAL
10 Bank loans 56.9 74.9
11 Commercial paper 130.8 143.1
Debt
12 Owed to parent 83.3 82.9
13 Not elsewhere
classified 597.2 584.9
14 All other
liabilities 331.5 341.9
15 Capital, surplus,
and undivided
profits 192.9 194.6
16 Total liabilities
and capital 1,392.5 1,422.3
(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
Seasonally adjusted
1 Total 1,031.2 1,187.0
2 Consumer 410.2 465.2
3 Real estate 174.0 (r) 198.9 (r)
4 Business 446.9 522.8
Not seasonally adjusted
5 Total 1,036.4 1,192.2
6 Consumer 412.7 468.3
7 Motor vehicle loans 129.2 141.6
8 Motor vehicle leases 102.9 108.2
9 Revolving (2) 32.5 37.6
10 Other (3) 39.8 40.7
Securitized assets (4)
11 Motor vehicle loans 73.1 97.1
12 Motor vehicle leases 9.7 6.6
13 Revolving 6.7 19.6
14 Other 18.8 17.1
15 Real estate 174.0 198.9
16 One- to four-family 108.2 130.6
17 Other 37.6 41.7
Securitized real
estate assets (4)
18 One- to four-family 28.0 24.7
19 Other .2 1.9
20 Business 449.6 525.0
21 Motor vehicles 69.4 75.5
22 Retail loans 21.1 18.3
23 Wholesale loans (5) 34.8 39.7
24 Leases 13.6 17.6
25 Equipment 238.7 283.5
26 Loans 64.5 70.2
27 Leases 174.2 213.3
28 Other business
receivables (6) 87.0 99.4
Securitized assets (4)
29 Motor vehicles 31.5 37.8
30 Retail loans 2.9 3.2
31 Wholesale loans 26.4 32.5
32 Leases 2.1 2.2
33 Equipment 14.6 23.1
34 Loans 7.9 15.5
35 Leases 6.7 7.6
36 Other business
receivables (6) 8.4 5.6
2002
Type of credit 2001 May
Seasonally adjusted
1 Total 1,248.5 1,243.1
2 Consumer 514.6 519.5
3 Real estate 207.7 (r) 200.8 (r)
4 Business 526.2 522.8
Not seasonally adjusted
5 Total 1,253.7 1,246.3
6 Consumer 518.1 515.7
7 Motor vehicle loans 173.9 168.8
8 Motor vehicle leases 103.5 96.1
9 Revolving (2) 31.5 30.1
10 Other (3) 31.1 33.3
Securitized assets (4)
11 Motor vehicle loans 131.9 141.1
12 Motor vehicle leases 6.8 6.3
13 Revolving 25.0 25.8
14 Other 14.3 14.3
15 Real estate 207.7 200.8
16 One- to four-family 120.1 120.4
17 Other 41.2 38.1
Securitized real
estate assets (4)
18 One- to four-family 40.7 40.9
19 Other 5.7 1.4
20 Business 527.9 529.8
21 Motor vehicles 54.0 61.1
22 Retail loans 16.1 16.4
23 Wholesale loans (5) 20.3 26.9
24 Leases 17.6 17.8
25 Equipment 289.4 281.8
26 Loans 77.8 79.2
27 Leases 211.6 202.6
28 Other business
receivables (6) 103.5 103.0
Securitized assets (4)
29 Motor vehicles 50.1 42.4
30 Retail loans 5.1 2.6
31 Wholesale loans 42.5 37.1
32 Leases 2.5 2.7
33 Equipment 23.2 21.9
34 Loans 16.4 15.2
35 Leases 6.8 6.6
36 Other business
receivables (6) 7.7 19.6
2002
Type of credit June July
Seasonally adjusted
1 Total 1,258.3 1,269.0
2 Consumer 525.0 528.1
3 Real estate 203.1 (r) 206.7 (r)
4 Business 530.2 534.2
Not seasonally adjusted
5 Total 1,264.4 1,264.2
6 Consumer 524.9 528.6
7 Motor vehicle loans 170.3 172.5
8 Motor vehicle leases 96.4 94.9
9 Revolving (2) 32.1 36.6
10 Other (3) 33.2 33.0
Securitized assets (4)
11 Motor vehicle loans 142.4 141.9
12 Motor vehicle leases 6.2 6.1
13 Revolving 29.2 28.9
14 Other 15.0 14.7
15 Real estate 203.1 206.7
16 One- to four-family 121.8 125.7
17 Other 38.7 38.7
Securitized real
estate assets (4)
18 One- to four-family 40.9 40.6
19 Other 1.7 1.7
20 Business 536.5 529.0
21 Motor vehicles 59.9 56.7
22 Retail loans 17.0 17.5
23 Wholesale loans (5) 25.8 22.3
24 Leases 17.1 16.9
25 Equipment 288.0 286.0
26 Loans 78.9 80.0
27 Leases 209.2 206.1
28 Other business
receivables (6) 101.5 102.8
Securitized assets (4)
29 Motor vehicles 45.5 41.5
30 Retail loans 2.4 2.3
31 Wholesale loans 40.8 36.9
32 Leases 2.3 2.3
33 Equipment 21.7 21.6
34 Loans 15.0 15.0
35 Leases 6.7 6.7
36 Other business
receivables (6) 19.9 20.3
2002
Type of credit Aug. Sept. Oct.
Seasonally adjusted
1 Total 1,269.1 1,269.5 (r) 1,267.4
2 Consumer 522.8 522.2 517.2
3 Real estate 209.6 (r) 207.9 (r) 211.8
4 Business 536.7 539.4 538.4
Not seasonally adjusted
5 Total 1,261.1 1,262.2 (r) 1,262.2
6 Consumer 525.0 524.3 518.9
7 Motor vehicle loans 170.3 176.5 169.9
8 Motor vehicle leases 90.5 88.5 86.7
9 Revolving (2) 36.5 37.3 37.5
10 Other (3) 33.0 32.3 31.3
Securitized assets (4)
11 Motor vehicle loans 144.4 138.9 144.1
12 Motor vehicle leases 6.0 6.0 5.9
13 Revolving 29.9 30.5 29.2
14 Other 14.4 14.4 14.4
15 Real estate 209.6 207.9 (r) 211.8
16 One- to four-family 128.7 126.5 130.5
17 Other 38.8 39.0 39.0
Securitized real
estate assets (4)
18 One- to four-family 40.4 40.1 40.1
19 Other 1.7 2.2 2.2
20 Business 526.4 530.0 531.5
21 Motor vehicles 56.0 56.9 57.4
22 Retail loans 17.2 17.6 18.1
23 Wholesale loans (5) 22.2 23.3 23.5
24 Leases 16.6 15.9 15.9
25 Equipment 287.5 289.2 287.2
26 Loans 81.4 82.8 80.9
27 Leases 206.1 206.4 206.4
28 Other business
receivables (6) 99.8 99.4 96.7
Securitized assets (4)
29 Motor vehicles 41.0 43.8 47.0
30 Retail loans 2.2 2.2 1.9
31 Wholesale loans 36.5 39.3 42.8
32 Leases 2.3 2.3 2.3
33 Equipment 22.0 21.6 23.9
34 Loans 15.4 14.8 17.2
35 Leases 6.6 6.7 6.7
36 Other business
receivables (6) 20.1 19.1 19.2
NOTE. This table has been revised to incorporate several changes
resulting from the benchmarking of finance company receivables to
the June 1996 Survey of Finance Companies. In that benchmark survey,
and in the monthly surveys that have followed, more detailed
breakdowns have been obtained for some components. In addition,
previously unavailable data on securitized real estate loans are
now included in this table. The new information has resulted in
some reclassification of receivables among the three major categories
(consumer, real estate, and business) and in discontinuities in some
component series between May and June 1996.
Includes finance company subsidiaries of bank holding companies but
not of retailers and banks. Data in this table also appear in the
Board's G.20 (422) monthly statistical release. For ordering address,
see inside front cover.
(1.) Owned receivables are those carried on the balance sheet of the
institution. Managed receivables are outstanding balances of pools
upon which securities have been issued; these balances are no longer
carried on the balance sheets of the loan originator. Data are shown
before deductions for unearned income and losses. Components may not
sum to totals because of rounding.
(2.) Excludes revolving credit reported as held by depository
institutions that are subsidiaries of finance companies.
(3.) Includes personal cash loans, mobile home loans, and loans to
purchase other types of consumer goods, such as appliances, apparel,
boats, and recreation vehicles.
(4.) Outstanding balances of pools upon which securities have been
issued; these balances are no longer carried on the balance sheets
of the loan originator.
(5.) Credit arising from transactions between manufacturers and
dealers, that is, floor plan financing.
(6.) Includes loans on commercial accounts receivable, factored
commercial accounts, and receivable dealer capital; small loans used
primarily for business or farm purposes; and wholesale and lease
paper for mobile homes, campers, and travel trailers.
Real Estate
1.53 MORTGAGE MARKETS Mortgages on New Homes
Millions of dollars except as noted
2002
Item 1999 2000 2001 May
Terms and yields in primary
and secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of
dollars) 210.7 234.5 245.0 265.0
2 Amount of loan (thousands of
dollars) 161.7 177.0 184.2 199.0
3 Loan-to-price ratio
(percent) 78.7 77.4 77.3 77.2
4 Maturity (years) 28.8 29.2 28.8 29.0
5 Fees and charges (percent of
loan amount) (2) .77 .70 .67 .59
Yield (percent per year)
6 Contract rate (1) 6.94 7.41 6.90 6.51
7 Effective rate (1),(3) 7.06 7.52 7.00 6.59
8 Contract rate (HUD series)
(4) 7.45 n.a. n.a. n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section
203) (5) 7.74 n.a. n.a. n.a.
10 GNMA securities (6) 7.03 7.57 6.36 6.21
Activity in secondary markets
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
Mortgage holdings (end of
period)
11 Total 523,941 610,122 707,015 741,084
12 FHA/VA insured 55,318 61,539 n.a. n.a.
13 Conventional 468,623 548,583 n.a. n.a.
14 Mortgage transactions
purchased (during period) 195,210 154,231 270,384 17,432
Mortgage commitments
(during period)
15 Issued (7) 187,948 163,689 304,084 18,305
16 To sell (8) 5,900 11,786 7,586 124
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage holdings (end of
period) (8)
17 Total 324,443 385,693 491,719 515,732
18 FHA/VA insured 1,836 3,332 3,506 2,571
19 Conventional 322,607 382,361 488,213 513,161
Mortgage transactions
(during period)
20 Purchases 239,793 174,043 n.a. n.a.
21 Sales 233,031 166,901 389,611 29,831
22 Mortgage commitments
contracted (during
period) (9) 228,432 169,231 417,434 32,702
2002
Item June July Aug. Sept.
Terms and yields in primary
and secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of
dollars) 268.2 268.2 267.5 266.7
2 Amount of loan (thousands of
dollars) 201.1 201.6 199.1 201.1
3 Loan-to-price ratio
(percent) 77.1 77.5 77.3 77.6
4 Maturity (years) 29.0 29.1 29.0 29.1
5 Fees and charges (percent of
loan amount) (2) .56 .62 .59 .60
Yield (percent per year)
6 Contract rate (1) 6.38 6.28 6.17 6.09
7 Effective rate (1),(3) 6.47 6.37 6.26 6.17
8 Contract rate (HUD series)
(4) n.a. n.a. n.a. n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section
203) (5) n.a. n.a. n.a. n.a.
10 GNMA securities (6) 6.03 5.82 5.53 5.15
Activity in secondary markets
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
Mortgage holdings (end of
period)
11 Total 740,744 743,025 746,101 751,347
12 FHA/VA insured n.a. n.a. n.a. n.a.
13 Conventional n.a. n.a. n.a. n.a.
14 Mortgage transactions
purchased (during period) 16,310 17,586 23,123 33,518
Mortgage commitments
(during period)
15 Issued (7) 24,700 29,786 42,555 58,055
16 To sell (8) 2,535 62 1,292 1,016
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage holdings (end of
period) (8)
17 Total 518,816 521,137 525,795 530,694
18 FHA/VA insured 3,649 3,413 4,195 4,634
19 Conventional 515,167 517,724 521,600 526,060
Mortgage transactions
(during period)
20 Purchases n.a. n.a. n.a. n.a.
21 Sales 30,767 29,335 34,937 46,369
22 Mortgage commitments
contracted (during
period) (9) 32,468 34,827 44,401 57,793
2002
Item Oct. Nov.
Terms and yields
in primary and
secondary markets
PRIMARY MARKETS
Terms (1)
1 Purchase price (thousands of
dollars) 258.7 256.7
2 Amount of loan (thousands of
dollars) 195.0 193.3
3 Loan-to-price ratio
(percent) 77.7 77.4
4 Maturity (years) 28.8 28.4
5 Fees and charges (percent of
loan amount) (2) .63 .61
Yield (percent per year)
6 Contract rate (1) 6.00 5.99
7 Effective rate (1),(3) 6.09 6.08
8 Contract rate (HUD series)
(4) n.a. n.a.
SECONDARY MARKETS
Yield (percent per year)
9 FHA mortgages (section
203) (5) n.a. n.a.
10 GNMA securities (6) 5.31 5.29
Activity in
secondary markets
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
Mortgage holdings (end of
period)
11 Total 751,347 760,759
12 FHA/VA insured n.a. n.a.
13 Conventional n.a. n.a.
14 Mortgage transactions
purchased (during period) 32,853 47,807
Mortgage commitments
(during period)
15 Issued (7) n.a. n.a.
16 To sell (8) n.a. n.a.
FEDERAL HOME LOAN
MORTGAGE CORPORATION
Mortgage holdings (end of
period) (8)
17 Total 536,389 549,380
18 FHA/VA insured n.a. n.a.
19 Conventional n.a. n.a.
Mortgage transactions
(during period)
20 Purchases n.a. n.a.
21 Sales 60,516 62,354
22 Mortgage commitments
contracted (during
period) (9) n.a. n.a.
(1.) Weighted averages based on sample surveys of mortgages originated
by major institutional lender groups for purchase of newly built
homes; compiled by the Federal Housing Finance Board in cooperation
with the Federal Deposit Insurance Corporation.
(2.) Includes all fees, commissions, discounts, and "points" paid (by
the borrower or the seller) to obtain a loan.
(3.) Average effective interest rate on loans closed for purchase of
newly built homes, assuming prepayment at the end of ten years.
(4.) Average contract rate on new commitments for conventional first
mortgages; from U.S. Department of Housing and Urban Development (HUD).
Based on transactions on the first day of the subsequent month.
(5.) Average gross yield on thirty-year, minimum-downpayment first
mortgages insured by the Federal Housing Administration (FHA) for
immediate delivery in the private secondary market. Based on
transactions on first day of subsequent month.
(6.) Average net yields to investors on fully modified pass-through
securities backed by mortgages and guaranteed by the Government
National Mortgage Association (GNMA), assuming prepayment in twelve
years on pools of thirty-year mortgages insured by the Federal
Housing Administration or guaranteed by the Department of Veterans
Affairs.
(7.) Does not include standby commitments issued, but includes
standby commitments converted.
(8.) Includes participation loans as well as whole loans.
(9.) Includes conventional and government-underwritten loans. The
Federal Home Loan Mortgage Corporation's mortgage commitments and
mortgage transactions include activity under mortgage securities
swap programs, whereas the corresponding data for the Federal
National Mortgage Association exclude swap activity.
1.54 MORTGAGE DEBT OUTSTANDING (1)
Millions of dollars, end of period
Type of holder and property 1998 1999
1 All holders 5,715,556 6,320,690 (r)
By type of property
2 One- to four-family residences 4,365,968 4,790,601
3 Multifamily residences 331,602 369,251
4 Nonfarm, nonresidential 921,482 1,057,874 (r)
5 Farm 96,504 102,964
By type of holder
6 Major financial institutions 2,194,591 2,394,271
7 Commercial banks (2) 1,336,996 1,495,420
8 One- to four-family 797,004 879,576
9 Multifamily 54,632 67,665
10 Nonfarm, nonresidential 456,323 516,333
11 Farm 29,037 31,846
12 Savings institutions (3) 643,955 668,064
13 One- to four-family 533,501 548,222
14 Multifamily 57,037 59,309
15 Nonfarm, nonresidential 53,002 60,063
16 Farm 414 470
17 Life insurance companies 213,640 230,787
18 One- to four-family 6,590 5,934
19 Multifamily 31,522 32,818
20 Nonfarm nonresidential 164,004 179,048
21 Farm 11,524 12,987
22 Federal and related agencies 291,961 320,054
23 Government National Mortgage
Association 7 7
24 One- to four-family 7 7
25 Multifamily 0 0
26 Farmers Home
Administration (4) 40,851 73,871
27 One- to four-family 16,895 16,506
28 Multifamily 11,739 11,741
29 Nonfarm, nonresidential 7,705 41,355
30 Farm 4,513 4,268
31 Federal Housing Admin. and
Department of Veterans
Affairs 3,674 3,712
32 One- to four-family 1,849 1,851
33 Multifamily 1,825 1,861
34 Resolution Trust Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm, nonresidential 0 0
38 Farm 0 0
39 Federal Deposit Insurance
Corporation 361 152
40 One- to four-family 58 25
41 Multifamily 70 29
42 Nonfarm, nonresidential 233 98
43 Farm 0 0
44 Federal National Mortgage
Association 156,023 149,422
45 One- to four-family 147,594 141,195
46 Multifamily 8,429 8,227
47 Federal Land Banks 32,983 34,187
48 One- to four-family 1,941 2,012
49 Farm 31,042 32,175
50 Federal Home Loan Mortgage
Corporation 57,085 56,676
51 One- to four-family 49,106 44,321
52 Multifamily 7,979 12,355
53 Mortgage pools or trusts (5) 2,581,297 2,948,245
54 Government National Mortgage
Association 537,446 582,263
55 One- to four-family 522,498 565,189
56 Multifamily 14,948 17,074
57 Federal Home Loan Mortgage
Corporation 646,459 749,081
58 One- to four-family 643,465 744,619
59 Multifamily 2,994 4,462
60 Federal National Mortgage
Association 834,517 960,883
61 One- to four-family 804,204 924,941
62 Multifamily 30,313 35,942
63 Farmers Home
Administration (4) 1 0
64 One- to four-family 0 0
65 Multifamily 0 0
66 Nonfarm, nonresidential 0 0
67 Farm 1 0
68 Private mortgage conduits 562,874 656,018
69 One- to four-family (6) 405,153 455,021
70 Multifamily 33,784 42,293
71 Nonfarm, nonresidential 123,937 158,704
72 Farm 0 0
73 Individuals and others (7) 647,708 658,120 (r)
74 One- to four-family 435,137 459,385
75 Multifamily 76,320 75,244
76 Nonfarm, nonresidential 116,277 102,274 (r)
77 Farm 19,974 21,217
2001
Type of holder and property 2000 Q3
1 All holders 6,885,547 (r) 7,407,530 (r)
By type of property
2 One- to four-family residences 5,203,899 (r) 5,600,651 (r)
3 Multifamily residences 406,530 440,753
4 Nonfarm, nonresidential 1,166,261 1,251,517
5 Farm 108,858 114,610
By type of holder
6 Major financial institutions 2,618,969 2,734,217
7 Commercial banks (2) 1,660,054 1,736,631
8 One- to four-family 965,635 987,682
9 Multifamily 77,803 83,949
10 Nonfarm, nonresidential 582,577 629,624
11 Farm 34,039 35,375
12 Savings institutions (3) 722,974 758,344
13 One- to four-family 594,221 620,392
14 Multifamily 61,258 64,405
15 Nonfarm, nonresidential 66,965 72,977
16 Farm 529 569
17 Life insurance companies 235,941 239,243
18 One- to four-family 4,903 5,091
19 Multifamily 33,681 33,885
20 Nonfarm nonresidential 183,757 186,469
21 Farm 13,600 13,798
22 Federal and related agencies 344,225 363,001
23 Government National Mortgage
Association 6 9
24 One- to four-family 6 9
25 Multifamily 0 0
26 Farmers Home
Administration (4) 73,323 72,118
27 One- to four-family 16,372 15,916
28 Multifamily 11,733 11,710
29 Nonfarm, nonresidential 41,070 40,470
30 Farm 4,148 4,023
31 Federal Housing Admin. and
Department of Veterans
Affairs 3,507 3,155
32 One- to four-family 1,308 1,251
33 Multifamily 2,199 1,904
34 Resolution Trust Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm, nonresidential 0 0
38 Farm 0 0
39 Federal Deposit Insurance
Corporation 45 26
40 One- to four-family 7 4
41 Multifamily 9 5
42 Nonfarm, nonresidential 29 17
43 Farm 0 0
44 Federal National Mortgage
Association 155,626 165,687
45 One- to four-family 144,150 151,786
46 Multifamily 11,476 13,901
47 Federal Land Banks 36,326 39,722
48 One- to four-family 2,137 2,337
49 Farm 34,189 37,385
50 Federal Home Loan Mortgage
Corporation 59,240 59,638
51 One- to four-family 42,871 39,217
52 Multifamily 16,369 20,421
53 Mortgage pools or trusts (5) 3,231,415 3,583,240
54 Government National Mortgage
Association 611,553 603,186
55 One- to four-family 592,624 581,796
56 Multifamily 18,929 21,391
57 Federal Home Loan Mortgage
Corporation 822,310 927,490
58 One- to four-family 816,602 921,709
59 Multifamily 5,708 5,781
60 Federal National Mortgage
Association 1,057,750 1,228,131
61 One- to four-family 1,016,398 1,177,995
62 Multifamily 41,352 50,136
63 Farmers Home
Administration (4) 0 0
64 One- to four-family 0 0
65 Multifamily 0 0
66 Nonfarm, nonresidential 0 0
67 Farm 0 0
68 Private mortgage conduits 739,802 824,433
69 One- to four-family (6) 499,834 550,200
70 Multifamily 48,786 53,627
71 Nonfarm, nonresidential 191,182 220,606
72 Farm 0 0
73 Individuals and others (7) 690,939 (r) 727,071 (r)
74 One- to four-family 490,900 (r) 522,793 (r)
75 Multifamily 77,006 79,464
76 Nonfarm, nonresidential 100,681 101,354
77 Farm 22,352 23,460
2001 2002
Type of holder and property Q4 Q1
1 All holders 7,589,968 (r) 7,754,015 (r)
By type of property
2 One- to four-family residences 5,732,907 (r) 5,871,331 (r)
3 Multifamily residences 454,715 462,579
4 Nonfarm, nonresidential 1,286,011 1,301,988 (r)
5 Farm 116,336 (r) 118,116 (r)
By type of holder
6 Major financial institutions 2,791,076 2,789,654
7 Commercial banks (2) 1,789,819 1,800,362
8 One- to four-family 1,023,851 1,018,478
9 Multifamily 84,851 86,719
10 Nonfarm, nonresidential 645,619 659,187
11 Farm 35,498 35,978
12 Savings institutions (3) 758,236 745,998
13 One- to four-family 620,579 605,171
14 Multifamily 64,592 65,199
15 Nonfarm, nonresidential 72,534 75,077
16 Farm 531 551
17 Life insurance companies 243,021 243,293
18 One- to four-family 4,931 4,938
19 Multifamily 35,631 35,671
20 Nonfarm nonresidential 188,376 188,599
21 Farm 14,083 14,085
22 Federal and related agencies 376,999 385,027
23 Government National Mortgage
Association 8 8
24 One- to four-family 8 8
25 Multifamily 0 0
26 Farmers Home
Administration (4) 72,452 72,362
27 One- to four-family 15,824 15,665
28 Multifamily 11,712 11,707
29 Nonfarm, nonresidential 40,965 41,134
30 Farm 3,952 3,855
31 Federal Housing Admin. and
Department of Veterans
Affairs 3,290 3,361
32 One- to four-family 1,260 1,255
33 Multifamily 2,031 2,105
34 Resolution Trust Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm, nonresidential 0 0
38 Farm 0 0
39 Federal Deposit Insurance
Corporation 13 7
40 One- to four-family 2 1
41 Multifamily 3 1
42 Nonfarm, nonresidential 8 4
43 Farm 0 0
44 Federal National Mortgage
Association 169,908 176,051
45 One- to four-family 155,060 160,300
46 Multifamily 14,848 15,751
47 Federal Land Banks 40,885 41,981
48 One- to four-family 2,406 2,470
49 Farm 38,479 39,511
50 Federal Home Loan Mortgage
Corporation 62,792 59,624
51 One- to four-family 40,309 35,955
52 Multifamily 22,483 23,669
53 Mortgage pools or trusts (5) 3,715,692 3,868,993 (r)
54 Government National Mortgage
Association 591,368 587,204 (r)
55 One- to four-family 569,460 564,108 (r)
56 Multifamily 21,908 23,096
57 Federal Home Loan Mortgage
Corporation 948,409 1,012,478
58 One- to four-family 940,933 1,005,136
59 Multifamily 7,476 7,342
60 Federal National Mortgage
Association 1,290,351 1,355,404
61 One- to four-family 1,238,125 1,301,374
62 Multifamily 52,226 54,030
63 Farmers Home
Administration (4) 0 0
64 One- to four-family 0 0
65 Multifamily 0 0
66 Nonfarm, nonresidential 0 0
67 Farm 0 0
68 Private mortgage conduits 885,564 913,907
69 One- to four-family (6) 591,200 616,300
70 Multifamily 57,009 57,535
71 Nonfarm, nonresidential 237,355 240,072
72 Farm 0 0
73 Individuals and others (7) 706,201 (r) 710,341 (r)
74 One- to four-family 501,465 (r) 508,679 (r)
75 Multifamily 79,791 79,612
76 Nonfarm, nonresidential 101,154 97,915 (r)
77 Farm 23,792 (r) 24,135 (r)
2002
Type of holder and property Q2 Q3 (p)
1 All holders 7,971,417 (r) 8,209,266
By type of property
2 One- to four-family residences 6,043,139 (r) 6,242,661
3 Multifamily residences 474,170 (r) 482,851
4 Nonfarm, nonresidential 1,333,680 (r) 1,360,371
5 Farm 120,428 (r) 123,383
By type of holder
6 Major financial institutions 2,861,044 (r) 2,981,095
7 Commercial banks (2) 1,873,203 (r) 1,961,908
8 One- to four-family 1,070,522 (r) 1,143,938
9 Multifamily 90,743 (r) 90,929
10 Nonfarm, nonresidential 674,972 (r) 689,288
11 Farm 36,966 (r) 37,753
12 Savings institutions (3) 742,732 (r) 773,689
13 One- to four-family 599,402 (r) 625,424
14 Multifamily 66,009 (r) 68,668
15 Nonfarm, nonresidential 76,768 (r) 79,036
16 Farm 552 (r) 560
17 Life insurance companies 245,109 (r) 245,498
18 One- to four-family 5,188 (r) 5,197
19 Multifamily 35,844 (r) 35,900
20 Nonfarm nonresidential 189,988 (r) 190,287
21 Farm 14,089 (r) 14,114
22 Federal and related agencies 396,091 412,014
23 Government National Mortgage
Association 8 8
24 One- to four-family 8 8
25 Multifamily 0 0
26 Farmers Home
Administration (4) 71,970 72,030
27 One- to four-family 15,273 15,139
28 Multifamily 11,692 11,686
29 Nonfarm, nonresidential 41,188 41,439
30 Farm 3,817 3,766
31 Federal Housing Admin. and
Department of Veterans
Affairs 3,473 2,973
32 One- to four-family 1,254 1,252
33 Multifamily 2,218 1,721
34 Resolution Trust Corporation 0 0
35 One- to four-family 0 0
36 Multifamily 0 0
37 Nonfarm, nonresidential 0 0
38 Farm 0 0
39 Federal Deposit Insurance
Corporation 22 13
40 One- to four-family 4 2
41 Multifamily 4 2
42 Nonfarm, nonresidential 14 8
43 Farm 0 0
44 Federal National Mortgage
Association 180,491 184,191
45 One- to four-family 164,038 167,006
46 Multifamily 16,453 17,185
47 Federal Land Banks 42,951 44,782
48 One- to four-family 2,527 2,635
49 Farm 40,424 42,147
50 Federal Home Loan Mortgage
Corporation 58,872 60,934
51 One- to four-family 34,062 34,616
52 Multifamily 24,810 26,318
53 Mortgage pools or trusts (5) 3,988,381 (r) 4,075,446
54 Government National Mortgage
Association 583,791 (r) 567,631
55 One- to four-family 559,595 (r) 542,453
56 Multifamily 24,196 25,178
57 Federal Home Loan Mortgage
Corporation 1,053,261 1,058,176
58 One- to four-family 1,045,981 1,050,899
59 Multifamily 7,280 7,277
60 Federal National Mortgage
Association 1,404,594 1,458,945
61 One- to four-family 1,349,442 1,402,929
62 Multifamily 55,152 56,016
63 Farmers Home
Administration (4) 0 0
64 One- to four-family 0 0
65 Multifamily 0 0
66 Nonfarm, nonresidential 0 0
67 Farm 0 0
68 Private mortgage conduits 946,735 (r) 990,694
69 One- to four-family (6) 638,300 (r) 671,200
70 Multifamily 59,491 (r) 61,239
71 Nonfarm, nonresidential 248,944 (r) 258,256
72 Farm 0 0
73 Individuals and others (7) 725,902 (r) 740,711
74 One- to four-family 519,364 (r) 532,988
75 Multifamily 80,153 80,623
76 Nonfarm, nonresidential 101,807 (r) 102,057
77 Farm 24,579 (r) 25,043
(1.) Multifamily debt refers to loans on structures of five or more
units.
(2.) Includes loans held by nondeposit trust companies but not loans
held by bank trust departments.
(3.) Includes savings banks and savings and loan associations.
(4.) FmHA-guaranteed securities sold to the Federal Financing Bank
were reallocated from FmHA mortgage pools to FmHA mortgage holdings
in 1986:Q4 because of accounting changes by the Farmers Home
Administration.
(5.) Outstanding principal balances of mortgage-backed securities
insured or guaranteed by the agency indicated.
(6.) Includes securitized home equity loans.
(7.) Other holders include mortgage companies, real estate investment
trusts, state and local credit agencies, state and local retirement
funds, noninsured pension funds, credit unions, and finance companies.
SOURCE. Based on data from various institutional and government
sources. Separation of nonfarm mortgage debt by type of property, if
not reported directly, and interpolations and extrapolations, when
required for some quarters, are estimated in part by the Federal
Reserve. Line 69 from Inside Mortgage Securities and other sources.
Consumer Credit
1.55 CONSUMER CREDIT (1)
Millions of dollars, amounts outstanding, end of period
Holder and type of credit 1999 2000
Seasonally adjusted
1 Total 1,416,316 1,560,634
2 Revolving 597,669 666,607
3 Nonrevolving (2) 818,647 894,027
Not seasonally
adjusted
4 Total 1,446,127 1,593,116
By major holder
5 Commercial banks 499,758 541,470
6 Finance companies 201,549 219,848
7 Credit unions 167,921 184,434
8 Savings institutions 61,527 64,557
9 Nonfinancial business 80,311 82,662
10 Pools of securitized
assets (3) 435,061 500,145
By major type of credit (4)
11 Revolving 621,914 693,020
12 Commercial banks 189,352 218,063
13 Finance companies 32,483 37,627
14 Credit unions 20,641 22,226
15 Savings institutions 15,838 16,560
16 Nonfinancial business 42,783 42,430
17 Pools of securitized
assets (3) 320,817 356,114
18 Nonrevolving 824,213 900,095 (r)
19 Commercial banks 310,406 323,407
20 Finance companies 169,066 182,221
21 Credit unions 147,280 162,208
22 Savings institutions 45,689 47,997
23 Nonfinancial business 37,528 40,232
24 Pools of securitized
assets (3) 114,244 144,031
2002
Holder and type of credit 2001 May (r) June (r)
Seasonally adjusted
1 Total 1,667,928 1,704,561 1,707,452
2 Revolving 699,875 709,676 712,126
3 Nonrevolving (2) 968,053 994,885 995,326
Not seasonally adjusted
4 Total 1,701,856 1,691,993 1,700,283
By major holder
5 Commercial banks 558,421 557,463 554,864
6 Finance companies 236,559 232,116 235,640
7 Credit unions 189,570 190,672 191,618
8 Savings institutions 69,070 68,499 68,451
9 Nonfinancial business 67,955 55,802 53,010
10 Pools of securitized
assets (3) 580,281 587,442 596,700
By major type of credit (4)
11 Revolving 727,297 704,809 709,469
12 Commercial banks 224,878 218,310 215,765
13 Finance companies 31,538 30,073 32,131
14 Credit unions 22,265 20,882 20,988
15 Savings institutions 17,767 17,529 17,295
16 Nonfinancial business 29,790 20,359 17,859
17 Pools of securitized
assets (3) 401,059 397,655 404,930
18 Nonrevolving 974,559 987,184 990,814
19 Commercial banks 333,543 339,153 339,099
20 Finance companies 205,021 202,043 203,509
21 Credit unions 167,305 169,790 170,630
22 Savings institutions 51,303 50,970 50,656
23 Nonfinancial business 38,165 35,442 35,150
24 Pools of securitized
assets (3) 179,222 189,787 191,770
2002
Holder and type of credit July (r) Aug. (r)
Seasonally adjusted
1 Total 1,714,829 1,717,799
2 Revolving 715,976 719,483
3 Nonrevolving (2) 999,033 998,317
Not seasonally
adjusted
4 Total 1,705,621 1,719,577
By major holder
5 Commercial banks 557,285 572,446
6 Finance companies 242,088 239,857
7 Credit unions 194,060 195,559
8 Savings institutions 67,370 66,289
9 Nonfinancial business 51,296 52,101
10 Pools of securitized
assets (3) 593,522 593,326
By major type of credit (4)
11 Revolving 709,018 716,233
12 Commercial banks 214,092 224,698
13 Finance companies 36,570 36,529
14 Credit unions 21,206 21,505
15 Savings institutions 16,751 15,707
16 Nonfinancial business 16,467 16,747
17 Pools of securitized
assets (3) 403,933 401,048
18 Nonrevolving 996,603 1,003,344
19 Commercial banks 343,193 347,748
20 Finance companies 205,518 203,329
21 Credit unions 172,854 174,054
22 Savings institutions 50,619 50,582
23 Nonfinancial business 34,829 35,354
24 Pools of securitized
assets (3) 189,590 192,277
2002
Holder and type of credit Sept. (r) Oct.
Seasonally adjusted
1 Total 1,722,549 1,723,983
2 Revolving 721,274 723,733
3 Nonrevolving (2) 1,001,274 1,000,251
Not seasonally
adjusted
4 Total 1,720,643 1,723,707
By major holder
5 Commercial banks 575,732 578,554
6 Finance companies 246,072 238,670
7 Credit unions 196,059 197,104
8 Savings institutions 65,243 65,243
9 Nonfinancial business 49,170 49,120
10 Pools of securitized
assets (3) 588,366 595,016
By major type of credit (4)
11 Revolving 715,990 717,156
12 Commercial banks 226,197 226,023
13 Finance companies 37,280 37,453
14 Credit unions 21,388 21,238
15 Savings institutions 14,696 14,696
16 Nonfinancial business 14,129 14,100
17 Pools of securitized
assets (3) 402,299 403,646
18 Nonrevolving 1,004,653 1,006,551
19 Commercial banks 349,535 352,531
20 Finance companies 208,792 201,218
21 Credit unions 174,671 175,866
22 Savings institutions 50,547 50,547
23 Nonfinancial business 35,041 35,020
24 Pools of securitized
assets (3) 186,067 191,370
(1.) The Board's series on amounts of credit covers most short- and
intermediate-term credit extended to individuals, excluding loans
secured by real estate. Data in this table also appear in the Board's
G.19 (421) monthly statistical release. For ordering address, see
inside front cover.
(2.) Comprises motor vehicle loans, mobile home loans, and all other
loans that are not included in revolving credit, such as loans for
education, boats, trailers, or vacations. These loans may be secured
or unsecured.
(3.) Outstanding balances of pools upon which securities have been
issued; these balances are no longer carried on the balance sheets
of the loan originator.
(4.) Totals include estimates for certain holders for which only
consumer credit totals are available.
1.56 TERMS OF CONSUMER CREDIT (1)
Percent per year except as noted
2002
Item 1999 2000 2001 Apr. May
INTEREST RATES
Commercial banks (2)
1 48-month new car 8.44 9.34 8.50 n.a. 7.74
2 24-month personal 13.39 13.90 13.22 n.a. 12.57
Credit card plan
3 All accounts 15.21 15.71 14.89 n.a. 13.55
4 Accounts assessed
interest 14.81 14.91 14.44 n.a. 13.34
Auto finance companies
5 New car 6.66 6.61 5.65 5.51 6.15
6 Used car 12.60 13.55 12.18 10.94 10.90
OTHER TERMS (3)
Maturity (months)
7 New car 52.7 54.9 55.1 55.9 57.3
8 Used car 55.9 57.0 57.5 57.7 57.8
Loan-to-value ratio
9 New car 92 92 91 93 92
10 Used car 99 99 100 101 101
Amount financed
(dollars)
11 New car 19,880 20,923 22,822 23,535 23,324
12 Used car 13,642 14,058 14,416 14,363 14,700
2002
Item June July (r) Aug. (r)
INTEREST RATES
Commercial banks (2)
1 48-month new car n.a. n.a. 5.95
2 24-month personal n.a. n.a. 11.28
Credit card plan
3 All accounts n.a. n.a. 13.37
4 Accounts assessed
interest n.a. n.a. 13.26
Auto finance companies
5 New car 6.25 (r) 3.58 2.17
6 Used car 10.71 (r) 10.59 10.46
OTHER TERMS (3)
Maturity (months)
7 New car 58.6 58.9 59.2
8 Used car 57.7 57.8 57.6
Loan-to-value ratio
9 New car 91 (r) 95 97
10 Used car 100 100 100
Amount financed
(dollars)
11 New car 23,436 (r) 25,089 26,455
12 Used car 14,631 (r) 14,701 14,679
2002
Item Sept. Oct.
INTEREST RATES
Commercial banks (2)
1 48-month new car n.a. n.a.
2 24-month personal n.a. n.a.
Credit card plan
3 All accounts n.a. n.a.
4 Accounts assessed
interest n.a. n.a.
Auto finance companies
5 New car 2.29 (r) 2.79
6 Used car 10.44 10.67
OTHER TERMS (3)
Maturity (months)
7 New car 58.4 57.2
8 Used car 57.5 57.3
Loan-to-value ratio
9 New car 97 (r) 96
10 Used car 100 100
Amount financed
(dollars)
11 New car 26,331 (r) 26,232
12 Used car 14,801 (r) 14,645
(1.) The Board's series on amounts of credit covers most short- and
intermediate-term credit extended to individuals. Data in this table
also appear in the Board's G.19 (421) monthly statistical release.
For ordering address, see inside front cover.
(2.) Data are available for only the second month of each quarter.
(3.) At auto finance companies.
