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Date : Oct 08, 2008

Table 142 : India’s Overall Balance of Payments – US Dollars

US DOLLARS
(US $ million)
Item / Year			1990-91			1991-92			1992-93
			Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net
1			2	3	4	5	6	7	8	9	10
A. Current Account
1.	Merchandise		18477	27915	-9438	18266	21064	-2798	18869	24316	-5447

2.	Invisibles (a+b+c)		7464	7706	-242	9502	7882	1620	9334	7413	1921

	a)	Services	4551	3571	980	5022	3815	1207	4730	3601	1129
		i) Travel	1456	392	1064	1977	465	1512	2098	385	1713
		ii) Transportation	983	1093	-110	939	1288	-349	982	1485	-503
		iii) Insurance	111	88	23	108	126	-18	158	146	12
		iv) G.n.i.e.	15	173	-158	17	120	-103	75	100	-25
		v) Miscellaneous	1986	1825	161	1981	1816	165	1417	1485	-68

	b)	Transfers	2545	15	2530	4258	16	4242	4228	13	4215
		i) Official	462	1	461	460	1	459	364	1	363
		ii) Private	2083	14	2069	3798	15	3783	3864	12	3852

	c)	Income	368	4120	-3752	222	4051	-3829	376	3799	-3423

Total Current Account (1+2)			25941	35621	-9680	27768	28946	-1178	28203	31729	-3526

B. Capital Account

1.	Foreign Investment (a+b)		113	10	103	151	18	133	589	32	557

	a)	In India	113	10	103	151	18	133	589	32	557
		i) Direct	107	10	97	147	18	129	345	30	315
		ii) Portfolio	6	0	6	4	0	4	244	2	242

	b)	Abroad	-	-	-	-	-	-	-	-	-
2.	Loans (a+b+c)		9432	3899	5533	9419	5437	3982	8671	8260	411

	a)	External assistance	3397	1193	2204	4367	1333	3034	3302	1446	1856
		i) By India	0	6	-6	0	5	-5	0	3	-3
		ii) To India	3397	1187	2210	4367	1328	3039	3302	1443	1859

	b)	Commercial borrowings	4282	2028	2254	3152	1690	1462	1179	1545	-366
		(MT & LT)
		i) By India	30	24	6	19	13	6	12	20	-8
		ii) To India	4252	2004	2248	3133	1677	1456	1167	1525	-358

	c)	Short term to India	1753	678	1075	1900	2414	-514	4190	5269	-1079

3.	Banking Capital (a+b)		10106	9424	682	10961	10394	567	11998	8172	3826

	a)	Commercial banks	7960	7056	904	9068	8930	138	10653	7723	2930
		i) Assets	425	789	-364	1336	1107	229	1234	161	1073
		ii) Liabilities	7535	6267	1268	7732	7823	-91	9419	7562	1857
		of which:
		Non-resident deposits	7348	5811	1537	7696	7406	290	9188	7187	2001

	b)	Others	2146	2368	-222	1893	1464	429	1345	449	896

4.Rupee Debt Service			0	1193	-1193	0	1240	-1240	0	878	-878

5.Other Capital			3117	1186	1931	2808	2335	473	1359	1399	-40

	Total Capital Account (1 to 5)		22768	15712	7056	23339	19424	3915	22617	18741	3876

C. Errors & Omissions			132	0	132	0	138	-138	0	940	-940

D. Overall Balance (A+B+C)			48841	51333	-2492	51107	48508	2599	50820	51410	-590

E. Monetary Movements (i+ii)			3136	644	2492	1245	3844	-2599	1623	1033	590
i)	I.M.F.		1858	644	1214	1245	460	785	1623	335	1288
ii)	Foreign exchange reserves		1278	0	1278	0	3384	-3384	0	698	-698
	(Increase - / Decrease +)

TABLE 142 : INDIA'S OVERALL BALANCE OF PAYMENTS –
US DOLLARS (Contd.)
(US $ million)
Item / Year			1993-94			1994-95			1995-96			1996-97
			Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net
1			11	12	13	14	15	16	17	18	19	20	21	22

