Guide to Statistical Releases and Special Tables.
4.20 DOMESTIC AND FOREIGN OFFICES Insured Commercial Bank Assets and
Liabilities Consolidated Report of Condition, March 31, 2000
Millions of dollars except as noted
Banks
with
foreign
offi-
ces(1)
Item Total Domestic
Total
Total
1 Total assets(3) 5,778,480 5,077,514 4,031,504
2 Cash and balances
due from
depository
institutions 316,665 233,193 246,999
3 Cash items in
process of
collection,
unposted
debits, and
currency
and coin n.a. n.a. 121,781
4 Cash items in
process of
collection
and unposted
debits n.a. n.a. n.a.
5 Currency and
coin n.a. n.a. n.a.
6 Balances due
from depository
institutions
in the United
States n.a. n.a. 32,268
7 Balances due
from banks
in foreign
countries and
foreign central
banks n.a. n.a. 80,628
8 Balances due
from Federal
Reserve Banks n.a. n.a. 12,322
MEMO
9 Non-interest-bearing
balances due from
commercial banks in
the United States
(included in
balances due from
depository institutions
in the United States) n.a. 31,574 n.a.
10 Total securities,
held-to-maturity
(amortized cost) and
available-for-sale
(fair value) 1,038,720 n.a. 611,247
11 U.S. Treasury
securities 107,204 n.a. 72,763
12 U.S. government agency
and corporation
obligations (excludes
mortgage-backed
securities) 209,860 n.a. 70,863
13 Issued by U.S.
government agencies 4,827 n.a. 2,168
14 Issued by U.S.
government-sponsored
agencies 205,033 n.a. 68,678
15 Securities issued by
states and political
subdivisions in the
United States 88,915 n.a. 28,915
16 General obligations 64,774 n.a. 19,993
17 Revenue obligations 23,442 n.a. 8,448
18 Industrial development
and similar
obligations 698 n.a. 474
19 Mortgage-backed securities
(MBS) 455,490 n.a. 301,978
20 Pass-through securities 283,858 n.a. 192,633
21 Guaranteed by GNMA 73,186 n.a. 40,798
22 Issued by FNMA and
FHLMC 207,778 n.a. 150,115
23 Privately issued 2,894 n.a. 1,720
24 Other mortgage-backed
securities
(includes CMOs,
REMICs, and
stripped MBS) 171,632 n.a. 109,346
25 Issued or
guaranteed by
FNMA, FHLMC or
GNMA 120,366 n.a. 75,694
26 Collateralized by
MBS issued or
guaranteed by
FNMA, FHLMC, or
GNMA 4,070 n.a. 3,045
27 All other
mortgage-backed
securities 47,195 n.a. 30,607
28 Other debt securities 138,717 n.a. 110,617
29 Other domestic debt
securities n.a. 52,172
30 Foreign debt securities n.a. n.a. 58,445
31 Equity securities 38,535 n.a. 26,111
32 Investments in mutual
funds and other equity
securities with readily
determinable
fair value 12,380 n.a. 9,018
33 All other equity
securities 26,155 n.a. 17,093
34 Federal funds sold and
securities purchased under
agreements to resell 248,306 203,387 193,124
35 Total loans and
lease-financing
receivables, gross 3,529,307 3,245,392 2,408,250
36 LESS: Unearned income
on loans 3,105 2,528 1,576
37 Total loans and leases
(net of unearned income) 3,526,202 3,242,865 2,406,674
38 LESS: Allowance for loan
and lease losses 58,578 n.a. 40,384
39 LESS: Allocated transfer
risk reserves 113 n.a. 112
40 EQUALS: Total loans and
leases, net 3,467,511 n.a. 2,366,179
Total loans and leases,
gross, by category
41 Loans secured by real estate 1,547,198 1,514,854 908,452
42 Construction and
land development n.a. 140,800 n.a.
43 Farmland n.a. 32,673 n.a.
44 One- to four-family
residential properties n.a. 854,144 n.a.
45 Revolving, open-end
loans, extended
under lines of
credit n.a. 107,989 n.a.
46 All other loans n.a. 746,155 n.a.
47 Multifamily (five or more)
residential properties n.a. 57,021 n.a.
48 Nonfarm nonresidential
properties n.a. 430,216 n.a.
49 Loans to depository
institutions 97,841 81,487 95,937
50 Commercial banks in the
United States n.a. n.a. 64,373
51 Other depository
institutions in the
United States n.a. n.a. 10,139
52 Banks in foreign countries n.a. n.a. 21,425
53 Loans to finance agricultural
production and other loans
to farmers 43,115 42,378 11,031
54 Commercial and industrial
loans 995,291 836,654 796,182
55 U.S. addressees (domicile) n.a. n.a. 649,951
56 Non-U.S. addressees
(domicile) n.a. n.a. 146,231
57 Acceptances of other banks 1,298 683 1,181
58 U.S. banks n.a. n.a. 303
59 Foreign banks n.a. n.a. 877
60 Loans to individuals for
household, family, and
other personal expenditures
(includes purchased paper) 539,023 497,047 315,926
61 Credit cards and
related plans 195,254 n.a. 111,508
62 Other (includes single
payment and installment) 343,769 n.a. 204,417
63 Obligations (other than
securities) of states
and political subdivisions
in the United States
(includes nonrated
industrial development
obligations) 20,107 20,107 13,224
64 All other loans 136,333 108,249 128,271
65 Loans to foreign governments
and official institutions n.a. n.a. 7,000
66 Other loans n.a. n.a. 121,271
67 Loans for purchasing
and carrying
securities n.a. n.a. n.a.
68 All other loans
(excludes consumer
loans) n.a. n.a. n.a.
69 Lease-financing receivables 149,101 143,933 138,047
70 Assets held in trading
accounts 281,570 n.a. 280,913
71 Premises and fixed assets
(including capitalized
leases) 73,210 n.a. 45,573
72 Other real estate owned 3,012 n.a. 1,588
73 Investments in unconsolidated
subsidiaries and associated
companies 9,530 n.a. 9,065
74 Customers' liability on
acceptances outstanding 9,366 n.a. 9,138
75 Net due from own foreign
offices, Edge Act and
agreement subsidiaries,
and IBFs n.a. 21,214 n.a.
76 Intangible assets 98,120 n.a. 82,594
77 All other assets 232,470 n.a. 185,085
78 Total liabilities,
limited-life preferred
stock, and equity capital 5,778,480 n.a. 4,031,504
79 Total liabilities 5,295,958 4,594,992 3,709,902
80 Total deposits 3,848,655 3,209,380 2,546,131
81 Individuals, partnerships,
and corporations 3,445,150 2,989,799 2,243,734
82 U.S. government n.a. 7,285 n.a.
83 States and political
subdivisions in the
United States n.a. 144,986 n.a.
84 Commercial banks in the
United States 83,473 33,025 76,635
85 Other depository
institutions in the
United States n.a. 9,267 n.a.
86 Foreign banks,
governments, and
official institutions 128,994 8,451 128,672
87 Banks n.a. n.a. 93,095
88 Governments and
official
institutions n.a. n.a. 35,577
89 Certified and
official checks 17,818 16,568 10,059
90 Total transaction accounts n.a. 662,388 n.a.
91 Individuals,
partnerships, and
corporations n.a. 566,754 n.a.
92 U.S. government n.a. 1,810 n.a.
93 States and political
subdivisions in the
United States n.a. 43,636 n.a.
94 Commercial banks in
the United States n.a. 23,400 n.a.
95 Other depository
institutions in the
United States n.a. 3,157 n.a.
96 Foreign banks,
governments, and
official
institutions n.a. 7,063 n.a.
97 Banks n.a. n.a. n.a.
98 Governments and
official
institutions n.a. n.a. n.a.
99 Certified and official
checks n.a. 16,568 n.a.
100 Demand deposits
(included
in total
transaction
accounts) n.a. 511,436 n.a.
101 Individuals,
partnerships, and
corporations n.a. 440,838 n.a.
102 U.S. government n.a. 1,604 n.a.
103 States and political
subdivisions in
the United States n.a. 18,847 n.a.
104 Commercial banks in
the United States n.a. 23,380 n.a.
105 Other depository
institutions in
the United States n.a. 3,138 n.a.
106 Foreign banks,
governments, and
official
institutions n.a. 7,060 n.a.
107 Banks n.a. n.a. n.a.
108 Governments and
official
institutions n.a. n.a. n.a.
109 Certified and official
checks n.a. 16,568 n.a.
110 Total nontransaction
accounts n.a. 2,546,992 n.a.
111 Individuals,
partnerships, and
corporations n.a. 2,423,044 n.a.
112 U.S. government n.a. 5,474 n.a.
113 States and political
subdivisions in the
United States n.a. 101,350 n.a.
114 Commercial banks in the
United States n.a. 9,625 n.a.
115 Other depository
institutions in the
United States n.a. 6,110 n.a.
116 Foreign banks,
governments, and
official
institutions n.a. 1,387 n.a.
117 Banks n.a. n.a. n.a.
118 Governments and
official
institutions n.a. n.a. n.a.
119 Federal funds purchased and
securities sold under
agreements to repurchase 471,777 444,878 383,506
120 Demand notes issued to the
U.S. Treasury 35,692 35,692 33,011
121 Trading liabilities 197,122 n.a. 197,023
122 Other borrowed money 498,389 457,284 339,323
123 Banks' liability on
acceptances executed and
outstanding 9,502 7,021 9,274
124 Notes and debentures
subordinated to deposits 78,292 n.a. 74,195
125 Net due to own foreign
offices, Edge Act and
agreement subsidiaries, and
IBFs n.a. 155,703 n.a.
126 All other liabilities 156,529 n.a. 127,440
127 Total equity capital 482,522 n.a. 321,601
MEMO
128 Trading assets at large
banks(4) 281,357 118,148 280,885
129 U.S. Treasury securities
(domestic offices) n.a. 18,170 n.a.
130 U.S. government agency
corporation obligations n.a. 4,163 n.a.
131 Securities issued by
states and political
subdivisions in the
United States n.a. 1,284 n.a.
132 Mortgage-backed securities n.a. 4,747 n.a.
133 Other debt securities n.a. 14,374 n.a.
134 Other trading assets n.a. 9,423 n.a.
135 Trading assets in
foreign banks 163,209 0 163,209
136 Revaluation gains on
interest rate, foreign
exchange rate, and other
commodity and equity
contracts 65,987 65,987 65,870
137 Total individual retirement
(IRA) and Keogh plan
accounts n.a. 147,884 n.a.
138 Total brokered deposits n.a. 108,351 n.a.
139 Fully insured brokered
deposits n.a. 76,619 n.a.
140 Issued in denominations
of less than $100,000 n.a. 12,702 n.a.
141 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. 63,917 n.a.
142 Money market deposit accounts
(MMDAs) n.a. 868,773 n.a.
143 Other savings deposits
(excluding MMDAs) n.a. 432,999 n.a.
144 Total time deposits of less
than $100,000 n.a. 755,203 n.a.
145 Total time deposits of
$100,000 or more n.a. 490,017 n.a.
146 All negotiable order of
withdrawal (NOW) accounts n.a. 148,692 n.a.
147 Number of banks 8,494 8,494 154
Banks
with
foreign Banks with domestic
offi- offices only(2)
ces(1)
Item
Domestic Over 100 Under 100
1 Total assets(3) 3,330,538 1,490,406 256,570
2 Cash and balances
due from
depository
institutions 163,526 57,668 11,999
3 Cash items in
process of
collection,
unposted
debits, and
currency
and coin 118,731 29,742 n.a.
4 Cash items in
process of
collection
and unposted
debits 95,390 19,258 n.a.
5 Currency and
coin 23,340 10,483 n.a.
6 Balances due
from depository
institutions
in the United
States 25,077 18,648 n.a.
7 Balances due
from banks
in foreign
countries and
foreign central
banks 7,470 1,058 n.a.
8 Balances due
from Federal
Reserve Banks 12,249 8,220 n.a.
