Beginning 2009:Q4, level is estimate of asset-backed bonds issued by commercial banks through special-purpose vehicles brought back on balance sheet (included in other borrowed money) due to accounting rule change FAS 166/167. 2009:Q4 and 2010:Q1 level estimates were based on data edits of the weekly reporters FR 2644 . Beginning 2010:Q2, level estimated using the proportion of asset-backed bonds to asset-backed commercial paper brought back on book in 2010:Q1 ( FOF series FL763169103), held constant. Transactions are calculated as the change in level. Data for the most recent ten years show no significant seasonality.
Last edited on: 02/07/2019