h8.ascii Notice to Users of the H.8 Release Data on the attached H.8 release have been benchmarked to the September 1998 Call Report. Data on the previous release were bench- marked to the June 1998 Call Report. H.8 (510) ASSETS AND LIABILITIES OF COMMERCIAL BANKS IN THE UNITED STATES (1) For use at 4:15 p.m. Eastern Time Seasonally adjusted, billions of dollars January 22, 1999 Account 1997 1998 1998 1998 1998 1998 1998 1998 Week ending Dec Jun Jul Aug Sep Oct Nov Dec Dec 23 Dec 30 Jan 6 Jan 13 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 4,095.0 4,263.7 4,280.5 4,341.6 4,398.9 4,488.8 4,529.7 4,552.1 4,549.0 4,538.6 4,523.0 4,532.5 2 Securities in bank credit 1,081.9 1,121.6 1,130.4 1,156.5 1,177.1 1,217.8 1,226.6 1,235.8 1,239.3 1,232.0 1,216.0 1,221.1 3 U.S. government securities 747.3 756.9 760.7 771.2 767.4 774.3 790.7 792.9 794.3 800.9 793.7 795.4 4 Other securities 334.6 364.7 369.8 385.3 409.7 443.5 435.9 443.0 445.0 431.1 422.4 425.7 5 Loans and leases in bank credit (2) 3,013.1 3,142.1 3,150.1 3,185.2 3,221.9 3,271.0 3,303.0 3,316.3 3,309.6 3,306.7 3,306.9 3,311.3 6 Commercial and industrial 853.9 887.0 897.7 906.1 918.3 938.8 947.0 945.0 942.9 938.1 939.8 942.1 7 Real estate 1,230.7 1,274.4 1,271.6 1,280.9 1,283.2 1,287.6 1,309.7 1,323.9 1,319.3 1,325.4 1,325.7 1,331.1 8 Revolving home equity 97.7 97.8 97.5 97.6 97.9 97.0 97.4 97.4 97.3 97.1 96.6 96.6 9 Other 1,133.0 1,176.7 1,174.1 1,183.3 1,185.3 1,190.6 1,212.3 1,226.5 1,222.0 1,228.3 1,229.1 1,234.5 10 Consumer 506.5 503.2 496.3 495.0 497.9 497.5 500.0 503.7 504.4 506.0 500.6 503.3 11 Security (3) 97.6 130.2 131.9 137.7 142.9 158.9 152.5 151.4 156.1 148.4 153.4 150.3 12 Other loans and leases 324.4 347.3 352.5 365.3 379.6 388.2 393.9 392.3 386.9 388.7 387.4 384.5 13 Interbank loans 209.7 217.8 213.2 206.1 219.8 220.2 219.8 214.9 221.1 219.0 209.5 213.9 14 Cash assets (4) 262.9 250.4 243.5 251.6 253.3 243.1 249.7 249.5 259.4 237.2 258.8 259.5 15 Other assets (5) 296.0 312.5 312.7 318.1 323.3 323.1 327.0 329.0 331.3 329.0 329.7 325.2 16 TOTAL ASSETS (6) 4,806.9 4,986.8 4,992.2 5,060.2 5,137.9 5,217.3 5,268.1 5,287.3 5,302.5 5,265.4 5,263.1 5,273.0 L I A B I L I T I E S 17 Deposits 3,112.1 3,222.4 3,191.2 3,221.7 3,244.2 3,268.7 3,312.2 3,321.0 3,340.4 3,303.8 3,342.1 3,337.3 18 Transaction 688.1 682.7 664.7 665.3 675.0 666.1 666.0 665.2 692.2 673.6 648.5 655.5 19 Nontransaction 2,424.1 2,539.7 2,526.5 2,556.4 2,569.3 2,602.6 2,646.2 2,655.8 2,648.2 2,630.2 2,693.6 2,681.8 20 Large time 636.7 685.7 668.1 680.3 685.9 697.6 709.2 702.1 697.8 695.1 709.9 710.7 21 Other 1,787.3 1,854.0 1,858.3 1,876.0 1,883.3 1,905.0 1,936.9 1,953.7 1,950.3 1,935.0 1,983.7 1,971.1 22 Borrowings 819.2 858.4 857.7 859.9 888.8 936.4 974.8 984.7 976.9 985.0 962.4 970.7 23 From banks in the U.S. 305.0 289.4 295.3 298.1 308.4 319.7 328.5 326.6 319.9 324.9 323.3 329.2 24 From others 514.2 569.0 562.5 561.8 580.4 616.7 646.3 658.1 657.0 660.1 639.1 641.5 25 Net due to related foreign offices 194.9 170.7 187.6 203.8 202.7 226.1 218.4 217.2 213.3 216.3 213.5 212.5 26 Other liabilities 280.9 308.7 322.1 334.9 344.2 359.3 341.0 342.9 342.7 346.7 342.6 348.5 27 TOTAL LIABILITIES 4,407.1 4,560.2 4,558.6 4,620.3 4,679.9 4,790.5 4,846.5 4,865.7 4,873.3 4,851.8 4,860.5 4,869.0 28 Residual (assets less liabilities) (7) 399.7 426.5 433.7 439.9 457.9 426.8 421.6 421.5 429.2 413.6 402.5 404.0 ------------------------------------------------- Footnotes appear on page 13. H.8 (510) Page 2 ASSETS AND LIABILITIES OF COMMERCIAL BANKS IN THE UNITED STATES (1) Not seasonally adjusted, billions of dollars January 22, 1999 Account 1997 1998 1998 1998 1998 1998 1998 1998 Week ending Dec Jun Jul Aug Sep Oct Nov Dec Dec 23 Dec 30 Jan 6 Jan 13 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 4,104.9 4,265.0 4,274.4 4,328.1 4,385.8 4,492.3 4,538.0 4,562.9 4,555.7 4,565.9 4,547.3 4,545.4 2 Securities in bank credit 1,077.1 1,124.5 1,124.8 1,147.9 1,164.9 1,214.1 1,226.2 1,231.0 1,227.9 1,230.3 1,220.8 1,222.4 3 U.S. government securities 745.2 759.4 756.8 766.3 762.3 771.7 791.9 791.4 790.2 794.4 791.6 793.5 4 Other securities 331.8 365.2 368.0 381.6 402.6 442.4 434.3 439.5 437.7 435.9 429.1 429.0 5 Loans and leases in bank credit (2) 3,027.8 3,140.5 3,149.7 3,180.2 3,220.9 3,278.2 3,311.8 3,331.9 3,327.8 3,335.6 3,326.5 3,322.9 6 Commercial and industrial 852.1 889.7 897.3 900.1 912.9 936.7 945.5 942.9 943.0 942.6 940.6 938.1 7 Real estate 1,234.1 1,272.0 1,273.7 1,284.5 1,288.1 1,294.3 1,316.3 1,327.5 1,320.8 1,327.5 1,327.8 1,334.1 8 Revolving home equity 98.0 97.5 97.6 97.8 98.6 97.8 98.1 97.7 97.4 97.5 97.1 97.0 9 Other 1,136.1 1,174.5 1,176.1 1,186.7 1,189.5 1,196.5 1,218.2 1,229.8 1,223.4 1,230.0 1,230.7 1,237.1 10 Consumer 512.8 500.3 494.4 496.7 500.7 499.3 502.5 510.0 512.2 515.4 510.9 511.7 11 Security (3) 100.3 130.1 129.7 133.2 139.5 159.3 153.8 154.3 159.4 149.8 152.3 151.9 12 Other loans and leases 328.4 348.3 354.6 365.7 379.8 388.5 393.6 397.2 392.4 