h8.ascii NOTICE TO USERS OF THE H.8 Because July 3, 1998 is a federal holiday, the next H.8 (510) Statistical Release "Assets and Liabilities of Commercial Banks in the United States" will be published Thursday, July 2, 1998. 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 June 26, 1998 Account 1997 1997 1997 1998 1998 1998 1998 1998 Week ending May Nov Dec Jan Feb Mar Apr May May 27 Jun 3 Jun 10 Jun 17 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 3,907.4 4,069.8 4,091.3 4,149.6 4,180.7 4,218.6 4,207.8 4,234.7 4,240.6 4,242.8 4,237.5 4,246.6 2 Securities in bank credit 1,012.0 1,075.9 1,082.7 1,104.4 1,108.6 1,126.9 1,107.0 1,122.0 1,127.5 1,123.7 1,115.4 1,109.2 3 U.S. government securities 714.4 742.2 746.7 760.4 767.8 779.4 762.7 769.3 771.1 769.2 754.0 742.1 4 Other securities 297.6 333.7 336.0 344.0 340.8 347.5 344.2 352.6 356.5 354.5 361.4 367.1 5 Loans and leases in bank credit (2) 2,895.3 2,993.9 3,008.6 3,045.2 3,072.1 3,091.7 3,100.8 3,112.7 3,113.0 3,119.1 3,122.1 3,137.4 6 Commercial and industrial 812.5 844.1 851.9 861.8 869.2 871.0 869.9 878.4 880.2 884.7 887.9 893.4 7 Real estate 1,180.2 1,225.6 1,229.3 1,233.1 1,248.2 1,259.4 1,266.8 1,269.6 1,269.2 1,270.8 1,268.1 1,270.6 8 Revolving home equity 90.6 96.7 97.6 98.0 98.2 98.4 98.6 98.7 98.8 97.7 97.8 97.8 9 Other 1,089.6 1,128.9 1,131.7 1,135.1 1,150.0 1,161.0 1,168.2 1,170.9 1,170.5 1,173.1 1,170.3 1,172.8 10 Consumer 517.9 507.3 507.2 504.5 502.8 502.1 497.3 495.8 496.4 496.3 494.4 494.0 11 Security (3) 89.8 99.3 96.8 116.2 117.9 116.8 115.4 120.1 119.3 119.5 123.2 127.7 12 Other loans and leases 295.0 317.6 323.4 329.6 334.1 342.4 351.4 348.7 347.8 347.8 348.5 351.7 13 Interbank loans 217.9 204.0 211.8 200.7 199.8 216.7 212.6 201.8 196.7 206.5 215.5 206.9 14 Cash assets (4) 246.3 274.3 263.6 264.4 269.2 280.9 274.1 255.9 269.6 238.5 260.0 253.2 15 Other assets (5) 281.9 290.5 289.9 290.3 293.9 292.0 306.3 313.9 313.2 314.3 322.9 312.5 16 TOTAL ASSETS (6) 4,596.9 4,782.0 4,799.9 4,848.5 4,886.8 4,951.3 4,943.8 4,949.2 4,963.1 4,945.0 4,978.7 4,962.0 L I A B I L I T I E S 17 Deposits 2,941.0 3,103.9 3,109.3 3,112.6 3,149.2 3,188.7 3,201.2 3,197.1 3,210.3 3,205.7 3,226.9 3,211.6 18 Transaction 691.5 693.0 686.8 678.4 684.9 695.7 693.6 684.5 712.7 661.2 684.7 675.3 19 Nontransaction 2,249.5 2,411.0 2,422.5 2,434.2 2,464.3 2,493.0 2,507.6 2,512.6 2,497.6 2,544.5 2,542.2 2,536.4 20 Large time 566.7 632.2 634.9 642.0 658.3 672.6 669.8 672.1 668.2 684.4 688.1 686.4 21 Other 1,682.8 1,778.7 1,787.6 1,792.1 1,806.1 1,820.4 1,837.8 1,840.5 1,829.4 1,860.1 1,854.1 1,850.0 22 Borrowings 766.0 815.9 821.2 829.2 829.1 859.8 874.8 868.1 866.4 864.0 862.1 866.2 23 From banks in the U.S. 311.7 300.3 304.1 291.3 292.3 307.2 307.8 286.5 279.3 291.7 300.9 291.5 24 From others 454.4 515.7 517.1 537.9 536.7 552.6 567.1 581.7 587.1 572.3 561.1 574.7 25 Net due to related foreign offices 231.3 192.3 202.4 230.6 223.0 201.1 173.9 167.1 162.6 162.0 162.5 163.3 26 Other liabilities 268.9 284.7 283.0 292.7 298.7 293.7 287.1 291.6 293.4 293.7 307.1 294.2 27 TOTAL LIABILITIES 4,207.2 4,396.8 4,416.0 4,465.1 4,499.9 4,543.3 4,537.0 4,523.9 4,532.7 4,525.4 4,558.5 4,535.4 28 Residual (assets less liabilities) (7) 389.7 385.2 383.9 383.4 386.9 408.0 406.7 425.3 430.4 419.6 420.2 426.7 ------------------------------------------------- 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 June 26, 1998 Account 1997 1997 1997 1998 1998 1998 1998 1998 Week ending May Nov Dec Jan Feb Mar Apr May May 27 Jun 3 Jun 10 Jun 17 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 3,903.8 4,077.5 4,101.1 4,156.9 4,178.0 4,209.0 4,212.4 4,229.6 4,222.7 4,251.5 4,241.5 4,247.8 2 Securities in bank credit 1,017.1 1,075.5 1,077.9 1,104.9 1,112.0 1,128.2 1,117.6 1,126.5 1,125.0 1,133.4 1,123.7 1,109.2 3 U.S. government securities 718.8 743.7 744.7 757.1 766.7 782.7 771.1 773.9 771.6 776.4 760.2 743.8 4 Other securities 298.3 331.7 333.2 347.8 345.3 345.5 346.5 352.7 353.4 357.0 363.5 365.4 5 Loans and leases in bank credit (2) 2,886.6 3,002.0 3,023.2 3,052.0 3,066.0 3,080.8 3,094.8 3,103.1 3,097.6 3,118.1 3,117.8 3,138.6 6 Commercial and industrial 817.6 842.8 850.1 859.5 869.1 874.5 877.5 883.9 882.3 889.7 888.6 896.4 7 Real estate 1,174.9 1,231.8 1,232.8 1,233.2 1,242.9 1,252.9 1,260.3 1,263.3 1,262.4 1,267.0 1,267.2 1,266.6 8 Revolving home equity 90.3 97.4 97.9 98.3 97.8 97.3 97.7 98.3 98.5 97.3 97.2 97.4 9 Other 