A bank's balance sheet information is shown below (in S000). On Balance Sheet Items. Cash Short-term government securities ( <92 days) long-term government securities (>92 days) Federal Reserve stock Repos secured by federal agencies Claims on U.S. depository institutions Loans to foreign banks, OECD CRC rated 2 General obligation municipals Claims on or guaranteed by federal agencies Municipal revenue bonds Residential mortgages, category 1, loan-to-value ratio 75% Commercial loans Loans to sovereigns, OECD CRC rated 3. Premises and equipment Off Balance Sheet Items: U.S. Government Counterparty Loan commitments: <1 year 1-5 standby letters of credit: performance-related direct-credit substitute u.s. depository institutions counterparty loan commitments: <1>1 year Standby letters of credit: Performance-related Direct-credit substitute Commercial letters of credit State and Local Government Counterparty (revenue municipals) Loan commitments: >1 year Standby letters of credit: Performance-related Corporate Customer Counterparty Loan commitments: <1 year face value $ 129,600 6,200 422,400 10,600 167,000 945,900 1,720,000 178,000 27,300 120,900 5,800,000 5,467,669 12,400 463,000 conversion factor (%)) 20 50 100 300 1,140 200 3,000 2001 56,400 400 135,400 3,212,400 1-5 (notional amount) corporate customer counterparty loan commitments: <1>1 year Standby letters of credit: Performance-related Direct-credit substitute. Commercial letters of credit Sovereign Counterparty Loan commitments, OECD CRC rated 1:1 <1 year>1 year Sovereign Counterparty Loan commitments, OECD CRC rated 2: <1 year>1 year Sovereign Counterparty) Loan commitments, OECD CRC rated 7: >1 year Interest rate market contracts (current exposure assumed to be zero): <1 capital