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A3    GUIDE TO TABLES

      DOMESTIC FINANCIAL STATISTICS

      Money Stock and Bank Credit

A4    Reserves and money stock measures
A5    Reserves of depository institutions and Reserve Bank
      credit
A6    Reserves and borrowings--Depository
      institutions

      Policy Instruments

A7    Federal Reserve Bank interest rates
A8    Reserve requirements of depository institutions
A9    Federal Reserve open market transactions

      Federal Reserve Banks

A10   Condition and Federal Reserve note statements
A11   Maturity distribution of loan and security
      holding

      Monetary and Credit Aggregates

A12   Aggregate reserves of depository institutions
      and monetary base
A13   Money stock measures

      Commercial Banking Institutions--
      Assets and Liabilities

A15   All commercial banks in the United States
A16   Domestically chartered commercial banks
A17   Large domestically chartered commercial banks
A19   Small domestically chartered commercial banks
A20   Foreign-related institutions

      Financial Markets

A22   Commercial paper outstanding

A22   Prime rate charged by banks on short-term
      business loans
A23   Interest rates--Money and capital markets
A24   Stock market--Selected statistics

      Federal Finance

A25   Federal debt subject to statutory limitation
A25   Gross public debt of U.S. Treasury--
      Types and ownership
A26   U.S. government securities
      dealers--Transactions
A27   U.S. government securities dealers--
      Positions and financing
A28   Federal and federally sponsored credit
      agencies--Debt outstanding

      Securities Markets and Corporate Finance

A29   New security issues--Tax--exempt state and local
      governments and corporations
A30   Open-end investment companies--Net sales
      and assets
A30   Domestic finance companies--Assets and liabilities
A31   Domestic finance companies--Owned and managed
      receivables

      Real Estate

A32   Mortgage markets--New homes
A33   Mortgage debt outstanding

      Consumer Credit

A34   Total outstanding
A34   Terms

      Flow of Funds

A35   Funds raised in U.S. credit markets
A37   Summary of financial transactions
A38   Summary of credit market debt outstanding
A39   Summary of financial assets and liabilities

      DOMESTIC NONFINANCIAL STATISTICS

      Selected Measures

A40   Output, capacity, and capacity utilization
A42   Industrial production--Indexes and gross value

      INTERNATIONAL STATISTICS

      Summary Statistics

A44   U.S. international transactions
A45   U.S. reserve assets
A45   Foreign official assets held at Federal Reserve
      Banks
A46   Selected U.S. liabilities to foreign official
      institutions

      Reported by Banks in the United States

A46   Liabilities to, and claims on, foreigners
A47   Liabilities to foreigners
A49   Banks' own claims on foreigners
A50   Banks' own and domestic customers' claims on
      foreigners
A50   Banks' own claims on unaffiliated foreigners
A51   Claims on foreign countries--Combined
      domestic offices and foreign branches

      Reported by Nonbanking Business
      Enterprises in the United States

A52   Liabilities to unaffiliated foreigners
A53   Claims on unaffiliated foreigners

      Securities Holdings and Transactions

A54   Foreign transactions in securities
A55   Marketable U.S. Treasury bonds and
      notes--Foreign transactions

      Interest and Exchange Rates

A56   Foreign exchange rates

A57   GUIDE TO SPECIAL TABLES AND
      STATISTICAL RELEASES

      SPECIAL TABLES

A58   Assets and liabilities of commercial
      banks, March 31, 2002
A60   Terms of lending at commercial banks,
      May 2002
A66   Assets and liabilities of U.S. branches and
      agencies of foreign banks, March 31, 2002

A70   INDEX TO STATISTICAL TABLES
Discontinuation of Certain Statistical Tables in
the Federal Reserve Bulletin

The following ten tables have been discontinued in
the Financial and Business Statistics section of
the Federal Reserve Bulletin. Information on the
sources of data in these tables appears in the
Announcements section of the June 2002 issue of
the Bulletin, page 290.

Discontinued tables:

1.38   1.39   1.48   2.10   2.11
2.14   2.15   2.16   2.17   3.11

Page numbers of the tables in the Financial and
Business Statistics section have been revised.
Guide to Tables

SYMBOLS AND ABBREVIATIONS

c        Corrected
e        Estimated
n.a.     Not available
n.e.c.   Not elsewhere classified
p        Preliminary
r          Revised (Notation appears in column heading
           when about half the figures in the column have
           been revised from the most recently published
           table.)
*        Amount insignificant in terms of the last decimal
           place shown in the table (for example, less than
           500,000 when the smallest unit given is in millions)
0        Calculated to be zero
...      Cell not applicable
ABS      Asset-backed security
ATS      Automatic transfer service
BIF      Bank insurance fund
CD       Certificate of deposit
CMO      Collateralized mortgage obligation
CRA      Community Reinvestment Act of 1977
FAMC     Federal Agriculture Mortgage Corporation
FFB      Federal Financing Bank
FHA      Federal Housing Administration
FHLBB    Federal Home Loan Bank Board
FHLMC    Federal Home Loan Mortgage Corporation
FmHA     Farmers Home Administration
FNMA     Federal National Mortgage Association
FSA      Farm Service Agency
FSLIC    Federal Savings and Loan Insurance Corporation
G-7      Group of Seven
G-10     Group of Ten
GDP      Gross domestic product
GNMA     Government National Mortgage Association
GSE      Government-sponsored enterprise
HUD      Department of Housing and Urban
           Development
IMF      International Monetary Fund
IOs      Interest only, stripped, mortgage-backed securities
IPCs     Individuals, partnerships, and corporations
IRA      Individual retirement account
MMDA     Money market deposit account
MSA      Metropolitan statistical area
NAICS    North American Industry Classification System
NOW      Negotiable order of withdrawal
OCDs     Other checkable deposits
OPEC     Organization of Petroleum Exporting Countries
OTS      Office of Thrift Supervision
PMI      Private mortgage insurance
POs      Principal only, stripped, mortgage-backed securities
REIT     Real estate investment trust
REMICs   Real estate mortgage investment conduits
RHS      Rural Housing Service
RP       Repurchase agreement
RTC      Resolution Trust Corporation
SCO      Securitized credit obligation
SDR      Special drawing right
SIC      Standard Industrial Classification
TIIS     Treasury inflation-indexed securities
VA       Department of Veterans Affairs

GENERAL INFORMATION

In many of the tables, components do not sum to totals because of
rounding.

Minus signs are used to indicate (1) a decrease, (2) a negative
figure, or (3) an outflow.

"U.S. government securities" may include guaranteed issues
of U.S. government agencies (the flow of funds figures also
include not fully guaranteed issues) as well as direct
obligations of the U.S. Treasury.

"State and local government" also includes municipalities,
special districts, and other political subdivisions.
A4 Domestic Financial Statistics [] August 2002

1.10 RESERVES AND MONEY STOCK MEASURES
     Percent annual rate of change, seasonally adjusted (1)

                                              2001
Monetary or credit aggregate
                                   Q2          Q3          Q4
  Reserves or depository
   institutions (2)
1 Total                            4.0        76.3        -31.2
2 Required                         6.4        14.8         22.1
3 Nonborrowed                      2.9        65.0        -21.4
4 Monetary base (3)                6.2        14.8          6.4

  Concepts or money (4)
5 M1                               6.0        16.0          2.1
6 M2                               9.6 (r)    11.0 (r)      9.4 (r)
7 M3                              13.8 (r)    10.0 (r)     12.2 (r)

  Nontransaction components
8 In M2 (5)                       10.6 (r)     9.6 (r)     11.5 (r)
9 In M3 only (6)                  23.1         8.1         18.2

   Time and savings deposits
   Commercial banks
10   Savings, including MMDAs     20.1        19.7          23.2
11   Small time (7)               -7.6       -10.3         -12.1
12   Large time (8,9)             -1.2        -7.4          -9.2

   Thrift institutions
13   Savings, including MMDAs     22.0        25.2          27.2
14   Small time (7)                4.1        -5.1         -11.2
15   Large time (8)               11.5        14.9           2.5

   Money market mutual funds
16 Retail                          6.3 (r)     5.0 (r)       7.9 (r)
17 Institution-only               49.7        27.5          49.2

   Repurchase agreements
    and eurodollars
18 Repurchase agreements (10)     19.0        -9.0          -1.4
19 Eurodollars (10)                7.0        -3.9          -3.6

                                  2002               2002
Monetary or credit aggregate
                                   Q1         Jan.        Feb.
  Reserves or depository
   institutions (2)
1 Total                           -9.7        15.3        -8.5
2 Required                        -9.3        23.8        -8.2
3 Nonborrowed                     -9.4        15.9        -8.0
4 Monetary base (3)                9.1        12.2        10.0

  Concepts or money (4)
5 M1                               5.8         3.3         1.9
6 M2                               5.8 (r)     2.6 (r)     7.5 (r)
7 M3                               4.8 (r)    -1.2 (r)     6.0 (r)

  Nontransaction components
8 In M2 (5)                        5.8 (r)     2.4 (r)     9.1 (r)
9 In M3 only (6)                   2.7        -9.3         2.7

   Time and savings deposits
   Commercial banks
10   Savings, including MMDAs     20.4        19.0        22.1
11   Small time (7)              -15.3       -16.2       -13.1
12   Large time (8,9)              4.9        14.9        -2.5

   Thrift institutions
13   Savings, including MMDAs     25.6        21.8        38.8
14   Small time (7)              -15.4       -20.8       -13.9
15   Large time (8)                -.8        13.7        -7.3

   Money market mutual funds
16 Retail                         -9.4 (r)   -17.8 (r)   -10.3 (r)
17 Institution-only                -.5       -27.8        -1.8

   Repurchase agreements
    and eurodollars
18 Repurchase agreements (10)      8.0        -1.6        11.9
19 Eurodollars (10)                6.3 (r)    -6.3        35.5

                                              2002
Monetary or credit aggregate
                                  Mar.        Apr.         May
  Reserves or depository
   institutions (2)
1 Total                         -12.7        -7.4        -48.3
2 Required                      -14.5        -1.4        -51.5
3 Nonborrowed                   -14.1        -7.2        -49.6
4 Monetary base (3)               6.4         7.9          7.2

  Concepts or money (4)
5 M1                              2.9       -11.4          6.2
6 M2                              -.7 (r)    -3.8 (r)     13.9
7 M3                              -.5 (r)    -2.5 (r)     10.8

  Nontransaction components
8 In M2s                         -1.8 (r)    -1.7 (r)     15.9
9 In M3 only (6)                   .0 (r)      .4 (r)      4.1

   Time and savings deposits
   Commercial banks
10   Savings, including MMDAs     5.2         6.9        25.4
11   Small time (7)             -11.4        -7.6        10.8
12   Large time (8,9)             2.3        16.6         4.2

   Thrift institutions
13   Savings, including MMDAs    27.9        17.3        13.3
14   Small time (7)              -9.6       -10.1       -29.7
15   Large time (8)              -7.3         6.3       -31.5

   Money market mutual funds
16 Retail                       -24.1 (r)   -23.3 (r)    18.4
17 Institution-only              -2.0        -2.0        10.1

   Repurchase agreements
    and eurodollars
18 Repurchase agreements (10)    -8.0       -22.2        -3.3
19 Eurodollars (10)              11.7 (r)    -1.7 (r)     2.2

(1.) Unless otherwise noted, rates of change are calculated from
average amounts outstanding during preceding month or quarter.

(2.) Figures incorporate adjustments for discontinuities, or
"breaks," associated with regulatory changes in reserve
requirements (See also table 1.20.)

(3.) The seasonally adjusted, break-adjusted monetary base
consists of (1) seasonally adjusted, break-adjusted total
reserves (line 1), plus (2) the seasonally adjusted currency
component of the money stock, plus (3) (for all quarterly
reporters on the "Report of Transaction Accounts, Other
Deposits and Vault Cash" and for all weekly reporters whose
vault cash exceeds their required reserves)the seasonally
adjusted, break-adjusted difference between current vault
cash and the amount applied to satisfy current reserve
requirements.

4. Composition of the money stock measures is as follows:

M1: (1) currency outside the U.S. Treasury, Federal
Reserve Banks, and the vaults of depository institutions,
(2) travelers checks of nonbank issuers, (3) demand deposits
at all commercial banks other than those owed to depository
institutions, the U.S. government, and foreign banks and
official institutions, less cash items in the process of
collection and Federal Reserve float, and (4) other
checkable deposits (OCDs), consisting of negotiable order of
withdrawal (NOW) and automatic transfer service (ATS) accounts
at depository institutions, credit union share draft accounts
and demand deposits at thrift institutions. Seasonally
adjusted M1 is computed by summing currency, travelers checks,
demand deposits, and OCDs, each seasonally adjusted separately.

M2: M1 plus (1) savings (including MMDAs), (2) small-denomination
time deposits (time deposits--including retail RPs--in amounts of
less than $100,000), and (3) balances in retail money market
mutual funds. Excludes individual retirement accounts (IRAs)
and Keogh balances at depository institutions and money market
funds.

Seasonally adjusted M2 is calculated by summing savings deposits,
small-denomination time deposits, and retail money fund balances,
each seasonally adjusted separately, and adding this result to
seasonally adjusted M1.

M3: M2 plus (1) large-denomination time deposits (in amounts of
$100,000 or more), (2) balances in institutional money funds,
(3) RP liabilities (overnight and term) issued by all depository
institutions, and (4) eurodollars (overnight and term) held by U.S.
residents at foreign branches of U.S. banks worldwide and at all
banking offices in the United Kingdom and Canada. Excludes amounts
held by depository institutions, the U.S. government, money market
funds, and foreign banks and official institutions. Seasonally
adjusted M3 is calculated by summing large time deposits,
institutional money fund balances, RP liabilities, and eurodollars,
each seasonally adjusted separately, and adding this result to
seasonally adjusted M2.

(5.) Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances, each seasonally
adjusted separately.

(6.) Sum of (1) large time deposits, (2) institutional money
fund balances, (3) RP liabilities (overnight and term) issued by
depository institutions, and (4) eurodollars (overnight and
term) of U.S. addressees, each seasonally adjusted separately.

(7.) Small time deposits--including retail RPs--are those issued
in amounts of less than $100,000. All IRA and Keogh account
balances at commercial banks and thrift institutions are
subtracted from small time deposits.

(8.) Large time deposits are those issued in amounts of $100,000
or more, excluding those booked at international banking
facilities.

(9.) Large time deposits at commercial banks less those held by
money market funds, depository institutions, the U.S. government,
and foreign banks and official institutions.

(10.) Includes both overnight and term.
1.11 RESERVES OF DEPOSITORY INSTITUTIONS AND RESERVE BANK CREDIT (1)

Millions of dollars

                                                    Average of
                                                   daily figures

                                                       2002

Factor                                       Mar.      Apr.       May

SUPPLYING RESERVE FUNDS

 1 Reserve Bank credit outstanding          636,572   642,176   647,403
     U.S. government securities (2)
 2     Bought outright--System
         account (3)                        573,087   578,737   584,747
 3     Held under repurchase agreements           0         0         0
     Federal agency obligations
 4     Bought outright                           10        10        10
 5     Held under repurchase agreements           0         0         0
 6   Repurchase agreeements--triparty (4)    26,689    25,430    24,845
 7   Acceptances                                  0         0         0
     Loans to depository institutions
 8     Adjustment credit                          6        75         7
 9     Seasonal credit                           19        50       107
10     Special Liquidity Facility credit          0         0         0
11     Extended credit                            0         0         0
12   Float                                      -38      -397      -237
13   Other Federal Reserve assets            36,799    38,271    37,925

14 Gold stock                                11,044    11,044    11,044
15 Special drawing rights certificate
       account                                2,200     2,200     2,200
16 Treasury currency outstanding             33,575    33,635    33,697

ABSORBING RESERVE FUNDS

17 Currency in circulation                  640,031   643,813   649,450
18 Reverse repurchase
       agreements--triparty (4)                   0         0         0
19 Treasury cash holdings                       421       400       407
   Deposits, other than reserve balances,
       with Federal Reserve Banks
20   Treasury                                 5,551     6,127     5,056
21   Foreign                                    126        98        93
22   Service-related balances and
       adjustments                            9,549    10,049    10,098
23   Other                                      218       255       223
24 Other Federal Reserve liabilities and
       capital                               18,244    18,813    19,343
25 Reserve balances with Federal Reserve
       Banks (5)                              9,250     9,500     9,675

                                               Average daily figures
                                                for week ending on
                                                   date indicated

                                                       2002

Factor                                      Apr. 17   Apr. 24    May 1

SUPPLYING RESERVE FUNDS

 1 Reserve Bank credit outstanding          644,014   640,393   647,387
     U.S. government securities (2)
 2     Bought outright--System
         account (3)                        578,332   580,266   580,919
 3     Held under repurchase agreements           0         0         0
     Federal agency obligations
 4     Bought outright                           10        10        10
 5     Held under repurchase agreements           0         0         0
 6   Repurchase agreeements--triparty (4)    28,200    21,964    27,429
 7   Acceptances                                  0         0         0
     Loans to depository institutions
 8     Adjustment credit                          4         8        12
 9     Seasonal credit                           48        56        67
10     Special Liquidity Facility credit          0         0         0
11     Extended credit                            0         0         0
12   Float                                     -698      -533      -200
13   Other Federal Reserve assets            38,119    38,621    39,151

14 Gold stock                                11,044    11,044    11,044
15 Special drawing rights certificate
       account                                2,200     2,200     2,200
16 Treasury currency outstanding             33,633    33,647    33,661

ABSORBING RESERVE FUNDS

17 Currency in circulation                  643,798   643,464   644,218
18 Reverse repurchase
       agreements--triparty (4)                   0         0         0
19 Treasury cash holdings                       403       399       393
   Deposits, other than reserve balances,
       with Federal Reserve Banks
20   Treasury                                 5,957     6,994     6,946
21   Foreign                                    116        82        90
22   Service-related balances and
       adjustments                           10,053    10,130    10,012
23   Other                                      242       232       237
24 Other Federal Reserve liabilities and
       capital                               18,736    18,858    19,044
25 Reserve balances with Federal Reserve
       Banks (5)                             11,586     7,124    13,351

                                              Average daily
                                            figures for week
                                             ending on date
                                                indicated

                                                  2002

Factor                                       May 8    May 15

SUPPLYING RESERVE FUNDS

 1 Reserve Bank credit outstanding          641,549   645,894
     U.S. government securities (2)
 2     Bought outright--System
         account (3)                        582,167   583,972
 3     Held under repurchase agreements           0         0
     Federal agency obligations
 4     Bought outright                           10        10
 5     Held under repurchase agreements           0         0
 6   Repurchase agreeements--triparty (4)    19,929    22,787
 7   Acceptances                                  0         0
     Loans to depository institutions
 8     Adjustment credit                          5         6
 9     Seasonal credit                           94        95
10     Special Liquidity Facility credit          0         0
11     Extended credit                            0         0
12   Float                                       80       -99
13   Other Federal Reserve assets            39,265    39,124

14 Gold stock                                11,044    11,044
15 Special drawing rights certificate
       account                                2,200     2,200
16 Treasury currency outstanding             33,675    33,689

ABSORBING RESERVE FUNDS

17 Currency in circulation                  646,424   647,695
18 Reverse repurchase
       agreements--triparty (4)                   0         0
19 Treasury cash holdings                       396       408
   Deposits, other than reserve balances,
       with Federal Reserve Banks
20   Treasury                                 5,145     5,134
21   Foreign                                     87        99
22   Service-related balances and
       adjustments                           10,128    10,042
23   Other                                      260       214
24 Other Federal Reserve liabilities and
       capital                               19,123    19,099
25 Reserve balances with Federal Reserve
       Banks (5)                              6,903    10,135

                                              Average daily
                                            figures for week
                                             ending on date
                                                indicated

                                                  2002

Factor                                      May 22    May 29

SUPPLYING RESERVE FUNDS

 1 Reserve Bank credit outstanding          643,811   655,846
     U.S. government securities (2)
 2     Bought outright--System
         account (3)                        585,122   587,669
 3     Held under repurchase agreements           0         0
     Federal agency obligations
 4     Bought outright                           10        10
 5     Held under repurchase agreements           0         0
 6   Repurchase agreeements--triparty (4)    22,893    31,204
 7   Acceptances                                  0         0
     Loans to depository institutions
 8     Adjustment credit                         12         7
 9     Seasonal credit                          105       129
10     Special Liquidity Facility credit          0         0
11     Extended credit                            0         0
12   Float                                     -753      -185
13   Other Federal Reserve assets            36,422    37,012

14 Gold stock                                11,044    11,044
15 Special drawing rights certificate
       account                                2,200     2,200
16 Treasury currency outstanding             33,703    33,717

ABSORBING RESERVE FUNDS

17 Currency in circulation                  648,751   653,948
18 Reverse repurchase
       agreements--triparty (4)                   0         0
19 Treasury cash holdings                       411       412
   Deposits, other than reserve balances,
       with Federal Reserve Banks
20   Treasury                                 4,914     5,012
21   Foreign                                     76       109
22   Service-related balances and
       adjustments                           10,159    10,159
23   Other                                      217       207
24 Other Federal Reserve liabilities and
       capital                               19,460    19,701
25 Reserve balances with Federal Reserve
       Banks (5)                              6,771    13,258

                                               End-of-month figures

Factor                                       Mar.      Apr.       May

SUPPLYING RESERVE FUNDS

 1 Reserve Bank credit outstanding          642,186   651,320   651,330
     U.S. government securities (2)
 2     Bought outright--System
         account (3)                        575,356   581,308   587,189
 3     Held under repurchase agreements           0         0         0
     Federal agency obligations
 4     Bought outright                           10        10        10
 5     Held under repurchase agreements           0         0         0
 6   Repurchase agreeements--triparty (4)    29,500    31,500    28,000
 7   Acceptances                                  0         0         0
     Loans to depository institutions
 8     Adjustment credit                          0        13         0
 9     Seasonal credit                           19        60       124
10     Special Liquidity Facility credit          0         0         0
11     Extended credit                            0         0         0
12   Float                                     -476      -402      -665
13   Other Federal Reserve assets            37,776    38,832    36,673

14 Gold stock                                11,044    11,044    11,044
15 Special drawing rights certificate
       account                                2,200     2,200     2,200
16 Treasury currency outstanding             33,605    33,661    33,731

ABSORBING RESERVE FUNDS

17 Currency in circulation                  641,848   645,445   653,655
18 Reverse repurchase
       agreements--triparty (4)                   0         0         0
19 Treasury cash holdings                       412       393       416
   Deposits, other than reserve balances,
       with Federal Reserve Banks
20   Treasury                                 5,692     5,387     5,883
21   Foreign                                    256       111       128
22   Service-related balances and
       adjustments                            9,869    10,012     9,799
23   Other                                      181       287       207
24 Other Federal Reserve liabilities and
       capital                               18,163    19,202    19,504
25 Reserve balances with Federal Reserve
       Banks (5)                             12,614    17,388     8,713

                                                 Wednesday figures

Factor                                      Apr. 17   Apr. 24    May 1

SUPPLYING RESERVE FUNDS

 1 Reserve Bank credit outstanding          645,066   641,475   654,341
     U.S. government securities (2)
 2     Bought outright--System
         account (3)                        580,046   582,038   580,860
 3     Held under repurchase agreements           0         0         0
     Federal agency obligations
 4     Bought outright                           10        10        10
 5     Held under repurchase agreements           0         0         0
 6   Repurchase agreeements--triparty (4)    27,200    21,000    34,500
 7   Acceptances                                  0         0         0
     Loans to depository institutions
 8     Adjustment credit                          1        11         8
 9     Seasonal credit                           49        55        88
10     Special Liquidity Facility credit          0         0         0
11     Extended credit                            0         0         0
12   Float                                     -560      -574      -144
13   Other Federal Reserve assets            38,320    38,935    39,018

14 Gold stock                                11,044    11,044    11,044
15 Special drawing rights certificate
       account                                2,200     2,200     2,200
16 Treasury currency outstanding             33,633    33,647    33,661

ABSORBING RESERVE FUNDS

17 Currency in circulation                  644,684   644,691   646,309
18 Reverse repurchase
       agreements--triparty (4)                   0         0         0
19 Treasury cash holdings                       400       393       394
   Deposits, other than reserve balances,
       with Federal Reserve Banks
20   Treasury                                 7,740     6,255     4,323
21   Foreign                                     76        76        92
22   Service-related balances and
       adjustments                           10,053    10,130    10,012
23   Other                                      231       231       212
24 Other Federal Reserve liabilities and
       capital                               18,558    18,688    18,868
25 Reserve balances with Federal Reserve
       Banks (5)                             10,200     7,901    21,035

                                            Wednesday figures

Factor                                       May 8    May 15

SUPPLYING RESERVE FUNDS

 1 Reserve Bank credit outstanding          643,099   649,265
     U.S. government securities (2)
 2     Bought outright--System
         account (3)                        583,672   585,767
 3     Held under repurchase agreements           0         0
     Federal agency obligations
 4     Bought outright                           10        10
 5     Held under repurchase agreements           0         0
 6   Repurchase agreeements--triparty (4)    19,000    28,251
 7   Acceptances                                  0         0
     Loans to depository institutions
 8     Adjustment credit                          2         9
 9     Seasonal credit                           89        95
10     Special Liquidity Facility credit          0         0
11     Extended credit                            0         0
12   Float                                      954      -816
13   Other Federal Reserve assets            39,371    35,948

14 Gold stock                                11,044    11,044
15 Special drawing rights certificate
       account                                2,200     2,200
16 Treasury currency outstanding             33,675    33,689

ABSORBING RESERVE FUNDS

17 Currency in circulation                  648,573   649,083
18 Reverse repurchase
       agreements--triparty (4)                   0         0
19 Treasury cash holdings                       407       410
   Deposits, other than reserve balances,
       with Federal Reserve Banks
20   Treasury                                 5,452     4,968
21   Foreign                                     82       108
22   Service-related balances and
       adjustments                           10,128    10,042
23   Other                                      251       216
24 Other Federal Reserve liabilities and
       capital                               18,754    18,978
25 Reserve balances with Federal Reserve
       Banks (5)                              6,368    12,392

                                            Wednesday figures

Factor                                      May 22    May 29

SUPPLYING RESERVE FUNDS

 1 Reserve Bank credit outstanding          644,369   673,629
     U.S. government securities (2)
 2     Bought outright--System
         account (3)                        584,602   587,559
 3     Held under repurchase agreements           0         0
     Federal agency obligations
 4     Bought outright                           10        10
 5     Held under repurchase agreements           0         0
 6   Repurchase agreeements--triparty (4)    23,500    47,425
 7   Acceptances                                  0         0
     Loans to depository institutions
 8     Adjustment credit                         24         3
 9     Seasonal credit                          111       143
10     Special Liquidity Facility credit          0         0
11     Extended credit                            0         0
12   Float                                     -688     1,174
13   Other Federal Reserve assets            36,810    37,314

14 Gold stock                                11,044    11,044
15 Special drawing rights certificate
       account                                2,200     2,200
16 Treasury currency outstanding             33,703    33,717

ABSORBING RESERVE FUNDS

17 Currency in circulation                  651,172   656,219
18 Reverse repurchase
       agreements--triparty (4)                   0         0
19 Treasury cash holdings                       411       416
   Deposits, other than reserve balances,
       with Federal Reserve Banks
20   Treasury                                 4,024     3,947
21   Foreign                                     72       208
22   Service-related balances and
       adjustments                           10,159    10,159
23   Other                                      217       210
24 Other Federal Reserve liabilities and
       capital                               19,406    19,306
25 Reserve balances with Federal Reserve
       Banks (5)                              5,854    30,124

(1.) Amounts of cash held as reserves are shown in table 1.12, line 2.

(2.) Includes securities loaned--fully guaranteed by U.S. government
securities pledged with Federal Reserve Banks--and excludes securities
sold and scheduled to be bought back under matched sale-purchase
transactions.

(3.) Includes compensation that adjusts for the effects of inflation
on the principal of inflation-indexed securities.

(4.) Cash value of agreements arranged through third-party custodial
banks. These agreements are collateralized by U.S. government and
federal agency securities.

(5.) Excludes required clearing balances and adjustments to compensate
for float.
1.12 RESERVES AND BORROWINGS Depository Institutions (1)

Millions of dollars

                                              Prorated monthly averages
                                                 of biweekly averages

   Reserve classification                       1999         2000

                                                Dec.         Dec.

 1 Reserve balances with Reserve Banks (2)      5,262        7,022
 2 Total vault cash (3)                        60,620       45,245
 3   Applied vault cash (4)                    36,392       31,451
 4   Surplus vault cash (5)                    24,228       13,794
 5 Total reserves (6)                          41,654       38,473
 6   Required reserves                         40,357       37,046
 7   Excess reserve balances at Reserve
      Banks (7)                                 1,297        1,427
 8 Total borrowing at Reserve Banks               320          210
 9   Adjustment                                   179           99
10   Seasonal                                      67          111
11   Special Liquidity Facility (8)                74            0
12   Extended credit (9)                            0            0

                                               Biweekly averages of
                                             daily figures for two-week
                                              periods ending on dates
                                                   indicated

                                             Feb. 6 (r)   Feb. 20 (r)

 1 Reserve balances with Reserve Banks (2)      9,181        8,981
 2 Total vault cash (3)                        50,354       45,418
 3   Applied vault cash (4)                    36,383       32,623
 4   Surplus vault cash (5)                    13,971       12,795
 5 Total reserves (6)                          45,564       41,604
 6   Required reserves                         44,173       40,198
 7   Excess reserve balances at Reserve
      Banks (7)                                 1,391        1,406
 8 Total borrowing at Reserve Banks                26           37
 9   Adjustment                                     8           17
l0   Seasonal                                      18           20
11   Special Liquidity Facility (8)              ...          ...
12   Extended credit (9)                            0            0

                                              Prorated monthly averages
                                                 of biweekly averages

   Reserve classification                       2001         2001

                                              Dec. (r)     Nov. (r)

 1 Reserve balances with Reserve Banks (2)      9,054        8,833
 2 Total vault cash (3)                        43,935       43,104
 3   Applied vault cash (4)                    32,024       31,291
 4   Surplus vault cash (5)                    11,911       11,813
 5 Total reserves (6)                          41,077       40,124
 6   Required reserves                         39,433       38,672
 7   Excess reserve balances at Reserve
      Banks (7)                                 1,645        1,452
 8 Total borrowing at Reserve Banks                67           84
 9   Adjustment                                    34           51
10   Seasonal                                      33           33
11   Special Liquidity Facility (8)              ...           ...
12   Extended credit (9)                            0            0

                                               Biweekly averages of
                                             daily figures for two-week
                                              periods ending on dates
                                                   indicated

                                             Mar. 6 (r)   Mar. 20 (r)

 1 Reserve balances with Reserve Banks (2)      9,855        8,569
 2 Total vault cash (3)                        42,690       42,267
 3   Applied vault cash (4)                    31,885       30,565
 4   Surplus vault cash (5)                    10,805       11,702
 5 Total reserves (6)                          41,740       39,134
 6   Required reserves                         40,460       37,849
 7   Excess reserve balances at Reserve
      Banks (7)                                 1,280        1,285
 8 Total borrowing at Reserve Banks                22           24
 9   Adjustment                                     9            4
l0   Seasonal                                      13           20
11   Special Liquidity Facility (8)              ...          ...
12   Extended credit (9)                            0            0

                                              Prorated monthly averages
                                                 of biweekly averages

   Reserve classification                                    2002

                                              Dec. (r)     Jan. (r)

 1 Reserve balances with Reserve Banks (2)      9,054        9,995
 2 Total vault cash (3)                        43,935       45,730
 3   Applied vault cash (4)                    32,024       33,730
 4   Surplus vault cash (5)                    11,911       11,999
 5 Total reserves (6)                          41,077       43,725
 6   Required reserves                         39,433       42,339
 7   Excess reserve balances at Reserve         1,645        1,387
      Banks (7)
 8 Total borrowing at Reserve Banks                67           50
 9   Adjustment                                    34           33
10   Seasonal                                      33           17
11   Special Liquidity Facility (8)              ...          ...
12   Extended credit (9)                            0            0

                                               Biweekly averages of
                                             daily figures for two-week
                                              periods ending on dates
                                                   indicated

                                             Apr. 3 (r)   Apr. 17 (r)

 1 Reserve balances with Reserve Banks (2)      9,493        9,325
 2 Total vault cash (3)                        43,069       41,730
 3   Applied vault cash (4)                    31,497       30,301
 4   Surplus vault cash (5)                    11,572       11,429
 5 Total reserves (6)                          40,990       39,626
 6   Required reserves                         39,340       38,501
 7   Excess reserve balances at Reserve         1,650        1,124
      Banks (7)
 8 Total borrowing at Reserve Banks               180           47
 9   Adjustment                                   157            2
l0   Seasonal                                      23           45
11   Special Liquidity Facility (8)              ...          ...
12   Extended credit (9)                            0            0

                                              Prorated monthly averages
                                                 of biweekly averages

   Reserve classification

                                             Feb. (r)    Mar. (r)

 1 Reserve balances with Reserve Banks (2)     9,273       9,146
 2 Total vault cash (3)                       45,696      42,633
 3   Applied vault cash (4)                   33,218      31,151
 4   Surplus vault cash (5)                   12,478      11,482
 5 Total reserves (6)                         42,491      40,297
 6   Required reserves                        41,124      38,883
 7   Excess reserve balances at Reserve
      Banks (7)                                1,367       1,414
 8 Total borrowing at Reserve Bank                30          79
 9   Adjustment                                   12          59
10   Seasonal                                     17          20
11   Special Liquidity Faculty (8)              ...         ...
12   Extended credit (9)                           0           0

                                               Biweekly averages of
                                             daily figures for two-week
                                              periods ending on dates
                                                   indicated

                                             May 1 (r)   May 15

 1 Reserve balances with Reserve Banks (2)    10,243      8,524
 2 Total vault cash (3)                       42,082     41,833
 3   Applied vault cash (4)                   31,999     30,368
 4   Surplus vault cash (5)                   10,084     11,464
 5 Total reserves (6)                         42,242     38,892
 6   Required reserves                        41,046     37,700
 7   Excess reserve balances at Reserve
      Banks (7)                                1,195      1,192
 8 Total borrowing at Reserve Banks               71        100
 9   Adjustment                                   l0          6
l0   Seasonal                                     62         95
11   Special Liquidity Facility (8)           ...          ...
12   Extended credit (9)                           0          0

                                              Prorated monthly averages
                                                 of biweekly averages

   Reserve classification

                                               Apr.         May

 1 Reserve balances with Reserve Banks (2)    9,740        9,211
 2 Total vault cash (3)                      42,016 (r)   41,824
 3   Applied vault cash (4)                  31,156 (r)   31,035
 4   Surplus vault cash (5)                  10,860 (r)   10,789
 5 Total reserves (6)                        40,896 (r)   40,246
 6   Required reserves                       39,688 (r)   38,982
 7   Excess reserve balances at Reserve       1,208        1,263
      Banks (7)
 8 Total borrowing at Reserve Banks              71          112
 9   Adjustment                                  21            7
10   Seasonal                                    50          105
11   Special Liquidity Facility (8)            ...          ...
12   Extended credit (9)                          0            0

                                               Biweekly averages of
                                             daily figures for two-week
                                              periods ending on dates
                                                   indicated

                                               May 29     June 12

 1 Reserve balances with Reserve Banks (2)     10,014      7,894
 2 Total vault cash (3)                        41,959     40,687
 3   Applied vault cash (4)                    31,860     29,442
 4   Surplus vault cash (5)                    10,098     11,245
 5 Total reserves (6)                          41,874     37,335
 6   Required reserves                         40,516     36,197
 7   Excess reserve balances at Reserve         1,358      1,138
      Banks (7)
 8 Total borrowing at Reserve Banks               127        116
 9   Adjustment                                    10          3
l0   Seasonal                                     117        113
11   Special Liquidity Facility (8)              ...        ...
12   Extended credit (9)                            0          0

(1.) Data in this table also appear in the Board's H.3 (502) weekly
statistical release. For ordering address, see inside front cover.
Data are not break-adjusted or seasonally adjusted.

(2.) Excludes required clearing balances and adjustments to compensate
for float and includes other off-balance-sheet "as-of" adjustments.

(3.) Vault cash eligible to satisfy reserve requirements. It includes
only vault cash held by those banks and thrift institutions that are
not exempt from reserve requirements. Dates refer to the maintenance
periods in which the vault cash can be used to satisfy reserve
requirements.

(4.) All vault cash held during the lagged computation period by
"bound" institutions (that is, those whose required reserves exceed
their vault cash) plus the amount of vault cash applied during the
maintenance period by "nonbound" institutions (that is, those whose
vault cash exceeds their required reserves) to satisfy current
reserve requirements.

(5.) Total vault cash (line 2) less applied vault cash (line 3).

(6.) Reserve balances with Federal Reserve Banks (line 1) plus
applied vault cash (line 3).

(7.) Total reserves (line 5) less required reserves (line 6).

(8.) Borrowing at the discount window under the terms and conditions
established for the Century Date Change Special Liquidity Facility in
effect from October 1, 1999, through April 7, 2001).

(9.) Consists of borrowing at the discount window under the terms and
conditions established for the extended credit program to help
depository institutions deal with sustained liquidity pressures.
Because there is not the same need to repay such borrowing promptly as
with traditional short-term adjustment credit, the money market effect
of extended credit similar to that of nonborrowed reserves.
1.14  FEDERAL RESERVE BANK INTEREST RATES

Percent per year

                       Current and previous levels

                          Adjustment credit (1)

Federal Reserve
Bank                On      Effective date   Previous rate
                  7/12/02

Boston             1.25        12/11/01          1.50
New York           1.25        12/11/01          1.50
Philadelphia       1.25        12/11/01          1.50
Cleveland          1.25        12/13/01          1.50
Richmond           1.25        12/13/01          1.50
Atlanta            1.25        12/13/01          1.50

Chicago            1.25        12/11/01          1.50
St. Louis          1.25        12/12/01          1.50
Minneapolis        1.25        12/13/01          1.50
Kansas City        1.25        12/13/01          1.50
Dallas             1.25        12/13/01          1.50
San Francisco      1.25        12/11/01          1.50

                       Current and previous levels

                             Seasonal credit (2)

Federal Reserve
Bank                On      Effective date   Previous rate
                  7/12/02

Boston             1.75        7/11/02           1.80
New York           1.75        7/11/02           1.80
Philadelphia       1.75        7/11/02           1.80
Cleveland          1.75        7/11/02           1.80
Richmond           1.75        7/11/02           1.80
Atlanta            1.75        7/11/02           1.80

Chicago            1.75        7/11/02           1.80
St. Louis          1.75        7/11/02           1.80
Minneapolis        1.75        7/11/02           1.80
Kansas City        1.75        7/11/02           1.80
Dallas             1.75        7/11/02           1.80
San Francisco      1.75        7/11/02           1.80

                       Current and previous levels

                           Extended credit (3)

Federal Reserve
Bank                On      Effective date   Previous rate
                  7/12/02

Boston             2.25        7/11/02           2.30
New York           2.25        7/11/02           2.30
Philadelphia       2.25        7/11/02           2.30
Cleveland          2.25        7/11/02           2.30
Richmond           2.25        7/11/02           2.30
Atlanta            2.25        7/11/02           2.30

Chicago            2.25        7/11/02           2.30
St. Louis          2.25        7/11/02           2.30
Minneapolis        2.25        7/11/02           2.30
Kansas City        2.25        7/11/02           2.30
Dallas             2.25        7/11/02           2.30
San Francisco      2.25        7/11/02           2.30

Range of rates for adjustment credit in recent years (4)

                           Range (or    F.R. Bank
Effective date            level)--All     of
                           F.R. Banks     N.Y.

In effect Dec. 31, 1981        12         12

 1982--July 20              11.5-12      11.5
            23               11.5        11.5
        Aug. 2              11-11.5      11
             3                11         11
            16               10.5        10.5
            27              10-10.5      10
            30                10         10
       Oct. 12              9.5-10        9.5
            13                9.5         9.5
       Nov. 22               9-9.5        9
            26                 9          9
       Dec. 14               8.5-9        9
            15               8.5-9        8.5
            17                8.5         8.5
  1984--Apr. 9               8.5-9        9
            13                 9          9
       Nov. 21               8.5-9        8.5
            26                8.5         8.5
       Dec. 24                 8          8
  1985--May 20               7.5-8        7.5
            24                7.5         7.5

  1986--Mar. 7               7-7.5        7
            10                 7          7
       Apr. 21               6.5-7        6.5
            23                6.5         6.5
       July 11                 6          6
       Aug. 21               5.5-6        5.5
            22                5.5         5.5

 1987--Sept. 4               5.5-6         6
            11                 6           6

  1988--Aug. 9               6-6.5        6.5
            11                6.5         6.5
 1989--Feb. 24               6.5-7         7
            27                 7           7

 1990--Dec. 19                6.5         6.5

  1991--Feb. 1               6-6.5        6
             4                 6          6
       Apr. 30               5.5-6        5.5
         May 2                5.5         5.5

1991--Sept. 13               5-5.5        5
            17                 5          5
        Nov. 6               4.5-5        4.5
             7                4.5         4.5
       Dec. 20              3.5-4.5       3.5
            24                3.5         3.5

  1992--July 2               3-3.5        3
             7                 3          3

  1994--May 17               3-3.5        3.5
            18                3.5         3.5
       Aug. 16               3.5-4        4
            18                 4          4
       Nov. 15              4-4.75        4.75
            17               4.75         4.75

  1995--Feb. 1             4.75-5.25      5.25
             9               5.25         5.25

 1996--Jan. 31             5.00-5.25      5.00
        Feb. 3               5.00         5.00

 1998--Oct. 15             4.75-5.00      4.75
            16               4.75         4.75
       Nov. 17             4.50-4.75      4.50
            19               4.50         4.50

 1999--Aug. 24             4.50.4.75      4.75
            26               4.75         4.75
       Nov. 16             4.75-5.00      4.75
            18               5.00         5.00

  2000--Feb. 2             5.00-5.25      5.25
             4               5.25         5.25
       Mar. 21             5.25-5.50      5.50
            23               5.50         5.50
        May 16             5.50-6.00      5.50
            19               6.00         6.00
  2001--Jan. 3             5.75-6.00      5.75
             4             5.50-5.75      5.50
             5               5.50         5.50
            31             5.00-5.50      5.00
        Feb. 1               5.00         5.00
       Mar. 20             4.50-5.00      4.50
            21               4.50         4.50
       Apr. 18             4.00-4.50      4.00
            20               4.00         4.00

  2001--May 15             3.50-4.00      3.50
            17               3.50         3.50
       June 27             3.25-3.50      3.25
            29               3.25         3.25
       Aug. 21             3.00-3.25      3.00
            23               3.00         3.00
      Sept. 17             2.50-3.00      2.50
            18               2.50         2.50
        Oct. 2             2.00-2.50      2.00
             4               2.00         2.00
        Nov. 6             1.50-2.00      1.50
             8               1.50         1.50
       Dec. 11             1.25-1.50      1.25
            13               1.25         1.25

In effect July 12, 2002      1.25         1.25

(1.) Available on a short-term basis to help depository institutions
meet temporary needs for funds that cannot be met through reasonable
alternative sources. The highest rate established for loans to
depository institutions may be charged on adjustment credit loans of
unusual size that result from a major operating problem at the
borrower's facility.

(2.) Available to help relatively small depository institutions meet
regular seasonal needs for funds that arise from a clear pattern of
intrayearly movements in their deposits and loans and that cannot
be met through special industry lenders. The discount rate on seasonal
credit takes into account rates charged by market sources of funds and
ordinarily is reestablished on the first business day of each two-week
reserve maintenance period; however, it is never less than the discount
rate applicable to adjustment credit.

(3.) May be made available to depository institutions when similar
assistance is not reasonably available from other sources, including
special industry lenders. Such credit may be provided when exceptional
circumstances (including sustained deposit drains, impaired access
to money market funds, or sudden deterioration in loan repayment
performance) or practices involve only a particular institution, or
to meet the needs of institutions experiencing difficulties adjusting
to changing market conditions over a longer period (particularly at
times of deposit disintermediation). The discount rate applicable to
adjustment credit ordinarily is charged on extended-credit loans
outstanding less than thirty days; however, at the discretion of the
Federal Reserve Bank, this time period may be shortened. Beyond this
initial period, a flexible rate somewhat above rates charged on market
sources of funds is charged. The rate ordinarily is reestablished on
the first business day of each two-week reserve maintenance period,
but it is never less than the discount rate applicable to adjustment
credit plus 50 basis points.

(4.) For earlier data, see the following publications of the Board of
Governors: Banking and Monetary Statistics, 1914-194l, and 1941-1970;
and the Annual Statistical Digest, 1970-1979, and 1980-1989; and
Statistical Digest, 1996-2000. See also the Board's Statistics:
Releases and Historical Data web pages (http://www.federalreserve.
gov/releases/H15/data.htm).
1.15 RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS (1)

                                  Requirement
Type of deposit
                                  Percentage of   Effective date
                                    deposits

  Net transaction accounts (2)
1 $0 million-S41.3 million (3)          3            12/27/01
2 More than $41.3 million (4)          10            12/27/01

3 Nonpersonal time deposits (5)         0            12/27/90

4 Eurocurrency liabilities (6)          0            12/27/90

(1.) Required reserves must be held in the form of deposits with
Federal Reserve Banks or vault cash. Nonmember institutions may
maintain reserve balances with a Federal Reserve Bank indirectly,
on a pass-through basis, with certain approved institutions. For
previous reserve requirements, see earlier editions of the Annual
Report or the Federal Reserve Bulletin. Under the Monetary Control
Act of 1980, depository institutions include commercial banks,
savings banks, savings and loan associations, credit unions, agencies
and branches of foreign banks, and Edge Act corporations.

(2.) Transaction accounts include all deposits against which the
account holder is permitted to make withdrawals by negotiable or
transferable instruments, payment orders of withdrawal, or telephone
or preauthorized transfers for the purpose of making payments to third
persons or others. However, accounts subject to the rules that permit
no more than six preauthorized, automatic, or other transfers per
month (of which no more than three may be by check, draft, debit card,
or similar order payable directly to third parties) are savings
deposits, not transaction accounts.

(3.) The Monetary Control Act of 1980 requires that the amount of
transaction accounts against which the 3 percent reserve requirement
applies be modified annually by 80 percent of the percentage of the
change in transaction accounts held by all depository institutions,
determined as of June 30 of each year. Effective with the reserve
maintenance period beginning December 27, 2001, for depository
institutions that report weekly, and with the period beginning January
17, 2002, for institutions that report quarterly, the amount was
decreased from $42.8 million to $41.3 million.

Under the Garn-St Germain Depository Institutions Act of 1982, the
Board adjusts the amount of reservable liabilities subject to a zero
percent reserve requirement each year for the succeeding calendar
year by 80 percent of the percentage increase in the total reservable
liabilities of all depository institutions, measured on an annual
basis as of June 30. No corresponding adjustment is made in the event
of a decrease. The exemption applies only to accounts that would be
subject to a 3 percent reserve requirement. Effective with the reserve
maintenance period beginning December 27, 2001, for depository
institutions that report weekly, and with the period beginning January
17, 2002, for institutions that report quarterly, the exemption was
raised from $5.5 million to $5.7 million.

(4.) The reserve requirement was reduced from 12 percent to 10 percent
on April 2, 1992, for institutions that report weekly, and on April 16,
1992, for institutions that report quarterly.

(5.) For institutions that report weekly, the reserve requirement on
nonpersonal time deposits with an original maturity of less than 1.5
years was reduced from 3 percent to 1.5 percent for the maintenance
period that began December 13, 1990, and to zero for the maintenance
period that began December 27, 1990. For institutions that report
quarterly, the reserve requirement on nonpersonal time deposits with
an original maturity of less than 1.5 years was reduced from 3 percent
to zero on January 17, 1991.

The reserve requirement on nonpersonal time deposits with an
original maturity of 1.5 years or more has been zero since October
6, 1983.

(6.) The reserve requirement on eurocurrency liabilities was reduced
from 3 percent to zero in the same manner and on the same dates as the
reserve requirement on nonpersonal time deposits with an original
maturity of less than 1.5 years (see note 5).
1.17 FEDERAL RESERVE OPEN MARKET TRANSACTIONS (1)

Millions of dollars

Type of transaction                    1999        2000        2001
and maturity

   U.S. TREASURY SECURITIES (2)

  Outright transactions (excluding
      matched transactions)

Treasury bills

1  Gross purchases                           0       8,676      15,503
2  Gross sales                               0           0           0
3  Exchanges                           464,218     477,904     542,736
4  For new hills                       464,218     477,904     542,736
5  Redemptions                               0      24,522      10,095
  Others within one year
6  Gross purchases                      11,895       8,809      15,663
7  Gross sales                               0           0           0
8  Maturity shifts                      50,590      62,025      70,336
9  Exchanges                           -53,315     -54,656     -72,004
10 Redemptions                           1,429       3,779      16,802
  One to five years
11 Gross purchases                      19,731      14,482      22,814
12 Gross sales                               0           0           0
13 Maturity shifts                     -44,032     -52,068     -45,211
14 Exchanges                            42,604      46,177      64,519
  Five to ten years
15 Gross purchases                       4,303       5,871       6,003
16 Gross sales                               0           0           0
17 Maturity shifts                      -5,841      -6,801     -21,063
18 Exchanges                             7,583       6,585       6,063
  More than ten years
19 Gross purchases                       9,428       5,833       8,531
20 Gross sales                               0           0           0
21 Maturity shifts                        -717      -3,155      -4,062
22 Exchanges                             3,139       1,894       1,423
  All maturities
23 Gross purchases                      45,357      43,670      68,513
24 Gross sales                               0           0           0
25 Redemptions                           1,429      28,301      26,897

  Matched transactions
26 Gross purchases                   4,413,430   4,415,905   4,722,667
27 Gross sales                       4,431,685   4,397,835   4,724,743

  Repurchase agreements
28 Gross purchases                     281,599           0           0
29 Gross sales                         301,273           0           0

30 Net change in U.S.
    Treasury securities                  5,999      33,439      39,540

FEDERAL AGENCY OBLIGATIONS

  Outright transactions
31 Gross purchases                           0           0           0
32 Gross sales                               0           0           0
33 Redemptions                             157          51         120

  Repurchase agreements
34 Gross purchases                     360,069           0           0
35 Gross sales                         370,772           0           0

36 Net change in federal
    agency obligations                 -10,859         -51        -120

  Reverse repurchase agreements
37 Gross purchases                           0           0           0
38 Gross sales                               0           0           0

  Repurchase agreements
39 Gross purchases                     304,989     890,236   1,497,713
40 Gross sales                         164,349     987,501   1,490,838

41 Net change in triparty
    obligations                        140,640     -97,265       6,875

42 Total net change in System
    Open Market Account                135,780     -63,877      46,295

                                               2001

Type of transaction                   Oct.      Nov.      Dec.
and maturity

U.S. TREASURY SECURITIES (2)

  Outright transactions (excluding
      matched transactions)

Treasury bills

1  Gross purchases                       772     3,075       812
2  Gross sales                             0         0         0
3  Exchanges                          44,132    59,292    43,771
4  For new hills                      44,132    59,292    43,771
5  Redemptions                             0         0         0
  Others within one year
6  Gross purchases                     1,411     1,408     2,942
7  Gross sales                             0         0         0
8  Maturity shifts                     6,535     5,873     5,235
9  Exchanges                         -11,809    -9,559    -6,666
10 Redemptions                           473         0         0
  One to five years
11 Gross purchases                        22     1,920       634
12 Gross sales                             0         0         0
13 Maturity shifts                    -2,164    -3,073    -5,235
14 Exchanges                          11,809     7,967     6,666
  Five to ten years
15 Gross purchases                       422       459       101
16 Gross sales                             0         0         0
17 Maturity shifts                    -4,372    -1,824         0
18 Exchanges                               0     1,592         0
  More than ten years
19 Gross purchases                     1,184         0       448
20 Gross sales                             0         0         0
21 Maturity shifts                         0      -975         0
22 Exchanges                               0         0         0
  All maturities
23 Gross purchases                     3,811     6,862     4,937
24 Gross sales                             0         0         0
25 Redemptions                           473         0         0

  Matched transactions
26 Gross purchases                   431,887   377,247   387,033
27 Gross sales                       425,110   378,129   390,617

  Repurchase agreements
28 Gross purchases                         0         0         0
29 Gross sales                             0         0         0

30 Net change in U.S.
    Treasury securities               10,114     5,980     1,354

FEDERAL AGENCY OBLIGATIONS

  Outright transactions
31 Gross purchases                         0         0         0
32 Gross sales                             0         0         0
33 Redemptions                             0         0         0

  Repurchase agreements
34 Gross purchases                         0         0         0
35 Gross sales                             0         0         0

36 Net change in federal
    agency obligations                     0         0         0

  Reverse repurchase agreements
37 Gross purchases                         0         0         0
38 Gross sales                             0         0         0

  Repurchase agreements
39 Gross purchases                   110,885   121,530   117,650
40 Gross sales                       113,715   130,080   103,900

41 Net change in triparty
    obligations                       -2,830    -8,550    13,750

42 Total net change in System
    Open Market Account                7,284    -2,570    15,104

                                                  2002

Type of transaction                  Jan.     Feb.     Mar.     Apr.
and maturity

U.S. TREASURY SECURITIES (2)

  Outright transactions (excluding
      matched transactions)

Treasury bills

1  Gross purchases                    2,772    1,042    3,013    1,047
2  Gross sales                            0        0        0        0
3  Exchanges                         55,521   54,619   48,483   45,376
4  For new hills                     55,521   54,619   48,483   45,376
5  Redemptions                            0        0        0        0
  Others within one year
6  Gross purchases                        0    2,894    1,455    2,709
7  Gross sales                            0        0        0        0
8  Maturity shifts                    5,850    7,537        0   14,515
9  Exchanges                         -5,766   -8,432        0  -15,522
10 Redemptions                            0        0        0        0
  One to five years
11 Gross purchases                    2,872    1,101    2,181    1,142
12 Gross sales                            0        0        0        0
13 Maturity shifts                   -5,850   -6,283        0  -14,515
14 Exchanges                          5,766    7,679        0   15,522
  Five to ten years
15 Gross purchases                        0      334      637    1,670
16 Gross sales                            0        0        0        0
17 Maturity shifts                        0     -501        0        0
18 Exchanges                              0      753        0        0
  More than ten years
19 Gross purchases                      582    1,054      291      210
20 Gross sales                            0        0        0        0
21 Maturity shifts                        0     -753        0        0
22 Exchanges                              0        0        0        0
  All maturities
23 Gross purchases                    6,226    6,425    7,577    6,777
24 Gross sales                            0        0        0        0
25 Redemptions                            0        0        0        0

  Matched transactions
26 Gross purchases                  407,791  367,906  393,273  436,936
27 Gross sales                      404,296  368,060  393,151  437,881

  Repurchase agreements
28 Gross purchases                        0        0        0        0
29 Gross sales                            0        0        0        0

30 Net change in U.S.
    Treasury securities               9,720    6,271    7,699    5,833

FEDERAL AGENCY OBLIGATIONS

  Outright transactions
31 Gross purchases                        0        0        0        0
32 Gross sales                            0        0        0        0
33 Redemptions                            0        0        0        0

  Repurchase agreements
34 Gross purchases                        0        0        0        0
35 Gross sales                            0        0        0        0

36 Net change in federal
    agency obligations                    0        0        0        0

  Reverse repurchase agreements
37 Gross purchases                        0        0        0        0
38 Gross sales                            0        0        0        0

  Repurchase agreements
39 Gross purchases                  118,550  101,749   70,850  102,200
40 Gross sales                      131,300  104,750   75,849  100,200

41 Net change in triparty
    obligations                     -12,750   -3,001   -4,999    2,000

42 Total net change in System
    Open Market Account              -3,030    3,270    2,700    7,833

(1.) Sales, redemptions, and negative figures reduce holdings of the
System Open Market Account; all other figures increase such holdings.

(2.) Transactions exclude changes in compensation for the effects of
inflation on the principal of inflation-indexed securities.
1.18 FEDERAL RESERVE BANKS Condition and
Federal Reserve Note Statements (1)

Millions of dollars

                                                     Wednesday

                                                       2002

Account                                      May 1     May 8    May 15

                                              Consolidated condition
                                                     statement

ASSETS

 1 Gold certificate account                  11,044    11,044    11,044
 2 Special drawing rights certificate
       account                                2,200     2,200     2,200
 3 Coin                                         982       973       962

   Loans
 4 To depository institutions                    96        92       104
 5 Other                                          0         0         0
 6 Acceptances held under repurchase
       agreements                                 0         0         0

   Triparty obligations
 7 Repurchase agreements--triparty (2)       34,500    19,000    28,251

   Federal agency obligations (3)
 8 Bought outright                               10        10        10
 9 Held under repurchase agreements               0         0         0

10 Total U.S. Treasury securities (3)       580,860   583,672   585,767

11 Bought outright (4)                      580,860   583,672   585,767
12   Bills                                  192,016   194,812   195,376
13   Notes                                  283,536   283,545   285,069
14   Bonds                                  105,308   105,315   105,322
15 Held under repurchase agreements               0         0         0

16 Total loans and securities               615,467   602,774   614,132

17 Items in process of collection             8,587     8,527     6,583
18 Bank premises                              1,512     1,514     1,514

   Other assets
19 Denominated in foreign currencies (5)     14,981    14,899    14,974
20 All other (6)                             22,294    22,745    19,230

21 Total assets                             677,066   664,674   670,639

LIABILITIES

22 Federal Reserve notes                    614,024   616,279   616,766
23 Reverse repurchase
       agreements--triparty (2)                   0         0         0

24 Total deposits                            35,582    21,955    27,546

25 Depository institutions                   30,954    16,169    22,254
26 U.S. Treasury--General account             4,323     5,452     4,968
27 Foreign--Official accounts                    92        82       108
28 Other                                        212       251       216

29 Deferred credit items                      8,592     7,686     7,348
30 Other liabilities and accrued
       dividends (7)                          2,373     2,415     2,447

31 Total liabilities                        660,571   648,335   654,108

CAPITAL ACCOUNTS

32 Capital paid in                            8,056     8,101     8,080
33 Surplus                                    7,300     7,303     7,310
34 Other capital accounts                     1,139       936     1,140

35 Total liabilities and capital accounts   677,066   664,674   670,639

MEMO

36 Marketable U.S. Treasury securities
       held in custody for foreign and
       international accounts                  n.a.      n.a.      n.a.

                                               Federal Reserve note
                                                     statement

37 Federal Reserve notes outstanding
       (issued to Banks)                    748,783   749,316   750,911
38   LESS: Held by Federal Reserve Banks    134,759   133,037   134,145
39   Federal Reserve notes, net             614,024   616,279   616,766

   Collateral held against notes, net
40 Gold certificate account                  11,044    11,044    11,044
41 Special drawing rights certificate
       account                                2,200     2,200     2,200
42 Other eligible assets                          0       353         0
43 U.S. Treasury and agency securities      600,780   602,682   603,523

44 Total collateral                         614,024   616,279   616,766

                                                Wednesday

                                                  2002

Account                                     May 22    May 29

                                              Consolidated
                                                condition
                                                statement

ASSETS

 1 Gold certificate account                  11,044    11,044
 2 Special drawing rights certificate
       account                                2,200     2,200
 3 Coin                                         937       928

   Loans
 4 To depository institutions                   135       146
 5 Other                                          0         0
 6 Acceptances held under repurchase
       agreements                                 0         0

   Triparty obligations
 7 Repurchase agreements--triparty (2)       23,500    47,425

   Federal agency obligations (3)
 8 Bought outright                               10        10
 9 Held under repurchase agreements               0         0

10 Total U.S. Treasury securities (3)       584,602   587,559

11 Bought outright (4)                      584,602   587,559
12   Bills                                  193,218   194,822
13   Notes                                  286,010   287,329
14   Bonds                                  105,374   105,408
15 Held under repurchase agreements               0         0

16 Total loans and securities               608,247   635,140

17 Items in process of collection             6,470    10,850
18 Bank premises                              1,515     1,516

   Other assets
19 Denominated in foreign currencies (5)     15,362    15,396
20 All other (6)                             19,681    20,152

21 Total assets                             665,456   697,225

LIABILITIES

22 Federal Reserve notes                    618,818   623,847
23 Reverse repurchase
       agreements--triparty (2)                   0         0

24 Total deposits                            20,211    44,379

25 Depository institutions                   15,897    40,014
26 U.S. Treasury--General account             4,024     3,947
27 Foreign--Official accounts                    72       208
28 Other                                        217       210

29 Deferred credit items                      7,022     9,693
30 Other liabilities and accrued
       dividends (7)                          2,469     2,522

31 Total liabilities                        648,519   680,441

CAPITAL ACCOUNTS

32 Capital paid in                            8,096     8,267
33 Surplus                                    7,312     7,312
34 Other capital accounts                     1,530     1,206

35 Total liabilities and capital accounts   665,456   697,225

MEMO

36 Marketable U.S. Treasury securities
       held in custody for foreign and
       international accounts                  n.a.      n.a.

                                             Federal Reserve
                                             note statement

37 Federal Reserve notes outstanding
       (issued to Banks)                    751,975   752,137
38   LESS: Held by Federal Reserve Banks    133,157   128,290
39   Federal Reserve notes, net             618,818   623,847

   Collateral held against notes, net
40 Gold certificate account                  11,044    11,044
41 Special drawing rights certificate
       account                                2,200     2,200
42 Other eligible assets                          0         0
43 U.S. Treasury and agency securities      605,574   610,603

44 Total collateral                         618,818   623,847

                                                    End of month

                                                       2002

Account                                       Mar.      Apr.       May

                                              Consolidated condition
                                                     statement

ASSETS

 1 Gold certificate account                  11,044    11,044    11,044
 2 Special drawing rights certificate
       account                                2,200     2,200     2,200
 3 Coin                                       1,094       989       947

   Loans
 4 To depository institutions                    20        72       124
 5 Other                                          0         0         0
 6 Acceptances held under repurchase
       agreements                                 0         0         0

   Triparty obligations
 7 Repurchase agreements--triparty (2)       29,500    31,500    28,000

   Federal agency obligations (3)
 8 Bought outright                               10        10        10
 9 Held under repurchase agreements               0         0         0

10 Total U.S. Treasury securities (3)       575,356   581,308   587,189

11 Bought outright (4)                      575,356   581,308   587,189
12   Bills                                  192,364   192,466   193,752
13   Notes                                  278,463   283,535   288,027
14   Bonds                                  104,530   105,307   105,410
15 Held under repurchase agreements               0         0         0

16 Total loans and securities               604,886   612,891   615,323

17 Items in process of collection             5,306     9,541     5,059
18 Bank premises                              1,511     1,512     1,514

   Other assets
19 Denominated in foreign currencies (5)     14,379    14,872    15,432
20 All other (6)                             21,681    22,220    19,728

21 Total assets                             662,100   675,268   671,247

LIABILITIES

22 Federal Reserve notes                    609,749   613,166   621,288
23 Reverse repurchase
       agreements--triparty (2)                   0         0         0

24 Total deposits                            28,544    33,279    24,779

25 Depository institutions                   22,415    27,495    18,561
26 U.S. Treasury--General account             5,692     5,387     5,883
27 Foreign--Official accounts                   256       111       128
28 Other                                        181       287       207

29 Deferred credit items                      5,645     9,621     5,677
30 Other liabilities and accrued
       dividends (7)                          2,436     2,388     2,556

31 Total liabilities                        646,373   658,455   654,299

CAPITAL ACCOUNTS

32 Capital paid in                            7,648     8,056     8,268
33 Surplus                                    7,270     7,290     7,312
34 Other capital accounts                       809     1,468     1,368

35 Total liabilities and capital accounts   662,100   675,268   671,247

MEMO

36 Marketable U.S. Treasury securities
       held in custody for foreign and
       international accounts                  n.a.      n.a.      n.a.

                                               Federal Reserve note
                                                     statement

37 Federal Reserve notes outstanding
       (issued to Banks)                    747,765   749,056   751,591
38   LESS: Held by Federal Reserve Banks    138,016   135,890   130,303
39   Federal Reserve notes, net             609,749   613,166   621,288

   Collateral held against notes, net
40 Gold certificate account                  11,044    11,044    11,044
41 Special drawing rights certificate
       account                                2,200     2,200     2,200
42 Other eligible assets                          0         0         0
43 U.S. Treasury and agency securities      596,505   599,923   608,044

44 Total collateral                         609,749   613,166   621,288

(1.) Some of the data in this table also appear in the Board's H.4.1
(503) weekly statistical release. For ordering address, see inside
front cover.

(2.) Cash value of agreements arranged through third-party custodial
banks.

(3.) Face value of the securities.

(4.) Includes securities loaned--fully guaranteed by U.S. Treasury
securities pledged with Federal Reserve Banks--and includes
compensation that adjusts for the effects of inflation on the
principal of inflation-indexed securities. Excludes securities
sold and scheduled to be bought back under matched sale-purchase
transactions.

(5.) Valued monthly at market exchange rates.

(6.) Includes special investment account at the Federal Reserve Bank
of Chicago in Treasury bills maturing within ninety days.

(7.) Includes exchange-translation account reflecting the monthly
revaluation at market exchange rates of foreign exchange commitments.
1.19 FEDERAL RESERVE BANKS Maturity Distribution of Loan and Security
Holding

Millions of dollars

                                                Wednesday

                                                   2002

Type of holding and maturity             May 1     May 8    May 15

 1 Total loans                               96        92       104

 2 Within fifteen days (1)                   19        14        19
 3 Sixteen days to ninety days               77        78        85
 4 91 days to 1 year                          0         0         0

 5 Total U.S. Treasury securities (2)   580,860   583,672   585,767

 6 Within fifteen days (1)               22,521    27,663    23,438
 7 Sixteen days to ninety days          122,738   125,948   127,337
 8 Ninety-one days to one year          138,748   133,193   136,341
 9 One year to five years               161,353   161,355   165,488
10 Five years to ten years               53,999    54,005    51,648
11 More than ten years                   81,502    81,509    81,515

12 Total federal agency obligations          10        10        10

13 Within fifteen days (1)                    0         0         0
14 Sixteen days to ninety days                0         0         0
15 Ninety-one days to one year                0         0         0
16 One year to five years                    10        10        10
17 Five years to ten years                    0         0         0
18 More than ten years                        0         0         0

                                           Wednesday

                                              2002

Type of holding and maturity            May 22    May 29

 1 Total loans                              135       146

 2 Within fifteen days (1)                  130       140
 3 Sixteen days to ninety days                6         7
 4 91 days to 1 year                          0         0

 5 Total U.S. Treasury securities (2)   584,602   587,559

 6 Within fifteen days (1)               26,794    26,248
 7 Sixteen days to ninety days          126,403   128,379
 8 Ninety-one days to one year          131,761   133,249
 9 One year to five years               166,467   166,469
10 Five years to ten years               51,654    51,685
11 More than ten years                   81,522    81,529

12 Total federal agency obligations          10        10

13 Within fifteen days (1)                    0         0
14 Sixteen days to ninety days                0         0
15 Ninety-one days to one year                0         0
16 One year to five years                    10        10
17 Five years to ten years                    0         0
18 More than ten years                        0         0

                                               End of month

                                                   2002

Type of holding and maturity             Mar.      Apr.       May

 1 Total loans                               20        72       124

 2 Within fifteen days (1)                   18        66       101
 3 Sixteen days to ninety days                1         6        23
 4 91 days to 1 year                          0         0         0

 5 Total U.S. Treasury securities (2)   575,355   581,308   587,189

 6 Within fifteen days (1)                9,609    16,152     3,941
 7 Sixteen days to ninety days          139,985   129,556   143,242
 8 Ninety-one days to one year          133,054   138,748   139,075
 9 One year to five years               159,198   161,353   167,479
10 Five years to ten years               52,250    53,998    51,920
11 More than ten years                   81,259    81,501    81,531

12 Total federal agency obligations          10        10        10

13 Within fifteen days (1)                    0         0         0
14 Sixteen days to ninety days                0         0         0
15 Ninety-one days to one year                0         0         0
16 One year to five years                    10        10        10
17 Five years to ten years                    0         0         0
18 More than ten years                        0         0         0

(1.) Holdings under repurchase agreements are classified as maturing
within fifteen days in accordance with maximum maturity of the
agreements.

(2.) Includes compensation that adjusts for the effects of inflation
on the principal of inflation-indexed securities.
1.20 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND
MONETARY BASE (1)

Billions of dollars, averages of daily figures

                                          1998       1999
Item                                      Dec.       Dec.

                                        Seasonally adjusted

ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (2)

 1 Total reserves (3)                      45.14       41.82
 2 Nonborrowed reserves (4)                45.02       41.50
 3 Nonborrowed reserves plus
      extended credit (5)                  45.02       41.50
 4 Required reserves                       43.62       40.53
 5 Monetary base (6)                      513.55      593.12

                                           Not seasonally
                                              adjusted

 6 Total reserves (7)                      45.31       41.89
 7 Nonborrowed reserves                    45.19       41.57
 8 Nonborrowed reserves plus extended
     credits (5)                           45.19       41.57
 9 Required reserves (8)                   43.80       40.59
10 Monetary base (9)                      518.27      600.72

NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (10)

11 Total reserves (11)                     45.21       41.65
12 Nonborrowed reserves                    45.09       41.33
13 Nonborrowed reserves plus extended
     credits (5)                           45.09       41.33
14 Required reserves                       43.70       40.36
15 Monetary base (12)                     525.06      608.02
16 Excess reserves (13)                     1.51        1.30
17 Borrowings from the Federal
     Reserve                                 .12         .32

                                          2000       2001
Item                                      Dec.     Dec. (r)

                                        Seasonally adjusted

ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (2)

 1 Total reserves (3)                      38.54       41.22
 2 Nonborrowed reserves (4)                38.33       41.15
 3 Nonborrowed reserves plus
      extended credit (5)                  38.33       41.15
 4 Required reserves                       37.11       39.58
 5 Monetary base (6)                      584.04      634.41

                                           Not seasonally
                                              adjusted

 6 Total reserves (7)                      38.53       41.20
 7 Nonborrowed reserves                    38.32       41.13
 8 Nonborrowed reserves plus extended
     credits (5)                           38.32       41.13
 9 Required reserves (8)                   37.10       39.55
10 Monetary base (9)                      590.06      639.91

NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (10)

11 Total reserves (11)                     38.47       41.08
12 Nonborrowed reserves                    38.26       41.01
13 Nonborrowed reserves plus extended
     credits (5)                           38.26       41.01
14 Required reserves                       37.05       39.43
15 Monetary base (12)                     596.98      648.74
16 Excess reserves (13)                     1.43        1.65
17 Borrowings from the Federal
     Reserve                                 .21         .07

                                                     2001

Item                                    Oct. (r)   Nov. (r)    Dec. (r)

                                              Seasonally adjusted

ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (2)

 1 Total reserves (3)                      45.22       40.87      41.22
 2 Nonborrowed reserves (4)                45.10       40.78      41.15
 3 Nonborrowed reserves plus
      extended credit (5)                  45.10       40.78      41.15
 4 Required reserves                       43.90       39.42      39.58
 5 Monetary base (6)                      629.95      629.37     634.41

                                            Not seasonally adjusted

 6 Total reserves (7)                      44.76       40.25      41.20
 7 Nonborrowed reserves                    44.63       40.17      41.13
 8 Nonborrowed reserves plus extended
     credits (5)                           44.63       40.17      41.13
 9 Required reserves (8)                   43.43       38.80      39.55
10 Monetary base (9)                      627.79      629.68     639.91

NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (10)

11 Total reserves (11)                     44.63       40.12      41.08
12 Nonborrowed reserves                    44.51       40.04      41.01
13 Nonborrowed reserves plus extended
     credits (5)                           44.51       40.04      41.01
14 Required reserves                       43.31       38.67      39.43
15 Monetary base (12)                     635.90      637.64     648.74
16 Excess reserves (13)                     1.33        1.45       1.65
17 Borrowings from the Federal
     Reserve                                 .13         .08        .07

                                               2002

Item                                    Jan. (r)   Feb. (r)

                                        Seasonally adjusted

ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (2)

 1 Total reserves (3)                      41.75       41.45
 2 Nonborrowed reserves (4)                41.70       41.42
 3 Nonborrowed reserves plus
      extended credit (5)                  41.70       41.42
 4 Required reserves                       40.36       40.08
 5 Monetary base (6)                      640.86      646.18

                                           Not seasonally
                                              adjusted

 6 Total reserves (7)                      43.71       42.47
 7 Nonborrowed reserves                    43.66       42.44
 8 Nonborrowed reserves plus extended
     credits (5)                           43.66       42.44
 9 Required reserves (8)                   42.33       41.11
10 Monetary base (9)                      644.27      645.71

NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (10)

11 Total reserves (11)                     43.73       42.49
12 Nonborrowed reserves                    43.68       42.46
13 Nonborrowed reserves plus extended
     credits (5)                           43.68       42.46
14 Required reserves                       42.34       41.12
15 Monetary base (12)                     653.28      654.93
16 Excess reserves (13)                     1.39        1.37
17 Borrowings from the Federal
     Reserve                                 .05         .03

                                               2002

Item                                    Mar. (r)   Apr.  (r)      May

                                              Seasonally adjusted

ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (2)

 1 Total reserves (3)                      41.01       40.76      39.12
 2 Nonborrowed reserves (4)                40.94       40.69      39.01
 3 Nonborrowed reserves plus
      extended credit (5)                  40.94       40.69      39.01
 4 Required reserves                       39.60       39.55      37.86
 5 Monetary base (6)                      649.64      653.90     657.80

                                            Not seasonally adjusted

 6 Total reserves (7)                      40.27       40.85      40.18
 7 Nonborrowed reserves                    40.19       40.78      40.07
 8 Nonborrowed reserves plus extended
     credits (5)                           40.19       40.78      40.07
 9 Required reserves (8)                   38.85       39.64      38.92
10 Monetary base (9)                      649.22      653.25     657.91

NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS (10)

11 Total reserves (11)                     40.30       40.90      40.25
12 Nonborrowed reserves                    40.22       40.83      40.13
13 Nonborrowed reserves plus extended
     credits (5)                           40.22       40.83      40.13
14 Required reserves                       38.88       39.69      38.98
15 Monetary base (12)                     658.76      663.34     668.05
16 Excess reserves (13)                     1.41        1.21       1.26
17 Borrowings from the Federal
     Reserve                                 .08         .07        .11

(1.) Latest monthly and biweekly figures are available from the Board's
H.3 (502) weekly statistical release. Historical data startingn 1959
and estimates of the effect on required reserves of changes in reserve
requirements are available from the Money and Reserves Projections
Section, Division of Monetary Affairs, Board of Governors of the
Federal Reserve System, Washington, DC 20551.

(2.) Figures reflect adjustments for discontinuities, or "breaks,"
associated with regulatory changes in reserve requirements. (See also
table 1.10.)

(3.) Seasonally adjusted, break-adjusted total reserves equal
seasonally adjusted, break-adjusted required reserves (line 4) plus
excess reserves (line 16).

(4.) Seasonally adjusted, break-adjusted nonborrowed reserves equal
seasonally adjusted, break-adjusted total reserves (line 1) less total
borrowings of depository institutions from the Federal Reserve
(line 17).

(5.) Extended credit consists of borrowing at the discount window under
the terms and conditions established for the extended credit program to
help depository institutions deal with sustained liquidity pressures.
Because there is not the same need to repay such borrowing promptly as
with traditional short-term adjustment credit, the money market effect
of extended credits similar to that of nonborrowed reserves.

(6.) The seasonally adjusted, break-adjusted monetary base consists of
(1) seasonally adjusted, break-adjusted total reserves (line 1), plus
(2) the seasonally adjusted currency component of the money stock, plus
(3) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly
reporters whose vault cash exceeds their required reserves) the
seasonally adjusted, break-adjusted difference between current vault
cash and the amount applied to satisfy current reserve requirements.

(7.) Break-adjusted total reserves equal break-adjusted required
reserves (line 9) plus excess reserves (line 16).

(8.) To adjust required reserves for discontinuities that are due to
regulatory changes in reserve requirements, a multiplicative procedure
is used to estimate what required reserves would have been in past
periods had current reserve requirements been in effect. Break-adjusted
required reserves include required reserves against transactions
deposits and nonpersonal time and savings deposits (but not reservable
nondeposit liabilities).

(9.) The break-adjusted monetary base equals (1) break-adjusted total
reserves (line 6), plus (2) the (unadjusted) currency component of the
money stock, plus (3) (for all quarterly reporters on the "Report of
Transaction Accounts, Other Deposits and Vault Cash" and for all those
weekly reporters whose vault cash exceeds their required reserves) the
break-adjusted difference between current vault cash and the amount
applied to satisfy current reserve requirements.

(10.) Reflects actual reserve requirements,ncluding those on nondeposit
liabilities, with no adjustments to eliminate the effects of
discontinuities associated with regulatory changes in reserve
requirements.

(11.) Reserve balances with Federal Reserve Banks plus vault cash used
to satisfy reserve requirements.

(12.) The monetary base, not break-adjusted and not seasonally
adjusted, consists of (1) total reserves (line 11), plus (2) required
clearing balances and adjustments to compensate for float at Federal
Reserve Banks, plus (3) the currency component of the money stock, plus
(4) (for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly
reporters whose vault cash exceeds their required reserves) the
difference between current vault cash and the amount applied to satisfy
current reserve requirements. Since February 1984, currency and vault
cash figures have been measured over the computation periods ending on
Mondays.

(13.) Unadjusted total reserves (line 11) less unadjusted required
reserves (line 14).
1.21 MONEY STOCK MEASURES (1)

Billions of dollars, averages of daily figures

                                            1998         1999
                  Item                      Dec.         Dec.

                                            Seasonally adjusted

   Measures (2)
 1 M1                                     1,096.5      1,124.4
 2 M2                                     4,380.5 (r)  4,650.3 (r)
 3 M3                                     6,041.0 (r)  6,541.8 (r)

   M1 components
 4 Currency (3)                             459.3        516.9
 5 Travelers checks (4)                       8.2          8.3
 6 Demand deposits (5)                      378.4        354.5
 7 Other checkable deposits (6)             250.5        244.7

   Nontransaction components
 8 In M2 (7)                              3,284.0 (r)  3,525.9 (r)
 9 In M3 only (8)                         1,660.5      1,891.6

   Commercials banks
10 Savings deposits, including MMDAs      1,187.5      1,289.1
11 Small time deposits (9)                  626.1        635.0
12 Large time deposits (10,11)              582.9        651.6

   Thrift institutions
13 Savings deposits, including MMDAs        414.7        449.7
14 Small time deposits (9)                  325.6        320.4
15 Large time deposits (10)                  88.6         91.1

   Money marker mutual funds
16 Retail                                   730.2 (r)    821.8 (r)
17 Institution-only                         543.1        639.0

   Repurchase agreements and eurodollars
18 Repurchase agreements (12)               293.4        336.0
19 Eurodollars(12)                          152.5        174.0

                                          Not seasonally adjusted

   Measures (2)
20 M1                                     1,120.4      1,148.3
21 M2                                     4,400.6 (r)  4,671.1 (r)
22 M3                                     6,069.8 (r)  6,573.5 (r)

   M1 components
23 Currency (3)                             463.3        521.5
24 Travelers checks (4)                       8.4          8.4
25 Demand deposits (5)                      395.9        371.8
26 Other checkable deposits (6)             252.8        246.6

   Nontransaction components
27 In M2 (7)                              3,280.2 (r)  3,522.8 (r)
28 In M3 only (8)                         1,669.2      1,902.4

   Commercial banks
29 Savings deposits, including MMDAs      1,186.0      1,288.8
30 Small time deposits (9)                  626.5        635.7
31 Large time deposits (10,11)              583.2        652.0

   Thrift institutions
32 Savings deposits, including MMDAs        414.2        449.6
33 Small time deposits (9)                  325.8        320.8
34 Large time deposits (10)                  88.6         91.2

   Money market mutual funds
35 Retail                                   727.7 (r)    828.1 (r)
36 Institution-only                         552.6        648.6

   Repurchase agreements and eurodollars
37 Repurchase agreements (12)               290.4        334.7
38 Eurodollars (12)                         154.5        176.0

                                             2000         2001
                  Item                       Dec.         Dec.

                                            Seasonally adjusted

   Measures (2)
 1 M1                                     1,088.9      1,179.3
 2 M2                                     4,936.0 (r)  5,454.8 (r)
 3 M3                                     7,115.5 (r)  8,029.1 (r)

   M1 components
 4 Currency (3)                             530.1        579.9
 5 Travelers checks (4)                       8.0          7.8
 6 Demand deposits (5)                      309.9        330.4
 7 Other checkable deposits (6)             240.9        261.1

   Nontransaction components
 8 In M2 (7)                              3,847.1 (r)  4,275.5 (r)
 9 In M3 only (8)                         2,179.5      2,574.4

   Commercials banks
10 Savings deposits, including MMDAs      1,423.7      1,745.8
11 Small time deposits (9)                  699.1        638.9
12 Large time deposits (10,11)              717.2        670.4

   Thrift institutions
13 Savings deposits, including MMDAs        452.1        561.5
14 Small time deposits (9)                  344.5        334.2
15 Large time deposits (10)                 102.9        113.9

   Money marker mutual funds
16 Retail                                   927.6 (r)    995.1 (r)
17 Institution-only                         799.1      1,207.2

   Repurchase agreements and eurodollars
18 Repurchase agreements (12)               364.0        372.1
19 Eurodollars(12)                          196.4        210.7

                                          Not seasonally adjusted

   Measures (2)
20 M1                                     1,112.3      1,203.5
21 M2                                     4,959.7 (r)  5,479.7 (r)
22 M3                                     7,150.8 (r)  8,067.4 (r)

   M1 components
23 Currency (3)                             535.2        584.9
24 Travelers checks (4)                       8.1          7.9
25 Demand deposits (5)                      326.5        348.2
26 Other checkable deposits (6)             242.5        262.5

   Nontransaction components
27 In M2 (7)                              3,847.4 (r)  4,276.3 (r)
28 In M3 only (8)                         2,191.1      2,587.7

   Commercial banks
29 Savings deposits, including MMDAs      1,426.9      1,750.2
30 Small time deposits (9)                  700.0        639.6
31 Large time deposits (10,11)              717.6        670.5

   Thrift institutions
32 Savings deposits, including MMDAs        453.1        562.9
33 Small time deposits (9)                  345.0        334.5
34 Large time deposits (10)                 103.0        114.0

   Money market mutual funds
35 Retail                                   922.4 (r)    989.0 (r)
36 Institution-only                         808.1      1,218.5

   Repurchase agreements and eurodollars
37 Repurchase agreements (12)               364.2        372.9
38 Eurodollars (12)                         198.2        211.9

                                                   2002

                  Item                       Feb.         Mar.