MEMO
9 Non-interest-bearing
balances due from
commercial banks in
the United States
(included in
balances due from
depository institutions
in the United States) 13,184 13,960 4,430
10 Total securities,
held-to-maturity
(amortized cost) and
available-for-sale
(fair value) n.a. 359,339 68,134
11 U.S. Treasury
securities n.a. 27,927 6,513
12 U.S. government agency
and corporation
obligations (excludes
mortgage-backed
securities) n.a. 104,656 34,341
13 Issued by U.S.
government agencies n.a. 1,967 674
14 Issued by U.S.
government-sponsored
agencies n.a. 102,688 33,667
15 Securities issued by
states and political
subdivisions in the
United States n.a. 48,330 11,670
16 General obligations n.a. 36,422 8,359
17 Revenue obligations n.a. 11,723 3,271
18 Industrial development
and similar
obligations n.a. 184 40
19 Mortgage-backed securities
(MBS) n.a. 140,941 12,571
20 Pass-through securities n.a. 82,777 8,449
21 Guaranteed by GNMA n.a. 29,204 3,184
22 Issued by FNMA and
FHLMC n.a. 52,426 5,238
23 Privately issued n.a. 1,147 27
24 Other mortgage-backed
securities
(includes CMOs,
REMICs, and
stripped MBS) n.a. 58,164 4,122
25 Issued or
guaranteed by
FNMA, FHLMC or
GNMA n.a. 40,896 3,777
26 Collateralized by
MBS issued or
guaranteed by
FNMA, FHLMC, or
GNMA n.a. 907 119
27 All other
mortgage-backed
securities n.a. 16,361 227
28 Other debt securities n.a. 26,276 1,824
29 Other domestic debt
securities n.a. 25,867 n.a.
30 Foreign debt securities n.a. 409 n.a.
31 Equity securities n.a. 11,210 1,215
32 Investments in mutual
funds and other equity
securities with readily
determinable
fair value n.a. 3,081 281
33 All other equity
securities n.a. 8,128 934
34 Federal funds sold and
securities purchased under
agreements to resell 148,205 43,987 11,195
35 Total loans and
lease-financing
receivables, gross 2,124,335 964,281 156,777
36 LESS: Unearned income
on loans 998 1,239 290
37 Total loans and leases
(net of unearned income) 2,123,336 963,041 156,487
38 LESS: Allowance for loan
and lease losses n.a. 16,018 2,176
39 LESS: Allocated transfer
risk reserves n.a. 1 1
40 EQUALS: Total loans and
leases, net n.a. 947,022 154,310
Total loans and leases,
gross, by category
41 Loans secured by real estate 876,109 547,744 91,002
42 Construction and
land development 75,326 57,719 7,755
43 Farmland 6,138 15,409 11,126
44 One- to four-family
residential properties 547,505 262,890 43,748
45 Revolving, open-end
loans, extended
under lines of
credit 77,728 28,069 2,192
46 All other loans 469,778 234,821 41,556
47 Multifamily (five or more)
residential properties 31,974 23,030 2,017
48 Nonfarm nonresidential
properties 215,165 188,695 26,357
49 Loans to depository
institutions 79,583 1,826 77
50 Commercial banks in the
United States 64,090 1,466 n.a.
51 Other depository
institutions in the
United States 9,947 198 n.a.
52 Banks in foreign countries 5,545 163 n.a.
53 Loans to finance agricultural
production and other loans
to farmers 10,293 17,082 15,002
54 Commercial and industrial
loans 637,544 171,668 27,442
55 U.S. addressees (domicile) 628,672 170,850 n.a.
56 Non-U.S. addressees
(domicile) 8,873 818 n.a.
57 Acceptances of other banks 565 108 10
58 U.S. banks 294 n.a. n.a.
59 Foreign banks 272 n.a. n.a.
60 Loans to individuals for
household, family, and
other personal expenditures
(includes purchased paper) 273,950 201,985 21,112
61 Credit cards and
related plans n.a. 82,926 821
62 Other (includes single
payment and installment) n.a. 119,060 20,292
63 Obligations (other than
securities) of states
and political subdivisions
in the United States
(includes nonrated
industrial development
obligations) 13,224 6,140 743
64 All other loans 100,187 7,315 747
65 Loans to foreign governments
and official institutions 1,454 19 n.a.
66 Other loans 98,733 7,297 n.a.
67 Loans for purchasing
and carrying
securities 23,786 1,489 n.a.
68 All other loans
(excludes consumer
loans) 74,946 5,808 n.a.
69 Lease-financing receivables 132,879 10,412 642
70 Assets held in trading
accounts n.a. 654 1
71 Premises and fixed assets
(including capitalized
leases) n.a. 22,610 5,028
72 Other real estate owned n.a. 1,141 284
73 Investments in unconsolidated
subsidiaries and associated
companies n.a. 417 47
74 Customers' liability on
acceptances outstanding n.a. 224 4
75 Net due from own foreign
offices, Edge Act and
agreement subsidiaries,
and IBFs 21,214 n.a. n.a.
76 Intangible assets n.a. 14,659 867
77 All other assets n.a. 42,686 4,699
78 Total liabilities,
limited-life preferred
stock, and equity capital n.a. 1,490,406 256,570
79 Total liabilities 3,008,936 1,356,483 229,573
80 Total deposits 1,906,856 1,084,294 218,230
81 Individuals, partnerships,
and corporations 1,788,383 1,004,882 196,534
82 U.S. government 6,341 824 120
83 States and political
subdivisions in the
United States 64,747 62,305 17,933
84 Commercial banks in the
United States 26,186 5,911 927
85 Other depository
institutions in the
United States 4,260 3,771 1,236
86 Foreign banks,
governments, and
official institutions 8,130 314 7
87 Banks 7,030 304 n.a.
88 Governments and
official
institutions 1,100 10 n.a.
89 Certified and
official checks 8,808 6,285 1,474
90 Total transaction accounts 376,272 223,741 62,375
91 Individuals,
partnerships, and
corporations 316,548 195,825 54,382
92 U.S. government 1,453 312 45
93 States and political
subdivisions in the
United States 20,746 16,750 6,139
94 Commercial banks in
the United States 19,521 3,626 252
95 Other depository
institutions in the
United States 2,426 654 77
96 Foreign banks,
governments, and
official
institutions 6,769 288 6
97 Banks 6,213 278 n.a.
98 Governments and
official
institutions 556 10 n.a.
99 Certified and official
checks 8,808 6,285 1,474
100 Demand deposits
(included in
total
transaction
accounts) 331,781 147,163 32,492
101 Individuals,
partnerships, and
corporations 280,163 131,139 29,536
102 U.S. government 1,308 261 36
103 States and political
subdivisions in
the United States 12,803 4,930 1,113
104 Commercial banks in
the United States 19,507 3,622 251
105 Other depository
institutions in
the United States 2,426 637 75
106 Foreign banks,
governments, and
official
institutions 6,766 288 6
107 Banks 6,213 278 n.a.
108 Governments and
official
institutions 553 10 n.a.
109 Certified and official
checks 8,808 6,285 1,474
110 Total nontransaction
accounts 1,530,584 860,553 155,854
111 Individuals,
partnerships, and
corporations 1,471,836 809,057 142,151
112 U.S. government 4,888 512 75
113 States and political
subdivisions in the
United States 44,001 45,555 11,794
114 Commercial banks in the
United States 6,665 2,285 675
115 Other depository
institutions in the
United States 1,833 3,118 1,159
116 Foreign banks,
governments, and
official
institutions 1,361 26 0
117 Banks 817 26 n.a.
118 Governments and
official
institutions 544 0 n.a.
119 Federal funds purchased and
securities sold under
agreements to repurchase 356,607 85,206 3,066
120 Demand notes issued to the
U.S. Treasury 33,011 2,604 77
121 Trading liabilities n.a. 94 5
122 Other borrowed money 298,218 152,854 6,212
123 Banks' liability on
acceptances executed and
outstanding 6,793 224 4
124 Notes and debentures
subordinated to deposits n.a. 4,077 19
125 Net due to own foreign
offices, Edge Act and
agreement subsidiaries, and
IBFs 155,703 n.a. n.a.
126 All other liabilities n.a. 27,130 1,960
127 Total equity capital n.a. 133,923 26,998
MEMO
128 Trading assets at large
banks(4) 117,676 472 n.a.
129 U.S. Treasury securities
(domestic offices) 18,155 15 n.a.
130 U.S. government agency
corporation obligations 4,076 87 n.a.
131 Securities issued by
states and political
subdivisions in the
United States 1,264 20 n.a.
132 Mortgage-backed securities 4,645 101 n.a.
133 Other debt securities 14,374 0 n.a.
134 Other trading assets 9,291 132 n.a.
135 Trading assets in
foreign banks 0 0 n.a.
136 Revaluation gains on
interest rate, foreign
exchange rate, and other
commodity and equity
contracts 65,870 117 n.a.
137 Total individual retirement
(IRA) and Keogh plan
accounts 79,754 57,167 10,963
138 Total brokered deposits 64,377 42,344 1,630
139 Fully insured brokered
deposits 36,540 38,611 1,467
140 Issued in denominations
of less than $100,000 4,683 7,063 957
141 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 31,857 31,548 511
142 Money market deposit accounts
(MMDAs) 614,652 228,968 25,152
143 Other savings deposits
(excluding MMDAs) 270,103 142,617 20,278
144 Total time deposits of less
than $100,000 359,690 316,620 78,892
145 Total time deposits of
$100,000 or more 286,138 172,347 31,532
146 All negotiable order of
withdrawal (NOW) accounts 44,166 75,274 29,252
147 Number of banks n.a. 3,109 5,231
NOTE. The notation "n.a." indicates the lesser detail available from
banks that don't 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 intraoffice
transactions are nullified by consolidation, total assets and total
liabilities for the entire bank may not equal the sum of 4 assets
and liabilities respectively of the domestic and foreign offices.
Foreign offices include branches in foreign countries, Puerto Rico,
and U.S. territories and possessions; subsidiaries in foreign
countries; all offices of Edge Act and agreement corporations
wherever located; and IBFs.
(2.) "Over 100" refers to banks whose assets, on June 30 of the
preceding calendar year, were $100 million or more. (These banks
file the FFIEC 033 or FFIEC 033 Call Report.) "Under 100" refers
to banks whose assets, on June 30 of the preceding calendar year,
were less than $100 million. (These banks file the FFIEC 034
Call Report.)
(3.) Because the domestic portion of allowances for loan and lease
losses and allocated Transfer risk reserves are not reported for
banks with foreign offices, the components of total assets
(domestic) do not sum to the actual total (domestic).
(4.) Components of "Trading assets at large banks" are reported only
by banks with either total assets of $1 billion or more or with $2
billion or more in the par/notional amount of their off-balance-sheet
derivative contracts.
