July 2, 1999 NOTE TO THE USERS OF THE H.8: Data on the attached H.8 release have been benchmarked through the March 1999 Call Report. Data on the previous release were benchmarked to the December 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 July 2, 1999 Account 1998 1998 1998 1999 1999 1999 1999 1999 Week ending May Nov Dec Jan Feb Mar Apr May Jun 2 Jun 9 Jun 16 Jun 23 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 4,239.9 4,529.2 4,548.4 4,538.7 4,524.6 4,494.2 4,500.7 4,510.4 4,533.0 4,521.2 4,546.2 4,561.9 2 Securities in bank credit 1,125.4 1,223.2 1,227.3 1,217.9 1,207.8 1,189.5 1,189.8 1,189.5 1,197.6 1,192.2 1,199.8 1,203.4 3 U.S. government securities 768.8 790.5 792.4 794.1 791.2 798.6 798.8 797.1 800.7 802.8 809.7 813.7 4 Other securities 356.6 432.7 434.9 423.7 416.6 390.9 391.0 392.4 396.9 389.4 390.1 389.7 5 Loans and leases in bank credit (2) 3,114.5 3,306.0 3,321.1 3,320.8 3,316.8 3,304.8 3,310.9 3,320.9 3,335.4 3,328.9 3,346.4 3,358.5 6 Commercial and industrial 884.7 951.3 949.0 948.8 949.1 953.3 956.7 951.8 955.1 954.8 960.4 960.2 7 Real estate 1,268.6 1,315.3 1,329.6 1,336.5 1,338.3 1,339.6 1,341.7 1,348.8 1,349.9 1,353.3 1,355.7 1,354.3 8 Revolving home equity 100.3 99.3 99.1 98.8 98.4 98.6 99.4 100.4 100.8 101.0 101.7 101.4 9 Other 1,168.2 1,216.0 1,230.5 1,237.6 1,239.9 1,241.0 1,242.4 1,248.4 1,249.1 1,252.3 1,254.1 1,252.9 10 Consumer 500.4 498.2 499.9 501.7 501.1 500.3 500.7 496.6 493.3 493.5 495.3 497.4 11 Security (3) 121.4 151.4 151.9 147.5 140.1 120.1 123.0 127.5 134.7 130.3 129.7 137.3 12 Other loans and leases 339.4 389.7 390.7 386.3 388.2 391.5 388.7 396.2 402.4 397.0 405.3 409.2 13 Interbank loans 203.9 217.6 217.4 223.2 227.9 221.4 215.4 222.3 221.8 209.0 217.4 230.9 14 Cash assets (4) 249.1 252.1 253.7 259.1 256.4 259.0 260.7 262.6 273.0 266.1 254.3 266.1 15 Other assets (5) 313.5 339.5 341.8 354.2 357.9 355.8 345.5 346.6 336.2 345.5 346.7 342.5 16 TOTAL ASSETS (6) 4,949.1 5,280.5 5,303.5 5,317.1 5,308.5 5,271.9 5,263.8 5,283.2 5,305.0 5,282.8 5,305.6 5,342.4 L I A B I L I T I E S 17 Deposits 3,204.2 3,324.4 3,341.5 3,369.6 3,378.7 3,368.1 3,377.9 3,372.4 3,388.4 3,357.2 3,369.0 3,377.9 18 Transaction 683.5 670.5 672.0 667.6 661.5 667.3 663.0 655.3 654.1 641.5 650.8 674.7 19 Nontransaction 2,520.7 2,653.9 2,669.5 2,702.0 2,717.2 2,700.8 2,714.9 2,717.0 2,734.3 2,715.7 2,718.3 2,703.2 20 Large time 690.7 727.6 719.9 726.4 730.5 719.4 725.4 721.9 720.2 710.8 718.5 716.4 21 Other 1,830.0 1,926.3 1,949.6 1,975.6 1,986.7 1,981.5 1,989.5 1,995.2 2,014.1 2,004.9 1,999.7 1,986.8 22 Borrowings 898.2 1,015.8 1,021.1 1,004.1 991.9 988.4 984.0 998.0 1,001.0 1,019.3 1,022.1 1,034.6 23 From banks in the U.S. 283.5 323.7 322.5 318.8 316.9 319.7 312.1 323.6 336.1 337.6 335.7 340.8 24 From others 614.7 692.1 698.5 685.3 675.0 668.7 671.9 674.3 664.9 681.7 686.4 693.7 25 Net due to related foreign offices 175.5 214.4 213.8 213.5 217.4 217.3 210.5 204.1 224.8 218.9 216.3 210.7 26 Other liabilities 265.8 304.0 307.0 304.7 296.1 272.1 273.3 270.1 271.2 267.4 270.7 273.9 27 TOTAL LIABILITIES 4,543.7 4,858.6 4,883.4 4,891.8 4,884.1 4,846.0 4,845.7 4,844.5 4,885.4 4,862.9 4,878.1 4,897.0 28 Residual (assets less liabilities) (7) 405.4 421.9 420.1 425.3 424.4 425.9 418.1 438.7 419.6 419.9 427.5 445.3 ------------------------------------------------- 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 July 2, 1999 Account 1998 1998 1998 1999 1999 1999 1999 1999 Week ending May Nov Dec Jan Feb Mar Apr May Jun 2 Jun 9 Jun 16 Jun 23 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 4,243.3 4,542.6 4,563.9 4,547.8 4,522.2 4,492.6 4,508.8 4,512.7 4,540.9 4,522.8 4,543.9 4,543.3 2 Securities in bank credit 1,130.9 1,229.4 1,229.0 1,220.4 1,213.3 1,196.1 1,198.4 1,194.9 1,204.4 1,196.7 1,196.0 1,195.9 3 U.S. government securities 776.6 792.9 793.2 794.4 795.5 805.0 808.7 805.2 808.8 808.9 808.9 809.7 4 Other securities 354.3 436.5 435.8 426.0 417.8 391.1 389.7 389.7 395.6 387.8 387.1 386.2 5 Loans and leases in bank credit (2) 3,112.4 3,313.2 3,334.9 3,327.3 3,308.9 3,296.5 3,310.3 3,317.8 3,336.5 3,326.1 3,347.9 3,347.4 6 Commercial and industrial 889.0 950.8 949.0 947.6 950.5 956.8 963.4 956.3 958.1 953.4 960.6 959.7 7 Real estate 1,268.0 1,319.3 1,331.5 1,335.5 1,332.6 1,333.0 1,338.4 1,348.2 1,350.4 1,356.7 1,355.9 1,352.4 8 Revolving home equity 100.0 100.1 99.5 