A. Current Account

1.	Merchandise		22683	26739	-4056	26855	35904	-9049	32310	43670	-11359	34133	48948	-14815

2.	Invisibles (a+b+c)		11319	8422	2897	15554	9874	5680	17664	12217	5447	21405	11209	10196

	a)	Services	5264	4730	534	6135	5533	602	7344	7544	-200	7474	6748	726
		i) Travel	2222	497	1725	2365	818	1547	2712	1168	1544	2878	858	2020
		ii) Transportation	1433	1765	-332	1696	1863	-167	2011	2169	-158	1953	2394	-441
		iii) Insurance	124	196	-72	152	181	-29	179	143	36	217	153	64
		iv) G.n.i.e.	30	153	-123	10	165	-155	13	218	-205	72	178	-106
		v) Miscellaneous	1455	2119	-664	1912	2506	-594	2430	3847	-1417	2354	3165	-811

	b)	Transfers	5660	27	5633	8533	24	8509	8891	39	8852	12858	81	12777
		i) Official	374	5	369	421	5	416	351	6	345	423	13	410
		ii) Private	5286	22	5264	8112	19	8093	8540	32	8507	12435	68	12367

	c)	Income	395	3665	-3270	886	4317	-3431	1430	4634	-3205	1073	4380	-3307

Total Current Account (1+2)			34002	35161	-1159	42409	45778	-3369	49974	55886	-5912	55538	60157	-4619

B. Capital Account

1.	Foreign Investment (a+b)		4609	376	4233	5763	956	4807	5644	1029	4615	7825	1861	5964

	a)	In India	4609	376	4233	5753	831	4922	5629	826	4804	7817	1663	6154
		i) Direct	651	65	586	1351	8	1343	2174	30	2143	2864	22	2842
		ii) Portfolio	3958	311	3647	4402	823	3579	3456	795	2660	4953	1641	3312

	b)	Abroad	0	0	0	10	125	-115	15	203	-188	8	198	-190

2.	Loans (a+b+c)		9970	8158	1812	10930	7895	3035	11331	9132	2200	17720	12925	4795

	a)	External assistance	3475	1580	1895	3193	1675	1518	2933	2066	868	3056	1955	1101
		i) By India	0	6	-6	2	10	-8	0	17	-17	0	8	-8
		ii) To India	3475	1574	1901	3191	1665	1526	2933	2049	884	3056	1947	1109

	b)	Commercial borrowings	3015	2329	686	4249	3125	1124	4261	2977	1284	7579	4723	2856
		(MT & LT)
		i) By India	102	24	78	97	3	94	9	0	9	8	0	8
		ii) To India	2913	2305	608	4152	3122	1030	4252	2977	1275	7571	4723	2848

	c)	Short term to India	3480	4249	-769	3488	3095	393	4137	4089	48	7085	6247	838

3.	Banking Capital (a+b)		11501	9237	2264	7020	7354	-334	6453	5690	763	8018	5789	2229

	a)	Commercial banks	10614	8956	1658	6449	7075	-626	6172	5234	938	7632	5407	2225
		i) Assets	276	1120	-844	241	1203	-962	867	1252	-385	755	1625	-870
		ii) Liabilities	10338	7836	2502	6208	5872	336	5304	3982	1322	6877	3782	3095
		of which:
		Non-resident deposits	8851	7644	1207	5805	5633	172	4929	3824	1104	6775	3425	3350

	b)	Others	887	281	606	571	279	292	281	456	-175	386	382	4

4.	Rupee Debt Service		0	1054	-1054	0	983	-983	0	952	-952	0	727	-727

5.	Other Capital		2873	1234	1639	2202	225	1977	748	3285	-2537	2629	2883	-254

Total Capital Account (1 to 5)			28953	20059	8894	25915	17413	8502	24176	20087	4089	36192	24185	12007

C. Errors & Omissions			800	0	800	654	0	654	601	0	601	0	595	-595

D. Overall Balance (A+B+C)			63755	55220	8535	68978	63191	5787	74752	75974	-1222	91730	84937	6793

E. Monetary Movements (i+ii)			321	8856	-8535	0	5787	-5787	2937	1715	1222	0	6793	-6793
i)	I.M.F.		321	133	188	0	1143	-1143	0	1715	-1715	0	975	-975
ii)	Foreign exchange reserves		0	8723	-8723	0	4644	-4644	2937	0	2937	0	5818	-5818
	(Increase - / Decrease +)