4.23 TERMS OF LENDING AT COMMERCIAL BANKS Survey of Loans Made,
May 1-5, 2000
A. Commercial and industrial loans made by all commercial banks(1)
Weighted-
average Amount of Average loan
Item effective loans size
loan rate (millions (thousands of
(percent)(2) of dollars) dollars)
LOAN RISK(5)
1 All commercial and
industrial loans 7.78 134,548 681
2 Minimal risk 6.82 27,790 3,303
3 Low risk 7.15 20,513 1,168
4 Moderate risk 7.97 38,722 585
5 Other 8.63 24,608 418
By maturity/repricing
interval(6)
6 Zero interval 8.92 27,668 382
7 Minimal risk 9.42 529 310
8 Low risk 7.93 2,272 414
9 Moderate risk 8.80 11,187 381
10 Other 9.56 5,864 208
11 Daily 7.21 64,053 1,249
12 Minimal risk 6.52 17,738 19,725
13 Low risk 6.94 10,067 3,547
14 Moderate risk 7.34 16,798 1,355
15 Other 7.77 8,916 800
16 2 to 30 days 7.60 18,757 1,104
17 Minimal risk 7.16 5,146 5,069
18 Low risk 6.98 3,350 2,297
19 Moderate risk 7.81 4,392 759
20 Other 8.59 3,990 538
21 31 to 365 days 8.04 17,903 504
22 Minimal risk 7.17 3,523 962
23 Low risk 7.46 3,719 677
24 Moderate risk 8.10 4,176 350
25 Other 9.00 4,816 721
26 More than 365 days 8.37 5,118 283
27 Minimal risk 7.90 848 787
28 Low risk 6.73 964 457
29 Moderate risk 8.74 1,842 361
30 Other 9.23 851 202
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 9.94 3,356 3.3
32 100-999 9.26 13,562 3.2
33 1,000-9,999 8.30 37,099 3.0
34 10,000 or more 7.20 80,530 2.3
BASE RATE OF LOAN(4)
35 Prime(7) 9.54 31,988 3.2
36 Fed funds 6.88 34,234 2.7
37 Other domestic 7.06 13,265 2.3
38 Foreign 7.37 39,432 1.9
39 Other 7.81 15,629 3.0
Weighted-
average Amount of loans
maturity(3) (percent)
Item
Secured by
Days collateral Callable
LOAN RISK(5)
1 All commercial and
industrial loans 408 44.0 9.5
2 Minimal risk 367 60.5 3.2
3 Low risk 368 13.9 12.1
4 Moderate risk 478 45.8 12.6
5 Other 364 39.1 8.9
By maturity/repricing
interval(6)
6 Zero interval 407 55.0 10.8
7 Minimal risk 709 56.6 62.8
8 Low risk 341 31.0 13.5
9 Moderate risk 353 61.0 8.8
10 Other 631 72.1 21.2
11 Daily 197 45.3 9.5
12 Minimal risk 128 80.0 .5
13 Low risk 254 6.7 12.6
14 Moderate risk 232 31.6 15.8
15 Other 120 23.6 5.0
16 2 to 30 days 377 26.7 6.6
17 Minimal risk 698 21.7 2.1
18 Low risk 237 13.2 17.3
19 Moderate risk 359 41.1 8.9
20 Other 158 30.3 3.1
21 31 to 365 days 525 34.1 4.0
22 Minimal risk 784 32.5 .3
23 Low risk 366 19.3 5.0
24 Moderate risk 640 49.0 8.4
25 Other 315 27.2 1.6
Months
26 More than 365 days 83 60.1 16.3
27 Minimal risk 46 8.4 41.0
28 Low risk 65 30.1 .6
29 Moderate risk 99 81.2 16.3
30 Other 86 74.8 18.0
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 195 86.1 28.3
32 100-999 120 75.3 19.9
33 1,000-9,999 105 48.8 8.8
34 10,000 or more 40 34.7 7.3
BASE RATE OF LOAN(4)
35 Prime(7) 128 75.1 16.5
36 Fed funds 24 30.4 8.6
37 Other domestic 36 8.1 19.7
38 Foreign 30 46.1 2.2
39 Other 181 34.9 6.9
Amount of loans
(percent)
Most
common
Item base pricing
rate(4)
Subject to
prepayment Made under
penalty commitment
LOAN RISK(5)
1 All commercial and
industrial loans 31.3 76.6 Foreign
2 Minimal risk 84.4 97.8 Foreign
3 Low risk 33.9 81.8 Foreign
4 Moderate risk 18.6 75.5 Prime
5 Other 7.9 67.8 Fed funds
By maturity/repricing
interval(6)
6 Zero interval 2.2 69.4 Prime
7 Minimal risk 6.3 99.8 Prime
8 Low risk 10.7 94.7 Prime
9 Moderate risk 1.7 93.4 Prime
10 Other 1.9 86.6 Prime
11 Daily 41.5 75.2 Fed funds
12 Minimal risk 97.0 99.6 Foreign
13 Low risk 41.3 72.8 Fed funds
14 Moderate risk 20.2 61.5 Fed funds
15 Other 1.9 45.3 Fed funds
16 2 to 30 days 46.2 77.7 Foreign
17 Minimal risk 86.0 93.6 Foreign
18 Low risk 35.4 83.0 Foreign
19 Moderate risk 40.5 76.7 Foreign
20 Other 8.6 61.7 Foreign
21 31 to 365 days 30.9 90.9 Foreign
22 Minimal risk 37.8 96.1 Foreign
23 Low risk 36.0 94.0 Foreign
24 Moderate risk 34.5 91.3 Foreign
25 Other 26.1 88.8 Foreign
26 More than 365 days 12.5 75.2 Prime
27 Minimal risk 19.5 93.6 Other
28 Low risk 3.7 92.2 Fed funds
29 Moderate risk 22.0 53.1 Prime
30 Other 6.1 78.7 Fed funds
SIZE OF LOAN
(thousands of dollars)
31 1-99 2.0 75.8 Prime
32 100-999 6.9 84.3 Prime
33 1,000-9,999 20.5 78.4 Prime
34 10,000 or more 41.6 74.5 Fed funds
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 1.8 80.2 242
36 Fed funds 22.3 56.2 8,048
37 Other domestic 69.4 73.9 4,170
38 Foreign 57.8 92.5 3,683
39 Other 10.8 76.2 331
B. Commercial and industrial loans made by all domestic banks(1)
Weighted-
average Amount of Average loan
Item effective loans size
loan rate (millions (thousands of
(percent)(2) of dollars) dollars)
LOAN RISK(5)
1 All commercial and
industrial loans 8.06 90,036 474
2 Minimal risk 6.97 13,680 1,901
3 Low risk 7.19 13,730 827
4 Moderate risk 8.17 30,811 480
5 Other 8.95 14,706 261
By maturity/repricing
interval(6)
6 Zero interval 8.91 27,119 381
7 Minimal risk 9.32 462 324
8 Low risk 8.01 2,144 394
9 Moderate risk 8.79 11,032 380
10 Other 9.52 5,665 204
11 Daily 7.51 34,979 713
12 Minimal risk 6.60 6,694 9,820
13 Low risk 6.96 6,193 2,461
14 Moderate risk 7.50 11,072 935
15 Other 8.15 4,849 458
16 2 to 30 days 7.62 12,287 788
17 Minimal risk 7.19 4,185 5,248
18 Low risk 7.00 2,339 1,788
19 Moderate risk 7.94 3,170 592
20 Other 9.14 1,645 236
21 31 to 365 days 7.97 9,812 298
22 Minimal risk 6.75 1,489 471
23 Low risk 7.43 1,962 386
24 Moderate risk 8.18 3,369 297
25 Other 8.99 1,534 272
26 More than 365 days 8.37 5,094 282
27 Minimal risk 7.89 843 787
28 Low risk 6.70 950 452
29 Moderate risk 8.74 1,842 361
30 Other 9.23 845 201
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 9.95 3,320 3.3
32 100-999 9.34 12,264 3.3
33 1,000-9,999 8.51 27,796 3.0
34 10,000 or more 7.31 46,655 2.3
BASE RATE OF LOAN(4)
35 Prime(7) 9.50 29,961 3.2
36 Fed funds 6.73 17,356 2.3
37 Other domestic 6.99 10,885 2.3
38 Foreign 7.74 17,579 2.3
39 Other 7.83 14,256 2.9
Weighted-
average Amount of loans
maturity(3) (percent)
Item
Secured by
Days collateral Callable
LOAN RISK(5)
1 All commercial and
industrial loans 566 45.8 13.2
2 Minimal risk 535 35.4 5.9
3 Low risk 506 20.1 16.4
4 Moderate risk 602 52.7 15.3
5 Other 567 57.1 14.2
By maturity/repricing
interval(6)
6 Zero interval 407 54.7 10.8
7 Minimal risk 709 51.2 57.4
8 Low risk 363 32.7 14.2
9 Moderate risk 352 60.7 8.9
10 Other 632 71.2 21.9
11 Daily 355 41.7 16.6
12 Minimal risk 297 58.6 1.3
13 Low risk 333 10.8 19.8
14 Moderate risk 376 39.5 22.6
15 Other 216 32.8 8.3
16 2 to 30 days 543 30.8 9.4
17 Minimal risk 803 9.3 2.6
18 Low risk 333 18.9 20.9
19 Moderate risk 458 53.1 12.3
20 Other 352 57.3 7.6
21 31 to 365 days 619 46.0 5.6
22 Minimal risk 314 15.2 .1
23 Low risk 629 33.3 4.7
24 Moderate risk 762 50.9 9.9
25 Other 489 70.1 1.7
Months
26 More than 365 days 83 60.0 16.3
27 Minimal risk 46 7.9 40.6
28 Low risk 64 29.1 .7
29 Moderate risk 99 81.2 16.3
30 Other 87 75.3 18.1
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 197 86.4 28.4
32 100-999 129 78.0 20.9
33 1,000-9,999 132 55.1 10.3
34 10,000 or more 61 28.9 11.8
BASE RATE OF LOAN(4)
35 Prime(7) 134 77.0 15.5
36 Fed funds 41 39.8 16.9
37 Other domestic 43 9.8 24.0
38 Foreign 45 29.9 3.6
39 Other 195 34.4 7.5
Amount of loans
(percent)
Most
Item common
base pricing
rate(4)
Subject to
prepayment Made under
penalty commitment
LOAN RISK(5)
1 All commercial and
industrial loans 25.7 78.3 Prime
2 Minimal risk 77.6 95.7 Fed funds
3 Low risk 42.2 85.4 Domestic
4 Moderate risk 18.8 80.8 Prime
5 Other 7.3 75.9 Prime
By maturity/repricing
interval(6)
6 Zero interval 2.2 69.1 Prime
7 Minimal risk 7.2 99.8 Prime
8 Low risk 11.3 94.4 Prime
9 Moderate risk 1.7 93.4 Prime
10 Other 2.0 87.3 Prime
11 Daily 38.8 79.4 Fed funds
12 Minimal risk 96.2 98.9 Fed funds
13 Low risk 61.0 82.1 Domestic
14 Moderate risk 28.7 67.0 Fed funds
15 Other 2.4 55.3 Fed funds
16 2 to 30 days 46.0 86.4 Foreign
17 Minimal risk 84.5 92.3 Foreign
18 Low risk 38.6 79.2 Domestic
19 Moderate risk 31.4 87.5 Foreign
20 Other 9.6 76.8 Prime
21 31 to 365 days 27.2 90.4 Foreign
22 Minimal risk 9.9 90.8 Foreign
23 Low risk 42.8 89.3 Foreign
24 Moderate risk 31.1 93.0 Foreign
25 Other 41.5 94.0 Foreign
26 More than 365 days 12.5 75.1 Prime
27 Minimal risk 19.7 93.6 Other
28 Low risk 3.7 92.1 Fed funds
29 Moderate risk 22.0 53.1 Prime
30 Other 6.1 78.5 Fed funds
SIZE OF LOAN
(thousands of dollars)
31 1-99 1.7 75.8 Prime
32 100-999 4.0 84.1 Prime
33 1,000-9,999 14.7 80.1 Prime
34 10,000 or more 39.8 75.9 Fed funds
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 1.5 79.1 230
36 Fed funds 38.3 62.2 7,218
37 Other domestic 62.8 89.0 3,935
38 Foreign 42.8 83.3 2,239
39 Other 10.6 82.0 304
C. Commercial and industrial loans made by large domestic banks(1)
Weighted-
average Amount of Average loan
Item effective loans size
loan rate (millions (thousands of
(percent)(2) of dollars) dollars)
LOAN RISK(5)
1 All commercial and
industrial loans 7.90 80,081 861
2 Minimal risk 6.93 13,105 9,257
3 Low risk 7.04 12,543 2,835
4 Moderate risk 8.01 27,031 979
5 Other 8.78 12,071 372
By maturity/repricing
interval(6)
6 Zero interval 8.80 23,007 724
7 Minimal risk 9.53 379 1,061
8 Low risk 7.80 1,638 1,185
9 Moderate risk 8.65 9,551 767
10 Other 9.41 4,370 304
11 Daily 7.43 33,700 820
12 Minimal risk 6.57 6,630 18,311
13 Low risk 6.92 6,065 3,754
14 Moderate risk 7.37 10,429 1,213
15 Other 8.06 4,652 528
16 2 to 30 days 7.55 11,072 1,197
17 Minimal risk 7.20 4,010 18,561
18 Low risk 6.89 2,170 4,334
19 Moderate risk 7.89 2,647 1,051
20 Other 9.15 1,389 262
21 31 to 365 days 7.79 8,355 1,496
22 Minimal risk 6.65 1,300 4,273
23 Low risk 7.25 1,773 2,787
24 Moderate risk 8.03 2,879 1,656
25 Other 8.76 1,221 584
26 More than 365 days 7.73 3,257 1,272
27 Minimal risk 7.72 780 5,450
28 Low risk 6.26 760 5,859
29 Moderate risk 8.44 1,210 1,339
30 Other 8.52 301 334
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 9.78 1,637 3.5
32 100-999 9.28 8,676 3.4
33 1,000-9,999 8.42 23,982 3.0
34 10,000 or more 7.30 45,786 2.3
BASE RATE OF LOAN(4)
35 Prime(7) 9.40 23,793 3.2
36 Fed funds 6.68 16,870 2.3
37 Other domestic 6.97 10,731 2.3
38 Foreign 7.74 16,147 2.2
39 Other 7.70 12,539 2.9
Weighted-
average Amount of loans
maturity(3) (percent)
Item
Secured by
Days collateral Callable
LOAN RISK(5)
1 All commercial and
industrial loans 499 41.8 11.8
2 Minimal risk 529 33.1 5.6
3 Low risk 489 16.3 15.7
4 Moderate risk 508 48.9 13.4
5 Other 484 50.9 11.8
By maturity/repricing
interval(6)
6 Zero interval 409 51.7 7.3
7 Minimal risk 755 54.5 58.3
8 Low risk 354 29.7 4.9
9 Moderate risk 345 57.8 5.4
10 Other 670 67.5 19.2
11 Daily 338 40.0 16.5
12 Minimal risk 296 58.2 1.3
13 Low risk 326 9.9 20.2
14 Moderate risk 323 36.2 23.4
15 Other 210 30.3 7.4
16 2 to 30 days 576 27.0 9.1
17 Minimal risk 834 5.3 2.7
18 Low risk 303 14.2 21.0
19 Moderate risk 516 52.5 11.0
