TD Waterhouse Group, Inc. reports the following monthly activity for the period ended April 30, 2002:

• total trades per day averaged 98,900. This is an 11% decrease from March 2002, and 19% lower than April 2001.

• total customer assets were $137 billion as of April 30, 2002, down 3% from March 2002 and a 1% decrease from April 2001.

• new accounts opened totaled 55,900. This is a 26% increase from March 2002 and 3% lower than April 2001.

• margin loans were $3.9 billion at April 30, 2002, no change from a month earlier and a decrease of 7% from April 30, 2001.

• in the early part of May 2002, the firm has experienced a 3% increase in trades per day activity from the previous month’s average.