400.5 395.0 387.1 13 Interbank loans 219.1 214.4 206.8 199.0 214.2 216.2 226.3 224.8 225.7 227.7 222.6 224.3 14 Cash assets (4) 282.1 245.3 239.1 239.3 251.2 246.9 259.0 267.7 269.9 283.3 275.1 271.0 15 Other assets (5) 296.3 311.0 314.0 320.0 324.5 322.3 328.1 329.0 328.5 330.8 329.4 322.6 16 TOTAL ASSETS (6) 4,845.6 4,978.2 4,976.6 5,028.9 5,117.9 5,219.8 5,293.2 5,326.2 5,321.5 5,349.6 5,316.8 5,305.5 L I A B I L I T I E S 17 Deposits 3,144.6 3,214.5 3,183.7 3,211.5 3,248.4 3,272.4 3,330.7 3,353.0 3,352.6 3,366.3 3,384.1 3,359.2 18 Transaction 722.4 677.8 659.8 651.9 670.3 662.1 676.7 698.9 713.9 746.6 687.9 676.2 19 Nontransaction 2,422.2 2,536.7 2,523.8 2,559.6 2,578.1 2,610.3 2,654.0 2,654.0 2,638.7 2,619.7 2,696.1 2,683.0 20 Large time 641.3 683.4 664.8 679.4 687.6 701.5 715.4 707.2 703.0 698.1 708.8 709.3 21 Other 1,780.9 1,853.3 1,859.0 1,880.2 1,890.5 1,908.8 1,938.6 1,946.8 1,935.7 1,921.6 1,987.3 1,973.7 22 Borrowings 817.2 868.1 862.1 852.6 891.9 932.3 970.7 979.8 981.0 983.0 953.1 967.4 23 From banks in the U.S. 308.8 292.3 295.4 294.1 307.2 315.7 328.8 330.7 327.6 328.8 321.9 330.4 24 From others 508.4 575.8 566.6 558.5 584.7 616.7 641.9 649.1 653.4 654.2 631.2 637.0 25 Net due to related foreign offices 193.7 176.6 189.1 203.6 202.3 223.7 216.5 218.2 215.7 224.8 213.3 213.3 26 Other liabilities 281.9 308.0 321.4 334.9 343.9 359.0 342.4 343.9 343.3 347.7 342.2 348.2 27 TOTAL LIABILITIES 4,437.3 4,567.2 4,556.3 4,602.6 4,686.6 4,787.4 4,860.2 4,894.9 4,892.6 4,921.8 4,892.7 4,888.1 28 Residual (assets less liabilities) (7) 408.3 411.0 420.3 426.3 431.3 432.4 433.0 431.3 428.9 427.8 424.1 417.4 MEMO 29 Reval. gains on off-bal. sheet items (8) 82.5 92.7 92.9 96.1 110.4 130.7 110.5 117.2 114.4 112.5 111.4 110.9 30 Reval. losses on off-bal. sheet items (8) 85.9 90.6 90.6 96.4 110.6 128.0 109.3 114.9 113.3 112.0 107.5 107.6 ------------------------------------------------- Footnotes appear on page 13. H.8 (510) Page 3 ASSETS AND LIABILITIES OF DOMESTICALLY CHARTERED COMMERCIAL BANKS IN THE UNITED STATES (1) Seasonally adjusted, billions of dollars January 22, 1999 Account 1997 1998 1998 1998 1998 1998 1998 1998 Week ending Dec Jun Jul Aug Sep Oct Nov Dec Dec 23 Dec 30 Jan 6 Jan 13 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 3,551.6 3,695.5 3,708.4 3,753.2 3,794.4 3,864.1 3,909.6 3,950.9 3,957.0 3,951.9 3,932.3 3,936.0 2 Securities in bank credit 895.8 921.4 929.3 944.1 961.6 995.9 1,002.8 1,019.1 1,024.9 1,017.5 998.9 1,001.6 3 U.S. government securities 670.7 668.4 669.6 677.1 685.2 694.1 710.2 711.8 712.9 718.0 710.9 712.0 4 Other securities 225.0 253.0 259.6 266.9 276.5 301.8 292.5 307.2 312.1 299.5 288.0 289.6 5 Loans and leases in bank credit (2) 2,655.9 2,774.1 2,779.1 2,809.2 2,832.7 2,868.2 2,906.8 2,931.9 2,932.0 2,934.4 2,933.4 2,934.3 6 Commercial and industrial 633.5 675.2 683.6 692.0 700.3 715.0 723.1 726.9 728.5 728.2 729.2 729.3 7 Real estate 1,204.8 1,250.3 1,247.6 1,257.1 1,259.6 1,264.4 1,287.6 1,303.2 1,298.9 1,305.1 1,305.1 1,310.1 8 Revolving home equity 97.7 97.8 97.5 97.6 97.9 97.0 97.4 97.4 97.3 97.1 96.6 96.6 9 Other 1,107.1 1,152.5 1,150.1 1,159.5 1,161.7 1,167.4 1,190.2 1,205.8 1,201.6 1,208.0 1,208.5 1,213.6 10 Consumer 506.5 503.2 496.3 495.0 497.9 497.5 500.0 503.7 504.4 506.0 500.6 503.3 11 Security (3) 52.9 67.6 69.9 73.5 75.2 89.2 87.5 85.4 88.7 82.6 85.7 81.2 12 Other loans and leases 258.3 277.9 281.6 291.5 299.6 302.1 308.5 312.6 311.5 312.5 312.8 310.5 13 Interbank loans 178.5 193.9 192.3 186.1 191.4 194.8 193.3 187.8 188.5 186.8 184.5 186.8 14 Cash assets (4) 229.6 215.6 208.5 217.8 219.3 207.7 216.2 215.7 227.2 204.0 223.7 223.5 15 Other assets (5) 252.8 278.7 278.7 282.4 285.5 283.9 290.5 289.9 291.7 290.6 291.7 286.9 16 TOTAL ASSETS (6) 4,156.0 4,326.4 4,330.4 4,382.6 4,433.3 4,492.8 4,551.7 4,586.4 4,606.4 4,575.2 4,574.6 4,575.3 L I A B I L I T I E S 17 Deposits 2,839.6 2,919.3 2,893.6 2,915.8 2,929.7 2,949.8 2,996.9 3,013.6 3,036.7 3,002.0 3,030.6 3,020.0 18 Transaction 678.2 671.6 651.0 653.1 659.7 650.9 653.7 654.5 681.0 663.8 636.4 643.6 19 Nontransaction 2,161.4 2,247.7 2,242.6 2,262.7 2,270.0 2,298.9 2,343.2 2,359.2 2,355.8 2,338.1 2,394.2 2,376.3 20 Large time 376.9 393.4 385.1 385.1 384.3 397.5 410.5 409.0 408.5 406.7 414.2 409.8 21 Other 1,784.5 1,854.3 1,857.5 1,877.7 1,885.7 1,901.4 1,932.7 1,950.2 1,947.3 1,931.4 1,980.0 1,966.5 22 Borrowings 669.7 691.4 690.0 694.7 709.8 750.9 789.2 805.3 796.6 811.2 790.1 797.3 23 From banks in the U.S. 279.2 259.9 269.5 276.1 278.2 287.8 295.1 298.1 292.0 302.1 301.4 305.1 24 From others 390.6 431.5 420.5 418.5 431.6 463.2 494.2 507.2 504.6 509.1 488.7 492.2 25 Net due to related foreign offices 73.2 73.4 79.8 93.6 105.6 116.9 116.3 114.9 112.6 113.4 111.7 110.4 26 Other liabilities 185.2 218.8 228.6 235.5 240.2 252.0 238.7 242.2 245.1 249.3 245.6 249.8 27 TOTAL LIABILITIES 3,767.8 3,902.9 3,892.0 3,939.6 3,985.4 4,069.6 4,141.2 4,176.0 4,191.1 4,175.9 4,178.0 4,177.5 28 