20 Other 388 55.6 8.1
21 31 to 365 days 618 39.6 3.7
22 Minimal risk 217 4.1 .0
23 Low risk 659 28.3 3.9
24 Moderate risk 807 45.9 6.0
25 Other 564 66.0 1.3
Months
26 More than 365 days 64 42.1 10.1
27 Minimal risk 44 .9 40.5
28 Low risk 67 17.3 .3
29 Moderate risk 75 78.8 .4
30 Other 84 31.4 1.4
Weighted-
average
maturity/
repricing
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 48 86.3 33.5
32 100-999 39 76.2 19.5
33 1,000-9,999 46 51.5 8.0
34 10,000 or more 60 28.6 11.5
BASE RATE OF LOAN(4)
35 Prime(7) 49 75.2 12.1
36 Fed funds 24 39.2 15.8
37 Other domestic 38 8.6 24.1
38 Foreign 42 28.2 3.6
39 Other 134 27.8 5.9
Amount of loans
(percent)
Most
Item common
base pricing
rate(4)
Subject to
prepayment Made under
penalty commitment
LOAN RISK(5)
1 All commercial and
industrial loans 27.3 78.4 Prime
2 Minimal risk 79.4 98.3 Fed funds
3 Low risk 46.1 85.9 Domestic
4 Moderate risk 18.6 80.9 Prime
5 Other 6.7 75.2 Prime
By maturity/repricing
interval(6)
6 Zero interval 2.0 66.5 Prime
7 Minimal risk 8.8 100.0 Prime
8 Low risk 13.7 95.0 Other
9 Moderate risk 1.5 95.7 Prime
10 Other .9 89.7 Prime
11 Daily 40.1 79.1 Fed funds
12 Minimal risk 97.2 99.8 Fed funds
13 Low risk 62.3 82.1 Domestic
14 Moderate risk 30.3 65.7 Fed funds
15 Other 2.1 53.9 Fed funds
16 2 to 30 days 46.2 87.3 Foreign
17 Minimal risk 84.6 95.6 Foreign
18 Low risk 41.6 78.3 Domestic
19 Moderate risk 27.1 85.7 Foreign
20 Other 2.9 78.1 Prime
21 31 to 365 days 30.0 94.8 Foreign
22 Minimal risk 5.2 98.3 Foreign
23 Low risk 47.4 92.9 Foreign
24 Moderate risk 34.2 96.0 Foreign
25 Other 50.2 95.4 Foreign
26 More than 365 days 6.5 78.2 Other
27 Minimal risk 22.6 99.2 Other
28 Low risk 4.4 99.7 Fed funds
29 Moderate risk 3.1 46.3 Prime
30 Other 5.4 89.7 Fed funds
SIZE OF LOAN
(thousands of dollars)
31 1-99 1.3 85.5 Prime
32 100-999 2.4 86.9 Prime
33 1,000-9,999 14.6 79.5 Prime
34 10,000 or more 39.7 75.9 Fed funds
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) .3 78.5 320
36 Fed funds 39.4 61.2 12,270
37 Other domestic 63.6 89.7 8,584
38 Foreign 41.7 83.6 2,565
39 Other 11.2 84.7 1,282
D. Commercial and industrial loans made by small domestic banks(1)
Weighted-
average Amount of Average loan
Item effective loans size
loan rate (millions (thousands of
(percent)(2) of dollars) dollars)
LOAN RISK(5)
1 All commercial and
industrial loans 9.31 9,955 103
2 Minimal risk 7.96 575 99
3 Low risk 8.68 1,187 97
4 Moderate risk 9.32 3,781 103
5 Other 9.75 2,635 111
By maturity/repricing
interval(6)
6 Zero interval 9.58 4,113 104
7 Minimal risk 8.36 84 78
8 Low risk 8.66 506 125
9 Moderate risk 9.66 1,481 89
10 Other 9.90 1,295 96
11 Daily 9.62 1,279 161
12 Minimal risk 9.99 64 200
13 Low risk 8.66 128 142
14 Moderate risk 9.66 643 198
15 Other 10.17 197 111
16 2 to 30 days 8.21 1,216 191
17 Minimal risk 6.84 175 300
18 Low risk 8.39 169 209
19 Moderate risk 8.23 523 184
20 Other 9.10 255 152
21 31 to 365 days 9.02 1,457 53
22 Minimal risk 7.48 189 66
23 Low risk 9.19 189 43
24 Moderate risk 9.03 490 51
25 Other 9.86 313 88
26 More than 365 days 9.50 1,837 119
27 Minimal risk 9.95 63 68
28 Low risk 8.46 190 96
29 Moderate risk 9.32 632 150
30 Other 9.62 545 165
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 10.11 1,683 3.1
32 100-999 9.50 3,589 3.0
33 1,000-9,999 9.09 3,814 3.2
34 10,000 or more 7.94 870 2.7
BASE RATE OF LOAN(4)
35 Prime(7) 9.88 6,168 3.2
36 Fed funds 8.40 486 3.1
37 Other domestic 8.88 153 3.1
38 Foreign 7.75 1,432 2.9
39 Other 8.85 1,717 2.9
Weighted-
average Amount of loans
maturity(3) (percent)
Item
Secured by
Days collateral Callable
LOAN RISK(5)
1 All commercial and
industrial loans 1,099 78.0 24.5
2 Minimal risk 699 87.1 12.9
3 Low risk 679 59.9 24.2
4 Moderate risk 1,240 79.7 28.9
5 Other 951 85.4 25.2
By maturity/repricing
interval(6)
6 Zero interval 392 71.7 30.3
7 Minimal risk 443 36.4 53.4
8 Low risk 395 42.3 44.3
9 Moderate risk 398 79.3 31.4
10 Other 507 83.8 31.0
11 Daily 773 86.8 19.6
12 Minimal risk 367 100.0 1.8
13 Low risk 608 52.8 .0
14 Moderate risk 1,098 93.2 9.6
15 Other 391 90.9 30.8
16 2 to 30 days 207 65.9 12.0
17 Minimal risk 78 99.9 .0
18 Low risk 723 79.4 19.2
19 Moderate risk 113 56.6 18.9
20 Other 139 66.7 4.7
21 31 to 365 days 623 82.6 16.2
22 Minimal risk 980 91.4 .6
23 Low risk 336 79.5 11.9
24 Moderate risk 502 80.4 32.6
25 Other 204 86.2 3.5
Months
26 More than 365 days 117 91.9 27.3
27 Minimal risk 71 93.3 42.4
28 Low risk 53 76.2 2.0
29 Moderate risk 146 85.8 46.8
30 Other 89 99.6 27.3
Weighted-
average
maturity/
repricing/
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 336 86.5 23.3
32 100-999 341 82.6 24.2
33 1,000-9,999 660 77.6 24.7
34 10,000 or more 113 44.2 26.5
BASE RATE OF LOAN(4)
35 Prime(7) 459 84.3 28.6
36 Fed funds 655 60.2 55.1
37 Other domestic 395 95.4 12.4
38 Foreign 78 49.6 4.0
39 Other 639 82.5 18.9
Amount of loans
(percent)
Most
Item common
base pricing
rate(4)
Subject to
prepayment Made under
penalty commitment
LOAN RISK(5)
1 All commercial and
industrial loans 12.9 78.0 Prime
2 Minimal risk 38.3 34.7 Prime
3 Low risk 2.2 80.8 Prime
4 Moderate risk 20.3 80.3 Prime
5 Other 10.0 79.0 Prime
By maturity/repricing
interval(6)
6 Zero interval 3.3 83.6 Prime
7 Minimal risk * 98.8 Prime
8 Low risk 3.4 92.7 Prime
9 Moderate risk 3.1 78.6 Prime
10 Other 5.6 79.4 Prime
11 Daily 2.8 85.4 Prime
12 Minimal risk .0 2.5 Prime
13 Low risk .0 84.1 Prime
14 Moderate risk 2.5 88.1 Prime
15 Other 10.0 89.1 Prime
16 2 to 30 days 43.8 78.2 Foreign
17 Minimal risk 83.4 15.5 Foreign
18 Low risk * 90.7 Prime
19 Moderate risk 52.4 96.8 Foreign
20 Other 44.1 69.4 Foreign
21 31 to 365 days 11.9 65.2 Other
22 Minimal risk 39.4 38.5 Other
23 Low risk 3.7 56.2 Other
24 Moderate risk 13.4 75.6 Other
25 Other 7.5 88.6 Prime
26 More than 365 days 22.0 69.5 Prime
27 Minimal risk * 24.1 Prime
28 Low risk 1.0 61.8 Other
29 Moderate risk 58.0 66.3 Prime
30 Other 6.5 72.4 Fed funds
SIZE OF LOAN
(thousands of dollars)
31 1-99 2.1 66.4 Prime
32 100-999 7.7 77.3 Prime
33 1,000-9,999 15.1 84.0 Prime
34 10,000 or more 45.5 76.6 Foreign
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 6.2 81.3 111
36 Fed funds .3 97.6 472
37 Other domestic 5.2 39.3 101
38 Foreign 55.1 79.8 920
39 Other 6.1 62.3 46
E. Commercial and industrial loans made by U.S. branches and agencies
of foreign banks(1)
Weighted-
average Amount of Average loan
Item effective loans size
loan rate (millions (thousands of
(percent)(2) of dollars) dollars)
LOAN RISK(5)
1 All commercial and
industrial loans 7.23 44,511 5,856
2 Minimal risk 6.67 14,110 11,568
3 Low risk 7.07 6,784 7,167
4 Moderate risk 7.22 7,910 4,106
5 Other 8.15 9,902 3,944
By maturity/repricing
interval(6)
6 Zero interval 9.31 549 484
7 Minimal risk 10.13 66 238
8 Low risk * * *
9 Moderate risk 9.59 155 444
10 Other 10.52 199 438
11 Daily 6.84 29,074 13,105
12 Minimal risk 6.47 11,045 50,748
13 Low risk 6.91 3,873 12,020
14 Moderate risk 7.02 5,726 10,379
15 Other 7.31 4,068 7,328
16 2 to 30 days 7.58 6,469 4,671
17 Minimal risk 7.02 961 4,416
18 Low risk 6.94 1,011 6,736
19 Moderate risk 7.47 1,222 2,841
20 Other 8.20 2,345 5,451
21 31 to 365 days 8.12 8,090 3,064
22 Minimal risk 7.48 2,034 4,059
23 Low risk 7.49 1,757 4,250
24 Moderate risk 7.77 807 1,356
25 Other 9.00 3,282 3,158
26 More than 365 days * * *
27 Minimal risk * * *
28 Low risk * * *
29 Moderate risk * * *
30 Other * * *
Weighted-
average risk
rating(5)
SIZE OF LOAN
(thousands of dollars)
31 1-99 9.18 35 3.1
32 100-999 8.48 1,298 3.0
33 1,000-9,999 7.67 9,303 2.8
34 10,000 or more 7.05 33,875 2.2
BASE RATE OF LOAN(4)
35 Prime(7) 10.08 2,027 3.2
36 Fed funds 7.04 16,878 3.1
37 Other domestic 7.35 2,380 2.7
38 Foreign 7.07 21,853 1.7
39 Other 7.54 1,373 4.3
Weighted-
average Amount of loans
maturity(3) (percent)
Item
Secured by
Days collateral Callable
LOAN RISK(5)
1 All commercial and
industrial loans 112 40.3 2.0
2 Minimal risk 201 84.8 .6
3 Low risk 112 1.3 3.4
4 Moderate risk 41 19.0 2.1
5 Other 103 12.3 1.0
By maturity/repricing
interval(6)
6 Zero interval 395 70.7 13.6
7 Minimal risk * 94.6 100.0
8 Low risk * * *
9 Moderate risk 453 80.1 2.2
10 Other 626 98.9 1.7
11 Daily 30 49.5 .8
12 Minimal risk 23 92.9 *
13 Low risk 144 .1 1.1
14 Moderate risk 1 16.2 2.6
15 Other 10 12.7 1.1
16 2 to 30 days 75 18.9 1.4
17 Minimal risk 241 75.7 *
18 Low risk 20 * 8.9
19 Moderate risk 118 9.8 *
20 Other 34 11.4 *
21 31 to 365 days 414 19.7 2.1
22 Minimal risk 1,129 45.1 .5
23 Low risk 79 3.7 5.3
24 Moderate risk 150 40.9 2.0
25 Other 235 7.2 1.6
Months
26 More than 365 days * * *
27 Minimal risk * * *
28 Low risk * * *
29 Moderate risk * * *
30 Other * * *
Weighted-
average
maturity/
repricing/
interval(6)
Days
SIZE OF LOAN
(thousands of dollars)
31 1-99 18 58.2 19.2
32 100-999 41 49.8 11.2
33 1,000-9,999 25 29.8 4.3
34 10,000 or more 12 42.8 1.0
BASE RATE OF LOAN(4)
35 Prime(7) 39 46.0 30.7
36 Fed funds 6 20.8 *
37 Other domestic 6 .1 *
38 Foreign 19 59.2 1.1
39 Other 46 40.2 1.3
Amount of loans
(percent)
Most
Item common
base pricing
rate(4)
Subject to
prepayment Made under
penalty commitment
LOAN RISK(5)
1 All commercial and
industrial loans 42.5 73.2 Foreign
2 Minimal risk 90.8 100.0 Foreign
3 Low risk 17.4 74.4 Foreign
4 Moderate risk 17.6 54.8 Fed funds
5 Other 8.7 55.8 Fed funds
By maturity/repricing
interval(6)
6 Zero interval 1.1 86.9 Prime
7 Minimal risk * 100.0 Prime
8 Low risk * * *
9 Moderate risk 2.1 96.5 Prime
10 Other .2 66.9 Prime
11 Daily 44.8 70.2 Fed funds
12 Minimal risk 97.5 100.0 Foreign
13 Low risk 9.8 57.8 Fed funds
14 Moderate risk 3.9 50.8 Fed funds
15 Other 1.4 33.3 Fed funds
16 2 to 30 days 46.7 61.1 Foreign
17 Minimal risk 92.5 99.4 Foreign
18 Low risk 28.3 91.8 Foreign
19 Moderate risk 63.6 48.7 Fed funds
20 Other 7.9 51.1 Fed Funds
21 31 to 365 days 35.2 91.6 Foreign
22 Minimal risk 56.6 100.0 Foreign
23 Low risk 29.2 99.2 Foreign
24 Moderate risk 48.3 83.9 Foreign
25 Other 19.0 86.3 Foreign
26 More than 365 days * * *
27 Minimal risk * * *
28 Low risk * * *
29 Moderate risk * * *
30 Other * * *
SIZE OF LOAN
(thousands of dollars)
31 1-99 23.0 73.9 Prime
32 100-999 34.3 86.2 Foreign
33 1,000-9,999 37.8 73.3 Foreign
34 10,000 or more 44.1 72.6 Foreign
Average size
(thousands
of dollars)
BASE RATE OF LOAN(4)
35 Prime(7) 6.1 96.0 977
36 Fed funds 5.8 50.1 9,128
37 Other domestic 99.7 4.7 5,735
38 Foreign 69.9 99.9 7,660
39 Other 12.5 15.4 3,362
NOTES TO TABLE 4.23
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 fifty 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 December 31, 1996, assets of most of the large banks were
at least $7.0 billion. Median total assets for all insured banks were
roughly $62 million. Assets at all U.S. branches and agencies averaged
1.3 billion.