1,084.6 1,134.4 1,134.9 1,135.0 1,145.1 1,155.5 1,162.6 1,165.0 1,163.9 1,169.8 1,170.0 1,169.2 10 Consumer 512.9 509.9 513.6 511.3 502.3 495.6 492.4 490.7 491.3 492.2 490.7 491.2 11 Security (3) 89.2 100.1 99.3 116.4 119.4 117.6 116.9 119.7 117.7 118.8 124.2 131.4 12 Other loans and leases 292.0 317.4 327.4 331.7 332.4 340.2 347.7 345.4 344.0 350.3 347.1 353.1 13 Interbank loans 213.9 209.3 221.2 207.5 202.8 216.2 215.4 197.4 188.9 209.3 215.1 206.4 14 Cash assets (4) 242.3 284.3 282.8 275.4 269.3 269.4 269.4 251.5 269.4 252.9 240.6 254.5 15 Other assets (5) 281.4 291.6 290.2 288.8 295.0 291.9 304.3 313.4 311.9 315.8 320.4 310.0 16 TOTAL ASSETS (6) 4,585.0 4,806.0 4,838.6 4,872.3 4,888.6 4,929.6 4,944.8 4,934.9 4,936.0 4,972.2 4,960.4 4,961.5 L I A B I L I T I E S 17 Deposits 2,926.7 3,122.0 3,141.7 3,118.7 3,136.5 3,179.5 3,200.7 3,180.7 3,184.6 3,228.3 3,220.6 3,214.0 18 Transaction 680.0 703.8 721.0 690.4 678.2 683.4 698.8 672.7 693.7 678.1 669.3 679.9 19 Nontransaction 2,246.7 2,418.3 2,420.6 2,428.3 2,458.3 2,496.1 2,501.9 2,508.0 2,490.9 2,550.1 2,551.3 2,534.1 20 Large time 567.4 637.9 639.4 640.3 657.2 670.1 664.3 672.4 670.1 685.7 689.9 683.9 21 Other 1,679.3 1,780.4 1,781.3 1,788.0 1,801.1 1,826.0 1,837.6 1,835.6 1,820.8 1,864.4 1,861.4 1,850.2 22 Borrowings 770.3 813.4 819.2 835.6 829.7 851.7 874.8 873.6 868.2 866.8 848.6 874.7 23 From banks in the U.S. 313.0 300.6 307.9 294.7 293.3 304.8 307.1 287.6 279.7 292.1 295.7 293.6 24 From others 457.3 512.8 511.3 540.9 536.4 546.9 567.7 586.0 588.5 574.7 552.8 581.1 25 Net due to related foreign offices 236.5 188.4 200.3 231.0 221.1 199.4 173.1 177.4 179.5 171.6 168.7 168.7 26 Other liabilities 268.4 286.3 284.0 292.8 299.9 294.0 286.2 291.1 292.8 293.0 306.5 293.0 27 TOTAL LIABILITIES 4,201.9 4,410.1 4,445.1 4,478.1 4,487.1 4,524.5 4,534.9 4,522.7 4,525.1 4,559.7 4,544.4 4,550.3 28 Residual (assets less liabilities) (7) 383.1 395.8 393.5 394.2 401.5 405.1 409.9 412.1 410.9 412.6 416.0 411.2 MEMO 29 Reval. gains on off-bal. sheet items (8) 82.4 84.2 82.5 93.0 87.5 87.2 83.3 85.3 86.4 88.4 94.3 91.1 30 Reval. losses on off-bal. sheet items (8) 85.5 85.4 85.8 95.5 89.8 89.3 84.4 84.8 86.2 87.1 93.0 87.6 ------------------------------------------------- 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 June 26, 1998 Account 1997 1997 1997 1998 1998 1998 1998 1998 Week ending May Nov Dec Jan Feb Mar Apr May May 27 Jun 3 Jun 10 Jun 17 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 3,373.1 3,521.3 3,547.3 3,580.9 3,612.1 3,652.8 3,649.7 3,670.3 3,674.6 3,678.1 3,675.3 3,678.9 2 Securities in bank credit 843.2 883.6 895.5 911.3 915.6 929.6 915.2 927.8 931.4 927.1 923.4 916.0 3 U.S. government securities 631.8 663.0 670.5 679.2 684.0 691.9 674.8 681.4 681.5 679.1 670.6 660.9 4 Other securities 211.4 220.6 225.1 232.1 231.6 237.7 240.4 246.5 249.8 247.9 252.8 255.1 5 Loans and leases in bank credit (2) 2,529.9 2,637.7 2,651.7 2,669.6 2,696.4 2,723.2 2,734.5 2,742.5 2,743.2 2,751.0 2,751.9 2,762.9 6 Commercial and industrial 591.2 622.7 630.6 638.6 646.7 650.7 655.6 664.9 667.8 670.7 673.9 676.2 7 Real estate 1,149.4 1,199.0 1,203.4 1,206.6 1,222.3 1,234.7 1,243.1 1,246.5 1,246.2 1,247.9 1,245.2 1,247.6 8 Revolving home equity 90.6 96.7 97.6 98.0 98.2 98.4 98.6 98.7 98.8 97.7 97.8 97.8 9 Other 1,058.9 1,102.3 1,105.8 1,108.6 1,124.1 1,136.4 1,144.5 1,147.8 1,147.4 1,150.2 1,147.4 1,149.8 10 Consumer 517.9 507.3 507.2 504.5 502.8 502.1 497.3 495.8 496.4 496.3 494.4 494.0 11 Security (3) 45.9 57.6 53.0 61.4 63.1 68.0 63.8 62.0 61.0 62.2 62.8 67.7 12 Other loans and leases 225.4 251.2 257.5 258.6 261.7 267.7 274.8 273.3 271.8 273.9 275.6 277.4 13 Interbank loans 197.8 180.3 180.5 172.6 175.0 195.8 192.4 181.2 177.5 185.0 188.8 185.1 14 Cash assets (4) 212.3 239.4 230.1 231.6 236.5 246.9 238.8 221.4 235.3 204.2 224.9 218.6 15 Other assets (5) 242.8 245.3 247.6 249.7 251.5 249.1 263.5 272.1 273.1 273.0 280.5 273.6 16 TOTAL ASSETS (6) 3,969.7 4,129.9 4,149.0 4,178.5 4,218.6 4,287.9 4,287.6 4,288.0 4,303.7 4,283.5 4,312.5 4,299.2 L I A B I L I T I E S 17 Deposits 2,693.7 2,831.1 2,836.8 2,839.1 2,864.4 2,899.8 2,909.1 2,902.8 2,920.1 2,904.3 2,921.6 2,909.7 18 Transaction 680.8 682.7 677.0 668.2 674.8 685.1 682.6 673.9 700.6 651.4 674.9 665.4 19 Nontransaction 2,013.0 2,148.4 2,159.8 2,170.8 2,189.7 2,214.7 2,226.5 2,228.9 2,219.6 2,253.0 2,246.7 2,244.3 20 Large time 331.9 373.0 375.0 380.5 385.4 396.0 