98.9 98.0 97.7 98.7 100.0 100.2 100.4 101.2 101.2 9 Other 1,168.0 1,219.2 1,232.1 1,236.6 1,234.6 1,235.3 1,239.7 1,248.3 1,250.2 1,256.3 1,254.7 1,251.2 10 Consumer 498.0 498.6 505.2 508.0 501.0 495.6 497.2 494.1 490.8 490.4 492.3 495.3 11 Security (3) 121.3 153.9 154.1 147.5 139.7 123.5 124.9 127.3 133.5 130.5 133.5 134.2 12 Other loans and leases 336.0 390.7 395.1 388.7 385.0 387.5 386.5 391.9 403.8 394.9 405.6 405.8 13 Interbank loans 199.2 227.0 225.7 226.1 227.6 224.5 220.4 218.1 224.2 208.4 218.0 218.5 14 Cash assets (4) 246.5 258.9 268.8 272.1 257.5 251.6 258.3 260.3 295.0 249.7 257.4 247.5 15 Other assets (5) 314.7 337.8 342.7 346.7 354.5 351.1 348.5 348.1 345.0 350.2 352.0 344.2 16 TOTAL ASSETS (6) 4,946.4 5,308.3 5,343.2 5,335.1 5,303.6 5,261.3 5,277.6 5,280.4 5,345.9 5,271.9 5,312.2 5,294.4 L I A B I L I T I E S 17 Deposits 3,195.5 3,350.2 3,375.3 3,368.9 3,355.7 3,362.8 3,388.7 3,362.8 3,416.2 3,362.4 3,382.2 3,338.3 18 Transaction 672.9 680.8 706.2 682.4 656.6 660.8 670.7 646.2 673.6 629.5 657.3 641.1 19 Nontransaction 2,522.6 2,669.4 2,669.2 2,686.4 2,699.1 2,701.9 2,718.0 2,716.7 2,742.7 2,732.9 2,724.8 2,697.2 20 Large time 692.1 732.5 724.5 724.5 731.2 721.4 722.4 723.0 721.8 713.2 716.7 712.3 21 Other 1,830.6 1,936.9 1,944.7 1,961.9 1,967.9 1,980.6 1,995.6 1,993.6 2,020.9 2,019.7 2,008.1 1,984.9 22 Borrowings 905.6 1,021.3 1,023.7 1,020.2 994.5 981.7 983.8 1,006.0 1,004.8 1,001.4 1,021.0 1,056.3 23 From banks in the U.S. 284.7 327.3 328.5 323.8 317.2 319.2 312.7 324.5 335.6 330.9 333.4 345.6 24 From others 621.0 694.0 695.2 696.4 677.3 662.5 671.0 681.5 669.2 670.4 687.6 710.7 25 Net due to related foreign offices 183.0 216.3 219.1 216.4 227.1 215.4 203.5 210.5 225.2 209.5 206.2 206.2 26 Other liabilities 265.4 304.4 307.8 305.6 298.5 272.8 272.9 269.8 270.8 267.4 269.8 272.9 27 TOTAL LIABILITIES 4,549.6 4,892.1 4,925.9 4,911.1 4,875.8 4,832.7 4,848.9 4,849.2 4,917.0 4,840.6 4,879.2 4,873.6 28 Residual (assets less liabilities) (7) 396.9 416.2 417.3 424.0 427.8 428.7 428.8 431.3 428.9 431.3 433.0 420.8 MEMO 29 Reval. gains on off-bal. sheet items (8) 85.9 114.2 116.2 112.5 108.5 87.0 87.1 87.4 93.4 86.4 85.4 84.2 30 Reval. losses on off-bal. sheet items (8) 85.8 113.0 114.1 109.5 106.7 85.9 87.9 88.4 94.4 87.3 85.8 86.7 ------------------------------------------------- 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 July 2, 1999 Account 1998 1998 1998 1999 1999 1999 1999 1999 Week ending May Nov Dec Jan Feb Mar Apr May Jun 2 Jun 9 Jun 16 Jun 23 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 3,670.2 3,916.9 3,948.0 3,953.4 3,954.3 3,939.6 3,949.3 3,967.8 3,992.6 3,988.9 4,010.7 4,024.8 2 Securities in bank credit 923.0 1,007.4 1,013.5 1,006.1 1,003.2 990.9 989.3 992.4 999.4 998.5 1,003.7 1,007.9 3 U.S. government securities 679.7 708.2 709.6 709.9 708.3 714.9 711.7 712.1 714.7 717.3 721.6 726.1 4 Other securities 243.3 299.2 303.9 296.2 294.9 276.0 277.6 280.3 284.7 281.2 282.1 281.9 5 Loans and leases in bank credit (2) 2,747.2 2,909.5 2,934.5 2,947.2 2,951.1 2,948.7 2,959.9 2,975.4 2,993.1 2,990.4 3,007.0 3,016.8 6 Commercial and industrial 672.3 727.7 731.2 735.3 736.7 742.4 748.5 750.7 755.8 756.8 762.8 763.1 7 Real estate 1,244.0 1,292.7 1,307.9 1,315.1 1,317.8 1,319.8 1,322.0 1,329.2 1,330.3 1,333.9 1,337.0 1,335.7 8 Revolving home equity 100.3 99.3 99.1 98.8 98.4 98.6 99.4 100.4 100.8 101.0 101.7 101.4 9 Other 1,143.7 1,193.3 1,208.8 1,216.2 1,219.4 1,221.2 1,222.6 1,228.9 1,229.6 1,232.9 1,235.4 1,234.2 10 Consumer 500.4 498.2 499.9 501.7 501.1 500.3 500.7 496.6 493.3 493.5 495.3 497.4 11 Security (3) 61.8 86.1 85.6 84.3 80.6 69.3 71.5 74.8 83.3 80.2 79.3 85.6 12 Other loans and leases 268.7 304.8 309.8 310.9 314.7 316.8 317.2 324.0 330.4 326.0 332.7 335.1 13 Interbank loans 182.1 190.3 189.4 193.8 196.4 195.7 190.0 195.5 192.8 184.5 191.9 207.0 14 Cash assets (4) 214.4 217.1 217.7 222.5 220.2 222.0 223.0 223.7 234.0 228.2 216.9 233.1 15 Other assets (5) 278.4 302.4 303.2 315.5 320.0 318.1 308.1 311.3 303.6 314.5 311.3 312.3 16 TOTAL ASSETS (6) 4,288.0 4,569.0 4,600.6 4,627.4 4,632.8 4,617.1 4,612.1 4,639.8 4,664.3 4,657.5 4,672.2 4,718.5 L I A B I L I T I E S 17 Deposits 2,907.8 3,006.8 3,029.5 3,048.6 3,056.6 3,057.7 3,064.2 3,060.6 3,081.5 3,052.5 3,060.1 3,071.6 18 Transaction 671.8 657.6 660.4 654.7 647.8 654.6 650.8 642.9 641.3 628.7 637.7 662.2 19 