TABLE 142 : INDIA'S OVERALL BALANCE OF PAYMENTS –
US DOLLARS (Contd.)
(US $ million)
Item / Year		1997-98			1998-99			1999-2000
		Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net
1		23	24	25	26	27	28	29	30	31
A. Current Account

1.	Merchandise	35680	51187	-15507	34298	47544	-13246	37542	55383	-17841

2.	Invisibles (a+b+c)	23244	13236	10008	25770	16562	9208	30312	17169	13143
	a) Services	9429	8110	1319	13186	11021	2165	15709	11645	4064
	i) Travel	2914	1437	1477	2993	1743	1250	3036	2139	897
	ii) Transportation	1836	2522	-686	1925	2680	-755	1707	2410	-703
	iii) Insurance	240	183	57	224	112	112	231	122	109
	iv) G.n.i.e.	276	160	116	597	325	272	582	270	312
	v) Miscellaneous	4163	3808	355	7447	6161	1286	10153	6704	3449
	b) Transfers	12254	45	12209	10649	62	10587	12672	34	12638
	i) Official	379	0	379	308	1	307	382	0	382
	ii) Private	11875	45	11830	10341	61	10280	12290	34	12256
	c) Income	1561	5081	-3520	1935	5479	-3544	1931	5490	-3559
	i) Investment income	1561	5020	-3459	1893	5462	-3569	1783	5478	-3695
	ii) Compensation of employees	0	61	-61	42	17	25	148	12	136

Total current accout (1+2)		58924	64423	-5499	60068	64106	-4038	67854	72552	-4698

B. Capital Account

1.	Foreign Investment (a+b)	9266	3913	5353	5892	3580	2312	12240	7123	5117
	a) In India	9169	3779	5390	5743	3331	2412	12121	6930	5191
	i) Direct	3596	34	3562	2518	38	2480	2170	3	2167
	ii) Portfollo	5573	3745	1828	3225	3293	-68	9951	6927	3024
	b) Abroad	97	134	-37	149	249	-100	119	193	-74

2.	Loans (a+b+c)	17301	12502	4799	14771	10353	4418	13060	11459	1601
	a) External assistance	2885	2000	885	2726	1927	799	3074	2183	891
	i) By India	0	22	-22	0	21	-21	0	10	-10
	ii) To India	2885	1978	907	2726	1906	820	3074	2173	901
	b) Commercial borrowings	7382	3372	4010	7231	2864	4367	3207	2874	333
	(MT & LT)
	i) By India	11	0	11	5	0	5	20	0	20
	ii) To India	7371	3372	3999	7226	2864	4362	3187	2874	313
	c) Short term to India	7034	7130	-96	4814	5562	-748	6779	6402	377

3.	Banking Capital (a+b)	8910	9803	-893	8898	8199	699	10659	8532	2127
	a) Commercial banks	8164	9424	-1260	7469	7916	-447	10259	7955	2304
	i) Assets	580	2775	-2195	1344	2741	-1397	2653	1863	790
	ii) Liabilities	7584	6649	935	6125	5175	950	7606	6092	1514
	of which :
	Non-resident deposits	7532	6407	1125	6001	5040	961	7405	5865	1540
	b) Others	746	379	367	1429	283	1146	400	577	-177

4.	Rupee Debt Service	0	767	-767	0	802	-802	0	711	-711

5.	Other Capital	3815	2463	1352	4611	2801	1810	4572	2262	2310

Total capital accout (1 to 5)		39292	29448	9844	34172	25735	8437	40531	30087	10444

C. Errors & Omissions		166	0	166	0	177	-177	656	0	656

D. Overall Balance (A+B+C)		98382	93871	4511	94240	90018	4222	109041	102639	6402

E. Monetary Movements (I+ii)		0	4511	-4511	0	4222	-4222	0	6402	-6402
i)	I.M.F.	0	618	-618	0	393	-393	0	260	-260
ii)	Foreign exchange reserves	0	3893	-3893	0	3829	-3829	0	6142	-6142
	(Increase -/ Decrease +)

