December 6, 2012

Flow of Funds Accounts 

of the United States 

Annual Flows and Outstandings

1975-1984

Board of Governors of the Federal Reserve System, Washington D.C. 20551 
Table of Contents

Flows Levels

Title Table Page Table Page

Summaries

Total Credit Market Borrowing and Lending F.1 1 L.1 55 

Credit Market Borrowing by Nonfinancial Sectors F.2 2 L.2 56 

Credit Market Borrowing by Financial Sectors F.3 2 L.3 56 

Credit Market Borrowing, All Sectors, by Instrument F.4 3 L.4 57 

Total Liabilities and Its Relation to Total Financial Assets F.5 3 L.5 57 

Distribution of Gross Domestic Product F.6 4 

Distribution of National Income F.7 5 

Saving and Investment F.8 6 

Net Capital Transfers F.9 7 

Derivation of Measures of Personal Saving F.10 8 L.10 58 

Sectors

Households and Nonprofit Organizations F.100 9 L.100 59 

Nonfinancial Business F.101 10 L.101 60 

 Nonfinancial Corporate Business F.102 11 L.102 61 

Nonfinancial Noncorporate Business F.103 12 L.103 62 

State and Local Governments F.104 13 L.104 63 

Federal Government F.105 14 L.105 64 

Rest of the World F.106 15 L.106 65 
Flows Levels

Title Table Page Table Page

Financial Business F.107 16 L.107 66 

Monetary Authority F.108 17 L.108 67 

Private Depository Institutions F.109 18 L.109 68 

 U.S.-Chartered Depository Institutions, ex. Credit Unions F.110 19 L.110 69 

 Foreign Banking Offices in U.S. F.111 20 L.111 70 

 Banks in U.S.-Affiliated Areas F.112 21 L.112 71 

 Credit Unions F.113 21 L.113 71 

Property-Casualty Insurance Companies F.114 22 L.114 72 

Life Insurance Companies F.115 22 L.115 72 

Private Pension Funds F.116 23 L.116 73 

State and Local Government Employee Retirement Funds F.117 24 L.117 74 

Federal Government Retirement Funds F.118 24 L.118 74 

Money Market Mutual Funds F.119 25 L.119 75 

Mutual Funds F.120 25 L.120 75 

Closed-End and Exchange-Traded Funds F.121 25 L.121 75 

Government-Sponsored Enterprises F.122 26 L.122 76

Agency- and GSE-Backed Mortgage Pools F.123 26 L.123 76 

Issuers of Asset-Backed Securities F.124 27 L.124 77 

Finance Companies F.125 27 L.125 77 

Real Estate Investment Trusts F.126 28 L.126 78 

Security Brokers and Dealers F.129 29 L.129 79 

Holding Companies F.112 30 L.112 80 

Funding Corporations F.130 31 L.130 81 
Flows Levels

Title Table Page Table Page 

Instruments 

U.S. Official Reserve Assets and SDR Allocations F.200 32 L.200 82 

Special Drawing Rights (SDRs) Certificates and Treasury Currency F.201 32 L.201 82 

U.S. Deposits in Foreign Countries F.202 32 L.202 82 

Net Interbank Transactions F.203 33 L.203 83 

Checkable Deposits and Currency F.204 34 L.204 84 

Time and Savings Deposits F.205 35 L.205 85 

Money Market Mutual Fund Shares F.206 35 L.206 85 

Federal Funds and Security Repurchase Agreements F.207 36 L.207 86 

Open Market Paper F.208 37 L.208 87 

Treasury Securities F.209 38 L.209 88 

Agency- and GSE-Backed Securities F.210 39 L.210 89

Municipal Securities and Loans F.211 40 L.211 90 

Corporate and Foreign Bonds F.212 41 L.212 91 

Corporate Equities F.213 42 L.213 92 

Mutual Fund Shares F.214 42 L.214 92 

Depository Institution Loans Not Elsewhere Classified F.215 43 L.215 93 

Other Loans and Advances F.216 44 L.216 94 

Total Mortgages F.217 45 L.217 95 

Home Mortgages F.218 46 L.218 96 

Multifamily Residential Mortgages F.219 46 L.219 96 

Commercial Mortgages F.220 47 L.220 97 

Farm Mortgages F.221 47 L.221 97 

Consumer Credit F.222 48 L.222 98 
Flows Levels

Title Table Page Table Page 

Trade Credit F.223 48 L.223 98 

Security Credit F.224 48 L.224 98 

Life Insurance and Pension Fund Reserves F.225 49 L.225 99 

Taxes Payable by Businesses F.226 49 L.226 99 

Proprietors' Equity in Noncorporate Business F.227 49 L.227 99 

Total Miscellaneous Financial Claims F.228 50 L.228 100 

 Identified Miscellaneous Financial Claims - Part I F.229 51 L.229 101 

 Identified Miscellaneous Financial Claims - Part II F.230 52 L.230 102 

Unidentified Miscellaneous Financial Claims F.231 53 L.231 103 

Sector Discrepancies F.11 54 

Instrument Discrepancies F.12 54 

Balance Reconciliation

Sheet

Title Table Page Table Page

Balance Sheet, Reconciliation, and 

Supplementary Tables 

Households and Nonprofit Organizations B.100 104 R.100 107 

Nonfarm Nonfinancial Corporate Business B.102 105 R.102 108 

Nonfarm Noncorporate Business B.103 106 R.103 109 

Balance Sheet of Households and Nonprofit Organizations 

with Equity Detail B.100.e 110 

Consolidated Statement for Federal, State, and Local Governments F.105.c 111 L.105.c 112 

Private Pension Funds: Defined Benefit Plans F.116.b 113 L.116.b 114 

Private Pension Funds: Defined Contribution Plans F.116.c 113 L.116.c 114 

Individual Retirement Accounts (IRAs) F.225.i 113 L.225.i 114 
FFA, 1975-1984, December 6, 2012 1

F.1 Total Credit Market Borrowing and Lending (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Credit market borrowing 209.5 289.1 388.0 487.3 498.1 440.2 538.0 560.9 694.3 955.4 1

 2 Domestic nonfinancial sectors 191.7 244.4 321.1 389.8 388.2 340.3 406.6 451.3 572.6 790.9 2

 3 Household sector 59.9 85.5 128.0 156.8 166.3 105.3 102.7 84.6 175.3 220.4 3

 4 Nonfinancial corporate business 14.7 41.7 74.2 82.7 85.8 72.2 126.1 105.8 93.4 207.1 4

 5 Nonfinancial noncorporate business 20.4 29.5 42.7 58.4 73.8 63.2 64.7 57.9 71.3 113.7 5

 6 State and local governments 11.1 18.5 19.9 39.4 26.6 22.2 27.6 41.7 47.3 52.5 6

 7 Federal government 85.6 69.2 56.3 52.5 35.8 77.4 85.5 161.3 185.2 197.2 7

 8 Rest of the world 14.1 20.5 13.5 24.0 15.0 24.2 23.5 16.0 17.3 8.4 8

 9 Financial sectors 3.6 24.2 53.4 73.6 94.9 75.8 107.8 93.6 104.3 156.2 9

10 U.S.-chartered depository institutions -3.5 1.9 8.6 12.9 17.9 13.9 24.1 11.3 -1.7 18.3 10

11 Foreign banking offices in U.S. 0.0 0.8 0.6 -0.3 1.8 1.9 3.2 1.6 2.2 7.3 11

12 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Government-sponsored enterprises 3.2 2.1 5.9 23.5 24.8 25.6 32.4 15.3 1.4 30.4 14

15 Agency- and GSE-backed mortgage pools 7.1 12.2 16.1 13.6 23.1 19.2 15.0 49.5 66.3 44.5 15

16 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 8.7 16

17 Finance companies -3.4 6.8 20.0 16.3 20.1 5.9 15.0 4.9 15.5 25.4 17

18 REITs -5.2 -1.9 -1.8 -0.6 -0.2 -0.4 -0.0 -0.0 -0.3 2.8 18

19 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.7 19

20 Holding companies 5.5 2.4 4.1 8.2 7.5 9.3 13.8 7.6 13.6 16.9 20

21 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.4 4.3 3.4 3.2 1.2 21

22 Credit market lending 209.5 289.1 388.0 487.3 498.1 440.2 538.0 560.9 694.3 955.4 22

23 Domestic nonfinancial sectors 53.8 45.5 64.2 107.5 131.8 76.0 110.2 126.4 162.8 213.8 23

24 Household sector 23.0 7.0 25.9 47.6 80.8 19.1 27.0 77.4 87.1 127.1 24

25 Nonfinancial corporate business 10.5 11.4 -2.1 3.1 2.4 14.8 18.3 4.0 26.7 23.6 25

26 Nonfinancial noncorporate business -0.5 1.0 1.8 2.8 1.9 0.2 8.7 4.5 7.1 9.5 26

27 State and local governments 7.4 18.2 28.6 36.9 27.7 18.2 32.2 24.5 32.3 36.6 27

28 Federal government 13.4 8.0 10.0 17.1 19.0 23.7 24.0 15.9 9.7 17.1 28

29 Rest of the world 8.5 14.3 38.2 29.7 -11.0 26.6 30.0 30.9 28.5 68.6 29

30 Financial sectors 147.2 229.2 285.6 350.1 377.3 337.6 397.8 403.6 502.9 672.9 30

31 Monetary authority 8.2 6.7 8.7 8.5 7.1 3.5 8.8 7.7 14.7 8.4 31

32 U.S.-chartered depository institutions 75.4 120.4 154.4 172.8 170.3 138.1 120.1 134.0 259.4 296.8 32

33 Foreign banking offices in U.S. 1.3 5.0 5.5 19.3 16.8 19.8 12.5 14.2 3.7 12.9 33

34 Banks in U.S.-affiliated areas 0.4 0.6 0.3 0.2 -0.0 0.9 0.5 2.4 1.6 1.5 34

35 Credit unions 5.4 6.6 7.2 6.4 1.7 -0.8 2.0 2.3 12.1 15.3 35

36 Property-casualty insurance companies 7.3 12.5 17.5 16.5 13.4 9.9 9.5 7.6 7.9 15.0 36

37 Life insurance companies 16.9 23.7 27.5 33.1 33.0 33.2 34.7 43.5 50.6 56.3 37

38 Private pension funds 15.6 6.5 10.4 10.6 22.1 30.6 27.3 46.7 42.2 38.4 38

39 State and local govt. retirement funds 8.9 9.4 11.5 16.8 10.6 20.6 21.8 21.7 8.1 34.3 39

40 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Money market mutual funds 0.7 0.6 -0.1 3.2 19.8 16.9 65.4 30.1 -17.9 44.5 41

42 Mutual funds 0.6 0.4 3.4 0.2 2.0 2.5 3.1 5.2 9.6 18.9 42

43 Closed-end funds 0.1 0.2 -0.7 0.3 0.0 0.0 -0.1 0.5 -0.2 -0.5 43

44 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

45 Government-sponsored enterprises 4.5 4.7 6.7 26.7 30.0 26.4 33.2 16.0 2.7 29.1 45

46 Agency- and GSE-backed mortgage pools 7.1 12.2 16.1 13.6 23.1 19.2 15.0 49.5 66.3 44.5 46

47 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 7.8 47

48 Finance companies 2.9 11.6 22.0 25.7 29.1 13.9 22.8 10.3 25.2 34.8 48

49 REITs -9.0 -2.5 -1.2 -0.3 -0.1 -0.2 -0.1 0.2 -0.1 3.4 49

50 Brokers and dealers 1.0 7.8 -5.3 -3.7 -3.6 2.6 14.4 15.2 -10.6 28.6 50

51 Holding companies -0.0 2.8 1.3 -0.5 2.0 -0.3 1.4 -2.2 1.5 0.9 51

52 Funding corporations -0.1 -0.2 0.4 0.8 -0.0 0.8 5.3 -1.2 23.4 -18.1 52

(1) Excludes corporate equities and mutual fund shares.
2 FFA, 1975-1984, December 6, 2012

F.2 Credit Market Borrowing by Nonfinancial Sectors

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Domestic 191.7 244.4 321.1 389.8 388.2 340.3 406.6 451.3 572.6 790.9 1

 2 By instrument 191.7 244.4 321.1 389.8 388.2 340.3 406.6 451.3 572.6 790.9 2

 3 Commercial paper -2.9 1.4 1.6 2.7 9.0 4.0 14.7 -6.1 -0.8 21.7 3

 4 Treasury securities 86.1 69.3 57.2 53.9 37.2 77.9 85.9 162.2 185.3 197.4 4

 5 Agency- and GSE-backed securities -0.4 -0.0 -0.8 -1.3 -1.3 -0.5 -0.3 -0.8 -0.0 -0.1 5

 6 Municipal securities 15.0 20.9 29.7 51.3 39.3 35.3 44.2 64.4 67.1 75.5 6

 7 Corporate bonds 27.2 22.8 22.9 21.1 17.3 27.7 24.8 30.7 26.0 48.1 7

 8 Depository institution loans n.e.c. -5.4 2.3 23.5 36.2 43.5 32.9 46.3 67.2 28.3 70.2 8

 9 Other loans and advances 9.0 21.9 22.6 28.3 35.3 28.4 49.2 15.0 29.3 58.6 9

10 Mortgages 55.4 83.8 128.6 151.3 164.5 131.3 122.1 100.0 189.3 237.7 10

11 Home 38.8 60.7 92.7 110.6 115.9 92.6 67.6 54.5 116.0 135.6 11

12 Multifamily residential 0.0 5.0 8.4 10.8 9.8 7.5 4.8 5.4 15.2 25.1 12

13 Commercial 11.6 12.5 18.9 21.1 24.8 20.5 40.0 36.0 55.7 78.3 13

14 Farm 4.9 5.6 8.5 8.8 14.0 10.7 9.7 4.1 2.4 -1.3 14

15 Consumer credit 7.8 22.0 35.8 46.4 43.3 3.4 19.8 18.8 48.2 81.7 15

16 By sector 191.7 244.4 321.1 389.8 388.2 340.3 406.6 451.3 572.6 790.9 16

17 Household sector 59.9 85.5 128.0 156.8 166.3 105.3 102.7 84.6 175.3 220.4 17

18 Nonfinancial business 35.0 71.2 117.0 141.1 159.6 135.4 190.8 163.7 164.8 320.8 18

19 Corporate 14.7 41.7 74.2 82.7 85.8 72.2 126.1 105.8 93.4 207.1 19

20 Noncorporate 20.4 29.5 42.7 58.4 73.8 63.2 64.7 57.9 71.3 113.7 20

21 State and local governments 11.1 18.5 19.9 39.4 26.6 22.2 27.6 41.7 47.3 52.5 21

22 Federal government 85.6 69.2 56.3 52.5 35.8 77.4 85.5 161.3 185.2 197.2 22

23 Foreign borrowing in U.S. 14.1 20.5 13.5 24.0 15.0 24.2 23.5 16.0 17.3 8.4 23

24 Commercial paper 0.4 0.7 0.6 1.0 1.7 2.4 3.9 1.9 6.5 6.2 24

25 Bonds 7.2 8.5 5.1 4.0 3.7 1.2 5.5 6.6 3.1 3.8 25

26 Depository institution loans n.e.c. 3.9 6.8 3.1 18.3 3.1 11.8 3.0 -5.5 3.6 -6.6 26

27 Other loans and advances 2.7 4.5 4.8 0.7 6.5 8.8 11.1 13.0 4.1 5.0 27

28 Domestic and foreign 205.9 264.9 334.6 413.8 403.2 364.4 430.2 467.3 589.9 799.2 28

F.3 Credit Market Borrowing by Financial Sectors

Billions of dollars

 1 By instrument 3.6 24.2 53.4 73.6 94.9 75.8 107.8 93.6 104.3 156.2 1

 2 Open market paper 1.3 6.0 12.8 13.9 26.8 12.9 32.7 9.9 21.3 24.0 2

 3 GSE issues 2.3 2.5 7.0 23.1 24.3 24.4 30.5 14.9 1.4 30.4 3

 4 Agency- and GSE-backed mortgage pool sec. 7.1 12.2 16.1 13.6 23.1 19.2 15.0 49.5 66.3 44.5 4

 5 Corporate bonds 8.1 7.0 12.3 6.6 3.6 7.6 6.7 14.8 17.4 36.3 5

 6 Depository institution loans n.e.c. -12.0 -1.6 2.2 3.3 7.4 3.4 4.8 3.1 2.5 4.0 6

 7 Other loans and advances -3.1 -2.4 3.2 12.9 9.8 8.3 18.1 1.2 -4.6 16.4 7

 8 Mortgages -0.1 0.5 -0.2 0.2 -0.0 -0.0 0.0 0.1 0.0 0.4 8

 9 By sector 3.6 24.2 53.4 73.6 94.9 75.8 107.8 93.6 104.3 156.2 9

10 U.S.-chartered depository institutions -3.5 1.9 8.6 12.9 17.9 13.9 24.1 11.3 -1.7 18.3 10

11 Foreign banking offices in U.S. 0.0 0.8 0.6 -0.3 1.8 1.9 3.2 1.6 2.2 7.3 11

12 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Government-sponsored enterprises 3.2 2.1 5.9 23.5 24.8 25.6 32.4 15.3 1.4 30.4 14

15 Agency- and GSE-backed mortgage pools 7.1 12.2 16.1 13.6 23.1 19.2 15.0 49.5 66.3 44.5 15

16 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 8.7 16

17 Finance companies -3.4 6.8 20.0 16.3 20.1 5.9 15.0 4.9 15.5 25.4 17

18 REITs -5.2 -1.9 -1.8 -0.6 -0.2 -0.4 -0.0 -0.0 -0.3 2.8 18

19 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.7 19

20 Holding companies 5.5 2.4 4.1 8.2 7.5 9.3 13.8 7.6 13.6 16.9 20

21 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.4 4.3 3.4 3.2 1.2 21
FFA, 1975-1984, December 6, 2012 3

F.4 Credit Market Borrowing, All Sectors, by Instrument

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total 209.5 289.1 388.0 487.3 498.1 440.2 538.0 560.9 694.3 955.4 1

 2 Open market paper -1.2 8.2 15.0 17.7 37.5 19.3 51.3 5.7 26.9 51.9 2

 3 Treasury securities 86.1 69.3 57.2 53.9 37.2 77.9 85.9 162.2 185.3 197.4 3

 4 Agency- and GSE-backed securities 9.0 14.6 22.3 35.3 46.0 43.1 45.2 63.7 67.7 74.9 4

 5 Municipal securities 15.0 20.9 29.7 51.3 39.3 35.3 44.2 64.4 67.1 75.5 5

 6 Corporate and foreign bonds 42.5 38.3 40.2 31.7 24.6 36.4 36.9 52.1 46.5 88.2 6

 7 Depository institution loans n.e.c. -13.6 7.5 28.7 57.7 54.0 48.1 54.2 64.8 34.5 67.7 7

 8 Other loans and advances 8.6 24.0 30.7 41.9 51.6 45.5 78.4 29.2 28.9 80.0 8

 9 Mortgages 55.3 84.3 128.4 151.5 164.5 131.2 122.1 100.1 189.3 238.1 9

10 Consumer credit 7.8 22.0 35.8 46.4 43.3 3.4 19.8 18.8 48.2 81.7 10

 Memo:

 Funds raised through corporate equities and mutual fund shares

11 Total net issues 7.5 10.3 5.7 3.0 -4.4 15.5 -7.5 16.5 51.1 -48.8 11

12 Corporate equities 7.9 12.8 5.5 3.9 -3.6 14.3 -9.9 7.9 27.2 -71.9 12

13 Nonfinancial 9.9 10.5 2.7 -0.1 -7.8 10.4 -13.5 1.9 20.0 -79.0 13

 Foreign shares purchased by

14 U.S. residents -0.9 0.4 0.4 -0.4 1.0 2.4 0.2 1.4 3.7 0.9 14

15 Financial -1.1 1.9 2.4 4.4 3.2 1.5 3.3 4.7 3.5 6.2 15

16 Mutual fund shares -0.4 -2.5 0.2 -0.9 -0.8 1.2 2.4 8.5 24.0 23.1 16

F.5 Net Increase in Liabilities and Its Relation to Net Acquisition of Financial Assets

Billions of dollars

 Net flows through credit markets

 1 (from table F.4, line 1) 209.5 289.1 388.0 487.3 498.1 440.2 538.0 560.9 694.3 955.4 1

 2 U.S. official reserve assets 0.8 2.6 0.3 -0.8 2.2 9.3 6.3 5.0 1.2 3.1 2

 3 SDR certificates 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 3

 4 Treasury currency 0.8 0.5 0.3 0.5 1.1 0.6 0.4 0.4 0.5 0.6 4

 5 Foreign deposits 0.8 1.7 1.3 2.4 9.8 4.5 10.4 2.0 6.5 -0.9 5

 6 Net interbank transactions -11.7 -8.6 -2.8 16.1 18.6 -33.8 -37.6 -8.0 -1.5 15.7 6

 7 Checkable deposits and currency 19.4 25.1 30.1 20.6 36.8 17.2 28.0 37.8 39.5 46.9 7

 8 Small time and savings deposits 98.4 121.5 95.2 66.6 60.6 83.9 58.2 151.1 201.9 148.1 8

 9 Large time deposits -9.1 -13.8 28.6 54.8 29.3 59.5 61.7 23.8 -11.3 86.8 9

10 Money market fund shares 1.3 -0.0 0.2 6.9 34.4 31.2 109.9 33.6 -40.5 52.7 10

11 Security RPs 4.8 15.5 4.6 22.6 13.3 22.4 22.4 26.2 9.8 31.6 11

12 Corporate equities 7.9 12.8 5.5 3.9 -3.6 14.3 -9.9 7.9 27.2 -71.9 12

13 Mutual fund shares -0.4 -2.5 0.2 -0.9 -0.8 1.2 2.4 8.5 24.0 23.1 13

14 Trade payables 16.6 31.5 43.9 54.5 74.6 50.0 40.1 22.8 23.6 57.3 14

15 Security credit 2.6 11.4 4.3 2.5 1.3 13.9 2.1 5.9 13.6 4.5 15

16 Life insurance reserves 10.2 9.2 10.0 11.6 10.9 10.3 9.6 7.8 8.8 6.1 16

17 Pension fund reserves 63.5 51.6 70.9 83.3 93.0 117.6 118.2 169.3 163.0 162.6 17

18 Taxes payable -1.4 7.2 3.4 7.0 9.9 5.6 -6.3 -2.4 4.7 4.5 18

19 Noncorporate proprietors’ equity -9.9 -12.1 -6.4 -13.0 -25.7 -40.4 11.0 -53.8 -47.3 -55.0 19

20 Miscellaneous 78.5 89.3 98.9 186.9 222.3 196.2 232.4 199.6 207.3 307.0 20

21 Total financial sources 482.9 632.6 776.5 1013.0 1086.8 1004.4 1198.0 1199.5 1325.1 1778.0 21

 - Liabilities not identified as assets:

22 Treasury currency -0.1 -0.1 -0.3 -0.0 -0.2 -0.2 -0.2 -0.2 -0.2 -0.1 22

23 Foreign deposits 0.4 0.9 -0.9 -0.6 3.4 3.2 -4.3 -0.6 3.7 1.0 23

24 Net interbank liabilities -4.3 -0.5 -6.9 1.2 -3.8 -6.4 -3.6 -9.0 -12.2 6.7 24

25 Security RPs 4.1 11.9 3.9 14.2 -2.6 9.1 15.3 12.0 -2.7 -7.7 25

26 Taxes payable -1.1 -0.5 2.7 2.9 7.4 7.4 7.6 7.6 -3.4 5.0 26

27 Miscellaneous 53.2 32.7 -6.5 49.8 88.2 57.4 -0.8 17.2 64.3 5.1 27

 - Floats not included in assets:

28 Checkable deposits: State and local govt. -0.4 -0.1 0.2 -0.0 -0.1 0.0 0.0 0.0 0.1 0.0 28

29 Federal govt. 0.0 -0.9 1.4 -12.9 1.3 -1.1 -0.2 0.3 1.6 0.5 29

30 Private domestic 2.0 0.6 1.6 -0.4 0.0 2.3 4.1 -1.9 2.6 -1.9 30

31 Trade credit -6.9 -8.2 -8.9 -24.1 -11.4 -19.3 -14.7 10.9 -48.0 -29.9 31

 Totals identified to sectors

32 as assets 435.9 596.8 790.3 983.1 1004.4 952.0 1194.9 1162.9 1319.6 1799.2 32
4 FFA, 1975-1984, December 6, 2012

F.6 Distribution of Gross Domestic Product (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross Domestic Product (GDP) 1637.7 1824.6 2030.1 2293.8 2562.2 2788.1 3126.8 3253.2 3534.6 3930.9 1

 2 Personal consumption expenditures (2) 1033.8 1151.3 1277.8 1427.6 1591.2 1755.8 1939.5 2075.5 2288.6 2501.1 2

 3 Durable goods 142.2 168.6 192.0 213.3 226.3 226.4 243.9 253.0 295.0 342.2 3

 4 Nondurable goods 349.2 377.7 408.4 450.2 511.6 573.4 625.4 646.3 678.8 721.5 4

 5 Services 542.5 605.0 677.4 764.1 853.2 956.0 1070.1 1176.2 1314.8 1437.4 5

 6 Gross private domestic investment 230.2 292.0 361.3 438.0 492.9 479.3 572.4 517.2 564.3 735.6 6

 7 Fixed investment 236.5 274.8 339.0 412.2 474.9 485.6 542.6 532.1 570.0 670.2 7

 8 Nonresidential 173.7 192.4 228.7 280.6 333.9 362.4 420.0 426.5 417.2 489.6 8

 9 Household sector (nonprofit organizations) 9.6 10.4 12.3 13.3 14.1 15.1 16.5 19.8 21.9 23.6 9

10 Nonfinancial corporate business 122.9 137.0 165.0 202.2 237.9 259.2 294.8 296.5 288.4 336.7 10

11 Nonfinancial noncorporate business 29.0 31.5 36.8 46.2 57.4 58.0 72.8 70.4 64.9 79.4 11

12 Financial institutions 12.3 13.4 14.7 18.9 24.5 30.1 36.0 39.8 42.1 50.0 12

13 Residential 62.7 82.5 110.3 131.6 141.0 123.2 122.6 105.7 152.9 180.6 13

14 Household sector 50.3 67.7 90.7 106.1 108.6 94.5 93.4 83.3 121.6 144.5 14

15 Nonfinancial corporate business 0.4 0.6 0.8 1.0 1.3 1.2 1.2 0.9 1.3 1.5 15

16 Nonfinancial noncorporate business 11.9 14.2 18.8 24.5 31.1 27.5 28.0 21.4 29.9 34.6 16

17 REITs 0.1 0.0 -0.1 -0.0 -0.0 -0.0 0.0 0.0 -0.0 0.1 17

18 Change in private inventories -6.3 17.1 22.3 25.8 18.0 -6.3 29.8 -14.9 -5.8 65.4 18

19 Nonfinancial corporate business -8.9 17.0 17.2 23.3 13.9 -0.6 20.6 -19.2 8.0 57.1 19

20 Nonfinancial noncorporate business 2.7 0.1 5.1 2.5 4.0 -5.7 9.2 4.3 -13.7 8.3 20

21 Net U.S. exports of goods and services 16.0 -1.6 -23.1 -25.4 -22.5 -13.1 -12.5 -20.0 -51.6 -102.7 21

22 Exports 138.7 149.5 159.3 186.9 230.1 280.8 305.2 283.2 277.0 302.4 22

23 - Imports 122.7 151.1 182.4 212.3 252.7 293.8 317.8 303.2 328.6 405.1 23

 Government consumption expenditures and

24 gross investment 357.7 383.0 414.1 453.6 500.7 566.1 627.5 680.4 733.4 796.9 24

25 Consumption expenditures (3) 294.6 316.6 346.6 376.5 412.3 465.9 520.6 568.1 610.5 657.6 25

26 Federal 129.5 137.1 150.7 163.3 178.9 207.4 238.3 263.3 286.4 309.9 26

27 State and local 165.1 179.5 195.9 213.2 233.3 258.4 282.3 304.9 324.1 347.7 27

28 Gross investment (3) 63.1 66.4 67.5 77.1 88.5 100.3 106.9 112.3 122.9 139.4 28

29 Federal 19.5 22.6 24.7 27.6 31.6 36.3 41.9 47.5 56.4 64.4 29

30 State and local 43.6 43.8 42.8 49.5 56.8 64.0 65.0 64.8 66.4 75.0 30

 Memo:

31 Net U.S. income receipts from rest of the world 13.0 16.8 20.3 21.6 31.9 34.2 32.9 36.5 37.1 36.3 31

32 U.S. income receipts 28.0 32.4 37.2 46.3 68.3 79.1 92.0 101.0 101.9 121.9 32

33 - U.S. income payments 15.0 15.5 16.9 24.7 36.4 44.9 59.1 64.5 64.8 85.6 33

 Gross National Product (GNP) =

34 GDP + net U.S. income receipts 1650.7 1841.4 2050.4 2315.3 2594.2 2822.3 3159.8 3289.7 3571.7 3967.2 34

 Acquisition of nonproduced nonfinancial assets (net)

35 Household sector -1.5 -1.3 -1.2 -1.2 -1.3 -1.4 -1.6 -1.8 -2.0 -2.2 35

36 Nonfinancial corporate business -0.0 2.0 1.0 0.2 2.5 3.7 5.1 3.3 4.7 3.5 36

37 State and local governments 1.9 1.7 1.6 1.6 1.7 1.8 2.0 2.0 2.2 2.6 37

38 Federal governments -0.4 -2.4 -1.4 -0.6 -2.8 -4.0 -5.5 -3.6 -4.9 -3.9 38

39 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

(1) This table is based on NIPA table 1.1.5 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).

(2) Component of personal outlays, found on table F.100, line 4.

(3) Government inventory investment is included in consumption expenditures.
FFA, 1975-1984, December 6, 2012 5

F.7 Distribution of National Income (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 National Income 1444.0 1609.8 1797.4 2027.9 2248.3 2433.0 2729.8 2851.4 3070.9 3461.3 1

 2 Compensation of employees 949.1 1059.3 1180.5 1335.5 1498.3 1647.6 1819.7 1919.6 2035.5 2245.4 2

 3 Wages and other labor income 902.3 1004.8 1119.3 1263.7 1415.9 1558.7 1716.0 1809.9 1916.1 2106.2 3

 4 Employer social insurance contributions 46.7 54.4 61.1 71.5 82.6 88.9 103.6 109.8 119.9 139.0 4

 5 Wage accruals less disbursements 0.1 0.1 0.1 0.3 -0.2 -0.0 0.1 -0.0 -0.4 0.2 5

 Proprietors’ income with inventory

 6 valuation and capital consumption adjustments 119.6 132.2 146.0 167.5 181.1 173.5 181.6 174.8 190.7 233.1 6

 Rental income of persons (with capital

 7 consumption adjustment) 23.4 22.1 19.6 20.9 22.6 28.5 36.5 38.1 38.2 40.0 7

 Corporate profits with inventory

 8 valuation and capital consumption adjustments 133.3 161.6 191.8 218.4 225.4 201.4 223.3 205.7 259.8 318.6 8

 Corporate profits with inventory

 9 valuation adjustment 135.0 165.6 194.8 222.4 232.0 211.4 219.1 191.1 226.6 264.6 9

10 Profits before tax 145.5 179.7 210.5 246.1 272.1 253.5 243.7 198.6 234.0 268.6 10

11 Domestic nonfinancial 110.7 138.2 159.5 183.7 197.2 184.1 185.0 140.0 163.4 197.6 11

12 Domestic financial 20.2 25.0 31.9 39.5 40.4 34.0 29.1 26.0 35.5 34.4 12

13 Rest of the world 14.6 16.5 19.1 22.9 34.6 35.5 29.7 32.6 35.1 36.6 13

 Less:

14 Taxes on corporate income 51.6 65.3 74.4 84.9 90.0 87.2 84.3 66.5 80.6 97.5 14

15 Domestic nonfinancial 41.9 53.5 60.6 67.6 70.6 68.2 66.0 48.8 61.7 75.9 15

16 Domestic financial 9.7 11.8 13.9 17.3 19.4 19.0 18.3 17.7 18.9 21.6 16

 Equals:

17 Profits after tax 93.9 114.5 136.1 161.3 182.1 166.4 159.4 132.1 153.4 171.1 17

18 Net dividends 33.0 39.0 44.8 50.8 57.5 64.1 73.8 77.7 83.5 90.8 18

19 Domestic nonfinancial 24.6 27.8 30.9 35.9 37.6 44.7 52.5 54.1 63.2 67.2 19

20 Domestic financial 1.8 2.3 2.8 3.7 3.8 2.7 5.8 7.3 8.1 11.3 20

21 Rest of the world 6.6 9.0 11.1 11.2 16.0 16.7 15.4 16.4 12.1 12.3 21

22 Undistributed profits 60.9 75.4 91.3 110.5 124.6 102.3 85.6 54.4 69.9 80.3 22

23 Domestic nonfinancial 44.2 57.0 68.0 80.2 88.9 71.2 66.5 37.2 38.4 54.5 23

24 Domestic financial 8.6 10.9 15.3 18.6 17.1 12.3 5.0 1.0 8.5 1.5 24

25 Rest of the world 8.1 7.6 8.0 11.7 18.6 18.7 14.2 16.2 22.9 24.3 25

26 Inventory valuation adjustment -10.5 -14.1 -15.7 -23.7 -40.1 -42.1 -24.6 -7.5 -7.4 -4.0 26

27 Capital consumption adjustment -1.7 -4.0 -3.0 -4.0 -6.6 -10.0 4.2 14.6 33.3 54.0 27

28 Domestic nonfinancial -1.2 -3.2 -1.9 -3.2 -5.3 -7.2 6.5 17.8 35.2 56.2 28

29 Domestic financial -0.5 -0.9 -1.1 -0.8 -1.4 -2.8 -2.3 -3.1 -2.0 -2.2 29

30 Net interest and miscellaneous payments 81.6 85.5 101.1 115.0 138.9 181.8 232.3 271.1 285.3 327.1 30

31 Taxes on production and imports 135.3 146.4 159.7 170.9 180.1 200.3 235.6 240.9 263.3 289.8 31

32 Less: Subsidies 4.5 5.1 7.1 8.9 8.5 9.8 11.5 15.0 21.3 21.1 32

33 Business current transfer payments (net) 9.4 9.5 8.5 10.8 13.3 14.7 17.9 20.6 22.6 30.3 33

34 Current surplus of government enterprises -3.2 -1.8 -2.7 -2.2 -2.9 -5.1 -5.6 -4.5 -3.2 -1.9 34

 Memo:

 Calculation of Gross Domestic Product

 from National Income: (2)

35 National Income, from line 1 above 1444.0 1609.8 1797.4 2027.9 2248.3 2433.0 2729.8 2851.4 3070.9 3461.3 35

 Plus:

36 Private consumption of fixed capital 150.4 165.5 186.1 212.0 244.5 282.3 323.2 356.4 369.5 387.5 36

37 Government consumption of fixed capital 39.9 42.6 45.6 49.5 54.4 61.8 70.1 77.1 81.6 86.9 37

38 Statistical discrepancy 16.3 23.5 21.2 26.0 47.0 45.3 36.6 4.8 49.7 31.5 38

 Less:

39 Net U.S. income receipts from rest of the world 13.0 16.8 20.3 21.6 31.9 34.2 32.9 36.5 37.1 36.3 39

 Equals:

40 Gross Domestic Product 1637.7 1824.6 2030.1 2293.8 2562.2 2788.1 3126.8 3253.2 3534.6 3930.9 40

(1) This table corresponds to NIPA table 1.12 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).

(2) The relationship of National Income to Gross Domestic Product is shown on NIPA table 1.7.5 in the Survey of Current Business, Bureau of Economic Analysis.
6 FFA, 1975-1984, December 6, 2012

F.8 Saving and Investment by Sector (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 296.9 342.0 396.7 476.3 533.2 542.7 646.1 621.5 602.4 753.4 1

 2 Net saving 106.5 133.8 164.9 214.9 234.3 198.6 252.7 188.0 151.3 279.0 2

 3 Net private saving 174.6 180.1 197.9 225.2 235.3 246.5 301.9 325.4 322.6 426.5 3

 4 Domestic business 48.7 57.3 72.6 82.8 77.8 50.2 65.2 61.5 95.7 130.3 4

 5 Nonfinancial corporate business 40.2 47.0 58.1 64.5 61.3 39.8 62.0 62.4 87.4 129.1 5

 6 Financial business 8.5 10.3 14.6 18.3 16.5 10.3 3.2 -0.9 8.4 1.1 6

 7 Households and institutions 125.9 122.8 125.3 142.4 157.5 196.3 236.7 263.9 226.9 296.3 7

 8 Net government saving -68.2 -46.3 -33.0 -10.2 -1.0 -47.8 -49.2 -137.5 -171.4 -147.5 8

 9 Federal -70.6 -53.7 -46.1 -28.9 -14.0 -56.6 -56.8 -135.3 -176.2 -171.5 9

10 State and local 2.5 7.4 13.1 18.7 13.0 8.8 7.6 -2.2 4.9 23.9 10

11 Consumption of fixed capital 190.4 208.2 231.8 261.4 298.9 344.1 393.3 433.5 451.1 474.3 11

12 Private 150.4 165.5 186.1 212.0 244.5 282.3 323.2 356.4 369.5 387.5 12

13 Domestic business 125.8 138.5 155.5 176.4 203.5 235.4 271.2 300.7 311.4 326.0 13

14 Nonfinancial corporate business 88.6 97.8 110.1 125.1 144.3 166.7 192.4 212.8 219.3 228.8 14

15 Nonfinancial noncorporate business 30.5 33.0 36.5 41.2 47.2 54.2 61.4 67.4 68.9 70.8 15

16 Financial business 6.6 7.6 8.8 10.1 12.0 14.5 17.4 20.5 23.2 26.3 16

17 Households and institutions 24.7 27.1 30.7 35.5 41.0 46.9 52.1 55.8 58.1 61.5 17

18 Government 39.9 42.6 45.6 49.5 54.4 61.8 70.1 77.1 81.6 86.9 18

19 Federal 19.7 21.4 23.0 25.0 27.0 30.0 33.8 37.6 40.7 44.5 19

20 State and local 20.2 21.3 22.6 24.5 27.5 31.8 36.3 39.5 40.9 42.3 20

 Gross domestic investment, capital account

21 transactions, and net lending, NIPAs 313.2 365.5 417.9 502.4 580.2 588.0 682.6 626.2 652.1 784.9 21

22 Gross domestic investment 293.3 358.4 428.8 515.0 581.3 579.5 679.3 629.5 687.1 875.0 22

23 Gross private domestic investment 230.2 292.0 361.3 438.0 492.9 479.3 572.4 517.2 564.3 735.6 23

24 Domestic business 170.4 213.8 258.4 318.6 370.1 369.7 462.5 414.1 420.8 567.6 24

25 Nonfinancial corporate business 114.4 154.6 182.9 226.5 253.1 259.8 316.6 278.3 297.7 395.3 25

26 Nonfinancial noncorporate business 43.6 45.8 60.7 73.2 92.5 79.8 109.9 96.1 81.0 122.2 26

27 Financial business 12.3 13.4 14.7 18.9 24.5 30.1 36.0 39.8 42.1 50.0 27

28 Households and institutions 59.9 78.2 103.0 119.4 122.8 109.6 109.9 103.1 143.5 168.1 28

29 Gross government investment 63.1 66.4 67.5 77.1 88.5 100.3 106.9 112.3 122.9 139.4 29

30 Federal 19.5 22.6 24.7 27.6 31.6 36.3 41.9 47.5 56.4 64.4 30

31 State and local 43.6 43.8 42.8 49.5 56.8 64.0 65.0 64.8 66.4 75.0 31

32 Capital account transactions (net) (2) 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 32

33 Private 4.7 7.7 9.0 6.0 8.4 10.8 12.6 11.5 10.9 9.7 33

34 Domestic business -0.3 1.8 0.9 0.1 2.2 3.4 4.9 3.1 4.6 3.5 34

35 Nonfinancial corporate business -0.3 1.8 0.9 0.1 2.2 3.4 4.9 3.1 4.6 3.5 35

36 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Financial business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 Households and institutions 5.0 5.9 8.1 6.0 6.2 7.4 7.7 8.3 6.3 6.2 38

39 Government -4.6 -7.6 -8.9 -5.9 -8.3 -10.6 -12.5 -11.4 -10.8 -9.6 39

40 Federal 4.4 2.7 2.6 6.2 6.2 6.2 3.4 3.5 4.9 7.9 40

41 State and local -9.0 -10.3 -11.5 -12.1 -14.5 -16.8 -15.8 -14.9 -15.7 -17.5 41

42 Net lending (+) or net borrowing (-), NIPAs (3) 19.8 7.0 -11.0 -12.7 -1.3 8.4 3.2 -3.4 -35.2 -90.2 42

43 Private 106.5 69.5 35.0 19.2 25.4 84.0 76.8 157.9 166.6 100.2 43

44 Domestic business 20.7 3.7 -9.9 -33.4 -44.0 -42.2 -94.5 -50.3 31.4 -83.3 44

45 Nonfinancial corporate business (3) 31.0 11.9 5.6 -10.9 -2.8 -11.4 -30.5 -1.5 54.0 -9.4 45

46 Nonfinancial noncorporate business -13.1 -12.8 -24.2 -32.1 -45.2 -25.7 -48.5 -28.7 -12.1 -51.4 46

47 Financial business 2.8 4.6 8.7 9.5 4.0 -5.2 -15.4 -20.2 -10.5 -22.5 47

48 Households and institutions 85.8 65.8 44.9 52.6 69.4 126.3 171.2 208.2 135.2 183.5 48

49 Government -86.7 -62.4 -46.0 -31.9 -26.7 -75.7 -73.5 -161.3 -201.8 -190.4 49

50 Federal -74.9 -57.5 -50.4 -37.7 -24.9 -69.1 -68.2 -148.7 -196.9 -199.2 50

51 State and local -11.9 -4.9 4.5 5.8 -1.8 -6.6 -5.3 -12.6 -4.9 8.8 51

52 Statistical discrepancy (line 21 less line 1) 16.3 23.5 21.2 26.0 47.0 45.3 36.6 4.8 49.7 31.5 52

 Addenda:

53 Disaster losses 0.0 0.2 0.3 0.0 1.1 0.5 0.0 0.9 1.1 0.0 53

54 Private 0.0 0.2 0.3 0.0 1.1 0.5 0.0 0.9 1.1 0.0 54

55 Domestic business 0.0 0.1 0.3 0.0 0.8 0.4 0.0 0.6 0.6 0.0 55

56 Households and institutions 0.0 0.1 0.1 0.0 0.3 0.1 0.0 0.3 0.5 0.0 56

57 Government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 57

58 Federal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 58

59 State and local 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 59

(1) This table is based on NIPA table 5.1 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov). It is consistent with the Integrated Macroeconomic Accounts of the

 United States jointly compiled by the Federal Reserve Board and the Bureau of Economic Analysis.

(2) Consists of net capital transfers shown on table F.9 and the acquisition of nonproduced nonfinancial assets (net) shown on table F.6.

(3) Differs from net lending or net borrowing (capital account) in the Integrated Macroeconomic Accounts of the United States by the statistical discrepancy (line 52).
FFA, 1975-1984, December 6, 2012 7

F.9 Net Capital Transfers (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Capital transfers paid, by sector 16.2 17.9 20.5 19.2 22.1 25.5 25.0 24.8 23.9 26.1 1

 2 By private business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Financial corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Nonfinancial corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 By government 9.7 10.6 11.2 12.0 14.5 16.7 15.7 14.7 15.6 17.8 8

 9 Federal 9.7 10.6 11.2 12.0 14.5 16.7 15.7 14.7 15.6 17.8 9

10 Investment grants to state and local govts. 9.4 10.4 11.0 11.7 14.2 16.3 15.4 14.4 15.4 17.7 10

11 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Financial stabilization payments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Other capital transfers paid to business 0.2 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.0 0.0 13

14 Other capital transfers paid to persons 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Capital transfers paid to the rest of the world (net) 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 15

16 State and local 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 By persons 6.4 7.2 9.3 7.2 7.5 8.8 9.3 10.1 8.3 8.4 18

19 Estate and gift taxes, federal 4.9 5.6 7.2 5.2 5.5 6.5 6.9 7.5 5.8 6.0 19

20 Estate and gift taxes, state and local 1.6 1.7 2.1 2.0 2.0 2.3 2.4 2.6 2.5 2.4 20

21 By the rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Capital transfers received, by sector 16.2 17.9 20.5 19.2 22.1 25.5 25.0 24.8 23.9 26.1 24

25 By private business 0.2 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.0 0.0 25

26 Financial corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Nonfinancial corporations 0.2 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.0 0.0 29

30 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Other 0.2 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.0 0.0 31

32 Noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

34 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 By government 15.9 17.6 20.2 18.9 21.7 25.1 24.7 24.5 23.7 26.0 35

36 Federal 4.9 5.6 7.2 5.2 5.5 6.5 6.9 7.5 5.8 6.0 36

37 Estate and gift taxes paid by persons 4.9 5.6 7.2 5.2 5.5 6.5 6.9 7.5 5.8 6.0 37

38 State and local 11.0 12.0 13.1 13.7 16.2 18.6 17.8 16.9 18.0 20.1 38

39 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Estate and gift taxes paid by persons 1.6 1.7 2.1 2.0 2.0 2.3 2.4 2.6 2.5 2.4 40

41 Investment grants paid by federal government 9.4 10.4 11.0 11.7 14.2 16.3 15.4 14.4 15.4 17.7 41

42 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

43 By persons 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

44 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

45 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

46 By the rest of the world 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 46

47 Capital transfers paid by U.S. government 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 47

48 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48

 Addenda: Net capital transfers paid by sector

49 By private business (lines 2-25) -0.2 -0.2 -0.2 -0.2 -0.2 -0.3 -0.2 -0.2 -0.0 -0.0 49

50 Financial corporations (lines 3-26) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 50

51 Property-casualty insurance companies (line 4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 51

52 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 52

53 Financial stabilization payments (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 53

54 Other (lines 5-27) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54

55 Government-sponsored enterprises (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 55

56 Holding companies (GMAC) (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 56

57 Funding corporations (AIG) (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 57

58 Nonfinancial corporations (lines 6-29) -0.2 -0.2 -0.2 -0.2 -0.2 -0.3 -0.2 -0.2 -0.0 -0.0 58

59 Noncorporate business (lines 7-32) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 59

60 By government (lines 8-35) -6.2 -7.0 -9.1 -6.9 -7.2 -8.4 -8.9 -9.8 -8.2 -8.3 60

61 Federal (lines 9-36) 4.8 5.0 4.0 6.8 9.0 10.2 8.8 7.2 9.8 11.8 61

62 State and local (lines 16-38) -11.0 -12.0 -13.1 -13.7 -16.2 -18.6 -17.8 -16.9 -18.0 -20.1 62

63 By persons (lines 18-43) 6.4 7.2 9.3 7.2 7.5 8.8 9.3 10.1 8.3 8.4 63

64 By the rest of the world (lines 21-46) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 64

(1) This table is based on NIPA table 5.10 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).

(2) Sum of lines 53, 55, 56, and 57 equals the negative of line 12. Series treated as capital losses rather than as capital transfers in the Flow of Funds Accounts.
8 FFA, 1975-1984, December 6, 2012

F.10 Derivation of Measures of Personal Saving (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net acquisition of financial assets 183.3 195.4 243.1 281.5 311.6 321.0 361.9 436.1 456.4 548.9 1

 2 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 -0.0 2

 3 Checkable deposits and currency 1.9 12.5 17.7 19.7 22.8 15.9 48.6 23.2 18.2 18.5 3

 4 Time and savings deposits 81.4 100.0 105.6 98.7 74.9 124.8 71.5 138.0 185.7 223.0 4

 5 Money market fund shares 1.3 -0.3 -0.2 5.7 30.5 24.9 90.2 32.1 -36.8 43.0 5

 6 Securities 10.5 6.9 18.0 30.2 46.4 -0.7 -26.3 30.5 83.6 72.4 6

 7 Open market paper -14.7 -2.9 14.7 14.7 9.8 -3.6 -10.3 6.7 -4.9 21.9 7

 8 U.S. savings bonds 4.0 4.7 4.7 3.9 -0.8 -7.3 -4.3 0.2 3.1 3.0 8

 9 Treasury bills and other Treasury securities 15.8 -13.0 -1.2 1.1 47.2 24.2 -0.1 18.5 42.4 52.8 9

10 Agency- and GSE-backed securities -5.2 2.4 -3.4 0.7 1.2 6.2 -4.1 -3.2 1.4 13.2 10

11 Municipal securities 5.8 6.1 6.0 26.8 19.3 6.5 29.6 40.6 45.6 43.1 11

12 Corporate and foreign bonds 9.9 8.4 3.5 -6.5 -5.6 -13.5 1.8 -2.8 2.2 -8.3 12

13 Corporate equities (2) -4.5 4.2 -6.2 -10.3 -22.4 -12.6 -43.5 -33.0 -28.9 -72.0 13

14 Mutual fund shares -0.7 -2.9 -0.1 -0.2 -2.2 -0.6 4.5 3.5 22.7 18.7 14

15 Life insurance reserves 10.2 9.2 10.0 11.6 10.9 10.3 9.6 7.8 8.8 6.1 15

16 Pension fund reserves 63.5 51.6 70.9 83.3 93.0 117.6 118.2 169.3 163.0 162.6 16

17 Miscellaneous and other assets 14.4 15.6 21.1 32.3 32.9 28.2 50.0 35.2 33.5 23.3 17

18 Gross investment in nonfinancial assets 233.7 277.9 339.6 389.6 424.8 398.4 445.1 430.1 493.6 604.9 18

19 Residential fixed investment 62.2 81.9 109.5 130.6 139.7 122.0 121.4 104.7 151.5 179.1 19

20 Nonresidential fixed investment 38.6 41.9 49.0 59.5 71.5 73.1 89.3 90.2 86.8 103.0 20

21 Consumer durables 131.8 155.3 177.1 198.2 210.9 210.4 226.8 232.7 271.1 316.8 21

22 Nonproduced nonfinancial assets -1.5 -1.3 -1.2 -1.2 -1.3 -1.4 -1.6 -1.8 -2.0 -2.2 22

23 Inventories 2.7 0.1 5.1 2.5 4.0 -5.7 9.2 4.3 -13.7 8.3 23

24 Consumption of fixed capital 166.9 183.6 204.9 231.9 261.7 294.7 322.4 338.9 348.2 371.9 24

25 Residential fixed investment 26.7 29.2 33.1 38.4 44.3 50.6 56.1 60.0 62.4 65.8 25

26 Nonresidential fixed investment 29.0 31.5 34.8 39.0 44.8 51.4 58.4 64.3 66.4 69.4 26

27 Consumer durables 111.2 122.8 137.0 154.4 172.6 192.7 207.9 214.5 219.4 236.7 27

28 Net investment in nonfinancial assets (3) 66.8 94.4 134.7 157.7 163.2 103.7 122.7 91.3 145.4 233.0 28

29 Residential fixed investment 35.5 52.7 76.4 92.2 95.4 71.4 65.3 44.7 89.1 113.2 29

30 Nonresidential fixed investment 9.5 10.4 14.3 20.5 26.7 21.7 30.9 25.9 20.4 33.6 30

31 Consumer durables 20.6 32.5 40.1 43.8 38.3 17.7 18.9 18.2 51.6 80.1 31

32 Nonproduced nonfinancial assets -1.5 -1.3 -1.2 -1.2 -1.3 -1.4 -1.6 -1.8 -2.0 -2.2 32

33 Inventories 2.7 0.1 5.1 2.5 4.0 -5.7 9.2 4.3 -13.7 8.3 33

34 Net increase in liabilities 87.7 125.1 178.6 227.7 260.9 194.4 173.2 182.6 273.7 350.4 34

35 Home mortgages 39.0 60.1 91.4 109.6 116.0 92.5 67.8 54.3 114.6 134.3 35

36 Other mortgages 14.1 17.2 23.3 29.3 46.7 48.5 42.2 56.2 63.6 92.1 36

37 Consumer credit 7.8 22.0 35.8 46.4 43.3 3.4 19.8 18.8 48.2 81.7 37

38 Policy loans 1.6 1.4 1.7 2.6 4.7 6.7 7.4 4.2 1.1 0.4 38

39 Security credit 0.9 3.9 2.0 2.6 0.3 7.3 -1.7 2.8 8.4 -2.3 39

40 Other liabilities 24.3 20.6 24.4 37.2 49.9 36.0 37.7 46.3 37.9 44.2 40

41 Net capital transfers paid (4) 6.4 7.2 9.3 7.2 7.5 8.8 9.3 10.1 8.3 8.4 41

42 Personal saving, FOF concept (FOF) 168.8 171.9 208.5 218.7 221.4 239.0 320.6 354.9 336.4 439.8 42

43 - Net investment in consumer durables 20.6 32.5 40.1 43.8 38.3 17.7 18.9 18.2 51.6 80.1 43

44 - Government insurance and pension fund reserves (5) 1.8 0.6 0.2 0.9 0.5 -0.0 -0.5 -0.0 1.1 3.6 44

45 = Personal saving, NIPA concept (FOF) (6) 146.4 138.8 168.1 174.0 182.5 221.3 302.2 336.8 283.7 356.2 45

46 Personal saving, NIPA concept (NIPA) 125.9 122.8 125.3 142.4 157.5 196.3 236.7 263.9 226.9 296.3 46

47 Difference 20.5 16.1 42.8 31.6 25.0 25.0 65.4 72.9 56.8 59.9 47

 Memo:

48 Disposable personal income 1187.3 1302.3 1435.0 1607.3 1790.9 2002.7 2237.1 2412.7 2599.8 2891.5 48

 Personal saving as a percentage of disposable personal income:

49 FOF concept (FOF data) (line 42) 14.2 13.2 14.5 13.6 12.4 11.9 14.3 14.7 12.9 15.2 49

50 NIPA concept (FOF data) (line 45) 12.3 10.7 11.7 10.8 10.2 11.1 13.5 14.0 10.9 12.3 50

51 NIPA concept (NIPA data) (line 46) 10.6 9.4 8.7 8.9 8.8 9.8 10.6 10.9 8.7 10.2 51

52 Difference (line 47) 1.7 1.2 3.0 2.0 1.4 1.2 2.9 3.0 2.2 2.1 52

(1) Consolidated 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 fund shares (line 14) and life insurance and pension reserves (lines 15 and 16)).

(3) Line 18 less line 24.

(4) Table F.9, line 59 plus line 63.

(5) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.

