CUSIPs, Trades and Par Value by Security Type
December 2004
Security Type	CUSIPs	% of Total	Trades	% of Total	Par Value	% of Total	Average Size All Trades
Bond	92,677	88.9%	499,072	81.0%	$103,124,902,292	25.0%	$206,633
Long Note	1,675	1.6%	7,436	1.2%	$6,028,097,828	1.5%	$810,664
Short Note	307	0.3%	1,202	0.2%	$2,504,684,988	0.6%	$2,083,765
Long Variable	335	0.3%	4,552	0.7%	$3,168,651,814	0.8%	$696,101
Short Variable	8,032	7.7%	100,832	16.4%	$278,126,053,649	67.4%	$2,758,311
CP	629	0.6%	1,048	0.2%	$11,396,788,000	2.8%	$10,874,798
Other	613	0.6%	2,332	0.4%	$8,070,707,664	2.0%	$3,460,852
Total	104,268	100%	616,474	100%	$412,419,886,235	100%	$668,998
Security Type	Inter-Dealer CUSIPs	% of Total	Inter-Dealer Trades	% of Total	Inter-Dealer Par	% of Total	Inter-Dealer Average Size
Bond	42,299	94.5%	127,163	94.4%	$32,822,264,000	77.3%	$258,112
Long Note	592	1.3%	1,432	1.1%	$729,095,000	1.7%	$509,145
Short Note	67	0.1%	156	0.1%	$266,740,000	0.6%	$1,709,872
Long Variable	136	0.3%	673	0.5%	$468,243,000	1.1%	$695,755
Short Variable	1,590	3.6%	5,132	3.8%	$8,037,990,000	18.9%	$1,566,249
CP	0	0.0%	0	0.0%	$0	0.0%	-
Other	75	0.2%	177	0.1%	$148,032,000	0.3%	$836,339
Total	44,759	100%	134,733	100%	$42,472,364,000	100%
Security Type	Customer CUSIPs	% of Total	Customer Trades	% of Total	Customer Par	% of Total	Customer Average Size
Bond	91,496	88.8%	371,909	77.2%	$70,302,638,292	19.0%	$189,032
Long Note	1,662	1.6%	6,004	1.2%	$5,299,002,828	1.4%	$882,579
Short Note	306	0.3%	1,046	0.2%	$2,237,944,988	0.6%	$2,139,527
Long Variable	335	0.3%	3,879	0.8%	$2,700,408,814	0.7%	$696,161
Short Variable	8,031	7.8%	95,700	19.9%	$270,088,063,649	73.0%	$2,822,237
CP	629	0.6%	1,048	0.2%	$11,396,788,000	3.1%	$10,874,798
Other	603	0.6%	2,155	0.4%	$7,922,675,664	2.1%	$3,676,416
Total	103,062	100%	481,741	100%	$369,947,522,235	100%
Security Type	Customer Sell Side CUSIPs	% of Total	Sales to Customers	% of Total	Par Value of Sales to Customers	% of Total	Average Size of Sales to Customers
Bond	83,663	88.8%	264,449	81.6%	$46,569,137,015	22.2%	$176,099
Long Note	1,623	1.7%	5,146	1.6%	$3,916,509,456	1.9%	$761,078
Short Note	299	0.3%	937	0.3%	$2,102,067,988	1.0%	$2,243,402
Long Variable	308	0.3%	3,249	1.0%	$2,080,255,814	1.0%	$640,276
Short Variable	7,247	7.7%	48,277	14.9%	$142,168,695,149	67.7%	$2,944,854
CP	622	0.7%	827	0.3%	$8,854,945,000	4.2%	$10,707,310
Other	492	0.5%	1,303	0.4%	$4,351,882,087	2.1%	$3,339,894
Total	94,254	100%	324,188	100%	210,043,492,509	100%
Security Type	Customer Buy Side CUSIPs	% of Total	Purchases From Customers	% of Total	Par Value of Purchases From Customers	% of Total	Average Size of Purchases From Customers
Bond	64,508	88.5%	107,460	68.2%	$23,733,501,277	14.8%	$220,859
Long Note	614	0.8%	858	0.5%	$1,382,493,372	0.9%	$1,611,298
Short Note	50	0.1%	109	0.1%	$135,877,000	0.1%	$1,246,578
Long Variable	225	0.3%	630	0.4%	$620,153,000	0.4%	$984,370
Short Variable	6,947	9.5%	47,423	30.1%	$127,919,368,500	80.0%	$2,697,412
CP	185	0.3%	221	0.1%	$2,541,843,000	1.6%	$11,501,552
Other	388	0.5%	852	0.5%	$3,570,793,577	2.2%	$4,191,072
Total	72,917	100%	157,553	100%	159,904,029,726	100%