Residual (assets less liabilities) (7) 388.3 423.5 438.4 443.0 447.9 423.2 410.5 410.4 415.3 399.2 396.6 397.8 ------------------------------------------------- Footnotes appear on page 13. H.8 (510) Page 4 ASSETS AND LIABILITIES OF DOMESTICALLY CHARTERED COMMERCIAL BANKS IN THE UNITED STATES (1) Not seasonally adjusted, billions of dollars January 22, 1999 Account 1997 1998 1998 1998 1998 1998 1998 1998 Week ending Dec Jun Jul Aug Sep Oct Nov Dec Dec 23 Dec 30 Jan 6 Jan 13 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 3,562.3 3,693.8 3,699.5 3,737.2 3,786.4 3,868.3 3,925.5 3,963.2 3,964.4 3,973.8 3,958.0 3,952.2 2 Securities in bank credit 894.7 921.2 920.9 931.3 952.8 991.8 1,007.7 1,018.4 1,019.1 1,020.1 1,009.4 1,008.4 3 U.S. government securities 669.0 670.8 666.1 671.5 680.1 691.0 710.5 710.7 710.0 712.8 710.7 711.4 4 Other securities 225.7 250.4 254.8 259.8 272.8 300.9 297.2 307.7 309.1 307.3 298.7 297.0 5 Loans and leases in bank credit (2) 2,667.5 2,772.6 2,778.6 2,805.9 2,833.6 2,876.4 2,917.8 2,944.8 2,945.2 2,953.7 2,948.7 2,943.8 6 Commercial and industrial 630.8 678.0 683.5 687.1 695.9 713.1 722.0 724.0 726.5 728.3 727.5 724.3 7 Real estate 1,208.1 1,248.0 1,250.0 1,260.8 1,264.6 1,270.8 1,294.1 1,306.7 1,300.5 1,307.1 1,307.1 1,313.1 8 Revolving home equity 98.0 97.5 97.6 97.8 98.6 97.8 98.1 97.7 97.4 97.5 97.1 97.0 9 Other 1,110.1 1,150.5 1,152.4 1,163.0 1,166.0 1,173.0 1,195.9 1,209.0 1,203.1 1,209.6 1,210.0 1,216.1 10 Consumer 512.8 500.3 494.4 496.7 500.7 499.3 502.5 510.0 512.2 515.4 510.9 511.7 11 Security (3) 54.1 67.7 68.3 69.8 72.2 89.6 89.1 87.2 90.6 81.6 84.3 82.8 12 Other loans and leases 261.6 278.6 282.4 291.5 300.3 303.6 310.2 316.9 315.5 321.4 318.9 312.0 13 Interbank loans 187.9 190.5 185.9 179.1 185.8 190.8 199.8 197.7 193.1 195.5 197.6 197.3 14 Cash assets (4) 247.2 209.6 204.2 205.5 217.1 211.2 224.6 232.2 235.6 248.2 239.6 235.0 15 Other assets (5) 252.4 278.0 280.3 283.5 286.7 284.0 291.1 289.3 289.0 292.6 291.1 283.5 16 TOTAL ASSETS (6) 4,193.2 4,314.6 4,312.4 4,348.0 4,418.4 4,496.7 4,583.0 4,624.5 4,624.0 4,652.2 4,628.9 4,610.5 L I A B I L I T I E S 17 Deposits 2,869.0 2,909.6 2,887.9 2,906.9 2,932.3 2,954.0 3,016.5 3,042.5 3,043.3 3,059.6 3,074.2 3,044.6 18 Transaction 712.1 666.6 646.0 639.7 654.4 646.8 664.4 687.7 702.1 736.0 675.6 664.4 19 Nontransaction 2,156.9 2,243.0 2,241.9 2,267.2 2,278.0 2,307.2 2,352.0 2,354.8 2,341.2 2,323.6 2,398.7 2,380.2 20 Large time 377.1 391.0 384.0 387.5 387.8 400.9 415.5 409.5 407.1 403.6 412.9 409.4 21 Other 1,779.8 1,851.9 1,857.9 1,879.8 1,890.2 1,906.3 1,936.5 1,945.3 1,934.1 1,920.0 1,985.7 1,970.7 22 Borrowings 667.7 701.1 694.4 687.4 713.0 746.8 785.1 800.4 800.7 809.3 780.8 794.0 23 From banks in the U.S. 283.0 262.8 269.7 272.1 277.0 283.7 295.4 302.2 299.8 306.0 300.0 306.3 24 From others 384.8 438.2 424.7 415.2 435.9 463.1 489.7 498.2 500.9 503.2 480.8 487.7 25 Net due to related foreign offices 67.1 80.1 84.9 96.7 106.8 115.5 113.7 111.3 109.2 109.1 107.2 107.2 26 Other liabilities 185.2 218.8 228.6 235.5 240.2 252.0 238.7 242.2 245.1 249.3 245.6 249.8 27 TOTAL LIABILITIES 3,789.0 3,909.6 3,895.7 3,926.5 3,992.3 4,068.4 4,154.0 4,196.5 4,198.4 4,227.3 4,207.9 4,195.6 28 Residual (assets less liabilities) (7) 404.1 405.1 416.7 421.5 426.1 428.3 429.0 428.0 425.6 424.9 421.0 414.9 MEMO 29 Reval. gains on off-bal. sheet items (8) 41.0 50.5 51.0 51.9 61.7 78.7 62.7 69.1 69.5 66.8 65.4 63.8 30 Reval. losses on off-bal. sheet items (8) 43.9 50.1 50.4 54.2 65.1 80.5 65.1 70.5 71.9 69.8 65.4 64.4 31 Mortgage-backed securities (9) 281.1 291.0 293.0 301.2 313.7 335.8 346.4 346.3 344.4 347.7 346.4 344.2 ------------------------------------------------- Footnotes appear on page 13. H.8 (510) Page 5 ASSETS AND LIABILITIES OF LARGE DOMESTICALLY CHARTERED COMMERCIAL BANKS IN THE UNITED STATES (1) Seasonally adjusted, adjusted for mergers, billions of dollars January 22, 1999 Account 1997 1998 1998 1998 1998 1998 1998 1998 Week ending Dec Jun Jul Aug Sep Oct Nov Dec Dec 23 Dec 30 Jan 6 Jan 13 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 2,171.7 2,275.4 2,274.4 2,305.1 2,336.2 2,391.9 2,411.9 2,434.1 2,439.1 2,430.6 2,408.8 2,417.2 2 Securities in bank credit 494.6 519.5 521.5 532.2 547.0 572.6 569.4 577.6 582.6 573.4 554.0 558.0 3 U.S. government securities 355.1 356.9 355.4 361.3 367.8 371.8 380.1 376.6 377.1 381.2 374.2 376.0 3a Trading account 27.4 23.4 20.4 21.3 22.0 20.9 23.4 24.0 25.8 26.8 26.8 28.3 3b Investment account 327.7 333.5 335.0 340.0 345.8 350.9 356.7 352.6 351.2 354.4 347.4 347.7 4 Other securities 139.5 162.7 166.1 170.9 179.2 200.8 189.3 201.0 205.5 192.3 179.8 182.0 4a Trading account 63.3 79.5 81.1 83.1 89.5 109.1 92.5 99.9 103.8 90.9 80.4 82.7 4b Investment account 76.2 83.2 85.0 87.7 89.8 91.7 96.8 101.1 101.7 101.4 99.4 99.3 4c State and local government 22.1 22.2 22.4 22.6 23.2 23.9 24.6 25.0 25.0 25.1 25.2 24.9 4d Other 54.0 60.9 62.6 65.1 66.6 67.8 72.2 76.2 76.8 76.3 74.1 