                                            Seasonally adjusted

   Measures (2)
 1 M1                                     1,184.4      1,187.3
 2 M2                                     5,500.6 (r)  5,497.2 (r)
 3 M3                                     8,060.9 (r)  8,057.5 (r)

   M1 components
 4 Currency (3)                             591.4        595.1
 5 Travelers checks (4)                       7.8          7.7
 6 Demand deposits (5)                       24.7        324.0
 7 Other checkable deposits (6)             260.4        260.5

   Nontransaction components
 8 In M2 (7)                              4,316.3 (r)  4,309.9 (r)
 9 In M3 only (8)                         2,560.2      2,560.3 (r)

   Commercials banks
10 Savings deposits, including MMDAs      1,806.2      1,814.1
11 Small time deposits (9)                  623.4        617.5
12 Large time deposits (10,11)              677.3        678.6

   Thrift institutions
13 Savings deposits, including MMDAs        590.2        603.9
14 Small time deposits (9)                  324.6        322.0
15 Large time deposits (10)                 114.5        113.8

   Money marker mutual funds
16 Retail                                   971.9 (r)    952.4 (r)
17 Institution-only                       1,177.4      1,177.2

   Repurchase agreements and eurodollars
18 Repurchase agreements (12)               375.3        372.8
19 Eurodollars(12)                          215.8        217.9 (r)

                                          Not seasonally adjusted

   Measures (2)
20 M1                                     1,171.7      1,189.3
21 M2                                     5,491.7 (r)  5,542.8 (r)
22 M3                                     8,092.3 (r)  8,139.6 (r)

   M1 components
23 Currency (3)                             591.0        596.1
24 Travelers checks (4)                       8.0          7.9
25 Demand deposits (5)                      316.9        322.7
26 Other checkable deposits (6)             255.8        262.7

   Nontransaction components
27 In M2 (7)                              4,320.0 (r)  4,353.5 (r)
28 In M3 only (8)                         2,600.6      2,596.9 (r)

   Commercial banks
29 Savings deposits, including MMDAs      1,796.1      1,824.8
30 Small time deposits (9)                  625.2        617.9
31 Large time deposits (10,11)              675.7        681.0

   Thrift institutions
32 Savings deposits, including MMDAs        586.9        607.4
33 Small time deposits (9)                  325.6        322.3
34 Large time deposits (10)                 114.2        114.2

   Money market mutual funds
35 Retail                                   986.2 (r)    981.0 (r)
36 Institution-only                       1,215.6      1,208.0

   Repurchase agreements and eurodollars
37 Repurchase agreements (12)               376.9        373.7
38 Eurodollars (12)                         218.2        220.0 (r)

                                                   2002

                  Item                       Apr.          May

                                           Seasonally adjusted

   Measures (2)
 1 M1                                     1,176.0      1,182.1
 2 M2                                     5,479.8 (r)  5,543.2
 3 M3                                     8,040.9 (r)  8,113.1

   M1 components
 4 Currency (3)                             599.5        605.2
 5 Travelers checks (4)                       7.7          7.8
 6 Demand deposits (5)                      309.4        305.8
 7 Other checkable deposits (6)             259.4        263.3

   Nontransaction components
 8 In M2 (7)                              4,303.9 (r)  4,361.1
 9 In M3 only (8)                         2,561.1 (r)  2,569.9

   Commercials banks
10 Savings deposits, including MMDAs      1,824.5      1,863.1
11 Small time deposits (9)                  613.6        619.1
12 Large time deposits (10,11)              688.0        690.4

   Thrift institutions
13 Savings deposits, including MMDAs        612.6        619.4
14 Small time deposits (9)                  319.3        311.4
15 Large time deposits (10)                 114.4        111.4

   Money marker mutual funds
16 Retail                                   933.9 (r)    948.2
17 Institution-only                       1,175.2      1,185.1

   Repurchase agreements and eurodollars
18 Repurchase agreements (12)               365.9        364.9
19 Eurodollars(12)                          217.6 (r)    218.0

                                         Not seasonally adjusted

   Measures (2)
20 M1                                     1,188.3      1,177.4
21 M2                                     5,557.1 (r)  5,526.4
22 M3                                     8,132.1 (r)  8,107.6

   M1 components
23 Currency (3)                             599.7        605.3
24 Travelers checks (4)                       7.9          7.9
25 Demand deposits (5)                      309.9        300.1
26 Other checkable deposits (6)             270.9        264.1

   Nontransaction components
27 In M2 (7)                              4,368.8 (r)  4,349.0
28 In M3 only (8)                         2,574.9 (r)  2,581.2

   Commercial banks
29 Savings deposits, including MMDAs      1,851.1      1,861.4
30 Small time deposits (9)                  613.1        616.9
31 Large time deposits (10,11)              689.3        696.4

   Thrift institutions
32 Savings deposits, including MMDAs        621.5        618.8
33 Small time deposits (9)                  319.0        310.3
34 Large time deposits (10)                 114.6        112.4

   Money market mutual funds
35 Retail                                   964.1 (r)    941.6
36 Institution-only                       1,185.1      1,182.2

   Repurchase agreements and eurodollars
37 Repurchase agreements (12)               365.7        369.8
38 Eurodollars (12)                         220.2 (r)    220.4

NOTES TO TABLE 1.21

(1.) Latest monthly and weekly figures are available from the Board's
H.6 (508) weekly statistical release. Historical data starting in 1959
are available from the Money and Reserves Projections Section,
Division of Monetary Affairs, Board of Governors of the Federal Reserve
system, Washington, DC 20551.

(2.) Composition of the money stock measures is as follows:

M1: (1) currency outside the U.S. Treasury, Federal Reserve Banks, and
the vaults of depository institutions, (2) travelers checks of nonbank
issuers, (3) demand deposits at all commercial banks other than those
owed to depository institutions, the U.S. government, and foreign banks
and official institutions, less cash items in the process of collection
and Federal Reserve float, and (4) other checkable deposits (OCDs),
consisting of negotiable order of withdrawal (NOW) and automatic
transfer service (ATS) accounts at depository institutions, credit
union share draft accounts, and demand deposits at thrift institutions.
Seasonally adjusted M1 is computed by summing currency, travelers
checks, demand deposits, and OCDs, each seasonally adjusted separately.

M2: M1 plus (1) savings deposits (including MMDAs), (2)
small-denomination time deposits (time deposits--including retail
RPs--in amounts of less than $100,000), and (3) balances in retail
money market mutual funds. Excludes individual retirement accounts
(IRAs) and Keogh balances of depository institutions and money market
funds. Seasonally adjusted M2 is calculated by summing savings
deposits, small-denomination time deposits, and retail money fund
balances, each seasonally adjusted separately, and adding this result
to seasonally adjusted M1.

M3: M2 plus (1) large-denomination time deposits (in amounts of
$100,000 or more) issued by all depository institutions, (2) balances
in institutional money funds, (3) RP liabilities (overnight and term)
issued by all depository institutions, and (4) eurodollars (overnight
and term) held by U.S. residents at foreign branches of U.S. banks
worldwide and at all banking offices in the United Kingdom and Canada.
Excludes amounts held by depository institutions, the U.S. government,
money market funds, and foreign banks and official institutions.
Seasonally adjusted M3 is calculated by summing large time deposits,
institutional money fund balances, RP liabilities, and eurodollars,
each seasonally adjusted separately, and adding this result to
seasonally adjusted M2.

3. Currency outside the U.S. Treasury, Federal Reserve Banks. and
vaults of depository institutions.

4. Outstanding amount of U.S. dollar-denominated travelers checks of
nonbank issuers. Travelers checks issued by depository institutions
are included in demand deposits.

5. Demand deposits at commercial banks and foreign-related institutions
other than those owed to depository institutions, the U.S. government,
and foreign banks and official institutions, less cash items in the
process of collection and Federal Reserve float.

6. Consists of NOW and ATS account balances at all depository
institutions, credit union share draft account balances, and demand
deposits at thrift institutions.

7. Sum of (1) savings deposits (including MMDAs), (2) small time
deposits, and (3) retail money fund balances.

8. Sum of (1) large time deposits, (2) institutional money fund
balances, (3) RP liabilities (overnight and term) issued by depository
institutions, and (4) eurodollars (overnight and term) of U.S.
addressees.

9. Small time deposits--including retail RPs--are those issued in
amounts of less than $100,000. All IRAs and Keogh accounts at
commercial banks and thrift institutions are subtracted from small time
deposits.

10. Large time deposits are those issued in amounts of $100,000 or
more, excluding those booked at international banking facilities.

11. Large time deposits at commercial banks less those held by money
market funds, depository institutions, the U.S. government, and foreign
banks and official institutions.

12. Includes both overnight and term.
1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities (1)

A. All commercial banks

Billions of dollars

                                              Monthly averages

                  Account                   2001          2001

                                          May (r)   Nov. (r)  Dec. (r)

                                              Seasonally adjusted

   Assets
 1 Bank credit                             5,326.9   5,458.9    5,450.3
 2   Securities in bank credit             1,371.4   1,488.5    1,490.6
 3     U.S. government securities            758.7     812.0      830.1
 4     Other securities                      612.7     676.5      660.5
 5   Loans and leases in bank credit (2)   3,955.4   3,970.5    3,959.7
 6     Commercial and industrial           1,095.9   1,043.1    1,034.3
 7     Real estate                         1,704.3   1,774.8    1,787.2
 8       Revolving home equity               135.3     152.9      155.8
 9       Other                             1,569.0   1,621.9    1,631.3
10     Consumer                              552.5     557.9      557.0
11     Security (3)                          167.6     154.0      145.6
12     Other loans and leases                435.2     440.7      435.6
13 Interbank loans                           281.4     286.2      293.1
14 Cash assets (4)                           282.2     296.9      297.4
15 Other assets (5)                          423.7     487.9      481.9

16 Total assets (6)                        6,248.2   6,459.1    6,450.1

   Liabilities
17 Deposits                                4,015.9   4,201.0    4,243.7
18   Transaction                             611.5     635.6      640.7
19   Nontransaction                        3,404.4   3,565.4    3,603.0
20     Large time                            964.7     984.8      983.7
21     Other                               2,439.6   2,580.5    2,619.4
22 Borrowings                              1,249.2   1,253.0    1,248.0
23   From banks in the U.S.                  391.8     413.1      415.5
24   From others                             857.5     839.9      832.5
25 Net due to related foreign offices.       202.2     160.0      144.2
26 Other liabilities                         352.5     403.3      356.7

27 Total liabilities                       5,819.8   6,017.3    5,992.6

28 Residual (assets less
    liabilities) (7)                         428.3     441.8      457.5

                                              Not seasonally adjusted

   Assets
29 Bank credit                             5,320.3   5,474.4    5,483.1
30   Securities in bank credit             1,369.0   1,492.1    1,498.0
31     U.S. government securities            756.7     812.7      834.9
32     Other securities                      612.3     679.4      663.0
33   Loans and leases in bank credit (2)   3,951.3   3,982.3    3,985.1
34     Commercial and industrial           1,099.7   1,044.7    1,034.0
35     Real estate                         1,707.0   1,779.2    1,791.5
36       Revolving home equity               135.5     153.4      155.9
37       Other                             1,571.5   1,625.8    1,635.5
38     Consumer                              550.9     560.3      566.5
39       Credit cards and related plans      219.2     225.7      232.4
40       Other                               331.7     334.6      334.1
41     Security (3)                          161.9     157.3      152.0
42     Other loans and leases                431.7     440.8      441.1
43 Interbank loans                           276.7     289.8      299.4
44 Cash assets (4)                           279.8     306.1      317.2
45 Other assets (5)                          423.4     489.2      484.9

46 Total assets (6)                        6,234.3   6,488.5    6,511.9

   Liabilities
47 Deposits                                4,008.2   4,220.2    4,294.5
48   Transaction                             603.6     641.7      669.3
49   Nontransaction                        3,404.6   3,578.5    3,625.1
50     Large time                            967.1     991.6      998.1
51     Other                               2,437.5   2,587.0    2,627.0
52 Borrowings                              1,256.0   1,255.8    1,248.0
53   From banks in the U.S.                  393.2     410.3      417.1
54   From others                             862.9     845.6      830.9
55 Net due to related foreign offices        201.6     163.4      150.8
56 Other liabilities                         351.9     408.9      362.3

57 Total liabilities                       5,817.9   6,048.3    6,055.6

58 Residual (assets less
    liabilities) (7)                         416.4     440.2      456.4

                                                Monthly averages

                  Account                             2002

                                          Jan. (r)  Feb. (r)  Mar. (r)

                                               Seasonally adjusted

   Assets
 1 Bank credit                             5,430.3   5,434.4    5,429.9
 2   Securities in bank credit             1,484.9   1,478.2    1,477.0
 3     U.S. government securities            817.4     809.1      825.5
 4     Other securities                      667.5     669.1      651.5
 5   Loans and leases in bank credit (2)   3,945.4   3,956.2    3,952.8
 6     Commercial and industrial           1,026.3   1,033.8    1,030.7
 7     Real estate                         1,783.4   1,790.3    1,790.2
 8       Revolving home equity               159.0     162.6      168.0
 9       Other                             1,624.4   1,627.7    1,622.1
10     Consumer                              559.2     561.4      559.1
11     Security (3)                          151.1     152.3      160.5
12     Other loans and leases                425.3     418.5      412.3
13 Interbank loans                           292.6     276.4      267.6
14 Cash assets (4)                           300.2     298.8      301.7
15 Other assets (5)                          482.3     485.3      465.5

16 Total assets (6)                        6,431.1   6,420.4    6,389.9

   Liabilities
17 Deposits                                4,257.3   4,274.4    4,314.2
18   Transaction                             635.8     625.0      621.1
19   Nontransaction                        3,621.6   3,649.4    3,693.0
20     Large time                            998.3   1,012.3    1,027.2
21     Other                               2,623.3   2,637.1    2,665.8
22 Borrowings                              1,235.2   1,233.9    1,204.6
23   From banks in the U.S.                  412.5     406.2      393.5
24   From others                             822.7     827.7      811.1
25 Net due to related foreign offices.       115.9      97.9      102.0
26 Other liabilities                         342.5     336.1      309.4

27 Total liabilities                       5,950.8   5,942.2    5,930.2

28 Residual (assets less
    liabilities) (7)                         480.3     478.2      459.7

                                              Not seasonally adjusted

   Assets
29 Bank credit                             5,447.7   5,439.5    5,423.9
30   Securities in bank credit             1,493.0   1,485.7    1,482.7
31     U.S. government securities            822.6     816.1      831.8
32     Other securities                      670.4     669.6      650.9
33   Loans and leases in bank credit (2)   3,954.7   3,953.8    3,941.2
34     Commercial and industrial           1,021.8   1,032.6    1,032.1
35     Real estate                         1,782.6   1,785.2    1,782.6
36       Revolving home equity               158.8     162.5      166.5
37       Other                             1,623.9   1,622.7    1,616.1
38     Consumer                              567.0     563.7      556.4
39       Credit cards and related plans      228.3     223.8      220.1
40       Other                               338.7     339.9      336.2
41     Security (3)                          155.0     153.9      158.2
42     Other loans and leases                428.2     418.4      412.0
43 Interbank loans                           290.8     275.1      272.5
44 Cash assets (4)                           313.2     300.1      291.8
45 Other assets (5)                          483.9     484.4      465.1

46 Total assets (6)                        6,461.3   6,424.3    6,378.4

   Liabilities
47 Deposits                                4,283.2   4,290.4    4,319.5
48   Transaction                             648.8     619.7      616.2
49   Nontransaction                        3,634.5   3,670.6    3,703.3
50     Large time                          1,011.1   1,019.5    1,028.0
51     Other                               2,623.4   2,651.2    2,675.3
52 Borrowings                              1,248.6   1,237.1    1,203.0
53   From banks in the U.S.                  417.7     411.4      397.9
54   From others                             830.9     825.8      805.1
55 Net due to related foreign offices        123.2     104.3      103.6
56 Other liabilities                         348.3     341.3      309.1

57 Total liabilities                       6,003.4   5,973.1    5,935.4

58 Residual (assets less
    liabilities) (7)                         457.9     451.2      443.0

                                                              Wednesday
                                          Monthly averages     figures

                  Account                     2002              2002

                                          Apr. (r)    May       May 8

                                               Seasonally adjusted

   Assets
 1 Bank credit                             5,452.1   5,510.6    5,482.6
 2   Securities in bank credit             1,497.9   1,532.3    1,508.9
 3     U.S. government securities            848.0     870.2      857.8
 4     Other securities                      649.9     662.1      651.1
 5   Loans and leases in bank credit (2)   3,954.1   3,978.3    3,973.7
 6     Commercial and industrial           1,017.5   1,015.7    1,010.5
 7     Real estate                         1,792.7   1,811.8    1,812.0
 8       Revolving home equity               172.3     179.4      177.6
 9       Other                             1,620.4   1,632.5    1,634.4
10     Consumer                              563.3     566.2      564.9
11     Security (3)                          168.3     171.0      173.5
12     Other loans and leases                412.4     413.5      412.9
13 Interbank loans                           268.4     285.9      279.9
14 Cash assets (4)                           301.0     299.5      292.8
15 Other assets (5)                          478.4     485.0      481.3

16 Total assets (6)                        6,425.7   6,506.4    6,461.9

   Liabilities
17 Deposits                                4,334.1   4,367.1    4,357.0
18   Transaction                             603.0     615.4      587.0
19   Nontransaction                        3,731.0   3,751.7    3,770.0
20     Large time                          1,042.5   1,049.7    1,054.3
21     Other                               2,688.5   2,702.0    2,715.7
22 Borrowings                              1,220.3   1,247.8    1,223.7
23   From banks in the U.S.                  393.0     393.6      386.9
24   From others                             827.4     854.2      836.9
25 Net due to related foreign offices.       104.7      93.0       90.6
26 Other liabilities                         318.5     330.7      329.2

27 Total liabilities                       5,977.6   6,038.6    6,000.6

28 Residual (assets less
    liabilities) (7)                         448.1     467.8      461.3

                                              Not seasonally adjusted

   Assets
29 Bank credit                             5,449.0   5,504.4    5,481.2
30   Securities in bank credit             1,497.3   1,529.6    1,507.1
31     U.S. government securities            849.8     867.9      855.2
32     Other securities                      647.5     661.7      651.9
33   Loans and leases in bank credit (2)   3,517.7   3,974.9    3,974.1
34     Commercial and industrial           1,021.7   1,019.3    1,017.1
35     Real estate                         1,789.4   1,814.4    1,814.4
36       Revolving home equity               171.7     179.7      178.0
37       Other                             1,617.7   1,634.7    1,636.4
38     Consumer                              559.9     564.4      562.8
39       Credit cards and related plans      223.8     223.3      222.0
40       Other                               336.1     341.1      340.9
41     Security (3)                          167.4     164.5      167.5
42     Other loans and leases                413.3     412.2      412.1
43 Interbank loans                           278.1     282.4      279.0
44 Cash assets (4)                           300.2     296.8      284.7
45 Other assets (5)                          478.9     484.7      485.3

46 Total assets (6)                        6,432.2   6,493.7    6,455.5

   Liabilities
47 Deposits                                4,358.2   4,360.0    4,357.7
48   Transaction                             611.5     607.2      574.8
49   Nontransaction                        3,746.7   3,752.7    3,783.0
50     Large time                          1,045.1   1,053.3    1,058.7
51     Other                               2,701.7   2,699.4    2,724.2
52 Borrowings                              1,226.7   1,254.2    1,240.5
53   From banks in the U.S.                  398.2     394.9      391.9
54   From others                             828.5     859.3      848.5
55 Net due to related foreign offices         96.0      92.6       86.6
56 Other liabilities                         311.2     330.2      325.7

57 Total liabilities                       5,992.2   6,036.9    6,010.4

58 Residual (assets less
    liabilities) (7)                         440.0     456.8      445.1

                                                Wednesday figures

                  Account                              2002

                                           May 15    May 22    May 29

                                               Seasonally adjusted

   Assets
 1 Bank credit                             5,511.6   5,524.9    5,523.2
 2   Securities in bank credit             1,527.0   1,546.6    1,543.6
 3     U.S. government securities            869.6     874.3      875.3
 4     Other securities                      657.4     672.3      668.2
 5   Loans and leases in bank credit (2)   3,984.6   3,978.3    3,979.6
 6     Commercial and industrial           1,013.5   1,020.2    1,019.0
 7     Real estate                         1,812.6   1,811.2    1,812.1
 8       Revolving home equity               178.9     179.6      180.9
 9       Other                             1,633.7   1,631.6    1,631.2
10     Consumer                              566.8     565.3      569.2
11     Security (3)                          176.2     168.4      166.9
12     Other loans and leases                415.5     413.2      412.4
13 Interbank loans                           299.4     283.1      281.9
14 Cash assets (4)                           299.6     294.3      312.3
15 Other assets (5)                          475.4     490.7      492.7

16 Total assets (6)                        6,511.2   6,518.4    6,535.5

   Liabilities
17 Deposits                                4,392.4   4,357.6    4,363.2
18   Transaction                             615.0     626.0      645.4
19   Nontransaction                        3,777.4   3,731.5    3,717.8
20     Large time                          1,057.4   1,046.1    1,046.1
21     Other                               2,720.0   2,685.4    2,671.7
22 Borrowings                              1,239.9   1,252.0    1,268.8
23   From banks in the U.S.                  397.6     395.1      391.1
24   From others                             842.3     856.8      877.8
25 Net due to related foreign offices.        77.3     100.4      106.2
26 Other liabilities                         332.0     337.7      325.1

27 Total liabilities                       6,041.6   6,047.6    6,063.4

28 Residual (assets less
    liabilities) (7)                         469.6     470.7      472.1

                                              Not seasonally adjusted

   Assets
29 Bank credit                             5,506.3   5,512.8    5,514.1
30   Securities in bank credit             1,524.1   1,542.5    1,539.8
31     U.S. government securities            867.3     871.7      872.4
32     Other securities                      656.9     670.9      667.4
33   Loans and leases in bank credit (2)   3,982.2   3,970.3    3,974.3
34     Commercial and industrial           1,017.5   1,022.7    1,020.2
35     Real estate                         1,816.5   1,813.7    1,814.2
36       Revolving home equity               179.4     180.0      181.1
37       Other                             1,637.1   1,633.0    1,633.1
38     Consumer                              565.5     564.5      567.2
39       Credit cards and related plans      224.3     222.5      225.7
40       Other                               341.3     341.6      341.4
41     Security (3)                          168.7     160.1      161.3
42     Other loans and leases                414.0     409.8      411.4
43 Interbank loans                           295.2     273.5      278.4
44 Cash assets (4)                           294.4     277.2      328.9
45 Other assets (5)                          477.6     486.5      489.1

46 Total assets (6)                        6,498.9   6,475.7    6,536.0

   Liabilities
47 Deposits                                4,384.5   4,327.5    4,362.6
48   Transaction                             606.3     602.3      651.8
49   Nontransaction                        3,778.2   3,725.2    3,710.8
50     Large time                          1,059.1   1,049.2    1,051.1
51     Other                               2,719.1   2,676.0    2,659.8
52 Borrowings                              1,249.1   1,250.4    1,269.7
53   From banks in the U.S.                  400.0     393.8      389.9
54   From others                             849.1     856.6      879.8
55 Net due to related foreign offices         76.9     100.5      109.6
56 Other liabilities                         331.0     337.9      327.9

57 Total liabilities                       6,041.4   6,016.3    6,069.9

58 Residual (assets less
    liabilities) (7)                         457.5     459.4      466.1
B. Domestically chartered commercial banks

Billions of dollars

                                              Monthly averages

                  Account                           2001

                                                     May

                                                  Seasonally
                                                   adjusted

   Assets
 1 Bank credit                                     4,717.9 (r)
 2   Securities in bank credit                     1,158.4
 3     U.S. government securities                    703.0
 4     Other securities                              455.4
 5   Loans and leases in bank credit (2)           3,559.5
 6     Commercial and industrial                     878.9
 7     Real estate                                 1,686.1
 8       Revolving home equity                       135.3 (r)
 9       Other                                     1,550.9
10     Consumer                                      552.5
11     Security (3)                                   74.3
12     Other loans and leases                        367.7
13 Interbank loans                                   252.3 (r)
14 Cash assets (4)                                   244.6
15 Other assets (5)                                  387.3

16 Total assets (6)
                                                   5,536.6 (r)
   Liabilities
17 Deposits                                        3,608.7
18   Transaction                                     600.8
19   Nontransaction                                3,007.9
20     Large time                                    570.5
21     Other                                       2,437.4
22 Borrowings                                      1,029.2
23   From banks in the U.S.                          371.4 (r)
24   From others                                     657.8 (r)
25 Net due to related foreign offices                214.6 (r)
26 Other liabilities                                 267.1 (r)

27 Total liabilities                               5,119.5 (r)

28 Residual (assets less
    liabilities) (7)                                 417.0 (r)

                                               Not seasonally
                                                adjusted
   Assets
29 Bank credit                                     4,715.6
30   Securities in bank credit                     1,156.0 (r)
31     U.S. government securities                    701.0
32     Other securities                              455.0
33   Loans and leases in bank credit (2)           3,559.7(r)
34     Commercial and industrial                     885.2
35     Real estate                                 1,688.9 (r)
36       Revolving home equity                       135.5 (r)
37       Other                                     1,553.3
38     Consumer                                      550.9
39       Credit cards and related plans              219.2
40       Other                                       331.7
41     Security (3)                                   70.0
42     Other loans and leases                        364.7
43 Interbank loans                                   247.7 (r)
44 Cash assets (4)                                   243.5
45 Other assets (5)                                  387.0

46 Total assets (6)                                5,528.2 (r)

   Liabilities
47 Deposits                                        3,597.1
48   Transaction                                     593.4
49   Nontransaction                                3,003.7
50     Large time                                    568.5
51     Other                                       2,435.2
52 Borrowings                                      1,036.0
53   From banks in the U.S.                          372.7 (r)
54   From others                                     663.2 (r)
55 Net due to related foreign offices                214.1
56 Other liabilities                                 266.5 (r)

57 Total liabilities                               5,113.7 (r)

58 Residual (assets less
    liabilities) (7)                                 414.5 (r)

                                             Monthly averages

                  Account                          2001

                                           Nov. (r)  Dec. (r)

                                           Seasonally adjusted

   Assets
 1 Bank credit                              4,859.7   4,855.7
 2   Securities in bank credit              1,251.1   1,252.9
 3     U.S. government securities             756.3     775.1
 4     Other securities                       494.9     477.8
 5   Loans and leases in bank credit (2)    3,608.6   3,602.8
 6     Commercial and industrial              847.2     839.6
 7     Real estate                          1,755.9   1,768.2
 8       Revolving home equity                152.9     155.8
 9       Other                              1,603.0   1,612.4
10     Consumer                               557.9     557.0
11     Security (3)                            77.1      71.4
12     Other loans and leases                 370.5     366.6
13 Interbank loans                            261.2     272.7
14 Cash assets (4)                            258.8     258.5
15 Other assets (5)                           453.2     450.9

16 Total assets (6)
                                            5,762.4   5,765.6
   Liabilities
17 Deposits                                 3,767.2   3,798.8
18   Transaction                              624.7     629.4
19   Nontransaction                         3,142.5   3,169.3
20     Large time                             565.2     553.8
21     Other                                2,577.3   2,615.6
22 Borrowings                               1,043.0   1,048.2
23   From banks in the U.S.                   388.7     390.7
24   From others                              654.2     657.5
25 Net due to related foreign offices         189.1     192.9
26 Other liabilities                          322.9     278.1

27 Total liabilities                        5,322.2   5,318.0

28 Residual (assets less
    liabilities) (7)                          440.2     447.6

                                              Not seasonally
                                                 adjusted

   Assets
29 Bank credit                              4,872.5   4,880.9
30   Securities in bank credit              1,254.8   1,260.2
31     U.S. government securities             757.0     780.0
32     Other securities                       497.8     480.3
33   Loans and leases in bank credit (2)    3,617.7   3,620.7
34     Commercial and industrial              847.2     837.7
35     Real estate                          1,760.3   1,772.5
36       Revolving home equity                153.4     155.9
37       Other                              1,606.9   1,616.6
38     Consumer                               560.3     566.5
39       Credit cards and related plans       225.7     232.4
40       Other                                334.6     334.1
41     Security (3)                            79.3      73.8
42     Other loans and leases                 370.6     370.2
43 Interbank loans                            264.8     279.0
44 Cash assets (4)                            265.7     275.8
45 Other assets (5)                           454.6     453.2

46 Total assets (6)                         5,787.0   5,816.7

   Liabilities
47 Deposits                                 3,782.9   3,837.1
48   Transaction                              630.6     657.3
49   Nontransaction                         3,152.3   3,179.8
50     Large time                             568.7     556.7
51     Other                                2,583.7   2,623.1
52 Borrowings                               1,045.7   1,048.1
53   From banks in the U.S.                   385.8     392.3
54   From others                              659.9     655.8
55 Net due to related foreign offices         193.8     196.9
56 Other liabilities                          329.1     282.5

57 Total liabilities                        5,351.6   5,364.7

58 Residual (assets less
    liabilities) (7)                          435.4     452.0

                                                 Monthly averages

                  Account                              2002

                                           Jan. (r)  Feb. (r)  Mar. (r)

                                                Seasonally adjusted

   Assets
 1 Bank credit                              4,845.4   4,847.4   4,836.1
 2   Securities in bank credit              1,255.1   1,250.7   1,251.6
 3     U.S. government securities             766.6     762.4     776.7
 4     Other securities                       488.5     488.3     474.9
 5   Loans and leases in bank credit (2)    3,590.4   3,596.7   3,584.5
 6     Commercial and industrial              833.3     836.6     830.4
 7     Real estate                          1,764.6   1,771.9   1,771.3
 8       Revolving home equity                159.0     162.6     168.0
 9       Other                              1,605.6   1,609.3   1,603.3
10     Consumer                               559.2     561.4     559.1
11     Security (3)                            76.3      78.3      82.1
12     Other loans and leases                 356.9     348.5     341.6
13 Interbank loans                            267.4     256.5     247.1
14 Cash assets (4)                            260.1     257.0     257.8
15 Other assets (5)                           451.3     453.6     435.6

16 Total assets (6)
                                            5,750.3   5,740.4   5,702.2
   Liabilities
17 Deposits                                 3,789.2   3,797.9   3,823.6
18   Transaction                              324.7     614.6     611.1
19   Nontransaction                         3,164.5   3,183.2   3,212.5
20     Large time                             544.9     552.6     552.0
21     Other                                2,619.6   2,630.6   2,660.5
22 Borrowings                               1,049.9   1,042.8   1,017.1
23   From banks in the U.S.                   390.2     383.1     371.7
24   From others                              659.7     657.5     645.4
25 Net due to related foreign offices         181.2     171.0     173.6
26 Other liabilities                          262.4     258.7     240.3

27 Total liabilities                        5,282.7   5,270.3   5,254.6

28 Residual (assets less
    liabilities) (7)                          467.6     470.1     447.6

                                               Not seasonally adjusted

   Assets
29 Bank credit                              4,857.1   4,848.5   4,830.2
30   Securities in bank credit              1,263.1   1,258.2   1,257.3
31     U.S. government securities             771.7     769.4     783.0
32     Other securities                       491.4     488.8     474.3
33   Loans and leases in bank credit (2)    3,594.0   3,590.3   3,572.9
34     Commercial and industrial              828.1     833.9     830.5
35     Real estate                          1,763.9   1,766.8   1,763.8
36       Revolving home equity                158.8     162.5     166.5
37       Other                              1,605.1   1,604.2   1,597.3
38     Consumer                               567.0     563.7     556.4
39       Credit cards and related plans       228.3     223.8     220.1
40       Other                                338.7     339.9     336.2
41     Security (3)                            76.1      77.6      82.0
42     Other loans and leases                 359.0     348.3     340.3
43 Interbank loans                            265.5     255.2     252.0
44 Cash assets (4)                            270.9     257.4     249.0
45 Other assets (5)                           452.1     452.0     434.2

46 Total assets (6)                         5,771.8   5,738.8   5,691.0

   Liabilities
47 Deposits                                 3,804.4   3,808.4   3,826.8
48   Transaction                              637.4     609.3     606.3
49   Nontransaction                         3,167.0   3,199.1   3,220.4
50     Large time                             547.4     554.6     550.5
51     Other                                2,619.6   2,644.6   2,669.9
52 Borrowings                               1,063.4   1,046.0   1,015.5
53   From banks in the U.S.                   395.5     388.3     376.1
54   From others                              667.9     657.7     639.4
55 Net due to related foreign offices         185.5     174.7     172.1
56 Other liabilities                          266.8     262.6     239.0

57 Total liabilities                        5,320.1   5,291.8   5,253.4

58 Residual (assets less
    liabilities) (7)                          451.7     447.0     437.7

                                            Monthly averages

                  Account                         2002

                                           Apr. (r)    May

                                            Seasonally adjusted

   Assets
 1 Bank credit                              4,853.4   4,911.4
 2   Securities in bank credit              1,273.3   1,304.4
 3     U.S. government securities             798.4     820.5
 4     Other securities                       474.9     483.9
 5   Loans and leases in bank credit (2)    3,580.1   3,607.1
 6     Commercial and industrial              819.0     816.7
 7     Real estate                          1,773.5   1,792.6
 8       Revolving home equity                172.3     179.4
 9       Other                              1,601.1   1,613.2
10     Consumer                               563.3     566.2
11     Security (3)                            83.7      89.8
12     Other loans and leases                 340.6     341.8
13 Interbank loans                            246.3     262.2
14 Cash assets (4)                            254.8     255.3
15 Other assets (5)                           447.2     453.3

16 Total assets (6)
                                            5,727.8   5,807.9
   Liabilities
17 Deposits                                 3,826.8   3,858.6
18   Transaction                              592.5     604.4
19   Nontransaction                         3,234.3   3,254.1
20     Large time                             548.5     554.1
21     Other                                2,685.8   2,700.0
22 Borrowings                               1,028.9   1,055.1
23   From banks in the U.S.                   369.8     371.4
24   From others                              659.1     683.8
25 Net due to related foreign offices         178.3     180.6
26 Other liabilities                          251.2     259.9

27 Total liabilities                        5,285.2   5,354.2

28 Residual (assets less
    liabilities) (7)                          442.7     453.8

                                              Not seasonally
                                                 adjusted
   Assets
29 Bank credit                              4,850.2   4,909.2
30   Securities in bank credit              1,272.7   1,301.6
31     U.S. government securities             800.2     818.1
32     Other securities                       472.5     483.4
33   Loans and leases in bank credit (2)    3,577.6   3,607.7
34     Commercial and industrial              824.4     822.6
35     Real estate                          1,770.2   1,795.2
36       Revolving home equity                171.7     179.7
37       Other                              1,598.5   1,615.5
38     Consumer                               559.9     564.4
39       Credit cards and related plans       223.8     223.3
40       Other                                336.1     341.1
41     Security (3)                            82.2      84.5
42     Other loans and leases                 340.9     340.9
43 Interbank loans                            256.1     258.7
44 Cash assets (4)                            255.9     254.0
45 Other assets (5)                           447.8     452.9

46 Total assets (6)                         5,736.4   5,800.6

   Liabilities
47 Deposits                                 3,847.2   3,846.4
48   Transaction                              601.5     596.7
49   Nontransaction                         3,245.7   3,249.6
50     Large time                             546.8     552.3
51     Other                                2,698.9   2,697.4
52 Borrowings                               1,035.3   1,061.5
53   From banks in the U.S.                   375.0     372.6
54   From others                              660.3     688.9
55 Net due to related foreign offices         171.5     180.2
56 Other liabilities                          244.5     259.4

57 Total liabilities                        5,298.5   5,347.5

58 Residual (assets less
    liabilities) (7)                          437.9     453.2

                                            Wednesday figures

                  Account                         2002

                                            May 8     May 15

                                           Seasonally adjusted

   Assets
 1 Bank credit                              4,887.9   4,916.8
 2   Securities in bank credit              1,284.3   1,302.5
 3     U.S. government securities             808.7     820.2
 4     Other securities                       475.7     482.3
 5   Loans and leases in bank credit (2)    3,603.6   3,614.3
 6     Commercial and industrial              814.7     815.9
 7     Real estate                          1,792.9   1,793.4
 8       Revolving home equity                177.6     178.9
 9       Other                              1,615.3   1,614.5
10     Consumer                               564.9     566.8
11     Security (3)                            89.0      94.1
12     Other loans and leases                 342.1     344.0
13 Interbank loans                            252.8     277.8
14 Cash assets (4)                            248.8     255.1
15 Other assets (5)                           450.2     444.6

16 Total assets (6)
                                            5,765.5   5,820.1
   Liabilities
17 Deposits                                 3,845.2   3,880.4
18   Transaction                              576.9     603.8
19   Nontransaction                         3,268.3   3,276.7
20     Large time                             554.6     558.7
21     Other                                2,713.7   2,718.0
22 Borrowings                               1,029.2   1,049.0
23   From banks in the U.S.                   365.9     375.5
24   From others                              663.3     673.5
25 Net due to related foreign offices         180.4     169.4
26 Other liabilities                          261.8     264.7

27 Total liabilities                        5,316.6   5,363.5

28 Residual (assets less
    liabilities) (7)                          448.9     456.5

                                              Not seasonally
                                                adjusted
   Assets
29 Bank credit                              4,889.6   4,915.0
30   Securities in bank credit              1,282.5   1,299.6
31     U.S. government securities             806.0     817.8
32     Other securities                       476.5     481.7
33   Loans and leases in bank credit (2)    3,607.1   3,615.4
34     Commercial and industrial              823.4     822.0
35     Real estate                          1,795.3   1,797.3
36       Revolving home equity                178.0     179.4
37       Other                              1,617.3   1,617.9
38     Consumer                               562.8     565.5
39       Credit cards and related plans       222.0     224.3
40       Other                                340.9     341.3
41     Security (3)                            83.8      87.7
42     Other loans and leases                 341.8     342.9
43 Interbank loans                            251.9     273.7
44 Cash assets (4)                            242.2     251.2
45 Other assets (5)                           453.7     446.4

46 Total assets (6)                         5,763.2   5,812.0

   Liabilities
47 Deposits                                 3,840.3   3,868.6
48   Transaction                              565.1     595.5
49   Nontransaction                         3,275.2   3,273.1
50     Large time                             553.0     556.0
51     Other                                2,722.2   2,717.2
52 Borrowings                               1,045.9   1,058.2
53   From banks in the U.S.                   371.0     377.9
54   From others                              674.9     680.3
55 Net due to related foreign offices         176.9     167.9
56 Other liabilities                          258.5     263.1

57 Total liabilities                        5,321.6   5,357.9

58 Residual (assets less
    liabilities) (7)                          441.6     454.2

                                            Wednesday figures

                  Account                         2002

                                            May 22    May 29

                                           Seasonally adjusted

   Assets
 1 Bank credit                              4,917.3   4,924.3
 2   Securities in bank credit              1,314.4   1,313.9
 3     U.S. government securities             824.2     825.5
 4     Other securities                       490.2     488.4
 5   Loans and leases in bank credit (2)    3,602.9   3,610.4
 6     Commercial and industrial              817.4     818.4
 7     Real estate                          1,791.8   1,792.9
 8       Revolving home equity                179.6     180.9
 9       Other                              1,612.2   1,612.0
10     Consumer                               565.3     569.2
11     Security (3)                            88.1      89.3
12     Other loans and leases                 340.3     340.5
13 Interbank loans                            261.8     257.3
14 Cash assets (4)                            249.7     268.4
15 Other assets (5)                           459.3     459.0

16 Total assets (6)
                                            5,813.9   5,834.9
   Liabilities
17 Deposits                                 3,852.5   3,857.5
18   Transaction                              614.7     634.6
19   Nontransaction                         3,237.8   3,223.0
20     Large time                             554.4     553.2
21     Other                                2,683.5   2,669.8
22 Borrowings                               1,060.4   1,077.6
23   From banks in the U.S.                   371.3     371.3
24   From others                              689.2     706.4
25 Net due to related foreign offices         180.5     194.2
26 Other liabilities                          264.3     250.5

27 Total liabilities                        5,357.8   5,379.8

28 Residual (assets less
    liabilities) (7)                          456.1     455.1

                                              Not seasonally
                                                 adjusted

   Assets
29 Bank credit                              4,911.4   4,918.9
30   Securities in bank credit              1,310.4   1,310.2
31     U.S. government securities             821.6     822.6
32     Other securities                       488.7     487.6
33   Loans and leases in bank credit (2)    3,601.1   3,608.7
34     Commercial and industrial              822.6     822.4
35     Real estate                          1,794.3   1,795.0
36       Revolving home equity                180.0     181.1
37       Other                              1,614.3   1,613.9
38     Consumer                               564.0     567.2
39       Credit cards and related plans       222.5     225.7
40       Other                                341.6     341.4
41     Security (3)                            82.1      84.3
42     Other loans and leases                 338.1     339.9
43 Interbank loans                            252.3     253.8
44 Cash assets (4)                            234.6     286.3
45 Other assets (5)                           455.3     455.8

46 Total assets (6)                         5,779.5   5,840.6

   Liabilities
47 Deposits                                 3,817.9   3,850.2
48   Transaction                              591.5     641.1
49   Nontransaction                         3,226.4   3,209.2
50     Large time                             552.4     551.4
51     Other                                2,674.0   2,657.8
52 Borrowings                               1,058.9   1,078.5
53   From banks in the U.S.                   369.9     370.1
54   From others                              688.9     708.4
55 Net due to related foreign offices         181.3     197.3
56 Other liabilities                          264.9     253.1

57 Total liabilities                        5,323.0   5,379.1

58 Residual (assets less
    liabilities) (7)                          456.5     461.5
C. Large domestically chartered commercial banks

Billions of dollars

                                             Monthly averages

                  Account                          2001

                                                    May

                                                 Seasonally
                                                  adjusted

   Assets
 1 Bank credit                                    2,633.0 (r)
 2   Securities in bank credit                      610.6
 3     U.S. government securities                   357.0
 4       Trading account                             35.3
 5       Investment account                         321.7
 6     Other securities                             253.5
 7       Trading account                            136.4
 8       Investment account                         117.2
 9         State and local government                28.0
10         Other                                     89.2
11   Loans and leases in bank credit (2)          2,022.4 (r)
12     Commercial and industrial                    583.0
13       Bankers acceptances                           .8
14       Other                                      582.2
15     Real estate                                  853.8 (r)
16       Revolving home equity                       86.8
17       Other                                      767.0
18     Consumer                                     252.3
19     Security (3)                                  66.1
20       Federal funds sold to and
             repurchase agreements
             with broker-dealers                     48.9
21       Other                                       17.2
22     State and local government                    13.0
23     Agricultural                                  10.6
24     Federal funds sold to and
           repurchase agreements with
           others                                    25.7
25     All other loans                               84.9
26      Lease-financing receivables                 133.0
27 Interbank loans                                  136.8
28   Federal funds sold to and
         repurchase agreements with
         commercial banks                            74.7
29   Other                                           62.1
30 Cash assets (4)                                  141.3
31 Other assets (5)                                 283.0 (r)

32 Total assets (6)                               3,156.2 (r)

   Liabilities
33 Deposits                                       1,736.4
34   Transaction                                    304.2
35   Nontransaction                               1,432.2
36     Large time                                   270.7
37     Other                                      1,161.5
38 Borrowings                                       692.8
39   From banks in the U.S.                         221.4
40   From others                                    471.5
41 Net due to related foreign offices               198.0
42 Other liabilities                                211.8 (r)

43 Total liabilities                              2,839.0 (r)

44 Residual (assets less                            317.2 (r)
       liabilities) (7)

                                               Not seasonally
                                                  adjusted

   Assets
45 Bank credit                                    2,632.5 (r)
46   Securities in bank credit                      608.8
47     U.S. government securities                   355.7
48       Trading account                             35.2
49       Investment account                         320.5
50         Mortgage-backed securities               234.3
51         Other                                     86.2
52           One year or less                        27.1
53           One to five years                       31.4
54           More than five years                    27.6
55     Other securities                             253.1
56       Trading account                            136.2
57       Investment account                         117.0
58         State and local government                28.0
59         Other                                     89.0
60   Loans and leases in bank credit (2)          2,023.7 (r)
61     Commercial and industrial                    586.9 (r)
62       Bankers acceptances                          8.0
63       Other                                      586.2
64     Real estate                                  857.3 (r)
65       Revolving home equity                       87.2 (r)
66       Other                                      469.2
67       Commercial                                 300.9
68     Consumer                                     253.0
69       Credit cards and related plans              87.0
70       Other                                      166.0
71     Security (3)                                  62.0
72       Federal funds sold to and
             repurchase agreements
             with broker-dealers                     45.8
73       Other                                       16.2
74     State and local government                    13.0
75     Agricultural                                  10.6
76     Federal funds sold to and
           repurchase agreements
           with others                               23.8
77     All other loans                               84.1
78     Lease-financing receivables                  133.0
79 Interbank loans                                  137.7
80   Federal funds sold to and
         repurchase agreements
         with commercial banks                       75.2
81   Other                                           62.5
82 Cash assets (4)                                  140.8
83 Other assets (5)                                 282.7 (r)

84 Total assets (6)                               3,155.8 (r)

   Liabilities
85 Deposits                                       1,731.1
86   Transaction                                    301.4
87   Nontransaction                               1,429.7
88     Large time                                   268.7
89     Other                                      1,161.0
90 Borrowings                                       699.6
91   From banks in the U.S                          222.8
92   From nonbanks in the U.S.                      476.9
93 Net due to related foreign offices               197.5
94 Other liabilities                                211.2 (r)

95 Total liabilities                              2,839.5 (r)

96 Residual (assets less                            316.3 (r)
       liabilities) (7)

                                                   Monthly averages

                   Account                               2001

                                                 Nov. (r)    Dec. (r)

                                                 Seasonally adjusted

   Assets
 1 Bank credit                                  2,640.2        2,607.0
 2   Securities in bank credit                    652.6          636.8
 3     U.S. government securities                 370.8          379.4
 4       Trading account                           40.5           33.9
 5       Investment account                       330.3          345.5
 6     Other securities                           281.8          257.5
 7       Trading account                          165.4          130.0
 8       Investment account                       116.4          127.5
 9         State and local government              27.1           27.3
10         Other                                   89.3          100.2
11   Loans and leases in bank credit (2)        1,987.6        1,970.2
12     Commercial and industrial                  545.8          535.6
13       Bankers acceptances                        0.0            0.0
14       Other                                    545.8          535.6
15     Real estate                                858.0          860.2
16       Revolving home equity                     96.5           98.0
17       Other                                    761.5          762.1
18     Consumer                                   244.7          244.7
19     Security (3)                                69.1           63.3
20       Federal funds sold to and
             repurchase agreements
             with broker-dealers                   54.5           48.4
21       Other                                     14.6           14.9
22     State and local government                  15.7           15.0
23     Agricultural                                 9.8            9.7
24     Federal funds sold to and
           repurchase agreements with
           others                                  30.3           28.1
25     All other loans                             78.2           79.6
26      Lease-financing receivables               135.9          134.1
27 Interbank loans                                152.5          167.0
28   Federal funds sold to and
         repurchase agreements with
         commercial banks                          90.0           96.9
29   Other                                         62.5           70.1
30 Cash assets (4)                                149.6          147.3
31 Other assets (5)                               322.4          315.1

32 Total assets (6)                             3,224.9        3,195.1

   Liabilities
33 Deposits                                     1,792.4        1,801.4
34   Transaction                                  320.4          323.2
35   Nontransaction                             1,472.0        1,478.2
36     Large time                                 253.5          248.3
37     Other                                    1,218.5        1,229.9
38 Borrowings                                     663.8          659.7
39   From banks in the U.S.                       219.7          218.8
40   From others                                  444.1          440.9
41 Net due to related foreign offices             178.8          182.9
42 Other liabilities                              257.8          213.3

43 Total liabilities                            2,892.9        2,857.3

44 Residual (assets less                          331.9          337.8
       liabilities) (7)

                                               Not seasonally adjusted

   Assets
45 Bank credit                                  2,647.8 (r)    2,620.1
46   Securities in bank credit                    656.4 (r)      641.8
47     U.S. government securities                 371.7 (r)      381.8
48       Trading account                           40.6           34.1
49       Investment account                       331.0 (r)      347.6
50         Mortgage-backed securities             270.8          284.7
51         Other                                   60.3 (r)       62.9
52           One year or less                      15.0 (r)       14.7
53           One to five years                     30.4           35.3
54           More than five years                  14.8           12.9
55     Other securities                           284.8 (r)      260.0
56       Trading account                          167.1          131.2
57       Investment account                       117.6 (r)      128.7
58         State and local government              27.4           27.6
59         Other                                   90.2 (r)      101.2
60   Loans and leases in bank credit (2)        1,991.4 (r)    1,978.4
61     Commercial and industrial                  546.7 (r)      533.6
62       Bankers acceptances                         .0             .0
63       Other                                    546.7 (r)      533.6
64     Real estate                                859.8 (r)      861.9
65       Revolving home equity                     96.6 (r)       97.7
66       Other                                    451.2 (r)      453.5
67       Commercial                               312.0 (r)      310.7
68     Consumer                                   243.5 (r)      247.7
69       Credit cards and related plans            76.5           80.1
70       Other                                    167.0 (r)      167.6
71     Security (3)                                71.0           65.5
72       Federal funds sold to and
             repurchase agreements
             with broker-dealers                   56.0           50.0
73       Other                                     15.1           15.4
74     State and local government                  15.7           15.0
75     Agricultural                                 9.7 (r)        9.6
76     Federal funds sold to and
           repurchase agreements
           with others                             30.6           28.9
77     All other loans                             78.7 (r)       81.6
78     Lease-financing receivables                135.6          134.6
79 Interbank loans                                154.1          170.8
80   Federal funds sold to and
         repurchase agreements
         with commercial banks                     90.9 (r)       99.1
81   Other                                         63.1           71.7
82 Cash assets (4)                                152.7          158.4
83 Other assets (5)                               323.8 (r)      317.4

84 Total assets (6)                             3,238.5 (r)    3,225.2

   Liabilities
85 Deposits                                     1,801.4        1,819.1
86   Transaction                                  323.9          341.1
87   Nontransaction                             1,477.5        1,478.0
88     Large time                                 256.9          251.3
89     Other                                    1,220.6        1,226.7
90 Borrowings                                     666.6          659.7
91   From banks in the U.S                        216.9          220.4
92   From nonbanks in the U.S.                    449.7          439.2
93 Net due to related foreign offices             183.5          186.8
94 Other liabilities                              264.1 (r)      217.8

95 Total liabilities                            2,915.6 (r)    2,883.4

96 Residual (assets less                          322.9          341.8
       liabilities) (7)

                                                   Monthly averages

                  Account                                2002

                                                    Jan.       Feb

                                                 Seasonally adjusted

   Assets
 1 Bank credit                                 2,575.0 (r)  2,573.1 (r)
 2   Securities in bank credit                   634.4 (r)    629.5 (r)
 3     U.S. government securities                366.7 (r)    359.4 (r)
 4       Trading account                          32.6         33.6
 5       Investment account                      334.1 (r)    325.8 (r)
 6     Other securities                          267.7 (r)    270.1 (r)
 7       Trading account                         128.4        130.0
 8       Investment account                      139.3 (r)    140.1 (r)
 9         State and local government             27.3         27.8
10         Other                                 112.0 (r)    112.3 (r)
11   Loans and leases in bank credit (2)       1,940.6      1,943.7
12     Commercial and industrial                 528.6        529.9
13       Bankers acceptances                        .0           .0
14       Other                                   528.6        529.9
15     Real estate                               847.9 (r)    848.8 (r)
16       Revolving home equity                    99.8 (r)    101.5 (r)
17       Other                                   748.1        747.3
18     Consumer                                  238.1 (r)    245.7 (r)
19     Security (3)                               68.3         70.3
20       Federal funds sold to and
             repurchase agreements
             with broker-dealers                  54.9         57.4
21       Other                                    13.4         12.9
22     State and local government                 14.6         14.6
23     Agricultural                                9.6          9.7
24     Federal funds sold to and
           repurchase agreements with
           others                                 26.2         22.6
25     All other loans                            75.3         70.3
26      Lease-financing receivables              132.1        131.9
27 Interbank loans                               168.5        153.0
28   Federal funds sold to and
         repurchase agreements with
         commercial banks                         92.1         79.7
29   Other                                        76.4         73.3
30 Cash assets (4)                               146.2        143.3 (r)
31 Other assets (5)                              312.3 (r)    306.9 (r)

32 Total assets (6)                            3,158.7 (r)  3,132.5 (r)

   Liabilities
33 Deposits                                    1,791.1      1,789.2
34   Transaction                                 316.1        308.2
35   Nontransaction                            1,474.9 (r)  1,481.0
36     Large time                                242.1        249.8
37     Other                                   1,232.9      1,231.2
38 Borrowings                                    654.3        654.2
39   From banks in the U.S.                      212.9        207.9
40   From others                                 441.4        446.2
41 Net due to related foreign offices            172.3 (r)    160.0 (r)
42 Other liabilities                             193.8 (r)    187.7 (r)

43 Total liabilities                           2,811.5 (r)  2,791.1 (r)

44 Residual (assets less                         347.3 (r)    341.5
       liabilities) (7)

                                               Not seasonally adjusted

   Assets
45 Bank credit                                 2,584.7 (r)  2,578.0 (r)
46   Securities in bank credit                   641.3 (r)    635.2 (r)
47     U.S. government securities                370.7 (r)    364.7 (r)
48       Trading account                          32.9         34.1
49       Investment account                      337.8 (r)    330.6 (r)
50         Mortgage-backed securities            273.9        258.8
51         Other                                  63.9 (r)     71.8 (r)
52           One year or less                     13.7 (r)     16.6 (r)
53           One to five years                    36.8         43.1
54           More than five years                 13.4         12.1
55     Other securities                          270.6 (r)    270.5 (r)
56       Trading account                         129.8        130.2
57       Investment account                      140.8 (r)    140.4 (r)
58         State and local government             27.6         27.8
59         Other                                 113.2 (r)    112.5 (r)
60   Loans and leases in bank credit (2)       1,943.4      1,942.7
61     Commercial and industrial                 524.4        528.7
62       Bankers acceptances                        .0           .0
63       Other                                   524.4        528.7
64     Real estate                               847.4 (r)    845.6 (r)
65       Revolving home equity                    99.4 (r)    101.7 (r)
66       Other                                   440.2        436.3
67       Commercial                              307.8        307.7 (r)
68     Consumer                                  242.0 (r)    248.1 (r)
69       Credit cards and related plans           71.5         76.6
70       Other                                   170.5 (r)    171.5 (r)
71     Security (3)                               68.4         69.6
72       Federal funds sold to and
             repurchase agreements
             with broker-dealers                  55.0         56.8
73       Other                                    13.4         12.8
74     State and local government                 14.6         14.6
75     Agricultural                                9.6          9.5
76     Federal funds sold to and
           repurchase agreements
           with others                            27.8         24.0
77     All other loans                            75.0         69.3
78     Lease-financing receivables               134.2        133.4
79 Interbank loans                               167.9        151.2 (r)
80   Federal funds sold to and
         repurchase agreements
         with commercial banks                    91.8         78.8
81   Other                                        76.1         72.5
82 Cash assets (4)                               154.5        144.0
83 Other assets (5)                              313.1 (r)    305.3 (r)

84 Total assets (6)                            3,177.1 (r)  3,134.6 (r)

   Liabilities
85 Deposits                                    1,796.0      1,795.7
86   Transaction                                 324.8        304.9
87   Nontransaction                            1,471.2 (r)  1,490.8 (r)
88     Large time                                244.5        251.7
89     Other                                   1,226.7 (r)  1,239.1
90 Borrowings                                    667.8        657.4
91   From banks in the U.S                       218.2        213.2
92   From nonbanks in the U.S.                   449.6        444.3
93 Net due to related foreign offices            176.5 (r)    163.8 (r)
94 Other liabilities                             198.3 (r)    191.6 (r)

95 Total liabilities                           2,838.6 (r)  2,808.5 (r)

96 Residual (assets less                         338.5 (r)    326.0 (r)
       liabilities) (7)

                                                  Monthly averages

                  Account                               2002

                                                  Mar.         Apr.

                                                Seasonally adjusted

   Assets
 1 Bank credit                                 2,554.1 (r)  2,558.8 (r)
 2   Securities in bank credit                   627.6 (r)    645.9 (r)
 3     U.S. government securities                367.2 (r)    383.3
 4       Trading account                          32.7         38.1
 5       Investment account                      334.4 (r)    345.1
 6     Other securities                          260.4 (r)    262.7 (r)
 7       Trading account                         122.5        128.2
 8       Investment account                      137.9 (r)    134.5 (r)
 9         State and local government             27.7         27.2
10         Other                                 110.2 (r)    107.3 (r)
11   Loans and leases in bank credit (2)       1,926.6      1,912.9
12     Commercial and industrial                 524.7 (r)    514.5
13       Bankers acceptances                        .0           .0
14       Other                                   524.7 (r)    514.5
15     Real estate                               842.1 (r)    838.7 (r)
16       Revolving home equity                   105.3 (r)    108.4 (r)
17       Other                                   736.8        730.3
18     Consumer                                  243.0 (r)    240.9 (r)
19     Security (3)                               74.3         76.3
20       Federal funds sold to and
             repurchase agreements
             with broker-dealers                  61.1 (r)     63.3
21       Other                                    13.1         13.0
22     State and local government                 14.6         14.6
23     Agricultural                                9.6          9.6
24     Federal funds sold to and
           repurchase agreements with
           others                                 20.9         21.9
25     All other loans                            65.9         65.3
26      Lease-financing receivables              131.4        131.0
27 Interbank loans                               145.8 (r)    154.1
28   Federal funds sold to and
         repurchase agreements with
         commercial banks                         75.0         81.5
29   Other                                        70.8         72.6
30 Cash assets (4)                               143.1        140.7 (r)
31 Other assets (5)                              286.5 (r)    293.4 (r)

32 Total assets (6)                            3,085.7 (r)  3,104.1 (r)

   Liabilities
33 Deposits                                    1,800.4      1,804.7
34   Transaction                                 303.6        286.9
35   Nontransaction                            1,496.8      1,517.8
36     Large time                                248.9        245.3
37     Other                                   1,247.9      1,272.5
38 Borrowings                                    635.6        645.1
39   From banks in the U.S.                      201.7        203.0
40   From others                                 433.8        442.2
41 Net due to related foreign offices            164.6 (r)    168.7 (r)
42 Other liabilities                             168.7 (r)    179.2 (r)

43 Total liabilities                           2,769.3 (r)  2,797.8 (r)

44 Residual (assets less                         316.4        306.3 (r)
       liabilities) (7)

                                               Not seasonally adjusted

   Assets
45 Bank credit                                 2,553.1 (r)  2,558.4 (r)
46   Securities in bank credit                   631.0 (r)    644.0 (r)
47     U.S. government securities                371.2 (r)    383.8
48       Trading account                          33.1         38.2
49       Investment account                      338.1 (r)    345.6
50         Mortgage-backed securities            263.3        271.0
51         Other                                  74.7 (r)     74.6
52           One year or less                     19.6 (r)     18.3
53           One to five years                    42.9         43.5
54           More than five years                 12.2         12.7
55     Other securities                          259.8 (r)    260.2 (r)
56       Trading account                         122.2        127.0
57       Investment account                      137.6 (r)    133.3 (r)
58         State and local government             27.6         27.0
59         Other                                 110.0 (r)    106.3 (r)
60   Loans and leases in bank credit (2)       1,922.1      1,914.4
61     Commercial and industrial                 525.2        518.0
62       Bankers acceptances                        .0           .0
63       Other                                   525.2        518.0
64     Real estate                               837.5 (r)    837.5 (r)
65       Revolving home equity                   104.3 (r)    108.0 (r)
66       Other                                   426.0        421.6
67       Commercial                              307.1        307.9
68     Consumer                                  243.2 (r)    241.3 (r)
69       Credit cards and related plans           74.8         72.8
70       Other                                   168.4 (r)    168.5 (r)
71     Security (3)                               74.0         74.6
72       Federal funds sold to and
             repurchase agreements
             with broker-dealers                  60.9         61.8
73       Other                                    13.1         12.8
74     State and local government                 14.6         14.6
75     Agricultural                                9.5          9.5
76     Federal funds sold to and
           repurchase agreements
           with others                            20.9         21.9
77     All other loans                            65.1         65.4
78     Lease-financing receivables               132.3        131.6
79 Interbank loans                               146.0        157.9
80   Federal funds sold to and
         repurchase agreements
         with commercial banks                    75.1         83.6
81   Other                                        70.9         74.3
82 Cash assets (4)                               138.1        143.3
83 Other assets (5)                              285.1 (r)    294.1 (r)

84 Total assets (6)                            3,078.4 (r)  3,111.0 (r)

   Liabilities
85 Deposits                                    1,799.0      1,812.2
86   Transaction                                 300.6        294.2
87   Nontransaction                            1,498.4      1,518.0
88     Large time                                247.4        243.6
89     Other                                   1,251.0      1,274.3 (r)
90 Borrowings                                    634.0        651.5
91   From banks in the U.S                       206.2        208.2
92   From nonbanks in the U.S.                   427.8        443.3
93 Net due to related foreign offices            163.1 (r)    161.9 (r)
94 Other liabilities                             167.4 (r)    172.5 (r)

95 Total liabilities                           2,763.5 (r)  2,798.2 (r)

96 Residual (assets less                         314.9 (r)    312.9
       liabilities) (7)

                                              Monthly averages

                  Account                          2002

                                                   May

                                                Seasonally
                                                 adjusted

   Assets
 1 Bank credit                                   2,576.4
 2   Securities in bank credit                     665.0
 3     U.S. government securities                  390.5
 4       Trading account                            43.0
 5       Investment account                        347.5
 6     Other securities                            274.5
 7       Trading account                           140.5
 8       Investment account                        134.0
 9         State and local government               26.9
10         Other                                   107.0
11   Loans and leases in bank credit (2)         1,911.5
12     Commercial and industrial                   510.7
13       Bankers acceptances                          .0
14       Other                                     510.7
15     Real estate                                 837.0
16       Revolving home equity                     111.8
17       Other                                     725.2
18     Consumer                                    240.9
19     Security (3)                                 82.2
20       Federal funds sold to and
             repurchase agreements
             with broker-dealers                    69.1
21       Other                                      13.1
22     State and local government                   14.6
23     Agricultural                                  9.6
24     Federal funds sold to and
           repurchase agreements with
           others                                   18.6
25     All other loans                              67.0
26      Lease-financing receivables                131.0
27 Interbank loans                                 163.5
28   Federal funds sold to and
         repurchase agreements with
         commercial banks                           81.4
29   Other                                          82.1
30 Cash assets (4)                                 141.4
31 Other assets (5)                                297.1

32 Total assets (6)                              3,135.4

   Liabilities
33 Deposits                                      1,800.2
34   Transaction                                   288.5
35   Nontransaction                              1,511.7
36     Large time                                  246.7
37     Other                                     1,264.9
38 Borrowings                                      663.5
39   From banks in the U.S.                        204.0
40   From others                                   459.5
41 Net due to related foreign offices              169.1
42 Other liabilities                               185.6

43 Total liabilities                             2,818.4

44 Residual (assets less                           317.0
       liabilities) (7)

                                               Not seasonally
                                                 adjusted
   Assets
45 Bank credit                                   2,576.3
46   Securities in bank credit                     663.0
47     U.S. government securities                  389.0
48       Trading account                            42.8
49       Investment account                        346.2
50         Mortgage-backed securities              275.2
51         Other                                    71.0
52           One year or less                       16.0
53           One to five years                      42.3
54           More than five years                   12.7
55     Other securities                            274.0
56       Trading account                           140.2
57       Investment account                        133.8
58         State and local government               26.9
59         Other                                   106.9
60   Loans and leases in bank credit (2)         1,913.4
61     Commercial and industrial                   514.2
62       Bankers acceptances                          .0
63       Other                                     514.2
64     Real estate                                 840.4
65       Revolving home equity                     112.3
66       Other                                     419.4
67       Commercial                                308.8
68     Consumer                                    241.5
69       Credit cards and related plans             72.8
70       Other                                     168.7
71     Security (3)                                 77.0
72       Federal funds sold to and
             repurchase agreements
             with broker-dealers                    64.8
73       Other                                      12.3
74     State and local government                   14.6
75     Agricultural                                  9.6
76     Federal funds sold to and
           repurchase agreements
           with others                              18.6
77     All other loans                              66.4
78     Lease-financing receivables                 131.0
79 Interbank loans                                 164.6
80   Federal funds sold to and
         repurchase agreements
         with commercial banks                      81.9
81   Other                                          82.7
82 Cash assets (4)                                 140.9
83 Other assets (5)                                296.7

84 Total assets (6)                              3,135.6

   Liabilities
85 Deposits                                      1,794.7
86   Transaction                                   285.6
87   Nontransaction                              1,509.1
88     Large time                                  244.9
89     Other                                     1,264.2
90 Borrowings                                      669.9
91   From banks in the U.S                         205.3
92   From nonbanks in the U.S.                     464.6
93 Net due to related foreign offices              168.7
94 Other liabilities                               185.1

95 Total liabilities                             2,818.5

96 Residual (assets less                           317.1
       liabilities) (7)

                                             Wednesday figures

                  Account                          2002

                                             May 8    May 15

                                            Seasonally adjusted

   Assets
 1 Bank credit                              2,558.4   2,581.8
 2   Securities in bank credit                646.3     664.1
 3     U.S. government securities             381.8     390.8
 4       Trading account                       37.2      47.2
 5       Investment account                   344.6     343.6
 6     Other securities                       264.5     273.3
 7       Trading account                      131.3     138.5
 8       Investment account                   133.2     134.8
 9         State and local government          26.7      26.8
10         Other                              106.5     108.0
11   Loans and leases in bank credit (2)    1,912.1   1,917.7
12     Commercial and industrial              509.6     510.4
13       Bankers acceptances                   n.a.      n.a.
14       Other                                509.6     510.4
15     Real estate                            838.5     837.4
16       Revolving home equity                110.5     111.6
17       Other                                728.0     725.8
18     Consumer                               240.5     241.1
19     Security (3)                            81.6      86.3
20       Federal funds sold to and
             repurchase agreements
             with broker-dealers               68.2      73.3
21       Other                                 13.4      13.0
22     State and local government              14.6      14.5
23     Agricultural                             9.5       9.5
24     Federal funds sold to and
           repurchase agreements with
           others                              20.4      18.4
25     All other loans                         66.3      68.8
26      Lease-financing receivables           131.1     131.4
27 Interbank loans                            158.9     175.5
28   Federal funds sold to and
         repurchase agreements with
         commercial banks                      80.1      92.2
29   Other                                     78.8      83.3
30 Cash assets (4)                            136.8     140.2
31 Other assets (5)                           294.0     291.1

32 Total assets (6)                         3,105.0   3,145.6

   Liabilities
33 Deposits                                 1,795.0   1,818.3
34   Transaction                              273.3     289.1
35   Nontransaction                         1,521.7   1,529.2
36     Large time                             245.7     251.8
37     Other                                1,276.0   1,277.4
38 Borrowings                                 640.2     660.8
39   From banks in the U.S.                   201.3     208.9
40   From others                              438.9     451.8
41 Net due to related foreign offices         168.7     159.2
42 Other liabilities                          188.5     190.1

43 Total liabilities                        2,792.4   2,828.3

44 Residual (assets less                      312.5     317.2
       liabilities) (7)

                                              Not seasonally
                                                 adjusted
   Assets
45 Bank credit                              2,561.6   2,581.1
46   Securities in bank credit                644.6     661.9
47     U.S. government securities             379.3     389.1
48       Trading account                       36.9      47.0
49       Investment account                   342.3     342.1
50         Mortgage-backed securities         273.1     272.0
51         Other                               69.3      70.1
52           One year or less                  17.4      17.0
53           One to five years                 39.3      41.1
54           More than five years              12.5      12.0
55     Other securities                       265.3     272.7
56       Trading account                      131.7     138.2
57       Investment account                   133.6     134.5
58         State and local government          26.8      26.8
59         Other                              106.8     107.8
60   Loans and leases in bank credit (2)    1,917.0   1,919.2
61     Commercial and industrial              515.4     513.9
62       Bankers acceptances                   n.a.      n.a.
63       Other                                515.4     513.9
64     Real estate                            842.3     841.9
65       Revolving home equity                111.0     112.1
66       Other                                422.8     421.1
67       Commercial                           308.4     308.7
68     Consumer                               241.2     241.7
69       Credit cards and related plans        72.7      73.0
70       Other                                168.5     168.7
71     Security (3)                            76.4      80.1
72       Federal funds sold to and
             repurchase agreements
             with broker-dealers               63.9      68.0
73       Other                                 12.6      12.1
74     State and local government              14.6      14.5
75     Agricultural                             9.5       9.5
76     Federal funds sold to and
           repurchase agreements
           with others                         20.4      18.4
77     All other loans                         65.7      67.8
78     Lease-financing receivables            131.5     131.4
79 Interbank loans                            158.2     176.7
80   Federal funds sold to and
         repurchase agreements
         with commercial banks                 79.7      92.8
81   Other                                     78.5      83.9
82 Cash assets (4)                            132.8     138.6
83 Other assets (5)                           297.5     292.9

84 Total assets (6)                         3,107.0   3,146.2

   Liabilities
85 Deposits                                 1,789.2   1,813.4
86   Transaction                              266.2     287.1
87   Nontransaction                         1,522.9   1,526.3
88     Large time                             244.1     249.1
89     Other                                1,278.9   1,277.2
90 Borrowings                                 656.9     670.0
91   From banks in the U.S                    206.4     211.4
92   From nonbanks in the U.S.                450.5     458.6
93 Net due to related foreign offices         165.2     157.6
94 Other liabilities                          185.2     188.6

95 Total liabilities                        2,796.5   2,829.6

96 Residual (assets less                      310.5     316.7
       liabilities) (7)

                                             Wednesday figures

                  Account                          2002

                                             May 22     May 29

                                            Seasonally adjusted

   Assets
 1 Bank credit                              2,581.0   2,583.0
 2   Securities in bank credit                674.5     672.7
 3     U.S. government securities             393.1     393.3
 4       Trading account                       45.4      43.2
 5       Investment account                   347.7     350.1
 6     Other securities                       281.3     279.4
 7       Trading account                      146.5     146.3
 8       Investment account                   134.9     133.1
 9         State and local government          27.0      27.2
10         Other                              107.9     105.9
11   Loans and leases in bank credit (2)    1,906.6   1,910.3
12     Commercial and industrial              510.6     512.0
13       Bankers acceptances                   n.a.      n.a.
14       Other                                510.6     512.0
15     Real estate                            835.0     836.0
16       Revolving home equity                111.8     112.7
17       Other                                723.2     723.3
18     Consumer                               241.4     241.7
19     Security (3)                            80.5      81.6
20       Federal funds sold to and
             repurchase agreements
             with broker-dealers               67.7      68.4
21       Other                                 12.8      13.2
22     State and local government              14.5      14.6
23     Agricultural                             9.7       9.6
24     Federal funds sold to and
           repurchase agreements with
           others                              17.6      17.4
25     All other loans                         67.0      66.3
26      Lease-financing receivables           130.4     131.0
27 Interbank loans                            163.7     157.0
28   Federal funds sold to and
         repurchase agreements with
         commercial banks                      78.6      74.8
29   Other                                     85.1      82.3
30 Cash assets (4)                            135.7     153.7
31 Other assets (5)                           302.4     301.9

32 Total assets (6)                         3,139.8   3,152.8

   Liabilities
33 Deposits                                 1,794.3   1,794.0
34   Transaction                              293.4     304.9
35   Nontransaction                         1,501.0   1,489.1
36     Large time                             247.5     245.6
37     Other                                1,253.5   1,243.5
38 Borrowings                                 666.8     680.9
39   From banks in the U.S.                   202.0     201.0
40   From others                              464.8     480.0
41 Net due to related foreign offices         170.0     180.9
42 Other liabilities                          189.6     176.0

43 Total liabilities                        2,820.7   2,831.8

44 Residual (assets less                      319.1     321.1
       liabilities) (7)

                                              Not seasonally
                                                 adjusted

   Assets
45 Bank credit                              2,576.9   2,581.1
46   Securities in bank credit                671.5     670.2
47     U.S. government securities             391.5     391.6
48       Trading account                       45.2      43.0
49       Investment account                   346.3     348.6
50         Mortgage-backed securities         275.1     277.7
51         Other                               71.2      70.9
52           One year or less                  15.7      14.3
53           One to five years                 42.4      43.9
54           More than five years              13.1      12.7
55     Other securities                       279.9     278.6
56       Trading account                      145.7     145.9
57       Investment account                   134.2     132.7
58         State and local government          26.8      27.1
59         Other                              107.4     105.6
60   Loans and leases in bank credit (2)    1,905.4   1,910.9
61     Commercial and industrial              513.4     513.9
62       Bankers acceptances                   n.a.      n.a.
63       Other                                513.4     513.9
64     Real estate                            837.7     838.9
65       Revolving home equity                112.4     113.2
66       Other                                416.9     416.4
67       Commercial                           308.4     309.3
68     Consumer                               241.9     242.4
69       Credit cards and related plans        73.1      73.6
70       Other                                168.9     168.8
71     Security (3)                            74.8      76.8
72       Federal funds sold to and
             repurchase agreements
             with broker-dealers               62.9      64.4
73       Other                                 11.9      12.4
74     State and local government              14.5      14.6
75     Agricultural                             9.7       9.7
76     Federal funds sold to and
           repurchase agreements
           with others                         17.6      17.4
77     All other loans                         65.4      66.4
78     Lease-financing receivables            130.3     130.7
79 Interbank loans                            161.8     161.5
80   Federal funds sold to and
         repurchase agreements
         with commercial banks                 77.7      76.9
81   Other                                     84.1      84.6
82 Cash assets (4)                            126.0     165.0
83 Other assets (5)                           298.4     298.7

84 Total assets (6)                         3,120.3   3,163.5

   Liabilities
85 Deposits                                 1,776.0   1,795.1
86   Transaction                              281.2     311.6
87   Nontransaction                         1,494.7   1,483.5
88     Large time                             245.5     243.8
89     Other                                1,249.2   1,239.7
90 Borrowings                                 665.3     681.8
91   From banks in the U.S                    200.7     199.8
92   From nonbanks in the U.S.                464.6     482.0
93 Net due to related foreign offices         170.8     183.9
94 Other liabilities                          190.2     178.6

95 Total liabilities                        2,802.2   2,839.5

96 Residual (assets less                      318.1     324.0
       liabilities) (7)
D. Small domestically chartered commercial banks

Billions of dollars

                                            Monthly averages

                  Account                         2001

                                                   May

                                               Seasonally
                                                adjusted
   Assets
 1 Bank credit                                  2,085.0
 2   Securities in bank credit                    547.8
 3     U.S. government securities                 346.0
 4     Other securities                           201.8
 5   Loans and leases in bank credit (2)        1,537.2
 6     Commercial and industrial                  295.9
 7     Real estate                                832.3
 8       Revolving home equity                     48.4
 9       Other                                    783.9
10     Consumer                                   300.1 (r)
11     Security (3)                                 8.2
12     Other loans and leases                     100.6 (r)
13 Interbank loans                                115.5 (r)
14 Cash assets (4)                                103.3
15 Other assets (5)                               104.3 (r)

16 Total assets (6)                             2,380.4

   Liabilities
17 Deposits                                     1,872.3
18   Transaction                                  296.6
19   Nontransaction                             1,575.7
20     Large time                                 299.9 (r)
21     Other                                     1,275.9 (r)
22 Borrowings                                     336.3
23   From banks in the U.S.                       150.0 (r)
24   From others                                  186.3 (r)
25 Net due to related foreign offices              16.6
26 Other liabilities                               55.3

27 Total liabilities                            2,280.5

28 Residual (assets less                           99.9 (r)
       liabilities) (7)

                                            Not seasonally
                                             adjusted
   Assets
29 Bank credit                                  2,083.1
30   Securities in bank credit                    547.2 (r)
31     U.S. government securities                 345.3
32     Other securities                           201.8
33   Loans and leases in bank credit (2)        1,536.0
34     Commercial and industrial                  298.3
35     Real estate                                831.6
36       Revolving home equity                     48.3
37       Other                                    783.3
38     Consumer                                   297.9
39       Credit cards and related plans           132.2
40       Other                                    165.7 (r)
41     Security (3)                                 8.0
42     Other loans and leases                     100.2 (r)
43 Interbank loans                                110.0 (r)
44 Cash assets (4)                                102.7 (r)
45 Other assets (5)                               104.3 (r)

46 Total assets (6)                             2,372.4

   Liabilities
47 Deposits                                     1,866.0
48   Transaction                                  292.0
49   Nontransaction                             1,574.0
50     Large time                                 299.9 (r)
51     Other                                    1,274.2 (r)
52 Borrowings                                     336.3
53   From banks in the U.S.                       150.0 (r)
54   From others                                  186.3 (r)
55 Net due to related foreign offices              16.6
56 Other liabilities                               55.3

57 Total liabilities                            2,274.2

58 Residual (assets less
       liabilities) (7)                            98.2

                                                Monthly averages

                  Account                             2001

                                              Nov. (r)     Dec. (r)

                                               Seasonally adjusted

   Assets
 1 Bank credit                                  2,219.5    2,248.7
 2   Securities in bank credit                    598.5      616.0
 3     U.S. government securities                 385.5      395.7
 4     Other securities                           213.1      220.3
 5   Loans and leases in bank credit (2)        1,621.0    1,632.6
 6     Commercial and industrial                  301.4      304.0
 7     Real estate                                897.9      908.0
 8       Revolving home equity                     56.4       57.8
 9       Other                                    841.5      850.2
10     Consumer                                   313.1      312.4
11     Security (3)                                 7.9        8.0
12     Other loans and leases                     100.6      100.1
13 Interbank loans                                108.7      105.7
14 Cash assets (4)                                109.2      111.2
15 Other assets (5)                               130.8      135.8

16 Total assets (6)                             2,537.6    2,570.5

   Liabilities
17 Deposits                                     1,974.8    1,997.4
18   Transaction                                  304.3      306.3
19   Nontransaction                             1,670.5    1,691.1
20     Large time                                 311.8      305.4
21     Other                                    1,358.8    1,385.7
22 Borrowings                                     379.1      388.5
23   From banks in the U.S.                       169.0      171.9
24   From others                                  210.1      216.5
25 Net due to related foreign offices              10.3       10.0
26 Other liabilities                               65.0       64.8

27 Total liabilities                            2,429.3    2,460.7

28 Residual (assets less                          108.3      109.8
       liabilities) (7)

                                              Not seasoally adjusted

   Assets
29 Bank credit                                  2,224.7    2,260.8
30   Securities in bank credit                    598.4      618.5
31     U.S. government securities                 385.3      398.2
32     Other securities                           213.1      220.3
33   Loans and leases in bank credit (2)        1,626.3    1,642.3
34     Commercial and industrial                  300.4      304.1
35     Real estate                                900.6      910.6
36       Revolving home equity                     56.8       58.2
37       Other                                    843.7      852.4
38     Consumer                                   316.8      318.8
39       Credit cards and related plans           149.2      152.3
40       Other                                    167.6      166.5
41     Security (3)                                 8.3        8.3
42     Other loans and leases                     100.2      100.5
43 Interbank loans                                110.7      108.2
44 Cash assets (4)                                113.0      117.5
45 Other assets (5)                               130.8      135.8

46 Total assets (6)                             2,548.5    2,591.5

   Liabilities
47 Deposits                                     1,981.5    2,018.0
48   Transaction                                  306.7      316.2
49   Nontransaction                             1,674.8    1,701.8
50     Large time                                 311.8      305.4
51     Other                                    1,363.1    1,396.4
52 Borrowings                                     379.1      388.5
53   From banks in the U.S.                       169.0      171.9
54   From others                                  210.1      216.5
55 Net due to related foreign offices               0.3       10.0
56 Other liabilities                               65.0       64.8

57 Total liabilities                            2,436.0    2,481.3

58 Residual (assets less
       liabilities) (7)                           112.5      110.2

                                                Monthly averages

                  Account                             2002

                                          Jan. (r)  Feb. (r)  Mar. (r)

                                               Seasonally adjusted

   Assets
 1 Bank credit                             2,270.5   2,274.3   2,281.9
 2   Securities in bank credit               620.7     621.3     624.1
 3     U.S. government securities            399.9     403.0     409.6
 4     Other securities                      220.8     218.3     214.5
 5   Loans and leases in bank credit (2)   1,649.8   1,653.0   1,657.9
 6     Commercial and industrial             304.7     306.8     305.6
 7     Real estate                           916.8     923.1     929.2
 8       Revolving home equity                59.2      61.0      62.7
 9       Other                               857.6     862.0     866.6
10     Consumer                              321.2     315.7     316.1
11     Security (3)                            8.0       8.1       7.8
12     Other loans and leases                 99.2      99.4      99.1
13 Interbank loans                            98.9     103.5     101.3
14 Cash assets (4)                           113.9     113.7     114.7
15 Other assets (5)                          139.1     146.7     149.1

16 Total assets (6)                        2,591.5   2,607.8   2,616.5

   Liabilities
17 Deposits                                1,998.1   2,008.7   2,023.2
18   Transaction                             308.6     306.4     307.5
19   Nontransaction                        1,689.6   1,702.3   1,715.7
20     Large time                            302.9     302.9     303.2
21     Other                               1,386.7   1,399.4   1,412.6
22 Borrowings                                395.6     388.6     381.5
23   From banks in the U.S.                  177.3     175.1     170.0
24   From others                             218.3     213.5     211.6
25 Net due to related foreign offices          9.0      10.9       9.0
26 Other liabilities                          68.6      71.0      71.6

27 Total liabilities                       2,471.2   2,479.2   2,485.3

28 Residual (assets less                     120.3     128.6     131.2
       liabilities) (7)

                                             Not seasonally adjusted

   Assets
29 Bank credit                             2,272.4   2,270.6   2,277.1
30   Securities in bank credit               621.8     623.0     626.3
31     U.S. government securities            401.0     404.7     411.8
32     Other securities                      220.8     218.3     214.5
33   Loans and leases in bank credit (2)   1,650.7   1,647.6   1,650.8
34     Commercial and industrial             303.7     305.3     305.3
35     Real estate                           916.4     921.2     926.3
36       Revolving home equity                59.4      60.9      62.1
37       Other                               857.1     860.3     864.2
38     Consumer                              325.0     315.6     313.2
39       Credit cards and related plans      156.8     147.2     145.3
40       Other                               168.2     168.5     167.8
41     Security (3)                            7.8       8.0       8.0
42     Other loans and leases                 97.7      97.5      98.0
43 Interbank loans                            97.6     104.0     106.0
44 Cash assets (4)                           116.4     113.4     110.9
45 Other assets (5)                          139.1     146.7     149.1

46 Total assets (6)                        2,594.7   2,604.3   2,612.6

   Liabilities
47 Deposits                                2,008.4   2,012.7   2,027.8
48   Transaction                             312.7     304.4     305.7
49   Nontransaction                        1,695.8   1,708.3   1,722.1
50     Large time                            302.9     302.9     303.2
51     Other                               1,392.9   1,405.4   1,418.9
52 Borrowings                                395.6     388.6     381.5
53   From banks in the U.S.                  177.3     175.1     170.0
54   From others                             218.3     213.5     211.6
55 Net due to related foreign offices          9.0      10.9       9.0
56 Other liabilities                          68.6      71.0      71.6

57 Total liabilities                       2,481.5   2,483.2   2,489.9

58 Residual (assets less
       liabilities) (7)                      113.2     121.0     122.7

                                           Monthly averages

                  Account                        2002

                                          Apr. (r)    May

                                          Seasonally adjusted

   Assets
 1 Bank credit                             2,294.6   2,335.0
 2   Securities in bank credit               627.4     639.4
 3     U.S. government securities            415.1     430.0
 4     Other securities                      212.3     209.4
 5   Loans and leases in bank credit (2)   1,667.2   1,695.6
 6     Commercial and industrial             304.5     306.0
 7     Real estate                           934.7     955.6
 8       Revolving home equity                63.9      67.6
 9       Other                               870.8     888.0
10     Consumer                              322.4     325.3
11     Security (3)                            7.4       7.7
12     Other loans and leases                 98.2     101.1
13 Interbank loans                            92.2      98.7
14 Cash assets (4)                           114.2     113.8
15 Other assets (5)                          153.7     156.2

16 Total assets (6)                        2,623.7   2,672.5

   Liabilities
17 Deposits                                2,022.1   2,058.4
18   Transaction                             305.6     315.9
19   Nontransaction                        1,716.5   1,742.4
20     Large time                            303.2     307.4
21     Other                               1,413.3   1,435.1
22 Borrowings                                383.7     391.6
23   From banks in the U.S.                  166.8     167.4
24   From others                             216.9     224.3
25 Net due to related foreign offices          9.6      11.5
26 Other liabilities                          72.0      74.2

27 Total liabilities                       2,487.4   2,535.7

28 Residual (assets less                     136.3     136.8
       liabilities) (7)

                                             Not seasonally
                                                adjusted

   Assets
29 Bank credit                             2,291.8   2,332.9
30   Securities in bank credit               628.6     638.6
31     U.S. government securities            416.4     429.2
32     Other securities                      212.3     209.4
33   Loans and leases in bank credit (2)   1,663.2   1,694.3
34     Commercial and industrial             306.4     308.4
35     Real estate                           932.6     954.8
36       Revolving home equity                63.7      67.4
37       Other                               869.0     887.3
38     Consumer                              318.6     322.9
39       Credit cards and related plans      150.9     150.5
40       Other                               167.6     172.4
41     Security (3)                            7.6       7.5
42     Other loans and leases                 97.9     100.7
43 Interbank loans                            98.2      94.0
44 Cash assets (4)                           112.6     113.2
45 Other assets (5)                          153.7     156.2

46 Total assets (6)                        2,625.3   2,665.1

   Liabilities
47 Deposits                                2,035.1   2,051.6
48   Transaction                             307.3     311.1
49   Nontransaction                        1,727.8   1,740.5
50     Large time                            303.2     307.4
51     Other                               1,424.5   1,433.2
52 Borrowings                                383.7     391.6
53   From banks in the U.S.                  166.8     167.4
54   From others                             216.9     224.3
55 Net due to related foreign offices          9.6      11.5
56 Other liabilities                          72.0      74.2

57 Total liabilities                       2,500.3   2,529.0

58 Residual (assets less
       liabilities) (7)                      125.0     136.1

                                           Wednesday figures

                  Account                        2002

                                           May 8     May 15

                                          Seasonally adjusted

   Assets
 1 Bank credit                             2,329.6   2,335.0
 2   Securities in bank credit               638.1     638.3
 3     U.S. government securities            426.9     429.3
 4     Other securities                      211.2     209.0
 5   Loans and leases in bank credit (2)   1,691.5   1,696.6
 6     Commercial and industrial             305.2     305.6
 7     Real estate                           954.4     956.0
 8       Revolving home equity                67.1      67.4
 9       Other                               887.3     888.7
10     Consumer                              324.3     325.8
11     Security (3)                            7.4       7.8
12     Other loans and leases                100.3     101.5
13 Interbank loans                            93.9     102.3
14 Cash assets (4)                           112.1     115.0
15 Other assets (5)                          156.2     153.5

