| Chart 1 | |||
| Industry Exposure to GSE-Related Securities Has Risen Markedly Since 2001 |
|||
| Date | Industry GSE-Related Holdings as a Percent of Tier 1 Capital |
MBS | Direct Obligations |
|---|---|---|---|
| 1994 | 146 | 120% | 27% |
| 1995 | 136 | 107% | 30% |
| 1996 | 132 | 99% | 34% |
| 1997 | 129 | 94% | 35% |
| 1998 | 136 | 99% | 37% |
| 1999 | 150 | 108% | 43% |
| 2000 | 145 | 99% | 47% |
| 2001 | 137 | 95% | 42% |
| 2002 | 139 | 102% | 38% |
| 2003 | 160 | 120% | 40% |
| 200309 | 154 | 111% | 43% |
| Source: Call Reports and Thrift Financial Reports | |||