Nontransaction 2,235.9 2,349.2 2,369.1 2,393.9 2,408.8 2,403.1 2,413.3 2,417.8 2,440.1 2,423.8 2,422.3 2,409.4 20 Large time 407.2 425.1 421.1 420.2 423.4 422.8 425.4 424.5 427.9 421.2 424.8 424.4 21 Other 1,828.7 1,924.1 1,948.0 1,973.7 1,985.5 1,980.3 1,987.9 1,993.3 2,012.3 2,002.7 1,997.6 1,985.0 22 Borrowings 716.0 801.1 817.3 810.4 810.9 813.8 809.3 822.3 824.8 836.4 834.8 851.8 23 From banks in the U.S. 261.4 291.2 295.2 297.1 298.9 295.6 290.9 302.5 314.6 311.8 305.5 315.0 24 From others 454.5 509.9 522.1 513.3 511.9 518.2 518.4 519.8 510.2 524.6 529.3 536.8 25 Net due to related foreign offices 71.7 115.2 112.4 111.8 117.3 117.8 115.4 118.3 133.7 144.3 145.6 142.3 26 Other liabilities 197.5 227.8 230.2 230.2 225.7 204.2 205.9 209.2 209.3 209.3 209.9 216.0 27 TOTAL LIABILITIES 3,893.0 4,150.9 4,189.4 4,201.0 4,210.5 4,193.5 4,194.8 4,210.5 4,249.4 4,242.6 4,250.3 4,281.8 28 Residual (assets less liabilities) (7) 395.0 418.2 411.2 426.4 422.2 423.6 417.3 429.3 414.9 414.9 421.9 436.7 ------------------------------------------------- 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 July 2, 1999 Account 1998 1998 1998 1999 1999 1999 1999 1999 Week ending May Nov Dec Jan Feb Mar Apr May Jun 2 Jun 9 Jun 16 Jun 23 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 3,678.7 3,927.1 3,960.7 3,959.0 3,948.1 3,936.3 3,960.2 3,975.4 4,002.3 3,993.5 4,012.7 4,011.4 2 Securities in bank credit 929.9 1,010.4 1,016.6 1,008.5 1,007.1 996.4 999.6 999.6 1,005.9 1,002.7 1,001.9 1,002.3 3 U.S. government securities 686.7 710.2 710.2 710.5 712.2 720.4 722.0 719.5 721.6 722.4 720.8 722.3 4 Other securities 243.2 300.2 306.4 298.0 294.8 276.0 277.6 280.1 284.3 280.4 281.1 280.0 5 Loans and leases in bank credit (2) 2,748.8 2,916.7 2,944.0 2,950.5 2,941.0 2,939.9 2,960.7 2,975.8 2,996.4 2,990.7 3,010.9 3,009.1 6 Commercial and industrial 679.1 726.0 728.5 732.3 736.4 745.7 756.6 757.8 760.8 757.8 765.1 764.1 7 Real estate 1,243.7 1,296.4 1,309.7 1,313.9 1,311.8 1,313.2 1,318.9 1,328.9 1,331.1 1,337.6 1,337.4 1,333.9 8 Revolving home equity 100.0 100.1 99.5 98.9 98.0 97.7 98.7 100.0 100.2 100.4 101.2 101.2 9 Other 1,143.7 1,196.3 1,210.3 1,215.0 1,213.7 1,215.5 1,220.2 1,228.9 1,230.9 1,237.2 1,236.2 1,232.8 10 Consumer 498.0 498.6 505.2 508.0 501.0 495.6 497.2 494.1 490.8 490.4 492.3 495.3 11 Security (3) 62.1 89.1 87.3 84.4 80.6 72.1 73.5 74.9 82.1 80.6 82.7 82.6 12 Other loans and leases 265.9 306.6 313.3 311.9 311.3 313.4 314.4 320.1 331.5 324.2 333.4 333.1 13 Interbank loans 177.4 199.7 197.6 196.7 196.1 198.8 195.0 191.3 195.2 183.9 192.5 194.6 14 Cash assets (4) 212.1 223.3 231.3 235.1 222.0 215.6 221.9 221.8 255.0 211.2 219.1 213.7 15 Other assets (5) 280.2 300.6 302.6 307.7 315.5 312.9 312.8 313.5 312.9 319.6 317.7 315.4 16 TOTAL ASSETS (6) 4,291.3 4,592.9 4,634.5 4,641.1 4,623.7 4,605.4 4,631.8 4,643.4 4,706.5 4,649.3 4,683.3 4,676.3 L I A B I L I T I E S 17 Deposits 2,896.9 3,033.0 3,059.7 3,050.5 3,034.8 3,049.1 3,075.5 3,048.8 3,106.1 3,055.6 3,072.9 3,031.7 18 Transaction 661.5 668.0 694.2 669.4 643.1 648.0 658.7 634.0 660.8 617.4 644.6 628.9 19 Nontransaction 2,235.3 2,365.0 2,365.5 2,381.0 2,391.7 2,401.0 2,416.8 2,414.9 2,445.3 2,438.1 2,428.3 2,402.8 20 Large time 406.5 430.6 423.6 421.9 425.8 422.6 423.3 423.4 426.5 420.6 422.3 420.0 21 Other 1,828.8 1,934.5 1,941.9 1,959.2 1,965.9 1,978.5 1,993.5 1,991.5 2,018.8 2,017.6 2,006.0 1,982.8 22 Borrowings 723.4 806.6 819.8 826.6 813.5 807.2 809.1 830.4 828.7 818.5 833.7 873.6 23 From banks in the U.S. 262.6 294.9 301.1 302.2 299.3 295.1 291.6 303.4 314.2 305.1 303.2 319.8 24 From others 460.8 511.7 518.7 524.4 514.2 512.0 517.5 527.0 514.5 513.3 530.5 553.8 25 Net due to related foreign offices 80.9 113.7 111.4 112.0 123.4 117.7 114.0 126.6 136.5 138.1 137.9 137.9 26 Other liabilities 197.7 227.1 229.6 230.9 226.5 204.8 206.6 209.4 209.3 209.4 209.5 215.6 27 TOTAL LIABILITIES 3,898.8 4,180.4 4,220.5 4,220.0 4,198.3 4,178.7 4,205.2 4,215.2 4,280.6 4,221.6 4,254.0 4,258.7 28 Residual (assets less liabilities) (7) 392.6 412.5 414.0 421.2 425.5 426.7 426.6 428.2 425.9 427.7 429.3 417.6 MEMO 29 Reval. gains on off-bal. sheet items (8) 45.6 65.6 68.0 66.5 64.9 46.8 48.3 50.6 56.0 51.8 51.8 51.3 30 Reval. losses on off-bal. sheet items (8) 47.1 68.1 69.6 67.2 65.4 46.7 49.0 52.5 58.1 53.8 53.1 55.1 31 Mortgage-backed securities (9) 297.1 346.0 