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Volume 3 • Number 2 • February 2006
Statistical Supplement
M to the
tne Federal
t eaeral Keserve
Reserve
£ BULLETIN
Board of Governors of the Federal Reserve System, Washington, D.C.
PUBLICATIONS COMMITTEE
Lynn S. Fox, Chair • Scott G. Alvarez • Sandra Braunstein • Marianne M. Emerson
• Jennifer J. Johnson • Karen H. Johnson • Stephen R. Malphrus • Vincent R. Reinhart
• Louise L. Roseman • Richard Spillenkothen • David J. Stockton
The Statistical Supplement to the Federal Reserve Bulletin is issued monthly under the direction of the staff Publications Committee. It is assisted by the Economic
Editing Section, Division of Research and Statistics, and the Publications Department, Office of Board Members.
Preface
The Statistical Supplement to the Federal Reserve
Bulletin is a continuation of the Financial and Business Statistics section that appeared in each month's
issue of the Federal Reserve Bulletin
Published monthly, the Statistical Supplement is
designed as a compact source of economic and financial data. All statistical series are published with the
same frequency that they had in the Bulletin, and the
numbering system for the tables remains the same.
Subscription information for the Statistical Supplement is on the inside front cover. For subscription
information about the Bulletin, contact Publications
Fulfillment at (202) 452-3245, or send an e-mail to
publications-bog @ frb.gov.
If you have questions regarding the tables in
the Statistical Supplement, please send a fax to
(202) 785-6092 or (202) 728-5886.
Financial and Business Statistics:
Table of Contents
These tables reflect the data available as of the second
week of February 2006.
3 SYMBOLS AND ABBREVIATIONS
DOMESTIC FINANCIAL STATISTICS
Money Stock and Bank Credit
4 Reserves and money stock measures
5 Reserves of depository institutions and Reserve Bank
credit
6 Reserves and borrowings—Depository
institutions
Policy
Instruments
7 Federal Reserve Bank interest rates
8 Reserve requirements of depository institutions
9 Federal Reserve open market transactions
Federal Finance
25 Federal debt subject to statutory limitation
25 Gross public debt of U.S. TreasuryTypes and ownership
26 U.S. government securities
dealers—Tran saction s
27 U.S. government securities dealers—
Positions and financing
28 Federal and federally sponsored credit
agencies—Debt outstanding
Securities Markets and Corporate Finance
29 New security issues—Tax-exempt state and local
governments and U.S. corporations
30 Open-end investment companies—Net sales
and assets
30 Domestic finance companies—Assets and liabilities
31 Domestic finance companies—Owned and managed
receivables
Federal Reserve Banks
10 Condition and Federal Reserve note statements
11 Maturity distribution of loans and securities
Monetary and Credit Aggregates
Real Estate
32 Mortgage markets—New homes
33 Mortgage debt outstanding
12 Aggregate reserves of depository institutions
and monetary base
13 Money stock measures
Commercial Banking Institutions—
Assets and Liabilities
15
16
17
19
20
21
All commercial banks in the United States
Domestically chartered commercial banks
Large domestically chartered commercial banks
Small domestically chartered commercial banks
Foreign-related institutions
Memo items
Consumer Credit
34 Total outstanding
34 Terms
Flow of Funds
35
37
38
39
Funds raised in U.S. credit markets
Summary of financial transactions
Summary of credit market debt outstanding
Summary of financial assets and liabilities
Financial Markets
22 Commercial paper outstanding
22 Prime rate charged by banks on short-term
business loans
23 Interest rates—Money and capital markets
24 Stock market—Selected statistics
DOMESTIC NONFINANCIAL STATISTICS
Selected
Measures
40 Output, capacity, and capacity utilization
42 Industrial production—Indexes and gross value
2
Federal Reserve Bulletin Statistical Supplement • February 2006
INTERNATIONAL STATISTICS
Summary Statistics
44 U.S. international transactions
44 U.S. reserve assets
45 Foreign official assets held at Federal Reserve
Banks
45 Selected U.S. liabilities to foreign official
institutions
Interest and Exchange Rates
56 Foreign exchange rates
57 GUIDE TO SPECIAL TABLES
SPECIAL TABLES
58 Terms of lending at commercial banks,
November 7-11,2005
64 Assets and liabilities of U.S. branches and
agencies of foreign banks, September 30, 2005
Reported by Banks in the United States
45
46
48
49
Liabilities to, and claims on, foreigners
Liabilities to foreigners
Banks' own claims on foreigners
Banks' own and domestic customers' claims on
foreigners
Reported by Nonbanking Business
Enterprises in the United States
50 Liabilities to foreigners
52 Claims on foreigners
Securities Holdings and Transactions
54 Foreign transactions in securities
55 Marketable U.S. Treasury bonds and
notes—Foreign transactions
68 INDEX TO STATISTICAL
TABLES
70 FEDERAL RESERVE BOARD
PUBLICATIONS
72 ANTICIPATED SCHEDULE OF RELEASE DATES FOR
PERIODIC STATISTICAL RELEASES
74 PUBLICATIONS OF INTEREST
75 FEDERAL RESERVE STATISTICAL RELEASES
AVAILABLE ON THE COMMERCE DEPARTMENT'S
ECONOMIC BULLETIN BOARD
Symbols and Abbreviations
c
e
n.a.
n.e.c.
p
r
*
0
ABS
ATS
BIF
CD
CMO
CRA
FAMC
FFB
FFIEC
FHA
FHLBB
FHLMC
FmHA
FNMA
FSA
FSLIC
G-7
G-10
Corrected
Estimated
Not available
Not elsewhere classified
Preliminary
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)
Calculated to be zero
Cell not applicable
Asset-backed security
Automatic transfer service
Bank insurance fund
Certificate of deposit
Collateralized mortgage obligation
Community Reinvestment Act of 1977
Federal Agricultural Mortgage Corporation
Federal Financing Bank
Federal Financial Institutions Examination Council
Federal Housing Administration
Federal Home Loan Bank Board
Federal Home Loan Mortgage Corporation
Farmers Home Administration
Federal National Mortgage Association
Farm Service Agency
Federal Savings and Loan Insurance Corporation
Group of Seven
Group of Ten
GDP
GNMA
GSE
HUD
IMF
IOs
IPCs
IRA
MMDA
MSA
NAICS
NOW
OCDs
OPEC
OTS
PMI
POs
REIT
REMICs
RHS
RP
RTC
SCO
SDR
SIC
STRIPS
TIIS
TIPS
VA
Gross domestic product
Government National Mortgage Association
Government-sponsored enterprise
Department of Housing and Urban
Development
International Monetary Fund
Interest-only, stripped, mortgage-backed securities
Individuals, partnerships, and corporations
Individual retirement account
Money market deposit account
Metropolitan statistical area
North American Industry Classification System
Negotiable order of withdrawal
Other checkable deposits
Organization of Petroleum Exporting Countries
Office of Thrift Supervision
Private mortgage insurance
Principal-only, stripped, mortgage-backed securities
Real estate investment trust
Real estate mortgage investment conduits
Rural Housing Service
Repurchase agreement
Resolution Trust Corporation
Securitized credit obligation
Special drawing right
Standard Industrial Classification
Separate trading of registered interest and principal
of securities
See TIPS
Treasury inflation-protected securities (formerly
TIIS, or Treasury inflation-indexed securities)
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.
4
Federal Reserve Bulletin Statistical Supplement • February 2006
1.10
RESERVES AND MONEY STOCK MEASURES
Percent annual rate of change, seasonally adjusted1
Monetary or credit aggregate
Q4'
Ql'
Q2'
Q3'
Aug.r
Sept/
2
1
2
3
4
Reserves of depository institutions
Total
Required
Nonborrowed
Monetary base3
3.3
1.9
4.5
4.8
2.1
3.5
2.9
2.9
-4.3
2.9
Concepts of money*
5 Ml
6 M2
7 M3
4.8
5.0
3.4
.2
3.6
5.7
Nontransaction components
8 In M2S
9 In M3 only1"
5.0
.2
Time and savings deposits
Commercial banks
Savings, including MMDAs . . .
Small time7
Large times>9
Thrift institutions
13
Savings, including MMDAs . . .
14
Small time7
15 Large times
10
11
12
-7.9
-9.5
-9.7
-15.0
-14.5
-19.7
2.7
-40.2
-38.6
-38.9
2.9
31.8
21.1
32.9
4.8
-24.6
-21.7
-23.5
3.5
-.4
2.6
6.0
-.5
4.4
7.8
-6.1
3.7
4.5
7.0
5.6
12.6
-2.6
5.7
10.6
1.6
5.4
9.9
.7
4.0
6.0
3.4
-2.1
.7
2.1
5.5
10.3
13.0
5.7
14.8
6.3
6.2
5.2
26.9
7.9
20.3
6.4
18.7
4.9
9.9
10.5
8.3
8.1
6.0
14.5
30.9
2.8
20.4
21.9
5.5
19.6
12.2
8.3
20.2
-19.0
2.8
16.5
42.7
9.6
16.5
23.2
6.2
-4.2
24.7
3.9
10.4
7.2
4.6
37.0
-2.1
15.5
44.2
-6.5
21.4
45.8
-3.0
19.9
32.5
-8.6
16.8
23.6
4.2
23.6
38.0
-8.3
17.8
36.8
-2.5
47.2
45.7
-3.2
22.0
32.8
-2.9
2.4
-A
11.7
1.2
10.7
-1.9
14.1
9.1
17.7
9.4
12.9
11.8
22.5
11.3
31.6
18.8
17.4
27.3
20.8
11.2
24.3
-1.7
4.5
Money market mutual funds
16 Retail10
17 Institution-only
-10.5
-11.8
-4.4
-6.1
Repurchase agreements and Eurodollars
18 Repurchase agreements
19 Eurodollars
-18.8
32.0
-14.3
26.7
1. Unless otherwise noted, rates of change are calculated from average amounts outstanding during the 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:
Ml consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the
vaults of depository institutions; (2) travelers checks ofnonbank issuers; (3) demand deposits
at commercial banks (excluding those amounts held by 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 Ml is constructed by summing currency, travelers checks,
demand deposits, and OCDs, each seasonally adjusted separately.
M2 consists of Ml plus (1) savings deposits (including money market deposit accounts);
(2) small-denomination time deposits (time deposits in amounts of less than $100,000), less
individual retirement accounts (IRA) and Keogh balances at depository institutions; and (3)
balances in retail money market mutual funds, less IRA and Keogh balances at money market
mutual funds. Seasonally adjusted M2 is constructed by summing savings deposits, smalldenomination time deposits, and retail money fund balances, each seasonally adjusted
separately, and adding this result to seasonally adjusted Ml.
7.0
6.1
1.4
20.5
14.0
M3 consists of M2 plus (1) balances in institutional money market mutual funds; (2)
large-denomination time deposits (time deposits in amounts of $100,000 or more); (3)
repurchase agreement (RP) liabilities of depository institutions, in denominations of $100,000
or more, on U.S. government and federal agency securities; and (4) Eurodollars held by U.S.
addressees at foreign branches of U.S. banks worldwide and at all banking offices in the
United Kingdom and Canada. Large-denomination time deposits, RPs, and Eurodollars
exclude those amounts held by depository institutions, the U.S. government, foreign banks
and official institutions, and money market funds. Seasonally adjusted M3 is constructed by
summing institutional money funds, large-denomination time deposits, RPs, and Eurodollars,
each seasonally adjusted separately, and adding the 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) institution-only money fund balances, (3) RPs, and
(4) Eurodollars, each seasonally adjusted separately.
7. Small time deposits 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 domestically chartered commercial banks, U.S. branches and
agencies of foreign banks, and Edge Act corporations, excluding those amounts held by
depository institutions, the U.S. government, foreign banks and official institutions, and
money market mutual funds.
10. IRA and Keogh account balances at money market mutual funds are subtracted from
retail money funds.
Money Stock and Bank Credit
1.11
5
RESERVE BALANCES OF DEPOSITORY INSTITUTIONS'
Millions of dollars
Average of
daily figures
Average of daily figures for week ending on date indicated
Sept.
Oct. 26
Nov. 2
Nov. 9
Nov. 16
Nov. 23
806,508
743,500
743,500
271,128
449,158
19,983
3,231
0
24,571
118
0
94
1,096
37,223
11,041
2,200
36,512
812,716
744,306
744,306
271,270
449,757
19,983
3,295
0
29,821
103
6
0
97
916
37,570
11,041
2,200
36,540
SUPPLYING RESERVE FUNDS
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Reserve Bank credit outstanding
Securities held outright
U.S. Treasury2
Bills3
Notes and bonds, nominal3
Notes and bonds, inflation-indexed3
Inflation compensation4
Federal agency3
Repurchase agreements5
Loans to depository institutions
Primary credit
Secondary credit
Seasonal credit
Float
Other Federal Reserve assets
Gold stock
Special drawing rights certificate account
Treasury currency outstanding
19
20
21
22
23
24
Currency in circulation
Reverse repurchase agreements'"
Foreign official and international accounts . . .
Dealers
Treasury cash holdings
Deposits with Federal Reserve Banks, other than
reserve balances
U.S. Treasury, general account
Foreign official
Service-related
Required clearing balances
Adjustments to compensate for float
Other
Other liabilities and capital
Reserve balances with Federal Reserve Banks7 .
806,383
742,588
742,588
271,040
448,376
19,983
3,188
0
24,042
123
18
0
105
977
38,654
11,041
2,200
36,494
800,945
737,795
737,795
269,938
444,890
19,983
2,983
0
21,214
226
10
0
215
1,982
39,728
11,041
2,200
36,429
797,932
738,282
738,282
270,256
445,033
19,983
3,009
0
19,071
222
40
0
183
465
39,890
11,041
2,200
36,429
801,885
740,525
740,525
270,711
446,792
19,983
3,038
0
20,536
154
5
0
148
369
40,302
11,041
2,200
36,429
799,324
741,036
741,036
270,819
447,135
19,983
3,098
0
17,857
119
39,046
11,041
2,200
36,429
800,478
738,119
738,119
270,078
445,075
19,983
2,983
0
21,315
275
31
23
221
1,044
39,726
11,041
2,200
36,429
0
116
235
40,078
11,041
2,200
36,456
808,871
742,075
742,075
271,018
447,906
19,983
3,168
0
25,607
152
46
0
106
1,695
39,343
11,041
2,200
36,484
767,877
24,996
24,996
0
254
768,787
25,595
25,595
0
220
775,736
25,314
25,314
0
215
768,929
26,046
26,046
0
219
767,810
24,218
24,218
0
220
768,401
25,347
25,347
0
213
770,878
24,959
24,959
0
225
776,243
25,557
25,557
0
219
776,963
24,928
24,928
0
210
780,611
25,782
25,782
0
204
14,285
5,338
99
8,580
8,580
0
268
31,159
11,352
13,996
4,865
98
8,725
8,725
0
308
31,576
9,973
14,087
4,917
85
8,798
8,794
4
287
31,916
8,850
13,554
4,555
102
8,587
8,587
0
310
31,573
10,294
14,141
5,149
96
8,587
8,587
0
310
31,673
9,538
14,176
4,981
105
8,781
8,781
0
308
31,872
11,547
14,136
5,002
85
8,780
8,780
0
270
31,574
7,248
13,713
4,522
88
8,841
8,825
16
262
31,741
11,123
14,334
5,107
81
8,823
8,823
0
323
32,111
7/715
14,212
5,090
83
8,754
8,754
0
284
32,315
9,373
800,252
733,198
733,198
268,303
442,168
19,863
2,864
0
27,552
346
17
12
318
ABSORBING RESERVE FUNDS
25
26
27
28
29
30
31
32
Wednesday figures
End-of-month figures
Sept.
Nov. 9
Nov. 16
SUPPLYING RESERVE FUNDS
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Reserve Bank credit outstanding
Securities held outright
U.S. Treasury2
Bills3
Notes and bonds, nominal3
Notes and bonds, inflation-indexed3
Inflation compensation4
Federal agency3
Repurchase agreements5
Loans to depository institutions
Primary credit
Secondary credit
Seasonal credit
Float
Other Federal Reserve assets
Gold stock
Special drawing rights certificate account
Treasury currency outstanding
19
20
21
22
23
24
Currency in circulation
Reverse repurchase agreements'"
Foreign official and international accounts
Dealers
Treasury cash holdings
Deposits with Federal Reserve Banks, other than
reserve balances
U.S. Treasury, general account
Foreign official
Service-related
Required clearing balances
Adjustments to compensate for float
Other
Other liabilities and capital
Reserve balances with Federal Reserve Banks7 . .
801,657
736,360
736,360
269,758
443,697
19,983
2,921
0
25,750
910
240
355
316
-311
38,949
11,041
2,200
36,429
805,067
740,595
740,595
270,781
446,792
19,983
3,038
0
24,000
159
10
0
149
342
39,971
11,041
2,200
36,429
817,790
744,168
744,168
271,270
449,595
19,983
3,319
0
35,250
86
4
0
81
882
37,404
11,041
2,200
36,540
795,857
738,015
738,015
270,149
444,890
19,983
2,993
0
16,250
238
36
0
202
1,782
39,572
11,041
2,200
36,429
801,552
739,542
739,542
270,649
445,890
19,983
3,019
0
21,750
176
8
0
168
52
40,032
11,041
2,200
36,429
795,733
740,614
740,614
270,781
446,792
19,983
3,057
0
14,500
129
0
0
128
378
40,112
11,041
2,200
36,429
807,042
741,717
741,717
271,018
447,592
19,983
3,122
0
24,500
131
13
0
118
503
40,191
11,041
2,200
36,456
803,828
742,878
742,878
271,018
448,688
19,983
3,188
0
20,000
107
7
0
100
3,960
36,883
11,041
2,200
36,484
815,170
744,301
744,301
271,270
449,784
19,983
3,263
0
32,500
108
97
769
37,494
11,041
2,200
36,512
817,790
744,168
744,168
271,270
449,595
19,983
3,319
0
35,250
86
4
0
81
882
37,404
11,041
2,200
36,540
766,482
26,920
26,920
0
237
768,130
26,180
26,180
0
211
780,223
30,055
30,055
0
204
769,165
25,082
25,082
0
221
769,127
23,654
23,654
0
211
770,003
24,939
24,939
0
225
775,120
25,021
25,021
0
221
776,841
25,318
25,318
0
211
781,188
24,487
24,487
0
204
780,223
30,055
30,055
0
204
13,636
4,381
96
8,864
8,864
0
295
31,015
13,037
14,896
5,712
88
8,781
8,781
0
315
31,820
13,499
13,725
4,634
82
8,754
8,754
0
255
31,865
11,498
13,451
4,469
87
8,587
8,587
0
308
31,186
6,422
13,782
4,727
165
8,587
8,587
0
303
31,486
12,963
13,702
4,499
106
8,781
8,781
0
316
31,437
5,095
14,514
5,388
83
8,780
8,780
0
264
31,345
10,518
13,598
4,416
81
8,841
8,825
16
261
31,550
6,034
13,335
4,162
80
8,823
8,823
0
270
32,097
13,612
13,725
4,634
82
8,754
8,754
0
255
31,865
11,498
ABSORBING RESERVE FUNDS
25
26
27
28
29
30
31
32
NOTE: Some of the data in this table appears in the Board's H.4.1 (503) weekly statistical
release, available at www.federalreserve.gov/releases.
1. Amounts of vault cash held as reserves are shown in table 1.12, line 2.
2. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury
securities.
3. Face value of the securities.
4. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
5. Cash value of agreements, which are fully collateralized by U.S. Treasury and federal
agency securities.
6. Cash value of agreements, which are fully collateralized by U.S. Treasury securities.
7. Excludes required clearing balances and adjustments to compensate for float.
6
Federal Reserve Bulletin Statistical Supplement • February 2006
1.12
RESERVES AND BORROWINGS
Depository Institutions1
Millions of dollars
Prorated monthly averages of biweekly averages
Reserve classification
1
2
3
4
5
6
7
8
9
10
11
12
Reserve balances with Reserve Banks2
Total vault cash3
Applied vault cash4
Surplus vault cash5
Total reserves'"
Required reserves
Excess reserve balances at Reserve Banks7
Total borrowing at Reserve Banks
Primary
Secondary
Seasonal
Adjustment
2002
2003
2004
Dec.
Dec.
Dec'
May'
June'
July'
Aug.'
Sept.'
Oct.
Nov.
9.926
43,362
30,347
13,016
40,272
38,263
2,009
80
10.863'
44,063
32,086
11,976
42,949'
41,906
1,043'
46
17
0
29
12.046
47,264
34,801
12,463
46,847
44,938
1,909
63
11
0
52
12,022
45,616
34,442
11,175
46,464
44,927
1,537
139
6
0
133
11,233
46,268
34,855
11,413
46,088
44,306
1,782
249
85
0
164
10,863
47,264
35,594
11,670
46,457
44,716
1,741
425
176
12
237
10.354
48,149
34,506
13,642
44,860
43,238
1,622
362
63
3
297
11.150
47,280
34,467
12,813
45,616
43,569
2,047
332
12
5
315
9.637
49,516'
34,477'
15,039'
44,113
42,213
1,900
284
35
29
220
9.495
49,208
34,495
14,713
43,990
42,193
1,797
126
20
0
106
45
35
2005
B weekly averages of daily figures for two-week periods ending on dates indicated
2005
1
2
3
4
5
6
7
8
9
10
11
12
Reserve balances with Reserve Banks2
Total vault cash3
Applied vault cash4
Surplus vault cash5
Total reserves'"
Required reserves
Excess reserve balances at Reserve Banks7
Total borrowing at Reserve Banks
Primary
Secondary
Seasonal
Adjustment
Aug. 3'
Aug. 17'
Aug. 31'
Sept. 14'
Sept. 28'
Oct. 12'
Oct. 26'
Nov. 9
Nov. 23
Dec. 7
12,611
47,190
36,931
10,259
49,542
47,410
2,131
527
230
34
264
8.566
49,300
32,879
16,421
41,445
40,122
1,323
357
79
0
279
11.659
47,203
35,614
11,589
47,273
45,462
1,811
333
9.571
46,876
32,448
14,428
42,019
40,253
1,766
317
12
0
305
12.981
47,307
36,729
10,578
49,710
47,418
2,292
336
7
0
330
9.384
49,915
32,764
17,151
42,148
39,848
2,299
415
59
76
280
9.941
49,439
35,957
13,482
45,897
44,180
1,717
224
25
0
199
9.394
48,773'
34,444'
14,329
43,838'
42,383'
1,455'
137
4
0
132
9.426
49,701
34,421
15,280
43,846
41,752
2,094
135
35
0
100
9.762
48,783
34,712
14,071
44,474
42,834
1,640
95
1. Data in this table also appear in the Board's H.3 (502) weekly statistical release,
available at www.federalreserve.gov/releases. Data are not break-adjusted or seasonally
adj usted.
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.
0
322
0
83
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).
Policy Instruments
1.14
1
FEDERAL RESERVE BANK INTEREST RATES
Percent per year
Current and previous levels
1
Secondary credit2
Primary credit
Federal Reserve
Bank
Boston
Vew York
Philadelphia
Cleveland
Richmond
Atlanta
On
2/17/06
Effective date
Previous rate
On
2/17/06
Effective date
Previous rate
On
2/17/06
Effective date
Previous rate
5.50
1/31/06
1/31/06
1/31/06
1/31/06
1/31/06
1/31/06
5.25
6.00
1/31/06
1/31/06
1/31/06
1/31/06
1/31/06
1/31/06
5.75
4.60
2/16/06
4.50
i
"hicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
Seasona credit3
1/31/06
2/1/06
2/2/06
1/31/06
1/31/06
1/31/06
i
5.50
5.25
6.00
i
1/31/06
2/1/06
2/2/06
1/31/06
1/31/06
1/31/06
1
5.75
1
4.60
2/16/06
4.50
Range of rates for primary credit
Range(or
level)—All
F.R. Banks
F.R. Bank
of
N.Y.
2.25
2.25
2003—June 25
26
2.00-2.25
2.00
2.00
2.00
2004—June 30
July 1
Aug. 10
11
Sept. 21
22
Nov. 10
12
Dec. 14
15
2.00-2.25
2.25
2.25-2.50
2.50
2.50-2.75
2.75
2.75-3.00
3.00
3.00-3.25
3.25
2.25
2.25
2.50
2.50
2.75
2.75
3.00
3.00
3.25
3.25
2005—Feb.
3.25-3.50
3.50
Effective date
In effect Jan. 9,2003
(beginning of program)
2
Range(or
level)—All
F.R. Banks
F.R. Bank
of
N.Y.
2005—Feb. 3
Mar. 22
24
May 3
4
June 30
July 1
Aug. 9
10
Sept. 20
22
Nov. 1
2
Dec. 13
14
3.50
3.50-3.75
3.75
3.75^.00
4.00
4.00^.25
4.25
4.25^.50
4.50
4.50^.75
4.75
4.75-5.00
5.00
5.00-5.25
5.25
3.50
3.75
3.75
4.00
4.00
4.25
4.25
4.50
4.50
4.75
4.75
5.00
5.00
5.25
5.25
2006—Jan. 31
Feb. 2
5.25-5.50
5.50
5.50
5.50
Effective date
Range(or
level)—All
F.R. Banks
F.R. Bank
of
N.Y.
5.50
5.50
Range(or
level)—All
F.R. Banks
F.R. Bank
of
N.Y.
2001—June 27
29
Aug. 21
23
Sept. 17
18
Oct. 2
4
Nov. 6
8
Dec. 11
13
3.25-3.50
3.25
3.00-3.25
3.00
2.50-3.00
2.50
2.00-2.50
2.00
1.50-2.00
1.50
1.25-1.50
1.25
3.25
3.25
3.00
3.00
2.50
2.50
2.00
2.00
1.50
1.50
1.25
1.25
2002—Nov. 6
7
0.75-1.25
0.75
0.75
0.75
0.75
0.75
Effective date
In effect February 17, 2006
Range of rates for adjustment credit in recent years4
Effective date
In effect Dec. 31, 1995
Range(or
level)—All
F.R. Banks
F.R. Bank
of
N.Y.
5.25
5.25
1996—Jan. 31
Feb. 3
5.00-5.25
5.00
5.00
5.00
1998— Oct. 15
16
Nov. 17
19
4.75-5.00
4.75
4.50-4.75
4.50
4.75
4.75
4.50
4.50
1999—Aug. 24
26
Nov. 16
18
4.50-4.75
4.75
4.75-5.00
5.00
4.75
4.75
4.75
5.00
Effective date
2000—Feb.
2
4
Mar. 21
23
May 16
19
2001—Jan.
Feb.
Mar.
Apr.
May
3
4
5
31
1
20
21
18
20
15
17
1. Available for very short terms as a backup source of liquidity to depository institutions
that are in generally sound financial condition in the judgment of the lending Federal Reserve
Bank.
2. Available in appropriate circumstances to depository institutions that do not qualify for
primary credit.
3. Available to help relatively small depository institutions meet regular seasonal needs for
funds that arise from a clear pattern of intrayearly movements in their deposits and loans. The
discount rate on seasonal credit takes into account rates charged on market sources of funds
Range(or
level)—All
F.R. Banks
F.R. Bank
of
N.Y.
5.00-5.25
5.25
5.25-5.50
5.50
5.50-6.00
6.00
5.25
5.25
5.50
5.50
5.50
6.00
5.75-6.00
5.50-5.75
5.50
5.00-5.50
5.00
4.50-5.00
4.50
4.00^.50
4.00
3.50^.00
3.50
5.75
5.50
5.50
5.00
5.00
4.50
4.50
4.00
4.00
3.50
3.50
Effective date
In effect Jan. 8, 2003
(end of program)
and ordinarily is reestablished on the first business day of each two-week reserve maintenance
period.
4. Was available until January 8, 2003, to help depository institutions meet temporary
needs for funds that could not be met through reasonable alternative sources. For earlier data,
see the following publications of the Board of Governors: Banking and Monetary Statistics,
1914-1941, and 1941-1970; the Annual Statistical Digest, 1970-1979, 1980-1989, and
1990-1995; and the Statistical Digest, 1996-2000. See also the Board's Statistics: Releases
and Historical Data webpages www.federalreserve.gov/releases/H15/data.htm.
8
1.15
Federal Reserve Bulletin Statistical Supplement • February 2006
RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS
Requirement
Type of liability
Net transaction accounts^
1 $0 million-$7.8 million2
2 More than $7.8 million-$48.3 million3
3 More than $48.3 million
Percentage of
liabilities
0
10
4 Nonpersonal time deposits
0
5 Eurocurrency liabilities
0
NOTE: Required reserves must be held in the form of vault cash and, if vault cash is
insufficient, also in the form of a deposit with a Federal Reserve Bank. An institution that is a
member of the Federal Reserve System must hold that deposit directly with a Reserve Bank;
an institution that is not a member of the System can maintain that deposit directly with a
Reserve Bank or with another institution in a pass-through relationship. Reserve requirements
are imposed on commercial banks, savings banks, savings and loan associations, credit
unions, U.S. branches and agencies of foreign banks, Edge Act corporations, and agreement
corporations.
1. Total transaction accounts consist of demand deposits, automatic transfer service (ATS)
accounts, NOW accounts, share draft accounts, telephone or preauthorized transfer accounts,
ineligible acceptances, and obligations issued by affiliates maturing in seven days or less. Net
transaction accounts are total transaction accounts less amounts due from other depository
institutions and less cash items in the process of collection.
Effective date
12/22/05
12/22/05
12/22/05
For a more detailed description of these deposit types, see Form FR 2900 at
www.federalreserve.gov/boarddocs/reportforms.
2. The amount of net transaction accounts subject to a reserve requirement ratio of zero
percent (the "exemption amount" ) is adjusted each year by statute. The exemption amount is
adjusted upward by 80 percent of the previous year's (June 30 to June 30) rate of increase in
total reservable liabilities at all depository institutions. No adjustment is made in the event of
a decrease in such liabilities.
3. The amount of net transaction accounts subject to a reserve requirement ratio of 3
percent is the "low reserve tranche." By statute, the upper limit of the low reserve tranche is
adjusted each year by 80 percent of the previous year's (June 30 to June 30) rate of increase or
decrease in net transaction accounts held by all depository institutions.
Policy Instruments
1.17
9
FEDERAL RESERVE OPEN MARKET TRANSACTIONS1
Millions of dollars
Type of transaction
and maturity
Apr.
May
63,637
63,637
70,894
70,894
91,408
91,408
July
Aug.
68,438
68,438
66,899
66,899
Sept.
U.S. TREASURY SECURITIES2
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Outright transactions
Treasury bills
Gross purchases
Gross sales
Exchanges
For new bills
Redemptions
Others within one year
Gross purchases
Gross sales
Maturity shifts
Exchanges
Redemptions
One to five years
Gross purchases
Gross sales
Maturity shifts
Exchanges
Five to ten years
Gross purchases
Gross sales
Maturity shifts
Exchanges
More than ten years
Gross purchases
Gross sales
Maturity shifts
Exchanges
All maturities
Gross purchases
Gross sales
Redemptions
26 Net change in U.S. Treasury securities . . .
21,421
0
657.931
657,931
0
738,886
738,886
18,138
0
821,685
821,685
0
1,992
0
87,522
87,522
0
1,023
0
68,397
68,397
0
12,720
0
89,108
-92,075
0
6,565
0
96,433
-103,153
7,994
0
103,380
-118,373
0
0
0
0
0
0
23,149
-26,036
0
7,997
-6,667
1,305
1,298
0
26,261
-18,253
757
0
0
7,999
-6,585
0
500
0
11,700
-6,551
0
12,748
0
-73,093
88,276
7,814
0
-76,364
97,256
17,249
0
-84,844
110,819
1,200
0
0
0
2,295
0
-19,402
23,565
0
-7,997
6,667
1,390
0
-20,702
16,781
3,635
0
-7,999
6,585
1,693
0
-11,700
6,551
5,074
0
-11,588
3,800
4,107
0
-11,131
5,897
5,763
0
-8,012
7,554
470
0
0
0
-1,277
2,471
0
0
-2,919
1,472
130
0
0
0
0
0
0
0
2,280
0
-4,427
0
220
0
-8,938
1,364
0
-10,524
0
230
0
0
0
0
-2,471
785
0
0
0
0
-2,640
90
0
0
0
902
0
0
0
54,242
0
0
36,856
0
50,507
0
0
1,900
0
4,953
0
1,375
0
1,305
6,427
0
757
5,847
0
0
4,118
0
0
54,242
36,856
1,153,876
1,518,638
1,887,650
163,500
167,000
186,250
179,000
173,250
173,500
201,750
200,750
200,750
200,750
187,300
197,050
145,250
147,000
4,942,131
4,946,691
5,621,153
5,626,285
505,211
507,649
547,538
546,380
526,972
527,769
531,351
532,647
555,779
554,786
523,085
523,518
509,449
508,709
5,670
FEDERAL AGENCY OBLIGATIONS
Outright transactions
Gross purchases
Gross sales
Redemptions
Net change in federal agency obligations . . .
TEMPORARY TRANSACTIONS
Repurchase agreements3
Gross purchases
Gross sales
Matched sale-purchase agreements
33 Gross purchases
34 Gross sales
Reverse repurchase agreements*
35 Gross purchases
36 Gross sales
4,981,624
4,958,437
231,272
252,363
37 Net change in temporary transactions
-8,653
-310
-15,882
-5,938
8,408
-1,047
-297
993
-10,183
-1,010
38 Total net change in System Open Market Account
45,589
36,536
34,626
-4,038
13,361
-977
-297
6,662
-4,336
3,108
1. Sales, redemptions, and negative figures reduce holdings of the System Open Market
Account; all other figures increase such holdings.
2. Transactions exclude changes in compensation for the effects of inflation on the
principal of inflation-indexed securities. Transactions include the rollover of inflation compensation into new securities.
3. Cash value of agreements, which are collateralized by U.S. government and federal
agency obligations.
4. Cash value of agreements, which are collateralized by U.S. Treasury securities.
10
1.18
Federal Reserve Bulletin Statistical Supplement • February 2006
FEDERAL RESERVE BANKS
Condition and Federal Reserve Note Statements'
Millions of dollars
Wednesday
Nov. 16
Sept.
Nov. 23
Consolidated condition statement
ASSETS
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Gold certificate account
Special drawing rights certificate account
Coin
Securities, repurchase agreements, and loans
Securities held outright
U.S. Treasury2
Bills3
Notes and bonds, nominal3
Notes and bonds, inflation-indexed3
Inflation compensation4
Federal agency3
Repurchase agreements5
Loans
Items in process of collection
Bank premises
Other assets
Denominated in foreign currencies'"
All other7
19 Total assets
11,036
2,200
727
755,242
740,614
740,614
270,781
446,792
19,983
3 057
0
14,500
129
7,850
1,843
38,204
19,165
19,038
11,036
2,200
730
766,348
741,717
741,717
271,018
447,592
19,983
3,122
0
24,500
131
7,107
1,842
38,288
18,826
19,461
11,036
2,200
728
762,985
742,878
742,878
271,018
448,688
19,983
3,188
0
20,000
107
11,969
1,841
35,126
18,649
16,477
11,036
2,200
706
776,908
744,301
744,301
271,270
449,784
19,983
3,263
0
32,500
108
7,467
1,843
35,601
18,800
16,801
11,037
2,200
684
779,504
744,168
744,168
271,270
449,595
19,983
3319
0
35,250
86
6,976
1,846
35,505
18,736
16,769
11,037
2,200
726
763,020
736,360
736,360
269,758
443,697
19,983
2,921
0
25,750
910
4,937
1,842
37,132
19,380
17,753
11,037
2,200
733
764,754
740,595
740,595
270,781
446,792
19,983
3,038
0
24,000
159
2,816
1,845
38,064
19,125
18,938
11,037
2,200
684
779,504
744,168
744,168
271,270
449,595
19,983
3,319
0
35,250
86
6,976
1,846
35,505
18,736
16,769
817,102
827,552
825,885
835,761
837,752
820,894
821,448
837,752
734,523
24,939
18,734
13,813
4,499
106
316
7,469
4,031
739,610
25,021
25,177
19,443
5,388
83
264
6,398
4,097
741,291
25,318
19,718
14,961
4,416
81
261
8,008
4,149
745,582
24,487
26,896
22,384
4,162
80
270
6,699
4,194
744,567
30,055
25,174
20,204
4,634
82
255
6,091
4,231
731,011
26,920
26,698
21,927
4,381
96
295
5,249
3,947
732,641
26,180
28,336
22,221
5,712
88
315
2,471
4,062
744,567
30,055
25,174
20,204
4,634
82
255
6,091
4,231
789,696
800,304
798,484
807,859
810,118
793,826
793,690
810,118
13,455
11,630
2,322
13,446
11,625
2,177
13,458
11,630
2,314
13,498
11,630
2,775
13,501
11,630
2,503
13,307
11,630
2,132
13,454
11,630
2,675
13,501
11,630
2,503
27,406
27,248
27,634
27,068
1,474,199
1,080,978
393,221
3,365
1,479,820
1,085,002
394,818
5,034
1,506,953
1,101,226
405,727
5,052
1,460,798
1,080,684
380,114
5,732
LIABILITIES
20
21
22
23
24
25
26
27
28
Federal Reserve notes, net of F.R. Bank holdings
Reverse repurchase agreements5
Deposits
Depository institutions
U.S. Treasury, general account
Foreign official
Other
Deferred availability cash items
Other liabilities and accrued dividends9
29 Total liabilities
CAPITAL ACCOUNTS
30 Capital paid in
31 Surplus
32 Other capital accounts
27,634
33 Total capital
MEMO
34 Marketable securities held in custody for foreign official
and international accounts3'10
35
U.S. Treasury
36
Federal agency
37 Securities lent to dealers
1,495,310
1,096,777
398,533
3,801
1,503,176
1,100,887
402,289
9,342
1,476,100
1,084,172
391,928
3,386
1,506,953
1,101,226
405,727
5,052
Federal Reserve notes and collateral statement
38 Federal Reserve notes outstanding
39
Less: Notes held by F.R. Banks not
subject to collateralization
40
Federal Reserve notes to be collateralized
41 Collateral held against Federal Reserve notes
42
Gold certificate account
43
Special drawing rights certificate account
44
U.S. Treasury and agency securities pledged1'
45
Other assets pledged
893,853
896,613
898,033
899,236
899,790
890,662
892,900
899,790
159,330
734,523
734,523
11,036
2,200
721,286
0
157,002
739,610
739,610
11,036
2,200
726,374
0
156,742
741,291
741,291
11,036
2,200
728,054
0
153,655
745,582
745,582
11,036
2,200
732,345
0
155,223
744,567
744,567
11,037
2,200
731,330
0
159,651
731,011
731,011
11,037
2,200
717,775
0
160,259
732,641
732,641
11,037
2,200
719,404
0
155,223
744,567
744,567
11,037
2,200
731,330
0
755,114
766,217
762,878
776,801
779,418
762,110
764,595
779,418
24,965
25,050
25,461
24,514
30,092
26,955
26,370
30,092
730,148
741,166
737,417
752,287
749,326
735,154
738,225
749,326
MEMO
46 Total U.S. Treasury and agency securities''
47
Less: face value of securities under reverse repurchase
agreements12
48
U.S. Treasury and agency securities
eligible to be pledged
1. Some of the data in this table also appear in the Board's H.4.1 (503) weekly statistical
release, which is available at www.federalreserve.gov/releases.
2. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury
securities.
3. Face value of the securities.
4. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
5. Cash value of agreements, which are fully collateralized by U.S. Treasury and federal
agency securities.
6. Valued daily at market exchange rates.
7. Includes special investment account at the Federal Reserve Bank of Chicago in Treasury
bills maturing within ninety days.
8. Cash value of agreements, which are fully collateralized by U.S. Treasury securities.
9. Includes exchange-translation account reflecting the daily revaluation at market
exchange rates of foreign exchange commitments.
10. Includes U.S. Treasury STRIPS and other zero coupon bonds at face value.
11. Includes face value of U.S. Treasury and agency securities held outright, compensation
to adjust for the effect of inflation on the original face value of inflation-indexed securities,
and cash value of repurchase agreements.
12. Face value of agreements, which are fully collateralized by U.S. Treasury securities.
Federal Reserve Banks
1.19
FEDERAL RESERVE BANKS
11
Maturity Distribution of Loans and Securities
Millions of dollars
Wednesday
Type of holding and maturity
Sept.
107
1 Total loans
13
116
0
20
111
0
105
104
4
58
28
0
807
103
100
59
58
28
0
740,614
741,717
742,878
744,301
744,168
736,360
740,595
744,168
57,663
158.746
182,848
210,651
52,617
78,089
40,966
175,588
182,941
210,677
53,429
78,117
56,097
152,030
191,259
209,687
53,440
80,365
55,815
155,572
188,251
210,812
56,681
77,170
48,773
163,763
187,020
210,726
56,690
77,194
34,338
173,327
184,920
214,053
52,593
77,128
41,252
168,229
189,776
210,643
52,614
78,080
48,773
163,763
187,020
210,726
56,690
77,194
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
19 Total repurchase agreements2
14,500
24,500
20,000
32,500
35,250
25,750
24,000
35,250
20 Within 15 days
14,500
0
24,500
0
20,000
0
32,500
0
35,250
0
25,750
0
24,000
0
35,250
0
25,318
24,487
25,318
0
24,487
0
30,055
0
26,920
0
2 Within 15 days
3 16 days to 90 days
4 91 days to 1 year
5 Total U.S. Treasury securities'
6
7
8
9
10
11
Within 15 days
16 days to 90 days
91 days to 1 year
Over 1 year to 5 years
Over 5 years to 10 years
Over 10 years
12 Total federal agency securities
13
14
15
16
17
18
Within 15 days
16 days to 90 days
91 days to 1 year
Over 1 year to 5 years
Over 5 years to 10 years
Over 10 years
21 16 days to 90 days
22 Total reverse repurchase agreements"
24,939
24,939
25,021
0
23 Within 15 days
24 16 days to 90 days
NOTE: Components may not sum to totals because of rounding.
1. Includes the original face value of inflation-indexed securities and compensation that
adjusts for the effect of inflation on the original face value of such securities.
26,180
26,180
0
30,055
0
2. Cash value of agreements classified by remaining maturity of the agreements.
12
Federal Reserve Bulletin Statistical Supplement • February 2006
1.20
AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE1
Billions of dollars, averages of daily figures
2001
Dec.
2002
Dec.
2003
Dec.
2004
Dec.
Apr.'
Aug.
Sept/
46.09
45.66
44.34
772.87
44.54
44.18
42.92
774.71'
45.72
45.39
43.67
777.80
44.78
44.50
42.88
780.07'
44.71
44.58
42.91
783.67
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS2
1
2
3
4
Total reserves3
Nonborrowed reserves4
Required reserves
Monetary base5
41.50
41.43
39.85
635.40'
40.44
40.36
38.43
681.39'
42.77
42.73'
41.73
720.10'
46.80
46.73'
44.89
758.97'
46.56
46.43
44.88
766.94
45.87
45.73
44.34
768.13
46.67
46.42
44.89
771.12
Not seasonally adjusted
5
6
7
8
Total reserves'"
Nonborrowed reserves .
Required reserves7 . . . .
Monetary bases
41.18
41.11
39.53
639.91
40.13
40.05
38.12
686.23
42.45
42.41
41.41
725.21'
46.52
46.46
44.61
764.66
46.58
46.45
44.91
766.29
46.37
46.23
44.83
766.92
45.98
45.73
44.20
770.89
46.33
45.90
44.58
773.68
44.70
44.34
43.08
773.66'
45.44
45.11
43.39
776.98
43.92'
43.63
42.01
777.69
43.76
43.64
41.97
783.36
41.06
40.99
39.41
648.74
1.65
.07
40.27
40.19
38.26
697.15
2.01
.08
42.95
42.90
41.91
737.62
1.04
.05
46.85
46.78'
44.94
774.77
1.91
.06
46.65
46.52
44.98
775.29
1.68
.13
46.46
46.33
44.93
775.66
1.54
.14
46.09
45.84
44.31
779.54
1.78
.25
46.46
46.03
44.72
782.51
1.74
.43
44.86
44.50
43.24
782.66'
1.62
.36
45.62
45.28
43.57
785.67
2.05
.33
44.11
43.83
42.21
786.54
1.90
.28
43.99
43.86
42.19
792.31
1.80
.13
NOT ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS9
9
10
11
12
13
14
Total reserves10
Nonborrowed reserves
Required reserves
Monetary base1'
Excess reserves'2
Borrowings from the Federal Reserve
1. Latest monthly and biweekly figures are available from the Board's H.3 (502) weekly
statistical release, available at www.federalreserve.gov/releases. Historical data starting in
1959 and estimates of the effect on required reserves of changes in reserve requirements are
available from the Monetary and Reserve Analysis 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, breakadjusted required reserves (line 3) plus excess reserves (line 13).
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 14).
5. 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.
6. Break-adjusted total reserves equal break-adjusted required reserves (line 7) plus excess
reserves (line 13).