Flow of Funds
1.57 FUNDS RAISED IN U.S. CREDIT MARKETS (1)
Billions of dollars; quarterly data at seasonally adjusted annual rates
Transaction category
or sector 1996 1997 1998 1999
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 733.3 804.4 1,042.4 1,057.5
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 1,128.7
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 46.0
11 Mortgages 280.1 322.3 489.8 564.9
12 Home 241.7 258.3 387.8 424.6
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 255.3 392.5 559.9 578.4
19 Corporate 183.1 291.6 392.1 390.5
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 1,082.6
Financial sectors
29 Total net borrowing by
financial sectors 550.1 662.2 1,087.2 1,073.3
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. .0 .0 .0 .0
government
34 Private 318.7 449.3 616.3 481.3
35 Open market paper 92.2 166.7 161.0 176.2
36 Corporate bonds 178.1 218.9 310.2 207.1
37 Bank loans n.e.c. 12.6 13.3 30.1 -14.2
38 Other loans and advances 27.9 35.6 90.2 107.1
39 Mortgages 7.9 14.9 24.8 5.1
By borrowing sector
40 Commercial banking 13.0 46.1 72.9 67.2
41 Savings institutions 25.5 19.7 52.2 48.0
42 Credit unions .1 .1 .6 2.2
43 Life insurance companies 1.1 .2 .7 .7
44 Government-sponsored
enterprises 90.4 98.4 278.3 318.2
45 Federally related mortgage
pools 141.0 114.6 192.6 273.8
46 Issuers of asset-backed
securities (ABSs) 150.8 202.2 321.4 212.3
47 Finance companies 50.6 57.8 57.1 70.3
48 Mortgage companies 4.1 -4.6 1.6 .2
49 Real estate investment
trusts (REITs) 11.9 39.6 62.7 6.3
50 Brokers and dealers -2.0 8.1 7.2 -17.2
51 Funding corporations 63.8 79.9 40.0 91.5
All sectors
52 Total net borrowing, all
sectors 1,371.7 1,538.5 2,172.8 2,155.9
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 361.3 430.8 563.7 451.2
57 Bank loans n.e.c. 92.1 128.2 145.0 69.0
58 Other loans and advances 57.7 93.2 166.3 147.4
59 Mortgages 287.9 337.2 514.6 570.0
60 Consumer credit 91.3 57.5 75.0 99.5
Funds raised through mutual
funds and corporate equities
61 Total net issues 233.4 181.8 114.4 158.1
62 Corporate equities -4.2 -83.3 -165.1 -33.1
63 Nonfinancial
corporations -69.5 -114.4 267.0 -143.5
64 Foreign shares purchased
by U.S. residents 82.5 57.6 101.3 114.3
65 Financial corporations -17.6 -26.5 .6 -4.0
66 Mutual fund shares 237.6 265.1 279.5 191.2
2001
Transaction category
or sector 2000 Q1 Q2 Q3
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 853.9 949.1 1,032.4 1,276.8
By sector and instrument
2 Federal government -295.9 -59.3 -215.8 209.3
3 Treasury securities -294.9 -57.0 -216.9 209.7
4 Budget agency securities
and mortgages -1.0 -2.2 1.1 -.4
5 Nonfederal 1,149.8 1,008.4 1,248.2 1,067.4
By instrument
6 Commercial paper 48.1 -199.2 -133.4 -66.1
7 Municipal securities and
loans 35.3 102.9 107.3 70.0
8 Corporate bonds 171.1 399.5 419.5 187.9
9 Bank loans n.e.c. 101.7 -19.5 -121.0 -24.4
10 Other loans and advances 95.0 32.5 132.3 59.4
11 Mortgages 559.6 547.7 767.5 770.0
12 Home 413.7 423.4 607.8 559.3
13 Multifamily
residential 35.2 37.6 40.8 56.5
14 Commercial 104.2 82.3 107.0 147.1
15 Farm 6.5 4.3 11.9 7.0
16 Consumer credit 139.0 144.5 76.0 70.6
By borrowing sector
17 Household 541.3 506.5 650.6 661.3
18 Nonfinancial business 581.4 405.7 495.1 349.6
19 Corporate 399.8 237.7 313.5 191.3
20 Nonfarm noncorporate 170.7 162.2 170.1 153.8
21 Farm 10.9 5.7 11.5 4.4
22 State and local
government 27.2 96.3 102.5 56.6
23 Foreign net borrowing in
United States 65.7 -8.5 -50.5 -106.7
24 Commercial paper 31.7 -33.8 -3.8 -25.2
25 Bonds 23.9 21.4 -15.8 -83.9
26 Bank loans n.e.c. 11.4 14.3 -31.4 4.2
27 Other loans and advances -1.3 -10.4 .5 -1.8
28 Total domestic plus
foreign 919.6 940.6 981.9 1,170.1
Financial sectors
29 Total net borrowing by
financial sectors 809.0 915.8 828.2 1,118.6
By instrument
30 Federal government-related 433.5 432.6 674.6 818.4
31 Government-sponsored
enterprise securities 234.1 262.3 268.3 326.2
32 Mortgage pool securities 199.4 170.3 406.2 492.2
33 Loans from U.S. .0 .0 .0 .0
government
34 Private 375.5 483.3 153.7 300.2
35 Open market paper 127.7 -83.8 -77.9 -72.2
36 Corporate bonds 199.3 459.7 223.2 313.9
37 Bank loans n.e.c. -.2 24.3 10.8 1.6
38 Other loans and advances 42.5 90.6 -18.7 58.8
39 Mortgages 6.2 -7.5 16.2 -1.9
By borrowing sector
40 Commercial banking 60.0 138.1 -10.5 39.7
41 Savings institutions 27.3 55.5 3.4 39.4
42 Credit unions .0 -.6 .8 1.5
43 Life insurance companies -.7 -2.4 .1 3.5
44 Government-sponsored
enterprises 234.1 262.3 268.3 326.2
45 Federally related mortgage
pools 199.4 170.3 406.2 492.2
46 Issuers of asset-backed
securities (ABSs) 189.7 320.5 205.9 318.9
47 Finance companies 81.2 -54.0 36.8 41.8
48 Mortgage companies .1 .7 .6 .8
49 Real estate investment
trusts (REITs) 2.7 -6.1 10.5 -2.4
50 Brokers and dealers 15.6 -23.7 35.6 12.6
51 Funding corporations -.4 55.3 -129.6 -155.7
All sectors
52 Total net borrowing, all
sectors 1,728.6 1,856.5 1,810.1 2,288.7
53 Open market paper 207.6 -316.8 -215.1 -163.5
54 U.S. government securities 137.6 373.3 458.8 1,027.8
55 Municipal securities 35.3 102.9 107.3 70.0
56 Corporate and foreign
bonds 394.3 880.6 626.9 417.9
57 Bank loans n.e.c. 112.8 19.2 -141.6 -18.6
58 Other loans and advances 136.2 112.7 114.2 116.5
59 Mortgages 565.9 540.2 783.7 768.0
60 Consumer credit 139.0 144.5 76.0 70.6
Funds raised through mutual
funds and corporate equities
61 Total net issues 194.6 230.8 407.2 133.4
62 Corporate equities -40.4 114.8 133.6 -27.0
63 Nonfinancial
corporations -159.7 -25.0 -70.7 -126.6
64 Foreign shares purchased
by U.S. residents 103.6 86.1 222.9 43.5
65 Financial corporations 15.7 53.7 -18.5 56.1
66 Mutual fund shares 235.0 116.0 273.5 160.4
2001 2002
Transaction category
or sector Q4 Q1 Q2 Q3
Nonfinancial sectors
1 Total net borrowing by
domestic nonfinancial
sectors 1,213.7 927.3 1,613.7 1,329.4
By sector and instrument
2 Federal government 43.4 39.8 526.0 265.7
3 Treasury securities 44.2 41.6 524.2 264.2
4 Budget agency securities
and mortgages -.7 -1.8 1.8 1.6
5 Nonfederal 1,170.2 887.5 1,087.7 1,063.7
By instrument
6 Commercial paper 45.5 -155.7 -93.0 -28.7
7 Municipal securities and
loans 190.1 70.3 181.2 152.8
8 Corporate bonds 323.5 233.8 207.0 -23.4
9 Bank loans n.e.c. -164.5 -18.8 -192.8 -125.1
10 Other loans and advances -107.3 -20.6 77.2 84.0
11 Mortgages 732.9 696.8 831.8 944.0
12 Home 530.6 601.1 657.4 786.2
13 Multifamily
residential 56.5 29.2 44.3 35.8
14 Commercial 139.0 59.6 121.0 109.5
15 Farm 6.8 6.9 9.1 12.4
16 Consumer credit 149.9 81.7 76.4 60.1
By borrowing sector
17 Household 623.3 702.6 679.8 770.7
18 Nonfinancial business 389.2 122.6 239.5 153.2
19 Corporate 239.8 7.1 98.3 10.7
20 Nonfarm noncorporate 141.1 110.3 132.7 128.9
21 Farm 8.3 5.3 8.5 13.5
22 State and local
government 157.7 62.3 168.4 139.9
23 Foreign net borrowing in
United States 16.0 75.3 15.0 -36.8
24 Commercial paper 5.9 64.8 36.3 3.8
25 Bonds 29.7 -2.3 -41.0 -27.6
26 Bank loans n.e.c. -16.3 13.9 22.0 -11.7
27 Other loans and advances -3.3 -1.2 -2.3 -1.3
28 Total domestic plus
foreign 1,229.6 1,002.6 1,628.8 1,292.6
Financial sectors
29 Total net borrowing by
financial sectors 979.1 860.8 866.3 855.9
By instrument
30 Federal government-related 591.8 691.1 487.9 425.6
31 Government-sponsored
enterprise securities 306.5 191.3 141.7 253.2
32 Mortgage pool securities 285.3 499.8 346.2 172.4
33 Loans from U.S. .0 .0 .0 .0
government
34 Private 387.3 169.7 378.4 430.3
35 Open market paper -13.6 -178.3 -109.1 84.3
36 Corporate bonds 375.3 345.1 431.9 194.7
37 Bank loans n.e.c. 18.3 .2 31.9 82.2
38 Other loans and advances 8.9 -3.9 16.7 71.9
39 Mortgages -1.6 6.6 7.0 -2.7
By borrowing sector
40 Commercial banking 44.1 24.3 13.3 111.3
41 Savings institutions -68.6 -33.1 -12.1 -10.2
42 Credit unions 4.4 2.4 2.0 1.0
43 Life insurance companies 1.4 2.4 1.2 .7
44 Government-sponsored
enterprises 306.5 191.3 141.7 253.2
45 Federally related mortgage
pools 285.3 499.8 346.2 172.4
46 Issuers of asset-backed
securities (ABSs) 432.6 254.5 237.7 203.0
47 Finance companies -25.3 -31.2 80.2 106.4
48 Mortgage companies .6 .8 .7 .7
49 Real estate investment
trusts (REITs) 7.8 7.4 25.3 18.4
50 Brokers and dealers -18.9 -15.7 17.5 15.0
51 Funding corporations 9.1 -42.2 12.4 -16.2
All sectors
52 Total net borrowing, all
sectors 2,208.7 1,863.4 2,495.1 2,148.5
53 Open market paper 37.8 -269.2 -165.8 59.4
54 U.S. government securities 635.2 730.9 1,013.9 691.4
55 Municipal securities 190.1 70.3 181.2 152.8
56 Corporate and foreign
bonds 728.4 576.6 597.9 143.7
57 Bank loans n.e.c. -162.4 -4.6 -139.0 -54.7
58 Other loans and advances -101.8 -25.7 91.5 154.6
59 Mortgages 731.3 703.4 838.8 941.2
60 Consumer credit 149.9 81.7 76.4 60.1
Funds raised through mutual
funds and corporate equities
61 Total net issues 375.5 438.3 284.0 -90.2
62 Corporate equities 119.6 51.4 183.9 -133.1
63 Nonfinancial
corporations -25.0 -8.7 18.5 -139.0
64 Foreign shares purchased
by U.S. residents 74.7 -5.9 80.9 -68.2
65 Financial corporations 69.9 65.9 84.5 74.1
66 Mutual fund shares 255.9 386.9 100.0 42.9
(1) Data in this table also appear in th Board's Z.1. (780) quarterly
statistical release, tables F.2 through F4. For ordering address, see
inside front cover.
1.58 SUMMARY OF FINANCIAL TRANSACTIONS (1)
Billions of dollars except as noted; quarterly data at seasonally
adjusted annual rates
Transaction category
or sector 1996 1997 1998
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 1,371.7 1,538.5 2,172.8
2 Domestic nonfederal non-
financial sectors 108.2 29.8 255.2
3 Household 148.1 39.8 123.4
4 Nonfinancial corporate
business -10.2 -12.7 -16.0
5 Nonfarm noncorporate
business 4.0 2.6 13.3
6 State and local
governments -33.7 .1 134.5
7 Federal government -7.2 5.1 13.5
8 Rest of the world 379.6 259.6 172.5
9 Financial sectors 891.2 1,244.0 1,731.6
10 Monetary authority 12.3 38.3 21.1
11 Commercial banking 187.5 324.3 305.6
12 U.S.-chartered banks 119.6 274.9 312.1
13 Foreign banking
offices in United
States 63.3 40.2 -11.6
14 Bank holding
companies 3.9 5.4 -.9
15 Banks in U.S.-affi-
liated areas .7 3.7 6.0
16 Savings institutions 19.9 -4.7 36.2
17 Credit unions 25.5 16.8 18.9
18 Bank personal trusts
and estates -7.7 -25.0 -12.8
19 Life insurance
companies 69.6 104.8 76.9
20 Other insurance
companies 22.5 25.2 5.8
21 Private pension funds -4.1 47.6 -23.4
22 State and local
government retirement
funds 35.8 67.1 72.1
23 Money market mutual
funds 88.8 87.5 244.0
24 Mutual funds 48.9 80.9 127.3
25 Closed-end funds 5.2 -2.8 5.2
26 Government-sponsored
enterprises 97.1 106.3 314.0
27 Federally related
mortgage pools 141.0 114.6 192.6
28 Asset-backed securities
issuers (ABSs) 120.5 163.8 281.7
29 Finance companies 18.9 23.1 77.3
30 Mortgage companies 8.2 -9.1 3.2
31 Real estate investment
trusts (REITs) 4.4 20.2 -5.1
32 Brokers and dealers -15.7 14.9 6.8
33 Funding corporations 12.6 50.4 -15.8
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit
markets 1,371.7 1,538.5 2,172.8
Other financial sources
35 Official foreign exchange -6.3 .7 6.6
36 Special drawing rights
certificates -.5 -.5 .0
37 Treasury currency .5 .5 .6
38 Foreign deposits 85.9 107.7 6.5
39 Net interbank
transactions -51.6 -19.7 -31.8
40 Checkable deposits and
currency 15.7 41.2 47.3
41 Small time and savings
deposits 97.2 97.1 152.4
42 Large time deposits 114.0 122.5 91.8
43 Money market fund shares 145.4 155.9 287.2
44 Security repurchase
agreements 41.4 120.9 91.3
45 Corporate equities -4.2 -83.3 -165.1
46 Mutual fund shares 237.6 265.1 279.5
47 Trade payables 123.3 139.8 106.4
48 Security credit 52.4 111.0 103.2
49 Life insurance reserves 44.5 59.3 48.0
50 Pension fund reserves 148.3 201.4 217.4
51 Taxes payable 19.5 22.3 19.6
52 Investment in bank
personal trusts -5.1 -53.0 -46.1
53 Noncorporate proprietors'
equity 5.5 -40.7 -57.8
54 Miscellaneous 522.4 493.8 956.9
55 Total financial sources 2,957.8 3,280.5 4,286.6
Liabilities not identi-
fied as assets (-)
56 Treasury currency -.4 -.2 -.1
57 Foreign deposits 59.4 106.2 -8.5
58 Net interbank liabilities -3.3 -19.9 3.8
59 Security repurchase
agreements 2.4 63.2 57.7
60 Taxes payable 23.1 28.0 19.7
61 Miscellaneous -177.4 -248.3 -158.9
Floats not included in
assets (-)
62 Federal government
checkable deposits .5 -2.7 2.6
63 Other checkable deposits -4.0 -3.9 -3.1
64 Trade credit -25.7 -25.5 -43.3
65 Total identified to
sectors as assets 3,083.5 3,383.6 4,416.7
2001
Transaction category
or sector 1999 2000 Q1
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 2,155.9 1,728.6 1,856.5
2 Domestic nonfederal non-
financial sectors 253.1 -100.1 -115.9
3 Household 243.4 -103.1 -135.5
4 Nonfinancial corporate
business -15.6 5.0 -22.5
5 Nonfarm noncorporate
business -3.0 -1.2 3.2
6 State and local
governments 28.4 -.8 38.9
7 Federal government 5.8 7.3 4.4
8 Rest of the world 139.7 225.9 325.7
9 Financial sectors 1,757.3 1,595.4 1,642.3
10 Monetary authority 25.7 33.7 39.0
11 Commercial banking 312.2 357.9 130.4
12 U.S.-chartered banks 318.6 339.5 92.3
13 Foreign banking
offices in United
States -17.0 23.9 34.5
14 Bank holding
companies 6.2 -12.2 7.3
15 Banks in U.S.-affi-
liated areas 4.4 6.7 -3.6
16 Savings institutions 67.7 56.2 46.8
17 Credit unions 27.5 28.0 34.9
18 Bank personal trusts
and estates 27.8 .8 4.0
19 Life insurance
companies 53.5 57.9 111.8
20 Other insurance
companies -3.0 -8.7 2.1
21 Private pension funds 17.0 33.4 20.7
22 State and local
government retirement
funds 46.9 54.6 -70.7
23 Money market mutual
funds 182.0 143.0 326.4
24 Mutual funds 48.4 21.0 93.0
25 Closed-end funds 8.2 -6.3 -6.9
26 Government-sponsored
enterprises 291.3 256.4 329.2
27 Federally related
mortgage pools 273.8 199.4 170.3
28 Asset-backed securities
issuers (ABSs) 194.1 159.9 292.5
29 Finance companies 97.0 108.0 8.9
30 Mortgage companies .3 .2 1.4
31 Real estate investment
trusts (REITs) -2.6 -6.3 4.0
32 Brokers and dealers -34.7 68.9 242.3
33 Funding corporations 124.0 37.4 -137.9
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit
markets 2,155.9 1,728.6 1,856.5
Other financial sources
35 Official foreign exchange -8.7 -.4 -1.5
36 Special drawing rights
certificates -3.0 -4.0 .0
37 Treasury currency 1.0 2.4 -1.1
38 Foreign deposits 61.0 135.1 228.3
39 Net interbank
transactions 15.0 15.1 -141.8
40 Checkable deposits and
currency 151.2 -71.4 164.1
41 Small time and savings
deposits 45.1 188.8 266.9
42 Large time deposits 131.1 116.2 133.9
43 Money market fund shares 249.1 233.3 578.4
44 Security repurchase
agreements 169.8 113.2 -94.3
45 Corporate equities -33.1 -40.4 114.8
46 Mutual fund shares 191.2 235.0 116.0
47 Trade payables 268.6 170.2 186.4
48 Security credit 104.4 146.1 -91.1
49 Life insurance reserves 50.8 50.2 62.3
50 Pension fund reserves 181.8 209.0 295.9
51 Taxes payable 23.2 21.7 4.3
52 Investment in bank
personal trusts -8.1 56.6 27.1
53 Noncorporate proprietors'
equity -38.7 -10.2 -19.7
54 Miscellaneous 1,053.8 1,164.9 748.6
55 Total financial sources 4,761.4 4,460.0 4,434.1
Liabilities not identi-
fied as assets (-)
56 Treasury currency -.7 -1.2 -3.6
57 Foreign deposits 42.6 55.9 182.1
58 Net interbank liabilities .1 20.4 21.8
59 Security repurchase
agreements 35.7 118.6 -277.2
60 Taxes payable 11.7 26.2 24.9
61 Miscellaneous -290.4 -398.0 -253.8
Floats not included in
assets (-)
62 Federal government
checkable deposits -7.4 9.0 64.9
63 Other checkable deposits -.8 1.7 3.6
64 Trade credit 2.8 26.1 48.1
65 Total identified to
sectors as assets 4,967.7 4,601.5 4,623.2
2001
Transaction category
or sector Q2 Q3 Q4
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 1,810.1 2,288.7 2,208.7
2 Domestic nonfederal non-
financial sectors -165.2 1.1 16.4
3 Household -174.4 -5.6 -33.8
4 Nonfinancial corporate
business -24.6 -34.1 5.8
5 Nonfarm noncorporate
business .3 3.3 2.0
6 State and local
governments 33.5 37.4 42.4
7 Federal government 9.4 3.3 7.0
8 Rest of the world 254.9 269.2 432.5
9 Financial sectors 1,711.1 2,015.1 1,752.8
10 Monetary authority 26.9 8.4 85.1
11 Commercial banking 107.8 267.9 314.6
12 U.S.-chartered banks 156.5 242.5 275.0
13 Foreign banking
offices in United
States -50.1 21.1 -7.8
14 Bank holding
companies -2.8 -1.4 13.6
15 Banks in U.S.-affi-
liated areas 4.2 5.7 33.9
16 Savings institutions 55.8 -4.7 73.1
17 Credit unions 9.6 61.1 60.5
18 Bank personal trusts
and estates 5.5 4.9 8.9
19 Life insurance
companies 143.6 186.9 81.3
20 Other insurance
companies .1 5.1 28.5
21 Private pension funds 44.7 10.4 5.3
22 State and local
government retirement
funds 77.0 -74.2 -2.7
23 Money market mutual
funds 210.0 339.3 108.4
24 Mutual funds 169.1 102.7 139.3
25 Closed-end funds -4.9 24.4 14.8
26 Government-sponsored
enterprises 297.2 274.3 335.3
27 Federally related
mortgage pools 406.2 492.2 285.3
28 Asset-backed securities
issuers (ABSs) 177.6 293.4 409.9
29 Finance companies 112.1 -43.1 -100.5
30 Mortgage companies 1.1 1.7 1.2
31 Real estate investment
trusts (REITs) 1.1 7.8 14.0
32 Brokers and dealers 53.4 184.5 -110.5
33 Funding corporations -182.9 -128.0 1.0
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit
markets 1,810.1 2,288.7 2,208.7
Other financial sources
35 Official foreign exchange 4.7 13.7 .2
36 Special drawing rights
certificates .0 .0 .0
37 Treasury currency 1.1 .0 .0
38 Foreign deposits -175.9 41.5 17.9
39 Net interbank
transactions -25.4 -1.1 41.5
40 Checkable deposits and
currency 155.2 212.1 278.9
41 Small time and savings
deposits 242.1 230.3 329.7
42 Large time deposits 43.0 19.5 77.8
43 Money market fund shares 370.0 386.1 379.8
44 Security repurchase
agreements 114.0 215.6 -139.1
45 Corporate equities 133.6 -27.0 119.6
46 Mutual fund shares 273.5 160.4 255.9
47 Trade payables -119.6 -47.3 -96.5
48 Security credit -73.9 561.3 -383.7
49 Life insurance reserves 52.2 74.7 119.6
50 Pension fund reserves 209.1 180.3 150.8
51 Taxes payable 14.8 104.9 -67.0
52 Investment in bank
personal trusts 31.9 31.7 35.2
53 Noncorporate proprietors'
equity -26.4 -44.6 -1.8
54 Miscellaneous 867.3 857.0 190.9
55 Total financial sources 3,901.5 5,258.0 3,518.4
Liabilities not identi-
fied as assets (-)
56 Treasury currency -.5 -1.4 .0
57 Foreign deposits -166.8 54.5 -28.7
58 Net interbank liabilities 17.0 7.4 22.6
59 Security repurchase
agreements 124.6 110.4 -166.8
60 Taxes payable 3.1 25.4 22.8
61 Miscellaneous -538.9 84.5 -197.6
Floats not included in
assets (-)
62 Federal government
checkable deposits 64.7 -23.0 -91.1
63 Other checkable deposits 3.9 5.0 5.7
64 Trade credit 28.6 -49.3 37.8
65 Total identified to
sectors as assets 4,365.7 5,044.4 3,913.8
2002
Transaction category
or sector Q1 Q2 Q3
NET LENDING IN CREDIT
MARKETS (2)
1 Total net lending in
credit markets 1,863.4 2,495.1 2,148.5
2 Domestic nonfederal non-
financial sectors 167.8 257.4 -233.8
3 Household 115.9 207.0 -250.3
4 Nonfinancial corporate
business 49.7 4.5 .8
5 Nonfarm noncorporate
business 3.3 3.3 -2.2
6 State and local
governments -1.1 42.5 17.8
7 Federal government 4.7 8.9 7.3
8 Rest of the world 171.8 566.1 561.7
9 Financial sectors 1,519.1 1,662.7 1,813.3
10 Monetary authority 81.6 43.4 67.3
11 Commercial banking 188.9 384.3 623.5
12 U.S.-chartered banks 168.2 343.8 599.6
13 Foreign banking
offices in United
States 2.1 33.7 21.5
14 Bank holding
companies 12.0 1.9 -1.6
15 Banks in U.S.-affi-
liated areas 6.6 4.9 4.0
16 Savings institutions 12.3 -23.5 80.7
17 Credit unions 58.3 41.1 39.9
18 Bank personal trusts
and estates 11.3 11.4 4.9
19 Life insurance
companies 260.6 175.1 229.1
20 Other insurance
companies 36.7 35.4 35.3
21 Private pension funds 27.4 45.9 35.5
22 State and local
government retirement
funds 70.5 -54.5 -33.0
23 Money market mutual
funds -296.8 -122.3 -42.1
24 Mutual funds 243.3 42.0 164.8
25 Closed-end funds 20.9 2.2 11.6
26 Government-sponsored
enterprises 236.7 129.0 174.8
27 Federally related
mortgage pools 499.8 346.2 172.4
28 Asset-backed securities
issuers (ABSs) 230.3 215.5 180.4
29 Finance companies -28.2 39.6 79.1
30 Mortgage companies 1.6 1.4 1.5
31 Real estate investment
trusts (REITs) 26.3 31.8 25.0
32 Brokers and dealers -219.5 403.0 -191.4
33 Funding corporations 56.8 -84.3 139.1
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Net flows through credit
markets 1,863.4 2,495.1 2,148.5
Other financial sources
35 Official foreign exchange -3.0 12.9 5.6
36 Special drawing rights
certificates .0 .0 .0
37 Treasury currency .0 .0 .0
38 Foreign deposits -59.1 89.3 40.0
39 Net interbank
transactions -1.2 -149.3 48.7
40 Checkable deposits and
currency 3.2 285.9 284.6
41 Small time and savings
deposits 259.7 249.0 325.6
42 Large time deposits 270.0 34.9 28.1
43 Money market fund shares -315.7 103.4 -192.6
44 Security repurchase
agreements -55.8 252.8 -135.9
45 Corporate equities 51.4 183.9 -133.1
46 Mutual fund shares 386.9 100.0 42.9
47 Trade payables 217.9 67.0 148.1
48 Security credit -190.7 -129.4 -118.2
49 Life insurance reserves 93.9 92.2 117.4
50 Pension fund reserves 134.1 145.5 263.4
51 Taxes payable 20.4 62.4 -60.4
52 Investment in bank
personal trusts 26.5 26.8 20.7
53 Noncorporate proprietors'
equity -13.2 -51.8 -75.9
54 Miscellaneous 132.6 523.3 752.1
55 Total financial sources 2,821.3 4,394.0 3,509.7
Liabilities not identi-
fied as assets (-)
56 Treasury currency -2.4 -.7 -1.3
57 Foreign deposits -36.6 130.9 9.7
58 Net interbank liabilities 39.4 -9.3 12.2
59 Security repurchase
agreements -17.3 115.9 -349.8
60 Taxes payable 31.1 -30.3 74.6
61 Miscellaneous -396.0 -86.9 152.8
Floats not included in
assets (-)
62 Federal government
checkable deposits 190.3 185.7 28.0
63 Other checkable deposits 6.1 7.1 7.6
64 Trade credit 3.1 -72.7 -1.6
65 Total identified to
sectors as assets 3,003.6 4,154.3 3,577.6
(1.) Data in this table also appear in the Board's Z.1 (780) quarterly
statistical release, tables F.1 and F.5. For ordering address, see
inside front cover.
(2.) Excludes corporate equities and mutual fund shares.
1.59 SUMMARY OF CREDIT MARKET DEBT OUTSTANDING (1)
Billions of dollars, end of period
Transaction
category or sector 1997 1998 1999
Nonfinancial sectors
1 Total credit market
debt owed by
domestic nonfinan-
cial sectors 15,243.1 16,285.5 17,377.6
By sector and
instrument
2 Federal government 3,804.8 3,752.2 3,681.0
3 Treasury securities 3,778.3 3,723.7 3,652.7
4 Budget agency
securities
and mortgages 26.5 28.5 28.3
5 Nonfederal 11,438.3 12,533.3 13,696.7
By instrument
6 Commercial paper 168.6 193.0 230.3
7 Municipal securities
and loans 1,367.5 1,464.3 1,532.5
8 Corporate bonds 1,610.9 1,829.6 2,059.5
9 Bank loans n.e.c. 1,040.4 1,148.6 1,231.4
10 Other loans and
advances 825.1 907.2 953.5
11 Mortgages 5,154.3 5,644.1 6,243.4
12 Home 3,978.3 4,366.0 4,790.6
13 Multifamily
residential 284.6 308.0 343.9
14 Commercial 801.4 873.6 1,006.5
15 Farm 90.0 96.6 102.3
16 Consumer credit 1,271.6 1,346.6 1,446.1
By borrowing sector
17 Households 5,556.9 6,011.8 6,510.0
18 Nonfinancial
business 4,761.9 5,321.7 5,934.5
19 Corporate 3,382.0 3,774.1 4,199.0
20 Nonfarm
noncorporate 1,224.0 1,383.7 1,566.1
21 Farm 155.9 163.9 169.4
22 State and local
government 1,119.5 1,199.8 1,252.1
23 Foreign credit market
debt held in United
States 607.9 651.3 676.7
24 Commercial paper 65.1 72.9 89.2
25 Bonds 427.7 462.6 476.7
26 Bank loans n.e.c. 52.1 58.7 59.2
27 Other loans and
advances 63.0 57.1 51.6
28 Total credit market
debt owed by nonfi-
nancial sectors,
domestic and foreign 15,851.0 16,936.8 18,054.3
Financial sectors
29 Total credit market
debt owed by
financial sectors 5,458.0 6,545.2 7,618.5
By instrument
30 Federal government-
related 2,821.1 3,292.0 3,884.0
31 Government-sponsored
enterprise
securities 995.3 1,273.6 1,591.7
32 Mortgage pool
securities 1,825.8 2,018.4 2,292.2
33 Loans from U.S.
government .0 .0 .0
34 Private 2,636.9 3,253.2 3,734.6
35 Open market paper 745.7 906.7 1,082.9
36 Corporate bonds 1,568.6 1,878.7 2,085.9
37 Bank loans n.e.c. 77.3 107.5 93.2
38 Other loans and
advances 198.5 288.7 395.8
39 Mortgages 46.8 71.6 76.7
By borrowing sector
40 Commercial banks 140.6 188.6 230.0
41 Bank holding companies 168.6 193.5 219.3
42 Savings institutions 160.3 212.4 260.4
43 Credit unions .6 1.1 3.4
44 Life insurance
companies 1.8 2.5 3.2
45 Government-sponsored
enterprises 995.3 1,273.6 1,591.7
46 Federally related
mortgage pools 1,825.8 2,018.4 2,292.2
47 Issuers of
asset-backed
securities (ABSs) 1,076.6 1,398.0 1,610.3
48 Brokers and dealers 35.3 42.5 25.3
49 Finance companies 568.3 625.5 695.7
50 Mortgage companies 16.0 17.7 17.8
51 Real estate investment
trusts (REITs) 96.1 158.8 165.1
52 Funding corporations 372.6 412.6 504.0
All sectors
53 Total credit market
debt, domestic and
foreign 21,309.1 23,482.0 25,672.8
54 Open market paper 979.4 1,172.6 1,402.4
55 U.S. government
securities 6,625.9 7,044.2 7,564.9
56 Municipal securities 1,367.5 1,464.3 1,532.5
57 Corporate and foreign
bonds 3,607.2 4,170.9 4,622.0
58 Bank loans n.e.c. 1,169.8 1,314.8 1,383.8
59 Other loans and
advances 1,086.5 1,253.0 1,400.9
60 Mortgages 5,201.1 5,715.7 6,320.1
61 Consumer credit 1,271.6 1,346.6 1,446.1
2001
Transaction
category or sector 2000 Q1 Q2
Nonfinancial sectors
1 Total credit market
debt owed by
domestic nonfinan-
cial sectors 18,250.6 18,498.8 18,673.4
By sector and
instrument
2 Federal government 3,385.1 3,408.8 3,251.4
3 Treasury securities 3,357.8 3,382.0 3,224.3
4 Budget agency
securities
and mortgages 27.3 26.8 27.0
5 Nonfederal 14,865.5 15,090.1 15,422.0
By instrument
6 Commercial paper 278.4 253.2 223.3
7 Municipal securities
and loans 1,567.8 1,597.5 1,629.8
8 Corporate bonds 2,230.6 2,330.4 2,435.3
9 Bank loans n.e.c. 1,333.1 1,320.7 1,293.6
10 Other loans and
advances 1,059.6 1,073.6 1,103.6
11 Mortgages 6,803.0 6,929.3 7,128.2
12 Home 5,204.3 5,299.4 5,458.4
13 Multifamily
residential 379.2 388.6 398.8
14 Commercial 1,110.7 1,131.3 1,158.0
15 Farm 108.9 110.0 113.0
16 Consumer credit 1,593.1 1,585.3 1,608.1
By borrowing sector
17 Households 7,070.4 7,139.3 7,315.1
18 Nonfinancial
business 6,515.9 6,643.3 6,769.0
19 Corporate 4,598.9 4,686.1 4,736.7
20 Nonfarm
noncorporate 1,736.8 1,777.5 1,820.1
21 Farm 180.2 179.7 185.2
22 State and local
government 1,279.3 1,307.5 1,337.8
23 Foreign credit market
debt held in United
States 742.3 740.4 726.1
24 Commercial paper 120.9 112.8 110.1
25 Bonds 500.6 505.9 502.0
26 Bank loans n.e.c. 70.5 74.1 66.2
27 Other loans and
advances 50.3 47.5 47.7
28 Total credit market
debt owed by nonfi-
nancial sectors,
domestic and foreign 18,993.0 19,239.2 19,399.4
Financial sectors
29 Total credit market
debt owed by
financial sectors 8,439.5 8,647.8 8,851.0
By instrument
30 Federal government-
related 4,317.4 4,422.9 4,591.6
31 Government-sponsored
enterprise
securities 1,825.8 1,888.7 1,955.8
32 Mortgage pool
securities 2,491.6 2,534.2 2,635.7
33 Loans from U.S.
government .0 .0 .0
34 Private 4,122.0 4,224.8 4,259.4
35 Open market paper 1,210.7 1,180.8 1,144.5
36 Corporate bonds 2,297.2 2,414.8 2,478.7
37 Bank loans n.e.c. 93.0 97.3 100.4
38 Other loans and
advances 438.3 450.9 450.7
39 Mortgages 82.9 81.1 85.1
By borrowing sector
40 Commercial banks 266.7 273.8 274.7
41 Bank holding companies 242.5 266.5 269.0
42 Savings institutions 287.7 295.1 294.4
43 Credit unions 3.4 3.2 3.5
44 Life insurance
companies 2.5 1.9 1.9
45 Government-sponsored
enterprises 1,825.8 1,888.7 1,955.8
46 Federally related
mortgage pools 2,491.6 2,534.2 2,635.7
47 Issuers of
asset-backed
securities (ABSs) 1,812.0 1,884.5 1,937.3
48 Brokers and dealers 40.9 35.0 43.9
49 Finance companies 776.9 756.2 769.0
50 Mortgage companies 17.9 18.1 18.2
51 Real estate investment
trusts (REITs) 167.8 166.2 168.9
52 Funding corporations 503.7 524.3 478.6
All sectors
53 Total credit market
debt, domestic and
foreign 27,432.4 27,886.9 28,250.4
54 Open market paper 1,610.0 1,546.8 1,477.9
55 U.S. government
securities 7,702.5 7,831.7 7,842.9
56 Municipal securities 1,567.8 1,597.5 1,629.8
57 Corporate and foreign
bonds 5,028.3 5,251.1 5,416.0
58 Bank loans n.e.c. 1,496.6 1,492.1 1,460.2
59 Other loans and
advances 1,548.2 1,572.0 1,602.0
60 Mortgages 6,886.0 7,010.3 7,213.3
61 Consumer credit 1,593.1 1,585.3 1,608.1
2001
Transaction
category or sector Q3 Q4
Nonfinancial sectors
1 Total credit market
debt owed by
domestic nonfinan-
cial sectors 18,988.9 19,369.2
By sector and
instrument
2 Federal government 3,320.0 3,379.5
3 Treasury securities 3,293.0 3,352.7
4 Budget agency
securities
and mortgages 27.0 26.8
5 Nonfederal 15,669.0 15,989.7
By instrument
6 Commercial paper 201.3 190.1
7 Municipal securities
and loans 1,635.3 1,685.4
8 Corporate bonds 2,482.3 2,563.2
9 Bank loans n.e.c. 1,285.1 1,251.4
10 Other loans and
advances 1,110.1 1,088.8
11 Mortgages 7,324.4 7,507.6
12 Home 5,602.1 5,734.6
13 Multifamily
residential 412.9 427.0
14 Commercial 1,194.8 1,229.6
15 Farm 114.6 116.3
16 Consumer credit 1,630.5 1,703.3
By borrowing sector
17 Households 7,486.9 7,680.8
18 Nonfinancial
business 6,841.4 6,926.4
19 Corporate 4,798.1 4,845.1
20 Nonfarm
noncorporate 1,857.4 1,893.6
21 Farm 185.9 187.7
22 State and local
government 1,340.6 1,382.5
23 Foreign credit market
debt held in United
States 701.7 704.9
24 Commercial paper 106.3 106.7
25 Bonds 481.0 488.4
26 Bank loans n.e.c. 67.3 63.2
27 Other loans and
advances 47.0 46.6
28 Total credit market
debt owed by nonfi-
nancial sectors,
domestic and foreign 19,690.6 20,074.1
Financial sectors
29 Total credit market
debt owed by
financial sectors 9,121.3 9,397.2
By instrument
30 Federal government-
related 4,796.2 4,944.1
31 Government-sponsored
enterprise
securities 2,037.4 2,114.0
32 Mortgage pool
securities 2,758.8 2,830.1
33 Loans from U.S.
government .0 .0
34 Private 4,325.2 4,453.1
35 Open market paper 1,110.2 1,148.8
36 Corporate bonds 2,562.9 2,640.2
37 Bank loans n.e.c. 100.2 106.8
38 Other loans and
advances 467.2 473.2
39 Mortgages 84.6 84.2
By borrowing sector
40 Commercial banks 281.4 296.0
41 Bank holding companies 272.7 266.1
42 Savings institutions 305.6 295.1
43 Credit unions 3.8 4.9
44 Life insurance
companies 2.8 3.1
45 Government-sponsored
enterprises 2,037.4 2,114.0
46 Federally related
mortgage pools 2,758.8 2,830.1
47 Issuers of
asset-backed
securities (ABSs) 2,020.3 2,131.4
48 Brokers and dealers 47.1 42.3
49 Finance companies 771.2 776.7
50 Mortgage companies 18.5 18.6
51 Real estate investment
trusts (REITs) 168.3 170.2
52 Funding corporations 433.6 448.4
All sectors
53 Total credit market
debt, domestic and
foreign 28,811.9 29,471.4
54 Open market paper 1,417.8 1,445.6
55 U.S. government
securities 8,116.2 8,323.6
56 Municipal securities 1,635.3 1,685.4
57 Corporate and foreign
bonds 5,526.2 5,691.8
58 Bank loans n.e.c. 1,452.6 1,421.4
59 Other loans and
advances 1,624.4 1,608.6
60 Mortgages 7,409.0 7,591.8
61 Consumer credit 1,630.5 1,703.3
2002
Transaction
category or sector Q1 Q2 Q3
Nonfinancial sectors
1 Total credit market
debt owed by
domestic nonfinan-
cial sectors 19,601.0 19,915.4 20,257.3
By sector and
instrument
2 Federal government 3,430.3 3,451.4 3,540.8
3 Treasury securities 3,404.0 3,424.6 3,513.6
4 Budget agency
securities
and mortgages 26.3 26.8 27.2
5 Nonfederal 16,170.7 16,464.1 16,716.4
By instrument
6 Commercial paper 167.5 148.4 142.2
7 Municipal securities
and loans 1,707.5 1,758.2 1,783.8
8 Corporate bonds 2,621.6 2,673.4 2,667.5
9 Bank loans n.e.c. 1,237.3 1,192.1 1,159.1
10 Other loans and
advances 1,089.2 1,105.6 1,118.2
11 Mortgages 7,670.4 7,886.0 8,125.1
12 Home 5,873.4 6,045.4 6,245.2
13 Multifamily
residential 434.3 445.4 454.4
14 Commercial 1,244.5 1,274.7 1,302.1
15 Farm 118.1 120.4 123.4
16 Consumer credit 1,677.2 1,700.3 1,720.6
By borrowing sector
17 Households 7,794.2 7,979.0 8,178.3
18 Nonfinancial
business 6,973.7 7,035.5 7,065.5
19 Corporate 4,865.2 4,889.0 4,885.2
20 Nonfarm
noncorporate 1,921.3 1,954.6 1,985.6
21 Farm 187.1 191.8 194.7
22 State and local
government 1,402.8 1,449.6 1,472.6
23 Foreign credit market
debt held in United
States 724.2 725.6 719.1
24 Commercial paper 123.6 130.2 134.0
25 Bonds 487.9 477.6 470.7
26 Bank loans n.e.c. 66.7 72.2 69.3
27 Other loans and
advances 46.0 45.5 45.0
28 Total credit market
debt owed by nonfi-
nancial sectors,
domestic and foreign 20,325.2 20,641.0 20,976.3
Financial sectors
29 Total credit market
debt owed by
financial sectors 9,591.4 9,803.4 10,007.3
By instrument
30 Federal government-
related 5,116.9 5,238.9 5,345.3
31 Government-sponsored
enterprise
securities 2,161.8 2,197.2 2,260.5
32 Mortgage pool
securities 2,955.1 3,041.6 3,084.8
33 Loans from U.S.
government .0 .0 .0
34 Private 4,474.5 4,564.5 4,662.0
35 Open market paper 1,090.9 1,046.9 1,049.5
36 Corporate bonds 2,730.3 2,845.8 2,901.2
37 Bank loans n.e.c. 105.1 113.5 133.2
38 Other loans and
advances 462.4 470.8 491.2
39 Mortgages 85.9 87.6 86.9
By borrowing sector
40 Commercial banks 295.8 310.4 331.6
41 Bank holding companies 269.0 264.2 271.4
42 Savings institutions 280.5 275.3 274.5
43 Credit unions 5.5 6.0 6.3
44 Life insurance
companies 3.7 4.0 4.2
45 Government-sponsored
enterprises 2,161.8 2,197.2 2,260.5
46 Federally related
mortgage pools 2,955.1 3,041.6 3,084.8
47 Issuers of
asset-backed
securities (ABSs) 2,187.3 2,248.2 2,302.3
48 Brokers and dealers 38.4 42.8 46.6
49 Finance companies 760.8 784.9 802.9
50 Mortgage companies 18.8 19.0 19.2
51 Real estate investment
trusts (REITs) 172.1 178.4 183.0
52 Funding corporations 442.6 431.3 420.1
All sectors
53 Total credit market
debt, domestic and
foreign 29,916.6 30,444.4 30,983.6
54 Open market paper 1,382.0 1,325.5 1,325.7
55 U.S. government
securities 8,547.2 8,690.2 8,886.1
56 Municipal securities 1,707.5 1,758.2 1,783.8
57 Corporate and foreign
bonds 5,839.7 5,996.7 6,039.4
58 Bank loans n.e.c. 1,409.1 1,377.8 1,361.6
59 Other loans and
advances 1,597.6 1,622.0 1,654.4
60 Mortgages 7,756.2 7,973.6 8,212.0
61 Consumer credit 1,677.2 1,700.3 1,720.6
(1.) Data in this table appear in the Board's Z.1 (780) quarterly
statistical release, tables L.2 through L.4. For ordering address,
see inside front cover.