(6) Line 45 and 46 are conceptually equivalent but measure saving using different data. Line 45 is net acquisition of financial assets net of government insurance and pension fund reserves (line 1 less line 44) plus

 net investment in nonfinancial assets net of consumer durables (line 28 less line 43) less net increase in liabilities (line 34) plus net capital transfers paid (line 41). Line 46 is disposable personal income (line 48) less

 personal outlays (table F.100, line 4).
FFA, 1975-1984, December 6, 2012 9

F.100 Households and Nonprofit Organizations (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Personal income 1334.9 1474.7 1632.5 1836.7 2059.5 2301.5 2582.3 2766.8 2952.2 3268.9 1

 2 - Personal current taxes 147.6 172.3 197.5 229.4 268.7 298.9 345.2 354.1 352.3 377.4 2

 3 = Disposable personal income 1187.3 1302.3 1435.0 1607.3 1790.9 2002.7 2237.1 2412.7 2599.8 2891.5 3

 4 - Personal outlays 1061.3 1179.6 1309.7 1465.0 1633.4 1806.4 2000.4 2148.8 2372.9 2595.2 4

 5 = Personal saving, NIPA (2) 125.9 122.8 125.3 142.4 157.5 196.3 236.7 263.9 226.9 296.3 5

 6 + Government insurance and pension reserves (3) 1.8 0.6 0.2 0.9 0.5 -0.0 -0.5 -0.0 1.1 3.6 6

 7 + Net investment in consumer durables 20.6 32.5 40.1 43.8 38.3 17.7 18.9 18.2 51.6 80.1 7

 8 + Consumption of fixed capital 135.9 149.9 167.7 190.0 213.6 239.7 260.0 270.3 277.7 298.4 8

 9 - Net capital transfers paid (4) 6.4 7.2 9.3 7.2 7.5 8.8 9.3 10.1 8.3 8.4 9

10 = Gross saving less net capital transfers paid 277.8 298.6 324.1 369.9 402.4 444.9 506.0 542.3 549.0 669.9 10

11 Gross investment 298.2 314.6 366.9 401.5 427.4 469.9 571.4 615.2 605.7 729.9 11

12 Capital expenditures 190.1 232.1 278.9 316.4 332.4 318.6 335.1 334.1 412.6 482.7 12

13 Residential 50.3 67.7 90.7 106.1 108.6 94.5 93.4 83.3 121.6 144.5 13

14 Consumer durable goods 131.8 155.3 177.1 198.2 210.9 210.4 226.8 232.7 271.1 316.8 14

15 Nonprofit nonresidential 9.6 10.4 12.3 13.3 14.1 15.1 16.5 19.8 21.9 23.6 15

16 Nonproduced nonfinancial assets -1.5 -1.3 -1.2 -1.2 -1.3 -1.4 -1.6 -1.8 -2.0 -2.2 16

17 Net lending (+) or net borrowing (-) 108.1 82.5 88.1 85.1 95.0 151.3 236.2 281.1 193.1 247.2 17

18 Net acquisition of financial assets 170.1 172.7 219.3 246.4 263.7 266.3 340.0 370.1 379.8 467.3 18

19 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 -0.0 19

20 Checkable deposits and currency 1.3 10.5 15.0 16.5 20.0 13.1 46.3 19.5 9.7 13.4 20

21 Time and savings deposits 81.1 98.6 102.9 95.3 69.1 121.9 70.1 135.6 182.1 219.6 21

22 Money market fund shares 1.3 -0.3 -0.2 5.7 30.5 24.9 90.2 32.1 -36.8 43.0 22

23 Credit market instruments 23.0 7.0 25.9 47.6 80.8 19.1 27.0 77.4 87.1 127.1 23

24 Open market paper -14.7 -2.9 14.7 14.7 9.8 -3.6 -10.3 6.7 -4.9 21.9 24

25 Treasury securities 19.8 -8.6 2.6 4.3 46.8 17.1 -5.2 18.7 42.8 56.4 25

26 Savings bonds 4.0 4.7 4.7 3.9 -0.8 -7.3 -4.3 0.2 3.1 3.0 26

27 Other 15.7 -13.3 -2.1 0.4 47.6 24.5 -0.9 18.6 39.6 53.4 27

28 Agency- and GSE-backed securities -5.2 2.4 -3.4 0.7 1.2 6.2 -4.1 -3.2 1.4 13.2 28

29 Municipal securities 5.8 6.1 6.0 26.8 19.3 6.5 29.6 40.6 45.6 43.1 29

30 Corporate and foreign bonds 9.9 8.4 3.5 -6.5 -5.6 -13.5 1.8 -2.8 2.2 -8.3 30

31 Other loans and advances (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Mortgages 7.4 1.7 2.5 7.6 9.3 6.5 15.1 17.3 0.0 0.8 32

33 Corporate equities (6) -4.5 4.2 -6.2 -10.3 -22.4 -12.6 -43.5 -33.0 -28.9 -72.0 33

34 Mutual fund shares -0.7 -2.9 -0.1 -0.2 -2.2 -0.6 4.5 3.5 22.7 18.7 34

35 Security credit 0.6 0.9 0.0 2.8 1.8 5.9 -1.5 3.1 2.7 1.0 35

36 Life insurance reserves 10.2 9.2 10.0 11.6 10.9 10.3 9.6 7.8 8.8 6.1 36

37 Pension fund reserves 63.5 51.6 70.9 83.3 93.0 117.6 118.2 169.3 163.0 162.6 37

38 Equity in noncorporate business -9.9 -12.1 -6.4 -13.0 -25.7 -40.4 11.0 -53.8 -47.3 -55.0 38

39 Miscellaneous assets 4.0 5.9 7.4 7.1 7.8 7.2 8.0 8.7 16.4 2.9 39

40 Net increase in liabilities 62.0 90.2 131.3 161.2 168.7 115.0 103.8 89.0 186.7 220.2 40

41 Credit market instruments 59.9 85.5 128.0 156.8 166.3 105.3 102.7 84.6 175.3 220.4 41

42 Home mortgages (7) 39.7 57.6 85.9 105.7 116.5 90.2 67.0 47.4 105.1 127.3 42

43 Consumer credit 7.8 22.0 35.8 46.4 43.3 3.4 19.8 18.8 48.2 81.7 43

44 Municipal securities 1.4 2.0 3.4 2.6 2.9 3.1 4.4 8.5 11.4 10.2 44

45 Depository institution loans n.e.c. (8) 8.3 1.5 -0.2 -2.2 -2.7 0.2 1.8 2.1 1.2 -6.7 45

46 Other loans and advances 2.2 1.8 2.2 3.4 5.8 7.7 8.9 5.9 2.0 1.0 46

47 Commercial mortgages 0.5 0.6 0.8 0.8 0.5 0.6 0.8 1.9 7.5 6.9 47

48 Security credit 0.9 3.9 2.0 2.6 0.3 7.3 -1.7 2.8 8.4 -2.3 48

49 Trade payables 0.5 0.2 0.4 0.8 0.7 1.2 1.0 0.8 2.4 3.1 49

 Deferred and unpaid

50 life insurance premiums 0.7 0.6 0.9 1.1 1.3 1.2 1.8 0.8 0.6 -1.0 50

51 Discrepancy -20.5 -16.1 -42.8 -31.6 -25.0 -25.0 -65.4 -72.9 -56.8 -59.9 51

(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) See table F.10 for derivation of alternative measures of personal saving.

(3) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.

(4) Table F.9, line 63.

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

(6) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 34) and life insurance and pension reserves (lines 36 and 37).

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

(8) 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 F.108, line 21.
10 FFA, 1975-1984, December 6, 2012

F.101 Nonfinancial Business (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Income before taxes 238.8 279.1 315.1 361.5 390.0 372.1 386.8 339.4 380.6 459.6 1

 2 Gross saving less net capital transfers paid 160.0 178.4 205.4 231.5 253.7 261.6 316.7 344.1 377.4 431.5 2

 3 Gross investment 111.0 153.9 188.3 201.1 204.0 222.6 311.1 277.3 358.7 431.1 3

 4 Capital expenditures 157.9 202.3 244.8 300.0 348.0 343.3 431.6 377.6 383.4 521.0 4

 5 Fixed investment 164.2 183.2 221.4 273.9 327.6 345.9 396.7 389.2 384.5 452.1 5

 6 Residential 12.4 14.7 19.7 25.6 32.4 28.7 29.2 22.4 31.2 36.1 6

 7 Nonresidential 151.9 168.5 201.7 248.4 295.2 317.2 367.6 366.9 353.2 416.1 7

 8 Change in inventories -6.3 17.1 22.3 25.8 18.0 -6.3 29.8 -14.9 -5.8 65.4 8

 9 Nonproduced nonfinancial assets -0.0 2.0 1.0 0.2 2.5 3.7 5.1 3.3 4.7 3.5 9

10 Net lending (+) or net borrowing (-) -47.0 -48.4 -56.4 -98.8 -144.0 -120.7 -120.6 -100.4 -24.7 -89.9 10

11 Net acquisition of financial assets 29.2 77.4 131.7 152.7 180.7 141.0 243.7 99.9 170.8 304.1 11

12 Foreign deposits 0.5 0.8 2.2 2.6 1.8 -0.4 2.7 -2.3 4.3 -1.1 12

13 Checkable deposits and currency 11.1 6.7 6.5 9.6 9.0 2.4 -18.6 14.1 30.1 18.2 13

14 Time and savings deposits 4.0 6.1 9.3 6.1 8.0 7.6 11.4 11.0 10.0 2.6 14

15 Money market fund shares 0.0 0.0 0.2 0.4 2.4 4.0 11.4 0.6 -7.9 4.9 15

16 Security RPs 0.2 0.3 0.7 0.4 0.6 0.8 -2.1 0.7 0.8 0.7 16

17 Credit market instruments 9.9 12.3 -0.3 5.9 4.3 15.0 27.0 8.6 33.8 33.1 17

18 Commercial paper 3.8 2.1 -1.1 0.1 0.1 -0.5 -0.9 -0.3 4.2 -2.4 18

19 Treasury securities 7.4 7.5 -4.1 -0.7 -2.0 -0.0 5.7 2.3 11.9 5.8 19

20 Agency- and GSE-backed securities -0.5 -0.4 -0.2 0.1 -1.0 0.4 3.6 -2.5 0.9 1.1 20

21 Municipal securities -1.0 -0.6 0.1 0.2 -0.2 4.9 1.2 1.6 6.1 4.2 21

22 Mortgages -0.3 1.6 4.6 4.6 6.2 9.8 16.6 7.0 6.1 21.4 22

23 Consumer credit 0.5 2.1 0.4 1.6 1.2 0.4 0.8 0.4 4.6 3.0 23

24 Mutual fund shares -0.1 -0.0 -0.1 -0.2 0.4 0.3 0.3 1.1 1.2 2.8 24

25 Trade receivables 18.5 32.3 48.1 66.9 76.5 52.0 49.3 3.0 64.8 74.5 25

26 Miscellaneous assets -14.9 19.0 65.2 60.9 77.8 59.3 162.3 63.1 33.7 168.4 26

27 Net increase in liabilities 76.2 125.8 188.1 251.5 324.7 261.7 364.3 200.2 195.5 394.0 27

28 Credit market instruments 35.0 71.2 117.0 141.1 159.6 135.4 190.8 163.7 164.8 320.8 28

29 Commercial paper -2.9 1.4 1.6 2.7 9.0 4.0 14.7 -6.1 -0.8 21.7 29

30 Municipal securities 2.6 2.5 6.7 7.7 10.0 10.9 13.4 15.1 9.4 20.5 30

31 Corporate bonds 27.2 22.8 22.9 21.1 17.3 27.7 24.8 30.7 26.0 48.1 31

32 Depository institution loans n.e.c. -13.8 0.8 23.6 38.4 46.2 32.6 44.4 65.1 27.1 77.0 32

33 Other loans and advances 6.7 18.0 20.2 26.4 29.4 19.8 39.1 8.1 26.3 49.9 33

34 Mortgages 15.2 25.7 42.0 44.8 47.7 40.5 54.4 50.8 76.8 103.6 34

35 Corporate equities 9.9 10.5 2.7 -0.1 -7.8 10.4 -13.5 1.9 20.0 -79.0 35

36 Trade payables 11.0 21.9 35.6 44.5 64.0 34.9 33.1 15.2 7.7 39.5 36

37 Taxes payable -1.2 6.7 2.4 6.0 9.8 5.4 -5.6 -2.8 4.9 4.6 37

38 Miscellaneous liabilities 31.9 27.9 36.9 73.4 125.9 116.6 148.5 76.5 45.8 163.1 38

39 Proprietors’ net investment -10.5 -12.5 -6.5 -13.3 -26.7 -41.0 11.0 -54.3 -47.7 -55.0 39

40 Discrepancy 49.0 24.5 17.0 30.4 49.7 39.1 5.7 66.8 18.8 0.4 40

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
FFA, 1975-1984, December 6, 2012 11

F.102 Nonfinancial Corporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Profits before tax (book) 110.7 138.2 159.5 183.7 197.2 184.1 185.0 140.0 163.4 197.6 1

 2 - Taxes on corporate income 41.9 53.5 60.6 67.6 70.6 68.2 66.0 48.8 61.7 75.9 2

 3 - Net dividends 24.6 27.8 30.9 35.9 37.6 44.7 52.5 54.1 63.2 67.2 3

 4 + Capital consumption allowance (1) 87.4 94.6 108.2 121.9 139.0 159.4 198.9 230.5 254.5 285.0 4

 5 = U.S. internal funds, book 131.6 151.5 176.1 202.1 227.9 230.6 265.3 267.7 292.9 339.4 5

 6 + Foreign earnings retained abroad 7.6 7.2 7.6 11.1 17.6 17.7 13.5 15.2 21.4 22.5 6

 7 + Inventory valuation adjustment (IVA) -10.5 -14.1 -15.7 -23.7 -40.1 -42.1 -24.6 -7.5 -7.4 -4.0 7

 8 - Net capital transfers paid (2) -0.2 -0.2 -0.2 -0.2 -0.2 -0.3 -0.2 -0.2 -0.0 -0.0 8

 9 = Total internal funds + IVA 128.9 144.8 168.2 189.7 205.6 206.5 254.4 275.6 306.9 358.0 9

10 Gross investment 79.9 120.3 151.2 159.3 155.9 167.5 248.7 208.8 288.1 357.6 10

11 Capital expenditures 114.3 156.5 184.0 226.7 255.6 263.4 321.7 281.6 302.4 398.8 11

12 Fixed investment (3) 123.3 137.6 165.8 203.2 239.2 260.4 296.0 297.5 289.7 338.2 12

13 Inventory change + IVA -8.9 17.0 17.2 23.3 13.9 -0.6 20.6 -19.2 8.0 57.1 13

14 Nonproduced nonfinancial assets -0.0 2.0 1.0 0.2 2.5 3.7 5.1 3.3 4.7 3.5 14

15 Net lending (+) or net borrowing (-) -34.4 -36.2 -32.9 -67.4 -99.6 -96.0 -73.0 -72.8 -14.3 -41.2 15

16 Net acquisition of financial assets 26.5 67.1 114.4 130.9 159.5 127.3 210.9 88.1 141.9 277.5 16

17 Foreign deposits 0.5 0.8 2.2 2.6 1.8 -0.4 2.7 -2.3 4.3 -1.1 17

18 Checkable deposits and currency 10.5 4.7 3.8 6.3 6.1 -0.4 -21.0 10.4 21.6 13.1 18

19 Time and savings deposits 3.7 4.7 6.7 2.7 2.2 4.6 9.9 8.6 6.4 -0.9 19

20 Money market fund shares 0.0 0.0 0.2 0.4 2.4 4.0 11.4 0.6 -7.9 4.9 20

21 Security RPs 0.2 0.3 0.7 0.4 0.6 0.8 -2.1 0.7 0.8 0.7 21

22 Credit market instruments 10.5 11.4 -2.1 3.1 2.4 14.8 18.3 4.0 26.7 23.6 22

23 Commercial paper 3.8 2.1 -1.1 0.1 0.1 -0.5 -0.9 -0.3 4.2 -2.4 23

24 Treasury securities 7.4 7.3 -5.0 -1.5 -1.6 0.2 5.0 2.4 9.1 6.3 24

25 Agency- and GSE-backed securities -0.5 -0.4 -0.2 0.1 -1.0 0.4 3.6 -2.5 0.9 1.1 25

26 Municipal securities -1.0 -0.6 0.1 0.2 -0.2 4.9 1.2 1.6 6.1 4.2 26

27 Mortgages -0.1 0.7 3.2 2.0 3.3 8.6 8.5 2.3 1.8 11.4 27

28 Consumer credit 0.9 2.3 0.9 2.1 1.8 1.1 0.9 0.5 4.6 3.0 28

29 Mutual fund shares -0.1 -0.0 -0.1 -0.2 0.4 0.3 0.3 1.1 1.2 2.8 29

30 Trade receivables 17.2 31.0 44.0 60.9 72.4 49.7 44.8 -5.0 57.4 67.6 30

31 Miscellaneous assets -16.0 14.3 59.1 54.7 71.3 54.0 146.6 70.1 31.4 166.7 31

32 U.S. direct investment abroad (4) 12.8 10.1 9.6 13.7 24.4 20.0 11.9 16.0 15.0 17.6 32

33 Insurance receivables 2.3 3.5 4.5 5.7 5.7 4.8 3.8 2.8 3.5 5.1 33

34 Equity in GSEs 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 34

35 Investment in finance co. subs. 2.0 1.0 1.0 1.3 1.1 1.1 1.1 1.1 1.1 1.1 35

36 Other -33.1 -0.3 44.1 33.9 40.1 28.1 129.7 50.1 11.7 142.8 36

37 Net increase in liabilities 60.9 103.3 147.3 198.4 259.2 223.3 283.8 161.0 156.2 318.8 37

38 Net funds raised in markets 24.6 52.3 77.0 82.6 77.9 82.6 112.6 107.7 113.4 128.2 38

39 Net new equity issues 9.9 10.5 2.7 -0.1 -7.8 10.4 -13.5 1.9 20.0 -79.0 39

40 Credit market instruments 14.7 41.7 74.2 82.7 85.8 72.2 126.1 105.8 93.4 207.1 40

41 Commercial paper -2.9 1.4 1.6 2.7 9.0 4.0 14.7 -6.1 -0.8 21.7 41

42 Municipal securities (5) 2.6 2.5 6.7 7.7 10.0 10.9 13.4 15.1 9.4 20.5 42

43 Corporate bonds (4) 27.2 22.8 22.9 21.1 17.3 27.7 24.8 30.7 26.0 48.1 43

44 Depository institution loans n.e.c. -17.2 -4.6 15.3 22.8 30.5 29.7 33.0 71.7 25.0 59.2 44

45 Other loans and advances (6) 2.6 13.0 13.8 15.9 17.0 9.6 28.0 4.9 22.7 46.2 45

46 Mortgages 2.4 6.6 14.0 12.5 2.0 -9.7 12.2 -10.4 11.2 11.4 46

47 Trade payables 9.7 18.9 32.0 40.9 55.7 29.2 27.0 10.8 7.8 34.6 47

48 Taxes payable -2.2 5.5 1.3 4.9 6.9 2.9 -4.0 -4.3 3.1 3.5 48

49 Miscellaneous liabilities 28.9 26.7 36.9 69.9 118.5 108.6 148.2 46.7 31.9 152.5 49

50 Foreign direct investment in U.S. 2.2 3.5 3.2 7.0 9.1 13.2 20.6 8.3 7.9 18.4 50

51 Pension fund contributions payable 1.0 0.5 0.3 0.8 0.9 1.4 0.4 1.9 2.1 0.9 51

52 Other 25.7 22.7 33.4 62.2 108.6 94.1 127.3 36.5 21.9 133.1 52

53 Discrepancy 49.0 24.5 17.0 30.4 49.7 39.1 5.7 66.8 18.8 0.4 53

 Memo:

54 Financing gap (7) -6.7 19.1 23.6 48.3 67.8 74.9 81.0 21.4 16.9 63.3 54

(1) Consumption of fixed capital plus capital consumption adjustment.

(2) Table F.9, line 58.

(3) Nonresidential fixed investment plus residential fixed investment, shown in table F.6, lines 10 and 15 respectively.

(4) 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.

(5) 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.

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

(7) Capital expenditures (line 11) less the sum of U.S. internal funds (line 5) and inventory valuation adjustment (line 7).
12 FFA, 1975-1984, December 6, 2012

F.103 Nonfinancial Noncorporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving = consumption of fixed capital 31.0 33.6 37.1 41.9 48.1 55.1 62.4 68.5 70.6 73.6 1

 2 Gross saving less net capital transfers paid (1) 31.0 33.6 37.1 41.9 48.1 55.1 62.4 68.5 70.6 73.6 2

 3 Gross investment 31.0 33.6 37.1 41.9 48.1 55.1 62.4 68.5 70.6 73.6 3

 4 Capital expenditures 43.6 45.8 60.7 73.2 92.5 79.8 109.9 96.1 81.0 122.2 4

 5 Fixed investment (2) 40.9 45.7 55.6 70.7 88.4 85.5 100.8 91.8 94.8 113.9 5

 6 Change in inventories 2.7 0.1 5.1 2.5 4.0 -5.7 9.2 4.3 -13.7 8.3 6

 7 Net lending (+) or net borrowing (-) -12.6 -12.2 -23.6 -31.4 -44.4 -24.7 -47.6 -27.6 -10.4 -48.7 7

 8 Net acquisition of financial assets 2.7 10.3 17.3 21.8 21.2 13.7 32.8 11.7 28.9 26.5 8

 9 Checkable deposits and currency 0.6 1.9 2.7 3.3 2.9 2.8 2.3 3.7 8.5 5.0 9

10 Time and savings deposits 0.3 1.4 2.6 3.4 5.7 3.0 1.5 2.4 3.6 3.4 10

11 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Credit market instruments -0.5 1.0 1.8 2.8 1.9 0.2 8.7 4.5 7.1 9.5 12

13 Treasury securities 0.0 0.2 0.9 0.8 -0.4 -0.2 0.7 -0.1 2.8 -0.5 13

14 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Mortgages -0.1 0.9 1.4 2.6 2.9 1.2 8.1 4.6 4.3 10.0 15

16 Consumer credit -0.4 -0.2 -0.5 -0.5 -0.6 -0.7 -0.1 -0.0 0.0 0.0 16

17 Trade receivables 1.3 1.3 4.1 6.0 4.1 2.3 4.5 8.0 7.4 6.9 17

18 Miscellaneous assets 1.1 4.7 6.0 6.2 6.5 5.3 15.8 -6.9 2.3 1.7 18

19 Insurance receivables 1.9 3.2 3.9 4.4 4.3 3.7 3.1 3.2 -3.6 11.1 19

20 Equity investment in GSEs (3) 0.3 0.3 0.3 0.4 0.5 0.6 0.7 0.4 0.1 0.1 20

21 Other -1.1 1.2 1.9 1.4 1.7 1.0 12.1 -10.5 5.9 -9.4 21

22 Net increase in liabilities 15.2 22.4 40.8 53.1 65.6 38.4 80.4 39.3 39.4 75.2 22

23 Credit market instruments 20.4 29.5 42.7 58.4 73.8 63.2 64.7 57.9 71.3 113.7 23

24 Depository institution loans n.e.c. 3.5 5.5 8.3 15.5 15.7 2.9 11.4 -6.6 2.1 17.8 24

25 Other loans and advances 4.1 5.0 6.4 10.5 12.3 10.1 11.1 3.3 3.6 3.6 25

26 Mortgages 12.8 19.1 28.0 32.4 45.7 50.2 42.2 61.2 65.6 92.2 26

27 Trade payables 1.3 3.0 3.6 3.6 8.3 5.7 6.1 4.4 -0.1 4.8 27

28 Taxes payable 1.1 1.2 1.1 1.1 2.8 2.5 -1.6 1.5 1.8 1.1 28

29 Miscellaneous liabilities 3.0 1.3 -0.1 3.4 7.4 8.0 0.2 29.8 13.9 10.6 29

30 Proprietors’ net investment -10.5 -12.5 -6.5 -13.3 -26.7 -41.0 11.0 -54.3 -47.7 -55.0 30

(1) Net capital transfers paid from table F.9, line 59.

(2) Nonresidential fixed investment plus residential fixed investment, shown in table F.6, lines 11 and 16 respectively.

(3) Equity in the Farm Credit System.
FFA, 1975-1984, December 6, 2012 13

F.104 State and Local Governments (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Current receipts, NIPA basis 209.6 233.7 259.9 287.6 308.4 338.2 370.2 391.4 428.6 480.2 1

 2 Personal current taxes 26.9 31.1 35.4 40.5 44.0 48.9 54.6 59.1 66.1 76.0 2

 3 Taxes on production and imports 113.2 125.0 136.9 145.6 154.4 166.7 185.7 200.0 218.9 242.5 3

 4 Taxes on corporate income 7.3 9.6 11.4 12.1 13.6 14.5 15.4 14.0 15.9 18.8 4

 5 Contributions for govt. social insurance 1.8 2.2 2.8 3.4 3.9 3.6 3.9 4.0 4.1 4.7 5

 6 Income receipts on assets 11.2 10.4 11.7 14.7 20.1 26.3 32.0 36.7 41.4 47.7 6

 7 Current transfer receipts 48.7 55.0 61.4 71.1 72.7 79.5 81.0 79.1 82.4 89.0 7

 8 Current surplus of government enterprises 0.4 0.4 0.3 0.3 -0.3 -1.2 -2.4 -1.6 -0.2 1.5 8

 9 Current expenditures, NIPA basis 207.1 226.3 246.8 268.9 295.4 329.4 362.7 393.6 423.7 456.2 9

10 Consumption expenditures 165.1 179.5 195.9 213.2 233.3 258.4 282.3 304.9 324.1 347.7 10

11 Govt. social benefit payments to persons 30.8 34.1 37.0 40.8 44.3 51.2 57.1 61.2 66.9 71.2 11

12 Interest payments 11.1 12.5 13.7 14.9 17.2 19.4 22.8 27.1 32.3 37.0 12

13 Subsidies 0.2 0.2 0.2 0.2 0.3 0.4 0.4 0.5 0.4 0.4 13

14 - Wage accruals less disbursements 0.0 0.0 0.0 0.2 -0.1 -0.0 0.0 0.0 0.0 0.0 14

15 Net saving, NIPA basis 2.5 7.4 13.1 18.7 13.0 8.8 7.6 -2.2 4.9 23.9 15

16 + Consumption of fixed capital 20.2 21.3 22.6 24.5 27.5 31.8 36.3 39.5 40.9 42.3 16

17 - Net capital transfers paid (2) -11.0 -12.0 -13.1 -13.7 -16.2 -18.6 -17.8 -16.9 -18.0 -20.1 17

18 = Gross saving less net capital transfers paid 33.7 40.7 48.8 56.9 56.7 59.2 61.6 54.3 63.7 86.3 18

19 Gross investment 39.0 46.0 60.4 60.0 68.2 64.3 63.1 50.6 60.6 85.0 19

20 Fixed investment 43.6 43.8 42.8 49.5 56.8 64.0 65.0 64.8 66.4 75.0 20

21 Nonproduced nonfinancial assets 1.9 1.7 1.6 1.6 1.7 1.8 2.0 2.0 2.2 2.6 21

22 Net lending (+) or net borrowing (-) -6.6 0.4 16.1 8.9 9.7 -1.5 -3.8 -16.2 -8.1 7.5 22

23 Net acq. of financial assets 8.3 22.9 40.1 53.0 41.6 26.6 30.1 32.1 46.3 67.8 23

24 Checkable deposits and currency 0.5 -1.0 1.1 -0.0 -0.4 -0.6 -1.5 -1.6 -0.7 5.0 24

25 Time and savings deposits -1.6 2.1 6.7 7.1 -2.1 -2.0 2.2 3.8 -6.3 0.2 25

26 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Security RPs -0.8 0.2 -0.1 4.1 9.6 5.2 -3.3 2.4 16.6 20.5 27

28 Credit market instruments 7.4 18.2 28.6 36.9 27.7 18.2 32.2 24.5 32.3 36.6 28

29 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Treasury securities 1.3 12.5 21.1 22.3 1.8 7.9 15.0 18.0 23.0 16.8 30

31 Agency- and GSE-backed securities 2.2 2.2 6.3 12.8 19.9 0.4 9.4 1.1 -0.1 4.5 31

32 Municipal securities 2.4 2.4 0.6 -0.7 -0.5 0.2 0.1 0.2 0.6 1.1 32

33 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 4.0 33

34 Mortgages 1.6 1.3 0.6 2.5 6.5 9.8 7.7 5.2 7.9 10.2 34

35 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Trade receivables 1.4 1.7 2.3 3.3 3.9 2.8 2.3 1.3 1.5 3.1 37

38 Taxes receivable 1.6 1.4 1.7 1.4 2.8 3.0 -1.9 1.5 2.7 1.0 38

39 Miscellaneous assets -0.1 0.1 -0.2 0.1 0.1 -0.1 0.1 -0.0 0.1 1.4 39

40 Net increase in liabilities 14.9 22.4 24.0 44.1 31.9 28.1 33.9 48.3 54.4 60.3 40

41 Credit market instruments 11.1 18.5 19.9 39.4 26.6 22.2 27.6 41.7 47.3 52.5 41

42 Municipal securities 11.0 16.4 19.7 41.0 26.4 21.3 26.4 40.8 46.2 44.8 42

43 Short-term (3) -0.3 -4.1 -2.9 0.6 1.0 1.7 1.1 6.7 -1.5 -3.7 43

44 Long-term 11.2 20.5 22.6 40.4 25.4 19.6 25.2 34.0 47.7 48.4 44

45 U.S. government loans 0.2 2.0 0.2 -1.6 0.2 0.9 1.2 1.0 1.1 7.7 45

46 Trade payables 3.8 4.0 4.2 4.7 5.2 5.8 6.3 6.6 7.0 7.8 46

47 Discrepancy -5.3 -5.4 -11.6 -3.1 -11.5 -5.1 -1.5 3.6 3.2 1.3 47

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

(2) Table F.9, line 62.

(3) Debt with original maturity of 13 months or less.
14 FFA, 1975-1984, December 6, 2012

F.105 Federal Government

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Current receipts, NIPA basis 277.6 323.0 364.0 424.0 486.9 532.8 619.9 617.4 643.3 710.0 1

 2 Personal current taxes 120.7 141.2 162.2 188.9 224.6 250.0 290.6 295.0 286.2 301.4 2

 3 Taxes on production and imports 22.1 21.4 22.7 25.3 25.7 33.7 49.9 41.0 44.4 47.3 3

 4 Taxes on corporate income 43.6 54.6 61.6 71.4 74.4 70.3 65.7 49.0 61.3 75.2 4

 5 Taxes from the rest of the world 0.5 0.7 0.7 1.0 1.1 1.6 1.5 1.4 1.2 1.3 5

 6 Contributions for govt. social insurance 88.1 99.8 111.1 128.7 149.8 163.6 193.0 206.0 223.1 254.1 6

 7 Income receipts on assets 4.9 5.9 6.7 8.5 10.7 13.7 18.3 22.2 23.8 26.6 7

 8 Current transfer receipts 1.5 1.6 2.0 2.7 3.1 3.9 4.1 5.7 6.1 7.4 8

 9 Current surplus of government enterprises -3.6 -2.2 -3.0 -2.5 -2.6 -3.9 -3.2 -2.9 -3.0 -3.4 9

10 Current expenditures, NIPA basis 348.3 376.7 410.1 452.9 500.9 589.5 676.7 752.6 819.5 881.5 10

11 Consumption expenditures 129.5 137.1 150.7 163.3 178.9 207.4 238.3 263.3 286.4 309.9 11

12 Government social benefits 134.3 145.6 154.7 165.2 185.8 223.2 254.4 285.4 306.7 312.9 12

13 Other current transfer payments 51.3 55.3 60.8 70.5 72.2 79.7 79.1 77.6 80.5 87.9 13

14 Interest payments 28.9 33.8 37.1 45.3 55.7 69.7 93.9 111.8 124.6 150.3 14

15 Subsidies 4.3 4.9 6.9 8.7 8.2 9.4 11.1 14.6 20.9 20.7 15

16 - Wage accruals less disbursements 0.1 0.1 0.1 0.1 -0.0 0.0 0.1 -0.0 -0.4 0.2 16

17 Net saving, NIPA basis -70.6 -53.7 -46.1 -28.9 -14.0 -56.6 -56.8 -135.3 -176.2 -171.5 17

18 + Consumption of fixed capital 19.7 21.4 23.0 25.0 27.0 30.0 33.8 37.6 40.7 44.5 18

19 - Insurance and pension reserves (1) 1.8 0.6 0.2 0.9 0.5 -0.0 -0.5 -0.0 1.1 3.6 19

20 - Contr. for govt. soc. insur., U.S.-affiliated areas 0.6 0.6 0.8 0.9 0.9 1.0 1.2 1.2 1.3 1.3 20

21 - Net capital transfers paid (2) 4.8 5.0 4.0 6.8 9.0 10.2 8.8 7.2 9.8 11.8 21

22 = Gross saving less net capital transfers paid -58.1 -38.5 -28.1 -12.4 2.5 -37.8 -32.5 -106.0 -147.7 -143.6 22

23 Gross investment -56.5 -39.3 -33.9 -13.2 3.4 -32.0 -43.2 -114.8 -143.0 -138.4 23

24 Fixed investment 19.5 22.6 24.7 27.6 31.6 36.3 41.9 47.5 56.4 64.4 24

25 Nonproduced nonfinancial assets -0.4 -2.4 -1.4 -0.6 -2.8 -4.0 -5.5 -3.6 -4.9 -3.9 25

26 Net lending (+) or net borrowing (-) -75.6 -59.5 -57.2 -40.2 -25.4 -64.3 -79.7 -158.6 -194.5 -198.8 26

27 Net acq. of financial assets 16.9 22.1 9.0 24.7 22.5 25.4 20.4 22.2 13.7 30.5 27

28 U.S. official reserve assets 0.7 2.4 0.3 -3.1 1.4 5.0 4.6 4.4 2.9 2.6 28

29 Checkable deposits and currency 2.7 3.9 -0.4 4.5 -0.8 -2.5 0.4 6.4 -8.3 5.3 29

30 Time and savings deposits 0.1 0.2 0.1 0.1 0.1 -0.2 -0.1 0.5 -0.5 0.5 30

31 Credit market instruments 13.4 8.0 10.0 17.1 19.0 23.7 24.0 15.9 9.7 17.1 31

32 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 32

33 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

34 Other loans and advances 6.9 7.5 5.8 12.8 12.4 16.2 19.1 13.6 8.4 16.6 34

35 Mortgages 6.5 0.4 4.2 4.2 6.6 7.5 4.9 2.4 1.2 0.5 35

36 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Corporate equities (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 Trade receivables 1.2 0.5 -0.8 2.7 2.4 3.8 2.5 4.8 3.8 5.1 38

39 Taxes receivable -1.9 6.3 -1.0 2.7 -0.4 -4.8 -12.0 -11.5 5.4 -1.5 39

40 Miscellaneous assets 0.7 1.0 0.7 0.8 0.8 0.5 0.9 1.6 0.7 1.5 40

41 Net increase in liabilities 92.5 81.6 66.1 64.8 48.0 89.7 100.0 180.8 208.2 229.3 41

42 SDR allocations 0.0 0.0 0.0 0.0 1.1 1.2 1.1 0.0 0.0 0.0 42

43 SDR certificates 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 43

44 Treasury currency 0.8 0.5 0.3 0.5 1.1 0.6 0.4 0.4 0.5 0.6 44

45 Credit market instruments 85.6 69.2 56.3 52.5 35.8 77.4 85.5 161.3 185.2 197.2 45

46 Savings bonds 4.0 4.7 4.7 3.9 -0.8 -7.3 -4.3 0.2 3.1 3.0 46

47 Treasury bills 37.7 6.5 -2.9 0.7 10.9 43.5 28.9 66.8 32.0 30.6 47

48 Other Treasury securities 44.3 58.1 55.4 49.3 27.1 41.8 61.4 95.2 150.2 163.8 48

49 Budget agency securities -0.4 -0.0 -0.8 -1.3 -1.3 -0.5 -0.3 -0.8 -0.0 -0.1 49

50 Multifamily residential mortgages -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 50

51 Trade payables 0.7 5.1 3.2 4.4 2.2 2.3 0.5 4.8 5.0 7.1 51

52 Insurance reserves 2.3 0.6 0.7 0.7 0.5 0.6 0.6 0.8 1.0 1.1 52

53 Miscellaneous liabilities (5) 3.0 5.5 5.7 6.8 6.7 7.0 11.0 12.2 16.6 23.4 53

54 Nonmarketable securities held by pension plans 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 54

55 Other -0.7 0.9 -0.9 -0.3 -1.3 -1.9 1.0 0.2 2.0 4.9 55

56 Discrepancy -1.6 0.8 5.7 0.8 -0.9 -5.8 10.7 8.7 -4.7 -5.3 56

 Memo:

57 Change in cash balance (6) 2.9 3.2 1.1 -8.4 0.6 -3.8 -0.0 7.3 -7.1 6.3 57

(1) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.

(2) Table F.9, line 61 less line 12.

(3) 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.

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

(5) 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.

(6) Time and savings deposits (line 30) plus checkable deposit and currency liabilities of the monetary authority and U.S.-chartered depository institutions sectors (table F.204, lines 3 and 8).
FFA, 1975-1984, December 6, 2012 15

F.106 Rest of the World

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Foreign income from U.S. 146.9 174.8 207.5 245.8 299.6 351.4 393.9 387.5 413.9 514.3 1

 2 U.S. imports 122.7 151.1 182.4 212.3 252.7 293.8 317.8 303.2 328.6 405.1 2

 3 U.S. income payments to rest of world 15.0 15.5 16.9 24.7 36.4 44.9 59.1 64.5 64.8 85.6 3

 4 Current taxes and trans. payments to rest of world 9.1 8.1 8.1 8.8 10.6 12.6 17.0 19.8 20.5 23.6 4

 5 Foreign outlays to U.S. 166.7 181.9 196.5 233.1 298.5 359.9 397.3 384.2 378.9 424.2 5

 6 U.S. exports 138.7 149.5 159.3 186.9 230.1 280.8 305.2 283.2 277.0 302.4 6

 7 U.S. income receipts from rest of world 28.0 32.4 37.2 46.3 68.3 79.1 92.0 101.0 101.9 121.9 7

 8 - Net capital transfers paid (1) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 8

 9 Gross saving less net capital transfers paid (2) -19.8 -7.0 11.0 12.7 1.3 -8.4 -3.2 3.4 35.2 90.2 9

10 Gross investment -22.8 -13.4 18.0 5.1 -25.4 -24.9 -28.5 -32.8 21.0 75.7 10

11 Nonproduced nonfinancial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Net lending (+) or net borrowing (-) -22.8 -13.4 18.0 5.1 -25.4 -24.9 -28.5 -32.8 21.0 75.7 12

13 Net acquisition of financial assets 7.0 27.4 42.7 59.8 35.1 34.7 20.3 41.5 62.8 103.3 13

14 Monetary gold (3) 0.0 0.0 -0.1 -0.1 -0.1 0.0 0.1 0.0 0.0 0.0 14

15 SDR allocations 0.0 0.0 0.0 0.0 1.1 1.2 1.1 0.0 0.0 0.0 15

16 Net interbank assets -9.9 -5.9 -0.8 5.4 20.3 -24.5 -27.7 -1.3 15.3 3.4 16

17 U.S. checkable deposits and currency 0.9 4.5 3.9 2.0 5.9 2.8 -2.2 -1.2 5.7 4.5 17

18 U.S. time deposits 1.5 -1.9 -0.4 2.5 1.2 1.0 2.3 10.4 1.0 4.7 18

19 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Security RPs (net) -0.1 -0.1 -0.1 2.1 1.7 0.3 0.0 1.6 0.7 0.1 20

21 Credit market instruments 8.5 14.3 38.2 29.7 -11.0 26.6 30.0 30.9 28.5 68.6 21

22 Open market paper 0.5 0.3 0.4 0.5 1.9 0.9 -1.3 -1.7 0.8 1.2 22

23 Treasury securities 7.2 12.1 30.8 25.7 -18.4 12.4 7.9 12.8 15.7 27.7 23

24 Official 4.7 9.3 30.2 23.6 -22.4 9.7 5.0 5.8 7.0 4.7 24

25 Private 2.6 2.8 0.5 2.2 4.1 2.6 2.9 7.0 8.7 23.0 25

26 Agency- and GSE-backed securities -0.1 0.6 2.7 1.3 0.5 2.5 1.6 -0.4 -0.0 1.2 26

27 Official 0.9 0.6 2.3 0.7 0.5 2.2 1.3 -0.7 -0.5 0.0 27

28 Private -1.0 -0.0 0.4 0.6 0.1 0.4 0.3 0.3 0.5 1.2 28

29 Municipal securities 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 29

30 U.S. corporate bonds (4) 0.8 1.2 4.1 1.8 2.7 9.0 10.7 15.2 6.2 15.6 30

31 Loans to U.S. corporate business 0.1 0.2 0.2 0.3 2.0 1.6 10.9 4.7 5.7 22.8 31

32 U.S. corporate equities 3.1 0.9 1.3 1.3 1.0 4.2 4.8 3.7 5.0 -3.4 32

33 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

34 Trade receivables 1.8 4.0 1.9 4.1 1.3 8.8 -2.0 0.6 -1.1 0.8 34

35 Security credit 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Miscellaneous assets 1.1 11.4 -1.1 12.8 13.6 14.3 14.0 -3.0 7.7 24.6 36

37 Foreign direct investment in U.S. (5) 2.6 4.3 3.7 7.9 11.9 16.9 25.2 12.6 10.4 24.5 37

38 Other -1.5 7.1 -4.8 4.9 1.7 -2.6 -11.2 -15.7 -2.7 0.1 38

39 Net increase in liabilities 29.8 40.8 24.7 54.7 60.4 59.6 48.8 74.3 41.8 27.7 39

40 U.S. official reserve assets 0.8 2.6 0.3 -0.8 1.1 8.2 5.2 5.0 1.2 3.1 40

41 U.S. private deposits 0.8 1.7 1.3 2.4 9.8 4.5 10.4 2.0 6.5 -0.9 41

42 Credit market instruments 14.1 20.5 13.5 24.0 15.0 24.2 23.5 16.0 17.3 8.4 42

43 Commercial paper 0.4 0.7 0.6 1.0 1.7 2.4 3.9 1.9 6.5 6.2 43

44 Bonds 7.2 8.5 5.1 4.0 3.7 1.2 5.5 6.6 3.1 3.8 44

45 Depository institution loans n.e.c. 3.9 6.8 3.1 18.3 3.1 11.8 3.0 -5.5 3.6 -6.6 45

46 Official 0.3 0.9 0.1 2.1 2.1 4.5 0.8 -0.0 3.0 -0.9 46

47 Banks 1.1 4.2 2.7 9.5 -4.1 4.7 -4.5 0.7 -0.9 -3.1 47

48 Other 2.5 1.7 0.3 6.6 5.0 2.6 6.7 -6.2 1.5 -2.6 48

49 Other loans and advances 2.7 4.5 4.8 0.7 6.5 8.8 11.1 13.0 4.1 5.0 49

50 Foreign corporate equities (6) -0.9 0.4 0.4 -0.4 1.0 2.4 0.2 1.4 3.7 0.9 50

51 Trade payables 0.7 0.3 0.5 0.0 2.2 5.4 -1.1 -5.2 -1.1 -0.6 51

52 Security debt 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 52

53 Miscellaneous liabilities 14.1 15.4 8.7 29.4 31.4 15.0 10.5 55.2 14.2 16.8 53

54 U.S. equity in IBRD, etc. 0.7 1.1 0.7 0.6 0.8 0.7 1.1 1.3 0.7 1.1 54

55 Nonofficial foreign currencies 0.0 -0.1 -0.0 0.1 -0.0 -0.2 -0.2 0.4 0.1 0.4 55

56 U.S. direct investment abroad (4,5) 14.2 11.9 11.8 15.7 26.8 22.9 15.5 18.2 18.0 20.3 56

57 Investment by holding companies 0.0 0.1 0.1 -1.0 -0.8 2.1 6.1 2.2 3.1 0.6 57

58 Other -0.8 2.4 -3.9 13.9 4.6 -10.5 -11.9 33.2 -7.6 -5.5 58

59 Discrepancy (FOF basis) (7) 3.1 6.4 -7.0 7.6 26.6 16.5 25.2 36.2 14.1 14.5 59

 Memo:

60 Net U.S. exports, NIPA basis 16.0 -1.6 -23.1 -25.4 -22.5 -13.1 -12.5 -20.0 -51.6 -102.7 60

61 + Net U.S. income receipts (8) 13.0 16.8 20.3 21.6 31.9 34.2 32.9 36.5 37.1 36.3 61

62 - Current taxes and trans. payments to rest of world 9.1 8.1 8.1 8.8 10.6 12.6 17.0 19.8 20.5 23.6 62

63 = Balance on current account, NIPAs 19.8 7.1 -10.9 -12.6 -1.2 8.5 3.4 -3.3 -35.1 -90.1 63

(1) Table F.9, line 64.

(2) Line 1 minus line 5 minus line 8; equals net lending or net borrowing (-), NIPAs, with the sign reversed. Also equal to line 63 with the sign reversed minus line 8.

(3) U.S. net sales, sign reversed.

(4) 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.

(5) Direct investment is valued on a current-cost basis. Excludes capital gains and losses.

(6) Includes American Depositary Receipts (ADRs).

(7) Balance of payments discrepancy adjusted to NIPA concepts.

(8) Consists of net receipts from foreigners of interest, corporate profits, and employee compensation. Equals difference between GNP and GDP.
16 FFA, 1975-1984, December 6, 2012

F.107 Financial Business (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving less net capital transfers paid 14.7 17.5 22.8 27.8 27.9 24.1 19.8 18.2 29.6 24.6 1

 2 Gross investment 9.2 16.0 19.9 28.8 32.2 37.8 29.1 30.2 49.7 29.7 2

 3 Capital expenditures 12.4 13.4 14.7 18.9 24.5 30.1 36.0 39.8 42.1 50.0 3

 4 Fixed residential investment 0.1 0.0 -0.1 -0.0 -0.0 -0.0 0.0 0.0 -0.0 0.1 4

 5 Fixed nonresidential investment 12.3 13.4 14.7 18.9 24.5 30.1 36.0 39.8 42.1 50.0 5

 6 Net lending (+) or net borrowing (-) -3.1 2.5 5.2 9.9 7.7 7.7 -6.9 -9.6 7.6 -20.4 6

 7 Net acqisition of financial assets 204.4 274.4 347.5 446.5 460.8 458.0 540.4 597.2 646.1 826.2 7

 8 U.S. official reserve assets 0.2 0.1 0.0 2.4 -0.3 3.2 0.4 0.5 -1.7 0.5 8

 9 SDR certificates 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 9

10 Treasury currency 1.0 0.6 0.5 0.5 1.3 0.7 0.7 0.6 0.7 0.7 10

11 Foreign deposits 0.0 0.0 0.0 0.5 4.6 1.7 12.1 4.9 -1.8 -0.9 11

12 Net interbank assets 2.4 -2.3 5.0 9.5 2.1 -3.0 -6.3 2.3 -4.6 5.6 12

13 Checkable deposits and currency 1.3 0.8 1.0 1.5 1.9 0.8 -0.2 2.0 -1.3 1.9 13

14 Time and savings deposits 4.2 2.6 5.1 10.3 13.8 15.2 34.0 13.6 4.3 7.3 14

15 Money market fund shares 0.0 0.3 0.2 0.8 1.5 2.3 8.2 0.9 4.2 4.8 15

16 Federal funds and security RPs 1.4 3.3 0.3 1.8 3.9 7.1 12.5 9.5 -5.6 18.0 16

17 Credit market instruments 147.2 229.2 285.6 350.1 377.3 337.6 397.8 403.6 502.9 672.9 17

18 Open market paper 9.2 8.6 1.0 2.4 25.7 22.4 63.7 0.9 26.8 31.3 18

19 Treasury securities 50.4 45.8 6.8 2.3 9.0 40.6 62.5 110.4 92.0 90.7 19

20 Agency- and GSE-backed securities 12.7 9.9 16.8 20.4 25.4 33.6 34.8 68.6 65.6 54.9 20

21 Municipal securities 7.7 13.1 23.0 24.7 20.5 23.5 13.1 21.9 14.7 27.0 21

22 Corporate and foreign bonds 31.8 28.7 32.6 36.4 27.4 40.9 24.4 39.6 37.0 76.9 22

23 Depository institution loans n.e.c. -13.6 7.5 28.7 57.7 54.0 48.1 54.2 64.8 34.5 67.7 23

24 Other loans and advances 1.7 16.3 24.8 28.8 37.3 27.7 48.4 10.9 14.7 40.6 24

25 Mortgages 40.1 79.3 116.5 132.5 136.0 97.7 77.7 68.2 174.0 205.2 25

26 Consumer credit 7.2 19.9 35.4 44.8 42.1 3.1 19.0 18.4 43.6 78.7 26

27 Corporate equities 9.3 7.7 10.4 12.9 17.8 22.6 28.7 37.3 51.1 3.5 27

28 Mutual fund shares 0.4 0.4 0.4 -0.5 1.0 1.5 -2.3 3.9 0.1 1.6 28

29 Trade receivables 0.6 1.2 1.3 1.5 1.9 2.0 2.6 2.1 2.7 3.6 29

30 Security credit 1.9 10.5 4.3 -0.2 -0.6 8.0 3.6 2.8 10.8 3.5 30

31 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Miscellaneous assets 34.5 19.2 33.3 55.4 34.0 57.5 47.9 112.0 84.4 103.2 32

33 Net increase in liabilities 207.5 271.9 342.2 436.6 453.1 450.3 547.3 606.8 638.5 846.6 33

34 Net interbank liabilities -11.7 -8.6 -2.8 16.1 18.6 -33.8 -37.6 -8.0 -1.5 15.7 34

35 Checkable deposits and currency 19.4 25.1 30.1 20.6 36.8 17.2 28.0 37.8 39.5 46.9 35

36 Time and savings deposits 89.2 107.7 123.8 121.4 90.0 143.4 119.9 174.9 190.7 234.9 36

37 Money market fund shares 1.3 -0.0 0.2 6.9 34.4 31.2 109.9 33.6 -40.5 52.7 37

38 Federal funds and security RPs 4.8 15.5 4.6 22.6 13.3 22.4 22.4 26.2 9.8 31.6 38

39 Credit market instruments 3.6 24.2 53.4 73.6 94.9 75.8 107.8 93.6 104.3 156.2 39

40 Open market paper 1.3 6.0 12.8 13.9 26.8 12.9 32.7 9.9 21.3 24.0 40

41 Agency- and GSE-backed securities 9.4 14.6 23.1 36.7 47.3 43.6 45.5 64.5 67.7 75.0 41

42 Corporate and foreign bonds 8.1 7.0 12.3 6.6 3.6 7.6 6.7 14.8 17.4 36.3 42

43 Depository institution loans n.e.c. -12.0 -1.6 2.2 3.3 7.4 3.4 4.8 3.1 2.5 4.0 43

44 Other loans and advances -3.1 -2.4 3.2 12.9 9.8 8.3 18.1 1.2 -4.6 16.4 44

45 Mortgages -0.1 0.5 -0.2 0.2 -0.0 -0.0 0.0 0.1 0.0 0.4 45

46 Corporate equities -1.1 1.9 2.4 4.4 3.2 1.5 3.3 4.7 3.5 6.2 46

47 Mutual fund shares -0.4 -2.5 0.2 -0.9 -0.8 1.2 2.4 8.5 24.0 23.1 47

48 Trade payables 0.1 0.1 0.1 0.1 0.2 0.4 0.4 0.5 2.5 0.4 48

49 Security credit 1.6 7.5 2.2 -0.1 1.0 6.7 3.8 3.1 5.2 6.8 49

50 Life insurance reserves 7.9 8.6 9.3 10.9 10.4 9.7 8.9 7.0 7.8 5.0 50

51 Pension fund reserves 63.5 51.6 70.9 83.3 93.0 117.6 118.2 169.3 163.0 162.6 51

52 Taxes payable -0.3 0.5 0.9 1.0 0.1 0.2 -0.8 0.4 -0.2 -0.1 52

53 Equity in noncorporate business 0.6 0.4 0.1 0.4 1.0 0.6 0.1 0.5 0.3 -0.0 53

54 Miscellaneous liabilities 28.8 39.9 46.7 76.4 57.0 56.3 60.5 54.9 130.1 104.7 54

55 Discrepancy 5.5 1.6 2.9 -1.0 -4.4 -13.6 -9.4 -12.0 -20.1 -5.1 55

(1) Sum of financial sectors shown on tables F.108 through F.129.
FFA, 1975-1984, December 6, 2012 17

F.108 Monetary Authority (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.2 -0.0 0.2 0.6 0.1 0.1 0.4 0.1 0.4 0.4 1

 2 Fixed nonresidential investment 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.1 0.1 2

 3 Net acquisition of financial assets 11.3 9.7 8.5 13.3 10.9 7.1 8.2 12.4 9.4 14.6 3

 4 U.S. official reserve assets 0.2 0.1 0.0 2.4 -0.3 3.2 0.4 0.5 -1.7 0.5 4

 5 SDR certificates 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 5

 6 Treasury currency 1.0 0.6 0.5 0.5 1.3 0.7 0.7 0.6 0.7 0.7 6

 7 Federal Reserve float (2) 1.7 -1.1 1.2 2.7 0.3 -2.3 -2.7 1.0 -1.2 -0.7 7

 8 Interbank loans (2) -0.1 -0.2 0.2 0.9 0.3 0.4 -0.2 -0.9 0.2 2.7 8

 9 Discount window (3) -0.1 -0.2 0.2 0.9 0.3 0.4 -0.2 -0.9 0.2 2.7 9

10 AMLF (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Security RPs 0.3 3.1 -1.5 -1.5 0.6 1.0 0.4 2.1 -3.8 0.0 11

12 Credit market instruments 8.2 6.7 8.7 8.5 7.1 3.5 8.8 7.7 14.7 8.4 12

13 Open market paper 0.2 -0.5 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Treasury securities 6.7 6.6 7.7 8.6 6.8 3.0 8.4 7.9 15.0 8.7 14

15 Treasury bills 0.4 1.4 3.0 0.6 3.1 -1.6 5.7 5.1 0.0 16.6 15

16 Other Treasury securities 6.2 5.2 4.7 8.0 3.7 4.6 2.8 2.8 15.0 -7.9 16

17 Agency- and GSE-backed securities 1.4 0.7 1.2 -0.1 0.3 0.5 0.4 -0.2 -0.3 -0.3 17

18 Mortgage-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Other agency- and GSE-baked securities 1.4 0.7 1.2 -0.1 0.3 0.5 0.4 -0.2 -0.3 -0.3 19

20 Depository institution loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Households (TALF) (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Rest of world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Brokers and dealers (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Funding corporations (Maiden Lane) (7) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Funding corporations (AIG) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Funding corporations (Maiden Lane II) (8) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Funding corporations (Maiden Lane III) (9) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Funding corporations (CPFF) (10) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Corporate equities (11) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Miscellaneous assets -0.1 -0.3 -0.7 -0.2 1.2 -0.1 0.0 0.1 0.5 3.0 30

31 Nonofficial foreign currencies (12) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Other -0.1 -0.3 -0.7 -0.2 1.2 -0.1 0.0 0.1 0.5 3.0 32

33 Net increase in liabilities 11.3 9.7 8.5 13.2 10.8 7.0 8.1 12.3 9.3 14.4 33

34 Depository institution reserves 0.2 -0.9 1.7 4.4 -1.4 -2.3 -2.2 1.3 -5.0 0.4 34

35 Vault cash of commercial banks 0.6 -0.1 1.8 1.5 3.0 1.3 -1.2 0.9 1.5 3.2 35

36 Checkable deposits and currency 10.7 10.6 4.8 6.3 8.2 9.0 10.9 10.2 13.0 10.3 36

37 Due to federal government 4.5 3.1 -3.3 -3.1 0.1 -1.1 1.2 0.7 -1.3 1.7 37

38 Treasury cash holdings 0.3 -0.0 -0.1 -0.2 0.3 -0.1 0.0 -0.0 0.0 0.1 38

39 Treasury general deposit account 4.2 3.1 -3.3 -2.9 -0.1 -1.0 1.2 0.7 -1.4 1.7 39

40 Treasury temporary supplementary financing account 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Due to rest of the world -0.0 0.2 -0.0 0.1 0.1 -0.2 0.1 -0.2 0.0 -0.0 41

42 Due to government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

43 Currency outside banks 6.3 7.4 8.2 9.3 8.0 10.3 9.5 9.7 14.3 8.6 43

44 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

45 Miscellaneous liabilities -0.3 0.1 0.2 1.1 1.0 -1.0 0.6 -0.0 -0.1 0.5 45

46 Federal Reserve Bank stock 0.0 0.1 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 46

47 Other -0.3 0.0 0.1 1.0 1.0 -1.1 0.6 -0.1 -0.2 0.4 47

48 Discrepancy 0.1 -0.2 0.0 0.5 -0.0 -0.1 0.1 -0.2 0.1 0.1 48

(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 F.203.

(3) Federal Reserve loans extended to U.S.-chartered depository institutions through term auction credit, primary credit, secondary credit, and seasonal credit.

(4) Federal Reserve loans extended to U.S.-chartered depository institutions 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 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.
18 FFA, 1975-1984, December 6, 2012

F.109 Private Depository Institutions (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving less net capital transfers paid (2) 8.7 10.3 10.3 9.5 9.1 3.2 -2.8 -4.3 5.3 6.6 1

 2 Fixed nonresidential investment 4.9 5.6 6.2 8.5 10.2 12.5 14.6 15.4 14.9 16.7 2

 3 Net lending (+) or net borrowing (-) -4.1 -1.8 -2.2 0.2 -1.4 -1.8 -12.9 -18.2 -11.7 -23.2 3

 4 Net acquisition of financial assets 91.5 139.1 180.4 222.3 189.4 172.2 147.8 208.8 284.5 369.4 4

 5 Vault cash 0.6 -0.1 1.8 1.5 3.0 1.3 -1.2 0.9 1.5 3.2 5

 6 Reserves at Federal Reserve 0.2 -0.9 1.7 4.4 -1.4 -2.3 -2.2 1.3 -5.0 0.4 6

 7 Credit market instruments 82.4 132.8 167.5 198.8 188.8 158.0 135.2 152.9 276.8 326.5 7

 8 Open market paper 3.8 4.0 0.4 -0.8 2.8 2.9 2.0 2.1 -1.1 -3.2 8

 9 Treasury securities 34.4 22.6 -0.4 -9.3 -1.4 17.7 2.4 24.0 62.0 10.5 9

10 Agency- and GSE-backed securities 8.3 5.4 8.3 12.5 11.7 20.6 17.6 39.8 38.6 15.1 10

11 Municipal securities 3.4 3.6 9.6 10.1 9.0 12.7 5.2 4.3 3.5 12.2 11

12 Corporate and foreign bonds 4.1 4.8 -1.2 2.1 -1.9 6.9 -3.4 8.2 15.6 16.4 12

13 Depository institution loans n.e.c. -13.6 7.5 28.7 57.7 54.0 48.1 54.2 64.8 34.5 67.7 13

14 Other loans and advances 0.2 3.8 3.1 -0.7 7.5 7.3 11.3 7.7 6.9 3.8 14

15 Mortgages 34.0 62.7 89.3 92.0 78.8 47.9 37.9 -9.3 81.8 134.3 15

16 Consumer credit 7.8 18.2 29.6 35.1 28.3 -6.2 8.0 11.4 35.0 69.7 16

17 Corporate equities 0.2 0.1 0.4 0.1 -0.0 -0.5 -0.6 -0.5 0.3 -0.2 17

18 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Security credit 0.9 6.6 2.2 -2.9 -0.9 0.8 5.3 0.0 2.4 5.8 19

20 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Miscellaneous assets 7.2 0.6 6.7 20.4 -0.1 14.9 11.3 54.2 8.6 33.7 21

22 Net increase in liabilities 95.6 140.9 182.5 222.1 190.7 174.0 160.7 227.1 296.2 392.6 22

23 Net interbank liabilities -12.5 -7.6 -6.3 10.2 17.0 -32.8 -34.2 -10.2 2.1 12.1 23

24 Checkable deposits 8.7 14.5 25.3 14.3 28.6 8.2 17.1 27.6 26.5 36.6 24

25 Small time and savings deposits 98.4 121.5 95.2 66.6 60.6 83.9 58.2 151.1 201.9 148.1 25

26 Large time deposits -9.1 -13.8 28.6 54.8 29.3 59.5 61.7 23.8 -11.3 86.8 26

27 Federal funds and security RPs (net) 2.5 13.3 10.0 23.9 15.7 21.5 14.0 1.5 25.8 14.5 27

28 Credit market instruments -3.5 2.6 9.2 12.6 19.7 15.8 27.4 12.9 0.6 25.6 28

29 Open market paper 0.2 3.8 3.2 -0.7 8.9 8.1 11.7 11.1 5.3 3.7 29

30 Corporate bonds 0.2 0.8 1.7 0.8 1.6 0.5 -0.6 1.0 -0.1 5.5 30

31 Other loans and advances -4.0 -2.0 4.3 12.5 9.2 7.1 16.2 0.8 -4.6 16.4 31

32 Corporate equity issues 1.0 1.6 0.6 1.1 1.3 0.4 0.5 0.6 0.8 1.1 32

33 Taxes payable (net) -0.2 0.2 0.4 0.3 0.2 -0.5 -0.3 -0.1 -0.0 -0.1 33

34 Miscellaneous liabilities 10.3 8.6 19.5 38.1 18.2 18.0 16.4 19.9 49.9 68.0 34

35 Foreign direct investment in U.S. 0.0 0.1 0.1 0.2 0.6 1.1 1.9 1.5 0.9 1.7 35

36 Investment by holding companies 7.0 4.5 6.4 5.8 6.2 4.7 12.6 14.0 12.3 18.3 36

37 Investment by funding corporations 0.0 0.0 0.0 0.0 0.0 0.4 -1.3 1.9 2.2 0.3 37

38 Other 3.3 3.9 13.0 32.1 11.3 11.9 3.2 2.5 34.5 47.7 38

39 Discrepancy 7.8 6.5 6.3 0.8 0.2 -7.5 -4.5 -1.5 2.1 13.1 39

 Memo:

40 Consumer leases not included above (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

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

(2) Net capital transfers paid from table F.9, line 54.