7. 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. Breakadjusted required reserves include required reserves against transactions deposits and nonpersonal time and savings deposits (but not reservable nondeposit liabilities).
8. The break-adjusted monetary base equals (1) break-adjusted total reserves (line 5), 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.
9. Reflects actual reserve requirements, including those on nondeposit liabilities, with no
adjustments to eliminate the effects of discontinuities associated with regulatory changes in
reserve requirements.
10. Reserve balances with Federal Reserve Banks plus vault cash used to satisfy reserve
requirements.
11. The monetary base, not break-adjusted and not seasonally adjusted, consists of (1) total
reserves (line 9), 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.
12. Unadjusted total reserves (line 9) less unadjusted required reserves (line 11).
Monetary and Credit Aggregates
1.21
13
MONEY STOCK MEASURES1
Billions of dollars, averages of daily figures
2001
Dec/
2002
Dec/
2003
Dec/
2004
Dec/
Aug/
Sept/
Seasonally adjusted
1,182.1
5.450.3
8,035.0
1,219.2
5,800.3
8,569.2
1,304.2
6,079.4
8,874.0
1,372.1
6,422.1
9,435.8
1,370.4
6,568.9
9,868.8
1,367.4
6,600.0
9,955.7
1,369.2
6,629.6
10,037.7
1,370.0
6,651.9
10,088.3
581.1
8.0
335.7
257.4
626.2
7.8
306.1
279.1
662.3
7.7
324.7
309.5
697.3
7.6
340.3
327.0
712.8
7.4
330.0
320.2
716.1
7.3
324.2
319.8
717.4
7.3
325.9
318.5
720.3
7.3
323.4
319.0
4,268.1
2,584.7
4,581.1
2,768.9
4,775.1
2,794.6
5,049.9
3,013.7
5,198.5
3,299.9
5,232.6
3,355.7
5,260.4
3,408.1
5,281.9
3,436.3
Commercial banks
10 Savings deposits, including MMDAs . . .
11 Small time deposits9
12 Large time deposits10-"
1,739.4
634.8
688.4
2,060.9
589.7
699.7
2,337.9
536.2
766.4
2,632.2
545.2
912.3
2,703.7
618.4
1,057.0
2,725.4
626.9
1,077.4
2,739.4
624.7
1,099.6
2,748.2
630.1
1,106.2
Thrift institutions
13 Savings deposits, including MMDAs . . .
14 Small time deposits9
15 Large time deposits10
573.4
339.0
114.5
717.9
302.4
117.5
831.5
273.4
120.7
887.8
271.6
161.1
865.7
310.9
208.7
859.7
315.5
215.1
857.9
327.9
223.3
855.6
333.9
229.4
981.7
1,196.7
910.2
1,247.7
796.1
1,117.4
713.2
1,068.4
699.8
1,091.3
705.1
1,107.4
710.6
1,119.3
714.2
1,120.6
373.7
211.4
473.4
230.7
494.8
295.3
492.6
379.4
525.1
417.7
534.2
421.6
545.0
421.0
554.3
425.9
1 Ml
2 M2
3 M3
4
5
6
7
Ml components
Currency3
Travelers checks4
Demand deposits5
Other checkable deposits6
Nontransaction components
8 In M27
9 In M3 onlys
Money market mutual funds
16 Retail12
17 Institution-only
Repurchase agreements and Eurodollars
18 Repurchase agreements
19 Eurodollars
Not seasonally adjusted
Measures2
20 Ml
21 M2
22 M3
23
24
25
26
Ml components
Currency3
Travelers checks4
Demand deposits5
Other checkable deposits6
1,208.3
5,484.8
8,105.4
1,245.2
5,832.0
8,634.7
1,332.1
6,111.8
8,929.5
1,401.3
6,457.0
9,485.0
1,369.2
6,564.4
9,856.9
1,356.1
6,597.3
9,943.5
1,358.8
6,623.3
10,011.4
1,368.1
6,665.2
10,086.9
585.2
7.9
354.2
261.0
630.3
7.7
323.5
283.8
666.7
7.6
342.8
315.0
702.4
7.5
358.8
332.7
712.3
7.5
329.8
319.6
714.3
7.4
319.2
315.2
715.7
7.2
321.9
313.9
720.5
7.1
324.1
316.3
4,779.6
2,817.7
5,055.6
3,028.0
5,195.3
3,292.4
5,241.2
3,346.2
5,264.5
3,388.2
5,297.2
3,421.7
Nontransaction components
27 In M27
28 In M3 onlys
4,276.5
2,620.5
Commercial banks
29 Savings deposits, including MMDAs . . .
30 Small time deposits9
31 Large time deposits10-"
1,742.5
635.2
690.1
2,061.6
589.8
698.9
2,337.9
536.0
762.9
2,633.4
544.8
906.2
2,702.2
618.9
1,060.6
2,733.8
627.1
1,079.2
2,744.7
624.5
1,096.7
2,759.9
629.6
1,094.9
Thrift institutions
32 Savings deposits, including MMDAs . . .
33 Small time deposits9
34 Large time deposits10
574.4
339.2
114.8
718.2
302.4
117.3
831.5
273.3
120.1
888.2
271.4
160.0
865.2
311.2
209.4
862.4
315.6
215.5
859.6
327.7
222.7
859.3
333.6
227.1
985.2
1,228.8
914.7
1,281.3
800.8
1,144.3
717.8
1,090.2
697.9
1,089.0
702.3
1,104.7
708.0
1,113.2
714.7
1,122.6
376.5
210.3
476.4
228.8
497.6
292.8
494.6
376.9
521.9
411.5
530.2
416.6
534.9
420.6
552.0
425.1
Money market mutual funds
35 Retail12
36 Institution-only
Repurchase agreements and Eurodollars
37 Repurchase agreements
38 Eurodollars
Footnotes appear on following page.
14
Federal Reserve Bulletin Statistical Supplement • February 2006
NOTES TO TABLE 1.21
1. Latest monthly and weekly figures are available from the Board's H.6 (508) weekly
statistical release, available at www.federalreserve.gov/releases. 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:
Ml consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the
vaults of depository institutions; (2) travelers checks ofnonbank issuers; (3) demand deposits
at commercial banks (excluding those amounts held by 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 Ml is constructed by summing currency, travelers checks,
demand deposits, and OCDs, each seasonally adjusted separately.
M2 consists of Ml plus (1) savings deposits (including money market deposit accounts);
(2) small-denomination time deposits (time deposits in amounts of less than $100,000), less
individual retirement account (IRA) and Keogh balances at depository institutions; and (3)
balances in retail money market mutual funds, less IRA and Keogh balances at money market
mutual funds. Seasonally adjusted M2 is constructed by summing savings deposits, smalldenomination time deposits, and retail money fund balances, each seasonally adjusted
separately, and adding this result to seasonally adjusted Ml.
M3 consists of M2 plus (1) balances in institutional money market mutual funds; (2)
large-denomination time deposits (time deposits in amounts of $100,000 or more); (3)
repurchase agreement (RP) liabilities of depository institutions, in denominations of $100,000
or more, on U.S. government and federal agency securities; and (4) Eurodollars held by U.S.
addressees at foreign branches of U.S. banks worldwide and at all banking offices in the
United Kingdom and Canada. Large-denomination time deposits, RPs, and Eurodollars
exclude those amounts held by depository institutions, the U.S. government, foreign banks
and official institutions, and money market funds. Seasonally adjusted M3 is constructed by
summing institutional money funds, large-denomination time deposits, RPs, and Eurodollars,
each seasonally adjusted separately, and adding the 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 domestically chartered commercial banks, U.S. branches and
agencies of foreign banks, and Edge Act corporations (excluding those amounts held by
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) institution-only money fund balances, (3) RPs, and
(4) Eurodollars, each seasonally adjusted.
9. Small time deposits 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 domestically chartered commercial banks, U.S. branches and
agencies of foreign banks, and Edge Act corporations, excluding those amounts held by
depository institutions, the U.S. government, foreign banks and official institutions, and
money market mutual funds.
12. IRA and Keogh account balances at money market mutual funds are subtracted from
retail money funds.
Commercial Banking Institutions—Assets and Liabilities
1.26
COMMERCIAL BANKS IN THE UNITED STATES
A. All commercial banks
15
Assets and Liabilities'
Billions of dollars
Wednesd ay figures
Monthly averages
Account
Jan.
July
Aug.
Sept.
2006
2006
2005
2005
Oct.'
Nov.'
Dec'
Jan.
Jan. 4
Jan.11
Jan. 18
Jan. 25
Seasonall 1 adjusted
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Assets
Bank credit
Securities in bank credit
Treasury and Agency securities2 . .
Other securities
Loans and leases in bank credit3 . . . .
Commercial and industrial
Real estate
Revolving home equity
Other
Consumer
Security4
Other loans and leases
Interbank loans
Cash assets5
Other assets'"
16 Total assets7
17
18
19
20
21
22
23
24
25
26
Liabilities
Deposits
Transaction
Nontransaction
Large time
Other
Borrowings
From banks in the U.S
From others
Net due to related foreign offices
Other liabilities
27 Total liabilities
28 Residual (assets less liabilities)5
6.892.7
1,991.3
1,182.4'
808.9'
4.901.4
942.9
2.572.3
407.3
2.165.0
702.7
200.5
482.9
289.3
327.6
660.4
7.281.2
2,063.3
1,177.6'
885.7'
5.217.9
1,004.1
2,787.7
437.9
2.349.8
710.5
232.5
483.0
262.4
327.8
680.9
7.360.5
2,066.7
1,174.5'
892.2'
5.293.8
1,013.9'
2,825.1
439.5
2.385.6
717.2
245.3
492.3'
280.7
324.4
688.6
7.409.0
2,078.1
1,166.6'
911.5'
5.330.9
1,017.8'
2,840.9
438.7
2.402.2
719.9
246.7
505.6'
292.1'
327.5
697.5
7.420.5
2,069.2
1,158.9
910.3
5.351.3
1,024.4
2,864.8
436.8
2.428.0
708.7
241.8
511.7
291.6
316.8
703.9
7,437.5
2,057.4
1,141.4
916.0
5.380.2
1,032.8
2,877.3
436.8
2.440.5
709.2
246.6
514.3
306.5
308.9
706.9
7.479.7
2,041.7
1.132.4
909.3
5.438.0
1,044.4
2,902.6
436.2
2.466.4
704.4
261.5
525.2
277.8
311.1
708.9
7,537.8
2,053.6
1.143.2
910.5
5.484.2
1,066.4
2,928.3
434.6
2.493.7
708.1
252.5
528.9
286.4
316.4
728.7
7.483.7
2,029.0
1,127.9
901.1
5.454.7
1,054.9
2,919.8
434.2
2.485.6
705.2
253.9
520.9
265.4
331.8
715.5
7.497.9
2,030.7
1,126.6
904.2
5.467.1
1,059.9
2,930.4
434.9
2.495.5
705.0
244.5
527.3
279.3
308.6
718.9
7.529.6
2,055.7
1,145.7
910.0
5.473.9
1,065.0
2,922.7
435.3
2.487.4
711.1
250.8
524.2
291.2
316.6
717.0
7.577.4
2,072.7
1,151.3
921.5
5.504.7
1,073.3
2,930.5
435.0
2.495.4
711.1
259.2
530.6
300.5
309.7
738.1
8,100.6
8,484.5
8,586.3
8,657.6r
8,664.4
8,691.4
8,708.9
8,801.8
8,728.4
8,737.1
8,787.0
8,858.2
5.368.1
664.0
4.704.2
1,224.7
3,479.5
1,554.0
367.3
1,186.7
56.7
477.8
5.585.6
661.7
4.923.9
1,320.4
3,603.5
1,626.7
348.0
1,278.8
94.1
485.2
5.655.3
686.5
4.968.8
1,368.0
3,600.9
1,677.0
352.6
1,324.4
63.6
486.1
5.680.5
672.5
5.008.0
1,392.4'
3,615.6'
1,686.4
358.5
1,327.9
69.1
503.4'
5.693.3
654.9
5.038.3
1,414.2
3,624.2
1,675.6
351.0
1,324.6
93.1
499.6
5.716.9
668.2
5.048.8
1,410.0
3,638.7
1,701.2
368.5
1,332.8
75.4
500.4
5.734.4
659.7
5.074.8
1,418.9
3,655.9
1,719.1
360.8
1,358.3
72.8
494.4
5.767.3
657.7
5.109.6
1,434.4
3,675.2
1,729.4
378.2
1,351.2
75.1
489.2
5.796.4
629.9
5.166.4
1,431.9
3,734.6
1,668.2
352.5
1,315.7
87.4
485.9
5.768.8
615.4
5.153.4
1,439.3
3,714.0
1,690.7
363.6
1,327.1
69.6
486.5
5.771.6
659.6
5.112.0
1,431.2
3.680.8
1,730.9
378.6
1,352.3
77.6
482.9
5.750.5
702.4
5.048.1
1,437.3
3,610.8
1,760.6
398.8
1,361.8
89.5
490.6
7,456.6
7,791.7
7,882.0
7,939.4'
7,961.5
7,993.9
8,020.7
8,061.0
8,037.8
8,015.6
8,062.9
8,091.2
644.0
692.8
704.2
702.9
697.5
688.2
740.8
690.6
721.5
724.0
767.0
718.2
Not seasonally adjusted
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
Assets
Bank credit
Securities in bank credit
Treasury and Agency securities2 . .
Other securities
Loans and leases in bank credit3 . . . .
Commercial and industrial
Real estate
Revolving home equity
Other
Consumer
Credit cards and related plans . .
Other
Security4
Other loans and leases
Interbank loans
Cash assets5
Other assets'"
46 Total assets7
47
48
49
50
51
52
53
54
55
56
Liabilities
Deposits
Transaction
Nontransaction
Large time
Other
Borrowings
From banks in the U.S
From others
Net due to related foreign offices
Other liabilities
57 Total liabilities
58 Residual (assets less liabilities)5
Footnotes appear on p. 21.
6,903.0
1,993.8
1.177.8'
816.1'
4.909.2
938.7
2.571.4
405.4
2.166.0
716.2
319.3
396.8
202.6
480.3
285.5
336.8
661.1
7,262.0
2,057.4
1.176.2'
881.2'
5.204.7
1,002.7
2,782.4
438.7
2.343.7
703.0
308.0
395.0
229.5
487.0
259.2
322.3
682.1
7,346.2
2,065.1
1.170.6'
894.5'
5.281.1
1,008.5'
2,826.9
440.9
2.386.0
713.8
308.7
405.1
237.8
494.1'
280.3
314.8
690.7
7,411.1'
2,074.7
1.159.7'
915.0'
5.336.4
1,014.3'
2,849.1
440.6
2.408.5
721.4
311.5
409.9
242.0
509.7'
286.5
329.3
700.3
7,434.0
2,067.3
1.154.1
913.2
5.366.7
1,022.7
2,874.2
438.0
2.436.2
711.4
302.9
408.4
244.1
514.4
288.5
322.2
707.4
7,475.4
2,066.9
1.149.8
917.0
5.408.5
1,032.7
2,895.9
436.8
2.459.1
713.9
309.1
404.7
251.7
514.3
309.8
318.7
709.6
7,527.5
2,050.3
1,136.1
914.1
5.477.2
1,044.8
2,912.7
435.0
2.477.7
716.4
319.9
396.6
273.3
530.0
280.5
330.5
710.4
7,549.5
2,057.5
1.138.7
918.8
5.492.0
1,061.7
2,927.3
432.6
2.494.7
721.6
317.7
403.9
255.5
525.8
281.9
325.8
729.6
7,519.3
2,037.6
1.122.5
915.0
5.481.7
1,057.1
2,919.9
431.9
2.488.0
719.9
322.2
397.7
253.1
531.6
268.9
371.7
724.6
7,514.1
2,037.7
1.123.0
914.7
5.476.3
1,053.8
2,931.5
432.3
2.499.2
718.1
317.5
400.6
247.8
525.1
276.5
306.8
721.5
7,550.8
2,061.1
1.142.6
918.4
5.489.7
1,059.9
2,922.9
433.0
2.489.9
725.4
320.7
404.7
258.4
523.1
289.0
345.5
718.6
7,568.9
2,072.3
1.145.0
927.3
5.496.6
1,065.8
2,926.9
433.1
2.493.8
725.0
319.1
405.9
259.0
519.8
285.4
304.8
731.5
8,116.9
8,458.0
8,563.9
8,658.6
8,684.1
8,745.1
8,780.3
8,819.4
8,816.6
8,751.3
8,836.5
8,823.2
5.369.4
676.5
4.693.0
1,235.4
3,457.6
1,550.7
364.4
1,186.3
61.5
483.4
5.569.4
659.2
4.910.2
1,317.0
3,593.3
1,628.2
347.8
1,280.4
85.6
476.1
5.632.9
667.8
4.965.1
1,359.2
3,605.9
1,671.3
354.1
1,317.2
63.5
486.1
5.670.3
664.5
5.005.8
1,379.1'
3,626.7'
1,690.6
358.8
1,331.8
73.6
508.3
5.686.0
653.8
5.032.2
1,395.9
3,636.3
1,672.7
351.1
1,321.6
99.8
506.6
5.728.0
674.3
5.053.7
1,399.5
3,654.2
1,693.8
366.4
1,327.4
87.1
513.1
5.761.9
696.4
5.065.5
1,416.7
3,648.8
1,704.2
359.5
1,344.8
82.0
504.2
5.767.6
670.2
5.097.3
1,446.9
3,650.4
1,726.4
375.5
1,351.0
80.9
494.9
5.850.2
684.4
5.165.7
1,432.0
3,733.8
1,657.9
351.3
1,306.5
91.4
490.0
5.781.4
622.3
5.159.2
1,451.8
3,707.3
1,673.6
359.9
1,313.8
73.1
490.0
5.791.1
688.0
5.103.2
1,443.6
3,659.6
1,734.6
377.1
1,357.5
82.6
487.8
5.695.3
691.4
5.004.0
1,453.4
3,550.6
1,762.6
394.9
1,367.7
100.0
499.9
7,465.0
7,759.4
7,853.8
7,942.8
7,965.0
8,022.0
8,052.3
8,069.7
8,089.5
8,018.1
8,096.1
8,057.8
651.9
698.6
710.1
715.8
719.1
723.2
728.0
749.7
727.2
733.2
740.4
765.5
16
Federal Reserve Bulletin Statistical Supplement • February 2006
1.26
COMMERCIAL BANKS IN THE UNITED STATES
B. Domestically chartered commercial banks
Assets and Liabilities' —Continued
Billions of dollars
Wednesd ay figures
Monthly averages
Account
Jan.
July
Aug.
Sept.
2006
2006
2005
2005
Oct.'
Nov.'
Dec'
Jan.
Jan. 4
Jan.11
Jan. 18
Jan. 25
Seasonall 1 adjusted
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Assets
Bank credit
Securities in bank credit
Treasury and Agency securities2 . .
Other securities
Loans and leases in bank credit3 . . . .
Commercial and industrial
Real estate
Revolving home equity
Other
Consumer
Security4
Other loans and leases
Interbank loans
Cash assets5
Other assets'"
16 Total assets7
17
18
19
20
21
22
23
24
25
26
Liabilities
Deposits
Transaction
Nontransaction
Large time
Other
Borrowings
From banks in the U.S
From others
Net due to related foreign offices
Other liabilities
27 Total liabilities
28 Residual (assets less liabilities)5
6.218.9
1,683.1
1,096.3'
586.8'
4.535.8
798.8
2.554.1
407.3
2.146.8
702.7
99.0
381.2
244.2
262.0
629.7
6.536.8
1,738.0
1,091.7'
646.3'
4.798.8
843.4
2.771.1
437.9
2.333.3
710.5
103.4
370.4'
211.4
267.2
644.5
6.592.8
1,734.5
1,089.3'
645.2'
4.858.3
849.1'
2.809.2
439.5
2.369.7
717.2
103.6
379.1'
232.2
263.0
652.0
6.627.4
1,730.2
1,080.8'
649.3'
4.897.2
853.5'
2.825.6'
438.7
2.386.9'
719.9
108.5
389.7'
242.5
267.7
657.3
6.626.7
1,712.9
1,076.3
636.6
4.913.8
859.9
2.844.9
436.8
2.408.1
708.7
104.4
395.7
244.4
260.5
664.7
6.632.0
1,697.6
1,059.8
637.9
4.934.3
867.9
2.856.6
436.8
2.419.9
709.2
109.1
391.5
260.9
254.4
666.2
6.672.5
1,690.4
1,054.5
635.9
4.982.1
875.5
2.882.0
436.2
2.445.8
704.4
121.5
398.8
236.7
260.9
670.8
6.732.8
1,713.5
1,071.6
641.9
5.019.3
891.8
2.908.1
434.6
2 473.4
708.1
112.4
398.9
245.9
266.1
692.9
6.695.7
1,690.1
1,056.5
633.7
5.005.5
883.5
2.899.2
434.2
2.465.0
705.2
122.1
395.5
228.3
282.2
678.6
6.700.3
1,694.9
1,057.6
637.3
5.005.4
887.3
2.909.8
434.9
2.474.9
705.0
105.5
397.7
237.6
258.0
684.7
6.727.5
1,716.6
1,076.7
640.0
5.010.8
891.3
2.902.3
435.3
2.467.1
711.1
110.9
395.1
253.0
265.5
681.9
6.757.0
1,724.2
1,077.8
646.3
5.032.8
896.3
2.910.0
435.0
2.475.0
711.1
116.8
398.5
254.9
260.1
701.7
7,285.6
7,592.5
7,672.4
7,726.9
7,728.4
7,745.6
7,772.9
7,870.7
7,817.2
7,813.5
7,860.9
7,906.8
4.803.1
652.1
4.151.0
687.6
3.463.5
1,206.1
320.9
885.2
253.9
385.7
5.005.6
650.0
4.355.6
770.3
3.585.2
1,259.0
299.6
959.4
247.9
390.2
5.034.0
674.1
4.359.9
774.2
3.585.7
1,290.3
299.3
991.0
258.3
389.6
5.056.5
660.5
4.396.0
793.2'
3.602.8'
1,305.7
307.5
998.2
251.8
396.7
5.062.9
643.2
4.419.7
805.2
3.614.5
1,296.2
300.4
995.8
271.7
385.7
5.104.5
656.1
4.448.4
816.5
3.632.0
1,294.6
309.5
985.1
257.3
385.0
5.131.6
647.3
4.484.3
830.4
3.653.9
1,298.7
301.0
997.7
263.4
384.2
5.161.1
644.9
4.516.2
842.9
3,673.3
1,303.4
314.9
988.5
283.0
389.1
5.195.2
617.4
4.577.8
845.2
3.732.6
1,257.2
297.1
960.1
286.3
387.1
5.158.1
602.1
4.556.0
843.9
3.712.1
1,270.5
301.5
969.0
284.5
385.6
5.162.6
647.1
4.515.5
836.6
3.678.9
1,306.7
315.4
991.3
283.5
386.0
5.137.0
689.2
4.447.8
838.9
3.608.9
1,332.2
331.7
1,000.5
295.6
390.0
6,648.8
6,902.7
6,972.3
7,010.7
7,016.5
7,041.3
7,077.9
7,136.6
7,125.7
7,098.7
7,138.9
7,154.7
636.8
689.9
700.1
716.2
711.8
704.2
695.0
734.1
691.5
714.8
722.0
752.1
Not seasonally adjusted
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
Assets
Bank credit
Securities in bank credit
Treasury and Agency securities2 . .
Other securities
Loans and leases in bank credit3 . . . .
Commercial and industrial
Real estate
Revolving home equity
Other
Other residential
Commercial
Consumer
Credit cards and related plans . .
Other
Security4
Other loans and leases
Interbank loans
Cash assets5
Other assets'"
48 Total assets7
49
50
51
52
53
54
55
56
57
58
Liabilities
Deposits
Transaction
Nontransaction
Large time
Other
Borrowings
From banks in the U.S
From others
Net due to related foreign offices
Other liabilities
59 Total liabilities
60 Residual (assets less liabilities)5
Footnotes appear on p. 21.
6 226 8
1,685.6
1,091.6'
594.0'
4.541.2
794.0
2.553.2
405.4
2.147.7
1,075.0'
1,072.7'
716.2
319.3
396.8
98.0
379.8
240.3
271.6
628.3
6 520 7
1,732.0
1,090.3'
641.7'
4.788.7
842.8'
2.765.8
438.7
2.327.1
1,162.1'
1,165.0'
703.0
308.0
395.0
103.9
373.1
208.2
262.4
646.7
6,587.4
1,732.9
1.085.5'
647.4'
4.854.5
845.5'
2.811.0
440.9
2.370.1
1,189.7'
1,180.4'
713.8
308.7
405.1
104.5
379.6'
231.7
253.4
654.4
6,636.3
1,726.8
1.074.0'
652.8'
4.909.6'
851.6'
2.833.8'
440.6
2.393.2
1,193.8'
1,199.4'
721.4
311.5
409.9
109.9
393.0'
236.9
268.3
661.8
6,644.0
1,711.0
1.071.4
639.6
4.933.0
860.3
2.854.3
438.0
2.416.4
1,201.6
1,214.8
711.4
302.9
408.4
108.0
399.0
241.3
264.9
669.4
6,669.3
1,707.1
1.068.2
639.0
4.962.1
868.6
2.875.3
436.8
2.438.5
1,213.3
1,225.2
713.9
309.1
404.7
110.4
394.0
264.2
264.2
669.6
6,714.1
1,699.0
1.058.3
640.7
5.015.1
874.7
2.892.1
435.0
2.457.2
1,218.2
1,238.9
716.4
319.9
396.6
126.7
405.0
239.4
278.4
671.8
6,741.1
1,717.4
1.067.2
650.2
5.023.8
886.4
2.907.1
432.6
2.474.5
1,221.3
1,253.1
721.6
317.7
403.9
111.4
397.3
241.4
275.8
691.4
6,727.1
1,698.7
1.051.1
647.6
5.028.4
883.4
2.899.4
431.9
2.467.5
1,222.2
1,245.2
719.9
322.2
397.7
120.2
405.5
231.7
321.2
686.6
6,715.4
1,701.9
1.054.0
647.9
5.013.5
880.5
2.910.9
432.3
2.478.6
1,229.4
1,249.2
718.1
317.5
400.6
107.0
397.0
234.8
256.4
684.8
6,742.3
1,722.0
1.073.7
648.3
5.020.3
885.5
2.902.6
433.0
2.469.6
1,215.6
1,253.9
725.4
320.7
404.7
111.7
395.2
250.8
294.6
681.2
6,746.9
1,723.8
1.071.6
652.2
5.023.1
888.7
2.906.5
433.1
2.473.4
1,216.9
1,256.5
725.0
319.1
405.9
112.5
390.5
239.8
256.0
692.5
7,298.0
7,570.8
7,659.3
7,735.3r
7,752.1
7,799.5
7,835.6
7,882.8
7,899.4
7,824.4
7,901.9
7,868.3
4.797.2
664.3
4.132.8
691.5
3.441.3
1,202.8
317.9
884.8
258.0
390.7
4.991.0
647.6
4.343.4
768.4
3.575.0
1,260.5
299.4
961.1
241.2
382.3
5.020.4
655.6
4.364.8
773.8
3.591.0
1,284.7
300.9
983.8
257.8
389.2
5.057.6
652.3
4.405.3
791.2'
3,614.1'
1,310.0'
307.8
1,002.2
254.5
400.3
5.076.5
641.9
4.434.5
807.6
3.626.9
1,293.2
300.5
992.8
275.7
390.4
5.130.6
662.4
4.468.2
820.6
3.647.6
1,287.1
307.4
979.7
266.1
395.3
5.162.6
683.6
4.479.1
832.2
3.646.9
1,283.9
299.7
984.2
271.0
392.8
5.153.4
657.0
4.496.4
847.9
3.648.5
1,300.5
312.2
988.3
287.9
394.1
5.249.6
671.1
4.578.5
846.7
3.731.8
1,246.9
295.9
950.9
288.6
390.0
5.164.5
608.7
4.555.8
850.4
3.705.4
1,253.4
297.8
955.6
287.4
388.6
5.175.3
674.9
4.500.4
842.8
3.657.6
1,310.4
313.9
996.5
288.0
390.6
5.069.7
678.1
4.391.6
842.9
3.548.7
1,334.3
327.8
1,006.4
303.9
397.8
6,648.6
6,875.0
6,952.0
7,022.3
7,035.8
7,079.1
7,110.3
7,135.9
7,175.0
7,094.0
7,164.3
7,105.6
649.3
695.8
707.3
713.0
716.3
720.4
725.2
746.9
724.4
730.4
737.6
762.7
Commercial Banking Institutions—Assets and Liabilities
1.26
COMMERCIAL BANKS IN THE UNITED STATES
C. Large domestically chartered commercial banks
17
Assets and Liabilities' —Continued
Billions of dollars
Wednesd ay figures
Monthly averages
Account
Jan.
July
Aug.
Sept.
2006
2006
2005
2005
Oct.
Nov.
Dec.
Jan.
Jan. 4
Jan.11
Jan. 18
Jan. 25
Seasonall 1 adjusted
Assets
1 Bank credit
2
Securities in bank credit
3
Treasury and Agency securities2 . .
4
Trading account
5
Investment account
6
Mortgage-backed
7
Other
8
Other securities
9
Trading account
10
Investment account
11
State and local government . .
12
Other
13 Loans and leases in bank credit3 . . . .
14
Commercial and industrial
15
Real estate
16
Revolving home equity
17
Other
18
Other residential
19
Commercial
20
Consumer
21
Security4
22
Federal funds sold to and
repurchase agreements
with broker-dealers
23
Other
24
State and local government
25
Agricultural
26
Federal funds sold to and
repurchase agreements with
others
27
All other loans
28
Lease-financing receivables
29 Interbank loans
30
Federal funds sold to and
repurchase agreements with
commercial banks
31
Other
32 Cash assets5
33 Other assets6
34 Total assets7
35
36
37
38
39
40
41
42
43
44
Liabilities
Deposits
Transaction
Non transaction
Large time
Other
Borrowings
From banks in the U.S
From others
Net due to related foreign offices
Other liabilities
45 Total liabilities
46 Residual (assets less liabilities)5
Footnotes appear on p. 21.
3,496.6
967.1
598.1
34.1
564.0
459.2
104.8
368.9
201.1
167.8
33.2
134.6
2,529.5
471.1
1,299.0
291.2
1,007.8
635.8
372.0
390.3
91.0
3,609.5
1,021.9
597.7
49.4
548.3
449.0
99.3
424.2
215.2
209.0
37.6
171.4
2,587.6
490.2
1,355.0
303.3
1,051.8
658.9
392.9
381.9
94.6
3,641.0
1,016.6
594.2
46.7
547.4
447.6
99.8
422.5
212.2
210.3
37.8
172.4
2,624.4
492.6
1,378.7
303.7
1,075.1
677.9
397.2
385.7
94.3
3,664.1
1,016.2
588.3
36.8
551.5
449.6
101.9
427.8
213.4
214.4
38.1
176.4
2,647.9
493.8
1,387.9
303.6
1,084.3
680.1
404.2
386.8
98.4
3,672.9
1,009.4
588.0'
41.5'
546.5
444.5
102.0
421.4'
203.6'
217.8
37.5
180.3
2,663.5
500.2'
1,397.8
305.1
1,092.6
685.2
407.4
384.9
93.9
3,664.3'
996.2'
572.2'
41.9'
530.3
435.1
95.2
423.9'
203.5'
220.5
37.9
182.6
2,668.2'
504.2
1,402.7
304.2
1,098.6
691.0
407.6
381.9
98.2
3,698.2'
996.4'
571.3'
32.3'
539.0'
447.1'
91.9
425.1'
199.6'
225.5'
38.6
186.9'
2,701.8'
511.9
1,413.2
304.0
1,109.2
697.4
411.8
376.2
111.1
3,723.9
1,014.3
587.2
35.0
552.1
470.3
81.9
427.1
202.8
224.3
39.5
184.8
2,709.6
522.2
1,421.3
305.6
1,115.7
698.2
417.5
377.7
101.3
3,695.7
992.7
573.5
26.6
546.9
463.5
83.4
419.2
199.4
219.7
38.8
181.0
2,703.0
516.5
1,417.2
304.5
1,112.7
699.1
413.5
372.5
111.6
3,693.2
996.5
572.5
32.8
539.7
454.7
85.0
424.0
201.2
222.8
39.2
183.6
2,696.6
518.6
1,422.2
305.4
1,116.8
701.6
415.2
374.0
94.8
3,718.3
1,016.6
591.6
32.2
559.4
476.9
82.5
425.0
200.6
224.4
39.1
185.3
2,701.7
521.7
1,416.9
306.2
1,110.7
693.0
417.7
380.1
99.6
3,744.3
1,026.6
594.7
37.6
557.0
477.8
79.3
431.9
207.1
224.8
40.2
184.6
2,717.6
525.8
1,420.1
306.3
1,113.8
694.0
419.8
381.3
105.0
69.1
21.9
17.0
9.4
79.5
15.0
17.0
9.1
78.6
15.7
17.6
9.2
82.2
16.2
18.2
9.5
77.2
16.7
18.5
9.7
80.8
17.4
18.7
9.7
93.7
17.4
18.9
9.9
84.1
17.2
18.9
9.8
94.1
17.6
18.7
9.8
78.0
16.8
18.8
9.8
83.3
16.3
18.9
9.7
87.2
17.9
19.0
9.7
27.5
127.3
96.9
164.4
21.2
125.7
92.8
135.4
24.7
128.9
92.6
150.0
28.3
132.6'
92.5
155.0
31.8
134.9'
91.8
150.7
18.7'
142.1
91.8
159.4'
22.2'
146.3
92.2
148.8'
21.1
145.5
91.7
150.6
25.4
139.4
92.0
139.5
24.3
142.1
92.1
150.1
20.3
142.7
91.7
156.5
16.5
149.0
91.2
153.3
104.9
59.5
149.9
455.2
67.3
68.1
150.3
446.1
83.8
66.2
144.2
453.6
88.9
66.1
146.7
455.8
86.2
64.5
141.7
464.4
95.3'
64.2
137.4
463.0
83.9'
64.9
144.7
462.2
82.6
68.0
145.5
468.7
73.9
65.6
159.2
459.6
80.2
69.9
137.6
469.4
90.9
65.6
144.0
470.2
83.3
70.0
140.7
472.3
4,229.3
4,307.1
4,354.9
4,387.5
4,395.3
4,390.1'
4,420.3'
4,456.2
4,421.2
4,417.9
4,456.6
4,478.2
2,463.7
315.8
2,147.9
324.9
1,823.0
722.9
161.8
561.1
242.1
312.7
2,528.1
304.1
2,224.1
361.2
1,862.9
747.8
133.7
614.1
234.4
319.1
2,536.5
316.6
2,219.9
358.2
1,861.7
773.2
134.7
638.5
244.2
316.7
2,543.6
311.2
2,232.5
372.4
1,860.0
778.2
139.4
638.8
238.6
322.9
2,546.1
298.4
2,247.6
374.8
1,872.9
780.9
135.6
645.3
256.2
312.7
2,572.2
303.9
2,268.3
380.2
1,888.1
776.6
139.7
637.0
243.8
310.9'
2,605.0
310.5'
2,294.6
397.7
1,896.9
784.2
136.5
647.7
249.3
310.5'
2,611.7
303.1
2,308.5
403.2
1,905.3
779.1
145.5
633.6
264.4
311.2
2,641.0
295.5
2,345.6
409.7
1,935.8
745.0
132.9
612.1
267.7
311.6
2,606.7
276.3
2,330.5
405.0
1,925.5
753.4
135.5
617.9
265.4
311.5
2,611.1
308.7
2,302.3
397.5
1,904.8
777.8
145.5
632.3
266.1
310.7
2,589.8
330.6
2,259.2
397.9
1,861.3
800.6
156.6
644.1
277.6
308.7
3,741.5
3,829.4
3,870.6
3,883.3
3,895.8
3,903.6'
3,948.9'
3,966.3
3,965.4
3,937.0
3,965.7
3,976.7
487.8
477.8
484.3
504.1
499.4
486.5'
489.9
455.8
480.8
490.9
501.5
471.3
18
Federal Reserve Bulletin Statistical Supplement • February 2006
1.26
COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities' —Continued
C. Large domestically chartered commercial banks—Continued
Billions of dollars
Wednesd ay figures
Monthly averages
Account
2005
2005
Jan.
July
Aug.
Sept.
2006
2006
Oct.
Nov.
Dec.
Jan.
Jan. 4
Jan.11
Jan. 18
Jan. 25
Not seasona lly adjusted
Assets
47 Bank credit
48
Securities in bank credit
49
Treasury and Agency securities2 .
50
Trading account
51
Investment account
52
Mortgage-backed
53
Other
54
Other securities
55
Trading account
56
Investment account
57
State and local government .
58
Other
59 Loans and leases in bank credit3 . . .
60
Commercial and industrial
61
Real estate
62
Revolving home equity
63
Other
64
Other residential
65
Commercial
66
Consumer
67
Credit cards and related plans .
68
Other
69
Security4
70
Federal funds sold to and
repurchase agreements
with broker-dealers
71
Other
72
State and local government
73
Agricultural
74
Federal funds sold to and
repurchase agreements
with others
75
All other loans
76
Lease-financing receivables
77 Interbank loans
78 Federal funds sold to and
repurchase agreements
with commercial banks
79
Other
80 Cash assets5
81 Other assets8
82 Total assets7
83
84
85
86
87
88
89
90
91
92
Liabilities
Deposits
Transaction
Nontransaction
Large time
Other
Borrowings
From banks in the U.S
From others
Net due to related foreign offices
Other liabilities
93 Total liabilities
94 Residual (assets less liabilities)5
Footnotes appear on p. 21.
3.501.0
970.5
594.4
33.9
560.4
456.3
104.2
376.1
205.0
171.1
33.8
137.3
2,530.5
466.9
1,297.4
289.8
1,007.5
635.6
371.9
397.1
157.5
239.6
90.3
3,603.3
1,017.9
598.3
49.2
549.0
450.0
99.0
419.7
212.9
206.7
37.2
169.6
2,585.4
489.5
1,355.3
303.9
1,051.3
658.6
392.7
378.4
144.7
233.7
95.1
3,640.3
1,018.3
593.6
46.5
547.1
447.6
99.5
424.7
213.3
211.4
38.0
173.3
2,622.0
491.0
1,380.3
304.9
1,075.4
678.1
397.3
384.0
142.8
241.2
95.1
3,669.8
1,015.8
584.5
36.4
548.1
447.3
100.8
431.3
215.1
216.2
38.4
177.8
2,654.0
493.9'
1,389.9
304.7
1,085.2
680.6
404.6
387.8
143.2
244.6
99.9
3,680.4
1,008.7
584.3'
40.7'
543.6
443.5
100.1
424.4'
205.0'
219.3
37.8
181.5
2,671.7
501.4'
1,398.7
305.5
1,093.2
685.5
407.6
385.3
141.9
243.3
97.5
3,684.8'
1,007.0'
582.0'
42.3'
539.6
443.5
96.1
425.0'
204.0'
221.0
38.0
183.0
2,677.9'
506.0
1,406.9
304.4
1,102.6
693.5
409.1
382.6
142.2
240.4
99.3
3,720.3'
1,002.1'
572.1'
32.3'
539.8'
447.9'
92.0
430.0'
201.9'
228.0'
39.0
189.0'
2,718.2'
511.0
1,415.3
303.2
1,112.1
699.2
412.8
380.3
147.9
232.4
116.3
3,728.4
1,018.8
583.4
34.8
548.6
467.2
81.4
435.4
206.7
228.7
40.3
188.4
2,709.6
517.6
1,419.3
304.1
1,115.2
698.0
417.3
384.4
146.7
237.8
100.5
3,719.7
1,001.0
567.8
26.5
541.3
458.1
83.2
433.2
206.1
227.1
40.1
187.0
2,718.7
515.9
1,417.1
303.2
1,113.9
699.9
414.0
380.8
147.2
233.6
109.7
3,705.5
1,004.0
569.4
32.5
536.9
452.6
84.2
434.6
206.3
228.3
40.1
188.2
2,701.6
512.9
1,423.3
303.5
1,119.8
703.5
416.3
381.0
145.3
235.7
96.4
3,728.3
1,022.5
589.1
31.9
557.1
475.2
81.9
433.4
204.6
228.8
39.9
189.0
2,705.8
516.9
1,415.8
304.4
1,111.4
693.4
418.0
386.9
148.3
238.6
100.7
3,731.7
1,027.1
589.3
37.3
552.0
473.5
78.5
437.8
209.9
227.9
40.8
187.1
2,704.5
519.1
1,414.9
304.6
1,110.3
691.8
418.4
387.7
148.1
239.6
101.6
68.6
21.8
17.0
9.5
80.0
15.1
17.0
9.2
79.3
15.8
17.6
9.2
83.4
16.5
18.2
9.5
80.2
17.3
18.5
9.7
81.7
17.6
18.7
9.8
98.1
18.2
18.9
10.0
83.4
17.1
18.9
9.9
92.5
17.3
18.7
10.2
79.3
17.1
18.8
10.0
84.2
16.5
18.9
9.8
84.3
17.3
19.0
9.7
27.5
127.5
97.3
163.9
21.2
127.1
92.6
134.7
24.7
127.6
92.5
150.1
28.3
134.0'
92.5
151.0
31.8
136.5'
92.3
146.6
18.7'
143.6
92.2
161.1'
22.2'
152.1
92.1
151.9'
21.1
145.7
92.0
150.1
25.4
148.3
92.7
143.4
24.3
142.3
92.7
147.5
20.3
144.4
92.2
157.9
16.5
144.8
91.3
148.9
104.6
59.3
158.3
453.8
67.0
67.7
145.4
448.4
83.8
66.3
136.3
456.0
86.6
64.4
146.0
460.3
83.9
62.7
144.5
469.0
96.2'
64.9
143.3
466.4
85.7'
66.2
157.5
463.2
82.4
67.8
153.9
467.2
76.0
67.5
185.0
467.7
78.8
68.7
138.3
469.5
91.7
66.2
166.2
469.5
80.9
68.0
140.8
463.1
4,240.4
4,297.9
4,348.7
4,392.9
4,406.5
4,421.6'
4,459.3'
4,467.2
4,483.2
4,428.4
4,489.5
4,452.1
2,462.8
324.2
2,138.6
328.9
1,809.7
719.7
158.9
560.8
246.2
317.7
2,520.5
301.8
2,218.7
359.3
1,859.4
749.3
133.6
615.7
227.8
311.1
2,526.8
302.4
2,224.4
357.8
1,866.7
767.5
136.3
631.2
243.6
316.3
2,545.9
304.7
2,241.2
370.4
1,870.8
782.4
139.7
642.7
241.2
326.5
2,557.4
295.9
2,261.5
377.1
1,884.4
111 .9
135.6
642.3
260.1
317.4
2,586.0
306.8
2,279.3
384.3
1,894.9
769.2
137.6
631.6
252.6
321.2'
2,623.2'
334.0
2,289.2
399.6
1,889.6
769.4
135.2
634.1
256.9
319.1'
2,609.9
311.6
2,298.3
408.2
1,890.1
776.1
142.8
633.3
269.3
316.2
2,675.7
328.0
2,347.8
411.3
1,936.5
734.7
131.8
603.0
270.0
314.5
2,611.9
279.4
2,332.6
411.5
1,921.0
736.3
131.8
604.6
268.3
314.6
2,623.6
328.7
2,294.9
403.7
1,891.2
781.5
143.9
637.5
270.5
315.3
2,549.9
325.6
2,224.4
402.0
1,822.4
802.7
152.7
650.0
285.9
316.5
3,746.3
3,808.7
3,854.3
3,896.1
3,912.9
3,929.1'
3,968.6'
3,971.5
3,995.0
3,931.1
3,991.0
3,955.1
494.1
489.1
494.4
496.9
493.6
492.5'
490.7'
495.7
488.2
497.3
498.5
497.0
Commercial Banking Institutions—Assets and Liabilities
1.26
COMMERCIAL BANKS IN THE UNITED STATES
D. Small domestically chartered commercial banks
19
Assets and Liabilities' —Continued
Billions of dollars
Wednesd ay figures
Monthly averages
Account
Jan.
July
Aug.
Sept.
2006
2006
2005
2005
Oct.'
Nov.'
Dec'
Jan.
Jan. 4
Jan.11
Jan. 18
Jan. 25
2,998.3
695.7
481.2
214.5
2,302.6
367.0
1,482.0
129.7
1,352.4
10.5
110.2
88.7
123.0
218.9
3,005.0
696.2
482.9
213.3
2,308.8
368.7
1,487.7
129.6
1,358.1
331.0
10.7
110.7
87.4
120.3
215.3
3,008.5
699.3
484.4
214.9
2,309.1
369.6
1,485.4
129.0
1,356.4
331.1
11.3
111.7
96.5
121.5
211.7
3,012.8
697.6
483.2
214.4
2,315.2
370.5
1,490.0
128.8
1,361.2
329.8
11.8
113.1
101.5
119.5
229.4
Seasonall { adjusted
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Assets
Bank credit
Securities in bank credit
Treasury and Agency securities2 . .