345.4 342.2 341.0 336.3 334.7 333.6 332.2 331.5 328.4 329.8 ------------------------------------------------- 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 July 2, 1999 Account 1998 1998 1998 1999 1999 1999 1999 1999 Week ending May Nov Dec Jan Feb Mar Apr May Jun 2 Jun 9 Jun 16 Jun 23 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 2,276.5 2,430.2 2,441.6 2,434.4 2,427.7 2,400.4 2,404.7 2,416.5 2,436.4 2,430.6 2,445.5 2,456.4 2 Securities in bank credit 526.0 578.4 577.3 566.4 560.3 543.9 541.0 540.8 546.6 542.6 546.6 548.9 3 U.S. government securities 372.4 382.6 380.1 378.5 376.1 379.6 375.9 373.9 374.7 375.5 378.2 381.2 3a Trading account 24.0 22.3 23.0 25.1 17.9 22.5 25.9 22.3 21.3 21.4 23.0 25.4 3b Investment account 348.5 360.3 357.1 353.4 358.2 357.2 350.0 351.6 353.4 354.1 355.1 355.8 4 Other securities 153.6 195.9 197.2 188.0 184.2 164.3 165.1 166.8 171.9 167.1 168.5 167.7 4a Trading account 72.0 99.7 100.2 91.4 87.5 66.7 66.1 68.3 73.3 67.8 69.2 67.6 4b Investment account 81.5 96.1 97.0 96.6 96.7 97.5 99.0 98.6 98.6 99.3 99.3 100.0 4c State and local government 22.7 24.5 24.8 24.6 24.7 24.9 24.6 24.8 25.3 25.4 25.3 25.2 4d Other 58.9 71.7 72.2 71.9 72.0 72.7 74.4 73.8 73.3 73.9 74.0 74.8 5 Loans and leases in bank credit (2) 1,750.5 1,851.7 1,864.3 1,868.0 1,867.4 1,856.5 1,863.7 1,875.8 1,889.8 1,888.0 1,898.9 1,907.6 6 Commercial and industrial 492.2 534.1 534.8 536.2 537.4 541.8 546.6 546.8 550.9 551.8 556.9 556.7 6a Bankers acceptances 1.2 1.3 1.3 1.3 1.2 1.1 1.1 1.0 1.0 1.1 1.0 0.9 6b Other 491.0 532.7 533.5 535.0 536.2 540.6 545.5 545.8 549.9 550.8 555.9 555.8 7 Real estate 700.7 705.7 711.3 709.7 708.9 705.3 705.0 708.4 707.1 710.2 710.6 707.4 8 Revolving home equity 72.1 70.4 70.2 69.9 69.8 69.9 70.5 71.2 71.4 71.8 72.3 72.2 9 Other 628.7 635.4 641.1 639.7 639.1 635.5 634.5 637.2 635.7 638.4 638.2 635.3 10 Consumer 301.9 300.8 301.2 304.2 303.2 300.7 299.2 296.3 292.9 293.7 293.5 295.1 11 Security (3) 56.1 79.5 79.4 78.3 74.7 63.4 65.8 69.5 78.0 74.8 73.9 80.6 11a Fed funds and RPs with broker/dealer 37.8 61.9 62.6 61.5 57.7 46.2 47.8 51.3 60.0 56.2 54.5 59.0 11b Other 18.3 17.5 16.8 16.8 17.0 17.2 18.0 18.2 18.0 18.6 19.4 21.6 12a State and local government 11.6 11.9 11.7 11.7 11.6 11.6 11.8 11.8 11.9 12.3 11.9 11.7 12b Agricultural 10.1 10.2 10.3 10.3 10.4 10.3 10.3 10.0 10.0 10.0 10.0 9.9 12c Fed funds and RPs with others 5.9 12.6 16.4 12.8 12.2 12.2 11.5 14.1 37.5 34.7 38.5 40.2 12d All other loans 78.8 93.4 93.1 96.3 96.0 95.7 95.9 99.6 82.3 81.1 83.9 85.9 12e Lease financing receivables 93.1 103.6 106.1 108.6 113.1 115.6 117.8 119.2 119.3 119.4 119.8 120.0 13 Interbank loans 119.4 122.1 124.6 127.2 129.9 132.1 128.1 136.6 135.9 129.3 135.1 152.1 13a Fed funds and RPs with banks 69.1 76.1 75.5 80.1 80.2 83.2 79.4 86.2 84.9 76.8 83.7 97.1 13b Other 50.3 46.0 49.1 47.2 49.7 48.9 48.7 50.4 51.0 52.5 51.3 55.0 14 Cash assets (4) 148.8 147.3 147.7 152.3 150.4 151.9 154.0 151.9 158.6 156.7 146.2 157.5 15 Other assets (5) 221.5 231.3 229.7 238.0 242.6 239.4 228.9 229.8 223.3 232.8 229.8 236.5 16 TOTAL ASSETS (6) 2,728.1 2,892.8 2,905.6 2,913.8 2,912.1 2,885.2 2,877.4 2,896.5 2,915.8 2,911.0 2,918.2 2,964.1 ------------------------------------------------- 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) July 2, 1999 Account 1998 1998 1998 1999 1999 1999 1999 1999 Week ending May Nov Dec Jan Feb Mar Apr May Jun 2 Jun 9 Jun 16 Jun 23 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- L I A B I L I T I E S 17 Deposits 1,654.5 1,678.4 1,682.9 1,684.0 1,679.4 1,677.7 1,684.6 1,679.6 1,694.9 1,673.8 1,675.4 1,677.4 18 Transaction 389.3 370.9 370.9 365.9 359.3 363.3 365.6 356.9 358.8 349.1 352.1 365.9 19 Nontransaction 1,265.2 1,307.5 1,312.0 1,318.1 1,320.1 1,314.4 1,319.0 1,322.7 1,336.1 1,324.7 1,323.3 1,311.5 20 Large time 222.7 232.5 230.7 230.1 229.4 226.7 227.5 224.2 227.3 222.8 226.0 225.9 21 Other 1,042.5 1,075.0 1,081.3 1,088.1 1,090.7 1,087.7 1,091.5 1,098.5 1,108.8 1,101.9 1,097.4 1,085.6 22 Borrowings 559.5 621.8 633.2 628.1 624.8 621.9 619.1 627.1 627.5 636.9 635.7 652.3 23 From banks in the U.S. 190.5 207.4 209.3 213.7 214.0 208.8 205.9 214.5 225.4 222.0 214.3 222.0 24 From others 369.0 414.4 423.8 414.5 410.8 413.0 413.2 412.6 402.1 414.9 421.4 430.2 25 Net due to related foreign offices 67.9 111.6 108.8 108.7 114.1 113.2 110.5 113.2 128.7 139.6 