74.4 5 Loans and leases in bank credit (2) 1,677.1 1,755.9 1,752.8 1,772.9 1,789.1 1,819.3 1,842.5 1,856.5 1,856.5 1,857.2 1,854.8 1,859.2 6 Commercial and industrial 458.0 490.4 497.6 502.9 508.9 521.4 527.7 529.6 531.0 530.4 531.0 531.2 6a Bankers acceptances 1.3 1.2 1.3 1.3 1.3 1.2 1.2 1.2 1.3 1.2 1.3 1.3 6b Other 456.8 489.2 496.3 501.7 507.6 520.2 526.5 528.4 529.7 529.1 529.7 529.9 7 Real estate 677.1 695.0 686.6 687.8 685.5 686.1 698.6 705.9 701.0 705.2 702.8 708.7 8 Revolving home equity 69.4 69.1 68.7 68.6 68.8 68.0 67.7 67.5 67.5 67.2 66.9 67.2 9 Other 607.7 625.8 617.9 619.2 616.7 618.1 630.8 638.5 633.6 638.0 635.9 641.5 10 Consumer 302.8 301.8 294.6 295.8 298.7 299.7 300.6 301.8 301.6 303.5 301.0 305.4 11 Security (3) 47.4 61.6 63.9 67.4 68.9 82.7 80.8 79.0 82.5 76.5 79.4 75.0 11a Fed funds and RPs with broker/dealer 31.1 42.9 44.9 48.0 50.1 64.7 63.6 62.8 66.5 59.7 61.9 59.8 11b Other 16.3 18.7 19.0 19.4 18.8 18.0 17.3 16.3 16.0 16.9 17.4 15.2 12a State and local government 11.9 11.6 11.1 11.5 11.5 11.6 11.9 11.6 11.5 11.6 11.5 11.8 12b Agricultural 10.1 10.1 10.0 10.0 10.0 9.9 10.0 10.1 10.2 10.2 10.2 10.2 12c Fed funds and RPs with others 11.6 5.6 8.9 10.0 12.4 12.9 12.4 16.1 15.2 17.9 13.9 12.6 12d All other loans 75.2 85.3 83.9 88.9 93.2 93.5 97.8 96.5 96.3 94.6 97.6 97.1 12e Lease financing receivables 83.0 94.4 96.3 98.7 100.0 101.4 102.8 105.7 107.2 107.3 107.4 107.2 13 Interbank loans 127.8 128.0 123.9 115.7 117.5 119.0 119.3 120.5 120.3 120.9 117.3 120.1 13a Fed funds and RPs with banks 87.4 77.2 70.1 62.5 64.2 73.6 75.2 73.6 71.3 72.1 74.4 76.4 13b Other 40.4 50.8 53.8 53.2 53.4 45.4 44.0 46.9 49.0 48.8 43.0 43.7 14 Cash assets (4) 162.2 149.1 143.8 151.2 151.3 141.0 147.9 147.7 155.8 138.5 155.5 152.5 15 Other assets (5) 196.2 214.8 215.7 219.3 219.8 215.8 218.2 216.9 218.2 218.9 216.8 216.7 16 TOTAL ASSETS (6) 2,620.4 2,729.4 2,720.0 2,754.0 2,787.3 2,829.8 2,859.4 2,881.4 2,895.5 2,870.8 2,860.7 2,868.5 ------------------------------------------------- Footnotes appear on page 13. H.8 (510) Page 6 ASSETS AND LIABILITIES OF LARGE DOMESTICALLY CHARTERED COMMERCIAL BANKS IN THE UNITED STATES (1) Seasonally adjusted, adjusted for mergers, billions of dollars (continued) January 22, 1999 Account 1997 1998 1998 1998 1998 1998 1998 1998 Week ending Dec Jun Jul Aug Sep Oct Nov Dec Dec 23 Dec 30 Jan 6 Jan 13 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- L I A B I L I T I E S 17 Deposits 1,613.0 1,644.3 1,620.1 1,627.8 1,628.2 1,639.7 1,666.3 1,672.6 1,689.4 1,660.8 1,675.9 1,663.5 18 Transaction 392.8 383.2 367.8 369.3 373.1 366.6 368.3 367.3 384.6 372.7 355.5 355.5 19 Nontransaction 1,220.2 1,261.1 1,252.3 1,258.5 1,255.1 1,273.1 1,298.1 1,305.4 1,304.8 1,288.2 1,320.4 1,308.0 20 Large time 215.8 222.5 216.1 214.9 209.8 221.5 230.3 230.0 229.8 227.7 231.9 227.7 21 Other 1,004.4 1,038.5 1,036.2 1,043.5 1,045.3 1,051.6 1,067.7 1,075.4 1,075.0 1,060.4 1,088.5 1,080.3 22 Borrowings 519.3 532.5 526.6 531.8 544.5 579.2 610.0 621.2 613.4 625.5 604.5 616.6 23 From banks in the U.S. 209.3 188.8 190.5 197.5 198.4 204.0 208.1 209.3 204.1 213.3 214.2 220.7 24 From others 310.0 343.7 336.1 334.2 346.2 375.3 401.8 411.8 409.3 412.2 390.3 395.8 25 Net due to related foreign offices 68.9 69.6 76.1 89.9 101.8 112.3 112.7 111.3 108.9 109.3 108.1 106.9 26 Other liabilities 157.3 189.0 198.5 204.9 209.6 220.2 206.0 209.7 212.8 216.8 213.6 219.4 27 TOTAL LIABILITIES 2,358.5 2,435.4 2,421.3 2,454.3 2,484.2 2,551.4 2,595.0 2,614.7 2,624.6 2,612.5 2,602.1 2,606.4 28 Residual (assets less liabilities) (7) 261.9 294.0 298.6 299.7 303.2 278.4 264.4 266.7 270.9 258.3 258.6 262.2 ------------------------------------------------- Footnotes appear on page 13. H.8 (510) Page 7 ASSETS AND LIABILITIES OF LARGE DOMESTICALLY CHARTERED COMMERCIAL BANKS IN THE UNITED STATES (1) Not seasonally adjusted, adjusted for mergers, billions of dollars January 22, 1999 Account 1997 1998 1998 1998 1998 1998 1998 1998 Week ending Dec Jun Jul Aug Sep Oct Nov Dec Dec 23 Dec 30 Jan 6 Jan 13 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 2,181.6 2,269.0 2,267.4 2,289.6 2,326.1 2,396.3 2,428.6 2,445.9 2,442.1 2,449.7 2,441.7 2,438.0 2 Securities in bank credit 495.4 516.2 514.5 520.5 539.0 571.6 577.7 578.9 577.1 576.9 567.4 565.9 3 U.S. government securities 354.9 356.6 353.1 356.5 363.1 371.0 383.2 377.0 374.5 377.0 376.4 376.2 3a Trading account 27.0 22.5 19.9 21.2 21.9 21.9 24.6 23.6 24.2 23.4 25.6 27.3 3b Investment account 327.9 334.1 333.3 335.3 341.2 349.0 358.6 353.5 350.3 353.6 350.8 348.9 3c Mortgage-backed 217.0 217.6 219.0 225.7 236.3 255.2 258.1 253.4 251.6 253.1 253.4 251.3 3d Other 110.9 116.5 114.3 109.6 104.8 93.9 100.5 100.1 98.7 100.5 97.4 97.6 3e 1 year or less 29.9 31.6 30.4 28.9 27.7 26.1 27.2 26.5 26.3 26.9 25.9 26.2 3f Between 1 and 5 years 56.8 49.1 52.1 48.9 44.2 37.2 38.2 38.4 38.5 38.0 36.6 36.1 3g More than 5 years 24.1 35.8 31.9 31.8 33.0 30.6 35.2 35.1 33.9 35.7 34.9 35.4 