64 Z.1, March 7, 2013

L.1 Credit Market Debt Outstanding (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total credit market debt owed by: 53360.7 53278.2 53636.5 53891.6 53871.1 54212.0 54599.9 54998.4 55212.4 55668.2 56280.8 1

 2 Domestic nonfinancial sectors 34528.2 35478.6 36912.8 37152.6 37270.7 37760.2 38269.2 38713.9 39102.2 39433.3 40098.5 2

 3 Household sector 13688.0 13410.1 13073.7 12957.3 12871.7 12848.1 12869.4 12794.0 12828.2 12732.4 12830.8 3

 4 Nonfinancial corporate business 7529.9 7321.4 7475.5 7600.4 7747.0 7878.3 8009.4 8122.5 8255.9 8450.7 8663.3 4

 5 Nonfinancial noncorporate business 4093.4 3973.3 3940.0 3931.0 3929.3 3932.3 3951.6 3959.2 3974.8 3985.0 4030.9 5

 6 State and local governments 2855.4 2968.4 3038.0 3018.1 2984.1 2973.9 2985.3 2986.3 2993.3 2985.3 2979.8 6

 7 Federal government 6361.5 7805.4 9385.6 9645.9 9738.6 10127.6 10453.6 10851.9 11050.1 11279.9 11593.7 7

 8 Rest of the world 1708.8 2090.3 2225.3 2304.8 2326.8 2290.1 2276.7 2288.3 2267.9 2282.5 2330.1 8

 9 Financial sectors 17123.8 15709.3 14498.4 14434.3 14273.6 14161.7 14053.9 13996.3 13842.4 13952.4 13852.2 9

10 U.S.-chartered depository institutions 990.3 718.1 942.6 906.7 887.9 868.1 868.7 840.8 844.7 822.2 824.9 10

11 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Credit unions 40.6 26.5 26.1 23.7 22.8 23.7 24.2 22.9 23.7 24.4 24.4 12

13 Life insurance companies 54.9 48.3 45.1 45.5 46.2 46.4 46.8 48.5 52.4 52.4 52.4 13

14 Government-sponsored enterprises 3181.9 2706.6 6434.5 6437.3 6317.3 6282.7 6247.3 6178.6 6139.8 6111.5 6079.5 14

15 Agency- and GSE-backed mortgage pools 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 1439.9 15

16 ABS issuers 4123.7 3308.4 2243.2 2162.3 2110.1 2040.2 1991.4 1929.8 1870.6 1801.3 1753.3 16

17 Finance companies 1200.3 1044.1 1281.0 1268.2 1253.1 1264.6 1262.9 1251.8 1235.9 1246.2 1208.9 17

18 REITs 367.4 317.4 315.2 326.4 330.6 334.1 343.4 350.1 364.4 371.2 366.8 18

19 Brokers and dealers 142.6 92.9 129.7 128.2 110.1 99.2 91.8 98.0 102.1 85.8 90.2 19

20 Holding companies 807.9 1253.7 1237.2 1258.1 1269.7 1248.8 1220.8 1303.9 1213.9 1428.7 1418.4 20

21 Funding corporations 1252.8 816.8 704.2 690.8 689.9 676.5 651.8 642.0 617.4 600.6 593.5 21

22 Total credit market assets held by: 53360.7 53278.2 53636.5 53891.6 53871.1 54212.0 54599.9 54998.4 55212.4 55668.2 56280.8 22

23 Domestic nonfinancial sectors 7041.8 7613.5 8095.4 8036.1 7734.3 7728.3 7453.8 7433.7 7523.7 7585.6 7560.4 23

24 Household sector 5035.1 5387.1 5728.5 5662.7 5400.8 5442.3 5192.2 5165.8 5230.7 5248.6 5230.6 24

25 Nonfinancial corporate business 214.0 221.6 237.0 225.9 227.1 216.1 221.9 234.3 241.4 254.7 246.3 25

26 Nonfinancial noncorporate business 95.8 89.1 95.8 96.1 96.3 96.4 96.7 96.9 97.1 97.2 98.2 26

27 State and local governments 1330.6 1253.8 1287.3 1273.2 1253.1 1211.9 1196.8 1180.8 1179.6 1172.5 1155.2 27

28 Federal government 366.4 661.8 746.9 778.2 757.0 761.6 746.2 755.8 775.0 812.6 830.1 28

29 Rest of the world 7504.6 7723.4 8497.0 8600.3 8666.2 8838.3 9128.5 9222.3 9246.7 9416.7 9510.6 29

30 Financial sectors 38814.2 37941.3 37044.0 37255.2 37470.5 37645.4 38017.6 38342.4 38442.0 38665.9 39209.7 30

31 Monetary authority 986.0 1987.7 2259.2 2479.2 2700.4 2686.1 2635.6 2613.4 2610.9 2565.1 2670.1 31

32 U.S.-chartered depository institutions 9442.9 9131.1 9341.5 9211.3 9185.9 9299.0 9468.4 9462.8 9564.3 9622.3 9815.2 32

33 Foreign banking offices in U.S. 1063.8 777.9 747.1 757.6 773.4 804.4 784.9 775.5 760.4 778.3 770.6 33

34 Banks in U.S.-affiliated areas 90.9 88.1 68.9 67.6 65.2 63.7 64.0 63.9 62.7 62.0 64.1 34

35 Credit unions 697.8 731.0 755.6 765.4 774.3 781.6 790.8 807.7 823.0 831.7 838.9 35

36 Property-casualty insurance companies 853.4 886.7 890.6 895.2 890.3 890.6 918.1 910.4 910.3 915.3 921.3 36

37 Life insurance companies 2882.8 3022.6 3174.2 3211.1 3237.3 3284.3 3297.9 3322.4 3288.0 3319.1 3347.6 37

38 Private pension funds 951.4 1065.3 1125.9 1133.8 1141.5 1166.4 1177.2 1179.4 1172.2 1170.2 1170.8 38

39 State and local govt. retirement funds 823.0 737.2 759.3 772.9 774.3 756.8 757.2 767.9 763.9 757.8 762.3 39

40 Federal government retirement funds 123.3 130.7 141.5 145.3 149.5 157.8 161.6 163.0 167.2 169.5 175.5 40

41 Money market mutual funds 2689.9 2070.0 1673.4 1640.3 1576.4 1559.8 1663.6 1600.7 1528.4 1520.2 1580.9 41

42 Mutual funds 2229.2 2616.3 2969.9 3091.1 3201.0 3234.5 3329.3 3581.7 3741.5 3907.7 4040.3 42

43 Closed-end funds 130.5 141.1 146.3 148.0 148.9 143.7 145.1 147.9 149.3 152.9 156.3 43

44 Exchange-traded funds 57.1 103.0 132.7 140.1 151.1 164.1 178.8 195.1 213.5 221.1 231.1 44

45 Government-sponsored enterprises 3037.5 2699.7 6333.1 6327.9 6252.4 6176.5 6133.4 6095.8 6014.0 5950.1 5915.4 45

46 Agency- and GSE-backed mortgage pools 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 1439.9 46

47 ABS issuers 4025.5 3244.8 2191.4 2108.8 2058.9 1992.7 1943.8 1884.5 1828.2 1759.9 1712.1 47

48 Finance companies 1734.4 1516.7 1440.1 1418.6 1391.7 1385.4 1392.8 1380.2 1364.1 1362.5 1359.9 48

49 REITs 177.6 168.9 206.0 258.0 288.4 308.5 308.9 362.9 385.5 451.4 429.7 49

50 Brokers and dealers 717.4 525.3 557.5 555.9 548.7 510.6 563.2 610.7 600.5 589.1 652.3 50

51 Holding companies 73.0 75.8 97.9 105.7 105.3 110.5 101.1 223.0 183.4 229.9 219.5 51

52 Funding corporations 1065.4 844.7 892.4 834.5 819.6 891.1 897.2 863.8 933.6 921.7 935.9 52

(1) Excludes corporate equities and mutual fund shares.
Z.1, March 7, 2013 65

L.2 Credit Market Debt Owed by Nonfinancial Sectors

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Domestic 34528.2 35478.6 36912.8 37152.6 37270.7 37760.2 38269.2 38713.9 39102.2 39433.3 40098.5 1

 2 By instrument 34528.2 35478.6 36912.8 37152.6 37270.7 37760.2 38269.2 38713.9 39102.2 39433.3 40098.5 2

 3 Commercial paper 131.5 58.4 82.9 110.5 106.9 124.7 116.3 127.6 132.1 136.1 130.5 3

 4 Treasury securities 6338.2 7781.9 9361.5 9621.4 9714.1 10102.6 10428.3 10827.5 11025.6 11255.5 11568.9 4

 5 Agency- and GSE-backed securities 23.3 23.5 24.2 24.5 24.5 25.0 25.3 24.4 24.5 24.4 24.9 5

 6 Municipal securities 3517.2 3672.5 3772.1 3754.2 3724.5 3708.0 3719.4 3720.0 3732.4 3719.4 3714.4 6

 7 Corporate bonds 3954.5 4366.2 4804.8 4912.4 5034.3 5121.4 5215.6 5346.4 5452.9 5599.7 5795.2 7

 8 Depository institution loans n.e.c. 1852.6 1500.2 1465.5 1457.4 1435.5 1468.7 1542.6 1585.7 1685.7 1645.7 1750.8 8

 9 Other loans and advances 1688.2 1458.4 1302.5 1302.2 1334.9 1353.7 1373.8 1357.0 1352.9 1401.8 1385.2 9

10 Mortgages 14473.9 14178.8 13557.6 13461.0 13365.2 13281.3 13220.6 13110.1 13038.2 12932.2 12949.5 10

11 Home 11092.7 10887.8 10421.0 10346.3 10280.3 10222.0 10165.6 10079.0 10020.5 9930.6 9923.6 11

12 Multifamily residential 816.2 820.9 810.1 810.0 809.5 810.2 815.2 814.7 821.3 829.5 840.1 12

13 Commercial 2430.3 2338.8 2185.3 2162.3 2131.8 2104.2 2093.8 2069.2 2047.9 2022.4 2034.8 13

14 Farm 134.7 131.3 141.2 142.4 143.6 144.9 146.1 147.2 148.5 149.7 151.0 14

15 Consumer credit 2548.9 2438.7 2541.6 2509.0 2530.8 2574.7 2627.4 2615.1 2658.0 2718.6 2779.2 15

16 By sector 34528.2 35478.6 36912.8 37152.6 37270.7 37760.2 38269.2 38713.9 39102.2 39433.3 40098.5 16

17 Household sector 13688.0 13410.1 13073.7 12957.3 12871.7 12848.1 12869.4 12794.0 12828.2 12732.4 12830.8 17

18 Nonfinancial business 11623.3 11294.6 11415.5 11531.4 11676.3 11810.6 11961.0 12081.7 12230.6 12435.7 12694.2 18

19 Corporate 7529.9 7321.4 7475.5 7600.4 7747.0 7878.3 8009.4 8122.5 8255.9 8450.7 8663.3 19

20 Noncorporate 4093.4 3973.3 3940.0 3931.0 3929.3 3932.3 3951.6 3959.2 3974.8 3985.0 4030.9 20

21 State and local governments 2855.4 2968.4 3038.0 3018.1 2984.1 2973.9 2985.3 2986.3 2993.3 2985.3 2979.8 21

22 Federal government 6361.5 7805.4 9385.6 9645.9 9738.6 10127.6 10453.6 10851.9 11050.1 11279.9 11593.7 22

 Foreign credit market debt

23 held in U.S. 1708.8 2090.3 2225.3 2304.8 2326.8 2290.1 2276.7 2288.3 2267.9 2282.5 2330.1 23

24 Commercial paper 342.0 401.3 398.6 428.2 417.2 352.5 345.1 362.6 357.4 366.4 372.7 24

25 Bonds 1237.3 1570.3 1689.5 1727.2 1757.3 1774.6 1763.8 1745.3 1717.9 1717.8 1756.1 25

26 Depository institution loans n.e.c. 107.9 96.8 115.1 127.1 130.5 140.9 144.3 153.6 164.8 167.0 166.5 26

27 Other loans and advances 21.6 21.9 22.1 22.2 21.9 22.0 23.5 26.7 27.8 31.2 34.9 27

28 Domestic and foreign 36236.9 37568.9 39138.1 39457.4 39597.5 40050.3 40546.0 41002.1 41370.1 41715.8 42428.6 28

L.3 Credit Market Debt Owed by Financial Sectors

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 By instrument 17123.8 15709.3 14498.4 14434.3 14273.6 14161.7 14053.9 13996.3 13842.4 13952.4 13852.2 1

 2 Open market paper 1126.3 678.2 576.0 592.6 557.6 527.3 507.9 504.3 472.6 454.7 449.2 2

 3 GSE issues 3181.9 2706.6 6434.5 6437.3 6317.3 6282.7 6247.3 6178.6 6139.8 6111.5 6079.5 3

 4 Agency- and GSE-backed mortgage pool sec. 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 1439.9 4

 5 Corporate bonds 6000.7 5738.3 5334.4 5245.9 5158.5 5077.0 5004.7 5052.0 4954.6 5020.4 4959.4 5

 6 Depository institution loans n.e.c. 789.5 424.7 373.7 360.1 406.0 414.2 399.9 362.6 299.7 365.3 335.0 6

 7 Other loans and advances 900.5 617.9 473.2 442.5 424.8 408.7 413.1 390.2 413.3 404.4 401.3 7

 8 Mortgages 163.5 166.9 167.1 168.9 173.5 174.5 176.2 178.8 185.0 188.0 187.9 8

 9 By sector 17123.8 15709.3 14498.4 14434.3 14273.6 14161.7 14053.9 13996.3 13842.4 13952.4 13852.2 9

10 U.S.-chartered depository institutions 990.3 718.1 942.6 906.7 887.9 868.1 868.7 840.8 844.7 822.2 824.9 10

11 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Credit unions 40.6 26.5 26.1 23.7 22.8 23.7 24.2 22.9 23.7 24.4 24.4 12

13 Life insurance companies 54.9 48.3 45.1 45.5 46.2 46.4 46.8 48.5 52.4 52.4 52.4 13

14 Government-sponsored enterprises 3181.9 2706.6 6434.5 6437.3 6317.3 6282.7 6247.3 6178.6 6139.8 6111.5 6079.5 14

15 Agency- and GSE-backed mortgage pools 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 1439.9 15

16 ABS issuers 4123.7 3308.4 2243.2 2162.3 2110.1 2040.2 1991.4 1929.8 1870.6 1801.3 1753.3 16

17 Finance companies 1200.3 1044.1 1281.0 1268.2 1253.1 1264.6 1262.9 1251.8 1235.9 1246.2 1208.9 17

18 REITs 367.4 317.4 315.2 326.4 330.6 334.1 343.4 350.1 364.4 371.2 366.8 18

19 Brokers and dealers 142.6 92.9 129.7 128.2 110.1 99.2 91.8 98.0 102.1 85.8 90.2 19

20 Holding companies 807.9 1253.7 1237.2 1258.1 1269.7 1248.8 1220.8 1303.9 1213.9 1428.7 1418.4 20

21 Funding corporations 1252.8 816.8 704.2 690.8 689.9 676.5 651.8 642.0 617.4 600.6 593.5 21
66 Z.1, March 7, 2013

L.4 Credit Market Debt, All Sectors, by Instrument

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total 53360.7 53278.2 53636.5 53891.6 53871.1 54212.0 54599.9 54998.4 55212.4 55668.2 56280.8 1

 2 Open market paper 1599.8 1138.0 1057.6 1131.3 1081.6 1004.5 969.3 994.4 962.0 957.2 952.3 2

 3 Treasury securities 6338.2 7781.9 9361.5 9621.4 9714.1 10102.6 10428.3 10827.5 11025.6 11255.5 11568.9 3

 4 Agency- and GSE-backed securities 8166.7 8106.8 7598.2 7648.7 7577.8 7585.0 7577.4 7533.0 7541.7 7543.9 7544.3 4

 5 Municipal securities 3517.2 3672.5 3772.1 3754.2 3724.5 3708.0 3719.4 3720.0 3732.4 3719.4 3714.4 5

 6 Corporate and foreign bonds 11192.5 11674.8 11828.7 11885.5 11950.0 11973.0 11984.1 12143.8 12125.4 12337.9 12510.6 6

 7 Depository institution loans n.e.c. 2750.0 2021.7 1954.3 1944.6 1972.1 2023.9 2086.8 2101.9 2150.2 2178.0 2252.2 7

 8 Other loans and advances 2610.2 2098.1 1797.8 1767.0 1781.5 1784.4 1810.4 1773.9 1794.0 1837.4 1821.4 8

 9 Mortgages 14637.4 14345.6 13724.7 13629.9 13538.7 13455.8 13396.8 13288.9 13223.2 13120.2 13137.4 9

10 Consumer credit 2548.9 2438.7 2541.6 2509.0 2530.8 2574.7 2627.4 2615.1 2658.0 2718.6 2779.2 10

 Memo:

 Selected claims not included above:

11 Corporate equities 15640.5 20085.5 23370.8 24992.3 25009.2 20980.4 22737.3 25488.2 24362.7 25718.1 25905.9 11

12 Mutual fund shares 5388.0 6920.7 7873.0 8402.1 8503.7 7449.5 7870.9 8797.4 8653.4 9131.0 9283.6 12

L.5 Total Liabilities and Its Relation to Total Financial Assets

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 Total credit market debt

 1 (from table L.4) 53360.7 53278.2 53636.5 53891.6 53871.1 54212.0 54599.9 54998.4 55212.4 55668.2 56280.8 1

 2 U.S. official reserve assets 74.2 175.1 175.8 184.3 189.3 186.4 183.8 184.5 181.7 184.7 181.8 2

 3 SDR certificates 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3

 4 Treasury currency 26.6 26.2 25.9 25.9 25.9 25.9 25.9 25.9 25.9 25.9 25.9 4

 5 Foreign deposits 946.7 840.6 866.5 917.5 917.9 919.6 834.1 803.0 769.4 811.7 843.7 5

 6 Net interbank liabilities 1922.9 1325.5 1147.7 1847.7 2025.2 2081.0 1984.3 1988.9 1949.6 1885.1 1803.2 6

 7 Checkable deposits and currency 2101.3 2093.4 2359.8 2193.3 2314.6 2403.7 2594.3 2520.5 2594.3 2640.4 2861.5 7

 8 Small time and savings deposits 5749.3 6326.5 6624.9 6741.5 6898.8 7065.7 7202.2 7410.5 7457.0 7595.4 7802.3 8

 9 Large time deposits 2191.6 1989.8 1807.5 1811.8 1815.3 1658.4 1603.0 1504.3 1511.1 1485.0 1508.9 9

10 Money market fund shares 3757.3 3258.6 2755.4 2679.4 2637.8 2577.9 2642.5 2535.5 2467.9 2506.9 2649.6 10

11 Security RPs 1238.2 1488.4 1272.3 1312.7 1258.2 1102.2 1142.6 1187.7 1167.1 1134.5 1124.5 11

12 Mutual fund shares 5388.0 6920.7 7873.0 8402.1 8503.7 7449.5 7870.9 8797.4 8653.4 9131.0 9283.6 12

13 Security credit 1128.5 1091.2 1214.8 1258.1 1323.8 1380.9 1312.6 1375.5 1410.2 1482.4 1512.4 13

14 Life insurance reserves 1179.8 1242.1 1278.3 1302.8 1317.5 1320.3 1352.0 1381.5 1370.8 1394.5 1403.5 14

15 Pension fund reserves 10513.7 11965.7 13112.0 13517.9 13403.6 12441.4 13133.2 13942.5 13624.2 14036.5 14060.7 15

16 Trade payables 3228.0 3204.9 3430.3 3480.3 3547.2 3597.4 3659.0 3715.7 3770.3 3815.0 3854.3 16

17 Taxes payable 44.0 40.6 54.3 80.8 69.1 74.2 74.1 85.5 82.7 92.9 85.7 17

18 Miscellaneous 19979.7 19891.1 20384.0 20116.9 19997.1 21294.9 20770.0 20673.3 20985.0 21000.4 20025.8 18

19 Total liabilities 112832.5 115163.9 118024.1 119769.8 120121.4 119796.5 120989.6 123135.8 123238.1 124895.7 125313.4 19

 + Financial assets not included in

 liabilities:

20 Gold 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 20

21 Corporate equities 15640.5 20085.5 23370.8 24992.3 25009.2 20980.4 22737.3 25488.2 24362.7 25718.1 25905.9 21

22 Household equity in noncorp. bus. 7727.5 6460.7 7109.2 7277.3 7335.3 7458.2 7650.7 7705.7 7788.4 7977.7 8079.1 22

 - Liabilities not identified as assets:

23 Treasury currency -12.1 -16.5 -17.6 -17.9 -18.0 -18.2 -18.3 -18.5 -18.6 -18.7 -18.8 23

24 Foreign deposits 779.5 661.4 668.0 705.4 708.1 757.1 707.0 693.3 680.1 714.0 739.3 24

25 Net interbank transactions -17.5 5.1 -17.7 -1.3 4.4 9.9 -5.3 -8.7 -13.5 38.8 28.5 25

26 Security RPs 88.4 478.8 376.9 308.8 295.7 260.5 266.1 296.6 252.7 159.0 130.1 26

27 Taxes payable -193.3 -204.4 -194.7 -170.5 -190.9 -187.0 -188.8 -180.5 -186.8 -176.2 -184.7 27

28 Miscellaneous -5494.3 -5859.0 -6173.6 -6391.2 -6797.2 -6542.8 -7222.8 -7554.7 -7257.0 -7334.7 -8613.7 28

 - Floats not included in assets:

29 Checkable deposits: State and local govt. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Federal govt. 1.2 2.0 2.5 2.6 3.5 1.7 2.5 2.9 3.4 3.2 2.3 30

31 Private domestic 5.3 4.2 3.2 3.3 3.4 3.9 4.1 3.7 3.8 3.7 4.7 31

32 Trade credit 236.0 339.0 443.5 402.5 365.3 365.9 470.8 404.0 377.8 397.3 504.7 32

33 Totals identified to sectors as assets 140818.2 146310.5 153424.8 157208.7 158102.6 153595.1 157373.3 162702.7 161558.5 164816.2 166717.2 33
Z.1, March 7, 2013 67

L.10 Assets and Liabilities of the Personal Sector (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 38921.1 42968.9 46451.7 48068.8 48103.3 45225.3 46707.3 49166.4 48200.6 49410.0 50129.1 1

 2 Foreign deposits 56.9 50.5 52.1 55.1 55.1 55.2 50.1 48.3 46.2 48.8 50.7 2

 3 Checkable deposits and currency 869.0 913.4 938.3 950.6 996.0 1116.1 1232.2 1217.4 1210.5 1201.2 1351.7 3

 4 Time and savings deposits 6435.3 6591.7 6711.1 6809.4 6947.9 6972.9 7057.5 7166.0 7229.5 7257.5 7435.4 4

 5 Money market fund shares 1657.2 1386.9 1206.5 1175.7 1164.1 1180.7 1187.5 1129.9 1102.1 1123.4 1188.9 5

 6 Securities 13996.3 16781.0 18948.8 20035.3 19937.4 17794.8 18378.0 19969.2 19295.2 20022.8 20268.7 6

 7 Open market paper 6.0 34.6 31.7 33.9 32.4 30.1 29.1 29.8 28.9 28.7 28.6 7

 8 U.S. savings bonds 194.0 191.2 187.9 186.8 186.0 185.1 185.2 184.7 184.3 183.6 182.4 8

 9 Treasury bills and other Treasury securities 89.7 645.6 975.0 815.2 590.8 668.5 511.3 639.4 766.2 804.7 902.9 9

10 Agency- and GSE-backed securities 965.9 347.8 321.5 401.3 365.7 340.2 316.1 235.7 211.4 150.0 73.1 10

11 Municipal securities 1727.4 1834.2 1879.0 1885.8 1861.6 1844.1 1817.9 1798.6 1791.3 1731.4 1684.6 11

12 Corporate and foreign bonds 1968.1 2256.7 2270.6 2280.5 2308.0 2319.9 2284.0 2230.0 2208.4 2313.8 2325.8 12

13 Corporate equities (2) 5735.0 7329.8 8701.3 9499.7 9592.9 8047.8 8850.1 9898.3 9243.7 9613.8 9770.5 13

14 Mutual fund shares 3310.4 4141.2 4581.7 4932.0 4999.9 4359.0 4384.2 4952.7 4860.9 5196.8 5300.9 14

15 Life insurance reserves 1049.8 1109.2 1137.2 1160.3 1174.1 1174.5 1203.6 1214.0 1201.1 1221.9 1230.6 15

16 Pension fund reserves 10513.7 11965.7 13112.0 13517.9 13403.6 12441.4 13133.2 13942.5 13624.2 14036.5 14060.7 16

17 Life insurance companies 2184.6 2323.0 2504.7 2589.1 2611.0 2519.6 2556.6 2633.6 2579.1 2630.9 2646.1 17

18 Private pension funds 4588.0 5509.7 6140.1 6370.6 6369.5 5739.8 6123.9 6604.9 6416.0 6638.7 6620.7 18

19 Governments 3741.1 4133.1 4467.2 4558.2 4423.1 4182.0 4452.6 4703.9 4629.1 4766.8 4793.8 19

20 Miscellaneous and other assets 4342.9 4170.3 4345.7 4364.5 4425.0 4489.8 4465.2 4479.2 4491.8 4498.0 4542.4 20

21 Total liabilities 19911.1 19597.5 19304.2 19234.3 19161.7 19093.1 19123.7 19096.0 19125.0 19064.8 19242.2 21

22 Home mortgages 11060.0 10867.5 10407.4 10333.9 10268.9 10211.3 10155.4 10069.1 10010.6 9920.7 9913.9 22

23 Other mortgages 2529.9 2551.8 2506.6 2497.1 2487.2 2478.0 2477.2 2457.8 2449.9 2443.2 2459.6 23

24 Consumer credit 2548.9 2438.7 2541.6 2509.0 2530.8 2574.7 2627.4 2615.1 2658.0 2718.6 2779.2 24

25 Policy loans 120.4 121.1 124.5 124.8 125.5 126.4 126.9 126.9 126.6 127.2 127.7 25

26 Security credit 164.8 203.0 278.2 315.7 312.9 251.9 238.9 267.7 244.5 269.1 303.7 26

27 Other liabilities 3487.1 3415.5 3446.0 3453.7 3436.4 3450.8 3497.9 3559.3 3635.5 3585.9 3658.1 27

(1) Combined statement for households and nonprofit organizations and nonfinancial noncorporate business.

(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 14) and life insurance and pension reserves (lines 15, 16, 17, and 18).
68 Z.1, March 7, 2013

L.100 Households and Nonprofit Organizations (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 42946.0 45825.1 49847.9 51617.7 51700.4 48942.7 50605.3 53106.8 52214.7 53606.1 54390.5 1

 2 Deposits 8065.6 7975.7 7953.2 8032.2 8201.9 8362.4 8561.7 8593.9 8618.2 8659.0 9045.6 2

 3 Foreign deposits 56.9 50.5 52.1 55.1 55.1 55.2 50.1 48.3 46.2 48.8 50.7 3

 4 Checkable deposits and currency 349.6 373.6 416.5 426.6 470.4 589.7 704.0 687.9 679.5 669.1 814.4 4

 5 Time and savings deposits 6077.2 6238.4 6354.9 6451.8 6589.5 6614.2 6697.7 6805.5 6868.3 6895.8 7070.3 5

 6 Money market fund shares 1581.8 1313.2 1129.7 1098.6 1086.8 1103.3 1109.9 1052.2 1024.2 1045.4 1110.2 6

 7 Credit market instruments 5035.1 5387.1 5728.5 5662.7 5400.8 5442.3 5192.2 5165.8 5230.7 5248.6 5230.6 7

 8 Open market paper 6.0 34.6 31.7 33.9 32.4 30.1 29.1 29.8 28.9 28.7 28.6 8

 9 Treasury securities 231.9 790.6 1114.9 953.7 728.5 805.2 648.0 775.5 901.8 939.5 1036.0 9

10 Savings bonds 194.0 191.2 187.9 186.8 186.0 185.1 185.2 184.7 184.3 183.6 182.4 10

11 Bills and other Treasury securities 37.9 599.4 927.0 767.0 542.5 620.1 462.8 590.8 717.5 755.9 853.6 11

12 Agency- and GSE-backed securities 965.9 347.8 321.5 401.3 365.7 340.2 316.1 235.7 211.4 150.0 73.1 12

13 Municipal securities 1722.4 1829.1 1873.4 1880.2 1855.9 1838.4 1812.2 1792.9 1785.6 1725.7 1678.8 13

14 Corporate and foreign bonds 1968.1 2256.7 2270.6 2280.5 2308.0 2319.9 2284.0 2230.0 2208.4 2313.8 2325.8 14

15 Other loans and advances (2) 29.7 26.8 26.2 25.2 25.7 25.5 23.4 26.5 23.2 23.1 24.1 15

16 Mortgages 111.1 101.4 90.2 87.8 84.6 82.8 79.5 75.3 71.4 67.8 64.2 16

17 Corporate equities (3) 5735.0 7329.8 8701.3 9499.7 9592.9 8047.8 8850.1 9898.3 9243.7 9613.8 9770.5 17

18 Mutual fund shares 3310.4 4141.2 4581.7 4932.0 4999.9 4359.0 4384.2 4952.7 4860.9 5196.8 5300.9 18

19 Security credit 742.7 668.6 694.3 703.3 757.7 804.9 752.4 762.3 777.7 780.2 776.0 19

20 Life insurance reserves 1049.8 1109.2 1137.2 1160.3 1174.1 1174.5 1203.6 1214.0 1201.1 1221.9 1230.6 20

21 Pension fund reserves 10513.7 11965.7 13112.0 13517.9 13403.6 12441.4 13133.2 13942.5 13624.2 14036.5 14060.7 21

22 Equity in noncorporate business 7727.5 6460.7 7109.2 7277.3 7335.3 7458.2 7650.7 7705.7 7788.4 7977.7 8079.1 22

23 Miscellaneous assets 766.3 787.1 830.5 832.3 834.1 852.3 877.2 871.7 869.8 871.7 896.5 23

24 Total liabilities 14116.5 13887.9 13650.7 13577.3 13492.9 13410.5 13420.8 13377.7 13391.1 13320.5 13453.1 24

25 Credit market instruments 13688.0 13410.1 13073.7 12957.3 12871.7 12848.1 12869.4 12794.0 12828.2 12732.4 12830.8 25

26 Home mortgages (4) 10519.1 10368.1 9889.8 9823.6 9765.2 9712.4 9660.7 9578.8 9522.6 9436.0 9430.5 26

27 Consumer credit 2548.9 2438.7 2541.6 2509.0 2530.8 2574.7 2627.4 2615.1 2658.0 2718.6 2779.2 27

28 Municipal securities 259.5 265.4 263.2 262.8 261.7 256.8 255.5 253.8 249.5 245.6 241.0 28

29 Depository institution loans n.e.c. (5) 26.4 10.2 61.0 45.3 -1.0 -9.8 12.4 34.8 88.0 23.1 69.9 29

30 Other loans and advances 133.2 133.7 136.1 136.4 136.9 137.8 138.1 137.8 137.6 138.3 138.7 30

31 Commercial mortgages 200.9 194.0 182.0 180.2 178.2 176.1 175.4 173.7 172.6 170.8 171.6 31

32 Security credit 164.8 203.0 278.2 315.7 312.9 251.9 238.9 267.7 244.5 269.1 303.7 32

33 Trade payables 236.7 252.7 274.1 279.1 282.6 286.0 288.2 289.8 290.5 290.5 289.7 33

 Deferred and unpaid

34 life insurance premiums 27.0 22.1 24.7 25.2 25.6 24.4 24.3 26.2 28.0 28.4 28.9 34

(1) Sector includes domestic hedge funds, private equity funds, and personal trusts. Supplementary tables (tables F.100.a and L.100.a) show estimates of annual flows and year-end

 outstandings of nonprofit organizations.

