For Release 4:15 Table I May 15, 2008 Primary Dealer Transactions in U.S. Government, Federal Agency, Government Sponsored Enterprise, Mortgage-backed, and Corporate Securities by Type of Counterparty1,2 For week ended May 07, 2008 (Daily Average Figures; In Millions of Dollars) U.S. Government Securities Outright Transactions Change from Previous Week With Inter-Dealer Brokers 228,162 11,662 With Others 307,531 6,622 TOTAL 535,694 18,284 Federal Agency and Government Sponsored Enterprise Securities (excluding Mortgage-backed securities) With Inter-dealer Brokers 8,982 2,543 With Others 91,537 -18,155 TOTAL 100,520 -15,612 Mortgage-backed Securities With Inter-dealer Brokers 133,306 61,796 With Others 350,550 199,594 TOTAL 483,855 261,391 Corporate Securities With Inter-dealer Brokers 731 98 With Others 210,402 14,180 TOTAL 211,133 14,278 Notes: 1. The figures represent purchases and sales in the market by the primary U.S. government securities dealers reporting to the Federal Reserve Bank of New York. Outright transactions include all U.S. government, federal agency, government sponsored enterprise, mortgage-backed, and corporate securities scheduled for immediate and forward delivery, as well as U.S. government securities traded on a "when-issued" basis between the announcement and issue date. Data do not include transactions under repurchase and reverse repurchase (resale) agreements. Averages are based on the number of trading days in the week. 2. These reports are based on data voluntarily submitted by primary dealers to the Federal Reserve Bank of New York (FRBNY) pursuant to forms and instructions available at: http://www.newyorkfed.org/markets/primarydealers.html. FRBNY expects primary dealers to submit accurate data, but FRBNY does not itself audit the data. Figures may not add due to rounding. Data may reflect revisions since prior publication. Government Securities Dealer Statistics Unit, Federal Reserve Bank of New York For Release 4:15 Table II May 15, 2008 Primary Dealer Transactions in U.S. Government, Federal Agency, Government Sponsored Enterprise, Mortgage-backed, and Corporate Securities1,2,3 For week ended May 07, 2008 (Daily Average Figures; In Millions of Dollars) Type of Security Outright Transactions Change from Previous Week U.S. Government Securities Treasury Bills 48,973 902 Coupon Securities due in 3 years or less 179,502 92 due in more than 3 years but less than or equal to 6 years 144,208 -19,652 due in more than 6 years but less than or equal to 11 years 121,093 25,979 due in more than 11 years 35,124 12,580 Treasury Inflation Index Securities (TIIS) 6,793 -1,616 Total U.S. Government Securities 535,694 18,284 Federal Agency and Government Sponsored Enterprise Securities Discount Notes 87,059 -11,639 Coupon Securities due in 3 years or less 7,397 -2,284 due in more than 3 years but less than or equal to 6 years 3,715 -387 due in more than 6 years but less than or equal to 11 years 2,064 -1,008 due in more than 11 years 285 -296 Total Federal Agency and Government Sponsored Enterprise Securities (excluding Mortgage-backed securities) 100,520 -15,612 Mortgage-backed Securities 483,855 261,391 Corporate Securities due in 1 year or less 186,891 12,850 due in more than 1 year 24,242 1,428 Total Corporate Securities 211,133 14,278 Notes: 1. The figures represent purchases and sales in the market by the primary U.S. government securities dealers reporting to the Federal Reserve Bank of New York. Outright transactions include all U.S. government, federal agency, government sponsored enterprise, mortgage-backed, and corporate securities scheduled for immediate and forward delivery, as well as all U.S. government securities traded on a "when-issued" basis between the announcement and issue date. Data do not include transactions under repurchase and reverse repurchase (resale) agreements. Averages are based on the number of trading days in the week. 2. Outright TIIS transactions are reported at principal value, excluding accrued interest, where principal value reflects the original issuance par amount (unadjusted for inflation) times the price times the index ratio. 3. These reports are based on data voluntarily submitted by primary dealers to the Federal Reserve Bank of New York (FRBNY) pursuant to forms and instructions available at: http://www.newyorkfed.org/markets/primarydealers.html. FRBNY expects primary dealers to submit accurate data, but FRBNY does not itself audit the data. * Data are not published if fewer than three dealers report transactions in this category. Figures may not add due to rounding. Data may reflect revisions since prior publication. Government Securities Dealer Statistics Unit, Federal Reserve Bank of New York For Release 4:15 Table III May 15, 2008 Primary Dealer Positions in U.S. Government, Federal Agency, Government Sponsored Enterprise, Mortgage-backed, and Corporate Securities1,2 As-of close of Trading May 07, 2008 (In Millions of Dollars) Type of Security Net Outright Position Change from Previous Week U.S. Government Securities Treasury Bills 1,763 19,319 Coupon Securities due in 3 years or less -34,082 -5,787 due in more than 3 years but less than or equal to 6 years -36,251 224 due in more than 6 years but less than or equal to 11 years -28,339 5,681 due in more than 11 years -5,495 -1,035 Treasury Inflation Index Securities (TIIS) 4,536 -1,505 Total U.S. Government Securities -97,868 16,897 Federal Agency and Government Sponsored Enterprise Securities Discount Notes 64,559 481 Coupon Securities due in 3 years or less 71,773 -3,573 due in more than 3 years but less than or equal to 6 years 7,002 1,142 due in more than 6 years but