141.8 138.6 26 Other liabilities 170.4 197.1 199.1 199.3 195.1 173.4 174.3 176.9 176.9 176.5 176.2 185.2 27 TOTAL LIABILITIES 2,452.3 2,609.0 2,624.0 2,620.2 2,613.4 2,586.2 2,588.4 2,596.9 2,628.0 2,626.7 2,629.2 2,653.5 28 Residual (assets less liabilities) (7) 275.8 283.8 281.6 293.6 298.7 299.0 289.0 299.6 287.7 284.3 289.0 310.7 ------------------------------------------------- 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 July 2, 1999 Account 1998 1998 1998 1999 1999 1999 1999 1999 Week ending May Nov Dec Jan Feb Mar Apr May Jun 2 Jun 9 Jun 16 Jun 23 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 2,275.6 2,443.1 2,456.0 2,446.6 2,432.2 2,402.9 2,410.6 2,414.0 2,437.8 2,425.8 2,441.1 2,435.6 2 Securities in bank credit 527.9 583.7 580.8 569.5 566.3 547.9 546.3 542.6 549.6 543.6 542.9 541.4 3 U.S. government securities 375.2 386.8 380.8 379.7 381.6 383.7 381.9 376.8 378.6 377.6 375.5 375.3 3a Trading account 22.6 24.6 23.7 25.2 18.6 23.4 25.2 20.8 21.1 22.0 22.5 23.0 3b Investment account 352.6 362.3 357.1 354.5 363.0 360.3 356.7 356.0 357.4 355.6 353.0 352.3 3c Mortgage-backed 228.5 260.8 256.1 252.6 250.4 243.8 241.0 237.9 236.2 235.5 232.3 232.0 3d Other 124.1 101.5 101.0 101.9 112.6 116.4 115.7 118.1 121.3 120.2 120.7 120.3 3e 1 year or less 31.8 27.5 26.8 27.7 25.8 24.0 24.5 23.8 24.7 24.5 25.0 24.9 3f Between 1 and 5 years 52.9 38.5 38.7 37.9 47.1 52.5 53.3 54.9 56.8 56.2 56.4 56.4 3g More than 5 years 39.4 35.5 35.5 36.3 39.6 39.9 37.9 39.3 39.8 39.5 39.3 39.1 4 Other securities 152.7 196.8 200.0 189.8 184.8 164.2 164.4 165.8 171.0 166.0 167.4 166.1 4a Trading account 72.0 99.7 100.2 91.4 87.5 66.7 66.1 68.3 73.3 67.8 69.2 67.6 4b Investment account 80.6 97.1 99.8 98.4 97.3 97.5 98.2 97.5 97.7 98.2 98.2 98.4 4c State and local government 22.7 24.6 25.0 24.8 24.8 24.9 24.7 24.9 25.3 25.3 25.2 25.2 4d Other 57.9 72.5 74.8 73.6 72.5 72.6 73.5 72.6 72.5 72.9 73.0 73.3 5 Loans and leases in bank credit (2) 1,747.7 1,859.5 1,875.2 1,877.1 1,865.9 1,855.0 1,864.3 1,871.5 1,888.2 1,882.2 1,898.2 1,894.2 6 Commercial and industrial 496.6 533.7 532.9 534.0 537.3 544.4 552.6 551.3 553.5 550.8 557.3 555.9 6a Bankers acceptances 1.2 1.3 1.3 1.3 1.2 1.1 1.1 1.0 1.0 1.1 1.0 0.9 6b Other 495.4 532.3 531.6 532.7 536.2 543.3 551.5 550.3 552.6 549.7 556.2 554.9 7 Real estate 698.3 709.0 714.8 712.4 707.6 702.4 702.1 705.7 705.3 710.1 708.7 703.1 8 Revolving home equity 71.8 70.9 70.4 70.0 69.5 69.2 69.9 70.9 71.1 71.3 72.1 72.0 9a Other residential 384.2 394.3 398.9 394.5 387.2 380.9 378.6 380.4 380.4 384.8 382.4 376.8 9b Commercial 242.3 243.8 245.6 247.9 251.0 252.3 253.6 254.4 253.8 254.0 254.3 254.3 10 Consumer 299.8 300.4 304.5 309.5 303.6 298.1 296.7 294.1 291.1 291.4 291.5 293.3 11 Security (3) 56.4 82.5 81.0 78.4 74.7 66.1 67.8 69.7 76.8 75.2 77.3 77.7 11a Fed funds and RPs with broker/dealer 37.8 65.1 63.8 62.1 58.2 48.8 49.7 51.0 58.4 56.8 57.0 54.8 11b Other 18.6 17.4 17.2 16.3 16.5 17.3 18.1 18.6 18.4 18.4 20.4 23.0 12a State and local government 11.5 12.1 11.8 11.7 11.6 11.6 11.7 11.7 11.8 12.1 11.8 11.6 12b Agricultural 10.1 10.2 10.3 10.2 10.0 9.9 10.0 10.0 10.1 10.1 10.1 10.0 12c Fed funds and RPs with others 5.9 12.6 16.4 12.8 12.2 12.2 11.5 14.1 37.5 34.7 38.5 40.2 12d All other loans 76.1 96.4 97.6 97.9 94.5 93.9 93.9 95.8 82.7 78.2 83.0 82.4 12e Lease financing receivables 93.0 102.6 105.8 110.3 114.4 116.5 118.0 119.1 119.4 119.7 120.1 120.1 13 Interbank loans 119.6 123.5 127.8 130.1 129.7 132.2 132.1 136.6 139.5 126.7 137.6 146.9 13a Fed funds and RPs with banks 68.6 78.8 79.3 83.7 80.8 82.9 82.0 85.3 87.0 73.0 84.5 91.5 13b Other 51.0 44.7 48.5 46.4 49.0 49.3 50.1 51.3 52.5 53.7 53.2 55.4 14 Cash assets (4) 147.0 151.4 158.0 161.6 151.1 147.0 152.9 150.4 173.7 142.9 148.4 143.3 15 Other assets (5) 223.4 228.2 229.2 233.3 239.4 235.6 233.2 232.1 229.2 237.3 235.0 239.7 16 TOTAL ASSETS (6) 2,727.5 2,908.0 2,932.9 2,933.9 2,914.2 2,879.2 2,890.8 2,894.7 2,941.4 2,894.0 2,923.5 2,926.9 ------------------------------------------------- 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) July 2, 1999 Account 1998 1998 1998 1999 1999 1999 1999 1999 Week ending May Nov Dec Jan Feb Mar Apr May Jun 2 Jun 9 Jun 16 Jun 23 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- L I A B I L I T I E S 17 Deposits 1,639.9 1,692.4 1,707.0 1,693.3 1,675.1 1,676.1 1,690.8 1,665.2 