16 Total assets (6)                        2,660.5   2,674.5

   Liabilities
17 Deposits                                2,050.2   2,062.2
18   Transaction                             303.6     314.7
19   Nontransaction                        1,746.6   1,747.5
20     Large time                            308.9     306.9
21     Other                               1,437.7   1,440.6
22 Borrowings                                389.0     388.2
23   From banks in the U.S.                  164.6     166.5
24   From others                             224.4     221.7
25 Net due to related foreign offices         11.7      10.3
26 Other liabilities                          73.3      74.5

27 Total liabilities                       2,524.2   2,535.2

28 Residual (assets less                     136.4     139.3
       liabilities) (7)

                                             Not seasonally
                                                adjusted

   Assets
29 Bank credit                             2,328.1   2,333.9
30   Securities in bank credit               637.9     637.7
31     U.S. government securities            426.8     428.7
32     Other securities                      211.2     209.0
33   Loans and leases in bank credit (2)   1,690.1   1,696.2
34     Commercial and industrial             307.9     308.2
35     Real estate                           953.0     955.4
36       Revolving home equity                67.0      67.3
37       Other                               886.0     888.1
38     Consumer                              321.6     323.8
39       Credit cards and related plans      149.3     151.3
40       Other                               172.4     172.6
41     Security (3)                            7.4       7.6
42     Other loans and leases                100.2     101.2
43 Interbank loans                            93.7      97.0
44 Cash assets (4)                           109.4     112.6
45 Other assets (5)                          156.2     153.5

46 Total assets (6)                        2,656.2   2,665.8

   Liabilities
47 Deposits                                2,051.1   2,055.3
48   Transaction                             298.9     308.4
49   Nontransaction                        1,752.3   1,746.9
50     Large time                            308.9     306.9
51     Other                               1,443.4   1,440.0
52 Borrowings                                389.0     388.2
53   From banks in the U.S.                  164.6     166.5
54   From others                             224.4     221.7
55 Net due to related foreign offices         11.7      10.3
56 Other liabilities                          73.3      74.5

57 Total liabilities                       2,525.1   2,528.3

58 Residual (assets less
       liabilities) (7)                      131.1     137.5

                                           Wednesday figures

                  Account                        2002

                                           May 22    May 29

                                          Seasonally adjusted

   Assets
 1 Bank credit                             2,336.3   2,341.3
 2   Securities in bank credit               639.9     641.2
 3     U.S. government securities            431.1     432.2
 4     Other securities                      208.8     209.0
 5   Loans and leases in bank credit (2)   1,696.3   1,700.1
 6     Commercial and industrial             306.8     306.4
 7     Real estate                           956.8     956.9
 8       Revolving home equity                67.8      68.2
 9       Other                               889.0     888.7
10     Consumer                              323.9     327.5
11     Security (3)                            7.6       7.7
12     Other loans and leases                101.1     101.6
13 Interbank loans                            98.1     100.3
14 Cash assets (4)                           114.0     114.7
15 Other assets (5)                          156.9     157.1

16 Total assets (6)                        2,674.1   2,682.1

   Liabilities
17 Deposits                                2,058.2   2,063.5
18   Transaction                             321.3     329.7
19   Nontransaction                        1,736.9   1,733.8
20     Large time                            306.9     307.6
21     Other                               1,430.0   1,426.2
22 Borrowings                                393.6     396.7
23   From banks in the U.S.                  169.2     170.3
24   From others                             224.4     226.4
25 Net due to related foreign offices         10.6      13.3
26 Other liabilities                          74.7      74.5

27 Total liabilities                       2,537.1   2,548.0

28 Residual (assets less                     136.9     134.1
       liabilities) (7)

                                             Not seasonally
                                                adjusted

   Assets
29 Bank credit                             2,334.5   2,337.8
30   Securities in bank credit               638.9     640.0
31     U.S. government securities            430.1     431.0
32     Other securities                      208.8     209.0
33   Loans and leases in bank credit (2)   1,695.7   1,697.8
34     Commercial and industrial             309.2     308.5
35     Real estate                           956.6     956.1
36       Revolving home equity                67.6      67.9
37       Other                               889.0     888.2
38     Consumer                              322.1     324.8
39       Credit cards and related plans      149.4     152.1
40       Other                               172.7     172.7
41     Security (3)                            7.3       7.4
42     Other loans and leases                100.5     101.0
43 Interbank loans                            90.5      92.3
44 Cash assets (4)                           108.5     121.2
45 Other assets (5)                          156.9     157.1

46 Total assets (6)                        2,659.2   2,677.1

   Liabilities
47 Deposits                                2,042.0   2,055.1
48   Transaction                             310.3     329.5
49   Nontransaction                        1,731.7   1,725.6
50     Large time                            306.9     307.6
51     Other                               1,424.8   1,418.1
52 Borrowings                                393.6     396.7
53   From banks in the U.S.                  169.2     170.3
54   From others                             224.4     226.4
55 Net due to related foreign offices         10.6      13.3
56 Other liabilities                          74.7      74.5

57 Total liabilities                       2,520.9   2,539.6

58 Residual (assets less
       liabilities) (7)                      138.4     137.5
E. Foreign-related institutions

Billions of dollars

                                               Monthly averages

                  Account                   2001         2001

                                          May (r)  Nov. (r)  Dec. (r)

                                               Seasonally adjusted

   Assets
 1 Bank credit                               609.0     599.3    594.6
 2   Securities in bank credit               213.1     237.3    237.7
 3     U.S. government securities             55.7      55.7     55.0
 4     Other securities                      157.4     181.6    182.8
 5   Loans and leases in bank credit (2)     395.9     361.9    356.9
 6     Commercial and industrial             217.0     195.9    194.7
 7     Real estate                            18.1      18.9     19.0
 8     Security (3)                           93.3      76.9     74.2
 9     Other loans and leases                 67.4      70.2     69.0
10 Interbank loans                            29.0      25.0     20.4
11 Cash assets (4)                            37.6      38.1     39.0
12 Other assets (5)                           36.4      34.8     30.9

13 Total assets (6)                          711.6     696.7    684.5

   Liabilities
14 Deposits                                  407.2     433.7    445.0
15   Transaction                              10.7      10.9     11.2
16   Nontransaction                          396.5     422.9    433.7
17 Borrowings                                220.1     210.1    199.9
18   From banks in the U.S.                   20.4      24.4     24.8
19   From others                             199.7     185.7    175.1
20 Net due to related foreign offices        -12.4     -29.1    -48.7
21 Other liabilities                          85.4      80.4     78.5

22 Total liabilities                         700.3     695.2    674.6

23 Residual (assets less                      11.3       1.6      9.9
       liabilities) (7)

                                              Not seasonally adjusted

   Assets
24 Bank credit                               604.6     601.9    602.1
25   Securities in bank credit               213.1     237.3    237.7
26     U.S. government securities             55.7      55.7     55.0
27       Trading account                      13.0      13.0     11.7
28       Investment account                   42.7      42.7     43.2
29     Other securities                      157.4     181.6    182.8
30       Trading account                     101.0     108.2    107.9
31       Investment account                   56.3      73.5     74.8
32   Loans and leases in bank credit (2)     391.6     364.6    364.4
33     Commercial and industrial             214.5     197.5    196.4
34     Real estate                            18.1      18.9     19.0
35     Security (3)                           91.9      77.9     78.1
36     Other loans and leases                 67.0      70.2     70.9
37 Interbank loans                            29.0      25.0     20.4
3g Cash assets (4)                            36.3      40.4     41.4
39 Other assets (5)                           36.5      34.6     31.7

40 Total assets (6)                          706.1     701.5    695.3

   Liabilities
41 Deposits                                  411.2     437.3    457.3
42   Transaction                              10.3      11.1     12.0
43   Nontransaction                          400.9     426.2    445.3
44 Borrowings                                220.1     210.1    199.9
45   From banks in the U.S                    20.4      24.4     24.8
46   From others                             199.7     185.7    175.1
47 Net due to related foreign offices        -12.5     -30.5    -46.1
48 Other liabilities                         854.0      79.8     79.7

49 Total liabilities                         704.2     696.7    690.9

50 Residual (assets less
       liabilities) (7)                        1.9       4.7      4.4

                                                 Monthly averages

                  Account                            2002

                                          Jan. (r) Feb. (r)  Mar. (r)

                                               Seasonally adjusted

   Assets
 1 Bank credit                               584.9     587.0    593.8
 2   Securities in bank credit               229.9     227.5    225.4
 3     U.S. government securities             50.9      46.7     48.8
 4     Other securities                      179.0     180.8    176.6
 5   Loans and leases in bank credit (2)     355.0     359.5    368.4
 6     Commercial and industrial             193.0     197.1    200.3
 7     Real estate                            18.8      18.4     18.8
 8     Security (3)                           74.8      73.9     78.5
 9     Other loans and leases                 68.4      70.0     70.8
10 Interbank loans                            25.2      19.9     20.5
11 Cash assets (4)                            40.2      41.8     43.9
12 Other assets (5)                           31.0      31.7     29.9

13 Total assets (6)                          680.8     680.0    687.7

   Liabilities
14 Deposits                                  468.1     476.5    490.6
15   Transaction                              11.1      10.3     10.1
16   Nontransaction                          457.0     466.2    480.5
17 Borrowings                                185.2     191.1    187.5
18   From banks in the U.S.                   22.3      23.1     21.8
19   From others                             163.0     168.0    165.7
20 Net due to related foreign offices        -65.4     -73.1    -71.5
21 Other liabilities                          80.1      77.5     69.0

22 Total liabilities                         668.1     672.0    675.6

23 Residual (assets less                      12.7       8.1     12.1
       liabilities) (7)

                                              Not seasonally adjusted

   Assets
24 Bank credit                               590.5     591.0    593.7
25   Securities in bank credit               229.9     227.5    225.4
26     U.S. government securities             50.9      46.7     48.8
27       Trading account                       9.0       8.6      8.5
28       Investment account                   41.9      38.1     40.2
29     Other securities                      179.0     180.8    176.6
30       Trading account                     102.9     101.4     97.4
31       Investment account                   76.1      79.4     79.3
32   Loans and leases in bank credit (2)     360.6     363.5    368.3
33     Commercial and industrial             193.8     198.7    201.7
34     Real estate                            18.8      18.4     18.8
35     Security (3)                           78.9      76.3     76.2
36     Other loans and leases                 69.2      70.1     71.6
37 Interbank loans                            25.2      19.9     20.5
3g Cash assets (4)                            42.3      42.7     42.8
39 Other assets (5)                           31.8      32.3     30.7

40 Total assets (6)                          689.5     685.5    687.3

   Liabilities
41 Deposits                                  478.8     482.0    492.8
42   Transaction                              11.3      10.5      9.9
43   Nontransaction                          467.5     471.5    482.9
44 Borrowings                                185.2     191.1    187.5
45   From banks in the U.S                    22.3      23.1     21.8
46   From others                             163.0     168.0    165.7
47 Net due to related foreign offices        -62.3     -70.4    -68.5
48 Other liabilities                          81.5      78.6     70.2

49 Total liabilities                         683.3     681.3    682.0

50 Residual (assets less
       liabilities) (7)                        6.2       4.2      5.4

                                           Monthly averages

                  Account                        2002

                                          Apr. (r)      May

                                           Seasonally adjusted

   Assets
 1 Bank credit                               598.7     599.2
 2   Securities in bank credit               224.6     228.0
 3     U.S. government securities             49.6      49.8
 4     Other securities                      175.0     178.2
 5   Loans and leases in bank credit (2)     374.0     371.2
 6     Commercial and industrial             198.5     199.0
 7     Real estate                            19.2      19.2
 8     Security (3)                           84.5      81.2
 9     Other loans and leases                 71.8      71.8
10 Interbank loans                            22.1      23.7
11 Cash assets (4)                            46.2      44.2
12 Other assets (5)                           31.3      31.8

13 Total assets (6)                          697.8     698.5

   Liabilities
14 Deposits                                  507.2     508.5
15   Transaction                             105.0      10.9
16   Nontransaction                          496.7     497.6
17 Borrowings                                191.4     192.6
18   From banks in the U.S.                   23.2      22.2
19   From others                             168.3     170.4
20 Net due to related foreign offices        -73.6     -87.6
21 Other liabilities                          67.4     709.0

22 Total liabilities                         692.4     684.4

23 Residual (assets less                       5.5      14.0
       liabilities) (7)

                                              Not seasonally
                                                 adjusted

   Assets
24 Bank credit                               598.7     595.2
25   Securities in bank credit               224.6     228.0
26     U.S. government securities             49.6      49.8
27       Trading account                       9.0       9.7
28       Investment account                   40.6      40.1
29     Other securities                      175.0     178.2
30       Trading account                      96.9      99.1
31       Investment account                   78.2      79.1
32   Loans and leases in bank credit (2)     374.1     367.2
33     Commercial and industrial             197.2     196.7
34     Real estate                            19.2      19.2
35     Security (3)                           85.2      80.0
36     Other loans and leases                 72.5      71.3
37 Interbank loans                            22.1      23.7
3g Cash assets (4)                            44.3      42.7
39 Other assets (5)                           31.1      31.8

40 Total assets (6)                          695.8     693.1

   Liabilities
41 Deposits                                  511.0     513.6
42   Transaction                              10.0      10.5
43   Nontransaction                          501.0     503.1
44 Borrowings                                191.4     192.6
45   From banks in the U.S                    23.2      22.2
46   From others                             168.3     170.4
47 Net due to related foreign offices        -75.5     -87.7
48 Other liabilities                          66.7      70.8

49 Total liabilities                         693.7     689.4

50 Residual (assets less
       liabilities) (7)                        2.1       3.6

                                            Wednesday figures

                  Account                        2002

                                            May 8    May 15

                                           Seasonally adjusted

   Assets
 1 Bank credit                               594.6     594.8
 2   Securities in bank credit               224.6     224.5
 3     U.S. government securities             49.2      49.4
 4     Other securities                      175.4     175.1
 5   Loans and leases in bank credit (2)     370.1     370.2
 6     Commercial and industrial             195.7     197.5
 7     Real estate                            19.1      19.2
 8     Security (3)                           84.5      82.0
 9     Other loans and leases                 70.8      71.5
10 Interbank loans                            27.1      21.5
11 Cash assets (4)                            44.0      44.4
12 Other assets (5)                           31.1      30.8

13 Total assets (6)                          696.4     691.1

   Liabilities
14 Deposits                                  511.8     512.0
15   Transaction                              10.1      11.3
16   Nontransaction                          501.6     500.7
17 Borrowings                                194.6     190.9
18   From banks in the U.S.                   21.0      22.1
19   From others                             173.6     168.8
20 Net due to related foreign offices        -89.8     -92.2
21 Other liabilities                          67.4      67.4

22 Total liabilities                         684.0     678.0

23 Residual (assets less                      12.4      13.1
       liabilities) (7)

                                              Not seasonally
                                                 adjusted

   Assets
24 Bank credit                               591.5     591.3
25   Securities in bank credit               224.6     224.5
26     U.S. government securities             49.2      49.4
27       Trading account                       9.5       9.6
28       Investment account                   39.7      39.8
29     Other securities                      175.4     175.1
30       Trading account                      96.2      96.3
31       Investment account                   79.2      78.9
32   Loans and leases in bank credit (2)     367.0     366.8
33     Commercial and industrial             193.8     195.4
34     Real estate                            19.1      19.2
35     Security (3)                           83.8      81.0
36     Other loans and leases                 70.3      71.2
37 Interbank loans                            27.1      21.5
3g Cash assets (4)                            42.5      43.2
39 Other assets (5)                           31.6      31.2

40 Total assets (6)                          692.3     686.9

   Liabilities
41 Deposits                                  517.4     515.9
42   Transaction                               9.7      10.8
43   Nontransaction                          507.8     505.1
44 Borrowings                                194.6     190.9
45   From banks in the U.S                    21.0      22.1
46   From others                             173.6     168.8
47 Net due to related foreign offices        -90.3     -91.0
48 Other liabilities                          67.2      67.9

49 Total liabilities                         688.9     683.6

50 Residual (assets less
       liabilities) (7)                        3.5       3.3

                                             Wednesday figures

                  Account                          2002

                                             May 22   May 29

                                           Seasonally adjusted

   Assets
 1 Bank credit                               607.6     598.8
 2   Securities in bank credit               232.2     229.6
 3     U.S. government securities             50.1      49.8
 4     Other securities                      182.1     179.8
 5   Loans and leases in bank credit (2)     375.4     369.2
 6     Commercial and industrial             202.8     200.5
 7     Real estate                            19.4      19.2
 8     Security (3)                           80.3      77.6
 9     Other loans and leases                 72.9      71.8
10 Interbank loans                            21.3      24.6
11 Cash assets (4)                            44.7      43.8
12 Other assets (5)                           31.3      33.7

13 Total assets (6)                          704.5     700.6

   Liabilities
14 Deposits                                  505.0     505.7
15   Transaction                              11.3      10.8
16   Nontransaction                          493.7     494.9
17 Borrowings                                191.5     191.2
18   From banks in the U.S.                   23.9      19.8
19   From others                             167.6     171.4
20 Net due to related foreign offices        -80.1     -88.0
21 Other liabilities                          73.4      74.7

22 Total liabilities                         689.8     683.6

23 Residual (assets less                      14.7      17.0
       liabilities) (7)

                                              Not seasonally
                                                 adjusted

   Assets
24 Bank credit                               601.4     595.2
25   Securities in bank credit               232.2     229.6
26     U.S. government securities             50.1      49.8
27       Trading account                       9.7       9.8
28       Investment account                   40.3      40.0
29     Other securities                      182.1     179.8
30       Trading account                     102.5     101.0
31       Investment account                   79.6      78.8
32   Loans and leases in bank credit (2)     369.2     365.6
33     Commercial and industrial             200.1     197.9
34     Real estate                            19.4      19.2
35     Security (3)                           78.0      77.0
36     Other loans and leases                 71.7      71.5
37 Interbank loans                            21.3      24.6
3g Cash assets (4)                            42.7      42.6
39 Other assets (5)                           31.2      33.3

40 Total assets (6)                          696.2     695.4

   Liabilities
41 Deposits                                  509.6     512.4
42   Transaction                              10.8      10.7
43   Nontransaction                          498.8     501.7
44 Borrowings                                191.5     191.2
45   From banks in the U.S                    23.9      19.8
46   From others                             167.6     171.4
47 Net due to related foreign offices        -80.9     -87.6
48 Other liabilities                          73.0      74.8

49 Total liabilities                         693.2     690.8

50 Residual (assets less
       liabilities) (7)                        2.9       4.5
1.26 COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities (1)

F. Memo items

Billions of dollars

                                              Monthly averages

                                         2001       2001      2002

                                          May     Nov. (r)  Dec. (r)

                                            Not seasonally adjusted

   MEMO

   Large domestically chartered
       banks, adjusted for mergers
 1 Revaluation gains on off-balance-
       sheet items (8)                  83.9       106.0      80.6
 2 Revaluation losses on off-balance-
       sheet items (8)                  74.7        86.5      68.4
 3 Mortgage-backed securities (9)      256.6       296.2     317.4
 4   Pass-through                      191.5       212.5     216.8
 5   CMO, REMIC, and other              65.1        83.7     100.6
 6 Net unrealized gains (losses) on
       available-for-sale
       securities (10)                   2.1         9.7       4.6
 7 Off-shore credit to
       U.S. residents (11)              21.0        19.2      19.1
 8 Securitized consumer loans (12)      80.7        99.3      99.4
 9   Credit cards and related plans     71.8        88.3      88.7
10   Other                               8.9        11.0      10.7
11 Securitized business loans (12)      12.7        20.6      19.7

   Small domestically chartered
      commewial banks, adjusted for
      mergers
12 Mortgage-backed securities (9)      228.6       267.9     279.4
13 Securitized consumer loans (12)     237.3 (r)   246.1     251.2
14   Credit cards and related plans    229.7 (r)   237.4     242.9
15   Other
                                         7.6 (r)     8.7       8.4
   Foreign-related institutions
16 Revaluation gains on off-balance-
      sheet items (8)                   57.5 (r)    61.1      60.2
17 Revaluation losses on off-balance-
      sheet items (8)                   52.8 (r)    54.1      54.2
18 Securitized business loans (8)       30.8        26.4      25.2

                                              Monthly averages

                                                    2002

                                       Jan. (r)   Feb. (r)  Mar. (r)

                                            Not seasonally adjusted

   MEMO

   Large domestically chartered
       banks, adjusted for mergers
 1 Revaluation gains on off-balance-
       sheet items (8)                    86.3      81.7      73.2
 2 Revaluation losses on off-balance-
       sheet items (8)                    66.5      59.4      52.5
 3 Mortgage-backed securities (9)        314.6     298.2     300.2
 4   Pass-through                        217.7     203.4     203.2
 5   CMO, REMIC, and other                96.9      94.9      97.0
 6 Net unrealized gains (losses) on
       available-for-sale
       securities (10)                     2.3       3.5       3.3
 7 Off-shore credit to
       U.S. residents (11)                19.4      19.7      19.6
 8 Securitized consumer loans (12)        94.7      92.8      94.2
 9   Credit cards and related plans       84.3      82.6      82.4
10   Other                                10.4      10.3      11.9
11 Securitized business loans (12)        19.4      19.4      17.7

   Small domestically chartered
      commewial banks, adjusted for
      mergers
12 Mortgage-backed securities (9)        280.7     283.9     287.0
13 Securitized consumer loans (12)       258.3     252.5     249.3
14   Credit cards and related plans      250.5     244.9     241.9
15   Other                                 7.8       7.6       7.4

   Foreign-related institutions
16 Revaluation gains on off-balance-
      sheet items (8)                     54.8      52.2      46.8
17 Revaluation losses on off-balance-
      sheet items (8)                     51.5      48.0      40.6
18 Securitized business loans (8)         25.5      25.1      24.1

                                         Monthly averages   Wednesday
                                                             figures

                                                2002          2002

                                         Apr.       May      May 8

                                            Not seasonally adjusted

   MEMO

   Large domestically chartered
       banks, adjusted for mergers
 1 Revaluation gains on off-balance-
       sheet items (8)                  73.3        80.8      72.5
 2 Revaluation losses on off-balance-
       sheet items (8)                  57.5        61.7      56.6
 3 Mortgage-backed securities (9)      306.7 (r)   310.9     308.4
 4   Pass-through                      206.4 (r)   213.8     209.8
 5   CMO, REMIC, and other             100.3 (r)    97.1      98.7
 6 Net unrealized gains (losses) on
       available-for-sale
       securities (10)                   2.3 (r)     5.0       4.6
 7 Off-shore credit to
       U.S. residents (11)              19.5        19.5      19.4
 8 Securitized consumer loans (12)      94.6        94.7      94.2
 9   Credit cards and related plans     82.7        83.2      82.6
10   Other                              11.9        11.5      11.6
11 Securitized business loans (12)      17.1        16.7      17.0

   Small domestically chartered
      commewial banks, adjusted for
      mergers
12 Mortgage-backed securities (9)      289.9 (r)   303.1     302.5
13 Securitized consumer loans (12)     248.7 (r)   250.6     249.8
14   Credit cards and related plans    241.6 (r)   243.8     242.9
15   Other                               7.2         6.8       6.9

   Foreign-related institutions
16 Revaluation gains on off-balance-
      sheet items (8)                   46.2        49.6      46.6
17 Revaluation losses on off-balance-
      sheet items (8)                   39.8 (r)    42.4      39.4
18 Securitized business loans (8)       23.8        22.5      22.7

                                             Wednesday figures

                                                    2002

                                        May 15     May 22    May 29

                                            Not seasonally adjusted

   MEMO

   Large domestically chartered
       banks, adjusted for mergers
 1 Revaluation gains on off-balance-
       sheet items (8)                    77.4      86.1      87.6
 2 Revaluation losses on off-balance-
       sheet items (8)                    57.7      67.3      65.4
 3 Mortgage-backed securities (9)        307.9     311.0     313.2
 4   Pass-through                        211.5     215.1     217.3
 5   CMO, REMIC, and other                96.4      95.9      95.9
 6 Net unrealized gains (losses) on
       available-for-sale
       securities (10)                     4.6       5.2       5.2
 7 Off-shore credit to
       U.S. residents (11)                19.4      19.6      19.5
 8 Securitized consumer loans (12)        94.2      94.2      95.2
 9   Credit cards and related plans       82.7      82.7      83.8
10   Other                                11.5      11.4      11.4
11 Securitized business loans (12)        17.0      16.8      16.1

   Small domestically chartered
      commewial banks, adjusted for
      mergers
12 Mortgage-backed securities (9)        303.6     303.9     302.7
13 Securitized consumer loans (12)       249.5     252.8     250.1
14   Credit cards and related plans      242.7     246.0     243.3
15   Other                                 6.9       6.8       6.8

   Foreign-related institutions
16 Revaluation gains on off-balance-
      sheet items (8)                     47.4      52.0      51.8
17 Revaluation losses on off-balance-
      sheet items (8)                     40.1      44.3      45.2
18 Securitized business loans (12)        22.6      22.4      22.3

NOTE. Tables 1.26, 1.27, and 1.28 have been revised to reflect changes
in the Board's H.8 statistical release, "Assets and Liabilities of
Commercial Banks in the United States." Table 1.27, "Assets and
Liabilities of Large Weekly Reporting Commercial Banks," and table
1.28, "Large Weekly Reporting U.S. Branches and Agencies of Foreign
Banks," are no  longer being published in the Bulletin. Instead,
abbreviated balance sheets for both large and small domestically
chartered banks have been included in table 1.26, parts C and D. Data
are both merger-adjusted and break-adjusted. In addition, data from
large weekly reporting U.S. branches and agencies of foreign banks
have been replaced by balance sheet estimates of all foreign-related
institutions and are included in table 1.26, part E. These data are
break-adjusted.

The not-seasonally-adjusted data for all tables now contain
additional balance sheet items, which were available as of
October 2, 1996.

(1.) Covers the following types of institutions in the fifty states
and the District of Columbia: domestically chartered commercial banks
that submit a weekly report of condition (large domestic); other
domestically chartered commercial banks (small domestic); branches and
agencies of foreign banks, and Edge Act and agreement corporations
(foreign-related institutions). Excludes International Banking
Facilities. Data are Wednesday values or pro rata averages of Wednesday
values. Large domestic banks constitute a universe; data for small
domestic banks and foreign-related institutions are estimates based
on weekly samples and on quarter-end condition reports. Data are
adjusted for breaks caused by reclassifications of assets and
liabilities.

The data for large and small domestic banks presented on pp. A17-19 are
adjusted to remove the estimated effects of mergers between these two
groups. The adjustment for mergers changes past levels to make them
comparable with current levels. Estimated quantities of balance sheet
items acquired in mergers are removed from past data for the bank
group that contained the acquired bank and put into past data for the
group containing the acquiring bank. Balance sheet data for acquired
banks are obtained from Call Reports, and a ratio procedure is used to
adjust past levels.

(2.) Excludes federal funds sold to, reverse RPs with, and loans made
to commercial banks in the United States, all of which are included in
Interbank loans.

(3.) Consists of reverse RPs with brokers and dealers and loans to
purchase and carry securities.

(4.) Includes vault cash, cash items in process of collection,
balances due from depository institutions, and balances due from
Federal Reserve Banks.

(5.) Excludes the due-from position with related foreign offices,
which is included in "Net due to related foreign offices."

(6.) Excludes unearned income, reserves for losses on loans and
leases, and reserves for transfer risk. Loans are reported gross
of these items.

(7.) This balancing item is not intended as a measure of equity
capital for use in capital adequacy analysis. On a seasonally
adjusted basis, this item reflects any differences in the seasonal
patterns estimated for total assets and total liabilities.

(8.) Fair value of derivative contracts (interest rate, foreign
exchange rate, other commodity and equity contracts) in a gain/loss
position, as determined under FASB Interpretation No. 39.

(9.) Includes mortgage-backed securities issued by U.S. government
agencies, U.S. government-sponsored enterprises, and private entities.

(10.) Difference between fair value and historical cost for securities
classified as available-for-sale under FASB Statement No. 115. Data
are reported net of tax effects. Data shown are restated to include
an estimate of these tax effects.

(11.) Mainly commercial and industrial loans but also includes an
unknown amount of credit extended to other than non-financial
businesses.

(12.) Total amount outstanding.
1.32 COMMERCIAL PAPER OUTSTANDING

Millions of dollars, seasonally adjusted, end of period

                                    Year ending December
Item
                               1997       1998       1999       2000

1 All issuers                 966,699   1,163,303  1,403,023  1,615,341

  Financial companies (1)
2   Dealer-placed paper,
    total (2)                 513,307     614,142    786,643    973,060
3   Directly placed paper,
    total (3)                 252,536     322,030    337,240    298,848

4 Nonfinancial companies
 (4)                          200,857     227,132    279,140    343,433

                           Year ending         2001
Item                        December

                              2001        Nov.       Dec.

1 All issuers               1,438,764   1,435,808  1,438,764

  Financial companies (1)
2   Dealer-placed paper,
    total (2)                 989,364     993,491    989,364
3   Directly placed paper,
    total (3)                 224,553     227,422    224,553

4 Nonfinancial companies
  (4)                         224,847     214,894    224,847

                                             2002
Item
                               Jan.       Feb.       Mar.       Apr.

1 All issuers               1,428,494   1,402,875  1,358,114  1,351,516

  Financial companies (1)
2   Dealer-placed paper,
    total (2)                 984,251     984,441    964,070    972,268
3   Directly placed paper,
    total (3)                 224,595     218,266    205,292    196,056

4 Nonfinancial companies
   (4)                        219,648     200,168    188,753    183,192

(1.) Institutions engaged primarily in commercial, savings, and
mortgage banking; sales, personal and mortgage financing; factoring,
finance leasing, and other business lending; insurance underwriting;
and other investment activities.

(2.) Includes all financial-company paper sold by dealers in the open
market.

(3.) As reported by financial companies that place their paper
directly with investors.

(4.) Includes public utilities and firms engaged primarily in such
activities as communications, construction, manufacturing, mining,
wholesale and retail trade, transportation, and services.
1.33 PRIME RATE CHARGED BY BANKS Short-Term Business Loans (l)

Percent per year

Date of change    Rate         Period       Average
                                              rate

1999--Jan. 1      7.75     1999                 8.00
      July 1      8.00     2000                 9.23
      Aug. 25     8.25     2001                 6.91
      Nov. 17     8.50
                           1999--Jan.           7.75
2000--Feb. 3      8.75           Feb.           7.75
      Mar. 22     9.00           Mar.           7.75
      May 17      9.50           Apr.           7.75
                                 May            7.75
2001--Jan. 4      9.00           June           7.75
      Feb. 1      8.50           July           8.00
      Mar. 21     8.00           Aug.           8.06
      Apr. 19     7.50           Sept.          8.25
      May 16      7.00           Oct.           8.25
      June 28     6.75           Nov.           8.37
      Aug. 22     6.50           Dec.           8.50
      Sept. 18    6.00
      Oct. 3      5.50
      Nov. 7      5.00
      Dec. 12     4.75

Date of change     Period             Average
                                        rate

1999--Jan. 1       2000--Jan.           8.50
      July 1             Feb.           8.73
      Aug. 25            Mar.           8.83
      Nov. 17            Apr.           9.00
                         May            9.24
2000--Feb. 3             June           9.50
      Mar. 22            July           9.50
      May 17             Aug.           9.50
                         Sept.          9.50
2001--Jan. 4             Oct.           9.50
      Feb. 1             Nov.           9.50
      Mar. 21            Dec.           9.50
      Apr. 19
      May 16
      June 28
      Aug. 22
      Sept. 18
      Oct. 3
      Nov. 7
      Dec. 12

Date of change     Period             Average
                                        rate

1999--Jan. 1       2001--Jan.           9.05
      July 1             Feb.           8.50
      Aug. 25            Mar.           8.32
      Nov. 17            Apr.           7.80
                         May            7.24
2000--Feb. 3             June           6.98
      Mar. 22            July           6.75
      May 17             Aug.           6.67
                         Sept.          6.28
2001--Jan. 4             Oct.           5.53
      Feb. 1             Nov.           5.10
      Mar. 21            Dec.           4.84
      Apr. 19
      May 16       2002--Jan.           4.75
      June 28            Feb.           4.75
      Aug. 22            Mar.           4.75
      Sept. 18           Apr.           4.75
      Oct. 3             May            4.75
      Nov. 7             June           4.75
      Dec. 12

(1.) The prime rate is one of several base rates that banks use to price
short-term business loans. The table shows the date on which a new rate
came to be the predominant one quoted by a majority of the twenty-five
largest banks by asset size, based on the most recent Call Report.
Data in this table also appear in the Board's H.15 (519) weekly and
G.13 (415) monthly statistical releases. For ordering address, see
inside front cover.
1.35 INTEREST RATES Money and Capital Markets

Percent per year; figures are averages of business day data unless
otherwise noted

        Item                               1999      2000     2001

        MONEY MARKET INSTRUMENTS

 1  Federal funds (1,2,3)                  4.97      6.24     3.88
 2  Discount window borrowing (2,4)        4.62      5.73     3.40

  Commercial paper (3,5,6)
  Nonfinancial
 3  1-month                                5.09      6.27     3.78
 4  2-month                                5.14      6.29     3.68
 5  3-month                                5.18      6.31     3.65

  Financial
 6  1-month                                5.11      6.28     3.80
 7  2-month                                5.16      6.30     3.71
 8  3-month                                5.22      6.33     3.65

  Certificates of deposit, secondary
  market (3,7)
 9  1-month                                5.19      6.35     3.84
10  3-month                                5.33      6.46     3.71
11  6-month                                5.46      6.59     3.66
12  Eurodollar deposits, 3-month (3,8)     5.31      6.45     3.70

  U.S. Treasury bills
  Secondary market (3,5)
13  4-week                                 n.a.      n.a.     2.43
14  3-month                                4.64      5.82     3.40
15  6-month                                4.75      5.90     3.34

        U.S. TREASURY NOTES AND BONDS

  Constant maturities (9)
16  1-year                                 5.08      6.11     3.49
17  2-year                                 5.43      6.26     3.83
18  3-year                                 5.49      6.22     4.09
19  5-year                                 5.55      6.16     4.56
20  7-year                                 5.79      6.20     4.88
21  10-year                                5.65      6.03     5.02
22  20-year                                6.20      6.23     5.63

  Treasury long-term average (10,11)
23  25 years and above                   n.a. (r)  n.a. (r)  n.a. (r)

        STATE AND LOCAL NOTES AND BONDS

    Moody's series (12)
24  Aaa                                    5.28      5.58     4.99
25  Baa                                    5.70      6.19     5.75
26  Bond Buyer series (13)                 5.43      5.71     5.15

                CORPORATE BONDS

27  Seasoned issues, all industries (14)   7.45      7.98     7.49

    Rating group
28  Aaa (15)                               7.05      7.62     7.08
29  Aa                                     7.36      7.83     7.26
30  A                                      7.53      8.11     7.67
31  Baa                                    7.88      8.37     7.95

    MEMO

    Dividend-price ratio (16)
32  Common stocks                          1.25      1.15     1.32

                                                     2002
        Item
                                           Feb.      Mar.     Apr.

        MONEY MARKET INSTRUMENTS

 1  Federal funds (1,2,3)                  1.74      1.73     1.75
 2  Discount window borrowing (2,4)        1.25      1.25     1.25

  Commercial paper (3,5,6)
  Nonfinancial
 3  1-month                                1.76      1.78     1.76
 4  2-month                                1.76      1.82     1.77
 5  3-month                                1.79      1.86     1.81

  Financial
 6  1-month                                1.77      1.80     1.76
 7  2-month                                1.78      1.82     1.79
 8  3-month                                1.80      1.87     1.83

  Certificates of deposit, secondary
  market (3,7)
 9  1-month                                1.81      1.84     1.81
10  3-month                                1.82      1.91     1.87
11  6-month                                1.95      2.16     2.11
12  Eurodollar deposits, 3-month (3,8)     1.82      1.91     1.88

  U.S. Treasury bills
  Secondary market (3,5)
13  4-week                                 1.71      1.76     1.69
14  3-month                                1.73      1.79     1.72
15  6-month                                1.82      2.01     1.93

        U.S. TREASURY NOTES AND BONDS

  Constant maturities (9)
16  1-year                                 2.23      2.57     2.48
17  2-year                                 3.02      3.56     3.42
18  3-year                                 3.55      4.14     4.01
19  5-year                                 4.30      4.74     4.65
20  7-year                                 4.71      5.14     5.02
21  10-year                                4.91      5.28     5.21
22  20-year                                5.61      5.93     5.85

  Treasury long-term average (10,11)
23  25 years and above                     5.56      5.88     5.82

        STATE AND LOCAL NOTES AND BONDS

    Moody's series (12)
24  Aaa                                    4.93      5.09     5.09
25  Baa                                    5.71      5.92     5.86
26  Bond Buyer series (13)                 5.11      5.29     5.22

                CORPORATE BONDS

27  Seasoned issues, all industries (14)   7.18      7.44     7.36

    Rating group
28  Aaa (15)                               6.51      6.81     6.76
29  Aa                                     6.95      7.22     7.16
30  A                                      7.37      7.62     7.49
31  Baa                                    7.89      8.11     8.03

    MEMO

    Dividend-price ratio (16)
32  Common stocks                          1.43      1.37     1.42

                                           2002      2002, week
        Item                                            ending

                                         May      May 3    May 10

        MONEY MARKET INSTRUMENTS

 1  Federal funds (1,2,3)                  1.75      1.81     1.74
 2  Discount window borrowing (2,4)        1.25      1.25     1.25

  Commercial paper (3,5,6)
  Nonfinancial
 3  1-month                                1.75      1.73     1.75
 4  2-month                                1.76      1.74     1.75
 5  3-month                                1.78      1.77     1.79

  Financial
 6  1-month                                1.76      1.76     1.75
 7  2-month                                1.77      1.77     1.76
 8  3-month                                1.80      1.80     1.79

  Certificates of deposit, secondary
  market (3,7)
 9  1-month                                1.80      1.80     1.80
10  3-month                                1.82      1.80     1.80
11  6-month                                1.93      1.81     1.84
12  Eurodollar deposits, 3-month (3,5)     1.82      1.82     1.82

  U.S. Treasury bills
  Secondary market (3,8)
13  4-week                                 1.71      1.72     1.72
14  3-month                                1.73      1.74     1.74
15  6-month                                1.86      1.86     1.84

        U.S. TREASURY NOTES AND BONDS

  Constant maturities (9)
16  1-year                                 2.35      2.33     2.31
17  2-year                                 3.26      3.23     3.22
18  3-year                                 3.80      3.81     3.76
19  5-year                                 4.49      4.52     4.50
20  7-year                                 4.90      4.88     4.91
21  10-year                                5.16      5.11     5.16
22  20-year                                5.81      5.73     5.77

  Treasury long-term average (10,11)
23  25 years and above                     5.79      5.72     5.75

        STATE AND LOCAL NOTES AND BONDS

    Moody's series (12)
24  Aaa                                    5.03      5.00     4.99
25  Baa                                    5.79      5.75     5.74
26  Bond Buyer series (13)                 5.19      5.17     5.19

                CORPORATE BONDS

27  Seasoned issues, all industries (14)  7.37      7.32      7.33

    Rating group
28  Aaa (15)                               6.75      6.71     6.71
29  Aa                                     7.20      7.14     7.16
30  A                                      7.43      7.46     7.43
31  Baa                                    8.09      7.96     8.04

    MEMO

    Dividend-price ratio (16)
32  Common stocks                          1.48      1.47     1.47

                                         2002, week ending
        Item
                                          May 17    May 24   May 31

        MONEY MARKET INSTRUMENTS

 1  Federal funds (1,2,3)                  1.75      1.71     1.78
 2  Discount window borrowing (2,4)        1.25      1.25     1.25

  Commercial paper (3,5,6)
  Nonfinancial
 3  1-month                                1.75      1.74     1.75
 4  2-month                                1.77      1.76     1.74
 5  3-month                                1.80      1.77     1.75

  Financial
 6  1-month                                1.76      1.76     1.76
 7  2-month                                1.77      1.77     1.78
 8  3-month                                1.80      1.80     1.79

  Certificates of deposit, secondary
  market (3,7)
 9  1-month                                1.80      1.80     1.80
10  3-month                                1.82      1.82     1.83
11  6-month                                1.98      1.98     2.01
12  Eurodollar deposits, 3-month (3,8)     1.82      1.82     1.82

  U.S. Treasury bills
  Secondary market (3,5)
13  4-week                                 1.73      1.69     1.70
14  3-month                                1.74      1.72     1.72
15  6-month                                1.88      1.87     1.87

        U.S. TREASURY NOTES AND BONDS

  Constant maturities (9)
16  1-year                                 2.40      2.38     2.35
17  2-year                                 3.35      3.28     3.23
18  3-year                                 3.88      3.81     3.75
19  5-year                                 4.58      4.48     4.40
20  7-year                                 5.00      4.89     4.80
21  10-year                                5.26      5.17     5.10
22  20-year                                5.91      5.84     5.78

  Treasury long-term average (10,11)
23  25 years and above                     5.87      5.81     5.77

        STATE AND LOCAL NOTES AND BONDS

    Moody's series (12)
24  Aaa                                    5.08      5.08     5.02
25  Baa                                    5.84      5.82     5.78
26  Bond Buyer series (13)                 5.24      5.19     5.14

                CORPORATE BONDS

27  Seasoned issues, all industries (14)   7.44      7.38     7.33

    Rating group
28  Aaa (15)                               6.82      6.77     6.74
29  Aa                                     7.27      7.21     7.17
30  A                                      7.49      7.40     7.34
31  Baa                                    8.18      8.13     8.08

    MEMO

    Dividend-price ratio (16)
32  Common stocks                          1.46      1.47     1.50

NOTE. Some of the data in this table also appear in the Board's H.15
(519) weekly statistical release. For ordering address, see inside
front cover.

(1.) The daily effective federal funds rate is a weighted average of
rates on trades through New York brokers.

(2.) Weekly figures are averages of seven calendar days, ending on
Wednesday of the current week; monthly figures include each calendar
day in the month.

(3.) Annualized using a 360-day year or bank interest.

(4.) Rate for the Federal Reserve Bank of New York.

(5.) Quoted on a discount basis.

(6.) Interest rates interpolated from data on certain commercial paper
trades rattled by the Depository Trust Company. The trades represent
sales of commercial paper by dealers or direct issuers to investors
(that is, the offer side). See the Board's Commercial Paper web pages
(http://www.federalreserve.gov/releases/cp) for more information.

(7.) An average of dealer offering rates on nationally traded
certificates of deposit.

(8.) Bid rates for eurodollar deposits collected around 9:30 a.m.
Eastern time. Data are for indication purposes only.

(9.) Yields on actively traded issues adjusted to constant maturities.

(10.) Based on the unweighted average of the bid yields for all
Treasury fixed-coupon securities with remaining terms to maturity
of 25 years and over.

(11.) A factor for adjusting the daily long-term average in order to
estimate a 30-year rate can be found at http://www.treas.gov/offices/
domestic-finance/debt-managementlinterest-rate/Itcompositeindex.html.

(12.) General obligation bonds based on Thursday figures; Moody's
Investors Service.

(13.) State and local government general obligation bonds maturing
in twenty years are used in compiling this index. The twenty-bond
index has a rating roughly equivalent to Moodys' Al rating. Based on
Thursday figures.

(14.) Daily figures are averages of Aaa, Aa, A, and Baa yields from
Moody's Investors Service. Based on yields to maturity on selected
long-term bonds.

(15.) Effective December 7, 2001. the Moody's Aaa yield includes
yields only for industrial firms. Prior to December 7, 2001, the
Aaa yield represented both utilities and industrial.

(16.) Standard & Poor's corporate series. Common stock ratio is
based on the 500 stocks in the price index.

SOURCE: U.S. Department of the Treasury.
1.36 STOCK MARKET Selected Statistics

                                                              2001
        Indicator            1999       2000       2001
                                                              Sept.

                                    Prices and trading volume
                                    (average of daily figures)
   Common stock prices
       (indexes)
 1 New York Stock
       Exchange (Dec. 31,
       1965=50)               619.52     643.71     606.03     544.39
 2   Industrial               775.29     809.40     749.46     672.89
 3   Transportation           491.62     414.73     444.45     382.68
 4   Utility                  284.82     478.99     377.72     339.72
 5   Finance                  530.97     552.48     596.61     538.01

 6 Standard & Poor's
       Corporation
       (1941-43=10) (1)     1,327.33   1,427.22   1,194.18   1,044.64

 7 American Stock
       Exchange (Aug. 31,
       1973=50) (2)           770.90     922.22     879.08     823.78

   Volume of trading
       (thousands
       of shares)
 8 New York Stock
       Exchange              799,554  1,026,867  1,216,529  1,666,980
 9 American Stock
       Exchange               32,629     51,437     68,074     72,319

                                   Customer financing (millions
                                of dollars, end-of-period balances)

10 Margin credit at
       broker-dealers (3)    228,530    198,790    150,450    144,670

   Free credit balances
       at brokers (4)
11 Margin accounts (5)        55,130    100,680    101,640    115,450
12 Cash accounts              79,070     84,400     78,040     74,220

                                 Margin requirements (percent of
                              market value and effective date) (6)

                               Mar. 11, 1968        June 8, 1968

13 Margin stocks                    70                    80
14 Convertible bonds                50                    60
15 Short sales                      70                    80

                                    2001                  2002
        Indicator
                               Oct.       Nov.       Dec.       Jan.

   Common stock prices
       (indexes)
 1 New York Stock
       Exchange (Dec. 31,
       1965=50)               556.04     575.31     582.82     581.74
 2   Industrial               688.35     715.98     727.67     723.56
 3   Transportation           371.56     410.05     433.70     446.13
 4   Utility                  341.51     330.78     325.33     322.92
 5   Finance                  553.16     577.85     585.47     591.94

 6 Standard & Poor's
       Corporation
       (1941-43=10) (1)     1,076.59   1,129.68   1,144.93   1,140.21

 7 American Stock
       Exchange (Aug. 31,
       1973=50) (2)           825.91     814.78     828.19     835.02

   Volume of trading
       (thousands
       of shares)
 8 New York Stock
       Exchange            1,293,019  1,242,965  1,240,245  1,401,913
 9 American Stock
       Exchange               66,765     88,694     53,337     55,151

                                   Customer financing (millions
                                of dollars, end-of-period balances)

10 Margin credit at
       broker-dealers (3)    144,010    148,650    150,450    150,390

   Free credit balances
       at brokers (4)
11 Margin accounts (5)       101,850     98,330    101,640     97,330
12 Cash accounts              69,550     72,090     78,040     75,110

                                 Margin requirements (percent of
                               market value and effective date) (6)

                                May 6, 1970          Dec. 6, 1971

13 Margin stocks                    65                    55
14 Convertible bonds                50                    50
15 Short sales                      65                    55

                                               2002
        Indicator
                               Feb.       Mar.       Apr.        May

                                    Prices and trading volume
                                    (average of daily figures)
   Common stock prices
       (indexes)
 1 New York Stock
       Exchange (Dec. 31,
       1965=50)               569.55     600.74     587.58     575.75
 2   Industrial               715.80     751.79     732.71     718.12
 3   Transportation           453.51     490.51     470.00     459.55
 4   Utility                  301.32     316.25     300.57     287.10
 5   Finance                  570.18     609.72     610.24     603.15

 6 Standard & Poor's
       Corporation
       (1941-43=10) (1)     1,100.67   1,153.79   1,112.03   1,079.27

 7 American Stock
       Exchange (Aug. 31,
       1973=50) (2)           845.81     891.08     915.09     935.10

   Volume of trading
       (thousands
       of shares)
 8 New York Stock
       Exchange            1,362,830  1,321,351  1,280,714  1,215,786
 9 American Stock
       Exchange               55,657     56,375      n.a.       n.a.

                                   Customer financing (millions
                                of dollars, end-of-period balances)

10 Margin credit at
       broker-dealers (3)    147,030    149,370    150,940    150,860

   Free credit balances
       at brokers (4)
11 Margin accounts (5)        99,350     93,700     92,140     92,950
12 Cash accounts              72,730     69,790     68,540     66,120

                                  Margin requirements (percent of
                               market value and effective date) (6)

                               Nov. 24, 1972          Jan. 3, 1974

13 Margin stocks                    65                    50
14 Convertible bonds                50                    50
15 Short sales                      65                    50

(1.) In July 1976 a financial group, composed of banks and insurance
companies, was added to the group of stocks on which the index is
based. The index is now based on 400 industrial stocks (formerly 425),
20 transportation (formerly 15 rail), 40 public utility (formerly 60),
and 40 financial.

(2.) On July 5, 1983, the American Stock Exchange rebased its index,
effectively cutting previous readings in half.

(3.) Since July 1983, under the revised Regulation T, margin credit
at broker-dealers has included credit extended against stocks,
convertible bonds, stocks acquired through the exercise of subscription
rights, corporate bonds, and government securities. Separate reporting
of data for margin stocks, convertible bonds, and subscription issues
was discontinued in April 1984.

(4.) Free credit balances are amounts in accounts with no unfulfilled
commitments to brokers and are subject to withdrawal by customers on
demand.

(5.) Series initiated in June 1984.

(6.) Margin requirements, stated in regulations adopted by the Board
of Governors pursuant to the Securities Exchange Act of 1934, limit
the amount of credit that can be used to purchase and carry "margin
securities" (as defined in the regulations) when such credit is
collateralized by securities. Margin requirements on securities are
the difference between the market value (100 percent) and the maximum
loan value of collateral as prescribed by the Board. Regulation T was
adopted effective Oct. 15, 1934; Regulation U, effective May 1, 1936;
Regulation G, effective Mar. 11, 1968; and Regulation X, effective Nov.
1, 1971.

On Jan. 1, 1977, the Board of Governors for the first time established
in Regulation T the initial margin required for writing options on
securities, setting it at 30 percent of the current market value of
the stock underlying the option. On Sept. 30, 1985, the Board changed
the required initial margin, allowing it to be the same as the option
maintenance margin required by the appropriate exchange or self-
regulatory organization; such maintenance margin roles must be
approved by the Securities and Exchange Commission.
1.40    FEDERAL DEBT SUBJECT TO STATUTORY LIMITATION

Billions of dollars, end of month

                                                 2000
           Item
                                  Mar. 31       June 30      Sept. 30

 1 Federal debt outstanding       5,801.5       5,714.2       5,701.9

 2 Public debt securities         5,773.4       5,685.9       5,674.2
 3   Held by public               3,688.0       3,495.7       3,438.5
 4   Held by agencies             2,085.4       2,190.2       2,235.7

 5 Agency securities                 28.1          28.3          27.7
 6   Held by public                  27.8          28.2          27.6
 7   Held by agencies                  .4            .1            .1

 8 Debt subject to
     statutory limit              5,686.5       5,600.6       5,591.6

 9 Public debt securities         5,686.3       5,600.5       5,591.4
10 Other debt (1)                      .2            .2            .2

   MEMO

11 Statutory debt limit           5,950.0       5,950.0       5,950.0

                                 2000                  2001
           Item
                                Dec. 31         Mar. 31   June 30 (r)

 1 Federal debt outstanding  5,803.5 (r)        5,800.6       5,753.9

 2 Public debt securities    5,662.2            5,773.7       5,726.8
 3   Held by public          3,527.4 (r)        3,434.4       3,274.2
 4   Held by agencies        2,248.7            2,339.4       2,452.6

 5 Agency securities            27.4               26.8          27.1
 6   Held by public             27.3               26.8          27.1
 7   Held by agencies             .1                 .1            .0

 8 Debt subject to
     statutory limit         5,580.5            5,692.5       5,645.0

 9 Public debt securities    5,580.2            5,692.3       5,644.8
10 Other debt (1)                 .2                 .2            .2

   MEMO

11 Statutory debt limit      5,950.0            5,950.0       5,950.0

                                        2001                 2002
           Item
                              Sept. 30 (r)  Dec. 31 (r)   Mar. 31 (r)

 1 Federal debt outstanding       5,834.5       5,970.3       6,032.4

 2 Public debt securities         5,807.5       5,943.4       6,006.0
 3   Held by public               3,338.7       3,393.8       3,443.7
 4   Held by agencies             2,468.8       2,549.7       2,562.4

 5 Agency securities                 27.0          26.8          26.4
 6   Held by public                  27.0          26.8          26.4
 7   Held by agencies                  .0            .0            .0

 8 Debt subject to
     statutory limit              5,732.6       5,871.4       5,935.1

 9 Public debt securities         5,732.4       5,871.2       5,935.0
10 Other debt (1)                      .2            .3            .2

   MEMO

11 Statutory debt limit           5,950.0       5,950.0       5,950.0

(1.) Consists of guaranteed debt of U.S. Treasury and other Federal
agencies, specified participation certificates, notes to international
lending organizations, and District of Columbia stadium bonds.

Source. U.S. Department of the Treasury, Monthly Statement of the
Public Debt of the United States and Monthly Treasury Statement.
1.41 GROSS PUBLIC DEBT OF U.S. TREASURY Types and Ownership

Billions of dollars, end of period

Type and holder                    1998         1999         2000

 1 Total gross public debt      5,614.2      5,776.1      5,662.2

   By type
 2 Interest-bearing             5,605.4      5,766.1      5,618.1
 3   Marketable                 3,355.5      3,281.0      2,966.9
 4     Bills                      691.0        737.1        646.9
 5     Notes                    1,960.7      1,784.5      1,557.3
 6     Bonds                      621.2        643.7        626.5
 7     Inflation-indexed
        notes and bonds (1)        67.6        100.7        121.2
 8   Nonmarketable (2)          2,249.9      2,485.1      2,651.2
 9     State and local
        government series         165.3        165.7        151.0
10     Foreign issues (3)          34.3         31.3         27.2
11       Government                34.3         31.3         27.2
12       Public                      .0           .0           .0
13     Savings bonds and notes    180.3        179.4        176.9
14     Government account
        series (4)              1,840.0      2,078.7      2,266.1
15 Non-interest-bearing             8.8         10.0         44.2

   By holder (5)
16 U.S. Treasury and other
     federal agencies and
     trust funds                1,828.1      2,064.2      2,270.1 (r)
17 Federal Reserve Banks (6)      452.1        478.0        511.7
18 Private investors            3,334.0      3,233.9      2,880.4
19   Depository institutions      237.3        246.5        199.2
20   Mutual funds                 253.9 (r)    229.1 (r)    221.8 (r)
21   Insurance companies          141.7        123.4        110.2
22   State and local
      treasuries (7)              269.3        266.8        236.2
     Individuals
23   Savings bonds                186.6        186.4        184.8
24   Pension funds                330.2 (r)    321.6 (r)    305.8 (r)
25     Private                    112.5 (r)    110.4 (r)    ll0.1 (r)
26     State and Local            217.7        211.2        195.7
27   Foreign and
      international (8)         1,278.7      1,268.7      1,201.3
28   Other miscellaneous
      investors (7,9)            636.3 (r)    589.8 (r)    419.5 (r)

                                                     2001
Type and holder                    2001
                                                 Q2           Q3

 1 Total gross public debt      5,943.4      5,726.8      5,807.5

   By type
 2 Interest-bearing             5,930.8      5,682.8      5,763.6
 3   Marketable                 2,982.9      2,822.3      2,897.3
 4     Bills                      811.3        620.1        734.9
 5     Notes                    1,413.9      1,441.0      1,399.6
 6     Bonds                      602.7        616.9        612.9
 7     Inflation-indexed
        notes and bonds (1)       140.1        129.3        134.9
 8   Nonmarketable (2)          2,947.9      2,860.5      2,866.4
 9     State and local
        government series         146.3        153.3        146.4
10     Foreign issues (3)          15.4         24.0         18.3
11       Government                15.4         24.0         18.3
12       Public                      .0           .0           .0
13     Savings bonds and notes    181.5        178.4        179.6
14     Government account
        series (4)              2,574.8      2,474.7      2,492.1
15 Non-interest-bearing            12.7         44.0         43.8

   By holder (5)
16 U.S. Treasury and other
     federal agencies and
     trust funds                2,572.2      2,469.1      2,493.7
17 Federal Reserve Banks (6)      551.7        535.1        534.1
18 Private investors            2,819.5      2,722.6      2,779.7
19   Depository institutions      181.7 (r)    190.1        189.5
20   Mutual funds                 256.8 (r)    218.5 (r)    230,5 (r)
21   Insurance companies           82.4 (r)     94.8         88.5
22   State and local
      treasuries (7)              209.0 (r)    224.0        208.9
     Individuals
23   Savings bonds                190.3        185.5        186.4
24   Pension funds                289.3 (r)    308.6 (r)    289.4 (r)
25     Private                    103.3 (r)    104.3 (r)    101.7 (r)
26     State and Local            186.0        204.4        187.7
27   Foreign and
      international (8)         1,218.1      1,167.4      1,170.1
28   Other miscellaneous
      investors (7,9)             390.8        333.2 (r)    417.3 (r)

                                  2001         2002
Type and holder
                                    Q4           Q1

 1 Total gross public debt      5,943.4      6,006.0

   By type
 2 Interest-bearing             5,930.8      5,962.2
 3   Marketable                 2,982.9      3,003.3
 4     Bills                      811.3        834.4
 5     Notes                    1,413.9      1,411.7
 6     Bonds                      602.7        596.7
 7     Inflation-indexed
        notes and bonds (1)       140.1        145.6
 8   Nonmarketable (2)          2,947.9      2,958.9
 9     State and local
        government series         146.3        141.1
10     Foreign issues (3)          15.4         14.6
11       Government                15.4         14.6
12       Public                      .0           .0
13     Savings bonds and notes    181.5        183.6
14     Government account
        series (4)              2,574.8      2,589.7
15 Non-interest-bearing            12.7         43.8

   By holder (5)
16 U.S. Treasury and other
     federal agencies and
     trust funds                2,572.2      2,581.1
17 Federal Reserve Banks (6)      551.7        575.4
18 Private investors            2,819.5      2,849.5
19   Depository institutions      181.7 (r)    187.5
20   Mutual funds                 256.8 (r)    266.8
21   Insurance companies           82.4 (r)     82.4
22   State and local
      treasuries (7)              209.0 (r)    212.5
     Individuals
23   Savings bonds                190.3        191.9
24   Pension funds                289.3 (r)    299.6
25     Private                    103.3 (r)    104.0
26     State and Local            186.0        195.6
27   Foreign and
      international (8)         1,218.1      1,214.1
28   Other miscellaneous
      investors (7,9)             390.8        n.a.

(1.) The U.S. Treasury first issued inflation-indexed
securities during the first quarter of 1997.

(2.) Includes (not shown separately) securities issued to
the Rural Electrification Administration, depository bonds,
retirement plan bonds, and individual retirement bonds.

(3.) Nonmarketable series denominated in dollars, and
series denominated in foreign currency held by foreigners.

(4.) Held almost entirely by U.S. Treasury and other
federal agencies and trust funds.

(5.) Data for Federal Reserve Banks and U.S. government
agencies and trust funds are actual holdings; data for
other groups are Treasury estimates.

(6.) U.S. Treasury securities bought outright by Federal
Reserve Banks, see Bulletin table 1.18.

(7.) In March 1996 in a redefinition of series, fully
defeased debt backed by nonmarketable federal securities
was removed from "Other miscellaneous investors" and added
to "State and local treasuries." The data shown here have
been revised accordingly.

(8.) Includes nonmarketable foreign series Treasury securities
and Treasury deposit funds. Excludes Treasury securities held
under repurchase agreements in custody accounts at the Federal
Reserve Bank of New York.

9. Includes individuals, government-sponsored enterprises,
brokers and dealers, bank personal trusts and estates,
corporate and noncorporate businesses, and other investors.

SOURCES. Data by type of security, U.S. Treasury Department,
Monthly Statement of the Public Debt of the United States;
data by holder, Federal Reserve Board of Governors, Flow of
Funds Accounts of the United States and U.S. Treasury Department,
Treasury Bulletin, unless otherwise noted.
1.42 U.S. GOVERNMENT SECURITIES DEALERS Transactions (1)

Millions of dollars, daily averages

                                                      2002
                   Item
                                              Feb.     Mar.     Apr.

   By type of security
 1 U.S. Treasury bills                       42,233   44,546   42,502
   Treasury coupon securities by maturity
 2   Three years or less                    122,427  148,829  127,492
 3   More than three but less than or
          equal to six years                 82,210   90,406   76,341
 4   More than six but less than or equal
          to eleven years                    69,912   76,902   61,584
 5   More than eleven                        15,747   21,396   17,254
 6   Inflation-indexed (2)                    1,735    1,794    2,132

   Federal agency and government-
       sponsored enterprises
 7   Discount notes                          54,029   49,852   50,140
     Coupon securities by maturity
 8     Three years or less                   10,672   11,871   12,209
 9     More than three years but less than
         or equal to six years               10,590   12,763    7,071
10     More than six years but less than
         or equal to eleven years             6,019    7,350    7,456
11     More than eleven years                 1,473    1,201      846

12   Mortgage-backed                        136,655  138,204  125,503

   Corporate securities
13   One year or less                       102,218  110,024  101,705
14   More than one year                      18,835   24,309   19,088

   By type of counterparty
   With interdealer broker
15   U.S. Treasury                          156,162  174,400  152,004
16   Federal agency and government-
        sponsored enterprises                10,972   12,303   11,552
17   Mortgage-backed                         34,770   36,404   37,570
18   Corporate                                  536      620      546
   With other
19   U.S. Treasury                          178,102  209,471  175,300
20   Federal agency and government-
         sponsored enterprises               71,811   70,734   66,170
21   Mortgage-backed                        101,885  101,799   87,933
22   Corporate                              120,517  133,713  120,247

                                                 2002, week ending
                   Item
                                            Apr. 3   Apr. l0  Apr. 17

   By type of security
 1 U.S. Treasury bills                       60,775   46,932   40,435
   Treasury coupon securities by maturity
 2   Three years or less                    130,006  111,450  120,773
 3   More than three but less than or
          equal to six years                 72,526   76,103   72,674
 4   More than six but less than or equal
          to eleven years                    59,665   59,192   63,474
 5   More than eleven                        17,524   14,443   16,631
 6   Inflation-indexed (2)                    2,303    1,948    2,739

   Federal agency and government-
       sponsored enterprises
 7   Discount notes                          60,244   47,009   49,187
     Coupon securities by maturity
 8     Three years or less                    9,713   11,640   11,261
 9     More than three years but less than
         or equal to six years                7,014    6,767    6,321
10     More than six years but less than
         or equal to eleven years             4,978    8,947    8,699
11     More than eleven years                   761      782      506

12   Mortgage-backed                        133,050  177,968  116,019

   Corporate securities
13   One year or less                       112,243   98,667  106,891
14   More than one year                      19,224   19,337   18,384

   By type of counterparty
   With interdealer broker
15   U.S. Treasury                          149,028  148,214  148,245
16   Federal agency and government-
        sponsored enterprises                 8,864   12,274   10,228
17   Mortgage-backed                         42,528   48,421   36,459
18   Corporate                                  436      628      559
   With other
19   U.S. Treasury                          193,771  161,855  168,480
20   Federal agency and government-
         sponsored enterprises               73,847   62,871   65,745
21   Mortgage-backed                         90,521  129,547   79,560
22   Corporate                              131,032  117,376  124,715

                                                 2002, week ending
                   Item
                                            Apr. 24   May 1    May 8

   By type of security
 1 U.S. Treasury bills                       32,157   38,777   38,256
   Treasury coupon securities by maturity
 2   Three years or less                    153,801  121,169  129,469
 3   More than three but less than or
          equal to six years                 68,053   94,441  114,072
 4   More than six but less than or equal
          to eleven years                    59,420   66,354   69,823
 5   More than eleven                        18,561   19,712   15,117
 6   Inflation-indexed (2)                    1,900    1,765    1,367

   Federal agency and government-
       sponsored enterprises
 7   Discount notes                          47,084   51,487   47,559
     Coupon securities by maturity
 8     Three years or less                   15,775   11,522   11,681
 9     More than three years but less than
         or equal to six years                7,245    8,214    9,225
10     More than six years but less than
         or equal to eleven years             7,027    6,431    7,799
11     More than eleven years                 1,283      871      892

12   Mortgage-backed                         92,334  107,578  213,612

   Corporate securities
13   One year or less                        99,259   94,173   98,847
14   More than one year                      19,235   19,372   16,546

   By type of counterparty
   With interdealer broker
15   U.S. Treasury                          159,863  153,850  164,535
16   Federal agency and government-
        sponsored enterprises                13,062   12,433   11,957
17   Mortgage-backed                         29,504   31,759   48,053
18   Corporate                                  527      535      435
   With other
19   U.S. Treasury                          174,029  188,368  203,569
20   Federal agency and government-
         sponsored enterprises               65,353   66,091   65,199
21   Mortgage-backed                         62,830   75,820  165,559
22   Corporate                              117,968  113,010  114,957

                                                 2002, week ending
                   Item
                                            May 15   May 22   May 29

   By type of security
 1 U.S. Treasury bills                       49,294   37,240   42,001
   Treasury coupon securities by maturity
 2   Three years or less                    123,051  126,615  168,908
 3   More than three but less than or
          equal to six years                109,148   85,416   85,066
 4   More than six but less than or equal
          to eleven years                    90,182   61,803   55,138
 5   More than eleven                        19,010   18,533   15,429
 6   Inflation-indexed (2)                    2,270    1,443    1,185

   Federal agency and government-
       sponsored enterprises
 7   Discount notes                          43,742   46,622   51,560
     Coupon securities by maturity
 8     Three years or less                   10,687    9,275    8,795
 9     More than three years but less than
         or equal to six years               10,763    9,744    9,738
10     More than six years but less than
         or equal to eleven years            10,476   11,250    4,885
11     More than eleven years                 1,176    1,161    1,244

12   Mortgage-backed                        152,057   80,467   90,260

   Corporate securities
13   One year or less                       103,795  108,781   92,933
14   More than one year                      18,339   22,093   16,623

   By type of counterparty
   With interdealer broker
15   U.S. Treasury                          177,769  152,842  172,923
16   Federal agency and government-
        sponsored enterprises                12,910   12,826    8,996
17   Mortgage-backed                         45,979   23,763   27,646
18   Corporate                                  514      435      274
   With other
19   U.S. Treasury                          215,185  178,207  194,804
20   Federal agency and government-
         sponsored enterprises               63,934   65,226   67,226
21   Mortgage-backed                        106,078   56,705   62,614
22   Corporate                              121,619  130,438  109,282

(1.) The figures represent purchases and sales in the market
by the primary U.S. government securities dealers reporting
to the Federal Reserve Bank of New York. Outright transactions
include all U.S. government, federal agency, government-sponsored
enterprise, mortgage-backed, and corporate securities scheduled
the immediate and forward delivery, as well as all U.S. government
securities traded on a when-issued basis between the announcement
and issue date. Data do not include transactions under repurchase
and reverse repurchase (resale) agreements. Averages are based on
the number of trading days in the week.

(2.) Outright Treasury inflation-indexed securities (TIIS)
transactions are reported at principal value, excluding accrued
interest, where principal value reflects the original issuance
par amount (unadjusted for inflation/times the price times the
index ratio.

NOTE. Major changes in the report form filed by primary dealers
induced a break in the dealer data series as of the week ending
July 4, 2001. Current weekly data may be found at the Federal
Reserve Bank of New York web site (http:www.newyorkfed.org/
pihome/statistics) under the Primary Dealer heading.
1.43 U.S. GOVERNMENT SECURITIES DEALERS Positions and Financing (1)

Millions of dollars

                                                   2002
     Item by type of selling
                                         Feb.       Mar.       Apr.

 1 U.S. Treasury bills                 28,170     27,972     34,802
   Treasury coupon securities
          by maturity
 2   Three year or less               -28,348    -24,485    -24,310
 3   More than three years but
          less than or equal
          to six years                -23,482    -32,811    -32,608
 4   More than six but less than
          or equal to eleven years    -13,477    -16,734    -18,337
 5   More than eleven                  12,230      7,431      8,103
 6   Inflation-indexed                  3,450      3,654      3,663

   Federal agency and government-
       sponsored enterprises
 7   Discount notes                    49,069     44,291     45,988
     Coupon securities,
         by maturity
 8     Three years or less             11,856      8,783     10,878
 9     More than three years but
            less than or equal
            to six years                1,318        -41      3,238
10     More than six but less than
            or equal to
            eleven years                1,111      2,503      2,620
11     More than eleven                 3,479      2,421      2,122

12 Mortgage-backed                      6,195      7,596     13,347

   Corporate securities
13   One year or less                  17,989     22,486     25,916
14   More than one year                36,235     42,634     44,266

                                               Financing (3)

   Securities in, U.S. Treasury
15 Overnight and continuing           547,472    561,103    550,742
16 Term                               656,569    684,041    732,963
   Federal agency and government-
        sponsored enterprises
17 Overnight and continuing           140,693    143,017    154,574
18 Term                               224,572    231,817    259,399
   Mortgage-backed securities
19 Overnight and continuing            35,759     34,190     33,398
20 Term                               217,733    217,741    226,728
   Corporate securities
21 Overnight and continuing            41,282     44,546     46,910 (r)
22 Term                                22,076     22,000     22,627 (r)

   MEMO

   Reverse repurchase agreements
23 Overnight and continuing           381,084    396,888    380,722
24 Term                               997,678  1,022,616  1,114,158

   Securities out, U.S. Treasury
25 Overnight and continuing           551,187    541,747    526,507
26 Term                               580,525    617,458    682,748
   Federal agency and government-
        sponsored enterprises
27 Overnight and continuing           248,413    236,666    259,604
28 Term                               167,477    177,049    212,975
   Mortgage-backed securities
29 Overnight and continuing           286,742    285,270    291,840
30 Term                               127,225    131,364    147,574
   Corporate securities
31 Overnight and continuing           100,801    109,269    119,914 (r)
32 Term                                17,993     17,912     18,440

   MEMO

   Repurchase agreements
33 Overnight and continuing         1,044,255  1,024,379  1,038,639
34 Term                               872,476    922,916  1,040,296

                                           2002, week ending
     Item by type of selling
                                      Apr. 3    Apr. 10    Apr. 17

 1 U.S. Treasury bills                 49,095     50,904     35,473
   Treasury coupon securities
          by maturity
 2   Three year or less               -24,615    -25,689    -23,849
 3   More than three years but
          less than or equal
          to six years                -35,061    -34,418    -32,028
 4   More than six but less than
          or equal to eleven years    -17,398    -16,414    -19,356
 5   More than eleven                   6,615      7,531      8,237
 6   Inflation-indexed                  2,761      2,516      3,633

   Federal agency and government-
       sponsored enterprises
 7   Discount notes                    43,709     41,901     41,761
     Coupon securities,
         by maturity
 8     Three years or less             10,368     13,112     10,950
 9     More than three years but
            less than or equal
            to six years                  524      3,817      3,770
10     More than six but less than
            or equal to
            eleven years                4,107      2,879      4,170
11     More than eleven                 1,679      2,028      1,895

12 Mortgage-backed                     11,154      9,598      9,101

   Corporate securities
13   One year or less                  25,566     24,110     24,391
14   More than one year                44,704     48,692     44,164

                                               Financing (3)

   Securities in, U.S. Treasury
15 Overnight and continuing           563,375    542,945    556,094
16 Term                               653,865    709,499    737,230
   Federal agency and government-
        sponsored enterprises
17 Overnight and continuing           146,552    158,010    156,175
18 Term                               224,205    252,620    257,406
   Mortgage-backed securities
19 Overnight and continuing            28,429     32,354     33,285
20 Term                               218,400    227,691    222,742
   Corporate securities
21 Overnight and continuing            45,226     45,693     46,193
22 Term                                22,553     22,643     22,288

   MEMO

   Reverse repurchase agreements
23 Overnight and continuing           382,713    372,588    383,924
24 Term                             1,013,590  1,085,830  1,111,235

   Securities out, U.S. Treasury
25 Overnight and continuing           528,676    532,861    529,215
26 Term                               606,014    653,758    682,354
   Federal agency and government-
        sponsored enterprises
27 Overnight and continuing           246,218    259,862    266,751
28 Term                               194,537    207,408    213,399
   Mortgage-backed securities
29 Overnight and continuing           278,345    270,840    314,099
30 Term                               129,977    146,433    139,321
   Corporate securities
31 Overnight and continuing           117,261    115,882    119,754
32 Term                                17,780     17,528     18,975

   MEMO

   Repurchase agreements
33 Overnight and continuing         1,014,688  1,023,015  1,071,491
34 Term                               928,093  1,004,041  1,031,826

                                           2002, week ending
     Item by type of selling
                                     Apr. 24      May 1      May 8

 1 U.S. Treasury bills                 23,817     20,901     19,177
   Treasury coupon securities
          by maturity
 2   Three year or less               -20,695    -27,302    -24,186
 3   More than three years but
          less than or equal
          to six years                -32,090    -30,551    -24,022
 4   More than six but less than
          or equal to eleven years    -20,125    -17,774    -16,402
 5   More than eleven                  10,073      7,062      4,654
 6   Inflation-indexed                  4,653      4,332      3,964

   Federal agency and government-
       sponsored enterprises
 7   Discount notes                    45,261     57,674     54,878
     Coupon securities,
         by maturity
 8     Three years or less              9,243     10,350      8,625
 9     More than three years but
            less than or equal
            to six years                2,564      4,084      4,784
10     More than six but less than
            or equal to
            eleven years                2,325        111       -424
11     More than eleven                 2,291      2,519      2,568

12 Mortgage-backed                     14,189     22,788     16,193

   Corporate securities
13   One year or less                  25,164     30,853     32,024
14   More than one year                43,139     40,316     38,310

                                               Financing (3)

   Securities in, U.S. Treasury
15 Overnight and continuing           540,981    558,667    573,605
16 Term                               770,838    750,722    789,783
   Federal agency and government-
        sponsored enterprises
17 Overnight and continuing           157,378    149,438    148,576
18 Term                               274,316    259,825    271,693
   Mortgage-backed securities
19 Overnight and continuing            31,619     39,308     32,081
20 Term                               228,483    232,372    240,183
   Corporate securities
21 Overnight and continuing            48,865     47,726     48,283
22 Term                                22,797     22,843     22,962

   MEMO

   Reverse repurchase agreements
23 Overnight and continuing           375,185    391,942    390,599
24 Term                             1,165,475  1,141,031  1,199,512

   Securities out, U.S. Treasury
25 Overnight and continuing           520,082    522,347    520,235
26 Term                               718,711    713,438    756,812
   Federal agency and government-
        sponsored enterprises
27 Overnight and continuing           263,871    252,681    259,256
28 Term                               230,600    207,631    223,313
   Mortgage-backed securities
29 Overnight and continuing           301,774    285,529    285,008
30 Term                               157,989    155,183    163,094
   Corporate securities
31 Overnight and continuing           120,679    125,237    128,108
32 Term                                19,080     18,462     18,921

   MEMO

   Repurchase agreements
33 Overnight and continuing         1,046,821  1,020,972  1,026,568
34 Term                             1,104,729  1,073,404  1,140,430

                                       2002, week ending
     Item by type of selling
                                       May 15     May 22

 1 U.S. Treasury bills                 21,262     20,575
   Treasury coupon securities
          by maturity
 2   Three year or less               -33,063    -21,420
 3   More than three years but
          less than or equal
          to six years                -29,009    -28,934
 4   More than six but less than
          or equal to eleven years    -15,370    -15,411
 5   More than eleven                   6,865      6,848
 6   Inflation-indexed                  2,627      1,927

   Federal agency and government-
       sponsored enterprises
 7   Discount notes                    48,240     41,845
     Coupon securities,
         by maturity
 8     Three years or less              9,790      8,500
 9     More than three years but
            less than or equal
            to six years                7,355      3,098
10     More than six but less than
            or equal to
            eleven years                 -193      3,179
11     More than eleven                 2,624      2,569

12 Mortgage-backed                      9,042     14,297

   Corporate securities
13   One year or less                  31,163     24,579
14   More than one year                39,973     40,599

                                         Financing (3)

   Securities in, U.S. Treasury
15 Overnight and continuing           613,728    580,438
16 Term                               650,972    700,031
   Federal agency and government-
        sponsored enterprises
17 Overnight and continuing           152,285    149,387
18 Term                               274,075    285,275
   Mortgage-backed securities
19 Overnight and continuing            37,056     38,356
20 Term                               254,438    267,220
   Corporate securities
21 Overnight and continuing            48,855     49,756
22 Term                                22,683     23,071

   MEMO

   Reverse repurchase agreements
23 Overnight and continuing           435,873    399,061
24 Term                             1,083,209  1,151,842

   Securities out, U.S. Treasury
25 Overnight and continuing           563,187    521,975
26 Term                               613,666    671,563
   Federal agency and government-
        sponsored enterprises
27 Overnight and continuing           258,873    258,580
28 Term                               221,096    227,628
   Mortgage-backed securities
29 Overnight and continuing           318,337    311,047
30 Term                               154,796    178,158
   Corporate securities
31 Overnight and continuing           124,634    120,663
32 Term                                19,945     19,681

   MEMO

   Repurchase agreements
33 Overnight and continuing         1,100,316  1,053,374
34 Term                               989,031  1,076,557

(1.) Data for positions and financing are obtained from reports
submitted to the Federal Reserve Bank of New York by the U.S.
government securities dealers on its published list of primary
dealers. Weekly figures are close-of-business Wednesday data.
Positions for calendar days of the report week are assumed to
be constant. Monthly averages are based on the number of calendar
days in the month.

(2.) Net outright positions include all U.S. government, federal
agency, government-sponsored enterprise mortgage-backed, and
corporate securities scheduled for immediate and forward delivery,
as well as U.S. government securities traded on a when-issued basis
between the announcement and issue date.

(3.) Figures cover financing U.S. government, federal agency,
government-sponsored enterprise, mortgage-backed, and corporate
securities. Financing transactions for Treasury inflation-indexed
securities (TIIS) are reported in actual funds paid or received,
except lot pledged securities. TIIS that are issued as pledged
securities are reported at par value, which is the value of the
security at original issuance (unadjusted for inflation).

NOTE. Major changes in the report form filed by primary dealers
included a break in many series as of the week ending July 4, 2001.
Current weekly data may be found at the Federal Reserve Bank of New
York web site (http://www.newyorkfed.org/pihome/statistics)under the
Primary Dealer heading.
1.44 FEDERAL AND FEDERALLY SPONSORED CREDIT AGENCIES Debt Outstanding

Millions of dollars, end of period

               Agency                    1998       1999       2000

 1 Federal and federally
     sponsored agencies                1,296,477  1,616,492  1,851,632

 2 Federal agencies                       26,502     26,376     25,666
 3   Defense Department (1)                    6          6          6
 4     Export-Import Bank (2,3)            n.a.       n.a.       n.a.
 5     Federal Housing
         Administration (4)                  205        126        255
 6   Government National Mortgage
         Association certificates of
         participations                    n.a.       n.a.       n.a.
 7   Postal Service (6)                    n.a.       n.a.       n.a.
 8   Tennessee Valley Authority           26,496     26,370     25,660
 9   United States Railway
       Association (6)                     n.a.       n.a.       n.a.

10 Federally sponsored agencies (7)    1,269,975  1,590,116  1,825,966
11   Federal Home Loan Banks             382,131    529,005    594,404
12   Federal Home Loan
       Mortgage Corporation              287,396    360,711    426,899
13   Federal National
       Mortgage Association              460,291    547,619    642,700
14   Farm Credit Banks (8)                63,488     68,883     74,181
15   Student Loan Marketing
       Association (9)                    35,399     41,988     45,375
16   Financing Corporation (10)            8,170      8,170      8,170
17   Farm Credit Financial
       Assistance Corporation (11)         1,261      1,261      1,261
18   Resolution Funding
       Corporation (12)                   29,996     29,996     29,996

   MEMO

19 Federal Financing Bank debt (13)       44,129     42,152     40,575

   Lending to federal and federally
     sponsored agencies
20 Export-Import Bank (3)                  n.a.       n.a.       n.a.
21 Postal Service (6)                      n.a.       n.a.       n.a.
22 Student Loan Marketing Association      n.a.       n.a.       n.a.
23 Tennessee Valley Authority              n.a.       n.a.       n.a.
24 United States Railway
     Association (6)                       n.a.       n.a.       n.a.

   Other lending (14)
25 Farmers Home Administration             9,500      6,665      5,275
26 Rural Electrification
     Administration                       14,091     14,085     13,126
27 Other                                  20,538     21,402     22,174

                                                           2001
               Agency                      2001
                                                      Nov.       Dec.
 1 Federal and federally
     sponsored agencies                    n.a.       n.a.       n.a.

 2 Federal agencies                          276        275        276
 3   Defense Department (1)                    6          6          6
 4     Export-Import Bank (2,3)            n.a.       n.a.       n.a.
 5     Federal Housing
         Administration (4)               26,828     26,655     26,828
 6   Government National Mortgage
         Association certificates of
         participations                    n.a.       n.a.       n.a.
 7   Postal Service (6)                    n.a.       n.a.       n.a.
 8   Tennessee Valley Authority              270        269        270
 9   United States Railway
       Association (6)                     n.a.       n.a.       n.a.

10 Federally sponsored agencies (7)    2,120,781  2,071,168  2,120,781
11   Federal Home Loan Banks             623,740    617,146    623,740
12   Federal Home Loan
       Mortgage Corporation              565,071    546,566    565,071
13   Federal National
       Mortgage Association              763,500    737,500    763,500
14   Farm Credit Banks (8)                76,673     75,815     76,673
15   Student Loan Marketing
       Association (9)                    48,350     51,494     48,350
16   Financing Corporation (10)            8,170      8,170      8,170
17   Farm Credit Financial
       Assistance Corporation (11)         1,261      1,261      1,261
18   Resolution Funding
       Corporation (12)                   29,996     29,996     29,996

   MEMO

19 Federal Financing Bank debt (13)       39,096     40,485     39,096

   Lending to federal and federally
     sponsored agencies
20 Export-Import Bank (3)                  n.a.       n.a.       n.a.
21 Postal Service (6)                      n.a.       n.a.       n.a.
22 Student Loan Marketing Association      n.a.       n.a.       n.a.
23 Tennessee Valley Authority              n.a.       n.a.       n.a.
24 United States Railway
     Association (6)                       n.a.       n.a.       n.a.

   Other lending (14)
25 Farmers Home Administration             n.a.       n.a.       n.a.
26 Rural Electrification
     Administration                       13,876     13,822     13,876
27 Other                                  25,220     26,663     25,220

                                                     2002
               Agency
                                           Jan.       Feb.       Mar.
 1 Federal and federally
     sponsored agencies                    n.a.       n.a.       n.a.

 2 Federal agencies                          290        169        172
 3   Defense Department (1)                    6          6          6
 4     Export-Import Bank (2,3)            n.a.       n.a.       n.a.
 5     Federal Housing
         Administration (4)               26,741     26,431     26,379
 6   Government National Mortgage
         Association certificates of
         participations                    n.a.       n.a.       n.a.
 7   Postal Service (6)                    n.a.       n.a.       n.a.
 8   Tennessee Valley Authority              284        163        166
 9   United States Railway
       Association (6)                     n.a.       n.a.       n.a.

10 Federally sponsored agencies (7)        n.a.       n.a.       n.a.
11   Federal Home Loan Banks             623,990    619,541    625,849
12   Federal Home Loan
       Mortgage Corporation              571,867    584,476    603,447
13   Federal National
       Mortgage Association              760,500    765,200    769,800
14   Farm Credit Banks (8)                76,494     76,929     79,002
15   Student Loan Marketing
       Association (9)                    49,400     50,500     48,200
16   Financing Corporation (10)            8,170      8,170      8,170
17   Farm Credit Financial
       Assistance Corporation (11)         1,261      1,261      1,261
18   Resolution Funding
       Corporation (12)                   29,996     29,996     29,996

   MEMO

19 Federal Financing Bank debt (13)       38,140     39,144     38,027

   Lending to federal and federally
     sponsored agencies
20 Export-Import Bank (3)                  n.a.       n.a.       n.a.
21 Postal Service (6)                      n.a.       n.a.       n.a.
22 Student Loan Marketing Association      n.a.       n.a.       n.a.
23 Tennessee Valley Authority              n.a.       n.a.       n.a.
24 United States Railway
     Association (6)                       n.a.       n.a.       n.a.

   Other lending (14)
25 Farmers Home Administration             n.a.       n.a.       n.a.
26 Rural Electrification
     Administration                       13,982     14,015     14,055
27 Other                                  24,158     25,129     23,972

(1.) Consists of mortgages assumed by the Defense Department between
1957 and 1963 under family housing and homeowners assistance programs.

(2.) Includes participation certificates reclassified as debt
beginning Oct. 1, 1976.

(3.) On-budget since Sept. 30, 1976.

(4.) Consists of debentures issued in payment of Federal Housing
Administration insurance claims, Once issued, these securities
may be sold privately on the securities market.

(5.) Certificates of participation issued before fiscal year 1969
by the Government National Mortgage Association acting as trustee
for the Farmers Home Administration; the Department of Health,
Education, and Welfare; the Department of Housing and Urban
Development; the Small Business Administration; and the Veterans
Administration.

(6.) Off-budget.

