Table 10

Total Allowances for Credit Losses & Coverage Ratio*
Panel A - Total allowances for Credit Losses (in $)

As of December 31,

1997

1996

Loans

   

Derivative + Foreign Exchange Contracts

   

Lending-Related Commitments

   

Aggregate Allowances

   
Panel B - Total Allowances for Credit Losses (in %)

As of December 31,

1997

1996

Non-Performing Loans

   

Loans at Period-End

   

Average Loans

   

*This table can be refined to allow for a detailed decomposition of the aggregate allowances and in particular to allow for the distinction between expected and unexpected losses based on the firm's internal credit risk model.