1,705.2 1,666.6 1,681.2 1,645.8 18 Transaction 381.5 377.6 393.9 376.1 356.4 358.0 369.8 350.4 371.1 337.1 357.4 343.2 19 Nontransaction 1,258.4 1,314.8 1,313.1 1,317.1 1,318.7 1,318.1 1,321.0 1,314.8 1,334.1 1,329.5 1,323.8 1,302.6 20 Large time 222.0 238.0 233.3 231.7 231.8 226.5 225.4 223.1 226.0 222.2 223.5 221.4 21 Other 1,036.4 1,076.8 1,079.9 1,085.4 1,086.9 1,091.6 1,095.6 1,091.8 1,108.1 1,107.3 1,100.4 1,081.2 22 Borrowings 566.6 625.3 633.8 643.8 630.0 620.8 621.5 634.8 632.8 623.6 635.8 667.8 23 From banks in the U.S. 191.8 209.3 213.3 218.0 215.5 210.8 208.2 215.5 225.9 217.6 213.0 224.3 24 From others 374.8 415.9 420.5 425.8 414.4 410.1 413.2 419.3 406.9 406.0 422.7 443.5 25 Net due to related foreign offices 77.1 110.1 107.8 109.0 120.2 113.1 109.1 121.6 131.5 133.5 134.1 134.1 26 Other liabilities 170.4 197.1 199.1 199.3 195.1 173.4 174.3 176.9 176.9 176.5 176.2 185.2 27 TOTAL LIABILITIES 2,454.0 2,624.9 2,647.8 2,645.3 2,620.4 2,583.4 2,595.6 2,598.5 2,646.4 2,600.1 2,627.4 2,632.9 28 Residual (assets less liabilities) (7) 273.5 283.2 285.1 288.5 293.8 295.7 295.2 296.2 295.0 293.9 296.1 294.0 MEMO 29 Reval. gains on off-bal. sheet items (8) 45.6 65.6 68.0 66.5 64.9 46.8 48.3 50.6 56.0 51.8 51.8 51.3 30 Reval. losses on off-bal. sheet items (8) 47.1 68.1 69.6 67.2 65.4 46.6 49.0 52.5 58.1 53.8 53.1 55.1 31 Mortgage-backed securities (9) 250.4 289.5 286.6 282.1 279.1 272.2 269.5 265.6 263.4 262.8 260.0 261.1 31a Pass-through 167.8 199.0 197.1 194.3 189.5 182.5 179.6 176.8 175.2 174.6 172.8 172.4 31b CMO, REMIC, and other 82.6 90.6 89.5 87.8 89.6 89.7 89.9 88.7 88.2 88.2 87.2 88.8 32 Net unrealized gains (losses) on 2.8 3.1 3.0 3.0 2.3 0.6 0.9 0.5 -0.8 -1.0 -1.1 -0.9 available-for-sale securities (10) 33 Offshore credit to U.S. residents (11) 36.0 39.1 38.5 38.9 38.9 39.0 37.9 37.7 36.8 37.2 37.1 37.1 ------------------------------------------------- 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 July 2, 1999 Account 1998 1998 1998 1999 1999 1999 1999 1999 Week ending May Nov Dec Jan Feb Mar Apr May Jun 2 Jun 9 Jun 16 Jun 23 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 1,393.7 1,486.7 1,506.4 1,518.9 1,526.6 1,539.2 1,544.6 1,551.3 1,556.2 1,558.3 1,565.2 1,568.3 2 Securities in bank credit 397.0 429.0 436.2 439.7 442.9 447.0 448.4 451.7 452.9 455.9 457.1 459.1 3 U.S. government securities 307.2 325.6 329.5 331.4 332.2 335.2 335.9 338.2 340.0 341.8 343.5 344.9 4 Other securities 89.8 103.4 106.7 108.3 110.7 111.8 112.5 113.5 112.8 114.1 113.6 114.2 5 Loans and leases in bank credit (2) 996.7 1,057.8 1,070.2 1,079.2 1,083.7 1,092.2 1,096.2 1,099.6 1,103.3 1,102.4 1,108.2 1,109.2 6 Commercial and industrial 180.1 193.7 196.4 199.1 199.4 200.6 201.9 203.9 204.9 205.0 205.9 206.4 7 Real estate 543.2 586.9 596.6 605.4 608.9 614.4 617.0 620.8 623.2 623.7 626.5 628.2 8 Revolving home equity 28.3 28.9 28.9 28.9 28.6 28.7 28.9 29.1 29.4 29.2 29.4 29.3 9 Other 515.0 558.0 567.7 576.5 580.3 585.8 588.2 591.7 593.9 594.4 597.1 598.9 10 Consumer 198.4 197.4 198.7 197.6 198.0 199.6 201.6 200.3 200.4 199.8 201.8 202.3 11 Security (3) 5.7 6.6 6.3 6.0 5.9 6.0 5.7 5.3 5.3 5.4 5.3 4.9 12 Other loans and leases 69.2 73.2 72.2 71.2 71.4 71.5 70.0 69.3 69.5 68.6 68.7 67.4 13 Interbank loans 62.7 68.2 64.8 66.6 66.4 63.6 61.9 58.9 56.9 55.1 56.9 55.0 14 Cash assets (4) 65.7 69.7 70.0 70.2 69.8 70.1 69.0 71.8 75.4 71.5 70.7 75.7 15 Other assets (5) 56.9 71.1 73.5 77.5 77.4 78.8 79.3 81.5 80.3 81.7 81.5 75.8 16 TOTAL ASSETS (6) 1,559.9 1,676.2 1,695.1 1,713.7 1,720.6 1,731.8 1,734.7 1,743.3 1,748.5 1,746.5 1,754.0 1,754.4 L I A B I L I T I E S 17 Deposits 1,253.3 1,328.4 1,346.6 1,364.6 1,377.2 1,380.0 1,379.5 1,381.0 1,386.6 1,378.7 1,384.7 1,394.2 18 Transaction 282.5 286.7 289.5 288.8 288.4 291.3 285.2 286.0 282.6 279.6 285.6 296.3 19 Nontransaction 970.7 1,041.7 1,057.1 1,075.8 1,088.8 1,088.7 1,094.3 1,095.0 1,104.0 1,099.1 1,099.0 1,097.9 20 Large time 184.5 192.6 190.4 190.2 194.0 196.1 197.9 200.3 200.6 198.3 198.8 198.6 21 Other 786.2 849.1 866.8 885.6 894.8 892.6 896.4 894.7 903.5 900.7 900.2 899.3 22 Borrowings 156.4 179.2 184.1 182.3 186.1 192.0 190.2 195.2 197.3 199.6 199.1 199.6 23 From banks in the U.S. 70.9 83.8 85.8 83.4 85.0 86.8 85.1 88.1 89.2 89.8 91.2 93.0 24 From others 85.6 95.4 98.3 98.8 101.2 105.2 105.2 107.2 108.1 109.7 107.9 106.6 25 Net due to related foreign