389.6 388.3 389.7 391.9 391.7 393.4 21 Other 1,681.1 1,775.4 1,784.8 1,790.3 1,804.3 1,818.7 1,836.9 1,840.6 1,829.9 1,861.0 1,855.0 1,850.9 22 Borrowings 624.3 659.6 671.7 679.4 684.3 705.9 705.8 699.7 700.0 695.3 696.2 694.7 23 From banks in the U.S. 279.3 271.3 278.3 267.7 269.6 281.3 281.1 262.4 256.6 263.4 271.9 259.7 24 From others 345.0 388.4 393.5 411.7 414.7 424.6 424.8 437.4 443.4 431.9 424.3 435.0 25 Net due to related foreign offices 87.9 75.2 80.8 91.0 88.3 82.6 75.5 70.0 65.3 65.1 66.6 67.6 26 Other liabilities 177.7 188.7 187.5 196.2 201.1 199.5 196.9 198.1 201.4 199.5 210.2 202.7 27 TOTAL LIABILITIES 3,583.6 3,754.6 3,776.8 3,805.8 3,838.0 3,887.8 3,887.4 3,870.7 3,886.8 3,864.2 3,894.6 3,874.7 28 Residual (assets less liabilities) (7) 386.1 375.3 372.2 372.8 380.6 400.1 400.3 417.3 416.9 419.3 417.9 424.5 ------------------------------------------------- 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 June 26, 1998 Account 1997 1997 1997 1998 1998 1998 1998 1998 Week ending May Nov Dec Jan Feb Mar Apr May May 27 Jun 3 Jun 10 Jun 17 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 3,368.5 3,534.2 3,558.0 3,591.3 3,610.0 3,643.5 3,654.6 3,663.6 3,657.0 3,679.9 3,675.0 3,678.3 2 Securities in bank credit 845.0 886.7 894.5 917.1 922.1 932.9 924.4 928.5 926.1 930.0 926.5 914.0 3 U.S. government securities 635.8 663.4 668.7 677.8 683.7 694.5 684.6 685.3 682.4 684.6 675.8 662.9 4 Other securities 209.2 223.3 225.8 239.3 238.4 238.4 239.9 243.3 243.7 245.4 250.7 251.1 5 Loans and leases in bank credit (2) 2,523.5 2,647.4 2,663.5 2,674.2 2,687.9 2,710.6 2,730.2 2,735.1 2,730.9 2,749.9 2,748.5 2,764.3 6 Commercial and industrial 596.8 621.6 627.9 635.4 645.4 653.6 663.1 671.0 671.3 675.5 675.1 679.4 7 Real estate 1,144.3 1,204.9 1,206.7 1,206.6 1,216.7 1,228.2 1,236.9 1,240.3 1,239.4 1,244.3 1,244.5 1,243.7 8 Revolving home equity 90.3 97.4 97.9 98.3 97.8 97.3 97.7 98.3 98.5 97.3 97.2 97.4 9 Other 1,054.0 1,107.5 1,108.8 1,108.4 1,119.0 1,130.8 1,139.2 1,142.0 1,141.0 1,147.0 1,147.2 1,146.3 10 Consumer 512.9 509.9 513.6 511.3 502.3 495.6 492.4 490.7 491.3 492.2 490.7 491.2 11 Security (3) 46.0 58.6 54.3 61.5 64.4 68.1 65.9 62.0 59.7 61.9 64.2 71.2 12 Other loans and leases 223.5 252.4 260.9 259.4 259.0 265.2 272.0 271.0 269.1 276.0 274.0 278.7 13 Interbank loans 193.9 185.6 189.9 179.5 178.0 195.4 195.2 176.8 169.6 187.9 188.4 184.6 14 Cash assets (4) 208.6 248.6 247.7 242.6 237.3 236.4 235.8 217.3 235.2 217.5 204.9 218.9 15 Other assets (5) 241.9 245.7 247.1 247.7 251.1 249.0 263.8 271.1 271.4 274.1 277.9 272.1 16 TOTAL ASSETS (6) 3,956.8 4,157.6 4,186.2 4,205.0 4,220.0 4,267.7 4,292.9 4,272.0 4,276.6 4,302.3 4,289.2 4,296.9 L I A B I L I T I E S 17 Deposits 2,677.3 2,849.7 2,866.1 2,847.1 2,853.9 2,889.4 2,910.2 2,883.6 2,889.2 2,922.8 2,911.6 2,910.9 18 Transaction 669.6 693.6 710.7 680.3 668.3 672.9 688.1 662.4 681.7 668.3 659.9 670.1 19 Nontransaction 2,007.7 2,156.2 2,155.3 2,166.8 2,185.6 2,216.5 2,222.0 2,221.2 2,207.5 2,254.5 2,251.7 2,240.8 20 Large time 330.9 377.4 375.2 379.8 385.8 391.5 385.4 386.6 387.6 391.0 391.3 391.6 21 Other 1,676.7 1,778.8 1,780.1 1,787.0 1,799.9 1,825.0 1,836.7 1,834.6 1,819.8 1,863.5 1,860.5 1,849.2 22 Borrowings 628.6 657.1 669.7 685.9 684.9 697.7 705.8 705.2 701.8 698.2 682.7 703.2 23 From banks in the U.S. 280.6 271.6 282.0 271.2 270.6 278.8 280.4 263.5 257.0 263.8 266.7 261.9 24 From others 347.9 385.5 387.6 414.7 414.3 418.9 425.4 441.7 444.7 434.3 416.0 441.4 25 Net due to related foreign offices 92.3 70.6 73.8 86.5 85.1 81.8 76.3 79.4 80.4 75.7 75.0 75.0 26 Other liabilities 177.7 188.7 187.5 196.2 201.1 199.5 196.9 198.1 201.4 199.5 210.2 202.7 27 TOTAL LIABILITIES 3,575.9 3,766.2 3,796.9 3,815.7 3,825.0 3,868.4 3,889.2 3,866.4 3,872.7 3,896.2 3,879.5 3,891.8 28 Residual (assets less liabilities) (7) 380.9 391.5 389.2 389.3 395.1 399.3 403.7 405.6 403.9 406.1 409.7 405.1 MEMO 29 Reval. gains on off-bal. sheet items (8) 42.0 41.3 41.1 49.8 47.0 47.2 43.9 45.6 46.0 47.5 52.2 49.8 30 Reval. losses on off-bal. sheet items (8) 43.4 43.4 44.0 52.6 49.2 49.6 45.3 46.3 46.8 47.7 52.0 47.8 31 Mortgage-backed securities (9) 252.0 275.1 281.0 289.7 293.8 299.5 293.4 294.7 291.5 292.5 286.8 284.3 ------------------------------------------------- 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 June 26, 1998 Account 1997 1997 1997 1998 1998 1998 1998 1998 Week ending May Nov Dec Jan Feb Mar Apr May