(2.) Effective (compounded) annual interest rates are calculated from
the stated rate and other terms of the loans and weighted by loan
amount. The standard error of the loan rate for all commercial and
industrial loans in the current survey (line 1, column 1) is 0.16
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 ratings published for loans in rows 31-39 are
calculated by assigning a value of "1" to minimal risk loans; "2" to
low risk loans; "3" to moderate risk loans, "4" to acceptable risk
loans; and "5" to special mention and classified loans. These values
are weighted by loan amount and exclude loans with no risk rating. Some
of the loans in lines 1, 6, 11, 16, 21, 26, and 31-39 are not rated for
risk.
(6.) The maturity/repricing interval measures the period from the
date the loan is made until it first may reprice or it matures. For
floating-rate loans that are subject to repricing at any time--such as
many prime-based loans--the maturity/repricing interval is zero. For
floating-rate loans that have a scheduled repricing interval, the
maturity/repricing interval measures the number of days between the
date the loan is made and the date on which it is next scheduled to
reprice. For loans having rates that remain fixed until the loan
matures (fixed-rate loans), the maturity/repricing interval measures
the number of days between the date the loan is made and the date on
which it matures. Loans that reprice daily mature or reprice on the
business day after they are made. Owing to weekends and holidays, such
loans may have maturity/repricing intervals in excess of one day; such
loans are not included in the "2 to 30 day" category.
(7.) For the current survey, the average reported prime rate, weighted
by the amount of loans priced relative to a prime base rate, was 9.02
percent for all banks; 9.00 percent for large domestic banks, 9.10
percent for small domestic banks; and 9.00 percent for U.S. branches
and agencies of foreign banks.
4.30 ASSETS AND LIABILITIES of U.S. Branches and Agencies of Foreign
Banks, March 31, 2000(1)
Millions of dollars except as noted
All states(2)
Item
Total
including IBFs
IBFs(3) only(3)
1 Total assets(4) 903,989 171,051
2 Claims on nonrelated parties 730,694 83,792
3 Cash and balances due from depository
institutions 82,887 37,430
4 Cash items in process of collection and
unposted debits 2,656 0
5 Currency and coin (U.S. and foreign) 17 n.a.
6 Balances with depository institutions in
United States 51,587 13,571
7 U.S. branches and agencies of other
foreign banks (including IBFs) 43,733 12,898
8 Other depository institutions in United
States (including IBFs) 7,854 673
9 Balances with banks in foreign countries
and with foreign central banks 28,265 23,859
10 Foreign branches of U.S. banks 551 508
11 Banks in home country and home-country
central banks 8,420 7,286
12 All other banks in foreign countries and
foreign central banks 19,294 16,064
13 Balances with Federal Reserve Banks 361 n.a.
14 Total securities and loans 436,479 35,560
15 Total securities, book value 113,607 4,460
16 U.S. Treasury 18,537 n.a.
17 Obligations of U.S. government agencies
and corporations 47,626 n.a.
18 Other bonds, notes, debentures, and
corporate stock (including state and
local securities) 47,444 4,460
19 Securities of foreign governmental units 10,487 2,468
20 All Other 36,956 1,992
21 Federal funds sold and securities purchased
under agreements to resell 83,963 8,512
22 U.S. branches and agencies of other foreign
banks 12,129 3,190
23 Commercial banks in United States 10,842 160
24 Other 60,992 5,162
25 Total loans, gross 323,194 31,125
26 LESS: Unearned income on loans 322 25
27 EQUALS: Loans, net 322,873 31,100
Total loans, gross, by category
28 Real estate loans 17,065 95
29 Loans to depository institutions 23,415 14,786
30 Commercial banks in United States
(including IBFs) 5,672 2,442
31 U.S. branches and agencies of other
foreign banks 3,554 1,638
32 Other commercial banks in United States 2,118 805
33 Other depository institutions in United
States (including IBFs) 15 0
34 Banks in foreign countries 17,728 12,343
35 Foreign branches of U.S. banks 1,599 1,045
36 Other banks in foreign countries 16,129 11,298
37 Loans to other financial institutions 53,261 1,505
38 Commercial and industrial loans 207,029 12,360
39 U.S. addressees (domicile) 168,891 31
40 Non-U.S. addressees (domicile) 38,138 12,329
41 Acceptances of other banks 767 8
42 U.S. banks 6 0
43 Foreign banks 761 8
44 Loans to foreign governments and official
institutions (including foreign central
banks) 3,568 2,258
45 Loans for purchasing or carrying securities
(secured and unsecured) 11,030 22
46 All other loans 6,256 90
47 Lease financing receivables (net of unearned
income) 801 0
48 U.S. addressees (domicile) 801 0
49 Non-U.S. addressees (domicile) 0 0
50 Trading assets 91,602 679
51 All other assets 35,762 1,611
52 Customers' liabilities on acceptances
outstanding 1,476 n.a.
53 U.S. addressees (domicile) 788 n.a.
54 Non-U.S. addressees (domicile) 687 n.a.
55 Other assets including other claims on
nonrelated parties 34,287 1,611
56 Net due from related depository
institutions(5) 173,295 87,258
57 Net due from head office and other related
depository institutions(5) 173,295 n.a.
58 Net due from establishing entity, head
office, and other related depository
institutions(5) n.a. 87,258
59 Total liabilities(4) 903,989 171,051
60 Liabilities to nonrelated parties 779,332 152,571
61 Total deposits and credit balances 380,861 107,807
62 Individuals, partnerships, and corporations 291,204 11,817
63 U.S. addressees (domicile) 274,286 19
64 Non-U.S. addressees (domicile) 16,918 11,798
65 Commercial banks in United States
(including IBFs) 44,516 12,464
66 U.S. branches and agencies of other
foreign banks 18,199 11,684
67 Other commercial banks in United States 26,317 780
68 Banks in foreign countries 9,335 60,011
69 Foreign branches of U.S. banks 1,080 4,882
70 Other banks in foreign countries 8,255 55,129
71 Foreign governments and official
institutions (including foreign central
banks) 17,533 23,513
72 All other deposits and credit balances 18,098 2
73 Certified and official checks 175 n.a.
74 Transaction accounts and credit balances
(excluding IBFs) 8,583 n.a.
75 Individuals, partnerships, and corporations 7,130 n.a.
76 U.S. addressees (domicile) 5,003 n.a.
77 Non-U.S. addressees (domicile) 2,127 n.a.
78 Commercial banks in United States 45 n.a.
(including IBFs)
79 U.S. branches and agencies of other
foreign banks 11 n.a.
80 Other commercial banks in United States 34 n.a.
81 Banks in foreign countries 727 n.a.
82 Foreign branches of U.S. banks 0 n.a.
83 Other banks in foreign countries 727 n.a.
84 Foreign governments and official
institutions (including foreign central
banks) 353 n.a.
85 All other deposits and credit balances 152 n.a.
86 Certified and official checks 175 n.a.
87 Demand deposits (included in transaction
accounts and credit balances) 8,051 n.a.
88 Individuals, partnerships, and corporations 6,728 n.a.
89 U.S. addressees (domicile) 4,849 n.a.
90 Non-U.S. addressees (domicile) 1,879 n.a.
91 Commercial banks in United States
(including IBFs) 42 n.a.
92 U.S. branches and agencies of other
foreign banks 11 n.a.
93 Other commercial banks in United States 31 n.a.
94 Banks in foreign countries 679 n.a.
95 Foreign branches of U.S. banks 0 n.a.
96 Other banks in foreign countries 679 n.a.
97 Foreign governments and official
institutions (including foreign central
banks) 349 n.a.
98 All other deposits and credit balances 77 n.a.
99 Certified and official checks 175 n.a.
100 Nontransaction accounts (including MMDAs,
excluding IBFs) 372,278 n.a.
101 Individuals, partnerships, and corporations 284,074 n.a.
102 U.S. addressees (domicile) 269,283 n.a.
103 Non-U.S. addressees (domicile) 14,791 n.a.
104 Commercial banks in United States
(including IBFs) 44,470 n.a.
105 U.S. branches and agencies of other
foreign banks 18,188 n.a.
106 Other commercial banks in United States 26,282 n.a.
107 Banks in foreign countries 8,608 n.a.
108 Foreign branches of U.S. banks 1,080 n.a.
109 Other banks in foreign countries 7,528 n.a.
110 Foreign governments and official
institutions (including foreign central
banks) 17,180 n.a.
111 All other deposits and credit balances 17,945 n.a.
112 IBF deposit liabilities n.a. 107,807
113 Individuals, partnerships, and corporations n.a. 11,817
114 U.S. addressees (domicile) n.a. 19
115 Non-U.S. addressees (domicile) n.a. 11,798
116 Commercial banks in United States
(including IBFs) n.a. 12,464
117 U.S. branches and agencies of other
foreign banks n.a. 11,684
118 Other commercial banks in United States n.a. 780
119 Banks in foreign countries n.a. 60,011
120 Foreign branches of U.S. banks n.a. 4,882
121 Other banks in foreign countries n.a. 55,129
122 Foreign governments and official
institutions (including foreign central
banks) n.a. 23,513
123 All other deposits and credit balances n.a. 2
124 Federal funds purchased and securities sold
under agreements to repurchase 119,545 20,313
125 U.S. branches and agencies of other foreign
banks 12,694 4,379
126 Other commercial banks in United States 8,434 652
127 Other 98,417 15,282
128 Other borrowed money 77,127 23,097
129 Owed to nonrelated commercial banks in United
States (including IBFs) 10,698 4,204
130 Owed to U.S. offices of nonrelated U.S.
banks 4,297 285
131 Owed to U.S. branches and agencies of
nonrelated foreign banks 6,400 3,918
132 Owed to nonrelated banks in foreign countries 18,141 15,296
133 Owed to foreign branches of nonrelated U.S.
banks 1,165 1,052
134 Owed to foreign offices of nonrelated
foreign banks 16,976 14,245
135 Owed to others 48,289 3,597
136 All other liabilities 93,991 1,354
137 Branch or agency liability on acceptances
executed and outstanding 1,827 n.a.