(3) 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; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
FFA, 1975-1984, December 6, 2012 19

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving less net capital transfers paid (1) 8.3 9.8 9.6 8.7 8.3 2.4 -4.0 -5.6 3.8 4.4 1

 2 Fixed nonresidential investment 4.6 5.3 5.8 7.8 9.2 11.1 13.0 13.9 13.4 15.0 2

 3 Net acquisition of financial assets 83.9 127.0 167.6 191.6 168.8 149.7 129.1 165.6 268.1 342.8 3

 4 Vault cash 0.6 -0.1 1.8 1.5 3.0 1.3 -1.2 0.9 1.5 3.2 4

 5 Reserves at Federal Reserve 0.2 -0.9 1.7 3.8 -1.4 -2.5 -2.8 0.9 -4.4 0.1 5

 6 Credit market instruments 75.4 120.4 154.4 172.8 170.3 138.1 120.1 134.0 259.4 296.8 6

 7 Open market paper 3.8 3.6 0.3 -1.8 2.2 2.1 1.0 2.8 -0.8 -2.3 7

 8 Treasury securities 33.9 21.8 -0.7 -8.8 -1.8 16.7 1.8 22.8 58.8 10.3 8

 9 Agency- and GSE-backed securities 7.7 4.9 8.0 12.5 12.6 20.0 17.2 38.8 36.8 15.6 9

10 Residential mortgage pass-through securities 4.5 4.0 4.8 4.9 5.0 8.8 6.9 32.1 34.0 10.5 10

11 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Residential CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Other 3.3 1.0 3.2 7.5 7.6 11.2 10.3 6.7 2.8 5.1 14

15 Municipal securities 3.3 3.2 9.6 9.9 9.2 12.7 5.7 4.3 3.6 12.3 15

16 Corporate and foreign bonds 4.0 4.9 -1.4 1.8 -2.2 6.5 -3.3 8.3 15.3 14.6 16

17 Private residential mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Private commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Private residential CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Private commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Other 4.0 4.9 -1.4 1.8 -2.2 6.5 -3.3 8.3 15.3 14.5 21

22 Depository institution loans n.e.c. -14.8 4.1 24.0 39.6 40.8 32.2 47.5 49.9 33.0 60.7 22

23 Other loans and advances 0.2 3.0 2.5 -0.4 6.0 5.8 8.2 7.0 4.6 -2.8 23

24 Mortgages 33.3 62.3 88.9 92.4 77.4 44.9 36.6 -9.2 80.2 130.7 24

25 Consumer credit 4.0 12.7 23.2 27.5 26.1 -2.9 5.3 9.3 27.7 57.9 25

26 Corporate equities 0.2 0.1 0.4 0.1 -0.1 -0.5 -0.6 -0.5 0.3 -0.2 26

27 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Security credit 1.0 6.2 1.8 -3.0 -0.8 1.2 4.7 0.5 2.0 4.7 28

29 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Miscellaneous assets 6.4 1.3 7.5 16.4 -2.2 12.2 8.8 29.9 9.4 38.1 30

31 Net increase in liabilities 87.9 128.9 168.8 191.0 168.8 150.3 141.9 184.1 279.7 366.2 31

32 Net interbank liabilities -7.9 -10.1 -3.9 -1.2 8.3 -39.7 -42.0 -29.1 0.5 8.7 32

33 Federal Reserve float 1.7 -1.1 1.2 2.7 0.3 -2.3 -2.7 1.0 -1.2 -0.7 33

34 Borrowing from Federal Reserve banks -0.1 -0.2 0.2 0.9 0.3 0.4 -0.2 -0.9 0.2 2.7 34

35 To domestic banking -1.1 0.0 -3.7 -6.9 -6.7 -14.2 -16.0 -3.2 -6.2 7.9 35

36 To foreign banks -8.4 -8.9 -1.7 2.1 14.5 -23.6 -23.1 -25.9 7.7 -1.2 36

37 Checkable deposits 7.4 11.6 22.1 11.3 26.4 11.8 22.6 27.4 24.8 36.6 37

38 Federal government -1.7 -0.1 4.3 -5.4 0.4 -2.6 -1.1 6.1 -5.3 4.0 38

39 Rest of the world -0.5 1.7 1.7 -0.0 3.4 -0.2 -3.0 -2.2 1.4 3.0 39

40 Private domestic 9.5 10.1 16.1 16.8 22.7 14.5 26.7 23.5 28.7 29.6 40

41 Small time and savings deposits 92.4 115.6 87.2 59.3 55.7 80.5 53.9 142.0 189.2 136.3 41

42 Large time deposits -12.3 -14.3 26.1 48.2 25.5 51.9 53.6 13.7 -3.4 82.8 42

43 Federal funds and security RPs (net) 2.5 13.3 10.0 23.9 15.7 22.3 15.6 2.3 23.3 15.1 43

44 Credit market instruments -3.5 1.9 8.6 12.9 17.9 13.9 24.1 11.3 -1.7 18.3 44

45 Open market paper 0.2 3.1 2.5 -0.4 7.1 6.2 8.5 9.5 3.0 -3.6 45

46 Corporate bonds 0.2 0.8 1.7 0.8 1.6 0.5 -0.6 1.0 -0.1 5.5 46

47 Other loans and advances -4.0 -2.0 4.3 12.5 9.2 7.1 16.2 0.8 -4.6 16.4 47

48 Corporate equity issues 1.0 1.6 0.6 1.1 1.3 0.4 0.5 0.6 0.8 1.1 48

49 Taxes payable (net) -0.2 0.2 0.4 0.3 0.2 -0.5 -0.3 -0.1 -0.0 -0.1 49

50 Miscellaneous liabilities 8.5 9.0 17.8 35.0 17.8 9.9 13.9 15.9 46.2 67.4 50

51 Investment by holding companies 7.0 4.5 6.4 5.8 6.2 4.7 12.6 14.0 12.3 18.3 51

52 Other 1.5 4.5 11.4 29.3 11.5 5.2 1.3 1.9 33.9 49.1 52

53 Discrepancy 7.7 6.4 5.0 0.3 -0.9 -8.1 -4.3 -1.1 2.0 12.9 53

 Memo:

54 Consumer leases not included above (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54

(1) Net capital transfers paid from table F.9, line 54.

(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; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
20 FFA, 1975-1984, December 6, 2012

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.0 0.1 0.1 0.2 0.3 0.4 0.5 0.5 0.6 0.6 1

 2 Fixed nonresidential investment 0.1 0.1 0.2 0.4 0.6 0.9 1.0 1.0 1.0 1.1 2

 3 Net acquisition of financial assets 1.4 5.1 5.4 21.3 15.8 17.3 14.2 42.2 1.0 13.0 3

 4 Reserves at Federal Reserve 0.0 0.0 0.0 0.6 -0.0 0.2 0.6 0.3 -0.7 0.3 4

 5 Credit market instruments 1.3 5.0 5.5 19.3 16.8 19.8 12.5 14.2 3.7 12.9 5

 6 Open market paper -0.0 0.5 0.1 1.0 0.6 0.8 1.0 -0.7 -0.4 -0.9 6

 7 Treasury securities 0.1 0.6 0.0 0.3 0.5 0.6 0.4 0.8 1.6 -0.6 7

 8 Agency- and GSE-backed securities -0.3 -0.0 -0.1 0.2 0.0 -0.0 0.2 -0.0 0.1 -0.1 8

 9 Municipal securities 0.0 0.0 0.0 -0.1 0.1 0.2 -0.1 -0.1 -0.1 -0.1 9

10 Corporate and foreign bonds 0.0 -0.1 0.2 0.1 0.1 0.0 0.3 0.1 0.4 1.8 10

11 Depository institution loans n.e.c. 1.2 3.5 4.7 18.1 13.2 15.5 5.8 12.2 -0.4 5.7 11

12 Other loans and advances 0.0 0.8 0.6 -0.3 1.5 1.5 3.0 0.8 2.2 6.6 12

13 Mortgages 0.1 -0.1 -0.0 0.0 0.8 1.3 1.7 1.1 0.2 0.4 13

14 Corporate equities 0.0 0.0 0.0 0.0 0.0 -0.0 -0.1 0.0 0.0 -0.1 14

15 Security credit -0.1 0.4 0.5 0.1 -0.0 -0.4 0.6 -0.5 0.5 1.1 15

16 Miscellaneous assets 0.3 -0.5 -0.6 1.3 -0.9 -2.3 0.6 28.1 -2.5 -1.2 16

17 Net increase in liabilities 1.6 5.3 5.7 21.8 16.6 18.1 14.5 42.4 1.3 13.3 17

18 Net interbank liabilities -4.1 2.1 -0.9 10.4 10.8 9.8 8.3 27.0 3.8 3.1 18

19 To foreign banks -1.4 3.0 0.9 3.4 5.8 -0.8 -4.6 24.6 7.6 4.6 19

20 To domestic banks -2.7 -0.9 -1.7 7.1 5.0 10.7 13.0 2.3 -3.8 -1.5 20

21 Checkable deposits 0.6 2.4 3.0 2.5 0.8 -5.6 -6.1 -1.7 0.3 -1.0 21

22 Small time and savings deposits 0.4 0.0 0.2 0.7 0.5 0.8 0.9 0.9 -0.9 0.5 22

23 Large time deposits 3.0 0.4 2.0 5.7 3.2 7.1 6.8 9.8 -8.7 3.9 23

24 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.5 -0.3 24

25 Acceptance liabilities 0.0 0.8 0.6 -0.3 1.8 1.9 3.2 1.6 2.2 7.3 25

26 Miscellaneous liabilities 1.7 -0.4 0.7 2.7 -0.5 4.1 1.4 4.9 1.0 -0.0 26

27 Foreign direct investment in U.S. 0.0 0.1 0.1 0.2 0.6 1.1 1.9 1.5 0.9 1.7 27

28 Investment by funding corporations 0.0 0.0 0.0 0.0 0.0 0.4 -1.3 1.9 2.2 0.3 28

29 Other 1.7 -0.5 0.6 2.5 -1.1 2.7 0.8 1.5 -2.1 -2.0 29

30 Discrepancy 0.1 0.1 0.2 0.2 0.4 0.4 -0.3 -0.2 -0.1 -0.2 30

(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).
FFA, 1975-1984, December 6, 2012 21

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Net acquisition of financial assets 0.9 0.5 0.3 1.3 1.3 2.7 3.4 -0.8 3.3 -1.3 3

 4 Credit market instruments 0.4 0.6 0.3 0.2 -0.0 0.9 0.5 2.4 1.6 1.5 4

 5 Treasury securities 0.1 0.1 0.2 -0.1 0.0 0.1 0.0 0.1 0.2 0.0 5

 6 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 6

 7 Municipal securities 0.1 0.4 -0.1 0.3 -0.2 -0.1 -0.4 0.0 0.0 0.0 7

 8 Corporate and foreign bonds 0.0 0.1 0.1 0.2 0.1 0.4 -0.4 -0.2 -0.1 0.1 8

 9 Depository institution loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.4 0.8 2.7 1.8 1.3 9

10 Home mortgages -0.0 0.1 -0.0 0.1 0.1 0.1 0.1 -0.2 0.0 0.1 10

11 Commercial mortgages 0.2 -0.1 0.1 -0.3 0.0 0.0 0.4 0.0 -0.3 -0.0 11

12 Miscellaneous assets 0.6 -0.1 0.0 1.1 1.3 1.8 2.9 -3.2 1.7 -2.8 12

13 Net increase in liabilities 1.1 0.5 0.8 1.6 2.1 3.0 3.4 -0.3 3.4 -0.9 13

14 Net interbank liabilities -0.1 0.2 -0.5 -0.3 -0.9 -0.4 -0.1 -0.5 -0.2 -0.5 14

15 Checkable deposits 0.7 0.3 -0.2 0.1 1.1 0.1 0.1 0.1 -0.9 -0.5 15

16 Small time and savings deposits 0.2 0.1 0.5 0.8 0.5 0.4 1.2 0.1 0.9 0.0 16

17 Large time deposits 0.2 0.1 0.5 0.8 0.5 0.4 1.2 0.1 0.9 0.0 17

18 Miscellaneous liabilities 0.1 -0.0 0.4 0.3 0.8 2.5 0.9 -0.0 2.7 0.1 18

19 Discrepancy 0.1 -0.0 0.4 0.3 0.8 0.3 0.0 0.4 0.1 0.4 19

(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.

F.113 Credit Unions

Billions of dollars

 1 Gross saving 0.3 0.5 0.6 0.7 0.5 0.4 0.8 0.8 1.0 1.5 1

 2 Fixed nonresidential investment 0.1 0.2 0.2 0.3 0.3 0.4 0.4 0.5 0.5 0.6 2

 3 Net acquisition of financial assets 5.3 6.5 7.0 8.1 3.4 2.5 1.1 1.8 12.2 14.9 3

 4 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Credit market instruments 5.4 6.6 7.2 6.4 1.7 -0.8 2.0 2.3 12.1 15.3 5

 6 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 6

 7 Treasury securities 0.3 0.2 0.1 -0.7 -0.1 0.3 0.1 0.3 1.4 0.8 7

 8 Agency- and GSE-backed securities 0.8 0.5 0.4 -0.1 -1.0 0.7 0.3 0.9 1.7 -0.4 8

 9 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Depository institution loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Home mortgages 0.5 0.5 0.3 -0.3 0.6 1.5 -1.0 -1.0 1.7 3.2 11

12 Consumer credit 3.8 5.5 6.4 7.6 2.2 -3.3 2.7 2.1 7.3 11.7 12

13 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Miscellaneous assets -0.1 -0.1 -0.2 1.7 1.7 3.3 -0.9 -0.5 0.0 -0.4 14

15 Net increase in liabilities 5.0 6.2 7.3 7.8 3.2 2.5 0.9 0.9 11.8 13.9 15

16 Net interbank liabilities -0.4 0.2 -1.0 1.3 -1.2 -2.5 -0.4 -7.6 -2.0 0.8 16

17 Shares/deposits 5.5 6.0 7.7 6.4 4.4 4.2 2.9 10.2 14.9 12.9 17

18 Checkable 0.0 0.2 0.4 0.4 0.4 1.8 0.6 1.8 2.3 1.5 18

19 Small time and savings 5.5 5.8 7.3 5.8 3.9 2.2 2.2 8.2 12.6 11.3 19

20 Large time 0.0 0.0 0.0 0.1 0.1 0.2 0.1 0.2 -0.0 0.1 20

21 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.0 -0.7 -1.7 -0.8 -1.1 -0.3 21

22 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Miscellaneous liabilities -0.1 -0.0 0.6 0.1 0.1 1.5 0.1 -0.9 0.0 0.6 23

24 Discrepancy -0.1 0.0 0.6 0.0 -0.1 -0.0 0.1 -0.6 0.1 0.0 24
22 FFA, 1975-1984, December 6, 2012

F.114 Property-Casualty Insurance Companies

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving less net capital transfers paid (1) 0.3 1.7 5.7 5.9 5.7 5.0 4.2 2.8 1.4 -2.2 1

 2 Fixed nonresidential investment 0.9 1.0 1.1 1.4 2.0 2.2 2.6 2.8 3.0 3.7 2

 3 Net acquisition of financial assets 8.0 15.8 21.5 21.1 19.7 16.0 15.3 14.5 15.7 15.9 3

 4 Checkable deposits and currency 0.1 0.2 0.3 0.4 0.3 0.1 0.1 0.0 -0.4 0.5 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.4 3.4 1.5 5

 6 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Credit market instruments 7.3 12.5 17.5 16.5 13.4 9.9 9.5 7.6 7.9 15.0 7

 8 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.1 2.0 4.8 2.1 8

 9 Treasury securities 1.9 2.6 2.5 0.7 0.2 1.6 1.4 1.2 4.7 6.5 9

10 Agency- and GSE-backed securities 0.6 0.6 0.5 0.5 1.1 0.2 0.8 1.5 2.2 3.2 10

11 Municipal securities 2.6 5.4 10.7 13.5 9.9 7.7 4.0 3.0 -0.3 -1.2 11

12 Corporate and foreign bonds 2.2 3.9 3.7 1.8 2.0 0.0 2.8 -0.5 -4.2 4.1 12

13 Commercial mortgages 0.1 0.1 0.1 0.0 0.3 0.3 0.4 0.3 0.7 0.4 13

14 Corporate equities -0.7 0.9 1.2 2.0 3.2 3.1 2.0 2.7 2.1 -4.3 14

15 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Trade receivables 0.6 1.2 1.3 1.5 1.9 2.0 2.6 2.1 2.0 2.8 16

17 Miscellaneous assets 0.7 0.9 1.2 0.7 0.9 1.0 1.1 0.7 0.7 0.5 17

18 Net increase in liabilities 7.4 11.5 14.2 15.3 16.4 15.2 13.1 14.0 14.2 18.5 18

19 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Corporate equity issues 1.0 0.9 1.4 0.8 0.9 1.2 1.1 2.8 1.5 3.9 20

21 Taxes payable (net) 0.0 0.1 0.1 0.1 -0.0 0.1 -0.0 0.1 -0.0 0.0 21

22 Miscellaneous liabilities 6.4 10.6 12.7 14.4 15.5 13.9 12.0 11.1 12.7 14.6 22

23 Discrepancy -1.3 -3.6 -2.7 -1.3 0.4 2.0 -0.6 -0.5 -3.2 -3.2 23

(1) Net capital transfers paid from table F.9, line 51.

F.115 Life Insurance Companies

Billions of dollars

 1 Gross saving 2.2 2.6 3.0 3.7 4.1 5.7 5.7 4.3 3.8 2.1 1

 2 Fixed nonresidential investment 0.8 0.9 1.0 1.3 1.8 1.9 2.3 2.5 2.7 3.3 2

 3 Net acquisition of financial assets 20.4 28.2 31.3 35.6 37.5 37.8 45.9 55.4 59.1 66.7 3

 4 Checkable deposits and currency -0.1 0.1 0.1 0.2 0.3 0.5 1.1 0.3 -0.6 0.7 4

 5 Money market fund shares 0.0 0.0 0.2 0.3 0.6 0.9 3.7 1.1 -1.9 2.2 5

 6 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Credit market instruments 16.9 23.7 27.5 33.1 33.0 33.2 34.7 43.5 50.6 56.3 7

 8 Open market paper 0.7 0.4 -0.3 1.5 1.6 2.2 7.4 4.2 3.4 4.1 8

 9 Treasury securities 1.4 0.6 -0.1 -0.5 0.1 1.0 2.3 8.4 12.1 12.6 9

10 Agency- and GSE-backed securities 0.4 0.9 1.7 2.5 2.8 1.8 3.1 4.3 7.2 11.0 10

11 Municipal securities 0.8 1.1 0.5 0.4 0.0 0.3 0.5 1.9 0.9 -1.3 11

12 Corporate and foreign bonds 9.1 16.9 18.8 17.3 11.6 8.7 7.3 16.2 16.7 23.7 12

13 Other loans and advances 1.6 1.4 1.7 2.6 4.7 6.6 7.3 4.3 1.1 0.4 13

14 Mortgages 2.9 2.4 5.3 9.3 12.3 12.7 6.7 4.2 9.0 5.7 14

15 Corporate equities 2.1 3.1 1.1 -0.1 0.4 0.4 2.4 2.4 3.4 0.3 15

16 Mutual fund shares -0.1 -0.1 0.1 0.0 0.1 0.1 0.5 1.0 -0.4 0.5 16

17 Miscellaneous assets 1.7 1.5 2.3 2.1 2.9 2.7 3.6 7.1 8.0 6.8 17

18 Net increase in liabilities 19.8 27.6 31.1 35.1 35.1 35.5 46.1 53.7 49.7 68.6 18

19 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Corporate equity issues 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 21

22 Life insurance reserves 7.9 8.6 9.3 10.9 10.4 9.7 8.9 7.0 7.8 5.0 22

23 Pension fund reserves (1) 8.7 15.0 16.8 19.1 19.4 22.3 29.5 39.7 32.7 48.9 23

24 Taxes payable (net) -0.1 0.1 0.4 0.3 0.0 0.4 -0.1 0.2 -0.1 0.1 24

25 Miscellaneous liabilities 3.3 3.9 4.6 4.8 5.3 3.0 7.8 6.8 9.3 14.6 25

26 Discrepancy 0.8 1.1 1.8 2.0 -0.0 1.4 3.6 0.1 -8.3 0.7 26

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 25).
FFA, 1975-1984, December 6, 2012 23

F.116 Private Pension Funds (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 1

 2 Fixed nonresidential investment 0.1 0.1 0.1 0.1 0.2 0.3 0.3 0.4 0.6 0.9 2

 3 Net acquisition of financial assets 40.2 19.5 32.0 36.6 49.5 59.9 49.4 86.9 82.8 47.7 3

 4 Checkable deposits and currency 1.0 0.1 0.3 0.3 -0.1 -0.9 -0.7 -1.2 0.5 0.6 4

 5 Time and savings deposits 2.5 2.2 3.0 4.0 4.2 3.9 4.7 12.9 11.6 7.0 5

 6 Money market fund shares 0.0 0.0 0.1 0.3 0.8 1.5 3.9 -1.9 1.2 1.0 6

 7 Security RPs 1.3 0.4 1.0 1.2 0.8 0.6 -0.1 0.4 1.9 0.3 7

 8 Credit market instruments 15.6 6.5 10.4 10.6 22.1 30.6 27.3 46.7 42.2 38.4 8

 9 Open market paper 3.7 1.9 0.4 -0.2 4.2 4.1 5.0 -9.3 2.0 2.5 9

10 Treasury securities 3.8 5.7 3.2 1.9 2.8 6.2 14.5 28.5 18.2 15.1 10

11 Agency- and GSE-backed securities 1.2 0.6 2.4 0.2 3.9 5.8 1.9 11.8 6.9 5.7 11

12 Corporate and foreign bonds 6.9 -1.7 4.3 8.4 10.7 14.0 5.6 11.9 12.7 15.5 12

13 Mortgages 0.0 0.0 0.1 0.2 0.4 0.4 0.3 3.9 2.4 -0.4 13

14 Corporate equities 7.5 6.3 8.1 9.8 13.3 17.3 18.3 22.9 7.9 -3.9 14

15 Mutual fund shares 0.5 0.5 0.3 -0.5 0.9 1.4 -2.8 2.9 0.4 1.1 15

16 Miscellaneous assets 11.7 3.5 8.8 11.0 7.5 5.5 -1.1 4.0 17.2 3.1 16

17 Unallocated insurance contracts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Contributions receivable 1.0 0.5 0.3 0.8 0.9 1.4 0.4 1.9 2.1 0.9 18

19 Other 10.8 3.0 8.5 10.2 6.6 4.1 -1.5 2.1 15.0 2.2 19

20 Pension fund reserves (liabilities) (3) 40.3 19.5 32.0 36.7 49.6 60.0 49.6 87.1 83.2 48.3 20

 Memo:

 Net acquisition of financial assets (4)

21 Defined benefit plans ND ND ND ND ND ND ND ND ND ND 21

22 Defined contibution plans ND ND ND ND ND ND ND ND ND ND 22

(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 net acquisition of nonfinancial and financial assets less gross saving (line 2 + line 3 - line 1). These liabilities are assets of the household sector.

(4) Additional detail on defined benefit plans and defined contribution plans is available on F.116.b and F.116.c.
24 FFA, 1975-1984, December 6, 2012

F.117 State and Local Government Employee Retirement Funds

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 1

 2 Fixed nonresidential investment 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.3 2

 3 Net acquisition of financial assets 10.9 12.5 15.5 20.5 16.0 26.3 29.1 30.4 32.6 46.8 3

 4 Checkable deposits and currency 0.0 -0.0 0.0 0.1 0.2 0.0 0.0 0.4 0.4 0.6 4

 5 Time and savings deposits -0.4 -0.0 0.3 0.9 1.1 0.2 0.1 2.2 2.8 3.2 5

 6 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.5 7

 8 Credit market instruments 8.9 9.4 11.5 16.8 10.6 20.6 21.8 21.7 8.1 34.3 8

 9 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.5 9

10 Treasury securities 1.0 1.5 2.7 2.7 5.3 6.2 6.6 9.3 12.0 19.0 10

11 Agency- and GSE-backed securities 0.7 1.6 2.7 4.4 1.4 3.7 5.2 10.1 4.9 4.1 11

12 Municipal securities 1.0 1.4 0.2 0.4 -0.0 0.1 -0.2 -0.7 -1.1 -0.5 12

13 Corporate and foreign bonds 6.4 4.7 5.6 8.8 2.9 9.2 8.6 1.8 -9.6 9.6 13

14 Mortgages -0.2 0.2 0.3 0.5 1.0 1.3 1.6 1.3 0.9 0.6 14

15 Corporate equities 2.4 3.1 3.7 2.6 4.1 5.3 7.1 6.0 20.0 7.3 15

16 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 -0.1 17

18 Pension fund reserves (liabilities) (1) 10.9 12.5 15.5 20.5 16.0 26.3 29.1 30.5 32.6 46.9 18

(1) Equal to the net acquisition of nonfinancial and financial assets less gross saving (line 2 + line 3 - line 1). These liabilities are assets of the household sector.

F.118 Federal Government Retirement Funds (1)

Billions of dollars

 1 Net acquisition of financial assets 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 1

 2 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 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 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Miscellaneous assets(2) 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 7

 8 Pension fund reserves (liabilities) (3) 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 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.
FFA, 1975-1984, December 6, 2012 25

F.119 Money Market Mutual Funds (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net acquisition of financial assets 1.3 -0.0 0.2 6.9 34.4 31.2 109.9 33.6 -40.5 52.7 1

 2 Foreign deposits 0.0 0.0 0.0 0.5 4.6 1.7 12.1 4.9 -1.8 -0.9 2

 3 Checkable deposits and currency 0.0 -0.0 0.0 0.0 -0.0 0.1 -0.7 0.8 -0.6 -1.0 3

 4 Time and savings deposits 0.5 -0.7 0.3 2.7 7.5 9.2 23.2 -3.3 -16.8 -0.3 4

 5 Security RPs 0.1 -0.0 0.1 0.1 2.1 3.2 8.9 1.7 -3.2 9.6 5

 6 Credit market instruments 0.7 0.6 -0.1 3.2 19.8 16.9 65.4 30.1 -17.9 44.5 6

 7 Open market paper -0.1 0.4 0.1 2.6 15.6 12.3 38.8 -1.3 -3.0 31.1 7

 8 Treasury securities 0.8 0.2 -0.3 0.0 0.7 1.9 18.0 21.1 -19.8 2.4 8

 9 Agency- and GSE-backed securities 0.0 0.0 0.0 0.6 3.4 0.7 5.6 1.6 1.4 3.5 9

10 Municipal securities 0.0 0.0 0.0 0.0 0.0 2.0 2.4 8.9 3.6 7.1 10

11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.1 0.5 -0.3 -0.1 0.4 11

12 Miscellaneous assets 0.0 0.0 -0.1 0.5 0.4 0.1 1.0 -0.6 -0.2 0.8 12

13 Net share issues (liabilities) 1.3 -0.0 0.2 6.9 34.4 31.2 109.9 33.6 -40.5 52.7 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.115).

F.120 Mutual Funds (1)

Billions of dollars

 1 Gross saving -0.1 -0.2 -0.2 0.0 -0.2 0.7 1.6 2.2 1.1 0.9 1

 2 Net acquisition of financial assets -0.4 -2.5 0.2 -0.9 -0.8 1.2 2.4 8.5 24.0 23.1 2

 3 Security RPs -0.1 -0.5 0.5 0.5 -0.1 0.5 -0.1 -0.2 0.8 -1.7 3

 4 Credit market instruments 0.6 0.4 3.4 0.2 2.0 2.5 3.1 5.2 9.6 18.9 4

 5 Open market paper -0.1 -0.5 0.5 0.5 -0.1 0.5 -0.1 -0.2 0.8 5.6 5

 6 Treasury securities -0.0 0.0 0.2 -0.2 -0.0 0.3 0.9 2.3 -1.0 2.6 6

 7 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 3.8 7

 8 Municipal securities 0.0 0.5 1.6 0.5 1.4 0.4 0.7 2.9 5.5 5.7 8

 9 Corporate and foreign bonds 0.7 0.3 1.1 -0.7 0.8 1.3 1.6 0.2 2.7 1.3 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 10

11 Corporate equities -0.9 -2.4 -3.7 -1.6 -2.8 -1.8 -0.6 3.5 13.7 5.9 11

12 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Net share issues (liabilities) -0.4 -2.5 0.2 -0.9 -0.8 1.2 2.4 8.5 24.0 23.1 13

14 Discrepancy -0.1 -0.2 -0.2 0.0 -0.2 0.7 1.6 2.2 1.1 0.9 14

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.115).

F.121 Closed-End and Exchange-Traded Funds

Billions of dollars

 Closed-end funds

 1 Net acquisition of financial assets -1.8 -0.8 -1.4 0.5 -0.8 -1.2 -0.5 -0.2 -0.8 -1.0 1

 2 Credit market instruments 0.1 0.2 -0.7 0.3 0.0 0.0 -0.1 0.5 -0.2 -0.5 2

 3 Treasury securities 0.0 0.0 -0.2 0.1 -0.0 0.0 -0.1 0.0 -0.0 -0.1 3

 4 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 0.1 0.2 -0.5 0.3 0.0 0.0 -0.0 0.4 -0.2 -0.4 5

 6 Corporate equities -1.9 -1.0 -0.7 0.2 -0.8 -1.2 -0.4 -0.7 -0.6 -0.5 6

 7 Net share issues (liabilities) -1.8 -0.8 -1.4 0.5 -0.8 -1.2 -0.5 -0.2 -0.8 -1.0 7

 Exchange-traded funds

 8 Net acquisition of financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Net share issues (liabilities) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14
26 FFA, 1975-1984, December 6, 2012

F.122 Government-Sponsored Enterprises (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.3 0.3 0.4 0.6 0.8 0.9 1.2 1.5 1.0 1.1 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.3 2

 3 Net acquisition of financial assets 5.2 4.5 7.9 28.6 31.2 29.5 37.5 22.2 1.7 41.2 3

 4 Checkable deposits and currency -0.0 -0.0 0.1 0.0 0.2 0.0 0.2 -0.2 0.2 0.6 4

 5 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Federal funds and security RPs (net) -0.3 0.3 0.2 1.4 0.6 1.8 3.5 5.4 -2.3 8.3 6

 7 Credit market instruments 4.5 4.7 6.7 26.7 30.0 26.4 33.2 16.0 2.7 29.1 7

 8 Open market paper 0.1 -0.0 0.2 -1.2 0.1 0.0 0.3 -0.3 0.4 -0.1 8

 9 Treasury securities 1.5 1.5 -3.4 0.5 -0.2 0.4 0.2 1.5 -1.6 0.9 9

10 Agency- and GSE-backed securities -0.0 0.0 -0.4 0.1 0.4 0.2 0.2 -0.1 -0.4 0.2 10

11 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.5 11

12 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Other loans and advances -2.4 0.3 6.4 14.6 14.6 10.4 17.7 -0.8 -4.9 14.8 13

14 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.6 0.7 14

15 Farm Credit System 1.6 2.3 2.1 2.1 5.5 3.3 1.5 -1.6 -0.5 -1.6 15

16 FHLB loans -4.0 -2.0 4.3 12.5 9.2 7.1 16.2 0.8 -7.0 15.7 16

17 Mortgages 5.4 3.0 3.5 12.2 14.4 14.2 12.6 14.1 10.4 11.9 17

18 Home 2.5 0.5 0.5 9.0 9.2 7.6 5.1 10.3 9.4 10.7 18

19 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Other 2.5 0.5 0.5 9.0 9.2 7.6 5.1 10.3 9.4 10.7 20

21 Multifamily residential 0.2 -0.1 0.1 -0.0 0.2 0.2 -0.1 -0.1 -0.1 0.9 21

22 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Other 0.2 -0.1 0.1 -0.0 0.2 0.2 -0.1 -0.1 -0.1 0.9 23

24 Farm 2.6 2.5 3.0 3.2 5.1 6.4 7.7 3.9 1.1 0.3 24

25 Consumer credit (3) 0.0 0.0 0.4 0.4 0.6 1.1 2.2 1.6 -1.8 1.0 25

26 Miscellaneous assets 1.0 -0.5 1.0 0.4 0.4 1.3 0.6 0.9 1.1 3.1 26

27 Net increase in liabilities 5.0 4.3 7.7 28.9 31.4 29.0 37.6 21.5 1.6 41.4 27

28 Credit market instruments 3.2 2.1 5.9 23.5 24.8 25.6 32.4 15.3 1.4 30.4 28

29 GSE issues (4) 2.3 2.5 7.0 23.1 24.3 24.4 30.5 14.9 1.4 30.4 29

30 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Other 2.3 2.5 7.0 23.1 24.3 24.4 30.5 14.9 1.4 30.4 31

32 U.S. government loans 0.9 -0.4 -1.1 0.4 0.6 1.2 1.9 0.4 0.0 0.0 32

33 Corporate equities 0.1 0.2 0.5 0.9 0.9 -0.2 0.5 0.3 0.4 0.7 33

34 Miscellaneous liabilities 1.7 2.0 1.3 4.5 5.7 3.6 4.7 5.9 -0.2 10.2 34

35 Discrepancy 0.1 0.1 0.2 0.9 1.0 0.4 1.2 0.8 0.7 1.0 35

(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 F.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.

F.123 Agency- and GSE-Backed Mortgage Pools (1)

Billions of dollars

 1 Net acquisition of financial assets 7.1 12.2 16.1 13.6 23.1 19.2 15.0 49.5 66.3 44.5 1

 2 Home mortgages 7.3 11.9 15.7 12.4 21.8 18.7 14.3 49.3 65.1 43.5 2

 3 Multifamily residential mortgages 0.4 0.5 0.9 1.5 1.2 0.7 0.9 0.4 1.2 1.1 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages -0.6 -0.2 -0.5 -0.3 0.1 -0.2 -0.1 -0.2 -0.0 -0.0 5

 6 Net increase in pool securities (liabilities)(2) 7.1 12.2 16.1 13.6 23.1 19.2 15.0 49.5 66.3 44.5 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 F.122). Also includes agency- and GSE-backed mortgage pool securities that 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.

(2) Such issues are classified as agency- and GSE-backed securities.
FFA, 1975-1984, December 6, 2012 27

F.124 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Net acquisition of financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 8.7 3

 4 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Agency- and GSE-backed securities (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 5.8 5

 6 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Mortgages (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 7

 8 Home 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 8

 9 Multifamily residential 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Commercial 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Trade credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.9 12

13 Net increase in liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 8.7 13

14 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.9 14

15 Corporate bonds (net) (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 7.8 15

16 Discrepancy 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Memo:

 Securitized assets not included above

17 Consumer leases (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 REIT assets (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.1 18

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

(3) Net issuance less net acquisition of corporate bonds held as 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; depreciation flows are included in line 1, and fixed investment flows are included in line 2.

(5) Included in table F.126.

F.125 Finance Companies (1)

Billions of dollars

 1 Gross saving 0.2 0.2 0.5 0.4 0.6 -0.4 -0.8 -0.2 0.9 -0.2 1

 2 Fixed nonresidential investment 0.7 0.8 0.9 0.9 1.2 1.6 1.8 1.7 2.3 2.6 2

 3 Net acquisition of financial assets -1.0 11.1 22.8 28.2 31.9 14.0 24.7 12.7 25.8 32.7 3

 4 Checkable deposits and currency 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 -0.3 4

 5 Time and savings deposits 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 5

 6 Credit market instruments 2.9 11.6 22.0 25.7 29.1 13.9 22.8 10.3 25.2 34.8 6

 7 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.2 7

 8 Other loans and advances 3.7 8.6 13.5 11.5 10.1 3.9 10.6 0.7 12.0 21.6 8

 9 Mortgages -0.2 1.3 3.1 4.9 5.8 1.9 3.2 4.1 2.7 5.4 9

10 Consumer credit -0.6 1.6 5.4 9.3 13.2 8.1 8.9 5.4 10.4 8.0 10

11 Miscellaneous assets -4.1 -0.7 0.6 2.4 2.6 0.0 1.8 2.4 0.5 -1.7 11

12 Net increase in liabilities -0.9 10.7 22.0 27.0 30.3 11.8 24.5 12.1 25.1 32.4 12

13 Credit market instruments -3.4 6.8 20.0 16.3 20.1 5.9 15.0 4.9 15.5 25.4 13

14 Open market paper 0.6 3.3 8.4 7.8 13.3 -1.0 9.6 -5.8 9.1 12.6 14

15 Corporate bonds 4.9 3.5 8.1 5.1 2.4 5.9 3.4 8.1 4.0 9.6 15

16 Depository institution loans n.e.c. -8.9 0.0 3.5 3.3 4.4 0.9 1.9 2.6 2.4 3.2 16

17 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Taxes payable 0.0 0.0 0.1 0.1 -0.1 -0.1 -0.1 -0.1 0.1 -0.0 18

19 Miscellaneous liabilities 2.5 3.9 2.0 10.7 10.4 6.0 9.6 7.4 9.6 7.0 19

20 Foreign direct investment in U.S. 0.0 0.0 0.0 0.0 0.0 0.4 -0.4 0.2 -0.3 1.9 20

21 Investment by parent 8.7 4.3 1.4 4.6 3.5 3.2 -7.8 7.3 5.2 9.4 21

22 Other -6.2 -0.4 0.5 6.0 6.9 2.4 17.9 -0.2 4.7 -4.3 22

23 Discrepancy -0.4 -0.9 -1.2 -1.7 -2.2 -4.3 -2.8 -2.5 -2.2 -3.1 23

 Memo:

24 Consumer leases not included above (2) 0.0 0.0 0.0 0.0 0.0 0.3 0.1 0.2 1.0 2.8 24

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (4), table F.124.
28 FFA, 1975-1984, December 6, 2012

F.126 Real Estate Investment Trusts (REITs)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.0 -0.0 0.1 0.0 0.0 0.0 0.1 0.0 0.1 -0.1 1

 2 Fixed nonresidential investment 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.4 2

 3 Multifamily residential investment 0.1 0.0 -0.1 -0.0 -0.0 -0.0 0.0 0.0 -0.0 0.1 3

 4 Net acquisition of financial assets -9.1 -2.7 -1.2 -0.2 0.0 -0.1 -0.1 0.2 0.1 4.1 4

 5 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments -9.0 -2.5 -1.2 -0.3 -0.1 -0.2 -0.1 0.2 -0.1 3.4 6

 7 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.6 7

 8 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Mortgages -9.0 -2.5 -1.2 -0.3 -0.1 -0.2 -0.1 0.2 -0.1 0.8 9

10 Home -1.0 -0.2 -0.1 -0.1 -0.1 -0.0 0.0 -0.0 -0.1 0.0 10

11 Multifamily residential -4.2 -1.1 -0.4 -0.2 -0.0 -0.1 -0.1 0.1 0.0 0.4 11

12 Commercial -3.9 -1.3 -0.7 -0.1 -0.1 -0.1 -0.0 0.1 -0.1 0.4 12

13 Miscellaneous assets -0.1 -0.1 0.1 0.2 0.2 0.1 0.0 0.0 0.2 0.7 13

14 Net increase in liabilities -8.6 -2.1 -0.7 0.4 0.8 0.7 0.8 0.5 0.3 3.3 14

15 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Credit market instruments -5.2 -1.9 -1.8 -0.6 -0.2 -0.4 -0.0 -0.0 -0.3 2.8 16

17 Open market paper 0.1 -0.3 -0.0 0.1 0.1 -0.2 0.0 -0.1 -0.1 0.2 17

18 Corporate bonds -1.0 -0.2 -0.1 -0.2 -0.0 0.0 0.1 -0.0 0.0 2.1 18

19 Depository institution loans n.e.c. -4.3 -1.9 -1.5 -0.7 -0.3 -0.2 -0.1 0.0 -0.2 0.0 19

20 Mortgages -0.1 0.5 -0.2 0.2 -0.0 -0.0 0.0 0.1 0.0 0.4 20

21 Corporate equity issues -1.6 -0.3 1.3 0.9 1.0 1.0 0.9 0.4 0.6 0.3 21

22 Miscellaneous liabilities -1.7 0.1 -0.1 0.2 -0.0 0.1 -0.1 0.1 0.0 0.2 22

23 Discrepancy 0.4 0.4 0.5 0.5 0.6 0.7 0.7 0.1 0.1 -1.2 23

 Memo:

24 Securitized assets included above 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.1 24

25 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.1 25

26 Home mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28
FFA, 1975-1984, December 6, 2012 29

F.127 Security Brokers and Dealers

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.8 0.3 0.4 0.8 0.6 1.0 0.7 0.6 2.3 1.7 1

 2 Fixed nonresidential investment 0.9 0.9 1.1 1.2 2.0 2.6 3.4 4.5 6.1 7.9 2

 3 Net acquisition of financial assets 3.2 12.9 -4.2 2.6 0.2 12.7 14.4 23.5 7.2 27.9 3

 4 Checkable deposits and currency -0.0 0.3 0.0 0.2 1.0 0.8 -0.2 1.7 -0.9 0.3 4

 5 Credit market instruments 1.0 7.8 -5.3 -3.7 -3.6 2.6 14.4 15.2 -10.6 28.6 5

 6 Open market paper 1.0 3.2 -0.5 -0.9 1.4 -0.4 4.8 4.9 -4.8 5.7 6

 7 Treasury securities -1.1 4.5 -5.3 -2.0 -5.4 2.3 7.7 6.2 -9.7 12.6 7

 8 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 8

 9 Municipal securities -0.1 1.0 0.4 -0.2 0.3 0.3 0.5 1.6 1.8 4.5 9

10 Corporate and foreign bonds 1.2 -0.9 0.1 -0.7 0.1 0.4 1.4 2.5 2.0 5.7 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 11

12 Corporate equities 0.7 -2.4 0.4 0.0 0.4 0.1 0.5 0.9 4.3 -1.0 12

13 Security credit 1.0 3.9 2.0 2.6 0.3 7.3 -1.7 2.8 8.4 -2.3 13

14 Miscellaneous assets 0.5 3.3 -1.4 3.4 2.1 1.9 1.4 2.9 6.0 2.4 14

15 Net increase in liabilities 3.2 13.5 -3.6 2.6 0.9 12.1 14.4 23.6 6.3 28.3 15

16 Security RPs (net) 2.3 2.2 -5.4 -1.3 -2.4 0.9 8.4 24.7 -15.9 17.1 16

17 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.7 17

18 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.7 18

19 Depository institution loans n.e.c. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Corporate equity issues 0.3 0.3 0.1 0.1 -0.1 0.4 0.8 0.7 1.0 1.1 20

21 Trade payables 0.1 0.1 0.1 0.1 0.2 0.4 0.4 0.5 2.5 0.4 21

22 Security credit 1.6 7.5 2.2 -0.1 1.0 6.7 3.8 3.1 5.2 6.8 22

23 Customer credit balances (HH) 0.6 0.9 0.0 2.8 1.8 5.9 -1.5 3.1 2.7 1.0 23

24 From U.S.-chartered depository institutions 1.0 6.2 1.8 -3.0 -0.8 1.2 4.7 0.5 2.0 4.7 24

25 From foreign banking offices in U.S. -0.1 0.4 0.5 0.1 -0.0 -0.4 0.6 -0.5 0.5 1.1 25

26 Taxes payable 0.0 0.1 -0.1 0.1 0.0 0.3 -0.2 0.3 -0.2 -0.1 26

27 Miscellaneous liabilities -1.7 2.9 -0.7 3.3 1.1 3.0 1.1 -6.2 13.1 2.2 27

28 Foreign direct investment in U.S. 0.1 0.2 0.2 0.0 0.3 0.2 0.3 0.8 0.3 0.5 28

29 Investment by funding corporations -0.2 0.8 1.4 -0.5 1.0 12.2 3.2 3.3 4.8 3.4 29

30 Other -1.6 1.9 -2.3 3.8 -0.2 -9.4 -2.4 -10.3 7.9 -1.7 30

31 Proprietors’ net investment 0.6 0.4 0.1 0.4 1.0 0.6 0.1 0.5 0.3 -0.0 31

32 Discrepancy -0.1 -0.0 -0.1 -0.4 -0.7 -2.2 -2.7 -3.9 -4.7 -5.8 32

(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).
30 FFA, 1975-1984, December 6, 2012

F.128 Holding Companies (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 1.9 2.2 2.4 5.9 6.8 7.8 9.2 10.9 12.9 13.8 1

 2 Fixed nonresidential investment 3.6 3.8 4.1 5.1 6.7 8.5 10.5 11.9 11.7 13.9 2

 3 Net acquisition of financial assets 13.8 10.2 10.9 9.7 10.8 13.7 31.1 24.2 32.0 29.6 3

 4 Time and savings deposits 1.5 1.1 1.5 2.7 0.9 1.8 6.0 1.7 6.7 -2.5 4

 5 Federal funds and security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments -0.0 2.8 1.3 -0.5 2.0 -0.3 1.4 -2.2 1.5 0.9 6

 7 Treasury securities 0.1 0.0 0.1 -0.1 0.1 0.0 -0.0 -0.1 0.1 0.1 7

 8 Agency- and GSE-backed securities 0.3 0.1 0.3 -0.3 0.4 0.0 -0.0 -0.3 0.4 0.2 8

 9 Corporate and foreign bonds 1.1 0.4 0.9 -0.9 1.2 0.1 -0.0 -0.8 1.3 0.6 9

10 Other loans and advances -1.5 2.2 0.0 0.8 0.3 -0.5 1.5 -1.0 -0.3 0.1 10

11 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Miscellaneous assets 12.3 6.4 8.1 7.5 8.0 12.2 23.6 24.7 23.8 31.1 12

13 Net transactions with depository institution subsidiaries 7.0 4.5 6.4 5.8 6.2 4.7 12.6 14.0 12.3 18.3 13

14 Net transactions with property-casualty insurance co. subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Net transactions with life insurance company subsidiaries 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Net transactions with finance company subsidiaries 6.7 3.3 0.4 3.3 2.4 2.1 -8.9 6.2 4.1 8.3 16

17 Net transactions with broker and dealer subsidiaries -0.2 0.8 1.4 -0.5 1.0 3.6 7.6 1.8 3.8 2.5 17

18 Net transactions with foreign subsidiaries 0.0 0.1 0.1 -1.0 -0.8 2.1 6.1 2.2 3.1 0.6 18

19 Other -1.2 -2.4 -0.2 -0.1 -0.8 -0.3 6.2 0.5 0.4 1.4 19

20 Net increase in liabilities 13.8 10.2 10.9 6.5 7.2 9.7 26.4 18.5 24.8 22.2 20

21 Federal funds and security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Credit market instruments 5.5 2.4 4.1 8.2 7.5 9.3 13.8 7.6 13.6 16.9 22

23 Commercial paper 0.3 -0.8 1.3 6.7 4.5 5.6 7.0 1.4 3.5 6.1 23

24 Corporate bonds 3.9 2.8 2.5 0.8 -0.5 1.1 3.8 5.7 9.9 9.9 24

25 Depository institution loans n.e.c. 1.2 0.3 0.3 0.7 3.4 2.6 3.0 0.5 0.3 0.8 25

26 Corporate equity issues 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Miscellaneous liabilities 8.3 7.8 6.9 -1.8 -0.2 0.3 12.5 10.9 11.2 5.3 27

28 Equity, etc. 7.3 4.7 5.1 0.4 1.5 2.3 7.8 9.3 10.1 6.1 28

29 Other 1.0 3.1 1.8 -2.1 -1.7 -2.0 4.7 1.5 1.1 -0.7 29

30 Discrepancy -1.7 -1.6 -1.7 -2.4 -3.5 -4.7 -6.0 -6.6 -5.9 -7.5 30

(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.
FFA, 1975-1984, December 6, 2012 31

F.129 Funding Corporations (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net acquisition of financial assets -0.1 0.1 0.4 1.1 0.1 9.8 0.2 2.5 28.0 -16.8 1

 2 Money market fund shares 0.0 0.3 -0.1 0.3 0.1 -0.0 0.6 0.3 1.5 0.1 2

 3 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Credit market instruments -0.1 -0.2 0.4 0.8 -0.0 0.8 5.3 -1.2 23.4 -18.1 4

 5 Open market paper -0.1 -0.2 0.4 0.8 -0.0 0.8 5.3 -1.2 23.4 -18.1 5

 6 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 9.0 -5.7 3.4 3.2 1.2 9

10 Investment in foreign banking offices 0.0 0.0 0.0 0.0 0.0 0.4 -1.3 1.9 2.2 0.3 10

11 Investment in brokers and dealers 0.0 0.0 0.0 0.0 0.0 8.6 -4.4 1.5 1.0 0.8 11

12 Net increase in liabilities -0.1 0.1 0.4 1.1 0.1 9.8 0.2 2.5 28.0 -16.8 12

13 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.4 4.3 3.4 3.2 1.2 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.4 4.3 3.4 2.9 0.4 14

15 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.7 15

16 Depository institution loans n.e.c. (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Other loans and advances (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Corporate equities (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Miscellaneous liabilities -0.1 0.1 0.4 1.1 0.1 9.4 -4.1 -0.9 24.8 -18.0 19

20 Foreign direct investment in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Securities loaned (net) 0.0 0.6 -0.1 0.5 0.1 -0.0 1.0 0.2 2.9 0.2 21

22 Equity interest under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Other (net) -0.1 -0.5 0.5 0.5 -0.1 9.4 -5.1 -1.0 21.9 -18.2 23

(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) LLC and to funds associated with PPIP.

(5) Preferred shares issued by AIG to the federal goverment under the Troubled Asset Relief Program (TARP) program and the monetary authority sector’s preferred interest in

 AIA Aurora LLC and ALICO Holdings LLC.
32 FFA, 1975-1984, December 6, 2012

F.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities 0.8 2.6 0.3 -0.8 2.2 9.3 6.3 5.0 1.2 3.1 1

 2 Federal government: SDR allocations 0.0 0.0 0.0 0.0 1.1 1.2 1.1 0.0 0.0 0.0 2

 3 Rest of the world 0.8 2.6 0.3 -0.8 1.1 8.2 5.2 5.0 1.2 3.1 3

 4 SDR holdings 0.1 0.1 0.1 -1.2 1.1 0.0 1.8 1.4 0.1 1.0 4

 5 Reserve position in IMF (net) 0.5 2.2 0.3 -4.2 0.2 1.7 2.5 2.6 4.4 1.0 5

 6 Foreign currency holdings 0.3 0.3 -0.2 4.7 -0.3 6.5 0.9 1.0 -3.3 1.2 6

 7 Net change in assets 0.8 2.6 0.3 -0.8 2.2 9.3 6.3 5.0 1.2 3.1 7

 8 Federal government 0.7 2.4 0.3 -3.1 1.4 5.0 4.6 4.4 2.9 2.6 8

 9 Monetary gold (2) 0.1 0.0 0.0 -0.0 0.2 0.0 -0.1 0.0 0.0 0.0 9

10 SDR holdings 0.1 0.1 0.1 -1.2 1.1 0.0 1.8 1.4 0.1 1.0 10

11 Reserve position in IMF (net) 0.4 2.2 0.3 -4.2 0.2 1.7 2.5 2.5 4.5 1.0 11

12 Foreign currency holdings 0.2 0.1 -0.1 2.3 -0.1 3.2 0.4 0.5 -1.7 0.6 12

13 Rest of the world 0.0 0.0 -0.1 -0.1 1.1 1.2 1.2 0.0 0.0 0.0 13

14 Monetary gold (2) 0.0 0.0 -0.1 -0.1 -0.1 0.0 0.1 0.0 0.0 0.0 14

15 SDR allocations 0.0 0.0 0.0 0.0 1.1 1.2 1.1 0.0 0.0 0.0 15

16 Monetary authority 0.2 0.1 0.0 2.4 -0.3 3.2 0.4 0.5 -1.7 0.5 16

17 Monetary gold (2) -0.1 -0.0 0.1 0.1 -0.2 -0.0 -0.0 -0.0 -0.0 -0.0 17

18 Reserve position in IMF (net) 0.1 -0.0 0.0 -0.0 0.0 -0.0 0.0 0.0 -0.0 -0.0 18

19 Foreign currency holdings 0.2 0.1 -0.1 2.3 -0.1 3.2 0.4 0.5 -1.7 0.6 19

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, transactions in monetary gold are recorded in the financial account of the domestic sectors as increases (decreases) in assets,

 and the counterparts are recorded as decreases (increases) in assets of the rest of the world.