May 27 Jun 3 Jun 10 Jun 17 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 2,026.6 2,094.7 2,109.1 2,139.5 2,165.2 2,200.7 2,193.3 2,206.1 2,207.9 2,209.8 2,207.1 2,208.5 2 Securities in bank credit 444.6 473.8 482.7 501.0 506.9 518.7 505.8 514.8 517.3 514.3 510.7 506.4 3 U.S. government securities 315.7 337.8 343.1 354.2 360.7 368.8 355.6 359.1 358.3 358.0 349.6 343.2 3a Trading account 19.4 26.7 27.4 29.1 28.0 27.5 23.7 25.7 27.5 31.2 30.8 25.0 3b Investment account 296.3 311.2 315.7 325.1 332.8 341.4 331.8 333.5 330.8 326.8 318.8 318.2 4 Other securities 128.9 135.9 139.6 146.8 146.2 149.8 150.2 155.6 159.0 156.2 161.1 163.3 4a Trading account 63.2 63.5 63.4 69.5 67.5 70.9 69.4 74.4 77.9 74.0 78.7 80.2 4b Investment account 65.7 72.5 76.2 77.3 78.7 78.9 80.9 81.3 81.0 82.3 82.4 83.0 4c State and local government 21.4 22.3 22.1 22.5 22.7 22.8 23.0 22.8 22.7 22.5 22.4 22.2 4d Other 44.4 50.2 54.1 54.8 56.0 56.2 57.9 58.5 58.3 59.7 60.0 60.8 5 Loans and leases in bank credit (2) 1,582.0 1,620.9 1,626.4 1,638.5 1,658.2 1,682.1 1,687.5 1,691.4 1,690.6 1,695.5 1,696.3 1,702.0 6 Commercial and industrial 420.0 438.9 445.8 452.1 458.6 462.4 465.6 472.8 475.0 477.8 480.9 482.4 6a Bankers acceptances 1.6 1.3 1.2 1.2 1.2 1.3 1.2 1.2 1.3 1.2 1.2 1.2 6b Other 418.4 437.6 444.5 450.8 457.4 461.2 464.4 471.5 473.7 476.6 479.6 481.2 7 Real estate 648.9 651.1 650.2 647.7 658.2 668.1 671.9 672.9 671.5 672.5 669.2 667.9 8 Revolving home equity 64.0 67.5 68.1 68.6 68.6 68.9 69.3 69.2 69.2 68.0 68.1 68.0 9 Other 584.9 583.6 582.1 579.1 589.6 599.2 602.6 603.7 602.3 604.5 601.1 599.9 10 Consumer 308.7 296.4 294.9 293.8 292.4 294.0 291.2 289.3 289.6 289.8 288.8 287.1 11 Security (3) 41.6 52.1 47.3 55.8 57.3 61.8 57.4 56.0 55.3 55.8 56.4 61.5 11a Fed funds and RPs with broker/dealer 24.2 35.7 30.9 39.4 41.1 43.7 39.7 37.5 37.7 37.9 37.7 43.1 11b Other 17.5 16.4 16.4 16.4 16.2 18.0 17.7 18.5 17.6 17.9 18.7 18.4 12a State and local government 11.2 10.9 10.8 10.6 10.7 10.5 10.5 10.6 10.5 10.5 10.4 10.6 12b Agricultural 9.4 9.6 9.6 9.5 9.5 9.5 9.6 9.6 9.6 9.6 9.6 9.7 12c Fed funds and RPs with others 6.0 8.9 11.1 7.7 6.1 7.1 7.1 5.9 5.3 4.7 4.9 6.0 12d All other loans 64.8 73.5 75.1 77.1 80.2 81.4 83.8 81.8 81.0 81.7 82.7 83.4 12e Lease financing receivables 71.3 79.7 81.6 84.2 85.3 87.3 90.3 92.5 92.8 93.1 93.4 93.6 13 Interbank loans 151.9 124.5 124.4 116.3 117.7 130.7 125.9 114.4 110.6 114.3 121.8 114.8 13a Fed funds and RPs with banks 97.2 81.9 82.2 76.3 68.9 80.4 74.4 63.3 59.5 62.4 70.3 63.8 13b Other 54.7 42.6 42.2 39.9 48.8 50.3 51.5 51.1 51.1 51.9 51.5 51.1 14 Cash assets (4) 147.6 166.8 158.5 159.6 163.7 173.3 164.2 146.8 157.5 132.9 149.1 146.9 15 Other assets (5) 188.9 180.7 184.7 186.1 186.5 184.6 194.8 200.7 199.9 200.8 203.2 200.2 16 TOTAL ASSETS (6) 2,477.7 2,530.0 2,540.0 2,564.7 2,596.3 2,652.3 2,641.3 2,631.0 2,639.1 2,621.0 2,644.1 2,633.4 ------------------------------------------------- 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) June 26, 1998 Account 1997 1997 1997 1998 1998 1998 1998 1998 Week ending May Nov Dec Jan Feb Mar Apr May May 27 Jun 3 Jun 10 Jun 17 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- L I A B I L I T I E S 17 Deposits 1,507.3 1,553.6 1,553.9 1,552.7 1,571.8 1,599.6 1,601.7 1,587.5 1,595.3 1,582.0 1,595.2 1,582.4 18 Transaction 387.7 382.7 378.7 371.2 375.5 383.0 381.4 373.4 390.4 356.6 375.5 367.6 19 Nontransaction 1,119.6 1,170.9 1,175.2 1,181.5 1,196.3 1,216.6 1,220.2 1,214.1 1,204.9 1,225.5 1,219.7 1,214.9 20 Large time 178.3 205.7 207.3 212.1 214.9 225.0 217.6 214.5 213.1 214.9 214.6 216.4 21 Other 941.3 965.2 967.9 969.4 981.5 991.6 1,002.6 999.6 991.8 1,010.5 1,005.2 998.5 22 Borrowings 475.8 505.5 513.8 521.2 525.1 544.5 542.3 534.3 532.5 528.9 528.2 528.9 23 From banks in the U.S. 200.9 200.6 205.8 195.3 197.0 208.9 208.1 188.5 182.8 188.1 196.1 185.2 24 From others 274.9 304.9 308.0 326.0 328.1 335.5 334.3 345.8 349.8 340.8 332.2 343.7 25 Net due to related foreign offices 83.7 70.2 76.5 86.8 82.1 78.5 72.1 66.3 61.0 61.3 62.8 63.7 26 Other liabilities 152.4 159.9 158.4 167.4 171.7 169.1 166.0 166.9 170.8 168.4 178.8 172.4 27 TOTAL LIABILITIES 2,219.2 2,289.2 2,302.5 2,328.1 2,350.7 2,391.6 2,382.0 2,354.9 2,359.7 2,340.6 2,365.1 2,347.4 28 Residual (assets less liabilities) (7) 258.5 240.8 237.5 236.6 245.6 260.7 259.3 276.1 279.4 280.4 279.1 286.0 ------------------------------------------------- 