Four years of temperature, salinity, and velocity data enable a direct computation of volume transport and a temporal description of water properties exchanged through the Bering Strait. The mean volume transport over the 4-year period (September 1990 through September 1994) is 0.83 Sv northward with a weekly standard deviation of 0.66 Sv. The maximum error in this mean estimate is 30%. Interannual variability in transport is typically 0.1 Sv but can, at times, reach nearly 50% of the mean. The transport of 1.14 Sv during the first 9 months of 1994 is the largest in the last 50 years. The rate of winter salinity increase is very similar from year to year, suggesting regional average ice formation of about 5 cm d-1. The amplitude of the annual salinity cycle is about 2 psu, with salinity reaching a maximum in early April. There can be large interannual variations in the salinity (about 1), particularly in winter. Background autumn salinities average 32.0 in the eastern and 32.6 in the western channel. ¿ American Geophysical Union 1995