offices 3.8 3.6 3.6 3.0 3.2 4.5 4.9 5.0 5.0 4.7 3.8 3.8 26 Other liabilities 27.1 30.6 31.1 31.0 30.6 30.9 31.7 32.3 32.4 32.9 33.6 30.7 27 TOTAL LIABILITIES 1,440.6 1,541.9 1,565.4 1,580.9 1,597.2 1,607.3 1,606.3 1,613.6 1,621.3 1,615.8 1,621.1 1,628.3 28 Residual (assets less liabilities) (7) 119.2 134.3 129.6 132.8 123.5 124.5 128.3 129.7 127.2 130.6 132.9 126.1 ------------------------------------------------- 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 July 2, 1999 Account 1998 1998 1998 1999 1999 1999 1999 1999 Week ending May Nov Dec Jan Feb Mar Apr May Jun 2 Jun 9 Jun 16 Jun 23 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 1,403.1 1,483.9 1,504.6 1,512.4 1,515.9 1,533.4 1,549.7 1,561.4 1,564.5 1,567.6 1,571.7 1,575.8 2 Securities in bank credit 402.0 426.7 435.8 439.0 440.7 448.6 453.3 457.0 456.3 459.1 459.0 460.9 3 U.S. government securities 311.5 323.3 329.4 330.8 330.7 336.7 340.1 342.7 343.0 344.8 345.3 347.0 4 Other securities 90.5 103.4 106.4 108.1 110.1 111.8 113.2 114.3 113.3 114.3 113.7 113.9 5 Loans and leases in bank credit (2) 1,001.1 1,057.3 1,068.8 1,073.4 1,075.1 1,084.9 1,096.4 1,104.4 1,108.2 1,108.5 1,112.7 1,114.9 6 Commercial and industrial 182.5 192.3 195.6 198.3 199.0 201.3 204.0 206.5 207.3 207.1 207.8 208.3 7 Real estate 545.4 587.4 594.9 601.5 604.2 610.8 616.8 623.2 625.8 627.4 628.7 630.9 8 Revolving home equity 28.2 29.2 29.1 28.9 28.5 28.5 28.8 29.0 29.2 29.1 29.2 29.2 9 Other 517.2 558.2 565.8 572.6 575.6 582.3 588.1 594.2 596.6 598.3 599.5 601.7 10 Consumer 198.2 198.1 200.7 198.5 197.4 197.5 200.5 200.1 199.7 199.1 200.9 202.0 11 Security (3) 5.7 6.6 6.3 6.0 5.9 6.0 5.7 5.3 5.3 5.4 5.3 4.9 12 Other loans and leases 69.3 72.8 71.4 69.1 68.6 69.3 69.3 69.4 70.0 69.5 70.0 68.9 13 Interbank loans 57.8 76.2 69.8 66.6 66.4 66.6 62.8 54.6 55.7 57.2 54.9 47.8 14 Cash assets (4) 65.2 71.8 73.4 73.4 70.8 68.6 68.9 71.4 81.3 68.3 70.7 70.4 15 Other assets (5) 56.8 72.5 73.4 74.4 76.2 77.4 79.7 81.4 83.8 82.3 82.8 75.8 16 TOTAL ASSETS (6) 1,563.9 1,684.9 1,701.6 1,707.3 1,709.5 1,726.3 1,741.0 1,748.7 1,765.1 1,755.3 1,759.8 1,749.4 L I A B I L I T I E S 17 Deposits 1,256.9 1,340.6 1,352.7 1,357.2 1,359.7 1,372.9 1,384.7 1,383.6 1,400.9 1,389.0 1,391.7 1,385.9 18 Transaction 280.0 290.4 300.3 293.3 286.7 290.0 288.9 283.6 289.7 280.4 287.2 285.7 19 Nontransaction 976.9 1,050.2 1,052.4 1,063.9 1,073.0 1,082.9 1,095.8 1,100.0 1,111.2 1,108.6 1,104.5 1,100.1 20 Large time 184.5 192.6 190.4 190.2 194.0 196.1 197.9 200.3 200.6 198.3 198.8 198.6 21 Other 792.4 857.6 862.0 873.8 879.0 886.8 897.9 899.7 910.6 910.3 905.7 901.5 22 Borrowings 156.7 181.3 186.0 182.7 183.5 186.4 187.6 195.6 195.9 194.9 197.9 205.8 23 From banks in the U.S. 70.8 85.5 87.8 84.2 83.8 84.4 83.3 87.9 88.3 87.6 90.2 95.5 24 From others 85.9 95.8 98.2 98.6 99.8 102.0 104.3 107.7 107.6 107.3 107.8 110.3 25 Net due to related foreign offices 3.8 3.6 3.6 3.0 3.2 4.5 4.9 5.0 5.0 4.7 3.8 3.8 26 Other liabilities 27.3 30.0 30.5 31.6 31.4 31.5 32.4 32.5 32.4 33.0 33.2 30.4 27 TOTAL LIABILITIES 1,444.8 1,555.6 1,572.7 1,574.6 1,577.9 1,595.3 1,609.6 1,616.7 1,634.2 1,621.5 1,626.6 1,625.8 28 Residual (assets less liabilities) (7) 119.1 129.3 128.9 132.6 131.7 131.0 131.4 131.9 130.9 133.8 133.1 123.6 MEMO 31 Mortgage-backed securities (9) 46.6 56.4 58.8 60.1 61.8 64.1 65.2 68.0 68.8 68.7 68.4 68.7 ------------------------------------------------- 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 July 2, 1999 Account 1998 1998 1998 1999 1999 1999 1999 1999 Week ending May Nov Dec Jan Feb Mar Apr May Jun 2 Jun 9 Jun 16 Jun 23 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 569.8 612.3 600.4 585.3 570.4 554.7 551.4 542.6 540.4 532.2 535.5 537.1 2 Securities in bank credit 202.4 215.8 213.8 211.7 204.6 198.6 200.5 197.1 198.1 193.8 196.1 195.4 3 U.S. government securities 89.2 82.3 82.8 84.2 82.9 83.7 87.1 85.0 86.0 85.6 88.1 87.6 4 Other securities 113.3 133.5 131.0 127.5 121.7 114.8 113.4 112.1 112.2 108.2 108.0 107.8 5 Loans and leases in bank credit (2) 367.3 396.5 386.7 373.6 365.8 356.1 350.9 345.6 342.3 338.5 339.4 341.7 6 Commercial and industrial 212.4 223.6 217.8 213.5 212.3 210.8 208.3 201.1 199.3 198.0 197.6 197.1 7 Real estate 24.6 22.7 21.7 21.4 20.5 19.8 19.7 19.6 19.6 19.4 18.7 18.7 11 Security (3) 59.6 65.4 66.3 63.2 59.4 50.7 51.4 52.6 51.4 50.1 50.4 51.8 12 