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 June 26, 1998 Account 1997 1997 1997 1998 1998 1998 1998 1998 Week ending May Nov Dec Jan Feb Mar Apr May May 27 Jun 3 Jun 10 Jun 17 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 2,015.4 2,108.2 2,119.2 2,155.1 2,171.7 2,195.2 2,192.5 2,192.4 2,183.6 2,206.2 2,199.5 2,203.7 2 Securities in bank credit 442.3 480.0 483.5 508.4 515.5 520.6 509.4 511.3 508.2 514.1 509.6 501.0 3 U.S. government securities 316.4 341.0 342.9 354.3 362.5 370.2 360.2 359.8 356.4 361.1 351.3 342.2 3a Trading account 18.9 28.0 27.0 28.2 28.4 28.3 23.9 24.9 25.3 31.8 31.1 24.3 3b Investment account 297.5 313.0 315.9 326.1 334.1 341.9 336.4 335.0 331.0 329.3 320.2 317.9 3c Mortgage-backed 189.9 207.1 211.9 220.3 222.8 227.4 221.0 220.6 218.0 218.2 212.7 210.2 3d Other 107.6 105.9 104.0 105.8 111.2 114.5 115.4 114.4 113.0 111.1 107.5 107.7 3e 1 year or less 28.9 29.4 28.1 27.1 29.1 29.8 31.0 29.6 28.1 26.8 28.4 30.7 3f Between 1 and 5 years 59.2 53.6 53.3 52.2 51.3 51.2 50.5 49.1 47.7 46.9 45.6 44.9 3g More than 5 years 19.4 22.9 22.6 26.5 30.9 33.5 33.8 35.7 37.2 37.5 33.5 32.0 4 Other securities 125.8 139.0 140.6 154.2 153.0 150.3 149.2 151.5 151.8 153.0 158.4 158.8 4a Trading account 60.6 65.7 63.7 76.2 74.2 71.4 69.0 70.9 71.5 70.9 76.2 75.7 4b Investment account 65.2 73.3 77.0 78.0 78.8 79.0 80.2 80.6 80.3 82.1 82.2 83.0 4c State and local government 21.4 22.3 22.2 22.5 22.7 22.7 22.9 22.7 22.8 22.6 22.5 22.4 4d Other 43.9 51.0 54.8 55.5 56.1 56.3 57.3 57.9 57.5 59.5 59.7 60.6 5 Loans and leases in bank credit (2) 1,573.1 1,628.1 1,635.6 1,646.7 1,656.2 1,674.6 1,683.0 1,681.1 1,675.5 1,692.1 1,689.9 1,702.8 6 Commercial and industrial 423.1 439.0 443.7 449.7 457.8 464.3 470.7 476.3 476.2 480.4 480.2 483.9 6a Bankers acceptances 1.6 1.4 1.3 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 6b Other 421.6 437.6 442.4 448.5 456.6 463.1 469.5 475.1 475.0 479.2 478.9 482.7 7 Real estate 642.3 655.0 652.6 650.8 656.5 663.8 666.0 665.1 662.7 667.5 666.4 664.3 8 Revolving home equity 63.6 68.2 68.4 68.9 68.3 68.0 68.2 68.7 68.8 67.6 67.6 67.7 9a Other residential 358.7 361.1 358.3 357.7 362.7 370.4 371.3 369.1 366.2 372.5 373.2 371.1 9b Commercial 220.0 225.8 226.0 224.2 225.5 225.4 226.5 227.3 227.7 227.4 225.7 225.5 10 Consumer 304.9 297.3 298.9 298.8 292.1 289.5 287.3 285.4 286.1 287.4 286.6 286.0 11 Security (3) 41.7 53.1 48.6 55.9 58.6 61.9 59.5 56.1 53.9 55.5 57.9 65.0 11a Fed funds and RPs with broker/dealer 24.2 36.6 31.3 39.5 42.4 43.9 41.6 37.5 36.0 37.6 39.6 45.8 11b Other 17.5 16.5 17.3 16.5 16.3 18.0 17.9 18.6 18.0 17.9 18.3 19.2 12a State and local government 11.1 11.0 10.9 10.6 10.7 10.5 10.4 10.5 10.4 10.5 10.3 10.6 12b Agricultural 9.3 9.6 9.6 9.4 9.1 9.2 9.3 9.5 9.5 9.6 9.6 9.7 12c Fed funds and RPs with others 6.0 8.9 11.1 7.7 6.1 7.1 7.1 5.9 5.3 4.7 4.9 6.0 12d All other loans 63.8 74.6 78.4 77.8 78.7 80.4 82.8 80.5 79.1 83.9 81.1 84.1 12e Lease financing receivables 70.9 79.7 81.8 86.0 86.6 87.9 90.0 91.8 92.1 92.6 92.9 93.1 13 Interbank loans 150.9 126.5 129.8 121.6 116.7 126.4 126.6 113.7 110.1 116.9 119.2 117.7 13a Fed funds and RPs with banks 96.8 83.6 86.3 80.3 68.1 77.1 75.5 63.0 58.6 64.5 67.4 65.7 13b Other 54.2 42.9 43.4 41.4 48.6 49.4 51.1 50.8 51.6 52.5 51.8 52.0 14 Cash assets (4) 144.0 173.5 172.5 169.4 164.6 164.5 161.8 142.8 156.4 141.1 132.8 147.1 15 Other assets (5) 188.9 180.7 184.7 186.1 186.5 184.6 194.8 200.7 199.9 200.8 203.2 200.2 16 TOTAL ASSETS (6) 2,462.1 2,551.9 2,569.4 2,595.8 2,602.8 2,633.8 2,639.1 2,612.9 2,613.6 2,628.1 2,617.7 2,631.8 ------------------------------------------------- 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) June 26, 1998 Account 1997 1997 1997 1998 1998 1998 1998 1998 Week ending May Nov Dec Jan Feb Mar Apr May May 27 Jun 3 Jun 10 Jun 17 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- L I A B I L I T I E S 17 Deposits 1,490.4 1,565.7 1,575.4 1,562.1 1,564.3 1,587.6 1,594.4 1,567.8 1,568.7 1,590.8 1,583.3 1,585.5 18 Transaction 379.0 389.2 401.8 380.8 372.4 373.9 383.4 364.0 377.1 366.0 361.4 372.2 19 Nontransaction 1,111.4 1,176.6 1,173.5 1,181.3 1,191.9 1,213.8 1,211.0 1,203.8 1,191.6 1,224.8 1,222.0 1,213.3 20 Large time 177.3 210.2 207.5 211.5 215.2 220.4 213.4 212.7 211.1 214.0 214.2 214.6 21 Other 934.1 966.4 966.0 969.8 976.7 993.3 997.6 991.1 980.5 1,010.8 1,007.8 998.7 22 Borrowings 479.5 503.4 511.0 526.7 527.5 539.5 544.1 