1.60 SUMMARY OF FINANCIAL ASSETS AND LIABILITIES (1)
Billions of dollars except as noted, end of period
Transaction
category or sector 1997 1998 1999
CREDIT MARKET
DEBT OUTSTANDING (2)
1 Total credit market
assets 21,309.1 23,482.0 25,672.8
2 Domestic nonfederal
nonfinancial
sectors 3,110.2 3,357.4 3,671.5
3 Household 2,193.5 2,308.9 2,613.2
4 Nonfinancial corpo-
rate business 257.5 241.5 226.0
5 Nonfarm noncorporate
business 54.2 67.5 64.4
6 State and local
governments 605.0 739.4 767.8
7 Federal government 205.4 219.0 258.0
8 Rest of the world 2,097.7 2,278.2 2,354.6
9 Financial sectors 15,895.8 17,627.4 19,388.8
10 Monetary authority 431.4 452.5 478.1
11 Commercial banking 4,031.9 4,336.1 4,648.3
12 U.S.-chartered
banks 3,450.7 3,761.4 4,080.0
13 Foreign banking
offices in
United States 516.1 504.5 487.4
14 Bank holding
companies 27.4 26.5 32.7
15 Banks in U.S.-
affiliated areas 37.8 43.8 48.3
16 Savings institutions 928.5 964.7 1,032.4
17 Credit unions 305.3 324.2 351.7
18 Bank personal trusts
and estates 207.0 194.1 222.0
19 Life insurance
companies 1,751.1 1,828.0 1,886.0
20 Other insurance
companies 515.3 521.1 518.2
21 Private pension
funds 674.6 651.2 668.2
22 State and local
government
retirement funds 632.5 704.6 751.4
23 Money market mutual
funds 721.9 965.9 1,147.8
24 Mutual funds 901.1 1,028.4 1,076.8
25 Closed-end funds 93.3 98.5 106.8
26 Government-sponsored
enterprises 938.3 1,252.3 1,543.5
27 Federally related
mortgage pools 1,825.8 2,018.4 2,292.2
28 Asset-backed
securities (ABSs)
issuers 937.7 1,219.4 1,413.6
29 Finance companies 568.2 645.5 742.5
30 Mortgage companies 32.1 35.3 35.6
31 Real estate
investment trusts
(REITs) 50.6 45.5 42.9
32 Brokers and dealers 182.6 189.4 154.7
33 Funding corporations 166.7 152.3 276.0
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 21,309.1 23,482.0 25,672.8
Other liabilities
35 Official foreign
exchange 48.9 60.1 50.1
36 Special drawing rights
certificates 9.2 9.2 6.2
37 Treasury currency 19.3 19.9 20.9
38 Foreign deposits 618.5 642.3 703.6
39 Net interbank
liabilities 219.4 189.4 202.4
40 Checkable deposits and
currency 1,286.1 1,333.3 1,484.5
41 Small time and savings
deposits 2,474.2 2,626.5 2,671.6
42 Large time deposits 713.4 805.3 936.4
43 Money market fund
shares 1,042.5 1,329.7 1,578.8
44 Security repurchase
agreements 822.4 913.8 1,083.6
45 Mutual fund shares 2,989.4 3,613.1 4,538.5
46 Security credit 469.1 572.2 676.6
47 Life insurance
reserves 665.0 718.3 783.9
48 Pension fund reserves 7,323.4 8,208.4 9,065.3
49 Trade payables 1,967.4 2,073.8 2,342.4
50 Taxes payable 151.1 170.7 193.9
51 Investment in bank
personal trusts 942.5 1,001.0 1,130.4
52 Miscellaneous 6,733.1 7,633.7 8,500.3
53 Total liabilities 49,803.8 55,402.6 61,642.2
Financial assets
not included in
liabilities (+)
54 Gold and special
drawing rights 21.1 21.6 21.4
55 Corporate equities 13,301.7 15,577.3 19,581.2
56 Household equity
in noncorporate
business 4,052.7 4,285.7 4,544.3
Liabilities not
identified as
assets (-)
57 Treasury currency -6.3 -6.4 -7.1
58 Foreign deposits 535.0 542.8 585.7
59 Net interbank
transactions -32.2 -26.5 -28.5
60 Security repurchase
agreements 172.9 230.6 266.4
61 Taxes payable 104.2 121.2 121.9
62 Miscellaneous -1,376.7 -1,956.2 -2,436.0
Floats not included in
assets (-)
63 Federal government
checkable deposits -8.1 -3.9 -9.8
64 Other checkable
deposits 26.2 23.1 22.3
65 Trade credit 128.1 84.8 91.7
66 Totals identified to
sectors as assets 67,636.1 76,277.7 87,182.4
2001
Transaction
category or sector 2000 Q1 Q2
CREDIT MARKET
DEBT OUTSTANDING (2)
1 Total credit market
assets 27,432.4 27,886.9 28,250.4
2 Domestic nonfederal
nonfinancial
sectors 3,542.8 3,488.1 3,426.6
3 Household 2,481.5 2,440.5 2,370.4
4 Nonfinancial corpo-
rate business 231.0 206.2 203.0
5 Nonfarm noncorporate
business 63.2 64.0 64.1
6 State and local
governments 767.0 777.4 789.1
7 Federal government 265.3 266.4 268.7
8 Rest of the world 2,621.1 2,706.0 2,766.8
9 Financial sectors 21,003.3 21,426.4 21,788.2
10 Monetary authority 511.8 523.9 535.1
11 Commercial banking 5,006.3 5,013.8 5,041.5
12 U.S.-chartered
banks 4,419.5 4,420.8 4,463.5
13 Foreign banking
offices in
United States 511.3 516.6 501.3
14 Bank holding
companies 20.5 22.3 21.6
15 Banks in U.S.-
affiliated areas 55.0 54.1 55.1
16 Savings institutions 1,088.6 1,100.5 1,116.1
17 Credit unions 379.7 387.0 392.4
18 Bank personal trusts
and estates 222.8 223.8 225.2
19 Life insurance
companies 1,943.9 1,969.6 2,004.8
20 Other insurance
companies 509.4 510.0 510.0
21 Private pension
funds 701.6 706.8 718.0
22 State and local
government
retirement funds 806.0 788.3 807.6
23 Money market mutual
funds 1,290.9 1,404.2 1,414.3
24 Mutual funds 1,097.8 1,113.9 1,160.3
25 Closed-end funds 100.5 98.7 97.5
26 Government-sponsored
enterprises 1,807.1 1,877.7 1,956.1
27 Federally related
mortgage pools 2,491.6 2,534.2 2,635.7
28 Asset-backed
securities (ABSs)
issuers 1,585.4 1,650.9 1,696.6
29 Finance companies 850.5 848.0 878.5
30 Mortgage companies 35.9 36.2 36.5
31 Real estate
investment trusts
(REITs) 36.6 37.6 37.9
32 Brokers and dealers 223.6 317.7 288.4
33 Funding corporations 313.4 283.7 235.7
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 27,432.4 27,886.9 28,250.4
Other liabilities
35 Official foreign
exchange 46.1 42.8 43.4
36 Special drawing rights
certificates 2.2 2.2 2.2
37 Treasury currency 23.2 22.9 23.2
38 Foreign deposits 824.5 881.6 837.6
39 Net interbank
liabilities 221.2 156.7 158.7
40 Checkable deposits and
currency 1,413.1 1,404.9 1,448.4
41 Small time and savings
deposits 2,860.4 2,962.7 2,992.4
42 Large time deposits 1,052.6 1,077.0 1,087.3
43 Money market fund
shares 1,812.1 1,994.7 2,014.7
44 Security repurchase
agreements 1,196.8 1,187.4 1,206.6
45 Mutual fund shares 4,434.6 3,990.4 4,259.5
46 Security credit 822.7 799.3 781.5
47 Life insurance
reserves 819.1 823.0 840.3
48 Pension fund reserves 9,069.0 8,584.0 8,862.6
49 Trade payables 2,512.6 2,536.4 2,498.4
50 Taxes payable 215.6 223.3 222.5
51 Investment in bank
personal trusts 1,095.8 1,007.9 1,063.3
52 Miscellaneous 9,427.9 9,862.5 10,140.3
53 Total liabilities 65,281.9 65,446.6 66,733.3
Financial assets
not included in
liabilities (+)
54 Gold and special
drawing rights 21.6 21.4 21.5
55 Corporate equities 17,611.9 15,347.5 16,281.6
56 Household equity
in noncorporate
business 4,765.8 4,807.7 4,823.5
Liabilities not
identified as
assets (-)
57 Treasury currency -8.5 -9.4 -9.5
58 Foreign deposits 627.4 673.0 631.3
59 Net interbank
transactions -4.3 1.1 3.8
60 Security repurchase
agreements 385.0 341.4 376.2
61 Taxes payable 127.7 111.9 131.7
62 Miscellaneous -2,968.9 -2,919.9 -2,862.5
Floats not included in
assets (-)
63 Federal government
checkable deposits -2.3 -2.8 -4.8
64 Other checkable
deposits 24.0 21.1 25.5
65 Trade credit 117.7 84.6 63.8
66 Totals identified to
sectors as assets 89,383.3 87,322.3 89,504.4
2001
Transaction
category or sector Q3 Q4
CREDIT MARKET
DEBT OUTSTANDING (2)
1 Total credit market
assets 28,811.9 29,471.4
2 Domestic nonfederal
nonfinancial
sectors 3,409.2 3,463.3
3 Household 2,354.6 2,380.6
4 Nonfinancial corpo-
rate business 195.0 212.2
5 Nonfarm noncorporate
business 64.9 65.4
6 State and local
governments 794.6 805.1
7 Federal government 269.6 271.3
8 Rest of the world 2,837.5 2,954.4
9 Financial sectors 22,295.7 22,782.4
10 Monetary authority 534.1 551.7
11 Commercial banking 5,100.6 5,210.5
12 U.S.-chartered
banks 4,513.5 4,610.1
13 Foreign banking
offices in
United States 509.3 510.7
14 Bank holding
companies 21.3 24.7
15 Banks in U.S.-
affiliated areas 56.5 65.0
16 Savings institutions 1,118.1 1,131.4
17 Credit unions 408.4 421.2
18 Bank personal trusts
and estates 226.4 228.6
19 Life insurance
companies 2,054.8 2,074.8
20 Other insurance
companies 511.3 518.4
21 Private pension
funds 720.6 721.9
22 State and local
government
retirement funds 789.0 788.4
23 Money market mutual
funds 1,494.9 1,536.9
24 Mutual funds 1,188.2 1,223.8
25 Closed-end funds 103.6 107.3
26 Government-sponsored
enterprises 2,026.1 2,114.3
27 Federally related
mortgage pools 2,758.8 2,830.1
28 Asset-backed
securities (ABSs)
issuers 1,773.3 1,878.7
29 Finance companies 859.5 844.8
30 Mortgage companies 36.9 37.2
31 Real estate
investment trusts
(REITs) 39.8 43.3
32 Brokers and dealers 366.4 316.0
33 Funding corporations 184.9 203.0
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 28,811.9 29,471.4
Other liabilities
35 Official foreign
exchange 49.0 46.8
36 Special drawing rights
certificates 2.2 2.2
37 Treasury currency 23.2 23.2
38 Foreign deposits 848.0 908.9
39 Net interbank
liabilities 166.5 187.7
40 Checkable deposits and
currency 1,485.1 1,601.4
41 Small time and savings
deposits 3,047.6 3,127.6
42 Large time deposits 1,094.2 1,121.1
43 Money market fund
shares 2,115.4 2,240.7
44 Security repurchase
agreements 1,253.9 1,233.6
45 Mutual fund shares 3,753.1 4,135.5
46 Security credit 919.9 825.9
47 Life insurance
reserves 844.0 880.0
48 Pension fund reserves 8,281.0 8,694.0
49 Trade payables 2,502.4 2,493.4
50 Taxes payable 251.4 229.9
51 Investment in bank
personal trusts 955.4 1,025.3
52 Miscellaneous 10,545.9 10,091.1
53 Total liabilities 66,950.1 68,339.8
Financial assets
not included in
liabilities (+)
54 Gold and special
drawing rights 22.0 21.8
55 Corporate equities 13,673.4 15,245.5
56 Household equity
in noncorporate
business 4,865.8 4,824.9
Liabilities not
identified as
assets (-)
57 Treasury currency -9.8 -9.8
58 Foreign deposits 644.9 694.1
59 Net interbank
transactions 4.5 11.1
60 Security repurchase
agreements 396.6 346.3
61 Taxes payable 148.6 100.0
62 Miscellaneous -2,692.6 -3,203.2
Floats not included in
assets (-)
63 Federal government
checkable deposits -5.9 -14.1
64 Other checkable
deposits 19.2 28.6
65 Trade credit 48.7 134.0
66 Totals identified to
sectors as assets 86,957.2 90,345.2
2002
Transaction
category or sector Q1 Q2 Q3
CREDIT MARKET
DEBT OUTSTANDING (2)
1 Total credit market
assets 29,916.6 30,444.4 30,983.6
2 Domestic nonfederal
nonfinancial
sectors 3,476.0 3,519.6 3,447.7
3 Household 2,401.4 2,425.1 2,351.3
4 Nonfinancial corpo-
rate business 202.7 207.8 209.8
5 Nonfarm noncorporate
business 66.2 67.1 66.5
6 State and local
governments 805.6 819.7 820.1
7 Federal government 272.5 274.7 276.5
8 Rest of the world 3,000.6 3,139.1 3,283.3
9 Financial sectors 23,167.5 23,511.0 23,976.0
10 Monetary authority 575.4 590.7 604.2
11 Commercial banking 5,231.3 5,328.3 5,476.1
12 U.S.-chartered
banks 4,629.3 4,719.7 4,858.3
13 Foreign banking
offices in
United States 507.7 512.6 521.2
14 Bank holding
companies 27.7 28.1 27.7
15 Banks in U.S.-
affiliated areas 66.6 67.9 68.8
16 Savings institutions 1,134.7 1,130.9 1,153.9
17 Credit unions 434.3 447.7 458.5
18 Bank personal trusts
and estates 231.4 234.3 235.5
19 Life insurance
companies 2,136.9 2,180.1 2,241.0
20 Other insurance
companies 527.6 536.4 545.3
21 Private pension
funds 728.7 740.2 749.1
22 State and local
government
retirement funds 806.0 792.4 784.1
23 Money market mutual
funds 1,496.4 1,419.3 1,405.7
24 Mutual funds 1,276.8 1,291.6 1,335.0
25 Closed-end funds 112.5 113.1 116.0
26 Government-sponsored
enterprises 2,163.8 2,199.9 2,245.5
27 Federally related
mortgage pools 2,955.1 3,041.6 3,084.8
28 Asset-backed
securities (ABSs)
issuers 1,928.5 1,983.9 2,032.4
29 Finance companies 832.4 845.6 856.9
30 Mortgage companies 37.6 38.0 38.3
31 Real estate
investment trusts
(REITs) 49.9 57.9 64.1
32 Brokers and dealers 299.6 352.7 339.6
33 Funding corporations 208.6 186.6 206.3
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market
debt 29,916.6 30,444.4 30,983.6
Other liabilities
35 Official foreign
exchange 45.7 52.0 53.1
36 Special drawing rights
certificates 2.2 2.2 2.2
37 Treasury currency 23.2 23.2 23.2
38 Foreign deposits 894.1 916.5 926.5
39 Net interbank
liabilities 157.6 130.9 146.8
40 Checkable deposits and
currency 1,567.2 1,640.0 1,698.0
41 Small time and savings
deposits 3,229.6 3,257.6 3,338.5
42 Large time deposits 1,178.9 1,188.7 1,197.7
43 Money market fund
shares 2,202.6 2,150.3 2,105.9
44 Security repurchase
agreements 1,220.4 1,273.7 1,233.1
45 Mutual fund shares 4,247.0 3,926.6 3,418.9
46 Security credit 778.0 746.2 714.7
47 Life insurance
reserves 904.2 915.2 928.3
48 Pension fund reserves 8,822.2 8,328.1 7,737.4
49 Trade payables 2,526.0 2,533.2 2,587.8
50 Taxes payable 241.3 252.9 240.3
51 Investment in bank
personal trusts 1,035.2 970.1 888.2
52 Miscellaneous 10,104.6 10,369.1 10,882.0
53 Total liabilities 69,096.5 69,120.9 69,106.2
Financial assets
not included in
liabilities (+)
54 Gold and special
drawing rights 21.9 22.7 22.8
55 Corporate equities 15,264.1 13,363.0 10,960.1
56 Household equity
in noncorporate
business 4,845.0 4,906.5 4,947.4
Liabilities not
identified as
assets (-)
57 Treasury currency -10.4 -10.6 -10.9
58 Foreign deposits 685.0 717.7 720.1
59 Net interbank
transactions 21.8 18.3 16.2
60 Security repurchase
agreements 355.6 390.2 292.4
61 Taxes payable 92.3 150.7 113.5
62 Miscellaneous -3,178.9 -3,223.2 -3,030.3
Floats not included in
assets (-)
63 Federal government
checkable deposits 32.4 61.3 72.2
64 Other checkable
deposits 26.3 31.4 25.8
65 Trade credit 87.8 40.3 39.2
66 Totals identified to
sectors as assets 91,115.7 89,237.0 86,798.1
(1.) Data in this table also appear in the Board's Z.1 (780) quarterly
statistical release, tables L.1 and L.5. For ordering address, see
inside front cover.
(2.) Excludes corporate equities and mutual fund shares.
Selected Measures
2.12 OUTPUT, CAPACITY, AND CAPACITY UTILIZATION (1)
Seasonally adjusted
2001 2002
Series Q4 (r) Q1 (r) Q2 (r) Q3 (r)
Output (1997=100)
1 Total industry 108.9 109.3 110.5 111.4
2 Manufacturing 110.1 110.5 111.4 112.3
3 Manufacturing (NAICS) 110.2 110.8 111.8 112.6
4 Durable manufacturing 119.1 119.7 121.2 122.3
5 Primary metal 83.0 84.9 85.6 85.9
6 Fabricated metal products 97.9 98.0 99.1 99.5
7 Machinery 87.4 87.5 88.6 88.7
8 Computer and electronic
products 215.7 216.2 219.6 222.6
9 Electrical equipment,
appliances, and
components 98.7 97.6 98.3 97.7
10 Motor vehicles and parts 108.2 112.8 116.8 121.7
11 Aerospace and miscella-
neous transportation
equipment 95.3 90.8 87.6 85.9
12 Nondurable manufacturing 98.6 99.1 99.7 100.1
13 Food, beverage, and
tobacco products 99.6 100.8 100.8 100.1
14 Textile and product mills 81.5 82.1 83.3 82.9
15 Paper 93.1 91.7 94.2 95.7
16 Petroleum and coal
products 101.5 103.3 103.3 102.3
17 Chemical 105.1 104.9 105.3 106.4
18 Plastics and robber
products 102.7 103.6 106.6 107.3
19 Other manufacturing
(non-NAICS) 107.9 105.2 104.6 106.0
20 Mining 95.6 94.0 93.4 93.5
21 Electric and gas utilities 103.5 105.6 110.2 112.5
MEMOS
22 Computers, communications
equipment, and semiconductors 280.5 282.2 290.3 295.5
23 Total excluding computers,
communications equipment, and
semiconductors 99.3 99.6 100.6 101.3
24 Manufacturing excluding
computers, communications
equipment, and semiconductors 98.9 99.2 99.9 100.5
2001 2002
Series Q4 (r) Q1 (r) Q2 (r) Q3 (r)
Capacity (percent of 1997 output)
1 Total industry 145.0 145.4 145.9 146.2
2 Manufacturing 150.1 150.5 150.9 151.1
3 Manufacturing (NAICS) 151.2 151.8 152.2 152.5
4 Durable manufacturing 170.3 171.5 172.5 173.4
5 Primary metal 113.7 112.7 112.0 111.4
6 Fabricated metal products 138.8 139.0 139.3 139.4
7 Machinery 129.9 129.9 129.9 129.9
8 Computer and electronic
products 336.5 344.0 350.1 355.4
9 Electrical equipment,
appliances, and
components 130.1 129.6 129.1 128.6
10 Motor vehicles and parts 143.8 144.9 145.9 147.1
11 Aerospace and miscella-
neous transportation
equipment 145.9 145.7 145.5 145.3
12 Nondurable manufacturing 128.1 127.9 127.7 127.5
13 Food, beverage, and
tobacco products 126.0 125.9 125.8 125.7
14 Textile and product mills 113.4 112.8 112.3 111.7
15 Paper 115.0 114.5 114.2 114.0
16 Petroleum and coal
products 114.4 114.7 114.9 115.2
17 Chemical 140.8 141.0 141.2 141.2
18 Plastics and robber
products 135.3 134.8 134.2 133.6
19 Other manufacturing
(non-NAICS) 131.8 131.1 130.3 129.5
20 Mining 110.4 110.3 110.2 110.1
21 Electric and gas utilities 121.8 123.5 125.5 127.6
MEMOS
22 Computers, communications
equipment, and semiconductors 444.5 456.8 466.7 475.3
23 Total excluding computers,
communications equipment, and
semiconductors 130.2 130.3 130.4 130.5
24 Manufacturing excluding
computers, communications
equipment, and semiconductors 132.7 132.7 132.6 132.6
2001 2002
Series Q4 (r) Q1 (r) Q2 (r) Q3 (r)
Capacity utilization
rate (percent) (2)
1 Total industry 75.1 75.1 75.7 76.2
2 Manufacturing 73.4 73.4 73.9 74.3
3 Manufacturing (NAICS) 72.9 73.0 73.5 73.8
4 Durable manufacturing 69.9 69.8 70.2 70.5
5 Primary metal 73.0 75.3 76.4 77.1
6 Fabricated metal products 70.5 70.5 71.2 71.3
7 Machinery 67.3 67.3 68.2 68.3
8 Computer and electronic
products 64.1 62.9 62.7 62.6
9 Electrical equipment,
appliances, and
components 75.9 75.3 76.1 75.9
10 Motor vehicles and parts 75.3 77.9 80.0 82.7
11 Aerospace and miscella-
neous transportation
equipment 65.3 62.3 60.2 59.1
12 Nondurable manufacturing 77.0 77.5 78.1 78.5
13 Food, beverage, and
tobacco products 79.0 80.1 80.2 79.7
14 Textile and product mills 71.9 72.8 74.2 74.2
15 Paper 81.0 80.1 82.5 84.0
16 Petroleum and coal
products 88.7 90.1 89.9 88.7
17 Chemical 74.7 74.4 74.6 75.3
18 Plastics and robber
products 75.9 76.9 79.4 80.4
19 Other manufacturing
(non-NAICS) 81.9 80.3 80.3 81.8
20 Mining 86.6 85.2 84.8 84.9
21 Electric and gas utilities 85.0 85.5 87.8 88.2
MEMOS
22 Computers, communications
equipment, and semiconductors 63.1 61.8 62.2 62.2
23 Total excluding computers,
communications equipment, and
semiconductors 76.3 76.5 77.1 77.6
24 Manufacturing excluding
computers, communications
equipment, and semiconductors 74.6 74.8 75.3 75.8
Previous
1973 1975 cycle (3)
Series High Low High Low
Capacity utilization
rate (percent) (2)
1 Total industry 88.8 74.0 86.6 70.8
2 Manufacturing 88.0 71.6 86.3 68.6
3 Manufacturing (NAICS) 88.1 71.4 86.3 67.9
4 Durable manufacturing 88.9 69.6 87.0 63.1
5 Primary metal 100.9 68.9 91.3 47.2
6 Fabricated metal products 91.8 69.6 83.1 61.7
7 Machinery 94.2 74.2 92.8 58.3
8 Computer and electronic
products 87.0 66.9 89.8 77.3
9 Electrical equipment,
appliances, and
components 99.3 68.5 91.9 64.4
10 Motor vehicles and parts 95.3 55.3 96.2 45.2
11 Aerospace and miscella-
neous transportation
equipment 75.0 66.3 84.6 69.8
12 Nondurable manufacturing 87.5 72.5 85.7 75.6
13 Food, beverage, and
tobacco products 85.9 78.0 84.3 80.2
14 Textile and product mills 89.8 62.8 90.1 72.3
15 Paper 97.4 74.7 95.6 81.3
16 Petroleum and coal
products 93.2 81.0 92.3 71.1
17 Chemical 85.0 68.9 83.0 67.9
18 Plastics and robber
products 96.3 61.6 90.5 70.5
19 Other manufacturing
(non-NAICS) 85.7 75.7 88.1 85.7
20 Mining 93.6 87.6 94.2 78.6
21 Electric and gas utilities 96.2 82.7 87.9 77.2
MEMOS
22 Computers, communications
equipment, and semiconductors 84.5 63.1 89.9 75.6
23 Total excluding computers,
communications equipment, and
semiconductors 89.1 74.3 86.6 70.5
24 Manufacturing excluding
computers, communications
equipment, and semiconductors 88.3 71.9 86.3 68.1
Latest
cycle (4) 2001 2002
Series High Low Nov. June
Capacity utilization
rate (percent) (2)
1 Total industry 85.1 78.6 75.1 75.9 (r)
2 Manufacturing 85.5 77.2 73.4 74.1 (r)
3 Manufacturing (NAICS) 85.5 77.0 72.9 73.7 (r)
4 Durable manufacturing 84.5 73.4 70.0 70.5 (r)
5 Primary metal 95.3 75.2 74.6 77.1 (r)
6 Fabricated metal products 80.1 71.0 70.0 71.3 (r)
7 Machinery 84.7 72.9 67.6 68.5 (r)
8 Computer and electronic
products 81.5 76.4 63.9 62.7 (r)
9 Electrical equipment,
appliances, and
components 87.5 75.0 75.7 76.6 (r)
10 Motor vehicles and parts 90.0 56.6 75.8 81.1 (r)
11 Aerospace and miscella-
neous transportation
equipment 88.9 81.9 65.3 59.7 (r)
12 Nondurable manufacturing 86.9 81.8 77.0 78.3 (r)
13 Food, beverage, and
tobacco products 85.5 81.3 78.9 80.3 (r)
14 Textile and product mills 91.1 77.1 71.6 74.4 (r)
15 Paper 94.0 85.4 81.0 83.0 (r)
16 Petroleum and coal
products 88.9 82.5 89.3 89.1 (r)
17 Chemical 85.6 80.8 74.8 74.9 (r)
18 Plastics and robber
products 91.2 77.1 75.5 80.2 (r)
19 Other manufacturing
(non-NAICS) 90.2 79.1 81.7 81.2 (r)
20 Mining 85.6 83.3 86.8 84.9 (r)
21 Electric and gas utilities 92.6 84.2 84.3 87.2 (r)
MEMOS
22 Computers, communications
equipment, and semiconductors 80.4 74.6 63.0 62.4 (r)
23 Total excluding computers,
communications equipment, and
semiconductors 85.5 78.8 76.2 77.3 (r)
24 Manufacturing excluding
computers, communications
equipment, and semiconductors 86.1 77.3 74.6 75.6 (r)
2002
Aug. Sept.
Series July (r) (r)
Capacity utilization
rate (percent) (2)
1 Total industry 76.4 (r) 76.1 76.0
2 Manufacturing 74.3 (r) 74.3 74.1
3 Manufacturing (NAICS) 74.0 (r) 73.9 73.6
4 Durable manufacturing 70.6 (r) 70.8 70.2
5 Primary metal 76.2 (r) 78.7 76.5
6 Fabricated metal products 71.5 (r) 71.2 71.2
7 Machinery 68.0 (r) 68.8 67.9
8 Computer and electronic
products 62.6 (r) 62.7 62.5
9 Electrical equipment,
appliances, and
components 76.4 (r) 76.2 75.1
10 Motor vehicles and parts 83.2 (r) 82.9 82.1
11 Aerospace and miscella-
neous transportation
equipment 59.0 (r) 59.4 59.0
12 Nondurable manufacturing 78.7 (r) 78.4 78.4
13 Food, beverage, and
tobacco products 80.0 (r) 79.6 79.5
14 Textile and product mills 75.0 (r) 73.9 73.8
15 Paper 83.5 (r) 84.0 84.4
16 Petroleum and coal
products 89.5 (r) 89.2 87.6
17 Chemical 75.7 (r) 75.2 75.1
18 Plastics and robber
products 80.3 (r) 80.3 80.4
19 Other manufacturing
(non-NAICS) 80.9 (r) 81.7 82.8
20 Mining 85.7 (r) 85.3 83.8
21 Electric and gas utilities 89.6 (r) 86.5 88.4
MEMOS
22 Computers, communications
equipment, and semiconductors 62.1 (r) 62.4 62.0
23 Total excluding computers,
communications equipment, and
semiconductors 77.9 (r) 77.6 77.5
24 Manufacturing excluding
computers, communications
equipment, and semiconductors 75.9 (r) 75.9 75.7
2002
Oct. Nov.
Series (r) (p)
Capacity
utilization
rate
(percent) (2)
1 Total industry 75.6 75.6
2 Manufacturing 73.8 73.8
3 Manufacturing (NAICS) 73.3 73.3
4 Durable manufacturing 69.9 70.2
5 Primary metal 79.1 78.9
6 Fabricated metal products 71.7 71.1
7 Machinery 66.9 66.9
8 Computer and electronic
products 62.2 62.0
9 Electrical equipment,
appliances, and
components 75.8 77.0
10 Motor vehicles and parts 80.0 83.1
11 Aerospace and miscella-
neous transportation
equipment 59.2 58.8
12 Nondurable manufacturing 78.0 77.8
13 Food, beverage, and
tobacco products 79.6 78.8
14 Textile and product mills 73.5 74.1
15 Paper 83.9 83.7
16 Petroleum and coal
products 86.3 88.4
17 Chemical 74.4 74.2
18 Plastics and robber
products 79.9 79.2
19 Other manufacturing
(non-NAICS) 82.7 82.3
20 Mining 83.9 84.4
21 Electric and gas utilities 86.3 85.9
MEMOS
22 Computers, communications
equipment, and semiconductors 61.9 61.7
23 Total excluding computers,
communications equipment, and
semiconductors 77.0 77.1
24 Manufacturing excluding
computers, communications
equipment, and semiconductors 75.4 75.4
Note. The statistics in the G.17 release cover output, capacity, and
capacity utilization in the industrial sector, which the Federal
Reserve defines as manufacturing, mining, and electric and gas
utilities. Manufacturing consists of those industries included in the
North American Industry Classification System, or NAICS, manufacturing
plus those industries--logging and newspaper, periodical, book and
directory publishing--that have traditionally been considered
manufacturing and included in the industrial sector.
(1.) Data in this table also appear in the Board's G.17 (419) monthly
statistical release. The data are also available on the Board's web
site http://www.federalreserve.gov/releases/g17. The latest historical
revision of the industrial production index and the capacity
utilization rates was released in December 2002. The recent annual
revision will be described in an upcoming issue of the Bulletin.
(2.) Capacity utilization is calculated as the ratio of the Federal
Reserve's seasonally adjusted index of industrial production to the
corresponding index of capacity.
(3.) Monthly highs, 1978-80; monthly lows, 1982.
(4.) Monthly highs, 1988-89; monthly lows, 1990-91.
2.13 INDUSTRIAL PRODUCTION Indexes and Gross Value (1)
Monthly data seasonally adjusted
2001
1992
pro- 2001 Nov. Dec.
Group por- avg. (r) (r)
tion
Index (1997=100)
MAJOR MARKETS
1 Total IP 100.0 111.2 108.8 108.3
Market groups
2 Final products and
nonindustrial supplies 60.8 110.8 108.2 108.0
3 Consumer goods 29.0 106.5 105.5 105.7
4 Durable 5.8 112.2 112.3 114.0
5 Automotive products 2.5 115.6 118.0 120.5
6 Home electronics 0.4 142.9 147.0 149.9
7 Appliances, furniture,
carpeting 1.3 106.1 104.9 104.9
8 Miscellaneous goods 1.6 99.8 95.4 96.4
9 Nondurable 23.2 104.3 102.9 102.7
10 Non-energy 20.2 103.8 102.8 102.7
11 Foods and tobacco 10.4 99.5 98.7 98.9
12 Clothing 2.4 78.0 73.4 73.4
13 Chemical products 4.6 121.1 121.4 120.5
14 Paper products 2.9 110.6 109.3 109.0
15 Energy 3.0 106.9 103.8 102.8
16 Business equipment 13.2 117.3 109.7 108.6
17 Transit 2.5 97.2 90.9 89.5
18 Information processing 5.4 165.4 154.7 155.0
19 Industrial and other 5.3 97.7 91.6 90.0
20 Defense and space
equipment 3.4 100.1 99.5 100.3
21 Construction supplies 5.4 105.5 102.9 102.5
22 Business supplies 9.1 121.9 119.7 119.0
23 Materials 39.2 111.8 109.7 108.8
24 Non-energy 29.6 115.7 113.2 112.1
25 Durable 20.7 127.9 124.3 123.5
26 Consumer parts 4.0 104.6 104.0 106.2
27 Equipment parts 7.5 186.0 178.8 176.7
28 Other 9.2 98.1 95.4 93.9
29 Nondurable 8.9 97.1 95.8 94.3
30 Textile 1.1 81.2 75.8 75.6
31 Paper 1.8 95.8 94.1 92.1
32 Chemical 4.0 97.8 97.0 94.6
33 Energy 9.6 97.5 96.6 96.2
SPECIAL AGGREGATES
34 Total excluding computers,
communication equipment,
and semiconductors 94.7 101.3 99.3 98.7
35 Total excluding motor
vehicles and parts 94.3 111.5 108.8 108.1
Gross value (billions of 1996
dollars, annual rates)
36 Final products and
nonindustrial supplies 100.0 2,808.7 2,756.8 2,756.7
37 Final products 77.2 2,026.0 1,990.3 1,993.4
38 Consumer goods 51.9 1,357.4 1,352.5 1,358.7
39 Equipment total 25.3 669.0 632.9 628.6
40 Nonindustrial supplies 22.8 782.8 766.6 763.2
2002
Jan. Feb. Mar. Apr.
Group (r) (r) (r) (r)
Index (1997=100)
MAJOR MARKETS
1 Total IP 109.0 109.2 109.6 110.1
Market groups
2 Final products and
nonindustrial supplies 108.3 108.5 108.9 109.1
3 Consumer goods 106.2 106.7 107.4 107.5
4 Durable 114.2 115.3 115.7 116.5
5 Automotive products 120.2 121.3 121.7 123.8
6 Home electronics 154.3 153.1 150.2 139.9
7 Appliances, furniture,
carpeting 105.7 107.9 108.1 108.2
8 Miscellaneous goods 96.4 97.1 98.2 98.1
9 Nondurable 103.3 103.6 104.4 104.4
10 Non-energy 103.0 103.0 103.5 102.8
11 Foods and tobacco 99.6 100.2 100.8 100.4
12 Clothing 73.0 72.7 74.4 72.7
13 Chemical products 120.7 119.9 120.1 118.5
14 Paper products 107.8 106.6 107.2 106.0
15 Energy 105.0 107.1 109.4 112.8
16 Business equipment 108.8 108.1 107.8 107.7
17 Transit 87.5 86.9 84.8 83.2
18 Information processing 155.3 154.3 155.5 154.7
19 Industrial and other 91.1 90.5 90.3 91.1
20 Defense and space
equipment 99.6 99.7 99.8 99.9
21 Construction supplies 102.6 103.1 104.0 104.0
22 Business supplies 119.2 119.4 119.7 120.7
23 Materials 110.0 110.2 110.7 111.6
24 Non-energy 113.4 113.7 114.0 115.0
25 Durable 124.9 125.6 125.8 127.1
26 Consumer parts 107.6 109.2 109.2 110.8
27 Equipment parts 178.1 177.6 177.6 179.8
28 Other 95.1 95.9 96.0 96.7
29 Nondurable 95.5 95.4 95.9 96.5
30 Textile 76.2 76.3 77.7 77.8
31 Paper 93.4 92.6 91.9 93.3
32 Chemical 97.0 97.2 98.8 99.6
33 Energy 97.1 97.1 97.9 98.6
SPECIAL AGGREGATES
34 Total excluding computers,
communication equipment,
and semiconductors 99.3 99.6 99.9 100.3
35 Total excluding motor
vehicles and parts 108.8 108.9 109.4 109.7
Gross value (billions of 1996
dollars, annual rates)
36 Final products and
nonindustrial supplies 2,764.9 2,774.9 2,787.1 2,796.7
37 Final products 2,001.1 2,006.4 2,013.9 2,020.7
38 Consumer goods 1,365.3 1,371.5 1,380.1 1,386.3
39 Equipment total 629.2 627.5 625.4 625.3
40 Nonindustrial supplies 763.7 768.5 773.2 776.1
2002
May June July Aug.
Group (r) (r) (r) (r)
Index (1997=100)
MAJOR MARKETS
1 Total IP 110.4 110.8 111.6 111.3
Market groups
2 Final products and
nonindustrial supplies 109.3 109.6 110.1 109.8
3 Consumer goods 107.3 107.8 108.5 107.8
4 Durable 117.2 118.6 120.0 119.3
5 Automotive products 124.2 127.4 130.6 130.6
6 Home electronics 143.8 135.3 137.0 135.4
7 Appliances, furniture,
carpeting 109.1 107.5 106.9 104.5
8 Miscellaneous goods 98.9 100.2 99.2 98.3
9 Nondurable 103.9 104.1 104.6 103.8
10 Non-energy 102.2 102.8 102.8 102.4
11 Foods and tobacco 100.0 100.2 99.8 99.2
12 Clothing 72.9 72.9 73.2 71.3
13 Chemical products 116.8 118.3 119.5 119.0
14 Paper products 106.2 107.2 107.1 108.4
15 Energy 112.5 110.9 114.0 111.6
16 Business equipment 108.0 108.0 107.3 108.1
17 Transit 82.0 81.1 80.2 81.1
18 Information processing 154.9 154.9 153.5 153.7
19 Industrial and other 91.9 92.2 92.0 92.9
20 Defense and space
equipment 100.6 101.2 101.2 101.9
21 Construction supplies 104.6 104.5 104.4 104.8
22 Business supplies 121.5 121.8 123.2 122.6
23 Materials 112.2 112.6 113.8 113.6
24 Non-energy 115.8 116.4 117.2 117.4
25 Durable 127.8 128.6 129.4 130.0
26 Consumer parts 110.1 110.4 113.4 112.3
27 Equipment parts 182.3 183.6 184.2 186.3
28 Other 97.2 97.9 97.7 98.3
29 Nondurable 97.3 97.6 98.4 98.2
30 Textile 78.2 78.5 79.6 77.8
31 Paper 94.8 93.6 95.8 96.1
32 Chemical 100.4 100.6 101.3 100.7
33 Energy 98.5 98.6 101.0 99.3
SPECIAL AGGREGATES
34 Total excluding computers,
communication equipment,
and semiconductors 100.5 100.8 101.5 101.2
35 Total excluding motor
vehicles and parts 110.1 110.3 110.8 110.5
Gross value (billions of 1996
dollars, annual rates)
36 Final products and
nonindustrial supplies 2,802.2 2,809.9 2,828.0 2,821.5
37 Final products 2,021.4 2,028.7 2,042.2 2,038.1
38 Consumer goods 1,384.8 1,390.2 1,404.1 1,395.9
39 Equipment total 628.1 629.9 627.9 633.6
40 Nonindustrial supplies 780.9 781.3 785.9 783.5
2002
Sept. Oct. Nov.
Group (r) (r) (p)
Index (1997=100)
MAJOR MARKETS
1 Total IP 111.2 110.7 110.8
Market groups
2 Final products and
nonindustrial supplies 109.8 109.2 109.3
3 Consumer goods 107.9 107.1 107.7
4 Durable 118.7 116.9 120.7
5 Automotive products 129.3 125.9 132.2
6 Home electronics 142.6 138.5 140.9
7 Appliances, furniture,
carpeting 104.6 104.8 106.7
8 Miscellaneous goods 97.8 98.3 98.3
9 Nondurable 104.2 103.7 103.4
10 Non-energy 102.6 102.3 101.7
11 Foods and tobacco 99.1 99.3 98.3
12 Clothing 72.1 70.2 71.0
13 Chemical products 119.5 118.4 118.5
14 Paper products 109.8 109.8 109.0
15 Energy 112.8 110.7 112.2
16 Business equipment 106.9 106.2 106.0
17 Transit 79.7 78.1 77.4
18 Information processing 152.1 152.9 152.1
19 Industrial and other 92.0 91.3 91.5
20 Defense and space
equipment 102.0 102.6 102.1
21 Construction supplies 104.5 104.2 103.5
22 Business supplies 123.6 123.2 122.8
23 Materials 113.4 112.9 113.0
24 Non-energy 117.2 116.9 117.0
25 Durable 129.5 129.6 130.1
26 Consumer parts 112.4 111.9 114.6
27 Equipment parts 185.7 185.3 185.6
28 Other 97.7 98.2 97.7
29 Nondurable 98.3 97.5 97.1
30 Textile 78.4 78.1 77.7
31 Paper 96.7 96.9 96.2
32 Chemical 100.2 99.0 98.5
33 Energy 99.1 98.2 98.6
SPECIAL AGGREGATES
34 Total excluding computers,
communication equipment,
and semiconductors 101.2 100.6 100.7
35 Total excluding motor
vehicles and parts 110.5 110.1 109.9
Gross value (billions of 1996
dollars, annual rates)
36 Final products and
nonindustrial supplies 2,817.8 2,794.7 2,812.1
37 Final products 2,031.4 2,011.5 2,031.1
38 Consumer goods 1,394.3 1,379.1 1,398.4
39 Equipment total 627.7 623.6 621.8
40 Nonindustrial supplies 786.6 783.7 781.0
1992
NAICS pro- 2001
Group code por- avg.