F.201 Special Drawing Rights (SDRs) Certificates and Treasury Currency

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 1

 2 Asset: Monetary authority 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 2

 Treasury currency:

 3 Liab: Federal government 0.8 0.5 0.3 0.5 1.1 0.6 0.4 0.4 0.5 0.6 3

 4 Asset: Monetary authority 1.0 0.6 0.5 0.5 1.3 0.7 0.7 0.6 0.7 0.7 4

 5 Discrepancy (seigniorage) -0.1 -0.1 -0.3 -0.0 -0.2 -0.2 -0.2 -0.2 -0.2 -0.1 5

F.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 0.8 1.7 1.3 2.4 9.8 4.5 10.4 2.0 6.5 -0.9 1

 Held by:

 2 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 -0.0 2

 3 Nonfinancial corporate business 0.5 0.8 2.2 2.6 1.8 -0.4 2.7 -2.3 4.3 -1.1 3

 4 Money market mutual funds 0.0 0.0 0.0 0.5 4.6 1.7 12.1 4.9 -1.8 -0.9 4

 5 Discrepancy--unallocated assets 0.4 0.9 -0.9 -0.6 3.4 3.2 -4.3 -0.6 3.7 1.0 5
FFA, 1975-1984, December 6, 2012 33

F.203 Net Interbank Transactions

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities -11.7 -8.6 -2.8 16.1 18.6 -33.8 -37.6 -8.0 -1.5 15.7 1

 2 Monetary authority 0.8 -1.0 3.5 5.9 1.6 -1.0 -3.4 2.2 -3.6 3.6 2

 3 U.S.-chartered depository institutions -7.9 -10.1 -3.9 -1.2 8.3 -39.7 -42.0 -29.1 0.5 8.7 3

 4 Foreign banking offices in U.S. -4.1 2.1 -0.9 10.4 10.8 9.8 8.3 27.0 3.8 3.1 4

 5 Banks in U.S.-affiliated areas -0.1 0.2 -0.5 -0.3 -0.9 -0.4 -0.1 -0.5 -0.2 -0.5 5

 6 Credit unions -0.4 0.2 -1.0 1.3 -1.2 -2.5 -0.4 -7.6 -2.0 0.8 6

 7 Net change in assets -7.4 -8.2 4.1 14.9 22.4 -27.4 -34.1 0.9 10.7 9.0 7

 8 Rest of the world -9.9 -5.9 -0.8 5.4 20.3 -24.5 -27.7 -1.3 15.3 3.4 8

 9 Monetary authority 1.6 -1.3 1.4 3.6 0.5 -1.9 -2.9 0.1 -1.0 2.0 9

10 U.S.-chartered depository institutions 0.8 -1.0 3.5 5.3 1.6 -1.2 -4.0 1.8 -2.9 3.3 10

11 Foreign banking offices in U.S. 0.0 0.0 0.0 0.6 -0.0 0.2 0.6 0.3 -0.7 0.3 11

12 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Discrepancy -4.3 -0.5 -6.9 1.2 -3.8 -6.4 -3.6 -9.0 -12.2 6.7 13

 Memo:

 Vault cash:

14 Liab.: Monetary authority 0.6 -0.1 1.8 1.5 3.0 1.3 -1.2 0.9 1.5 3.2 14

15 Asset: U.S.-chartered depository institutions 0.6 -0.1 1.8 1.5 3.0 1.3 -1.2 0.9 1.5 3.2 15

 Depository institution reserves:

16 Liab.: Monetary authority 0.2 -0.9 1.7 4.4 -1.4 -2.3 -2.2 1.3 -5.0 0.4 16

17 Asset: U.S.-chartered depository institutions 0.2 -0.9 1.7 3.8 -1.4 -2.5 -2.8 0.9 -4.4 0.1 17

18 Foreign banking offices in U.S. 0.0 0.0 0.0 0.6 -0.0 0.2 0.6 0.3 -0.7 0.3 18

19 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 Other transactions with the monetary authority

20 Liab: U.S.-chartered depository institutions 1.6 -1.3 1.4 3.6 0.5 -1.9 -2.9 0.1 -1.0 2.0 20

21 Asset: Monetary authority 1.6 -1.3 1.4 3.6 0.5 -1.9 -2.9 0.1 -1.0 2.0 21

22 Federal Reserve float 1.7 -1.1 1.2 2.7 0.3 -2.3 -2.7 1.0 -1.2 -0.7 22

23 Loans -0.1 -0.2 0.2 0.9 0.3 0.4 -0.2 -0.9 0.2 2.7 23

 Transactions with banks in foreign countries (net):

24 Liab.: U.S.-chartered depository institutions (net) -7.1 -7.0 -1.3 1.2 14.3 -20.2 -19.7 -15.7 6.4 -5.8 24

25 Due to foreign affiliates -0.8 0.7 3.5 4.4 13.1 -5.7 12.7 -2.7 8.5 0.9 25

26 - Due from foreign affiliates 6.3 7.6 4.8 3.1 -1.2 14.5 32.4 12.9 2.0 6.7 26

27 Foreign banking offices in U.S. (net) -0.9 2.9 2.5 3.7 5.8 1.2 -5.0 24.8 7.0 6.3 27

28 Due to foreign affiliates 0.9 4.0 5.6 7.1 15.5 13.5 9.0 -6.3 5.3 -0.9 28

29 - Due from foreign affiliates 1.7 1.0 3.1 3.3 9.7 12.3 14.0 -31.1 -1.7 -7.2 29

30 Less: Deposits at foreign banks 1.9 1.8 2.0 -0.5 -0.2 5.4 3.0 10.5 -1.8 -2.9 30

31 U.S.-chartered depository institutions 1.3 1.9 0.4 -0.9 -0.2 3.4 3.4 10.3 -1.3 -4.6 31

32 Foreign banking offices in U.S. 0.6 -0.1 1.6 0.4 -0.0 2.0 -0.4 0.2 -0.6 1.7 32

33 Asset: Rest of the world (1) -9.9 -5.9 -0.8 5.4 20.3 -24.5 -27.7 -1.3 15.3 3.4 33

 Transactions between U.S. depository institutions (net) (2):

34 U.S.-chartered depository institutions (net) -1.1 0.0 -3.7 -6.9 -6.7 -14.2 -16.0 -3.2 -6.2 7.9 34

35 Due to (3): -1.8 2.7 0.8 5.5 7.3 0.8 -2.6 -7.9 -11.7 3.3 35

36 Foreign banking offices in U.S. 2.0 3.5 6.2 5.3 9.1 4.3 0.5 -7.1 -1.7 -3.1 36

37 Banks in U.S.-affiliated areas 0.1 -0.2 0.5 0.3 0.9 0.4 0.1 0.5 0.2 0.5 37

38 Credit unions 0.4 -0.2 1.0 -1.3 1.2 2.5 0.4 7.6 2.0 -0.8 38

39 - Due from: Foreign banking offices in U.S. -0.7 2.6 4.5 12.4 14.1 15.0 13.4 -4.7 -5.4 -4.7 39

40 Unallocated (2) -4.3 -0.5 -6.9 1.2 -3.8 -6.4 -3.6 -9.0 -12.2 6.7 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.
34 FFA, 1975-1984, December 6, 2012

F.204 Checkable Deposits and Currency

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities 19.4 25.1 30.1 20.6 36.8 17.2 28.0 37.8 39.5 46.9 1

 2 Monetary authority 10.7 10.6 4.8 6.3 8.2 9.0 10.9 10.2 13.0 10.3 2

 3 Federal government cash and deposits 4.5 3.1 -3.3 -3.1 0.1 -1.1 1.2 0.7 -1.3 1.7 3

 4 Due to government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Deposits due to foreign -0.0 0.2 -0.0 0.1 0.1 -0.2 0.1 -0.2 0.0 -0.0 5

 6 Currency outside banks 6.3 7.4 8.2 9.3 8.0 10.3 9.5 9.7 14.3 8.6 6

 7 U.S.-chartered depository institutions 7.4 11.6 22.1 11.3 26.4 11.8 22.6 27.4 24.8 36.6 7

 8 Federal government deposits -1.7 -0.1 4.3 -5.4 0.4 -2.6 -1.1 6.1 -5.3 4.0 8

 9 Deposits due to foreign -0.5 1.7 1.7 -0.0 3.4 -0.2 -3.0 -2.2 1.4 3.0 9

10 Private domestic deposits 9.5 10.1 16.1 16.8 22.7 14.5 26.7 23.5 28.7 29.6 10

11 Foreign banking offices in U.S. 0.6 2.4 3.0 2.5 0.8 -5.6 -6.1 -1.7 0.3 -1.0 11

12 Deposits due to foreign 0.2 1.4 0.8 -0.3 0.8 0.4 -0.9 -1.2 0.2 -0.8 12

13 Private domestic deposits 0.4 1.0 2.3 2.7 0.0 -6.0 -5.2 -0.5 0.1 -0.2 13

14 Banks in U.S.-affiliated areas 0.7 0.3 -0.2 0.1 1.1 0.1 0.1 0.1 -0.9 -0.5 14

15 Credit unions 0.0 0.2 0.4 0.4 0.4 1.8 0.6 1.8 2.3 1.5 15

16 Net change in assets 19.4 25.1 30.1 20.6 36.8 17.2 28.0 37.8 39.5 46.9 16

17 Household sector 1.3 10.5 15.0 16.5 20.0 13.1 46.3 19.5 9.7 13.4 17

18 Nonfinancial business 11.1 6.7 6.5 9.6 9.0 2.4 -18.6 14.1 30.1 18.2 18

19 Corporate 10.5 4.7 3.8 6.3 6.1 -0.4 -21.0 10.4 21.6 13.1 19

20 Noncorporate 0.6 1.9 2.7 3.3 2.9 2.8 2.3 3.7 8.5 5.0 20

21 State and local governments 0.5 -1.0 1.1 -0.0 -0.4 -0.6 -1.5 -1.6 -0.7 5.0 21

22 Federal government 2.7 3.9 -0.4 4.5 -0.8 -2.5 0.4 6.4 -8.3 5.3 22

23 Rest of the world 0.9 4.5 3.9 2.0 5.9 2.8 -2.2 -1.2 5.7 4.5 23

24 Checkable deposits -0.3 3.2 2.4 -0.2 4.2 0.0 -3.8 -3.7 1.6 2.1 24

25 Currency 1.2 1.3 1.5 2.2 1.7 2.8 1.6 2.5 4.1 2.4 25

26 Financial sectors 1.3 0.8 1.0 1.5 1.9 0.8 -0.2 2.0 -1.3 1.9 26

27 Property-casualty insurance companies 0.1 0.2 0.3 0.4 0.3 0.1 0.1 0.0 -0.4 0.5 27

28 Life insurance companies -0.1 0.1 0.1 0.2 0.3 0.5 1.1 0.3 -0.6 0.7 28

29 Private pension funds 1.0 0.1 0.3 0.3 -0.1 -0.9 -0.7 -1.2 0.5 0.6 29

30 State and local govt. retirement funds 0.0 -0.0 0.0 0.1 0.2 0.0 0.0 0.4 0.4 0.6 30

31 Money market mutual funds 0.0 -0.0 0.0 0.0 -0.0 0.1 -0.7 0.8 -0.6 -1.0 31

32 Government-sponsored enterprises -0.0 -0.0 0.1 0.0 0.2 0.0 0.2 -0.2 0.2 0.6 32

33 Finance companies 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 -0.3 33

34 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Brokers and dealers -0.0 0.3 0.0 0.2 1.0 0.8 -0.2 1.7 -0.9 0.3 35

36 Mail float 1.7 -0.3 3.2 -13.4 1.3 1.2 3.9 -1.5 4.2 -1.4 36
FFA, 1975-1984, December 6, 2012 35

F.205 Time and Savings Deposits

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities 89.2 107.7 123.8 121.4 90.0 143.4 119.9 174.9 190.7 234.9 1

 2 Small time and savings deposits 98.4 121.5 95.2 66.6 60.6 83.9 58.2 151.1 201.9 148.1 2

 3 U.S.-chartered depository institutions 92.4 115.6 87.2 59.3 55.7 80.5 53.9 142.0 189.2 136.3 3

 4 Foreign banking offices in U.S. 0.4 0.0 0.2 0.7 0.5 0.8 0.9 0.9 -0.9 0.5 4

 5 Banks in U.S.-affiliated areas 0.2 0.1 0.5 0.8 0.5 0.4 1.2 0.1 0.9 0.0 5

 6 Credit unions 5.5 5.8 7.3 5.8 3.9 2.2 2.2 8.2 12.6 11.3 6

 7 Large time deposits (1) -9.1 -13.8 28.6 54.8 29.3 59.5 61.7 23.8 -11.3 86.8 7

 8 U.S.-chartered depository institutions -12.3 -14.3 26.1 48.2 25.5 51.9 53.6 13.7 -3.4 82.8 8

 9 Foreign banking offices in U.S. 3.0 0.4 2.0 5.7 3.2 7.1 6.8 9.8 -8.7 3.9 9

10 Banks in U.S.-affiliated areas 0.2 0.1 0.5 0.8 0.5 0.4 1.2 0.1 0.9 0.0 10

11 Credit unions 0.0 0.0 0.0 0.1 0.1 0.2 0.1 0.2 -0.0 0.1 11

12 Net change in assets 89.2 107.7 123.8 121.4 90.0 143.4 119.9 174.9 190.7 234.9 12

13 Household sector 81.1 98.6 102.9 95.3 69.1 121.9 70.1 135.6 182.1 219.6 13

14 Nonfinancial business 4.0 6.1 9.3 6.1 8.0 7.6 11.4 11.0 10.0 2.6 14

15 Corporate 3.7 4.7 6.7 2.7 2.2 4.6 9.9 8.6 6.4 -0.9 15

16 Noncorporate 0.3 1.4 2.6 3.4 5.7 3.0 1.5 2.4 3.6 3.4 16

17 State and local governments -1.6 2.1 6.7 7.1 -2.1 -2.0 2.2 3.8 -6.3 0.2 17

18 Federal government 0.1 0.2 0.1 0.1 0.1 -0.2 -0.1 0.5 -0.5 0.5 18

19 Rest of the world 1.5 -1.9 -0.4 2.5 1.2 1.0 2.3 10.4 1.0 4.7 19

20 Financial sectors 4.2 2.6 5.1 10.3 13.8 15.2 34.0 13.6 4.3 7.3 20

21 Private pension funds 2.5 2.2 3.0 4.0 4.2 3.9 4.7 12.9 11.6 7.0 21

22 State and local govt. retirement funds -0.4 -0.0 0.3 0.9 1.1 0.2 0.1 2.2 2.8 3.2 22

23 Money market mutual funds 0.5 -0.7 0.3 2.7 7.5 9.2 23.2 -3.3 -16.8 -0.3 23

24 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Finance companies 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 25

26 Holding companies 1.5 1.1 1.5 2.7 0.9 1.8 6.0 1.7 6.7 -2.5 26

(1) Large time deposits are those issued in amounts of $100,000 or more.

F.206 Money Market Mutual Fund Shares

Billions of dollars

 1 Net issues 1.3 -0.0 0.2 6.9 34.4 31.2 109.9 33.6 -40.5 52.7 1

 2 Net purchases 1.3 -0.0 0.2 6.9 34.4 31.2 109.9 33.6 -40.5 52.7 2

 3 Household sector 1.3 -0.3 -0.2 5.7 30.5 24.9 90.2 32.1 -36.8 43.0 3

 4 Nonfinancial corporate business 0.0 0.0 0.2 0.4 2.4 4.0 11.4 0.6 -7.9 4.9 4

 5 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.4 3.4 1.5 8

 9 Life insurance companies 0.0 0.0 0.2 0.3 0.6 0.9 3.7 1.1 -1.9 2.2 9

10 Private pension funds 0.0 0.0 0.1 0.3 0.8 1.5 3.9 -1.9 1.2 1.0 10

11 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 11

12 Funding corporations 0.0 0.3 -0.1 0.3 0.1 -0.0 0.6 0.3 1.5 0.1 12
36 FFA, 1975-1984, December 6, 2012

F.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities 4.8 15.5 4.6 22.6 13.3 22.4 22.4 26.2 9.8 31.6 1

 2 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Private depository institutions (net) 2.5 13.3 10.0 23.9 15.7 21.5 14.0 1.5 25.8 14.5 3

 4 U.S.-chartered depository institutions (net) 2.5 13.3 10.0 23.9 15.7 22.3 15.6 2.3 23.3 15.1 4

 5 Foreign banking offices in U.S. (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.5 -0.3 5

 6 Credit unions (net) 0.0 0.0 0.0 0.0 0.0 -0.7 -1.7 -0.8 -1.1 -0.3 6

 7 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Brokers and dealers (net) 2.3 2.2 -5.4 -1.3 -2.4 0.9 8.4 24.7 -15.9 17.1 10

11 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Net change in assets 0.7 3.7 0.7 8.4 15.9 13.4 7.1 14.1 12.5 39.3 12

13 Nonfinancial corporate business 0.2 0.3 0.7 0.4 0.6 0.8 -2.1 0.7 0.8 0.7 13

14 State and local governments -0.8 0.2 -0.1 4.1 9.6 5.2 -3.3 2.4 16.6 20.5 14

15 Rest of the world (net) -0.1 -0.1 -0.1 2.1 1.7 0.3 0.0 1.6 0.7 0.1 15

16 Monetary authority 0.3 3.1 -1.5 -1.5 0.6 1.0 0.4 2.1 -3.8 0.0 16

17 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Private pension funds 1.3 0.4 1.0 1.2 0.8 0.6 -0.1 0.4 1.9 0.3 19

20 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.5 20

21 Money market mutual funds 0.1 -0.0 0.1 0.1 2.1 3.2 8.9 1.7 -3.2 9.6 21

22 Mutual funds -0.1 -0.5 0.5 0.5 -0.1 0.5 -0.1 -0.2 0.8 -1.7 22

23 Government-sponsored enterprises (net) -0.3 0.3 0.2 1.4 0.6 1.8 3.5 5.4 -2.3 8.3 23

24 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Discrepancy--unallocated assets 4.1 11.9 3.9 14.2 -2.6 9.1 15.3 12.0 -2.7 -7.7 26
FFA, 1975-1984, December 6, 2012 37

F.208 Open Market Paper

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total net issues, all types -1.2 8.2 15.0 17.7 37.5 19.3 51.3 5.7 26.9 51.9 1

 2 Commercial paper -1.5 4.4 11.8 18.4 28.7 11.2 39.5 -5.4 21.7 48.2 2

 3 Nonfinancial corporate business -2.9 1.4 1.6 2.7 9.0 4.0 14.7 -6.1 -0.8 21.7 3

 4 Foreign issues in U.S. 0.4 0.7 0.6 1.0 1.7 2.4 3.9 1.9 6.5 6.2 4

 5 Nonfinancial 0.4 0.7 0.6 1.0 1.4 1.6 0.6 0.0 0.1 0.8 5

 6 Financial 0.0 0.0 0.0 0.0 0.3 0.8 3.3 1.8 6.3 5.3 6

 7 Financial sectors 1.1 2.2 9.6 14.6 18.0 4.8 20.9 -1.1 16.0 20.3 7

 8 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 8

 9 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.9 9

10 Finance companies 0.6 3.3 8.4 7.8 13.3 -1.0 9.6 -5.8 9.1 12.6 10

11 REITs 0.1 -0.3 -0.0 0.1 0.1 -0.2 0.0 -0.1 -0.1 0.2 11

12 Holding companies 0.3 -0.8 1.3 6.7 4.5 5.6 7.0 1.4 3.5 6.1 12

13 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.4 4.3 3.4 2.9 0.4 13

14 Bankers’ acceptances (1) 0.2 3.8 3.2 -0.7 8.9 8.1 11.7 11.1 5.3 3.7 14

15 U.S.-chartered depository institutions 0.2 3.1 2.5 -0.4 7.1 6.2 8.5 9.5 3.0 -3.6 15

16 Foreign banking offices in U.S. 0.0 0.8 0.6 -0.3 1.8 1.9 3.2 1.6 2.2 7.3 16

17 Net purchases, by sector -1.2 8.2 15.0 17.7 37.5 19.3 51.3 5.7 26.9 51.9 17

18 Household sector -14.7 -2.9 14.7 14.7 9.8 -3.6 -10.3 6.7 -4.9 21.9 18

19 Nonfinancial corporate business 3.8 2.1 -1.1 0.1 0.1 -0.5 -0.9 -0.3 4.2 -2.4 19

20 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Rest of the world 0.5 0.3 0.4 0.5 1.9 0.9 -1.3 -1.7 0.8 1.2 21

22 Monetary authority 0.2 -0.5 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 U.S.-chartered depository institutions (1) 3.8 3.6 0.3 -1.8 2.2 2.1 1.0 2.8 -0.8 -2.3 23

24 Foreign banking offices in U.S. (1) -0.0 0.5 0.1 1.0 0.6 0.8 1.0 -0.7 -0.4 -0.9 24

25 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 25

26 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.1 2.0 4.8 2.1 26

27 Life insurance companies 0.7 0.4 -0.3 1.5 1.6 2.2 7.4 4.2 3.4 4.1 27

28 Private pension funds 3.7 1.9 0.4 -0.2 4.2 4.1 5.0 -9.3 2.0 2.5 28

29 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.5 29

30 Money market mutual funds -0.1 0.4 0.1 2.6 15.6 12.3 38.8 -1.3 -3.0 31.1 30

31 Mutual funds -0.1 -0.5 0.5 0.5 -0.1 0.5 -0.1 -0.2 0.8 5.6 31

32 Government-sponsored enterprises 0.1 -0.0 0.2 -1.2 0.1 0.0 0.3 -0.3 0.4 -0.1 32

33 Brokers and dealers 1.0 3.2 -0.5 -0.9 1.4 -0.4 4.8 4.9 -4.8 5.7 33

34 Funding corporations -0.1 -0.2 0.4 0.8 -0.0 0.8 5.3 -1.2 23.4 -18.1 34

(1) Excludes banks’ holdings of own acceptances.
38 FFA, 1975-1984, December 6, 2012

F.209 Treasury Securities

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net issues 86.1 69.3 57.2 53.9 37.2 77.9 85.9 162.2 185.3 197.4 1

 2 Savings bonds 4.0 4.7 4.7 3.9 -0.8 -7.3 -4.3 0.2 3.1 3.0 2

 3 Treasury bills 37.7 6.5 -2.9 0.7 10.9 43.5 28.9 66.8 32.0 30.6 3

 4 Other Treasury securities 44.3 58.1 55.4 49.3 27.1 41.8 61.4 95.2 150.2 163.8 4

 5 Net purchases 86.1 69.3 57.2 53.9 37.2 77.9 85.9 162.2 185.3 197.4 5

 6 Household sector 19.8 -8.6 2.6 4.3 46.8 17.1 -5.2 18.7 42.8 56.4 6

 7 Savings bonds 4.0 4.7 4.7 3.9 -0.8 -7.3 -4.3 0.2 3.1 3.0 7

 8 Bills and other Treasury securities 15.7 -13.3 -2.1 0.4 47.6 24.5 -0.9 18.6 39.6 53.4 8

 9 Nonfinancial corporate business 7.4 7.3 -5.0 -1.5 -1.6 0.2 5.0 2.4 9.1 6.3 9

10 Nonfinancial noncorporate business 0.0 0.2 0.9 0.8 -0.4 -0.2 0.7 -0.1 2.8 -0.5 10

11 State and local governments 1.3 12.5 21.1 22.3 1.8 7.9 15.0 18.0 23.0 16.8 11

12 Rest of the world 7.2 12.1 30.8 25.7 -18.4 12.4 7.9 12.8 15.7 27.7 12

13 Treasury bills 2.2 3.3 8.2 19.3 -19.6 9.0 -2.3 0.3 13.0 7.7 13

14 Other Treasury securities 5.0 8.8 22.6 6.5 1.3 3.3 10.2 12.5 2.6 20.0 14

15 Monetary authority 6.7 6.6 7.7 8.6 6.8 3.0 8.4 7.9 15.0 8.7 15

16 Treasury bills 0.4 1.4 3.0 0.6 3.1 -1.6 5.7 5.1 0.0 16.6 16

17 Other Treasury securities 6.2 5.2 4.7 8.0 3.7 4.6 2.8 2.8 15.0 -7.9 17

18 U.S.-chartered depository institutions 33.9 21.8 -0.7 -8.8 -1.8 16.7 1.8 22.8 58.8 10.3 18

19 Foreign banking offices in U.S. 0.1 0.6 0.0 0.3 0.5 0.6 0.4 0.8 1.6 -0.6 19

20 Banks in U.S.-affiliated areas 0.1 0.1 0.2 -0.1 0.0 0.1 0.0 0.1 0.2 0.0 20

21 Credit unions 0.3 0.2 0.1 -0.7 -0.1 0.3 0.1 0.3 1.4 0.8 21

22 Property-casualty insurance companies 1.9 2.6 2.5 0.7 0.2 1.6 1.4 1.2 4.7 6.5 22

23 Life insurance companies 1.4 0.6 -0.1 -0.5 0.1 1.0 2.3 8.4 12.1 12.6 23

24 Private pension funds 3.8 5.7 3.2 1.9 2.8 6.2 14.5 28.5 18.2 15.1 24

25 State and local govt. retirement funds 1.0 1.5 2.7 2.7 5.3 6.2 6.6 9.3 12.0 19.0 25

26 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Money market mutual funds 0.8 0.2 -0.3 0.0 0.7 1.9 18.0 21.1 -19.8 2.4 27

28 Mutual funds -0.0 0.0 0.2 -0.2 -0.0 0.3 0.9 2.3 -1.0 2.6 28

29 Closed-end funds 0.0 0.0 -0.2 0.1 -0.0 0.0 -0.1 0.0 -0.0 -0.1 29

30 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Government-sponsored enterprises 1.5 1.5 -3.4 0.5 -0.2 0.4 0.2 1.5 -1.6 0.9 31

32 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Brokers and dealers -1.1 4.5 -5.3 -2.0 -5.4 2.3 7.7 6.2 -9.7 12.6 33

34 Holding companies 0.1 0.0 0.1 -0.1 0.1 0.0 -0.0 -0.1 0.1 0.1 34

 Memo:

35 Federal government borrowing (1) 85.6 69.2 56.3 52.5 35.8 77.4 85.5 161.3 185.2 197.2 35

(1) Total issues of Treasury securities (line 1) plus budget agency securities (table F.210, line 2) and federal mortgage borrowing (table F.217, line 11).
FFA, 1975-1984, December 6, 2012 39

F.210 Agency- and GSE-Backed Securities (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net issues 9.0 14.6 22.3 35.3 46.0 43.1 45.2 63.7 67.7 74.9 1

 2 Budget agencies -0.4 -0.0 -0.8 -1.3 -1.3 -0.5 -0.3 -0.8 -0.0 -0.1 2

 3 Government-sponsored enterprises 2.3 2.5 7.0 23.1 24.3 24.4 30.5 14.9 1.4 30.4 3

 4 Agency- and GSE-backed mortgage pools 7.1 12.2 16.1 13.6 23.1 19.2 15.0 49.5 66.3 44.5 4

 5 Net purchases 9.0 14.6 22.3 35.3 46.0 43.1 45.2 63.7 67.7 74.9 5

 6 Household sector -5.2 2.4 -3.4 0.7 1.2 6.2 -4.1 -3.2 1.4 13.2 6

 7 Nonfinancial corporate business -0.5 -0.4 -0.2 0.1 -1.0 0.4 3.6 -2.5 0.9 1.1 7

 8 State and local governments 2.2 2.2 6.3 12.8 19.9 0.4 9.4 1.1 -0.1 4.5 8

 9 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Rest of the world -0.1 0.6 2.7 1.3 0.5 2.5 1.6 -0.4 -0.0 1.2 10

11 Monetary authority 1.4 0.7 1.2 -0.1 0.3 0.5 0.4 -0.2 -0.3 -0.3 11

12 U.S.-chartered depository institutions 7.7 4.9 8.0 12.5 12.6 20.0 17.2 38.8 36.8 15.6 12

13 Foreign banking offices in U.S. -0.3 -0.0 -0.1 0.2 0.0 -0.0 0.2 -0.0 0.1 -0.1 13

14 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Credit unions 0.8 0.5 0.4 -0.1 -1.0 0.7 0.3 0.9 1.7 -0.4 15

16 Property-casualty insurance companies 0.6 0.6 0.5 0.5 1.1 0.2 0.8 1.5 2.2 3.2 16

17 Life insurance companies 0.4 0.9 1.7 2.5 2.8 1.8 3.1 4.3 7.2 11.0 17

18 Private pension funds 1.2 0.6 2.4 0.2 3.9 5.8 1.9 11.8 6.9 5.7 18

19 State and local govt. retirement funds 0.7 1.6 2.7 4.4 1.4 3.7 5.2 10.1 4.9 4.1 19

20 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Money market mutual funds 0.0 0.0 0.0 0.6 3.4 0.7 5.6 1.6 1.4 3.5 21

22 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 3.8 22

23 Government-sponsored enterprises -0.0 0.0 -0.4 0.1 0.4 0.2 0.2 -0.1 -0.4 0.2 23

24 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 5.8 24

25 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.6 25

26 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Holding companies 0.3 0.1 0.3 -0.3 0.4 0.0 -0.0 -0.3 0.4 0.2 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 Mae, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total borrowing of the federal government, which is shown in table F.209, line 35.
40 FFA, 1975-1984, December 6, 2012

F.211 Municipal Securities and Loans

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities 15.0 20.9 29.7 51.3 39.3 35.3 44.2 64.4 67.1 75.5 1

 2 State and local governments 11.0 16.4 19.7 41.0 26.4 21.3 26.4 40.8 46.2 44.8 2

 3 Short-term (1) -0.3 -4.1 -2.9 0.6 1.0 1.7 1.1 6.7 -1.5 -3.7 3

 4 Long-term 11.2 20.5 22.6 40.4 25.4 19.6 25.2 34.0 47.7 48.4 4

 5 Nonprofit organizations (2) 1.4 2.0 3.4 2.6 2.9 3.1 4.4 8.5 11.4 10.2 5

 Nonfinancial corporate business

 6 (industrial revenue bonds) 2.6 2.5 6.7 7.7 10.0 10.9 13.4 15.1 9.4 20.5 6

 7 Net change in assets 15.0 20.9 29.7 51.3 39.3 35.3 44.2 64.4 67.1 75.5 7

 8 Household sector 5.8 6.1 6.0 26.8 19.3 6.5 29.6 40.6 45.6 43.1 8

 9 Nonfinancial corporate business -1.0 -0.6 0.1 0.2 -0.2 4.9 1.2 1.6 6.1 4.2 9

10 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 State and local governments 2.4 2.4 0.6 -0.7 -0.5 0.2 0.1 0.2 0.6 1.1 11

12 Rest of the world 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 12

13 U.S.-chartered depository institutions 3.3 3.2 9.6 9.9 9.2 12.7 5.7 4.3 3.6 12.3 13

14 Foreign banking offices in U.S. 0.0 0.0 0.0 -0.1 0.1 0.2 -0.1 -0.1 -0.1 -0.1 14

15 Banks in U.S.-affiliated areas 0.1 0.4 -0.1 0.3 -0.2 -0.1 -0.4 0.0 0.0 0.0 15

16 Property-casualty insurance companies 2.6 5.4 10.7 13.5 9.9 7.7 4.0 3.0 -0.3 -1.2 16

17 Life insurance companies 0.8 1.1 0.5 0.4 0.0 0.3 0.5 1.9 0.9 -1.3 17

18 State and local govt. retirement funds 1.0 1.4 0.2 0.4 -0.0 0.1 -0.2 -0.7 -1.1 -0.5 18

19 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 2.0 2.4 8.9 3.6 7.1 19

20 Mutual funds 0.0 0.5 1.6 0.5 1.4 0.4 0.7 2.9 5.5 5.7 20

21 Closed-end funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.5 23

24 Brokers and dealers -0.1 1.0 0.4 -0.2 0.3 0.3 0.5 1.6 1.8 4.5 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).
FFA, 1975-1984, December 6, 2012 41

F.212 Corporate and Foreign Bonds

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net issues 42.5 38.3 40.2 31.7 24.6 36.4 36.9 52.1 46.5 88.2 1

 2 Nonfinancial corporate business 27.2 22.8 22.9 21.1 17.3 27.7 24.8 30.7 26.0 48.1 2

 3 Rest of the world (1) 7.2 8.5 5.1 4.0 3.7 1.2 5.5 6.6 3.1 3.8 3

 4 Financial sectors 8.1 7.0 12.3 6.6 3.6 7.6 6.7 14.8 17.4 36.3 4

 5 U.S.-chartered depository institutions 0.2 0.8 1.7 0.8 1.6 0.5 -0.6 1.0 -0.1 5.5 5

 6 ABS issuers (net) (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 7.8 6

 7 Finance companies 4.9 3.5 8.1 5.1 2.4 5.9 3.4 8.1 4.0 9.6 7

 8 REITs -1.0 -0.2 -0.1 -0.2 -0.0 0.0 0.1 -0.0 0.0 2.1 8

 9 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.7 9

10 Holding companies 3.9 2.8 2.5 0.8 -0.5 1.1 3.8 5.7 9.9 9.9 10

11 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.7 11

12 Net purchases 42.5 38.3 40.2 31.7 24.6 36.4 36.9 52.1 46.5 88.2 12

13 Household sector 9.9 8.4 3.5 -6.5 -5.6 -13.5 1.8 -2.8 2.2 -8.3 13

14 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 4.0 14

15 Federal government 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 (2) 0.8 1.2 4.1 1.8 2.7 9.0 10.7 15.2 6.2 15.6 16

17 U.S.-chartered depository institutions 4.0 4.9 -1.4 1.8 -2.2 6.5 -3.3 8.3 15.3 14.6 17

18 Foreign banking offices in U.S. 0.0 -0.1 0.2 0.1 0.1 0.0 0.3 0.1 0.4 1.8 18

19 Banks in U.S.-affiliated areas 0.0 0.1 0.1 0.2 0.1 0.4 -0.4 -0.2 -0.1 0.1 19

20 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Property-casualty insurance companies 2.2 3.9 3.7 1.8 2.0 0.0 2.8 -0.5 -4.2 4.1 21

22 Life insurance companies 9.1 16.9 18.8 17.3 11.6 8.7 7.3 16.2 16.7 23.7 22

23 Private pension funds 6.9 -1.7 4.3 8.4 10.7 14.0 5.6 11.9 12.7 15.5 23

24 State and local govt. retirement funds 6.4 4.7 5.6 8.8 2.9 9.2 8.6 1.8 -9.6 9.6 24

25 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.1 0.5 -0.3 -0.1 0.4 26

27 Mutual funds 0.7 0.3 1.1 -0.7 0.8 1.3 1.6 0.2 2.7 1.3 27

28 Closed-end funds 0.1 0.2 -0.5 0.3 0.0 0.0 -0.0 0.4 -0.2 -0.4 28

29 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.2 31

32 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Brokers and dealers 1.2 -0.9 0.1 -0.7 0.1 0.4 1.4 2.5 2.0 5.7 33

34 Holding companies 1.1 0.4 0.9 -0.9 1.2 0.1 -0.0 -0.8 1.3 0.6 34

35 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

(1) Net purchases of foreign issues by U.S. residents.

(2) Net purchases of U.S. issues by foreign residents.

(3) Net issuance less net acquisition of corporate bonds held as assets.
42 FFA, 1975-1984, December 6, 2012

F.213 Corporate Equities (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net issues 7.9 12.8 5.5 3.9 -3.6 14.3 -9.9 7.9 27.2 -71.9 1

 2 Nonfinancial corporate business 9.9 10.5 2.7 -0.1 -7.8 10.4 -13.5 1.9 20.0 -79.0 2

 3 Rest of the world (2) -0.9 0.4 0.4 -0.4 1.0 2.4 0.2 1.4 3.7 0.9 3

 4 Financial sectors -1.1 1.9 2.4 4.4 3.2 1.5 3.3 4.7 3.5 6.2 4

 5 U.S.-chartered depository institutions 1.0 1.6 0.6 1.1 1.3 0.4 0.5 0.6 0.8 1.1 5

 6 Property-casualty insurance companies 1.0 0.9 1.4 0.8 0.9 1.2 1.1 2.8 1.5 3.9 6

 7 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Closed-end funds -1.8 -0.8 -1.4 0.5 -0.8 -1.2 -0.5 -0.2 -0.8 -1.0 8

 9 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 REITs -1.6 -0.3 1.3 0.9 1.0 1.0 0.9 0.4 0.6 0.3 10

11 Government-sponsored enterprises 0.1 0.2 0.5 0.9 0.9 -0.2 0.5 0.3 0.4 0.7 11

12 Brokers and dealers 0.3 0.3 0.1 0.1 -0.1 0.4 0.8 0.7 1.0 1.1 12

13 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Funding corporations (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Net purchases 7.9 12.8 5.5 3.9 -3.6 14.3 -9.9 7.9 27.2 -71.9 15

16 Household sector -4.5 4.2 -6.2 -10.3 -22.4 -12.6 -43.5 -33.0 -28.9 -72.0 16

17 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Rest of the world (4) 3.1 0.9 1.3 1.3 1.0 4.2 4.8 3.7 5.0 -3.4 19

20 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 U.S.-chartered depository institutions 0.2 0.1 0.4 0.1 -0.1 -0.5 -0.6 -0.5 0.3 -0.2 21

22 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 -0.0 -0.1 0.0 0.0 -0.1 22

23 Property-casualty insurance companies -0.7 0.9 1.2 2.0 3.2 3.1 2.0 2.7 2.1 -4.3 23

24 Life insurance companies 2.1 3.1 1.1 -0.1 0.4 0.4 2.4 2.4 3.4 0.3 24

25 Private pension funds 7.5 6.3 8.1 9.8 13.3 17.3 18.3 22.9 7.9 -3.9 25

26 State and local govt. retirement funds 2.4 3.1 3.7 2.6 4.1 5.3 7.1 6.0 20.0 7.3 26

27 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Mutual funds -0.9 -2.4 -3.7 -1.6 -2.8 -1.8 -0.6 3.5 13.7 5.9 28

29 Closed-end funds -1.9 -1.0 -0.7 0.2 -0.8 -1.2 -0.4 -0.7 -0.6 -0.5 29

30 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Brokers and dealers 0.7 -2.4 0.4 0.0 0.4 0.1 0.5 0.9 4.3 -1.0 31

32 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

(1) Excludes mutual fund shares shown on table F.214.

(2) Net purchases of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).

(3) Preferred shares issued by AIG to the federal goverment under the TARP program and the monetary authority sector’s preferred interest in AIA Aurora LLC and ALICO Holdings LLC.

(4) Net purchases of U.S. issues by foreign residents.

F.214 Mutual Fund Shares (1)

Billions of dollars

 1 Net issues -0.4 -2.5 0.2 -0.9 -0.8 1.2 2.4 8.5 24.0 23.1 1

 2 Net purchases -0.4 -2.5 0.2 -0.9 -0.8 1.2 2.4 8.5 24.0 23.1 2

 3 Household sector -0.7 -2.9 -0.1 -0.2 -2.2 -0.6 4.5 3.5 22.7 18.7 3

 4 Nonfinancial corporate business -0.1 -0.0 -0.1 -0.2 0.4 0.3 0.3 1.1 1.2 2.8 4

 5 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 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 7

 8 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Life insurance companies -0.1 -0.1 0.1 0.0 0.1 0.1 0.5 1.0 -0.4 0.5 10

11 Private pension funds 0.5 0.5 0.3 -0.5 0.9 1.4 -2.8 2.9 0.4 1.1 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 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
FFA, 1975-1984, December 6, 2012 43

F.215 Depository Institution Loans Not Elsewhere Classified (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities -13.6 7.5 28.7 57.7 54.0 48.1 54.2 64.8 34.5 67.7 1

 2 Household sector 8.3 1.5 -0.2 -2.2 -2.7 0.2 1.8 2.1 1.2 -6.7 2

 3 Corporate business -17.2 -4.6 15.3 22.8 30.5 29.7 33.0 71.7 25.0 59.2 3

 4 Noncorporate business 3.5 5.5 8.3 15.5 15.7 2.9 11.4 -6.6 2.1 17.8 4

 5 Rest of the world 3.9 6.8 3.1 18.3 3.1 11.8 3.0 -5.5 3.6 -6.6 5

 6 Foreign official institutions 0.3 0.9 0.1 2.1 2.1 4.5 0.8 -0.0 3.0 -0.9 6

 7 Foreign banks 1.1 4.2 2.7 9.5 -4.1 4.7 -4.5 0.7 -0.9 -3.1 7

 8 Other foreign 2.5 1.7 0.3 6.6 5.0 2.6 6.7 -6.2 1.5 -2.6 8

 9 Financial sectors -12.0 -1.6 2.2 3.3 7.4 3.4 4.8 3.1 2.5 4.0 9

10 Finance companies -8.9 0.0 3.5 3.3 4.4 0.9 1.9 2.6 2.4 3.2 10

11 REITs -4.3 -1.9 -1.5 -0.7 -0.3 -0.2 -0.1 0.0 -0.2 0.0 11

12 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Holding companies 1.2 0.3 0.3 0.7 3.4 2.6 3.0 0.5 0.3 0.8 13

14 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Net change in assets -13.6 7.5 28.7 57.7 54.0 48.1 54.2 64.8 34.5 67.7 15

16 Monetary authority (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 U.S.-chartered depository institutions -14.8 4.1 24.0 39.6 40.8 32.2 47.5 49.9 33.0 60.7 17

18 Foreign banking offices in U.S. 1.2 3.5 4.7 18.1 13.2 15.5 5.8 12.2 -0.4 5.7 18

19 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.4 0.8 2.7 1.8 1.3 19

20 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 F.108.
44 FFA, 1975-1984, December 6, 2012

F.216 Other Loans and Advances

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total other loans and advances 8.6 24.0 30.7 41.9 51.6 45.5 78.4 29.2 28.9 80.0 1

 2 U.S. government loans 6.9 7.5 5.8 12.8 12.4 16.1 19.0 13.6 8.5 16.7 2

 3 Liab.: Household sector 0.5 0.5 0.5 0.8 1.1 1.0 1.5 1.6 0.8 0.6 3

 4 Nonfinancial corporate business 0.3 0.2 0.1 1.9 1.4 1.7 1.5 1.3 -0.4 1.3 4

 5 Nonfinancial noncorporate business 2.2 2.0 3.1 7.3 6.1 6.6 8.7 4.8 2.8 3.0 5

 6 State and local governments 0.2 2.0 0.2 -1.6 0.2 0.9 1.2 1.0 1.1 7.7 6

 7 Rest of the world 2.8 3.3 3.0 3.9 2.9 4.7 4.2 4.5 4.3 4.0 7

 8 Government-sponsored enterprises 0.9 -0.4 -1.1 0.4 0.6 1.2 1.9 0.4 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 9

10 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Foreign loans to U.S. corporate business 0.1 0.2 0.2 0.3 2.0 1.6 10.9 4.7 5.7 22.8 11

12 Liab.: Nonfinancial corporate business 0.1 0.2 0.2 0.3 2.0 1.6 10.9 4.7 5.7 22.8 12

 Customers’ liability on acceptances outstanding

13 Asset: U.S.-chartered depository institutions 0.2 3.0 2.5 -0.4 6.0 5.8 8.2 7.0 4.6 -2.8 13

14 Foreign banking offices in U.S. 0.0 0.8 0.6 -0.3 1.5 1.5 3.0 0.8 2.2 6.6 14

15 Liab.: Nonfinancial corporate business 0.3 2.6 1.3 2.5 3.9 3.2 4.4 -0.8 7.0 2.8 15

16 Rest of the world -0.1 1.2 1.9 -3.2 3.6 4.1 6.9 8.5 -0.1 1.0 16

17 Holding company loans -1.5 2.2 0.0 0.8 0.3 -0.5 1.5 -1.0 -0.3 0.1 17

18 Liab.: Nonfinancial corporate business -1.5 2.2 0.0 0.8 0.3 -0.5 1.5 -1.0 -0.3 0.1 18

19 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Policy loans (Household liability) 1.6 1.4 1.7 2.6 4.7 6.7 7.4 4.2 1.1 0.4 20

21 Asset: Federal government 0.0 0.0 0.0 0.0 0.0 0.1 0.1 -0.0 -0.0 -0.0 21

22 Life insurance companies 1.6 1.4 1.7 2.6 4.7 6.6 7.3 4.3 1.1 0.4 22

23 Govt.-sponsored enterprises loans (1) -2.4 0.3 6.4 14.6 14.6 10.4 17.7 -0.8 -4.9 14.8 23

24 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 24

25 Nonfinancial corporate business (FCS) 0.1 0.1 0.1 0.1 0.3 0.2 0.2 -0.0 -0.1 -0.1 25

26 Nonfinancial noncorporate business (FCS) 1.5 2.2 2.0 2.0 5.2 3.1 1.3 -1.6 -0.4 -1.5 26

27 U.S.-chartered dep. inst. (FHLB & SLMA) -4.0 -2.0 4.3 12.5 9.2 7.1 16.2 0.8 -4.6 16.4 27

28 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Securitized loans held by ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Finance company loans to business 3.7 8.6 13.5 11.5 10.1 3.9 10.6 0.7 12.0 21.6 32

33 Liab.: Nonfinancial corporate business 3.3 7.7 12.1 10.3 9.1 3.5 9.6 0.7 10.8 19.4 33

34 Nonfinancial noncorporate business 0.4 0.9 1.3 1.1 1.0 0.4 1.1 0.1 1.2 2.2 34

35 Loans to nonfinancial corporate business (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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.
FFA, 1975-1984, December 6, 2012 45

F.217 Total Mortgages

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in mortgages 55.3 84.3 128.4 151.5 164.5 131.2 122.1 100.1 189.3 238.1 1

 2 Home 38.8 60.7 92.7 110.6 115.9 92.6 67.6 54.5 116.0 135.6 2

 3 Multifamily residential 0.0 5.2 8.4 10.8 9.8 7.5 4.8 5.4 15.2 25.2 3

 4 Commercial 11.6 12.9 18.7 21.2 24.8 20.5 40.0 36.0 55.7 78.6 4

 5 Farm 4.9 5.6 8.5 8.8 14.0 10.7 9.7 4.1 2.4 -1.3 5

 6 Net borrowing 55.3 84.3 128.4 151.5 164.5 131.2 122.1 100.1 189.3 238.1 6

 7 Household sector 40.3 58.2 86.7 106.6 116.9 90.9 67.8 49.3 112.6 134.2 7

 8 Nonfinancial business 15.2 25.7 42.0 44.8 47.7 40.5 54.4 50.8 76.8 103.6 8

 9 Corporate 2.4 6.6 14.0 12.5 2.0 -9.7 12.2 -10.4 11.2 11.4 9

10 Noncorporate 12.8 19.1 28.0 32.4 45.7 50.2 42.2 61.2 65.6 92.2 10

11 Federal government -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 11

12 REITs -0.1 0.5 -0.2 0.2 -0.0 -0.0 0.0 0.1 0.0 0.4 12

13 Net change in assets 55.3 84.3 128.4 151.5 164.5 131.2 122.1 100.1 189.3 238.1 13

14 Household sector 7.4 1.7 2.5 7.6 9.3 6.5 15.1 17.3 0.0 0.8 14

15 Nonfinancial corporate business -0.1 0.7 3.2 2.0 3.3 8.6 8.5 2.3 1.8 11.4 15

16 Nonfinancial noncorporate business -0.1 0.9 1.4 2.6 2.9 1.2 8.1 4.6 4.3 10.0 16

17 State and local governments 1.6 1.3 0.6 2.5 6.5 9.8 7.7 5.2 7.9 10.2 17

18 Federal government 6.5 0.4 4.2 4.2 6.6 7.5 4.9 2.4 1.2 0.5 18

19 U.S.-chartered depository institutions 33.3 62.3 88.9 92.4 77.4 44.9 36.6 -9.2 80.2 130.7 19

20 Foreign banking offices in U.S. 0.1 -0.1 -0.0 0.0 0.8 1.3 1.7 1.1 0.2 0.4 20

21 Banks in U.S.-affiliated areas 0.2 0.0 0.1 -0.2 0.1 0.1 0.5 -0.2 -0.3 0.1 21

22 Credit unions 0.5 0.5 0.3 -0.3 0.6 1.5 -1.0 -1.0 1.7 3.2 22

23 Property-casualty insurance companies 0.1 0.1 0.1 0.0 0.3 0.3 0.4 0.3 0.7 0.4 23

24 Life insurance companies 2.9 2.4 5.3 9.3 12.3 12.7 6.7 4.2 9.0 5.7 24

25 Private pension funds 0.0 0.0 0.1 0.2 0.4 0.4 0.3 3.9 2.4 -0.4 25

26 State and local govt. retirement funds -0.2 0.2 0.3 0.5 1.0 1.3 1.6 1.3 0.9 0.6 26

27 Government-sponsored enterprises (1) 5.4 3.0 3.5 12.2 14.4 14.2 12.6 14.1 10.4 11.9 27

28 Agency- and GSE-backed mortgage pools 7.1 12.2 16.1 13.6 23.1 19.2 15.0 49.5 66.3 44.5 28

29 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 29

30 Finance companies -0.2 1.3 3.1 4.9 5.8 1.9 3.2 4.1 2.7 5.4 30

31 REITs -9.0 -2.5 -1.2 -0.3 -0.1 -0.2 -0.1 0.2 -0.1 0.8 31
46 FFA, 1975-1984, December 6, 2012

F.218 Home Mortgages (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net borrowing 38.8 60.7 92.7 110.6 115.9 92.6 67.6 54.5 116.0 135.6 1

 2 Household sector 39.7 57.6 85.9 105.7 116.5 90.2 67.0 47.4 105.1 127.3 2

 3 Nonfinancial corporate business -0.2 0.6 1.4 1.0 -0.1 0.1 -0.3 0.2 1.4 1.3 3

 4 Nonfinancial noncorporate business -0.7 2.4 5.4 3.9 -0.4 2.3 0.9 6.8 9.5 7.1 4

 5 Net change in assets 38.8 60.7 92.7 110.6 115.9 92.6 67.6 54.5 116.0 135.6 5

 6 Household sector 2.7 2.0 1.0 6.0 6.4 5.2 17.5 19.9 -5.5 5.7 6

 7 Nonfinancial corporate business -0.5 -0.9 1.3 0.4 1.2 7.4 -5.9 -5.4 2.1 -4.5 7

 8 Nonfinancial noncorporate business 0.0 0.4 0.4 0.9 0.7 0.4 2.8 2.0 1.6 3.3 8

 9 State and local governments 0.8 0.8 0.2 2.0 4.7 7.9 5.8 3.0 5.2 5.4 9

10 Federal government 4.1 -0.7 2.5 1.9 2.3 2.7 2.4 1.5 0.7 0.6 10

11 U.S.-chartered depository institutions 24.0 47.3 70.7 73.3 61.5 37.3 24.8 -28.5 35.8 62.5 11

12 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 12

13 Banks in U.S.-affiliated areas -0.0 0.1 -0.0 0.1 0.1 0.1 0.1 -0.2 0.0 0.1 13

14 Credit unions 0.5 0.5 0.3 -0.3 0.6 1.5 -1.0 -1.0 1.7 3.2 14

15 Life insurance companies -1.4 -1.5 -1.3 -0.3 1.7 1.8 -0.7 -0.5 -1.4 -1.2 15

16 Private pension funds -0.2 -0.1 0.0 0.2 0.3 0.2 0.1 0.9 -0.5 0.9 16

17 State and local govt. retirement funds -0.4 -0.0 0.1 -0.1 0.3 0.4 0.3 0.1 -0.0 -0.1 17

18 Government-sponsored enterprises 2.5 0.5 0.5 9.0 9.2 7.6 5.1 10.3 9.4 10.7 18

19 Agency- and GSE-backed mortgage pools 7.3 11.9 15.7 12.4 21.8 18.7 14.3 49.3 65.1 43.5 19

20 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 20

21 Finance companies 0.5 0.7 1.6 5.1 5.2 1.2 2.1 3.2 1.8 3.3 21

22 REITs -1.0 -0.2 -0.1 -0.1 -0.1 -0.0 0.0 -0.0 -0.1 0.0 22

 Memo:

23 Home equity loans included above (2) ND ND ND ND ND ND ND ND ND ND 23

24 U.S.-chartered depository institutions ND ND ND ND ND ND ND ND ND ND 24

25 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 25

26 Credit unions ND ND ND ND ND ND ND ND ND ND 26

27 ABS issuers ND ND ND ND ND ND ND ND ND ND 27

28 Finance companies 0.9 0.2 1.3 2.5 2.5 2.2 1.9 0.9 1.0 1.9 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.

F.219 Multifamily Residential Mortgages

Billions of dollars

 1 Net borrowing 0.0 5.2 8.4 10.8 9.8 7.5 4.8 5.4 15.2 25.2 1

 2 Nonfinancial corporate business 0.0 0.3 0.4 0.5 0.5 0.4 0.2 0.3 0.8 1.3 2

 3 Nonfinancial noncorporate business 0.1 4.8 8.1 10.3 9.5 7.2 4.6 5.2 14.5 23.9 3

 4 Federal government -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 4

 5 REITs -0.0 0.2 -0.1 0.1 -0.0 -0.0 0.0 0.0 0.0 0.1 5

 6 Net change in assets 0.0 5.2 8.4 10.8 9.8 7.5 4.8 5.4 15.2 25.2 6

 7 Household sector 1.3 -0.9 -0.7 -0.5 -0.4 -0.3 -0.6 1.1 3.7 -0.4 7

 8 Nonfinancial corporate business 0.1 1.3 1.7 1.7 1.8 1.0 -1.3 -1.7 -2.2 0.6 8

 9 Nonfinancial noncorporate business -0.1 0.2 0.3 0.6 0.5 0.2 1.6 1.0 1.1 2.0 9

10 State and local governments 0.7 0.3 0.3 0.4 1.4 1.5 1.2 1.4 2.4 4.5 10

11 Federal government 1.2 0.2 0.3 0.9 1.1 1.9 1.0 -0.3 -0.3 -0.7 11

12 U.S.-chartered depository institutions 0.9 5.4 6.1 5.4 3.0 1.7 1.4 3.0 8.9 16.5 12

13 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 13

14 Life insurance companies 0.0 -0.5 -0.4 0.2 0.2 0.3 -0.2 -0.4 0.3 -0.2 14

15 Private pension funds 0.0 0.0 0.0 -0.1 0.0 -0.2 -0.0 0.1 0.0 0.3 15

16 State and local govt. retirement funds 0.2 -0.0 -0.2 0.6 0.6 0.5 0.9 0.6 0.6 0.1 16

17 Government-sponsored enterprises 0.2 -0.1 0.1 -0.0 0.2 0.2 -0.1 -0.1 -0.1 0.9 17

18 Agency- and GSE-backed mortgage pools 0.4 0.5 0.9 1.5 1.2 0.7 0.9 0.4 1.2 1.1 18

19 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Finance companies -0.8 -0.3 0.3 0.3 0.2 0.2 0.0 0.2 -0.3 0.2 20

21 REITs -4.2 -1.1 -0.4 -0.2 -0.0 -0.1 -0.1 0.1 0.0 0.4 21
FFA, 1975-1984, December 6, 2012 47

F.220 Commercial Mortgages

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net borrowing 11.6 12.9 18.7 21.2 24.8 20.5 40.0 36.0 55.7 78.6 1

 2 Household sector 0.5 0.6 0.8 0.8 0.5 0.6 0.8 1.9 7.5 6.9 2

 3 Nonfinancial corporate business 2.1 5.3 11.5 10.2 0.5 -11.0 11.4 -11.3 8.8 9.0 3

 4 Nonfinancial noncorporate business 9.0 6.7 6.6 10.0 23.9 30.8 27.8 45.4 39.4 62.4 4

 5 REITs -0.0 0.3 -0.1 0.1 -0.0 -0.0 0.0 0.1 0.0 0.3 5

 6 Net change in assets 11.6 12.9 18.7 21.2 24.8 20.5 40.0 36.0 55.7 78.6 6

 7 Household sector 1.8 -0.9 -0.5 -0.4 -1.2 -0.1 -3.2 -3.7 1.8 -1.3 7

 8 Nonfinancial corporate business 0.3 0.3 0.3 -0.2 0.2 0.1 15.7 9.4 1.9 15.3 8

 9 Nonfinancial noncorporate business -0.1 0.3 0.6 1.2 1.6 0.6 3.5 1.5 1.8 4.4 9

10 State and local governments 0.0 0.0 0.0 0.0 0.2 0.2 0.5 0.9 0.4 0.3 10

11 Federal government 0.5 0.4 0.6 0.6 0.8 1.2 1.0 0.7 0.4 0.0 11

12 U.S.-chartered depository institutions 8.1 9.2 11.1 13.0 12.8 6.0 10.7 16.3 34.5 50.6 12

13 Foreign banking offices in U.S. 0.1 -0.1 -0.0 0.0 0.8 1.3 1.7 1.1 0.2 0.4 13

14 Banks in U.S.-affiliated areas 0.2 -0.1 0.1 -0.3 0.0 0.0 0.4 0.0 -0.3 -0.0 14

15 Property-casualty insurance companies 0.1 0.1 0.1 0.0 0.3 0.3 0.4 0.3 0.7 0.4 15

16 Life insurance companies 3.9 3.7 5.6 7.8 8.7 9.7 7.5 5.4 10.3 7.3 16

17 Private pension funds 0.1 0.1 0.1 0.0 0.1 0.4 0.3 2.8 2.8 -1.6 17

18 State and local govt. retirement funds 0.3 0.2 0.4 0.1 0.2 0.3 0.4 0.5 0.3 0.6 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 19

20 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Finance companies 0.1 1.0 1.1 -0.5 0.4 0.5 1.1 0.8 1.2 1.9 21

22 REITs -3.9 -1.3 -0.7 -0.1 -0.1 -0.1 -0.0 0.1 -0.1 0.4 22

F.221 Farm Mortgages (1)

Billions of dollars

 1 Net borrowing 4.9 5.6 8.5 8.8 14.0 10.7 9.7 4.1 2.4 -1.3 1

 2 Nonfinancial corporate business 0.5 0.5 0.7 0.7 1.1 0.9 0.9 0.4 0.2 -0.1 2

 3 Nonfinancial noncorporate business 4.5 5.1 7.9 8.1 12.9 9.8 8.9 3.7 2.2 -1.2 3

 4 Net change in assets 4.9 5.6 8.5 8.8 14.0 10.7 9.7 4.1 2.4 -1.3 4

 5 Household sector 1.6 1.5 2.7 2.5 4.6 1.7 1.4 -0.0 0.0 -3.2 5

 6 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 -0.1 0.3 6

 7 State and local governments 0.0 0.1 0.0 0.1 0.2 0.3 0.1 -0.0 -0.0 0.0 7

 8 Federal government 0.7 0.6 0.8 0.8 2.3 1.8 0.6 0.5 0.4 0.5 8

 9 U.S.-chartered depository institutions 0.3 0.4 1.0 0.8 0.1 -0.0 -0.2 0.0 1.1 1.1 9

10 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 10

11 Life insurance companies 0.4 0.7 1.4 1.6 1.6 0.8 0.1 -0.3 -0.1 -0.3 11

12 State and local govt. retirement funds -0.2 -0.0 0.0 -0.0 0.0 -0.0 0.0 0.0 -0.0 0.0 12

13 Government-sponsored enterprises 2.6 2.5 3.0 3.2 5.1 6.4 7.7 3.9 1.1 0.3 13

14 Agency- and GSE-backed mortgage pools -0.6 -0.2 -0.5 -0.3 0.1 -0.2 -0.1 -0.2 -0.0 -0.0 14

(1) Excludes mortgages on farm houses.
48 FFA, 1975-1984, December 6, 2012

F.222 Consumer Credit

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities (Households) 7.8 22.0 35.8 46.4 43.3 3.4 19.8 18.8 48.2 81.7 1

 2 Net change in assets 7.8 22.0 35.8 46.4 43.3 3.4 19.8 18.8 48.2 81.7 2

 3 Nonfinancial corporate business 0.9 2.3 0.9 2.1 1.8 1.1 0.9 0.5 4.6 3.0 3

 4 Nonfinancial noncorporate business -0.4 -0.2 -0.5 -0.5 -0.6 -0.7 -0.1 -0.0 0.0 0.0 4

 5 Federal government (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 U.S.-chartered depository institutions 4.0 12.7 23.2 27.5 26.1 -2.9 5.3 9.3 27.7 57.9 6

 7 Credit unions 3.8 5.5 6.4 7.6 2.2 -3.3 2.7 2.1 7.3 11.7 7

 8 Government-sponsored enterprises 0.0 0.0 0.4 0.4 0.6 1.1 2.2 1.6 -1.8 1.0 8

 9 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Finance companies -0.6 1.6 5.4 9.3 13.2 8.1 8.9 5.4 10.4 8.0 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.