(2) Syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds.

(3) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 18) and life insurance and pension reserves (lines 20 and 21).

(4) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table L.218, line 23.

(5) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table L.108, line 19.
Z.1, March 7, 2013 69

L.101 Nonfinancial Business (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 16630.8 16932.5 17720.3 17894.6 18106.1 18282.7 18622.3 18847.1 19033.6 19279.0 19560.3 1

 2 Foreign deposits 24.7 31.5 40.6 47.6 40.8 37.2 34.0 21.4 10.0 8.8 10.4 2

 3 Checkable deposits and currency 550.0 710.3 766.5 792.5 810.0 829.5 840.0 844.6 869.5 910.2 937.8 3

 4 Time and savings deposits 740.0 842.1 905.0 909.2 926.9 931.1 935.5 946.9 937.8 954.6 949.6 4

 5 Money market fund shares 786.0 715.4 561.6 547.3 535.0 517.8 529.6 512.2 500.3 506.5 523.9 5

 6 Security RPs 7.2 7.9 12.1 12.7 13.0 12.1 12.9 13.9 14.4 11.6 14.0 6

 7 Credit market instruments 309.8 310.7 332.8 322.0 323.4 312.5 318.6 331.2 338.5 352.0 344.5 7

 8 Commercial paper 57.3 56.0 68.0 70.8 70.4 58.0 59.4 64.1 59.1 61.7 67.4 8

 9 Treasury securities 82.3 89.1 96.1 90.7 89.9 92.8 96.6 102.0 113.7 119.0 108.0 9

10 Agency- and GSE-backed securities 10.2 14.3 16.0 14.2 17.2 14.8 16.0 17.8 19.2 20.9 19.6 10

11 Municipal securities 31.1 32.2 29.6 25.1 24.8 25.5 24.5 27.2 26.5 30.2 28.5 11

12 Mortgages 72.8 67.5 70.1 69.8 69.5 69.2 68.9 68.6 68.3 68.0 68.0 12

13 Consumer credit 56.3 51.7 53.1 51.5 51.7 52.2 53.1 51.5 51.7 52.2 53.1 13

14 Mutual fund shares 106.2 161.9 186.6 190.3 186.7 162.8 167.5 177.8 169.0 172.4 170.8 14

15 Trade receivables 2607.3 2552.4 2682.3 2774.1 2877.3 2914.8 2872.1 2989.3 3067.6 3085.8 3020.3 15

16 Miscellaneous assets 11499.7 11600.4 12232.8 12298.9 12393.0 12564.8 12912.2 13009.6 13126.5 13277.2 13589.0 16

17 Total liabilities 19019.5 18608.1 18874.9 18937.4 19018.3 19158.2 19323.8 19413.9 19525.7 19679.3 19820.5 17

18 Credit market instruments 11623.3 11294.6 11415.5 11531.4 11676.3 11810.6 11961.0 12081.7 12230.6 12435.7 12694.2 18

19 Commercial paper 131.5 58.4 82.9 110.5 106.9 124.7 116.3 127.6 132.1 136.1 130.5 19

20 Municipal securities 415.0 452.2 485.4 487.8 493.4 492.2 493.9 495.2 505.3 504.1 509.1 20

21 Corporate bonds 3954.5 4366.2 4804.8 4912.4 5034.3 5121.4 5215.6 5346.4 5452.9 5599.7 5795.2 21

22 Depository institution loans n.e.c. 1826.1 1490.1 1404.6 1412.1 1436.6 1478.5 1530.2 1550.9 1597.7 1622.6 1680.9 22

23 Other loans and advances 1542.3 1311.1 1152.0 1151.3 1183.3 1201.0 1220.4 1203.9 1199.7 1248.0 1231.1 23

24 Mortgages 3753.9 3616.7 3485.8 3457.2 3421.8 3392.8 3384.5 3357.7 3343.0 3325.3 3347.4 24

25 Trade payables 2053.4 1975.8 2159.9 2181.0 2242.1 2283.7 2347.9 2376.1 2420.1 2452.6 2480.8 25

26 Taxes payable 145.1 135.6 142.0 160.3 150.4 159.4 151.0 162.4 159.6 160.3 152.1 26

27 Miscellaneous liabilities 5197.7 5202.0 5157.5 5064.8 4949.5 4904.4 4863.9 4793.7 4715.4 4630.6 4493.4 27

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
70 Z.1, March 7, 2013

L.102 Nonfinancial Corporate Business

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 12937.7 13340.1 14021.0 14181.2 14382.5 14554.9 14882.6 15099.6 15277.2 15516.0 15761.4 1

 2 Foreign deposits 24.7 31.5 40.6 47.6 40.8 37.2 34.0 21.4 10.0 8.8 10.4 2

 3 Checkable deposits and currency 30.6 170.5 244.7 268.6 284.4 303.1 311.8 315.1 338.5 378.1 400.6 3

 4 Time and savings deposits 381.9 488.8 548.7 551.6 568.5 572.4 575.7 586.5 576.6 592.9 584.5 4

 5 Money market fund shares 710.6 641.7 484.8 470.2 457.7 440.5 452.0 434.5 422.4 428.5 445.2 5

 6 Security RPs 7.2 7.9 12.1 12.7 13.0 12.1 12.9 13.9 14.4 11.6 14.0 6

 7 Credit market instruments 214.0 221.6 237.0 225.9 227.1 216.1 221.9 234.3 241.4 254.7 246.3 7

 8 Commercial paper 57.3 56.0 68.0 70.8 70.4 58.0 59.4 64.1 59.1 61.7 67.4 8

 9 Treasury securities 30.5 43.0 48.0 42.4 41.5 44.4 48.1 53.4 65.0 70.2 58.7 9

10 Agency- and GSE-backed securities 10.2 14.3 16.0 14.2 17.2 14.8 16.0 17.8 19.2 20.9 19.6 10

11 Municipal securities 26.2 27.1 23.9 19.5 19.2 19.9 18.8 21.6 20.8 24.5 22.7 11

12 Mortgages 33.6 29.5 28.0 27.6 27.2 26.8 26.4 26.0 25.6 25.2 24.9 12

13 Consumer credit 56.3 51.7 53.1 51.5 51.7 52.2 53.1 51.5 51.7 52.2 53.1 13

14 Mutual fund shares 106.2 161.9 186.6 190.3 186.7 162.8 167.5 177.8 169.0 172.4 170.8 14

15 Trade receivables 2084.6 2056.0 2148.9 2238.8 2340.7 2377.8 2333.5 2449.7 2526.8 2544.2 2473.6 15

16 Miscellaneous assets 9377.9 9560.4 10117.5 10175.5 10263.7 10433.0 10773.5 10866.3 10978.1 11124.9 11416.2 16

17 U.S. direct investment abroad (1) 3011.1 3219.1 3434.7 3544.1 3674.7 3752.0 3794.6 3908.0 3973.2 4079.3 4116.2 17

18 Insurance receivables 311.1 310.2 313.2 313.3 319.0 322.4 328.7 326.4 327.5 328.1 334.8 18

19 Equity in GSEs 0.4 0.5 0.6 0.7 0.6 0.5 0.5 0.7 0.6 0.6 0.6 19

20 Investment in finance company subs. 80.5 71.2 61.4 73.7 73.0 71.8 69.9 67.1 64.5 64.2 69.5 20

21 Other 5974.8 5959.4 6307.5 6243.6 6196.3 6286.2 6579.6 6564.2 6612.3 6652.7 6895.1 21

22 Total liabilities 13225.0 12898.5 13221.4 13280.3 13349.5 13475.5 13620.8 13695.6 13791.8 13935.1 14031.4 22

23 Credit market instruments 7529.9 7321.4 7475.5 7600.4 7747.0 7878.3 8009.4 8122.5 8255.9 8450.7 8663.3 23

24 Commercial paper 131.5 58.4 82.9 110.5 106.9 124.7 116.3 127.6 132.1 136.1 130.5 24

25 Municipal securities (2) 415.0 452.2 485.4 487.8 493.4 492.2 493.9 495.2 505.3 504.1 509.1 25

26 Corporate bonds (1) 3954.5 4366.2 4804.8 4912.4 5034.3 5121.4 5215.6 5346.4 5452.9 5599.7 5795.2 26

27 Depository institution loans n.e.c. 780.0 546.0 480.9 484.1 492.4 516.9 549.8 542.4 566.2 574.8 605.3 27

28 Other loans and advances (3) 1364.9 1139.1 977.9 975.6 1010.9 1031.0 1045.8 1027.6 1021.7 1067.6 1047.2 28

29 Mortgages 883.9 759.5 643.6 629.9 609.1 592.0 588.0 583.2 577.7 568.3 576.0 29

30 Trade payables 1672.7 1587.5 1743.2 1763.5 1822.1 1861.5 1927.3 1957.1 2002.6 2036.2 2062.3 30

31 Taxes payable 39.0 35.7 42.9 60.7 50.6 59.5 50.7 62.0 58.9 59.5 50.2 31

32 Miscellaneous liabilities 3983.4 3953.9 3959.9 3855.7 3729.8 3676.1 3633.4 3554.1 3474.4 3388.7 3255.6 32

33 Foreign direct investment in U.S. 2050.3 1986.4 2119.9 2149.6 2203.8 2267.1 2361.1 2389.4 2434.6 2469.6 2488.0 33

34 Pension fund contributions payable 47.9 50.5 49.2 49.0 49.0 49.1 49.4 49.7 50.0 50.3 50.6 34

35 Other 1885.2 1917.0 1790.8 1657.2 1477.0 1359.9 1223.0 1115.0 989.8 868.8 717.1 35

 Memo:

36 Trade receivables net of payables 411.9 468.5 405.8 475.3 518.5 516.3 406.2 492.6 524.2 508.0 411.3 36

37 Market value of equities 10016.6 12512.2 14441.8 15440.0 15368.9 13054.2 14508.5 16161.5 15612.9 16409.3 16199.4 37

38 Securities and mortgages 5253.4 5577.9 5933.8 6030.2 6136.8 6205.7 6297.6 6424.9 6535.9 6672.1 6880.3 38

39 Loans and short-term paper 2276.5 1743.5 1541.7 1570.2 1610.2 1672.6 1711.8 1697.6 1720.0 1778.6 1783.0 39

40 Total short-term liabilities (4) 3988.1 3366.7 3327.7 3394.4 3482.9 3593.6 3689.8 3716.7 3781.5 3874.3 3895.4 40

41 Total liquid assets (5) 1385.2 1642.6 1673.5 1687.9 1699.3 1665.2 1696.2 1706.0 1695.0 1769.5 1793.7 41

 Analytical measures (percent)

42 Long-term debt/credit market debt 69.8 76.2 79.4 79.3 79.2 78.8 78.6 79.1 79.2 79.0 79.4 42

43 Short-term debt/credit market debt 30.2 23.8 20.6 20.7 20.8 21.2 21.4 20.9 20.8 21.0 20.6 43

44 Liquid assets/short-term liabilities 34.7 48.8 50.3 49.7 48.8 46.3 46.0 45.9 44.8 45.7 46.0 44

(1) Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues.

(2) Industrial revenue bonds. Issued by state and local governments to finance private investment and secured in interest and principal by the industrial user of the funds.

(3) Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table L.216.

(4) Sum of lines 24, 27, 28, 30, and 31. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.

(5) Sum of lines 2 through 6, lines 8 through 11, and line 14.
Z.1, March 7, 2013 71

L.103 Nonfinancial Noncorporate Business

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 3693.2 3592.3 3699.3 3713.4 3723.6 3727.7 3739.7 3747.5 3756.4 3763.0 3798.9 1

 2 Checkable deposits and currency 519.4 539.8 521.8 524.0 525.6 526.4 528.3 529.5 531.0 532.1 537.3 2

 3 Time and savings deposits 358.1 353.3 356.2 357.5 358.4 358.7 359.8 360.4 361.2 361.7 365.1 3

 4 Money market fund shares 75.4 73.7 76.8 77.1 77.3 77.4 77.6 77.7 77.9 78.0 78.7 4

 5 Credit market instruments 95.8 89.1 95.8 96.1 96.3 96.4 96.7 96.9 97.1 97.2 98.2 5

 6 Treasury securities 51.8 46.1 48.1 48.2 48.4 48.4 48.5 48.6 48.7 48.8 49.3 6

 7 Municipal securities 4.9 5.1 5.6 5.6 5.7 5.7 5.7 5.7 5.7 5.7 5.8 7

 8 Mortgages 39.1 37.9 42.1 42.2 42.3 42.4 42.5 42.6 42.7 42.7 43.1 8

 9 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Trade receivables 522.7 496.3 533.4 535.3 536.6 537.1 538.7 539.6 540.8 541.6 546.7 10

11 Miscellaneous assets 2121.8 2040.0 2115.3 2123.4 2129.3 2131.8 2138.8 2143.3 2148.4 2152.3 2172.9 11

12 Insurance receivables 111.5 112.4 112.6 113.0 115.2 116.9 119.0 118.8 119.9 120.7 122.9 12

13 Equity investment in GSEs (1) 6.4 6.3 6.7 6.7 6.8 7.0 7.0 7.1 7.0 7.1 7.1 13

14 Other 2003.9 1921.3 1996.0 2003.8 2007.3 2007.9 2012.7 2017.4 2021.5 2024.5 2042.8 14

15 Total liabilities 5794.5 5709.6 5653.5 5657.0 5668.8 5682.7 5702.9 5718.3 5733.9 5744.2 5789.1 15

16 Credit market instruments 4093.4 3973.3 3940.0 3931.0 3929.3 3932.3 3951.6 3959.2 3974.8 3985.0 4030.9 16

17 Depository institution loans n.e.c. 1046.1 944.1 923.7 928.0 944.2 961.6 980.4 1008.5 1031.5 1047.7 1075.7 17

18 Other loans and advances 177.4 172.0 174.1 175.7 172.4 170.0 174.7 176.2 177.9 180.3 183.8 18

19 Mortgages 2869.9 2857.2 2842.2 2827.3 2812.7 2800.7 2796.5 2774.4 2765.3 2757.0 2771.4 19

20 Trade payables 380.7 388.3 416.8 417.4 420.0 422.2 420.6 419.0 417.5 416.4 418.5 20

21 Taxes payable 106.2 99.9 99.2 99.6 99.8 99.9 100.3 100.5 100.7 100.9 101.9 21

22 Miscellaneous liabilities 1214.3 1248.1 1197.6 1209.1 1219.6 1228.3 1230.5 1239.6 1240.9 1241.9 1237.8 22

(1) Equity in the Farm Credit System.
72 Z.1, March 7, 2013

L.104 State and Local Governments (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 2356.8 2346.7 2331.2 2294.7 2259.8 2208.4 2192.0 2179.5 2173.7 2144.4 2095.4 1

 2 Checkable deposits and currency 79.9 99.1 104.6 103.8 108.6 108.2 121.4 119.0 117.1 111.8 118.0 2

 3 Time and savings deposits 238.9 248.1 241.3 242.0 234.8 241.6 256.5 275.2 271.0 284.4 292.2 3

 4 Money market fund shares 113.3 122.0 129.7 129.8 129.8 127.5 126.3 125.4 124.2 122.7 119.2 4

 5 Security RPs 117.2 113.2 107.9 105.1 102.4 100.5 99.6 98.9 98.0 96.7 94.0 5

 6 Credit market instruments 1330.6 1253.8 1287.3 1273.2 1253.1 1211.9 1196.8 1180.8 1179.6 1172.5 1155.2 6

 7 Open market paper 57.4 -16.0 44.1 55.0 65.9 63.9 68.0 67.1 66.1 64.8 61.8 7

 8 Treasury securities 526.7 547.2 538.7 526.0 508.7 487.9 485.2 483.4 489.6 482.0 476.9 8

 9 Agency- and GSE-backed securities 431.4 399.7 383.7 373.5 363.2 350.4 336.7 325.9 322.2 326.9 325.3 9

10 Municipal securities 9.4 10.3 11.1 11.1 11.2 11.0 10.9 10.8 10.7 10.6 10.3 10

11 Corporate and foreign bonds 137.8 140.6 142.1 140.5 138.8 136.3 135.2 134.1 132.9 131.2 127.5 11

12 Mortgages 167.9 172.1 167.7 167.2 165.4 162.3 160.8 159.5 158.1 157.0 153.4 12

13 Corporate equities 60.5 80.7 77.7 75.8 74.0 72.7 72.0 71.5 70.8 69.9 67.9 13

14 Mutual fund shares 36.1 37.5 38.6 38.4 38.1 37.4 37.1 36.8 36.5 36.0 35.0 14

15 Trade receivables 47.6 29.0 9.7 4.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Taxes receivable 117.9 111.1 104.7 104.6 110.9 109.7 110.0 111.9 114.1 112.3 112.3 16

17 Miscellaneous assets 215.1 252.1 229.7 217.2 208.2 199.0 172.2 160.1 162.6 138.1 101.6 17

18 Total liabilities 3448.1 3600.7 3710.3 3700.4 3676.4 3676.3 3697.8 3709.0 3726.0 3728.1 3732.7 18

19 Credit market instruments 2855.4 2968.4 3038.0 3018.1 2984.1 2973.9 2985.3 2986.3 2993.3 2985.3 2979.8 19

20 Municipal securities 2842.7 2954.9 3023.6 3003.6 2969.4 2958.9 2970.0 2970.9 2977.7 2969.7 2964.3 20

21 Short-term (2) 55.8 63.6 63.0 60.1 37.6 48.1 52.3 51.9 43.4 55.7 56.1 21

22 Long-term 2786.9 2891.3 2960.6 2943.5 2931.7 2910.8 2917.6 2919.0 2934.3 2914.0 2908.2 22

23 U.S. government loans 12.7 13.5 14.4 14.5 14.7 15.0 15.3 15.4 15.7 15.6 15.5 23

24 Trade payables 592.7 632.3 672.3 682.3 692.4 702.4 712.5 722.6 732.7 742.8 752.9 24

(1) Data for employee retirement funds are shown in table L.117.

(2) Debt with original maturity of 13 months or less.
Z.1, March 7, 2013 73

L.105 Federal Government

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1261.5 1342.7 1564.8 1393.9 1404.8 1328.1 1337.5 1296.1 1361.1 1394.2 1416.8 1

 2 U.S. official reserve assets 41.9 94.6 95.4 102.1 105.9 105.0 103.9 104.5 103.1 104.7 102.8 2

 3 Checkable deposits and currency 368.0 193.6 342.1 117.5 135.5 57.6 84.3 42.0 89.3 83.4 91.9 3

 4 Time and savings deposits 1.6 1.9 2.0 1.5 1.7 1.8 1.7 2.0 2.2 2.1 2.0 4

 5 Credit market instruments 366.4 661.8 746.9 778.2 757.0 761.6 746.2 755.8 775.0 812.6 830.1 5

 6 Agency- and GSE-backed securities 54.4 196.4 149.2 138.4 103.7 70.6 31.1 1.5 0.0 0.0 0.0 6

 7 Corporate and foreign bonds 0.0 0.6 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.7 0.6 7

 8 Other loans and advances 111.8 177.9 181.4 183.6 180.6 182.4 186.3 189.3 191.4 190.5 190.5 8

 9 Mortgages 95.8 108.4 106.6 107.8 109.3 109.3 110.6 111.7 112.2 112.0 112.2 9

10 Consumer credit (1) 104.3 178.6 308.8 347.5 362.4 398.5 417.4 452.6 470.7 509.5 526.8 10

11 Corporate equities (2) 188.7 67.4 49.9 62.1 66.0 59.3 57.8 48.2 43.6 41.2 39.9 11

12 Trade receivables 64.7 43.6 42.9 44.7 47.0 48.2 47.7 49.0 50.6 51.5 49.6 12

13 Taxes receivable 119.4 133.9 144.3 146.7 149.1 151.5 152.8 154.2 155.5 156.8 158.1 13

14 Miscellaneous assets 110.8 145.8 141.4 141.0 142.7 143.1 143.1 140.5 141.9 141.9 142.2 14

15 Total liabilities 7888.4 9405.9 11079.7 11343.0 11349.7 11857.5 12260.1 12651.2 12861.6 13111.9 13468.7 15

16 SDR allocations 7.5 55.4 54.4 56.0 56.5 55.2 54.2 54.7 53.6 54.5 54.3 16

17 SDR certificates 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 17

18 Treasury currency 26.6 26.2 25.9 25.9 25.9 25.9 25.9 25.9 25.9 25.9 25.9 18

19 Credit market instruments 6361.5 7805.4 9385.6 9645.9 9738.6 10127.6 10453.6 10851.9 11050.1 11279.9 11593.7 19

20 Savings bonds 194.0 191.2 187.9 186.8 186.0 185.1 185.2 184.7 184.3 183.6 182.4 20

21 Treasury bills 1861.2 1787.9 1768.9 1694.7 1529.4 1475.6 1519.5 1672.6 1594.4 1613.0 1626.5 21

22 Other Treasury securities 4283.0 5802.8 7404.7 7739.9 7998.7 8442.0 8723.7 8970.1 9246.9 9458.9 9760.0 22

23 Budget agency securities 23.3 23.5 24.2 24.5 24.5 25.0 25.3 24.4 24.5 24.4 24.9 23

24 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Trade payables 260.8 204.6 210.8 226.4 232.5 236.4 233.1 243.1 247.0 248.7 247.9 25

26 Insurance reserves 46.4 47.5 48.4 48.5 48.9 49.2 49.7 49.8 50.2 50.1 50.0 26

27 Miscellaneous liabilities (3) 1183.5 1261.6 1349.4 1335.1 1242.0 1358.1 1438.3 1420.6 1429.6 1447.6 1491.6 27

28 Nonmarketable securities held by pension plans 1015.3 1077.2 1142.9 1128.8 1042.1 1149.3 1213.7 1197.2 1203.5 1223.3 1254.1 28

29 Other 168.2 184.4 206.5 206.3 199.9 208.8 224.6 223.4 226.1 224.3 237.5 29

(1) Includes loans originated by the Department of Education under the Federal Direct Loan Program, as well as Federal Family Education Loan Program loans that

 the government purchased from depository institutions and finance companies.

(2) Corporate equities purchased from financial businesses under the Troubled Asset Relief Program (TARP) and from GSEs at market price.

(3) Includes nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military

 retirement fund, and foreign service retirement and disability fund.
74 Z.1, March 7, 2013

L.106 Rest of the World

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 15239.6 15806.6 17405.5 17953.1 18189.1 18416.5 18801.8 19022.2 19075.8 19341.2 19384.4 1

 2 SDR allocations 7.5 55.4 54.4 56.0 56.5 55.2 54.2 54.7 53.6 54.5 54.3 2

 3 Net interbank assets 464.5 194.0 145.9 390.0 370.2 423.7 367.0 391.8 400.1 350.1 213.0 3

 4 U.S. checkable deposits and currency 370.1 361.0 390.5 411.3 430.9 450.1 472.3 488.9 498.8 522.1 540.5 4

 5 U.S. time deposits 273.1 230.0 246.9 258.8 265.3 281.0 280.0 276.1 291.0 303.0 326.0 5

 6 Money market fund shares 69.7 76.9 69.8 67.3 64.8 64.4 79.5 91.2 105.8 108.4 111.8 6

 7 Security RPs (net) 114.9 31.0 -96.1 -38.2 -53.0 -104.9 -44.9 -83.2 -117.6 -98.6 -84.7 7

 8 Credit market instruments 7504.6 7723.4 8497.0 8600.3 8666.2 8838.3 9128.5 9222.3 9246.7 9416.7 9510.6 8

 9 Open market paper 232.9 191.5 191.0 199.3 195.1 200.3 191.7 203.3 188.9 190.2 195.2 9

10 Treasury securities 3253.0 3670.6 4466.6 4577.9 4664.7 4813.7 5071.1 5200.0 5291.2 5444.0 5545.5 10

11 Official 2400.5 2879.6 3364.8 3421.0 3525.4 3553.5 3653.1 3738.1 3823.4 3928.3 3991.8 11

12 Private 852.5 791.0 1101.8 1156.9 1139.3 1260.2 1418.1 1461.9 1467.9 1515.8 1553.8 12

13 Agency- and GSE-backed securities 1406.9 1154.9 1084.0 1072.0 1057.1 1060.5 1079.9 1074.4 1067.4 1089.2 1077.2 13

14 Official 940.5 749.0 661.2 668.5 665.1 650.2 648.2 644.5 633.0 639.7 619.7 14

15 Private 466.4 405.9 422.8 403.5 392.0 410.2 431.7 430.0 434.4 449.5 457.5 15

16 Municipal securities 50.5 58.7 71.7 74.2 76.7 75.0 73.4 71.7 70.1 69.1 68.1 16

17 U.S. corporate bonds (1) 2354.0 2465.3 2523.3 2509.8 2487.4 2481.2 2509.8 2496.9 2458.7 2458.7 2477.7 17

18 Loans to U.S. corporate business 207.3 182.5 160.4 167.1 185.3 207.6 202.6 176.0 170.4 165.5 146.9 18

19 U.S. corporate equities 1807.1 2476.7 2962.0 3161.5 3165.2 2730.6 2783.0 3125.0 3251.0 3513.2 3513.6 19

20 Mutual fund shares 255.6 364.1 513.8 569.4 599.8 525.5 735.4 843.6 886.6 908.0 936.5 20

21 Trade receivables 90.1 96.7 116.3 116.2 118.3 132.3 133.5 136.9 140.0 144.5 146.2 21

22 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Miscellaneous assets 4282.3 4197.4 4505.0 4360.6 4504.7 5020.4 4813.3 4474.9 4319.8 4119.3 4116.7 23

24 Foreign direct investment in U.S. (2) 2397.4 2398.2 2597.7 2631.9 2695.7 2764.0 2908.8 2932.2 2984.5 3024.1 3044.7 24

25 Other 1884.9 1799.2 1907.3 1728.6 1809.1 2256.4 1904.5 1542.7 1335.3 1095.2 1072.0 25

26 Total liabilities 8844.2 9079.9 9807.3 9830.8 9839.9 10791.6 10080.6 9708.2 10019.0 9957.5 9074.5 26

27 U.S. official reserve assets (3) 66.6 119.7 121.4 128.3 132.8 131.3 129.6 129.8 128.1 130.3 127.5 27

28 U.S. private deposits 946.7 840.6 866.5 917.5 917.9 919.6 834.1 803.0 769.4 811.7 843.7 28

29 Credit market instruments 1708.8 2090.3 2225.3 2304.8 2326.8 2290.1 2276.7 2288.3 2267.9 2282.5 2330.1 29

30 Commercial paper 342.0 401.3 398.6 428.2 417.2 352.5 345.1 362.6 357.4 366.4 372.7 30

31 Bonds 1237.3 1570.3 1689.5 1727.2 1757.3 1774.6 1763.8 1745.3 1717.9 1717.8 1756.1 31

32 Depository institution loans n.e.c. 107.9 96.8 115.1 127.1 130.5 140.9 144.3 153.6 164.8 167.0 166.5 32

33 Official 2.6 3.2 4.3 4.2 3.2 3.1 2.6 2.5 2.2 2.1 2.0 33

34 Banks 33.0 27.9 39.7 45.7 49.1 53.0 51.0 51.6 54.4 50.8 49.2 34

35 Other 72.4 65.8 71.2 77.1 78.2 84.8 90.7 99.5 108.3 114.2 115.3 35

36 Other loans and advances 21.6 21.9 22.1 22.2 21.9 22.0 23.5 26.7 27.8 31.2 34.9 36

37 Trade payables 63.2 69.3 95.1 93.1 78.3 72.7 63.0 66.9 66.5 67.3 68.7 37

38 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Miscellaneous liabilities 6059.0 5959.9 6498.9 6387.2 6384.1 7378.0 6777.2 6420.3 6787.1 6665.7 5704.5 39

40 U.S. equity in IBRD, etc. 48.3 50.0 52.3 52.9 54.3 54.7 54.9 55.2 57.0 57.3 57.5 40

41 Nonofficial foreign currencies 554.2 10.9 0.8 0.7 1.0 1.5 100.5 47.2 28.7 13.2 9.5 41

42 U.S. direct investment abroad (1,2) 3748.5 4029.5 4306.8 4419.1 4560.7 4642.9 4681.6 4806.0 4879.5 4992.6 5039.8 42

43 Investment by holding companies 101.5 125.1 135.6 121.9 186.2 199.3 166.3 185.6 166.1 154.0 114.7 43

44 Other 1606.4 1744.5 2003.3 1792.7 1581.8 2479.5 1774.0 1326.3 1655.9 1448.6 483.0 44

 Memo:

45 Market value of foreign equities 2748.4 3995.3 4646.9 4975.3 5100.2 4202.5 4158.2 4591.0 4230.1 4512.5 4745.7 45

 held by U.S. residents (4)

(1) Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries; U.S. direct investment abroad excludes net inflows from those bond issues.

(2) Direct investment is valued on a current-cost basis.

(3) Does not include monetary gold.