138 Trading liabilities 65,601 27
139 Other liabilities to nonrelated parties 26,563 1,327
140 Net due to related depository institutions(5) 124,657 18,480
141 Net due to head office and other related
depository institutions(5) 124,657 n.a.
142 Net due to establishing entity, head
office, and other related depository
institutions(5) n.a. 18,480
MEMO
143 Non-interest-bearing balances with commercial
banks in United States 2,970 0
144 Holding of own acceptances included in
commercial and industrial loans 1,984 n.a.
145 Commercial and industrial loans with
remaining maturity of one year or less
(excluding those in nonaccrual status) 104,607 n.a.
146 Predetermined interest rates 61,482 n.a.
147 Floating interest rates 43,125 n.a.
148 Commercial and industrial loans with
remaining maturity of more than one year
(excluding those in nonaccrual status) 100,735 n.a.
149 Predetermined interest rates 22,552 n.a.
150 Floating interest rates 78,183 n.a.
151 Components of total nontransaction accounts,
included in total deposits and credit
balances (excluding IBFs) 373,619 n.a.
152 Time deposits of $100,000 or more 368,113 n.a.
153 Time CDs in denominations of $100,000 or
more with remaining maturity of more than
12 months 5,506 n.a.
All states(2)
Total
including IBFs
IBFs only
154 Immediately available funds with a maturity
greater than one day included in other
borrowed money 30,738 n.a.
155 Number of reports filed(6) 354 0
New York
Item
Total
including IBFs
IBFs only
1 Total assets(4) 729,773 145,304
2 Claims on nonrelated parties 581,520 71,950
3 Cash and balances due from depository
institutions 77,772 35,256
4 Cash items in process of collection and
unposted debits 2,535 0
5 Currency and coin (U.S. and foreign) 12 n.a.
6 Balances with depository institutions in
United States 48,458 12,352
7 U.S. branches and agencies of other
foreign banks (including IBFs) 40,996 11,697
8 Other depository institutions in United
States (including IBFs) 7,461 655
9 Balances with banks in foreign countries
and with foreign central banks 26,489 22,904
10 Foreign branches of U.S. banks 513 481
11 Banks in home country and home-country
central banks 8,344 7,224
12 All other banks in foreign countries and
foreign central banks 17,631 15,198
13 Balances with Federal Reserve Banks 278 n.a.
14 Total securities and loans 335,907 27,390
15 Total securities, book value 104,999 3,869
16 U.S. Treasury 17,587 n.a.
17 Obligations of U.S. government agencies
and corporations 45,033 n.a.
18 Other bonds, notes, debentures, and
corporate stock (including state and
local securities) 42,379 3,869
19 Securities of foreign governmental units 10,164 2,309
20 All Other 32,216 1,561
21 Federal funds sold and securities purchased
under agreements to resell 74,396 7,625
22 U.S. branches and agencies of other foreign
banks 11,246 3,146
23 Commercial banks in United States 10,201 158
24 Other 52,950 4,322
25 Total loans, gross 231,131 23,541
26 LESS: Unearned income on loans 224 21
27 EQUALS: Loans, net 230,908 23,521
Total loans, gross, by category
28 Real estate loans 11,665 93
29 Loans to depository institutions 15,766 9,397
30 Commercial banks in United States
(including IBFs) 3,742 1,387
31 U.S. branches and agencies of other
foreign banks 2,499 1,291
32 Other commercial banks in United States 1,243 96
33 Other depository institutions in United
States (including IBFs) 0 0
34 Banks in foreign countries 12,023 8,010
35 Foreign branches of U.S. banks 1,559 1,010
36 Other banks in foreign countries 10,465 7,000
37 Loans to other financial institutions 40,397 1,286
38 Commercial and industrial loans 143,966 10,574
39 U.S. addressees (domicile) 116,256 31
40 Non-U.S. addressees (domicile) 27,710 10,543
41 Acceptances of other banks 116 8
42 U.S. banks 2 0
43 Foreign banks 114 8
44 Loans to foreign governments and official
institutions (including foreign central
banks) 2,971 2,084
45 Loans for purchasing or carrying securities
(secured and unsecured) 10,359 22
46 All other loans 5,643 76
47 Lease financing receivables (net of unearned
income) 249 0
48 U.S. addressees (domicile) 249 0
49 Non-U.S. addressees (domicile) 0 0
50 Trading assets 62,447 679
51 All other assets 30,997 999
52 Customers' liabilities on acceptances
outstanding 1,019 n.a.
53 U.S. addressees (domicile) 633 n.a.
54 Non-U.S. addressees (domicile) 386 n.a.
55 Other assets including other claims on
nonrelated parties 29,979 999
56 Net due from related depository
institutions(5) 148,254 73,354
57 Net due from head office and other related
depository institutions(5) 148,254 n.a.
58 Net due from establishing entity, head
office, and other related depository
institutions(5) n.a. 73,354
59 Total liabilities(4) 729,773 145,304
60 Liabilities to nonrelated parties 651,408 129,712
61 Total deposits and credit balances 314,896 95,025
62 Individuals, partnerships, and corporations 233,337 6,511
63 U.S. addressees (domicile) 222,442 15
64 Non-U.S. addressees (domicile) 10,895 6,496
65 Commercial banks in United States
(including IBFs) 40,034 12,082
66 U.S. branches and agencies of other
foreign banks 15,176 11,410
67 Other commercial banks in United States 24,858 672
68 Banks in foreign countries 8,940 56,890
69 Foreign branches of U.S. banks 1,080 4,745
70 Other banks in foreign countries 7,860 52,144
71 Foreign governments and official
institutions (including foreign central
banks) 15,783 19,542
72 All other deposits and credit balances 16,647 0
73 Certified and official checks 156 n.a.
74 Transaction accounts and credit balances
(excluding IBFs) 6,460 n.a.
75 Individuals, partnerships, and corporations 5,352 n.a.
76 U.S. addressees (domicile) 4,116 n.a.
77 Non-U.S. addressees (domicile) 1,236 n.a.
78 Commercial banks in United States 35 n.a.
(including IBFs)
79 U.S. branches and agencies of other
foreign banks 10 n.a.
80 Other commercial banks in United States 24 n.a.
81 Banks in foreign countries 513 n.a.
82 Foreign branches of U.S. banks 0 n.a.
83 Other banks in foreign countries 513 n.a.
84 Foreign governments and official
institutions (including foreign central
banks) 273 n.a.
85 All other deposits and credit balances 131 n.a.
86 Certified and official checks 156 n.a.
87 Demand deposits (included in transaction
accounts and credit balances) 6,155 n.a.
88 Individuals, partnerships, and corporations 5,173 n.a.
89 U.S. addressees (domicile) 4,020 n.a.
90 Non-U.S. addressees (domicile) 1,153 n.a.
91 Commercial banks in United States
(including IBFs) 32 n.a.
92 U.S. branches and agencies of other
foreign banks 10 n.a.
93 Other commercial banks in United States 21 n.a.
94 Banks in foreign countries 466 n.a.
95 Foreign branches of U.S. banks 0 n.a.
96 Other banks in foreign countries 466 n.a.
97 Foreign governments and official
institutions (including foreign central
banks) 269 n.a.
98 All other deposits and credit balances 60 n.a.
99 Certified and official checks 156 n.a.
100 Nontransaction accounts (including MMDAs,
excluding IBFs) 308,437 n.a.
101 Individuals, partnerships, and corporations 227,985 n.a.
102 U.S. addressees (domicile) 218,326 n.a.
103 Non-U.S. addressees (domicile) 9,659 n.a.
104 Commercial banks in United States
(including IBFs) 39,999 n.a.
105 U.S. branches and agencies of other
foreign banks 15,165 n.a.
106 Other commercial banks in United States 24,834 n.a.
107 Banks in foreign countries 8,427 n.a.
108 Foreign branches of U.S. banks 1,080 n.a.
109 Other banks in foreign countries 7,347 n.a.
110 Foreign governments and official
institutions (including foreign central
banks) 15,510 n.a.
111 All other deposits and credit balances 16,516 n.a.
112 IBF deposit liabilities n.a. 95,025
113 Individuals, partnerships, and corporations n.a. 6,511
114 U.S. addressees (domicile) n.a. 15
115 Non-U.S. addressees (domicile) n.a. 6,496
116 Commercial banks in United States
(including IBFs) n.a. 12,082
117 U.S. branches and agencies of other
foreign banks n.a. 11,410
118 Other commercial banks in United States n.a. 672
119 Banks in foreign countries n.a. 56,890
120 Foreign branches of U.S. banks n.a. 4,745
121 Other banks in foreign countries n.a. 52,144
122 Foreign governments and official
institutions (including foreign central
banks) n.a. 19,542
123 All other deposits and credit balances n.a. 0
124 Federal funds purchased and securities sold
under agreements to repurchase 108,921 16,516
125 U.S. branches and agencies of other foreign
banks 10,167 3,565
126 Other commercial banks in United States 6,871 597
127 Other 91,883 12,353
128 Other borrowed money 59,286 16,933
129 Owed to nonrelated commercial banks in United
States (including IBFs) 8,977 3,442
130 Owed to U.S. offices of nonrelated U.S.
banks 4,004 272
131 Owed to U.S. branches and agencies of
nonrelated foreign banks 4,973 3,170
132 Owed to nonrelated banks in foreign countries 13,299 10,549
133 Owed to foreign branches of nonrelated U.S.
banks 752 651
134 Owed to foreign offices of nonrelated
foreign banks 12,547 9,897
135 Owed to others 37,009 2,942
136 All other liabilities 73,280 1,239
137 Branch or agency liability on acceptances
executed and outstanding 1,178 n.a.
138 Trading liabilities 49,964 27
139 Other liabilities to nonrelated parties 22,138 1,212
140 Net due to related depository institutions(5) 78,365 15,592
141 Net due to head office and other related
depository institutions(5) 78,365 n.a.
142 Net due to establishing entity, head
office, and other related depository
institutions(5) n.a. 15,592
MEMO
143 Non-interest-bearing balances with commercial
banks in United States 2,826 0
144 Holding of own acceptances included in
commercial and industrial loans 1,519 n.a.
145 Commercial and industrial loans with
remaining maturity of one year or less
(excluding those in nonaccrual status) 63,310 n.a.
146 Predetermined interest rates 33,960 n.a.
147 Floating interest rates 29,350 n.a.
148 Commercial and industrial loans with
remaining maturity of more than one year
(excluding those in nonaccrual status) 79,358 n.a.
149 Predetermined interest rates 18,853 n.a.
150 Floating interest rates 60,505 n.a.
151 Components of total nontransaction accounts,
included in total deposits and credit
balances (excluding IBFs) 311,100 n.a.
152 Time deposits of $100,000 or more 305,704 n.a.
153 Time CDs in denominations of $100,000 or
more with remaining maturity of more than
12 months 5,396 n.a.
New York
Total
including IBFs
IBFs only
154 Immediately available funds with a maturity
greater than one day included in other
borrowed money 26,618 n.a.
155 Number of reports filed(6) 184 0
California
Item
Total
including IBFs
IBFs only
1 Total assets(4) 26,882 7,029
2 Claims on nonrelated parties 26,119 1,591
3 Cash and balances due from depository
institutions 755 289
4 Cash items in process of collection and
unposted debits 5 0
5 Currency and coin (U.S. and foreign) 1 n.a.
6 Balances with depository institutions in
United States 588 167
7 U.S. branches and agencies of other
foreign banks (including IBFs) 439 167
8 Other depository institutions in United
States (including IBFs) 149 0
9 Balances with banks in foreign countries
and with foreign central banks 127 123
10 Foreign branches of U.S. banks 0 0
11 Banks in home country and home-country
central banks 56 56
12 All other banks in foreign countries and
foreign central banks 71 67
13 Balances with Federal Reserve Banks 35 n.a.
14 Total securities and loans 24,421 1,246
15 Total securities, book value 1,252 488
16 U.S. Treasury 61 n.a.
17 Obligations of U.S. government agencies
and corporations 184 n.a.
