New details by type of financial instrument available from the U.S. Treasury Department’s international statistical collection system resulted in revisions to bank and nonbank income receipts and payments for 2001-2002. Also as a result of new details by instrument, coverage of brokerage balances, mostly in the form of repurchase agreements, was substantially improved. In addition, transactions of U.S. securities brokers and dealers with their affiliates, previously included in the nonbanking accounts, were reclassified to the banking accounts so that all transactions of U.S. securities brokers and dealers would be presented in a single account. The reclassification begins in 2003.
Published