CUSIPs, Trades and Par Value by Security Type
May 2004
Security Type	CUSIPs	% of Total	Trades	% of Total	Par Value	% of Total	Average Size All Trades
Bond	99,875	91.1%	653,927	89.2%	$123,849,684,920	34.4%	$189,394
Long Note	1,492	1.4%	5,881	0.8%	$6,616,301,250	1.8%	$1,125,030
Short Note	208	0.2%	508	0.1%	$913,231,294	0.3%	$1,797,699
Long Variable	306	0.3%	4,963	0.7%	$5,616,822,638	1.6%	$1,131,739
Short Variable	6,717	6.1%	65,664	9.0%	$209,382,844,803	58.1%	$3,188,701
CP	526	0.5%	814	0.1%	$7,492,829,000	2.1%	$9,204,950
Other	557	0.5%	1,729	0.2%	$6,355,083,929	1.8%	$3,675,584
Total	109,681	100%	733,486	100%	$360,226,797,834	100%	$491,116
Security Type	Inter-Dealer CUSIPs	% of Total	Inter-Dealer Trades	% of Total	Inter-Dealer Par	% of Total	Inter-Dealer Average Size
Bond	43,484	97.7%	143,615	98.1%	$35,790,737,000	93.4%	$249,213
Long Note	442	1.0%	956	0.7%	$618,362,000	1.6%	$646,822
Short Note	37	0.1%	55	0.0%	$40,086,000	0.1%	$728,836
Long Variable	134	0.3%	964	0.7%	$917,612,000	2.4%	$951,880
Short Variable	343	0.8%	659	0.5%	$751,779,000	2.0%	$1,140,788
CP	0	0.0%	0	0.0%	$0	0.0%	-
Other	61	0.1%	88	0.1%	$212,710,000	0.6%	$2,417,159
Total	44,501	100%	146,337	100%	$38,331,286,000	100%
Security Type	Customer CUSIPs	% of Total	Customer Trades	% of Total	Customer Par	% of Total	Customer Average Size
Bond	99,025	91.0%	510,312	86.9%	$88,058,947,920	27.4%	$172,559
Long Note	1,462	1.3%	4,925	0.8%	$5,997,939,250	1.9%	$1,217,856
Short Note	204	0.2%	453	0.1%	$873,145,294	0.3%	$1,927,473
Long Variable	305	0.3%	3,999	0.7%	$4,699,210,638	1.5%	$1,175,096
Short Variable	6,715	6.2%	65,005	11.1%	$208,631,065,803	64.8%	$3,209,462
CP	526	0.5%	814	0.1%	$7,492,829,000	2.3%	$9,204,950
Other	544	0.5%	1,641	0.3%	$6,142,373,929	1.9%	$3,743,068
Total	108,781	100%	587,149	100%	$321,895,511,834	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	93,410	91.3%	381,382	89.8%	$56,143,206,477	30.5%	$147,210
Long Note	1,402	1.4%	3,863	0.9%	$3,557,535,692	1.9%	$920,926
Short Note	199	0.2%	392	0.1%	$585,795,554	0.3%	$1,494,376
Long Variable	285	0.3%	3,300	0.8%	$3,889,431,002	2.1%	$1,178,615
Short Variable	6,114	6.0%	34,154	8.0%	$110,634,945,808	60.0%	$3,239,297
CP	506	0.5%	637	0.2%	$6,054,970,000	3.3%	$9,505,447
Other	439	0.4%	898	0.2%	$3,447,584,514	1.9%	$3,839,181
Total	102,355	100%	424,626	100%	184,313,469,047	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	70,480	91.0%	128,930	79.3%	$31,915,741,443	23.2%	$247,543
Long Note	555	0.7%	1,062	0.7%	$2,440,403,558	1.8%	$2,297,932
Short Note	40	0.1%	61	0.0%	$287,349,740	0.2%	$4,710,651
Long Variable	210	0.3%	699	0.4%	$809,779,636	0.6%	$1,158,483
Short Variable	5,622	7.3%	30,851	19.0%	$97,996,119,995	71.2%	$3,176,433
CP	161	0.2%	177	0.1%	$1,437,859,000	1.0%	$8,123,497
Other	341	0.4%	743	0.5%	$2,694,789,415	2.0%	$3,626,904
Total	77,409	100%	162,523	100%	137,582,042,787	100%