18 Other bonds, notes, debentures, and
corporate stock (including state and
local securities) 1,007 488
19 Securities of foreign governmental units 263 120
20 All Other 744 368
21 Federal funds sold and securities purchased
under agreements to resell 421 15
22 U.S. branches and agencies of other foreign
banks 360 15
23 Commercial banks in United States 40 0
24 Other 22 0
25 Total loans, gross 23,210 758
26 LESS: Unearned income on loans 41 1
27 EQUALS: Loans, net 23,169 758
Total loans, gross, by category
28 Real estate loans 3,301 0
29 Loans to depository institutions 981 513
30 Commercial banks in United States
(including IBFs) 706 267
31 U.S. branches and agencies of other
foreign banks 583 223
32 Other commercial banks in United States 123 45
33 Other depository institutions in United
States (including IBFs) 0 0
34 Banks in foreign countries 276 245
35 Foreign branches of U.S. banks 3 0
36 Other banks in foreign countries 273 245
37 Loans to other financial institutions 1,020 0
38 Commercial and industrial loans 17,667 222
39 U.S. addressees (domicile) 16,138 0
40 Non-U.S. addressees (domicile) 1,529 222
41 Acceptances of other banks 16 0
42 U.S. banks 4 0
43 Foreign banks 12 0
44 Loans to foreign governments and official
institutions (including foreign central
banks) 148 24
45 Loans for purchasing or carrying securities
(secured and unsecured) 0 0
46 All other loans 77 0
47 Lease financing receivables (net of unearned
income) 0 0
48 U.S. addressees (domicile) 0 0
49 Non-U.S. addressees (domicile) 0 0
50 Trading assets 58 0
51 All other assets 463 40
52 Customers' liabilities on acceptances
outstanding 130 n.a.
53 U.S. addressees (domicile) 130 n.a.
54 Non-U.S. addressees (domicile) 0 n.a.
55 Other assets including other claims on
nonrelated parties 333 40
56 Net due from related depository
institutions(5) 763 5,438
57 Net due from head office and other related
depository institutions(5) 763 n.a.
58 Net due from establishing entity, head
office, and other related depository
institutions(5) n.a. 5,438
59 Total liabilities(4) 26,882 7,029
60 Liabilities to nonrelated parties 12,679 6,909
61 Total deposits and credit balances 3,637 1,606
62 Individuals, partnerships, and corporations 2,450 202
63 U.S. addressees (domicile) 807 0
64 Non-U.S. addressees (domicile) 1,643 202
65 Commercial banks in United States
(including IBFs) 356 119
66 U.S. branches and agencies of other
foreign banks 0 59
67 Other commercial banks in United States 356 60
68 Banks in foreign countries 8 540
69 Foreign branches of U.S. banks 0 0
70 Other banks in foreign countries 8 540
71 Foreign governments and official
institutions (including foreign central
banks) 9 745
72 All other deposits and credit balances 809 0
73 Certified and official checks 5 n.a.
74 Transaction accounts and credit balances
(excluding IBFs) 270 n.a.
75 Individuals, partnerships, and corporations 254 n.a.
76 U.S. addressees (domicile) 140 n.a.
77 Non-U.S. addressees (domicile) 114 n.a.
78 Commercial banks in United States 0 n.a.
(including IBFs)
79 U.S. branches and agencies of other
foreign banks 0 n.a.
80 Other commercial banks in United States 0 n.a.
81 Banks in foreign countries 8 n.a.
82 Foreign branches of U.S. banks 0 n.a.
83 Other banks in foreign countries 8 n.a.
84 Foreign governments and official
institutions (including foreign central
banks) 2 n.a.
85 All other deposits and credit balances 1 n.a.
86 Certified and official checks 5 n.a.
87 Demand deposits (included in transaction
accounts and credit balances) 207 n.a.
88 Individuals, partnerships, and corporations 192 n.a.
89 U.S. addressees (domicile) 120 n.a.
90 Non-U.S. addressees (domicile) 72 n.a.
91 Commercial banks in United States
(including IBFs) 0 n.a.
92 U.S. branches and agencies of other
foreign banks 0 n.a.
93 Other commercial banks in United States 0 n.a.
94 Banks in foreign countries 8 n.a.
95 Foreign branches of U.S. banks 0 n.a.
96 Other banks in foreign countries 8 n.a.
97 Foreign governments and official
institutions (including foreign central
banks) 2 n.a.
98 All other deposits and credit balances 0 n.a.
99 Certified and official checks 5 n.a.
100 Nontransaction accounts (including MMDAs,
excluding IBFs) 3,367 n.a.
101 Individuals, partnerships, and corporations 2,196 n.a.
102 U.S. addressees (domicile) 666 n.a.
103 Non-U.S. addressees (domicile) 1,529 n.a.
104 Commercial banks in United States
(including IBFs) 356 n.a.
105 U.S. branches and agencies of other
foreign banks 0 n.a.
106 Other commercial banks in United States 356 n.a.
107 Banks in foreign countries 0 n.a.
108 Foreign branches of U.S. banks 0 n.a.
109 Other banks in foreign countries 0 n.a.
110 Foreign governments and official
institutions (including foreign central
banks) 7 n.a.
111 All other deposits and credit balances 808 n.a.
112 IBF deposit liabilities n.a. 1,606
113 Individuals, partnerships, and corporations n.a. 202
114 U.S. addressees (domicile) n.a. 0
115 Non-U.S. addressees (domicile) n.a. 202
116 Commercial banks in United States
(including IBFs) n.a. 119
117 U.S. branches and agencies of other
foreign banks n.a. 59
118 Other commercial banks in United States n.a. 60
119 Banks in foreign countries n.a. 540
120 Foreign branches of U.S. banks n.a. 0
121 Other banks in foreign countries n.a. 540
122 Foreign governments and official
institutions (including foreign central
banks) n.a. 745
123 All other deposits and credit balances n.a. 0
124 Federal funds purchased and securities sold
under agreements to repurchase 1,289 644
125 U.S. branches and agencies of other foreign
banks 632 352
126 Other commercial banks in United States 298 31
127 Other 359 261
128 Other borrowed money 5,770 4,615
129 Owed to nonrelated commercial banks in United
States (including IBFs) 816 598
130 Owed to U.S. offices of nonrelated U.S.
banks 74 10
131 Owed to U.S. branches and agencies of
nonrelated foreign banks 742 588
132 Owed to nonrelated banks in foreign countries 3,431 3,423
133 Owed to foreign branches of nonrelated U.S.
banks 375 375
134 Owed to foreign offices of nonrelated
foreign banks 3,056 3,048
135 Owed to others 1,524 594
136 All other liabilities 377 45
137 Branch or agency liability on acceptances
executed and outstanding 131 n.a.
138 Trading liabilities 45 0
139 Other liabilities to nonrelated parties 201 45
140 Net due to related depository institutions(5) 14,203 119
141 Net due to head office and other related
depository institutions(5) 14,203 n.a.
142 Net due to establishing entity, head
office, and other related depository
institutions(5) n.a. 119
MEMO
143 Non-interest-bearing balances with commercial
banks in United States 35 0
144 Holding of own acceptances included in
commercial and industrial loans 169 n.a.
145 Commercial and industrial loans with
remaining maturity of one year or less
(excluding those in nonaccrual status) 9,054 n.a.
146 Predetermined interest rates 4,070 n.a.
147 Floating interest rates 4,984 n.a.
148 Commercial and industrial loans with
remaining maturity of more than one year
(excluding those in nonaccrual status) 8,521 n.a.
149 Predetermined interest rates 1,124 n.a.
150 Floating interest rates 7,398 n.a.
151 Components of total nontransaction accounts,
included in total deposits and credit
balances (excluding IBFs) 3,176 n.a.
152 Time deposits of $100,000 or more 3,156 n.a.
153 Time CDs in denominations of $100,000 or
more with remaining maturity of more than
12 months 20 n.a.
California
Item
Total
including IBFs
IBFs only
154 Immediately available funds with a maturity
greater than one day included in other
borrowed money 2,681 n.a.
155 Number of reports filed(6) 72 0
Illinois
Item
Total
including IBFs
IBFs only
1 Total assets(4) 54,155 4,702
2 Claims on nonrelated parties 53,892 4,117
3 Cash and balances due from depository
institutions 2,872 1,627
4 Cash items in process of collection and
unposted debits 26 0
5 Currency and coin (U.S. and foreign) 0 n.a.
6 Balances with depository institutions in
United States 1,391 890
7 U.S. branches and agencies of other
foreign banks (including IBFs) 1,371 890
8 Other depository institutions in United
States (including IBFs) 20 0
9 Balances with banks in foreign countries
and with foreign central banks 1,447 737
10 Foreign branches of U.S. banks 0 0
11 Banks in home country and home-country
central banks 0 0
12 All other banks in foreign countries and
foreign central banks 1,446 737
13 Balances with Federal Reserve Banks 8 n.a.
14 Total securities and loans 35,550 1,640
15 Total securities, book value 6,071 66
16 U.S. Treasury 877 n.a.
17 Obligations of U.S. government agencies
and corporations 2,031 n.a.
18 Other bonds, notes, debentures, and
corporate stock (including state and
local securities) 3,163 66
19 Securities of foreign governmental units 28 28
20 All Other 3,135 38
21 Federal funds sold and securities purchased
under agreements to resell 8,244 825
22 U.S. branches and agencies of other foreign
banks 270 0
23 Commercial banks in United States 59 0
24 Other 7,915 825
25 Total loans, gross 29,501 1,574
26 LESS: Unearned income on loans 22 0
27 EQUALS: Loans, net 29,480 1,574
Total loans, gross, by category
28 Real estate loans 357 0
29 Loans to depository institutions 1,881 1,513
30 Commercial banks in United States
(including IBFs) 813 679
31 U.S. branches and agencies of other
foreign banks 92 15
32 Other commercial banks in United States 721 664
33 Other depository institutions in United
States (including IBFs) 0 0
34 Banks in foreign countries 1,068 834
35 Foreign branches of U.S. banks 0 0
36 Other banks in foreign countries 1,068 834
37 Loans to other financial institutions 3,986 0
38 Commercial and industrial loans 21,719 51
39 U.S. addressees (domicile) 19,980 0
40 Non-U.S. addressees (domicile) 1,738 51
41 Acceptances of other banks 635 0
42 U.S. banks 0 0
43 Foreign banks 635 0
44 Loans to foreign governments and official
institutions (including foreign central
banks) 108 9
45 Loans for purchasing or carrying securities
(secured and unsecured) 50 0
46 All other loans 213 0
47 Lease financing receivables (net of unearned
income) 552 0
48 U.S. addressees (domicile) 552 0
49 Non-U.S. addressees (domicile) 0 0
50 Trading assets 5,185 0
51 All other assets 2,042 26
52 Customers' liabilities on acceptances
outstanding 283 n.a.
53 U.S. addressees (domicile) 24 n.a.
54 Non-U.S. addressees (domicile) 259 n.a.
55 Other assets including other claims on
nonrelated parties 1,759 26
56 Net due from related depository
institutions(5) 262 585
57 Net due from head office and other related
depository institutions(5) 262 n.a.
58 Net due from establishing entity, head
office, and other related depository
institutions(5) n.a. 585
59 Total liabilities(4) 54,155 4,702
60 Liabilities to nonrelated parties 40,983 3,350
61 Total deposits and credit balances 17,707 2,253
62 Individuals, partnerships, and corporations 15,225 4
63 U.S. addressees (domicile) 14,998 0
64 Non-U.S. addressees (domicile) 227 4
65 Commercial banks in United States
(including IBFs) 1,025 220
66 U.S. branches and agencies of other
foreign banks 364 172
67 Other commercial banks in United States 661 48
68 Banks in foreign countries 150 979
69 Foreign branches of U.S. banks 0 137
70 Other banks in foreign countries 150 842
71 Foreign governments and official
institutions (including foreign central
banks) 1,305 1,048
72 All other deposits and credit balances 0 2
73 Certified and official checks 1 n.a.
74 Transaction accounts and credit balances
(excluding IBFs) 612 n.a.
75 Individuals, partnerships, and corporations 608 n.a.
76 U.S. addressees (domicile) 605 n.a.
77 Non-U.S. addressees (domicile) 4 n.a.
78 Commercial banks in United States 0 n.a.
(including IBFs)
79 U.S. branches and agencies of other
foreign banks 0 n.a.
80 Other commercial banks in United States 0 n.a.
81 Banks in foreign countries 0 n.a.
82 Foreign branches of U.S. banks 0 n.a.
83 Other banks in foreign countries 0 n.a.
84 Foreign governments and official
institutions (including foreign central
banks) 2 n.a.
85 All other deposits and credit balances 0 n.a.
86 Certified and official checks 1 n.a.
87 Demand deposits (included in transaction
accounts and credit balances) 609 n.a.
88 Individuals, partnerships, and corporations 605 n.a.
89 U.S. addressees (domicile) 602 n.a.
90 Non-U.S. addressees (domicile) 4 n.a.
91 Commercial banks in United States
(including IBFs) 0 n.a.
92 U.S. branches and agencies of other
foreign banks 0 n.a.