Other securities
Loans and leases in bank credit3 . . . .
Commercial and industrial
Real estate
Revolving home equity
Other
Consumer
Security4
Other loans and leases
Interbank loans
Cash assets5
Other assets6
16 Total assets7
17
18
19
20
21
22
23
24
25
26
Liabilities
Deposits
Transaction
Non transaction
Large time
Other
Borrowings
From banks in the U.S
From others
Net due to related foreign offices
Other liabilities
27 Total liabilities
28 Residual (assets less liabilities)5
2,721.4
715.0
497.2'
217.9'
2,006.3
327.7'
1,255.0
116.1
1,139.0
312.5
7.9
103.1
79.8
112.1
174.5
2,927.4
716.2
494.1'
222.1'
2,211.2
353.1'
1,416.1
134.6
1,281.5
328.6
8.9
104.5
76.0
117.0
198.3
2,950.1
716.2
493.5'
222.7'
2,233.9
356.5'
1,430.5
135.8
1,294.7
2,960.6'
711.3
489.8'
221.5'
2,249.3'
359.7'
1,437.7'
135.1
1,302.6'
2,954.0
703.7
488.5
215.2
2,250.3
359.7
1,447.2
131.7
1,315.5
2,966.1
699.9
486.0
214.0
2,266.2
363.8
1,453.9
132.6
1,321.3
2,973.4
693.0
482.3
210.7
2,280.3
363.6
1,468.8
132.2
1,336.6
9.3
106.1'
82.2
118.9
198.3
10.1
108.6'
87.5
121.0
201.5
10.5
109.0
93.6
118.9
200.4
10.9
110.4
101.5
117.1
203.2
10.4
109.4
87.9
116.1
208.6
3,008.2
698.4
483.7
214.8
2,309.7
369.6
1,486.8
129.0
1,357.8
330.4
11.2
111.9
95.2
120.5
224.2
3,055.4
3,285.4
3,315.8
3,336.7
3,333.3
3,353.9
3,351.6
3,413.7
3,394.3
3,393.4
3,403.5
3,428.6
2,339.4
336.3
2,003.1
362.6
1,640.5
483.1
159.1
324.0
11.8
73.0
2,477.5
346.0
2,131.5
409.1
1,722.4
511.2
165.9
345.3
13.5
71.1
2,497.5
357.5
2,140.1
416.0
1,724.1
517.1
164.6
352.5
14.1
72.9
2,512.9
349.3
2,163.6'
420.8'
1,742.7'
527.5
168.1
359.5
13.3
73.7
2,516.8
344.7
2,172.1
430.5
1,741.6
515.3
164.8
350.5
15.5
73.0
2,532.3
352.2
2,180.1
436.3
1,743.8
517.9
169.8
348.1
13.5
74.1
2,526.6
336.9
2,189.7
432.6
1,757.1
514.5
164.4
350.1
14.1
73.7
2,549.4
341.7
2,207.7
439.7
1,768.0
524.4
169.4
355.0
18.6
77.9
2,554.1
321.9
2,232.2
435.4
1,796.8
512.1
164.1
348.0
18.6
75.5
2,551.4
325.8
2,225.6
438.9
1,786.6
517.1
166.0
351.1
19.1
74.0
2,551.5
338.4
2,213.2
439.1
1,774.0
528.9
170.0
358.9
17.5
75.3
2,547.2
358.6
2,188.5
440.9
1,747.6
531.6
175.1
356.5
18.0
81.3
2,907.4
3,073.3
3,101.7
3,127.4
3,120.7
3,137.7
3,128.9
3,170.3
3,160.3
3,161.7
3,173.2
3,178.0
148.0
212.2
214.1
209.3
212.6
216.2
222.7
243.4
233.9
231.8
230.4
250.6
Not seasonally adjusted
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
Assets
Bank credit
Securities in bank credit
Treasury and Agency securities2 . .
Other securities
Loans and leases in bank credit3 . . . .
Commercial and industrial
Real estate
Revolving home equity
Other
Other residential
Commercial
Consumer
Credit cards and related plans . .
Other
Security4
Other loans and leases
Interbank loans
Cash assets5
Other assets6
48 Total assets7
49
50
51
52
53
54
55
56
57
58
Liabilities
Deposits
Transaction
Non transaction
Large time
Other
Borrowings
From banks in the U.S
From others
Net due to related foreign offices
Other liabilities
59 Total liabilities
60 Residual (assets less liabilities)5
Footnotes appear on p. 21.
2 725 8
715.1
497.3'
217.9'
2,010.6
327.1
1,255.8
115.6
1,140.2
439.4'
700.8'
319.1
161.8
157.2
7.7
101.0
76.4
113.2
174.5
2 917 4
714.1
492.0'
222.1'
2,203.3
353.3'
1,410.6
134.8
1,275.8
503.6'
772.3'
324.6
163.3
161.3
8.8
105.9
73.5
117.0
198.3
2,947.2
714.6
491.9'
222.7'
2,232.6
354.5'
1,430.8
136.1
1,294.7
511.6'
783.1'
329.9
165.9
163.9
9.4
108.1'
81.6
117.1
198.3
2,966.5
711.0'
489.5'
221.5'
2,255.6'
357.6'
1,443.8
135.9
1,308.0'
513.2'
794.8'
333.6
168.3
165.3
10.0
110.5'
85.9
122.3'
201.5
2,963.6
702.4
487.1
215.2
2,261.2
358.9
1,455.6
132.4
1,323.2
516.0
807.2
326.1
161.0
165.1
10.5
110.1
94.7
120.4
200.4
2,984.4
700.2
486.2
214.0
2,284.3
362.5
1,468.4
132.5
1,335.9
519.8
816.1
331.3
166.9
164.4
11.1
111.0
103.2
121.0
203.2
2,993.7
696.9
486.1
210.7
2,296.8
363.7
1,476.9
131.8
1,345.1
519.0
826.1
336.1
172.0
164.1
10.4
109.7
87.5
120.9
208.6
3,012.8
698.5
483.8
214.8
2,314.2
368.8
1,487.7
128.5
1,359.2
523.4
835.9
337.2
171.1
166.1
10.8
109.6
91.3
121.9
224.2
3,007.3
697.7
483.3
214.5
2,309.6
367.5
1,482.3
128.7
1,353.6
522.3
831.2
339.2
175.0
164.2
10.5
110.2
88.3
136.3
218.9
3,009.9
697.9
484.6
213.3
2,312.0
367.6
1,487.6
128.8
1,358.8
525.9
832.9
337.1
172.2
164.8
10.6
109.1
87.2
118.2
215.3
3,014.0
699.5
484.6
214.9
2,314.5
368.6
1,486.8
128.6
1,358.2
522.2
835.9
338.5
172.5
166.0
11.0
109.6
92.9
128.4
211.7
3,015.2
696.6
482.2
214.4
2,318.6
369.5
1,491.6
128.5
1,363.1
525.1
838.0
337.3
171.0
166.3
10.9
109.2
91.0
115.3
229.4
3,057.6
3,273.0
3,310.6
3,342.4'
3,345.5
3,377.8
3,376.3
3,415.6
3,416.2
3,396.0
3,412.4
3,416.2
2,334.4
340.1
1,994.3
362.6
1,631.6
483.1
159.1
324.0
11.8
73.0
2,470.5
345.7
2,124.7
409.1
1,715.6
511.2
165.9
345.3
13.5
71.1
2,493.5
353.2
2,140.3
416.0
1,724.3
517.1
164.6
352.5
14.1
72.9
2,511.7
347.6
2,164.1
420.8'
1,743.3'
527.5
168.1
359.5
13.3
73.7
2,519.0
346.0
2,173.0
430.5
1,742.5
515.3
164.8
350.5
15.5
73.0
2,544.5
355.6
2,188.9
436.3
1,752.6
517.9
169.8
348.1
13.5
74.1
2,539.5
349.5
2,189.9
432.6
1,757.3
514.5
164.4
350.1
14.1
73.7
2,543.6
345.5
2,198.1
439.7
1,758.4
524.4
169.4
355.0
18.6
77.9
2,573.8
343.1
2,230.7
435.4
1,795.3
512.1
164.1
348.0
18.6
75.5
2,552.6
329.3
2,223.3
438.9
1,784.4
517.1
166.0
351.1
19.1
74.0
2,551.7
346.2
2,205.5
439.1
1,766.4
528.9
170.0
358.9
17.5
75.3
2,519.7
352.5
2,167.2
440.9
1,726.3
531.6
175.1
356.5
18.0
81.3
2,902.3
3,066.3
3,097.7
3,126.3'
3,122.9
3,150.0
3,141.8
3,164.5
3,180.1
3,162.9
3,173.3
3,150.6
155.2
206.7
212.9
222.7
227.8
234.5
251.1
236.2
233.1
239.1
265.7
216.1
20
Federal Reserve Bulletin Statistical Supplement • February 2006
1.26
COMMERCIAL BANKS IN THE UNITED STATES
E. Foreign-related institutions
Assets and Liabilities' —Continued
Billions of dollars
Wednesd ay figures
Monthly averages
Jan.
July
Aug.
Sept.
2006
2006
2005
2005
Account
Oct.
Nov.
Dec.
Jan.
Jan. 4
Jan.11
Jan. 18
Jan. 25
Seasonall 1 adjusted
1
2
3
4
5
6
7
8
9
10
11
12
Assets
Bank credit
Securities in bank credit
Treasury and Agency securities2 . .
Other securities
Loans and leases in bank credit3 . . . .
Commercial and industrial
Real estate
Security4
Other loans and leases
Interbank loans
Cash assets5
Other assets'"
13 Total assets7
14
15
16
17
18
19
20
21
Liabilities
Deposits
Transaction
Nontransaction
Borrowings
From banks in the U.S
From others
Net due to related foreign offices
Other liabilities
22 Total liabilities
5
23 Residual (assets less liabilities)
673.8
308.2
86.1
222.1
365.6
144.1
18.3
101.5
101.7
45.2
65.7
30.7
744.4
325.4
85.9
239.5
419.0
160.7
16.6
129.1
112.6
51.0
60.6
36.4
767.7
332.2
85.1
247.1
435.5
164.7
15.9
141.7
113.2
48.5
61.4
36.7
781.6
347.9
85.7
262.2
433.7
164.3
15.4
138.2
115.8
49.6
59.8
40.2
793.8
356.3
82.6
273.6
437.6
164.4
19.9
137.3
115.9
47.2
56.3
39.1
805.5
359.7
81.6
278.1
445.8
164.9
20.6
137.5
122.8
45.6
54.4
40.8
807.1'
351.3
77.9
273.5'
455.8'
168.9'
20.6
140.0
126.4
41.1
50.2
38.0'
805.0
340.1
71.6
268.6
464.9
174.6
20.2
140.1
130.0
40.5
50.3
35.8
788.0
338.8
71.5
267.4
449.2
171.4
20.6
131.7
125.5
37.2
49.6
36.9
797.6
335.8
69.0
266.8
461.7
172.6
20.6
139.0
129.6
41.7
50.6
34.2
802.1
339.1
69.0
270.1
463.0
173.7
20.3
139.8
129.2
38.2
51.1
35.1
820.4
348.6
73.4
275.1
471.9
177.0
20.4
142.4
132.0
45.6
49.5
36.4
814.9
892.0
913.9
930.7
936.0
945.9
936.1'
931.2
911.2
923.6
926.1
951.5
565.0
11.8
553.1
347.9
46.4
301.5
-197.2
92.1
580.0
11.7
568.3
367.7
48.4
319.4
-153.7
95.1
621.3
12.4
608.9
386.7
53.3
333.4
-194.7
96.5
624.0
12.0
612.0
380.7
51.0
329.6
-182.7
106.7
630.3
11.7
618.6
379.5
50.6
328.8
-178.7
113.9
612.4
12.1
600.3
406.7
59.0
347.7
-181.9
115.4
602.8
12.3
590.5
420.4
59.8
360.6
-190.6'
110.2
606.3
12.8
593.4
425.9
63.3
362.7
-207.9
100.2
601.2
12.6
588.6
411.0
55.4
355.6
-198.9
98.8
610.7
13.3
597.3
420.2
62.1
358.1
-214.9
101.0
609.0
12.5
596.5
424.2
63.2
361.0
-206.0
96.8
613.5
13.2
600.4
428.4
67.1
361.3
-206.0
100.6
807.7
889.0
909.7
928.6
945.0
952.6
942.8r
924.4
912.1
916.9
924.1
936.5
7.2
2.9
4.1
2.0
-9.0
-6.7
-6.8
6.8
-.9
6.8
2.0
15.0
Not seasona lly adjusted
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Assets
Bank credit
Securities in bank credit
Treasury and Agency securities2 . .
Trading account
Investment account
Other securities
Trading account
Investment account
Loans and leases in bank credit3 . . . .
Commercial and industrial
Real estate
Security4
Other loans and leases
Interbank loans
Cash assets5
Other assets'"
40 Total assets7
41
42
43
44
45
46
47
48
Liabilities
Deposits
Transaction
Nontransaction
Borrowings
From banks in the U.S
From others
Net due to related foreign offices
Other liabilities
49 Total liabilities
50 Residual (assets less liabilities)5
Footnotes appear on p. 21.
676.2
308.2
86.1
30.5
55.7
222.1
114.8
107.3
368.0
144.7
18.3
104.5
100.5
45.2
65.2
32.8
741.3
325.4
85.9
26.8
59.1
239.5
132.1
107.4
415.9
159.8
16.6
125.6
113.9
51.0
59.9
35.4
758.8
332.2
85.1
26.0
59.2
247.1
137.7
109.3
426.6
163.0
15.9
133.2
114.5
48.5
61.5
36.3
774.7
347.9
85.7
25.9
59.9
262.2
152.1
110.1
426.9
162.7
15.4
132.1
116.7
49.6
61.0
38.5
790.0
356.3
82.6
23.2
59.5
273.6
162.4
111.2
433.7
162.4
19.9
136.1
115.4
47.2
57.4
38.0
806.1
359.7
81.6
23.3
58.3
278.1
164.3
113.8
446.4
164.1
20.6
141.4
120.3
45.6
54.4
40.0
813.4'
351.3
77.9
20.0
57.9
273.5'
163.4
110.0
462.1'
170.0'
20.6
146.5
125.0
41.1
52.1
38.6'
808.4
340.1
71.6
17.7
53.9
268.6
162.6
106.0
468.2
175.4
20.2
144.2
128.5
40.5
50.0
38.2
792.2
338.8
71.5
16.0
55.4
267.4
161.8
105.6
453.3
173.7
20.6
133.0
126.1
37.2
50.5
37.9
798.6
335.8
69.0
14.1
54.8
266.8
161.2
105.7
462.8
173.3
20.6
140.8
128.1
41.7
50.4
36.7
808.4
339.1
69.0
15.5
53.5
270.1
160.8
109.3
469.4
174.5
20.3
146.7
127.9
38.2
50.9
37.4
822.0
348.6
73.4
20.1
53.3
275.1
165.6
109.5
473.5
177.2
20.4
146.5
129.3
45.6
48.7
39.0
819.0
887.2
904.6
923.3
932.1
945.7
944.8r
936.6
917.2
926.9
934.5
954.9
572.3
12.2
560.1
347.9
46.4
301.5
-196.4
92.6
578.4
11.7
566.8
367.7
48.4
319.4
-155.6
93.8
612.6
12.2
600.3
386.7
53.3
333.4
-194.3
96.8
612.7
12.2
600.5
380.7
51.0
329.6
-180.9
108.1
609.5
11.8
597.7
379.5
50.6
328.8
-175.9
116.2
597.4
12.0
585.5
406.7
59.0
347.7
-179.0
117.8
599.3'
12.8
586.5'
420.4
59.8
360.6
-189.0'
111.3
614.1
13.2
600.9
425.9
63.3
362.7
-207.0
100.8
600.6
13.4
587.2
411.0
55.4
355.6
-197.2
100.0
616.9
13.6
603.3
420.2
62.1
358.1
-214.3
101.4
615.8
13.0
602.7
424.2
63.2
361.0
-205.4
97.2
625.7
13.3
612.4
428.4
67.1
361.3
-203.9
102.0
816.4
884.4
901.8
920.5
929.2
942.9
941.9'
933.8
914.4
924.1
931.7
952.1
2.6
2.8
2.8
2.8
2.8
2.8
2.8
2.8
2.8
2.8
2.8
2.8
Commercial Banking Institutions—Assets and Liabilities
1.26
COMMERCIAL BANKS IN THE UNITED STATES
F. Memo items
21
Assets and Liabilities' —Continued
Billions of dollars
Wednesday figures
Monthly averages
Account
2005
Jan.
2005
July
Aug.
Sept.
2006
2006
Oct.
Nov.
Dec'
Jan.
Jan. 4
Jan.11
Jan. 18
Jan. 25
Not seasonally adjusted
MEMO
1
2
3
4
5
6
7
8
9
10
Large domestically chartered banks,
adjusted for mergers
Revaluation gains on off-balance-sheet
items9
Revaluation losses on off-balancesheet items9
Mortgage-backed securities10
Pass-through
CMO, REMIC, and other
Net unrealized gains (losses) on
available-for-sale securities"
Securitized consumer loans12
Credit cards and related plans
Other
Securitized business loans12
93.1
86.9
89.7
92.5
90.2'
91.0'
85.5
90.5
89.5
89.8
89.8
90.9
83.7
529.0
410.7
118.3
77.3
544.3
418.8
125.5
79.7
543.3
416.3
127.0
83.3
545.4
416.5
128.9
82.2
545.1
414.5
130.6
80.6'
548.8
414.9
134.0
76.5
550.7
415.3
135.4
82.0
558.8
426.5
132.3
79.9
549.7
416.9
132.8
82.6
544.9
411.9
133.0
80.5
568.7
434.8
133.9
82.0
565.6
432.9
132.6
3.7
156.5'
136.6
19.9'
6.3
1.8
150.8'
129.5
21.2'
4.9
-.3
151.4'
130.7
20.7'
4.0
-2.6
151.3'
130.8
20.5'
3.3
-8.2
152.1'
131.8
20.2'
3.2
-10.4
155.9'
133.3
22.5'
3.1
-9.1
164.6
135.0
29.6
3.0
-7.6
163.0
134.5
28.4
3.0
-6.7
166.8
136.8
30.0
3.0
-7.8
164.1
136.0
28.1
3.0
-6.3
161.2
133.2
28.0
3.0
-7.7
161.6
133.1
28.5
3.0
333.9
222.2
214.9
7.3
338.6
212.4
202.5
9.9
338.6
212.1'
202.2'
9.9
334.6
211.8'
201.9'
9.9
330.7
201.9'
192.0'
9.9
328.9
198.1'
188.2'
9.8
328.7
203.1
193.3
9.8
332.4
202.0
192.3
9.7
332.4
201.9
192.1
9.8
332.4
201.8
192.0
9.8
333.0
201.1
191.5
9.7
330.4
201.3
191.6
9.6
54.4
54.9
56.8
65.9
70.7
71.5
66.8
61.2
61.4
60.6
60.3
62.6
61.9
.2
62.9
63.2
.2
72.7
.2
78.0
79.9
.2
74.5
67.9
.1
67.8
.2
68.9
67.3
68.0
.2
Small domestically chartered
commercial banks, adjusted for
yyi ^v^ers
10
11
securities
12 Mortgage-backed
Securitized consumer
loans12
13
Credit cards and related plans
14
Other
Foreign-related institutions
15 Revaluation gains on off-balancesheet items9
16 Revaluation losses on off-balancesheet items9
17 Securitized business loans12
2
NOTES: 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," which
is available at www.federalreserve.gov/releases. 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 Statistical
Supplement. 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 mergeradjusted 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.
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 reelassifications of
assets and liabilities.
The data for large and small domestic banks presented on pp. 17-19 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
2
2
2
2. Treasury securities are liabilities of the U.S. Treasury. Agency securities are liabilities of
U.S. government agencies and U.S. government-sponsored enterprises.
3. 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."
4. Consists of reverse RPs with brokers and dealers and loans to purchase and carry
securities.
5. Includes vault cash, cash items in process of collection, balances due from depository
institutions, and balances due from Federal Reserve Banks.
6. Excludes the due-from position with related foreign offices, which is included in "Net
due to related foreign offices."
7. Excludes unearned income, reserves for losses on loans and leases, and reserves for
transfer risk. Loans are reported gross of these items.
8. 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.
9. 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.
The fair market value of derivative contracts in a gain position is included in "Other
securities, trading account." The fair value of derivative contracts in a loss position is
included in "Other liabilities."
10. Includes mortgage-backed securities issued by U.S. government agencies, U.S.
government-sponsored enterprises, and private entities.
11. Difference between fair value and historical cost for securities classified as availablefor-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.
12. Total amount outstanding.
22
1.32
Federal Reserve Bulletin Statistical Supplement • February 2006
COMMERCIAL PAPER OUTSTANDING
Millions of dollars, seasonally adjusted, end of period
Year ending December
2005
Item
2000
2001
2002
2003
2004
May
June
July
Aug.
Sept.
Oct.
1 All issuers
1,619,274
1,458,870
1,347,997
1,265,351
1,387,807
1,503,470
1,537,820
1,543,702
1,580,335
1,605,457
1,620,157
2 Financial companies'
3 Nonfinancial companies2
1,275,841
343,433
1,234,023
224,847
1,193,950
154,047
1,160,317
105,034
1,268,158
119,649
1,353,098
150,373
1,405,057
132,763
1,405,916
137,786
1,441,129
139,206
1,467,324
138,133
1,464,384
155,773
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.
1.33
PRIME RATE CHARGED BY BANKS
2. Includes public utilities and firms engaged primarily in such activities as communications, construction, manufacturing, mining, wholesale and retail trade, transportation, and
services.
Short-Term Business Loans1
Percent per year
Date of change
2001—Jan.
Feb.
Mar.
Apr
May
June
Aug.
Sept.
Oct.
Nov.
Dec.
Rate
4
1
21
19
16
28
22
18
3
7
12
9.00
8.50
8.00
7 50
7.00
6.75
6.50
6.00
5.50
5.00
4.75
2002—Nov. 7
4.25
2003—June 27
4.00
2004—June
Aug.
Sept.
Nov.
Dec.
30
10
21
10
14
4.25
4.50
4.75
5.00
5.25
2005—Feb.
Mar.
May
June
Aug.
Sept.
Nov.
Dec.
2
22
3
30
9
20
1
13
5.50
5.75
6.00
6.25
6.50
6.75
7.00
7.25
Period
Average
rate
2002
2003
2004
2005
4.67
4.12
4.34
6.19
2003—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
4.25
4.25
4.25
4.25
4.25
4.22
4.00
4.00
4.00
4.00
4.00
4.00
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
Period
2004—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Average
rate
4.00
4.00
4.00
4.00
4.00
4.01
4.25
4.43
4.58
4.75
4.93
5.15
Period
2005—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Average
rate
5.25
5.49
5.58
5.75
5.98
6.01
6.25
6.44
6.59
6.75
7.00
7.15
Report. Data in this table also appear in the Board's H.I 5 (519) weekly statistical release,
available on the Board's website, www.federalreserve.gov/releases.
Financial Markets
1.35
INTEREST RATES
23
Money and Capital Markets
Percent per year; figures are averages of business day data unless otherwise noted
2005
Item
2002
2003
2005, week ending
2004
Aug.
Sept.
Oct.
Nov.
Oct. 28
Nov. 4
Nov. 11
Nov. 18
Nov. 25
MONEY MARKET INSTRUMENTS
1 Federal funds1-13
2 Discount window primary credit2-4
1.67
n.a.
1.13
n.a.
1.35
2.34
3.50
4.44
3.62
4.59
3.78
4.75
4.00
5.00
3.76
4.75
3.94
4.82
4.00
5.00
3.98
5.00
4.00
5.00
paper3'5'6
Commercial
3
4
5
Nonfinancial
1-month
2-month
3-month
1.67
1.67
1.69
1.11
1.11
1.11
1.38
1.40
1.41
3.47
3.53
3.64
3.64
3.67
3.72
3.84
3.90
4.01
4.01
4.07
4.23
3.95
3.99
4.05
3.99
4.05
n.a.
3.98
4.04
n.a.
3.98
4.09
n.a.
4.06
4.12
4.23
6
7
8
Financial
1-month
2-month
3-month
1.68
1.69
1.70
1.12
1.13
1.13
1.41
1.46
1.52
3.50
3.60
3.69
3.69
3.74
3.79
3.88
3.96
4.05
4.04
4.16
4.23
3.97
4.03
4.12
4.01
4.10
4.16
3.99
4.13
4.20
4.03
4.16
4.23
4.07
4.21
4.27
Certificates of deposit, secondary market3-1
1-month
3-month
6-month
1.72
1.73
1.81
1.15
1.15
1.17
1.45
1.57
1.74
3.56
3.77
3.99
3.74
3.87
4.01
3.95
4.13
4.32
4.11
4.31
4.52
4.03
4.19
4.38
4.05
4.24
4.46
4.06
4.27
4.50
4.09
4.32
4.53
4.15
4.35
4.54
12 Eurodollar deposits, 3-month3>s
1.73
1.14
1.55
3.74
3.85
4.13
4.34
4.21
4.26
4.30
4.35
4.38
US Treasury bills
Secondary market3-5
13
4-week
14
3-month
15
6-month
1.60
1.61
1.68
1.00
1.01
1.05
1.24
1.37
1.58
3.28
3.44
3.66
3.16
3.42
3.67
3.44
3.71
3.99
3.84
3.88
4.15
3.60
3.82
4.07
3.72
3.87
4.12
3.81
3.88
4.16
3.91
3.92
4.17
3.87
3.87
4.13
2.00
2.64
3.10
3.82
4.30
4.61
5.43
1.24
1.65
2.10
2.97
3.52
4.01
4.96
1.89
2.38
2.78
3.43
3.87
4.27
5.04
3.87
4.04
4.08
4.12
4.18
4.26
4.53
3.85
3.95
3.96
4.01
4.08
4.20
4.51
4.18
4.27
4.29
4.33
4.38
4.46
4.74
4.33
4.42
4.43
4.45
4.48
4.54
4.83
4.26
4.35
4.37
4.42
4.47
4.55
4.82
4.32
4.44
4.46
4.51
4.55
4.61
4.89
4.35
4.46
4.50
4.52
4.55
4.60
4.89
4.36
4.43
4.45
4.46
4.48
4.52
4.81
4.30
4.35
4.35
4.36
4.39
4.45
4.77
4.87
5.64
5.04
4.52
5.20
4.75
4.50
5.09
4.68
4.33
4.94
4.32
4.34
4.87
4.29
4.49
4.99
4.49
4.42
4.96
4.57
4.48
4.99
4.56
4.50
5.01
4.63
4.43
4.97
4.61
4.38
4.93
4.52
4.36
4.92
4.51
7.10
6.24
6.00
5.43
5.47
5.72
5.80
5.79
5.86
5.85
5.77
5.74
6.49
6.93
7.18
7.80
5.66
6.14
6.38
6.76
5.63
5.91
6.08
6.39
5.09
5.20
5.48
5.96
5.13
5.24
5.50
6.03
5.35
5.47
5.75
6.30
5.42
5.55
5.83
6.39
5.41
5.54
5.83
6.38
5.48
5.61
5.90
6.44
5.47
5.60
5.88
6.43
5.39
5.53
5.81
6.37
5.35
5.50
5.78
6.35
1.61
1.72
1.66
2.00
2.00
1.77
1.77
1.78
1.75
1.75
1.78
1.76
9
10
11
U.S. TREASURY NOTES AND BONDS
16
17
18
19
20
21
22
Constant maturities''
1 -year
2-year
3-year
5-year
7-year
10-year
20-year
STATE AND LOCAL NOTES AND BONDS
Moody's series10
23 Aaa
24 Baa
25 Bond Buyer series"
CORPORATE BONDS
26 Seasoned issues, all industries12
27
28
29
30
Rating group
Aaa13
Aa
A
Baa
MEMO
Dividend-price ratio14
31 Common stocks
NOTE: Some of the data in this table also appear in the Board's H.I 5 (519) weekly
statistical release, available at www.federalreserve.gov/releases.
1. The daily effective federal funds rate is a weighted average of rates on trades through
New York brokers.
2. Weekly figures are averages of seven calendar days, ending on Wednesday of the
current week; monthly figures include each calendar day in the month.
3. Annualized using a 360-day year or bank interest.
4. The rate charged for discounts made and advances extended under the Federal Reserve's primary credit discount window program, which became effective January 9, 2003.
This rate replaces that for adjustment credit, which was discontinued after January 8, 2003.
For further information, see www.federalreserve.gov/boarddocs/press/bcreg/2002/200210312/
default.htm. The rate reported is that for the Federal Reserve Bank of New York. Historical
series for the rate on adjustment credit is available at www.federalreserve.gov/releases/hl5/
data.htm.
5. Quoted on a discount basis.
6. Interest rates interpolated from data on certain commercial paper trades settled by the
Depository Trust Company. The trades represent sales of commercial paper by dealers or
direct issuers to investors (that is, the offer side). See the Board's Commercial Paper
webpages (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. General obligation bonds based on Thursday figures; Moody's Investors Service.
11. State and local government general obligation bonds maturing in twenty years are used
in compiling this index. The twenty-bond index has a rating roughly equivalent to Moody's
Al rating. Based on Thursday figures.
12. Daily figures are averages of Aaa, Aa, A, and Baa yields from Moody's Investors
Service. Based on yields to maturity on selected long-term bonds.
13. Effective December 7, 2001, the Moody's Aaa yield includes yields only for industrial
firms. Prior to December 7, 2001, the Aaa yield represented both utilities and industrial.
14. Standard & Poor's corporate series. Common stock ratio is based on the 500 stocks in
the price index.
SOURCE: U.S. Department of the Treasury.
24
Federal Reserve Bulletin Statistical Supplement • February 2006
1.36
STOCK MARKET
Selected Statistics
2005
Indicator
2003
2004
2005
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Pr ces and trac ng volume (averages of daily figures)
Common stock prices (indexes)
1 New York Stock Exchange
(Dec. 31.1965 = 50)
5.456.00
634.11
437.37
238.05
566.74
6,614.10
741.19
521.11
271.45
657.07
7,351.19
n.a.
n.a.
n.a.
n.a.
7,077.97
n.a.
n.a.
n.a.
n.a.
7,094.02
n.a.
n.a.
n.a.
n.a.
7,238.96
n.a.
n.a.
n.a.
n.a.
7,389.23
n.a.
n.a.
n.a.
n.a.
7,482.93
n.a.
n.a.
n.a.
n.a.
7,584.49
n.a.
n.a.
n.a.
n.a.
7,373.23
n.a.
n.a.
n.a.
n.a.
7,585.75
n.a.
n.a.
n.a.
n.a.
7,787.22
n.a.
n.a.
n.a.
n.a.
6 Standard & Poor's Corporation
(1941^3 - 10)'
965.23
1,130.65
1,207.23
1,164.42
1,178.28
1,202.25
1,222.24
1,224.27
1,225.91
1,191.96
1,237.37
1,262.07
7 American Stock Exchange
(Aug. 31, 1973 = 50)2
943.44
1,260.02
1,567.52
1,453.79
1,455.72
1,529.76
1,556.30
1,625.17
1,711.66
1,640.08
1,694.64
1,752.65
3
4
5
Transportation
Utility
Finance
Volume of trading (thousands of shares)
1 361 043 1 403 376 1 542 724 1 643 376 1 452 615 1 405 330 1 430 294 1 387 088 1 626 430 1 779 200 1 576 379 1 508 647
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
9 American Stock Exchange
Customer financing (millions of dollars, end-of-period balances)
10 Margin credit at broker-dealers
Free credit balances at brokers4
11 Margin accounts5
3
173,220
203,790
221,660
194,160
196,270
200,500
210,940
208,660
217,760
212,540
219,020
221,660
92,560
84,920
117,850
93,580
119,710
88,730
97,450
74,720
99,480
72,690
105,550
76,380
99,000
74,130
99,050
75,910
106,730
79,310
113,110
77,550
110,610
78,330
119,710
88,730
Margin requirements (percent of market value and effective date)6
14 Convertible bonds
Mar. 11, 1968
June 8, 1968
May 6, 1970
Dec. 6, 1971
Nov. 24, 1972
Jan. 3, 1974
70
50
70
80
60
80
65
50
65
55
50
55
65
50
65
50
50
50
1. In July 1976 a financial group made up of banks and insurance companies was added to
the group of stocks on which the index is based. The index is now based on 400 industrial
stocks (formerly 425), 20 transportation (formerly 15 rail), 40 public utility (formerly 60), and
40 financial.
2. On July 5, 1983, the American Stock Exchange rebased its index, effectively cutting
previous readings in half.
3. Since July 1983, under the revised Regulation T, margin credit at broker-dealers has
included credit extended against stocks, convertible bonds, stocks acquired through the
exercise of subscription rights, corporate bonds, and government securities. Separate reporting of data for margin stocks, convertible bonds, and subscription issues was discontinued in
April 1984.
4. Free credit balances are amounts in accounts with no unfulfilled commitments to
brokers and are subject to withdrawal by customers on demand.
5. Series initiated in June 1984.
6. Margin requirements, stated in regulations adopted by the Board of Governors pursuant
to the Securities Exchange Act of 1934, limit the amount of credit that can be used to
purchase and carry "margin securities" (as defined in the regulations) when such credit is
collateralized by securities. Margin requirements on securities are the difference between the
market value (100 percent) and the maximum loan value of collateral as prescribed by the
Board. Regulation T was adopted effective Oct. 15, 1934; Regulation U, effective May 1,
1936; Regulation G, effective Mar. 11, 1968; and Regulation X, effective Nov. 1, 1971.
On Jan. 1, 1977, the Board of Governors for the first time established in Regulation T the
initial margin required for writing options on securities, setting it at 30 percent of the current
market value of the stock underlying the option. On Sept. 30, 1985, the Board changed the
required initial margin, allowing it to be the same as the option maintenance margin required
by the appropriate exchange or self-regulatory organization; such maintenance margin rules
must be approved by the Securities and Exchange Commission.
Federal Finance
1.40
25
FEDERAL DEBT SUBJECT TO STATUTORY LIMITATION
Billions of dollars, end of month
2003
1 Federal debt outstanding
....
2 Public debt securities
3
Held by public
4
Held by agencies
5 Agency securities
6
Held by public
7
Held by agencies
Sept. 30
Dec. 31
Mar. 31
June 30
Sept. 30
Dec. 31
Mar. 31
June 30
Sept. 30
6,810.3
7,023.4
7,156.2
7,298.6
7,403.2
7,620.4
7,801.0
7,860.2
7,956.3
6,783.2
3,923.9
2,859.3
6,998.0
4,044.1
2,954.5
7,131.1
4,176.7
2,954.4
7,274.3
4,218.7
3,055.6
7,379.0
4,303.4
3,075.7
7,596.1
4,406.4
3,189.8
7,776.9
4,572.4
3,204.5
7,836.5
4,527.6
3,308.9
7,932.7
4,601.6
3,331.1
27.0
27.0
.0
25.4
24.9
.5
25.1
25.1
.0
24.2
24.2
.0
24.2
23.7
.4
24.3
23.9
.4
24.1
24.1
23.7
23.7
23.6
23.6
7,535.6
7,715.5
7,778.1
7,871.0
6,737.3
.3
6,952.6
.3
7,088.5
.1
7,229.2
.1
7,333.2
.2
7,535.5
.2
7,715.4
7,778.0
7,870.9
7,384.0
7,384.0
7,384.0
7,384.0
7,384.0
8 Debt subject to statutory limit
9 Public debt securities
10 Other debt1
MEMO
11 Statutory debt limit
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.
1.41
GROSS PUBLIC DEBT OF U.S. TREASURY
SOURCE: U.S. Department of the Treasury, Monthly Statement of the Public Debt of the
United States and Monthly Treasury Statement.
Types and Ownership
Billions of dollars, end of period
Type and holder
1 Total gross public debt
2
3
4
5
6
7
8
9
10
11
12
13
14
15
By type
Interest-bearing
Marketable
Bills
Notes
Bonds
Inflation-indexed notes and bonds'
Nonmarketable2
State and local government series .
Foreign issues3
Government
Public
Savings bonds and notes
Government account series4
Non-interest-bearing
By holder^
16 U.S. Treasury and other federal agencies and trust funds
17 Federal Reserve Banks8
18 Private investors
19
Depository institutions
20
Mutual funds
21
Insurance companies
22
State and local treasuries7
Individuals
23
Savings bonds
24 Pension funds
25
Private
26
State and Local
27
Foreign and international5
28
Other miscellaneous investors7'9
Q4
Ql
Q2
Q3
7,759.9
7,818.0
4,103.7
1,059.1
4,031.0
7,913.7
4,084.8
914.3
2,328.7
520.6
5,943.4
6,405.7
6,998.0
7,596.1
5,930.8
2,982.9
6,391.4
6,982.0
3,205.1
3,575.1
7,578.5
3,959.7
7,578.5
3,959.7
811.3
1,413.9
888.8
1,580.8
588.7
146.9
3,186.3
928.8
1,905.7
564.3
1,003.2
2,157.1
1,003.2
2,157.1
539.5
245.9
3,618.8
539.5
245.9
3,618.8
160.7
160.7
2,226.6
537.2
266.8
3,656.2
179.0
5.9
5.9
.0
5.9
5.9
.0
6.1
6.1
.0
602.7
140.1
2,947.9
176.2
923.4
2,273.0
529.9
290.6
3,787.0
206.7
3.0
3.0
.0
190.9
3,356.3
18.5
307.1
3,828.9
225.3
191.7
191.7
2,574.8
11.2
11.2
.0
184.8
2,806.9
3,406.9
149.2
9.7
9.7
.0
192.2
3,007.0
3,230.6
3,230.6
192.2
3,248.9
12.7
14.3
16.0
17.6
17.6
17.0
2,564.3
551.7
2,819.5
181.5
257.5
105.7
339.4
2 757.8
629.4
3,018.5
222.8
278.8
139.7
351.5
2,955.1
666.7
3,377.9
154.0
279.6
136.5
358.8
3,189.1
717.8
3,667.1
128.1
253.1
149.2
385.8
3,189.1
717.8
3,667.1
128.1
253.1
149.2
385.8
3,206.6
717.3
3,855.4
142.1
262.3
153.3
407.5
3,311.6
724.7
3,334.1
736.4
3,803.0
127.2
249.5
154.6
434.3
3,864.9
125.7
248.0
157.7
456.4
190.3
273.1
120.6
152.4
1,051.2
420.9
194.9
278.8
134.7
144.1
1,246.8
323.4
203.8
288.2
140.8
147.4
1,538.1
452.6
204.4
295.7
151.0
144.7
1,942.0
307.8
204.4
295.7
151.0
144.7
1,942.0
307.8
204.2
284.0
153.8
130.2
1,982.2
407.4
204.2
287.9
157.6
130.3
2,030.0
303.5
203.6
292.0
161.0
131.0
2,069.0
n.a.
146.3
15.4
15.4
181.5
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.
153.4
3.1
3.1
.0
190.0
3,380.6
19.0
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.
26
Federal Reserve Bulletin Statistical Supplement • February 2006
1.42
U.S. GOVERNMENT SECURITIES DEALERS
Transactions1
Millions of dollars, daily averages
2005
Item
By type of security
1 U.S. Treasury bills
Treasury coupon securities by maturity
2 Three years or less
3
More than three but less than or
equal to six years
4
More than six but less than or equal
to eleven years
5
More than eleven
6
Inflation-protected2
7
8
9
10
11
12
Federal agency and governmentsponsored enterprises
Discount notes
Coupon securities by maturity
Three years or less
More than three years but less than
or equal to six years
More than six years but less than
or equal to eleven years . . . .
More than eleven years
Mortgage-backed
Corporate securities
13
One year or less
14
More than one year
15
16
17
18
19
20
21
22
By type of counterparty
With interdealer broker
U.S. Treasury
Federal agency and governmentsponsored enterprises
Mortgage-backed
Corporate
With other
U.S. Treasury
Federal agency and governmentsponsored enterprises
Mortgage-backed
Corporate
Aug.
Sept.
2005, week end
Oct.
Oct. 5
Oct. 12
Oct. 19
Oct. 26
Nov. 2
Nov. 9
Nov. 16
Nov. 23
Nov. 30
46,692
48,222
46,415
44,525
47,504
49,990
42,377
47,622
45,865
57,476
44,988
60,596
175,112
220,589
204,917
219,786
197,255
193,255
206,995
216,234
194,666
173,816
197,060
198,106
140,448
153,022
145,700
130,152
156,849
157,871
141,252
133,514
149,146
173,942
131,352
115,186
120,808
27,748
7,250
132,689
36,839
10,028
131,141
40,459
11,108
115,810
33,244
8,236
119,907
35,415
8,922
130,966
41,283
14,065
143,912
46,949
11,549
140,460
42,207
11,233
160,114
43,794
9,840
175,724
47,808
6,721
128,301
43,437
10,123
112,125
47,042
9,268
61,082
63,458
67,327
67,493
67,014
69,903
59,470
76,382
68,261
72,713
67,949
65,400
6,867
8,719
8,775
10,090
5,746
13,541
6,334
7,623
5,836
5,950
5,018
5,027
4,232
4,555
3,738
3,942
3,318
3,126
3,366
5,737
4,160
3,381
7,221
2,716
1,904
472
3,683
518
3,720
496
2,524
635
1,551
376
6,136
352
3,386
522
4,337
716
3,195
548
2,713
408
1,381
744
1,338
297
242,035
248,093
245,930
255,738
402,132
202,414
181,457
207,837
482,379
255,602
177,825
159,680
169,031
20,143
181,661
20,067
177,065
21,036
179,621
19,067
168,349
19,035
173,991
21,120
177,193
23,901
191,041
20,758
171,824
20,121
183,416
18,733
178,828
21,309
152,672
18,903
214,364
251,259
236,001
221,327
234,037
236,819
241,565
242,654
247,511
256,750
231,413
218,579
4,679
58,914
399
6,238
56,360
492
6,157
57,114
734
5,511
49,006
553
4,638
86,864
574
7,251
54,754
803
5,432
44,660
903
8,211
50,248
729
5,169
96,029
646
5,480
61,350
554
4,566
51,110
495
4,075
31,677
455
303,694
350,130
343,739
330,425
331,815
350,610
351,470
348,617
355,916
378,738
323,849
323,745
69,877
183,121
188,776
74,694
191,733
201,236
77,900
188,816
197,368
79,173
206,732
198,135
73,366
315,268
186,810
85,806
147,660
194,308
67,646
136,797
200,191
86,585
157,589
211,070
76,831
386,350
191,299
79,686
194,252
201,596
77,747
126,715
199,642
70,704
128,003
171,120
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 website (www.ny.frb.org/markets/primarydealers.html)
under the Primary Dealer heading.
1. The figures represent purchases and sales in the market by the primary U.S. government
securities dealers reporting to the Federal Reserve Bank of New York. Outright transactions
include all U.S. government, federal agency, government-sponsored enterprise, mortgage-
backed, and corporate securities scheduled for immediate and forward delivery, as well as all
U.S. government securities traded on a when-issued basis between the announcement and
issue date. Data do not include transactions under repurchase and reverse repurchase (resale)
agreements. Averages are based on the number of trading days in the week.
2. Outright Treasury inflation-protected securities (TIPS) 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.
Federal Finance
1.43
U.S. GOVERNMENT SECURITIES DEALERS
27
Positions and Financing
Millions of dollars
2005, week ending
2005
Item, by type of security
Aug.
Sept.
Oct.