(4) Includes American Depositary Receipts (ADRs).
Z.1, March 7, 2013 75

L.107 Financial Business (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 62383.4 64057.0 64555.1 66054.7 66442.4 64416.7 65814.4 68251.0 67699.5 69051.2 69869.8 1

 2 U.S. official reserve assets 35.7 36.2 37.0 37.2 37.9 37.4 36.8 36.4 36.1 36.6 35.8 2

 3 SDR certificates 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3

 4 Treasury currency 38.7 42.7 43.5 43.8 44.0 44.1 44.2 44.4 44.5 44.6 44.8 4

 5 Foreign deposits 85.6 97.1 105.9 109.4 113.9 70.0 42.9 40.1 33.0 40.2 43.3 5

 6 Net interbank assets 1475.9 1126.4 1019.6 1459.0 1650.6 1647.4 1622.6 1605.7 1563.0 1496.2 1561.7 6

 7 Checkable deposits and currency 377.2 349.6 333.9 335.8 352.3 363.0 365.8 331.4 333.0 336.8 351.9 7

 8 Time and savings deposits 610.2 755.7 682.4 690.0 695.7 654.4 633.8 609.0 597.8 640.4 671.0 8

 9 Money market fund shares 1206.5 1031.2 864.6 836.5 821.4 764.9 797.3 754.5 713.4 724.0 784.6 9

10 Federal funds and security RPs 910.5 857.6 871.4 924.2 900.1 834.0 808.9 861.6 919.6 965.8 971.2 10

11 Credit market instruments 38814.2 37941.3 37044.0 37255.2 37470.5 37645.4 38017.6 38342.4 38442.0 38665.9 39209.7 11

12 Open market paper 1246.2 871.9 722.8 772.4 717.9 652.1 621.1 630.1 619.0 611.8 599.4 12

13 Treasury securities 2244.4 2684.4 3145.2 3473.1 3722.4 3903.0 4127.3 4266.5 4229.2 4271.0 4402.4 13

14 Agency- and GSE-backed securities 5297.9 5993.7 5643.7 5649.4 5671.0 5748.5 5797.5 5877.7 5921.5 5956.9 6049.1 14

15 Municipal securities 1703.8 1742.2 1786.4 1763.5 1755.9 1758.1 1798.5 1817.3 1839.5 1884.0 1928.8 15

16 Corporate and foreign bonds 6732.6 6811.7 6891.9 6953.8 7014.9 7034.7 7054.3 7282.0 7324.6 7433.5 7579.0 16

17 Depository institution loans n.e.c. 2750.0 2021.7 1954.3 1944.6 1972.1 2023.9 2086.8 2101.9 2150.2 2178.0 2252.2 17

18 Other loans and advances 2261.3 1711.0 1429.8 1391.1 1389.9 1368.9 1398.2 1382.1 1409.0 1458.4 1459.9 18

19 Mortgages 14189.8 13896.3 13290.2 13197.3 13109.8 13032.2 12977.0 12873.7 12813.3 12715.4 12739.5 19

20 Consumer credit 2388.3 2208.5 2179.7 2110.0 2116.7 2124.0 2156.9 2111.1 2135.6 2156.9 2199.3 20

21 Corporate equities 7849.2 10131.0 11579.9 12193.2 12111.1 10070.1 10974.3 12345.3 11753.6 12480.0 12514.0 21

22 Mutual fund shares 1679.7 2216.0 2552.2 2672.0 2679.2 2364.8 2546.7 2786.5 2700.3 2817.8 2840.4 22

23 Trade receivables 182.2 144.2 135.6 138.0 139.3 136.2 134.8 136.4 134.4 135.9 133.6 23

24 Security credit 385.8 422.6 520.5 554.8 566.1 576.0 560.2 613.3 632.5 702.2 736.4 24

25 Life insurance reserves 130.0 132.8 141.1 142.5 143.4 145.8 148.4 167.5 169.7 172.7 172.9 25

26 Miscellaneous assets 8599.8 8767.3 8618.3 8658.1 8711.7 9058.1 9074.9 9571.2 9621.4 9786.8 9793.4 26

27 Total liabilities 59515.7 60581.3 60901.2 62380.9 62744.2 60902.4 62206.7 64275.8 63714.7 65098.4 65763.9 27

28 Net interbank liabilities 1922.9 1325.5 1147.7 1847.7 2025.2 2081.0 1984.3 1988.9 1949.6 1885.1 1803.2 28

29 Checkable deposits and currency 2101.3 2093.4 2359.8 2193.3 2314.6 2403.7 2594.3 2520.5 2594.3 2640.4 2861.5 29

30 Time and savings deposits 7940.9 8316.3 8432.4 8553.3 8714.0 8724.0 8805.2 8914.8 8968.0 9080.4 9311.2 30

31 Money market fund shares 3757.3 3258.6 2755.4 2679.4 2637.8 2577.9 2642.5 2535.5 2467.9 2506.9 2649.6 31

32 Federal funds and security RPs 1238.2 1488.4 1272.3 1312.7 1258.2 1102.2 1142.6 1187.7 1167.1 1134.5 1124.5 32

33 Credit market instruments 17123.8 15709.3 14498.4 14434.3 14273.6 14161.7 14053.9 13996.3 13842.4 13952.4 13852.2 33

34 Open market paper 1126.3 678.2 576.0 592.6 557.6 527.3 507.9 504.3 472.6 454.7 449.2 34

35 Agency- and GSE-backed securities 8143.4 8083.3 7574.0 7624.3 7553.3 7560.0 7552.1 7508.5 7517.2 7519.5 7519.4 35

36 Corporate and foreign bonds 6000.7 5738.3 5334.4 5245.9 5158.5 5077.0 5004.7 5052.0 4954.6 5020.4 4959.4 36

37 Depository institution loans n.e.c. 789.5 424.7 373.7 360.1 406.0 414.2 399.9 362.6 299.7 365.3 335.0 37

38 Other loans and advances 900.5 617.9 473.2 442.5 424.8 408.7 413.1 390.2 413.3 404.4 401.3 38

39 Mortgages 163.5 166.9 167.1 168.9 173.5 174.5 176.2 178.8 185.0 188.0 187.9 39

40 Mutual fund shares 5388.0 6920.7 7873.0 8402.1 8503.7 7449.5 7870.9 8797.4 8653.4 9131.0 9283.6 40

41 Trade payables 21.2 70.1 18.1 18.4 19.2 16.3 14.3 17.3 13.5 13.0 14.2 41

42 Security credit 963.6 888.2 936.6 942.3 1011.0 1128.9 1073.7 1107.8 1165.7 1213.2 1208.7 42

43 Life insurance reserves 1133.4 1194.5 1229.9 1254.3 1268.6 1271.1 1302.3 1331.6 1320.6 1344.4 1353.5 43

44 Pension fund reserves 10513.7 11965.7 13112.0 13517.9 13403.6 12441.4 13133.2 13942.5 13624.2 14036.5 14060.7 44

45 Taxes payable -101.1 -95.0 -87.8 -79.5 -81.3 -85.2 -76.9 -76.9 -76.9 -67.4 -66.4 45

46 Miscellaneous liabilities 7512.5 7445.5 7353.5 7304.7 7395.9 7630.0 7666.3 8012.5 8024.8 8228.1 8307.4 46

 Memo:

47 Market value of corporate equities 2875.4 3578.1 4282.1 4577.0 4540.1 3723.7 4070.5 4735.7 4519.8 4796.3 4960.9 47

48 Equity in noncorporate business 9.5 12.1 13.8 15.0 14.7 13.1 12.9 17.8 17.9 18.6 18.9 48

(1) Sum of financial sectors shown on tables L.108 through L.129.
76 Z.1, March 7, 2013

L.108 Monetary Authority (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 2270.6 2267.2 2453.2 2656.8 2891.6 2876.7 2947.2 2886.7 2883.3 2837.6 2954.9 1

 2 U.S. official reserve assets 35.7 36.2 37.0 37.2 37.9 37.4 36.8 36.4 36.1 36.6 35.8 2

 3 SDR certificates 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3

 4 Treasury currency 38.7 42.7 43.5 43.8 44.0 44.1 44.2 44.4 44.5 44.6 44.8 4

 5 Federal Reserve float (2) -1.5 -2.1 -1.4 -1.4 -0.9 -0.8 -0.6 -0.7 -0.7 -0.6 -0.5 5

 6 Interbank loans (2) 559.7 96.6 0.2 0.1 0.1 0.1 0.2 0.0 0.1 0.1 0.1 6

 7 Discount window (3) 544.0 96.6 0.2 0.1 0.1 0.1 0.2 0.0 0.1 0.1 0.1 7

 8 AMLF (4) 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Security RPs 80.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Credit market instruments 986.0 1987.7 2259.2 2479.2 2700.4 2686.1 2635.6 2613.4 2610.9 2565.1 2670.1 10

11 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Treasury securities 475.9 776.6 1021.5 1340.4 1619.5 1664.7 1663.4 1661.1 1659.9 1645.3 1666.1 12

13 Treasury bills 18.4 18.4 18.4 18.4 18.4 18.4 18.4 18.4 18.4 0.0 0.0 13

14 Other Treasury securities 457.5 758.2 1003.1 1322.0 1601.1 1646.2 1645.0 1642.7 1641.5 1645.3 1666.1 14

15 Agency- and GSE-backed securities 19.7 1068.3 1139.6 1069.7 1025.6 979.2 941.7 933.3 946.5 918.4 1003.4 15

16 Mortgage-backed securities 0.0 908.4 992.1 937.2 908.9 870.9 837.7 836.8 855.0 835.0 926.7 16

17 Other agency- and GSE-backed securities 19.7 159.9 147.5 132.5 116.7 108.3 104.0 96.5 91.5 83.4 76.8 17

18 Depository institution loans n.e.c. 490.4 142.8 98.1 69.1 55.3 42.3 30.5 19.0 4.5 1.5 0.6 18

19 Households (TALF) (5) 0.0 47.5 24.7 19.2 12.8 11.3 9.0 7.1 4.5 1.5 0.6 19

20 Rest of world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Brokers and dealers (6) 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Funding corporations (Maiden Lane) (7) 29.1 29.2 25.8 24.1 21.6 13.0 4.9 2.9 0.0 0.0 0.0 22

23 Funding corporations (AIG) 38.9 22.2 20.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Funding corporations (Maiden Lane II) (8) 19.5 16.0 13.5 12.8 8.6 7.2 6.8 0.0 0.0 0.0 0.0 24

25 Funding corporations (Maiden Lane III)(9) 24.4 18.5 14.1 12.9 12.3 10.9 9.8 9.0 0.0 0.0 0.0 25

26 Funding corporations (CPFF) (10) 333.0 9.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Corporate equities (11) 0.0 25.1 26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Miscellaneous assets 569.8 75.9 83.1 92.8 105.0 104.6 225.8 188.1 187.2 186.5 199.5 28

29 Nonofficial foreign currencies (12) 553.7 10.3 0.1 0.0 0.0 0.5 99.8 46.5 28.0 12.6 8.9 29

30 Other 16.1 65.6 83.0 92.8 105.0 104.1 126.0 141.6 159.3 174.0 190.6 30

31 Total liabilities 2249.6 2241.6 2426.7 2630.5 2865.1 2850.7 2920.3 2859.5 2855.9 2810.2 2927.6 31

32 Depository institution reserves 860.0 977.0 968.1 1407.0 1595.9 1597.5 1562.3 1549.9 1507.0 1440.4 1491.0 32

33 Vault cash of depository institutions 57.7 54.9 52.7 53.3 55.4 50.6 60.8 56.5 56.6 56.3 71.0 33

34 Checkable deposits and currency 1220.3 1102.7 1287.8 1078.7 1116.4 1090.8 1165.7 1122.7 1178.4 1185.9 1224.6 34

35 Due to federal government 365.7 191.9 340.9 116.4 135.3 56.4 85.9 43.6 91.5 85.6 92.9 35

36 Treasury cash holdings 0.3 0.2 0.2 0.2 0.1 0.1 0.1 0.2 0.1 0.1 0.2 36

37 Treasury general deposit account 106.1 186.6 140.8 111.2 130.1 56.3 85.7 43.5 91.4 85.4 92.7 37

38 Treasury temporary supplementary financing account 259.3 5.0 200.0 5.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Due to rest of the world 1.4 2.4 3.4 0.1 0.4 2.6 0.2 0.2 1.6 5.7 6.5 39

40 Due to government-sponsored enterprises 21.1 35.1 13.5 10.2 7.3 44.8 64.6 36.9 29.9 22.6 27.2 40

41 Currency outside banks 832.2 873.3 930.0 952.0 973.5 987.0 1015.0 1042.1 1055.3 1072.1 1098.1 41

42 Security RPs 88.4 77.7 59.7 62.2 70.3 84.1 99.9 96.7 85.5 92.7 107.2 42

43 Miscellaneous liabilities 23.1 29.2 58.4 29.3 27.0 27.7 31.7 33.7 28.5 34.8 33.6 43

44 Federal Reserve Bank stock 21.1 25.6 26.5 26.3 26.5 26.0 26.9 27.2 27.3 27.4 27.4 44

45 Other 2.1 3.6 31.9 3.1 0.5 1.7 4.8 6.5 1.1 7.5 6.3 45

(1) Assets and liabilities of Federal Reserve Banks and Treasury monetary accounts that supply or absorb bank reserves. Excludes the accounts of the Federal Reserve Board.

(2) Shown on table L.203.

(3) Federal Reserve loans extended to domestic banks through term auction credit, primary credit, secondary credit, and seasonal credit.

(4) Federal Reserve loans extended to domestic banks through the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

(5) Loans extended to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF).

(6) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the AMLF.

(7) Loan extended by the Federal Reserve to Maiden Lane LLC to facilitate the arrangements associated with JPMorgan Chase & Co.’s acquisition of Bear Stearns Companies, Inc.

(8) Loan extended by the Federal Reserve to Maiden Lane II LLC to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of AIG subsidiaries.

(9) Loan extended by the Federal Reserve to Maiden Lane III LLC to purchase CDOs on which AIG has written credit default swap contracts.

(10) Loan extended by the Federal Reserve to Commercial Paper Funding Facility LLC.

(11) Preferred interests in AIA Aurora LLC and ALICO Holdings LLC, two limited liability companies created to hold all the outstanding common stock of American International Assurance

 Company Ltd (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(12) Reciprocal currency arrangements (swap lines) with foreign central banks.
Z.1, March 7, 2013 77

L.109 Private Depository Institutions (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 14114.6 13425.0 13543.2 13920.2 14169.9 14565.0 14634.9 14520.5 14696.1 14766.1 14991.6 1

 2 Vault cash 57.7 54.9 52.7 53.3 55.4 50.6 60.8 56.5 56.6 56.3 71.0 2

 3 Reserves at Federal Reserve 860.0 977.0 968.1 1407.0 1595.9 1597.5 1562.3 1549.9 1507.0 1440.4 1491.0 3

 4 Credit market instruments 11295.5 10728.2 10913.1 10801.9 10798.9 10948.7 11108.1 11109.9 11210.3 11294.3 11488.8 4

 5 Open market paper 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Treasury securities 101.9 196.6 299.5 305.1 270.4 273.3 252.9 280.6 294.8 327.0 343.9 6

 7 Agency- and GSE-backed securities 1400.3 1580.0 1718.1 1766.7 1767.1 1787.5 1851.7 1929.2 1905.8 1905.4 1901.1 7

 8 Municipal securities 224.4 227.8 257.1 262.7 269.8 286.7 300.7 310.6 330.2 352.8 365.7 8

 9 Corporate and foreign bonds 1078.2 932.6 787.0 762.1 763.5 808.5 794.6 757.7 754.3 775.6 774.7 9

10 Depository institution loans n.e.c. 2259.5 1878.9 1856.3 1875.5 1916.8 1981.5 2056.4 2082.9 2145.6 2176.5 2251.7 10

11 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Mortgages 5014.2 4768.9 4583.0 4468.0 4430.6 4424.2 4436.2 4370.3 4373.9 4334.1 4389.5 12

13 Consumer credit 1201.2 1143.4 1412.0 1361.8 1380.6 1387.0 1415.6 1378.7 1405.7 1422.8 1462.3 13

14 Corporate equities 33.8 63.6 73.6 78.0 80.9 58.7 67.4 80.4 75.0 83.4 87.5 14

15 Mutual fund shares 21.6 47.4 46.5 48.8 46.8 38.4 43.4 48.8 49.3 54.9 61.3 15

16 Security credit 221.0 219.6 242.3 239.0 253.3 324.1 321.3 345.5 388.1 433.0 432.7 16

17 Life insurance reserves 110.7 111.5 116.0 117.3 118.4 119.3 120.8 133.8 135.0 136.4 138.1 17

18 Miscellaneous assets 1514.3 1222.7 1130.9 1174.9 1220.3 1427.7 1350.8 1195.7 1274.8 1267.4 1221.2 18

19 Total liabilities 13621.7 13222.9 13498.0 13945.0 14213.4 14640.2 14708.0 14769.5 14925.6 15108.5 15259.1 19

20 Net interbank liabilities 1005.2 293.6 127.0 387.4 373.9 432.9 361.3 382.4 386.0 388.4 241.1 20

21 Checkable deposits 881.0 990.7 1072.0 1114.6 1198.1 1312.9 1428.6 1397.7 1415.9 1454.4 1636.9 21

22 Small time and savings deposits 5749.3 6326.5 6624.9 6741.5 6898.8 7065.7 7202.2 7410.5 7457.0 7595.4 7802.3 22

23 Large time deposits 2191.6 1989.8 1807.5 1811.8 1815.3 1658.4 1603.0 1504.3 1511.1 1485.0 1508.9 23

24 Federal funds and security RPs (net) 467.5 835.8 674.9 651.2 600.9 616.3 600.1 568.2 567.6 538.2 501.7 24

25 Credit market instruments 1030.9 744.6 968.7 930.4 910.7 891.8 892.9 863.7 868.5 846.6 849.3 25

26 Open market paper 0.5 0.6 113.0 109.3 109.1 109.9 120.6 104.4 102.1 90.7 87.5 26

27 Corporate bonds 184.8 176.3 436.8 433.5 432.7 429.4 415.8 427.2 414.4 409.9 415.8 27

28 Other loans and advances 845.6 567.6 418.9 387.7 369.0 352.5 356.4 332.2 351.9 346.0 346.0 28

29 Taxes payable (net) -73.6 -66.2 -59.6 -54.9 -50.3 -46.9 -49.1 -52.6 -50.3 -46.3 -47.7 29

30 Miscellaneous liabilities 2369.8 2108.2 2282.7 2363.0 2466.1 2709.2 2669.0 2695.3 2769.9 2846.8 2766.6 30

31 Foreign direct investment in U.S. 71.7 107.7 114.8 118.7 122.4 131.3 153.1 146.6 149.9 152.5 154.8 31

32 Investment by holding companies 1370.5 1599.5 1632.8 1671.0 1674.2 1696.8 1711.9 1785.1 1825.4 1871.3 1890.2 32

33 Investment by funding corporations 276.6 203.1 171.6 188.9 173.4 140.1 137.8 154.3 128.5 117.9 126.0 33

34 Other 650.9 197.9 363.5 384.4 496.0 741.0 666.2 609.3 666.1 705.1 595.6 34

 Memo:

35 Consumer leases not included above (2) 9.5 6.9 6.2 6.1 6.1 6.2 6.0 6.0 5.9 6.2 6.5 35

(1) U.S.-chartered depository institutions (L.110), foreign banking offices (L.111), banks in U.S.-affiliated areas (L.112), and credit unions (L.113).

(2) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).

 The leased automobile is a nonfinancial asset.
78 Z.1, March 7, 2013

L.110 U.S.-Chartered Depository Institutions, Excluding Credit Unions

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 11639.0 11257.1 11290.8 11309.2 11452.8 11557.3 11706.4 11656.3 11747.4 11810.8 12069.5 1

 2 Vault cash 57.7 54.9 52.7 53.3 55.4 50.6 60.8 56.5 56.6 56.3 71.0 2

 3 Reserves at Federal Reserve 616.4 670.1 580.4 711.4 868.2 793.3 805.2 813.4 771.6 730.2 815.9 3

 4 Credit market instruments 9442.9 9131.1 9341.5 9211.3 9185.9 9299.0 9468.4 9462.8 9564.3 9622.3 9815.2 4

 5 Open market paper 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Treasury securities 56.4 124.5 217.5 216.1 183.3 191.7 173.9 187.8 212.5 227.8 243.4 6

 7 Agency- and GSE-backed securities 1242.5 1417.4 1527.2 1561.8 1559.6 1576.6 1634.1 1699.2 1668.4 1672.7 1668.3 7

 8 Residential mortgage pass-through securities 851.0 837.5 835.3 840.3 827.1 844.6 899.1 946.8 932.4 932.9 912.8 8

 9 Commercial mortgage pass-through securities 0.0 3.6 3.3 3.8 4.8 7.3 8.2 14.4 16.0 18.9 21.8 9

10 Residential CMOs and other structured MBS 193.9 264.0 393.4 417.8 450.1 472.2 473.8 482.0 460.6 460.0 453.5 10

11 Commercial CMOs and other structured MBS 0.0 4.0 3.6 4.7 5.5 9.6 13.4 25.1 31.8 37.3 42.9 11

12 Other 197.6 308.4 291.5 295.2 272.0 243.0 239.6 230.9 227.6 223.6 237.4 12

13 Municipal securities 221.9 224.3 254.6 259.9 267.3 283.8 297.3 307.2 327.4 350.0 363.1 13

14 Corporate and foreign bonds 650.5 667.1 548.9 532.0 525.1 544.6 551.8 532.3 528.8 542.6 551.7 14

15 Priv. residential mortgage pass-through securities 29.0 16.2 6.5 12.9 6.8 5.8 3.5 3.1 18.8 18.1 18.8 15

16 Priv. commercial mortgage pass-through securities 0.0 17.8 11.4 9.1 9.2 9.3 8.9 9.3 9.2 9.1 9.2 16

17 Priv. residential CMOs and other structured MBS 285.6 202.9 132.3 123.8 116.8 113.7 110.4 97.4 93.7 92.8 89.3 17

18 Priv. commercial CMOs and other structured MBS 0.0 26.0 24.7 20.1 20.0 24.9 27.4 27.3 29.9 31.1 32.8 18

19 Other 335.9 404.1 374.0 366.1 372.3 390.9 401.8 395.2 377.2 391.5 401.6 19

20 Depository institution loans n.e.c. 1675.8 1419.6 1412.9 1415.5 1445.0 1501.0 1569.2 1596.2 1666.4 1698.4 1772.5 20

21 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Mortgages 4615.2 4371.9 4194.9 4082.5 4045.9 4038.2 4049.6 3984.5 3986.4 3944.6 3997.5 22

23 Consumer credit 965.0 906.3 1185.5 1143.6 1159.8 1163.1 1192.6 1155.7 1174.5 1186.1 1218.6 23

24 Corporate equities 33.8 63.6 73.6 78.0 80.9 58.7 67.4 80.4 75.0 83.4 87.5 24

25 Mutual fund shares 19.6 46.1 45.0 47.1 45.0 36.6 41.7 46.7 47.3 52.8 59.2 25

26 Security credit 158.6 158.0 152.3 152.1 163.2 186.9 189.6 190.8 209.8 241.8 242.9 26

27 Life insurance reserves 110.7 111.5 116.0 117.3 118.4 119.3 120.8 133.8 135.0 136.4 138.1 27

28 Miscellaneous assets 1199.2 1021.7 929.3 938.7 935.8 1012.8 952.6 871.8 887.9 887.6 839.8 28

29 Total liabilities 11212.0 11110.9 11304.0 11389.4 11554.7 11691.3 11839.0 11965.8 12039.5 12216.2 12402.5 29

30 Net interbank liabilities 1238.0 697.2 480.9 480.7 410.3 323.4 233.7 281.3 224.3 230.4 134.9 30

31 Federal Reserve float -1.5 -2.1 -1.4 -1.4 -0.9 -0.8 -0.6 -0.7 -0.7 -0.6 -0.5 31

32 Borrowing from Federal Reserve banks 559.7 96.6 0.2 0.1 0.1 0.1 0.2 0.0 0.1 0.1 0.1 32

33 To domestic banks 35.4 52.4 20.8 34.7 51.2 66.8 61.4 69.6 63.6 67.4 59.0 33

34 To foreign banks 644.4 550.3 461.3 447.3 359.9 257.3 172.8 212.4 161.3 163.4 76.3 34

35 Checkable deposits 777.5 871.6 941.1 978.0 1059.7 1154.6 1260.5 1219.8 1232.0 1267.7 1436.7 35

36 Federal government 3.5 3.8 3.6 3.6 3.7 3.0 1.0 1.3 1.2 1.1 1.4 36

37 Rest of the world 62.9 34.3 30.4 43.3 46.5 51.4 56.1 54.6 54.1 55.4 51.9 37

38 Private domestic 711.1 833.5 907.0 931.0 1009.5 1100.2 1203.5 1163.8 1176.7 1211.2 1383.4 38

39 Small time and savings deposits 5144.6 5617.0 5888.6 5980.1 6130.7 6293.3 6425.7 6598.7 6636.4 6775.6 6978.1 39

40 Large time deposits 1309.2 979.4 849.1 824.2 819.4 802.1 813.9 743.4 777.4 749.1 738.2 40

41 Federal funds and security RPs (net) 335.3 665.6 451.7 426.8 407.0 361.6 342.6 301.3 285.3 258.6 217.6 41

42 Credit market instruments 990.3 718.1 942.6 906.7 887.9 868.1 868.7 840.8 844.7 822.2 824.9 42

43 Open market paper 0.5 0.6 113.0 109.3 109.1 109.9 120.6 104.4 102.1 90.7 87.5 43

44 Corporate bonds 184.8 176.3 436.8 433.5 432.7 429.4 415.8 427.2 414.4 409.9 415.8 44

45 Other loans and advances 805.0 541.1 392.8 364.0 346.1 328.7 332.3 309.3 328.2 321.6 321.6 45

46 Taxes payable (net) -73.6 -66.2 -59.6 -54.9 -50.3 -46.9 -49.1 -52.6 -50.3 -46.3 -47.7 46

47 Miscellaneous liabilities 1490.7 1628.3 1809.7 1847.8 1890.0 1935.1 1943.0 2033.2 2089.6 2158.9 2119.8 47

48 Investment by holding companies 1370.5 1599.5 1632.8 1671.0 1674.2 1696.8 1711.9 1785.1 1825.4 1871.3 1890.2 48

49 Other 120.2 28.8 176.8 176.8 215.8 238.3 231.1 248.1 264.2 287.6 229.6 49

 Memo:

50 Consumer leases not included above (1) 9.5 6.9 6.2 6.1 6.1 6.2 6.0 6.0 5.9 6.2 6.5 50

(1) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).

 The leased automobile is a nonfinancial asset.
Z.1, March 7, 2013 79

L.111 Foreign Banking Offices in U.S. (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1624.8 1267.5 1336.7 1668.0 1793.1 2078.8 1999.0 1909.6 1976.8 1978.0 1942.4 1

 2 Reserves at Federal Reserve 239.0 284.1 350.8 640.8 677.5 762.5 711.0 679.1 687.8 670.6 638.8 2

 3 Credit market instruments 1063.8 777.9 747.1 757.6 773.4 804.4 784.9 775.5 760.4 778.3 770.6 3

 4 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Treasury securities 35.5 57.5 60.9 66.1 63.6 58.1 60.5 71.6 61.0 77.3 76.6 5

 6 Agency- and GSE-backed securities 50.6 31.3 26.5 31.4 30.6 32.2 30.6 29.0 32.3 30.2 32.1 6

 7 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Corporate and foreign bonds 401.6 244.9 233.9 220.6 229.5 255.7 234.5 216.4 216.6 223.9 213.3 8

 9 Depository institution loans n.e.c. 531.9 406.5 390.4 405.7 416.7 424.7 426.6 427.2 419.3 415.7 417.7 9

10 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Mortgages 44.2 37.8 35.4 33.8 33.0 33.7 32.8 31.2 31.2 31.2 30.9 11

12 Corporate equities 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Security credit 62.3 61.6 90.1 86.9 90.1 137.2 131.7 154.7 178.3 191.3 189.8 13

14 Miscellaneous assets 259.7 143.9 148.7 182.6 252.0 374.8 371.4 300.2 350.3 338.0 343.2 14

15 Total liabilities 1639.6 1283.7 1354.1 1688.9 1813.6 2100.8 2020.9 1932.5 1999.9 2002.6 1966.8 15

16 Net interbank liabilities -163.7 -322.5 -274.4 -16.7 42.4 203.8 222.2 205.9 266.0 264.1 219.7 16

17 To foreign banks -179.9 -356.2 -315.4 -57.4 10.4 166.3 194.2 179.4 238.8 186.7 136.7 17

18 To domestic banks 16.2 33.7 41.0 40.6 32.1 37.4 27.9 26.5 27.2 77.4 83.0 18

19 Checkable deposits 13.5 16.1 21.9 20.7 23.2 38.2 45.6 44.3 48.9 53.9 61.8 19

20 Small time and savings deposits 25.6 29.9 35.7 42.6 47.4 50.9 48.9 57.9 62.1 62.4 62.8 20

21 Large time deposits 784.7 958.6 909.0 937.1 945.4 804.6 736.6 706.8 678.2 679.8 712.3 21

22 Federal funds and security RPs (net) 130.0 170.3 223.2 224.4 212.7 265.6 273.4 287.8 295.3 288.2 293.8 22

23 Open market paper (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Miscellaneous liabilities 849.4 431.3 438.7 480.7 542.4 737.6 694.2 629.8 649.4 654.3 616.5 24

25 Foreign direct investment in U.S. 71.7 107.7 114.8 118.7 122.4 131.3 153.1 146.6 149.9 152.5 154.8 25

26 Investment by funding corporations 276.6 203.1 171.6 188.9 173.4 140.1 137.8 154.3 128.5 117.9 126.0 26

27 Other 501.1 120.5 152.4 173.1 246.5 466.2 403.3 328.9 371.0 383.9 335.7 27

(1) Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:Q2), and American Express Bank (through 2008:Q4).

(2) Bankers’ acceptances.
80 Z.1, March 7, 2013

L.112 Banks in U.S.-Affiliated Areas (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 102.0 94.7 79.9 78.5 77.1 80.4 75.8 75.7 78.5 75.2 74.9 1

 2 Credit market instruments 90.9 88.1 68.9 67.6 65.2 63.7 64.0 63.9 62.7 62.0 64.1 2

 3 Treasury securities 1.2 0.5 1.1 1.1 1.6 0.9 1.0 0.9 1.3 1.0 0.6 3

 4 Agency- and GSE-backed securities 24.4 20.5 12.8 6.9 6.0 5.4 4.8 5.1 4.8 4.0 2.6 4

 5 Municipal securities 2.5 3.5 2.5 2.8 2.5 2.8 3.4 3.4 2.8 2.8 2.6 5

 6 Corporate and foreign bonds 0.5 2.0 0.6 5.9 5.2 4.5 4.2 4.3 4.1 4.6 5.2 6

 7 Depository institution loans n.e.c. 19.7 19.4 16.1 16.0 16.0 16.6 17.1 17.2 17.3 17.6 18.1 7

 8 Home mortgages 22.9 22.6 20.1 18.8 18.2 17.9 17.8 17.5 17.3 17.0 20.0 8

 9 Commercial mortgages 19.7 19.6 15.7 16.1 15.7 15.4 15.6 15.4 15.1 14.9 14.9 9

10 Miscellaneous assets 11.1 6.5 11.0 10.9 11.9 16.7 11.8 11.8 15.8 13.2 10.8 10

11 Total liabilities 91.0 90.0 75.2 74.7 73.6 76.5 72.1 71.7 74.7 71.9 71.2 11

12 Net interbank liabilities -3.2 -4.2 -3.3 -4.1 -4.4 -4.9 -4.6 -4.4 -4.6 -5.3 -5.0 12

13 Checkable deposits 14.6 16.1 16.6 17.1 18.1 18.0 19.4 19.5 22.3 20.9 21.5 13

14 Small time and savings deposits 27.4 24.5 19.3 19.4 19.2 19.2 18.9 18.7 19.6 18.5 18.6 14

15 Large time deposits 27.4 24.5 19.3 19.4 19.2 19.2 18.9 18.7 19.6 18.5 18.6 15

16 Miscellaneous liabilities 24.9 29.2 23.3 22.9 21.6 25.0 19.4 19.1 17.9 19.2 17.4 16

(1) Commercial banks and branches of U.S.-chartered depository institutions located in Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam, and other U.S.-affiliated insular areas.