F.223 Trade Credit

Billions of dollars

 1 Net change in trade payables 16.6 31.5 43.9 54.5 74.6 50.0 40.1 22.8 23.6 57.3 1

 2 Household sector 0.5 0.2 0.4 0.8 0.7 1.2 1.0 0.8 2.4 3.1 2

 3 Nonfinancial corporate business 9.7 18.9 32.0 40.9 55.7 29.2 27.0 10.8 7.8 34.6 3

 4 Nonfinancial noncorporate business 1.3 3.0 3.6 3.6 8.3 5.7 6.1 4.4 -0.1 4.8 4

 5 State and local governments 3.8 4.0 4.2 4.7 5.2 5.8 6.3 6.6 7.0 7.8 5

 6 Federal government 0.7 5.1 3.2 4.4 2.2 2.3 0.5 4.8 5.0 7.1 6

 7 Rest of the world 0.7 0.3 0.5 0.0 2.2 5.4 -1.1 -5.2 -1.1 -0.6 7

 8 Brokers and dealers 0.1 0.1 0.1 0.1 0.2 0.4 0.4 0.5 2.5 0.4 8

 9 Net change in trade receivables 23.5 39.7 52.8 78.5 86.0 69.4 54.9 11.8 71.6 87.1 9

10 Nonfinancial corporate business 17.2 31.0 44.0 60.9 72.4 49.7 44.8 -5.0 57.4 67.6 10

11 Nonfinancial noncorporate business 1.3 1.3 4.1 6.0 4.1 2.3 4.5 8.0 7.4 6.9 11

12 State and local governments 1.4 1.7 2.3 3.3 3.9 2.8 2.3 1.3 1.5 3.1 12

13 Federal government 1.2 0.5 -0.8 2.7 2.4 3.8 2.5 4.8 3.8 5.1 13

14 Rest of the world 1.8 4.0 1.9 4.1 1.3 8.8 -2.0 0.6 -1.1 0.8 14

15 Property-casualty insurance companies 0.6 1.2 1.3 1.5 1.9 2.0 2.6 2.1 2.0 2.8 15

16 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.9 16

17 Discrepancy -6.9 -8.2 -8.9 -24.1 -11.4 -19.3 -14.7 10.9 -48.0 -29.9 17

F.224 Security Credit

Billions of dollars

 1 Net change in liabilities 2.6 11.4 4.3 2.5 1.3 13.9 2.1 5.9 13.6 4.5 1

 2 Household sector 0.9 3.9 2.0 2.6 0.3 7.3 -1.7 2.8 8.4 -2.3 2

 3 Rest of the world 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 1.6 7.5 2.2 -0.1 1.0 6.7 3.8 3.1 5.2 6.8 4

 5 Customer credit balances (HH) 0.6 0.9 0.0 2.8 1.8 5.9 -1.5 3.1 2.7 1.0 5

 6 From U.S.-chartered depository institutions 1.0 6.2 1.8 -3.0 -0.8 1.2 4.7 0.5 2.0 4.7 6

 7 From foreign banking offices in U.S. -0.1 0.4 0.5 0.1 -0.0 -0.4 0.6 -0.5 0.5 1.1 7

 8 Net change in assets 2.6 11.4 4.3 2.5 1.3 13.9 2.1 5.9 13.6 4.5 8

 9 Household sector 0.6 0.9 0.0 2.8 1.8 5.9 -1.5 3.1 2.7 1.0 9

10 Rest of the world 0.1 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 1.0 6.2 1.8 -3.0 -0.8 1.2 4.7 0.5 2.0 4.7 11

12 Foreign banking offices in U.S. -0.1 0.4 0.5 0.1 -0.0 -0.4 0.6 -0.5 0.5 1.1 12

13 Brokers and dealers 1.0 3.9 2.0 2.6 0.3 7.3 -1.7 2.8 8.4 -2.3 13
FFA, 1975-1984, December 6, 2012 49

F.225 Life Insurance and Pension Fund Reserves

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Life insurance reserves:

 1 Net change in liabilities 10.2 9.2 10.0 11.6 10.9 10.3 9.6 7.8 8.8 6.1 1

 2 Federal government 2.3 0.6 0.7 0.7 0.5 0.6 0.6 0.8 1.0 1.1 2

 3 Life insurance companies 7.9 8.6 9.3 10.9 10.4 9.7 8.9 7.0 7.8 5.0 3

 4 Net change in assets 10.2 9.2 10.0 11.6 10.9 10.3 9.6 7.8 8.8 6.1 4

 5 Households 10.2 9.2 10.0 11.6 10.9 10.3 9.6 7.8 8.8 6.1 5

 6 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 6

 7 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 Pension fund reserves:

 8 Net change in liabilities 63.5 51.6 70.9 83.3 93.0 117.6 118.2 169.3 163.0 162.6 8

 9 Life insurance companies 8.7 15.0 16.8 19.1 19.4 22.3 29.5 39.7 32.7 48.9 9

10 Private pension funds (1) 40.3 19.5 32.0 36.7 49.6 60.0 49.6 87.1 83.2 48.3 10

11 State and local govt. retirement funds 10.9 12.5 15.5 20.5 16.0 26.3 29.1 30.5 32.6 46.9 11

12 Federal government retirement funds (2) 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 12

13 Net change in assets (Households) (3) 63.5 51.6 70.9 83.3 93.0 117.6 118.2 169.3 163.0 162.6 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 F.225.i), except those at life insurance companies.

F.226 Taxes Payable by Businesses

Billions of dollars

 1 Net change in taxes payable by all -1.4 7.2 3.4 7.0 9.9 5.6 -6.3 -2.4 4.7 4.5 1

 businesses

 2 Nonfinancial corporate business -2.2 5.5 1.3 4.9 6.9 2.9 -4.0 -4.3 3.1 3.5 2

 3 Nonfinancial noncorporate business 1.1 1.2 1.1 1.1 2.8 2.5 -1.6 1.5 1.8 1.1 3

 4 U.S.-chartered depository institutions -0.2 0.2 0.4 0.3 0.2 -0.5 -0.3 -0.1 -0.0 -0.1 4

 5 Property-casualty insurance companies 0.0 0.1 0.1 0.1 -0.0 0.1 -0.0 0.1 -0.0 0.0 5

 6 Life insurance companies -0.1 0.1 0.4 0.3 0.0 0.4 -0.1 0.2 -0.1 0.1 6

 7 Finance companies 0.0 0.0 0.1 0.1 -0.1 -0.1 -0.1 -0.1 0.1 -0.0 7

 8 Brokers and dealers 0.0 0.1 -0.1 0.1 0.0 0.3 -0.2 0.3 -0.2 -0.1 8

 9 Net change in business taxes receivable -0.3 7.7 0.7 4.1 2.5 -1.8 -13.9 -10.0 8.1 -0.6 9

10 State and local governments 1.6 1.4 1.7 1.4 2.8 3.0 -1.9 1.5 2.7 1.0 10

11 Federal government -1.9 6.3 -1.0 2.7 -0.4 -4.8 -12.0 -11.5 5.4 -1.5 11

12 Discrepancy -1.1 -0.5 2.7 2.9 7.4 7.4 7.6 7.6 -3.4 5.0 12

F.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household investment -9.9 -12.1 -6.4 -13.0 -25.7 -40.4 11.0 -53.8 -47.3 -55.0 1

 2 Nonfinancial noncorporate business -10.5 -12.5 -6.5 -13.3 -26.7 -41.0 11.0 -54.3 -47.7 -55.0 2

 3 Brokers and dealers 0.6 0.4 0.1 0.4 1.0 0.6 0.1 0.5 0.3 -0.0 3
50 FFA, 1975-1984, December 6, 2012

F.228 Total Miscellaneous Financial Claims

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities 78.5 89.3 98.9 186.9 222.3 196.2 232.4 199.6 207.3 307.0 1

 2 Household sector 0.7 0.6 0.9 1.1 1.3 1.2 1.8 0.8 0.6 -1.0 2

 3 Nonfinancial corporate business 28.9 26.7 36.9 69.9 118.5 108.6 148.2 46.7 31.9 152.5 3

 4 Nonfinancial noncorporate business 3.0 1.3 -0.1 3.4 7.4 8.0 0.2 29.8 13.9 10.6 4

 5 Federal government 3.0 5.5 5.7 6.8 6.7 7.0 11.0 12.2 16.6 23.4 5

 6 Rest of the world 14.1 15.4 8.7 29.4 31.4 15.0 10.5 55.2 14.2 16.8 6

 7 Monetary authority -0.3 0.1 0.2 1.1 1.0 -1.0 0.6 -0.0 -0.1 0.5 7

 8 U.S.-chartered depository institutions 8.5 9.0 17.8 35.0 17.8 9.9 13.9 15.9 46.2 67.4 8

 9 Foreign banking offices in U.S. 1.7 -0.4 0.7 2.7 -0.5 4.1 1.4 4.9 1.0 -0.0 9

10 Banks in U.S.-affiliated areas 0.1 -0.0 0.4 0.3 0.8 2.5 0.9 -0.0 2.7 0.1 10

11 Credit unions -0.1 -0.0 0.6 0.1 0.1 1.5 0.1 -0.9 0.0 0.6 11

12 Property-casualty insurance companies 6.4 10.6 12.7 14.4 15.5 13.9 12.0 11.1 12.7 14.6 12

13 Life insurance companies 3.3 3.9 4.6 4.8 5.3 3.0 7.8 6.8 9.3 14.6 13

14 Government-sponsored enterprises 1.7 2.0 1.3 4.5 5.7 3.6 4.7 5.9 -0.2 10.2 14

15 Finance companies 2.5 3.9 2.0 10.7 10.4 6.0 9.6 7.4 9.6 7.0 15

16 REITs -1.7 0.1 -0.1 0.2 -0.0 0.1 -0.1 0.1 0.0 0.2 16

17 Brokers and dealers -1.7 2.9 -0.7 3.3 1.1 3.0 1.1 -6.2 13.1 2.2 17

18 Holding companies 8.3 7.8 6.9 -1.8 -0.2 0.3 12.5 10.9 11.2 5.3 18

19 Funding corporations -0.1 0.1 0.4 1.1 0.1 9.4 -4.1 -0.9 24.8 -18.0 19

20 Net change in assets 25.2 56.6 105.4 137.1 134.1 138.7 233.1 182.4 143.0 301.9 20

21 Household sector 4.0 5.9 7.4 7.1 7.8 7.2 8.0 8.7 16.4 2.9 21

22 Nonfinancial corporate business -16.0 14.3 59.1 54.7 71.3 54.0 146.6 70.1 31.4 166.7 22

23 Nonfinancial noncorporate business 1.1 4.7 6.0 6.2 6.5 5.3 15.8 -6.9 2.3 1.7 23

24 State and local governments -0.1 0.1 -0.2 0.1 0.1 -0.1 0.1 -0.0 0.1 1.4 24

25 Federal government 0.7 1.0 0.7 0.8 0.8 0.5 0.9 1.6 0.7 1.5 25

26 Rest of the world 1.1 11.4 -1.1 12.8 13.6 14.3 14.0 -3.0 7.7 24.6 26

27 Monetary authority -0.1 -0.3 -0.7 -0.2 1.2 -0.1 0.0 0.1 0.5 3.0 27

28 U.S.-chartered depository institutions 6.4 1.3 7.5 16.4 -2.2 12.2 8.8 29.9 9.4 38.1 28

29 Foreign banking offices in U.S. 0.3 -0.5 -0.6 1.3 -0.9 -2.3 0.6 28.1 -2.5 -1.2 29

30 Banks in U.S.-affiliated areas 0.6 -0.1 0.0 1.1 1.3 1.8 2.9 -3.2 1.7 -2.8 30

31 Credit unions -0.1 -0.1 -0.2 1.7 1.7 3.3 -0.9 -0.5 0.0 -0.4 31

32 Property-casualty insurance companies 0.7 0.9 1.2 0.7 0.9 1.0 1.1 0.7 0.7 0.5 32

33 Life insurance companies 1.7 1.5 2.3 2.1 2.9 2.7 3.6 7.1 8.0 6.8 33

34 Private pension funds 11.7 3.5 8.8 11.0 7.5 5.5 -1.1 4.0 17.2 3.1 34

35 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 -0.1 35

36 Federal government retirement funds 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 36

37 Money market mutual funds 0.0 0.0 -0.1 0.5 0.4 0.1 1.0 -0.6 -0.2 0.8 37

38 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Government-sponsored enterprises 1.0 -0.5 1.0 0.4 0.4 1.3 0.6 0.9 1.1 3.1 39

40 Finance companies -4.1 -0.7 0.6 2.4 2.6 0.0 1.8 2.4 0.5 -1.7 40

41 REITs -0.1 -0.1 0.1 0.2 0.2 0.1 0.0 0.0 0.2 0.7 41

42 Brokers and dealers 0.5 3.3 -1.4 3.4 2.1 1.9 1.4 2.9 6.0 2.4 42

43 Holding companies 12.3 6.4 8.1 7.5 8.0 12.2 23.6 24.7 23.8 31.1 43

44 Funding corporations 0.0 0.0 0.0 0.0 0.0 9.0 -5.7 3.4 3.2 1.2 44

45 Discrepancy 53.2 32.7 -6.5 49.8 88.2 57.4 -0.8 17.2 64.3 5.1 45
FFA, 1975-1984, December 6, 2012 51

F.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 U.S. direct investment abroad (1):

 1 Liab.: Rest of the world 14.2 11.9 11.8 15.7 26.8 22.9 15.5 18.2 18.0 20.3 1

 2 Equity 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9.7 7.2 2.4 2

 3 Reinvested earnings 14.2 11.9 11.9 16.1 25.2 19.2 9.6 8.3 16.7 21.0 3

 4 Intercompany accounts 0.0 0.0 -0.1 -0.4 1.6 3.7 5.8 0.2 -6.0 -3.1 4

 5 Asset: Nonfinancial corporate business 12.8 10.1 9.6 13.7 24.4 20.0 11.9 16.0 15.0 17.6 5

 6 U.S.-chartered depository institutions 0.5 0.7 0.9 1.0 1.3 1.6 2.0 1.3 1.4 1.5 6

 7 Property-casualty insurance companies 0.7 0.9 1.2 0.7 0.9 1.0 1.1 0.7 0.7 0.5 7

 8 Life insurance companies 0.1 0.1 0.1 0.1 0.2 0.2 0.2 -0.0 0.1 0.3 8

 9 Finance companies 0.0 0.0 0.0 0.2 0.2 0.3 0.3 0.4 0.5 0.5 9

10 Brokers and dealers 0.0 0.1 0.1 -0.1 -0.1 -0.1 -0.1 -0.2 0.2 -0.1 10

 Foreign direct investment in U.S. (1):

11 Liab.: Nonfinancial corporate business 2.2 3.5 3.2 7.0 9.1 13.2 20.6 8.3 7.9 18.4 11

12 Nonfinancial noncorporate business -0.0 0.0 -0.0 0.2 0.4 1.2 1.5 1.2 1.3 1.1 12

13 Foreign banking offices in U.S. 0.0 0.1 0.1 0.2 0.6 1.1 1.9 1.5 0.9 1.7 13

14 Property-casualty insurance companies 0.2 0.3 0.1 0.3 0.8 0.4 0.5 0.3 0.5 -0.3 14

15 Life insurance companies 0.2 0.2 0.1 0.2 0.6 0.5 0.8 0.3 -0.1 1.1 15

16 Finance companies 0.0 0.0 0.0 0.0 0.0 0.4 -0.4 0.2 -0.3 1.9 16

17 Brokers and dealers 0.1 0.2 0.2 0.0 0.3 0.2 0.3 0.8 0.3 0.5 17

18 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Asset: Rest of the world 2.6 4.3 3.7 7.9 11.9 16.9 25.2 12.6 10.4 24.5 19

20 Equity 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9.7 8.7 15.0 20

21 Reinvested earnings 2.6 4.3 3.7 7.9 11.9 16.9 25.2 -3.5 -1.5 2.0 21

22 Intercompany accounts 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6.4 3.2 7.4 22

 Federal government equity in IBRD, etc.:

23 Liab.: Rest of the world 0.7 1.1 0.7 0.6 0.8 0.7 1.1 1.3 0.7 1.1 23

24 Asset: Federal government 0.7 1.1 0.7 0.6 0.8 0.7 1.1 1.3 0.7 1.1 24

 Federal Reserve Bank stock:

25 Liab.: Monetary authority 0.0 0.1 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 25

26 Asset: U.S.-chartered depository institutions 0.0 0.1 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 26

 Equity in govt.-sponsored enterprises:

27 Liab.: Government-sponsored enterprises 0.4 0.5 0.7 1.2 1.6 0.7 1.4 0.9 0.2 0.9 27

28 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 28

29 Nonfinancial noncorporate (FCS) 0.3 0.3 0.3 0.4 0.5 0.6 0.7 0.4 0.1 0.1 29

30 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 U.S.-chartered depository institutions (FHLB) 0.1 0.2 0.4 0.8 1.0 0.0 0.7 0.4 0.1 0.8 31

32 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

 Holding company net transactions with subsidiaries:

34 Liab.: U.S.-chartered depository institutions 7.0 4.5 6.4 5.8 6.2 4.7 12.6 14.0 12.3 18.3 34

35 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Finance companies 6.7 3.3 0.4 3.3 2.4 2.1 -8.9 6.2 4.1 8.3 37

38 Brokers and dealers -0.2 0.8 1.4 -0.5 1.0 3.6 7.6 1.8 3.8 2.5 38

39 Rest of the world 0.0 0.1 0.1 -1.0 -0.8 2.1 6.1 2.2 3.1 0.6 39

40 Asset: Holding companies 13.5 8.8 8.3 7.6 8.8 12.6 17.4 24.2 23.4 29.7 40

 NFC investment in finance company subsidiaries:

41 Liab.: Finance companies 2.0 1.0 1.0 1.3 1.1 1.1 1.1 1.1 1.1 1.1 41

42 Asset: Nonfinancial corporate business 2.0 1.0 1.0 1.3 1.1 1.1 1.1 1.1 1.1 1.1 42

 Funding corporations’ investment in subsidiaries:

43 Liab.: Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.4 -1.3 1.9 2.2 0.3 43

44 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 8.6 -4.4 1.5 1.0 0.8 44

45 Asset: Funding corporations 0.0 0.0 0.0 0.0 0.0 9.0 -5.7 3.4 3.2 1.2 45

 Equity investment under Public-Private Inv. Program:

46 Liab.: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

47 Asset: Households (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

48 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48

(1) Direct investment is valued on a current-cost basis. Excludes capital gains and losses. Components of direct investment--equity, reinvested earnings, intercompany accounts--

 are not available before 1982.

(2) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
52 FFA, 1975-1984, December 6, 2012

F.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 0.0 -0.1 -0.0 0.1 -0.0 -0.2 -0.2 0.4 0.1 0.4 1

 2 Asset: Federal government 0.0 -0.1 -0.0 0.1 -0.0 -0.2 -0.2 0.4 0.1 0.4 2

 3 Monetary authority (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 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 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 0.3 1.2 0.3 2.1 3.0 0.8 1.8 2.8 -2.9 7.0 6

 7 Asset: U.S.-chartered depository institutions 0.3 1.2 0.3 2.1 3.0 0.8 1.8 2.8 -2.9 7.0 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 0.7 0.6 0.9 1.1 1.3 1.2 1.8 0.8 0.6 -1.0 8

 9 Asset: Life insurance companies 0.7 0.6 0.9 1.1 1.3 1.2 1.8 0.8 0.6 -1.0 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 1.9 2.3 3.2 3.2 3.0 2.1 3.3 3.9 4.1 4.2 10

11 Accident and health 0.7 0.7 1.4 1.3 0.8 0.6 0.9 1.3 1.8 1.6 11

12 Policy dividend accumulation 1.0 1.2 1.4 1.4 1.6 1.1 1.2 1.0 1.4 1.1 12

13 Contract claims 0.3 0.5 0.5 0.5 0.6 0.4 1.2 1.6 0.9 1.5 13

14 Asset: Household sector 1.9 2.3 3.2 3.2 3.0 2.1 3.3 3.9 4.1 4.2 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 6.2 10.3 12.6 14.1 14.7 13.5 11.5 10.8 12.2 14.8 15

16 Asset: Household sector 2.1 3.6 4.2 3.9 4.8 5.1 4.7 4.8 12.3 -1.4 16

17 Nonfinancial corporate business 2.3 3.5 4.5 5.7 5.7 4.8 3.8 2.8 3.5 5.1 17

18 Nonfinancial noncorporate business 1.9 3.2 3.9 4.4 4.3 3.7 3.1 3.2 -3.6 11.1 18

 Unallocated insurance company contracts:

19 Liab.: Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Asset: Private pension funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 Pension fund contributions payable:

21 Liab.: Nonfinancial corporate business 1.0 0.5 0.3 0.8 0.9 1.4 0.4 1.9 2.1 0.9 21

22 Asset: Private pension funds 1.0 0.5 0.3 0.8 0.9 1.4 0.4 1.9 2.1 0.9 22

 Securities borrowed (net):

23 Liab.: Funding corporations 0.0 0.6 -0.1 0.5 0.1 -0.0 1.0 0.2 2.9 0.2 23

24 Asset: Brokers and dealers 0.0 0.6 -0.1 0.5 0.1 -0.0 1.0 0.2 2.9 0.2 24

 Nonmarketable government securities:

25 Liab.: Federal government 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 25

26 Asset: Federal government retirement funds 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 26

 Retiree health care funds (2):

27 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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.
FFA, 1975-1984, December 6, 2012 53

F.231 Unidentified Miscellaneous Financial Claims

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities 31.3 41.7 48.8 123.6 140.1 104.5 146.8 105.1 116.6 183.1 1

 2 Nonfinancial corporate business 25.7 22.7 33.4 62.2 108.6 94.1 127.3 36.5 21.9 133.1 2

 3 Nonfinancial noncorporate business 3.0 1.2 -0.1 3.2 6.9 6.8 -1.3 28.6 12.6 9.6 3

 4 Federal government -0.7 0.9 -0.9 -0.3 -1.3 -1.9 1.0 0.2 2.0 4.9 4

 5 Rest of the world -0.8 2.4 -3.9 13.9 4.6 -10.5 -11.9 33.2 -7.6 -5.5 5

 6 Monetary authority -0.3 0.0 0.1 1.0 1.0 -1.1 0.6 -0.1 -0.2 0.4 6

 7 U.S.-chartered depository institutions 1.5 4.5 11.4 29.3 11.5 5.2 1.3 1.9 33.9 49.1 7

 8 Foreign banking offices in U.S. 1.7 -0.5 0.6 2.5 -1.1 2.7 0.8 1.5 -2.1 -2.0 8

 9 Banks in U.S.-affiliated areas 0.1 -0.0 0.4 0.3 0.8 2.5 0.9 -0.0 2.7 0.1 9

10 Credit unions -0.1 -0.0 0.6 0.1 0.1 1.5 0.1 -0.9 0.0 0.6 10

11 Life insurance companies 1.2 1.3 1.3 1.3 1.7 0.5 3.6 2.6 5.2 9.2 11

12 Government-sponsored enterprises 1.1 0.3 0.4 1.3 1.1 2.1 1.4 2.2 2.4 2.3 12

13 Finance companies -6.2 -0.4 0.5 6.0 6.9 2.4 17.9 -0.2 4.7 -4.3 13

14 REITs -1.7 0.1 -0.1 0.2 -0.0 0.1 -0.1 0.1 0.0 0.2 14

15 Brokers and dealers -1.6 1.9 -2.3 3.8 -0.2 -9.4 -2.4 -10.3 7.9 -1.7 15

16 Holding companies 8.3 7.8 6.9 -1.8 -0.2 0.3 12.5 10.9 11.2 5.3 16

17 Funding corporations -0.1 -0.5 0.5 0.5 -0.1 9.4 -5.1 -1.0 21.9 -18.2 17

18 Net change in assets -22.0 8.9 55.3 73.9 51.9 47.0 147.6 87.8 52.3 178.0 18

19 Nonfinancial corporate business -33.1 -0.3 44.1 33.9 40.1 28.1 129.7 50.1 11.7 142.8 19

20 Nonfinancial noncorporate business -1.1 1.2 1.9 1.4 1.7 1.0 12.1 -10.5 5.9 -9.4 20

21 State and local governments -0.1 0.1 -0.2 0.1 0.1 -0.1 0.1 -0.0 0.1 1.4 21

22 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Rest of the world -1.5 7.1 -4.8 4.9 1.7 -2.6 -11.2 -15.7 -2.7 0.1 23

24 Monetary authority -0.1 -0.3 -0.7 -0.2 1.2 -0.1 0.0 0.1 0.5 3.0 24

25 U.S.-chartered depository institutions 5.5 -0.8 5.9 12.5 -7.6 9.7 4.2 25.2 10.6 28.7 25

26 Foreign banking offices in U.S. 0.3 -0.5 -0.6 1.3 -0.9 -2.3 0.6 28.1 -2.5 -1.2 26

27 Banks in U.S.-affiliated areas 0.6 -0.1 0.0 1.1 1.3 1.8 2.9 -3.2 1.7 -2.8 27

28 Credit unions -0.1 -0.1 -0.2 1.7 1.7 3.3 -0.9 -0.5 0.0 -0.4 28

29 Life insurance companies 0.9 0.7 1.3 0.9 1.4 1.3 1.6 6.3 7.3 7.5 29

30 Private pension funds 10.8 3.0 8.5 10.2 6.6 4.1 -1.5 2.1 15.0 2.2 30

31 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 -0.1 31

32 Money market mutual funds 0.0 0.0 -0.1 0.5 0.4 0.1 1.0 -0.6 -0.2 0.8 32

33 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

34 Government-sponsored enterprises 1.0 -0.5 1.0 0.4 0.4 1.3 0.6 0.9 1.1 3.1 34

35 Finance companies -4.2 -0.7 0.6 2.2 2.4 -0.3 1.5 2.0 0.0 -2.2 35

36 REITs -0.1 -0.1 0.1 0.2 0.2 0.1 0.0 0.0 0.2 0.7 36

37 Brokers and dealers 0.5 2.6 -1.3 3.0 2.1 2.0 0.5 2.9 2.9 2.4 37

38 Holding companies -1.2 -2.4 -0.2 -0.1 -0.8 -0.3 6.2 0.5 0.4 1.4 38

39 Discrepancy 53.2 32.7 -6.5 49.8 88.2 57.4 -0.8 17.2 64.3 5.1 39
54 FFA, 1975-1984, December 6, 2012

F.11 Sector Discrepancies

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 All sectors 30.1 11.8 -35.7 3.0 34.5 6.1 -34.6 30.6 -45.4 -54.1 1

 2 Household sector -20.5 -16.1 -42.8 -31.6 -25.0 -25.0 -65.4 -72.9 -56.8 -59.9 2

 3 Nonfinancial corporate business 49.0 24.5 17.0 30.4 49.7 39.1 5.7 66.8 18.8 0.4 3

 4 State and local governments -5.3 -5.4 -11.6 -3.1 -11.5 -5.1 -1.5 3.6 3.2 1.3 4

 5 Federal government -1.6 0.8 5.7 0.8 -0.9 -5.8 10.7 8.7 -4.7 -5.3 5

 6 Rest of the world 3.1 6.4 -7.0 7.6 26.6 16.5 25.2 36.2 14.1 14.5 6

 7 Financial sectors 5.5 1.6 2.9 -1.0 -4.4 -13.6 -9.4 -12.0 -20.1 -5.1 7

 8 Monetary authority 0.1 -0.2 0.0 0.5 -0.0 -0.1 0.1 -0.2 0.1 0.1 8

 9 U.S.-chartered depository institutions 7.7 6.4 5.0 0.3 -0.9 -8.1 -4.3 -1.1 2.0 12.9 9

10 Foreign banking officed in U.S. 0.1 0.1 0.2 0.2 0.4 0.4 -0.3 -0.2 -0.1 -0.2 10

11 Banks in U.S.-affiliated areas 0.1 -0.0 0.4 0.3 0.8 0.3 0.0 0.4 0.1 0.4 11

12 Credit unions -0.1 0.0 0.6 0.0 -0.1 -0.0 0.1 -0.6 0.1 0.0 12

13 Property-casualty insurance companies -1.3 -3.6 -2.7 -1.3 0.4 2.0 -0.6 -0.5 -3.2 -3.2 13

14 Life insurance companies 0.8 1.1 1.8 2.0 -0.0 1.4 3.6 0.1 -8.3 0.7 14

15 Mutual funds -0.1 -0.2 -0.2 0.0 -0.2 0.7 1.6 2.2 1.1 0.9 15

16 Government-sponsored enterprises 0.1 0.1 0.2 0.9 1.0 0.4 1.2 0.8 0.7 1.0 16

17 Issuers of asset-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Finance companies -0.4 -0.9 -1.2 -1.7 -2.2 -4.3 -2.8 -2.5 -2.2 -3.1 18

19 REITs 0.4 0.4 0.5 0.5 0.6 0.7 0.7 0.1 0.1 -1.2 19

20 Brokers and dealers -0.1 -0.0 -0.1 -0.4 -0.7 -2.2 -2.7 -3.9 -4.7 -5.8 20

21 Holding companies -1.7 -1.6 -1.7 -2.4 -3.5 -4.7 -6.0 -6.6 -5.9 -7.5 21

F.12 Instrument Discrepancies

Billions of dollars

 1 All types 30.1 11.8 -35.7 3.0 34.5 6.1 -34.6 30.6 -45.4 -54.1 1

 2 Treasury currency -0.1 -0.1 -0.3 -0.0 -0.2 -0.2 -0.2 -0.2 -0.2 -0.1 2

 3 Foreign deposits 0.4 0.9 -0.9 -0.6 3.4 3.2 -4.3 -0.6 3.7 1.0 3

 4 Net interbank transactions -4.3 -0.5 -6.9 1.2 -3.8 -6.4 -3.6 -9.0 -12.2 6.7 4

 5 Security RPs 4.1 11.9 3.9 14.2 -2.6 9.1 15.3 12.0 -2.7 -7.7 5

 6 Mail floats 1.7 -0.3 3.2 -13.4 1.3 1.2 3.9 -1.5 4.2 -1.4 6

 7 State and local governments -0.4 -0.1 0.2 -0.0 -0.1 0.0 0.0 0.0 0.1 0.0 7

 8 Federal government 0.0 -0.9 1.4 -12.9 1.3 -1.1 -0.2 0.3 1.6 0.5 8

 9 Private domestic 2.0 0.6 1.6 -0.4 0.0 2.3 4.1 -1.9 2.6 -1.9 9

10 Trade credit -6.9 -8.2 -8.9 -24.1 -11.4 -19.3 -14.7 10.9 -48.0 -29.9 10

11 Taxes payable -1.1 -0.5 2.7 2.9 7.4 7.4 7.6 7.6 -3.4 5.0 11

12 Miscellaneous 53.2 32.7 -6.5 49.8 88.2 57.4 -0.8 17.2 64.3 5.1 12

13 Nonfinancial -16.9 -24.1 -22.0 -26.9 -47.9 -46.3 -37.7 -5.9 -50.9 -32.9 13

 Nonfinancial components (sign reversed):

14 Statistical discrepancy (NIPA) 16.3 23.5 21.2 26.0 47.0 45.3 36.6 4.8 49.7 31.5 14

15 Private wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Contr. for govt. soc. insur., U.S. affiliated areas 0.6 0.6 0.8 0.9 0.9 1.0 1.2 1.2 1.3 1.3 16
FFA, 1975-1984, December 6, 2012 55

L.1 Credit Market Debt Outstanding (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total credit market debt owed by: 2616.3 2904.1 3291.7 3776.3 4273.7 4722.4 5255.0 5766.8 6462.9 7422.5 1

 2 Domestic nonfinancial sectors 2259.8 2503.0 2824.0 3207.9 3596.3 3944.3 4351.9 4773.1 5348.6 6134.8 2

 3 Household sector 741.5 828.5 956.1 1111.2 1278.5 1396.0 1505.9 1575.8 1731.1 1943.1 3

 4 Nonfinancial corporate business 567.4 606.4 682.5 761.1 845.9 913.8 1033.6 1124.1 1240.5 1451.2 4

 5 Nonfinancial noncorporate business 287.6 317.1 359.8 418.2 492.0 555.1 619.8 677.6 749.0 862.6 5

 6 State and local governments 219.4 237.8 256.2 295.6 322.2 344.4 372.1 413.8 461.1 513.6 6

 7 Federal government 443.9 513.1 569.4 621.9 657.7 735.0 820.5 981.8 1167.0 1364.2 7

 8 Rest of the world 95.3 115.7 128.6 155.7 168.5 193.4 214.0 208.1 224.1 232.8 8

 9 Financial sectors 261.3 285.5 339.1 412.7 508.9 584.7 689.2 785.5 890.1 1054.9 9

10 U.S.-chartered depository institutions 37.5 39.4 47.9 60.8 78.7 92.6 116.7 128.0 126.6 144.9 10

11 Foreign banking offices in U.S. 3.8 4.6 5.2 4.9 6.8 8.6 11.9 13.4 15.7 22.9 11

12 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Government-sponsored enterprises 80.3 82.4 88.7 112.2 137.0 162.6 195.0 210.4 211.8 242.2 14

15 Agency- and GSE-backed mortgage pools 28.5 40.7 56.8 70.4 94.8 114.0 129.0 178.5 244.8 289.0 15

16 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 21.3 16

17 Finance companies 81.7 88.5 108.4 124.6 144.7 138.5 153.4 158.3 173.8 199.2 17

18 REITs 8.7 6.9 5.0 4.4 4.1 3.8 3.7 3.7 3.5 6.3 18

19 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.1 19

20 Holding companies 20.7 23.0 27.1 35.3 42.8 52.1 62.6 70.4 84.1 100.9 20

21 Funding corporations 0.0 0.0 0.0 0.0 0.0 12.5 16.8 22.8 25.9 27.1 21

22 Total credit market assets held by: 2616.3 2904.1 3291.7 3776.3 4273.7 4722.4 5255.0 5766.8 6462.9 7422.5 22

23 Domestic nonfinancial sectors 538.8 588.1 653.5 761.5 893.8 986.0 1095.2 1209.8 1377.0 1569.0 23

24 Household sector 320.7 331.3 358.4 406.7 486.1 521.0 546.6 612.2 703.8 808.7 24

25 Nonfinancial corporate business 61.7 73.0 70.9 74.0 76.4 91.2 109.5 113.5 140.2 163.8 25

26 Nonfinancial noncorporate business 7.2 8.1 9.9 12.8 14.7 14.9 23.7 28.2 35.3 44.8 26

27 State and local governments 63.8 82.0 110.6 147.5 175.2 193.4 225.6 250.1 282.4 319.0 27

28 Federal government 85.5 93.7 103.6 120.6 141.4 165.5 189.9 205.8 215.3 232.6 28

29 Rest of the world 88.3 99.4 135.4 161.3 149.7 169.7 197.0 240.0 263.3 340.4 29

30 Financial sectors 1989.2 2216.5 2502.8 2853.4 3230.2 3566.6 3962.9 4317.0 4822.6 5513.2 30

31 Monetary authority 93.5 100.3 108.9 117.4 124.5 128.0 136.9 144.5 159.2 167.6 31

32 U.S.-chartered depository institutions 1147.2 1267.7 1422.1 1595.4 1764.8 1903.2 2023.9 2140.0 2399.0 2691.1 32

33 Foreign banking offices in U.S. 27.8 32.9 38.4 57.7 74.3 94.1 106.6 83.1 86.8 99.6 33

34 Banks in U.S.-affiliated areas 2.9 3.5 3.8 4.0 4.0 5.0 5.5 7.9 9.5 11.0 34

35 Credit unions 31.7 38.4 45.6 52.0 53.8 53.0 55.0 57.3 69.4 85.0 35

36 Property-casualty insurance companies 53.7 66.2 83.7 100.2 113.7 123.5 132.0 139.6 147.6 162.0 36

37 Life insurance companies 234.6 258.3 285.8 318.9 352.0 385.1 419.8 463.2 513.8 570.1 37

38 Private pension funds 71.2 77.8 88.2 98.7 120.8 151.4 178.6 225.4 267.5 305.9 38

39 State and local govt. retirement funds 78.3 87.7 99.2 116.0 126.6 147.2 169.0 190.7 198.8 233.2 39

40 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Money market mutual funds 1.5 2.1 1.9 5.1 24.9 42.0 107.5 137.6 119.7 164.1 41

42 Mutual funds 8.0 8.4 12.3 12.5 14.5 17.1 20.2 25.4 34.9 53.9 42

43 Closed-end funds 3.1 3.4 2.7 3.0 3.0 3.0 2.9 3.4 3.1 2.7 43

44 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

45 Government-sponsored enterprises 89.8 94.5 101.4 128.1 158.1 184.5 217.7 233.7 236.4 265.9 45

46 Agency- and GSE-backed mortgage pools 28.5 40.7 56.8 70.4 94.8 114.0 129.0 178.5 244.8 289.0 46

47 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 19.8 47

48 Finance companies 95.0 106.6 128.6 154.2 183.4 195.8 218.6 228.9 254.0 302.5 48

49 REITs 7.1 4.6 3.4 3.1 2.9 2.7 2.6 2.8 2.7 6.1 49

50 Brokers and dealers 8.8 16.6 11.3 7.6 3.9 6.6 20.9 36.2 25.5 54.1 50

51 Holding companies 4.9 5.8 7.2 6.7 8.0 7.6 8.0 5.8 7.2 8.1 51

52 Funding corporations 1.3 1.1 1.6 2.4 2.4 2.9 8.2 13.2 39.5 21.4 52

(1) Excludes corporate equities and mutual fund shares.
56 FFA, 1975-1984, December 6, 2012

L.2 Credit Market Debt Owed by Nonfinancial Sectors

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Domestic 2259.8 2503.0 2824.0 3207.9 3596.3 3944.3 4351.9 4773.1 5348.6 6134.8 1

 2 By instrument 2259.8 2503.0 2824.0 3207.9 3596.3 3944.3 4351.9 4773.1 5348.6 6134.8 2

 3 Commercial paper 9.6 11.0 12.8 15.5 24.5 28.0 42.7 37.6 36.8 58.5 3

 4 Treasury securities 434.9 503.7 560.9 614.9 652.1 730.0 815.9 978.1 1163.4 1360.8 4

 5 Agency- and GSE-backed securities 7.9 8.3 7.6 6.2 4.9 4.4 4.1 3.4 3.3 3.2 5

 6 Municipal securities 223.0 243.9 273.6 324.9 364.2 399.4 443.7 508.0 575.1 650.6 6

 7 Corporate bonds 253.8 276.6 299.5 320.6 337.9 365.6 390.3 421.0 447.0 495.1 7

 8 Depository institution loans n.e.c. 219.6 221.9 245.1 279.4 321.9 354.8 403.6 458.0 489.3 551.9 8

 9 Other loans and advances 120.0 140.0 162.3 186.5 221.2 248.1 296.2 311.1 340.4 399.1 9

10 Mortgages 784.0 868.5 997.4 1148.7 1315.0 1455.9 1577.5 1659.2 1848.4 2089.0 10

11 Home 473.9 535.0 627.7 738.2 855.7 957.9 1030.2 1070.2 1186.1 1321.1 11

12 Multifamily residential 100.2 105.2 113.7 124.5 134.4 141.9 141.7 145.4 160.5 185.3 12

13 Commercial 160.0 172.8 192.0 213.2 238.1 258.6 298.4 332.3 388.0 470.2 13

14 Farm 49.9 55.4 63.9 72.8 86.8 97.5 107.2 111.3 113.7 112.4 14

15 Consumer credit 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 15

16 By sector 2259.8 2503.0 2824.0 3207.9 3596.3 3944.3 4351.9 4773.1 5348.6 6134.8 16

17 Household sector 741.5 828.5 956.1 1111.2 1278.5 1396.0 1505.9 1575.8 1731.1 1943.1 17

18 Nonfinancial business 855.0 923.5 1042.3 1179.3 1337.9 1468.9 1653.4 1801.8 1989.5 2313.8 18

19 Corporate 567.4 606.4 682.5 761.1 845.9 913.8 1033.6 1124.1 1240.5 1451.2 19

20 Noncorporate 287.6 317.1 359.8 418.2 492.0 555.1 619.8 677.6 749.0 862.6 20

21 State and local governments 219.4 237.8 256.2 295.6 322.2 344.4 372.1 413.8 461.1 513.6 21

22 Federal government 443.9 513.1 569.4 621.9 657.7 735.0 820.5 981.8 1167.0 1364.2 22

 Foreign credit market debt

23 held in U.S. 95.3 115.7 128.6 155.7 168.5 193.4 214.0 208.1 224.1 232.8 23

24 Commercial paper 0.6 1.3 1.8 2.9 4.6 7.0 10.8 15.1 21.5 27.7 24

25 Bonds 26.5 34.7 39.3 42.1 42.0 43.5 45.7 56.6 58.6 62.8 25

26 Depository institution loans n.e.c. 21.6 28.4 31.4 49.9 53.0 64.8 67.8 33.8 37.4 30.8 26

27 Other loans and advances 46.6 51.3 56.0 60.7 69.0 78.2 89.7 102.7 106.6 111.5 27

28 Domestic and foreign 2355.1 2618.6 2952.6 3363.6 3764.8 4137.7 4565.8 4981.3 5572.8 6367.6 28

L.3 Credit Market Debt Owed by Financial Sectors

Billions of dollars

 1 By instrument 261.3 285.5 339.1 412.7 508.9 584.7 689.2 785.5 890.1 1054.9 1

 2 Open market paper 56.4 62.5 75.1 89.1 115.9 128.8 161.5 174.2 195.5 219.5 2

 3 GSE issues 78.8 81.2 88.2 111.3 135.5 159.9 190.4 205.4 206.8 237.2 3

 4 Agency- and GSE-backed mortgage pool sec. 28.5 40.7 56.8 70.4 94.8 114.0 129.0 178.5 244.8 289.0 4

 5 Corporate bonds 56.1 63.0 75.3 81.9 85.4 93.0 98.9 113.7 131.3 176.6 5

 6 Depository institution loans n.e.c. 20.6 19.0 21.2 24.5 31.9 35.3 37.7 40.8 43.3 47.3 6

 7 Other loans and advances 19.4 17.0 20.7 33.6 43.3 51.7 69.8 71.0 66.4 82.8 7

 8 Mortgages 1.5 2.0 1.8 2.0 2.0 1.9 1.9 2.0 2.1 2.5 8

 9 By sector 261.3 285.5 339.1 412.7 508.9 584.7 689.2 785.5 890.1 1054.9 9

10 U.S.-chartered depository institutions 37.5 39.4 47.9 60.8 78.7 92.6 116.7 128.0 126.6 144.9 10

11 Foreign banking offices in U.S. 3.8 4.6 5.2 4.9 6.8 8.6 11.9 13.4 15.7 22.9 11

12 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Government-sponsored enterprises 80.3 82.4 88.7 112.2 137.0 162.6 195.0 210.4 211.8 242.2 14

15 Agency- and GSE-backed mortgage pools 28.5 40.7 56.8 70.4 94.8 114.0 129.0 178.5 244.8 289.0 15

16 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 21.3 16

17 Finance companies 81.7 88.5 108.4 124.6 144.7 138.5 153.4 158.3 173.8 199.2 17

18 REITs 8.7 6.9 5.0 4.4 4.1 3.8 3.7 3.7 3.5 6.3 18

19 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.1 19

20 Holding companies 20.7 23.0 27.1 35.3 42.8 52.1 62.6 70.4 84.1 100.9 20

21 Funding corporations 0.0 0.0 0.0 0.0 0.0 12.5 16.8 22.8 25.9 27.1 21
FFA, 1975-1984, December 6, 2012 57

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total 2616.3 2904.1 3291.7 3776.3 4273.7 4722.4 5255.0 5766.8 6462.9 7422.5 1

 2 Open market paper 66.6 74.8 89.8 107.5 145.0 163.8 215.1 226.8 253.8 305.7 2

 3 Treasury securities 434.9 503.7 560.9 614.9 652.1 730.0 815.9 978.1 1163.4 1360.8 3

 4 Agency- and GSE-backed securities 115.2 130.3 152.6 187.9 235.2 278.3 323.5 387.2 454.9 529.4 4

 5 Municipal securities 223.0 243.9 273.6 324.9 364.2 399.4 443.7 508.0 575.1 650.6 5

 6 Corporate and foreign bonds 336.4 374.3 414.1 444.6 465.3 502.1 534.9 591.3 636.9 734.5 6

 7 Depository institution loans n.e.c. 261.8 269.3 297.7 353.8 406.8 454.9 509.0 532.5 570.0 630.0 7

 8 Other loans and advances 186.0 208.3 238.9 280.8 333.5 378.0 455.6 484.8 513.5 593.4 8

 9 Mortgages 785.5 870.5 999.2 1150.6 1317.0 1457.8 1579.5 1661.3 1850.5 2091.5 9

10 Consumer credit 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 10

 Memo:

 Selected claims not included above:

11 Corporate equities 839.4 1034.2 922.6 969.6 1147.3 1494.9 1382.0 1562.5 1856.0 1789.2 11

12 Mutual fund shares 43.0 46.5 45.5 46.1 51.8 61.8 59.8 76.9 112.1 135.6 12

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

Billions of dollars

 Total credit market debt

 1 (from table L.4) 2616.3 2904.1 3291.7 3776.3 4273.7 4722.4 5255.0 5766.8 6462.9 7422.5 1

 2 U.S. official reserve assets 7.3 9.8 10.4 10.0 12.0 20.8 24.6 28.2 27.8 28.6 2

 3 SDR certificates 0.5 1.2 1.3 1.3 1.8 2.5 3.3 4.6 4.6 4.6 3

 4 Treasury currency 8.2 8.7 8.9 9.4 10.5 11.1 11.5 11.9 12.3 12.9 4

 5 Foreign deposits 5.8 7.4 8.8 17.1 26.9 31.4 41.8 49.5 141.6 140.0 5

 6 Net interbank liabilities 27.1 18.5 15.7 31.8 49.0 15.1 -27.2 -38.2 -39.7 -25.7 6

 7 Checkable deposits and currency 331.1 356.2 386.3 419.0 455.8 477.5 505.6 543.3 582.8 629.7 7

 8 Small time and savings deposits 726.5 848.0 943.2 1009.6 1070.2 1154.1 1212.3 1362.7 1564.6 1712.6 8

 9 Large time deposits 158.3 144.4 173.0 228.1 257.4 316.9 378.6 395.8 384.6 471.4 9

10 Money market fund shares 3.7 3.7 3.9 10.8 45.2 76.4 186.3 219.9 179.5 232.2 10

11 Security RPs 24.2 39.7 44.3 67.0 80.7 103.2 125.5 151.8 161.6 193.2 11

12 Mutual fund shares 43.0 46.5 45.5 46.1 51.8 61.8 59.8 76.9 112.1 135.6 12

13 Security credit 28.5 39.9 44.2 46.7 48.0 61.9 64.0 69.8 83.4 87.9 13

14 Life insurance reserves 168.6 177.8 187.8 199.4 210.3 220.6 230.1 238.0 246.7 252.8 14

15 Pension fund reserves 467.0 534.5 589.9 691.4 801.1 969.7 1063.5 1289.1 1535.8 1707.5 15

16 Trade payables 278.0 310.5 354.5 418.0 492.6 542.6 582.8 605.5 629.1 686.4 16

17 Taxes payable 31.3 38.5 41.9 48.8 58.8 64.4 58.1 55.7 60.4 68.1 17

18 Miscellaneous 751.4 931.7 1041.2 1232.2 1468.5 1715.3 1989.2 2144.8 2307.3 2475.7 18

19 Total liabilities 5676.7 6421.2 7192.3 8262.8 9414.2 10567.6 11764.9 12976.1 14457.3 16236.0 19

 + Financial assets not included in

 liabilities:

20 Gold 11.6 11.6 11.7 11.7 11.2 11.2 11.2 11.1 11.1 11.1 20

21 Corporate equities 839.4 1034.2 922.6 969.6 1147.3 1494.9 1382.0 1562.5 1856.0 1789.2 21

22 Household equity in noncorp. bus. 1126.1 1255.5 1418.2 1648.5 1913.5 2154.3 2312.2 2357.4 2421.3 2425.1 22

 - Liabilities not identified as assets:

23 Treasury currency -2.0 -2.2 -2.4 -2.4 -2.6 -2.8 -3.0 -3.2 -3.4 -3.5 23

24 Foreign deposits 3.2 4.0 3.1 8.3 11.7 14.9 10.6 13.3 98.3 98.7 24

25 Net interbank transactions -9.1 -9.6 -16.5 -15.3 -18.9 -25.3 -28.9 -37.6 -49.8 -44.7 25

26 Security RPs 15.3 27.2 31.1 45.3 43.1 52.2 67.5 79.6 77.0 69.3 26

27 Taxes payable 17.2 18.3 20.6 22.5 27.4 32.7 38.8 36.6 36.5 37.4 27

28 Miscellaneous 88.6 172.4 186.7 226.3 306.2 338.2 357.4 328.7 266.4 113.4 28

 - Floats not included in assets:

29 Checkable deposits: State and local govt. 5.1 5.0 5.2 5.2 5.1 5.1 5.1 5.2 5.2 5.3 29

30 Federal govt. -0.3 -1.1 0.2 -0.1 -0.1 -0.8 -1.8 -2.2 -0.8 -0.5 30

31 Private domestic 24.2 24.8 26.5 26.0 26.1 28.3 32.4 30.5 33.1 31.2 31

32 Trade credit -51.2 -59.4 -68.3 -83.4 -94.8 -114.1 -128.7 -117.8 -165.9 -195.7 32

33 Totals identified to sectors as assets 7562.9 8543.0 9358.7 10660.2 12183.1 13899.5 15120.8 16574.0 18449.1 20350.6 33
58 FFA, 1975-1984, December 6, 2012

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 2637.8 3000.9 3133.4 3453.6 3935.3 4588.8 4860.6 5439.8 6164.9 6693.4 1

 2 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 6.9 6.9 2

 3 Checkable deposits and currency 183.0 195.5 213.2 232.9 255.6 276.0 324.7 347.9 366.1 384.6 3

 4 Time and savings deposits 770.3 870.3 975.1 1073.8 1147.4 1272.2 1345.2 1475.9 1676.4 1899.3 4

 5 Money market fund shares 3.7 3.4 3.2 8.9 39.5 64.4 154.6 186.7 149.9 193.0 5

 6 Securities 894.9 1053.1 977.1 1028.5 1230.2 1498.8 1406.3 1536.0 1785.3 1837.8 6

 7 Open market paper 19.7 16.9 31.5 46.2 56.0 52.3 42.0 48.7 43.8 65.6 7

 8 U.S. savings bonds 67.4 72.0 76.8 80.7 79.9 72.5 68.2 68.3 71.5 74.5 8

 9 Treasury bills and other Treasury securities 45.7 32.2 30.2 32.8 78.8 103.9 103.9 120.0 165.2 208.7 9

10 Agency- and GSE-backed securities 7.6 11.7 8.4 9.9 12.5 18.6 14.2 13.4 14.5 27.7 10

11 Municipal securities 66.8 72.9 78.8 104.2 123.6 130.1 160.3 201.1 246.7 290.4 11

12 Corporate and foreign bonds 64.3 74.3 79.8 73.6 66.6 59.0 60.0 53.0 57.0 44.7 12

13 Corporate equities (2) 584.6 731.6 631.3 640.0 768.1 1010.4 905.2 966.3 1088.6 1008.7 13

14 Mutual fund shares 38.7 41.4 40.4 41.1 44.8 52.1 52.6 65.1 98.0 117.5 14

15 Life insurance reserves 168.6 177.8 187.8 199.4 210.3 220.6 230.1 238.0 246.7 252.8 15

16 Pension fund reserves 467.0 534.5 589.9 691.4 801.1 969.7 1063.5 1289.1 1535.8 1707.5 16

17 Life insurance companies 72.3 88.7 103.2 121.6 143.5 172.0 199.8 242.9 281.7 328.3 17

18 Private pension funds 248.4 279.7 302.1 357.0 420.9 523.7 553.9 687.3 838.3 897.8 18

19 Governments 146.2 166.1 184.5 212.8 236.7 274.0 309.8 358.9 415.8 481.3 19

20 Miscellaneous and other assets 150.3 166.3 187.1 218.7 251.2 287.2 336.2 363.7 397.7 411.6 20

21 Total liabilities 1117.4 1244.3 1422.6 1648.7 1910.8 2118.3 2298.5 2465.8 2719.0 3060.7 21

22 Home mortgages 471.0 531.4 622.7 732.3 849.9 952.0 1024.6 1064.4 1178.9 1312.6 22

23 Other mortgages 204.0 221.2 244.5 273.8 320.5 369.0 411.2 467.3 511.0 603.1 23

24 Consumer credit 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 24

25 Policy loans 25.5 26.9 28.6 31.2 35.9 42.6 50.0 54.2 55.2 55.6 25

26 Security credit 8.3 12.5 14.5 17.1 17.5 24.7 23.0 25.8 34.2 31.8 26

27 Other liabilities 201.6 223.4 247.3 282.9 332.4 371.9 411.8 457.4 494.8 530.9 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).
FFA, 1975-1984, December 6, 2012 59

L.100 Households and Nonprofit Organizations (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 3678.8 4161.2 4439.3 4967.8 5692.6 6574.1 6970.9 7582.9 8342.5 8848.3 1

 2 Deposits 924.5 1033.4 1150.4 1267.9 1386.1 1550.4 1758.5 1940.9 2115.2 2391.1 2

 3 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 6.9 6.9 3

 4 Checkable deposits and currency 158.7 169.2 184.2 200.7 220.5 238.1 284.4 303.9 313.6 327.0 4

 5 Time and savings deposits 762.2 860.8 963.0 1058.3 1126.1 1248.0 1319.5 1447.8 1644.7 1864.2 5

 6 Money market fund shares 3.7 3.4 3.2 8.9 39.5 64.4 154.6 186.7 149.9 193.0 6

 7 Credit market instruments 320.7 331.3 358.4 406.7 486.1 521.0 546.6 612.2 703.8 808.7 7

 8 Open market paper 19.7 16.9 31.5 46.2 56.0 52.3 42.0 48.7 43.8 65.6 8

 9 Treasury securities 111.8 102.7 104.5 110.3 155.9 173.9 168.8 185.1 230.7 277.7 9

10 Savings bonds 67.4 72.0 76.8 80.7 79.9 72.5 68.2 68.3 71.5 74.5 10

11 Bills and other Treasury securities 44.4 30.7 27.8 29.6 76.0 101.3 100.6 116.8 159.2 203.2 11

12 Agency- and GSE-backed securities 7.6 11.7 8.4 9.9 12.5 18.6 14.2 13.4 14.5 27.7 12

13 Municipal securities 66.8 72.9 78.8 104.2 123.6 130.1 160.3 201.1 246.7 290.4 13

14 Corporate and foreign bonds 64.3 74.3 79.8 73.6 66.6 59.0 60.0 53.0 57.0 44.7 14

15 Other loans and advances (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Mortgages 50.4 52.8 55.3 62.4 71.6 87.2 101.4 110.9 111.2 102.5 16

17 Corporate equities (3) 584.6 731.6 631.3 640.0 768.1 1010.4 905.2 966.3 1088.6 1008.7 17

18 Mutual fund shares 38.7 41.4 40.4 41.1 44.8 52.1 52.6 65.1 98.0 117.5 18

19 Security credit 4.5 5.7 5.7 8.5 10.4 16.2 14.7 17.8 20.6 21.6 19

20 Life insurance reserves 168.6 177.8 187.8 199.4 210.3 220.6 230.1 238.0 246.7 252.8 20

21 Pension fund reserves 467.0 534.5 589.9 691.4 801.1 969.7 1063.5 1289.1 1535.8 1707.5 21

22 Equity in noncorporate business 1126.1 1255.5 1418.2 1648.5 1913.5 2154.3 2312.2 2357.4 2421.3 2425.1 22

23 Miscellaneous assets 44.0 49.9 57.3 64.4 72.3 79.4 87.4 96.1 112.5 115.4 23

24 Total liabilities 768.1 860.1 991.0 1150.6 1320.3 1447.4 1558.5 1632.7 1799.4 2011.3 24

25 Credit market instruments 741.5 828.5 956.1 1111.2 1278.5 1396.0 1505.9 1575.8 1731.1 1943.1 25

26 Home mortgages (4) 459.0 517.0 603.0 708.6 826.7 926.5 998.2 1031.1 1116.2 1242.8 26

27 Consumer credit 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 27

28 Municipal securities 2.7 4.7 8.1 10.7 13.6 16.7 21.1 29.6 41.0 51.2 28

29 Depository institution loans n.e.c. (5) 26.3 28.9 28.7 24.9 21.6 24.4 28.7 30.6 31.8 17.4 29

30 Other loans and advances 31.5 33.4 35.2 38.6 44.4 52.1 61.0 66.8 68.8 69.8 30

31 Commercial mortgages 15.0 15.6 16.3 17.2 17.6 18.3 19.1 20.9 28.4 35.4 31

32 Security credit 8.3 12.5 14.5 17.1 17.5 24.7 23.0 25.8 34.2 31.8 32

33 Trade payables 10.6 10.7 11.1 11.9 12.6 13.8 14.8 15.6 18.0 21.2 33

 Deferred and unpaid

34 life insurance premiums 7.7 8.4 9.3 10.3 11.7 12.9 14.7 15.5 16.1 15.1 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.
60 FFA, 1975-1984, December 6, 2012

L.101 Nonfinancial Business (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 857.3 957.4 1075.9 1232.5 1432.6 1613.5 1840.1 1962.6 2169.3 2470.1 1

 2 Foreign deposits 2.6 3.4 5.7 8.3 10.1 9.7 12.4 10.1 14.4 13.3 2

 3 Checkable deposits and currency 83.0 89.7 96.1 105.7 114.7 117.1 98.5 112.6 142.7 160.8 3

 4 Time and savings deposits 32.2 38.3 47.6 53.7 61.7 69.3 80.7 91.7 101.7 104.2 4

 5 Money market fund shares 0.0 0.0 0.2 0.6 3.0 7.0 18.4 19.0 11.2 16.1 5

 6 Security RPs 1.2 1.5 2.1 2.5 3.1 3.9 1.8 2.4 3.2 3.9 6

 7 Credit market instruments 68.8 81.2 80.8 86.8 91.1 106.1 133.1 141.7 175.5 208.6 7

 8 Commercial paper 8.4 10.5 9.4 9.5 9.6 9.1 8.2 7.9 12.2 9.7 8

 9 Treasury securities 15.5 23.1 19.0 18.3 16.3 16.3 22.0 24.3 36.2 41.9 9

10 Agency- and GSE-backed securities 3.3 2.9 2.7 2.8 1.8 2.2 5.8 3.3 4.2 5.3 10

11 Municipal securities 4.8 4.2 4.4 4.6 4.5 9.4 10.6 12.2 18.3 22.5 11

12 Mortgages 12.9 14.5 19.1 23.7 29.8 39.6 56.2 63.2 69.3 90.8 12

13 Consumer credit 23.9 26.0 26.4 28.0 29.2 29.6 30.3 30.8 35.4 38.4 13

14 Mutual fund shares 0.9 1.0 0.8 0.6 1.1 1.5 1.6 3.1 4.5 7.2 14

15 Trade receivables 286.0 318.3 366.4 433.3 509.8 561.8 611.2 614.1 678.9 753.4 15

16 Miscellaneous assets 382.5 424.1 476.1 541.0 638.1 737.1 882.4 968.0 1037.2 1202.6 16

17 Total liabilities 1441.7 1580.0 1774.6 2039.6 2391.0 2694.7 3047.7 3301.7 3544.4 3993.0 17

18 Credit market instruments 855.0 923.5 1042.3 1179.3 1337.9 1468.9 1653.4 1801.8 1989.5 2313.8 18

19 Commercial paper 9.6 11.0 12.8 15.5 24.5 28.0 42.7 37.6 36.8 58.5 19

20 Municipal securities 6.7 9.2 17.4 25.0 35.0 45.9 59.3 74.5 83.9 104.4 20

21 Corporate bonds 253.8 276.6 299.5 320.6 337.9 365.6 390.3 421.0 447.0 495.1 21

22 Depository institution loans n.e.c. 193.4 193.0 216.4 254.5 300.2 330.4 374.8 427.4 457.5 534.5 22

23 Other loans and advances 82.7 98.8 119.0 141.4 170.1 188.4 226.4 234.5 260.8 310.6 23

24 Mortgages 308.9 334.9 377.2 422.1 470.1 510.6 559.8 606.8 703.5 810.7 24

25 Trade payables 205.3 227.2 262.9 311.4 375.4 410.3 443.4 458.6 466.3 505.8 25

26 Taxes payable 28.9 35.6 38.0 44.0 53.8 59.2 53.6 50.8 55.7 60.3 26

27 Miscellaneous liabilities 352.5 393.6 431.5 504.9 624.0 756.3 897.3 990.5 1032.9 1113.0 27

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
FFA, 1975-1984, December 6, 2012 61