(7.) Includes outstanding noncontingent liabilities: notes, bonds,
and debentures. Includes Federal Agriculture Mortgage Corporation;
therefore, details do not sum to total. Some data are estimated.

(8.) Excludes borrowing by the Farm Credit Financial Assistance
Corporation, which is shown on line 17.

(9.) Before late 1982, the association obtained financing through
the Federal Financing Bank (FFB). Borrowing excludes that obtained
from the FFB, which is shown on line 22.

(10.) The Financing Corporation, established in August 1987 to
recapitalize the Federal Savings and Loan Insurance Corporation,
undertook its first borrowing in October 1987.

(11.) The Farm Credit Financial Assistance Corporation, established
in January 1988 to provide assistance to the Farm Credit System,
undertook its first borrowing in July 1988.

(12.) The Resolution Funding Corporation, established by the
Financial Institutions Reform, Recovery, and Enforcement Act
of 1989, undertook its first borrowing in October 1989.

(13.) The FFB. which began operations in 1974, is authorized
to purchase or sell obligations issued, sold, or guaranteed
by other federal agencies. Because FFB incurs debt solely for
the purpose of lending to other agencies, its debt is not
included in the main portion of the table to avoid double
counting.

(14.) Includes FFB purchases of agency assets and guaranteed loans;
the latter are loans guaranteed by numerous agencies, with the
amounts guaranteed by any one agency generally being small. The
Farmers Home Administration entry consists exclusively of agency
assets, whereas the Rural Electrification Administration entry
consists of both agency assets and guaranteed loans.
1.45 NEW SECURITY ISSUES Tax-Exempt State and Local Governments

Millions of dollars

      Type of issue or issuer,
               or use                   1999      2000      2001

 1 All issues, new and refunding (1)   215,427   180,403   270,566

   By type of issue
 2 General obligation                   73,308    64,475   100,519
 3 Revenue                             142,120   115,928   170,047

   By type of issuer
 4 State                                16,376    19,944    30,099
 5 Special district or statutory       152,418   111,695   281,427
     authority (2)
 6 Municipality, county, or township    46,634    39,273    61,040

 7 Issues for new capital              161,065   154,257   192,161

   By use of proceeds
 8 Education                            36,563    38,665    50,054
 9 Transportation                       17,394    19,730    21,411
10 Utilities and conservation           15,098    11,917    21,917
11 Social welfare                        n.a.      n.a.      n.a.
12 Industrial aid                        9,099     7,122     6,607
13 Other purposes                       47,896    47,309    55,733

                                                  2001

      Type of issue or issuer,
               or use                    Oct.      Nov.      Dec.

 1 All issues, new and refunding (1)    30,446    30,105    28,363

   By type of issue
 2 General obligation                   14,302    10,163     9,218
 3 Revenue                              16,144    19,942    19,146

   By type of issuer
 4 State                                 6,008     2,271       746
 5 Special district or statutory        17,382    21,601    22,525
     authority (2)
 6 Municipality, county, or township     7,056     6,233     5,093

 7 Issues for new capital               21,249    21,009    21,389

   By use of proceeds
 8 Education                             4,279     4,475     4,818
 9 Transportation                        1,587     2,882     1,349
10 Utilities and conservation            2,324     2,429     2,560
11 Social welfare                        n.a.      n.a.      n.a.
12 Industrial aid                          688       359     1,642
13 Other purposes                        9,158     5,281     6,319

                                                  2002

      Type of issue or issuer,
               or use                    Jan.      Feb.      Mar.

 1 All issues, new and refunding (1)    20,523    20,175    23,842

   By type of issue
 2 General obligation                    8,157     8,652    10,269
 3 Revenue                              12,366    11,523    13,574

   By type of issuer
 4 State                                 1,826     3,238     3,265
 5 Special district or statutory        14,369    11,950    15,479
     authority (2)
 6 Municipality, county, or township     4,329     4,987     5,098

 7 Issues for new capital               14,631    13,248    16,856

   By use of proceeds
 8 Education                             4,138     3,961     5,484
 9 Transportation                        1,079       613     1,633
10 Utilities and conservation            1,711     1,606     1,290
11 Social welfare                        n.a.      n.a.      n.a.
12 Industrial aid                          539       125       515
13 Other purposes                        4,639     4,897     4,894

                                             2002

      Type of issue or issuer,
               or use                    Apr.      May

 1 All issues, new and refunding (1)    23,261    32,858

   By type of issue
 2 General obligation                    8,559    10,446
 3 Revenue                              14,702    22,413

   By type of issuer
 4 State                                 3,057     1,531
 5 Special district or statutory        15,520    23,866
     authority (2)
 6 Municipality, county, or township     4,683     7,461

 7 Issues for new capital               17,115    20,663

   By use of proceeds
 8 Education                             5,279     6,027
 9 Transportation                          773     1,795
10 Utilities and conservation            2,091     1,785
11 Social welfare                        n.a.      n.a.
12 Industrial aid                          344       614
13 Other purposes                        6,784     6,962

(1). Par amounts of long-term issues based on date of sale.

(2.) Includes school districts.

SOURCE. Securities Data Company beginning January 1990; Investment
Dealer's Digest before then.
1.46 NEW SECURITY ISSUES U.S. Corporations

Millions of dollars

   Type of issue, offering,
           or issuer               1999      2000      2001

 1 All issues (1)                1,072,866  942,198  1,382,003

 2 Bonds (2)                       941,298  807,281  1,253,449

   By type of offering
 3 Sold in the United States       818,683  684,484  1,197,060
 4 Sold abroad                     122,615  122,798     56,389

   MEMO
 5 Private placements, domestic     24,703   18,370      8,734

   By industry group
 6 Nonfinancial                    293,963  242,207    445,930
 7 Financial                       647,335  565,074    807,519

 8 Stocks (3)                      244,308  320,357    228,554

   By type of offering
 9 Public                          131,568  134,917    128,554
10 Private placement (4)           112,740  185,440    100,000

   By industry group
11 Nonfinancial                    110,284  118,369     77,577
12 Financial                        21,284   16,548     50,977

                                                  2001

   Type of issue, offering,
           or issuer                 Sept.    Oct.       Nov.     Dec.

 1 All issues (1)                   89,855  139,181    123,517   96,576

 2 Bonds (2)                        84,509  123,346    110,888   81,339

   By type of offering
 3 Sold in the United States        80,223  120,162    106,563   79,636
 4 Sold abroad                       4,286    3,185      4,326    1,703

   MEMO
 5 Private placements, domestic          0      224      4,936    2,880

   By industry group
 6 Nonfinancial                     31,920   43,830     42,189   21,647
 7 Financial                        52,589   79,517     68,699   59,692

 8 Stocks (3)                       13,679   24,168     20,962   23,570

   By type of offering
 9 Public                            5,346   15,835     12,629   15,237
10 Private placement (4)             8,333    8,333      8,333    8,333

   By industry group
11 Nonfinancial                        8l     7,611      7,592    7,771
12 Financial                         5,265    8,224      5,037    7,466

                                                  2002

   Type of issue, offering,
           or issuer                 Jan.     Feb.       Mar.    Apr.

 1 All issues (1)                  102,688   86,090    158,904  103,575

 2 Bonds (2)                        88,241   79,515    145,984   93,039

   By type of offering
 3 Sold in the United States        79,472   73,474    128,026   88,051
 4 Sold abroad                       8,770    6,041     17,958    4,989

   MEMO
 5 Private placements, domestic          0        0          0        0

   By industry group
 6 Nonfinancial                     18,894   30,770     43,231   34,803
 7 Financial                        69,348   48,746    102,753   58,237

 8 Stocks (3)                       14,447    6,575     12,920   10,536

   By type of offering
 9 Public                           14,447    6,575     12,920   10,536
10 Private placement (4)             n.a.     n.a.       n.a.     n.a.

   By industry group
11 Nonfinancial                      9,579    4,024      4,893    7,834
12 Financial                         4,868    2,551      8,027    2,702

(1.) Figures represent gross proceeds of issues maturing in more than
one year; they are the principal amount or number of units calculated
by multiplying by the offering price. Figures exclude secondary
offerings, employee stock plans, investment companies other than
closed-end, intracorporate transactions, and Yankee bonds. Stock data
include ownership securities issued by limited partnerships.

(2.) Monthly data include 144(a) offerings.

(3.) Monthly data cover only public offerings.

(4.) Data are not available.

SOURCE. Securities Data Company and the Board of Governors of the
Federal Reserve System.
1.47 OPEN-END INVESTMENT COMPANIES Net Sales and Assets (1)

Millions of dollars

           Item                 2000        2001

1 Sales of own shares (2)     2,279,315   1,806,474

2 Redemptions of own shares   2,057,277   1,677,266
3 Net sales (3)                 222,038     129,208

4 Assets (4)                  5,123,747   4,689,624

5 Cash (5)                      277,386     219,620
6 Other                       4,846,361   4,470,004

                                             2001

           Item                  Oct.        Nov.        Dec.

1 Sales of own shares (2)       153,827     147,192     151,779

2 Redemptions of own shares     137,837     124,060     149,705
3 Net sales (3)                  15,990      23,132       2,074

4 Assets (4)                  4,376,923   4,625,601   4,689,624

5 Cash (5)                      229,576     239,671     219,620
6 Other                       4,147,347   4,385,930   4,470,004

                                             2002

           Item                  Jan.        Feb.        Mar.

1 Sales of own shares (2)       171,499     141,463     170,326

2 Redemptions of own shares     138,773     123,013     130,661
3 Net sales (3)                  32,726      18,450      39,665

4 Assets (4)                  4,667,688   4,623,041   4,814,961

5 Cash (5)                      240,141     234,510     241,078
6 Other                       4,427,547   4,388,531   4,573,883

                                       2001

           Item                Apr. (r)       May

1 Sales of own shares (2)       164,504     154,866

2 Redemptions of own shares     140,524     137,990
3 Net sales (3)                  23,980      16,876

4 Assets (4)                  4,704,886   4,695,633

5 Cash (5)                      249,078     243,942
6 Other                       4,455,808   4,451,691

(1.) Data include stock, hybrid, and bond mutual funds and exclude
money market mutual funds.

(2.) Excludes reinvestment of net income dividends and capital gains
distributions and share issue of conversions from one fund to another
in the same group.

(3.) Excludes sales and redemptions resulting from transfers of shares
into or out of money market mutual funds within the same fund family.

(4.) Market value at end of period, less current liabilities.

(5.) Includes all U.S. Treasury securities and other short-term debt
securities.

SOURCE. Investment Company Institute. Data based on reports of
membership, which comprises substantially all open-end investment
companies registered with the Securities and Exchange Commission.
Data reflect underwritings of newly formed companies after their
initial offering of securities.
1.51 DOMESTIC FINANCE COMPANIES Assets and Liabilities (1)

Billions of dollars, end of period; not seasonally adjusted

                 Account                      1999     2000     2001

                  ASSETS

 1 Accounts receivable, gross (2)             845.4    958.6    970.7
 2 Consumer                                   304.4    327.9    340.0
 3 Business                                   395.1    458.4    447.0
 4 Real estate                                145.8    172.3    183.7

 5 LESS:  Reserves for unearned income         61.4     69.7     60.4
 6        Reserves for losses                  14.7     16.7     20.9

 7 Accounts receivable, net                   769.3    872.2    889.4
 8 All other                                  406.6    461.5    501.2

 9 Total assets                             1,175.9  1,333.7  1,390.6

         LIABILITIES AND CAPITAL

10 Bank loans                                  35.4     35.9     50.8
11 Commercial paper                           230.4    238.8    158.6

   Debt
12 Owed to parent                              87.8    102.5     99.3
13 Not elsewhere classified                   429.9    502.2    567.6
14 All other liabilities                      237.8    301.8    325.7
15 Capital, surplus, and undivided profits    154.5    152.5    188.7

16 Total liabilities and capital            1,175.9  1,333.7  1,390.6

                                                   2000         2001

                 Account                       Q3       Q4       Q1

                  ASSETS

 1 Accounts receivable, gross (2)             939.9    958.6    954.4
 2 Consumer                                   331.5    327.9    319.2
 3 Business                                   443.0    458.4    459.1
 4 Real estate                                165.4    172.3    176.1

 5 LESS:  Reserves for unearned income         68.3     69.7     69.9
 6        Reserves for losses                  15.6     16.7     17.2

 7 Accounts receivable, net                   856.1    872.2    867.3
 8 All other                                  442.3    461.5    474.8

 9 Total assets                             1,298.4  1,333.7  1,342.1

         LIABILITIES AND CAPITAL

10 Bank loans                                  35.7     35.9     41.6
11 Commercial paper                           218.8    238.8    180.9

   Debt
12 Owed to parent                             100.0    102.5     97.2
13 Not elsewhere classified                   507.3    502.2    533.8
14 All other liabilities                      288.1    301.8    325.1
15 Capital, surplus, and undivided profits    148.5    152.5    163.5

16 Total liabilities and capital            1,298.4  1,333.7  1,342.1

                                                       2001

                 Account                       Q2       Q3       Q4

                  ASSETS

 1 Accounts receivable, gross (2)             988.7    967.7    970.7
 2 Consumer                                   324.5    329.2    340.0
 3 Business                                   481.9    451.1    447.0
 4 Real estate                                182.3    187.4    183.7

 5 LESS:  Reserves for unearned income         61.5     60.8     60.4
 6        Reserves for losses                  17.4     18.0     20.9

 7 Accounts receivable, net                   909.7    888.9    889.4
 8 All other                                  459.0    478.8    501.2

 9 Total assets                             1,368.7  1,367.7  1,390.6

         LIABILITIES AND CAPITAL

10 Bank loans                                  45.3     44.5     50.8
11 Commercial paper                           181.6    171.0    158.6

   Debt
12 Owed to parent                              93.4     91.7     99.3
13 Not elsewhere classified                   542.1    555.8    567.6
14 All other liabilities                      336.3    327.6    325.7
15 Capital, surplus, and undivided profits    170.0    177.2    188.7

16 Total liabilities and capital            1,368.7  1,367.7  1,390.6

                                              2002

                 Account                     Q1 (r)

                  ASSETS

 1 Accounts receivable, gross (2)             926.5
 2 Consumer                                   329.8
 3 Business                                   443.0
 4 Real estate                                153.8

 5 LESS:  Reserves for unearned income         59.1
 6        Reserves for losses                  21.3

 7 Accounts receivable, net                   846.1
 8 All other                                  520.5

 9 Total assets                             1,366.6

         LIABILITIES AND CAPITAL

10 Bank loans                                  49.4
11 Commercial paper                           137.0

   Debt
12 Owed to parent                              82.6
13 Not elsewhere classified                   572.8
14 All other liabilities                      327.9
15 Capital, surplus, and undivided profits    197.0

16 Total liabilities and capital            1,366.6

(1.) Includes finance company subsidiaries of bank holding companies
but not of retailers and banks. Data are amounts carried on the balance
sheets of finance companies; securitized pools are not shown, as they
are not on the books.

(2.) Before deduction for unearned income and losses. Excludes pools of
securitized assets.
1.52 DOMESTIC FINANCE COMPANIES Owned and Managed Receivables (1)

Billions of dollars, amounts outstanding

         Type of credit               1999          2000         2001

                                             Seasonally adjusted

 1 Total                             1,031.2      1,186.9       1,252.3

 2   Consumer                          410.2        465.2         514.6
 3   Real estate                       174.0        198.9         211.6
 4   Business                          446.9        522.8         526.2

                                           Not seasonally adjusted

 5 Total                             1,036.4      1,192.1       1,257.6

 6   Consumer                          412.7        468.3         518.1
 7     Motor vehicle loans             129.2        141.6         173.9
 8     Motor vehicle leases            102.9        108.2         103.5
 9     Revolving (2)                    32.5         37.6          31.5
10     Other (3)                        39.8         40.7          31.1
       Securitized assets (4)
11       Motor vehicle loans            73.1         97.1         131.9
12       Motor vehicle leases            9.7          6.6           6.8
13       Revolving                       6.7         19.6          25.0
14       Other                          18.8         17.1          14.3
15   Real estate                       174.0        198.9         211.6
16     One- to four-family             108.2        130.6         142.5
17     Other                            37.6         41.7          41.2
       Securitized real estate
          assets (4)
18       One- to four-family            28.0         24.7          22.2
19       Other                            .2          1.9           5.7
20   Business                          449.6        525.0         527.9
21     Motor vehicles                   69.4         75.5          54.0
22       Retail loans                   21.1         18.3          16.1
23       Wholesale loans (5)            34.8         39.7          20.3
24       Leases                         13.6         17.6          17.6
25     Equipment                       238.7        283.5         289.4
26       Loans                          64.5         70.2          77.8
27       Leases                        174.2        213.3         211.6
28     Other business
          receivables (6)               87.0         99.4         103.5
       Securitized assets (4)
29       Motor vehicles                 31.5         37.8          50.1
30         Retail loans                  2.9          3.2           5.1
31         Wholesale loans              26.4         32.5          42.5
32         Leases                        2.1          2.2           2.5
33       Equipment                      14.6         23.1          23.2
34         Loans                         7.9         15.5          16.4
35         Leases                        6.7          7.6           6.8
36       Other business
            receivables (6)              8.4          5.6           7.7

                                            2001                2002

         Type of credit              Nov.          Dec.         Jan.

                                             Seasonally adjusted

 1 Total                         1,265.3 (r)      1,252.3   1,236.4 (r)

 2   Consumer                          511.0        514.6         512.1
 3   Real estate                       215.0        211.6     202.3 (r)
 4   Business                      539.3 (r)        526.2         522.0

                                           Not seasonally adjusted

 5 Total                         1,259,5 (r)      1,257.6   1,240.4 (r)

 6   Consumer                          514.2        518.1         512.8
 7     Motor vehicle loans             177.2        173.9         168.9
 8     Motor vehicle leases            105.5        103.5         102.4
 9     Revolving (2)                    30.2         31.5          29.8
10     Other (3)                        31.4         31.1          31.4
       Securitized assets (4)
11       Motor vehicle loans           125.0        131.9         135.1
12       Motor vehicle leases            7.0          6.8           6.7
13       Revolving                      23.4         25.0          24.6
14       Other                          14.5         14.3          13.8
15   Real estate                       215.0        211.6     202.3 (r)
16     One- to four-family             142.9        142.5         118.3
17     Other                            44.9         41.2      39.4 (r)
       Securitized real estate
          assets (4)
18       One- to four-family            22.4         22.2          40.3
19       Other                           4.8          5.7           4.3
20   Business                      530.3 (r)        527.9         525.2
21     Motor vehicles                   52.9         54.0          51.9
22       Retail loans                   16.2         16.1          16.3
23       Wholesale loans (5)            19.5         20.3          18.0
24       Leases                         17.2         17.6          17.6
25     Equipment                       291.8        289.4         287.3
26       Loans                          76.7         77.8          78.0
27       Leases                        215.1        211.6         209.3
28     Other business
          receivables (6)              110.8        103.5         103.7
       Securitized assets (4)
29       Motor vehicles             45.2 (r)         50.1          48.4
30         Retail loans              4.4 (r)          5.1           4.0
31         Wholesale loans              38.3         42.5          41.9
32         Leases                    2.6 (r)          2.5           2.6
33       Equipment                      23.4         23.2          22.3
34         Loans                        15.5         16.4          15.5
35         Leases                        7.9          6.8           6.8
36       Other business
            receivables (6)              6.2          7.7          11.6

                                                  2002

         Type of credit             Feb.          Mar.            Apr.

                                             Seasonally adjusted

 1 Total                         1,243.1 (r)  1,236.2 (r)       1,231.0

 2   Consumer                          519.3    518.5 (r)         518.9
 3   Real estate                   199.7 (r)        195.0         192.4
 4   Business                          524.1        522.7         519.7

                                           Not seasonally adjusted

 5 Total                         1,244.3 (r)  1,240.9 (r)       1,236.5

 6   Consumer                          517.6    514.1 (r)         514.9
 7     Motor vehicle loans             172.5    171.9 (r)         168.7
 8     Motor vehicle leases            101.2         97.5          96.8
 9     Revolving (2)                    28.8         27.9          29.0
10     Other (3)                        31.8         32.4          32.5
       Securitized assets (4)
11       Motor vehicle loans           136.8    137.7 (r)         142.2
12       Motor vehicle leases            6.6          6.5           6.4
13       Revolving                      26.0     26.5 (r)          26.2
14       Other                          13.9         13.6          13.2
15   Real estate                   199.7 (r)        195.0         192.4
16     One- to four-family         118.7 (r)        117.0         113.6
17     Other                        38.1 (r)         36.8          36.5
       Securitized real estate
          assets (4)
18       One- to four-family            40.1         39.8          40.9
19       Other                           2.8          1.4           1.4
20   Business                          527.0        531.9         529.1
21     Motor vehicles                   54.3         58.0          56.9
22       Retail loans                   16.7         17.1          16.1
23       Wholesale loans (5)            20.1         22.8          23.0
24       Leases                         17.5         18.0          17.8
25     Equipment                       285.5        284.2         283.0
26       Loans                          78.7         81.5          82.2
27       Leases                        206.7        202.7         200.7
28     Other business
          receivables (6)              100.8        100.8         104.3
       Securitized assets (4)
29       Motor vehicles                 45.4         44.0          44.5
30         Retail loans                  3.1          2.3           2.6
31         Wholesale loans              39.6         39.0          39.1
32         Leases                        2.7          2.7           2.7
33       Equipment                      25.5         25.4          20.8
34         Loans                        18.6         18.5          14.2
35         Leases                        6.8          6.9           6.7
36       Other business
            receivables (6)             15.6         19.5          19.6

NOTE. This table has been revised to incorporate several changes
resulting from the benchmarking of finance company receivables to the
June 1996 Survey of Finance Companies. In that benchmark survey, and
in the monthly surveys that have followed, more detailed breakdowns
have been obtained for some components. In addition, previously
unavailable data on securitized real estate loans are now included in
this ttable. The new information ha resulted in some reclassification
of receivables among the three major categories (consumer, real estate,
and business) and in discontinuities in some component series between
May and June 1996.

Includes finance company subsidiaries of bank holding companies but not
of retailers and banks. Data in this table also appear in the Board's
G.20 (422) monthly statistical release. For ordering address, see inside
front cover.

(1.) Owned receivables are those carried on the balance sheet of the
institution. Managed receivables are outstanding balances of pools upon
which securities have been issued; these balances are no longer carried
on the balance sheets of the loan originator. Data are shown before
deductions for unearned income and losses. Components because of
rounding.

(2.) Excludes revolving credit reported as held by depository
institutions that are subsidiaries of finance companies.

(3.) Includes personal cash loans, mobile home loans, and loans to
purchase other types of consumer goods, such as appliances, apparel,
boats, and recreation vehicles.

(4.) Outstanding balances of pools upon which securities have been
issued; these balances are no longer carried on the balance sheets
of the loan originator.

(5.) Credit arising from transactions between manufacturers and
dealers, that is, floor plan financing.

(6.) Includes loans on commercial accounts receivable, factored
commercial accounts, and receivable dealer capital; small loans
used primarily for business or farm purposes; and wholesale and
lease paper for mobile homes, campers, and travel trailers.
1.53 MORTGAGE MARKETS Mortgages on New Homes

Millions of dollars except as noted

                       Item                           1999      2000

                                                     Terms and yields
                                                      in primary and
                                                     secondary markets

                 PRIMARY MARKETS

   Terms (1)
 1 Purchase price (thousands of dollars)               210.7     234.5
 2 Amount of loan (thousands of dollars)               161.7     177.0
 3 Loan-to-price ratio (percent)                        78.7      77.4
 4 Maturity (years)                                     28.8      29.2
 5 Fees and charges (percent of loan amount) (2)         .77       .70

   Yield (percent per year)
 6 Contract rate (1)                                    6.94      7.41
 7 Effective rate (1,3)                                 7.06      7.52
 8 Contract rate (HUD series) (4)                       7.45    n.a.

                SECONDARY MARKETS

   Yield (percent per year)
 9 FHA mortgages (section 203) (5)                      7.74    n.a.
10 GNMA securities (6)                                  7.03      7.57

                                                        Activity in
                                                     secondary markets

      FEDERAL NATIONAL MORTGAGE ASSOCIATION

   Mortgage holdings (end of period)
11 Total                                             523,941   610,122
12   FHA/VA insured                                   55,318    61,539
13   Conventional                                    468,623   548,583

14 Mortgage transactions purchased (during period)   195,210   154,231

   Mortgage commitments (during period)
15 Issued (7)                                        187,948   163,689
16 To sell (8)                                         5,900    11,786

      FEDERAL HOME LOAN MORTGAGE CORPORATION

   Mortgage holdings (end of period) (8)
17 Total                                             324,443   385,693
18   FHA/VA insured                                    1,836     3,332
19   Conventional                                    322,607   382,361

   Mortgage transactions (during period)
20 Purchases                                         239,793   174,043
21 Sales                                             233,031   166,901

22 Mortgage commitments contracted (during
     period) (9)                                     228,432   169,231

                                                                 2001

                       Item                           2001       Nov.

                                                     Terms and yields
                                                      in primary and
                                                     secondary markets

                 PRIMARY MARKETS

   Terms (1)
 1 Purchase price (thousands of dollars)               245.0     252.2
 2 Amount of loan (thousands of dollars)               184.2     189.1
 3 Loan-to-price ratio (percent)                        77.3      77.2
 4 Maturity (years)                                     28.8      28.6
 5 Fees and charges (percent of loan amount) (2)         .67       .63

   Yield (percent per year)
 6 Contract rate (1)                                    6.90      6.54
 7 Effective rate (1,3)                                 7.00      6.63
 8 Contract rate (HUD series) (4)                     n.a.      n.a.

                SECONDARY MARKETS

   Yield (percent per year)
 9 FHA mortgages (section 203) (5)                    n.a.      n.a.
10 GNMA securities (6)                                  6.36      5.96

                                                        Activity in
                                                     secondary markets

      FEDERAL NATIONAL MORTGAGE ASSOCIATION

   Mortgage holdings (end of period)
11 Total                                              n.a.      n.a.
12   FHA/VA insured                                   n.a.      n.a.
13   Conventional                                     n.a.      n.a.

14 Mortgage transactions purchased (during period)   270,384    25,389

   Mortgage commitments (during period)
15 Issued (7)                                        304,084    49,909
16 To sell (8)                                         7,586       807

      FEDERAL HOME LOAN MORTGAGE CORPORATION

   Mortgage holdings (end of period) (8)
17 Total                                             491,719   483,911
18   FHA/VA insured                                    3,506     3,562
19   Conventional                                    488,213   480,349

   Mortgage transactions (during period)
20 Purchases                                          n.a.      n.a.
21 Sales                                             389,611    38,958

22 Mortgage commitments contracted (during
     period) (9)                                     417,434    42,619

                                                      2001      2002

                       Item                           Dec.      Jan.

                                                     Terms and yields
                                                      in primary and
                                                     secondary markets

                 PRIMARY MARKETS

   Terms (1)
 1 Purchase price (thousands of dollars)               253.0     245.8
 2 Amount of loan (thousands of dollars)               190.0     186.7
 3 Loan-to-price ratio (percent)                        77.2      78.1
 4 Maturity (years)                                     28.9      28.8
 5 Fees and charges (percent of loan amount) (2)         .69       .66

   Yield (percent per year)
 6 Contract rate (1)                                    6.68      6.77
 7 Effective rate (1,3)                                 6.79      6.87
 8 Contract rate (HUD series) (4)                     n.a.      n.a.

                SECONDARY MARKETS

   Yield (percent per year)
 9 FHA mortgages (section 203) (5)                    n.a.      n.a.
10 GNMA securities (6)                                  6.43      6.32

                                                        Activity in
                                                     secondary markets

      FEDERAL NATIONAL MORTGAGE ASSOCIATION

   Mortgage holdings (end of period)
11 Total                                              n.a.      n.a.
12   FHA/VA insured                                   n.a.      n.a.
13   Conventional                                     n.a.      n.a.

14 Mortgage transactions purchased (during period)    36,769    36,392

   Mortgage commitments (during period)
15 Issued (7)                                         19,867    21,544
16 To sell (8)                                         2,083       255

      FEDERAL HOME LOAN MORTGAGE CORPORATION

   Mortgage holdings (end of period) (8)
17 Total                                             491,719   508,238
18   FHA/VA insured                                    3,506     3,447
19   Conventional                                    488,213   504,791

   Mortgage transactions (during period)
20 Purchases                                          n.a.      n.a.
21 Sales                                              50,532    49,031

22 Mortgage commitments contracted (during
     period) (9)                                      51,456    47,076

                                                           2002

                       Item                            Feb.      Mar.

                                                     Terms and yields
                                                      in primary and
                                                     secondary markets

                 PRIMARY MARKETS

   Terms (1)
 1 Purchase price (thousands of dollars)               250.6     255.6
 2 Amount of loan (thousands of dollars)               190.1     193.3
 3 Loan-to-price ratio (percent)                        78.2      78.2
 4 Maturity (years)                                     28.8      29.1
 5 Fees and charges (percent of loan amount) (2)         .62       .62

   Yield (percent per year)
 6 Contract rate (1)                                    6.72      6.66
 7 Effective rate (1,3)                                 6.82      6.76
 8 Contract rate (HUD series) (4)                     n.a.      n.a.

                SECONDARY MARKETS

   Yield (percent per year)
 9 FHA mortgages (section 203) (5)                    n.a.      n.a.
10 GNMA securities (6)                                  6.13      6.50

                                                        Activity in
                                                     secondary markets

      FEDERAL NATIONAL MORTGAGE ASSOCIATION

   Mortgage holdings (end of period)
11 Total                                              n.a.      n.a.
12   FHA/VA insured                                   n.a.      n.a.
13   Conventional                                     n.a.      n.a.

14 Mortgage transactions purchased (during period)    33,249    21,305

   Mortgage commitments (during period)
15 Issued (7)                                         19,321    13,340
16 To sell (8)                                         1,419     1,748

      FEDERAL HOME LOAN MORTGAGE CORPORATION

   Mortgage holdings (end of period) (8)
17 Total                                             522,886   526,107
18   FHA/VA insured                                    3,387     3,332
19   Conventional                                    519,499   522,775

   Mortgage transactions (during period)
20 Purchases                                          n.a.      n.a.
21 Sales                                              47,473    42,545

22 Mortgage commitments contracted (during
     period) (9)                                      41,442    41,561

                                                           2002

                       Item                            Apr.      May

                                                     Terms and yields
                                                      in primary and
                                                     secondary markets

                 PRIMARY MARKETS

   Terms (1)
 1 Purchase price (thousands of dollars)               262.9     265.0
 2 Amount of loan (thousands of dollars)               198.9     199.1
 3 Loan-to-price ratio (percent)                        77.7      77.2
 4 Maturity (years)                                     28.8      29.0
 5 Fees and charges (percent of loan amount) (2)         .64       .59

   Yield (percent per year)
 6 Contract rate (1)                                    6.65      6.51
 7 Effective rate (1,3)                                 6.74      6.59
 8 Contract rate (HUD series) (4)                     n.a.      n.a.

                SECONDARY MARKETS

   Yield (percent per year)
 9 FHA mortgages (section 203) (5)                    n.a.      n.a.
10 GNMA securities (6)                                  6.33      6.21

                                                        Activity in
                                                     secondary markets

      FEDERAL NATIONAL MORTGAGE ASSOCIATION

   Mortgage holdings (end of period)
11 Total                                              n.a.      n.a.
12   FHA/VA insured                                   n.a.      n.a.
13   Conventional                                     n.a.      n.a.

14 Mortgage transactions purchased (during period)    23,175    17,432

   Mortgage commitments (during period)
15 Issued (7)                                         n.a.      n.a.
16 To sell (8)                                        n.a.      n.a.

      FEDERAL HOME LOAN MORTGAGE CORPORATION

   Mortgage holdings (end of period) (8)
17 Total                                             521,611   515,732
18   FHA/VA insured                                    3,267     3,248
19   Conventional                                    518,344   512,484

   Mortgage transactions (during period)
20 Purchases                                          n.a.      n.a.
21 Sales                                              40,704    29,831

22 Mortgage commitments contracted (during
     period) (9)                                      36,368    n.a.

(1.) Weighted averages based on sample surveys of mortgages originated
by major institutional lender groups for purchase of newly built homes;
compiled by the Federal Housing Finance Board in cooperation with the
Federal Deposit Insurance Corporation.

(2.) Includes all fees, commissions, discounts, and "points" paid (by
the borrower or the seller) to obtain a loan.

(3.) Average effective interest rate on loans closed for purchase of
newly built homes, assuming prepayment at the end of ten years.

(4.) Average contract rate on new commitments for conventional first
mortgages; from U.S. Department of Housing and Urban Development (HUD).
Based on transactions on the first day of the subsequent month.

(5.) Average gross yield on thirty-year, minimum-downpayment first
mortgages insured by the Federal Housing Administration (FHA) for
immediate delivery in the private secondary market. Based on
transactions on first day of subsequent month.

(6.) Average net yields to investors on fully modified pass-through
securities backed by mortgages and guaranteed by the Government
National Mortgage Association (GNMA), assuming prepayment in twelve
years on pools of thirty-year mortgages insured by the Federal Housing
Administration or guaranteed by the Department of Veterans Affairs.

(7.) Does not include standby commitments issued, but includes
standby commitments converted.

(8.) Includes participation loans as well as whole loans.

(9.) Includes conventional and government-underwritten loans. The
Federal Home Loan Mortgage Corporation's mortgage commitments and
mortgage transactions include activity under mortgage securities
swap programs, whereas the corresponding data for the Federal National
Mortgage Association exclude swap activity.
1.54 MORTGAGE DEBT OUTSTANDING (1)

Millions of dollars, end of period

        Type of holder and property              1998          1999

 1 All holders                               5,718,488 (r)   6,325,012

   By type of property
 2 One- to four-family residences            4,367,367 (r)   4,792,280
 3 Multifamily residences                          332,605     371,242
 4 Nonfarm, nonresidential                         922,009   1,058,528
 5 Farm                                             96,506     102,962

   By type of holder
 6 Major financial institutions                  2,195,869   2,396,265
 7   Commercial banks (2)                        1,338,273   1,496,844
 8     One- to four-family                         798,009     880,208
 9     Multifamily                                  54,174      67,666
10     Nonfarm, nonresidential                     457,054     517,130
11     Farm                                         29,035      31,839
12   Savings institutions (3)                      643,957     668,634
13     One- to four-family                         533,895     549,046
14     Multifamily                                  56,847      59,168
15     Nonfarm, nonresidential                      52,798      59,945
16     Farm                                            417         475
17   Life insurance companies                      213,640     230,787
18     One- to four-family                           6,590       5,934
19     Multifamily                                  31,522      32,818
20     Nonfarm, nonresidential                     164,004     179,048
21     Farm                                         11,524      12,987

22 Federal and related agencies                293,613 (r)     322,132
23   Government National Mortgage
        Association                                      7           7
24     One- to four-family                               7           7
25     Multifamily                                       0           0
26   Farmers Home Administration (4)                40,851      73,871
27     One- to four-family                          16,895      16,506
28     Multifamily                                  11,739      11,741
29     Nonfarm, nonresidential                       7,705      41,355
30     Farm                                          4,513       4,268
31   Federal Housing Admin. and Dept. of
        Veterans Affairs                             3,674       3,712
32     One- to four-family                           1,849       1,851
33     Multifamily                                   1,825       1,861
34   Resolution Trust Corporation                        0           0
35     One- to four-family                               0           0
36     Multifamily                                       0           0
37     Nonfarm, nonresidential                           0           0
38     Farm                                              0           0
39   Federal Deposit Insurance Corporation             361         152
40     One- to four-family                              58          25
41     Multifamily                                      70          29
42     Nonfarm, nonresidential                         233          98
43     Farm                                              0           0
44   Federal National Mortgage Association         157,675     151,500
45     One- to four-family                         147,594     141,195
46     Multifamily                                  10,081      10,305
47   Federal Land Banks                             32,983      34,187
48     One- to four-family                           1,941       2,012
49     Farm                                     31,042 (r)  32,175 (r)
50   Federal Home Loan Mortgage Corporation         57,085      56,676
51     One- to four-family                          49,106      44,321
52     Multifamily                                   7,979      12,355

53 Mortgage pools or trusts (5)                  2,581,297   2,948,245
54   Government National Mortgage
        Association                                537,446     582,263
55     One- to four-family                         522,498     565,189
56     Multifamily                                  14,948      17,074
57   Federal Home Loan Mortgage Corporation        646,459     749,081
58     One- to four-family                         643,465     744,619
59     Multifamily                                   2,994       4,462
60   Federal National Mortgage Association         834,517     960,883
61     One- to four-family                         804,204     924,941
62     Multifamily                                  30,313      35,942
63   Farmers Home Administration (4)                     1           0
64     One- to four-family                               0           0
65     Multifamily                                       0           0
66     Nonfarm, nonresidential                           0           0
67     Farm                                              1           0
68   Private mortgage conduits                     562,874     656,018
69     One- to four-family (6)                     405,153     455,021
70     Multifamily                                  33,784      42,293
71     Nonfarm, nonresidential                     123,937     158,704
72     Farm                                              0           0

73 Individuals and others (7)                      647,709     658,371
74   One- to four-family                           435,138     459,609
75   Multifamily                                    76,320      75,297
76   Nonfarm, nonresidential                       116,277     102,248
77   Farm                                           19,974      21,217

                                                               2001

        Type of holder and property                2000         Q1

 1 All holders                                   6,887,458   7,011,255

   By type of property
 2 One- to four-family residences                5,205,588   5,300,170
 3 Multifamily residences                          406,189     415,235
 4 Nonfarm, nonresidential                       1,166,846   1,185,977
 5 Farm                                            108,836     109,873

   By type of holder
 6 Major financial institutions                  2,620,886   2,664,837
 7   Commercial banks (2)                        1,661,411   1,688,673
 8     One- to four-family                         966,502     978,144
 9     Multifamily                                  77,821      79,890
10     Nonfarm, nonresidential                     583,071     596,405
11     Farm                                         34,016      34,234
12   Savings institutions (3)                      723,534     741,114
13     One- to four-family                         595,053     608,289
14     Multifamily                                  61,094      62,666
15     Nonfarm, nonresidential                      66,852      69,589
16     Farm                                            535         569
17   Life insurance companies                      235,941     235,050
18     One- to four-family                           4,903       4,877
19     Multifamily                                  33,681      33,557
20     Nonfarm, nonresidential                     183,757     183,078
21     Farm                                         13,600      13,538

22 Federal and related agencies                    343,962     347,463
23   Government National Mortgage
        Association                                      6           6
24     One- to four-family                               6           6
25     Multifamily                                       0           0
26   Farmers Home Administration (4)                73,323      73,361
27     One- to four-family                          16,372      16,297
28     Multifamily                                  11,733      11,725
29     Nonfarm, nonresidential                      41,070      41,247
30     Farm                                          4,148       4,093
31   Federal Housing Admin. and Dept. of
        Veterans Affairs                             3,507       2,873
32     One- to four-family                           1,308       1,276
33     Multifamily                                   2,199       1,597
34   Resolution Trust Corporation                        0           0
35     One- to four-family                               0           0
36     Multifamily                                       0           0
37     Nonfarm, nonresidential                           0           0
38     Farm                                              0           0
39   Federal Deposit Insurance Corporation              45          50
40     One- to four-family                               7           8
41     Multifamily                                       9          10
42     Nonfarm, nonresidential                          29          32
43     Farm                                              0           0
44   Federal National Mortgage Association         155,363     157,481
45     One- to four-family                         144,150     145,014
46     Multifamily                                  11,213      12,467
47   Federal Land Banks                             36,326      37,072
48     One- to four-family                           2,137       2,181
49     Farm                                     34,189 (r)  34,189 (r)
50   Federal Home Loan Mortgage Corporation         59,240      60,110
51     One- to four-family                          42,871      42,771
52     Multifamily                                  16,369      17,339

53 Mortgage pools or trusts (5)                  3,231,415   3,300,561
54   Government National Mortgage
        Association                                611,553     601,523
55     One- to four-family                         592,624     581,743
56     Multifamily                                  18,929      19,780
57   Federal Home Loan Mortgage Corporation        822,310     833,616
58     One- to four-family                         816,602     827,769
59     Multifamily                                   5,708       5,847
60   Federal National Mortgage Association       1,057,750   1,099,049
61     One- to four-family                       1,016,398   1,055,412
62     Multifamily                                  41,352      43,637
63   Farmers Home Administration (4)                     0           0
64     One- to four-family                               0           0
65     Multifamily                                       0           0
66     Nonfarm, nonresidential                           0           0
67     Farm                                              0           0
68   Private mortgage conduits                     739,802     766,373
69     One- to four-family (6)                     499,834     523,300
70     Multifamily                                  48,786      49,007
71     Nonfarm, nonresidential                     191,182     194,066
72     Farm                                              0           0

73 Individuals and others (7)                      691,196     698,394
74   One- to four-family                           490,890     496,778
75   Multifamily                                    77,074      77,509
76   Nonfarm, nonresidential                       100,884     101,559
77   Farm                                           22,348      22,547

                                                          2001

        Type of holder and property                  Q2          Q3

 1 All holders                                   7,217,523   7,410,814

   By type of property
 2 One- to four-family residences                5,460,014   5,602,177
 3 Multifamily residences                          426,896     440,658
 4 Nonfarm, nonresidential                       1,217,562   1,253,314
 5 Farm                                            113,050     114,665

   By type of holder
 6 Major financial institutions                  2,716,269   2,737,607
 7   Commercial banks (2)                        1,727,463   1,740,321
 8     One- to four-family                         999,396     989,081
 9     Multifamily                                  80,542      84,051
10     Nonfarm, nonresidential                     612,366     631,757
11     Farm                                         35,159      35,432
12   Savings institutions (3)                      751,660     758,343
13     One- to four-family                         616,506     620,882
14     Multifamily                                  63,193      64,193
15     Nonfarm, nonresidential                      71,378      72,695
16     Farm                                            583         574
17   Life insurance companies                      237,146     238,943
18     One- to four-family                           5,003       5,085
19     Multifamily                                  33,842      33,842
20     Nonfarm, nonresidential                     184,634     186,235
21     Farm                                         13,667      13,781

22 Federal and related agencies                    356,817     363,001
23   Government National Mortgage
        Association                                      6           9
24     One- to four-family                               6           9
25     Multifamily                                       0           0
26   Farmers Home Administration (4)                73,206      72,118
27     One- to four-family                          16,153      15,916
28     Multifamily                                  11,720      11,710
29     Nonfarm, nonresidential                      41,262      40,470
30     Farm                                          4,072       4,023
31   Federal Housing Admin. and Dept. of
        Veterans Affairs                             2,918       3,155
32     One- to four-family                           1,267       1,251
33     Multifamily                                   1,651       1,904
34   Resolution Trust Corporation                        0           0
35     One- to four-family                               0           0
36     Multifamily                                       0           0
37     Nonfarm, nonresidential                           0           0
38     Farm                                              0           0
39   Federal Deposit Insurance Corporation              24          26
40     One- to four-family                               4           4
41     Multifamily                                       5           5
42     Nonfarm, nonresidential                          15          17
43     Farm                                              0           0
44   Federal National Mortgage Association         160,820     165,687
45     One- to four-family                         147,730     151,786
46     Multifamily                                  13,090      13,901
47   Federal Land Banks                             38,686      39,722
48     One- to four-family                           2,276       2,337
49     Farm                                     36,410 (r)  37,385 (r)
50   Federal Home Loan Mortgage Corporation         61,542      59,638
51     One- to four-family                          42,537      39,217
52     Multifamily                                  19,005      20,421

53 Mortgage pools or trusts (5)                  3,432,654   3,583,079
54   Government National Mortgage
        Association                                598,019     603,186
55     One- to four-family                         577,228     581,796
56     Multifamily                                  20,792      21,391
57   Federal Home Loan Mortgage Corporation        873,750     927,490
58     One- to four-family                         867,924     921,709
59     Multifamily                                   5,826       5,781
60   Federal National Mortgage Association       1,163,978   1,228,131
61     One- to four-family                       1,116,534   1,177,995
62     Multifamily                                  47,444      50,136
63   Farmers Home Administration (4)                     0           0
64     One- to four-family                               0           0
65     Multifamily                                       0           0
66     Nonfarm, nonresidential                           0           0
67     Farm                                              0           0
68   Private mortgage conduits                     796,907     824,272
69     One- to four-family (6)                     539,200     550,039
70     Multifamily                                  50,836      53,627
71     Nonfarm, nonresidential                     206,871     220,606
72     Farm                                              0           0

73 Individuals and others (7)                      711,784     727,126
74   One- to four-family                           508,826     522,597
75   Multifamily                                    78,764      79,524
76   Nonfarm, nonresidential                       101,035     101,534
77   Farm                                           23,160      23,471

                                                   2001         2002

        Type of holder and property                 Q4           Q1

 1 All holders                                   7,596,130   7,752,769

   By type of property
 2 One- to four-family residences                5,740,121   5,871,807
 3 Multifamily residences                          453,424     461,574
 4 Nonfarm, nonresidential                       1,286,358   1,301,486
 5 Farm                                            116,227     117,902

   By type of holder
 6 Major financial institutions                  2,792,907   2,789,210
 7   Commercial banks (2)                        1,793,061   1,802,265
 8     One- to four-family                       1,024,842   1,019,408
 9     Multifamily                                  84,981      86,826
10     Nonfarm, nonresidential                     647,669     660,052
11     Farm                                         35,569      35,978
12   Savings institutions (3)                      758,109     745,915
13     One- to four-family                         620,975     605,494
14     Multifamily                                  64,323      65,002
15     Nonfarm, nonresidential                      72,275      74,863
16     Farm                                            536         557
17   Life insurance companies                      241,737     241,030
18     One- to four-family                           5,144       5,129
19     Multifamily                                  34,488      34,387
20     Nonfarm, nonresidential                     188,165     187,615
21     Farm                                         13,940      13,899

22 Federal and related agencies                    376,969     385,027
23   Government National Mortgage
        Association                                      8           8
24     One- to four-family                               8           8
25     Multifamily                                       0           0
26   Farmers Home Administration (4)                72,452      72,362
27     One- to four-family                          15,824      15,665
28     Multifamily                                  11,712      11,707
29     Nonfarm, nonresidential                      40,965      41,134
30     Farm                                          3,952       3,855
31   Federal Housing Admin. and Dept. of
        Veterans Affairs                             3,290       3,361
32     One- to four-family                           1,260       1,255
33     Multifamily                                   2,031       2,105
34   Resolution Trust Corporation                        0           0
35     One- to four-family                               0           0
36     Multifamily                                       0           0
37     Nonfarm, nonresidential                           0           0
38     Farm                                              0           0
39   Federal Deposit Insurance Corporation              13           7
40     One- to four-family                               2           1
41     Multifamily                                       3           1
42     Nonfarm, nonresidential                           8           4
43     Farm                                              0           0
44   Federal National Mortgage Association         169,908     176,051
45     One- to four-family                         155,060     160,300
46     Multifamily                                  14,848      15,751
47   Federal Land Banks                             40,855      41,981
48     One- to four-family                           2,404       2,470
49     Farm                                     38,451 (r)      39,511
50   Federal Home Loan Mortgage Corporation         62,792      59,624
51     One- to four-family                          40,309      35,955
52     Multifamily                                  22,483      23,669

53 Mortgage pools or trusts (5)                  3,697,560   3,871,461
54   Government National Mortgage
        Association                                591,368     587,631
55     One- to four-family                         569,460     564,535
56     Multifamily                                  21,908      23,096
57   Federal Home Loan Mortgage Corporation        948,409   1,012,478
58     One- to four-family                         940,933   1,005,136
59     Multifamily                                   7,476       7,342
60   Federal National Mortgage Association       1,290,351   1,355,404
61     One- to four-family                       1,238,125   1,301,374
62     Multifamily                                  52,226      54,030
63   Farmers Home Administration (4)                     0           0
64     One- to four-family                               0           0
65     Multifamily                                       0           0
66     Nonfarm, nonresidential                           0           0
67     Farm                                              0           0
68   Private mortgage conduits                     867,432     915,948
69     One- to four-family (6)                     574,500     618,400
70     Multifamily                                  56,910      57,808
71     Nonfarm, nonresidential                     236,022     239,740
72     Farm                                              0           0

73 Individuals and others (7)                      728,693     707,071
74   One- to four-family                           523,781     505,183
75   Multifamily                                    79,880      79,709
76   Nonfarm, nonresidential                       101,254      98,078
77   Farm                                           23,779      24,102

(1.) Multifamily debt refers to loans on structures of five or more
units.

(2.) Includes loans held by nondeposit trust companies but not loans
held by bank trust departments.

(3.) Includes savings banks and savings and loan associations.

(4.) FmHA-guaranteed securities sold to the Federal Financing Bank
were reallocated from FmHA mortgage pools to FmHA mortgage holdings
in 1986:Q4 because of accounting changes by the Farmers Home
Administration.

(5.) Outstanding principal balances of mortgage-backed securities
insured or guaranteed by the agency indicated.

(6.) Includes securitized home equity loans.

(7.) Other holders include mortgage companies, real estate investment
trusts, state and local credit agencies, state and local retirement
funds, noninsured pension funds, credit unions, and finance companies.

SOURCE. Based on data from various institutional and government
sources. Separation of nonfarm mortgage debt by type of property, if
not reported directly, and interpolations and extrapolations, when
required for some quarters, are estimated in part by the Federal
Reserve. Line 69 from Inside Mortgage Securities and other sources.
1.55 CONSUMER CREDIT (1)
Millions of dollars,  amounts outstanding, end of period

Holder and type of credit        1999         2000         2001

                                       Seasonally adjusted

 1 Total                      1,416,316.0  1,560,571.0  1,669,283.0

 2 Revolving                    597,669.0    666,544.0    702,073.0
 3 Nonrevolving (2)             818,647.0    894,027.0    967,210.0

                                     Not seasonally adjusted

 4 Total                      1,446,127.0  1,593,051.0  1,703,291.0

   By major holder
 5 Commercial banks             499,758.0    541,470.0    558,023.0
 6 Finance companies            201,549.0    219,783.0    236,511.0
 7 Credit unions                167,921.0    184,434.0    189,570.0
 8 Savings institutions          61,527.0     64,557.0     69,070.0
 9 Nonfinancial business         80,311.0     82,662.0     67,939.0
10 Pools of securitized
    assets (3)                  435,061.0    500,145.0    582,178.0

   By major type of credit (4)
11 Revolving                    621,914.0    692,955.0    729,581.0
12   Commercial banks           189,352.0    218,063.0    224,486.0

13   Finance companies           32,483.0     37,561.0     31,484.0
14   Credit unions               20,641.0     22,226.0     22,265.0
15   Savings institutions        15,838.0     16,560.0     17,767.0
16   Nonfinancial business       42,783.0     42,430.0     29,790.0
17   Pools of securitized
       assets (3)               320,817.0    356,114.0    403,789.0

18 Nonrevolving                 824,213.0    900,095.0    973,710.0
19   Commercial banks           310,406.0    323,407.0    333,537.0
20   Finance companies          169,066.0    182,221.0    205,027.0
21   Credit unions              147,280.0    162,208.0    167,305.0
22   Savings institutions        45,689.0     47,997.0     51,303.0
23   Nonfinancial business       37,528.0     40,232.0     38,149.0
24   Pools of securitized
       assets (3)               114,244.0    144,031.0    178,389.0

Holder and type of credit              2001                2002
                                 Nov.         Dec.         Jan.

                                      Seasonally adjusted

 1 Total                      1,665,354.0  1,669,283.0  1,675,493.0

 2 Revolving                    707,332.0    702,073.0    703,639.0
 3 Nonrevolving (2)             958,022.0    967,210.0    971,854.0

                                     Not seasonally adjusted

 4 Total                      1,672,897.0  1,703,291.0  1,688,710.0

   By major holder
 5 Commercial banks             550,083.0    558,023.0    557,190.0
 6 Finance companies            238,850.0    236,511.0    230,055.0
 7 Credit unions                             189,570.0    188,126.0
 8 Savings institutions          68,890.0     69,070.0     68,906.0
 9 Nonfinancial business         60,384.0     67,939.0     63,183.0
10 Pools of securitized
    assets (3)                  565,961.0    582,178.0    581,250.0

   By major type of credit (4)
11 Revolving                    706,955.0    729,581.0    715,205.0
12   Commercial banks           219,566.0    224,486.0    218,979.0

13   Finance companies           30,245.0     31,484.0     29,762.0
14   Credit unions               21,597.0     22,265.0     21,516.0
15   Savings institutions        17,480.0     17,767.0     17,498.0
16   Nonfinancial business       24,463.0     29,790.0     26,280.0
17   Pools of securitized
       assets (3)               393,605.0    403,789.0    401,170.0

18 Nonrevolving                 965,942.0    973,710.0    973,506.0
19   Commercial banks           330,517.0    333,537.0    338,212.0
20   Finance companies          208,605.0    205,027.0    200,294.0
21   Credit unions              167,133.0    167,305.0    166,610.0
22   Savings institutions        51,410.0     51,303.0     51,408.0
23   Nonfinancial business       35,921.0     38,149.0     36,903.0
24   Pools of securitized
       assets (3)               172,356.0    178,389.0    180,080.0

Holder and type of credit                         2002
                                   Feb.           Mar.         Apr.

                                          Seasonally adjusted

 1 Total                      1,681,659.0 (r)  1,689,252.0  1,698,134.0

 2 Revolving                   704,210.0 (r)     707,336.0    711,457.0
 3 Nonrevolving (2)            977,450.0 (r)     981,916.0    986,676.0

                                        Not seasonally adjusted

 4 Total                      1,678,896.0 (r)  1,678,071.0  1,685,469.0

   By major holder
 5 Commercial banks             551,273.0 (r)    550,809.0    556,098.0
 6 Finance companies                233,166.0    232,264.0    230,154.0
 7 Credit unions                    186,509.0    186,476.0    187,306.0
 8 Savings institutions              68,758.0     68,595.0     69,424.0
 9 Nonfinancial business         59,043.0 (r)     58,102.0     56,924.0
10 Pools of securitized
    assets (3)                      580,147.0    581,825.0    585,562.0

   By major type of credit (4)
11 Revolving                    705,071.0 (r)    701,107.0    706,767.0
12   Commercial banks           216,771.0 (r)    216,291.0    221,326.0

13   Finance companies               28,844.0     27,918.0     28,982.0
14   Credit unions                   21,250.0     20,813.0     20,887.0
15   Savings institutions            17,256.0     16,988.0     17,495.0
16   Nonfinancial business           23,041.0     22,402.0     21,357.0
17   Pools of securitized
       assets (3)                   397,909.0    396,695.0    396,720.0

18 Nonrevolving                 973,825.0 (r)    976,964.0    978,702.0
19   Commercial banks           334,502.0 (r)    334,518.0    334,772.0
20   Finance companies              204,322.0    204,346.0    201,172.0
21   Credit unions                  165,259.0    165,663.0    166,419.0
22   Savings institutions            51,502.0     51,607.0     51,929.0
23   Nonfinancial business       36,002.0 (r)     35,699.0     35,568.0
24   Pools of securitized
       assets (3)                  182,238.00    185,131.0    188,843.0

(1.) The Board's series on amounts of credit covers most short- and
intermediate-term credit extended to individuals, excluding loans
secured by real estate. Data in this table also appear in the
Board's G.19 (42l) monthly statistical release. For ordering address,
see inside front cover.

(2.) Comprises motor vehicle loans, mobile home loans, and all other
loans that are not included in revolving credit, such as loans for
education, boats, trailers, or vacations. These loans may be secured
or unsecured.

(3.) Outstanding balances of pools upon which securities have been
issued; these balances are no longer carried on the balance sheets
of the loan originator.

(4.) Totals include estimates tot certain holders for which only
consumer credit totals are available.
1.56 TERMS OF CONSUMER CREDIT (1)

Percent per year except as noted

            Item                1999    2000    2001

       INTEREST RATES

   Commercial banks (2)
 1 48-month new car              8.44    9.34    8.50
 2 24-month personal            13.39   13.90   13.22

   Credit card plan
 3 All accounts                 15.21   15.71   14.89
 4 Accounts assessed interest   14.81   14.91   14.44

   Auto finance companies
 5 New car                       6.66    6.61    5.65
 6 Used car                     12.60   13.55   12.18

       OTHER TERMS (3)

   Maturity (months)
 7 New car                       52.7    54.9    55.1
 8 Used car                      55.9    57.0    57.5

   Loan-to-value ratio
 9 New car                         92      92      91
10 Used car                        99      99     100

   Amount financed (dollars)
11 New car                     19,880  20,923  22,822
12 Used car                    13,642  14,058  14,416

                                        2001
            Item
                                Oct.    Nov.    Dec.
       INTEREST RATES

   Commercial banks (2)
 1 48-month new car             n.a.     7.86   n.a.
 2 24-month personal            n.a.    12.62   n.a.

   Credit card plan
 3 All accounts                 n.a.    14.22   n.a.
 4 Accounts assessed interest   n.a.    13.88   n.a.

   Auto finance companies
 5 New car                       2.71    2.89    3.31
 6 Used car                     11.41   10.96   10.89

       OTHER TERMS (3)

   Maturity (months)
 7 New car                       53.7    51.0    48.6
 8 Used car                      57.2    56.7    56.5

   Loan-to-value ratio
 9 New car                         94      92      91
10 Used car                       100     100     100

   Amount financed (dollars)
11 New car                     24,443  24,934  24,812
12 Used car                    14,627  14,669  14,653

                                          2002
            Item
                                Jan.    Feb.    Mar.    Apr.
       INTEREST RATES

   Commercial banks (2)
 1 48-month new car             n.a.     7.50   n.a.    n.a.
 2 24-month personal            n.a.    11.72   n.a.    n.a.

   Credit card plan
 3 All accounts                 n.a.    13.65   n.a.    n.a.
 4 Accounts assessed interest   n.a.    12.98   n.a.    n.a.

   Auto finance companies
 5 New car                       4.02   n.a.    n.a.    n.a.
 6 Used car                     10.84   n.a.    n.a.    n.a.

       OTHER TERMS (3)

   Maturity (months)
 7 New car                       48.8    56.4    56.4    55.9
 8 Used car                      57.3    57.8    57.7    57.7

   Loan-to-value ratio
 9 New car                         90      89      90      93
10 Used car                       100     100     100     101

   Amount financed (dollars)
11 New car                     24,137  22,741  23,065  23,535
12 Used car                    14,355  14,049  14,149  14,363

(1.) The Board's series on amounts of credit covers most short-
and intermediate-term credit extended to individuals. Data in
this table also appear in the Board's G.19 (421) monthly
statistical release. For ordering address, see inside front cover.

(2.) Data are available for only the second month of each quarter.

(3.) At auto finance companies.
1.57 FUNDS RAISED IN U.S. CREDIT MARKETS (1)

Billions of dollars; quarterly data at seasonally adjusted annual rates

                                     1996     1997     1998     1999
  Transaction category or sector

                                            Nonfinancial sectors

 1 Total net borrowing by domestic
     nonfinancial sectors             733.6    804.7  1,042.9  1,069.4

   By sector and instrument
 2 Federal government                 144.9     23.1    -52.6    -71.2
 3   Treasury securities              146.6     23.2    -54.6    -71.0
 4   Budget agency securities and
       mortgages                       -1.6      -.1      2.0      -.2

 5 Nonfederal                         588.6    781.6  1,095.5  1,140.6

     By instrument
 6   Commercial paper                   -.9     13.7     24.4     37.4
 7   Municipal securities and
       loans                            2.6     71.4     96.8     68.2
 8   Corporate bonds                  116.3    150.5    218.7    229.9
 9   Bank loans n.e.c.                 70.4    106.4    108.1     82.6
10   Other loans and advances          28.7     59.5     82.1     57.1
11   Mortgages                        280.4    322.5    490.4    565.9
12     Home                           245.7    258.3    387.2    424.8
13     Multifamily residential          9.4      7.5     22.2     36.4
14     Commercial                      22.6     53.5     74.5     98.9
15     Farm                             2.7      3.1      6.5      5.8
16   Consumer credit                   91.3     57.5     75.0     99.5

     By borrowing sector
17   Household                        343.8    332.7    454.4    501.6
18   Nonfinancial business            251.6    392.8    560.8    586.6
19     Corporate                      179.4    291.9    393.1    398.7
20     Nonfarm noncorporate            67.3     94.7    159.7    182.4
21     Farm                             4.9      6.2      8.0      5.5
22   State and local government        -6.8     56.1     80.3     52.3

23 Foreign net borrowing in
     United States                     88.4     71.8     43.4     27.9
24   Commercial paper                  11.3      3.7      7.8     16.3
25   Bonds                             67.0     61.4     34.9     16.8
26   Bank loans n.e.c.                  9.1      8.5      6.7      0.5
27   Other loans and advances           1.0     -1.8     -6.0     -5.7

28 Total domestic plus foreign        822.0    876.5  1,086.3  1,097.3

                                              Financial sectors
29 Total net borrowing by
     financial sectors                550.1    662.2   1087.2   1084.4

   By instrument
30 Federal government-related        231.40    212.9    470.9    592.0
31   Government-sponsored
       enterprise securities           90.4     98.4    278.3    318.2
32   Mortgage pool securities         141.0    114.6    192.6    273.8
33   Loans from U.S. government          .0       .0       .0       .0

34 Private                            318.7    449.3    616.3    492.5
35   Open market paper                 92.2    166.7    161.0    176.2
36   Corporate bonds                  178.1    218.9    310.1    218.2
37   Bank loans n.e.c.                 12.6     13.3     30.1    -14.2
38   Other loans and advances          27.9     35.6     90.2    107.1
39   Mortgages                          7.9     14.9     24.8      5.1

   By borrowing sector
40 Commercial banking                  13.0     46.1     72.9     67.2
41 Savings institutions                25.5     19.7     52.2     48.0
42 Credit unions                         .1       .1       .6      2.2
43 Life insurance companies             1.1       .2       .7       .7
44 Government-sponsored enterprises    90.4     98.4    278.3    318.2
45 Federally related mortgage
     pools                            141.0    114.6    192.6    273.8
46 Issuers of asset-backed
     securities (ABSs)                150.8    202.2    321.4    223.4
47 Finance companies                   50.6     57.8     57.1     70.3
48 Mortgage companies                   4.1     -4.6      1.6       .2
49 Real estate investment
     trusts (REITs)                    11.9     39.6     62.7      6.3
50 Brokers and dealers                 -2.0      8.1      7.2    -17.2
51 Funding corporations                63.8     79.9     40.0     91.5

                                                  All sectors

52 Total net borrowing, all
     sectors                        1,372.0  1,538.7  2,173.4  2,181.7

53 Open market paper                  102.6    184.1    193.1    229.9
54 U.S. government securities         376.3    236.0    418.3    520.7
55 Municipal securities                 2.6     71.4     96.8     68.2
56 Corporate and foreign bonds        361.3    430.8    563.7    465.0
57 Bank loans n.e.c.                   92.1    128.2    145.0     68.9
58 Other loans and advances            57.7     93.2    166.3    158.5
59 Mortgages                          288.2    337.4    515.2    571.0
60 Consumer credit                     91.3     57.5     75.0     99.5

                                     Funds raised through mutual funds
                                           and corporate equities

61 Total net issues                   232.9    185.3    113.7    156.6

62 Corporate equities                  -4.7    -79.9   -165.8    -34.6
63   Nonfinancial corporations        -69.5   -114.4   -267.0   -143.5
64   Foreign shares purchased by
       U.S. residents                  82.8     57.6    101.3    114.4
65   Financial corporations           -18.1    -23.0      -.1     -5.5
66 Mutual fund shares                 237.6    265.1    279.5    191.2

                                                   2000         2001
                                     2000
  Transaction category or sector               Q3       Q4       Q1

                                           Nonfinancial sectors

 1 Total net borrowing by domestic
     nonfinancial sectors             861.8    810.8    758.0    974.1

   By sector and instrument
 2 Federal government                -295.9   -226.2   -331.3     -4.3
 3   Treasury securities             -294.9   -223.8   -330.2     -2.1
 4   Budget agency securities and
       mortgages                       -1.0     -2.4     -1.2     -2.2

 5 Nonfederal                       1,157.6  1,037.0  1,089.3    978.4

     By instrument
 6   Commercial paper                  48.1     56.1     -4.0   -199.2
 7   Municipal securities and
       loans                           35.3     31.0    60.10    110.7
 8   Corporate bonds                  171.1    168.8    175.6    399.5
 9   Bank loans n.e.c.                103.1     47.0     59.3    -16.0
10   Other loans and advances         101.5     16.5    125.2    -12.6
11   Mortgages                        559.6    563.8    542.4    551.5
12     Home                           416.5    438.0    390.5    429.9
13     Multifamily residential         34.5     27.0     39.8     34.3
14     Commercial                     102.1     92.3    110.1     83.0
15     Farm                             6.5      6.5      2.0      4.3
16   Consumer credit                  139.0    153.8    130.7    144.5

     By borrowing sector
17   Household                        545.9    573.2    500.7    520.4
18   Nonfinancial business            584.6    440.0    534.9    354.2
19     Corporate                      403.0    278.8    362.9    186.6
20     Nonfarm noncorporate           170.7    154.1    159.2    161.6
21     Farm                            10.9      7.2     12.8      5.9
22   State and local government        27.2     23.8     53.7    103.9

23 Foreign net borrowing in
     United States                     67.0     88.6     66.8      8.7
24   Commercial paper                  31.7      7.0     50.1    -26.5
25   Bonds                             25.2     71.4      9.0     33.3
26   Bank loans n.e.c.                 11.3     11.9     12.2     13.6
27   Other loans and advances          -1.3     -1.7     -4.6    -11.6

28 Total domestic plus foreign        928.7    899.4    824.8    982.8

                                             Financial sectors
29 Total net borrowing by
     financial sectors                815.6    794.0    963.1    862.7

   By instrument
30 Federal government-related         433.5    514.8    613.6    432.6
31   Government-sponsored
       enterprise securities          234.1    278.1    304.5    262.3
32   Mortgage pool securities         199.4    236.7    309.1    170.3
33   Loans from U.S. government          .0       .0       .0       .0

34 Private                            382.1    279.2    349.5    430.1
35   Open market paper                127.7    106.5    153.2   -134.6
36   Corporate bonds                  205.9    205.0    203.7    437.4
37   Bank loans n.e.c.                  -.3     -6.7     -4.4     27.0
38   Other loans and advances          42.5    -31.6     -4.8    107.8
39   Mortgages                          6.2      6.0      1.8     -7.5

   By borrowing sector
40 Commercial banking                  60.0     43.4     18.8    148.3
41 Savings institutions                27.3    -37.9     20.4     62.4
42 Credit unions                         .0      1.1      1.0      -.6
43 Life insurance companies             -.7      -.3      -.7     -2.4
44 Government-sponsored enterprises   234.1    278.1    304.5    262.3
45 Federally related mortgage
     pools                            199.4    236.7    309.1    170.3
46 Issuers of asset-backed
     securities (ABSs)                196.3    156.2    307.9    295.8
47 Finance companies                   81.2     98.1     26.1    -72.8
48 Mortgage companies                    .1     -0.3      1.0       .7
49 Real estate investment
     trusts (REITs)                     2.7     -2.4     -8.1     -6.1
50 Brokers and dealers                 15.6     25.4     -6.6    -23.7
51 Funding corporations                 -.4     -4.2    -10.4     28.6

                                                 All sectors

52 Total net borrowing, all
     sectors                        1,744.3  1,693.4  1,787.8  1,845.5

53 Open market paper                  207.5    169.7    199.3   -360.2
54 U.S. government securities         137.6    288.6    282.2    428.2
55 Municipal securities                35.3     31.0     60.1    110.7
56 Corporate and foreign bonds        402.2    445.2    388.3    870.2
57 Bank loans n.e.c.                  114.1     52.2     67.1     24.6
58 Other loans and advances           142.7    -16.8    115.8     83.6
59 Mortgages                          565.8    569.8    544.2    544.0
60 Consumer credit                    139.0    153.8    130.7    144.5

                                     Funds raised through mutual funds
                                            and corporate equities

61 Total net issues                   193.3    224.7    -35.1    240.0

62 Corporate equities                 -41.7    -50.4   -184.6    143.2
63   Nonfinancial corporations       -159.7    -87.8   -367.5    -25.2
64   Foreign shares purchased by
       U.S. residents                  99.7     61.1     89.4    109.2
65   Financial corporations            18.3    -23.7     93.4     59.1
66 Mutual fund shares                 235.0    275.1    149.5     96.8

                                              2001              2002

  Transaction category or sector      Q2       Q3       Q4       Q1

                                            Nonfinancial sectors

 1 Total net borrowing by domestic
     nonfinancial sectors             985.4  1,328.5  1,127.0    999.4

   By sector and instrument
 2 Federal government                -256.0    225.7    -17.6    112.0
 3   Treasury securities             -257.1    256.0    -16.9    113.8
 4   Budget agency securities and
       mortgages                        1.1      -.4      -.7     -1.8

 5 Nonfederal                       1,241.4  1,072.8  1,144.6    887.4

     By instrument
 6   Commercial paper                -133.4    -66.1     45.5   -155.7
 7   Municipal securities and
       loans                          112.4     56.0    191.1     78.7
 8   Corporate bonds                  419.5    187.9    323.5    233.8
 9   Bank loans n.e.c.               -144.1     -5.4   -183.8    -15.4
10   Other loans and advances         118.2     81.9   -108.9    -25.6
11   Mortgages                        792.8    747.8    727.2    691.7
12     Home                           623.1    538.9    541.5    593.6
13     Multifamily residential         45.3     56.3     51.9     30.3
14     Commercial                     112.0    146.0    127.8     61.2
15     Farm                            12.3      6.7      6.1      6.6
16   Consumer credit                   76.0     70.6    149.9     79.9

     By borrowing sector
17   Household                        667.6    648.6    622.0    695.8
18   Nonfinancial business            465.2    381.2    365.2    127.4
19     Corporate                      284.4    223.9    214.2     12.6
20     Nonfarm noncorporate           170.9    153.9    140.8    109.6
21     Farm                             9.9      3.4     10.2      5.2
22   State and local government       108.7     43.0    157.5     64.2

23 Foreign net borrowing in
     United States                    -53.4   -102.8     12.1     49.4
24   Commercial paper                  -6.7    -27.6      3.9     66.6
25   Bonds                            -15.9    -78.8     27.4    -16.1
26   Bank loans n.e.c.                -31.6      4.4    -16.3     14.1
27   Other loans and advances            .7     -0.8     -2.9    -15.2

28 Total domestic plus foreign        932.0  1,225.7  1,139.1   1048.8

                                             Financial sectors

29 Total net borrowing by
     financial sectors                796.9   1108.5    949.4    933.3

   By instrument
30 Federal government-related         674.6    818.4    591.8    692.8
31   Government-sponsored
       enterprise securities          268.3    326.2    306.5    191.3
32   Mortgage pool securities         406.2    492.2    285.3    501.5
33   Loans from U.S. government          .0       .0       .0       .0

34 Private                            122.3    290.1    357.6    240.5
35   Open market paper                -85.4    -85.6     58.2   -244.4
36   Corporate bonds                  188.3    326.7    295.3    457.9
37   Bank loans n.e.c.                 14.2     -7.1     21.0      3.1
38   Other loans and advances         -11.0     58.0    -15.3     17.3
39   Mortgages                         16.2     -1.9     -1.6      6.6

   By borrowing sector
40 Commercial banking                 -15.8     59.0     19.9     39.1
41 Savings institutions                16.0     19.4    -68.1    -25.7
42 Credit unions                         .8      1.5      4.4      2.4
43 Life insurance companies              .1      3.5      1.4      2.4
44 Government-sponsored enterprises   268.3    326.2    306.5    191.3
45 Federally related mortgage
     pools                            406.2    492.2    285.3    501.5
46 Issuers of asset-backed
     securities (ABSs)                172.3    324.3    360.1    370.0
47 Finance companies                   64.1     21.5    -12.6    -61.3
48 Mortgage companies                    .6       .8       .6       .8
49 Real estate investment
     trusts (REITs)                    10.5     -2.4      7.8      7.4
50 Brokers and dealers                 35.6     12.6    -19.0    -10.4
51 Funding corporations              -162.0   -150.2     62.9    -84.1

                                                  All sectors

52 Total net borrowing, all
     sectors                        1,728.8  2,334.2  2,088.5  1,982.1

53 Open market paper                 -225.5   -179.3    107.6   -333.5
54 U.S. government securities         418.5  1,074.1    574.2    804.8
55 Municipal securities               112.4     56.0    191.1     78.7
56 Corporate and foreign bonds        591.9    435.8    646.2    675.6
57 Bank loans n.e.c.                 -161.5     -8.0   -179.0      1.7
58 Other loans and advances           107.9    139.2   -127.1    -23.4
59 Mortgages                          809.0    745.9    725.6    698.3
60 Consumer credit                     76.0     70.6    149.9     79.9

                                     Funds raised through mutual funds
                                            and corporate equities

61 Total net issues                   411.7     94.6    395.2    389.8

62 Corporate equities                 128.7    -67.9    131.7     31.5
63   Nonfinancial corporations        -70.9   -126.4    -7.3      20.2
64   Foreign shares purchased by
       U.S. residents                 220.3     36.6     74.7    -26.6
65   Financial corporations           -20.7     22.0     64.3     37.9
66 Mutual fund shares                 283.0    162.5    263.6    358.3

(1.) Data in this table also appear in the Board's Z. 1 (780) quarterly
statistical release, tables F.2 through F4. For ordering address,
see inside front cover.
1.58 SUMMARY OF FINANCIAL TRANSACTIONS (1)

Billions of dollars except as noted; quarterly data at seasonally
adjusted annual rates

Transaction category or sector               1996      1997      1998

NET LENDING IN CREDIT MARKETS (2)

 1 Total net lending in credit markets      1,372.0   1,538.7   2,173.4

 2 Domestic nonfederal nonfinancial
    sectors                                    73.9     -22.2     173.2
 3   Household                                113.9     -12.2      41.4
 4   Nonfinancial corporate business          -10.2     -12.7     -16.0
 5   Nonfarm noncorporate business              4.0       2.6      13.3
 6   State and local governments              -33.7        .1     134.5
 7 Federal government                          -7.2       5.1      13.5
 8 Rest of the world                          414.4     311.3     254.2
 9 Financial sectors                          890.9   1,244.5   1,732.5
10   Monetary authority                        12.3      38.3      21.1
11   Commercial banking                       187.5     324.3     305.2
12     U.S.-chartered banks                   119.6     274.9     312.0
13     Foreign banking offices in United
        States                                 63.3      40.2     -11.9
14     Bank holding companies                   3.9       5.4       -.9
15     Banks in U.S.-affiliated areas            .7       3.7       6.0
16   Savings institutions                      19.9      -4.7      36.1
17   Credit unions                             25.5      16.8      19.0
18   Bank personal trusts and estates          -7.7     -25.0     -12.8
19   Life insurance companies                  69.6     104.8      76.9
20   Other insurance companies                 22.5      25.2       5.8
21   Private pension funds                     -4.1      47.6     -22.8
22   State and local government
      retirement funds                         35.8      67.1      72.1
23   Money market mutual funds                 88.8      87.5     244.0
24   Mutual funds                              48.9      80.9     127.3
25   Closed-end funds                           4.6      -2.5       5.5
26   Government-sponsored enterprises          97.4     106.6     314.6
27   Federally related mortgage pools         141.0     114.6     192.6
28   Asset-backed securities issuers
      (ABSs)                                  120.5     163.8     281.7
29   Finance companies                         18.9      23.1      77.3
30   Mortgage companies                         8.2      -9.1       3.2
31   Real estate investment trusts
      (REITs)                                   4.4      20.2      -5.1
32   Brokers and dealers                      -15.7      14.9       6.8
33   Funding corporations                      12.6      50.4     -15.8

RELATION OF LIABILITIES
TO FINANCIAL ASSETS

34 Net flows through credit markets         1,372.0   1,538.7   2,173.4

   Other financial sources

35 Official foreign exchange                   -6.3        .7       6.6
36 Special drawing rights certificates          -.5       -.5        .0
37 Treasury currency                             .5        .5        .6
38 Foreign deposits                            85.9     107.7       6.5
39 Net interbank transactions                 -51.6     -19.7     -32.3
40 Checkable deposits and currency             15.7      41.2      47.4
41 Small time and savings deposits             97.2      97.1     152.4
42 Large time deposits                        114.0     122.5      92.1
43 Money market fund shares                   145.4     155.9     287.2
44 Security repurchase agreements              41.4     120.9      91.3
45 Corporate equities                          -4.7     -79.9    -165.8
46 Mutual fund shares                         237.6     265.1     279.5
47 Trade payables                             123.3     139.7     107.8
48 Security credit                             52.4     111.0     103.3
49 Life insurance reserves                     44.5      59.3      48.0
50 Pension fund reserves                      148.3     201.4     217.1
51 Taxes payable                               19.5      22.3      19.6
52 Investment in bank personal trusts          -5.3     -49.9     -41.8
53 Noncorporate proprietors' equity             5.5     -40.7     -57.8
54 Miscellaneous                              526.1     493.6     978.7

55 Total financial sources                  2,961.1   3,287.1   4,313.7

   Liabilities not identified as
    assets (-)

56 Treasury currency                            -.4       -.2       -.1
57 Foreign deposits                            59.4     106.2      -8.5
58 Net interbank liabilities                   -3.3     -19.9       3.4
59 Security repurchase agreements               2.4      63.2      57.7
60 Taxes payable                               23.1      28.0      19.7
61 Miscellaneous                             -173.7    -244.7    -161.6

   Floats not included in assets (-)

62 Federal government checkable deposits         .5      -2.7       2.6
63 Other checkable deposits                    -4.0      -3.9     -31.0
64 Trade credit                               -25.4     -29.2     -40.9

65 Total identified to sectors as assets    3,082.7   3,390.1   4,444.6

Transaction category or sector               1999      2000

NET LENDING IN CREDIT MARKETS (2)

 1 Total net lending in credit markets      2,181.7   1,744.3

 2 Domestic nonfederal nonfinancial
    sectors                                   208.6    -160.2
 3   Household                                198.8    -175.7
 4   Nonfinancial corporate business         -15.6       17.5
 5   Nonfarm noncorporate business             -3.0      -1.2
 6   State and local governments               28.4       -.8
 7 Federal government                           5.8       7.3
 8 Rest of the world                          208.8     279.3
 9 Financial sectors                        1,758.5   1,617.8
10   Monetary authority                        25.7      33.7
11   Commercial banking                       308.2     358.4
12     U.S.-chartered banks                   317.6     339.8
13     Foreign banking offices in United
        States                                -20.1      24.0
14     Bank holding companies                   6.2     -12.2
15     Banks in U.S.-affiliated areas           4.4       6.7
16   Savings institutions                      68.6      56.5
17   Credit unions                             27.5      30.5
18   Bank personal trusts and estates          27.8      17.1
19   Life insurance companies                  53.5      57.9
20   Other insurance companies                 -3.0      -8.7
21   Private pension funds                     10.8      39.2
22   State and local government
      retirement funds                         46.9      54.6
23   Money market mutual funds                182.0     143.0
24   Mutual funds                              48.4      21.0
25   Closed-end funds                           7.4      -4.7
26   Government-sponsored enterprises         291.7     250.9
27   Federally related mortgage pools         273.8     199.4
28   Asset-backed securities issuers
      (ABSs)                                  205.2     166.4
29   Finance companies                         97.0     108.0
30   Mortgage companies                          .3        .2
31   Real estate investment trusts
      (REITs)                                  -2.6      -6.3
32   Brokers and dealers                      -34.7      68.9
33   Funding corporations                     124.1      31.8

RELATION OF LIABILITIES
TO FINANCIAL ASSETS

34 Net flows through credit markets         2,181.7   1,744.3

   Other financial sources

35 Official foreign exchange                   -8.7       -.4
36 Special drawing rights certificates         -3.0      -4.0
37 Treasury currency                            1.0       2.4
38 Foreign deposits                            61.0     120.8
39 Net interbank transactions                  18.4      13.6
40 Checkable deposits and currency            151.4     -71.5
41 Small time and savings deposits             44.7     190.7
42 Large time deposits                        130.6     118.4
43 Money market fund shares                   249.1     233.3
44 Security repurchase agreements             169.7     110.7
45 Corporate equities                         -34.6     -41.7
46 Mutual fund shares                         191.2     235.0
47 Trade payables                             270.5     169.1
48 Security credit                            104.3     146.1
49 Life insurance reserves                     50.8      50.2
50 Pension fund reserves                      181.4     215.6
51 Taxes payable                               23.2      21.7
52 Investment in bank personal trusts          -6.5     -29.7
53 Noncorporate proprietors' equity           -38.1      -2.5
54 Miscellaneous                              997.0   1,139.1

55 Total financial sources                  4,735.1   4,361.1

   Liabilities not identified as
    assets (-)

56 Treasury currency                            -.7      -1.2
57 Foreign deposits                            42.6      56.3
58 Net interbank liabilities                    3.5      17.4
59 Security repurchase agreements              35.6     117.1
60 Taxes payable                                6.5      14.1
61 Miscellaneous                             -355.4    -332.5

   Floats not included in assets (-)

62 Federal government checkable deposits       -7.4       9.0
63 Other checkable deposits                     -.8       1.7
64 Trade credit                                 7.2      14.0

65 Total identified to sectors as assets    5,004.0   4,465.2

                                                  2000

Transaction category or sector                Q3        Q4

NET LENDING IN CREDIT MARKETS (2)

 1 Total net lending in credit markets      1,693.4   1,787.8

 2 Domestic nonfederal nonfinancial
    sectors                                  -240.8    -251.4
 3   Household                               -211.2    -1,762
 4   Nonfinancial corporate business           -5.4     -77.1
 5   Nonfarm noncorporate business              2.2       -.2
 6   State and local governments              -26.4       2.1
 7 Federal government                           4.5      10.6
 8 Rest of the world                          216.2     387.8
 9 Financial sectors                        1,713.5   1,640.8
10   Monetary authority                        39.1       -.9
11   Commercial banking                       363.2     157.0
12     U.S.-chartered banks                   324.8      75.3
13     Foreign banking offices in United
        States                                 32.8      81.1
14     Bank holding companies                  -6.7      -3.2
15     Banks in U.S.-affiliated areas          12.3       3.8
16   Savings institutions                      62.7      42.5
17   Credit unions                             21.2      33.6
18   Bank personal trusts and estates          17.6      18.1
19   Life insurance companies                  74.8      38.8
20   Other insurance companies                  6.2     -11.7
21   Private pension funds                     56.1      26.0
22   State and local government
      retirement funds                         37.6      86.1
23   Money market mutual funds                256.1     272.7
24   Mutual funds                              50.2      57.8
25   Closed-end funds                          -4.7      -4.7
26   Government-sponsored enterprises         228.6     318.8
27   Federally related mortgage pools         236.7     309.1
28   Asset-backed securities issuers
      (ABSs)                                  120.9     278.9
29   Finance companies                        102.8      36.2
30   Mortgage companies                         -.5       2.0
31   Real estate investment trusts
      (REITs)                                  -3.6      -2.8
32   Brokers and dealers                      152.1     -69.0
33   Funding corporations                    -103.5      52.3

RELATION OF LIABILITIES
TO FINANCIAL ASSETS

34 Net flows through credit markets         1,693.4   1,787.8

   Other financial sources

35 Official foreign exchange                     .7       4.9
36 Special drawing rights certificates         -4.0      -4.0
37 Treasury currency                            4.2        .0
38 Foreign deposits                           -40.8     207.4
39 Net interbank transactions                  24.4      18.0
40 Checkable deposits and currency              5.0     -50.2
41 Small time and savings deposits            224.5     310.8
42 Large time deposits                        152.9      65.2
43 Money market fund shares                   250.9     371.0
44 Security repurchase agreements             277.1    -265.4
45 Corporate equities                         -50.4    -184.6
46 Mutual fund shares                         275.1     149.5
47 Trade payables                             137.1     116.5
48 Security credit                             97.5      74.4
49 Life insurance reserves                     53.0      47.3
50 Pension fund reserves                      219.9     147.9
51 Taxes payable                                4.1      25.4
52 Investment in bank personal trusts         -29.2     -28.0
53 Noncorporate proprietors' equity            26.6      -6.7
54 Miscellaneous                            1,507.0     832.2

55 Total financial sources                  4,829.1   3,619.5

   Liabilities not identified as
    assets (-)

56 Treasury currency                             .9      -3.3
57 Foreign deposits                          -100.2     194.6
58 Net interbank liabilities                  -12.1      51.1
59 Security repurchase agreements             170.4    -295.7
60 Taxes payable                               -1.8      44.1
61 Miscellaneous                              -65.4    -427.4

   Floats not included in assets (-)

62 Federal government checkable deposits        3.0      -2.1
63 Other checkable deposits                     1.9       2.4
64 Trade credit                               -26.6      73.3

65 Total identified to sectors as assets    4,859.0   3,982.6

                                                  2001

Transaction category or sector                Q1        Q2

NET LENDING IN CREDIT MARKETS (2)

 1 Total net lending in credit markets      1,845.5   1,728.8

 2 Domestic nonfederal nonfinancial
    sectors                                  -193.3    -268.6
 3   Household                               -269.6    -261.5
 4   Nonfinancial corporate business           31.6      17.4
 5   Nonfarm noncorporate business              3.2        .3
 6   State and local governments               41.5     -24.8
 7 Federal government                           4.6       9.4
 8 Rest of the world                          410.6     349.2
 9 Financial sectors                        1,623.6   1,638.9
10   Monetary authority                        53.7      26.4
11   Commercial banking                       138.4     148.8
12     U.S.-chartered banks                    93.5     194.5
13     Foreign banking offices in United
        States                                 41.3     -48.6
14     Bank holding companies                   7.3      -2.8
15     Banks in U.S.-affiliated areas          -3.6       5.6
16   Savings institutions                      52.5      57.3
17   Credit unions                             23.2       7.6
18   Bank personal trusts and estates          10.7      13.4
19   Life insurance companies                  95.3     124.9
20   Other insurance companies                  2.1        .1
21   Private pension funds                     24.5      50.8
22   State and local government
      retirement funds                        -70.7      77.0
23   Money market mutual funds                328.2     164.7
24   Mutual funds                              78.1     165.7
25   Closed-end funds                          -1.7      -1.7
26   Government-sponsored enterprises         311.8     321.3
27   Federally related mortgage pools         170.3     406.2
28   Asset-backed securities issuers
      (ABSs)                                  269.8     150.0
29   Finance companies                          -.9     126.7
30   Mortgage companies                         1.4       1.1
31   Real estate investment trusts
      (REITs)                                   4.0       1.1
32   Brokers and dealers                      310.9      14.0
33   Funding corporations                    -178.1    -216.6

RELATION OF LIABILITIES
TO FINANCIAL ASSETS

34 Net flows through credit markets         1,845.5   1,728.8

   Other financial sources

35 Official foreign exchange                   -1.5       4.7
36 Special drawing rights certificates           .0        .0
37 Treasury currency                           -1.1       1.1
38 Foreign deposits                           235.5    -170.2
39 Net interbank transactions                -162.9      -4.9
40 Checkable deposits and currency            184.2      82.8
41 Small time and savings deposits            280.2     202.6
42 Large time deposits                        128.1      53.9
43 Money market fund shares                   621.6     322.3
44 Security repurchase agreements             -86.6     168.7
45 Corporate equities                         143.2     128.7
46 Mutual fund shares                          96.8     283.0
47 Trade payables                              74.7     -89.4
48 Security credit                            -85.4     -83.3
49 Life insurance reserves                     52.7      53.2
50 Pension fund reserves                      244.8     169.0
51 Taxes payable                                 .5      16.2
52 Investment in bank personal trusts         -26.1     -22.7
53 Noncorporate proprietors' equity           -20.8      -3.5
54 Miscellaneous                            1,069.2   1,048.9

55 Total financial sources                  4,592.5   3,889.9

   Liabilities not identified as
    assets (-)

56 Treasury currency                           -3.6       -.5
57 Foreign deposits                           169.5    -154.3
58 Net interbank liabilities                   25.9       4.5
59 Security repurchase agreements            -262.7     171.6
60 Taxes payable                               -2.4     -16.8
61 Miscellaneous                             -102.5    -416.4

   Floats not included in assets (-)

62 Federal government checkable deposits       63.1       3.5
63 Other checkable deposits                     3.8       3.9
64 Trade credit                                -9.9     -38.0

65 Total identified to sectors as assets    4,711.3   4,332.4

                                                  2001           2002

Transaction category or sector                Q3        Q4        Q1

NET LENDING IN CREDIT MARKETS (2)

 1 Total net lending in credit markets      2,334.2   2,088.5   1,982.1

 2 Domestic nonfederal nonfinancial
    sectors                                   -85.7    -255.0     304.8
 3   Household                                -53.3    -257.3     227.6
 4   Nonfinancial corporate business          -25.3     -50.7      32.4
 5   Nonfarm noncorporate business              3.3       2.0       3.3
 6   State and local governments              -10.4      51.0      41.4
 7 Federal government                           3.6       6.9      -7.5
 8 Rest of the world                          389.0     563.2     271.4
 9 Financial sectors                        2,027.3   1,773.4   1,413.5
10   Monetary authority                         8.7      70.5      98.7
11   Commercial banking                       253.3     282.8     182.9
12     U.S.-chartered banks                   233.9     246.2     163.4
13     Foreign banking offices in United
        States                                 16.5       3.4       1.2
14     Bank holding companies                  -1.4      13.6      12.0
15     Banks in U.S.-affiliated areas           4.2      19.6       6.3
16   Savings institutions                      -8.3      66.3      17.6
17   Credit unions                             61.7      61.8      54.7
18   Bank personal trusts and estates           8.8       8.6       6.1
19   Life insurance companies                 179.3     107.1     152.4
20   Other insurance companies                  5.1      32.8      36.3
21   Private pension funds                     30.2      18.7     -40.8
22   State and local government
      retirement funds                        -74.2       7.3      76.8
23   Money market mutual funds                379.1     112.2    -294.3
24   Mutual funds                             103.7     156.6     262.2
25   Closed-end funds                          -1.7      -1.7      -1.7
26   Government-sponsored enterprises         264.6     314.5     283.7
27   Federally related mortgage pools         492.2     285.3     501.5
28   Asset-backed securities issuers
      (ABSs)                                  297.6     337.8     345.2
29   Finance companies                        -42.0     -17.0    -143.2
30   Mortgage companies                         1.7       1.2       1.6
31   Real estate investment trusts
      (REITs)                                   7.8      14.0      16.5
32   Brokers and dealers                      236.0     -94.9    -248.7
33   Funding corporations                    -176.2       9.6     105.9

RELATION OF LIABILITIES
TO FINANCIAL ASSETS

34 Net flows through credit markets         2,334.2   2,088.5   1,982.1

   Other financial sources

35 Official foreign exchange                   13.7        .2      -1.8
36 Special drawing rights certificates           .0        .0        .0
37 Treasury currency                             .0        .0        .0
38 Foreign deposits                           140.1     132.2     -25.0
39 Net interbank transactions                  56.6      87.4     -18.9
40 Checkable deposits and currency            244.9     288.6      28.6
41 Small time and savings deposits            231.4     338.0     277.8
42 Large time deposits                         29.4      46.0     274.1
43 Money market fund shares                   367.7     402.7    -260.8
44 Security repurchase agreements             240.7    -156.8    -127.8
45 Corporate equities                         -67.9     131.7      31.5
46 Mutual fund shares                         162.5     263.6     358.3
47 Trade payables                             -16.9    -111.2      87.2
48 Security credit                            546.9    -388.3    -234.8
49 Life insurance reserves                     80.2      72.6      57.4
50 Pension fund reserves                      235.2     176.2     169.6
51 Taxes payable                              106.4     -66.1      26.1
52 Investment in bank personal trusts         -28.2     -28.2     -31.0
53 Noncorporate proprietors' equity           -26.3       4.4      -.1
54 Miscellaneous                              908.8    -102.4     520.0

55 Total financial sources                  5,559.4   3,178.9   3,112.4

   Liabilities not identified as
    assets (-)

56 Treasury currency                           -1.4        .0       -.7
57 Foreign deposits                           143.2      70.5      18.2
58 Net interbank liabilities                    7.1      33.3      24.1
59 Security repurchase agreements              18.9    -125.2     -40.3
60 Taxes payable                                4.1      11.9      25.1
61 Miscellaneous                              266.8    -315.2    -138.0

   Floats not included in assets (-)

62 Federal government checkable deposits        5.7     -56.6     193.3
63 Other checkable deposits                     5.1       5.5       6.4
64 Trade credit                               -34.6     -23.2     -39.2

65 Total identified to sectors as assets    5,144.6   3,577.8   3,063.7

(1.) Data in this table also appear in the Board's Z.I (780) quarterly
statistical release, tables F.1 and F.5. For ordering address, see
inside front cover.