L.113 Credit Unions

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total financial assets 748.8 805.7 835.8 864.6 846.9 848.5 853.7 879.0 893.3 902.1 904.8 1

 2 Reserves at Federal Reserve 4.7 22.8 36.9 54.7 50.2 41.8 46.1 57.4 47.6 39.6 36.4 2

 3 Credit market instruments 697.8 731.0 755.6 765.4 774.3 781.6 790.8 807.7 823.0 831.7 838.9 3

 4 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Treasury securities 8.8 14.2 20.0 21.8 21.9 22.5 17.5 20.4 20.1 20.9 23.3 5

 6 Agency- and GSE-backed securities 82.9 110.8 151.6 166.6 170.9 173.4 182.2 195.8 200.4 198.5 198.1 6

 7 Corporate and foreign bonds 25.7 18.6 3.7 3.7 3.8 3.6 4.1 4.7 4.8 4.4 4.4 7

 8 Depository institution loans n.e.c. 32.1 33.4 36.9 38.3 39.2 39.2 43.5 42.2 42.6 44.7 43.3 8

 9 Home mortgages 312.2 316.9 317.0 316.8 317.8 318.9 320.5 321.6 324.0 326.4 326.2 9

10 Consumer credit 236.2 237.1 226.5 218.1 220.9 223.9 223.0 223.0 231.2 236.7 243.6 10

11 Mutual fund shares 2.0 1.3 1.5 1.7 1.8 1.8 1.8 2.0 2.0 2.1 2.1 11

12 Miscellaneous assets 44.3 50.6 41.9 42.8 20.5 23.4 15.0 11.8 20.8 28.6 27.4 12

13 Total liabilities 679.0 738.3 764.7 792.1 771.5 771.7 776.0 799.5 811.4 817.8 818.6 13

14 Net interbank liabilities -65.9 -76.9 -76.2 -72.5 -74.5 -89.4 -90.1 -100.3 -99.8 -100.7 -108.5 14

15 Shares/deposits 697.4 769.4 803.8 829.3 829.8 836.8 845.3 884.6 887.4 888.3 899.5 15

16 Checkable 75.3 86.9 92.4 98.7 97.1 102.1 103.1 114.1 112.7 111.9 116.9 16

17 Small time and savings 551.7 655.1 681.3 699.4 701.4 702.3 708.7 735.2 738.8 738.9 742.8 17

18 Large time 70.4 27.3 30.1 31.2 31.3 32.4 33.5 35.3 35.9 37.5 39.7 18

19 Federal funds and security RPs (net) 2.3 -0.1 -0.0 0.0 -18.8 -10.9 -15.9 -20.9 -12.9 -8.6 -9.7 19

20 Other loans and advances 40.6 26.5 26.1 23.7 22.8 23.7 24.2 22.9 23.7 24.4 24.4 20

21 Miscellaneous liabilities 4.7 19.4 11.0 11.6 12.2 11.5 12.4 13.2 13.1 14.4 12.8 21
Z.1, March 7, 2013 81

L.114 Property-Casualty Insurance Companies

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1305.5 1377.1 1373.7 1383.3 1379.3 1354.8 1391.6 1410.5 1409.2 1438.4 1442.9 1

 2 Checkable deposits and currency 27.9 27.6 32.6 33.8 35.6 25.7 24.1 29.1 29.3 32.9 31.4 2

 3 Money market fund shares 32.8 29.6 25.6 27.7 26.1 23.6 24.6 21.1 21.2 24.5 25.9 3

 4 Security RPs 4.4 4.5 3.8 3.5 2.3 2.0 1.8 1.8 1.7 1.7 1.7 4

 5 Credit market instruments 853.4 886.7 890.6 895.2 890.3 890.6 918.1 910.4 910.3 915.3 921.3 5

 6 Open market paper 19.1 9.8 7.9 8.5 8.0 5.3 5.5 4.7 4.7 5.5 6.1 6

 7 Treasury securities 65.6 88.5 91.7 93.3 91.9 90.7 93.6 91.0 89.3 92.4 93.8 7

 8 Agency- and GSE-backed securities 114.3 116.2 115.8 116.8 116.9 118.1 122.2 121.5 121.7 121.9 124.0 8

 9 Municipal securities 381.9 369.4 348.4 342.3 333.7 328.3 331.0 329.1 329.6 330.1 329.0 9

10 Corporate and foreign bonds 267.5 298.3 322.6 330.2 335.4 343.7 361.0 358.9 359.5 360.0 362.8 10

11 Commercial mortgages 5.0 4.4 4.1 4.1 4.3 4.6 4.9 5.2 5.4 5.5 5.5 11

12 Corporate equities 193.3 219.8 219.2 222.7 220.2 203.4 224.4 248.9 244.4 257.9 256.4 12

13 Mutual fund shares 4.4 5.3 5.7 5.8 5.8 5.2 5.5 5.7 5.5 5.7 5.7 13

14 Trade receivables 86.7 83.0 83.8 84.4 88.2 88.7 87.2 91.1 92.0 94.5 92.4 14

15 Miscellaneous assets 102.6 120.6 112.3 110.1 110.7 115.7 105.9 102.3 104.8 105.9 108.2 15

16 Total liabilities 792.3 804.3 823.1 825.3 831.8 831.8 855.2 881.9 882.0 882.7 896.4 16

17 Security RPs 2.4 0.6 1.5 0.6 0.6 0.5 0.4 0.5 0.5 0.6 0.8 17

18 Taxes payable (net) -21.1 -15.8 -10.1 -7.9 -13.1 -19.4 -14.5 -8.0 -13.2 -8.7 -9.1 18

19 Miscellaneous liabilities 811.0 819.5 831.8 832.6 844.3 850.7 869.4 889.5 894.8 890.8 904.7 19

L.115 Life Insurance Companies

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total financial assets 4515.5 4823.9 5176.3 5276.4 5320.1 5232.5 5340.0 5502.2 5437.9 5561.6 5599.0 1

 2 Checkable deposits and currency 82.8 50.7 51.7 47.0 48.2 57.8 53.7 52.9 56.1 53.5 51.0 2

 3 Money market fund shares 39.2 33.7 21.0 19.7 17.9 17.0 28.8 26.4 31.0 31.4 31.8 3

 4 Security RPs 8.0 10.2 10.9 9.7 8.8 10.8 10.1 9.2 9.3 8.2 7.9 4

 5 Credit market instruments 2882.8 3022.6 3174.2 3211.1 3237.3 3284.3 3297.9 3322.4 3288.0 3319.1 3347.6 5

 6 Open market paper 38.3 49.8 40.9 40.1 38.7 43.3 29.7 29.0 31.8 32.2 28.6 6

 7 Treasury securities 105.7 133.5 156.6 158.2 158.7 162.6 167.1 169.5 169.7 171.3 176.3 7

 8 Agency- and GSE-backed securities 366.2 371.9 376.0 376.8 375.9 376.1 374.7 364.8 353.0 356.4 347.9 8

 9 Municipal securities 47.1 73.1 112.3 115.0 117.1 119.6 121.6 122.6 120.7 121.9 121.0 9

10 Corporate and foreign bonds 1817.0 1927.2 2030.2 2063.1 2081.8 2107.4 2123.6 2153.3 2124.6 2144.8 2177.6 10

11 Other loans and advances 166.1 140.9 140.7 139.7 142.4 146.5 148.6 146.6 147.7 148.9 149.5 11

12 Mortgages 342.4 326.1 317.5 318.2 322.8 328.6 332.5 336.7 340.5 343.5 346.5 12

13 Corporate equities 1001.7 1208.5 1402.6 1490.0 1496.1 1322.2 1390.2 1501.0 1446.7 1528.4 1533.8 13

14 Mutual fund shares 121.0 140.8 155.7 158.7 158.5 142.9 150.1 159.1 153.2 159.3 159.3 14

15 Miscellaneous assets 380.1 357.6 360.3 340.1 353.3 397.6 409.3 431.2 453.6 461.7 467.6 15

16 Total liabilities 4266.5 4532.5 4850.8 4957.6 4985.0 4897.3 5001.3 5156.5 5085.2 5198.9 5231.9 16

17 Security RPs 12.9 12.4 10.3 9.5 10.0 9.7 10.4 10.8 11.7 12.7 13.5 17

18 Other loans and advances 54.9 48.3 45.1 45.5 46.2 46.4 46.8 48.5 52.4 52.4 52.4 18

19 Life insurance reserves 1133.4 1194.5 1229.9 1254.3 1268.6 1271.1 1302.3 1331.6 1320.6 1344.4 1353.5 19

20 Pension fund reserves (1) 2184.6 2323.0 2504.7 2589.1 2611.0 2519.6 2556.6 2633.6 2579.1 2630.9 2646.1 20

21 Taxes payable (net) -24.4 -31.4 -28.8 -27.9 -29.1 -30.3 -23.6 -27.3 -23.9 -23.6 -20.4 21

22 Miscellaneous liabilities 905.0 985.6 1089.7 1087.0 1078.3 1080.9 1108.8 1159.3 1145.2 1182.1 1186.8 22

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 22).
82 Z.1, March 7, 2013

L.116 Private Pension Funds (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 4552.7 5473.2 6103.6 6334.0 6333.0 5703.3 6087.4 6568.4 6379.5 6602.2 6584.2 1

 2 Checkable deposits and currency 12.3 16.4 20.9 19.9 20.8 21.2 22.0 21.2 21.7 21.9 24.1 2

 3 Time and savings deposits 67.9 72.7 72.8 72.8 73.3 73.0 73.3 73.3 72.8 73.6 74.9 3

 4 Money market fund shares 95.7 96.4 96.3 96.2 96.2 96.1 96.1 96.1 96.1 96.1 96.1 4

 5 Security RPs 33.1 36.2 36.1 36.4 31.9 32.3 31.9 35.1 33.4 33.2 29.6 5

 6 Credit market instruments 951.4 1065.3 1125.9 1133.8 1141.5 1166.4 1177.2 1179.4 1172.2 1170.2 1170.8 6

 7 Open market paper 37.2 26.7 18.2 19.3 18.7 18.1 16.7 17.5 17.7 15.9 15.7 7

 8 Treasury securities 184.9 313.0 394.5 401.8 408.9 429.6 441.9 455.5 460.4 468.7 475.8 8

 9 Agency- and GSE-backed securities 318.1 269.1 257.6 258.8 259.9 263.1 262.6 252.4 241.7 232.7 223.3 9

10 Corporate and foreign bonds 400.1 442.9 440.1 438.8 439.2 441.4 440.9 439.2 437.7 438.3 441.5 10

11 Mortgages 11.1 13.6 15.5 15.0 14.8 14.2 15.0 14.8 14.7 14.6 14.6 11

12 Corporate equities 1599.7 1835.7 2081.1 2185.3 2164.7 1815.5 2005.1 2245.6 2149.1 2258.3 2217.7 12

13 Mutual fund shares 1366.0 1817.3 2121.1 2230.7 2250.6 1995.1 2144.6 2344.7 2273.2 2367.5 2386.6 13

14 Miscellaneous assets 426.5 533.3 549.4 559.0 554.0 503.8 537.3 572.9 561.0 581.4 584.4 14

15 Unallocated insurance contracts (2) 317.6 412.8 457.5 471.6 471.0 420.9 451.3 487.3 472.1 491.0 491.1 15

16 Contributions receivable 47.9 50.5 49.2 49.0 49.0 49.1 49.4 49.7 50.0 50.3 50.6 16

17 Other 61.0 70.0 42.8 38.4 34.1 33.8 36.6 35.9 38.9 40.1 42.7 17

18 Pension fund reserves (liabilities) (3) 4588.0 5509.7 6140.1 6370.6 6369.5 5739.8 6123.9 6604.9 6416.0 6638.7 6620.7 18

 Memo:

 Total financial assets (4)

19 Defined benefit plans 1853.5 2104.7 2264.3 2322.7 2309.7 2102.9 2206.4 2341.3 2281.4 2344.1 2332.2 19

20 Defined contibution plans 2699.2 3368.6 3839.3 4011.4 4023.3 3600.4 3880.9 4227.1 4098.1 4258.1 4252.0 20

(1) Private defined benefit plans and defined contribution plans (including 401(k) type plans).

(2) Assets of private pension plans held at life insurance companies (e.g., GICs, variable annuities); series begins 1985:Q4.

(3) Equal to the value of nonfinancial and financial assets. These liabilities are assets of the household sector.

(4) Additional detail on defined benefit plans and defined contribution plans is available on L.116.b and L.116.c.
Z.1, March 7, 2013 83

L.117 State and Local Government Employee Retirement Funds

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 2428.6 2722.2 2949.3 3038.1 2978.9 2643.6 2824.2 3062.1 2972.7 3069.2 3046.6 1

 2 Checkable deposits and currency 3.5 3.5 4.1 4.4 4.7 4.6 4.4 4.3 4.2 4.1 4.1 2

 3 Time and savings deposits 26.9 28.5 34.9 37.6 40.3 39.0 37.7 36.9 35.9 35.3 34.7 3

 4 Money market fund shares 43.7 40.9 44.0 46.1 48.2 46.7 45.0 44.1 43.0 42.2 41.5 4

 5 Security RPs 3.0 3.0 3.4 3.6 3.8 3.7 3.6 3.5 3.4 3.3 3.3 5

 6 Credit market instruments 823.0 737.2 759.3 772.9 774.3 756.8 757.2 767.9 763.9 757.8 762.3 6

 7 Open market paper 31.0 32.1 38.4 41.1 43.9 42.5 41.0 40.2 39.1 38.4 37.8 7

 8 Treasury securities 129.9 151.9 160.0 165.3 166.5 165.6 173.8 190.1 196.6 204.9 215.3 8

 9 Agency- and GSE-backed securities 160.6 157.6 159.4 158.6 155.4 159.5 166.9 179.1 186.8 192.8 200.8 9

10 Municipal securities 1.3 1.4 2.2 2.3 2.4 3.1 3.6 4.3 5.2 5.7 6.4 10

11 Corporate and foreign bonds 485.1 382.8 388.5 394.4 394.8 374.6 360.4 343.1 325.1 304.9 291.2 11

12 Mortgages 15.1 11.4 10.9 11.2 11.4 11.4 11.4 11.2 11.1 10.9 10.7 12

13 Corporate equities 1267.2 1617.8 1778.2 1839.4 1780.1 1499.1 1662.2 1867.6 1793.1 1885.0 1861.6 13

14 Mutual fund shares 166.7 205.2 223.2 228.1 217.5 183.2 203.1 228.2 219.1 230.3 227.5 14

15 Miscellaneous assets 94.6 86.1 102.2 106.0 109.9 110.6 111.1 109.6 110.1 111.1 111.7 15

16 Pension fund reserves (liabilities) (1) 2518.8 2808.3 3041.8 3135.2 3082.0 2753.9 2943.0 3190.6 3112.1 3220.7 3211.6 16

(1) Equal to the value of nonfinancial and financial assets. These liabilities are assets of the household sector.

L.118 Federal Government Retirement Funds (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total financial assets 1222.3 1324.7 1425.4 1423.0 1341.0 1428.1 1509.6 1513.3 1517.0 1546.1 1582.3 1

 2 Credit market instruments 123.3 130.7 141.5 145.3 149.5 157.8 161.6 163.0 167.2 169.5 175.5 2

 3 Treasury securities 112.4 119.8 129.8 133.5 136.9 144.5 147.7 148.3 151.6 154.1 160.0 3

 4 Agency- and GSE-backed securities 5.2 5.2 5.8 5.7 6.0 6.2 6.5 7.0 7.6 7.1 7.2 4

 5 Corporate and foreign bonds 5.8 5.7 5.9 6.1 6.7 7.1 7.3 7.6 7.9 8.3 8.3 5

 6 Corporate equities 83.7 116.8 140.9 148.9 149.4 121.0 134.4 153.1 146.3 153.3 152.7 6

 7 Miscellaneous assets (2) 1015.3 1077.2 1142.9 1128.8 1042.1 1149.3 1213.7 1197.2 1203.5 1223.3 1254.1 7

 8 Pension fund reserves (liabilities) (3) 1222.3 1324.7 1425.4 1423.0 1341.0 1428.1 1509.6 1513.3 1517.0 1546.1 1582.3 8

(1) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds.

(2) Includes nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military

 retirement fund, and foreign service retirement and disability fund.

(3) Liabilities of the sector are assets of the household sector.
84 Z.1, March 7, 2013

L.119 Money Market Mutual Funds (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 3757.3 3258.6 2755.4 2679.4 2637.8 2577.9 2642.5 2535.5 2467.9 2506.9 2649.6 1

 2 Foreign deposits 85.6 97.1 105.9 109.4 113.9 70.0 42.9 40.1 33.0 40.2 43.3 2

 3 Checkable deposits and currency 7.5 17.9 14.2 13.3 20.1 18.8 20.1 3.2 6.0 11.3 16.5 3

 4 Time and savings deposits 396.8 566.6 458.9 457.2 450.5 416.2 402.7 375.5 365.8 396.9 435.4 4

 5 Security RPs 542.4 480.0 479.4 437.5 454.6 491.5 490.5 498.2 514.9 513.2 544.7 5

 6 Credit market instruments 2689.9 2070.0 1673.4 1640.3 1576.4 1559.8 1663.6 1600.7 1528.4 1520.2 1580.9 6

 7 Open market paper 618.5 510.5 394.2 395.5 359.4 347.1 354.2 355.5 326.5 319.4 340.8 7

 8 Treasury securities 577.7 406.4 335.4 337.6 341.4 373.5 443.3 473.8 444.6 456.3 457.8 8

 9 Agency- and GSE-backed securities 756.2 543.0 402.8 373.4 359.8 383.2 403.7 327.3 334.6 331.4 343.5 9

10 Municipal securities 509.5 440.1 386.7 378.9 361.4 348.9 357.3 341.2 325.4 320.1 336.7 10

11 Corporate and foreign bonds 228.0 169.9 154.2 154.9 154.4 107.1 105.1 102.9 97.3 93.0 102.1 11

12 Miscellaneous assets 35.2 26.9 23.5 21.6 22.3 21.6 22.7 17.8 19.9 25.1 28.8 12

13 Total shares outstanding (liabilities) 3757.3 3258.6 2755.4 2679.4 2637.8 2577.9 2642.5 2535.5 2467.9 2506.9 2649.6 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.115).

L.120 Mutual Funds (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total financial assets 5388.0 6920.7 7873.0 8402.1 8503.7 7449.5 7870.9 8797.4 8653.4 9131.0 9283.6 1

 2 Security RPs 124.7 153.3 137.5 218.5 221.8 126.7 108.7 206.2 217.7 230.7 205.7 2

 3 Credit market instruments 2229.2 2616.3 2969.9 3091.1 3201.0 3234.5 3329.3 3581.7 3741.5 3907.7 4040.3 3

 4 Open market paper 51.6 80.2 66.3 144.0 147.2 55.7 40.0 132.1 143.0 155.9 131.7 4

 5 Treasury securities 177.4 247.4 290.7 291.1 301.4 333.3 361.4 381.5 396.5 406.6 417.4 5

 6 Agency- and GSE-backed securities 559.8 613.8 769.9 771.3 803.5 853.8 879.9 922.1 969.1 1000.7 1034.7 6

 7 Municipal securities 389.4 478.8 525.5 513.7 518.8 525.4 541.2 561.9 583.7 610.5 628.0 7

 8 Corporate and foreign bonds 956.2 1120.7 1243.0 1284.3 1330.4 1371.0 1413.4 1489.9 1550.0 1633.4 1726.5 8

 9 Other loans and advances 94.8 75.4 74.6 86.7 99.7 95.3 93.5 94.2 99.2 100.6 102.1 9

10 Corporate equities 3014.1 4136.2 4762.7 5087.0 5067.4 4073.8 4427.2 5044.0 4744.2 5037.8 5082.9 10

11 Miscellaneous assets 20.0 14.9 2.9 5.5 13.4 14.4 5.7 -34.5 -50.0 -45.3 -45.3 11

12 Total shares outstanding (liabilities) 5388.0 6920.7 7873.0 8402.1 8503.7 7449.5 7870.9 8797.4 8653.4 9131.0 9283.6 12

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.115).

L.121 Closed-End and Exchange-Traded Funds

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 Closed-end funds

 1 Total financial assets 202.9 229.2 243.7 249.1 250.5 239.4 241.6 245.9 246.1 253.9 257.8 1

 2 Credit market instruments 130.5 141.1 146.3 148.0 148.9 143.7 145.1 147.9 149.3 152.9 156.3 2

 3 Treasury securities 3.2 4.4 5.1 5.3 5.2 4.9 4.8 5.1 5.0 5.2 5.1 3

 4 Municipal securities 77.9 81.2 81.6 80.8 82.0 80.1 82.5 83.1 83.6 84.5 85.8 4

 5 Corporate and foreign bonds 49.4 55.5 59.6 62.0 61.6 58.7 57.7 59.7 60.6 63.2 65.5 5

 6 Corporate equities 72.5 88.1 97.4 101.1 101.6 95.7 96.5 98.0 96.8 101.0 101.5 6

 7 Total shares outstanding (liabilities) 202.9 229.2 243.7 249.1 250.5 239.4 241.6 245.9 246.1 253.9 257.8 7

 Exchange-traded funds

 8 Total financial assets 531.1 773.1 986.8 1049.2 1070.6 947.1 1042.6 1185.4 1157.9 1268.2 1324.4 8

 9 Credit market instruments 57.1 103.0 132.7 140.1 151.1 164.1 178.8 195.1 213.5 221.1 231.1 9

10 Treasury securities 27.1 41.8 51.0 52.8 56.7 61.1 62.4 62.0 67.3 62.7 63.6 10

11 Municipal securities 2.3 5.9 7.6 7.5 7.7 7.8 8.6 9.7 10.5 11.3 12.3 11

12 Corporate and foreign bonds 27.7 55.4 74.1 79.9 86.6 95.1 107.7 123.4 135.7 147.1 155.3 12

13 Corporate equities 474.0 670.0 854.1 909.1 919.5 783.0 863.8 990.4 944.5 1047.1 1093.3 13

14 Total shares outstanding (liabilities) 531.1 773.1 986.8 1049.2 1070.6 947.1 1042.6 1185.4 1157.9 1268.2 1324.4 14
Z.1, March 7, 2013 85

L.122 Government-Sponsored Enterprises (GSEs) (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 3407.9 3047.3 6721.1 6687.1 6562.0 6520.1 6479.8 6406.5 6351.4 6304.5 6269.1 1

 2 Checkable deposits and currency 88.3 99.4 63.4 70.4 62.3 63.7 72.7 42.5 52.9 36.1 37.7 2

 3 Time and savings deposits 68.5 25.7 26.1 23.7 23.1 11.7 13.4 11.1 9.8 3.7 3.7 3

 4 Federal funds and security RPs (net) 114.5 122.1 150.0 156.3 115.1 114.3 111.9 107.2 138.7 174.9 166.7 4

 5 Credit market instruments 3037.5 2699.7 6333.1 6327.9 6252.4 6176.5 6133.4 6095.8 6014.0 5950.1 5915.4 5

 6 Open market paper 6.8 9.7 9.9 9.5 9.3 9.2 6.5 5.2 5.7 4.2 4.2 6

 7 Treasury securities 16.8 21.9 55.2 58.5 63.3 68.5 75.4 78.8 57.9 50.7 51.9 7

 8 Agency- and GSE-backed securities 910.0 924.5 377.0 373.9 368.2 368.1 358.9 347.7 342.4 323.9 315.3 8

 9 Municipal securities 31.3 29.1 24.9 23.8 22.9 22.0 21.0 20.2 19.4 18.1 17.4 9

10 Corporate and foreign bonds 386.6 310.8 293.9 284.7 270.0 264.3 260.5 253.9 227.1 221.2 214.2 10

11 Other loans and advances 980.7 695.9 551.3 522.8 500.2 479.8 487.0 467.3 491.3 487.6 490.4 11

12 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Farm Credit System 80.3 80.0 87.3 89.6 85.1 81.0 83.8 86.6 87.0 89.3 92.1 13

14 FHLB 900.5 615.9 464.0 433.2 415.1 398.9 403.3 380.7 404.3 398.3 398.3 14

15 Mortgages 705.3 707.7 5021.0 5054.6 5018.4 4964.6 4924.0 4922.8 4870.2 4844.5 4822.1 15

16 Home 456.6 445.3 4699.3 4732.3 4696.7 4640.2 4595.8 4591.6 4539.0 4508.3 4486.6 16

17 Consolidated trusts (2) 0.0 0.0 4141.0 4170.5 4146.4 4085.3 4032.1 4033.8 3998.2 3978.0 3971.0 17

18 Other 456.6 445.3 558.3 561.8 550.3 554.9 563.7 557.9 540.8 530.3 515.5 18

19 Multifamily residential 190.2 204.4 256.5 256.1 254.6 256.4 259.2 261.3 260.4 264.6 263.0 19

20 Consolidated trusts (2) 0.0 0.0 75.4 81.4 87.3 92.6 99.9 106.2 111.3 118.6 120.3 20

21 Other 190.2 204.4 181.1 174.7 167.3 163.7 159.4 155.1 149.1 146.0 142.7 21

22 Farm 58.5 58.0 65.2 66.2 67.2 68.0 69.0 69.8 70.8 71.6 72.5 22

23 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Miscellaneous assets 99.1 100.3 148.6 108.8 109.2 154.0 148.5 150.1 135.9 139.6 145.6 24

25 Total liabilities 3390.2 2977.0 6589.1 6577.8 6455.0 6413.5 6377.9 6310.6 6268.7 6236.4 6205.7 25

26 Credit market instruments 3181.9 2706.6 6434.5 6437.3 6317.3 6282.7 6247.3 6178.6 6139.8 6111.5 6079.5 26

27 GSE issues (4) 3181.9 2706.6 6434.5 6437.3 6317.3 6282.7 6247.3 6178.6 6139.8 6111.5 6079.5 27

28 Consolidated trusts (2) 0.0 0.0 4216.4 4251.8 4233.7 4177.9 4132.0 4140.0 4109.6 4096.6 4091.4 28

29 Other 3181.9 2706.6 2218.1 2185.5 2083.6 2104.8 2115.4 2038.6 2030.3 2014.9 1988.1 29

30 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Miscellaneous liabilities 208.2 270.4 154.6 140.5 137.7 130.7 130.6 132.0 128.8 124.8 126.2 31

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing Association

 (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (table L.123) are consolidated on Fannie Mae’s and

 Freddie Mac’s balance sheets.

(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.

(3) Sallie Mae student loans.

(4) Such issues are classified as agency- and GSE-backed securities.

L.123 Agency- and GSE-Backed Mortgage Pools (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total financial assets 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 1439.9 1

 2 Home mortgages 4864.0 5266.5 1068.8 1112.5 1155.7 1194.5 1216.8 1237.2 1276.2 1301.7 1324.6 2

 3 Multifamily residential mortgages 92.8 105.7 66.9 71.3 77.1 81.1 86.4 91.1 99.1 104.3 113.4 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages 4.7 4.5 3.8 3.2 3.2 1.7 1.7 1.6 2.0 2.0 1.9 5

 6 Total pool securities (liabilities)(2) 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 1439.9 6

(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated on Fannie

 Mae’s and Freddie Mac’s balance sheets (table L.122). Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for agency- and GSE-backed CMOs and privately

 issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans and advances.

(2) Such issues are classified as agency- and GSE-backed securities.
86 Z.1, March 7, 2013

L.124 Issuers of Asset-Backed Securities (ABS)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 4121.0 3306.0 2243.2 2162.3 2110.1 2040.2 1991.4 1929.8 1870.6 1801.3 1753.3 1

 2 Treasury securities 72.2 53.9 40.1 35.9 36.3 31.4 29.2 25.9 24.8 23.2 19.9 2

 3 Agency- and GSE-backed securities (1) 329.5 103.8 7.6 11.6 9.7 4.5 3.0 2.5 2.0 1.5 1.0 3

 4 Other loans and advances 379.8 252.2 167.8 144.3 161.7 156.3 162.4 166.9 161.9 157.1 148.7 4

 5 Mortgages (2) 2611.2 2241.7 1913.2 1859.7 1798.2 1747.1 1694.5 1635.4 1583.8 1520.3 1484.4 5

 6 Home 1893.2 1571.0 1296.2 1241.5 1192.5 1148.0 1103.3 1057.9 1010.5 964.2 923.8 6

 7 Multifamily residential 113.2 107.4 98.7 98.0 95.4 93.5 91.1 88.3 85.8 82.8 81.6 7

 8 Commercial 604.7 563.3 518.3 520.2 510.2 505.6 500.2 489.2 487.5 473.3 479.0 8

 9 Consumer credit 632.9 593.2 62.8 57.2 53.0 53.5 54.8 53.8 55.6 57.8 58.2 9

10 Trade credit 95.5 61.3 51.8 53.6 51.1 47.5 47.6 45.3 42.4 41.4 41.2 10

11 Total liabilities 4123.7 3308.4 2243.2 2162.3 2110.1 2040.2 1991.4 1929.8 1870.6 1801.3 1753.3 11

12 Commercial paper 559.3 293.1 120.2 128.3 116.2 108.5 96.0 97.7 85.2 86.8 87.0 12

13 Corporate bonds (net) (3) 3564.5 3015.3 2123.0 2034.0 1993.9 1931.7 1895.4 1832.1 1785.4 1714.5 1666.3 13

 Memo:

 Securitized assets not included above

14 Consumer leases (4) 2.7 2.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 REIT assets (5) 45.4 20.1 20.5 21.2 20.9 19.5 17.4 17.7 12.7 14.9 12.2 15

 Securitized liabilities not included above

16 Commercial paper (6) 0.0 0.0 112.9 109.2 109.0 109.9 120.6 104.3 102.1 90.7 87.5 16

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

(3) Liabilities net of assets.

(4) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).

 The leased automobile is a nonfinancial asset.

(5) Included in table L.126.

(6) Included in table L.110 line 43.