less than or equal to 11 years 11,199 -3,003 due in more than 11 years 8,438 54 Total Federal Agency and Government Sponsored Enterprise Securities (excluding Mortgage-backed Securities) 162,971 -4,899 Mortgage-backed Securities 46,728 -11,535 Corporate Securities due in 1 year or less 47,021 -962 due in more than 1 year 170,863 -475 Total Corporate Securities 217,884 -1,437 Notes: 1. The net outright position includes all U.S. government, federal agency, government sponsored enterprise, mortgage-backed and corporate securities scheduled for immediate and forward delivery, as well as U.S. government securities traded on a "when-issued" basis between the announcement and issue date. 2. These reports are based on data voluntarily submitted by primary dealers to the Federal Reserve Bank of New York (FRBNY) pursuant to forms and instructions available at: http://www.newyorkfed.org/markets/primarydealers.html. FRBNY expects primary dealers to submit accurate data, but FRBNY does not itself audit the data. * Data are not published if fewer than three dealers report positions in this category. Figures may not add due to rounding. Data may reflect revisions since prior publication. Government Securities Dealer Statistics Unit, Federal Reserve Bank of New York For Release 4:15 Table IV May 15, 2008 Financing by Primary U.S. Government Securities Dealers1,2,3 Amount Outstanding as of May 07, 2008 (In Millions of Dollars) Type of Financing Overnight & Contin Term Agreements Total Change From Previous Week Securities In U.S. Treasury Securities 1,535,892 1,174,778 2,710,670 28,453 Federal Agency and Government Sponsored Enterprise Securities 280,126 312,214 592,340 24,497 Mortgage-backed Securities 198,947 405,641 604,588 2,725 Corporate Securities 142,740 58,581 201,321 -1,182 Securities Out U.S. Treasury Securities 1,514,068 992,223 2,506,291 30,313 Federal Agency and Government Sponsored Enterprise Securities 453,820 227,173 680,993 35,364 Mortgage-backed Securities 828,977 212,705 1,041,682 -12,200 Corporate Securities 333,624 79,986 413,610 -2,392 Memorandum Reverse Repurchase Agreements 1,138,618 1,597,293 2,735,911 46,000 Repurchase Agreements 2,758,283 1,433,516 4,191,799 56,045 Notes: 1. Financing data are reported by the primary U.S. government securities dealers reporting to the Federal Reserve Bank of New York. Figures cover financing involving U.S. government, federal agency, government sponsored enterprise, mortgage-backed and corporate securities. 2. Financing transactions for Treasury inflation index securities (TIIS) are reported in actual funds paid or received, except for pledged securities. TIIS that are used as pledged securities are reported at par value, which is the value of the security at original issuance (unadjusted for inflation). 3. These reports are based on data voluntarily submitted by primary dealers to the Federal Reserve Bank of New York (FRBNY) pursuant to forms and instructions available at: http://www.newyorkfed.org/markets/primarydealers.html. FRBNY expects primary dealers to submit accurate data, but FRBNY does not itself audit the data. * Data are not published if fewer than three dealer report financing in this category. Figures may not add due to rounding. Data may reflect revisions since prior publication. Government Securities Dealer Statistics Unit, Federal Reserve Bank of New York For Release 4:15 Table V May 15, 2008 Fails by Primary U.S. Government Securities Dealers1,2 For week ended May 07, 2008 (In Millions of Dollars) Type of Security3 Fails to ReceiChange from PFails to DeliChange from Previous Week U.S. Treasury Securities 481,584 -147,786 462,185 -186,926 Federal Agency and Government Sponsored Enterprise Securities 8,946 -4,596 8,572 -4,437 Mortgage-backed Securities5 8,380 -14,648 6,335 -13,202 Corporate Securities 16,996 -9,058 19,733 -8,598 Notes: 1. Delivery Fails occur when a trade fails to settle on schedule. There are two parties to every fail: one party fails to receive the security (fails to receive) and one party fails to deliver the security (fails to deliver). Outright purchase and sale transactions can result in a fail. Financing transactions (securities borrowed or securities lent, also known as the market for collateral) may also result in a fail. 2. These reports are based on data voluntarily submitted by primary dealers to the Federal Reserve Bank of New York (FRBNY) pursuant to forms and instructions available at: http://www.newyorkfed.org/markets/primarydealers.html. FRBNY expects primary dealers to submit accurate data, but FRBNY does not itself audit the data. 3. Aggregated fails data are aggregated across four distinct securities categories: Treasury Securities, Agency Securities, Mortgage-Backed Securities, and Corporate Securities. While fails are reported separately for these four categories, there is no defined breakdown within each category. For example, fails for Treasury bills are not reported separately from fails for Treasury notes. 4. Fails data reflect cumulative weekly aggregated 'fails to receive' and 'fails to deliver' for the primary dealer community. Aged fails are not reported separately from overall fails. Fails are reported at the amount that was to be paid or received on the day the failed trade was to settle. 5. Fails in Mortgage-Backed securities include 'to be announced' securities where the settlement date is beyond the contractual settlement date. * Data are not published if fewer than three dealer report financing in this category. Figures may not add due to rounding. Data may reflect revisions since prior publication. Government Securities Dealer Statistics Unit, Federal Reserve Bank of New York