CUSIPs, Trades and Par Value by Security Type
July 2004
Security Type	CUSIPs	% of Total	Trades	% of Total	Par Value	% of Total	Average Size All Trades
Bond	86,230	89.9%	530,916	87.0%	$99,353,137,942	32.2%	$187,135
Long Note	1,492	1.6%	6,041	1.0%	$7,789,039,690	2.5%	$1,289,363
Short Note	223	0.2%	564	0.1%	$711,206,276	0.2%	$1,261,004
Long Variable	266	0.3%	2,730	0.4%	$2,333,560,273	0.8%	$854,784
Short Variable	6,614	6.9%	67,592	11.1%	$183,852,675,241	59.6%	$2,720,036
CP	576	0.6%	973	0.2%	$7,721,651,000	2.5%	$7,935,921
Other	494	0.5%	1,747	0.3%	$6,945,986,752	2.3%	$3,975,951
Total	95,895	100%	610,563	100%	$308,707,257,174	100%	$505,611
Security Type	Inter-Dealer CUSIPs	% of Total	Inter-Dealer Trades	% of Total	Inter-Dealer Par	% of Total	Inter-Dealer Average Size
Bond	39,161	95.9%	125,725	96.7%	$31,423,417,000	84.7%	$249,938
Long Note	518	1.3%	1,123	0.9%	$853,288,000	2.3%	$759,829
Short Note	52	0.1%	92	0.1%	$54,600,000	0.1%	$593,478
Long Variable	142	0.3%	597	0.5%	$485,918,000	1.3%	$813,933
Short Variable	944	2.3%	2,389	1.8%	$4,264,323,000	11.5%	$1,784,982
CP	0	0.0%	0	0.0%	$0	0.0%	-
Other	39	0.1%	70	0.1%	$28,260,000	0.1%	$403,714
Total	40,856	100%	129,996	100%	$37,109,806,000	100%
Security Type	Customer CUSIPs	% of Total	Customer Trades	% of Total	Customer Par	% of Total	Customer Average Size
Bond	85,431	89.9%	405,191	84.3%	$67,929,720,942	25.0%	$167,649
Long Note	1,483	1.6%	4,918	1.0%	$6,935,751,690	2.6%	$1,410,279
Short Note	219	0.2%	472	0.1%	$656,606,276	0.2%	$1,391,115
Long Variable	262	0.3%	2,133	0.4%	$1,847,642,273	0.7%	$866,218
Short Variable	6,601	6.9%	65,203	13.6%	$179,588,352,241	66.1%	$2,754,296
CP	576	0.6%	973	0.2%	$7,721,651,000	2.8%	$7,935,921
Other	482	0.5%	1,677	0.3%	$6,917,726,752	2.5%	$4,125,061
Total	95,054	100%	480,567	100%	$271,597,451,174	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	79,866	90.0%	303,123	87.2%	$42,892,176,485	27.8%	$141,501
Long Note	1,441	1.6%	4,299	1.2%	$5,316,228,729	3.4%	$1,236,620
Short Note	217	0.2%	442	0.1%	$549,324,276	0.4%	$1,242,815
Long Variable	240	0.3%	1,612	0.5%	$1,236,192,091	0.8%	$766,869
Short Variable	6,009	6.8%	36,309	10.4%	$94,925,838,741	61.4%	$2,614,389
CP	557	0.6%	682	0.2%	$5,467,065,000	3.5%	$8,016,224
Other	414	0.5%	1,073	0.3%	$4,124,234,961	2.7%	$3,843,649
Total	88,744	100%	347,540	100%	154,511,060,283	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	60,064	89.9%	102,068	76.7%	$25,037,544,457	21.4%	$245,303
Long Note	458	0.7%	619	0.5%	$1,619,522,961	1.4%	$2,616,354
Short Note	22	0.0%	30	0.0%	$107,282,000	0.1%	$3,576,067
Long Variable	202	0.3%	521	0.4%	$611,450,182	0.5%	$1,173,609
Short Variable	5,532	8.3%	28,894	21.7%	$84,662,513,500	72.3%	$2,930,107
CP	232	0.3%	291	0.2%	$2,254,586,000	1.9%	$7,747,718
Other	305	0.5%	604	0.5%	$2,793,491,791	2.4%	$4,624,986
Total	66,815	100%	133,027	100%	117,086,390,891	100%