539.4 534.4 533.7 519.3 537.8 23 From banks in the U.S. 201.4 201.8 209.4 198.3 198.7 207.6 207.7 188.9 182.6 188.9 192.5 187.3 24 From others 278.0 301.6 301.6 328.5 328.8 331.9 336.4 350.5 351.8 344.8 326.8 350.5 25 Net due to related foreign offices 88.1 65.6 69.5 82.3 79.0 77.7 72.8 75.6 76.2 71.9 71.1 71.1 26 Other liabilities 152.4 159.9 158.4 167.4 171.7 169.1 166.0 166.9 170.8 168.4 178.8 172.4 27 TOTAL LIABILITIES 2,210.3 2,294.7 2,314.2 2,338.6 2,342.5 2,373.9 2,377.3 2,349.7 2,350.0 2,364.7 2,352.5 2,366.8 28 Residual (assets less liabilities) (7) 251.8 257.2 255.2 257.2 260.3 259.9 261.8 263.1 263.5 263.4 265.2 265.0 MEMO 29 Reval. gains on off-bal. sheet items (8) 42.0 41.3 41.1 49.8 47.0 47.2 43.9 45.6 46.0 47.5 52.2 49.8 30 Reval. losses on off-bal. sheet items (8) 43.4 43.4 44.0 52.6 49.2 49.6 45.3 46.3 46.8 47.7 52.0 47.8 31 Mortgage-backed securities (9) 209.3 225.1 229.9 238.6 242.3 247.4 240.8 241.4 238.7 239.2 233.5 231.5 31a Pass-through 142.6 154.4 157.5 162.8 164.9 169.4 164.8 164.1 161.8 162.0 156.5 155.2 31b CMO, REMIC, and other 66.7 70.7 72.4 75.8 77.4 77.9 76.0 77.3 76.9 77.2 77.0 76.3 32 Net unrealized gains (losses) on -0.1 2.3 2.1 3.0 3.3 2.9 3.0 2.8 2.7 3.4 3.2 3.2 available-for-sale securities (10) 33 Offshore credit to U.S. residents (11) 33.6 34.4 34.2 35.5 36.2 35.2 35.5 36.0 35.7 36.6 36.2 36.2 ------------------------------------------------- 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 June 26, 1998 Account 1997 1997 1997 1998 1998 1998 1998 1998 Week ending May Nov Dec Jan Feb Mar Apr May May 27 Jun 3 Jun 10 Jun 17 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 1,346.5 1,426.6 1,438.1 1,441.4 1,446.9 1,452.0 1,456.5 1,464.2 1,466.7 1,468.3 1,468.2 1,470.4 2 Securities in bank credit 398.6 409.8 412.8 410.3 408.7 410.9 409.4 413.1 414.1 412.8 412.7 409.5 3 U.S. government securities 316.1 325.2 327.4 325.0 323.3 323.1 319.3 322.2 323.2 321.1 321.0 317.7 4 Other securities 82.6 84.6 85.5 85.3 85.4 87.8 90.2 90.8 90.9 91.7 91.7 91.8 5 Loans and leases in bank credit (2) 947.9 1,016.8 1,025.3 1,031.1 1,038.2 1,041.1 1,047.0 1,051.1 1,052.6 1,055.5 1,055.5 1,060.8 6 Commercial and industrial 171.2 183.8 184.8 186.5 188.0 188.3 190.0 192.1 192.8 192.9 193.0 193.8 7 Real estate 500.6 547.9 553.2 558.9 564.1 566.6 571.2 573.6 574.7 575.5 576.0 579.7 8 Revolving home equity 26.6 29.2 29.6 29.5 29.6 29.5 29.3 29.5 29.6 29.7 29.7 29.8 9 Other 474.0 518.7 523.7 529.4 534.5 537.2 541.9 544.1 545.1 545.7 546.3 549.9 10 Consumer 209.2 210.9 212.3 210.7 210.3 208.0 206.0 206.6 206.8 206.4 205.6 207.0 11 Security (3) 4.3 5.5 5.7 5.6 5.8 6.2 6.3 5.9 5.7 6.4 6.4 6.2 12 Other loans and leases 62.6 68.7 69.3 69.5 69.9 71.9 73.4 72.9 72.6 74.3 74.6 74.2 13 Interbank loans 46.0 55.8 56.0 56.4 57.3 65.1 66.5 66.8 66.8 70.8 67.0 70.2 14 Cash assets (4) 64.7 72.6 71.6 72.0 72.8 73.6 74.6 74.5 77.8 71.3 75.8 71.8 15 Other assets (5) 53.9 64.6 62.9 63.6 65.0 64.5 68.6 71.4 73.3 72.2 77.3 73.4 16 TOTAL ASSETS (6) 1,492.1 1,599.9 1,608.9 1,613.8 1,622.3 1,635.6 1,646.3 1,657.0 1,664.6 1,662.5 1,668.4 1,665.7 L I A B I L I T I E S 17 Deposits 1,186.4 1,277.5 1,282.9 1,286.4 1,292.6 1,300.2 1,307.4 1,315.3 1,324.8 1,322.3 1,326.4 1,327.3 18 Transaction 293.0 300.1 298.3 297.1 299.2 302.1 301.1 300.5 310.1 294.8 299.4 297.8 19 Nontransaction 893.4 977.4 984.6 989.4 993.3 998.1 1,006.3 1,014.8 1,014.7 1,027.5 1,026.9 1,029.5 20 Large time 153.6 167.2 167.7 168.4 170.5 171.0 172.0 173.9 176.6 177.0 177.1 177.0 21 Other 739.8 810.2 816.9 821.0 822.8 827.1 834.3 840.9 838.1 850.5 849.8 852.4 22 Borrowings 148.5 154.2 157.9 158.2 159.2 161.4 163.5 165.4 167.5 166.4 167.9 165.9 23 From banks in the U.S. 78.4 70.7 72.5 72.4 72.6 72.4 73.0 73.9 73.8 75.3 75.8 74.5 24 From others 70.1 83.5 85.4 85.8 86.6 89.0 90.5 91.5 93.6 91.1 92.1 91.4 25 Net due to related foreign offices 4.2 5.0 4.3 4.2 6.1 4.1 3.5 3.8 4.2 3.8 3.9 3.9 26 Other liabilities 25.3 28.8 29.1 28.8 29.4 30.5 31.0 31.2 30.5 31.2 31.4 30.2 27 TOTAL LIABILITIES 1,364.5 1,465.4 1,474.2 1,477.6 1,487.3 1,496.1 1,505.3 1,515.8 1,527.1 1,523.6 1,529.6 1,527.3 28 Residual (assets less liabilities) (7) 127.6 134.5 134.7 136.2 135.1 139.5 140.9 141.2 137.5 138.8 138.8 138.5 ------------------------------------------------- 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 June 26, 1998 Account 1997 1997 1997 1998 1998 1998 1998 1998 Week ending May Nov Dec Jan Feb Mar Apr May May 