4 Other securities 140.5 159.6 161.3 164.0 175.9 200.7 194.5 201.8 202.6 199.9 191.1 189.7 4a Trading account 63.6 76.7 77.0 76.8 86.4 108.8 96.4 99.6 100.1 97.6 90.2 89.2 4b Investment account 77.0 82.9 84.3 87.2 89.4 91.9 98.0 102.2 102.5 102.3 100.9 100.5 4c State and local government 22.2 22.4 22.3 22.7 23.2 24.0 24.6 25.0 25.0 25.1 25.2 24.8 4d Other 54.8 60.6 62.1 64.6 66.2 67.9 73.4 77.2 77.5 77.2 75.6 75.6 5 Loans and leases in bank credit (2) 1,686.2 1,752.8 1,752.9 1,769.1 1,787.1 1,824.6 1,851.0 1,867.0 1,865.0 1,872.7 1,874.2 1,872.1 6 Commercial and industrial 456.0 491.5 497.7 499.5 506.0 521.1 527.8 527.2 528.9 530.2 530.0 527.2 6a Bankers acceptances 1.3 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 6b Other 454.6 490.3 496.5 498.3 504.6 519.8 526.5 525.9 527.6 528.9 528.8 525.9 7 Real estate 679.5 692.1 688.9 691.1 688.8 690.2 702.8 708.5 701.2 706.4 708.3 714.6 8 Revolving home equity 69.7 68.9 68.9 68.9 69.4 68.6 68.4 67.8 67.5 67.6 67.7 67.7 9a Other residential 371.0 383.8 383.3 384.8 380.7 382.6 393.7 398.2 390.7 395.4 397.3 403.0 9b Commercial 238.8 239.4 236.7 237.4 238.8 238.9 240.7 242.4 243.0 243.4 243.3 243.9 10 Consumer 306.7 300.6 294.4 297.3 300.7 300.6 301.6 305.8 305.8 310.4 310.3 311.8 11 Security (3) 48.7 61.7 62.3 63.7 65.8 83.1 82.3 80.8 84.4 75.6 77.9 76.6 11a Fed funds and RPs with broker/dealer 31.4 42.6 43.9 45.1 47.6 65.2 65.0 63.7 66.8 57.8 60.7 61.3 11b Other 17.2 19.2 18.5 18.6 18.2 17.9 17.3 17.1 17.7 17.8 17.2 15.3 12a State and local government 12.0 11.5 11.1 11.5 11.6 11.6 12.0 11.7 11.7 11.7 11.5 11.8 12b Agricultural 10.1 10.2 10.3 10.3 10.3 10.1 10.1 10.1 10.1 10.4 10.4 10.2 12c Fed funds and RPs with others 11.6 5.6 8.9 10.0 12.4 12.9 12.4 16.1 15.2 17.9 13.9 12.6 12d All other loans 78.4 85.5 83.5 88.2 92.7 94.0 99.3 100.6 100.5 101.8 101.9 97.7 12e Lease financing receivables 83.2 94.0 95.8 97.5 98.9 101.0 102.8 106.0 107.2 108.5 109.8 109.7 13 Interbank loans 133.2 128.4 122.9 113.1 116.3 116.2 121.3 125.6 123.0 128.5 124.1 126.5 13a Fed funds and RPs with banks 91.5 77.5 69.4 60.7 63.7 70.9 76.9 77.5 72.5 77.5 79.5 81.3 13b Other 41.6 50.9 53.5 52.5 52.7 45.2 44.4 48.2 50.5 51.0 44.6 45.2 14 Cash assets (4) 176.2 144.0 140.2 141.1 149.8 144.6 154.0 161.0 163.5 172.9 167.0 163.0 15 Other assets (5) 196.2 214.8 215.7 219.3 219.8 215.8 218.2 216.9 218.2 218.9 216.8 216.7 16 TOTAL ASSETS (6) 2,649.6 2,718.2 2,708.2 2,725.4 2,774.2 2,835.0 2,884.1 2,911.6 2,908.9 2,932.2 2,912.1 2,906.6 ------------------------------------------------- Footnotes appear on page 13. H.8 (510) Page 8 ASSETS AND LIABILITIES OF LARGE DOMESTICALLY CHARTERED COMMERCIAL BANKS IN THE UNITED STATES (1) Not seasonally adjusted, adjusted for mergers, billions of dollars (continued) January 22, 1999 Account 1997 1998 1998 1998 1998 1998 1998 1998 Week ending Dec Jun Jul Aug Sep Oct Nov Dec Dec 23 Dec 30 Jan 6 Jan 13 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- L I A B I L I T I E S 17 Deposits 1,634.6 1,637.9 1,620.0 1,625.4 1,634.3 1,645.9 1,679.5 1,694.2 1,694.3 1,704.3 1,710.3 1,685.8 18 Transaction 416.0 379.8 365.6 360.2 370.0 364.4 374.9 390.4 399.7 424.7 380.7 371.0 19 Nontransaction 1,218.5 1,258.1 1,254.5 1,265.2 1,264.3 1,281.5 1,304.6 1,303.7 1,294.5 1,279.6 1,329.6 1,314.8 20 Large time 216.1 220.1 215.0 217.3 213.3 224.8 235.3 230.5 228.4 224.6 230.6 227.3 21 Other 1,002.5 1,038.0 1,039.5 1,047.9 1,051.0 1,056.7 1,069.3 1,073.3 1,066.2 1,055.0 1,099.0 1,087.5 22 Borrowings 516.5 541.8 530.9 523.1 544.3 574.7 606.4 615.6 613.1 622.1 600.2 613.2 23 From banks in the U.S. 213.0 191.2 190.5 192.7 196.0 200.4 209.6 213.4 210.0 216.5 215.2 222.0 24 From others 303.6 350.7 340.4 330.4 348.3 374.3 396.8 402.2 403.1 405.5 385.0 391.3 25 Net due to related foreign offices 62.8 76.2 81.2 92.9 103.0 110.9 110.1 107.7 105.5 105.0 103.7 103.7 26 Other liabilities 157.3 189.0 198.5 204.9 209.6 220.2 206.0 209.7 212.8 216.8 213.6 219.4 27 TOTAL LIABILITIES 2,371.2 2,445.0 2,430.6 2,446.4 2,491.2 2,551.7 2,602.1 2,627.2 2,625.7 2,648.1 2,627.8 2,622.1 28 Residual (assets less liabilities) (7) 278.4 273.2 277.6 279.1 283.0 283.3 282.1 284.4 283.3 284.1 284.3 284.5 MEMO 29 Reval. gains on off-bal. sheet items (8) 41.0 50.5 51.0 51.9 61.7 78.7 62.7 69.1 69.5 66.8 65.4 63.8 30 Reval. losses on off-bal. sheet items (8) 43.9 50.1 50.4 54.2 65.1 80.5 65.1 70.5 71.9 69.8 65.4 64.4 31 Mortgage-backed securities (9) 235.8 240.2 242.8 249.6 260.4 280.6 287.1 284.5 282.1 285.4 283.9 281.7 31a Pass-through 158.9 157.8 157.9 161.3 167.3 189.5 196.7 195.3 194.4 195.0 195.2 193.3 31b CMO, REMIC, and other 77.0 82.3 84.9 88.3 93.2 91.1 90.3 89.2 87.7 90.4 88.7 88.4 32 Net unrealized gains (losses) on 2.1 3.2 3.5 3.1 3.7 4.4 3.1 3.0 3.0 2.9 3.2 3.2 available-for-sale securities (10) 33 Offshore credit to U.S. residents (11) 34.2 36.1 35.3 35.6 36.8 38.5 39.1 38.5 39.8 39.0 39.3 39.3 ------------------------------------------------- Footnotes appear on page 13. H.8 (510) Page 9 ASSETS AND LIABILITIES OF SMALL DOMESTICALLY CHARTERED COMMERCIAL BANKS IN THE UNITED STATES (1) Seasonally adjusted, adjusted for mergers, billions of dollars January 22, 1999 Account 1997 1998 1998 1998 1998 1998 1998 1998 Week ending Dec Jun Jul Aug Sep Oct Nov Dec Dec 23 Dec 30 Jan 6 Jan 13 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 1,380.0 1,420.1 1,434.0 1,448.1 1,458.2 1,472.2 1,497.6 1,516.8 1,517.9 1,521.3 1,523.4 1,518.8 2 Securities in bank credit 401.2 401.9 407.8 411.9 414.6 423.2 433.4 441.5 442.4 444.1 444.9 443.6 3 U.S. government securities 315.7 311.5 314.3 315.8 317.4 322.2 330.1 335.3 335.8 336.8 336.7 336.0 4 Other securities 85.5 90.4 93.5 96.1 97.2 101.0 103.2 106.2 106.6 107.3 108.2 107.6 5 Loans and leases in bank credit (2) 978.8 1,018.2 1,026.3 1,036.2 1,043.6 1,049.0 1,064.3 1,075.4 1,075.5 1,077.2 1,078.6 1,075.2 6 Commercial and industrial 175.4 184.7 186.1 189.1 191.5 193.6 195.4 197.3 197.5 197.8 198.2 198.1 7 Real estate 527.7 555.3 561.1 569.3 574.1 578.2 589.1 597.2 597.9 599.9 602.3 601.5 8 Revolving home equity 28.3 28.6 28.8 29.0 29.0 29.0 29.7 29.9 29.8 29.9 29.7 29.4 9 Other 499.4 526.7 532.2 540.2 545.1 549.2 559.4 567.3 568.1 570.0 572.6 572.1 10 Consumer 203.8 201.3 201.7 199.3 199.1 197.8 199.4 202.0 202.9 202.5 199.6 197.8 11 Security (3) 5.4 6.0 6.0 6.1 6.3 6.5 6.7 6.4 6.2 6.0 6.4 6.2 12 Other loans and leases 66.4 70.9 71.4 72.5 72.6 72.8 73.6 72.5 71.0 71.0 72.1 71.5 13 Interbank loans 50.7 65.9 68.3 70.4 73.9 75.8 74.0 67.3 68.3 65.9 67.2 66.8 14 Cash assets (4) 67.4 66.5 64.7 66.6 68.0 66.7 68.3 67.9 71.3 65.5 68.2 70.9 15 Other assets (5) 56.6 63.9 63.0 63.1 65.6 68.0 72.3 73.0 73.6 71.8 74.9 70.1 16 TOTAL ASSETS (6) 1,535.7 1,597.0 1,610.4 1,628.7 1,646.0 1,663.0 1,692.3 1,704.9 1,710.9 1,704.3 1,713.9 1,706.8 L I A B I L I T I E S 17 Deposits 1,226.6 1,275.0 1,273.5 1,288.0 1,301.5 1,310.1 1,330.6 1,341.0 1,347.3 1,341.1 1,354.7 1,356.4 18 Transaction 285.4 288.4 283.2 283.7 286.6 284.3 285.5 287.2 296.4 291.2 280.9 288.1 19 Nontransaction 941.2 986.6 990.3 1,004.3 1,014.9 1,025.8 1,045.1 1,053.8 1,051.0 1,050.0 1,073.8 1,068.3 20 Large time 161.0 170.9 169.0 170.1 174.5 176.1 180.1 179.0 178.7 179.0 182.3 182.1 21 Other 780.1 815.7 821.3 834.1 840.4 849.8 865.0 874.8 872.3 871.0 891.5 886.2 22 Borrowings 150.5 158.8 163.4 162.9 165.3 171.7 179.2 184.1 183.2 185.7 185.6 180.7 23 From banks in the U.S. 69.9 71.1 79.0 78.6 79.8 83.8 86.9 88.8 87.9 88.8 87.2 84.3 24 From others 80.6 87.7 84.4 84.3 85.4 87.9 92.3 95.4 95.3 96.9 98.4 96.4 25 Net due to related foreign offices 4.3 3.9 3.7 3.7 3.7 4.7 3.6 3.6 3.7 4.1 3.5 3.5 26 Other liabilities 27.9 29.8 30.1 30.7 30.6 31.8 32.7 32.5 32.3 32.5 32.0 30.5 27 TOTAL LIABILITIES 1,409.3 1,467.5 1,470.7 1,485.3 1,501.2 1,518.3 1,546.2 1,561.3 1,566.5 1,563.5 1,575.8 1,571.1 28 Residual (assets less liabilities) (7) 126.4 129.5 139.8 143.4 144.8 144.8 146.1 143.7 144.4 140.9 138.0 135.7 ------------------------------------------------- Footnotes appear on page 13. H.8 (510) Page 10 ASSETS AND LIABILITIES OF SMALL DOMESTICALLY CHARTERED COMMERCIAL BANKS IN THE UNITED STATES (1) Not seasonally adjusted, adjusted for mergers, billions of dollars January 22, 1999 Account 1997 1998 1998 1998 1998 1998 1998 1998 Week ending Dec Jun Jul Aug Sep Oct Nov Dec Dec 23 Dec 30 Jan 6 Jan 13 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 1,380.6 1,424.9 1,432.1 1,447.7 1,460.4 1,472.0 1,496.9 1,517.3 1,522.2 1,524.1 1,516.4 1,514.2 2 Securities in bank credit 399.3 405.0 406.5 410.8 413.9 420.2 430.1 439.5 442.0 443.1 441.9 442.5 3 U.S. government securities 314.1 314.2 313.0 315.0 317.0 320.0 327.3 333.7 335.5 335.8 334.3 335.2 4 Other securities 85.2 90.8 93.5 95.8 96.9 100.2 102.8 105.8 106.5 107.4 107.6 107.3 5 Loans and leases in bank credit (2) 981.3 1,019.9 1,025.7 1,036.9 1,046.5 1,051.8 1,066.8 1,077.8 1,080.2 1,081.0 1,074.4 1,071.7 6 Commercial and industrial 174.9 186.5 185.8 187.6 190.0 191.9 194.2 196.8 197.5 198.1 197.5 197.1 7 Real estate 528.6 555.9 561.1 569.7 575.8 580.7 591.2 598.2 599.3 600.7 598.8 598.5 8 Revolving home equity 28.3 28.5 28.7 28.9 29.2 29.2 29.8 29.9 29.9 29.9 29.4 29.3 9 Other 500.3 527.4 532.4 540.8 546.6 551.5 561.5 568.3 569.5 570.8 569.4 569.2 10 Consumer 206.2 199.7 200.0 199.4 200.0 198.7 201.0 204.2 206.4 205.0 200.5 199.8 11 Security (3) 5.4 6.0 6.0 6.1 6.3 6.5 6.7 6.4 6.2 6.0 6.4 6.2 12 Other loans and leases 66.2 71.8 72.8 74.1 74.4 74.0 73.7 72.3 70.7 71.2 71.3 70.1 13 Interbank loans 54.8 62.1 63.0 65.9 69.5 74.7 78.5 72.1 70.1 67.0 73.5 70.8 14 Cash assets (4) 71.0 65.6 64.0 64.4 67.3 66.6 70.5 71.2 72.1 75.3 72.6 72.0 15 Other assets (5) 56.2 63.2 64.6 64.2 66.8 68.2 72.9 72.4 70.8 73.7 74.3 66.8 16 TOTAL ASSETS (6) 1,543.6 1,596.4 1,604.2 1,622.5 1,644.2 1,661.7 1,698.9 1,712.9 1,715.1 1,720.0 1,716.8 1,703.9 L I A B I L I T I E S 17 Deposits 1,234.4 1,271.6 1,267.9 1,281.5 1,298.1 1,308.1 1,336.9 1,348.4 1,349.0 1,355.3 1,363.9 