Oct. 5
Oct. 12
Oct. 19
Oct. 26
Nov. 2
Nov. 9
Nov. 16
Nov. 23
Net outright posit ons2
1 U.S. Treasury bills
Treasury coupon securities by maturity
Three years or less
More than three years but less than
or equal to six years
4
More than six but less than
or equal to eleven years
5
More than eleven
6
Inflation-protected
2
3
7
8
9
10
11
Federal agency and governmentsponsored enterprises
Discount notes
Coupon securities, by maturity
Three years or less
More than three years but less than
or equal to six years
More than six but less than
or equal to eleven years
More than eleven
12 Mortgage-backed
Corporate securities
13
One year or less
14
More than one year
-2,079
-4,848
-2,444
2,561
-2,594
-3,922
-3,355
-3,897
9,822
2,721
5,943
-41,787
-42,218
-50,292
-48,843
-50,738
-53,439
-48,038
-49,864
-50,056
-47,680
-43,481
-49,062
-43,808
-50,526
-47,532
-47,230
-52,911
-50,985
-54,153
-50,804
-49,284
-44,176
-32,058
-7,745
-479
-21,049
-9,436
-307
-25,033
-9,505
396
-24,157
-8,379
160
-25,082
-8,342
-450
-25,753
-8,361
818
-24,736
-11,384
331
-25,251
-11,232
1,318
-29,464
-10,265
1,966
-25,107
-8,508
1,596
-24,274
-11,122
2,050
48,076
43,150
47,920
42,946
46,231
49,853
51,655
47,324
47,458
49,246
56,013
28,904
28,937
30,134
27,517
27,605
32,657
31,770
30,472
27,973
24,991
27,394
10,502
12,436
11,440
10,651
9,956
10,667
12,792
13,497
14,025
12,603
12,773
841
3,802
2,969
4,359
1,965
4,246
2,867
4,264
1,758
4,361
2,939
4,305
2,069
4,037
-159
4,276
827
4,425
2,165
4,442
2,939
4,907
30,844
29,395
29,276
30,840
27,629
26,997
32,082
29,278
20,583
18,282
14,651
33,591
124,182
34,452
132,621
36,407
134,434
34,843
136,313
32,368
133,311
37,957
129,943
38,825
136,619
38,072
137,357
32,293
138,126
34,695
137,702
45,783
139,698
Financing3
Securities in, U.S. Treasury
15 Overnight and continuing
16 Term
Federal agency and governmentsponsored enterprises
17 Overnight and continuing
18 Term
Mortgage-backed securities
19 Overnight and continuing
20 Term
Corporate securities
21 Overnight and continuing
22 Term
1,097,150
1,259,667
1,153,469
1,383,137
1,166,856
1,234,077
1,163,820
1,160,338
1,128,639
1,218,641
1,166,760
1,230,746
1,191,409
1,290,970
1,189,153
1,254,439
1,195,423
1,412,241
1,183,749
1,289,965
1,093,305
1,449,367
156,993
210,391
156,866
196,121
160,726
202,995
152,994
191,910
156,472
194,650
154,299
206,867
170,285
211,602
170,027
208,293
165,567
235,788
177,222
233,516
142,160
256,391
80,566
407,289
82,582
414,306
91,148
400,892
82,347
390,692
92,396
397,810
85,791
403,381
92,850
403,199
103,317
408,691
96,831
422,064
103,719
407,532
102,046
421,999
107,104
81,086
108,693
89,218
109,470
90,240
109,588
88,508
109,634
89,514
108,730
90,105
110,204
90,437
109,131
92,901
110,995
97,802
109,126
97,656
108,561
95,809
730,309
1 621 632
742,389
1 755 400
727,664
1 598 290
717,021
1 501 857
693,230
1 569 181
722,324
1 596 251
769,680
1 656 262
735,166
1 657 167
770,255
1,828,859
780,562
1,690,611
648,905
1,892,186
1 065 384
1,059,290
1 095 545
1,223,932
1 126 877
1,045,827
1 120 440
972,378
1 104 365
1,027,359
1119133
1,036,776
1 155 222
1,100,055
1 135 991
1,081,883
1,147,870
1,245,775
1,159,516
1,100,639
1,006,087
1,310,979
298,300
142,249
298,371
138,664
302,317
141,878
295,614
129,015
294,555
128,548
295,338
144,483
314,249
155,003
312,954
151,383
304,460
171,652
305,530
171,413
283,805
198,728
493,961
244,753
528,936
243,214
538,975
223,668
526,374
215,948
547,308
216,093
540,278
221,488
544,531
226,272
530,304
241,400
502,330
253,435
537,662
251,726
492,380
309,552
221,604
46,793
234,137
52,610
244,678
54,762
241,369
52,491
236,572
54,035
247,187
54,187
247,551
55,528
251,800
57,782
245,784
63,770
248,876
60,368
248,850
67,909
1,847,325
1,413,373
1,907,304
1,573,123
1,945,698
1,380,883
1,919,373
1,279,569
1,916,654
1,336,747
1,934,746
1,375,666
1,989,077
1,452,971
1,967,289
1,450,368
1,941,346
1,655,844
1,990,005
1,505,526
1,759,358
1,820,954
MEMO
Reverse repurchase agreements
23 Overnight and continuing
24 Term
Securities out, U.S. Treasury
25 Overnight and continuing
26 Term
Federal agency and governmentsponsored enterprises
27 Overnight and continuing
28 Term
Mortgage-backed securities
29 Overnight and continuing
30 Term
Corporate securities
31 Overnight and continuing
32 Term
MEMO
Repurchase agreements
33 Overnight and continuing
34 Term
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 website (www.ny.frb.org/markets/primarydealers.html) under the
Primary Dealer heading.
1. Data for positions and financing are obtained from reports submitted to the Federal
Reserve Bank of New York by the U.S. government securities dealers on its published list of
primary dealers. Weekly figures are close-of-business Wednesday data. Positions for calendar
days of the report week are assumed to be constant. Monthly averages are based on the
number of calendar days in the month.
2. Net outright positions include all U.S. government, federal agency, governmentsponsored 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-protected securities (TIPS) are reported in actual funds paid or received, except for
pledged securities. TIPS that are issued as pledged securities are reported at par value, which
is the value of the security at original issuance (unadjusted for inflation).
28
1.44
Federal Reserve Bulletin Statistical Supplement • February 2006
FEDERAL AND FEDERALLY SPONSORED CREDIT AGENCIES
Debt Outstanding
Millions of dollars, end of period
Agency
May
1 Federal and federally sponsored agencies
2 Federal agencies
3
Defense Department1
4
Export-Import Bank^3
5
Federal Housing Administration4
6
Government National Mortgage Association certificates of
participation5
7
Postal Service6
8
Tennessee Valley Authority
9
United States Railway Association6
10 Federally sponsored agencies7
11
Federal Home Loan Banks
12 Federal Home Loan Mortgage Corporation . .
13 Federal National Mortgage Association
14 Farm Credit Bankss
15
Student Loan Marketing Association9
16 Financing Corporation10
17
Farm Credit Financial Assistance Corporation"
18
Resolution Funding Corporation12
2,121,057
276
6
2^51,039
6
n.a.
26,828
n.a.
25,412
6
n.a.
n.a.
n.a.
2,120,781
623,740
565,071
763,500
76,673
48,350
8,170
1,261
29,996
2,351,037
674,841
648,894
851,000
85,088
47,900
8,170
1,261
29,996
24,267
6
n.a.
207
July
Aug.
23,678
6
23,576
6
n.a.
143
n.a.
23,978
6
23,744
6
n.a.
143
n.a.
2,645,667
745,226
744,800
961,732
92,151
58,500
8,170
1,261
29,996
n.a.
854,815
733,400
949,510
97,266
78,121
8,170
1,261
29,996
30,811
27,948
27,485
45,820
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
16,961
n.a.
10,987
17,926
n.a.
9,559
18,038
n.a.
27,782
879,010
735,200
857,754
102,655
77,074
n.a.
n.a.
23,738
n.a.
n.a.
n.a.
n.a.
24,261
n.a.
23,972
n.a.
896,220
739,600
836,975
104,218
79,697
n.a.
n.a.
n.a.
Sept.
23,672
895,404
732,400
814,760
106,024
n.a.
n.a.
23,570
n.a.
n.a.
890,756
742,300
791,668
107,136
n.a.
n.a.
n.a.
n.a.
748,939
MEMO
19 Federal Financing Bank debt13
20
21
22
23
24
39,096
Lending to federal and federally sponsored agencies
Export-Import Bank3
Postal Service6
Student Loan Marketing Association
Tennessee Valley Authority
United States Railway Association6
Other lending*4
25 Farmers Home Administration . . . .
26 Rural Electrification Administration
27 Other
n.a.
n.a.
n.a.
n.a.
n.a.
13,876
25,220
n.a.
14,489
22,528
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 Agricultural 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.
16,127
14,684
10. The Financing Corporation, established in August 1987 to recapitalize the Federal
Savings and Loan Insurance Corporation, undertook its first borrowing in October 1987.
11. The Farm Credit Financial Assistance Corporation, established in January 1988 to
provide assistance to the Farm Credit System, undertook its first borrowing in July 1988.
12. The Resolution Funding Corporation, established by the Financial Institutions
Reform, Recovery, and Enforcement Act of 1989, undertook its first borrowing in October
1989.
13. The FFB, which began operations in 1974, is authorized to purchase or sell obligations
issued, sold, or guaranteed by other federal agencies. Because FFB incurs debt solely for the
purpose of lending to other agencies, its debt is not included in the main portion of the table to
avoid double counting.
14. Includes FFB purchases of agency assets and guaranteed loans; the latter are loans
guaranteed by numerous agencies, with the amounts guaranteed by any one agency generally
being small. The Farmers Home Administration entry consists exclusively of agency assets,
whereas the Rural Electrification Administration entry consists of both agency assets and
guaranteed loans.
Securities Markets and Corporate Finance
1.45
NEW SECURITY ISSUES
29
State and Local Governments
Millions of dollars
Type of issue or issuer,
or use
Apr.
May'
July
Aug.r
Sept.'
1 All issues, new and refunding1
363,888
384,311
357,875
31,148'
35,998
44,313
34,729'
33,923
32,460
27,600
39,085
By type of issue
2 General obligation
3 Revenue
145.323
214,788
144,056
238,204
130,471'
227,404'
13,076
18,072'
13,683
22,315
16,805
27,508
10,584
24,145'
11,103
22,819
12,541
19,919
5,847
21,753
10,289
28,796
By type of issuer
4 State
5 Special district or statutory authority2
6 Municipality, county, or township . . .
33,931
259,070
67,121
49,795
253,536
78,962
47,365
234,237
76,273
2,664
20,495
7,989'
1,942
25,226
8,830
3,258
32,904
8,151
1,735
27,057'
5,937
1,837
23,863
8,223
4,734
21,150
6,576
790
22,067
4,744
2,925
30,484
5,675
7 Issues for new capital
242,882
264,697
228,357'
15,909'
17,983
25,309
17,367'
20,006
16,893
17,697
24,392
57,894
22,093
33,404
n.a.
7,227
73,033
70,394
23,809
10,251
n.a.
22,339
97,736
65,426'
20,546
9,242
n.a.
19.050
80,438'
5,172
1,266
612
n.a.
2.103
3,892
4,566
1,177
805
n.a.
1.719
5,985
8,551
3,965
721
n.a.
1.483
6,287
8,730'
985
413'
n.a.
1.307
3,880
5,590
4,345
1,448
n.a.
901
5,257
3,925
2,205
1,474
n.a.
1.374
5,504
4,922
2,179
1,015
n.a.
2.132
3,338
7,228
1,952
790
n.a.
1.713
9,514
8
9
10
11
12
13
By use of proceeds
Education
Transportation
Utilities and conservation
Social welfare
Industrial aid
Other purposes
SOURCE: Securities Data Company beginning January 1990; Investment Dealer's Digest
before then.
1. Par amounts of long-term issues based on date of sale.
2. Includes school districts.
1.46
NEW SECURITY ISSUES
US. Corporations
Millions of dollars
2005
Type of issue, offering,
or issuer
1
1 All issues
By type of offering
3 Sold in the United States
2002
2003
2004
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
1,432,548
1,815,569
2,070,680
223,777
144,986
182,463
264,143
172,969
227,934
235,682
184,688
1,322,113
1,692,260
1,923,094
213,440
139,849
176,510
250,164
168,045
215,978
217,950
176,725
1,235,868
86 246
1,579,311
112 949
1,737,342
185 752
204.222
9 218
130.985
8 864
169,998
6 512
230,843
19 321
152,735
15 310
204.581
11 397
204.402
13 548
163.616
13 109
18,870
20,701
22,328'
1.688'
987
2,251'
2,173'
4,543
2.331
1.610
952
282,484
1,039,629
362,340
1,329,920
259,968
1,663,127
17,775
195,665
11,711
128,138
9,496
167,014
31,342
218,822
17,969
150,076
17,876
198,102
23,373
194,577
8,529
168,196
170,903
182,132
147,585
10,337
5,137
5,953
13,979
4,924
11,956
17,732
7,963
110,434
60,469
123,309
58,823
147,585
n.a.
10,337
n.a.
5,137
n.a.
5,953
n.a.
13,979
n.a.
4,924
n.a.
11,956
n.a.
17,732
n.a.
7,963
n.a.
62,114
48,320
44,416
78,893
64.345
83,240
3.129
7,208
2.595
2,543
2.427
3,527
4.448
9,532
1.953
2,971
6.385
5,571
9.597
8,135
2.445
5,517
MEMO
5 Private placements, domestic
By industry group
7 Financial
8 Stocks3
By type of offering
9 Public
10 Private placement4
By industry group
11 Nonfinancial
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 closedend, intracorporate transactions, Yankee bonds, and private placements listed. Stock data
include ownership securities issued by limited partnerships.
2. Monthly data include 144(a) offerings.
3. Monthly data cover only public offerings.
4. Data for private placements are not available at a monthly frequency.
SOURCE: Securities Data Company and the Board of Governors of the Federal Reserve
System.
30
Federal Reserve Bulletin Statistical Supplement • February 2006
1.47
OPEN-END INVESTMENT COMPANIES
Net Sales and Assets1
Millions of dollars
2005
Item
2004'
2005
May
June
July
Aug.
Sept.
Oct.
Nov.r
Dec.
1 Sales of own shares2
1,658,563
1,777,911
136,078
134,943
134,584
149,375
138,526
153,140
147,140
162,489
2 Redemptions of own shares
1,448,779
209,784
1,586,659
191,252
119,075
17,003
122,673
12,270
115,906
18,678
133,891
15,484
125,447
13,079
145,548
7,592
125,925
21,215
155,806
6,683
6,193,749
6,861,782
6,264,465
6,350,829
6,563,380
6,597,170
6,676,342
6,561,255
6,775,522
6,861,782
306,755
5 886 994
303,130
6 558 652
318,691
5 945 774
315,528
6 035 301
296,235
6 267 145
301,663
6 295 507
294,070
6 382 272
298,520
6 262 735
313,283
6 462 239
303,130
6 558 652
4 Assets
4
5 Cash5
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.
1.51 DOMESTIC FINANCE COMPANIES
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.
Assets and Liabilities1
Billions of dollars, end of period; not seasonally adjusted
2004
2005
Q1
Q2
Q3
Q4
Q1
Q2
Q3'
ASSETS
2
Consumer
4
Real estate
5 LESS:
Reserves for unearned income
8 All other
9 Total assets
951.2
321.4
455.3
174.5
1,022.2
365.8
457.4
198.9
1,145.0
430.4
471.7
242.9
1,056.2
374.4
475.6
206.2
1,075.4
390.1
471.3
213.9
1,097.2
416.4
456.3
224.5
1,145.0
430.4
471.7
242.9
1,141.6
425.7
469.2
246.7
1,153.6
423.8
478.1
251.7
1,171.0
431.9
474.6
264.6
57.0
23 8
50.8
24 6
46.3
24 8
49.6
24 1
47.3
24 0
46.5
24 1
46.3
24 8
45.4
23 4
44.8
23 1
37.9
24 2
870.3
586.4
946.8
753.9
1,073.9
765.4
982.5
750.4
1,004.1
732.2
1,026.5
746.8
1,073.9
765.4
1,072.9
747.9
1,085.7
764.4
1,109.0
659.8
1,456.8
1,700.8
1,839.3
1,732.9
1,736.4
1,773.3
1,839.3
1,820.9
1,850.0
1,768.7
48.0
141.5
56.2
136.3
65.2
163.9
59.8
138.6
52.6
141.4
64.1
154.3
65.2
163.9
63.1
149.2
60.0
136.2
70.5
132.8
88.2
631.9
339.8
207.3
99.9
747.1
424.7
236.6
118.2
828.3
415.3
248.3
104.9
760.6
435.6
233.4
108.1
769.1
426.6
238.5
112.7
776.7
422.6
242.9
118.2
828.3
415.3
248.3
114.7
855.5
388.0
250.5
116.8
872.1
398.6
266.3
122.9
778.1
431.0
233.5
1,456.8
1,700.8
1,839.3
1,732.9
1,736.4
1,773.3
1,839.3
1,820.9
1,850.0
1,768.7
LIABILITIES AND CAPITAL
10 Bank loans
11 Commercial paper
Debt
12 Owed to parent
14 All other liabilities
15 Capital, surplus, and undivided profits
16 Total liabilities and capital
NOTE: Some of the data presented in the table is available in the Board's monthly G.20
(422) statistical release, which is available at www.federalreserve.gov/releases.
1. Includes finance company subsidiaries of bank holding companies but not of retailers
and banks. Data are amounts carried on the balance sheets of finance companies; securitized
pools are not shown, as they are not on the books.
2. Before deduction for unearned income and losses. Excludes pools of securitized assets.
Securities Markets and Corporate Finance
1.52
DOMESTIC FINANCE COMPANIES
31
Owned and Managed Receivables'
Billions of dollars, amounts outstanding
Type of credit
July
Aug.
Sept.
579.5
285.6
568.6
580.7
286.2
572.4
Seasonally adjusted
1 Total
2
3
4
Consumer
Real estate
Business .
1,271.6
1,323.8
1,405.2
519.8
210.5
541.3
543.3
229.2
551.4
568.6
267.8
568.8
1,444.2
1,427.0
579.3
277.2
570.7
581.5
280.1
564.1
580.0
281.8
565.2
575.9
292.1
576.2
Not seasonally adjusted
5 Total
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
Consumer
Motor vehicle loans
Motor vehicle leases
Revolving2
Other3
Securitized assets4
Motor vehicle loans
Motor vehicle leases . . . .
Revolving
Other
Real estate
One- to four-family
Other
Securitized real estate assets4
One- to four-family
Other
Business
Motor vehicles
Retail loans
Wholesale loans5
Leases
Equipment
Loans
Leases
Other business receivables'" .
Securitized assets4
Motor vehicles
Retail loans
Wholesale loans
Leases
Equipment
Loans
Leases
Other business receivables'
1,448.7
1,277.5
1,330.2
1,411.8
523.9
160.2
83.3
38.9
38.7
547.7
197.0
70.0
37.6
60.9
573.3
230.0
62.5
40.5
96.3
574.3
212.3
64.9
43.5
102.0
578.6
208.2
67.3
44.5
102.9
578.4
203.0
68.1
45.5
106.1'
579.4
202.7
68.6
45.3
109.3'
582.3
203.3
68.8
46.2
112.5'
580.4
203.1
68.9
47.2
113.4
151.9
5.7
31.1
14.0
210.6
135.0
39.5
132.8
5.5
31.6
12.2
229.4
152.2
46.7
109.9
4.8
19.3
9.8
268.2
190.1
52.7
121.7
4.5
16.5
8.7
275.3
198.9
52.3
125.9
4.5
16.9
8.5
277.9
199.7
52.0
126.9
4.4
16.1
8.3
283.6
206.1
51.6
125.6
4.4
15.4
8.1
289.2
212.0
51.5
122.9
4.3
15.8
8.5
287.8
212.6
52.0
120.6
4.3
14.8
8.2
295.7
220.7
51.9
3.2
543.0
60.7
15.4
29.3
16.0
292.1
83.3
208.8
102.5
26.7
3.8
553.1
74.9
18.2
40.3
16.3
277.6
74.6
203.1
105.0
3.5
570.4
91.6
18.4
46.2
27.0
264.8
70.6
194.3
115.3
20.6
3.5
575.5
97.4
21.7
47.8
27.9
265.2
71.3
193.9
117.1
20.3
5.9
572.1
99.1
21.9
48.1
29.2
264.5
70.0
194.5
114.5
20.1
5.9
560.2
88.9
22.0
37.7
29.3
265.0
70.8
194.2
116.3
19.8
5.9
560.1
88.1
21.8
37.1
29.2
266.3
70.6
195.7
118.5
19.6
3.7
566.1
88.3
21.6
37.4
29.3
266.3
70.4
195.9
119.9
19.4
3.7
572.5
91.2
20.1
41.8
29.3
268.2
70.8
197.4
118.6
50.2
2.4
45.9
1.9
20.2
13.0
7.2
17.4
48.4
2.2
44.2
2.1
22.1
12.5
9.6
25.1
44.8
2.2
40.6
2.0
23.6
11.5
12.1
30.2
43.9
2.2
39.7
2.0
21.7
10.0
11.7
30.2
43.2
2.8
40.2
.1
23.4
11.7
11.6
27.5
39.5
2.8
36.6
.1
23.0
11.4
11.6
27.5
36.9
2.8
34.0
.1
22.9
11.3
11.6
27.4
39.9
2.7
37.0
.1
23.8
12.4
11.4
27.9
43.2
2.7
40.3
.1
23.6
12.2
11.4
27.8
NOTE: This table has been revised to incorporate several changes resulting from the
benchmarking of finance company receivables to the June 1996 Survey of Finance Companies. In that benchmark survey, and in the monthly surveys that have followed, more-detailed
breakdowns have been obtained for some components. In addition, previously unavailable
data on securitized real estate loans are now included in this table. The new information has
resulted in some reclassification of receivables among the three major categories (consumer,
real estate, and business) and in discontinuities in some component series between May and
June 1996.
Includes finance company subsidiaries of bank holding companies but not of retailers and
banks. Data in this table also appear in the Board's G.20 (422) monthly statistical release,
available at www.federalreserve.gov/releases.
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
1,422.2
before deductions for unearned income and losses. Components may not sum to totals
because of rounding.
2. Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies.
3. Includes personal cash loans, mobile home loans, and loans to purchase other types of
consumer goods, such as appliances, apparel, boats, and recreation vehicles.
4. Outstanding balances of pools upon which securities have been issued; these balances
are no longer carried on the balance sheets of the loan originator.
5. Credit arising from transactions between manufacturers and dealers—that is, floor plan
financing.
6. Includes loans on commercial accounts receivable, factored commercial accounts, and
receivable dealer capital; small loans used primarily for business or farm purposes; and
wholesale and lease paper for mobile homes, campers, and travel trailers.
32
Federal Reserve Bulletin Statistical Supplement • February 2006
1.53
MORTGAGE MARKETS
Mortgages on New Homes
Millions of dollars except as noted
2005
Item
2003
2004
2005
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Terms and y elds in primary and secondary markets
PRIMARY MARKETS
1
2
3
4
5
Terms]
Purchase price (thousands of dollars)
Amount of loan (thousands of dollars)
Loan-to-price ratio (percent)
Maturity (years)
Fees and charges (percent of loan amount)2
Yield (percent per year)
6 Contract rate1
8 Contract rate (HUD series)4
272.1
205.3
77.9
28.7
.61
292.0
215.0
76.0
28.8
.51
326.8
238.5
75.3
29.2
.54
329.9
238.6
74.4
29.2
.52
330.7
240.4
75.1
29.2
.48
323.1
237.7
75.9
29.1
.52
332.3
243.3
75.5
29.2
.58
338.6
246.3
75.1
29.4
.58
345.6
249.6
74.4
29.5
.66
358.5
260.4
74.4
29.5
.65
5.71
5.80
n.a.
5.68
5.75
n.a.
5.86
5.93
n.a.
5.69
5.76
n.a.
5.69
5.76
n.a.
5.75
5.83
n.a.
5.91
5.99
n.a.
5.95
6.03
n.a.
6.11
6.20
n.a.
6.30
6.39
n.a.
n.a.
5.03
n.a.
5.19
n.a.
5.13
n.a.
4.81
n.a.
5.03
n.a.
5.14
n.a.
5.06
n.a.
5.39
n.a.
5.55
n.a.
5.45
SECONDARY MARKETS
Yield (percent per year)
10 GNMA securities6
Activity in secondary markets
FEDERAL NATIONAL MORTGAGE ASSOCIATION
Mortgage holdings (end of period)
11 Total
898,445
n.a.
n.a.
904,555
n.a.
n.a.
727,173
n.a.
n.a.
808,225
n.a.
n.a.
788.786
n.a.
n.a.
768.280
n.a.
n.a.
727.824
n.a.
n.a.
717.254
n.a.
n.a.
715.532
n.a.
n.a.
727,173
n.a.
n.a.
14 Mortgage transactions purchased (during period)
572,852
262,646
146,641
8,964
9,365
11,564
10,021
10,136
16,021
28,760
Mortgage commitments (during period)
15 Issued7
16 To sells
522,083
33 010
149,429
8 828
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
644,436
n.a.
n.a.
652,936
n.a.
n.a.
710,017
n.a.
n.a.
665.003
n.a.
n.a.
660.035
n.a.
n.a.
677.764
n.a.
n.a.
684.530
n.a.
n.a.
678.178
n.a.
n.a.
692.758'
n.a.
n.a.
710,017
n.a.
n.a.
n.a.
713,260
n.a.
365,148
n.a.
397,867
n.a.
29.917
n.a.
28.633
n.a.
40.883
n.a.
43.002
n.a.
34.986
n.a.
37.837
n.a.
39,784
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
13
Conventional
FEDERAL HOME LOAN MORTGAGE CORPORATION
Mortgage holdings (end ofperiod)*
17 Total
18 FHA/VA insured
19
Conventional
Mortgage transactions (during period)
21 Sales
22 Mortgage commitments contracted (during period)9
1. Weighted averages based on sample surveys of mortgages originated by major institutional lender groups for purchase of newly built homes; compiled by the Federal Housing
Finance Board in cooperation with the Federal Deposit Insurance Corporation.
2. Includes all fees, commissions, discounts, and "points" paid (by the borrower or the
seller) to obtain a loan.
3. Average effective interest rate on loans closed for purchase of newly built homes,
assuming prepayment at the end of ten years.
4. Average contract rate on new commitments for conventional first mortgages; from U.S.
Department of Housing and Urban Development (HUD). Based on transactions on the first
day of the subsequent month.
5. Average gross yield on thirty-year, minimum-downpayment first mortgages insured by
the Federal Housing Administration (FHA) for immediate delivery in the private secondary
market. Based on transactions on first day of subsequent month.
6. Average net yields to investors on fully modified pass-through securities backed by
mortgages and guaranteed by the Government National Mortgage Association (GNMA),
assuming prepayment in twelve years on pools of thirty-year mortgages insured by the
Federal Housing Administration or guaranteed by the Department of Veterans Affairs.
7. Does not include standby commitments issued but includes standby commitments
converted.
8. Includes participation loans as well as whole loans.
9. Includes conventional and government-underwritten loans. The Federal Home Loan
Mortgage Corporation's mortgage commitments and mortgage transactions include activity
under mortgage securities swap programs, whereas the corresponding data for the Federal
National Mortgage Association exclude swap activity.
Real Estate
1.54
33
MORTGAGE DEBT OUTSTANDING1
Millions of dollars, end of period
Type of holder and property
Q3
1 All holders .
2
3
4
5
By type of property
One- to four-family residences
Multifamily residences
Nonfarm, nonresidential
Farm
By type of holder
6 Major financial institutions . . .
7
Commercial banks2
One- to four-family
9
Multifamily
10
Nonfarm, nonresidential .
11
Farm
12 Savings institutions3
13
One- to four-family
14
Multifamily
15
Nonfarm, nonresidential .
16
Farm
17 Life insurance companies . .
18
One- to four-family
19
Multifamily
20
Nonfarm, nonresidential .
Farm
21
22 Federal and related agencies
23 Government National Mortgage Association
24
One- to four-family
25
Multifamily
26 Farmers Home Administration4
27
One- to four-family
28
Multifamily
29
Nonfarm, nonresidential
30
Farm
31 Federal Housing Admin, and Dept. of Veterans Affairs . . .
32
One- to four-family
33
Multifamily
34 Resolution Trust Corporation
35
One- to four-family
36
Multifamily
37
Nonfarm, nonresidential
38
Farm
39
40 Federal Deposit Insurance Corporation
One- to four-family
41
Multifamily
42
Nonfarm, nonresidential
43
Farm
44
Federal
National Mortgage Association
45
One- to four-family
46
Multifamily
47
48 Federal Land Banks
49
One- to four-family
50
Farm
51 Federal Home Loan Mortgage Corporation
52
One- to four-family
53
Multifamily
54 Federal Agricultural Mortgage Corporation
Farm
55 Mortgage pools or trusts5
56
Government National Mortgage Association
One- to four-family
57
58
Multifamily
59 Federal Home Loan Mortgage Corporation
60
One- to four-family
61
Multifamily
62 Federal National Mortgage Association . . .
63
One- to four-family
64
Multifamily
65 Farmers Home Administration4
66
One- to four-family
67
Multifamily
68
Nonfarm, nonresidential
69
Farm
70
Private
mortgage conduits
71
One- to four-family6
72
Multifamily
73
Nonfarm, nonresidential
74
Farm
75
Federal
Agricultural Mortgage Corporation
76
Farm
77 Individuals and others7 . . .
78
One- to four-family
79
Multifamily
80
Nonfarm, nonresidential
81
Farm
Q4
Q1
Q2
10,716,050
11,093,880
Q3>
7,420,995
8,243,014
5,571,346
447,820
1,283,983
117,846
6,244,136
486,680
1,386,691
125,507
7,026,105
557,179
1,518,173
133,583
7,768,288
593,991
1,639,338
140,528
8,013,733
608,994
1,698,776
141,710
8,210,224
617,615
1,745,250
142,963
8,501,976
632,363
1,813,322
146,219
8,821,496
641,613
1,888,295
148,339
1,790,877
1,789,819
1,023,851
84,851
645,619
35,498
758,037
620,402
64,570
72,534
531
243,021
4,931
35,631
188,376
14,083
3,089,434
2,058,426
1,222,126
94,178
704,097
38,025
780,989
631,057
68,624
80,730
577
250,019
4,657
36,816
195,040
13,506
3,387,175
2,256,037
1,346,908
104,901
763,579
40,649
870,194
702,784
77,895
88,884
632
260,944
4,403
38,556
203,946
14,039
3,793,190
2,517,411
1,522,198
114,986
836,332
43,894
1,007,894
829,040
85,716
92,510
628
267,885
4,653
39,464
209,489
14,279
3,925,678
2,595,318
1,568,000
119,294
863,467
44,557
1,057,036
874,518
87,445
94,475
598
273,324
4,998
40,453
214,085
13,788
4,033,131
2,690,415
1,633,827
122,807
888,751
45,030
1,068,024
883,372
90,294
93,761
597
274,692
5,024
40,655
215,154
13,859
4,181,155
2,790,446
1,696,037
129,021
919,168
46,220
1,112,919
921,684
95,048
95,582
604
277,790
5,082
41,113
217,576
14,019
4,317,545
2,896,249
1,751,282
135,558
962,271
47,137
1,140,810
946,867
96,694
96,644
605
280,486
5,132
41,512
219,683
14,159
373,240
8
537,131
50
50
0
69,546
13,964
11,613
40,529
3,439
4,192
1,304
2,887
0
0
0
0
0
548,489
45
45
0
69,935
13,557
11,565
41,520
3,294
4,498
1,328
3,169
0
0
0
0
0
13
2
3
8
0
165,957
155,419
10,538
40,885
2,406
38,479
62,792
40,309
22,483
202
202
433,565
5
5
0
72,377
14,908
11,669
42,101
3,700
3,854
1,262
2,592
0
0
0
0
0
46
7
9
30
0
185,801
172,230
13,571
46,257
2,722
43,535
63,887
35,851
28,036
966
966
553,821
44
44
0
70,624
13,464
11,556
42,370
3,235
4,733
1,338
3,394
0
0
0
0
0
11
2
554,645
42
42
0
70,690
13,338
11,537
42,559
3,255
4,936
1,346
3,589
0
0
0
0
0
11
552,979
39
39
0
70,995
13,274
11,527
42,957
3,237
4,784
1,356
3,429
0
0
0
0
0
9
2
550,130
36
36
0
72,044
13,124
11,500
44,172
3,247
4,703
1,359
3,344
0
0
0
0
0
9
1
15
0
239,433
219,867
19,566
49,307
2,901
46,406
60,270
27,274
32,996
990
990
15
0
245,883
221,267
24,616
51,849
3,051
48,798
60,808
23,403
37,405
900
900
7
0
249,515
222,535
26,980
52,793
3,106
49,687
61,360
23,389
37,971
887
887
2
7
0
249,397
222,417
26,980
53,341
3,139
50,202
61,736
23,532
38,204
865
865
6
0
249,230
222,250
26,980
54,769
3,223
51,546
60,986
23,246
37,740
838
838
5
0
248,994
222,014
26,980
55,489
3,265
52,224
61,207
23,331
37,876
832
832
3,543,665
591,368
569,460
21,908
948,409
940,933
7,476
1,290,351
1,238,125
52,226
0
0
0
0
0
711,881
433,366
53,759
224,756
0
1,656
1,656
3,955,508
537,888
512,098
25,790
1,082,062
1,072,990
9,072
1,538,287
1,478,610
59,677
0
0
0
0
0
796,904
487,486
59,225
250,193
0
367
367
4,456,274
473,738
444,820
28,918
1,157,339
1,141,241
16,098
1,857,045
1,780,884
76,161
0
0
0
0
0
967,149
605,411
67,288
294,450
0
1,003
1,003
4,843,163
452,555
421,364
31,191
1,197,412
1,180,757
16,655
1,892,680
1,816,973
75,707
0
0
0
0
0
1,299,552
898,498
71,953
329,101
0
964
964
4,964,296
441,235
409,089
32,147
1,204,239
1,187,489
16,750
1,895,761
1,819,931
75,830
0
0
0
0
0
1,422,122
998,892
75,170
348,061
0
938
938
5,088,004
431,193
398,619
32,574
1,218,978
1,202,023
16,955
1,896,003
1,820,163
75,840
0
0
0
0
0
1,540,949
1,098,107
77,309
365,533
0
882
882
5,284,959
421,149
388,291
32,858
1,245,930
1,228,600
17,330
1,900,149
1,824,143
76,006
0
0
0
0
0
1,716,856
1,241,175
82,955
392,726
0
875
875
5,519,570
411,870
378,641
33,229
1,279,664
1,261,865
17,799
1,924,810
1,847,818
76,992
0
0
0
0
0
1,902,392
1,403,710
83,705
414,977
0
835
835
713,214
497,566
80,478
111,725
23,445
764,507
547,832
77,343
114,501
24,830
854,462
621,022
80,244
126,771
26,424
957,302
717,617
81,543
130,372
27,770
1,019,420
773,101
81,986
136,312
28,021
1,040,272
791,661
80,852
139,485
28,273
1,074,787
822,261
78,340
145,307
28,879
1,112,497
856,251
76,406
150,541
29,299
72,452
15,824
11,712
40,965
3,952
3,290
1,260
2,031
0
0
0
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 70 from LoanPerformance Corporation and other sources.
34
Federal Reserve Bulletin Statistical Supplement • February 2006
1.55 CONSUMER CREDIT1
Millions of dollars, amounts outstanding, end of period
Holder and type of credit
May
July
Aug.
Sept.
Seasonally adjusted
732,665
1,189,187
2 Revolving . . .
3 Nonrevolving2
2,009,850
2,098,996
752,792
1,257,058
781,057
1,317,940
784,684
1,340,905
2,136,442
2,147,755'
789,323
1,347,119
790,701'
1,357,053'
2,164,822'
2,157,590
796,093'
1,363,391'
802,428'
1,362,394'
801,400
1,356,190
Not seasonally adjusted
1,948,987
2,037,519
2,128,440
2,113,941
2,122,432
2,132,213'
2,154,312'
2,166,154'
2,162,368
602,570
237,790
195,744
129,576
68,705
77,520
637,082
669,386
295,424
205,877
114,658
77,850
63,348
610,976
704,270
366,834
215,384
98,363
91,271
64,684
587,634
685,201
357,793
221,148
98,795
92,931
60,976
597,096
683,951
355,600
221,367
98,647
94,002
61,088
607,776
694,658
354,551
225,516
98,120
95,819'
61,081
602,467'
705,390
357,357
229,223
98,205
97,636'
63,270
603,232'
708,183
361,994
230,110
103,921
99,394'
63,080
599,473'
710,802
363,706
229,463
103,988
100,567
60,068
593,774
By major type of credit*
12 Revolving
13
Commercial banks
14 Finance companies
15
Credit unions
16 Federal government and Sallie Mae
17
Savings institutions
18
Nonfinancial business
19 Pools of securitized assets3
753,942
246,395
38,948
22,228
n.a.
16,260
39,848
390,263
774,887
285,015
37,576
22,410
n.a.
23,848
19,363
386,675
804,953
314,649
40,496
23,244
n.a.
27,905
17,899
380,760
780,317
292,530
43,467
22,622
n.a.
27,896
17,252
376,550
785,498
293,725
44,497
22,816
n.a.
28,242
17,266
378,952
785,851'
296,856
45,479
23,130
n.a.
28,792
17,240
374,355'
793,583'
298,081
45,346
23,385
n.a.
29,341
19,189
378,241'
796,749'
300,614
46,157
23,302
n.a.
29,873
19,102
377,701'
795,948
303,408
47,218
23,441
n.a.
30,178
15,830
375,874
20 Nonrevolving
21
Commercial banks
22
Finance companies
23
Credit unions
24 Federal government and Sallie Mae
25
Savings institutions
26
Nonfinancial business
27
Pools of securitized assets3
1,195,045
356,175
198,842
173,516
129,576
52,445
37,673
246,819
1,262,632
384,371
257,847
183,467
114,658
54,002
43,986
224,301
1,323,487
389,621
326,338
192,140
98,363
63,366
46,786
206,874
1,333,624
392,672
314,326
198,526
98,795
65,035
43,725
220,545
1,336,933
390,226
311,103
198,551
98,647
65,760
43,822
228,824
1,346,361'
397,803
309,073
202,386
98,120
67,027'
43,840
228,112
1,360,729'
407,308
312,011
205,838
98,205
68,295'
44,081
224,991
1,369,405'
407,569
315,837
206,808
103,921
69,521'
43,979
221,771
1,366,420
407,394
316,489
206,022
103,988
70,389
44,238
217,900
4 Total
5
6
7
8
9
10
11
By major holder
Commercial banks
Finance companies
Credit unions
Federal government and Sallie Mae . .
Savings institutions
Nonfinancial business
Pools of securitized assets3
1. The Board's series on amounts of credit covers most short- and intermediate-term credit
extended to individuals, excluding loans secured by real estate. Data in this table also appear
in the Board's G.19 (421) monthly statistical release, available at www.federalreserve.gov/
releases.
2. Comprises motor vehicle loans, mobile home loans, and all other loans that are not
included in revolving credit, such as loans for education, boats, trailers, or vacations. These
loans may be secured or unsecured.
3. Outstanding balances of pools upon which securities have been issued; these balances
are no longer carried on the balance sheets of the loan originator.
4. Totals include estimates for certain holders for which only consumer credit totals are
available.
1.56 TERMS OF CONSUMER CREDIT1
Percent per year except as noted
2005
Item
2002
2003
2004
Apr.
May
June
July
Aug.
Sept.
Oct.
INTEREST RATES
Commercial banks2
1 48-month new car
2 24-month personal
7.62
12.54
6.93
11.95
6.60
11.89
n.a.
n.a.
6.93
12.03
n.a.
n.a.
n.a.
n.a.
7.08
12.22
n.a.
n.a.
n.a.
n.a.
Credit card plan
3 All accounts
4 Accounts assessed interest
13.40
13.11
12.30
12.73
12.71
13.21
n.a.
n.a.
12.76
14.81
n.a.
n.a.
n.a.
n.a.
12.48
14.75
n.a.
n.a.
n.a.
n.a.
4.29
10 74
3.40
9 72
4.36
8 96
4.76
9 41
5.25
9 34
5.55
8 93
5.71
8 55
5.80
8 72
5.89
9 06
6.13
8 96
56.8
57 5
61.4
57 5
60.5
56 8
59.5
57 9
59.2
57 5
59.9
57 5
60.4
57 5
60.1
57 6
60.2
57 4
61.4
57 6
94
100
95
100
89
100
87
99
88
98
88
98
89
97
88
97
88
99
90
99
24,747
14,532
26,295
14,613
24,888
15,136
23,725
15,750
22,989
16,011
23,717
16,316
25,086
16,509
25,059
16,383
23,579
16,220
24,209
16,836
Auto finance companies
5 New car
OTHER TERMS3
Maturity (months)
7 New car
Loan-to-value ratio
9 New car
10 Used car
Amount financed (dollars)
11 New car
12 Used car
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, available at www.federalreserve.gov/releases.
2. Data are available for only the second month of each quarter.
3. At auto finance companies.
Flow of Funds
1.57
35
FUNDS RAISED IN U.S. CREDIT MARKETS1
Billions of dollars; quarterly data at seasonally adjusted annual rates
Transaction category or sector
Ql
Q2
Q3
Q4
Q1
Q2
Q3
Nonfinancial sectors
1,027.3
825.2
1,094.6
1,319.1
1,651.3
2,034.4
1,701.0
1,922.8
2,046.3
2,311.7
1,998.3
By sector and instrument
2 Federal government
3
Treasury securities
4
Budget agency securities and mortgages
-71.2
-71.0
-.2
-295.9
-294.9
-1.0
-5.6
-5.1
-.5
257.6
257.1
.5
396.0
398.4
-2.4
502.9
501.9
1.1
367.2
370.8
-3.6
266.3
266.5
-.2
311.2
310.9
.3
630.7
631.5
-.7
5.8
7.2
-1.4
5 Nonfederal
1 Total net borrowing by domestic nonfinancial sectors
231.9
232.3
-.4
,098.6
1,121.1
1,100.2
1,061.6
1,255.2
1,531.5
1,333.8
1,656.4
1,735.2
1,680.9
1,992.4
6
7
8
9
10
11
12
13
14
15
16
By instrument
Commercial paper
Municipal securities and loans
Corporate bonds
Bank loans n.e.c
Other loans and advances
Mortgages
Home
Multifamily residential
Commercial
Farm
Consumer credit
37.4
54.4
221.7
82.2
26.1
563.8
418.0
39.2
100.6
6.1
113.0
48.1
23.6
162.6
98.2
79.6
540.8
401.0
26.8
106.1
6.9
168.1
-88.3
122.9
347.7
-81.6
8.9
658.3
496.1
40.6
113.9
7.7
132.3
-64.2
159.4
132.3
-87.0
20.3
813.7
672.8
37.2
96.0
7.7
87.1
-40.0
135.1
158.3
-80.2
10.0
983.6
782.0
69.9
123.6
8.1
88.4
33.8
174.0
114.2
-38.4
14.3
1,143.8
964.7
23.7
148.4
7.1
89.7
32.3
70.2
6.7
85.3
-15.3
1,092.9
889.6
67.5
125.3
10.4
61.8
22.4
157.3
51.7
-31.5
.2
1,334.6
1,097.9
42.3
185.2
9.1
121.7
-25.4
130.9
138.3
119.1
100.7
1,180.6
938.6
57.6
178.6
5.9
90.9
53.7
224.9
34.3
88.5
84.0
1,137.8
918.7
30.9
183.1
5.1
57.7
9.2
127.7
30.1
210.3
70.2
1,459.7
1,137.4
64.2
246.7
11.4
85.2
4.6
240.5
82.7
42.1
23.4
1,554.3
1,225.3
30.6
289.5
8.8
117.0
17
18
19
20
21
22
By borrowing sector
Household
Nonfinancial business
Corporate
Nonfarm noncorporate
Farm
State and local government
487.5
572.6
373.3
194.3
5.0
38.5
551.1
554.5
346.2
197.1
11.2
15.5
600.5
393.9
220.7
162.7
10.5
105.8
736.2
181.5
25.2
148.5
7.9
143.9
825.2
312.3
148.4
156.1
7.7
117.8
1,024.4
351.1
207.4
137.5
6.2
156.0
968.7
314.0
131.8
169.0
13.1
51.1
1,063.3
447.9
261.5
168.1
18.3
145.2
990.4
624.3
432.0
183.8
8.5
120.5
929.4
549.3
351.4
195.0
2.9
202.2
1,158.4
728.3
429.8
281.5
17.0
105.7
1,235.9
608.0
362.3
220.6
25.1
220.7
19.0
16.3
7.9
.5
-5.7
63.0
31.7
21.2
11.4
-1.3
-43.8
-14.2
-18.5
-7.3
-3.8
70.8
36.1
31.6
5.3
-2.3
54.3
22.3
41.9
-7.7
-2.1
84.2
99.6
-4.3
-6.7
-4.3
-63.6
-30.1
-40.1
7.0
-.4
97.5
24.4
86.8
-9.0
-4.8
210.7
160.7
34.4
18.5
-2.9
17.6
13.7
-4.6
12.1
-3.5
87.5
33.6
60.7
-5.3
-1.6
111.7
116.7
-3.5
5.2
-6.7
1,046.3
888.2
1,050.8
1,389.9
1,705.6
2,118.7
1,637.4
2,020.2
2,257.0
2,329.3
2,085.7
23 Foreign net borrowing in United States
24
Commercial paper
25
Bonds
26
Bank loans n.e.c
27
Other loans and advances
28 Total domestic plus foreign
Financial sectors
29 Total net borrowing by financial sectors . ..
1,015.6
778.4
877.5
823.3
1,009.2
710.8
926.0
727.4
832.2
598.5
1,302.3
By instrument
Federal government-related
Government-sponsored enterprise securities
Mortgage pool securities
Loans from U.S. government
593.3
318.8
274.6
.0
434.9
235.2
199.7
.0
642.7
304.1
338.5
.0
546.7
219.8
326.8
.0
574.3
243.7
330.5
.0
127.2
.6
126.7
.0
299.9
211.9
88.0
.0
155.3
93.1
62.1
.0
-110.1
-45.5
-64.6
.0
-144.9
-209.6
64.7
.0
39.3
-84.2
123.5
.0
-65.5
-243.9
178.4
.0
422.3
176.2
144.8
-12.8
107.1
6.9
343.5
131.7
160.7
3.8
42.5
4.9
234.8
-45.3
239.4
13.0
25.5
2.2
276.7
-63.5
323.7
1.5
6.8
8.2
434.9
-63.8
463.9
-4.8
31.2
8.3
583.6
129.6
331.0
17.5
79.1
26.5
626.1
-2.5
490.3
-25.8
148.1
15.9
572.2
-31.4
554.6
44.2
-15.7
20.6
942.3
41.1
762.8
13.6
85.1
39.6
743.4
122.1
563.3
5.8
27.0
25.2
1,263.0
473.2
680.1
-24.0
114.5
19.3
749.2
140.2
538.9
39.5
10.8
19.9
67.2
48.0
2.2
.7
318.8
274.6
146.8
70.7
.0
12.3
-17.2
91.6
60.0
27.3
.0
-.7
235.2
199.7
157.2
81.9
.0
2.6
15.6
-.3
52.9
-2.0
1.5
.6
304.1
338.5
230.4
1.3
.0
3.2
1.4
-54.6
49.7
-23.4
2.0
2.0
219.8
326.8
181.9
42.2
.0
24.5
-1.7
-.5
49.2
6.1
2.2
2.9
243.7
330.5
219.5
118.2
.0
31.9
6.4
-1.4
182.7
1.1
-2.7
-.4
.6
126.7
147.1
111.2
.0
67.1
51.9
25.6
6.8
166.6
4.9
2.7
211.9
88.0
355.1
-8.4
.0
63.9
2.5
32.1
60.1
-7.0
.9
.1
93.1
62.1
417.0
115.5
.0
42.1
33.2
-89.6
61.2
96.9
6.1
9.7
-45.5
-64.6
367.9
253.2
.0
217.6
-26.6
-43.6
163.0
-30.6
1.5
-1.6
-209.6
64.7
430.3
75.8
.0
76.2
11.2
17.6
41.4
82.4
3.1
2.3
-84.2
123.5
688.4
-23.6
.0
92.8
-5.2
381.4
82.7
-7.1
.3
.4
-243.9
178.4
620.6
12.6
.0
65.5
18.0
-43.9
30
31
32
33
34 Private
35
Open market paper
36
Corporate bonds
37
Bank loans n.e.c
38
Other loans and advances
39
Mortgages
40
41
42
43
44
45
46
47
48
49
50
51
By borrowing sector
Commercial banking
Savings institutions
Credit unions
Life insurance companies
Government-sponsored enterprises
Federally related mortgage pools
Issuers of asset-backed securities (ABSs) . . . .