27 Jun 3 Jun 10 Jun 17 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 1,353.2 1,426.0 1,438.8 1,436.2 1,438.3 1,448.3 1,462.1 1,471.2 1,473.4 1,473.6 1,475.5 1,474.5 2 Securities in bank credit 402.8 406.7 411.0 408.7 406.6 412.3 415.0 417.2 417.9 415.8 416.9 413.0 3 U.S. government securities 319.4 322.4 325.8 323.6 321.2 324.2 324.3 325.5 326.0 323.5 324.5 320.7 4 Other securities 83.4 84.3 85.1 85.1 85.4 88.1 90.6 91.7 91.9 92.4 92.3 92.3 5 Loans and leases in bank credit (2) 950.4 1,019.3 1,027.8 1,027.5 1,031.7 1,036.0 1,047.1 1,054.0 1,055.4 1,057.8 1,058.6 1,061.5 6 Commercial and industrial 173.6 182.6 184.2 185.7 187.7 189.2 192.4 194.7 195.1 195.1 194.9 195.5 7 Real estate 502.0 549.9 554.1 555.9 560.3 564.3 570.9 575.2 576.8 576.8 578.0 579.4 8 Revolving home equity 26.7 29.3 29.5 29.4 29.5 29.4 29.5 29.6 29.7 29.7 29.7 29.7 9 Other 475.3 520.6 524.6 526.5 530.8 534.9 541.4 545.6 547.1 547.1 548.4 549.7 10 Consumer 207.9 212.6 214.7 212.4 210.2 206.1 205.1 205.3 205.2 204.8 204.1 205.3 11 Security (3) 4.3 5.5 5.7 5.6 5.8 6.2 6.3 5.9 5.7 6.4 6.4 6.2 12 Other loans and leases 62.5 68.7 69.1 67.9 67.8 70.1 72.4 72.8 72.7 74.7 75.2 75.1 13 Interbank loans 43.0 59.2 60.1 57.8 61.3 68.9 68.6 63.0 59.5 71.0 69.2 66.9 14 Cash assets (4) 64.6 75.1 75.2 73.2 72.6 71.9 74.0 74.4 78.7 76.4 72.0 71.8 15 Other assets (5) 53.0 65.1 62.5 61.6 64.6 64.4 69.0 70.4 71.6 73.3 74.7 71.9 16 TOTAL ASSETS (6) 1,494.7 1,605.7 1,616.8 1,609.3 1,617.3 1,633.9 1,653.8 1,659.1 1,663.1 1,674.2 1,671.5 1,665.0 L I A B I L I T I E S 17 Deposits 1,186.9 1,284.0 1,290.7 1,285.0 1,289.6 1,301.7 1,315.8 1,315.8 1,320.5 1,332.0 1,328.3 1,325.4 18 Transaction 290.7 304.4 308.9 299.4 295.9 299.0 304.7 298.4 304.6 302.3 298.5 297.9 19 Nontransaction 896.3 979.6 981.8 985.6 993.7 1,002.7 1,011.0 1,017.4 1,015.9 1,029.7 1,029.8 1,027.5 20 Large time 153.6 167.2 167.7 168.4 170.5 171.0 172.0 173.9 176.6 177.0 177.1 177.0 21 Other 742.7 812.4 814.1 817.2 823.2 831.7 839.1 843.5 839.3 852.7 852.7 850.5 22 Borrowings 149.1 153.7 158.6 159.1 157.4 158.2 161.7 165.8 167.4 164.5 163.4 165.4 23 From banks in the U.S. 79.2 69.8 72.6 72.9 71.8 71.2 72.7 74.6 74.4 74.9 74.2 74.6 24 From others 69.9 84.0 86.0 86.2 85.5 87.0 89.0 91.2 93.0 89.6 89.2 90.8 25 Net due to related foreign offices 4.2 5.0 4.3 4.2 6.1 4.1 3.5 3.8 4.2 3.8 3.9 3.9 26 Other liabilities 25.3 28.8 29.1 28.8 29.4 30.5 31.0 31.2 30.5 31.2 31.4 30.2 27 TOTAL LIABILITIES 1,365.6 1,471.5 1,482.8 1,477.2 1,482.5 1,494.5 1,511.8 1,516.7 1,522.7 1,531.5 1,526.9 1,524.9 28 Residual (assets less liabilities) (7) 129.1 134.2 134.1 132.1 134.8 139.4 141.9 142.4 140.4 142.8 144.5 140.1 MEMO 29 Mortgage-backed securities (9) 42.7 49.9 51.1 51.1 51.5 52.1 52.6 53.3 52.9 53.3 53.2 52.8 ------------------------------------------------- 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 June 26, 1998 Account 1997 1997 1997 1998 1998 1998 1998 1998 Week ending May Nov Dec Jan Feb Mar Apr May May 27 Jun 3 Jun 10 Jun 17 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 534.3 548.5 544.0 568.7 568.6 565.9 558.1 564.4 565.9 564.7 562.2 567.7 2 Securities in bank credit 168.8 192.3 187.2 193.1 193.0 197.3 191.7 194.1 196.2 196.7 192.0 193.3 3 U.S. government securities 82.7 79.2 76.3 81.2 83.8 87.5 87.9 88.0 89.5 90.1 83.3 81.2 4 Other securities 86.2 113.1 110.9 111.9 109.2 109.8 103.8 106.2 106.6 106.5 108.6 112.1 5 Loans and leases in bank credit (2) 365.5 356.2 356.8 375.6 375.6 368.5 366.3 370.2 369.8 368.0 370.2 374.5 6 Commercial and industrial 221.3 221.4 221.3 223.2 222.5 220.3 214.3 213.5 212.4 214.0 214.1 217.2 7 Real estate 30.7 26.6 25.9 26.5 25.9 24.7 23.7 23.1 23.1 22.9 22.9 23.0 11 Security (3) 43.8 41.7 43.8 54.8 54.8 48.8 51.6 58.1 58.3 57.3 60.4 60.0 12 Other loans and leases 69.6 66.4 65.8 71.0 72.4 74.7 76.7 75.5 76.0 73.8 72.9 74.2 13 Interbank loans 20.0 23.7 31.3 28.0 24.8 20.9 20.2 20.7 19.3 21.4 26.7 21.8 14 Cash assets (4) 34.0 34.9 33.5 32.9 32.6 34.1 35.3 34.6 34.3 34.3 35.1 34.6 15 Other assets (5) 39.1 45.2 42.3 40.6 42.4 42.9 42.8 41.8 40.1 41.3 42.4 39.0 16 TOTAL ASSETS (6) 627.2 652.1 650.9 670.0 668.2 663.4 656.2 661.2 659.4 661.5 666.2 662.9 L I A B I L I T I E S 17 Deposits 247.2 272.8 272.5 273.5 284.8 288.9 292.2 294.3 290.2 301.4 305.3 301.9 18 Transaction 10.7 10.3 9.8 10.2 10.1 10.6 11.0 10.6 12.2 9.8 9.8 9.9 19 Nontransaction 236.5 262.6 262.7 263.3 274.7 278.3 281.1 283.7 278.1 291.6 295.5 