TABLE 142 : INDIA'S OVERALL BALANCE OF PAYMENTS –
US DOLLARS (Contd.)
(US $ million)
Item / Year			2000-01			2001-02			2002-03			2003-04
			Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net
1			32	33	34	35	36	37	38	39	40	41	42	43
A. Current Account
1.	Merchandise		45452	57912	-12460	44703	56277	-11574	53774	64464	-10690	66285	80003	-13718

2.	Invisibles (a+b+c)		32267	22473	9794	36737	21763	14974	41925	24890	17035	53508	25707	27801
	a) Services		16268	14576	1692	17140	13816	3324	20763	17120	3643	26868	16724	10144
	i)	Travel	3497	2804	693	3137	3014	123	3312	3341	-29	5037	3602	1435
	ii)	Transportation	2046	3558	-1512	2161	3467	-1306	2536	3272	-736	3207	2328	879
	iii)	Insurance	270	223	47	288	280	8	369	350	19	419	363	56
	iv)	G.n.i.e.	651	319	332	518	283	235	293	228	65	240	212	28
	v)	Miscellaneous	9804	7672	2132	11036	6772	4264	14253	9929	4324	17965	10219	7746
		of which : Software services	6341	591	5750	7556	672	6884	9600	737	8863	12800	476	12324
	b) Transfers		13317	211	13106	16218	362	15856	17640	802	16838	22736	574	22162
	i)	Official	252	0	252	458	0	458	451	0	451	554	0	554
	ii)	Private	13065	211	12854	15760	362	15398	17189	802	16387	22182	574	21608
	c) Income		2682	7686	-5004	3379	7585	-4206	3522	6968	-3446	3904	8409	-4505
	i)	Investment income	2554	7218	-4664	3254	7098	-3844	3405	6949	-3544	3774	7531	-3757
	ii)	Compensation of employees	128	468	-340	125	487	-362	117	19	98	130	878	-748

Total Current Account (1+2)			77719	80385	-2666	81440	78040	3400	95699	89354	6345	119793	105710	14083

B. Capital Account

1.	Foreign Investment (a+b)		17720	11858	5862	15488	8802	6686	14001	9840	4161	32682	18938	13744
	a) Foreign direct Investment (I + ii)		4101	829	3272	6229	1495	4734	5168	1951	3217	4464	2076	2388
	i)	In India	4031	0	4031	6130	5	6125	5095	59	5036	4322	0	4322
		Equity	2399	0	2399	4096	5	4091	2825	59	2766	2229	0	2229
		Reinvested earnings	1352	0	1352	1644	0	1644	1832	0	1832	1460	0	1460
		Other capital	280	0	280	390	0	390	438	0	438	633	0	633
	ii)	Abroad	70	829	-759	99	1490	-1391	73	1892	-1819	142	2076	-1934
		Equity	70	414	-344	99	669	-570	73	684	-611	142	1264	-1122
		Reinvested earnings	0	340	-340	0	700	-700	0	1104	-1104	0	552	-552
		Other capital	0	75	-75	0	121	-121	0	104	-104	0	260	-260
	b) Portfolio investment		13619	11029	2590	9259	7307	1952	8833	7889	944	28218	16862	11356
	In India		13619	10859	2760	9259	7238	2021	8833	7854	979	28218	16862	11356
	Abroad		0	170	-170	0	69	-69	0	35	-35	0	0	0

2.	Loans (a+b+c)		23806	18542	5264	11601	12862	-1261	11568	15418	-3850	19667	24031	-4364
	a) External assistance		2941	2531	410	3352	2235	1117	2878	6006	-3128	3350	6208	-2858
	i)	By India	0	17	-17	0	87	-87	0	32	-32	24	128	-104
	ii)	To India	2941	2514	427	3352	2148	1204	2878	5974	-3096	3326	6080	-2754
	b) Commercial borrowings		9621	5318	4303	2687	4272	-1585	3514	5206	-1692	5228	8153	-2925
	(MT & LT)
	i)	By India	0	5	-5	3	0	3	9	0	9	3	0	3
	ii)	To India	9621	5313	4308	2684	4272	-1588	3505	5206	-1701	5225	8153	-2928
	c) Short term to India		11244	10693	551	5562	6355	-793	5176	4206	970	11089	9670	1419