L.125 Finance Companies (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total financial assets 1851.7 1662.5 1629.5 1612.6 1591.7 1616.5 1609.8 1593.7 1555.1 1554.4 1533.4 1

 2 Checkable deposits and currency 16.5 17.0 26.6 29.1 31.5 33.4 31.5 31.1 28.6 30.6 28.2 2

 3 Time and savings deposits 49.4 51.0 79.8 87.2 94.5 100.2 94.4 93.3 85.9 91.9 84.6 3

 4 Credit market instruments 1734.4 1516.7 1440.1 1418.6 1391.7 1385.4 1392.8 1380.2 1364.1 1362.5 1359.9 4

 5 Corporate and foreign bonds 192.4 198.6 83.9 84.2 85.9 88.4 84.8 84.7 86.7 85.1 78.5 5

 6 Other loans and advances 539.9 448.9 407.7 406.3 394.7 395.4 410.0 410.2 410.4 412.6 421.8 6

 7 Mortgages 447.9 397.4 243.6 236.9 228.0 218.0 211.5 206.7 192.7 188.5 180.8 7

 8 Consumer credit 554.3 471.9 705.0 691.1 683.0 683.5 686.5 678.6 674.4 676.3 678.8 8

 9 Miscellaneous assets 51.5 77.8 83.0 77.8 74.0 97.5 91.1 89.1 76.4 69.3 60.8 9

10 Total liabilities 1880.5 1630.3 1589.9 1568.7 1544.1 1572.2 1562.8 1545.3 1505.3 1503.8 1474.6 10

11 Credit market instruments 1200.3 1044.1 1281.0 1268.2 1253.1 1264.6 1262.9 1251.8 1235.9 1246.2 1208.9 11

12 Open market paper 100.9 62.1 111.0 114.4 108.7 111.8 121.0 122.8 122.5 123.1 129.3 12

13 Corporate bonds 924.5 837.5 1078.4 1060.0 1054.9 1054.5 1039.8 1031.4 1009.9 1007.3 961.1 13

14 Depository institution loans n.e.c. 174.9 144.5 91.5 93.8 89.4 98.3 102.1 97.5 103.5 115.8 118.5 14

15 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Taxes payable 15.4 12.7 7.2 7.0 6.8 7.7 7.8 8.1 7.7 7.5 7.7 16

17 Miscellaneous liabilities 664.8 573.6 301.7 293.4 284.2 299.9 292.1 285.4 261.7 250.0 258.0 17

18 Foreign direct investment in U.S. 78.1 90.0 103.1 105.4 108.2 108.2 116.4 117.5 117.6 117.2 115.2 18

19 Investment by parent 313.0 280.5 177.7 174.7 173.0 170.0 165.6 158.9 152.7 152.1 164.7 19

20 Other 273.7 203.1 20.9 13.4 3.0 21.7 10.2 9.0 -8.6 -19.3 -21.9 20

 Memo:

21 Consumer leases not included above (2) 111.1 85.4 111.8 112.8 113.5 115.1 119.7 124.2 129.9 137.2 144.0 21

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (4), table L.124.
Z.1, March 7, 2013 87

L.126 Real Estate Investment Trusts (REITs)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 250.6 241.2 283.0 346.6 374.8 399.4 401.3 468.0 493.5 566.6 549.2 1

 2 Checkable deposits and currency 18.4 26.3 23.5 29.0 23.7 26.9 25.6 29.8 29.0 32.7 30.7 2

 3 Credit market instruments 177.6 168.9 206.0 258.0 288.4 308.5 308.9 362.9 385.5 451.4 429.7 3

 4 Agency- and GSE-backed securities 89.6 105.1 143.3 190.7 216.9 239.1 244.7 296.4 314.2 375.4 352.0 4

 5 Corporate and foreign bonds 11.7 15.5 20.8 24.6 26.2 27.1 22.1 25.6 27.6 30.6 32.2 5

 6 Mortgages 76.3 48.3 41.9 42.7 45.3 42.3 42.1 40.9 43.6 45.4 45.5 6

 7 Home 34.3 12.6 8.9 9.0 9.0 8.1 8.1 8.6 11.7 12.3 12.2 7

 8 Multifamily residential 4.3 2.3 1.9 1.8 1.8 1.8 1.7 1.7 1.7 1.7 1.7 8

 9 Commercial 37.7 33.4 31.2 31.9 34.5 32.4 32.3 30.6 30.2 31.4 31.6 9

10 Miscellaneous assets 54.6 46.1 53.5 59.6 62.8 64.1 66.8 75.4 79.0 82.4 88.8 10

11 Total liabilities 511.6 458.8 501.7 557.4 589.8 620.2 633.2 698.7 725.4 793.8 777.9 11

12 Security RPs 79.4 90.4 120.5 160.9 187.1 210.9 215.4 258.7 280.9 319.9 312.0 12

13 Credit market instruments 367.4 317.4 315.2 326.4 330.6 334.1 343.4 350.1 364.4 371.2 366.8 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Corporate bonds 171.0 129.8 129.7 141.3 141.5 139.2 145.1 152.6 158.9 163.5 159.3 15

16 Depository institution loans n.e.c. 32.8 20.7 18.5 16.2 15.6 20.4 22.1 18.6 20.5 19.6 19.7 16

17 Mortgages 163.5 166.9 167.1 168.9 173.5 174.5 176.2 178.8 185.0 188.0 187.9 17

18 Miscellaneous liabilities 64.9 51.1 66.0 70.1 72.1 75.3 74.4 90.0 80.1 102.6 99.1 18

 Memo:

19 Securitized assets included above 45.4 20.1 20.5 21.2 20.9 19.5 17.4 17.7 12.7 14.9 12.2 19

20 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Home mortgages 31.8 6.1 7.2 7.3 7.4 6.4 6.5 7.1 7.2 9.4 7.9 21

22 Multifamily residential mortgages 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 22

23 Commercial mortgages 13.2 13.7 13.0 13.5 13.1 12.8 10.7 10.3 5.2 5.2 4.0 23
88 Z.1, March 7, 2013

L.127 Security Brokers and Dealers

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 2217.2 2084.2 2075.1 2094.4 2121.1 1971.4 1949.7 2063.8 2052.9 2048.8 2068.3 1

 2 Checkable deposits and currency 120.1 90.7 96.9 88.8 105.4 111.1 111.8 117.4 105.2 113.5 128.2 2

 3 Credit market instruments 717.4 525.3 557.5 555.9 548.7 510.6 563.2 610.7 600.5 589.1 652.3 3

 4 Open market paper 65.7 41.5 36.2 39.6 42.2 40.7 42.1 43.7 34.7 33.2 29.9 4

 5 Treasury securities 190.6 123.0 94.5 78.3 56.3 78.9 183.6 203.8 201.2 190.2 246.5 5

 6 Agency- and GSE-backed securities 242.6 110.9 149.8 153.2 174.7 166.8 147.7 148.7 169.8 165.5 169.6 6

 7 Municipal securities 38.7 35.4 40.0 36.5 40.0 36.1 30.9 34.7 31.2 29.0 26.6 7

 8 Corporate and foreign bonds 123.8 154.4 189.5 202.4 187.4 133.7 104.5 149.3 130.8 139.3 147.0 8

 9 Other loans and advances 55.9 60.1 47.4 45.9 48.0 54.4 54.3 30.6 32.8 31.9 32.6 9

10 Corporate equities 109.2 124.2 117.2 131.7 131.2 97.7 103.2 116.3 113.5 127.9 126.7 10

11 Security credit 164.8 203.0 278.2 315.7 312.9 251.9 238.9 267.7 244.5 269.1 303.7 11

12 Miscellaneous assets 1105.7 1141.0 1025.3 1002.4 1023.0 1000.2 932.6 951.8 989.3 949.2 857.4 12

13 Total liabilities 2158.1 1977.7 1975.8 1993.3 2023.1 1883.6 1870.9 1978.0 1967.7 1957.8 1977.3 13

14 Security RPs (net) 586.9 470.9 404.7 427.1 387.9 179.5 215.3 251.7 219.9 169.2 189.2 14

15 Credit market instruments 142.6 92.9 129.7 128.2 110.1 99.2 91.8 98.0 102.1 85.8 90.2 15

16 Corporate bonds 97.1 92.9 129.7 128.2 110.1 99.2 91.8 98.0 102.1 85.8 90.2 16

17 Depository institution loans n.e.c. (1) 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Trade payables 21.2 70.1 18.1 18.4 19.2 16.3 14.3 17.3 13.5 13.0 14.2 18

19 Security credit 963.6 888.2 936.6 942.3 1011.0 1128.9 1073.7 1107.8 1165.7 1213.2 1208.7 19

20 Customer credit balances (HH) 742.7 668.6 694.3 703.3 757.7 804.9 752.4 762.3 777.7 780.2 776.0 20

21 From U.S.-chartered depository institutions 158.6 158.0 152.3 152.1 163.2 186.9 189.6 190.8 209.8 241.8 242.9 21

22 From foreign banking offices in U.S. 62.3 61.6 90.1 86.9 90.1 137.2 131.7 154.7 178.3 191.3 189.8 22

23 Taxes payable 2.5 5.7 3.6 4.2 4.3 3.7 2.5 3.0 2.8 3.7 3.1 23

24 Miscellaneous liabilities 441.4 450.0 483.1 473.0 490.5 456.0 473.3 500.2 463.6 472.9 471.9 24

25 Foreign direct investment in U.S. 72.1 64.4 88.5 90.4 94.6 99.0 98.1 100.3 101.1 102.9 104.5 25

26 Investment by funding corporations 672.1 1119.3 1124.6 1153.1 1135.5 1133.7 1159.3 1347.3 1322.3 1513.8 1628.7 26

27 Other -302.8 -733.7 -730.1 -770.4 -739.6 -776.7 -784.1 -947.4 -959.8 -1143.8 -1261.3 27

(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
Z.1, March 7, 2013 89

L.128 Holding Companies (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 2430.3 3317.2 3312.7 3376.4 3416.3 3419.3 3357.3 4094.8 4041.6 4250.1 4319.4 1

 2 Time and savings deposits 0.7 11.2 10.0 11.5 14.0 14.3 12.4 19.1 27.5 39.0 37.6 2

 3 Federal funds and security RPs 0.3 48.2 50.3 58.7 61.7 52.7 50.5 0.3 0.3 0.4 11.5 3

 4 Credit market instruments 73.0 75.8 97.9 105.7 105.3 110.5 101.1 223.0 183.4 229.9 219.5 4

 5 Treasury securities 3.1 5.8 19.6 16.1 9.0 20.4 26.8 39.6 9.6 12.3 9.0 5

 6 Agency- and GSE-backed securities 25.8 24.3 21.1 22.2 31.5 43.2 33.1 45.7 26.3 23.8 25.2 6

 7 Corporate and foreign bonds 35.8 31.1 38.3 40.5 40.6 22.0 18.3 84.6 94.3 86.0 79.9 7

 8 Other loans and advances 8.2 14.6 18.9 26.9 24.2 24.8 22.9 53.1 53.2 107.8 105.4 8

 9 Life insurance reserves 19.3 21.4 25.1 25.1 25.0 26.5 27.6 33.7 34.8 36.2 34.9 9

10 Miscellaneous assets 2337.0 3160.6 3129.4 3175.4 3210.2 3215.3 3165.9 3818.8 3795.6 3944.6 4015.9 10

11 Net transactions with depository subsidiaries 1370.5 1599.5 1632.8 1671.0 1674.2 1696.8 1711.9 1785.1 1825.4 1871.3 1890.2 11

12 Net transactions with property-casualty insurance co. subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27.1 29.7 25.3 22.3 12

13 Net transactions with life insurance company subsidiaries 31.2 40.5 62.7 64.5 67.4 74.6 72.0 159.5 166.5 93.2 12.6 13

14 Net transactions with finance company subsidiaries 232.6 209.3 116.3 100.9 99.9 98.3 95.7 91.8 88.3 87.9 95.2 14

15 Net transactions with broker and dealer subsidiaries 155.2 596.1 625.2 646.8 607.7 592.0 609.5 795.9 770.6 947.1 1059.9 15

16 Net transactions with foreign subsidiaries 101.5 125.1 135.6 121.9 186.2 199.3 166.3 185.6 166.1 154.0 114.7 16

17 Other 446.0 590.3 556.7 570.3 574.8 554.4 510.4 773.7 749.0 765.9 820.9 17

18 Total liabilities 1231.5 1802.2 1760.0 1789.1 1802.7 1771.5 1703.1 2037.7 1948.4 2217.2 2252.5 18

19 Federal funds and security RPs 0.7 0.6 0.8 1.1 1.3 1.2 1.2 1.1 1.1 1.2 0.0 19

20 Credit market instruments 807.9 1253.7 1237.2 1258.1 1269.7 1248.8 1220.8 1303.9 1213.9 1428.7 1418.4 20

21 Commercial paper 77.7 60.8 64.7 73.6 76.9 71.7 75.9 87.2 87.0 117.0 116.4 21

22 Corporate bonds 638.9 1028.7 982.2 984.4 934.3 912.7 890.6 982.3 951.2 1081.9 1105.2 22

23 Depository institution loans n.e.c. 91.3 164.2 190.3 200.1 258.4 264.4 254.3 234.5 175.7 229.8 196.8 23

24 Miscellaneous liabilities 422.9 548.0 522.0 529.8 531.6 521.5 481.1 732.6 733.5 787.4 834.0 24

(1) Parent only bank holding companies and savings and loan holding companies that file the Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
90 Z.1, March 7, 2013

L.129 Funding Corporations (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 2854.1 2426.9 2267.7 2176.6 2154.0 2154.6 2187.7 2136.5 2136.1 2136.4 2220.1 1

 2 Money market fund shares 995.2 830.7 677.8 646.8 633.1 581.5 602.8 566.9 522.3 530.0 589.3 2

 3 Security RPs 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 3

 4 Credit market instruments 1065.4 844.7 892.4 834.5 819.6 891.1 897.2 863.8 933.6 921.7 935.9 4

 5 Open market paper 362.3 111.5 110.9 74.8 50.3 90.2 85.4 2.2 15.8 7.1 4.6 5

 6 Corporate and foreign bonds 667.3 710.2 760.1 741.5 750.4 784.5 792.4 848.4 905.4 902.7 921.9 6

 7 Other loans and advances 35.9 22.9 21.4 18.3 19.0 16.4 19.4 13.2 12.4 11.9 9.4 7

 8 Corporate equities (2) 0.0 25.1 26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Miscellaneous assets 793.5 726.3 671.0 695.2 701.2 681.8 687.6 705.7 680.1 684.6 694.8 9

10 Investment in foreign banking offices 276.6 203.1 171.6 188.9 173.4 140.1 137.8 154.3 128.5 117.9 126.0 10

11 Investment in brokers and dealers 516.9 523.2 499.4 506.3 527.7 541.7 549.7 551.4 551.6 566.7 568.7 11

12 Total liabilities 2854.1 2426.9 2267.7 2176.6 2154.0 2154.6 2187.7 2136.5 2136.1 2136.4 2220.1 12

13 Credit market instruments 1252.8 816.8 704.2 690.8 689.9 676.5 651.8 642.0 617.4 600.6 593.5 13

14 Open market paper 388.0 261.7 167.1 167.0 146.6 125.3 94.3 92.2 75.8 37.1 29.0 14

15 Corporate bonds 419.9 457.8 454.6 464.5 491.1 510.4 526.2 528.4 532.7 557.4 561.5 15

16 Depository institution loans n.e.c. (3) 444.9 95.3 73.4 49.9 42.5 31.0 21.5 11.9 0.0 0.0 0.0 16

17 Other loans and advances (4) 0.0 2.0 9.2 9.3 9.7 9.8 9.8 9.5 8.9 6.1 3.0 17

18 Miscellaneous liabilities 1601.3 1610.1 1563.5 1485.9 1464.1 1478.0 1535.9 1494.5 1518.7 1535.8 1626.6 18

19 Foreign direct investment in U.S. 10.2 10.8 11.4 11.6 11.7 11.9 12.0 12.2 12.3 12.5 12.6 19

20 Securities loaned (net) 887.0 856.8 733.4 709.4 727.6 726.7 658.7 651.5 706.5 656.9 579.5 20

21 Equity interest under PPIP 0.0 1.8 7.7 7.8 8.3 8.7 8.8 8.8 8.7 8.7 8.7 21

22 Other (net) 704.1 740.7 811.0 757.0 716.4 730.7 856.4 822.0 791.2 857.7 1025.7 22

(1) Funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) and to funds associated with PPIP.
Z.1, March 7, 2013 91

L.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 74.2 175.1 175.8 184.3 189.3 186.4 183.8 184.5 181.7 184.7 181.8 1

 2 Federal government: SDR allocations 7.5 55.4 54.4 56.0 56.5 55.2 54.2 54.7 53.6 54.5 54.3 2

 3 Rest of the world 66.6 119.7 121.4 128.3 132.8 131.3 129.6 129.8 128.1 130.3 127.5 3

 4 SDR holdings 9.3 57.8 56.8 56.5 57.2 55.9 55.0 55.5 54.3 55.2 55.1 4

 5 Reserve position in IMF (net) 7.7 11.4 12.5 19.3 21.7 22.7 22.8 23.2 23.2 23.5 22.6 5

 6 Foreign currency holdings 49.6 50.5 52.1 52.4 53.8 52.8 51.9 51.1 50.5 51.6 49.9 6

 7 Total assets 85.2 186.1 186.8 195.3 200.4 197.5 194.9 195.5 192.7 195.8 192.8 7

 8 Federal government 41.9 94.6 95.4 102.1 105.9 105.0 103.9 104.5 103.1 104.7 102.8 8

 9 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 SDR holdings 9.3 57.8 56.8 56.5 57.2 55.9 55.0 55.5 54.3 55.2 55.1 10

11 Reserve position in IMF (net) 7.8 11.5 12.6 19.5 21.9 22.8 23.0 23.5 23.5 23.7 22.8 11

12 Foreign currency holdings 24.8 25.2 26.0 26.1 26.8 26.3 25.8 25.5 25.2 25.8 24.9 12

13 Rest of the world: SDR allocations 7.5 55.4 54.4 56.0 56.5 55.2 54.2 54.7 53.6 54.5 54.3 13

14 Monetary authority 35.7 36.2 37.0 37.2 37.9 37.4 36.8 36.4 36.1 36.6 35.8 14

15 Monetary gold (2) 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 15

16 Reserve position in IMF (net) -0.1 -0.1 -0.1 -0.2 -0.2 -0.1 -0.3 -0.3 -0.3 -0.2 -0.2 16

17 Foreign currency holdings 24.8 25.3 26.1 26.3 27.0 26.5 26.0 25.6 25.3 25.8 25.0 17

18 Discrepancy: monetary gold -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 18

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, monetary gold is a financial asset for which there is no corresponding liability.

L.201 Special Drawing Rights (SDRs) Certificates and Treasury Currency

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 SDR certificates:

 1 Liab: Federal government 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 1

 2 Asset: Monetary authority 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 2

 Treasury currency:

 3 Liab: Federal government 26.6 26.2 25.9 25.9 25.9 25.9 25.9 25.9 25.9 25.9 25.9 3

 4 Asset: Monetary authority 38.7 42.7 43.5 43.8 44.0 44.1 44.2 44.4 44.5 44.6 44.8 4

 5 Discrepancy (seigniorage) -12.1 -16.5 -17.6 -17.9 -18.0 -18.2 -18.3 -18.5 -18.6 -18.7 -18.8 5

L.202 U.S. Deposits in Foreign Countries

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total rest of the world liability 946.7 840.6 866.5 917.5 917.9 919.6 834.1 803.0 769.4 811.7 843.7 1

 Held by:

 2 Household sector 56.9 50.5 52.1 55.1 55.1 55.2 50.1 48.3 46.2 48.8 50.7 2

 3 Nonfinancial corporate business 24.7 31.5 40.6 47.6 40.8 37.2 34.0 21.4 10.0 8.8 10.4 3

 4 Money market mutual funds 85.6 97.1 105.9 109.4 113.9 70.0 42.9 40.1 33.0 40.2 43.3 4

 5 Discrepancy--unallocated assets 779.5 661.4 668.0 705.4 708.1 757.1 707.0 693.3 680.1 714.0 739.3 5
92 Z.1, March 7, 2013

L.203 Net Interbank Transactions

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 1922.9 1325.5 1147.7 1847.7 2025.2 2081.0 1984.3 1988.9 1949.6 1885.1 1803.2 1

 2 Monetary authority 917.7 1031.9 1020.8 1460.3 1651.4 1648.1 1623.1 1606.4 1563.6 1496.7 1562.1 2

 3 U.S.-chartered depository institutions 1238.0 697.2 480.9 480.7 410.3 323.4 233.7 281.3 224.3 230.4 134.9 3

 4 Foreign banking offices in U.S. -163.7 -322.5 -274.4 -16.7 42.4 203.8 222.2 205.9 266.0 264.1 219.7 4

 5 Banks in U.S.-affiliated areas -3.2 -4.2 -3.3 -4.1 -4.4 -4.9 -4.6 -4.4 -4.6 -5.3 -5.0 5

 6 Credit unions -65.9 -76.9 -76.2 -72.5 -74.5 -89.4 -90.1 -100.3 -99.8 -100.7 -108.5 6

 7 Total assets 1940.4 1320.5 1165.5 1848.9 2020.8 2071.1 1989.6 1997.6 1963.1 1846.3 1774.7 7

 8 Rest of the world 464.5 194.0 145.9 390.0 370.2 423.7 367.0 391.8 400.1 350.1 213.0 8

 9 Monetary authority 558.2 94.5 -1.2 -1.3 -0.8 -0.7 -0.4 -0.7 -0.6 -0.5 -0.4 9

10 U.S.-chartered depository institutions 674.1 725.0 633.1 764.7 923.6 843.9 866.0 869.9 828.2 786.5 886.9 10

11 Foreign banking offices in U.S. 239.0 284.1 350.8 640.8 677.5 762.5 711.0 679.1 687.8 670.6 638.8 11

12 Credit unions 4.7 22.8 36.9 54.7 50.2 41.8 46.1 57.4 47.6 39.6 36.4 12

13 Discrepancy -17.5 5.1 -17.7 -1.3 4.4 9.9 -5.3 -8.7 -13.5 38.8 28.5 13

 Memo:

 Vault cash:

14 Liab.: Monetary authority 57.7 54.9 52.7 53.3 55.4 50.6 60.8 56.5 56.6 56.3 71.0 14

15 Asset: U.S.-chartered depository institutions 57.7 54.9 52.7 53.3 55.4 50.6 60.8 56.5 56.6 56.3 71.0 15

 Depository institution reserves:

16 Liab.: Monetary authority 860.0 977.0 968.1 1407.0 1595.9 1597.5 1562.3 1549.9 1507.0 1440.4 1491.0 16

17 Asset: U.S.-chartered depository institutions 616.4 670.1 580.4 711.4 868.2 793.3 805.2 813.4 771.6 730.2 815.9 17

18 Foreign banking offices in U.S. 239.0 284.1 350.8 640.8 677.5 762.5 711.0 679.1 687.8 670.6 638.8 18

19 Credit unions 4.7 22.8 36.9 54.7 50.2 41.8 46.1 57.4 47.6 39.6 36.4 19

 Other transactions with the monetary authority

20 Liab: U.S.-chartered depository institutions 558.2 94.5 -1.2 -1.3 -0.8 -0.7 -0.4 -0.7 -0.6 -0.5 -0.4 20

21 Asset: Monetary authority 558.2 94.5 -1.2 -1.3 -0.8 -0.7 -0.4 -0.7 -0.6 -0.5 -0.4 21

22 Federal Reserve float -1.5 -2.1 -1.4 -1.4 -0.9 -0.8 -0.6 -0.7 -0.7 -0.6 -0.5 22

23 Loans to member banks 559.7 96.6 0.2 0.1 0.1 0.1 0.2 0.0 0.1 0.1 0.1 23

 Transactions with banks in foreign countries (net):

24 Liab.: U.S.-chartered depository institutions (net) 668.8 559.6 476.2 462.2 374.5 272.6 186.2 222.8 172.2 172.7 86.8 24

25 Due to foreign affiliates 782.2 760.8 783.5 772.8 657.5 657.3 565.3 526.8 483.8 458.4 378.6 25

26 - Due from foreign affiliates 113.3 201.3 307.3 310.6 282.9 384.7 379.0 304.0 311.6 285.7 291.9 26

27 Foreign banking offices in U.S. (net) -179.6 -350.9 -306.9 -47.3 19.0 175.5 201.2 187.7 245.5 193.9 144.8 27

28 Due to foreign affiliates 536.4 538.9 635.6 809.9 790.6 822.7 829.1 876.0 843.9 846.1 806.7 28

29 - Due from foreign affiliates 716.1 889.8 942.5 857.1 771.6 647.2 627.9 688.3 598.3 652.2 661.9 29

30 Less: Deposits at foreign banks 24.7 14.6 23.4 25.0 23.3 24.5 20.4 18.7 17.7 16.5 18.6 30

31 U.S.-chartered depository institutions 24.5 9.3 14.9 14.9 14.7 15.3 13.4 10.4 10.9 9.3 10.4 31

32 Foreign banking offices in U.S. 0.3 5.4 8.5 10.1 8.6 9.2 7.0 8.3 6.7 7.2 8.2 32

33 Asset: Rest of the world (1) 464.5 194.0 145.9 390.0 370.2 423.7 367.0 391.8 400.1 350.1 213.0 33

 Transactions between U.S. depository institutions (net) (2):

34 U.S.-chartered depository institutions (net) 35.4 52.4 20.8 34.7 51.2 66.8 61.4 69.6 63.6 67.4 59.0 34

35 Due to (3): 117.5 129.8 103.7 126.7 131.2 149.8 131.2 143.4 140.2 194.5 187.5 35

36 Foreign banking offices in U.S. 65.8 43.7 41.9 51.4 47.9 45.6 41.9 47.3 49.3 49.6 45.6 36

37 Banks in U.S.-affiliated areas 3.2 4.2 3.3 4.1 4.4 4.9 4.6 4.4 4.6 5.3 5.0 37

38 Credit unions 65.9 76.9 76.2 72.5 74.5 89.4 90.1 100.3 99.8 100.7 108.5 38

39 - Due from: Foreign banking offices in U.S. 82.1 77.4 82.9 92.0 80.0 83.0 69.8 73.8 76.6 127.0 128.6 39

40 Unallocated (2) -17.5 5.1 -17.7 -1.3 4.4 9.9 -5.3 -8.7 -13.5 38.8 28.5 40

(1) Sum of lines 24 and 27 less line 30.

(2) Interbank transactions between U.S. banks should net to zero and thus are not shown in lines 1 through 12 above. However, the unallocated amount (line 40), which is due to inconsistencies

 in source data, appears on line 13 as the discrepancy between liabilities and assets.

(3) Sum of lines 36, 37, 38, and 40.
Z.1, March 7, 2013 93

L.204 Checkable Deposits and Currency

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 2101.3 2093.4 2359.8 2193.3 2314.6 2403.7 2594.3 2520.5 2594.3 2640.4 2861.5 1

 2 Monetary authority 1220.3 1102.7 1287.8 1078.7 1116.4 1090.8 1165.7 1122.7 1178.4 1185.9 1224.6 2

 3 Federal government cash and deposits 365.7 191.9 340.9 116.4 135.3 56.4 85.9 43.6 91.5 85.6 92.9 3

 4 Due to government-sponsored enterprises 21.1 35.1 13.5 10.2 7.3 44.8 64.6 36.9 29.9 22.6 27.2 4

 5 Deposits due to foreign 1.4 2.4 3.4 0.1 0.4 2.6 0.2 0.2 1.6 5.7 6.5 5

 6 Currency outside banks 832.2 873.3 930.0 952.0 973.5 987.0 1015.0 1042.1 1055.3 1072.1 1098.1 6

 7 U.S.-chartered depository institutions 777.5 871.6 941.1 978.0 1059.7 1154.6 1260.5 1219.8 1232.0 1267.7 1436.7 7

 8 Federal government deposits 3.5 3.8 3.6 3.6 3.7 3.0 1.0 1.3 1.2 1.1 1.4 8

 9 Deposits due to foreign 62.9 34.3 30.4 43.3 46.5 51.4 56.1 54.6 54.1 55.4 51.9 9

10 Private domestic deposits 711.1 833.5 907.0 931.0 1009.5 1100.2 1203.5 1163.8 1176.7 1211.2 1383.4 10

11 Foreign banking offices in U.S. 13.5 16.1 21.9 20.7 23.2 38.2 45.6 44.3 48.9 53.9 61.8 11

12 Deposits due to foreign 4.7 10.5 14.6 13.2 15.3 17.8 19.0 18.9 20.8 22.6 27.9 12

13 Private domestic deposits 8.8 5.6 7.3 7.6 7.9 20.5 26.6 25.4 28.1 31.2 33.9 13

14 Banks in U.S.-affiliated areas 14.6 16.1 16.6 17.1 18.1 18.0 19.4 19.5 22.3 20.9 21.5 14

15 Credit unions 75.3 86.9 92.4 98.7 97.1 102.1 103.1 114.1 112.7 111.9 116.9 15

16 Total assets 2101.3 2093.4 2359.8 2193.3 2314.6 2403.7 2594.3 2520.5 2594.3 2640.4 2861.5 16

17 Household sector 349.6 373.6 416.5 426.6 470.4 589.7 704.0 687.9 679.5 669.1 814.4 17

18 Nonfinancial business 550.0 710.3 766.5 792.5 810.0 829.5 840.0 844.6 869.5 910.2 937.8 18

19 Corporate 30.6 170.5 244.7 268.6 284.4 303.1 311.8 315.1 338.5 378.1 400.6 19

20 Noncorporate 519.4 539.8 521.8 524.0 525.6 526.4 528.3 529.5 531.0 532.1 537.3 20

21 State and local governments 79.9 99.1 104.6 103.8 108.6 108.2 121.4 119.0 117.1 111.8 118.0 21

22 Federal government 368.0 193.6 342.1 117.5 135.5 57.6 84.3 42.0 89.3 83.4 91.9 22

23 Rest of the world 370.1 361.0 390.5 411.3 430.9 450.1 472.3 488.9 498.8 522.1 540.5 23

24 Checkable deposits 69.0 47.2 48.4 56.6 62.2 71.8 75.2 73.7 76.5 83.7 86.2 24

25 Currency 301.1 313.8 342.1 354.7 368.7 378.3 397.1 415.1 422.3 438.4 454.2 25

26 Financial sectors 377.2 349.6 333.9 335.8 352.3 363.0 365.8 331.4 333.0 336.8 351.9 26

27 Property-casualty insurance companies 27.9 27.6 32.6 33.8 35.6 25.7 24.1 29.1 29.3 32.9 31.4 27

28 Life insurance companies 82.8 50.7 51.7 47.0 48.2 57.8 53.7 52.9 56.1 53.5 51.0 28

29 Private pension funds 12.3 16.4 20.9 19.9 20.8 21.2 22.0 21.2 21.7 21.9 24.1 29

30 State and local govt. retirement funds 3.5 3.5 4.1 4.4 4.7 4.6 4.4 4.3 4.2 4.1 4.1 30

31 Money market mutual funds 7.5 17.9 14.2 13.3 20.1 18.8 20.1 3.2 6.0 11.3 16.5 31

32 Government-sponsored enterprises 88.3 99.4 63.4 70.4 62.3 63.7 72.7 42.5 52.9 36.1 37.7 32

33 Finance companies 16.5 17.0 26.6 29.1 31.5 33.4 31.5 31.1 28.6 30.6 28.2 33

34 REITs 18.4 26.3 23.5 29.0 23.7 26.9 25.6 29.8 29.0 32.7 30.7 34

35 Brokers and dealers 120.1 90.7 96.9 88.8 105.4 111.1 111.8 117.4 105.2 113.5 128.2 35

36 Mail float 6.4 6.3 5.7 5.9 7.0 5.6 6.5 6.6 7.2 7.0 7.1 36
94 Z.1, March 7, 2013

L.205 Time and Savings Deposits 

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 7940.9 8316.3 8432.4 8553.3 8714.0 8724.0 8805.2 8914.8 8968.0 9080.4 9311.2 1

 2 Small time and savings deposits 5749.3 6326.5 6624.9 6741.5 6898.8 7065.7 7202.2 7410.5 7457.0 7595.4 7802.3 2

 3 U.S.-chartered depository institutions 5144.6 5617.0 5888.6 5980.1 6130.7 6293.3 6425.7 6598.7 6636.4 6775.6 6978.1 3

 4 Foreign banking offices in U.S. 25.6 29.9 35.7 42.6 47.4 50.9 48.9 57.9 62.1 62.4 62.8 4

 5 Banks in U.S.-affiliated areas 27.4 24.5 19.3 19.4 19.2 19.2 18.9 18.7 19.6 18.5 18.6 5

 6 Credit unions 551.7 655.1 681.3 699.4 701.4 702.3 708.7 735.2 738.8 738.9 742.8 6

 7 Large time deposits (1) 2191.6 1989.8 1807.5 1811.8 1815.3 1658.4 1603.0 1504.3 1511.1 1485.0 1508.9 7

 8 U.S.-chartered depository institutions 1309.2 979.4 849.1 824.2 819.4 802.1 813.9 743.4 777.4 749.1 738.2 8

 9 Foreign banking offices in U.S. 784.7 958.6 909.0 937.1 945.4 804.6 736.6 706.8 678.2 679.8 712.3 9

10 Banks in U.S.-affiliated areas 27.4 24.5 19.3 19.4 19.2 19.2 18.9 18.7 19.6 18.5 18.6 10

11 Credit unions 70.4 27.3 30.1 31.2 31.3 32.4 33.5 35.3 35.9 37.5 39.7 11

12 Total assets 7940.9 8316.3 8432.4 8553.3 8714.0 8724.0 8805.2 8914.8 8968.0 9080.4 9311.2 12

13 Household sector 6077.2 6238.4 6354.9 6451.8 6589.5 6614.2 6697.7 6805.5 6868.3 6895.8 7070.3 13

14 Nonfinancial business 740.0 842.1 905.0 909.2 926.9 931.1 935.5 946.9 937.8 954.6 949.6 14

15 Corporate 381.9 488.8 548.7 551.6 568.5 572.4 575.7 586.5 576.6 592.9 584.5 15

16 Noncorporate 358.1 353.3 356.2 357.5 358.4 358.7 359.8 360.4 361.2 361.7 365.1 16

17 State and local governments 238.9 248.1 241.3 242.0 234.8 241.6 256.5 275.2 271.0 284.4 292.2 17

18 Federal government 1.6 1.9 2.0 1.5 1.7 1.8 1.7 2.0 2.2 2.1 2.0 18

19 Rest of the world 273.1 230.0 246.9 258.8 265.3 281.0 280.0 276.1 291.0 303.0 326.0 19

20 Financial sectors 610.2 755.7 682.4 690.0 695.7 654.4 633.8 609.0 597.8 640.4 671.0 20

21 Private pension funds 67.9 72.7 72.8 72.8 73.3 73.0 73.3 73.3 72.8 73.6 74.9 21

22 State and local govt. retirement funds 26.9 28.5 34.9 37.6 40.3 39.0 37.7 36.9 35.9 35.3 34.7 22

23 Money market mutual funds 396.8 566.6 458.9 457.2 450.5 416.2 402.7 375.5 365.8 396.9 435.4 23

24 Government-sponsored enterprises 68.5 25.7 26.1 23.7 23.1 11.7 13.4 11.1 9.8 3.7 3.7 24

25 Finance companies 49.4 51.0 79.8 87.2 94.5 100.2 94.4 93.3 85.9 91.9 84.6 25

26 Holding companies 0.7 11.2 10.0 11.5 14.0 14.3 12.4 19.1 27.5 39.0 37.6 26

(1) Large time deposits are those issued in amounts of $100,000 or more.