1,358.8 18 Transaction 296.1 286.8 280.4 279.5 284.4 282.4 289.6 297.3 302.3 311.3 294.9 293.5 19 Nontransaction 938.3 984.8 987.4 1,002.0 1,013.7 1,025.6 1,047.4 1,051.0 1,046.7 1,044.0 1,069.1 1,065.3 20 Large time 161.0 170.9 169.0 170.1 174.5 176.1 180.1 179.0 178.7 179.0 182.3 182.1 21 Other 777.3 814.0 818.4 831.9 839.2 849.6 867.2 872.0 868.0 865.0 886.7 883.2 22 Borrowings 151.2 159.3 163.5 164.2 168.7 172.1 178.7 184.8 187.7 187.2 180.6 180.7 23 From banks in the U.S. 70.0 71.7 79.2 79.4 81.0 83.3 85.8 88.8 89.8 89.5 84.9 84.3 24 From others 81.2 87.6 84.3 84.8 87.6 88.9 92.9 96.0 97.9 97.7 95.8 96.4 25 Net due to related foreign offices 4.3 3.9 3.7 3.7 3.7 4.7 3.6 3.6 3.7 4.1 3.5 3.5 26 Other liabilities 27.9 29.8 30.1 30.7 30.6 31.8 32.7 32.5 32.3 32.5 32.0 30.5 27 TOTAL LIABILITIES 1,417.8 1,464.6 1,465.1 1,480.2 1,501.1 1,516.7 1,551.9 1,569.3 1,572.7 1,579.1 1,580.1 1,573.5 28 Residual (assets less liabilities) (7) 125.8 131.9 139.1 142.4 143.1 145.1 147.0 143.6 142.4 140.9 136.8 130.4 MEMO 31 Mortgage-backed securities (9) 45.3 50.8 50.1 51.7 53.2 55.2 59.3 61.9 62.3 62.3 62.5 62.5 ------------------------------------------------- Footnotes appear on page 13. H.8 (510) Page 11 ASSETS AND LIABILITIES OF FOREIGN-RELATED INSTITUTIONS IN THE UNITED STATES (1) Seasonally adjusted, billions of dollars January 22, 1999 Account 1997 1998 1998 1998 1998 1998 1998 1998 Week ending Dec Jun Jul Aug Sep Oct Nov Dec Dec 23 Dec 30 Jan 6 Jan 13 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 543.4 568.2 572.1 588.4 604.6 624.7 620.1 601.1 592.0 586.7 590.7 596.5 2 Securities in bank credit 186.2 200.2 201.1 212.4 215.4 221.9 223.9 216.7 214.4 214.5 217.2 219.5 3 U.S. government securities 76.6 88.6 91.0 94.1 82.2 80.2 80.5 81.0 81.5 82.9 82.8 83.4 4 Other securities 109.6 111.6 110.1 118.4 133.2 141.7 143.4 135.7 132.9 131.6 134.4 136.1 5 Loans and leases in bank credit (2) 357.2 368.0 371.0 376.0 389.2 402.8 396.2 384.4 377.6 372.3 373.5 377.0 6 Commercial and industrial 220.5 211.8 214.1 214.1 218.0 223.8 223.9 218.0 214.4 209.9 210.7 212.8 7 Real estate 25.9 24.2 23.9 23.9 23.6 23.3 22.0 20.7 20.3 20.3 20.6 21.0 11 Security (3) 44.8 62.5 62.0 64.2 67.6 69.6 65.0 66.0 67.4 65.9 67.6 69.1 12 Other loans and leases 66.1 69.4 70.9 73.9 80.0 86.1 85.4 79.7 75.5 76.1 74.7 74.0 13 Interbank loans 31.2 23.9 21.0 20.0 28.4 25.4 26.5 27.1 32.6 32.2 25.0 27.0 14 Cash assets (4) 33.3 34.8 35.0 33.8 34.0 35.4 33.5 33.9 32.2 33.2 35.1 36.1 15 Other assets (5) 43.1 33.8 34.1 35.7 37.9 39.2 36.6 39.1 39.5 38.3 38.0 38.3 16 TOTAL ASSETS (6) 650.8 660.4 661.9 677.6 704.5 724.5 716.4 700.9 696.1 690.3 688.5 697.7 L I A B I L I T I E S 17 Deposits 272.5 303.1 297.6 305.9 314.5 318.9 315.3 307.3 303.7 301.8 311.5 317.3 18 Transaction 9.8 11.1 13.7 12.3 15.3 15.2 12.3 10.7 11.2 9.8 12.1 11.8 19 Nontransaction 262.7 292.0 283.9 293.6 299.2 303.7 303.0 296.6 292.4 292.0 299.4 305.5 22 Borrowings 149.4 167.0 167.7 165.2 178.9 185.5 185.6 179.4 180.3 173.7 172.3 173.4 23 From banks in the U.S. 25.8 29.5 25.8 21.9 30.2 32.0 33.4 28.5 27.8 22.8 21.9 24.1 24 From others 123.6 137.5 141.9 143.3 148.8 153.5 152.2 150.9 152.5 150.9 150.4 149.3 25 Net due to related foreign offices 121.7 97.3 107.8 110.2 97.1 109.1 102.1 102.3 100.6 102.9 101.8 102.1 26 Other liabilities 95.7 89.9 93.5 99.3 104.0 107.3 102.3 100.7 97.5 97.4 97.0 98.7 27 TOTAL LIABILITIES 639.4 657.3 666.6 680.7 694.6 720.8 705.3 689.8 682.1 675.9 682.6 691.5 28 Residual (assets less liabilities) (7) 11.4 3.0 -4.7 -3.1 10.0 3.6 11.1 11.2 13.9 14.4 5.9 6.2 ------------------------------------------------- Footnotes appear on page 13. H.8 (510) Page 12 ASSETS AND LIABILITIES OF FOREIGN-RELATED INSTITUTIONS IN THE UNITED STATES (1) Not seasonally adjusted, billions of dollars January 22, 1999 Account 1997 1998 1998 1998 1998 1998 1998 1998 Week ending Dec Jun Jul Aug Sep Oct Nov Dec Dec 23 Dec 30 Jan 6 Jan 13 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 542.6 571.2 574.9 590.8 599.3 624.0 612.5 599.6 591.3 592.1 589.3 593.1 2 Securities in bank credit 182.4 203.4 203.9 216.6 212.0 222.2 218.5 212.6 208.8 210.2 211.4 214.0 3 U.S. government securities 76.3 88.6 90.7 94.8 82.2 80.8 81.4 80.7 80.2 81.7 80.9 82.1 3a Trading account 13.7 20.0 25.3 31.0 20.6 16.7 14.4 15.6 15.7 17.0 16.8 18.0 3b Investment account 62.5 68.6 65.4 63.8 61.6 64.1 67.0 65.2 64.5 64.7 64.1 64.1 4 Other securities 106.1 114.8 113.2 121.7 129.8 141.5 137.1 131.9 128.6 128.6 130.5 132.0 4a Trading account 62.0 70.1 70.7 76.5 84.8 91.7 84.3 79.5 76.4 77.0 77.9 80.0 4b Investment account 44.1 44.6 42.5 45.2 45.0 49.8 52.8 52.3 52.2 51.6 52.6 51.9 5 Loans and leases in bank credit (2) 360.2 367.8 371.1 374.3 387.3 401.7 394.0 387.0 382.6 381.9 377.8 379.1 6 Commercial and industrial 221.3 211.8 213.9 213.0 216.9 223.7 223.5 218.9 216.5 214.3 213.0 213.8 7 Real estate 26.0 24.0 23.7 23.7 23.5 23.5 22.3 20.8 20.3 20.4 20.7 21.0 11 Security (3) 46.1 62.4 61.4 63.4 67.4 69.7 64.7 