3.	Banking Capital (a+b)		9744	11705	-1961	13870	11006	2864	18958	8533	10425	19222	13189	6033
	a) Commercial banks		9423	11305	-1882	13385	10725	2660	18422	8287	10135	18887	12386	6501
	i)	Assets	206	4380	-4174	1267	1711	-444	6089	976	5113	950	161	789
	ii)	Liabilities	9217	6925	2292	12118	9014	3104	12333	7311	5022	17937	12225	5712
		of which:
		Non-resident deposits	8988	6672	2316	11435	8681	2754	10214	7236	2978	14281	10639	3642
	b) Others		321	400	-79	485	281	204	536	246	290	335	803	-468

4.	Rupee Debt Service		0	617	-617	0	519	-519	0	474	-474	0	376	-376

5.	Other Capital		2856	2564	292	2298	1517	781	1841	1263	578	4314	2615	1699

Total Capital Account (1 to 5)			54126	45286	8840	43257	34706	8551	46368	35528	10840	75885	59149	16736

C. Errors & Omissions			0	305	-305	0	194	-194	0	200	-200	602	0	602

D. Overall Balance (A+B+C)			131845	125976	5868	124697	112940	11757	142067	125082	16985	196280	164859	31421

E. Monetary Movements (i+ii)			1448	7316	-5868	0	11757	-11757	0	16985	-16985	0	31421	-31421
i)	I.M.F.		0	26	-26	0	0	0	0	0	0	0	0	0
ii)	Foreign exchange reserves		1448	7290	-5842	0	11757	-11757	0	16985	-16985	0	31421	-31421
	(Increase - / Decrease +)