L.206 Money Market Mutual Fund Shares

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total assets 3757.3 3258.6 2755.4 2679.4 2637.8 2577.9 2642.5 2535.5 2467.9 2506.9 2649.6 1

 2 Household sector 1581.8 1313.2 1129.7 1098.6 1086.8 1103.3 1109.9 1052.2 1024.2 1045.4 1110.2 2

 3 Nonfinancial corporate business 710.6 641.7 484.8 470.2 457.7 440.5 452.0 434.5 422.4 428.5 445.2 3

 4 Nonfinancial noncorporate business 75.4 73.7 76.8 77.1 77.3 77.4 77.6 77.7 77.9 78.0 78.7 4

 5 State and local governments 113.3 122.0 129.7 129.8 129.8 127.5 126.3 125.4 124.2 122.7 119.2 5

 6 Rest of the world 69.7 76.9 69.8 67.3 64.8 64.4 79.5 91.2 105.8 108.4 111.8 6

 7 Property-casualty insurance companies 32.8 29.6 25.6 27.7 26.1 23.6 24.6 21.1 21.2 24.5 25.9 7

 8 Life insurance companies 39.2 33.7 21.0 19.7 17.9 17.0 28.8 26.4 31.0 31.4 31.8 8

 9 Private pension funds 95.7 96.4 96.3 96.2 96.2 96.1 96.1 96.1 96.1 96.1 96.1 9

10 State and local govt. retirement funds 43.7 40.9 44.0 46.1 48.2 46.7 45.0 44.1 43.0 42.2 41.5 10

11 Funding corporations 995.2 830.7 677.8 646.8 633.1 581.5 602.8 566.9 522.3 530.0 589.3 11
Z.1, March 7, 2013 95

L.207 Federal Funds and Security Repurchase Agreements

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 1238.2 1488.4 1272.3 1312.7 1258.2 1102.2 1142.6 1187.7 1167.1 1134.5 1124.5 1

 2 Monetary authority 88.4 77.7 59.7 62.2 70.3 84.1 99.9 96.7 85.5 92.7 107.2 2

 3 Private depository institutions (net) 467.5 835.8 674.9 651.2 600.9 616.3 600.1 568.2 567.6 538.2 501.7 3

 4 U.S.-chartered depository institutions (net) 335.3 665.6 451.7 426.8 407.0 361.6 342.6 301.3 285.3 258.6 217.6 4

 5 Foreign banking offices in U.S. (net) 130.0 170.3 223.2 224.4 212.7 265.6 273.4 287.8 295.3 288.2 293.8 5

 6 Credit unions (net) 2.3 -0.1 -0.0 0.0 -18.8 -10.9 -15.9 -20.9 -12.9 -8.6 -9.7 6

 7 Property-casualty insurance companies 2.4 0.6 1.5 0.6 0.6 0.5 0.4 0.5 0.5 0.6 0.8 7

 8 Life insurance companies 12.9 12.4 10.3 9.5 10.0 9.7 10.4 10.8 11.7 12.7 13.5 8

 9 REITs 79.4 90.4 120.5 160.9 187.1 210.9 215.4 258.7 280.9 319.9 312.0 9

10 Brokers and dealers (net) 586.9 470.9 404.7 427.1 387.9 179.5 215.3 251.7 219.9 169.2 189.2 10

11 Holding companies 0.7 0.6 0.8 1.1 1.3 1.2 1.2 1.1 1.1 1.2 0.0 11

12 Total assets 1149.7 1009.7 895.4 1003.9 962.5 841.7 876.6 891.1 914.4 975.5 994.4 12

13 Nonfinancial corporate business 7.2 7.9 12.1 12.7 13.0 12.1 12.9 13.9 14.4 11.6 14.0 13

14 State and local governments 117.2 113.2 107.9 105.1 102.4 100.5 99.6 98.9 98.0 96.7 94.0 14

15 Rest of the world (net) 114.9 31.0 -96.1 -38.2 -53.0 -104.9 -44.9 -83.2 -117.6 -98.6 -84.7 15

16 Monetary authority 80.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Property-casualty insurance companies 4.4 4.5 3.8 3.5 2.3 2.0 1.8 1.8 1.7 1.7 1.7 17

18 Life insurance companies 8.0 10.2 10.9 9.7 8.8 10.8 10.1 9.2 9.3 8.2 7.9 18

19 Private pension funds 33.1 36.2 36.1 36.4 31.9 32.3 31.9 35.1 33.4 33.2 29.6 19

20 State and local govt. retirement funds 3.0 3.0 3.4 3.6 3.8 3.7 3.6 3.5 3.4 3.3 3.3 20

21 Money market mutual funds 542.4 480.0 479.4 437.5 454.6 491.5 490.5 498.2 514.9 513.2 544.7 21

22 Mutual funds 124.7 153.3 137.5 218.5 221.8 126.7 108.7 206.2 217.7 230.7 205.7 22

23 Government-sponsored enterprises (net) 114.5 122.1 150.0 156.3 115.1 114.3 111.9 107.2 138.7 174.9 166.7 23

24 Holding companies 0.3 48.2 50.3 58.7 61.7 52.7 50.5 0.3 0.3 0.4 11.5 24

25 Funding corporations 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 25

26 Discrepancy--unallocated assets 88.4 478.8 376.9 308.8 295.7 260.5 266.1 296.6 252.7 159.0 130.1 26
96 Z.1, March 7, 2013

L.208 Open Market Paper

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total outstanding, all types 1599.8 1138.0 1057.6 1131.3 1081.6 1004.5 969.3 994.4 962.0 957.2 952.3 1

 2 Commercial paper 1599.3 1137.4 1057.5 1131.2 1081.6 1004.4 969.2 994.4 962.0 957.2 952.3 2

 3 Nonfinancial corporate business 131.5 58.4 82.9 110.5 106.9 124.7 116.3 127.6 132.1 136.1 130.5 3

 4 Foreign issues in U.S. 342.0 401.3 398.6 428.2 417.2 352.5 345.1 362.6 357.4 366.4 372.7 4

 5 Nonfinancial 49.7 34.5 30.6 35.1 41.4 34.0 30.2 32.8 40.7 39.2 40.4 5

 6 Financial 292.3 366.8 368.0 393.2 375.8 318.6 314.9 329.8 316.7 327.2 332.3 6

 7 Financial business 1125.8 677.6 575.9 592.5 557.5 527.2 507.8 504.2 472.6 454.7 449.2 7

 8 U.S.-chartered depository institutions 0.0 0.0 112.9 109.2 109.0 109.9 120.6 104.3 102.1 90.7 87.5 8

 9 ABS issuers 559.3 293.1 120.2 128.3 116.2 108.5 96.0 97.7 85.2 86.8 87.0 9

10 Finance companies 100.9 62.1 111.0 114.4 108.7 111.8 121.0 122.8 122.5 123.1 129.3 10

11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Holding companies 77.7 60.8 64.7 73.6 76.9 71.7 75.9 87.2 87.0 117.0 116.4 12

13 Funding corporations 388.0 261.7 167.1 167.0 146.6 125.3 94.3 92.2 75.8 37.1 29.0 13

14 Bankers’ acceptances (1) 0.5 0.6 0.1 0.1 0.0 0.0 0.1 0.0 0.0 0.0 0.0 14

15 U.S.-chartered depository institutions 0.5 0.6 0.1 0.1 0.0 0.0 0.1 0.0 0.0 0.0 0.0 15

16 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Holdings, by sector 1599.8 1138.0 1057.6 1131.3 1081.6 1004.5 969.3 994.4 962.0 957.2 952.3 17

18 Household sector 6.0 34.6 31.7 33.9 32.4 30.1 29.1 29.8 28.9 28.7 28.6 18

19 Nonfinancial corporate business 57.3 56.0 68.0 70.8 70.4 58.0 59.4 64.1 59.1 61.7 67.4 19

20 State and local governments 57.4 -16.0 44.1 55.0 65.9 63.9 68.0 67.1 66.1 64.8 61.8 20

21 Rest of the world 232.9 191.5 191.0 199.3 195.1 200.3 191.7 203.3 188.9 190.2 195.2 21

22 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 U.S.-chartered depository institutions (1) 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Foreign banking offices in U.S. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Property-casualty insurance companies 19.1 9.8 7.9 8.5 8.0 5.3 5.5 4.7 4.7 5.5 6.1 26

27 Life insurance companies 38.3 49.8 40.9 40.1 38.7 43.3 29.7 29.0 31.8 32.2 28.6 27

28 Private pension funds 37.2 26.7 18.2 19.3 18.7 18.1 16.7 17.5 17.7 15.9 15.7 28

29 State and local govt. retirement funds 31.0 32.1 38.4 41.1 43.9 42.5 41.0 40.2 39.1 38.4 37.8 29

30 Money market mutual funds 618.5 510.5 394.2 395.5 359.4 347.1 354.2 355.5 326.5 319.4 340.8 30

31 Mutual funds 51.6 80.2 66.3 144.0 147.2 55.7 40.0 132.1 143.0 155.9 131.7 31

32 Government-sponsored enterprises 6.8 9.7 9.9 9.5 9.3 9.2 6.5 5.2 5.7 4.2 4.2 32

33 Brokers and dealers 65.7 41.5 36.2 39.6 42.2 40.7 42.1 43.7 34.7 33.2 29.9 33

34 Funding corporations 362.3 111.5 110.9 74.8 50.3 90.2 85.4 2.2 15.8 7.1 4.6 34

(1) Excludes banks’ holdings of own acceptances.
Z.1, March 7, 2013 97

L.209 Treasury Securities

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 6338.2 7781.9 9361.5 9621.4 9714.1 10102.6 10428.3 10827.5 11025.6 11255.5 11568.9 1

 2 Savings bonds 194.0 191.2 187.9 186.8 186.0 185.1 185.2 184.7 184.3 183.6 182.4 2

 3 Treasury bills 1861.2 1787.9 1768.9 1694.7 1529.4 1475.6 1519.5 1672.6 1594.4 1613.0 1626.5 3

 4 Other Treasury securities 4283.0 5802.8 7404.7 7739.9 7998.7 8442.0 8723.7 8970.1 9246.9 9458.9 9760.0 4

 5 Total assets 6338.2 7781.9 9361.5 9621.4 9714.1 10102.6 10428.3 10827.5 11025.6 11255.5 11568.9 5

 6 Household sector 231.9 790.6 1114.9 953.7 728.5 805.2 648.0 775.5 901.8 939.5 1036.0 6

 7 Savings bonds 194.0 191.2 187.9 186.8 186.0 185.1 185.2 184.7 184.3 183.6 182.4 7

 8 Bills and other Treasury securities 37.9 599.4 927.0 767.0 542.5 620.1 462.8 590.8 717.5 755.9 853.6 8

 9 Nonfinancial corporate business 30.5 43.0 48.0 42.4 41.5 44.4 48.1 53.4 65.0 70.2 58.7 9

10 Nonfinancial noncorporate business 51.8 46.1 48.1 48.2 48.4 48.4 48.5 48.6 48.7 48.8 49.3 10

11 State and local governments 526.7 547.2 538.7 526.0 508.7 487.9 485.2 483.4 489.6 482.0 476.9 11

12 Rest of the world 3253.0 3670.6 4466.6 4577.9 4664.7 4813.7 5071.1 5200.0 5291.2 5444.0 5545.5 12

13 Treasury bills 758.0 750.4 710.3 664.9 641.4 635.1 647.7 634.2 630.1 679.1 661.7 13

14 Other Treasury securities 2495.0 2920.2 3756.3 3913.0 4023.3 4178.6 4423.4 4565.8 4661.2 4765.0 4883.9 14

15 Monetary authority 475.9 776.6 1021.5 1340.4 1619.5 1664.7 1663.4 1661.1 1659.9 1645.3 1666.1 15

16 Treasury bills 18.4 18.4 18.4 18.4 18.4 18.4 18.4 18.4 18.4 0.0 0.0 16

17 Other Treasury securities 457.5 758.2 1003.1 1322.0 1601.1 1646.2 1645.0 1642.7 1641.5 1645.3 1666.1 17

18 U.S.-chartered depository institutions 56.4 124.5 217.5 216.1 183.3 191.7 173.9 187.8 212.5 227.8 243.4 18

19 Foreign banking offices in U.S. 35.5 57.5 60.9 66.1 63.6 58.1 60.5 71.6 61.0 77.3 76.6 19

20 Banks in U.S.-affiliated areas 1.2 0.5 1.1 1.1 1.6 0.9 1.0 0.9 1.3 1.0 0.6 20

21 Credit unions 8.8 14.2 20.0 21.8 21.9 22.5 17.5 20.4 20.1 20.9 23.3 21

22 Property-casualty insurance companies 65.6 88.5 91.7 93.3 91.9 90.7 93.6 91.0 89.3 92.4 93.8 22

23 Treasury bills 10.8 15.8 15.5 16.8 15.8 14.3 14.9 12.8 11.3 13.1 13.4 23

24 Other Treasury securities 54.8 72.8 76.2 76.5 76.1 76.4 78.7 78.2 78.0 79.3 80.4 24

25 Life insurance companies 105.7 133.5 156.6 158.2 158.7 162.6 167.1 169.5 169.7 171.3 176.3 25

26 Treasury bills 20.1 13.9 10.2 9.6 8.8 10.7 14.0 12.8 15.0 15.0 15.3 26

27 Other Treasury securities 85.6 119.6 146.4 148.5 150.0 151.9 153.1 156.6 154.7 156.3 161.1 27

28 Private pension funds 184.9 313.0 394.5 401.8 408.9 429.6 441.9 455.5 460.4 468.7 475.8 28

29 State and local govt. retirement funds 129.9 151.9 160.0 165.3 166.5 165.6 173.8 190.1 196.6 204.9 215.3 29

30 Federal government retirement funds 112.4 119.8 129.8 133.5 136.9 144.5 147.7 148.3 151.6 154.1 160.0 30

31 Money market mutual funds 577.7 406.4 335.4 337.6 341.4 373.5 443.3 473.8 444.6 456.3 457.8 31

32 Treasury bills 478.7 318.5 234.5 216.3 215.4 245.2 263.7 285.4 239.8 245.0 282.8 32

33 Other Treasury securities 98.9 87.9 100.9 121.3 126.0 128.3 179.7 188.4 204.9 211.3 175.0 33

34 Mutual funds 177.4 247.4 290.7 291.1 301.4 333.3 361.4 381.5 396.5 406.6 417.4 34

35 Closed-end funds 3.2 4.4 5.1 5.3 5.2 4.9 4.8 5.1 5.0 5.2 5.1 35

36 Exchange-traded funds 27.1 41.8 51.0 52.8 56.7 61.1 62.4 62.0 67.3 62.7 63.6 36

37 Government-sponsored enterprises 16.8 21.9 55.2 58.5 63.3 68.5 75.4 78.8 57.9 50.7 51.9 37

38 ABS issuers 72.2 53.9 40.1 35.9 36.3 31.4 29.2 25.9 24.8 23.2 19.9 38

39 Brokers and dealers 190.6 123.0 94.5 78.3 56.3 78.9 183.6 203.8 201.2 190.2 246.5 39

40 Holding companies 3.1 5.8 19.6 16.1 9.0 20.4 26.8 39.6 9.6 12.3 9.0 40

 Memo:

41 Federal government debt (1) 6361.5 7805.4 9385.6 9645.9 9738.6 10127.6 10453.6 10851.9 11050.1 11279.9 11593.7 41

(1) Total Treasury securities (line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 11).
98 Z.1, March 7, 2013

L.210 Agency- and GSE-Backed Securities (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 8166.7 8106.8 7598.2 7648.7 7577.8 7585.0 7577.4 7533.0 7541.7 7543.9 7544.3 1

 2 Budget agencies 23.3 23.5 24.2 24.5 24.5 25.0 25.3 24.4 24.5 24.4 24.9 2

 3 Government-sponsored enterprises 3181.9 2706.6 6434.5 6437.3 6317.3 6282.7 6247.3 6178.6 6139.8 6111.5 6079.5 3

 4 Agency- and GSE-backed mortgage pools 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 1439.9 4

 5 Total assets 8166.7 8106.8 7598.2 7648.7 7577.8 7585.0 7577.4 7533.0 7541.7 7543.9 7544.3 5

 6 Household sector 965.9 347.8 321.5 401.3 365.7 340.2 316.1 235.7 211.4 150.0 73.1 6

 7 Nonfinancial corporate business 10.2 14.3 16.0 14.2 17.2 14.8 16.0 17.8 19.2 20.9 19.6 7

 8 State and local governments 431.4 399.7 383.7 373.5 363.2 350.4 336.7 325.9 322.2 326.9 325.3 8

 9 Federal government 54.4 196.4 149.2 138.4 103.7 70.6 31.1 1.5 0.0 0.0 0.0 9

10 Rest of the world 1406.9 1154.9 1084.0 1072.0 1057.1 1060.5 1079.9 1074.4 1067.4 1089.2 1077.2 10

11 Monetary authority 19.7 1068.3 1139.6 1069.7 1025.6 979.2 941.7 933.3 946.5 918.4 1003.4 11

12 U.S.-chartered depository institutions 1242.5 1417.4 1527.2 1561.8 1559.6 1576.6 1634.1 1699.2 1668.4 1672.7 1668.3 12

13 Foreign banking offices in U.S. 50.6 31.3 26.5 31.4 30.6 32.2 30.6 29.0 32.3 30.2 32.1 13

14 Banks in U.S.-affiliated areas 24.4 20.5 12.8 6.9 6.0 5.4 4.8 5.1 4.8 4.0 2.6 14

15 Credit unions 82.9 110.8 151.6 166.6 170.9 173.4 182.2 195.8 200.4 198.5 198.1 15

16 Property-casualty insurance companies 114.3 116.2 115.8 116.8 116.9 118.1 122.2 121.5 121.7 121.9 124.0 16

17 Life insurance companies 366.2 371.9 376.0 376.8 375.9 376.1 374.7 364.8 353.0 356.4 347.9 17

18 Private pension funds 318.1 269.1 257.6 258.8 259.9 263.1 262.6 252.4 241.7 232.7 223.3 18

19 State and local govt. retirement funds 160.6 157.6 159.4 158.6 155.4 159.5 166.9 179.1 186.8 192.8 200.8 19

20 Federal government retirement funds 5.2 5.2 5.8 5.7 6.0 6.2 6.5 7.0 7.6 7.1 7.2 20

21 Money market mutual funds 756.2 543.0 402.8 373.4 359.8 383.2 403.7 327.3 334.6 331.4 343.5 21

22 Mutual funds 559.8 613.8 769.9 771.3 803.5 853.8 879.9 922.1 969.1 1000.7 1034.7 22

23 Government-sponsored enterprises 910.0 924.5 377.0 373.9 368.2 368.1 358.9 347.7 342.4 323.9 315.3 23

24 ABS issuers 329.5 103.8 7.6 11.6 9.7 4.5 3.0 2.5 2.0 1.5 1.0 24

25 REITs 89.6 105.1 143.3 190.7 216.9 239.1 244.7 296.4 314.2 375.4 352.0 25

26 Brokers and dealers 242.6 110.9 149.8 153.2 174.7 166.8 147.7 148.7 169.8 165.5 169.6 26

27 Holding companies 25.8 24.3 21.1 22.2 31.5 43.2 33.1 45.7 26.3 23.8 25.2 27

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mac, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total debt of the federal government, which is shown in table L.209, line 35.
Z.1, March 7, 2013 99

L.211 Municipal Securities and Loans

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 3517.2 3672.5 3772.1 3754.2 3724.5 3708.0 3719.4 3720.0 3732.4 3719.4 3714.4 1

 2 State and local governments 2842.7 2954.9 3023.6 3003.6 2969.4 2958.9 2970.0 2970.9 2977.7 2969.7 2964.3 2

 3 Short-term (1) 55.8 63.6 63.0 60.1 37.6 48.1 52.3 51.9 43.4 55.7 56.1 3

 4 Long-term 2786.9 2891.3 2960.6 2943.5 2931.7 2910.8 2917.6 2919.0 2934.3 2914.0 2908.2 4

 5 Nonprofit organizations (2) 259.5 265.4 263.2 262.8 261.7 256.8 255.5 253.8 249.5 245.6 241.0 5

 6 Nonfinancial corporate business 415.0 452.2 485.4 487.8 493.4 492.2 493.9 495.2 505.3 504.1 509.1 6

 (industrial revenue bonds)

 7 Total assets 3517.2 3672.5 3772.1 3754.2 3724.5 3708.0 3719.4 3720.0 3732.4 3719.4 3714.4 7

 8 Household sector 1722.4 1829.1 1873.4 1880.2 1855.9 1838.4 1812.2 1792.9 1785.6 1725.7 1678.8 8

 9 Nonfinancial corporate business 26.2 27.1 23.9 19.5 19.2 19.9 18.8 21.6 20.8 24.5 22.7 9

10 Nonfinancial noncorporate business 4.9 5.1 5.6 5.6 5.7 5.7 5.7 5.7 5.7 5.7 5.8 10

11 State and local governments 9.4 10.3 11.1 11.1 11.2 11.0 10.9 10.8 10.7 10.6 10.3 11

12 Rest of the world 50.5 58.7 71.7 74.2 76.7 75.0 73.4 71.7 70.1 69.1 68.1 12

13 U.S.-chartered depository institutions 221.9 224.3 254.6 259.9 267.3 283.8 297.3 307.2 327.4 350.0 363.1 13

14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Banks in U.S.-affiliated areas 2.5 3.5 2.5 2.8 2.5 2.8 3.4 3.4 2.8 2.8 2.6 15

16 Property-casualty insurance companies 381.9 369.4 348.4 342.3 333.7 328.3 331.0 329.1 329.6 330.1 329.0 16

17 Life insurance companies 47.1 73.1 112.3 115.0 117.1 119.6 121.6 122.6 120.7 121.9 121.0 17

18 State and local govt. retirement funds 1.3 1.4 2.2 2.3 2.4 3.1 3.6 4.3 5.2 5.7 6.4 18

19 Money market mutual funds 509.5 440.1 386.7 378.9 361.4 348.9 357.3 341.2 325.4 320.1 336.7 19

20 Mutual funds 389.4 478.8 525.5 513.7 518.8 525.4 541.2 561.9 583.7 610.5 628.0 20

21 Closed-end funds 77.9 81.2 81.6 80.8 82.0 80.1 82.5 83.1 83.6 84.5 85.8 21

22 Exchange-traded funds 2.3 5.9 7.6 7.5 7.7 7.8 8.6 9.7 10.5 11.3 12.3 22

23 Government-sponsored enterprises 31.3 29.1 24.9 23.8 22.9 22.0 21.0 20.2 19.4 18.1 17.4 23

24 Brokers and dealers 38.7 35.4 40.0 36.5 40.0 36.1 30.9 34.7 31.2 29.0 26.6 24

(1) Debt with original maturity of 13 months or less.

(2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).
100 Z.1, March 7, 2013

L.212 Corporate and Foreign Bonds

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 11192.5 11674.8 11828.7 11885.5 11950.0 11973.0 11984.1 12143.8 12125.4 12337.9 12510.6 1

 2 Nonfinancial corporate business 3954.5 4366.2 4804.8 4912.4 5034.3 5121.4 5215.6 5346.4 5452.9 5599.7 5795.2 2

 3 Rest of the world (1) 1237.3 1570.3 1689.5 1727.2 1757.3 1774.6 1763.8 1745.3 1717.9 1717.8 1756.1 3

 4 Financial sectors 6000.7 5738.3 5334.4 5245.9 5158.5 5077.0 5004.7 5052.0 4954.6 5020.4 4959.4 4

 5 U.S.-chartered depository institutions 184.8 176.3 436.8 433.5 432.7 429.4 415.8 427.2 414.4 409.9 415.8 5

 6 ABS issuers (net) (3) 3564.5 3015.3 2123.0 2034.0 1993.9 1931.7 1895.4 1832.1 1785.4 1714.5 1666.3 6

 7 Finance companies 924.5 837.5 1078.4 1060.0 1054.9 1054.5 1039.8 1031.4 1009.9 1007.3 961.1 7

 8 REITs 171.0 129.8 129.7 141.3 141.5 139.2 145.1 152.6 158.9 163.5 159.3 8

 9 Brokers and dealers 97.1 92.9 129.7 128.2 110.1 99.2 91.8 98.0 102.1 85.8 90.2 9

10 Holding companies 638.9 1028.7 982.2 984.4 934.3 912.7 890.6 982.3 951.2 1081.9 1105.2 10

11 Funding corporations 419.9 457.8 454.6 464.5 491.1 510.4 526.2 528.4 532.7 557.4 561.5 11

12 Total assets 11192.5 11674.8 11828.7 11885.5 11950.0 11973.0 11984.1 12143.8 12125.4 12337.9 12510.6 12

13 Household sector 1968.1 2256.7 2270.6 2280.5 2308.0 2319.9 2284.0 2230.0 2208.4 2313.8 2325.8 13

14 State and local governments 137.8 140.6 142.1 140.5 138.8 136.3 135.2 134.1 132.9 131.2 127.5 14

15 Federal government 0.0 0.6 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.7 0.6 15

16 Rest of the world (2) 2354.0 2465.3 2523.3 2509.8 2487.4 2481.2 2509.8 2496.9 2458.7 2458.7 2477.7 16

17 U.S.-chartered depository institutions 650.5 667.1 548.9 532.0 525.1 544.6 551.8 532.3 528.8 542.6 551.7 17

18 Foreign banking offices in U.S. 401.6 244.9 233.9 220.6 229.5 255.7 234.5 216.4 216.6 223.9 213.3 18

19 Banks in U.S.-affiliated areas 0.5 2.0 0.6 5.9 5.2 4.5 4.2 4.3 4.1 4.6 5.2 19

20 Credit unions 25.7 18.6 3.7 3.7 3.8 3.6 4.1 4.7 4.8 4.4 4.4 20

21 Property-casualty insurance companies 267.5 298.3 322.6 330.2 335.4 343.7 361.0 358.9 359.5 360.0 362.8 21

22 Life insurance companies 1817.0 1927.2 2030.2 2063.1 2081.8 2107.4 2123.6 2153.3 2124.6 2144.8 2177.6 22

23 Private pension funds 400.1 442.9 440.1 438.8 439.2 441.4 440.9 439.2 437.7 438.3 441.5 23

24 State and local govt. retirement funds 485.1 382.8 388.5 394.4 394.8 374.6 360.4 343.1 325.1 304.9 291.2 24

25 Federal government retirement funds 5.8 5.7 5.9 6.1 6.7 7.1 7.3 7.6 7.9 8.3 8.3 25

26 Money market mutual funds 228.0 169.9 154.2 154.9 154.4 107.1 105.1 102.9 97.3 93.0 102.1 26

27 Mutual funds 956.2 1120.7 1243.0 1284.3 1330.4 1371.0 1413.4 1489.9 1550.0 1633.4 1726.5 27

28 Closed-end funds 49.4 55.5 59.6 62.0 61.6 58.7 57.7 59.7 60.6 63.2 65.5 28

29 Exchange-traded funds 27.7 55.4 74.1 79.9 86.6 95.1 107.7 123.4 135.7 147.1 155.3 29

30 Government-sponsored enterprises 386.6 310.8 293.9 284.7 270.0 264.3 260.5 253.9 227.1 221.2 214.2 30

31 Finance companies 192.4 198.6 83.9 84.2 85.9 88.4 84.8 84.7 86.7 85.1 78.5 31

32 REITs 11.7 15.5 20.8 24.6 26.2 27.1 22.1 25.6 27.6 30.6 32.2 32

33 Brokers and dealers 123.8 154.4 189.5 202.4 187.4 133.7 104.5 149.3 130.8 139.3 147.0 33

34 Holding companies 35.8 31.1 38.3 40.5 40.6 22.0 18.3 84.6 94.3 86.0 79.9 34

35 Funding corporations 667.3 710.2 760.1 741.5 750.4 784.5 792.4 848.4 905.4 902.7 921.9 35

(1) Holdings of foreign issues by U.S. residents.