Finance companies
Mortgage companies
Real estate investment trusts (REITs)
Brokers and dealers
Funding corporations
36
Federal Reserve Bulletin Statistical Supplement • February 2006
1.57
FUNDS RAISED IN U.S. CREDIT MARKETS1—Continued
Billions of dollars; quarterly data at seasonally adjusted annual rates
Transaction category or sector
52 Total net borrowing, all sectors
53
54
55
56
57
58
59
60
Open market paper
U.S. government securities
Municipal securities
Corporate and foreign bonds
Bank loans n.e.c
Other loans and advances
Mortgages
Consumer credit
Qi
Q2
Q3
Q4
Qi
Q2
Q3
2,061.9
1,666.6
1,928.3
2,213.2
2,714.7
2,829.5
2,563.4
2,747.7
3,089.2
2,927.8
3,388.0
3,092.0
229.9
522.1
54.4
374.5
69.8
127.5
570.7
113.0
211.6
139.0
23.6
344.5
113.3
120.8
545.6
168.1
-147.8
637.1
122.9
568.6
-75.8
30.6
660.5
132.3
-91.5
804.2
159.4
487.6
-80.2
24.7
821.9
87.1
-81.6
970.3
135.1
664.1
-92.6
39.1
991.9
88.4
263.0
630.2
174.0
440.9
-27.6
89.1
1,170.3
89.7
-.3
667.1
70.2
456.8
66.5
132.4
1,108.8
61.8
15.4
421.6
157.3
693.0
3.7
-20.3
1,355.1
121.7
176.4
201.1
130.9
935.5
151.3
182.9
1,220.2
90.9
189.4
485.8
224.9
593.1
106.4
107.5
1,163.0
57.7
516.0
45.2
127.7
770.9
180.9
183.1
1,478.9
85.2
261.5
166.4
240.5
618.1
86.8
27.5
1,574.1
117.0
Funds raised through mutual funds and corporate equities
61 Total net issues
192.7
244.7
299.5
228.8
407.1
553.9
214.9
301.0
264.3
378.6
27.3
-85.4
62 Corporate equities
63
Nonfmancial corporations
64 Foreign shares purchased by U.S. residents .
65 Financial corporations
66 Mutual fund shares
1.5
10.4
14.3
-2.4
191.2
5.3
-118.2
106.7
16.8
239.4
98.3
-48.1
109.1
37.3
201.2
46.3
-41.6
17.0
71.0
182.4
119.1
-57.8
114.2
62.7
288.0
89.8
-82.2
66.5
105.5
464.1
99.3
-159.5
160.9
97.9
115.6
-7.9
-203.2
67.0
128.4
308.9
-43.3
-183.2
38.5
101.4
307.6
-21.7
-251.6
159.3
70.6
400.2
-196.4
-351.1
83.3
71.4
223.7
-264.4
-446.2
140.0
41.8
179.0
1. Data in this table also appear in the Board's Z.I quarterly statistical release, tables F.2
through F4, available at www.federalreserve.gov/releases.
Flow of Funds
1.58
37
SUMMARY OF FINANCIAL TRANSACTIONS1
Billions of dollars except as noted; quarterly data at seasonally adjusted annual rates
Transaction category or sector
Ql
Q2
Q3
Q4
Q1
Q2
Q3
NET LENDING IN CREDIT MARKETS2
1 Total net lending in credit markets
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
Domestic nonfederal nonfinancial sectors
Household
Nonfinancial corporate business
Nonfarm noncorporate business
State and local governments
Federal government
Rest of the world
Financial sectors
Monetary authority
Commercial banking
U.S.-chartered banks
Foreign banking offices in United States . .
Bank holding companies
Banks in U.S.-affiliated areas
Savings institutions
Credit unions
Life insurance companies
Other insurance companies
Private pension funds
State and local government retirement funds
Money market mutual funds
Mutual funds
Closed-end funds
Government-sponsored enterprises
Federally related mortgage pools
Asset-backed securities issuers (ABSs)
Finance companies
Mortgage companies
Real estate investment trusts (REITs)
Brokers and dealers
Funding corporations
2,061.9
1,666.6
1,928.3
2,213.2
2,714.7
2,829.5
2,563.4
2,747.7
3,089.2
2,927.8
3,388.0
3,092.0
120.1
39.8
-21.7
-2.7
104.8
6.4
171.2
1,764.3
25.7
312.2
318.6
-17.0
6.2
4.4
67.2
27.5
53.5
-3.0
99.3
45.5
184.9
48.4
9.6
287.3
274.6
167.5
97.1
.0
1.5
-34.7
97.3
12.9
-87.4
26.1
2.1
72.1
11.6
241.9
1,400.1
33.7
357.9
339.5
23.9
-12.2
6.7
56.2
28.0
57.9
-8.7
-96.4
36.3
138.3
20.9
-5.6
246.0
199.7
144.3
108.6
.0
-5.3
68.9
17.3
-79.6
-175.0
-4.3
6.4
93.4
6.0
305.3
1,696.5
39.9
205.2
191.6
-.6
4.2
10.0
44.4
41.5
130.9
9.0
13.3
-53.8
267.3
126.1
3.2
304.7
338.5
217.0
-4.8
.0
8.6
92.4
-96.6
94.2
-17.8
26.1
-.6
86.5
9.6
422.7
1,686.8
77.7
404.4
393.8
6.2
3.1
1.3
33.4
42.7
233.0
39.9
25.7
-50.7
-17.7
144.2
8.6
224.1
326.8
189.9
21.2
.0
23.8
28.4
-85.1
240.7
186.1
-1.0
3.0
52.5
-2.5
531.6
1,945.0
37.2
299.5
323.3
-43.0
8.6
10.6
126.0
50.7
180.6
67.0
14.2
11.2
-95.9
137.7
36.2
236.5
330.5
226.1
84.2
.0
25.7
79.6
90.9
-169.2
-288.6
22.5
2.7
94.2
4.7
814.0
2,180.0
22.1
863.9
828.1
22.7
1.2
11.9
117.3
47.0
216.7
105.3
44.7
109.7
-212.1
231.7
9.9
18.8
126.7
159.7
172.1
.0
86.4
-190.0
244.2
102.2
30.8
42.5
2.7
26.2
-11.9
793.6
1,679.5
53.5
486.6
495.7
-25.3
-2.3
18.5
186.5
58.8
162.2
65.1
22.9
67.4
-151.8
8.1
21.7
168.0
88.0
372.4
64.9
.0
56.0
-118.8
57.6
445.0
426.3
-37.7
54.1
24.6
593.0
1,685.1
71.3
263.5
252.7
-2.7
3.0
10.5
128.0
18.9
158.2
73.5
44.9
-63.1
-153.7
103.4
.3
104.3
62.1
424.6
90.1
.0
31.9
302.8
10.9
428.9
292.1
63.2
1.1
72.6
-1.9
817.0
1,845.1
57.6
714.7
615.5
86.5
-2.0
14.8
259.2
43.3
154.9
50.6
27.0
-5.1
17.7
125.2
12.7
-106.0
-64.6
332.6
191.4
.0
177.5
-110.7
-37.2
57.1
-81.4
6.9
.8
130.7
.2
788.1
2,082.5
-10.5
982.5
760.2
219.7
-9.4
12.0
8.8
46.5
187.4
89.0
7.5
-4.1
-198.5
206.9
6.4
-65.5
64.7
421.0
4.5
.0
37.3
67.3
211.2
44.6
-76.3
25.1
-.1
95.8
-14.1
750.1
2,607.5
32.0
597.2
426.8
126.6
29.4
14.4
239.7
41.6
65.8
49.2
46.5
1.1
-78.5
123.4
1.7
-66.5
123.5
669.0
14.6
.0
120.1
316.1
296.2
358.7
189.6
18.2
-.6
151.6
16.2
826.7
1,890.4
66.8
695.9
568.9
167.5
-46.1
5.6
141.0
47.8
185.1
78.1
49.4
29.3
-49.2
94.0
4.1
-277.9
178.4
601.3
27.9
.0
89.0
-322.3
237.0
2,061.9
1,666.6
1,928.3
2,213.2
2,714.7
2,829.5
2,563.4
2,747.7
3,089.2
2,927.8
3,388.0
3,092.0
-8.7
-3.0
1.0
48.9
18.1
151.2
45.1
131.1
251.7
169.0
1.5
191.2
262.5
104.4
50.8
113.5
22.9
-88.3
1,177.1
-.4
-4.0
2.4
126.9
12.0
-71.4
188.8
116.2
232.5
114.5
5.3
239.4
402.3
146.1
50.2
189.8
25.9
-52.0
1,379.3
4.3
.0
1.3
6.8
-28.0
204.3
267.1
68.5
428.5
23.7
98.3
201.2
-80.4
3.1
77.2
213.2
14.4
-24.6
674.1
3.2
.0
1.0
21.0
17.4
43.5
270.8
50.0
-16.7
106.6
46.3
182.4
70.8
-87.0
60.1
181.4
22.2
-82.0
480.4
-.9
.0
.6
22.3
-14.6
133.8
254.8
61.8
-207.5
227.2
119.1
288.0
102.4
132.5
66.8
213.9
8.8
-78.3
486.7
152.4
-205.4
180.6
93.0
278.2
-132.4
259.9
89.8
464.1
305.0
285.2
25.5
298.1
37.9
-47.7
1,669.3
16.2
239.0
114.0
404.4
178.1
-85.9
-278.2
99.3
115.6
170.2
177.1
34.7
205.0
23.1
-16.7
1,001.4
.7
79.8
-45.7
78.7
181.8
207.4
-156.1
396.8
-7.9
308.9
217.5
-10.2
37.9
211.8
21.9
-65.0
1,333.9
-3.2
.0
.1
196.6
-8.0
223.3
215.7
322.8
-171.8
-45.8
-43.3
307.6
248.2
214.3
34.4
208.2
15.7
-65.7
1,117.7
-14.5
.0
.8
371.2
145.9
108.4
72.4
258.0
-71.4
580.7
-21.7
400.2
187.0
9.7
56.0
226.8
36.7
-31.2
445.1
.0
1.1
49.8
167.6
.4
229.7
237.3
60.7
424.4
-196.4
223.7
251.6
73.3
56.9
181.1
3.5
-76.5
1,349.2
-8.2
.0
.9
104.8
-247.5
-24.0
445.2
392.8
222.2
173.7
-264.4
179.0
292.2
23.4
56.4
218.5
-3.5
-77.2
709.1
4,701.8
4,770.4
4,081.2
3,584.8
4,531.9
6,581.0
4,957.1
5,537.7
5,856.3
6,428.2
5,285.4
-.7
31.8
3.2
36.3
10.8
-244.6
-1.2
64.1
17.3
133.9
32.6
-367.7
-7.5
17.2
-58.1
21.4
-301.0
-.6
7.9
7.2
40.2
19.7
-42.9
-.3
49.6
-4.4
-31.5
-101.7
-.4
92.4
.7
-127.1
1.6
452.3
.0
-53.1
70.4
-278.7
12.5
649.2
-.3
124.9
-33.4
84.5
21.4
27.0
-.5
82.3
22.2
-159.9
15.7
332.2
.4
339.6
12.8
589.1
-54.7
-585.2
-95.2
-13.1
92.9
4.9
368.5
1.7
34.2
-.6
-115.5
24.9
-84.0
-7.4
-.8
23.6
9.0
-.3
23.5
5.7
-.5
10.9
-1.6
-.7
150.0
-8.9
.0
38.6
70.3
2.2
37.5
-15.3
2.6
-41.9
23.9
2.9
45.9
32.7
3.3
60.3
-18.3
5.0
-56.9
-35.5
5.4
1.1
29.7
6.8
33.2
4,849.7
4,859.3
4,393.2
3,405.5
4,612.5
6,051.4
4,611.4
5,240.7
5,467.9
5,456.2
6,098.4
5,355.0
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
33 Netflowsthrough credit markets
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
Other financial sources
Official foreign exchange
Special drawing rights certificates
Treasury currency
Foreign deposits
Net interbank transactions
Checkable deposits and currency
Small time and savings deposits
Large time deposits
Money market fund shares
Security repurchase agreements
Corporate equities
Mutual fund shares
Trade payables
Security credit
Life insurance reserves
Pension fund reserves
Taxes payable
Noncorporate proprietors' equity
Miscellaneous
53 Total financial sources .
54
55
56
57
58
59
Liabilities not identified as assets (-)
Treasury currency
Foreign deposits
Net interbank liabilities
Security repurchase agreements . . . .
Taxes payable
Miscellaneous
Floats not included in assets (-)
60 Federal government checkable deposits
61 Other checkable deposits
62 Trade credit
63 Total identified to sectors as assets .. .
1. Data in this table also appear in the Board's Z.I quarterly statistical release, tables F.I
and F.5, available at www.federalreserve.gov/releases.
2. Excludes corporate equities and mutual fund shares.
38
Federal Reserve Bulletin Statistical Supplement • February 2006
1.59
SUMMARY OF CREDIT MARKET DEBT OUTSTANDING1
Billions of dollars, end of period
Transaction category or sector
Q2
Ql
Q3
Q4
Q1
Q2
Q3
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors
By sector and instrument
2 Federal government
3
Treasury securities
4
Budget agency securities and mortgages .
5 Nonfederal
18,051.6
19,146.8
20,465.9
22,149.6
22,582.2
22,987.1
23,501.6
24,090.5
24,583.5
25,070.2
25,663.8
3,385.1
3,357.8
27.3
3,379.5
3,352.7
26.8
3,637.0
3,609.8
27.3
4,033.1
4,168.9
4,209.6
4,008.2
24.9
4,143.8
25.1
4,185.4
24.2
4,292.9
4,268.7
24.2
4,395.0
4,370.7
24.3
4,559.7
4,535.6
4,516.8
4,493.1
23.7
4,589.6
4,566.0
23.6
14,666.5
16,828.9
6
7
8
9
10
11
12
13
14
15
16
By instrument
Commercial paper
Municipal securities and loans
Corporate bonds
Bank loans n.e.c
Other loans and advances
Mortgages
Home
Multifamily residential
Commercial
Farm
Consumer credit
278.4
1,480.9
2,230.3
1,338.0
932.1
6,677.1
5,075.2
388.2
1,103.5
110.2
1,729.8
190.1
1,603.7
2,578.0
1,257.0
941.0
7,335.4
5,571.3
17
18
19
20
21
22
By borrowing sector
Households
Nonfinancial business
Corporate
Nonfarm noncorporate
Farm
State and local government
19,208.7
18,413.3
141.7
2,128.6
146.2
2,120.8
119.6
2,174.5
2,983.1
1,235.8
1,040.7
11,355.1
8,821.1
615.1
1,770.6
148.3
2,165.4
9,882.9
7,680.9
5,081.4
2,382.0
217.5
1,644.9
10,169.4
7,848.2
5,200.5
2,428.6
219.1
1,678.0
10,324.4
7,971.3
5,277.3
2,477.7
216.2
1,728.1
10,621.5
8,160.6
5,388.3
2,548.2
224.1
1,771.2
10,959.5
8,307.4
5,474.4
2,602.2
230.8
1,807.2
814.7
839.1
891.1
895.9
918.7
945.8
183.4
529.9
60.9
40.5
189.2
551.6
58.7
39.7
228.7
560.2
63.3
38.9
232.6
559.0
66.3
38.0
242.1
574.2
65.0
37.3
270.1
573.3
66.3
36.0
23,801.9
24,340.7
24,981.6
95.5
1,940.4
2,897.1
1,107.1
102.5
1,974.0
2,898.8
1,127.7
969.5
9,381.3
7,235.0
976.8
9,664.0
7,465.8
428.8
1,217.5
117.8
1,862.0
535.9
1,437.1
133.6
2,037.5
541.8
1,469.2
135.3
2,022.3
558.7
1,501.2
138.3
2,033.7
109.3
1,993.7
2,911.7
1,120.6
971.1
10,024.3
7,768.3
569.3
1,546.2
140.5
2,078.0
6,960.6
6,513.6
4,535.4
1,796.7
181.5
1,192.3
7,561.1
6,908.1
4,756.7
1,959.3
192.0
1,298.1
8,297.3
7,089.6
4,781.9
2,107.8
199.8
1,442.0
9,142.9
7,413.9
4,942.3
2,264.0
207.6
1,559.7
9,324.9
7,489.9
4,985.5
2,298.7
205.6
1,598.6
9,574.7
7,576.0
5,022.3
2,341.1
212.5
1,626.9
23 Foreign credit market debt held in
United States
727.6
683.9
754.6
808.9
829.9
24
25
26
27
120.9
486.0
70.5
50.2
106.7
142.8
467.5
63.2
46.4
499.1
68.6
165.1
541.0
60.9
42.0
190.0
539.9
59.2
40.8
22,958.5
23,412.1
44.1
19,830.6
21,074.2
114.6
2,135.0
2,962.4
1,224.4
1,041.1
10,955.0
8,502.0
607.4
1,699.4
85.9
1,898.2
2,868.6
1,122.3
971.3
9,132.7
7,026.2
28 Total credit market debt owed by nonfinancial
sectors, domestic and foreign
20,023.8
115.6
2,085.9
2,954.9
1,172.5
1,010.3
10,581.0
8,209.6
591.4
1,637.0
143.0
2,103.7
126.0
1,763.1
2,710.3
1,170.0
961.3
8,149.1
6,244.2
466.0
1,313.5
125.5
1,949.1
Commercial paper
Bonds
Bank loans n.e.c
Other loans and advances
24.1
101.7
2,031.3
2,946.3
1,155.9
996.3
10,335.5
8,013.7
583.6
1,596.4
25,988.9
Financial sectors
29 Total credit market debt owed by
financial sectors
30
31
32
33
34
35
36
37
38
39
By instrument
Federal government-related
Government-sponsored enterprise securi
Mortgage pool securities
Loans from U.S. government
Private
Open market paper
Corporate bonds
Bank loans n.e.c
Other loans and advances
Mortgages
40
41
42
43
44
45
46
47
48
49
50
51
52
By borrowing sector
Commercial banks
Bank holding companies
Savings institutions
Credit unions
Life insurance companies
Government-sponsored enterprises
Federally related mortgage pools
Issuers of asset-backed securities (ABSs) .
Brokers and dealers
Finance companies
Mortgage companies
Real estate investment trusts (REITs) . . . .
Funding corporations
8,104.8
8,982.3
9,805.6
10,800.8
10,950.6
11,162.2
11,365.3
11,614.7
11,737.9
12,040.6
12,219.3
4,319.7
1,826.4
4,962.3
5,509.0
2,350.4
6,083.3
2,594.1
3,489.1
.0
6,104.4
6,170.7
6,214.1
6,201.3
6,153.8
6,153.8
6,141.9
2,594.3
2,670.5
3,543.6
.0
2,659.2
3,542.2
.0
2,606.8
2,585.7
2,524.8
3,547.1
.0
3,568.1
.0
3,617.2
.0
4,846.2
2,647.3
3,523.5
.0
4,991.5
5,151.2
1,022.0
5,413.4
1,076.3
3,520.3
113.2
5,584.0
1,087.9
3,668.9
5,886.7
6,077.3
1,179.2
1,216.7
3,847.3
3,980.5
114.6
575.8
578.6
127.7
134.0
109.5
611.9
138.8
121.7
614.5
143.8
357.5
381.3
373.0
403.3
324.3
11.8
10.7
383.4
408.6
344.1
12.5
11.2
421.5
344.3
12.6
11.3
3,785.2
1,214.7
1,957.8
91.1
2,130.6
2,831.8
.0
4,019.9
1,169.4
2,197.2
104.1
438.3
83.4
463.7
85.6
266.7
242.5
287.7
3.4
2.5
.,826.4
2,493.2
.,475.5
40.9
778.0
296.0
2,493.2
.0
Open market paper
U.S. government securities .
Municipal securities
Corporate and foreign bonds
Bank loans n.e.c
Other loans and advances . .
Mortgages
Consumer credit
4,296.6
1,105.9
4,717.5
1,042.1
2,520.9
2,970.8
105.6
470.5
100.8
501.7
102.1
93.8
325.5
286.4
262.3
6.9
339.3
3.1
2,130.6
2,831.8
1,706.0
42.3
5.1
2,350.4
779.2
8.0
2,594.1
3,489.1
2,093.3
47.0
939.6
266.1
285.7
4.9
3,158.6
1,887.8
40.6
321.8
268.3
9.1
3,510.2
.0
1,055.0
3,061.1
104.8
516.6
108.7
1,028.2
3,193.2
355.8
347.5
267.2
8.4
7.9
2,594.3
358.7
99.2
558.1
112.7
3,344.6
112.5
554.3
117.8
308.0
9.6
8.6
2,647.3
3,523.5
356.8
366.6
308.2
9.9
8.6
2,670.5
3,543.6
332.8
11.4
11.1
2,659.2
3,542.2
2,606.8
2,585.7
2,524.8
2,314.0
2,415.1
3,547.1
2,516.6
60.0
959.0
60.6
963.1
68.9
995.1
62.2
65.0
16.0
244.4
456.1
16.0
16.0
1,067.7
16.0
260.4
440.8
285.8
1,057.4
16.0
340.1
3,568.1
2,690.1
63.7
1,068.3
16.0
3,617.2
2,214.1
421.3
428.5
359.2
436.5
382.4
506.2
398.8
498.8
3,510.2
2,123.8
351.5
389.1
2,840.6
68.2
1,076.0
16.0
16.0
168.0
16.0
171.2
821.4
16.0
195.7
503.9
449.3
448.8
16.0
227.7
447.4
28,812.9
31,026.1
33,759.2
34,362.7
34,964.1
35,706.0
36,596.3
37,217.3
38,029.5
38,828.8
1,466.2
8,341.8
1,603.7
5,242.7
1,424.3
1,451.1
7,421.0
1,862.0
1,374.7
9,146.0
1,763.1
5,730.3
1,344.2
1,475.9
8,242.9
1,949.1
1,293.1
10,116.3
1,898.2
6,380.4
1,283.9
1,515.0
9,234.8
2,037.5
1,340.4
10,273.4
1,940.4
6,498.2
1,271.1
1,527.0
9,490.0
2,022.3
1,314.2
10,380.3
1,974.0
6,621.9
1,287.9
1,575.4
9,776.7
2,033.7
1,320.5
10,507.1
1,993.7
6,807.9
1,291.8
1,565.1
10,142.1
2,078.0
1,406.7
10,596.3
2,031.3
7,026.8
1,332.4
1,611.0
10,463.2
2,128.6
1,436.1
10,713.5
2,085.9
7,182.8
1,353.5
1,626.8
10,715.0
2,103.7
1,535.9
10,670.7
2,135.0
7,383.9
1,398.9
1,690.3
11,093.9
2,120.8
1,606.4
10,731.6
2,174.5
7,537.0
1,423.8
1,691.2
11,498.9
2,165.4
53 Total credit market debt, domestic and foreign
54
55
56
57
58
59
60
61
3,158.6
.0
1,614.0
7,704.8
1,480.9
4,674.1
1,499.6
1,420.5
6,760.5
1,729.8
1. Data in this table appear in the Board's Z.I quarterly statistical release, tables L.2
through L.4, available at www.federalreserve.gov/releases.
Flow of Funds
1.60
39
SUMMARY OF FINANCIAL ASSETS AND LIABILITIES1
Billions of dollars except as noted, end of period
Transaction category or sector
Ql
Q2
Q3
Q4
Q1
Q2
Q3
CREDIT MARKET DEBT OUTSTANDING2
1 Total credit market assets
26,884.0
28,812.9
31,026.1
33,759.2
34,362.7
34,964.1
35,706.0
36,596.3
37,217.3
38,029.5
38,828.8
3,519.4
2,312.4
250.4
65.0
891.5
272.6
2,590.8
20,501.2
511.8
5,006.3
4,419.5
511.3
20.5
55.0
1,088.8
379.7
1,943.9
509.4
624.0
743.2
1,317.5
1,097.7
105.3
1,794.4
2,493.2
1,385.7
851.2
32.1
39.3
223.6
318.9
3,387.0
2,084.6
246.1
71.3
985.0
278.6
2,949.0
22,198.3
551.7
5,210.5
4,610.1
510.7
24.7
65.0
1,133.2
421.2
2,074.8
518.4
637.3
689.4
1,584.9
1,223.8
108.5
2,099.1
2,831.8
1,602.6
846.4
32.1
48.0
316.0
223.8
3,428.8
2,014.4
272.2
70.7
1,071.4
288.2
3,424.1
23,885.1
629.4
5,614.9
5,003.9
516.9
27.8
66.3
1,166.6
463.9
2,307.8
558.3
663.0
638.7
1,567.1
1,368.0
117.1
2,323.2
3,158.6
1,792.5
867.6
32.1
71.8
344.4
138.7
3,692.8
2,223.8
271.3
73.7
1,124.0
285.6
3,918.4
25,862.5
666.7
5,960.8
5,361.7
485.8
36.4
76.9
1,292.6
514.5
2,488.3
625.2
677.2
649.9
1,471.3
1,505.7
153.3
2,559.7
3,489.1
2,004.6
951.8
32.1
97.5
424.1
229.5
3,594.6
2,108.4
266.0
74.4
1,145.8
286.8
4,113.6
26,367.7
674.1
6,135.3
5,525.9
492.9
36.7
79.9
1,348.8
524.2
2,546.3
651.5
688.4
677.3
1,416.9
1,558.9
155.8
2,555.7
3,510.2
2,038.2
989.2
32.1
119.0
405.0
270.5
3,657.0
2,160.0
269.3
75.1
1,152.6
283.8
4,321.2
26,702.1
687.4
6,270.2
5,665.7
484.0
36.1
84.5
1,391.2
541.5
2,586.1
667.8
694.2
694.1
1,352.0
1,558.9
161.2
2,603.8
3,523.5
2,132.8
1,009.9
32.1
133.0
325.5
264.2
3,730.4
2,222.9
269.4
75.6
1,162.5
289.9
4,475.4
27,210.3
700.3
6,336.9
5,734.3
478.6
36.9
87.1
1,426.9
547.7
2,631.6
686.2
705.4
678.4
1,322.1
1,586.7
161.3
2,631.3
3,543.6
2,234.7
1,033.4
32.1
155.8
453.5
266.5
3,882.4
2,326.9
293.9
75.9
1,185.8
289.5
4,679.7
27,744.7
717.8
6,543.0
5,909.7
506.1
36.4
90.8
1,485.4
556.5
2,661.4
698.8
712.1
677.1
1,346.3
1,622.8
164.5
2,605.9
3,542.2
2,326.9
1,081.4
32.1
200.2
394.9
298.4
3,854.8
2,279.3
283.1
76.1
1,216.4
289.5
4,866.7
28,206.2
717.3
6,745.2
6,054.3
563.1
34.0
93.8
1,495.8
566.0
2,713.8
721.1
714.0
676.1
1,294.3
1,670.0
166.0
2,581.4
3,547.1
2,426.1
1,076.8
32.1
209.5
440.0
331.5
3,910.2
2,312.0
281.9
76.1
.,240.3
286.0
5,065.3
28,768.0
724.7
6,909.7
6,178.8
592.1
41.4
97.4
1,550.2
579.0
2,728.9
733.4
725.6
676.4
1,252.7
1,698.0
166.5
2,571.2
3,568.1
2,594.8
.,085.4
32.1
239.5
466.2
379.9
3,941.5
2,294.1
297.0
75.9
1,274.6
290.0
5,277.7
29,319.6
736.4
7,084.1
6,327.2
628.2
29.9
98.8
1,588.6
592.5
2,781.0
752.9
738.0
683.7
1,246.8
1,723.8
167.5
2,503.1
3,617.2
2,740.5
1,094.2
32.1
261.8
442.9
443.2
26,884.0
28,812.9
31,026.1
33,759.2
34,362.7
34,964.1
35,706.0
36,596.3
37,217.3
38,029.5
38,828.8
46.1
2.2
23.2
803.3
221.3
1,413.1
2,860.4
1,052.6
1,812.1
1,197.3
4,435.3
822.7
819.1
9,000.1
2,747.7
204.8
10,669.4
46.8
2.2
24.5
810.1
191.4
1,603.2
3,127.5
1,121.0
2,240.6
1,233.7
4,135.5
825.9
880.0
8,571.8
2,667.3
219.2
11,469.8
55.8
2.2
25.5
831.1
206.0
1,646.7
3,398.3
1,171.0
2,223.9
1,340.3
3,638.4
738.8
920.9
7,814.8
2,738.1
241.4
12,201.4
62.3
61.5
2.2
26.2
891.5
113.4
1,791.8
3,720.7
1,331.5
1,968.9
1,618.4
4,912.0
952.8
1,022.5
9,426.6
2,897.6
264.8
12,960.4
58.9
26.5
895.6
167.1
1,847.7
3,793.5
1,378.6
1,914.8
1,569.2
4,966.2
987.2
1,031.9
9,537.5
2,942.9
270.1
13,089.6
58.7
2.2
26.7
915.5
168.3
1,857.4
3,830.2
1,436.4
1,866.9
1,673.5
4,983.2
985.5
1,038.2
9,534.5
3,003.9
283.1
13,288.8
62.2
2.2
26.7
964.7
187.6
1,929.7
3,876.8
1,504.9
1,879.8
1,650.7
5,436.0
1,037.9
1,060.4
10,150.0
3,075.7
274.9
13,783.7
56.3
2.2
26.9
1,057.5
196.4
1,921.5
3,940.9
1,575.4
1,841.0
1,782.8
5,471.6
1,051.5
1,069.4
9,957.0
3,103.7
289.2
13,802.9
54.3
26.0
853.4
192.9
1,780.6
3,653.1
1,232.8
2,016.4
1,567.5
4,653.2
871.3
1,013.2
9,213.9
2,840.5
250.2
12,714.5
27.2
1,070.0
229.7
1,952.3
3,970.8
1,637.1
.,832.4
1,911.8
5,593.7
.,058.5
1,087.2
10,151.3
3,170.0
290.0
13,991.2
52.0
2.2
27.4
1,096.2
184.1
1,934.1
4,071.2
1,741.5
1,876.6
1,962.9
5,882.0
1,066.3
1,107.5
10,438.9
3,248.6
297.3
13,530.2
51 Total liabilities
65,014.7
67,983.3
70,220.9
76,703.1
78,325.6
79,443.8
80,659.0
83,500.2
84,363.5
86,058.9
87,347.8
Financial assets not included in liabilities (+)
52 Gold and special drawing rights
53 Corporate equities
54 Household equity in noncorporate business . . .
21.6
17,627.0
4,773.4
15,310.6
4,875.8
23.2
11,900.5
5,037.9
23.7
15,618.5
5,387.3
23.7
15,953.0
5,443.9
23.7
16,108.6
5,579.4
23.8
15,771.0
5,778.3
24.6
17,376.8
5,927.4
22.6
16,985.2
6,186.0
22.3
17,138.4
6,416.8
19.3
17,852.5
6,648.0
-8.5
628.6
-4.3
417.9
120.0
-3,296.1
-8.6
621.1
11.1
372.4
93.3
-3,385.4
-9.1
629.0
15.5
412.6
126.3
-3,089.1
-9.5
678.6
12.6
390.7
79.1
-2,768.0
-9.6
701.7
16.5
354.9
68.1
-2,827.5
-9.5
688.4
27.4
306.3
87.5
-2,640.8
-9.6
719.6
20.4
339.8
98.9
-2,562.5
-9.7
740.2
27.3
270.4
103.0
-2,585.5
-9.6
825.1
35.7
414.5
96.2
2,855.6
-9.4
801.3
23.3
459.2
99.4
-2,831.7
-9.0
809.8
27.5
447.4
82.4
-3,320.5
-2.3
22.0
135.0
-12.3
21.6
145.9
-11.7
20.9
295.9
-17.9
20.8
334.5
1.1
17.4
314.1
.1
21.5
254.9
3.1
14.7
280.9
11.2
23.6
359.9
4.9
20.9
314.9
1.7
25.6
264.8
2.5
19.9
289.2
89,424.3
90,332.5
88,792.3
99,011.8
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
Domestic nonfederal nonfinancial sectors
Household
Nonfinancial corporate business
Nonfarm noncorporate business
State and local governments
Federal government
Rest of the world
Financial sectors
Monetary authority
Commercial banking
U.S.-chartered banks
Foreign banking offices in United States . .
Bank holding companies
Banks in U.S.-affiliated areas
Savings institutions
Credit unions
Life insurance companies
Other insurance companies
Private pension funds
State and local government retirement funds
Money market mutual funds
Mutual funds
Closed-end funds
Government-sponsored enterprises
Federally related mortgage pools
Asset-backed securities (ABSs) issuers
Finance companies
Mortgage companies
Real estate investment trusts (REITs)
Brokers and dealers
Funding corporations
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
33 Total credit market debt
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
55
56
57
58
59
60
Other liabilities
Official foreign exchange
Special drawing rights certificates
Treasury currency
Foreign deposits
Net interbank liabilities
Checkable deposits and currency
Small time and savings deposits
Large time deposits
Money market fund shares
Security repurchase agreements
Mutual fund shares
Security credit
Life insurance reserves
Pension fund reserves
Trade payables
Taxes payable
Miscellaneous
Liabilities not identified as assets (-)
Treasury currency
Foreign deposits
Net interbank transactions
Security repurchase agreements
Taxes payable
Miscellaneous
Floats not included in assets (-)
61 Federal government checkable deposits
62 Other checkable deposits
63 Trade credit
64 Totals Identified to sectors as assets
1. Data in this table also appear in the Board's Z.I quarterly statistical release, tables L.I
and L.5, available at www.federalreserve.gov/releases.
101,109.5 102,419.9 103,326.7 107,888.6 108,710.4 110,802.1 113,518.3
2. Excludes corporate equities and mutual fund shares.
40
Federal Reserve Bulletin Statistical Supplement • February 2006
2.12
OUTPUT, CAPACITY, AND CAPACITY UTILIZATION'
Seasonally adjusted
2005
2005
2005
Series
Ql
Q2
Q3
Q4'
Q1
Q2
Q3
Q4
Capacity (percent of 2002 output)
Output (2002=100)
Q1
Q2
Q3
Q4'
Capacity utilization rate (percent)2
1 Total industry
107.2
107.6
108.0
109.5
134.2
134.7
135.3
135.9
79.9
79.9
79.8
80.6
2 Manufacturing
3
Manufacturing (NAICS)
108.3
108.7
108.6
109.0
109.2
109.7
111.6
112.2
137.6
138.9
138.3
139.6
139.1
140.4
139.9
141.3
78.7
78.3
78.5
78.1
78.5
78.1
79.8
79.4
4
5
114.2
102.7
114.9
98.0
116.9
98.4
121.1
103.5
148.5
123.7
150.0
123.8
151.5
123.9
153.2
123.9
76.9
83.0
76.6
79.1
77.1
79.4
79.1
83.6
105.2
114.1
146.1
105.6
114.6
151.8
106.5
115.5
159.6
109.0
120.4
169.8
141.9
144.4
194.5
142.2
144.3
201.2
142.6
144.3
208.6
143.1
144.2
216.6
74.2
79.0
75.1
74.3
79.4
75.4
74.7
80.1
76.5
76.2
83.5
78.4
103.9
110.6
104.4
109.4
107.5
112.9
110.4
112.2
127.2
137.1
126.8
138.2
126.5
139.5
126.2
141.0
81.7
80.7
82.3
79.1
84.9
80.9
87.5
79.6
106.0
102.1
103.2
91.9
110.1
102.0
104.0
90.1
105.6
101.2
104.4
92.1
115.2
101.7
105.6
92.3
159.1
127.4
129.3
121.3
159.8
127.3
129.3
120.3
160.6
127.3
129.4
119.4
161.3
127.2
129.5
118.5
66.6
80.1
79.8
75.8
68.8
80.1
80.4
74.9
65.8
79.5
80.7
77.2
71.4
80.0
81.6
77.9
99.8
106.2
104.1
103.7
102.1
97.6
106.8
104.0
103.2
102.6
96.4
102.8
101.3
104.6
100.8
98.4
99.4
100.9
107.0
101.5
116.0
113.7
135.1
121.3
117.7
115.9
113.9
135.3
121.1
117.8
115.8
114.0
135.6
120.8
117.9
115.7
114.2
135.9
120.5
118.0
86.0
93.4
77.1
85.5
86.8
84.2
93.8
76.8
85.3
87.1
83.2
90.1
74.7
86.6
85.5
85.0
87.1
74.3
88.8
86.0
20 Mining
21 Electric and gas utilities
100.4
103.1
100.4
104.8
96.4
108.2
93.1
107.1
112.2
123.0
112.0
123.0
111.9
122.9
111.9
122.8
89.4
83.9
89.6
85.2
86.1
88.1
83.2
87.2
MEMOS
22 Computers, communications equipment, and
semiconductors
159.5
165.7
175.9
187.3
211.9
221.8
233.6
246.7
75.3
74.7
75.3
75.9
23 Total excluding computers, communications
equipment, and semiconductors
104.7
104.9
105.0
106.1
130.5
130.7
130.8
131.0
80.2
80.3
80.2
81.0
24 Manufacturing excluding computers,
communications equipment, and
semiconductors
105.3
105.4
105.6
107.6
133.3
133.5
133.8
134.0
79.0
78.9
78.9
80.3
6
8
9
10
11
12
13
14
15
16
17
18
19
Durable manufacturing
Primary metal
Fabricated metal products
Computer and electronic products
Electrical equipment, appliances,
and components
Motor vehicles and parts
Aerospace and miscellaneous
transportation equipment
Nondurable manufacturing
Food, beverage, and tobacco products . . . .
Textile and product mills
Paper
Petroleum and coal products
Chemical
Plastics and rubber products
Other manufacturing (non-NAICS)
Selected Measures
2.12
41
OUTPUT, CAPACITY, AND CAPACITY UTILIZATION' —CONTINUED
Seasonally adjusted
1973
1975
Previous cycle2
High
Low
High
Latest cycle3
2006
2005
2005
Series
Low
High
Low
Jan.
Aug.
Sept.
Oct.'
Nov.'
Dec'
Jan.'
Capacity ut lization rate (percent)4
1 Total Industry
88.9
74.1
86.6
70.7
85.1
78.6
79.8
80.3
79.1
79.9
80.6
81.2
80.9
2 Manufacturing
3
Manufacturing (NAICS)
88.3
88.4
71.6
71.4
86.2
86.3
68.4
67.8
85.5
85.5
77.1
76.9
78.6
78.2
78.8
78.4
78.2
77.8
79.4
79.1
79.8
79.5
80.1
79.7
80.5
80.1
89.4
101.9
69.7
69.7
86.8
90.4
62.8
46.9
84.6
94.9
73.4
74.6
76.8
83.9
77.4
79.2
77.2
82.1
79.1
82.9
79.1
83.6
79.1
84.2
79.4
84.0
91.7
94.5
69.7
74.5
82.8
92.6
61.8
58.2
81.7
85.3
72.6
73.9
74.4
79.0
74.7
79.1
74.8
80.5
76.3
82.5
76.2
83.4
76.0
84.5
76.4
83.8
86.9
66.1
89.4
76.4
81.5
75.9
75.0
76.7
76.8
77.1
78.7
79.3
78.9
99.3
95.6
68.0
54.6
91.9
95.2
64.7
45.0
89.0
89.3
77.0
56.0
81.9
79.4
84.8
81.1
86.1
83.1
87.8
82.8
87.4
78.7
87.3
77.3
89.9
78.9
75.8
87.6
67.5
72.4
86.7
85.8
68.8
75.6
87.3
86.9
81.3
81.5
65.5
80.2
69.5
79.7
58.5
78.7
69.7
79.2
71.7
80.2
72.8
80.6
72.8
81.1
86.3
89.5
77.6
61.9
84.5
89.9
80.6
72.6
85.9
91.5
81.1
77.6
80.0
76.2
80.3
76.9
80.8
77.7
81.5
78.4
81.5
77.9
81.9
77.2
81.9
78.6
96.7
92.2
85.3
96.1
86.0
74.3
80.8
69.1
61.8
75.5
95.2
91.7
83.2
90.2
88.5
81.3
70.4
68.0
71.3
86.1
93.6
89.0
85.0
89.5
91.0
85.6
83.0
80.0
76.2
80.7
86.1
92.6
76.9
85.7
87.2
83.1
91.4
75.7
86.2
85.6
83.3
86.3
71.9
88.2
85.1
85.3
83.6
72.7
88.0
85.9
84.0
89.3
74.6
89.1
85.7
85.7
88.3
75.4
89.2
86.3
85.3
91.5
76.2
89.2
87.2
20 Mining
21 Electric and gas utilities
93.6
96.3
87.6
82.7
93.9
88.2
78.7
77.6
86.1
92.7
83.6
84.1
88.9
83.7
88.6
88.2
80.7
88.0
79.6
86.2
83.9
86.5
86.2
89.0
87.7
79.9
MEMOS
22 Computers, communications
equipment, and semiconductors .
84.4
62.4
88.7
74.0
80.9
74.0
75.5
75.6
75.5
74.9
76.0
76.9
76.8
23 Total excluding computers,
communications equipment,
and semiconductors
89.1
74.4
86.7
70.5
85.5
78.8
80.1
80.7
79.5
80.3
81.1
81.7
81.3
24 Manufacturing excluding computers,
communications
equipment, and semiconductors .
88.4
71.9
86.3
68.1
86.0
77.3
78.9
79.2
78.6
80.0
80.3
80.5
81.0
4
5
Durable manufacturing
Primary metal
6
7
8
14
Fabricated metal products . . . .
Machinery
Computer and electronic
products
Electrical equipment,
appliances, and
components
Motor vehicles and parts
Aerospace and
miscellaneous
transportation equipment .
Nondurable manufacturing
Food, beverage, and tobacco
products
Textile and product mills . . . .
15
16
17
18
19
Paper
Petroleum and coal products . .
Chemical
Plastics and rubber products . .
Other manufacturing (non-NAICS) .