292.1 20 Large time 234.8 259.3 259.9 261.5 272.9 276.6 280.2 283.7 278.5 292.5 296.4 293.0 21 Other 1.7 3.3 2.8 1.8 1.8 1.7 0.9 -0.0 -0.5 -0.9 -0.9 -0.9 22 Borrowings 141.7 156.3 149.5 149.7 144.8 154.0 169.0 168.4 166.4 168.7 165.9 171.4 23 From banks in the U.S. 32.4 29.0 25.9 23.6 22.7 25.9 26.7 24.1 22.7 28.3 29.0 31.7 24 From others 109.3 127.3 123.6 126.2 122.1 128.1 142.3 144.3 143.7 140.4 136.8 139.7 25 Net due to related foreign offices 143.4 117.1 121.7 139.6 134.7 118.4 98.3 97.1 97.3 96.9 95.8 95.7 26 Other liabilities 91.2 96.0 95.5 96.5 97.6 94.2 90.2 93.5 92.0 94.2 96.8 91.5 27 TOTAL LIABILITIES 623.5 642.2 639.2 659.4 661.9 655.5 649.7 653.2 645.9 661.2 663.9 660.6 28 Residual (assets less liabilities) (7) 3.6 9.9 11.7 10.6 6.3 7.9 6.5 8.0 13.5 0.3 2.3 2.2 ------------------------------------------------- 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 June 26, 1998 Account 1997 1997 1997 1998 1998 1998 1998 1998 Week ending May Nov Dec Jan Feb Mar Apr May May 27 Jun 3 Jun 10 Jun 17 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 535.2 543.3 543.1 565.6 568.0 565.5 557.8 566.0 565.7 571.6 566.5 569.6 2 Securities in bank credit 172.1 188.7 183.4 187.7 189.9 195.3 193.2 198.0 198.9 203.4 197.2 195.2 3 U.S. government securities 83.0 80.3 75.9 79.2 83.0 88.2 86.6 88.6 89.2 91.8 84.3 80.9 3a Trading account 16.6 16.0 13.7 14.6 14.1 17.6 18.3 20.4 22.2 21.5 14.8 13.5 3b Investment account 66.4 64.3 62.2 64.6 68.9 70.6 68.3 68.2 67.0 70.4 69.6 67.3 4 Other securities 89.1 108.4 107.4 108.5 106.9 107.1 106.6 109.4 109.7 111.6 112.8 114.3 4a Trading account 50.9 60.9 60.0 62.9 61.3 59.7 58.2 59.8 61.3 62.2 62.5 62.4 4b Investment account 38.2 47.5 47.4 45.6 45.6 47.4 48.4 49.6 48.5 49.4 50.3 51.9 5 Loans and leases in bank credit (2) 363.1 354.6 359.7 377.8 378.1 370.2 364.6 368.0 366.8 368.2 369.3 374.4 6 Commercial and industrial 220.8 221.2 222.2 224.1 223.6 221.0 214.4 212.9 210.9 214.2 213.5 216.9 7 Real estate 30.6 26.9 26.0 26.6 26.1 24.7 23.5 23.0 22.9 22.7 22.7 22.9 11 Security (3) 43.2 41.6 45.0 54.9 54.9 49.5 51.1 57.7 58.0 57.0 60.0 60.1 12 Other loans and leases 68.5 65.0 66.5 72.3 73.4 75.0 75.7 74.4 74.9 74.3 73.1 74.4 13 Interbank loans 20.0 23.7 31.3 28.0 24.8 20.9 20.2 20.7 19.3 21.4 26.7 21.8 14 Cash assets (4) 33.7 35.7 35.1 32.8 32.0 33.0 33.6 34.2 34.2 35.4 35.8 35.7 15 Other assets (5) 39.5 45.8 43.1 41.0 43.9 42.9 40.5 42.3 40.4 41.8 42.5 37.9 16 TOTAL ASSETS (6) 628.2 648.3 652.4 667.2 668.6 662.0 651.9 662.9 659.4 670.0 671.2 664.7 L I A B I L I T I E S 17 Deposits 249.4 272.3 275.6 271.6 282.6 290.1 290.5 297.1 295.4 305.5 309.0 303.1 18 Transaction 10.4 10.2 10.3 10.1 9.9 10.5 10.7 10.3 12.0 9.8 9.4 9.8 19 Nontransaction 239.0 262.1 265.3 261.5 272.6 279.6 279.9 286.8 283.5 295.6 299.6 293.2 20 Large time 236.4 260.5 264.2 260.5 271.4 278.7 278.9 285.8 282.5 294.7 298.6 292.3 21 Other 2.6 1.6 1.2 1.0 1.2 1.0 1.0 1.0 1.0 1.0 1.0 1.0 22 Borrowings 141.7 156.3 149.5 149.7 144.8 154.0 169.0 168.4 166.4 168.7 165.9 171.4 23 From banks in the U.S. 32.4 29.0 25.9 23.6 22.7 25.9 26.7 24.1 22.7 28.3 29.0 31.7 24 From others 109.3 127.3 123.6 126.2 122.1 128.1 142.3 144.3 143.7 140.4 136.8 139.7 25 Net due to related foreign offices 144.2 117.8 126.5 144.5 136.0 117.6 96.9 98.0 99.2 95.9 93.7 93.7 26 Other liabilities 90.7 97.6 96.5 96.5 98.8 94.4 89.3 92.9 91.4 93.5 96.3 90.3 27 TOTAL LIABILITIES 626.0 644.0 648.2 662.3 662.2 656.1 645.7 656.3 652.5 663.5 664.9 658.5 28 Residual (assets less liabilities) (7) 2.2 4.4 4.2 4.9 6.4 5.8 6.2 6.6 6.9 6.5 6.3 6.1 MEMO 29 Reval. gains on off-bal. sheet items (8) 40.4 42.8 41.4 43.2 40.4 40.0 39.4 39.7 40.4 40.9 42.1 41.3 30 Reval. losses on off-bal. sheet items (8) 42.1 42.0 41.8 42.9 40.6 39.8 39.0 38.4 39.4 39.4 41.0 39.8 ------------------------------------------------- Footnotes appear on page 13. H.8 (510) Footnotes Page 13 June 26, 1998 Note: This release and historical data are available on the Federal Reserve Board's web site: http://www.bog.frb.fed.us/. 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. NOTE: Domestically chartered commercial banks acquired $300 million in assets and liabilities of thrift institutions in the week ending June 17, 1998. The major asset items affected were cash U. S. government securities, $100 million; and real estate loans, other, $200 million. The major liability item affected was nontransaction deposits, other, $300 million.