Other loans and leases 70.7 84.9 80.8 75.5 73.5 74.7 71.5 72.2 72.0 71.0 72.7 74.2 13 Interbank loans 21.8 27.3 28.1 29.4 31.5 25.7 25.4 26.8 29.0 24.5 25.5 23.9 14 Cash assets (4) 34.7 35.0 36.0 36.6 36.3 37.1 37.7 38.9 39.0 37.8 37.3 33.0 15 Other assets (5) 35.1 37.0 38.6 38.7 37.9 37.6 37.4 35.3 32.6 31.0 35.4 30.2 16 TOTAL ASSETS (6) 661.1 711.4 702.9 689.7 675.8 654.8 651.7 643.4 640.7 625.3 633.4 623.9 L I A B I L I T I E S 17 Deposits 296.4 317.6 311.9 321.0 322.1 310.4 313.8 311.7 307.0 304.7 309.0 306.3 18 Transaction 11.7 12.9 11.6 12.9 13.7 12.7 12.2 12.5 12.8 12.8 13.1 12.5 19 Nontransaction 284.8 304.6 300.4 308.0 308.4 297.8 301.6 299.3 294.2 291.9 295.9 293.8 22 Borrowings 182.3 214.7 203.8 193.6 181.0 174.5 174.7 175.7 176.1 182.9 187.3 182.7 23 From banks in the U.S. 22.1 32.4 27.4 21.6 17.9 24.0 21.2 21.1 21.5 25.8 30.2 25.8 24 From others 160.2 182.3 176.4 172.0 163.1 150.5 153.5 154.5 154.7 157.1 157.1 156.9 25 Net due to related foreign offices 103.8 99.2 101.4 101.7 100.1 99.6 95.1 85.8 91.1 74.7 70.7 68.3 26 Other liabilities 68.3 76.2 76.8 74.5 70.4 67.9 67.4 60.8 61.9 58.1 60.9 57.9 27 TOTAL LIABILITIES 650.8 707.7 694.0 690.8 673.6 652.5 650.9 634.0 636.0 620.4 627.8 615.3 28 Residual (assets less liabilities) (7) 10.3 3.8 8.9 -1.1 2.2 2.3 0.8 9.4 4.6 4.9 5.6 8.6 ------------------------------------------------- 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 July 2, 1999 Account 1998 1998 1998 1999 1999 1999 1999 1999 Week ending May Nov Dec Jan Feb Mar Apr May Jun 2 Jun 9 Jun 16 Jun 23 -------- -------- -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- A S S E T S 1 Bank credit 564.6 615.5 603.3 588.8 574.1 556.3 548.5 537.3 538.6 529.3 531.2 531.9 2 Securities in bank credit 201.0 219.0 212.4 212.0 206.3 199.7 198.9 195.3 198.5 194.0 194.1 193.6 3 U.S. government securities 89.9 82.7 83.0 83.9 83.2 84.6 86.7 85.7 87.2 86.6 88.1 87.4 3a Trading account 20.9 14.2 15.3 17.4 18.0 19.1 20.3 17.5 18.8 18.8 19.4 19.1 3b Investment account 69.0 68.6 67.7 66.5 65.3 65.5 66.4 68.2 68.4 67.7 68.7 68.3 4 Other securities 111.1 136.3 129.4 128.1 123.0 115.1 112.1 109.6 111.3 107.4 106.0 106.2 4a Trading account 66.7 84.9 79.1 79.0 74.7 70.3 68.4 67.6 68.8 64.5 62.9 63.0 4b Investment account 44.5 51.4 50.4 49.1 48.3 44.8 43.8 42.0 42.6 42.9 43.1 43.1 5 Loans and leases in bank credit (2) 363.6 396.5 390.9 376.8 367.8 356.6 349.7 342.0 340.1 335.4 337.0 338.3 6 Commercial and industrial 209.9 224.8 220.5 215.3 214.2 211.2 206.8 198.5 197.2 195.6 195.5 195.5 7 Real estate 24.3 22.9 21.8 21.6 20.9 19.9 19.5 19.3 19.3 19.1 18.5 18.5 11 Security (3) 59.2 64.7 66.8 63.2 59.1 51.4 51.4 52.4 51.3 49.9 50.9 51.6 12 Other loans and leases 70.2 84.1 81.8 76.8 73.7 74.1 72.0 71.8 72.3 70.7 72.2 72.7 13 Interbank loans 21.8 27.3 28.1 29.4 31.5 25.7 25.4 26.8 29.0 24.5 25.5 23.9 14 Cash assets (4) 34.4 35.6 37.5 37.0 35.5 36.0 36.4 38.5 40.0 38.5 38.3 33.8 15 Other assets (5) 34.5 37.2 40.1 39.0 39.0 38.2 35.7 34.6 32.0 30.6 34.3 28.8 16 TOTAL ASSETS (6) 655.1 715.4 708.7 693.9 679.9 655.9 645.8 637.1 639.4 622.6 628.9 618.1 L I A B I L I T I E S 17 Deposits 298.7 317.1 315.6 318.4 320.8 313.7 313.2 314.0 310.1 306.9 309.3 306.6 18 Transaction 11.4 12.8 12.0 13.0 13.5 12.8 12.0 12.2 12.7 12.1 12.7 12.2 19 Nontransaction 287.3 304.3 303.6 305.4 307.4 300.9 301.2 301.8 297.4 294.8 296.6 294.4 22 Borrowings 182.3 214.7 203.8 193.6 181.0 174.5 174.7 175.7 176.1 182.9 187.3 182.7 23 From banks in the U.S. 22.1 32.4 27.4 21.6 17.9 24.0 21.2 21.1 21.5 25.8 30.2 25.8 24 From others 160.2 182.3 176.4 172.0 163.1 150.5 153.5 154.5 154.7 157.1 157.1 156.9 25 Net due to related foreign offices 102.1 102.6 107.7 104.4 103.7 97.8 89.5 83.9 88.7 71.3 68.3 68.3 26 Other liabilities 67.8 77.2 78.2 74.7 72.0 68.0 66.3 60.4 61.5 57.9 60.3 57.3 27 TOTAL LIABILITIES 650.8 711.7 705.3 691.1 677.5 653.9 643.6 633.9 636.4 619.0 625.2 614.9 28 Residual (assets less liabilities) (7) 4.3 3.7 3.4 2.8 2.3 2.0 2.2 3.1 3.0 3.6 3.8 3.2 MEMO 29 Reval. gains on off-bal. sheet items (8) 40.3 48.6 48.2 46.0 43.6 40.2 38.8 36.8 37.4 34.6 33.7 32.8 30 Reval. losses on off-bal. sheet items (8) 38.7 44.9 44.5 42.3 41.3 39.2 38.9 36.0 36.3 33.6 32.7 31.6 ------------------------------------------------- Footnotes appear on page 13. H.8 (510) Footnotes Page 13 July 2, 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.