(2) tion
INDUSTRY GROUPS
41 Manufacturing ... 85.4 112.6
42 Manufacturing (NAICS) ... 79.1 112.8
43 Durable manufacturing ... 43.0 122.9
44 Wood products 321 1.5 99.7
45 Nonmetallic mineral
products 327 2.0 106.9
46 Primary metal 331 2.7 88.2
47 Fabricated metal products 332 5.3 100.5
48 Machinery 333 5.7 95.1
49 Computer and electronic
products 334 8.8 223.7
50 Electrical equipment,
appliances, and
components 335 2.5 102.3
51 Motor vehicles and parts 3361-3 5.7 107.6
52 Aerospace and
miscellaneous
transportation
equipment 3364-9 4.5 98.4
53 Furniture and related
products 337 1.5 104.9
54 Miscellaneous 339 2.8 109.3
55 Nondureble manufacturing ... 36.1 99.8
56 Food, beverage, and
tobacco products 311,2 10.9 100.0
57 Textile and product mills 313,4 1.8 86.2
58 Apparel and leather 315,6 2.2 77.9
59 Paper 322 3.3 95.3
50 Printing and support 323 2.8 98.0
51 Petroleum and coal
products 324 1.4 101.6
52 Chemical 325 10.3 105.3
53 Plastics and rubber
products 326 3.4 105.2
54 Other manufacturing
(non-NAICS) 1133,5111 4.3 109.1
55 Mining 21 6.6 96.6
56 Utilities 2211,2 10.1 105.6
57 Electric 2211 8.6 107.1
58 Natural gas 2212 1.6 97.1
59 Manufacturing excluding
computers, communications
equipment, and
semiconductors ... 78.0 101.0
70 Manufacturing excluding motor
vehicles and parts ... 77.6 113.0
2001 2002
Group Nov. Dec. Jan.
Index (1997=100)
INDUSTRY GROUPS
41 Manufacturing 110.1 109.6 110.3
42 Manufacturing (NAICS) 110.3 109.8 110.6
43 Durable manufacturing 119.2 118.9 119.6
44 Wood products 99.0 99.9 100.6
45 Nonmetallic mineral
products 107.4 105.7 106.0
46 Primary metal 84.9 78.2 84.3
47 Fabricated metal products 97.1 97.6 97.7
48 Machinery 87.8 85.9 87.2
49 Computer and electronic
products 215.2 215.8 216.3
50 Electrical equipment,
appliances, and
components 98.5 98.3 98.4
51 Motor vehicles and parts 109.0 112.0 111.8
52 Aerospace and
miscellaneous
transportation
equipment 95.3 93.4 92.1
53 Furniture and related
products 102.4 101.3 101.9
54 Miscellaneous 105.7 107.7 108.2
55 Nondureble manufacturing 98.6 98.0 98.8
56 Food, beverage, and
tobacco products 99.4 99.7 100.2
57 Textile and product mills 81.2 80.9 81.7
58 Apparel and leather 73.2 73.2 72.9
59 Paper 93.1 (r) 91.5 (r) 91.9 (r)
50 Printing and support 96.9 (r) 95.6 (r) 97.8 (r)
51 Petroleum and coal
products 102.1 (r) 100.3 (r) 102.4 (r)
52 Chemical 105.3 (r) 103.7 (r) 104.9 (r)
53 Plastics and rubber
products 102.2 (r) 102.5 (r) 102.5 (r)
54 Other manufacturing
(non-NAICS) 107.7 (r) 107.1 (r) 105.8 (r)
55 Mining 95.8 (r) 95.1 (r) 94.4 (r)
56 Utilities 102.7 (r) 102.2 (r) 103.7 (r)
57 Electric 105.7 (r) 104.5 (r) 106.1 (r)
58 Natural gas 86.9 (r) 89.9 (r) 90.9 (r)
59 Manufacturing excluding
computers, communications
equipment, and
semiconductors 99.0 (r) 98.5 (r) 99.1 (r)
70 Manufacturing excluding motor
vehicles and parts 110.2 (r) 109.4 (r) 110.2 (r)
2002
Group Feb. Mar. Apr.
Index (1997=100)
INDUSTRY GROUPS
41 Manufacturing 110.4 110.7 111.0
42 Manufacturing (NAICS) 110.8 111.0 111.4
43 Durable manufacturing 119.8 119.8 120.5
44 Wood products 99.9 101.7 100.8
45 Nonmetallic mineral
products 106.4 106.6 107.4
46 Primary metal 85.3 85.1 84.6
47 Fabricated metal products 98.2 98.2 98.4
48 Machinery 87.3 88.0 88.3
49 Computer and electronic
products 215.5 216.9 217.9
50 Electrical equipment,
appliances, and
components 97.7 96.8 97.2
51 Motor vehicles and parts 113.4 113.3 115.9
52 Aerospace and
miscellaneous
transportation
equipment 90.9 89.5 88.3
53 Furniture and related
products 102.6 101.7 101.8
54 Miscellaneous 107.8 107.4 109.6
55 Nondureble manufacturing 99.0 99.5 99.5
56 Food, beverage, and
tobacco products 100.8 101.4 101.0
57 Textile and product mills 81.8 83.0 82.9
58 Apparel and leather 72.5 74.1 72.5
59 Paper 91.8 (r) 91.6 (r) 93.0 (r)
50 Printing and support 96.9 (r) 95.2 (r) 95.5 (r)
51 Petroleum and coal
products 104.0 (r) 103.5 (r) 104.2 (r)
52 Chemical 104.6 (r) 105.2 (r) 105.1 (r)
53 Plastics and rubber
products 103.3 (r) 105.1 (r) 105.7 (r)
54 Other manufacturing
(non-NAICS) 104.9 (r) 105.0 (r) 104.1 (r)
55 Mining 94.2 (r) 93.6 (r) 93.4 (r)
56 Utilities 105.2 (r) 108.0 (r) 110.6 (r)
57 Electric 107.1 (r) 110.1 (r) 112.5 (r)
58 Natural gas 95.0 (r) 96.9 (r) 100.2 (r)
59 Manufacturing excluding
computers, communications
equipment, and
semiconductors 99.2 (r) 99.4 (r) 99.5 (r)
70 Manufacturing excluding motor
vehicles and parts 110.2 (r) 110.5 (r) 110.5 (r)
2002
Group May June July
Index (1997=100)
INDUSTRY GROUPS
41 Manufacturing 111.4 111.9 112.3
42 Manufacturing (NAICS) 111.9 112.2 112.7
43 Durable manufacturing 121.2 121.8 122.2
44 Wood products 101.0 102.2 101.9
45 Nonmetallic mineral
products 107.7 106.6 107.7
46 Primary metal 85.9 86.2 85.0
47 Fabricated metal products 99.7 99.3 99.7
48 Machinery 88.5 88.9 88.4
49 Computer and electronic
products 220.0 220.8 221.5
50 Electrical equipment,
appliances, and
components 98.9 98.7 98.4
51 Motor vehicles and parts 115.8 118.6 122.1
52 Aerospace and
miscellaneous
transportation
equipment 87.6 86.9 85.7
53 Furniture and related
products 101.5 101.6 101.4
54 Miscellaneous 110.2 110.7 110.6
55 Nondureble manufacturing 99.7 99.9 100.4
56 Food, beverage, and
tobacco products 100.6 100.9 100.5
57 Textile and product mills 83.6 83.4 83.9
58 Apparel and leather 72.7 72.6 73.0
59 Paper 95.0 (r) 94.7 (r) 95.2 (r)
50 Printing and support 96.2 (r) 95.5 (r) 98.4 (r)
51 Petroleum and coal
products 103.4 (r) 102.4 (r) 103.0 (r)
52 Chemical 105.0 (r) 105.7 (r) 106.9 (r)
53 Plastics and rubber
products 106.7 (r) 107.4 (r) 107.5 (r)
54 Other manufacturing
(non-NAICS) 104.2 (r) 105.5 (r) 105.0 (r)
55 Mining 93.4 (r) 93.5 (r) 94.4 (r)
56 Utilities 110.1 (r) 110.1 (r) 113.7 (r)
57 Electric 111.2 (r) 111.4 (r) 115.7 (r)
58 Natural gas 104.4 (r) 103.2 (r) 102.7 (r)
59 Manufacturing excluding
computers, communications
equipment, and
semiconductors 99.9 (r) 100.2 (r) 100.6 (r)
70 Manufacturing excluding motor
vehicles and parts 111.0 (r) 111.3 (r) 111.4 (r)
2002
Aug. Sept. Oct. Nov.
Group (r) (r) (r) (p)
Index (1997=100)
INDUSTRY GROUPS
41 Manufacturing 112.4 112.1 111.6 111.7
42 Manufacturing (NAICS) 112.8 112.4 111.9 112.1
43 Durable manufacturing 122.7 122.0 121.6 122.3
44 Wood products 102.5 100.7 99.4 97.7
45 Nonmetallic mineral
products 108.5 109.8 109.1 109.4
46 Primary metal 87.6 85.0 87.9 87.4
47 Fabricated metal products 99.3 99.4 100.0 99.3
48 Machinery 89.4 88.2 86.8 86.9
49 Computer and electronic
products 223.0 223.2 223.3 223.3
50 Electrical equipment,
appliances, and
components 98.0 96.5 97.3 98.7
51 Motor vehicles and parts 122.0 121.1 118.3 123.4
52 Aerospace and
miscellaneous
transportation
equipment 86.3 85.7 86.0 85.4
53 Furniture and related
products 100.5 101.4 100.9 101.9
54 Miscellaneous 110.2 109.1 109.5 108.7
55 Nondureble manufacturing 100.0 100.0 99.4 99.1
56 Food, beverage, and
tobacco products 100.0 99.9 100.0 99.0
57 Textile and product mills 82.5 82.3 81.9 82.3
58 Apparel and leather 71.2 71.8 70.1 70.9
59 Paper 95.8 96.1 95.5 95.2
50 Printing and support 98.6 99.9 100.1 99.7
51 Petroleum and coal
products 102.7 101.0 99.7 102.2
52 Chemical 106.2 106.1 105.1 104.8
53 Plastics and rubber
products 107.3 107.2 106.4 105.4
54 Other manufacturing
(non-NAICS) 105.8 107.1 106.7 106.0
55 Mining 93.9 92.2 92.4 93.0
56 Utilities 110.4 113.3 111.3 111.3
57 Electric 112.2 115.8 113.1 112.8
58 Natural gas 100.8 99.9 101.6 103.6
59 Manufacturing excluding
computers, communications
equipment, and
semiconductors 100.6 100.4 99.9 100.0
70 Manufacturing excluding motor
vehicles and parts 111.5 111.3 111.1 110.7
Note. The statistics in the G.17 release cover output, capacity, and
capacity utilization in the industrial sector, which the Federal
Reserve defines as manufacturing, mining, and electric and gas
utilities. Manufacturing consists of those industries included in the
North American Industry Classification System, or NAICS, manufacturing
plus those industries--logging and newspaper, periodical, book and
directory publishing--that have traditionally been considered
manufacturing and included in the industrial sector.
(1.) Data in this table appear in the Board's G.17 (419) monthly
statistical release. The data are also available on the Board's web
site http://www.federalreserve.gov/releases/g17. The latest historical
revision of the industrial production index and the capacity
utilization rates was released in December 2002. The recent annual
revision will be described in an upcoming issue of the Bulletin.
(2.) North American Industry Classification System.
Summary Statistics
3.10 U.S. INTERNATIONAL TRANSACTIONS Summary
Millions of dollars; quarterly data seasonally adjusted except as
noted (1)
Item credits or debits 1999 2000
1 Balance on current account -292,856 -410,341
2 Balance on goods and services -262,237 -378,681
3 Exports 957,146 1,064,239
4 Imports -1,219,383 -1,442,920
5 Income, net 18,138 21,782
6 Investment, net 23,877 27,651
7 Direct 75,009 88,862
8 Portfolio -51,132 -61,211
9 Compensation of employees -5,739 -5,869
10 Unilateral current transfers, net -48,757 -53,442
11 Change in U.S. government assets
other than official reserve assets,
net (increase, -) 2,750 -941
12 Change in U.S. official reserve
assets (increase, -) 8,747 -290
13 Gold 0 0
14 Special drawing rights (SDRs) 10 -722
15 Reserve position in International
Monetary Fund 5,484 2,308
16 Foreign currencies 3,253 -1,876
17 Change in U.S. private assets abroad
(increase, -) -489,066 -605,258
18 Bank-reported claims (2) -76,263 -148,657
19 Nonbank-reported claims -95,466 -150,805
20 U.S. purchase of foreign
securities, net -128,436 -127,502
21 U.S. direct investments abroad, net -188,901 -178,294
22 Change in foreign official assets in
United States (increase, +) 43,666 37,640
23 U.S. Treasury securities 12,177 -10,233
24 Other U.S. government obligations 20,350 40,909
25 Other U.S. government
liabilities (2) -2,740 -1,909
26 Other U.S. liabilities reported by
U.S. banks (2) 12,964 5,746
27 Other foreign official assets (3) 915 3,127
28 Change in foreign private assets in
United States (increase, +) 698,813 978,346
29 U.S. bank-reported liabilities (4) 54,232 116,971
30 U.S. nonbank-reported liabilities 78,383 174,251
31 Foreign private purchases of U.S.
Treasury securities, net -44,497 -76,965
32 U.S. currency flows 22,407 1,129
33 Foreign purchases of other U.S.
securities, net 298,834 455,213
34 Foreign direct investments in
United States, net 289,454 307,747
35 Capital account transactions, net (5) -3,340 837
36 Discrepancy 31,286 7
37 Due to seasonal adjustment ... ...
38 Before seasonal adjustment 31,286 7
MEMO
Changes in official assets
39 U.S. official reserve assets
(increase, -) 8,747 -290
40 Foreign official assets in United
States, excluding line 25
(increase, +) 46,406 39,549
41 Change in Organization of Petroleum
Exporting Countries official assets
in United States (part of line 22) 1,621 12,000
2001
Item credits or debits 2001 Q3
1 Balance on current account -393,371 -91,331
2 Balance on goods and services -358,290 -79,778
3 Exports 998,022 242,325
4 Imports -1,356,312 -322,103
5 Income, net 14,382 807
6 Investment, net 20,539 2,345
7 Direct 102,595 23,908
8 Portfolio -82,056 -21,563
9 Compensation of employees -6,157 -1,538
10 Unilateral current transfers, net -49,463 -12,360
11 Change in U.S. government assets
other than official reserve assets,
net (increase, -) -486 77
12 Change in U.S. official reserve
assets (increase, -) -4,911 -3,559
13 Gold 0 0
14 Special drawing rights (SDRs) -630 -145
15 Reserve position in International
Monetary Fund -3,600 -3,242
16 Foreign currencies -681 -172
17 Change in U.S. private assets abroad
(increase, -) -365,565 28,460
18 Bank-reported claims (2) -128,705 69,576
19 Nonbank-reported claims -14,358 -9,479
20 U.S. purchase of foreign
securities, net -94,662 10,087
21 U.S. direct investments abroad, net -127,840 -41,724
22 Change in foreign official assets in
United States (increase, +) 5,224 16,882
23 U.S. Treasury securities 10,745 15,810
24 Other U.S. government obligations 20,920 -216
25 Other U.S. government
liabilities (2) -1,882 89
26 Other U.S. liabilities reported by
U.S. banks (2) -30,278 -782
27 Other foreign official assets (3) 5,719 1,981
28 Change in foreign private assets in
United States (increase, +) 747,582 1,007
29 U.S. bank-reported liabilities (4) 110,667 -45,567
30 U.S. nonbank-reported liabilities 82,353 -25,154
31 Foreign private purchases of U.S.
Treasury securities, net -7,670 -15,470
32 U.S. currency flows 23,783 8,203
33 Foreign purchases of other U.S.
securities, net 407,653 64,787
34 Foreign direct investments in
United States, net 130,796 14,208
35 Capital account transactions, net (5) 826 206
36 Discrepancy 10,701 48,258
37 Due to seasonal adjustment ... -10,286
38 Before seasonal adjustment 10,701 58,544
MEMO
Changes in official assets
39 U.S. official reserve assets
(increase, -) -4,911 -3,559
40 Foreign official assets in United
States, excluding line 25
(increase, +) 7,106 16,793
41 Change in Organization of Petroleum
Exporting Countries official assets
in United States (part of line 22) -1,725 -4,081
2001 2002
Item credits or debits Q4 Q1
1 Balance on current account -95,086 -112,454
2 Balance on goods and services -88,028 -95,492
3 Exports 232,930 233,252
4 Imports -320,958 -328,744
5 Income, net 6,521 -946
6 Investment, net 8,102 682
7 Direct 28,602 22,069
8 Portfolio -20,500 -21,387
9 Compensation of employees -1,581 -1,628
10 Unilateral current transfers, net -13,579 -16,016
11 Change in U.S. government assets
other than official reserve assets,
net (increase, -) 143 133
12 Change in U.S. official reserve
assets (increase, -) -199 390
13 Gold 0 0
14 Special drawing rights (SDRs) -140 -109
15 Reserve position in International
Monetary Fund 83 652
16 Foreign currencies -142 -153
17 Change in U.S. private assets abroad
(increase, -) -100,032 -26,441
18 Bank-reported claims (2) -83,682 727
19 Nonbank-reported claims 37,210 65
20 U.S. purchase of foreign
securities, net -26,090 2,047
21 U.S. direct investments abroad, net -27,470 -29,280
22 Change in foreign official assets in
United States (increase, +) 5,086 7,641
23 U.S. Treasury securities 16,760 -582
24 Other U.S. government obligations 7,630 7,296
25 Other U.S. government
liabilities (2) -504 -790
26 Other U.S. liabilities reported by
U.S. banks (2) -20,507 991
27 Other foreign official assets (3) 1,707 726
28 Change in foreign private assets in
United States (increase, +) 245,711 105,855
29 U.S. bank-reported liabilities (4) 85,598 -11,051
30 U.S. nonbank-reported liabilities 1,170 32,345
31 Foreign private purchases of U.S.
Treasury securities, net 27,229 -7,282
32 U.S. currency flows 10,497 4,525
33 Foreign purchases of other U.S.
securities, net 99,320 71,095
34 Foreign direct investments in
United States, net 21,897 16,223
35 Capital account transactions, net (5) 205 208
36 Discrepancy -55,828 24,668
37 Due to seasonal adjustment 1,721 10,019
38 Before seasonal adjustment -57,549 14,649
MEMO
Changes in official assets
39 U.S. official reserve assets
(increase, -) -199 390
40 Foreign official assets in United
States, excluding line 25
(increase, +) 5,590 8,431
41 Change in Organization of Petroleum
Exporting Countries official assets
in United States (part of line 22) 3,382 -8,532
2002
Item credits or debits Q2 (r) Q3 (p)
1 Balance on current account -127,611 -127,041
2 Balance on goods and services -109,313 -110,861
3 Exports 244,540 249,409
4 Imports -353,853 -360,270
5 Income, net -5,287 -2,959
6 Investment, net -3,629 -1,375
7 Direct 18,795 18,821
8 Portfolio -22,424 -20,196
9 Compensation of employees -1,658 -1,584
10 Unilateral current transfers, net -13,011 -13,221
11 Change in U.S. government assets
other than official reserve assets,
net (increase, -) 42 172
12 Change in U.S. official reserve
assets (increase, -) -1,843 -1,416
13 Gold 0 0
14 Special drawing rights (SDRs) -107 -132
15 Reserve position in International
Monetary Fund -1,607 -1,136
16 Foreign currencies -129 -148
17 Change in U.S. private assets abroad
(increase, -) -129,278 25,164
18 Bank-reported claims (2) -68,655 46,419
19 Nonbank-reported claims -16,693 -12,087
20 U.S. purchase of foreign
securities, net -9,675 18,295
21 U.S. direct investments abroad, net -34,255 -27,463
22 Change in foreign official assets in
United States (increase, +) 47,252 9,319
23 U.S. Treasury securities 15,193 1,424
24 Other U.S. government obligations 6,548 10,885
25 Other U.S. government
liabilities (2) 54 999
26 Other U.S. liabilities reported by
U.S. banks (2) 24,531 -4,824
27 Other foreign official assets (3) 926 835
28 Change in foreign private assets in
United States (increase, +) 157,055 139,191
29 U.S. bank-reported liabilities (4) 32,240 8,299
30 U.S. nonbank-reported liabilities 21,056 15,961
31 Foreign private purchases of U.S.
Treasury securities, net -5,124 54,691
32 U.S. currency flows 7,183 2,556
33 Foreign purchases of other U.S.
securities, net 104,404 46,647
34 Foreign direct investments in
United States, net -2,704 11,037
35 Capital account transactions, net (5) 200 223
36 Discrepancy 54,183 -45,612
37 Due to seasonal adjustment 1,256 -14,063
38 Before seasonal adjustment 52,927 -31,549
MEMO
Changes in official assets
39 U.S. official reserve assets
(increase, -) -1,843 -1,416
40 Foreign official assets in United
States, excluding line 25
(increase, +) 47,198 8,320
41 Change in Organization of Petroleum
Exporting Countries official assets
in United States (part of line 22) 838 -1,299
(1.) Seasonal factors are not calculated for lines 11-16, 18-20,
22-35, and 38-41.
(2.) Associated primarily with military sales contracts and other
transactions arranged with or through foreign official agencies.
(3.) Consists of investments in U.S. corporate stocks and in debt
securities of private corporations and state and local governments.
(4.) Reporting banks included all types of depository institutions
as well as some brokers and dealers.
(5.) Consists of capital transfers (such as those of accompanying
migrants entering or leaving the country and debt forgiveness) and
the acquisition and disposal of nonproduced nonfinancial assets.
SOURCE. U.S. Department of Commerce, Bureau of Economic Analysis,
Survey of Current Business.
Summary Statistics
3.12 U.S. RESERVE ASSETS
Millions of dollars, end of period
2002
Asset 1999 2000 2001 May
1 Total 71,516 67,647 68,654 69,579
2 Gold stock (1) 11,048 11,046 11,045 11,044
3 Special drawing rights (2),(3) 10,336 10,539 10,774 11,297
4 Reserve position in Interna-
tional Monetary Fund (2) 17,950 14,824 17,854 16,498
5 Foreign currencies (4) 32,182 31,238 28,981 30,740
2002
Asset June July Aug. Sept.
1 Total 74,696 74,751 75,307 75,860
2 Gold stock (1) 11,044 11,042 11,042 11,042
3 Special drawing rights (2),(3) 11,645 11,575 11,752 11,710
4 Reserve position in Interna-
tional Monetary Fund (2) 19,841 19,863 20,043 20,857
5 Foreign currencies (4) 32,166 32,271 32,470 32,251
2002
Asset Oct. Nov. Dec. (p)
1 Total 75,499 75,690 (r) 79,006
2 Gold stock (1) 11,042 11,043 (r) 11,043
3 Special drawing rights (2),(3) 11,700 11,855 12,166
4 Reserve position in Interna-
tional Monetary Fund (2) 20,586 20,480 21,979
5 Foreign currencies (4) 32,171 32,312 33,818
(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 May
1 Deposits 71 215 61 127
Held in custody
2 U.S. Treasury securities (2) 632,482 594,094 592,630 605,501
3 Earmarked gold (3) 9,933 9,451 9,099 9,084
2002
Asset June July Aug. Sept.
1 Deposits 90 164 86 150
Held in custody
2 U.S. Treasury securities (2) 619,226 635,036 638,003 644,381
3 Earmarked gold (3) 9,077 9,071 9,064 9,057
2002
Asset Oct. Nov. Dec. (p)
1 Deposits 89 78 (c) 136
Held in custody
2 U.S. Treasury securities (2) 647,165 669,092 678,106
3 Earmarked gold (3) 9,050 9,045 9,045
(1.) Excludes deposits and U.S. Treasury securities held for
international and regional organizations
(2.) Marketable U.S. Treasury bills, notes, and bonds and nonmarketable
U.S. Treasury securities, in each case measured at face (not market)
value.
(3.) Held in foreign and international accounts and valued at $42.22
per fine troy ounce; not included in the gold stock of the United
States.
3.15 SELECTED U.S. LIABILITIES TO FOREIGN OFFICIAL INSTITUTIONS
Millions of dollars, end of period
2000 2000
Item 1999 Mar. (6) Mar. (6)
1 Total (1) 806,318 829,290 958,725
By type
2 Liabilities reported by banks in
the United States (2) 138,847 136,577 136,577
3 U.S. Treasury bills and
certificates (3) 156,177 164,781 164,781
U.S. Treasury bonds and notes
4 Marketable 422,266 430,243 465,111
5 Nonmarketable (4) 6,111 5,734 5,734
6 U.S. securities other than U.S.
Treasury securities (5) 82,917 91,955 186,522
By area
7 Europe (1) 244,805 251,815 238,548
8 Canada 12,503 13,683 15,016
9 Latin America and Caribbean 73,518 77,195 70,884
10 Asia 463,703 474,269 612,116
11 Africa 7,523 7,979 13,504
12 Other countries 4,266 4,349 8,655
2000 2001 2002
Item Dec. Dec. July
1 Total (1) 975,304 987,572 1,048,087
By type
2 Liabilities reported by banks in
the United States (2) 144,593 123,429 143,142
3 U.S. Treasury bills and
certificates (3) 153,010 161,719 188,486
U.S. Treasury bonds and notes
4 Marketable 450,832 454,306 449,735
5 Nonmarketable (4) 5,348 3,411 3,020
6 U.S. securities other than U.S.
Treasury securities (5) 221,521 244,707 263,704
By area
7 Europe (1) 240,325 243,452 256,539
8 Canada 13,727 13,440 10,682
9 Latin America and Caribbean 70,442 71,103 62,709
10 Asia 626,017 635,180 692,309
11 Africa 14,690 15,167 15,233
12 Other countries 10,101 9,228 10,613
2002
Item Aug. Sept. Oct. (p)
1 Total (1) 1,050,781 1,051,814 1,049,808
By type
2 Liabilities reported by banks in
the United States (2) 139,577 144,286 137,939
3 U.S. Treasury bills and
certificates (3) 189,301 185,688 188,976
U.S. Treasury bonds and notes
4 Marketable 450,370 446,859 446,306
5 Nonmarketable (4) 3,040 3,058 3,078
6 U.S. securities other than U.S.
Treasury securities (5) 268,493 271,923 273,509
By area
7 Europe (1) 255,244 260,393 254,352
8 Canada 10,886 10,097 10,300
9 Latin America and Caribbean 61,887 62,094 64,162
10 Asia 695,673 692,823 694,272
11 Africa 15,257 14,514 15,524
12 Other countries 11,832 11,891 11,196
(1.) Includes the Bank for International Settlements.
(2.) Principally demand deposits, time deposits, bankers acceptances,
commercial paper, negotiable time certificates of deposit, and
borrowings under repurchase agreements.
(3.) Includes nonmarketable certificates of indebtedness and Treasury
bills issued to official institutions of foreign countries.
(4.) Excludes notes issued to foreign official nonreserve agencies.
Includes current value of zero-coupon Treasury bond issues to foreign
governments as follows: Mexico, beginning March 1990, 30-year maturity
issue; Venezuela, beginning December 1990, 30-year maturity
issue; Argentina, beginning April 1993, 30-year maturity issue.
(5.) Debt securities of U.S. government corporations and federally
sponsored agencies, and U.S. corporate stocks and bonds.
(6.) Data in the two columns shown for this date reflect different
benchmark bases for foreigners' holdings of selected U.S. long-term
securities. Figures in the first column are comparable to those for
earlier dates; figures in the second column are based in part on a
benchmark survey as of end-March 2000 and are comparable to those
shown for following dates.
SOURCE. Based on U.S. Department of the Treasury data and on data
reported to the Treasury by banks (including Federal Reserve Banks)
and securities dealers in the United States, and in periodic benchmark
surveys of foreign portfolio investment in the United States.
3.16 LIABILITIES TO, AND CLAIMS ON, FOREIGNERS
Reported by Banks in the United States (1)
Payable in Foreign Currencies
Millions of dollars, end of period
2001
Item 1998 1999 2000 Dec. (r)
1 Banks' liabilities 101,125 88,537 77,779 79,363
2 Banks' claims 78,162 67,365 56,912 74,840
3 Deposits 45,985 34,426 23,315 44,094
4 Other claims 32,177 32,939 33,597 30,746
5 Claims of banks' domestic
customers (2) 20,718 20,826 24,411 17,631
2002
Item Mar. (r) June (r) Sept.
1 Banks' liabilities 74,955 89,892 81,761
2 Banks' claims 77,746 90,695 85,292
3 Deposits 46,778 51,933 44,638
4 Other claims 30,968 38,762 40,654
5 Claims of banks' domestic
customers (2) 16,642 15,848 20,475
(1.) Data on claims exclude foreign currencies held by U.S. monetary
authorities.
(2.) Assets owned by customers of the reporting bank located in the
United States that represent claims on foreigners held by reporting
banks for the accounts of the domestic customers.
Bank-Reported Data
3.17 LIABILITIES TO FOREIGNERS Reported by Banks in the United
States (1)
Payable in U.S. dollars
Millions of dollars, end of period
Item 1999 2000 2001
BY HOLDER AND TYPE OF
LIABILITY
1 Total, all foreigners 1,408,740 1,511,410 1,655,381
2 Banks' own liabilities 971,536 1,077,636 1,180,417
3 Demand deposits 42,884 33,365 33,603
4 Time deposits (2) 163,620 187,883 155,466
5 Other (3) 155,853 171,401 199,727
6 Own foreign
offices (4) 609,179 684,987 791,621
7 Banks' custodial
liabilities (5) 437,204 433,774 474,964
8 U.S. Treasury bills
and certificates
(6) 185,676 177,846 188,028
9 Short-term agency
securities (7) n.a. n.a. 65,534
10 Other negotiable
and readily
transferable
instruments (8) 132,617 145,840 91,147
11 Other 118,911 110,088 130,255
12 Nonmonetary
international and
regional
organizations (9) 15,276 12,542 10,807
13 Banks' own
liabilities 14,357 12,140 10,169
14 Demand deposits 98 41 35
15 Time deposits (2) 10,349 6,246 3,756
16 Other (3) 3,910 5,853 6,378
17 Banks' custodial
liabilities (5) 919 402 638
18 U.S. Treasury
bills and
certificates (6) 680 252 577
19 Short-term agency
securities (7) n.a. n.a. 40
20 Other negotiable
and readily
transferable
instruments (8) 233 149 21
21 Other 6 1 0
22 Official institutions
(10) 295,024 297,603 285,148
23 Banks' own
liabilities 97,615 96,989 83,828
24 Demand deposits 3,341 3,952 2,988
25 Time deposits (2) 28,942 35,573 19,467
26 Other (3) 65,332 57,464 61,373
27 Banks' custodial
liabilities (5) 197,409 200,614 201,320
28 U.S. Treasury
bills and
certificates (6) 156,177 153,010 161,719
29 Short-term agency
securities (7) n.a. n.a. 36,351
30 Other negotiable
and readily
transferable
instruments (8) 41,182 47,366 2,180
31 Other 50 238 1,070
32 Banks (11) 900,379 972,932 1,071,951
33 Banks' own
liabilities 728,492 821,306 913,813
34 Unaffiliated
foreign banks 119,313 136,319 122,192
35 Demand deposits 17,583 15,522 13,091
36 Time deposits (2) 48,140 66,904 53,105
37 Other (3) 53,590 53,893 55,996
38 Own foreign
offices (4) 609,179 684,987 791,621
39 Banks' custodial
liabilities (5) 171,887 151,626 158,138
40 U.S. Treasury bills
and certificates
(6) 16,796 16,023 13,477
41 Short-term agency
securities (7) n.a. n.a. 7,831
42 Other negotiable
and readily
transferable
instruments (8) 45,695 36,036 33,102
43 Other 109,396 99,567 103,728
44 Other foreigners 198,061 228,333 287,475
45 Banks' own
liabilities 131,072 147,201 172,607
46 Demand deposits 21,862 13,850 17,489
47 Time deposits (2) 76,189 79,160 79,138
48 Other (3) 33,021 54,191 75,980
49 Banks' custodial
liabilities (5) 66,989 81,132 114,868
50 U.S. Treasury
bills and
certificates (6) 12,023 8,561 12,255
51 Short-term agency
securities (7) n.a. n.a. 21,312
52 Other negotiable
and readily
transferable
instruments (8) 45,507 62,289 55,844
53 Other 9,459 10,282 25,457
MEMO
54 Negotiable time
certificates of
deposits in custody
for foreigners 30,345 34,217 20,440
55 Repurchase agreements
(7) n.a. n.a. 150,806
AREA OR COUNTRY
56 Total, all foreigners 1,408,740 1,511,410 1,655,381
57 Foreign countries 1,393,464 1,498,867 1,644,574
58 Europe 441,810 446,788 521,331
59 Austria 2,789 2,692 2,922
60 Belgium (12) 44,692 33,399 6,557
61 Denmark 2,196 3,000 3,626
62 Finland 1,658 1,411 1,446
63 France 49,790 37,833 49,056
64 Germany 24,753 35,519 22,375
65 Greece 3,748 2,011 2,307
66 Italy 6,775 5,072 6,354
67 Luxembourg (12) n.a. n.a. 16,894
68 Netherlands 8,143 7,047 12,411
69 Norway 1,327 2,305 3,727
70 Portugal 2,228 2,403 4,033
71 Russia 5,475 19,018 20,800
72 Spain 10,426 7,787 8,811
73 Sweden 4,652 6,497 3,375
74 Switzerland 63,485 74,635 66,403
75 Turkey 7,842 7,548 7,474
76 United Kingdom 172,687 167,757 204,396
77 Channel Islands and
Isle of Man (13) n.a. n.a. 36,059
78 Yugoslavia (14) 286 276 309
79 Other Europe and
other former
U.S.S.R. (15) 28,858 30,578 41,996
80 Canada 34,214 30,982 27,247
81 Latin America 117,495 120,041 118,016
82 Argentina 18,633 19,451 10,704
83 Brazil 12,865 10,852 14,169
84 Chile 7,008 5,892 4,939
85 Colombia 5,669 4,542 4,695
86 Ecuador 1,956 2,112 2,390
87 Guatemala 1,626 1,601 1,882
88 Mexico 30,717 32,166 39,870
89 Panama 4,415 4,240 3,610
90 Peru 1,142 1,427 1,359
91 Uruguay 2,386 3,003 3,164
92 Venezuela 20,192 24,730 24,974
93 Other Latin
America (16) 10,886 10,025 6,260
94 Caribbean 461,200 573,337 665,866
95 Bahamas 135,811 189,298 179,208
96 Bermuda 7,874 9,636 10,539
97 British West
Indies (17) 312,278 367,197 n.a.
98 Cayman Islands (17) n.a. n.a. 458,268
99 Cuba 75 90 88
100 Jamaica 520 794 1,182
101 Netherlands Antilles 4,047 5,428 3,264
102 Trinidad and Tobago 595 894 1,269
103 Other Caribbean (16) n.a. n.a. 12,048
104 Asia 319,489 305,554 294,496
China
105 Mainland 12,325 16,531 10,498
106 Taiwan 13,603 17,352 17,633
107 Hong Kong 27,701 26,462 26,494
108 India 7,367 4,530 3,708
109 Indonesia 6,567 8,514 12,383
110 Israel 7,488 8,053 7,870
111 Japan 159,075 150,415 155,314
112 Korea (South) 12,988 7,955 9,019
113 Philippines 3,268 2,316 1,772
114 Thailand 6,050 3,117 4,743
115 Middle Eastern
oil-exporting
countries (18) 21,314 23,763 20,035
116 Other 41,743 36,546 25,027
117 Africa 9,468 10,824 11,365
118 Egypt 2,022 2,621 2,778
119 Morocco 179 139 274
120 South Africa 1,495 1,010 839
121 Congo (formerly
Zaire) 14 4 4
122 Oil-exporting
countries (19) 2,914 4,052 4,377
123 Other 2,844 2,998 3,093
124 Other countries 9,788 11,341 6,253
125 Australia 8,377 10,070 5,599
126 New Zealand (20) n.a. n.a. 242
127 All other 1,411 1,271 412
128 Nonmonetary
international
and regional
organizations 15,276 12,543 10,807
129 International (21) 12,876 11,270 9,308
130 Latin American
regional (22) 1,150 740 480
131 Other regional (23) 1,250 533 935
2002
Item Apr. May June
BY HOLDER AND TYPE OF
LIABILITY
1 Total, all foreigners 1,690,356 1,714,564 1,731,188
2 Banks' own liabilities 1,208,236 1,218,557 1,198,097
3 Demand deposits 31,392 32,060 34,600
4 Time deposits (2) 139,284 136,391 130,408
5 Other (3) 224,885 235,758 237,427
6 Own foreign
offices (4) 812,675 814,348 795,662
7 Banks' custodial
liabilities (5) 482,120 496,007 533,091
8 U.S. Treasury bills
and certificates
(6) 183,012 191,266 208,279
9 Short-term agency
securities (7) 69,525 75,157 83,613
10 Other negotiable
and readily
transferable
instruments (8) 95,378 94,061 96,154
11 Other 134,205 135,523 145,045
12 Nonmonetary
international and
regional
organizations (9) 14,441 12,129 11,568
13 Banks' own
liabilities 13,427 11,756 11,138
14 Demand deposits 19 14 32
15 Time deposits (2) 6,194 6,730 6,401
16 Other (3) 7,214 5,012 4,705
17 Banks' custodial
liabilities (5) 1,014 373 430
18 U.S. Treasury
bills and
certificates (6) 970 328 407
19 Short-term agency
securities (7) 21 18 0
20 Other negotiable
and readily
transferable
instruments (8) 21 27 23
21 Other 2 0 0
22 Official institutions
(10) 288,927 301,552 325,086
23 Banks' own
liabilities 83,948 86,402 92,972
24 Demand deposits 1,827 2,002 1,707
25 Time deposits (2) 15,331 15,514 14,551
26 Other (3) 66,790 68,886 76,714
27 Banks' custodial
liabilities (5) 204,979 215,150 232,114
28 U.S. Treasury
bills and
certificates (6) 155,770 162,516 176,178
29 Short-term agency
securities (7) 45,910 49,374 51,634
30 Other negotiable
and readily
transferable
instruments (8) 2,702 2,455 3,280
31 Other 597 805 1,022
32 Banks (11) 1,103,022 1,113,832 1,102,180
33 Banks' own
liabilities 936,200 940,930 913,776
34 Unaffiliated
foreign banks 123,525 126,582 118,114
35 Demand deposits 12,185 12,875 14,620
36 Time deposits (2) 43,727 41,364 37,094
37 Other (3) 67,613 72,343 66,400
38 Own foreign
offices (4) 812,675 814,348 795,662
39 Banks' custodial
liabilities (5) 166,822 172,902 188,404
40 U.S. Treasury bills
and certificates
(6) 13,016 14,442 16,110
41 Short-term agency
securities (7) 3,456 6,924 12,439
42 Other negotiable
and readily
transferable
instruments (8) 37,267 37,377 36,557
43 Other 113,083 114,159 123,298
44 Other foreigners 283,966 287,051 292,354
45 Banks' own
liabilities 174,661 179,469 180,211
46 Demand deposits 17,361 17,169 18,241
47 Time deposits (2) 74,032 72,783 72,362
48 Other (3) 83,268 89,517 89,608
49 Banks' custodial
liabilities (5) 109,305 107,582 112,143
50 U.S. Treasury
bills and
certificates (6) 13,256 13,980 15,584
51 Short-term agency
securities (7) 20,138 18,841 19,540
52 Other negotiable
and readily
transferable
instruments (8) 55,388 54,202 56,294
53 Other 20,523 20,559 20,725
MEMO
54 Negotiable time
certificates of
deposits in custody
for foreigners 24,061 22,587 27,490
55 Repurchase agreements
(7) 141,443 154,803 159,627
AREA OR COUNTRY
56 Total, all foreigners 1,690,356 1,714,564 1,731,188
57 Foreign countries 1,675,916 1,702,435 1,719,620
58 Europe 541,083 539,824 529,742
59 Austria 3,363 3,096 3,563
60 Belgium (12) 6,607 6,723 6,066
61 Denmark 2,801 3,455 3,416
62 Finland 1,239 1,198 1,197
63 France 36,396 36,174 35,390
64 Germany 25,584 26,643 25,188
65 Greece 2,285 2,700 3,570
66 Italy 4,948 4,620 4,694
67 Luxembourg (12) 13,967 14,893 15,469
68 Netherlands 11,030 12,045 10,439
69 Norway 6,470 7,681 11,164
70 Portugal 5,051 4,905 4,616
71 Russia 22,113 24,211 25,060
72 Spain 10,737 9,764 11,032
73 Sweden 2,495 5,677 4,176
74 Switzerland 129,007 114,220 99,588
75 Turkey 11,671 11,216 9,908
76 United Kingdom 164,217 172,034 175,785
77 Channel Islands and
Isle of Man (13) 38,070 38,602 38,735
78 Yugoslavia (14) 265 273 267
79 Other Europe and
other former
U.S.S.R. (15) 42,767 39,694 40,419
80 Canada 26,228 24,434 24,075
81 Latin America 111,661 110,009 105,982
82 Argentina 11,795 11,653 11,356
83 Brazil 14,076 12,892 12,968
84 Chile 6,326 6,643 6,121
85 Colombia 4,226 4,273 4,010
86 Ecuador 2,342 2,294 2,259
87 Guatemala 1,782 1,335 1,319
88 Mexico 34,879 35,250 32,440
89 Panama 3,336 3,273 3,894
90 Peru 1,225 1,270 1,417
91 Uruguay 2,648 2,410 2,373
92 Venezuela 22,380 22,333 21,738
93 Other Latin
America (16) 6,646 6,383 6,087
94 Caribbean 673,108 698,131 704,615
95 Bahamas 164,499 172,604 179,725
96 Bermuda 11,096 13,419 15,646
97 British West
Indies (17) n.a. n.a. n.a.
98 Cayman Islands (17) 478,218 493,272 488,069
99 Cuba 90 93 96
100 Jamaica 1,047 996 924
101 Netherlands Antilles 5,745 3,312 3,757
102 Trinidad and Tobago 1,791 1,634 1,593
103 Other Caribbean (16) 10,622 12,801 14,805
104 Asia 306,459 312,668 336,488
China
105 Mainland 22,336 22,410 20,779
106 Taiwan 24,371 21,733 23,480
107 Hong Kong 24,613 27,275 29,018
108 India 4,045 4,980 7,061
109 Indonesia 11,875 12,623 13,871
110 Israel 9,541 8,965 8,954
111 Japan 157,689 161,589 179,654
112 Korea (South) 5,972 6,592 6,826
113 Philippines 1,671 1,544 1,754
114 Thailand 4,940 5,060 5,966
115 Middle Eastern
oil-exporting
countries (18) 15,453 18,128 16,582
116 Other 23,953 21,769 22,543
117 Africa 11,645 11,664 11,830
118 Egypt 3,606 3,605 3,672
119 Morocco 234 230 307
120 South Africa 636 683 685
121 Congo (formerly
Zaire) 6 7 n.a.