(2) Holdings of U.S. issues by foreign residents.

(3) Liabilities net of assets.
Z.1, March 7, 2013 101

L.213 Corporate Equities (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Issues at market value 15640.5 20085.5 23370.8 24992.3 25009.2 20980.4 22737.3 25488.2 24362.7 25718.1 25905.9 1

 2 Nonfinancial corporate business 10016.6 12512.2 14441.8 15440.0 15368.9 13054.2 14508.5 16161.5 15612.9 16409.3 16199.4 2

 3 Rest of the world (2) 2748.4 3995.3 4646.9 4975.3 5100.2 4202.5 4158.2 4591.0 4230.1 4512.5 4745.7 3

 4 Financial corporations 2875.4 3578.1 4282.1 4577.0 4540.1 3723.7 4070.5 4735.7 4519.8 4796.3 4960.9 4

 5 Holdings at market value 15640.5 20085.5 23370.8 24992.3 25009.2 20980.4 22737.3 25488.2 24362.7 25718.1 25905.9 5

 6 Household sector 5735.0 7329.8 8701.3 9499.7 9592.9 8047.8 8850.1 9898.3 9243.7 9613.8 9770.5 6

 7 State and local governments 60.5 80.7 77.7 75.8 74.0 72.7 72.0 71.5 70.8 69.9 67.9 7

 8 Federal government 188.7 67.4 49.9 62.1 66.0 59.3 57.8 48.2 43.6 41.2 39.9 8

 9 Rest of the world (3) 1807.1 2476.7 2962.0 3161.5 3165.2 2730.6 2783.0 3125.0 3251.0 3513.2 3513.6 9

10 Monetary authority 0.0 25.1 26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 U.S.-chartered depository institutions 33.8 63.6 73.6 78.0 80.9 58.7 67.4 80.4 75.0 83.4 87.5 11

12 Foreign banking offices in U.S. 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Property-casualty insurance companies 193.3 219.8 219.2 222.7 220.2 203.4 224.4 248.9 244.4 257.9 256.4 13

14 Life insurance companies 1001.7 1208.5 1402.6 1490.0 1496.1 1322.2 1390.2 1501.0 1446.7 1528.4 1533.8 14

15 Private pension funds 1599.7 1835.7 2081.1 2185.3 2164.7 1815.5 2005.1 2245.6 2149.1 2258.3 2217.7 15

16 State and local govt. retirement funds 1267.2 1617.8 1778.2 1839.4 1780.1 1499.1 1662.2 1867.6 1793.1 1885.0 1861.6 16

17 Federal government retirement funds 83.7 116.8 140.9 148.9 149.4 121.0 134.4 153.1 146.3 153.3 152.7 17

18 Mutual funds 3014.1 4136.2 4762.7 5087.0 5067.4 4073.8 4427.2 5044.0 4744.2 5037.8 5082.9 18

19 Closed-end funds 72.5 88.1 97.4 101.1 101.6 95.7 96.5 98.0 96.8 101.0 101.5 19

20 Exchange-traded funds 474.0 670.0 854.1 909.1 919.5 783.0 863.8 990.4 944.5 1047.1 1093.3 20

21 Brokers and dealers 109.2 124.2 117.2 131.7 131.2 97.7 103.2 116.3 113.5 127.9 126.7 21

22 Funding corporations 0.0 25.1 26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 Memo:

23 Market value of domestic corporations (4) 12009.3 14899.4 17335.9 18574.5 18455.6 15539.3 17223.8 19363.2 18658.5 19588.4 19494.9 23

(1) Excludes mutual fund shares shown on table L.214.

(2) Holdings of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).

(3) Holdings of U.S. issues by foreign residents.

(4) Sum of lines 2 and 4 less the sum of lines 11, 12, 13, 19, 20, 21, and 22; line 1 excludes intercorporate holdings of nonfinancial corporations.

L.214 Mutual Fund Shares (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Shares at market value 5388.0 6920.7 7873.0 8402.1 8503.7 7449.5 7870.9 8797.4 8653.4 9131.0 9283.6 1

 2 Holdings at market value 5388.0 6920.7 7873.0 8402.1 8503.7 7449.5 7870.9 8797.4 8653.4 9131.0 9283.6 2

 3 Household sector 3310.4 4141.2 4581.7 4932.0 4999.9 4359.0 4384.2 4952.7 4860.9 5196.8 5300.9 3

 4 Nonfinancial corporate business 106.2 161.9 186.6 190.3 186.7 162.8 167.5 177.8 169.0 172.4 170.8 4

 5 State and local governments 36.1 37.5 38.6 38.4 38.1 37.4 37.1 36.8 36.5 36.0 35.0 5

 6 Rest of the world 255.6 364.1 513.8 569.4 599.8 525.5 735.4 843.6 886.6 908.0 936.5 6

 7 U.S.-chartered depository institutions 19.6 46.1 45.0 47.1 45.0 36.6 41.7 46.7 47.3 52.8 59.2 7

 8 Credit unions 2.0 1.3 1.5 1.7 1.8 1.8 1.8 2.0 2.0 2.1 2.1 8

 9 Property-casualty insurance companies 4.4 5.3 5.7 5.8 5.8 5.2 5.5 5.7 5.5 5.7 5.7 9

10 Life insurance companies 121.0 140.8 155.7 158.7 158.5 142.9 150.1 159.1 153.2 159.3 159.3 10

11 Private pension funds 1366.0 1817.3 2121.1 2230.7 2250.6 1995.1 2144.6 2344.7 2273.2 2367.5 2386.6 11

12 State and local govt. retirement funds 166.7 205.2 223.2 228.1 217.5 183.2 203.1 228.2 219.1 230.3 227.5 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
102 Z.1, March 7, 2013

L.215 Depository Institution Loans Not Elsewhere Classified (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 2750.0 2021.7 1954.3 1944.6 1972.1 2023.9 2086.8 2101.9 2150.2 2178.0 2252.2 1

 2 Household sector 26.4 10.2 61.0 45.3 -1.0 -9.8 12.4 34.8 88.0 23.1 69.9 2

 3 Corporate business 780.0 546.0 480.9 484.1 492.4 516.9 549.8 542.4 566.2 574.8 605.3 3

 4 Noncorporate business 1046.1 944.1 923.7 928.0 944.2 961.6 980.4 1008.5 1031.5 1047.7 1075.7 4

 5 Rest of the world 107.9 96.8 115.1 127.1 130.5 140.9 144.3 153.6 164.8 167.0 166.5 5

 6 Foreign official institutions 2.6 3.2 4.3 4.2 3.2 3.1 2.6 2.5 2.2 2.1 2.0 6

 7 Foreign banks 33.0 27.9 39.7 45.7 49.1 53.0 51.0 51.6 54.4 50.8 49.2 7

 8 Other foreign 72.4 65.8 71.2 77.1 78.2 84.8 90.7 99.5 108.3 114.2 115.3 8

 9 Financial sectors 789.5 424.7 373.7 360.1 406.0 414.2 399.9 362.6 299.7 365.3 335.0 9

10 Finance companies 174.9 144.5 91.5 93.8 89.4 98.3 102.1 97.5 103.5 115.8 118.5 10

11 REITs 32.8 20.7 18.5 16.2 15.6 20.4 22.1 18.6 20.5 19.6 19.7 11

12 Brokers and dealers 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Holding companies 91.3 164.2 190.3 200.1 258.4 264.4 254.3 234.5 175.7 229.8 196.8 13

14 Funding corporations 444.9 95.3 73.4 49.9 42.5 31.0 21.5 11.9 0.0 0.0 0.0 14

15 Total assets 2750.0 2021.7 1954.3 1944.6 1972.1 2023.9 2086.8 2101.9 2150.2 2178.0 2252.2 15

16 Monetary authority (2) 490.4 142.8 98.1 69.1 55.3 42.3 30.5 19.0 4.5 1.5 0.6 16

17 U.S.-chartered depository institutions 1675.8 1419.6 1412.9 1415.5 1445.0 1501.0 1569.2 1596.2 1666.4 1698.4 1772.5 17

18 Foreign banking offices in U.S. 531.9 406.5 390.4 405.7 416.7 424.7 426.6 427.2 419.3 415.7 417.7 18

19 Banks in U.S.-affiliated areas 19.7 19.4 16.1 16.0 16.0 16.6 17.1 17.2 17.3 17.6 18.1 19

20 Credit unions 32.1 33.4 36.9 38.3 39.2 39.2 43.5 42.2 42.6 44.7 43.3 20

(1) Excludes depository institution lending in the form of open market paper, mortgages, consumer credit, and security credit which are shown on other instrument tables.

(2) Loans from Federal Reserve banks to households, rest of the world, broker and dealers, and funding corporations. See loan details on table L.108.
Z.1, March 7, 2013 103

L.216 Other Loans and Advances

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total other loans and advances 2610.2 2098.1 1797.8 1767.0 1781.5 1784.4 1810.4 1773.9 1794.0 1837.4 1821.4 1

 2 U.S. government loans 111.3 177.4 180.9 183.1 180.2 181.9 185.8 188.9 191.0 190.0 190.1 2

 3 Liab.: Household sector 12.8 12.6 11.6 11.6 11.4 11.4 11.2 10.9 11.0 11.0 11.0 3

 4 Nonfinancial corporate business 15.3 74.9 70.6 71.9 67.8 68.6 70.1 71.7 73.3 74.2 75.3 4

 5 Nonfinancial noncorporate business 48.9 52.4 53.0 53.6 54.7 55.1 55.9 55.9 56.5 56.6 56.4 5

 6 State and local governments 12.7 13.5 14.4 14.5 14.7 15.0 15.3 15.4 15.7 15.6 15.5 6

 7 Rest of the world 21.6 21.9 22.1 22.2 21.9 22.0 23.5 25.4 25.5 26.6 28.8 7

 8 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Funding corporations 0.0 2.0 9.2 9.3 9.7 9.8 9.8 9.5 8.9 6.1 3.0 10

11 Foreign loans to U.S. corporate business 207.3 182.5 160.4 167.1 185.3 207.6 202.6 176.0 170.4 165.5 146.9 11

12 Liab.: Nonfinancial corporate business 207.3 182.5 160.4 167.1 185.3 207.6 202.6 176.0 170.4 165.5 146.9 12

 Customers’ liability on acceptances outstanding

13 Asset: U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Holding company loans 8.2 14.6 18.9 26.9 24.2 24.8 22.9 53.1 53.2 107.8 105.4 17

18 Liab.: Nonfinancial corporate business 8.2 14.6 18.9 26.9 24.2 24.8 22.9 51.8 51.0 103.2 99.3 18

19 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.3 2.3 4.7 6.1 19

20 Policy loans (Household liability) 120.4 121.1 124.5 124.8 125.5 126.4 126.9 126.9 126.6 127.2 127.7 20

21 Asset: Federal government 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.4 0.4 0.4 0.4 21

22 Life insurance companies 119.8 120.6 124.0 124.3 125.0 125.9 126.5 126.4 126.2 126.8 127.2 22

23 Government-sponsored enterprise loans (1) 980.7 695.9 551.3 522.8 500.2 479.8 487.0 467.3 491.3 487.6 490.4 23

24 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Nonfinancial corporate business (FCS) 5.8 5.3 6.9 8.1 6.8 5.7 6.0 7.3 6.6 6.7 6.9 25

26 Nonfinancial noncorporate business (FCS) 74.5 74.7 80.3 81.5 78.3 75.3 77.7 79.3 80.4 82.5 85.2 26

27 U.S.-chartered dep. inst. (FHLB & SLMA) 805.0 541.1 392.8 364.0 346.1 328.7 332.3 309.3 328.2 321.6 321.6 27

28 Credit unions (FHLB) 40.6 26.5 26.1 23.7 22.8 23.7 24.2 22.9 23.7 24.4 24.4 28

29 Life insurance companies (FHLB) 54.9 48.3 45.1 45.5 46.2 46.4 46.8 48.5 52.4 52.4 52.4 29

30 Securitized loans held by ABS issuers 78.1 54.4 4.0 0.3 0.1 0.1 0.1 0.1 0.1 3.2 1.8 30

31 Liab.: Nonfinancial corporate business 78.1 54.4 4.0 0.3 0.1 0.1 0.1 0.1 0.1 3.2 1.8 31

32 Finance company loans to business 539.9 448.9 407.7 406.3 394.7 395.4 410.0 410.2 410.4 412.6 421.8 32

33 Liab.: Nonfinancial corporate business 485.9 404.0 366.9 365.7 355.3 355.9 369.0 369.2 369.3 371.3 379.6 33

34 Nonfinancial noncorporate business 54.0 44.9 40.8 40.6 39.5 39.5 41.0 41.0 41.0 41.3 42.2 34

35 Loans to nonfinancial corporate business (2) 564.3 403.4 350.2 335.7 371.3 368.3 375.1 351.6 351.1 343.4 337.4 35

36 Asset: Household sector 29.7 26.8 26.2 25.2 25.7 25.5 23.4 26.5 23.2 23.1 24.1 36

37 Life insurance companies 46.3 20.4 16.7 15.4 17.3 20.6 22.2 20.2 21.5 22.0 22.3 37

38 Mutual funds 94.8 75.4 74.6 86.7 99.7 95.3 93.5 94.2 99.2 100.6 102.1 38

39 ABS issuers 301.7 197.8 163.8 144.1 161.6 156.2 162.3 166.8 161.9 153.9 146.9 39

40 Brokers and dealers 55.9 60.1 47.4 45.9 48.0 54.4 54.3 30.6 32.8 31.9 32.6 40

41 Funding corporations 35.9 22.9 21.4 18.3 19.0 16.4 19.4 13.2 12.4 11.9 9.4 41

(1) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Syndicated loans from domestic entities, excluding depository institutions and finance companies which are included elsewhere.
104 Z.1, March 7, 2013

L.217 Total Mortgages

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total mortgages 14637.4 14345.6 13724.7 13629.9 13538.7 13455.8 13396.8 13288.9 13223.2 13120.2 13137.4 1

 2 Home 11092.7 10887.8 10421.0 10346.3 10280.3 10222.0 10165.6 10079.0 10020.5 9930.6 9923.6 2

 3 Multifamily residential 841.2 847.7 837.8 837.1 836.6 837.6 842.8 841.7 847.8 855.8 866.4 3

 4 Commercial 2568.7 2478.8 2324.7 2304.1 2278.1 2251.4 2242.3 2221.0 2206.4 2184.1 2196.4 4

 5 Farm 134.7 131.3 141.2 142.4 143.6 144.9 146.1 147.2 148.5 149.7 151.0 5

 6 Total liabilities 14637.4 14345.6 13724.7 13629.9 13538.7 13455.8 13396.8 13288.9 13223.2 13120.2 13137.4 6

 7 Household sector 10720.0 10562.1 10071.8 10003.8 9943.4 9888.5 9836.1 9752.5 9695.2 9606.9 9602.1 7

 8 Nonfinancial business 3753.9 3616.7 3485.8 3457.2 3421.8 3392.8 3384.5 3357.7 3343.0 3325.3 3347.4 8

 9 Corporate 883.9 759.5 643.6 629.9 609.1 592.0 588.0 583.2 577.7 568.3 576.0 9

10 Noncorporate 2869.9 2857.2 2842.2 2827.3 2812.7 2800.7 2796.5 2774.4 2765.3 2757.0 2771.4 10

11 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 REITs 163.5 166.9 167.1 168.9 173.5 174.5 176.2 178.8 185.0 188.0 187.9 12

13 Total assets 14637.4 14345.6 13724.7 13629.9 13538.7 13455.8 13396.8 13288.9 13223.2 13120.2 13137.4 13

14 Household sector 111.1 101.4 90.2 87.8 84.6 82.8 79.5 75.3 71.4 67.8 64.2 14

15 Nonfinancial corporate business 33.6 29.5 28.0 27.6 27.2 26.8 26.4 26.0 25.6 25.2 24.9 15

16 Nonfinancial noncorporate business 39.1 37.9 42.1 42.2 42.3 42.4 42.5 42.6 42.7 42.7 43.1 16

17 State and local governments 167.9 172.1 167.7 167.2 165.4 162.3 160.8 159.5 158.1 157.0 153.4 17

18 Federal government 95.8 108.4 106.6 107.8 109.3 109.3 110.6 111.7 112.2 112.0 112.2 18

19 U.S.-chartered depository institutions 4615.2 4371.9 4194.9 4082.5 4045.9 4038.2 4049.6 3984.5 3986.4 3944.6 3997.5 19

20 Foreign banking offices in U.S. 44.2 37.8 35.4 33.8 33.0 33.7 32.8 31.2 31.2 31.2 30.9 20

21 Banks in U.S.-affiliated areas 42.6 42.3 35.8 34.8 33.9 33.4 33.4 32.9 32.4 32.0 34.9 21

22 Credit unions 312.2 316.9 317.0 316.8 317.8 318.9 320.5 321.6 324.0 326.4 326.2 22

23 Property-casualty insurance companies 5.0 4.4 4.1 4.1 4.3 4.6 4.9 5.2 5.4 5.5 5.5 23

24 Life insurance companies 342.4 326.1 317.5 318.2 322.8 328.6 332.5 336.7 340.5 343.5 346.5 24

25 Private pension funds 11.1 13.6 15.5 15.0 14.8 14.2 15.0 14.8 14.7 14.6 14.6 25

26 State and local govt. retirement funds 15.1 11.4 10.9 11.2 11.4 11.4 11.4 11.2 11.1 10.9 10.7 26

27 Government-sponsored enterprises (1) 705.3 707.7 5021.0 5054.6 5018.4 4964.6 4924.0 4922.8 4870.2 4844.5 4822.1 27

28 Agency- and GSE-backed mortgage pools 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 1439.9 28

29 ABS issuers 2611.2 2241.7 1913.2 1859.7 1798.2 1747.1 1694.5 1635.4 1583.8 1520.3 1484.4 29

30 Finance companies 447.9 397.4 243.6 236.9 228.0 218.0 211.5 206.7 192.7 188.5 180.8 30

31 REITs 76.3 48.3 41.9 42.7 45.3 42.3 42.1 40.9 43.6 45.4 45.5 31
Z.1, March 7, 2013 105

L.218 Home Mortgages (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 11092.7 10887.8 10421.0 10346.3 10280.3 10222.0 10165.6 10079.0 10020.5 9930.6 9923.6 1

 2 Household sector 10519.1 10368.1 9889.8 9823.6 9765.2 9712.4 9660.7 9578.8 9522.6 9436.0 9430.5 2

 3 Nonfinancial corporate business 32.7 20.3 13.6 12.4 11.4 10.7 10.2 9.9 9.9 9.9 9.7 3

 4 Nonfinancial noncorporate business 540.9 499.4 517.6 510.3 503.7 498.8 494.7 490.3 488.0 484.6 483.4 4

 5 Total assets 11092.7 10887.8 10421.0 10346.3 10280.3 10222.0 10165.6 10079.0 10020.5 9930.6 9923.6 5

 6 Household sector 91.2 83.2 75.2 73.2 71.2 69.2 67.2 65.2 63.2 61.2 59.2 6

 7 Nonfinancial corporate business 20.2 17.7 16.8 16.5 16.3 16.1 15.8 15.6 15.4 15.1 14.9 7

 8 Nonfinancial noncorporate business 14.3 13.9 15.4 15.4 15.5 15.5 15.5 15.6 15.6 15.6 15.8 8

 9 State and local governments 86.1 88.3 85.4 85.1 84.2 82.6 81.8 81.2 80.4 79.9 78.2 9

10 Federal government 16.4 22.1 23.9 24.3 24.9 24.5 24.8 25.5 25.7 25.3 25.9 10

11 U.S.-chartered depository institutions 2883.6 2686.6 2612.0 2525.2 2506.7 2518.1 2534.9 2481.8 2490.6 2454.2 2487.9 11

12 Foreign banking offices in U.S. 7.0 0.9 1.1 1.1 1.1 1.3 1.3 1.4 1.3 1.6 1.8 12

13 Banks in U.S.-affiliated areas 22.9 22.6 20.1 18.8 18.2 17.9 17.8 17.5 17.3 17.0 20.0 13

14 Credit unions 312.2 316.9 317.0 316.8 317.8 318.9 320.5 321.6 324.0 326.4 326.2 14

15 Life insurance companies 8.6 6.4 5.6 5.6 5.9 6.2 6.4 6.5 6.7 6.8 6.9 15

16 Private pension funds 1.3 2.0 1.9 1.7 1.7 1.6 1.6 1.7 1.9 2.2 2.5 16

17 State and local govt. retirement funds 5.4 4.1 3.9 4.0 4.1 4.1 4.1 4.0 4.0 3.9 3.9 17

18 Government-sponsored enterprises 456.6 445.3 4699.3 4732.3 4696.7 4640.2 4595.8 4591.6 4539.0 4508.3 4486.6 18

19 Agency- and GSE-backed mortgage pools 4864.0 5266.5 1068.8 1112.5 1155.7 1194.5 1216.8 1237.2 1276.2 1301.7 1324.6 19

20 ABS issuers 1893.2 1571.0 1296.2 1241.5 1192.5 1148.0 1103.3 1057.9 1010.5 964.2 923.8 20

21 Finance companies 375.4 327.7 169.5 163.3 159.0 155.2 149.7 146.1 137.2 134.9 133.2 21

22 REITs 34.3 12.6 8.9 9.0 9.0 8.1 8.1 8.6 11.7 12.3 12.2 22

 Memo:

23 Home equity loans included above (2) 1115.7 1033.2 928.4 905.0 884.7 869.0 853.4 831.3 812.3 790.2 769.4 23

24 U.S.-chartered depository institutions 894.7 841.4 783.3 764.4 747.8 735.0 723.1 705.1 690.2 670.7 652.7 24

25 Foreign banking offices in U.S. 0.8 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.2 25

26 Credit unions 98.7 94.6 88.2 86.6 84.9 83.8 82.2 79.8 78.3 77.2 75.4 26

27 ABS issuers 46.4 31.4 22.7 21.1 19.9 18.9 17.9 16.9 16.1 15.1 14.3 27

28 Finance companies 75.1 65.5 33.9 32.7 31.8 31.0 29.9 29.2 27.4 27.0 26.6 28

(1) Mortgages on 1-4 family properties including mortages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

L.219 Multifamily Residential Mortgages

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total liabilities 841.2 847.7 837.8 837.1 836.6 837.6 842.8 841.7 847.8 855.8 866.4 1

 2 Nonfinancial corporate business 40.8 41.0 40.5 40.5 40.5 40.5 40.8 40.7 41.1 41.5 42.0 2

 3 Nonfinancial noncorporate business 775.4 779.8 769.6 769.5 769.0 769.7 774.4 774.0 780.2 788.0 798.1 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 25.1 26.8 27.7 27.1 27.2 27.4 27.6 27.0 26.5 26.3 26.3 5

 6 Total assets 841.2 847.7 837.8 837.1 836.6 837.6 842.8 841.7 847.8 855.8 866.4 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 8

 9 Nonfinancial noncorporate business 13.3 12.9 14.3 14.4 14.4 14.4 14.5 14.5 14.5 14.6 14.7 9

10 State and local governments 67.5 69.3 67.5 67.5 66.7 65.5 64.9 64.4 63.8 63.4 61.9 10

11 Federal government 14.5 14.7 14.4 14.3 14.1 14.1 14.1 14.1 13.9 13.7 13.8 11

12 U.S.-chartered depository institutions 276.0 267.0 254.9 251.5 250.3 248.7 248.3 244.7 246.4 248.2 253.3 12

13 Foreign banking offices in U.S. 4.3 4.0 3.5 3.5 3.2 2.9 2.9 1.5 1.4 1.4 1.4 13

14 Life insurance companies 51.8 48.5 47.2 47.3 47.9 48.8 49.4 50.0 50.6 51.0 51.4 14

15 Private pension funds 2.4 2.7 3.1 3.1 2.9 2.7 2.9 2.9 3.1 3.4 3.8 15

16 State and local govt. retirement funds 4.5 3.4 3.3 3.3 3.4 3.4 3.4 3.4 3.3 3.3 3.2 16

17 Government-sponsored enterprises 190.2 204.4 256.5 256.1 254.6 256.4 259.2 261.3 260.4 264.6 263.0 17

18 Agency- and GSE-backed mortgage pools 92.8 105.7 66.9 71.3 77.1 81.1 86.4 91.1 99.1 104.3 113.4 18

19 ABS issuers 113.2 107.4 98.7 98.0 95.4 93.5 91.1 88.3 85.8 82.8 81.6 19

20 Finance companies 5.8 5.1 5.1 4.6 4.2 3.9 3.6 3.5 3.3 3.1 2.8 20

21 REITs 4.3 2.3 1.9 1.8 1.8 1.8 1.7 1.7 1.7 1.7 1.7 21
106 Z.1, March 7, 2013

L.220 Commercial Mortgages

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 2568.7 2478.8 2324.7 2304.1 2278.1 2251.4 2242.3 2221.0 2206.4 2184.1 2196.4 1

 2 Household sector 200.9 194.0 182.0 180.2 178.2 176.1 175.4 173.7 172.6 170.8 171.6 2

 3 Nonfinancial corporate business 781.6 668.5 556.5 543.3 522.9 505.9 501.6 496.4 489.9 479.4 486.1 3

 4 Nonfinancial noncorporate business 1447.7 1476.2 1446.9 1438.7 1430.7 1422.2 1416.8 1399.1 1385.4 1372.1 1377.1 4

 5 REITs 138.4 140.1 139.4 141.8 146.3 147.1 148.6 151.8 158.5 161.8 161.6 5

 6 Total assets 2568.7 2478.8 2324.7 2304.1 2278.1 2251.4 2242.3 2221.0 2206.4 2184.1 2196.4 6

 7 Household sector 20.0 19.2 16.7 15.8 14.8 13.6 12.4 11.0 9.6 8.0 6.3 7

 8 Nonfinancial corporate business 13.0 11.4 10.8 10.6 10.5 10.3 10.2 10.0 9.9 9.7 9.6 8

 9 Nonfinancial noncorporate business 10.7 10.4 11.5 11.6 11.6 11.6 11.6 11.7 11.7 11.7 11.8 9

10 State and local governments 13.5 13.9 14.1 13.9 13.8 13.5 13.4 13.3 13.2 13.0 12.6 10

11 Federal government 61.4 67.8 64.1 64.9 66.0 66.3 67.2 67.6 68.0 68.4 67.9 11

12 U.S.-chartered depository institutions 1404.2 1367.4 1273.2 1250.7 1233.6 1215.8 1210.3 1201.1 1192.2 1184.8 1198.5 12

13 Foreign banking offices in U.S. 32.8 32.9 30.8 29.2 28.7 29.5 28.5 28.2 28.4 28.1 27.6 13

14 Banks in U.S.-affiliated areas 19.7 19.6 15.7 16.1 15.7 15.4 15.6 15.4 15.1 14.9 14.9 14

15 Property-casualty insurance companies 5.0 4.4 4.1 4.1 4.3 4.6 4.9 5.2 5.4 5.5 5.5 15

16 Life insurance companies 267.1 257.7 251.3 252.0 255.6 260.2 263.2 266.5 269.6 271.9 274.4 16

17 Private pension funds 7.4 8.9 10.4 10.2 10.2 9.9 10.5 10.2 9.7 9.1 8.3 17

18 State and local govt. retirement funds 5.1 3.9 3.7 3.8 3.9 3.9 3.9 3.8 3.8 3.7 3.6 18

19 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 ABS issuers 604.7 563.3 518.3 520.2 510.2 505.6 500.2 489.2 487.5 473.3 479.0 20

21 Finance companies 66.6 64.6 68.9 69.0 64.8 58.8 58.2 57.1 52.2 50.6 44.7 21

22 REITs 37.7 33.4 31.2 31.9 34.5 32.4 32.3 30.6 30.2 31.4 31.6 22

L.221 Farm Mortgages (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total liabilities 134.7 131.3 141.2 142.4 143.6 144.9 146.1 147.2 148.5 149.7 151.0 1

 2 Nonfinancial corporate business 28.8 29.6 33.1 33.7 34.3 34.9 35.5 36.1 36.8 37.5 38.2 2

 3 Nonfinancial noncorporate business 105.9 101.7 108.1 108.7 109.3 110.0 110.6 111.1 111.7 112.2 112.8 3

 4 Total assets 134.7 131.3 141.2 142.4 143.6 144.9 146.1 147.2 148.5 149.7 151.0 4

 5 Household sector -0.0 -1.0 -1.7 -1.2 -1.4 0.0 -0.1 -0.9 -1.4 -1.3 -1.3 5

 6 Nonfinancial noncorporate business 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.9 0.9 0.9 0.9 6

 7 State and local governments 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 7

 8 Federal government 3.5 3.9 4.3 4.2 4.3 4.4 4.5 4.6 4.6 4.6 4.6 8

 9 U.S.-chartered depository institutions 51.5 51.0 54.8 55.1 55.3 55.7 56.0 56.9 57.2 57.5 57.8 9

10 Foreign banking offices in U.S. 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Life insurance companies 15.0 13.5 13.3 13.3 13.4 13.5 13.5 13.6 13.7 13.7 13.8 11

12 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Government-sponsored enterprises 58.5 58.0 65.2 66.2 67.2 68.0 69.0 69.8 70.8 71.6 72.5 13

14 Agency- and GSE-backed mortgage pools 4.7 4.5 3.8 3.2 3.2 1.7 1.7 1.6 2.0 2.0 1.9 14

(1) Excludes mortgages on farm houses.
Z.1, March 7, 2013 107

L.222 Consumer Credit

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities (Households) 2548.9 2438.7 2541.6 2509.0 2530.8 2574.7 2627.4 2615.1 2658.0 2718.6 2779.2 1

 2 Total assets 2548.9 2438.7 2541.6 2509.0 2530.8 2574.7 2627.4 2615.1 2658.0 2718.6 2779.2 2

 3 Nonfinancial corporate business 56.3 51.7 53.1 51.5 51.7 52.2 53.1 51.5 51.7 52.2 53.1 3

 4 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Federal government (1) 104.3 178.6 308.8 347.5 362.4 398.5 417.4 452.6 470.7 509.5 526.8 5

 6 U.S.-chartered depository institutions 965.0 906.3 1185.5 1143.6 1159.8 1163.1 1192.6 1155.7 1174.5 1186.1 1218.6 6

 7 Credit unions 236.2 237.1 226.5 218.1 220.9 223.9 223.0 223.0 231.2 236.7 243.6 7

 8 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 ABS issuers 632.9 593.2 62.8 57.2 53.0 53.5 54.8 53.8 55.6 57.8 58.2 9

10 Finance companies 554.3 471.9 705.0 691.1 683.0 683.5 686.5 678.6 674.4 676.3 678.8 10

(1) Includes loans originated by the Department of Education under the Federal Direct Loan Program, as well as Federal Family Education Loan Program loans that

 the government purchased from depository institutions and finance companies.