L.102 Nonfinancial Corporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 774.3 864.1 965.4 1100.2 1279.1 1446.3 1640.1 1750.9 1928.7 2203.0 1

 2 Foreign deposits 2.6 3.4 5.7 8.3 10.1 9.7 12.4 10.1 14.4 13.3 2

 3 Checkable deposits and currency 58.7 63.4 67.2 73.5 79.6 79.2 58.2 68.6 90.2 103.3 3

 4 Time and savings deposits 24.1 28.8 35.5 38.2 40.4 45.0 55.0 63.6 70.0 69.1 4

 5 Money market fund shares 0.0 0.0 0.2 0.6 3.0 7.0 18.4 19.0 11.2 16.1 5

 6 Security RPs 1.2 1.5 2.1 2.5 3.1 3.9 1.8 2.4 3.2 3.9 6

 7 Credit market instruments 61.7 73.0 70.9 74.0 76.4 91.2 109.5 113.5 140.2 163.8 7

 8 Commercial paper 8.4 10.5 9.4 9.5 9.6 9.1 8.2 7.9 12.2 9.7 8

 9 Treasury securities 14.3 21.5 16.6 15.1 13.5 13.7 18.7 21.0 30.1 36.5 9

10 Agency- and GSE-backed securities 3.3 2.9 2.7 2.8 1.8 2.2 5.8 3.3 4.2 5.3 10

11 Municipal securities 4.8 4.2 4.4 4.6 4.5 9.4 10.6 12.2 18.3 22.5 11

12 Mortgages 9.7 10.4 13.6 15.5 18.8 27.4 35.9 38.2 40.0 51.4 12

13 Consumer credit 21.2 23.5 24.4 26.5 28.3 29.4 30.3 30.8 35.4 38.4 13

14 Mutual fund shares 0.9 1.0 0.8 0.6 1.1 1.5 1.6 3.1 4.5 7.2 14

15 Trade receivables 271.4 302.4 346.4 407.3 479.7 529.4 574.1 569.1 626.5 694.1 15

16 Miscellaneous assets 353.7 390.6 436.6 495.2 585.8 679.5 809.1 901.6 968.5 1132.1 16

17 U.S. direct investment abroad (1) 141.0 212.0 235.7 272.9 323.6 376.1 398.2 380.6 365.2 359.8 17

18 Insurance receivables 20.4 23.9 28.4 34.1 39.8 44.6 48.4 51.2 54.8 59.9 18

19 Equity in GSEs 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.3 0.3 0.3 19

20 Investment in finance company subs. 2.0 3.0 4.0 5.3 6.4 7.5 8.6 9.7 10.8 11.9 20

21 Other 190.1 151.6 168.3 182.7 215.8 251.0 353.6 459.7 537.4 700.1 21

22 Total liabilities 1092.4 1195.8 1343.1 1541.4 1800.6 2023.9 2307.7 2468.7 2624.9 2943.6 22

23 Credit market instruments 567.4 606.4 682.5 761.1 845.9 913.8 1033.6 1124.1 1240.5 1451.2 23

24 Commercial paper 9.6 11.0 12.8 15.5 24.5 28.0 42.7 37.6 36.8 58.5 24

25 Municipal securities (2) 6.7 9.2 17.4 25.0 35.0 45.9 59.3 74.5 83.9 104.4 25

26 Corporate bonds (1) 253.8 276.6 299.5 320.6 337.9 365.6 390.3 421.0 447.0 495.1 26

27 Depository institution loans n.e.c. 136.7 130.9 145.9 168.6 198.6 225.8 258.8 317.9 345.9 405.2 27

28 Other loans and advances (3) 52.7 63.9 77.6 89.5 105.9 114.2 141.1 145.9 168.6 214.8 28

29 Mortgages 107.9 114.9 129.2 141.8 144.0 134.3 141.3 127.2 158.3 173.2 29

30 Trade payables 176.9 195.8 227.8 272.8 328.5 357.8 384.8 395.6 403.4 438.0 30

31 Taxes payable 22.3 27.8 29.1 34.1 41.0 43.9 39.9 35.6 38.6 42.2 31

32 Miscellaneous liabilities 325.8 365.7 403.6 473.6 585.2 708.5 849.5 913.4 942.4 1012.3 32

33 Foreign direct investment in U.S. 21.5 43.0 50.2 62.9 79.7 111.4 144.9 161.3 167.6 191.6 33

34 Pension fund contributions payable 3.7 4.1 4.5 5.3 6.2 7.6 8.0 9.9 12.0 12.9 34

35 Other 300.7 318.6 348.9 405.4 499.3 589.5 696.6 742.3 762.7 807.8 35

 Memo:

36 Trade receivables net of payables 94.6 106.7 118.6 134.5 151.1 171.6 189.4 173.5 223.2 256.1 36

37 Market value of equities 754.8 927.3 819.1 856.2 1014.6 1346.3 1225.4 1386.3 1630.2 1553.3 37

38 Securities and mortgages 368.4 400.7 446.1 487.4 516.9 545.8 591.0 622.7 689.1 772.7 38

39 Loans and short-term paper 199.0 205.8 236.4 273.6 329.0 368.0 442.6 501.5 551.3 678.5 39

40 Total short-term liabilities (4) 398.2 429.4 493.4 580.4 698.5 769.6 867.2 932.6 993.3 1158.6 40

41 Total liquid assets (5) 118.3 137.2 144.4 155.7 166.6 180.7 190.6 211.2 258.2 286.9 41

 Analytical measures (percent)

42 Long-term debt/credit market debt 64.9 66.1 65.4 64.0 61.1 59.7 57.2 55.4 55.6 53.2 42

43 Short-term debt/credit market debt 35.1 33.9 34.6 36.0 38.9 40.3 42.8 44.6 44.4 46.8 43

44 Liquid assets/short-term liabilities 29.7 32.0 29.3 26.8 23.8 23.5 22.0 22.6 26.0 24.8 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.
62 FFA, 1975-1984, December 6, 2012

L.103 Nonfinancial Noncorporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 83.0 93.2 110.5 132.3 153.5 167.2 200.0 211.7 240.6 267.2 1

 2 Checkable deposits and currency 24.3 26.3 29.0 32.2 35.1 37.9 40.3 44.0 52.5 57.5 2

 3 Time and savings deposits 8.1 9.5 12.1 15.5 21.3 24.2 25.7 28.1 31.7 35.1 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Credit market instruments 7.2 8.1 9.9 12.8 14.7 14.9 23.7 28.2 35.3 44.8 5

 6 Treasury securities 1.3 1.5 2.4 3.2 2.8 2.6 3.3 3.2 6.0 5.5 6

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

 8 Mortgages 3.3 4.2 5.5 8.1 11.0 12.2 20.3 25.0 29.3 39.3 8

 9 Consumer credit 2.7 2.5 2.0 1.5 0.9 0.2 0.0 0.0 0.0 0.0 9

10 Trade receivables 14.6 15.8 20.0 26.0 30.2 32.5 37.0 45.0 52.4 59.3 10

11 Miscellaneous assets 28.8 33.5 39.5 45.8 52.3 57.6 73.3 66.4 68.7 70.5 11

12 Insurance receivables 17.5 20.7 24.6 29.1 33.3 37.0 40.1 43.3 39.7 50.7 12

13 Equity investment in GSEs (1) 1.6 1.9 2.1 2.5 3.0 3.6 4.3 4.7 4.7 4.8 13

14 Other 9.7 10.9 12.8 14.2 15.9 16.9 29.0 18.4 24.3 14.9 14

15 Total liabilities 349.3 384.2 431.6 498.1 590.5 670.8 740.0 833.1 919.6 1049.4 15

16 Credit market instruments 287.6 317.1 359.8 418.2 492.0 555.1 619.8 677.6 749.0 862.6 16

17 Depository institution loans n.e.c. 56.7 62.1 70.4 86.0 101.7 104.6 116.0 109.4 111.6 129.3 17

18 Other loans and advances 30.0 35.0 41.4 51.9 64.2 74.2 85.3 88.6 92.2 95.8 18

19 Mortgages 201.0 220.0 248.0 280.4 326.1 376.3 418.5 479.6 545.3 637.5 19

20 Trade payables 28.4 31.4 35.0 38.6 46.9 52.6 58.6 63.1 63.0 67.8 20

21 Taxes payable 6.6 7.8 8.9 10.0 12.8 15.3 13.7 15.2 17.1 18.2 21

22 Miscellaneous liabilities 26.6 27.9 27.9 31.3 38.8 47.9 47.8 77.1 90.5 100.8 22

(1) Equity in the Farm Credit System.
FFA, 1975-1984, December 6, 2012 63

L.104 State and Local Governments (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 146.4 169.2 209.4 262.3 303.9 330.5 360.6 392.7 439.0 506.7 1

 2 Checkable deposits and currency 13.4 12.4 13.5 13.4 13.0 12.4 11.0 9.4 8.7 13.8 2

 3 Time and savings deposits 46.9 49.1 55.8 62.9 60.8 58.8 61.1 64.9 58.6 58.9 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Security RPs -2.1 -1.9 -2.0 2.2 11.8 17.0 13.7 16.1 32.7 53.1 5

 6 Credit market instruments 63.8 82.0 110.6 147.5 175.2 193.4 225.6 250.1 282.4 319.0 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Treasury securities 27.8 40.2 61.4 83.7 85.5 93.3 108.3 126.3 149.2 166.0 8

 9 Agency- and GSE-backed securities 18.2 20.4 26.7 39.5 59.4 59.7 69.1 70.2 70.1 74.6 9

10 Municipal securities 5.0 7.3 7.9 7.2 6.8 7.0 7.1 7.4 8.0 9.0 10

11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 5.0 11

12 Mortgages 12.8 14.1 14.6 17.1 23.6 33.4 41.0 46.3 54.2 64.4 12

13 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Trade receivables 15.2 16.9 19.3 22.6 26.5 29.2 31.6 32.9 34.4 37.5 15

16 Taxes receivable 9.2 10.6 12.3 13.6 16.5 19.5 17.6 19.1 21.8 22.8 16

17 Miscellaneous assets 0.1 0.1 -0.0 0.1 0.2 0.1 0.2 0.2 0.3 1.7 17

18 Total liabilities 256.5 278.9 301.4 345.5 377.4 405.4 439.3 487.7 542.0 602.3 18

19 Credit market instruments 219.4 237.8 256.2 295.6 322.2 344.4 372.1 413.8 461.1 513.6 19

20 Municipal securities 213.6 230.0 248.1 289.1 315.6 336.8 363.2 404.0 450.2 495.0 20

21 Short-term (2) 18.6 14.5 11.6 12.2 13.1 14.9 16.0 22.7 21.3 17.6 21

22 Long-term 195.0 215.5 236.6 277.0 302.4 322.0 347.2 381.2 429.0 477.4 22

23 U.S. government loans 5.8 7.8 8.0 6.5 6.7 7.6 8.8 9.8 10.9 18.6 23

24 Trade payables 37.1 41.1 45.3 49.9 55.2 61.0 67.3 73.9 80.9 88.7 24

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

(2) Debt with original maturity of 13 months or less.
64 FFA, 1975-1984, December 6, 2012

L.105 Federal Government

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 121.0 139.1 148.7 174.8 201.6 230.4 252.0 283.3 292.7 329.6 1

 2 U.S. official reserve assets 4.6 7.0 7.6 5.4 5.3 10.6 13.8 17.1 19.0 20.3 2

 3 Checkable deposits and currency 11.2 15.0 14.6 18.7 19.2 16.2 17.4 24.5 16.4 21.8 3

 4 Time and savings deposits 0.6 0.7 0.9 0.9 1.0 0.8 0.7 1.1 0.7 1.2 4

 5 Credit market instruments 85.5 93.7 103.6 120.6 141.4 165.5 189.9 205.8 215.3 232.6 5

 6 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 6

 7 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Other loans and advances 66.4 74.1 79.8 92.6 106.8 123.4 142.9 156.4 164.7 181.2 8

 9 Mortgages 19.1 19.6 23.7 28.0 34.6 42.1 47.0 49.4 50.6 51.5 9

10 Consumer credit (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Trade receivables 6.5 6.9 6.2 8.9 11.3 15.1 17.6 22.4 26.2 31.3 12

13 Taxes receivable 5.0 9.6 9.0 12.7 14.9 12.2 1.7 0.0 2.1 7.9 13

14 Miscellaneous assets 7.7 6.1 6.8 7.5 8.5 10.1 10.9 12.4 13.1 14.4 14

15 Total liabilities 520.3 601.6 668.1 733.4 782.8 874.2 972.6 1153.0 1358.9 1583.0 15

16 SDR allocations 2.7 2.7 2.8 3.0 4.2 5.2 5.7 5.4 5.1 4.8 16

17 SDR certificates 0.5 1.2 1.3 1.3 1.8 2.5 3.3 4.6 4.6 4.6 17

18 Treasury currency 8.2 8.7 8.9 9.4 10.5 11.1 11.5 11.9 12.3 12.9 18

19 Credit market instruments 443.9 513.1 569.4 621.9 657.7 735.0 820.5 981.8 1167.0 1364.2 19

20 Savings bonds 67.4 72.0 76.8 80.7 79.9 72.5 68.2 68.3 71.5 74.5 20

21 Treasury bills 157.5 164.0 161.1 161.7 172.6 216.1 245.0 311.8 343.8 374.4 21

22 Other Treasury securities 210.1 267.7 323.1 372.4 399.5 441.4 502.7 597.9 748.1 911.9 22

23 Budget agency securities 7.9 8.3 7.6 6.2 4.9 4.4 4.1 3.4 3.3 3.2 23

24 Multifamily residential mortgages 1.1 1.0 0.9 0.8 0.7 0.6 0.4 0.3 0.2 0.1 24

25 Trade payables 11.8 17.9 21.1 25.5 27.8 30.1 30.6 35.4 40.4 47.5 25

26 Insurance reserves 10.2 10.8 11.4 12.1 12.6 13.2 13.8 14.7 15.6 16.7 26

27 Miscellaneous liabilities (3) 43.2 47.3 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 27

28 Nonmarketable securities held by pension plans 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 28

29 Other 1.1 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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.
FFA, 1975-1984, December 6, 2012 65

L.106 Rest of the World

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 205.7 261.9 302.8 370.8 418.0 488.9 520.9 584.6 690.8 807.2 1

 2 SDR allocations 2.7 2.7 2.8 3.0 4.2 5.2 5.7 5.4 5.1 4.8 2

 3 Net interbank assets -6.0 -11.8 -12.7 -7.2 11.4 -13.1 -45.6 -50.1 -34.8 -31.4 3

 4 U.S. checkable deposits and currency 23.6 28.1 32.0 34.0 40.1 42.9 40.7 39.5 45.1 49.6 4

 5 U.S. time deposits 22.6 20.7 21.0 23.5 25.9 26.9 29.2 39.5 25.8 30.5 5

 6 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Security RPs (net) 0.5 0.4 0.3 2.4 4.1 4.4 4.4 6.0 6.7 6.8 7

 8 Credit market instruments 88.3 99.4 135.4 161.3 149.7 169.7 197.0 240.0 263.3 340.4 8

 9 Open market paper 5.3 5.6 6.0 6.5 8.4 9.3 8.0 6.3 7.1 8.3 9

10 Treasury securities 65.5 77.6 108.7 132.9 116.0 127.4 135.5 150.7 163.6 200.3 10

11 Official 61.2 70.6 101.1 124.0 101.7 111.3 117.0 124.9 129.7 138.2 11

12 Private 4.4 7.0 7.6 8.9 14.2 16.1 18.5 25.8 33.8 62.1 12

13 Agency- and GSE-backed securities 2.7 2.0 4.7 5.2 5.9 8.5 10.3 10.9 11.2 12.0 13

14 Official 2.7 2.0 4.3 4.5 4.9 6.9 8.1 7.7 7.3 6.5 14

15 Private 0.0 0.0 0.4 0.6 1.0 1.6 2.2 3.3 3.9 5.5 15

16 Municipal securities 0.0 0.0 0.1 0.2 0.3 0.5 0.6 0.7 0.9 1.0 16

17 U.S. corporate bonds (1) 14.5 13.7 15.4 15.7 16.2 19.5 27.1 51.1 54.7 70.1 17

18 Loans to U.S. corporate business 0.3 0.5 0.6 0.9 2.9 4.5 15.4 20.1 25.9 48.7 18

19 U.S. corporate equities 33.4 47.0 44.8 48.0 55.3 74.7 74.7 88.3 109.6 107.0 19

20 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Trade receivables 13.8 18.9 20.8 24.9 26.2 35.0 33.1 33.6 32.6 33.4 21

22 Security credit 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Miscellaneous assets 26.5 56.7 58.4 81.0 101.2 143.3 181.9 182.4 237.4 266.1 23

24 Foreign direct investment in U.S. (2) 25.2 47.5 55.4 69.0 88.6 127.1 164.6 184.8 193.7 223.5 24

25 Other 1.2 9.1 3.0 12.0 12.6 16.2 17.3 -2.4 43.7 42.6 25

26 Total liabilities 251.8 378.2 416.5 502.1 583.4 674.5 739.2 777.9 866.6 866.7 26

27 U.S. official reserve assets (3) 4.6 7.1 7.6 7.0 7.8 15.6 18.9 22.8 22.6 23.8 27

28 U.S. private deposits 5.8 7.4 8.8 17.1 26.9 31.4 41.8 49.5 141.6 140.0 28

29 Credit market instruments 95.3 115.7 128.6 155.7 168.5 193.4 214.0 208.1 224.1 232.8 29

30 Commercial paper 0.6 1.3 1.8 2.9 4.6 7.0 10.8 15.1 21.5 27.7 30

31 Bonds 26.5 34.7 39.3 42.1 42.0 43.5 45.7 56.6 58.6 62.8 31

32 Depository institution loans n.e.c. 21.6 28.4 31.4 49.9 53.0 64.8 67.8 33.8 37.4 30.8 32

33 Official 2.0 2.9 2.9 5.2 7.3 11.9 12.6 5.4 8.5 7.6 33

34 Banks 9.3 13.5 16.2 25.7 21.6 26.3 21.8 15.1 14.2 11.0 34

35 Other 10.3 12.0 12.3 19.1 24.1 26.6 33.3 13.3 14.8 12.2 35

36 Other loans and advances 46.6 51.3 56.0 60.7 69.0 78.2 89.7 102.7 106.6 111.5 36

37 Trade payables 12.2 12.5 13.0 18.0 20.3 25.7 24.6 19.4 18.3 17.7 37

38 Security debt 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Miscellaneous liabilities 133.5 235.5 258.5 304.3 359.9 408.4 439.9 478.0 459.9 452.4 39

40 U.S. equity in IBRD, etc. 4.1 5.2 6.0 6.6 7.5 8.3 9.3 10.6 11.3 12.4 40

41 Nonofficial foreign currencies 3.6 0.9 0.8 0.9 0.9 1.8 1.6 1.8 1.8 2.1 41

42 U.S. direct investment abroad (1,2) 149.5 222.3 248.3 287.5 340.6 396.1 421.8 406.6 393.2 389.5 42

43 Investment by holding companies 3.5 3.6 3.7 2.7 1.9 4.0 10.2 12.3 15.5 16.1 43

44 Other -27.2 3.5 -0.2 6.6 9.0 -1.8 -2.9 46.7 38.2 32.3 44

 Memo:

45 Market value of foreign equities 9.6 9.5 10.1 11.2 14.8 18.9 16.5 17.4 26.2 26.0 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).
66 FFA, 1975-1984, December 6, 2012

L.107 Financial Business (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 2553.7 2854.2 3182.7 3652.0 4134.3 4662.1 5176.4 5767.8 6514.9 7388.6 1

 2 U.S. official reserve assets 11.7 11.7 11.7 13.2 13.6 16.2 16.2 16.9 14.8 14.6 2

 3 SDR certificates 0.5 1.2 1.3 1.3 1.8 2.5 3.3 4.6 4.6 4.6 3

 4 Treasury currency 10.2 10.8 11.3 11.8 13.1 13.8 14.5 15.0 15.7 16.4 4

 5 Foreign deposits 0.0 0.0 0.0 0.5 5.1 6.8 18.8 23.8 21.9 21.1 5

 6 Net interbank assets 42.2 39.9 44.9 54.4 56.5 53.5 47.2 49.5 44.9 50.5 6

 7 Checkable deposits and currency 12.3 13.0 14.0 15.5 17.4 18.2 18.0 19.9 18.7 20.6 7

 8 Time and savings deposits 20.2 22.9 28.0 38.3 52.1 67.3 99.9 113.5 117.7 125.1 8

 9 Money market fund shares 0.0 0.3 0.5 1.3 2.8 5.1 13.3 14.2 18.4 23.2 9

10 Federal funds and security RPs 9.3 12.6 12.8 14.6 18.6 25.7 38.2 47.6 42.1 60.1 10

11 Credit market instruments 1989.2 2216.5 2502.8 2853.4 3230.2 3566.6 3962.9 4317.0 4822.6 5513.2 11

12 Open market paper 33.2 41.8 42.9 45.2 71.0 93.1 156.8 163.8 190.7 222.0 12

13 Treasury securities 214.3 260.1 267.4 269.7 278.5 319.1 381.4 491.8 583.8 674.8 13

14 Agency- and GSE-backed securities 83.4 93.3 110.1 130.6 155.7 189.3 224.1 289.4 355.0 409.9 14

15 Municipal securities 146.3 159.4 182.4 208.7 229.0 252.6 265.0 286.7 301.4 327.7 15

16 Corporate and foreign bonds 257.6 286.3 318.9 355.3 382.5 423.6 447.9 487.1 524.1 614.7 16

17 Depository institution loans n.e.c. 261.8 269.3 297.7 353.8 406.8 454.9 509.0 532.5 570.0 630.0 17

18 Other loans and advances 119.3 133.7 158.5 187.3 223.8 250.0 297.4 308.2 322.9 363.5 18

19 Mortgages 690.2 769.5 886.4 1019.5 1157.5 1255.5 1333.8 1391.5 1565.2 1782.4 19

20 Consumer credit 183.1 203.0 238.5 283.3 325.4 328.5 347.5 365.9 409.5 488.2 20

21 Corporate equities 221.4 255.6 246.5 281.6 323.9 409.9 402.2 507.8 657.8 673.4 21

22 Mutual fund shares 3.4 4.1 4.3 4.4 5.9 8.2 5.6 8.7 9.6 10.9 22

23 Trade receivables 7.7 8.9 10.2 11.7 13.6 15.6 18.1 20.2 22.9 26.5 23

24 Security credit 23.6 34.2 38.4 38.2 37.6 45.7 49.2 52.0 62.8 66.3 24

25 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Miscellaneous assets 202.1 222.4 255.9 311.8 342.2 407.1 469.0 557.0 640.4 762.1 26

27 Total liabilities 2438.3 2722.3 3040.6 3491.5 3959.3 4471.3 5007.5 5623.1 6346.0 7179.7 27

28 Net interbank liabilities 27.1 18.5 15.7 31.8 49.0 15.1 -27.2 -38.2 -39.7 -25.7 28

29 Checkable deposits and currency 331.1 356.2 386.3 419.0 455.8 477.5 505.6 543.3 582.8 629.7 29

30 Time and savings deposits 884.7 992.4 1116.2 1237.6 1327.6 1471.0 1590.9 1758.5 1949.2 2184.1 30

31 Money market fund shares 3.7 3.7 3.9 10.8 45.2 76.4 186.3 219.9 179.5 232.2 31

32 Federal funds and security RPs 24.2 39.7 44.3 67.0 80.7 103.2 125.5 151.8 161.6 193.2 32

33 Credit market instruments 261.3 285.5 339.1 412.7 508.9 584.7 689.2 785.5 890.1 1054.9 33

34 Open market paper 56.4 62.5 75.1 89.1 115.9 128.8 161.5 174.2 195.5 219.5 34

35 Agency- and GSE-backed securities 107.3 121.9 145.0 181.7 230.3 273.9 319.4 383.9 451.6 526.2 35

36 Corporate and foreign bonds 56.1 63.0 75.3 81.9 85.4 93.0 98.9 113.7 131.3 176.6 36

37 Depository institution loans n.e.c. 20.6 19.0 21.2 24.5 31.9 35.3 37.7 40.8 43.3 47.3 37

38 Other loans and advances 19.4 17.0 20.7 33.6 43.3 51.7 69.8 71.0 66.4 82.8 38

39 Mortgages 1.5 2.0 1.8 2.0 2.0 1.9 1.9 2.0 2.1 2.5 39

40 Mutual fund shares 43.0 46.5 45.5 46.1 51.8 61.8 59.8 76.9 112.1 135.6 40

41 Trade payables 1.0 1.0 1.1 1.2 1.3 1.7 2.1 2.6 5.1 5.5 41

42 Security credit 19.9 27.4 29.6 29.5 30.5 37.2 40.9 44.1 49.2 56.0 42

43 Life insurance reserves 158.5 167.1 176.4 187.3 197.7 207.4 216.3 223.3 231.1 236.1 43

44 Pension fund reserves 467.0 534.5 589.9 691.4 801.1 969.7 1063.5 1289.1 1535.8 1707.5 44

45 Taxes payable 2.4 3.0 3.9 4.8 5.0 5.2 4.5 4.9 4.6 7.8 45

46 Miscellaneous liabilities 214.5 247.0 288.7 352.4 404.7 460.5 550.1 561.5 684.6 762.9 46

 Memo:

47 Market value of corporate equities 75.0 97.5 93.4 102.2 117.8 129.7 140.1 158.8 199.6 209.9 47

48 Equity in noncorporate business 2.1 1.9 1.7 2.0 2.7 1.9 1.9 2.5 3.1 3.1 48

(1) Sum of financial sectors shown on tables L.108 through L.129.
FFA, 1975-1984, December 6, 2012 67

L.108 Monetary Authority (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 124.7 134.5 143.0 156.1 166.7 173.7 181.9 194.3 203.7 218.2 1

 2 U.S. official reserve assets 11.7 11.7 11.7 13.2 13.6 16.2 16.2 16.9 14.8 14.6 2

 3 SDR certificates 0.5 1.2 1.3 1.3 1.8 2.5 3.3 4.6 4.6 4.6 3

 4 Treasury currency 10.2 10.8 11.3 11.8 13.1 13.8 14.5 15.0 15.7 16.4 4

 5 Federal Reserve float (2) 3.7 2.6 3.8 6.5 6.8 4.5 1.8 2.7 1.6 0.9 5

 6 Interbank loans (2) 0.2 0.0 0.3 1.2 1.5 1.8 1.6 0.7 0.9 3.6 6

 7 Discount window (3) 0.2 0.0 0.3 1.2 1.5 1.8 1.6 0.7 0.9 3.6 7

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

 9 Security RPs 1.7 4.8 3.3 1.8 2.4 3.3 3.7 5.8 2.0 2.0 9

10 Credit market instruments 93.5 100.3 108.9 117.4 124.5 128.0 136.9 144.5 159.2 167.6 10

11 Open market paper 0.7 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Treasury securities 86.7 93.3 100.9 109.5 116.3 119.3 127.7 135.6 150.6 159.2 12

13 Treasury bills 37.2 38.6 41.6 42.2 45.2 43.7 49.4 54.4 54.4 71.0 13

14 Other Treasury securities 49.5 54.7 59.4 67.3 71.0 75.6 78.4 81.2 96.1 88.2 14

15 Agency- and GSE-backed securities 6.1 6.8 8.0 7.9 8.2 8.7 9.1 8.9 8.6 8.4 15

16 Mortgage-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Other agency- and GSE-backed securities 6.1 6.8 8.0 7.9 8.2 8.7 9.1 8.9 8.6 8.4 17

18 Depository institution loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Households (TALF) (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 20

21 Brokers and dealers (6) 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) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Funding corporations (AIG) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Funding corporations (Maiden Lane II) (8) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Funding corporations (Maiden Lane III)(9) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Funding corporations (CPFF) (10) 0.0 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Miscellaneous assets 3.2 3.0 2.4 2.9 3.0 3.5 4.0 3.9 4.9 8.5 28

29 Nonofficial foreign currencies (12) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Other 3.2 3.0 2.4 2.9 3.0 3.5 4.0 3.9 4.9 8.5 30

31 Total liabilities 123.8 133.5 141.9 155.1 165.5 172.5 180.6 192.9 202.2 216.6 31

32 Depository institution reserves 26.1 25.2 26.9 31.2 29.8 27.5 25.2 26.5 21.4 21.8 32

33 Vault cash of depository institutions 12.3 12.1 13.9 15.5 18.5 19.8 18.6 19.5 21.0 24.2 33

34 Checkable deposits and currency 82.6 93.2 98.0 104.3 112.5 121.5 132.4 142.5 155.5 165.8 34

35 Due to federal government 7.8 10.9 7.5 4.4 4.6 3.5 4.7 5.5 4.1 5.8 35

36 Treasury cash holdings 0.5 0.5 0.4 0.2 0.5 0.4 0.4 0.4 0.5 0.5 36

37 Treasury general deposit account 7.3 10.4 7.1 4.2 4.1 3.1 4.3 5.0 3.7 5.3 37

38 Treasury temporary supplementary financing account 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Due to rest of the world 0.5 0.6 0.6 0.7 0.8 0.5 0.7 0.4 0.5 0.4 39

40 Due to government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Currency outside banks 74.4 81.7 89.9 99.2 107.1 117.5 126.9 136.6 150.9 159.6 41

42 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

43 Miscellaneous liabilities 2.9 3.0 3.1 4.1 4.8 3.8 4.4 4.4 4.2 4.8 43

44 Federal Reserve Bank stock 0.9 1.0 1.0 1.1 1.1 1.2 1.3 1.4 1.5 1.6 44

45 Other 2.0 2.0 2.1 3.0 3.6 2.6 3.1 3.0 2.8 3.1 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.
68 FFA, 1975-1984, December 6, 2012

L.109 Private Depository Institutions (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 1301.4 1440.5 1620.9 1843.2 2028.3 2204.9 2361.9 2489.7 2774.3 3171.5 1

 2 Vault cash 12.3 12.1 13.9 15.5 18.5 19.8 18.6 19.5 21.0 24.2 2

 3 Reserves at Federal Reserve 26.1 25.2 26.9 31.2 29.8 27.5 25.2 26.5 21.4 21.8 3

 4 Credit market instruments 1209.7 1342.5 1509.9 1709.2 1896.9 2055.3 2191.0 2288.3 2564.7 2886.7 4

 5 Open market paper 10.2 14.2 14.6 13.8 16.6 19.6 21.6 23.7 19.5 16.4 5

 6 Treasury securities 96.3 118.9 118.5 109.2 107.6 125.4 127.7 151.7 213.7 224.5 6

 7 Agency- and GSE-backed securities 61.2 66.5 74.8 87.3 98.8 119.4 137.0 173.5 212.1 227.2 7

 8 Municipal securities 106.0 109.6 119.2 130.8 139.7 152.4 157.6 161.6 165.2 177.4 8

 9 Corporate and foreign bonds 24.9 29.7 28.5 30.6 28.5 35.4 32.0 39.8 55.5 71.9 9

10 Depository institution loans n.e.c. 261.8 269.3 297.7 353.8 406.8 454.9 509.0 532.5 570.0 630.0 10

11 Other loans and advances 18.7 22.5 25.7 24.9 32.5 39.8 51.1 58.8 65.7 69.4 11

12 Mortgages 488.9 551.6 641.2 733.8 813.3 861.6 900.1 880.3 961.8 1099.0 12

13 Consumer credit 141.8 160.0 189.7 224.8 253.1 246.9 254.9 266.3 301.3 370.9 13

14 Corporate equities 4.6 4.6 5.0 4.9 4.8 4.3 3.3 3.4 4.4 4.1 14

15 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Security credit 15.0 21.7 23.9 21.0 20.2 20.9 26.2 26.2 28.7 34.5 16

17 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Miscellaneous assets 33.8 34.5 41.2 61.4 58.2 77.2 97.5 125.8 134.1 200.2 18

19 Total liabilities 1280.1 1416.8 1598.7 1819.6 2005.3 2183.4 2370.7 2547.0 2842.4 3214.6 19

20 Net interbank liabilities -11.2 -18.8 -25.1 -14.9 0.7 -32.1 -71.1 -84.2 -82.2 -71.7 20

21 Checkable deposits 248.5 263.0 288.3 314.7 343.4 356.0 373.2 400.8 427.3 463.9 21

22 Small time and savings deposits 726.5 848.0 943.2 1009.6 1070.2 1154.1 1212.3 1362.7 1564.6 1712.6 22

23 Large time deposits 158.3 144.4 173.0 228.1 257.4 316.9 378.6 395.8 384.6 471.4 23

24 Federal funds and security RPs (net) 27.0 40.3 50.3 74.2 90.4 111.9 125.8 127.4 153.2 167.7 24

25 Credit market instruments 41.3 43.9 53.1 65.7 85.4 101.2 128.6 141.5 142.2 167.8 25

26 Open market paper 18.9 22.7 25.9 25.2 34.1 42.2 54.0 65.0 70.3 74.0 26

27 Corporate bonds 4.5 5.3 7.0 7.9 9.5 10.0 9.4 10.4 10.5 16.0 27

28 Other loans and advances 17.8 15.9 20.2 32.7 41.8 49.0 65.2 66.0 61.4 77.8 28

29 Taxes payable (net) 1.0 1.2 1.6 1.9 2.2 1.7 1.4 1.3 1.3 4.4 29

30 Miscellaneous liabilities 88.8 94.8 114.3 140.2 155.6 173.7 222.0 201.7 251.4 298.5 30

31 Foreign direct investment in U.S. 0.9 1.0 1.2 1.4 2.0 4.6 6.6 7.8 8.7 10.3 31

32 Investment by holding companies 35.5 40.0 46.4 52.2 58.5 63.2 75.8 89.8 102.1 120.4 32

33 Investment by funding corporations 0.0 0.0 0.0 0.0 0.0 3.9 12.6 17.1 19.3 19.6 33

34 Other 52.5 53.7 66.7 86.6 95.2 102.0 127.0 87.0 121.4 148.2 34

 Memo:

35 Consumer leases not included above (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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.
FFA, 1975-1984, December 6, 2012 69

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 1236.3 1363.2 1530.8 1722.4 1887.0 2036.6 2165.7 2306.4 2574.5 2945.2 1

 2 Vault cash 12.3 12.1 13.9 15.5 18.5 19.8 18.6 19.5 21.0 24.2 2

 3 Reserves at Federal Reserve 26.1 25.2 26.9 30.6 29.2 26.7 23.9 24.8 20.4 20.5 3

 4 Credit market instruments 1147.2 1267.7 1422.1 1595.4 1764.8 1903.2 2023.9 2140.0 2399.0 2691.1 4

 5 Open market paper 8.1 11.6 12.0 10.2 12.7 14.8 15.8 18.6 17.8 15.5 5

 6 Treasury securities 94.1 115.9 115.2 106.4 104.4 121.1 123.0 145.8 204.6 214.9 6

 7 Agency- and GSE-backed securities 57.9 62.8 70.8 83.3 95.7 115.7 132.9 168.4 205.2 220.8 7

 8 Residential mortgage pass-through securities 13.7 17.7 22.5 27.4 32.4 41.2 48.1 76.7 110.7 151.9 8

 9 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Residential CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Other 44.2 45.1 48.4 55.9 63.3 74.4 84.8 91.7 94.5 68.9 12

13 Municipal securities 105.1 108.2 117.8 129.3 138.3 151.0 156.7 160.8 164.4 176.7 13

14 Corporate and foreign bonds 24.4 29.3 27.9 29.6 27.2 33.7 30.4 38.8 54.1 68.7 14

15 Priv. residential mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 15

16 Priv. commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Priv. residential CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Priv. commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Other 24.4 29.3 27.9 29.6 27.2 33.7 30.4 38.8 54.1 68.3 19

20 Depository institution loans n.e.c. 241.5 245.5 269.2 307.2 347.0 379.1 426.7 472.5 505.6 558.6 20

21 Other loans and advances 15.0 18.0 20.5 20.1 26.1 32.0 40.2 47.2 51.8 48.9 21

22 Mortgages 485.0 547.3 636.6 729.6 807.6 853.0 890.2 870.5 950.4 1084.0 22

23 Consumer credit 116.2 128.9 152.1 179.6 205.7 202.9 208.2 217.5 245.2 303.1 23

24 Corporate equities 4.4 4.4 4.8 4.8 4.7 4.2 3.2 3.3 4.3 4.1 24

25 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Security credit 14.6 20.8 22.6 19.6 18.8 19.9 24.6 25.1 27.0 31.7 26

27 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Miscellaneous assets 31.8 33.1 40.5 56.6 51.0 62.8 71.4 93.7 102.7 173.5 28

29 Total liabilities 1216.0 1340.7 1508.8 1698.7 1862.4 2012.3 2171.7 2361.0 2639.9 2985.8 29

30 Net interbank liabilities -13.7 -23.8 -27.7 -28.9 -21.9 -61.6 -85.7 -85.3 -84.8 -77.7 30

31 Federal Reserve float 3.7 2.6 3.8 6.5 6.8 4.5 1.8 2.7 1.6 0.9 31

32 Borrowing from Federal Reserve banks 0.2 0.0 0.3 1.2 1.5 1.8 1.6 0.7 0.9 3.6 32

33 To domestic banks -6.5 -6.4 -10.1 -17.0 -23.3 -37.5 -53.5 -56.5 -62.7 -56.4 33

34 To foreign banks -11.1 -20.0 -21.7 -19.6 -6.8 -30.4 -35.6 -32.2 -24.5 -25.7 34

35 Checkable deposits 237.7 249.4 271.5 295.0 321.4 333.2 355.8 383.2 407.9 444.6 35

36 Federal government 3.1 3.0 7.3 14.1 14.5 11.9 10.8 16.9 11.5 15.5 36

37 Rest of the world 10.2 11.9 13.5 13.5 17.0 16.9 13.9 11.6 13.0 16.0 37

38 Private domestic 224.4 234.5 250.6 267.4 289.9 304.4 331.1 354.7 383.4 413.1 38

39 Small time and savings deposits 691.7 807.4 894.5 953.6 1009.4 1089.8 1143.7 1285.7 1474.9 1611.2 39

40 Large time deposits 150.3 136.0 162.1 210.5 236.0 287.9 341.5 354.8 351.4 434.3 40

41 Federal funds and security RPs (net) 27.0 40.3 50.3 74.2 90.4 112.6 128.2 130.6 154.0 169.1 41

42 Credit market instruments 37.5 39.4 47.9 60.8 78.7 92.6 116.7 128.0 126.6 144.9 42

43 Open market paper 15.1 18.2 20.7 20.3 27.3 33.6 42.1 51.6 54.6 51.1 43

44 Corporate bonds 4.5 5.3 7.0 7.9 9.5 10.0 9.4 10.4 10.5 16.0 44

45 Other loans and advances 17.8 15.9 20.2 32.7 41.8 49.0 65.2 66.0 61.4 77.8 45

46 Taxes payable (net) 1.0 1.2 1.6 1.9 2.2 1.7 1.4 1.3 1.3 4.4 46

47 Miscellaneous liabilities 84.5 90.8 108.6 131.5 146.3 156.2 170.1 162.7 208.7 255.1 47

48 Investment by holding companies 35.5 40.0 46.4 52.2 58.5 63.2 75.8 89.8 102.1 120.4 48

49 Other 49.0 50.8 62.2 79.3 87.8 93.0 94.3 72.9 106.6 134.7 49

 Memo:

50 Consumer leases not included above (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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.
70 FFA, 1975-1984, December 6, 2012

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 28.7 33.8 39.2 60.5 76.3 98.1 121.5 107.6 108.6 121.6 1

 2 Reserves at Federal Reserve 0.0 0.0 0.0 0.6 0.6 0.7 1.3 1.7 1.0 1.3 2

 3 Credit market instruments 27.8 32.9 38.4 57.7 74.3 94.1 106.6 83.1 86.8 99.6 3

 4 Open market paper 2.1 2.5 2.6 3.6 4.0 4.8 5.8 5.1 1.7 0.9 4

 5 Treasury securities 0.6 1.2 1.2 1.5 2.0 2.5 2.9 3.8 5.4 4.8 5

 6 Agency- and GSE-backed securities 0.3 0.3 0.2 0.4 0.4 0.4 0.6 0.6 0.6 0.6 6

 7 Municipal securities 0.2 0.2 0.3 0.2 0.2 0.4 0.3 0.3 0.2 0.1 7

 8 Corporate and foreign bonds 0.3 0.3 0.4 0.6 0.7 0.7 1.0 0.7 1.1 2.8 8

 9 Depository institution loans n.e.c. 20.3 23.8 28.5 46.6 59.8 75.3 81.1 56.1 58.7 64.4 9

10 Other loans and advances 3.7 4.5 5.1 4.8 6.3 7.8 10.9 11.6 13.9 20.5 10

11 Mortgages 0.2 0.1 0.1 0.1 0.9 2.2 3.9 5.0 5.2 5.6 11

12 Corporate equities 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.0 12

13 Security credit 0.4 0.9 1.3 1.4 1.4 1.0 1.6 1.2 1.6 2.8 13

14 Miscellaneous assets 0.2 -0.2 -0.8 0.6 -0.1 2.1 11.9 21.6 19.1 17.9 14

15 Total liabilities 29.2 34.5 40.2 62.0 78.5 101.2 124.8 111.2 112.5 125.8 15

16 Net interbank liabilities 8.5 10.6 9.7 20.2 30.8 40.6 26.2 20.8 24.6 27.7 16

17 To foreign banks 5.1 8.1 9.0 12.4 18.1 17.3 -10.0 -17.9 -10.3 -5.7 17

18 To domestic banks 3.4 2.5 0.7 7.8 12.6 23.3 36.3 38.6 34.9 33.3 18

19 Checkable deposits 6.2 8.6 11.6 14.1 14.8 13.7 7.6 5.9 6.3 5.2 19

20 Small time and savings deposits 0.8 0.9 1.1 1.8 2.3 3.1 4.0 4.1 3.3 3.8 20

21 Large time deposits 7.0 7.4 9.4 15.1 18.3 25.3 32.1 35.8 27.1 31.0 21

22 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.5 3.2 22

23 Open market paper (2) 3.8 4.6 5.2 4.9 6.8 8.6 11.9 13.4 15.7 22.9 23

24 Miscellaneous liabilities 2.8 2.4 3.2 5.9 5.6 9.7 43.1 31.1 32.1 32.1 24

25 Foreign direct investment in U.S. 0.9 1.0 1.2 1.4 2.0 4.6 6.6 7.8 8.7 10.3 25

26 Investment by funding corporations 0.0 0.0 0.0 0.0 0.0 3.9 12.6 17.1 19.3 19.6 26

27 Other 2.0 1.5 2.0 4.5 3.6 1.2 23.9 6.2 4.2 2.2 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.
FFA, 1975-1984, December 6, 2012 71

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 5.5 6.0 6.3 7.6 8.9 11.6 15.0 14.2 17.5 16.2 1

 2 Credit market instruments 2.9 3.5 3.8 4.0 4.0 5.0 5.5 7.9 9.5 11.0 2

 3 Treasury securities 0.4 0.5 0.7 0.6 0.7 0.8 0.8 0.9 1.1 1.1 3

 4 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 4

 5 Municipal securities 0.7 1.1 1.0 1.4 1.1 1.0 0.6 0.6 0.6 0.6 5

 6 Corporate and foreign bonds 0.1 0.2 0.3 0.4 0.5 1.0 0.6 0.4 0.3 0.4 6

 7 Depository institution loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.4 1.2 3.9 5.7 7.0 7

 8 Home mortgages 0.8 0.9 0.9 1.0 1.1 1.2 1.2 1.0 1.1 1.2 8

 9 Commercial mortgages 0.9 0.8 0.9 0.6 0.6 0.6 1.1 1.1 0.7 0.7 9

10 Miscellaneous assets 2.6 2.5 2.5 3.6 4.8 6.6 9.5 6.3 8.0 5.2 10

11 Total liabilities 6.1 6.6 7.4 9.0 11.1 14.1 17.5 17.2 20.6 19.8 11

12 Net interbank liabilities -0.9 -0.7 -1.3 -1.6 -2.4 -2.8 -2.9 -3.4 -3.6 -4.1 12

13 Checkable deposits 4.4 4.7 4.5 4.6 5.7 5.8 5.9 6.0 5.1 4.6 13

14 Small time and savings deposits 1.0 1.0 1.5 2.3 2.8 3.2 4.4 4.5 5.4 5.4 14

15 Large time deposits 1.0 1.0 1.5 2.3 2.8 3.2 4.4 4.5 5.4 5.4 15

16 Miscellaneous liabilities 0.7 0.6 1.1 1.3 2.2 4.7 5.6 5.6 8.3 8.4 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

 1 Total financial assets 31.0 37.5 44.6 52.7 56.1 58.6 59.7 61.5 73.7 88.6 1

 2 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Credit market instruments 31.7 38.4 45.6 52.0 53.8 53.0 55.0 57.3 69.4 85.0 3

 4 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 4

 5 Treasury securities 1.2 1.3 1.4 0.7 0.6 0.9 1.0 1.3 2.7 3.7 5

 6 Agency- and GSE-backed securities 2.9 3.4 3.8 3.6 2.7 3.3 3.6 4.5 6.3 5.9 6

 7 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Depository institution loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Home mortgages 2.0 2.5 2.8 2.5 3.1 4.6 3.7 2.7 4.4 7.5 9

10 Consumer credit 25.7 31.2 37.6 45.2 47.4 44.1 46.7 48.8 56.1 67.9 10

11 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Miscellaneous assets -0.7 -0.9 -1.0 0.6 2.3 5.7 4.7 4.2 4.2 3.5 12

13 Total liabilities 28.8 35.0 42.3 50.0 53.3 55.8 56.7 57.6 69.4 83.3 13

14 Net interbank liabilities -5.1 -4.9 -5.9 -4.5 -5.8 -8.3 -8.7 -16.3 -18.4 -17.6 14

15 Shares/deposits 33.0 39.0 46.7 53.0 57.5 61.7 64.6 74.8 89.7 102.6 15

16 Checkable 0.1 0.3 0.6 1.1 1.5 3.3 3.9 5.7 8.0 9.5 16

17 Small time and savings 32.9 38.7 46.1 51.8 55.7 57.9 60.2 68.4 81.0 92.3 17

18 Large time 0.0 0.0 0.0 0.1 0.3 0.5 0.6 0.7 0.7 0.8 18

19 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.0 -0.7 -2.4 -3.2 -4.3 -4.6 19

20 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Miscellaneous liabilities 0.9 0.9 1.5 1.5 1.6 3.1 3.2 2.3 2.3 2.9 21
72 FFA, 1975-1984, December 6, 2012

L.114 Property-Casualty Insurance Companies

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 80.3 97.9 118.3 139.8 161.7 182.1 194.4 212.3 235.2 250.9 1

 2 Checkable deposits and currency 1.7 1.9 2.2 2.6 2.9 2.9 3.0 3.0 2.6 3.1 2

 3 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.4 4.8 6.3 3

 4 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Credit market instruments 53.7 66.2 83.7 100.2 113.7 123.5 132.0 139.6 147.6 162.0 5

 6 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.1 2.0 6.9 9.0 6

 7 Treasury securities 4.7 7.3 9.8 10.5 10.7 12.2 13.5 14.7 19.4 26.0 7

 8 Agency- and GSE-backed securities 3.3 3.9 4.4 4.9 6.0 6.2 7.0 8.5 10.7 13.9 8

 9 Municipal securities 33.3 38.7 49.4 62.9 72.8 80.5 83.9 87.0 86.7 84.7 9

10 Corporate and foreign bonds 12.2 16.1 19.8 21.6 23.6 23.6 26.3 25.8 21.6 25.7 10

11 Commercial mortgages 0.2 0.3 0.4 0.4 0.7 1.0 1.3 1.6 2.3 2.7 11

12 Corporate equities 14.2 16.9 17.1 19.4 24.8 32.3 32.4 38.5 48.1 44.7 12

13 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Trade receivables 7.7 8.9 10.2 11.7 13.6 15.6 18.1 20.2 22.2 25.0 14

15 Miscellaneous assets 3.0 4.0 5.2 5.9 6.8 7.8 8.9 9.5 9.9 9.9 15

16 Total liabilities 59.7 70.3 83.1 97.5 113.0 127.8 139.5 150.9 163.7 177.9 16

17 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Taxes payable (net) 0.3 0.4 0.5 0.6 0.6 0.7 0.7 0.8 0.7 0.8 18

19 Miscellaneous liabilities 59.4 69.9 82.6 96.9 112.4 127.0 138.8 150.1 163.0 177.2 19

L.115 Life Insurance Companies

Billions of dollars

 1 Total financial assets 279.7 311.1 339.9 378.3 419.3 464.2 507.5 567.5 632.7 697.2 1

 2 Checkable deposits and currency 1.9 2.0 2.1 2.4 2.7 3.2 4.3 4.6 4.0 4.6 2

 3 Money market fund shares 0.0 0.0 0.2 0.4 1.0 1.9 5.6 6.7 4.8 7.0 3

 4 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Credit market instruments 234.6 258.3 285.8 318.9 352.0 385.1 419.8 463.2 513.8 570.1 5

 6 Open market paper 4.8 5.2 4.9 6.3 8.0 10.1 17.6 21.7 25.2 29.3 6

 7 Treasury securities 4.7 5.4 5.3 4.8 4.9 5.8 8.2 16.5 28.6 41.2 7

 8 Agency- and GSE-backed securities 1.4 2.3 4.0 6.5 9.4 11.1 14.3 18.6 25.9 36.9 8

 9 Municipal securities 4.5 5.6 6.1 6.4 6.4 6.7 7.2 9.0 10.0 8.7 9

10 Corporate and foreign bonds 105.5 122.4 141.2 158.5 170.1 178.8 186.1 202.3 219.1 242.8 10

11 Other loans and advances 24.5 25.8 27.6 30.1 34.8 41.4 48.7 53.0 54.1 54.5 11

12 Mortgages 89.2 91.6 96.8 106.2 118.4 131.1 137.7 142.0 151.0 156.7 12

13 Corporate equities 27.5 33.7 32.3 35.1 38.9 46.3 46.2 52.9 62.2 60.3 13

14 Mutual fund shares 0.6 0.6 0.6 0.6 0.9 1.1 1.5 2.8 2.7 3.0 14

15 Miscellaneous assets 15.0 16.5 18.8 21.0 23.9 26.6 30.3 37.3 45.3 52.2 15

16 Total liabilities 267.0 296.1 324.8 359.2 396.9 438.4 482.9 540.0 595.7 662.1 16

17 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Life insurance reserves 158.5 167.1 176.4 187.3 197.7 207.4 216.3 223.3 231.1 236.1 19

20 Pension fund reserves (1) 72.3 88.7 103.2 121.6 143.5 172.0 199.8 242.9 281.7 328.3 20

21 Taxes payable (net) 0.7 0.9 1.3 1.6 1.6 2.0 1.9 2.1 2.0 2.1 21

22 Miscellaneous liabilities 35.5 39.4 44.0 48.8 54.1 57.1 64.9 71.7 81.0 95.6 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).
FFA, 1975-1984, December 6, 2012 73

L.116 Private Pension Funds (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 244.3 275.3 297.3 351.3 413.1 513.0 539.2 669.0 815.1 876.2 1

 2 Checkable deposits and currency 4.4 4.5 4.8 5.2 5.1 4.2 3.4 2.3 2.7 3.3 2

 3 Time and savings deposits 14.5 16.6 19.6 23.7 27.9 31.8 36.5 49.4 61.0 68.0 3

 4 Money market fund shares 0.0 0.0 0.1 0.4 1.2 2.6 6.6 4.7 5.9 6.9 4

 5 Security RPs 4.3 4.7 5.7 6.9 7.8 8.4 8.3 8.7 10.6 10.9 5

 6 Credit market instruments 71.2 77.8 88.2 98.7 120.8 151.4 178.6 225.4 267.5 305.9 6

 7 Open market paper 9.1 11.0 11.3 11.2 15.4 19.5 24.5 15.2 17.2 19.7 7

 8 Treasury securities 12.4 18.1 21.3 23.2 26.0 32.2 46.7 75.2 93.3 108.4 8

 9 Agency- and GSE-backed securities 5.5 6.1 8.5 8.7 12.6 18.3 20.2 32.0 38.9 44.6 9

10 Corporate and foreign bonds 41.9 40.2 44.6 53.0 63.7 77.7 83.3 95.2 108.0 123.4 10

11 Mortgages 2.4 2.4 2.5 2.7 3.1 3.6 3.9 7.8 10.1 9.7 11

12 Corporate equities 108.0 125.5 123.6 150.3 175.4 232.0 227.5 294.4 364.8 374.6 12

13 Mutual fund shares 2.8 3.5 3.7 3.7 5.1 7.1 4.1 5.8 6.9 7.9 13

14 Miscellaneous assets 39.1 42.6 51.5 62.4 69.9 75.4 74.3 78.3 95.5 98.6 14

15 Unallocated insurance contracts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Contributions receivable 3.7 4.1 4.5 5.3 6.2 7.6 8.0 9.9 12.0 12.9 16

17 Other 35.5 38.5 47.0 57.1 63.7 67.8 66.4 68.5 83.5 85.7 17

18 Pension fund reserves (liabilities) (3) 248.4 279.7 302.1 357.0 420.9 523.7 553.9 687.3 838.3 897.8 18

 Memo:

 Total financial assets (4)

19 Defined benefit plans ND ND ND ND ND ND ND ND ND 588.7 19

20 Defined contibution plans ND ND ND ND ND ND ND ND ND 287.5 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.
74 FFA, 1975-1984, December 6, 2012

L.117 State and Local Government Employee Retirement Funds

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 104.0 119.2 130.9 152.0 167.7 195.8 221.3 258.1 300.2 346.5 1

 2 Checkable deposits and currency 0.3 0.3 0.3 0.4 0.6 0.6 0.6 1.0 1.4 2.0 2

 3 Time and savings deposits 1.2 1.1 1.4 2.4 3.5 3.7 3.8 6.0 8.8 12.0 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 5

 6 Credit market instruments 78.3 87.7 99.2 116.0 126.6 147.2 169.0 190.7 198.8 233.2 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 7

 8 Treasury securities 2.5 4.1 6.8 9.5 14.7 20.9 27.6 36.9 48.9 67.9 8

 9 Agency- and GSE-backed securities 5.3 6.8 9.6 14.0 15.4 19.1 24.3 34.3 39.3 43.3 9

10 Municipal securities 1.9 3.4 3.5 4.0 3.9 4.1 3.9 3.1 2.0 1.5 10

11 Corporate and foreign bonds 61.0 65.7 71.3 80.0 83.0 92.2 100.8 102.6 93.0 102.7 11

12 Mortgages 7.5 7.7 8.0 8.6 9.6 10.9 12.5 13.8 14.7 15.3 12

13 Corporate equities 24.3 30.1 30.0 33.3 37.1 44.3 47.8 60.2 89.6 96.5 13

14 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.3 0.5 0.4 15

16 Pension fund reserves (liabilities) (1) 104.2 119.5 131.3 152.5 168.4 196.8 222.6 259.6 302.0 349.0 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

 1 Total financial assets 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 1

 2 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 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 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Miscellaneous assets (2) 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 7

 8 Pension fund reserves (liabilities) (3) 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 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.
FFA, 1975-1984, December 6, 2012 75

L.119 Money Market Mutual Funds (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 3.7 3.7 3.9 10.8 45.2 76.4 186.3 219.9 179.5 232.2 1

 2 Foreign deposits 0.0 0.0 0.0 0.5 5.1 6.8 18.8 23.8 21.9 21.1 2

 3 Checkable deposits and currency 0.0 0.0 0.0 0.1 0.1 0.2 -0.5 0.3 -0.3 -1.2 3

 4 Time and savings deposits 2.1 1.5 1.8 4.5 12.0 21.2 44.4 41.1 24.3 24.0 4

 5 Security RPs 0.1 0.1 0.3 0.3 2.4 5.6 14.5 16.2 13.0 22.6 5

 6 Credit market instruments 1.5 2.1 1.9 5.1 24.9 42.0 107.5 137.6 119.7 164.1 6

 7 Open market paper 0.5 0.9 1.1 3.7 19.3 31.6 70.4 69.1 66.2 97.3 7

 8 Treasury securities 0.9 1.1 0.9 0.9 1.6 3.5 21.5 42.6 22.8 25.2 8

 9 Agency- and GSE-backed securities 0.0 0.0 0.0 0.6 4.0 4.8 10.4 12.0 13.4 16.9 9

10 Municipal securities 0.0 0.0 0.0 0.0 0.0 2.0 4.4 13.3 16.9 24.0 10

11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.3 0.8 0.5 0.4 0.8 11

12 Miscellaneous assets -0.1 -0.1 -0.2 0.3 0.7 0.6 1.6 1.0 0.8 1.7 12

13 Total shares outstanding (liabilities) 3.7 3.7 3.9 10.8 45.2 76.4 186.3 219.9 179.5 232.2 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