(2.) Excludes corporate equities and mutual fund shares.
1.59 SUMMARY OF CREDIT MARKET DEBT OUTSTANDING (1)

Billions of dollars, end of period

      Transaction category
            or sector            1997       1998       1999

 1  Total credit market
        debt owed by domestic
        nonfinancial sectors    15,244.2   16,287.1  17,391.1

    By sector and instrument
 2  Federal government           3,804.8    3,752.2   3,681.0
 3    Treasury securities        3,778.3    3,723.7   3,652.7
 4    Budget agency
        securities and
        mortgages                   26.5       28.5      28.3

 5  Nonfederal                  11,439.4   12,534.9  13,710.2

      By instrument
 6    Commercial paper             168.6      193.0     230.3
 7    Municipal securities
        and loans                1,367.5    1,464.3   1,532.5
 8    Corporate bonds            1,610.9    1,829.6   2,059.5
 9    Bank loans n.e.c.          1,040.4    1,148.5   1,231.2
10    Other loans and
        advances                   825.1      907.2     964.5
11    Mortgages                  5,155.4    5,645.8   6,246.0
12      Home                     3,978.3    4,365.5   4,790.2
13      Multifamily
         residential               285.7      307.9     344.5
14      Commercial                 801.4      875.9   1,009.0
15      Farm                        90.0       96.6     102.3
16    Consumer credit            1,271.6    1,346.6   1,446.1

      By borrowing sector
17    Households                 5,556.9    6,011.4   6,513.3
18    Nonfinancial business      4,763.0    5,323.7   5,944.7
19      Corporate                3,383.1    3,776.1   4,209.3
20      Nonfarm noncorporate     1,224.0    1,383.7   1,566.1
21      Farm                       155.9      163.9     169.4
22    State and local
        government               1,119.5    1,199.8   1,252.1

23  Foreign credit market
        debt held in
        United States              608.0      651.5     679.6

24  Commercial paper                65.1       72.9      89.2
25  Bonds                          427.1      462.6     479.4
26  Bank loans n.e.c                52.1       58.9      59.4
27  Other loans and advances        63.0       57.2      51.7

28  Total credit market debt
        owed by nonfinancial
        sectors, domestic
        and foreign             15,852.2   16,938.6  18,070.8

29  Total credit market debt
        owed by financial
        sectors                  5,458.0    6,545.2   7,629.6

    By instrument
30  Federal government-
        related                  2,821.1    3,292.0   3,884.0
31    Government-sponsored
        enterprise securities      995.3    1,273.6   1,591.7
32    Mortgage pool
        securities               1,825.8    2,018.4   2,292.2
33    Loans from U.S.
        government                    .0         .0        .0
34  Private                      2,636.9    3,253.2   3,745.6
35    Open market paper            745.7      906.7   1,082.9
36    Corporate bonds            1,568.6    1,878.7   2,096.9
37    Bank loans n.e.c.             77.3      107.5      93.2
38    Other loans and
        advances                   198.5      288.7     395.8
39    Mortgages                     46.8       71.6      76.7

    By borrowing sector
40  Commercialbanks                140.6      188.6     230.0
41  Bank holding companies         168.6      193.5     219.3
42  Savings institutions           160.3      212.4     260.4
43  Credit unions                     .6        1.1       3.4
44  Life insurance companies         1.8        2.5       3.2
45  Government-sponsored
        enterprises                995.3    1,273.6   1,591.7
46  Federally related
        mortgage pools           1,825.8    2,018.4   2,292.2
47  Issuers of asset-backed
        securities (ABSs)        1,076.6    1,398.0   1,621.4
48  Brokers and dealers             35.3       42.5      25.3
49  Finance companies              568.3      625.5     695.7
50  Mortgage companies              16.0       17.7      17.8
51  Real estate investment
        trusts (REITs)              96.1      158.8     165.1
52  Funding corporations           372.6      412.6     504.0

53  Total credit market debt,
        domestic and foreign    21,310.2   23,483.8  25,700.4

54  Open market paper              979.4    1,172.6   1,402.4
55  U.S. government
        securities               6,625.9    7,044.2   7,564.9
56  Municipal securities         1,367.5    1,464.3   1,532.5
57  Corporate and foreign
        bonds                    3,607.2    4,170.8   4,635.8
58  Bank loans n.e.c             1,169.8    1,314.9   1,383.8
59  Other loans and advances     1,086.6    1,253.0   1,412.0
60  Mortgages                    5,202.2    5,717.4   6,322.8
61  Consumer credit              1,271.6    1,346.6   1,446.1

                                                 2000
                                 2000        Q3         Q4

 1  Total credit market
        debt owed by domestic
        nonfinancial sectors    18,272.0   17,991.7  18,272.0

    By sector and instrument
 2  Federal government           3,385.1    3,410.1   3,385.1
 3    Treasury securities        3,357.8    3,382.5   3,357.8
 4    Budget agency
        securities and
        mortgages                   27.3       27.6      27.3

 5  Nonfederal                  14,886.9  145,816.6  14,886.9

      By instrument
 6    Commercial paper             278.4      307.0     278.4
 7    Municipal securities
        and loans                1,567.8    1,550.3   1,567.8
 8    Corporate bonds            2,230.6    2,186.7   2,230.6
 9    Bank loans n.e.c.          1,334.2    1,311.3   1,334.2
10    Other loans and
        advances                 1,077.1    1,039.5   1,077.1
11    Mortgages                  6,805.7    6,667.3   6,805.7
12      Home                     5,206.8    5,106.4   5,206.8
13      Multifamily
         residential               379.0      369.0     379.0
14      Commercial               1,111.1    1,083.6   1,111.1
15      Farm                       108.8      108.3     108.8
16    Consumer credit            1,593.1    1,519.6   1,593.1

      By borrowing sector
17    Households                 7,078.3    6,903.8   7,078.3
18    Nonfinancial business      6,529.3    6,414.7   6,529.3
19      Corporate                4,612.3    4,540.8   4,612.3
20      Nonfarm noncorporate     1,736.8    1,696.0   1,736.8
21      Farm                       180.2      177.9     180.2
22    State and local
        government               1,279.3    1,263.1   1,279.3

23  Foreign credit market
        debt held in
        United States              746.7      731.0     746.7

24  Commercial paper               120.9      109.8     120.9
25  Bonds                          504.6      502.4     504.6
26  Bank loans n.e.c                70.7       67.7      70.7
27  Other loans and advances        50.5       51.2      50.5

28  Total credit market debt
        owed by nonfinancial
        sectors, domestic
        and foreign             19,018.7   18,722.7  19,018.7

29  Total credit market debt
        owed by financial
        sectors                  8,457.1    8,190.8   8,457.1

    By instrument
30  Federal government-
        related                  4,317.4    4,164.0   4,317.4
31    Government-sponsored
        enterprise securities    1,825.8    1,749.7   1,825.8
32    Mortgage pool
        securities               2,491.6    2,414.3   2,491.6
33    Loans from U.S.
        government                    .0         .0        .0
34  Private                      4,139.7    4,026.7   4,139.7
35    Open market paper          1,210.7    1,151.6   1,210.7
36    Corporate bonds            2,314.8    2,269.7   2,314.8
37    Bank loans n.e.c.             93.0       92.8      93.0
38    Other loans and
        advances                   438.3      430.2     438.3
39    Mortgages                     82.9       82.5      82.9

    By borrowing sector
40  Commercialbanks                266.7      265.2     266.7
41  Bank holding companies         242.5      236.9     242.5
42  Savings institutions           287.7      276.0     287.7
43  Credit unions                    3.4        3.1       3.4
44  Life insurance companies         2.5        2.7       2.5
45  Government-sponsored
        enterprises              1,825.8    1,749.7   1,825.8
46  Federally related
        mortgage pools           2,491.6    2,414.3   2,491.6
47  Issuers of asset-backed
        securities (ABSs)        1,829.6    1,742.3   1,829.6
48  Brokers and dealers             40.9       42.6      40.9
49  Finance companies              776.9      761.8     776.9
50  Mortgage companies              17.9       17.7      17.9
51  Real estate investment
        trusts (REITs)             167.8      169.8     167.8
52  Funding corporations           503.7      508.7     503.7

53  Total credit market debt,
        domestic and foreign    27,475.8   26,913.5  27,475.8

54  Open market paper            1,610.0    1,568.3   1,610.0
55  U.S. government
        securities               7,702.5    7,574.2   7,702.5
56  Municipal securities         1,567.8    1,550.3   1,567.8
57  Corporate and foreign
        bonds                    5,050.0    4,958.7   5,050.0
58  Bank loans n.e.c             1,497.9    1,471.7   1,497.9
59  Other loans and advances     1,565.9    1,520.9   1,565.9
60  Mortgages                    6,888.6    6,749.8   6,888.6
61  Consumer credit              1,593.1    1,519.6   1,593.1

                                            2001
                                  Q1         Q2         Q3

 1  Total credit market
        debt owed by domestic
        nonfinancial sectors    18,509.5   18,680.6  18,995.3

    By sector and instrument
 2  Federal government           3,408.8    3,251.4   3,320.0
 3    Treasury securities        3,382.0    3,224.3   3,293.0
 4    Budget agency
        securities and
        mortgages                   26.8       27.0      27.0

 5  Nonfederal                  15,100.7   15,429.3  15,675.3

      By instrument
 6    Commercial paper             253.2      223.3     201.3
 7    Municipal securities
        and loans                1,597.5    1,629.8   1,635.3
 8    Corporate bonds            2,330.4    2,435.3   2,482.3
 9    Bank loans n.e.c.          1,321.3    1,292.7   1,283.8
10    Other loans and
        advances                 1,083.2    1,110.6   1,116.8
11    Mortgages                  6,929.7    7,129.4   7,325.3
12      Home                     5,299.2    5,457.7   5,601.4
13      Multifamily
         residential               388.7      398.9     412.9
14      Commercial               1,131.8    1,159.8   1,196.3
15      Farm                       110.0      113.1     114.7
16    Consumer credit            1,585.3    1,608.1   1,630.5

      By borrowing sector
17    Households                 7,144.5    7,319.5   7,491.8
18    Nonfinancial business      6,648.8    6,771.9   6,842.9
19      Corporate                4,691.6    4,766.7   4,799.6
20      Nonfarm noncorporate     1,777.5    1,820.1   1,857.4
21      Farm                       179.7      185.2     185.9
22    State and local
        government               1,307.5    1,337.8   1,340.6

23  Foreign credit market
        debt held in
        United States              747.5      733.2     710.2

24  Commercial paper               112.8      110.1     106.3
25  Bonds                          512.9      509.0     489.3
26  Bank loans n.e.c                74.1       66.2      67.3
27  Other loans and advances        47.7       47.9      47.3

28  Total credit market debt
        owed by nonfinancial
        sectors, domestic
        and foreign             19,257.0   19,413.9  19,705.4

29  Total credit market debt
        owed by financial
        sectors                  8,657.0    8,856.1   9,126.5

    By instrument
30  Federal government-
        related                  4,422.9    4,591.6   4,796.2
31    Government-sponsored
        enterprise securities    1,888.7    1,955.8   2,037.4
32    Mortgage pool
        securities               2,534.2    2,635.7   2,758.8
33    Loans from U.S.
        government                    .0         .0        .0
34  Private                      4,234.1    4,264.6   4,330.3
35    Open market paper          1,180.8    1,144.5   1,110.2
36    Corporate bonds            2,424.0    2,483.9   2,568.1
37    Bank loans n.e.c.             97.3      100.4     100.2
38    Other loans and
        advances                   450.9      450.7     467.2
39    Mortgages                     81.1       85.1      84.6

    By borrowing sector
40  Commercialbanks                273.8      274.7     281.4
41  Bank holding companies         266.5      269.0     272.7
42  Savings institutions           295.1      294.4     305.6
43  Credit unions                    3.2        3.5       3.8
44  Life insurance companies         1.9        1.9       2.8
45  Government-sponsored
        enterprises              1,888.7    1,955.8   2,037.4
46  Federally related
        mortgage pools           2,534.2    2,635.7   2,758.8
47  Issuers of asset-backed
        securities (ABSs)        1,893.7    1,942.4   2,025.5
48  Brokers and dealers             35.0       43.9      47.1
49  Finance companies              756.2      769.0     771.2
50  Mortgage companies              18.1       18.2      18.5
51  Real estate investment
        trusts (REITs)             166.2      168.9     168.3
52  Funding corporations           524.3      478.6     433.6

53  Total credit market debt,
        domestic and foreign    27,914.0   28,270.0  28,831.9

54  Open market paper            1,546.8    1,477.9   1,417.8
55  U.S. government
        securities               7,831.7    7,842.9   8,116.2
56  Municipal securities         1,597.5    1,629.8   1,635.3
57  Corporate and foreign
        bonds                    5,267.4    5,428.2   5,539.6
58  Bank loans n.e.c             1,492.7    1,459.2   1,451.3
59  Other loans and advances     1,581.8    1,609.2   1,631.3
60  Mortgages                    7,010.8    7,214.5   7,410.0
61  Consumer credit              1,585.3    1,608.1   1,630.5

                                  2001       2002
                                   Q4         Q1

 1  Total credit market
        debt owed by domestic
        nonfinancial sectors    19,376.3   19,606.1

    By sector and instrument
 2  Federal government           3,379.5    3,430.3
 3    Treasury securities        3,352.7    3,404.0
 4    Budget agency
        securities and
        mortgages                   26.8       26.3

 5  Nonfederal                  15,996.8   16,175.8

      By instrument
 6    Commercial paper             190.1      167.5
 7    Municipal securities
        and loans                1,685.4    1,707.5
 8    Corporate bonds            2,563.2    2,621.6
 9    Bank loans n.e.c.          1,247.5    1,233.6
10    Other loans and
        advances                 1,096.8    1,099.9
11    Mortgages                  7,510.5    7,667.6
12      Home                     5,740.1    5,872.7
13      Multifamily
         residential               425.9      433.5
14      Commercial               1,228.3    1,243.6
15      Farm                       116.2      117.9
16    Consumer credit            1,703.3    1,678.1

      By borrowing sector
17    Households                 7,692.9    7,800.1
18    Nonfinancial business      6,921.3    6,974.4
19      Corporate                4,840.1    4,866.2
20      Nonfarm noncorporate     1,893.6    1,921.4
21      Farm                       187.6      186.9
22    State and local
        government               1,382.5    1,401.2

23  Foreign credit market
        debt held in
        United States              712.9      725.6

24  Commercial paper               106.7      123.6
25  Bonds                          496.1      492.1
26  Bank loans n.e.c                63.2       66.8
27  Other loans and advances        46.8       43.2

28  Total credit market debt
        owed by nonfinancial
        sectors, domestic
        and foreign             20,089.1   20,331.7

29  Total credit market debt
        owed by financial
        sectors                  9,383.8    9,603.3

    By instrument
30  Federal government-
        related                  4,944.1    5,117.3
31    Government-sponsored
        enterprise securities    2,114.0    2,161.8
32    Mortgage pool
        securities               2,830.1    2,955.5
33    Loans from U.S.
        government                   .0         .0
34  Private                      4,439.7    4,485.9
35    Open market paper          1,148.8    1,090.9
36    Corporate bonds            2,626.7    2,741.8
37    Bank loans n.e.c.            106.8      105.0
38    Other loans and
        advances                   473.2      462.4
39    Mortgages                     84.2       85.9

    By borrowing sector
40  Commercialbanks                296.0      295.8
41  Bank holding companies         266.1      269.4
42  Savings institutions           295.1      280.4
43  Credit unions                    4.9        5.5
44  Life insurance companies         3.1        3.7
45  Government-sponsored
        enterprises              2,114.0    2,161.8
46  Federally related
        mortgage pools           2,830.1    2,955.5
47  Issuers of asset-backed
        securities (ABSs)        2,117.8    2,200.1
48  Brokers and dealers             42.3       39.7
49  Finance companies              777.0      759.1
50  Mortgage companies              18.6       18.8
51  Real estate investment
        trusts (REITs)             170.2      172.1
52  Funding corporations           448.5      441.3

53  Total credit market debt,
        domestic and foreign    29,472.9   29,934.9

54  Open market paper            1,445.6    1,382.0
55  U.S. government
        securities               8,323.6    8,547.6
56  Municipal securities         1,685.4    1,707.5
57  Corporate and foreign
        bonds                    5,686.0    5,855.5
58  Bank loans n.e.c             1,417.5    1,405.3
59  Other loans and advances     1,616.8    1,605.5
60  Mortgages                    7,594.7    7,753.5
61  Consumer credit              1,703.3    1,678.1

(1.) Data in this table appear in the Board's Z.1
(780) quarterly statistical release, tables L.2
through L.4. For ordering address, see inside front cover.
1.60 SUMMARY OF FINANCIAL ASSETS AND LIABILITIES (1)

Billions of dollars except as noted, end of period

          Transaction category or sector               1997      1998

        CREDIT MARKET DEBT OUTSTANDING (2)

 1 Total credit market assets                        21,310.2  23,483.8

 2 Domestic nonfederal nonfinancial sectors           2,945.6   3,090.5
 3   Household                                        2,028.9   2,042.0
 4   Nonfinancial corporate business                    257.5     241.5
 5   Nonfarm noncorporate business                       54.2      67.5
 6   State and local governments                        605.0     739.4
 7 Federal government                                   205.4     219.1
 8 Rest of the world                                  2,257.3   2,539.8
 9 Financial sectors                                 15,901.9  17,634.4
10   Monetary authority                                 431.4     452.5
11   Commercial banking                               4,031.9   4,335.7
12     U.S.-chartered banks                           3,450.7   3,761.2
13     Foreign banking offices in United States         516.1     504.2
14     Bank holding companies                            27.4      26.5
15     Banks in U.S.-affiliated areas                    37.8      43.8
16   Savings institutions                               928.5     964.6
17   Credit unions                                      305.3     324.2
18   Bank personal trusts and estates                   207.0     194.1
19   Life insurance companies                         1,751.1   1,828.0
20   Other insurance companies                          515.3     521.1
21   Private pension funds                              674.6     651.8
22   State and local government retirement funds        632.5     704.6
23   Money market mutual funds                          721.9     965.9
24   Mutual funds                                       901.1   1,028.4
25   Closed-end funds                                    98.3     103.8
26   Government-sponsored enterprises                   939.4   1,253.9
27   Federally related mortgage pools                 1,825.8   2,018.4
28   Asset-backed securities (ABSs) issuers             937.7   1,219.4
29   Finance companies                                  568.2     645.5
30   Mortgage companies                                  32.1      35.3
31   Real estate investment trusts (REITs)               50.6      45.5
32   Brokers and dealers                                182.6     189.4
33   Funding corporations                               166.7     152.3

              RELATION OF LIABILITIES
                TO FINANCIAL ASSETS

34 Total credit market debt                          21,310.2  23,483.8

   Other liabilities
35 Official foreign exchange                             48.9      60.1
36 Special drawing rights certificates                    9.2       9.2
37 Treasury currency                                     19.3      19.9
38 Foreign deposits                                     618.5     642.3
39 Net interbank liabilities                            219.4     189.0
40 Checkable deposits and currency                    1,286.1   1,333.4
41 Small time and savings deposits                    2,474.1   2,626.5
42 Large time deposits                                  713.4     805.5
43 Money market fund shares                           1,042.5   1,329.7
44 Security repurchase agreements                       822.4     913.7
45 Mutual fund shares                                 2,989.4   3,613.1
46 Security credit                                      469.1     572.3
47 Life insurance reserves                              665.0     718.3
48 Pension fund reserves                              7,323.4   8,209.0
49 Trade payables                                     1,967.3   2,075.1
50 Taxes payable                                        151.1     170.7
51 Investment in bank personal trusts                   942.5   1,001.0
52 Miscellaneous                                      6,731.6   7,643.8

53 Total liabilities                                 49,803.2  55,416.3

   Financial assets not included in liabilities (+)
54 Gold and special drawing rights                       21.1      21.6
55 Corporate equities                                13,301.7  15,577.3
56 Household equity in noncorporate business          4,052.7   4,286.9

   Liabilities not identified as assets (-)
57 Treasury currency                                     -6.3      -6.4
58 Foreign deposits                                     535.0     542.8
59 Net interbank transactions                           -32.2     -27.0
60 Security repurchase agreements                       172.9     230.6
61 Taxes payable                                        104.2     121.2
62 Miscellaneous                                     -1,548.1  -2,248.0

   Floats not included in assets (-)
63 Federal government checkable deposits                 -8.1      -3.9
64 Other checkable deposits                              26.2      23.1
65 Trade credit                                         126.8      87.0

66 Totals identified to sectors as assets            67,808.2  76,582.6

          Transaction category or sector               1999      2000

        CREDIT MARKET DEBT OUTSTANDING (2)

 1 Total credit market assets                        25,700.4  27,475.8

 2 Domestic nonfederal nonfinancial sectors           3,369.1   3,171.9
 3   Household                                        2,310.9   2,098.1
 4   Nonfinancial corporate business                    226.0     243.5
 5   Nonfarm noncorporate business                       64.4      63.2
 6   State and local governments                        767.8     767.0
 7 Federal government                                   258.0     265.4
 8 Rest of the world                                  2,676.2   3,004.6
 9 Financial sectors                                 19,397.0  21,033.9
10   Monetary authority                                 478.1     511.8
11   Commercial banking                               4,643.9   5,002.3
12     U.S.-chartered banks                           4,078.9   4,418.7
13     Foreign banking offices in United States         484.1     508.1
14     Bank holding companies                            32.7      20.5
15     Banks in U.S.-affiliated areas                    48.3      55.0
16   Savings institutions                             1,033.2   1,089.7
17   Credit unions                                      351.7     382.2
18   Bank personal trusts and estates                   222.0     239.1
19   Life insurance companies                         1,886.0   1,943.9
20   Other insurance companies                          518.2     509.4
21   Private pension funds                              662.5     701.7
22   State and local government retirement funds        751.4     806.0
23   Money market mutual funds                        1,147.8   1,290.9
24   Mutual funds                                     1,076.8   1,097.8
25   Closed-end funds                                   111.2     106.4
26   Government-sponsored enterprises                 1,545.6   1,803.7
27   Federally related mortgage pools                 2,292.2   2,491.6
28   Asset-backed securities (ABSs) issuers           1,424.6   1,602.9
29   Finance companies                                  742.5     850.5
30   Mortgage companies                                  35.6      35.9
31   Real estate investment trusts (REITs)               42.9      36.6
32   Brokers and dealers                                154.7     223.6
33   Funding corporations                               276.1     307.9

              RELATION OF LIABILITIES
                TO FINANCIAL ASSETS

34 Total credit market debt                          25,700.4  27,475.8

   Other liabilities
35 Official foreign exchange                             50.1      46.1
36 Special drawing rights certificates                    6.2       2.2
37 Treasury currency                                     20.9      23.2
38 Foreign deposits                                     703.6     824.5
39 Net interbank liabilities                            205.3     222.6
40 Checkable deposits and currency                    1,484.8   1,413.3
41 Small time and savings deposits                    2,671.2   2,861.9
42 Large time deposits                                  936.1   1,054.5
43 Money market fund shares                           1,578.8   1,812.1
44 Security repurchase agreements                     1,083.4   1,194.1
45 Mutual fund shares                                 4,538.5   4,434.6
46 Security credit                                      676.6     822.7
47 Life insurance reserves                              783.9     819.1
48 Pension fund reserves                              9,065.6   9,075.1
49 Trade payables                                     2,345.6   2,514.6
50 Taxes payable                                        193.9     215.6
51 Investment in bank personal trusts                 1,130.4   1,019.4
52 Miscellaneous                                      8,457.3   9,413.2

53 Total liabilities                                 61,632.7  65,244.7

   Financial assets not included in liabilities (+)
54 Gold and special drawing rights                       21.4      21.6
55 Corporate equities                                19,581.2  17,566.4
56 Household equity in noncorporate business          4,537.6   4,814.9

   Liabilities not identified as assets (-)
57 Treasury currency                                     -7.1      -8.5
58 Foreign deposits                                     585.7     642.1
59 Net interbank transactions                           -25.5      -4.3
60 Security repurchase agreements                       266.2     383.3
61 Taxes payable                                        121.9     127.7
62 Miscellaneous                                     -2,837.8  -3,299.8

   Floats not included in assets (-)
63 Federal government checkable deposits                 -9.9      -2.3
64 Other checkable deposits                              22.3      24.0
65 Trade credit                                          95.5     114.3

66 Totals identified to sectors as assets            87,561.4  89,671.1

                                                            2000

          Transaction category or sector                Q3        Q4

        CREDIT MARKET DEBT OUTSTANDING (2)

 1 Total credit market assets                        26,913.5  27,475.8

 2 Domestic nonfederal nonfinancial sectors           3,227.0   3,171.9
 3   Household                                        2,152.1   2,098.1
 4   Nonfinancial corporate business                    245.4     243.5
 5   Nonfarm noncorporate business                       63.3      63.2
 6   State and local governments                        766.2     767.0
 7 Federal government                                   262.7     265.4
 8 Rest of the world                                  2,861.7   3,004.6
 9 Financial sectors                                 20,562.1  21,033.9
10   Monetary authority                                 511.5     511.8
11   Commercial banking                               4,931.0   5,002.3
12     U.S.-chartered banks                           4,368.2   4,418.7
13     Foreign banking offices in United States         487.5     508.1
14     Bank holding companies                            21.3      20.5
15     Banks in U.S.-affiliated areas                    54.0      55.0
16   Savings institutions                             1,082.2   1,089.7
17   Credit unions                                      376.0     382.2
18   Bank personal trusts and estates                   234.6     239.1
19   Life insurance companies                         1,935.1   1,943.9
20   Other insurance companies                          512.4     509.4
21   Private pension funds                              695.2     701.7
22   State and local government retirement funds        784.5     806.0
23   Money market mutual funds                        1,212.5   1,290.9
24   Mutual funds                                     1,087.1   1,097.8
25   Closed-end funds                                   107.6     106.4
26   Government-sponsored enterprises                 1,714.3   1,803.7
27   Federally related mortgage pools                 2,414.3   2,491.6
28   Asset-backed securities (ABSs) issuers           1,522.9   1,602.9
29   Finance companies                                  830.0     850.5
30   Mortgage companies                                  35.4      35.9
31   Real estate investment trusts (REITs)               37.3      36.6
32   Brokers and dealers                                243.3     223.6
33   Funding corporations                               294.9     307.9

              RELATION OF LIABILITIES
                TO FINANCIAL ASSETS

34 Total credit market debt                          26,913.5  27,475.8

   Other liabilities
35 Official foreign exchange                             44.9      46.1
36 Special drawing rights certificates                    3.2       2.2
37 Treasury currency                                     23.2      23.2
38 Foreign deposits                                     772.6     824.5
39 Net interbank liabilities                            206.0     222.6
40 Checkable deposits and currency                    1,385.7   1,413.3
41 Small time and savings deposits                    2,790.9   2,861.9
42 Large time deposits                                1,025.9   1,054.5
43 Money market fund shares                           1,697.8   1,812.1
44 Security repurchase agreements                     1,238.6   1,194.1
45 Mutual fund shares                                 4,781.6   4,434.6
46 Security credit                                      805.8     822.7
47 Life insurance reserves                              818.7     819.1
48 Pension fund reserves                              9,340.2   9,075.1
49 Trade payables                                     2,468.7   2,514.6
50 Taxes payable                                        214.1     215.6
51 Investment in bank personal trusts                 1,106.7   1,019.4
52 Miscellaneous                                      9,504.7   9,413.2

53 Total liabilities                                 65,142.8  65,244.7

   Financial assets not included in liabilities (+)
54 Gold and special drawing rights                       21.4      21.6
55 Corporate equities                                19,244.2  17,566.4
56 Household equity in noncorporate business          4,736.3   4,814.9

   Liabilities not identified as assets (-)
57 Treasury currency                                     -7.6      -8.5
58 Foreign deposits                                     593.4     642.1
59 Net interbank transactions                           -17.6      -4.3
60 Security repurchase agreements                       453.2     383.3
61 Taxes payable                                        123.8     127.7
62 Miscellaneous                                     -2,788.8  -3,299.8

   Floats not included in assets (-)
63 Federal government checkable deposits                 -7.8      -2.3
64 Other checkable deposits                              15.5      24.0
65 Trade credit                                          15.2     114.3

66 Totals identified to sectors as assets            90,765.4  89,671.1

                                                            2001

          Transaction category or sector                Q1        Q2

        CREDIT MARKET DEBT OUTSTANDING (2)

 1 Total credit market assets                        27,914.0  28,270.0

 2 Domestic nonfederal nonfinancial sectors           3,097.7   3,011.3
 3   Household                                        2,024.9   1,936.2
 4   Nonfinancial corporate business                    231.4     236.9
 5   Nonfarm noncorporate business                       64.0      64.1
 6   State and local governments                        777.4     774.1
 7 Federal government                                   266.6     268.9
 8 Rest of the world                                  3,112.9   3,200.1
 9 Financial sectors                                 21,436.8  21,789.7
10   Monetary authority                                 523.9     535.1
11   Commercial banking                               5,012.1   5,044.6
12     U.S.-chartered banks                           4,420.8   4,463.3
13     Foreign banking offices in United States         515.0     504.2
14     Bank holding companies                            22.3      21.6
15     Banks in U.S.-affiliated areas                    54.1      55.5
16   Savings institutions                             1,101.6   1,116.4
17   Credit unions                                      386.5     391.8
18   Bank personal trusts and estates                   241.8     245.1
19   Life insurance companies                         1,967.2   1,996.9
20   Other insurance companies                          510.0     510.0
21   Private pension funds                              707.9     720.6
22   State and local government retirement funds        788.3     807.6
23   Money market mutual funds                        1,404.2   1,414.6
24   Mutual funds                                     1,113.9   1,160.3
25   Closed-end funds                                   106.0     105.6
26   Government-sponsored enterprises                 1,866.9   1,948.4
27   Federally related mortgage pools                 2,534.2   2,635.7
28   Asset-backed securities (ABSs) issuers           1,660.5   1,703.7
29   Finance companies                                  848.0     878.5
30   Mortgage companies                                  36.2      36.5
31   Real estate investment trusts (REITs)               37.6      37.9
32   Brokers and dealers                                317.7     288.4
33   Funding corporations                               272.4     212.1

              RELATION OF LIABILITIES
                TO FINANCIAL ASSETS

34 Total credit market debt                          27,914.0  28,270.0

   Other liabilities
35 Official foreign exchange                             42.8      43.4
36 Special drawing rights certificates                    2.2       2.2
37 Treasury currency                                     22.9      23.2
38 Foreign deposits                                     883.4     840.8
39 Net interbank liabilities                            160.5     162.5
40 Checkable deposits and currency                    1,405.0   1,449.4
41 Small time and savings deposits                    2,963.3   2,992.4
42 Large time deposits                                1,077.4   1,086.9
43 Money market fund shares                           1,994.7   2,014.8
44 Security repurchase agreements                     1,185.0   1,206.1
45 Mutual fund shares                                 3,990.4   4,259.5
46 Security credit                                      799.3     781.6
47 Life insurance reserves                              823.0     840.3
48 Pension fund reserves                              8,596.9   8,861.9
49 Trade payables                                     2,508.8   2,482.0
50 Taxes payable                                        223.3     222.5
51 Investment in bank personal trusts                   929.1     964.4
52 Miscellaneous                                      9,911.2  10,213.0

53 Total liabilities                                 65,433.3  66,716.8

   Financial assets not included in liabilities (+)
54 Gold and special drawing rights                       21.4      21.5
55 Corporate equities                                15,311.0  16,240.7
56 Household equity in noncorporate business          4,853.5   4,876.4

   Liabilities not identified as assets (-)
57 Treasury currency                                     -9.4      -9.5
58 Foreign deposits                                     684.5     645.9
59 Net interbank transactions                             3.9       5.5
60 Security repurchase agreements                       340.8     365.9
61 Taxes payable                                        111.9     131.7
62 Miscellaneous                                     -3,260.2  -3,208.4

   Floats not included in assets (-)
63 Federal government checkable deposits                 -2.8      -4.8
64 Other checkable deposits                              21.1      25.5
65 Trade credit                                          62.0      27.2

66 Totals identified to sectors as assets            87,667.3  89,876.3

                                                            2001

          Transaction category or sector                Q3        Q4

        CREDIT MARKET DEBT OUTSTANDING (2)

 1 Total credit market assets                        28,831.9  29,472.9

 2 Domestic nonfederal nonfinancial sectors           2,979.6   2,970.3
 3   Household                                        1,915.6   1,886.8
 4   Nonfinancial corporate business                    230.8     236.7
 5   Nonfarm noncorporate business                       64.9      65.4
 6   State and local governments                        768.3     781.4
 7 Federal government                                   269.8     271.6
 8 Rest of the world                                  3,294.7   3,432.6
 9 Financial sectors                                 22,287.8  22,798.5
10   Monetary authority                                 534.1     551.7
11   Commercial banking                               5,101.2   5,207.1
12     U.S.-chartered banks                           4,513.5   4,609.8
13     Foreign banking offices in United States         509.9     511.3
14     Bank holding companies                            21.3      24.7
15     Banks in U.S.-affiliated areas                    56.5      61.4
16   Savings institutions                             1,118.4   1,131.7
17   Credit unions                                      407.8     420.8
18   Bank personal trusts and estates                   247.3     249.5
19   Life insurance companies                         2,044.2   2,070.5
20   Other insurance companies                          511.3     519.5
21   Private pension funds                              728.1     732.8
22   State and local government retirement funds        789.0     790.9
23   Money market mutual funds                        1,498.0   1,536.9
24   Mutual funds                                     1,188.2   1,223.8
25   Closed-end funds                                   105.2     104.7
26   Government-sponsored enterprises                 2,016.0   2,104.9
27   Federally related mortgage pools                 2,758.8   2,830.1
28   Asset-backed securities (ABSs) issuers           1,780.0   1,866.7
29   Finance companies                                  859.4     867.2
30   Mortgage companies                                  36.9      37.2
31   Real estate investment trusts (REITs)               39.8      43.3
32   Brokers and dealers                                366.4     340.1
33   Funding corporations                               157.6     169.1

              RELATION OF LIABILITIES
                TO FINANCIAL ASSETS

34 Total credit market debt                          28,831.9  29,472.9

   Other liabilities
35 Official foreign exchange                             49.0      46.8
36 Special drawing rights certificates                    2.2       2.2
37 Treasury currency                                     23.2      23.2
38 Foreign deposits                                     875.9     908.9
39 Net interbank liabilities                            185.4     214.9
40 Checkable deposits and currency                    1,485.5   1,599.2
41 Small time and savings deposits                    3,047.7   3,125.0
42 Large time deposits                                1,093.9   1,118.9
43 Money market fund shares                           2,116.1   2,240.7
44 Security repurchase agreements                     1,253.6   1,248.3
45 Mutual fund shares                                 3,753.1   4,135.5
46 Security credit                                      920.1     820.2
47 Life insurance reserves                              847.0     871.7
48 Pension fund reserves                              8,298.5   8,682.3
49 Trade payables                                     2,491.4   2,478.9
50 Taxes payable                                        251.4     229.8
51 Investment in bank personal trusts                   859.6     912.0
52 Miscellaneous                                     10,611.l  10,579.8

53 Total liabilities                                 66,996.5  68,711.2

   Financial assets not included in liabilities (+)
54 Gold and special drawing rights                       22.0      21.8
55 Corporate equities                                13,628.2  15,200.7
56 Household equity in noncorporate business          4,918.6   4,866.6

   Liabilities not identified as assets (-)
57 Treasury currency                                     -9.8      -9.8
58 Foreign deposits                                     681.7     699.4
59 Net interbank transactions                             6.0      11.5
60 Security repurchase agreements                       364.9     347.5
61 Taxes payable                                        148.6      99.9
62 Miscellaneous                                     -3,046.6  -3,233.3

   Floats not included in assets (-)
63 Federal government checkable deposits                 -5.9     -14.1
64 Other checkable deposits                              19.2      28.6
65 Trade credit                                          16.4      87.8

66 Totals identified to sectors as assets            87,390.9  90,782.7

                                                       2002

          Transaction category or sector                Q1

        CREDIT MARKET DEBT OUTSTANDING (2)

 1 Total credit market assets                        29,934.9

 2 Domestic nonfederal nonfinancial sectors           3,016.6
 3   Household                                        1,935.2
 4   Nonfinancial corporate business                    223.3
 5   Nonfarm noncorporate business                       66.2
 6   State and local governments                        791.9
 7 Federal government                                   269.7
 8 Rest of the world                                  3,506.1
 9 Financial sectors                                 23,142.6
10   Monetary authority                                 575.4
11   Commercial banking                               5,227.8
12     U.S.-chartered banks                           4,629.3
13     Foreign banking offices in United States         507.8
14     Bank holding companies                            27.7
15     Banks in U.S.-affiliated areas                    63.0
16   Savings institutions                             1,134.9
17   Credit unions                                      433.1
18   Bank personal trusts and estates                   251.0
19   Life insurance companies                         2,107.6
20   Other insurance companies                          528.6
21   Private pension funds                              722.6
22   State and local government retirement funds        810.1
23   Money market mutual funds                        1,496.4
24   Mutual funds                                     1,285.4
25   Closed-end funds                                   104.3
26   Government-sponsored enterprises                 2,161.0
27   Federally related mortgage pools                 2,955.5
28   Asset-backed securities (ABSs) issuers           1,942.8
29   Finance companies                                  829.0
30   Mortgage companies                                  37.6
31   Real estate investment trusts (REITs)               47.5
32   Brokers and dealers                                296.4
33   Funding corporations                               195.7

              RELATION OF LIABILITIES
                TO FINANCIAL ASSETS

34 Total credit market debt                          29,934.9

   Other liabilities
35 Official foreign exchange                             45.7
36 Special drawing rights certificates                    2.2
37 Treasury currency                                     23.2
38 Foreign deposits                                     902.7
39 Net interbank liabilities                            188.8
40 Checkable deposits and currency                    1,565.6
41 Small time and savings deposits                    3,226.0
42 Large time deposits                                1,177.6
43 Money market fund shares                           2,202.6
44 Security repurchase agreements                     1,215.9
45 Mutual fund shares                                 4,245.8
46 Security credit                                      759.6
47 Life insurance reserves                              886.6
48 Pension fund reserves                              8,763.9
49 Trade payables                                     2,477.2
50 Taxes payable                                        243.9
51 Investment in bank personal trusts                   907.8
52 Miscellaneous                                     10,647.5

53 Total liabilities                                 69,417.4

   Financial assets not included in liabilities (+)
54 Gold and special drawing rights                       21.9
55 Corporate equities                                15,222.6
56 Household equity in noncorporate business          4,885.8

   Liabilities not identified as assets (-)
57 Treasury currency                                    -10.0
58 Foreign deposits                                     703.9
59 Net interbank transactions                            20.3
60 Security repurchase agreements                       348.2
61 Taxes payable                                         94.9
62 Miscellaneous                                     -3,208.4

   Floats not included in assets (-)
63 Federal government checkable deposits                 32.4
64 Other checkable deposits                              26.3
65 Trade credit                                          27.2

66 Totals identified to sectors as assets            91,512.8

(1.) Data in this table also appear in the Board's Z.1 (780)
quarterly statistical release, tables L.1 and L.5. For ordering
address, see inside front cover.

(2.) Excludes corporate equities and mutual fund shares.
2.12 OUTPUT, CAPACITY, AND CAPACITY UTILIZATION (1)

Seasonally adjusted

                                                   2001

                 Series                        Q2         Q3

                                            Output (1992=100)

 1 Total industry                            141.3      139.6

 2 Manufacturing                             146.0      144.2

 3   Primary processing (3)                  168.9      167.1
 4   Advanced processing (4)                 133.3      131.5

 5   Durable goods                           181.9      178.3
 6     Lumber and products                   113.2      115.5
 7     Primary metals                        120.5      117.8
 8       Iron and steel                      117.3      115.7
 9       Nonferrous                          124.6      120.6
10     Industrial machinery and equipment    217.0      208.8
11     Electrical machinery                  509.2      485.3
12     Motor vehicles and parts              166.8      169.5
13     Aerospace and miscellaneous
           transportation equipment           99.0       95.9

14   Nondurable goods                        111.5      111.0
15     Textile mill products                  88.0       85.3
16     Paper and products                    108.9      108.5
17     Chemicals and products                119.6      121.1
18       Plastics materials                  116.4      117.4
19     Petroleum products                    115.5      113.2

20 Mining                                    102.9      101.8
21 Utilities                                 120.0      119.1
22   Electric                                123.6      122.2

                                              2001       2002

                 Series                        Q4       Q1 (r)

                                             Output (1992=100)

 1 Total industry                            137.2      138.1

 2 Manufacturing                             141.9      143.0

 3   Primary processing (3)                  164.5      168.0
 4   Advanced processing (4)                 129.3      129.2

 5   Durable goods                           174.1      176.1
 6     Lumber and products                   112.7      112.1
 7     Primary metals                        109.1      111.9
 8       Iron and steel                      104.0      109.0
 9       Nonferrous                          115.3      115.5
10     Industrial machinery and equipment    202.2      205.6
11     Electrical machinery                  485.7      500.1
12     Motor vehicles and parts              165.1      173.8
13     Aerospace and miscellaneous
           transportation equipment           91.2       86.2

14   Nondurable goods                        110.2      110.6
15     Textile mill products                  82.4       84.9
16     Paper and products                    105.8      104.3
17     Chemicals and products                122.4      123.1
18       Plastics materials                  115.6      119.9
19     Petroleum products                    113.7      116.3

20 Mining                                     98.6       96.3
21 Utilities                                 116.9      119.3
22   Electric                                121.1      122.1

                                                   2001

                 Series                        Q2         Q3

                                            Capacity (percent
                                             of 1992 output)

 1 Total industry                            182.6      183.2

 2 Manufacturing                             193.2      193.6

 3   Primary processing (3)                  223.0      223.8
 4   Advanced processing (4)                 176.6      176.9

 5   Durable goods                           246.3      247.5
 6     Lumber and products                   148.5      148.8
 7     Primary metals                        150.8      150.6
 8       Iron and steel                      147.4      146.8
 9       Nonferrous                          155.3      155.6
10     Industrial machinery and equipment    297.3      298.8
11     Electrical machinery                  735.6      745.4
12     Motor vehicles and parts              220.1      221.5
13     Aerospace and miscellaneous
           transportation equipment          135.3      135.2

14   Nondurable goods                        143.0      142.9
15     Textile mill products                 117.4      116.4
16     Paper and products                    138.7      138.8
17     Chemicals and products                158.3      158.5
18       Plastics materials                  152.5      153.0
19     Petroleum products                    122.2      122.4

20 Mining                                    112.0      112.2
21 Utilities                                 136.2      138.1
22   Electric                                135.1      137.4

                                              2001       2002

                 Series                        Q4       Q1 (r)

                                            Capacity (percent
                                             of 1992 output)

 1 Total industry                            183.6      184.1

 2 Manufacturing                             194.0      194.4

 3   Primary processing (3)                  224.5      225.3
 4   Advanced processing (4)                 177.2      177.4

 5   Durable goods                           248.5      249.4
 6     Lumber and products                   149.1      149.3
 7     Primary metals                        150.4      149.4
 8       Iron and steel                      146.2      144.4
 9       Nonferrous                          155.8      155.9
10     Industrial machinery and equipment    299.8      300.4
11     Electrical machinery                  752.5      762.1
12     Motor vehicles and parts              222.9      224.2
13     Aerospace and miscellaneous
           transportation equipment          135.1      135.1

14   Nondurable goods                        142.9      142.9
15     Textile mill products                 115.4      114.4
16     Paper and products                    139.0      139.0
17     Chemicals and products                158.6      158.9
18       Plastics materials                  153.4      153.8
19     Petroleum products                    122.7      122.9

20 Mining                                    112.6      112.9
21 Utilities                                 139.9      141.6
22   Electric                                139.8      141.9

                                                   2001

                 Series                        Q2         Q3

                                            Capacity utilization
                                             rate (percent) (2)

 1 Total industry                             77.4       76.2

 2 Manufacturing                              75.6       74.5

 3   Primary processing (3)                   75.8       74.7
 4   Advanced processing (4)                  75.5       74.3

 5   Durable goods                            73.8       72.0
 6     Lumber and products                    76.2       77.6
 7     Primary metals                         79.9       78.2
 8       Iron and steel                       79.6       78.8
 9       Nonferrous                           80.2       77.5
10     Industrial machinery and equipment     73.0       69.9
11     Electrical machinery                   69.2       65.1
12     Motor vehicles and parts               75.8       76.5
13     Aerospace and miscellaneous
           transportation equipment           73.2       71.0

14   Nondurable goods                         77.9       77.7
15     Textile mill products                  74.9       73.3
16     Paper and products                     78.5       78.1
17     Chemicals and products                 75.6       76.4
18       Plastics materials                   76.3       76.7
19     Petroleum products                     94.5       92.5

20 Mining                                     91.8       90.7
21 Utilities                                  88.1       86.3
22   Electric                                 91.5       88.9

                                              2001       2002

                 Series                        Q4       Q1 (r)

                                            Capacity utilization
                                             rate (percent) (2)

 1 Total industry                             74.7       75.1

 2 Manufacturing                              73.1       73.5

 3   Primary processing (3)                   73.3       74.6
 4   Advanced processing (4)                  73.0       72.8

 5   Durable goods                            70.1       70.6
 6     Lumber and products                    75.6       75.1
 7     Primary metals                         72.6       74.9
 8       Iron and steel                       71.2       75.5
 9       Nonferrous                           74.0       74.1
10     Industrial machinery and equipment     67.5       68.4
11     Electrical machinery                   64.6       65.6
12     Motor vehicles and parts               74.1       77.5
13     Aerospace and miscellaneous
           transportation equipment           67.5       63.8

14   Nondurable goods                         77.1       77.4
15     Textile mill products                  71.5       74.3
16     Paper and products                     76.1       75.0
17     Chemicals and products                 77.2       77.5
18       Plastics materials                   75.4       77.9
19     Petroleum products                     92.7       94.7

20 Mining                                     87.6       85.3
21 Utilities                                  83.6       84.3
22   Electric                                 86.7       86.0

                                              1973       1975

                 Series                       High       Low

                                            Capacity utilization
                                             rate (percent) (2)

 1 Total industry                             89.2       72.6

 2 Manufacturing                              88.5       70.5

 3   Primary processing (3)                   91.8       67.3
 4   Advanced processing (4)                  86.5       72.5

 5   Durable goods                            89.2       68.9
 6     Lumber and products                    88.7       61.2
 7     Primary metals                        100.2       65.9
 8       Iron and steel                      105.8       66.6
 9       Nonferrous                           90.8       59.8
10     Industrial machinery and equipment     96.0       74.3
11     Electrical machinery                   89.2       64.7
12     Motor vehicles and parts               93.4       51.3
13     Aerospace and miscellaneous
           transportation equipment           78.4       67.6

14   Nondurable goods                         87.8       71.7
15     Textile mill products                  91.4       60.0
16     Paper and products                     97.1       69.2
17     Chemicals and products                 87.6       69.7
18       Plastics materials                  102.0       50.6
19     Petroleum products                     96.7       81.1

20 Mining                                     94.3       88.2
21 Utilities                                  96.2       82.9
22   Electric                                 99.0       82.7

                                             Previous cycle (5)

                 Series                       High       Low

                                            Capacity utilization
                                             rate (percent) (2)

 1 Total industry                             87.3       71.1

 2 Manufacturing                              86.9       69.0

 3   Primary processing (3)                   88.6       65.7
 4   Advanced processing (4)                  86.3       71.0

 5   Durable goods                            87.7       63.9
 6     Lumber and products                    87.9       60.8
 7     Primary metals                         94.2       45.1
 8       Iron and steel                       95.8       37.0
 9       Nonferrous                           91.1       60.1
10     Industrial machinery and equipment     93.2       64.0
11     Electrical machinery                   89.4       71.6
12     Motor vehicles and parts               95.0       45.5
13     Aerospace and miscellaneous
           transportation equipment           81.9       66.6

14   Nondurable goods                         87.5       76.4
15     Textile mill products                  91.2       72.3
16     Paper and products                     96.1       80.6
17     Chemicals and products                 84.6       69.9
18       Plastics materials                   90.9       63.4
19     Petroleum products                     90.0       66.8

20 Mining                                     96.0       80.3
21 Utilities                                  89.1       75.9
22   Electric                                 88.2       78.9

                                             Latest cycle (6)

                 Series                       High       Low

                                            Capacity utilization
                                             rate (percent) (2)

 1 Total industry                             85.4       78.1

 2 Manufacturing                              85.7       76.6

 3   Primary processing (3)                   88.3       76.7
 4   Advanced processing (4)                  84.2       76.6

 5   Durable goods                            84.6       73.1
 6     Lumber and products                    93.6       75.5
 7     Primary metals                         92.7       73.7
 8       Iron and steel                       95.2       71.8
 9       Nonferrous                           89.3       74.2
10     Industrial machinery and equipment     85.4       72.3
11     Electrical machinery                   84.0       75.0
12     Motor vehicles and parts               89.1       55.9
13     Aerospace and miscellaneous
           transportation equipment           87.3       79.2

14   Nondurable goods                         87.3       80.7
15     Textile mill products                  90.4       77.7
16     Paper and products                     93.5       85.0
17     Chemicals and products                 86.2       79.3
18       Plastics materials                   97.0       74.8
19     Petroleum products                     88.5       85.1

20 Mining                                     88.0       87.0
21 Utilities                                  92.6       83.4
22   Electric                                 95.0       87.1

                                              2001       2001

                 Series                       May        Dec.

                                            Capacity utilization
                                             rate (percent) (2)

 1 Total industry                             77.5       74.4

 2 Manufacturing                              75.8       72.9

 3   Primary processing (3)                   75.9       72.7
 4   Advanced processing (4)                  75.6       73.0

 5   Durable goods                            74.2       70.0
 6     Lumber and products                    76.5       75.7
 7     Primary metals                         80.1       68.9
 8       Iron and steel                       80.3       64.8
 9       Nonferrous                           79.8       73.3
10     Industrial machinery and equipment     73.0       66.8
11     Electrical machinery                   69.5       64.5
12     Motor vehicles and parts               77.1       77.0
13     Aerospace and miscellaneous
           transportation equipment           73.1       65.8

14   Nondurable goods                         77.9       76.8
15     Textile mill products                  73.9       71.7
16     Paper and products                     78.4       74.1
17     Chemicals and products                 75.7       76.6
18       Plastics materials                   76.5       72.9
19     Petroleum products                     94.5       91.4

20 Mining                                     91.9       86.4
21 Utilities                                  87.9       82.0
22   Electric                                 90.9       84.8

                                                   2002

                 Series                       Jan.     Feb. (r)

                                            Capacity utilization
                                             rate (percent) (2)

 1 Total industry                             74.8       75.0

 2 Manufacturing                              73.4       73.5

 3   Primary processing (3)                   74.0       74.6
 4   Advanced processing (4)                  72.9       72.7

 5   Durable goods                            70.5       70.6
 6     Lumber and products                    75.6       74.4
 7     Primary metals                         74.2       74.8
 8       Iron and steel                       73.7       76.6
 9       Nonferrous                           74.7       72.8
10     Industrial machinery and equipment     68.1       68.4
11     Electrical machinery                   65.1       65.7
12     Motor vehicles and parts               76.8       77.8
13     Aerospace and miscellaneous
           transportation equipment           64.7       63.9

14   Nondurable goods                         77.2       77.3
15     Textile mill products                  72.0       74.4
16     Paper and products                     75.6       74.4
17     Chemicals and products                 77.5       77.4
18       Plastics materials                   75.3       78.2
19     Petroleum products                     93.5       95.4

20 Mining                                     85.9       85.6
21 Utilities                                  82.1       84.9
22   Electric                                 84.8       85.9

                                                   2002

                 Series                     Mar. (r)   Apr. (r)

                                            Capacity utilization
                                             rate (percent) (2)

 1 Total industry                             75.3       75.4

 2 Manufacturing                              73.8       73.8

 3   Primary processing (3)                   75.1       75.4
 4   Advanced processing (4)                  72.9       72.8

 5   Durable goods                            70.8       70.9
 6     Lumber and products                    75.2       75.0
 7     Primary metals                         75.6       75.8
 8       Iron and steel                       76.2       77.5
 9       Nonferrous                           74.7       73.9
10     Industrial machinery and equipment     68.9       68.9
11     Electrical machinery                   66.0       66.0
12     Motor vehicles and parts               78.0       79.6
13     Aerospace and miscellaneous
           transportation equipment           62.8       61.9

14   Nondurable goods                         77.7       77.6
15     Textile mill products                  76.4       76.4
16     Paper and products                     75.0       75.7
17     Chemicals and products                 77.5       77.2
18       Plastics materials                   80.3       79.0
19     Petroleum products                     95.1       94.9

20 Mining                                     84.5       85.3
21 Utilities                                  85.9       86.4
22   Electric                                 87.4       88.4

                                              2002

                 Series                            May (p)

                                            Capacity utilization
                                             rate (percent) (2)

 1 Total industry                                   75.5

 2 Manufacturing                                    73.9

 3   Primary processing (3)                         75.6
 4   Advanced processing (4)                        72.8

 5   Durable goods                                  71.0
 6     Lumber and products                          75.3
 7     Primary metals                               76.2
 8       Iron and steel                             77.8
 9       Nonferrous                                 74.3
10     Industrial machinery and equipment           69.9
11     Electrical machinery                         66.5
12     Motor vehicles and parts                     78.7
13     Aerospace and miscellaneous
           transportation equipment                 60.6

14   Nondurable goods                               77.8
15     Textile mill products                        76.9
16     Paper and products                           76.1
17     Chemicals and products                       77.3
18       Plastics materials                         78.6
19     Petroleum products                           94.4

20 Mining                                           86.0
21 Utilities                                        85.3
22   Electric                                       86.6

(1.) Data in this table also appear in the Board's G.17 (419)
monthly statistical release. The data are also available on the
Board's web site, http://www.federalreserve.gov/releases/g17.
The latest historical revision of the industrial production index
and the capacity utilization rates was released in November 2001.
The recent annual revision is described in the March 2002 issue of
the Bulletin. For a description of the methods of estimating
industrial production and capacity utilization, see "Industrial
Production and Capacity Utilization: Historical Revision and Recent
Developments," Federal Reserve Bulletin, vol. 83 (February 1997),
pp, 67-92, and the references cited therein. For details about the
construction of individual industrial production series, see
"Industrial Production: 1989 Developments and Historical Revision,"
Federal Reserve Bulletin, vol. 76 (April 1990), pp. 187-204.

(2.) Capacity utilization is calculated as the ratio of the Federal
Reserve's seasonally adjusted index of industrial production to the
corresponding index of capacity.

(3.) Primary processing includes textiles: lumber; paper; industrial
chemicals; synthetic materials; fertilizer materials; petroleum
products; rubber and plastics; stone, clay, and glass; primary metals;
fabricated metals; semiconductors and related electronic components;
and motor vehicle parts.

(4.) Advanced processing includes foods, tobacco, apparel, furniture
and fixtures, printing and publishing, chemical products such as drugs
and toiletries, agricultural chemicals, leather and products, machinery
except semiconductors and related electronic components, transportation
equipment except motor vehicle parts, instruments, and miscellaneous
manufacturing.

(5.) Monthly highs, 1978-80; monthly lows, 1982.

(6.) Monthly highs, 1988-89; monthly lows, 1990-91.
2.13 INDUSTRIAL PRODUCTION Indexes and Gross Value (1)

Monthly data seasonally adjusted

                                                              1992
                                                              pro-
                                                    SIC       por-
                     Group                       code (2)     tion

                 MAJOR MARKETS

  1 Total index                                               100.0

  2 Products                                                   60.8
  3   Final products                                           46.3
  4     Consumer goods, total                                  29.0
  5       Durable consumer goods                                5.8
  6         Automotive products                                 2.5
  7           Autos and trucks                                  1.6
  8             Autos, consumer                                 0.9
  9             Trucks, consumer                                0.7
 10           Auto parts and allied goods                       0.9
 11         Other                                               3.3
 12            Appliances, televisions, and air
                   conditioners                                 0.9
 13            Carpeting and furniture                          0.8
 14            Miscellaneous home goods                         1.6
 15       Nondurable consumer goods                            23.2
 16         Foods and tobacco                                  10.4
 17         Clothing                                            2.4
 18         Chemical products                                   4.6
 19         Paper products                                      2.9
 20         Energy                                              3.0
 21           Fuels                                             0.8
 22           Residential utilities                             2.1

 23   Equipment                                                17.3
 24     Business equipment                                     13.2
 25       Information processing                                5.4
 26         Computer and office equipment                       1.1
 27       Industrial                                            4.0
 28       Transit                                               2.5
 29         Autos and trucks                                    1.2
 30       Other                                                 1.3
 31     Defense and space equipment                             3.4
 32     Oil and gas well drilling                               0.6
 33     Manufactured homes                                      0.2

 34   Intermediate products, total                             14.5
 35     Construction supplies                                   5.4
 36     Business supplies                                       9.1

 37 Materials                                                  39.2
 38   Durable goods materials                                  20.7
 39     Durable consumer parts                                  4.0
 40     Equipment parts                                         7.5
 41     Other                                                   9.2
 42       Basic metal materials                                 3.1
 43   Nondurable goods materials                                8.9
 44     Textile materials                                       1.1
 45     Paper materials                                         1.8
 46     Chemical materials                                      4.0
 47     Other                                                   2.1
 48   Energy materials                                          9.6
 49     Primary energy                                          6.2
 50     Converted fuel materials                                3.4

              SPECIAL AGGREGATES

 51 Total excluding autos and trucks                           97.3
 52 Total excluding motor vehicles and parts                   95.3
 53 Total excluding computer and office
        equipment                                              98.4
 54 Consumer goods excluding autos and trucks                  27.5
 55 Consumer goods excluding energy                            26.1
 56 Business equipment excluding autos and
        trucks                                                 12.0
 57 Business equipment excluding computer and
        office equipment                                       12.0
 58 Materials excluding energy                                 29.6

               MAJOR INDUSTRIES

 59 Total index                                        ...    100.0

 60 Manufacturing                                      ...     85.4
 61   Primary processing                               ...     31.0
 62   Advanced processing                              ...     54.4

 63   Durable goods                                    ...     44.8
 64     Lumber and products                             24      2.1
 65     Furniture and fixtures                          25      1.4
 66     Stone, clay, and glass
            products                                    32      2.1
 67     Primary metals                                  33      3.1
 68       Iron and steel                             331,2      1.8
 69         Raw steel                                331PT      0.1
 70       Nonferrous                               333-6,9      1.4
 71     Fabricated metal products                       34      5.0
 72     Industrial machinery and
            equipment                                   35      7.8
 73     Computer and office
            equipment                                  357      1.6
 74     Electrical machinery                            36      7.1
 75     Transportation equipment                        37      9.4
 76       Motor vehicles and parts                     371      4.7
 77         Autos and light trucks                   371PT      2.5
 78       Aerospace and
              miscellaneous
              transportation
              equipment                            372-6,9      4.7
 79     Instruments                                     38      5.4
 80     Miscellaneous                                   39      1.3

 81   Nondurable goods                                 ...     40.6
 82     Foods                                           20      9.6
 83     Tobacco products                                21      1.6
 84     Textile mill products                           22      1.8
 85     Apparel products                                23      2.2
 86     Paper and products                              26      3.5
 87     Printing and publishing                         27      6.8
 88     Chemicals and products                          28     10.0
 89     Petroleum products                              29      1.4
 90     Rubber and plastics                             30      3.5
 91     Leather and products                            31      0.3

 92 Mining                                             ...      6.8
 93   Metal                                             10      0.4
 94   Coal                                              12      1.0
 95   Oil and gas extraction                            13      4.8
 96   Stone and earth minerals                          14      0.6

 97 Utilities                                          ...      7.8
 98   Electric                                     491,3PT      6.2
 99   Gas                                          492,3PT      1.6

              SPECIAL AGGREGATES

100 Manufacturing excluding motor
       vehicles and parts                              ...     80.7
101 Manufacturing excluding
       computers and office
       equipment                                       ...     83.8
102 Computers, communications
       equipment, and
       semiconductors                                  ...      5.6
103 Manufacturing excluding
       computers and
       semiconductors                                  ...     81.3
104 Manufacturing excluding
       computers, communications
       equipment, and
       semiconductors                                  ...     79.8

                                                 Gross value (billions
                                                    of 1996 dollars,
                                                     annual rates)

                 MAJOR MARKETS

105 Products, total                                    ...    100.0

106 Final                                              ...     77.2
107   Consumer goods                                   ...     51.9
108   Equipment                                        ...     25.3

109 Intermediate                                       ...     22.8

                                                              2001

                                                   2001
                     Group                         avg.        May

                                                  Index (1992=100)

                 MAJOR MARKETS

  1 Total index                                    140.1      141.6

  2 Products                                       129.4      130.9
  3   Final products                               132.0      133.9
  4     Consumer goods, total                      120.7      121.4
  5       Durable consumer goods                   151.3      154.2
  6         Automotive products                    149.9      152.8
  7           Autos and trucks                     160.5      165.7
  8             Autos, consumer                     94.0       97.9
  9             Trucks, consumer                   231.4      237.9
 10           Auto parts and allied goods          133.5      132.5
 11         Other                                  151.5      154.5
 12            Appliances, televisions, and air
                   conditioners                    283.2      292.1
 13            Carpeting and furniture             119.1      117.7
 14            Miscellaneous home goods            114.2      117.7
 15       Nondurable consumer goods                113.3      113.6
 16         Foods and tobacco                      108.8      108.6
 17         Clothing                                78.3       80.6
 18         Chemical products                      145.0      145.2
 19         Paper products                         105.5      106.7
 20         Energy                                 117.4      116.9
 21           Fuels                                114.2      115.6
 22           Residential utilities                119.2      117.2

 23   Equipment                                    152.3      156.5
 24     Business equipment                         175.9      181.3
 25       Information processing                   279.5      286.8
 26         Computer and office equipment          948.2      950.6
 27       Industrial                               125.1      129.0
 28       Transit                                  127.6      134.5
 29         Autos and trucks                       145.8      152.5
 30       Other                                    139.1      139.1
 31     Defense and space equipment                 74.0       73.5
 32     Oil and gas well drilling                  140.2      151.9
 33     Manufactured homes                          93.7       91.7

 34   Intermediate products, total                 121.4      122.2
 35     Construction supplies                      137.6      138.7
 36     Business supplies                          111.9      112.4

 37 Materials                                      158.0      159.4
 38   Durable goods materials                      212.7      216.2
 39     Durable consumer parts                     155.8      159.6
 40     Equipment parts                            441.8      446.5
 41     Other                                      125.2      127.5
 42       Basic metal materials                    113.7      116.7
 43   Nondurable goods materials                   104.2      103.0
 44     Textile materials                           90.8       90.9
 45     Paper materials                            108.6      108.3
 46     Chemical materials                         102.8      100.5
 47     Other                                      109.8      109.4
 48   Energy materials                             103.3      103.8
 49     Primary energy                              98.8       99.0
 50     Converted fuel materials                   111.7      113.1

              SPECIAL AGGREGATES

 51 Total excluding autos and trucks               139.8      141.1
 52 Total excluding motor vehicles and parts       139.0      140.2
 53 Total excluding computer and office
        equipment                                  134.2      135.7
 54 Consumer goods excluding autos and trucks      118.5      119.0
 55 Consumer goods excluding energy                121.1      122.0
 56 Business equipment excluding autos and
        trucks                                     179.7      184.9
 57 Business equipment excluding computer and
        office equipment                           146.8      151.7
 58 Materials excluding energy                     175.7      177.4

               MAJOR INDUSTRIES

 59 Total index                                    140.1      141.6

 60 Manufacturing                                  144.8      146.4
 61   Primary processing                           167.9      169.4
 62   Advanced processing                          132.0      133.6

 63   Durable goods                                179.3      182.7
 64     Lumber and products                        113.0      113.7
 65     Furniture and fixtures                     138.7      140.4
 66     Stone, clay, and glass
            products                               130.8      133.0
 67     Primary metals                             116.9      120.8
 68       Iron and steel                           112.6      118.4
 69         Raw steel                              102.8      106.2
 70       Nonferrous                               122.3      124.0
 71     Fabricated metal products                  130.4      131.0
 72     Industrial machinery and
            equipment                              213.3      217.0
 73     Computer and office
            equipment                            1,088.0    1,095.1
 74     Electrical machinery                       504.2      511.4
 75     Transportation equipment                   128.5      133.2
 76       Motor vehicles and parts                 162.9      169.7
 77         Autos and light trucks                 154.1      159.5
 78       Aerospace and
              miscellaneous
              transportation
              equipment                             96.3       98.9
 79     Instruments                                115.3      116.8
 80     Miscellaneous                              117.5      119.0

 81   Nondurable goods                             111.4      111.5
 82     Foods                                      112.9      112.8
 83     Tobacco products                            93.8       92.9
 84     Textile mill products                       86.7       86.7
 85     Apparel products                            93.1       96.5
 86     Paper and products                         108.1      108.8
 87     Printing and publishing                    101.6      102.3
 88     Chemicals and products                     121.1      119.9
 89     Petroleum products                         114.3      115.6
 90     Rubber and plastics                        136.8      137.1
 91     Leather and products                        63.1       63.6

 92 Mining                                         101.3      103.0
 93   Metal                                         88.4       91.3
 94   Coal                                         111.7      113.9
 95   Oil and gas extraction                        96.1       97.4
 96   Stone and earth minerals                     132.6      137.1

 97 Utilities                                      119.8      119.7
 98   Electric                                     123.1      122.8
 99   Gas                                          109.1      107.8

              SPECIAL AGGREGATES

100 Manufacturing excluding motor
       vehicles and parts                          143.9      145.1
101 Manufacturing excluding
       computers and office
       equipment                                   138.0      139.5
102 Computers, communications
       equipment, and
       semiconductors                            1,048.5    1,065.4
103 Manufacturing excluding
       computers and
       semiconductors                              121.2      122.6
104 Manufacturing excluding
       computers, communications
       equipment, and
       semiconductors                              118.2      119.4

                                                 Gross value (billions
                                                    of 1996 dollars,
                                                     annual rates)

                 MAJOR MARKETS

105 Products, total                              2,720.1    2,759.1

106 Final                                        2,101.5    2,133.0
107   Consumer goods                             1,303.7    1,312.4
108   Equipment                                    797.4      823.3

109 Intermediate                                   618.9      626.3

                                                        2001

                     Group                         June       July

                                                   Index (1992=100)

                 MAJOR MARKETS

  1 Total index                                    140.3      140.4

  2 Products                                       130.0      130.3
  3   Final products                               132.9      133.2
  4     Consumer goods, total                      121.1      122.2
  5       Durable consumer goods                   153.2      157.0
  6         Automotive products                    152.3      161.1
  7           Autos and trucks                     163.4      178.3
  8             Autos, consumer                     97.2       97.5
  9             Trucks, consumer                   234.0      264.3
 10           Auto parts and allied goods          135.1      133.9
 11         Other                                  152.9      151.0
 12            Appliances, televisions, and air
                   conditioners                    285.0      271.7
 13            Carpeting and furniture             118.6      116.2
 14            Miscellaneous home goods            116.2      117.7
 15       Nondurable consumer goods                113.4      113.9
 16         Foods and tobacco                      108.9      109.3
 17         Clothing                                78.2       79.0
 18         Chemical products                      145.7      147.5
 19         Paper products                         106.6      106.0
 20         Energy                                 115.8      116.0
 21           Fuels                                115.2      114.3
 22           Residential utilities                115.8      116.5

 23   Equipment                                    154.1      152.7
 24     Business equipment                         177.8      176.1
 25       Information processing                   279.6      275.2
 26         Computer and office equipment          948.7      934.2
 27       Industrial                               125.2      123.1
 28       Transit                                  133.1      133.8
 29         Autos and trucks                       150.5      157.1
 30       Other                                    140.7      140.8
 31     Defense and space equipment                 73.4       73.6
 32     Oil and gas well drilling                  150.4      147.1
 33     Manufactured homes                          96.0       95.4

 34   Intermediate products, total                 121.4      121.4
 35     Construction supplies                      138.0      137.3
 36     Business supplies                          111.6      112.0

 37 Materials                                      157.4      157.2
 38   Durable goods materials                      212.9      212.6
 39     Durable consumer parts                     157.7      160.2
 40     Equipment parts                            436.1      429.9
 41     Other                                      126.2      126.4
 42       Basic metal materials                    115.5      115.7
 43   Nondurable goods materials                   102.2      102.7
 44     Textile materials                           90.8       87.6
 45     Paper materials                            104.8      107.7
 46     Chemical materials                         100.3      100.9
 47     Other                                      109.3      109.7
 48   Energy materials                             103.1      102.3
 49     Primary energy                              99.5       98.5
 50     Converted fuel materials                   109.1      109.0

              SPECIAL AGGREGATES

 51 Total excluding autos and trucks               139.9      139.5
 52 Total excluding motor vehicles and parts       139.0      138.7
 53 Total excluding computer and office
        equipment                                  134.4      134.6
 54 Consumer goods excluding autos and trucks      118.8      119.1
 55 Consumer goods excluding energy                121.8      122.9
 56 Business equipment excluding autos and
        trucks                                     181.3      178.4
 57 Business equipment excluding computer and
        office equipment                           148.5      147.2
 58 Materials excluding energy                     175.0      175.0

               MAJOR INDUSTRIES

 59 Total index                                    140.3      140.4

 60 Manufacturing                                  145.0      145.2
 61   Primary processing                           167.3      167.4
 62   Advanced processing                          132.5      132.9

 63   Durable goods                                180.1      180.0
 64     Lumber and products                        114.2      114.0
 65     Furniture and fixtures                     138.3      138.4
 66     Stone, clay, and glass
            products                               130.0      130.0
 67     Primary metals                             119.5      119.5
 68       Iron and steel                           117.7      118.8
 69         Raw steel                              107.8      108.3
 70       Nonferrous                               122.0      120.8
 71     Fabricated metal products                  129.5      131.1
 72     Industrial machinery and
            equipment                              213.8      210.2
 73     Computer and office
            equipment                            1,095.4    1,074.6
 74     Electrical machinery                       497.6      485.9
 75     Transportation equipment                   131.9      134.6
 76       Motor vehicles and parts                 167.7      174.6
 77         Autos and light trucks                 157.2      170.2
 78       Aerospace and
              miscellaneous
              transportation
              equipment                             98.3       97.1
 79     Instruments                                114.5      115.0
 80     Miscellaneous                              119.8      120.7

 81   Nondurable goods                             111.1      111.5
 82     Foods                                      112.9      113.1
 83     Tobacco products                            93.8       95.0
 84     Textile mill products                       86.8       84.3
 85     Apparel products                            94.0       95.1
 86     Paper and products                         107.1      108.1
 87     Printing and publishing                    101.3      101.1
 88     Chemicals and products                     119.5      121.2
 89     Petroleum products                         115.5      114.6
 90     Rubber and plastics                        137.7      138.0
 91     Leather and products                        62.2       62.1

 92 Mining                                         102.5      101.9
 93   Metal                                         88.6       88.8
 94   Coal                                         115.9      111.9
 95   Oil and gas extraction                        97.0       97.0
 96   Stone and earth minerals                     133.7      130.6

 97 Utilities                                      119.1      118.2
 98   Electric                                     122.9      121.0
 99   Gas                                          105.2      107.4

              SPECIAL AGGREGATES

100 Manufacturing excluding motor
       vehicles and parts                          143.7      143.5
101 Manufacturing excluding
       computers and office
       equipment                                   138.1      138.4
102 Computers, communications
       equipment, and
       semiconductors                            1,036.7    1,006.7
103 Manufacturing excluding
       computers and
       semiconductors                              121.5      122.0
104 Manufacturing excluding
       computers, communications
       equipment, and
       semiconductors                              118.5      119.0

                                                 Gross value (billions
                                                    of 1996 dollars,
                                                     annual rates)

                 MAJOR MARKETS

105 Products, total                              2,741.6    2,753.0

106 Final                                        2,118.1    2,129.7
107   Consumer goods                             1,307.9    1,322.5
108   Equipment                                    811.6      806.5

109 Intermediate                                   623.7      623.5

                                                        2001

                     Group                         Aug.       Sept.

                                                   Index (1992=100)

                 MAJOR MARKETS

  1 Total index                                    140.0      138.5

  2 Products                                       129.4      127.7
  3   Final products                               132.0      130.0
  4     Consumer goods, total                      121.4      119.9
  5       Durable consumer goods                   154.1      151.8
  6         Automotive products                    155.6      152.5
  7           Autos and trucks                     169.1      163.9
  8             Autos, consumer                     90.6       92.7
  9             Trucks, consumer                   252.6      239.8
 10           Auto parts and allied goods          134.5      134.8
 11         Other                                  151.0      149.8
 12            Appliances, televisions, and air
                   conditioners                    289.5      288.2
 13            Carpeting and furniture             117.6      118.5
 14            Miscellaneous home goods            112.7      110.5
 15       Nondurable consumer goods                113.6      112.3
 16         Foods and tobacco                      108.7      107.7
 17         Clothing                                76.4       74.8
 18         Chemical products                      146.7      145.9
 19         Paper products                         105.7      105.1
 20         Energy                                 117.8      114.8
 21           Fuels                                112.2      113.9
 22           Residential utilities                120.5      115.0

 23   Equipment                                    150.5      147.1
 24     Business equipment                         173.3      168.4
 25       Information processing                   271.9      266.0
 26         Computer and office equipment          925.5      903.0
 27       Industrial                               122.2      119.6
 28       Transit                                  128.7      124.6
 29         Autos and trucks                       149.6      143.6
 30       Other                                    139.8      131.7
 31     Defense and space equipment                 73.5       73.8
 32     Oil and gas well drilling                  143.1      140.4
 33     Manufactured homes                         97.9       102.9

 34   Intermediate products, total                 121.6      120.7
 35     Construction supplies                      138.8      138.1
 36     Business supplies                          111.3      110.4

 37 Materials                                      157.6      156.5
 38   Durable goods materials                      212.0      209.4
 39     Durable consumer parts                     160.8      155.3
 40     Equipment parts                            429.6      430.4
 41     Other                                      125.4      123.8
 42       Basic metal materials                    113.6      113.3
 43   Nondurable goods materials                   104.0      104.2
 44     Textile materials                           90.1       89.0
 45     Paper materials                            109.5      110.5
 46     Chemical materials                         102.2      102.1
 47     Other                                      109.8      110.2
 48   Energy materials                             103.0      103.1
 49     Primary energy                              98.4       99.4
 50     Converted fuel materials                   111.4      109.3

              SPECIAL AGGREGATES

 51 Total excluding autos and trucks               139.4      138.0
 52 Total excluding motor vehicles and parts       138.5      137.2
 53 Total excluding computer and office
        equipment                                  134.1      132.8
 54 Consumer goods excluding autos and trucks      118.8      117.6
 55 Consumer goods excluding energy                121.8      120.6
 56 Business equipment excluding autos and
        trucks                                     176.2      171.5
 57 Business equipment excluding computer and
        office equipment                           144.7      140.6
 58 Materials excluding energy                     175.2      173.7

               MAJOR INDUSTRIES

 59 Total index                                    140.0      138.5

 60 Manufacturing                                  144.5      142.9
 61   Primary processing                           167.3      166.6
 62   Advanced processing                          131.7      129.8

 63   Durable goods                                178.9      176.1
 64     Lumber and products                        116.2      116.4
 65     Furniture and fixtures                     138.7      135.1
 66     Stone, clay, and glass
            products                               130.8      129.9
 67     Primary metals                             117.5      116.4
 68       Iron and steel                           115.7      112.7
 69         Raw steel                              106.2      105.8
 70       Nonferrous                               119.9      121.2
 71     Fabricated metal products                  131.0      128.7
 72     Industrial machinery and
            equipment                              211.0      205.1
 73     Computer and office
            equipment                            1,064.8    1,035.7
 74     Electrical machinery                       485.5      484.6
 75     Transportation equipment                   131.6      128.5
 76       Motor vehicles and parts                 169.9      164.2
 77         Autos and light trucks                 160.9      156.6
 78       Aerospace and
              miscellaneous
              transportation
              equipment                             95.7       95.0
 79     Instruments                                113.9      112.8
 80     Miscellaneous                              116.7      114.5

 81   Nondurable goods                             111.1      110.5
 82     Foods                                      113.0      111.7
 83     Tobacco products                            93.2       92.7
 84     Textile mill products                       85.8       85.9
 85     Apparel products                            91.2       89.4
 86     Paper and products                         107.7      109.7
 87     Printing and publishing                    100.7       99.7
 88     Chemicals and products                     121.2      121.0
 89     Petroleum products                         112.9      112.1
 90     Rubber and plastics                        137.3      136.5
 91     Leather and products                        62.8       61.4

 92 Mining                                         101.4      102.1
 93   Metal                                         87.9       91.2
 94   Coal                                         111.7      111.7
 95   Oil and gas extraction                        96.3       97.0
 96   Stone and earth minerals                     132.2      131.2

 97 Utilities                                      121.1      118.1
 98   Electric                                     124.5      121.0
 99   Gas                                          108.1      106.9

              SPECIAL AGGREGATES

100 Manufacturing excluding motor
       vehicles and parts                          143.0      141.7
101 Manufacturing excluding
       computers and office
       equipment                                   137.7      136.2
102 Computers, communications
       equipment, and
       semiconductors                              999.5      994.8
103 Manufacturing excluding
       computers and
       semiconductors                              121.3      119.9
104 Manufacturing excluding
       computers, communications
       equipment, and
       semiconductors                              118.4      117.0

                                                 Gross value (billions
                                                    of 1996 dollars,
                                                     annual rates)

                 MAJOR MARKETS

105 Products, total                              2,732.0    2,694.5

106 Final                                        2,107.0    2,075.1
107   Consumer goods                             1,312.1    1,298.5
108   Equipment                                    793.3      773.1

109 Intermediate                                   625.0      619.4

                                                        2001

                     Group                         Oct.       Nov.

