The Associated Press

WASHINGTON - Americans who have watched interest on savings shrink with rock-bottom interest rates are in good company: Federal Reserve Chairman Alan Greenspan has taken a hit as well.

Greenspan's 2002 financial disclosure form showed that income from his no-frills investments - Treasury securities, money market accounts, and savings and checking accounts - totaled between $55,000 and $139,000. That's down from the range of $106,000 to $309,000 Greenspan reported in investment income for 2001.

The financial disclosure reports, filed annually, list income and the total value of holdings only in broad ranges.

As Fed chairman, Greenspan, 77, has preferred to keep all of his holdings in money market accounts and Treasury securities, which are considered the world's safest investment, to avoid any appearance of conflict that might be raised by holding stocks in individual companies.

But those safer investments typically pay smaller interest rates than riskier investments, as many older Americans are finding.

The Fed chairman remains a wealthy man. The value of Greenspan's investment holdings in 2002 totaled between $3 million and $6.3 million, nearly the same as in 2001.