The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Volume 4 • Number 2 • February 2007
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
Rosanna Pianalto Cameron, Chair • Scott G. Alvarez • Sandra Braunstein • Roger T. Cole
• Marianne M. Emerson • Jennifer J. Johnson • Karen H. Johnson • Stephen R. Malphrus
• Vincent R. Reinhart • Louise L. Roseman • 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 (1914-2003).
The Statistical Supplement began publication in
2004. It 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. The Supplement is
also available on the Board's website, at
www.federalreserve.gov/pubs/supplement.
If you have questions regarding the tables in
the Statistical Supplement, please send a fax to
(202) 785-6092 or (202) 728-5886, or send an e-mail
to publications-bog@frb.gov.
Financial and Business Statistics:
Table of Contents
These tables reflect the data available as of the second
week of February 2007.
3 SYMBOLS AND ABBREVIATIONS
DOMESTIC FINANCIAL STATISTICS
Money Stock and Bank Credit
4 Reserves and money stock measures
5 Factors affecting reserve balances of depository
institutions
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—State and local governments
29 New security issues—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 2007
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
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 unaffiliated foreigners
52 Claims on unaffiliated foreigners
Securities Holdings and Transactions
54 Foreign transactions in securities
55 Marketable U.S. Treasury bonds and
notes—Foreign transactions
Interest and Exchange Rates
56 Foreign exchange rates and indexes of the foreign
exchange value of the U.S. dollar
57 GUIDE TO SPECIAL TABLES
SPECIAL TABLES
58 Terms of lending at commercial banks,
November 6-10, 2006
64 Assets and liabilities of U.S. branches and
agencies of foreign banks, September 30, 2006
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
GDP
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
Gross domestic product
GNMA
GSE
HUD
IBF
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
Government National Mortgage Association
Government-sponsored enterprise
Department of Housing and Urban
Development
International banking facility
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 2007
1.10
RESERVES AND MONEY STOCK MEASURES
Percent annual rate of change, seasonally adjusted1
Monetary or credit aggregate
Q4
Q1
Q2
Q3
July
Aug.
Sept.
-4.5
-5.2
-2.9
4.5
-13.4
-11.1
-12.7
5.1
9.6
7.6
8.6
4.1
-15.0
-13.8
-16.4
.7
-31.8
-26.4
-34.5
-.8
-35.4
-36.3
-36.2
.9
-6.5
-.8
.8
-.3
4.9
9.3
1.3
5.4
.5
3.3
-3.5
4.2
n.a.
-3.8'
4.3
.4
4.9
-6.6
4.0
6.2
17.7
4.0
n.a.
6.2
n.a.
6.7
6.7
21.4
.8
17.4
n.a.
.0
18.6
n.a.
.8
17.7
-6.4
20.0
n.a.
.7
23.2
n.a.
7.7
8.4
8.6
13.1
15.8
17.3
n.a.
n.a.
n.a.
n.a.
2
1
2
3
4
Reserves of depository institutions
Total
Required
Nonborrowed
Monetary base3
Concepts of money*
5 Ml
6 M2
7 M3
Nontransaction components
8 In M2S
9 In M3 only1"
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
30.1
36.0
Money market mutual funds
16 Retail10
17 Institution-only
6.3
11.7
Repurchase agreements and Eurodollars
18 Repurchase agreements
19 Eurodollars
22.3
7.9
NOTE: In March 2006, the Board ceased publication of the M3 monetary aggregate and all
the components of non-M2 M3 (large time deposits, repurchase agreements, and Eurodollars)
except for institutional money funds. Measures of large time deposits will continue to be
published by the Board in the Flow of Funds Accounts (Z.I release) on a quarterly basis and
in the H.8 release on a weekly basis (for commercial banks).
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.
1.6
20.8
14.5
14.3
-2.7
-.5
2.1
2.1
11.7
11.5
13.7
4.6
4.6
8.7
n.a.
1.2
7.1
n.a.
9.7
n.a.
8.5
n.a.
-3.4
19.1'
3.9
15.4'
24.5
33.1'
n.a.
6.8
19.5
n.a.
8.3
25.5
-7.2
26.2
-58.3
-9.4
n.a.
-5.4
10.7
n.a.
16.2
20.7
14.6
21.3
18.1
21.3
17.3
15.2
n.a.
n.a.
n.a.
n.a.
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
FACTORS AFFECTING RESERVE BALANCES OF DEPOSITORY INSTITUTIONS'
Millions of dollars
Average of
daily figures
Average of daily figures for week ending on date indicated
Sept.
Oct. 25
Nov. 1
Nov. 8
Nov. 15
Nov. 22
830,799
767,413
767,413
277,019
458,811
27,430
4,152
0
22,893
174
9
0
165
-409
40,728
11,041
2,200
38,120
833,424
768,651
768,651
277,019
459,397
28,053
4,182
0
22,429
172
21
0
152
1,233
40,940
11,041
2,200
38,133
835,236
769,971
769,971
277,019
459,065
29,681
4,206
0
23,536
169
45
0
124
630
40,931
11,041
2,200
38,141
834,833
770,352
770,352
277,019
459,017
30,105
4,211
0
25,786
122
3
0
118
-465
39,039
11,041
2,200
38,150
838,939
770,558
770,558
277,019
459,264
30,105
4,171
0
31,964
199
100
0
99
-381
36,598
11,041
2,200
38,159
843,992
772,074
772,074
277,019
460,818
30,105
4,133
0
34,750
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 . .
828,207
768,096
768,096
277,019
461,004
26,019
4,055
0
20,008
411
68
0
343
314
39,378
11,041
2,200
38,052
831,123
768,415
768,415
277,019
460,442
26,818
4,136
0
22,266
225
22
0
203
-36
40,254
11,041
2,200
38,110
838,636
770,774
770,774
277,019
459,586
29,990
4,179
0
29,167
150
39
0
38,545
11,041
2,200
38,155
831,445
768,577
768,577
277,019
460,803
26,624
4,131
0
22,786
230
34
0
197
-467
40,320
11,041
2,200
38,108
794,020
27,814
27,814
0
166
794,480
30,914
30,914
0
167
801,980
31,547
31,547
0
177
794,852
31,424
31,424
0
165
794,146
30,721
30,721
0
180
794,737
31,958
31,958
0
181
797,339
32,165
32,165
0
190
799,918
32,475
32,475
0
182
803,010
31,193
31,193
0
175
807,706
30,476
30,476
0
163
12,250
4,939
92
6,893
6,893
0
327
35,976
9,274
12,742
5,404
93
6,945
6,945
0
300
36,272
7,899
12,140
4,906
93
6,851
6,847
5
290
35,656
8,532
12,170
4,855
104
6,915
6,915
0
297
36,080
8,103
12,470
5,178
89
6,914
6,914
0
290
36,417
8,226
12,305
4,982
89
6,933
6,933
0
300
36,688
8,929
12,337
5,034
100
6,932
6,932
0
272
36,637
7,951
12,186
4,960
91
6,827
6,808
20
308
34,737
6,726
11,846
4,663
91
6,805
6,805
0
288
35,165
8,950
12,241
5,030
90
6,832
6,832
0
290
35,925
11
0
101
-403
37,459
11,041
2,200
38,168
ABSORBING RESERVE FUNDS
25
26
27
28
29
30
31
32
Wednesday figures
End-of-month figures
Sept.
Nov. 1
Nov.
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 . .
0
320
-1,099
39,579
11,041
2,200
38,084
841,677
768,493
768,493
277,019
457,635
29,611
4,229
0
29,750
157
18
0
139
2,605
40,672
11,041
2,200
38,133
847,431
772,604
772,604
277,019
461,368
30,105
4,112
0
37,750
102
5
0
97
-467
37,442
11,041
2,200
38,177
829,730
766,651
766,651
277,019
458,058
27,430
4,143
0
22,750
404
217
0
187
-333
40,258
11,041
2,200
38,108
838,500
768,422
768,422
277,019
459,815
27,430
4,157
0
30,000
172
6
0
166
-883
40,790
11,041
2,200
38,120
840,648
769,918
769,918
277,019
459,065
29,611
4,223
0
25,000
197
58
0
139
4,796
40,738
11,041
2,200
38,133
844,120
770,425
770,425
277,019
459,065
30,105
4,236
0
31,500
318
196
0
122
713
41,165
11,041
2,200
38,141
841,180
770,050
770,050
277,019
458,730
30,105
4,197
0
35,250
118
1
0
117
-481
36,243
11,041
2,200
38,150
850,598
771,873
771,873
277,019
460,598
30,105
4,152
0
43,000
139
43
0
96
-1,423
37,009
11,041
2,200
38,159
842,762
772,610
772,610
277,019
461,368
30,105
4,118
0
33,000
128
26
0
102
-806
37,830
11,041
2,200
38,168
790,582
31,155
31,155
0
150
796,047
33,805
33,805
0
179
806,375
31,049
31,049
0
164
795,847
32,895
32,895
0
180
795,584
31,151
31,151
0
179
797,201
31,186
31,186
0
191
800,299
31,487
31,487
0
183
802,100
32,764
32,764
0
177
807,829
29,335
29,335
0
163
808,289
30,723
30,723
0
164
12,777
5,451
98
6,992
6,992
0
236
36,027
9,859
12,997
5,617
104
6,933
6,933
0
344
36,955
13,067
11,573
4,373
90
6,832
6,832
0
278
36,163
13,526
12,833
5,540
91
6,915
6,915
0
287
35,871
3,454
12,643
5,346
90
6,914
6,914
0
293
36,030
14,275
12,354
5,007
91
6,933
6,933
0
323
36,261
14,829
11,985
4,624
155
6,932
6,932
0
275
36,213
15,336
12,033
4,820
92
6,827
6,808
20
294
34,616
10,883
11,305
4,128
92
6,805
6,805
0
280
35,396
17,970
12,046
4,807
92
6,832
6,832
0
316
35,746
7,203
829,226
768,924
768,924
277,019
461,791
26,019
4,096
0
21,500
322
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 2007
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
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
Seasonal
2003
2004
2005
2006
Dec.
Dec.
Dec.
May
June
July
Aug.
Sept.
Oct.
Nov.
10,863
44,063
32,086
11,976
42,949
41,906
1,043
12,046
47,264
34,801
12,462
46,848
44,938
1,909
10,048
51,315
35,346
15,969
45,394
43,490
1,903
10,627
48,306
34,800
13,506
45,427
43,624
1,803
9,894
48,996
35,143
13,852
45,037
43,247
1,790
9,589
49,628
35,252
14,376
44,841
43,294
1,547
8,780
50,247
33,884
16,363
42,664
41,131
1,533
9,101
49,409
33,493
15,915
42,594
40,832
1,762
8,254
50,102
33,486
16,616
41,740
40,061
1,680
8,457
48,969
33,763
15,206
42,221
40,517
1,703
46
17
0
29
63
11
0
52
169
97
0
72
175
24
0
151
253
16
0
237
350
39
0
312
369
26
0
343
403
66
0
338
229
24
0
205
160
48
0
112
B weekly averages of daily figures for two-week periods ending on dates indicated
2006
1
2
3
4
5
6
7
8
9
10
11
2
Reserve balances with Reserve Banks
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
Seasonal
Aug. 2
Aug. 16
Aug. 30
Sept. 13
Sept. 27
Oct. 11
Oct. 25
Nov. 8
Nov. 22
Dec. 6
10,802
49,734
37,417
12,317
48,219
46,716
1,503
7,543
51,251
31,805
19,446
39,347
37,779
1,568
9,765
49,424
35,663
13,762
45,427
43,963
1,464
8,279
48,744
31,031
17,713
39,309
37,246
2,063
10,036
49,526
35,883
13,643
45,919
44,517
1,402
8,302
51,745
33,012
18,733
41,314
39,179
2,135
8,136
49,517
33,894
15,623
42,030
40,665
1,365
8,444
48,455
33,403
15,052
41,847
40,269
1,577
7,845
49,583
33,590
15,993
41,435
39,914
1,521
9,543
48,410
34,427
13,983
43,970
41,822
2,147
418
78
0
340
344
9
0
335
380
30
0
351
465
124
0
341
370
21
0
349
295
23
0
273
202
22
0
181
171
33
0
138
161
52
0
109
147
56
0
92
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.
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
2/16/07
Effective date
Previous rate
On
2/16/07
Effective date
Previous rate
On
2/16/07
Effective date
Previous rate
6.25
6/29/06
6/29/06
6/29/06
6/29/06
6/29/06
6/29/06
6.00
6.75
6/29/06
6/29/06
6/29/06
6/29/06
6/29/06
6/29/06
6.50
5.30
1/18/07
5.25
i
"hicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
Seasona credit3
i
6/29/06
6/30/06
6/29/06
7/6/06
6/29/06
6/29/06
i
6.25
'
6.00
6.75
1
6/29/06
6/30/06
6/29/06
7/6/06
6/29/06
6/29/06
i
1
1
6.50
5.30
1/18/07
5.25
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.
5.50-5.75
5.75
5.75-6.00
6.00
6.00-6.25
6.25
5.75
5.75
6.00
6.00
6.25
6.25
6.25
6.25
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
2006—Mar. 28
30
May 10
11
June 29
July 6
In effect February 16, 2007
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 2007
RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS
Requirement
Type of liability
Net transaction accounts^
1 $0 million-$8.5 million2
2 More than $8.5 million-$45.8 million3
3 More than $45.8 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
12/21/06
12/21/06
12/21/06
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
July
Aug.
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 . . .
18,150
0
738.886
738,886
0
821,685
821,685
8,300
0
871,661
871,661
0
64,886
64,886
75,196
75,196
95,728
95,728
1,649
0
70,972
70,972
0
90,885
90,885
0
0
72,636
72,636
0
0
0
65,400
65,400
0
6,565
0
96,433
-103,153
0
7,994
0
103,380
-118,373
2,894
0
109,557
-108,098
2,795
0
0
-834
1,375
0
24,441
-15,746
1,217
0
6,667
-7,997
0
0
6,614
-10,078
3,931
415
0
20,379
-13,535
0
0
6,861
0
0
1,757
0
7,427
-16,498
3,749
7,814
0
-76,364
97,256
17,249
0
-84,844
110,819
11,309
0
-91,121
97,723
1,096
0
2,317
0
-21,298
13,452
2,650
0
-3,167
7,997
549
0
-3,784
7,254
1,454
0
-13,673
10,421
1,320
0
-6,861
0
1,395
0
-5,246
15,086
4,107
0
-11,131
5,897
5,763
0
-8,012
7,554
3,626
0
-7,041
7,375
0
101
0
949
2,294
1,080
0
-3,500
0
0
0
-2,830
1,588
0
0
-5,149
1,557
548
0
0
0
33
0
-2,181
1,412
220
0
-8,938
0
1,364
0
-10,524
2,007
0
-11,395
3,000
0
0
-4,092
0
0
0
0
0
0
1,235
0
0
-1,557
1,557
228
0
0
0
0
0
0
0
36,856
0
0
50,507
0
28,136
0
2,795
3,793
0
1,217
3,730
0
2,198
0
3,931
1,869
0
2,096
0
0
3,185
0
3,749
36,856
50,507
3,730
-1,733
1,869
1,522,888
1,518,638
1,887,650
2,083,300
163,750
166,250
200,750
194,250
182,000
181,500
177,000
178,000
178,000
178,000
128,000
136,750
178,000
169,750
4,942,131
4,946,691
5,621,153
5,626,285
6,421,223
6,420,945
488,091
485,659
531,844
532,338
567,926
572,488
584,190
584,959
642,084
640,413
554,480
557,372
649,172
651,821
-310
-15,882
14,028
-68
6,006
-4,061
-1,769
1,671
-11,643
5,601
36,536
34,626
39,369
1,028
8,582
-331
-3,502
3,540
-9,547
5,037
834
1,096
0
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
37 Net change in temporary transactions
38 Total net change in System Open Market Account
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 2007
FEDERAL RESERVE BANKS
Condition and Federal Reserve Note Statements'
Millions of dollars
Wednesday
Nov. 15
Sept.
Nov. 22
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
11,037
2,200
834
795,114
769,918
769,918
277,019
459,065
29,611
4,223
0
25,000
197
9,615
1,912
38,836
20,143
18,693
11,037
2,200
847
802,243
770,425
770,425
277,019
459,065
30,105
4,236
0
31,500
318
5,164
1,904
39,244
20,105
19,139
11,037
2,200
833
805,418
770,050
770,050
277,019
458,730
30,105
4,197
0
35,250
118
3,876
1,909
34,289
20,122
14,166
859,548
862,639
859,562
760,089
31,186
27,192
21,771
5,007
91
323
4,820
5,561
763,183
31,487
27,306
22,252
4,624
155
275
4,450
5,610
828,849
11,037
2,200
11,037
2,200
11,037
2,200
11,037
2,200
805
786
805,738
873
790,746
768,924
768,924
829
798,400
768,493
768,493
277,019
461,791
26,019
277,019
457,635
29,611
4,096
0
4,229
0
29,750
815,012
771,873
771,873
277,019
460,598
30,105
4,152
0
43,000
139
3,076
1,910
35,053
20,345
14,708
772,610
772,610
277,019
461,368
30,105
4,118
0
33,000
128
3,088
1,912
35,892
21,500
322
2,600
1,893
157
8,048
1,906
38,766
11,037
2,200
804
810,456
772,604
772,604
277,019
461,368
30,105
4,112
0
37,750
102
2,769
1,916
35,493
20,743
20,581
15,311
38,170
19,961
18,209
18,609
14,750
869,093
860,652
847,519
861,187
864,675
764,955
32,764
22,869
17,664
4,820
92
294
4,358
5,937
770,633
29,335
29,228
24,727
771,067
30,723
19,242
14,028
758,918
33,805
26,065
20,000
4,128
4,807
92
753,517
31,155
23,115
17,330
5,451
769,161
31,049
25,122
20,381
4,373
832,036
830,884
15,113
12,901
2,686
15,296
12,901
2,406
15,289
10,554
2,835
30,700
30,603
1,694,425
1,144,760
549,666
1,859
1,700,827
1,148,020
552,807
1,628
20,157
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
92
280
5,617
104
344
5,444
5,932
3,873
5,984
98
236
3,704
5,608
5,580
3,180
6,182
839,628
830,890
817,100
829,812
834,695
15,295
10,554
3,616
15,305
10,554
3,904
15,069
12,901
2,449
15,108
12,901
3,366
15,305
10,554
4,122
29,762
30,419
1,707,124
1,146,412
560,712
1,671,406
1,127,142
1,693,709
562,845
550,526
1,706,328
1,144,649
561,679
1,557
3,585
544,264
1,969
1,557
7,787
4,501
316
90
278
CAPITAL ACCOUNTS
30 Capital paid in
31 Surplus
32 Other capital accounts
29,981
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
1,705,897
1,149,474
556,423
2,454
1,713,472
1,150,626
1,143,183
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
941,405
943,413
945,589
946,742
948,145
933,838
940,492
948,439
181,315
760,089
760,089
11,037
2,200
746,852
0
180,230
763,183
763,183
11,037
2,200
180,634
176,108
770,633
770,633
11,037
2,200
757,397
0
757,830
0
740,280
0
11,037
2,200
745,681
0
179,277
769,161
769,161
11,037
2,200
749,946
0
11,037
2,200
751,719
0
180,321
753,517
753,517
11,037
2,200
181,574
764,955
764,955
177,078
771,067
771,067
11,037
2,200
794,918
801,925
805,300
814,873
805,610
790,424
798,243
31,487
31,762
32,821
29,528
30,897
31,218
34,139
31,094
763,430
770,163
772,480
785,346
774,712
759,207
764,104
779,260
758,918
758,918
755,925
0
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.
810,354
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.
1 Total loans
157
118
66
131
0
207
112
0
32
136
3
124
4
0
231
90
129
83
19
0
769,918
770,425
770,050
771,873
772,610
768,924
768,493
772,604
60,074
154.842
193,350
218,327
61,746
81,578
42,894
178,195
187,174
218,530
62,057
81,575
57,985
155,219
193,265
217,679
62,048
83,853
58,834
158,397
189,455
219,213
67,249
78,726
59,795
158,353
188,536
219,202
67,241
79,482
40,997
183,701
187,766
214,629
60,278
81,554
43,132
171,784
193,350
216,899
61,748
81,580
35,217
170,593
200,816
219,258
67,240
79,480
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
25,000
31,500
35,250
43,000
33,000
21,500
29,750
37,750
20 Within 15 days
25,000
0
31,500
0
35,250
0
43,000
0
33,000
0
21,500
0
29,750
0
37,750
0
32,764
29,335
32,764
0
29,335
0
30,723
0
31,155
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"
31,186
31,186
31,487
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.
33,805
33,805
0
31,049
0
2. Cash value of agreements classified by remaining maturity of the agreements.
12
Federal Reserve Bulletin Statistical Supplement • February 2007
1.20
AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE1
Billions of dollars, averages of daily figures
2002
Dec.
2003
Dec.
2004
Dec.
2005
Dec.
Apr.
May
July
Aug.
Sept.
44.18
43.83
42.63
804.07
42.88
42.51
41.34
804.69
42.88
42.48
41.12
805.20
42.78
42.55
41.10
806.64
43.20
43.04
41.50
809.75
Seasonally adjusted
ADJUSTED FOR
CHANGES IN RESERVE REQUIREMENTS2
1
2
3
4
Total reserves3
Nonborrowed reserves4
Required reserves
Monetary base5
40.36
40.28
38.35
681.65
42.70
42.65
41.66
720.52
46.63
46.56
44.72
759.67
45.30
45.13
43.40
788.14
44.59
44.35
42.77
800.57
45.02
44.85
43.22
804.74
45.38
45.13
43.59
804.58
Not seasonally adjusted
5
6
7
8
Total reserves'"
Nonborrowed reserves .
Required reserves7 . . . .
Monetary bases
40.13
40.05
38.12
686.23
42.45
42.41
41.41
725.21
46.52
46.46
44.61
764.66
45.15
44.98
43.25
793.38
44.75
44.50
42.92
800.90
45.45
45.28
43.65
804.69
45.07
44.82
43.28
804.88
44.88
44.53
43.33
804.60
42.70
42.33
41.16
802.65
42.63
42.22
40.87
803.09
41.77
41.54
40.09
802.29
42.25
42.09
40.54
808.52
40.27
40.19
38.26
697.15
2.01
.08
42.95
42.90
41.91
737.62
1.04
.05
46.85
46.79
44.94
774.77
1.91
.06
45.39
45.23
43.49
802.30
1.90
.17
44.72
44.48
42.90
808.42
1.83
.25
45.43
45.25
43.62
811.88
1.80
.18
45.04
44.78
43.25
812.20
1.79
.25
44.84
44.49
43.29
811.73
1.55
.35
42.66
42.30
41.13
809.72
1.53
.37
42.59
42.19
40.83
809.98
1.76
.40
41.74
41.51
40.06
809.24
1.68
42.22
42.06
40.52
815.39
1.70
.16
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
2002
Dec.
2003
Dec.
2004
Dec.
2005
Dec.
Aug.
Sept.
Seasonally adjusted
Measures2
1 Ml
2 M2
3 M3
1,219.5
5.774.1
8,568.0
1,305.5
6,062.0
8,872.3
1,375.3
6,411.7
9,433.0
1,373.2
6,669.4
10,154.0
1,371.5
6,863.4
n.a.
1,363.9
6,886.5
n.a.
1,369.1
6,936.2
n.a.
1,370.5
6,977.0
n.a.
626.3
7.8
306.1
279.3
662.7
7.7
325.4
309.7
697.9
7.6
342.5
327.4
724.5
7.2
324.1
317.5
741.8
6.8
315.4
307.5
742.3
6.8
308.6
306.2
744.5
6.8
311.9
306.0
747.5
6.8
312.6
303.6
4,554.6
2,767.4
4,756.5
2,792.7
5,036.4
3,011.1
5,296.2
3,478.5
5,491.8
n.a.
5,522.6
n.a.
5,567.1
n.a.
5,606.5
n.a.
Commercial banks
10 Savings deposits, including MMDAs . . .
11 Small time deposits9
12 Large time deposits10-"
2,060.2
590.2
698.2
2,337.5
536.7
764.5
2,630.7
545.7
909.3
2,769.6
634.9
1,122.9
2,781.0
715.6'
n.a.
2,790.0
724.8
n.a.
2,847.0
744.8'
n.a.
2,863.2
756.9
n.a.
Thrift institutions
13 Savings deposits, including MMDAs . . .
14 Small time deposits9
15 Large time deposits10
717.7
302.4
117.5
831.4
273.5
120.7
887.0
271.9
161.5
849.3
339.8
230.7
848.4
388.7
n.a.
843.3
397.2
n.a.
802.3
394.1
n.a.
798.7
397.6
n.a.
884.1
1,256.5
777.4
1,123.5
701.0
1,072.7
702.7
1,139.4
758.1
1,243.8
767.3
1,265.9
778.9
1,288.4
790.1
1,304.7
473.4
230.7
494.8
295.3
492.6
379.1
564.3
423.9
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
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
1,245.0
5,805.1
8,633.5
1,332.0
6,091.8
8,927.8
1,401.5
6,443.4
9,482.2
1,396.5
6,703.3
10,201.4
1,369.6
6,849.9
1,347.2
6,877.2
n.a.
1,360.1
6,919.1
n.a.
1,367.8
6,984.3
630.3
7.7
323.3
283.8
666.7
7.6
342.6
315.0
702.4
7.5
358.7
332.8
728.9
7.2
337.7
322.8
740.4
7.0
316.7
305.4
739.5
6.8
300.4
300.3
740.7
6.7
311.6
301.0
746.2
6.7
314.5
300.4
Nontransaction components
27 In M27
28 In M3 onlys
4,560.1
2,801.3
4,759.9
2,815.9
5,042.0
3,025.4
5,306.7
3,488.3
5,480.3
5,530.0
n.a.
Commercial banks
29 Savings deposits, including MMDAs . . .
30 Small time deposits9
31 Large time deposits10-"
2,061.6
590.2
697.4
2,337.9
536.3
760.9
2,633.3
545.2
903.3
2,776.0
634.2
1,114.4
2,771.4'
717.1
2,794.0
727.3
n.a.
2,839.0
747.6
n.a.
2,869.2
758.7
Thrift institutions
32 Savings deposits, including MMDAs . . .
33 Small time deposits9
34 Large time deposits10
718.2
302.4
117.3
831.5
273.4
120.1
887.9
271.6
160.4
851.2
339.5
228.9
845.4'
389.5
844.5
398.6'
n.a.
800.0'
395.5
800.4
398.5
887.7
1,289.8
780.8
1,150.1
704.1
1,095.8
705.7
1,162.6
756.9
1,238.8
765.7
1,259.5
776.8
1,281.5
789.8
1,304.9
476.4
228.8
497.6
292.8
494.6
376.6
566.1
422.0
23
24
25
26
Ml components
Currency3
Travelers checks4
Demand deposits5
Other checkable deposits6
Money market mutual funds
35 Retail12
36 Institution-only
Repurchase agreements and Eurodollars
37 Repurchase agreements
38 Eurodollars
Footnotes appear on following page.
n.a.
n.a.
5,616.5
14
Federal Reserve Bulletin Statistical Supplement • February 2007
NOTES TO TABLE 1.21
NOTE: In March 2006, the Board ceased publication of the M3 monetary aggregate and all
the components of non-M2 M3 (large time deposits, repurchase agreements, and Eurodollars)
except for institutional money funds. Measures of large time deposits will continue to be
published by the Board in the Flow of Funds Accounts (Z.I release) on a quarterly basis and
in the H.8 release on a weekly basis (for commercial banks).
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.
2007
2007
2006
2006
Oct.
Nov.'
Dec'
Jan.
Jan. 10
Jan.17
Jan. 24
Jan. 31
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
7,558.6
2,067.7
1,151.6
916.1
5,490.9
1,052.6'
2,941.8'
447.0
2,494.8'
711.6
255.9
529.1'
289.9
320.0
720.8
7,981.6
2,195.2
1,211.7'
983.5
5,786.5
1,130.0'
3,127.9
451.4
2,676.4'
722.3
257.8
548.5'
291.8
314.0
790.5
8,040.9
2,206.4
1,221.9'
984.5'
5,834.5
1,159.9'
3,127.7'
448.0
2,679.8
728.5
265.5
552.9'
284.4
301.7
794.7
8,060.2
2,191.1
1,210.5'
980.7'
5,869.1
1,164.6'
3,150.1'
450.3
2,699.8'
727.4
277.0
550.0'
313.5
295.4
798.2
8,192.7'
2,206.3'
1,210.1'
996.2'
5,986.4
1,175.8'
3,295.6'
466.3'
2,829.3
724.1
279.4
511.5'
326.0
300.3
821.3
8,230.8
2,219.2
1,206.3
1,012.8
6,011.6
1,180.5
3,301.2
467.9
2,833.2
729.3
288.0
512.7
341.5
297.6
812.9
8,281.1
2,221.3
1,192.4
1,028.8
6,059.8
1,189.6
3,323.9
470.6
2,853.3
736.4
292.3
517.7
359.1
301.2
831.4
8,309.6
2,212.7
1,194.7
1,018.0
6,096.8
1,193.1
3,345.2
472.9
2,872.3
744.1
295.8
518.7
367.0
300.9
846.7
8,295.5
2,210.1
1,195.3
1,014.7
6,085.4
1,190.6
3,342.9
472.7
2,870.2
743.5
301.1
507.3
355.6
302.5
831.6
8,308.3
2,213.3
1,192.4
1,020.9
6,095.0
1,197.8
3,336.7
472.6
2,864.2
744.5
295.7
520.3
360.5
307.6
835.5
8,312.0
2,207.9
1,185.4
1,022.5
6,104.1
1,193.5
3,350.4
474.0
2,876.4
746.8
286.2
527.1
388.7
279.1
851.3
8,330.2
2,221.7
1,205.1
1,016.6
6,108.5
1,190.8
3,358.5
472.8
2,885.7
743.7
297.4
518.2
360.8
308.9
867.4
8,822.8
9,310.1
9,353.9
9,399.6'
9,571.2
9,613.7
9,702.0
9,754.0
9,714.9
9,741.6
9,760.6
9,797.5
5,815.6
666.1
5,149.5
1,452.4
3,697.0
1,748.1
381.1
1,367.0
60.2
479.0'
6,039.6
640.1
5,399.5
1,616.2
3,783.4
1,801.0
348.4
1,452.6
119.1
552.6'
6,065.2
662.4
5,402.8
1,655.0
3,747.7
1,803.8
332.9
1,470.9
114.8
559.8'
6,104.7
636.0
5,468.7
1,694.8
3,773.9
1,853.6
367.5
1,486.1
57.5
553.5'
6,204.3
635.8
5,568.5'
1,714.1
3,854.5
1,909.6
392.1
1,517.5
24.2
569.5'
6,243.5
646.8
5,596.6
1,725.9
3,870.8
1,944.6
397.9
1,546.6
6.5
571.1
6,305.9
630.8
5,675.1
1,726.1
3,949.0
1,957.0
405.8
1,551.2
31.6
576.5
6,339.7
641.9
5,697.8
1,730.6
3,967.2
1,955.4
419.2
1,536.3
18.5
574.4
6,303.2
628.4
5,674.9
1,717.5
3,957.4
1,947.6
391.7
1,555.9
25.0
572.4
6,344.1
636.1
5,708.0
1,731.4
3,976.7
1,946.8
416.6
1,530.2
5.7
573.5
6,369.9
646.6
5,723.3
1,738.6
3,984.7
1,946.4
424.7
1,521.7
29.5
563.7
6,341.6
669.5
5,672.2
1,735.4
3,936.8
1,983.7
451.5
1,532.2
0.7
586.1
8,103.0'
8,512.3'
8,543.7'
8,569.3'
8,707.6'
8,765.6
8,871.0
8,888.2
8,848.3
8,870.1
8,909.5
8,912.2
719.8'
797.8'
810.3'
830.4'
863.6'
848.1
831.1
865.8
866.6
871.6
851.2
885.2
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.
7,571.9
2,066.4
1,145.7
920.7
5,505.4
1,051.8'
2,944.5
444.9
2,499.6'
723.6
318.3
405.3
258.9
526.6'
289.2
332.0
717.6
7,949.7
2,183.0
1,204.0
978.9'
5,766.7
1,127.9'
3,119.3
452.3
2,667.0
715.0
306.9
408.1
254.0
550.6'
284.3
309.2
791.0
8,017.7
2,199.8
1,215.6'
984.2'
5,817.8
1,153.8'
3,128.1'
449.5
2,678.6'
725.7
312.0
413.7
258.2
552.0'
282.5
292.0
796.9
8,057.3
2,184.9
1,200.8'
984.1'
5,872.4
1,158.8'
3,157.1'
452.2
2,704.9'
729.1
312.6
416.5
274.2
553.1'
310.1
296.4
800.4
8,192.9'
2,195.9
1,197.9'
998.0'
5,997.0
1,170.1'
3,306.1'
467.5
2,838.7
726.0
308.5
417.4
284.9
509.9'
328.2'
302.9'
821.7
8,264.9
2,223.9
1,209.1
1,014.8
6,041.0
1,176.7
3,322.6
468.0
2,854.6
732.8
313.1
419.7
294.9
514.0
349.2
305.5
813.0
8,325.4
2,225.4
1,192.2
1,033.2
6,100.0
1,187.9
3,337.2
469.3
2,867.9
747.6
331.5
416.2
303.7
523.5
365.4
317.2
828.9
8,333.7
2,217.8
1,194.6
1,023.2
6,115.8
1,192.4
3,348.3
470.7
2,877.6
756.4
332.8
423.7
298.7
520.1
366.2
312.2
842.8
8,313.2
2,211.3
1,191.4
1,020.0
6,101.9
1,188.3
3,349.7
469.8
2,879.9
753.6
333.5
420.1
298.7
511.6
351.2
298.4
833.3
8,337.4
2,221.2
1,193.1
1,028.1
6,116.2
1,195.6
3,341.6
470.1
2,871.5
757.4
334.8
422.6
299.7
521.9
361.2
337.5
832.5
8,336.4
2,216.5
1,188.3
1,028.2
6,119.9
1,193.2
3,349.8
471.8
2,878.0
760.0
334.9
425.0
291.6
525.4
382.5
288.8
836.2
8,354.9
2,226.6
1,206.6
1,020.0
6,128.3
1,192.2
3,358.5
471.6
2,886.9
755.4
326.3
429.2
305.6
516.6
366.9
307.1
866.6
8,844.3
9,266.5
9,321.2'
9,396.3
9,576.8
9,663.3
9,766.0
9,784.9
9,726.1
9,798.4
9,773.8
9,825.6
5,805.4
674.5
5,130.9
1,456.1
3,674.7
1,746.7
380.5
1,366.2
67.2
485.3'
6,025.1
633.2
5,391.9
1,619.3
3,772.6
1,796.4
347.7
1,448.8
110.5
544.7'
6,050.4
649.6
5,400.8
1,652.2
3,748.6
1,797.1
333.9
1,463.2
115.7
561.3'
6,094.2
630.8
5,463.4
1,685.8
3,777.6
1,863.6
368.9'
1,494.7
61.1
557.1'
6,190.0'
630.8
5,559.2
1,700.1
3,859.1'
1,908.8'
392.5
1,516.2
30.6
574.8'
6,256.2
653.0
5,603.2
1,713.9
3,889.3
1,939.4
398.8
1,540.7
17.9
581.1
6,327.6
665.4
5,662.2
1,719.1
3,943.1
1,945.1
403.3
1,541.8
40.3
584.1
6,327.8
650.0
5,677.8
1,735.1
3,942.7
1,953.6
418.5
1,535.1
26.5
581.9
6,325.1
597.7
5,727.3
1,731.9
3,995.4
1,913.4
386.1
1,527.3
30.2
576.9
6,370.0
655.9
5,714.1
1,736.4
3,977.7
1,938.1
415.0
1,523.1
16.3
583.0
6,278.6
675.8
5,602.8
1,739.9
3,863.0
1,969.0
427.4
1,541.6
47.0
578.9
6,308.5
672.4
5,636.1
1,739.2
3,896.9
2,006.9
454.8
1,552.1
3.3
589.6
8,104.6'
8,476.8'
8,524.4'
8,576.0'
8,704.1'
8,794.6
8,897.1
8,889.8
8,845.5
8,907.5
8,873.5
8,908.3
739.7'
789.7'
796.8'
820.3'
872.7'
868.7
869.0
895.1
880.6
891.0
900.2
917.3
16
Federal Reserve Bulletin Statistical Supplement • February 2007
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.
2007
2007
2006
2006
Oct.
Nov.
Dec'
Jan.
Jan. 10
Jan.17
Jan. 24
Jan. 31
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
6.747.0
1,720.2
1,075.2
644.9
5.026.8
882.8'
2.921.0
447.0
2.474.0
711.6
112.7
398.7
247.9
268.2
684.6
7.097.3
1,829.4
1,131.0
698.3'
5.267.9
936.7'
3.104.7'
451.4
2.653.3'
722.3
93.2
411.1
245.1
260.6
744.6
7.126.1
1,830.3
1,137.4'
693.0'
5.295.7
953.3
3.104.5'
448.0
2.656.5'
728.5
96.9
412.5
232.6
248.9
745.4
7.149.8
1,820.5
1,126.0'
694.5'
5,329.3
954.8'
3.126.6'
450.3
2.676.3'
727.4
111.3
409.3
256.4
247.2
755.2
7,277.3'
1,838.8'
1.129.0'
709.8'
5.438.5'
961.1'
3.271.7
466.3'
2.805.3'
724.1
112.4
369.3
264.0
252.8
781.8
7.315.4'
1,846.9
1,123.5'
723.4'
5.468.5'
965.2'
3.277.6'
467.9
2.809.7
729.3
121.0
375.3
275.8
246.0'
777.7
7.350.5
1,847.2
1,108.0
739.2
5.503.4
973.5
3.299.6
470.6
2.829.0
736.4
118.5
375.5
295.0
250.3
795.6
7.370.9
1,836.1
1,112.6
723.5
5.534.8
976.4
3.320.5
472.9
2.847.6
744.1
119.1
374.8
299.5
250.4
812.0
7.360.5
1,837.3
1,113.4
723.8
5.523.2
974.5
3.318.4
472.7
2.845.7
743.5
121.8
365.0
291.9
253.7
798.1
7,374.9
1,836.0
1,111.7
724.3
5.538.9
980.8
3.312.0
472.6
2.839.5
744.5
125.7
375.8
290.9
257.1
799.4
7.376.2
1,828.6
1,103.9
724.8
5.547.6
976.0
3.325.9
474.0
2.851.9
746.8
117.3
381.5
313.9
229.9
814.1
7.378.2
1,841.4
1,121.1
720.2
5.536.9
973.6
3,333.7
472.8
2.860.9
743.7
111.6
374.3
296.5
256.4
836.9
7,881.7
8,280.3
8,285.7
8,341.3
8,507.3'
8,546.3
8,621.2
8,663.2
8,634.5
8,652.5
8,664.3
8,698.6
5.201.3
653.4
4.547.9
852.2
3.695.7
1,312.6
316.2
996.4
269.2
380.0'
5.359.0
628.2
4.730.8
958.9
3.771.9
1,377.5
299.5
1,078.0
318.4
432.4'
5.356.1
651.1
4.704.9
966.9
3.738.0
1,376.4
286.3
1,090.1
316.5
432.7'
5,363.3
625.3
4.738.0
972.9
3.765.1
1,406.9
313.1
1,093.8
309.6
432.5'
5.452.9
625.4
4.827.4'
976.3
3.851.1'
1,441.0'
333.6
1,107.3
292.5
454.0'
5.479.4
635.8'
4.843.6'
974.6'
3.869.0'
1,455.3
334.8
1,120.5
304.0
457.9'
5.544.6
620.1
4.924.5
977.3
3.947.2
1,453.1
343.8
1,109.3
323.7
461.4
5.568.2
631.4
4.936.8
971.4
3.965.4
1,446.6
355.9
1,090.6
323.7
457.6
5.540.4
618.0
4.922.4
966.7
3.955.6
1,444.6
339.0
1,105.6
330.0
461.3
5.573.5
626.1
4.947.4
972.5
3.974.9
1,439.4
354.9
1,084.5
312.4
456.3
5.595.2
636.1
4.959.1
976.1
3.983.0
1,451.7
363.1
1,088.6
328.0
442.2
5.562.0
658.0
4.904.0
969.0
3.935.0
1,452.1
373.2
1,078.9
319.2
469.5
7,163.1'
7,487.3'
7,481.6'
7,512.3'
7,640.3'
7,696.6'
7,782.8
7,796.1
7,776.2
7,781.5
7,817.2
7,802.7
718.6'
793.0'
804.0'
828.9'
867.0'
849.7'
838.4
867.2
858.3
871.1
847.1
895.9
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 assets56
Other assets
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.
6,755.9
1,718.9
1.069.3
649.6
5.037.0
880.4
2.923.8'
444.9
2.478.8
1,202.1
1,276.7
723.6
318.3
405.3
111.6
397.6
247.2
279.4
680.2
7,069.1
1,817.2
1.123.4'
693.8'
5.252.0
935.2
3.096.1'
452.3
2.643.8'
1,283.2
1,360.6'
715.0
306.9
408.1
92.5
413.1
237.7
256.3
745.9
7,110.8
1,823.8
1,131.1'
692.7'
5.287.1
947.8'
3.104.9
449.5
2.655.4'
1,280.8'
1,374.6
725.7
312.0
413.7
95.9
412.8
230.7
238.8
748.0
7,151.7
1,814.2
1.116.3'
698.0'
5,337.4
950.5'
3.133.6'
452.2
2.681.4'
1,291.6
1,389.8'
729.1
312.6
416.5
111.5
412.7
252.9
247.2
758.0
7,280.7'
1,828.4
1,116.8'
711.6'
5.452.3'
958.3'
3.282.2
467.5
2.814.7'
1,400.3
1,414.4'
726.0
308.5
417.4
115.1
370.7
266.1
254.6
783.0
7,348.2'
1,851.6
1.126.2'
725.4'
5.496.6
963.7'
3.299.0'
468.0
2.831.0
1,404.5
1,426.6
732.8
313.1
419.7
123.1
378.0
283.4
253.3
778.4
7,386.7
1,851.3
1.107.8
743.5
5.535.4
971.1
3.312.9
469.3
2.843.5
1,410.9
1,432.7
747.6
331.5
416.2
123.1
380.7
301.3
265.1
792.2
7,386.7
1,841.3
1.112.5
728.8
5.545.5
973.6
3.323.6
470.7
2.852.9
1,413.1
1,439.9
756.4
332.8
423.7
117.5
374.3
298.7
260.8
807.0
7,374.6
1,838.5
1.109.5
729.0
5.536.1
970.5
3.325.2
469.8
2.855.4
1,420.6
1,434.8
753.6
333.5
420.1
120.1
366.7
287.5
248.5
798.8
7,394.2
1,843.9
1.112.5
731.5
5.550.3
976.5
3.316.9
470.1
2.846.8
1,409.3
1,437.5
757.4
334.8
422.6
124.1
375.5
291.7
285.0
795.5
7,389.3
1,837.2
1.106.8
730.5
5.552.0
973.5
3.325.2
471.8
2.853.5
1,409.5
1,443.9
760.0
334.9
425.0
114.8
378.5
307.8
238.8
797.3
7,390.9
1,846.2
1.122.6
723.6
5.544.6
972.7
3,333.7
471.6
2.862.1
1,416.1
1,446.0
755.4
326.3
429.2
111.0
371.8
302.5
254.8
834.9
7,896.8
8,241.8
8,261.1
8,342.4
8,516.1
8,594.6'
8,674.9
8,683.9
8,640.0
8,696.9
8,663.6
8,713.8
5.188.8
661.6
4.527.3
853.8
3.673.4
1 311 2
315.5
995.7
274.7
385.3'
5.343.1
621.6
4.721.6
960.4
3.761.1
1 373 0
298.8
1,074.1
312.5
426.3'
5.344.4
638.5
4.705.9
967.0
3.738.9
1,369.6
287.2
1,082.4
318.2
434.8'
5.361.2
620.0
4.741.2
972.3
3.769.0
1,416.9
314.4
1,102.5
311.8
435.2'
5.453.8'
620.6
4.833.2'
977.4
3.855.8'
1,440.1
334.1
1,106.0
295.1'
457.3'
5.504.7
642.1'
4.862.6'
975.1
3.887.5'
1,450.1
335.6
1,114.5
309.5
464.5'
5.572.3
654.3
4.918.0
976.7
3.941.4
1,441.2
341.3
1,099.8
328.6
466.8
5,553.5
639.3
4.914.3
973.3
3.941.0
1,444.7
355.2
1,089.5
329.6
463.9
5.554.8
587.3
4.967.5
973.9
3.993.6
1,410.3
333.4
1,076.9
332.8
464.4
5.596.0
645.5
4.950.5
974.6
3.975.9
1,430.7
353.3
1,077.4
318.8
463.3
5.497.0
665.3
4.831.7
970.5
3.861.2
1,474.3
365.8
1,108.5
340.3
454.6
5.528.2
660.8
4.867.4
972.3
3.895.1
1,475.3
376.5
1,098.8
322.6
473.3
7,160.0'
7,455.0'
7,467.1'
7,525.1'
7,646.3'
7,728.8'
7,808.9
7,791.7
7,762.3
7,808.8
7,766.2
7,799.4
736.8'
786.8'
794.0'
817.4'
869.8'
865.8'
866.1
892.1
877.7
888.1
897.3
914.4
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.
2007
2007
2006
2006
Oct.
Nov.
Dec.
Jan.
Jan. 10
Jan.17
Jan. 24
Jan. 31
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.
3.762.0
1,026.1
595.0
36.3
558.7
476.8
81.9
431.1
205.2
225.9
39.8
186.1
2,735.9
524.2
1,461.8
321.2
1,140.6
698.5
442.1
355.4
102.2
3,968.6
1,143.9
663.6
50.2
613.4
543.4
70.0
480.3
228.6
251.7
42.9
208.8
2,824.7
549.2
1,526.8
325.8
1,200.9
738.2
462.8
367.5
82.2
3,983.6
1,142.8
666.7
47.2
619.4
548.9
70.6
476.1
224.3
251.8
42.7
209.1
2,840.8
556.5
1,526.1
326.2
1,199.9
733.2
466.6
373.5
86.0
3,984.5
1,121.2
650.0
44.3
605.7
532.3
73.4
471.2
221.5
249.7
42.6
207.0
2,863.3
554.6
1,541.1
329.2
1,211.8
739.5
472.3
373.7
100.1
4,103.2
1,130.1
653.9
51.5
602.5
529.8
72.6
476.2
222.0
254.2
45.2
209.0
2,973.1
561.9
1,679.3
346.8
1,332.5
847.3
485.2
377.4
101.1
4,138.1
1,140.9
651.6
53.3
598.3
526.5
71.8
489.3
233.1
256.2
47.4
208.8
2,997.2
564.1
1,684.6
346.8
1,337.8
847.2
490.6
383.1
109.1
4,149.9
1,150.5
648.3
49.1
599.2
529.6
69.6
502.2
245.7
256.5
49.5
207.0
2,999.5
569.9
1,684.8
348.9
1,335.9
845.6
490.2
381.6
106.7
4,142.8
1,137.6
651.6
54.8
596.7
525.5
71.2
486.0
228.7
257.3
49.6
207.7
3,005.2
572.2
1,688.3
351.7
1,336.6
845.7
490.9
383.1
107.6
4,143.7
1,138.4
651.5
56.7
594.8
525.7
69.1
486.8
230.4
256.5
49.5
207.0
3,005.4
571.6
1,697.5
351.0
1,346.5
860.1
486.3
381.3
110.1
4,148.6
1,138.2
651.4
60.7
590.6
519.5
71.1
486.8
231.0
255.8
49.2
206.6
3,010.4
576.0
1,681.9
351.4
1,330.5
841.5
489.0
383.7
113.8
4,134.4
1,128.2
641.9
49.1
592.8
519.5
73.3
486.3
229.2
257.2
49.8
207.4
3,006.2
572.2
1,684.0
352.8
1,331.2
836.1
495.1
384.0
106.1
4,142.9
1,143.3
660.6
53.8
606.9
535.0
71.8
482.7
223.8
258.9
50.0
209.0
2,999.6
569.0
1,690.6
352.2
1,338.4
843.3
495.1
385.4
100.6
84.9
17.3
19.1
10.1
65.2
17.0
19.6
10.1
69.1
16.9
20.4
10.2
83.0
17.1
20.8
10.1
84.9
16.3
23.4
10.4
90.4
18.8
23.5
10.5
87.6
19.2
23.4
10.6
88.4
19.2
23.3
10.7
91.7
18.5
23.3
10.6
96.0
17.9
23.2
10.6
86.6
19.5
23.4
10.8
79.9
20.7
23.4
10.9
22.4
147.4
93.4
161.7'
24.8
149.8
94.6
149.3'
24.2
149.9
94.0
137.9'
25.4
143.4
94.1
162.6'
25.6
101.0
93.0
168.6'
29.2
100.4
92.7
166.5'
25.3
104.5
92.7
180.1
28.7
99.7
91.6
182.7
21.6
97.5
91.8
170.6
28.3
101.1
91.8
166.8
32.4
101.5
91.8
206.2
33.1
95.7
90.9
186.8
94.1'
67.6
156.5'
471.4
89.2'
60.2
148.4
494.7
79.4'
58.6
137.2
493.3
101.4'
61.2
137.6
506.4
94.8'
73.8
143.7
513.3
97.3'
69.2
138.6
504.6
109.6'
70.6'
139.5'
511.6'
117.2
65.4
139.4
515.2
102.0
68.7
141.9
504.9
103.2
63.6
143.1
507.9
139.6
66.6
122.5
528.4
125.4
61.4
147.4
521.2
4,520.0'
4,729.1'
4,720.4'
4,759.4'
4,895.4'
4,914.7'
4,947.4'
4,947.0
4,928.0
4,933.2
4,958.3
4,965.4
2,670.4'
311.0
2,359.4'
412.6
1,946.8'
788.2
145.6
642.7
250.6
310.3'
2,719.3'
296.6
2,422.6'
474.5
1,948.1'
840.0
138.0
702.0
298.0
359.9'
2,705.2'
314.2
2,391.1'
470.3
1,920.8'
847.6
136.6
711.0
297.2
356.8'
2,709.2'
301.6
2,407.6'
472.4
1,935.2'
867.7
150.9
716.8
289.3
353.9'
2,777.8'
302.3
2,475.5'
479.1
1,996.5'
881.6
148.1
733.5
271.8
367.9'
2,770.5'
307.0'
2,463.6'
471.8
1,991.8'
896.9
153.1
743.8
282.8
371.2'
2,798.9'
297.5'
2,501.4'
474.4
2,027.0'
886.0
151.9
734.1
300.3
374.6'
2,817.1
307.2
2,509.9
472.7
2,037.2
874.5
136.8
737.7
299.2
367.2
2,797.1
299.5
2,497.6
468.3
2,029.3
880.5
131.9
748.6
305.4
372.4
2,812.8
303.3
2,509.5
475.1
2,034.4
875.4
136.1
739.3
287.5
366.6
2,842.6
311.0
2,531.6
476.9
2,054.6
870.2
132.8
737.4
304.8
352.1
2,815.6
323.1
2,492.5
469.5
2,023.0
873.8
146.3
727.5
294.9
375.9
4,019.6'
4,217.1'
4,206.8'
4,220.1'
4,299.1'
4,321.5'
4,359.9'
4,358.0
4,355.3
4,342.2
4,369.6
4,360.3
500.4'
512.0'
513.6'
539.3'
596.3'
593.1'
587.5'
589.0
572.7
591.0
588.7
605.1
18
Federal Reserve Bulletin Statistical Supplement • February 2007
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
2006
2006
Jan.
July
Aug.
Sept.
2007
2007
Oct.
Nov.
Dec.
Jan.
Jan. 10
Jan.17
Jan. 24
Jan. 31
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 assets58
81 Other assets
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.
3.765.8
1,025.5
589.8
34.7
555.1
473.7
81.4
435.7
207.4
228.3
40.3
188.1
2,740.3
521.8
1,461.2
319.6
1,141.6
698.2
443.4
362.2
120.2
242.1
101.4
3,950.9
1,133.3
657.6
49.0
608.6
538.8
69.8
475.8
226.4
249.3
42.5
206.8
2,817.6
547.9
1,524.5
326.6
1,198.0
737.8
460.1
363.8
115.7
248.1
81.7
3,971.5
1,139.0
663.2
46.5
616.7
546.4
70.3
475.8
224.2
251.6
42.6
209.0
2,832.5
553.2
1,526.0
327.5
1,198.5
733.6
464.9
371.5
119.0
252.5
85.0
3,982.8
1,118.2
643.6
43.2
600.3
527.7
72.6
474.6
223.1
251.5
43.0
208.5
2,864.5
552.5
1,542.2
330.4
1,211.8
740.1
471.7
374.2
120.1
254.2
100.5
4,098.8
1,122.0
644.0
49.0
595.0
523.8
71.3
478.0
222.8
255.2
45.4
209.8
2,976.8
560.5
1,682.0
347.3
1,334.7
847.7
487.0
377.0
120.5
256.5
103.8
4,153.9
1,147.4
656.2
55.8
600.3
527.8
72.5
491.2
234.0
257.2
47.6
209.7
3,006.6
563.6
1,690.8
346.9
1,343.9
850.4
493.4
382.9
124.0
258.9
110.8
4,167.2
1,153.0
646.4
47.2
599.2
529.6
69.6
506.6
247.9
258.7
49.9
208.8
3,014.3
568.2
1,688.2
348.0
1,340.1
847.6
492.5
385.5
130.1
255.4
111.1
4,152.6
1,143.5
652.2
52.2
600.1
529.2
70.8
491.2
231.2
260.0
50.1
209.9
3,009.2
569.6
1,687.5
349.9
1,337.6
845.3
492.3
390.1
129.9
260.1
106.2
4,152.8
1,140.1
648.0
52.5
595.6
527.0
68.6
492.0
232.9
259.1
49.9
209.2
3,012.7
567.5
1,700.6
349.0
1,351.7
862.4
489.3
388.2
130.2
258.0
108.5
4,161.0
1,146.9
652.8
57.2
595.6
525.0
70.6
494.0
234.3
259.7
50.1
209.6
3,014.2
572.2
1,682.2
349.3
1,332.9
842.0
490.9
390.9
131.3
259.6
112.3
4,143.2
1,138.0
646.0
47.3
598.7
526.0
72.7
492.0
231.9
260.1
50.3
209.8
3,005.2
570.0
1,679.6
350.8
1,328.8
833.4
495.3
391.1
130.6
260.5
104.1
4,151.5
1,149.5
663.4
53.2
610.2
538.4
71.8
486.1
225.3
260.8
50.4
210.4
3,002.1
568.3
1,687.9
351.2
1,336.6
840.9
495.8
391.3
127.1
264.1
100.2
84.2
17.2
19.1
10.2
64.6
17.1
19.6
10.2
68.0
17.1
20.4
10.2
83.1
17.4
20.8
10.2
87.0
16.9
23.4
10.4
91.9
19.0
23.5
10.6
91.1
20.0
23.4
10.7
87.2
19.0
23.3
10.8
89.8
18.6
23.3
10.7
94.1
18.2
23.2
10.7
85.3
18.8
23.4
10.8
79.8
20.4
23.4
10.8
22.4
147.6
94.3
162.1'
24.8
151.0
94.0
147.8'
24.2
148.7
93.3
138.5'
25.4
145.2
93.4
161.2'
25.6
101.2
92.9
168.3'
29.2
102.5
92.7
167.6'
25.3
108.9
93.0
182.3'
28.7
100.4
92.6
183.1
21.6
99.4
92.9
166.4
28.3
101.4
92.8
169.3
32.4
101.2
92.5
204.1
33.1
95.3
91.8
192.5
94.3'
67.8
165.5
466.9
88.3'
59.5
144.4
496.0
79.6'
58.8
128.8
496.0
100.5'
60.7
136.2
509.2
94.6'
73.7
144.1
514.5
97.8'
69.8
142.3'
505.3'
111.0'
71.3'
150.6'
508.2'
117.6
65.5
147.9
510.3
99.4
66.9
137.8
505.6
104.7
64.6
164.7
504.1
138.1
65.9
131.7
511.7
129.2
63.3
146.6
519.2
4,528.8'
4,707.3'
4,702.9'
4,757.6'
4,892.7'
4,935.9'
4,974.5'
4,960.9
4,929.7
4,966.0
4,957.6
4,976.8
2,664.3'
317.3
2,347.0'
414.3
1,932.7'
786.8
144.9
641.9
256.1
315.6'
2,712.1'
292.2
2,419.9'
476.0
1,943.9'
835.5
137.3
698.2
292.1
353.8'
2,696.7'
304.1
2,392.5'
470.3
1,922.2'
840.8
137.5
703.3
299.0
358.9'
2,707.9'
297.6
2,410.2'
471.8
1,938.5'
877.7
152.2
725.4
291.5
356.6'
2,778.5'
297.5
2,481.0'
480.1
2,000.9'
880.8
148.5
732.2
274.4
371.1'
2,783.0'
310.4'
2,472.6'
472.2
2,000.4'
891.8
154.0
737.8
288.4
377.8'
2,815.4'
320.2'
2,495.3'
473.7
2,021.5'
874.1
149.4
724.7
305.2
380.0'
2,809.5
313.4
2,496.2
474.6
2,021.6
872.7
136.2
736.5
305.1
373.5
2,802.7
277.9
2,524.9
475.5
2,049.3
846.2
126.2
720.0
308.1
375.5
2,833.2
320.3
2,512.9
477.1
2,035.8
866.7
134.5
732.2
293.9
373.6
2,779.7
331.8
2,447.9
471.3
1,976.7
892.7
135.5
757.2
317.1
364.5
2,800.7
325.7
2,475.0
472.8
2,002.2
897.0
149.6
747.4
298.3
379.8
4,022.8'
4,193.5'
4,195.4'
4,233.6'
4,304.9'
4,340.9'
4,374.8'
4,360.8
4,332.5
4,367.4
4,354.0
4,375.8
506.0'
513.9'
507.5'
524.0'
587.8'
595.0'
599.7'
600.1
597.1
598.6
603.6
601.0
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.
2007
2007
2006
2006
Oct.'
Nov.
Dec'
Jan.
Jan. 10
Jan.17
Jan. 24
Jan. 31
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
2,984.2
693.3
479.5
213.8
2,290.9
358.7
1,459.2
125.8
1,333.4'
356.2
10.5
106.3
86.2'
111.7
213.3
3,128.7
685.5
467.5'
218.0'
2,443.2
387.5'
1,577.9'
125.6
1,452.3'
354.7
11.0
112.1
95.8'
112.2
249.9
3,141.2
686.3
469.5'
216.8'
2,454.9
396.8
1,578.4'
121.7
1,456.7'
355.0
10.9
113.8
94.7'
111.6
252.1
3,163.3
697.3
473.9'
223.3'
2,466.0
400.2'
1,585.5'
121.1
1,464.4'
353.7
11.2
115.4
93.8'
109.6
248.8
3,174.2
708.8
475.1
233.6
2,465.4
399.2
1,592.4
119.5
1,472.8
346.7
11.2
115.9
95.4
109.1
268.5
3,176.2'
704.9
470.8'
234.1'
2,471.3'
401.1'
1,593.1
121.2
1,471.9
346.2
11.9
119.0
109.3'
107.4
273.1
3,199.9
696.0
459.0
237.0
2,503.9
403.6
1,614.8
121.7
1,493.1
354.7
11.7
119.0
114.8
110.8
284.0
3,227.5
697.9
460.4
237.5
2,529.6
404.1
1,632.3
121.2
1,511.1
360.9
11.5
120.7
116.9
111.0
296.8
3,214.9
697.0
460.0
237.0
2,517.8
402.9
1,620.9
121.7
1,499.2
362.1
11.7
120.1
121.2
111.8
293.2
3,225.5
697.0
459.6
237.4
2,528.5
404.7
1,630.2
121.2
1,509.0
360.8
11.9
120.9
124.2
114.1
291.4
3,241.9
700.5
462.0
238.5
2,541.4
403.9
1,641.9
121.2
1,520.7
362.8
11.2
121.6
107.7
107.4
285.7
3,235.6
698.4
460.8
237.6
2,537.2
404.6
1,643.0
120.5
1,522.5
358.3
11.0
120.3
109.6
109.0
315.8
3,361.0'
3,551.3'
3,564.1'
3,579.8'
3,611.9
3,630.5
3,673.0
3,715.6
3,704.7
3,718.6
3,706.0
3,733.6
2,530.9'
342.4
2,188.5'
439.6
1,748.9'
524.3
170.6
353.7
18.6
69.8
2,639.8'
331.5
2,308.2'
484.5
1,823.8'
537.5
161.5
376.0
20.4
72.6
2,650.8'
337.0
2,313.9'
496.6
1,817.2'
528.8
149.7
379.1
19.3
75.9
2,654.1'
323.6
2,330.5'
500.5
1,830.0'
539.2
162.2
377.0
20.3
78.6
2,675.0
323.1
2,351.9
497.2
1,854.7
559.3
185.6
373.8
20.7
86.1
2,708.9'
328.8
2,380.1'
502.9
1,877.2'
558.4
181.7
376.7
21.1
86.7'
2,745.7
322.5
2,423.1
502.9
1,920.2
567.0
191.9
375.1
23.4
86.8
2,751.1
324.2
2,426.9
498.7
1,928.2
572.0
219.1
353.0
24.5
90.4
2,743.3
318.5
2,424.8
498.4
1,926.4
564.1
207.1
356.9
24.7
88.9
2,760.7
322.8
2,437.9
497.4
1,940.5
564.0
218.8
345.2
24.9
89.7
2,752.6
325.1
2,427.5
499.2
1,928.3
581.6
230.4
351.2
23.2
90.1
2,746.4
334.9
2,411.5
499.5
1,912.0
578.3
226.9
351.4
24.3
93.5
3,143.5'
3,270.2'
3,274.8'
3,292.2'
3,341.2
3,375.1'
3,422.9
3,438.0
3,421.0
3,439.3
3,447.6
3,442.5
217.4
281.0
289.2
287.6
270.7
255.4'
250.1
277.6
283.7
279.3
258.4
291.1
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 assets56
Other assets
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.
2,990.1
693.4
479.6
213.8
2,296.7
358.6
1,462.5
125.3
1,337.2
503.9
833.4'
361.4
198.1
163.3
10.2
104.0
85.1'
113.9
213.3
3,118.2
683.8
465.8
218.0'
2,434.4
387.3'
1,571.6'
125.8
1,445.8'
545.4
900.5
351.2
191.2
160.0
10.8
113.5
89.8'
111.8
249.9
3,139.4
684.7
467.9'
216.8'
2,454.6
394.6'
1,578.9'
122.0'
1,457.0
547.3
909.7
354.3
193.0
161.3
10.9
116.0
92.2'
110.0
252.1
3,168.9
696.0
472.7'
223.3'
2,472.9
397.9'
1,591.4'
121.8
1,469.6'
551.5
918.1'
354.8
192.5
162.3
11.0
117.6
91.7'
111.0
248.8
3,181.9
706.4
472.7
233.6
2,475.5
397.9
1,600.2
120.2
1,480.0
552.6
927.4
349.0
188.0
161.0
11.2
117.2
97.8
110.5
268.5
3,194.3'
704.2
470.1'
234.1'
2,490.1'
400.1'
1,608.2'
121.1
1,487.1'
554.0'
933.1
349.9
189.0'
160.8
12.3
119.6
115.8'
111.0
273.1
3,219.5
698.3
461.3
237.0
2,521.1
403.0
1,624.7
121.3
1,503.4
563.2
940.2
362.1
201.3
160.8
12.0
119.4
118.9
114.5
284.0
3,234.1
697.8
460.3
237.5
2,536.3
404.0
1,636.1
120.8
1,515.3
567.8
947.5
366.3
202.8
163.5
11.3
118.5
115.6
113.0
296.8
3,221.8
698.4
461.4
237.0
2,523.4
403.1
1,624.5
120.9
1,503.7
558.2
945.5
365.4
203.3
162.1
11.6
118.8
121.2
110.6
293.2
3,233.2
697.1
459.7
237.4
2,536.1
404.3
1,634.7
120.8
1,513.9
567.3
946.6
366.5
203.5
163.0
11.7
119.0
122.4
120.4
291.4
3,246.0
699.2
460.8
238.5
2,546.8
403.5
1,645.6
120.9
1,524.7
576.1
948.6
368.8
204.3
164.5
10.7
118.1
103.7
107.2
285.7
3,239.3
696.8
459.2
237.6
2,542.6
404.3
1,645.8
120.4
1,525.4
575.2
950.2
364.2
199.1
165.0
10.8
117.4
110.0
108.2
315.8
3,368.1'
3,534.5'
3,558.1'
3,584.9'
3,623.4
3,658.7
3,700.5
3,723.0
3,710.3
3,730.8
3,705.9
3,736.9
2,524.6'
344.3
2,180.3'
439.6
1,740.7'
524.3
170.6
353.7
18.6
69.8
2,631.0'
329.3
2,301.7'
484.5
1,817.2'
537.5
161.5
376.0
20.4
72.6
2,647.7'
334.3
2,313.4'
496.6
1,816.7'
528.8
149.7
379.1
19.3
75.9
2,653.3'
322.3
2,331.0'
500.5
1,830.5'
539.2
162.2
377.0
20.3
78.6
2,675.3
323.1
2,352.2
497.2
1,854.9
559.3
185.6
373.8
20.7
86.1
2,721.7'
331.7
2,390.0'
502.9
1,887.2'
558.4
181.7
376.7
21.1
86.7'
2,756.9
334.1
2,422.8
502.9
1,919.8
567.0
191.9
375.1
23.4
86.8
2,744.0
325.9
2,418.1
498.7
1,919.4
572.0
219.1
353.0
24.5
90.4
2,752.1
309.4
2,442.7
498.4
1,944.3
564.1
207.1
356.9
24.7
88.9
2,762.8
325.2
2,437.6
497.4
1,940.2
564.0
218.8
345.2
24.9
89.7
2,717.3
333.5
2,383.8
499.2
1,884.6
581.6
230.4
351.2
23.2
90.1
2,727.5
335.0
2,392.4
499.5
1,892.9
578.3
226.9
351.4
24.3
93.5
3,137.2'
3,261.5'
3,271.7'
3,291.4'
3,341.5
3,387.9'
3,434.1
3,430.9
3,429.8
3,441.4
3,412.2
3,423.6
273.0'
286.5'
282.0
270.8'
266.4
292.1
280.6
289.5
293.7
313.4
230.8
293.4
20
Federal Reserve Bulletin Statistical Supplement • February 2007
1.26
COMMERCIAL BANKS IN THE UNITED STATES
E. Foreign-related institutions
Assets and Liabilities' —Continued
Billions of dollars
Wednesd ay figures
Monthly averages
Account
Jan.
July
Aug.
Sept.
2007
2007
2006
2006
Oct.
Nov.'
Dec'
Jan.
Jan. 10
Jan.17
Jan. 24
Jan. 31
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
23 Residual (assets less liabilities)5
811.7'
347.5
76.4
271.2
464.1
169.8'
20.7
143.1
130.5'
42.0
51.8
36.2
884.3
365.8
80.7
285.1
518.5
193.3'
23.1
164.7
137.5'
46.7
53.3
46.0
914.8
376.1
84.5
291.5
538.8'
206.6'
23.2
168.6
140.4'
51.8
52.9
49.3
910.4
370.6
84.5
286.1
539.8
209.9'
23.5
165.8'
140.7'
57.1
48.3
43.1
915.4
367.5
81.2
286.4'
547.9'
214.7'
23.9
167.1
142.2'
62.0
47.5
39.5
915.4
372.3
82.8
289.4
543.1
215.3
23.5
166.9
137.3
65.7
51.6
35.2
930.5
374.1
84.5
289.6
556.4
216.1
24.3
173.8
142.2
64.2
50.9
35.8
938.6
376.6
82.1
294.4
562.1
216.7
24.7
176.7
143.9
67.5
50.5
34.6
935.0
372.8
81.9
290.9
562.2
216.0
24.5
179.3
142.3
63.7
48.7
33.5
933.4
377.3
80.7
296.6
556.1
217.0
24.7
170.0
144.4
69.5
50.5
36.1
935.7
379.3
81.5
297.7
556.5
217.5
24.5
168.9
145.6
74.8
49.2
37.2
952.0
380.3
84.0
296.4
571.6
217.2
24.8
185.7
143.8
64.4
52.6
30.4
941.1
1,029.7
1,068.3
1,058.4
1,063.9'
1,067.4
1,080.9
1,090.7
1,080.4
1,089.1
1,096.4
1,098.8
614.3
12.7
601.6
435.5
65.0
370.5
-209.0
99.0
680.6
11.9
668.7
423.5
48.9
374.6
-199.3
120.2
709.1
11.3
697.8
427.4
46.6
380.8
-201.6
127.1
741.4
10.8
730.6
446.7
54.4
392.3
-252.1
120.9
751.4
10.4
741.1
468.6
58.4
410.2
-268.3'
115.4
764.0
11.0
753.0
489.3
63.1
426.2
-297.5
113.1
761.3
10.7
750.6
503.9
62.0
441.9
-292.2
115.1
771.5
10.6
761.0
508.9
63.3
445.6
-305.2
116.9
762.8
10.4
752.5
503.1
52.7
450.4
-305.0
111.1
770.6
10.0
760.6
507.4
61.7
445.8
-306.7
117.2
774.7
10.6
764.2
494.7
61.6
433.1
-298.6
121.5
779.7
11.5
768.2
531.6
78.3
453.3
-318.5
116.7
939.9
1,024.9
1,062.0
1,057.0
1,067.3
1,069.0
1,088.2
1,092.1
1,072.1
1,088.6
1,092.3
1,109.5
1.2
4.8
6.2
1.4
-3.3
-1.6
-7.3
-1.4
8.4
.5
4.1
-10.7
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.
816.0
347.5
76.4
22.1
54.3
271.2
161.0
110.2
468.4
171.4'
20.7
147.3
129.0'
42.0
52.6
37.4
880.5
365.8
80.7
26.2
54.4
285.1
180.6
104.6
514.7
192.7'
23.1
161.5
137.5'
46.7
52.9
45.1
906.9
376.1
84.5
27.7
56.9
291.5
183.6
108.0
530.8
206.0'
23.2
162.3
139.2'
51.8
53.2
48.9
905.6
370.6
84.5
27.7
56.8
286.1
178.5
107.6
535.0
208.3'
23.5
162.7
140.4'
57.1
49.2
42.4
912.2
367.5
81.2
24.0
57.2
286.4'
177.9
108.4
544.7'
211.8'
23.9
169.8
139.2'
62.0
48.3
38.7
916.7
372.3
82.8
25.4
57.4
289.4
181.9
107.5
544.4
213.0
23.5
171.8
136.0
65.7
52.2
34.6
938.7
374.1
84.5
24.5
60.0
289.6
181.7
108.0
564.5
216.8
24.3
180.6
142.8
64.2
52.1
36.7
946.9
376.6
82.1
21.7
60.4
294.4
183.0
111.5
570.4
218.8
24.7
181.2
145.7
67.5
51.3
35.8
938.6
372.8
81.9
22.6
59.3
290.9
179.8
111.1
565.8
217.8
24.5
178.6
144.8
63.7
50.0
34.5
943.1
377.3
80.7
20.5
60.2
296.6
185.6
111.0
565.9
219.1
24.7
175.6
146.5
69.5
52.4
37.0
947.2
379.3
81.5
20.4
61.2
297.7
184.9
112.8
567.9
219.7
24.5
176.8
146.9
74.8
50.0
38.8
964.0
380.3
84.0
23.0
61.0
296.4
183.6
112.8
583.7
219.6
24.8
194.6
144.7
64.4
52.3
31.7
947.4
1,024.7
1,060.2
1,053.8
1,060.7'
1,068.7
1,091.1
1,101.0
1,086.2
1,101.6
1,110.2
1,111.8
616.5
13.0
603.6
435.5
65.0
370.5
-207.5
100.0
682.0
11.6
670.4
423.5
48.9
374.6
-202.0
118.3
706.0
11.1
694.9
427.4
46.6
380.8
-202.6
126.4
733.0
10.8
722.2
446.7
54.4
392.3
-250.6
121.9
736.2
10.2
726.0
468.6
58.4
410.2
-264.6'
117.5
751.5
10.9
740.6
489.3
63.1
426.2
-291.7
116.6
755.3
11.1
744.1
503.9
62.0
441.9
-288.3
117.3
774.3
10.8
763.5
508.9
63.3
445.6
-303.1
118.0
770.3
10.5
759.8
503.1
52.7
450.4
-302.6
112.5
774.0
10.4
763.6
507.4
61.7
445.8
-302.5
119.7
781.7
10.5
771.1
494.7
61.6
433.1
-293.4
124.3
780.3
11.6
768.7
531.6
78.3
453.3
-319.3
116.2
944.6
1,021.8
1,057.3
1,051.0
1,057.8
1,065.8
1,088.2
1,098.1
1,083.2
1,098.6
1,107.3
1,108.9
2.9
2.9
2.9
2.9
2.9
2.9
2.9
2.9
2.9
2.9
2.9
2.9
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
2006
Jan.
2006
July
Aug.
Sept.
2007
2007
Oct.
Nov.
Dec.
Jan.
Jan. 10
Jan.17
Jan. 24
Jan. 31
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
94.0
110.8
108.5
104.7
103.7
106.5
116.2
109.5
111.1
112.9
110.3
103.0
82.0
563.7
427.9
135.7
96.1
633.2
490.9
142.3
92.3
641.9
500.6
141.3
91.0
620.4
481.7
138.8
91.5
621.3
473.6
147.8
90.2
623.6
483.8
139.8
96.2
625.6
491.6
134.0
90.5
628.8
494.8
134.0
90.1
626.2
492.1
134.0
93.4
624.5
491.0
133.5
92.3
625.8
492.1
133.7
86.9
638.0
503.6
134.5
-8.9
99.7
70.1
29.6
3.0
-19.8
101.8
69.3
32.5
2.6
-10.3
100.6
68.6
32.0
2.4
-3.1
102.5
68.7
33.8
2.3
-6.4
101.8
67.1
34.7
2.2
-4.9
100.9
66.6
34.3
2.2
-2.6
104.2
67.2
37.0
2.2
-5.7
104.1
67.3
36.9
2.2
-5.0
104.9
67.6
37.2
2.2
-5.9
103.2
66.4
36.8
2.2
-5.6
103.0
66.4
36.6
2.2
-6.6
105.1
68.5
36.5
2.2
328.3
269.0
265.0
4.0
320.5
273.6
269.7
3.9
320.8
275.9
272.3
3.5
326.9'
278.8
275.3
3.5
330.6'
282.9
279.4
3.5
328.8
285.4
281.7
3.7
321.7'
286.6
283.0
3.7
323.2
285.6
282.1
3.5
323.8
287.6
283.9
3.6
322.7
285.6
281.9
3.7
323.9
283.7
280.0
3.7
323.0
284.7
281.7
3.1
61.9
71.0
72.4
68.6
67.1
66.7'
67.0'
64.3
62.1
66.0
66.2
64.0
66.2
76.7
78.9
76.1
75.7
73.6'
73.6
72.5
69.8
74.5
74.7
72.1
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
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. 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 2007
COMMERCIAL PAPER OUTSTANDING
Millions of dollars, seasonally adjusted, end of period
Year ending December
2006
Item
1 All issuers
2 Financial companies'
3 Nonfinancial companies2
2001
2002
2003
2004
2005
May
June
July
Aug.
Sept.
Oct.
1,442,842
1,341,226
1,260,745
1,375,717
1,631,009
1,765,365
1,775,915
1,796,699
1,840,587
1,887,218
1,885,773
563,428
216,448
522,863
147,689
519,731
103,982
595,249
119,727
667,321
132,207
718,125
137,141
704,548
146,789
715,193
142,738
735,897
143,567
750,459
142,143
751,896
126,121
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
2006—Jan.
Mar.
May
June
31
28
10
29
7.50
7.75
8.00
8.25
Period
2003
2004
2005
2006
2001
Average
rate
4.12
4.34
6.19
7.96
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
4.00
4.00
4.00
4.00
4.00
4.01
4.25
4.43
4.58
4.75
4.93
5.15
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
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
Period
2006—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Average
rate
7.26
7.50
7.53
7.75
7.93
8.02
8.25
8.25
8.25
8.25
8.25
8.25
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
2006
Item
2003
2004
2006, week ending
2005
Aug.
Sept.
Oct.
Nov.
Oct. 27
Nov. 3
Nov. 10
Nov. 17
Nov. 24
MONEY MARKET INSTRUMENTS
1 Federal funds1-13
2 Discount window primary credit2-4
1.13
n.a.
1.35
2.34
3.22
4.19
5.25
6.25
5.25
6.25
5.25
6.25
5.25
6.25
5.24
6.25
5.25
6.25
5.24
6.25
5.25
6.25
5.24
6.25
paper3'5'6
Commercial
3
4
5
Nonfinancial
1-month
2-month
3-month
1.11
1.11
1.11
1.38
1.40
1.41
3.22
3.23
3.42
5.22
5.21
5.21
5.21
5.19
5.21
5.20
5.18
5.19
5.21
5.19
5.17
5.21
5.23
n.a.
5.20
n.a.
n.a.
5.21
5.18
5.16
5.20
n.a.
n.a.
5.21
5.16
5.14
6
7
8
Financial
1-month
2-month
3-month
1.12
1.13
1.13
1.41
1.46
1.52
3.27
3.36
3.44
5.26
5.27
5.29
5.24
5.25
5.25
5.23
5.23
5.24
5.23
5.24
5.24
5.23
5.23
5.24
5.23
5.23
5.23
5.23
5.24
5.24
5.24
5.25
5.25
5.23
5.24
5.25
Certificates of deposit, secondary market3-1
1-month
3-month
6-month
1.15
1.15
1.17
1.45
1.57
1.74
3.34
3.51
3.73
5.31
5.38
5.44
5.29
5.34
5.37
5.28
5.33
5.35
5.29
5.32
5.33
5.28
5.33
5.36
5.28
5.33
5.33
5.29
5.32
5.35
5.28
5.32
5.33
5.29
5.32
5.33
12 Eurodollar deposits, 3-month3>s
1.14
1.55
3.51
5.41
5.38
5.36
5.36
5.37
5.37
5.36
5.37
5.36
US Treasury bills
Secondary market3-5
13
4-week
14
3-month
15
6-month
1.00
1.01
1.05
1.24
1.37
1.58
2.94
3.15
3.39
5.08
4.96
4.97
4.68
4.81
4.89
4.88
4.92
4.92
5.13
4.94
4.95
5.04
4.99
4.98
5.09
4.95
4.94
5.11
4.96
4.96
5.13
4.96
4.96
5.15
4.93
4.95
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
3.62
3.85
3.93
4.05
4.15
4.29
4.64
5.08
4.90
4.85
4.82
4.83
4.88
5.08
4.97
4.77
4.69
4.67
4.68
4.72
4.93
5.01
4.80
4.72
4.69
4.69
4.73
4.94
5.01
4.74
4.64
4.58
4.58
4.60
4.78
5.07
4.85
4.78
4.74
4.74
4.77
4.97
5.00
4.73
4.64
4.60
4.60
4.64
4.83
5.03
4.76
4.67
4.62
4.62
4.64
4.83
5.03
4.78
4.68
4.61
4.61
4.61
4.80
5.01
4.75
4.64
4.58
4.57
4.58
4.76
4.52
5.20
4.75
4.50
5.09
4.68
4.28
4.86
4.40
4.10
4.72
4.39
3.87
4.47
4.27
3.91
4.48
4.30
3.81
4.34
4.14
3.91
4.47
4.30
3.82
4.37
4.18
3.85
4.38
4.19
3.84
4.37
4.17
3.79
4.32
4.14
6.24
6.00
5.57
6.09
5.92
5.91
5.72
5.93
5.78
5.77
5.72
5.69
5.66
6.14
6.38
6.76
5.63
5.91
6.08
6.39
5.23
5.37
5.59
6.06
5.68
5.91
6.19
6.59
5.51
5.75
5.98
6.43
5.51
5.74
5.94
6.42
5.33
5.57
5.76
6.20
5.55
5.77
5.97
6.42
5.41
5.62
5.82
6.27
5.39
5.62
5.81
6.25
5.34
5.57
5.76
6.21
5.30
5.54
5.74
6.18
1.72
1.64
1.73
1.86
1.86
1.80
1.79
1.77
1.82
1.78
1.77
1.77
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 2007
1.36
STOCK MARKET
Selected Statistics
2006
Indicator
2004
2005
2006
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)
6,614.10
741.19
521.11
271.45
657.07
7,351.19
n.a.
n.a.
n.a.
n.a.
8,357.63
n.a.
n.a.
n.a.
n.a.
8,351.28
n.a.
n.a.
n.a.
n.a.
8,353.45
n.a.
n.a.
n.a.
n.a.
7,985.59
n.a.
n.a.
n.a.
n.a.
8,103.97
n.a.
n.a.
n.a.
n.a.
8,294.89
n.a.
n.a.
n.a.
n.a.
8,383.29
n.a.
n.a.
n.a.
n.a.
8,651.02
n.a.
n.a.
n.a.
n.a.
8,856.30
n.a.
n.a.
n.a.
n.a.
9,089.55
n.a.
n.a.
n.a.
n.a.
6 Standard & Poor's Corporation
(1941^3 - 10)'
1,130.65
1,207.23
1,310.46
1,302.18
1,290.00
1,253.12
1,260.24
1,287.15
1,317.81
1,363.34
1,388.63
1,416.42
7 American Stock Exchange
(Aug. 31, 1973 = 50)2
1,260.02
1,567.52
1,936.79
1,976.03
1,968.30
1,881.59
1,924.93
1,996.50
1,950.11
1,920.93
2,003.86
2,065.81
3
4
5
Transportation
Utility
Finance
Volume of trading (thousands of shares)
1 403 376 1 542 724 2 254 869 2 285 601 2 510 157 2 501 759 2 351 792 2 201 576 2 446 458 2 544 752 2 613 632 2 366 386
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
203,790
221,660
275,380
241,540
230,540
225,780
231,490
226,480
237,120
244,370
270,520
275,380
117,850
93,580
119,710
88,730
159,040
94,450
119,020
83,000
126,210
81,090
137,550
84,400
141,000
79,420
139,290
79,460
142,580
80,470
143,400
80,200
155,200
90,980
159,040
94,450
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
2004
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
7,403.2
7,620.4
7,801.0
7,860.2
7,956.3
8,194.3
8,394.7
8,443.7
8,530.4
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
8,170.4
4,714.6
3,455.8
8,371.2
4,872.8
3,498.4
8,420.0
4,797.5
3,622.6
8,507.0
4,843.2
3,663.8
24.2
23.7
.4
24.3
23.9
.4
24.1
24.1
.0
23.7
23.7
.0
23.6
23.6
.0
23.8
23.8
.0
23.6
23.6
23.6
23.6
23.4
23.4
8,107.0
8,281.5
8,330.6
8,420.3
7,333.2
.2
7,535.5
.2
7,715.4
.1
7,778.0
.1
7,870.9
.1
8,106.9
.2
8,281.4
8,330.6
7,384.0
8,184.0
8,184.0
8,184.0
8,184.0
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
16
17
18
19
20
21
22
23
24
25
26
27
28
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^
U.S. Treasury and other federal agencies and trust funds
Federal Reserve Banks8
Private investors
Depository institutions
Mutual funds
Insurance companies
State and local treasuries7
Individuals
Savings bonds
Pension funds
Private
State and Local
Foreign and international5
Other miscellaneous investors7'9
Q4
Ql
Q2
Q3
8,400.2
4,354.9
916.7
2,427.4
8,455.1
4,354.0
911.5
6,405.7
6,998.0
7,596.1
8,170.4
6,391.4
6,982.0
3,205.1
3,575.1
7,578.5
3,959.7
8,117.0
4,184.0
8,117.0
4,184.0
8,351.7
4,340.4
888.8
1,580.8
588.7
146.9
3,186.3
1,003.2
2,157.1
539.5
245.9
3,618.8
160.7
5.9
5.9
.0
191.7
3,230.6
17.6
963.9
2,326.8
516.6
328.7
3,986.5
235.6
3.8
3.8
.0
191.2
3,506.6
53.4
963.9
2,326.8
516.6
328.7
3,986.5
235.6
3.8
3.8
.0
191.2
3,506.6
53.4
1,042.1
14.3
928.8
1,905.7
564.3
176.2
3,406.9
149.2
9.7
9.7
.0
192.2
3,007.0
16.0
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
3,466.9
744.2
3,970.6
117.2
252.2
172.2
454.6
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
205.1
306.3
179.9
126.4
2,041.1
455.8
153.4
11.2
11.2
.0
184.8
2,806.9
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.
2,409.7
526.7
347.9
4,030.8
234.8
3.4
3.4
.0
192.0
523.1
2,415.5
534.7
19.5
372.8
4,166.0
242.0
3.0
3.0
.0
191.0
3,680.2
120.8
395.6
4,203.9
238.8
3.0
3.0
.0
189.2
3,722.8
102.9
3,466.9
744.2
3,970.6
117.2
252.2
172.2
454.6
3,502.0
758.5
4,114.0
115.4
249.7
162.9
456.5
3,626.6
766.4
4,030.8
116.8
244.9
164.4
466.2
3,668.0
768.9
4,074.2
113.9
237.7
165.2
468.0
205.1
306.3
179.9
126.4
2,041.1
455.8
205.9
311.9
183.0
128.9
2,082.6
525.2
205.2
320.5
188.4
132.1
2,091.7
423.7
203.6
321.1
191.2
129.9
2,140.0
n.a.
3,551.2
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 2007
1.42
U.S. GOVERNMENT SECURITIES DEALERS
Transactions1
Millions of dollars, daily averages
2006
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.
46,482'
Sept.
2006, week end
Oct.
Oct. 4
Oct. 11
Oct. 18
Oct. 25
Nov. 1
Nov. 8
Nov. 15
Nov. 22
Nov. 29
46,730
41,879
47,891
39,618
39,342
36,105
50,019
45,165
55,065
50,394
67,528
190,335
197,902'
190,332
222,011
214,086
167,637
169,804
196,850
189,920
196,575
158,542
199,755
108,684
137,394'
123,697
153,873
140,850
99,967
91,281
154,094
113,625
102,686
91,804
93,195
118,568
27,122'
7,886
129,230'
25,945'
8,314
110,855
22,993
9,015
117,769
26,649
7,727
131,258
24,218
6,644
108,719
18,128
9,731
89,847
22,255
12,001
114,198
26,030
7,727
114,507
27,124
5,323
154,911
25,498
4,054
107,347
23,818
8,407
115,058
25,233
5,539
51,122
58,437
55,409
67,647
55,895
53,369
52,727
51,647
55,150
51,190
56,861
57,000
8,149
10,182
7,875
8,480
7,539
7,637
6,111
10,260
7,708
9,109
7,455
5,406
3,786
3,382
4,737
3,675
2,519
7,268
3,285
6,401
2,869
2,230
3,196
3,849
4,115
530
2,985
348
3,208
443
2,181
354
2,206
330
5,693
329
2,128
502
3,225
694
4,003
486
5,026
543
2,717
468
1,849
302
244,992
302,148
278,490
267,536
530,207
223,291
166,785
243,620
430,970
249,983
180,199
197,276
215,883'
19,047
200,724
24,241'
198,955
23,386
201,172
20,324
198,085
21,505
194,834
23,591
202,163
23,943
199,306
26,609
194,117
23,976
190,811
26,246
193,520
25,602
166,156
24,485
211,331
240,183
214,674
251,964
251,043
188,979
176,820
229,775
211,545
222,725
190,706
213,923
5,415
57,389
440
6,662
78,773
455
6,028
67,369
572
7,636
60,999
515
4,451
119,078
527
6,848
63,470
552
5,265
31,702
612
6,329
69,894
635
6,118
96,797
624
5,101
68,332
521
4,408
38,705
404
4,824
42,504
416
287,746'
305,331'
284,098
323,956
305,631
254,545
244,473
319,142
284,118
316,065
249,606
292,385
62,287
187,603
234,490'
68,674
223,375
224,509'
65,645
211,121
221,769
74,701
206,537
220,981
64,039
411,128
219,062
67,448
159,821
217,873
59,489
135,083
225,493
65,898
173,726
225,280
64,098
334,173
217,469
62,998
181,651
216,537
66,288
141,494
218,717
63,582
154,772
190,225
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
2006, week ending
2006
Item, by type of security
Aug.
Sept.
Oct.
Oct. 4
Oct. 11
Oct. 18
Oct. 25
Nov. 1
Nov. 8
Nov. 15
Nov. 22
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
-5,529'
-3,879'
-6,537'
-11,990
-3,258
-9,314
-6,648
-3,082
3,481
-3,589
-409
-38,553'
-43,956'
-42,455
-45,246
-41,587
-38,524
-46,648
-41,299
-40,255
-42,958
-51,243
-35,837'
-40,352
-35,394
-39,726
-33,151
-36,235
-34,598
-35,068
-42,872
-38,258
-36,078
-34,156'
-12,943
-2,216
-26,468
-16,100
-175
-29,618
-16,023
839
-24,888
-14,793
-160
-27,080
-14,523
-2,709
-29,900
-16,886
1,231
-31,860
-17,506
2,274
-32,787
-15,856
3,514
-30,481
-16,627
3,134
-32,741
-17,564
3,107
-31,456
-16,139
3,481
43,309
44,102
46,978
44,571
41,076
47,859
49,108
51,953
46,776
44,498
48,978
34,472
31,277
28,776
30,306
30,724
28,944
27,841
26,378
27,897
29,265
31,980
12,493
13,458
14,323
14,413
13,779
13,816
14,668
15,089
14,526
16,921
14,573
3,774
8,349
5,781
8,778
6,981
9,311
6,662
9,527
6,434
9,347
7,706
9,149
7,392
8,929
6,504
9,761
8,023
9,717
9,684
9,665
8,785
9,295
32,887
39,757
43,204
44,219
41,936
40,458
44,352
45,871
47,083
49,232
56,009
41,460'
148,230
42,782'
155,304
44,549'
156,427
40,049
163,434
43,732
155,055
45,078
152,843
45,829
151,948
46,115
162,763
42,401
163,360
45,862
170,706
48,777
162,767
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
1 304 509
993,600
1 297 903
1,029,197
1 282 638
1,014,288
1 293 624
947,190
1 285 688
985,592
1 284 831
1,017,286
1 246 074
1,060,002
1,311,857
1,035,667
1,289,307
1,125,507
1,313,491
984,305
1,206,357
1,142,913
208,706
208,412
191,192
220,135
190,400
223,831
192,985
213,671
195,142
215,435
195,824
222,140
184,353
231,037
183,869
233,967
192,529
234,376
189,477
229,568
181,291
245,658
141,996
371,674
136,852
374,251
131,304
389,408
133,119
398,369
146,334
393,209
133,101
386,952
124,243
386,522
118,698
385,234
118,346
401,232
118,411
390,095
117,445
407,373
109,456
95,782
107,445
93,351
110,511
94,279
109,961
93,200
110,320
94,410
110,431
93,504
110,220
93,413
111,532
96,758
113,206
94,647
112,323
95,941
110,745
99,361
846,966
1 300 898
833,743
1 333 816
799,840
1 342 730
816,994
1 274 745
817,833
1 313 973
800,090
1 343 205
755,369
1 393 148
819,004
1 362 226
805,049
1 454 917
831,627
1 300 203
736,255
1 482 816
1,273,276'
809,818
1,278,848'
818,902
1 262 015' 1 284 722
730,222
816,518
1 276 406
789,910
1 253 218
824,784
1 224 154
864,474
1 284 776
839,501
1 280 076
928,115
1 305 958
773,068
1213 585
919,949
341,831
143,564
328,304
153,789
331,581
164,197
324,262
156,633
324,276
159,265
337,774
163,245
333,214
171,087
335,853
168,066
345,527
167,389
340,443
159,664
317,013
191,874
568,483
215,161
582,080
224,548
600,543
245,721
586,907
249,817
594,435
243,475
611,545
248,089
603,346
243,339
600,656
245,629
592,749
255,952
615,423
241,574
587,486
274,680
281,570'
49,203
283,478'
50,943
288,918'
56,426
289,829
54,105
288,136
55,258
284,642
53,845
282,814
60,612
301,078
57,462
281,926
62,901
290,227
62,385
280,616
61,400
2,183,573
1,134,743
2,195,960
1,162,396
2,193,779
1,199,443
2,193,739
1,103,887
2,199,861
1,163,697
2,194,911
1,207,091
2,158,952
1,256,802
2,226,021
1,229,008
2,197,387
1,331,045
2,248,499
1,160,711
2,106,987
1,366,624
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 2007
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 Bank2-3
5
Federal Housing Administration4
6
Government National Mortgage Association certificates of
participation5
7
Postal Service1"
8
Tennessee Valley Authority
9
United States Railway Association1"
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
2,351,039
n.a.
25.412
6
n.a.
290
n.a.
>,351,037
674,841
648,894
851,000
85,088
47,900
8,170
1,261
29,996
n.a.
n.a.
25.406
n.a.
2,645,667
745,226
744,800
961,732
92,151
58,500
8,170
1,261
29,996
n.a.
24,267
6
24,261
854,815
733,400
949,510
97,266
78,121
8,170
1,261
29,996
23,843
6
n.a.
161
July
Aug.
Sept.
n.a.
23,583
6
23,647
6
n.a.
90
23,515
6
3,323
6
n.a.
90
23,398
6
n.a.
112
n.a.
n.a.
3,317
n.a.
n.a.
n.a.
23,392
n.a.
8,170
1,261
29,996
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.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
29,679
29,573
29,764
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.
18,515
n.a.
9,810
18,974
n.a.
10,599
18,086
n.a.
29,7 64r
n.a.
n.a.
23,837
n.a.
n.a.
921,793
773,600
754,535
113,021
91,929
8,170
1,261
29,996
n.a.
n.a.
23,641
n.a.
919,361
8,313,000
23,509
MEMO
19 Federal Financing Bank debt"
20
21
22
23
24
Lending to federal and federally sponsored agencies
Export-Import Bank3
Postal Service1"
Student Loan Marketing Association
Tennessee Valley Authority
United States Railway Association1"
Other lending*4
25 Farmers Home Administration . . . .
26 Rural Electrification Administration
27 Other
37,017
28,325
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
14,489
22,528
n.a.
16,127
14,684
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.
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
Sept.
1 All issues, new and refunding1
384,311
357,875
409,649'
29,604
34,601
44,710'
27,453
31,772
28,036'
31,713
43,131
By type of issue
2 General obligation
3 Revenue
144,056
238,204
130,471
227,404
145,845'
263,804
7,114
22,490
9,630
24,971
12,195
32,515'
6,841
20,612
10,890
20,882
9,319'
18,718'
10,890
20,822
10,893
32,238
By type of issuer
4 State
5 Special district or statutory authority2
6 Municipality, county, or township . . .
49,795
253,536
78,962
47,365
234,237
76,273
31,568
298,634'
79,447
1,311
22,483
5,810
2,151
26,221
6,230
3,224
35,811'
5,675
2,252
19,742
5,460
2,113
22,223
7,436
2,681
20,040
5,315'
3,815
22,472
5,425
2,849
31,921
8,360
7 Issues for new capital
264,697
228,357
223,833
19,454
24,061
34,182'
22,496
19,701
20,986'
19,363
23,693
70,394
23,809
10,251
n.a.
22,339
97,736
65,426
20,546
9,242
n.a.
19.050
80,438
70,963
25,427
9,899
n.a.
18.646
60,646
5,434
2,306
641'
n.a.
2.047'
4,507
7,307
1,762
277
n.a.
2.159
6,513
8,216'
3,466
874
n.a.
4.148
11,607'
4,451
7,084'
1,506
288
n.a.
2.316
6,124'
5,988
1,857
1,035'
n.a.
2.635
5,802
4,397
4,610
629
n.a.
2.257
3,972
5,808
2,783
843
n.a.
3.118
5,295
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
4,012
8,245
US. Corporations
Millions of dollars
2006
Type of issue, offering,
or issuer
1
1 All issues
By type of offering
3 Sold in the United States
2003
2004
2005
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
1,815,569
2,070,680
2,438,989
260,482
180,232
251,880
279,027
132,531
207,338
263,451
202,721
1,692,260
1,923,094
2,323,735
247,142
172,401
239,524
269,135
125,606
202,072
252,866
192,906
1,579,311
112 949
1,737,342
185 752
2,141,496
182 238
221.356
25 787
155.724
16 676
213,104
26 420
241,092
28 043
119,315
6 291
178.107
23 964
231.267
21 600
173.165
19 740
20,701
21,942
22,221
1.727'
1.763
2,010'
1,627'
3,162
1.642
2.102
1.057
362,340
1,329,920
259,968
1,663,127
216,072
2,107,662
29,320
217,822
27,064
145,336
33,141
206,383
28,556
240,579
11,624
113,982
20,328
181,743
24,112
228,754
22,166
170,740
182,132
147,585
115,255
13,339
7,831
12,356
9,892
6,925
5,267
10,585
9,816
123,309
58,823
147,585
n.a.
115,255
n.a.
13,339
n.a.
7,831
n.a.
12,356
n.a.
9,892
n.a.
6,925
n.a.
5,267
n.a.
10,585
n.a.
9,816
n.a.
44,416
78,893
64.345
83,240
54.713
60,541
6.839
6,500
3.301
4,530
6.008
6,348
5.341
4,551
1.990
4,934
2.029
3,238
3.710
6,875
3.976
5,839
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 2007
1.47
OPEN-END INVESTMENT COMPANIES
Net Sales and Assets1
Millions of dollars
2006
Item
2005'
2006
May
June
July
Aug.
Sept.
Oct.
Nov.r
Dec.
1 Sales of own shares2
1,755,210
2,021,938
189,316
152,341
134,662
150,952
142,528
175,165
160,846
183,498
2 Redemptions of own shares
1,563,022
192,188
1,793,392
228,546
188,859
457
161,790
-9,449
130,809
3,853
139,022
11,930
130,701
11,827
150,428
24,737
141,223
19,623
162,331
21,167
6,864,286
8,058,356
7,236,296
7,228,283
7,235,158
7,395,128
7,517,825
7,768,801
7,971,400
8,058,356
302,923
6,561,363
339,329
7,719,027
354,156
6,882,140
348,534
6,879,749
340,109
6,895,049
356,042
7,039,086
353,939
7,163,886
352,610
7,416,191
353,702
7,617,698
339,329
7,719,027
4 Assets
4
5 Cash5
6 Other
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
2005
2006
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
1 284 0
472.1
441.7
370.2
1 494 0
566.5
451.5
476.0
1 622 4
601.8
479.2
541.4
1 499 0
569.3
447.9
481.8
1 521 9
575.2
455.6
491.1
1 547 5
590.7
451.0
505.8
1 622 4
601.8
479.2
541.4
1 634 7
591.3
482.8
560.6
1 673 2
604.5
496.4
572.3
1 711 1
629.9
489.6
591.7
55.2
25 0
53.0
26 3
44.7
24 5
52.2
24 6
51.6
24 2
45.4
26 6
44.7
24 5
44.3
23 4
45.3
23 5
48.4
24 7
1 203 7
694.1
1 414 7
673.8
1 553 2
535.7
1 422 2
653.2
1 446 1
664.6
1 475 5
537.4
1 553 2
535.7
1 566 9
526.9
1 604 5
498.4
1 638 0
481.9
1,897.8
2,088.5
2,088.8
2,075.4
2,110.7
2,012.9
2,088.8
2,093.8
2,102.9
2,119.9
106.9
145.1
136.9
175.3
142.1
160.0
133.3
161.2
129.9
148.8
138.8
146.0
142.1
160.0
137.4
151.0
137.5
152.7
132.4
164.0
202.8
743.2
475.6
224.1
257.7
817.4
471.8
229.4
312.2
806.5
423.6
244.4
254.4
849.5
443.4
233.7
260.0
865.1
457.2
249.7
271.0
753.8
497.2
206.2
312.2
806.5
423.6
244.4
318.1
812.6
426.6
248.1
326.6
833.8
414.9
237.5
335.8
825.3
420.0
242.4
1,897.8
2,088.5
2,088.8
2,075.4
2,110.7
2,012.9
2,088.8
2,093.8
2,102.9
2,119.9
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.
815.2
601.9
584.4
813.5
609.3
582.4
807.5
611.2
578.1
Seasonally adjusted
2
3
4
Consumer .
Real estate
Business . .
1,613.7
1,783.9
1,898.1
679.0
400.2
534.5
736.4
500.5
547.0
773.0
564.1
561.0
1,996.7
1,991.1
792.7
602.4
574.1
800.0
598.6
578.6
810.8
598.1
582.2
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'
1,624.1
1,795.4
1,910.9
686.1
250.1
79.0
45.3
97.7
743.9
298.3
74.1
50.4
143.7
781.4
278.0
85.3
66.3
172.3
785.6
258.5
95.0
67.5
171.2
793.1
262.8
97.8
69.5
172.9
804.1
265.1
99.4
70.6
177.1
812.5
270.4
101.3
71.6
181.3
818.2
270.6
102.1
72.2
183.6
818.9
266.1
103.2
72.7
184.0
123.7
5.5
33.8
51.0
400.6
320.2
50.0
98.2
4.8
23.1
51.3
501.3
422.0
54.0
112.6
4.2
14.9
47.8
565.0
489.8
51.6
119.9
3.9
15.3
54.3
598.4
521.7
54.4
116.2
3.9
15.1
55.1
594.0
517.4
54.6
117.6
3.8
15.2
55.3
602.0
525.1
55.2
113.2
3.8
15.4
55.6
609.5
532.7
55.2
114.2
3.7
16.0
55.8
612.7
536.3
55.3
117.4
3.7
16.0
55.7
618.8
542.3
55.6
26.7
3.8
537.4
69.6
15.7
39.3
14.6
284.3
88.0
196.3
87.8
21.8
3.5
550.2
84.8
15.1
44.9
24.8
273.4
87.8
185.6
93.3
18.9
4.8
564.5
105.5
15.2
61.2
29.0
281.9
93.6
188.3
91.8
17.8
4.5
580.2
110.1
16.2
64.5
29.3
291.6
101.5
190.1
92.9
17.5
4.3
585.1
112.8
16.7
65.8
30.3
291.7
101.3
190.4
92.9
17.5
4.2
574.6
103.4
16.8
56.4
30.2
292.9
102.1
190.8
93.5
17.3
4.3
574.4
102.7
16.9
55.1
30.7
293.1
101.5
191.6
94.4
17.2
3.9
574.9
102.3
17.0
54.6
30.7
294.1
101.6
192.5
94.1
17.1
3.9
574.1
102.0
17.0
54.2
30.8
293.6
101.1
192.5
93.8
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
28.8
2.7
26.0
.1
24.4
11.6
12.8
32.2
35.7
2.6
36.7
2.6
34.0
.1
16.8
10.9
5.9
34.3
33.8
2.5
31.2
.1
16.3
10.4
5.9
34.7
33.7
2.6
31.0
.1
16.2
10.3
5.9
34.3
33.6
2.5
31.0
.1
15.7
10.1
5.6
35.2
34.3
2.5
31.7
.1
15.2
9.6
5.6
35.1
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
1,980.7
15.2
9.2
6.0
34.6
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 2007
1.53
MORTGAGE MARKETS
Mortgages on New Homes
Millions of dollars except as noted
2006
Item
2004
2005
2006
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
292.0
215.0
76.0
28.8
.51
326.8
238.5
75.3
29.2
.54
345.7
253.4
75.4
29.5
.66
355.5
258.5
75.0
29.4
.70
346.0
253.2
75.5
29.2
.67
343.1
248.9
74.8
29.5
.69
347.6
255.8
75.3
29.7
.76
349.7
257.7
75.7
29.7
.81
354.8
260.6
75.7
29.7
.75
348.6
255.8
74.9
29.3
.73
5.68
5.75
n.a.
5.86
5.93
n.a.
6.50
6.60
n.a.
6.69
6.79
n.a.
6.71
6.81
n.a.
6.77
6.87
n.a.
6.61
6.72
n.a.
6.57
6.69
n.a.
6.44
6.55
n.a.
6.26
6.37
n.a.
n.a.
5.19
n.a.
5.13
n.a.
5.70
n.a.
6.08
n.a.
6.10
n.a.
5.81
n.a.
5.63
n.a.
5.69
n.a.
5.52
n.a.
5.49
SECONDARY MARKETS
Yield (percent per year)
10 GNMA securities6
Activity in secondary markets
FEDERAL NATIONAL MORTGAGE ASSOCIATION
Mortgage holdings (end of period)
11 Total
904,555
n.a.
n.a.
727,545
n.a.
n.a.
724,398
n.a.
n.a.
730,906
n.a.
n.a.
731,439
n.a.
n.a.
726,801
n.a.
n.a.
725,530
n.a.
n.a.
720,947
n.a.
n.a.
717,430
n.a.
n.a.
724,398
n.a.
n.a.
14 Mortgage transactions purchased (during period)
262,646
146,641
196,017
18,697
15,133
15,927
20,180
13,045
13,902
19,606
Mortgage commitments (during period)
15 Issued7
16 To sells
149,429
8 828
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
652,936
n.a.
n.a.
710,017
n.a.
n.a.
703,629
n.a.
n.a.
722,209
n.a.
n.a.
711,018
n.a.
n.a.
706,979
n.a.
n.a.
702,448
n.a.
n.a.
704,446
n.a.
n.a.
704,334
n.a.
n.a.
703,629
n.a.
n.a.
n.a.
365,148
n.a.
397,867
n.a.
360,023
n.a.
28,907
n.a.
30,857
n.a.
31,893
n.a.
30,584
n.a.
30,904
n.a.
28,395
n.a.
32,748
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-family1"
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
Q3>
12,450,800
12,765,340
13,033,520
8,367,310
9,374,889
10,680,490
11,754,100
6,374,381
484,871
1,382,557
125,501
7,175,128
555,633
1,510,541
133,586
8,246,773
608,813
1,683,190
141,718
9,090,704
658,436
1,856,606
148,350
9,383,270
679,745
1,937,811
147,914
9,612,287
693,794
1,994,267
150,450
9,845,640
703,864
2,061,125
154,715
10,029,310
714,634
2,130,440
159,139
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
3,925,678
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
4,317,224
2,895,448
1,750,876
135,547
961,886
47,139
1,140,910
946,883
96,732
96,690
605
280,866
5,122
41,585
220,005
14,154
4,394,767
2,956,572
1,774,348
140,121
994,513
47,590
1,152,732
954,974
98,168
98,974
616
285,463
4,585
42,440
224,258
14,180
4,505,599
3,024,873
1,803,974
145,471
1,026,978
48,450
1,192,401
990,190
100,112
101,423
676
288,325
4,632
42,822
226,545
14,326
4,648,130
3,131,845
1,870,924
147,213
1,063,861
49,847
1,221,013
1,013,538
102,197
104,582
696
295,271
4,747
43,852
231,991
14,681
4,720,178
3,172,913
1,874,954
149,461
1,097,383
51,115
1,249,136
1,035,662
103,432
109,276
767
298,129
4,794
44,276
234,232
14,827
433,565
5
5
0
72,377
14,908
11,669
42,101
3,700
3,854
1,262
2,592
0
0
0
537,131
50
50
0
69,546
13,964
11,613
40,529
3,439
4,192
1,304
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
554,997
34
34
0
72,937
13,014
11,493
45,213
3,217
4,819
1,370
3,449
0
0
0
0
0
8
1
558,190
29
29
0
75,918
12,935
11,401
48,396
3,186
4,912
1,632
3,280
0
0
0
0
0
5
0
255,006
219,279
35,727
54,640
3,215
51,425
61,481
20,396
41,085
804
804
555,813
32
32
0
73,575
12,976
11,451
45,954
3,193
4,626
1,396
3,231
0
0
0
0
0
6
1
1
4
0
254,989
219,262
35,727
55,233
3,250
51,983
62,935
20,878
42,057
787
787
557,941
31
31
0
75,097
12,975
11,423
47,499
3,200
4,830
1,615
3,215
0
0
0
0
0
4
1
1
7
0
249,515
222,535
26,980
52,793
3,106
49,687
61,360
23,389
37,971
887
887
552,763
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
2
5
0
251,627
218,347
33,280
55,489
3,265
52,224
61,207
20,903
40,304
832
832
255,016
219,289
35,727
56,674
3,335
53,339
63,704
21,133
42,571
787
787
255,000
219,273
35,727
57,774
3,399
54,375
64,077
21,257
42,820
770
770
0
0
0
796,364
489,240
58,743
248,381
0
367
367
4,457,045
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
967,920
610,290
66,620
291,010
0
1,003
1,003
4,962,591
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
1,420,417
1,010,600
72,998
336,819
0
938
938
5,524,980
411,338
378,109
33,229
1,279,664
1,261,865
17,799
1,924,810
1,847,818
76,992
0
0
0
0
0
1,908,333
1,432,071
81,565
394,697
0
835
835
5,783,033
405,246
371,484
33,762
1,330,795
1,312,284
18,511
1,940,079
1,862,476
77,603
0
0
0
0
0
2,106,078
1,584,029
89,499
432,550
0
835
835
5,932,992
403,170
368,757
34,413
1,375,148
1,356,020
19,128
1,972,793
1,893,881
78,912
0
0
0
0
0
2,180,582
1,641,743
91,328
447,511
0
1,298
1,298
6,066,194
405,519
370,553
34,966
1,400,955
1,381,468
19,487
2,005,027
1,924,826
80,201
0
0
0
0
0
2,252,880
1,695,736
93,508
463,636
0
1,813
1,813
6,222,506
409,848
374,351
35,497
1,436,525
1,416,544
19,981
2,042,818
1,961,105
81,713
0
0
0
0
0
2,330,208
1,746,869
96,585
486,754
0
3,107
3,107
889,343
676,324
76,016
112,179
24,824
993,538
765,165
79,366
122,579
26,428
1,238,404
994,432
83,978
131,967
28,028
1,359,129
1,104,125
86,541
139,150
29,313
1,415,944
1,156,528
87,870
142,299
29,247
1,456,394
1,191,680
89,126
145,853
29,736
1,493,078
1,223,686
89,488
149,555
30,350
1,532,646
1,256,811
90,446
154,397
30,992
0
0
0
0
23
4
4
15
0
239,433
219,867
19,566
49,307
2,901
46,406
60,270
27,274
32,996
990
990
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
3,954,968
537,888
512,098
25,790
1,082,062
1,072,990
9,072
1,538,287
1,478,610
59,677
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 2007
1.55 TOTAL OUTSTANDING CONSUMER CREDIT1
Millions of dollars, amounts outstanding, end of period
2006
Holder and type of credit
2003
2004
2005
May
June
July
Aug.
Sept.
Oct.
Seasonally adjusted
1 Total
2,087,784
2,202,425
2,295,558
2,334,140
2,346,149
2,361,432
2,374,852
2,378,580
2,380,924
2 Revolving
771,130
1 316 654
801,261
1,401,164
826,602
1,468,956
837,470
1,496,671
845,947
1,500,202
851,580
1,509,851
857,914
1,516,938
861,020
1,517,560
865,631
1,515,293
Not seasonally adjusted
4 Total
By major holder
5 Commercial banks
6 Finance companies
8
9
10
11
Federal government and Sallie Mae
Savings institutions
Nonfinancial business
Pools of securitized assets3
By major type of credit*
12 Revolving
13
Commercial banks
14 Finance companies
16
Federal government and Sallie Mae
18
19
Nonfinancial business
Pools of securitized assets3
21
22
Commercial banks
Finance companies
24
Federal government and Sallie Mae
26
27
Nonfinancial business
Pools of securitized assets3
2,116,081
2,232,229
2,326,549
2,320,308
2,329,263
2,343,857
2,372,450
2,385,134
2,388,990
669,386
393,044
205,877
114,658
77,850
58,491
596,776
704,270
492,346
215,384
98,363
91,271
58,525
572,070
707,039
516,534
228,588
102,122
109,078
58,600
604,589
713,087
497,143
230,466
104,082
100,637
53,174
621,718
694,749
505,120
230,434
102,635
101,906
52,639
641,780
701,280
512,739
231,937
101,562
103,359
51,720
641,260
715,154
523,244
234,020
102,417
104,811
52,193
640,612
710,557
526,335
234,581
105,442
106,217
51,855
650,146'
709,934
527,372
234,698
104,550
107,196
51,696
653,545
791,902
285,015
45,266
22,410
n.a.
23,848
14,505
400,859
823,677
314,649
50,382
23,244
n.a.
27,905
11,740
395,757
849,821
311,204
66,307
24,688
n.a.
40,755
10,841
396,026
832,443
292,858
67,466
24,277
n.a.
40,837
8,099
398,906
841,367
291,029
69,467
24,706
n.a.
41,418
7,612
407,135
846,106
295,768
70,589
25,113
n.a.
42,031
6,651
405,954
857,080
301,040
71,552
25,616
n.a.
42,643
6,737
409,492
859,627
298,674
72,157
25,920
n.a.
43,236
6,727
412,913
862,572
296,562
74,246
26,797
n.a.
43,690
6,697
414,581
1 324 178
384,371
347,778
183,467
114,658
54,002
43,986
195,917
1,408,553
389,621
441,964
192,140
98,363
63,366
46,786
176,314
1,476,728
395,835
450,226
203,900
102,122
68,323
47,759
208,564
1,487,865
420,229
429,677
206,189
104,082
59,800
45,075
222,812
1,487,897
403,720
435,653
205,728
102,635
60,488
45,027
234,645
1,497,750
405,511
442,150
206,824
101,562
61,328
45,069
235,306
1,515,370
414,114
451,692
208,404
102,417
62,168
45,456
231,120
1,525,507
411,883
454,178
208,661
105,442
62,981
45,128
237,234
1,526,417
413,372
453,126
207,901
104,550
63,506
44,999
238,964
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
2006
Item
2003
2004
2005
Apr.
May
June
July
Aug.
Sept.
Oct.
INTEREST RATES
Commercial banks2
1 48-month new car
2 24-month personal
6.93
11.95
6.60
11.89
7.08
12.05
n.a.
n.a.
7.60
12.58
n.a.
n.a.
n.a.
n.a.
7.95
12.40
n.a.
n.a.
n.a.
n.a.
Credit card plan
3 All accounts
4 Accounts assessed interest
12.30
12.73
12.71
13.21
12.51
14.54
n.a.
n.a.
13.16
14.77
n.a.
n.a.
n.a.
n.a.
13.06
14.67
n.a.
n.a.
n.a.
n.a.
3.40
9 72
4.36
8 96
5.46
9 03
5.59
9 44
5.96
9 62
5.30
9 56
2.07
9 66
3.69
10 06
3.97
10 28
5.42
10 13
61.4
57 5
60.5
56 8
60.0
57 6
60.9
57 5
61.0
57 6
61.2
57 5
66.5
57 6
62.9
57 3
63.3
57 2
61.9
57 4
95
100
89
100
88
98
91
98
91
99
89
99
96
100
91
99
92
100
94
99
26,295
14,613
24,888
15,136
24,133
16,228
24,986
16,567
24,788
16,645
26,126
16,817
28,052
16,745
26,468
16,627
26,813
16,864
27,239
16,680
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
1,137.9
1,386.7
1,687.5
1,999.5
2,249.3
2,046.5
2,454.5
2,506.1
2,534.0
1,835.1
48.1
-294.9
-1.0
23.6
162.6
95.0
77.4
557.8
418.7
26.6
105.6
7.0
181.0
-83.0
-5.1
-.5
122.8
347.7
-87.2
4.4
687.9
529.6
40.3
110.2
7.7
151.0
-57.9
257.1
.5
159.4
132.3
-106.6
15.7
872.8
734.0
36.8
94.3
7.6
113.4
-35.1
398.4
-2.4
137.6
158.3
-77.7
5.5
999.0
800.8
70.3
119.8
8.0
104.0
16.8
362.5
-.6
130.5
77.7
12.5
20.4
1,262.8
1,054.8
48.6
151.4
8.1
116.9
49.8
570.4
-.7
188.2
34.3
108.4
76.3
1,125.1
901.3
51.0
167.6
5.3
97.4
5.8
26.5
-1.4
147.4
30.1
212.2
73.6
1,438.7
1,135.7
80.3
211.1
11.5
113.6
2.8
264.2
-.4
237.6
99.6
39.5
40.3
1,667.8
1,322.5
65.0
271.9
8.5
102.9
-89.9
368.1
.8
205.3
75.5
187.7
119.2
1,588.0
1,180.2
91.8
316.6
-.5
51.4
42.1
532.5
-1.0
77.6
213.5
263.7
48.3
1,307.7
1,025.2
52.7
219.4
10.4
49.5
40.1
-116.4
2
160.5
207.3
128.5
90.4
1,168.5
872.1
43.5
237.4
15.5
155.9
-14.3
161.1
-1.0
195.5
119.6
155.0
67.4
1,028.6
685.9
36.4
288.6
17.7
135.8
580.0
550.0
341.8
196.8
11.3
15.5
-295.9
649.9
387.9
215.2
162.2
10.5
105.7
-5.6
813.8
171.4
15.6
148.0
7.8
143.9
257.6
978.4
192.8
88.6
96.5
7.7
120.3
396.0
1,093.5
428.8
177.7
239.6
11.5
115.3
361.9
1,009.8
503.3
287.2
211.8
4.4
166.5
569.7
1,288.4
606.4
251.7
336.7
18.0
126.5
25.1
1,322.9
650.9
313.0
316.3
21.6
216.8
263.9
1,333.4
628.5
265.3
356.9
6.4
175.3
368.9
1,139.7
797.6
468.5
300.3
28.8
65.2
531.5
1,110.6
716.9
423.8
268.1
25.0
123.7
-116.1
841.6
669.8
388.3
258.0
23.5
176.3
160.1
22 Foreign net borrowing in United States
63.0
-13.7
92.9
31.7
123.5
56.2
84.5
84.7
113.3
109.3
101.6
412.7
23
24
25
26
31.7
21.2
11.4
-1.3
15.8
-18.5
-7.3
-3.8
58.3
31.6
5.3
-2.3
12.9
28.7
-7.7
-2.1
62.8
61.8
2.5
-3.6
6.2
41.3
12.1
-3.4
10.0
84.4
-5.3
-4.6
78.5
8.5
5.2
-7.4
59.1
17.9
39.5
-3.1
62.6
50.6
7.6
-11.5
-58.9
139.1
28.2
-6.9
249.3
176.7
-5.2
-8.1
1,124.2
1,479.7
1,719.2
2,123.0
2,305.5
2,131.0
2,539.2
2,619.5
2,643.3
1,936.7
1 Total net borrowing by domestic nonfinancial sectors
2
3
4
5
6
7
8
9
10
11
12
13
14
By instrument
Commercial paper
Treasury securities
Agency- and GSE-backed securities
Municipal securities and loans
Corporate bonds
Bank loans n.e.c
Other loans and advances
Mortgages
Home
Multifamily residential
Commercial
Farm
Consumer credit
15
16
17
18
19
20
21
By borrowing sector
Household
Nonfinancial business
Corporate
Nonfarm noncorporate
Farm
State and local government
Federal government
Commercial paper
Bonds
Bank loans n.e.c
Other loans and advances
27 Total domestic plus foreign
912.6
Financial sectors
932.8
872.5
1,009.4
880.3
709.1
1,173.5
773.3
1,491.3
1,113.0
1,392.0
131.7
235.2
199.7
159.7
7.0
42.5
4.9
-27.4
304.1
338.5
271.1
18.7
25.5
2.2
-63.8
219.8
326.8
353.6
21.1
6.8
8.2
-52.9
243.7
330.5
455.7
-7.2
31.2
8.3
55.1
65.0
53.0
573.2
33.5
74.1
26.3
180.1
-209.6
47.3
613.0
16.8
38.8
22.7
301.5
-84.2
136.6
757.2
-44.3
87.4
19.3
243.5
-243.9
163.4
535.9
29.4
25.2
19.9
219.3
200.9
191.8
828.0
35.0
25.9
-9.6
261.4
144.8
327.3
330.3
9.7
16.7
22.9
308.5
314.3
306.4
439.0
-35.2
44.6
14.5
316.2
-191.1
280.8
342.9
-20.2
29.0
6.1
60.0
27.3
.0
-.7
235.2
199.7
156.2
86.4
2.6
15.6
-1.6
52.9
-2.0
1.5
.6
304.1
338.5
220.4
10.9
3.2
1.4
1.1
49.7
-23.4
2.0
2.0
219.8
326.8
182.8
66.2
24.5
-1.7
23.7
49.2
6.1
2.2
2.9
243.7
330.5
211.1
111.0
31.9
6.4
14.4
77.7
64.4
2.3
3.0
65.0
53.0
332.1
134.4
98.4
15.2
34.6
149.3
-4.9
1.5
-1.6
-209.6
47.3
427.0
108.7
73.0
11.2
107.1
47.1
49.4
3.1
2.3
-84.2
136.6
691.5
-27.2
92.8
-5.2
267.1
82.8
6.9
.3
.4
-243.9
163.4
720.3
-150.2
66.0
28.0
99.4
61.2
13.3
8.1
.6
200.9
191.8
805.3
202.2
2.4
-33.4
38.9
62.5
9.6
-.2
2.8
144.8
327.3
305.0
22.5
66.6
35.1
137.0
195.0
-24.7
6.8
1.3
314.3
306.4
377.1
66.2
59.3
6.5
83.7
48.4
41.1
28 Total net borrowing by financial sectors
29
30
31
32
33
34
35
By instrument
Open market paper
Government-sponsored enterprise securities
Agency- and GSE-backed mortgage pool securities
Corporate bonds
Bank loans n.e.c
Other loans and advances
Mortgages
36
37
38
39
40
41
42
43
44
45
46
By borrowing sector
Commercial banking
Savings institutions
Credit unions
Life insurance companies
Government-sponsored enterprises
Agency- and GSE-backed mortgage pools
Issuers of asset-backed securities (ABSs)
Finance companies
Real estate investment trusts (REITs)
Brokers and dealers
Funding corporations
2.4
-191.1
280.8
379.4
-39.6
24.7
5.0
210.3
36
Federal Reserve Bulletin Statistical Supplement • February 2007
1.57
FUNDS RAISED IN U.S. CREDIT MARKETS1—Continued
Billions of dollars; quarterly data at seasonally adjusted annual rates
Transaction category or sector
Ql
Q2
Q3
Q4
Q1
Q2
Q3
47 Total net borrowing, all sectors . . . .
1,693.2
2,057.0
2,352.2
2,728.6
3,003.3
3,014.7
3,304.5
3,312.5
4,110.8
3,756.3
3,328.8
3,024.0
48
49
50
51
52
53
54
55
56
211.6
-294.9
433.9
23.6
343.5
113.3
118.6
562.7
181.0
-94.5
-5.1
642.1
122.8
600.3
-75.8
26.1
690.1
151.0
-63.5
257.1
547.2
159.4
517.5
-80.2
20.2
881.1
113.4
-75.1
398.4
571.9
137.6
642.7
-92.6
34.5
1,007.3
104.0
134.7
362.5
117.5
130.5
712.7
48.5
90.9
1,289.1
116.9
236.2
570.4
-163.0
188.2
688.6
137.3
111.8
1,147.8
97.4
317.3
26.5
51.1
147.4
871.7
162.6
156.4
1,458.0
113.6
324.8
264.2
-80.9
237.6
644.0
74.0
58.1
1,687.7
102.9
188.5
368.1
393.5
205.3
921.4
262.2
141.9
1,578.4
51.4
366.1
532.5
471.1
77.6
594.3
281.0
53.5
1,330.6
49.5
289.7
-116.4
621.0
160.5
785.4
121.5
128.1
1,183.0
155.9
551.1
161.1
88.7
195.5
639.2
129.5
88.3
1,034.7
135.8
Open market paper
Treasury securities
Agency- and GSE-backed securities . .
Municipal securities
Corporate and foreign bonds
Bank loans n.e.c
Other loans and advances
Mortgages
Consumer credit
Funds raised through mutual funds and corporate equities
57 Total net Issues
242.9
303.2
227.4
427.3
364.7
355.8
112.4
-103.9
63.0
109.4
-191.6
-334.4
58 Corporate equities
59
Nonfinancial corporations
60
Foreign shares purchased by U.S. residents .
61
Financial corporations
62 Mutual fund shares
5.3
118.2
106.7
16.8
237.6
98.3
-48.1
109.1
37.3
204.9
46.4
-41.6
17.0
71.0
181.1
138.7
-42.0
118.0
62.7
288.6
66.5
-126.6
84.8
108.3
298.2
-33.5
-264.3
160.2
70.6
389.3
-126.9
-300.1
98.5
74.8
239.2
-305.5
-469.9
138.7
25.7
201.6
-147.6
-419.2
171.2
100.4
210.6
-395.1
-570.0
164.2
10.6
504.6
-467.0
-614.8
69.7
78.1
275.4
-565.9
-579.6
32.9
-19.2
231.5
1. Data in this table also appear in the Board's Z.I quarterly statistical release, tables F.2
through F.4, 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 Domestic nonfinancial sectors
3
Household
4
Nonfinancial corporate business
5
Nonfarm noncorporate business
6
State and local governments
7
Federal government
8 Rest of the world
9 Financial sectors
10
Monetary authority
11
Commercial banking
12
U.S.-chartered commercial banks
13
Foreign banking offices in United States . .
14
Bank holding companies
15
Banks in U.S.-affiliated areas
16
Savings institutions
17
Credit unions
18 Property-casualty insurance companies . . . .
19 Life insurance companies
20
Private pension funds
21
State and local government retirement funds
22
Federal government retirement funds
23
Money market mutual funds
24
Mutual funds
25
Closed-end funds
26
Exchange-traded funds
27
Government-sponsored enterprises
28 Agency- and GSE-backed mortgage pools
29
Asset-backed securities issuers (ABSs)
30
Finance companies
31
Real estate investment trusts (REITs)
32
Brokers and dealers
33 Funding corporations
2,057.0
2,352.2
2,728.6
3,014.7
3,304.5
3,312.5
4,110.8
3,756.3
3,328.8
3,024.0
39.2
-71.7
26.5
2.1
70.7
11.6
246.9
1,407.1
33.7
357.9
339.5
23.9
-12.2
6.7
56.2
28.0
-8.7
57.9
-125.0
36.3
2.1
138.3
26.3
-5.6
.0
246.0
199.7
143.2
136.7
-5.3
68.9
20.6
-104.1
-4.7
7.1
93.9
6.0
302.1
1,756.6
39.9
205.2
191.6
-.6
4.2
10.0
44.4
41.5
9.0
130.9
-36.0
-53.8
9.7
267.3
126.6
3.2
.0
304.7
338.5
208.6
49.8
8.6
92.4
-33.8
177.1
56.3
25.8
-.8
86.2
9.5
430.5
1,744.6
77.7
404.4
393.8
6.2
3.1
1.3
33.4
44.2
39.9
233.0
-8.6
-50.7
12.7
-17.7
138.7
8.6
3.7
224.1
326.8
189.3
103.7
21.5
28.4
-68.5
175.6
121.9
-3.2
1.2
58.3
-2.7
516.3
2,036.7
37.2
299.5
323.3
-43.0
8.6
10.6
126.0
51.2
67.0
180.6
69.2
11.2
6.0
-95.9
138.0
36.2
.7
236.5
330.5
217.6
122.7
28.1
79.6
94.8
320.6
205.6
35.5
11.7
64.5
3.3
772.9
1,909.8
51.2
582.2
548.0
20.3
.0
13.9
172.8
39.8
73.6
173.0
-.3
27.2
4.7
-124.9
116.6
11.2
3.8
46.2
53.0
333.2
214.9
87.9
-29.2
73.0
-35.0
-185.9
28.1
9.2
112.6
.9
794.6
2,255.1
2.0
965.6
745.0
218.0
-9.4
12.0
2.1
45.8
89.0
198.7
-2.9
60.0
8.5
-169.6
193.0
6.4
11.7
-54.8
47.3
423.2
81.8
37.6
75.7
234.1
423.8
287.4
36.3
14.1
92.2
-6.2
714.6
2,166.1
31.8
591.4
428.0
119.7
29.4
14.4
233.6
44.3
49.2
81.3
.7
-23.6
11.4
-118.5
127.3
4.0
3.5
-88.8
136.6
677.8
18.0
120.1
230.6
35.4
571.6
436.3
3.2
13.7
124.7
-6.3
846.2
1,894.8
56.9
649.2
514.9
174.8
-46.0
5.5
150.6
21.4
107.4
94.3
17.4
-54.5
8.1
12.7
83.8
-.8
7.1
-263.5
163.4
698.7
112.0
89.1
-215.3
156.9
459.2
315.0
56.0
14.8
72.5
.8
1,035.9
2,615.7
14.9
380.4
306.1
56.2
9.4
8.8
138.6
33.2
22.1
66.9
34.7
6.7
3.0
235.0
92.2
-3.4
4.8
145.3
191.8
768.1
256.5
20.8
273.3
-69.4
315.8
232.5
56.3
11.2
10.7
5.1
745.3
2,695.2
63.0
876.8
792.5
73.4
6.8
4.1
82.1
55.5
60.1
134.1
7.5
-9.1
5.4
95.3
238.6
10.1
3.0
64.7
327.3
292.4
98.1
40.5
-51.5
301.4
16.0
-107.1
43.9
8.2
61.5
9.4
818.6
2,494.2
35.3
813.7
654.6
175.3
-8.0
-8.2
142.4
36.5
48.3
81.1
48.0
59.4
17.8
148.9
157.8
18.5
9.1
144.8
306.4
358.5
69.5
57.7
53.9
-113.5
57.9
-36.1
12.7
9.5
79.7
-7.9
769.5
2,196.6
20.3
115.6
15.2
102.6
.7
-3.0
260.0
28.5
42.7
109.8
38.9
-42.5
7.7
375.9
156.0
-8.9
2.8
-80.5
280.8
346.6
156.0
26.8
191.5
168.7
1,693.2
2,057.0
2,352.2
2,728.6
3,003.3
3,014.7
-.4
-4.0
2.4
126.9
12.0
-113.6
231.0
116.2
232.5
114.5
5.3
237.6
399.9
146.1
50.2
271.6
25.9
-51.9
,423.8
4.3
.0
1.3
6.8
-28.0
156.8
314.6
68.5
428.5
23.7
98.3
204.9
-84.3
3.1
77.2
254.0
14.4
-23.4
764.3
3.2
.0
1.0
21.0
17.4
-8.3
325.4
50.0
-16.7
106.6
46.4
181.1
87.9
-87.0
60.1
186.5
22.2
-82.7
540.8
-.9
.0
.6
36.6
-14.2
80.1
305.8
61.8
-207.5
227.2
138.7
288.6
25.0
132.5
66.8
200.3
-1.0
20.2
544.5
-3.2
.0
.7
89.9
19.2
89.8
282.9
246.6
-136.5
83.2
66.5
298.2
189.5
166.6
33.1
241.4
27.7
-56.1
1,618.7
-14.5
.0
.8
420.0
1.6
43.9
232.9
263.7
-71.7
560.7
-33.5
389.3
209.6
3.7
15.2
89.2
37.0
-43.8
356.8
2.8
.0
1.1
-210.5
73.1
-31.6
259.9
251.1
11.7
387.9
-126.9
239.2
262.2
73.1
18.1
160.9
7.6
-86.5
1,448.9
-7.2
.0
.9
91.2
-36.7
-44.4
482.8
376.1
216.7
298.3
-305.5
201.6
312.6
20.8
20.0
136.8
14.9
-93.3
1,045.4
46.6
-11.5
44.7
283.9
193.7
351.4
172.6
-147.6
210.6
173.7
-128.5
10.9
223.5
51.0
-30.2
9.4
-2.3
.0
.6
229.1
-36.4
67.9
227.6
375.5
133.1
512.3
-395.1
504.6
147.6
244.3
3.3
62.8
31.2
-69.8
974.8
2.0
.0
.8
239.7
-139.3
21.9
304.7
300.0
222.6
239.1
-467.0
275.4
333.1
194.1
19.2
167.2
-5.2
-63.3
1,040.6
2.1
.0
1.0
96.4
-18.5
-81.9
256.9
389.3
438.5
606.3
-565.9
231.5
207.6
137.3
17.0
124.0
21.6
-58.9
1,012.4
4,919.1
4,341.9
3,807.1
4,633.5
6,261.3
5,475.5
6,046.8
6,043.7
5,545.7
6,767.2
6,014.3
5,840.6
-1.2
76.4
17.3
143.6
32.6
-320.8
-12.9
17.2
-51.2
20.1
-219.9
-.6
21.5
7.2
36.0
2.3
-58.7
-.3
53.5
-4.4
-24.0
-42.6
-73.3
-.3
62.0
15.0
-139.3
-14.5
265.3
.4
384.9
33.6
422.3
-87.0
-701.4
.8
-243.3
-37.4
162.5
-23.5
443.6
1.7
22.6
1.4
-127.4
9.4
-221.4
-.1
17.1
41.0
66.8
-12.3
312.4
-4.8
242.6
25.3
292.9
-89.3
-413.5
268.7
10.1
254.4
-18.0
-403.6
.6
124.3
-9.3
259.6
3.1
-110.6
-1.6
-.7
165.8
-8.9
.0
39.6
27.9
-6.1
-18.8
-.4
57.1
-11.9
-.3
29.2
23.0
.5
-26.7
-18.7
.0
-136.2
4.3
.0
106.8
-15.6
.1
74.7
35.2
-.1
-71.9
3,635.8
4,693.9
6,051.5
1,693.2
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Netflowsthrough credit markets
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
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
54 Total financial sources
55
56
57
58
59
60
Liabilities not identified as assets (-)
Treasury currency
Foreign deposits
Net interbank liabilities
Security repurchase agreements
Taxes payable
Miscellaneous
Floats not included in assets (-)
61 Federal government checkable deposits
62 Other checkable deposits
63 Trade credit
64 Total identified to sectors as assets .. .
9.0
-.3
21.7
5.7
-.5
4,940.9
4,575.3
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.
4,110.8
-19.5
.0
5,727.2
2. Excludes corporate equities and mutual fund shares.
38
1.59
Federal Reserve Bulletin Statistical Supplement • February 2007
SUMMARY OF CREDIT MARKET DEBT OUTSTANDING'
Billions of dollars, end of period
2005
Transaction category or sector
2001
2002
2003
2006
2004
Q2
Ql
Q3
Q4
Ql
Q2
Q3
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors
19,212.1
20,598.8
22,318.7
24,333.0
24,840.0
25,337.6
25,967.4
26,647.1
27,218.4
27,673.7
28,146.7
2
3
4
5
6
7
8
9
10
11
12
13
14
By instrument
Commercial paper
Treasury securities
Agency- and GSE-backed securities
Municipal securities and loans
Corporate bonds
Bank loans n.e.c
Other loans and advances
Mortgages
Home
Multifamily residential
Commercial
Farm
Consumer credit
177.9
3,352.7
26.8
1,603.5
2,578.0
1,239.4
934.2
7 400 0
5.639.5
427.1
1.215.4
118.0
1.899.6
119.9
3,609.8
27.3
1,762.9
2,710.3
1,132.8
949.9
8,272.9
6,373.5
464.0
1.309.8
125.6
2.013.0
84.8
4,008.2
24.9
1,900.5
2,868.6
1,087.5
955.4
9,271.8
7,174.3
534.3
1.429.6
133.6
2.117.0
101.6
4,370.7
24.3
2,031.0
2,946.3
1,100.0
975.8
10,549.4
8,243.9
582.8
1.581.0
141.7
2.233.9
115.3
4,535.6
24.1
2,085.7
2,954.9
1,118.3
988.6
10,801.7
8,445.0
595.6
1,618.1
143.0
2.215.8
114.4
4,493.1
23.7
2,134.2
2,962.4
1,170.6
1,018.2
11,180.9
8,745.2
615.7
1.673.8
146.2
2.240.1
119.6
4,566.0
23.6
2,176.1
2,987.3
1,183.8
1,015.6
11,607.2
9,087.8
631.9
1.739.2
148.3
2.288.1
93.8
4,678.0
23.8
2,225.6
3,006.2
1,237.0
1,053.1
12,004.3
9,378.8
654.9
1.822.8
147.9
2.325.3
100.4
4,834.4
23.6
2,254.9
3,059.6
1,293.0
1,055.0
12,303.6
9,612.3
668.0
1.872.9
150.5
2.293.9
115.4
4,759.6
23.6
2,305.7
3,111.4
1,325.0
1,089.5
12,614.8
9,845.7
678.9
1.935.5
154.7
2.328.8
114.2
4,803.2
23.4
2,337.5
3,141.3
1,368.3
1,091.8
12,880.8
10,028.9
688.0
2.004.7
159.1
2.386.2
15
16
17
18
19
20
21
By borrowing sector
Households
Nonfinancial business
Corporate
Nonfarm noncorporate
Farm
State and local government
Federal government
7.649.4
6,879.8
4,729.1
1,958.7
192.1
1,303.4
3,379.5
8.463.2
7,051.3
4,744.6
2,106.7
200.0
1,447.3
3,637.0
9.451.8
7,266.3
4,855.5
2,203.2
207.6
1,567.6
4,033.1
10.560.1
7,695.1
5,033.2
2,442.8
219.1
1,682.8
4,395.0
10.740.9
7,806.5
5,094.4
2,495.9
216.2
1,732.9
4,559.7
11.073.2
7,972.1
5,167.8
2,580.2
224.1
1,775.5
4,516.8
11.447.6
8,116.6
5,227.8
2,658.0
230.8
1,813.5
4,589.6
11.798.7
8,292.4
5,312.4
2,748.3
231.7
1,854.1
4,701.9
12.011.6
8,467.8
5,409.6
2,823.4
234.8
1,881.0
4,858.0
12.298.2
8,670.3
5,535.4
2,890.6
244.3
1,922.0
4,783.2
12.555.1
8,814.7
5,609.1
2,953.8
251.8
1,950.4
4,826.6
22 Foreign credit market debt held in
United States
862.9
1,072.3
1,244.5
1,424.8
1,439.5
1,462.0
1,482.6
1,466.0
1,498.3
1,519.6
1,624.1
23
24
25
26
196.0
557.1
63.2
46.6
254.2
705.2
68.6
44.3
267.1
874.4
60.9
42.2
329.9
993.0
63.3
38.6
332.3
1.003.3
66.3
37.7
336.2
1.024.4
65.0
36.4
355.0
1.026.5
66.3
34.7
368.4
987.5
76.2
34.0
389.0
1.000.2
78.1
31.1
370.1
1.035.0
85.1
29.4
433.6
1.079.1
83.8
27.5
20,075.0
21,671.2
23,563.2
25,757.8
26,279.6
26,799.6
27,450.0
28,113.2
28,716.7
29,193.3
29,770.9
Commercial paper
Bonds
Bank loans n.e.c
Other loans and advances
27 Total credit market debt owed by nonfinancial
sectors, domestic and foreign
Financial sectors
28 Total credit market debt owed by
financial sectors
32
33
34
35
By instrument
Open market paper
Government-sponsored enterprise securities
Agency- and GSE-backed mortgage pool
securities
Corporate bonds
Bank loans n.e.c
Other loans and advances
Mortgages
36
37
38
39
40
41
42
43
44
45
46
47
By borrowing sector
Commercial banks
Bank holding companies
Savings institutions
Credit unions
Life insurance companies
Government-sponsored enterprises
Agency- and GSE-backed mortgage pools
Issuers of asset-backed securities (ABSs)
Brokers and dealers
Finance companies
Real estate investment trusts (REITs)
Funding corporations
29
30
31
9,183.0
10,055.4
11,050.8
11,946.0
12,093.2
12,381.7
12,491.3
12,928.3
13,174.7
13,518.7
13,696.6
1.197.3
2,130.6
1.133.5
2,350.4
1.080.5
2,594.1
1.135.7
2,659.2
1.158.6
2,606.8
1.218.0
2,585.7
1.269.5
2,524.8
1.371.8
2,575.0
1,411.9
2,611.2
1.475.4
2,689.8
1.542.6
2,642.0
2,831.8
2 352 4
121.7
463.7
85.6
3,158.6
2,706.0
142.8
470.5
93.8
3,489.1
3,147.7
135.6
501.7
102.1
3,542.2
3,735.7
169.1
575.8
128.4
3,547.1
3,899.4
168.8
578.6
134.0
3,567.9
4,096.1
163.3
611.9
138.8
3,616.6
4,148.4
173.8
614.5
143.8
3,677.0
4,364.7
178.3
620.1
141.4
3,752.4
4,459.0
176.3
616.9
147.1
3,813.3
4,575.0
172.9
641.5
150.8
3,892.3
4,652.2
171.6
643.7
152.3
296.0
266.1
285.7
4.9
3.1
2.130.6
2,831.8
1,696.5
42.3
818.1
171.2
636.6
325.5
286.4
262.3
6.9
5.1
2.350.4
3,158.6
1,879.2
40.6
884.3
195.7
660.4
339.3
321.8
268.3
9.1
8.0
2.594.1
3,489.1
2,076.3
47.0
995.3
227.7
674.8
357.5
381.3
332.8
11.4
11.1
2.659.2
3,542.2
2,408.4
62.2
1.129.7
340.9
709.4
373.0
403.3
324.3
11.8
10.7
2.606.8
3,547.1
2,510.3
65.0
1,144.0
359.2
737.9
383.4
408.6
344.1
12.5
11.2
2.585.7
3,567.9
2,687.5
63.7
1.143.9
382.4
790.7
389.1
421.5
344.3
12.6
11.3
2.524.8
3,616.6
2,859.7
70.7
1.038.6
398.9
803.2
394.3
429.5
348.9
14.7
11.5
2.575.0
3,677.0
3,069.5
62.4
1.108.6
399.5
837.5
398.4
438.7
343.0
14.6
12.2
2.611.2
3,752.4
3,141.6
71.1
1,101.0
416.1
874.6
422.6
467.0
346.5
16.3
12.5
2.689.8
3,813.3
3,240.9
72.8
1.124.0
430.9
882.1
424.1
475.3
354.0
16.8
13.1
2.642.0
3,892.3
3,326.9
74.0
1,121.6
437.1
919.3
All sectors
48 Total credit market debt, domestic and foreign .
49
50
51
52
53
54
55
56
57
Open market paper
Treasury securities
Agency- and GSE-backed securities
Municipal securities
Corporate and foreign bonds
Bank loans n.e.c
Other loans and advances
Mortgages
Consumer credit
29,257.9
1 571 1
3.352.7
4,989.1
1,603.5
5,487.4
1,424.3
1.444.5
7 485 6
1.899.6
31,726.6
34,614.0
37,703.7
38,372.8
39,181.3
39,941.3
41,041.4
41,891.5
42,712.0
43,467.4
1,507.6
3,609.8
5,536.3
1,762.9
6,121.5
1,344.2
1.464.7
8,366.6
2,013.0
1,432.5
4,008.2
6,108.1
1,900.5
6,890.6
1,283.9
1.499.2
9,373.9
2,117.0
1,567.2
4,370.7
6,225.6
2,031.0
7,675.0
1,332.4
1.590.2
10,677.8
2,233.9
1,606.2
4,535.6
6,177.9
2,085.7
7,857.6
1,353.5
1.604.8
10,935.7
2,215.8
1,668.5
4,493.1
6,177.3
2,134.2
8,082.9
1,398.9
1.666.5
11,319.7
2,240.1
1,744.1
4,566.0
6,165.0
2,176.1
8,162.1
1,423.9
1.664.8
11,751.1
2,288.1
1,833.9
4,678.0
6,275.8
2,225.6
8,358.4
1,491.4
1.707.2
12,145.8
2,325.3
1,901.3
4,834.4
6,387.2
2,254.9
8,518.7
1,547.3
1.702.9
12,450.8
2,293.9
1,960.9
4,759.6
6,526.7
2,305.7
8,721.3
1,583.0
1.760.4
12,765.5
2,328.8
2,090.4
4,803.2
6,557.7
2,337.5
8,872.6
1,623.7
1.763.0
13,033.1
2,386.2
1. Data in this table appear in the Board's Z.I quarterly statistical release, tables L
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
2 Domestic nonfinancial sectors
3
Household
4
Nonfinancial corporate business
5
Nonfarm noncorporate business
6
State and local governments
7
Federal government
8 Rest of the world
9 Financial sectors
10
Monetary authority
11
Commercial banking
12
U.S.-chartered commercial banks
13
Foreign banking offices in United States . .
14
Bank holding companies
15
Banks in U.S.-affiliated areas
16
Savings institutions
17
Credit unions
18 Property-casualty insurance companies . . . .
19 Life insurance companies
20
Private pension funds
21
State and local government retirement funds
22
Federal government retirement funds
23
Money market mutual funds
24
Mutual funds
25
Closed-end funds
26
Exchange-traded funds
27
Government-sponsored enterprises
28 Agency- and GSE-backed mortgage pools
29
Asset-backed securities (ABSs) issuers
30
Finance companies
31
Real estate investment trusts (REITs)
32
Brokers and dealers
33 Funding corporations
29,257.9
31,726.6
34,614.0
37,703.7
38,372.8
39,181.3
39,941.3
41,041.4
41,891.5
42,712.0
43,467.4
3,694.3
2,117.7
243.6
73.1
981.2
278.7
3,213.2
22,350.4
551.7
5,210.5
4,610.1
510.7
24.7
65.0
1,133.2
421.2
518.4
2,074.8
585.8
689.4
44.8
1,584.9
1,229.7
108.5
.0
2,099.1
2,831.8
1,601.5
978.6
48.0
316.0
322.6
3,894.8
2,197.5
269.4
72.4
1,067.4
288.2
3,736.8
24,095.0
629.4
5,614.9
5,003.9
516.9
27.8
66.3
1,166.6
465.4
558.3
2,307.8
577.3
638.7
57.6
1,567.1
1,368.4
117.1
3.7
2,323.2
3,158.6
1,790.7
1,082.3
69.4
344.4
254.1
4,280.6
2,529.6
266.3
73.6
1,125.6
285.6
4,169.3
26,164.1
666.7
5,960.8
5,361.7
485.8
36.4
76.9
1,292.6
516.6
625.2
2,488.3
646.5
649.9
63.6
1,471.3
1,506.4
153.3
4.5
2,559.7
3,489.1
1,994.3
1,205.0
97.5
424.1
348.8
4,613.9
2,747.9
301.7
85.3
1,190.2
288.8
4,981.1
28,108.7
717.8
6,543.0
5,909.7
506.1
36.4
90.8
1,485.4
556.4
698.8
2,661.4
646.1
677.1
68.2
1,346.3
1,623.0
164.5
8.2
2,605.9
3,542.2
2,327.5
1,420.0
200.1
394.9
421.8
4,598.3
2,707.9
295.3
87.6
1,218.7
288.8
5,173.5
28,601.0
717.3
6,745.2
6,054.3
563.1
34.0
93.8
1,496.3
565.8
721.1
2,714.2
645.4
692.1
70.4
1,294.3
1,669.3
166.1
11.2
2,581.4
3,547.1
2,428.5
1,423.1
209.5
440.0
462.7
4,722.8
2,802.5
299.6
91.1
1,244.9
284.6
5,361.2
29,097.4
724.7
6,909.7
6,178.8
592.1
41.4
97.4
1,550.2
579.0
733.4
2,733.2
645.6
686.2
73.2
1,245.1
1,697.3
167.1
12.0
2,571.2
3,567.9
2,602.2
1,441.7
239.5
457.3
460.9
4,765.9
2,796.7
312.8
94.5
1,273.7
288.3
5,572.3
29,603.1
736.4
7,084.1
6,327.3
628.2
29.9
98.8
1,588.8
585.9
760.3
2,760.6
649.9
672.6
75.2
1,241.8
1,719.6
166.9
13.8
2,503.2
3,616.6
2,769.0
1,465.2
261.8
432.0
499.5
5,034.0
3,026.4
332.6
98.2
1,290.7
286.1
5,672.0
30,335.4
744.2
7,189.6
6,408.2
648.3
32.2
101.0
1,616.6
592.6
765.8
2,765.4
658.6
674.3
76.0
1,336.2
1,747.1
166.0
15.0
2,540.5
3,677.0
2,969.5
1,537.1
267.0
486.0
511.1
5,112.6
3,098.6
332.0
101.0
1,293.9
287.1
5.851.7
30,927.1
758.5
7,366.0
6,560.7
669.5
33.9
102.0
.,648.8
604.1
780.8
2,803.0
660.5
672.0
77.3
1,347.7
1,805.7
168.5
15.7
2,545.2
3,752.4
3,038.4
1,543.0
277.1
497.2
565.0
5,132.1
3,092.1
337.4
103.1
1,312.8
286.8
6,066.1
31,513.8
766.4
7,586.6
6,741.8
713.0
31.9
99.9
1,679.5
615.6
792.9
2,821.6
672.5
686.9
81.8
1,370.9
1,840.2
173.2
18.0
2,595.2
3,813.3
3,133.1
1,575.5
291.6
470.0
529.1
5,121.3
3,041.0
354.2
105.5
1,330.5
290.2
6,256.4
32,089.7
768.9
7,631.1
6,769.8
730.0
32.1
99.2
1,744.5
624.4
803.6
2,852.4
682.2
676.2
83.7
1,452.9
1,880.2
170.9
18.7
2,571.7
3,892.3
3,210.9
1,609.0
298.3
546.1
571.6
41,891.5
42,712.0
43,467.4
46.5
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
34 Total credit market debt
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
46.8
2.2
24.5
810.1
191.4
1,360.2
3,370.5
1,121.0
2,240.6
1,233.7
4,135.4
825.9
880.0
8,766.4
2,372.3
219.2
11,281.6
55.8
2.2
25.5
831.1
206.0
1,351.9
3,695.9
1,171.0
2,223.9
1,340.3
3,638.4
738.8
920.9
8,068.0
2,460.2
241.4
11,976.1
62.3
2.2
26.0
867.8
193.3
1,432.0
4,001.7
1,232.8
2,016.4
1,567.5
4,654.2
871.3
1,013.2
9,672.7
2,485.2
240.5
12,431.7
62.2
2.2
26.7
957.7
212.2
1,521.8
4,284.6
1,504.9
1,879.8
1,650.7
5,436.3
1,037.9
1,060.4
10,636.8
2,674.6
268.1
13,877.4
26.9
1,062.7
196.6
.,499.7
4,376.0
1,575.4
1,841.0
.,782.8
5,471.6
1,051.5
1,059.4
10,461.7
2,721.6
285.0
13,895.1
54.3
2.2
27.2
1,010.0
207.6
1,514.6
4,408.5
1,637.1
1,831.5
1,911.3
5,595.7
1,064.5
1,067.2
10,666.5
2,783.4
287.7
14,106.8
52.0
2.2
27.4
1,032.9
204.3
1,481.9
4,523.7
1,738.0
1,876.7
1,983.9
5,874.4
1,068.0
1,077.7
10,954.2
2,867.6
295.8
13,878.6
45.9
2.2
27.5
1,044.5
220.3
1,525.0
4,599.4
1,776.0
2,006.9
2,005.6
6,048.9
1,030.2
1,082.6
11,176.7
2,914.2
295.7
13,982.4
46.0
2.2
27.6
1,101.8
198.1
1,508.6
4,688.7
1,876.1
2,014.1
2,127.7
6,464.1
1,105.2
1,091.6
11,393.8
2,950.5
311.6
13,807.0
48.3
2.2
27.8
1,161.7
154.5
1,538.5
4,733.0
1,949.0
2,067.4
2,221.8
6,420.0
1,147.9
1,092.6
11,271.4
3,030.0
311.8
13,807.1
28.1
1,185.8
151.3
1,493.4
4,791.4
2,053.7
2,166.5
2,371.4
6,625.8
1,180.7
1,103.1
11,633.8
3,087.5
321.1
14,043.7
52 Total liabilities
68,139.7
70,674.1
77,384.5
84,798.0
85,738.2
87,357.6
88,880.3
90,825.3
92,606.1
93,697.0
95,753.3
Financial assets not included in liabilities (+)
53 Gold and special drawing rights
54 Corporate equities
55 Household equity in noncorporate business . . .
21.8
15,310.6
4,805.7
23.2
11,900.5
4,970.0
23.7
15,618.5
5,399.6
24.6
17,389.3
5,957.7
22.6
17,002.3
6,133.1
22.3
17,185.9
6,357.7
19.3
17,914.7
6,555.0
19.3
18,277.0
6,739.9
19.4
19,140.8
6,942.3
19.7
18,668.9
7,055.0
19.7
19,306.3
7,140.9
-8.6
630.9
11.1
390.6
93.3
-3,450.2
-9.1
652.5
15.5
426.6
126.3
-3,269.9
-9.5
705.9
12.6
402.6
69.3
-3,026.9
-9.7
767.9
27.3
258.8
96.2
2,878.7
-9.6
864.1
35.7
361.1
91.9
-3,117.5
-9.4
803.3
23.3
427.7
97.0
-3,104.3
-9.0
808.9
27.5
413.5
80.8
3,451.4
-9.1
813.2
38.5
389.8
95.4
-3,378.6
-10.3
873.9
44.0
461.9
93.1
-3,599.6
-10.2
941.0
44.4
551.3
74.3
-3,853.0
-10.0
972.1
45.5
636.6
56.7
-3,827.7
-12.3
21.6
-140.5
-11.7
20.9
25.3
-17.9
20.8
64.9
11.2
20.6
58.9
4.9
16.4
-3.5
1.7
19.6
-34.9
12.4
-19.6
20.6
39.7
1.5
16.4
-11.3
1.5
19.7
-29.3
2.7
12.4
-24.8
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
56
57
58
59
60
61
Liabilities not identified as assets (-)
Treasury currency
Foreign deposits
Net interbank transactions
Security repurchase agreements
Taxes payable
Miscellaneous
Floats not included in assets (-)
62 Federal government checkable deposits
63 Other checkable deposits
64 Trade credit
56.3
120,838.9 121,700.8
65 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.
2. Excludes corporate equities and mutual fund shares.
40
Federal Reserve Bulletin Statistical Supplement • February 2007
2.12
OUTPUT, CAPACITY, AND CAPACITY UTILIZATION'
Seasonally adjusted
2006
2006
2006
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
109.5
111.2
112.3
112.1
134.9
135.7
136.5
137.3
81.2
82.0
82.3
81.7
2 Manufacturing
3
Manufacturing (NAICS)
111.5
112.3
113.0
113.9
114.2
115.2
113.7
114.6
139.2
140.6
140.2
141.6
141.1
142.6
141.9
143.5
80.1
79.8
80.6
80.4
80.9
80.8
80.1
79.9
4
5
117.9
112.5
120.6
116.4
122.2
114.3
121.9
106.4
150.5
130.0
152.1
129.4
153.6
128.7
155.1
128.0
78.3
86.5
79.3
89.9
79.5
88.8
78.6
83.1
107.4
112.7
156.5
109.0
115.0
166.3
110.4
120.4
174.3
110.1
119.5
180.6
136.1
144.7
210.9
136.4
145.6
218.5
136.8
146.6
225.8
137.2
147.6
233.2
78.9
77.9
74.2
79.9
79.0
76.1
80.7
82.1
77.2
80.3
81.0
77.4
104.6
103.8
106.3
103.8
106.8
101.2
105.9
100.1
124.1
133.0
124.5
133.4
125.1
133.8
125.6
134.0
84.3
78.1
85.3
77.8
85.4
75.6
84.3
74.7
117.0
106.1
109.1
95.6
121.2
106.5
109.2
93.9
124.8
107.6
109.5
92.6
127.6
106.6
111.0
89.0
158.9
129.9
133.9
120.0
159.8
130.3
134.4
119.1
160.8
130.6
135.0
118.3
161.8
130.9
135.6
117.5
73.6
81.7
81.5
79.7
75.8
81.8
81.2
78.9
77.6
82.4
81.1
78.3
78.8
81.5
81.9
75.7
98.6
110.0
109.0
105.2
98.0
98.1
108.8
110.4
106.6
98.4
98.7
113.3
112.0
107.1
97.4
98.7
110.2
109.4
104.4
99.2
115.9
121.7
140.2
120.3
116.5
115.7
121.8
140.6
121.2
116.8
115.5
121.6
140.9
122.3
117.0
115.3
121.3
141.2
123.4
117.3
85.1
90.4
77.8
87.4
84.2
84.8
89.3
78.5
87.9
84.3
85.4
93.1
79.5
87.5
83.2
85.6
90.9
77.5
84.6
84.5
20 Mining
21 Electric and gas utilities
98.6
102.7
100.5
106.1
100.6
107.3
101.3
108.4
110.3
122.9
110.4
123.6
110.7
124.3
111.0
125.1
89.4
83.5
91.0
85.9
90.9
86.4
91.2
86.7
MEMOS
22 Computers, communications equipment, and
semiconductors
179.2
192.7
204.8
216.6
238.4
249.5
260.2
271.4
75.2
77.2
78.7
79.8
23 Total excluding computers, communications
equipment, and semiconductors
106.4
107.7
108.5
107.9
130.4
130.8
131.3
131.8
81.6
82.3
82.6
81.9
24 Manufacturing excluding computers,
communications equipment, and
semiconductors
107.7
108.7
109.5
108.6
133.9
134.3
134.8
135.2
80.5
80.9
81.3
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 41
2.12
OUTPUT, CAPACITY, AND CAPACITY UTILIZATION' —CONTINUED
Seasonally adjusted
1973
1975
Previous cycle2
High
Low
High
Latest cycle3
2007
2006
2006
Series
Low
High
Low
Jan.
Aug.
Sept.
Oct.'
Nov.'
Dec'
Jan.'
Capacity ut lization rate (percent)4
1 Total Industry
88.9
74.0
86.5
70.8
85.0
78.5
81.1
82.4
82.0
81.7
81.5
81.8
81.2
2 Manufacturing
3
Manufacturing (NAICS)
88.3
88.4
71.6
71.4
86.2
86.2
68.5
67.8
85.4
85.3
77.1
76.9
80.3
80.0
81.1
80.9
80.9
80.7
80.1
79.8
79.9
79.6
80.4
80.2
79.6
79.4
89.4
101.9
69.6
69.6
86.7
90.5
62.9
47.0
84.5
93.8
73.3
74.6
78.4
86.7
79.8
89.0
79.3
87.8
78.4
85.2
78.3
82.8
79.0
81.4
77.7
81.0
91.6
94.6
69.7
74.5
82.8
92.7
61.8
58.0
81.6
85.2
72.6
73.9
78.6
77.6
80.9
82.5
80.7
82.1
80.6
80.2
80.1
79.7
80.1
82.9
80.0
79.3
86.9
66.0
89.9
76.9
81.4
75.9
74.3
77.1
77.7
77.7
77.2
77.3
77.3
99.3
95.6
67.9
54.6
91.9
95.2
64.6
44.9
89.1
89.7
77.0
56.0
84.5
78.5
86.0
76.4
83.9
75.4
84.1
72.6
83.7
75.1
85.0
76.4
84.8
72.0
75.9
87.6
67.9
72.3
87.0
85.8
69.0
75.6
87.1
86.8
81.1
81.6
73.2
82.0
77.5
82.3
77.7
82.5
78.2
81.6
78.8
81.2
79.5
81.7
80.2
81.4
86.3
89.5
77.5
61.8
84.4
89.6
80.6
72.6
85.9
91.2
81.0
77.7
81.7
79.9
80.7
78.5
81.5
77.4
81.7
76.3
82.1
75.4
81.9
75.4
81.1
74.5
96.7
92.2
85.3
96.1
86.0
74.0
80.8
69.1
61.8
75.5
95.4
91.9
83.6
90.1
88.0
81.3
70.7
67.7
71.8
86.3
92.5
89.0
85.1
89.8
91.0
86.1
83.1
80.1
76.4
80.6
86.6
91.6
77.8
87.4
84.8
85.5
92.8
79.8
87.6
82.9
86.0
94.9
79.2
86.4
83.0
85.2
90.9
78.0
84.8
85.0
85.2
89.5
77.2
84.1
84.9
86.5
92.2
77.3
84.9
83.8
86.0
95.0
76.7
85.3
84.1
20 Mining
21 Electric and gas utilities
93.6
96.3
87.6
82.7
94.0
88.2
78.7
77.6
86.1
92.7
83.5
84.0
89.5
80.4
90.2
87.5
91.2
83.9
91.0
88.0
90.7
87.3
91.9
84.8
90.8
86.6
MEMOS
22 Computers, communications
equipment, and semiconductors .
84.3
62.3
89.6
74.6
80.8
74.2
75.3
78.5
79.9
80.1
79.7
79.6
79.8
23 Total excluding computers,
communications equipment,
and semiconductors
89.1
74.4
86.7
70.6
85.4
78.7
81.5
82.8
82.3
82.0
81.7
82.1
81.5
24 Manufacturing excluding computers,
communications
equipment, and semiconductors .
88.4
71.9
86.4
68.1
85.9
77.2
80.7
81.4
81.1
80.3
80.1
80.6
79.8
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.
aiuc ui me i1 tact Hi i\.cjct vt utiLLtitn.
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 2007
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
109.1
109.4
110.0
110.9
110.9
111.9
112.3
112.5
112.2
112.0
111.9
112.5
58.9
31.1
8.9
4.7
0.4
1.5
2.4
22.2
18.3
9.8
0.9
5.0
2.1
3.9
111.2
106.9
105.5
99.4
170.1
104.4
108.1
107.2
107.6
109.4
79.6
110.4
101.6
106.3
09.3
05.7
06.6
02.0
57.5
05.7
08.0
05.3
06.5
09.0
79.5
08.0
00.8
02.2
109.5
106.0
106.2
100.9
162.2
106.2
107.6
105.8
106.0
108.6
78.8
107.5
99.4
105.5
110.2
106.7
106.8
102.3
162.0
106.4
107.3
106.5
106.7
108.9
79.0
109.2
99.8
106.5
111.0
106.8
107.0
101.2
176.6
106.7
108.0
106.6
107.7
109.7
80.2
110.1
101.7
103.8
110.8
106.4
106.0
99.9
174.3
106.0
107.6
106.4
106.7
108.6
79.9
109.1
100.8
105.8
111.9
107.6
107.4
102.8
177.0
104.5
107.9
107.6
107.1
108.3
80.3
110.7
101.6
109.3
112.2
107.4
105.1
97.9
172.4
104.2
109.1
108.1
107.9
109.1
81.0
111.6
101.6
109.0
112.5
107.8
106.2
99.6
168.2
105.4
109.5
108.2
107.7
108.7
79.5
112.4
101.0
109.8
112.2
107.6
105.4
98.4
174.1
103.4
109.2
108.2
108.3
109.8
79.1
112.1
102.0
108.4
112.0
107.3
102.8
94.5
171.1
102.0
108.3
108.7
108.7
110.2
80.0
111.6
104.7
109.0
112.1
107.6
104.4
98.2
174.2
101.8
107.5
108.5
108.8
111.0
79.1
110.7
104.0
107.8
112.8
107.7
106.0
100.4
181.9
102.0
108.2
108.1
108.7
110.8
79.4
110.8
103.2
106.5
112.4
107.5
103.5
96.0
184.3
101.4
107.2
108.7
108.2
109.9
80.4
110.2
104.0
110.7
16
17
18
19
20
Business equipment
Transit
Information processing
Industrial and other
Defense and space equipment
10.1
1.8
3.0
5.3
1.8
125.9
139.0
137.5
115.3
112.0
19.7
32.4
28.0
10.8
11.2
119.9
133.4
128.1
110.8
111.7
121.6
134.7
130.5
112.3
109.9
124.6
136.9
135.2
114.7
111.5
124.8
136.6
137.6
114.0
111.8
126.4
139.0
139.8
115.0
112.6
128.1
140.7
140.3
117.4
113.8
128.6
141.2
139.5
118.4
113.0
128.5
140.7
140.8
117.8
113.6
128.4
141.1
141.9
116.9
113.3
129.3
145.5
142.4
117.0
112.0
132.3
148.5
144.3
120.4
112.4
130.1
145.2
145.6
117.0
113.8
21
22
Construction supplies
Business supplies
4.3
11.2
110.3
110.5
11.3
08.7
110.7
108.8
111.4
109.4
111.6
110.1
111.1
109.9
111.1
110.8
111.6
111.2
111.3
111.5
110.3
110.8
108.4
111.9
107.4
111.4
109.3
111.7
108.2
111.7
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
41.1
30.7
19.1
4.1
6.7
8.4
11.6
0.8
2.7
4.5
10.4
111.1
115.7
123.5
100.7
160.0
109.6
103.9
86.2
100.5
109.4
100.0
08.8
13.9
20.1
01.3
47.0
10.0
04.2
89.3
00.7
09.0
97.1
109.3
113.8
120.5
101.0
148.6
109.9
103.5
89.2
99.4
108.5
98.7
109.6
114.3
121.4
102.1
151.4
109.8
103.3
88.3
99.6
108.5
98.5
110.9
115.7
123.4
104.2
154.7
110.9
104.1
87.7
100.0
109.2
99.4
111.0
115.6
123.3
101.4
155.7
111.3
103.9
87.0
99.7
110.0
100.2
111.9
116.4
124.3
102.2
158.0
111.6
104.4
86.9
100.3
110.3
101.1
112.5
117.0
125.2
100.2
163.0
111.4
104.6
87.2
100.6
111.1
101.7
112.6
117.6
125.9
101.1
166.6
110.6
104.9
86.7
100.8
111.7
100.9
112.2
117.4
125.9
100.0
168.5
110.1
104.5
84.8
101.4
110.5
100.0
112.0
116.4
124.9
97.5
169.6
108.6
103.7
83.8
100.9
108.5
101.3
111.6
115.7
124.1
97.6
170.2
106.7
103.0
82.6
100.9
107.3
101.8
112.0
116.5
125.0
99.3
171.2
107.4
103.7
83.0
103.1
107.9
101.3
115.6
124.0
95.6
171.4
106.8
102.9
81.0
102.0
107.3
101.2
06.1
09.4
106.3
109.8
106.8
110.3
107.6
111.4
107.4
111.4
108.3
112.3
108.6
113.1
108.7
113.2
108.2
112.9
107.9
113.0
107.7
112.6
108.2
113.1
107.6
112.9
SPECIAL AGGREGATES
34 Total excluding computers, communication
equipment, and semiconductors
35 Total excluding motor vehicles and parts . .
94.8
92.5
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 .
3,044.8
43.4
31.1
12.3
15.5
3,007.6
3,033.3
3,070.6
3,033.4
3,055.4
3,086.1
2,303.0 2,269.6 2,273.2 2,286.9 2,291.3 2,292.3 2,323.9 2,321.8 2,331.2 2,329.3 2,309.1 2,319.0 2,341.5 2,326.5
1,606.5 1,596.2 1,599.4 1,606.4 1,598.3 1,599.7 1,625.7 1,614.1 1,623.0 1,621.7 1,604.4 1,611.8 1,620.7 1,618.4
718.8
702.7
702.2
718.2
732.9
706.0
680.4
680.8
687.9
707.1
718.5
718.6
718.1
715.6
742.2
736.1
734.6
739.0
742.2
741.4
745.9
749.2
749.8
745.2
746.5
Selected Measures
2.13
INDUSTRIAL PRODUCTION
43
Indexes and Gross Value1—Continued
Monthly data seasonally adjusted
Group
NAICS
code2
2002
proportion
2006
2007
2006
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
79.0
113.0
113.9
111.5
112.3
111.2
112.0
111.7
112.6
112.8
113.7
112.6
113.5
113.5
114.5
113.9
114.9
114.3
115.4
114.3
115.3
113.4
114.3
113.4
114.2
114.3
115.3
113.5
114.4
321
43.4
1.5
120.5
107.4
117.5
115.0
117.6
113.4
118.5
112.9
120.3
111.3
120.1
111.1
121.3
109.3
121.7
109.3
122.6
107.4
122.2
104.8
121.2
100.4
121.5
98.0
123.0
99.4
121.4
98.2
327
331
332
333
2.3
2.3
5.8
5.3
112.5
112.4
108.9
117.1
115.0
112.9
106.9
112.1
114.5
112.6
107.3
112.0
114.1
111.8
108.1
114.0
114.5
114.3
109.4
116.2
113.3
117.1
108.4
114.1
114.0
117.7
109.1
114.8
113.4
115.7
109.9
119.6
113.3
114.5
110.7
121.0
110.6
112.8
110.5
120.6
109.1
109.2
110.5
118.1
109.1
106.0
109.9
117.6
110.7
104.0
110.0
122.7
107.7
103.5
110.0
117.6
334
8.0
169.2
154.7
156.0
158.9
164.0
165.8
169.1
171.6
174.0
177.2
179.3
180.0
182.4
184.4
335
3361-3
2.2
7.5
105.8
101.9
104.8
104.2
104.0
102.9
105.1
104.3
106.6
104.3
106.7
102.5
105.6
104.6
107.6
100.3
107.6
102.2
105.1
100.9
105.5
97.3
105.2
100.7
107.0
102.5
106.9
96.3
3364-9
3.6
122.4
116.1
117.8
117.3
120.1
120.9
122.4
124.5
124.6
125.2
126.3
127.4
129.0
130.3
337
339
1.8
3.3
104.6
116.9
104.0
114.2
104.4
115.0
104.9
114.8
105.5
115.9
106.4
115.7
106.6
116.5
104.9
116.9
106.4
118.1
104.7
118.0
104.2
118.8
103.3
120.0
102.3
121.0
102.4
120.0
35.6
106.7
106.4
105.9
105.9
106.3
106.1
107.0
107.4
107.5
107.8
106.7
106.3
106.9
106.7
311,2
313,4
315,6
322
323
11.4
1.4
1.0
3.1
2.4
109.7
92.7
80.8
98.5
103.3
109.3
96.2
81.0
100.4
101.3
108.8
95.8
80.2
98.3
101.8
109.2
94.7
80.3
97.2
102.3
110.2
94.3
81.4
97.6
103.9
108.7
93.8
81.2
97.8
102.7
108.6
93.5
81.4
99.0
103.0
109.4
93.6
82.3
98.0
102.7
108.9
92.8
80.6
98.7
102.7
110.1
91.3
80.2
99.3
103.1
110.6
89.8
80.9
98.3
104.1
111.3
88.6
80.1
98.2
104.3
111.2
88.4
80.4
99.6
105.9
110.3
87.2
81.3
99.0
104.4
324
325
1.8
10.8
110.5
110.2
111.3
109.0
110.4
108.7
108.4
109.4
105.3
110.1
108.9
110.0
112.3
111.1
111.7
111.8
112.8
112.4
115.3
111.7
110.4
110.1
108.5
109.0
111.7
109.2
114.9
108.4
326
3.8
105.6
104.9
105.0
105.6
106.9
105.9
106.9
108.1
107.1
106.1
104.4
103.8
105.0
105.9
1133,5111
4.9
98.0
98.7
97.6
97.8
99.0
98.0
98.1
98.1
97.0
97.2
99.6
99.6
98.3
98.8
21
2211,2
2211
2212
6.4
9.7
8.3
1.5
100.2
105.7
108.5
92.1
98.7
98.7
103.0
80.2
98.5
103.7
106.6
90.9
98.6
105.5
107.9
94.6
99.7
105.3
108.0
93.1
100.7
105.7
108.5
93.0
101.1
107.4
109.7
97.0
101.0
108.7
111.1
97.7
99.9
108.8
111.0
98.4
101.0
104.5
105.5
100.0
100.9
109.8
110.6
106.0
100.7
109.2
111.6
98.3
102.2
106.3
110.0
89.2
101.0
108.7
110.9
98.8
78.7
108.6
107.9
107.5
107.8
108.7
108.3
109.2
109.5
109.7
109.4
108.4
108.3
109.2
108.2
76.4
113.9
112.1
111.9
112.3
113.5
113.4
114.3
115.1
115.3
115.4
114.8
114.4
115.3
114.9
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. The data
are also available 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 December 2006. 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 2007
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
-527,514
-494,897
1,016,096
-1,510,993
36,593
42,292
112,789
-70,497
-5,699
-69,210
11 Change in U.S. government assets other than official
reserve assets, net (increase, - )
-665,286
-611,296
1,151,942
-1,763,238
27,592
33,635
123,867
-90,232
-6,043
-81,582
-791,508
-716,730
1,275,245
-1,991,975
11,293
17,598
134,417
-116,819
-6,304
-86,072
Q3
Q4
Q1
Q2
Q3
-183,415
-181,792
320,853
-502,645
7,841
9,463
40,371
-30,908
-1,622
-9,464
-223,109
-194,774
331,165
-525,939
-2,159
-581
32,642
-33,223
-1,578
-26,176
-213,198
-191,140
344,430
-535,570
-2,516
-894
34,295
-35,189
-1,622
-19,542
-217,127
-193,114
355,945
-549,059
-2,157
-534
38,057
-38,591
-1,623
-21,856
-225,550
-200,318
366,083
-566,401
-3,782
-2,164
35,806
-37,970
-1,618
-21,450
537
1,765
287
1,523
0
601
1,494
-572
-398
3,826
-623
4,511
10,200
-615
2,976
1,951
-161
-81
5,050
-173
-67
729
-149
-560
0
-51
-351
-158
1,006
0
-54
1,275
-215
-328,484
-13,014
-18,851
-146,722
-149,897
-872,317
-361,623
-120,017
-146,549
-244,128
-446,436
-213,018
-44,221
-180,125
-9,072
-138,647
-102,716
-29,483
-36,790
30,342
-15,911
10,368
-4,812
-47,266
25,799
-357,540
-196,407
-46,190
-53,692
-61,251
-212,580
-80,697
-31,199
-53,915
-46,769
-225,062
-85,663
-23,302
-53,034
-63,063
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
278,275
184,931
39,943
-517
48,643
5,275
387,809
263,338
41,662
-139
69,245
13,703
199,495
71,749
84,701
-488
24,275
19,258
33,983
8,213
17,713
395
824
6,838
71,934
37,418
23,786
-255
5,078
5,907
75,697
42,156
24,063
37
-821
10,262
75,869
-8,905
30,458
724
42,241
11,351
80,775
47,225
32,912
1,073
-7,207
6,772
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
586,494
97,207
96,526
91,455
16,640
220,705
63,961
1,062,412
336,740
93,250
102,940
14,827
381,493
133,162
1,012,755
179,849
30,105
199,491
19,416
474,140
109,754
354,609
94,912
20,271
37,239
4,679
153,049
44,459
181,416
2,141
-50,305
62,041
9,158
131,871
26,510
451,801
148,851
74,953
-5,212
1,932
186,009
45,268
288,707
79,586
25,082
9,784
1,127
127,285
45,843
319,386
89,116
53,496
-7,202
1,129
138,757
44,090
-3,321
-7,510
-2,261
85,128
-4,351
10,410
-557
-72,240
-17,549
-54,691
-514
-19,071
9,219
-28,291
-1,756
43,434
10,437
32,997
-1,003
64,929
-3,040
67,968
-551
49,709
-14,324
64,033
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
35 Capital account transactions, net5
36 Discrepancy
37
Due to seasonal adjustment
38
Before seasonal adjustment
MEMO
Changes in official assets
39 U.S. official reserve assets (increase, - )
40 Foreign official assets in United States, excluding line 25
(increase, +)
1,523
2,805
14,096
4,766
4,796
513
-560
1,006
278,792
387,948
199,983
33,588
72,189
75,660
75,145
79,702
41 Change in Organization of Petroleum Exporting Countries official
assets in United States (part of line 22)
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
2006
Asset
2004
2005
2007
2006
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.p
1 Total
86,824
65,127
65,895
67,935
67,559
66,606
66,217
65,588
66,705
65,895
65,063
2 Gold stock1
3 Special drawing rights2-3
4 Reserve position in International Monetary
Fund2
5 Foreign currencies4
11,045
13,582
11,043
8,210
11,041
8,870
11,041
8,618
11,041
8,644
11,041
8,726
11,041
8,655
11,041
8,676
11,041
8,890
11,041
8,870
11,041
8,786
19,479
42,718
8,036
37,838
5,040
40,943
7,906
40,370
7,460
40,414
6,715
40,124
6,619
39,902
5,577
40,294
5,309
41,465
5,040
40,943
4,855
40,381
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
2006
Asset
2004
2005
June
1 Deposits
Held in custody
2 U.S. Treasury securities2
3 Earmarked gold3
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.'
80
83
98
142
88
89
98
104
90
98
90
1.041.215
8,967
1.069.014
8,967
1.133.969
8,967
1,089,512
8,967
1,095,248
8,967
1,116,941
8,967
1.098.848
8,967
1.111.991
8,967
1,116,038
8,967
1.133.969
8,967
1.146.680
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
2007
2006
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
2006
2005
Item
2005
2006
1
June "
1
1 Total
2,166,212' 2,312,731
By type
2 Liabilities reported by banks in the United States2
296.647
201,863
U.S. Treasury bonds and notes
5
Nonmarketable4
6 U.S. securities other than U.S. Treasury securities5
By area
7 Europe1
1 077 122
948
589,632'
368,516
7,211
128,006
1 615 757
17,214
29,502
9 Latin America and Caribbean
11 Africa
282,533
176,829
r
LIABILITIES TO, AND CLAIMS ON, FOREIGNERS
Payable in Foreign Currencies
Oct.'
Nov.'
Dec'
2,268,318
2,279,330
2,312,731
296.759
179,394
266.964
178,474
263.767
186,164
282.533
176,829
Sept.'
Dec.
2,109,144' 2,166,212' 2,273,704
1,954,620
288,792
204,912
296.647
201,863
288,792
204,912
r
r
1 139 652
1,026
712,691
1 030 763
911
429,242
1 052 742
911
561,787'
1 077 122
948
589,632'
1 114 081
1,006
682,464
1 132 544
1,013
689,323
1 133 560
1,019
694,820
1 139 652
1,026
712,691
385,895
6,117
164,405
1 705 699
15,151
35,458
364,413
7,569
113,245
1 417 229
14,551
37,433
350,973
6,679
122,989
1 575 240
15,247
38,010
368,516
7,211
128,006
1 615 757
17,214
29,502
357,767
6,505
157,176
1 701 825
18,823
31,602
364,969
6,536
158,404
1 690 259
15,634
32,510
372,961
6,956
164,007
1 684 006
17,824
33,570
385,895
6,117
164,405
1 705 699
15,151
35,458
1. For data before June 2006, 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
June
8
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 2005 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
2005
Item
2002
2003
2006
2004
Dec.
Mar.
June
Sept.
2
3
Deposits
Other liabilities
80,543
n.a.
n.a.
63,119
36,674
26 ,AAi
98,349
52,410
45,939
91,693
59,241
32,452
96,086
60,726
35,360
100,448
64,735
35,713
100,508
67,143
33,365
5
Deposits
71,724
34,287
37,437
81,669
38,102
43,567
129,544
51,029
78,515
98,852
43,942
54,910
107,999
49,340
58,659
107,808
48,673
59,135
97,704
39,652
58,052
8
Deposits
35,923
7,907
28,016
21,365
5,064
16,301
32,056
8,519
23,537
56,100
20,931
35,169
67,362
24,110
43,252
88,716
26,928
61,788
88,076
35,110
52,966
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 2007
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
12 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'"
3,334,918
3,390,774
3,368,740
3,401,120' 3,460,189
3,594,508
3,502,346
!,082,981
2,299,950
1,595,689 2,471,586
2,501,874
2,475,948
2,518,666' 2,577,112
2,694,398
2,595,689
955,072
1,127,909
665,127
828,535
1,043,801
1,256,149
713,327
1,268,940
1,326,749
761,595
906,657
1,316,178
769,110
863,332
1,329,179
782,552
888,900
1,345,539
784,614
892,792
1,229,626
1,365,363' 1,347,486
805,214
791,120
882,454
883,077
1,328,610
1,365,788
806,512
1,268,940
1,326,749
761,595
250,803
250,713
254,497
2,911,516
318,783
3,502,346
780,957
259,843
360,162
319,598
242,154
366,152
357,003
900,110
906,657
246,225
255,712
250,803
348,652
355,388
362,639
48,260
152,789
194,583
53,594
136,783
201,516
65,272
113,755
293,215
57,078
144,070
252,457
58,559
136,006
268,251
61,615
121,856
274,318
59,876
116,927
283,297
60,128
104,177
288,200
64,253
105,747
289,010
65,272
113,755
293,215
15,654
10,363
6,098
4,265
5,291
1,879
20,793
15,612
8,361
7,251
5,181
1,085
29,085
25,430
19,021
6,409
3,655
800
33,157
25,096
17,846
7,250
8,061
4,158
29,425
23,096
16,192
6,904
6,329
2,222
28,165
20,350
14,792
5,558
7,815
2,522
30,971
25,655
18,901
6,754
5,316
1,327
30,220
25,570
19,988
5,582
4,650
814
32,845
28,676
18,977
9,699
4,169
1,281
29,085
25,430
19,021
6,409
3,655
800
3,412
4,096
2,855
3,903
4,107
5,293
3,989
3,836
2,888
2,855
515,586
145,516
26,613
118,903
498,510
170,984
45,426
125,558
459,362
176,660
50,959
125,701
490,161
181,354
42,323
139,031
495,814
188,251
44,788
143,463
479,277
175,873
49,120
126,753
476,153'
185,043'
50,291
134,752'
445,438
166,051
50,595
115,456
449,931
164,617
51,274
113,343
459,362
176,660
50,959
125,701
370,070
245,199
327,526
201,863
282,702
176,829
308,807
185,138
307,563
186,321
303,404
189,963
291,110
179,394
279,387
178,474
285,314
186,164
282,702
176,829
26 Banks10 . .
27
Banks' own liabilities
28
Deposits2
29
Other
30
Banks' custody liabilities4
31
U.S. Treasury bills and certificates5 . .
32
Other negotiable and readily
transferable instruments'"
33
Other
,574,793
,354,437
773,703
580,734
220,356
26,978
1,792,040
1,566,967
841,248
725,719
225,073
23,771
>, 153,274
1,823,052
1,022,653
800,399
330,222
31,053
,986,475
,703,032
932,483
770,549
283,443
23,816
52,400
140,978
48,776
152,526
57,668
241,501
54,173
205,454
53,624
221,271
54,027
227,087
53,477
235,691
34 Other foreigners''
35
Banks' own liabilities
36
Deposits2
37
Other
805,483
572,665
148,658
424,007
769,564
546,387
148,766
397,621
860,625
570,547
176,307
394,240
825,125
562,104
162,756
399,348
840,734
567,219
161,650
405,569
841,624
566,694
161,387
405,307
38
39
40
232,818
44,727
223,177
33,124
290,078
42,121
263,021
37,601
273,515
39,356
136,192
51,899
142,188
47,865
196,345
51,612
178,460
46,960
187,180
46,979
19 Official institutions9
20
Banks' own liabilities
21
Deposits2
22
Other
23
24
25
Banks' custody liabilities4
U.S. Treasury bills and certificates5
Other negotiable and readily transferable
instruments'"
Banks' custodial liabilities
U.S. Treasury bills and certificates5
Other negotiable and readily
transferable instruments'" . . .
Other
123,669
99,150
105,873
2,054,116' 2,127,693 2,228,188
1,740,369' 1,804,247 1,904,976
917,828'
990,352 1,081,721
823,255
822,541'
813,895
323,212
313,747
323,446
27,612
26,558
24,579
2,153,274
1,823,052
1,022,653
800,399
330,222
31,053
56,512
240,376
55,293
240,307
57,668
241,501
839,880
567,599
166,283
401,316
856,838
581,244
168,691
412,553
883,544
596,129
176,638
419,491
860,625
570,547
176,307
394,240
274,930
38,613
272,281
36,854
275,594
40,379
287,415
40,655
290,078
42,121
189,134
47,183
188,110
47,317
187,539
47,676
198 059
48,701
196,345
51,612
121,242
2,024,801 2,019,674
1,723,308 1,713,031
950,065
905,110
773,243
807,921
301,493
306,643
26,598
25,529
MEMO
42 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. Beginning with data for June 2006, also
includes the Bank for International Settlements.
9. Foreign central banks and foreign central governments. Before June 2006, also includes
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.
AREA OR COUNTRY
43 Total, all foreigners
2,911,516
3,080,907
3,502,346
3,334,918
3,390,774
3,368,740
3,401,120' 3,460,189' 3,594,508' 3,502,346
44 Foreign countries ..
2,895,862
3,060,114
3,473,261
3,301,761
3,361,349
3,340,575
3,370,149' 3,429,969' 3,561,663' 3,473,261
,050,895
4,355
13,512
3,147
1,088
81,852
54,822
1,178
64,050
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
36,129
1,229,338
3,604
16,022
1,537
3,612
71,486
58,960
1,200
68,660
7,075
61,065
14,502
27,921
2,716
101,335
9 535
4,771
140,140
9,895
563,253
29,559
119
32,371
1,210,785
3,792
14,528
931
3,203
68,908
57,197
1,629
83,124
7,316
72,804
24,641
42,289
2,250
62,845
9,026
3,709
28,481
10,539
657,703
32,778
295
22,796
1,298,526
6,218
14,282
1,649
3,101
73,669
60,273
1,297
74,843
6,298
66,025
22,984
61,452
2,912
76,290
8,910
3,681
81,879
7,857
675,506
27,313
196
21,893
1,269,651
5,817
16,760
1,833
1,040
78,134
60,515
1,358
74,665
6,847
67,831
26,300
55,473
3,197
69,530
9,102
3,170
51,769
8,606
675,461
26,909
202
25,133
1,236,687
4,336
15,060
2,233
1,243
72,884
55,476
1,135
76,614
7,197
67,185
23,287
53,355
2,320
53,397
8,465
3,753
36,083
10,155
692,700
26,916
236
22,658
1,236,557
3,855
14,940
2,329
942
68,106
57,121
1,565
75,118
5,826
73,581
23,254
57,219
2,441
49,160
7,502
3,838
40,053
9,850
691,747
27,549
249
20,314
34,248
33,552
44,139
39,751
41,342
43,684
44,875
48,171
48,075
44,139
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
133,637
9,674
11,900
8,961
6,477
3,393
1,643
42,532
5,262
3,051
4,939
27,261
8,544
155,844
10,474
16,384
16,825
11,630
3,150
1,387
45,341
7,071
4,253
6,102
22,642
10,585
157,006
10,226
16,840
12,580
11,276
2,769
1,426
53,415
5,396
3,316
5,828
22,662
11,272
158,993
10,035
18,458
13,987
11,916
2,737
1,616
50,753
5,817
4,120
5,767
22,819
10,968
151,330
10,237
14,915
14,119
10,513
2,626
1,539
50,015
5,906
3,380
5,499
22,361
10,220
152,637
10,292
14,439
15,768
10,642
2,857
1,498
49,399
5,840
3,649
5,623
22,746
9,884
154,205'
10,710'
16,087'
16,189'
10,932
3,028
1,489'
46,964'
5,554'
4,072
6,013
23,452'
9,715
160,389'
10,667
20,362
17,070
11,509
2,846
1,411
46,140
6,802
3,763
5,835
23,779'
10,205
155,844
10,474
16,384
16,825
11,630
3,150
1,387
45,341
7,071
4,253
6,102
22,642
10,585
1,212,209
186,097
92,577
n.a.
884,980
110
829
5,863
1,624
40,129
1,214,058
211,459
52,132
n.a.
907,840
120
916
6,396
2,830
32,365
1,597,321
250,777
51,291
16,250
1,241,227
83
986
8,425
3,096
25,186
1,388,995
226,716
45,648
15,496
1,068,671
125
757
9,870
2,934
18,778
1,452,444
228,300
44,701
14,596
1,135,566
127
828
6,419
2,856
19,051
1,455,489
237,324
45,782
14,849
1,127,938
127
937
5,947
2,698
19,887
1,485,985
238,602
50,925
15,433
1,151,046
127
1,047
6,154
2,760
19,891
420,635
408,192
420,082
368,723
388,023
400,990
403,659'
400,431'
406,200'
420,082
52,767
42,788
11,154
5,903
11,214
167,008
12,421
2,949
26,496
11,355
38,257
38,323
46,439
33,972
13,702
4,212
9,802
156,245
27,094
3,776
23,252
9,961
49,463
30,274
44,457
43,082
18,791
4,377
7,239
127,392
27,781
3,793
22,886
8,317
68,124
43,843
35,028
28,380
15,855
4,033
6,749
129,886
21,471
3,946
17,719
11,574
61,734
32,348
38,950
31,607
16,625
4,568
6,768
135,662
21,865
3,565
21,350
11,038
64,742
31,283
50,295
35,300
16,409
4,685
6,359
134,286
21,871
3,069
20,010
10,255
66,736
31,715
55,025
34,808
14,857
5,359
9,553
127,292
23,031
3,292
23,181'
9,982
68,456
28,823
47,014'
32,534'
15,692'
3,286
8,812'
129,027
23,029'
3,454
18,996'
7,862
71,109
39,616
46,677
39,089
18,344
3,852
6,796
127,192'
21,835
3,453
19,454'
8,324'
70,830'
40,354
44,457
43,082
18,791
4,377
7,239
127,392
27,781
3,793
22,886
8,317
68,124
43,843
106 Africa
107
Egypt
108
Morocco
"
109
South Africa
110
Oil-exporting countries21
Other
14,580
2,711
156
3,284
4,326
4,103
20,095
4,953
138
3,049
6,858
5,097
14,674
2,253
198
1,389
4,438
6,396
18,465
4,228
154
1,614
6,918
5,551
19,797
3,409
206
1,610
6,919
7,653
19,688
2,772
198
1,892
7,830
6,996
18,350
2,325
174
1,452
8,277
6,122
13,825
1,576
162
1,357
4,448
6,282
17,274
2,681
168
1,725
5,270
7,430
14,674
2,253
198
1,389
4,438
6,396
112 Other countries .
113
Australia
114
New Zealand22
115 All other
27,325
23,391
3,429
505
21,242
17,769
3,007
466
30,416
24,878
4,500
1,038
30,295
25,164
4,485
646
31,099
25,919
4,351
829
32,707
27,033
4,844
830
22,021
5,206
859
28,841
23,482
4,038
1,321
28,820
23,541
4,116
1,163
30,416
24,878
4,500
1,038
116 International and regional organizations . . .
117
International23
118
Regional24
15,654
11,542
4,112
20,793
15,684
5,109
29,085
24,837
4,248
33,157
28,330
4,827
29,425
24,388
5,037
28,165
21,970
6,195
30,971
25,746
5,225
30,220
25,095
5,125
32,845
28,566
4,279
29,085
24,837
4,248
45 Europe
46
Austria
47
Belgium13
48
Denmark
49
Finland
50 France
51
Germany
52
Greece
53
Ireland
54
Italy
55 Luxembourg13
56
Netherlands
57
Norway
58 Portugal
59
Russia
60
Spain
61
Sweden
62
Switzerland
63 Turkey
64
United Kingdom
65
Channel Islands and Isle of Man14
66
Yugoslavia15
67
Other Europe and other former U.S.S.R."'
1,255,507'
3,880
15,854
1,022
855
66,783
55,419'
1,389
75,348
7,181
73,488
28,804
41,057
2,502
45,982
9 085'
5,016
27,463
9,159
729,836'
33,200
307
21,878
,283,439' 1,210,785
3,792
4,418
14,528
19,340'
931
1,892
3,203
1,038
68,908
69,714
57,197
57,038
2,293
1,629
83,124
77,023'
7,316
9,845
72,804
76,007
24,641
32,644
42,289
36,471
2,250
2,641
62,845
53,168
9,026
8,187
3,967
3,709
28,481
26,864
10,534
10,539
657,703
737,128'
32,778
31,833
295
273
22,796
21,122
MEMO
68 European Union17
69 Canada
70 Latin America
Argentina
71
72
Brazil
73
Chile
74
Colombia
75
Ecuador
76
Guatemala
77
Mexico
78 Panama
79
Peru
80
Uruguay
81
Venezuela
82
Other Latin America15
83 Caribbean
84
Bahamas
85
Bermuda
86
British Virgin Islands15
87
Cayman Islands19
88
Cuba
89 Jamaica
90
Netherlands Antilles .
91
Trinidad and Tobago .
92
Other Caribbean15 . . .
93 Asia
Ch
94
Mainland . .
95
Hong Kong .
96
India
97
Indonesia
98
Israel
99 Japan
Korea (South) .
100
Philippines . . .
101
102
Tai«
103 Thailand
104
Middle Eastern oil-exporting countries20
105
Other
1,114,383' 1,021,732
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. For data prior to June 2006, also includes the Bank for International Settlements and
the European Central Bank.
17. As of May 2004, the European Union includes Austria, Belgium, Cyprus, the Czech
Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy,
Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Slovakia, Slovenia,
Spain, Sweden, and the United Kingdom. Data available beginning in June 2006.
1,528,989' 1,617,466' 1,597,321
250,777
264,546'
241,822'
48,949'
50,075
51,291
16,250
16,296'
15,989'
1,189,963 1,254,417' 1,241,227
83
81
128
986
996
832
8,425
5,202
6,056
3,096
2,725
2,832
25,186
24,561
20,985
18. Before January 2001, data for "Other Latin America" and "Other Caribbean" were
combined in "Other Latin America and Caribbean." Before June 2006, data for the British
Virgin Islands were included in "Other Caribbean."
19. Beginning January 2001, data for the Cayman Islands replaced data for the British
West Indies.
20. Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab
Emirates (Trucial States).
21. Comprises Algeria, Gabon, Libya, and Nigeria.
22. Before January 2001, these data were included in "All other."
23. Principally the International Bank for Reconstruction and Development. Excludes
"holdings of dollars" of the International Monetary Fund. Beginning with data for June 2006,
also includes the Bank for International Settlements.
48
Federal Reserve Bulletin Statistical Supplement • February 2007
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
1,664,223
1,864,834
2,188,745
2,041,749
2,067,468
2,056,363
2,085,433' 2,151,332' 2,267,420' 2,188,745
2 Foreign countries
1,658,247
1,857,584
2,179,571
2,031,902
2,061,116
2,049,528
2,076,763' 2,143,019' 2,260,268' 2,179,571
806,546
4.429
7,751
735
11,840
90,941
26,196
94
14,023
16,906
5,864
22,090
25,517
1,576
1,089
8,452
17,027
114,167
2,542
404,844
26,878
3,585
918,660
4,139
11,900
864
9,247
88,873
30,027
97
16,426
18,482
8,201
20,958
14,688
832
1,264
8,372
9,452
143,892
3,270
487,492
32,566
7,618
1,079,504
4,283
13,579
1,032
9,433
112,370
18,063
250
24,721
30,990
7,112
29,001
31,223
921
1,746
9,734
8,905
105,301
3,697
623,851
36,885
6,407
1,005,498
4,846
18,790
1,295
11,128
105,319
20,467
130
15,898
18,789
10,260
24,043
24,613
830
1,390
7,717
9,249
115,738
3,293
575,363
29,277
7,063
1,000,177
5,156
14,308
773
11,742
103,489
21,397
125
16,110
20,438
9,881
32,078
25,049
799
1,509
7,546
10,187
138,553
3,406
541,784
29,864
5,983
988,217
6,168
13,198
944
8,495
96,245
19,859
170
19,722
23,705
10,097
22 395
26,840
801
1,656
8,102
10,140
108,507
3,421
572,941
29,790
5,021
3 Europe
4
Austria
5
Belgium2
6
Denmark
7
Finland
8
France
9
Germany
10
Greece
11
Ireland
12
Italy
13 Luxembourg2
14
Netherlands
15
Norway
16 Portugal
17
Russia
18
Spain
19
Sweden
20
Switzerland
21
Turkey
22
United Kingdom
23
Channel Islands and Isle of Man3
24
Other Europe and other former U.S.S.R.4 . .
1,037,875'
4,134
13,788
300
12,739
103,456
16,222'
143'
18,997'
25,425
10,064
24,499
26,988
832
1,669
9,714
10,122
132,205
3,611
586,730'
30,272
5,965
1,058,647'
5,357
12,916
426
10,230
105,888
18,352'
161'
21,473'
25,978
9,705
27,835
28,146
840
1,598
12,344
11,317
148,223
3,467
578,495'
31,249
4,646
1,121,287'
4,957
13,099
10/169
115,018
18,220'
129'
21,145'
28,645
8,029
29,311
27,825
941
2,076
12,019
9,385
153,550
3,359
622,391'
34,567
4,822'
1,079,504
4,283
13,579
1,032
9,433
112,370
18,063
250
24,721
30,990
7,112
29,001
31,223
921
1,746
9,734
8,905
105,301
3,697
623,851
36,885
6,407
MEMO
898,029'
841,599'
800,479
899,074
25 European Union5
n.a.
26 Canada
51.088
64,104
71,266
67,568
65,519
74,656
65,427
71,556
73,512
71,266
27 Latin America
28 Argentina
29
Brazil
30
Chile
31
Colombia
32
Ecuador
33
Guatemala
34
Mexico
35 Panama
36
Peru
37
Uruguay
38 Venezuela
39
Other Latin America1"
40 Caribbean
41
Bahamas
42
Bermuda
43
British Virgin Islands'"
44
Cayman Islands7
45
Jamaica
46
Netherlands Antilles
47
Trinidad and Tobago
48
Other Caribbean1"
49.378
2,220
14,094
6,213
2,645
469
866
13,440
1,939
1,529
403
2,844
2,716
51,170
2,290
15,111
6,642
2,438
582
872
14,601
2,076
1,226
464
2,273
2,595
58,425
2,704
19,825
6,474
2,470
636
1,015
16,568
2,314
1,446
347
2,289
2,337
54,556
2,349
15,585
6,900
2,620
544
892
17,318
2,449
1,240
412
1,991
2,256
53,988
2,570
16,290
6,503
2,549
536
845
16,519
2,341
1,194
407
2,013
2,221
55,634
2,193
18,532
6,427
2,597
551
845
16,440
2,210
1,298
353
1,948
2,240
53,380
2,170
14,386
6,758
2,671
579
883
17,088
2,314
1,320
517
2,369
2,325
63,067
3,326
23,017
6,649
2,645
583
918
17,095
2,246
1,500
407
2,230
2,451
64,783
2,627
25,289
6,171
2,644
637
972
17,432
2,587
1,498
422
2,192
2,312
58,425
2,704
19,825
6,474
2,470
636
1,015
16,568
2,314
1,446
347
2,289
2,337
596,931
80,183
33,294
n.a.
469,166
351
5,554
755
7,628
620,474
113,458
17,846
n.a.
475,227
444
4,444
907
8,148
732,855
120,592
20,813
2,232
579,184
635
2,477
1,043
5,879
702,854
161,802
19,776
2,760
509,257
569
4,276
902
3,512
735,167
158,311
23,687
2,149
537,352
520
7,127
787
5,234
709,169
156,648
22,208
2,277
513,286
674
8,009
730
5,337
687,262
135,513
21,574
2,179
517,768
665
3,945
745
4,873
725,794'
140,932
21,676
3,220
550,503'
645
2,417
807
5,594
776,919'
157,311
24,149
3,678
582,159'
647
2,313
723
5,939
732,855
120,592
20,813
2,232
579,184
635
2,477
1,043
5,879
142,656
190,610
221,472
185,818
190,850
204,840
216,171'
206,467'
207,894'
221,472
9,267
5,622
2,117
555
1,326
82,207
15,531
993
10,589
1,144
7,022
6,283
14,807
8,412
2,518
440
4,288
106,377
17,254
1,790
8,626
7,796
12,330
5,972
15,384
6,737
2,827
518
5,315
140,288
24,448
973
3,166
5,717
10,568
5,531
19,556
9,781
1,835
551
3,986
103,439
17,509
1,247
4,004
7,825
10,294
5,791
21,194
9,057
1,985
378
4,077
104,852
20,639
846
4,558
7,315
10,805
5,144
19,603
9,451
2,174
367
5,199
119,158
18,658
1,093
4,790
7,016
11,427
5,904
15,223
9,202
2,646
439
4,851
123,353'
28,978
1,094
5,563
7,342
10,585
6,895
8,043
9,055
2,343
506
8,616
127,450'
23,461
847
4,082
5,953
9,672
6,439
9,274
9,803
2,583
464
5,435
133,283'
22,506
803
2,975
5,616
9,868
5,284
15,384
6,737
2,827
518
5,315
140,288
24,448
973
3,166
5,717
10,568
5,531
1,262
228
53
318
223
440
1,621
422
63
331
317
488
1,829
597
56
247
401
528
1,948
587
75
435
297
554
2,073
608
59
576
312
518
1,888
603
69
309
332
575
1,980
601
48
282
323
726
1,837
589
95
259
345
549
1,768
592
53
195
338
590
1,829
597
56
247
401
528
10,386
9,695
609
82
10,945
10,226
541
178
14,220
12,821
1,157
242
13,660
12,431
827
402
13,342
12,565
615
162
15,124
14,258
656
210
14,668
13,549
901
218
15,651
14,433
1,004
214
14,105
13,244
647
214
14,220
12,821
1,157
242
5,976
7,250
9,174
9,847
6,352
6,835
8,670
8,313
7,152
9,174
49 Asia
China
50
Mainland
51
Hong Kong
52
India
53
Indonesia
54
Israel
55 Japan
56
Korea (South)
57
Philippines
58 Taiwan
59
Thailand
60
Middle Eastern oil-exporting countries5 . . .
61
Other
62 Africa
63 Egypt
64
Morocco
65
South Africa
66
Oil-exporting countries9
67
Other
68 Other countries
69
Australia
70
New Zealand10
71
Allother
72 International and regional organizations"
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. For data prior to June 2006, also includes the Bank for International Settlements and the
European Central Bank.
5. As of May 2004, the European Union includes Austria, Belgium, Cyprus, the Czech
Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy,
Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Slovakia, Slovenia,
Spain, Sweden, and the United Kingdom. Data available beginning in June 2006.
6. Before January 2001, "Other Latin America" and "Other Caribbean" were reported as
combined "Other Latin America and Caribbean." Before June 2006, data for the British
Virgin Islands were included in "Other 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. Includes the International Bank for Reconstruction and Development, as well as
African, Asian, Caribbean, European, Latin American, and Middle Eastern regional organizations. Beginning with data for June 2006, also includes the Bank for International Settlements.
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
2006
Type of claim
2004
2005
2006
June
1 Total claims reported by banks
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 instruments'" . .
10
Other claims
July
Aug.
2 067 468
85,417
1 554 521
427,530
2 056 363
85,329
1 544 333
426,701
2,549,682
Sept.
Oct.'
Nov.'
Dec.p
2 151 332
85,105
1 629 531
436,696
2 267 420
87,216
1 717 388
462,816
2 188 745
97,441
1 625 637
465,667
2,026,841
2,289,197
1 664 223
71,892
1 187 954
404,377
1 864 834
72,919
1 391 775
400,140
362,618
152,520
107,533
88,423
14,142
424,363
172,727
91,196
140,863
19,577
668,255
3,970
748,320
2,414
938,831
2,733
899,456
1,871
892,468
2,214
883,383
2,505
900,343
2,790
925,905
2,678
995,845
2,856
938,831
2,733
3,888
988,110
1,097,873
7,324
1,106,776
1,304,277
11,369
1,235,812
1,577,256
8,565
1,131,857
1,477,657
11,003
1,161,783
1,440,564
11,054
1,159,421
1,450,626
7,840
1,174,460'
1,514,185
12,542
1,210,207
1,550,636
12,140
1,256,579
1,648,015
11,369
1,235,812
1,577,256
479,422
482,090
538,408
503,064
519,137
523,308
522,664
524,891
554,104
538,408
2 188 745
97,441
1 625 637
465,667
2 041 749
82,997
1 540 071
418,681
2,642,919'
507,933
218,775
109,700
155,604
23,854
2 085 433'
97,221
1 574174
414,038'
557,486
200,929
141,757
191,609
23,191
MEMO
11 Non-negotiable deposits7
12 Negotiable CDs7
13 Other short-term negotiable
instruments7
14 Other claims7
15 Own foreign offices5
16 Loans collateralized by repurchase
agreements9
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 2007
3.22
LIABILITIES TO UNAFFILIATED FOREIGNERS
the United States
Reported by Nonbanking Business Enterprises in
Millions of dollars, end of period
Type of liability, and area or country
Sept.
1 Total
67,664
73,700
92,009
84,565
71,802
66,468
76,710
75,888
77,775
By type
2 Financial liabilities
3
Short-term negotiable securities'
39,561
n.a.
43,610
14,002
62,847
11,759
51,809
9,027
35,918
9,576
29,347
5,438
39,249
9,050
34,707
5,454
33,293
6,334
51,088
42,782
23,909
30,199
n.a.
n.a.
8,561
10,099
4 Other liabilities'
Of which:
5
Borrowings'
6
Repurchase agreements'
7
8
9
10
11
12
13
14
15
16
17
18
19
20
By currency
U.S. dollars
Foreign currency2
Canadian dollars
Euros
United Kingdom pounds sterling
Japanese yen
All other currencies
By area or country
Europe
Belgium-Luxembourg
France
Germany
Netherlands
Switzerland
United Kingdom
n.a.
n.a.
n.a.
n.a.
18,844
20,717
n.a.
n.a.
n.a.
n.a.
n.a.
15,515
28,095
1,431
10,372
11,425
2,493
2,374
29,575
33,272
2,399
9,067
18,337
1,564
1,905
19,378
32,431
2,296
11,159
15,532
1,379
2,065
21,917
14,001
1,786
4,604
2,202
1,222
4,187
17,794
11,553
1,860
4,017
2,741
1,401
1,534
24,003
15,246
2,354
4,052
3,169
2,018
3,653
19,631
15,076
1,407
6,242
2,676
1,338
3,413
19,160
14,133
1,064
3,564
2,963
1,212
5,330
34,335
144
5,243
2,923
1,825
61
22,531
34,832
709
3,543
3,531
284
517
23,886
38,690
775
1,349
2,911
363
514
29,473
35,304
590
1,550
5,276
413
282
25,017
22,474
633
1,087
2,832
128
114
13,091
16,799
547
1,044
2,425
379
53
9,861
22,697
342
761
2,533
406
124
12,712
16,719
451
597
3,062
432
237
9,648
16,685
340
1,328
2,410
453
371
10,431
MEMO:
21
Euro area3
22
Canada
23
24
25
26
27
28
29
30
31
32
33
Latin America and Caribbean
Bahamas
Bermuda
Brazil
British West Indies4
Cayman Islands
Mexico
Venezuela
Asia
Japan
Middle Eastern oil-exporting countriesf
34
35
Africa
Oil-exporting countries'"
36
All other7
11,211
591
1,239
2,433
2,283
2,080
2,058
2,530
1,897
1,565
1,504
23
990
65
365
n.a.
31
4,235
0
711
242
n.a.
3,114
34
3
16,196
0
8,715
208
n.a.
7,178
26
18
9,076
0
801
263
n.a.
7,871
30
8,012
0
115
240
n.a.
7,569
8
0
6,679
0
77
69
n.a.
6,489
28
0
7,603
0
991
70
n.a.
6,446
25
1
9,683
0
769
56
n.a.
8,744
23
0
8,590
1
238
69
n.a.
8,189
28
0
2,932
1,832
14
2,547
1,826
36
4,724
1,648
36
4,347
1,365
33
3,211
1,161
3,640
1,304
35
5,323
1,383
173
5,321
1,083
206
5,612
1,265
647
131
91
123
92
131
94
132
95
107
96
122
96
997
97
1,022
98
Nonbank-Reported Data
3.22
LIABILITIES TO UNAFFILIATED 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.
37 Commercial liabilities
38 Trade payables
39
Advance payments and other liabilities .
40
41
42
43
44
45
46
47
48
49
50
51
52
53
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-Luxembourg
France
Germany
Netherlands
Switzerland
United Kingdom
28,103
14,699
13,404
30,090
17,174
12,916
29,162
18,181
10,981
32,756
21,321
11,435
35,884
22,497
13,387
37,121
23,785
13,336
37,461
23,050
14,411
41,181
26,199
14,982
44,482
29,281
15,201
26,243
1,860
n.a.
n.a.
n.a.
n.a.
n.a.
27,632
2,458
199
787
606
209
657
25,811
3,351
224
1,058
704
296
1,069
29,533
3,223
200
1,026
634
314
1,049
33,010
2,874
143
1,028
585
119
999
34,513
2,608
155
1,014
391
284
764
34,725
2,736
171
989
471
308
797
38,233
2,948
182
1,142
484
300
840
41,007
3,475
742
1,158
415
304
856
8,257
141
765
781
590
433
2,649
9,821
159
900
855
384
1,367
3,025
9,030
123
1,019
1,024
305
564
3,407
9,861
100
1,600
1,020
322
739
3,376
10,729
103
1,669
965
402
893
3,203
11,344
124
1,816
1,006
329
1,106
3,442
10,574
109
1,870
1,113
489
1,113
2,882
11,373
86
2,004
1,092
625
708
3,526
11,599
138
1,921
1,245
422
911
3,328
MEMO
54
Euro area3
4,200
4,198
3,730
55
Canada
1,588
2,166
2,145
2,143
2,179
2,836
2,375
2,855
3,611
56
57
58
59
60
61
62
63
Latin America and Caribbean
Bahamas
Bermuda
Brazil
British West Indies4
Cayman Islands
Mexico
Venezuela
3,073
51
538
253
36
n.a.
1,170
177
3,406
14
513
233
n.a.
40
1,298
329
4,276
515
113
n.a.
101
1,942
433
4,894
66
511
97
n.a.
29
2,154
640
5,360
79
774
127
n.a.
76
2,210
522
5,228
74
621
143
n.a.
100
1,921
738
5,748
70
713
218
n.a.
76
2,209
680
5,763
82
688
163
n.a.
219
2,746
499
7,101
64
851
220
n.a.
629
2,798
467
64
65
66
Asia
Japan
Middle Eastern oil-exporting countriesf
13,382
4,292
3,979
13,311
4,370
3,148
12,239
4,221
2,910
14,339
5,317
3,855
16,127
5,671
4,221
16,408
5,892
3,862
17,427
5,971
3,986
19,956
6,089
5,431
20,395
6,182
5,344
67
68
Africa
Oil-exporting countries'"
827
405
782
372
947
424
935
447
1,009
627
851
459
916
493
714
342
1,296
755
69
All other7
1. Data available beginning March 2003. For data on borrowings and repurchase agreements, data available on a consistently defined basis beginning in June 2006.
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.
5,286
5,523
5. Comprises Bahrain, Iran, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emir
ates (Trucial States).
6. Comprises Algeria, Gabon, Libya, and Nigeria.
7. Includes international and regional organizations.
52
Federal Reserve Bulletin Statistical Supplement • February 2007
3.23
CLAIMS ON UNAEFILIATED FOREIGNERS
the United States
Reported by Nonbanking Business Enterprises in
Millions of dollars, end of period
Type of claim, and area or country
Sept.
1 Total
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
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
By area or country
Europe
Belgium-Luxembourg
France
Germany
Netherlands
Switzerland
United Kingdom
102,566
100,916
143,232
146,034
129,812
135,339
144,950
129,849
135,306
71,389
n.a.
n.a.
67,347
35,465
3,204
110,517
47,270
9,892
113,673
51,735
11,912
97,140
48,354
8,894
104,213
49,477
11,845
111,394
50,149
13,180
94,843
40,565
12,365
98,694
42,436
12,787
n.a.
44,064
157
28,678
103
53,355
94
50,026
173
39,892
42,891
65
48,065
2
41,913
18
43,471
n.a.
n.a.
14,199
7,298
n.a.
n.a.
n.a.
n.a.
65,070
6,319
n.a.
n.a.
n.a.
n.a.
n.a.
57,894
9,453
912
2,776
3,242
831
1,692
67,445
43,072
1,329
20,651
9,219
7,345
4,528
69,849
43,824
7,216
17,593
7,687
6,111
5,217
61,778
35,362
10,031
9,331
7,527
3,826
4,647
66,405
37,808
10,837
10,256
8,695
3,880
4,140
75,802
35,592
9,348
9,308
7,635
3,537
5,764
60,724
34,119
7,823
8,160
8,325
3,510
6,301
75,526
23,168
8,549
4,953
4,726
610
4,330
29,018
722
3,247
4,245
3,648
383
10,663
28,970
391
3,049
2,859
2,789
617
11,438
48,714
2,177
1,452
5,386
7,389
978
23,982
53,001
2,651
3,177
7,126
7,692
827
25,105
38,627
1,930
4,593
3,040
1,696
1,185
17,414
41,844
784
4,323
1,967
3,271
1,249
21,870
42,736
1,743
2,752
2,729
3,033
1,152
22,111
36,023
1,286
1,639
2,315
3,148
1,441
20,096
36,998
580
2,867
2,453
1,721
1,409
22,340
17,012
15,067
MEMO:
23
24
Euro area3
Canada
25
26
27
28
29
30
31
32
33
34
35
Latin America and Caribbean
Bahamas
Bermuda
Brazil
British West Indies4
Cayman Islands
Mexico
Venezuela
Asia
Japan
Middle Eastern oil-exporting countriesf
36
37
Africa
Oil-exporting countries'"
38
All other7
5,013
5,311
6,412
11,361
11,905
14,290
13,372
12,052
13,072
29,612
1,038
724
2,286
21,528
2,921
104
26,215
1,049
564
1,832
n.a.
20,015
1,629
131
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
38,915
3,436
1,316
1,480
n.a.
30,437
1,384
62
39,763
3,676
1,113
1,664
n.a.
30,263
1,950
156
45,063
1,590
1,590
1,950
n.a.
36,355
2,019
159
37,323
2,368
1,572
1,655
n.a.
29,238
1,424
163
38,390
3,802
1,597
1,703
n.a.
29,145
1,182
148
5,358
1,277
79
5,317
1,194
158
6,840
993
137
7,680
981
133
6,120
784
114
6,546
610
93
7,223
568
242
6,566
496
251
7,518
665
705
395
25
419
12
306
8
290
16
282
23
345
55
1,291
37
1,268
36
1,123
36
1,448
1,291
1,115
Nonbank-Reported Data
3.23
CLAIMS ON UNAEFILIATED FOREIGNERS
the United States—Continued
53
Reported by Nonbanking Business Enterprises in
Millions of dollars, end of period
Type of claim, and area or country
Sept.
39 Commercial claims
40
Trade receivables
41
Advance payments and other claims .
31.177
26,385
4,792
33,569
28,618
4,951
32,715
29,229
3,486
32,361
27,844
4,517
32,672
28,576
4,096
31,126
27,535
3,591
33,556
29,231
4,325
35,006
30,534
4,472
36,612
32,267
4,345
By currency
Payable in U.S. dollars
Payable in foreign currencies2
Canadian dollars
Euros
United Kingdom pounds sterling . .
Japanese yen
All other currencies
26,481
4,696
n.a.
n.a.
n.a.
n.a.
n.a.
25,494
8,075
1,557
1,542
1,187
589
3,200
27,439
5,276
512
1,561
1,586
238
1,379
27,608
4,753
499
1,530
1,110
239
1,375
28,347
4,325
407
1,442
1,098
153
1,225
27,881
3,245
341
1,167
509
196
1,032
29,898
3,658
481
1,335
706
187
949
30,867
4,139
444
1,777
736
126
1,056
32,959
3,653
465
1,424
692
150
922
14,187
269
3,164
1,202
1,490
503
3,727
14,552
247
2,816
1,273
395
1,921
3,928
13,457
257
2,261
1,401
494
1,528
3,742
13,369
366
2,865
1,476
490
1,283
3,295
13,096
402
2,233
1,477
461
1,319
3,119
12,183
396
2,023
1,438
339
1,358
3,053
12,084
470
2,311
1,509
354
724
2,677
14,480
480
2,308
1,472
649
743
4,601
14,055
419
2,404
1,681
480
666
4,094
Euro area3
8,849
7,340
57
Canada
2,790
3,070
2,017
2,137
2,139
2,001
2,750
2,323
2,730
58
59
60
61
62
63
64
65
Latin America and Caribbean
Bahamas
Bermuda
Brazil
British West Indies4
Cayman Islands
Mexico
Venezuela
4,346
31
287
750
19
n.a.
1,259
288
5,153
26
460
903
n.a.
52
1,339
230
6,477
55
650
935
n.a.
160
2,018
319
6,509
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
6,757
41
648
6,993
35
731
947
n.a.
200
2,220
409
7,866
39
1,166
981
n.a.
488
1,897
378
66
67
68
Asia
Japan
Middle Eastern oil-exporting countriesf
7,324
2,341
818
7,352
1,757
888
8,943
1,855
1,071
8,447
1,918
1,146
9,245
1,930
1,317
8,561
1,717
1,271
10,073
2,128
1,558
9,196
2,167
1,419
10,196
2,159
1,843
69
70
Africa
Oil-exporting countries'"
584
95
636
138
629
154
767
205
873
226
788
234
830
258
917
313
964
315
71
All other7
42
43
44
45
46
47
48
49
50
51
52
53
54
55
By area or country
Commercial claims
Europe
Belgium-Luxembourj
France
Germany
Netherlands
Switzerland
United Kingdom . . .
MEMO
2,806
1. Data available beginning March 2003. For data on loans and repurchase agreements,
data available on a consistently defined basis beginning in June 2006.
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.
6,739
1,009
n.a.
61
2,089
1,097
5. Comprises Bahrain, Iran, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emir
ates (Trucial States).
6. Comprises Algeria, Gabon, Libya, and Nigeria.
7. Includes international and regional organizations.
54
Federal Reserve Bulletin Statistical Supplement • February 2007
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
2 Foreign sales
4,731,749
4,649,799
6,903,574
6,753,729
6,903,574
6,753,729
621,723'
623,366'
539,824'
525,413'
562,165'
547,526'
642,661'
615,669'
610,618
603,655
573,252
584,852
26,992'
7,979'
149,845
3 Net purchases, or sales (-)
583,110'
575,131'
81,993
954
149,801
5,766
149,801
5,766
-l,643 r
1,178
14,409'
1,624'
7,977'
207
14,636'
-682
26,993'
-407
6,963
-2,098
-11,604
-499
39,592
5,757
7,675
-3,278
1,660
7,924
-2,326
1,334
19,775
350
16,549
-103
15,414
1,789
8,399
-528
1,050
72
281
72
96,552
1,622
21,738
-8,164
-1,775
11,611
-5,428
1,194
75,464
96
11,822
2,151
35,021
7,965
-4,486
465
-465
-668
89
687
96,552
1,622
21,738
-8,164
-1,775
11,611
-5,428
1,194
75,464
96
11,822
2,151
35,021
7,965
-4,486
465
-465
-668
89
687
474
190
-870
-4,303
32
237
13
-347
4,978
1,195
2,754
-140
-6,793'
771
1,323
-22
305
447
-5
-27
7,136
-67
206
-87
345
415
17
138
6,113
136
1,955
-133
4,436'
1,080'
-315
12
482
-310
-4
254
9,501
375
2,239
-819
-182
252
169
513
6,481
-149
14
-208
-1,914'
491
48
-50
26
434
1
44
11,290'
167
893
865'
25
93
267
-222
9,893
-148
355
68
5,463'
-300
-2,285
-52
-252
-790
-87
132
15,367
-399
6,128
1,267
-560
426
-2,005
-379
11,306
-88
915
200
12,472'
418
-1,993
403
-55
-741
-111
-275
3,300
-781
2,889
-7
-287
1,367
-927
-1,156
2,127
74
838
-55
5,938
-487
-2,742
-76
-432
-218
26
145
-10,077
-272
974
-5,300
-1,574
233
-679
228
-1,598
-944
290
343
-1,157
218
-1,316
444
-396
-677
-22
117
1,097,458
878,202
1,572,175
1,281,415
1,572,175
1,281,415
125,726'
102,720'
123,739'
104,202'
127,242'
93,765'
123,864'
98,660'
127,603'
111,493'
140,619
124,852
154,126
126,089
28 Foreign sales
219,256
290,760
290,760
23,006'
19,537'
33,477'
25,204'
16,110'
15,767
28,037
29 Net purchases, or sales (-)
218,983
31,629
290,519
88,770
290,519
88,770
22,860'
5,209
19,628'
11,853'
33,611'
9,777'
25,201'
16,055'
5,260
15,792
3,955
28,074
15,506
55,564
-398
500
5,938
3,591
1,583
1,259
-1,971
40,819
54
12,476
15,473
17,304
1,810
115,851
22,986
16,289
59,140
-103
608
88,802
-193
-261
4,471
4,175
5,045
-648
-181
53,552
1,530
11,684
14,181
40,343
6,788
127,739
35,605
32,109
45,062
-118
1,100
-193
-261
4,471
4,175
5,045
-648
-181
53,552
1,530
11,684
14,181
40,343
6,788
127,739
35,605
32,109
45,062
-118
1,100
11,081
-7
-404
370
1,465
595
-363
-90
7,406
-45
1,895
900
-2,367'
369
10,779
5,345
2,395
3,095
31
172
-2,863
-44
128
-286
455
655
-62
40
-3,044
-59
1,135
3,465
5,402'
925
11,232
4,133
2,207
4,273
-25
357
10,288
-19
344
84
481
323
52
21
5,251
284
400
-267
7,766'
1,443
14,062
4,948
3,699
3,214
-19
-62
759
436
819
1,018'
-39
21
4,708
13
919
810
3,743'
575
10,579
2,545
1,422
5,004
4
17
6,611
-45
8
190
-583
-149
-368
215
3,477
501
698
-87
1,964'
11
6,784
1,156
2,363
3,857
25
49
4,578
-70
-66
805
58
-299
13
-171
3,765
694
498
1,920
4,501
-488
4,854
610
1,132
2,534
-23
-48
10,340
-75
857
270
679
187
155
131
6,770
293
1,812
5,289
2,754
1,140
6,771
383
3,599
-578
-36
4
1,277,006
904,784
1,668,587
1,165,616
1,668,587
1,165,616
135,320'
94,430'
96,550'
76,005'
131,907'
92,142'
157,606'
98,648'
149,072'
108,285'
176,737
111,341
167,469
131,480
54 Foreign sales
372,222
502,971
502,971
40,890'
20,545'
39,765'
58,958'
40,787'
65,396
35,989
55 Net purchases, or sales (-)
369,370
19,141
501,895
28,523
501,895
28,523
40,902'
1,575
20,620'
1,007'
39,327'
2,752'
58,984'
1,830'
40,777'
2,006
65,192
3,640
36,390
2,864
241,709
3,625
13,156
6,488
12,184
4,610
2,772
3,742
168,881
16,570
2,279
7,203
40,488
1,022
69,910
26,130
11,012
25,617
394
6,365
305,682
-635
21,626
-11,919
13,934
4,691
3,379
9,965
240,657
10,397
8,182
10,035
92,798
5,282
72,477
31,251
14,802
12,713
-150
7,589
305,682
-635
21,626
-11,919
13,934
4,691
3,379
9,965
9,965
10,397
8,182
10,035
92,798
5,282
72,477
31,251
14,802
12,713
-150
7,589
26,271
-216
798
709
1,619
689
453
1,480
18,818
1,233
1,147
1,030
5,835'
938
4,865
2,293
1,140
-166
60
756
8,517
-344
1,535
-354
788
-141
76
1,220
6,028
-283
-604
440
7,192'
633
4,520
1,529
1,411
933
22
-100
18,930
-1,458
2,910
31
423
-386
145
1,015
14,345
-81
440
1,578
10,868'
946
6,473
2,319
1,006
2,055
116
-24
45,249'
162
3,029
836
3,000'
1,968'
69'
635
30,891'
3,107'
775'
1,024
7,607'
-486
3,982
1,869
669
268
63
770
25,083
-138
3,423
-2,948
1,434
-519
1,135
1,139
19,782
883
-158
977
8,876'
-56
5,691
1,367
1,776
1,468
31
333
43,228
-32
2,636
708
2,630
605
61
2,585
33,471
-660
1,317
762
9,998
827
8,920
3,334
1,403
2,377
56
84
13,107
-349
3,060
-14,867
25
188
608
377
20,747
1,612
1,304
680
12,464
70
8,791
3,639
1,615
2,318
-435
409
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Foreign countries
Of which: by foreign official institutions . . .
Europe
Belgium
France
Germany
Ireland
Luxembourg
Netherlands
Switzerland
United Kingdom
Channel Islands and Isle of Man
Canada
Latin America
Caribbean
Middle East Oil Exporters'
Other Asia
China, Mainland
Hong Kong
Japan
Africa
Other countries
26 International and
regional organizations2
U.S. GOVERNMENT AGENCY BONDS
27 Foreign purchases
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
Foreign countries
Of which: by foreign official institutions . . .
Europe
Belgium
France
Germany
Ireland
Luxembourg
Netherlands
Switzerland
United Kingdom
Channel Islands and Isle of Man
Canada
Latin America
Caribbean
Middle East Oil Exporters'
Other Asia
China, Mainland
Hong Kong
Japan
Africa
Other countries
7,872
8,554'
52 International and
regional organizations2
CORPORATE BONDS 3
53 Foreign purchases
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
Foreign countries
Of which: by foreign official institutions . . .
Europe
Belgium
France
Germany
Ireland
Luxembourg
Netherlands
Switzerland
United Kingdom
Channel Islands and Isle of Man
Canada
Latin America
Caribbean
Middle East Oil Exporters'
Other Asia
China, Mainland
Hong Kong
Japan
Africa
Other countries
78 International and
regional organizations3
1,076
Securities Holdings and Transactions
3.24
55
FOREIGN TRANSACTIONS IN SECURITIES—Continued
Millions of dollars
2006
Transaction, and area or country
2005
2006
2006
Jan.Dec.
June
July'
Aug.
Sept.
Oct.
Nov.'
Dec'
6,457'
287,599'
281,142'
-9,241'
281,210'
290,451'
-8,356'
346,249'
354,605'
-19,778
342,699
362,477
-18,940
326,212
345,152
Foreign securities
79 Stocks, net purchases or sales (-) 4
-127,296
2.240.104
2,367,400
80 Foreign purchases
82 Bonds, net purchases or sales (-) 4
-106,347
3,699,449
3,805,796
-106,347
3,699,449
3,805,796
2,172'
323,827'
321,655'
-3,216
262,693
265,909
-45,095
-139,675
-139,675
-10,091'
-18,537
-9,364'
-13,558'
-6,691'
-17,583
-28,458
83 Foreign purchases
1,459,882
1 504 977
1,868,994
2,008,669
1,868,994
2,008,669
143,862'
153,953'
123,918
142,455
139,924'
149,288'
145,881'
159,439'
162,901'
169,592'
190,822
208,405
195,057
223,515
85 Net purchases, or sales (-) of stocks and bonds4
-172,391
-246,022
-246,022
-7,919'
-21,753
-2,907'
-22,799'
-15,047'
-37,361
-47,398
86 Foreign countries
87 Europe
-165,403
-81,669
-15,952
-46,382
-4,559
-23,487
5,474
-45,551
-32,842
-1,668
-13,943
-250,469
-217,150
-47,792
-158,028
-18,776
-12,564
25,223
-17,474
2,233
-1,771
-7,957
-250,469
-217,150
-47,792
-158,028
-18,776
-12,564
25,223
-17,474
2,233
-1,771
-7,957
-7,886'
-21,118
-8,795
-10,968
1,724
320
3,953'
7,785
3,284
135
-685
-21,382
-24,670
-9,075
-17,103
-1,542
555
-8
2,877
1,091
362
1,044
-5,657'
-10,511
698
-8,439
-3,303
1,005
2,017'
4,986
1,542
-28
177
-24,840'
-20,304
-3,414
-17,127
-839
43
-80'
-2,103
-863
96
-1,653
-15,094'
-18,519
-4,052
-9,041
-1,297
-2,153
9,176'
-1,312
-665
248
-1,237
-37,442
-33,019
-6,363
-25,667
691
-2,787
3,539
-2,657
1,816
-92
-3,117
-47,141
-36,772
-8,145
-26,691
-2,543
-2,189
1,073
-6,571
-5,495
-349
210
-6,988
4,447
4,447
81
-257
89
United Kingdom
91 Latin America
93 Asia
95 Africa
97 Nonmonetary international and
regional organizations2
1. Comprises oil-exporting countries as follows: Bahrain, Iran, Iraq, Kuwait, Oman, Qatar,
Saudi Arabia, and United Arab Emirates (Trucial States).
2. Includes the International Bank for Reconstruction and Development, as well as
African, Asian, Caribbean, European, Latin American, and Middle Eastern regional organizations. Beginning with data for June 2006, also includes the Bank for International Settlements.
3.25
MARKETABLE U.S. TREASURY BONDS AND NOTES
-33
-371
2,750
2,041
47
3. Includes state and local securities. Also includes issues of new debt securities sold
abroad by U.S. corporations organized to finance direct investment abroad.
4. Net foreign sales (-) of foreign securities are equivalent to net U.S. purchases of foreign
securities.
5. Comprises Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg,
Netherlands, Portugal, and Spain. As of December 2001, also includes Greece.
Foreign Transactions1
Millions of dollars; net purchases, or sales (-), during period
Area or country
Jan.Dec.
Aug.
Sept.
1 Total reported
338,112
24,690'
34,120'
2 Foreign countries
3
Of which: by foreign official institutions
335,160
68,689
197,443
62,530
197,443
62,530
28,670'
29,158'
-4,702
10,785'
8,239'
44,224'
16,882'
1,668'
7,706
24,858'
18,463
33,505'
1,016
10,666
6,092
173,638
500
9,559
14,497
1,246
2,046
-6,095
6,414
1,832
-4,904
134,118
419
14,006
21,452
99,815
580
-1,600
1,471
-1,293
-1,290
690
5,129
703
-2,884
92,605
-96
5,800
17,955
99,815
580
-1,600
1,471
-1,293
-1,290
690
5,129
703
-2,884
92,605
-96
5,800
17,955
22,921
-220
-1,200
1,198
702
-542
526
-6,493
10
59
26,306
1
2,574
594
-2,531
147
-2,356
1,200
0
85
-1,089
7,497
191
-289
-11,383
76
3,390
14,190
113
-1,803
818
1,475
-550
-830
4,003
32
238
10,626
-128
196
5,801
7,089'
-370
-2,430
1,375
-521
593'
726'
1,922
-547
-438
6,894'
-235
120
2,001
20,927
-91
5,379
-38
655
-265
410
13,370
-908
25
-24
234
2,180
-1,388
20,548'
-99
2,628
-610
-526
-555
280
6,121
-153
-898
14,554'
-44
-151
-2,623
8,171
-1
-494
-29
-2,786
-28
1,309
-4,071
174
-1,828
16,705
-258
-521
717
3,054
4,476
-1,138
59
-343
-2,202
994
-3,720
211
313
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Europe
Belgium
France
Germany
Ireland
Luxembourg
Netherlands
Norway
Sweden
Switzerland
United Kingdom
Channel Islands and Isle of Man
Other Europe and former U.S.S.R. . .
Canada
18
19
20
21
22
Latin America
Brazil
Mexico
Venezuela
All other Latin America
23,368
12,269
9,756
518
825
21,869
23,100
-308
242
-1,165
21,869
23,100
-308
242
-1,165
-3,258
424
-4,094
1
411
-1,447
-1,643
678
-48
-434
10,214
11,244
-1,670
-18
658
3,210'
1,990
592
-22
650'
491
1,434
-874
43
-112
23
Caribbean
44,997
-9,576
-9,576
4,305'
11,572'
-3,967'
-9,779'
2,293'
15,608'
-16,775
24
25
26
27
28
29
30
Asia
China, Mainland
Hong Kong
Japan
Korea
Middle East Oil Exporters2
All other Asia
68,317
37,369
12,313
-5,015
1,459
2,063
20,128
66,422
37,709
16,234
2,015
6,768
4,183
-487
66,422
37,709
16,234
2,015
6,768
4,183
-487
4,264
3,098
431
918
1,019
1,606
-2,808
2,281
1,741
-182
398
133
-1,029
16,828
4,953
1,961
11,365
-922
-540
11
-541
1,501
-898
-3,432
2,420
-81
-51
2,073
3,140
260
781
-702
-2,538
1,132
-2,760
-798
678
-256
-833
-1,097
-454
21,131
7,187
1,671
8,645
-825
1,199
3,254
2,222
2,027
3,593
2,400
3,593
2,400
406
769
460
417
414
101
163
-1
641
-6
-562
-744
188
1,166
-2,635
-2,635
-74
-359
744
-475
-179
240
2,952
1,114
1,114
-488
371
-121
-13'
-168
615
31
Africa
32
African oil exporters3
33
Other countries
34
International and regional organizations
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. Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab
Emirates (Trucial States).
-4
-564
-85
3. Comprises Algeria, Gabon, Libya, and Nigeria.
4. Includes the International Bank for Reconstruction and Development, as well as
African, Asian, Caribbean, European, Latin American, and Middle Eastern regional organizations. Beginning with data for June 2006, also includes the Bank for International Settlements.
56
Federal Reserve Bulletin Statistical Supplement • February 2007
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
2006
Item
2004
2005
2006
July
Aug.
Sept.
Oct.
Nov.
Dec.
0.7549
2.1679
1.1161
7.9334
5.8633
1.2722
7.7825
46.01
117.21
3.6699
10.989
0.6551
6.5008
1.5803
7.4465
952.29
102.595
7.2844
1.2455
32.904
37.427
1.8839
2,144.60
0.7544
2.1458
1.1285
7.9018
5.9085
1.2617
7.7849
45.36
118.61
3.6762
10.885
0.6621
6.6591
1.5775
7.6300
952.64
105.718
7.3338
1.2602
33.194
37.281
1.8765
2,144.60
0.7728
2.1555
1.1359
7.8622
5.7858
1.2888
7.7816
44.73
117.32
3.6413
10.913
0.6693
6.3991
1.5558
7.2455
935.41
107.720
7.0612
1.2356
32.808
36.501
1.9125
2,144.60
0.7858
2.1476
1.1532
7.8219
5.6452
1.3205
7.7733
44.48
117.32
3.5477
10.855
0.6933
6.1826
1.5401
7.0345
924.98
107.791
6.8398
1.2099
32.512
35.694
1.9629
2,144.60
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
0.7365
2.9262
1.3017
8.2768
5.9891
1.2438
7.7891
45.26
108.15
3.8000
11.290
0.6643
6.7399
1.6902
6.4402
1,145.24
101.268
7.3480
1.2428
33.372
40.271
1.8330
1,886.13
0.7627
2.4352
1.2115
8.1936
5.9953
1.2449
7.7775
44.00
110.11
3.7869
10.894
0.7049
6.4412
1.6639
6.3606
1,023.75
100.383
7.4710
1.2459
32.131
40.252
1.8204
2,107.13
0.7535
2.1738
1.1340
7.9723
5.9422
1.2563
7.7681
45.19
116.31
3.6661
10.906
0.6492
6.4095
1.5882
6.7668
954.32
103.940
7.3718
1.2532
32.507
37.876
1.8434
2,144.60
0.7528
2.1883
1.1294
7.9897
5.8826
1.2681
7.7734
46.37
115.77
3.6679
10.983
0.6178
6.2617
1.5837
7.0688
950.81
103.957
7.2654
1.2376
32.617
37.969
1.8443
2,144.57
0.7631
2.1553
1.1182
7.9722
5.8236
1.2810
7.7762
46.45
115.92
3.6730
10.874
0.6348
6.2423
1.5754
6.9503
960.95
103.669
7.1890
1.2318
32.761
37.587
1.8941
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
113.63
85.37
110.71
83.71
108.52
82.46
108.37
81.94
107.64
81.18
107.92
81.59
108.21
82.36
107.34
81.48
106.53
80.89
143.38
138.89
135.38
135.92
135.39
135.37
134.79
134.06
133.03
27 Broad (March 1973=100)s
28 Major currencies (March 1973=100)s
29 Other important trading partners (March
1973=100)7
99.51
91.08
97.86
90.89
96.71
90.82
97.55'
90.87'
96.90'
90.06'
96.52'
90.21'
96.07'
90.61'
94.81'
89.33'
93.98
88.62
119.86
116.16
113.43
115.40'
114.93'
113.79'
112.16'
110.78'
109.73
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. dollars 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.
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, 2005
December 31,2005
March 31,2006
June 30, 2006
September 30, 2006
December
March
June
September
December
2005
2006
2006
2006
2006
58
58
58
58
58
Supplement
Supplement
Supplement
Supplement
Supplement
Terms of lending at commercial banks, 4.23
February 2006
May 2006
August 2006
November 2006
May
August
November
February
2006
2006
2006
2007
58
58
58
58
Supplement
Supplement
Supplement
Supplement
Assets and liabilities of U.S. branches and agencies offoreign banks, 4.30
December 31,2005
March 31,2006
June 30, 2006
September 30,2006
May
August
November
February
2006
2006
2006
2007
64
64
64
64
Supplement
Supplement
Supplement
Supplement
August 2001
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
2003
2004
2005
2006
A70
70
60
60
Bulletin
Supplement
Supplement
Supplement
September
September
September
September
2003
2004
2005
2006
A73
73
63
63
Bulletin
Supplement
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,
1996-2002
1997-2003
1998-2004
1999-2005
4.34-4.411
4.42-4.45
4.46-4.48
Community development lending reported under the Community Reinvestment Act, 4.49
2002
2003
2004
2005
*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 2007
4.23
TERMS OF LENDING AT COMMERCIAL BANKS Survey of Loans Made, November 6-10, 2006
A. Commercial and industrial loans made by all commercial banks'
Weightedaverage
effective
loan rate
(percent)4
Amount of
loans
(millions
of dollars)
6.88
5.80
6.34
6.84
7.92
73,140
6,656
11,243
31,386
12,812
514
2 197
951
647
282
By maturity/repricing interval
6 Zero interval
7
Minimal risk
8
Low risk
9
Moderate risk
10
Other
7.55
6.38
7.25
7.34
8.79
19,631
1,492
1,772
8,921
3,653
11 Daily
12
Minimal risk
13 Low risk
14
Moderate risk
15
Other
6.32
5.50
6.09
6.35
7.45
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
25.3
8.2
15.2
23.1
40.4
79.3
75.2
88.8
72.5
89.8
11.0
3.0
10.5
12.4
14.9
4.9
4.5
6.2
57.8
24.6
45.4
48.9
83.3
87.4
97.6
75.4
92.8
93.8
9.1
2.0
11.8
10.0
9.9
18.1
4.6
11.5
17.3
47.6
43.8
60.2
76.6
29.8
8.0
18.8
3.4
15.0
19.7
32.8
69.7
72.3
87.8
53.1
86.0
11.4
.4
7.8
16.9
24.9
508
353
478
499
359
38.2
5.8
16.2
43.2
46.3
37.1
50.7
50.9
31.7
35.2
5.5
.7
4.2
4.1
8.9
82.9
41.1
95.4
82.1
82.9
11.9
10.9
11.9
13.2
14.0
643
414
609
569
809
657
596
359
856
368
41.0
33.5
30.3
47.5
54.4
23.1
37.3
40.0
25.2
10.9
9.6
6.2
7.5
3.6
20.2
82.5
98.4
91.4
72.2
95.7
12.8
18.9
13.6
10.1
17.4
506
194
1 400
682
545
62
47
39
68
50
42.2
53.9
10.0
24.4
85.8
51.6
38.0
86.0
65.3
7.9
22.2
26.9
1.7
22.5
46.0
71.4
56.6
96.9
46.6
11.5
9.6
12.9
11.5
12.9
Weightedaverage risk
rating3
Weightedaverage
maturity/
repricing
interval2
83.2
72.7
46.7
21.3
9.7
13.1
27.0
37.3
70.3
65.7
32.9
9.5
84.0
89.8
87.7
72.8
7.2
9.8
13.1
10.5
89.4
75.9
10.2
11.3
Secured by
collateral
Subject to
prepayment
penalty
442
568
602
37.1
24.4
20.6
33.1
61.4
30.4
44.1
57.0
25.6
14.8
279
2,068
347
370
151
529
392
737
52.8
83.6
51.0
38.9
76.7
20,836
3,901
4,591
9,283
1,867
786
5 536
1,885
959
244
236
67
203
228
332
6.52
5.89
6.19
6.47
7.26
16,603
853
2,348
7,231
3,173
980
1,912
1,827
1,492
441
21 31 to 365 days
22
Minimal risk
23 Low risk
24
Moderate risk
25
Other
6.93
6.27
6.86
6.86
7.61
9,531
350
1,228
3,185
2,580
26 More than 365 days
27
Minimal risk
28 Low risk
28
Moderate risk
30
Other
7.47
6.90
5.72
7.87
8.27
6,354
56
1,291
2,717
1,519
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
8.67
8.15
7.20
6.32
2,781
9,789
18,767
41,803
3.3
3.2
3.2
2.6
164
178
147
165
Average size
(thousands
of dollars)
BASE RATE OF LOAN 7
35 Prime
36 Other
Footnotes appear at end of table.
8.42
6.36
18,522
54,618
3.3
2.7
110
180
62.7
28.4
9.3
37.5
191
1211
Financial Markets
4.23
TERMS OF LENDING AT COMMERCIAL BANKS
59
Survey of Loans Made, November 6-10, 2006—Continued
B. Commercial and industrial loans made by all domestic banks'
Weightedaverage
effective
loan rate
(percent)4
Amount of
loans
(millions
of dollars)
7.22
5.82
6.61
7.08
8.25
48,506
2,524
6,152
22,947
9,660
350
887
552
485
217
By maturity/repricing interval
6 Zero interval
7
Minimal risk
8
Low risk
9
Moderate risk
10
Other
7.59
6.98
7.21
7.32
8.73
18,022
350
1,672
8,764
3,444
11 Daily
12
Minimal risk
13 Low risk
14
Moderate risk
15
Other
6.71
5.37
6.66
6.56
8.42
10,631
1,455
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*
35.8
15.0
23.8
30.1
51.5
78.2
47.1
86.0
73.1
93.8
12.2
10.1
15.6
12.6
12.9
4.8
4.5
6.4
60.3
81.4
43.5
47.9
83.9
86.2
89.8
73.9
92.7
93.4
9.5
6.0
11.9
9.7
9.8
29.2
10.8
42.7
16.4
89.6
16.1
14.6
37.3
11.3
4.7
32.3
4.6
42.9
28.1
60.7
57.7
25.7
82.9
49.8
92.9
17.9
3.0
29.4
18.6
16.6
632
505
625
762
470
45.8
4.1
26.7
40.6
80.6
20.5
16.1
24.4
13.4
29.2
10.9
1.5
8.5
7.6
15.0
88.7
54.9
94.4
89.4
95.6
12.8
10.2
13.4
15.4
11.9
667
360
409
1,005
325
60.0
46.7
43.8
66.3
68.3
19.5
41.3
43.6
17.0
6.0
13.5
2.9
11.2
5.4
25.8
84.3
97.7
86.6
70.4
96.5
13.3
26.7
10.6
11.2
17.0
62
47
39
42.1
53.9
10.0
24.4
86.2
51.3
38.0
86.0
65.3
6.5
22.3
26.9
1.7
22.5
46.7
71.6
56.6
96.9
46.6
89.9
11.5
9.6
12.9
11.5
12.8
83.3
74.9
56.4
21.8
9.6
11.5
18.1
23.4
70.3
67.8
41.0
15.2
84.0
89.7
89.0
66.1
7.2
9.5
13.3
13.5
89.2
72.0
10.2
13.5
Secured by
collateral
Subject to
prepayment
penalty
709
240
683
686
684
45.3
23.6
35.4
33.9
79.2
18.8
16.0
37.1
16.0
10.2
258
530
334
367
144
517
348
488
378
703
51.0
78.5
51.9
38.7
79.0
6^177
976
414
2,182
549
660
130
346
61
556
314
386
6.82
6.01
6.49
6.74
7.56
7,587
416
1,164
3,115
1,723
488
1,073
1,121
712
252
21 31 to 365 days . .
22
Minimal risk . .
23 Low risk
24
Moderate risk .
25
Other
7.21
6.22
6.94
7.04
7.88
5,861
242
783
2,138
2,000
415
296
417
395
665
26 More than 365 days . . .
27
Minimal risk
28 Low risk
28
Moderate risk
30
Other
7.48
6.90
5.72
7.87
8.31
6,324
56
1,291
2,716
1,496
505
194
1,400
683
539
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 .
8.67
8.21
7.43
6.50
2,766
9,249
13,904
22,586
3.3
3.3
3.2
2.8
165
188
188
294
Average size
(thousands
of dollars)
BASE RATE OF LOAN 7
35 Prime
36 Other
Footnotes appear at end of table.
8.40
6.56
17,360
31,145
3.3
2.9
117
302
65.7
34.0
9.1
24.1
181
736
60
Federal Reserve Bulletin Statistical Supplement • February 2007
4.23
TERMS OF LENDING AT COMMERCIAL BANKS
Survey of Loans Made, November 6-10, 2006—Continued
C. Commercial and industrial loans made by large domestic banks'
Weightedaverage
effective
loan rate
(percent)4
Amount of
loans
(millions
of dollars)
7.05
5.75
6.39
6.90
8.14
42,571
2,235
5,385
20,447
7,975
562
2 022
952
916
322
By maturity/repricing interval
6 Zero interval
7
Minimal risk
8
Low risk
9
Moderate risk
10
Other
7.43
6.98
7.01
7.09
8.64
15,708
341
1,448
7,486
2,790
11 Daily
12
Minimal risk
13 Low risk
14
Moderate risk
15
Other
6.51
5.26
6.35
6.42
8.10
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
32.8
15.7
19.7
25.5
47.9
78.0
49.1
87.6
71.5
96.6
13.2
10.5
16.1
13.8
14.2
8.0
.7
4.3
3.7
6.4
56.5
82.0
36.8
40.7
82.0
85.5
89.6
72.4
92.9
93.6
10.0
6.1
12.9
10.5
10.2
25.2
11.2
36.6
13.3
94.0
17.6
16.8
44.3
11.9
2.2
27.3
4.1
36.4
24.0
44.2
55.7
28.4
84.2
47.0
97.1
19.9
3.0
33.7
20.4
21.5
630
508
559
774
469
44.1
2.3
23.6
39.9
79.4
21.0
17.2
25.8
13.1
31.0
8.0
.1
6.2
5.5
8.0
89.4
52.0
94.1
90.0
99.0
13.2
10.5
13.8
15.8
12.5
1,521
2,155
1,033
1 864
1,506
695
376
434
1,106
292
55.0
35.9
29.9
60.6
66.2
21.8
49.3
55.4
19.7
5.4
12.7
1.1
10.8
4.0
24.8
87.0
99.7
95.8
68.7
99.4
14.2
31.0
8.1
13.3
17.7
1 976
806
5,471
2,490
1,587
54
49
38
68
45
30.5
35.6
3.1
14.8
83.0
60.5
40.9
92.2
69.7
5.6
24.5
39.4
1.7
22.4
58.2
71.5
79.1
99.0
43.1
95.8
13.6
10.1
12.0
14.1
15.7
Weightedaverage risk
rating3
Weightedaverage
maturity/
repricing
interval2
84.1
72.8
53.1
20.7
14.9
13.7
18.7
23.5
71.9
71.1
40.0
14.6
89.0
92.7
90.3
66.0
7.9
10.8
14.5
13.6
90.4
71.9
11.3
14.3
Secured by
collateral
Subject to
prepayment
penalty
669
229
682
690
641
40.4
22.7
28.8
27.8
78.1
20.3
17.6
41.7
16.6
10.5
349
604
420
583
196
538
349
507
389
762
46.4
78.2
48.1
30.6
79.7
9,509
1,266
1,032
5,807
639
729
5 346
1,377
1,232
216
56
558
308
315
6.73
5.99
6.40
6.67
7.40
7,165
388
1,102
2,979
1,545
619
2,733
1,811
1,078
277
21 31 to 365 days
22
Minimal risk
23 Low risk
24
Moderate risk
25
Other
7.05
6.06
6.58
6.80
7.84
5,031
197
592
1,769
1,854
26 More than 365 days
27
Minimal risk
28 Low risk
28
Moderate risk
30
Other
7.37
7.17
5.57
7.82
8.41
5,110
38
1,199
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
7.36
6.48
1,493
6,647
12,269
22,162
3.4
3.3
3.2
2.8
46
92
151
295
Average size
(thousands
of dollars)
BASE RATE OF LOAN 7
35 Prime
36 Other
Footnotes appear at end of table.
8.27
6.46
13,944
28,627
3.3
2.9
123
257
62.1
29.8
9.5
25.5
259
1,300
Financial Markets
4.23
TERMS OF LENDING AT COMMERCIAL BANKS
61
Survey of Loans Made, November 6-10, 2006—Continued
D. Commercial and industrial loans made by small domestic banks'
Weightedaverage
effective
loan rate
(percent)4
Amount of
loans
(millions
of dollars)
8.40
6.34
8.18
8.53
8.77
5,934
289
767
2,500
1,684
95
166
140
100
86
By maturity/repricing interval
6 Zero interval
7
Minimal risk
8
Low risk
9
Moderate risk
10
Other
8.72
7.20
8.47
8.63
9.08
2,314
9
224
1,278
654
11 Daily
12
Minimal risk
13 Low risk
14
Moderate risk
15
Other
8.34
6.15
8.28
8.83
9.03
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
57.6
10.2
52.3
67.7
68.3
79.5
31.7
74.6
86.1
80.9
5.1
5.3
11.6
3.9
5.4
7.9
5.9
8.1
9.4
6.7
86.0
55.9
87.0
90.1
92.0
91.0
97.6
83.3
91.2
92.4
6.0
4.2
6.2
4.9
8.0
3.4
.0
.4
1.3
9.5
74.7
7.4
76.8
92.8
92.0
74.0
7.8
75.8
95.2
85.0
4.9
2.1
4.3
4.5
6.0
74.2
28.1
83.2
55.0
91.4
21.8
13.8
61.0
20.9
49.2
52.9
75.3
76.8
94.2
99.3
75.9
66.1
4.8
7.7
6.8
4.5
3.9
488
275
332
526
851
90.0
93.5
86.9
93.5
95.6
6.0
6.9
7.0
4.0
12.9
18.3
10.4
12.2
11.7
38.4
68.3
88.8
58.1
78.4
60.0
6.4
5.3
23.6
94
42
53
70
91.0
93.5
100.0
94.2
96.7
12.9
31.6
5.3
32.9
9.4
1.4
23.3
10.1
71.8
7.8
68.6
72.0
71.0
2.3
.0
28.2
82.4
80.4
81.1
3.4
5.7
13.3
68.5
59.4
48.6
78.1
82.1
79.2
6.1
5.7
3.1
84.1
73.3
5.5
4.6
Secured by
collateral
Subject to
prepayment
penalty
1,015
519
683
641
896
80.8
30.8
81.9
83.3
84.1
8.1
3.3
4.9
11.1
9.1
93
91
143
116
68
369
284
376
306
470
82.7
88.0
76.4
86.1
75.9
1,122
189
198
370
337
89
439
133
495
461
547
420
548
62.6
7.6
74.4
65.0
81.3
8.47
6.37
8.02
8.25
9.00
422
29
62
135
178
107
116
144
84
140
671
124
1,732
468
477
21 31 to 365 days
22
Minimal risk
23 Low risk
24
Moderate risk
25
Other
8.18
6.92
8.04
8.19
8.38
830
45
192
370
146
77
62
147
83
82
26 More than 365 days
27
Minimal risk
28 Low risk
28
Moderate risk
30
Other
7.95
6.31
7.68
8.30
7.99
1,214
18
92
328
356
122
73
131
109
173
Days
LOAN RISK
1 All commercial and industrial loans
2
Minimal risk
3
Low risk
4
Moderate risk
5
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
8.99
8.53
7.95
1,273
2,602
1,635
3.3
3.2
3.1
305
432
468
Average size
(thousands
of dollars)
BASE RATE OF LOAN 7
35 Prime
36 Other
Footnotes appear at end of table.
8.92
7.69
3,416
2,518
3.3
2.9
90
817
80.0
81.9
7.6
8.8
81
124
62
4.23
Federal Reserve Bulletin Statistical Supplement • February 2007
TERMS OF LENDING AT COMMERCIAL BANKS
Survey of Loans Made, November 6-10, 2006—Continued
E. Commercial and industrial loans made by U.S. branches and agencies of foreign banks'
Weightedaverage
maturity5
Percent of amount of loans (percent)
Commitment status
Weightedaverage
effective
loan rate
(percent)4
Amount of
loans
(millions
of dollars)
6.22
5.78
6.00
6.21
6.91
24,635
4,133
5,091
8,439
3,153
6.757
22.441
7.496
6.924
3.249
By maturity/repricing interval
6 Zero interval
7
Minimal risk
8
Low risk
9
Moderate risk
10
Other
7.02
6.20
7.87
8.67
9.84
1,609
1,142
100
158
208
2.502
18.600
1.005
719
801
1,062
1,110
1,206
11 Daily
12
Minimal risk
13 Low risk
14
Moderate risk
15
Other
5.92
5.57
5.88
5.92
6.39
10,205
2,446
3,362
3,106
891
12.123
64.371
17.250
9.574
5.717
129
70
82
64
278
16 2 to 30 days
17
Minimal risk
18 Low risk
19
Moderate risk
20
Other
6.27
5.77
5.90
6.26
6.91
9,016
437
1,184
4,116
1,450
6.381
7.472
4.786
8.747
4.112
409
218
343
308
237
21 31 to 365 days
22
Minimal risk
23 Low risk
24
Moderate risk
25
Other
6.48
3,670
5.210
642
6.72
6.49
6.67
445
1,047
580
3.239
5.595
3.150
275
561
514
6.5
9.2
6.5
33.7
42.0
27.8
1.2
.0
.7
99.9
75.9
93.0
18.1
8.0
18.8
53.4
35.2
18.9
20.8
33.5
40.5
52.5
53.7
66.0
29.8
9.6
2.7
91.5
90.1
84.0
80.7
11.3
15.6
12.3
7.7
92.1
81.1
9.4
8.8
Maturity/repricing
interval2 and
risk of loans3
Average
loan size
(thousands of
dollars)
Secured by
collateral
Days
Subject to
prepayment
penalty
Percent made
under
commitment
Average
months since
loan terms
LOAN RISK
1 All commercial and industrial loans
2
Minimal risk
3
Low risk
4
Moderate risk
5
Other
7.1
53.1
61.3
81.0
51.7
28.7
4.7
4.0
4.8
3.9
6.4
81.6
92.4
92.3
70.6
77.3
8.8
.7
4.8
12.1
22.5
72.6
85.1
34.9
50.6
38.6
.7
.0
5.4
.0
2.3
29.3
7.3
77.9
100.0
73.3
100.0
100.0
100.0
100.0
100.0
5.1
.9
11.6
22.7
11.8
6.6
.9
.1
72.5
87.4
91.0
66.2
11.5
4.6
2.8
4.8
3.0
2.3
82.3
100.0
89.6
59.4
78.5
6.7
.0
.5
14.1
35.5
5.5
51.0
83.7
76.9
45.4
42.3
.9
.0
.0
1.5
1.7
78.1
28.1
96.5
76.5
67.9
11.1
12.3
10.4
11.3
17.6
10.7
28.8
338
175
178
265
374
20.8
25.0
537
298
2.7
31.1
19.0
1.6
31.8
7.4
5.8
45.1
79.7
Months
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
7.85
7.18
6.55
6.10
15
540
4,863
19,217
3.3
3.1
3.1
2.4
40
21
32
13
Average size
(thousands
of dollars)
BASE RATE OF LOAN 7
35 Prime
36 Other
Footnotes appear at end of table.
8.66
6.09
1,162
23,473
2.6
2.5
18.4
20.9
12.4
55.2
1,295
8,540
Financial Markets
4.23
63
TERMS OF LENDING AT COMMERCIAL BANKS Survey of Loans Made, November 6-10, 2006—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-
maturity
repricing
interval2
Percent of amount of loans
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
6.54
6.48
6.05
7.71
30,155
15,118
10,022
5,014
706
668
830
627
2.6
2.8
2.0
3.1
214
306
23
324
28.0
25.7
16.3
58.0
44.1
32.5
76.2
14.9
16.0
13.0
7.3
42.6
Prior to survey weeks
Up to 90 days
91 to 365 days
More than 365 days
7.56
6.82
7.29
7,561
19,976
15,439
285
396
694
3.2
2.9
158
122
114
56.4
36.3
46.4
18.5
20.4
22.4
44.8
28.5
29.8
Domestic banks
8 During survey week
9
Not under commitment
10
Informal commitment
11
Formal commitment
7.10
6.66
8.52
7.91
15,472
10,579
1,028
3,865
374
478
90
494
2.9
2.7
3.1
3.3
407
429
175
409
38.3
24.2
65.8
69.3
14.9
15.1
4.4
17.2
27.8
17.7
59.7
47.0
Prior to survey weeks
Up to 90 days
91 to 365 days
More than 365 days
7.71
6.94
7.53
5,811
16,091
11,121
221
324
528
3.3
2.9
199
144
149
59.3
38.8
57.3
17.0
17.6
26.8
55.7
34.7
38.1
Large domestic banks
15 During survey week
16
Not under commitment
17
Informal commitment
18 Formal commitment
6.77
6.49
8.11
7.74
11,917
9,364
301
2,252
1,021
1,125
160
1,534
2.8
2.7
3.1
3.4
353
411
49
153
25.9
17.4
62.0
56.5
16.7
15.9
1.6
22.0
21.9
14.2
37.3
51.6
Prior to survey weeks
Up to 90 days
91 to 365 days
More than 365 days
7.57
6.82
7.47
5,072
15,002
10,580
295
461
736
3.3
2.9
207
151
148
55.4
35.6
56.3
17.6
18.7
27.9
53.0
31.9
36.6
Small domestic banks
22 During survey week
23
Not under commitment
24
Informal commitment
25 Formal commitment
8.20
7.98
8.69
8.14
3,555
1,215
727
1,613
120
88
76
254
3.1
2.8
3.1
3.3
591
575
227
766
79.6
77.0
67.3
87.0
8.9
8.7
5.5
10.5
47.7
44.6
69.0
40.5
Prior to survey weeks
Up to 90 days
91 to 365 days
More than 365 days
8.70
8.64
8.79
739
1,089
541
82
64
81
3.2
3.2
143
45
176
85.8
83.6
76.1
12.6
3.7
6.1
74.1
73.5
66.8
Foreign banks
29 During survey week
30
Not under commitment
31
Informal commitment
32
Formal commitment
5.95
6.06
5.76
7.04
14,682
4,539
8,994
1,149
10,927
9,372
13,206
6,445
2.2
3.0
1.9
2.0
10
18
5
10
17.1
29.2
10.6
20.1
74.8
72.9
84.4
7.2
3.6
2.0
1.3
27.8
Prior to survey weeks
Up to 90 days
91 to 365 days
More than 365 days
7.04
6.34
6.66
1,749
3,885
4,318
5,925
4,764
3,624
3.0
2.9
3.2
25
33
25
46.7
25.9
18.2
23.3
31.6
10.9
8.7
2.9
8.5
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/repricing interval is zero. For
floating-rate loans that have a scheduled repricing interval, the maturity/repricing interval
measures the number of days between the date the loan is made and the date on which it is
next scheduled to reprice. For loans having rates that remain fixed until the loan matures
(fixed-rate loans), the "maturity/repricing" interval measures the number of days between the
date the loan is made and the date on which it matures. Loans that reprice daily mature or
reprice on the business day after they are made. Owing to weekends and holidays, such loans
may have "maturity/repricing" intervals in excess of one day; such loans are not included in
the 2- to 30-day category.
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 0.17 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 2007
4.30
ASSETS AND LIABILITIES
of U.S. Branches and Agencies of Foreign Banks, September 30, 20061
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
IBFs
only3
53,756
15,334
0
n.a.
7,297
7,054
9,901
243
11,647
192
1,690
9,765
562
8,037
121
1,307
6,609
n.a.
14 Total securities and loans . . .
578,149
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
161,508
6 951
16,173
25 Federal funds sold
26
With depository institutions in the U.S. .
27
With others
50 Lease financing receivables (net of unearned income)
51
U.S. addressees (domicile)
52
Non-U.S. addressees (domicile)
43,849
9,007
24,457
14,806
3,117
n.a.
n.a.
1,613
29
142
392
n.a.
n.a.
138,384
8,049
34,592
27,757
6,835
32,080
63,663
3,117
1,841
0
1,631
136,009
7,981
34,339
27,503
6,835
31,638
62,052
1,442
45
251
251
0
0
1,145
392
40
0
0
0
0
351
28,783
20,084
8,699
11,245
6,885
4,360
27,368
18,722
8,646
11,185
6,878
4,307
57
57
8
8
0
22,364
115,152
4,482
2 935
1,547
0
1,276
171,769
33,414
138,355
18,537
92,923
3,874
2,397
1,477
257
15
0
242
22
375
0
0
375
21
0
360
39,073
912
398
235
0
257
n.a.
n.a.
0
0
0
0
0
0
0
0
0
0
0
0
0
5,838
2,347
3,492
0
0
0
2
0
2
21,367
27
21,340
13,219
26
13,193
150
1
149
38,165
5
38,160
3,173
2,473
75
75
0
0
234
0
234
2,164
0
35
25
25
0
0
10
0
10
0
110
17,152
133
126
7
0
1,474
0
1,474
15,545
11,915
12
11,903
98,753
7,176
1,503
1,414
89
0
5,365
12
5,353
309
9,820
12
9,808
79,226
6,960
1,423
1,334
89
0
5,229
12
5,217
309
220,212
172,880
47,332
13,642
246
13,397
179,323
139,300
40,024
13,487
246
13,241
7,103
6,728
375
115
0
115
20,518
16,495
4,023
2,459
23,997
32,414
672
241
48
2,233
23,487
31,124
631
241
48
0
0
0
144
6
465
586
586
0
0
0
587
587
367
362
0
2
158,119
6,456
15,654
348,213
474
347,739
66,105
436
15
0
243
3,512
n.a.
n.a.
21,779
28
21,751
IBFs
only
24
34,842
25,264
417,185
544
416,642
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
1,167
609
0
259
15
0
244
15
31 Total loans, gross
32
LESS: Unearned income on loans .
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
16,174
979
1
Total
including
IBFs
70,780
16,957
51,885
14,346
0
7,418
106
1,307
6,005
179,444
35,761
143,683
EQUALS: Loans, net
966,199
58,602
3,474
6
IBFs
only
10,841
176
1,689
8,975
432
505,858
28 Securities purchased under agreements to resell
29
With depository institutions in the U.S
30
With others
33
Total
including
IBFs
IBFs
only
1,411,589
1,599,085
1,097,018
62,513
3,501
11
46,792
Total
including
IBFs
129
0
0
0
53 Trading assets
54
U.S. Treasury and agency securities
55
Other trading assets
206,089
28,527
177,563
1,162
0
1,162
164,542
28,503
136,039
1,162
0
1,162
4
0
4
0
0
0
18,638
0
18,638
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
42,039
668
496
173
41,371
502,067
502,067
751
n.a.
n.a.
n.a.
751
96,660
n.a.
38,060
574
425
149
37,486
445,390
445,390
736
n.a.
n.a.
n.a.
736
69,307
n.a.
328
34
34
0
294
783
783
10
n.a.
n.a.
n.a.
10
4,089
n.a.
2,121
41
35
6
2,080
4,675
4,675
n.a.
n.a.
n.a.
3
2,103
n.a.
64 Total liabilities4
1,599,085
150,417
1,411,589
121,193
16,957
5,257
70,780
2,469
65 Liabilities to nonrelated parties
1,453,432
140,505
1,289,588
111,396
10,920
5,151
66,893
2,468
Footnotes appear at end of table.
69,307
96,660
2,103
4,089
U.S. Branches and Agencies
4.30
ASSETS AND LIABILITIES
of U.S. Branches and Agencies of Foreign Banks, September 30, 2006'—Continued
Millions of dollars except as noted
Total
excluding
IBFs3
IBFs
only3
Total
excluding
IBFs
IBFs
only
Total
excluding
IBFs
IBFs
only
Total
excluding
IBFs
IBFs
only
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
713,850
98,410
647,729
74,982
4,094
4,153
13,294
1,344
614,808
593,419
21,390
74,491
14,580
59,911
7,827
2,168
5,659
9,802
155
9,647
11,918
11,104
814
39,047
855
38,193
551,125
537,999
13,125
72,931
14,235
58,696
7,658
2,168
5,490
6,110
155
5,954
11,026
10,581
445
25,664
617
25,047
3,422
1,957
1,465
157
1
156
5
0
5
41
0
41
453
409
44
2,643
138
2,506
12,428
12,216
212
860
255
605
6
0
6
611
100
511
3,364
13,360
36,941
701
3,275
12,740
31,481
701
1,016
0
0
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
10,735
8,914
9,681
6,908
2,773
93
6
87
460
1
459
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
7,966
6,430
1,537
92
6
87
404
1
403
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
103
69
34
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
238
218
20
0
0
0
0
0
0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
379
n.a.
n.a.
331
120
n.a.
n.a.
3
2
n.a.
n.a.
0
0
n.a.
n.a.
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
703,116
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.
13,056
3,982
638,815
605,127
586,511
18,617
74,399
14,575
59,824
7,367
2,167
5,200
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
543,158
531,570
11,589
72,839
14,230
58,609
7,254
2,167
5,087
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,320
1,889
1,431
156
1
155
0
0
0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
12,190
11,999
192
860
255
605
6
0
6
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,986
13,237
n.a.
n.a.
2,944
12,620
n.a.
n.a.
5
500
n.a.
n.a.
0
n.a.
n.a.
98,410
74,982
4,153
9,802
155
9,647
11,918
11,104
814
39,047
855
38,193
6,110
155
5,954
11,026
10,581
445
25,664
617
25,047
41
0
41
453
409
44
2,643
138
2,506
30
30
0
611
100
511
36,941
701
31,481
701
1,016
0
701
0
65
66
Federal Reserve Bulletin Statistical Supplement • February 2007
4.30
ASSETS AND LIABILITIES
of U.S. Branches and Agencies of Foreign Banks, September 30, 2006'—Continued
Millions of dollars except as noted
Total
including
IBFs3
IBFs
only3
Total
including
IBFs
IBFs
only
90,188
36,576
53,612
21,969
1,976
19,993
74,987
29,265
45,721
17,913
1,791
16,122
836
794
42
86
86
0
6,913
3,804
3,109
1,033
69
964
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
198,040
13,195
184,845
208,300
1,133
17,902
191,447
13,195
178,252
179,954
1,133
16,375
316
0
316
1,208
0
0
0
888
4,417
0
4,417
21,790
0
86
19,910
13,879
2,064
159
19,562
13,768
1,950
154
137
46
56
5
71
16
20
0
6,031
16,271
302
15,969
172,119
1,905
12,964
84
12,880
2,874
5,794
14,891
157
14,734
145,501
1,796
11,789
30
11,759
2,636
91
676
104
572
395
51
594
54
540
238
55
91
0
91
21,628
20
66
0
66
0
128 All other liabilities
129
Branch or agency liability on acceptances executed and
outstanding
130
Trading liabilities
131
Other liabilities to nonrelated parties
144,644
1,092
120,489
993
700
106,809
37,136
n.a.
38
1,054
609
87,733
32,147
n.a.
38
955
34
0
279
n.a.
0
24
39
17,047
2,049
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
145,653
145,653
9,911
n.a.
122,000
122,000
9,797
n.a.
6,037
6,037
106
n.a.
3,887
3,887
83,316
22,931
60,386
n.a.
n.a.
n.a.
58,875
15,388
43,487
n.a.
n.a.
n.a.
2,776
745
2,032
n.a.
n.a.
n.a.
15,109
4,963
10,145
n.a.
n.a.
n.a.
135,759
14,708
121,051
n.a.
n.a.
n.a.
119,476
13,145
106,330
n.a.
n.a.
n.a.
4,261
212
4,049
n.a.
n.a.
n.a.
5,333
415
4,918
n.a.
n.a.
n.a.
114 Federal funds purchased
115 With depository institutions in the U.S
116
With others
Total
including
IBFs
IBFs
only
Total
including
IBFs
IBFs
only
19,136
MEMO
135 Holdings of own acceptances included in commercial and
industrial loans
136 Commercial and industrial loans with remaining maturity of one ye
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.
U.S. Branches and Agencies
4.30
ASSETS AND LIABILITIES
67
of U.S. Branches and Agencies of Foreign Banks, September 30, 20061—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
759,163
688,114
n.a.
n.a.
693,949
626,493
n.a.
n.a.
3,789
3,789
n.a.
n.a.
12,235
12,233
n.a.
n.a.
71,049
n.a.
67,455
n.a.
0
n.a.
2
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
Total
including
IBFs3
IBFs
only3
Total
including
IBFs
64,497
248
n.a.
131
62,879
48
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,
Illinois
California
New York
IBFs
only
n.a.
Total
including
IBFs
IBFs
only
871
n.a.
n.a.
n.a.
Total
including
IBFs
246
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, 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
70
Federal Reserve Bulletin Statistical Supplement • February 2007
Federal Reserve Board Publications
For ordering assistance, write PUBLICATIONS FULFILLMENT, MS-127, Board of Governors of the Federal Reserve
System, Washington, DC 20551, or telephone (202) 452-3245,
or FAX (202) 728-5886. You may also use the publications
order
form
available
on
the
Board's
website
(www.federah-eserve.gov). When a charge is indicated, payment
should accompany request and be made payable to the Board of
Governors of the Federal Reserve System or may be ordered via
MasterCard, VISA, or American Express. Payment from foreign
residents should be drawn on a U.S. bank.
FEDERAL RESERVE REGULATORY SERVICE FOR PERSONAL
BOOKS AND MISCELLANEOUS
GUIDE TO THE FLOW OF FUNDS ACCOUNTS. January 2000.
COMPUTERS. CD-ROM; updated monthly.
Standalone PC. $300 per year.
Network, maximum 1 concurrent user. $300 per year.
Network, maximum 10 concurrent users. $750 per year.
Network, maximum 50 concurrent users. $2,000 per year.
Network, maximum 100 concurrent users. $3,000 per year.
Subscribers outside the United States should add $50 to cover
additional airmail costs.
T H E FEDERAL RESERVE SYSTEM—PURPOSES AND FUNCTIONS.
2005. 136 pp.
ANNUAL
PERCENTAGE
RATE
PUBLICATIONS
TABLES
(Truth
in
1,186 pp. $20.00 each.
Lending—
Regulation Z) Vol. I (Regular Transactions). 1969. 100 pp.
Vol. II (Irregular Transactions). 1969. 116 pp. Each volume
$5.00.
REGULATIONS OF THE BOARD OF GOVERNORS OF THE FEDERAL
RESERVE SYSTEM.
STATISTICAL SUPPLEMENT TO THE FEDERAL RESERVE BULLETIN.
Monthly. $25.00 per year or $2.50 each in the United States,
its possessions, Canada, and Mexico. Elsewhere, $35.00 per
year or $3.50 each.
ANNUAL REPORT, 2003.
ANNUAL REPORT: BUDGET REVIEW, 2004.
ANNUAL STATISTICAL DIGEST: period covered, release date, number of pages, and price.
1981
October 1982
239 pp.
$ 6.50
266 pp.
$ 7.50
1982
December 1983
1983
October 1984
264 pp.
$11.50
254 pp.
$12.50
1984
October 1985
231 pp.
$15.00
1985
October 1986
1986
November 1987
288 pp.
$15.00
272 pp.
$15.00
1987
October 1988
256 pp.
$25.00
1988
November 1989
1980-89
March 1991
712 pp.
$25.00
185 pp.
$25.00
1990
November 1991
215 pp.
$25.00
1991
November 1992
215 pp.
$25.00
1992
December 1993
1993
December 1994
281 pp.
$25.00
190 pp.
$25.00
1994
December 1995
404 pp.
$25.00
1990-95
November 1996
1996-2000
March 2002
352 pp.
$25.00
FEDERAL RESERVE BULLETIN. Quarterly. $10.00 per year or $2.50
each in the United States, its possessions, Canada, and
Mexico. Elsewhere, $15.00 per year or $3.50 each.
FEDERAL RESERVE REGULATORY SERVICE. Loose-leaf; updated
monthly. (Requests must be prepaid.)
Consumer and Community Affairs Handbook. $75.00 per year.
Monetary Policy and Reserve Requirements Handbook. $75.00
per year.
Securities Credit Transactions Handbook. $75.00 per year.
The Payment System Handbook. $75.00 per year.
Federal Reserve Regulatory Service. Four vols. (Contains all
four Handbooks plus substantial additional material.) $200.00
per year.
Rates for subscribers outside the United States are as follows
and include additional airmail costs:
Federal Reserve Regulatory Service, $250.00 per year.
Each Handbook, $90.00 per year.
EDUCATION PAMPHLETS
Short pamphlets suitable for classroom use. Multiple copies are
available without charge.
A
A
A
A
Consumer's Guide to Mortgage Lock-Ins
Consumer's Guide to Mortgage Settlement Costs
Consumer's Guide to Mortgage Refinancings
Guide to Business Credit for Women, Minorities, and Small
Businesses
Choosing a Credit Card
Consumer Handbook on Adjustable Rate Mortgages (also available in Spanish)
Consumer Handbook to Credit Protection Laws
Home Mortgages: Understanding the Process and Your Right
to Fair Lending
How to File a Consumer Complaint about a Bank (also available
in Spanish)
In Plain English: Making Sense of the Federal Reserve
Keys to Vehicle Leasing (also available in Spanish)
Looking for the Best Mortgage (also available in Spanish)
Making Sense of Savings
Privacy Choices for Your Personal Financial Information
Protecting Yourself from Overdraft and Bounced-Check Fees
Putting Your Home on the Loan Line Is Risky Business (also
available in Spanish)
Series on the Structure of the Federal Reserve System
The Board of Governors of the Federal Reserve System
The Federal Open Market Committee
Federal Reserve Bank Board of Directors
Federal Reserve Banks
What You Should Know About Home Equity Lines of Credit
(also available in Spanish)
When Is Your Check Not a Check? (also available in Spanish)
71
STAFF STUDIES: Only Summaries Printed in the
170.
BULLETIN
Studies and papers on economic and financial subjects that are of
general interest. Staff Studies 1-158, 161, 163, 165, 166, 168, and
169 are out of print, but photocopies of them are available. Staff
Studies 165-176 are available online at www.federalreserve.gov/
pubs/staffstudies. Requests to obtain single copies of any paper or
to be added to the mailing list for the series may be sent to
Publications Fulfillment.
IN SAVINGS ACT, by Gregory Elliehausen and Barbara R.
Lowrey. December 1997. 17 pp.
171.
172.
BANKING MARKETS AND THE U S E OF FINANCIAL SERVICES BY SMALL AND MEDIUM-SIZED BUSINESSES, by
Gregory E. Elliehausen and John D. Wolken. September
1990. 35 pp.
162.
EVIDENCE ON THE SIZE OF BANKING MARKETS FROM MORTGAGE LOAN RATES IN TWENTY CITIES, by Stephen A.
Rhoades. February 1992. 11 pp.
164.
T H E 1989-92 CREDIT CRUNCH FOR REAL ESTATE, by
James T. Fergus and John L. Goodman, Jr. July 1993.
20 pp.
167.
A SUMMARY OF MERGER PERFORMANCE STUDIES IN BANKING, 1980-93, AND AN ASSESSMENT OF THE "OPERATING
PERFORMANCE" AND "EVENT STUDY" METHODOLOGIES,
by Stephen A. Rhoades. July 1994. 37 pp.
USING SUBORDINATED DEBT AS AN INSTRUMENT OF MAR-
KET DISCIPLINE, by Study Group on Subordinated Notes
and Debentures, Federal Reserve System. December 1999.
69 pp.
N E W DATA ON THE PERFORMANCE OF NONBANK SUBSIDIARIES OF BANK HOLDING COMPANIES, by Nellie Liang and
Donald Savage. February 1990. 12 pp.
160.
THE COST OF BANK REGULATION: A REVIEW OF THE EVI-
DENCE, by Gregory Elliehausen. April 1998. 35 pp.
173.
159.
THE COST OF IMPLEMENTING CONSUMER FINANCIAL REGULATIONS: A N ANALYSIS OF EXPERIENCE WITH THE TRUTH
IMPROVING PUBLIC DISCLOSURE IN BANKING, by Study
Group on Disclosure, Federal Reserve System. March 2000.
35 pp.
174.
BANK MERGERS AND BANKING STRUCTURE IN THE UNITED
STATES, 1980-98, by Stephen Rhoades. August 2000. 33 pp.
175.
THE FUTURE OF RETAIL ELECTRONIC PAYMENTS SYSTEMS:
INDUSTRY INTERVIEWS AND ANALYSIS, Federal Reserve
Staff, for the Payments System Development Committee,
Federal Reserve System. December 2002. 27 pp.
176.
BANK MERGER ACTIVITY IN THE UNITED STATES, 1994—
2003, by Steven J. Pilloff. May 2004. 23 pp.
72
Federal Reserve Bulletin Statistical Supplement • February 2007
ANTICIPATED SCHEDULE OF RELEASE DATES FOR PERIODIC STATISTICAL RELEASES OF THE BOARD OF
GOVERNORS OF THE FEDERAL RESERVE SYSTEM
For ordering assistance, write PUBLICATIONS FULFILLMENT, MS-127, Board of Governors of the Federal Reserve
System, 20th Street and Constitution Ave., N.W., Washington, DC 20551, or telephone (202) 452-3244, or FAX (202)
728-5886. You may also use the publications order form available on the Board's website (www.federalreserve.gov). When a
charge is indicated, payment should accompany request and be made payable to the Board of Governors of the Federal
Reserve System or may be ordered via MasterCard, VISA, or American Express. Payment from foreign residents should be
drawn on a U.S. bank.
Release number and title
Annual
mail
rate
Annual
fax
rate
Approximate
release
days1
which
data, refer
VV ±±-LW±± U U l u A W-LW-L
Corresponding
Bulletin or
Statistical
Supplement 2
table numbers
Weekly Releases
Actions of the Board:
Applications and Reports
Received
H.3. Aggregate Reserves of
Depository Institutions and
the Monetary Base 3
H.4.1. Factors Affecting Reserve Balances
of Depository Institutions and
Condition Statement of
Federal Reserve Banks3
H.6. Money Stock Measures3
$55.00
n.a.
Friday
$20.00
n.a.
Thursday
$20.00
n.a.
Thursday
$35.00
n.a.
Thursday
H.8.
Assets and Liabilities of
Commercial Banks in the
United States3
H. 10. Foreign Exchange Rates 3
$30.00
n.a.
Friday
$20.00
$20.00
Monday
H.15. Selected Interest Rates3
$20.00
$20.00
Monday
$ 5.00
$ 5.00
First of month
Previous month
G.15. Research Library—
Recent Acquisitions
G.17. Industrial Production and
Capacity Utilization3
No charge
n.a.
First of month
Previous month
$15.00
n.a.
Midmonth
Previous month
2.12,2.13
G.19. Consumer Credit3
$ 5.00
$ 5.00
$ 5.00
n.a.
Second month
previous
Second month
previous
1.55, 1.56
G.20. Finance Companies3
Fifth working day
of month
End of month
H.2.
Week ending
previous
Saturday
Week ending
previous
Wednesday
Week ending
previous
Wednesday
Week ending
Monday of
previous week
Week ending
previous
Wednesday
Week ending
previous
Friday
Week ending
previous
Friday
1.20
1.11, 1.18
1.21
1.26A-F
3.28
1.35
Monthly Releases
G.5.
Foreign Exchange Rates3
3.28
1.51, 1.52
73
Release number and title
Annual
mail
rate
Annual
fax
rate
Approximate
release
days 1
Period or date to
which data refer
Corresponding
Bulletin or
Statistical
Supplement
table numbers 2
Quarterly Releases
Survey of Terms of Business
Lending 3
$ 5.00
E. 11. Geographical Distribution of
Assets and Liabilities of
Major Foreign Branches of
U.S. Banks
5.00
E.16. Country Exposure Lending
Survey 3
E.2.
Z. 1.
Flow of Funds Accounts
of the United States:
Flows and Outstandings3
Midmonth of
March, June,
September, and
December
February, May,
August, and
November
n.a.
15th of March,
June,
September, and
December
Previous quarter
5.00
n.a.
January, April,
July, and
October
Previous quarter
$25.00
n.a.
Second week of
March, June,
September, and
December
Previous quarter
1. Please note that for some releases, there is normally a certain variability in the release date because of reporting or processing procedures.
Moreover, for all series unusual circumstances may, from time to time,
result in a release date being later than anticipated.
2. Beginning with the Winter 2004 issue (vol. 90, no. 1) of the Bulletin,
the corresponding table for the statistical release no longer appears in the
4.23
1.57, 1.58,
1.59, 1.60
Bulletin. Statistical tables are now published in the Statistical Supplement
to the Federal Reserve Bulletin; the table numbers, however, remain the
same.
3. These releases are also available on the Board's website,
www.federalreserve.gov/releases.
n.a. Not available.
74
Federal Reserve Bulletin Statistical Supplement • February 2007
Publications of Interest
FEDERAL RESERVE REGULATORY SERVICE
To promote public understanding of its regulatory functions, the Board publishes the Federal Reserve Regulatory Service, a four-volume loose-leaf service containing all Board regulations as well as related statutes,
interpretations, policy statements, rulings, and staff
opinions. For those with a more specialized interest in
the Board's regulations, parts of this service are published separately as handbooks pertaining to monetary
policy, securities credit, consumer affairs, and the payment system.
These publications are designed to help those who
must frequently refer to the Board's regulatory materials. They are updated monthly, and each contains citation indexes and a subject index.
The Monetary Policy and Reserve Requirements
Handbook contains Regulations A, D, and Q, plus
related materials.
The Securities Credit Transactions Handbook contains Regulations T, U, and X, which deal with extensions of credit for the purchase of securities, and related
statutes, Board interpretations, rulings, and staff opinions. Also included is the Board's list of foreign margin
stocks.
The Consumer and Community Affairs Handbook
contains Regulations B, C, E, G, M, P, Z, AA, BB, and
DD, and associated materials.
The Payment System Handbook deals with expedited
funds availability, check collection, wire transfers, and
risk-reduction policy. It includes Regulations CC, J, and
EE, related statutes and commentaries, and policy
statements on risk reduction in the payment system.
For domestic subscribers, the annual rate is $200 for
the Federal Reserve Regulatory Service and $75 for
each handbook. For subscribers outside the United
States, the price, which includes additional airmail costs,
is $250 for the service and $90 for each handbook.
The Federal Reserve Regulatory Service is also available on CD-ROM for use on personal computers. For a
standalone PC, the annual subscription fee is $300. For
network subscriptions, the annual fee is $300 for 1 concurrent user, $750 for a maximum of 10 concurrent
users, $2,000 for a maximum of 50 concurrent users,
and $3,000 for a maximum of 100 concurrent users.
Subscribers outside the United States should add $50
to cover additional airmail costs. For further information, call (202) 452-3244.
All subscription requests must be accompanied by a
check or money order payable to the Board of Governors of the Federal Reserve System. Orders should be
addressed to Publications Fulfillment, Mail Stop 127,
Board of Governors of the Federal Reserve System,
Washington, DC 20551.
GUIDE TO THE FLOW OF FUNDS ACCOUNTS
A new edition of Guide to the Flow of Funds Accounts
is now available from the Board of Governors. The new
edition incorporates changes to the accounts since the
initial edition was published in 1993. Like the earlier
publication, it explains the principles underlying the
flow of funds accounts and describes how the accounts
are constructed. It lists each flow series in the Board's
flow of funds publication, "Flow of Funds Accounts of
the United States" (the Z.I quarterly statistical release),
and describes how the series is derived from source
data. The Guide also explains the relationship between
the flow of funds accounts and the national income and
product accounts and discusses the analytical uses of
flow of funds data. The publication can be purchased,
for $20.00, from Publications Fulfillment, Mail Stop
127, Board of Governors of the Federal Reserve System, Washington, DC 20551.
75
Federal Reserve Statistical Releases
Available on the Commerce Department's
Economic Bulletin Board
The Board of Governors of the Federal Reserve System makes some of its statistical releases available to
the public through the U.S. Department of Commerce's economic bulletin board. Computer access
to the releases can be obtained by subscription.
For further information regarding a subscription to
the economic bulletin board, please call (202) 4821986. The releases transmitted to the economic bulletin board, on a regular basis, are the following:
Reference
Number
Statistical release
Frequency of release
H.3
Aggregate Reserves
Weekly/Thursday
H.4.1
Factors Affecting Reserve Balances
Weekly/Thursday
H.6
Money Stock
Weekly/Thursday
H.8
Assets and Liabilities of Insured Domestically Chartered
and Foreign Related Banking Institutions
Weekly/Monday
H.10
Foreign Exchange Rates
Weekly/Monday
H.15
Selected Interest Rates
Weekly/Monday
G.5
Foreign Exchange Rates
Monthly/end of month
G.17
Industrial Production and Capacity Utilization
Monthly/midmonth
G.19
Consumer Installment Credit
Monthly/fifth business day
Z.I
Flow of Funds
Quarterly
@FedFRASER