                                                   Index (1992=100)

                 MAJOR MARKETS

  1 Total index                                    137.7      137.2

  2 Products                                       126.8      126.7
  3   Final products                               129.2      129.4
  4     Consumer goods, total                      119.6      120.0
  5       Durable consumer goods                   146.2      152.1
  6         Automotive products                    145.4      155.4
  7           Autos and trucks                     154.5      170.7
  8             Autos, consumer                     86.9       94.8
  9             Trucks, consumer                   226.5      251.5
 10           Auto parts and allied goods          131.3      131.3
 11         Other                                  145.9      146.9
 12            Appliances, televisions, and air
                   conditioners                    271.9      280.1
 13            Carpeting and furniture             116.4      119.2
 14            Miscellaneous home goods            109.2      107.5
 15       Nondurable consumer goods                113.1      112.3
 16         Foods and tobacco                      108.2      108.6
 17         Clothing                                74.4       73.2
 18         Chemical products                      148.5      148.0
 19         Paper products                         103.9      102.1
 20         Energy                                 116.9      113.4
 21           Fuels                                116.1      115.2
 22           Residential utilities                117.0      112.0

 23   Equipment                                    145.4      145.0
 24     Business equipment                         166.9      167.2
 25       Information processing                   267.9      269.1
 26         Computer and office equipment          913.2      927.8
 27       Industrial                               119.4      118.3
 28       Transit                                  119.2      118.6
 29         Autos and trucks                       136.2      143.6
 30       Other                                    129.2      134.2
 31     Defense and space equipment                 74.2       74.3
 32     Oil and gas well drilling                  127.2      114.4
 33     Manufactured homes                         100.2       99.5

 34   Intermediate products, total                 119.6      118.9
 35     Construction supplies                      134.6      134.0
 36     Business supplies                          110.7      109.8

 37 Materials                                      155.9      154.8
 38   Durable goods materials                      207.9      206.5
 39     Durable consumer parts                     152.3      155.0
 40     Equipment parts                            431.7      427.9
 41     Other                                      122.5      120.5
 42       Basic metal materials                    111.0      106.7
 43   Nondurable goods materials                   104.7      103.1
 44     Textile materials                           87.2       84.7
 45     Paper materials                            112.4      106.9
 46     Chemical materials                         103.5      102.2
 47     Other                                      108.8      110.4
 48   Energy materials                             102.6      102.6
 49     Primary energy                              98.2       98.8
 50     Converted fuel materials                   110.9      109.1

              SPECIAL AGGREGATES

 51 Total excluding autos and trucks               137.5      136.6
 52 Total excluding motor vehicles and parts       136.8      135.8
 53 Total excluding computer and office
        equipment                                  132.0      131.5
 54 Consumer goods excluding autos and trucks      117.8      117.2
 55 Consumer goods excluding energy                119.9      120.8
 56 Business equipment excluding autos and
        trucks                                     170.8      170.1
 57 Business equipment excluding computer and
        office equipment                           139.0      139.1
 58 Materials excluding energy                     173.0      171.5

               MAJOR INDUSTRIES

 59 Total index                                    137.7      137.2

 60 Manufacturing                                  142.1      142.0
 61   Primary processing                           165.6      164.4
 62   Advanced processing                          129.1      129.5

 63   Durable goods                                173.9      174.3
 64     Lumber and products                        112.8      112.4
 65     Furniture and fixtures                     133.5      134.8
 66     Stone, clay, and glass
            products                               130.3      128.8
 67     Primary metals                             113.6      110.2
 68       Iron and steel                           110.4      107.1
 69         Raw steel                               99.5       95.1
 70       Nonferrous                               117.6      114.1
 71     Fabricated metal products                  127.5      127.2
 72     Industrial machinery and
            equipment                              202.8      203.4
 73     Computer and office
            equipment                            1,049.1    1,067.2
 74     Electrical machinery                       484.8      485.1
 75     Transportation equipment                   124.6      127.2
 76       Motor vehicles and parts                 157.3      165.9
 77         Autos and light trucks                 147.4      162.7
 78       Aerospace and
              miscellaneous
              transportation
              equipment                             93.8       91.0
 79     Instruments                                113.6      113.7
 80     Miscellaneous                              113.6      110.7

 81   Nondurable goods                             110.8      110.2
 82     Foods                                      112.2      113.0
 83     Tobacco products                            92.8       92.7
 84     Textile mill products                       83.0       81.9
 85     Apparel products                            87.8       87.3
 86     Paper and products                         108.1      106.2
 87     Printing and publishing                     99.8       98.9
 88     Chemicals and products                     123.2      122.4
 89     Petroleum products                         114.9      114.0
 90     Rubber and plastics                        134.4      133.4
 91     Leather and products                        60.0       59.2

 92 Mining                                          99.5       99.0
 93   Metal                                         85.6       80.0
 94   Coal                                         106.5      106.6
 95   Oil and gas extraction                        94.8       94.5
 96   Stone and earth minerals                     129.6      129.5

 97 Utilities                                      119.4      116.2
 98   Electric                                     122.3      121.8
 99   Gas                                          108.0       96.2

              SPECIAL AGGREGATES

100 Manufacturing excluding motor
       vehicles and parts                          141.3      140.6
101 Manufacturing excluding
       computers and office
       equipment                                   135.4      135.3
102 Computers, communications
       equipment, and
       semiconductors                            1,002.4    1,002.5
103 Manufacturing excluding
       computers and
       semiconductors                              119.1      118.9
104 Manufacturing excluding
       computers, communications
       equipment, and
       semiconductors                              116.3      116.1

                                                 Gross value (billions
                                                    of 1996 dollars,
                                                     annual rates)

                 MAJOR MARKETS

105 Products, total                              2,669.6    2,679.2

106 Final                                        2,056.7    2,070.6
107   Consumer goods                             1,291.1    1,301.9
108   Equipment                                    761.0      763.5

109 Intermediate                                   612.9      608.8

                                                   2001       2002

                     Group                         Dec.       Jan.

                                                   Index (1992=100)

                 MAJOR MARKETS

  1 Total index                                    136.7      137.6

  2 Products                                       126.5      126.7
  3   Final products                               129.1      129.3
  4     Consumer goods, total                      120.6      120.6
  5       Durable consumer goods                   156.2      154.5
  6         Automotive products                    160.7      158.3
  7           Autos and trucks                     177.8      175.0
  8             Autos, consumer                    101.1      101.2
  9             Trucks, consumer                   259.5      253.6
 10           Auto parts and allied goods          133.6      132.0
 11         Other                                  149.7      148.7
 12            Appliances, televisions, and air
                   conditioners                    297.9      295.1
 13            Carpeting and furniture             118.8      117.2
 14            Miscellaneous home goods            108.0      108.0
 15       Nondurable consumer goods                112.2      112.6
 16         Foods and tobacco                      109.0      109.2
 17         Clothing                                74.7       75.4
 18         Chemical products                      148.5      149.4
 19         Paper products                         100.2      98.8
 20         Energy                                 111.6      113.5
 21           Fuels                                112.6      117.4
 22           Residential utilities                110.7      111.1

 23   Equipment                                    142.7      143.3
 24     Business equipment                         164.3      165.3
 25       Information processing                   265.5      268.2
 26         Computer and office equipment          941.2      969.2
 27       Industrial                               114.5      116.1
 28       Transit                                  118.7      116.4
 29         Autos and trucks                       151.4      150.5
 30       Other                                    130.2      133.1
 31     Defense and space equipment                 74.7       74.9
 32     Oil and gas well drilling                  107.8      107.3
 33     Manufactured homes                          97.7       93.1

 34   Intermediate products, total                 118.6      118.9
 35     Construction supplies                      135.6      136.3
 36     Business supplies                          108.6      108.5

 37 Materials                                      153.6      155.8
 38   Durable goods materials                      206.0      209.4
 39     Durable consumer parts                     157.5      161.4
 40     Equipment parts                            426.7      434.0
 41     Other                                      119.0      120.5
 42       Basic metal materials                    101.9      106.9
 43   Nondurable goods materials                   101.1      103.3
 44     Textile materials                           84.5       84.9
 45     Paper materials                            103.1      106.9
 46     Chemical materials                          99.3      102.8
 47     Other                                      111.2      110.4
 48   Energy materials                             101.6      101.6
 49     Primary energy                              97.9       97.6
 50     Converted fuel materials                   107.9      108.6

              SPECIAL AGGREGATES

 51 Total excluding autos and trucks               135.8      136.7
 52 Total excluding motor vehicles and parts       134.9      135.8
 53 Total excluding computer and office
        equipment                                  130.9      131.7
 54 Consumer goods excluding autos and trucks      117.4      117.6
 55 Consumer goods excluding energy                121.7      121.5
 56 Business equipment excluding autos and
        trucks                                     165.7      167.0
 57 Business equipment excluding computer and
        office equipment                           136.3      136.8
 58 Materials excluding energy                     170.3      173.4

               MAJOR INDUSTRIES

 59 Total index                                    136.7      137.6

 60 Manufacturing                                  141.6      142.6
 61   Primary processing                           163.5      166.6
 62   Advanced processing                          129.3      129.3

 63   Durable goods                                174.1      175.7
 64     Lumber and products                        113.0      112.9
 65     Furniture and fixtures                     135.4      133.6
 66     Stone, clay, and glass
            products                               126.3      127.7
 67     Primary metals                             103.6      111.3
 68       Iron and steel                            94.6      107.1
 69         Raw steel                              85.5       100.0
 70       Nonferrous                               114.2      116.5
 71     Fabricated metal products                  129.1      128.7
 72     Industrial machinery and
            equipment                              200.4      204.5
 73     Computer and office
            equipment                            1,087.0    1,118.5
 74     Electrical machinery                       487.3      494.0
 75     Transportation equipment                   129.1      128.2
 76       Motor vehicles and parts                 172.1      171.8
 77         Autos and light trucks                 169.6      167.1
 78       Aerospace and
              miscellaneous
              transportation
              equipment                             88.9       87.4
 79     Instruments                                112.8      113.8
 80     Miscellaneous                              114.1      114.6

 81   Nondurable goods                             109.7      110.3
 82     Foods                                      114.0      113.5
 83     Tobacco products                            90.8       93.1
 84     Textile mill products                       82.5       82.5
 85     Apparel products                            88.8       89.4
 86     Paper and products                         103.1      105.1
 87     Printing and publishing                     97.3       96.6
 88     Chemicals and products                     121.4      123.0
 89     Petroleum products                         112.2      114.8
 90     Rubber and plastics                        134.8      134.7
 91     Leather and products                        58.4       60.3

 92 Mining                                          97.4       97.0
 93   Metal                                         80.1       75.2
 94   Coal                                         105.8      104.5
 95   Oil and gas extraction                        92.6       92.0
 96   Stone and earth minerals                     129.8      133.7

 97 Utilities                                      115.2      115.7
 98   Electric                                     119.3      119.8
 99   Gas                                          100.5      101.0

              SPECIAL AGGREGATES

100 Manufacturing excluding motor
       vehicles and parts                          139.7      140.8
101 Manufacturing excluding
       computers and office
       equipment                                   134.8      135.8
102 Computers, communications
       equipment, and
       semiconductors                            1,006.0    1,032.2
103 Manufacturing excluding
       computers and
       semiconductors                              118.4      119.1
104 Manufacturing excluding
       computers, communications
       equipment, and
       semiconductors                              115.7      116.4

                                                 Gross value (billions
                                                    of 1996 dollars,
                                                     annual rates)

                 MAJOR MARKETS

105 Products, total                              2,683.2    2,686.4

106 Final                                        2,075.1    2,076.9
107   Consumer goods                             1,313.7    1,312.6
108   Equipment                                    753.5      757.1

109 Intermediate                                   608.3      609.7

                                                        2002

                     Group                       Feb. (r)   Mar. (r)

                                                   Index (1992=100)

                 MAJOR MARKETS

  1 Total index                                    138.1      138.7

  2 Products                                       126.9      127.6
  3   Final products                               129.4      129.7
  4     Consumer goods, total                      121.2      121.8
  5       Durable consumer goods                   155.4      156.9
  6         Automotive products                    158.1      159.6
  7           Autos and trucks                     173.4      173.7
  8             Autos, consumer                    110.5      102.5
  9             Trucks, consumer                   240.6      249.7
 10           Auto parts and allied goods          134.0      137.4
 11         Other                                  151.1      152.4
 12            Appliances, televisions, and air
                   conditioners                    304.8      308.6
 13            Carpeting and furniture             118.8      118.9
 14            Miscellaneous home goods            108.7      110.0
 15       Nondurable consumer goods                113.1      113.5
 16         Foods and tobacco                      109.7      110.3
 17         Clothing                                74.9       75.7
 18         Chemical products                      147.6      147.9
 19         Paper products                          98.1       98.6
 20         Energy                                 118.3      118.7
 21           Fuels                                116.5      115.4
 22           Residential utilities                118.9      120.0

 23   Equipment                                    142.2      141.7
 24     Business equipment                         164.0      163.5
 25       Information processing                   267.9      268.7
 26         Computer and office equipment          998.7    1,020.6
 27       Industrial                               113.5      113.5
 28       Transit                                  116.8      114.4
 29         Autos and trucks                       155.7      155.3
 30       Other                                    130.5      131.3
 31     Defense and space equipment                 74.9       75.1
 32     Oil and gas well drilling                  105.3      104.5
 33     Manufactured homes                          89.1       81.5

 34   Intermediate products, total                 119.4      121.1
 35     Construction supplies                      136.8      139.6
 36     Business supplies                          109.l      110.l

 37 Materials                                      157.1      157.5
 38   Durable goods materials                      211.6      212.3
 39     Durable consumer parts                     162.9      163.8
 40     Equipment parts                            439.7      442.3
 41     Other                                      121.5      121.6
 42       Basic metal materials                    107.9      108.2
 43   Nondurable goods materials                   103.4      104.1
 44     Textile materials                           87.4       90.2
 45     Paper materials                            103.3      102.7
 46     Chemical materials                         104.1      105.4
 47     Other                                      110.0      109.5
 48   Energy materials                             102.6      102.2
 49     Primary energy                              97.7       96.9
 50     Converted fuel materials                   111.6      112.0

              SPECIAL AGGREGATES

 51 Total excluding autos and trucks               137.3      137.9
 52 Total excluding motor vehicles and parts       136.3      136.9
 53 Total excluding computer and office
        equipment                                  132.2      132.7
 54 Consumer goods excluding autos and trucks      118.3      119.0
 55 Consumer goods excluding energy                121.5      122.2
 56 Business equipment excluding autos and
        trucks                                     164.7      164.2
 57 Business equipment excluding computer and
        office equipment                           135.2      134.4
 58 Materials excluding energy                     174.7      175.4

               MAJOR INDUSTRIES

 59 Total index                                    138.1      138.7

 60 Manufacturing                                  142.9      143.5
 61   Primary processing                           168.0      169.4
 62   Advanced processing                          129.0      129.3

 63   Durable goods                                176.0      176.7
 64     Lumber and products                        111.0      112.4
 65     Furniture and fixtures                     135.0      135.2
 66     Stone, clay, and glass
            products                               127.8      127.7
 67     Primary metals                             111.8      112.6
 68       Iron and steel                           110.6      109.4
 69         Raw steel                              101.3      101.2
 70       Nonferrous                               113.5      116.5
 71     Fabricated metal products                  127.7      128.3
 72     Industrial machinery and
            equipment                              205.3      207.0
 73     Computer and office
            equipment                            1,155.8    1,182.0
 74     Electrical machinery                       500.8      505.6
 75     Transportation equipment                   128.9      128.4
 76       Motor vehicles and parts                 174.5      175.1
 77         Autos and light trucks                 166.9      166.2
 78       Aerospace and
              miscellaneous
              transportation
              equipment                             86.4       84.8
 79     Instruments                                112.4      112.4
 80     Miscellaneous                              114.6      116.4

 81   Nondurable goods                             110.5      111.1
 82     Foods                                      113.7      114.2
 83     Tobacco products                            95.0       95.3
 84     Textile mill products                       85.1       87.1
 85     Apparel products                            88.4       89.5
 86     Paper and products                         103.5      104.3
 87     Printing and publishing                     96.0       96.1
 88     Chemicals and products                     122.9      123.3
 89     Petroleum products                         117.2      116.9
 90     Rubber and plastics                        136.6      139.0
 91     Leather and products                        60.1       60.0

 92 Mining                                          96.6       95.4
 93   Metal                                         78.2       80.0
 94   Coal                                         107.0       99.0
 95   Oil and gas extraction                        91.2       90.7
 96   Stone and earth minerals                     132.5      132.2

 97 Utilities                                      120.3      122.0
 98   Electric                                     121.9      124.6
 99   Gas                                          113.7      112.1

              SPECIAL AGGREGATES

100 Manufacturing excluding motor
       vehicles and parts                          140.9      141.6
101 Manufacturing excluding
       computers and office
       equipment                                   135.9      136.5
102 Computers, communications
       equipment, and
       semiconductors                            1,065.5    1,082.5
103 Manufacturing excluding
       computers and
       semiconductors                              119.0      119.4
104 Manufacturing excluding
       computers, communications
       equipment, and
       semiconductors                              116.4      116.8

                                                 Gross value (billions
                                                    of 1996 dollars,
                                                     annual rates)

                 MAJOR MARKETS

105 Products, total                              2,694.3    2,709.9

106 Final                                        2,080.4    2,085.7
107   Consumer goods                             1,318.7    1,325.2
108   Equipment                                    753.3      751.1

109 Intermediate                                   614.0      624.2

                                                        2002

                     Group                       Apr. (r)    May (p)

                                                   Index (1992=100)

                 MAJOR MARKETS

  1 Total index                                    139.1      139.3

  2 Products                                       127.4      127.5
  3   Final products                               129.6      129.6
  4     Consumer goods, total                      121.9      121.9
  5       Durable consumer goods                   158.7      159.4
  6         Automotive products                    163.1      162.8
  7           Autos and trucks                     179.6      178.4
  8             Autos, consumer                    104.1      102.3
  9             Trucks, consumer                   260.1      259.4
 10           Auto parts and allied goods          137.1      138.2
 11         Other                                  152.2      154.2
 12            Appliances, televisions, and air
                   conditioners                    304.7      317.5
 13            Carpeting and furniture             120.4      119.7
 14            Miscellaneous home goods            109.8      110.4
 15       Nondurable consumer goods                113.2      113.1
 16         Foods and tobacco                      110.1      109.9
 17         Clothing                                74.7       74.7
 18         Chemical products                      147.5      147.5
 19         Paper products                          96.8       97.1
 20         Energy                                 119.5      119.1
 21           Fuels                                117.1      116.2
 22           Residential utilities                120.4      120.2

 23   Equipment                                    141.3      141.4
 24     Business equipment                         162.6      162.8
 25       Information processing                   266.9      267.1
 26         Computer and office equipment        1,035.5    1,041.4
 27       Industrial                               113.0      115.7
 28       Transit                                  112.4      108.9
 29         Autos and trucks                       156.7      155.7
 30       Other                                    134.2      134.6
 31     Defense and space equipment                 76.1       76.0
 32     Oil and gas well drilling                  102.0      102.6
 33     Manufactured homes                          81.2       82.0

 34   Intermediate products, total                 120.8      121.1
 35     Construction supplies                      138.5      139.1
 36     Business supplies                          110.2      110.4

 37 Materials                                      159.0      159.5
 38   Durable goods materials                      214.3      215.3
 39     Durable consumer parts                     166.4      164.9
 40     Equipment parts                            445.2      450.4
 41     Other                                      122.6      123.3
 42       Basic metal materials                    108.9      109.0
 43   Nondurable goods materials                   104.5      104.7
 44     Textile materials                           89.3       89.9
 45     Paper materials                            105.1      105.6
 46     Chemical materials                         105.1      105.1
 47     Other                                      110.3      110.4
 48   Energy materials                             103.5      103.7
 49     Primary energy                              98.5       98.6
 50     Converted fuel materials                   112.9      113.1

              SPECIAL AGGREGATES

 51 Total excluding autos and trucks               138.2      138.4
 52 Total excluding motor vehicles and parts       137.0      137.4
 53 Total excluding computer and office
        equipment                                  133.1      133.3
 54 Consumer goods excluding autos and trucks      118.7      118.7
 55 Consumer goods excluding energy                122.2      122.2
 56 Business equipment excluding autos and
        trucks                                     163.0      163.3
 57 Business equipment excluding computer and
        office equipment                           133.5      133.5
 58 Materials excluding energy                     176.9      177.6

               MAJOR INDUSTRIES

 59 Total index                                    139.1      139.3

 60 Manufacturing                                  143.8      144.1
 61   Primary processing                           170.4      171.1
 62   Advanced processing                          129.2      129.3

 63   Durable goods                                177.4      177.8
 64     Lumber and products                        112.1      112.7
 65     Furniture and fixtures                     137.0      137.2
 66     Stone, clay, and glass
            products                               128.1      128.0
 67     Primary metals                             112.5      112.6
 68       Iron and steel                           110.4      110.1
 69         Raw steel                              101.2      101.2
 70       Nonferrous                               115.3      115.8
 71     Fabricated metal products                  129.0      129.5
 72     Industrial machinery and
            equipment                              207.4      210.6
 73     Computer and office
            equipment                            1,200.1    1,207.1
 74     Electrical machinery                       507.9      514.8
 75     Transportation equipment                   129.7      127.9
 76       Motor vehicles and parts                 179.2      177.5
 77         Autos and light trucks                 171.7      170.4
 78       Aerospace and
              miscellaneous
              transportation
              equipment                             83.5       81.7
 79     Instruments                                111.9      111.9
 80     Miscellaneous                              115.8      116.5

 81   Nondurable goods                             111.0      111.2
 82     Foods                                      114.3      113.9
 83     Tobacco products                            94.3       94.9
 84     Textile mill products                       86.9       87.2
 85     Apparel products                            88.4       88.6
 86     Paper and products                         105.2      105.7
 87     Printing and publishing                     95.6       95.9
 88     Chemicals and products                     123.1      123.5
 89     Petroleum products                         116.8      116.2
 90     Rubber and plastics                        139.8      141.1
 91     Leather and products                        59.7       59.6

 92 Mining                                          96.4       97.1
 93   Metal                                         80.8       81.6
 94   Coal                                         101.8      101.7
 95   Oil and gas extraction                        91.4       92.3
 96   Stone and earth minerals                     133.0      133.5

 97 Utilities                                      123.1      122.0
 98   Electric                                     126.6      124.4
 99   Gas                                          110.0      112.9

              SPECIAL AGGREGATES

100 Manufacturing excluding motor
       vehicles and parts                          141.6      142.0
101 Manufacturing excluding
       computers and office
       equipment                                   136.7      137.0
102 Computers, communications
       equipment, and
       semiconductors                            1,091.2    1,104.6
103 Manufacturing excluding
       computers and
       semiconductors                              119.5      119.7
104 Manufacturing excluding
       computers, communications
       equipment, and
       semiconductors                              116.9      117.1

                                                 Gross value (billions
                                                    of 1996 dollars,
                                                     annual rates)

                 MAJOR MARKETS

105 Products, total                              2,710.1    2,711.5

106 Final                                        2,088.6    2,088.3
107   Consumer goods                             1,329.0    1,328.3
108   Equipment                                    749.4      750.0

109 Intermediate                                   621.6      623.2

(1.) Data in this table appear in the Board's G.17 (419) monthly
statistical release. The data are also available on the Board's web
site, http://www.federalreserve.gov/releases/g17. The latest historical
revision of the industrial production index and the capacity
utilization rates was released in November 2001. The recent annual
revision is described in the March 2002 issue of the Bulletin. For a
description of the methods of estimating industrial production and
capacity utilization, see "Industrial Production and Capacity
Utilization: Historical Revision and Recent Developments," Federal
Reserve Bulletin, vol. 83 (February 1997), pp. 67-92, and the
references cited therein. For details about the construction of
individual industrial production series, see "Industrial Production:
1989 Developments and Historical Revision." Federal Reserve Bulletin,
vol. 76 (April 1990), pp. 187-204.

(2.) Standard Industrial Classification.
3.10 U.S. INTERNATIONAL TRANSACTIONS Summary

Millions of dollars; quarterly data seasonally adjusted except as
noted (1)

Item credits or debits                        1999            2000

 1 Balance on current account             -292,856 (r)    -410,341 (r)
 2   Balance on goods and services        -261,838        -375,739
 3     Exports                             957,146 (r)  -1,064,239 (r)
 4     Imports                          -1,219,383 (r)  -1,442,920 (r)
 5   Income, net                           -13,613         -14,792
 6     Investment, net                      23,877 (r)      27,651 (r)
 7       Direct                             75,009 (r)      88,862 (r)
 8       Portfolio                         -51,132 (r)     -61,211 (r)
 9     Compensation of employees            -5,739 (r)      -5,869 (r)
10   Unilateral current transfers, net     -48,757 (r)     -53,442 (r)

11 Change in U.S. government assets
        other than official reserve
        assets, net (increase, -)            2,750 (r)        -941 (r)

12 Change in U.S. official reserve
        assets (increase, -)                 8,747            -290
13   Gold                                        0               0
14   Special drawing rights (SDRs)              10            -722
15   Reserve position in International
        Monetary Fund                        5,484           2,308
16   Foreign currencies                      3,253          -1,876

17 Change in U.S. private assets
     abroad (increase, -)                 -489,066 (r)    -605,258 (r)
18   Bank-reported claims (2)              -76,263        -148,657 (r)
19   Nonbank-reported claims               -95,466 (r)    -150,805 (r)
20   U.S. purchase of foreign
        securities, net                   -128,436 (r)    -127,502 (r)
21   U.S. direct investments abroad,
        net                               -188,901 (r)    -178,294 (r)

22 Change in foreign official assets
        in United States (increase, +)      43,551          37,619
23   U.S. Treasury securities               12,177         -10,233
24   Other U.S. government obligations      20,350          40,909
25   Other U.S. government
        liabilities (2)                     -2,855          -1,987
26   Other U.S. liabilities reported
        by U.S. banks (2)                   12,964           5,803
27   Other foreign official assets (3)         915           3,127

28 Change in foreign private assets in
        United States (increase, +)        770,193         986,599
29   U.S. bank-reported
        liabilities (4)                     54,232          87,953
30   U.S. nonbank-reported liabilities      69,075         177,010
31   Foreign private purchases of U.S.
        Treasury securities, net           -20,490         -52,792
32   U.S. currency flows                    22,407           1,129
33   Foreign purchases of other U.S.
        securities, net                    343,963         485,644
34   Foreign direct investments in
        United States, net                 301,006         287,655

35 Capital account transactions,
        net (5)                             -3,340 (r)         837 (r)
36 Discrepancy                             -48,822             696
37   Due to seasonal adjustment            ...             ...
38   Before seasonal adjustment             31,286 (r)           7 (r)

   MEMO

   Changes in official assets
39 U.S. official reserve assets
        (increase, -)                        8,747            -290
40 Foreign official assets in United
        States, excluding line 25
        (increase, +)                       46,406          39,606
41 Change in Organization of Petroleum
        Exporting Countries official
        assets in United States
        (part of line 22)                    1,621          12,000 (r)

                                                          2001

Item credits or debits                       2001

                                                         Q1 (r)

 1 Balance on current account             -393,371 (r)  -107,722
 2   Balance on goods and services        -347,810       -97,160
 3     Exports                             998,022 (r)   266,004
 4     Imports                          -1,356,312 (r)  -363,164
 5   Income, net                           -19,118         1,046
 6     Investment, net                      20,539 (r)     2,563
 7       Direct                            102,595 (r)    22,249
 8       Portfolio                         -82,056 (r)   -19,686
 9     Compensation of employees            -6,157 (r)    -1,517
10   Unilateral current transfers, net     -49,463 (r)   -11,608

11 Change in U.S. government assets
        other than official reserve
        assets, net (increase, -)             -486 (r)        77

12 Change in U.S. official reserve
        assets (increase, -)                -4,911           190
13   Gold                                        0             0
14   Special drawing rights (SDRs)            -630          -189
15   Reserve position in International
        Monetary Fund                       -3,600           574
16   Foreign currencies                       -681          -195

17 Change in U.S. private assets
        abroad (increase, -)              -365,565 (r)  -216,082
18   Bank-reported claims (2)             -128,705 (r)  -113,914
19   Nonbank-reported claims               -14,358 (r)   -51,759
20   U.S. purchase of foreign
        securities, net                    -94,662 (r)   -26,895
21   U.S. direct investments abroad,
        net                               -127,840 (r)   -23,514

22 Change in foreign official assets
        in United States (increase, +)       6,092         4,087
23   U.S. Treasury securities               10,760        -1,027
24   Other U.S. government obligations      20,920         3,574
25   Other U.S. government
        liabilities (2)                     -2,482          -676
26   Other U.S. liabilities reported
        by U.S. banks (2)                  -28,825         1,213
27   Other foreign official assets (3)       5,719         1,003

28 Change in foreign private assets in
        United States (increase, +)        889,367       298,423
29   U.S. bank-reported
        liabilities (4)                     95,214        15,633
30   U.S. nonbank-reported liabilities      98,222       111,644
31   Foreign private purchases of U.S.
        Treasury securities, net            15,779        -4,744
32   U.S. currency flows                    23,783         2,311
33   Foreign purchases of other U.S.
        securities, net                    498,433       129,990
34   Foreign direct investments in
        United States, net                 157,936        43,589

35 Capital account transactions,
        net (5)                                826 (r)       208
36 Discrepancy                             -39,193        20,819
37   Due to seasonal adjustment            ...             7,691
38   Before seasonal adjustment             10,701 (r)    13,128

   MEMO

   Changes in official assets
39 U.S. official reserve assets
        (increase, -)                       -4,911           190
40 Foreign official assets in United
        States, excluding line 25
        (increase, +)                        8,574         4,763
41 Change in Organization of Petroleum
        Exporting Countries official
        assets in United States
        (part of line 22)                   -1,725 (r)       673

                                                2001

Item credits or debits
                                          Q2 (r)    Q3 (r)

 1 Balance on current account            -99,234   -91,331
 2   Balance on goods and services       -93,324   -79,778
 3     Exports                           256,766   242,325
 4     Imports                          -350,090  -322,103
 5   Income, net                           6,006       807
 6     Investment, net                     7,526     2,345
 7       Direct                           27,832    23,908
 8       Portfolio                       -20,306   -21,563
 9     Compensation of employees          -1,520    -1,538
10   Unilateral current transfers, net   -11,916   -12,360

11 Change in U.S. government assets
        other than official reserve
        assets, net (increase, -)           -783        77

12 Change in U.S. official reserve
        assets (increase, -)              -1,343    -3,559
13   Gold                                      0         0
14   Special drawing rights (SDRs)          -156      -145
15   Reserve position in International
        Monetary Fund                     -1,015    -3,242
16   Foreign currencies                     -172      -172

17 Change in U.S. private assets
        abroad (increase, -)             -77,910    28,460
18   Bank-reported claims (2)               -685    69,576
19   Nonbank-reported claims               9,670    -9,479
20   U.S. purchase of foreign
        securities, net                  -51,764    10,087
21   U.S. direct investments abroad,
        net                              -35,131   -41,724

22 Change in foreign official assets
        in United States (increase, +)   -20,831    16,882
23   U.S. Treasury securities            -20,798    15,810
24   Other U.S. government obligations     9,932      -216
25   Other U.S. government
        liabilities (2)                     -791        89
26   Other U.S. liabilities reported
        by U.S. banks (2)                -10,202      -782
27   Other foreign official assets (3)     1,028     1,981

28 Change in toreign private assets in
        United States (increase, +)      202,441     1,007
29   U.S. bank-reported
        liabilities (4)                   55,003   -45,567
30   U.S. nonbank-reported liabilities    -5,307   -25,154
31   Foreign private purchases of U.S.
        Treasury securities, net         -14,685   -15,470
32   U.S. currency flows                   2,772     8,203
33   Foreign purchases of other U.S.
        securities, net                  113,556    64,787
34   Foreign direct investments in
        United States, net                51,102    14,208

35 Capital account transactions,
        net (5)                              207       206
36 Discrepancy                            -2,547    48,258
37   Due to seasonal adjustment              875   -10,286
38   Before seasonal adjustment           -3,422    58,544

   MEMO

   Changes in official assets
39 U.S. official reserve assets
        (increase, -)                     -1,343    -3,559
40 Foreign official assets in United
        States, excluding line 25
        (increase, +)                    -20,040    16,793
41 Change in Organization of Petroleum
        Exporting Countries official
        assets in United States
        (part of line 22)                 -1,699    -4,081

                                           2001      2002

Item credits or debits

                                          Q4 (r)    Q1 (p)

 1 Balance on current account            -95,086  -112,487
 2   Balance on goods and services       -88,028   -94,858
 3     Exports                           232,930   233,609
 4     Imports                          -320,958  -328,467
 5   Income, net                           6,521    -1,779
 6     Investment, net                     8,102      -15l
 7       Direct                           28,602    20,904
 8       Portfolio                       -20,500   -21,055
 9     Compensation of employees          -1,581    -1,628
10   Unilateral current transfers, net   -13,579   -15,850

11 Change in U.S. government assets
        other than official reserve
        assets, net (increase, -)            143       239

12 Change in U.S. official reserve
        assets (increase, -)                -199       390
13   Gold                                      0         0
14   Special drawing rights (SDRs)          -140      -109
15   Reserve position in International
        Monetary Fund                         83       652
16   Foreign currencies                     -142      -153

17 Change in U.S. private assets
        abroad (increase, -)            -100,032   -14,510
18   Bank-reported claims (2)            -83,682    10,006
19   Nonbank-reported claims              37,210    -4,030
20   U.S. purchase of foreign
        securities, net                  -26,090     2,047
21   U.S. direct investments abroad,
        net                              -27,470   -22,533

22 Change in foreign official assets
        in United States (increase, +)     5,086     9,034
23   U.S. Treasury securities             16,760      -582
24   Other U.S. government obligations     7,630     7,296
25   Other U.S. government
        liabilities (2)                     -504      -790
26   Other U.S. liabilities reported
        by U.S. banks (2)                -20,507     2,384
27   Other foreign official assets (3)     1,707       726

28 Change in foreign private assets in
        United States (increase, +)      245,711   104,281
29   U.S. bank-reported
        liabilities (4)                   85,598   -25,299
30   U.S. nonbank-reported liabilities     1,170    34,704
31   Foreign private purchases of U.S.
        Treasury securities, net          27,229    -5,682
32   U.S. currency flows                  10,497     4,525
33   Foreign purchases of other U.S.
        securities, net                   99,320    70,329
34   Foreign direct investments in
        United States, net                21,897    25,704

35 Capital account transactions,
        net (5)                              205       201
36 Discrepancy                           -55,828    12,852
37   Due to seasonal adjustment            1,721     9,956
38   Before seasonal adjustment          -57,549     2,896

   MEMO

   Changes in official assets
39 U.S. official reserve assets
        (increase, -)                       -199       390
40 Foreign official assets in United
        States, excluding line 25
        (increase, +)                      5,590     9,824
41 Change in Organization of Petroleum
        Exporting Countries official
        assets in United States
        (part of line 22)                  3,382    -8,471

(1.) Seasonal factor are not calculated for lines 11-16, 18-20, 22-35,
and 38-41.

(2.) Associated primarily with military sales contracts and other
transactions arranged with or through foreign official agencies.

(3.) Consists of investments in U.S. corporate stocks and in debt
securities of private corporations and state and local governments.

(4.) Reporting banks included all types of depository institutions as
well as some brokers and dealers.

(5.) Consists of capital transfers (such as those of accompanying
migrants entering or leaving the country and debt forgiveness) and
debt the acquisition and disposal of nonproduced nonfinancial assets.

SOURCE. U.S. Department of Commerce, Bureau of Economic Analysis,
Survey of Current Business.
3.12 U.S. RESERVE ASSETS

Millions of dollars, end of period

                                                             2001
           Asset                 1998    1999    2000
                                                         Nov.    Dec.

1 Total                         81,761  71,516  67,647  69,158  68,654

2 Gold stock (1)                11,046  11,048  11,046  11,045  11,045
3 Special drawing rights (2,3)  10,603  10,336  10,539  10,864  10,774
4 Reserve position in Inter-
   national Monetary Fund (2)   24,111  17,950  14,824  17,293  17,854
5 Foreign currencies (4)        36,001  32,182  31,238  29,956  28,981

           Asset                                 2002

                                 Jan.    Feb.    Mar.    Apr.     May

1 Total                         67,532  67,357  67,574  67,844  69,579

2 Gold stock (1)                11,044  11,044  11,044  11,044  11,044
3 Special drawing rights (2,3)  10,657  10,763  10,809  10,988  11,297
4 Reserve position in Inter-
   national Monetary Fund (2)   17,602  17,169  17,078  16,184  16,498
5 Foreign currencies (4)        28,229  28,381  28,643  29,628  30,740

           Asset                 2002

                                June (p)

1 Total                          74,696

2 Gold stock (1)                 11,044
3 Special drawing rights (2,3)   11,645
4 Reserve position in Inter-
   national Monetary Fund (2)    19,841
5 Foreign currencies (4)         32,166

(1.) Gold held "under earmark" at Federal Reserve Banks for foreign
and international accounts is not included in the gold stock of the
United States; see table 3.13, line 3. Gold stock in valued at
$42.22 per fine troy ounce.

(2.) Special drawing rights (SDRs) are valued according to a technique
adopted by the International Monetary Fund (IMF) in July 1974. Values
are based on a weighted average of exchange rates for the currencies
of member countries. From July 1974 through December 1980, sixteen
currencies were used; since January 1981, five currencies have been
used. U.S. SDR holdings and reserve positions in the IMF also have
been valued on this basis since July 1974.

(3.) Includes allocations of SDRs by the International Monetary Fund
on Jan. 1 of the year indicated, as follows: 1970--$867 million;
1971--$717 million; 1972--$710 million; 1979--$1,139 million;
1980--$1,152 million; 1981--$1,093 million; plus net transactions in
SDRs.

(4.) Valued at current market exchange rates.
3.13 FOREIGN OFFICIAL ASSETS HELD AT FEDERAL RESERVE BANKS (1)

Millions of dollars, end of period

                                                       2001
       Asset            1998     1999     2000
                                                 Nov. (r)    Dec.

1 Deposits                167       71      215        75       61

  Held in custody
2 U.S. Treasury
   securities (2)     607,574  632,482  594,094   599,043  592,630
3 Earmarked gold (3)   10,343    9,933    9,451     9,099    9,099

                                          2002
       Asset
                       Jan.     Feb.     Mar.      Apr.      May

1 Deposits                162       89      256       111      127

  Held in custody
2 U.S. Treasury
   securities (2)     592,031  591,202  593,865   589,531  605,501
3 Earmarked gold (3)    9,098    9,098    9,098     9,091    9,084

                        2002

Asset
                      June (p)

1 Deposits                 90

  Held in custody
2 U.S. Treasury
   securities (2)     619,226
3 Earmarked gold (3)    9,077

(1.) Excludes deposits and U.S. Treasury securities held for
international and regional organizations

(2.) Marketable U.S. Treasury bills, notes, and bonds and
nonmarketable U.S. Treasury securities, in each case measured
at face (not market) value.

(3.) Held in foreign and international accounts and valued at
$42.22 per fine troy ounce; not included in the gold stock of
the United States.
3.15 SELECTED U.S. LIABILITIES TO FOREIGN OFFICIAL INSTITUTIONS

Millions of dollars, end of period

                                                        2001
           Item               1999     2000
                                               Oct.     Nov.     Dec.

 1 Total (1)                806,318  845,869  860,445  867,512  857,786

   By type
 2 Liabilities reported by
    banks in the United
    States (2)              138,847  144,593  140,003  130,661  123,125
 3 U.S. Treasury bills and
    certificates (3)        156,177  153,010  161,081  167,562  161,719
   U.S. Treasury bonds and
    notes
 4   Marketable             422,266  415,964  412,111  418,377  419,438
 5   Nonmarketable (4)        6,111    5,348    3,520    3,398    3,411
 6 U.S. securities other
    than U.S. Treasury
    securities (5)           82,917  126,954  143,730  147,514  150,093
   By area
 7 Europe (1)               244,805  253,592  263,750  262,119  256,404
 8 Canada                    12,503   12,394   11,780   12,589   12,107
 9 Latin America and
   Caribbean                 73,518   76,753   77,555   77,244   77,374
10 Asia                     463,703  488,170  490,897  498,815  497,333
11 Africa                     7,523    9,165   10,337    9,560    9,646
12 Other countries            4,266    5,795    6,126    7,185    4,922

                                            2002
           Item
                              Jan.     Feb.     Mar.   Apr. (p)

 1 Total (1)                861,508  868,753  867,618   871,201

   By type
 2 Liabilities reported by
    banks in the United
    States (2)              122,181  133,554  125,517   134,522
 3 U.S. Treasury bills and
    certificates (3)        166,640  164,076  161,312   155,770
   U.S. Treasury bonds and
    notes
 4   Marketable             416,438  414,261  419,515   417,909
 5   Nonmarketable (4)        3,433    3,138    3,159     3,179
 6 U.S. securities other
    than U.S. Treasury
    securities (5)          152,816  153,724  158,115   159,821
   By area
 7 Europe (1)               262,573  256,438  255,772   258,330
 8 Canada                    12,421   13,126   12,975    11,008
 9 Latin America and
    Caribbean                74,931   74,017   72,737    72,346
10 Asia                     495,025  509,774  509,721   514,758
11 Africa                    10,901   10,049    9,510     9,577
12 Other countries            5,657    5,349    6,903     5,182

(1.) Includes the Bank for International Settlements.

(2.) Principally demand deposits, time deposits, bankers acceptances,
commercial paper, negotiable time certificates of deposit, and
borrowings under repurchase agreements.

(3.) Includes nonmarketable certificates of indebtedness and Treasury
bills issued to official institutions of foreign countries.

(4.) Excludes notes issued to foreign official nonreserve agencies.
Includes current value of zero-coupon Treasury bond issues to foreign
governments as follows: Mexico, beginning March 1990, 30-year maturity
issue; Venezuela, beginning December 1990, 30-year maturity issue;
Argentina, beginning April 1993, 30-year maturity issue.

(5.) Debt securities of U.S. government corporations and federally
sponsored agencies, and U.S. corporate stocks and bonds.

SOURCE. Based on U.S. Department of the Treasury data and on data
reported to the department by banks (including Federal Reserve Banks)
and securities dealers in the United States, and on the 1994 benchmark
survey of foreign portfolio investment in the United States.
3.16 LIABILITIES TO, AND CLAIMS ON, FOREIGNERS Reported by Banks
in the United States (1)

Payable in Foreign Currencies

Millions of dollars, end of period

         Item                1998    1999    2000

1 Banks' liabilities       101,125  88,537  77,779
2 Banks' claims             78,162  67,365  56,912
3   Deposits                45,985  34,426  23,315
4   Other claims            32,177  32,939  33,597
5 Claims of banks'          20,718  20,826  24,411
   domestic customers (2)

                                       2001                2002
         Item
                           June (r)  Sept. (r)  Dec. (r)   Mar.

1 Banks' liabilities        107,806    92,557    89,627   90,254
2 Banks' claims              77,439    69,116    75,872   80,025
3   Deposits                 32,713    36,364    45,382   50,293
4   Other claims             44,726    32,752    30,490   29,732
5 Claims of banks'           21,144    20,885    17,631   16,454
   domestic customers (2)

(1.) Data on claims exclude foreign currencies held by U.S. monetary
authorities.

(2.) Assets owned by customers of the reporting bank located in the
United States that represent claims on foreigners held by reporting
banks for the accounts of the domestic customers.
3.17 LIABILITIES TO FOREIGNERS Reported by Banks in the United
States (1)

Payable in U.S. dollars

Millions of dollars, end of period

             Item                 1999       2000         2001

    BY HOLDER AND TYPE OF
          LIABILITY

  1 Total, all foreigners       1,408,740  1,511,410  1,619,624 (r)

  2 Banks' own liabilities        971,536  1,077,636  1,172,962 (r)
  3   Demand deposits              42,884     33,365     33,600
  4   Time deposits (2)           163,620    187,883    154,160
  5   Other (3)                   155,853    171,401    199,736 (r)
  6   Own foreign offices (4)     609,179    684,987    785,466 (r)

  7 Banks' custodial
      liabilities (5)             437,204    433,774    446,662 (r)
  8   U.S. Treasury bills and
         certificates (6)         185,676    177,846    186,092 (r)
  9   Short-term agency
         securities (7)             n.a.       n.a.      59,781
 10   Other negotiable and
         readily transferable
         instruments (8)          132,617    145,840     80,026
 11   Other                       118,911    110,088    120,763

 12 Nonmonetary international
      and regional
      organizations (9)            15,276     12,542     10,804
 13   Banks' own liabilities       14,357     12,140     10,166
 14     Demand deposits                98         41         34
 15     Time deposits (2)          10,349      6,246      3,755
 16     Other (3)                   3,910      5,853      6,377

 17   Banks' custodial
        liabilities (6)               919        402        638
 18     U.S. Treasury bills
            and
            certificates (6)          680        252        577
 19     Short-term agency
            securities (7)          n.a.       n.a.          40
 20     Other negotiable and
            readily
            transferable
            instruments (8)           233        149         21
 21     Other                           6          1          0

 22 Official institutions (10)    295,024    297,603    284,844
 23   Banks' own liabilities       97,615     96,989     83,524
 24     Demand deposits             3,341      3,952      2,988
 25     Time deposits (2)          28,942     35,573     19,471
 26     Other (3)                  65,332     57,464     61,065

 27   Banks' custodial
        liabilities (5)           197,409    200,614    201,320
 28     U.S. Treasury bills
            and
            certificates (6)      156,177    153,010    161,719
 29     Short-term agency
            securities (7)          n.a.       n.a.      36,351
 30     Other negotiable and
            readily
            transferable
            instruments (8)        41,182     47,366      2,180
 31     Other                          50        238      1,070

 32 Banks (11)                    900,379    972,932  1,047,307 (r)
 33   Banks' own liabilities      728,492    821,306    907,979 (r)
 34     Unaffiliated foreign
          banks                   119,313    136,319    122,513 (r)
 35       Demand deposits          17,583     15,522     13,089
 36       Time deposits (2)        48,140     66,904     52,910
 37       Other (3)                53,590     53,893     56,514 (r)
 38     Own foreign
          offices (4)             609,179    684,987    785,466 (r)

 39   Banks' custodial
        liabilities (5)           171,887    151,626    139,328 (r)
 40     U.S. Treasury bills
            and
            certificates (6)       16,796     16,023     11,541 (r)
 41     Short-term agency
            securities (7)          n.a.       n.a.       2,078
 42     Other negotiable and
            readily
            transferable
            instruments (8)        45,695     36,036     21,981
 43     Other                     109,396     99,567    103,728

 44 Other foreigners              198,061    228,333    276,669 (r)
 45   Banks' own liabilities      131,072    147,201    171,293 (r)
 46     Demand deposits            21,862     13,850     17,489
 47     Time deposits (2)          76,189     79,160     78,024
 48     Other (3)                  33,021     54,191     75,780 (r)

 49 Banks' custodial
      liabilities (5)              66,989     81,132    105,376 (r)
 50   U.S. Treasury bills and
          certificates (6)         12,023      8,561     12,255 (r)
 51   Short-term agency
          securities (7)            n.a.       n.a.      21,312
 52   Other negotiable and
          readily transferable
          instruments (8)          45,507     62,289     55,844
 53   Other                         9,459     10,282     15,965

    MEMO
 54 Negotiable time
       certificates
       of deposits in custody
       for foreigners              30,345     34,217     20,440
 55 Repurchase agreements (7)       n.a.       n.a.     150,737

       AREA OR COUNTRY

 56 Total, all foreigners       1,408,740  1,511,410  1,619,624 (r)

 57 Foreign countries           1,393,464  1,498,867  1,608,820 (r)

 58 Europe                        441,810    446,788    520,970 (r)
 59   Austria                       2,789      2,692      2,919
 60   Belgium (12)                 44,692     33,399      6,548
 61   Denmark                       2,196      3,000      3,625
 62   Finland                       1,658      1,411      1,445
 63   France                       49,790     37,833     49,034
 64   Germany                      24,753     35,519     22,342
 65   Greece                        3,748      2,011      2,303
 66   Italy                         6,775      5,072      6,342
 67   Luxembourg (12)               n.a.       n.a.      16,894 (r)
 68   Netherlands                   8,143      7,047     12,404
 69   Norway                        1,327      2,305      3,725
 70   Portugal                      2,228      2,403      4,029
 71   Russia                        5,475     19,018     20,782
 72   Spain                        10,426      7,787      8,791
 73   Sweden                        4,652      6,497      3,371
 74   Switzerland                  63,485     74,635     66,390 (r)
 75   Turkey                        7,842      7,548      7,472
 76   United Kingdom              172,687    167,757    204,208 (r)
 77   Channel Islands and Isle
        of Man (13)                 n.a.       n.a.      36,057
 78   Yugoslavia (14)                 286        276        309
 79   Other Europe and other
        former U.S.S.R. (15)       28,858     30,578     41,980 (r)

 80 Canada                         34,214     30,982     27,228 (r)

 81 Latin America                 117,495    120,041    117,528
 82   Argentina                    18,633     19,451     10,655
 83   Brazil                       12,865     10,852     14,135
 84   Chile                         7,008      5,892      4,929
 85   Colombia                      5,669      4,542      4,668
 86   Ecuador                       1,956      2,112      2,377
 87   Guatemala                     1,626      1,601      1,876
 88   Mexico                       30,717     32,166     39,630
 89   Panama                        4,415      4,240      3,588
 90   Peru                          1,142      1,427      1,350
 91   Uruguay                       2,386      3,003      3,160
 92   Venezuela                    20,192     24,730     24,920
 93   Other Latin America (16)     10,886     10,025      6,240

 94 Caribbean                     461,200    573,337    631,243 (r)
 95   Bahamas                     135,811    189,298    179,198 (r)
 96   Bermuda                       7,874      9,636     10,477 (r)
 97   British West Indies (17)    312,278    367,197      n.a.
 98   Cayman Islands (17)           n.a.       n.a.     423,792 (r)
 99   Cuba                             75         90         88
100   Jamaica                         520        794      1,179
101   Netherlands Antilles          4,047      5,428      3,259 (r)
102   Trinidad and Tobago             595        894      1,266
103   Other Caribbean (16)          n.a.       n.a.      11,984 (r)

104 Asia                          319,489    305,554    294,263 (r)
      China
105     Mainland                   12,325     16,531     10,472
106     Taiwan                     13,603     17,352     17,562
107     Hong Kong                  27,701     26,462     26,494
108   India                         7,367      4,530      3,703
109   Indonesia                     6,567      8,514     12,381
110   Israel                        7,488      8,053      7,826
111   Japan                       159,075    150,415    155,293 (r)
112   Korea (South)                12,988      7,955      9,015 (r)
113   Philippines                   3,268      2,316      1,764
114   Thailand                      6,050      3,117      4,742
115   Middle Eastern
        oil-exporting
        countries (18)             21,314     23,763     20,022
116   Other                        41,743     36,546     24,989 (r)

117 Africa                          9,468     10,824     11,343
118   Egypt                         2,022      2,621      2,774
119   Morocco                         179        139        273
120   South Africa                  1,495      1,010        833
121   Congo (formerly Zaire)           14          4          4
122   Oil-exporting
        countries (19)              2,914      4,052      4,372
123   Other                         2,844      2,998      3,087

124 Other countries                 9,788     11,341      6,245 (r)
125   Australia                     8,377     10,070      5,593 (r)
126   New Zealand (20)              n.a.       n.a.         240 (r)
127   All other                     1,411      1,271        412

128 Nonmonetary international
      and regional
      organizations                15,276     12,543     10,804
129   International (21)           12,876     11,270      9,305
130   Latin American
        regional (22)               1,150        740        480
131   Other regional (23)           1,250        533        935

                                            2001
             Item

    BY HOLDER AND TYPE OF           Oct.           Nov.
          LIABILITY

  1 Total, all foreigners       1,585,431 (r)  1,655,781 (r)

  2 Banks' own liabilities      1,132,862 (r)  1,195,440 (r)
  3   Demand deposits              29,735         34,725
  4   Time deposits (2)           167,943        155,530
  5   Other (3)                   207,428 (r)    219,596 (r)
  6   Own foreign offices (4)     727,756 (r)    785,589 (r)

  7 Banks' custodial
      liabilities (5)             452,569 (r)    460,341 (r)
  8   U.S. Treasury bills and
         certificates (6)         183,077 (r)    191,186 (r)
  9   Short-term agency
         securities (7)            65,652         59,723
 10   Other negotiable and
         readily transferable
         instruments (8)           77,465         79,074
 11   Other                       126,375        130,358

 12 Nonmonetary international
      and regional
      organizations (9)            10,336         11,168
 13   Banks' own liabilities        9,773         10,332
 14     Demand deposits                40             21
 15     Time deposits (2)           2,827          3,133
 16     Other (3)                   6,906          7,178

 17 Banks' custodial
      liabilities (6)                 563            836
 18     U.S. Treasury bills
            and                       521            779
            certificates (6)
 19     Short-term agency              18             36
            securities (7)
 20     Other negotiable and
            readily
            transferable
            instruments (8)            13             17
 21     Other                          11             14

 22 Official institutions (10)    301,084        298,223
 23   Banks' own liabilities       96,143         92,346
 24     Demand deposits             2,496          3,336
 25     Time deposits (2)          24,275         18,348
 26     Other (3)                  69,372         70,662

 27   Banks' custodial
        liabilities (5)           204,941        205,877
 28     U.S. Treasury bills
            and
            certificates (6)      161,081        167,562
 29     Short-term agency
            securities (7)         41,078         35,037
 30     Other negotiable and
            readily
            transferable
            instruments (8)         1,946          1,715
 31     Other                         836          1,563

 32 Banks (11)                  1,011,339 (r)  1,070,899 (r)
 33   Banks' own liabilities      863,983 (r)    921,874 (r)
 34     Unaffiliated foreign
          banks                   136,227 (r)    136,285 (r)
 35       Demand deposits          11,166         13,149
 36       Time deposits (2)        61,244         56,132
 37       Other (3)                63,817 (r)     67,004 (r)
 38     Own foreign
          offices (4)             727,756 (r)    785,589 (r)

 39   Banks' custodial
        liabilities (5)           147,356 (r)    149,025 (r)
 40     U.S. Treasury bills
            and
            certificates (6)       10,343 (r)     10,960 (r)
 41     Short-term agency
            securities (7)          2,868          2,470
 42     Other negotiable and
            readily
            transferable
            instruments (8)        23,900         23,384
 43     Other                     110,245        112,211

 44 Other foreigners              262,672 (r)    275,491 (r)
 45   Banks' own liabilities      162,963 (r)    170,888 (r)
 46     Demand deposits            16,033         18,219
 47     Time deposits (2)          79,597         77,917
 48     Other (3)                  67,333 (r)     74,752 (r)

 49 Banks' custodial
      liabilities (5)              99,709 (r)    104,603 (r)
 50   U.S. Treasury bills and
          certificates (6)         11,132 (r)     11,885 (r)
 51   Short-term agency
          securities (7)           21,688         22,180
 52   Other negotiable and
          readily transferable
          instruments (8)          51,606         53,958
 53   Other                        15,283         16,580

    MEMO
 54 Negotiable time
       certificates
       of deposits in custody
       for foreigners              22,646         22,778
 55 Repurchase agreements (7)     127,386        134,672

       AREA OR COUNTRY

 56 Total, all foreigners       1,585,431 (r)  1,655,781 (r)

 57 Foreign countries           1,575,094 (r)  1,644,613 (r)

 58 Europe                        455,924 (r)    520,447 (r)
 59   Austria                       2,117          2,944
 60   Belgium (12)                  6,960          6,640
 61   Denmark                       3,752          4,248
 62   Finland                       1,223          1,135
 63   France                       49,059         49,692
 64   Germany                      23,707         23,111
 65   Greece                        2,409          2,081
 66   Italy                         5,445          5,913
 67   Luxembourg (12)              14,627 (r)     16,553 (r)
 68   Netherlands                  12,286         13,079
 69   Norway                        3,145          3,056
 70   Portugal                      3,787          3,924
 71   Russia                       23,431         21,243
 72   Spain                         9,785         10,595
 73   Sweden                        3,461          3,705
 74   Switzerland                  39,706         81,128
 75   Turkey                        6,749          6,822
 76   United Kingdom              163,726 (r)    184,100 (r)
 77   Channel Islands and Isle
        of Man (13)                36,392         36,161
 78   Yugoslavia (14)                 313            310
 79   Other Europe and other
        former U.S.S.R. (15)       43,844 (r)     44,007 (r)

 80 Canada                         25,583 (r)     28,021 (r)

 81 Latin America                 122,542 (r)    120,293
 82   Argentina                    13,407         10,783
 83   Brazil                       16,402 (r)     14,290
 84   Chile                         5,417          5,298
 85   Colombia                      4,589          4,643
 86   Ecuador                       2,105          2,010
 87   Guatemala                     1,851          1,934
 88   Mexico                       40,368         40,245
 89   Panama                        3,741          3,524
 90   Peru                          1,509          1,585
 91   Uruguay                       3,133          3,300
 92   Venezuela                    23,590         26,105
 93   Other Latin America (16)      6,430          6,576

 94 Caribbean                     649,962 (r)    656,790 (r)
 95   Bahamas                     212,417 (r)    201,677 (r)
 96   Bermuda                       9,743 (r)      9,268 (r)
 97   British West Indies (17)      n.a.           n.a.
 98   Cayman Islands (17)         406,489 (r)    426,047 (r)
 99   Cuba                             86             85
100   Jamaica                         880            930
101   Netherlands Antilles          6,210 (r)      4,179 (r)
102   Trinidad and Tobago           1,509          1,768
103   Other Caribbean (16)         12,628 (r)         12,836

104 Asia                          301,453 (r)    299,418 (r)
      China
105     Mainland                   17,891         12,378
106     Taiwan                     19,194         21,116
107     Hong Kong                  23,163 (r)     26,305
108   India                         3,891          3,916
109   Indonesia                    12,351         11,758
110   Israel                        7,343          7,742
111   Japan                       160,058 (r)    157,807 (r)
112   Korea (South)                 7,725          8,098
113   Philippines                   1,756          2,109
114   Thailand                      3,666          4,792
115   Middle Eastern
        oil-exporting
        countries (18)             18,443         18,620
116   Other                        25,972 (r)     24,777 (r)

117 Africa                         12,088         11,222
118   Egypt                         2,910          3,110
119   Morocco                         331            344
120   South Africa                    886          1,018
121   Congo (formerly Zaire)            4              1
122   Oil-exporting
        countries (19)              4,980          3,967
123   Other                         2,977          2,782

124 Other countries                 7,542 (r)      8,422 (r)
125   Australia                     6,586 (r)      7,802 (r)
126   New Zealand (20)                507 (r)        219 (r)
127   All other                       449            401

128 Nonmonetary international
      and regional
      organizations                10,337         11,168
129   International (21)            8,784          9,410
130   Latin American
        regional (22)                 680            462
131   Other regional (23)             822          1,234

                                    2001           2002
             Item

    BY HOLDER AND TYPE OF           Dec.           Jan.
          LIABILITY

  1 Total, all foreigners       1,619,624 (r)  1,567,147 (r)

  2 Banks' own liabilities      1,172,962 (r)  1,108,839 (r)
  3   Demand deposits              33,600         31,704
  4   Time deposits (2)           154,160        153,242 (r)
  5   Other (3)                   199,736 (r)    208,435 (r)
  6   Own foreign offices (4)     785,466 (r)    715,458 (r)

  7 Banks' custodial
      liabilities (5)             446,662 (r)    458,308 (r)
  8   U.S. Treasury bills and
         certificates (6)         186,092 (r)    190,144 (r)
  9   Short-term agency
         securities (7)            59,781         52,515
 10   Other negotiable and
         readily transferable
         instruments (8)           80,026         80,270
 11   Other                       120,763        135,379

 12 Nonmonetary international
      and regional
      organizations (9)            10,804         17,155
 13   Banks' own liabilities       10,166         16,227
 14     Demand deposits                34             35
 15     Time deposits (2)           3,755          7,581
 16     Other (3)                   6,377          8,611

 17 Banks' custodial
      liabilities (6)                 638            928
 18     U.S. Treasury bills
            and                       577            883
            certificates (6)
 19     Short-term agency              40             24
            securities (7)
 20     Other negotiable and
            readily
            transferable
            instruments (8)            21             21
 21     Other                           0              0

 22 Official institutions (10)    284,844        288,821
 23   Banks' own liabilities       83,524         87,346
 24     Demand deposits             2,988          2,877
 25     Time deposits (2)          19,471         15,191 (r)
 26     Other (3)                  61,065         69,278 (r)

 27   Banks' custodial
        liabilities (5)           201,320        201,475
 28     U.S. Treasury bills
            and                   161,719        166,640
            certificates (6)
 29     Short-term agency          36,351         31,445
            securities (7)
 30     Other negotiable and
            readily
            transferable
            instruments (8)         2,180          2,191
 31     Other                       1,070          1,199

 32 Banks (11)                  1,047,307 (r)    989,499 (r)
 33   Banks' own liabilities      907,979 (r)    836,273 (r)
 34     Unaffiliated foreign
          banks                   122,513 (r)    120,815 (r)
 35       Demand deposits          13,089         10,376
 36       Time deposits (2)        52,910         52,274 (r)
 37       Other (3)                56,514 (r)     58,165 (r)
 38     Own foreign
          offices (4)             785,466 (r)    715,458 (r)

 39   Banks' custodial
        liabilities (5)           139,328 (r)    153,226 (r)
 40     U.S. Treasury bills
            and
            certificates (6)       11,541 (r)     10,222 (r)
 41     Short-term agency
            securities (7)          2,078          2,525
 42     Other negotiable and
            readily
            transferable
            instruments (8)        21,981         22,959
 43     Other                     103,728        117,520

 44 Other foreigners              276,669 (r)    271,672 (r)
 45   Banks' own liabilities      171,293 (r)    168,993 (r)
 46     Demand deposits            17,489         18,416
 47     Time deposits (2)          78,024         78,196 (r)
 48     Other (3)                  75,780 (r)     72,381 (r)

 49 Banks' custodial
      liabilities (5)             105,376 (r)    102,679 (r)
 50   U.S. Treasury bills and
          certificates (6)         12,255 (r)     12,399 (r)
 51   Short-term agency
          securities (7)           21,312         18,521
 52   Other negotiable and
          readily transferable
          instruments (8)          55,844         55,099
 53   Other                        15,965         16,660

    MEMO
 54 Negotiable time
       certificates
       of deposits in custody
       for foreigners              20,440         22,095
 55 Repurchase agreements (7)     150,737        127,852

       AREA OR COUNTRY

 56 Total, all foreigners       1,619,624 (r)  1,567,147 (r)

 57 Foreign countries           1,608,820 (r)  1,549,992 (r)

 58 Europe                        520,970 (r)    503,908 (r)
 59   Austria                       2,919          2,999
 60   Belgium (12)                  6,548          6,573
 61   Denmark                       3,625          3,149
 62   Finland                       1,445          1,372
 63   France                       49,034         45,102
 64   Germany                      22,342         23,794
 65   Greece                        2,303          2,706
 66   Italy                         6,342          5,597
 67   Luxembourg (12)              16,894 (r)     15,121 (r)
 68   Netherlands                  12,404         13,355 (r)
 69   Norway                        3,725          4,976
 70   Portugal                      4,029          4,369
 71   Russia                       20,782         19,776
 72   Spain                         8,791         12,618
 73   Sweden                        3,371          3,104
 74   Switzerland                  66,390 (r)     80,813
 75   Turkey                        7,472          8,696 (r)
 76   United Kingdom              204,208 (r)    169,466 (r)
 77   Channel Islands and Isle
        of Man (13)                36,057         36,474
 78   Yugoslavia (14)                 309            298
 79   Other Europe and other
        former U.S.S.R. (15)       41,980 (r)     43,550 (r)

 80 Canada                         27,228 (r)     28,076 (r)

 81 Latin America                 117,528        115,703 (r)
 82   Argentina                    10,655          9,904
 83   Brazil                       14,135         13,133 (r)
 84   Chile                         4,929          5,275
 85   Colombia                      4,668          4,506
 86   Ecuador                       2,377          2,231
 87   Guatemala                     1,876          1,861
 88   Mexico                       39,630         40,355
 89   Panama                        3,588          3,514
 90   Peru                          1,350          1,341
 91   Uruguay                       3,160          2,646
 92   Venezuela                    24,920         24,258
 93   Other Latin America (16)      6,240          6,679

 94 Caribbean                     631,243 (r)    600,910 (r)
 95   Bahamas                     179,198 (r)    156,255 (r)
 96   Bermuda                      10,477 (r)      9,623 (r)
 97   British West Indies (17)      n.a.           n.a.
 98   Cayman Islands (17)         423,792 (r)    418,198 (r)
 99   Cuba                             88             88
100   Jamaica                       1,179          1,106
101   Netherlands Antilles          3,259 (r)      3,513 (r)
102   Trinidad and Tobago           1,266          1,979
103   Other Caribbean (16)         11,984 (r)     10,148 (r)

104 Asia                          294,263 (r)    280,857 (r)
      China
105     Mainland                   10,472          8,501
106     Taiwan                     17,562         16,997
107     Hong Kong                  26,494         25,272 (r)
108   India                         3,703          3,766
109   Indonesia                    12,381         11,893
110   Israel                        7,826         10,727
111   Japan                       155,293 (r)    146,955 (r)
112   Korea (South)                 9,015 (r)      6,718 (r)
113   Philippines                   1,764          1,910
114   Thailand                      4,742          4,651
115   Middle Eastern
        oil-exporting
        countries (18)             20,022         17,850
116   Other                        24,989 (r)     25,617 (r)

117 Africa                         11,343         12,988
118   Egypt                         2,774          4,271
119   Morocco                         273            243
120   South Africa                    833          1,137
121   Congo (formerly Zaire)            4              6
122   Oil-exporting
        countries (19)              4,372          4,165
123   Other                         3,087          3,166

124 Other countries                 6,245 (r)      7,550 (r)
125   Australia                     5,593 (r)      6,762 (r)
126   New Zealand (20)                240 (r)        373 (r)
127   All other                       412            415

128 Nonmonetary international
      and regional
      organizations                10,804         17,155
129   International (21)            9,305         15,521
130   Latin American
        regional (22)                 480            443
131   Other regional (23)             935          1,113

                                                   2002
             Item

    BY HOLDER AND TYPE OF           Feb.        Mar. (r)       Apr. (p)
          LIABILITY

  1 Total, all foreigners       1,600,953 (r)  1,650,469      1,681,844

  2 Banks' own liabilities      1,132,535 (r)  1,168,443      1,211,022
  3   Demand deposits              32,736         38,272         33,269
  4   Time deposits (2)           147,929 (r)    145,421        143,339
  5   Other (3)                   215,680 (r)    210,633        225,906
  6   Own foreign offices (4)     736,190 (r)    774,117        808,508

  7 Banks' custodial
         liabilities (5)          468,418 (r)    482,026        470,822
  8   U.S. Treasury bills and
         certificates (6)         187,851 (r)    189,640        182,983
  9   Short-term agency
         securities (7)            66,056         68,670         69,550
 10   Other negotiable and
         readily transferable
         instruments (8)           81,730         93,771         95,487
 11   Other                       132,781        129,945        122,802

 12 Nonmonetary international
      and regional
      organizations (9)            15,453         12,106         14,440
 13   Banks' own liabilities       14,553         10,914         13,426
 14     Demand deposits                31             22             19
 15     Time deposits (2)           5,482          7,023          6,193
 16     Other (3)                   9,040          3,869          7,214

 17 Banks' custodial
      liabilities (6)                 900          1,192          1,014
 18     U.S. Treasury bills
            and                       859          1,105            970
            certificates (6)
 19     Short-term agency              24             21             21
            securities (7)
 20     Other negotiable and
            readily
            transferable
            instruments (8)            17             21             21
 21     Other                           0             45              2

 22 Official institutions (10)    297,630        286,829        290,292
 23   Banks' own liabilities       85,142         80,693         85,313
 24     Demand deposits             2,150          3,285          2,496
 25     Time deposits (2)          16,350 (r)     13,975         15,499
 26     Other (3)                  66,642 (r)     63,433         67,318

 27   Banks' custodial
        liabilities (5)           212,488        206,136        204,979
 28     U.S. Treasury bills
            and                   164,076        161,312        155,770
            certificates (6)
 29     Short-term agency          45,085         40,826         45,910
            securities (7)
 30     Other negotiable and
            readily
            transferable
            instruments (8)         2,307          2,785          2,702
 31     Other                       1,020          1,213            597

 32 Banks (11)                  1,014,020 (r)  1,079,082      1,101,347
 33   Banks' own liabilities      864,115 (r)    904,291        934,525
 34     Unaffiliated foreign
          banks                   127,925 (r)    130,174        126,017
 35       Demand deposits          12,786         16,340         12,181
 36       Time deposits (2)        48,241 (r)     47,633         46,031
 37       Other (3)                66,898 (r)     66,201         67,805
 38     Own foreign
          offices (4)             736,190 (r)    774,117        808,508

 39   Banks' custodial
        liabilities (5)           149,905 (r)    174,791        166,822
 40     U.S. Treasury bills
            and
            certificates (6)       10,323 (r)     11,374         13,016
 41     Short-term agency
            securities (7)          1,916          7,399          3,456
 42     Other negotiable and
            readily
            transferable
            instruments (8)        23,694         36,832         37,267
 43     Other                     113,972        119,186        113,083

 44 Other foreigners              273,850 (r)    272,452        275,765
 45   Banks' own liabilities      168,725 (r)    172,545        177,758
 46     Demand deposits            17,769         18,625         18,573
 47     Time deposits (2)          77,856 (r)     76,790         75,616
 48     Other (3)                  73,100 (r)     77,130         83,569

 49 Banks' custodial
      liabilities (5)             105,125 (r)     99,907         98,007
 50   U.S. Treasury bills and
          certificates (6)         12,593 (r)     15,849         13,227
 51   Short-term agency
          securities (7)           19,031         20,424         20,163
 52   Other negotiable and
          readily transferable
          instruments (8)          55,712         54,133         55,497
 53   Other                        17,789          9,501          9,120

    MEMO
 54 Negotiable time
       certificates
       of deposits in custody
       for foreigners              22,831         21,498         24,061
 55 Repurchase agreements (7)     131,331        127,160        140,545

       AREA OR COUNTRY

 56 Total, all foreigners       1,600,953 (r)  1,650,469 (r)  1,681,844

 57 Foreign countries           1,585,500 (r)  1,638,363 (r)  1,667,404

 58 Europe                        517,903 (r)    520,204 (r)    541,215
 59   Austria                       3,050          3,146          3,343
 60   Belgium (12)                  6,567          7,930          6,617
 61   Denmark                       2,970          2,878          2,827
 62   Finland                       1,159          1,682          1,239
 63   France                       41,172         35,113         36,349
 64   Germany                      23,740         26,106         26,020
 65   Greece                        2,856          2,560          2,285
 66   Italy                         5,109          5,548          5,140
 67   Luxembourg (12)              14,748 (r)     14,299 (r)     14,205
 68   Netherlands                  13,880 (r)     13,820 (r)     11,134
 69   Norway                        4,871          7,703          6,470
 70   Portugal                      4,799          5,416          5,050
 71   Russia                       20,841         21,423         22,113
 72   Spain                        10,233          9,406         10,737
 73   Sweden                        3,700          3,412          2,495
 74   Switzerland                  94,679        107,650        129,023
 75   Turkey                       11,518 (r)     11,515 (r)     11,675
 76   United Kingdom              170,192 (r)    161,502 (r)    163,313
 77   Channel Islands and Isle
        of Man (13)                37,226         38,012         38,102
 78   Yugoslavia (14)                 317            296            265
 79   Other Europe and other
        former U.S.S.R. (15)       44,276 (r)     40,787 (r)     42,813

 80 Canada                         27,434 (r)     28,402 (r)     26,275

 81 Latin America                 115,000 (r)    112,933 (r)    111,766
 82   Argentina                    10,360         11,622         11,875
 83   Brazil                       12,875 (r)     14,628 (r)     14,092
 84   Chile                         5,143          5,299 (r)      6,326
 85   Colombia                      4,587          4,159          4,226
 86   Ecuador                       2,363          2,269          2,342
 87   Guatemala                     1,821          1,812          1,782
 88   Mexico                       40,797         35,700         34,888
 89   Panama                        3,604          3,350          3,336
 90   Peru                          1,347          1,548          1,225
 91   Uruguay                       2,536          2,913 (r)      2,648
 92   Venezuela                    22,952         22,937 (r)     22,380
 93   Other Latin America (16)      6,615          6,696          6,646

 94 Caribbean                     606,583 (r)    648,015 (r)    659,754
 95   Bahamas                     147,831 (r)    171,403 (r)    164,535
 96   Bermuda                      11,231 (r)     10,296 (r)     11,689
 97   British West Indies (17)      n.a.           n.a.           n.a.
 98   Cayman Islands (17)         431,604 (r)    449,368 (r)    464,224
 99   Cuba                             89             89             90
100   Jamaica                       1,103          1,115          1,047
101   Netherlands Antilles          3,181 (r)      3,821 (r)      5,767
102   Trinidad and Tobago           1,547          1,406          1,791
103   Other Caribbean (16)          9,997 (r)     10,517         10,611

104 Asia                          299,394 (r)    307,576 (r)    310,187
      China
105     Mainland                   21,167         16,725 (r)     22,338
106     Taiwan                     21,533         20,462         24,482
107     Hong Kong                  23,698         22,844 (r)     25,201
108   India                         4,167          4,512          4,079
109   Indonesia                    11,441         11,220         11,875
110   Israel                        9,433          9,600          9,541
111   Japan                       151,730 (r)    166,692 (r)    158,156
112   Korea (South)                 6,527 (r)      5,595 (r)      5,999
113   Philippines                   1,429          1,530          1,671
114   Thailand                      5,035          5,432          4,940
115   Middle Eastern
        oil-exporting
        countries (18)             16,931         18,684         17,442
116   Other                        26,303 (r)     24,280 (r)     24,463

117 Africa                         11,983         12,023         11,904
118   Egypt                         3,961          3,857          3,605
119   Morocco                         197            127            234
120   South Africa                    928          1,060            895
121   Congo (formerly Zaire)            2              1              6
122   Oil-exporting
        countries (19)              3,763          3,911          3,829
123   Other                         3,132          3,067          3,335

124 Other countries                 7,203 (r)      9,210 (r)      6,303
125   Australia                     6,376 (r)      8,199 (r)      5,359
126   New Zealand (20)                420 (r)        456            546
127   All other                       407 (r)        555            398

128 Nonmonetary international
      and regional
      organizations                15,453         12,106         14,440
129   International (21)           13,714          9,853         12,261
130   Latin American
        regional (22)                 520            731            954
131   Other regional (23)           1,140          1,441          1,158

(1.) Reporting banks include all types of depository institutions
as well as some brokers and dealers. Excludes bonds and notes of
maturities longer than one year.

(2.) Excludes negotiable time certificates deposit, which are
included in "Other negotiable and readily transferable instruments."

(3.) Includes borrowing under repurchase agreements.

(4.) For U.S. banks, includes amounts owed to own foreign branches
and foreign subsidiaries consolidated in quarterly Consolidated
Reports of Condition filed with bank regulatory agencies. For agencies,
branches, and majority-owned subsidiaries of foreign banks, consists
principally of amounts owed to the head office or parent foreign bank,
and to foreign branches, agencies, or wholly owned subsidiaries of the
head office or parent foreign bank.

(5.) Financial claims on residents of the United States, other than
long-term securities, held by or through reporting banks for foreign
customers.

(6.) Includes nonmarketable certificates of indebtedness and Treasury
bills issued to official institutions of foreign countries.

(7.) Data available beginning January 2001.

(8.) Principally bankers acceptances, commercial paper, and
negotiable time certificates of deposit.

(9.) Principally the International Bank for Reconstruction and
Development, the Inter-American Development Bank, and the Asian
Development Bank. Excludes "holdings of dollars" of the
International Monetary Fund.

(10.) Foreign central banks, foreign central governments, and
the Bank for International Settlements.

(11.) Excludes central banks, which are included in "Official
institutions."

(12.) Before January 2001, data for Belgium-Luxembourg were combined.

(13.) Before January 2001, these data were included in data reported
for the United Kingdom.

(14.) Since December 1992, has excluded Bosnia, Croatia, and Slovenia.

(15.) Includes the Bank for International Settlements and the European
Central Bank. Since December 1992, has included all parts of the
former U.S.S.R. (except Russia), and Bosnia, Croatia, and Slovenia.

(16.) Before January 2001, data for "Other Latin America" and "Other
Caribbean" were combined in "Other Latin America and Caribbean."

(17.) Beginning January 2001, data for the Cayman Islands replaced
data for the British West Indies.

(18.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi
Arabia, and United Arab Emirates (Trucial States).

(19.) Comprises Algeria, Gabon, Libya, and Nigeria.

(20.) Before January 2001, these data were included in "All other."

(21.) Principally the International Bank for Reconstruction and
Development. Excludes "holdings of dollars" of the International
Monetary Fund.

(22.) Principally the Inter-American Development Bank.

(23.) Asian, African, Middle Eastern, and European regional
organizations, except the Bank for International Settlements,
which is included in "Other Europe."
3.18 BANKS' OWN CLAIMS ON FOREIGNERS Reported by Banks in the United
States (1)

Payable in U.S. dollars

Millions of dollars, end of period

        Area or country            1999     2000      2001

 1 Total, all foreigners          793,139  904,642  1,051,613

 2 Foreign countries              788,576  899,956  1,046,667

 3 Europe                         311,686  378,115    460,970
 4   Austria                        2,643    2,926      5,006
 5   Belgium (2)                   10,193    5,399      6,339
 6   Denmark                        1,669    3,272      1,105
 7   Finland                        2,020    7,382     10,350
 8   France                        29,142   40,035     60,670
 9   Germany                       29,205   36,834     29,902
l0   Greece                           806      646        330
ll   Italy                          8,496    7,629      4,205
12   Luxembourg (2)                 n.a.     n.a.       1,267
13   Netherlands                   11,810   17,043     15,927
14   Norway                         1,000    5,012      6,249
15   Portugal                       1,571    1,382      1,603
16   Russia                           713      517        594
17   Spain                          3,796    2,603      3,231
18   Sweden                         3,264    9,226     12,544
19   Switzerland                   79,158   82,085     87,363
20   Turkey                         2,617    3,059      2,124
21   United Kingdom               115,971  144,938    200,921
22   Channel Islands and
       Isle of Man (3)              n.a.     n.a.       4,478
23   Yugoslavian                       50       50      n.a.
24   Other Europe and other
       former U.S.S.R. (5)          7,562    8,077      6,762

25 Canada                          37,206   39,837     54,421

26 Latin America                   74,040   76,561     69,762
27   Argentina                     10,894   11,519     10,763
28   Brazil                        16,987   20,567     19,434
29   Chile                          6,607    5,815      5,317
30   Colombia                       4,524    4,370      3,602
31   Ecuador                          760      635        495
32   Guatemala                      1,135    1,244      1,495
33   Mexico                        17,899   17,415     16,522
34   Panama                         3,387    2,933      3,066
35   Peru                           2,529    2,807      2,185
36   Uruguay                          801      673        447
37   Venezuela                      3,494    3,518      3,077
38   Other Latin America (6)        5,023    5,065      3,359

39 Caribbean                      281,128  319,403    367,655
40   Bahamas                       99,066  114,090    101,034
41   Bermuda                        8,007    9,260      7,900
42   British West Indies (7)      167,189  189,289      n.a.
43   Cayman Islands (7)             n.a.     n.a.     247,086
44   Cuba                               0        0      n.a.
45   Jamaica                          295      355        418
46   Netherlands Antilles           5,982    5,801      6,729
47   Trinidad and Tobago              589      608        931
48   Other Caribbean (6)            n.a.     n.a.       3,557

49 Asia                            75,143   77,829     85,882
     China
50     Mainland                     2,110    1,606      2,073
51     Taiwan                       1,390    2,247      4,407
52     Hong Kong                    5,903    6,669      9,995
53   India                          1,738    2,178      1,348
54   Indonesia                      1,776    1,914      1,752
55   Israel                         1,875    2,729      4,396
56   Japan                         28,641   34,974     34,125
57   Korea (South)                  9,426    7,776     10,622
58   Philippines                    1,410    1,784      2,587
59   Thailand                       1,515    1,381      2,499
60   Middle Eastern
       oil-exporting
       countries (8)               14,267    9,346      7,882
61   Other                          5,092    5,225      4,196

62 Africa                           2,268    2,094      2,135
63   Egypt                            258      201        416
64   Morocco                          352      204        106
65   South Africa                     622      309        710
66   Congo (formerly Zaire)            24        0      n.a.
67   Oil-exporting countries (9)      276      471        167
68   Other                            736      909        736

69 Other countries                  7,105    6,117      5,842
70   Australia                      6,824    5,868      5,455
71   New Zealand (10)               n.a.     n.a.         349
72   All other                        281      249         38

73 Nonmonetary international and
     regional organizations (11)    4,563    4,686      4,946

                                               2001
        Area or country
                                    Oct.       Nov.       Dec.

 1 Total, all foreigners          1,016,715  1,051,715  1,051,613

 2 Foreign countries              1,011,820  1,046,457  1,046,667

 3 Europe                           433,898    497,651    460,970
 4   Austria                          3,848      3,412      5,006
 5   Belgium (2)                      6,424      7,994      6,339
 6   Denmark                            933      2,507      1,105
 7   Finland                         12,065     11,010     10,350
 8   France                          60,732     58,769     60,670
 9   Germany                         39,605     36,295     29,902
l0   Greece                             333        327        330
ll   Italy                            7,750      6,321      4,205
12   Luxembourg (2)                   1,088      1,392      1,267
13   Netherlands                     17,256     17,173     15,927
14   Norway                           3,617      4,603      6,249
15   Portugal                         1,164      1,709      1,603
16   Russia                             863        680        594
17   Spain                            3,713      5,398      3,231
18   Sweden                          11,800     12,897     12,544
19   Switzerland                     71,968    121,798     87,363
20   Turkey                           2,324      2,243      2,124
21   United Kingdom                 178,428    193,737    200,921
22   Channel Islands and
       Isle of Man (3)                3,783      3,819      4,478
23   Yugoslavian                          4      n.a.       n.a.
24   Other Europe and other
       former U.S.S.R. (5)            6,200      5,567      6,762

25 Canada                            48,773     50,792     54,421

26 Latin America                     74,177     72,924     69,762
27   Argentina                       11,603     11,350     10,763
28   Brazil                          21,427     20,453     19,434
29   Chile                            5,423      5,522      5,317
30   Colombia                         3,564      3,598      3,602
31   Ecuador                            507        504        495
32   Guatemala                        1,568      1,522      1,495
33   Mexico                          17,272     16,996     16,522
34   Panama                           3,426      3,415      3,066
35   Peru                             2,435      2,369      2,185
36   Uruguay                            492        540        447
37   Venezuela                        3,221      3,306      3,077
38   Other Latin America (6)          3,239      3,349      3,359

39 Caribbean                        360,024    326,271    367,655
40   Bahamas                        124,546     97,916    101,034
41   Bermuda                         11,440      6,015      7,900
42   British West Indies (7)          n.a.       n.a.       n.a.
43   Cayman Islands (7)             211,484    208,198    247,086
44   Cuba                             n.a.       n.a.       n.a.
45   Jamaica                            380        406        418
46   Netherlands Antilles             7,647      9,583      6,729
47   Trinidad and Tobago                858        880        931
48   Other Caribbean (6)              3,669      3,273      3,557

49 Asia                              87,331     91,337     85,882
     China
50     Mainland                       4,118      4,427      2,073
51     Taiwan                         4,244      3,897      4,407
52     Hong Kong                      5,161      7,984      9,995
53   India                            1,561      1,609      1,348
54   Indonesia                        1,965      1,935      1,752
55   Israel                           3,980      4,592      4,396
56   Japan                           39,940     34,665     34,125
57   Korea (South)                   11,137     14,742     10,622
58   Philippines                      1,505      2,021      2,587
59   Thailand                         1,470      1,283      2,499
60   Middle Eastern
       oil-exporting
       countries (8)                  8,290     10,088      7,882
61   Other                            3,960      4,094      4,196

62 Africa                             1,878      2,108      2,135
63   Egypt                              381        477        416
64   Morocco                            148        116        106
65   South Africa                       443        571        710
66   Congo (formerly Zaire)           n.a.           1      n.a.
67   Oil-exporting countries (9)        169        179        167
68   Other                              737        764        736

69 Other countries                    5,739      5,374      5,842
70   Australia                        5,402      4,964      5,455
71   New Zealand (10)                   275        330        349
72   All other                           62         80         38

73 Nonmonetary international and
     regional organizations (11)      4,904      5,258      4,946

                                             2002
        Area or country
                                      Jan.           Feb.

 1 Total, all foreigners          1,003,832 (r)  1,006,174 (r)

 2 Foreign countries                999,963 (r)  1,002,347 (r)

 3 Europe                           464,082 (r)    467,053 (r)
 4   Austria                          4,063          3,604
 5   Belgium (2)                      6,426          5,603
 6   Denmark                          1,649          1,024
 7   Finland                         14,431         14,410
 8   France                          56,285         54,467
 9   Germany                         31,189         29,134
l0   Greece                             327            348
ll   Italy                            4,453          4,329
12   Luxembourg (2)                   1,601          2,884
13   Netherlands                     13,880         15,151
14   Norway                           4,779          4,435
15   Portugal                         1,969          1,998
16   Russia                             687            612
17   Spain                            5,363          4,987
18   Sweden                          11,924         13,260
19   Switzerland                     95,331        114,379
20   Turkey                           2,757 (r)      3,163 (r)
21   United Kingdom                 195,629        181,818
22   Channel Islands and
       Isle of Man (3)                3,747          3,986
23   Yugoslavian                      n.a.           n.a.
24   Other Europe and other
       former U.S.S.R. (5)            7,592          7,461

25 Canada                            49,967         52,755

26 Latin America                     69,427         68,791
27   Argentina                       10,444         10,334
28   Brazil                          19,700         19,353
29   Chile                            5,200          5,166
30   Colombia                         3,563          3,547
31   Ecuador                            465            491
32   Guatemala                        1,417          1,651
33   Mexico                          17,035         16,561
34   Panama                           2,765          2,788
35   Peru                             2,125          2,090
36   Uruguay                            437            444
37   Venezuela                        3,181          3,315
38   Other Latin America (6)          3,095          3,051

39 Caribbean                        327,814        326,948
40   Bahamas                         87,606 (r)     87,301 (r)
41   Bermuda                          7,018          5,633
42   British West Indies (7)          n.a.           n.a.
43   Cayman Islands (7)             221,145 (r)    223,578 (r)
44   Cuba                             n.a.           n.a.
45   Jamaica                            383            384
46   Netherlands Antilles             7,599          6,046
47   Trinidad and Tobago                940            955
48   Other Caribbean (6)              3,123          3,051

49 Asia                              80,650         78,905
     China
50     Mainland                       3,526          2,418
51     Taiwan                         3,422          4,101
52     Hong Kong                      7,670          7,319
53   India                            1,167          1,217
54   Indonesia                        1,768          1,644
55   Israel                           4,211          4,195
56   Japan                           30,973         30,722
57   Korea (South)                   12,689         12,745
58   Philippines                      1,951          1,681
59   Thailand                         1,743            745
60   Middle Eastern
       oil-exporting
       countries (8)                  7,559          7,341
61   Other                            3,971          4,777

62 Africa                             2,043          1,937
63   Egypt                              324            331
64   Morocco                            100             97
65   South Africa                       700            640
66   Congo (formerly Zaire)           n.a.           n.a.
67   Oil-exporting countries (9)        195            201
68   Other                              724            668

69 Other countries                    5,980          5,958
70   Australia                        5,336          5,207
71   New Zealand (10)                   603            732
72   All other                           41             19

73 Nonmonetary international and
     regional organizations (11)      3,869          3,827

                                           2002
        Area or country
                                      Mar.       Apr. (p)

 1 Total, all foreigners          1,053,331 (r)  1,094,615

 2 Foreign countries              1,047,818 (r)  1,090,358

 3 Europe                           487,148 (r)    525,422
 4   Austria                          3,895          3,127
 5   Belgium (2)                      4,750          4,288
 6   Denmark                          1,544          1,201
 7   Finland                         14,469         13,092
 8   France                          54,933         57,857
 9   Germany                         33,254         34,163
l0   Greece                             320            327
ll   Italy                            5,101          5,085
12   Luxembourg (2)                   3,366          3,407
13   Netherlands                     15,349         16,760
14   Norway                           7,026          6,572
15   Portugal                         1,795          2,083
16   Russia                           1,659            951
17   Spain                            4,847          3,524
18   Sweden                          11,793 (r)     11,373
19   Switzerland                    115,370        150,021
20   Turkey                           3,154 (r)      3,012
21   United Kingdom                 193,824 (r)    197,434
22   Channel Islands and
       Isle of Man (3)                3,848          3,775
23   Yugoslavian                      n.a.               2
24   Other Europe and other
       former U.S.S.R. (5)            6,851          7,368

25 Canada                            56,637 (r)     56,633

26 Latin America                     69,514 (r)     69,549
27   Argentina                        9,892 (r)      9,722
28   Brazil                          19,838 (r)     20,139
29   Chile                            5,399          5,220
30   Colombia                         3,711 (r)      3,663
31   Ecuador                            478 (r)        495
32   Guatemala                        1,413 (r)      1,329
33   Mexico                          17,081 (r)     17,354
34   Panama                           2,804          2,768
35   Peru                             2,048 (r)      2,019
36   Uruguay                            503 (r)        477
37   Venezuela                        3,463          3,472
38   Other Latin America (6)          2,884          2,891

39 Caribbean                        344,308 (r)    339,836
40   Bahamas                         98,078 (r)     94,472
41   Bermuda                          7,773          9,430
42   British West Indies (7)          n.a.           n.a.
43   Cayman Islands (7)             226,743 (r)    226,196
44   Cuba                             n.a.           n.a.
45   Jamaica                            418            413
46   Netherlands Antilles             7,137          5,367
47   Trinidad and Tobago                971 (r)        935
48   Other Caribbean (6)              3,188          3,023

49 Asia                              82,613 (r)     90,976
     China
50     Mainland                       4,161          6,130
51     Taiwan                         4,504          2,818
52     Hong Kong                      6,459          6,628
53   India                            1,224          1,276
54   Indonesia                        1,701          1,677
55   Israel                           2,875          4,413
56   Japan                           31,288         37,775
57   Korea (South)                   13,829 (r)     13,872
58   Philippines                      2,065          1,718
59   Thailand                         1,467          1,465
60   Middle Eastern
       oil-exporting
       countries (8)                  9,224          9,151
61   Other                            3,816          4,053

62 Africa                             2,080 (r)      1,916
63   Egypt                              358            333
64   Morocco                             88 (r)         85
65   South Africa                       735            621
66   Congo (formerly Zaire)           n.a.           n.a.
67   Oil-exporting countries (9)        211            234
68   Other                              688            643

69 Other countries                    5,518          6,026
70   Australia                        4,746          5,399
71   New Zealand (10)                   762            586
72   All other                           10             41

73 Nonmonetary international and
     regional organizations (11)      5,513          4,257

(1.) Reporting banks include all types of depository institutions
as well as some brokers and dealers.