9
10
11
12
13
NOTE: The statistics in this release cover output, capacity, and capacity utilization in the
industrial sector, which is defined by the Federal Reserve to comprise manufacturing, mining,
and electric and gas utilities. Mining is defined as all industries in sector 21 of the North
American Industry Classification System, or NAICS; electric and gas utilities are those in
NAICS sectors 2211 and 2212. Manufacturing comprises NAICS industries (sector 31-33)
plus the logging industry and the newspaper, periodical, book, and directory publishing
industries. Logging and publishing are classified elsewhere in NAICS (under agriculture and
information respectively), but historically they were considered to be manufacturing and were
included in the industrial sector under the Standard Industrial Classification (SIC) system. In
December 2002, the Federal Reserve reclassified all its industrial output data from the SIC
system to NAICS.
1. Data in this table also appear in the Board's G.17 (419) monthly statistical release, on
the Board's website www.federalreserve.gov/releases/gl7. The latest historical revision of the
industrial production index and the capacity utilization rates was released in November 2005.
The recent annual revision will be described in an upcoming issue of the Federal Reserve
Bulletin.
2. Monthly highs, 1978-80; monthly lows, 1982.
3. Monthly highs, 1988-89; monthly lows, 1990-91.
4. Capacity utilization is calculated as the ratio of the Federal Reserve's seasonally
adjusted index of industrial production to the corresponding index of capacity.
42
2.13
Federal Reserve Bulletin Statistical Supplement • February 2006
INDUSTRIAL PRODUCTION
Indexes and Gross Value'
Monthly data seasonally adjusted
Group
2002
proportion
Apr.
May
July
Aug.
Sept.
Oct.r
Nov.r
Dec.
Index (2002=100)
MAJOR MARKETS
1 Total IP
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Market groups
Final products and nonindustrial supplies . .
Consumer goods
Durable
Automotive products
Home electronics
Appliances, furniture, carpeting . . .
Miscellaneous goods
Nondurable
Non-energy
Foods and tobacco
Clothing
Chemical products
Paper products
Energy
106.9
107.4
107.3
107.2
107.4
108.3
108.3
108.6
107.2
108.4
109.5
110.5
59.0
31.1
8.9
4.7
0.4
1.5
2.4
22.1
18.3
9.8
1.0
4.9
2.1
3.9
109.3
105.5
109.4
112.6
120.1
105.5
103.9
104.0
103.8
104.3
85.3
104.8
105.3
104.8
07.1
03.9
06.3
08.2
08.2
04.2
03.6
02.9
03.1
03.5
86.0
03.8
05.6
02.0
107.6
104.7
109.7
113.9
115.0
104.5
103.8
102.8
103.2
103.0
85.8
105.5
104.5
101.1
107.7
104.6
107.7
110.3
113.1
105.5
102.9
103.4
103.1
103.2
85.1
104.7
105.2
104.6
107.7
104.1
106.0
107.8
115.2
102.9
103.0
103.3
103.3
103.2
85.4
105.2
105.6
103.1
108.1
104.6
107.1
109.3
124.7
104.0
102.5
103.5
103.9
104.2
83.3
105.4
106.2
102.0
109.0
105.8
108.5
111.7
120.4
105.6
102.5
104.7
104.0
104.7
82.9
105.2
105.6
107.2
109.1
105.2
107.1
109.5
116.1
105.2
102.3
104.4
103.8
104.7
84.7
104.2
104.7
107.1
109.5
105.6
110.1
114.4
113.6
106.5
103.1
103.9
103.2
103.8
85.0
103.8
104.4
106.5
109.1
106.4
112.7
117.8
113.5
108.5
104.9
103.9
103.7
104.5
85.7
104.2
103.9
105.0
111.0
106.5
113.1
117.3
125.3
108.4
106.3
103.9
104.2
105.3
85.4
104.1
105.3
102.7
111.4
105.9
110.1
111.8
130.9
106.2
106.7
104.3
104.1
105.2
86.2
103.8
105.0
104.9
1118
106.2
109.0
109.7
132.1
105.3
106.9
105.1
104.6
105.7
87.1
104.3
105.6
107.1
111.5
105.8
110.4
111.7
135.5
107.5
106.5
104.0
105.2
105.8
87.4
105.2
107.1
99.5
16
17
18
19
20
Business equipment
Transit
Information processing
Industrial and other
Defense and space equipment
10.3
1.9
3.1
5.3
1.8
119.5
117.2
134.1
112.9
125.7
15.2
11.8
24.4
11.5
19.4
115.9
114.8
125.5
111.2
121.6
116.3
115.1
126.3
111.4
122.5
116.8
116.4
127.4
111.3
124.5
117.9
118.7
129.2
111.7
124.1
118.4
119.3
131.0
111.6
124.9
120.0
118.5
133.9
113.4
126.8
120.1
118.7
136.1
112.5
127.4
115.1
88.9
138.1
113.1
124.6
123.1
121.5
141.3
114.5
127.8
125.5
126.4
144.7
115.6
128.6
126.3
127.9
145.3
116.2
129.6
127.5
131.2
146.0
116.8
128.7
21
22
Construction supplies
Business supplies
4.3
11.2
108.7
107.7
06.0
06.7
106.4
106.1
106.2
106.5
107.3
106.7
107.5
106.7
106.9
107.6
107.5
107.4
108.2
107.9
109.8
107.8
112.4
108.4
113.5
109.2
113.5
110.3
113.5
108.7
23 Materials
24
Non-energy
25
Durable
26
Consumer parts
27
Equipment parts
28
Other
29
Nondurable
30
Textile
31
Paper
32
Chemical
33 Energy
41.0
30.7
19.1
4.0
6.7
8.4
11.6
0.8
2.7
4.5
10.3
106.8
110.3
117.2
102.0
144.0
105.2
99.3
84.5
97.1
100.9
97.9
06.7
09.6
14.7
00.8
36.4
05.3
01.3
87.6
98.4
04.6
99.4
107.0
109.7
115.2
102.4
138.0
104.6
101.0
85.4
98.6
104.9
99.7
106.8
109.4
114.8
100.4
137.8
104.8
100.7
85.1
98.6
103.9
99.8
106.5
109.2
114.9
99.1
139.7
104.5
100.1
83.5
97.5
103.7
99.2
106.5
109.3
115.2
99.5
141.0
104.1
99.8
83.6
96.4
102.6
99.2
107.3
109.5
115.5
102.4
141.7
103.0
99.7
84.4
97.2
102.9
101.3
107.2
109.8
115.9
101.1
143.4
103.2
100.0
85.3
96.1
103.3
100.3
107.4
110.2
117.0
101.6
145.7
104.0
99.3
84.5
96.0
102.1
100.0
104.5
109.4
118.8
103.3
147.2
105.8
94.8
84.3
95.7
90.8
92.8
104.9
110.9
120.1
104.4
149.1
107.0
96.4
84.4
97.1
92.9
90.9
107.1
112.2
121.0
102.1
152.9
107.5
98.4
83.7
96.4
98.5
94.9
108.8
113.5
122.4
102.0
156.6
108.2
99.6
82.1
97.8
100.4
97.2
108.6
114.0
122.8
102.7
157.7
108.1
100.1
82.5
97.3
101.6
95.9
94.8
92.6
105.3
107.9
04.5
06.8
104.9
106.9
104.8
107.1
104.6
107.1
104.7
107.3
105.5
108.0
105.4
108.2
105.5
108.2
104.0
106.5
105.2
107.8
106.2
109.4
107.0
110.6
106.7
110.1
SPECIAL AGGREGATES
34 Total excluding computers, communication
equipment, and semiconductors
35 Total excluding motor vehicles and parts . .
Gross value (billions of 2000 dollars, annual rates)
36 Final products and nonindustrial
supplies
37 Final products
38
Consumer goods
39
Equipment total .
Nonindustrial supplies .
2,990.2
43.5
31.1
12.4
15.5
2,959.2
2,960.9
2,986.5
3,053.1
3,022.8
2,263.7 2,220.4 2,241.9 2,238.6 2,228.2 2,239.3 2,265.9 2,262.5 2,270.1 2,254.5 2,289.8 2,301.1 2,306.6 2,314.4
1,593.0 1,571.0 1,588.6 1,584.7 1,571.5 1,578.3 1,601.0 1,589.7 1,598.1 1,604.8 1,599.3 1,601.3 1,602.3 1,602.7
719.4
711.3
674.9
652.3
656.1
656.8
660.3
664.6
668.2
677.2
676.0
651.3
696.3
706.4
726.8
718.1
717.6
717.2
722.1
721.8
726.5
724.3
727.2
726.9
733.4
741.9
746.6
Selected Measures
2.13
INDUSTRIAL PRODUCTION
43
Indexes and Gross Value1—Continued
Monthly data seasonally adjusted
Group
NAICS
code2
2002
proportion
2005
2006
2005
avg.
Ian.
Feb.
Mar.
Apr.
May
lune
luly
Aug.
Sept.
Oct.'
Nov.'
Dec'
Ian.'
Index (2002=100)
INDUSTRY GROUPS
41 Manufacturing
42
Manufacturing (NAICS)
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
Durable manufacturing
Wood products
Nonmetallic mineral
products
Primary metal
Fabricated metal products .
Machinery
Computer and electronic
products
Electrical equipment,
appliances, and
components
Motor vehicles and parts . .
Aerospace and
miscellaneous
transportation
equipment
Furniture and related
products
Miscellaneous
Nondurable manufacturing . .
Food, beverage, and
tobacco products . . . .
Textile and product mills . .
Apparel and leather
Paper
Printing and support
Petroleum and coal
products
Chemical
Plastics and rubber
products
Other manufacturing
(non-NAICS)
65 Mining
66 Utilities
67
Electric
68
Natural gas
69 Manufacturing excluding
computers, communications
equipment, and
semiconductors
70 Manufacturing excluding motor
vehicles and parts
83.9
79.1
109.6
110.0
108.1
108.4
108.6
109.0
108.2
108.6
108.3
108.6
108.7
109.0
109.0
109.4
109.1
109.6
109.5
110.1
108.9
109.5
110.9
111.5
111.7
112.3
112.2
112.8
113.0
113.6
321
43.6
1.5
117.0
107.7
113.7
108.7
114.8
105.7
114.2
104.9
114.3
104.8
115.0
105.9
115.5
104.4
115.9
104.9
117.3
104.0
117.5
107.2
120.7
112.7
121.1
114.0
121.6
114.7
122.4
112.5
327
331
332
333
2.3
2.3
5.7
5.3
107.2
100.6
106.7
115.7
106.3
103.8
105.4
114.1
106.4
101.9
105.3
114.0
105.1
102.3
105.0
114.3
105.7
99.5
105.5
114.3
105.9
98.9
105.7
114.5
106.4
95.5
105.6
115.0
105.9
95.3
106.1
116.3
105.9
98.2
106.6
114.1
107.2
101.8
106.8
116.1
108.8
102.7
109.0
119.0
111.6
103.5
109.1
120.2
110.4
104.3
108.8
121.8
110.7
104.0
109.6
120.8
334
8.0
156.9
144.3
146.8
147.4
149.5
152.2
153.6
156.5
160.1
162.1
165.0
170.4
174.0
175.2
335
3361-3
2.2
7.4
106.8
112.1
104.3
108.6
103.7
113.4
103.6
109.8
103.5
107.9
104.4
108.8
105.1
111.4
106.3
109.2
107.2
113.1
108.8
116.3
110.9
116.3
110.4
110.9
110.0
109.4
113.4
111.9
3364-9
3.6
109.6
104.2
106.3
107.5
109.5
110.4
110.2
110.9
111.7
94.2
112.2
115.7
117.6
117.9
337
339
1.8
3.3
100.7
110.3
102.5
108.5
102.2
108.9
101.6
108.8
100.0
108.9
100.3
109.0
99.9
109.7
99.8
109.7
100.2
111.6
101.7
111.9
100.5
112.6
100.2
112.2
99.4
111.7
99.3
113.2
35.5
101.8
102.1
102.2
101.9
101.9
101.9
102.1
102.1
101.5
100.1
100.7
102.0
102.5
103.2
311,2
313,4
315,6
322
323
11.4
1.4
1.0
3.1
2.4
104.3
91.6
86.1
98.0
97.7
103.4
92.6
86.4
99.9
97.9
103.0
91.6
86.1
99.6
97.0
103.3
91.5
85.5
99.8
96.4
103.2
89.6
85.8
98.2
96.5
104.3
89.8
83.9
96.8
97.0
104.5
90.8
83.6
97.8
96.5
104.8
91.9
85.5
96.6
97.9
103.9
91.9
85.9
96.2
97.2
104.6
92.6
86.7
96.5
97.9
105.5
93.2
86.5
98.8
98.2
105.5
92.3
87.5
97.2
98.3
106.0
91.3
88.3
99.2
98.2
106.2
92.8
88.3
98.7
98.3
324
325
1.7
10.7
103.7
102.6
105.3
103.8
107.6
104.6
105.7
103.8
106.9
104.1
105.5
103.9
107.9
103.9
105.6
103.7
104.2
102.7
98.5
97.5
95.4
98.8
101.9
101.4
100.9
102.5
104.5
103.7
326
3.8
104.7
104.0
103.7
103.5
103.8
103.1
102.9
103.2
104.1
106.5
106.2
107.4
107.4
107.5
1133,5111
4.8
101.8
102.5
101.5
102.4
102.5
103.2
102.0
101.0
100.9
100.4
101.4
101.1
101.9
102.9
21
2211,2
2211
2212
6.4
9.7
8.3
1.5
97.5
105.8
107.7
96.6
99.9
102.9
104.0
97.3
100.9
101.7
102.9
95.6
100.4
104.8
105.5
101.1
100.5
103.1
104.1
98.3
99.8
102.9
103.2
101.1
100.8
108.3
109.7
101.2
99.8
108.1
109.6
100.9
99.2
108.4
110.1
100.4
90.3
108.1
110.5
96.5
89.1
105.9
109.5
89.6
93.9
106.2
108.9
93.7
96.5
109.2
111.6
97.7
98.1
98.1
101.5
83.0
78.7
106.1
105.2
105.6
105.2
105.1
105.4
105.7
105.6
105.9
105.2
107.1
107.6
108.0
108.7
76.5
109.3
108.0
108.1
108.1
108.3
108.7
108.8
109.1
109.2
108.2
110.4
111.7
112.5
113.1
NOTE: The statistics in this release cover output, capacity, and capacity utilization in the
industrial sector, which is defined by the Federal Reserve to comprise manufacturing, mining,
and electric and gas utilities. Mining is defined as all industries in sector 21 of the North
American Industry Classification System, or NAICS; electric and gas utilities are those in
NAICS sectors 2211 and 2212. Manufacturing comprises NAICS industries (sector 31-33)
plus the logging industry and the newspaper, periodical, book, and directory publishing
industries. Logging and publishing are classified elsewhere in NAICS (under agriculture and
information respectively), but historically they were considered to be manufacturing and were
included in the industrial sector under the Standard Industrial Classification (SIC) system. In
December 2002, the Federal Reserve reclassified all its industrial output data from the SIC
system to NAICS.
1. Data in this table appear in the Board's G.17 (419) monthly statistical release, on the
Board's website www.federalreserve.gov/releases/gl7. The latest historical revision of the
industrial production index and the capacity utilization rates was released in November 2005.
The recent annual revision will be described in an upcoming issue of the Federal Reserve
Bulletin.
2. North American Industry Classification System.
44
Federal Reserve Bulletin Statistical Supplement • February 2006
3.10
U.S. INTERNATIONAL TRANSACTIONS
Summary
Millions of dollars; quarterly data seasonally adjusted except as noted1
Item credits or debits
1 Balance on current account
2
Balance on goods and services
3
Exports
4
Imports
5
Income, net
6
Investment, net
7
Direct
8
Portfolio
9
Compensation of employees
10
Unilateral current transfers, net
-475,211
-421,181
977,276
-1,398,457
10,016
15,453
99,770
-84,317
-5,437
-64,046
11 Change in U.S. government assets other than official
reserve assets, net (increase, - )
-519,679
-494,814
1,022,567
-1,517,381
46,304
51,834
121,842
-70,008
-5,530
-71,169
-668,074
-617,583
1,151,448
-1,769,031
30,439
36,234
127,921
-91,687
-5,795
-80,930
Q3
Q4
Q1
Q2
Q3
-166,982
-157,465
290,370
-447,835
6,254
7,694
30,343
-22,649
-1,440
-15,771
-188,359
-169,221
298,887
-468,108
3,236
4,691
33,413
-28,722
-1,455
-22,374
-198,668
-173,052
306,444
-479,496
643
2,067
28,377
-26,310
-1,424
-26,259
-197,781
-173,599
317,267
-490,866
-1,541
-102
28,490
-28,592
-1,439
-22,641
-195,821
-182,795
320,764
-503,559
512
2,037
34,709
-32,672
-1,525
-13,538
345
971
562
-3,681
0
-475
-2,632
-574
601
1,494
-572
-398
3,826
-623
676
-149
-110
990
-183
1,713
3 763
-145
-797
0
-97
-564
-136
4,766
0
2,976
1,951
-161
-290,691
-38,260
-49,403
-48,568
-154,460
-330,457
-9,574
-24,240
-156,064
-140,579
-859,529
-356,133
-149,001
-102,383
-252,012
-137,943
-44,787
-13,490
-38,444
-41,222
-290,155
-97,263
-74,669
-18,226
-99,997
-91,328
49,278
-74,934
-38,675
-26,997
-225,376
-170,985
8,978
-41,979
-21,390
-129,348
-107,867
-14,599
-33,954
27,072
22 Change in foreign official assets in United States (increase, +)
23
U.S. Treasury securities
24
Other U.S. government obligations
25
Other U.S. government liabilities2
26
Other U.S. liabilities reported by U.S. banks2
27
Other foreign official assets3
115,945
60,466
30,505
137
21,221
3,616
278,275
184,931
39,943
-517
48,643
5,275
394,710
272,648
38,485
488
70,329
12,760
75,792
55,357
11,542
710
4,867
3,316
94,478
41,728
15,040
-158
32,054
5,814
25,277
14,306
24,938
-650
-15,843
2,526
82,646
22,448
21,620
297
34,190
4,091
38,394
9,651
20,471
709
826
6,737
28 Change in foreign private assets in United States (increase, +)
29
U.S. bank-reported liabilities4
30
U.S. nonbank-reported liabilities
31
Foreign private purchases of U.S. Treasury securities, net
32
U.S. currency flows
33 Foreign purchases of other U.S. securities, net
34 Foreign direct investments in United States, net
678,398
96,410
95,932
100,403
21,513
283,299
80,841
610,768
96,675
99,676
104,380
16,640
226,306
67,091
1,045,395
322,627
124,358
106,958
14,827
369,793
106,832
178,436
42,164
14,752
-1,107
2,560
84,401
35,666
363,437
91,458
61,096
15,710
5,313
158,238
31,622
218,174
-67,735
93,897
75,911
1,072
79,973
35,056
293,170
149,069
1,153
9,923
4,507
114,064
14,454
358,525
88,696
24,845
40,863
4,679
160,669
38,773
35 Capital account transactions, net5
36 Discrepancy
37
Due to seasonal adjustment
38
Before seasonal adjustment
-1,363
-23,742
-3,214
-37,753
-1,648
85,126
-393
50,672
-12,977
63,649
-455
19,856
5,718
14,138
-4,466
41,193
15,238
25,955
-315
47,482
-7,710
55,192
-311
-76,767
-16,265
-60,502
12 Change in U.S. official reserve assets (increase, - )
13
Gold
14
Special drawing rights (SDRs)
15
Reserve position in International Monetary Fund
16 Foreign currencies
17 Change in U.S. private assets abroad (increase, - )
18
Bank-reported claims2
19
Nonbank-reported claims
20
U.S. purchase of foreign securities, net
21
U.S. direct investments abroad, net
MEMO
Changes in official assets
39 U.S. official reserve assets (increase, - )
40 Foreign official assets in United States, excluding line 25
(increase, +)
41 Change in Organization of Petroleum Exporting Countries official
assets in United States (part of line 22)
-3,681
1,523
2,805
429
697
5,331
-797
4,766
115,808
278,792
394,222
75,082
94,636
25,927
82,349
37,685
-8,132
1. Seasonal factors are not calculated for lines 11-16, 18-20, 22-35, and 38-41.
2. Associated primarily with military sales contracts and other transactions arranged with
or through foreign official agencies.
3. Consists of investments in U.S. corporate stocks and in debt securities of private
corporations and state and local governments.
4. Reporting banks included all types of depository institutions as well as some brokers
and dealers.
3.12
5. Consists of capital transfers (such as those of accompanying migrants entering or
leaving the country and debt forgiveness) and the acquisition and disposal of nonproduced
nonfinancial assets.
SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis, Survey of Current
Business.
U.S. RESERVE ASSETS
Millions of dollars, end of period
2005
Asset
2002
2003
2006
2004
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.p
1 Total
79,006
85,938
86,824
76,594
74,620
72,243
71,273
70,218
68,773
65,125
65,593
2 Gold stock1
3 Special drawing rights2-3
4 Reserve position in International Monetary
Fund2
5 Foreign currencies4
11,043
12,166
11,043
12,638
11,045
13,582
11,041
11,243
11,041
11,206
11,041
8,304
11,041
8,245
11,041
8,224
11,041
8,180
11,043'
8,210
11,043
8,302
21,979
33,818
22,535
39,722
19,479
42,718
15,274
39,036
13,438
38,935
13,336
39,563
13,245
38,742
12,720
38,234
12,097
37,445
8,036
37,839
7,639
38,609
NOTE: The data presented in this table are available in the monthly statistical release "U.S.
Reserve Assets; Foreign Official Assets Held at Federal Reserve Banks," on the Board's
website at www.federalreserve.gov/releases.
1. Gold held "under earmark" at Federal Reserve Banks for foreign and international
accounts is not included in the gold stock of the United States; see table 3.13, line 3. Gold
stock is valued at $42.22 per fine troy ounce.
2. Special drawing rights (SDRs) are valued according to a technique adopted by the
International Monetary Fund (IMF) in July 1974. Values are based on a weighted average of
exchange rates for the currencies of member countries. From July 1974 through December
1980, sixteen currencies were used; since January 1981, five currencies have been used. U.S.
SDR holdings and reserve positions in the IMF have also 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.
Summary Statistics
3.13
45
FOREIGN OFFICIAL ASSETS HELD AT FEDERAL RESERVE BANKS'
Millions of dollars, end of period
2005
Asset
2002
2003
June
1 Deposits
Held in custody
2 U.S. Treasury securities2
3 Earmarked gold3
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.'
136
162
80
103
83
81
96
88
82
83
83
678.106
9,045
845.080
8,971
1.041.215
8,967
1,058,972
8,967
1,070,625
8,967
1.075.098
8,967
1.056.594
8,967
1.060.857
8,967
1.073.710
8,967
1.069.014
8,967
1.080.198
8,967
NOTE: The data presented in this table are available in the monthly statistical release "U.S.
Reserve Assets; Foreign Official Assets Held at Federal Reserve Banks," on the Board's
website at www.federalreserve.gov/releases.
1. Excludes deposits and U.S. Treasury securities held for international and regional
organizations.
3.15
2006
2004
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.
SELECTED U.S. LIABILITIES TO FOREIGN OFFICIAL INSTITUTIONS
Millions of dollars, end of period
2005
2004
Item
2003
2004
1
1
1 Total
By type
2 Liabilities reported by banks in the United States2
June "
June
8
Dec.
Sept.
Nov.
Oct.
1,963,231' 1,980,049'
Dec'
1,997,802' 2,004,021
1,445,526
1,909,034
1,665,335
1,780,503
1,909,034
189.824
212,032
270,387
245,199
234,553
248,862
234,553
248,862
270.387
245,199
289.582'
195,367
288.995'
199,801
285.811'
214,852
294.657
201,863
719,302
2,613
321,755
986,454
1,630
405,364
844,444
1,569
335,907
910,456
1,569
385,063
986,454
1,630
405,364
1,033,460
929
443,893
1,038,356
936
451,961
1,042,087
942
454,110
1,047,697
948
458,856
306,272
5,112
72,869
1,034,751
8,857
17,652
357,317
7,806
112,605
1,388,410
10,843
31,864
334,000
6,578
98,106
1 201 702
10,187
14,749
340,412
7,631
104,911
1 296 622
10,812
19,926
357,317
7,806
112,605
1 388 410
10,843
31,864
368,206
7,605
111,874
1 435 694
10,914
28,749'
378,193
8,137
115,317
1 437 605
10,958
29,650'
381,371
7,683
123,099
1 441 460
14,047
29,953'
382,015
8,061
118,602
1 450 010
16,241
28,903
U.S. Treasury bonds and notes
5
Nonmarketable4
6 U.S. securities other than U.S. Treasury securities5
By area
7 Europe1
9 Latin America and Caribbean
11 Africa
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.
3.16
LIABILITIES TO, AND CLAIMS ON, FOREIGNERS
Payable in Foreign Currencies
6. Data in the two columns shown for this date reflect different benchmark bases for
foreigners' holdings of selected U.S. long-term securities. Figures in the first column are
comparable to those for earlier dates; figures in the second column are based in part on a
benchmark survey as of end-June 2004 and are comparable to those shown for the following
dates.
SOURCE: Based on U.S. Department of the Treasury data and on data reported to the
Treasury by banks (including Federal Reserve Banks) and securities dealers in the United
States, and in periodic benchmark surveys of foreign portfolio investment in the United
States.
Reported by Banks in the United States1
Millions of dollars, end of period
2004
Item
2001
2002
2005
2003
Dec.
Mar.
June
Sept.
2
3
Deposits
Other liabilities
79,363
n.a.
n.a.
80,543
n.a.
n.a.
63,119
36,674
26 ,AAi
98,349
52,410
45,939
91,509
51,305
40,204
102,989
55,982
47,007
108,305
60,840
47,465
5
Deposits
74,640
44,094
30,546
71,724
34,287
37,437
81,669
38,102
43,567
129,544
51,029
78,515
110,063
47,433
62,630
109,277
47,053
62,224
102,541
43,649
58,892
8
Deposits
17,631
n.a.
n.a.
35,923
n.a.
n.a.
21,365
5,064
16,301
32,056
8,519
23,537
41,261
21,014
20,247
45,207
21,686
23,521
45,076
21,574
23,502
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.
46
Federal Reserve Bulletin Statistical Supplement • February 2006
3.17
LIABILITIES TO FOREIGNERS
Payable in U.S. dollars
Reported by Banks in the United States1
Millions of dollars, end of period
July
Aug.
Sept.
BY HOLDER AND TYPE OF LIABILITY
1 Total, all foreigners
2 Banks' own liabilities
By type of liability
3
Deposits2
4
Other
5
Of which: repurchase agreements3
6
Banks' custody liabilities4
By type of liability
7
U.S. Treasury bills and certificates5
8
Other negotiable and readily transferable
instruments'"
9
Of which: negotiable time
certificates of deposit held in custody
for foreigners
10
Of which: short-term agency securities7 . . .
11
Other
2,315,606
3,007,550
2,082,981
,285,326
!,152,354
2,178,789
>, 236,964 2,252,429
2,227,495
!, 305,839 2,285,326
852,803
824,390
460,191
638,413
955,072
1,127,909
665,127
1,046,012
1,239,314
700,881
780,130
990,369
1,161,985
674,633
975,141
1,203,648
677,002
1,044,949
1,207,480
719,088
986,816
1,240,679
729,065
808,297
785,880
1,027,517
1,209,447
690,063
768,737
764,272
780,055
1,048,831
1,257,008
726,434
781,401
277,613
270,784
252,174
258,264
321,674
310,864
302,589
313,245
258,797
3,065,456
828,535
318,783
259,575
315,169
2,960,651 2,964,669
271,491
3,087,240
3,065,456
3,005,701
,677,193
275,506
1,046,012
1,239,314
700,881
780,130
259,575
320,554
34,394
83,633
176,842
48,260
152,789
194,583
53,509
136,721
200,001
55,494
144,067
209,010
51,887
132,475
204,232
50,732
126,541
198,478
51,299
132,250
209,509
55,929
125,064
208,546
54,340
122,035
194,581
53,509
136,721
200,001
14,149
12,577
6,134
6,443
1,572
110
15,654
10,363
6,098
4,265
5,291
1,879
17,631
12,450
4,865
7,585
5,181
1,085
16,638
10,729
5,359
5,370
5,909
2,247
16,212
10,640
5,020
5,620
5,572
2,122
16,454
10,540
5,781
4,759
5,914
2,131
17,894
11,593
5,615
5,978
6,301
2,097
18,721
13,455
5,888
7,567
5,266
939
17,103
11,179
3,730
7,449
5,924
1,026
17,631
12,450
4,865
7,585
5,181
1,085
1,462
0
3,412
4,096
0
3,571
91
3,448
2
3,779
4,197
7
4,325
4,896
4,096
401,856
117,737
24,208
93,529
515,586
145,516
26,613
118,903
496,520
168,994
45,276
123,718
493,629
162,252
39,098
123,154
490,257
169,936
38,951
130,985
490,944
171,533
40,882
130,651
484,949
169,576
39,338
130,238
488,796
175,429
40,730
134,699
500,663
176,339
44,587
131,752
496,520
168,994
45,276
123,718
284,119
212,032
370,070
245,199
327,526
201,863
331,377
204,897
320,321
203,174
319,411
205,404
315,373
195,367
313,367
199,801
324,324
214,852
327,526
201,863
69,638
2,449
123,165
1,706
124,538
1,125
121,942
4,538
116,789
358
113,466
541
119,019
987
111,871
1,695
108,590
882
124,538
1,125
1,380,639
1,163,309
706,536
456,773
217,330
18,267
1,574,793
1,354,437
773,703
580,734
220,356
26,978
1,788,736
1,565,574
840,742
724,832
223,162
23,723
1,676,828
1,440,173
791,523
648,650
236,655
33,704
1,666,535
1,436,112
773,784
662,328
230,423
28,491
1,717,782
1,493,314
827,029
666,285
224,468
29,867
1,725,142
1,499,359
838,244
661,115
225,783
23,331
1,704,175
1,472,597
783,632
688,965
231,578
24,700
1,787,623
1,569,816
845,118
724,698
217,807
22,360
1,788,736
1,565,574
840,742
724,832
223,162
23,723
49,311
149,752
52,400
140,978
48,756
150,683
47,176
155,775
47,678
154,254
43,290
151,311
40,696
161,756
47,789
159,089
48,939
146,508
48,756
150,683
36 Other foreigners''
37
Banks' own liabilities
38
Deposits2
39
Other
518,962
383,570
115,925
267,645
805,483
572,665
148,658
424,007
762,569
538,308
155,129
383,179
773,556
539,200
154,389
384,811
791,665
562,101
157,386
404,715
780,521
561,577
153,825
407,752
788,716
571,901
161,752
410,149
795,858
566,014
156,566
409,448
781,851
548,505
155,396
393,109
762,569
538,308
155,129
383,179
40
41
42
135,392
28,388
232,818
44,727
224,261
32,904
234,356
36,765
229,564
36,997
218,944
34,089
216,815
31,379
229,844
32,824
233,346
37,268
224,261
32,904
82,363
24,641
136,192
51,899
143,164
48,193
148,985
48,606
142,949
49,618
138,233
46,622
138,677
46,759
149,260
47,760
148,889
47,189
143,164
48,193
12 Nonmonetary international and regional organizations5 . .
13
Banks' own liabilities
14
Deposits2
15
Other
16
Banks' custody liabilities4
17
U.S. Treasury bills and certificates5
18
Other negotiable and readily transferable
instruments'"
Other
19
20 Official institutions9
21
Banks' own liabilities
22
Deposits2
23
Other
24
25
26
27
Banks' custody liabilities4
U.S. Treasury bills and certificates5
Other negotiable and readily transferable
instruments''
Other
28 tanks10
29
Banks' own liabilities
30
Deposits2
31
Other
32
Banks' custody liabilities4
33
U.S. Treasury bills and certificates5 . .
34
Other negotiable and readily
transferable instruments'"
35
Other
43
Banks' custodial liabilities
U.S. Treasury bills and certificates5 .
Other negotiable and readily
transferable instruments''
Other
MEMO
44 Own foreign offices12
1. Reporting banks include all types of depository institutions as well as some banks/
financial holding companies and brokers and dealers. Excludes bonds and notes of maturities
longer than one year. Effective February 2003, coverage is expanded to include liabilities of
brokers and dealers to affiliated foreign offices.
2. Non-negotiable deposits and brokerage balances.
3. Data available beginning January 2001.
4. Financial claims on residents of the United States, other than long-term securities, held
by or through reporting banks for foreign customers. Effective February 2003, also includes
loans to U.S. residents in managed foreign offices of U.S. reporting institutions.
5. Includes nonmarketable certificates of indebtedness and Treasury bills issued to official
institutions of foreign countries.
6. Principally bankers acceptances, commercial paper, negotiable time certificates of
deposit, and short-term agency securities.
7. Data available beginning January 2001.
8. Principally the International Bank for Reconstruction and Development, the InterAmerican Development Bank, and the Asian Development Bank. Excludes "holdings of
dollars" of the International Monetary Fund.
9. Foreign central banks, foreign central governments, and the Bank for International
Settlements.
10. Excludes central banks, which are included in "Official institutions." Includes positions with affiliated banking offices also included in memo line (44) above.
11. As of February 2003, includes positions with affiliated non-banking offices also
included in memo line (44) above.
12. For U.S. banks, includes amounts owed to own foreign branches and foreign subsidiaries consolidated in the 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 office, and to
foreign branches, agencies, or wholly owned subsidiaries of the head office or parent foreign
bank. Effective February 2003, includes amounts owed to affiliated foreign offices of U.S.
brokers and dealers.
Bank-Reported Data
3.17
LIABILITIES TO FOREIGNERS
Payable in U.S. dollars
47
Reported by Banks in the United States1—Continued
Millions of dollars, end of period
July
Aug.
Sept.
Nov.
Dec.
AREA OR COUNTRY
45 Total, all foreigners
2,315,606
2,911,516
3,065,456
2,960,651
2,964,669
3,005,701
3,016,701" 3,007,550' 3,087,240' 3,065,456
46 Foreign countries
2,301,457
2,895,862
3,047,825
2,944,013
2,948,457
2,989,247
2,998,807' 2,988,829' 3,070,137' 3,047,825
781,550
4.826
9,359
3,631
1,783
40,719
46,806
1,264
6,215
35,855
15,857
22,429
952
41,673
9,902
7,082
110,626
13,748
332,528
20,802
162
55,331
1,050,895
4,355
13,512
3,147
1,088
81,852
54,822
1,178
7,198
50,305
18,170
32,742
1,545
70,186
8,410
6,118
99,224
5,188
470,304
21,262
110
100,179
1,213,887
3,593
16,043
1,537
3,612
71,331
56,905
1,234
7,094
55,562
14,606
25,981
2,717
101,335
9,487
4,771
139,151
9,895
558,266
29,569
119
101,079
1,128,681
4,060
15,811
1,877
1,916
79,596
56,266
1,424
7,987
57,962
17,513
20,740
2,093
85,023
13,018
5,888
106,162
6,787
522,234
26,093
103
96,128
1,129,775
4,473
16,304
5,709
2,398
85,014
59,308
1,063
7,741
56,346
20,512
21,084
2,345
85,164
12,479
4,086
100,695
7,998
515,141
23,635
104
98,176
1,198,691
4,174
15,302
2,010
1,941
90,213
64,879
1,528
8,470
56,670
17,749
1,183,763' 1,173,282' 1,245,750' 1,213,887
4,141
5,243
4,095
3,593
19,069
18,862
17,892
16,043
2,413
1,765
2,364
1,537
1,367
972
747
3,612
88,155
87,625
77,750
71,331
60,068
61,615
64,650
56,905
1,237
1,375
1,113
1,234
9,883'
6,814'
5,589
7,094
59,764
64,476
58,600
55,562
18,727
22,233
18,729
14,606
24,911
20,338
31,499
25,981
2,860
3,747
2,680
2,717
88,986
90,716
86,022
101,335
10,850
11,200
9,361
9,487
4,671
3,078
3,959
4,771
149,383'
146,994'
95,612'
139,151
10,214
6,946
5,735
9,895
559,532'
553,378'
531,232'
558,266
29,568
27,230
27,614
29,569
111
100
102
119
94,322'
94,594'
87,917
101,079
47 Europe
48 Austria
49
Belgium13
50
Denmark
51
Finland
52 France
53
Germany
54
Greece
55
Italy
56 Luxembourg13
57
Netherlands
58
Norway
59 Portugal
60
Russia
61
Spain
62
Sweden
63
Switzerland
64 Turkey
65
United Kingdom
66
Channel Islands and Isle of Man14
67
Yugoslavia15
68
Other Europe and other former U.S.S.R."'
2^964
83,616
11,962
4,909
159,069
6,601
528,245
25,886
111
90,359
35,590
34,248
33,190
33,086
37,301
40,679
38,428
38,436
37,331
33,190
70 Latin America
71
Argentina
72
Brazil
73
Chile
74
Colombia
75
Ecuador
76
Guatemala
77
Mexico
78 Panama
79
Peru
80
Uruguay
81
Venezuela
82
Other Latin America17
110,566
9,758
16,283
4,438
4,235
2,567
1,547
35,389
4,093
1,401
3,670
21,222
5,963
135,970
10,817
15,186
7,299
6,286
2,687
1,530
50,575
4,513
1,971
4,150
24,573
6,383
133,238
9,600
11,968
8,896
6,429
3,357
1,643
42,585
5,260
3,063
4,669
27,216
8,552
133,664
9,660
17,807
7,276
5,575
2,499
2,044
42,658
4,761
3,336
4,932
25,396
7,720
128,109
9,986
15,139
6,878
6,029
2,927
1,959
38,051
4,770
3,469
4,880
26,428
7,593
131,770
9,565
16,126
7,312
6,048
2,541
1,848
41,718
4,401
3,679
4,991
25,913
7,628
125,684'
9,320
12,860
6,987
6,122
2,832
1,638
40,084'
4,552
3,183
4,987
25,395
7,724
131,863'
9,568
13,754
6,733
7,025
2,956
1,642
41,838'
4,769
3,135
4,853
27,608
7,982
144,972'
9,981
17,594
7,467'
6,700
3,024
1,632
49,333'
4,969
2,613
4,979
28,232
8,448
133,238
9,600
11,968
8,896
6,429
3,357
1,643
42,585
5,260
3,063
4,669
27,216
8,552
83 Caribbean
84
Bahamas
85
Bermuda
86
Cayman Islands15
87
Cuba
88 Jamaica
89
Netherlands Antilles
90 Trinidad and Tobago
91
Other Caribbean"
969,986
153,554
38,964
739,204
96
669
8,689
1,253
27,557
1,212,209
186,097
92,577
884,980
110
829
5,863
1,624
40,129
1,217,583
212,764
52,166
910,676
120
917
5,733
2,830
32,377
1,207,145
201,828
60,953
905,856
113
790
4,846
2,017
30,742
1,214,314
189,942
63,797
919,117
115
1,230
5,736
2,415
31,962
1,177,489
185,055
64,973
886,603
115
707
5,936
2,381
31,719
92 Asia
China
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea (South)
Philippines
Thailand
Middle Eastern oil-exporting countries19
Other
373,024
420,635
408,249
393,279
390,239
396,191
400,309
397,267
396,815
408,249
13,236
26,808
49,557
14,534
14,373
12,223
162,003
12,647
1,683
7,226
23,626
35,108
52,767
26,496
42,788
11,154
5,903
11,214
167,008
12,421
2,949
11,355
38,257
38,323
46,458
23,277
34,400
13,737
4,306
9,789
155,515
27,091
3,770
9,973
49,545
30,388
59,318
22,089
42,190
12,963
2,444
7,354
148,919
15,574
2,669
10,320
39,149
30,290
51,335
19,938
43,365
14,176
2,635
8,104
150,864
17,011
2,594
9,676
40,960
29,581
52,203
21,918
42,472
12,717
2,296
7,237
150,267
19,397
2,602
9,246
44,001
31,835
57,494
19,982
37,027
11,561
2,805
6,675
154,041
20,581
2,592
10,397
46,853
30,301
50,030
20,719
38,004
11,162
3,226
6,484
152,935
21,111
3,167
12,289
49,516
28,624
42,495
20,484
36,001
12,083
3,521
5,964
152,194
26,108
3,000
11,032
52,900
31,033
46,458
23,277
34,400
13,737
4,306
9,789
155,515
27,091
3,770
9,973
49,545
30,388
105 Africa
106
Egypt
107
Morocco
108
South Africa
109
Congo (formerly Zaire)
110
Oil-exporting countries20
111
Other
13,828
2,336
376
3,715
18
3,498
3,885
14,580
2,711
156
3,284
4
4,326
4,099
20,217
4,980
138
3,048
7
6,905
5,139
18,229
3,497
133
3,483
6
7,119
3,991
16,470
3,653
129
3,002
8
5,259
4,419
15,646
3,383
131
3,229
5
4,587
4,311
15,577
2,437
166
3,763
4
5,192
4,015
15,291
2,261
151
3,820
5
4,665
4,389
17,753
3,316
105
3,386
12
6,134
4,800
20,217
4,980
138
3,048
7
6,905
5,139
112 Other countries
113 Australia
114
New Zealand21
115 All other
16,913
14,020
2,465
428
27,325
23,391
3,429
505
21,461
17,767
3,122
572
29,929
26,969
2,485
475
32,249
27,865
3,690
694
28,781
25,092
2,898
791
22,494'
18,931
2,820
743'
22,610'
18,818
3,051
741'
24,529'
19,576
4,113
840'
21,461
17,767
3,122
572
116 Nonmonetary international and regional organizations
117
International22
118 Latin American regional23
119
Other regional24
14,149
10,500
420
3,166
15,654
11,542
1,993
2,006
17,631
12,828
2,036
2,673
16,638
13,066
1,749
1,787
16,212
12,535
1,965
1,650
16,454
12,537
2,257
1,601
17,894'
13,429'
3,004
1,391
18,721'
14,157'
3,181
1,302
17,103'
12,701'
2,515
1,785
17,631
12,828
2,036
2,673
69 Canada
93
94
95
96
97
98
99
100
101
102
103
104
13. Before January 2001, data for Belgium-Luxembourg were combined.
14. Before January 2001, these data were included in data reported for the United
Kingdom.
15. In February 2003, Yugoslavia changed its name to Serbia and Montenegro. Data for
other entities of the former Yugoslavia recognized as independent states by the United States
are reported under "Other Europe."
16. Includes the Bank for International Settlements and the European Central Bank.
17. Before January 2001, data for "Other Latin America" and "Other Caribbean" were
combined in "Other Latin America and Caribbean."
18. Beginning January 2001, data for the Cayman Islands replaced data for the British
West Indies.
1,212,552' 1,210,080' 1,202,987' 1,217,583
212,764
203,620
195,531
192,200
52,166
54,021
63,375
63,693
910,676
905,421'
911,531'
917,275'
120
118
116
116
917
784
981
829
5,733
4,693
5,232
4,939
2,830
2,442
2,541
2,901
32,377
31,888'
30,925'
30,447'
19. Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab
Emirates (Trucial States).
20. Comprises Algeria, Gabon, Libya, and Nigeria.
21. Before January 2001, these data were included in "All other."
22. Principally the International Bank for Reconstruction and Development. Excludes
"holdings of dollars" of the International Monetary Fund.
23. Principally the Inter-American Development Bank.
24. Asian, African, Middle Eastern, and European regional organizations, except the Bank
for International Settlements, which is included in "Other Europe."
48
Federal Reserve Bulletin Statistical Supplement • February 2006
3.18
BANKS' OWN CLAIMS ON FOREIGNERS
Payable in U.S. dollars
Reported by Banks in the United States1
Millions of dollars, end of period
Area or country
July
Aug.
Sept.
1 Total, all foreigners
1,322,363
1,664,223
1,831,282
1,787,969
1,790,725
1,862,906
1,862,561
1,811,942'
1,893,705'
1,831,282
2 Foreign countries
1,317,292
1,658,247
1,824,032
1,781,710
1,783,292
1,856,389
1,852,890
1,804,903'
1,887,912'
1,824,032
591,018
4.819
6,910
2.814
8,160
63,719
25,811
238
7,310
5,512
21,415
17,666
2,106
1,233
2,295
15,269
78,716
2,149
268,822
43,099
0
12,955
806,546
4,429
7,751
735
11,840
90,941
26,196
94
16,906
5,864
22,090
25,517
1,576
1,089
8,452
17,027
114,167
2,542
404,844
26,878
0
17,608
4,101
11,859
867
9,247
88,530
29,978
95
18,476
8,200
20,864
12,848
830
1,267
8,371
9,442
144,050
3,270
471,440
31,139
0
23,948
858,083
4,564
13,390
822
10,721
95,456
30,060
121
19,676
3,715
18,702
30,737
1,482
1,001
12,134
13,278
116,868
2,955
438,750
26,723
0
16,928
832,995
5,097
10,759
1,022
9,564
88,218
28,505
110
16,761
4,702
18,812
30,563
1,416
1,235
11,231
12,204
93,503
3,017
452,852
25,723
0
17,701
920,003
4,498
16,237
1,234
9,575
89,660
25,760
154
18,782
5,472
17,902
25,701
1,391
1,017
13,137
12,896
164,255
3,084
461,896
27,667
0
19,685
930,528
4,551
16,305
2,493
9,014
89,631
32,774
108
17,256
7,021
20,301
20,728
1,312
1,013
9,812
10,979
170,296
3,228
462,937
28,273
0
22,496
868,884'
5,344
16,362
801
8,609
85,416
31,742
185
18,120
8,301
18,222
23,857
1,216
824
9,246
10,538
103,555
3,097'
472,734
29,524
0
21,191
940,279'
4,157
15,139
1,207
9,622
86,963
32,993
177
18,507
8,561
18,244
20,534
925
1,148
8,117
9,112
159,547
3,194'
492,906
29,584
0
19,642
898,822
4,101
11,859
867
9,247
88,530
29,978
95
18,476
8,200
20,864
12,848
830
1,267
8,371
9,442
144,050
3,270
471,440
31,139
0
23,948
52,140
51,088
63,420
50,935
54,434
57,998
56,479
57,864
58,292'
63,420
51,239
2,090
15,515
6,924
2,670
597
860
13,792
1,931
1,488
412
2,514
2,446
51,203
2,359
15,742
6,716
2,676
544
841
13,625
2,039
1,428
411
2,468
2,354
48,303
2,342
13,660
6,226
2,653
526
731
13,623
1,905
1,331
459
2,502
2,345
49,971'
2,338
14,583
6,638'
2,685
565
752
14,085
1,751'
1,278
512'
2,310'
2,474
52,244'
2,222
16,259'
6,775'
2,652
637
867
14,432
1,856'
1,218
435'
2,435'
2,456
51,032
2,282
15,040
6,639
2,432
581
872
14,599
2,074
1,226
446
2,272
2,569
3 Europe
4
Austria
5
Belgium2
6
Denmark
7
Finland
8
France
9
Germany
10
Greece
11
Italy
12 Luxembourg2
13
Netherlands
14
Norway
15 Portugal
16
Russia
17
Spain
18
Sweden
19
Switzerland
20
Turkey
21
United Kingdom
22
Channel Islands and Isle of Man3
23
Yugoslavia4
24
Other Europe and other former U.S.S.R.5
25 Canada
26 Latin America
27
Argentina
28
Brazil
29
Chile
30
Colombia
31
Ecuador
32
Guatemala
33
Mexico
34 Panama
35 Peru
36
Uruguay
37
Venezuela
38
Other Latin America1"
51,517
3,819
15,825
6,094
2,026
404
781
13,583
1,844
1,370
465
2,911
2,395
49,378
2,220
14,094
6,213
2,645
469
866
13,440
1,939
1,529
403
2,844
2,716
51,032
2,282
15,040
6,639
2,432
581
872
14,599
2,074
1,226
446
2,272
2,569
50,815
2,011
14,991
6,527
2,533
565
869
14,335
2,099
1,525
433
2,484
2,443
39 Caribbean
40
Bahamas
41
Bermuda
42
Cayman Islands7
43
Cuba
44
Jamaica
45
Netherlands Antilles
46
Trinidad and Tobago
47
Other Caribbean8
492,705
73,709
14,889
391,524
0
377
6,629
665
4,912
596,931
80,183
33,294
469,166
0
351
5,554
755
7,628
611,070
105,686
17,846
472,743
0
442
4,443
906
9,004
657,521
108,305
26,637
507,164
0
433
4,879
734
9,369
671,762
96,404
27,093
532,156
0
438
4,752
715
10,204
652,017
94,684
28,866
513,558
0
408
4,936
705
8,860
640,215
97,555
21,606
505,698
0
418
5,006
826
9,106
645,697'
84,076'
24,396
521,914'
0
432
4,846
900
9,133
641,041'
94,043'
26,626
505,364'
0
413
4,410
786
9,399
611,070
105,686
17,846
472,743
0
442
4,443
906
9,004
48 Asia
China
49
Mainland
50
Taiwan
51
Hong Kong
52
India
53
Indonesia
54
Israel
55 Japan
56
Korea (South)
57
Philippines
58 Thailand
59
Middle Eastern oil-exporting countries5
60
Other
119,562
142,656
187,625
153,310
163,089
165,984
167,183
171,407'
184,684'
187,625
4,134
9,659
7,190
1,588
838
5,122
62,059
11,395
1,693
989
6,782
8,113
9,267
10,589
5,622
2,117
555
1,326
82,207
15,531
993
1,144
7,022
6,283
18,221
5,185
8,408
2,518
435
4,285
103,458
17,211
1,790
7,796
12,329
5,989
10,521
10,497
7,755
2,324
548
1,748
84,966
15,620
907
5,621
6,662
6,141
20,058
8,925
6,116
2,751
559
3,152
83,645
16,780
1,119
6,544
7,869
5,571
16,914
8,605
5,659
2,660
555
4,204
86,604
18,784
1,025
6,720
7,541
6,713
17,420
7,934
6,974
2,738
572
3,186
83,480
16,669
1,085
8,318
11,432
7,375
19,410
8,134
8,352
2,698
578
3,183
86,046
17,194'
1,211
8,995
8,968
6,638
19,712
7,196
8,071
2,693
518
4,370
101,185'
15,956'
1,319
8,066
9,412
6,186
18,221
5,185
8,408
2,518
435
4,285
103,458
17,211
1,790
7,796
12,329
5,989
61 Africa
62 Egypt
63
Morocco
64
South Africa
65
Congo (formerly Zaire)
66
Oil-exporting countries9
67
Other
1,453
236
46
453
0
147
571
1,262
228
53
318
0
223
430
1,534
422
31
331
0
310
440
1,533
395
39
219
0
273
607
1,342
384
38
179
0
334
407
1,631
443
31
389
0
361
407
1,400
453
33
218
0
337
359
1,565
413
20
438
0
332
362
1,482
453
19
193
0
397
420
1,534
422
31
331
0
310
440
68 Other countries
69
Australia
70
New Zealand10
71
Allother
8,897
8,037
819
41
10,386
9,695
609
82
10,529
9,810
541
178
9,513
8,837
572
104
8,431
7,779
568
84
7,553
6,825
634
94
8,782
7,841
848
93
9,515
8,875
531
109
9,890
9,085
580
225
10,529
9,810
541
178
72 Nonmonetary international and regional organizations"
5,071
5,976
7,250
6,259
7,433
6,517
9,671
7,039
5,793
7,250
1. Reporting banks include all types of depository institutions as well as bank/financial
holding companies and brokers and dealers. Effective February 2003, coverage is expanded to
include claims of brokers and dealers on affiliated foreign offices and cross-border brokerage
balances.
2. Before January 2001, combined data reported for Belgium-Luxembourg.
3. Before January 2001, data included in United Kingdom.
4. In February 2003, Yugoslavia changed its name to Serbia and Montenegro. Data for
other entities of the former Yugoslavia recognized as independent states by the United States
are reported under "Other Europe."
5. Includes the Bank for International Settlements and the European Central Bank.
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."
Bank-Reported Data
3.19
BANKS' OWN AND DOMESTIC CUSTOMERS' CLAIMS ON FOREIGNERS
Payable in U.S. dollars
49
Reported by Banks in the United States1
Millions of dollars, end of period
2005
Type of claim
2003
2004
2005
June
1 Total claims reported by banks
July
Aug.
1 790 725
95,688
1,308,642
386,395
1 862 906
89,307
1,364,765
408,834
Oct.'
Nov.'
Dec.p
1,811,942
95,466
1,298,118
418,358
1,893,705
88,216
1,396,696
408,793
1,831,282
78,281
1,383,929
369,072
1,603,404
2,026,841
1 322 363
57,897
980,099
284,367
1 664 223
77,868
1,187,954
398,401
281,041
135,939
72,196
63,107
9,799
362,618
152,520
107,533
88,423
14,142
11 Non-negotiable deposits7
12 Negotiable CDs7
13 Other short-term negotiable
500,085
376
668,255
3,970
741,612
2,804
737,294
4,668
738,944
4,044
731,828
3,260
722,172
3,971
716,197
4,723
737,950
4,019
741,612
2,804
14 Other claims7
5,328
816,574
934 166
3,888
988,110
1 097 873
6,765
1,080,101
1 282 234
7,227
1,038,780
1 201 764
9,699
1,038,038
1 199 940
11,278
1,116,540
1 249 724
9,012
1,127,406
1 283 649
11,530
1,079,492
1 199 760
11,637
1,140,099
1 286 411
6,765
1,080,101
1 282 234
344,753
479,422
470,523
527,196
527,403
545,571
527,668
550,242
533,490
470,523
3
Foreign official institutions2
5
Other foreigners4
6 Claims on banks' domestic customers5
7
Non-negotiable deposits
8
Negotiable CDs
9
Other short-term negotiable instruments6 . .
10
Other claims
2,179,354
Sept.
1 831 282
78,281
1,383,929
369,072
1 787 969
88,081
1,295,801
404,087
2,288,755
391,385
157,192
102,750
115,684
15,759
1 862 561
88,613
1,375,163
398,785
426,194
170,254
109,231
128,870
17,839
MEMO
16 Loans collateralized by repurchase
1. For banks' claims, data are monthly; for claims of banks' domestic customers, data are
for the quarter ending with the month indicated.
Reporting banks include all types of depository institutions as well as banks/financial
holding companies and brokers and dealers. Effective February 2003, coverage is expanded to
include claims of brokers and dealers on affiliated foreign offices and cross-border balances.
2. Prior to February 2003, reflects claims on all foreign public borrowers.
3. Includes positions with affiliated banking offices also included in memo line (15) above.
4. As of February 2003, includes positions with affiliated non-banking offices also included
in memo line (15) above.
5. Assets held by reporting banks in the accounts of their domestic customers. Effective
March 2003, includes balances in off-shore sweep accounts.
6. Primarily bankers acceptances and commercial paper. Prior to February 2003, also
includes negotiable certificates of deposit.
7. Data available beginning February 2003.
8. 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 minority-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.
Effective February 2003, includes amounts due from affiliated foreign offices of U.S. brokers
and dealers.
9. Data available beginning January 2001.
50
Federal Reserve Bulletin Statistical Supplement • February 2006
3.22
LIABILITIES TO FOREIGNERS
the United States
Reported by Nonbanking Business Enterprises in
Millions of dollars, end of period
Type of liability, and area or country
2002
Sept.
Sept.
1 Total
66,679
67,664
83,240
104,940
103,204
108,339
109,178
108,077
108,220
By type
2 Financial liabilities
3
Short-term negotiable securities' . .
41,034
n.a.
39,561
53,150
14,002
72,799
10,868
73,818
11,415
79,177
11,759
76,065
10,053
71,839
14,064
70,683
11,881
67,418
66,012
8,498
22,946
5,949
45,495
3,558
45,766
6,315
49,882
8,163
45,852
10,570
34,151
16,868
32,124
42,171
30,628
1,730
7,998
17,883
1,660
1,357
43,617
30,201
1,981
7,678
17,420
1,642
1,480
45,905
33,272
2,399
9,067
18,337
1,564
1,905
42,618
33,447
2,296
11,159
16,548
1,379
2,065
46,891
24,948
1,774
16,183
4,195
1,604
1,192
45,081
25,602
1,837
16,355
3,706
1,770
1,934
4 Other liabilities'
Of which:
5
Borrowings'
6
Repurchase agreements'
7
8
9
10
11
12
13
By currency
U.S. dollars
Foreign currency2
Canadian dollars
Euros
United Kingdom pounds sterling
Japanese yen
All other currencies
14 Financial liabilities to unaffiliated
foreigners
Byy area or country
15 Europe
16
Belgium-Luxembourg
17
France
18
Germany
19
Netherlands
20
Switzerland
21
United Kingdom
39,148
n.a.
n.a.
18,763
22,271
n.a.
n.a.
n.a.
n.a.
n.a.
18,844
20,717
25,055
28,095
1,431
10,372
11,425
2,493
2,374
41,034
39,561
43,610
58,084
57,142
62,847
52,835
45,841
42,708
31,806
154
2,841
2,344
1,954
94
22,852
34,335
144
5,243
2,923
1,825
61
22,531
34,832
709
3,543
3,531
284
517
23,886
45,810
539
2,092
3,699
43,134
677
2,290
3,335
340
431
28,166
38,690
775
1,349
2,911
363
514
29,473
36,330
590
1,550
5,276
413
282
26,043
31,816
641
1,093
7,591
129
114
17,615
28,778
567
1,070
7,827
380
53
16,357
298
28,992
MEMO:
22
Euro area3 . . .
8,798
9,855
955
591
1,239
1,527
2,433
2,283
2,080
2,058
1,504
23
990
65
365
n.a.
31
4,235
0
711
242
n.a.
3,114
34
3
6,093
0
2,300
200
n.a.
3,483
25
0
16,196
0
8,715
208
n.a.
7,178
26
18
9,076
0
801
263
n.a.
7,871
8,101
0
115
306
n.a.
7,583
20
5
6,984
0
77
141
n.a.
6,497
47
30
24
25
26
27
28
29
30
31
Latin America and Caribbean
Bahamas
Bermuda
Brazil
British West Indies4
Cayman Islands
Mexico
Venezuela
2,858
157
960
35
1,627
32
33
34
Asia
Japan
Middle Eastern oil-exporting countriesf
5,042
3,269
10
2,932
1,832
14
2,547
1,826
36
4,487
1,612
24
4,589
1,664
30
4,724
1,648
36
4,347
1,365
33
3,697
1,642
4,143
1,792
35
35
36
Africa
Oil-exporting countries6
53
5
131
91
123
92
118
93
119
93
131
94
132
95
108
96
123
96
37
All other7
36
2
2,382
185
4,591
24
Nonbank-Reported Data
3.22
LIABILITIES TO FOREIGNERS
the United States—Continued
51
Reported by Nonbanking Business Enterprises in
Millions of dollars, end of period
Type of liability, and area or country
Sept.
38 Commercial liabilities
39
Trade payables
40
Advance payments and other liabilities .
41
42
43
44
45
46
47
48
49
50
51
52
53
54
By currency
Payable in U.S. dollars
Payable in foreign currencies2
Canadian dollars
Euros
United Kingdom pounds sterling
Japanese yen
All other currencies
By area or country
Commercial liabilities
Europe
Belgium-Luxembourj
France
Germany
Netherlands
Switzerland
United Kingdom . . .
Sept.
25.645
11,781
13,864
28,103
14,699
13,404
30,090
17,174
12,916
32,141
18,386
13,755
29,386
18,362
11,024
29,162
18,181
10,981
33,113
21,678
11,435
36,238
22,851
13,387
37,537
24,201
13,336
24,162
1,483
n.a.
n.a.
n.a.
n.a.
n.a.
26,243
1,860
27,632
2,458
199
787
606
209
657
29,662
2,479
183
729
593
255
719
26,090
3,296
241
1,030
600
302
1,123
25,811
3,351
224
1,058
704
296
1,069
29,890
3,223
200
1,026
634
314
1,049
33,364
2,874
143
1,028
585
119
999
34,751
2,786
163
1,041
397
286
899
9,219
99
734
905
1,163
790
2,279
8,257
141
765
781
590
433
2,649
9,821
159
900
855
384
1,367
3,025
9,719
135
1,092
1,275
289
638
3,035
8,843
133
1,050
1,021
315
616
3,127
9,030
123
1,019
1,024
305
564
3,407
10,087
100
1,600
1,020
322
740
3,576
10,831
103
1,669
965
403
950
3,243
11,533
124
1,818
1,006
329
1,112
3,589
4,414
MEMO
Euro area3
5,141
3,831
3,731
56
Canada
1,622
1,588
2,166
2,533
1,995
2,145
2,143
2,185
2,848
57
58
59
60
61
62
63
64
Latin America and Caribbean
Bahamas
Bermuda
Brazil
British West Indies4
Cayman Islands
Mexico
Venezuela
2,727
52
591
290
45
n.a.
899
166
3,073
51
538
253
36
n.a.
1,170
177
3,406
14
513
233
n.a.
40
1,298
329
4,388
39
801
167
n.a.
32
1,755
481
4,317
35
635
98
n.a.
29
1,925
477
4,276
32
515
113
n.a.
101
1,942
433
4,894
66
511
97
n.a.
29
2,154
640
5,361
79
774
127
n.a.
76
2,210
522
5,228
74
621
143
n.a.
100
1,921
738
65
66
67
Asia
Japan
Middle Eastern oil-exporting countries-
10,517
2,581
2,639
13,382
4,292
3,979
13,311
4,370
3,148
13,484
4,755
2,311
12,707
4,288
3,312
12,239
4,221
2,910
14,470
5,324
3,900
16,371
5,673
4,271
16,623
5,892
3,914
68
Africa
836
436
827
405
782
372
567
956
488
947
424
935
447
1,010
627
851
459
69
70
Oil-exporting countries'"
4,198
All other7
935
MEMO
71
Financial liabilities to foreign affiliates5 . . .
1. Data available beginning March 2003.
2. Foreign currency detail available beginning March 2003.
3. Comprises Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg,
Netherlands, Portugal, and Spain. As of December 2001, also includes Greece.
4. Beginning March 2003, data for the Cayman Islands replaced data for the British West
Indies.
5. Comprises Bahrain, Iran, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (Trucial States).
6. Comprises Algeria, Gabon, Libya, and Nigeria.
7. Includes nonmonetary international and regional organizations.
8. Data available beginning March 2003. Includes financial liabilities to foreign affiliates
of insurance underwriting subsidiaries of bank/financial holding companies and other financial intermediaries. These data are included in lines 1-6 above.
52
Federal Reserve Bulletin Statistical Supplement • February 2006
3.23
CLAIMS ON FOREIGNERS
the United States
Reported by Nonbanking Business Enterprises in
Millions of dollars, end of period
Type of claim, and area or country
Sept.
102,566
165,901
188,506
192,336
197,696
201,771
182,146
188,520
71,389
27,064
44,325
132,332
35,920
3,211
154,096
42,974
5,468
160,552
50,314
7,595
164,981
47,883
9,892
168,943
52,316
11,912
148,995
48,975
8,894
156,877
51,353
11,845
n.a.
51,486
157
93,201
129
105,654
70
102,643
103
107,206
94
104,715
173
91,126
93,679
n.a.
n.a.
69,208
3,253
66,849
19,073
64,968
17,685
59,683
24,034
64,386
12,737
57,548
8,069
56,381
8,499
122,879
9,453
912
2,776
3,242
831
1,692
117,735
36,361
1,400
8,534
13,992
7,952
4,483
124,592
35,960
1,278
13,129
9,618
7,829
4,106
121,909
43,072
1,329
20,651
9,219
7,345
4,528
125,119
43,824
7,216
17,593
7,687
6,111
5,217
111,366
37,629
10,031
10,935
7,714
4,007
4,942
116,909
39,968
10,837
11,712
8,853
4,058
4,508
67,347
92,499
101,867
110,517
115,412
101,634
111,939
28,970
391
3,049
2,859
2,789
617
11,438
46,343
1,206
4,375
3,151
2,974
453
23,575
47,040
292
3,620
2,299
3,149
585
26,641
48,714
2,177
1,452
5,386
7,389
978
23,982
54,240
2,651
3,177
7,126
7,692
845
25,828
41,763
1,998
4,593
4,534
1,738
1,237
18,016
46,211
801
4,338
3,335
3,313
1,475
23,119
1 Total
2
3
4
5
6
7
8
9
10
11
12
13
14
15
By type
Financial claims
Non-negotiable deposits
Negotiable securities
Of which:
Negotiable CDs1
Other claims
Of which:
Loans'
Repurchase agreements'
By currency
U.S. dollars
Foreign currency2
Canadian dollars
Euros
United Kingdom pounds sterling
Japanese yen
All other currencies
16 Financial claims on unaffiliated
foreigners
By area or country
17
Europe
18
Belgium-Luxembourg
19
France
20
Germany
21
Netherlands
22
Switzerland
23
United Kingdom
Sept.
81,287
29,801
51,486
74,471
6,816
n.a.
n.a.
n.a.
n.a.
n.a.
65,070
6,319
26,118
625
1,450
1,068
2,138
589
16,510
29,018
722
3,247
4,245
3,648
383
10,663
MEMO:
24
25
17,281
Euro area3
Canada
26
27
28
29
30
31
32
33
34
35
36
Latin America and Caribbean
Bahamas
Bermuda
Brazil
British West Indies4
Cayman Islands
Mexico
Venezuela
Asia
Japan
Middle Eastern oil-exporting countries5 .
37
38
Africa
Oil-exporting countries'"
39
All other7
6,193
5,013
5,311
4,533
5,825
6,412
11,361
11,905
14,290
41,201
976
918
2,127
32,965
n.a.
3,075
83
29,612
1,038
724
2,286
21,528
n.a.
2,921
104
26,215
1,049
564
1,832
n.a.
20,015
1,629
131
34,256
801
1,410
1,749
n.a.
27,613
1,706
135
42,091
1,346
1,063
1,833
n.a.
35,188
1,527
139
47,149
1,576
4,708
1,823
n.a.
36,160
1,738
155
39,893
1,899
2,128
1,839
n.a.
31,162
1,727
164
38,945
3,436
1,316
1,486
n.a.
30,448
1,392
62
41,643
3,802
1,113
1,793
n.a.
31,768
1,968
167
6,430
1,604
135
5,358
1,277
79
5,317
1,194
158
5,976
1,011
121
5,633
1,050
138
6,840
993
137
7,990
1,268
133
7,401
1,832
114
7,664
1,562
93
414
49
395
25
419
12
238
8
306
8
290
16
282
23
347
55
1,338
1,784
1,993
1,153
1,020
International Statistics
3.23
53
CLAIMS ON FOREIGNERS Reported by Nonbanking Business Enterprises in
the United States—Continued
Millions of dollars, end of period
Type of claim, and area or country
Sept.
40 Commercial claims
41
Trade receivables
42
Advance payments and other claims
43
44
45
46
47
48
49
50
51
52
53
54
55
56
By currency
Payable in U.S. dollars
Payable in foreign currencies2
Canadian dollars
Euros
United Kingdom pounds sterling
Japanese yen
All other currencies
By area or country
Commercial claims
Europe
Belgium-Luxembourg
France
Germany
Netherlands
Switzerland
United Kingdom
Sept.
31.795
27,513
4,282
31,177
26,385
4,792
33,569
28,618
4,951
34,410
29,884
4,526
31,784
27,346
4,438
32,715
29,229
3,486
32,828
28,311
4,517
33,151
29,055
4,096
31,643
28,052
3,591
29,393
2,402
26,481
4,696
n.a.
25,494
8,075
1,557
1,542
1,187
589
3,200
27,380
7,030
649
1,196
1,204
598
3,383
27,908
3,876
446
1,026
1,169
191
1,044
27,439
5,276
512
1,561
1,586
238
1,379
28,075
4,753
499
1,530
1,110
239
1,375
28,826
4,325
407
1,442
1,098
153
1,225
27,934
3,709
372
1,227
780
206
1,124
14,022
268
2,921
1,658
529
611
3,833
14,187
269
3,164
1,202
1,490
503
3,727
14,552
247
2,816
1,273
395
1,921
3,928
13,531
235
2,603
1,509
345
1,257
3,904
13,000
298
2,582
1,331
396
1,218
3,815
13,457
257
2,261
1,401
494
1,528
3,742
13,765
366
2,867
1,477
490
1,477
3,491
13,390
402
2,233
1,484
461
1,406
3,287
12,530
396
2,023
1,439
339
1,426
3,326
MEMO
57
58
Canada
59
60
61
62
63
64
65
66
67
68
69
Latin America and Caribbean
Bahamas
Bermuda
Brazil
British West Indies4
Cayman Islands
Mexico
Venezuela
Asia
Japan
Middle Eastern oil-exporting countries5
70
Africa
71
72
8,580
Euro area3
Oil-exporting countries6
7,185
7,419
2,818
2,790
3,070
2,288
2,260
2,017
2,146
2,142
2,004
4,859
42
369
954
95
n.a.
1,391
4,346
31
287
750
19
n.a.
1,259
288
5,153
26
460
903
n.a.
52
1,339
5,628
25
690
1,025
n.a.
66
1,244
252
6,141
58
766
905
n.a.
124
1,767
263
6,477
55
650
935
n.a.
160
2,018
319
6,510
41
591
1,049
n.a.
75
1,859
365
6,310
29
581
952
n.a.
143
1,838
393
6,524
27
498
1,028
n.a.
294
1,812
390
7,849
2,006
850
7,324
2,341
818
7,352
1,757
888
8,165
1,784
1,085
8,601
1,847
961
8,943
1,855
1,071
8,508
1,918
1,148
9,427
1,932
1,317
8,728
1,749
1,271
645
88
584
95
636
138
711
224
783
209
629
154
767
205
873
226
2,806
4,087
1,192
1,132
7
All other
234
1,069
MEMO
73
Financial claims on foreign affiliates5
1. Data available beginning March 2003.
2. Foreign currency detail available beginning March 2003.
3. Comprises Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg,
Netherlands, Portugal, and Spain. As of December 2001, also includes Greece.
4. Beginning March 2003, data for the Cayman Islands replaced data for the British West
Indies.
5. Comprises Bahrain, Iran, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (Trucial States).
6. Comprises Algeria, Gabon, Libya, and Nigeria.
7. Includes nonmonetary international and regional organizations.
8. Data available beginning March 2003. Includes financial claims on foreign affiliates of
insurance underwriting subsidiaries of bank/financial holding companies and other financial
intermediaries. These data are included in lines 1-8 above.
54
Federal Reserve Bulletin Statistical Supplement • February 2006
3.24
FOREIGN TRANSACTIONS IN SECURITIES
Millions of dollars
Transaction, and area or country
Jan.Dec.
July
Aug.
Sept.
U.S. corporate securities
STOCKS
1 Foreign purchases
3,862,043
2 Foreign sales
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Europe
France
Germany
Netherlands
Switzerland
United Kingdom
Channel Islands and Isle of Man1
Canada
Latin America and Caribbean
Middle East2
Other Asia
Japan
Africa
Other countries
Nonmonetary international and
regional organizations
365,052
360,658
329,205
321,401
361,820
360,084
409,963
386,981
418,950
410,981
380,635
375,861
391,349
382,629
8,720
7,804
1,736
28,616
79,185
79,185
4,412
7,745
1,761
22,973
7,957
4,786
8,698
19,571
-876
-2,360
1,697
-1,194
15,208
-180
1,292
631
6,485
-320
2,832
-41
998
38,880
7,283
-3,770
-2,275
1,153
19,953
375
16,342
14,331
1,325
8,284
218
127
-104
38,880
7,283
-3,770
-2,275
1,153
19,953
375
16,342
14,331
1,325
8,284
218
127
-104
964
2,836
-766
143
-584
-458
4
30
1,013
736
2,037
-132
-44
-324
-615
377
-505
-782
1,622
-2,984
116
3,034
6,066
-317
-714
-634
34
257
-2,917
1,086
-1,955
-613
-371
-3,980
33
4,524
-317
226
-597
2
241
15,361
651
54
950
33
11,824
42
3,770
2,356
5
1,605
127
28
-152
2,281
-313
-119
71
188
657
82
1,044
3,370
113
1,094
658
-30
85
4,040
4,577
74
127
903
-2,076
59
1,739
-673
169
-293
12
-199
3,656
-1,747
-328
-1,311
51
5,994
8
1,643
1,558
-98
1,552
531
-9
396
2,380,796
1,844,895
2,398,034
1,779,525
2,398,034
1,779,525
227,250
152,723
190,011
125,378
205,307
149,415
214,854'
144,157'
217,823
146,803
201,386
155,013
203,751
156,592
79,142
3 Net purchases, or sales (-)
4 Foreign countries
4,469,257
4,390,115
7,969
BONDS 3
20 Foreign purchases
21 Foreign sales
55,892
615,359
615,359
74,179
64,747
55,567
69,882'
70,959
46,223
46,395
256,263
7,369
12,124
1,929
6,972
160,243
6,477
12,095
105,994
4,702
151,858
77,905
512
1,998
314,257
15,389
13,077
4,188
3,691
213,816
14,562
17,576
82,644
2,675
191,591
85,431
382
6,234
314,257
15,389
13,077
4,188
3,691
213,816
14,562
17,576
82,644
2,675
191,591
85,431
382
6,234
41,192
2,038
1,356
552
985
28,650
2,897
2,578
4,164
1,124
24,115
8,737
-9
1,015
24,226
864
196
439
-314
16,215
152
1,675
12,505
328
24,817
10,219
53
1,143
32,606
905
898
217
-642
26,899
1,531
704
6,620
176
14,802
5,282
60
599
41,026'
3,835
1,568
839
1,150
27,409'
1,863
1,711
8,208
987
17,427
10,196
221
302
33,081
255
2,173
205
858
18,433
2,244
2,580
9,270
-597
25,971
15,269
25
629
28,985
2,113
1,214
165
857
20,202
1,364
2,112
-3,483
-444
18,851
11,690
-3
205
24,540
1,384
932
165
179
19,600
347
1,196
3,419
-12
16,662
5,923
-27
617
2,479
3,150
3,150
-16,185
182,782
198,967
16,862
129,874
113,012
-6,519'
191,205'
197,724'
-9,684
128,208
137,892
-5,988
227,055
233,043
2,788
147,259
144,471
-16,366
229,795
246,161
2,247
108,458
106,211
-13,828
222,213
236,041
-3,728
102,692
106,420
618,509
2 3 Foreign countries
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
Europe
France
Germany
Netherlands
Switzerland
United Kingdom
Channel Islands and Isle of Mar
Canada
Latin America and Caribbean .
Middle East2
Other Asia
Japan
Africa
Other countries
Nonmonetary international and
regional organizations
47,159
64,633
533,422
22 N e t p u r c h a s e s , or sales ( - ) . . .
71,020
Foreign securities
39 Stocks, net purchases, or sales (-) .
40
Foreign purchases
41
Foreign sales
42 Bonds, net purchases, or sales (-) .
43
Foreign purchases
44
Foreign sales
-84,970
1,664,076
1,749,046
-67,872
1,459,043
1,526,915
-121,585
2,186,871
2,308,456
-16,234
1,502,078
1,518,312
-121,585
2,186,871
2,308,456
-16,234
1,502,078
1,518,312
-11,884
161,197
173,081
-1,529
147,371
148,900
-8,326
162,039
170,365
-5,512
111,960
117,472
45 Net purchases, or sales (-), of stocks and bonds . .
-152,842
-137,819
-137,819
-13,413
-13,838
677
-16,203'
-3,200
-14,119
-17,556
46 Foreign countries
-141,025
-130,437
-130,437
-13,325
-13,835
727
-16,118'
-3,281
-13,822
-17,593
47
48
49
50
51
52
53
Europe
Canada
Latin America and Caribbean
Asia
Japan
Africa
Other countries
-124,892
-5,492
9,184
-12,814
-20,640
1,591
-8,602
-59,463
-1,237
-16,876
-40,341
-34,601
-1,886
-10,634
-59,463
-1,237
-16,876
-40,341
-34,601
-1,886
-10,634
-15,702
1,509
407
1,388
1,318
-209
-718
-5,385
1,375
-4,041
-5,074
-4,301
-325
-385
10,766
287
-1,740
-8,508
-5,254
-138
60
-2,948
-2,652
-4,212
-4,803'
-5,794
23
-1,526
4,267
-683
-5,052
-1,530
-3,938
-41
-242
-1,716
-1,412
186
-9,655
-8,673
-831
-394
-11,189
-1,092
1,616
-5,655
-4,001
51
-1,324
54 Nonmonetary international and
regional organizations
-11,817
-7,382
-7,382
1. Before January 2001, data included in United Kingdom.
2. Comprises oil-exporting countries as follows: Bahrain, Iran, Iraq, Kuwait, Oman, Qatar,
Saudi Arabia, and United Arab Emirates (Trucial States).
3. Includes state and local government securities and securities of U.S. government
agencies and corporations. Also includes issues of new debt securities sold abroad by U.S.
corporations organized to finance direct investments abroad.
Securities Holdings and Transactions
3.25
MARKETABLE U.S. TREASURY BONDS AND NOTES
55
Foreign Transactions1
Millions of dollars; net purchases, or sales (-), during period
Area or country
Jan.Dec.
July
Sept.
1 Total estimated
352,079
350,825
350,825
16,537
28,304
28,184
21,813
29,859'
54,548'
18,280
2 Foreign countries
351,360
347,851
347,851
15,293
28,356
28,016
21,917
29,427'
54,477'
17,986
88,431
118
8,804
-575
-3,153
3,236
5,342
78,661
1,175
-5,177
16,098
174,604
502
14,579
1,668
-6,387
1,907
-4,070
134,271
702
31,432
21,458
174,604
502
14,579
1,668
-6,387
1,907
-4,070
134,271
702
31,432
21,458
15,967
-51
-540
-724
-321
1,358
-1,019
16,919
-2,473
2,818
2,905
15,584
84
1,122
-256
872
-443
-2,164
14,587
181
1,601
2,316
14,849
186
-30
591
-485
310
744
13,268
383
-118
1,731
7,145
77
108
587
-476
246
-226
9,097
61
-2,329
24
13,367'
-53
1,147
-146
340
-177
-16
5,227'
212
6,833
3,240
38,182'
405
938
4
-1,853
481
-957
34,024'
356
4,784'
2,566'
10,797
482
1,712
194
-1,075
-869
-379
10,728
-171
175
-114
33,544
-15
21,963
11,596
214,788
166,377
677
81,125
540
79,751
834
69,009
-4,047
2,158
-503
81,125
540
79,751
834
69,009
-4,047
2,158
-503
-11,285
32
-11,290
-27
9,258
-5,656
-635
-917
67
76
1,619
-1,628
9,515
237
162
712
5,881
101
5,173
607
4,997
1,682
523
35
4,387
35
4,063
289
10,563
3,081
143
-345
9,129'
95'
9,135'
-101
2,054'
-6,352
804
833
7,557'
107'
7,370'
80
5,714'
422
373
85
-1,466
142
-2,617
1,009
8,606
2,260
106
57
2,974
2,570
2,974
2,570
1,244
1,276
0
-52
-13
-35
168
72
0
-104
-129
40
71
80
-3
294
280
351,360
201,140
150,220
347,851
61,243
286,608
347,851
61,243
286,608
15,293
16,666
-1,373
28,356
3,616
24,740
28,016
3,223
24/793
21,917
-1,134
23,051
29,427'
4,896
24,531'
54,477'
3,731
50,746'
17,986
5,610
12,376
9,041
249
1,920
2,027
1,920
2,027
-18
-712
496
99
282
589
-268
180
1,241
994
743
438
1,548
23
3
4
5
6
7
8
9
10
11
12
13
Europe
Belgium2
Germany
Luxembourg2
Netherlands
Sweden
Switzerland
United Kingdom
Channel Islands and Isle of Man3
Other Europe and former U.S.S.R
Canada
14
15
16
17
18
19
20
21
Latin America and Caribbean
Venezuela
Other Latin America and Caribbean
Netherlands Antilles
Asia
Japan
Africa
Other
22 Nonmonetary international and regional organizations
23
International
24 Latin American Caribbean regional
-2,178
719
-26
432
433
10
MEMO
25 Foreign countries
26
Official institutions
27
Other foreign
Oil-exporting countries
28 Middle East4
29 Africas
1. Official and private transactions in marketable U.S. Treasury securities having an
original maturity of more than one year. Data are based on monthly transactions reports.
Excludes nonmarketable U.S. Treasury bonds and notes held by official institutions of foreign
countries.
2. Before January 2001, combined data reported for Belgium and Luxembourg.
3. Before January 2001, these data were included in the data reported for the United
Kingdom.
4. Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab
Emirates (Trucial States).
5. Comprises Algeria, Gabon, Libya, and Nigeria.
56
Federal Reserve Bulletin Statistical Supplement • February 2006
3.28
FOREIGN EXCHANGE RATES AND INDEXES OF THE FOREIGN EXCHANGE VALUE OF THE U.S. DOLLAR1
Currency units per U.S. dollar except as noted
2005
Item
2003
2004
2005
July
Aug.
Sept.
Oct.
Nov.
Dec.
76.51
2.2949
1.1777
8.0919
6.0973
1.2234
7.7618
43.85
111.24
3.7689
10.786
69.87
6.3830
1.6820
6.3661
1,029.84
101.332
7.6300
1.2671
32.925
41.041
180.64
2,144.60
75.35
2.2536
1.1774
8.0895
6.2064
1.2022
7.7559
44.76
114.87
3.7735
10.835
69.83
6.5103
1.6915
6.5878
1,045.88
101.485
7.8433
1.2880
33.468
40.895
176.51
2,144.60
73.53
2.2109
1.1815
8.0840
6.3277
1.1789
7.7538
45.63
118.45
3.7782
10.672
68.97
6.6399
1.6981
6.6554
1,040.76
101.800
8.1157
1.3110
33.580
41.097
173.49
2,144.66
74.23
2.2809
1.1615
8.0755
6.2844
1.1861
7.7531
45.56
118.46
3.7780
10.627
69.47
6.7242
1.6738
6.3480
1,022.38
101.977
7.9518
1.3053
33.286
41.076
174.58
2,144.62
Exchange rates
COUNTRY/CURRENCY UNIT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Australia/dollar2
Brazil/real
Canada/dollar
China, P.R./yuan
Denmark/krone
European Monetary Union/euro3
Hong Kong/dollar
India/rupee
Japan/yen
Malaysia/ringgit
Mexico/peso
New Zealand/dollar2
Norway/krone
Singapore/dollar
South Africa/rand
South Korea/won
Sri Lanka/rupee
Sweden/krona
Switzerland/franc
Taiwan/dollar
Thailand/baht
United Kingdom/pound2
Venezuela/bolivar
65.24
3.0750
1.4008
8.2772
6.5774
1.1321
7.7875
46.59
115.94
3.8000
10.793
58.22
7.0803
1.7429
7.5550
1,192.08
96.541
8.0787
1.3450
34.405
41.556
163.47
1,613.43
73.65
2.9262
1.3017
8.2768
5.9891
1.2438
7.7891
45.26
108.15
3.8000
11.290
66.43
6.7399
1.6902
6.4402
1,145.24
101.268
7.3480
1.2428
33.372
40.271
183.30
1,886.13
76.27
2.4352
1.2115
8.1936
5.9953
1.2449
7.7775
44.00
110.11
3.7869
10.894
70.49
6.4412
1.6639
6.3606
1,023.75
100.383
7.4710
1.2459
32.131
40.252
182.04
2,107.13
75.24
2.3702
1.2229
8.2264
6.1943
1.2041
7.7751
43.43
111.95
3.7872
10.672
67.89
6.5783
1.6815
6.6966
1,036.56
100.283
7.8263
1.2945
31.886
41.700
175.07
2,144.60
76.14
2.3609
1.2043
8.1017
6.0665
1.2295
7.7709
43.55
110.61
3.7589
10.686
69.56
6.4367
1.6623
6.4599
1,021.68
100.738
7.5951
1.2629
32.076
41.132
179.44
2,144.60
Indexes4
NOMINAL
24 Broad (January 1997=100)s
25 Major currencies (March 1973=100)°
26 Other important trading partners (January
1997=100)7
119.09
93.00
113.59
85.37
110.81
83.78
112.12
85.73
110.69
84.20
110.62
83.82
111.70
85.12
112.51
86.58
111.79
85.83
143.54
143.39
138.90
138.78
137.80
138.31
138.78
138.26
137.72
104.48
97.57
99.84
90.61
98.30
90.50
99.60'
92.61'
98.62'
91.21'
99.28'
91.46'
100.14'
93.07'
99.99'
94.08'
98.88
92.78
123.23
121.86
118.06
118.26'
117.82'
119.15'
118.98'
117.17'
116.22
REAL
27 Broad (March 1973=100)s
28 Major currencies (March 1973=100)s
29 Other important trading partners (March
1973=100)7
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, available at
www.federalreserve.gov/releases.
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
40.3399
5.94573
6.55957
1.95583
.787564
Austrian schillings
Belgian francs
Finnish markkas
French francs
German marks
Irish pounds
1,936.27 Italian lire
40.3399 Luxembourg francs
2.20371 Netherlands guilders
200.482 Portuguese escudos
166.386 Spanish pesetas
4. Starting with the January 2004 Statistical Supplement to the Federal Reserve 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.
The source for exchange rates not listed in the table above but used in the calculation of this
index is Reuters Limited.
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. The source for exchange rates not listed in the table above
but used in the calculation of this index is Reuters Limited.
57
Guide to Special Tables
SPECIAL TABLES—Data Published Irregularly, with Latest Bulletin or Supplement Reference
Title, Table Number, and Reporting Date for Data
Issue
Page
Reference
Assets and liabilities of commercial banks, 4.20
September 30,2004
December 31,2004
March 31,2005
June 30, 2005
September 30, 2005
February
March
June
September
December
2005
2005
2005
2005
2005
58
58
58
58
58
Supplement
Supplement
Supplement
Supplement
Supplement
Terms of lending at commercial banks, 4.23
February 2005
May 2005
August 2005
November 2005
May
August
November
February
2005
2005
2005
2006
58
58
58
58
Supplement
Supplement
Supplement
Supplement
Assets and liabilities of U.S. branches and agencies offoreign banks, 4.30
December 31,2004
March 31,2005
June 30, 2005
September 30,2005
May
August
November
February
2005
2005
2005
2006
64
64
64
64
Supplement
Supplement
Supplement
Supplement
August2001
October 2001
January 2002
A76
A64
A64
Bulletin
Bulletin
Bulletin
September 2002
September 2003
September 2004
A58
A58
58
Bulletin
Bulletin
Supplement
September 2002
September 2003
September 2004
A67
A67
67
Bulletin
Bulletin
Supplement
September
September
September
September
2002
2003
2004
2005
A70
A70
70
60
Bulletin
Bulletin
Supplement
Supplement
September
September
September
September
2002
2003
2004
2005
A73
A73
73
63
Bulletin
Bulletin
Supplement
Supplement
Pro forma financial statements for Federal Reserve priced services, 4.31*
March 31,2001
June 30, 2001
September 30, 2001
Residential lending reported under the Home Mortgage Disclosure Act,
1989-2001
1990-2002
1991-2003
Disposition of applications for private mortgage insurance,
1998-2001
1999-2002
2000-2003
Small loans to businesses and farms,
1996-2001
1996-2002
1997-2003
1998-2004
4.34-4.411
4.42-4.45
4.46-4.48
Community development lending reported under the Community Reinvestment Act, 4.49
2001
2002
2003
2004
*The pro forma financial statements for Federal Reserve priced services are no longer published in the Bulletin after the January 2002 issue.
The statements are in the Board's yearly Annual Report to the Congress (www.federalreserve.gov/boarddocs/rptcongress).
58
Federal Reserve Bulletin Statistical Supplement • February 2006
4.23
TERMS OF LENDING AT COMMERCIAL BANKS Survey of Loans Made, November 7-11, 2005
A. Commercial and industrial loans made by all commercial banks'
Weightedaverage
effective
loan rate
(percent)4
Amount of
loans
(millions
of dollars)
5.95
4.82
4.98
5.96
6.47
51,525
1,924
8,186
19,364
15,865
393
764
917
403
371
By maturity/repricing interval
6 Zero interval
7
Minimal risk
8
Low risk
9
Moderate risk
10
Other
6.70
5.23
5.32
6.84
7.34
11,686
168
1,447
4,280
3,130
11 Daily
12
Minimal risk
13 Low risk
14
Moderate risk
15
Other
5.72
5.33
4.73
5.72
6.61
16 2 to 30 days
17
Minimal risk
18 Low risk
19
Moderate risk
20
Other
Maturity/repricing
interval2 and
risk of loans3
Average
loan size
(thousands of
dollars)
Weightedaverage
maturity5
Percent of amount of loans (percent)
Commitment status
Percent made
under
commitment
Average
months since
loan terms
33.8
17.6
13.3
36.2
37.9
78.8
85.4
68.4
82.1
81.4
11.4
4.4
10.1
12.3
12.6
6.0
2.7
.4
3.8
3.1
73.7
65.9
30.1
80.8
81.3
90.6
98.7
90.4
94.3
87.4
10.6
7.0
10.1
12.1
10.3
27.3
37.0
8.1
46.3
19.6
27.7
5.8
40.7
32.4
3.5
22.4
49.4
8.9
35.1
14.5
62.2
61.3
53.2
sin
66.1
11.4
3.7
8.4
13.2
12.3
506
1138
601
500
294
42.7
54.6
25.1
41.9
47.3
31.6
37.5
39.6
27.4
32.8
14.5
1.7
4.7
12.6
22.8
85.9
93.6
84.5
87.8
84.4
16.7
10.9
6.8
392
369
843
685
231
61.9
37.6
22.0
56.5
74.9
16.4
18.0
16.2
17.3
14.4
32.6
3.0
23.2
18.3
44.1
86.0
83.2
92.5
81.2
91.3
15.8
16.7
5.8
17.2
17.5
309
300
195
347
372
49
34
84
39
57
66.2
99.5
67.6
47.0
88.7
25.9
.5
1.0
37.6
9.9
28.7
6.6
30.3
79.0
82.3
73.6
76.6
93.9
14.4
12.3
6.1
11.4
23.2
Weightedaverage risk
rating3
Weightedaverage
maturity/
repricing
interval2
88.5
75.4
44.2
28.7
8.0
11.4
21.5
29.1
69.2
68.5
34.9
15.5
83.6
70.4
7.8
9.9
12.6
11.6
92.1
72.0
10.6
12.0
Secured by
collateral
Subject to
prepayment
penalty
502
890
366
584
374
44.9
53.0
16.1
47.5
53.2
22.4
22.9
31.7
23.5
12.4
213
255
587
231
162
670
774
412
667
746
58.1
50.8
25.3
54.0
78.3
17,074
392
4,574
5,722
4,950
569
734
1,627
432
578
252
287
143
462
102
5.45
4.51
4.96
5.44
5.91
13,148
1,012
1,341
6,547
3,375
693
4 780
1,347
1,012
387
21 31 to 365 days
22
Minimal risk
23 Low risk
24
Moderate risk
25
Other
6.05
4.88
5.96
6.37
5.98
6,257
183
518
1,525
3,568
407
332
312
262
1,134
26 More than 365 days
27
Minimal risk
28 Low risk
28
Moderate risk
30
Other
6.37
4.98
6.50
6.23
6.87
2,977
167
190
1,234
748
Days
LOAN RISK
1 All commercial and industrial loans
2
Minimal risk
3
Low risk
4
Moderate risk
5
Other
Days
SIZE OF LOAN
(thousands of dollars)
31
32
33
34
1-99
100-999
1.000-9.999
10,000 or more
7.47
7.01
5.97
5.35
2,485
8,752
17,824
22,465
3.4
3.3
3.3
3.1
142
128
118
60
Average size
(thousands
of dollars)
BASE RATE OF LOAN 7
35 Prime
36 Other
Footnotes appear at end of table.
7.11
5.36
17,415
34,110
3.4
3.1
74
107
68.9
32.6
5.9
30.9
195
819
Financial Markets
4.23
TERMS OF LENDING AT COMMERCIAL BANKS
59
Survey of Loans Made, November 7-11, 2005—Continued
B. Commercial and industrial loans made by all domestic banks'
Weightedaverage
effective
loan rate
(percent)4
Amount of
loans
(millions
of dollars)
6.24
5.21
5.28
6.20
6.70
33,754
804
4,186
14,481
9,140
267
344
507
312
224
By maturity/repricing interval
6 Zero interval
7
Minimal risk
8
Low risk
9
Moderate risk
10
Other
6.68
5.23
5.30
6.82
7.34
11,299
168
1,431
4,025
3,013
11 Daily
12
Minimal risk
13 Low risk
14
Moderate risk
15
Other
6.08
5.40
5.05
6.14
7.18
16 2 to 30 days
17
Minimal risk
18 Low risk
19
Moderate risk
20
Other
Maturity/repricing
interval2 and
risk of loans3
Average
loan size
(thousands of
dollars)
Weightedaverage
maturity5
Percent of amount of loans (percent)
Commitment status
Percent made
under
commitment
Average
months since
loan terms
set*
47.8
41.9
24.4
45.1
57.9
86.7
72.9
75.6
87.7
92.7
12.6
7.3
15.0
12.5
14.0
6.2
2.7
.4
4.0
3.2
73.1
65.9
30.2
79.6
81.2
90.3
98.7
90.3
94.0
86.9
10.0
7.0
10.2
11.0
10.0
49.9
27.3
20.2
51.8
90.6
15.9
6.9
17.4
15.6
6.1
46.5
59.6
27.3
47.2
59.4
74.6
53.4
50.8
78.8
86.1
14.8
4.8
26.0
15.1
9.5
689
477
725
773
519
52.2
55.3
44.7
41.6
78.4
13.4
.0
38.3
5.4
20.4
22.7
42.2
9.7
19.2
31.0
95.9
96.4
91.6
96.0
99.1
10.7
4.6
20.1
10.3
9.0
319
201
203
208
980
450
395
994
822
258
80.3
43.6
33.8
67.8
96.1
4.2
26.8
6.6
5.2
38.0
4.2
19.2
19.5
51.8
87.8
69.5
86.9
78.9
96.5
18.2
6.0
5.8
20.7
19.8
298
300
195
347
372
49
34
84
39
57
68.9
99.5
67.6
47.0
88.7
27.0
.5
1.0
37.6
9.9
29.7
6.6
30.3
33.3
42.8
78.1
82.3
73.6
76.6
93.9
14.6
12.3
6.1
11.4
23.2
89.0
79.4
59.8
38.2
7.8
8.3
12.1
14.8
69.3
71.6
47.2
27.6
85.5
89.0
91.6
80.7
7.8
9.7
14.3
14.1
91.6
82.2
10.4
14.9
Secured by
collateral
Subject to
prepayment
penalty
690
570
592
757
59.1
50.9
28.1
51.1
85.7
6.8
15.6
10.6
6.4
255
586
220
158
659
774
397
643
743
58.6
50.8
24.6
56.1
78.0
7,506
325
1,496
4,004
831
263
632
574
314
105
560
235
338
683
441
5.72
5.19
5.14
5.54
6.36
7,137
41
655
4,026
1,752
419
882
685
214
21 31 to 365 days
22
Minimal risk
23 Low risk
24
Moderate risk
25
Other
6.18
4.94
6.13
6.53
6.03
4,585
100
298
1,145
2,706
26 More than 365 days
27
Minimal risk
28 Low risk
28
Moderate risk
30
Other
6.42
4.98
6.50
6.23
6.87
2,858
167
190
1,234
748
Days
LOAN RISK
1 All commercial and industrial loans
2
Minimal risk
3
Low risk
4
Moderate risk
5
Other
Weightedaverage risk
Weightedaverage
maturity/
repricing
interval2
SIZE OF LOAN
(thousands of dollars)
31
32
33
34
1-99
100-999
1,000-9,999 .. .
10,000 or more .
7.47
7.08
6.29
5.36
2,459
8,081
11,417
11,798
3.4
3.3
3.2
3.1
143
135
160
105
Average size
(thousands
of dollars)
BASE RATE OF LOAN 7
35 Prime
36 Other
Footnotes appear at end of table.
7.08
5.48
16,141
17,613
3.4
3.1
78
185
72.0
47.2
5.6
17.5
183
461
60
Federal Reserve Bulletin Statistical Supplement • February 2006
4.23
TERMS OF LENDING AT COMMERCIAL BANKS
Survey of Loans Made, November 7-11, 2005—Continued
C. Commercial and industrial loans made by large domestic banks'
Weightedaverage
effective
loan rate
(percent)4
Amount of
loans
(millions
of dollars)
6.07
4.79
5.04
6.04
6.55
29,784
666
3,721
12,888
8,066
419
1 376
1,204
588
296
By maturity/repricing interval
6 Zero interval
7
Minimal risk
8
Low risk
9
Moderate risk
10
Other
6.56
5.01
5.06
6.71
7.25
9,870
155
1,283
3,446
2,570
11 Daily
12
Minimal risk
13 Low risk
14
Moderate risk
15
Other
5.89
4.80
4.89
6.00
6.89
16 2 to 30 days
17
Minimal risk
18 Low risk
19
Moderate risk
20
Other
Maturity/repricing
interval2 and
risk of loans3
Average
loan size
(thousands of
dollars)
Weightedaverage
maturity5
Percent of amount of loans (percent)
Commitment status
Percent made
under
commitment
Average
months since
loan terms
45.3
37.5
19.3
41.2
56.1
88.0
78.3
75.2
88.7
94.6
13.3
7.9
15.8
13.1
14.9
6.3
3.0
.4
4.5
1.4
71.4
63.6
23.6
78.3
78.9
90.7
98.6
90.7
95.1
87.7
10.3
7.6
10.6
11.4
10.4
45.1
10.8
15.6
48.3
88.7
17.6
8.5
18.5
17.3
6.7
41.6
50.4
22.9
42.9
47.2
73.8
57.8
48.9
77.9
87.1
15.6
5.4
28.1
15.6
10.6
720
464
781
795
532
50.7
53.2
44.8
38.9
77.1
13.6
.0
40.4
5.3
21.5
19.4
39.4
9.2
15.3
27.1
96.0
96.2
91.0
96.1
99.1
11.0
4.9
19.3
10.9
9.1
1,600
1,800
1,118
1 256
2,265
332
448
1,193
507
196
79.1
35.5
17.5
61.1
96.6
36.0
4.7
4.3
.2
38.0
2.6
7.2
9.4
54.3
93.0
64.0
91.0
87.3
99.7
19.3
6.3
4.8
22.6
20.5
839
1,494
1,017
34
37
31
39.8
40.7
86.3
2.5
40.9
10.8
24.0
33.9
49.7
95.3
80.0
97.2
9.7
12.1
27.7
Weightedaverage risk
rating3
Weightedaverage
maturity/
repricing
interval2
87.6
75.6
59.0
38.0
11.4
10.0
11.8
14.8
71.1
72.5
46.7
27.3
91.4
93.5
92.7
80.6
8.5
10.8
14.4
14.2
Secured by
collateral
Subject to
prepayment
penalty
646
443
514
740
520
55.3
42.1
21.8
46.8
84.4
12.6
8.1
17.2
11.4
6.2
279
813
1,315
353
197
666
516
392
667
773
54.5
47.2
19.3
51.7
75.1
6,675
265
1,404
3,605
628
410
1 978
1,109
536
142
572
218
342
682
492
5.63
5.09
5.11
5.43
6.28
6,668
39
609
3,820
1,653
506
422
1,148
1,020
231
21 31 to 365 days
22
Minimal risk
23 Low risk
24
Moderate risk
25
Other
5.94
4.76
5.82
6.14
5.93
3,960
75
234
889
2,525
26 More than 365 days
27
Minimal risk
28 Low risk
28
Moderate risk
30
Other
5.57
6.07
6.63
75
1,094
601
Days
LOAN RISK
1 All commercial and industrial loans
2
Minimal risk
3
Low risk
4
Moderate risk
5
Other
Days
SIZE OF LOAN
(thousands of dollars)
31
32
33
34
1-99
100-999
1.000-9.999
10,000 or more
7.14
6.88
6.27
5.35
1,406
5,868
10,762
11,748
3.6
3.4
3.3
3.1
38
71
151
106
Average size
(thousands
of dollars)
BASE RATE OF LOAN 7
35 Prime
36 Other
Footnotes appear at end of table.
6.94
5.35
13,493
16,291
3.5
3.1
72
146
68.3
44.6
6.0
18.1
266
800
93.5
83.5
Financial Markets
4.23
TERMS OF LENDING AT COMMERCIAL BANKS
61
Survey of Loans Made, November 7-11, 2005—Continued
D. Commercial and industrial loans made by small domestic banks'
Maturity/repricing
interval2 and
risk of loans3
Weightedaverage
effective
loan rate
(percent)4
Amount of
loans
(millions
of dollars)
7.53
7.26
7.15
7.52
7.82
3,971
138
465
1,593
1,074
72
74
90
65
79
7.56
8.00
7.42
7.43
7.87
1,428
13
149
579
443
7.60
831
7.53
7.43
8.11
91
399
203
Average
loan size
(thousands of
dollars)
Weightedaverage
maturity5
Percent of amount of loans (percent)
Commitment status
Percent made
under
commitment
Average
months since
loan terms
66.7
63.3
65.3
76.5
70.8
77.0
47.1
78.4
79.2
78.7
7.1
2.2
9.0
7.5
5.9
85.1
94.4
87.6
87.4
94.2
87.7
99.8
87.4
87.4
82.3
8.3
.0
6.8
8.6
8.0
85.4
81.5
94.1
86.7
97.1
80.8
87.7
83.0
6.0
10.4
6.1
7.4
1.9
91.0
97.0
95.4
99.2
.3
8.0
87.8
67.3
92.9
91.1
90.1
5.2
.0
13.4
8.6
1.0
38.2
8.7
62.8
54.7
15.7
54.6
85.7
72.3
49.5
52.7
5.8
5.3
10.0
9.6
1.6
85.7
96.0
98.4
.0
11.6
6.5
34.4
27.9
15.1
59.5
49.9
80.4
2.3
2.5
1.0
90.8
89.6
71.9
2.9
3.6
15.8
66.8
69.3
55.2
77.6
77.2
73.5
6.7
6.2
82.3
66.4
6.0
9.9
Secured by
collateral
Subject to
prepayment
penalty
1,020
1,143
1,131
904
1,245
87.1
93.4
78.3
86.4
95.2
5.4
.6
3.1
3.9
7.6
76
27
101
68
74
605
3,545
435
482
577
86.5
94.4
69.9
82.1
94.6
5.7
.0
.6
1.2
13.4
68
66
58
290
691
311
90.1
84.0
96.7
.4
.3
4.2
97
98
370
312
90.7
99.9
53
56
51
53
110
1,214
154
260
1,902
1,107
130
50
104
117
56
165
Weightedaverage risk
rating3
Weightedaverage
maturity/
repricing
interval2
Days
LOAN RISK
1 All commercial and industrial loans
2
Minimal risk
3
Low risk
4
Moderate risk
5
Other
By maturity/repricing interval
6 Zero interval
7
Minimal risk
8
Low risk
9
Moderate risk
10
Other
11 Daily
12
Minimal risk
13 Low risk
14
Moderate risk
15
Other
16 2 to 30 days
17
Minimal risk
18 Low risk
19
Moderate risk
20
Other
7.56
7.69
21 31 to 365 days
22
Minimal risk
23 Low risk
24
Moderate risk
25
Other
7.66
5.46
7.27
7.91
7.42
26 More than 365 days
27
Minimal risk
28 Low risk
28
Moderate risk
30
Other
7.10
7.43
7.86
625
26
64
256
182
115
141
148
88.8
Days
SIZE OF LOAN
(thousands of dollars)
31
32
33
34
1-99
100-999
1.000-9.999
10,000 or more
7.92
7.60
6.65
1,053
2,213
655
3.1
3.2
3.1
279
301
316
Average size
(thousands
of dollars)
BASE RATE OF LOAN 7
35 Prime
36 Other
Footnotes appear at end of table.
7.79
7.00
2,648
1,322
3.2
3.1
90.9
79.4
3.4
9.3
71
74
62
4.23
Federal Reserve Bulletin Statistical Supplement • February 2006
TERMS OF LENDING AT COMMERCIAL BANKS
Survey of Loans Made, November 7-11, 2005—Continued
E. Commercial and industrial loans made by U.S. branches and agencies of foreign banks'
Weightedaverage
effective
loan rate
(percent)4
Amount of
loans
(millions
of dollars)
5.40
4.53
4.68
5.24
6.16
17,771
1,120
4,000
4,883
6,726
3.804
6.089
5.893
2.930
3.622
By maturity/repricing interval
6 Zero interval
7
Minimal risk
8
Low risk
9
Moderate risk
10
Other
7.24
7.38
255
117
11 Daily
12
Minimal risk
13 Low risk
14
Moderate risk
15
Other
4.57
4.75
6.50
16 2 to 30 days
17
Minimal risk
18 Low risk
19
Moderate risk
20
Other
21 31 to 365 days
22
Minimal risk
23 Low risk
24
Moderate risk
25
Other
Maturity/repricing
interval2 and
risk of loans3
Average
loan size
(thousands of
dollars)
Weightedaverage
maturity5
Percent of amount of loans (percent)
Percent made
under
commitment
Average
months since
loan terms
7.2
.1
1.6
9.8
10.8
63.8
94.3
61.0
65.5
66.0
8.3
2.9
3.7
11.5
10.0
100.0
85.5
100.0
100.0
29.1
15.4
6.7
5.4
54.3
41.9
62.1
.5
3.7
13.1
2.1
13.9
74.0
93.5
77.7
74.6
68.5
7.7
.9
12.9
12.2
3.4
29.2
53.7
58.8
28.7
14.5
20.3
100.0
88.1
74.9
5.8
7.7
8.4
32.2
48.4
38.2
45.0
59.0
30.3
13.0
2.1
85.9
69.4
59.0
13.2
12.3
8.7
7.7
97.9
61.2
12.6
7.8
Secured by
collateral
Subject to
prepayment
penalty
168
1,109
160
102
66
17.9
54.5
3.5
36.7
9.2
42.7
34.4
48.6
61.8
20.6
914
419
994
820
21.9
86.8
3,078
1,718
4,120
15.161
3.660
6.537
61
14
45
2.3
33.3
5.3
52.0
71.5
5.12
4.48
4.79
5.28
5.41
6,011
971
687
2,521
1,623
3.750
8.506
2.705
4.272
2.918
289
1,162
495
63
31.5
54.5
6.4
42.4
13.7
53.2
39.1
40.8
62.5
46.2
5.71
1,672
1.664
11.6
50.0
5.72
5.88
5.83
220
380
862
1.119
1.182
2.239
6.0
22.4
8.2
44.3
27.2
16.4
18.2
Days
Commitment status
LOAN RISK
1 All commercial and industrial loans
2
Minimal risk
3
Low risk
4
Moderate risk
5
Other
542
190
127
4.6
.0
81.1
26 More than 365 days
27
Minimal risk
28 Low risk
28
Moderate risk
30
Other
Weightedaverage risk
rating3
Weightedaverage
maturity/
repricing
interval2
Days
SIZE OF LOAN
(thousands of dollars)
31
32
33
34
1-99
100-999
1.000-9.999
10,000 or more
7.06
6.11
5.41
5.34
27
671
6,407
10,667
3.4
3.3
3.3
3.0
35
47
44
11
Average size
(thousands
of dollars)
BASE RATE OF LOAN 7
35 Prime
36 Other
Footnotes appear at end of table.
7.54
5.23
1,274
16,497
3.5
3.1
23
24
28.9
17.1
10.2
45.2
1,057
4,759
Financial Markets
4.23
63
TERMS OF LENDING AT COMMERCIAL BANKS Survey of Loans Made, November 7-11, 2005—Continued
F. Commercial and industrial loans by date pricing terms were set and commitment status
Weighted-
Date pricing terms were set
and commitment status
Weightedaverage
loan rate4
(percent)
Amount of
loans
(millions
of dollars)
Average loan
size
(thousands of
dollars)
Weighted-
Percent of amount of loans
maturity
repricing
interval2
risk rating3
Days
Secured by
collateral
Subject to
prepayment
penalty
Prime
based
All commercial banks
1 During survey week
2
Not under commitment
3
Informal commitment
4
Formal commitment
5.65
5.69
5.29
6.07
21,197
10,921
6,170
4,106
474
533
387
497
3.1
3.1
3.3
2.7
85
101
44
106
29.1
27.7
16.3
52.3
30.8
46.2
18.6
8.0
20.4
12.6
17.5
45.3
Prior to survey weeks
Up to 90 days
91 to 365 days
More than 365 days
5.98
6.16
6.28
6,666
11,543
12,003
294
268
587
3.4
3.1
121
89
107
64.8
52.5
54.7
19.9
13.9
17.6
50.0
44.4
38.6
Domestic banks
8 During survey week
9
Not under commitment
10
Informal commitment
11
Formal commitment
6.33
5.85
7.37
6.67
8,364
4,489
1,178
2,698
198
231
79
340
3.0
2.8
3.2
3.2
200
238
176
147
53.8
42.4
76.7
62.7
8.5
10.3
5.6
7.0
48.0
30.1
73.7
66.7
Prior to survey weeks
Up to 90 days
91 to 365 days
More than 365 days
6.02
6.17
6.37
5,705
9,906
9,772
255
234
503
3.5
3.1
136
88
122
64.1
56.4
63.4
11.6
10.8
15.7
55.9
48.0
42.7
Large domestic banks
15 During survey week
16
Not under commitment
17
Informal commitment
18 Formal commitment
5.73
5.35
6.51
6.29
5,839
3,575
297
1,968
632
539
199
1,768
2.9
2.7
3.1
3.2
137
150
162
111
38.5
29.8
37.0
54.7
10.0
10.6
14.2
8.3
39.7
24.7
71.8
62.1
Prior to survey weeks
Up to 90 days
91 to 365 days
More than 365 days
5.91
6.10
6.35
5,338
9,233
9,366
322
292
686
3.6
3.1
101
88
126
62.2
54.6
62.7
12.2
11.1
16.1
55.1
46.7
41.8
Small domestic banks
22 During survey week
23
Not under commitment
24
Informal commitment
25 Formal commitment
7.73
7.81
7.67
7.70
2,525
914
881
730
77
71
66
107
3.1
3.0
3.2
3.2
345
582
180
243
89.0
91.9
90.1
84.3
5.1
8.8
2.7
3.4
67.4
51.4
74.3
79.2
Prior to survey weeks
Up to 90 days
91 to 365 days
More than 365 days
7.57
7.14
6.88
367
673
406
64
63
70
3.2
3.2
3.2
628
77
37
91.6
81.6
80.2
2.7
6.8
7.1
68.5
65.3
63.0
Foreign banks
29 During survey week
30
Not under commitment
31
Informal commitment
32
Formal commitment
5.20
5.58
4.80
4.92
12,833
6,433
4,992
1,409
5,142
6,096
4,470
4,354
3.1
3.3
3.3
1.8
11
6
13
28
13.1
17.4
2.1
32.4
45.2
71.2
21.7
10.0
2.3
.4
4.3
4.4
Prior to survey weeks
Up to 90 days
91 to 365 days
More than 365 days
5.75
6.12
5.87
961
1,637
2,231
3,155
1,970
2,198
2.5
3.2
3.3
35
100
41
68.9
28.7
16.8
69.5
32.8
25.7
15.0
22.7
20.6
5
6
7
12
13
14
19
20
21
26
27
28
33
34
35
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. The data in
this table also appear in the Board's E.2 statistical release, available on the Board's website
at: www.federalreserve.gov/releases.
1. As of March 31, 2003, assets of the large banks were at least $3.7 billion. Median total
assets for all insured banks were roughly $93 million. Assets at all U.S. branches and agencies
averaged $3.3 billion.
2. The "maturity/repricing" interval measures the period from the date the loan is made
until it first may be repriced or matures. For floating-rate loans that are subject to repricing at
any time—such as many prime-based loans—the maturity/repr icing 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.
3. A complete description of these risk categories is available on the Board's website at
"http://www.federalreserve.gov/boarddocs/reportforms/ReportDetail.cfm?WhichFormId=
FR_2028a/s." The category "Moderate risk" includes the average loan, under average
economic conditions, at the typical lender. The "Other" category includes loans rated
"Acceptable" as well as special mention or classified loans. The weighted-average risk rating
published for loans in rows 31-36 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 table rows 1, 6, 11, 16, 21, 26, and
31-36 are not rated for risk.
4. 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 0.18 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.
5. Average maturities are weighted by loan amount and exclude loans with no stated
maturities.
6. For loans made under formal commitments, the average time interval between the date
on which the loan pricing was set and the date on which the loan was made, weighted by the
loan amount. For loans under informal commitment, the time interval is zero.
7. Prime-based loans are based on the lending bank's own prime rate, any other lender's
prime rate, a combination of prime rates, or a publicly reported prime rate. Loans with
"other" base rates include loan rates expressed in terms of any other base rate (e.g., the
federal funds rate or LIBOR) and loans for which no base rate is used to determine the loan
rate.
8. For loans made under formal commitments.
* The number of loans was insufficient to provide a meaningful value.
64
Federal Reserve Bulletin Statistical Supplement • February 2006
4.30
ASSETS AND LIABILITIES
of U.S. Branches and Agencies of Foreign Banks, September 30, 20051
Millions of dollars except as noted
Total
including
IBFs3
Total assets4 .
2 Claims on nonrelated parties
3 Cash and balances due from depository institutions
4
Cash items in process of collection and unposted debits
5
Currency and coin (U.S. and foreign)
6
Balances with depository institutions in United States
7
U.S. branches and agencies of other foreign banks
(including their IBFs)
8
Other depository institutions in United States (including their
IBFs)
9
Balances with banks in foreign countries and with foreign central
banks
10
Foreign branches of U.S. banks
11
Banks in home country and home-country central banks
12
All other banks in foreign countries and foreign central banks .
13
Balances with Federal Reserve Banks
14 Total securities and loans . . .
15 Total securities, book value
16
U.S. Treasury
17
Obligations of U.S. government agencies and corporations
18
Other bonds, notes, debentures, and corporate stock (including state
and local securities)
Securities of foreign governmental units
Mortgage-backed securities
Issued or guaranteed by U.S. government agencies
Other
Other asset-backed securities
All other
25 Federal funds sold
26
With depository institutions in the U.S. .
27
With others
IBFs
only3
61,973
28,349
0
848,610
82,003
3,266
6
57,371
54,385
46,991
44,522
10,381
Total
including
IBFs
IBFs
only
273
14,148
15
2,255
11,877
9,864
23,712
216
4,575
18,921
634
IBFs
only
60,181
27,529
0
14,979
1,179
4
Total
including
IBFs
IBFs
only
66,322
17,372
1,174,529
1,346,129
964,245
86,100
3 311
10
Total
including
IBFs
432
749
0
l.a.
352
60,049
138
24
0
69
760
70
37
0
l.a.
37
13,573
550
7
210
30
0
0
0
227
13,729
0
2,092
11,636
n.a.
397
15
163
219
28
0
0
28
16
24,628
232
4,782
19,615
780
490,082
25,551
430,372
24,694
399
15
163
221
14
13,377
164,113
9,048
19,828
5,216
n.a.
n.a.
160,528
7,883
19,295
4,810
n.a.
n.a.
1,555
35
131
398
n.a.
n.a.
1,563
1,083
238
135,237
8,245
31,917
25,057
6,859
36,851
58,224
5,216
3,666
31,591
0
0
3
1,547
133,351
8,148
325
24,731
6,859
36,851
56,761
4,810
3,621
1,389
50
242
24
3
1,186
0
1,014
398
42
n.a.
0
0
0
356
20,012
13,699
6,313
6,469
4,136
2,333
19,097
12,906
6,191
6,423
4,120
2,303
62
62
147,695
26,415
121,280
34,103
n.a.
n.a.
0
217
16
16
0
28 Securities purchased under agreements to resell
29
With depository institutions in the U.S
30
With others
147,695
26,415
121,280
31 Total loans, gross
32
LESS: Unearned income on loans .
326,455
486
325,969
20,355
20
20,335
270,259
416
269,843
19,903
19
19,885
11,847
25
11,822
261
0
260
32,546
6
32,540
19,581
96,632
4,445
2,891
1,554
430
14,802
9
14,792
76,955
9,237
2,051
2,051
0
0
6,971
0
6,971
215
16,197
79,855
3,905
2,475
1,430
430
13,111
9
13,102
62,409
8,995
1,902
1,902
0
0
6,878
0
6,878
215
2,900
2,346
166
166
0
0
202
0
202
1,979
0
171
131
131
0
0
40
0
40
0
52
13,009
66
20
46
0
1,125
0
1,125
11,818
0
0
0
0
0
0
0
0
0
0
169,674
134,996
34,678
10,067
20
10,046
135,419
106,180
29,239
9,874
20
9,854
6,422
6,069
353
90
0
90
19,098
16,705
2,393
0
0
0
2,866
11,208
25,978
637
394
2,421
10,791
25,108
620
394
20
0
178
0
0
0
202
54
81
0
0
0
468
468
0
0
0
33
EQUALS: Loans, net
Total loans, gross, by category
34 Real estate loans
35 Loans to depository institutions and acceptances of other banks
36
Commercial banks in United States (including their IBFs)
37
U.S. branches and agencies of other foreign banks
38
Other commercial banks in United States
39
Other depository institutions in United States (including their IBFs) .
40
Banks in foreign countries
41
Foreign branches of U.S. banks
42
Other banks in foreign countries
43 Loans to other financial institutions
44 Commercial and industrial loans
45
U.S. addressees (domicile)
46
Non-U.S. addressees (domicile)
47 Loans to foreign governments and official institutions (including
foreign central banks)
48 Loans for purchasing or carrying securities (secured and unsecured)
49 All other loans
50 Lease financing receivables (net of unearned income)
51
U.S. addressees (domicile)
52
Non-U.S. addressees (domicile)
517
496
21
0
0
0
0
0
0
0
0
0
53 Trading assets
54
U.S. Treasury and agency securities
55
Other trading assets
183,098
24,455
158,643
1,060
0
1,060
134,898
24,233
110,665
1,040
0
1,040
20
0
20
0
0
0
24,818
188
24,631
0
0
0
56 All other assets
57
Customers' liabilities on acceptances outstanding
58
U.S. addressees (domicile)
59
Non-U.S. addressees (domicile)
60
Other assets including other claims on nonrelated parties
61 Net due from related depository institutions5
62
Net due from head office and other related depository institutions5
63
Net due from establishing entity, head office, and other related
depository institutions5
37,257
749
468
281
36,508
381,884
381,884
544
n.a.
n.a.
n.a.
544
94,736
n.a.
34,545
657
410
247
33,888
325,919
325,919
496
n.a.
n.a.
n.a.
496
65,418
n.a.
341
31
31
1
310
2,393
2,393
9
n.a.
n.a.
n.a.
9
4,266
n.a.
989
39
24
15
950
6,272
30
n.a.
n.a.
n.a.
30
2,309
n.a.
65,418
n.a.
4,266
n.a.
94,736
64 Total liabilities4
1,346,129
156,710
1,174,529
125,599
17,372
5,698
65 Liabilities to nonrelated parties
1,246,246
136,067
1,089,884
105,078
11,549
5,610
Footnotes appear at end of table.
6,272
n.a.
66,322
64,162
2,309
2,380
2,376
U.S. Branches and Agencies
4.30
ASSETS AND LIABILITIES
of U.S. Branches and Agencies of Foreign Banks, September 30, 2005'—Continued
Millions of dollars except as noted
66 Total deposits and credit balances
67
Individuals, partnerships, and corporations (including certified
and official checks)
68
U.S. addressees (domicile)
69
Non-U.S. addressees (domicile)
70
Commercial banks in United States (including their IBFs) . . .
71
U.S. branches and agencies of other foreign banks
72
Other commercial banks in United States
73
Banks in foreign countries
74
Foreign branches of U.S. banks
75
Other banks in foreign countries
76
Foreign governments and official institutions
(including foreign central banks)
77
All other deposits and credit balances
78 Transaction accounts and credit balances (excluding IBFs)
79
Individuals, partnerships, and corporations (including certified
and official checks)
80
U.S. addressees (domicile)
81
Non-U.S. addressees (domicile)
82
Commercial banks in United States (including their IBFs) . . .
83
U.S. branches and agencies of other foreign banks
84
Other commercial banks in United States
85
Banks in foreign countries
86
Foreign branches of U.S. banks
87
Other banks in foreign countries
88 Foreign governments and official institutions
(including foreign central banks)
89 All other deposits and credit balances
90 Nontransaction accounts (including MMDAs, excluding IBFs) . .
91
Individuals, partnerships, and corporations (including certified
and official checks)
92
U.S. addressees (domicile)
93
Non-U.S. addressees (domicile)
94
Commercial banks in United States (including their IBFs) . . .
95
U.S. branches and agencies of other foreign banks
96
Other commercial banks in United States
97
Banks in foreign countries
98
Foreign branches of U.S. banks
99
Other banks in foreign countries
100
Foreign governments and official institutions
(including foreign central banks)
101
All other deposits and credit balances
102 IBF deposit liabilities
103
Individuals, partnerships, and corporations (including certified
and official checks)
104
U.S. addressees (domicile)
105
Non-U.S. addressees (domicile)
106
Commercial banks in United States (including their IBFs) . . .
107
U.S. branches and agencies of other foreign banks
108
Other commercial banks in United States
109
Banks in foreign countries
110
Foreign branches of U.S. banks
111
Other banks in foreign countries
112
Foreign governments and official institutions
(including foreign central banks)
113 All other deposits and credit balances
Footnotes appear at end of table.
Total
excluding
IBFs3
IBFs
only3
Total
excluding
IBFs
IBFs
only
Total
excluding
IBFs
IBFs
only
Total
excluding
IBFs
IBFs
only
582,085
92,099
522,139
69,638
4,350
4,192
13,392
1,361
482,389
464,531
17,858
71,261
15,490
55,771
8,601
2,251
6,350
7,302
173
7,129
15,008
13,610
1,398
39,512
635
38,877
434,866
424,746
10,121
61,188
14,694
46,494
8,410
2,251
6,159
4,361
173
4,188
13,747
12,407
1,340
26,469
475
25,994
3,412
2,103
1,309
57
0
57
12
0
12
74
0
74
537
479
58
2,255
161
2,094
12,974
12,924
51
406
40
366
11
0
11
60
60
0
396
0
396
3,067
16,767
29,955
322
24,739
322
37
834
1,327
0
0
10,954
9,148
9,872
6,866
3,006
57
4
53
621
0
621
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
8,194
6,474
1,720
57
4
52
555
0
555
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
130
92
38
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
160
155
6
0
0
0
0
0
0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
328
n.a.
n.a.
270
71
n.a.
n.a.
6
n.a.
n.a.
0
0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
426,673
418,272
8,401
61,132
14,690
46,442
7,855
2,251
5,604
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,613
14,720
n.a.
n.a.
77
512,992
571,131
472,517
457,665
14,852
71,204
15,486
55,718
7,980
2,251
5,729
2,740
16,691
2
13,231
4,200
3,282
2,011
1,271
56
0
56
0
0
0
31
831
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
12,814
12,769
45
406
40
366
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
92,099
69,638
4,192
7,302
173
7,129
15,008
13,610
1,398
39,512
635
38,877
4,361
173
4,188
13,747
12,407
1,340
26,469
475
25,994
74
0
74
537
479
58
2,255
161
2,094
60
60
0
396
0
396
29,955
322
24,739
322
1,327
0
883
0
65
66
Federal Reserve Bulletin Statistical Supplement • February 2006
4.30
ASSETS AND LIABILITIES
of U.S. Branches and Agencies of Foreign Banks, September 30, 2005'—Continued
Millions of dollars except as noted
Total
including
IBFs3
IBFs
only3
Total
including
IBFs
IBFs
only
Total
including
IBFs
70,279
25,671
44,608
19,522
2,671
16,852
53,067
21,346
31,721
12,493
1,698
10,795
1,177
980
197
117 Securities sold under agreements to repurchase
118 With depository institutions in the U.S
119
With others
120 Other borrowed money
121 Owed to nonrelated commercial banks in United States (including
their IBFs)
122
Owed to U.S. offices of nonrelated U.S. banks
123
Owed to U.S. branches and agencies of nonrelated
foreign banks
124 Owed to nonrelated banks in foreign countries
125
Owed to foreign branches of nonrelated U.S. banks
126
Owed to foreign offices of nonrelated foreign banks
127 Owed to others
161,503
15,829
145,675
196,673
3,972
19,823
159,575
15,801
143,774
170,050
3,972
18,388
19,467
13,638
3,807
57
18,886
13,538
5,829
17,354
1,092
16,263
159,852
3,750
12,267
161
12,106
3,749
5,349
16,372
959
15,412
134,792
128 All other liabilities
129
Branch or agency liability on acceptances executed and
outstanding
130
Trading liabilities
131
Other liabilities to nonrelated parties
143,606
650
115,415
765
115,923
26,918
n.a.
38
612
99,884
99,884
20,643
n.a.
114 Federal funds purchased
115 With depository institutions in the U.S.
116
With others
132 Net due to related depository institutions5
133
Net due to head office and other related depository institutions5
134
Net due to establishing entity, head office, and other related
depository institutions5
Total
including
IBFs
IBFs
only
299
181
118
4,012
1,536
2,476
961
135
826
281
28
253
1,250
0
1,101
22
0
22
22,772
0
0
0
53
3,544
57
363
83
255
0
151
14
0
0
3,487
11,484
110
11,374
3,360
537
71
466
350
255
497
51
446
349
137
102
0
102
22,519
0
53
0
53
0
672
92,077
22,665
n.a.
38
550
31
17
250
n.a.
0
20
38
21,636
930
n.a.
0
2
84,645
84,645
20,521
n.a.
5,823
5,823
87
n.a.
2,160
2,160
n.a.
IBFs
only
22,603
3
MEMO
135 Holdings of own acceptances included in commercial and
industrial loans
136 Commercial and industrial loans with remaining maturity of one y
or less (excluding those in nonaccrual status)
137
Predetermined interest rates
138 Floating interest rates
139 Commercial and industrial loans with remaining maturity of more
than one year (excluding those in nonaccrual status)
140
Predetermined interest rates
141
Floating interest rates
Footnotes appear at end of table.
69,559
20,633
48,926
n.a.
14,095
n.a.
47,555
1,094
33,461
n.a.
3,612
n.a.
97,382
11,064
86,318
n.a.
n.a.
n.a.
85,530
9,481
76,049
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,037
282
2,755
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,226
293
3,933
n.a.
n.a.
n.a.
U.S. Branches and Agencies
4.30
ASSETS AND LIABILITIES
67
of U.S. Branches and Agencies of Foreign Banks, September 30, 20051—Continued
Millions of dollars except as noted
All states2
Item
142 Components of total n on transaction accounts,
included in total deposits and credit balances
143 Time deposits of $100,000 or more
144 Time CDs in denominations of $100,000 or more
with remaining maturity of more than 12 months
Total
excluding
IBFs3
IBFs
only3
Total
excluding
IBFs
IBFs
only
Total
excluding
IBFs
IBFs
only
Total
excluding
IBFs
IBFs
only
635,970
563,478
n.a.
n.a.
577,841
507,058
n.a.
n.a.
4,094
4,088
n.a.
n.a.
12,657
12,654
n.a.
n.a.
72,492
n.a.
70,783
n.a.
7
n.a.
3
n.a.
All states2
145 Immediately available funds with a maturity greater than one day
included in other borrowed money
146 Number of reports filed6
Illinois
California
New York
Illinois
California
New York
Total
including
IBFs3
IBFs
only3
Total
including
IBFs
IBFs
only
Total
including
IBFs
IBFs
only
65,465
259
n.a.
139
63,579
51
n.a.
15
896
n.a.
n.a.
n.a.
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.I 1, last issued on July 10,1980. Data in this table and in
the G.I 1 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,
Total
including
IBFs
372
n.a.
IBFs
only
n.a.
n.a.
either because the item is not an eligible IBF asset or liability or because that level of detail is
not reported for IBFs. From December 1981 through September 1985, IBF data were
included in all applicable items reported.
4. Total assets and total liabilities include net balances, if any, due from or owed to related
banking institutions in the United States and in foreign countries (see note 5). On the former
monthly branch and agency report, available through the G.ll 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.I 1 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 majorityowned 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.
68
Index to Statistical Tables
ACCEPTANCES, bankers (See Bankers acceptances)
Assets and liabilities (See also Foreigners)
Commercial banks, 15-21
Domestic finance companies, 30, 31
Federal Reserve Banks, 10
Foreign banks, U.S. branches and agencies, 64—67
Foreign-related institutions, 20
Automobiles
Consumer credit, 34
Production, 42, 43
BANKERS acceptances, 5, 10
Bankers balances, 15-21, 64—67 (See also Foreigners)
Bonds (See also U.S. government securities)
New issues, 29
Rates, 23
Business loans (See Commercial and industrial loans)
CAPACITY utilization, 40, 41
Capital accounts
Commercial banks, 15-21
Federal Reserve Banks, 10
Certificates of deposit, 23
Commercial and industrial loans
Commercial banks, 15-21, 64-67
Weekly reporting banks, 17, 18
Commercial banks
Assets and liabilities, 15-21
Commercial and industrial loans, 15-21, 58-63
Consumer loans held, by type and terms, 34, 58-63
Real estate mortgages held, by holder and property, 33
Terms of lending, 58-63
Time and savings deposits, 4
Commercial paper, 22, 23, 30
Condition statements (See Assets and liabilities)
Consumer credit, 34
Corporations
Security issues, 29, 55
Credit unions, 34
Currency in circulation, 5, 13
Customer credit, stock market, 24
DEBT (See specific types of debt or securities)
Demand deposits, 15-21
Depository institutions
Reserve requirements, 8
Reserves and related items, 4—6, 12
Deposits (See also specific types)
Commercial banks, 4, 15-21
Federal Reserve Banks, 5, 10
Discount rates at Reserve Banks and at foreign central banks and
foreign countries (See Interest rates)
Discounts and advances by Reserve Banks (See Loans)
EURO, 56
FARM mortgage loans, 33
Federal agency obligations, 5, 9-11, 26, 27
Federal credit agencies, 28
Federal finance
Debt subject to statutory limitation, and types and ownership of
gross debt, 25
Federal Financing Bank, 28
Federal funds, 23
Federal Home Loan Banks, 28
Federal Home Loan Mortgage Corporation, 28, 32, 33
Federal Housing Administration, 28, 32, 33
Federal Land Banks, 33
Federal National Mortgage Association, 28, 32, 33
Federal Reserve Banks
Condition statement, 10
Discount rates (See Interest rates)
U.S. government securities held, 5, 10, 11, 25
Federal Reserve credit, 5, 6, 10, 12
Federal Reserve notes, 10
Federally sponsored credit agencies, 28
Finance companies
Assets and liabilities, 30
Business credit, 31
Loans, 34
Paper, 22, 23
Float, 5
Flow of funds, 35-39
Foreign banks, U.S. branches and agencies, 64—67
Foreign currency operations, 10
Foreign deposits in U.S. banks, 5
Foreign exchange rates, 56
Foreign-related institutions, 20
Foreigners
Claims on, 45, 48^19, 52-53
Liabilities to, 45^17, 50-51, 54, 55
GOLD
Certificate account, 10
Stock, 5, 45
Government National Mortgage Association, 28, 32, 33
INDUSTRIAL production, 42, 43
Insurance companies, 25, 33
Interest rates
Bonds, 23
Commercial banks, 58-63
Consumer credit, 34
Federal Reserve Banks, 7
Money and capital markets, 23
Mortgages, 32
Prime rate, 22, 58-63
International capital transactions of United States, 44—55
International organizations, 45, 46^17, 48, 50-55
Investment companies, issues and assets, 30
Investments (See also specific types)
Commercial banks, 4, 15-21, 58-63
Federal Reserve Banks, 10, 11
Financial institutions, 33
LIFE insurance companies (See Insurance companies)
Loans (See also specific types)
Commercial banks, 15-21, 58-63
Federal Reserve Banks, 5-7, 10, 11
Financial institutions, 33
Foreign banks, U.S. branches and agencies, 64-67
Insured or guaranteed by United States, 32, 33
MANUFACTURING
Capacity utilization, 40, 41
Production, 42, 43
Margin requirements, 24
Member banks, reserve requirements, 8
Mining production, 43
Monetary and credit aggregates, 4, 12
Money and capital market rates, 23
Money stock measures and components, 4, 13
Mortgages (See Real estate loans)
Mutual funds, 13, 30
Mutual savings banks (See Thrift institutions)
OPEN market transactions, 9
Index to Statistical Tables
PRICES
Stock market, 24
Prime rate, 22, 58-63
Production, 42, 43
REAL estate loans
Banks, 15-21, 33
Terms, yields, and activity, 32
Type and holder and property mortgaged, 33
Reserve requirements, 8
Reserves
Commercial banks, 15-21
Depository institutions, 4—6
Federal Reserve Banks, 10
U.S. reserve assets, 45
Residential mortgage loans, 32, 33
Retail credit and retail sales, 34
SAVING
Flow of funds, 33, 34, 35-39
Saving deposits (See Time and savings deposits)
Savings institutions, 33, 34, 35-39
Securities (See also specific types)
Federal and federally sponsored credit agencies, 28
Foreign transactions, 54
New issues, 29
Prices, 24
Special drawing rights, 5, 10, 44
State and local governments
Holdings of U.S. government securities, 25
New security issues, 29
Rates on securities, 23
Stock market, selected statistics, 24
Stocks (See also Securities)
New issues, 29
Prices, 24
Student Loan Marketing Association, 28
THRIFT institutions, 4 (See also Credit unions and Savings
institutions)
Time and savings deposits, 4, 13, 15-21
Treasury cash, Treasury currency, 5
Treasury deposits, 5, 10
U.S. GOVERNMENT balances
Commercial bank holdings, 15-21
Treasury deposits at Reserve Banks, 5, 10
U.S. government securities
Bank holdings, 15-21, 25
Dealer transactions, positions, and financing, 27
Federal Reserve Bank holdings, 5, 10, 11, 25
Foreign and international holdings and transactions, 10, 25, 55
Open market transactions, 9
Outstanding, by type and holder, 25, 26
Rates, 23
U.S. international transactions, 44-55
Utilities, production, 43
VETERANS Affairs, Department of, 32, 33
WEEKLY reporting banks, 17, 18
YIELDS (See Interest rates)
69
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