93 Other commercial banks in United States 0 n.a.
94 Banks in foreign countries 0 n.a.
95 Foreign branches of U.S. banks 0 n.a.
96 Other banks in foreign countries 0 n.a.
97 Foreign governments and official
institutions (including foreign central
banks) 2 n.a.
98 All other deposits and credit balances 0 n.a.
99 Certified and official checks 1 n.a.
100 Nontransaction accounts (including MMDAs,
excluding IBFs) 17,095 n.a.
101 Individuals, partnerships, and corporations 14,617 n.a.
102 U.S. addressees (domicile) 14,394 n.a.
103 Non-U.S. addressees (domicile) 223 n.a.
104 Commercial banks in United States
(including IBFs) 1,025 n.a.
105 U.S. branches and agencies of other
foreign banks 364 n.a.
106 Other commercial banks in United States 661 n.a.
107 Banks in foreign countries 150 n.a.
108 Foreign branches of U.S. banks 0 n.a.
109 Other banks in foreign countries 150 n.a.
110 Foreign governments and official
institutions (including foreign central
banks) 1,303 n.a.
111 All other deposits and credit balances 0 n.a.
112 IBF deposit liabilities n.a. 2,253
113 Individuals, partnerships, and corporations n.a. 4
114 U.S. addressees (domicile) n.a. 0
115 Non-U.S. addressees (domicile) n.a. 4
116 Commercial banks in United States
(including IBFs) n.a. 220
117 U.S. branches and agencies of other
foreign banks n.a. 172
118 Other commercial banks in United States n.a. 48
119 Banks in foreign countries n.a. 979
120 Foreign branches of U.S. banks n.a. 137
121 Other banks in foreign countries n.a. 842
122 Foreign governments and official
institutions (including foreign central
banks) n.a. 1,048
123 All other deposits and credit balances n.a. 2
124 Federal funds purchased and securities sold
under agreements to repurchase 5,428 888
125 U.S. branches and agencies of other foreign
banks 979 112
126 Other commercial banks in United States 452 24
127 Other 3,997 752
128 Other borrowed money 5,338 194
129 Owed to nonrelated commercial banks in United
States (including IBFs) 443 20
130 Owed to U.S. offices of nonrelated U.S.
banks 67 0
131 Owed to U.S. branches and agencies of
nonrelated foreign banks 376 20
132 Owed to nonrelated banks in foreign countries 176 174
133 Owed to foreign branches of nonrelated U.S.
banks 0 0
134 Owed to foreign offices of nonrelated
foreign banks 176 174
135 Owed to others 4,719 0
136 All other liabilities 10,257 15
137 Branch or agency liability on acceptances
executed and outstanding 467 n.a.
138 Trading liabilities 8,370
139 Other liabilities to nonrelated parties 1,421 15
140 Net due to related depository institutions(5) 13,171 1,352
141 Net due to head office and other related
depository institutions(5) 13,171 n.a.
142 Net due to establishing entity, head
office, and other related depository
institutions(5) n.a. 1,352
MEMO
143 Non-interest-bearing balances with commercial
banks in United States 7 0
144 Holding of own acceptances included in
commercial and industrial loans 204 n.a.
145 Commercial and industrial loans with
remaining maturity of one year or less
(excluding those in nonaccrual status) 17,504 n.a.
146 Predetermined interest rates 14,840 n.a.
147 Floating interest rates 2,664 n.a.
148 Commercial and industrial loans with
remaining maturity of more than one year
(excluding those in nonaccrual status) 4,148 n.a.
149 Predetermined interest rates 571 n.a.
150 Floating interest rates 3,577 n.a.
151 Components of total nontransaction accounts,
included in total deposits and credit
balances (excluding IBFs) 17,026 n.a.
152 Time deposits of $100,000 or more 16,973 n.a.
153 Time CDs in denominations of $100,000 or
more with remaining maturity of more than
12 months 53 n.a.
Illinois
Total
including IBFs
IBFs only
154 Immediately available funds with a maturity
greater than one day included in other
borrowed money 890 n.a.
155 Number of reports filed(6) 29 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.
4.31 PRO FORMA FINANCIAL STATEMENTS FOR FEDERAL RESERVE PRICED SERVICES
A. Pro forma balance sheet
Millions of dollars
Item Mar. 31, 2000 Mar. 31, 2000
Short-term assets (Note 1)
Imputed reserve requirement
on clearing balances 640.9 671.3
Investment in marketable
securities 5,768.1 6,041.7
Receivables 80.5 73.4
Materials and supplies 3.5 4.1
Prepaid expenses 32.9 29.8
Items in process of
collection 2,823.2 4,406.3
Total short-term assets 9,349.1 11,226.7
Long-term assets (Note 2)
Premises 440.2 404.7
Furniture and equipment 167.5 143.1
Leases and leasehold
improvements 48.1 29.5
Prepaid pension costs 571.7 459.3
Total long-term assets 1,227.5 1,036.5
Total assets 10,576.6 12,263.1
Short-term liabilities
Clearing balances and
balances arising from early
credit of uncollected items 6,173.2 6,192.0
Deferred-availability items 3,059.0 4,927.3
Short-term debt 116.8 107.4
Total short-term
liabilities 9,349.1 11,226.7
Long-term liabilities
Obligations under capital
leases 0.0 0.0
Long-term debt 390.5 214.7
Postretirement/postemployment
benefits obligation 236.4 219.3
Total long-term
liabilities 626.9 434.1
Total liabilities 9,976.0 11,660.7
Equity 600.6 602.4
Total liabilities and equity
(Note 3) 10,576.6 12,263.1
B. Pro forma income statement
Millions of dollars
Item Quarter ending Quarter ending
Mar. 31, 2000 Mar. 31, 1999
Revenue from services provided to
depository institutions (Note 4) 211.5 203.1
Operating expenses (Note 5) 172.8 170.4
Income from operations 38.8 32.8
Inputed costs (Note 6)
Interest on float 2.8 5.4
Interest on debt 7.9 4.6
Sales taxes 2.3 2.2
FDIC insurance 0.0 13.0 .8 13.1
Income from operations after imputed
costs 25.8 19.7
Other income and expenses (Note 7)
Investment income on clearing
balances 104.9 81.9
Earnings credits (88.4) 16.4 (70.5) 11.4
Income before income taxes 42.2 31.1
Inputed income taxes (Note 8) 13.3 10.0
Net income 28.9 21.2
MEMO
Targeted return on equity (Note 9) 24.6 17.3
NOTE. Components may not sum to totals because of rounding. The priced
services financial statements consist of these tables and the
accompanying notes.
(1) SHORT-TERM ASSETS
The imputed reserve requirement on clearing balances held at Reserve
Banks by depository institutions reflects a treatment comparable to
that of compensating balances held at correspondent banks by respondent
institutions. The reserve requirement imposed on respondent balances
must be held as vault cash or as nonearning balances maintained at a
Reserve Bank; thus, a portion of priced services clearing balances held
with the Federal Reserve is shown as required reserves on the asset
side of the balance sheet. The remainder of clearing balances is
assumed to be invested in three-month Treasury bills, shown as
investment in marketable securities.
Receivables are (1) amounts due the Reserve Banks for priced services
and (2) the share of suspense-account and difference-account balances
related to priced services.
Materials and supplies are the inventory value of short-term assets.
Prepaid expenses include salary advances and travel advances for
priced-service personnel.
Items in process of collection is gross Federal Reserve cash items in
process of collection (CIPC) stated on a basis comparable to that of a
commercial bank. It reflects adjustments for intra-System items that
would otherwise be double-counted on a consolidated Federal Reserve
balance sheet; adjustments for items associated with non-priced items,
such as those collected for government agencies; and adjustments for
items associated with providing fixed availability or credit before
items are received and processed. Among the costs to be recovered under
the Monetary Control Act is the cost of float, or net CIPC during the
period (the difference between gross CIPC and deferred-availability
items which is the portion of gross CIPC that involves a financing
cost), valued at the federal funds rate.
(2) LONG-TERM ASSETS
Consists of long-term assets used solely in priced services, the
priced-services portion of long-term assets shared with nonpriced
services, and an estimate of the assets of the Board of Governors
used in the development of priced services. Effective Jan. 1, 1987,
the Reserve Banks implemented the Financial Accounting Standards
Board's Statement of Financial Accounting Standards No. 87, Employers'
Accounting for Pensions (SFAS 87). Accordingly, the Federal Reserve
Banks recognized credits to expenses of $28.9 million in the first
quarter of 2000, and $21.9 million in the first quarter of 1999, and
corresponding increases in this asset account.
(3) LIABILITIES AND EQUITY
Under the matched-book capital structure for assets that are not
"self-financing," short-term assets are financed with short-term debt.
Long-term assets are financed with long-term debt and equity in a
proportion equal to the ratio of long-term debt to equity for the fifty
largest bank holding companies, which are used in the model for the
private-sector adjustment factor (PSAF). The PSAF consists of the taxes
that would have been paid and the return on capital that would have
been provided had priced services been furnished by a private-sector
firm. Other short-term liabilities include clearing balances maintained
at Reserve Banks and deposit balances arising from float. Other
long-term liabilities consist of obligations on capital leases.
(4) REVENUE
Revenue represents charges to depository institutions for priced
services and is realized from each institution through one of two
methods: direct charges to an institution's account or charges
against its accumulated earnings credits.
(5) OPERATING EXPENSES
Operating expenses consist of the direct, indirect, and other general
administrative expenses of the Reserve Banks for priced services plus
the expenses for staff members of the Board of Governors working
directly on the development of priced services. The expenses for Board
staff members were $1.05 million in the first quarter of 2000 and $0.85
million in the first quarter of 1999. The credit to expenses under SFAS
87 (see note 2) is reflected in operating expenses.
(6) IMPUTED COSTS
Imputed costs consist of interest on float, interest on debt, sales
taxes, and the FDIC assessment. Interest on float is derived from the
value of float to be recovered, either explicitly or through per-item
fees, during the period. Float costs include costs for checks,
book-entry securities, noncash collection, ACH, and funds transfers.
Interest is imputed on the debt assumed necessary to finance
priced-service assets. The sales taxes and FDIC assessment that the
Federal Reserve would have paid had it been a private-sector firm are
among the components of the PSAF (see note 3).
Float costs are based on the actual float incurred for each priced
service, multiplied by the appropriate federal funds rate. Other
imputed costs are allocated among priced services according to the
ratio of operating expenses less shipping expenses for each service to
the total expenses for all services less the total shipping expenses
for all services.
The following list shows the daily average recovery of float (before
converting to float costs) by the Reserve Banks for the first quarter
of 2000 and 1999 in millions of dollars:
2000 1999
Total float 222.9 486.0
Unrecovered float (436.5) (516.1)
Float subject to recovery 659.4 1,002.1
Sources of float recovery
Income on clearing balances 66.0 98.9
As-of adjustments 451.7 531.8
Direct charges 311.3 245.2
Per-item fees (169.6) 126.2
Unrecovered float includes float generated by services to government
agencies and by other central bank services. Float recovered through
income on clearing balances is the result of the increase in investable
clearing balances; the increase is produced by a deduction for float
for cash items in process of collection, which reduces imputed reserve
requirements. The income on clearing balances reduces the float to be
recovered through other means. As-of adjustments are memorandum
adjustments to an institution's reserve or clearing position to recover
float incurred by the institution. Direct charges are billed to the
institution for float incurred when an institution chooses to close on
a normal business day and for float incurred on interterritory check
transportation. Float recovered through direct charges is valued at
cost using the federal funds rate and charged directly to an
institution's account. Float recovered through per-item fees is valued
at the federal funds rate and has been added to the cost base subject
to recovery in the first quarter of 2000 and 1999.
(7) OTHER INCOME AND EXPENSES
Consists of imputed investment income on clearing balances and the
actual cost of earnings credits. Investment income on clearing balances
represents the average coupon-equivalent yield on three-month Treasury
bills applied to the total clearing balance maintained, adjusted for
the effect of reserve requirements on clearing balances. Expenses for
earnings credits granted to depository institutions on their clearing
balances are derived by applying the average federal funds rate to the
required portion of the clearing balances, adjusted for the net effect
of reserve requirements on clearing balances.
(8) INCOME TAXES
Imputed income taxes are calculated at the effective tax rate derived
from the PSAF model (see note 3).
(9) RETURN ON EQUITY
Represents the after-tax rate of return on equity that the Federal
Reserve would have earned had it been a private business firm, as
derived from the PSAF model (see note 3). This amount is adjusted
to reflect the recovery of automation consolidation costs of $0.0
million for first quarter of 2000, and $3.3 million for the first
quarter of 1999. The Reserve Banks recovered these amounts, along
with a finance charge, by the end of 1999.
COPYRIGHT 2000 Board of Governors of the Federal Reserve System
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion