The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Volume 3 • Number 6 • June 2006
Statistical Supplement
to the Federal Reserve
BULLETIN
Board of Governors of the Federal Reserve System, Washington, D.C.
PUBLICATIONS COMMITTEE
Rosanna Pianalto Cameron, Chair • Scott G. Alvarez • Sandra Braunstein • Marianne M. Emerson
• Jennifer J. Johnson • Karen H. Johnson • Stephen R. Malphrus • Vincent R. Reinhart
• Louise L. Roseman • Richard Spillenkothen • David J. Stockton
The Statistical Supplement to the Federal Reserve Bulletin is issued monthly under the direction of the staff Publications Committee. It is assisted by the Economic
Editing Section, Division of Research and Statistics, and the Publications Department, Office of Board Members.
Preface
The Statistical Supplement to the Federal Reserve
Bulletin is a continuation of the Financial and Business Statistics section that appeared in each month's
issue of the Federal Reserve Bulletin
Published monthly, the Statistical Supplement is
designed as a compact source of economic and financial data. All statistical series are published with the
same frequency that they had in the Bulletin, and the
numbering system for the tables remains the same.
Subscription information for the Statistical Supplement is on the inside front cover. For subscription
information about the Bulletin, contact Publications
Fulfillment at (202) 452-3245, or send an e-mail to
publications-bog @ frb.gov.
If you have questions regarding the tables in
the Statistical Supplement, please send a fax to
(202) 785-6092 or (202) 728-5886.
Financial and Business Statistics:
Table of Contents
These tables reflect the data available as of the second
week of June 2006.
3 SYMBOLS AND ABBREVIATIONS
DOMESTIC FINANCIAL STATISTICS
Money Stock and Bank Credit
4 Reserves and money stock measures
5 Reserves of depository institutions and Reserve Bank
credit
6 Reserves and borrowings—Depository
institutions
Policy
Instruments
7 Federal Reserve Bank interest rates
8 Reserve requirements of depository institutions
9 Federal Reserve open market transactions
Federal Finance
25 Federal debt subject to statutory limitation
25 Gross public debt of U.S. Treasury—
Types and ownership
26 U.S. government securities
dealers—Tran saction s
27 U.S. government securities dealers—
Positions and financing
28 Federal and federally sponsored credit
agencies—Debt outstanding
Securities Markets and Corporate Finance
29 New security issues—Tax-exempt state and local
governments and U.S. corporations
30 Open-end investment companies—Net sales
and assets
30 Domestic finance companies—Assets and liabilities
31 Domestic finance companies—Owned and managed
receivables
Federal Reserve Banks
10 Condition and Federal Reserve note statements
11 Maturity distribution of loans and securities
Monetary and Credit Aggregates
Real Estate
32 Mortgage markets—New homes
33 Mortgage debt outstanding
12 Aggregate reserves of depository institutions
and monetary base
13 Money stock measures
Commercial Banking Institutions—
Assets and Liabilities
15
16
17
19
20
21
All commercial banks in the United States
Domestically chartered commercial banks
Large domestically chartered commercial banks
Small domestically chartered commercial banks
Foreign-related institutions
Memo items
Consumer Credit
34 Total outstanding
34 Terms
Flow of Funds
35
37
38
39
Funds raised in U.S. credit markets
Summary of financial transactions
Summary of credit market debt outstanding
Summary of financial assets and liabilities
Financial Markets
22 Commercial paper outstanding
22 Prime rate charged by banks on short-term
business loans
23 Interest rates—Money and capital markets
24 Stock market—Selected statistics
DOMESTIC NONFINANCIAL STATISTICS
Selected
Measures
40 Output, capacity, and capacity utilization
42 Industrial production—Indexes and gross value
2
Federal Reserve Bulletin Statistical Supplement • June 2006
INTERNATIONAL STATISTICS
Summary Statistics
44 U.S. international transactions
44 U.S. reserve assets
45 Foreign official assets held at Federal Reserve
Banks
45 Selected U.S. liabilities to foreign official
institutions
Reported by Banks in the United States
45
46
48
49
Liabilities to, and claims on, foreigners
Liabilities to foreigners
Banks' own claims on foreigners
Banks' own and domestic customers' claims on
foreigners
Reported by Nonbanking Business
Enterprises in the United States
50 Liabilities to foreigners
52 Claims on foreigners
Securities Holdings and Transactions
54 Foreign transactions in securities
55 Marketable U.S. Treasury bonds and
notes—Foreign transactions
Interest and Exchange Rates
56 Foreign exchange rates
57 GUIDE TO SPECIAL TABLES
SPECIAL TABLES
58 Assets and liabilities of commercial banks,
March 31, 2006
60 INDEX TO STATISTICAL TABLES
62 FEDERAL RESERVE BOARD PUBLICATIONS
64 ANTICIPATED SCHEDULE OF RELEASE DATES FOR
PERIODIC STATISTICAL RELEASES
66 PUBLICATIONS OF INTEREST
67 FEDERAL RESERVE STATISTICAL RELEASES
AVAILABLE ON THE COMMERCE DEPARTMENT'S
ECONOMIC BULLETIN BOARD
Symbols and Abbreviations
l-l
c
e
n.a.
n.e.c.
P
*
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 • June 2006
1.10
RESERVES AND MONEY STOCK MEASURES
Percent annual rate of change, seasonally adjusted1
Monetary or credit aggregate
Q2
2
1
2
3
4
Reserves of depository institutions
Total
Required
Nonborrowed
Monetary base3
Concepts of money15 Ml
6 M2
7 M3
Nontransaction components
8 In M2S
9 In M3 only1"
-3.2
-3.2
-4.3
2.9
-7.5
-9.0
-9.2
3.3
-4.8
-5.8
-7.4
-4.2
-6.7
6.4
.9
-3.3
-.2
4.7
-18.2
-4.8
-16.7
8.4
-.3
2.5
6.0
-.6
4.4
7.8
5.1
9.3
3.6
6.6
n.a.
.7
4.0
5.6
-1.2
5.1
9.0
12.4
11.2
10.5
-5.4
4.1
6.5
7.4
3.1
n.a.
3.2
13.3
5.7
14.9
6.2
17.7
7.4
n.a.
4.8
8.7
6.7
16.6
10.8
9.5
6.6
11.7
2.0
n.a.
1.7
-1.4
-13.4
-12.3
-16.6
3.7
Time and savings deposits
Commercial banks
Savings, including MMDAs
Small time7
Large times>*
Thrift institutions
13
Savings, including MMDAs
14
Small time7
15 Large times
2.8
19.1
22.9
5.6
19.8
12.3
6.5
8.9
21.4
5.0
17.0
n.a.
3.9
11.2
4.3
9.6
15.1
22.8
7.2
16.2
31.6
1.6
20.2
16.5
-3.6
20.3
n.a.
-6.5
21.7
45.5
-2.9
19.7
33.1
-3.5
28.6
36.0
2.9
16.9
n.a.
22.7
32.2
-6.5
9.7
4.2
11.8
16.4
25.0
19.7
-3.1
-11.1
19.4
n.a.
Money market mutual funds
16 Retail10
17 Institution-only
-2.9
2.4
-1.1
11.7
4.8
12.1
9.0
9.0
3.6
1.4
2.7
16.8
16.2
14.8
4.7
-2.9
13.8
7.3
Repurchase agreements and Eurodollars
18 Repurchase agreements
19 Eurodollars
11.8
7.0
22.5
11.5
22.3
7.9
n.a.
n.a.
21.8
10.3
19.4
3.7
-34.0
-14.4
37.0
14.3
n.a.
n.a.
10
11
12
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.
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 5
1.11
RESERVE BALANCES OF DEPOSITORY INSTITUTIONS'
Millions of dollars
Average of
daily figures
Average of daily figures for week ending on date indicated
Feb. 15
Feb. 22
Mai
815,840
750,625
750,625
273,431
451,830
22,196
3,168
0
24,357
98
66
0
815,807
751,487
751,487
274,142
452,009
22,196
3,141
0
27,536
45
5
8
32
-477
37,216
11,044
2,200
37,495
820,757
753,690
753,690
274,142
454,235
22,196
3,118
0
29,036
34
6
0
28
211
37,787
11,044
2,200
37,813
Mar. 15
Mar. 22
Mar. 29
815,378
754,952
754,952
274,142
455,470
22,196
3,144
0
25,679
62
20
0
42
850
33,835
11,044
2,200
37,826
820,051
756,617
756,617
274,142
457,020
22,260
3,194
0
28,536
59
10
0
49
685
34,155
11,044
2,200
37,840
820,828
757,241
757,241
274,142
457,177
22,646
3,275
0
28,893
403
350
0
52
-520
34,812
11,044
2,200
37,853
814,103
758,513
758,513
275,370
457,177
22,646
3,320
0
20,750
91
36
0
55
-291
35,040
11,044
2,200
37,866
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. Treasuiy2
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 . .
817,188
745,675
745,675
272,270
449,685
20,416
3,304
0
30,774
104
74
0
30
564
40,071
11,043
2,200
36,540
815,080
750,949
750,949
273,597
451,998
22,196
3,158
0
25,071
53
21
2
30
38
38,969
11,044
2,200
37,290
817,808
756,872
756,872
274,498
456,693
22,443
3,237
0
26,040
162
784,908
25,108
25,108
0
208
787,001
23,473
23,473
0
196
789,087
24,281
24,281
0
196
786,568
22,396
22,396
0
198
789,472
23,786
23,786
0
191
788,386
24,647
24,647
0
185
789,068
24,217
24,217
0
187
789,749
24,599
24,599
0
194
788,929
25,013
25,013
0
198
788,446
22,893
22,893
0
204
14,505
4,942
84
9,002
9,002
0
478
31,365
10,876
13,783
5,155
85
8,268
8,268
0
275
31,811
9,350
13,420
5,033
108
8,039
8,039
0
241
32,752
9,163
14,045
5,224
91
8,472
8,472
0
259
31,790
11,264
13,373
5,005
84
8,015
8,015
0
269
32,014
7,710
13,443
5,080
83
8,015
8,015
0
265
32,316
12,838
13,526
5,028
85
8,143
8,143
0
269
32,514
6,937
12,968
4,479
99
8,145
8,145
0
245
32,597
11,027
13,525
5,142
172
7,980
7,980
0
231
33,070
11,190
13,685
5,400
85
7,981
7,981
0
219
32,895
7,089
50
-142
34,877
11,044
2,200
37,847
579
40,181
11,044
ABSORBING RESERVE FUNDS
25
26
27
28
29
30
31
32
Wednesday figures
End-of-month figures
Mar. 1
Mar. 8
Mar. 15
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 .
816,689
748,824
748,824
272,834
450,580
22,196
3,213
0
25,750
40
11
0
29
1,791
40,284
11,044
2,200
36,539
825,348
754,676
754,676
274,142
455,227
22,196
3,111
0
31,500
38
12
0
26
1,463
37,671
11,044
2,200
37,813
824,069
758,542
758,542
275,370
457,177
22,646
3,349
0
26,750
566
510
0
56
-856
39,067
11,043
2,200
37,879
817,902
751,327
751,327
274,142
451,830
22,196
3,158
0
29,750
464
430
0
33
-629
36,991
11,044
2,200
37,176
821,535
752,549
752,549
274,142
453,078
22,196
3,133
0
29,000
103
14
59
30
2,525
37,358
11,044
2,200
37,495
821,476
754,682
754,682
274,142
455,227
22,196
3,117
0
27,750
38
4
0
34
1,341
37,664
11,044
2,200
37,813
817,150
755,576
755,576
274,142
456,077
22,196
3,160
0
26,500
43
0
0
43
1,141
33,889
11,044
2,200
37,826
821,701
757,213
757,213
274,142
457,177
22,646
3,247
0
29,750
60
12
0
48
244
34,435
11,044
2,200
37,840
816,910
757,257
757,257
274,142
457,177
22,646
3,292
0
25,750
201
148
0
53
-1,190
34,892
11,044
2,200
37,853
812,747
758,529
758,529
275,370
457,177
22,646
3,336
0
19,500
251
192
0
58
-694
35,161
11,044
2,200
37,866
782,356
24,019
24,019
0
216
789,289
24,802
24,802
0
185
788,769
26,540
26,540
0
209
788,399
22,695
22,695
0
193
789,798
24,510
24,510
0
185
789,834
24,672
24,672
0
186
790,605
23,810
23,810
0
193
790,733
24,293
24,293
0
197
789,763
24,151
24,151
0
204
789,999
22,419
22,419
0
209
14,680
5,606
83
8,710
8,710
0
281
31,667
13,535
13,401
5,024
82
8,015
8,015
0
279
32,510
16,220
13,487
5,455
84
7,731
7,731
0
217
32,894
13,292
13,959
5,125
101
8,472
8,472
0
262
31,583
11,493
12,694
4,334
88
8,015
8,015
0
257
31,739
13,350
13,817
5,427
85
8,015
8,015
0
290
32,011
12,014
13,310
4,851
86
8,143
8,143
0
230
32,117
8,185
11,399
2,844
150
8,145
8,145
0
261
32,443
13,719
12,689
4,414
71
7,980
7,980
0
223
32,537
8,662
12,903
4,619
84
7,981
7,981
0
219
32,482
5,845
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 • June 2006
1.12
RESERVES AND BORROWINGS
Depository Institutions1
Millions of dollars
Prorated monthly averages of biweekly averages
Reserve classification
1
?.
3
4
5
6
7
8
u
10
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
Secondary
Seasonal
2006
2005
2003
2004
2005
Dec.
Dec.
Dec.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
10,863
44,063
32,086
11,976
42,949
41,906
1,043
12,046
47,264
34,800
12,463
46,847
44,938
1,909
9,541
51,302
35,368
15,934
44,909
42,960
1,949
11,140
47,282
34,472
12,809
45,612
43,568
2,044
9,630
49,515
34,483
15,032
44,113
42,216
1,897
9,500
49,202
34,497
14,705
43,997
42,201
1,796
9,541
51,302
35,368
15,934
44,909
42,960
1,949
10,382
52,040
36,904
15,136
47,287
45,846
1,440
9,450
53,260
35,243
18,017
44,693
43,139
1,555
9,113
49,587
33,638
15,949
42,751
41,253
1,498
46
17
0
29
63
169
97
0
72
332
12
5
315
284
35
29
220
126
20
0
106
169
97
0
72
110
78
0
32
53
21
169
119
0
50
0
52
B
weekly a\ erages of daily igures for two- A-eek periods ending on dates indie ited
2006
2005
1
7
3
4
5
6
7
8
u
10
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
Secondary
Seasonal
30
Dec. 7
Dec. 21
Jan. 4
Jan. 18
Feb. 1
Feb. 15
Mar. 1
Mar. 15
Mar. 29
Apr. 12
9.769
48,779
34,707
14,073
44,476
42,834
1,642
8.693
51,590
34,302
17,289
42,995
41,242
1,752
10.569
52,666
37,324
15,342
47,893
45,455
2,438
9.089
50,156
33,738
16,418
42,827
41,581
1,246
11.718
53,877
40,185
13,692
51,903
50,561
1,342
8.522
55,184
33,427
21,757
41,949
40,432
1,517
10.276
51,140
36,819
14,322
47,094
45,483
1,611
8.987
48,410
31,244
17,167
40,230
38,504
1,726
9.137
50,783
36,051
14,733
45,188
44,014
1,174
9.246
48,675
31,924
16,752
41,169
39,059
2,110
95
12
0
83
259
188
0
71
95
29
0
66
180
154
0
26
40
11
0
29
66
36
0
30
40
6
4
30
61
15
0
46
247
193
0
54
447
381
0
67
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
1.14
FEDERAL RESERVE BANK INTEREST RATES
Percent per year
Current and previous levels
Primary credit1
L l—U-Ll i l l
l\.\_i\_l
Secondary credit2
Seasona credit3
VL-
Bank
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
On
6/16/06
Effective date
Previous rate
On
6/16/06
Effective date
Previous rate
On
6/16/06
Effective date
Previous rate
6.00
5/10/06
5/10/06
5/10/06
5/10/06
5/10/06
5/10/06
5.75
i
6.50
5/10/06
5/10/06
5/10/06
5/10/06
5/10/06
5/10/06
6.25
i
5.10
6/8/06
5.05
i
"hicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
5/10/06
5/11/06
5/10/06
5/11/06
5/10/06
5/10/06
6.00
1
5.75
6.50
5/10/06
5/11/06
5/10/06
5/11/06
5/10/06
5/10/06
i
1
6.25
1
5.10
6/8/06
5.05
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
3.75^1.00
4.00
4.00^1.25
4.25
4.25^1.50
4.50
4.50^1.75
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
5.75
5.75
6.00
6.00
6.00
6.00
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
In effect June 16, 2006
Range of rates for adjustment credit in recent years4
Range(or
level)—All
F.R. Banks
F.R. Bank
of
N.Y.
In effect Dec. 31,1995
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
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
4.00^1.50
4.00
3.50^1.00
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 • June 2006
RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS
Requirement
Type of liability
Percentage of
liabilities
Effective date
0
3
10
12/22/05
12/22/05
12/22/05
4 Nonpersonal time deposits
0
12/27/90
5 Eurocurrency liabilities
0
12/27/90
Net transaction accounts*
1 $0 million-$7.8 million2
2 More than $7.8 million-$48.3 million3
3 More than $48.3 million
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.
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
U.S. TREASURY SECURITIES
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
Aug.
Sept.
2
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
18.150
0
738,886
738.886
0
18,138
0
821,685
821,685
0
8,300
0
871,661
871,661
0
2,751
0
66,899
66,899
0
1,992
0
87,522
87,522
0
1,023
0
68,397
68,397
0
489
0
65,570
65,570
0
0
0
80,886
80,886
0
1,563
0
67,302
67,302
0
1,308
0
68,077
68,077
0
6,565
0
96,433
-103,153
0
7,994
0
103,380
-118,373
0
2,894
0
109,557
-108,098
2,795
1,298
0
26,261
-18,253
757
0
0
7,999
-6,585
0
500
0
11,700
-6,551
0
1,096
0
14,200
-15,297
189
0
0
0
0
0
0
0
13,599
-13,594
1,321
1,200
0
11,858
-10,989
0
7,814
0
-76,364
97,256
17,249
0
-84,844
110,819
11,309
0
-91,121
97,723
1,390
0
-20,702
16,781
3,635
0
-7,999
6,585
1,693
0
-11,700
6,551
1,096
0
-11,240
13,077
0
0
0
0
2,809
0
-13,599
11,830
2,498
0
-4,775
9,306
4,107
0
-11,131
5,897
5,763
0
-8,012
7,554
3,626
0
-7,041
7,375
988
0
-2,919
1,472
0
0
0
0
800
0
266
2,221
0
0
0
0
1,505
0
0
0
25
0
-5,205
841
220
0
-8,938
0
1,364
0
-10,524
0
2,007
0
-11,395
3,000
0
-2,640
0
90
0
0
0
902
0
0
0
0
0
-3,227
0
0
0
0
0
205
0
0
1,765
924
0
-1,878
841
36,856
0
0
50,507
0
0
28,136
0
2,795
6,427
0
757
5,847
0
0
4,118
0
0
3,481
0
189
0
0
0
6,082
0
1,321
5,955
0
0
1,522,888
1,518,638
1,876,900
2,097,050
200,750
200,750
187,300
197,050
145,250
147,000
140,750
129,500
223,000
211,500
185,750
206,750
157,000
151,250
4,942,131
4,946,691
5,621,153
5,626,285
6,421,223
6,420,945
555,779
554,786
523,085
523,518
509,449
508,709
505,101
508,976
581,376
581,826
504,837
498,351
445,563
446,346
-310
-15,882
993
-10,183
-1,010
7,375
11,050
-14,514
4,967
36,536
34,626
6,662
-4,336
3,108
10,667
11,050
-9,752
10,922
26 Net change in U.S. Treasury securities . . .
FEDERAL AGENCY OBLIGATIONS
Outright transactions
Gross purchases
Gross sales
Redemptions
Net change in federal agency obligations
TEMPORARY TRANSACTIONS
Repurchase agreements^
Gross purchases
Gross sales
Matched sale-purchase agreements
i Gross purchases
• Gross sales
Reverse repurchase agreements*
Gross purchases
Gross sales
Net change in temporary transactions
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 • June 2006
FEDERAL RESERVE BANKS
Condition and Federal Reserve Note Statements'
Millions of dollars
Wednesday
End of month
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
11,040
2,200
826
782,471
754,682
754,682
274,142
455,227
22,196
3,117
0
27,750
38
8,125
1,821
35,921
19,146
16,775
11,040
2,200
820
782,119
755,576
755,576
274,142
456,077
22,196
3,160
0
26,500
43
8,111
1,821
36,207
19,048
17,160
11,040
2,200
799
787,023
757,213
757,213
274,142
457,177
22,646
3,247
0
29,750
60
6,525
1,822
36,751
19,216
17,535
11,040
2,200
795
783,208
757,257
757,257
274,142
457,177
22,646
3,292
0
25,750
201
4,898
1,825
37,200
19,308
17,892
11,040
2,200
789
778,280
758,529
758,529
275,370
457,177
22,646
3,336
0
19,500
251
5,259
1,824
37,471
19,180
18,291
11,040
2,200
808
774,614
748,824
748,824
272,834
450,580
22,196
3,213
0
25,750
40
9,270
1,826
38,459
19,313
19,146
11,040
2,200
830
786,214
754,676
754,676
274,142
455,227
22,196
3,111
0
31,500
38
8,605
1,821
35,853
19,195
16,658
11,039
2,200
811
785,858
758,542
758,542
275,370
457,177
22,646
3,349
0
26,750
566
3,746
1,833
37,214
19,305
17,909
842,403
842,319
846,160
841,165
836,862
838,217
846,564
842,701
753,028
24,672
25,899
20,097
5,427
85
290
6,793
4,364
753,788
23,810
25,722
20,556
4,851
86
230
6,882
4,466
753,886
24,293
29,301
26,046
2,844
150
261
6,238
4,508
752,905
24,151
25,480
20,771
4,414
71
223
6,092
4,574
753,127
22,419
22,881
17,959
4,619
84
219
5,953
4,647
746,837
24,019
28,220
22,250
5,606
83
281
7,474
4,155
752,486
24,802
29,627
24,241
5,024
82
279
7,140
4,414
751,906
26,540
26,778
21,022
5,455
84
217
4,582
4,758
814,756
814,668
818,225
813,202
809,027
810,705
818,468
814,564
30 Capital paid in
31 Surplus
32 Other capital accounts
13,739
12,901
1,006
13,730
12,901
1,019
13,705
12,901
1,328
13,731
12,901
1,331
13,748
12,901
1,186
13,558
12,901
1,053
13,738
12,901
1,457
13,759
12,901
1,476
33 Total capital
27,646
27,650
27,935
27,963
27,835
27,512
28,095
28,136
1,582,293
1,126,476
455,816
5,643
1,598,592
1,141,697
456,896
2,539
1,588,293
1,125,006
463,286
5,980
1,588,379
1,123,855
464,524
942
1,594,287
1,129,854
464,433
1,107
1,539,384
1,100,762
438,623
5,239
1,582,711
1,127,775
454,936
3,772
1,593,994
1,127,555
466,439
2,953
19 Total assets
LIABILITIES
20
21
22
23
24
25
26
27
28
Federal Reserve notes, net of F.R. Bank holdings .
Reverse repurchase agreements5
Deposits
Depository institutions
U.S. Treasury, general account
Foreign official
Other
Deferred availability cash items
Other liabilities and accrued dividends9
29 Total liabilities
CAPITAL ACCOUNTS
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
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
911,806
912,160
911,825
912,613
912,770
909,286
911,359
912,481
158,778
753,028
753,028
11,040
2,200
739,789
158,372
753,788
753,788
11,040
2,200
740,548
0
157,939
753,886
753,886
11,040
2,200
740,646
0
159,708
752,905
752,905
11,040
2,200
739,665
159,643
753,127
753,127
11,040
2,200
739,888
162,449
746,837
746,837
11,040
2,200
733,597
0
158,874
752,486
752,486
11,040
2,200
739,246
0
160,575
751,906
751,906
11,039
2,200
738,667
782,432
782,076
786,963
783,007
778,029
774,574
786,176
785,292
24,703
23,840
24,324
24,183
22,449
24,049
24,836
26,594
757,729
758,235
762,638
758,824
755,580
750,525
761,340
758,698
MEMO
46 Total U.S. Treasury and agency securities''
47
Less: face value of securities under reverse repurchase
agreements12
48
U.S. Treasury and agency securities
eligible to be pledged
1. Some of the data in this table also appear in the Board's H.4.1 (503) weekly statistical
release, which is available at www.federalreserve.gov/releases.
2. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury
securities.
3. Face value of the securities.
4. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
5. Cash value of agreements, which are fully collateralized by U.S. Treasury and federal
agency securities.
6. Valued daily at market exchange rates.
7. Includes special investment account at the Federal Reserve Bank of Chicago in Treasury
bills maturing within ninety days.
8. Cash value of agreements, which are fully collateralized by U.S. Treasury securities.
9. Includes exchange-translation account reflecting the daily revaluation at market
exchange rates of foreign exchange commitments.
10. Includes U.S. Treasury STRIPS and other zero coupon bonds at face value.
11. Includes face value of U.S. Treasury and agency securities held outright, compensation
to adjust for the effect of inflation on the original face value of inflation-indexed securities,
and cash value of repurchase agreements.
12. Face value of agreements, which are fully collateralized by U.S. Treasury securities.
Federal Reserve Banks
1.19
FEDERAL RESERVE BANKS
11
Maturity Distribution of Loans and Securities
Millions of dollars
Wednesday
End of month
Type of holding and maturity
1 Total loans
2 Within 15 days
3 16 days to 90 days
4 91 days to 1 year
21
39
0
11
27
0
251
0
0
37
1
0
754,682
755,576
757,213
757,257
758,529
748,824
754,676
758,542
48,410
167,362
190,678
213,483
54,953
79,796
48,007
174,298
184,149
213,951
55,355
79,816
46,914
174,974
184,570
215,452
55,362
79,942
54,496
167,102
184,863
215,466
55,368
79,962
54,045
167,569
186,079
215,479
55,375
79,982
37,634
179,289
186,158
209,982
56,648
79,112
32,595
183,177
190,677
213,481
54,952
79,793
30,617
182,870
193,874
215,817
55,377
79,988
12 Total federal agency securities
0
0
0
0
0
0
0
0
13
14
15
16
17
18
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
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
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
19 Total repurchase agreements2
27,750
29,750
25,750
20 Within 15 days
27,750
26,500
0
29,750
0
25,750
0
19,500
0
25,750
0
31,500
0
26,750
0
24,672
23,810
24,293
24,151
22,419
24,019
24,802
26,540
24,672
0
23,810
24,293
0
24,151
0
22,419
24,019
0
24,802
0
26,540
21 16 days to 90 days
22 Total reverse repurchase agreements2 .
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.
31,500
2. Cash value of agreements classified by remaining maturity of the agreements.
12
Federal Reserve Bulletin Statistical Supplement • June 2006
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.
Sept.
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
681.46
42.70
42.65
41.66
720.13
46.62
46.56
44.72
758.99
44.81
44.64
42.86
786.59
44.68
44.32
43.06
774.83
45.70
45.37
43.65
778.20
44.94
44.66
43.05
780.20
44.78
44.65
42.98
783.51
44.81
44.64
42.86
786.59
44.13
44.02
42.69
792.08
44.19
44.14
42.64
796.60
43.70
43.53
42.20
799.04
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
44.67
44.50
42.72
792.87
44.66
44.30
43.04
773.62
45.40
45.07
43.35
776.94
43.87
43.59
41.97
777.64
43.71
43.59
41.92
783.31
44.67
44.50
42.72
792.87
47.22
47.11
45.77
795.33
44.71
44.65
43.15
796.21
42.77
42.60
41.27
798.12
40.27
40.19
38.26
697.15
2.01
.08
42.95
42.90
41.91
737.62
1.04
.05
46.85
46.78
44.94
774.77
1.91
.06
44.91
44.74
42.96
801.80
1.95
.17
44.86
44.50
43.24
782.66
1.62
.36
45.61
45.28
43.57
785.66
2.04
.33
44.11
43.83
42.22
786.53
1.90
.28
44.00
43.87
42.20
792.31
1.80
.13
44.91
44.74
42.96
801.80
1.95
.17
47.29
47.18
45.85
804.40
1.44
44.69
44.64
43.14
804.46
1.56
.05
42.75
42.58
41.25
806.15
1.50
.17
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.
Seasonally adjusted
Measures2
1 Ml
2 M2
3 M3
1.219.0
5,800.6
8.568.0
1.304.2
6,079.6
8,872.3
1.372.1
6,421.9
9,433.0
1.368.8
6,675.7'
10,154.0
1.368.8
6,675.7'
10,154.0
1.383.0
6,737.9'
10,242.8
1.376.9'
6,761.2'
10,298.7
1.385.3
6,778.5
n .a.
626.2
7.8
306.0
279.1
662.3
7.7
324.6
309.5
697.3
7.6
340.3
327.0
723.5
7.3
320.5
317.5'
723.5
7.3
320.5
317.5'
729.4
7.2
326.8
319.6
733.7
7.1
319.4
316.7
736.5
6.9
323.1
318.9
4,581.5
2,767.4
4,775.4
2,792.7
5,049.7
3,011.1
5,306.9'
3,478.5
5,306.9'
3,478.5
5,354.9
3,506.0
5,384.4
3,540.2
5,393.2
n .a.
Commercial banks
10 Savings deposits, including MMDAs . . .
11 Small time deposits9
12 Large time deposits10-"
2,060.9
590.1
698.2
2,337.9
536.4
764.5
2,632.2
545.2
909.3
2,771.0
637.5
1.122.9
2,771.0
637.5
1.122.9
2,787.7
646.1
1.152.5
2,791.5
657.0
1.168.3
2,783.2
668.1
n .a.
Thrift institutions
13 Savings deposits, including MMDAs . . .
14 Small time deposits9
15 Large time deposits10
717.9
302.4
117.5
831.5
273.4
120.7
887.5
271.6
161.5
851.1'
336.5
230.7
851.1'
336.5
230.7
859.5'
341.1
235.5
865.9
346.7
234.9
857.9
352.3
n .a.
910.2
1,247.7
796.2
1,117.5
713.3
1,068.7
710.9
1,136.8
710.9
1,136.8
720.5
1,150.8
723.3
1,148.0
731.6
1,155.0
473.4
230.7
494.8
295.3
492.6
379.1
564.3
423.9
564.3
423.9
548.3
418.8
565.2
423.8
1,378.0'
6,707.8'
10,221.9
1,363.1
6,718.2
10,276.1
1,394.7
6,784.1
736.7
6.9
329.2
321.9
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
n .a.
n .a.
Not seasons lly adjusted
2
Measures
20 Ml
21 M2
22 M3
1,245.0
5,832.3
8,633.5
1,332.1
6,112.0
8,927.8
1,401.3
6.456.7
9,482.2
1,396.8
6,713.3'
10,201.4
1,396.8
6,713.3'
10,201.4
630.3
7.7
323.3
283.8
666.7
7.6
342.8
315.0
702.4
7.5
358.8
332.6
729.0
7.2
337.7
322.9
729.0
7.2
337.7
322.9
727.3
7.2
322.0
321.5
733.5
7.0
312.3
310.2
Nontransaction components
27 In M27
28 In M3 onlys
4,587.2
2,801.3
4,779.9
2,815.9
5,055.4
3,025.4
5,316.5'
3,488.3
5,316.5'
3,488.3
5,329.9
3,515.2
5,355.1
3,560.7
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
536.2
760.9
2,633.4
544.9
903.3
2,775.3
636.9
1,114.4
2,775.3
636.9
1,114.4
2,765.4
645.4
1,142.4
2,766.3
656.6
1,161.3
2,777.2
668.0
Thrift institutions
32 Savings deposits, including MMDAs . . .
33 Small time deposits9
34 Large time deposits10
718.2
302.4
117.3
831.5
273.3
120.1
887.9
271.4
160.4
852.5
336.2
228.9
852.5
336.2
228.9
852.7
340.7
233.5
858.0'
346.4
233.5
856.0
352.2
914.8
1.281.3
800.9
1,144.4
717.9
1.090.6
715.7
1,156.8
715.7
1.156.8
725.7
1.174.1
727.8
1,161.4
736.0
1.157.4
476.4
228.8
497.6
292.8
494.6
376.6
566.1
422.0
566.1
422.0
541.1
424.1
574.3
430.2
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 appeal on following page.
14
Federal Reserve Bulletin Statistical Supplement • June 2006
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
Wednesday figures
Monthly averages
Account
2005
r
May
Nov.
2006
2006
2005
r
Dec.'
Jan.'
Feb.'
Mar.'
Apr.'
May
May 10
May 17
May 24
May 31
Seasonally 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
7,158.8
2.067.4
1,198.5
868.8
5,091.4
983.3
2,690.9
427.0
2 263 9
703.7
237.1
476.4
289.5
327.4
673.8
7,449.5
2,060.1
1,143.1
917.0
5,389.4
1,033.4
2,882.2
437.1
2 445 1
711.8
248.0
514.0
306.3
313.3
708.0
7,501.3
2,052.3
1,139.1
913.1
5,449.0
1,043.9
2,909.4
436.6
2,472.7
707.4
263.8
524.5
282.1
319.0
706.4
7,558.3
2,067.6
1,150.1
917.5
5,490.7
1,061.1
2,933.5
435.4
2,498.1
711.6
255.2
529.3
289.9
319.9
726.8
7,645.4
2,105.2
1,180.6
924.6
5,540.3
1,071.1
2,959.0
433.5
2,525.6
711.8
262.9
535.5
289.5
316.7
754.8
7,712.5
2,113.7
1,185.4
928.2
5,598.8
1,081.8
2,988.3
434.8
2,553.5
722.1
268.8
537.8
300.1
318.0
753.9
7,802.9
2,165.5
1,196.5
969.0
5,637.5
1,098.6
3,012.8
431.1
2,581.7
726.7
261.2
538.1
298.9
313.2
760.8
7,921.4
2,202.1
1,193.0
1,009.0
5,719.3
1,117.8
3,039.8
428.3
2,611.5
733.6
283.4
544.6
285.5
302.6
784.2
7,901.6
2,205.3
1,189.7
1,015.6
5,696.3
1,116.2
3,027.2
428.0
2,599.2
729.4
278.6
544.9
285.7
300.0
786.5
7,920.9
2,203.7
1,192.4
1,011.3
5,717.2
1,121.2
3,034.2
428.5
2,605.7
733.9
285.5
542.3
269.5
305.9
774.2
7,938.6
2,202.2
1,194.7
1,007.6
5,736.4
1,117.4
3,046.7
428.4
2,618.3
736.0
285.1
551.2
289.7
300.7
787.1
7,950.0
2,200.3
1,193.4
1,006.8
5,749.7
1,118.1
3,057.8
427.9
2,629.9
737.7
293.9
542.2
291.6
300.4
796.7
8,381.5
8,709.5
8,741.3
8,828.4
8,940.0
9,017.3
9,108.3
9,225.7
9,206.0
9,202.6
9,247.7
9,270.7
5,510.7
676.7
4,834.0
1,299.9
3,534.0
1,641.3
368.6
1,272.8
50.9
490.2
5,733.5
672.9
5,060.7
1,414.5
3,646.2
1,709.4
368.5
1,340.9
76.7
501.1
5,766.7
665.1
5,101.6
1,432.5
3,669.1
1,733.4
366.3
1,367.1
72.8
493.1
5,816.4
666.3
5,150.2
1,454.3
3,695.8
1,748.8
381.8
1,367.0
73.2
482.6
5,827.7
662.6
5,165.1
1,476.8
3,688.3
1,783.4
371.0
1,412.4
60.3
494.6
5,898.7
677.9
5,220.8
1,525.1
3,695.7
1,792.5
378.1
1,414.4
56.4
498.7
5,960.9
661.6
5,299.3
1,551.3
3,748.1
1,780.4
370.6
1,409.7
67.4
536.9
5,973.0
673.9
5,299.1
1,572.0
3,727.1
1,817.7
367.5
1,450.2
92.7
568.2
5,942.3
658.3
5,284.0
1,560.6
3,723.5
1,816.0
368.0
1,448.0
96.6
568.1
5,962.9
671.6
5,291.3
1,568.8
3,722.5
1,803.4
360.4
1,443.0
94.8
571.1
6,004.0
700.9
5,303.1
1,578.4
3,724.7
1,827.3
366.4
1,460.8
110.8
560.7
5,983.8
675.7
5,308.1
1,580.5
3,727.6
1,831.2
370.2
1,461.0
74.4
577.7
7,693.1
8,020.7
8,066.0
8,121.0
8,166.0
8,246.3
8,345.6
8,451.6
8,422.9
8,432.2
8,502.7
8,467.1
688.4
688.8
675.3
707.4
774.0
771.0
762.7
774.1
783.1
770.4
745.1
803.6
Not seasona lly 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.
7,154.9
2,075.5
1,208.7
866.7
5,079.5
988.7
2,689.0
427.9
2 261 1
698.4
303.1
395.3
229.0
474.4
288.3
324.1
678.2
7,484.8
2,071.8
1,153.0
918.7
5,413.0
1,030.3
2,901.0
437.1
2 463 9
715.0
309.4
405.7
253.2
513.5
313.5
321.9
708.2
7,545.4
2,058.5
1,141.7
916.8
5,486.9
1,042.3
2,921.1
435.4
2,485.6
718.2
320.1
398.1
275.7
529.6
287.0
335.9
704.4
7,571.5
2,066.3
1,144.2
922.1
5,505.2
1,060.2
2,936.2
433.4
2,502.9
723.7
318.3
405.4
258.3
526.8
289.2
332.0
723.5
7,635.5
2,100.8
1,176.8
924.0
5,534.7
1,074.5
2,956.0
433.7
2,522.3
716.6
306.1
410.6
261.3
526.2
287.9
314.8
749.7
7,679.0
2,103.6
1,179.5
924.1
5,575.3
1,085.5
2,972.1
431.6
2,540.5
716.6
296.8
419.8
268.0
533.0
302.9
307.2
748.9
7,787.6
2,163.0
1,199.4
963.5
5,624.6
1,105.8
2,998.9
429.7
2,569.3
720.0
299.4
420.6
263.8
536.1
305.3
308.1
763.6
7,915.9
2,210.0
1,203.5
1,006.5
5,705.9
1,124.0
3,037.6
429.2
2,608.4
728.0
306.3
421.7
274.1
542.2
282.4
299.2
789.1
7,895.5
2,209.0
1,198.9
1,010.1
5,686.5
1,121.1
3,033.4
429.2
2,604.2
722.8
301.7
421.1
268.6
540.5
284.0
287.7
794.3
7,914.5
2,211.7
1,202.1
1,009.6
5,702.9
1,126.1
3,033.7
429.5
2,604.2
728.6
307.8
420.8
275.0
539.4
269.5
292.4
781.4
7,921.3
2,209.0
1,206.3
1,002.7
5,712.3
1,123.9
3,042.6
429.2
2,613.3
731.1
310.0
421.1
270.5
544.2
278.8
285.3
787.3
7,953.8
2,214.2
1,205.0
1,009.1
5,739.6
1,124.7
3,049.7
428.6
2,621.1
732.2
307.9
424.3
286.7
546.3
289.9
326.2
802.7
8,377.6
8,760.5
8,805.0
8,849.7
8,921.4
8,970.6
9,097.3
9,218.6
9,193.7
9,189.8
9,204.6
9,304.5
5,507.3
668.0
4,839.3
1,309.8
3 529 5
1,652.7
368.6
1,284.1
47.2
487.0
5,746.9
678.8
5,068.1
1,405.1
3 663 0
1,705.1
369.3
1,335.8
85.9
510.2
5,792.0
701.5
5,090.5
1,426.8
3,663.6
1,723.1
364.1
1,359.0
80.0
499.8
5,806.2
674.6
5,131.6
1,458.1
3,673.5
1,747.4
381.1
1,366.3
80.1
488.9
5,830.7
654.0
5,176.7
1,480.2
3,696.5
1,781.4
369.7
1,411.7
67.2
501.3
5,893.8
674.2
5,219.6
1,524.2
3,695.4
1,785.1
377.1
1,408.0
48.0
489.9
5,982.8
669.4
5,313.4
1,555.5
3,757.9
1,784.6
373.5
1,411.1
52.5
521.3
5,970.6
665.2
5,305.3
1,583.4
3,721.9
1,830.7
367.4
1,463.3
87.2
564.2
5,948.0
613.7
5,334.3
1,569.2
3,765.1
1,833.8
372.0
1,461.8
87.6
560.6
5,955.3
658.0
5,297.4
1,578.7
3,718.6
1,814.1
360.5
1,453.6
89.0
567.4
5,943.6
706.4
5,237.2
1,589.7
3,647.6
1,827.9
360.9
1,466.9
108.2
559.6
6,030.3
696.2
5,334.1
1,596.6
3,737.5
1,846.9
368.5
1,478.4
73.4
578.0
7,694.2
8,048.1
8,094.9
8,122.7
8,180.5
8,216.7
8,341.2
8,452.7
8,430.0
8,425.9
8,439.3
8,528.6
683.5
712.4
710.1
727.1
740.9
753.9
756.0
765.9
763.7
763.9
765.3
775.9
16
Federal Reserve Bulletin Statistical Supplement • June 2006
1.26
COMMERCIAL BANKS IN THE UNITED STATES
B. Domestically chartered commercial banks
Assets and Liabilities' —Continued
Billions of dollars
Wednesday figures
Monthly averages
Account
2005
r
May
Nov.
2006
2006
2005
r
Dec.'
Jan.'
Feb.'
Mar.'
Apr.'
May
May 10
May 17
May 24
May 31
Seasonally adjusted
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Assets
Bank credit
Securities in bank credit
Treasury and Agency securities2 . .
Other securities
Loans and leases in bank credit3 . . . .
Commercial and industrial
Real estate
Revolving home equity
Other
Consumer
Security4
Other loans and leases
Interbank loans
Cash assets5
Other assets'"
16 Total assets7
17
18
19
20
21
22
23
24
25
26
Liabilities
Deposits
Transaction
Nontransaction
Large time
Other
Borrowings
From banks in the U.S
From others
Net due to related foreign offices
Other liabilities
27 Total liabilities
28 Residual (assets less liabilities)5
6,433.8
1.752.4
1,110.9
641.5
4,681.4
829.6
2,671.6
427.0
2 244 7
703.7
106.7
369.7
241.3
265.6
637.4
6,640.2
1,697.1
1,060.0
637.0
4,943.1
870.0
2,860.0
437.1
2 423 0
711.8
109.3
392.1
260.3
258.1
666.1
6,688.5
1,695.4
1,058.7
636.7
4,993.1
877.1
2,887.4
436.6
2,450.8
707.4
121.7
399.4
240.1
265.8
667.6
6,746.9
1,720.3
1,075.2
645.0
5,026.7
890.1
2,912.7
435.4
2,477.3
711.6
112.7
399.6
247.9
268.1
690.3
6,826.7
1,762.0
1,103.6
658.4
5,064.7
896.4
2,938.3
433.5
2,504.8
711.8
114.6
403.7
245.8
265.5
715.7
6,883.2
1,769.0
1,107.5
661.5
5,114.2
905.1
2,967.0
434.8
2,532.2
722.1
113.4
406.5
252.6
265.8
716.5
6,953.9
1,808.5
1,119.1
689.3
5,145.4
916.3
2,990.8
431.1
2,559.7
726.7
105.4
406.3
250.8
263.9
720.7
7,019.8
1,819.2
1,112.5
706.6
5,200.6
930.5
3,017.3
428.3
2,589.0
733.6
111.4
407.8
239.7
252.9
735.5
7,005.4
1,819.3
1,105.9
713.4
5,186.1
929.2
3,005.3
428.0
2,577.3
729.4
115.2
407.0
243.4
251.4
735.1
7,013.2
1,818.8
1,110.3
708.5
5,194.3
933.4
3,011.2
428.5
2,582.7
733.9
110.0
405.7
226.6
258.5
723.6
7,036.1
1,821.4
1,116.1
705.3
5,214.7
931.1
3,023.9
428.4
2,595.5
736.0
109.4
414.2
241.5
248.3
736.8
7,036.3
1,816.1
1,115.8
700.3
5,220.2
929.0
3,035.2
427.9
2,607.3
737.7
112.6
405.7
244.8
248.9
751.6
7,510.6
7,757.4
7,794.9
7,887.2
7,987.9
8,051.5
8,122.2
8,180.3
8,168.0
8,154.3
8,195.0
8,214.1
4 921 0
663.7
4,257.3
743.2
3,514.1
1,271.1
324.1
947.0
246.2
395.0
5 123 9
660.9
4,463.0
823.4
3,639.6
1,296.9
308.7
988.1
261.3
387.4
5,159.4
653.0
4,506.5
839.3
3,667.2
1,304.6
305.4
999.2
266.8
383.8
5,202.1
653.5
4,548.5
854.1
3,694.5
1,313.4
316.8
996.6
282.4
383.2
5,208.3
649.4
4,558.9
870.1
3,688.8
1,344.2
310.8
1,033.4
269.5
393.1
5,248.4
664.4
4,584.0
887.0
3,697.0
1,356.4
316.2
1,040.2
275.6
402.0
5,287.7
648.9
4,638.8
903.0
3,735.8
1,360.5
315.3
1,045.2
283.5
430.3
5,300.1
662.2
4,637.9
925.8
3,712.1
1,381.2
316.5
1,064.7
298.6
437.8
5,279.4
647.4
4,632.0
923.8
3,708.1
1,386.7
320.1
1,066.6
292.7
438.5
5,295.1
659.5
4,635.6
926.0
3,709.7
1,363.4
308.9
1,054.5
296.2
440.4
5,328.2
688.8
4,639.4
928.2
3,711.2
1,403.2
320.6
1,082.5
303.7
427.4
5,304.5
663.7
4,640.8
932.1
3,708.6
1,372.6
311.0
1,061.6
300.8
445.3
6,833.4
7,069.4
7,114.7
7,181.0
7,215.1
7,282.3
7,362.0
7,417.6
7,397.3
7,395.1
7,462.4
7,423.2
677.3
688.0
680.2
706.2
772.8
769.1
760.3
762.7
770.7
759.3
732.6
790.9
Not seasona lly adjusted
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
Assets
Bank credit
Securities in bank credit
Treasury and Agency securities2 . .
Other securities
Loans and leases in bank credit3 . . . .
Commercial and industrial
Real estate
Revolving home equity
Other
Other residential
Commercial
Consumer
Credit cards and related plans . .
Other
Security4
Other loans and leases
Interbank loans
Cash assets5
Other assets'"
48 Total assets7
49
50
51
52
53
54
55
56
57
58
Liabilities
Deposits
Transaction
Nontransaction
Large time
Other
Borrowings
From banks in the U.S
From others
Net due to related foreign offices
Other liabilities
59 Total liabilities
60 Residual (assets less liabilities)5
Footnotes appear on p. 21.
6,432.6
1,760.5
1,121.1
639.4
4,672.1
835.1
2,669.7
427.9
2 241 9
1,110.5
1,131.3
698.4
303.1
395.3
101.8
367.1
240.2
263.1
641.4
6,675.8
1,708.7
1,070.0
638.7
4,967.1
868.6
2,878.8
437.1
2 441 7
1,208.7
1,233.1
715.0
309.4
405.7
110.5
394.1
267.4
266.0
666.7
6,726.8
1,701.7
1,061.2
640.4
5,025.1
875.0
2,899.1
435.4
2,463.7
1,213.5
1,250.2
718.2
320.1
398.1
127.0
405.8
245.0
281.4
664.5
6,755.9
1,719.0
1,069.4
649.7
5,036.9
887.6
2,915.5
433.4
2,482.1
1,215.8
1,266.3
723.7
318.3
405.4
111.6
398.5
247.2
279.3
685.8
6,814.5
1,757.6
1,099.8
657.9
5,056.8
897.5
2,935.2
433.7
2,501.5
1,221.4
1,280.2
716.6
306.1
410.6
110.3
397.1
244.3
264.3
709.6
6,846.7
1,759.0
1,101.5
657.4
5,087.8
907.3
2,950.9
431.6
2,519.3
1,229.5
1,289.8
716.6
296.8
419.8
110.9
402.1
255.3
256.7
711.7
6,931.9
1,806.0
1,122.1
683.9
5,125.9
922.4
2,977.0
429.7
2,547.3
1,243.9
1,303.3
720.0
299.4
420.6
103.8
402.8
257.2
259.5
724.4
7,017.8
1,827.1
1,123.1
704.1
5,190.7
936.6
3,015.1
429.2
2,585.9
1,265.2
1,320.7
728.0
306.3
421.7
106.3
404.7
236.6
250.0
739.8
7,003.3
1,823.0
1,115.1
707.9
5,180.3
934.9
3,011.5
429.2
2,582.3
1,265.1
1,317.2
722.8
301.7
421.1
109.0
402.1
241.8
240.1
744.4
7,011.8
1,826.8
1,120.0
706.8
5,185.0
938.3
3,010.7
429.5
2,581.2
1,259.7
1,321.5
728.6
307.8
420.8
105.2
402.2
226.5
245.0
729.5
7,025.9
1,828.2
1,127.7
700.5
5,197.7
936.9
3,019.7
429.2
2,590.5
1,267.1
1,323.4
731.1
310.0
421.1
102.2
407.8
230.7
233.6
735.6
7,041.3
1,830.0
1,127.4
702.6
5,211.3
935.5
3,027.1
428.6
2,598.5
1,274.0
1,324.5
732.2
307.9
424.3
109.0
407.5
243.1
275.3
755.5
7,509.7
7,808.6
7,850.5
7,902.2
7,966.7
8,003.6
8,106.2
8,176.8
8,162.4
8,145.4
8,158.2
8,247.7
4 907 2
655.3
4,251.9
742.8
3,509.1
1,282.5
324.1
958.4
245.5
394.0
5 147 3
667.0
4,480.3
823.7
3,656.6
1,292.6
309.5
983.1
266.1
393.0
5,189.5
688.9
4,500.5
838.8
3,661.8
1,294.3
303.2
991.2
271.0
388.4
5,189.6
661.7
4,527.9
855.7
3,672.2
1,312.0
316.1
995.9
287.9
388.5
5,210.1
640.3
4,569.8
872.7
3,697.0
1,342.1
309.4
1,032.7
276.6
399.9
5,240.4
660.4
4,579.9
883.3
3,696.7
1,348.9
315.1
1,033.8
269.0
394.3
5,300.5
656.7
4,643.7
898.2
3,745.5
1,364.7
318.1
1,046.6
271.4
416.4
5,285.7
653.8
4,631.9
925.3
3,706.7
1,394.2
316.4
1,077.8
297.2
436.7
5,275.0
603.1
4,671.9
922.4
3,749.6
1,404.6
324.2
1,080.4
287.9
434.0
5,274.8
646.2
4,628.6
923.1
3,705.5
1,374.1
309.0
1,065.1
295.3
440.2
5,255.6
694.6
4,560.9
927.1
3,633.8
1,403.8
315.1
1,088.7
306.3
430.0
5,336.5
684.3
4,652.2
934.1
3,718.1
1,388.3
309.3
1,079.1
302.3
447.5
6,829.1
7,099.0
7,143.2
7,178.0
7,228.6
7,252.6
7,353.0
7,413.8
7,401.5
7,384.3
7,395.7
7,474.6
680.6
709.6
707.3
724.3
738.0
751.0
753.2
763.0
760.9
761.1
762.5
773.1
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
Wednesday figures
Monthly averages
Account
2005
r
May
Nov.
2006
2006
2005
r
Dec.'
Jan.'
Feb.'
Mar.'
Apr.'
May
May 10
May 17
May 24
May 31
Seasonally 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 5
32 Cash assets
33 Other assets'"
34 Total assets7
35
36
37
38
39
40
41
42
43
44
Liabilities
Deposits
Transaction
Nontransaction
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.
3,570.9
1,027.4
610.2
52.0
558.3
459.0
99.3
417.1
217.3
199.8
36.6
163.3
2,543.5
488.3
1,308.0
300.5
1,007.5
625.1
382.4
382.0
98.4
3,670.1
994.6
571.3
40.3
530.9
435.7
95.2
423.3
203.3
220.0
37.8
182.2
2,675.5
505.2
1,408.2
304.8
1,103.5
692.5
411.0
383.4
98.2
3,705.1
998.9
572.6
33.3
539.2
447.3
91.9
426.3
200.3
226.0
38.7
187.3
2,706.2
510.2
1,419.8
304.5
1,115.2
698.7
416.5
377.0
111.1
3,728.6
1,018.8
587.8
36.3
551.5
469.6
81.9
431.1
204.9
226.1
39.8
186.3
2,709.8
519.1
1,425.9
306.2
1,119.7
698.7
421.0
378.1
101.3
3,787.4
1,056.4
614.2
40.2
574.1
494.0
80.1
442.1
208.3
233.8
41.2
192.6
2,731.0
522.3
1,434.9
304.3
1,130.5
705.7
424.9
383.2
103.2
3,819.8
1,071.7
626.3
38.5
587.9
507.5
80.4
445.3
205.4
239.9
42.2
197.7
2,748.1
527.0
1,435.3
305.7
1,129.5
705.2
424.4
394.9
101.8
3,871.6
1,114.3
640.2
42.7
597.4
512.2
85.3
474.2
227.3
246.8
43.3
203.5
2,757.2
534.3
1,442.9
304.2
1,138.7
711.7
427.1
397.6
93.6
3,915.7
1,124.6
633.1
38.9
594.3
511.6
82.7
491.5
241.8
249.7
45.1
204.6
2,791.1
545.1
1,452.0
302.6
1,149.4
715.8
433.6
402.8
100.1
3,913.9
1,124.4
625.5
34.3
591.2
505.2
86.0
498.9
247.7
251.1
45.0
206.2
2,789.5
545.5
1,447.3
302.7
1,144.6
715.6
429.0
401.7
104.0
3,911.8
1,126.1
632.0
38.6
593.4
511.0
82.4
494.0
244.0
250.0
45.1
205.0
2,785.7
547.9
1,447.2
302.6
1,144.6
711.2
433.3
402.2
98.9
3,927.4
1,127.4
637.0
43.2
593.8
511.9
81.8
490.4
239.4
251.0
45.8
205.2
2,800.0
544.8
1,457.5
303.0
1,154.6
716.9
437.7
402.7
97.9
3,919.0
1,119.6
636.2
37.4
598.8
519.5
79.3
483.4
237.0
246.5
45.0
201.5
2,799.4
542.4
1,460.9
302.3
1,158.6
723.1
435.5
406.1
101.5
82.7
15.7
17.0
9.1
80.8
17.4
18.8
9.7
93.7
17.4
18.9
9.9
84.1
17.2
18.9
9.8
84.8
18.4
19.1
9.8
84.1
17.7
18.9
9.7
75.4
18.2
18.9
9.6
80.3
19.8
19.2
9.8
84.4
19.6
19.1
9.9
79.4
19.4
19.3
9.9
78.0
19.9
19.3
9.8
80.8
20.7
19.3
9.8
20.6
128.6
91.4
164.3
18.7
142.1
91.2
159.7
22.2
146.2
90.9
150.2
21.1
145.4
90.3
149.8
18.1
150.2
90.2
144.1
19.9
150.1
90.4
145.2
18.9
150.9
90.5
142.0
18.0
153.0
91.0
136.8
17.3
154.1
90.6
138.5
16.4
153.0
90.9
124.1
19.7
157.0
91.3
139.5
19.7
148.3
91.4
142.9
98.8
65.5
150.8
442.9
95.4
64.3
139.5
465.6
84.7
65.5
146.1
463.6
82.2
67.6
145.0
473.2
72.7
71.5
143.1
478.8
72.4
72.8
145.7
474.5
79.1
62.9
146.1
474.9
76.9
59.9
138.2
486.1
79.3
59.2
134.8
486.7
65.2
58.9
139.6
479.6
76.3
63.2
132.3
496.1
85.3
57.6
143.4
486.2
4,294.2
4,401.1
4,431.4
4,464.0
4,520.9
4,552.2
4,601.4
4,643.6
4,640.8
4,622.0
4,662.0
4,658.4
2,501.2
316.1
2,185.1
347.9
1,837.1
755.2
153.0
602.2
235.4
323.9
2,576.8
303.3
2,273.5
384.1
1,889.4
773.7
136.9
636.9
247.8
315.6
2,604.7
307.1
2,297.6
400.4
1,897.1
779.9
137.5
642.4
252.6
314.3
2,618.1
304.9
2,313.3
406.7
1,906.6
777.8
143.5
634.3
263.8
310.8
2,603.9
299.3
2,304.6
414.1
1,890.5
810.2
144.7
665.5
249.9
317.4
2,631.2
310.0
2,321.2
423.9
1,897.3
823.4
149.0
674.4
257.1
325.1
2,660.2
302.7
2,357.5
438.6
1,918.8
833.6
150.7
682.9
264.7
353.7
2,669.1
312.4
2,356.7
453.6
1,903.1
842.1
146.8
695.3
279.1
361.1
2,659.9
303.5
2,356.5
453.7
1,902.8
850.2
152.2
698.0
272.7
362.0
2,658.6
309.8
2,348.8
453.9
1,894.9
827.5
141.7
685.8
277.8
364.3
2,688.6
332.3
2,356.2
454.1
1,902.1
859.0
148.0
711.0
283.0
351.6
2,674.7
309.3
2,365.4
457.7
1,907.8
834.0
141.8
692.2
281.5
366.9
3,815.6
3,914.0
3,951.5
3,970.6
3,981.4
4,036.9
4,112.1
4,151.4
4,144.8
4,128.2
4,182.2
4,157.0
478.6
487.1
479.9
493.4
539.5
515.3
489.3
492.2
496.0
493.8
479.9
501.3
18
Federal Reserve Bulletin Statistical Supplement • June 2006
1.26
COMMERCIAL BANKS IN THE UNITED STATES Assets and Liabilities' —Continued
C. Large domestically chartered commercial banks—Continued
Billions of dollars
Wednesday figures
Monthly averages
Account
2005
May
Nov.
2006
2006
2005
Dec.
Jan.
Feb.
Mar.
Apr.
May
May 10
May 17
May 24
May 31
Not seasonally 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 s
80 Cash assets
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.
3 578 2
1.037.6
622.6
54.8'
567.8
467.0
100.8
415.0
216.2
198.8
36.4
162.4
2.540.5
491.5'
1.310.7
301.4
1.009.4
627.3
382.0
379.8
143.3
236.5
93.6
3 690 T
1.007.5
582.5'
42.2'
540.3
444.1
96.1
425.0'
204.1'
220.9
38.0
182.9
2.682.6'
504.7'
1.413.3'
304.9
1.108.4'
695.0'
413.4'
383.1
142.2
240.9
99.3
3,725.2
1,002.3
572.3'
32.1
540.1
448.2
92.0
430.0'
202.1'
227.9
39.0
188.9
2.722.9
508.7'
1.422.7'
303.8
1,118.9'
700.5'
418.5'
380.8
147.9
232.9
116.3
3,732.4
1,018.3
582.6
34.7
547.9
466.5
81.4
435.7
207.1
228.6
40.3
188.3
2.714.1
516.7'
1.425.3'
304.7
1.120.6'
698.4'
422.2'
384.9'
146.7
238.3
100.5
3,777.4
1,052.6
611.0
42.5
568.5
487.8
80.6
441.6
208.1'
233.6
41.2
192.4
2.724.8
523.3'
1.432.2'
304.9
1.127.3'
701.9'
425.4'
386.8
143.7
243.1
99.0
3,791.3'
1,055.9
614.7
39.0
575.7
496.1
79.6
441.2
203.5
237.7
41.9
195.8
2.735.3
528.4'
1.428.3'
303.1
1.125.2'
701.1'
424.1'
393.3
138.6
254.8
98.9
3,860.6'
1,108.6
639.9
43.4
596.5
510.7
85.8
468.7
224.7
244.0
42.8
201.2
2.752.0'
538.4'
1.439.8'
303.1
1.136.7'
710.3'
426.4'
395.2
138.4
256.8'
92.0
3,922.5
1,134.4
645.5
40.9
604.6
520.6
84.0
489.0
240.6
248.4
44.8
203.5
2.788.1
548.6
1.455.1
303.5
1.151.5
718.4
433.2
400.4
142.1
258.3
95.2
3,916.3
1,129.8
636.5
36.1
600.4
513.3
87.1
493.3
245.0
248.3
44.5
203.9
2.786.5
548.3
1.455.2
303.5
1.151.7
719.2
432.5
398.4
140.5
257.9
97.9
3,918.7
1,136.2
643.8
40.7
603.1
519.1
84.0
492.4
243.2
249.2
44.9
204.3
2.782.6
550.4
1.451.3
303.6
1.147.7
714.2
433.5
400.0
142.5
257.5
94.1
3,924.5
1,136.0
650.5
45.5
604.9
521.9
83.0
485.5
237.0
248.5
45.3
203.2
2.788.5
547.8
1.456.9
303.8
1.153.1
718.6
434.5
400.9
143.3
257.6
91.1
3,937.6
1,135.8
650.0
39.4
610.6
529.7
80.9
485.7
238.1
247.6
45.2
202.4
2.801.8
546.8
1.462.5
303.1
1.159.4
725.9
433.5
403.9
143.1
260.8
97.9
78.7
14.9
17.0
9.1
81.7
17.6
18.8
9.8
98.1
18.2
18.9
10.0
83.4
17.1
18.9
9.9
81.3
17.6
19.1
9.7
81.7
17.2
18.9
9.6
74.1
17.9
18.9
9.5
76.4
18.8
19.2
9.8
79.4
18.5
19.1
9.8
75.6
18.5
19.3
9.8
72.5
18.5
19.3
9.8
77.9
20.0
19.3
9.8
20.6
126.9'
91.3
167.3
18.7
143.7'
91.2
161.1
22.2
152.1
91.2
152.0
21.1
145.5'
91.2
150.2
18.1
145.8
91.0
139.9
19.9
146.9'
90.9
142.2'
18.9'
148.6
90.7
146.1'
18.0
150.9
90.9
139.2
17.3
149.8
90.7
141.4
16.4
150.5
90.7
130.2
19.7
152.3
90.8
136.9
19.7
150.6
91.2
145.0
100.6
66.7
149.6
446.8
96.3
64.8'
143.4
466.3
85.8
66.2
157.7
460.5
82.4
67.8
153.9
468.7
70.6
69.3
142.4
472.7
71.0
71.1
141.2
469.7
81.4'
64.7
145.3
478.6'
78.2
61.0
137.0
490.4
80.9
60.5
127.7
496.1
68.4
61.8
130.6
485.5
74.9
62.0
122.6
494.9
86.6
58.5
163.1
490.1
4,307.3
4,427.0'
4,461.7
4,472.7
4,499.7
4,511.1'
4,597.8'
4,656.0
4,648.3
4,631.9
4,645.7
4,702.7
2.490.6
311.5
2,179.1
347.5
1,831.6
766.5
153.0
613.6
234.6
322.9
2.588.0
306.3
2,281.8
384.4
1,897.3
769.5
137.6
631.8
252.6
321.2'
2.622.6
330.7
2,291.9
399.9
1,892.0
769.6
135.3
634.4
256.9
318.8'
2.612.0
311.2
2,300.8
408.3
1,892.5
776.4
142.8
633.6
269.3
316.2
2.612.0
294.5
2,317.4
416.8
1,900.7
808.1
143.3
664.8
257.0
324.2
2.624.3
308.4
2,315.9
420.2
1,895.7
816.0
148.0
668.0
250.5
317.4
2.666.0
308.8
2,357.1
433.8
1,923.3
837.9
153.5
684.3
252.5
339.8'
2.657.9
307.8
2,350.2
453.1
1,897.0
855.1
146.7
708.4
277.7
360.0
2.649.8
275.0
2,374.7
452.2
1,922.5
868.0
156.2
711.8
267.9
357.5
2.646.5
304.0
2,342.5
451.0
1,891.5
838.2
141.9
696.3
276.8
364.1
2.639.5
336.5
2,303.0
453.0
1,850.0
859.6
142.5
717.1
285.7
354.3
2.695.2
322.8
2,372.4
459.6
1,912.8
849.7
140.1
709.6
283.0
369.0
3,814.6
3,931.3'
3,968.0'
3,973.9
4,001.2
4,008.2
4,096.2'
4,150.8
4,143.2
4,125.7
4,139.1
4,196.9
492.7
495.7'
493.7'
498.8
498.5
502.9
505.2
505.1
506.2
506.7
505.8
501.6
Commercial Banking Institutions—Assets and Liabilities
1.26
COMMERCIAL BANKS IN THE UNITED STATES
D. Small domestically chartered commercial banks
19
Assets and Liabilities1—Continued
Billions of dollars
Wednesday figures
Monthly averages
Account
2005
r
May
Nov.
2006
2006
2005
r
Dec.'
Jan.'
Feb.'
Mar.'
Apr.'
May
May 10
May 17
May 24
May 31
Seasonally 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
2,861.2
723.3
498.9
224.4
2,137.9
341.3
1,363.6
126.5
1 237 2
321.7
8.3
102.9
77.1
114.8
194.6
2,968.6
701.0
487.2
213.7
2,267.6
364.8
1,451.8
132.3
1 319 5
328.4
11.1
111.5
100.6
118.6
200.4
2,982.4
695.5
485.1
210.4
2,286.9
366.9
1,467.6
132.1
1,335.6
330.5
10.6
111.3
89.9
119.7
204.0
3,017.5
700.6
486.7
213.9
2,316.9
371.0
1,486.9
129.2
1,357.7
333.5
11.4
114.1
98.1
123.1
217.1
3,040.7
707.1
490.8
216.3
2,333.7
374.1
1,503.4
129.1
1,374.3
328.6
11.3
116.2
101.7
122.4
236.9
3,067.7
701.7
485.4
216.2
2,366.1
378.1
1,531.8
129.1
1,402.7
327.2
11.7
117.3
107.3
120.1
242.0
3,083.5
695.3
480.1
215.2
2,388.2
382.0
1,547.9
126.9
1,421.0
329.1
11.8
117.4
108.8
117.8
245.8
3,102.6
693.1
477.9
215.1
2,409.5
385.4
1,565.3
125.7
1,439.6
330.9
11.3
116.7
102.9
114.7
249.4
3,089.2
692.5
478.0
214.5
2,396.7
383.6
1,558.0
125.3
1,432.6
327.7
11.2
116.1
105.0
116.6
248.3
3,099.9
691.2
476.7
214.5
2,408.6
385.5
1,564.0
125.9
1,438.1
331.7
11.2
116.3
102.5
118.8
244.0
3,107.5
692.8
477.9
215.0
2,414.7
386.3
1,566.4
125.4
1,441.0
333.3
11.5
117.1
102.0
116.0
240.7
3,116.4
695.6
478.8
216.8
2,420.8
386.6
1,574.3
125.7
1,448.6
331.6
11.1
117.2
101.9
105.5
265.4
3,214.7
3,354.8
3,362.6
3,422.4
3,468.4
3,503.6
3,522.0
3,535.2
3,524.9
3,530.8
3,531.8
3,554.8
2,419.9
347.6
2,072.2
395.3
1,677.0
515.9
171.2
344.8
10.9
71.1
2,547.0
357.5
2,189.5
439.3
1,750.2
523.1
171.9
351.3
13.5
71.8
2,554.8
345.9
2,208.9
438.8
1,770.1
524.7
167.9
356.8
14.1
69.5
2,583.9
348.6
2,235.3
447.4
1,787.9
535.6
173.2
362.3
18.6
72.3
2,604.3
350.0
2,254.3
455.9
1,798.4
534.0
166.1
367.8
19.6
75.7
2,617.2
354.4
2,262.8
463.1
1,799.7
532.9
167.2
365.8
18.5
76.9
2,627.5
346.2
2,281.4
464.4
1,817.0
526.8
164.6
362.2
18.9
76.6
2,631.0
349.8
2,281.2
472.2
1,809.0
539.1
169.7
369.4
19.5
76.6
2,619.4
343.9
2,275.5
470.1
1,805.4
536.5
168.0
368.6
20.0
76.6
2,636.5
349.6
2,286.8
472.0
1,814.8
535.9
167.2
368.7
18.4
76.1
2,639.6
356.4
2,283.2
474.1
1,809.1
544.2
172.6
371.5
20.7
75.8
2,629.8
354.5
2,275.3
474.5
1,800.9
538.6
169.1
369.5
19.4
78.5
3,017.8
3,155.4
3,163.2
3,210.4
3,233.6
3,245.4
3,249.8
3,266.2
3,252.5
3,266.9
3,280.2
3,266.2
196.9
199.4
199.4
212.0
234.7
258.1
272.1
269.0
272.3
264.0
251.5
288.6
Not seasona lly adjusted
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
Assets
Bank credit
Securities in bank credit
Treasury and Agency securities2 . .
Other securities
Loans and leases in bank credit3 . . . .
Commercial and industrial
Real estate
Revolving home equity
Other
Other residential
Commercial
Consumer
Credit cards and related plans . .
Other
Security4
Other loans and leases
Interbank loans
Cash assets5
Other assets'"
48 Total assets7
49
50
51
52
53
54
55
56
57
58
Liabilities
Deposits
Transaction
Nontransaction
Large time
Other
Borrowings
From banks in the U.S
From others
Net due to related foreign offices
Other liabilities
59 Total liabilities
60 Residual (assets less liabilities)5
Footnotes appear on p. 21.
2,854.4
722.9
498.5
224.4
2,131.5
343.6
1,359.0
126.5
1,232.5
483.2
749.3
318.5
159.7
158.8
8.1
102.2
72.9
113.5
194.6
2,985.7
701.2
487.5
213.7
2,284.5
363.9
1,465.5
132.2
1,333.3
513.7
819.7
331.9
167.1
164.8
11.2
111.9
106.3
122.6
200.4
3,001.6
699.4
489.0
210.4
2,302.2
366.3
1,476.4
131.6
1,344.8
513.0
831.7
337.4
172.2
165.1
10.7
111.5
93.0
123.7
204.0
3,023.5
700.7
486.8
213.9
2,322.7
370.9
1,490.2
128.7
1,361.5
517.4
844.1
338.7
171.6
167.1
11.1
111.9
97.0
125.3
217.1
3,037.1
705.0
488.8
216.3
2,332.1
374.2
1,503.1
128.8
1,374.2
519.5
854.8
329.9
162.4
167.5
11.4
113.5
104.4
121.9
236.9
3,055.5
703.0
486.8
216.2
2,352.4
378.9
1,522.6
128.4
1,394.1
528.4
865.7
323.3
158.2
165.1
11.9
115.7
113.1
115.5
242.0
3,071.3
697.4
482.3
215.2
2,373.9
383.9
1,537.1
126.6
1,410.6
533.6
876.9
324.8
161.0
163.7
11.8
116.2
111.1
114.2
245.8
3,095.3
692.7
477.6
215.1
2,402.6
388.0
1,560.0
125.7
1,434.3
546.8
887.6
327.6
164.3
163.3
11.1
115.9
97.4
113.1
249.4
3,087.0
693.2
478.6
214.5
2,393.8
386.6
1,556.2
125.6
1,430.6
545.9
884.7
324.4
161.2
163.2
11.1
115.5
100.4
112.5
248.3
3,093.0
690.6
476.1
214.5
2,402.4
387.9
1,559.4
125.9
1,433.5
545.5
887.9
328.6
165.4
163.3
11.0
115.5
96.3
114.5
244.0
3,101.4
692.2
477.2
215.0
2,409.3
389.1
1,562.9
125.4
1,437.4
548.5
889.0
330.2
166.7
163.5
11.1
115.9
93.8
111.0
240.7
3,103.7
694.2
477.4
216.8
2,409.5
388.8
1,564.6
125.5
1,439.1
548.1
891.0
328.3
164.9
163.5
11.0
116.8
98.0
112.2
265.4
3,202.4
3,381.5
3,388.8
3,429.5
3,467.0
3,492.5
3,508.4
3,520.8
3,514.1
3,513.5
3,512.4
3,545.0
2,416.6
343.8
2,072.9
395.3
1,677.6
515.9
171.2
344.8
10.9
71.1
2,559.3
360.7
2,198.6
439.3
1,759.2
523.1
171.9
351.3
13.5
71.8
2,566.9
358.3
2,208.6
438.8
1,769.8
524.7
167.9
356.8
14.1
69.5
2,577.6
350.5
2,227.1
447.4
1,779.7
535.6
173.2
362.3
18.6
72.3
2,598.1
345.8
2,252.3
455.9
1,796.4
534.0
166.1
367.8
19.6
75.7
2,616.1
352.1
2,264.0
463.1
1,800.9
532.9
167.2
365.8
18.5
76.9
2,634.5
347.9
2,286.6
464.4
1,822.2
526.8
164.6
362.2
18.9
76.6
2,627.8
346.0
2,281.8
472.2
1,809.6
539.1
169.7
369.4
19.5
76.6
2,625.2
328.0
2,297.2
470.1
1,827.0
536.5
168.0
368.6
20.0
76.6
2,628.3
342.2
2,286.1
472.0
1,814.1
535.9
167.2
368.7
18.4
76.1
2,616.1
358.1
2,257.9
474.1
1,783.8
544.2
172.6
371.5
20.7
75.8
2,641.3
361.5
2,279.8
474.5
1,805.3
538.6
169.1
369.5
19.4
78.5
3,014.5
3,167.6
3,175.3
3,204.1
3,227.4
3,244.4
3,256.8
3,263.0
3,258.3
3,258.7
3,256.6
3,277.7
187.9
213.9
213.6
225.4
239.6
248.1
251.6
257.8
255.7
254.8
255.8
267.3
20
Federal Reserve Bulletin Statistical Supplement • June 2006
1.26
COMMERCIAL BANKS IN THE UNITED STATES
E. Foreign-related institutions
Assets and Liabilities' —Continued
Billions of dollars
Wednesday figures
Monthly averages
Account
2005
r
May
Nov.
2006
2006
2005
r
Dec.'
Jan.
r
Feb.'
Mar.'
Apr.'
May
May 10
May 17
May 24
May 31
Seasonally 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 assets6
13 Total assets7
14
15
16
17
18
19
20
21
Liabilities
Deposits
Transaction
Non transaction
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
725.0
314.9
87.7
227.3
410.0
153.6
19.3
130.4
106.7
48.1
61.8
36.3
809.4
363.1
83.1
280.0
446.3
163.4
22.1
138.7
122.0
46.0
55.3
41.9
812.8
356.9
80.5
276.4
455.9
166.8
21.9
142.1
125.1
42.0
53.2
38.9
811.4
347.3
74.8
272.5
464.0
171.0
20.7
142.5
129.8
42.0
51.8
36.5
818.7
343.2
77.0
266.2
475.5
174.7
20.8
148.3
131.8
43.6
51.3
39.1
829.3
344.7
78.0
266.7
484.6
176.7
21.3
155.3
131.3
47.6
52.2
37.3
849.0
357.0
77.3
279.7
492.0
182.3
22.0
155.8
131.9
48.1
49.3
40.1
901.6
382.9
80.5
896.2
386.0
83.8
907.8
384.9
82.1
902.5
380.8
78.6
913.7
384.2
77.6
518.7
187.3
22.6
172.1
136.8
45.8
49.8
48.7
510.1
187.0
21.9
163.3
137.8
42.2
48.7
51.4
522.9
187.8
23.1
175.5
136.6
42.9
47.5
50.6
521.7
186.2
22.8
175.7
136.9
48.1
52.3
50.3
529.5
189.1
22.6
181.3
136.5
46.8
51.6
45.1
870.8
952.1
946.4
941.2
952.1
965.8
986.1
1,045.4
1,038.0
1,048.2
1,052.7
1,056.6
589.7
13.0
576.6
370.2
44.4
325.8
-195.3
95.2
609.7
12.0
597.7
412.5
59.8
352.7
-184.6
113.7
607.3
12.2
595.1
428.7
60.9
367.9
-194.0
109.3
614.4
12.7
601.6
435.4
65.0
370.4
-209.2
99.4
619.4
13.3
606.2
439.3
60.2
379.0
-209.3
101.5
650.3
13.5
636.8
436.1
61.9
374.2
-219.2
96.7
673.2
12.7
660.5
419.9
55.4
364.6
-216.2
106.6
672.9
11.7
661.2
436.5
51.0
385.5
-205.9
130.5
663.0
10.9
652.0
429.3
47.9
381.4
-196.2
129.6
667.8
12.1
655.6
440.0
51.5
388.5
-201.4
130.7
675.8
12.1
663.6
424.1
45.8
378.3
-192.9
133.3
679.3
12.0
667.3
458.6
59.2
399.4
-226.4
132.4
859.7
951.2
951.3
940.0
950.9
964.0
983.6
1,034.0
1,025.6
1,037.1
1,040.3
1,043.9
11.1
.8
-5.0
1.2
1.2
1.9
2.5
11.4
12.4
11.1
12.4
12.7
Not seasonally 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 assets6
40 Total assets7
41
42
43
44
45
46
47
48
Liabilities
Deposits
Transaction
Non transaction
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.
722.4
314.9
87.7
31.3
56.4
227.3
129.2
98.1
407.4
153.6
19.3
127.3
107.3
48.1
61.0
36.8
809.0
363.1
83.1
24.6
58.5
280.0
164.2
115.8
445.9
161.7
22.1
142.6
119.5
46.0
55.9
41.5
818.6
356.9
80.5
22.4
58.0
276.4
163.1
113.3
461.7
167.3
21.9
148.7
123.8
42.0
54.5
39.9
815.6
347.3
74.8
20.5
54.3
272.5
162.0
110.5
468.3
172.6
20.7
146.7
128.3
42.0
52.7
37.7
821.0
343.2
77.0
25.7
51.3
266.2
157.6
108.5
477.8
177.0
20.8
151.0
129.1
43.6
50.6
40.0
832.2
344.7
78.0
27.8
50.2
266.7
157.0
109.7
487.6
178.2
21.3
157.2
131.0
47.6
50.5
37.2
855.7
357.0
77.3
24.9
52.4
279.7
169.9
109.8
498.7
183.4
22.0
160.0
133.3
48.1
48.6
39.2
898.1
382.9
80.5
26.8
53.7
892.2
386.0
83.8
29.6
54.2
902.7
384.9
82.1
27.4
54.8
895.4
380.8
78.6
25.6
52.9
912.5
384.2
77.6
24.8
52.8
191.7
110.7
515.2
187.3
22.6
167.8
137.5
45.8
49.1
49.3
191.9
110.3
506.2
186.2
21.9
159.6
138.5
42.2
47.5
49.9
193.0
109.8
517.9
187.8
23.1
169.8
137.1
42.9
47.4
51.9
191.8
110.5
514.6
187.0
22.8
168.3
136.4
48.1
51.7
51.7
195.1
111.5
528.3
189.2
22.6
177.8
138.7
46.8
50.9
47.2
867.9
951.9
954.5
947.5
954.7
967.0
991.1
1,041.8
1,031.4
1,044.4
1,046.5
1,056.8
600.0
12.7
587.3
370.2
44.4
325.8
-198.3
93.0
599.7
11.9
587.8
412.5
59.8
352.7
-180.2
117.2
602.6
12.6
590.0
428.7
60.9
367.9
-191.1
111.4
616.6
13.0
603.7
435.4
65.0
370.4
-207.7
100.4
620.7
13.7
607.0
439.3
60.2
379.0
-209.4
101.4
653.4
13.8
639.6
436.1
61.9
374.2
-221.0
95.6
682.3
12.6
669.7
419.9
55.4
364.6
-218.9
104.9
684.9
11.5
673.4
436.5
51.0
385.5
-210.0
127.5
673.0
10.6
662.4
429.3
47.9
381.4
-200.3
126.6
680.5
11.8
668.7
440.0
51.5
388.5
-206.2
127.2
688.0
11.7
676.3
424.1
45.8
378.3
-198.1
129.6
693.8
11.9
681.9
458.6
59.2
399.4
-228.9
130.5
865.0
949.1
951.6
944.7
951.9
964.2
988.2
1,038.9
1,028.5
1,041.5
1,043.6
1,054.0
2.8
2.8
2.8
2.8
2.8
2.8
2.8
2.8
2.8
2.8
2.8
2.8
Commercial Banking Institutions—Assets and Liabilities
1.26
COMMERCIAL BANKS IN THE UNITED STATES
F. Memo items
21
Assets and Liabilities' —Continued
Billions of dollars
Wednesday figures
Monthly averages
Account
May
Nov.'
2006
2006
2005
2005
Dec'
Jan.'
Feb.'
Mar.
Apr.
May
May 10
May 17
May 24
May 31
Not seasona ly 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
91.1'
91.4
85.8
90.6
93.7
89.5'
108.5
123.4
129.0
126.9
119.2
120.1
82.7
557.4
434.0
123.3
80.6
549.4
415.1
134.3
76.2
550.9
415.0
135.9
82.0
558.2
425.0
133.2
82.5
577.7
446.8
130.9
79.1
587.2'
456.5'
130.6'
96.6
602.3'
472.8
129.6'
110.8
614.2
482.4
131.8
116.7
606.9
475.5
131.4
112.6
612.7
481.7
131.1
105.8
615.5
484.6
130.8
110.0
623.6
489.4
134.2
.5
145.5'
129.5
15.9'
5.6
-6.5
155.0
132.9
22.1
3.1
-7.8
164.1
134.8
29.3
3.0
-9.1
165.8
136.2
29.6
3.0
-10.2
164.8
135.4
29.4
3.0
-12.3'
166.5
136.8
29.7
3.0
-18.6'
166.8
137.9
28.9
3.0
-18.6
165.8
137.5
28.4
3.0
-18.4
165.8
137.4
28.5
3.0
-19.0
165.2
136.9
28.4
3.0
-17.9
165.6
137.3
28.3
3.0
-19.2
166.1
137.9
28.2
3.0
342.4
212.5
202.5
10.0
329.0
198.2
188.3
9.9
329.8
203.3
193.4
9.8
333.9
202.2
192.5
9.7
336.3
205.2
195.6
9.6
332.9'
204.8
195.2
9.6
328.4'
203.6
194.0
9.6
328.1
202.0
192.6
9.4
328.1
202.9
193.4
9.5
327.0
200.3
190.8
9.5
327.8
200.4
191.1
9.3
329.3
203.9
194.7
9.3
53.3
71.5
67.0
61.5
60.1
57.6'
63.9'
77.9
80.1
79.5
77.1
77.1
62.0
77.7
.1
72.6
.1
66.1
.1
63.7
.1
61.5'
.1
67.8'
.1
82.6
.1
84.8
.1
84.4
.1
81.5
.1
81.6
.1
Small domestically chartered
commercial banks, adjusted for
mergers
10
11 Mortgage-backed securities12
12 Securitized consumer loans
13
Credit cards and related plans
14
Other
Foreign-related institutions
15 Revaluation gains on off-balancesheet items9
16 Revaluation losses on off-balancesheet items9
17 Securitized business loans12
2
NOTES: Tables 1.26, 1.27, and 1.28 have been revised to reflect changes in the Board's H.8
statistical release, "Assets and Liabilities of Commercial Banks in the United States," which
is available at www.federalreserve.gov/releases. Table 1.27, "Assets and Liabilities of Large
Weekly Reporting Commercial Banks," and table 1.28, "Large Weekly Reporting U.S.
Branches and Agencies of Foreign Banks," are no longer being published in the Statistical
Supplement. Instead, abbreviated balance sheets for both large and small domestically
chartered banks have been included in table 1.26, parts C and D. Data are both mergeradjusted and break-adjusted. In addition, data from large weekly reporting U.S. branches and
agencies of foreign banks have been replaced by balance sheet estimates of all foreign-related
institutions and are included in table 1.26, part E. These data are break adjusted.
1. Covers the following types of institutions in the fifty states and the District of Columbia:
domestically chartered commercial banks that submit a weekly report of condition (large
domestic); other domestically chartered commercial banks (small domestic); branches and
agencies of foreign banks, and Edge Act and Agreement corporations (foreign-related
institutions). Excludes international banking facilities. Data are Wednesday values or pro rata
averages of Wednesday values. Large domestic banks constitute a universe; data for small
domestic banks and foreign-related institutions are estimates based on weekly samples and on
quarter-end condition reports. Data are adjusted for breaks caused by reelassifications of
assets and liabilities.
The data for large and small domestic banks presented on pp. 17-19 are adjusted to remove
the estimated effects of mergers between these two groups. The adjustment for mergers
changes past levels to make them comparable with current levels. Estimated quantities of
balance sheet items acquired in mergers are removed from past data for the bank group that
contained the acquired bank and put into past data for the group containing the acquiring
bank. Balance sheet data for acquired banks are obtained from Call Reports, and a ratio
procedure is used to adjust past levels.
2. 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 • June 2006
COMMERCIAL PAPER OUTSTANDING
Millions of dollars, seasonally adjusted, end of period
Year ending December
2005
2006
Item
1 All issuers
2 Financial companies'
3 Nonfinancial companies2
2001
2002
2003
2004
2005
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
1 442,842
1,341,226
1,260,745
1,375,717
1,631,009
1,577,964
1,604,026
1,638,298
1,631,009
1,672,657
1,687,510
563,428
216,448
522,863
147,689
519,731
103,982
595,249
119,727
667,321
132,207
674,266
137,852
669,566
156,664
668,550
155,587
667,321
132,207
681,727
140,561
690,883
134,575
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
Rate
Jan
4
Feb. 1
Mar 21
Apr. 19
May 16
June 28
Aug. 22
Sept. 18
Oct. 3
Nov. 7
Dec. 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. 31
Mar. 28
7.50
7.75
Period
Average
rate
2002
2003
2004
2005
4.67
4.12
4.34
6.19
2003—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
4.25
4.25
4.25
4.25
4.25
4.22
4.00
4.00
4.00
4.00
4.00
4.00
1. The prime rate is one of several base rates that banks use to price short-term business
loans. The table shows the date on which a new rate came to be the predominant one quoted
by a majority of the twenty-five largest banks by asset size, based on the most recent Call
Period
2004—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Average
rate
4.00
4.00
4.00
4.00
4.00
4.01
4.25
4.43
4.58
4.75
4.93
5.15
Period
Average
rate
2005—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
5.25
5.49
5.58
5.75
5.98
6.01
6.25
6.44
6.59
6.75
7.00
7.15
2006—Jan
Feb
Mar
Apr
7.26
7.50
7.53
7.75
Report. Data in this table also appear in the Board's H.I 5 (519) weekly statistical release,
available on the Board's website, www.federalreserve.gov/releases.
Financial Markets
1.35
INTEREST RATES
23
Money and Capital Markets
Percent per year; figures are averages of business day data unless otherwise noted
2005
Item
2003
2004
2006
2006, week ending
2005
Dec.
Jan.
Feb.
Mar.
Mar. 3
Mar. 10
Mar. 17
Mar. 24
Mar. 31
MONEY MARKET INSTRUMENTS
1.13
n.a.
1.35
2.34
3.22
4.19
4.16
5.15
4.29
5.26
4.49
5.50
4.59
5.53
4.50
5.50
4.51
5.50
4.51
5.50
4.57
5.50
4.70
5.57
1.11
1.11
1.38
1.40
1 41
3.22
3.23
3 42
4.23
4.23
4.36
4.37
4.47
4.50
4 55
4.61
4.65
476
4.47
4.56
4.53
4.59
4.62
4.63
4.68
4.71
475
4.72
4.75
4 77
1.12
1.13
1.13
1.41
1.46
1.52
3.27
3.36
3.44
4.25
4.32
4.37
4.37
4.43
4.48
4.50
4.57
4.63
4.66
4.73
4.79
4.53
4.63
4.70
4.59
4.67
4.74
4.65
4.72
4.79
4.72
4.77
4.82
4.75
4.79
4.85
1.15
1.15
1 17
1.45
1.57
1 74
3.34
3.51
3 73
4.32
4.45
4 62
4.45
4.56
4 69
4.55
4.72
4 88
4.72
4.88
5 01
4.61
4.80
4 95
4.66
4.84
5 00
4.73
4.89
5 02
4.78
4.91
5 02
4.79
4.94
5 07
12 Eurodollar deposits, 3-month3>s
1.14
1.55
3.51
4.47
4.59
4.75
4.91
4.83
4.87
4.91
4.94
4.97
U.S. 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
3.61
3.89
4.18
4.03
4.24
4.31
4.31
4.43
4.52
4.47
4.51
4.62
4.38
4.50
4.58
4.37
4.49
4.60
4.40
4.50
4.62
4.56
4.56
4.62
4.60
4.51
4.64
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
4.35
4.40
4.39
4.39
4.41
4.47
4 73
4.45
4.40
4.35
4.35
4.37
4.42
4 65
4.68
4.67
4.64
4.57
4.56
4.57
4 73
4.77
4.73
4.74
4.72
4.71
4.72
4 91
4.74
4.72
4.71
4.66
4.63
4.61
4 76
4.77
4.74
4.78
4.76
4.75
4.74
4 91
4.76
4.67
4.70
4.67
4.68
4.71
4 90
4.77
4.72
4.69
4.67
4.68
4.69
4 90
4.82
4.80
4.79
4.78
4.79
4.80
5 01
4.52
5.20
4.75
4.50
5.09
4.68
4.28
4.86
4.40
4.46
4.93
4.46
4.27
4.73
4.37
4.33
4.80
4.41
4.29
4.78
4.44
n.a.
n.a.
4.39
4.20
4.70
4.45
4.26
4.76
4.40
4.28
4.78
4.43
4.42
4.88
4.53
6.24
6.00
5.57
5.76
5.69
5.74
5.90
5.75
5.89
5.89
5.88
5.99
5.66
6.14
6.38
6 76
5.63
5.91
6.08
6 39
5.23
5.37
5.59
6 06
5.37
5.50
5.84
6 32
5.29
5.45
5.79
6 24
5.35
5.51
5.85
6 27
5.53
5.68
5.98
6 41
5.38
5.52
5.84
6 27
5.53
5.67
5.97
6 41
5.53
5.67
5.97
6 41
5.51
5.67
5.97
6 39
5.61
5.78
6.07
6 50
1.72
1.66
1.89
1.77
1.76
1.80
1.79
1.79
1.82
1.77
1.78
1.78
2 Discount window primary credit2-4
paper3-5-6
Commercial
3
4
5
Nonfinancial
1-month
2-month
3-month
6
Financial
1-month
8
3-month
9
10
Certificates of deposit, secondary market3-1
1-month
3-month
U.S. TREASURY NOTES AND BONDS
Constant maturities'*
17
2-year
19
5-year
21
10-year
STATE AND LOCAL NOTES AND BONDS
Moody's series^
23 Aaa
24 Baa
25 Bond Buyer series"
CORPORATE BONDS
26 Seasoned issues, all industries12
Rating group
27 Aaa13
28 Aa
29 A
MEMO
Dividend-price ratiom
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 • June 2006
1.36
STOCK MARKET
Selected Statistics
2006
2005
Indicator
2003
2004
2005
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
Pr ces and trac ng volume (averages of daily figures)
Common stock prices (indexes)
1 New York Stock Exchange
(Dec. 31, 1965 = 50)
2
Industrial
3
Transportation
4
Utility
5
Finance
5,456.00
634.11
437.37
238.05
566.74
6,614.10
741.19
521.11
271.45
657.07
7,351.19
n.a.
n.a.
n.a.
n.a.
7,482.93
n.a.
n.a.
n.a.
n.a.
7,584.49
n.a.
n.a.
n.a.
n.a.
7,373.23
n.a.
n.a.
n.a.
n.a.
7,585.75
n.a.
n.a.
n.a.
n.a.
7,787.22
n.a.
n.a.
n.a.
n.a.
8,007.35
n.a.
n.a.
n.a.
n.a.
8,044.86
n.a.
n.a.
n.a.
n.a.
8,174.34
n.a.
n.a.
n.a.
n.a.
8,351.28
n.a.
n.a.
n.a.
n.a.
6 Standard & Poor's Corporation
(1941-43 = 10)'
965.23
1,130.65
1,207.23
1,224.27
1,225.91
1,191.96
1,237.37
1,262.07
1,278.72
1,276.65
1,293.74
1,302.18
7 American Stock Exchange
(Aug. 31, 1973 = 50)2
943.44
1,260.02
1,567.52
1,625.17
1,711.66
1,640.08
1,694.64
1,752.65
1,815.91
1,828.06
1,902.69
1,976.03
Volume of trading (thousands of shares)
8 New York Stock Exchange
9 American Stock Exchange
1,361,043 1,403,376 1,542,724 1,387,088 1,626,430 1,779,200 1,576,379 1,508,647 1,808,726 1,660,932 1,728,333 2,285,601
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Customer financing (millions of dollars, end-of-period balances)
10 Margin credit at broker-dealers3
Free credit balances at brokers4
11 Margin accounts5
12 Cash accounts
173,220
203,790
221,660
208,660
217,760
212,540
219,020
221,660
232,190
222,780
236,670
241,540
92,560
84,920
117,850
93,580
119,710
88,730
99,050
75,910
106,730
79,310
113,110
77,550
110,610
78,330
119,710
88,730
115,220
83,250
117,970
81,600
119,360
82,750
119,020
83,000
Margin requirements (percent of market value and effective date)6
13 Margin stocks
14 Convertible bonds
15 Short sales
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
25
1.40 FEDERAL DEBT SUBJECT TO STATUTORY LIMITATION
Billions of dollars, end of month
1 Federal debt outstanding
Mar. 31
June 30
Sept. 30
Dec. 31
Mar. 31
June 30
Sept. 30
Dec. 31
7.131.1
4,176.7
2.954.4
7,274.3
4,218.7
3,055.6
7,379.0
4,303.4
3,075.7
7,596.1
4,406.4
3,189.8
7,776.9
4,572.4
3,204.5
7,860.2
7,956.3
8,194.3
8,394.7'
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'
25.1
25.1
.0
24.2
24.2
.0
24.2
23.7
.4
24.3
23.9
24.1
24.1
.0
23.7
23.7
.0
23.6
23.6
.0
23.8
23.8
.0
23.6'
23.6'
.0'
7,088.6
7,229.3
7,333.4
7,088.5
.1
7,229.2
.1
7,333.2
7,715.5
7,778.1
7,871.0
8,107.0
8,281.5'
7,715.4
.1
7,778.0
.1
7,870.9
.1
8,106.9
.2
8,281.4'
.1'
....
2 Public debt securities
3
Held by public
4
Held by agencies
5 Agency securities
6
Held by public
7
Held by agencies
.4
8 Debt subject to statutory limit
9 Public debt securities
10 Other debt1
7,535.6
7,535.5
MEMO
11 Statutory debt limit
1. Consists of guaranteed debt of U.S. Treasury and other federal agencies, specified
participation certificates, notes to international lending organizations, and District of Columbia stadium bonds.
1.41
GROSS PUBLIC DEBT OF U.S. TREASURY
SOURCE: U.S. Department of the Treasury, Monthly Statement of the Public Debt of the
United States and Monthly Treasury Statement.
Types and Ownership
Billions of dollars, end of period
Type and holder
1 Total gross public debt
2
3
4
5
6
7
8
9
10
11
12
13
14
15
By type
Interest-bearing
Marketable
Bills
Notes
Bonds
Inflation-indexed notes and bonds'
Nonmarketable2
State and local government series .
Foreign issues3
Government
Public
Savings bonds and notes
Government account series4
Non-interest-bearing
By holder5
U.S. Treasury and other federal agencies and trust funds .
Federal Reserve Banks'"
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
Q2
Q3
Q4
Ql
6,405.7
6,998.0
7,596.1
8,170.4
7,836.5
7,932.7
8,170.4
8,371.2
6,391.4
3,205.1
6,982.0
7,578.5
3,959.7
8,117.0
4,184.0
7,818.0
4,031.0
7,913.7
8,117.0
4,184.0
1,003.2
2,157.1
963.9
2,326.8
914.3
8,351.7
4,340.4
1,042.1
539.5
245.9
516.6
923.4
2,273.0
529.9
290.6
3,787.0
206.7
3.0
3.0
.0
190.9
3,356.3
3,575.1
928.8
1,580.8
588.7
146.9
3,186.3
153.4
11.2
11.2
.0
184.8
1,905.7
564.3
176.2
3,406.9
328.7
3,986.5
235.6
3.8
3.8
.0
149.2
3,618.8
160.7
9.7
9.7
.0
5.9
5.9
.0
192.2
3,007.0
16.0
191.7
191.2
3,230.6
3,506.6
53.4
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
3,455.8
744.2
3,018.5
222.8
278.8
139.7
351.5
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
2,806.9
14.3
2,757.8
629.4
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.
17.6
4,084.8
2,328.7
520.6
307.1
3,828.9
225.3
3.1
3.1
.0
190.0
3,380.6
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
2,409.7
526.7
347.9
4,030.8
234.8
3.4
3.4
.0
192.0
3,551.2
19.5
18.5
19.0
3,311.6
724.7
3,803.0
127.2
249.1
154.6
429.3
3,334.1
736.4
3,864.9
125.0
248.1
158.2
446.5
3,455.8
744.2
3,502.0
758.5
3,970.6
117.2
254.1
160.6
455.0
3,970.6
117.2
254.1
160.6
455.0
4,114.0
115.0
250.8
176.8
462.8
205.1
281.8
162.0
119.8
2,180.0
n.a.
204.2
287.7
157.6
130.1
2,030.0
303.5
203.6
283.9
161.3
122.6
2,069.0
311.5
205.1
281.8
162.0
119.8
2,180.0
n.a.
205.9
310.9
182.2
128.6
2,089.2
n.a.
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 • June 2006
1.42
U.S. GOVERNMENT SECURITIES DEALERS
Transactions1
Millions of dollars, daily averages
2005
2006
2006, week end ng
Item
Dec.
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
Jan.'
Feb.
Feb.1'
Feb. 8
Feb. 15
Feb. 22
Mar. 1
Mar. 8
Mar. 15
Mar. 22
Mar. 29
53.710
46.950
49.853
51.578
47.326'
42.298
52.318
59.561
51.879
48.960
49.016
51.268
158.095
205.687
220.920'
235.453
232.437
199.793
210.932
239.289
243.638
204.856
202.242
207.877
111,064
138.934
143.048'
127.896
141,408
139.389
118.274
178.234
149.258
130,194
123.763
132.128
94,316
20.800
5,665
121,618
31,712
10,988
125,047'
42,854'
7,603'
127,327
40,203
15,415
128,197
50,111
8,247
145,259
52,062
6,590
96,225
25,959
8,107
124,098
39,830
5,608
142,308
40,015
7,391
122,588
25,860
5,496
116,295
29,169
6,298
98,271
26,656
5,135
67,594
63,214
61,720
70,912
66,107'
57,966
60,923
59,429
53,021
47,105
56,648
59,600
7,003
9,915
8,737
12,941
10,575
6,776
9,454
7,123
7,860
7,374
6,617
5,589
3,779
5,185
6,130
4,465
4,831
9,538
4,254
5,784
7,192
6,730
4,218
3,337
1,537
338
2,779
295
2,677
609'
1,860
356
2,534
897
4,272
256
1,972
1,068
1,769
296
2,127
414
1,899
239
1,520
205
1,608
406
216,103
259,273
269,494'
216,095
362,696
278,730
193,572
230,717
438,075
293,738
188,820
191,697
185,230
19,137'
189,425
24,328
183,103'
22,999'
194,429
26,895
174,720'
21,949'
171,539
24,417
196,648
20,226
191,662
24,337
173,449
25,481
179,267
19,951
189,415
25,396
208,977
27,919
189,852'
234,322
250,460'
255,584
256,250'
249,053
219,246
274,916
277,005
236,407
235,290
217,918
5,181'
47,833
326'
6,143
61,325
436
6,112'
65,395'
486'
6,324
53,855
489
7,011'
82,547
434'
5,395
72,274
538
6,026
46,440
504
5,916
57,194
465
6,236
85,082
402
4,609
79,185
562
5,377
53,146
535
3,935
52,523
321
253,797'
321,567
338,866'
342,287
351,476'
336,338
292,568
371,705
357,485
301,547
291,494
303,418
75,070'
168,271
204,041'
75,245
197,948
213,318
73,761'
204,099'
205,617'
84,210
162,240
220,835
77,932'
280,149
196,235'
73,413
206,456
195,418
71,646
147,133
216,371
68,486
173,522
215,534
64,377
352,993
198,527
58,737
214,552
198,657
63,833
135,674
214,276
66,605
139,175
236,575
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. Thefiguresrepresent purchases and sales in the market by the primary U.S. government
securities dealers reporting to the Federal Reserve Bank of New York. Outright transactions
include all U.S. government, federal agency, government-sponsored enterprise, mortgage-
backed, and corporate securities scheduled for immediate and forward delivery, as well as all
U.S. government securities traded on a when-issued basis between the announcement and
issue date. Data do not include transactions under repurchase and reverse repurchase (resale)
agreements. Averages are based on the number of trading days in the week.
2. Outright Treasury inflation-protected securities (TIPS) transactions are reported at
principal value, excluding accrued interest, where principal value reflects the original issuance par amount (unadjusted for inflation) times the price times the index ratio.
Federal Finance
1.43
U.S. GOVERNMENT SECURITIES DEALERS
27
Positions and Financing'
Millions of dollars
2005
2006
2006, week ending
Item, by type of security
Dec.
Jan.
Feb.
Feb.l
Feb. 8
Feb. 15
Feb. 22
Mar. 1
Mar. 8
Mar. 15
Mar. 22
Net outright positions2
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
25,642
-5,489
5,112
-9,999
-1,797
3,270
8,888
13,434
23,681
23,556
27,570
-47,602
-42,542
-43,332
-46,974
-36,852
-46,607
-44,911
-44,624
-40,761
-48,088
-44,164
-42,206
-41,375
-42,274
-42,092
-42,651
-37,755
-44,959
-44,006
-43,144
-46,342
-43,547
-29,774
-10,822
525
-37,597
-11,375
288
-38,827
-10,106
561
-45,522
-13,001
1,094
-39,892
-12,075
1,155
-39,352
-10,053
944
-38,243
-7,733
468
-36,537
-10,157
-559
-40,391
-12,699
1,057
-36,638
-13,505
655
-36,362
-14,066
686
49,834
49,293
47,983
49,215
49,098
46,652
44,750
51,803
49,003
45,283
45,547
27,005
29,611
36,566
33,403
35,497
36,888
37,686
36,656
38,217
41,022
38,440
9,815
12,072
12,586
14,076
13,068
11,284
12,319
13,605
16,526
15,837
16,401
1,785
5,063
599
5,359
1,227
5,111
256
5,359
1,096
5,031
1,877
5,006
1,349
5,226
643
5,150
-748
5,359
-58
5,826
113
5,918
13,222
11,971
17,012
13,497
11,698
13,336
16,620
28,545
23,246
14,158
30,794
41,402
148,733'
39,449
148,898'
38,735
136,286'
42,271
141,981'
34,914
141,293
42,372
135,555
37,130
128,311
40,234
139,650
36,972
136,527
46,027
132,929
37,433
138,400
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
1,155,589
1,426,954
1,182,966
1,098,745
1,234,150
1 185 052
1,208,317
1 141 272
1,195,305
1 250 314
1,245,402
1 151 140
1,249,799
1 198216
1,252,389
1 140 416
1,215,888
1 238 073
1,185,692
1 277 214
1,201,436
1 374 883
163,191
228,429
158,404
215,725
156,424
231,279
167,194
217,908
160,665
228,650
148,463
232,224
161,656
236,166
152,865
229,769
164,490
244,798
154,650
247,641
163,078
240,564
95,201'
408,334'
102,984'
379,992'
103,058'
395,634'
107,080'
379,426'
105,083
385,566
95,153
400,323
111,795
407,732
99,054
390,497
101,963
390,030
93,063
392,327
94,772
401,115
111,199'
92,082'
113,021'
93,505'
110,668'
94,829'
111,213'
93,427'
111,849
95,053
110,377
94,153
110,319
94,917
109,945
95,485
110,273
94,421
111,473
92,954
112,203
93,245
738,216
1,803,926
754,595
1,407,148
793,826
1,523,550
785,044
1,457,576
761,840
1,574,395
794,528
1,496,481
821,733
1,551,454
799,231
1,474,252
781,770
1,583,202
736,926
1,630,826
769,351
1,729,046
1,152,377
1 232 735
1,174,763
886,633
1,210,142
994,303
1,181,810
937,128
1,162,104
1,063,130
1,226,348
954,581
1,228,258
1,014,296
1,230,868
946,553
1,205,063
1,059,011
1,164,381
1,108,254
1,149,918
1,236,982
315,989
161,471
297,967
143,737
297,232
166,261
299,069
154,609
305,880
165,140
289,297
168,545
300,003
167,220
292,859
165,729
304,411
175,702
304,618
169,951
317,306
171,549
520,039'
252,129
539,555'
229,291
548,071'
226,211
540,920'
223,348
540,895
218,739
561,051
227,475
562,155
228,457
526,061
231,310
535,353
231,750
552,900
241,313
548,874
247,324
255,772'
56,332
262,303'
55,147
251,120'
57,304
267,240'
50,060
253,198
57,711
246,535
57,670
244,997
58,655
258,500
56,032
249,619
57,967
261,855
57,316
249,910
56,039
1 977 104
1,621,354
2 004 038
1,232,261
2 035 842
1,353,945
2 020 420
1,280,472
1 991 011
1,414,066
2 052 526
1,315,772
2 063 676
1,375,789
2 038 778
1,315,099
2 027 419
1,435,940
2 011 693
1,488,624
2 017 000
1,624,603
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 • June 2006
FEDERAL AND FEDERALLY SPONSORED CREDIT AGENCIES
Debt Outstanding
Millions of dollars, end of period
Sept.
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 Service6
8
Tennessee Valley Authority
9
United States Railway Association6
10 Federally sponsored agencies7
11
Federal Home Loan Banks
12 Federal Home Loan Mortgage Corporation
13 Federal National Mortgage Association
14 Farm Credit Bankss
15
Student Loan Marketing Association9
16 Financing Corporation10
17
Farm Credit Financial Assistance Corporation"
18
Resolution Funding Corporation12
2^51,039
6
n.a.
26,828
n.a.
n.a.
25,412
6
n.a.
290
Oct.
24,267
6
n.a.
n.a.
25,406
n.a.
23,843
6
n.a.
161
3,643
6
l.a.
146
23,511
6
n.a.
149
3,649
6
n.a.
149
23,843
6
n.a.
161
n.a.
n.a.
23,837
n.a.
l.a.
l.a.
3,637
l.a.
n.a.
n.a.
23,505
n.a.
n.a.
n.a.
3,643
n.a.
n.a.
n.a.
23,837
n.a.
l.a.
l.a.
l.a.
8,939
l.a.
l.a.
l.a.
l.a.
l.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.
n.a.
27,861
28,091
28^25
2,351,037
674,841
648,894
851,000
85,088
47,900
8,170
1,261
29,996
2,645,667
745,226
744,800
961,732
92,151
58,500
8,170
1,261
29,996
854,815
733,400
949,510
97,266
78,121
8,170
1,261
29,996
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
37,017
30,811
27,948
28^25
23,680
6
MEMO
19 Federal Financing Bank debt13
20
21
22
23
24
Lending So federal and federally sponsored agencies
Export-Import Bank3
Postal Service6
Student Loan Marketing Association
Tennessee Valley Authority
United States Railway Association6
Other lending^4
25 Farmers Home Administration
26 Rural Electrification Administration
27 Other
n.a.
n.a.
n.a.
n.a.
n.a.
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.
27,716
16,961
n.a.
10,987
18,515
n.a.
9,810
n.a.
n.a.
n.a.
n.a.
n.a.
18,198
n.a.
9,518
18,086
n.a.
9,775
28,085
n.a.
n.a.
n.a.
n.a.
n.a.
18,234
n.a.
9,857
18,515
n.a.
9,810
18,765
n.a.
9,320
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
2005
Type of issue or issuer,
or use
2003
1
2004
2006
2005'
Aug.
Sept.
Oct.'
Nov.
Dec.
Jan.
Feb.
Mar.
1 All issues, new and refunding
384,311
357,875
409,476
33,944'
32,444
27,296
39,292'
31,879
19,751
24,010'
28,007
By type of issue
2 General obligation
3 Revenue
144,056
238,204
130,471
227,404
145,954
263,522
11,103
22,841'
12,531
19,913
5,880
21,415
10,283
29,010'
8,562
23,317
7,422
12,330
9,195
14,815'
9,639
18,368
6 Municipality, county, or township
49,795
253 536
78,962
47,365
234 237
76,273
31,568
297 049
80,859
1,837
23,885'
8,223
4,734
21,132
6,578
790
21,760
4,746
2,925
30,702'
5,665
2,210
23,047
6,621
1,170
14,106
4,476
1,684
18,714'
3,612
2,767
20,820
4,420
7 Issues for new capital
264,697
228,357
223,875
20,028'
17,091
17,011
24,501'
20,713
12,279
15,414'
17,760
70,394
23,809
10,251
n.a.
22,339
97,736
65,426
20,546
9,242
n.a.
19,050
80,438
70,915
25,261
9,943
n.a.
18,644
60,900
5,597'
4,345
1,448
n.a.
901
5,273
3,908
2,205
1,472
n.a.
1,468
5,508
4,922
1,929
721
n.a.
2,418
3,278
7,190
2,202
617
n.a.
1,848
9,482'
6,538
1,384
1,152
n.a.
1,675
5,502
3,617
1,890
250
n.a.
1,555
3,104
3,272
1,803
401
n.a.
2,051
6,252
4,964
477
908
n.a.
2,471
5,656
By type of issuer
4 State
By use of proceeds
9 Transportation
11 Social welfare
13 Other purposes
SOURCE: Securities Data Company beginning January 1990; Investment Dealer's Digest
before then.
1. Par amounts of long-term issues based on date of sale.
2. Includes school districts.
1.46
NEW SECURITY ISSUES
US. Corporations
Millions of dollars
2005
Type of issue, offering,
or issuer
2 Bonds2
2003
2004
2006
2005
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
1,815,569
2,070,680
2,438,989
172,969
227,934
235,682
184,688
217,135
242,978
186,975
209,946
1,692,260
1,923,094
2,323,735
168,045
215,978
217,950
176,725
209,117
232,645
178,937
203,784
1 579 311
112,949
1 737 342
185,752
2 141 496
182,238
152 735
15,310
204 581
11,397
204 402
13,548
163 616
13,109
185 344
23,772
209 801
22,844
161 509
17,428
188618
15,166
20,701
22,328
24,595
4,543
2,331
1,610
952
2,753
3,377
n.a.
n.a.
362,340
1 329 920
259,968
1 663 127
216,072
2 107 662
17,969
150 076
17,876
198102
23,373
194 577
8,529
168196
24,247
184 869
20,936
211 709
32,935
146 003
25,099
178 686
By type of offering
4 Sold abroad
MEMO
5 Private placements, domestic
By industry group
6 Nonfinancial
8 Stocks3
182,132
147,585
115,255
4,924
11,956
17,732
7,963
8,018
10,333
8,037
6,162
By type of offering
9 Public
10 Private placement4
123,309
58,823
147,585
n.a.
115,255
n.a.
4,924
n.a.
11,956
n.a.
17,732
n.a.
7,963
n.a.
8,018
n.a.
10,333
n.a.
8,037
n.a.
6,162
n.a.
By industry group
11 Nonfinancial
12 Financial
44,416
78,893
64,345
83,240
54,713
60,541
1,953
2,971
6,385
5,571
9,597
8,135
2,445
5,517
4,324
3,694
7,375
2,958
5,713
2,324
4,238
1,924
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 • June 2006
1.47
OPEN-END INVESTMENT COMPANIES
Net Sales and Assets1
Millions of dollars
2005
Item
2004'
Sept.
1 Sales of own shares
2
2006
2005'
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.'
Apr.
1,660,423
1,773,304
138,526
153,140
147,140
160,537
201,428
165,338
194,323
171,930
3 Net sales3
1 450 319
210,104
1 582 557
190.747
125,447
13,079
145,548
7,592
125,925
21,215
154,317
6,220
161,688
39,740
128,504
36,834
154,083
40,240
144,056
27,874
4 Assets4
6,193,664
6,864,636
6,676,342
6,561,255
6,775,522
6,864,636
7,152,932
7,169,845
7,313,245
7,458,622
5 Cash5
6 Other
304,816
5.888.848
303,068
6,561,568
294,070
6,382,272
298,520
6,262,735
313,283
6,462,239
303,068
6,561,568
314,604
6,838,328
333,544
6,836,301
330,511
6,982,734
353,732
7,104,890
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
2003
2004
2006
2005
2004
Account
2005'
Q3
Q4
Q1
Q2
Q3'
Q4'
Q1
ASSETS
1 Accounts receivable, gross2
3
Business
5 LESS:
6 LESS:
Reserves for unearned income
Reserves for losses
7 Accounts receivable, net
8 All other
9 Total assets
1,022.2
365.8
457.4
198 9
1.145.0
430.4
471.7
242 9
1.223.9
435.4
503.9
284 6
1.097.2
416.4
456.3
224 5
1.145.0
430.4
471.7
242 9
1,141.6
425.7
469.2
246 7
1.153.6
423.8
478.1
251 7
1.171.0
431.9
474.6
264 6
1.223.9
435.4
503.9
284 6
1.225.3
423.6
507.2
294 5
50.8
24.6
46.3
24.8
36.3
22.0
46.5
24.1
46.3
24.8
45.4
23.4
44.8
23.1
37.8
24.2
36.3
22.0
36.1
21.2
946.8
753 9
1.073.9
765 4
1.165.6
645 0
1.026.5
746 8
1.073.9
765 4
1.072.9
747 9
1.085.7
764 4
1.109.0
643 0
1.165.6
645 0
1.168.0
644 5
1,700.8
1,839.3
1,810.7
1,773.3
1,839.3
1,820.9
1,850.0
1,752.0
1,810.7
1,812.5
56.2
136.3
65.2
163.9
68.5
146.1
64.1
154.3
65.2
163.9
63.1
149.2
60.0
136.2
70.5
132.8
68.5
146.1
66.7
139.8
99.9
747.1
424.7
236.6
118.2
828.3
415.3
248.3
151.6
819.9
362.6
262.0
112.7
776.7
422.6
242.9
118.2
828.3
415.3
248.3
114.7
855.5
388.0
250.5
116.8
872.1
398.6
266.3
123.0
771.0
426.8
228.0
151.6
819.9
362.6
262.0
153.8
823.5
364.6
264.2
1,700.8
1,839.3
1,810.7
1,773.3
1,839.3
1,820.9
1,850.0
1,752.0
1,810.7
1,812.5
LIABILITIES AND CAPITAL
11 Commercial paper
Debt
13 Not elsewhere classified
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
Sept.
Seasonally adjusted
2
3
4
Consumer . . .
Real estate . .
Business
588.3'
229.2
551.4
1,451.2'
1,515.5'
1,481.6'
1,486.7'
1,494.0'
1,515.5'
1,521.7'
1,526.8
614.6'
267.8
568.8
620.0'
307.8
587.7
623.0'
286.2
572.4
618.2'
292.1
576.4
615.7'
296.8
581.5
620.0'
307.8
587.7
623.1'
315.5'
583.1
620.3
319.7
586.8
Not seasonally adjusted
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'" .
1,458.2'
1,522.6'
1,478.8'
1,491.5'
1,502.2'
1,522.6'
1,524.5'
1,524.2
593.1'
197.0
70.0
37.6
60.9
619.6'
230.0
62.5
40.5
96.3
625.1'
194.6
71.2
54.2
114.4
624.8'
203.3
68.8
46.2
112.5
623.0
203.1
68.9
47.2
113.4
620.8'
200.9
69.5
48.2
114.2
625.1'
194.6
71.2
54.2
114.4
626.4'
193.9
73.0
53.7
114.9
619.3
187.7
73.9
53.0
108.9
132.8
5.5
38.3
51.0'
229.4
152.2
46.7
109.9
4.8
24.5
51.0'
268.2
190.1
52.7
123.7
4.2
15.1
47.8'
308.3
232.3
52.4
122.9
4.3
19.3
47.5'
287.8
212.6
52.0
120.6
4.3
18.1
47.5
295.7
220.7
51.9
118.7
4.2
17.5
47.6'
301.6
226.7
52.0
123.7
4.2
15.1
47.8'
308.3
232.3
52.4
122.7
4.1
14.7
49.5'
315.8'
239.8
52.6'
126.2
4.1
14.5
51.0
318.4
242.8
52.3
26.7
3.8
553.1
74.9
18.2
40.3
16.3
277.6
74.6
203.1
105.0
21.8
3.5
570.4
91.6
18.4
46.2
27.0
264.8
70.6
194.3
115.3
18.9
4.8
589.2
113.8
19.2
62.9
31.7
271.4
72.5
198.9
118.7
19.6
3.7
566.1
88.3
21.6
37.4
29.3
266.3
70.4
195.9
119.9
19.4
3.7
572.8
91.2
20.1
41.8
29.3
268.2
70.8
197.4
118.6
19.2
3.7
579.8
111.6
19.7
62.7
29.3
268.7
70.8
198.0
122.5
18.9
4.8
589.2
113.8
19.2
62.9
31.7
271.4
72.5
198.9
118.7
18.6
4.8
582.4
112.3
19.5
61.2
31.6
270.4
72.5
197.9
115.5
18.4
4.8
586.6
114.9
19.8
63.6
31.5
271.2
73.7
197.5
115.8
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
2.7
26.0
.1
24.4
11.6
12.8
32.2
39.9
2.7
37.0
.1
23.8
12.4
11.4
27.9
43.2
2.7
40.3
.1
23.6
12.2
11.4
28.1
25.3
2.7
22.5
.1
23.2
11.8
11.4
28.3
2.7
26.0
.1
24.4
11.6
12.8
32.2
29.3
2.7
26.5
.1
22.9
10.1
12.8
29.8
2.7
27.0
.1
22.7
10.0
12.8
32.1
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
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
1.53
Federal Reserve Bulletin Statistical Supplement • June 2006
MORTGAGE MARKETS
Mortgages on New Homes
Millions of dollars except as noted
2005
Item
2003
2004
2006
2005
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
Terms and y elds in primary and secondary markets
PRIMARY MARKETS
Terms1
1 Purchase price (thousands of dollars)
2 Amount of loan (thousands of dollars)
3 Loan-to-price ratio (percent)
5 Fees and charges (percent of loan amount)2
272.1
205.3
77.9
28.7
.61
292.0
215.0
76.0
28.8
.51
326.8
238.5
75.3
29.2
.54
338.6
246.3
75.1
29.4
.58
345.6
249.6
74.4
29.5
.66
358.5
260.4
74.4
29.5
.65
337.7
243.4
74.4
28.9
.43
338.1
248.2
75.4
29.3
.52
341.8
254.8
76.4
29.7
.59
335.0
248.2
76.5
29.5
.63
5.71
5.80
n.a.
5.68
5.75
n.a.
5.86
5.93
n.a.
5.95
6.03
n.a.
6.11
6.20
n.a.
6.30
6.39
n.a.
6.06
6.12
n.a.
6.32
6.40
n.a.
6.45
6.53
n.a.
6.55
6.64
n.a.
n.a.
5.03
n.a.
5.19
n.a.
5.13
n.a.
5.39
n.a.
5.55
n.a.
5.45
n.a.
5.24
n.a.
5.44
n.a.
5.59
n.a.
5.84
Yield (percent per year)
7 Effective rate1-3
SECONDARY MARKETS
Yield {percent per year)
9 FHA mortgages (section 203)5
10 GNMA securities8
Activity in secondary markets
FEDERAL NATIONAL MORTGAGE ASSOCIATION
Mortgage holdings (end of period)
898,445
n.a.
n.a.
904,555
n.a.
n.a.
727,545'
n.a.
n.a.
717,618'
n.a.
n.a.
715,896'
n.a.
n.a.
727,545'
n.a.
n.a.
725,661'
n.a.
n.a.
721,189'
n.a.
n.a.
721,544'
n.a.
n.a.
730,367
n.a.
n.a.
14 Mortgage transactions purchased (during period)
572,852
262,646
146,641
10,136
16,021
28,760
12,199
11,417
14,165
23,042
Mortgage commitments (during period)
15 Issued7
16 To sell8
522,083
33,010
149,429
8,828
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.
644,436
n.a.
n.a.
652,936
n.a.
n.a.
710,017
n.a.
n.a.
678,178
n.a.
n.a.
692,758
n.a.
n.a.
710,017
n.a.
n.a.
704,172
n.a.
n.a.
705,320
n.a.
n.a.
715,407
n.a.
n.a.
723,774
n.a.
n.a.
n.a.
713,260
n.a.
365,148
n.a.
397,867
n.a.
34,986
n.a.
37,837
n.a.
39,784
n.a.
33,669
n.a.
33,231
n.a.
26,769
n.a.
26,620
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
12
FHA/VA insured
FEDERAL HOME LOAN MORTGAGE CORPORATION
Mortgage holdings (end ofperiod)*
17 Total
18 FHA/VA insured
Mortgage transactions (during period)
20 Purchases
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
Q2
Q3
8,245,339'
9,238,721'
10,488,130'
10,746,010'
11,129,540'
11,560,350'
11,970,520'
12,329,310
6,244,957'
486,680
1,388,194'
125,507
7,027,946'
557,375
1,519,818'
133,583
8,032,245'
612,162'
1,702,010'
141,710
8,233,769'
623,132'
1,746,145'
142,963
8,530,305'
640,616'
1,812,385'
146,234'
8,872,313'
655,249'
1,884,450'
148,337'
9,175,540'
675,191'
1,971,891'
147,902'
9,455,485
690,497
2,032,948
150,381
By type of holder
Major financial institutions . . .
Commercial banks2
One- to four-family
Multifamily
Nonfarm, nonresidential .
Farm
Savings institutions3
One- to four-family
Multifamily
Nonfarm, nonresidential .
Farm
Life insurance companies . .
One- to four-family
Multifamily
Nonfarm, nonresidential .
Farm
,089,434
,058,426
,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
4,032,258'
2,689,241
1,633,240
122,807
888,164
45,030
1,068,024
883,372
90,294
93,761
597
274,993'
5,024
40,705'
215,405'
13,859
4,181,783'
2,790,473
1,696,047
129,021
919,185
46,220
1,112,919
921,684
95,048
95,582
604
278,391'
5,082
41,213'
218,065'
14,031'
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'
4,394,587'
2,956,568'
1,774,344'
140,121
994,513'
47,590'
1,152,732'
954,974'
98,168'
98,974'
616'
285,287'
4,532'
42,474'
224,101'
14,180'
4,504,566
3,024,712
1,803,998
145,450
1,026,835
48,430
1,192,341
990,148
100,103
101,412
677
287,513
4,568
42,708
225,943
14,294
Federal and related agencies
Government National Mortgage Association
One- to four-family
Multifamily
Farmers Home Administration4
One- to four-family
Multifamily
Nonfarm, nonresidential
Farm
Federal Housing Admin, and Dept. of Veterans Affairs .
One- to four-family
Multifamily
Resolution Trust Corporation
One- to four-family
Multifamily
Nonfarm, nonresidential
Farm
Federal Deposit Insurance Corporation
One- to four-family
Multifamily
Nonfarm, nonresidential
Farm
Federal National Mortgage Association
One- to four-family
Multifamily
Federal Land Banks
One- to four-family
Farm
Federal Home Loan Mortgage Corporation
One- to four-family
Multifamily
Federal Agricultural Mortgage Corporation
Farm
433,565
5
5
0
72,377
14,908
11,669
42,101
3,700
3,854
1,262
2,592
0
0
0
0
0
46
7
9
30
0
185,801
172,230
13,571
46,257
2,722
43,535
63,887
35,851
28,036
966
966
537,131
50
50
0
69,546
13,964
11,613
40,529
3,439
4,192
1,304
2,887
0
0
0
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
554,645
42
42
0
70,690
13,338
11,537
42,559
3,255
4,936
1,346
3,589
0
0
0
0
0
11
552,979
39
39
0
70,995
13,274
11,527
42,957
3,237
4,784
1,356
3,429
0
0
0
550,130
36
36
0
72,044
13,124
11,500
44,172
3,247
4,703
1,359
3,344
0
0
0
549,798
32
32
0
73,575
12,976
11,451
45,954
3,193
4,626
1,396
3,231
0
0
0
2
7
0
249,397
222,417
26,980
53,341
3,139
50,202
61,736
23,532
38,204
865
865
9
2
9
1
2
7
0
249,515
222,535
26,980
52,793
3,106
49,687
61,360
23,389
37,971
887
887
6
0
249,230
222,250
26,980
54,769
3,223
51,546
60,986
23,246
37,740
838
838
5
0
248,994
222,014
26,980
55,489
3,265
52,224
61,207
23,331
37,876
832
832
548,982'
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
2
5
0
248,991
222,011
26,980
54,640'
3,215'
51,425'
61,481
23,435
38,046
804'
804'
3,956,329'
537,888
512,098
25,790
1,082,062
1,072,990
9,072
1,538,287
1,478,610
59,677
0
0
0
0
0
797,725'
488,307'
59,225
250,193
0
367
367
4,460,249'
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
971,124'
609,386'
67,288
294,450
0
1,003
1,003
4,972,063'
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
1,429,890'
1,006,659'
75,170
348,061
0
938
938
5,095,772'
431,193
398,619
32,574
1,218,978
1,202,023
16,955
1,896,003
1,820,163
75,840
0
0
0
0
0
1,548,716'
1,105,874'
77 309
365,533
0
882
882
5,292,492'
420,915
388,057
32,858
1,245,930
1,228,600
17,330
1,900,149
1,824,143
76,006
0
0
0
0
0
1,724,623'
1,248,942'
82,955
392,726
0
875
875
5,544,190'
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
1,927,543'
1,428,130'
85,991
413,422
0
835
835
5,823,804'
405,355'
371,593'
33,762
1,330,795
1,312,284
18,511
1,940,079
1,862,476
77,603
0
0
0
0
0
2,146,740'
1,594,000'
95,162
457,578
0
835
835
6,031,532
403,368
368,955
34,413
1,375,148
1,356,020
19,128
1,972,793
1,893,881
78,912
0
0
0
0
0
2,278,925
1,702,356
98,494
478,075
0
1,298
1,298
766,011'
547,833
77,343
116,004'
24,830
854,166'
618,886
80,439
128,416'
26,424
1,036,565'
783,845'
85,154'
139,545'
28,021
1,063,335'
808,025'
86,320'
140,717'
28,273
1,102,285'
843,047'
86,492'
143,864'
28,881'
1,148,805'
883,580'
87,657'
148,269'
29,300'
1,203,150'
933,003'
89,405'
151,507'
29,235'
1,243,415
968,306
90,665
154,725
29,719
1 All holders
2
3
4
5
Ql
By type of property
One- to four-family residences . .
Multifamily residences
Nonfarm, nonresidential
Farm
55 Mortgage pools or trusts5
56
Government National Mortgage Association
57
One- to four-family
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
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
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
1
1
4
0
248,974
221,994
26,980
55,233
3,250
51,983
62,935
23,989
38,946
787
787
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 • June 2006
1.55 CONSUMER CREDIT1
Millions of dollars, amounts outstanding, end of period
2005
Holder and type of credit
2003
2004
2006
2005
Sept.
Oct.
Nov.
Dec.
Jan.'
Feb.
Seasonally adjusted
1 Total
2,006,577
2,091,034
2,147,682'
2,151,693
2,143,239'
2,143,774'
2,147,682'
2,154,578
2,158,296
Revolving
3 Nonrevolving2
759,291
1,247,287
786,080
1,304,954
805,373'
1,342,309'
804,826
1,346,867
803,012'
1,340,227'
804,434
1,339,339'
805,373'
1,342,309'
806,328
1,348,250
805,436
1,352,860
Not seasonally adjusted
4 Total
2,034,400
2,120,576
2,177,972'
2,152,928
2,147,885'
2,152,652'
2,177,972'
2,177,120
2,160,547
669,386
295,424
205,877
114,658
77,850
63,348
607,857
704,270
366,834
215,384
98,363
91,271
64,684
579,771
707,039'
363,147
228,588
102,122
109,078'
62,186
605,812'
708,230
361,994
229,487
103,921
99,387
61,982
587,928
701,905'
363,706
228,667
104,002
108,452'
58,630
582,523'
697,084'
363,305
228,703
102,786
108,713'
58,611
593,450
707,039'
363,147
228,588
102,122
109,078'
62,186
605,812'
706,606
362,462
229,661
104,421
109,343
60,455
604,173
696,407
349,610
228,904
104,422
109,974
58,935
612,295
By major type of credit*
12 Revolving
13
Commercial banks
14 Finance companies
15
Credit unions
16 Federal government and Sallie Mae
17
Savings institutions
18
Nonfinancial business
19 Pools of securitized assets3
781,582
285,015
37,576
22,410
n.a.
23,848
19,363
393,370
810,129
314,649
40,496
23,244
n.a.
27,905
17,899
385,937
830,013'
311,204
54,224
24,688
n.a.
40,755
14,427
384,715'
799,129
300,551
46,157
23,202
n.a.
29,874
18,178
381,167
797,549'
294,521
47,218
23,308
n.a.
39,340
14,907
378,256'
807,463
299,808
48,224
23,616
n.a.
39,989
13,943
381,883
830,013'
311,204
54,224
24,688
n.a.
40,755
14,427
384,715'
816,941
301,662
53,672
24,656
n.a.
40,376
14,113
382,463
805,714
289,494
52,991
23,353
n.a.
40,035
13,881
385,960
20 Nonrevolving
21
Commercial banks
22
Finance companies
23
Credit unions
24
Federal government and Sallie Mae
25
Savings institutions
26
Nonfinancial business
27
Pools of securitized assets3
1,252,818
384,371
257,847
183,467
114,658
54,002
43,986
214,487
1,310,447
389,621
326,338
192,140
98,363
63,366
46,786
193,834
1,347,959'
395,835'
308,923
203,900
102,122
68,323'
47,759
221,097'
1,353,799
407,679
315,837
206,285
103,921
69,513
43,804
206,761
1,350,336'
407,384'
316,489
205,359
104,002
69,112'
43,723
204,267'
1,345,189'
397,276'
315,082
205,087
102,786
68,724'
44,668
211,567
1,347,959'
395,835'
308,923
203,900
102,122
68,323'
47,759
221,097'
1,360,179
404,944
308,790
205,005
104,421
68,966
46,342
221,710
1,354,833
406,912
296,619
205,551
104,422
69,940
45,054
226,335
5
6
7
8
9
10
11
By major holder
Commercial banks
Finance companies
Credit unions
Federal government and Sallie Mae
Savings institutions
Nonfinancial business
Pools of securitized assets3
1. The Board's series on amounts of credit covers most short- and intermediate-term credit
extended to individuals, excluding loans secured by real estate. Data in this table also appear
in the Board's G.19 (421) monthly statistical release, available at www.federalreserve.gov/
releases.
2. Comprises motor vehicle loans, mobile home loans, and all other loans that are not
included in revolving credit, such as loans for education, boats, trailers, or vacations. These
loans may be secured or unsecured.
3. Outstanding balances of pools upon which securities have been issued; these balances
are no longer carried on the balance sheets of the loan originator.
4. Totals include estimates for certain holders for which only consumer credit totals are
available.
1.56 TERMS OF CONSUMER CREDIT1
Percent per year except as noted
2005
Item
2003
2004
2006
2005
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
INTEREST RATES
Commercial banks2
1 48-month new car
6.93
11 95
6.60
11 89
7.08
12 05
7.08
12 22
n.a.
n.a.
7.43
11 95
n.a.
n.a.
7.39
12 18
12.30
12.73
12.71
13.21
12.50
14.54
12.48
14.75
n.a.
n.a.
n.a.
n.a.
12.57
14.48
n.a.
n.a.
n.a.
n.a.
13.29
14.38
3.40
9.72
4.36
8.96
5.46
9.03
5.80
8.72
5.89
9.06
6.13
8.96
6.40
8.95
5.39
8.73
5.13
8.64
5.54
9.41
61.4
57.5
60.5
56.8
60.0
57.6
60.1
57.6
60.2
57.4
61.4
57.6
60.6
57.5
61.2
57.5
62.6
57.9
61.8
57.7
95
100
89
100
88
98
88
97
88
99
90
99
88
98
88
98
88
98
90
98
26,295
14,613
24,888
15,136
24,133
16,228
25,059
16,383
23,579
16,220
24,209
16,836
24,174
17,019
24,706
17,174
24,522
16,894
24,766
16,303
Credit card plan
4 Accounts assessed interest
Auto finance companies
6 Used car
OTHER TERMS3
Maturity (months)
8 Used car
Loan-to-value ratio
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
Q4
Q1
Q4'
Q1
Nonfinancial sectors
1,099.2'
1,322.5'
1,647.6'
1,944.7'
1,947.4'
2,060.4'
2,350.6'
2,006.7'
2,405.5
2,434.2
2,913.6
-83.0'
-5.1
-.5
122.9
347.7
-81.6
8.9
656.8'
496.1
40.6
112.4'
7.7
133.1'
-57.9'
257.1
.5
159.4
132.3
-87.0
20.3
814.1'
672.8
37.2
96.5'
7.6
83.7'
-35.1'
398.4
-2.4
135.1
158.3
-80.2
10.0
981.8'
779.9
70.1
123.7
8.0
81.7'
16.8'
362.5
-.6
133.1
77.7
33.5
25.0
1,210.5'
991.0'
50.1'
161.0
8.4
86.2'
23.2'
266.5
-.2
157.3
51.7
-31.5
2
1,352.8'
1,111.0'
45.5
187.0
9.3
127.3'
-24.3'
310.9
.3
130.9
138.3
118.6
100.7
1,197.3'
951.7'
59.0
180.6
6.1
87.7'
49.8'
631.5
-.7
225.3'
35.1
89.0
84.1'
1,172.3'
949.3'
42.8'
176.4'
3.9'
64.2'
5.8'
7.2
-1.4
125.7
30.3
210.3
70.1'
1,478.4'
1,155.2'
75.1'
236.6'
11.4
80.2'
2.8
232.3
-.4
249.5
100.9
43.4
19.1
1,657.3
1,317.0
52.2
279.4
8.7
100.5
-89.9
358.2
.8
182.5
76.4
214.7
154.6
1,552.0
1,161.0
76.9
314.6
-.4
-15.3
42.1
608.7
-1.0
122.3
240.4
238.8
34.5
1,579.7
1,258.8
58.3
252.6
10.0
48.1
197.1
11.3
15.5
-295.9
601.4'
397.7'
224.5'
162.7
10.5
105.8
-5.6
732.8'
188.2'
31.9'
148.5
7.8
143.9
257.6
939.6'
194.2'
89.6'
96.9
7.7
117.8
396.0
1,032.4'
432.1'
180.8'
239.5'
11.8
118.2
361.9
1,064.1'
471.7'
188.1'
265.1'
18.5'
145.2
266.3
1,054.0'
574.7'
274.2'
291.7'
8.7
120.5
311.2
1,007.3'
510.5'
300.8'
208.1'
1.7'
202.0
630.7
1,251.7'
645.3'
289.8'
338.5'
17.0
103.9
5.8
1,333.2
611.5
253.3
333.2
25.0
228.8
231.9
1,242.8
676.8
277.1
394.3
5.4
155.6
359.0
1,333.9
864.3
509.4
336.6
18.3
107.7
607.7
22 Foreign net borrowing in United States
63.0
-13.7'
92.9'
44.9'
81.3'
68.9'
253.3'
10.1'
72.9'
78.1
99.4
111.0
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'
41.9
-7.7
-2.1
62.8'
19.2
2.5
-3.1
-4.1'
86.8
-9.0
-4.8
203.3'
34.4
18.5
-2.9
6.2'
-4.6
12.1
-3.5
10.0'
72.3
-5.3
-4.1
78.5
2.6
5.2
-8.2
59.1
4.1
39.5
-3.3
62.6
47.4
8.0
-7.0
1,085.6'
1,415.4'
1,692.5'
2,026.0'
2,016.3'
2,313.7'
2,360.8'
2,079.6'
2,483.6
2,533.5
3,024.6
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
48.1
-294.9
-1.0
23.6
162.6
98.2
79.6
542.0 r
401.3 r
26.8
106.9r
7.0
168.4r
551. T
555.4 r
347.0 r
889.61"
Financial sectors
935.0'
848.6'
1,020.6'
856.1'
762.9'
998.6'
683.5'
1,226.0'
724.4
1,513.1
131.7
235.2
199.7
161.3'
3.8
42.5
4.9
-27.4'
304.1
338.5
279.0'
13.0
25.5
2.2
-63.8'
219.8
326.8
349.3'
1.5
6.8
8.2
-52.9'
243.7
330.5
464.5'
-4.8
31.2
8.3
55.1'
65.0
53.0
569.9'
12.5
74.1
26.3
-13.4'
93.1
62.1
572.0'
44.2
-15.7
20.6
119.4'
-45.5
-64.6
847.9'
14.2
85.1
42.1
167.3'
-209.6
64.7
606.0'
5.3
27.0
22.7
345.5'
-84.2
122.6
732.4'
-24.0
114.5
19.3
196.0
-243.9
177.2
525.7
38.6
10.8
19.9
235.5
200.9
175.1
853.2
7.8
25.0
15.6
246.7
144.8
348.2
725.4
-1.4
-.5
16.0
60.0
27.3
.0
-.7
235.2
199.7
157.8'
81.9
.0
2.6
15.6
-.3
52.9
-2.0
1.5
.6
304.1
338.5
229.7'
1.3
.0
3.2
1.4
3.6'
49.7
-23.4
2.0
2.0
219.8
326.8
180.4'
42.2
.0
24.5
-1.7
26.3'
49.2
6.1
2.2
2.9
243.7
330.5
212.6'
118.2
.0
31.9
6.4
16.9'
77.7
64.4
2.3
3.0
65.0
53.0
321.9'
117.9
.0
98.4
15.2
37.1'
60.1
-7.0
.9
.1
93.1
62.1
421.1'
115.5
.0
42.1
33.2
-58.3'
61.2
96.9
6.1
9.7
-45.5
-64.6
366.9'
253.2
.0
220.7
-26.6
120.6'
163.0
-30.6
1.5
-1.6
-209.6
64.7
433.7'
75.8
.0
73.0
11.2
102.3'
41.4
82.4
3.1
2.3
-84.2
122.6
678.2'
-23.6
.0
92.8
-5.2
316.2'
82.6
-7.1
.3
.4
-243.9
177.2
683.2
-100.4
.0
66.0
28.0
38.1
53.4
20.0
8.1
.6
200.9
175.1
759.0
174.4
.0
88.9
-33.4
66.0
77.4
-22.7
-.2
2.8
144.8
348.2
662.7
16.7
.0
94.8
35.1
119.6
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
47
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
Mortgage companies
Real estate investment trusts (REITs)
Brokers and dealers
Funding corporations
36
Federal Reserve Bulletin Statistical Supplement • June 2006
1.57
FUNDS RAISED IN U.S. CREDIT MARKETS1—Continued
Billions of dollars; quarterly data at seasonally adjusted annual rates
Transaction category or sector
Q4
Q2'
Q3'
Q4'
Q1
48 Total net borrowing, all sectors .. .
1,668.6'
2,020.5'
2,263.9'
2,713.1'
2,882.1'
2,779.3'
3,312.3'
3,044.2
3,305.6
3,208.0
4,046.6
4,503.7
49
50
51
52
53
54
55
56
57
211.6
-294.9
433.9
23.6
345.1'
113.3
120.8
546.8'
168.4'
-94.5'
-5.1
642.1
122.9
608.2'
-75.8
30.6
659.0'
133.1'
-63.5'
257.1
547.2
159.4
513.2'
-80.2
24.7
822.3'
83.7'
-75.1'
398.4
571.9
135.1
664.7'
-92.6
39.1
990.1
81.7'
134.7'
362.5
117.5
133.1
666.8'
48.5
96.0
1,236.8'
86.2'
5.7'
266.5
155.1
157.3
710.5'
3.7
-20.3
1,373.4'
127.3'
298.4'
310.9
-109.8
130.9
1,020.7'
151.3
182.9
1,239.4'
87.7'
223.4
631.5
-145.7
225.3
636.5
106.4
107.6
1,195.0
64.2
361.3
7.2
37.0
125.7
835.0
180.9
180.5
1,497.7
80.2
277.3
232.3
-67.0
249.5
629.2
87.2
21.7
1,677.2
100.5
204.8
358.2
376.8
182.5
933.7
262.0
176.4
1,567.6
-15.3
351.4
608.7
492.0
122.3
1,013.2
245.4
27.0
1,595.7
48.1
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
58 Total net issues
242.9'
303.2'
227.4'
407.7'
348.6'
301.0'
274.4'
366.0
99.0
-113.9
73.9
99.0
59 Corporate equities
60
Nonfmancial corporations
61
Foreign shares purchased by U.S. residents .
62
Financial corporations
63 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'
119.1
-57.8
114.2
62.7
288.6'
50.4
-141.1
83.2
108.3
298.2'
-8.3
-203.6
67.0
128.4
309.3'
-33.2
-173.1
38.5
101.4
307.6'
-34.4
-264.3
159.3
70.6
400.4
-129.3
-299.7
95.6
74.8
228.3
-308.9
-470.4
135.7
25.7
195.0
-143.7
-400.2
155.9
100.5
217.7
-401.5
-586.8
172.0
13.3
500.4
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
Q3
Q4
Q1
Q2
Q3'
Q4'
3,044.2'
3,305.6'
3,208.0
4,046.6
4,503.7
95.8'
-77.7'
33.6'
9.0'
130.7'
.2
788.1
2,160.3'
-10.5
982.5
760.2
219.7
-9.4
12.0
10.8'
46.5
89.0
189.1'
-3.5'
60.0
8.5
-198.5
203.5'
6.4
11.7
-65.5
64.7
429.8'
4.5
37.6
67.3
226.5'
227.6'
104.4'
49.7'
14.2'
75.9
-16.6
736.4
2,341.6'
32.0
597.2
426.8
126.6
29.4
14.4
237.6'
41.6
49.2
81.5'
4.6'
-23.6
11.4'
-78.5
123.5'
4.0
3.5
-66.5
122.6
664.5'
14.6
.0
120.1
280.5
121.8'
660.3
485.5
11.6
14.4
134.2
14.6
919.5
1,628.1
66.8
696.1
569.2
167.5
-46.0
5.5
141.8
21.1
115.4
86.2
17.7
-58.6
8.1
-49.2
79.8
-.8
7.1
-277.9
177.2
661.6
55.7
.0
89.1
375.7
296.7
22.9
16.3
48.7
-8.9
1,047.1
2,623.8
17.3
311.5
238.5
54.9
9.4
8.8
134.7
35.5
14.3
77.7
37.2
12.2
3.0
285.8
89.3
-3.4
4.8
148.1
175.1
721.8
206.1
.0
100.2
346.7
-94.1
637.3
499.0
31.1
13.7
85.0
8.5
819.1
3,047.3
48.4
900.6
814.9
74.3
6.7
4.6
92.2
46.3
65.3
140.4
-4.2
1.0
5.7
58.6
256.3
12.6
3.0
38.1
348.2
650.1
8.8
.0
109.9
-40.6
306.6
-19.5
.0
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
Mortgage companies
32
Real estate investment trusts (REITs)
33
Brokers and dealers
34 Funding corporations
1,668.6'
2,020.5'
2,263.9'
2,713.1' 2,882.1' 2,779.3' 3,312.3'
41.4'
-70.6'
26.1
2.1
72.1
11.6
241.9
1,385.3'
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
144.8'
108.6
.0
-5.3
68.9
25.3'
8.3'
-93.9'
-4.3
7.1
93.4
6.0
305.3
1,706.9'
39.9
205.2
191.6
-.6
4.2
10.0
44.4
41.5
9.0
130.9
-37.3'
-53.8
9.7
267.3
126.6'
3.2
.0
304.7
338.5
217.9'
-4.8
.0
8.6
92.4
-37.0'
164.7'
43.4'
26.0'
-.8
86.5
9.6
422.7
1,676.6'
77.7
404.4
393.8
6.2
3.1
1.3
33.4
42.7
39.9
233.0
7.1'
-50.7
12.7'
-17.7
138.7'
8.6
3.7
224.1
326.8
186.9'
21.2
.0
21.4'
28.4
-65.8'
191.1'
141.0'
-1.0'
1.2
52.5
-2.5
531.6
1,990.4'
37.2
299.5
323.3
-43.0
8.6
10.6
126.0
50.7
67.0
180.6
57.2'
11.2
6.0'
-95.9
138.0'
36.2
.7
236.5
330.5
219.1'
84.2
.0
28.1'
79.6
98.0'
298.9'
189.4'
32.1'
11.7'
61.8
3.9
754.4
1,828.8'
51.2
582.2
548.0
20.3
.0
13.9
172.8
42.0
73.6
173.0
-5.3'
27.2
4.7'
-124.9
116.6'
11.2
3.8
46.2
53.0
l,668.6r
2,020.5'
2,263.9'
-.4
-4.0
2.4
126.9
12.0
-113.6
231.0
116.2
232.5
114.5
5.3
237.6'
402.3
146.1
50.2
271.4'
25.9
-52.2
1,372.5'
4.3
.0
1.3
6.8
-28.0
156.8
314.6
68.5
428.5
23.7
98.3
204.9'
-80.4
3.1
77.2
250.6'
14.4
-23.9'
711.1'
4,845.1'
580.5'
504.7'
-16.0'
13.1'
54.2'
24.6
593.0
1,605.8'
71.3
263.5
252.7
-2.7
3.0
10.5
128.0
18.9
73.5
158.2
-16.5'
-63.1
10.9'
-162.0'
103.4
104.3
62.1
521.3'
394.1'
42.5'
14.1'
72.5'
-1.9
817.0
1,974.0'
57.6
714.7
615.5
86.5
-2.0
14.8
259.2
43.3
50.6
154.9
23.2'
-5.1
.1
19.6'
125.2
12.7
4.2
-106.0
-64.6
129.6
.0
87.9
-29.2
90.3'
31.9
302.8
-4.7'
191.4
.0
177.3
-110.7
96.2'
2,713.1'
2,882.1'
2,779.3'
3.2
.0
1.0
21.0
17.4
-9.0
323.4
50.0
-16.7
106.6
46.4
181.1'
70.8
-87.0
60.1
247.5'
22.2
-83.1
481.9'
-.9
.0
.6
22.3
-14.6
81.7
306.9
61.8
-207.5
227.2
119.1
288.6'
33.1
132.5
66.8
201.0'
-1.0
23.3'
546.9'
-3.2
.0
.7
111.3
-5.0
89.7
283.1
246.6
-136.5
83.2
50.4
298.2'
209.4'
166.6
33.1
189.5'
27.6'
-52.5'
1,496.6'
-2.1
.0
.7
79.8
-45.7
20.8
239.3
207.4
-164.4'
396.8
-8.3
309.3'
229.1'
-10.2
37.9
210.6'
25.8'
-78.7'
1,596.6'
-3.2
.0
.1
196.6
-8.0
164.0
270.6
322.8
-169.9'
-45.8
-33.2
307.6'
216.0'
214.3
34.4
161.7'
20.8'
-90.8'
1,474.0'
-14.5
.0
.8
371.2
142.6
53.6'
129.8'
258.2'
-71.4
580.7
-34.4'
400.4'
208.8'
9.7
15.2'
148.1'
42.0'
-32.9'
611.5'
2.8
.0
1.1
-36.4
163.4
-66.1'
292.7'
237.1'
60.7
422.8
-129.3'
228.3'
252.9'
97.2
18.1'
140.9'
9.4'
-69.7'
1,342.8'
-7.2
.0
.9
82.7
-67.2
-83.9
463.5
378.8
222.2
259.2
-308.9
195.0
281.8
6.3
20.0
62.5
6.5
-101.3
1,176.6
124.8
-48.7
100.7
379.8
210.4
296.5
178.4
-143.7
217.7
147.8
-143.9
13.3
201.3
46.0
-81.7
-164.2
-19.0
.0
.6
56.0
70.0
71.1
133.9
374.0
135.6
577.5
-401.5
500.4
220.1
215.5
21.7
99.1
39.7
-49.7
1,104.4
4,252.3'
3,700.7'
4,600.7'
5,971.0'
5,823.9'
6,344.4'
5,863.6'
6,274.0'
5,795.6
5,361.9
7,653.3
-1.2
76.4
17.3
143.4'
32.6
-347.0'
-12.9
17.2
-50.7'
21.4
-252.9'
-.6
21.5'
7.2
30.7'
19.7
-93.2'
-.3
40.0'
-4.4
-20.8'
-31.5
-105.4'
-.3
82.7'
15.0
-118.8'
14.9'
446.8'
-.3
120.9'
-33.4
84.2'
21.1'
207.7'
-.5
138.7'
22.2
-157.1'
20.3'
462.7'
.4
320.6'
12.8
348.4'
-52.1'
-141.8'
.8
-106.9'
-13.1
227.7'
17.2'
269.5'
1.7
14.5
-.4
-103.6
27.0
-33.0
-.1
123.1
38.9
56.4
-6.4
163.7
.1
64.8
-2.7
278.0
-79.2
33.1
9.0
-.3
23.5
5.7
-.5
12.5'
-1.6
-.7
148.5'
-8.9
.0
50.3
-1.2'
23.5
-.1
-13.2'
28.3
.3
26.2'
-17.1
-1.0
-43.5'
-37.7
-.6
19.4'
31.5
.8
-15.8
-4.9
.6
-67.9
14.5
.3
44.8
4,512.4'
3,569.1'
4,681.7'
5,504.2'
5,413.4'
5,803.2'
5,436.8'
5,897.6'
5,872.9
5,058.6
7,299.7
121.4
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
35 Netflowsthrough credit markets
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
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
55 Total financial sources
56
57
58
59
60
61
Liabilities not identified as assets (-)
Treasury currency
Foreign deposits
Net interbank liabilities
Security repurchase agreements
Taxes payable
Miscellaneous
Floats not included in assets (-)
62 Federal government checkable deposits
63 Other checkable deposits
64 Trade credit
65 Total identified to sectors as assets .
4,891.4'
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.
27.9
2. Excludes corporate equities and mutual fund shares.
38
Federal Reserve Bulletin Statistical Supplement • June 2006
1.59
SUMMARY OF CREDIT MARKET DEBT OUTSTANDING1
Billions of dollars, end of period
Transaction category or sector
Q4
Q2
Q3'
Nonfinancial sectors
1 Total credit market debt owed by
domestic nonfinancial sectors
25,097.4'
24,104.6'
24,104.6'
20,465.1'
26,403.9
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
1,603.7
2,578.0
1,257.0
941.0
7,336.6'
5,571.3
428.8
1,218.5'
118.0'
1,869.0'
119.9'
3,609.8
27.3
1,763.1
2,710.3
1,170.0
961.3
8,150.7'
6,244.2
466.0
1,315.0
125.6'
1,952.7'
84.8'
4,008.2
24.9
1,898.2
2,868.6
1,122.3
971.3
9,132.5'
7,024.1
536.1
1,438.7
133.6'
2,034.4'
101.6'
4,370.7
24.3
2,031.3
2,946.3
1,155.8
996.3
10,357.8'
8,029.9'
586.2'
1,599.7
142.0'
2,120.6'
109.0'
4,268.7
24.2
1,993.7
2,911.7
1,120.6
971.1
10,042.4'
7,781.2'
571.5
1,549.0
140.8'
2,070.6'
101.6'
4,370.7
24.3
2,031.3
2,946.3
1,155.8
996.3
10,357.8'
8,029.9'
586.2'
1,599.7
142.0'
2,120.6'
115.3'
4,535.6
24.1
2,086.0
2,955.1
1,172.5
1,010.3
10,611.9'
8,233.5'
596.9
1,638.6'
143.0
2,097.0'
114.4'
4,493.1
23.7
2,134.6
2,962.7
1,224.4
1,041.1
10,990.7'
8,530.3'
615.7
1,698.5'
146.2
2,112.8'
119.6
4,566.0
23.6
2,176.4
2,987.9
1,236.1
1,039.6
11,416.5
8,872.3
628.7
1,767.1
148.3
2,152.9
93.8
4,678.0
23.8
2,227.0
3,007.0
1,295.1
1,078.3
11,822.8
9,175.5
647.9
1,851.4
147.9
2,178.0
100.4
4,834.4
23.6
2,255.9
3,067.1
1,349.3
1,075.6
12,177.7
9,455.5
662.5
1,909.3
150.4
2,149.6
By borrowing sector
Households
Nonfinancial business
Corporate
Nonfarm noncorporate
Farm
State and local government
Federal government
7,568.1'
6,897.0'
4,745.5'
1,959.3
192.1'
1,298.1
3,379.5
8,300.9'
7,085.2'
4,777.4'
2,107.8
200.0'
1,442.0
3,637.0
9,250.7'
7,301.6'
4,889.2'
2,204.8
207.6'
1,559.7
4,033.1
10,297.9'
7,733.7'
5,070.1'
2,444.3'
219.4'
1,678.0
4,395.0
9,995.3'
7,578.9'
4,990.4'
2,370.7'
217.8'
1,644.9
4,292.9
10,297.9'
7,733.7'
5,070.1'
2,444.3'
219.4'
1,678.0
4,395.0
10,472.1'
7,848.0'
5,135.1'
2,496.7'
216.2
1,728.1
4,559.7
10,792.5'
8,017.4'
5,211.9'
2,581.4'
224.1
1,770.7'
4,516.8
11,154.4
8,165.9
5,271.5
2,663.6
230.8
1,808.7
4,589.6
11,506.7
8,344.8
5,350.3
2,762.8
231.7
1,850.6
4,701.9
11,760.5
8,538.0
5,458.0
2,847.3
232.6
1,877.0
4,858.0
22 Foreign credit market debt held in
United States
862.9r
1,072.3'
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'
916.7
63.3
39.1'
279.7'
884.9
58.7
39.9'
329.9'
916.7
63.3
39.1'
332.3'
915.5
66.3
34.3'
336.2'
933.6
65.0
33.0'
355.0
934.2
66.3
31.3
368.4
935.2
76.2
30.4
389.0
947.1
78.2
28.7
20,005.5'
21,537.5'
23,389.6'
25,453.6'
24,775.2'
25,453.6'
25,956.2
26,465.3'
27,105.6
27,814.1
28,476.5
2
3
4
5
6
7
8
9
10
11
12
13
14
Commercial paper
Bonds
Bank loans n.e.c
Other loans and advances
27 Total credit market debt owed by nonfinancial
sectors, domestic and foreign
1,367.8'
1,349.0'
1,349.0'
1,410.2
Financial sectors
28 Total credit market debt owed by
financial sectors
10,020.6'
11,898.1'
11,898.1'
12,326.1'
12,880.4
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
48
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
Mortgage companies
Real estate investment trusts (REITs)
Funding corporations
296.0
266.1
285.7
4.9
3.1
2,130.6
2,831.8
1,704.6'
42.3
779.2
16.0
171.2
640.4'
325.5
286.4
262.3
6.9
5.1
2,350.4
3,158.6
1,885.0'
40.6
821.4
16.0
195.7
666.7'
339.3
321.8
268.3
9.1
8.0
2,594.1
3,489.1
2,083.6'
47.0
939.6
16.0
227.7
683.6'
357.5
381.3
332.8
11.4
11.1
2,659.2
3,542.2
2,405.4'
62.2
1,057.4
16.0
340.9
720.8'
356.8
366.6
308.2
9.9
8.6
2,670.5
3,543.6
2,304.7'
68.9
995.1
16.0
285.8
672.5'
357.5
381.3
332.8
11.4
11.1
2,659.2
3,542.2
2,405.4'
62.2
1,057.4
16.0
340.9
720.8'
373.0
403.3
324.3
11.8
10.7
2,606.8
3,547.1
2,507.8'
65.0
1,067.7
16.0
359.2
749.9'
383.4
408.6
344.1
12.5
11.2
2,585.7
3,567.9
2,678.8'
63.7
1,068.3
16.0
382.4
803.4'
389.1
421.5
344.3
12.6
11.3
2,524.8
3,616.6
2,844.9
70.7
974.2
16.0
398.9
816.4
394.3
429.5
348.9
14.7
11.5
2,575.0
3,677.1
3,043.9
62.4
1,034.5
16.0
421.1
851.4
398.3
438.6
343.1
14.6
12.2
2,611.2
3,752.6
3,203.7
71.1
1,029.9
16.0
444.8
885.8
49 Total credit market debt, domestic and foreign .
29,177.6'
31,558.1'
34,416.8'
37,351.7'
36,382.3'
37,351.7'
37,998.7'
38,791.4'
39,547.0
40,694.4
41,698.4
1,571.1'
3,352.7
4,989.1
1,603.7
5,494.1'
1,424.3
1,451.3'
7,422.2'
1,869.0'
1,507.6'
3,609.8
5,536.3
1,763.1
6,123.8'
1,344.2
1,476.1'
8,244.5'
1,952.7'
1,432.5'
4,008.2
6,108.1
1,898.2
6,901.8'
1,283.9
1,515.2'
9,234.6'
2,034.4'
1,567.2'
4,370.7
6,225.6
2,031.3
7,606.6'
1,332.4
1,611.2'
10,486.2'
2,120.6'
1,450.4'
4,268.7
6,238.3
1,993.7
7,343.2'
1,291.8
1,565.2'
10,160.3'
2,070.6'
1,567.2'
4,370.7
6,225.6
2,031.3
7,606.6'
1,332.4
1,611.2'
10,486.2'
2,120.6'
1,606.2'
4,535.6
6,177.9
2,086.0
7,773.5'
1,353.5
1,623.2'
10,746.0'
2,097.0'
1,668.5'
4,493.1
6,177.3
2,134.6
7,990.6'
1,398.9
1,686.0'
11,129.5'
2,112.8'
1,744.1
4,566.0
6,165.0
2,176.4
8,072.9
1,423.9
1,685.4
11,560.3
2,152.9
1,833.9
4,678.0
6,275.9
2,227.0
8,310.7
1,491.6
1,728.9
11,970.5
2,178.0
1,901.3
4,834.4
6,387.4
2,255.9
8,571.6
1,547.7
1,721.1
12,329.4
2,149.6
29
30
31
50
51
52
53
54
55
56
57
58
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
1,197.3'
2,130.6
1,133.5'
2,350.4
1,080.5'
2,594.1
1,135.7'
2,659.2
1,061.8'
2,670.5
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
2,831.8
2,359.0'
104.1
463.7
85.6
3,158.6
2,708.3'
105.6
470.5
93.8
3,489.1
3,158.8'
100.8
501.7
102.1
3,542.2
3,743.6'
113.3
575.8
128.4
3 543.6
3,546.6'
112.5
554.3
117.8
3,542.2
3,743.6'
113.3
575.8
128.4
3,547.1
3,902.9'
114.6
578.6
134.0
3,567.9
4,094.4'
109.5
611.9
138.8
3,616.6
4,150.8
121.5
614.5
143.8
3,677.1
4,368.4
120.3
620.1
147.7
3,752.6
4,557.4
120.3
616.9
151.7
1. Data in this table appear in the Board's Z.I quarterly statistical release, tables L.2
through L.4, available at www.federalreserve.gov/releases.
Flow of Funds
1.60
39
SUMMARY OF FINANCIAL ASSETS AND LIABILITIES1
Billions of dollars except as noted, end of period
Transaction category or sector
Q4
CREDIT MARKET DEBT OUTSTANDING
Q1
Q2
Q4'
2
Total credit market assets
29,177.6' 31,558.1' 34,416.8"
Domestic nonfinancial sectors
Household
Nonfinancial corporate business
Nonfarm noncorporate business
State and local governments
Federal government
Rest of the world
Financial sectors
Monetary authority
Commercial banking
U.S.-chartered commercial banks
Foreign banking offices in United States . .
Bank holding companies
Banks in U.S.-affiliated areas
Savings institutions
Credit unions
Property-casualty insurance companies . . . .
Life insurance companies
Private pension funds
State and local government retirement funds
Federal government retirement funds
Money market mutual funds
Mutual funds
Closed-end funds
Exchange-traded funds
Government-sponsored enterprises
Agency- and GSE-backed mortgage pools
Asset-backed securities (ABSs) issuers
Finance companies
Mortgage companies
Real estate investment trusts (REITs)
Brokers and dealers
Funding corporations
3,951.0'
2,368.1'
246.1
73.1'
985.0
278.8'
2,949.0
22,277.6'
551.7
5,210.5
4,610.1
510.7
24.7
65.0
1,133.2
421.2
518.4
2,074.8
584.5'
689.4
44.8
1,584.9
1,229.7'
108.5
.0
2,099.1
2,831.8
1,609.6'
846.4
32.1
48.0
316.0
343.1'
4,179.9'
2,475.6'
272.1'
72.4'
1,071.4
288.3'
3,424.1
23,954.1'
629.4
5,614.9
5,003.9
516.9
27.8
66.3
1,166.6
463.9
558.3
2,307.8
591.6'
638.7
57.6'
1,567.1
1,368.4'
117.1
3.7
2,323.2
3,158.6
1,796.5'
867.6
32.1
69.4'
344.4
277.3'
4,521.5'
2,767.1'
271.1
73.6'
1,124.0
285.8'
3,918.4
25,976.9'
666.7
5,960.8
5,361.7
485.8
36.4
76.9
1,292.6
514.5
625.2
2,488.3
648.8'
649.9
63.6'
1,471.3
1,506.4'
153.3
4.5
2,559.7
3,489.1
2,001.6'
951.8
32.1
97.5
424.1
375.3'
37,351.7" 36,382.3'
4,831.5'
2,967.5'
85.2'
1,185.8
289.7'
4,679.7
27,840.6'
717.8
6,543.0
5,909.7
506.1
36.4
90.8
1,485.4
556.5
698.8
2,661.4
643.6'
677.1
68.2'
1,346.3
1,623.0'
164.5
8.2
2,605.9
3,542.2
2,324.5'
1,081.4
32.1
200.1
394.9
465.6'
4,633.0'
2,814.9'
283.7'
81.7'
1,162.5
290.1'
4,475.4
27,273.9'
700.3
6,336.9
5,734.3
478.6
36.9
87.1
1,426.9
547.7
686.2
2,631.6
637.8'
678.4
68.2'
1,321.6'
1,586.9'
161.3
7.2
2,631.3
3,543.6
2,232.9'
1,033.4
32.1
155.8
453.5
400.3'
37,351.7'
37,998.7' 38,791.4"
39,547.0
40,694.4
41,698.4
4,831.5'
2,967.5'
303.2'
85.2'
1,185.8
289.7'
4,679.7
27,840.6'
717.8
6,543.0
5,909.7
506.1
36.4
90.8
1,485.4
556.5
698.8
2,661.4
643.6'
677.1
68.2'
1,346.3
1,623.0'
164.5
8.2
2,605.9
3,542.2
2,324.5'
1,081.4
32.1
200.1
394.9
465.6'
4,809.4'
2,920.9'
298.8'
87.5'
1,216.3
285.8'
4,866.7
28,322.7'
717.3
6,745.2
6,054.3
563.1
34.0
93.8
1,496.3'
566.0
721.1
2,714.2'
642.7'
692.1
70.4'
1,294.3
1,669.3'
166.1
11.2
2,581.4
3,547.1
2,425.9'
1,076.8
32.1
209.5
440.0
503.7'
4,910.4'
2,998.8'
303.7'
91.1'
1,235.3
281.7'
5,061.9
28,819.1'
724.7
6,909.7
6,178.8
592.1
41.4
97.4
1,550.2
579.0
733.4
2,733.3'
643.8'
686.2
73.2'
1,252.7
1,697.3'
167.1
12.0
2,571.2
3,567.9
2,593.5'
1,085.4
32.1
239.5
457.3
509.6'
4,943.2
2,981.3
316.7
94.7
1,265.2
285.3
5,297.5
29,306.3
736.4
7,084.1
6,327.3
628.2
29.9
98.8
1,588.8
585.9
762.3
2,760.6
648.3
671.5
75.2
1,246.8
1,719.6
166.9
13.8
2,503.1
3,616.6
2,754.2
1,101.1
32.1
261.8
432.0
545.2
5,119.2
3,121.5
332.7
98.7
1,283.1
283.1
5,552.5
30,022.8
744.2
7,189.8
6,408.3
648.3
32.2
101.0
1,616.6
592.7
765.8
2,763.8
657.6
674.6
76.0
1,336.2
1,747.0
166.0
15.0
2,540.5
3,677.1
2,944.0
1,151.6
32.1
286.9
486.0
559.5
5,232.2
3,215.9
326.9
102.2
1,302.0
285.2
5,746.1
30,720.0
758.5
7,366.7
6,561.2
669.5
33.9
102.1
1,648.8
602.0
782.2
2,805.8
656.5
674.8
77.4
1,347.7
1,806.8
169.2
15.7
2,542.5
3,752.6
3,100.5
1,148.1
32.1
314.3
504.0
613.7
37,998.7'
38,791.4"
RELATION OF LIABILITIES
TO FINANCIAL ASSETS
35 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
41,698.4
55.8
2.2
25.5
831.1
206.0
1,351.2
3,693.9
1,171.0
2,223.9
1,340.3
3,638.4
738.8
920.9
7,917.2'
2,743.7'
241.4
11,843.3'
62.3
2.2
26.0
853.4
192.9
1,432.9
4,000.8
1,232.8
2,016.4
1,567.5
4,654.2'
871.3
1,013.2
9,340.7'
2,776.8'
240.5
12,267.8'
62.2
2.2
26.7
964.7
187.6
1,522.6
4,283.9
1,504.9
1,879.8
1,650.7
5,436.3'
1,037.9
1,060.4
10,302.8'
2,986.2'
268.1'
13,537.8'
58.8'
2.2
26.7
915.5
168.3
1,464.0
4,223.6
1,436.4
1,866.4'
1,673.5
4,983.3'
985.5
1,038.2
9,679.9'
2,922.4'
275.0'
12,983.0'
62.2
2.2
26.7
964.7
187.6
1,522.6
4,283.9
1,504.9
1,879.8
1,650.7
5,436.3'
1,037.9
1,060.4
10,302.8'
2,986.2'
268.1'
13,537.8'
56.3
2.2
26.9
1,057.5
195.6
1,500.4'
4,362.4'
1,575.4
1,841.0
1,782.8
5,471.6
1,051.5
1,059.4'
10,156.9'
3,019.6'
283.8'
13,604.3'
27.2
1,048.4
227.9
1,515.1
4,408.0
1,637.1
1,832.4
1,911.3
5,595.7'
1,064.5
1,067.2'
10,351.7'
3,086.2'
286.0'
13,801.4'
52.0
2.2
27.4
1,069.1
227.2
1,481.4
4,513.0
1,738.0
1,876.6
1,983.9
5,874.4
1,068.0
1,077.7
10,628.0
3,162.2
295.8
13,587.8
45.9
2.2
27.5
1,100.3
236.6
1,523.6
4,600.3
1,776.0
2,006.9
2,011.0
6,048.8
1,030.2
1,083.2
10,855.0
3,209.0
294.1
13,316.1
46.0
2.2
27.6
1,114.3
226.6
1,503.8
4,680.8
1,877.4
2,014.1
2,143.3
6,472.9
1,096.0
1,096.8
11,108.6
3,248.7
309.1
13,150.5
53 Total liabilities
68,294.9' 70,502.7'
76,968.2'
84,066.5'
81,085.0'
84,066.5'
85,046.3'
86,707.9"
88,211.8
89,861.2
91,817.0
Financial assets not included in liabilities (+)
54 Gold and special drawing rights
55 Corporate equities
56 Household equity in noncorporate business . .
21.8
15,310.6
4,797.2'
23.2
11,900.5
4,943.8'
23.7
15,618.5
5,365.6'
24.6
17,389.3
5,889.8'
23.8
15,780.1
5,737.9'
24.6
17,389.3
5,889.8'
22.6
16,998.1
6,063.6'
22.3
17,158.5
6,265.1'
19.3
17,857.0
6,474.4
19.3
18,177.7
6,649.6
19.4
19,025.3
6,786.3
-8.6
630.9
11.1
390.3'
93.3
-3,512.3'
-9.1
652.5'
15.5
421.0'
126.3
3,382.8'
-9.5
692.5
12.6
400.3'
69.3
-3,193.2'
-9.7
775.1'
27.3
281.5'
96.2'
2,941.1'
-9.6
740.5'
20.4
350.3'
90.9'
2,923.9'
-9.7
775.1'
27.3
281.5'
96.2'
-2,941.1'
-9.4
-9.6
828.6'
855.3'
23.3
35.7
443.9'
365.5'
95.4'
90.7'
3,116.3' -3,108.8'
-9.0
832.2
27.5
435.1
80.9
3,375.3
-9.1
863.0
38.3
413.8
93.7
-3,719.1
-9.0
879.2
43.6
481.2
90.6
-3,924.3
-12.3
21.6
154.2'
-11.7
20.9
302.6'
-17.9
20.8
352.9'
11.2
20.6
351.7'
3.1
12.5
280.9'
11.2
20.6
351.7'
1.7
19.6
264.1'
2.5
12.4
275.9
1.4
20.6
324.8
1.9
16.7
307.6
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
57
58
59
60
61
62
Liabilities not identified as assets (-)
Treasury currency
Foreign deposits
Net interbank transactions
Security repurchase agreements
Taxes payable
Miscellaneous
Floats not included in assets (-)
63 Federal government checkable deposits
64 Other checkable deposits
65 Trade credit
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
8,761.3'
2,672.9'
219.2
11,221.7'
66 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.
4.9
16.4
309.7'
54.3
109,578.3' 111,595.3"
2. Excludes corporate equities and mutual fund shares.
119,760.6
40
Federal Reserve Bulletin Statistical Supplement • June 2006
2.12
OUTPUT, CAPACITY, AND CAPACITY UTILIZATION'
Seasonally adjusted
2005
2006
2005
2006
2005
2006
Series
Q2
Q3
Q4
Ql'
Output (2002=100)
Q2
Q3
Q4
Ql'
Capa city (percen t of 2002 output)
Q2
Q3
Q4
Ql'
Capacity utilization rate (percent)2
1 Total industry
107.6
108.0
109.4
110.8
134.7
135.3
135.9
136.6
79.9
79.8
80.5
81.1
2 Manufacturing
3
Manufacturing (NAICS)
108.6
109.0
109.2
109.7
111.6
112.2
113.1
113.8
138.3
139.6
139.1
140.4
139.9
141.3
140.7
142.2
78.5
78.1
78.5
78.1
79.8
79.4
80.4
80.1
4
5
Durable manufacturing
Primary metal
114.9
98.0
116.9
98.4
121.1
103.4
122.7
105.9
150.0
123.8
151.5
123.9
153.2
123.9
154.8
123.6
76.6
79.1
77.1
79.4
79.1
83.5
79.3
85.7
6
7
8
9
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
105.6
114.6
151.8
106.5
115.5
159.6
108.9
120.3
169.4
110.6
119.9
173.8
142.2
144.3
201.2
142.6
144.3
208.6
143.1
144.2
216.6
143.6
144.3
224.4
74.3
79.4
75.4
74.7
80.1
76.5
76.1
83.5
78.2
77.0
83.0
77.4
104.4
109.4
107.5
112.9
110.7
112.2
113.3
112.2
126.8
138.2
126.5
139.5
126.2
141.0
126.2
142.2
82.3
79.1
84.9
80.9
87.7
79.6
89.8
78.9
110.1
102.0
104.0
90.1
105.6
101.2
104.4
92.1
115.7
101.8
106.0
91.5
121.0
103.5
107.6
90.6
159.8
127.3
129.3
120.3
160.6
127.3
129.4
119.4
161.3
127.2
129.5
118.5
162.2
127.4
129.8
117.7
68.8
80.1
80.4
74.9
65.8
79.5
80.7
77.2
71.7
80.0
81.9
77.2
74.6
81.3
82.9
77.0
97.6
106.8
104.0
103.2
102.6
96.4
102.8
101.3
104.6
100.8
98.4
99.7
100.7
107.3
101.6
98.8
103.6
102.6
108.1
100.9
115.9
113.9
135.3
121.1
117.8
115.8
114.0
135.6
120.8
117.9
115.7
114.2
135.9
120.5
118.0
115.6
114.3
136.3
120.7
118.1
84.2
93.8
76.8
85.3
87.1
83.2
90.1
74.7
86.6
85.5
85.0
87.3
74.1
89.0
86.1
85.5
90.6
75.3
89.6
85.5
20 Mining
21 Electric and gas utilities
100.4
104.8
96.4
108.2
92.6
106.6
98.3
102.5
112.0
123.0
111.9
122.9
111.9
122.8
111.7
122.8
89.6
85.2
86.1
88.1
82.7
86.9
88.0
83.5
MEMOS
22 Computers, communications equipment, and
semiconductors
165.7
175.9
186.8
193.4
221.8
233.6
246.7
258.7
74.7
75.3
75.7
74.8
23 Total excluding computers, communications
equipment, and semiconductors
104.9
105.0
106.1
107.3
130.7
130.8
131.0
131.3
80.3
80.2
81.0
81.7
24 Manufacturing excluding computers,
communications equipment, and
semiconductors
105.4
105.6
107.6
108.9
133.5
133.8
134.0
134.4
78.9
78.9
80.3
81.0
10
11
12
13
14
15
16
17
18
19
Paper
Petroleum and coal products
Chemical
Plastics and rubber products
Other manufacturing (non-NAICS)
Selected Measures
2.12
41
OUTPUT, CAPACITY, AND CAPACITY UTILIZATION' —CONTINUED
Seasonally adjusted
1973
1975
Previous cycle2
High
Low
High
Latest cycle3
2005
2005
May
Dec.
2006
Series
Low
High
Low
Capacity ut lization rate (percent)
Jan.
Feb.'
Mar.'
Apr.'
May'
4
1 Total industry
88.9
74.1
86.6
70.7
85.1
78.6
79.8
81.1
80.9
81.1
81.4
81.9
81.7
2 Manufacturing
3
Manufacturing (NAICS)
88.3
88.4
71.6
71.4
86.2
86.3
68.4
67.8
85.5
85.5
77.1
76.9
78.6
78.1
80.1
79.7
80.5
80.2
80.2
79.9
80.4
80.1
80.8
80.5
80.5
80.3
89.4
101.9
69.7
69.7
86.8
90.4
62.8
46.9
84.6
94.9
73.4
74.6
76.7
79.9
79.0
84.0
79.3
86.3
79.2
85.8
79.3
84.8
79.9
86.5
79.5
87.3
91.7
94.5
69.7
74.5
82.8
92.6
61.8
58.2
81.7
85.3
72.6
73.9
74.4
79.4
75.8
84.5
76.6
83.0
76.9
82.5
77.5
83.6
78.0
85.3
77.7
83.7
86.9
66.1
89.4
76.4
81.5
75.9
75.7
78.6
77.6
77.4
77.2
77.5
77.7
99.3
95.6
68.0
54.6
91.9
95.2
64.7
45.0
89.0
89.3
77.0
56.0
82.3
78.7
87.7
77.4
89.9
79.1
89.2
78.3
90.2
79.2
91.6
78.9
91.0
77.8
75.8
87.6
67.5
72.4
86.7
85.8
68.8
75.6
87.3
86.9
81.3
81.5
69.1
80.0
73.3
80.8
73.9
81.5
75.4
81.0
74.5
81.2
75.8
81.4
75.7
81.4
86.3
89.5
77.6
61.9
84.5
89.9
80.6
72.6
85.9
91.5
81.1
77.6
80.7
74.7
82.5
75.9
83.2
77.5
82.5
77.2
83.2
76.2
83.3
75.8
83.0
75.7
96.7
92.2
85.3
96.1
86.0
74.3
80.8
69.1
61.8
75.5
95.2
91.7
83.2
90.2
88.5
81.3
70.4
68.0
71.3
86.1
93.6
89.0
85.0
89.5
91.0
85.6
83.0
80.0
76.2
80.7
83.5
92.7
76.8
85.1
87.6
85.8
89.1
74.9
90.0
86.7
87.1
91.9
75.3
89.7
86.4
85.0
90.9
75.0
89.5
84.9
84.3
89.1
75.5
89.7
85.1
84.3
87.5
75.8
90.4
85.8
84.8
91.2
75.4
90.0
85.3
20 Mining
21 Electric and gas utilities
93.6
96.3
87.6
82.7
93.9
88.2
78.7
77.6
86.1
92.7
83.6
84.1
89.1
83.7
85.4
89.0
87.4
80.1
88.1
84.6
88.6
85.7
89.7
86.4
89.6
86.5
MEMOS
22 Computers, communications
equipment, and semiconductors .
84.4
62.4
88.7
74.0
80.9
74.0
74.9
76.1
74.9
74.8
74.6
74.6
74.7
23 Total excluding computers,
communications equipment,
and semiconductors
89.1
74.4
86.7
70.5
85.5
78.8
80.1
81.6
81.5
81.7
82.0
82.6
82.3
24 Manufacturing excluding computers,
communications
equipment, and semiconductors .
88.4
71.9
86.3
68.1
86.0
77.3
79.0
80.6
81.2
80.8
81.1
81.5
81.2
4
5
Durable manufacturing
Primary metal
6
7
8
14
Fabricated metal products . . . .
Machinery
Computer and electronic
products
Electrical equipment,
appliances, and
components
Motor vehicles and parts
Aerospace and
miscellaneous
transportation equipment .
Nondurable manufacturing
Food, beverage, and tobacco
products
Textile and product mills . . . .
15
16
17
18
19
Paper
Petroleum and coal products . .
Chemical
Plastics and rubber products . .
Other manufacturing (non-NAICS) .
9
10
11
12
13
NOTE: The statistics in this release cover output, capacity, and capacity utilization in the
industrial sector, which is defined by the Federal Reserve to comprise manufacturing, mining,
and electric and gas utilities. Mining is defined as all industries in sector 21 of the North
American Industry Classification System, or NAICS; electric and gas utilities are those in
NAICS sectors 2211 and 2212. Manufacturing comprises NAICS industries (sector 31-33)
plus the logging industry and the newspaper, periodical, book, and directory publishing
industries. Logging and publishing are classified elsewhere in NAICS (under agriculture and
information respectively), but historically they were considered to be manufacturing and were
included in the industrial sector under the Standard Industrial Classification (SIC) system. In
December 2002, the Federal Reserve reclassified all its industrial output data from the SIC
system to NAICS.
1. Data in this table also appear in the Board's G.17 (419) monthly statistical release, on
the Board's website www.federalreserve.gov/releases/gl7. The latest historical revision of the
industrial production index and the capacity utilization rates was released in November 2005.
The recent annual revision is described in Kimberly Bayard and Charles Gilbert (2006),
"Industrial Production and Capacity Utilization: The 2005 Annual Revision," Federal
Reserve Bulletin, vol. 92, pp. A39-A58, http://www.federalreserve.gov/pubs/bulletin/2006/
ipO6.pdf.
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 • June 2006
INDUSTRIAL PRODUCTION
Indexes and Gross Value'
Monthly data seasonally adjusted
Group
2002
propor-
2005
avg.
May
July
Sept.
Oct.
Nov.
Dec.
Apr.'
Mayp
Index (2002=100)
MAJOR MARKETS
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
107.4
108.3
108.3
108.6
107.2
108.4
109.4
110.4
110.3
110.7
111.3
112.2
59.0
31.1
8.9
4.7
0.4
1.5
2.4
22.1
18.3
9.8
1.0
4.9
2.1
3.9
109.3
105.5
109.4
112.6
120.0
105.4
103.9
104.0
103.8
104.4
85.3
104.7
105.4
104.7
08.1
04.6
07.1
09.3
24.7
04.0
02.5
03.5
03.9
04.2
83.3
05.4
06.2
02.0
109.0
105.8
108.5
111.7
120.4
105.6
102.5
104.7
104.0
104.7
82.9
105.2
105.6
107.2
109.1
105.2
107.1
109.5
116.1
105.2
102.3
104.4
103.8
104.7
84.7
104.2
104.7
107.1
109.5
105.6
110.1
114.4
113.6
106.5
103.1
103.9
103.2
103.8
85.0
103.8
104.4
106.5
109.1
106.4
112.7
117.8
113.5
108.5
104.9
103.9
103.7
104.5
85.7
104.2
103.9
105.0
111.0
106.5
113.1
117.3
125.3
108.4
106.3
103.9
104.2
105.3
85.4
104.1
105.3
102.7
111.3
105.7
110.1
111.7
132.1
106.2
106.6
103.9
104.4
105.7
86.2
103.8
104.9
102.3
112.0
106.6
109.0
110.1
133.4
104.7
106.7
105.5
105.1
106.7
86.5
104.1
106.4
107.2
111.5
105.4
110.2
112.3
132.7
105.6
106.2
103.6
105.3
107.3
87.8
103.1
106.3
97.0
111.8
105.8
109.9
112.0
131.7
105.2
105.8
104.2
104.6
106.5
87.4
102.9
104.1
103.0
112.6
106.8
110.6
113.6
127.6
106.1
105.5
105.3
105.5
107.6
88.4
104.0
104.6
104.1
113.4
106.8
110.2
112.4
130.5
105.6
106.2
105.5
106.2
108.0
88.7
104.8
106.1
102.8
113.2
106.8
109.3
111.3
128.8
104.5
106.1
105.7
105.7
107.8
88.2
103.9
105.3
105.7
16
17
18
19
20
Business equipment
Transit
Information processing
Industrial and other
Defense and space equipment
10.3
1.9
3.1
5.3
1.8
119.5
117.5
134.0
17.9
18.7
29.2
11.7
24.1
118.4
119.3
131.0
111.6
124.9
120.0
118.5
133.9
113.4
126.8
120.1
118.7
136.1
112.5
127.4
115.1
88.9
138.1
113.1
124.6
123.1
121.5
141.3
114.5
127.8
125.8
127.9
144.9
115.5
128.6
126.4
129.4
144.8
116.0
129.9
127.6
134.0
146.6
115.9
129.7
128.2
134.5
148.9
115.6
131.8
129.4
133.4
151.3
117.2
131.1
132.1
136.0
154.6
119.6
132.8
131.8
135.1
157.1
118.3
134.2
21
22
Construction supplies
Business supplies
4.3
11.2
108.7
107.7
07.5
06.7
106.9
107.6
107.5
107.4
108.2
107.9
109.8
107.8
112.4
108.4
113.4
109.1
113.1
110.3
114.1
109.3
113.7
109.1
114.5
109.5
114.9
110.4
114.2
110.2
23 Materials
24
Non-energy
25
Durable
26
Consumer parts
27
Equipment parts
28
Other
29
Nondurable
30
Textile
31
Paper
32
Chemical
33 Energy
41.0
30.7
19.1
4.0
6.7
8.4
11.6
0.8
2.7
4.5
10.3
106.7
110.2
117.1
102.0
143.9
105.2
99.2
84.5
97.1
100.8
97.9
06.5
09.3
15.2
99.5
41.0
04.1
99.8
83.6
96.4
02.6
99.2
107.3
109.5
115.5
102.4
141.7
103.0
99.7
84.4
97.2
102.9
101.3
107.2
109.8
115.9
101.1
143.4
103.2
100.0
85.3
96.1
103.3
100.3
107.4
110.2
117.0
101.6
145.7
104.0
99.3
84.5
96.0
102.1
100.0
104.5
109.4
118.8
103.3
147.2
105.8
94.8
84.3
95.7
90.8
92.8
104.9
110.9
120.1
104.4
149.1
107.0
96.4
84.4
97.1
92.9
90.9
106.9
112.1
120.9
102.1
153.1
107.2
98.3
83.7
96.4
98.4
94.3
108.3
113.0
121.8
102.0
155.3
107.7
99.2
82.6
98.0
99.2
96.8
108.8
114.4
122.9
103.4
155.5
109.2
101.0
84.6
99.2
101.5
95.5
109.3
114.3
123.4
103.4
156.7
109.5
100.1
84.1
97.7
100.8
97.2
109.6
114.7
123.9
104.3
157.8
109.6
100.4
83.6
98.2
101.3
97.2
110.6
115.5
125.1
105.5
159.3
110.4
100.6
82.3
97.9
101.8
98.6
110.5
115.3
124.7
104.7
159.0
110.2
100.7
82.7
98.5
102.1
98.8
94.8
92.6
105.3
107.9
04.7
07.3
105.5
108.0
105.4
108.2
105.5
108.2
104.0
106.5
105.2
107.8
106.0
109.3
107.0
110.5
106.9
110.2
107.2
110.7
107.8
111.2
108.6
112.1
108.5
112.1
SPECIAL AGGREGATES
34 Total excluding computers, communication
equipment, and semiconductors
35 Total excluding motor vehicles and parts . .
Gross value (billions of 2000 dollars, annual rates)
36 Final products and nonindustrial
supplies
37 Final products
38
Consumer goods
39
Equipment total
40 Nonindustrial supplies . . .
2,990.6 2,960.9 2,992.1 2,986.5 2,997.0 2,981.2 3,022.8 3,038.5 3,058.4 3,054.4 3,058.8 3,078.5 3,089.5 3,094.7
31.1
12.4
2,347.7
2,335.3
2,239.3
!,262.5
2,289.8
2,311.8
1,593.2 1,578.3 1,601.0 1,589.7 1,598.1 1,604.8 1,599.3 1,596.5 1,606.9 1,599.1 1,605.2 1,615.7 1,608.0 1,618.0
742.0
738.7
675.0
664.6
668.2
677.2
676.0
651.3
696.3
707.8
711.8
721.6
727.6
720.7
Selected Measures
2.13
INDUSTRIAL PRODUCTION
43
Indexes and Gross Value1—Continued
Monthly data seasonally adjusted
Group
NAICS
code2
2002
proportion
2005
2006
2005
avg.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.'
Mar.'
Apr.'
Mayp
Index (2002=100)
INDUSTRY GROUPS
41 Manufacturing
42
Manufacturing (NAICS)
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
Durable manufacturing
Wood products
Nonmetallic mineral
products
Primary metal
Fabricated metal products .
Machinery
Computer and electronic
products
Electrical equipment,
appliances, and
components
Motor vehicles and parts . .
Aerospace and
miscellaneous
transportation
equipment
Furniture and related
products
Miscellaneous
Nondurable manufacturing . .
Food, beverage, and
tobacco products . . . .
Textile and product mills . .
Apparel and leather
Paper
Printing and support
Petroleum and coal
products
Chemical
Plastics and rubber
products
Other manufacturing
(non-NAICS)
65 Mining
66 Utilities
67
Electric
68
Natural gas
69 Manufacturing excluding
computers, communications
equipment, and
semiconductors
70 Manufacturing excluding motor
vehicles and parts
83.9
79.1
109.6
110.0
108.7
109.0
109.0
109.4
109.1
109.6
109.5
110.1
108.9
109.5
110.9
111.5
111.7
112.4
112.2
112.8
113.1
113.8
112.8
113.6
113.4
114.2
114.2
115.0
114.0
114.9
321
43.6
1.5
117.0
107.6
115.0
105.9
115.5
104.4
115.9
104.9
117.3
104.0
117.5
107.2
120.7
112.7
121.2
114.0
121.4
113.4
122.3
111.5
122.5
109.4
123.2
108.7
124.4
108.5
124.2
108.7
327
331
332
333
2.3
2.3
5.7
5.3
107.2
100.6
106.7
115.7
105.9
98.9
105.7
114.5
106.4
95.5
105.6
115.0
105.9
95.3
106.1
116.3
105.9
98.2
106.6
114.1
107.2
101.8
106.8
116.1
108.8
102.7
109.0
119.0
111.6
103.5
109.1
120.2
109.6
104.0
108.5
121.8
112.6
106.8
109.8
119.7
112.5
106.1
110.4
119.1
112.0
104.7
111.4
120.7
112.7
106.7
112.3
123.3
112.9
107.6
112.0
121.2
334
8.0
156.7
152.2
153.6
156.5
160.1
162.1
165.0
170.7
172.5
172.4
173.8
175.0
177.1
179.0
335
3361-3
2.2
7.4
106.9
112.1
104.4
108.8
105.1
111.4
106.3
109.2
107.2
113.1
108.8
116.3
110.9
116.3
110.5
110.9
110.6
109.5
113.3
112.3
112.5
111 .3
114.0
112.9
115.9
112.7
115.3
111.3
3364-9
3.6
109.8
110.4
110.2
110.9
111.7
94.2
112.2
116.4
118.4
119.6
122.3
121.1
123.5
123.5
337
339
1.8
3.3
100.7
110.3
100.3
109.0
99.9
109.7
99.8
109.7
100.2
111.6
101.7
111.9
100.5
112.6
100.2
112.2
99.4
111.7
99.3
112.0
99.7
113.0
100.6
113.0
100.7
113.2
100.7
113.2
35.5
101.8
101.9
102.1
102.1
101.5
100.1
100.7
102.0
102.7
103.7
103.1
103.6
103.9
104.0
311,2
313,4
315,6
322
323
11.4
1.4
1.0
3.1
2.4
104.4
91.4
86.0
98.0
97.7
104.3
89.8
83.9
96.8
97.0
104.5
90.8
83.6
97.8
96.5
104.8
91.9
85.5
96.6
97.9
103.9
91.9
85.9
96.2
97.2
104.6
92.6
86.7
96.5
97.9
105.5
93.2
86.5
98.8
98.2
105.8
91.6
87.5
97.2
98.3
106.9
89.7
87.7
99.3
98.4
107.8
91.5
88.9
100.8
100.2
107.1
90.9
88.5
98.3
100.7
108.1
89.6
89.2
97.4
101.4
108.6
88.9
89.3
97.3
102.5
108.3
88.6
88.9
97.8
102.2
324
325
1.7
10.7
103.8
102.6
105.5
103.9
107.9
103.9
105.6
103.7
104.2
102.7
98.5
97.5
95.4
98.8
101.9
101.3
101.7
101.9
105.0
102.5
103.9
102.2
101.9
103.1
100.2
103.6
104.4
103.2
326
3.8
104.8
103.1
102.9
103.2
104.1
106.5
106.2
107.4
108.4
108.0
108.0
108.4
109.7
109.4
1133,5111
4.8
101.9
103.2
102.0
101.0
100.9
100.4
101.4
101.1
102.3
102.0
100.3
100.5
101.3
100.7
21
2211,2
2211
2212
6.4
9.7
8.3
1.5
97.4
105.8
107.4
97.4
99.8
102.9
103.2
101.1
100.8
108.3
109.7
101.2
99.8
108.1
109.6
100.9
99.2
108.4
110.1
100.4
90.3
108.1
110.5
96.5
89.1
105.9
109.5
89.6
93.1
104.8
107.3
93.0
95.5
109.2
110.0
104.3
97.7
98.3
102.4
80.2
98.4
103.9
106.9
89.9
98.8
105.3
107.1
96.2
99.9
106.2
109.0
93.3
99.7
106.5
108.7
95.4
78.7
106.1
105.4
105.7
105.6
105.9
105.2
107.1
107.7
108.0
109.0
108.6
109.1
109.8
109.7
76.5
109.3
108.7
108.8
109.1
109.2
108.2
110.4
111.8
112.4
113.2
113.0
113.4
114.3
114.3
NOTE: The statistics in this release cover output, capacity, and capacity utilization in the
industrial sector, which is defined by the Federal Reserve to comprise manufacturing, mining,
and electric and gas utilities. Mining is defined as all industries in sector 21 of the North
American Industry Classification System, or NAICS; electric and gas utilities are those in
NAICS sectors 2211 and 2212. Manufacturing comprises NAICS industries (sector 31-33)
plus the logging industry and the newspaper, periodical, book, and directory publishing
industries. Logging and publishing are classified elsewhere in NAICS (under agriculture and
information respectively), but historically they were considered to be manufacturing and were
included in the industrial sector under the Standard Industrial Classification (SIC) system. In
December 2002, the Federal Reserve reclassified all its industrial output data from the SIC
system to NAICS.
1. Data in this table appear in the Board's G.17 (419) monthly statistical release, on the
Board's website www.federalreserve.gov/releases/gl7. The latest historical revision of the
industrial production index and the capacity utilization rates was released in November 2005.
The recent annual revision is described in Kimberly Bayard and Charles Gilbert (2006),
"Industrial Production and Capacity Utilization: The 2005 Annual Revision," Federal
Reserve Bulletin, vol. 92, pp. A39-A58, http://www.federalreserve.gov/pubs/bulletin/2006/
ipO6.pdf.
2. North American Industry Classification System.
44
Federal Reserve Bulletin Statistical Supplement • June 2006
3.10
U.S. INTERNATIONAL TRANSACTIONS
Summary
Millions of dollars; quarterly data seasonally adjusted except as noted1
Item credits or debits
1 Balance on current account
2
Balance on goods and services
3
Exports
4
Imports
5
Income, net
6
Investment, net
7
Direct
8
Portfolio
9
Compensation of employees
10
Unilateral current transfers, net
-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
Ql'
Q2'
Q3'
Q1
-791,508
-716,730
1,275,245
-1,991,975
11,293
17,598
134,417
-116,819
-6,304
-86,072
-191,724
-168,108
306,580
-474,688
3,621
5,171
30,356
-25,185
-1,550
-27,237
-193,258
-172,058
316,645
-488,703
1,994
3,549
31,052
-27,503
-1,555
-23,194
-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
-208,672
-190,741
344,646
-535,387
1,924
3,500
38,906
-35,406
-1,576
-19,855
537
1,710
5,539
2,591
989
1,501
459
943
1,523
0
601
1,494
-572
2,805
0
-398
3,826
-623
14,096
0
4,511
10,200
-615
5,331
0
1,713
3,763
-145
-797
0
-97
-564
-136
4,766
0
2,976
1,951
-161
4,796
0
-81
5,050
-173
513
0
-67
729
-149
-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
-95,313
53,483
-67,170
-50,367
-31,259
-196,568
-174,153
57,244
-45,702
-33,957
-138,647
-102,716
-29,483
-36,790
30,342
-15,911
10,368
-4,812
-47,266
25,799
-335,381
-183,637
-36,420
-53,478
-61,846
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
18,965
9,226
23,781
-740
-15,814
2,512
74,613
16,892
19,421
112
34,187
4,001
33,983
8,213
17,713
395
824
6,838
71,934
37,418
23,786
-255
5,078
5,907
75,207
41,684
24,809
-1,201
9,892
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
205,163
-70,142
80,174
86,108
1,072
77,412
30,539
271,566
152,938
-20,035
14,103
4,507
111,808
8,245
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
416,347
154,041
45,963
-1,887
1,932
183,011
33,287
-3,321
-7,510
-2,261
85,128
-4,351
10,410
-7,510
85,128
10,409
-2,691
57,678
13,192
44,486
-589
44,044
-4,862
48,905
-557
-72,240
-17,549
-54,691
-514
-19,071
9,219
-28,291
-1,756
52,799
12,137
40,662
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
5,331
-797
4,766
4,796
513
278,792
387,948
199,983
19,705
74,501
33,588
72,189
75,184
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
2005
Asset
1 Total
3 Special drawing rights2-3
4 Reserve position in International Monetary
Fund2
5 Foreign currencies4
2002
2003
2006
2004
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May'
79,006
85,938
86,824
70,218
68,773
65,127'
65,594
65,364'
65,354'
66,846'
67,706
11,043
12,166
11,043
12,638
11,045
13,582
11,041
8,224
11,041
8,180
11,043
8,210
11,044
8,302
11,044
8,310
11,043'
8,344
11,041'
8,518
11,041
8,704
21,979
33,818
22,535
39,722
19,479
42,718
12,720
38,234
12,097
37,445
8,036
37,838'
7,639
38,609
7,638
38,372
7,376
38,592
7,219
40,068
7,219
40,742
NOTE: The data presented in this table are available in the monthly statistical release "U.S.
Reserve Assets; Foreign Official Assets Held at Federal Reserve Banks," on the Board's
website at www.federalreserve.gov/releases.
1. Gold held "under earmark" at Federal Reserve Banks for foreign and international
accounts is not included in the gold stock of the United States; see table 3.13, line 3. Gold
stock is valued at $42.22 per fine troy ounce.
2. Special drawing rights (SDRs) are valued according to a technique adopted by the
International Monetary Fund (IMF) in July 1974. Values are based on a weighted average of
exchange rates for the currencies of member countries. From July 1974 through December
1980, sixteen currencies were used; since January 1981, five currencies have been used. U.S.
SDR holdings and reserve positions in the IMF have also been valued on this basis since July
1974.
3. Includes allocations of SDRs by the International Monetary Fund on Jan. 1 of the year
indicated, as follows: 1970—$867 million; 1971—$717 million; 1972—$710 million; 1979—
$1,139 million; 1980—$1,152 million; 1981—$1,093 million; plus net transactions in SDRs.
4. Valued at current market exchange rates.
Summary Statistics
3.13
45
FOREIGN OFFICIAL ASSETS HELD AT FEDERAL RESERVE BANKS'
Millions of dollars, end of period
2005
2002
Asset
2003
2006
2004
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May'
136
162
80
88
82
83
83
82
84
86
86
678,106
9,045
845,080
8,971
1,041,215
8,967
1,060,857
8,967
1,073,710
8,967
1,069,014
8,967
1,080,198
8,967
1,105,178
8,967
1,103,810
8,967'
1,097,103
8,967'
1,093,393
8,967
1 Deposits
Held in custody
3 Earmarked gold3
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
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
Apr.'
1
1 Total
2
3
4
5
6
1
8
9
10
11
12
By type
Liabilities reported by banks in the United States2
U.S. Treasury bills and certificates3
U.S. Treasury bonds and notes
Marketable
Nonmarketable4
U.S. securities other than U.S. Treasury securitiesf
By area
Europe1
Canada
Latin America and Caribbean
Asia
Africa
Other countries
1,909,034
2,195,508
1,952,250
270,387
245,199
294,662
201,863
288,760
204,912
288,760
204,912
986,454
1,630
405,363'
1,090,193
948
607,842
1,027,460
911
430,207
357,322'
7,806
112,608'
1,388,409'
10,843
31,866'
365,108
7,152
127,871
1,610,888
16,937
29,502
367,429
7,588
113,117
1,411,952
14,551
37,433
1. Includes the Bank for International Settlements.
2. Principally demand deposits, time deposits, bankers acceptances, commercial paper,
negotiable time certificates of deposit, and borrowings under repurchase agreements.
3. Includes nonmarketable certificates of indebtedness and Treasury bills issued to official
institutions of foreign countries.
4. Excludes notes issued to foreign official nonreserve agencies. Includes current value of
zero-coupon Treasury bond issues to foreign governments as follows: Mexico, beginning
March 1990, 30-year maturity issue; Venezuela, beginning December 1990, 30-year maturity
issue; Argentina, beginning April 1993, 30-year maturity issue.
5. Debt securities of U.S. government corporations and federally sponsored agencies, and
U.S. corporate stocks and bonds.
3.16
LIABILITIES TO, AND CLAIMS ON, FOREIGNERS
Payable in Foreign Currencies
2,226,423
2,234,772
2,245,192
2,253,025
294,662
201,863
297,721
210,460
284,453
216,047
293,861
215,489
298,399
197,456
1,071,897
911
580,676
1,090,193
948
607,842
1,098,274
954
619,013
1,109,388
960
623,924
1,103,113
967
631,762
1,113,811
973
642,386
350,965
6,679
122,989
1,575,216
15,247
38,010
365,108
7,152
127,871
1,610,888
16,937
29,502
374,552
6,709
134,619
1,624,915
18,528
29,050
378,763
6,357
135,778
1,625,058
20,236
30,530
386,919
7,209
136,182
1,629,326
15,274
32,232
379,637
6,963
139,116
1,637,414
16,111
35,734
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
Sept.'
1 Banks' own liabilities
2
Deposits
3
Other liabilities
80,543
n.a.
n.a.
63,119
36,674
26,445
98,349
52,410
45,939
104,059'
62,557
41,502'
109,367
67,668
41,699
85,841
59,241
26,600
94,799
60,769
34,030
4 Banks' own claims
5
Deposits
6
Other claims
71,724
34,287
37,437
81,669
38,102
43,567
129,544
51,029
78,515
109,206
47,032
62,174
101,745
42,883
58,862
93,290
43,868
49,422
106,504
49,355
57,149
7 Claims of banks' domestic customers2
8
Deposits
9
Other claims
35,923
7,907
28,016
21,365
5,064
16,301
32,056
8,519
23,537
46,669'
21,697'
24,972
45,118
21,616
23,502
54,698
20,835
33,863
65,338
24,015
41,323
1. Data on claims exclude foreign currencies held by U.S. monetary authorities.
2. Assets owned by customers of the reporting bank located in the United States that
represent claims on foreigners held by reporting banks for the accounts of the domestic
customers.
46
Federal Reserve Bulletin Statistical Supplement • June 2006
3.17
LIABILITIES TO FOREIGNERS
Payable in U.S. dollars
Reported by Banks in the United States1
Millions of dollars, end of period
Mar.
Apr.
BY HOLDER AND TYPE OF LIABILITY
2,315,606
2,911,516
3,059,461
3,006,250
3,087,592
3,059,461
3,131,300' 3,215,141' 3,223,955" 3,382,418
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
instruments6
9
Of which: negotiable time
certificates of deposit held in custody
for foreigners
10
Of which: short-term agency securities7 . . . .
11
Other
1.677.193
2,082,981
2,280,089
2,224,690
2,304,179
2,280,089
2,340,898' 2,436,709' 2,440,240' 2,596,107
852.803
824,390
460,191
638,413
955,072
1,127,909
665,127
1,041,714
1,238,375
700,845
779,372
989,513
,235,177
729,065
781,560
1,052,242
1,251,937
726,434
783,413
1,041,714
1,238,375
700,845
779,372
259,575
259,352
276,647
259,575
320,528
313,657
312,815
320,528
1,057,628' 1,083,691' 1,101,030' 1,194,104
1,283,270' 1,353,018' 1,339,210' 1,402,003
752,250
797,242
762,174
803,551
790,402
778,432
783,715
786,311
269,264
275,808
277,836'
258,878
318,984
305,976
305,448'
329,671
34,394
83,633
176,842
48,260
152,789
194,583
53,552
136,721
199,269
55,971
125,105
208,551
54,384
122,079
193,951
53,552
136,721
199,269
54,080
131,744
202,154
53,197
114,582
196,648
52,554
116,421
200,431
55,514
118,748
197,762
12 Nonmonetary international and regional organizations5
13
Banks' own liabilities
Deposits2
14
Other
15
16
Banks' custody liabilities4
17
U.S. Treasury bills and certificates5
18
Other negotiable and readily transferable
instruments6
Other
19
14,149
12,577
6,134
6,443
1,572
110
15,654
10,363
6,098
4,265
5,291
1,879
17,631
12,450
4,865
7,585
5,181
1,085
18,944
13,455
5,897
7,558
5,489
1,162
17,407
11,180
3,737
7,443
6,227
1,329
17,631
12,450
4,865
7,585
5,181
1,085
17,621'
12,346'
5,264'
7,082'
5,275
1,503
20,126
15,060
6,608'
8,452'
5,066
1,398
20,802'
16,073'
9,209
6,864'
4,729
1,399
19,551
14,177
9,470
4,707
5,374
1,081
1,462
0
3,412
0
4,096
0
4,325
4,896
4,096
0
3,772
0
3,668
0
3,330
0
4,293
0
401,856
117,737
24,208
93,529
515,586
145,516
26,613
118,903
496,525
168,999
45,381
123,618
488,794
175,427
41,245
134,182
500,663
176,339
45,098
131,241
496,525
168,999
45,381
123,618
508,181
179,316
47,009
132,307
500,500
177,218
44,999
132,219
509,350'
192,574'
44,598
147,976'
495,855
192,900
45,648
147,252
284,119
212,032
370,070
245,199
327,526
201,863
313,367
199,801
324,324
214,852
327,526
201,863
328,865
210,460
323,282
216,047
316,776
215,489
302,955
197,456
69,638
2,449
123,165
1,706
124,538
1,125
111,871
1,695
108,590
882
124,538
1,125
118,404
1
107,234
1
101,286
1
105,498
1
1,380,639
1,163,309
706,536
456,773
217,330
18,267
1,574,793
1,354,437
773,703
580,734
220,356
26,978
1,787,056
1,563,894
839,108
724,786
223,162
23,723
1,704,164
1,472,688
787,465
685,223
231,476
24,592
1,788,669
1,569,831
848,097
721,734
218,838
22,342
1,787,056
1,563,894
839,108
724,786
223,162
23,723
49,311
149,752
52,400
140,978
48,756
150,683
47,790
159,094
49,988
146,508
48,756
150,683
48,341
154,644
48,174
151,980
48,660
155,296
51,326
151,814
36 Other foreigners''
37
Banks' own liabilities
38
Deposits2
39
Other
518,962
383,570
115,925
267,645
805,483
572,665
148,658
424,007
758,249
534,746
152,360
382,386
794,348
563,120
154,906
408,214
780,853
546,829
155,310
391,519
758,249
534,746
152,360
382,386
784,200'
553,067'
157,312
395,755'
824,181'
597,737'
158,743
438,994'
804,391
568,644
155,931
412,713
840,853
589,901
157,357
432,544
40
41
42
135,392
28,388
232,818
44,727
223,503
32,904
231,228
33,797
234,024
38,124
223,503
32,904
231,133
35,157
226,444
34,877
235,747
38,441'
250,952
36,451
82,363
24,641
136,192
51,899
143,138
47,461
149,671
47,760
149,341
46,559
143,138
47,461
148,467
47,509
146,900
44,667
152,172'
45,134
168,554
45,947
1,125,352
1,349,777
1,455,981
1,535,303
1,577,104
1,632,541
1 Total, all foreigners
20 Official institutions9
21
Banks' own liabilities
22
Deposits2
23
Other
24
25
26
27
Banks' custody liabilities4
U.S. Treasury bills and certificates5
Other negotiable and readily transferable
instruments'"
Other
28 Banks10
29
Banks' own2 liabilities
30
Deposits
31
Other
32
Banks' custody liabilities4
U.S. Treasury bills and certificates5 .
Other negotiable and readily
transferable instruments6
35
Other
43
Banks' custodial liabilities
U.S. Treasury bills and certificates5
Other negotiable and readily
transferable instruments'" . . .
Other
258,797
202,774
828,535
318,783
315,169
1,821,298 1,870,334
1,596,169 1,646,694
873,341
848,043'
773,353
748,126'
223,640
225,129
23,486
22,144
1,889,412' 2,026,159
1,662,949' 1,799,129
981,629
891,292'
817,500
771,657'
227,030
226,463
23,890
22,507
MEMO
44 Own foreign offices12 . .
1. Reporting banks include all types of depository institutions as well as some banks/
financial holding companies and brokers and dealers. Excludes bonds and notes of maturities
longer than one year. Effective February 2003, coverage is expanded to include liabilities of
brokers and dealers to affiliated foreign offices.
2. Non-negotiable deposits and brokerage balances.
3. Data available beginning January 2001.
4. Financial claims on residents of the United States, other than long-term securities, held
by or through reporting banks for foreign customers. Effective February 2003, also includes
loans to U.S. residents in managed foreign offices of U.S. reporting institutions.
5. Includes nonmarketable certificates of indebtedness and Treasury bills issued to official
institutions of foreign countries.
6. Principally bankers acceptances, commercial paper, negotiable time certificates of
deposit, and short-term agency securities.
7. Data available beginning January 2001.
8. Principally the International Bank for Reconstruction and Development, the InterAmerican Development Bank, and the Asian Development Bank. Excludes "holdings of
dollars" of the International Monetary Fund.
1,790,750
9. Foreign central banks, foreign central governments, and the Bank for International
Settlements.
10. Excludes central banks, which are included in "Official institutions." Includes positions with affiliated banking offices also included in memo line (44) above.
11. As of February 2003, includes positions with affiliated non-banking offices also
included in memo line (44) above.
12. For U.S. banks, includes amounts owed to own foreign branches and foreign subsidiaries consolidated in the quarterly Consolidated Reports of Condition filed with bank
regulatory agencies. For agencies, branches, and majority-owned subsidiaries of foreign
banks, consists principally of amounts owed to the head office or parent foreign office, and to
foreign branches, agencies, or wholly owned subsidiaries of the head office or parent foreign
bank. Effective February 2003, includes amounts owed to affiliated foreign offices of U.S.
brokers and dealers.
Bank-Reported Data
3.17
LIABILITIES TO FOREIGNERS
Payable in U.S. dollars
47
Reported by Banks in the United States1—Continued
Millions of dollars, end of period
Mar.
Apr.
AREA OR COUNTRY
45 Total, all foreigners
2,315,606
2,911,516
3,059,461
3,006,250
3,087,592
3,059,461
3,131,300' 3,215,141' 3,223,955" 3,382,418
46 Foreign countries
2,301,457
2,895,862
3,041,830
2,987,306
3,070,185
3,041,830
3,113,679' 3,195,015' 3,203,153' 3,362,867
781.550
4,826
9,359
3,631
1,783
40,719
46,806
1,264
6,215
35,855
15,857
22,429
952
41,673
9,902
7,082
110,626
13,748
332,528
20,802
162
55,331
1,050,895
4,355
13,512
3,147
1,088
81,852
54,822
1,178
7,198
50,305
18,170
32,742
1,545
70,186
8,410
6,118
99,224
5,188
470,304
21,262
110
100,179
1,211,282
3,603
16,043
1,537
3,612
71,360
56,905
1,234
7,094
55,510
14,606
25,981
2,717
101,335
9,489
4,771
140,510
9,895
555,079
29,554
119
100,328
1,174,510
5,242
19,069
1,765
972
87,755
61,615
1,375
6,814
59,765
18,727
24,911
3,746
1,247,949
4,141
18,863
2,413
1,366
88,252
60,071
1,236
9,885
65,524
22,233
20,338
2,860
90,716
11,199
4,671
151,109
10,214
558,855
1,211,282
3,603
16,043
1,537
3,612
71,360
56,905
1,234
7,094
55,510
14,606
25,981
2,717
101,335
9,489
4,771
140,510
9,895
555,079
29,554
119
100,328
1,256,258' 1,307,600' 1,319,218' 1,435,131
4,275
5,477
5,460
4,266
18,387
15,251
18,156
17,758
2,231
2,007
2,073
2,358
5,967
3,476
1,603
953
90,305
106,134
85,305
97,033
57,682
57,083
61,478
58,321
1,509
1,522
1,308
1,505
7,846
6,650
5,941
6,806
57,707
60,246
56,081
56,932
17,580
27,743
20,740
19,614
25,234
42,850
39,225
24,387
3,164
3,223
3,804
2,747
99,023
95,082
91,133
94,220
10,484
7,851
11,138
11,040
3,899
4,513
5,833'
4,135
102,905
195,201
139,587
117,405
10,072
10,721
10,650'
12,658
610,641'
623,173'
661,979
642,579'
28,977
29,213
28,417
30,390
104
98
97
103
98,266
98,811
108,016'
102,390
35,590
34,248
33,161
38,492
37,072
38,959
32,184
43,449
110,566
9,758
16,283
4,438
4,235
2,567
1,547
35,389
4,093
1,401
3,670
21,222
5,963
135,970
10,817
15,186
7,299
6,286
2,687
1,530
50,575
4,513
1,971
4,150
24,573
6,383
133,351
9,600
11,968
8,896
6,429
3,357
1,643
42,584
5,260
3,063
4,729
27,295
8,527
131,884
9,572
13,760
6,734
7,026
2,957
1,642
41,843
4,772
3,135
4,857
27,603
7,983
37,434
145,007
9,983
17,599
7,467
6,702
3,026
1,632
49,338
4,983
2,613
4,984
28,230
8,450
33,161
70 Latin America
71
Argentina
72
Brazil
73
Chile
74
Colombia
75
Ecuador
76
Guatemala
77
Mexico
78 Panama
79
Peru
80
Uruguay
81
Venezuela
82
Other Latin America17
133,351
9,600
11,968
8,896
6,429
3,357
1,643
42,584
5,260
3,063
4,729
27,295
8,527
138,618
9,605
14,004
10,146
7,197
3,080
1,993
42,312
5,139
3,004
5,654
27,691
8,793
142,555
9,541
16,313
9,580
9,786
3,203
1,842
43,856
5,164
2,550
5,712
25,436
9,572
146,147'
9,847
19,330
12,281
10,537
3,344
1,778
42,193
5,838'
2,798
5,455
23,103
9,643
153,327
10,241
20,011
11,638
10,525
3,420
1,635
47,926
5,731
3,685
5,278
23,082
10,155
83 Caribbean
84
Bahamas
85
Bermuda
86
Cayman Islands15
87
Cuba
88 Jamaica
89
Netherlands Antilles
90 Trinidad and Tobago
91
Other Caribbean17
969,986
153,554
38,964
739,204
96
669
8,689
1,253
27,557
1,212,209
186,097
92,577
884,980
110
829
5,863
1,624
40,129
1,214,717
212,764
52,146
907,167
120
917
6,396
2,830
32,377
,207,176
192,534
63,393
911,598
116
829
5,233
2,541
30,932
1,200,678
203,620
54,039
903,088
118
784
4,794
2,441
31,794
1,214,717
212,764
52,146
907,167
120
917
6,396
2,830
32,377
1,242,092
216,992
56,757
926,009
120
695
6,104
2,961
32,454
1,278,852
231,140
56,798
947,577
121
1,201
6,098
2,849
33,068
,289,014
225,885
55,424
963,038
122
905
6,809
3,348
33,483
1,318,774
224,640
52,568
995,312
123
827
8,502
2,896
33,906
92 Asia
China
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea (South)
Philippines
Thailand
Middle Eastern oil-exporting countries19
Other
373,024
420,635
407,862
397,338
396,838
407,862
396,737
381,895
373,007'
366,012
13,236
26,808
49,557
14,534
14,373
12,223
162,003
12,647
1,683
7,226
23,626
35,108
52,767
26,496
42,788
11,154
5,903
11,214
167,008
12,421
2,949
11,355
38,257
38,323
46,460
23,278
34,077
13,737
4,306
9,789
155,515
27,091
3,785
9,973
49,500
30,351
50,033
20,746
38,004
11,164
3,226
6,485
152,939
21,112
3,195
12,290
49,518
28,626
42,499
20,484
36,001
12,084
3,521
5,965
152,196
26,108
3,014
11,033
52,899
31,034
46,460
23,278
34,077
13,737
4,306
9,789
155,515
27,091
3,785
9,973
49,500
30,351
49,509
22,390
28,611
12,036
3,547
9,035
148,251
26,568
3,474
9,249
53,255
30,812
34,190
22,265
32,246
11,075
3,319
8,558
145,173
26,775
3,544
11,638
55,608
27,504
34,273
19,490
25,442
13,254
7,806
7,485
138,531'
25,457
3,436
12,711
57,062
28,060
29,034
22,356
29,761
14,224
5,819
8,058
132,323
23,165
4,056
11,537
55,870
29,809
105 Africa
106
Egypt
107
Morocco
108
South Africa
109
Congo (formerly Zaire)
110
Oil-exporting countries20
111
Other
13,828
2,336
376
3,715
18
3 498
3,885
14,580
2,711
156
3,284
4
4,326
4,099
20,217
4,980
138
3,048
7
6,905
5,139
15,296
2,261
152
3,820
5
4,669
4,389
17,750
3,315
105
3,386
21,049
5,071
162
3,175
4
7 490
5,147
22,470
5,241
131
3,541
5
8,538
5,014
18,047
4,366
231
3,898
3
4,690
4,859
17,274
4,421
211
1,766
6,138
4,794
20,217
4,980
138
3,048
7
6,905
5,139
112 Other countries
113 Australia
114
New Zealand21
115 All other
16,913
14,020
2,465
428
27,325
23,391
3,429
505
21,240
17,767
3,007
466
22,610
18,818
3,051
741
24,529
19,576
4,113
840
21,240
17,767
3,007
466
21,853
17,002
4,331
520
22,684
17,439
4,712
533
25,536
20,558
4,355
623
28,900
23,457
4,579
864
116 Nonmonetary international and regional organizations
117
International22
118 Latin American regional23
119
Other regional24
14,149
10,500
420
3,166
15,654
11,542
1,993
2,006
17,631
12,828
2,036
2,673
18,944
14,157
3,181
1,525
17,407
12,701
2,515
2,089
17,631
12,828
2,036
2,673
17,621'
13,658'
1,709
2,153
20,126
16,481
1,626
1,928
20,802'
16,783'
1,604
2,320
19,551
14,112
2,373
2,729
47 Europe
48 Austria
49
Belgium13
50
Denmark
51
Finland
52 France
53
Germany
54
Greece
55
Italy
56 Luxembourg13
57
Netherlands
58
Norway
59 Portugal
60
Russia
61
Spain
62
Sweden
63
Switzerland
64 Turkey
65
United Kingdom
66
Channel Islands and Isle of Man14
67
Yugoslavia15
68
Other Europe and other former U.S.S.R.16
69 Canada
93
94
95
96
97
98
99
100
101
102
103
104
13. Before January 2001, data for Belgium-Luxembourg were combined.
14. Before January 2001, these data were included in data reported for the United
Kingdom.
15. In February 2003, Yugoslavia changed its name to Serbia and Montenegro. Data for
other entities of the former Yugoslavia recognized as independent states by the United States
are reported under "Other Europe."
16. Includes the Bank for International Settlements and the European Central Bank.
17. Before January 2001, data for "Other Latin America" and "Other Caribbean" were
combined in "Other Latin America and Caribbean."
18. Beginning January 2001, data for the Cayman Islands replaced data for the British
West Indies.
10,850
3,959
97,382
6,946
552,705
27,230
100
94,596
29,568
94,323
5,486
5,388
19. Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab
Emirates (Trucial States).
20. Comprises Algeria, Gabon, Libya, and Nigeria.
21. Before January 2001, these data were included in "All other."
22. Principally the International Bank for Reconstruction and Development. Excludes
"holdings of dollars" of the International Monetary Fund.
23. Principally the Inter-American Development Bank.
24. Asian, African, Middle Eastern, and European regional organizations, except the Bank
for International Settlements, which is included in "Other Europe."
48
Federal Reserve Bulletin Statistical Supplement • June 2006
3.18
BANKS' OWN CLAIMS ON FOREIGNERS
Payable in U.S. dollars
Reported by Banks in the United States1
Millions of dollars, end of period
Area or country
Mar.
1,830,075
2,052,331
1,973,893
1 Total, all foreigners
1,664,223
2 Foreign countries
1,658,247
1,822,825
1,805,865
1,887,914
1,822,825
1,880,388
1,968,061
1,958,840'
2,045,687
806,546
4,429
7,751
735
11,840
90,941
26,196
94
16,906
5,864
22,090
25,517
1,576
1,089
8,452
17,027
114,167
2,542
404,844
26,878
0
17,608
897,436
4,101
11,859
864
9,247
88,560
29,976
95
18,482
8,200
20,864
12,848
830
1,267
8,371
9,452
143,871
3,270
470,205
31,124
0
23,950
868,887
5,344
16,363
801
8,609
85,416
31,742
185
18,120
8,301
18,223
23,857
1,216
824
9,246
10,538
103,555
3,097
472,734
29,524
0
21,192
940,280
4,157
15,139
1,207
9,622
86,963
32,993
177
18,507
8,561
18,243
20,534
925
1,148
8,118
9,112
159,548
3,194
492,905
29,584
0
19,643
897,436
4,101
11,859
864
9,247
88,560
29,976
95
18,482
8,200
20,864
12,848
830
1,267
8,371
9,452
143,871
3,270
470,205
31,124
0
23,950
928,468
5,219
19,304
499
8,416
97,799
27,416
163
17,381
9,083
19,584
16,052
829
1,197
9,790
8,190
95,813
3,380
532,845
30,793
lp
24,714
970,059
4,224
18,446
1,022
9,407
89,029
28,350
299
17,688
9,382
22,663
14,868
677
1,356
12,649
11,965
106,592
3,213
563,062
30,512
0
24,655
992,102'
4,540
15,922
365
9,256
89,641
28,022
236
18,274
9,087
19,916
18,594
607
2,109
12,137
13,460
166,161
3,190'
528,685
30,652
0
21,248
1,050,353
4,551
18,341
1,369
9,691
105,259
26,528
120
17,396
10,124
23,194
19,835
757
2,083
10,105
14,303
194,827
3,203
533,114
31,535
0
24,018
3 Europe
4
Austria
5
Belgium2
6
Denmark
7
Finland
8
France
9
Germany
10
Greece
11
Italy
12 Luxembourg2
13
Netherlands
14
Norway
15 Portugal
16
Russia
17
Spain
18
Sweden
19
Switzerland
20
Turkey
21
United Kingdom
22
Channel Islands and Isle of Man3
23
Yugoslavia4
24
Other Europe and other former U.S.S.R.5
591.018
4,819
6.910
2,814
8.160
63,719
25,811
238
7,310
5,512
21,415
17,666
2,106
1,233
2,295
15,269
78,716
2,149
268,822
43,099
0
12,955
1,812,904
Apr.
25 Canada
52,140
51,088
63,420
57,864
58,292
63,420
53,252
56,858
61,062'
65,467
26 Latin America
27
Argentina
28
Brazil
29
Chile
30
Colombia
31
Ecuador
32
Guatemala
33
Mexico
34 Panama
35 Peru
36
Uruguay
37
Venezuela
38
Other Latin America1"
51,517
3,819
15,825
6,094
2,026
404
781
13,583
1,844
1,370
465
2,911
2,395
49,378
2,220
14,094
6,213
2,645
469
866
13,440
1,939
1,529
403
2,844
2,716
51,031
2,282
15,040
6,639
2,432
581
872
14,599
2,074
1,226
446
2,271
2,569
49,974
2,338
14,583
6,639
2,685
565
752
14,085
1,751
1,279
512
2,311
2,474
52,243
2,222
16,259
6,775
2,652
637
867
14,432
1,855
1,218
435
2,435
2,456
51,031
2,282
15,040
6,639
2,432
581
872
14,599
2,074
1,226
446
2,271
2,569
54,647
2,296
17,937
6,480
2,952
570
965
15,086
1,881
1,159
459
2,296
2,566
53,283
2,406
17,142
6,489
2,838
597
1,014
14,467
1,911
1,159
437
2,247
2,576
52,474
2,244
15,901
6,565
2,902
572
986
14,765
2,173
1,188
455
2,173
2,550
54,395
2,207
16,875
6,814
2,727
542
996
15,871
2,067
1,178
425
2,103
2,590
39 Caribbean
40
Bahamas
41
Bermuda
42
Cayman Islands7
43
Cuba
44
Jamaica
45
Netherlands Antilles
46
Trinidad and Tobago
47
Other Caribbean1"
492,705
73,709
14,889
391,524
0
377
6,629
665
4,912
596,931
80,183
33,294
469,166
0
351
5,554
755
7,628
611,061
105,686
17,846
473,605
0
442
4,443
906
8,133
646,657
85,036
24,396
521,914
0
432
4,846
900
9,133
641,041
94,042
26,627
505,364
0
413
4,410
786
9,399
611,061
105,686
17,846
473,605
0
442
4,443
906
8,133
651,259
124,018
21,201
492,593
0
484
4,484
931
7,548
687,146
132,140
21,903
518,720
0
454
4,619
792
8,518
667,053
115,937
22,246
514,321
0
465
4,517
771
8,796
693,135
124,526
20,092
533,145
0
454
4,464
854
9,600
48 Asia
China
49
Mainland
50
Taiwan
51
Hong Kong
52
India
53
Indonesia
54
Israel
55 Japan
56
Korea (South)
57
Philippines
58 Thailand
59
Middle Eastern oil-exporting countries5
60
Other
119,562
142,656
187,613
171,404
184,685
187,613
181,257
189,146
172,261'
170,009
4,134
9,659
7,190
1,588
838
5,122
62,059
11,395
1,693
989
6,782
8,113
9,267
10,589
5,622
2,117
555
1,326
82,207
15,531
993
1,144
7,022
6,283
14,780
8,626
8,398
2,518
435
4,285
103,458
17,226
1,790
7,796
12,329
5,972
19,409
8,134
8,352
2,698
578
3,183
86,046
17,193
1,211
8,995
8,967
6,638
19,712
7,196
8,072
2,693
518
4,370
101,185
15,956
1,319
8,066
9,412
6,186
14,780
8,626
8,398
2,518
435
4,285
103,458
17,226
1,790
7,796
12,329
5,972
16,262
5,754
7,034
2,524
389
4,172
108,219
16,158
907
6,487
7,808
5,543
17,688
6,003
6,395
3,189
415
4,115
114,179
15,183
956
7,765
8,615
4,643
16,910
6,422
7,499'
2,063
436
3,243
100,941
11,942'
1,202
6,837
9,291'
5,475
15,341
5,389
6,947
2,549
434
5,414
96,266
16,216
954
6,937
8,388
5,174
61 Africa
62
Egypt
63
Morocco
64
South Africa
65
Congo (formerly Zaire)
66
Oil-exporting countries9
67
Other
1,453
236
46
453
0
147
571
1,262
228
53
318
0
223
440'
1,536
422
31
331
0
312
440
1,564
413
20
438
0
332
361
1,483
453
19
193
0
397
421
1,536
422
31
331
0
312
440
1,588
448
45
318
0
338
439
1,314
341
29
194
0
312
438
1,522'
431
41
312
0
289'
449
1,612
470
34
296
0
292
520
68 Other countries
69
Australia
70
New Zealand10
71
Allother
8,897
8,037
819
41
10,386
9,695
609
82
10,728
10,009
541
178
9,515
8,875
531
109
9,890
9,085
580
225
10,728
10,009
541
178
9,917
8,839
801
277
10,255
9,337
609
309
12,366
11,492
541
333
10,716
9,791
589
336
72 Nonmonetary international and regional organizations"
5,071
5,976
7,250
7,039
5,793
7,250
7,464
5,832
7,214
6,644
1. Reporting banks include all types of depository institutions as well as bank/financial
holding companies and brokers and dealers. Effective February 2003, coverage is expanded to
include claims of brokers and dealers on affiliated foreign offices and cross-border brokerage
balances.
2. Before January 2001, combined data reported for Belgium-Luxembourg.
3. Before January 2001, data included in United Kingdom.
4. In February 2003, Yugoslavia changed its name to Serbia and Montenegro. Data for
other entities of the former Yugoslavia recognized as independent states by the United States
are reported under "Other Europe."
5. Includes the Bank for International Settlements and the European Central Bank.
6. Before January 2001, "Other Latin America" and "Other Caribbean" were reported as
combined "Other Latin America and Caribbean."
7. Beginning 2001, Cayman Islands replaced British West Indies in the data series.
8. Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab
Emirates (Trucial States).
9. Comprises Algeria, Gabon, Libya, and Nigeria.
10. Before January 2001, included in "All other."
11. Excludes the Bank for International Settlements, which is included in "Other Europe."
Bank-Reported Data
3.19
BANKS' OWN AND DOMESTIC CUSTOMERS' CLAIMS ON FOREIGNERS
Payable in U.S. dollars
49
Reported by Banks in the United States1
Millions of dollars, end of period
2005
Type of claim
2003
2004
1 Total claims reported by banks
1,596,965
2,026,841
2,279,741'
2 Banks' own claims on foreigners
3
Foreign official institutions2
4
Foreign banks3
5
Other foreigners4
1.322.363
53,328'
979.597'
289,438'
1,664,223
71,892'
1,187,954
404,377'
1,830,075
71,031'
1,382,455
376,589'
274,602
129,787
71,791
63,225
9,799
362,618
152,520
107,533
88,423
14,142
449,666'
176,858
112,391'
140,840'
19,577'
6 Claims on banks' domestic customers5
7
Non-negotiable deposits
8
Negotiable CDs
9
Other short-term negotiable instruments'" . .
2006
2005
Oct.
Nov.
1,812,904
88,427'
1,299,080
425,397'
1,893,707
82,423'
1,396,698
414,586'
Dec.
Jan.
Feb.
1,887,852
73,945'
1,412,621
401,286'
1,973,893
73,237'
1,491,533
409,123'
2,279,741'
1,830,075
71,031'
1,382,455
376,589'
Mar.
Apr.p
2,460,714
449,666'
176,858
112,391'
140,840'
19,577'
1,966,054'
72,614'
1,484,881'
408,559'
2,052,331
74,961
1,565,694
411,676
494,660
205,479
114,941
153,464
20,776
MEMO
11 Non-negotiable deposits7
500,085
376
668,255
3,970
740,077
2,804
734,168
4,723
746,823
4,019
740,077
2,804
805,790'
3,376
833,828'
2,387
820,313'
2,679
853,070
2,210
13 Other short-term negotiable
instruments7
14 Other claims7
15 Own foreign offices5
5,328
816,574
934,166
3,888
988,110
1,097,873
7,255
1 079 939
1,280,539
11,530
1 062 483
1,200,720
11,637
1 131 228
1,286,411
7,255
1 079 939
1,280,539
8,642
1 070 044'
1,314,749
10,520
1 127 158'
1,374,209
9,768
1 133 294'
1,405,248
11,846
1 185 205
1,460,396
16 Loans collateralized by repurchase
agreements9
344,753
479,422
471,095
550,242
533,490
471,095
503,107
539,636
510,998
499,035
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 • June 2006
3.22
LIABILITIES TO FOREIGNERS
the United States
Reported by Nonbanking Business Enterprises in
Millions of dollars, end of period
Type of liability, and area or country
Sept.
1 Total
67,664
83,240
By type
2 Financial liabilities
3
Short-term negotiable securities'
39.561
n.a.
53,150
14,002
4 Other liabilities'
Of which:
5
Borrowings'
6
Repurchase agreements'
7
8
9
10
11
12
13
By currency
U.S. dollars
Foreign currency2
Canadian dollars
Euros
United Kingdom pounds sterling
Japanese yen
All other currencies
14 Financial liabilities to unaffiliated
foreigners
By area or country
15 Europe
16
Belgium-Luxembourg
17
France
18
Germany
19
Netherlands
20
Switzerland
21
United Kingdom
n.a.
n.a.
Sept/
94,443
96,409
61,916
9,576
57,322
5,438
58,948
6,252
8,163
45,852
5,657
34,151
10,732
32,124
7,070
35,338
45,905
33,272
2,399
9,067
18,337
1,564
1,905
42,608
32,431
2,296
11,159
15,532
1,379
2,065
47,915
14,001
1,786
4,604
2,202
1,222
4,187
45,769
11,553
1,860
4,017
2,741
1,401
1,534
44,146
14,802
2,354
4,052
2,725
2,018
3,653
103,204
108,339
79,177
11,759
73,818
11,415
79,177
11,759
75,039
9,027
6,315
49,882
3,558
45,766
6,315
49,882
43,617
30,201
1,981
7,678
17,420
1,642
1,480
18.844
20,717
n.a.
n.a.
n.a.
n.a.
n.a.
25,055
28,095
1,431
10,372
11,425
2,493
2,374
45,905
33,272
2,399
9,067
18,337
1,564
1,905
39,561
43,610
62,847
57,142
62,847
51,809
35,918
29,347
37,259
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
43,134
677
2,290
3,335
340
431
28,166
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
21,011
342
761
2,533
406
122
11,028
6,214
5,955
MEMO:
22
23
9,855
7,049
9,579
7,049
591
1,239
2,433
1,956
2,433
2,283
2,080
2,058
2,276
1,504
23
990
65
365
n.a.
31
4,235
0
711
242
n.a.
3,114
34
16,196
0
8,715
208
n.a.
7,178
26
18
7,297
0
2,382
185
16,196
0
8,715
208
n.a.
7,178
26
18
9,076
0
801
263
n.a.
7,871
30
11
8,012
0
115
240
n.a.
7,569
6,679
0
77
69
7,553
0
991
70
6,489
28
6,446
25
1
2,932
1,832
14
2,547
1,826
36
4,724
1,648
36
4,589
1,664
4,724
1,648
36
4,347
1,365
3,211
1,161
3,640
1,304
35
5,323
1,383
173
131
91
123
92
131
94
119
93
131
94
132
95
107
96
122
96
997
97
Euro area3
Canada
24
25
26
27
28
29
30
31
32
33
34
Latin America and Caribbean
Bahamas
Bermuda
Brazil
British West Indies4
Cayman Islands
Mexico
Venezuela
Asia
Japan
Middle Eastern oil-exporting countriesf
35
36
Africa
Oil-exporting countries'"
37
All other7
4,591
24
22
Nonbank-Reported Data
3.22
51
LIABILITIES TO FOREIGNERS Reported by Nonbanking Business Enterprises in
the United States—Continued
Millions of dollars, end of period
Type of liability, and area or country
Sept.
Sept.
38 Commercial liabilities
39
Trade payables
40
Advance payments and other liabilities
28,103
14,699
13,404
30,090
17,174
12,916
By currency
Payable in U.S. dollars
Payable in foreign currencies2
Canadian dollars
Euros
United Kingdom pounds sterling
Japanese yen
All other currencies
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
26,090
3,296
241
1,030
600
302
1,123
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
34,335
2,786
163
1,041
397
286
899
34,637
2,824
171
1,009
477
309
858
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
8,843
133
1,050
1,021
315
616
3,127
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
41
42
43
44
45
46
47
48
49
50
51
52
53
54
By area or country
Commercial liabilities
Europe
Belgium-Luxembourg
France
Germany
Netherlands
Switzerland
United Kingdom
29,162
18,181
10,981
29,386
18,362
11,024
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
MEMO
55
56
Canada
57
58
59
60
61
62
63
64
65
66
67
Latin America and Caribbean
Bahamas
Bermuda
Brazil
British West Indies4
Cayman Islands
Mexico
Venezuela
Asia
Japan
Middle Eastern oil-exporting countries5 . . .
68
Africa
69
70
Oil-exporting countries6
3,830'
3,730'
5,286'
5,405
1,588
2,166
2,145
1,995
2,145
2,143
2,179
2,836
2,375
3,073
51
538
253
36
n.a.
1,170
177
3,406
14
513
233
4,317
35
635
98
n.a.
29
1,925
477
4,276
32
515
113
n.a.
101
1,942
433
4,894
66
511
97
n.a.
29
2,154
640
5,360
79
774
127
n.a.
76
2,210
522
5,228
74
621
143
5,748
70
713
218
40
1,298
329
4,276
32
515
113
n.a.
101
1,942
433
100
1,921
738
76
2,209
13,382
4,292
3,979
13,311
4,370
3,148
12,239
4,221
2,910
12,707
4,288
3,312
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
827
405
782
372
947
424
956
488
947
424
935
447
1,009
627
851
459
916
493
27,975
21,689
All other7
MEMO
71
4,198
Euro area3
Financial liabilities to foreign affiliates5
9,540
1. Data available beginning March 2003.
2. Foreign currency detail available beginning March 2003.
3. Comprises Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg,
Netherlands, Portugal, and Spain. As of December 2001, also includes Greece.
4. Beginning March 2003, data for the Cayman Islands replaced data for the British West
Indies.
5. Comprises Bahrain, Iran, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (Trucial States).
16,330
6. Comprises Algeria, Gabon, Libya, and Nigeria.
7. Includes nonmonetary international and regional organizations.
8. Data available beginning March 2003. Includes financial liabilities to foreign affiliates
of insurance underwriting subsidiaries of bank/financial holding companies and other financial intermediaries. These data are included in lines 1-6 above.
52
Federal Reserve Bulletin Statistical Supplement • June 2006
3.23
CLAIMS ON FOREIGNERS Reported by Nonbanking Business Enterprises in
the United States
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
By type
Financial claims
Non-negotiable deposits
Negotiable securities
Of which:
Negotiable CDs'
Other claims
Of which:
Loans'
Repurchase agreements'
By currency
U.S. dollars
Foreign currency2
Canadian dollars
Euros
United Kingdom pounds sterlin;
Japanese yen
All other currencies
16 Financial claims on unaffiliated
foreigners
By area or country
17
Europe
18
Belgium-Luxembourg
19
France
20
Germany
21
Netherlands
22
Switzerland
23
United Kingdom
102,566
165,901
71.389
n.a.
n.a.
132,332
35,920
3,211
n.a.
44,064
Sept/
192,336
197,696
181,901
164,981
47,883
9,892
160,552
50,314
7,595
164,981
47,883
9,892
167,204
52,316
11,912
144,501
48,975
8,894
150,775
51,353
11,845
150,387
50,149
13,180
157
93,201
103
107,206
70
102,643
103
107,206
94
102,976
173
86,632
82
87,577
65
87,058
n.a.
n.a.
69,208
3,253
59,683
24,034
64,968
17,685
59,683
24,034
64,386
12,737
57,548
8,069
56,381
8,499
51,034
8,696
65,070
6,319
n.a.
n.a.
n.a.
n.a.
122,879
9,453
912
2,776
3,242
831
1,692
121,909
43,072
1,329
20,651
9,219
7,345
4,528
124,592
35,960
1,278
13,129
9,618
7,829
4,106
121,909
43,072
1,329
20,651
9,219
7,345
4,528
123,380
43,824
7,216
17,593
7,687
6,111
5,217
109,139
35,362
10,031
9,331
7,527
3,826
4,647
112,967
37,808
10,837
10,256
8,695
3,880
4,140
114,796
35,591
9,348
9,308
7,635
3,537
5,763
71,389
67,347
110,517
101,867
110,517
113,673
97,140
105,837
111,394
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
47,040
292
3,620
2,299
3,149
585
26,641
48,714
2,177
1,452
5,386
7,389
978
23,982
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
43,177
1,743
2,752
2,729
3,033
1,152
22,552
MEMO:
24
Euro area3
25
Canada
26
27
28
29
30
31
32
33
Latin America and Caribbean
Bahamas
Bermuda
Brazil
British West Indies4
Cayman Islands
Mexico
Venezuela
34
35
36
Asia
Japan
Middle Eastern oil-exporting countries5
37
38
Africa
Oil-exporting countries'" . .
39
All other7 . . .
14,965
22,053
5,013
15,067
5,311
6,412
5,825
6,412
11,361
11,905
14,290
13,372
29,612
1,038
724
2,286
21,528
n.a.
2,921
104
26,215
1,049
564
1,832
n.a.
20,015
1,629
131
47,149
1,576
4,708
1,823
n.a.
36,160
1,738
155
42,091
1,346
1,063
1,833
n.a.
35,188
1,527
139
47,149
1,576
4,708
1,823
n.a.
36,160
1,738
155
39,893
1,899
2,128
1,839
n.a.
31,162
1,727
164
38,915
3,436
1,316
1,480
n.a.
30,437
1,384
62
41,387
3,802
1,113
1,664
n.a.
31,761
1,950
156
44,622
1,590
1,149
1,950
n.a.
36,355
2,019
159
5,358
1,277
79
5,317
1,194
158
6,840
993
137
5,633
1,050
138
6,840
993
137
7,680
981
133
6,120
784
114
6,546
610
93
7,223
568
242
395
25
419
12
290
16
282
23
345
55
1,291
37
1,993
258
3
16,631
International Statistics
3.23
53
CLAIMS ON FOREIGNERS Reported by Nonbanking Business Enterprises in
the United States—Continued
Millions of dollars, end of period
Type of claim, and area or country
Sept.
50
51
52
53
54
55
56
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
29,187
4,369
31,177
26,385
4,792
33,569
28,618
4,951
26,481
4,696
25,494
8,075
1,557
1,542
1,187
589
27,439
5,276
512
1,561
1,586
238
1,379
27,908
3,876
446
1,026
1,169
191
1,044
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
27,417
3,709
372
1,227
780
206
1,124
29,898
3,658
481
1,335
706
187
949
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
13,000
298
2,582
1,331
396
1,218
3,815
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
Euro area3
7,340
6,890
6,831'
7,766
7,412
6,739'
2,017
2,260
2,017
2,137
2,139
2,001
2,750
6,477
55
650
935
n.a.
160
2,018
319
6,509
41
591
1,049
6,310
29
581
952
75
1,859
365
143
1,838
393
6,524
27
498
1,028
n.a.
294
1,812
390
6,757
41
648
1,022
n.a.
61
2,089
380
40 Commercial claims
41
Trade receivables
42
Advance payments and other claims
43
44
45
46
47
48
49
Sept.
31,784
27,346
4,438
32,715
29,229
3,486
By currency
Payable in U.S. dollars
Payable in foreign currencies2
Canadian dollars
Euros
United Kingdom pounds sterling .
Japanese yen
All other currencies
By area or country
Commercial claims
Europe
Belgium-Luxembourg . .
France
Germany
Netherlands
Switzerland
United Kingdom
MEMO
Canada
2,790
3,070
59
60
61
62
63
64
65
66
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
160
2,018
319
6,141
58
766
905
n.a.
124
1,767
263
67
68
69
Asia
Japan
Middle Eastern oil-exporting countries5 . .
7,324
2,341
818
7,352
1,757
8,943
1,855
1,071
8,601
1,847
961
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
70
71
Africa
Oil-exporting countries'" . . .
584
95
636
138
629
154
783
209
629
154
767
205
873
226
788
234
830
258
54,464
58,685
53,531
47,361
MEMO
73
Financial claims on foreign affiliates5
1. Data available beginning March 2003.
2. Foreign currency detail available beginning March 2003.
3. Comprises Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg,
Netherlands, Portugal, and Spain. As of December 2001, also includes Greece.
4. Beginning March 2003, data for the Cayman Islands replaced data for the British West
Indies.
5. Comprises Bahrain, Iran, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (Trucial States).
6. Comprises Algeria, Gabon, Libya, and Nigeria.
7. Includes nonmonetary international and regional organizations.
8. Data available beginning March 2003. Includes financial claims on foreign affiliates of
insurance underwriting subsidiaries of bank/financial holding companies and other financial
intermediaries. These data are included in lines 1-8 above.
54
Federal Reserve Bulletin Statistical Supplement • June 2006
3.24
FOREIGN TRANSACTIONS IN SECURITIES
Millions of dollars
Transaction, and area or country
Jan.Apr.
Apr.p
U.S. corporate securities
3,862,043
3,833,567
4,468,261
4,389,121
1,697,663
1,634,448
420,202
412,468
381,695
376,796
386,346
376,740
416,557
395,382
396,379
379,920
465,676
446,636
419,051
412,510
28,476
79,140
63,215
7,734
4,899
9,606
21,175
16,459
19,040
6,541
28,616
79,183
63,183
7,722
4,911
9,584
21,168
16,453
19,023
6,539
19,571
-876
-2,360
1,697
-1,194
15,208
-180
1,292
631
6,485
-320
2,832
-41
998
38,856
7,282
-3,335
-2,253
1,306
19,215
358
15,910
14,208
1,659
8,167
101
297
86
46,307
10,589
1,448
-1,520
2,943
24,527
-101
3,911
6,045
5,460
777
613
187
496
2,209
-312
-145
9
173
637
82
1,084
3,101
114
1,122
656
103
4,139
4,592
142
128
920
-2,088
60
1,768
-680
172
-277
15
3
-214
4,125
-1,750
-298
-1,299
72
6,335
7
1,804
1,544
-21
1,545
531
-17
604
13,364
5,277
-630
811
922
4,574
-8
738
3,509
1,025
2,198
1,546
32
302
12,411
1,126
1,466
-835
1,494
8,401
-104
530
3,424
312
-432
-40
70
138
14,964
251
1,319
-472
571
12,456
70
3,179
476
846
-358
-784
-16
-68
5,568
3,935
-707
-1,024
-44
-904
-59
-536
-1,364
3,277
-631
-109
101
124
2,380,796
1,844,895
2,389,946
1,799,884
900,834
668,262
217,833
146,360
201,387
156,544
200,785
154,347
205,867
152,761
231,112
167,664
242,221'
174,868
221,634
172,969
21 Foreign sales
535,901
590,062
232,572
71,473
44,843
46,438
53,106
63,448
67,353'
48,665
22 Net purchases, or sales (-)
533,422
586,940
231,487
71,414
44,701
45,663
52,709
63,144
67,046'
48,588
23 Foreign countries
256,263
7,369
12,124
1,929
6,972
160,243
6,477
12,095
105,994
4,702
151,858
77,905
512
1,998
294,717
13,777
12,412
4,034
1,760
206,939
13,424
14,803
81,856
2,845
186,159
84,819
288
6,272
116,207
2,022
5,764
534
1,524
85,231
1,982
5,630
32,145
3,486
69,413
17,289
-65
4,671
33,068
224
2,171
202
777
18,438
2,242
2,622
9,451
-576
26,195
15,256
25
629
27,883
1,954
1,180
122
712
19,996
1,362
2,053
-3,540
-454
18,578
11,653
-23
204
24,387
1,352
777
23
6
19,385
346
1,004
2,810
145
16,755
5,884
-27
589
20,009
-1,814
2,043
4
184
13,089
1,125
358
10,365
667
21,048
7,071
-91
353
29,287
1,448
1,178
-126
693
21,527
79
1,655
9,764
717
20,885
4,951
-126
962
42,123'
1,513
1,505
323
608'
33,822
370
3,509
6,261
708
12,935'
1,263
90
1,420
24,788
875
1,038
1 Foreign purchases
2 Foreign sales
3 Net purchases, or sales (-) .
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Foreign countries
Europe
France
Germany
Netherlands
Switzerland
United Kingdom
Channel Islands and Isle of Man1
Canada
Latin America and Caribbean . .
Middle East2
Other Asia
Japan
Africa
Other countries
19 Nonmonetary international and
regional organizations
BONDS 3
20 Foreign purchases
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
Europe
France
Germany
Netherlands
Switzerland
United Kingdom
Channel Islands and Isle of Man1
Canada
Latin America and Caribbean
Middle East2
Other Asia
Japan
Africa
Other countries
Nonmonetary international and
regional organizations
39
16,793
408
108
5,755
1,394
14,545
4,004
62
1,936
3,122
Foreign securities
39 Stocks, net purchases, or sales (-)
40
Foreign purchases
41
Foreign sales
42 Bonds, net purchases, or sales (-)
43
Foreign purchases
44
Foreign sales
-84,970
1,664,076
1,749,046
-67,872
1,459,043
1,526,915
-126,795
2,187,333
2,314,128
-31,584
1,453,588
1,485,172
45 Net purchases, or sales (-), of stocks and bonds
-152,842
-158,379
46 Foreign countries
-141,025
-151,039
47
48
49
50
51
52
53
-124,892
-5,492
9,184
-12,814
-20,640
1,591
-8,602
-68,137
-4,822
-18,096
-44,662
-32,825
-1,627
-13,695
Europe
Canada
Latin America and Caribbean
Asia
Japan
Africa
Other countries
54 Nonmonetary international and
regional organizations
-43,946
1,044,045
1,087,991
-12,174
574,466
586,640
-56,120
-56,327
-20,258
-10,297
-1,630
-19,049
-1,951
-2,363
-2,730
-5,993
227,095
233,088
2,482
147,268
144,786
-17,256
229,809
247,065
763
107,623
106,860
-16,736
222,362
239,098
-5,783
116,522
122,305
-10,385
235,273
245,658
-2,695
139,155
141,850
-11,883
262,178
274,061
-214
140,772
140,986
-11,904
283,160
295,064
-7,179'
165,123
172,302'
-9,774
263,434
273,208
-2,086
129,416
131,502
-3,511
-16,493
-22,519
-13,080
-12,097
-19,083'
-11,860
-3,592
-16,196
-22,598
-12,983
-11,880
-19,521'
-11,943
4,019
-682
-5,092
-1,554
-3,953
-41
-242
-1,845
-1,601
-336
-11,182
-8,678
-837
-395
-12,864
-808
122
-6,697
-4,118
50
-2,401
-889
-3,220
-1,375
-6,711
-1,892
-277
-511
-5,620
-1,498
155
-4,510
-164
-270
-137
-11,855'
-2,448
-439
-3,969
-369
-504
-306
-1,894
-3,131
29
-3,859
474
-1,312
-1,776
-7,340
1. Before January 2001, data included in United Kingdom.
2. Comprises oil-exporting countries as follows: Bahrain, Iran, Iraq, Kuwait, Oman, Qatar,
Saudi Arabia, and United Arab Emirates (Trucial States).
3. Includes state and local government securities and securities of U.S. government
agencies and corporations. Also includes issues of new debt securities sold abroad by U.S.
corporations organized to finance direct investments abroad.
Securities Holdings and Transactions
3.25
MARKETABLE U.S. TREASURY BONDS AND NOTES
55
Foreign Transactions1
Millions of dollars; net purchases, or sales (-), during period
Area or country
Jan.Apr.
Apr.'
1 Total estimated
352,079
31,728
29,541'
52,741
4,512
20,812
2 Foreign countries
351,360
353,808
31,488
29,109'
52,670
17,667'
4,090
21,074
3,398
2,926
88,431
118
8,804
-575
-3,153
3,236
5,342
78,661
1,175
-5,177
16,098
173,379
500
14,519
2,046
-6,096
1,832
-5,094
133,728
682
31,262
21,415
7,429
1,082
-2,675
-34
-549
1,796
263
20,467
2
-12,923
7,639
13,079'
-53
1,141'
-163'
340
-177'
-236'
5,219'
212
6,796'
3,240
37,870
405
934
-36
-1,858
469
-1,059
33,960
350
4,705
2,564
10,477
482
1,712
194
-1,075
-869
-379
10,728
-171
-145
-114
11,404
367
-1,613
-246
-130
1,168
-430
9,979
361
1,948
1,835
4,967
119
-612
-55
-715
-349
478
5,466
-25
660
3,428
4,873
162
-1,863
127
434
796
94
16,077
139
-11,093
1,158
-13,815
434
1,413
140
-138
181
121
-11,055
-473
-4,438
1,218
33,544
-15
21,963
11,596
214,788
166,377
677
-2,178
87,532
513
86,180
839
68,085
-5,955
2,222
1,175
-11,890
-1
-13,357
1,468
28,935
-16,058
1,736
-2,361
9,111'
94
9,118'
-101
2,042'
-6,352
804
833
7,508
106
7,322
80
4,270
-932
373
85
-1,465'
142
-2,616'
1,009
8,606
2,260
106
57
-11,264
-119
-11,500
355
3,479
-13,040
102
-1,466
-9,276
52
-8,791
-537
21,335
7,262
901
-281
10,075
95
8,334
1,646
-13,405
-14,185
452
245
-1,425
-29
-1,400
4
17,526
3,905
281
-859
719
2
-26
2,949
2,552
-8
240
163
71
294
280
1
422
388
0
-262
-220
-326
-321
406
316
351,360
201,140
150,220
353,808
59,302
294,506
31,488
23,618
7,870
29,109'
4,881
24,228'
52,670
3,526
49,144
17,667'
5,609
12,058'
4,090
8,081
-3,991
21,074
11,114
9,960
3,398
-6,275
9,673
2,926
10,698
-7,772
9,041
249
2,062
2,027
4,776
1,610
1,241
994
743
438
1,548
23
2,177
253
965
844
1,023
147
611
366
3
4
5
6
7
8
9
10
11
12
13
Europe
Belgium2
Germany
Luxembourg2
Netherlands
Sweden
Switzerland
United Kingdom
Channel Islands and Isle of Man3
Other Europe and former U.S.S.R
Canada
14
15
16
17
18
19
20
21
Latin America and Caribbean
Venezuela
Other Latin America and Caribbean
Netherlands Antilles
Asia
Japan
Africa
Other
22 Nonmonetary international and regional organizations
23
International
24 Latin American Caribbean regional
432
433
10
MEMO
25 Foreign countries
26
Official institutions
27
Other foreign
Oil-exporting countries
28 Middle East4
29 Africas
1. Official and private transactions in marketable U.S. Treasury securities having an
original maturity of more than one year. Data are based on monthly transactions reports.
Excludes nonmarketable U.S. Treasury bonds and notes held by official institutions of foreign
countries.
2. Before January 2001, combined data reported for Belgium and Luxembourg.
3. Before January 2001, these data were included in the data reported for the United
Kingdom.
4. Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab
Emirates (Trucial States).
5. Comprises Algeria, Gabon, Libya, and Nigeria.
56
Federal Reserve Bulletin Statistical Supplement • June 2006
3.28
FOREIGN EXCHANGE RATES AND INDEXES OF THE FOREIGN EXCHANGE VALUE OF THE U.S. DOLLAR1
Currency units per U.S. dollar except as noted
2005
Nov.
2006
Dec.
Jan.
Feb.
Mar.
Apr.
75.05
2.2666
1.1572
8.0654
6.1530
1.2126
7.7537
44.20
115.48
3.7530
10.542
68.72
6.6287
1.6310
6.0760
981.44
102.016
7.6697
1.2773
32.035
39.519
176.86
2,144.64
74.18
2.1587
1.1489
8.0512
6.2514
1.1940
7.7593
44.23
117.86
3.7276
10.484
67.35
6.7526
1.6286
6.1153
969.84
102.194
7.8226
1.3052
32.319
39.343
174.80
2,144.62
72.66
2.1528
1.1573
8.0350
6.2025
1.2028
7.7591
44.34
117.28
3.7040
10.749
63.42
6.6317
1.6211
6.2436
974.71
102.648
7.8109
1.3050
32.459
38.947
174.42
2,144.60
73.69
2.1281
1.1441
8.0143
6.0798
1.2273
7.7561
44.82
117.07
3.6626
11.049
62.20
6.3922
1.6008
6.0811
952.60
102.635
7.6005
1.2830
32.288
37.952
176.80
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
65.24
3.0750
1.4008
8.2772
6.5774
1.1321
7.7875
46.59
115.94
3.8000
10.793
58.22
7.0803
1.7429
7.5550
1,192.08
96.541
8.0787
1.3450
34.405
41.556
163.47
1,613.43
73.65
2.9262
1.3017
8.2768
5.9891
1.2438
7.7891
45.26
108.15
3.8000
11.290
66.43
6.7399
1.6902
6.4402
1,145.24
101.268
7.3480
1.2428
33.372
40.271
183.30
1,886.13
76.27
2.4352
1.2115
8.1936
5.9953
1.2449
7.7775
44.00
3.7869
10.894
70.49
6.4412
1.6639
6.3606
1,023.75
100.383
7.4710
1.2459
32.131
40.252
182.04
2,107.13
73.53
2.2109
1.1815
8.0840
6.3277
1.1789
7.7538
45.63
118.45
3.7782
10.672
68.97
6.6399
1.6981
6.6554
1,040.76
101.800
8.1157
1.3110
33.580
41.097
173.49
2,144.66
74.23
2.2809
1.1615
8.0755
6.2844
1.1861
7.7531
45.56
118.46
3.7780
10.627
69.47
6.7242
1.6738
6.3480
1,022.38
101.977
7.9518
1.3053
33.286
41.076
174.58
2,144.62
Indexes4
NOMINAL
24 Broad (January 1997=100)5
25 Major currencies (March 1973=100)''
26 Other important trading partners (January
1997=100)7
119.09
93.00
113.59
85.37
110.81
83.78
112.51
86.58
111.79
85.83
110.18
84.44
110.46
85.22
110.63
85.17
109.83
84.05
143.54
143.39
138.90
138.26
137.72
136.02
135.35
135.88
135.80
104.47'
97.56
99.83'
90.60'
98.29'
90.50
99.99'
94.07'
98.89'
92.77'
97.98'
91.95'
98.07'
92.94'
98.61'
93.00'
98.43
92.06
123.23'
121.86'
118.07'
117.20'
116.27'
115.16'
114.00'
115.26'
116.13
REAL
27 Broad (March 1973=100)s
28 Major currencies (March 1973=100)s
29 Other important trading partners (March
1973=100)7
1. Averages of certified noon buying rates in New York for cable transfers. Data in this
table also appear in the Board's G.5 (405) monthly statistical release, available at
www.federalreserve.gov/releases.
2. U.S. cents per currency unit.
3. The euro is reported in place of the individual euro area currencies. By convention, the
rate is reported in U.S. dollars per euro. The bilateral currency rates can be derived from the
euro rate by using the fixed conversion rates (in currencies per euro) as shown below:
Euro equals
13.7603
40.3399
5.94573
6.55957
1.95583
.787564
Austrian schillings
Belgian francs
Finnish markkas
French francs
German marks
Irish pounds
1,936.27 Italian lire
40.3399 Luxembourg francs
2.20371 Netherlands guilders
200.482 Portuguese escudos
166.386 Spanish pesetas
4. Starting with the January 2004 Statistical Supplement to the Federal Reserve Bulletin,
revised index values resulting from the periodic revision of data that underlie the calculated
trade weights are reported. For more information on the indexes of the foreign exchange value
of the dollar, see Federal Reserve Bulletin, vol. 84 (October 1998), pp. 811-818.
5. Weighted average of the foreign exchange value of the U.S. dollar against the currencies
of a broad group of U.S. trading partners. The weight for each currency is computed as an
average of U.S. bilateral import shares from and export shares to the issuing country and of a
measure of the importance to U.S. exporters of that country's trade in third country markets.
The source for exchange rates not listed in the table above but used in the calculation of this
index is Reuters Limited.
6. Weighted average of the foreign exchange value of the U.S. dollar against a subset of
broad index currencies that circulate widely outside the country of issue. The weight for each
currency is its broad index weight scaled so that the weights of the subset of currencies in the
index sum to one.
7. Weighted average of the foreign exchange value of the U.S. dollar against a subset of
broad index currencies that do not circulate widely outside the country of issue. The weight
for each currency is its broad index weight scaled so that the weights of the subset of
currencies in the index sum to one. The source for exchange rates not listed in the table above
but used in the calculation of this index is Reuters Limited.
57
Guide to Special Tables
SPECIAL TABLES—Data Published Irregularly, with Latest Bulletin or Supplement Reference
Title, Table Number, and Reporting Date for Data
Issue
Page
Reference
Assets and liabilities of commercial banks, 4.20
March 31,2005
June 30, 2005
September 30, 2005
December 31,2005
March 31,2006
June
September
December
March
June
2005
2005
2005
2006
2006
58
58
58
58
58
Supplement
Supplement
Supplement
Supplement
Supplement
Terms of lending at commercial banks, 4.23
May 2005
August 2005
November 2005
February 2006
August
November
February
May
2005
2005
2006
2006
58
58
58
58
Supplement
Supplement
Supplement
Supplement
Assets and liabilities of U.S. branches and agencies offoreign banks, 4.30
March 31,2005
June 30, 2005
September 30,2005
December 31,2005
August
November
February
May
2005
2005
2006
2006
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
2002
2003
2004
2005
A70
A70
70
60
Bulletin
Bulletin
Supplement
Supplement
September
September
September
September
2002
2003
2004
2005
A73
A73
73
63
Bulletin
Bulletin
Supplement
Supplement
Pro forma financial statements for Federal Reserve priced services, 4.31*
March 31,2001
June 30, 2001
September 30, 2001
Residential lending reported under the Home Mortgage Disclosure Act,
1989-2001
1990-2002
1991-2003
Disposition of applications for private mortgage insurance,
1998-2001
1999-2002
2000-2003
Small loans to businesses and farms,
1996-2001
1996-2002
1997-2003
1998-2004
4.34-4.411
4.42-4.45
4.46-4.48
Community development lending reported under the Community Reinvestment Act, 4.49
2001
2002
2003
2004
*The pro forma financial statements for Federal Reserve priced services are no longer published in the Bulletin after the January 2002 issue.
The statements are in the Board's yearly Annual Report to the Congress (www.federalreserve.gov/boarddocs/rptcongress).
58
Federal Reserve Bulletin Statistical Supplement • June 2006
4.20
DOMESTIC AND FOREIGN OFFICES Insured Commercial Bank Assets and Liabilities
Consolidated Report of Condition, March 31, 2006
Millions of dollars except as noted
Banks with foreign offices'
Total assets
9,180,950
261,668
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2 Cash and balances due from depository institutions
3
Cash items in process of collection, unposted debits, and currency and coin
4
Cash items in process of collection and unposted debits
5
Currency and coin
6
Balances due from depository institutions in the United States
7
Balances due from banks in foreign countries and foreign central banks
8
Balances due from Federal Reserve Banks
Total securities, held-to-maturity (amortized cost) and available-for-sale (fair value)
U.S. Treasury securities
U.S. government agency and corporation obligations (excludes mortgage-backed
securities)
Issued by U.S. government agencies
Issued by U.S. government-sponsored agencies
Securities issued by states and political subdivisions in the United States
Mortgage-backed securities (MBS)
Pass-through securities
Guaranteed by GNMA
Issued by FNMA and FHLMC
Other pass-through securities
Other mortgage-backed securities (includes CMOs, REMICs, and stripped MBS)
Issued or guaranteed by FNMA, FHLMC or GNMA
Collateralized by MBS issued or guaranteed by FNMA, FHLMC, or GNMA
All other mortgage-backed securities
Asset-backed securities
Credit card receivables
Home equity lines
Automobile loans
Other consumer loans
Commercial and industrial loans
Other
Other debt securities
Other domestic debt securities
33
Foreign debt securities
34
Investments in mutual funds and other equity securities with readily determinate
fair value
6,486,714
5,379,221
280,399
131,760
n.a.
n.a.
29,041
107,119
12,480
174,997
128,471
103,725
24,746
25,002
9,094
12,430
Banks with
domestic
offices only2
86,671
n.a.
1,586,368
49,174
n.a.
n.a.
1,065,036
35,120
521,332
14,054
255,153
10,566
244,587
124,086
924,874
624,014
27,867
575,897
20,250
300,861
147,560
8,252
145,049
77,167
11,759
30,928
9,496
6,442
2,894
15,052
143,445
41,035
102,410
n.a.
n.a.
n.a.
82,254
6,969
75,285
49,814
698,638
508,835
16,072
474,724
18,039
189,803
83,741
5,914
100,148
70,336
10,296
30,184
8,609
6,390
2,538
12,320
120,973
25,392
95,580
172,898
3,597
169,302
74,272
226,237
115,179
11,795
101,172
2,211
111,058
63,819
2,338
44,901
6,831
1,463
745
887
52
356
2,732
22,472
15,642
6,830
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.
4,567
7,901
12,468
487,046
151,425
335,621
318,775
151,425
167,350
395,198
85,472
309,725
226,927
85,472
141,455
91,848
65,953
25,895
38 Total loans and leases (gross) and lease-financing receivables (net)
39
LESS: Unearned income on loans
40
LESS: Loans and leases held for sale
41 Total loans and leases (net of unearned income)
42
LESS: Allowance for loan and lease losses
43 Loans and leases, net of unearned income and allowance
5,413,954
3,137
202,238
5,208,579
66,792
5,141,787
5,053,865
1,941
3,582,748
1,933
165,134
3,415,681
41,292
3,374,389
3,222,658
737
n.a.
n.a.
n.a.
n.a.
1,831,207
1,204
37,104
1,792,899
25,501
1,767,398
Total loans and leases, gross, by category
44 Loans secured by real estate
45
Construction and land development
46
Farmland
47
One- to four-family residential properties
48
Revolving, open-end loans, extended under lines of credit
3,019,334
n.a.
n.a.
n.a.
n.a.
2,967,464
417,186
48,435
1,665,077
426,978
1,735,289
187,262
7,979
1,181,652
330,630
1,232,175
229,924
40,457
483,425
96,349
n.a.
n.a.
n.a.
n.a.
165,448
n.a.
n.a.
n.a.
48,853
1,060,445
n.a.
n.a.
1,109,461
128,638
99,796
736,969
146,509
161,398
71,207
62,849
27,342
12,575
768,494
618,638
149,856
761,629
89,394
48,485
309,911
142,460
70,580
62,845
9,034
11,481
620,998
606,544
14,454
347,832
39,244
51,311
427,058
4,050
788,873
291,299
39,704
457,870
704,370
259,584
28,356
416,430
564,585
187,808
35,971
340,806
480,083
156,093
24,623
299,366
224,287
103,491
3,732
117,064
31,930
165,128
3,506
161,621
n.a.
n.a.
133,944
31,922
121,712
523
121,188
21,566
146,333
3,490
142,843
10,364
18,795
16
18,778
120,638
21,558
102,917
507
102,410
17,800
84,610
107,873
527,590
51,516
2,374
10,834
n.a.
283,445
208,275
75,170
330,800
n.a.
n.a.
n.a.
n.a.
40,322
n.a.
n.a.
n.a.
n.a.
16,945
40,067
2,370
615
n.a.
47,993
36,952
11,041
81,892
35 Federal funds sold and securities purchased under agreements to resell
36
Federal funds sold in domestic offices
37
Securities purchased under agreements to resell
66
67
68
69
70
71
Closed-end loans secured by one- to four-family residential properties
Secured by first liens
Secured by junior liens
Multifamily (five or more) residential properties
Nonfarm nonresidential properties
Loans to depository institutions and acceptances of other banks
Commercial banks in the United States
Other depository institutions in the United States
Banks in foreign countries
Loans to finance agricultural production and other loans to farmers
Commercial and industrial loans
U.S. addressees (domicile)
Non-U.S. addressees (domicile)
Loans to individuals for household, family, and other personal expenditures (includes
purchased paper)
Credit cards
Other revolving credit plans
Other consumer loans (including single-payment, installment, and all student loans)
Obligations (other than securities) of states and political subdivisions in the United States
(includes nonrated industrial development obligations)
All other loans
Loans to foreign governments and official institutions
Other loans
Loans for purchasing and carrying securities
All other loans (excludes consumer loans)
Lease-financing receivables
72
73
74
75
76
77
78
79
80
Trading assets
Premises and fixed assets (including capitalized leases)
Other real estate owned
Investments in unconsolidated subsidiaries and associated companies
Net due from own foreign offices, Edge Act and agreement subsidiaries, and IBFs
Intangible assets
Goodwill
Other intangible assets
All other assets
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
544,534
91,583
4,745
11,449
n.a.
331,438
245,227
86,211
412,691
47,759
912,949
36,278
291,951
13,306
Special Tables
4.20
59
DOMESTIC AND FOREIGN OFFICES Insured Commercial Bank Assets and Liabilities—Continued
Consolidated Report of Condition, March 31, 2006
Millions of dollars except as noted
Domestic
total
Banks with foreign offices'
6,486,714
Banks with
domestic
offices only2
2,694,236
81 Total liabilities, minority interest, and equity capital
9,180,950
82 Total liabilities
8,233,659
7,127,444
5,826,637
4,720,421
2,407,022
83 Total deposits
84
Individuals, partnerships, and corporations (include all certified and official checks) . . . .
85
U.S. government
86
States and political subdivisions in the United States
87
Commercial banks and other depository institutions in the United States
88
Banks in foreign countries
89 Foreign governments and official institutions (including
foreign central banks)
6,157,172
5,590,687
5,169,992
4,824,021
3,032
259,647
60,247
20,725
4,147,918
3,739,616
n.a.
n.a.
77,876
137,578
3,160,739
2,972,950
2,214
125,488
37,284
20,504
2,009,254
1,851,070
818
134,159
22,963
221
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
Total transaction accounts
Individuals, partnerships, and corporations (include all certified and official checks) . .
U.S. government
States and political subdivisions in the United States
Commercial banks and other depository institutions in the United States
Banks in foreign countries
Foreign governments and official institutions (including foreign central banks) . . . .
100,840
137,799
64,764
64,742
n.a.
n.a.
n.a.
2,299
22
374,717
309,118
1,138
34,057
22,374
7,031
999
343,299
300,618
356
36,610
5,629
76
10
n.a.
n.a.
n.a.
n.a.
n.a.
517,727
301,315
216,412
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,451,976
4,214,285
1,537
188,980
32,244
13,618
1,312
2,786,021
2,663,832
1,076
91,431
14,910
13,473
1,300
1,665,955
1,550,452
462
97,550
17,334
145
13
567,476
143,949
423,527
272,380
483,199
143,949
339,250
n.a.
104,943
43,861
61,081
894
400,618
n.a.
306,085
n.a.
n.a.
248,297
8,294
n.a.
35.341
1,427
Total demand deposits
Total n on transaction accounts
Individuals, partnerships, and corporations (include all certified and official checks) . .
U.S. government
States and political subdivisions in the United States
Commercial banks and other depository institutions in the United States
Banks in foreign countries
Foreign governments and official institutions (including foreign central banks)
2,321
718,016
609,736
1,495
70,667
28,003
7,107
1,009
105 Federal funds purchased and securities sold under agreements to repurchase
106
Federal funds purchased in domestic offices
107
Securities sold under agreements to repurchase
108 Trading liabilities
109 Other borrowed money (includes mortgage indebtedness and obligations under capitalized
leases)
110 Subordinated notes and debentures to deposits
111 Net due to own foreign offices, Edge Act and agreement subsidiaries, and IBFs
112 All other liabilities
113 Minority interest in consolidated subsidiaries
672,419
187,810
484,608
273,274
730,970
125,965
n.a.
273,859
13,992
482,673
117,672
n.a.
238.518
12,565
114 Total equity capital
933,298
647,512
588,141
187,810
400,331
n.a.
285,787
MEMO
115 Trading assets at large banks2
116
U.S. Treasury securities (domestic offices)
117
U.S. government agency obligations (excluding MBS)
118
Securities issued by states and political subdivisions in the United States
119
Mortgage-backed securities
120
Other debt securities
121
Other trading assets
122
Trading assets in foreign offices
123
Revaluation gains on interest rate, foreign exchange rate, and other
commodity and equity contracts
124 Total individual retirement (IRA) and Keogh plan accounts
125 Total brokered deposits
126
Fully insured brokered deposits
127
Issued in denominations of less than $100,000
128
Issued in denominations of $100,000, or in denominations greater than $100,000 and
participated out by the broker in shares of $100,000 or less
129 Money market deposit accounts (MMDAs)
130 Other savings deposits (excluding MMDAs)
131 Total time deposits of less than $100,000
132 Total time deposits of $100,000 or more
544.275
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
233,192
249.095
20,018
6.832
5,093
11,127
48,660
65,340
0
527,587
232,407
19,786
5,954
4,914
8,426
36,777
64,667
0
16,688
232
878
179
2,701
11,883
673
0
154.013
n.a.
n.a.
n.a.
n.a.
92,025
178,025
371,313
213,496
87,696
153,870
91,881
82,787
205,774
94,218
55,511
144
95,238
165,540
119,278
32,185
38,707
1,440,132
470,425
352,214
523,250
87,093
593,726
263,759
424,889
383,581
n.a.
n.a.
n.a.
n.a.
n.a.
125,801
2,033,858
734,184
777,103
906.831
133 Number of banks
NOTE. The notation "n.a." indicates the lesser detail available from banks that do not have
foreign offices, the inapplicability of certain items to banks that have only domestic offices, or
the absence of detail on a fully consolidated basis for banks that have foreign offices.
1. All transactions between domestic and foreign offices of a bank are reported in "net due
from" and "net due to" lines. All other lines represent transactions with parties other than the
domestic and foreign offices of each bank. Because these intra-office transactions are nullified
by consolidation, total assets and total liabilities for the entire bank may not equal the sum of
assets and liabilities, respectively, of the domestic and foreign offices.
Foreign offices include branches in foreign countries, Puerto Rico, and U.S.-affiliated
insular areas; subsidiaries in foreign countries; all offices of Edge Act and agreement
corporations wherever located; and international banking facility (IBF).
2. Components of "Trading Assets at Large Banks" are reported only by banks that
reported trading assets of $2 million or more any quarter of the preceding calendar year.
60
Index to Statistical Tables
ACCEPTANCES, bankers (See Bankers acceptances)
Assets and liabilities (See also Foreigners)
Commercial banks, 15-21, 58-59
Domestic finance companies, 30, 31
Federal Reserve Banks, 10
Foreign-related institutions, 20
Automobiles
Consumer credit, 34
Production, 42, 43
BANKERS acceptances, 5, 10
Bankers balances, 15-21 (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, 58-59
Federal Reserve Banks, 10
Certificates of deposit, 23
Commercial and industrial loans
Commercial banks, 15-21, 58-59
Weekly reporting banks, 17, 18
Commercial banks
Assets and liabilities, 15-21, 58-59
Commercial and industrial loans, 15-21, 58-59
Consumer loans held, by type and terms, 34
Real estate mortgages held, by holder and property, 33
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, 58-59
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)
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 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
Consumer credit, 34
Federal Reserve Banks, 7
Money and capital markets, 23
Mortgages, 32
Prime rate, 22
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
Federal Reserve Banks, 10, 11
Financial institutions, 33
LIFE insurance companies (See Insurance companies)
Loans (See also specific types)
Commercial banks, 15-21, 58-59
Federal Reserve Banks, 5-7, 10, 11
Financial institutions, 33
Insured or guaranteed by United States, 32, 33
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
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
Production, 42, 43
REAL estate loans
Banks, 15-21, 33
Terms, yields, and activity, 32
Type and holder and property mortgaged, 33
Reserve requirements, 8
Reserves
Commercial banks, 15-21
Depository institutions, 4—6
Federal Reserve Banks, 10
U.S. reserve assets, 45
Residential mortgage loans, 32, 33
Retail credit and retail sales, 34
SAVING
Flow of funds, 33, 34, 35-39
Savings 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, 58-59
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)
61
@FedFRASER