(2.) Before January 2001, combined data reported for
Belgium-Luxembourg.

(3.) Before January 2001, data included in United Kingdom.

(4.) Since December 1992, has excluded Bosnia, Croatia, and Slovenia.

(5.) Includes the Bank for International Settlements and European
Central Bank. Since December 1992, has included all parts of the
former U.S.S.R. (except Russia) and Bosnia, Croatia, and Slovenia.

(6.) Before January 2001, "Other Latin America" and "Other Caribbean"
were reported as combined "Other Latin America and Caribbean."

(7.) Beginning 2001, Cayman Islands replaced British West Indies in
the data series.

(8.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi
Arabia, and United Arab Emirates (Trucial States).

(9.) Comprises Algeria, Gabon, Libya, and Nigeria.

(10.) Before January 2001, included in "All other."

(11.) Excludes the Bank for International Settlements, which is
included in "Other Europe."
3.19 BANKS' OWN AND DOMESTIC CUSTOMERS' CLAIMS ON FOREIGNERS Reported
by Banks in the United States (1)

Payable in U.S. dollars

Millions of dollars, end of period

        Type of claim            1999      2000       2001

 1 Total                        944,937  1,095,869  1,253,992

 2 Banks' claims                793,139    904,642  1,051,613
 3   Foreign public borrowers    35,090     37,907     49,018
 4   Own foreign offices (2)    529,682    630,137    745,834
 5   Unaffilliated foreign
       banks                     97,186     95,243    100,575
 6     Deposits                  34,538     23,886     26,189
 7     Other                     62,648     71,357     74,386
 8   All other foreigners       131,181    141,355    156,186

 9 Claims of banks domestic
     customers (3)              151,798    191,227    202,379
10   Deposits                    88,006    100,352     92,546
11   Negotiable and readily
       transferable
       instruments (4)           51,161     78,147     94,016
12 Outstanding collections and
       other claims              12,631     12,728     15,817

   MEMO
13 Customer liability on
     acceptances                  4,553      4,257      2,588
14 Banks' loans under resale
     agreements (5)               n.a.      n.a.      137,349
15 Dollar deposits in banks
       abroad, reported by
       nonbanking business
       enterprises in the
       United States (6)         31,125     53,153     60,711

                                             2001
        Type of claim
                                  Oct.       Nov.       Dec.

 1 Total                           ...        ...     1,253,992

 2 Banks' claims                1,016,715  1,051,715  1,051,613
 3   Foreign public borrowers      49,592     56,820     49,018
 4   Own foreign offices (2)      699,281    721,650    745,834
 5   Unaffilliated foreign
       banks                       95,647    100,608    100,575
 6     Deposits                    25,663     29,998     26,189
 7     Other                       69,984     70,610     74,386
 8   All other foreigners         172,195    172,637    156,186

 9 Claims of banks domestic
     customers (3)                 ...        ...       202,379
10   Deposits                      ...        ...        92,546
11   Negotiable and readily
       transferable
       instruments (4)             ...        ...        94,016
12 Outstanding collections and
       other claims                ...        ...        15,817

   MEMO

13 Customer liability on
     acceptances                   ...        ...         2,588
14 Banks' loans under resale
     agreements (5)               144,250    144,266    137,349
15 Dollar deposits in banks
       abroad, reported by
       nonbanking business
       enterprises in the
       United States (6)           57,698     66,930     60,711

                                          2002
        Type of claim
                                    Jan.       Feb. (r)

 1 Total                           ...            ...

 2 Banks' claims                1,003,832 (r)  1,006,174
 3   Foreign public borrowers      53,208 (r)     48,827
 4   Own foreign offices (2)      697,236        716,045
 5   Unaffilliated foreign
       banks                       98,388 (r)     92,103
 6     Deposits                    27,076 (r)     25,981
 7     Other                       71,312 (r)     66,122
 8   All other foreigners         155,000 (r)    149,199

 9 Claims of banks domestic
     customers (3)                 ...            ...
10   Deposits                      ...            ...
11   Negotiable and readily
       transferable
       instruments (4)             ...            ...
12 Outstanding collections and
       other claims                ...            ...

   MEMO

13 Customer liability on
     acceptances                   ...            ...
14 Banks' loans under resale
     agreements (5)               118,878        123,049
15 Dollar deposits in banks
       abroad, reported by
       nonbanking business
       enterprises in the
       United States (6)           54,563         55,177

                                       2002
        Type of claim
                                Mar. (r)   Apr. (p)

 1 Total                        1,253,686     ...

 2 Banks' claims                1,053,331  1,094,615
 3   Foreign public borrowers      54,331     50,045
 4   Own foreign offices (2)      749,418    787,627
 5   Unaffilliated foreign
       banks                       94,896     95,552
 6     Deposits                    26,269     22,778
 7     Other                       68,627     72,774
 8   All other foreigners         154,686    161,391

 9 Claims of banks domestic
     customers (3)                200,355     ...
10   Deposits                      87,634     ...
11   Negotiable and readily
       transferable
       instruments (4)             98,050     ...
12 Outstanding collections and
       other claims                14,671     ...

   MEMO

13 Customer liability on
     acceptances                    2,139     ...
14 Banks' loans under resale
     agreements (5)               114,917    129,144
15 Dollar deposits in banks
       abroad, reported by
       nonbanking business
       enterprises in the
       United States (6)           61,417     57,884

(1.) For banks' claims, data are monthly; for claims of banks' domestic
customers, data are for quarter ending with month indicated.

Reporting banks include all types of depository institution as well as
some brokers and dealers.

(2.) For U.S. banks, includes amounts due from own foreign branches
and foreign subsidiaries consolidated in quarterly Consolidated
Reports of Condition filed with bank regulatory agencies. For agencies,
branches, and majority-owned subsidiaries of foreign banks, consists
principally of amounts due from the head office or parent foreign bank,
and from foreign branches, agencies, or wholly owned subsidiaries of
the head office or parent foreign bank.

(3.) Assets held by reporting banks in the accounts of their domestic
customers.

(4.) Principally negotiable time certificates of deposit and bankers
acceptances, and commercial paper.

(5.) Data available beginning January 2001.

(6.) Includes demand and time deposits and negotiable and
nonnegotiable certificates of deposit denominated in U.S. dollars
issued by banks abroad.
3.20 BANKS' OWN CLAIMS ON UNAFFILIATED FOREIGNERS Reported by Banks
in the United States (1)

Payable in U.S. dollars

Millions of dollars, end of period

    Maturity, by borrower and                                  2001
            area (2)              1998     1999     2000
                                                               June

 1 Total                         250,418  267,082  274,009  302,304 (r)

   By borrower
 2 Maturity of one year or less  186,526  187,894  186,103  191,979 (r)
 3   Foreign public borrowers     13,671   22,811   21,399   26,621
 4   All other foreigners        172,855  165,083  164,704  165,358 (r)
 5 Maturity of more than one
     year                         63,892   79,188   87,906  110,325 (r)
 6   Foreign public borrowers      9,839   12,013   15,838   25,018
 7   All other foreigners         54,053   67,175   72,068   85,307 (r)

   By area
   Maturity of one year or less
 8   Europe                       68,679   80,842  142,464   80,682
 9   Canada                       10,968    7,859    8,323    8,624
10   Latin America and
       Caribbean                  81,766   69,498  151,840   73,029 (r)
11   Asia                         18,007   21,802   43,371   24,181 (r)
12   Africa                        1,835    1,122    2,263      971
13   All other (3)                 5,271    6,771   11,717    4,492 (r)
   Maturity of more than one
     year
14   Europe                       14,923   22,951   57,770   39,947 (r)
15   Canada                        3,140    3,192    3,174    3,995
16   Latin America and
       Caribbean                  33,442   39,051   82,684   47,068
17   Asia                         10,018   11,257   19,536   15,240
18   Africa                        1,232    1,065    1,567      774
19   All other (3)                 1,137    1,672    5,954    3,301

                                            2001           2002
    Maturity, by borrower and
            area (2)
                                      Sept.     Dec. (r)  Mar. (p)

 1 Total                           298,924 (r)   305,172   304,297

   By borrower
 2 Maturity of one year or less    178,458 (r)   200,222   188,785
 3   Foreign public borrowers       19,994        27,293    26,914
 4   All other foreigners          158,464 (r)   172,929   161,871
 5 Maturity of more than one
     year                          120,466 (r)   104,950   115,512
 6   Foreign public borrowers       25,844 (r)    21,324    26,748
 7   All other foreigners           94,622 (r)    83,626    88,764

   By area
   Maturity of one year or less
 8   Europe                         70,700        83,091    79,694
 9   Canada                          7,897        10,174     7,763
10   Latin America and
       Caribbean                    75,562 (r)    70,657    69,178
11   Asia                           19,381        29,666    24,554
12   Africa                            707         1,144     1,147
13   All other (3)                   4,211         5,490     6,449
   Maturity of more than one
     year
14   Europe                         41,597 (r)    34,074    39,813
15   Canada                          4,292         3,633     3,362
16   Latin America and
       Caribbean                    52,651 (r)    47,402    48,744
17   Asia                           17,491        15,190    19,444
18   Africa                            798           769       669
19   All other (3)                   3,637         3,882     3,480

(1.) Reporting banks include all types of depository institutions
as well as some brokers and dealers.

(2.) Maturity is time remaining until maturity.

(3.) Includes nonmonetary international and regional organizations.
3.21 CLAIMS ON FOREIGN COUNTRIES Held by U.S. and Foreign Offices of
U.S. Banks (1)

Billions of dollars, end of period

                                                      2000
       Area or country          1998    1999
                                               Mar.   June   Sept.

 1 Total                       1,051.6  945.5  955.0  991.0  954.4

 2 G-10 countries and
     Switzerland                 217.7  243.4  272.4  313.6  280.3
 3   Belgium and Luxembourg       10.7   14.3   14.2   13.9   13.0
 4   France                       18.4   29.0   27.1   32.6   29.0
 5   Germany                      30.9   38.7   37.3   31.5   37.6
 6   Italy                        11.5   18.1   19.9   20.5   18.6
 7   Netherlands                   7.8   12.3   17.0   16.0   17.5
 8   Sweden                        2.3    3.0    3.9    3.5    4.3
 9   Switzerland                   8.5   10.3   10.1   13.8   10.9
10   United Kingdom               85.4   79.3  101.9  138.2  112.8
11   Canada                       16.8   16.3   17.3   18.2   18.5
12   Japan                        25.4   22.1   23.5   25.4   18.1

13 Other industrialized
     countries                    69.0   68.4   62.7   75.3   73.7
14   Austria                       1.4    3.5    2.6    2.8    3.5
15   Denmark                       2.2    2.6    1.5    1.2    1.8
16   Finland                       1.4     .9     .8    1.2    2.8
17   Greece                        5.9    6.0    5.7    6.7    6.4
18   Norway                        3.2    3.3    3.0    4.6    8.5
19   Portugal                      1.4    1.0    1.0    2.0    1.5
20   Spain                        13.7   12.1   11.3   12.2   10.5
21   Turkey                        4.8    4.8    5.1    5.6    5.6
22   Other Western Europe         10.4    6.8    8.4    7.9    8.3
23   South Africa                  4.4    3.8    4.8    4.6    4.2
24   Australia                    20.3   23.5   18.6   26.3   20.5

25 OPEC (2)                       27.1   31.4   28.9   32.1   31.4
26   Ecuador                       1.3     .8     .7     .7     .6
27   Venezuela                     3.2    2.8    3.0    2.9    2.9
28   Indonesia                     4.7    4.2    3.9    4.1    4.4
29   Middle East countries        17.0   23.1   21.1   23.8   22.4
30   African countries             1.0     .5     .2     .7    1.2

31 Non-OPEC developing
     countries                   143.4  149.4  154.6  158.1  149.5

     Latin America
32   Argentina                    23.1   23.2   22.4   21.6   21.4
33   Brazil                       24.7   27.7   28.1   28.3   28.5
34   Chile                         8.3    7.4    8.2    8.1    7.3
35   Colombia                      3.2    2.5    2.5    2.4    2.4
36   Mexico                       18.9   18.7   18.3   20.4   17.5
37   Peru                          2.2    1.7    1.9    2.1    2.1
38   Other                         5.4    5.9    6.5    6.7    6.2

     Asia
     China
39     Mainland                    3.0    3.6    4.6    3.8    3.4
40     Taiwan                     13.3   12.0   12.6   12.6   12.8
41   India                         5.5    7.7    7.9    8.2    5.8
42   Israel                        1.1    1.8    3.3    1.5    1.1
43   Korea (South)                13.7   15.2   17.7   21.7   21.4
44   Malaysia                      5.6    6.1    6.5    6.8    6.9
45   Philippines                   5.1    6.2    5.3    5.3    4.7
46   Thailand                      4.7    4.1    4.3    4.0    3.9
47   Other Asia                    2.9    2.9    2.0    1.9    1.7

     Africa
48   Egypt                         1.3    1.4    1.4    1.3    1.1
49   Morocco                        .5     .4     .3     .3     .4
50   Zaire                          .0     .0     .0     .0     .0
51   Other Africa (3)              1.0    1.0     .9     .9     .8

52 Eastern Europe                  5.5    5.2    6.3    9.4    9.0
53   Russia (4)                    2.2    1.6    1.7    1.5    1.4
54   Other                         3.3    3.6    4.7    7.9    7.6

55 Offshore banking centers       93.9   59.9   53.9   60.6   59.4
56   Bahamas                      35.4   13.7   14.4    8.8    9.3
57   Bermuda                       4.6    8.0    7.3    6.3    6.3
58   Cayman Islands and other
       British West Indies        12.8    1.3     .0    5.1    5.9
59   Netherlands Antilles          2.6    1.7    2.5    2.6    1.9
60   Panama (5)                    3.9    3.9    3.4    3.3    2.5
61   Lebanon                        .1     .1     .1     .1     .1
62   Hong Kong, China             23.3   21.0   22.2   20.7   20.6
63   Singapore                    11.1   10.1    4.1   13.6   12.6
64   Other (6)                      .2     .1     .1     .1     .1
65 Miscellaneous and
     unallocated (7)             495.1  387.9  376.1  342.1  351.1

                                2000             2001
       Area or country
                                Dec.       Mar.         June

 1 Total                       1,027.3  1,144.5 (r)  1,140.5 (r)

 2 G-10 countries and
     Switzerland                 300.7    336.5 (r)    338.9 (r)
 3   Belgium and Luxembourg       14.2     15.3         13.0 (r)
 4   France                       29.6     30.0 (r)     35.9 (r)
 5   Germany                      45.1     45.2 (r)     51.6 (r)
 6   Italy                        21.3     20.4         23.7
 7   Netherlands                  18.4     22.3         18.7
 8   Sweden                        3.6      4.7          4.7
 9   Switzerland                  13.2     13.9         13.5
10   United Kingdom              115.6    141.5 (r)    128.1 (r)
11   Canada                       16.7     15.4         21.3 (r)
12   Japan                        23.0     28.0         28.3 (r)

13 Other industrialized
     countries                    74.5     75.7 (r)     70.2 (r)
14   Austria                       4.1      3.8 (r)      3.6
15   Denmark                       1.9      3.1          2.7
16   Finland                       1.5      1.4          1.2
17   Greece                        8.3      4.1          3.6
18   Norway                        8.3     10.2          7.9
19   Portugal                      2.0      1.9          1.4
20   Spain                        10.3     12.6 (r)     12.4 (r)
21   Turkey                        5.9      5.1          4.5
22   Other Western Europe          6.5      7.3          6.9
23   South Africa                  3.6      4.1          3.8
24   Australia                    22.1     21.9         22.1

25 OPEC (2)                       28.9     28.3         27.1 (r)
26   Ecuador                        .6       .6           .6
27   Venezuela                     2.5      2.7          2.6 (r)
28   Indonesia                     4.6      4.4          4.2
29   Middle East countries        20.3     20.1         19.3
30   African countries              .8       .5           .4

31 Non-OPEC developing
     countries                   145.5    150.1 (r)    157.6 (r)

     Latin America
32   Argentina                    21.4     20.9         19.8 (r)
33   Brazil                       28.8     29.4         30.9 (r)
34   Chile                         7.6      7.3          7.0 (r)
35   Colombia                      2.4      2.4          2.4 (r)
36   Mexico                       15.7     16.7         16.3 (r)
37   Peru                          2.0      2.0          2.0
38   Other                         6.3      8.6 (r)      8.3

     Asia
     China
39     Mainland                    2.9      3.2          6.7
40     Taiwan                     10.8     11.2         10.7
41   India                         9.1      6.5         11.8
42   Israel                        2.7      2.2 (r)      2.0 (r)
43   Korea (South)                15.5     19.9         19.3
44   Malaysia                      7.1      6.5          6.8
45   Philippines                   5.1      5.2          5.4
46   Thailand                      4.0      4.2          4.2
47   Other Asia                    1.9      1.7          1.8

     Africa
48   Egypt                         1.1      1.2          1.2
49   Morocco                        .3       .3           .3
50   Zaire                          .0       .0           .0
51   Other Africa (3)               .7       .7           .7

52 Eastern Europe                 10.1      9.5          9.5
53   Russia (4)                    1.0      1.5          1.5
54   Other                         9.1      8.0          8.0

55 Offshore banking centers       76.3     72.0         58.8 (r)
56   Bahamas                      13.5      7.0           .0
57   Bermuda                       9.0      7.9          5.7 (r)
58   Cayman Islands and other
       British West Indies        14.6     14.3         12.6
59   Netherlands Antilles          1.9      2.9          1.7
60   Panama (5)                    3.2      3.8          3.4 (r)
61   Lebanon                        .1       .1           .1
62   Hong Kong, China             18.7     21.5         22.3 (r)
63   Singapore                    15.2     14.6         12.9
64   Other (6)                      .2       .1           .1
65 Miscellaneous and
     unallocated (7)             391.2    472.4        478.6

                                        2001             2002
       Area or country
                                  Sept.       Dec.     Mar. (p)

 1 Total                       1,284.7 (r)  929.3 (r)     801.1

 2 G-10 countries and
     Switzerland                 294.4 (r)  423.1 (r)     325.0
 3   Belgium and Luxembourg       14.4 (r)   19.1 (r)      16.3
 4   France                       34.6 (r)   39.3 (r)      34.1
 5   Germany                      41.0 (r)   43.2 (r)      49.2
 6   Italy                        22.8       21.0          19.1
 7   Netherlands                  20.8 (r)   19.5          23.7
 8   Sweden                        5.2        5.4           5.3
 9   Switzerland                  13.0       12.6          13.6
10   United Kingdom               95.6 (r)  210.8 (r)     111.8
11   Canada                       20.3 (r)   19.1 (r)      16.6
12   Japan                        26.8 (r)   33.1 (r)      35.3

13 Other industrialized
     countries                    70.7 (r)   70.6 (r)      69.4
14   Austria                       4.4 (r)        4.8       4.8
15   Denmark                       2.7        2.6           3.5
16   Finland                       1.3        1.1           2.1
17   Greece                        3.6        3.2           3.2
18   Norway                        6.2        8.1           9.0
19   Portugal                      1.4        1.6           1.8
20   Spain                        13.8       12.1 (r)      12.1
21   Turkey                        4.1        3.9           5.3
22   Other Western Europe          7.3        8.4           8.6
23   South Africa                  4.4        4.1           3.3
24   Australia                    21.6 (r)   20.6          15.7

25 OPEC (2)                       27.6 (r)   27.3 (r)      27.4
26   Ecuador                        .6         .6            .6
27   Venezuela                     2.6 (r)    2.4 (r)       2.4
28   Indonesia                     4.0        3.7 (r)       3.6
29   Middle East countries        20.1       20.3          20.5
30   African countries              .4         .3            .3

31 Non-OPEC developing
     countries                   201.6 (r)  191.1 (r)     195.8

     Latin America
32   Argentina                    19.2 (r)   19.2 (r)      12.8
33   Brazil                       30.9 (r)   28.0 (r)      26.6
34   Chile                         6.4 (r)    7.0 (r)       7.1
35   Colombia                      2.5 (r)    2.5 (r)       2.4
36   Mexico                       60.0       56.0          67.1
37   Peru                          1.9        1.8 (r)       1.5
38   Other                         8.1 (r)    8.9 (r)       7.9

     Asia
     China
39     Mainland                    5.9        5.0           7.0
40     Taiwan                     10.8 (r)   12.2 (r)      12.6
41   India                        14.1        6.9           6.3
42   Israel                        3.2 (r)    3.7 (r)       2.4
43   Korea (South)                19.3 (r)   18.5 (r)      22.4
44   Malaysia                      6.1        6.7           6.4
45   Philippines                   5.2        5.6           5.4
46   Thailand                      3.9        5.1           4.0
47   Other Asia                    1.6        1.9           1.9

     Africa
48   Egypt                         1.4        1.2           1.3
49   Morocco                        .3         .1            .1
50   Zaire                          .0         .0            .0
51   Other Africa (3)               .8         .7            .7

52 Eastern Europe                 10.2       10.1          10.6
53   Russia (4)                    1.6        1.6           2.8
54   Other                         8.5        8.5           7.9

55 Offshore banking centers       72.2 (r)   72.5 (r)      59.3
56   Bahamas                       1.1        7.5           7.5
57   Bermuda                       7.6        7.7           8.2
58   Cayman Islands and other
       British West Indies        21.0 (r)   16.9           7.7
59   Netherlands Antilles          5.8        2.8 (r)       3.3
60   Panama (5)                    3.5 (r)    3.2 (r)       3.3
61   Lebanon                        .1         .1            .1
62   Hong Kong, China             17.9       18.9          15.7
63   Singapore                    15.2 (r)   15.5          13.5
64   Other (6)                      .0         .1            .0
65 Miscellaneous and
     unallocated (7)             608.1      134.6         113.4

(1.) The banking offices covered by these data include U.S. offices
and foreign branches of U.S. banks, including U.S. banks that are
subsidiaries of foreign banks. Offices not covered include U.S.
agencies and branches of foreign banks. Beginning March 1994, the
data include large foreign subsidiaries of U.S. banks. The data also
include other types of U.S. depository institutions as well as some
types of brokers and dealers. To eliminate duplication, the data are
adjusted to exclude the claims on foreign branches held by a U.S.
office or another foreign branch of the same banking institution.

These data are on a gross claims basis and do not necessarily
reflect the ultimate country risk or exposure of U.S. banks. More
complete data on the country risk exposure of U.S. banks are
available in the quarterly Country Exposure Lending Survey published
by the Federal Financial Institutions Examination Council.

(2.) Organization of Petroleum Exporting Countries, shown individually;
other members of OPEC (Algeria, Gabon, Iran, Iraq, Kuwait, Libya,
Nigeria, Qatar, Saudi Arabia, and United Arab Emirates), and Bahrain
and Oman (not formally members of OPEC).

(3.) Excludes Liberia. Beginning March 1994 includes Namibia.

(4.) As of December 1992, excludes other republics of the former
Soviet Union.

(5.) Includes Canal Zone.

(6.) Foreign branch claims only.

(7.) Includes New Zealand, Liberia, and international and regional
organizations.
3.22 LIABILITIES TO UNAFFILIATED FOREIGNERS Reported by Nonbanking
Business Enterprises in the United States

Millions of dollars, end of period

   Type of liability, and area
            or country               1998    1999    2000

 1 Total                            46,570  53,044  73,904

 2 Payable in dollars               36,668  37,605  48,931
 3 Payable in foreign currencies     9,902  15,415  24,973

   By type
 4 Financial liabilities            19,255  27,980  47,419
 5   Payable in dollars             10,371  13,883  25,246
 6   Payable in foreign currencies   8,884  14,097  22,173

 7 Commercial liabilities           27,315  25,064  26,485
 8   Trade payables                 10,978  12,857  14,293
 9   Advance receipts and other
       liabilities                  16,337  12,207  12,192

10   Payable in dollars             26,297  23,722  23,685
11   Payable in foreign currencies   1,018   1,318   2,800

   By area or country
   Financial liabilities
12   Europe                         12,589  23,241  34,172
13     Belgium and Luxembourg           79      31     147
14     France                        1,097   1,659   1,480
15     Germany                       2,063   1,974   2,168
16     Netherlands                   1,406   1,996   2,016
17     Switzerland                     155     147     104
18     United Kingdom                5,980  16,521  26,362

19   Canada                            693     284     411

20   Latin America and Caribbean     1,495     892   4,125
21     Bahamas                           7       1       6
22     Bermuda                         101       5   1,739
23     Brazil                          152     126     148
24     British West Indies             957     492     406
25     Mexico                           59      25      26
26     Venezuela                         2       0       2

27   Asia                            3,785   3,437   7,965
28     Japan                         3,612   3,142   6,216
29     Middle Eastern oil-
         exporting countries (1)         0       4      11

30   Africa                             28      28      52
31     Oil-exporting countries (2)       0       0       0

32   All other (3)                     665      98     694

   Commercial liabilities
33   Europe                         10,030   9,262   9,629
34     Belgium and Luxembourg          278     140     293
35     France                          920     672     979
36     Germany                       1,392   1,131   1,047
37     Netherlands                     429     507     300
38     Switzerland                     499     626     502
39     United Kingdom                3,697   3,071   2,847

40   Canada                          1,390   1,775   1,933

41   Latin America and Caribbean     1,618   2,310   2,381
42     Bahamas                          14      22      31
43     Bermuda                         198     152     281
14     Brazil                          152     145     114
45     British West Indies              10      48      76
46     Mexico                          347     887     841
17     Venezuela                       202     305     284

48   Asia                           12,342   9,886  10,983
49     Japan                         3,827   2,609   2,757
50     Middle Eastern oil-
         exporting countries (1)     2,852   2,551   2,832

51   Africa                            794     950     948
52     Oil-exporting countries (2)     393     499     483

53   Other (3)                       1,141     881     614

   Type of liability, and area          2000
            or country
                                    Sept.    Dec.

 1 Total                            76,644  73,904

 2 Payable in dollars               51,451  48,931
 3 Payable in foreign currencies    25,193  24,973

   By type
 4 Financial liabilities            49,895  47,419
 5   Payable in dollars             26,159  25,246
 6   Payable in foreign currencies  23,736  22,173

 7 Commercial liabilities           26,749  26,485
 8   Trade payables                 13,918  14,293
 9   Advance receipts and other
       liabilities                  12,831  12,192

10   Payable in dollars             25,292  23,685
11   Payable in foreign currencies   1,457   2,800

   By area or country
   Financial liabilities
12   Europe                         36,175  34,172
13     Belgium and Luxembourg          169     147
14     France                        1,299   1,480
15     Germany                       2,132   2,168
16     Netherlands                   2,040   2,016
17     Switzerland                     178     104
18     United Kingdom               28,601  26,362

19   Canada                            249     411

20   Latin America and Caribbean     3,447   4,125
21     Bahamas                         105       6
22     Bermuda                       1,182   1,739
23     Brazil                          132     148
24     British West Indies             501     406
25     Mexico                           35      26
26     Venezuela                         0       2

27   Asia                            9,320   7,965
28     Japan                         4,782   6,216
29     Middle Eastern oil-
         exporting countries (1)         7      11

30   Africa                             48      52
31     Oil-exporting countries (2)       0       0

32   All other (3)                     656     694

   Commercial liabilities
33   Europe                          9,411   9,629
34     Belgium and Luxembourg          201     293
35     France                          716     979
36     Germany                       1,023   1,047
37     Netherlands                     424     300
38     Switzerland                     647     502
39     United Kingdom                2,951   2,847

40   Canada                          1,889   1,933

41   Latin America and Caribbean     2,443   2,381
42     Bahamas                          15      31
43     Bermuda                         377     281
14     Brazil                          167     114
45     British West Indies              19      76
46     Mexico                        1,079     841
17     Venezuela                       124     284

48   Asia                           11,133  10,983
49     Japan                         1,998   2,757
50     Middle Eastern oil-
         exporting countries (1)     3,706   2,832

51   Africa                          1,220     948
52     Oil-exporting countries (2)     663     483

53   Other (3)                         653     614

   Type of liability, and area                 2001
            or country
                                     Mar.      June      Sept.    Dec.

 1 Total                            73,655  68,028 (r)   53,526  66,718

 2 Payable in dollars               46,526  41,734 (r)   35,347  42,957
 3 Payable in foreign currencies    27,129  26,294       18,179  23,761

   By type
 4 Financial liabilities            47,808  41,908       27,502  41,034
 5   Payable in dollars             23,201  17,655       11,415  18,763
 6   Payable in foreign currencies  24,607  24,253       16,087  22,271

 7 Commercial liabilities           25,847  26,120 (r)   26,024  25,684
 8   Trade payables                 12,481  13,127 (r)   11,740  11,820
 9   Advance receipts and other
       liabilities                  13,366  12,993 (r)   14,284  13,864

10   Payable in dollars             23,325  24,079 (r)   23,932  24,194
11   Payable in foreign currencies   2,522   2,041        2,092   1,490

   By area or country
   Financial liabilities
12   Europe                         37,422  32,785       22,083  31,806
13     Belgium and Luxembourg          112      98           76     154
14     France                        1,553   1,222        1,538   2,841
15     Germany                       2,624   2,463        1,994   2,344
16     Netherlands                   2,169   1,763        1,998   1,954
17     Switzerland                     103      93           92      94
18     United Kingdom               28,812  25,363       14,819  22,852

19   Canada                            718     628          436     955

20   Latin America and Caribbean     3,632   2,100          414   2,858
21     Bahamas                          18      40            5     157
22     Bermuda                       1,837     461           47     960
23     Brazil                           26      21           22      35
24     British West Indies           1,657   1,508          243   1,627
25     Mexico                           31      20           24      36
26     Venezuela                         1       1            3       2

27   Asia                            5,324   5,639        3,869   5,042
28     Japan                         4,757   3,297        3,442   3,269
29     Middle Eastern oil-
         exporting countries (1)        15       8            9      10

30   Africa                             38      61           59      53
31     Oil-exporting countries (2)       0       0            5       5

32   All other (3)                     674     695          672     320

   Commercial liabilities
33   Europe                          8,792   8,723        8,855   9,230
34     Belgium and Luxembourg          251     297          160      99
35     France                          689     665          892     735
36     Germany                         982   1,017          966     908
37     Netherlands                     349     343          343   1,163
38     Switzerland                     623     697          683     790
39     United Kingdom                2,542   2,706        2,296   2,280

40   Canada                          1,625   1,957 (r)    1,569   1,633

41   Latin America and Caribbean     2,166   2,293 (r)    2,879   2,729
42     Bahamas                           5      31           44      52
43     Bermuda                         280     367          570     591
14     Brazil                          239     279          312     290
45     British West Indies              64      21           28      45
46     Mexico                          792     762          884     901
17     Venezuela                       243     218          242     166

48   Asia                           11,542  11,384       11,114  10,532
49     Japan                         2,431   2,377        2,421   2,592
50     Middle Eastern oil-
         exporting countries (1)     3,359   3,087        3,053   2,642

51   Africa                          1,072   1,115          938     836
52     Oil-exporting countries (2)     566     539          471     436

53   Other (3)                         650     648          669     724

(1.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi
Arabia, and United Arab Emirates (Trucial States).

(2.) Comprises Algeria, Gabon, Libya, and Nigeria.

(3.) Includes nonmonetary international and regional organizations.
3.23 CLAIMS ON UNAFFILIATED FOREIGNERS Reported by Nonbanking
Business Enterprises in the United States
Millions of dollars, end of period

                                                                 2000

 Type of claim, and area or country     1998    1999     2000

                                                                Sept.

 1 Total                               77,462   76,669  90,157  94,803

 2 Payable in dollars                  72,171   69,170  79,558  82,872
 3 Payable in foreign currencies        5,291    7,472  10,599  11,931

   By type
 4 Financial claims                    46,260   40,231  53,031  58,303
     Deposits                          30,199   18,566  23,374  30,928
 6    Payable in dollars               28,549   16,373  21,015  27,974
 7    Payable in Foreign currencies     1,650    2,193   2,359   2,954
 8   Other financial claims            16,061   21,665  29,657  27,375
 9    Payable in dollars               14,049   18,593  25,142  20,541
10    Payable in foreign currencies     2,012    3,072   4,515   6,834

11 Commercial claims                   31,202   36,438  37,126  36,500
12  Trade receivables                  27,202   32,629  33,104  31,530
13  Advance payments and other claims   4,000    3,809   4,022   4,970

14  Payable in dollars                 29,573   34,204  33,401  34,357
15  Payable in Foreign currencies       1,629    2,207   3,725   2,143

   By area or country
   Financial claims
16   Europe                            12,294   13,023  23,136  23,706
17     Belgium and Luxembourg             661      529     296     304
18     France                             864      967   1,206   1,477
19     Germany                            304      504     848     696
20     Netherlands                        875    1,229   1,396   2,486
21     Switzerland                        414      643     699     626
22     United Kingdom                   7,766    7,561  15,900  16,191

23   Canada                             2,503    2,553   4,576   7,517

24   Latin America and Caribbean       27,714   18,206  19,317  21,691
25     Bahamas                            403    1,593   1,353   1,358
26     Bermuda                             39       11      19      22
27     Brazil                             835    1,476   1,827   1,568
28     British West Indies             24,388   12,099  12,596  15,722
29     Mexico                           1,245    1,798   2,448   2,280
30     Venezuela                           55       48      87     101

31   Asia                               3,027    5,457   4,697   4,002
32     Japan                            1,194    3,262   1,631   1,726
33     Middle Eastern oil-exporting
         countries (1)                      9       23      80      85

34   Africa                               159      286     411     284
35     Oil-exporting countries (2)         16       15      57       3

36   All other (3)                        563      706     894   1,103

   Commercial claims
37   Europe                            13,246   16,389  15,938  16,486
38     Belgium and Luxembourg             238      316     452     393
39     France                           2,171    2,236   3,095   2,921
40     Germany                          1,822    1,960   1,982   2,159
41     Netherlands                        467    1,429   1,729   1,310
42     Switzerland                        483      610     763     684
43     United Kingdom                   4,769    5,827   4,502   5,193

44   Canada                             2,617    2,757   3,502   2,953

45   Latin America and Caribbean        6,296    5,959   5,851   5,788
46     Bahamas                             24       20      37      75
47     Bermuda                            536      390     376     387
48     Brazil                           1,024      905     957     981
49     British West Indies                104      181     137      55
50     Mexico                           1,545    1,678   1,507   1,612
51     Venezuela                          401      439     328     379

52   Asia                               7,192    9,165   9,630   8,986
53     Japan                            1,681    2,074   2,796   2,074
54     Middle Eastern oil-exporting
         countries (1)                  1,135    1,625   1,024   1,199

55   Africa                               711      631     672     895
56    Oil-exporting countries (2)         165      171     180     392

57   Other (3)                          1,140    1,537   1,572   1,392

                                        2000          2001

 Type of claim, and area or country

                                        Dec.    Mar.     June

 1 Total                               90,157  107,705  97,470 (r)

 2 Payable in dollars                  79,558   94,932  87,690 (r)
 3 Payable in foreign currencies       10,599   12,773   9,780

   By type
 4 Financial claims                    53,031   74,255  61,891
     Deposits                          23,374   25,419  25,381
 6    Payable in dollars               21,015   23,244  23,174
 7    Payable in Foreign currencies     2,359    2,175   2,207
 8   Other financial claims            29,657   48,836  36,510
 9    Payable in dollars               25,142   41,417  32,038
10    Payable in foreign currencies     4,515    7,419   4,472

11 Commercial claims                   37,126   33,450  35,579 (r)
12  Trade receivables                  33,104   28,958  30,631 (r)
13  Advance payments and other claims   4,022    4,492   4,948

14  Payable in dollars                 33,401   30,271  32,478 (r)
15  Payable in Foreign currencies       3,725    3,179   3,101

   By area or country
   Financial claims
16   Europe                            23,136   31,855  23,975
17     Belgium and Luxembourg             296      430     262
18     France                           1,206    3,142   1,376
19     Germany                            848    1,401   1,163
20     Netherlands                       1396    2,313   1,072
21     Switzerland                        699      613     653
22     United Kingdom                  15,900   20,938  15,913

23   Canada                             4,576    4,847   4,787

24   Latin America and Caribbean       19,317   28,791  24,403
25     Bahamas                          1,353      561     818
26     Bermuda                             19    1,729     426
27     Brazil                           1,827    1,648   1,877
28     British West Indies             12,596   21,227  17,505
29     Mexico                           2,448    2,461   2,633
30     Venezuela                           87       38      66

31   Asia                               4,697    7,215   6,829
32     Japan                            1,631    3,867   1,698
33     Middle Eastern oil-exporting
         countries (1)                     80       86      76

34   Africa                               411      430     476
35     Oil-exporting countries (2)         57       42      35

36   All other (3)                        894    1,117   1,421

   Commercial claims
37   Europe                            15,938   13,775  14,469 (r)
38     Belgium and Luxembourg             452      395     403 (r)
39     France                           3,095    3,479   3,190 (r)
40     Germany                          1,982    1,586   1,993
41     Netherlands                      1,729      757     863
42     Switzerland                        763      634     473 (r)
43     United Kingdom                   4,502    3,562   3,724 (r)

44   Canada                             3,502    3,392   3,470 (r)

45   Latin America and Caribbean        5,851    5,144   6,033 (r)
46     Bahamas                             37       20      39
47     Bermuda                            376      407     650
48     Brazil                             957      975   1,363 (r)
49     British West Indies                137      130     135
50     Mexico                           1,507    1,350   1,375 (r)
51     Venezuela                          328      292     321

52   Asia                               9,630    8,985   9,499 (r)
53     Japan                            2,796    2,560   3,148 (r)
54     Middle Eastern oil-exporting
         countries (1)                  1,024      966   1,040 (r)

55   Africa                               672      773     601 (r)
56    Oil-exporting countries (2)         180      165     102 (r)

57   Other (3)                          1,572    1,381   1,507 (r)

                                             2001

 Type of claim, and area or country

                                       Sept.    Dec.

 1 Total                               94,076  113,155

 2 Payable in dollars                  83,292  103,937
 3 Payable in foreign currencies       10,784    9,218

   By type
 4 Financial claims                    60,015   81,287
     Deposits                          22,391   29,80l
 6    Payable in dollars               19,888   27,850
 7    Payable in Foreign currencies     2,503    1,951
 8   Other financial claims            37,624   51,486
 9    Payable in dollars               32,076   46,621
10    Payable in foreign currencies     5,548    4,865

11 Commercial claims                   34,061   31,868
12  Trade receivables                  29,328   27,586
13  Advance payments and other claims   4,733    4,282

14  Payable in dollars                 31,328   29,466
15  Payable in Foreign currencies       2,733    2,402

   By area or country
   Financial claims
16   Europe                            23,069   26,118
17     Belgium and Luxembourg             372      625
18     France                           1,682    1,450
19     Germany                          1,112    1,068
20     Netherlands                        954    2,138
21     Switzerland                        665      589
22     United Kingdom                  15,670   16,510

23   Canada                             4,254    6,193

24   Latin America and Caribbean       26,099   41,201
25     Bahamas                            649      976
26     Bermuda                             80      918
27     Brazil                           2,065    2,127
28     British West Indies             19,234   32,965
29     Mexico                           2,910    3,075
30     Venezuela                           80       83

31   Asia                               5,274    6,430
32     Japan                            1,761    1,604
33     Middle Eastern oil-exporting
         countries (1)                    100      135

34   Africa                               456      414
35     Oil-exporting countries (2)         83       49

36   All other (3)                        891      931

   Commercial claims
37   Europe                            14,381   14,036
38     Belgium and Luxembourg             354      268
39     France                           3,062    2,922
40     Germany                          1,977    1,662
41     Netherlands                        844      529
42     Switzerland                        514      611
43     United Kingdom                   3,571    3,839

44   Canada                             3,116    2,855

45   Latin America and Caribbean        5,590    4,874
46     Bahamas                             35       42
47     Bermuda                            526      369
48     Brazil                           1,183      958
49     British West Indies                124       95
50     Mexico                           1,442    1,401
51     Venezuela                          301      288

52   Asia                               8,704    7,855
53     Japan                            2,438    2,007
54     Middle Eastern oil-exporting
         countries (1)                    919      851

55   Africa                               838      645
56    Oil-exporting countries (2)         170       88

57   Other (3)                          1,432    1,603

(1.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar,
Saudi Arabia, and United Arab Emirates (Trucial States).

(2.) Comprises Algeria Gabon, Libya, and Nigeria.

(3.) Includes nonmonetary international and regional organizations.
3.24 FOREIGN TRANSACTIONS IN SECURITIES
Millions of dollars

                                                                2002
                                          2000       2001
                                                                Jan.-
   Transaction, and area or country                             Apr.

                                           U.S. corporate securities
             STOCKS

 1 Foreign purchases                    3,605,196  3,051,355  1,075,267
 2 Foreign sales                        3,430,306  2,934,969  1,049,722

 3 Net purchases, or sales (-)            174,890    116,386     25,545

 4 Foreign countries                      174,903    116,183     25,691

 5 Europe                                 164,656     88,098     22,988
 6   France                                 5,727      5,914      3,268
 7   Germany                               31,752      8,415      1,330
 8   Netherlands                            4,915     10,919        -64
 9   Switzerland                           11,960      3,456      2,581
10   United Kingdom                        58,736     38,492      8,398
11 Channel Islands and Isle of Man (1)       n.a.       -698       -354
12 Canada                                   5,956     10,984      2,889
13 Latin America and Caribbean            -17,812     -5,157     -3,500
14 Middle East (2)                          9,189      1,789     -1,243
15 Other Asia                              12,494     20,727      4,117
16   Japan                                  2,070      6,788      1,980
17 Africa                                     415       -366        -35
18 Other countries                              5        108        475

19 Nonmonetary international and
      regional organizations                  -11        203       -145

              BONDS (3)

20 Foreign purchases                    1,208,386  1,943,158    786,623
21 Foreign sales                          871,416  1,556,217    665,896

22 Net purchases, or sales (-)            336,970    386,941    120,727

23 Foreign countries                      337,074    386,376    120,732

24 Europe                                 180,917    195,798     53,433
25   France                                 2,216      5,028        980
26   Germany                                4,067     12,362      1,927
27   Netherlands                            1,130      1,538       -346
28   Switzerland                            3,973      5,721      1,011
29   United Kingdom                       141,223    153,158     40,438
30 Channel Islands and Isle of Man (1)       n.a.      2,000        455
31 Canada                                  13,287      4,595      1,389
32 Latin America and Caribbean             59,444     77,217     32,454
33 Middle East (1)                          2,076      2,338      1,216
34 Other Asia                              78,794    106,812     31,908
35   Japan                                 39,356     34,099      6,433
36 Africa                                     938        760         91
37 Other countries                          1,618     -1,144        241

38 Nonmonetary international and
      regional organizations                  -70        566         -5

                                                   Foreign securities

39 Stocks, net purchases, or sales (-)    -13,088    -50,113      3,252
40   Foreign purchases                  1,802,185  1,397,664    430,079
41   Foreign sales                      1,815,273  1,447,777    426,827
42 Bonds, net purchases, or sales (-)      -4,054     30,393      4,609
43   Foreign purchases                    958,932  1,159,155    391,698
44   Foreign sales                        962,986  1,128,762    387,089

45 Net purchases, or sales (-),
      of stocks and bonds                 -17,142    -19,720      7,861

46 Foreign countries                      -17,278    -19,132      7,879

47 Europe                                 -25,386    -12,117      7,015
48 Canada                                  -3,888      2,943      1,940
49 Latin America and Caribbean            -15,688      4,245      1,687
50 Asia                                    24,488    -11,869     -1,625
51   Japan                                 20,970    -20,116     -2,057
52 Africa                                     943       -557     -1,076
53 Other countries                          2,253     -1,777        -60

54 Nonmonetary international and
      regional organizations                  150       -587        -20

                                                     2001

                                          Oct.       Nov.       Dec.

   Transaction, and area or country

                                            U.S. corporate securities
                STOCKS

 1 Foreign purchases                      255,682    241,318    239,289
 2 Foreign sales                          248,425    228,147    226,004

 3 Net purchases, or sales (-)              7,257     13,171     13,285

 4 Foreign countries                        7,234     13,162     13,266

 5 Europe                                   7,478      8,492      6,740
 6   France                                 1,969       -845        101
 7   Germany                                  825        698        688
 8   Netherlands                              552      1,096      1,271
 9   Switzerland                              352        326        854
10   United Kingdom                         3,313      3,248      2,033
11 Channel Islands and Isle of Man (1)        -23       -198         20
12 Canada                                     197        938      1,250
13 Latin America and Caribbean             -1,508      1,833      3,931
14 Middle East (2)                           -514       -105        249
15 Other Asia                               1,551      1,811        600
16   Japan                                  1,148        414         65
17 Africa                                     -31         -9         -7
18 Other countries                             61        202        503

19 Nonmonetary international and
      regional organizations                   23          9         19

              BONDS (3)

20 Foreign purchases                      192,442    187,115    177,721
21 Foreign sales                          151,612    156,019    155,238

22 Net purchases, or sales (-)             40,830     31,096     22,483

23 Foreign countries                       41,002     30,853     22,452

24 Europe                                  15,513     16,172      8,077
25   France                                   601        270        330
26   Germany                                1,666      2,001        -12
27   Netherlands                               83       -154       -637
28   Switzerland                              292        417         75
29   United Kingdom                        10,422     12,928      5,985
30 Channel Islands and Isle of Man (1)        355         69        404
31 Canada                                   1,335         25        892
32 Latin America and Caribbean              2,270      7,838      5,765
33 Middle East (1)                            307        432        455
34 Other Asia                              21,044      6,593      7,721
35   Japan                                 15,243      1,104       -810
36 Africa                                     272         71        -45
37 Other countries                            261       -278       -413

38 Nonmonetary international and
      regional organizations                 -172        243         31

                                                   Foreign securities

39 Stocks, net purchases, or sales (-)     -3,097      2,795     -8,955
40   Foreign purchases                    105,799    108,043     88,033
41   Foreign sales                        108,896    105,248     96,988
42 Bonds, net purchases, or sales (-)        -754     -1,214       -945
43   Foreign purchases                     94,591     95,672     69,504
44   Foreign sales                         95,345     96,886     70,449

45 Net purchases, or sales (-),
      of stocks and bonds                  -3,851      1,581     -9,900

46 Foreign countries                       -3,657      1,587     -9,832

47 Europe                                  -4,904      2,206     -9,831
48 Canada                                    -676       -470      1,010
49 Latin America and Caribbean               -571      1,973        118
50 Asia                                     3,070     -2,138     -1,494
51   Japan                                  1,441     -3,575     -1,924
52 Africa                                    -565        191        134
53 Other countries                            -11       -175        231

54 Nonmonetary international and
      regional organizations                 -194         -6        -68

                                                 2002

                                          Jan.       Feb.

   Transaction, and area or country

                                     U.S. corporate securities
                STOCKS

 1 Foreign purchases                      255,725    259,951
 2 Foreign sales                          247,109    257,850

 3 Net purchases, or sales (-)              8,616      2,101

 4 Foreign countries                        8,737      2,104

 5 Europe                                   8,730      4,402
 6   France                                 1,302        304
 7   Germany                                  479        429
 8   Netherlands                              406        100
 9   Switzerland                              470        566
10   United Kingdom                         3,972      1,323
11 Channel Islands and Isle of Man (1)        -81       -103
12 Canada                                     591        457
13 Latin America and Caribbean             -1,447     -4,495
14 Middle East (2)                             96       -165
15 Other Asia                                 572      1,636
16   Japan                                   -209        194
17 Africa                                      32          5
18 Other countries                            163        224

19 Nonmonetary international and
      regional organizations                 -121         -2

              BONDS (3)

20 Foreign purchases                      181,519    168,724
21 Foreign sales                          161,985    155,237

22 Net purchases, or sales (-)             19,534     13,487

23 Foreign countries                       19,624     13,217

24 Europe                                   7,890      4,619
25   France                                    68         14
26   Germany                                   93       -253
27   Netherlands                           -1,495        550
28   Switzerland                              143        826
29   United Kingdom                         7,619      1,740
30 Channel Islands and Isle of Man (1)        130         14
31 Canada                                     338       -243
32 Latin America and Caribbean              4,655      6,077
33 Middle East (1)                            420        342
34 Other Asia                               6,802      2,094
35   Japan                                   -717       -957
36 Africa                                     -30         22
37 Other countries                           -451        306

38 Nonmonetary international and
      regional organizations                  -90        270

                                          Foreign securities

39 Stocks, net purchases, or sales (-)      3,822     -2,723
40   Foreign purchases                    103,389     95,364
41   Foreign sales                         99,567     98,087
42 Bonds, net purchases, or sales (-)      -5,558      2,245
43   Foreign purchases                     93,550     89,172
44   Foreign sales                         99,108     86,927

45 Net purchases, or sales (-),
      of stocks and bonds                  -1,736       -478

46 Foreign countries                       -1,720       -467

47 Europe                                  -2,417        588
48 Canada                                   1,381       -289
49 Latin America and Caribbean              2,644     -1,469
50 Asia                                    -3,478        614
51   Japan                                    400       -660
52 Africa                                      72         62
53 Other countries                             78         29

54 Nonmonetary international and
      regional organizations                  -16        -13

                                                 2002

                                          Mar.     Apr. (r)

   Transaction, and area or country

                                      U.S. corporate securities
                STOCKS

 1 Foreign purchases                      286,550    273,041
 2 Foreign sales                          279,633    265,130

 3 Net purchases, or sales (-)              6,917      7,911

 4 Foreign countries                        6,932      7,918

 5 Europe                                   6,810      3,006
 6   France                                   405      1,257
 7   Germany                                  332         90
 8   Netherlands                              192       -762
 9   Switzerland                              569        976
10   United Kingdom                         3,110         -7
11 Channel Islands and Isle of Man (1)       -113        -57
12 Canada                                     598      1,243
13 Latin America and Caribbean                302      2,140
14 Middle East (2)                           -901       -273
15 Other Asia                                 245      1,664
16   Japan                                  1,002        993
17 Africa                                     -26        -46
18 Other countries                            -96        184

19 Nonmonetary international and
      regional organizations                  -15         -7

              BONDS (3)

20 Foreign purchases                      219,228    217,152
21 Foreign sales                          173,530    175,144

22 Net purchases, or sales (-)             45,698     42,008

23 Foreign countries                       45,877     42,014

24 Europe                                  20,329     20,595
25   France                                   578        320
26   Germany                                1,545        542
27   Netherlands                             -173        772
28   Switzerland                             -102        144
29   United Kingdom                        15,640     15,439
30 Channel Islands and Isle of Man (1)        309          2
31 Canada                                     869        425
32 Latin America and Caribbean             13,531      8,191
33 Middle East (1)                            377         77
34 Other Asia                              10,321     12,691
35   Japan                                   -466      8,573
36 Africa                                      34         65
37 Other countries                            416        -30

38 Nonmonetary international and
      regional organizations                 -179         -6

                                          Foreign securities

39 Stocks, net purchases, or sales (-)      5,553     -3,400
40   Foreign purchases                    116,460    114,866
41   Foreign sales                        110,907    118,266
42 Bonds, net purchases, or sales (-)       7,333        589
43   Foreign purchases                    109,465     99,511
44   Foreign sales                        102,132     98,922

45 Net purchases, or sales (-),
      of stocks and bonds                  12,886     -2,811

46 Foreign countries                       12,981     -2,915

47 Europe                                  13,670     -4,826
48 Canada                                    -764      1,612
49 Latin America and Caribbean              1,353       -841
50 Asia                                      -949      2,188
51   Japan                                 -2,789        992
52 Africa                                     -72     -1,138
53 Other countries                           -257         90

54 Nonmonetary international and
      regional organizations                  -95        104

(1.) Before January 2001, data included in United Kingdom.

(2.) Comprises oil-exporting countries as follows: Bahrain,
Iran, Iraq. Kuwait, Oman, Qatar, Saudi Arabia, and United
Arab Emirates (Trucial States).

(3.) Includes state and local government securities and
securities of U.S. government agencies and corporations.
Also includes issues of new debt securities sold abroad
by U.S. corporations organized to finance direct investments
abroad.
3.25 MARKETABLE U.S. TREASURY BONDS AND NOTES Foreign Transactions (1)
Millions of dollars; net purchases, or sales (-) during period

                                                              2002
           Area or country                2000      2001
                                                              Jan.-
                                                              Apr.

 1 Total estimated                       -54,032    18,472   -14,860

 2 Foreign countries                     -53,571    19,158   -15,908

 3 Europe                                -50,704   -20,510    -6,176
 4   Belgium (2)                              73      -598      -138
 5   Germany                              -7,304    -1,668    -1,870
 6   Luxembourg (2)                        n.a.        462      -886
 7   Netherlands                           2,140    -6,728    -7,997
 8   Sweden                                1,082    -1,190      -210
 9   Switzerland                         -10,326     1,412       -18
10   United Kingdom                      -33,669    -7,185     4,803
11   Channel Islands and
        Isle of Man (3)                    n.a.       -179      -242
12   Other Europe and former U.S.S.R      -2,700    -4,836       382
13 Canada                                   -550    -4,136    -2,045

14 Latin America and Caribbean            -4,914     5,046    -7,859
15   Venezuela                             1,288       290        -4
16   Other Latin America and Caribbean   -11,581    15,500     5,855
17   Netherlands Antilles                  5,379   -10,744   -13,710
18 Asia                                    1,639    37,992      -409
19   Japan                                10,580    17,774    -3,162
20 Africa                                   -414      -880       -19
21 Other                                   1,372     1,646       600

22 Nonmonetary international and
        regional organizations              -461      -686     1,048
23   International                          -483      -290       787
24   Latin American Caribbean regional        76        41       -38

   MEMO
25 Foreign countries                     -53,571    19,158   -15,908
26   Official institutions                -6,302     3,474    -1,529
27   Other foreign                       -47,269    15,684   -14,379

   Oil-exporting countries
28 Middle East (4)                         3,483       865     2,233
29 Africa (5)                                  0        -2       -24

                                                    2001
           Area or country

                                           Oct.      Nov.      Dec.

 1 Total estimated                        14,969    12,676    10,497

 2 Foreign countries                      14,884    12,902    10,531

 3 Europe                                  2,339    -5,850       278
 4   Belgium (2)                            -146        -9       202
 5   Germany                                -392        54     1,075
 6   Luxembourg (2)                          285        -5       -34
 7   Netherlands                          -1,336      -701      -948
 8   Sweden                                 -109       268      -197
 9   Switzerland                            -339       215       335
10   United Kingdom                        7,359    -7,374     2,007
11   Channel Islands and
        Isle of Man (3)                      -34         7      -136
12   Other Europe and former U.S.S.R      -2,949     1,695    -2,026
13 Canada                                 -3,091      -430     2,978

14 Latin America and Caribbean             3,998     6,266    -6,368
15   Venezuela                              -129     1,113         3
16   Other Latin America and Caribbean     4,065     8,393    -3,984
17   Netherlands Antilles                     62    -2,230    -2,387
18 Asia                                   11,755    11,820    14,423
19   Japan                                16,640     1,737     4,379
20 Africa                                   -396        53      -293
21 Other                                     279     1,043      -487

22 Nonmonetary international and
        regional organizations                85      -226       -34
23   International                             8        63        43
24   Latin American Caribbean regional         1        43       -25

   MEMO
25 Foreign countries                      14,884    12,902    10,531
26   Official institutions                 2,239     6,266     1,061
27   Other foreign                        12,645     6,636     9,470

   Oil-exporting countries
28 Middle East (4)                            12     2,442     2,217
29 Africa (5)                                  0         0         0

                                                2002
           Area or country

                                           Jan.      Feb.

 1 Total estimated                       -16,762      -169

 2 Foreign countries                     -17,027      -493

 3 Europe                                 -6,688       -79
 4   Belgium (2)                            -108      -263
 5   Germany                              -3,466      -277
 6   Luxembourg (2)                         -514      -126
 7   Netherlands                          -2,098       812
 8   Sweden                                 -337      -230
 9   Switzerland                             313      -115
10   United Kingdom                          -86     1,938
11   Channel Islands and
        Isle of Man (3)                       -3        47
12   Other Europe and former U.S.S.R        -389    -1,865
13 Canada                                 -3,473     1,204

14 Latin America and Caribbean             2,603    -6,194
15   Venezuela                                33       -12
16   Other Latin America and Caribbean     1,635    -3,072
17   Netherlands Antilles                    935    -3,110
18 Asia                                   -9,221     3,862
19   Japan                                -6,649     2,456
20 Africa                                    -65       134
21 Other                                    -183       580

22 Nonmonetary international and
        regional organizations               265       324
23   International                           138        52
24   Latin American Caribbean regional        -1        15

   MEMO
25 Foreign countries                     -17,027      -493
26   Official institutions                -3,000    -2,177
27   Other foreign                       -14,027     1,684

   Oil-exporting countries
28 Middle East (4)                           784        50
29 Africa (5)                                  0        -1

                                                2002
           Area or country

                                          Mar.    Apr. (r)

 1 Total estimated                        13,916   -11,845

 2 Foreign countries                      13,767   -12,155

 3 Europe                                  7,068    -6,477
 4   Belgium (2)                             410      -177
 5   Germany                               1,759       114
 6   Luxembourg (2)                           79      -325
 7   Netherlands                          -3,891    -2,820
 8   Sweden                                  269        88
 9   Switzerland                             973    -1,189
10   United Kingdom                        7,110    -4,159
11   Channel Islands and
        Isle of Man (3)                     -251       -35
12   Other Europe and former U.S.S.R         610     2,026
13 Canada                                  1,695    -1,471

14 Latin America and Caribbean              -424    -3,844
15   Venezuela                                -7       -18
16   Other Latin America and Caribbean     8,838    -1,546
17   Netherlands Antilles                 -9,255    -2,280
18 Asia                                    5,653      -730
19   Japan                                -2,309     3,340
20 Africa                                     70      -158
21 Other                                    -295       498

22 Nonmonetary international and
        regional organizations               149       310
23   International                           199       398
24   Latin American Caribbean regional        -5       -47

   MEMO
25 Foreign countries                      13,767   -12,155
26   Official institutions                 5,254    -1,606
27   Other foreign                         8,513   -10,549

   Oil-exporting countries
28 Middle East (4)                           137     1,262
29 Africa (5)                                  2       -25

(1.) Official and private transactions in marketable U.S. Treasury
securities having an original maturity of more than one year. Data
are based on monthly transactions reports. Excludes nonmarketable
U.S. Treasury bonds and notes held by official institutions of
foreign countries.

(2.) Betore January 2001, combined data reported for
Belgium and Luxembourg.

(3.) Before January 2001, these data were included in the data
reported for the United Kingdom.

(4.) Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi
Arabia, and United Arab Emirates (Trucial States).

(5.) Comprises Algeria, Gabon, Libya, and Nigeria.
3.28 FOREIGN EXCHANGE RATES AND INDEXES OF THE FOREIGN
EXCHANGE VALUE OF THE U.S. DOLLAR (1)

Currency units per U.S. dollar except as noted

            Item                   1999          2000          2001

                                             Exchange rates
COUNTRY/CURRENCY UNIT

1 Australia/dollar (2)            64.54         58.15         51.69
2 Brazil/real                      1.8207        1.8301        2.3527
3 Canada/dollar                    1.4858        1.4855        1.5487
4 China, P.R./yuan                 8.2783        8.2784        8.2770
5 Denmark/krone                    6.990         8.0953        8.3323
6 European Monetary
    Union/euro (3)                 1.0653        0.9232        0.8952
7 Greece/drachma                 306.30        365.92          n.a.
8 Hong Kong/dollar                 7.7594        7.7924        7.7997
9 India/rupee                     43.13         45.00         47.22
10 Japan/yen                     113.73        107.80        121.57
11 Malaysia/ringgit                3.8000        3.8000        3.8000
12 Mexico/peso                     9.553         9.459         9.337

13 New Zealand/dollar (2)         52.94         45.68         42.02
14 Norway/krone                    7.8071        8.8131        8.9964
15 Singapore/dollar                1.6951        1.7250        1.7930
16 South Africa/rand               6.1191        6.9468        8.6093
17 South Korea/won             1,189.84      1,130.90      1,292.01
18 Sri Lanka/rupee                70.868        76.964        89.602
19 Sweden/krona                    8.2740        9.1735       10.3425
20 Switzerland/franc               1.5045        1.6904        1.6891
21 Taiwan/dollar                  32.322        31.260        33.824
21 Thailand/baht                  37.887        40.210        44.532
23 United Kingdom/pound (2)      161.72        151.56        143.96
24 Venezuela/bolivar             606.82        680.52        724.10

                                             Indexes (4)
           NOMINAL

25 Broad (January
     1997=100) (5)               116.87        119.67        126.09
26 Major currencies
     (March 1973=100) (6)         94.07         98.32        104.32
27 Other important trading
     partners (January
     1997=100) (7)               129.94        130.33        136.34

            REAL

28 Broad (March 1973=100) (5)    100.78 (r)    104.32 (r)    110.42 (r)
29 Major currencies
     (March 1973=100) (6)         97.06 (r)    103.17        110.73 (r)
30 Other important trading
     partners (March
     1973=100) (7)               114.25        114.53        119.20

                                                 2002
            Item
                                   Jan.          Feb.          Mar.

                                             Exchange rates
COUNTRY/CURRENCY UNIT

1 Australia/dollar (2)            51.70         51.28         52.56
2 Brazil/real                      2.3799        2.4242        2.3450
3 Canada/dollar                    1.5997        1.5964        1.5877
4 China, P.R./yuan                 8.2771        8.2767        8.2773
5 Denmark/krone                    8.4183        8.5343        8.4795
6 European Monetary
    Union/euro (3)                 0.8832        0.8707        0.8766
7 Greece/drachma                   n.a.          n.a.          n.a.
8 Hong Kong/dollar                 7.7989        7.7996        7.7997
9 India/rupee                     48.35         48.72         48.77
10 Japan/yen                     132.68        133.64        131.06
11 Malaysia/ringgit                3.8000        3.8002        3.8000
12 Mexico/peso                     9.164         9.105         9.064

13 New Zealand/dollar (2)         42.45         41.87         43.33
14 Norway/krone                    8.9684        8.9492        8.8072
15 Singapore/dollar                1.8394        1.8312        1.8295
16 South Africa/rand              11.6258       11.4923       11.4863
17 South Korea/won             1,316.34      1,320.55      1,322.90
18 Sri Lanka/rupee                93.473        93.650        94.903
19 Sweden/krona                   10.4561       10.5501       10.3324
20 Switzerland/franc               1.6709        1.6970        1.6743
21 Taiwan/dollar                  35.027        35.073        35.020
21 Thailand/baht                  44.036        43.854        43.415
23 United Kingdom/pound (2)      143.22        142.27        142.30
24 Venezuela/bolivar             762.40        898.51        922.66

                                             Indexes (4)
           NOMINAL

25 Broad (January
     1997=100) (5)               129.26        130.03        129.27
26 Major currencies
     (March 1973=100) (6)        108.10        108.82        107.76
27 Other important trading
     partners (January
     1997=100) (7)               137.95        138.64        138.49

            REAL

28 Broad (March 1973=100) (5)    112.52 (r)    113.10 (r)    112.79 (r)
29 Major currencies
     (March 1973=100) (6)        114.67 (r)    115.66 (r)    114.60 (r)
30 Other important trading
     partners (March
     1973=100) (7)               119.13 (r)    119.25 (r)    119.85 (r)

                                                 2002
            Item
                                   Apr.          May           June

                                             Exchange rates
COUNTRY/CURRENCY UNIT

1 Australia/dollar (2)            53.52         54.98         56.82
2 Brazil/real                      2.3227        2.4753        2.7144
3 Canada/dollar                    1.5815        1.5502        1.5318
4 China, P.R./yuan                 8.2772        8.2770        8.2767
5 Denmark/krone                    8.3942        8.1098        7.7775
6 European Monetary
    Union/euro (3)                 0.8860        0.9170        0.9561
7 Greece/drachma                   n.a.          n.a.          n.a.
8 Hong Kong/dollar                 7.8000        7.7994        7.8000
9 India/rupee                     48.94         49.02         48.98
10 Japan/yen                     130.77        126.38        123.29
11 Malaysia/ringgit                3.8000        3.8000        3.8000
12 Mexico/peso                     9.165         9.510         9.767

13 New Zealand/dollar (2)         44.28         46.10         48.86
14 Norway/krone                    8.6102        8.2050        7.7533
15 Singapore/dollar                1.8285        1.8004        1.7831
16 South Africa/rand              11.0832       10.1615       10.1841
17 South Korea/won             1,318.09      1,262.20      1,219.70
18 Sri Lanka/rupee                96.030        96.318        96.408
19 Sweden/krona                   10.3070       10.0642        9.5376
20 Switzerland/franc               1.6542        1.5889        1.5399
21 Taiwan/dollar                  34.917        34.454        33.889
21 Thailand/baht                  43.442        42.817        42.160
23 United Kingdom/pound (2)      144.29        145.98        148.37
24 Venezuela/bolivar             871.38        985.80      1,212.07

                                             Indexes (4)
           NOMINAL

25 Broad (January
     1997=100) (5)               128.95        127.35        125.96
26 Major currencies
     (March 1973=100) (6)        107.03        104.09        101.42
27 Other important trading
     partners (January
     1997=100) (7)               138.86        139.71        140.70

            REAL

28 Broad (March 1973=100) (5)    112.72 (r)    111.20 (r)    110.52
29 Major currencies
     (March 1973=100) (6)        113.96 (r)    110.64 (r)    108.55
30 Other important trading
     partners (March
     1973=100) (7)               120.50 (r)    121.19 (r)    122.32

(1.) Averages of certified noon buying rates in New York for cable
transfers. Data in this table also appear in the Board's G.5 (405)
monthly statistical release. For ordering address, see inside front
cover.

(2.) U.S. cents per currency unit.

(3.) The euro is reported in place of the individual euro area
currencies. By convention, the rate is reported in U.S. dollars
per euro. The bilateral currency rates can be derived from the
euro rate by using the fixed conversion rates (in currencies
per euro) as shown below:

Euro equals

      13.7603  Austrian schillings
      40.3399  Belgian francs
      5.94573  Finnish markkas
      6.55957  French francs
      1.95583  German marks
      .787564  Irish pounds
     1,936.27  Italian lire
      40.3399  Luxembourg francs
      2.20371  Netherlands guilders
      200.482  Portuguese escudos
      166.386  Spanish pesetas
      340.750  Greek drachmas

(4.) Starting with the February 2002 Bulletin, revised index values
resulting from the periodic revision of data that underlie the
calculated trade weights are reported. For more information on the
indexes of the foreign exchange value of the dollar, see Federal
Reserve Bulletin, vol. 84 (October 1998), pp. 811-818.

(5.) Weighted average of the foreign exchange value of the U.S.
dollar against the currencies of a broad group of U.S. trading
partners. The weight for each currency is computed as an average
of U.S. bilateral import shares from and export shares to the
issuing country and of a measure of the importance to U.S.
exporters of that country's trade in third country markets.

(6.) Weighted average of the foreign exchange value of the U.S.
dollar against a subset of broad index currencies that circulate
widely outside the country of issue. The weight for each currency
is its broad index weight scaled so that the weights of the subset
of currencies in the index sum to one.

(7.) Weighted average of the foreign exchange value of the U.S.
dollar against a subset of broad index currencies that do not
circulate widely outside the country of issue. The weight for
each currency is its broad index weight scaled so that the
weights of the subset of currencies in the index sum to one.
Guide to Special Tables and Statistical Releases

SPECIAL TABLES--Data Published Irregularly, with Latest Bulletin
Reference

Title and Date                                            Issue   Page

Assets and liabilities of commercial banks

June 30, 2001                                     November 2001    A64
September 30, 2001                                February 2002    A64
December 31, 2001                                      May 2002    A64
March 31, 2002                                      August 2002    A58

Terms of lending at commercial banks

August 2001                                       November 2001    A66
November 1, 2001                                  February 2002    A66
February 2002                                          May 2002    A66
May 1, 2002                                         August 2002    A60

Assets and liabilities of U.S.
branches and agencies of foreign banks

June 30, 2001                                     February 2002    A72
September 30, 2001                                   March 2002    A65
December 31,2001                                       May 2002    A72
March 31, 2002                                      August 2002    A66

Pro forma financial statements for
Federal Reserve priced services *

March 31, 2001                                      August 2001    A76
June 30, 2001                                      October 2001    A64
September 30, 2001                                 January 2002    A64

Residential lending reported under
the Home Mortgage Disclosure Act

1999                                             September 2000    A64
2000                                             September 2001    A64

Disposition of applications
for private mortgage insurance

1999                                             September 2000    A73
2000                                             September 2001    A73

Small loans to businesses and farms

1999                                             September 2000    A76
2000                                             September 2001    A76

Community development lending
reported under the Community
Reinvestment Act

1999                                             September 2000    A79
2000                                             September 2001    A79

STATISTICAL RELEASES--A List of Statistical Releases Published
by the Federal Reserve is Printed Semiannually in the Bulletin

                                                          Issue   Page

Schedule of anticipated release
dates for periodic releases                           June 2002    A72

NOTE. The pro forma financial statements for Federal Reserve
priced services were discontinued in the Bulletin after the
January 2002 issue. Year-end figures for 2001 are available
in the Board's 88th Annual Report, 2001 (http://www.federal
reserve.gov/boarddocs/rptcongress).
4.20 DOMESTIC AND FOREIGN OFFICES Insured Commercial Bank Assets
and Liabilities Consolidated Report of Condition, March 31, 2002

Millions of dollars except as noted

                                                                Banks
                                                                with
                                                               foreign
                                                               offices
                                                   Domestic      (1)
                 Item                     Total      total
                                                                 Total

  1 Total assets                        6,393,830  5,683,534  4,216,131
  2 Cash and balances due
       from depository institutions       336,539    245,426    244,923
  3  Cash items in process of
       collection, unposted debits,
       and currency and coin                n.a.       n.a.     105,697
  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.      33,806
  7  Balances due from banks in
       foreign countries and
       foreign central banks                n.a.       n.a.      90,718
  8  Balances due from Federal
       Reserve Banks                        n.a.       n.a.      14,701

  9 Total securities, held-to-
        maturity (amortized cost)
        and available-for-sale
        (fair value)                    1,161,522      n.a.     644,171
 10   U.S. Treasury securities             49,193      n.a.      26,477
 11   U.S. government agency and
           corporation obligations
           (excludes mortgage-backed
           securities)                    193,821      n.a.      71,205
 12     Issued by U.S.
           government agencies              5,492      n.a.       2,628
 13     Issued by U.S. government-
           sponsored agencies             188,329      n.a.      68,577
 14   Securities issued by states and
           political subdivisions
           in the United States            96,286      n.a.      32,492
 15   Mortgage-backed securities (MBS)    604,848      n.a.     389,343
 16    Pass-through securities            375,349      n.a.     258,328
 17      Guaranteed by GNMA                97,322      n.a.      61,082
 18      Issued by FNMA and FHLMC         262,820      n.a.     183,389
 19      Other pass-through securities     15,207      n.a.      13,857
 20    Other mortgage-backed
           securities (includes CMOs,
           REMICs, and stripped MBS)      229,499      n.a.     131,015
 21      Issued or guaranteed
           by FNMA, FHLMC or GNMA         163,170      n.a.      98,194
 22      Collateralized by MBS issued
           or guaranteed by FNMA,
           FHLMC, or GNMA                   7,317      n.a.       5,878
 23      All other mortgage-
           backed securities               59,011      n.a.      26,943
 24   Asset-backed securities              99,273      n.a.      42,821
 25   Credit card receivables              34,779      n.a.      12,976
 26   Home equity lines                    30,041      n.a.      16,949
 27   Automobile loans                     14,406      n.a.       4,229
 28   Other consumer loans                  1,168      n.a.         637
 29   Commercial and industrial loans       6,436      n.a.       2,773
 30   Other                                12,443      n.a.       5,258
 31   Other debt securities                96,531      n.a.      68,246
 32     Other domestic debt securities     36,774      n.a.      13,127
 33     Foreign debt securities            59,757      n.a.      55,119
 34     Investments in mutual funds
          and other equity securities
          with readily determinable
          fair value                       21,570      n.a.      13,588

 35 Federal funds sold and securities
        purchased under
        agreements to resell              307,471    253,785    219,127
 36   Federal funds sold in
        domestic offices                  152,530    152,530     75,903
 37   Securities purchased under
        agreements to resell              154,942    101,255    143,225

 38 Total loans and leases (gross)
        and lease-financing
        receivables (net)               3,822,983  3,531,693  2,456,090
 39   LESS: Unearned income on loans        3,814      2,873      2,694
 40   LESS: Loans and leases
        held for sale                     152,361      n.a.     121,844
 41 Total loans and leases
        (net of unearned income)        3,666,807      n.a.   2,331,552
 42   LESS: Allowance for loan
        and lease losses                   72,645      n.a.      49,786
 43 Loans and leases, net of unearned
      income and allowance              3,594,162      n.a.   2,281,765

    Total loans and leases
      gross by category
 44 Loans secured by real estate        1,794,144  1,762,619    990,969
 45   Construction and land
        development                         n.a.     192,429      n.a.
 46   Farmland                              n.a.      35,978      n.a.
 47   One- to four-family
          residential properties            n.a.     953,494      n.a.
 48     Revolving, open-end loans,
          extended under
          lines of credit                   n.a.     166,460      n.a.

    Closed-end loans secured by one-
        to four-family residential
        properties
 49   Secured by first liens                n.a.     684,775      n.a.
 50   Secured by junior liens               n.a.     102,258      n.a.
 51   Multifamily (five or more)
        residential properties              n.a.      65,657      n.a.
 52   Nonfarm nonresidential
        properties                          n.a.     515,061      n.a.
 53 Loans to depository institutions
        and acceptances of other banks    114,165     89,555    101,915
 54   Commercial banks in the
        United States                       n.a.       n.a.      71,412
 55   Other depository institutions
        in the United States                n.a.       n.a.       9,454
 56   Banks in foreign countries            n.a.       n.a.      21,049
 57 Loans to finance
       agricultural production
       and other loans to farmers          44,787     44,176     10,723
 58 Commercial and industrial loans       959,426    815,271    711,610
 59   U.S. addressees (domicile)            n.a.       n.a.     574,435
 60   Non-U.S. addressees (domicile)        n.a.       n.a.     137,175
 61 Loans to individuals for
       household, family, and other
       personal expenditures (includes
       purchased paper)                   604,831    550,795    367,435
 62   Credit cards                        208,129    190,675    132,832
 63   Other revolving credit plans         34,834     25,589     28,410
 64 Other consumer loans (including
        single-payment, installment,
        and all student loans)            361,868    334,531    206,193
 65 Obligations (other than
        securities) of states and
        political subdivisions in the
        United States (includes
        nonrated industrial
        development obligations)           22,083     22,083     13,778
 66 All other loans                       118,065     89,170    107,103
 67   Loans to foreign governments
        and official institutions           6,407      2,071      6,395
 68   Other loans                         111,657     87,099    100,709
 69     Loans for purchasing and
          carrying securities               n.a.       n.a.       n.a.
 70     All other loans (excludes
          consumer loans)                   n.a.       n.a.       n.a.
 71 Lease-financing receivables           165,481    158,025    152,556
 72 Trading assets                        313,960      n.a.     305,834
 73   Premises and fixed assets
        (including capitalized leases)     76,132      n.a.      44,666
 74   Other real estate owned               4,021      n.a.       1,761
 75   Investments in unconsolidated
        subsidiaries and associated
        companies                           8,491      n.a.       7,525
 76 Customers' liability on
      acceptances outstanding               5,539      n.a.       5,329
 77 Net due form own foreign offices,
      Edge Act and agreement
      subsidiaries, and IBFs                n.a.       n.a.       n.a.
 78 Intangible assets                     128,285      n.a.     104,089
 79   Goodwill                             80,133      n.a.      63,081
 80   Other intangible assets              48,151      n.a.      41,008
 81 All other assets                      305,340      n.a.     235,097
 82 Total liabilities, minority
      interest, and equity capital      6,393,830      n.a,   4,216,131

 83 Total liabilities                   5,792,878  5,082,794  3,828,170

 84 Total deposits                      4,316,411  3,713,128  2,688,501
 85   Individuals, partnerships, and
         corporations (include all
         certified and
         official checks)               3,906,462  3,453,134  2,401,268
 86   U.S. government                       n.a.      16,342      n.a.
 87   States and political
        subdivisions in the
        United States                        ha.     186,565      n.a.
 88   Commercial banks and other
         depository institutions
         in the United States              96,664     47,370     76,946
 89   Banks in foreign countries           83,531      8,862     82,893
 90   Foreign governments and official
           institutions (including
           foreign central banks)          26,435        855     26,369

 91   Total transaction accounts            n.a.     641,653      n.a.
 92     Individuals, partnerships, and
          corporations (include
          all certified and
          official checks)                  n.a.     548,560      n.a.
 93     U.S. government  n.a.                          1,106      n.a.
 94     States and political
          subdivisions in
          the United States                 n.a.      52,383      n.a.
 95     Commercial banks and other
            depository institutions
            in the United States            n.a.      31,967      n.a.
 96       Banks in foreign countries        n.a.       7,180      n.a.
 97       Foreign governments and
            official institutions
            (including foreign
            central banks)                  n.a.         456      n.a.

 98   Total demand deposits                 n.a.     490,545      n.a.

 99   Total nontransaction accounts         n.a.   3,071,475      n.a.
100     Individuals, partnerships,
          and corporations (include
          all certified and
          official checks)                  n.a.   2,904,574      n.a.
101     U.S. government                     n.a.      15,236      n.a.
102     States and political
          subdivisions in
          the United States                 n.a.     134,182      n.a.
103     Commercial banks and other
          depository institutions
          in the United States              n.a.      15,403      n.a.
104     Banks in foreign countries          n.a.       1,682      n.a.
105     Foreign governments and
          official institutions
          (including foreign
          central banks)                    n.a.         399      n.a.