 1 Total financial assets 43.0 46.5 45.5 46.1 51.8 61.8 59.8 76.9 112.1 135.6 1

 2 Security RPs 1.3 0.8 1.3 1.9 1.8 2.3 2.2 2.1 2.9 1.2 2

 3 Credit market instruments 8.0 8.4 12.3 12.5 14.5 17.1 20.2 25.4 34.9 53.9 3

 4 Open market paper 1.3 0.8 1.3 1.9 1.8 2.3 2.2 2.1 2.9 8.5 4

 5 Treasury securities 1.1 1.1 1.8 1.6 1.5 1.9 2.8 5.1 4.1 6.6 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 5.4 6

 7 Municipal securities 0.0 0.5 2.2 2.7 4.0 4.4 5.1 8.0 13.4 19.1 7

 8 Corporate and foreign bonds 5.6 6.0 7.0 6.4 7.2 8.5 10.1 10.2 13.0 14.2 8

 9 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Corporate equities 33.7 37.3 31.9 31.7 35.4 42.4 37.4 49.4 74.4 80.6 10

11 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Total shares outstanding (liabilities) 43.0 46.5 45.5 46.1 51.8 61.8 59.8 76.9 112.1 135.6 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

 Closed-end funds

 1 Total financial assets 9.0 9.3 7.4 8.0 7.9 7.9 7.1 7.5 7.4 6.4 1

 2 Credit market instruments 3.1 3.4 2.7 3.0 3.0 3.0 2.9 3.4 3.1 2.7 2

 3 Treasury securities 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 3

 4 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 2.4 2.6 2.1 2.3 2.4 2.4 2.3 2.8 2.6 2.2 5

 6 Corporate equities 5.8 6.0 4.7 5.1 4.9 4.9 4.2 4.1 4.3 3.7 6

 7 Total shares outstanding (liabilities) 9.0 9.3 7.4 8.0 7.9 7.9 7.1 7.5 7.4 6.4 7

 Exchange-traded funds

 8 Total financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Total shares outstanding (liabilities) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14
76 FFA, 1975-1984, December 6, 2012

L.122 Government-Sponsored Enterprises (GSEs) (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 93.4 97.8 105.9 134.5 165.6 195.1 232.6 254.8 256.5 297.7 1

 2 Checkable deposits and currency 0.3 0.2 0.3 0.3 0.5 0.5 0.7 0.6 0.8 1.3 2

 3 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Federal funds and security RPs (net) 1.8 2.1 2.2 3.6 4.2 6.0 9.5 14.9 12.6 20.9 4

 5 Credit market instruments 89.8 94.5 101.4 128.1 158.1 184.5 217.7 233.7 236.4 265.9 5

 6 Open market paper 1.2 1.2 1.4 0.2 0.3 0.4 0.7 0.4 0.8 0.7 6

 7 Treasury securities 2.9 4.4 1.0 1.4 1.2 1.7 1.9 3.4 1.8 2.7 7

 8 Agency- and GSE-backed securities 0.4 0.5 0.1 0.2 0.6 0.8 1.0 0.9 0.5 0.7 8

 9 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.2 9

10 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Other loans and advances 31.8 32.1 38.5 53.1 67.8 78.2 95.9 95.1 90.1 104.9 11

12 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.6 3.3 12

13 Farm Credit System 14.0 16.2 18.3 20.5 25.9 29.2 30.7 29.1 28.6 26.9 13

14 FHLB 17.8 15.9 20.2 32.7 41.8 49.0 65.2 66.0 59.0 74.6 14

15 Mortgages 53.5 56.4 59.9 72.2 86.6 100.8 113.4 127.5 137.9 150.1 15

16 Home 30.9 31.4 31.9 40.9 50.1 57.8 64.0 74.3 83.7 94.4 16

17 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Other 30.9 31.4 31.9 40.9 50.1 57.8 64.0 74.3 83.7 94.4 18

19 Multifamily residential 6.4 6.4 6.4 6.4 6.6 6.7 5.5 5.4 5.3 6.5 19

20 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Other 6.4 6.4 6.4 6.4 6.6 6.7 5.5 5.4 5.3 6.5 21

22 Farm 16.1 18.6 21.6 24.9 29.9 36.3 43.9 47.8 48.9 49.2 22

23 Consumer credit (3) 0.0 0.0 0.5 0.9 1.5 2.6 4.8 6.4 4.6 5.6 23

24 Miscellaneous assets 1.5 1.0 2.0 2.4 2.9 4.1 4.7 5.7 6.7 9.5 24

25 Total liabilities 91.0 95.0 102.6 130.7 161.2 190.4 227.4 248.4 249.6 290.2 25

26 Credit market instruments 80.3 82.4 88.7 112.2 137.0 162.6 195.0 210.4 211.8 242.2 26

27 GSE issues (4) 78.8 81.2 88.2 111.3 135.5 159.9 190.4 205.4 206.8 237.2 27

28 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Other 78.8 81.2 88.2 111.3 135.5 159.9 190.4 205.4 206.8 237.2 29

30 U.S. government loans 1.6 1.2 0.5 0.9 1.5 2.7 4.6 5.0 5.0 5.0 30

31 Miscellaneous liabilities 10.6 12.6 13.9 18.5 24.2 27.7 32.4 38.0 37.8 48.0 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

 1 Total financial assets 28.5 40.7 56.8 70.4 94.8 114.0 129.0 178.5 244.8 289.0 1

 2 Home mortgages 25.3 37.3 53.0 65.4 88.4 107.1 125.0 174.3 239.4 283.0 2

 3 Multifamily residential mortgages 1.2 1.7 2.6 4.1 5.3 6.0 3.2 3.6 4.8 5.5 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages 2.0 1.8 1.2 1.0 1.0 0.9 0.7 0.6 0.5 0.5 5

 6 Total pool securities (liabilities)(2) 28.5 40.7 56.8 70.4 94.8 114.0 129.0 178.5 244.8 289.0 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.
FFA, 1975-1984, December 6, 2012 77

L.124 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 21.3 1

 2 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Agency- and GSE-backed securities (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 8.8 3

 4 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Mortgages (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.0 5

 6 Home 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.0 6

 7 Multifamily residential 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Commercial 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

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

10 Trade credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.5 10

11 Total liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 21.3 11

12 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.5 12

13 Corporate bonds (net) (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 19.8 13

 Memo:

 Securitized assets not included above

14 Consumer leases (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 REIT assets (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.1 15

 Securitized liabilities not included above

16 Commercial paper (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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

 1 Total financial assets 106.5 117.6 140.4 168.6 200.5 213.1 237.8 250.5 276.3 309.0 1

 2 Checkable deposits and currency 2.9 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.5 2

 3 Time and savings deposits 1.0 1.0 1.1 1.1 1.1 1.2 1.2 1.2 1.3 1.2 3

 4 Credit market instruments 95.0 106.6 128.6 154.2 183.4 195.8 218.6 228.9 254.0 302.5 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13.6 5

 6 Other loans and advances 40.9 49.5 63.0 74.4 84.5 86.9 97.6 98.3 110.4 131.9 6

 7 Mortgages 12.9 14.2 17.3 22.2 28.0 29.9 33.2 37.3 40.0 45.4 7

 8 Consumer credit 41.3 42.9 48.4 57.7 70.8 78.9 87.8 93.2 103.7 111.7 8

 9 Miscellaneous assets 7.6 6.9 7.5 9.9 12.5 12.5 14.3 16.7 17.2 1.8 9

10 Total liabilities 95.9 106.6 128.6 155.6 186.0 196.3 220.8 232.9 258.0 290.4 10

11 Credit market instruments 81.7 88.5 108.4 124.6 144.7 138.5 153.4 158.3 173.8 199.2 11

12 Open market paper 28.0 31.3 39.6 47.4 60.7 47.6 57.2 51.4 60.5 73.1 12

13 Corporate bonds 40.4 44.0 52.1 57.2 59.6 65.5 68.9 77.0 81.0 90.5 13

14 Depository institution loans n.e.c. 13.3 13.3 16.7 20.1 24.4 25.4 27.3 29.9 32.3 35.5 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 15

16 Taxes payable 0.3 0.3 0.4 0.5 0.4 0.3 0.2 0.1 0.1 0.1 16

17 Miscellaneous liabilities 13.9 17.8 19.8 30.5 40.9 57.5 67.1 74.5 84.1 91.1 17

18 Foreign direct investment in U.S. 0.1 0.1 0.1 0.1 0.1 0.4 0.0 0.4 0.0 1.9 18

19 Investment by parent 11.9 16.2 17.7 22.2 25.7 29.0 21.1 28.4 33.6 43.0 19

20 Other 1.9 1.5 2.1 8.2 15.0 28.1 46.0 45.7 50.5 46.2 20

 Memo:

21 Consumer leases not included above (2) 0.0 0.0 0.0 0.0 0.0 1.7 1.9 2.0 3.1 5.9 21

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (4), table L.124.
78 FFA, 1975-1984, December 6, 2012

L.126 Real Estate Investment Trusts (REITs)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 7.3 4.6 3.5 3.3 3.3 3.2 3.2 3.4 3.5 7.6 1

 2 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Credit market instruments 7.1 4.6 3.4 3.1 2.9 2.7 2.6 2.8 2.7 6.1 3

 4 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.6 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Mortgages 7.1 4.6 3.4 3.1 2.9 2.7 2.6 2.8 2.7 3.5 6

 7 Home 0.7 0.6 0.4 0.4 0.3 0.3 0.3 0.3 0.2 0.2 7

 8 Multifamily residential 2.6 1.5 1.1 0.9 0.9 0.8 0.8 0.9 0.9 1.3 8

 9 Commercial 3.8 2.6 1.9 1.7 1.7 1.6 1.6 1.6 1.5 1.9 9

10 Miscellaneous assets 0.1 0.0 0.1 0.2 0.4 0.5 0.5 0.6 0.8 1.5 10

11 Total liabilities 8.9 7.1 5.1 4.7 4.4 4.1 4.0 4.0 3.8 6.8 11

12 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Credit market instruments 8.7 6.9 5.0 4.4 4.1 3.8 3.7 3.7 3.5 6.3 13

14 Open market paper 0.8 0.6 0.5 0.6 0.8 0.5 0.6 0.4 0.4 0.6 14

15 Corporate bonds 1.1 0.9 0.8 0.6 0.6 0.6 0.7 0.7 0.7 2.8 15

16 Depository institution loans n.e.c. 5.3 3.4 1.9 1.2 0.8 0.7 0.6 0.6 0.4 0.4 16

17 Mortgages 1.5 2.0 1.8 2.0 2.0 1.9 1.9 2.0 2.1 2.5 17

18 Miscellaneous liabilities 0.1 0.2 0.1 0.3 0.3 0.3 0.3 0.3 0.3 0.5 18

 Memo:

19 Securitized assets included above 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.1 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 2.1 20

21 Home mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23
FFA, 1975-1984, December 6, 2012 79

L.127 Security Brokers and Dealers

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 21.5 34.1 30.0 32.5 32.7 45.4 59.8 83.3 90.5 118.4 1

 2 Checkable deposits and currency 0.7 1.0 1.0 1.2 2.2 3.0 2.8 4.5 3.6 3.9 2

 3 Credit market instruments 8.8 16.6 11.3 7.6 3.9 6.6 20.9 36.2 25.5 54.1 3

 4 Open market paper 4.0 7.2 6.7 5.8 7.2 6.8 11.6 16.4 11.6 17.3 4

 5 Treasury securities 1.2 5.6 0.4 -1.6 -7.0 -4.7 3.0 9.2 -0.5 12.1 5

 6 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 6

 7 Municipal securities 0.6 1.7 2.1 1.9 2.2 2.5 3.0 4.6 6.5 11.0 7

 8 Corporate and foreign bonds 3.0 2.1 2.2 1.5 1.6 2.0 3.4 5.9 7.9 13.7 8

 9 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Corporate equities 3.4 1.5 1.8 1.9 2.6 3.3 3.5 4.9 10.0 8.9 10

11 Security credit 8.6 12.5 14.5 17.1 17.5 24.7 23.0 25.8 34.2 31.8 11

12 Miscellaneous assets 0.0 2.5 1.3 4.7 6.5 7.8 9.5 11.9 17.1 19.6 12

13 Total liabilities 17.6 30.4 26.6 28.6 28.5 39.1 52.5 74.9 80.1 108.1 13

14 Security RPs (net) -2.8 -0.6 -6.0 -7.3 -9.6 -8.7 -0.3 24.3 8.4 25.5 14

15 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.1 15

16 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.1 16

17 Depository institution loans n.e.c. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Trade payables 1.0 1.0 1.1 1.2 1.3 1.7 2.1 2.6 5.1 5.5 18

19 Security credit 19.9 27.4 29.6 29.5 30.5 37.2 40.9 44.1 49.2 56.0 19

20 Customer credit balances (HH) 4.8 5.7 5.7 8.5 10.4 16.2 14.7 17.8 20.6 21.6 20

21 From U.S.-chartered depository institutions 14.6 20.8 22.6 19.6 18.8 19.9 24.6 25.1 27.0 31.7 21

22 From foreign banking offices in U.S. 0.4 0.9 1.3 1.4 1.4 1.0 1.6 1.2 1.6 2.8 22

23 Taxes payable 0.1 0.2 0.1 0.2 0.2 0.5 0.3 0.6 0.5 0.4 23

24 Miscellaneous liabilities -0.5 2.4 1.7 5.0 6.1 8.5 9.5 3.3 16.5 19.6 24

25 Foreign direct investment in U.S. 0.6 0.8 1.0 1.0 1.3 0.9 1.1 1.8 2.3 3.7 25

26 Investment by funding corporations 5.1 5.9 7.2 6.7 7.8 20.0 23.1 26.5 31.3 34.7 26

27 Other -6.1 -4.2 -6.5 -2.7 -2.9 -12.4 -14.7 -25.0 -17.1 -18.8 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).
80 FFA, 1975-1984, December 6, 2012

L.128 Holding Companies (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 63.0 73.3 84.2 93.9 104.7 118.4 141.3 165.5 197.4 227.0 1

 2 Time and savings deposits 1.5 2.6 4.1 6.7 7.6 9.4 14.0 15.7 22.4 19.9 2

 3 Federal funds and security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Credit market instruments 4.9 5.8 7.2 6.7 8.0 7.6 8.0 5.8 7.2 8.1 4

 5 Treasury securities 0.1 0.2 0.3 0.2 0.3 0.3 0.3 0.2 0.4 0.4 5

 6 Agency- and GSE-backed securities 0.3 0.5 0.7 0.5 0.8 0.9 0.8 0.6 1.0 1.2 6

 7 Corporate and foreign bonds 1.1 1.4 2.3 1.4 2.6 2.7 2.7 1.9 3.1 3.7 7

 8 Other loans and advances 3.4 3.8 3.8 4.6 4.2 3.7 4.1 3.1 2.7 2.8 8

 9 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Miscellaneous assets 56.6 64.9 73.0 80.5 89.2 101.4 119.3 144.0 167.8 198.9 10

11 Net transactions with depository subsidiaries 35.5 40.0 46.4 52.2 58.5 63.2 75.8 89.8 102.1 120.4 11

12 Net transactions with property-casualty insurance co. subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Net transactions with life insurance company subsidiaries 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Net transactions with finance company subsidiaries 9.9 13.2 13.7 16.9 19.3 21.4 12.5 18.7 22.8 31.1 14

15 Net transactions with broker and dealer subsidiaries 5.1 5.9 7.2 6.7 7.8 11.3 18.9 20.8 24.6 27.2 15

16 Net transactions with foreign subsidiaries 3.5 3.6 3.7 2.7 1.9 4.0 10.2 12.3 15.5 16.1 16

17 Other 2.6 2.1 1.9 1.9 1.8 1.4 1.9 2.4 2.9 4.3 17

18 Total liabilities 23.0 28.5 34.4 40.5 46.2 53.6 64.2 73.3 88.0 104.1 18

19 Federal funds and security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Credit market instruments 20.7 23.0 27.1 35.3 42.8 52.1 62.6 70.4 84.1 100.9 20

21 Commercial paper 8.7 7.9 9.1 15.8 20.4 25.9 33.0 34.6 38.0 44.1 21

22 Corporate bonds 10.0 12.8 15.4 16.2 15.8 16.9 19.9 25.6 35.5 45.4 22

23 Depository institution loans n.e.c. 2.0 2.3 2.6 3.3 6.6 9.3 9.8 10.3 10.6 11.4 23

24 Miscellaneous liabilities 2.4 5.5 7.3 5.2 3.4 1.5 1.5 2.9 4.0 3.2 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.
FFA, 1975-1984, December 6, 2012 81

L.129 Funding Corporations (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 1.3 1.4 1.8 2.9 3.0 16.0 26.1 37.3 68.3 51.5 1

 2 Money market fund shares 0.0 0.3 0.2 0.5 0.6 0.6 1.1 1.4 2.9 3.0 2

 3 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Credit market instruments 1.3 1.1 1.6 2.4 2.4 2.9 8.2 13.2 39.5 21.4 4

 5 Open market paper 1.3 1.1 1.6 2.4 2.4 2.9 8.2 13.2 39.5 21.4 5

 6 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 12.5 16.8 22.8 25.9 27.1 9

10 Investment in foreign banking offices 0.0 0.0 0.0 0.0 0.0 3.9 12.6 17.1 19.3 19.6 10

11 Investment in brokers and dealers 0.0 0.0 0.0 0.0 0.0 8.6 4.2 5.7 6.7 7.5 11

12 Total liabilities 1.3 1.4 1.8 2.9 3.0 16.0 26.1 37.3 68.3 51.5 12

13 Credit market instruments 0.0 0.0 0.0 0.0 0.0 12.5 16.8 22.8 25.9 27.1 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 12.5 16.8 22.8 25.7 26.1 14

15 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 1.0 15

16 Depository institution loans n.e.c. (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Other loans and advances (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Miscellaneous liabilities 1.3 1.4 1.8 2.9 3.0 3.4 9.3 14.6 42.4 24.4 18

19 Foreign direct investment in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Securities loaned (net) 0.0 0.6 0.5 1.0 1.1 1.1 2.1 2.3 5.2 5.4 20

21 Equity interest under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Other (net) 1.3 0.8 1.3 1.9 1.8 2.3 7.2 12.3 37.2 19.0 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.
82 FFA, 1975-1984, December 6, 2012

L.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 7.3 9.8 10.4 10.0 12.0 20.8 24.6 28.2 27.8 28.6 1

 2 Federal government: SDR allocations 2.7 2.7 2.8 3.0 4.2 5.2 5.7 5.4 5.1 4.8 2

 3 Rest of the world 4.6 7.1 7.6 7.0 7.8 15.6 18.9 22.8 22.6 23.8 3

 4 SDR holdings 2.3 2.4 2.6 1.6 2.7 2.6 4.1 5.3 5.0 5.6 4

 5 Reserve position in IMF (net) 2.2 4.4 5.0 1.0 1.3 2.9 5.1 7.3 11.3 11.5 5

 6 Foreign currency holdings 0.1 0.3 0.0 4.4 3.8 10.1 9.8 10.2 6.3 6.7 6

 7 Total assets 18.9 21.4 22.1 21.6 23.1 31.9 35.8 39.4 38.9 39.7 7

 8 Federal government 4.6 7.0 7.6 5.4 5.3 10.6 13.8 17.1 19.0 20.3 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 9

10 SDR holdings 2.3 2.4 2.6 1.6 2.7 2.6 4.1 5.3 5.0 5.6 10

11 Reserve position in IMF (net) 2.2 4.5 5.0 1.1 1.3 2.9 5.1 7.4 11.4 11.6 11

12 Foreign currency holdings 0.0 0.2 0.0 2.8 1.3 5.0 4.6 4.4 2.6 3.1 12

13 Rest of the world: SDR allocations 2.7 2.7 2.8 3.0 4.2 5.2 5.7 5.4 5.1 4.8 13

14 Monetary authority 11.7 11.7 11.7 13.2 13.6 16.2 16.2 16.9 14.8 14.6 14

15 Monetary gold (2) 11.6 11.6 11.7 11.7 11.2 11.2 11.2 11.1 11.1 11.1 15

16 Reserve position in IMF (net) -0.0 -0.0 -0.0 -0.0 -0.0 -0.1 -0.0 -0.0 -0.0 -0.1 16

17 Foreign currency holdings 0.1 0.2 0.0 1.6 2.5 5.1 5.1 5.8 3.7 3.6 17

18 Discrepancy: monetary gold -11.6 -11.6 -11.7 -11.7 -11.2 -11.2 -11.2 -11.1 -11.1 -11.1 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

 SDR certificates:

 1 Liab: Federal government 0.5 1.2 1.3 1.3 1.8 2.5 3.3 4.6 4.6 4.6 1

 2 Asset: Monetary authority 0.5 1.2 1.3 1.3 1.8 2.5 3.3 4.6 4.6 4.6 2

 Treasury currency:

 3 Liab: Federal government 8.2 8.7 8.9 9.4 10.5 11.1 11.5 11.9 12.3 12.9 3

 4 Asset: Monetary authority 10.2 10.8 11.3 11.8 13.1 13.8 14.5 15.0 15.7 16.4 4

 5 Discrepancy (seigniorage) -2.0 -2.2 -2.4 -2.4 -2.6 -2.8 -3.0 -3.2 -3.4 -3.5 5

L.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 5.8 7.4 8.8 17.1 26.9 31.4 41.8 49.5 141.6 140.0 1

 Held by:

 2 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 6.9 6.9 2

 3 Nonfinancial corporate business 2.6 3.4 5.7 8.3 10.1 9.7 12.4 10.1 14.4 13.3 3

 4 Money market mutual funds 0.0 0.0 0.0 0.5 5.1 6.8 18.8 23.8 21.9 21.1 4

 5 Discrepancy--unallocated assets 3.2 4.0 3.1 8.3 11.7 14.9 10.6 13.3 98.3 98.7 5
FFA, 1975-1984, December 6, 2012 83

L.203 Net Interbank Transactions

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 27.1 18.5 15.7 31.8 49.0 15.1 -27.2 -38.2 -39.7 -25.7 1

 2 Monetary authority 38.3 37.3 40.8 46.7 48.3 47.3 43.9 46.0 42.4 46.1 2

 3 U.S.-chartered depository institutions -13.7 -23.8 -27.7 -28.9 -21.9 -61.6 -85.7 -85.3 -84.8 -77.7 3

 4 Foreign banking offices in U.S. 8.5 10.6 9.7 20.2 30.8 40.6 26.2 20.8 24.6 27.7 4

 5 Banks in U.S.-affiliated areas -0.9 -0.7 -1.3 -1.6 -2.4 -2.8 -2.9 -3.4 -3.6 -4.1 5

 6 Credit unions -5.1 -4.9 -5.9 -4.5 -5.8 -8.3 -8.7 -16.3 -18.4 -17.6 6

 7 Total assets 36.2 28.1 32.2 47.1 67.9 40.4 1.6 -0.6 10.1 19.1 7

 8 Rest of the world -6.0 -11.8 -12.7 -7.2 11.4 -13.1 -45.6 -50.1 -34.8 -31.4 8

 9 Monetary authority 3.9 2.6 4.1 7.7 8.2 6.3 3.4 3.5 2.5 4.4 9

10 U.S.-chartered depository institutions 38.3 37.3 40.8 46.1 47.7 46.5 42.5 44.4 41.4 44.8 10

11 Foreign banking offices in U.S. 0.0 0.0 0.0 0.6 0.6 0.7 1.3 1.7 1.0 1.3 11

12 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Discrepancy -9.1 -9.6 -16.5 -15.3 -18.9 -25.3 -28.9 -37.6 -49.8 -44.7 13

 Memo:

 Vault cash:

14 Liab.: Monetary authority 12.3 12.1 13.9 15.5 18.5 19.8 18.6 19.5 21.0 24.2 14

15 Asset: U.S.-chartered depository institutions 12.3 12.1 13.9 15.5 18.5 19.8 18.6 19.5 21.0 24.2 15

 Depository institution reserves:

16 Liab.: Monetary authority 26.1 25.2 26.9 31.2 29.8 27.5 25.2 26.5 21.4 21.8 16

17 Asset: U.S.-chartered depository institutions 26.1 25.2 26.9 30.6 29.2 26.7 23.9 24.8 20.4 20.5 17

18 Foreign banking offices in U.S. 0.0 0.0 0.0 0.6 0.6 0.7 1.3 1.7 1.0 1.3 18

19 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 Other transactions with the monetary authority

20 Liab: U.S.-chartered depository institutions 3.9 2.6 4.1 7.7 8.2 6.3 3.4 3.5 2.5 4.4 20

21 Asset: Monetary authority 3.9 2.6 4.1 7.7 8.2 6.3 3.4 3.5 2.5 4.4 21

22 Federal Reserve float 3.7 2.6 3.8 6.5 6.8 4.5 1.8 2.7 1.6 0.9 22

23 Loans to member banks 0.2 0.0 0.3 1.2 1.5 1.8 1.6 0.7 0.9 3.6 23

 Transactions with banks in foreign countries (net):

24 Liab.: U.S.-chartered depository institutions (net) -8.5 -15.5 -16.7 -15.5 -2.9 -23.1 -24.9 -11.7 -5.3 -11.1 24

25 Due to foreign affiliates 3.7 4.3 7.8 12.2 25.9 20.2 25.9 23.2 31.6 32.5 25

26 - Due from foreign affiliates 12.1 19.8 24.5 27.7 28.8 43.3 50.8 34.9 36.9 43.6 26

27 Foreign banking offices in U.S. (net) 6.6 9.5 12.0 15.8 21.5 22.7 -5.0 -14.9 -7.9 -1.6 27

28 Due to foreign affiliates 14.8 18.8 24.4 31.5 46.9 60.4 37.5 31.2 36.4 35.6 28

29 - Due from foreign affiliates 8.2 9.3 12.4 15.7 25.4 37.7 42.5 46.1 44.3 37.2 29

30 Less: Deposits at foreign banks 4.1 5.9 8.0 7.5 7.3 12.7 15.7 23.5 21.7 18.7 30

31 U.S.-chartered depository institutions 2.6 4.5 4.9 4.1 3.9 7.3 10.7 20.5 19.3 14.6 31

32 Foreign banking offices in U.S. 1.5 1.4 3.0 3.4 3.4 5.4 5.0 3.0 2.4 4.1 32

33 Asset: Rest of the world (1) -6.0 -11.8 -12.7 -7.2 11.4 -13.1 -45.6 -50.1 -34.8 -31.4 33

 Transactions between U.S. depository institutions (net) (2):

34 U.S.-chartered depository institutions (net) -6.5 -6.4 -10.1 -17.0 -23.3 -37.5 -53.5 -56.5 -62.7 -56.4 34

35 Due to (3): 8.9 11.5 12.4 17.9 25.4 26.2 23.7 15.9 4.2 5.9 35

36 Foreign banking offices in U.S. 12.0 15.5 21.7 27.1 36.1 40.5 40.9 33.7 32.1 28.9 36

37 Banks in U.S.-affiliated areas 0.9 0.7 1.3 1.6 2.4 2.8 2.9 3.4 3.6 4.1 37

38 Credit unions 5.1 4.9 5.9 4.5 5.8 8.3 8.7 16.3 18.4 17.6 38

39 - Due from: Foreign banking offices in U.S. 15.4 18.0 22.5 34.9 48.7 63.8 77.2 72.4 66.9 62.3 39

40 Unallocated (2) -9.1 -9.6 -16.5 -15.3 -18.9 -25.3 -28.9 -37.6 -49.8 -44.7 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.
84 FFA, 1975-1984, December 6, 2012

L.204 Checkable Deposits and Currency

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 331.1 356.2 386.3 419.0 455.8 477.5 505.6 543.3 582.8 629.7 1

 2 Monetary authority 82.6 93.2 98.0 104.3 112.5 121.5 132.4 142.5 155.5 165.8 2

 3 Federal government cash and deposits 7.8 10.9 7.5 4.4 4.6 3.5 4.7 5.5 4.1 5.8 3

 4 Due to government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Deposits due to foreign 0.5 0.6 0.6 0.7 0.8 0.5 0.7 0.4 0.5 0.4 5

 6 Currency outside banks 74.4 81.7 89.9 99.2 107.1 117.5 126.9 136.6 150.9 159.6 6

 7 U.S.-chartered depository institutions 237.7 249.4 271.5 295.0 321.4 333.2 355.8 383.2 407.9 444.6 7

 8 Federal government deposits 3.1 3.0 7.3 14.1 14.5 11.9 10.8 16.9 11.5 15.5 8

 9 Deposits due to foreign 10.2 11.9 13.5 13.5 17.0 16.9 13.9 11.6 13.0 16.0 9

10 Private domestic deposits 224.4 234.5 250.6 267.4 289.9 304.4 331.1 354.7 383.4 413.1 10

11 Foreign banking offices in U.S. 6.2 8.6 11.6 14.1 14.8 13.7 7.6 5.9 6.3 5.2 11

12 Deposits due to foreign 3.0 4.4 5.1 4.9 5.6 6.0 5.1 4.0 4.2 3.3 12

13 Private domestic deposits 3.2 4.2 6.5 9.2 9.2 7.7 2.5 1.9 2.1 1.9 13

14 Banks in U.S.-affiliated areas 4.4 4.7 4.5 4.6 5.7 5.8 5.9 6.0 5.1 4.6 14

15 Credit unions 0.1 0.3 0.6 1.1 1.5 3.3 3.9 5.7 8.0 9.5 15

16 Total assets 331.1 356.2 386.3 419.0 455.8 477.5 505.6 543.3 582.8 629.7 16

17 Household sector 158.7 169.2 184.2 200.7 220.5 238.1 284.4 303.9 313.6 327.0 17

18 Nonfinancial business 83.0 89.7 96.1 105.7 114.7 117.1 98.5 112.6 142.7 160.8 18

19 Corporate 58.7 63.4 67.2 73.5 79.6 79.2 58.2 68.6 90.2 103.3 19

20 Noncorporate 24.3 26.3 29.0 32.2 35.1 37.9 40.3 44.0 52.5 57.5 20

21 State and local governments 13.4 12.4 13.5 13.4 13.0 12.4 11.0 9.4 8.7 13.8 21

22 Federal government 11.2 15.0 14.6 18.7 19.2 16.2 17.4 24.5 16.4 21.8 22

23 Rest of the world 23.6 28.1 32.0 34.0 40.1 42.9 40.7 39.5 45.1 49.6 23

24 Checkable deposits 13.7 16.9 19.3 19.0 23.4 23.5 19.7 16.0 17.6 19.7 24

25 Currency 9.9 11.3 12.7 14.9 16.6 19.4 21.0 23.4 27.5 29.9 25

26 Financial sectors 12.3 13.0 14.0 15.5 17.4 18.2 18.0 19.9 18.7 20.6 26

27 Property-casualty insurance companies 1.7 1.9 2.2 2.6 2.9 2.9 3.0 3.0 2.6 3.1 27

28 Life insurance companies 1.9 2.0 2.1 2.4 2.7 3.2 4.3 4.6 4.0 4.6 28

29 Private pension funds 4.4 4.5 4.8 5.2 5.1 4.2 3.4 2.3 2.7 3.3 29

30 State and local govt. retirement funds 0.3 0.3 0.3 0.4 0.6 0.6 0.6 1.0 1.4 2.0 30

31 Money market mutual funds 0.0 0.0 0.0 0.1 0.1 0.2 -0.5 0.3 -0.3 -1.2 31

32 Government-sponsored enterprises 0.3 0.2 0.3 0.3 0.5 0.5 0.7 0.6 0.8 1.3 32

33 Finance companies 2.9 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.5 33

34 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Brokers and dealers 0.7 1.0 1.0 1.2 2.2 3.0 2.8 4.5 3.6 3.9 35

36 Mail float 29.0 28.8 31.9 31.1 31.0 32.7 35.7 33.5 37.5 36.0 36
FFA, 1975-1984, December 6, 2012 85

L.205 Time and Savings Deposits 

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 884.7 992.4 1116.2 1237.6 1327.6 1471.0 1590.9 1758.5 1949.2 2184.1 1

 2 Small time and savings deposits 726.5 848.0 943.2 1009.6 1070.2 1154.1 1212.3 1362.7 1564.6 1712.6 2

 3 U.S.-chartered depository institutions 691.7 807.4 894.5 953.6 1009.4 1089.8 1143.7 1285.7 1474.9 1611.2 3

 4 Foreign banking offices in U.S. 0.8 0.9 1.1 1.8 2.3 3.1 4.0 4.1 3.3 3.8 4

 5 Banks in U.S.-affiliated areas 1.0 1.0 1.5 2.3 2.8 3.2 4.4 4.5 5.4 5.4 5

 6 Credit unions 32.9 38.7 46.1 51.8 55.7 57.9 60.2 68.4 81.0 92.3 6

 7 Large time deposits (1) 158.3 144.4 173.0 228.1 257.4 316.9 378.6 395.8 384.6 471.4 7

 8 U.S.-chartered depository institutions 150.3 136.0 162.1 210.5 236.0 287.9 341.5 354.8 351.4 434.3 8

 9 Foreign banking offices in U.S. 7.0 7.4 9.4 15.1 18.3 25.3 32.1 35.8 27.1 31.0 9

10 Banks in U.S.-affiliated areas 1.0 1.0 1.5 2.3 2.8 3.2 4.4 4.5 5.4 5.4 10

11 Credit unions 0.0 0.0 0.0 0.1 0.3 0.5 0.6 0.7 0.7 0.8 11

12 Total assets 884.7 992.4 1116.2 1237.6 1327.6 1471.0 1590.9 1758.5 1949.2 2184.1 12

13 Household sector 762.2 860.8 963.0 1058.3 1126.1 1248.0 1319.5 1447.8 1644.7 1864.2 13

14 Nonfinancial business 32.2 38.3 47.6 53.7 61.7 69.3 80.7 91.7 101.7 104.2 14

15 Corporate 24.1 28.8 35.5 38.2 40.4 45.0 55.0 63.6 70.0 69.1 15

16 Noncorporate 8.1 9.5 12.1 15.5 21.3 24.2 25.7 28.1 31.7 35.1 16

17 State and local governments 46.9 49.1 55.8 62.9 60.8 58.8 61.1 64.9 58.6 58.9 17

18 Federal government 0.6 0.7 0.9 0.9 1.0 0.8 0.7 1.1 0.7 1.2 18

19 Rest of the world 22.6 20.7 21.0 23.5 25.9 26.9 29.2 39.5 25.8 30.5 19

20 Financial sectors 20.2 22.9 28.0 38.3 52.1 67.3 99.9 113.5 117.7 125.1 20

21 Private pension funds 14.5 16.6 19.6 23.7 27.9 31.8 36.5 49.4 61.0 68.0 21

22 State and local govt. retirement funds 1.2 1.1 1.4 2.4 3.5 3.7 3.8 6.0 8.8 12.0 22

23 Money market mutual funds 2.1 1.5 1.8 4.5 12.0 21.2 44.4 41.1 24.3 24.0 23

24 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Finance companies 1.0 1.0 1.1 1.1 1.1 1.2 1.2 1.2 1.3 1.2 25

26 Holding companies 1.5 2.6 4.1 6.7 7.6 9.4 14.0 15.7 22.4 19.9 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

 1 Total assets 3.7 3.7 3.9 10.8 45.2 76.4 186.3 219.9 179.5 232.2 1

 2 Household sector 3.7 3.4 3.2 8.9 39.5 64.4 154.6 186.7 149.9 193.0 2

 3 Nonfinancial corporate business 0.0 0.0 0.2 0.6 3.0 7.0 18.4 19.0 11.2 16.1 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 4

 5 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.4 4.8 6.3 7

 8 Life insurance companies 0.0 0.0 0.2 0.4 1.0 1.9 5.6 6.7 4.8 7.0 8

 9 Private pension funds 0.0 0.0 0.1 0.4 1.2 2.6 6.6 4.7 5.9 6.9 9

10 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 10

11 Funding corporations 0.0 0.3 0.2 0.5 0.6 0.6 1.1 1.4 2.9 3.0 11
86 FFA, 1975-1984, December 6, 2012

L.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 24.2 39.7 44.3 67.0 80.7 103.2 125.5 151.8 161.6 193.2 1

 2 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Private depository institutions (net) 27.0 40.3 50.3 74.2 90.4 111.9 125.8 127.4 153.2 167.7 3

 4 U.S.-chartered depository institutions (net) 27.0 40.3 50.3 74.2 90.4 112.6 128.2 130.6 154.0 169.1 4

 5 Foreign banking offices in U.S. (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.5 3.2 5

 6 Credit unions (net) 0.0 0.0 0.0 0.0 0.0 -0.7 -2.4 -3.2 -4.3 -4.6 6

 7 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Brokers and dealers (net) -2.8 -0.6 -6.0 -7.3 -9.6 -8.7 -0.3 24.3 8.4 25.5 10

11 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Total assets 8.9 12.5 13.3 21.7 37.6 50.9 58.0 72.1 84.6 123.9 12

13 Nonfinancial corporate business 1.2 1.5 2.1 2.5 3.1 3.9 1.8 2.4 3.2 3.9 13

14 State and local governments -2.1 -1.9 -2.0 2.2 11.8 17.0 13.7 16.1 32.7 53.1 14

15 Rest of the world (net) 0.5 0.4 0.3 2.4 4.1 4.4 4.4 6.0 6.7 6.8 15

16 Monetary authority 1.7 4.8 3.3 1.8 2.4 3.3 3.7 5.8 2.0 2.0 16

17 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Private pension funds 4.3 4.7 5.7 6.9 7.8 8.4 8.3 8.7 10.6 10.9 19

20 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 20

21 Money market mutual funds 0.1 0.1 0.3 0.3 2.4 5.6 14.5 16.2 13.0 22.6 21

22 Mutual funds 1.3 0.8 1.3 1.9 1.8 2.3 2.2 2.1 2.9 1.2 22

23 Government-sponsored enterprises (net) 1.8 2.1 2.2 3.6 4.2 6.0 9.5 14.9 12.6 20.9 23

24 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Discrepancy--unallocated assets 15.3 27.2 31.1 45.3 43.1 52.2 67.5 79.6 77.0 69.3 26
FFA, 1975-1984, December 6, 2012 87

L.208 Open Market Paper

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total outstanding, all types 66.6 74.8 89.8 107.5 145.0 163.8 215.1 226.8 253.8 305.7 1

 2 Commercial paper 47.7 52.0 63.9 82.2 110.9 121.6 161.1 161.8 183.5 231.7 2

 3 Nonfinancial corporate business 9.6 11.0 12.8 15.5 24.5 28.0 42.7 37.6 36.8 58.5 3

 4 Foreign issues in U.S. 0.6 1.3 1.8 2.9 4.6 7.0 10.8 15.1 21.5 27.7 4

 5 Nonfinancial 0.6 1.3 1.8 2.9 4.3 5.9 6.5 5.5 5.6 6.5 5

 6 Financial 0.0 0.0 0.0 0.0 0.3 1.1 4.3 9.5 15.9 21.2 6

 7 Financial business 37.5 39.7 49.2 63.9 81.8 86.6 107.6 109.2 125.2 145.5 7

 8 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 8

 9 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.5 9

10 Finance companies 28.0 31.3 39.6 47.4 60.7 47.6 57.2 51.4 60.5 73.1 10

11 REITs 0.8 0.6 0.5 0.6 0.8 0.5 0.6 0.4 0.4 0.6 11

12 Holding companies 8.7 7.9 9.1 15.8 20.4 25.9 33.0 34.6 38.0 44.1 12

13 Funding corporations 0.0 0.0 0.0 0.0 0.0 12.5 16.8 22.8 25.7 26.1 13

14 Bankers’ acceptances (1) 18.9 22.7 25.9 25.2 34.1 42.2 54.0 65.0 70.3 74.0 14

15 U.S.-chartered depository institutions 15.1 18.2 20.7 20.3 27.3 33.6 42.1 51.6 54.6 51.1 15

16 Foreign banking offices in U.S. 3.8 4.6 5.2 4.9 6.8 8.6 11.9 13.4 15.7 22.9 16

17 Holdings, by sector 66.6 74.8 89.8 107.5 145.0 163.8 215.1 226.8 253.8 305.7 17

18 Household sector 19.7 16.9 31.5 46.2 56.0 52.3 42.0 48.7 43.8 65.6 18

19 Nonfinancial corporate business 8.4 10.5 9.4 9.5 9.6 9.1 8.2 7.9 12.2 9.7 19

20 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Rest of the world 5.3 5.6 6.0 6.5 8.4 9.3 8.0 6.3 7.1 8.3 21

22 Monetary authority 0.7 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 U.S.-chartered depository institutions (1) 8.1 11.6 12.0 10.2 12.7 14.8 15.8 18.6 17.8 15.5 23

24 Foreign banking offices in U.S. (1) 2.1 2.5 2.6 3.6 4.0 4.8 5.8 5.1 1.7 0.9 24

25 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 25

26 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.1 2.0 6.9 9.0 26

27 Life insurance companies 4.8 5.2 4.9 6.3 8.0 10.1 17.6 21.7 25.2 29.3 27

28 Private pension funds 9.1 11.0 11.3 11.2 15.4 19.5 24.5 15.2 17.2 19.7 28

29 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 29

30 Money market mutual funds 0.5 0.9 1.1 3.7 19.3 31.6 70.4 69.1 66.2 97.3 30

31 Mutual funds 1.3 0.8 1.3 1.9 1.8 2.3 2.2 2.1 2.9 8.5 31

32 Government-sponsored enterprises 1.2 1.2 1.4 0.2 0.3 0.4 0.7 0.4 0.8 0.7 32

33 Brokers and dealers 4.0 7.2 6.7 5.8 7.2 6.8 11.6 16.4 11.6 17.3 33

34 Funding corporations 1.3 1.1 1.6 2.4 2.4 2.9 8.2 13.2 39.5 21.4 34

(1) Excludes banks’ holdings of own acceptances.
88 FFA, 1975-1984, December 6, 2012

L.209 Treasury Securities

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 434.9 503.7 560.9 614.9 652.1 730.0 815.9 978.1 1163.4 1360.8 1

 2 Savings bonds 67.4 72.0 76.8 80.7 79.9 72.5 68.2 68.3 71.5 74.5 2

 3 Treasury bills 157.5 164.0 161.1 161.7 172.6 216.1 245.0 311.8 343.8 374.4 3

 4 Other Treasury securities 210.1 267.7 323.1 372.4 399.5 441.4 502.7 597.9 748.1 911.9 4

 5 Total assets 434.9 503.7 560.9 614.9 652.1 730.0 815.9 978.1 1163.4 1360.8 5

 6 Household sector 111.8 102.7 104.5 110.3 155.9 173.9 168.8 185.1 230.7 277.7 6

 7 Savings bonds 67.4 72.0 76.8 80.7 79.9 72.5 68.2 68.3 71.5 74.5 7

 8 Bills and other Treasury securities 44.4 30.7 27.8 29.6 76.0 101.3 100.6 116.8 159.2 203.2 8

 9 Nonfinancial corporate business 14.3 21.5 16.6 15.1 13.5 13.7 18.7 21.0 30.1 36.5 9

10 Nonfinancial noncorporate business 1.3 1.5 2.4 3.2 2.8 2.6 3.3 3.2 6.0 5.5 10

11 State and local governments 27.8 40.2 61.4 83.7 85.5 93.3 108.3 126.3 149.2 166.0 11

12 Rest of the world 65.5 77.6 108.7 132.9 116.0 127.4 135.5 150.7 163.6 200.3 12

13 Treasury bills 37.4 40.7 48.9 68.2 48.6 57.6 55.3 55.6 68.7 76.4 13

14 Other Treasury securities 28.1 36.8 59.7 64.7 67.4 69.9 80.2 95.1 94.9 123.9 14

15 Monetary authority 86.7 93.3 100.9 109.5 116.3 119.3 127.7 135.6 150.6 159.2 15

16 Treasury bills 37.2 38.6 41.6 42.2 45.2 43.7 49.4 54.4 54.4 71.0 16

17 Other Treasury securities 49.5 54.7 59.4 67.3 71.0 75.6 78.4 81.2 96.1 88.2 17

18 U.S.-chartered depository institutions 94.1 115.9 115.2 106.4 104.4 121.1 123.0 145.8 204.6 214.9 18

19 Foreign banking offices in U.S. 0.6 1.2 1.2 1.5 2.0 2.5 2.9 3.8 5.4 4.8 19

20 Banks in U.S.-affiliated areas 0.4 0.5 0.7 0.6 0.7 0.8 0.8 0.9 1.1 1.1 20

21 Credit unions 1.2 1.3 1.4 0.7 0.6 0.9 1.0 1.3 2.7 3.7 21

22 Property-casualty insurance companies 4.7 7.3 9.8 10.5 10.7 12.2 13.5 14.7 19.4 26.0 22

23 Life insurance companies 4.7 5.4 5.3 4.8 4.9 5.8 8.2 16.5 28.6 41.2 23

24 Private pension funds 12.4 18.1 21.3 23.2 26.0 32.2 46.7 75.2 93.3 108.4 24

25 State and local govt. retirement funds 2.5 4.1 6.8 9.5 14.7 20.9 27.6 36.9 48.9 67.9 25

26 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Money market mutual funds 0.9 1.1 0.9 0.9 1.6 3.5 21.5 42.6 22.8 25.2 27

28 Mutual funds 1.1 1.1 1.8 1.6 1.5 1.9 2.8 5.1 4.1 6.6 28

29 Closed-end funds 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 29

30 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Government-sponsored enterprises 2.9 4.4 1.0 1.4 1.2 1.7 1.9 3.4 1.8 2.7 31

32 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Brokers and dealers 1.2 5.6 0.4 -1.6 -7.0 -4.7 3.0 9.2 -0.5 12.1 33

34 Holding companies 0.1 0.2 0.3 0.2 0.3 0.3 0.3 0.2 0.4 0.4 34

 Memo:

35 Federal government debt (1) 443.9 513.1 569.4 621.9 657.7 735.0 820.5 981.8 1167.0 1364.2 35

(1) Total Treasury securities (line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 11).
FFA, 1975-1984, December 6, 2012 89

L.210 Agency- and GSE-Backed Securities (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 115.2 130.3 152.6 187.9 235.2 278.3 323.5 387.2 454.9 529.4 1

 2 Budget agencies 7.9 8.3 7.6 6.2 4.9 4.4 4.1 3.4 3.3 3.2 2

 3 Government-sponsored enterprises 78.8 81.2 88.2 111.3 135.5 159.9 190.4 205.4 206.8 237.2 3

 4 Agency- and GSE-backed mortgage pools 28.5 40.7 56.8 70.4 94.8 114.0 129.0 178.5 244.8 289.0 4

 5 Total assets 115.2 130.3 152.6 187.9 235.2 278.3 323.5 387.2 454.9 529.4 5

 6 Household sector 7.6 11.7 8.4 9.9 12.5 18.6 14.2 13.4 14.5 27.7 6

 7 Nonfinancial corporate business 3.3 2.9 2.7 2.8 1.8 2.2 5.8 3.3 4.2 5.3 7

 8 State and local governments 18.2 20.4 26.7 39.5 59.4 59.7 69.1 70.2 70.1 74.6 8

 9 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Rest of the world 2.7 2.0 4.7 5.2 5.9 8.5 10.3 10.9 11.2 12.0 10

11 Monetary authority 6.1 6.8 8.0 7.9 8.2 8.7 9.1 8.9 8.6 8.4 11

12 U.S.-chartered depository institutions 57.9 62.8 70.8 83.3 95.7 115.7 132.9 168.4 205.2 220.8 12

13 Foreign banking offices in U.S. 0.3 0.3 0.2 0.4 0.4 0.4 0.6 0.6 0.6 0.6 13

14 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Credit unions 2.9 3.4 3.8 3.6 2.7 3.3 3.6 4.5 6.3 5.9 15

16 Property-casualty insurance companies 3.3 3.9 4.4 4.9 6.0 6.2 7.0 8.5 10.7 13.9 16

17 Life insurance companies 1.4 2.3 4.0 6.5 9.4 11.1 14.3 18.6 25.9 36.9 17

18 Private pension funds 5.5 6.1 8.5 8.7 12.6 18.3 20.2 32.0 38.9 44.6 18

19 State and local govt. retirement funds 5.3 6.8 9.6 14.0 15.4 19.1 24.3 34.3 39.3 43.3 19

20 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Money market mutual funds 0.0 0.0 0.0 0.6 4.0 4.8 10.4 12.0 13.4 16.9 21

22 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 5.4 22

23 Government-sponsored enterprises 0.4 0.5 0.1 0.2 0.6 0.8 1.0 0.9 0.5 0.7 23

24 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 8.8 24

25 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.6 25

26 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Holding companies 0.3 0.5 0.7 0.5 0.8 0.9 0.8 0.6 1.0 1.2 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.
90 FFA, 1975-1984, December 6, 2012

L.211 Municipal Securities and Loans

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 223.0 243.9 273.6 324.9 364.2 399.4 443.7 508.0 575.1 650.6 1

 2 State and local governments 213.6 230.0 248.1 289.1 315.6 336.8 363.2 404.0 450.2 495.0 2

 3 Short-term (1) 18.6 14.5 11.6 12.2 13.1 14.9 16.0 22.7 21.3 17.6 3

 4 Long-term 195.0 215.5 236.6 277.0 302.4 322.0 347.2 381.2 429.0 477.4 4

 5 Nonprofit organizations (2) 2.7 4.7 8.1 10.7 13.6 16.7 21.1 29.6 41.0 51.2 5

 6 Nonfinancial corporate business 6.7 9.2 17.4 25.0 35.0 45.9 59.3 74.5 83.9 104.4 6

 (industrial revenue bonds)

 7 Total assets 223.0 243.9 273.6 324.9 364.2 399.4 443.7 508.0 575.1 650.6 7

 8 Household sector 66.8 72.9 78.8 104.2 123.6 130.1 160.3 201.1 246.7 290.4 8

 9 Nonfinancial corporate business 4.8 4.2 4.4 4.6 4.5 9.4 10.6 12.2 18.3 22.5 9

10 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 State and local governments 5.0 7.3 7.9 7.2 6.8 7.0 7.1 7.4 8.0 9.0 11

12 Rest of the world 0.0 0.0 0.1 0.2 0.3 0.5 0.6 0.7 0.9 1.0 12

13 U.S.-chartered depository institutions 105.1 108.2 117.8 129.3 138.3 151.0 156.7 160.8 164.4 176.7 13

14 Foreign banking offices in U.S. 0.2 0.2 0.3 0.2 0.2 0.4 0.3 0.3 0.2 0.1 14

15 Banks in U.S.-affiliated areas 0.7 1.1 1.0 1.4 1.1 1.0 0.6 0.6 0.6 0.6 15

16 Property-casualty insurance companies 33.3 38.7 49.4 62.9 72.8 80.5 83.9 87.0 86.7 84.7 16

17 Life insurance companies 4.5 5.6 6.1 6.4 6.4 6.7 7.2 9.0 10.0 8.7 17

18 State and local govt. retirement funds 1.9 3.4 3.5 4.0 3.9 4.1 3.9 3.1 2.0 1.5 18

19 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 2.0 4.4 13.3 16.9 24.0 19

20 Mutual funds 0.0 0.5 2.2 2.7 4.0 4.4 5.1 8.0 13.4 19.1 20

21 Closed-end funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.2 23

24 Brokers and dealers 0.6 1.7 2.1 1.9 2.2 2.5 3.0 4.6 6.5 11.0 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).
FFA, 1975-1984, December 6, 2012 91

L.212 Corporate and Foreign Bonds

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 336.4 374.3 414.1 444.6 465.3 502.1 534.9 591.3 636.9 734.5 1

 2 Nonfinancial corporate business 253.8 276.6 299.5 320.6 337.9 365.6 390.3 421.0 447.0 495.1 2

 3 Rest of the world (1) 26.5 34.7 39.3 42.1 42.0 43.5 45.7 56.6 58.6 62.8 3

 4 Financial sectors 56.1 63.0 75.3 81.9 85.4 93.0 98.9 113.7 131.3 176.6 4

 5 U.S.-chartered depository institutions 4.5 5.3 7.0 7.9 9.5 10.0 9.4 10.4 10.5 16.0 5

 6 ABS issuers (net) (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 19.8 6

 7 Finance companies 40.4 44.0 52.1 57.2 59.6 65.5 68.9 77.0 81.0 90.5 7

 8 REITs 1.1 0.9 0.8 0.6 0.6 0.6 0.7 0.7 0.7 2.8 8

 9 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.1 9

10 Holding companies 10.0 12.8 15.4 16.2 15.8 16.9 19.9 25.6 35.5 45.4 10

11 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 1.0 11

12 Total assets 336.4 374.3 414.1 444.6 465.3 502.1 534.9 591.3 636.9 734.5 12

13 Household sector 64.3 74.3 79.8 73.6 66.6 59.0 60.0 53.0 57.0 44.7 13

14 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 5.0 14

15 Federal government 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 (2) 14.5 13.7 15.4 15.7 16.2 19.5 27.1 51.1 54.7 70.1 16

17 U.S.-chartered depository institutions 24.4 29.3 27.9 29.6 27.2 33.7 30.4 38.8 54.1 68.7 17

18 Foreign banking offices in U.S. 0.3 0.3 0.4 0.6 0.7 0.7 1.0 0.7 1.1 2.8 18

19 Banks in U.S.-affiliated areas 0.1 0.2 0.3 0.4 0.5 1.0 0.6 0.4 0.3 0.4 19

20 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Property-casualty insurance companies 12.2 16.1 19.8 21.6 23.6 23.6 26.3 25.8 21.6 25.7 21

22 Life insurance companies 105.5 122.4 141.2 158.5 170.1 178.8 186.1 202.3 219.1 242.8 22

23 Private pension funds 41.9 40.2 44.6 53.0 63.7 77.7 83.3 95.2 108.0 123.4 23

24 State and local govt. retirement funds 61.0 65.7 71.3 80.0 83.0 92.2 100.8 102.6 93.0 102.7 24

25 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.3 0.8 0.5 0.4 0.8 26

27 Mutual funds 5.6 6.0 7.0 6.4 7.2 8.5 10.1 10.2 13.0 14.2 27

28 Closed-end funds 2.4 2.6 2.1 2.3 2.4 2.4 2.3 2.8 2.6 2.2 28

29 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13.6 31

32 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Brokers and dealers 3.0 2.1 2.2 1.5 1.6 2.0 3.4 5.9 7.9 13.7 33

34 Holding companies 1.1 1.4 2.3 1.4 2.6 2.7 2.7 1.9 3.1 3.7 34

35 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

(1) Holdings of foreign issues by U.S. residents.

(2) Holdings of U.S. issues by foreign residents.