TABLE 142 : INDIA'S OVERALL BALANCE OF PAYMENTS –
US DOLLARS (Concld.)
(US $ million)
Item / Year					2004-05			2005-06			2006-07 PR			2007-08 P
					Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net
1					44	45	46	47	48	49	50	51	52	53	54	55
A.	Current Account
	1.	Merchandise			85206	118908	-33702	105152	157056	-51904	128083	191254	-63171	158461	248521	-90060
	2.	Invisibles (a+b+c)			69533	38301	31232	89687	47685	42002	115074	61669	53405	145257	72600	72657
		a)	Services		43249	27823	15426	57659	34489	23170	76181	44371	31810	87687	50137	37550
			i)	Travel	6666	5249	1417	7853	6638	1215	9123	6685	2438	11349	9231	2118
			ii)	Transportation	4683	4539	144	6325	8337	-2012	8050	8068	-18	9503	11610	-2107
			iii)	Insurance	870	722	148	1062	1116	-54	1202	642	560	1585	1042	543
			iv)	G.n.i.e.	401	411	-10	314	529	-215	250	403	-153	331	382	-51
			v)	Miscellaneous	30629	16902	13727	42105	17869	24236	57556	28573	28983	64919	27872	37047
				of which : Software services	17700	800	16900	23600	1338	22262	31300	2267	29033	40300	3249	37051
				Business Services	5167	7318	-2151	9307	7748	1559	19266	17093	2173	16624	16668	-44
				Financial Services	512	832	-320	1209	965	244	2913	2087	826	3085	2847	238
				Communication Services	1384	738	646	1575	289	1286	2099	659	1440	2436	837	1599
		b)	Transfers		21691	906	20785	25620	933	24687	29589	1421	28168	43343	2326	41017
			i)	Official	616	356	260	669	475	194	638	411	227	754	515	239
			ii)	Private	21075	550	20525	24951	458	24493	28951	1010	27941	42589	1811	40778
		c)	Income		4593	9572	-4979	6408	12263	-5855	9304	15877	-6573	14227	20137	-5910
			i)	Investment income	4124	8219	-4095	6229	11491	-5262	8908	14926	-6018	13799	19038	-5239
			ii)	Compensation of employees	469	1353	-884	179	772	-593	396	951	-555	428	1099	-671
		Total Current Account (1+2)			154739	157209	-2470	194839	204741	-9902	243157	252923	-9766	303718	321121	-17403
B.	Capital Account
	1.	Foreign Investment (a+b)			46934	33934	13000	77298	61770	15528	132581	117040	15541	270554	225748	44806
		a)	Foreign direct Investment (i+ii)		6087	2374	3713	9178	6144	3034	22959	14480	8479	34924	19379	15545
			i)	In India	6052	65	5987	8962	61	8901	22078	87	21991	32453	126	32327
				Equity	3779	65	3714	5976	61	5915	16481	87	16394	25242	109	25133
				Reinvested earnings	1904	0	1904	2760	0	2760	5091	0	5091	6884	0	6884
				Other capital	369	0	369	226	0	226	506	0	506	327	17	310
			ii)	Abroad	35	2309	-2274	216	6083	-5867	881	14393	-13512	2471	19253	-16782
				Equity	35	1672	-1637	216	3982	-3766	881	12168	-11287	2471	14956	-12485
				Reinvested earnings	0	248	-248	0	1092	-1092	0	1076	-1076	0	1084	-1084
				Other capital	0	389	-389	0	1009	-1009	0	1149	-1149	0	3213	-3213
		b)	Portfolio investment		40847	31560	9287	68120	55626	12494	109622	102560	7062	235630	206369	29261
			In India		40847	31536	9311	68120	55626	12494	109534	102530	7004	235390	206294	29096
			Abroad		0	24	-24	0	0	0	88	30	58	240	75	165
	2.	Loans (a+b+c)			30287	19378	10909	39479	31570	7909	54728	30194	24534	83503	41541	41962
		a)	External assistance		3809	1886	1923	3631	1929	1702	3763	1996	1767	4241	2127	2114
			i)	By India	24	128	-104	24	88	-64	16	36	-20	24	28	-4
			ii)	To India	3785	1758	2027	3607	1841	1766	3747	1960	1787	4217	2099	2118
		b)	Commercial borrowings		9084	3890	5194	14343	11835	2508	20973	4818	16155	29851	7686	22165
			(MT & LT)
			i)	By India	0	232	-232	0	251	-251	648	950	-302	1551	1567	-16
			ii)	To India	9084	3658	5426	14343	11584	2759	20325	3868	16457	28300	6119	22181
		c)	Short term to India		17394	13602	3792	21505	17806	3699	29992	23380	6612	49411	31728	17683
			i) Suppliers' Credit >180 days & buyers' Credit		17394	13602	3792	19372	17647	1725	25482	22175	3307	42641	31728	10913
			ii) Suppliers' Credit up to 180 days		–	–	–	2133	159	1974	4510	1205	3305	6770	0	6770
	3.	Banking Capital (a+b)			14581	10707	3874	21658	20285	1373	37209	35296	1913	55733	43976	11757
		a)	Commercial banks		14304	10325	3979	20586	20144	442	36799	35218	1581	55654	43544	12110
			i)	Assets	505	552	-47	772	3947	-3175	14466	17960	-3494	19562	12668	6894
			ii)	Liabilities	13799	9773	4026	19814	16197	3617	22333	17258	5075	36092	30876	5216
				of which:
				Non-resident deposits	8071	9035	-964	17835	15046	2789	19914	15593	4321	29321	29142	179
		b)	Others		277	382	-105	1072	141	931	410	78	332	79	432	-353
	4.	Rupee Debt Service			0	417	-417	0	572	-572	0	162	-162	0	121	-121
	5.	Other Capital			6737	6081	656	5941	4709	1232	7724	3771	3953	18950	9323	9627
	Total Capital Account (1 to 5)				98539	70517	28022	144376	118906	25470	232242	186463	45779	428740	320709	108031
C.	Errors & Omissions				607	0	607	0	516	-516	593	0	593	1536	0	1536
D.	Overall Balance (A+B+C)				253885	227726	26159	339215	324163	15052	475992	439386	36606	733994	641830	92164
E.	Monetary Movements (i+ii)				0	26159	-26159	0	15052	-15052	0	36606	-36606	0	92164	-92164
	i)	I.M.F.			0	0	0	0	0	0	0	0	0	0	0	0
	ii)	Foreign exchange reserves			0	26159	-26159	0	15052	-15052	0	36606	-36606	0	92164	-92164
		(Increase - / Decrease +)
PR : Partially Revised. P : Preliminary. G.n.i.e. : Goverment not included elsewhere. Also see Notes on Tables.