122 Oil-exporting
countries (19) 3,828 3,561 3,522
123 Other 3,335 3,578 3,644
124 Other countries 5,732 5,705 6,888
125 Australia 4,801 4,706 6,031
126 New Zealand (20) 533 510 494
127 All other 398 489 363
128 Nonmonetary
international
and regional
organizations 14,441 12,129 11,568
129 International (21) 12,262 10,851 10,490
130 Latin American
regional (22) 954 644 342
131 Other regional (23) 1,158 550 645
2002
Item July Aug.
BY HOLDER AND TYPE OF
LIABILITY
1 Total, all foreigners 1,708,496 1,764,902 (r)
2 Banks' own liabilities 1,178,301 1,224,916 (r)
3 Demand deposits 32,558 31,428
4 Time deposits (2) 123,892 125,270 (r)
5 Other (3) 257,097 261,964
6 Own foreign
offices (4) 764,754 806,254
7 Banks' custodial
liabilities (5) 530,195 539,986 (r)
8 U.S. Treasury bills
and certificates
(6) 222,361 225,605
9 Short-term agency
securities (7) 67,985 68,968
10 Other negotiable
and readily
transferable
instruments (8) 102,518 105,331
11 Other 137,331 140,082 (r)
12 Nonmonetary
international and
regional
organizations (9) 11,495 10,540
13 Banks' own
liabilities 10,993 9,986
14 Demand deposits 15 34
15 Time deposits (2) 7,394 6,294
16 Other (3) 3,584 3,658
17 Banks' custodial
liabilities (5) 502 554
18 U.S. Treasury
bills and
certificates (6) 481 532
19 Short-term agency
securities (7) 0 0
20 Other negotiable
and readily
transferable
instruments (8) 21 22
21 Other 0 0
22 Official institutions
(10) 331,628 328,878 (r)
23 Banks' own
liabilities 93,555 89,340 (r)
24 Demand deposits 2,146 1,946
25 Time deposits (2) 13,458 14,405 (r)
26 Other (3) 77,951 72,989 (r)
27 Banks' custodial
liabilities (5) 238,073 239,538
28 U.S. Treasury
bills and
certificates (6) 188,486 189,301
29 Short-term agency
securities (7) 45,257 45,208
30 Other negotiable
and readily
transferable
instruments (8) 3,496 3,834
31 Other 834 1,195
32 Banks (11) 1,054,340 1,095,315 (r)
33 Banks' own
liabilities 875,065 911,686 (r)
34 Unaffiliated
foreign banks 110,311 105,432 (r)
35 Demand deposits 12,790 11,804
36 Time deposits (2) 31,780 33,899
37 Other (3) 65,741 59,729 (r)
38 Own foreign
offices (4) 764,754 806,254
39 Banks' custodial
liabilities (5) 179,275 183,629 (r)
40 U.S. Treasury bills
and certificates
(6) 17,497 17,737
41 Short-term agency
securities (7) 2,876 2,975
42 Other negotiable
and readily
transferable
instruments (8) 43,466 45,169
43 Other 115,436 117,748 (r)
44 Other foreigners 311,033 330,169 (r)
45 Banks' own
liabilities 198,688 213,904 (r)
46 Demand deposits 17,607 17,644
47 Time deposits (2) 71,260 70,672 (r)
48 Other (3) 109,821 125,588
49 Banks' custodial
liabilities (5) 112,345 116,265
50 U.S. Treasury
bills and
certificates (6) 15,897 18,035
51 Short-term agency
securities (7) 19,852 20,785
52 Other negotiable
and readily
transferable
instruments (8) 55,535 56,306
53 Other 21,061 21,139
MEMO
54 Negotiable time
certificates of
deposits in custody
for foreigners 28,027 28,215
55 Repurchase agreements
(7) 180,775 192,299
AREA OR COUNTRY
56 Total, all foreigners 1,708,496 1,764,902 (r)
57 Foreign countries 1,697,462 1,754,360 (r)
58 Europe 525,065 547,372 (r)
59 Austria 2,862 3,537
60 Belgium (12) 6,462 6,270
61 Denmark 3,507 4,090
62 Finland 3,503 1,498
63 France 39,809 35,447
64 Germany 27,754 27,046
65 Greece 2,815 2,677
66 Italy 3,914 3,440
67 Luxembourg (12) 15,237 15,682
68 Netherlands 9,568 11,522
69 Norway 14,540 10,047
70 Portugal 3,496 3,055
71 Russia 24,189 24,196
72 Spain 10,394 12,423
73 Sweden 4,815 5,709
74 Switzerland 85,247 101,660
75 Turkey 10,701 12,393
76 United Kingdom 175,246 183,139 (r)
77 Channel Islands and
Isle of Man (13) 39,286 38,069
78 Yugoslavia (14) 279 276
79 Other Europe and
other former
U.S.S.R. (15) 41,441 45,196
80 Canada 26,361 24,607
81 Latin America 105,697 106,416
82 Argentina 11,297 11,432
83 Brazil 12,537 12,051
84 Chile 6,394 5,798
85 Colombia 3,872 3,718
86 Ecuador 2,324 2,266
87 Guatemala 1,323 1,384
88 Mexico 33,301 34,916
89 Panama 3,143 3,154
90 Peru 1,502 1,353
91 Uruguay 1,885 2,614
92 Venezuela 21,771 21,547
93 Other Latin
America (16) 6,348 6,183
94 Caribbean 695,375 733,451 (r)
95 Bahamas 160,784 172,092 (r)
96 Bermuda 18,372 21,962
97 British West
Indies (17) n.a. n.a.
98 Cayman Islands (17) 493,720 511,177 (r)
99 Cuba 92 99
100 Jamaica 931 948
101 Netherlands Antilles 3,950 10,548
102 Trinidad and Tobago 1,691 1,803
103 Other Caribbean (16) 15,835 14,822
104 Asia 326,469 322,804 (r)
China
105 Mainland 18,106 18,808
106 Taiwan 19,068 20,103
107 Hong Kong 30,713 26,971
108 India 7,370 7,240
109 Indonesia 13,589 13,805
110 Israel 9,757 7,952
111 Japan 176,445 174,319
112 Korea (South) 7,038 6,845
113 Philippines 2,080 1,572
114 Thailand 4,591 5,113
115 Middle Eastern
oil-exporting
countries (18) 15,467 16,668
116 Other 22,245 23,408 (r)
117 Africa 12,103 12,128
118 Egypt 3,411 3,179
119 Morocco 265 307
120 South Africa 724 777
121 Congo (formerly
Zaire) 1 n.a.
122 Oil-exporting
countries (19) 3,757 3,940
123 Other 3,945 3,925
124 Other countries 6,392 7,582
125 Australia 5,422 6,523
126 New Zealand (20) 613 644
127 All other 357 415
128 Nonmonetary
international
and regional
organizations 11,495 10,542
129 International (21) 10,097 9,422
130 Latin American
regional (22) 386 402
131 Other regional (23) 894 643
2002
Item Sept. Oct. (p)
BY HOLDER AND TYPE OF
LIABILITY
1 Total, all foreigners 1,751,860 (r) 1,845,883
2 Banks' own liabilities 1,217,732 (r) 1,305,690
3 Demand deposits 32,026 31,607
4 Time deposits (2) 120,098 (r) 127,915
5 Other (3) 277,600 268,268
6 Own foreign
offices (4) 788,008 (r) 877,900
7 Banks' custodial
liabilities (5) 534,128 540,193
8 U.S. Treasury bills
and certificates
(6) 222,656 (r) 221,817
9 Short-term agency
securities (7) 70,739 (r) 74,505
10 Other negotiable
and readily
transferable
instruments (8) 104,735 105,447
11 Other 135,998 138,424
12 Nonmonetary
international and
regional
organizations (9) 11,596 13,153
13 Banks' own
liabilities 10,808 12,538
14 Demand deposits 52 61
15 Time deposits (2) 5,502 6,156
16 Other (3) 5,254 6,321
17 Banks' custodial
liabilities (5) 788 615
18 U.S. Treasury
bills and
certificates (6) 764 597
19 Short-term agency
securities (7) 0 0
20 Other negotiable
and readily
transferable
instruments (8) 18 18
21 Other 6 0
22 Official institutions
(10) 329,974 (r) 326,915
23 Banks' own
liabilities 96,473 (r) 91,468
24 Demand deposits 1,900 2,915
25 Time deposits (2) 13,275 (r) 13,902
26 Other (3) 81,298 (r) 74,651
27 Banks' custodial
liabilities (5) 233,501 235,447
28 U.S. Treasury
bills and
certificates (6) 185,688 188,976
29 Short-term agency
securities (7) 44,161 42,841
30 Other negotiable
and readily
transferable
instruments (8) 2,708 2,850
31 Other 944 780
32 Banks (11) 1,082,818 (r) 1,191,468
33 Banks' own
liabilities 901,414 (r) 1,000,220
34 Unaffiliated
foreign banks 113,406 (r) 122,320
35 Demand deposits 11,391 10,989
36 Time deposits (2) 30,886 35,676
37 Other (3) 71,129 (r) 75,655
38 Own foreign
offices (4) 788,008 (r) 877,900
39 Banks' custodial
liabilities (5) 181,404 191,248
40 U.S. Treasury bills
and certificates
(6) 17,095 16,647
41 Short-term agency
securities (7) 6,819 14,573
42 Other negotiable
and readily
transferable
instruments (8) 43,688 43,742
43 Other 113,802 116,286
44 Other foreigners 327,472 (r) 314,347
45 Banks' own
liabilities 209,037 (r) 201,464
46 Demand deposits 18,683 17,642
47 Time deposits (2) 70,435 (r) 72,181
48 Other (3) 119,919 (r) 111,641
49 Banks' custodial
liabilities (5) 118,435 112,883
50 U.S. Treasury
bills and
certificates (6) 19,109 (r) 15,597
51 Short-term agency
securities (7) 19,759 (r) 17,091
52 Other negotiable
and readily
transferable
instruments (8) 58,321 58,837
53 Other 21,246 21,358
MEMO
54 Negotiable time
certificates of
deposits in custody
for foreigners 28,267 27,817
55 Repurchase agreements
(7) 205,171 191,970
AREA OR COUNTRY
56 Total, all foreigners 1,751,860 (r) 1,845,883
57 Foreign countries 1,740,263 (r) 1,832,730
58 Europe 569,567 (r) 649,032
59 Austria 3,081 3,053
60 Belgium (12) 8,389 7,420
61 Denmark 3,141 3,033
62 Finland 1,259 5,170
63 France 37,915 38,524
64 Germany 31,197 31,381
65 Greece 2,612 3,357
66 Italy 3,493 5,043
67 Luxembourg (12) 16,156 15,486
68 Netherlands 11,004 10,690
69 Norway 17,747 18,895
70 Portugal 3,695 3,220
71 Russia 25,252 24,407
72 Spain 12,596 12,825
73 Sweden 4,137 4,857
74 Switzerland 105,283 181,836
75 Turkey 12,786 11,226
76 United Kingdom 182,605 (r) 183,514
77 Channel Islands and
Isle of Man (13) 38,846 39,961
78 Yugoslavia (14) 280 316
79 Other Europe and
other former
U.S.S.R. (15) 48,093 44,818
80 Canada 24,832 26,407
81 Latin America 104,104 106,812
82 Argentina 11,179 12,053
83 Brazil 11,583 11,550
84 Chile 5,494 5,827
85 Colombia 4,509 3,847
86 Ecuador 2,374 2,155
87 Guatemala 1,535 1,500
88 Mexico 32,486 34,661
89 Panama 3,225 3,573
90 Peru 1,369 1,300
91 Uruguay 2,613 2,583
92 Venezuela 21,355 21,661
93 Other Latin
America (16) 6,382 6,102
94 Caribbean 701,327 (r) 720,728
95 Bahamas 165,955 169,251
96 Bermuda 21,895 20,466
97 British West
Indies (17) n.a. n.a.
98 Cayman Islands (17) 495,362 (r) 512,653
99 Cuba 92 92
100 Jamaica 932 856
101 Netherlands Antilles 4,391 5,303
102 Trinidad and Tobago 1,562 1,471
103 Other Caribbean (16) 11,138 10,636
104 Asia 321,964 (r) 311,296
China
105 Mainland 14,621 15,852
106 Taiwan 21,726 23,269
107 Hong Kong 27,604 26,559
108 India 7,488 7,182
109 Indonesia 13,098 12,316
110 Israel 11,619 9,105
111 Japan 170,143 160,323
112 Korea (South) 6,562 6,287
113 Philippines 2,064 1,589
114 Thailand 5,044 7,021
115 Middle Eastern
oil-exporting
countries (18) 17,226 (r) 15,585
116 Other 24,769 (r) 26,208
117 Africa 11,145 11,935
118 Egypt 2,538 2,545
119 Morocco 329 335
120 South Africa 777 692
121 Congo (formerly
Zaire) 86 n.a.
122 Oil-exporting
countries (19) 3,670 4,635
123 Other 3,745 3,728
124 Other countries 7,324 6,520
125 Australia 5,931 5,437
126 New Zealand (20) 869 599
127 All other 524 484
128 Nonmonetary
international
and regional
organizations 11,597 13,153
129 International (21) 9,367 11,725
130 Latin American
regional (22) 394 561
131 Other regional (23) 1,766 789
(1.) Reporting banks include all types of depository institutions as
well as some brokers and dealers. Excludes bonds and notes of
maturities longer than one year.
(2.) Excludes negotiable time certificates deposit, which are included
in "Other negotiable and readily transferable instruments."
(3.) Includes borrowing under repurchase agreements.
(4.) For U.S. banks, includes amounts owed to own foreign branches and
foreign subsidiaries consolidated in quarterly Consolidated Reports of
Condition filed with bank regulatory agencies. For agencies, branches,
and majority-owned subsidiaries of foreign banks, consists principally
of amounts owed to the head office or parent foreign bank, and to
foreign branches, agencies, or wholly owned subsidiaries of the head
office or parent foreign bank.
(5.) Financial claims on residents of the United States, other than
long-term securities, held by or through reporting banks for foreign
customers.
(6.) Includes nonmarketable certificates of indebtedness and Treasury
bills issued to official institutions of foreign countries.
(7.) Data available beginning January 2001.
(8.) Principally bankers acceptances, commercial paper, and negotiable
time certificates of deposit.
(9.) Principally the International Bank for Reconstruction and
Development, the Inter-American Development Bank, and the Asian
Development Bank. Excludes "holdings of dollars" of the International
Monetary Fund.
(10.) Foreign central banks, foreign central governments, and the Bank
for International Settlements.
(11.) Excludes central banks, which are included in "Official
institutions."
(12.) Before January 2001, data for Belgium-Luxembourg were combined.
(13.) Before January 2001, these data were included in data reported
for the United Kingdom.
(14.) Since December 1992, has excluded Bosnia, Croatia, and Slovenia.
(15.) Includes the Bank for International Settlements and the European
Central Bank. Since December 1992, has included all parts of the former
U.S.S.R. (except Russia), and Bosnia, Croatia, and Slovenia.
(16.) Before January 2001, data for "Other Latin America" and "Other
Caribbean" were combined in "Other Latin America and Caribbean."
(17.) Beginning January 2001, data for the Cayman Islands replaced data
for the British West Indies.
(18.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(19.) Comprises Algeria, Gabon, Libya, and Nigeria.
(20.) Before January 2001, these data were included in "All other."
(21.) Principally the International Bank for Reconstruction and
Development. Excludes "holdings of dollars" of the International
Monetary Fund.
(22.) Principally the Inter-American Development Bank.
(23.) Asian, African, Middle Eastern, and European regional
organizations, except the Bank for International Settlements, which is
included in "Other Europe."
3.18 BANKS' OWN CLAIMS ON FOREIGNERS Reported by Banks in the
United States (1)
Payable in U.S. dollars
Millions of dollars, end of period
2002
Area or country 1999 2000 2001 Apr.
1 Total, all foreigners 793,139 904,642 1,055,169 1,103,935
2 Foreign countries 788,576 899,956 1,050,223 1,099,790
3 Europe 311,686 378,115 461,276 527,756
4 Austria 2,643 2,926 5,006 3,431
5 Belgium (2) 10,193 5,399 6,366 4,387
6 Denmark 1,669 3,272 1,105 1,122
7 Finland 2,020 7,382 10,350 13,092
8 France 29,142 40,035 60,670 58,004
9 Germany 29,205 36,834 29,902 34,281
10 Greece 806 646 330 364
11 Italy 8,496 7,629 4,205 5,036
12 Luxembourg (2) n.a. n.a. 1,267 3,453
13 Netherlands 11,810 17,043 15,927 16,892
14 Norway 1,000 5,012 6,249 6,572
15 Portugal 1,571 1,382 1,603 2,083
16 Russia 713 517 594 951
17 Spain 3,796 2,603 3,260 3,484
18 Sweden 3,264 9,226 12,544 11,589
19 Switzerland 79,158 82,085 87,333 150,258
20 Turkey 2,617 3,059 2,124 3,012
21 United Kingdom 115,971 144,938 201,201 198,660
22 Channel Islands and
Isle of Man (3) n.a. n.a. 4,478 3,755
23 Yugoslavia (4) 50 50 n.a. 2
24 Other Europe and
other former
U.S.S.R. (5) 7,562 8,077 6,762 7,328
25 Canada 37,206 39,837 54,421 57,078
26 Latin America 74,040 76,561 69,762 69,524
27 Argentina 10,894 11,519 10,763 9,722
28 Brazil 16,987 20,567 19,434 20,138
29 Chile 6,607 5,815 5,317 5,226
30 Colombia 4,524 4,370 3,602 3,643
31 Ecuador 760 635 495 495
32 Guatemala 1,135 1,244 1,495 1,329
33 Mexico 17,899 17,415 16,522 17,356
34 Panama 3,387 2,933 3,061 2,764
35 Peru 2,529 2,807 2,185 2,019
36 Uruguay 801 673 447 477
37 Venezuela 3,494 3,518 3,077 3,472
38 Other Latin
America (6) 5,023 5,065 3,364 2,883
39 Caribbean 281,128 319,403 370,945 345,459
40 Bahamas 99,066 114,090 101,034 94,279
41 Bermuda 8,007 9,260 7,900 9,722
42 British West
Indies (7) 167,189 189,289 n.a. n.a.
43 Cayman Islands (7) n.a. n.a. 250,376 231,683
44 Cuba 0 0 n.a. n.a.
45 Jamaica 295 355 418 413
46 Netherlands Antilles 5,982 5,801 6,729 5,390
47 Trinidad and Tobago 589 608 931 935
48 Other Caribbean (6) n.a. n.a. 3,557 3,037
49 Asia 75,143 77,829 85,882 91,687
China
50 Mainland 2,110 1,606 2,073 6,044
51 Taiwan 1,390 2,247 4,407 3,349
52 Hong Kong 5,903 6,669 9,995 6,457
53 India 1,738 2,178 1,348 1,276
54 Indonesia 1,776 1,914 1,752 1,677
55 Israel 1,875 2,729 4,396 4,413
56 Japan 28,641 34,974 34,125 37,787
57 Korea (South) 9,426 7,776 10,622 15,020
58 Philippines 1,410 1,784 2,587 1,718
59 Thailand 1,515 1,381 2,499 752
60 Middle Eastern
oil-exporting
countries (8) 14,267 9,346 7,882 9,143
61 Other 5,092 5,225 4,196 4,051
62 Africa 2,268 2,094 2,095 1,967
63 Egypt 258 201 416 333
64 Morocco 352 204 106 85
65 South Africa 622 309 710 672
66 Congo (formerly
Zaire) 24 0 n.a. n.a.
67 Oil-exporting
countries (9) 276 471 167 234
68 Other 736 909 696 643
69 Other countries 7,105 6,117 5,842 6,319
70 Australia 6,824 5,868 5,455 5,692
71 New Zealand (10) n.a. n.a. 349 586
72 All other 281 249 38 41
73 Nonmonetary
international
and regional
organizations (11) 4,563 4,686 4,946 4,147
2002
Area or country May June July
1 Total, all foreigners 1,089,474 1,110,469 1,048,408
2 Foreign countries 1,084,700 1,106,223 1,043,772
3 Europe 511,409 504,174 464,552
4 Austria 3,558 3,963 4,046
5 Belgium (2) 4,019 5,197 7,126
6 Denmark 1,062 1,248 856
7 Finland 14,279 16,517 13,718
8 France 58,207 58,766 59,104
9 Germany 29,033 28,891 26,156
10 Greece 354 330 393
11 Italy 4,050 4,378 5,568
12 Luxembourg (2) 3,552 3,547 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 14,932
19 Switzerland 137,532 119,244 87,969
20 Turkey 2,953 2,662 2,410
21 United Kingdom 198,194 203,627 198,151
22 Channel Islands and
Isle of Man (3) 3,835 4,246 4,962
23 Yugoslavia (4) 1 n.a. n.a.
24 Other Europe and
other former
U.S.S.R. (5) 7,287 6,772 6,325
25 Canada 57,451 60,593 63,237
26 Latin America 65,502 66,851 63,194
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 519 500 462
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 2,932 2,799
39 Caribbean 360,258 374,459 345,580
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) 234,758 243,369 225,681
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 99,551
China
50 Mainland 4,857 6,047 7,832
51 Taiwan 3,261 6,520 6,954
52 Hong Kong 5,350 5,596 6,614
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 35,947
57 Korea (South) 13,326 14,856 18,065
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 (9) 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 Zealand (10) 406 455 392
72 All other 21 6 7
73 Nonmonetary
international
and regional
organizations (11) 4,774 4,246 4,636
2002
Area or country Aug. Sept. Oct. (p)
1 Total, all foreigners 1,086,297 1,064,640 (r) 1,135,884
2 Foreign countries 1,082,050 1,061,995 (r) 1,133,184
3 Europe 483,076 470,315 (r) 543,054
4 Austria 4,297 4,336 3,861
5 Belgium (2) 5,140 4,689 5,590
6 Denmark 1,546 1,483 1,534
7 Finland 16,230 15,812 14,821
8 France 51,798 51,083 (r) 47,065
9 Germany 26,072 23,344 (r) 21,101
10 Greece 438 408 388
11 Italy 4,442 4,942 3,984
12 Luxembourg (2) 3,067 2,847 2,818
13 Netherlands 18,232 17,691 (r) 13,284
14 Norway 10,578 11,036 11,848
15 Portugal 1,823 2,006 1,922
16 Russia 842 801 858
17 Spain 3,589 4,675 3,183
18 Sweden 14,618 13,970 (r) 15,366
19 Switzerland 106,281 103,920 (r) 184,037
20 Turkey 2,515 2,474 2,622
21 United Kingdom 202,178 194,757 (r) 195,816
22 Channel Islands and
Isle of Man (3) 5,076 5,926 7,281
23 Yugoslavia (4) n.a. n.a. n.a.
24 Other Europe and
other former
U.S.S.R. (5) 4,314 4,115 (r) 5,675
25 Canada 60,310 62,836 57,519
26 Latin America 62,214 60,377 (r) 59,295
27 Argentina 8,090 7,663 7,608
28 Brazil 17,945 17,266 16,863
29 Chile 4,960 5,118 5,142
30 Colombia 3,158 3,078 2,834
31 Ecuador 479 467 451
32 Guatemala 861 925 907
33 Mexico 16,015 15,805 15,367
34 Panama 2,433 1,959 2,021
35 Peru 1,649 1,599 1,504
36 Uruguay 527 345 319
37 Venezuela 3,291 3,301 3,389
38 Other Latin
America (6) 2,806 2,851 (r) 2,890
39 Caribbean 367,915 347,755 356,581
40 Bahamas 95,704 91,146 (r) 96,509
41 Bermuda 11,847 11,304 12,196
42 British West
Indies (7) n.a. n.a. n.a.
43 Cayman Islands (7) 248,107 234,435 (r) 235,693
44 Cuba n.a. n.a. n.a.
45 Jamaica 353 463 429
46 Netherlands Antilles 7,334 6,194 7,427
47 Trinidad and Tobago 877 916 920
48 Other Caribbean (6) 3,693 3,297 3,407
49 Asia 100,484 112,430 (r) 109,359
China
50 Mainland 5,904 7,256 8,515
51 Taiwan 7,443 8,656 8,599
52 Hong Kong 6,531 8,481 5,778
53 India 1,293 1,258 999
54 Indonesia 1,457 1,426 1,390
55 Israel 4,952 5,067 4,710
56 Japan 37,559 45,058 (r) 42,252
57 Korea (South) 18,961 17,394 19,439
58 Philippines 1,593 2,134 1,843
59 Thailand 1,175 1,841 1,205
60 Middle Eastern
oil-exporting
countries (8) 8,975 8,619 9,253
61 Other 4,641 5,240 (r) 5,376
62 Africa 1,887 1,891 1,790
63 Egypt 324 332 326
64 Morocco 72 58 50
65 South Africa 601 576 554
66 Congo (formerly
Zaire) n.a. n.a. n.a.
67 Oil-exporting
countries (9) 247 303 261
68 Other 643 622 599
69 Other countries 6,164 6,391 (r) 5,586
70 Australia 5,616 5,589 (r) 5,088
71 New Zealand (10) 541 789 (r) 485
72 All other 7 13 13
73 Nonmonetary
international
and regional
organizations (11) 4,247 2,645 (r) 2,700
(1.) Reporting banks include all types of depository institutions as
well as some brokers and dealers.
(2.) Before January 2001, combined data reported for
Belgium-Luxembourg.
(3.) Before January 2001, data included in United Kingdom.
(4.) Since December 1992, has excluded Bosnia, Croatia, and Slovenia.
(5.) Includes the Bank for International Settlements and European
Central Bank. Since December 1992, has included all parts of the
former U.S.S.R. (except Russia) and Bosnia, Croatia, and Slovenia.
(6.) Before January 2001, "Other Latin America" and "Other Caribbean"
were reported as combined "Other Latin America and Caribbean."
(7.) Beginning 2001, Cayman Islands replaced British West Indies in
the data series.
(8.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(9.) Comprises Algeria, Gabon, Libya, and Nigeria.
(10.) Before January 2001, included in "All other."
(11.) Excludes the Bank for International Settlements, which is
included in "Other Europe."
3.19 BANKS' OWN AND DOMESTIC CUSTOMERS' CLAIMS ON FOREIGNERS
Reported by Banks in the United States (1)
Payable in U.S. dollars
Millions of dollars, end of period
Type of claim 1999 2000 2001
1 Total 944,937 1,095,869 1,254,963 (r)
2 Banks' claims 793,139 904,642 1,055,169
3 Foreign public
borrowers 35,090 37,907 49,486
4 Own foreign
offices (2) 529,682 630,137 749,124
5 Unaffilliated
foreign banks 97,186 95,243 100,367
6 Deposits 34,538 23,886 26,189
7 Other 62,648 71,357 74,178
8 All other foreigners 131,181 141,355 156,192
9 Claims of banks'
domestic
customers (3) 151,798 191,227 199,794 (r)
10 Deposits 88,006 100,352 93,565 (r)
11 Negotiable and
readily
transferable
instruments (4) 51,161 78,147 90,412 (r)
12 Outstanding
collections and
other claims 12,631 12,728 15,817
MEMO
13 Customer liability on
acceptances 4,553 4,257 2,588
14 Banks' loans under
resale
agreements (5) n.a. n.a. 137,655
15 Dollar deposits in
banks abroad,
reported by
nonbanking business
enterprises in the
United States (6) 31,125 53,153 60,711
2002
Type of claim Apr. May June
1 Total ... ... 1,321,535 (r)
2 Banks' claims 1,103,935 1,089,474 1,110,469
3 Foreign public
borrowers 52,772 49,524 51,042
4 Own foreign
offices (2) 787,312 782,182 793,226
5 Unaffilliated
foreign banks 95,081 89,279 92,444
6 Deposits 22,778 21,598 24,012
7 Other 72,303 67,681 68,432
8 All other foreigners 168,770 168,489 173,757
9 Claims of banks'
domestic
customers (3) ... ... 211,066 (r)
10 Deposits ... ... 94,129 (r)
11 Negotiable and
readily
transferable
instruments (4) ... ... 104,532 (r)
12 Outstanding
collections and
other claims ... ... 12,405 (r)
MEMO
13 Customer liability on
acceptances ... ... 2,356 (r)
14 Banks' loans under
resale
agreements (5) 137,154 134,901 152,383
15 Dollar deposits in
banks abroad,
reported by
nonbanking business
enterprises in the
United States (6) 57,884 48,488 62,161
2002
Type of claim July Aug.
1 Total ... ...
2 Banks' claims 1,048,408 1,086,297
3 Foreign public
borrowers 61,151 61,541
4 Own foreign
offices (2) 720,252 758,173
5 Unaffilliated
foreign banks 91,946 86,225
6 Deposits 24,449 19,051
7 Other 67,497 67,174
8 All other foreigners 175,059 180,358
9 Claims of banks'
domestic
customers (3) ... ...
10 Deposits ... ...
11 Negotiable and
readily
transferable
instruments (4) ... ...
12 Outstanding
collections and
other claims ... ...
MEMO
13 Customer liability on
acceptances ... ...
14 Banks' loans under
resale
agreements (5) 162,975 164,355
15 Dollar deposits in
banks abroad,
reported by
nonbanking business
enterprises in the
United States (6) 57,552 52,982
2002
Type of claim Sept. (r) Oct. (p)
1 Total 1,252,076 ...
2 Banks' claims 1,064,640 1,135,884
3 Foreign public
borrowers 61,297 63,404
4 Own foreign
offices (2) 734,051 807,004
5 Unaffilliated
foreign banks 94,264 94,474
6 Deposits 24,213 26,606
7 Other 70,051 67,868
8 All other foreigners 175,028 171,002
9 Claims of banks'
domestic
customers (3) 187,436 ...
10 Deposits 86,455 ...
11 Negotiable and
readily
transferable
instruments (4) 88,648 ...
12 Outstanding
collections and
other claims 12,333 ...
MEMO
13 Customer liability on
acceptances 2,353 ...
14 Banks' loans under
resale
agreements (5) 159,880 159,662
15 Dollar deposits in
banks abroad,
reported by
nonbanking business
enterprises in the
United States (6) 52,470 55,284
(1.) For banks' claims, data are monthly; for claims of banks' domestic
customers, data are for quarter ending with month indicated.
Reporting banks include all types of depository institution as well as
some brokers and dealers.
(2.) For U.S. banks, includes amounts due from own foreign branches and
foreign subsidiaries consolidated in quarterly Consolidated Reports of
Condition filed with bank regulatory agencies. For agencies, branches,
and majority-owned subsidiaries of foreign banks, consists principally
of amounts due from the head office or parent foreign bank, and from
foreign branches, agencies, or wholly owned subsidiaries of the head
office or parent foreign bank.
(3.) Assets held by reporting banks in the accounts of their domestic
customers.
(4.) Principally negotiable time certificates of deposit and bankers
acceptances, and commercial paper.
(5.) Data available beginning January 2001.
(6.) Includes demand and time deposits and negotiable and
nonnegotiable certificates of deposit denominated in U.S.
dollars issued by banks abroad.
3.20 BANKS' OWN CLAIMS ON UNAFFILIATED FOREIGNERS Reported
by Banks in the United States (1)
Payable in U.S. dollars
Millions of dollars, end of period
Maturity, by borrower
and area (2) 1998 1999 2000
1 Total 250,418 267,082 274,009
By borrower
2 Maturity of one year or less 186,526 187,894 186,103
3 Foreign public borrowers 13,671 22,811 21,399
4 All other foreigners 172,855 165,083 164,704
5 Maturity of more than one
year 63,892 79,188 87,906
6 Foreign public borrowers 9,839 12,013 15,838
7 All other foreigners 54,053 67,175 72,068
By area
Maturity of one year or less
8 Europe 68,679 80,842 142,464
9 Canada 10,968 7,859 8,323
10 Latin America and
Caribbean 81,766 69,498 151,840
11 Asia 18,007 21,802 43,371
12 Africa 1,835 1,122 2,263
13 All other (3) 5,271 6,771 11,717
Maturity of more than one
year
14 Europe 14,923 22,951 57,770
15 Canada 3,140 3,192 3,174
16 Latin America and
Caribbean 33,442 39,051 82,684
17 Asia 10,018 11,257 19,536
18 Africa 1,232 1,065 1,567
19 All other (3) 1,137 1,672 5,954
2001 2002
Maturity, by borrower
and area (2) Dec. Mar. (r)
1 Total 305,326 (r) 307,305
By borrower
2 Maturity of one year or less 200,240 (r) 187,488
3 Foreign public borrowers 27,501 (r) 26,736
4 All other foreigners 172,739 (r) 160,752
5 Maturity of more than one
year 105,086 (r) 119,817
6 Foreign public borrowers 21,324 28,167
7 All other foreigners 83,762 (r) 91,650
By area
Maturity of one year or less
8 Europe 83,233 (r) 79,182
9 Canada 10,072 7,733
10 Latin America and
Caribbean 70,648 68,824
11 Asia 29,693 24,553
12 Africa 1,104 1,124
13 All other (3) 5,490 6,072
Maturity of more than one
year
14 Europe 34,230 (r) 43,284
15 Canada 3,633 3,623
16 Latin America and
Caribbean 47,382 48,744
17 Asia 15,190 19,553
18 Africa 769 720
19 All other (3) 3,882 3,893
2002
Maturity, by borrower
and area (2) June (r) Sept. (p)
1 Total 316,596 330,137
By borrower
2 Maturity of one year or less 202,952 214,599
3 Foreign public borrowers 26,781 32,106
4 All other foreigners 176,171 182,493
5 Maturity of more than one
year 113,644 115,538
6 Foreign public borrowers 23,939 28,751
7 All other foreigners 89,705 86,787
By area
Maturity of one year or less
8 Europe 82,220 86,522
9 Canada 8,069 6,357
10 Latin America and
Caribbean 78,762 80,156
11 Asia 28,375 36,608
12 Africa 918 896
13 All other (3) 4,611 4,060
Maturity of more than one
year
14 Europe 39,208 38,571
15 Canada 3,480 4,146
16 Latin America and
Caribbean 51,292 47,961
17 Asia 15,025 20,720
18 Africa 907 812
19 All other (3) 3,732 3,328
(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 Sept. Dec.
1 Total 1,051.6 945.5 954.4 1,027.3
2 G-10 countries and Switzerland 217.7 243.4 280.3 300.7
3 Belgium and Luxembourg 10.7 14.3 13.0 14.2
4 France 18.4 29.0 29.0 29.6
5 Germany 30.9 38.7 37.6 45.1
6 Italy 11.5 18.1 18.6 21.3
7 Netherlands 7.8 12.3 17.5 18.4
8 Sweden 2.3 3.0 4.3 3.6
9 Switzerland 8.5 10.3 10.9 13.2
10 United Kingdom 85.4 79.3 112.8 115.6
11 Canada 16.8 16.3 18.5 16.7
12 Japan 25.4 22.1 18.1 23.0
13 Other industrialized countries 69.0 68.4 73.7 74.5
14 Austria 1.4 3.5 3.5 4.1
15 Denmark 2.2 2.6 1.8 1.9
16 Finland 1.4 .9 2.8 1.5
17 Greece 5.9 6.0 6.4 8.3
18 Norway 3.2 3.3 8.5 8.3
19 Portugal 1.4 1.0 1.5 2.0
20 Spain 13.7 12.1 10.5 10.3
21 Turkey 4.8 4.8 5.6 5.9
22 Other Western Europe 10.4 6.8 8.3 6.5
23 South Africa 4.4 3.8 4.2 3.6
24 Australia 20.3 23.5 20.5 22.1
25 OPEC (2) 27.1 31.4 31.4 28.9
26 Ecuador 1.3 .8 .6 .6
27 Venezuela 3.2 2.8 2.9 2.5
28 Indonesia 4.7 4.2 4.4 4.6
29 Middle East countries 17.0 23.1 22.4 20.3
30 African countries 1.0 .5 1.2 .8
31 Non-OPEC developing countries 143.4 149.4 149.5 145.5
Latin America
32 Argentina 23.1 23.2 21.4 21.4
33 Brazil 24.7 27.7 28.5 28.8
34 Chile 8.3 7.4 7.3 7.6
35 Colombia 3.2 2.5 2.4 2.4
36 Mexico 18.9 18.7 17.5 15.7
37 Peru 2.2 1.7 2.1 2.0
38 Other 5.4 5.9 6.2 6.3
Asia
China
39 Mainland 3.0 3.6 3.4 2.9
40 Taiwan 13.3 12.0 12.8 10.8
41 India 5.5 7.7 5.8 9.1
42 Israel 1.1 1.8 1.1 2.7
43 Korea (South) 13.7 15.2 21.4 15.5
44 Malaysia 5.6 6.1 6.9 7.1
45 Philippines 5.1 6.2 4.7 5.1
46 Thailand 4.7 4.1 3.9 4.0
47 Other Asia 2.9 2.9 1.7 1.9
Africa
48 Egypt 1.3 1.4 1.1 1.1
49 Morocco .5 .4 .4 .3
50 Zaire .0 .0 .0 .0
51 Other Africa (3) 1.0 1.0 .8 .7
52 Eastern Europe 5.5 5.2 9.0 10.1
53 Russia (4) 2.2 1.6 1.4 1.0
54 Other 3.3 3.6 7.6 9.1
55 Offshore banking centers 93.9 59.9 59.4 76.3
56 Bahamas 35.4 13.7 9.3 13.5
57 Bermuda 4.6 8.0 6.3 9.0
58 Cayman Islands and other
British West Indies 12.8 1.3 5.9 14.6
59 Netherlands Antilles 2.6 1.7 1.9 1.9
60 Panama (5) 3.9 3.9 2.5 3.2
61 Lebanon .1 .1 .1 .1
62 Hong Kong, China 23.3 21.0 20.6 18.7
63 Singapore 11.1 10.1 12.6 15.2
64 Other (6) .2 .1 .1 .2
65 Miscellaneous and
unallocated (7) 495.1 387.9 351.1 391.2
2001
Area or country Mar. June Sept.
1 Total 1,141.1 1,137.0 1,282.1
2 G-10 countries and Switzerland 334.6 336.3 290.7 (r)
3 Belgium and Luxembourg 15.2 13.0 14.3
4 France 30.0 35.8 34.4
5 Germany 45.0 51.4 40.9
6 Italy 20.3 23.6 22.6
7 Netherlands 22.1 18.6 20.7
8 Sweden 4.7 4.7 5.1
9 Switzerland 13.7 13.3 12.8
10 United Kingdom 140.2 126.2 92.7 (r)
11 Canada 15.4 21.3 20.3
12 Japan 28.0 28.3 26.8
13 Other industrialized countries 75.2 70.0 70.6
14 Austria 3.8 3.6 4.4
15 Denmark 3.1 2.7 2.7
16 Finland 1.4 1.2 1.3
17 Greece 4.1 3.6 3.6
18 Norway 10.2 7.9 6.2
19 Portugal 1.9 1.4 1.4
20 Spain 12.4 12.4 13.7
21 Turkey 5.0 4.5 4.1
22 Other Western Europe 7.1 6.9 7.2
23 South Africa 4.1 3.8 4.4
24 Australia 21.9 22.1 21.6
25 OPEC (2) 27.9 27.1 27.4
26 Ecuador .6 .6 .6
27 Venezuela 2.7 2.6 2.6
28 Indonesia 4.4 4.2 4.0
29 Middle East countries 19.7 19.3 19.9
30 African countries .5 .4 .4
31 Non-OPEC developing countries 150.1 157.6 201.6
Latin America
32 Argentina 20.9 19.8 19.2
33 Brazil 29.4 30.9 30.9
34 Chile 7.3 7.0 6.4
35 Colombia 2.4 2.4 2.5
36 Mexico 16.7 16.3 60.0
37 Peru 2.0 2.0 1.9
38 Other 8.6 8.3 8.1
Asia
China
39 Mainland 3.2 6.7 5.9
40 Taiwan 11.2 10.7 10.8
41 India 6.5 11.8 14.1
42 Israel 2.2 2.0 3.2
43 Korea (South) 19.9 19.3 19.3
44 Malaysia 6.5 6.7 6.1
45 Philippines 5.2 5.4 5.2
46 Thailand 4.2 4.2 3.9
47 Other Asia 1.7 1.8 1.6
Africa
48 Egypt 1.2 1.2 1.4
49 Morocco .3 .3 .3
50 Zaire .0 .0 .0
51 Other Africa (3) .7 .7 .8
52 Eastern Europe 9.5 9.5 10.2
53 Russia (4) 1.5 1.5 1.6
54 Other 8.0 8.0 8.5
55 Offshore banking centers 71.4 58.1 73.1
56 Bahamas 7.0 .0 1.1
57 Bermuda 7.9 5.7 7.6
58 Cayman Islands and other
British West Indies 13.6 11.9 21.8
59 Netherlands Antilles 2.9 1.7 5.8
60 Panama (5) 3.8 3.4 3.5
61 Lebanon .1 .1 .1
62 Hong Kong, China 21.5 22.3 17.9
63 Singapore 14.6 12.9 15.2
64 Other (6) .1 .1 .0
65 Miscellaneous and
unallocated (7) 472.4 478.6 608.7 (r)
2001 2002
Area or country Dec. Mar.