L.223 Trade Credit

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total trade payables 3228.0 3204.9 3430.3 3480.3 3547.2 3597.4 3659.0 3715.7 3770.3 3815.0 3854.3 1

 2 Household sector 236.7 252.7 274.1 279.1 282.6 286.0 288.2 289.8 290.5 290.5 289.7 2

 3 Nonfinancial corporate business 1672.7 1587.5 1743.2 1763.5 1822.1 1861.5 1927.3 1957.1 2002.6 2036.2 2062.3 3

 4 Nonfinancial noncorporate business 380.7 388.3 416.8 417.4 420.0 422.2 420.6 419.0 417.5 416.4 418.5 4

 5 State and local governments 592.7 632.3 672.3 682.3 692.4 702.4 712.5 722.6 732.7 742.8 752.9 5

 6 Federal government 260.8 204.6 210.8 226.4 232.5 236.4 233.1 243.1 247.0 248.7 247.9 6

 7 Rest of the world 63.2 69.3 95.1 93.1 78.3 72.7 63.0 66.9 66.5 67.3 68.7 7

 8 Brokers and dealers 21.2 70.1 18.1 18.4 19.2 16.3 14.3 17.3 13.5 13.0 14.2 8

 9 Total trade receivables 2991.9 2865.9 2986.8 3077.8 3181.9 3231.6 3188.1 3311.7 3392.6 3417.7 3349.7 9

10 Nonfinancial corporate business 2084.6 2056.0 2148.9 2238.8 2340.7 2377.8 2333.5 2449.7 2526.8 2544.2 2473.6 10

11 Nonfinancial noncorporate business 522.7 496.3 533.4 535.3 536.6 537.1 538.7 539.6 540.8 541.6 546.7 11

12 State and local governments 47.6 29.0 9.7 4.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Federal government 64.7 43.6 42.9 44.7 47.0 48.2 47.7 49.0 50.6 51.5 49.6 13

14 Rest of the world 90.1 96.7 116.3 116.2 118.3 132.3 133.5 136.9 140.0 144.5 146.2 14

15 Property-casualty insurance companies 86.7 83.0 83.8 84.4 88.2 88.7 87.2 91.1 92.0 94.5 92.4 15

16 ABS issuers 95.5 61.3 51.8 53.6 51.1 47.5 47.6 45.3 42.4 41.4 41.2 16

17 Discrepancy 236.0 339.0 443.5 402.5 365.3 365.9 470.8 404.0 377.8 397.3 504.7 17

L.224 Security Credit

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total liabilities 1128.5 1091.2 1214.8 1258.1 1323.8 1380.9 1312.6 1375.5 1410.2 1482.4 1512.4 1

 2 Household sector 164.8 203.0 278.2 315.7 312.9 251.9 238.9 267.7 244.5 269.1 303.7 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 963.6 888.2 936.6 942.3 1011.0 1128.9 1073.7 1107.8 1165.7 1213.2 1208.7 4

 5 Customer credit balances (HH) 742.7 668.6 694.3 703.3 757.7 804.9 752.4 762.3 777.7 780.2 776.0 5

 6 From U.S.-chartered depository institutions 158.6 158.0 152.3 152.1 163.2 186.9 189.6 190.8 209.8 241.8 242.9 6

 7 From foreign banking offices in U.S. 62.3 61.6 90.1 86.9 90.1 137.2 131.7 154.7 178.3 191.3 189.8 7

 8 Total assets 1128.5 1091.2 1214.8 1258.1 1323.8 1380.9 1312.6 1375.5 1410.2 1482.4 1512.4 8

 9 Household sector 742.7 668.6 694.3 703.3 757.7 804.9 752.4 762.3 777.7 780.2 776.0 9

10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 U.S.-chartered depository institutions 158.6 158.0 152.3 152.1 163.2 186.9 189.6 190.8 209.8 241.8 242.9 11

12 Foreign banking offices in U.S. 62.3 61.6 90.1 86.9 90.1 137.2 131.7 154.7 178.3 191.3 189.8 12

13 Brokers and dealers 164.8 203.0 278.2 315.7 312.9 251.9 238.9 267.7 244.5 269.1 303.7 13
108 Z.1, March 7, 2013

L.225 Life Insurance and Pension Fund Reserves

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 Life insurance reserves:

 1 Total liabilities 1179.8 1242.1 1278.3 1302.8 1317.5 1320.3 1352.0 1381.5 1370.8 1394.5 1403.5 1

 2 Federal government 46.4 47.5 48.4 48.5 48.9 49.2 49.7 49.8 50.2 50.1 50.0 2

 3 Life insurance companies 1133.4 1194.5 1229.9 1254.3 1268.6 1271.1 1302.3 1331.6 1320.6 1344.4 1353.5 3

 4 Net change in assets 1179.8 1242.1 1278.3 1302.8 1317.5 1320.3 1352.0 1381.5 1370.8 1394.5 1403.5 4

 5 Households 1049.8 1109.2 1137.2 1160.3 1174.1 1174.5 1203.6 1214.0 1201.1 1221.9 1230.6 5

 6 U.S.-chartered depository institutions 110.7 111.5 116.0 117.3 118.4 119.3 120.8 133.8 135.0 136.4 138.1 6

 7 Holding companies 19.3 21.4 25.1 25.1 25.0 26.5 27.6 33.7 34.8 36.2 34.9 7

 Pension fund reserves:

 8 Total liabilities 10513.7 11965.7 13112.0 13517.9 13403.6 12441.4 13133.2 13942.5 13624.2 14036.5 14060.7 8

 9 Life insurance companies 2184.6 2323.0 2504.7 2589.1 2611.0 2519.6 2556.6 2633.6 2579.1 2630.9 2646.1 9

10 Private pension funds (1) 4588.0 5509.7 6140.1 6370.6 6369.5 5739.8 6123.9 6604.9 6416.0 6638.7 6620.7 10

11 State and local govt. retirement funds 2518.8 2808.3 3041.8 3135.2 3082.0 2753.9 2943.0 3190.6 3112.1 3220.7 3211.6 11

12 Federal government retirement funds (2) 1222.3 1324.7 1425.4 1423.0 1341.0 1428.1 1509.6 1513.3 1517.0 1546.1 1582.3 12

13 Total assets (Households) (3) 10513.7 11965.7 13112.0 13517.9 13403.6 12441.4 13133.2 13942.5 13624.2 14036.5 14060.7 13

(1) Includes unallocated insurance company contracts beginning 1985:Q4.

(2) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(3) Excludes all individual retirement accounts (IRAs) (table L.225.i), except those at life insurance companies.

L.226 Taxes Payable by Businesses

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total taxes payable by all businesses 44.0 40.6 54.3 80.8 69.1 74.2 74.1 85.5 82.7 92.9 85.7 1

 2 Nonfinancial corporate business 39.0 35.7 42.9 60.7 50.6 59.5 50.7 62.0 58.9 59.5 50.2 2

 3 Nonfinancial noncorporate business 106.2 99.9 99.2 99.6 99.8 99.9 100.3 100.5 100.7 100.9 101.9 3

 4 U.S.-chartered depository institutions -73.6 -66.2 -59.6 -54.9 -50.3 -46.9 -49.1 -52.6 -50.3 -46.3 -47.7 4

 5 Property-casualty insurance companies -21.1 -15.8 -10.1 -7.9 -13.1 -19.4 -14.5 -8.0 -13.2 -8.7 -9.1 5

 6 Life insurance companies -24.4 -31.4 -28.8 -27.9 -29.1 -30.3 -23.6 -27.3 -23.9 -23.6 -20.4 6

 7 Finance companies 15.4 12.7 7.2 7.0 6.8 7.7 7.8 8.1 7.7 7.5 7.7 7

 8 Brokers and dealers 2.5 5.7 3.6 4.2 4.3 3.7 2.5 3.0 2.8 3.7 3.1 8

 9 Total business taxes receivable 237.3 245.0 249.0 251.3 260.0 261.2 262.8 266.0 269.5 269.1 270.4 9

10 State and local governments 117.9 111.1 104.7 104.6 110.9 109.7 110.0 111.9 114.1 112.3 112.3 10

11 Federal government 119.4 133.9 144.3 146.7 149.1 151.5 152.8 154.2 155.5 156.8 158.1 11

12 Discrepancy -193.3 -204.4 -194.7 -170.5 -190.9 -187.0 -188.8 -180.5 -186.8 -176.2 -184.7 12

L.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total household equity 7727.5 6460.7 7109.2 7277.3 7335.3 7458.2 7650.7 7705.7 7788.4 7977.7 8079.1 1

 2 Nonfinancial noncorporate business 7718.0 6448.5 7095.5 7262.3 7320.6 7445.1 7637.8 7687.9 7770.5 7959.1 8060.2 2

 3 Brokers and dealers 9.5 12.1 13.8 15.0 14.7 13.1 12.9 17.8 17.9 18.6 18.9 3
Z.1, March 7, 2013 109

L.228 Total Miscellaneous Financial Claims

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 19979.7 19891.1 20384.0 20116.9 19997.1 21294.9 20770.0 20673.3 20985.0 21000.4 20025.8 1

 2 Household sector 27.0 22.1 24.7 25.2 25.6 24.4 24.3 26.2 28.0 28.4 28.9 2

 3 Nonfinancial corporate business 3983.4 3953.9 3959.9 3855.7 3729.8 3676.1 3633.4 3554.1 3474.4 3388.7 3255.6 3

 4 Nonfinancial noncorporate business 1214.3 1248.1 1197.6 1209.1 1219.6 1228.3 1230.5 1239.6 1240.9 1241.9 1237.8 4

 5 Federal government 1183.5 1261.6 1349.4 1335.1 1242.0 1358.1 1438.3 1420.6 1429.6 1447.6 1491.6 5

 6 Rest of the world 6059.0 5959.9 6498.9 6387.2 6384.1 7378.0 6777.2 6420.3 6787.1 6665.7 5704.5 6

 7 Monetary authority 23.1 29.2 58.4 29.3 27.0 27.7 31.7 33.7 28.5 34.8 33.6 7

 8 U.S.-chartered depository institutions 1490.7 1628.3 1809.7 1847.8 1890.0 1935.1 1943.0 2033.2 2089.6 2158.9 2119.8 8

 9 Foreign banking offices in U.S. 849.4 431.3 438.7 480.7 542.4 737.6 694.2 629.8 649.4 654.3 616.5 9

10 Banks in U.S.-affiliated areas 24.9 29.2 23.3 22.9 21.6 25.0 19.4 19.1 17.9 19.2 17.4 10

11 Credit unions 4.7 19.4 11.0 11.6 12.2 11.5 12.4 13.2 13.1 14.4 12.8 11

12 Property-casualty insurance companies 811.0 819.5 831.8 832.6 844.3 850.7 869.4 889.5 894.8 890.8 904.7 12

13 Life insurance companies 905.0 985.6 1089.7 1087.0 1078.3 1080.9 1108.8 1159.3 1145.2 1182.1 1186.8 13

14 Government-sponsored enterprises 208.2 270.4 154.6 140.5 137.7 130.7 130.6 132.0 128.8 124.8 126.2 14

15 Finance companies 664.8 573.6 301.7 293.4 284.2 299.9 292.1 285.4 261.7 250.0 258.0 15

16 REITs 64.9 51.1 66.0 70.1 72.1 75.3 74.4 90.0 80.1 102.6 99.1 16

17 Brokers and dealers 441.4 450.0 483.1 473.0 490.5 456.0 473.3 500.2 463.6 472.9 471.9 17

18 Holding companies 422.9 548.0 522.0 529.8 531.6 521.5 481.1 732.6 733.5 787.4 834.0 18

19 Funding corporations 1601.3 1610.1 1563.5 1485.9 1464.1 1478.0 1535.9 1494.5 1518.7 1535.8 1626.6 19

20 Total assets 25473.9 25750.2 26557.6 26508.1 26794.4 27837.7 27992.9 28228.0 28242.0 28335.1 28639.5 20

21 Household sector 766.3 787.1 830.5 832.3 834.1 852.3 877.2 871.7 869.8 871.7 896.5 21

22 Nonfinancial corporate business 9377.9 9560.4 10117.5 10175.5 10263.7 10433.0 10773.5 10866.3 10978.1 11124.9 11416.2 22

23 Nonfinancial noncorporate business 2121.8 2040.0 2115.3 2123.4 2129.3 2131.8 2138.8 2143.3 2148.4 2152.3 2172.9 23

24 State and local governments 215.1 252.1 229.7 217.2 208.2 199.0 172.2 160.1 162.6 138.1 101.6 24

25 Federal government 110.8 145.8 141.4 141.0 142.7 143.1 143.1 140.5 141.9 141.9 142.2 25

26 Rest of the world 4282.3 4197.4 4505.0 4360.6 4504.7 5020.4 4813.3 4474.9 4319.8 4119.3 4116.7 26

27 Monetary authority 569.8 75.9 83.1 92.8 105.0 104.6 225.8 188.1 187.2 186.5 199.5 27

28 U.S.-chartered depository institutions 1199.2 1021.7 929.3 938.7 935.8 1012.8 952.6 871.8 887.9 887.6 839.8 28

29 Foreign banking offices in U.S. 259.7 143.9 148.7 182.6 252.0 374.8 371.4 300.2 350.3 338.0 343.2 29

30 Banks in U.S.-affiliated areas 11.1 6.5 11.0 10.9 11.9 16.7 11.8 11.8 15.8 13.2 10.8 30

31 Credit unions 44.3 50.6 41.9 42.8 20.5 23.4 15.0 11.8 20.8 28.6 27.4 31

32 Property-casualty insurance companies 102.6 120.6 112.3 110.1 110.7 115.7 105.9 102.3 104.8 105.9 108.2 32

33 Life insurance companies 380.1 357.6 360.3 340.1 353.3 397.6 409.3 431.2 453.6 461.7 467.6 33

34 Private pension funds 426.5 533.3 549.4 559.0 554.0 503.8 537.3 572.9 561.0 581.4 584.4 34

35 State and local govt. retirement funds 94.6 86.1 102.2 106.0 109.9 110.6 111.1 109.6 110.1 111.1 111.7 35

36 Federal government retirement funds 1015.3 1077.2 1142.9 1128.8 1042.1 1149.3 1213.7 1197.2 1203.5 1223.3 1254.1 36

37 Money market mutual funds 35.2 26.9 23.5 21.6 22.3 21.6 22.7 17.8 19.9 25.1 28.8 37

38 Mutual funds 20.0 14.9 2.9 5.5 13.4 14.4 5.7 -34.5 -50.0 -45.3 -45.3 38

39 Government-sponsored enterprises 99.1 100.3 148.6 108.8 109.2 154.0 148.5 150.1 135.9 139.6 145.6 39

40 Finance companies 51.5 77.8 83.0 77.8 74.0 97.5 91.1 89.1 76.4 69.3 60.8 40

41 REITs 54.6 46.1 53.5 59.6 62.8 64.1 66.8 75.4 79.0 82.4 88.8 41

42 Brokers and dealers 1105.7 1141.0 1025.3 1002.4 1023.0 1000.2 932.6 951.8 989.3 949.2 857.4 42

43 Holding companies 2337.0 3160.6 3129.4 3175.4 3210.2 3215.3 3165.9 3818.8 3795.6 3944.6 4015.9 43

44 Funding corporations 793.5 726.3 671.0 695.2 701.2 681.8 687.6 705.7 680.1 684.6 694.8 44

45 Discrepancy -5494.3 -5859.0 -6173.6 -6391.2 -6797.2 -6542.8 -7222.8 -7554.7 -7257.0 -7334.7 -8613.7 45
110 Z.1, March 7, 2013

L.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 3748.5 4029.5 4306.8 4419.1 4560.7 4642.9 4681.6 4806.0 4879.5 4992.6 5039.8 1

 2 Asset: Nonfinancial corporate business 3011.1 3219.1 3434.7 3544.1 3674.7 3752.0 3794.6 3908.0 3973.2 4079.3 4116.2 2

 3 U.S.-chartered depository institutions 201.5 257.6 273.9 278.1 280.5 274.5 270.9 274.7 277.4 278.6 282.0 3

 4 Property-casualty insurance companies 102.6 120.6 112.3 110.1 110.7 115.7 105.9 102.3 104.8 105.9 108.2 4

 5 Life insurance companies 25.0 28.1 44.6 44.3 45.2 46.5 54.8 55.4 55.9 55.6 56.9 5

 6 Finance companies 221.0 187.3 210.5 210.2 214.9 217.7 217.2 224.2 225.0 227.4 228.2 6

 7 Brokers and dealers 187.4 216.8 230.8 232.3 234.7 236.5 238.1 241.4 243.2 245.9 248.3 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 2050.3 1986.4 2119.9 2149.6 2203.8 2267.1 2361.1 2389.4 2434.6 2469.6 2488.0 8

 9 Nonfinancial noncorporate business 3.6 4.8 5.1 5.4 5.4 5.5 5.8 5.8 5.8 5.8 5.6 9

10 Foreign banking offices in U.S. 71.7 107.7 114.8 118.7 122.4 131.3 153.1 146.6 149.9 152.5 154.8 10

11 Property-casualty insurance companies 51.2 64.7 70.6 71.9 70.4 69.3 73.0 72.8 74.0 74.0 75.2 11

12 Life insurance companies 60.3 69.4 84.2 79.1 79.1 71.7 89.2 87.6 89.2 89.6 88.9 12

13 Finance companies 78.1 90.0 103.1 105.4 108.2 108.2 116.4 117.5 117.6 117.2 115.2 13

14 Brokers and dealers 72.1 64.4 88.5 90.4 94.6 99.0 98.1 100.3 101.1 102.9 104.5 14

15 Funding corporations 10.2 10.8 11.4 11.6 11.7 11.9 12.0 12.2 12.3 12.5 12.6 15

16 Asset: Rest of the world 2397.4 2398.2 2597.7 2631.9 2695.7 2764.0 2908.8 2932.2 2984.5 3024.1 3044.7 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 48.3 50.0 52.3 52.9 54.3 54.7 54.9 55.2 57.0 57.3 57.5 17

18 Asset: Federal government 48.3 50.0 52.3 52.9 54.3 54.7 54.9 55.2 57.0 57.3 57.5 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 21.1 25.6 26.5 26.3 26.5 26.0 26.9 27.2 27.3 27.4 27.4 19

20 Asset: U.S.-chartered depository institutions 21.1 25.6 26.5 26.3 26.5 26.0 26.9 27.2 27.3 27.4 27.4 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 51.8 51.8 49.0 48.6 44.2 43.5 43.1 42.4 41.6 41.3 41.3 21

22 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.4 0.5 0.6 0.7 0.6 0.5 0.5 0.7 0.6 0.6 0.6 22

23 Nonfinancial noncorporate (FCS) 6.4 6.3 6.7 6.7 6.8 7.0 7.0 7.1 7.0 7.1 7.1 23

24 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 U.S.-chartered depository institutions (FHLB) 39.0 39.7 36.7 36.2 32.1 31.2 30.6 29.8 29.0 28.5 28.5 25

26 Credit unions (FHLB) 2.8 2.4 2.2 2.2 2.0 2.0 2.9 2.8 2.9 2.9 2.9 26

27 Life insurance companies (FHLB) 3.2 2.9 2.9 2.9 2.7 2.7 2.1 2.1 2.1 2.1 2.1 27

 Holding company net transactions with subsidiaries:

28 Liab.: U.S.-chartered depository institutions 1370.5 1599.5 1632.8 1671.0 1674.2 1696.8 1711.9 1785.1 1825.4 1871.3 1890.2 28

29 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27.1 29.7 25.3 22.3 29

30 Life insurance companies 31.2 40.5 62.7 64.5 67.4 74.6 72.0 159.5 166.5 93.2 12.6 30

31 Finance companies 232.6 209.3 116.3 100.9 99.9 98.3 95.7 91.8 88.3 87.9 95.2 31

32 Brokers and dealers 155.2 596.1 625.2 646.8 607.7 592.0 609.5 795.9 770.6 947.1 1059.9 32

33 Rest of the world 101.5 125.1 135.6 121.9 186.2 199.3 166.3 185.6 166.1 154.0 114.7 33

34 Asset: Holding companies 1891.0 2570.3 2572.7 2605.1 2635.5 2660.9 2655.4 3045.1 3046.6 3178.7 3195.0 34

 NFC investment in finance company subsidiaries:

35 Liab.: Finance companies 80.5 71.2 61.4 73.7 73.0 71.8 69.9 67.1 64.5 64.2 69.5 35

36 Asset: Nonfinancial corporate business 80.5 71.2 61.4 73.7 73.0 71.8 69.9 67.1 64.5 64.2 69.5 36

 Funding corporations’ investment in subsidiaries:

37 Liab.: Foreign banking offices in U.S. 276.6 203.1 171.6 188.9 173.4 140.1 137.8 154.3 128.5 117.9 126.0 37

38 Brokers and dealers 516.9 523.2 499.4 506.3 527.7 541.7 549.7 551.4 551.6 566.7 568.7 38

39 Asset: Funding corporations 793.5 726.3 671.0 695.2 701.2 681.8 687.6 705.7 680.1 684.6 694.8 39

 Equity investment under Public-Private Inv. Program:

40 Liab.: Funding corporations 0.0 1.8 7.7 7.8 8.3 8.7 8.8 8.8 8.7 8.7 8.7 40

41 Asset: Households (1) 0.0 0.9 3.8 3.9 4.1 4.4 4.4 4.4 4.4 4.4 4.4 41

42 Federal government 0.0 0.9 3.8 3.9 4.1 4.4 4.4 4.4 4.4 4.4 4.4 42

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
Z.1, March 7, 2013 111

L.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 554.2 10.9 0.8 0.7 1.0 1.5 100.5 47.2 28.7 13.2 9.5 1

 2 Asset: Federal government 0.5 0.7 0.8 0.7 1.0 1.0 0.7 0.7 0.7 0.6 0.6 2

 3 Monetary authority (1) 553.7 10.3 0.1 0.0 0.0 0.5 99.8 46.5 28.0 12.6 8.9 3

 Postal Savings System deposits:

 4 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 15.5 15.9 14.4 15.0 14.1 16.3 12.6 16.8 13.0 12.5 12.5 6

 7 Asset: U.S.-chartered depository institutions 15.5 15.9 14.4 15.0 14.1 16.3 12.6 16.8 13.0 12.5 12.5 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 27.0 22.1 24.7 25.2 25.6 24.4 24.3 26.2 28.0 28.4 28.9 8

 9 Asset: Life insurance companies 27.0 22.1 24.7 25.2 25.6 24.4 24.3 26.2 28.0 28.4 28.9 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 265.2 273.6 288.4 291.2 293.8 300.4 302.8 302.6 298.6 303.2 307.9 10

11 Accident and health 182.7 192.4 207.1 208.9 213.2 219.4 222.3 221.3 216.5 220.3 224.2 11

12 Policy dividend accumulation 40.4 39.2 39.7 39.9 38.6 38.5 37.9 38.1 38.5 38.8 39.2 12

13 Contract claims 42.1 42.0 41.6 42.4 41.9 42.6 42.6 43.2 43.7 44.1 44.5 13

14 Asset: Household sector 265.2 273.6 288.4 291.2 293.8 300.4 302.8 302.6 298.6 303.2 307.9 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 759.9 754.8 761.2 760.7 773.9 781.4 796.4 789.6 791.1 791.5 807.2 15

16 Asset: Household sector 337.3 332.2 335.4 334.4 339.7 342.0 348.6 344.4 343.7 342.7 349.5 16

17 Nonfinancial corporate business 311.1 310.2 313.2 313.3 319.0 322.4 328.7 326.4 327.5 328.1 334.8 17

18 Nonfinancial noncorporate business 111.5 112.4 112.6 113.0 115.2 116.9 119.0 118.8 119.9 120.7 122.9 18

 Unallocated insurance company contracts:

19 Liab.: Life insurance companies 317.6 412.8 457.5 471.6 471.0 420.9 451.3 487.3 472.1 491.0 491.1 19

20 Asset: Private pension funds 317.6 412.8 457.5 471.6 471.0 420.9 451.3 487.3 472.1 491.0 491.1 20

 Pension fund contributions payable:

21 Liab.: Nonfinancial corporate business 47.9 50.5 49.2 49.0 49.0 49.1 49.4 49.7 50.0 50.3 50.6 21

22 Asset: Private pension funds 47.9 50.5 49.2 49.0 49.0 49.1 49.4 49.7 50.0 50.3 50.6 22

 Securities borrowed (net):

23 Liab.: Funding corporations 887.0 856.8 733.4 709.4 727.6 726.7 658.7 651.5 706.5 656.9 579.5 23

24 Asset: Brokers and dealers 887.0 856.8 733.4 709.4 727.6 726.7 658.7 651.5 706.5 656.9 579.5 24

 Nonmarketable government securities:

25 Liab.: Federal government 1015.3 1077.2 1142.9 1128.8 1042.1 1149.3 1213.7 1197.2 1203.5 1223.3 1254.1 25

26 Asset: Federal government retirement funds 1015.3 1077.2 1142.9 1128.8 1042.1 1149.3 1213.7 1197.2 1203.5 1223.3 1254.1 26

 Retiree health care funds (2):

27 Liab.: Federal government 163.8 180.4 202.9 202.8 196.5 205.4 221.4 220.3 223.1 221.5 234.8 27

28 Asset: Household sector 163.8 180.4 202.9 202.8 196.5 205.4 221.4 220.3 223.1 221.5 234.8 28

(1) Reciprocal currency arrangements (swap lines) with foreign central banks.

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.
112 Z.1, March 7, 2013

L.231 Unidentified Miscellaneous Financial Claims

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 6894.2 6311.4 6363.4 5901.8 5603.2 6665.0 5802.2 5195.2 5380.5 5129.8 4071.1 1

 2 Nonfinancial corporate business 1885.2 1917.0 1790.8 1657.2 1477.0 1359.9 1223.0 1115.0 989.8 868.8 717.1 2

 3 Nonfinancial noncorporate business 1210.7 1243.3 1192.4 1203.7 1214.2 1222.8 1224.7 1233.8 1235.2 1236.1 1232.1 3

 4 Federal government 4.3 4.0 3.6 3.5 3.4 3.3 3.2 3.1 3.0 2.9 2.8 4

 5 Rest of the world 1606.4 1744.5 2003.3 1792.7 1581.8 2479.5 1774.0 1326.3 1655.9 1448.6 483.0 5

 6 Monetary authority 2.1 3.6 31.9 3.1 0.5 1.7 4.8 6.5 1.1 7.5 6.3 6

 7 U.S.-chartered depository institutions 120.2 28.8 176.8 176.8 215.8 238.3 231.1 248.1 264.2 287.6 229.6 7

 8 Foreign banking offices in U.S. 501.1 120.5 152.4 173.1 246.5 466.2 403.3 328.9 371.0 383.9 335.7 8

 9 Banks in U.S.-affiliated areas 24.9 29.2 23.3 22.9 21.6 25.0 19.4 19.1 17.9 19.2 17.4 9

10 Credit unions 4.7 19.4 11.0 11.6 12.2 11.5 12.4 13.2 13.1 14.4 12.8 10

11 Life insurance companies 230.8 189.3 196.9 180.5 167.1 213.3 193.4 122.2 118.9 205.1 286.3 11

12 Government-sponsored enterprises 141.0 202.8 91.2 76.8 79.4 71.0 74.9 72.8 74.1 71.1 72.4 12

13 Finance companies 273.7 203.1 20.9 13.4 3.0 21.7 10.2 9.0 -8.6 -19.3 -21.9 13

14 REITs 64.9 51.1 66.0 70.1 72.1 75.3 74.4 90.0 80.1 102.6 99.1 14

15 Brokers and dealers -302.8 -733.7 -730.1 -770.4 -739.6 -776.7 -784.1 -947.4 -959.8 -1143.8 -1261.3 15

16 Holding companies 422.9 548.0 522.0 529.8 531.6 521.5 481.1 732.6 733.5 787.4 834.0 16

17 Funding corporations 704.1 740.7 811.0 757.0 716.4 730.7 856.4 822.0 791.2 857.7 1025.7 17

18 Total assets 12388.4 12170.4 12537.1 12293.0 12400.5 13207.8 13025.0 12749.9 12637.5 12464.5 12684.8 18

19 Nonfinancial corporate business 5974.8 5959.4 6307.5 6243.6 6196.3 6286.2 6579.6 6564.2 6612.3 6652.7 6895.1 19

20 Nonfinancial noncorporate business 2003.9 1921.3 1996.0 2003.8 2007.3 2007.9 2012.7 2017.4 2021.5 2024.5 2042.8 20

21 State and local governments 215.1 252.1 229.7 217.2 208.2 199.0 172.2 160.1 162.6 138.1 101.6 21

22 Federal government 62.0 94.3 84.5 83.6 83.3 83.0 83.2 80.2 79.9 79.6 79.8 22

23 Rest of the world 1884.9 1799.2 1907.3 1728.6 1809.1 2256.4 1904.5 1542.7 1335.3 1095.2 1072.0 23

24 Monetary authority 16.1 65.6 83.0 92.8 105.0 104.1 126.0 141.6 159.3 174.0 190.6 24

25 U.S.-chartered depository institutions 922.2 682.9 577.8 583.0 582.7 664.7 611.7 523.3 541.1 540.6 489.3 25

26 Foreign banking offices in U.S. 259.7 143.9 148.7 182.6 252.0 374.8 371.4 300.2 350.3 338.0 343.2 26

27 Banks in U.S.-affiliated areas 11.1 6.5 11.0 10.9 11.9 16.7 11.8 11.8 15.8 13.2 10.8 27

28 Credit unions 41.5 48.2 39.7 40.6 18.5 21.4 12.1 9.0 17.8 25.7 24.5 28

29 Life insurance companies 324.9 304.5 288.2 267.8 279.8 324.0 328.1 347.6 367.6 375.6 379.7 29

30 Private pension funds 61.0 70.0 42.8 38.4 34.1 33.8 36.6 35.9 38.9 40.1 42.7 30

31 State and local govt. retirement funds 94.6 86.1 102.2 106.0 109.9 110.6 111.1 109.6 110.1 111.1 111.7 31

32 Mutual funds 20.0 14.9 2.9 5.5 13.4 14.4 5.7 -34.5 -50.0 -45.3 -45.3 32

33 Money market mutual funds 35.2 26.9 23.5 21.6 22.3 21.6 22.7 17.8 19.9 25.1 28.8 33

34 Government-sponsored enterprises 99.1 100.3 148.6 108.8 109.2 154.0 148.5 150.1 135.9 139.6 145.6 34

35 Finance companies -169.5 -109.5 -127.5 -132.4 -140.8 -120.1 -126.1 -135.1 -148.7 -158.1 -167.4 35

36 REITs 54.6 46.1 53.5 59.6 62.8 64.1 66.8 75.4 79.0 82.4 88.8 36

37 Brokers and dealers 31.3 67.5 61.1 60.7 60.7 36.9 35.8 58.8 39.7 46.4 29.5 37

38 Holding companies 446.0 590.3 556.7 570.3 574.8 554.4 510.4 773.7 749.0 765.9 820.9 38

39 Discrepancy -5494.3 -5859.0 -6173.6 -6391.2 -6797.2 -6542.8 -7222.8 -7554.7 -7257.0 -7334.7 -8613.7 39