67.1 68.8 68.1 68.0 69.1 12 Other loans and leases 66.8 69.7 72.1 74.2 79.5 84.8 83.4 80.3 76.9 79.1 76.1 75.1 13 Interbank loans 31.2 23.9 21.0 20.0 28.4 25.4 26.5 27.1 32.6 32.2 25.0 27.0 14 Cash assets (4) 34.9 35.7 34.8 33.8 34.1 35.7 34.4 35.5 34.3 35.1 35.6 36.0 15 Other assets (5) 43.9 33.0 33.7 36.5 37.9 38.3 37.0 39.8 39.5 38.2 38.3 39.1 16 TOTAL ASSETS (6) 652.4 663.6 664.2 680.9 699.4 723.1 710.2 701.7 697.5 697.4 687.9 695.1 L I A B I L I T I E S 17 Deposits 275.6 304.9 295.8 304.6 316.1 318.4 314.3 310.5 309.3 306.7 309.8 314.6 18 Transaction 10.3 11.2 13.8 12.2 15.9 15.2 12.3 11.2 11.9 10.7 12.4 11.7 19 Nontransaction 265.3 293.7 282.0 292.4 300.1 303.1 302.0 299.3 297.5 296.1 297.4 302.9 22 Borrowings 149.4 167.0 167.7 165.2 178.9 185.5 185.6 179.4 180.3 173.7 172.3 173.4 23 From banks in the U.S. 25.8 29.5 25.8 21.9 30.2 32.0 33.4 28.5 27.8 22.8 21.9 24.1 24 From others 123.6 137.5 141.9 143.3 148.8 153.5 152.2 150.9 152.5 150.9 150.4 149.3 25 Net due to related foreign offices 126.6 96.5 104.2 106.9 95.6 108.1 102.8 106.9 106.4 115.6 106.1 106.1 26 Other liabilities 96.7 89.1 92.8 99.3 103.7 107.0 103.6 101.7 98.2 98.4 96.6 98.3 27 TOTAL LIABILITIES 648.3 657.6 660.5 676.0 694.3 719.0 706.3 698.4 694.3 694.5 684.8 692.5 28 Residual (assets less liabilities) (7) 4.1 6.0 3.6 4.9 5.2 4.1 3.9 3.3 3.2 2.9 3.0 2.6 MEMO 29 Reval. gains on off-bal. sheet items (8) 41.5 42.3 41.9 44.2 48.7 51.9 47.9 48.1 44.9 45.7 46.0 47.1 30 Reval. losses on off-bal. sheet items (8) 41.9 40.6 40.2 42.2 45.4 47.5 44.2 44.4 41.4 42.1 42.1 43.2 ------------------------------------------------- Footnotes appear on page 13. H.8 (510) Footnotes Page 13 January 22, 1999 Current and historical H.8 data are available on the Federal Reserve Board's web site (http://www.federalreserve.gov). For information about individual copies or subscriptions, contact Publications Services at the Federal Reserve Board (phone 202-452-3244, fax 202-728-5886). For paid electronic access to current and historical data, call STAT-USA at 1-800-782-8872 or 202-482-1986. 1. Covers the following types of institutions in the fifty states and the District of Columbia: domestically chartered commercial banks that submit a weekly report of condition (large domestic); other domestically chartered commercial banks (small domestic); branches and agencies of foreign banks, and Edge Act and Agreement corporations (foreign-related institutions). Excludes International Banking Facilities. Data are Wednesday values or pro rata averages of Wednesday values. Large domestic banks constitute a universe; data for small domestic banks and foreign-related institutions are estimates based on weekly samples and on quarter-end condition reports. Data are adjusted for breaks caused by reclassifications of assets and liabilities. The data for large and small domestic banks presented on pages 5 to 10 are adjusted to remove the estimated effects of mergers between these two groups. The adjustment for mergers changes past levels to make them comparable with current levels. Estimated quantities of balance sheet items acquired in mergers are removed from past data for the bank group that contained the acquired bank and put into past data for the group containing the acquiring bank. Balance sheet data for acquired banks are obtained from call reports, and a ratio procedure is used to adjust past levels. 2. Excludes federal funds sold to, reverse RPs with, and loans made to commercial banks in the United States, all of which are included in line 13. 3. Consists of reverse RPs with brokers and dealers and loans to purchase and carry securities. 4. Includes vault cash, cash items in process of collection, balances due from depository institutions, and balances due from Federal Reserve Banks. 5. Excludes the due-from position with related foreign offices, which is included in line 25. 6. Excludes unearned income, reserves for losses on loans and leases, and reserves for transfer risk. Loans are reported gross of these items. 7. This balancing item is not intended as a measure of equity capital for use in capital adequacy analysis. On a seasonally adjusted basis this item reflects any differences in the seasonal patterns estimated for total assets and total liabilities. 8. Fair value of derivative contracts (interest rate, foreign exchange rate, other commodity and equity contracts) in a gain/loss position, as determined under FASB Interpretation No. 39. 9. Includes mortgage-backed securities issued by U.S. government agencies, U.S. government-sponsored enterprises, and private entities. 10. Difference between fair value and historical cost for securities classified as available-for-sale under FASB Statement No. 115. Data are reported net of tax effects. Data shown are restated to include an estimate of these tax effects. 11. Mainly commercial and industrial loans, but also includes an unknown amount of credit extended to other than nonfinancial businesses.