1 Total 913.0 799.5 (r)
2 G-10 countries and Switzerland 404.4 (r) 324.2 (r)
3 Belgium and Luxembourg 19.1 16.4
4 France 39.1 34.2 (r)
5 Germany 42.9 49.2
6 Italy 20.9 19.0
7 Netherlands 19.3 23.8 (r)
8 Sweden 5.3 5.5
9 Switzerland 12.4 13.5
10 United Kingdom 193.1 (r) 110.5 (r)
11 Canada 19.1 16.9
12 Japan 33.1 35.3
13 Other industrialized countries 70.5 69.9
14 Austria 4.8 5.1
15 Denmark 2.6 3.5
16 Finland 1.1 2.1
17 Greece 3.2 3.3
18 Norway 8.1 9.0
19 Portugal 1.6 1.8
20 Spain 12.1 12.1
21 Turkey 3.9 5.3
22 Other Western Europe 8.3 8.4
23 South Africa 4.1 3.3
24 Australia 20.6 15.9
25 OPEC (2) 27.3 27.5
26 Ecuador .6 .6
27 Venezuela 2.4 2.4
28 Indonesia 3.7 3.6
29 Middle East countries 20.3 20.6
30 African countries .3 .3
31 Non-OPEC developing countries 203.3 195.9
Latin America
32 Argentina 19.2 12.8
33 Brazil 28.0 26.6
34 Chile 7.0 7.1
35 Colombia 2.5 2.4
36 Mexico 68.2 67.1
37 Peru 1.8 1.5
38 Other 8.9 7.9
Asia
China
39 Mainland 5.0 7.0
40 Taiwan 12.2 12.6
41 India 6.9 6.3
42 Israel 3.7 2.4
43 Korea (South) 18.5 22.4
44 Malaysia 6.7 6.4
45 Philippines 5.6 5.4
46 Thailand 5.1 4.0
47 Other Asia 1.9 1.9
Africa
48 Egypt 1.2 1.3
49 Morocco .1 .1
50 Zaire .0 .0
51 Other Africa (3) .7 .7
52 Eastern Europe 10.1 10.6
53 Russia (4) 1.6 2.8
54 Other 8.5 7.9
55 Offshore banking centers 72.0 56.6
56 Bahamas 7.5 7.5
57 Bermuda 7.6 8.1
58 Cayman Islands and other
British West Indies 16.4 5.0
59 Netherlands Antilles 2.8 3.3
60 Panama (5) 3.2 3.3
61 Lebanon .1 .1
62 Hong Kong, China 18.9 15.7
63 Singapore 15.5 13.5
64 Other (6) .1 .0
65 Miscellaneous and
unallocated (7) 125.4 (r) 114.8 (r)
2002
Area or country June Sept. (p)
1 Total 867.0 (r) 851.2
2 G-10 countries and Switzerland 346.7 (r) 316.3
3 Belgium and Luxembourg 17.0 18.1
4 France 43.6 (r) 34.5
5 Germany 52.0 48.9
6 Italy 20.3 15.9
7 Netherlands 20.9 22.7
8 Sweden 6.2 5.9
9 Switzerland 14.0 12.7
10 United Kingdom 117.8 (r) 101.9
11 Canada 18.3 18.7
12 Japan 36.7 36.9
13 Other industrialized countries 78.4 80.7
14 Austria 5.7 6.5
15 Denmark 2.9 2.8
16 Finland 1.5 1.6
17 Greece 3.7 4.1
18 Norway 10.6 12.7
19 Portugal 1.8 1.4
20 Spain 13.3 15.2
21 Turkey 4.3 4.0
22 Other Western Europe 9.0 7.6
23 South Africa 3.5 2.5
24 Australia 22.2 22.3
25 OPEC (2) 26.7 26.4
26 Ecuador .6 .5
27 Venezuela 2.2 2.4
28 Indonesia 3.3 3.0
29 Middle East countries 20.2 20.1
30 African countries .4 .4
31 Non-OPEC developing countries 195.0 (r) 188.3
Latin America
32 Argentina 12.3 9.0
33 Brazil 24.8 21.9
34 Chile 7.1 6.8
35 Colombia 2.4 2.2
36 Mexico 63.5 57.9
37 Peru 1.5 1.4
38 Other 7.4 7.2
Asia
China
39 Mainland 8.6 9.3
40 Taiwan 15.0 (r) 17.3
41 India 5.9 5.6
42 Israel 2.4 3.9
43 Korea (South) 24.4 25.4
44 Malaysia 6.3 6.6
45 Philippines 5.3 5.3
46 Thailand 3.5 4.5
47 Other Asia 2.0 2.0
Africa
48 Egypt 1.5 1.3
49 Morocco .1 .1
50 Zaire .0 .0
51 Other Africa (3) .8 .7
52 Eastern Europe 11.9 (r) 12.8
53 Russia (4) 2.8 2.6
54 Other 9.0 (r) 10.2
55 Offshore banking centers 90.6 93.3
56 Bahamas 10.9 5.5
57 Bermuda 12.7 11.8
58 Cayman Islands and other
British West Indies 27.8 40.8
59 Netherlands Antilles 2.8 2.2
60 Panama (5) 3.2 3.0
61 Lebanon .2 .1
62 Hong Kong, China 16.5 18.7
63 Singapore 16.6 11.2
64 Other (6) .0 .0
65 Miscellaneous and
unallocated (7) 117.8 (r) 133.4
NOTE. Publication of table 3.21, "Claims on Foreign Countries Held by
U.S. and Foreign Offices of U.S. Banks," will be discontinued in the
Federal Reserve Bulletin after the March 2003 issue. Table 3.21 was
originally published as a more timely report of a geographic breakdown
of assets of foreign branches than the report released by the Federal
Financial Institutions Examination Council (FFIEC), FFIEC009 Country
Exposure Report, which once lagged by five months. Currently, the
Country Exposure Report from FFIEC is being published with a quarter
lag and has more complete data on country risk exposure of U.S.
banks. The data are available on FFIEC's web site: http://www.
ffiec.gov/e16.htm, or can be obtained from Publications Services,
Mail Stop 127, Board of Governors of the Federal Reserve System,
Washington, DC 20551, or call 202-452-3244 or 45.
(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
Type of liability, and area or
country 1998 1999 2000
1 Total 46,570 53,044 73,904
2 Payable in dollars 36,668 37,605 48,931
3 Payable in foreign currencies 9,902 15,415 24,973
By type
4 Financial liabilities 19,255 27,980 47,419
5 Payable in dollars 10,371 13,883 25,246
6 Payable in foreign currencies 8,884 14,097 22,173
7 Commercial liabilities 27,315 25,064 26,485
8 Trade payables 10,978 12,857 14,293
9 Advance receipts and other
liabilities 16,337 12,207 12,192
10 Payable in dollars 26,297 23,722 23,685
11 Payable in foreign currencies 1,018 1,318 2,800
By area or country
Financial liabilities
12 Europe 12,589 23,241 34,172
13 Belgium and Luxembourg 79 31 147
14 France 1,097 1,659 1,480
15 Germany 2,063 1,974 2,168
16 Netherlands 1,406 1,996 2,016
17 Switzerland 155 147 104
18 United Kingdom 5,980 16,521 26,362
19 Canada 693 284 411
20 Latin America and Caribbean 1,495 892 4,125
21 Bahamas 7 1 6
22 Bermuda 101 5 1,739
23 Brazil 152 126 148
24 British West Indies 957 492 406
25 Mexico 59 25 26
26 Venezuela 2 0 2
27 Asia 3,785 3,437 7,965
28 Japan 3,612 3,142 6,216
29 Middle Eastern oil-exporting
countries (1) 0 4 11
30 Africa 28 28 52
31 Oil-exporting countries (2) 0 0 0
32 All other (3) 665 98 694
Commercial liabilities
33 Europe 10,030 9,262 9,629
34 Belgium and Luxembourg 278 140 293
35 France 920 672 979
36 Germany 1,392 1,131 1,047
37 Netherlands 429 507 300
38 Switzerland 499 626 502
39 United Kingdom 3,697 3,071 2,847
40 Canada 1,390 1,775 1,933
41 Latin America and Caribbean 1,618 2,310 2,381
42 Bahamas 14 22 31
43 Bermuda 198 152 281
44 Brazil 152 145 114
45 British West Indies 10 48 76
46 Mexico 347 887 841
47 Venezuela 202 305 284
48 Asia 12,342 9,886 10,983
49 Japan 3,827 2,609 2,757
50 Middle Eastern oil-exporting
countries (1) 2,852 2,551 2,832
51 Africa 794 950 948
52 Oil-exporting countries (2) 393 499 483
53 Other (3) 1,141 881 614
2001
Type of liability, and area or
country Mar. June Sept. 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 currencies 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
23 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 (2) 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
2002
Type of liability, and area or
country Mar. June
1 Total 74,280 (r) 70,179
2 Payable in dollars 47,050 (r) 48,103
3 Payable in foreign currencies 27,230 22,076
By type
4 Financial liabilities 45,833 (r) 42,365
5 Payable in dollars 20,367 (r) 21,892
6 Payable in foreign currencies 25,466 20,473
7 Commercial liabilities 28,447 27,814
8 Trade payables 14,872 13,959
9 Advance receipts and other
liabilities 13,575 13,855
10 Payable in dollars 26,683 26,211
11 Payable in foreign currencies 1,764 1,603
By area or country
Financial liabilities
12 Europe 38,942 (r) 34,682
13 Belgium and Luxembourg 119 120
14 France 3,531 4,071
15 Germany 2,982 (r) 2,622
16 Netherlands 1,951 1,939
17 Switzerland 84 61
18 United Kingdom 28,180 23,859
19 Canada 942 946
20 Latin America and Caribbean 1,547 1,832
21 Bahamas 5 5
22 Bermuda 836 626
23 Brazil 35 38
24 British West Indies 612 1,000
25 Mexico 27 25
26 Venezuela 1 5
27 Asia 4,010 4,491
28 Japan 3,299 2,387
29 Middle Eastern oil-exporting
countries (1) 15 14
30 Africa 122 120
31 Oil-exporting countries (2) 91 91
32 All other (3) 270 294
Commercial liabilities
33 Europe 8,372 8,468
34 Belgium and Luxembourg 105 94
35 France 701 827
36 Germany 584 570
37 Netherlands 463 765
38 Switzerland 637 749
39 United Kingdom 2,747 2,551
40 Canada 1,798 2,027
41 Latin America and Caribbean 3,454 2,746
42 Bahamas 23 12
43 Bermuda 433 422
44 Brazil 277 320
45 British West Indies 67 46
46 Mexico 1,457 958
47 Venezuela 281 204
48 Asia 12,969 12,693
49 Japan 4,281 4,143
50 Middle Eastern oil-exporting
countries (1) 3,142 3,259
51 Africa 976 916
52 Oil-exporting countries (2) 454 349
53 Other (3) 878 964
(1.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and United Arab Emirates (Trucial States).
(2.) Comprises Algeria, Gabon, Libya, and Nigeria.
(3.) Includes nonmonetary international and regional organizations.
Nonbank-Reported Data
3.23 CLAIMS ON UNAFFILIATED FOREIGNERS
Reported by Nonbanking Business
Enterprises in the United States
Millions of dollars, end of period
Type of claim, and
area or country 1998 1999 2000
1 Total 77,462 76,669 90,157
2 Payable in dollars 72,171 69,170 79,558
3 Payable in foreign currencies 5,291 7,472 10,599
By type
4 Financial claims 46,260 40,231 53,031
5 Deposits 30,199 18,566 23,374
6 Payable in dollars 28,549 16,373 21,015
7 Payable in foreign
currencies 1,650 2,193 2,359
8 Other financial claims 16,061 21,665 29,657
9 Payable in dollars 14,049 18,593 25,142
10 Payable in foreign
currencies 2,012 3,072 4,515
11 Commercial claims 31,202 36,438 37,126
12 Trade receivables 27,202 32,629 33,104
13 Advance payments and other
claims 4,000 3,809 4,022
14 Payable in dollars 29,573 34,204 33,401
15 Payable in foreign
currencies 1,629 2,207 3,725
By area or country
Financial claims
16 Europe 12,294 13,023 23,136
17 Belgium and Luxembourg 661 529 296
18 France 864 967 1,206
19 Germany 304 504 848
20 Netherlands 875 1,229 1,396
21 Switzerland 414 643 699
22 United Kingdom 7,766 7,561 15,900
23 Canada 2,503 2,553 4,576
24 Latin America and Caribbean 27,714 18,206 19,317
25 Bahamas 403 1,593 1,353
26 Bermuda 39 11 19
27 Brazil 835 1,476 1,827
28 British West Indies 24,388 12,099 12,596
29 Mexico 1,245 1,798 2,448
30 Venezuela 55 48 87
31 Asia 3,027 5,457 4,697
32 Japan 1,194 3,262 1,631
33 Middle Eastern oil-
exporting countries (1) 9 23 80
34 Africa 159 286 411
35 Oil-exporting
countries (2) 16 15 57
36 All other (3) 563 706 894
Commercial claims
37 Europe 13,246 16,389 15,938
38 Belgium and Luxembourg 238 316 452
39 France 2,171 2,236 3,095
40 Germany 1,822 1,960 1,982
41 Netherlands 467 1,429 1,729
42 Switzerland 483 610 763
43 United Kingdom 4,769 5,827 4,502
44 Canada 2,617 2,757 3,502
45 Latin America and Caribbean 6,296 5,959 5,851
46 Bahamas 24 20 37
47 Bermuda 536 390 376
48 Brazil 1,024 905 957
49 British West Indies 104 181 137
50 Mexico 1,545 1,678 1,507
51 Venezuela 401 439 328
52 Asia 7,192 9,165 9,630
53 Japan 1,681 2,074 2,796
54 Middle Eastern oil-
exporting countries (1) 1,135 1,625 1,024
55 Africa 711 631 672
56 Oil-exporting
countries (2) 165 171 180
57 Other (3) 1,140 1,537 1,572
2001
Type of claim, and
area or country Mar. June Sept.
1 Total 107,705 97,470 94,076
2 Payable in dollars 94,932 87,690 83,292
3 Payable in foreign currencies 12,773 9,780 10,784
By type
4 Financial claims 74,255 61,891 60,015
5 Deposits 25,419 25,381 22,391
6 Payable in dollars 23,244 23,174 19,888
7 Payable in foreign
currencies 2,175 2,207 2,503
8 Other financial claims 48,836 36,510 37,624
9 Payable in dollars 41,417 32,038 32,076
10 Payable in foreign
currencies 7,419 4,472 5,548
11 Commercial claims 33,450 35,579 34,061
12 Trade receivables 28,958 30,631 29,328
13 Advance payments and other
claims 4,492 4,948 4,733
14 Payable in dollars 30,271 32,478 31,328
15 Payable in foreign
currencies 3,179 3,101 2,733
By area or country
Financial claims
16 Europe 31,855 23,975 23,069
17 Belgium and Luxembourg 430 262 372
18 France 3,142 1,376 1,682
19 Germany 1,401 1,163 1,112
20 Netherlands 2,313 1,072 954
21 Switzerland 613 653 665
22 United Kingdom 20,938 15,913 15,670
23 Canada 4,847 4,787 4,254
24 Latin America and Caribbean 28,791 24,403 26,099
25 Bahamas 561 818 649
26 Bermuda 1,729 426 80
27 Brazil 1,648 1,877 2,065
28 British West Indies 21,227 17,505 19,234
29 Mexico 2,461 2,633 2,910
30 Venezuela 38 66 80
31 Asia 7,215 6,829 5,274
32 Japan 3,867 1,698 1,761
33 Middle Eastern oil-
exporting countries (1) 86 76 100
34 Africa 430 476 456
35 Oil-exporting
countries (2) 42 35 83
36 All other (3) 1,117 1,421 891
Commercial claims
37 Europe 13,775 14,469 14,381
38 Belgium and Luxembourg 395 403 354
39 France 3,479 3,190 3,062
40 Germany 1,586 1,993 1,977
41 Netherlands 757 863 844
42 Switzerland 634 473 514
43 United Kingdom 3,562 3,724 3,571
44 Canada 3,392 3,470 3,116
45 Latin America and Caribbean 5,144 6,033 5,590
46 Bahamas 20 39 35
47 Bermuda 407 650 526
48 Brazil 975 1,363 1,183
49 British West Indies 130 135 124
50 Mexico 1,350 1,375 1,442
51 Venezuela 292 321 301
52 Asia 8,985 9,499 8,704
53 Japan 2,560 3,148 2,438
54 Middle Eastern oil-
exporting countries (1) 966 1,040 919
55 Africa 773 601 838
56 Oil-exporting
countries (2) 165 102 170
57 Other (3) 1,381 1,507 1,432
2001 2002
Type of claim, and
area or country Dec. Mar. June
1 Total 113,155 115,743 (r) 116,137 (r)
2 Payable in dollars 103,937 106,171 (r) 107,095 (r)
3 Payable in foreign currencies 9,218 9,572 9,042
By type
4 Financial claims 81,287 85,381 (r) 87,324 (r)
5 Deposits 29,801 41,813 (r) 42,136 (r)
6 Payable in dollars 27,850 40,002 (r) 40,323 (r)
7 Payable in foreign
currencies 1,951 1,811 1,813
8 Other financial claims 51,486 43,568 45,188 (r)
9 Payable in dollars 46,621 39,553 41,875 (r)
10 Payable in foreign
currencies 4,865 4,015 3,313
11 Commercial claims 31,868 30,362 28,813 (r)
12 Trade receivables 27,586 25,597 24,252 (r)
13 Advance payments and other
claims 4,282 4,765 4,561 (r)
14 Payable in dollars 29,466 26,616 24,897 (r)
15 Payable in foreign
currencies 2,402 3,746 3,916
By area or country
Financial claims
16 Europe 26,118 35,933 (r) 36,863 (r)
17 Belgium and Luxembourg 625 751 797
18 France 1,450 3,489 (r) 3,921 (r)
19 Germany 1,068 4,114 (r) 3,972 (r)
20 Netherlands 2,138 3,253 (r) 3,995 (r)
21 Switzerland 589 308 1,010 (r)
22 United Kingdom 16,510 17,910 (r) 16,037 (r)
23 Canada 6,193 5,471 (r) 5,537 (r)
24 Latin America and Caribbean 41,201 35,001 37,511
25 Bahamas 976 1,197 1,332
26 Bermuda 918 611 704
27 Brazil 2,127 1,892 2,036
28 British West Indies 32,965 27,350 29,591
29 Mexico 3,075 2,777 2,823
30 Venezuela 83 79 60
31 Asia 6,430 6,489 5,826
32 Japan 1,604 2,009 1,093
33 Middle Eastern oil-
exporting countries (1) 135 79 78
34 Africa 414 390 431
35 Oil-exporting
countries (2) 49 51 64
36 All other (3) 931 2,097 (r) 1,156 (r)
Commercial claims
37 Europe 14,036 12,708 11,861 (r)
38 Belgium and Luxembourg 268 272 207 (r)
39 France 2,922 2,883 2,828 (r)
40 Germany 1,662 1,198 1,163
41 Netherlands 529 415 379 (r)
42 Switzerland 611 436 472
43 United Kingdom 3,839 3,579 3,387 (r)
44 Canada 2,855 2,760 2,752 (r)
45 Latin America and Caribbean 4,874 4,891 4,520 (r)
46 Bahamas 42 42 28
47 Bermuda 369 422 214 (r)
48 Brazil 958 837 829 (r)
49 British West Indies 95 73 26
50 Mexico 1,401 1,225 1,283 (r)
51 Venezuela 288 312 316 (r)
52 Asia 7,855 7,513 7,309 (r)
53 Japan 2,007 1,975 2,064 (r)
54 Middle Eastern oil-
exporting countries (1) 851 657 889 (r)
55 Africa 645 630 604 (r)
56 Oil-exporting
countries (2) 88 109 93 (r)
57 Other (3) 1,603 1,860 1,767 (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.
Securities Holdings and Transactions
3.24 FOREIGN TRANSACTIONS IN SECURITIES
Millions of dollars
2002
Transaction, and area Jan.-
or country 2000 2001 Oct.
U.S. corporate securities
STOCKS
1 Foreign purchases 3,605,196 3,051,332 2,676,788
2 Foreign sales 3,430,306 2,934,942 2,637,768
3 Net purchases, or sales (-) 174,890 116,390 39,020
4 Foreign countries 174,903 116,187 39,097
5 Europe 164,656 88,099 23,436
6 France 5,727 5,914 1,720
7 Germany 31,752 8,415 -705
8 Netherlands 4,915 10,919 3,208
9 Switzerland 11,960 3,456 26
10 United Kingdom 58,736 38,493 12,175
11 Channel Islands and Isle of
Man (1) n.a. -698 -265
12 Canada 5,956 10,984 5,149
13 Latin America and Caribbean -17,812 -5,154 -15,971
14 Middle East (2) 9,189 1,789 -1,134
15 Other Asia 12,494 20,726 24,815
16 Japan 2,070 6,788 14,680
17 Africa 415 -366 -39
18 Other countries 5 109 2,841
19 Nonmonetary international
and regional organizations -11 203 -76
BONDS (3)
20 Foreign purchases 1,208,386 1,942,690 2,080,275
21 Foreign sales 871,416 1,556,745 1,775,990
22 Net purchases, of sales (-) 336,970 385,945 304,285
23 Foreign countries 337,074 385,380 304,259
24 Europe 180,917 195,412 136,744
25 France 2,216 5,028 3,869
26 Germany 4,067 12,362 3,174
27 Netherlands 1,130 1,538 -392
28 Switzerland 3,973 5,721 7,577
29 United Kingdom 141,223 152,772 90,910
30 Channel Islands and Isle of
Man (1) n.a. 2,000 5,315
31 Canada 13,287 4,595 1,789
32 Latin America and Caribbean 59,444 77,019 70,020
33 Middle East (1) 2,076 2,338 1,939
34 Other Asia 78,794 106,400 89,869
35 Japan 39,356 33,687 33,069
36 Africa 938 760 806
37 Other countries 1,618 -1,144 3,092
38 Nonmonetary international
and regional organizations -70 566 26
Foreign securities
39 Stocks, net purchases, of
sales (-) -13,088 -50,113 2,504
40 Foreign purchases 1,802,185 1,397,664 1,095,501
41 Foreign sales 1,815,273 1,447,777 1,092,997
42 Bonds, net purchases, or
sales (-) -4,054 30,423 31,222
43 Foreign purchases 958,932 1,159,185 1,114,821
44 Foreign sales 962,986 1,128,762 1,083,599
45 Net purchases, or sales (-),
of stocks and bonds -17,142 -19,690 33,726
46 Foreign countries -17,278 -19,102 33,763
47 Europe -25,386 -12,117 16,988
48 Canada -3,888 2,943 5,731
49 Latin America and Caribbean -15,688 4,245 3,318
50 Asia 24,488 -11,869 7,861
51 Japan 20,970 -20,116 -456
52 Africa 943 -557 -526
53 Other countries 2,253 -1,747 393
54. Nonmonetary international
and regional organizations 150 -587 -39
2002
Transaction, and area
or country Apr. May June July
U.S. corporate securities
STOCKS
1 Foreign purchases 272,125 274,543 248,562 318,210
2 Foreign sales 264,298 274,889 244,549 308,555
3 Net purchases, or sales (-) 7,827 -346 4,013 9,655
4 Foreign countries 7,834 -324 3,997 9,582
5 Europe 2,591 -2,548 -653 3,205
6 France 1,202 -1,270 -1,249 38
7 Germany 56 -48 -131 -595
8 Netherlands -663 41 36 1,440
9 Switzerland 814 89 -710 -341
10 United Kingdom -324 -1,829 1,117 1,829
11 Channel Islands and Isle of
Man (1) -63 -3 -2 73
12 Canada 1,262 546 373 1,939
13 Latin America and Caribbean 1,989 -703 -673 -1,318
14 Middle East (2) -273 -30 198 43
15 Other Asia 2,143 2,253 3,986 4,755
16 Japan 1,244 3,116 3,193 3,660
17 Africa -41 9 -1 3
18 Other countries 163 149 767 955
19 Nonmonetary international
and regional organizations -7 -22 16 73
BONDS (3)
20 Foreign purchases 217,286 219,553 204,684 221,223
21 Foreign sales 175,072 174,562 171,729 205,574
22 Net purchases, of sales (-) 42,214 44,991 32,955 15,649
23 Foreign countries 42,229 45,121 32,806 15,970
24 Europe 20,875 19,149 20,019 3,152
25 France 380 350 462 192
26 Germany 385 132 681 680
27 Netherlands 732 -49 -518 393
28 Switzerland 247 1,412 1,109 1,406
29 United Kingdom 15,540 15,309 13,022 -330
30 Channel Islands and Isle of
Man (1) 20 92 -14 -20
31 Canada 385 -193 923 -611
32 Latin America and Caribbean 8,487 15,618 2,936 1,840
33 Middle East (1) 9 -172 24 125
34 Other Asia 12,438 10,608 8,521 10,336
35 Japan 8,509 5,046 3,290 4,754
36 Africa 95 13 330 112
37 Other countries -60 98 53 1,016
38 Nonmonetary international
and regional organizations -15 -130 149 -321
Foreign securities
39 Stocks, net purchases, of
sales (-) -3,561 -7,927 -4,983 13,285
40 Foreign purchases 114,999 113,418 111,699 139,500
41 Foreign sales 118,560 121,345 116,682 126,215
42 Bonds, net purchases, or
sales (-) 461 6,871 5,730 7,707
43 Foreign purchases 99,383 124,357 118,365 120,212
44 Foreign sales 98,922 117,486 112,635 112,505
45 Net purchases, or sales (-),
of stocks and bonds -3,100 -1,056 747 20,992
46 Foreign countries -3,204 -1,105 781 21,082
47 Europe -4,805 647 -4,639 11,407
48 Canada 1,565 56 2,240 1,918
49 Latin America and Caribbean -1,106 -1,699 2,785 1,939
50 Asia 2,220 381 342 4,990
51 Japan 998 -518 -871 3,453
52 Africa -1,141 -118 8 205
53 Other countries 63 -372 45 623
54. Nonmonetary international
and regional organizations 104 49 -34 -90
2002
Transaction, and area
or country Aug. Sept. Oct. (p)
U.S. corporate securities
STOCKS
1 Foreign purchases 257,264 206,699 297,173
2 Foreign sales 252,651 213,168 295,080
3 Net purchases, or sales (-) 4,613 -6,469 2,093
4 Foreign countries 4,602 -6,454 2,087
5 Europe 3,830 -5,156 2,185
6 France 942 -936 982
7 Germany -328 -1,175 276
8 Netherlands 900 -4 760
9 Switzerland -306 -949 -176
10 United Kingdom 2,801 -1,227 1,403
11 Channel Islands and Isle of
Man (1) -47 -20 94
12 Canada 1,336 -774 -1,179
13 Latin America and Caribbean -3,850 -2,902 -2,874
14 Middle East (2) -58 46 -90
15 Other Asia 3,231 2,012 3,985
16 Japan 2,249 238 -7
17 Africa -34 36 -22
18 Other countries 147 284 82
19 Nonmonetary international
and regional organizations 11 -15 6
BONDS (3)
20 Foreign purchases 221,413 208,641 (r) 217,382
21 Foreign sales 189,475 183,816 (r) 184,827
22 Net purchases, of sales (-) 31,938 24,825 (r) 32,555
23 Foreign countries 31,907 24,916 (r) 32,153
24 Europe 10,927 11,679 (r) 17,052
25 France 487 255 1,083
26 Germany 370 -388 -71
27 Netherlands 55 -36 (r) 149
28 Switzerland 1,825 356 355
29 United Kingdom 3,718 7,297 (r) 10,357
30 Channel Islands and Isle of
Man (1) 1,203 1,342 2,239
31 Canada 165 -385 (r) 541
32 Latin America and Caribbean 9,707 3,440 (r) 4,339
33 Middle East (1) 578 40 196
34 Other Asia 9,026 9,601 10,126
35 Japan 1,975 6,134 5,505
36 Africa 77 171 -18
37 Other countries 1,427 370 (r) -83
38 Nonmonetary international
and regional organizations 31 -91 402
Foreign securities
39 Stocks, net purchases, of
sales (-) 3,049 712 -4,673
40 Foreign purchases 92,879 87,224 120,594
41 Foreign sales 89,830 86,512 125,267
42 Bonds, net purchases, or
sales (-) -1,583 1,096 (r) 6,920
43 Foreign purchases 111,361 125,817 (r) 123,139
44 Foreign sales 112,944 124,721 (r) 116,219
45 Net purchases, or sales (-),
of stocks and bonds 1,466 1,808 (r) 2,247
46 Foreign countries 1,441 1,830 (r) 2,194
47 Europe 563 1,345 (r) 679
48 Canada 8 -581 (r) 197
49 Latin America and Caribbean -600 -497 (r) -32
50 Asia 1,028 1,019 1,694
51 Japan 379 -861 13
52 Africa 393 -39 104
53 Other countries 49 583 (r) -448
54. Nonmonetary international
and regional organizations 25 -22 53
(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 2002
Jan.- Apr.
Area or country 2000 2001 Oct.
1 Total estimated -54,032 18,514 51,680 -12,528
2 Foreign countries -53,571 19,200 50,018 -12,838
3 Europe -50,704 -20,604 -7,997 -8,844
4 Belgium (2) 73 -598 1,500 -71
5 Germany -7,304 -1,668 -8,408 -115
6 Luxembourg (2) n.a. 462 -1,227 -325
7 Netherlands 2,140 -6,728 -22,889 -3,295
8 Sweden 1,082 -1,190 395 103
9 Switzerland -10,326 1,412 -427 -1,262
10 United Kingdom -33,669 -7,279 27,631 -5,996
11 Channel Islands and
Isle of Man (3) n.a. -179 1,097 -35
12 Other Europe and
former U.S.S.R. -2,700 -4,836 -5,669 2,152
13 Canada -550 -1,634 -6,970 -1,223
14 Latin America and
Caribbean -4,914 4,272 20,378 -1,500
15 Venezuela 1,288 290 15 -18
16 Other Latin America and
Caribbean -11,581 14,726 20,846 -1,918
17 Netherlands Antilles 5,379 -10,744 -483 436
18 Asia 1,639 36,332 40,998 -1,543
19 Japan 10,580 16,114 25,661 3,019
20 Africa -414 -880 750 -176
21 Other 1,372 1,714 2,859 448
22 Nonmonetary international
and regional
organizations -461 -686 1,662 310
23 International -483 -290 1,164 398
24 Latin American Caribbean
regional 76 41 16 -47
MEMO
25 Foreign countries -53,571 19,200 50,018 -12,838
26 Official institutions -6,302 3,474 -8,000 -1,451
27 Other foreign -47,269 15,726 58,018 -11,387
Oil-exporting countries
28 Middle East (4) 3,483 865 -356 1,382
29 Africa (5) 0 -2 -27 -25
2002
Area or country May June July
1 Total estimated -539 10,896 21,023
2 Foreign countries -39 10,773 21,117
3 Europe -6,274 -371 4,533
4 Belgium (2) 8 292 274
5 Germany 649 -587 -2,930
6 Luxembourg (2) -166 85 -84
7 Netherlands -9,328 -2,487 147
8 Sweden 55 192 -169
9 Switzerland 341 359 246
10 United Kingdom 2,312 1,820 10,278
11 Channel Islands and
Isle of Man (3) 84 793 177
12 Other Europe and
former U.S.S.R. -229 -838 -3,406
13 Canada 454 -1,634 -2,011
14 Latin America and
Caribbean 7,939 6,382 4,602
15 Venezuela 6 160 -58
16 Other Latin America and
Caribbean 1,933 3,298 3,736
17 Netherlands Antilles 6,000 2,924 924
18 Asia -2,826 5,838 12,931
19 Japan 195 2,454 7,651
20 Africa -38 299 112
21 Other 706 259 950
22 Nonmonetary international
and regional
organizations -500 123 -94
23 International -240 -21 -64
24 Latin American Caribbean
regional -14 28 11
MEMO
25 Foreign countries -39 10,773 21,117
26 Official institutions -69 2,161 -5,268
27 Other foreign 30 8,612 26,385
Oil-exporting countries
28 Middle East (4) -753 -249 -1,338
29 Africa (5) 0 0 0
2002
Area or country Aug. Sept. Oct. (p)
1 Total estimated 1,120 26,257 3,032
2 Foreign countries 705 26,245 2,374
3 Europe -1,811 8,007 -5,416
4 Belgium (2) 1,333 -114 -261
5 Germany -2,041 -666 -734
6 Luxembourg (2) -14 -252 90
7 Netherlands -1,439 1,217 -2,527
8 Sweden 471 234 -193
9 Switzerland -705 1,150 -1,727
10 United Kingdom 378 9,078 -1,079
11 Channel Islands and
Isle of Man (3) 444 -43 -116
12 Other Europe and
former U.S.S.R. -238 -2,597 1,131
13 Canada -1,671 875 -1,324
14 Latin America and
Caribbean -11,831 7,757 6,978
15 Venezuela -15 -79 5
16 Other Latin America and
Caribbean -7,434 5,520 4,244
17 Netherlands Antilles -4,382 2,316 2,729
18 Asia 15,668 9,664 1,620
19 Japan 6,573 12,750 169
20 Africa 495 -93 12
21 Other -145 35 504
22 Nonmonetary international
and regional
organizations 415 12 658
23 International 418 -45 329
24 Latin American Caribbean
regional -4 29 4
MEMO
25 Foreign countries 705 26,245 2,374
26 Official institutions 635 -3,511 -553
27 Other foreign 70 29,756 2,927
Oil-exporting countries
28 Middle East (4) -1,010 -362 1,003
29 Africa (5) -2 -1 0
(1.) Official and private transactions in marketable
U.S. Treasury securities having an original maturity
of more than one year. Data are based on monthly
transactions reports. Excludes nonmarketable U.S.
Treasury bonds and notes held by official institutions
of foreign countries.
(2.) Before January 2001, combined data reported
for Belgium and Luxembourg.
(3.) Before January 2001, these data were included in
the data reported for the United Kingdom.
(4.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman,
Qatar, Saudi Arabia, and United Arab
Emirates (Trucial States).
(5.) Comprises Algeria, Gabon, Libya, and Nigeria.
Interest and Exchange Rates
3.28 FOREIGN EXCHANGE RATES AND INDEXES OF THE
FOREIGN EXCHANGE VALUE OF THE U.S. DOLLAR (1)
Currency units per U.S. dollar except as noted
Item 2000 2001 2002
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar (2) 58.15 51.69 54.37
2 Brazil/real 1.8301 2.3527 2.9213
3 Canada/dollar 1.4855 1.5487 1.5704
4 China, P.R./yuan 8.2784 8.2770 8.2770
5 Denmark/krone 8.0953 8.3323 7.8862
6 European Monetary
Union/euro (3) 0.9232 0.8952 0.9454
7 Greece/drachma 365.92 n.a. n.a.
8 Hong Kong/dollar 7.7924 7.7997 7.7997
9 India/rupee 45.00 47.22 48.63
10 Japan/yen 107.80 121.57 125.22
11 Malaysia/ringgit 3.8000 3.8000 3.8000
12 Mexico/peso 9.459 9.337 9.663
13 New Zealand/dollar (2) 45.68 42.02 46.45
14 Norway/krone 8.8131 8.9964 7.9839
15 Singapore/dollar 1.7250 1.7930 1.7908
16 South Africa/rand 6.9468 8.6093 10.5176
17 South Korea/won 1,130.90 1,292.01 1,250.31
18 Sri Lanka/rupee 76.964 89.602 95.773
19 Sweden/krona 9.1735 10.3425 9.7233
20 Switzerland/franc 1.6904 1.6891 1.5567
21 Taiwan/dollar 31.260 33.824 34.536
21 Thailand/baht 40.210 44.532 43.019
23 United Kingdom/pound (2) 151.56 143.96 150.25
24 Venezuela/bolivar 680.52 724.10 1,161.19
Indexes (4)
NOMINAL
25 Broad (January
1997=100) (5) 119.67 126.09 127.26
26 Major currencies (March
1973=100) (6) 98.32 104.32 103.09
27 Other important trading
partners (January
1997=100) (7) 130.33 136.34 141.20
REAL
28 Broad (March 1973=100) (5) 104.32 110.42 110.92
29 Major (March 1973=100) (6) 103.17 110.73 109.68
30 Other important currecies
trading partners
(March 1973=100) (7) 114.53 119.21 121.87
2002
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 O.9781 0.9806
7 Greece/drachma n.a. n.a. n.a.
8 Hong Kong/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 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) (5) 124.20 125.64 126.67
26 Major currencies (March
1973=100) (6) 98.97 100.35 100.68
27 Other important trading
partners (January
1997=100) (7) 140.47 141.69 143.71
REAL
28 Broad (March 1973=100) (5) 108.39 109.74 110.52 (r)
29 Major (March 1973=100) (6) 105.27 106.80 107.20
30 Other important currecies
trading partners
(March 1973=100) (7) 121.60 122.79 124.18 (r)
2002
Item Oct. Nov. Dec.
Exchange rates
COUNTRY/CURRENCY UNIT
1 Australia/dollar (2) 55.02 56.13 56.24
2 Brazil/real 3.7966 3.5924 3.6268
3 Canada/dollar 1.5780 1.5715 1.5592
4 China, P.R./yuan 8.2772 8.2772 8.2777
5 Denmark/krone 7.5732 7.4201 7.2874
6 European Monetary
Union/euro (3) 0.9812 1.0013 1.0194
7 Greece/drachma n.a. n.a. n.a.
8 Hong Kong/dollar 7.7995 7.7994 7.7988
9 India/rupee 48.39 48.29 48.15
10 Japan/yen 123.91 121.61 121.89
11 Malaysia/ringgit 3.8000 3.8000 3.8000
12 Mexico/peso 10.094 10.195 10.225
13 New Zealand/dollar (2) 48.18 49.73 51.08
14 Norway/krone 7.4873 7.3157 7.1557
15 Singapore/dollar 1.7843 1.7653 1.7532
16 South Africa/rand 10.3058 9.6509 8.9479
17 South Korea/won 1,240.19 1,210.20 1,206.61
18 Sri Lanka/rupee 96.402 96.426 96.705
19 Sweden/krona 9.2846 9.0652 8.9303
20 Switzerland/franc 1.4932 1.4658 1.4388
21 Taiwan/dollar 34.947 34.673 34.799
21 Thailand/baht 43.641 43.353 43.318
23 United Kingdom/pound (2) 155.75 157.11 158.63
24 Venezuela/bolivar 1,440.50 1,358.61 1,328.29
Indexes (4)
NOMINAL
25 Broad (January
1997=100) (5) 127.69 126.38 125.78
26 Major currencies (March
1973=100) (6) 101.24 99.83 98.96
27 Other important trading
partners (January
1997=100) (7) 145.28 144.43 144.45
REAL
28 Broad (March 1973=100) (5) 111.27 (r) 109.80 (r) 109.22
29 Major (March 1973=100) (6) 107.80 (r) 106.26 (r) 105.50
30 Other important currecies
trading partners
(March 1973=100) (7) 125.20 (r) 123.71 (r) 123.34
(1.) Averages of certified noon buying rates in
New York for cable transfers. Data in this
table also appear in the Board's G.5 (405)
monthly statistical release. For ordering
address, see inside front cover.
(2.) U.S. cents per currency unit.
(3.) The euro is reported in place of the individual
euro area currencies. By convention, the rate
is reported in U.S. dollars per euro. The bilateral
currency rates can be derived from the euro rate
by using the fixed conversion rates (in currencies
per euro) as shown below:
Euro equals
13.7603 Austrian schillings
40.3399 Belgian francs
5.94573 Finnish markkas
6.55957 French francs
1.95583 German marks
.787564 Irish pounds
1,936.27 Italian lire
40.3399 Luxembourg francs
2.20371 Netherlands guilders
200.482 Portuguese escudos
166.386 Spanish pesetas
340.750 Greek drachmas
(4.) Starting with the February 2002 Bulletin, revised
index values resulting from the periodic revision
of data that underlie the calculated trade weights are
reported. For more information on the indexes of the
foreign exchange value of the dollar, see Federal Reserve
Bulletin, vol. 84 (October 1998), pp. 811-818.
(5.) Weighted average of the foreign exchange value of
the U.S. dollar against the currencies of a broad group
of U.S. trading partners. The weight for each currency
is computed as an average of U.S. bilateral import shares
from and export shares to the issuing country and of a
measure of the importance to U.S. exporters of that country's
trade in third country markets.
(6.) Weighted average of the foreign exchange value of
the U.S. dollar against a subset of broad index currencies
that circulate widely outside the country of issue. The
weight for each currency is its broad index weight scaled
so that the weights of the subset of currencies in the
index sum to one.
(7.) Weighted average of the foreign exchange value of the
U.S. dollar against a subset of broad index currencies that
do not circulate widely outside the country of issue. The
weight for each currency is its broad index weight scaled so
that the weights of the subset of currencies in the index
sum to one.
Guide to Special Tables and Statistical Releases
SPECIAL TABLES--Data Published Irregularly, with Latest Bulletin
Reference
Title and Date Issue Page
Assets and liabilities of commercial banks
December 31, 2001 May 2002 A64
March 31, 2002 August 2002 A58
June 30, 2002 November 2002 A58
September 30, 2002 February 2003 A58
Terms of lending at commercial banks
February 2002 May 2002 A66
May 2002 August 2002 A60
August 2002 November 2002 A60
November 2002 February 2003 A60
Assets and liabilities of U.S. branches and
agencies of foreign banks
December 31, 2001 May 2002 A72
March 31, 2002 August 2002 A66
June 30, 2002 November 2002 A66
September 30, 2002 February 2003 A66
Pro forma financial statements for Federal
Reserve priced services *
March 31, 2002 August 2001 A76
June 30, 2002 October 2001 A64
September 30, 2001 January 2002 A64
Residential lending reported under the Home
Mortgage Disclosure Act
2000 September 2001 A64
2001 September 2002 A58
Disposition of applications for private
mortgage insurance
2000 September 2001 A73
2001 September 2002 A69
Small loans to businesses and farms
2000 September 2001 A76
2001 September 2002 A70
Community development lending reported under
the Community Reinvestment Act
2000 September 2001 A79
2001 September 2002 A58
STATISTICAL RELEASES--A List of Statistical Releases Published by the
Federal Reserve is Printed Semiannually in the Bulletin
Issue Page
Schedule of anticipated release dates for
periodic releases December 2002 A66
4.20 DOMESTIC AND FOREIGN OFFICES Insured Commercial Bank Assets and
Liabilities Consolidated Report of Condition, September 30, 2002
Millions of dollars except as noted
Domestic
Item Total total
1 Total assets 6,810,530 6,072,158
2 Cash and balances due from depository
institutions 374,661 280,855
3 Cash items in process of collection,
unposted debits, and currency and
coin n.a. n.a.