106 Federal funds purchased and
        securities sold under
        agreements to repurchase          505,582    459,990    397,986
107   Federal funds purchased
        in domestic offices               209,985    209,985    152,510
108   Securities sold under
        agreements to repurchase          295,597    250,005    245,475
109 Trading liabilities                   177,693      n.a.     176,980
110 Other borrowed money (includes
        mortgage indebtedness and
        obligations under capitalized
        leases)                           496,934    460,096    315,597
111 Banks' liability on acceptances
      executed and outstanding              5,549      3,511      5,338
112 Subordinated notes and
      debentures to deposits               92,330      n.a.      83,324
113 Net due to own foreign offices,
      Edge Act and agreement
      subsidiaries, and IBFs                n.a.       n.a.       n.a.
114 All other liabilities                 198,380      n.a.     160,444
115 Minority interest in
      consolidated subsidiaries            10,870      n.a.       9,476

116 Total equity capital                  590,082      n.a.     378,484

    MEMO
117 Trading assets at large banks (2)     313,845    160,748    305,741
118   U.S. Treasury securities
        (domestic offices)                  n.a.      20,951      n.a.
119   U.S. government agency
        obligations (excluding MBS)         n.a.      10,469      n.a.
120   Securities issued by states and
        political subdivisions
        in the United States                n.a.       1,223      n.a.
121   Mortgage-backed securities            n.a.       9,393      n.a.
122   Other debt securities                 n.a.      32,776      n.a.
123   Other trading assets                  n.a.      23,182      n.a.
124   Trading assets in
        foreign offices                    90,449          0     90,499
125   Revaluation gains on interest
         rate, foreign exchange rate,
         and other commodity and
         equity contracts                 125,353     62,754    124,968
126 Total individual retirement
      (IRA) and Keogh plan accounts         n.a.     160,026      n.a.
127 Total brokered deposits                 n.a.     228,462      n.a.
128   Fully insured brokered deposits       n.a.     162,855      n.a.
129     Issued in denominations
          of less than $100,000             n.a.      87,035      n.a.
130     Issued in denominations of
          $100,000, or in
          denominations greater than
          $100,000 and participated
          out by the broker in shares
          of $100,000 or less               n.a.      75,820      n.a.
131 Money market deposit
      accounts (MMDAs)                      n.a.   1,300,148      n.a.
132 Other savings deposits
      (excluding MMDAs)                     n.a.     511,469      n.a.
133 Total time deposits of
      less than $100,000                    n.a.     720,259      n.a.
134 Total time deposits of
      $100,000 or more                      n.a.     539,599      n.a.
135 Number of banks                         7,982      7,982        131

                                        Banks with    Banks with
                                        foreign       domestic offices
                                        offices (1)   only (2)
                 Item
                                        Domestic         Total

  1 Total assets                        3,505,836     2,177,699
  2 Cash and balances due
       from depository institutions       153,810        91,616
  3  Cash items in process of
       collection, unposted debits,
       and currency and coin              103,404         n.a.
  4   Cash items in process of
        collection and unposted debits     83,835         n.a.
  5   Currency and coin                    19,569         n.a.
  6  Balances due from depository
       institutions in the
       United States                       28,192         n.a.
  7  Balances due from banks in
       foreign countries and
       foreign central banks                7,610         n.a.
  8  Balances due from Federal
       Reserve Banks                       14,605         n.a.

  9 Total securities, held-to-
        maturity (amortized cost)
        and available-for-sale
        (fair value)                        n.a.        517,351
 10   U.S. Treasury securities              n.a.         22,716
 11   U.S. government agency and
           corporation obligations
           (excludes mortgage-backed
           securities)                      n.a.        122,616
 12     Issued by U.S.
           government agencies              n.a.          2,864
 13     Issued by U.S. government-
           sponsored agencies               n.a.        119,752
 14   Securities issued by states and
           political subdivisions
           in the United States             n.a.         63,793
 15   Mortgage-backed securities (MBS)      n.a.        215,505
 16    Pass-through securities              n.a.        117,021
 17      Guaranteed by GNMA                 n.a.         36,240
 18      Issued by FNMA and FHLMC           n.a.         79,431
 19      Other pass-through securities      n.a.          1,350
 20    Other mortgage-backed
           securities (includes CMOs,
           REMICs, and stripped MBS)        n.a.         98,484
 21      Issued or guaranteed
           by FNMA, FHLMC or GNMA           n.a.         64,976
 22      Collateralized by MBS issued
           or guaranteed by FNMA,
           FHLMC, or GNMA                   n.a.          1,439
 23      All other mortgage-
           backed securities                n.a.         32,069
 24   Asset-backed securities               n.a.         56,452
 25   Credit card receivables               n.a.         21,803
 26   Home equity lines                     n.a.         13,092
 27   Automobile loans                      n.a.         10,178
 28   Other consumer loans                  n.a.            531
 29   Commercial and industrial loans       n.a.          3,663
 30   Other                                 n.a.          7,185
 31   Other debt securities                 n.a.         28,286
 32     Other domestic debt securities      n.a.         23,647
 33     Foreign debt securities             n.a.          4,638
 34     Investments in mutual funds
          and other equity securities
          with readily determinable
          fair value                        n.a.          7,982

 35 Federal funds sold and securities
        purchased under
        agreements to resell              165,441        88,344
 36   Federal funds sold in
        domestic offices                   75,903        76,627
 37   Securities purchased under
        agreements to resell               89,538        11,717

 38 Total loans and leases (gross)
        and lease-financing
        receivables (net)               2,164,800     1,366,893
 39   LESS: Unearned income on loans        1,753         1,120
 40   LESS: Loans and leases
        held for sale                       n.a.         30,518
 41 Total loans and leases
        (net of unearned income)            n.a.      1,335,255
 42   LESS: Allowance for loan
        and lease losses                    n.a.         22,858
 43 Loans and leases, net of unearned
      income and allowance                  n.a.      1,312,397

    Total loans and leases
      gross by category
 44 Loans secured by real estate          959,444       803,175
 45   Construction and land
        development                        95,922        96,508
 46   Farmland                              6,746        29,232
 47   One- to four-family
          residential properties          591,143       362,350
 48     Revolving, open-end loans,
          extended under
          lines of credit                 116,477        49,983

    Closed-end loans secured by one-
        to four-family residential
        properties
 49   Secured by first liens              414,385       270,390
 50   Secured by junior liens              60,281        41,977
 51   Multifamily (five or more)
        residential properties             33,940        31,717
 52   Nonfarm nonresidential
        properties                        231,692       283,368
 53 Loans to depository institutions
        and acceptances of other banks     77,305        12,250
 54   Commercial banks in the
        United States                      62,119         n.a.
 55   Other depository institutions
        in the United States                9,435         n.a.
 56   Banks in foreign countries            5,751         n.a.
 57 Loans to finance
       agricultural production
       and other loans to farmers          10,111        34,065
 58 Commercial and industrial loans       567,455       247,816
 59   U.S. addressees (domicile)          557,115         n.a.
 60   Non-U.S. addressees (domicile)       10,340         n.a.
 61 Loans to individuals for
       household, family, and other
       personal expenditures (includes
       purchased paper)                   313,399       237,396
 62   Credit cards                        115,377        75,297
 63   Other revolving credit plans         19,165         6,423
 64 Other consumer loans (including
        single-payment, installment,
        and all student loans)            178,856       155,675
 65 Obligations (other than
        securities) of states and
        political subdivisions in the
        United States (includes
        nonrated industrial
        development obligations)           13,778         8,305
 66 All other loans                        78,208        10,962
 67   Loans to foreign governments
        and official institutions           2,059            13
 68   Other loans                          76,150        10,949
 69     Loans for purchasing and
          carrying securities              14,805         n.a.
 70     All other loans (excludes
          consumer loans)                  61,344         n.a.
 71 Lease-financing receivables           145,100        12,925
 72 Trading assets                          n.a.          8,126
 73   Premises and fixed assets
        (including capitalized leases)      n.a.         31,466
 74   Other real estate owned               n.a.          2,260
 75   Investments in unconsolidated
        subsidiaries and associated
        companies                           n.a.            967
 76 Customers' liability on
      acceptances outstanding               n.a.            211
 77 Net due form own foreign offices,
      Edge Act and agreement
      subsidiaries, and IBFs               28,539         n.a.
 78 Intangible assets                       n.a.         24,195
 79   Goodwill                              n.a.         17,052
 80   Other intangible assets               n.a.          7,143
 81 All other assets                        n.a.         70,243
 82 Total liabilities, minority
      interest, and equity capital          n.a.      2,177,699

 83 Total liabilities                   3,118,087     1,964,707

 84 Total deposits                      2,085,219     1,627,910
 85   Individuals, partnerships, and
         corporations (include all
         certified and
         official checks)               1,947,940     1,505,195
 86   U.S. government                      14,972         1,370
 87   States and political
        subdivisions in the
        United States                      85,642       100,923
 88   Commercial banks and other
         depository institutions
         in the United States              27,652        19,717
 89   Banks in foreign countries            8,224           638
 90   Foreign governments and official
           institutions (including
           foreign central banks)             788            66

 91   Total transaction accounts          333,429       308,224
 92     Individuals, partnerships, and
          corporations (include
          all certified and
          official checks)                279,426       269,134
 93     U.S. government  n.a.                 602           505
 94     States and political
          subdivisions in
          the United States                23,651        28,732
 95     Commercial banks and other
            depository institutions
            in the United States           22,511         9,456
 96       Banks in foreign countries        6,796           384
 97       Foreign governments and
            official institutions
            (including foreign
            central banks)                    443            13

 98   Total demand deposits               294,648       195,897

 99   Total nontransaction accounts     1,751,790     1,319,686
100     Individuals, partnerships,
          and corporations (include
          all certified and
          official checks)              1,668,513     1,236,061
101     U.S. government                    14,370           866
102     States and political
          subdivisions in
          the United States                61,991        72,191
103     Commercial banks and other
          depository institutions
          in the United States              5,141        10,262
104     Banks in foreign countries          1,428           254
105     Foreign governments and
          official institutions
          (including foreign
          central banks)                      346            53

106 Federal funds purchased and
        securities sold under
        agreements to repurchase          352,394       107,596
107   Federal funds purchased
        in domestic offices               152,510        57,475
108   Securities sold under
        agreements to repurchase          199,883        50,121
109 Trading liabilities                     n.a.            712
110 Other borrowed money (includes
        mortgage indebtedness and
        obligations under capitalized
        leases)                           278,759       181,337
111 Banks' liability on acceptances
      executed and outstanding              3,300           211
112 Subordinated notes and
      debentures to deposits                n.a.          9,007
113 Net due to own foreign offices,
      Edge Act and agreement
      subsidiaries, and IBFs              120,095         n.a.
114 All other liabilities                   n.a.         37,936
115 Minority interest in
      consolidated subsidiaries             n.a.          1,394

116 Total equity capital                    n.a.        211,597

    MEMO
117 Trading assets at large banks2        152,643         8,105
118   U.S. Treasury securities
        (domestic offices)                 20,780           171
119   U.S. government agency
        obligations (excluding MBS)         9,823           646
120   Securities issued by states and
        political subdivisions
        in the United States                  931           291
121   Mortgage-backed securities            5,724         3,668
122   Other debt securities                31,661         1,115
123   Other trading assets                 21,355         1,827
124   Trading assets in
        foreign offices                         0             0
125   Revaluation gains on interest
         rate, foreign exchange rate,
         and other commodity and
         equity contracts                  62,369           385
126 Total individual retirement
      (IRA) and Keogh plan accounts        72,919        87,107
127 Total brokered deposits                96,741       131,721
128   Fully insured brokered deposits      63,006        99,849
129     Issued in denominations
          of less than $100,000            28,455        58,581
130     Issued in denominations of
          $100,000, or in
          denominations greater than
          $100,000 and participated
          out by the broker in shares
          of $100,000 or less              34,551        41,269
131 Money market deposit
      accounts (MMDAs)                    845,160       454,988
132 Other savings deposits
      (excluding MMDAs)                   301,194       210,275
133 Total time deposits of
      less than $1013,000                 313,230       407,029
134 Total time deposits of
      $100,000 or more                    292,206       247,393
135 Number of banks                         n.a.          7,851

NOTE. The notation "n.a." indicates the lesser detail available from
banks that do not have foreign offices, the inapplicability of certain
items to banks that have only domestic offices, or the absence of
detail on a fully consolidated basis for banks that have foreign
offices.

(1.) All transactions between domestic and foreign offices or a bank
are reported in "net due from" and "net due to" lines, All other
lines represent transactions with parties other than the domestic and
foreign offices of each bank. Because these intra-office transactions
are nullified by consolidation, total assets and total liabilities for
the entire bank may not equal the sum of assets and liabilities
respectively of the domestic and foreign offices.

Foreign offices include branches in foreign countries, Puerto Rico,
and US.-affiliated insular areas; subsidiaries in foreign countries;
all offices of Edge Act and agreement corporations wherever located;
and international banking facility (IBF).

(2.) Components of "Trading Assets at Large Banks" are reported only
by banks that reported trading assets of $2 million or more any quarter
of the preceding calendar year.
4.23 TERMS OF LENDING AT COMMERCIAL BANKS
Survey of Loans Made, May 6-10, 2002

A. Commercial and industrial loans made by all commercial banks (1)

                                 Weighted-    Amount of     Average
                                  average       loans      loan size
             Item                effective    (millions   (thousands
                                 loan rate   of dollars)  of dollars)
                                 (percent)
                                    (2)

        LOAN RISK (5)

 1 All commercial and
       industrial loans            3.60           72,959          474
 2   Minimal risk                  2.61            1,864          435
 3   Low risk                      2.86           16,294        1,304
 4   Moderate risk                 3.84           23,534          451
 5   Other                         4.00           23,197          393

   By maturity/repricing
     interval (6)
 6 Zero interval                   4.55           12,812          238
 7   Minimal risk                  3.73              241          162
 8   Low risk                      3.34            3,977          742
 9   Moderate risk                 5.08            3,856          192
10   Other                         5.51            3,874          158

11 Daily                           3.12           30,489          636
12   Minimal risk                  2.17              865        1,834
13   Low risk                      2.34            6,558        3,738
14   Moderate risk                 3.47            6,902          524
15   Other                         3.40           11,324          611

16 2 to 30 days                    3.46           10,444          660
17   Minimal risk                  2.43              475          864
18   Low risk                      2.74            1,406        1,027
19   Moderate risk                 3.55            4,187        1,001
20   Other                         4.03            3,104          397

21 31 to 365 days                  3.44           16,523          701
22   Minimal risk                  3.05              237          190
23   Low risk                      2.88            3,810        1,363
24   Moderate risk                 3.36            7,417          777
25   Other                         3.88            4,202          895

26 More than 365 days              6.01            2,422          218
27   Minimal risk                  4.58               45           90
28   Low risk                      5.92              536          458
28   Moderate risk                 6.24            1,047          241
30   Other                         5.81              567          189

                                                              Weighted-
                                                               average
                                                                risk
                                                             rating (5)

         SIZE OF LOAN
    (thousands of dollars)

31 1-99                            5.88            2,835          3.4
32 100-999                         5.09            9,753          3.4
33 1,000-9,999                     3.76           21,555          3.2
34 10,000 or more                  2.96           38,815          3.0

    BASE RATE OF LOAN (4)

35 Prime (7)                       5.33           17,589          3.4
36 Fed funds                       2.50           15,820          3.1
37 Other domestic                  2.73            7,959          2.4
38 Foreign                         3.15           20,370          3.1
39 Other                           3.84           11,221          3.3

                                 Weighted-
                                  average
             Item                maturity    Amount of loans (percent)
                                    (3)
                                             Secured by
                                             collateral    Collable
                                   Days

        LOAN RISK (5)

 1 All commercial and
       industrial loans             383         33.3          9.5
 2   Minimal risk                   203         26.2         14.7
 3   Low risk                       296         28.0          9.6
 4   Moderate risk                  676         34.9         11.4
 5   Other                          234         37.4          7.2

   By maturity/repricing
     interval (6)
 6 Zero interval                    525         53.0         15.8
 7   Minimal risk                   478         61.6         28.9
 8   Low risk                       302         22.3          6.8
 9   Moderate risk                  865         66.0         20.5
10   Other                          532         64.2         21.9

11 Daily                            178         28.5          7.3
12   Minimal risk                    13          8.9          1.6
13   Low risk                       195         32.5         11.2
14   Moderate risk                  359         32.0         12.8
15   Other                           99         29.7          3.1

16 2 to 30 days                     318         24.2         16.4
17   Minimal risk                    35         13.6         35.9
18   Low risk                       257         12.8         23.9
19   Moderate risk                  542         24.1         17.1
20   Other                          185         37.4          8.5

21 31 to 365 days                   429         25.3          3.6
22   Minimal risk                   785         70.6          7.9
23   Low risk                       312         24.2          4.2
24   Moderate risk                  635         20.8          2.1
25   Other                          196         27.1          1.3

                                  Months

26 More than 365 days                70         76.0          6.2
27   Minimal risk                    41         66.5          3.1
28   Low risk                        48         80.4         10.2
28   Moderate risk                   92         79.6          3.3
30   Other                           56         74.0          6.6

                                 Weighted-
                                  average
                                 maturity/
                                 repricing
                                 interval
                                 (6) Days

         SIZE OF LOAN
    (thousands of dollars)

31 1-99                             145         80.6         26.3
32 100-999                          132         67.8         17.9
33 1,000-9,999                       91         33.2          9.6
34 10,000 or more                    32         21.1          6.1

    BASE RATE OF LOAN (4)

35 Prime (7)                         98         65.5         21.3
36 Fed funds                         10         18.9          2.2
37 Other domestic                    10          4.4         21.4
38 Foreign                           36         19.8          2.4
39 Other                            198         47.8          5.7

                                Amount of loans (percent)    Most
                                                            common
             Item               Subject to                   base
                                prepayment   Made under     pricing
                                  penalty    commitment    rate (4)

        LOAN RISK (5)

 1 All commercial and
       industrial loans            36.6         77.1        Foreign
 2   Minimal risk                  55.3         84.8        Foreign
 3   Low risk                      36.3         81.4       Fed funds
 4   Moderate risk                 36.1         86.5        Foreign
 5   Other                         33.8         76.1        Foreign

   By maturity/repricing
     interval (6)
 6 Zero interval                   11.5         78.6         Prime
 7   Minimal risk                  12.5         73.8         Prime
 8   Low risk                      17.7         62.6       Fed funds
 9   Moderate risk                 11.7         87.6         Prime
10   Other                          7.3         82.6         Prime

11 Daily                           43.4         70.8       Fed funds
12   Minimal risk                  93.5         98.8        Foreign
13   Low risk                      56.1         89.0       Fed funds
14   Moderate risk                 32.4         85.6       Fed funds
15   Other                         32.6         67.7       Fed funds

16 2 to 30 days                    32.9         77.9        Foreign
17   Minimal risk                   7.5         64.8       Domestic
18   Low risk                      25.3         88.5       Fed funds
19   Moderate risk                 29.4         78.9        Foreign
20   Other                         45.0         86.2        Foreign

21 31 to 365 days                  49.9         87.8        Foreign
22   Minimal risk                  64.9         91.6        Foreign
23   Low risk                      30.3         84.0        Foreign
24   Moderate risk                 57.7         93.7        Foreign
25   Other                         58.4         86.0        Foreign

26 More than 365 days              13.9         70.4         Prime
27   Minimal risk                   3.9         49.9         Other
28   Low risk                       3.1         91.2         Prime
28   Moderate risk                 28.9         66.2         Prime
30   Other                          1.6         67.2         Other

         SIZE OF LOAN
    (thousands of dollars)

31 1-99                             3.2         83.5         Prime
32 100-999                          7.5         88.6         Prime
33 1,000-9,999                     35.6         80.1        Foreign
34 10,000 or more                  47.0         72.1        Foreign

                                                          Average size
                                                          (thousands
                                                          of dollars)

    BASE RATE OF LOAN (4)

35 Prime (7)                        4.8         84.1           162
36 Fed funds                       35.9         71.9         5,792
37 Other domestic                  68.0         43.1         3,120
38 Foreign                         66.5         93.1         2,256
39 Other                           11.0         68.6           362
B. Commercial and industrial loans made by all domestic banks (1)

                            Weighted-
          Item               average      Amount of     Average
                            effective       loans      loan size
                            loan rate     (millions    (thousands
                          (percent) (2)  of dollars)  of dollars)

     LOAN RISK (5)

 1 All commercial and
    industrial loans          4.07          41,956           284
 2   Minimal risk             3.07             851           202
 3   Low risk                 2.89          11,287           964
 4   Moderate risk            4.31          15,794           313
 5   Other                    5.10          10,029           179

   By maturity/repricing
     interval (6)
 6 Zero interval              4.66          10,723           203
 7   Minimal risk             3.73             241           162
 8   Low risk                 2.97           2,841           548
 9   Moderate risk            5.11           3,687           187
10   Other                    5.51           3,679           153

11 Daily                      3.60          15,128           326
12   Minimal risk             3.37              54           120
13   Low risk                 2.38           4,680         3,046
14   Moderate risk            3.80           5,189           404
15   Other                    4.99           3,176           178

16 2 to 30 days               3.56           5,434           376
17   Minimal risk             2.24             324           624
18   Low risk                 3.08             838           661
19   Moderate risk            3.62           2,246           592
20   Other                    4.52           1,242           174

21 31 to 365 days             3.90           8,056           377
22   Minimal risk             3.19             187           152
23   Low risk                 3.05           2,385           950
24   Moderate risk            4.07           3,500           395
25   Other                    4.49           1,313           367

26 More than 365 days         6.01           2,422           218
27   Minimal risk             4.58              45            90
28   Low risk                 5.92             535           462
28   Moderate risk            6.24           1,047           241
30   Other                    5.81             567           189

                                                         Weighted-
                                                       average risk
                                                         rating(5)

      SIZE OF LOAN
 (thousands of dollars)

31 1-99                       5.89           2,798           3.4
32 100-999                    5.20           8,814           3.4
33 1,000-9,999                4.22          12,579           3.1
34 10,000 or more             3.11          17,765           2.6

 BASE RATE OF LOAN (4)

35 Prime (7)                  5.33          16,114           3.4
36 Fed funds                  2.34           5,611           2.4
37 Other domestic             2.69           4,548           2.4
38 Foreign                    3.49           6,640           2.9
39 Other                      4.01           9,043           3.0

                            Weighted-
                             average     Amount of loans (percent)
          Item              maturity
                               (3)       Secured by
                                         collateral     Callable
                              Days

     LOAN RISK (5)

 1 All commercial and
       industrial loans         628         47.9          14.2
 2   Minimal risk               452         46.9          32.3
 3   Low risk                   343         36.3          12.7
 4   Moderate risk              973         47.0          13.5
 5   Other                      518         65.3          14.1

   By maturity/repricing
     interval (6)
 6 Zero interval                519         52.5          17.5
 7   Minimal risk               478         61.9          29.0
 8   Low risk                   126         15.8           4.8
 9   Moderate risk              866         67.6          21.3
10   Other                      512         65.4          22.7

11 Daily                        368         48.7          14.7
12   Minimal risk               204         42.3          26.1
13   Low risk                   272         45.5          15.7
14   Moderate risk              483         42.6          17.0
15   Other                      376         67.6          11.0

16 2 to 30 days                 581         33.8          18.4
17   Minimal risk                47          8.9          52.6
18   Low risk                   474         21.5          40.1
19   Moderate risk              885         35.1           7.8
20   Other                      415         58.5           8.1

21 31 to 365 days               799         40.8           7.3
22   Minimal risk               977         89.7          10.1
23   Low risk                   447         37.8           6.7
24   Moderate risk             1279         28.7           4.5
25   Other                      426         61.1           4.2

                             Months

26 More than 365 days            70         76.1           6.2
27   Minimal risk                41         66.5           3.1
28   Low risk                    48         80.4          10.1
28   Moderate risk               92         79.6           3.3
30   Other                       56         74.0           6.6

                            Weighted-
                             average
                            maturity/
                            repricing
                            interval
                               (6)

      SIZE OF LOAN            Days
 (thousands of dollars)

31 1-99                         146         81.2          26.5
32 100-999                      143         72.4          19.1
33 1,000-9,999                  143         47.8          14.1
34 10,000 or more                53         30.7          10.0

 BASE RATE OF LOAN (4)

35 Prime (7)                    106         67.8          18.2
36 Fed funds                     16         46.0           6.2
37 Other domestic                12          6.4          37.4
38 Foreign                       50         38.3           5.3
39 Other                        245         41.8           7.1

                          Amount of loans (percent)       Most
          Item                                           common
                           Subject to    Made under   base pricing
                           prepayment    commitment     rate (4)
                             penalty

     LOAN RISK (5)

 1 All commercial and
       industrial loans          17.9       80.0         Prime
 2   Minimal risk                18.4       66.7        Domestic
 3   Low risk                    34.0       75.1       Fed funds
 4   Moderate risk               17.2       82.7         Prime
 5   Other                        7.6       87.3         Prime

   By maturity/repricing
     interval (6)
 6 Zero interval                 13.0       74.7         Prime
 7   Minimal risk                12.6       73.7         Prime
 8   Low risk                    24.7       47.7       Fed fimds
 9   Moderate risk               11.2       87.2         Prime
10   Other                        6.9       82.2         Prime

11 Daily                         25.9       84.2         Prime
12   Minimal risk                 1.2       80.2        Domestic
13   Low risk                    57.3       89.0       Fed funds
14   Moderate risk               20.8       84.3         Prime
15   Other                        4.3       89.1         Prime

16 2 to 30 days                   8.6       74.0         Other
17   Minimal risk                  *        48.4        Domestic
18   Low risk                    24.3       82.0         Other
19   Moderate risk                6.7       65.6         Prime
20   Other                        9.0       96.9        Foreign

21 31 to 365 days                17.5       85.8        Foreign
22   Minimal risk                66.3       89.3        Foreign
23   Low risk                     9.9       74.5        Foreign
24   Moderate risk               21.8       90.8        Foreign
25   Other                       19.1       96.7         Other

26 More than 365 days            13.9       70.4         Prime
27   Minimal risk                 3.9       49.9         Other
28   Low risk                     3.1       91.2         Prime
28   Moderate risk               28.9       66.2         Prime
30   Other                        1.6       67.2         Other

      SIZE OF LOAN
 (thousands of dollars)

31 1-99                           3.0       83.5         Prime
32 100-999                        3.4       88.5         Prime
33 1,000-9,999                   17.2       87.8         Prime
34 10,000 or more                28.0       69.7       Fed funds

                                                      Average size
 BASE RATE OF LOAN (4)                                 (thousands
                                                      of dollars)

35 Prime (7)                      4.8       82.8           150
36 Fed funds                     30.3       65.8         6,110
37 Other domestic                44.1       73.1         2,199
38 Foreign                       28.3       90.5           981
39 Other                         12.9       79.7           295
C. Commercial and industrial loans made by large domestic banks (1)

          Item              Weighted-     Amount of     Average
                             average        loans      loan size
                            effective     (millions    (thousands
                            loan rate    of dollars)  of dollars)
                          (percent) (2)
     LOAN RISK (5)

 1 All commercial and
       industrial loans       3.69            34,284        459
 2   Minimal risk             2.47               532        843
 3   Low risk                 2.52            10,067      3,512
 4   Moderate risk            3.88            12,643        554
 5   Other                    4.95             8,105        242

   By maturity/repricing
     interval (6)
 6 Zero interval              4.29             7,541        385
 7   Minimal risk             3.07               130        553
 8   Low risk                 2.61             2,494      4,174
 9   Moderate risk            4.86             2,302        280
10   Other                    5.46             2,608        250

11 Daily                      3.44            14,002        347
12   Minimal risk             3.09                48        199
13   Low risk                 2.32             4,584      5,272
14   Moderate risk            3.52             4,567        420
15   Other                    4.98             2,852        183

16 2 to 30 days               3.46             4,719        553
17   Minimal risk             2.00               199      3,412
18   Low risk                 2.94               767      1,088
19   Moderate risk            3.54             2,063      1,089
20   Other                    4.38             1,038        225

21 31 to 365 days             3.45             6,625      2,147
22   Minimal risk             2.27               134      2,234
23   Low risk                 2.69             2,107      4,654
24   Moderate risk            3.66             3,033      3,672
25   Other                    4.35             1,190        805

26 More than 365 days         4.84             1,229        639
27   Minimal risk               *                 *          *
28   Low risk                 2.81               107        547
28   Moderate risk            5.25               574      1,206
30   Other                    4.71               367        401

                                                       Weighted-
                                                      average risk
                                                       rating (5)

      SIZE OF LOAN
 (thousands of dollars)

31 1-99                       5.25             1,425        3.7
32 100-999                    4.80             5,709        3.6
33 1,000-9,999                3.88             9,729        3.2
34 10,000 or more             3.09            17,421        2.6

 BASE RATE OF LOAN (4)

35 Prime (7)                  5.10            11,265        3.5
36 Fed funds                  2.30             5,472        2.3
37 Other domestic             2.64             4,464        2.4
38 Foreign                    3.49             6,063        3.0
39 Other                      3.33             7,020        3.1

                            Weighted-
          Item               average     Amount of loans (percent)
                          maturity (3)
                                         Secured by
                              Days       collateral     Callable

     LOAN RISK (5)

 1 All commercial and
       industrial loans        544          41.2          12.4
 2   Minimal risk              386          49.4          39.9
 3   Low risk                  272          30.9          12.0
 4   Moderate risk             849          36.8          11.8
 5   Other                     473          63.5          11.4

   By maturity/repricing
     interval (6)
 6 Zero interval               417          42.6          12.7
 7   Minimal risk              198          73.1          22.7
 8   Low risk                   79           7.1           2.4
 9   Moderate risk             672          54.6          17.9
10   Other                     570          64.5          17.4

11 Daily                       361          45.2          14.9
12   Minimal risk              210          36.0          25.1
13   Low risk                  256          44.6          15.3
14   Moderate risk             497          36.0          17.8
15   Other                     379          64.5          11.2

16 2 to 30 days                597          30.7          18.4
17   Minimal risk               26           6.3          85.1
18   Low risk                  430          17.9          39.8
19   Moderate risk             920          32.0           6.8
20   Other                     327          55.0           7.2

21 31 to 365 days              868          34.0           3.1
22   Minimal risk            1,097          98.6            .5
23   Low risk                  455          33.5           6.0
24   Moderate risk           1,340          21.2           1.3
25   Other                     440          62.2           3.3

                             Months

26 More than 365 days          42           62.8          1.2
27   Minimal risk               *             *            *
28   Low risk                  33           34.5          4.7
28   Moderate risk             43           66.1          1.2
30   Other                     35           75.0           .8

                            Weighted-
                             average
                            maturity/
                            repricing
                          interval (6)

                              Days

      SIZE OF LOAN
 (thousands of dollars)

31 1-99                        46           79.7          24.8
32 100-999                     49           69.5          15.7
33 1,000-9,999                 88           39.2          13.0
34 10,000 or more              53           30.0           9.9

 BASE RATE OF LOAN (4)

35 Prime (7)                   49           61.5          14.1
36 Fed funds                    4           45.2           5.4
37 Other domestic               7            5.7          37.8
38 Foreign                     47           39.4           4.6
39 Other                      177           29.8           5.6

          Item            Amount of loans (percent)
                                                          Most
                           Subject to                    common
                           prepayment    Made under   base pricing
                             penalty     commitment     rate (4)
     LOAN RISK (5)

 1 All commercial and
       industrial loans       20.6          79.3         Prime
 2   Minimal risk             25.1          61.2        Domestic
 3   Low risk                 37.9          74.7       Fed funds
 4   Moderate risk            18.9          81.8         Prime
 5   Other                     8.7          87.7         Prime

   By maturity/repricing
     interval (6)
 6 Zero interval              16.4          70.0         Prime
 7   Minimal risk              7.2          78.9       Fed funds
 8   Low risk                 27.8          43.6       Fed funds
 9   Moderate risk            14.7          86.5         Prime
10   Other                     7.5          80.2         Prime

11 Daily                      27.9          83.5         Prime
12   Minimal risk              1.1          79.2        Domestic
13   Low risk                 58.5          89.2       Fed funds
14   Moderate risk            23.7          82.6         Prime
15   Other                     4.8          89.0         Prime

16 2 to 30 days                9.9          71.6         Other
17   Minimal risk               *           17.1        Domestic
18   Low risk                 26.5          83.7         Other
19   Moderate risk             7.3          63.7         Prime
20   Other                    10.7          96.4        Foreign

21 31 to 365 days             20.5          88.0        Foreign
22   Minimal risk             92.1          98.2        Foreign
23   Low risk                 11.1          75.5        Foreign
24   Moderate risk            24.8          92.0        Foreign
25   Other                    20.9          97.5        Foreign

26 More than 365 days          6.2          68.0         Other
27   Minimal risk               *             *            *
28   Low risk                  2.9          99.7         Other
28   Moderate risk            10.6          64.6         Other
30   Other                     2.1          72.6         Other

      SIZE OF LOAN
 (thousands of dollars)

31 1-99                        1.7          90.1         Prime
32 100-999                     3.2          93.4         Prime
33 1,000-9,999                19.2          87.6         Prime
34 10,000 or more             28.6          69.1       Fed funds

                                                      Average size
 BASE RATE OF LOAN (4)                                 (thousands
                                                      of dollars)

35 Prime (7)                   3.5          80.9           188
36 Fed funds                  31.1          66.0         9,348
37 Other domestic             45.0          72.9         4,455
38 Foreign                    30.8          90.6         1,049
39 Other                      15.4          81.5           938
D. Commercial and industrial loans made by small domestic banks (1)

                            Weighted-     Amount of     Average
          Item               average        loans      loan size
                            effective     (millions    (thousands
                            loan rate    of dollars)  of dollars)
                          (percent) (2)

     LOAN RISK (5)

 1 All commercial and
       industrial loans       5.77             7,672      105
 2   Minimal risk             4.07               319       89
 3   Low risk                 5.93             1,220      138
 4   Moderate risk            6.01             3,150      114
 5   Other                    5.73             1,924       85

   By maturity/repricing
     interval (6)
 6 Zero interval              5.52             3,182       96
 7   Minimal risk             4.51               110       88
 8   Low risk                 5.50               347       76
 9   Moderate risk            5.52             1,386      121
10   Other                    5.61             1,071       79

11 Daily                      5.61             1,126      187
12   Minimal risk             5.89                 5       26
13   Low risk                 5.39                96      144
14   Moderate risk            5.91               621      319
15   Other                    5.07               324      140

16 2 to 30 days               4.23               715      121
17   Minimal risk             2.61               125      271
18   Low risk                 4.61                71      126
19   Moderate risk            4.54               183       96
20   Other                    5.22               203       80

21 31 to 365 days             5.98             1,430       78
22   Minimal risk             5.56                53       45
23   Low risk                 5.81               278      135
24   Moderate risk            6.75               467       58
25   Other                    5.89               123       58

26 More than 365 days         7.21             1,193      130
27   Minimal risk             5.83                26       53
28   Low risk                 6.70               428      444
28   Moderate risk            7.46               473      122
30   Other                    7.83               200       96

                                                       Weighted-
                                                      average risk
                                                      ratings (5)

      SIZE OF LOAN
 (thousands of dollars)

31 1-99                       6.56             1,373      3.2
32 100-999                    5.94             3,105      3.1
33 1,000-9,999                5.41             2,850      2.9
34 10,000 or more               *                 *        *

 BASE RATE OF LOAN (4)

35 Prime (7)                  5.85             4,849      3.2
36 Fed funds                  4.28               139      3.0
37 Other domestic             5.19                85      3.4
38 Foreign                    3.41               577      2.5
39 Other                      6.35             2,023      2.8

                            Weighted-
                             average     Amount of loans (percent)
          Item              maturity
                               (3)       Secured by     Collable
                                         collateral
                              Days

     LOAN RISK (5)

 1 All commercial and
       industrial loans       1,003         77.9          22.6
 2   Minimal risk               572         42.8          19.7
 3   Low risk                   948         81.3          18.6
 4   Moderate risk            1,486         87.9          20.5
 5   Other                      700         72.7          25.4

   By maturity/repricing
     interval (6)
 6 Zero interval                762         76.1          29.1
 7   Minimal risk               950         48.6          36.5
 8   Low risk                   527         78.9          22.3
 9   Moderate risk            1,200         89.1          27.0
10   Other                      388         67.7          35.7

11 Daily                        454         92.2          12.4
12   Minimal risk               160        100.0          34.7
13   Low risk                 1,098         87.4          35.2
14   Moderate risk              385         91.7          11.6
15   Other                      352         95.2           9.7

16 2 to 30 days                 482         54.3          18.0
17   Minimal risk                81         13.1            .9
18   Low risk                   828         60.5          44.0
19   Moderate risk              430         70.3          18.4
20   Other                      835         76.0          12.9

21 31 to 365 days               464         72.2          26.8
22   Minimal risk               674         67.1          34.5
23   Low risk                   389         71.0          12.7
24   Moderate risk              835         77.7          25.2
25   Other                      282         51.3          12.6

                             Months

26 More than 365 days           99          89.7          11.2
27   Minimal risk               54         100.0           5.3
28   Low risk                   52          91.9          11.5
28   Moderate risk             151          96.0           5.9
30   Other                      94          72.2          17.3

                            Weighted-
                             average
                            maturity/
                            repricing
                          interval (6)

                              Days

      SIZE OF LOAN
 (thousands of dollars)

31 1-99                        249          82.8          28.3
32 100-999                     313          77.6          25.4
33 1,000-9,999                 327          77.1          17.9
34 10,000 or more               *             *            *

 BASE RATE OF LOAN (4)

35 Prime (7)                   238          82.3          27.8
36 Fed funds                   475          75.8          39.1
37 Other domestic              254          45.3          16.9
38 Foreign                      75          27.0          12.3
39 Other                       478          83.4          12.1

                             Amount of loans (percent)
          Item                                            Most
                           Subject to                    common
                           prepayment    Made under   base pricing
                             penalty     commitment     rate (4)

     LOAN RISK (5)

 1 All commercial and
       industrial loans        6.2          83.3         Prime
 2   Minimal risk              7.2          75.7         Other
 3   Low risk                  2.1          78.4         Prime
 4   Moderate risk            10.4          86.2         Prime
 5   Other                     3.2          85.9         Prime

   By maturity/repricing
     interval (6)
 6 Zero interval               5.0          85.7         Prime
 7   Minimal risk             18.8          67.7         Prime
 8   Low risk                  2.7          77.3         Prime
 9   Moderate risk             5.2          88.3         Prime
10   Other                     5.3          87.1         Prime

11 Daily                        .0          92.4         Prime
12   Minimal risk              1.6          89.0         Prime
13   Low risk                   *           76.8         Prime
14   Moderate risk              *           97.6         Other
15   Other                      *           89.6         Prime

16 2 to 30 days                 .1          89.8         Prime
17   Minimal risk               *           98.2         Other
18   Low risk                  0.4          63.1         Prime
19   Moderate risk             0.0          87.2         Prime
20   Other                     0.3          99.4         Prime

21 31 to 365 days              3.7          76.0         Other
22   Minimal risk               .4          66.5         Other
23   Low risk                   .9          67.5         Other
24   Moderate risk             2.8          82.8         Other
25   Other                     1.6          89.1         Other

26 More than 365 days         21.8          72.9         Prime
27   Minimal risk              6.8          17.6         Prime
28   Low risk                  3.2          89.1         Prime
28   Moderate risk            51.1          68.0         Prime
30   Other                      .7          57.5         Other

      SIZE OF LOAN
 (thousands of dollars)

31 1-99                        4.4          76.6         Prime
32 100-999                     3.9          79.5         Prime
33 1,000-9,999                10.2          88.6         Prime
34 10,000 or more               *             *            *

                                                      Average size
 BASE RATE OF LOAN (4)                                 (thousands
                                                      of dollars)

35 Prime (7)                   8.0          87.3          102
36 Fed funds                    *           61.5          416
37 Other domestic               .3          83.7           79
38 Foreign                     1.2          89.1          582
39 Other                       3.9          73.4           87
E. Commercial and industrial loans made by U.S. branches and
agencies of foreign banks (1)

                            Weighted-     Amount of      Average
          Item               average        loans       loan size
                            effective     (millions     (thousands
                            loan rate    of dollars)   of dollars)
                          (percent) (2)

     LOAN RISK (5)

 1 All commercial and
       industrial loans       2.96         31,003           4,948
 2   Minimal risk             2.23          1,013          12,596
 3   Low risk                 2.80          5,007           6,344
 4   Moderate risk            2.89          7,740           4,245
 5   Other                    3.15         13,168           4,412

   By maturity/repricing
     interval (6)
 6 Zero interval              4.02          2,088           1,760
 7   Minimal risk               *              *               *
 8   Low risk                 4.27          1,136           6,457
 9   Moderate risk            4.39            168             424
10   Other                    5.49            195             370

11 Daily                      2.65         15,361          10,174
12   Minimal risk               *              *               *
13   Low risk                 2.25          1,878           8,620
14   Moderate risk            2.48          1,714           4,989
15   Other                    2.79          8,149          12,311

16 2 to 30 days               3.34          5,010           3,696
17   Minimal risk               *              *               *
18   Low risk                 2.23            568           5,648
19   Moderate risk            3.46          1,941           4,993
20   Other                    3.70          1,863           2,800

21 31 to 365 days             3.00          8,467           3,869
22   Minimal risk               *              *               *
23   Low risk                 2.59          1,425           5,003
24   Moderate risk            2.72          3,917           5,646
25   Other                    3.60          2,890           2,581

26 More than 365 days           *              *               *
27   Minimal risk               *              *               *
28   Low risk                   *              *               *
28   Moderate risk              *              *               *
30   Other                      *              *               *

                                                        Weighted-
                                                      average risk
                                                       ratings (5)

      SIZE OF LOAN
 (thousands of dollars)

31 1-99                       4.62             37             3.8
32 100-999                    4.00            939             3.6
33 1,000-9,999                3.12          8,976             3.4
34 10,000 or more             2.84         21,050             3.4

 BASE RATE OF LOAN (4)

35 Prime (7)                  5.32          1,474             3.2
36 Fed funds                  2.59         10,210             3.6
37 Other domestic             2.80          3,411             2.1
38 Foreign                    2.98         13,730             3.2
39 Other                      3.14          2,178             4.6

                            Weighted-
                             average     Amount of loans (percent)
          Item              maturity
                               (3)       Secured by      Callable
                                         collateral
                              Days

     LOAN RISK (5)

 1 All commercial and
       industrial loans         62          13.4           3.0
 2   Minimal risk                7           8.8            *
 3   Low risk                  192           9.1           2.6
 4   Moderate risk              54          10.5           7.1
 5   Other                      35          16.2           1.9

   By maturity/repricing
     interval (6)
 6 Zero interval               557          55.6           7.2
 7   Minimal risk               *             *             *
 8   Low risk                  741          38.6          11.6
 9   Moderate risk             840          31.0           3.7
10   Other                     960          42.1           6.4

11 Daily                         2           8.6            *
12   Minimal risk               *             *             *
13   Low risk                    3            *             *
14   Moderate risk               5            *             *
15   Other                       2          14.9            *

16 2 to 30 days                 21          13.8          14.3
17   Minimal risk               *             *             *
18   Low risk                   14            *             *
19   Moderate risk              20          11.4          28.0
20   Other                      27          23.3           8.8

21 31 to 365 days               77          10.6            .0
22   Minimal risk               *             *             *
23   Low risk                   78           1.3            *
24   Moderate risk              67          13.7            *
25   Other                      91          11.6            .0

                             Months

26 More than 365 days           *             *             *
27   Minimal risk               *             *             *
28   Low risk                   *             *             *
28   Moderate risk              *             *             *
30   Other                      *             *             *

                            Weighted-
                             average
                            maturity/
                            repricing
                          interval (6)

                              Days

      SIZE OF LOAN
 (thousands of dollars)

31 1-99                        41           32.0          10.6
32 100-999                     26           24.8           6.0
33 1,000-9,999                 18           12.8           3.3
34 10,000 or more              15           13.1           2.8

 BASE RATE OF LOAN (4)

35 Prime (7)                    7           40.9          54.8
36 Fed funds                    6            4.0            *
37 Other domestic               7            1.8            .0
38 Foreign                     29           10.8           1.0
39 Other                        5           72.9            *

                          Amount of loans (percent)
          Item                                             Most
                           Subject to                     common
                           prepayment    Made under    base pricing
                             penalty     commitment      rate (4)

     LOAN RISK (5)

 1 All commercial and
       industrial loans       62.0          73.2         Foreign
 2   Minimal risk             86.2         100.0         Foreign
 3   Low risk                 41.4          95.6        Fed funds
 4   Moderate risk            74.8          94.3         Foreign
 5   Other                    53.7          67.6        Fed funds

   By maturity/repricing
     interval (6)
 6 Zero interval               3.6          98.8         Foreign
 7   Minimal risk               *             *             *
 8   Low risk                   .2          99.9         Foreign
 9   Moderate risk            24.4          96.3          Prime
10   Other                    15.8          90.4          Prime

11 Daily                      60.7          57.6        Fed funds
12   Minimal risk               *             *             *
13   Low risk                 53.2          89.1        Fed funds
14   Moderate risk            67.5          89.3        Fed funds
15   Other                    43.6          59.3        Fed funds

16 2 to 30 days               59.3          82.1         Foreign
17   Minimal risk               *             *             *
18   Low risk                 26.7          98.2        Fed funds
19   Moderate risk            55.6          94.3         Foreign
20   Other                    69.1          79.1         Foreign

21 31 to 365 days             80.8          89.7         Foreign
22   Minimal risk               *             *             *
23   Low risk                 64.4          99.8         Foreign
24   Moderate risk            89.7          96.4         Foreign
25   Other                    76.3          81.1         Foreign

26 More than 365 days           *             *             *
27   Minimal risk               *             *             *
28   Low risk                   *             *             *
28   Moderate risk              *             *             *
30   Other                      *             *             *

      SIZE OF LOAN
 (thousands of dollars)

31 1-99                       17.9          83.9          Prime
32 100-999                    46.1          89.3         Foreign
33 1,000-9,999                61.5          69.2        Fed funds
34 10,000 or more             63.0          74.2         Foreign

                                                       Average size
 BASE RATE OF LOAN (4)                                  (thousands
                                                        of dollars)

35 Prime (7)                   4.6          98.1          1,056
36 Fed funds                  39.0          75.3          5,631
37 Other domestic             99.9           3.2          7,068
38 Foreign                    85.1          94.4          6,083
39 Other                       3.6          22.5          6,876

NOTE. The Survey of Terms of Business Lending collects data on gross
loan extensions made during the first full business week in the
mid-month of each quarter. The authorized panel size for the survey
is 348 domestically chartered commercial banks and 50 U.S. branches
and agencies of foreign banks. The sample data are used to estimate
the terms of loans extended during that week at all domestic
commercial banks and all U.S. branches and agencies of foreign banks.
Note that the terms on loans extended during the survey week may
differ from those extended during other weeks of the quarter. The
estimates reported here are not intended to measure the average
terms on all business loans in bank portfolios.

(1.) As of March 31, 2001, assets of the large banks were at least
$4 billion. Median total assets for all insured banks were roughly
$80 million. Assets at all U.S. branches and agencies averaged
$2.7 billion.

(2.) Effective (compounded) annual interest rates are calculated
from the stated rate and other terms of the loans and weighted by
loan amount. The standard error of the loan rate for all commercial
and industrial loans in the current survey (line 1, column 1) is
0.10 percentage point. The chances are about two out of three that
the average rate shown would differ by less than this amount from
the average rate that would be found by a complete survey of the
universe of all banks.

(3.) Average maturities are weighted by loan amount and exclude
loans with no stated maturities.

(4.) The most common base pricing rate is that used to price the
largest dollar volume of loans. Base pricing rates include the
prime rate (sometimes referred to as a bank's "base" or "reference"
rate); the federal funds rate; domestic money market rates other
than the prime rate and the federal funds rate; foreign money
market rates; and other base rates not included in the foregoing
classifications.

(5.) A complete description of these risk categories is available
from the Banking Analysis Section, Mail Stop 81, Board of
Governors of the Federal Reserve System, Washington, DC 20551. The
category "Moderate risk" includes the average loan, under average
economic conditions, at the typical lender. The category "Other"
includes loans rated "acceptable" as well as special mention or
classified loans. The weighted-average risk rating published for
loans in rows 31-39 are calculated by assigning a value of "1" to
minimal risk loans; "2" to low risk loans; "3" to moderate risk
loans, "4" to acceptable risk loans; and "5" to special mention
and classified loans. These values are weighted by loan amount and
exclude loans with no risk rating. Some of the loans in lines
1, 6, 11, 16, 21, 26, and 31-39 are not rated for risk.

(6.) The maturity/repricing interval measures the period from the
date the loan is made until it first may reprice or it matures.
For floating-rate loans that are subject to repricing at any
time--such as many prime-based loans--the maturity/repricing
interval is zero. For floating-rate loans that have a scheduled
repricing interval, the maturity/repricing interval measures
the number of days between the date the loan is made and the date
on which it is next scheduled to reprice. For loans having rates
that remain fixed until the loan matures (fixed-rate loans), the
maturity/repricing interval measures the number of days between the
date the loan is made and the date on which it matures. Loans that
reprice daily mature or reprice on the business day after they
are made. Owing to weekends and holidays, such loans may have
maturity/repricing intervals in excess of one day; such loans are
not included in the "2 to 30 day" category.

(7.) For the current survey, the average reported prime rate,
weighted by the amount of loans priced relative to a prime base
rate, was 4.84 percent for all banks, 4.75 percent for large
domestic banks, 5.09 percent for small domestic banks, and 4.75
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, 2002 (1)

Millions of dollars except as noted

                                                      All states (2)

                      Item                           Total      IBFs
                                                   including  only (3)
                                                   IBFs (3)

  1 Total assets (4)                               1,033,407   140,724

  2 Claims on nonrelated parties                     744,755    62,559
  3 Cash and balances due from depository
      institutions                                    72,177    26,787
  4   Cash items in process of collection
        and unposted debits                            2,488         0
  5   Currency and coin (U.S. and foreign)                12     n.a.
  6   Balances with depository institutions
        in United States                              49,999    13,744
  7     U.S. branches and agencies of other
             foreign banks (including their IBFs)     44,946    12,949
  8     Other depository institutions in United
             States (including their IBFs)             5,053       795
  9   Balances with banks in foreign countries
          and with foreign central banks              19,239    13,043
 10     Foreign branches of U.S. banks                   275       202
 11     Banks in home country and home-country
          central banks                                7,364     3,904
 12     All other banks in foreign countries and
          foreign central banks                       11,600     8,936
 13   Balances with Federal Reserve Banks                439     n.a.

 14 Total securities and loans                       449,537    29,317

 15 Total securities, book value                     120,512     4,400
 16   U.S. Treasury                                   14,295     n.a.
 17   Obligations of U.S. government agencies
        and corporations                              25,507     n.a.
 18   Other bonds, notes, debentures, and
          corporate stock (including state and
          local securities)                           80,710     4,400
 19     Securities of foreign governmental units      10,485     2,680
 20     Mortgage-backed securities                    21,794         0
 21     Other asset-backed securities                 15,740        18
 22     All other                                     32,691     1,701

 23 Federal funds sold and securities purchased
        under agreements to resell                    87,559     4,987
 24 Depository institutions in the United States      21,749     3,552
 25 Other                                             65,810     1,434

 26 Total loans, gross                               329,378    24,939
 27   Less: Unearned income on loans                     353        22
 28   EQUALS: Loans, net                             329,025    24,917

    Total loans, gross, by category
 29 Real estate loans                                 18,403        59
 30 Loans to depository institutions and
      acceptances of other banks                      76,624    11,543
 31   Commercial banks in United States
          (including their IBFs)                       4,661     1,824
 32     U.S. branches and agencies of other
          foreign banks                                3,698     1,820
 33     Other commercial banks in United States          962         4
 34   Other depository institutions in United
        States (including their IBFs)                     14         0
 35   Banks in foreign countries                      15,012     9,006
 36     Foreign branches of U.S. banks                   348       207
 37     Other banks in foreign countries              14,664     8,799
 38 Loans to other financial institutions             56,938       713

 39 Commercial and industrial loans                  209,614    11,452
 40   U.S. addressees (domicile)                     170,932        24
 41   Non-U.S. addressees (domicile)                  38,683    11,428
 42 Loans to foreign governments and official
        institutions (including foreign
        central banks)                                 3,888     1,798
 43 Loans for purchasing or carrying securities
        (secured and unsecured)                       13,482         0
 44 All other loans                                    6,815        87

 45 Lease financing receivables (net of
        unearned income)                                 550         0
 46   U.S. addressees (domicile)                         496         0
 47   Non-U.S. addressees (domicile)                      54         0

 48 Trading assets                                   105,426       808

 49 All other assets                                  30,056       660
 50   Customers' liabilities on acceptances
          outstanding                                    903     n.a.
 51     U.S. addressees (domicile)                       379     n.a.
 52     Non-U.S. addressees (domicile)                   524     n.a.
 53   Other assets including other claims on
          nonrelated parties                          29,152       660
 54 Net due from related depository
        institutions (5)                             288,652    78,166
 55   Net due from head office and other related
           depository institutions (5)               288,652     n.a.
 56   Net due from establishing entity, head
           office, and other related
           depository institutions (5)                 n.a.     78,166

 57 Total liabilities (4)                          1,033,407   140,724

 58 Liabilities to nonrelated parties                872,962   124,729
 59 Total deposits and credit balances               500,420    92,124
 60 Individuals, partnerships, and corporations
      (including certified and official checks)      396,282     9,182
 61     U.S. addressees (domicile)                   379,447       262
 62     Non-U.S. addressees (domicile)                16,835     8,920
 63 Commercial banks in United States (including
      their IBFs)                                     67,834    12,951
 64     U.S. branches and agencies of other
          foreign banks                               19,057    11,959
 65     Other commercial banks in United States       48,777       992
 66 Banks in foreign countries                         9,930    43,375
 67     Foreign branches of U.S. banks                 1,354     2,680
 68     Other banks in foreign countries               8,576    40,695
 69 Foreign governments and official institutions
      (including foreign central banks)                7,077    26,616
 70 All other deposits and credit balances            19,296         0

 71 Transaction accounts and credit balances
      (excluding IBFs)                                 8,842     n.a.
 72 Individuals, partnerships, and corporations
      (including certified and official checks)        7,421     n.a.
 73    U.S. addressees (domicile)                      5,001     n.a.
 74    Non-U.S. addressees (domicile)                  2,420     n.a.
 75 Commercial banks in United States (including
      their IBFs)                                        168     n.a.
 76     U.S. branches and agencies of other
          foreign banks                                    4     n.a.
 77     Other commercial banks in United States          164     n,a.
 78 Banks in foreign countries                           891     n.a.
 79     Foreign branches of U.S. banks                    25     n.a.
 80    Other banks in foreign countries                  866     n.a.
 81 Foreign governments and official institutions
      (including foreign central banks)                  242     n.a.
 82 All other deposits and credit balances               119     n.a.

 83 Nontransaction accounts (including MMDAs,
      excluding IBFs)                                491,578     n.a.
 84 Individuals, partnerships, and corporations
      (including certified and official checks)      388,861     n.a.
 85     U.S. addressees (domicile)                   374,446     n.a.
 86     Non-U.S. addressees (domicile)                14,415     n.a.
 87 Commercial banks in United States (including
      their IBFs)                                     67,666     n.a.
 88     U.S. branches and agencies of other
          foreign banks                               19,053     n.a.
 89     Other commercial banks in United States       48,613     n.a.
 90 Banks in foreign countries                         9,039     n.a.
 91     Foreign branches of U.S. banks                 1,329     n.a.
 92     Other banks in foreign countries               7,711     n.a.
 93 Foreign governments and official institutions
      (including foreign central banes)                6,835     n.a.
 94 All other deposits and credit balances            19,177     n.a.

 95 IBF deposit liabilities                            n.a.     92,124
 96 Individuals, partnerships, and corporations
        (including certified and official checks)      n.a.      9,182
 97     U.S. addressees (domicile)                     n.a.        262
 98     Non-U.S. addressees (domicile)                 n.a.      8,920
 99 Commercial banks in United States (including
      their IBFs)                                      n.a.     12,951
100     U.S. branches and agencies of other
          foreign banks                                n.a.     11,959
101     Other commercial banks in United States        n.a.        992
102 Banks in foreign countries                         n.a.     43,375
103     Foreign branches of U.S. banks                 n.a.      2,680
104     Other banks in foreign countries               n.a.     40,695
105 Foreign governments and official institutions
     (including foreign central banks)                 n.a.     26,616
106 All other deposits and credit balances             n.a.          0
107 Federal funds purchased and securities sold
        under agreements to repurchase               132,805    15,406
108   Depository institutions in the United
        States                                        24,256     3,002
109   Other                                          108,548    12,404
110 Other borrowed money                              77,942    16,098
111 Owed to nonrelated commercial banks in United
        States (including their IBFs)                 11,751     3,228
112   Owed to U.S. offices of nonrelated U.S.
        banks                                          6,149       666
113   Owed to U.S. branches and agencies of
         nonrelated foreign banks                      5,602     2,562
114 Owed to nonrelated banks in foreign countries     12,778    10,105
115   Owed to foreign branches of nonrelated
        U.S. banks                                     1,036       858
116   Owed to foreign offices of nonrelated
        foreign banks                                 11,742     9,247
117 Owed to others                                    53,413     2,765

118 All other liabilities                             69,671     1,102
119   Branch or agency liability on acceptances
          executed and outstanding                       906     n.a.
120 Trading liabilities                               44,034        76
121 Other liabilities to nonrelated parties           24,730     1,026

122 Net due to related depository institutions (5)   160,445    15,995
123   Net due to head office and other related
          depository institutions (5)                160,445     n.a.
124   Net due to establishing entity, head
          office, and other related
          depository institutions (5)                  n.a.     15,995

    MEMO
125 Holdings of own acceptances included in
        commercial and industrial loans                  758     n.a.
126 Commercial and industrial loans with
        remaining maturity of one year or less
        (excluding those in nonaccrual status)       102,238     n.a.
127   Predetermined interest rates                    41,346     n.a.
128   Floating interest rates                         60,892     n.a.
129 Commercial and industrial loans with
       remaining maturity of more than one year
       (excluding those in nonaccrual status)        100,227     n.a.
130 Predetermined interest rates                      19,421     n.a.
131 Floating interest rates                           80,806     n.a.
132 Components of total nontransaction accounts,
      included in total deposits and credit
      balances                                       503,354     n.a.
133 Time deposits of $ 100,000 or more               485,471     n.a.
134 Time CDs in denominations of $100,000 or more
      with remaining maturity of more than
      12 months                                       17,883     n.a.

135 Immediately available funds with a maturity
      greater than one day
      included in other borrowed money                31,582     n.a.
136 Number of reports filed (6)                          308      0

                                                   New York

                      Item                           Total     IBFs
                                                   including   only
                                                     IBFs

  1 Total assets (4)                                 854,345  112,140

  2 Claims on nonrelated parties                     629,813   53,686
  3 Cash and balances due from depository
      institutions                                    62,242   24,277
  4   Cash items in process of collection
        and unposted debits                            2,152        0
  5   Currency and coin (U.S. and foreign)                 9    n.a.
  6   Balances with depository institutions
        in United States                              44,268   12,450
  7     U.S. branches and agencies of other
             foreign banks (including their IBFs)     39,827   11,719
  8     Other depository institutions in United
             States (including their IBFs)             4,441      731
  9   Balances with banks in foreign countries
          and with foreign central banks              15,495   11,827
 10     Foreign branches of U.S. banks                   254      182
 11     Banks in home country and home-country
          central banks                                4,902    3,904
 12     All other banks in foreign countries and
          foreign central banks                       10,339    7,740
 13   Balances with Federal Reserve Banks                318    n.a.

 14 Total securities and loans                       366,155   23,073

 15 Total securities, book value                     104,047    3,960
 16   U.S. Treasury                                   13,058    n.a.
 17   Obligations of U.S. government agencies
        and corporations                              22,717    n.a.
 18   Other bonds, notes, debentures, and
          corporate stock (including state and
          local securities)                           68,273    3,960
 19     Securities of foreign governmental units      10,222    2,571
 20     Mortgage-backed securities                    18,430        0
 21     Other asset-backed securities                 10,293       18
 22     All other                                     29,327    1,372

 23 Federal funds sold and securities purchased
        under agreements to resell                    84,848    4,944
 24 Depository institutions in the United States      20,066    3,509
 25 Other                                             64,782    1,434

 26 Total loans, gross                               262,389   19,130
 27   Less: Unearned income on loans                     281       17
 28   EQUALS: Loans, net                             262,108   19,113

    Total loans, gross, by category
 29 Real estate loans                                 14,576       59
 30 Loans to depository institutions and
      acceptances of other banks                      61,647    7,711
 31   Commercial banks in United States
          (including their IBFs)                       3,479    1,294
 32     U.S. branches and agencies of other
          foreign banks                                2,545    1,290
 33     Other commercial banks in United States          934        4
 34   Other depository institutions in United
        States (including their IBFs)                      0        0
 35   Banks in foreign countries                       9,974    5,791
 36     Foreign branches of U.S. banks                   303      163
 37     Other banks in foreign countries               9,671    5,628
 38 Loans to other financial institutions             48,194      626

 39 Commercial and industrial loans                  164,193    9,737
 40   U.S. addressees (domicile)                     133,688       23
 41   Non-U.S. addressees (domicile)                  30,505    9,714
 42 Loans to foreign governments and official
        institutions (including foreign
        central banks)                                 2,898    1,558
 43 Loans for purchasing or carrying securities
        (secured and unsecured)                       12,981        0
 44 All other loans                                    5,890       65

 45 Lease financing receivables (net of
        unearned income)                                 205        0
 46   U.S. addressees (domicile)                         205        0
 47   Non-U.S. addressees (domicile)                       0        0

 48 Trading assets                                    92,011      808

 49 All other assets                                  24,557      584
 50   Customers' liabilities on acceptances
          outstanding                                    564    n.a.
 51     U.S. addressees (domicile)                       281    n.a.
 52     Non-U.S. addressees (domicile)                   283    n.a.
 53   Other assets including other claims on
          nonrelated parties                          23,993      584
 54 Net due from related depository
        institutions (5)                             224,532   58,454
 55   Net due from head office and other related
           depository institutions (5)               224,532    n.a.
 56   Net due from establishing entity, head
           office, and other related
           depository institutions (5)                 n.a.    58,454

 57 Total liabilities (4)                            854,345  112,140

 58 Liabilities to nonrelated parties                724,623   97,920
 59 Total deposits and credit balances               406,113   74,030
 60 Individuals, partnerships, and corporations
      (including certified and official checks)      311,019    4,350
 61     U.S. addressees (domicile)                   300,097      201
 62     Non-U.S. addressees (domicile)                10,922    4,149
 63 Commercial banks in United States (including
      their IBFs)                                     60,598   12,232
 64     U.S. branches and agencies of other
          foreign banks                               17,510   11,595
 65     Other commercial banks in United States       43,088      637
 66 Banks in foreign countries                         9,370   36,584
 67     Foreign branches of U.S. banks                 1,354    1,994
 68     Other banks in foreign countries               8,016   34,590
 69 Foreign governments and official institutions
      (including foreign central banks)                6,748   20,864
 70 All other deposits and credit balances            18,378        0

 71 Transaction accounts and credit balances
      (excluding IBFs)                                 6,673    n.a.
 72 Individuals, partnerships, and corporations
      (including certified and official checks)        5,449    n.a.
 73    U.S. addressees (domicile)                      4,103    n.a.
 74    Non-U.S. addressees (domicile)                  1,346    n.a.
 75 Commercial banks in United States (including
      their IBFs)                                        165    n.a.
 76     U.S. branches and agencies of other
          foreign banks                                    4    n.a.
 77     Other commercial banks in United States          162    n.a.
 78 Banks in foreign countries                           745    n.a.
 79     Foreign branches of U.S. banks                    25    n.a.
 80    Other banks in foreign countries                  720    n.a.
 81 Foreign governments and official institutions
      (including foreign central banks)                  208    n.a.
 82 All other deposits and credit balances               106    n.a.

 83 Nontransaction accounts (including MMDAs,
      excluding IBFs)                                399,440    n.a.
 84 Individuals, partnerships, and corporations
      (including certified and official checks)      305,570    n.a.
 85     U.S. addressees (domicile)                   295,994    n.a.
 86     Non-U.S. addressees (domicile)                 9,576    n.a.
 87 Commercial banks in United States (including
      their IBFs)                                     60,433    n.a.
 88     U.S. branches and agencies of other
          foreign banks                               17,507    n.a.
 89     Other commercial banks in United States       42,926    n.a.
 90 Banks in foreign countries                         8,625    n.a.
 91     Foreign branches of U.S. banks                 1,329    n.a.
 92     Other banks in foreign countries               7,296    n.a.
 93 Foreign governments and official institutions
      (including foreign central banes)                6,540    n.a.
 94 All other deposits and credit balances            18,272    n.a.

 95 IBF deposit liabilities                            n.a.    74,030
 96 Individuals, partnerships, and corporations
        (including certified and official checks)      n.a.     4,350
 97     U.S. addressees (domicile)                     n.a.       201
 98     Non-U.S. addressees (domicile)                 n.a.     4,149
 99 Commercial banks in United States (including
      their IBFs)                                      n.a.    12,232
100     U.S. branches and agencies of other
          foreign banks                                n.a.    11,595
101     Other commercial banks in United States        n.a.       637
102 Banks in foreign countries                         n.a.    36,584
103     Foreign branches of U.S. banks                 n.a.     1,994
104     Other banks in foreign countries               n.a.    34,590
105 Foreign governments and official institutions
     (including foreign central banks)                 n.a.    20,864
106 All other deposits and credit balances             n.a.         0
107 Federal funds purchased and securities sold
        under agreements to repurchase               118,108   10,482
108   Depository institutions in the United
        States                                        19,649    2,781
109   Other                                           98,459    7,702
110 Other borrowed money                              66,341   12,371
111 Owed to nonrelated commercial hanks in United
        States (including their IBFs)                 10,413    2,760
112   Owed to U.S. offices of nonrelated U.S.
        banks                                          5,744      597
113   Owed to U.S. branches and agencies of
         nonrelated foreign banks                      4,669    2,163
114 Owed to nonrelated banks in foreign countries     10,147    7,596
115   Owed to foreign branches of nonrelated
        U.S. banks                                       875      739
116   Owed to foreign offices of nonrelated
        foreign banks                                  9,272    6,857
117 Owed to others                                    45,781    2,016

118 All other liabilities                             60,031    1,037
119   Branch or agency liability on acceptances
          executed and outstanding                       548    n.a.
120 Trading liabilities                               38,281       75
121 Other liabilities to nonrelated parties           21,202      963

122 Net due to related depository institutions       129,722   14,220
123   Net due to head office and other related
          depository institutions (5)                129,722    n.a.
124   Net due to establishing entity, head
          office, and other related
          depository institutions (6)                  n.a.    14,220

    MEMO
125 Holdings of own acceptances included in
        commercial and industrial loans                  521    n.a.
126 Commercial and industrial loans with
        remaining maturity of one year or less
        (excluding those in nonaccrual status)        72,531    n.a.
127   Predetermined interest rates                    22,726    n.a.
128   Floating interest rates                         49,805    n.a.
129 Commercial and industrial loans with
       remaining maturity of more than one year
       (excluding those in nonaccrual status)         86,122    n.a.
130 Predetermined interest rates                      17,044    n.a.
131 Floating interest rates                           69,078    n.a.
132 Components of total nontransaction accounts,
      included in total deposits and credit
      balances                                       408,877    n.a.
133 Time deposits of $ 100,000 or more               394,591    n.a.
134 Time CDs in denominations of $100,000 or more
      with remaining maturity of more than
      12 months                                       14,286    n.a.

135 Immediately available funds with a maturity
      greater than one day
      included in other borrowed money                28,669    n.a.
136 Number of reports filed (6)                          160     0

                                                       California

                      Item                           Total     IBFs
                                                   including   only
                                                     IBFs

  1 Total assets (4)                                  19,524    5,358

  2 Claims on nonrelated parties                      18,498    1,769
  3 Cash and balances due from depository
      institutions                                     1,155      646
  4   Cash items in process of collection
        and unposted debits                                7        0
  5   Currency and coin (U.S. and foreign)                 1    n.a.
  6   Balances with depository institutions
        in United States                                 881      412
  7     U.S. branches and agencies of other
             foreign banks (including their IBFs)        658      361
  8     Other depository institutions in United
             States (including their IBFs)               223       51
  9   Balances with banks in foreign countries
          and with foreign central banks                 236      234
 10     Foreign branches of U.S. banks                    20       20
 11     Banks in home country and home-country
          central banks                                    0        0
 12     All other banks in foreign countries and
          foreign central banks                          216      214
 13   Balances with Federal Reserve Banks                 30    n.a.

 14 Total securities and loans                        16,920    1,097

 15 Total securities, book value                       1,391      399
 16   U.S. Treasury                                       66    n.a.
 17   Obligations of U.S. government agencies
        and corporations                                  33    n.a.
 18   Other bonds, notes, debentures, and
          corporate stock (including state and
          local securities)                            1,292      399
 19     Securities of foreign governmental units         200       86
 20     Mortgage-backed securities                       178        0
 21     Other asset-backed securities                      6        0
 22     All other                                        908      313

 23 Federal funds sold and securities purchased
        under agreements to resell                       106       17
 24 Depository institutions in the United States         106       17
 25 Other                                                  0        0

 26 Total loans, gross                                15,562      699
 27   Less: Unearned income on loans                      32       1
 28   EQUALS: Loans, net                              15,529      698

    Total loans, gross, by category
 29 Real estate loans                                  2,672        0
 30 Loans to depository institutions and
      acceptances of other banks                       2,389      530
 31   Commercial banks in United States
          (including their IBFs)                         752      305
 32     U.S. branches and agencies of other
          foreign banks                                  746      305
 33     Other commercial banks in United States            5        0
 34   Other depository institutions in United
        States (including their IBFs)                      0        0
 35   Banks in foreign countries                         281      225
 36     Foreign branches of U.S. banks                     1        0
 37     Other banks in foreign countries                 280      225
 38 Loans to other financial institutions              1,356        0

 39 Commercial and industrial loans                    9,844      147
 40   U.S. addressees (domicile)                       9,251        0
 41   Non-U.S. addressees (domicile)                     594      147
 42 Loans to foreign governments and official
        institutions (including foreign
        central banks)                                   341       22
 43 Loans for purchasing or carrying securities
        (secured and unsecured)                            0        0
 44 All other loans                                      315        0

 45 Lease financing receivables (net of
        unearned income)                                   0        0
 46   U.S. addressees (domicile)                           0        0
 47   Non-U.S. addressees (domicile)                       0        0

 48 Trading assets                                        80        0

 49 All other assets                                     237        9
 50   Customers' liabilities on acceptances
          outstanding                                     89    n.a.
 51     U.S. addressees (domicile)                        83    n.a.
 52     Non-U.S. addressees (domicile)                     6    n.a.
 53   Other assets including other claims on
          nonrelated parties                             148
 54 Net due from related depository
        institutions (5)                               1,026    3,589
 55   Net due from head office and other related
           depository institutions (5)                 1,026    n.a.
 56   Net due from establishing entity, head
           office, and other related
           depository institutions                     n.a.     3,589

 57 Total liabilities (4)                             19,524    5,358

 58 Liabilities to nonrelated parties                  9,918    5,252
 59 Total deposits and credit balances                 3,437    1,568
 60 Individuals, partnerships, and corporations
      (including certified and official checks)        2,971      124
 61     U.S. addressees (domicile)                     1,313        0
 62     Non-U.S. addressees (domicile)                 1,658      124
 63 Commercial banks in United States (including
      their IBFs)                                        446       25
 64     U.S. branches and agencies of other
          foreign banks                                    0       25
 65     Other commercial banks in United States          446        0
 66 Banks in foreign countries                            12      647
 67     Foreign branches of U.S. banks                     0       20
 68     Other banks in foreign countries                  12      627
 69 Foreign governments and official institutions
      (including foreign central banks)                    8      773
 70 All other deposits and credit balances                 0        0

 71 Transaction accounts and credit balances
      (excluding IBFs)                                   311    n.a.
 72 Individuals, partnerships, and corporations
      (including certified and official checks)          297    n.a.
 73    U.S. addressees (domicile)                        134    n.a.
 74    Non-U.S. addressees (domicile)                    163    n.a.
 75 Commercial banks in United States (including
      their IBFs)                                          0    n.a.
 76     U.S. branches and agencies of other
          foreign banks                                    0    n.a.
 77     Other commercial banks in United States            0    n.a.
 78 Banks in foreign countries                            12    n.a.
 79     Foreign branches of U.S. banks                     0    n.a.
 80    Other banks in foreign countries                   12    n.a.
 81 Foreign governments and official institutions
      (including foreign central banks)                    2    n.a.
 82 All other deposits and credit balances                 0    n.a.

 83 Nontransaction accounts (including MMDAs,
      excluding IBFs)                                  3,127    n.a.
 84 Individuals, partnerships, and corporations
      (including certified and official checks)        2,674    n.a.
 85     U.S. addressees (domicile)                     1,179    n.a.
 86     Non-U.S. addressees (domicile)                 1,496    n.a.
 87 Commercial banks in United States (including
      their IBFs)                                        446    n.a.
 88     U.S. branches and agencies of other
          foreign banks                                    0    n.a.
 89     Other commercial banks in United States          446    n.a.
 90 Banks in foreign countries                             0    n.a.
 91     Foreign branches of U.S. banks                     0    n.a.
 92     Other banks in foreign countries                   0    n.a.
 93 Foreign governments and official institutions
      (including foreign central banes)                    6    n.a.
 94 All other deposits and credit balances                 0    n.a.

 95 IBF deposit liabilities                            n.a.     1,568
 96 Individuals, partnerships, and corporations
        (including certified and official checks)      n.a.       124
 97     U.S. addressees (domicile)                     n.a.         0
 98     Non-U.S. addressees (domicile)                 n.a.       124
 99 Commercial banks in United States (including
      their IBFs)                                      n.a.        25
100     U.S. branches and agencies of other
          foreign banks                                n.a.        25
101     Other commercial banks in United States        n.a.         0
102 Banks in foreign countries                         n.a.       647
103     Foreign branches of U.S. banks                 n.a.        20
104     Other banks in foreign countries               n.a.       627
105 Foreign governments and official institutions
     (including foreign central banks)                 n.a.       773
106 All other deposits and credit balances             n.a.         0
107 Federal funds purchased and securities sold
        under agreements to repurchase                   984      303
108   Depository institutions in the United
        States                                           679      211
109   Other                                              306       92
110 Other borrowed money                               3,727    3,365
111 Owed to nonrelated commercial hanks in United
        States (including their IBFs)                    638      398
112   Owed to U.S. offices of nonrelated U.S.
        banks                                            277       68
113   Owed to U.S. branches and agencies of
         nonrelated foreign banks                        361      331
114 Owed to nonrelated banks in foreign countries      2,239    2,217
115   Owed to foreign branches of nonrelated
        U.S. banks                                       139      119
116   Owed to foreign offices of nonrelated
        foreign banks                                  2,100    2,098
117 Owed to others                                       850      750

118 All other liabilities                                201       16
119   Branch or agency liability on acceptances
          executed and outstanding                        89    n.a.
120 Trading liabilities                                   12        0
121 Other liabilities to nonrelated parties              100       16

122 Net due to related depository institutions (5)     9,606      106
123   Net due to head office and other related
          depository institutions (5)                  9,606    n.a.
124   Net due to establishing entity, head
          office, and other related
          depository institutions (6)                  n.a.       106

    MEMO
125 Holdings of own acceptances included in
        commercial and industrial loans                    1    n.a.
126 Commercial and industrial loans with
        remaining maturity of one year or less
        (excluding those in nonaccrual status)         5,462    n.a.
127   Predetermined interest rates                     3,021    n.a.
128   Floating interest rates                          2,441    n.a.
129 Commercial and industrial loans with
       remaining maturity of more than one year
       (excluding those in nonaccrual status)          4,236    n.a.
130 Predetermined interest rates                         560    n.a.
131 Floating interest rates                            3,676    n.a.
132 Components of total nontransaction accounts,
      included in total deposits and credit
      balances                                         2,944    n.a.
133 Time deposits of $ 100,000 or more                 2,936    n.a.
134 Time CDs in denominations of $100,000 or more
      with remaining maturity of more than
      12 months                                            8    n.a.

135 Immediately available funds with a maturity
      greater than one day
      included in other borrowed money                 2,013    n.a.
136 Number of reports filed (6)                           61     0

                                                         Illinois

                      Item                           Total     IBFs
                                                   including   only
                                                     IBFs

  1 Total assets (4)                                  38,134    3,307

  2 Claims on nonrelated parties                      37,167      999
  3 Cash and balances due from depository
      institutions                                     1,486      953
  4   Cash items in process of collection
        and unposted debits                               21        0
  5   Currency and coin (U.S. and foreign)                 0    n.a.
  6   Balances with depository institutions
        in United States                                 992      528
  7     U.S. branches and agencies of other
             foreign banks (including their IBFs)        914      528
  8     Other depository institutions in United
             States (including their IBFs)                78        0
  9   Balances with banks in foreign countries
          and with foreign central banks                 464      425
 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                          464      425
 13   Balances with Federal Reserve Banks                  9    n.a.

 14 Total securities and loans                        26,805       43

 15 Total securities, book value                       3,640       13
 16   U.S. Treasury                                      296    n.a.
 17   Obligations of U.S. government agencies
        and corporations                               1,342    n.a.
 18   Other bonds, notes, debentures, and
          corporate stock (including state and
          local securities)                            2,002       13
 19     Securities of foreign governmental units          13       13
 20     Mortgage-backed securities                         0        0
 21     Other asset-backed securities                      0        0
 22     All other                                      1,989        0

 23 Federal funds sold and securities purchased
        under agreements to resell                     1,202        0
 24 Depository institutions in the United States         250        0
 25 Other                                                952        0

 26 Total loans, gross                                23,173       30
 27   Less: Unearned income on loans                       8        0
 28   EQUALS: Loans, net                              23,165       30

    Total loans, gross, by category
 29 Real estate loans                                    126        0
 30 Loans to depository institutions and
      acceptances of other banks                       4,995       29
 31   Commercial banks in United States
          (including their IBFs)                          16        0
 32     U.S. branches and agencies of other
          foreign banks                                    1        0
 33     Other commercial banks in United States           15        0
 34   Other depository institutions in United
        States (including their IBFs)                      0        0
 35   Banks in foreign countries                         679       29
 36     Foreign branches of U.S. banks                     0        0
 37     Other banks in foreign countries                 679       29
 38 Loans to other financial institutions              4,300        0

 39 Commercial and industrial loans                   17,170        0
 40   U.S. addressees (domicile)                      14,760        0
 41   Non-U.S. addressees (domicile)                   2,410        0
 42 Loans to foreign governments and official
        institutions (including foreign
        central banks)                                   195        0
 43 Loans for purchasing or carrying securities
        (secured and unsecured)                          170        0
 44 All other loans                                      173        0

 45 Lease financing receivables (net of
        unearned income)                                 345        0
 46   U.S. addressees (domicile)                         292        0
 47   Non-U.S. addressees (domicile)                      54        0

 48 Trading assets                                     6,154        0

 49 All other assets                                   1,520        3
 50   Customers' liabilities on acceptances
          outstanding                                    218    n.a.
 51     U.S. addressees (domicile)                        15    n.a.
 52     Non-U.S. addressees (domicile)                   204    n.a.
 53   Other assets including other claims on           1,301        3
          nonrelated parties
 54 Net due from related depository
        institutions (5)                                 967    2,308
 55   Net due from head office and other related
           depository institutions (5)                   967    n.a.
 56   Net due from establishing entity, head
           office, and other related
           depository institutions (5)                 n.a.     2,308

 57 Total liabilities (4)                             38,134    3,307

 58 Liabilities to nonrelated parties                 33,383    3,270
 59 Total deposits and credit balances                17,443    2,834
 60 Individuals, partnerships, and corporations
      (including certified and official checks)       16,508        4
 61     U.S. addressees (domicile)                    16,412        0
 62     Non-U.S. addressees (domicile)                    96        4
 63 Commercial banks in United States (including
      their IBFs)                                        935       55
 64     U.S. branches and agencies of other
          foreign banks                                   13       55
 65     Other commercial banks in United States          922        0
 66 Banks in foreign countries                             0    1,184
 67     Foreign branches of U.S. banks                     0       56
 68     Other banks in foreign countries                   0    1,128
 69 Foreign governments and official institutions
      (including foreign central banks)                    0    1,591
 70 All other deposits and credit balances                 0        0

 71 Transaction accounts and credit balances
      (excluding IBFs)                                   190    n.a.
 72 Individuals, partnerships, and corporations
      (including certified and official checks)          190    n.a.
 73    U.S. addressees (domicile)                        184    n.a.
 74    Non-U.S. addressees (domicile)                      6    n.a.
 75 Commercial banks in United States (including
      their IBFs)                                          0    n.a.
 76     U.S. branches and agencies of other
          foreign banks                                    0    n.a.
 77     Other commercial banks in United States            0    n.a.
 78 Banks in foreign countries                             0    n.a.
 79     Foreign branches of U.S. banks                     0    n.a.
 80    Other banks in foreign countries                    0    n.a.
 81 Foreign governments and official institutions
      (including foreign central banks)                    0    n.a.
 82 All other deposits and credit balances                 0    n.a.

 83 Nontransaction accounts (including MMDAs,
      excluding IBFs)                                 17,253    n.a.
 84 Individuals, partnerships, and corporations
      (including certified and official checks)       16,318    n.a.
 85     U.S. addressees (domicile)                    16,228    n.a.
 86     Non-U.S. addressees (domicile)                    90    n.a.
 87 Commercial banks in United States (including
      their IBFs)                                        935    n.a.
 88     U.S. branches and agencies of other
          foreign banks                                   13    n.a.
 89     Other commercial banks in United States          922    n.a.
 90 Banks in foreign countries                             0    n.a.
 91     Foreign branches of U.S. banks                     0    n.a.
 92     Other banks in foreign countries                   0    n.a.
 93 Foreign governments and official institutions
      (including foreign central banes)                    0    n.a.
 94 All other deposits and credit balances                 0    n.a.

 95 IBF deposit liabilities                            n.a.     2,834
 96 Individuals, partnerships, and corporations
        (including certified and official checks)      n.a.         4
 97     U.S. addressees (domicile)                     n.a.         0
 98     Non-U.S. addressees (domicile)                 n.a.         4
 99 Commercial banks in United States (including
      their IBFs)                                      n.a.        55
100     U.S. branches and agencies of other
          foreign banks                                n.a.        55
101     Other commercial banks in United States        n.a.         0
102 Banks in foreign countries                         n.a.     1,184
103     Foreign branches of U.S. banks                 n.a.        56
104     Other banks in foreign countries               n.a.     1,128
105 Foreign governments and official institutions
     (including foreign central banks)                 n.a.     1,591
106 All other deposits and credit balances             n.a.         0
107 Federal funds purchased and securities sold
        under agreements to repurchase                 2,679      252
108   Depository institutions in the United
        States                                           787       10
109   Other                                            1,892      242
110 Other borrowed money                               4,505      180
111 Owed to nonrelated commercial banks in United
        States (including their IBFs)                    254       18
112   Owed to U.S. offices of nonrelated U.S.
        banks                                             95        0
113   Owed to U.S. branches and agencies of
         nonrelated foreign banks                        160       18
114 Owed to nonrelated banks in foreign countries        163      163
115   Owed to foreign branches of nonrelated
        U.S. banks                                         0        0
116   Owed to foreign offices of nonrelated
        foreign banks                                    163      163
117 Owed to others                                     4,088        0

118 All other liabilities                              5,922        3
119   Branch or agency liability on acceptances
          executed and outstanding                       229    n.a.
120 Trading liabilities                                4,280        1
121 Other liabilities to nonrelated parties            1,412        2

122 Net due to related depository institutions (5)     4,751       37
123   Net due to head office and other related
          depository institutions (5)                  4,751    n.a.
124   Net due to establishing entity, head
          office, and other related
          depository institutions (5)                  n.a.        37

    MEMO
125 Holdings of own acceptances included in
        commercial and industrial loans                  127    n.a.
126 Commercial and industrial loans with
        remaining maturity of one year or less
        (excluding those in nonaccrual status)        12,117    n.a.
127   Predetermined interest rates                     9,328    n.a.
128   Floating interest rates                          2,789    n.a.
129 Commercial and industrial loans with
       remaining maturity of more than one year
       (excluding those in nonaccrual status)          4,477    n.a.
130 Predetermined interest rates                         612    n.a.
131 Floating interest rates                            3,865    n.a.
132 Components of total nontransaction accounts,
      included in total deposits and credit
      balances                                        18,000    n.a.
133 Time deposits of $ 100,000 or more                17,183    n.a.
134 Time CDs in denominations of $100,000 or more
      with remaining maturity of more than
      12 months                                          817    n.a.

135 Immediately available funds with a maturity
      greater than one day
      included in other borrowed money                   266    n.a.
136 Number of reports filed (6)                           22     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 (sec 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.

COPYRIGHT 2002 Board of Governors of the Federal Reserve System
COPYRIGHT 2004 Gale Group


 
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