4 Cash items in process of collection
and unposted debits n.a. n.a.
5 Currency and coin n.a. n.a.
6 Balances due from depository
institutions in the United States n.a. n.a.
7 Balances due from banks in foreign
countries and foreign central banks n.a. n.a.
8 Balances due from Federal Reserve Banks n.a. n.a.
9 Total securities, held-to-maturity
(amortized cost) and available-for-
sale (fair value) 1,266,744 n.a.
10 U.S. Treasury securities 54,047 n.a.
11 U.S. government agency and corporation
obligations (excludes mortgage-
backed securities) 207,304 n.a.
12 Issued by U.S. government agencies 6,748 n.a.
13 Issued by U.S. government-sponsored
agencies 200,556 n.a.
14 Securities issued by states and
political subdivisions in the United
States 100,916 n.a.
15 Mortgage-backed securities (MBS) 684,548 n.a.
16 Pass-through securities 451,630 n.a.
17 Guaranteed by GNMA 91,000 n.a.
18 Issued by FNMA and FHLMC 350,736 n.a.
19 Other pass-through securities 9,894 n.a.
20 Other mortgage-backed securities
(includes CMOs, REMICs, and
stripped MBS) 232,918 n.a.
21 Issued or guaranteed by FNMA, FHLMC
or GNMA 155,335 n.a.
22 Collateralized by MBS issued or
guaranteed by FNMA, FHLMC, or GNMA 11,593 n.a.
23 All other mortgage-backed securities 65,991 n.a.
24 Asset-backed securities 102,262 n.a.
25 Credit card receivables 37,252 n.a.
26 Home equity lines 34,446 n.a.
27 Automobile loans 12,617 n.a.
28 Other consumer loans 1,391 n.a.
29 Commercial and industrial loans 7,241 n.a.
30 Other 9,315 n.a.
31 Other debt securities 99,406 n.a.
32 Other domestic debt securities 37,539 n.a.
33 Foreign debt securities 61,867 n.a.
34 Investments in mutual funds and other
equity securities with readily
determinable fair value 18,260 n.a.
35 Federal funds sold and securities
purchased under agreements to resell 325,922 275,502
36. Federal funds sold in domestic offices 162,661 162,661
37 Securities purchased under agreements to
resell 163,261 112,841
38 Total loans and leases (gross) and lease-
financing receivables (net) 3,987,533 3,705,740
39 LESS: Unearned income on loans 3,600 2,550
40 LESS: Loans and leases held for sale 193,392 n.a.
41 Total loans and leases (net of unearned
income) 3,790,541 n.a.
42 LESS: Allowance for loan and lease
losses 73,071 n.a.
43 Loans and leases, net of unearned income
and allowance 3,717,470 n.a.
Total loans and leases, gross, by category
44 Loans secured by real estate 1,952,455 1,922,214
45 Construction and land development n.a. 203,592
46 Farmland n.a. 37,753
47 One- to four-family residential
properties n.a. 1,074,697
48 Revolving, open-end loans, extended
under lines of credit n.a. 201,204
Closed-end loans secured by one- to four-
family residential properties
49 Secured by first liens n.a. 773,318
50 Secured by junior liens n.a. 100,175
51 Multifamily (five or more) residential
properties n.a. 68,647
52 Nonfarm nonresidential properties n.a. 537,525
53 Loans to depository institutions and
acceptances of other banks 133,422 110,572
54 Commercial banks in the United States n.a. n.a.
55 Other depository institutions in the
United States n.a. n.a.
56 Banks in foreign countries n.a. n.a.
57 Loans to finance agricultural production
and other loans to farmers 47,370 46,728
58 Commercial and industrial loans 913,266 780,913
59 U.S. addressees (domicile) n.a. n.a.
60 Non-U.S. addressees (domicile) n.a. n.a.
61 Loans to individuals for household,
family, and other personal
expenditures (includes purchased
paper) 635,589 575,732
62 Credit cards 219,809 200,624
63 Other revolving credit plans 38,169 25,573
64 Other consumer loans (including single-
payment, installment, and all student
loans) 377,611 349,535
65 Obligations (other than securities) of
states and political subdivisions in the
United States (includes nonrated
industrial development obligations) 22,483 22,481
66 All other loans 121,331 93,073
67 Loans to foreign governments and
official institutions 6,157 2,421
68 Other loans 115,174 90,652
69 Loans for purchasing and carrying
securities n.a. n.a.
70 All other loans (excludes consumer
loans) n.a. n.a.
71 Lease-financing receivables 161,617 154,027
72 Trading assets 384,755 n.a.
73 Premises and fixed assets (including
capitalized leases) 77,382 n.a.
74 Other real estate owned 4,144 n.a.
75 Investments in unconsolidated
subsidiaries and associated companies 8,043 n.a.
76 Customers' liability on acceptances
outstanding 5,789 n.a.
77 Net due from own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a. n.a.
78 Intangible assets 118,793 n.a.
79 Goodwill 80,655 n.a.
80 Other intangible assets 38,138 n.a.
81 All other assets 333,436 n.a.
82 Total liabilities, minority interest, and
equity capital 6,810,530 n.a.
83 Total liabilities 6,176,346 5,437,974
84 Total deposits 4,502,548 3,889,824
85 Individuals, partnerships, and
corporations (include all certified
and official checks) 4,076,507 3,624,298
86 U.S. government n.a. 19,989
87 States and political subdivisions in the
United States n.a. 187,814
88 Commercial banks and other depository
institutions in the United States 102,782 49,653
89 Banks in foreign countries 88,184 7,128
90 Foreign governments and official
institutions (including foreign
central banks) 26,688 942
91 Total transaction accounts n.a. 666,490
92 Individuals, partnerships, and
corporations (include all certified
and official checks) n.a. 571,237
93 U.S. government n.a. 1,575
94 States and political subdivisions in
the United States n.a. 54,472
95 Commercial banks and other depository
institutions in the United States n.a. 32,925
96 Banks in foreign countries n.a. 5,664
97 Foreign governments and official
institutions (including foreign
central banks) n.a. 616
98 Total demand deposits n.a. 505,278
99 Total nontransaction accounts n.a. 3,223,333
100 Individuals, partnerships, and
corporations (include all certified
and official checks) n.a. 3,053,061
101 U.S. government n.a. 18,414
102 States and political subdivisions in
the United States n.a. 133,342
103 Commercial banks and other depository
institutions in the United States n.a. 16,728
104 Banks in foreign countries n.a. 1,464
105 Foreign governments and official
institutions (including foreign
central banks) n.a. 326
106 Federal funds purchased and securities
sold under agreements to repurchase 527,747 482,381
107 Federal funds purchased in domestic
offices 206,502 206,502
108 Securities sold under agreements to
repurchase 321,245 275,879
109 Trading liabilities 251,321 n.a.
110 Other borrowed money (includes mortgage
indebtedness and obligations under
capitalized leases) 567,658 532,820
111 Banks' liability on acceptances executed
and outstanding 5,828 3,810
112 Subordinated notes and debentures to
deposits 92,116 n.a.
113 Net due to own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a. n.a.
114 All other liabilities 229,126 n.a.
115 Minority interest in consolidated
subsidiaries 11,040 n.a.
116 Total equity capital 623,144 n.a.
MEMO
117 Trading assets at large banks (2) 384,729 202,587
118 U.S. Treasury securities (domestic
offices) n.a. 23,711
119 U.S. government agency obligations
(excluding MBS) n.a. 9,540
120 Securities issued by states and
political subdivisions in the United
States n.a. 2,174
121 Mortgage-backed securities n.a. 10,454
122 Other debt securities n.a. 28,417
123 Other trading assets n.a. 20,416
124 Trading assets in foreign offices 101,739 0
125 Revaluation gains on interest rate,
foreign exchange rate, and other
commodity and equity contracts 188,277 107,874
126 Total individual retirement (IRA) and
Keogh plan accounts n.a. 167,082
127 Total brokered deposits n.a. 238,195
128 Fully insured brokered deposits n.a. 164,955
129 Issued in denominations of less than
$100,000 n.a. 89,225
130 Issued in denominations of $100,000,
or in denominations greater than
$100,000 and participated out by the
broker in shares of $100,000 or less n.a. 75,730
131 Money market deposit accounts (MMDAs) n.a. 1,379,292
132 Other savings deposits (excluding MMDAs) n.a. 564,292
133 Total time deposits of less than $100,000 n.a. 711,194
134 Total time deposits of $100,000 or more n.a. 568,556
135 Number of banks 7,908 7,908
Banks with foreign
offices (1)
Item Total Domestic
1 Total assets 4,550,988 3,812,616
2 Cash and balances due from depository
institutions 271,346 177,540
3 Cash items in process of collection,
unposted debits, and currency and
coin 129,703 126,665
4 Cash items in process of collection
and unposted debits n.a. 105,681
5 Currency and coin n.a. 20,985
6 Balances due from depository
institutions in the United States 28,288 23,552
7 Balances due from banks in foreign
countries and foreign central banks 99,567 13,600
8 Balances due from Federal Reserve Banks 13,788 13,723
9 Total securities, held-to-maturity
(amortized cost) and available-for-
sale (fair value) 732,172 n.a.
10 U.S. Treasury securities 31,897 n.a.
11 U.S. government agency and corporation
obligations (excludes mortgage-
backed securities) 78,192 n.a.
12 Issued by U.S. government agencies 3,818 n.a.
13 Issued by U.S. government-sponsored
agencies 74,374 n.a.
14 Securities issued by states and
political subdivisions in the United
States 34,978 n.a.
15 Mortgage-backed securities (MBS) 454,757 n.a.
16 Pass-through securities 324,131 n.a.
17 Guaranteed by GNMA 60,805 n.a.
18 Issued by FNMA and FHLMC 254,573 n.a.
19 Other pass-through securities 8,753 n.a.
20 Other mortgage-backed securities
(includes CMOs, REMICs, and
stripped MBS) 130,626 n.a.
21 Issued or guaranteed by FNMA, FHLMC
or GNMA 84,237 n.a.
22 Collateralized by MBS issued or
guaranteed by FNMA, FHLMC, or GNMA 10,268 n.a.
23 All other mortgage-backed securities 36,120 n.a.
24 Asset-backed securities 50,167 n.a.
25 Credit card receivables 15,650 n.a.
26 Home equity lines 21,534 n.a.
27 Automobile loans 4,229 n.a.
28 Other consumer loans 929 n.a.
29 Commercial and industrial loans 3,785 n.a.
30 Other 4,040 n.a.
31 Other debt securities 71,704 n.a.
32 Other domestic debt securities 14,104 n.a.
33 Foreign debt securities 57,600 n.a.
34 Investments in mutual funds and other
equity securities with readily
determinable fair value 10,477 n.a.
35 Federal funds sold and securities
purchased under agreements to resell 227,941 177,522
36. Federal funds sold in domestic offices 81,314 81,314
37 Securities purchased under agreements to
resell 146,627 96,208
38 Total loans and leases (gross) and lease-
financing receivables (net) 2,568,770 2,286,977
39 LESS: Unearned income on loans 2,500 1,450
40 LESS: Loans and leases held for sale 152,948 n.a.
41 Total loans and leases (net of unearned
income) 2,413,322 n.a.
42 LESS: Allowance for loan and lease
losses 49,965 n.a.
43 Loans and leases, net of unearned income
and allowance 2,363,357 n.a.
Total loans and leases, gross, by category
44 Loans secured by real estate 1,094,145 1,063,904
45 Construction and land development n.a. 101,769
46 Farmland n.a. 7,020
47 One- to four-family residential
properties n.a. 679,020
48 Revolving, open-end loans, extended
under lines of credit n.a. 140,524
Closed-end loans secured by one- to four-
family residential properties
49 Secured by first liens n.a. 478,814
50 Secured by junior liens n.a. 59,682
51 Multifamily (five or more) residential
properties n.a. 35,236
52 Nonfarm nonresidential properties n.a. 240,859
53 Loans to depository institutions and
acceptances of other banks 125,067 102,217
54 Commercial banks in the United States 93,469 83,779
55 Other depository institutions in the
United States 10,861 10,852
56 Banks in foreign countries 20,737 7,586
57 Loans to finance agricultural production
and other loans to farmers 10,191 9,549
58 Commercial and industrial loans 674,751 542,398
59 U.S. addressees (domicile) 547,499 533,193
60 Non-U.S. addressees (domicile) 127,252 9,205
61 Loans to individuals for household,
family, and other personal
expenditures (includes purchased
paper) 390,359 330,501
62 Credit cards 140,588 121,404
63 Other revolving credit plans 32,003 19,406
64 Other consumer loans (including single-
payment, installment, and all student
loans) 217,768 189,691
65 Obligations (other than securities) of
states and political subdivisions in the
United States (includes nonrated
industrial development obligations) 13,966 13,964
66 All other loans 110,774 82,517
67 Loans to foreign governments and
official institutions 6,145 2,408
68 Other loans 104,630 80,109
69 Loans for purchasing and carrying
securities n.a. 14,233
70 All other loans (excludes consumer
loans) n.a. 65,876
71 Lease-financing receivables 149,517 141,927
72 Trading assets 380,790 n.a.
73 Premises and fixed assets (including
capitalized leases) 45,451 n.a.
74 Other real estate owned 1,774 n.a.
75 Investments in unconsolidated
subsidiaries and associated companies 7,573 n.a.
76 Customers' liability on acceptances
outstanding 5,538 n.a.
77 Net due from own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a. 32,412
78 Intangible assets 98,297 n.a.
79 Goodwill 66,089 n.a.
80 Other intangible assets 32,208 n.a.
81 All other assets 263,799 n.a.
82 Total liabilities, minority interest, and
equity capital 4,550,988 n.a.
83 Total liabilities 4,137,768 3,399,396
84 Total deposits 2,847,409 2,234,685
85 Individuals, partnerships, and
corporations (include all certified
and official checks) 2,544,166 2,091,957
86 U.S. government n.a. 19,038
87 States and political subdivisions in the
United States n.a. 85,607
88 Commercial banks and other depository
institutions in the United States 83,557 30,428
89 Banks in foreign countries 87,833 6,776
90 Foreign governments and official
institutions (including foreign
central banks) 26,624 878
91 Total transaction accounts n.a. 358,917
92 Individuals, partnerships, and
corporations (include all certified
and official checks) n.a. 301,345
93 U.S. government n.a. 1,074
94 States and political subdivisions in
the United States n.a. 25,515
95 Commercial banks and other depository
institutions in the United States n.a. 24,859
96 Banks in foreign countries n.a. 5,522
97 Foreign governments and official
institutions (including foreign
central banks) n.a. 602
98 Total demand deposits n.a. 312,616
99 Total nontransaction accounts n.a. 1,875,767
100 Individuals, partnerships, and
corporations (include all certified
and official checks) n.a. 1,790,613
101 U.S. government n.a. 17,964
102 States and political subdivisions in
the United States n.a. 60,092
103 Commercial banks and other depository
institutions in the United States n.a. 5,569
104 Banks in foreign countries n.a. 1,254
105 Foreign governments and official
institutions (including foreign
central banks) n.a. 276
106 Federal funds purchased and securities
sold under agreements to repurchase 407,178 361,812
107 Federal funds purchased in domestic
offices 145,959 145,959
108 Securities sold under agreements to
repurchase 261,219 215,853
109 Trading liabilities 250,593 n.a.
110 Other borrowed money (includes mortgage
indebtedness and obligations under
capitalized leases) 355,671 320,833
111 Banks' liability on acceptances executed
and outstanding 5,577 3,558
112 Subordinated notes and debentures to
deposits 83,104 n.a.
113 Net due to own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a. 105,174
114 All other liabilities 188,236 n.a.
115 Minority interest in consolidated
subsidiaries 9,728 n.a.
116 Total equity capital 403,492 n.a.
MEMO
117 Trading assets at large banks (2) 380,779 198,637
118 U.S. Treasury securities (domestic
offices) n.a. 23,667
119 U.S. government agency obligations
(excluding MBS) n.a. 8,789
120 Securities issued by states and
political subdivisions in the United
States n.a. 1,937
121 Mortgage-backed securities n.a. 8,460
122 Other debt securities n.a. 28,113
123 Other trading assets n.a. 20,266
124 Trading assets in foreign offices 101,739 0
125 Revaluation gains on interest rate,
foreign exchange rate, and other
commodity and equity contracts 187,808 107,404
126 Total individual retirement (IRA) and
Keogh plan accounts n.a. 77,279
127 Total brokered deposits n.a. 107,609
128 Fully insured brokered deposits n.a. 66,407
129 Issued in denominations of less than
$100,000 n.a. 30,694
130 Issued in denominations of $100,000,
or in denominations greater than
$100,000 and participated out by the
broker in shares of $100,000 or less n.a. 35,713
131 Money market deposit accounts (MMDAs) n.a. 910,110
132 Other savings deposits (excluding MMDAs) n.a. 340,706
133 Total time deposits of less than $100,000 n.a. 307,812
134 Total time deposits of $100,000 or more n.a. 317,140
135 Number of banks 130 n.a.
Banks with
domestic
offices only (2)
Item Total
1 Total assets 2,259,542
2 Cash and balances due from depository
institutions 103,315
3 Cash items in process of collection,
unposted debits, and currency and
coin n.a.
4 Cash items in process of collection
and unposted debits n.a.
5 Currency and coin n.a.
6 Balances due from depository
institutions in the United States n.a.
7 Balances due from banks in foreign
countries and foreign central banks n.a.
8 Balances due from Federal Reserve Banks n.a.
9 Total securities, held-to-maturity
(amortized cost) and available-for-
sale (fair value) 534,571
10 U.S. Treasury securities 22,150
11 U.S. government agency and corporation
obligations (excludes mortgage-
backed securities) 129,113
12 Issued by U.S. government agencies 2,930
13 Issued by U.S. government-sponsored
agencies 126,182
14 Securities issued by states and
political subdivisions in the United
States 65,938
15 Mortgage-backed securities (MBS) 229,791
16 Pass-through securities 127,499
17 Guaranteed by GNMA 30,195
18 Issued by FNMA and FHLMC 96,163
19 Other pass-through securities 1,140
20 Other mortgage-backed securities
(includes CMOs, REMICs, and
stripped MBS) 102,292
21 Issued or guaranteed by FNMA, FHLMC
or GNMA 71,097
22 Collateralized by MBS issued or
guaranteed by FNMA, FHLMC, or GNMA 1,324
23 All other mortgage-backed securities 29,871
24 Asset-backed securities 52,095
25 Credit card receivables 21,602
26 Home equity lines 12,912
27 Automobile loans 8,388
28 Other consumer loans 462
29 Commercial and industrial loans 3,456
30 Other 5,275
31 Other debt securities 27,702
32 Other domestic debt securities 23,436
33 Foreign debt securities 4,267
34 Investments in mutual funds and other
equity securities with readily
determinable fair value 7,783
35 Federal funds sold and securities
purchased under agreements to resell 97,980
36. Federal funds sold in domestic offices 81,347
37 Securities purchased under agreements to
resell 16,633
38 Total loans and leases (gross) and lease-
financing receivables (net) 1,418,763
39 LESS: Unearned income on loans 1,100
40 LESS: Loans and leases held for sale 40,444
41 Total loans and leases (net of unearned
income) 1,377,219
42 LESS: Allowance for loan and lease
losses 23,106
43 Loans and leases, net of unearned income
and allowance 1,354,113
Total loans and leases, gross, by category
44 Loans secured by real estate 858,310
45 Construction and land development 101,823
46 Farmland 30,733
47 One- to four-family residential
properties 395,677
48 Revolving, open-end loans, extended
under lines of credit 60,680
Closed-end loans secured by one- to four-
family residential properties
49 Secured by first liens 294,504
50 Secured by junior liens 40,493
51 Multifamily (five or more) residential
properties 33,411
52 Nonfarm nonresidential properties 296,666
53 Loans to depository institutions and
acceptances of other banks 8,355
54 Commercial banks in the United States n.a.
55 Other depository institutions in the
United States n.a.
56 Banks in foreign countries n.a.
57 Loans to finance agricultural production
and other loans to farmers 37,179
58 Commercial and industrial loans 238,515
59 U.S. addressees (domicile) n.a.
60 Non-U.S. addressees (domicile) n.a.
61 Loans to individuals for household,
family, and other personal
expenditures (includes purchased
paper) 245,231
62 Credit cards 79,221
63 Other revolving credit plans 6,166
64 Other consumer loans (including single-
payment, installment, and all student
loans) 159,844
65 Obligations (other than securities) of
states and political subdivisions in the
United States (includes nonrated
industrial development obligations) 8,517
66 All other loans 10,556
67 Loans to foreign governments and
official institutions 13
68 Other loans 10,544
69 Loans for purchasing and carrying
securities n.a.
70 All other loans (excludes consumer
loans) n.a.
71 Lease-financing receivables 12,100
72 Trading assets 3,965
73 Premises and fixed assets (including
capitalized leases) 31,930
74 Other real estate owned 2,370
75 Investments in unconsolidated
subsidiaries and associated companies 469
76 Customers' liability on acceptances
outstanding 251
77 Net due from own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a.
78 Intangible assets 20,496
79 Goodwill 14,566
80 Other intangible assets 5,930
81 All other assets 69,636
82 Total liabilities, minority interest, and
equity capital 2,259,542
83 Total liabilities 2,038,578
84 Total deposits 1,655,139
85 Individuals, partnerships, and
corporations (include all certified
and official checks) 1,532,341
86 U.S. government 951
87 States and political subdivisions in the
United States 102,207
88 Commercial banks and other depository
institutions in the United States 19,225
89 Banks in foreign countries 351
90 Foreign governments and official
institutions (including foreign
central banks) 64
91 Total transaction accounts 307,573
92 Individuals, partnerships, and
corporations (include all certified
and official checks) 269,893
93 U.S. government 501
94 States and political subdivisions in
the United States 28,957
95 Commercial banks and other depository
institutions in the United States 8,066
96 Banks in foreign countries 142
97 Foreign governments and official
institutions (including foreign
central banks) 14
98 Total demand deposits 192,662
99 Total nontransaction accounts 1,347,566
100 Individuals, partnerships, and
corporations (include all certified
and official checks) 1,262,448
101 U.S. government 450
102 States and political subdivisions in
the United States 73,250
103 Commercial banks and other depository
institutions in the United States 11,159
104 Banks in foreign countries 209
105 Foreign governments and official
institutions (including foreign
central banks) 50
106 Federal funds purchased and securities
sold under agreements to repurchase 120,569
107 Federal funds purchased in domestic
offices 60,543
108 Securities sold under agreements to
repurchase 60,026
109 Trading liabilities 728
110 Other borrowed money (includes mortgage
indebtedness and obligations under
capitalized leases) 211,987
111 Banks' liability on acceptances executed
and outstanding 251
112 Subordinated notes and debentures to
deposits 9,013
113 Net due to own foreign offices, Edge Act
and agreement subsidiaries, and IBFs n.a.
114 All other liabilities 40,891
115 Minority interest in consolidated
subsidiaries 1,312
116 Total equity capital 219,653
MEMO
117 Trading assets at large banks (2) 3,950
118 U.S. Treasury securities (domestic
offices) 44
119 U.S. government agency obligations
(excluding MBS) 752
120 Securities issued by states and
political subdivisions in the United
States 237
121 Mortgage-backed securities 1,994
122 Other debt securities 304
123 Other trading assets 150
124 Trading assets in foreign offices 0
125 Revaluation gains on interest rate,
foreign exchange rate, and other
commodity and equity contracts 469
126 Total individual retirement (IRA) and
Keogh plan accounts 89,802
127 Total brokered deposits 130,586
128 Fully insured brokered deposits 98,547
129 Issued in denominations of less than
$100,000 58,531
130 Issued in denominations of $100,000,
or in denominations greater than
$100,000 and participated out by the
broker in shares of $100,000 or less 40,017
131 Money market deposit accounts (MMDAs) 469,182
132 Other savings deposits (excluding MMDAs) 223,586
133 Total time deposits of less than $100,000 403,382
134 Total time deposits of $100,000 or more 251,417
135 Number of banks 7,778
NOTE. The notation "n.a." indicates the lesser detail available from
banks that do not have foreign offices, the inapplicability of certain
items to banks that have only domestic offices, or the absence of
detail on a fully consolidated basis for banks that have foreign
offices.
(1.) All transactions between domestic and foreign offices of a bank
are reported in "net due from" and "net due to" lines. All other lines
represent transactions with parties other than the domestic and foreign
offices of each bank. Because these intra-office transactions are
nullified by consolidation, total assets and total liabilities for the
entire bank may not equal the sum of assets and liabilities,
respectively, of the domestic and foreign offices.
Foreign offices include branches in foreign countries, Puerto Rico,
and US.-affiliated insular areas; subsidiaries in foreign countries;
all offices of Edge Act and agreement corporations wherever located;
and international banking facility (IBF).
(2.) Components of "Trading Assets at Large Banks" are reported only
by banks that reported trading assets of $2 million or more any quarter
of the preceding calendar year.
4.23 TERMS OF LENDING AT COMMERCIAL BANKS Survey of Loans Made,
November 4-8, 2002
A. Commercial and industrial loans made by all commercial banks (1)
Weighted-
average Amount of Average
Item effective loans loan size
loan rate (millions (thousands
(percent) (2) of dollars) of dollars)
LOAN RISK (5)
1 All commercial and
industrial loans 3.61 70,200 518
2 Minimal risk 3.01 3,434 686
3 Low risk 2.73 8,697 821
4 Moderate risk 3.69 25,918 551
5 Other 3.92 24,142 568
By maturity/repricing
interval (6)
6 Zero interval 4.80 6,587 186
7 Minimal risk 4.24 228 244
8 Low risk 3.05 1,129 452
9 Moderate risk 4.62 2,435 144
10 Other 5.75 2,608 198
11 Daily 3.12 26,505 563
12 Minimal risk 2.52 1,783 1,608
13 Low risk 2.40 3,377 1,437
14 Moderate risk 3.14 6,139 527
15 Other 3.21 10,258 672
16 2 to 30 days 3.41 18,100 841
17 Minimal risk 3.19 878 455
18 Low risk 2.74 2,117 1,351
19 Moderate risk 3.52 7,859 1,494
20 Other 3.67 5,728 704
21 31 to 365 days 3.91 14,882 702
22 Minimal risk 3.85 523 532
23 Low risk 2.85 1,683 535
24 Moderate risk 3.80 6,981 848
25 Other 4.49 4,638 1,348
26 More than 365 days 4.72 3,881 449
27 Minimal risk 2.84 22 590
28 Low risk 4.06 390 379
28 Moderate risk 4.44 2,335 591
30 Other 5.40 848 416
Weighted-
average risk
rating (5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 5.65 2,436 3.3
32 100-999 4.80 8,233 3.4
33 1,000-9,999 3.52 19,494 3.2
34 10,000 or more 3.28 40,038 3.3
BASE RATE OF LOAN (4)
35 Prime (7) 5.17 15,713 3.4
36 Fed funds 2.24 11,292 3.5
37 Other domestic 2.60 6,269 2.7
38 Foreign 3.37 26,431 3.2
39 Other 3.96 10,494 3.2
Amount of loans
(percent)
Weighted-
Item average Secured by Callable
maturity (3) collateral
Days
LOAN RISK (5)
1 All commercial and
industrial loans 446 41.2 8.0
2 Minimal risk 227 31.0 11.3
3 Low risk 390 23.8 3.4
4 Moderate risk 638 48.6 11.5
5 Other 325 42.5 3.9
By maturity/repricing
interval (6)
6 Zero interval 580 58.7 14.6
7 Minimal risk 1305 60.0 21.1
8 Low risk 246 29.8 5.6
9 Moderate risk 785 61.9 23.1
10 Other 484 67.0 10.4
11 Daily 263 28.9 11.7
12 Minimal risk 168 17.7 16.2
13 Low risk 224 8.8 1.2
14 Moderate risk 531 33.1 26.6
15 Other 159 32.2 4.0
16 2 to 30 days 350 30.1 5.1
17 Minimal risk 122 32.5 .4
18 Low risk 438 21.6 4.3
19 Moderate risk 426 30.0 6.3
20 Other 250 34.9 2.4
21 31 to 365 days 583 57.6 1.9
22 Minimal risk 127 58.2 9.0
23 Low risk 511 37.3 6.0
24 Moderate risk 696 68.4 1.3
25 Other 517 51.7 .9
Months
26 More than 365 days 45 81.4 4.0
27 Minimal risk 33 96.8 *
28 Low risk 48 88.6 .7
28 Moderate risk 43 77.4 2.9
30 Other 44 89.8 3.3
Weighted-
average
maturity/
repricing
interval (6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 115 84.8 27.3
32 100-999 138 69.9 18.3
33 1,000-9,999 83 34.3 7.2
34 10,000 or more 100 35.9 5.2
BASE RATE OF LOAN (4)
35 Prime (7) 87 69.5 17.7
36 Fed funds 17 4.3 3.2
37 Other domestic 20 12.8 22.8
38 Foreign 138 38.8 1.8
39 Other 163 61.3 5.7
Amount of loans
(percent)
Most
Subject to Made under common
Item prepayment commitment base pricing
penalty rate (4)
LOAN RISK (5)
1 All commercial and
industrial loans 33.3 77.5 Foreign
2 Minimal risk 28.4 89.7 Other
3 Low risk 49.4 83.8 Foreign
4 Moderate risk 30.6 84.0 Foreign
5 Other 30.6 73.5 Foreign
By maturity/repricing
interval (6)
6 Zero interval 10.3 82.2 Prime
7 Minimal risk 25.2 71.3 Prime
8 Low risk 26.5 59.8 Fed funds
9 Moderate risk 9.0 90.5 Prime
10 Other 3.7 84.2 Prime
11 Daily 37.4 67.4 Fed funds
12 Minimal risk 40.8 85.4 Foreign
13 Low risk 77.8 83.4 Fed funds
14 Moderate risk 34.5 77.9 Domestic
15 Other 22.8 57.8 Fed funds
16 2 to 30 days 41.2 82.9 Foreign
17 Minimal risk 14.2 98.0 Other
18 Low risk 47.1 92.1 Foreign
19 Moderate risk 39.5 84.0 Foreign
20 Other 49.3 80.8 Foreign
21 31 to 365 days 28.7 84.8 Foreign
22 Minimal risk 12.9 98.1 Other
23 Low risk 21.2 88.9 Foreign
24 Moderate risk 29.8 86.2 Foreign
25 Other 33.4 90.2 Foreign
26 More than 365 days 26.3 84.9 Foreign
27 Minimal risk * 96.5 Other
28 Low risk 4.9 89.3 Foreign
28 Moderate risk 17.8 87.6 Foreign
30 Other 67.3 89.7 Foreign
SIZE OF LOAN
(thousands of dollars)
31 1-99 3.2 82.7 Prime
32 100-999 8.0 86.8 Prime
33 1,000-9,999 33.3 80.1 Foreign
34 10,000 or more 40.3 74.0 Foreign
Average size
(thousands
of dollars)
BASE RATE OF LOAN (4)
35 Prime (7) 2.1 89.5 186
36 Fed funds 41.7 61.9 5,260
37 Other domestic 62.3 41.9 2,560
38 Foreign 49.3 86.2 2,956
39 Other 13.1 75.6 280
B. Commercial and industrial loans made by all domestic banks (1)
Weighted-
average Amount of Average
Item effective loans loan size
loan rate (millions (thousands
(percent) (2) of dollars) of dollars)
LOAN RISK (5)
1 All commercial and
industrial loans 4.03 45,244 347
2 Minimal risk 3.62 2,234 459
3 Low risk 2.78 6,145 628
4 Moderate risk 3.90 21,397 467
5 Other 5.11 10,275 258
By maturity/repricing
interval (6)
6 Zero interval 4.66 5,880 169
7 Minimal risk 4.24 226 246
8 Low risk 2.99 1,069 440
9 Moderate risk 4.59 2,249 134
10 Other 5.58 2,148 168
11 Daily 3.74 14,200 311
12 Minimal risk 3.19 932 896
13 Low risk 2.57 2,348 1,073
14 Moderate risk 3.36 4,982 437
15 Other 4.93 3,118 214
16 2 to 30 days 3.67 11,093 561
17 Minimal risk 3.47 707 371
18 Low risk 2.72 1,272 1,056
19 Moderate risk 3.75 5,995 1,247
20 Other 4.46 2,029 276
21 31 to 365 days 4.22 10,043 505
22 Minimal risk 4.70 347 365
23 Low risk 2.67 1,069 363
24 Moderate risk 4.05 5,710 722
25 Other 5.46 2,121 771
26 More than 365 days 4.72 3,784 440
27 Minimal risk 2.84 22 590
28 Low risk 4.06 386 377
28 Moderate risk 4.45 2,293 583
30 Other 5.43 797 394
Weighted-
average risk
rating (5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 5.66 2,412 3.3
32 100-999 4.91 7,496 3.3
33 1,000-9,999 3.84 12,067 3.0
34 10,000 or more 3.68 23,269 3.0
BASE RATE OF LOAN (4)
35 Prime (7) 5.16 14,331 3.4
36 Fed funds 2.17 3,000 2.6
37 Other domestic 2.53 3,916 2.7
38 Foreign 3.64 15,584 3.1
39 Other 4.19 8,413 2.8
Amount of loans
(percent)
Weighted-
Item average Secured by Callable
maturity (3) collateral
Days
LOAN RISK (5)
1 All commercial and
industrial loans 623 54.5 12.2
2 Minimal risk 328 45.1 17.4
3 Low risk 424 25.8 4.7
4 Moderate risk 743 56.9 13.6
5 Other 603 68.8 9.2
By maturity/repricing
interval (6)
6 Zero interval 591 58.9 16.2
7 Minimal risk 1,317 59.6 21.3
8 Low risk 248 27.4 5.7
9 Moderate risk 755 65.5 24.8
10 Other 538 66.2 12.6
11 Daily 500 45.0 21.9
12 Minimal risk 333 33.8 31.0
13 Low risk 319 11.7 1.6
14 Moderate risk 650 40.8 32.7
15 Other 546 66.1 13.0
16 2 to 30 days 467 39.1 7.5
17 Minimal risk 97 40.3 .5
18 Low risk 459 32.7 6.6
19 Moderate risk 548 35.0 7.3
20 Other 356 60.3 6.7
21 31 to 365 days 685 71.4 2.9
22 Minimal risk 151 72.6 13.6
23 Low risk 397 24.0 9.5
24 Moderate risk 793 82.0 1.5
25 Other 675 74.9 2.0
Months
26 More than 365 days 45 81.1 4.1
27 Minimal risk 33 96.8 *
28 Low risk 48 89.5 .8
28 Moderate risk 43 77.0 3.0
30 Other 45 89.3 3.6
Weighted-
average
maturity/
repricing
interval (6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 115 85.2 27.4
32 100-999 146 75.1 19.9
33 1,000-9,999 106 49.1 10.9
34 10,000 or more 157 47.4 8.9
BASE RATE OF LOAN (4)
35 Prime (7) 88 72.3 18.6
36 Fed funds 19 13.2 12.1
37 Other domestic 27 18.7 36.5
38 Foreign 205 52.1 3.1
39 Other 202 59.9 7.0
Amount of loans
(percent)
Most
Subject to Made under common
Item prepayment commitment base pricing
penalty rate (4)
LOAN RISK (5)
1 All commercial and 18.8 84.9 Foreign
industrial loans
2 Minimal risk 2.7 84.8 Other
3 Low risk 45.2 84.4 Foreign
4 Moderate risk 20.4 83.7 Foreign
5 Other 12.0 88.1 Prime
By maturity/repricing
interval (6)
6 Zero interval 10.9 80.8 Prime
7 Minimal risk 25.5 71.0 Prime
8 Low risk 27.9 57.6 Fed funds
9 Moderate risk 9.5 90.0 Prime
10 Other 3.1 82.4 Prime
11 Daily 22.7 83.2 Prime
12 Minimal risk .2 72.1 Prime
13 Low risk 69.1 90.6 Domestic
14 Moderate risk 27.0 73.9 Domestic
15 Other 7.3 82.1 Prime
16 2 to 30 days 20.7 88.2 Foreign
17 Minimal risk * 99.5 Other
18 Low risk 56.8 94.6 Foreign
19 Moderate risk 22.6 83.4 Foreign
20 Other 10.3 97.6 Other
21 31 to 365 days 14.0 85.9 Foreign
22 Minimal risk .2 97.1 Other
23 Low risk 11.1 83.7 Other
24 Moderate risk 18.9 88.6 Foreign
25 Other 9.7 93.1 Foreign
26 More than 365 days 24.5 85.6 Foreign
27 Minimal risk * 96.5 Other
28 Low risk 4.0 89.2 Foreign
28 Moderate risk 16.3 89.1 Foreign
30 Other 65.5 89.0 Foreign
SIZE OF LOAN
(thousands of dollars)
31 1-99 3.1 82.7 Prime
32 100-999 3.3 87.3 Prime
33 1,000-9,999 16.0 87.5 Prime
34 10,000 or more 26.8 82.9 Foreign
Average size
(thousands
of dollars)
BASE RATE OF LOAN (4)
35 Prime (7) 1.1 88.9 172
36 Fed funds 31.3 51.8 3,782
37 Other domestic 39.7 66.6 1,877
38 Foreign 30.0 88.5 2,236
39 Other 13.8 91.4 226
C. Commercial and industrial loans made by large domestic banks (1)
Weighted-
average Amount of Average
Itme effective loans loan size
loan rate (millions (thousands
(percent) (2) of dollars) of dollars)
LOAN RISK (5)
1 All commercial and
industrial loans 3.85 40,725 575
2 Minimal risk 3.39 2,008 861
3 Low risk 2.56 5,707 2,413
4 Moderate risk 3.75 19,698 1,001
5 Other 5.04 9,256 352
By maturity/repricing
interval (6)
6 Zero interval 4.44 4,172 339
7 Minimal risk 3.88 118 528
8 Low risk 2.58 915 2,880
9 Moderate risk 4.33 1,567 239
10 Other 5.69 1,550 301
11 Daily 3.61 13,125 354
12 Minimal risk 3.17 917 1,527
13 Low risk 2.46 2,271 2,086
14 Moderate risk 3.19 4,608 596
15 Other 4.89 2,955 239
16 2 to 30 days 3.64 10,774 667
17 Minimal risk 3.44 698 535
18 Low risk 2.66 1,216 2,180
19 Moderate risk 3.71 5,833 1,633
20 Other 4.45 2,002 291
21 31 to 365 days 4.04 9,215 3,247
22 Minimal risk 3.85 253 1,552
23 Low risk 2.33 987 3,264
24 Moderate risk 3.94 5,483 5,324
25 Other 5.38 2,000 2,296
26 More than 365 days 4.31 3,222 1,815
27 Minimal risk * * *
28 Low risk 3.55 317 3,237
28 Moderate risk 4.17 2,067 3,203
30 Other 5.13 686 1,123
Weighted-
average risk
rating (5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 5.01 1,317 3.6
32 100-999 4.62 5,468 3.4
33 1,000-9,999 3.75 11,135 3.0
34 10,000 or more 3.65 22,806 3.0
BASE RATE OF LOAN (4)
35 Prime (7) 5.08 11,264 3.4
36 Fed funds 2.15 2,967 2.6
37 Other domestic 2.45 3,837 2.7
38 Foreign 3.64 15,313 3.2
39 Other 3.83 7,343 2.8
Amount of loans
(percent)
Weighted-
Item average Secured by Callable
maturity (3) collateral
Days
LOAN RISK (5)
1 All commercial and
industrial loans 580 50.7 9.9
2 Minimal risk 227 40.0 14.8
3 Low risk 379 21.8 3.9
4 Moderate risk 707 54.3 11.7
5 Other 531 66.0 7.3
By maturity/repricing
interval (6)
6 Zero interval 462 47.0 11.1
7 Minimal risk 305 32.9 5.6
8 Low risk 196 17.8 2.2
9 Moderate risk 593 55.9 20.5
10 Other 517 56.0 7.1
11 Daily 485 41.0 18.5
12 Minimal risk 334 33.1 31.3
13 Low risk 313 9.1 1.4
14 Moderate risk 647 36.7 31.0
15 Other 463 64.6 11.8
16 2 to 30 days 455 38.6 6.9
17 Minimal risk 97 40.4 .5
18 Low risk 453 32.2 6.7
19 Moderate risk 524 34.0 6.3
20 Other 353 59.9 6.3
21 31 to 365 days 693 69.8 1.9
22 Minimal risk 123 62.4 .0
23 Low risk 370 19.6 9.4
24 Moderate risk 796 81.9 .9
25 Other 636 73.5 1.5
Months
26 More than 365 days 38 78.9 1.2
27 Minimal risk * * *
28 Low risk 37 90.2 .0
28 Moderate risk 39 75.4 1.6
30 Other 33 87.9 .6
Weighted-
average
maturity/
repricing
interval (6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 40 81.6 28.2
32 100-999 61 70.8 16.8
33 1,000-9,999 98 46.2 10.2
34 10,000 or more 161 46.3 7.0
BASE RATE OF LOAN (4)
35 Prime (7) 78 67.3 12.9
36 Fed funds 12 13.0 11.9
37 Other domestic 14 17.0 37.1
38 Foreign 206 52.1 3.0
39 Other 139 55.1 4.6
Amount of loans
(percent)
Most
Subject to Made under common
Item prepayment commitment base pricing
penalty rate (4)
LOAN RISK (5)
1 All commercial and 20.2 86.4 Foreign
industrial loans
2 Minimal risk .7 86.3 Other
3 Low risk 48.1 85.9 Foreign
4 Moderate risk 21.7 83.9 Foreign
5 Other 12.4 91.4 Prime
By maturity/repricing
interval (6)
6 Zero interval 12.6 85.1 Prime
7 Minimal risk 11.3 90.4 Other
8 Low risk 31.6 56.6 Fed funds
9 Moderate risk 11.6 94.4 Prime
10 Other 2.2 92.0 Prime
11 Daily 24.4 82.7 Prime
12 Minimal risk * 71.7 Prime
13 Low risk 71.4 90.7 Domestic
14 Moderate risk 29.0 72.3 Domestic
15 Other 7.4 83.8 Prime
16 2 to 30 days 21.1 88.0 Foreign
17 Minimal risk * 99.7 Other
18 Low risk 59.4 94.5 Foreign
19 Moderate risk 23.0 83.1 Foreign
20 Other 10.1 97.8 Other
21 31 to 365 days 15.0 89.0 Foreign
22 Minimal risk * 99.5 Other
23 Low risk 11.6 86.7 Other
24 Moderate risk 19.5 89.1 Foreign
25 Other 10.2 95.3 Foreign
26 More than 365 days 26.2 91.3 Foreign
27 Minimal risk * * *
28 Low risk .2 99.9 Foreign
28 Moderate risk 16.6 91.7 Foreign
30 Other 71.2 92.1 Foreign
SIZE OF LOAN
(thousands of dollars)
31 1-99 1.2 91.6 Prime
32 100-999 2.3 93.9 Prime
33 1,000-9,999 16.6 90.1 Foreign
34 10,000 or more 27.3 82.6 Foreign
Average size
(thousands
of dollars)
BASE RATE OF LOAN (4)
35 Prime (7) .4 93.2 239
36 Fed funds 31.6 51.3 4,593
37 Other domestic 39.7 66.3 4,902
38 Foreign 30.1 88.7 2,358
39 Other 15.1 96.1 465
D. Commercial and industrial loans made by small domestic banks (1)
Weighted-
average Amount of Average
Item effective loans loan size
loan rate (millions (thousands
(percent) (2) of dollars) of dollars)
LOAN RISK (5)
1 All commercial and
industrial loans 5.62 4,519 76
2 Minimal risk 5.62 227 89
3 Low risk 5.69 439 59
4 Moderate risk 5.67 1,699 65
5 Other 5.71 1,020 75
By maturity/repricing
interval (6)
6 Zero interval 5.19 1,707 76
7 Minimal risk 4.63 107 155
8 Low risk 5.38 155 73
9 Moderate risk 5.21 682 67
10 Other 5.29 598 78
11 Daily 5.27 1,075 126
12 Minimal risk 4.51 15 35
13 Low risk 5.80 77 70
14 Moderate risk 5.39 374 102
15 Other 5.59 163 74
16 2 to 30 days 4.65 319 89
17 Minimal risk 5.61 9 14
18 Low risk 4.00 56 87
19 Moderate risk 5.03 162 131
20 Other 4.50 27 56
21 31 to 365 days 6.32 828 49
22 Minimal risk 6.93 95 120
23 Low risk 6.78 82 31
24 Moderate risk 6.57 227 33
25 Other 6.77 121 64
26 More than 365 days 7.09 562 82
27 Minimal risk * * *
28 Low risk 6.34 70 75
28 Moderate risk 7.01 226 69
30 Other 7.33 111 78
Weighted-
average risk
rating (5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 6.45 1,095 3.1
32 100-999 5.72 2,028 3.2
33 1,000-9,999 4.85 932 2.9
34 10,000 or more * * *
BASE RATE OF LOAN (4)
35 Prime (7) 5.43 3,067 3.2
36 Fed funds 4.03 33 2.8
37 Other domestic 6.55 79 2.5
38 Foreign 3.58 270 2.2
39 Other 6.68 1,070 3.0
Amount of loans
(percent)
Weighted-
Item average Secured by Callable
maturity (3) collateral
Days
LOAN RISK (5)
1 All commercial and
industrial loans 1,009 88.2 33.4
2 Minimal risk 1,269 90.3 40.3
3 Low risk 1,032 77.6 14.3
4 Moderate risk 1,168 87.0 35.1
5 Other 1,224 93.7 26.1
By maturity/repricing
interval (6)
6 Zero interval 896 88.1 28.7
7 Minimal risk 2,599 89.0 38.5
8 Low risk 616 84.6 26.5
9 Moderate risk 1,138 87.5 34.4
10 Other 582 92.6 27.0
11 Daily 672 94.1 63.1
12 Minimal risk 257 71.3 15.0
13 Low risk 494 89.7 9.4
14 Moderate risk 692 90.9 53.0
15 Other 1,938 92.3 35.9
16 2 to 30 days 881 55.0 26.4
17 Minimal risk 70 35.7 2.8
18 Low risk 608 32.5 5.6
19 Moderate risk 1,394 69.9 42.9
20 Other 595 92.2 31.0
21 31 to 365 days 594 89.6 14.0
22 Minimal risk 224 99.8 49.9
23 Low risk 712 76.3 10.4
24 Moderate risk 707 85.4 16.8
25 Other 1,311 97.6 11.2
Months
26 More than 365 days 86 93.8 21.2
27 Minimal risk * * *
28 Low risk 101 86.5 4.2
28 Moderate risk 76 91.7 15.3
30 Other 114 97.7 22.0
Weighted-
average
maturity/
repricing
intervaL (6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 206 89.5 26.6
32 100-999 373 86.8 28.2
33 1,000-9,999 198 83.9 19.7
34 10,000 or more * * *
BASE RATE OF LOAN (4)
35 Prime (7) 124 90.4 39.6
36 Fed funds 657 29.4 31.3
37 Other domestic 650 99.6 10.0
38 Foreign 151 50.2 8.2
39 Other 634 92.6 23.9
Amount of loans
(percent)
Most
Subject to Made under common
Item prepayment commitemnt base pricing
penalty rate (4)
LOAN RISK (5)
1 All commercial and
industrial loans 5.8 70.6 Prime
2 Minimal risk 20.5 71.6 Other
3 Low risk 7.0 65.7 Prime
4 Moderate risk 6.0 81.7 Prime
5 Other 7.9 58.5 Prime
By maturity/repricing
interval (6)
6 Zero interval 7.0 70.1 Prime
7 Minimal risk 41.1 49.7 Prime
8 Low risk 6.1 63.6 Prime
9 Moderate risk 4.9 79.9 Prime
10 Other 5.3 57.6 Prime
11 Daily 1.8 89.0 Prime
12 Minimal risk 11.0 99.2 Prime
13 Low risk 2.9 88.5 Prime
14 Moderate risk 2.2 93.4 Prime
15 Other 4.4 51.9 Prime
16 2 to 30 days 7.0 94.4 Prime
17 Minimal risk * 83.7 Prime
18 Low risk .1 98.5 Foreign
19 Moderate risk 9.7 94.6 Prime
20 Other 24.2 81.6 Prime
21 31 to 365 days 2.5 51.0 Other
22 Minimal risk .8 90.8 Other
23 Low risk 5.1 47.2 Other
24 Moderate risk 5.6 76.9 Other
25 Other 1.4 56.1 Other
26 More than 365 days 14.7 52.5 Other
27 Minimal risk * * *
28 Low risk 21.3 40.6 Other
28 Moderate risk 13.8 65.0 Other
30 Other 30.5 69.9 Prime
SIZE OF LOAN
(thousands of dollars)
31 1-99 5.3 72.0 Prime
32 100-999 6.1 69.7 Prime
33 1,000-9,999 8.8 56.2 Prime
34 10,000 or more * * *
Average size
(thousands
of dollars)
BASE RATE OF LOAN (4)
35 Prime (7) 3.8 73.3 85
36 Fed funds * 97.1 222
37 Other domestic 38.1 81.8 61
38 Foreign 23.7 78.7 568
39 Other 5.1 59.2 50
E. Commercial and industrial loans made by U.S. branches and
agencies of foreign banks (1)
Weighted-
average Amount of Average
Item effective loans loan size
loan rate (millions (thousands
(percent) (2) of dollars) of dollars)
LOAN RISK (5)
1 All commercial and
industrial loans 2.85 24,955 4,834
2 Minimal risk 1.88 1,199 8,862
3 Low risk 2.60 2,551 3,193
4 Moderate risk 2.71 4,521 3,823
5 Other 3.03 13,867 5,362
By maturity/repricing
interval (6)
6 Zero interval 5.94 707 1,126
7 Minimal risk * * *
8 Low risk 4.10 60 882
9 Moderate risk 5.01 186 1,165
10 Other 6.56 460 1,189
11 Daily 2.42 12,305 8,708
12 Minimal risk 1.78 850 12,563
13 Low risk 2.03 1,029 6,385
14 Moderate risk 2.19 1,158 4,990
15 Other 2.45 7,140 10,049
16 2 to 30 days 3.00 7,007 3,954
17 Minimal risk * * *
18 Low risk 2.77 845 2,331
19 Moderate risk 2.79 1,865 4,119
20 Other 3.24 3,699 4,724
21 31 to 365 days 3.26 4,839 3,708
22 Minimal risk * * *
23 Low risk 3.15 614 3,025
24 Moderate risk 2.69 1,270 4,044
25 Other 3.67 2,517 3,642
26 More than 365 days * * *
27 Minimal risk * * *
28 Low risk * * *
28 Moderate risk * * *
30 Other * * *
Weighted-
average risk
rating (5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 4.76 23 3.4
32 100-999 3.68 737 3.5
33 1,000-9,999 3.02 7,426 3.5
34 10,000 or more 2.74 16,768 3.7
BASE RATE OF LOAN (4)
35 Prime (7) 5.32 1,382 3.5
36 Fed funds 2.26 8,292 3.8
37 Other domestic 2.71 2,353 2.3
38 Foreign 2.98 10,848 3.4
39 Other 3.04 2,081 4.8
Amount of loans
(percent)
Weighted-
Item average Secured by Callable
maturity (3) collateral
Days
LOAN RISK (5)
1 All commercial and
industrial loans 137 17.1 .4
2 Minimal risk 45 4.5 *
3 Low risk 308 18.8 .4
4 Moderate risk 149 9.5 1.6
5 Other 133 23.1 .0
By maturity/repricing
interval (6)
6 Zero interval 486 56.9 1.4
7 Minimal risk * * *
8 Low risk 216 72.0 4.3
9 Moderate risk 1,130 17.9 3.6
10 Other 241 70.5 .2
11 Daily 7 10.3 .0
12 Minimal risk 2 * *
13 Low risk 8 2.3 .0
14 Moderate risk 26 .2 .2
15 Other 6 17.4 *
16 2 to 30 days 166 15.8 1.4
17 Minimal risk * * *
18 Low risk 404 4.9 .8
19 Moderate risk 32 14.2 3.3
20 Other 195 20.9 .1
21 31 to 365 days 365 28.8 *
22 Minimal risk * * *
23 Low risk 716 60.4 *
24 Moderate risk 250 7.1 *
25 Other 379 32.2 *
Months
26 More than 365 days * * *
27 Minimal risk * * *
28 Low risk * * *
28 Moderate risk * * *
30 Other * * *
Weighted-
average
maturity/
repricing
interval (6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 30 40.0 10.6
32 100-999 56 17.1 2.5
33 1,000-9,999 45 10.2 1.2
34 10,000 or more 20 20.1 *
BASE RATE OF LOAN (4)
35 Prime (7) 80 41.2 8.0
36 Fed funds 16 1.0 *
37 Other domestic 9 3.1 *
38 Foreign 41 19.7 *
39 Other 7 67.1 *
Amount of loans
(percent)
Most
Subject to Made under common
Item prepayment commitment base pricing
penalty rate (4)
LOAN RISK (5)
1 All commercial and 59.6 64.1 Foreign
industrial loans
2 Minimal risk 76.4 98.8 Foreign
3 Low risk 59.6 82.2 Fed funds
4 Moderate risk 78.9 85.0 Foreign
5 Other 44.4 62.7 Fed funds
By maturity/repricing
interval (6)
6 Zero interval 4.8 94.2 Prime
7 Minimal risk * * *
8 Low risk 1.3 99.6 Prime
9 Moderate risk 1.9 96.4 Prime
10 Other 6.5 92.6 Prime
11 Daily 54.4 49.3 Fed funds
12 Minimal risk 85.3 100.0 Foreign
13 Low risk 97.5 66.8 Fed funds
14 Moderate risk 66.6 95.3 Fed funds
15 Other 29.6 47.1 Fed funds
16 2 to 30 days 73.7 74.5 Foreign
17 Minimal risk * * *
18 Low risk 32.5 88.2 Foreign
19 Moderate risk 93.7 85.8 Foreign
20 Other 70.7 71.6 Foreign
21 31 to 365 days 59.3 82.5 Foreign
22 Minimal risk * * *
23 Low risk 38.9 98.0 Foreign
24 Moderate risk 78.7 75.1 Foreign
25 Other 53.4 87.8 Foreign
26 More than 365 days * * *
27 Minimal risk * * *
28 Low risk * * *
28 Moderate risk * * *
30 Other * * *
SIZE OF LOAN
(thousands of dollars)
31 1-99 16.4 80.0 Prime
32 100-999 55.6 82.1 Foreign
33 1,000-9,999 61.3 68.2 Foreign
34 10,000 or more 59.0 61.5 Foreign
Average size
(thousands
of dollars)
BASE RATE OF LOAN (4)
35 Prime (7) 12.9 95.2 1,162
36 Fed funds 45.4 65.6 6,127
37 Other domestic 100.0 .8 6,490
38 Foreign 77.0 82.8 5,500
39 Other 10.1 11.7 7,297
NOTE. The Survey of Terms of Business Lending collects data on
gross loan extensions made during the first full business week
in the mid-month of each quarter. The authorized panel size for
the survey is 348 domestically chartered commercial banks and
50 U.S. branches and agencies of foreign banks. The sample data
are used to estimate the terms of loans extended during that week
at all domestic commercial banks and all U.S. branches and agencies
of foreign banks. Note that the terms on loans extended during the
survey week may differ from those extended during other weeks of
the quarter. The estimates reported here are not intended to measure
the average terms on all business loans in bank portfolios.
(1.) As of March 31, 2001, assets of the large banks were at least
$4 billion. Median total assets for all insured banks were roughly
$80 million. Assets at all U.S. branches and agencies averaged
$2.7 billion.
(2.) Effective (compounded) annual interest rates are calculated
from the stated rate and other terms of the loan and weighted by
loan amount. The standard error of the loan rate for all commercial
and industrial loans in the current survey (line 1, column 1) is
0.10 percentage point. The chances are about two out of three that
the average rate shown would differ by less than this amount from
the average rate that would be found by a complete survey of the
universe of all banks.
(3.) Average maturities are weighted by loan amount and exclude
loans with no stated maturities.
(4.) The most common base pricing rate is that used to price the
largest dollar volume of loans. Base pricing rates include the
prime rate (sometimes referred to as a bank's "base" or "reference"
rate); the federal funds rate; domestic money market rates other
than the prime rate and the federal funds rate; foreign money
market rates; and other base rates not included in the foregoing
classifications.
(5.) A complete description of these risk categories is available
from the Banking Analysis Section, Mail Stop 81, Board of Governors
of the Federal Reserve System, Washington, DC 20551. The category
"Moderate risk" includes the average loan, under average economic
conditions, at the typical lender. The category "Other" includes
loans rated "acceptable" as well as special mention or classified
loans. The weighted-average risk rating published for loans in rows
31-39 are calculated by assigning a value of "1" to minimal risk
loans; "2" to low risk loans; "3" to moderate risk loans, "4" to
acceptable risk loans; and "5" to special mention and classified
loans. These values are weighted by loan amount and exclude loans
with no risk rating. Some of the loans in lines 1, 6, 11, 16, 21,
26, and 31-39 are not rated for risk.
(6.) The maturity/repricing interval measures the period from the
date the loan is made until it first may reprice or it matures. For
floating-rate loans that are subject to rapricing at any time--such
as many prime-based loans--the maturity/repricing interval is zero.
For floating-rate loans that have a scheduled repricing interval,
the maturity/repricing interval measures the number of days between
the date the loan is made and the date on which it is next scheduled
to reprice. For loans having rates that remain fixed until the loan
matures (fixed-rate loans), the maturity/repricing interval measures
the number of days between the date the loan is made and the date on
which it matures. Loans that reprice daily mature or reprice on the
business day after they are made. Owing to weekends and holidays,
such loans may have maturity/repricing intervals in excess of one
day; such loans are not included in the "2 to 30 day" category.
(7.) For the current survey, the average reported prime rate,
weighted by the amount of loans priced relative to a prime base rate,
was 4.64 percent for all banks, 4.61 percent for large domestic
banks, 4.72 percent for small domestic banks, and 4.65 percent for
U.S. branches and agencies of foreign banks.
4.30 ASSETS AND LIABILITIES of U.S. Branches and Agencies of
Foreign Banks, September 30, 2002 (1)
Millions of dollars except as noted
All states (2) New York
Total Total
Item including IBFs including IBFs
IBFs (3) only (3) IBFs (3) only
1 Total assets (4) 1,029,094 113,098 876,770 90,250
2 Claims on nonrelated
parties 765,036 49,597 659,816 45,232
3 Cash and balances
due from
depository
institutions 61,087 15,557 50,898 13,021
4 Cash items in
process of
collection and
unposted debits 2,752 0 2,669 0
5 Currency and coin
(U.S. and
foreign) 11 n.a. 8 n.a.
6 Balances with
depository
institutions
in United
States 42,284 6,249 36,178 5,296
7 U.S. branches
and agencies
of other
foreign banks
(including
their IBFs) 37,474 5,986 31,981 5,096
8 Other depository
institutions
in United
States
(including
their IBFs) 4,810 263 4,198 200
9 Balances with
banks in
foreign
countries and
with foreign
central banks 15,223 9,308 11,334 7,724
10 Foreign branches
of U.S. banks 204 153 176 125
11 Banks in home
country and
home-country
central banks 4,796 1,828 2,555 1,828
12 All other banks
in foreign
countries and
foreign
central banks 10,223 7,327 8,603 5,771
13 Balances with
Federal Reserve
Banks 816 n.a. 708 n.a.
14 Total securities and
loans 437,785 25,675 366,458 23,960
15 Total securities,
book value 132,047 4,318 116,898 4,009
16 U.S. Treasury 18,670 n.a. 18,217 n.a.
17 Obligations of
U.S. government
agencies and
corporations 29,796 n.a. 27,907 n.a.
18 Other bonds,
notes,
debentures,
and corporate
stock
(including
state and
local
securities) 83,581 4,318 70,774 4,009
19 Securities of
foreign
governmental
units 8,521 2,804 8,168 2,715
20 Mortgage-backed
securities 25,346 0 22,582 0
21 Other asset-
backed
securities 15,097 20 8,787 20
22 All other 34,617 1,495 31,238 1,275
23 Federal funds sold
and securities
purchased under
agreements to
resell 106,073 7,313 103,811 7,220
24 Depository
institutions in
the United
States 22,763 2,780 21,994 2,687
25 Other 83,310 4,533 81,817 4,533
26 Total loans, gross 306,072 21,370 249,824 19,963
27 LESS: Unearned
income on loans 334 14 264 12
28 EQUALS: Loans, net 305,738 21,357 249,560 19,950
Total loans, gross,
by category
29 Real estate loans 19,168 160 15,226 160
30 Loans to depository
institutions and
acceptances of
other banks 75,660 8,029 62,984 7,292
31 Commercial banks
in United
States
(including
their IBFs) 5,477 1,255 4,700 1,020
32 U.S. branches
and agencies
of other
foreign banks 3,254 1,254 2,493 1,020
33 Other commercial
banks in
United States 2,223 1 2,207 1
34 Other depository
institutions in
United States
(including their
IBFs) 29 0 29 0
35 Banks in foreign
countries 13,217 6,430 11,274 5,928
36 Foreign branches
of U.S. banks 229 197 229 197
37 Other banks in
foreign
countries 12,988 6,233 11,045 5,731
38 Loans to other
financial
institutions 56,937 344 46,981 344
39 Commercial and
industrial loans 190,488 11,360 152,697 10,746
40 U.S. addressees
(domicile) 153,773 55 121,591 55
41 Non-U.S.
addressees
(domicile) 36,714 11,304 31,106 10,691
42 Loans to foreign
governments and
official
institutions
(including
foreign central
banks) 4,296 1,697 3,709 1,654
43 Loans for purchasing
of carrying
securities
(secured and
unsecured) 11,612 0 11,373 0
44 All other loans 4,240 125 3,588 111
45 Lease financing
receivables (net
of unearned
income) 608 0 248 0
46 U.S. addressees
(domicile) 555 0 248 0
47 Non-U.S.
addressees
(domicile) 53 0 0 0
48 Trading assets 126,977 203 109,173 203
49 All other assets 33,115 848 29,476 828
50 Customers'
liabilities on
acceptances
outstanding 862 n.a. 518 n.a.
51 U.S. addressees
(domicile) 421 n.a. 316 n.a.
52 Non-U.S.
addressees
(domicile) 441 n.a. 203 n.a.
53 Other assets
including other
claims on
nonrelated
parties 32,253 848 28,958 828
54 Net due from related
depository
institutions (5) 264,058 63,501 216,954 45,017
55 Net due from head
office and other
related
depository
institutions (5) 264,058 n.a. 216,954 n.a.
56 Net due from
establishing
entity, head
office, and
other related
depository
institutions (5) n.a. 63,501 n.a. 45,017
57 Total liabilities
(4) 1,029,094 113,098 876,770 90,250
58 Liabilities to
nonrelated parties 900,079 99,903 772,291 78,455
All states (2) New York
Total Total
Item excluding IBFs excluding IBFs
IBFs (3) only (3) IBFs (3) only
59 Total deposits and
credit balances 460,818 67,762 388,949 54,412
60 Individuals,
partnerships,
and corpora-
tions (inclu-
ding certified
and official
checks) 368,411 7,562 302,565 3,532
61 U.S. addressees
(domicile) 353,416 17 293,202 17
62 Non-U.S.
addressees
(domicile) 14,995 7,545 9,363 3,515
63 Commercial banks
in United
States
(including
their IBFs) 60,115 6,346 55,468 5,868
64 U.S. branches
and agencies
of other
foreign banks 18,810 5,854 18,384 5,388
65 Other commercial
banks in
United States 41,305 491 37,084 480
66 Banks in foreign
countries 6,073 29,419 5,723 25,449
67 Foreign branches
of U.S. banks 1,019 2,389 1,019 2,059
68 Other banks in
foreign
countries 5,054 27,030 4,704 23,389
69 Foreign
governments and
official
institutions
(including
foreign central
banks) 6,540 24,434 6,204 19,563
70 All other deposits
and credit
balances 19,679 0 18,989 0
71 Transaction accounts
and credit
balances
(excluding IBFs) 9,110 n.a. 7,412 n.a.
72 Individuals,
partnerships,
and corpora-
tions (inclu-
ding certified
and official
checks) 8,067 n.a. 6,551 n.a.
73 U.S. addressees
(domicile) 5,486 n.a. 5,104 n.a.
74 Non-U.S.
addressees
(domicile) 2,581 n.a. 1,447 n.a.
75 Commercial banks
in United
States
(including
their IBFs) 40 n.a. 40 n.a.
76 U.S. branches
and agencies
of other
foreign banks 5 n.a. 5 n.a.
77 Other commercial
banks in
United States 36 n.a. 35 n.a.
78 Banks in foreign
countries 682 n.a. 551 n.a.
79 Foreign branches
of U.S. banks 0 n.a. 0 n.a.
80 Other banks in
foreign
countries 681 n.a. 551 n.a.
81 Foreign
governments and
official
institutions
(including
foreign central
banks) 218 n.a. 178 n.a.
82 All other deposits
and credit
balances 103 n.a. 91 n.a.
83 Nontransaction
accounts
(including
MMDAs, excluding
IBFs) 451,708 n.a. 381,537 n.a.
84 Individuals,
partnerships,
and corpora-
tions (inclu-
ding certified
and official
checks) 360,344 n.a. 296,013 n.a.
85 U.S. addressees
(domicile) 347,930 n.a. 288,098 n.a.
86 Non-U.S.
addressees
(domicile) 12,414 n.a. 7,916 n.a.
87 Commercial banks
in United
States
(including
their IBFs) 60,075 n.a. 55,428 n.a.
88 U.S. branches
and agencies
of other
foreign banks 18,805 n.a. 18,380 n.a.
89 Other commercial
banks in
United States 41,270 n.a. 37,049 n.a.
90 Banks in foreign
countries 5,391 n.a. 5,172 n.a.
91 Foreign branches
of U.S. banks 1,019 n.a. 1,019 n.a.
92 Other banks in
foreign
countries 4,372 n.a. 4,153 n.a.
93 Foreign
governments and
official
institutions
(including
foreign central
banks) 6,322 n.a. 6,027 n.a.
94 All other deposits
and credit
balances 19,575 n.a. 18,897 n.a.
95 IBF deposit
liabilities n.a. 67,762 n.a. 54,412
96 Individuals,
partnerships,
and corpora-
tions (inclu-
ding certified
and official
checks) n.a. 7,562 n.a. 3,532
97 U.S. addressees
(domicile) n.a. 17 n.a. 17
98 Non-U.S.
addressees
(domicile) n.a. 7,545 n.a. 3,515
99 Commercial banks
in United
States
(including
their IBFs) n.a. 6,346 n.a. 5,868
100 U.S. branches
and agencies
of other
foreign banks n.a. 5,854 n.a. 5,388
101 Other commercial
banks in n.a. 491 n.a. 480
United States
102 Banks in foreign
countries n.a. 29,419 n.a. 25,449
103 Foreign branches
of U.S. banks n.a. 2,389 n.a. 2,059
104 Other banks in
foreign
countries n.a. 27,030 n.a. 23,389
105 Foreign
governments and
official
institutions
(including
foreign central
banks) n.a. 24,434 n.a. 19,563
106 All other deposits
and credit
balances n.a. 0 n.a. 0
All states (2) New York
Total Total
Item including IBFs including IBFs
IBFs (3) only (3) IBFs (3) only
107 Federal funds
purchased and
securities sold
under agreements
to repurchase 183,714 16,177 167,367 11,428
108 Depository
institutions in
the United
States 30,807 2,606 24,030 1,255
109 Other 152,907 13,571 143,338 10,173
110 Other borrowed money 75,803 14,931 65,474 11,615
111 Owed to nonrelated
commercial banks
in United States
(including
their IBFs) 11,305 3,038 10,295 2,375
112 Owed to U.S.
offices of
nonrelated U.S.
banks 5,901 621 5,577 469
113 Owed to U.S.
branches and
agencies of
nonrelated
foreign banks 5,405 2,418 4,718 1,906
114 Owed to nonrelated
banks in foreign
countries 11,648 9,835 9,397 7,749
115 Owed to foreign
branches of
nonrelated U.S.
banks 1,366 1,233 1,161 1,085
116 Owed to foreign
offices of
nonrelated
foreign banks 10,281 8,602 8,236 6,663
117 Owed to others 52,850 2,057 45,782 1,492
118 All other
liabilities 111,983 1,033 96,089 1,000
119 Branch or agency
liability on
acceptances
executed and
outstanding 961 n.a. 569 n.a.
120 Trading
liabilities 81,729 32 69,661 31
121 Other liabilities
to nonrelated
parties 29,293 1,002 25,859 970
122 Net due to related
depository
institutions (5) 129,014 13,195 104,479 11,795
123 Net due to head
office and other
related
depository
institutions (5) 129,014 n.a. 104,479 n.a.
124 Net due to
establishing
entity, head
office, and
other related
depository
institutions (5) n.a. 13,195 n.a. 11,795
MEMO
125 Holdings of own
acceptances
included in
commercial and
industrial loans 596 n.a. 383 n.a.
126 Commercial and
industrial loans
with remaining
maturity of one
year or less
(excluding those
in nonaccrual
status) 87,895 n.a. 64,157 n.a.
127 Predetermined
interest rates 34,712 n.a. 21,893 n.a.
128 Floating interest
rates 53,183 n.a. 42,265 n.a.
129 Commercial and
industrial loans
with remaining
maturity of more
than one year
(excluding those
in nonnccrual
status) 95,072 n.a. 82,508 n.a.
130 Predetermined
interest rates 16,374 n.a. 14,650 n.a.
131 Floating interest
rates 78,698 n.a. 67,859 n.a.
All states (2) New York
Total Total
Item excluding IBFs excluding IBFs
IBFs (3) only (3) IBFs only
132 Components of total
nontransaction
accounts,
included in
total deposits
and credit
balances 465,024 n.a. 394,417 n.a.
133 Time deposits of
$100,000 or more 445,511 n.a. 376,622 n.a.
134 Time CDs in
denominations of
$100,000 or more
with remaining
maturity of more
than 12 months 19,513 n.a. 17,795 n.a.
All states (2) New York
Total Total
Item including IBFs including IBFs
IBFs (3) only (3) IBFs only
135 Immediately
available funds
with a maturity
greater than one
day included in
other borrowed
money 33,294 n.a. 31,088 n.a.
136 Number of reports
filed (6) 294 0 154 0
California Illinois
Total Total
in- IBFs in- IBFs
Item cluding only cluding only
IBFs IBFs
1 Total assets (4) 17,096 4,867 42,524 3,260
2 Claims on nonrelated
parties 16,623 1,127 39,148 1,951
3 Cash and balances
due from
depository
institutions 992 495 2,525 1,907
4 Cash items in
process of
collection and
unposted debits 2 0 49 0
5 Currency and coin
(U.S. and
foreign) 1 n.a. 0 n.a.
6 Balances with
depository
institutions
in United
States 703 228 1,121 632
7 U.S. branches
and agencies
of other
foreign banks
(including
their IBFs) 493 178 1,075 632
8 Other depository
institutions
in United
States
(including
their IBFs) 210 50 46 0
9 Balances with
banks in
foreign
countries and
with foreign
central banks 268 267 1,331 1,275
10 Foreign branches
of U.S. banks 28 28 0 0
11 Banks in home
country and
home-country
central banks 0 0 6 0
12 All other banks
in foreign
countries and
foreign
central banks 240 239 1,325 1,275
13 Balances with
Federal Reserve
Banks 18 n.a. 25 n.a.
14 Total securities and
loans 15,086 593 25,695 37
15 Total securities,
book value 1,415 247 3,464 14
16 U.S. Treasury 57 n.a. 306 n.a.
17 Obligations of
U.S. government
agencies and
corporations 28 n.a. 1,376 n.a.
18 Other bonds,
notes,
debentures,
and corporate
stock
(including
state and
local
securities) 1,330 247 1,782 14
19 Securities of
foreign
governmental
units 126 47 176 14
20 Mortgage-backed
securities 205 0 0 0
21 Other asset-
backed
securities 0 0 0 0
22 All other 999 200 1,606 0
23 Federal funds sold
and securities
purchased under
agreements to
resell 297 34 1,475 0
24 Depository
institutions in
the United
States 297 34 0 0
25 Other 0 0 1,475 0
26 Total loans, gross 13,703 347 22,239 23
27 LESS: Unearned
income on loans 33 1 8 0
28 EQUALS: Loans, net 13,671 346 22,231 23
Total loans, gross,
by category
29 Real estate loans 2,955 0 59 0
30 Loans to depository
institutions and
acceptances of
other banks 1,955 233 5,686 22
31 Commercial banks
in United
States
(including
their IBFs) 458 140 6 0
32 U.S. branches
and agencies
of other
foreign banks 453 140 0 0
33 Other commercial
banks in
United States 5 0 6 0
34 Other depository
institutions in
United States
(including their
IBFs) 0 0 0 0
35 Banks in foreign
countries 146 93 778 22
36 Foreign branches
of U.S. banks 0 0 0 0
37 Other banks in
foreign
countries 146 93 778 22
38 Loans to other
financial
institutions 1,351 0 4,902 0
39 Commercial and
industrial loans 8,305 92 15,693 0
40 U.S. addressees
(domicile) 7,757 0 13,891 0
41 Non-U.S.
addressees
(domicile) 548 92 1,802 0
42 Loans to foreign
governments and
official
institutions
(including
foreign central
banks) 224 22 240 0
43 Loans for purchasing
of carrying
securities
(secured and
unsecured) 0 0 116 0
44 All other loans 264 0 84 0
45 Lease financing
receivables (net
of unearned
income) 0 0 360 0
46 U.S. addressees
(domicile) 0 0 307 0
47 Non-U.S.
addressees
(domicile) 0 0 53 0
48 Trading assets 52 0 7,809 0
49 All other assets 197 5 1,643 7
50 Customers'
liabilities on
acceptances
outstanding 79 n.a. 235 n.a.
51 U.S. addressees
(domicile) 79 n.a. 25 n.a.
52 Non-U.S.
addressees
(domicile) 0 n.a. 210 n.a.
53 Other assets
including other
claims on
nonrelated
parties 117 5 1,409
54 Net due from related
depository
institutions (5) 474 3,741 3,376 1,309
55 Net due from head
office and other
related
depository
institutions (5) 474 n.a. 3,376 n.a.
56 Net due from
establishing
entity, head
office, and
other related
depository
institutions (56) n.a. 3,741 n.a. 1,309
57 Total liabilities
(4) 17,096 4,867 42,524 3,260
58 Liabilities to
nonrelated parties 8,851 4,723 38,774 2,282
California Illinois
Total Total
ex- IBFs ex- IBFs
Item cluding only cluding only
IBFs IBFs
59 Total deposits and
credit balances 2,963 1,590 14,888 1,175
60 Individuals,
partnerships,
and corpora-
tions (inclu-
ding certified
and official
checks) 2,476 110 14,486 9
61 U.S. addressees
(domicile) 1,047 0 14,332 0
62 Non-U.S.
addressees
(domicile) 1,429 110 154 9
63 Commercial banks
in United
States
(including
their IBFs) 445 154 401 40
64 U.S. branches
and agencies
of other
foreign banks 35 154 0 40
65 Other commercial
banks in
United States 410 0 401 0
66 Banks in foreign
countries 29 487 0 411
67 Foreign branches
of U.S. banks 0 19 0 0
68 Other banks in
foreign
countries 29 468 0 411
69 Foreign
governments and
official
institutions
(including
foreign central
banks) 7 839 1 716
70 All other deposits
and credit
balances 5 0 0 0
71 Transaction accounts
and credit
balances
(excluding IBFs) 277 n.a. 218 n.a.
72 Individuals,
partnerships,
and corpora-
tions (inclu-
ding certified
and official
checks) 243 n.a. 217 n.a.
73 U.S. addressees
(domicile) 84 n.a. 212 n.a.
74 Non-U.S.
addressees
(domicile) 159 n.a. 6 n.a.
75 Commercial banks
in United
States
(including
their IBFs) 0 n.a. 0 n.a.
76 U.S. branches
and agencies
of other
foreign banks 0 n.a. 0 n.a.
77 Other commercial
banks in
United States 0 n.a. 0 n.a.
78 Banks in foreign
countries 29 n.a. 0 n.a.
79 Foreign branches
of U.S. banks 0 n.a. 0 n.a.
80 Other banks in
foreign
countries 29 n.a. 0 n.a.
81 Foreign
governments and
official
institutions
(including
foreign central
banks) 1 n.a. 1 n.a.
82 All other deposits
and credit
balances 4 n.a. 0 n.a.
83 Nontransaction
accounts
(including
MMDAs, excluding
IBFs) 2,686 n.a. 14,670 n.a.
84 Individuals,
partnerships,
and corpora-
tions (inclu-
ding certified
and official
check) 2,234 n.a. 14,269 n.a.
85 U.S. addressees
(domicile) 963 n.a. 14,120 n.a.
86 Non-U.S.
addressees
(domicile) 1,270 n.a. 149 n.a.
87 Commercial banks
in United
States
(including
their IBFs) 445 n.a. 401 n.a.
88 U.S. branches
and agencies
of other
foreign banks 35 n.a. 0 n.a.
89 Other commercial
banks in
United States 410 n.a. 401 n.a.
90 Banks in foreign
countries 0 n.a. 0 n.a.
91 Foreign branches
of U.S. banks 0 n.a. 0 n.a.
92 Other banks in
foreign
countries 0 n.a. 0 n.a.
93 Foreign
governments and
official
institutions
(including
foreign central
banks) 6 n.a. 0 n.a.
94 All other deposits
and credit
balances 1 n.a. 0 n.a.
95 IBF deposit
liabilities n.a. 1,590 n.a. 1,175
96 Individuals,
partnerships,
and corpora-
tions (inclu-
ding certified
and official
checks) n.a. 110 n.a. 9
97 U.S. addressees
(domicile) n.a. 0 n.a. 0
98 Non-U.S.
addressees
(domicile) n.a. 110 n.a. 9
99 Commercial banks
in United
States
(including
their IBFs) n.a. 154 n.a. 40
100 U.S. branches
and agencies
of other
foreign banks n.a. 154 n.a. 40
101 Other commercial
banks in n.a. 0 n.a. 0
United States
102 Banks in foreign
countries n.a. 487 n.a. 411
103 Foreign branches
of U.S. banks n.a. 19 n.a. 0
104 Other banks in
foreign
countries n.a. 468 n.a. 411
105 Foreign
governments and
official
institutions
(including
foreign central
banks) n.a. 839 n.a. 716
106 All other deposits
and credit
balances n.a. 0 n.a. 0
California Illinois
Total Total
in- IBFs in- IBFs
Item cluding only cluding only
IBFs IBFs
107 Federal funds
purchased and
securities sold
under agreements
to repurchase 1,168 390 5,678 599
108 Depository
institutions in
the United
States 863 331 1,947 109
109 Other 305 59 3,731 490
110 Other borrowed money 2,876 2,734 4,800 503
111 Owed to nonrelated
commercial banks
in United States
(including
their IBFs) 463 348 438 289
112 Owed to U.S.
offices of
nonrelated U.S.
banks 152 52 147 100
113 Owed to U.S.
branches and
agencies of
nonrelated
foreign banks 311 296 291 189
114 Owed to nonrelated
banks in foreign
countries 1,841 1,820 215 215
115 Owed to foreign
branches of
nonrelated U.S.
banks 169 148 0 0
116 Owed to foreign
offices of
nonrelated
foreign banks 1,672 1,672 215 215
117 Owed to others 571 565 4,148 0
118 All other
liabilities 256 10 12,232 4
119 Branch or agency
liability on
acceptances
executed and
outstanding 79 n.a. 281 n.a.
120 Trading
liabilities 58 0 10,202 1
121 Other liabilities
to nonrelated
parties 118 10 1,749 2
122 Net due to related
depository
institutions (5) 8,245 144 3,750 978
123 Net due to head
office and other
related
depository
institutions (5) 8,245 n.a. 3,750 n.a.
124 Net due to
establishing
entity, head
office, and
other related
depository
institutions (5) n.a. 144 n.a. 978
MEMO
125 Holdings of own
acceptances
included in
commercial and
industrial loans 1 n.a. 149 n.a.
126 Commercial and
industrial loans
with remaining
maturity of one
year or less
(excluding those
in nonaccrual
status) 4,732 n.a. 10,541 n.a.
127 Predetermined
interest rates 1,903 n.a. 7,086 n.a.
128 Floating interest
rates 2,829 n.a. 3,455 n.a.
129 Commercial and
industrial loans
with remaining
maturity of more
than one year
(excluding those
in nonnccrual
status) 3,357 n.a. 4,553 n.a.
130 Predetermined
interest rates 412 n.a. 637 n.a.
131 Floating interest
rates 2,945 n.a. 3,917 n.a.
California Illinois
Total Total
ex- IBFs ex- IBFs
Item cluding only cluding only
IBFs IBFs
132 Components of total
nontransaction
accounts,
included in
total deposits
and credit
balances 2,555 n.a. 14,630 n.a.
133 Time deposits of
$100,000 or more 2,538 n.a. 14,529 n.a.
134 Time CDs in
denominations of
$100,000 or more
with remaining
maturity of more
than 12 months 17 n.a. 101 n.a.
California Illinois
Total Total
in- IBFs in- IBFs
Item cluding only cluding only
IBFs IBFs
135 Immediately
available funds
with a maturity
greater than one
day included in
other borrowed
money 1,525 n.a. 404 n.a.
136 Number of reports
filed (6) 56 0 18 0
(1.) Data are aggregates of categories reported on the quarterly form
FFIEC 002, "Report of Assets and Liabilities of U.S. Branches and
Agencies of Foreign Banks." The form was first used for reporting data
as of June 30, 1980, and was revised as of December 31, 1985. From
November 1972 through May 1980, U.S. branches and agencies of foreign
banks had filed a monthly FR 886a report. Aggregate data from that
report were available through the Federal Reserve monthly statistical
release G.11, last issued on July 10, 1980. Data in this table and in
the G.11 tables are not strictly comparable because of differences in
reporting panels and in definitions of balance sheet items.
(2.) Includes the District of Columbia.
(3.) Effective December 1981, the Federal Reserve Board amended
Regulations D and Q to permit banking offices located in the United
States to operate international banking facilities (IBFs). Since
December 31, 1985, data for IBFs have been reported in a separate
column. These data are either included in or excluded from the total
columns as indicated in the headings. The notation "n.a." indicates
that no IBF data have been reported for that item, either because the
item is not an eligible IBF asset or liability or because that level
of detail is not reported for IBFs. From December 1981 through
September 1985, IBF data were included in all applicable items
reported.
(4.) Total assets and total liabilities include net balances, if any,
due from or owed to related banking institutions in the United States
and in foreign countries (see note 5). On the former monthly branch
and agency report, available through the G.11 monthly statistical
release, gross balances were included in total assets and total
liabilities. Therefore, total asset and total liability figures in
this table are not comparable to those in the G.11 tables.
(5.) Related depository institutions includes the foreign head office
and other U.S. and foreign branches and agencies of a bank, a bank's
parent holding company, and majority-owned banking subsidiaries of the
bank and of its parent holding company (including subsidiaries owned
both directly and indirectly).
(6.) In some cases, two or more offices of a foreign bank within the
same metropolitan area file a consolidated report.
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