(3) Liabilities net of assets.
92 FFA, 1975-1984, December 6, 2012

L.213 Corporate Equities (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Issues at market value 839.4 1034.2 922.6 969.6 1147.3 1494.9 1382.0 1562.5 1856.0 1789.2 1

 2 Nonfinancial corporate business 754.8 927.3 819.1 856.2 1014.6 1346.3 1225.4 1386.3 1630.2 1553.3 2

 3 Rest of the world (2) 9.6 9.5 10.1 11.2 14.8 18.9 16.5 17.4 26.2 26.0 3

 4 Financial corporations 75.0 97.5 93.4 102.2 117.8 129.7 140.1 158.8 199.6 209.9 4

 5 Holdings at market value 839.4 1034.2 922.6 969.6 1147.3 1494.9 1382.0 1562.5 1856.0 1789.2 5

 6 Household sector 584.6 731.6 631.3 640.0 768.1 1010.4 905.2 966.3 1088.6 1008.7 6

 7 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Rest of the world (3) 33.4 47.0 44.8 48.0 55.3 74.7 74.7 88.3 109.6 107.0 9

10 Monetary authority 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 4.4 4.4 4.8 4.8 4.7 4.2 3.2 3.3 4.3 4.1 11

12 Foreign banking offices in U.S. 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.0 12

13 Property-casualty insurance companies 14.2 16.9 17.1 19.4 24.8 32.3 32.4 38.5 48.1 44.7 13

14 Life insurance companies 27.5 33.7 32.3 35.1 38.9 46.3 46.2 52.9 62.2 60.3 14

15 Private pension funds 108.0 125.5 123.6 150.3 175.4 232.0 227.5 294.4 364.8 374.6 15

16 State and local govt. retirement funds 24.3 30.1 30.0 33.3 37.1 44.3 47.8 60.2 89.6 96.5 16

17 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Mutual funds 33.7 37.3 31.9 31.7 35.4 42.4 37.4 49.4 74.4 80.6 18

19 Closed-end funds 5.8 6.0 4.7 5.1 4.9 4.9 4.2 4.1 4.3 3.7 19

20 Exchange-traded funds 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 3.4 1.5 1.8 1.9 2.6 3.3 3.5 4.9 10.0 8.9 21

22 Funding corporations 0.0 0.0 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) 801.8 995.8 883.8 927.1 1095.4 1431.2 1322.2 1494.1 1763.0 1701.7 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

 1 Shares at market value 43.0 46.5 45.5 46.1 51.8 61.8 59.8 76.9 112.1 135.6 1

 2 Holdings at market value 43.0 46.5 45.5 46.1 51.8 61.8 59.8 76.9 112.1 135.6 2

 3 Household sector 38.7 41.4 40.4 41.1 44.8 52.1 52.6 65.1 98.0 117.5 3

 4 Nonfinancial corporate business 0.9 1.0 0.8 0.6 1.1 1.5 1.6 3.1 4.5 7.2 4

 5 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 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 7

 8 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Life insurance companies 0.6 0.6 0.6 0.6 0.9 1.1 1.5 2.8 2.7 3.0 10

11 Private pension funds 2.8 3.5 3.7 3.7 5.1 7.1 4.1 5.8 6.9 7.9 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 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
FFA, 1975-1984, December 6, 2012 93

L.215 Depository Institution Loans Not Elsewhere Classified (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 261.8 269.3 297.7 353.8 406.8 454.9 509.0 532.5 570.0 630.0 1

 2 Household sector 26.3 28.9 28.7 24.9 21.6 24.4 28.7 30.6 31.8 17.4 2

 3 Corporate business 136.7 130.9 145.9 168.6 198.6 225.8 258.8 317.9 345.9 405.2 3

 4 Noncorporate business 56.7 62.1 70.4 86.0 101.7 104.6 116.0 109.4 111.6 129.3 4

 5 Rest of the world 21.6 28.4 31.4 49.9 53.0 64.8 67.8 33.8 37.4 30.8 5

 6 Foreign official institutions 2.0 2.9 2.9 5.2 7.3 11.9 12.6 5.4 8.5 7.6 6

 7 Foreign banks 9.3 13.5 16.2 25.7 21.6 26.3 21.8 15.1 14.2 11.0 7

 8 Other foreign 10.3 12.0 12.3 19.1 24.1 26.6 33.3 13.3 14.8 12.2 8

 9 Financial sectors 20.6 19.0 21.2 24.5 31.9 35.3 37.7 40.8 43.3 47.3 9

10 Finance companies 13.3 13.3 16.7 20.1 24.4 25.4 27.3 29.9 32.3 35.5 10

11 REITs 5.3 3.4 1.9 1.2 0.8 0.7 0.6 0.6 0.4 0.4 11

12 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Holding companies 2.0 2.3 2.6 3.3 6.6 9.3 9.8 10.3 10.6 11.4 13

14 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Total assets 261.8 269.3 297.7 353.8 406.8 454.9 509.0 532.5 570.0 630.0 15

16 Monetary authority (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 U.S.-chartered depository institutions 241.5 245.5 269.2 307.2 347.0 379.1 426.7 472.5 505.6 558.6 17

18 Foreign banking offices in U.S. 20.3 23.8 28.5 46.6 59.8 75.3 81.1 56.1 58.7 64.4 18

19 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.4 1.2 3.9 5.7 7.0 19

20 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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.
94 FFA, 1975-1984, December 6, 2012

L.216 Other Loans and Advances

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total other loans and advances 186.0 208.3 238.9 280.8 333.5 378.0 455.6 484.8 513.5 593.4 1

 2 U.S. government loans 65.3 73.1 78.8 91.6 105.7 122.2 141.6 155.2 163.5 180.0 2

 3 Liab.: Household sector 6.0 6.5 6.6 7.4 8.5 9.5 11.0 12.6 13.4 14.0 3

 4 Nonfinancial corporate business 4.0 4.2 4.3 6.2 7.6 9.3 10.8 12.1 11.6 12.9 4

 5 Nonfinancial noncorporate business 12.5 14.5 17.6 24.9 31.1 37.7 46.4 51.2 54.0 57.0 5

 6 State and local governments 5.8 7.8 8.0 6.5 6.7 7.6 8.8 9.8 10.9 18.6 6

 7 Rest of the world 35.4 38.9 41.8 45.7 50.4 55.5 60.0 64.5 68.6 72.5 7

 8 Government-sponsored enterprises 1.6 1.2 0.5 0.9 1.5 2.7 4.6 5.0 5.0 5.0 8

 9 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Foreign loans to U.S. corporate business 0.3 0.5 0.6 0.9 2.9 4.5 15.4 20.1 25.9 48.7 11

12 Liab.: Nonfinancial corporate business 0.3 0.5 0.6 0.9 2.9 4.5 15.4 20.1 25.9 48.7 12

 Customers’ liability on acceptances outstanding

13 Asset: U.S.-chartered depository institutions 15.0 18.0 20.5 20.1 26.1 32.0 40.2 47.2 51.8 48.9 13

14 Foreign banking offices in U.S. 3.7 4.5 5.1 4.8 6.3 7.8 10.9 11.6 13.9 20.5 14

15 Liab.: Nonfinancial corporate business 7.6 10.2 11.4 9.9 13.8 17.1 21.4 20.7 27.6 30.4 15

16 Rest of the world 11.1 12.4 14.2 15.0 18.6 22.7 29.6 38.2 38.0 39.0 16

17 Holding company loans 3.4 3.8 3.8 4.6 4.2 3.7 4.1 3.1 2.7 2.8 17

18 Liab.: Nonfinancial corporate business 3.4 3.8 3.8 4.6 4.2 3.7 4.1 3.1 2.7 2.8 18

19 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Policy loans (Household liability) 25.5 26.9 28.6 31.2 35.9 42.6 50.0 54.2 55.2 55.6 20

21 Asset: Federal government 1.1 1.1 1.1 1.1 1.1 1.2 1.3 1.2 1.2 1.1 21

22 Life insurance companies 24.5 25.8 27.6 30.1 34.8 41.4 48.7 53.0 54.1 54.5 22

23 Government-sponsored enterprise loans (1) 31.8 32.1 38.5 53.1 67.8 78.2 95.9 95.1 90.1 104.9 23

24 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 24

25 Nonfinancial corporate business (FCS) 0.6 0.7 0.8 1.0 1.2 1.4 1.5 1.5 1.4 1.3 25

26 Nonfinancial noncorporate business (FCS) 13.4 15.5 17.5 19.5 24.7 27.9 29.2 27.6 27.2 25.6 26

27 U.S.-chartered dep. inst. (FHLB & SLMA) 17.8 15.9 20.2 32.7 41.8 49.0 65.2 66.0 61.4 77.8 27

28 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Securitized loans held by ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Finance company loans to business 40.9 49.5 63.0 74.4 84.5 86.9 97.6 98.3 110.4 131.9 32

33 Liab.: Nonfinancial corporate business 36.8 44.5 56.7 67.0 76.1 78.3 87.8 88.5 99.3 118.7 33

34 Nonfinancial noncorporate business 4.1 4.9 6.3 7.4 8.5 8.7 9.8 9.8 11.0 13.2 34

35 Loans to nonfinancial corporate business (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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.
FFA, 1975-1984, December 6, 2012 95

L.217 Total Mortgages

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total mortgages 785.5 870.5 999.2 1150.6 1317.0 1457.8 1579.5 1661.3 1850.5 2091.5 1

 2 Home 473.9 535.0 627.7 738.2 855.7 957.9 1030.2 1070.2 1186.1 1321.1 2

 3 Multifamily residential 100.7 105.9 114.3 125.2 135.0 142.5 142.4 146.1 161.2 186.1 3

 4 Commercial 161.0 174.2 193.3 214.5 239.4 259.9 299.7 333.7 389.4 471.9 4

 5 Farm 49.9 55.4 63.9 72.8 86.8 97.5 107.2 111.3 113.7 112.4 5

 6 Total liabilities 785.5 870.5 999.2 1150.6 1317.0 1457.8 1579.5 1661.3 1850.5 2091.5 6

 7 Household sector 474.0 532.6 619.3 725.7 844.3 944.7 1017.3 1052.1 1144.7 1278.2 7

 8 Nonfinancial business 308.9 334.9 377.2 422.1 470.1 510.6 559.8 606.8 703.5 810.7 8

 9 Corporate 107.9 114.9 129.2 141.8 144.0 134.3 141.3 127.2 158.3 173.2 9

10 Noncorporate 201.0 220.0 248.0 280.4 326.1 376.3 418.5 479.6 545.3 637.5 10

11 Federal government 1.1 1.0 0.9 0.8 0.7 0.6 0.4 0.3 0.2 0.1 11

12 REITs 1.5 2.0 1.8 2.0 2.0 1.9 1.9 2.0 2.1 2.5 12

13 Total assets 785.5 870.5 999.2 1150.6 1317.0 1457.8 1579.5 1661.3 1850.5 2091.5 13

14 Household sector 50.4 52.8 55.3 62.4 71.6 87.2 101.4 110.9 111.2 102.5 14

15 Nonfinancial corporate business 9.7 10.4 13.6 15.5 18.8 27.4 35.9 38.2 40.0 51.4 15

16 Nonfinancial noncorporate business 3.3 4.2 5.5 8.1 11.0 12.2 20.3 25.0 29.3 39.3 16

17 State and local governments 12.8 14.1 14.6 17.1 23.6 33.4 41.0 46.3 54.2 64.4 17

18 Federal government 19.1 19.6 23.7 28.0 34.6 42.1 47.0 49.4 50.6 51.5 18

19 U.S.-chartered depository institutions 485.0 547.3 636.6 729.6 807.6 853.0 890.2 870.5 950.4 1084.0 19

20 Foreign banking offices in U.S. 0.2 0.1 0.1 0.1 0.9 2.2 3.9 5.0 5.2 5.6 20

21 Banks in U.S.-affiliated areas 1.7 1.7 1.8 1.6 1.7 1.8 2.3 2.1 1.8 1.9 21

22 Credit unions 2.0 2.5 2.8 2.5 3.1 4.6 3.7 2.7 4.4 7.5 22

23 Property-casualty insurance companies 0.2 0.3 0.4 0.4 0.7 1.0 1.3 1.6 2.3 2.7 23

24 Life insurance companies 89.2 91.6 96.8 106.2 118.4 131.1 137.7 142.0 151.0 156.7 24

25 Private pension funds 2.4 2.4 2.5 2.7 3.1 3.6 3.9 7.8 10.1 9.7 25

26 State and local govt. retirement funds 7.5 7.7 8.0 8.6 9.6 10.9 12.5 13.8 14.7 15.3 26

27 Government-sponsored enterprises (1) 53.5 56.4 59.9 72.2 86.6 100.8 113.4 127.5 137.9 150.1 27

28 Agency- and GSE-backed mortgage pools 28.5 40.7 56.8 70.4 94.8 114.0 129.0 178.5 244.8 289.0 28

29 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.0 29

30 Finance companies 12.9 14.2 17.3 22.2 28.0 29.9 33.2 37.3 40.0 45.4 30

31 REITs 7.1 4.6 3.4 3.1 2.9 2.7 2.6 2.8 2.7 3.5 31
96 FFA, 1975-1984, December 6, 2012

L.218 Home Mortgages (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 473.9 535.0 627.7 738.2 855.7 957.9 1030.2 1070.2 1186.1 1321.1 1

 2 Household sector 459.0 517.0 603.0 708.6 826.7 926.5 998.2 1031.1 1116.2 1242.8 2

 3 Nonfinancial corporate business 3.0 3.6 4.9 5.9 5.8 5.9 5.6 5.8 7.2 8.4 3

 4 Nonfinancial noncorporate business 11.9 14.4 19.8 23.7 23.2 25.5 26.4 33.2 62.7 69.8 4

 5 Total assets 473.9 535.0 627.7 738.2 855.7 957.9 1030.2 1070.2 1186.1 1321.1 5

 6 Household sector 19.0 21.3 22.3 27.8 34.1 48.6 65.7 77.1 71.8 68.1 6

 7 Nonfinancial corporate business 5.7 4.8 6.0 6.5 7.7 15.1 9.1 3.8 5.9 1.4 7

 8 Nonfinancial noncorporate business 0.9 1.3 1.7 2.6 3.3 3.7 6.5 8.5 10.0 13.3 8

 9 State and local governments 4.2 5.0 5.2 7.2 11.8 19.7 25.6 28.6 33.7 39.2 9

10 Federal government 9.7 8.9 11.4 13.3 15.6 18.3 20.7 22.1 22.9 23.5 10

11 U.S.-chartered depository institutions 345.1 392.3 463.0 536.7 598.7 636.3 661.4 625.9 661.5 723.8 11

12 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 12

13 Banks in U.S.-affiliated areas 0.8 0.9 0.9 1.0 1.1 1.2 1.2 1.0 1.1 1.2 13

14 Credit unions 2.0 2.5 2.8 2.5 3.1 4.6 3.7 2.7 4.4 7.5 14

15 Life insurance companies 17.6 16.1 14.7 14.4 16.1 17.9 17.2 16.8 15.3 14.1 15

16 Private pension funds 0.7 0.6 0.6 0.9 1.2 1.4 1.5 3.3 2.8 3.7 16

17 State and local govt. retirement funds 2.9 2.8 2.9 2.8 3.1 3.5 3.8 3.9 3.9 3.8 17

18 Government-sponsored enterprises 30.9 31.4 31.9 40.9 50.1 57.8 64.0 74.3 83.7 94.4 18

19 Agency- and GSE-backed mortgage pools 25.3 37.3 53.0 65.4 88.4 107.1 125.0 174.3 239.4 283.0 19

20 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.0 20

21 Finance companies 8.5 9.1 10.8 15.9 21.1 22.3 24.4 27.6 29.5 32.8 21

22 REITs 0.7 0.6 0.4 0.4 0.3 0.3 0.3 0.3 0.2 0.2 22

 Memo:

23 Home equity loans included above (2) ND ND ND ND ND ND ND ND ND ND 23

24 U.S.-chartered depository institutions ND ND ND ND ND ND ND ND ND ND 24

25 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 25

26 Credit unions ND ND ND ND ND ND ND ND ND ND 26

27 ABS issuers ND ND ND ND ND ND ND ND ND ND 27

28 Finance companies 2.7 2.9 4.2 6.6 9.1 11.3 13.3 14.2 15.2 17.1 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

 1 Total liabilities 100.7 105.9 114.3 125.2 135.0 142.5 142.4 146.1 161.2 186.1 1

 2 Nonfinancial corporate business 5.0 5.2 5.6 6.2 6.7 7.1 7.1 7.3 8.0 9.3 2

 3 Nonfinancial noncorporate business 94.2 99.0 107.2 117.5 127.1 134.3 134.2 137.9 152.3 175.9 3

 4 Federal government 1.1 1.0 0.9 0.8 0.7 0.6 0.4 0.3 0.2 0.1 4

 5 REITs 0.5 0.7 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.8 5

 6 Total assets 100.7 105.9 114.3 125.2 135.0 142.5 142.4 146.1 161.2 186.1 6

 7 Household sector 4.8 3.9 3.3 2.7 2.3 1.9 1.1 2.1 5.7 5.4 7

 8 Nonfinancial corporate business 2.9 4.3 5.9 7.7 9.5 10.5 9.3 7.6 5.4 6.0 8

 9 Nonfinancial noncorporate business 0.5 0.7 1.0 1.6 2.1 2.3 4.0 5.0 6.1 8.1 9

10 State and local governments 6.9 7.2 7.5 7.9 9.2 10.7 11.9 13.3 15.7 20.2 10

11 Federal government 6.0 6.2 6.5 7.5 8.6 10.4 11.4 11.1 10.7 10.1 11

12 U.S.-chartered depository institutions 45.3 50.7 56.8 62.2 65.3 67.0 68.5 69.9 78.7 94.8 12

13 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 13

14 Life insurance companies 19.6 19.2 18.8 19.0 19.2 19.5 19.3 18.9 19.1 18.9 14

15 Private pension funds 0.5 0.6 0.6 0.5 0.5 0.3 0.3 0.4 0.4 0.7 15

16 State and local govt. retirement funds 2.4 2.3 2.2 2.7 3.3 3.8 4.7 5.4 6.0 6.0 16

17 Government-sponsored enterprises 6.4 6.4 6.4 6.4 6.6 6.7 5.5 5.4 5.3 6.5 17

18 Agency- and GSE-backed mortgage pools 1.2 1.7 2.6 4.1 5.3 6.0 3.2 3.6 4.8 5.5 18

19 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Finance companies 1.7 1.4 1.7 2.0 2.2 2.4 2.4 2.6 2.3 2.5 20

21 REITs 2.6 1.5 1.1 0.9 0.9 0.8 0.8 0.9 0.9 1.3 21
FFA, 1975-1984, December 6, 2012 97

L.220 Commercial Mortgages

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 161.0 174.2 193.3 214.5 239.4 259.9 299.7 333.7 389.4 471.9 1

 2 Household sector 15.0 15.6 16.3 17.2 17.6 18.3 19.1 20.9 28.4 35.4 2

 3 Nonfinancial corporate business 97.0 102.6 114.5 124.8 125.5 114.5 120.9 106.0 134.7 147.3 3

 4 Nonfinancial noncorporate business 48.0 54.7 61.3 71.3 95.1 125.9 158.4 205.4 224.9 287.6 4

 5 REITs 1.0 1.3 1.2 1.3 1.3 1.3 1.3 1.4 1.4 1.7 5

 6 Total assets 161.0 174.2 193.3 214.5 239.4 259.9 299.7 333.7 389.4 471.9 6

 7 Household sector 10.0 9.4 8.8 8.4 7.2 7.0 3.5 0.6 2.5 1.2 7

 8 Nonfinancial corporate business 1.0 1.3 1.6 1.4 1.6 1.8 17.5 26.9 28.7 44.0 8

 9 Nonfinancial noncorporate business 1.8 2.1 2.7 3.9 5.5 6.1 9.6 11.1 12.9 17.3 9

10 State and local governments 1.2 1.2 1.3 1.3 1.5 1.7 2.2 3.1 3.4 3.7 10

11 Federal government 2.1 2.5 3.1 3.7 4.5 5.7 6.7 7.4 7.8 8.1 11

12 U.S.-chartered depository institutions 88.3 97.5 109.0 122.1 135.0 141.1 151.9 166.2 200.6 254.8 12

13 Foreign banking offices in U.S. 0.2 0.1 0.1 0.1 0.9 2.2 3.9 5.0 5.2 5.6 13

14 Banks in U.S.-affiliated areas 0.9 0.8 0.9 0.6 0.6 0.6 1.1 1.1 0.7 0.7 14

15 Property-casualty insurance companies 0.2 0.3 0.4 0.4 0.7 1.0 1.3 1.6 2.3 2.7 15

16 Life insurance companies 45.2 48.9 54.4 62.2 70.9 80.7 88.2 93.5 103.8 111.2 16

17 Private pension funds 1.2 1.2 1.3 1.4 1.4 1.8 2.1 4.1 6.9 5.3 17

18 State and local govt. retirement funds 2.3 2.6 2.9 3.0 3.2 3.5 3.9 4.5 4.8 5.4 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 19

20 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Finance companies 2.7 3.7 4.8 4.4 4.7 5.2 6.3 7.1 8.2 10.1 21

22 REITs 3.8 2.6 1.9 1.7 1.7 1.6 1.6 1.6 1.5 1.9 22

L.221 Farm Mortgages (1)

Billions of dollars

 1 Total liabilities 49.9 55.4 63.9 72.8 86.8 97.5 107.2 111.3 113.7 112.4 1

 2 Nonfinancial corporate business 3.0 3.5 4.2 4.9 6.0 6.9 7.8 8.2 8.4 8.2 2

 3 Nonfinancial noncorporate business 46.8 51.9 59.8 67.9 80.7 90.6 99.5 103.1 105.3 104.2 3

 4 Total assets 49.9 55.4 63.9 72.8 86.8 97.5 107.2 111.3 113.7 112.4 4

 5 Household sector 16.6 18.2 20.9 23.4 28.0 29.7 31.1 31.1 31.1 27.9 5

 6 Nonfinancial noncorporate business 0.0 0.0 0.1 0.1 0.1 0.1 0.3 0.4 0.3 0.6 6

 7 State and local governments 0.5 0.7 0.7 0.8 1.0 1.2 1.4 1.4 1.3 1.4 7

 8 Federal government 1.3 1.9 2.8 3.6 5.9 7.7 8.3 8.8 9.2 9.8 8

 9 U.S.-chartered depository institutions 6.4 6.8 7.8 8.5 8.6 8.6 8.4 8.5 9.5 10.6 9

10 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 10

11 Life insurance companies 6.8 7.4 8.9 10.5 12.1 13.0 13.1 12.8 12.7 12.5 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 12

13 Government-sponsored enterprises 16.1 18.6 21.6 24.9 29.9 36.3 43.9 47.8 48.9 49.2 13

14 Agency- and GSE-backed mortgage pools 2.0 1.8 1.2 1.0 1.0 0.9 0.7 0.6 0.5 0.5 14

(1) Excludes mortgages on farm houses.
98 FFA, 1975-1984, December 6, 2012

L.222 Consumer Credit

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities (Households) 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 1

 2 Total assets 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 2

 3 Nonfinancial corporate business 21.2 23.5 24.4 26.5 28.3 29.4 30.3 30.8 35.4 38.4 3

 4 Nonfinancial noncorporate business 2.7 2.5 2.0 1.5 0.9 0.2 0.0 0.0 0.0 0.0 4

 5 Federal government (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 U.S.-chartered depository institutions 116.2 128.9 152.1 179.6 205.7 202.9 208.2 217.5 245.2 303.1 6

 7 Credit unions 25.7 31.2 37.6 45.2 47.4 44.1 46.7 48.8 56.1 67.9 7

 8 Government-sponsored enterprises 0.0 0.0 0.5 0.9 1.5 2.6 4.8 6.4 4.6 5.6 8

 9 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Finance companies 41.3 42.9 48.4 57.7 70.8 78.9 87.8 93.2 103.7 111.7 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

 1 Total trade payables 278.0 310.5 354.5 418.0 492.6 542.6 582.8 605.5 629.1 686.4 1

 2 Household sector 10.6 10.7 11.1 11.9 12.6 13.8 14.8 15.6 18.0 21.2 2

 3 Nonfinancial corporate business 176.9 195.8 227.8 272.8 328.5 357.8 384.8 395.6 403.4 438.0 3

 4 Nonfinancial noncorporate business 28.4 31.4 35.0 38.6 46.9 52.6 58.6 63.1 63.0 67.8 4

 5 State and local governments 37.1 41.1 45.3 49.9 55.2 61.0 67.3 73.9 80.9 88.7 5

 6 Federal government 11.8 17.9 21.1 25.5 27.8 30.1 30.6 35.4 40.4 47.5 6

 7 Rest of the world 12.2 12.5 13.0 18.0 20.3 25.7 24.6 19.4 18.3 17.7 7

 8 Brokers and dealers 1.0 1.0 1.1 1.2 1.3 1.7 2.1 2.6 5.1 5.5 8

 9 Total trade receivables 329.2 369.9 422.8 501.3 587.4 656.8 711.5 723.3 795.0 882.1 9

10 Nonfinancial corporate business 271.4 302.4 346.4 407.3 479.7 529.4 574.1 569.1 626.5 694.1 10

11 Nonfinancial noncorporate business 14.6 15.8 20.0 26.0 30.2 32.5 37.0 45.0 52.4 59.3 11

12 State and local governments 15.2 16.9 19.3 22.6 26.5 29.2 31.6 32.9 34.4 37.5 12

13 Federal government 6.5 6.9 6.2 8.9 11.3 15.1 17.6 22.4 26.2 31.3 13

14 Rest of the world 13.8 18.9 20.8 24.9 26.2 35.0 33.1 33.6 32.6 33.4 14

15 Property-casualty insurance companies 7.7 8.9 10.2 11.7 13.6 15.6 18.1 20.2 22.2 25.0 15

16 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.5 16

17 Discrepancy -51.2 -59.4 -68.3 -83.4 -94.8 -114.1 -128.7 -117.8 -165.9 -195.7 17

L.224 Security Credit

Billions of dollars

 1 Total liabilities 28.5 39.9 44.2 46.7 48.0 61.9 64.0 69.8 83.4 87.9 1

 2 Household sector 8.3 12.5 14.5 17.1 17.5 24.7 23.0 25.8 34.2 31.8 2

 3 Rest of the world 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 19.9 27.4 29.6 29.5 30.5 37.2 40.9 44.1 49.2 56.0 4

 5 Customer credit balances (HH) 4.8 5.7 5.7 8.5 10.4 16.2 14.7 17.8 20.6 21.6 5

 6 From U.S.-chartered depository institutions 14.6 20.8 22.6 19.6 18.8 19.9 24.6 25.1 27.0 31.7 6

 7 From foreign banking offices in U.S. 0.4 0.9 1.3 1.4 1.4 1.0 1.6 1.2 1.6 2.8 7

 8 Total assets 28.5 39.9 44.2 46.7 48.0 61.9 64.0 69.8 83.4 87.9 8

 9 Household sector 4.5 5.7 5.7 8.5 10.4 16.2 14.7 17.8 20.6 21.6 9

10 Rest of the world 0.4 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 14.6 20.8 22.6 19.6 18.8 19.9 24.6 25.1 27.0 31.7 11

12 Foreign banking offices in U.S. 0.4 0.9 1.3 1.4 1.4 1.0 1.6 1.2 1.6 2.8 12

13 Brokers and dealers 8.6 12.5 14.5 17.1 17.5 24.7 23.0 25.8 34.2 31.8 13
FFA, 1975-1984, December 6, 2012 99

L.225 Life Insurance and Pension Fund Reserves

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Life insurance reserves:

 1 Total liabilities 168.6 177.8 187.8 199.4 210.3 220.6 230.1 238.0 246.7 252.8 1

 2 Federal government 10.2 10.8 11.4 12.1 12.6 13.2 13.8 14.7 15.6 16.7 2

 3 Life insurance companies 158.5 167.1 176.4 187.3 197.7 207.4 216.3 223.3 231.1 236.1 3

 4 Net change in assets 168.6 177.8 187.8 199.4 210.3 220.6 230.1 238.0 246.7 252.8 4

 5 Households 168.6 177.8 187.8 199.4 210.3 220.6 230.1 238.0 246.7 252.8 5

 6 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 6

 7 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 Pension fund reserves:

 8 Total liabilities 467.0 534.5 589.9 691.4 801.1 969.7 1063.5 1289.1 1535.8 1707.5 8

 9 Life insurance companies 72.3 88.7 103.2 121.6 143.5 172.0 199.8 242.9 281.7 328.3 9

10 Private pension funds (1) 248.4 279.7 302.1 357.0 420.9 523.7 553.9 687.3 838.3 897.8 10

11 State and local govt. retirement funds 104.2 119.5 131.3 152.5 168.4 196.8 222.6 259.6 302.0 349.0 11

12 Federal government retirement funds (2) 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 12

13 Total assets (Households) (3) 467.0 534.5 589.9 691.4 801.1 969.7 1063.5 1289.1 1535.8 1707.5 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

 1 Total taxes payable by all businesses 31.3 38.5 41.9 48.8 58.8 64.4 58.1 55.7 60.4 68.1 1

 2 Nonfinancial corporate business 22.3 27.8 29.1 34.1 41.0 43.9 39.9 35.6 38.6 42.2 2

 3 Nonfinancial noncorporate business 6.6 7.8 8.9 10.0 12.8 15.3 13.7 15.2 17.1 18.2 3

 4 U.S.-chartered depository institutions 1.0 1.2 1.6 1.9 2.2 1.7 1.4 1.3 1.3 4.4 4

 5 Property-casualty insurance companies 0.3 0.4 0.5 0.6 0.6 0.7 0.7 0.8 0.7 0.8 5

 6 Life insurance companies 0.7 0.9 1.3 1.6 1.6 2.0 1.9 2.1 2.0 2.1 6

 7 Finance companies 0.3 0.3 0.4 0.5 0.4 0.3 0.2 0.1 0.1 0.1 7

 8 Brokers and dealers 0.1 0.2 0.1 0.2 0.2 0.5 0.3 0.6 0.5 0.4 8

 9 Total business taxes receivable 14.2 20.2 21.3 26.4 31.4 31.7 19.3 19.1 23.9 30.7 9

10 State and local governments 9.2 10.6 12.3 13.6 16.5 19.5 17.6 19.1 21.8 22.8 10

11 Federal government 5.0 9.6 9.0 12.7 14.9 12.2 1.7 0.0 2.1 7.9 11

12 Discrepancy 17.2 18.3 20.6 22.5 27.4 32.7 38.8 36.6 36.5 37.4 12

L.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household equity 1126.1 1255.5 1418.2 1648.5 1913.5 2154.3 2312.2 2357.4 2421.3 2425.1 1

 2 Nonfinancial noncorporate business 1124.0 1253.6 1416.4 1646.5 1910.8 2152.4 2310.2 2354.9 2418.2 2422.1 2

 3 Brokers and dealers 2.1 1.9 1.7 2.0 2.7 1.9 1.9 2.5 3.1 3.1 3
100 FFA, 1975-1984, December 6, 2012

L.228 Total Miscellaneous Financial Claims

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 751.4 931.7 1041.2 1232.2 1468.5 1715.3 1989.2 2144.8 2307.3 2475.7 1

 2 Household sector 7.7 8.4 9.3 10.3 11.7 12.9 14.7 15.5 16.1 15.1 2

 3 Nonfinancial corporate business 325.8 365.7 403.6 473.6 585.2 708.5 849.5 913.4 942.4 1012.3 3

 4 Nonfinancial noncorporate business 26.6 27.9 27.9 31.3 38.8 47.9 47.8 77.1 90.5 100.8 4

 5 Federal government 43.2 47.3 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 5

 6 Rest of the world 133.5 235.5 258.5 304.3 359.9 408.4 439.9 478.0 459.9 452.4 6

 7 Monetary authority 2.9 3.0 3.1 4.1 4.8 3.8 4.4 4.4 4.2 4.8 7

 8 U.S.-chartered depository institutions 84.5 90.8 108.6 131.5 146.3 156.2 170.1 162.7 208.7 255.1 8

 9 Foreign banking offices in U.S. 2.8 2.4 3.2 5.9 5.6 9.7 43.1 31.1 32.1 32.1 9

10 Banks in U.S.-affiliated areas 0.7 0.6 1.1 1.3 2.2 4.7 5.6 5.6 8.3 8.4 10

11 Credit unions 0.9 0.9 1.5 1.5 1.6 3.1 3.2 2.3 2.3 2.9 11

12 Property-casualty insurance companies 59.4 69.9 82.6 96.9 112.4 127.0 138.8 150.1 163.0 177.2 12

13 Life insurance companies 35.5 39.4 44.0 48.8 54.1 57.1 64.9 71.7 81.0 95.6 13

14 Government-sponsored enterprises 10.6 12.6 13.9 18.5 24.2 27.7 32.4 38.0 37.8 48.0 14

15 Finance companies 13.9 17.8 19.8 30.5 40.9 57.5 67.1 74.5 84.1 91.1 15

16 REITs 0.1 0.2 0.1 0.3 0.3 0.3 0.3 0.3 0.3 0.5 16

17 Brokers and dealers -0.5 2.4 1.7 5.0 6.1 8.5 9.5 3.3 16.5 19.6 17

18 Holding companies 2.4 5.5 7.3 5.2 3.4 1.5 1.5 2.9 4.0 3.2 18

19 Funding corporations 1.3 1.4 1.8 2.9 3.0 3.4 9.3 14.6 42.4 24.4 19

20 Total assets 662.8 759.3 854.5 1005.8 1162.3 1377.1 1631.8 1816.1 2040.9 2362.3 20

21 Household sector 44.0 49.9 57.3 64.4 72.3 79.4 87.4 96.1 112.5 115.4 21

22 Nonfinancial corporate business 353.7 390.6 436.6 495.2 585.8 679.5 809.1 901.6 968.5 1132.1 22

23 Nonfinancial noncorporate business 28.8 33.5 39.5 45.8 52.3 57.6 73.3 66.4 68.7 70.5 23

24 State and local governments 0.1 0.1 -0.0 0.1 0.2 0.1 0.2 0.2 0.3 1.7 24

25 Federal government 7.7 6.1 6.8 7.5 8.5 10.1 10.9 12.4 13.1 14.4 25

26 Rest of the world 26.5 56.7 58.4 81.0 101.2 143.3 181.9 182.4 237.4 266.1 26

27 Monetary authority 3.2 3.0 2.4 2.9 3.0 3.5 4.0 3.9 4.9 8.5 27

28 U.S.-chartered depository institutions 31.8 33.1 40.5 56.6 51.0 62.8 71.4 93.7 102.7 173.5 28

29 Foreign banking offices in U.S. 0.2 -0.2 -0.8 0.6 -0.1 2.1 11.9 21.6 19.1 17.9 29

30 Banks in U.S.-affiliated areas 2.6 2.5 2.5 3.6 4.8 6.6 9.5 6.3 8.0 5.2 30

31 Credit unions -0.7 -0.9 -1.0 0.6 2.3 5.7 4.7 4.2 4.2 3.5 31

32 Property-casualty insurance companies 3.0 4.0 5.2 5.9 6.8 7.8 8.9 9.5 9.9 9.9 32

33 Life insurance companies 15.0 16.5 18.8 21.0 23.9 26.6 30.3 37.3 45.3 52.2 33

34 Private pension funds 39.1 42.6 51.5 62.4 69.9 75.4 74.3 78.3 95.5 98.6 34

35 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.3 0.5 0.4 35

36 Federal government retirement funds 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 36

37 Money market mutual funds -0.1 -0.1 -0.2 0.3 0.7 0.6 1.6 1.0 0.8 1.7 37

38 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Government-sponsored enterprises 1.5 1.0 2.0 2.4 2.9 4.1 4.7 5.7 6.7 9.5 39

40 Finance companies 7.6 6.9 7.5 9.9 12.5 12.5 14.3 16.7 17.2 1.8 40

41 REITs 0.1 0.0 0.1 0.2 0.4 0.5 0.5 0.6 0.8 1.5 41

42 Brokers and dealers 0.0 2.5 1.3 4.7 6.5 7.8 9.5 11.9 17.1 19.6 42

43 Holding companies 56.6 64.9 73.0 80.5 89.2 101.4 119.3 144.0 167.8 198.9 43

44 Funding corporations 0.0 0.0 0.0 0.0 0.0 12.5 16.8 22.8 25.9 27.1 44

45 Discrepancy 88.6 172.4 186.7 226.3 306.2 338.2 357.4 328.7 266.4 113.4 45
FFA, 1975-1984, December 6, 2012 101

L.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 149.5 222.3 248.3 287.5 340.6 396.1 421.8 406.6 393.2 389.5 1

 2 Asset: Nonfinancial corporate business 141.0 212.0 235.7 272.9 323.6 376.1 398.2 380.6 365.2 359.8 2

 3 U.S.-chartered depository institutions 2.6 3.3 4.2 5.2 6.5 8.1 10.1 11.4 12.6 13.8 3

 4 Property-casualty insurance companies 3.0 4.0 5.2 5.9 6.8 7.8 8.9 9.5 9.9 9.9 4

 5 Life insurance companies 0.8 0.9 1.0 1.1 1.3 1.5 1.7 1.7 1.7 1.9 5

 6 Finance companies 1.0 1.0 1.1 1.2 1.5 1.7 2.0 2.4 2.9 3.4 6

 7 Brokers and dealers 1.1 1.2 1.2 1.1 1.0 0.9 0.8 1.0 0.8 0.7 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 21.5 43.0 50.2 62.9 79.7 111.4 144.9 161.3 167.6 191.6 8

 9 Nonfinancial noncorporate business 0.6 0.6 0.6 0.8 1.3 3.7 4.9 5.6 6.4 7.1 9

10 Foreign banking offices in U.S. 0.9 1.0 1.2 1.4 2.0 4.6 6.6 7.8 8.7 10.3 10

11 Property-casualty insurance companies 0.9 1.1 1.3 1.5 2.2 3.3 3.5 4.0 4.7 4.0 11

12 Life insurance companies 0.8 1.0 1.1 1.3 1.9 2.8 3.6 3.9 4.0 4.9 12

13 Finance companies 0.1 0.1 0.1 0.1 0.1 0.4 0.0 0.4 0.0 1.9 13

14 Brokers and dealers 0.6 0.8 1.0 1.0 1.3 0.9 1.1 1.8 2.3 3.7 14

15 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Asset: Rest of the world 25.2 47.5 55.4 69.0 88.6 127.1 164.6 184.8 193.7 223.5 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 4.1 5.2 6.0 6.6 7.5 8.3 9.3 10.6 11.3 12.4 17

18 Asset: Federal government 4.1 5.2 6.0 6.6 7.5 8.3 9.3 10.6 11.3 12.4 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 0.9 1.0 1.0 1.1 1.1 1.2 1.3 1.4 1.5 1.6 19

20 Asset: U.S.-chartered depository institutions 0.9 1.0 1.0 1.1 1.1 1.2 1.3 1.4 1.5 1.6 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 4.4 4.9 5.6 6.8 8.3 9.0 10.4 11.2 11.5 12.3 21

22 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.3 0.3 0.3 22

23 Nonfinancial noncorporate (FCS) 1.6 1.9 2.1 2.5 3.0 3.6 4.3 4.7 4.7 4.8 23

24 Federal government 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) 2.7 2.9 3.3 4.1 5.1 5.2 5.8 6.3 6.4 7.2 25

26 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 Holding company net transactions with subsidiaries:

28 Liab.: U.S.-chartered depository institutions 35.5 40.0 46.4 52.2 58.5 63.2 75.8 89.8 102.1 120.4 28

29 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Finance companies 9.9 13.2 13.7 16.9 19.3 21.4 12.5 18.7 22.8 31.1 31

32 Brokers and dealers 5.1 5.9 7.2 6.7 7.8 11.3 18.9 20.8 24.6 27.2 32

33 Rest of the world 3.5 3.6 3.7 2.7 1.9 4.0 10.2 12.3 15.5 16.1 33

34 Asset: Holding companies 54.0 62.8 71.0 78.6 87.4 100.0 117.4 141.6 164.9 194.7 34

 NFC investment in finance company subsidiaries:

35 Liab.: Finance companies 2.0 3.0 4.0 5.3 6.4 7.5 8.6 9.7 10.8 11.9 35

36 Asset: Nonfinancial corporate business 2.0 3.0 4.0 5.3 6.4 7.5 8.6 9.7 10.8 11.9 36

 Funding corporations’ investment in subsidiaries:

37 Liab.: Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 3.9 12.6 17.1 19.3 19.6 37

38 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 8.6 4.2 5.7 6.7 7.5 38

39 Asset: Funding corporations 0.0 0.0 0.0 0.0 0.0 12.5 16.8 22.8 25.9 27.1 39

 Equity investment under Public-Private Inv. Program:

40 Liab.: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Asset: Households (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

42 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
102 FFA, 1975-1984, December 6, 2012

L.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 3.6 0.9 0.8 0.9 0.9 1.8 1.6 1.8 1.8 2.1 1

 2 Asset: Federal government 3.6 0.9 0.8 0.9 0.9 1.8 1.6 1.8 1.8 2.1 2

 3 Monetary authority (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 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 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 2.7 3.9 4.1 6.2 9.3 10.1 11.9 14.7 11.8 18.9 6

 7 Asset: U.S.-chartered depository institutions 2.7 3.9 4.1 6.2 9.3 10.1 11.9 14.7 11.8 18.9 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 7.7 8.4 9.3 10.3 11.7 12.9 14.7 15.5 16.1 15.1 8

 9 Asset: Life insurance companies 7.7 8.4 9.3 10.3 11.7 12.9 14.7 15.5 16.1 15.1 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 23.4 25.8 29.0 32.2 35.2 37.3 40.6 44.5 48.6 52.8 10

11 Accident and health 6.3 7.0 8.3 9.6 10.4 11.0 11.9 13.2 15.0 16.6 11

12 Policy dividend accumulation 13.7 14.9 16.3 17.7 19.3 20.4 21.6 22.6 24.0 25.1 12

13 Contract claims 3.5 3.9 4.4 4.9 5.5 5.9 7.1 8.7 9.6 11.2 13

14 Asset: Household sector 23.4 25.8 29.0 32.2 35.2 37.3 40.6 44.5 48.6 52.8 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 58.5 68.8 81.4 95.4 110.2 123.7 135.3 146.1 158.3 173.1 15

16 Asset: Household sector 20.5 24.1 28.3 32.2 37.0 42.1 46.8 51.6 63.9 62.5 16

17 Nonfinancial corporate business 20.4 23.9 28.4 34.1 39.8 44.6 48.4 51.2 54.8 59.9 17

18 Nonfinancial noncorporate business 17.5 20.7 24.6 29.1 33.3 37.0 40.1 43.3 39.7 50.7 18

 Unallocated insurance company contracts:

19 Liab.: Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Asset: Private pension funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 Pension fund contributions payable:

21 Liab.: Nonfinancial corporate business 3.7 4.1 4.5 5.3 6.2 7.6 8.0 9.9 12.0 12.9 21

22 Asset: Private pension funds 3.7 4.1 4.5 5.3 6.2 7.6 8.0 9.9 12.0 12.9 22

 Securities borrowed (net):

23 Liab.: Funding corporations 0.0 0.6 0.5 1.0 1.1 1.1 2.1 2.3 5.2 5.4 23

24 Asset: Brokers and dealers 0.0 0.6 0.5 1.0 1.1 1.1 2.1 2.3 5.2 5.4 24

 Nonmarketable government securities:

25 Liab.: Federal government 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 25

26 Asset: Federal government retirement funds 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 26

 Retiree health care funds (2):

27 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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.
FFA, 1975-1984, December 6, 2012 103

L.231 Unidentified Miscellaneous Financial Claims

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 369.6 426.1 467.1 565.6 685.6 781.9 937.7 1022.0 1126.9 1190.0 1

 2 Nonfinancial corporate business 300.7 318.6 348.9 405.4 499.3 589.5 696.6 742.3 762.7 807.8 2

 3 Nonfinancial noncorporate business 26.1 27.3 27.2 30.5 37.4 44.2 42.9 71.5 84.1 93.7 3

 4 Federal government 1.1 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Rest of the world -27.2 3.5 -0.2 6.6 9.0 -1.8 -2.9 46.7 38.2 32.3 5

 6 Monetary authority 2.0 2.0 2.1 3.0 3.6 2.6 3.1 3.0 2.8 3.1 6

 7 U.S.-chartered depository institutions 49.0 50.8 62.2 79.3 87.8 93.0 94.3 72.9 106.6 134.7 7

 8 Foreign banking offices in U.S. 2.0 1.5 2.0 4.5 3.6 1.2 23.9 6.2 4.2 2.2 8

 9 Banks in U.S.-affiliated areas 0.7 0.6 1.1 1.3 2.2 4.7 5.6 5.6 8.3 8.4 9

10 Credit unions 0.9 0.9 1.5 1.5 1.6 3.1 3.2 2.3 2.3 2.9 10

11 Life insurance companies 11.3 12.6 13.9 15.3 16.9 17.0 20.7 23.3 28.4 37.8 11

12 Government-sponsored enterprises 3.6 3.9 4.2 5.5 6.6 8.6 10.1 12.1 14.5 16.8 12

13 Finance companies 1.9 1.5 2.1 8.2 15.0 28.1 46.0 45.7 50.5 46.2 13

14 REITs 0.1 0.2 0.1 0.3 0.3 0.3 0.3 0.3 0.3 0.5 14

15 Brokers and dealers -6.1 -4.2 -6.5 -2.7 -2.9 -12.4 -14.7 -25.0 -17.1 -18.8 15

16 Holding companies 2.4 5.5 7.3 5.2 3.4 1.5 1.5 2.9 4.0 3.2 16

17 Funding corporations 1.3 0.8 1.3 1.9 1.8 2.3 7.2 12.3 37.2 19.0 17

18 Total assets 280.9 253.6 280.4 339.3 379.4 443.7 580.4 693.4 860.5 1076.6 18

19 Nonfinancial corporate business 190.1 151.6 168.3 182.7 215.8 251.0 353.6 459.7 537.4 700.1 19

20 Nonfinancial noncorporate business 9.7 10.9 12.8 14.2 15.9 16.9 29.0 18.4 24.3 14.9 20

21 State and local governments 0.1 0.1 -0.0 0.1 0.2 0.1 0.2 0.2 0.3 1.7 21

22 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Rest of the world 1.2 9.1 3.0 12.0 12.6 16.2 17.3 -2.4 43.7 42.6 23

24 Monetary authority 3.2 3.0 2.4 2.9 3.0 3.5 4.0 3.9 4.9 8.5 24

25 U.S.-chartered depository institutions 22.9 22.1 27.9 40.0 29.0 38.3 42.3 59.9 70.4 132.1 25

26 Foreign banking offices in U.S. 0.2 -0.2 -0.8 0.6 -0.1 2.1 11.9 21.6 19.1 17.9 26

27 Banks in U.S.-affiliated areas 2.6 2.5 2.5 3.6 4.8 6.6 9.5 6.3 8.0 5.2 27

28 Credit unions -0.7 -0.9 -1.0 0.6 2.3 5.7 4.7 4.2 4.2 3.5 28

29 Life insurance companies 6.5 7.2 8.6 9.5 10.9 12.2 13.8 20.1 27.5 35.1 29

30 Private pension funds 35.5 38.5 47.0 57.1 63.7 67.8 66.4 68.5 83.5 85.7 30

31 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.3 0.5 0.4 31

32 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Money market mutual funds -0.1 -0.1 -0.2 0.3 0.7 0.6 1.6 1.0 0.8 1.7 33

34 Government-sponsored enterprises 1.5 1.0 2.0 2.4 2.9 4.1 4.7 5.7 6.7 9.5 34

35 Finance companies 6.6 5.9 6.4 8.6 11.0 10.8 12.3 14.3 14.3 -1.6 35

36 REITs 0.1 0.0 0.1 0.2 0.4 0.5 0.5 0.6 0.8 1.5 36

37 Brokers and dealers -1.1 0.7 -0.4 2.6 4.4 5.8 6.5 8.6 11.1 13.6 37

38 Holding companies 2.6 2.1 1.9 1.9 1.8 1.4 1.9 2.4 2.9 4.3 38

39 Discrepancy 88.6 172.4 186.7 226.3 306.2 338.2 357.4 328.7 266.4 113.4 39
104 FFA, 1975-1984, December 6, 2012

B.100 Balance Sheet of Households and Nonprofit Organizations (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Assets 5960.3 6698.8 7380.6 8369.4 9646.7 11015.7 11876.9 12719.1 13739.9 14900.9 1

 2 Nonfinancial assets 2281.5 2537.6 2941.3 3401.6 3954.1 4441.6 4906.0 5136.2 5397.5 6052.6 2

 3 Real estate 1684.2 1880.0 2211.5 2578.3 3026.5 3414.0 3804.4 3990.4 4176.5 4734.2 3

 4 Households (2,3) 1413.7 1590.0 1886.8 2210.9 2603.3 2943.2 3293.0 3447.4 3605.9 4126.4 4

 5 Nonprofit organizations 270.5 290.1 324.7 367.4 423.2 470.8 511.4 543.0 570.6 607.8 5

 Equipment and software owned by

 6 nonprofit organizations (4) 19.4 22.0 24.7 28.2 32.0 36.7 40.8 43.4 46.0 48.8 6

 7 Consumer durable goods (4) 578.0 635.5 705.1 795.1 895.6 990.9 1060.8 1102.4 1175.0 1269.6 7

 8 Financial assets 3678.8 4161.2 4439.3 4967.8 5692.6 6574.1 6970.9 7582.9 8342.5 8848.3 8

 9 Deposits 924.5 1033.4 1150.4 1267.9 1386.1 1550.4 1758.5 1940.9 2115.2 2391.1 9

10 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 6.9 6.9 10

11 Checkable deposits and currency 158.7 169.2 184.2 200.7 220.5 238.1 284.4 303.9 313.6 327.0 11

12 Time and savings deposits 762.2 860.8 963.0 1058.3 1126.1 1248.0 1319.5 1447.8 1644.7 1864.2 12

13 Money market fund shares 3.7 3.4 3.2 8.9 39.5 64.4 154.6 186.7 149.9 193.0 13

14 Credit market instruments 320.7 331.3 358.4 406.7 486.1 521.0 546.6 612.2 703.8 808.7 14

15 Open market paper 19.7 16.9 31.5 46.2 56.0 52.3 42.0 48.7 43.8 65.6 15

16 Treasury securities 111.8 102.7 104.5 110.3 155.9 173.9 168.8 185.1 230.7 277.7 16

17 Savings bonds 67.4 72.0 76.8 80.7 79.9 72.5 68.2 68.3 71.5 74.5 17

18 Other Treasury 44.4 30.7 27.8 29.6 76.0 101.3 100.6 116.8 159.2 203.2 18

19 Agency- and GSE-backed securities 7.6 11.7 8.4 9.9 12.5 18.6 14.2 13.4 14.5 27.7 19

20 Municipal securities 66.8 72.9 78.8 104.2 123.6 130.1 160.3 201.1 246.7 290.4 20

21 Corporate and foreign bonds 64.3 74.3 79.8 73.6 66.6 59.0 60.0 53.0 57.0 44.7 21

22 Other loans and advances (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Mortgages 50.4 52.8 55.3 62.4 71.6 87.2 101.4 110.9 111.2 102.5 23

24 Corporate equities (2) 584.6 731.6 631.3 640.0 768.1 1010.4 905.2 966.3 1088.6 1008.7 24

25 Mutual fund shares (6) 38.7 41.4 40.4 41.1 44.8 52.1 52.6 65.1 98.0 117.5 25

26 Security credit 4.5 5.7 5.7 8.5 10.4 16.2 14.7 17.8 20.6 21.6 26

27 Life insurance reserves 168.6 177.8 187.8 199.4 210.3 220.6 230.1 238.0 246.7 252.8 27

28 Pension fund reserves 467.0 534.5 589.9 691.4 801.1 969.7 1063.5 1289.1 1535.8 1707.5 28

29 Equity in noncorporate business (7) 1126.1 1255.5 1418.2 1648.5 1913.5 2154.3 2312.2 2357.4 2421.3 2425.1 29

30 Miscellaneous assets 44.0 49.9 57.3 64.4 72.3 79.4 87.4 96.1 112.5 115.4 30

31 Liabilities 768.1 860.1 991.0 1150.6 1320.3 1447.4 1558.5 1632.7 1799.4 2011.3 31

32 Credit market instruments 741.5 828.5 956.1 1111.2 1278.5 1396.0 1505.9 1575.8 1731.1 1943.1 32

33 Home mortgages (8) 459.0 517.0 603.0 708.6 826.7 926.5 998.2 1031.1 1116.2 1242.8 33

34 Consumer credit 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 34

35 Municipal securities (9) 2.7 4.7 8.1 10.7 13.6 16.7 21.1 29.6 41.0 51.2 35

36 Depository institution loans n.e.c. 26.3 28.9 28.7 24.9 21.6 24.4 28.7 30.6 31.8 17.4 36

37 Other loans and advances 31.5 33.4 35.2 38.6 44.4 52.1 61.0 66.8 68.8 69.8 37

38 Commercial mortgages (9) 15.0 15.6 16.3 17.2 17.6 18.3 19.1 20.9 28.4 35.4 38

39 Security credit 8.3 12.5 14.5 17.1 17.5 24.7 23.0 25.8 34.2 31.8 39

40 Trade payables (9) 10.6 10.7 11.1 11.9 12.6 13.8 14.8 15.6 18.0 21.2 40

 Deferred and unpaid

41 life insurance premiums 7.7 8.4 9.3 10.3 11.7 12.9 14.7 15.5 16.1 15.1 41

42 Net worth 5192.2 5838.6 6389.5 7218.9 8326.4 9568.2 10318.4 11086.4 11940.5 12889.6 42

 Memo:

 Replacement-cost value of structures:

43 Residential 1265.4 1416.7 1664.1 1934.9 2257.1 2551.4 2744.1 2864.5 2988.2 3170.3 43

44 Households 1225.9 1374.0 1615.4 1880.4 2195.2 2482.5 2670.5 2787.3 2908.7 3087.4 44

45 Nonprofit organizations 39.5 42.6 48.7 54.5 61.9 68.9 73.7 77.2 79.5 82.9 45

46 Nonresidential (nonprofits) 158.4 168.7 186.7 208.5 237.4 266.1 289.2 308.6 324.4 344.4 46

47 Disposable personal income (SAAR) 1187.3 1302.3 1435.0 1607.3 1790.9 2002.7 2237.1 2412.7 2599.8 2891.5 47

 Household net worth as percentage of

48 disposable personal income (SAAR) 437.3 448.3 445.3 449.1 464.9 477.8 461.2 459.5 459.3 445.8 48

 Owners’ equity in household real

49 estate (10) 954.6 1073.0 1283.9 1502.3 1776.6 2016.7 2294.7 2416.2 2489.7 2883.5 49

 Owners’ equity as percentage of

50 household real estate (11) 67.5 67.5 68.0 67.9 68.2 68.5 69.7 70.1 69.0 69.9 50

(1) Sector includes domestic hedge funds, private equity funds, and personal trusts.

(2) At market value.

(3) All types of owner-occupied housing including farm houses and mobile homes, as well as second homes that are not rented, vacant homes for sale, and vacant land.

(4) At replacement (current) cost.

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

(6) Value based on the market values of equities held and the book value of other assets held by mutual funds.

(7) Net worth of nonfinancial noncorporate business (table B.103, line 32) and owners’ equity in unincorporated security brokers and dealers.

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

(9) Liabilities of nonprofit organizations.

(10) Line 4 less line 33.

(11) Line 49 divided by line 4.
FFA, 1975-1984, December 6, 2012 105

B.102 Balance Sheet of Nonfinancial Corporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 With nonfinancial assets stated at either market value or replacement cost:

 1 Assets 2809.6 3113.0 3466.5 3948.4 4569.5 5202.4 5849.5 6170.3 6479.8 7030.8 1

 2 Nonfinancial assets 2035.3 2248.9 2501.1 2848.2 3290.3 3756.1 4209.4 4419.4 4551.1 4827.9 2

 3 Real estate (1) 1170.9 1292.1 1430.7 1620.8 1860.2 2112.6 2396.9 2546.3 2616.8 2755.2 3

 4 Equipment and software (2) 557.2 616.2 693.9 791.9 916.4 1066.8 1185.9 1254.6 1294.7 1364.0 4

 5 Inventories (2) 307.2 340.6 376.5 435.5 513.8 576.7 626.6 618.5 639.6 708.6 5

 6 Financial assets 774.3 864.1 965.4 1100.2 1279.1 1446.3 1640.1 1750.9 1928.7 2203.0 6

 7 Foreign deposits 2.6 3.4 5.7 8.3 10.1 9.7 12.4 10.1 14.4 13.3 7

 8 Checkable deposits and currency 58.7 63.4 67.2 73.5 79.6 79.2 58.2 68.6 90.2 103.3 8

 9 Time and savings deposits 24.1 28.8 35.5 38.2 40.4 45.0 55.0 63.6 70.0 69.1 9

10 Money market fund shares 0.0 0.0 0.2 0.6 3.0 7.0 18.4 19.0 11.2 16.1 10

11 Security RPs 1.2 1.5 2.1 2.5 3.1 3.9 1.8 2.4 3.2 3.9 11

12 Commercial paper 8.4 10.5 9.4 9.5 9.6 9.1 8.2 7.9 12.2 9.7 12

13 Treasury securities 14.3 21.5 16.6 15.1 13.5 13.7 18.7 21.0 30.1 36.5 13

14 Agency- and GSE-backed securities 3.3 2.9 2.7 2.8 1.8 2.2 5.8 3.3 4.2 5.3 14

15 Municipal securities 4.8 4.2 4.4 4.6 4.5 9.4 10.6 12.2 18.3 22.5 15

16 Mortgages 9.7 10.4 13.6 15.5 18.8 27.4 35.9 38.2 40.0 51.4 16

17 Consumer credit 21.2 23.5 24.4 26.5 28.3 29.4 30.3 30.8 35.4 38.4 17

18 Trade receivables 271.4 302.4 346.4 407.3 479.7 529.4 574.1 569.1 626.5 694.1 18

19 Mutual fund shares (1) 0.9 1.0 0.8 0.6 1.1 1.5 1.6 3.1 4.5 7.2 19

20 Miscellaneous assets 353.7 390.6 436.6 495.2 585.8 679.5 809.1 901.6 968.5 1132.1 20

21 Liabilities 1092.4 1195.8 1343.1 1541.4 1800.6 2023.9 2307.7 2468.7 2624.9 2943.6 21

22 Credit market instruments 567.4 606.4 682.5 761.1 845.9 913.8 1033.6 1124.1 1240.5 1451.2 22

23 Commercial paper 9.6 11.0 12.8 15.5 24.5 28.0 42.7 37.6 36.8 58.5 23

24 Municipal securities (3) 6.7 9.2 17.4 25.0 35.0 45.9 59.3 74.5 83.9 104.4 24

25 Corporate bonds (4) 253.8 276.6 299.5 320.6 337.9 365.6 390.3 421.0 447.0 495.1 25

26 Depository institution loans n.e.c. 136.7 130.9 145.9 168.6 198.6 225.8 258.8 317.9 345.9 405.2 26

27 Other loans and advances 52.7 63.9 77.6 89.5 105.9 114.2 141.1 145.9 168.6 214.8 27

28 Mortgages 107.9 114.9 129.2 141.8 144.0 134.3 141.3 127.2 158.3 173.2 28

29 Trade payables 176.9 195.8 227.8 272.8 328.5 357.8 384.8 395.6 403.4 438.0 29

30 Taxes payable 22.3 27.8 29.1 34.1 41.0 43.9 39.9 35.6 38.6 42.2 30

31 Miscellaneous liabilities 325.8 365.7 403.6 473.6 585.2 708.5 849.5 913.4 942.4 1012.3 31

32 Net worth (market value) 1717.2 1917.3 2123.4 2407.0 2768.9 3178.5 3541.7 3701.6 3854.9 4087.2 32

 Memo:

 Replacement-cost value of structures:

33 Residential 23.6 25.5 29.3 32.8 37.2 41.5 44.8 47.5 49.2 51.3 33

34 Nonresidential 836.1 913.6 1006.0 1138.9 1304.2 1482.4 1694.7 1790.8 1822.3 1921.2 34

35 Market value of equities outstanding 754.8 927.3 819.1 856.2 1014.6 1346.3 1225.4 1386.3 1630.2 1553.3 35

36 Debt/net worth (percent) (5) 33.0 31.6 32.1 31.6 30.5 28.7 29.2 30.4 32.2 35.5 36

37 Debt/equities (percent) (6) 75.2 65.4 83.3 88.9 83.4 67.9 84.3 81.1 76.1 93.4 37

38 Equities/net worth (percent) (7) 44.0 48.4 38.6 35.6 36.6 42.4 34.6 37.5 42.3 38.0 38

 With nonfinancial assets stated at historical cost:

39 Assets (8) 1952.6 2144.1 2375.1 2682.5 3066.6 3420.3 3853.8 4113.0 4451.9 4966.2 39

40 Nonfinancial assets 1178.3 1279.9 1409.7 1582.3 1787.5 1974.0 2213.7 2362.1 2523.2 2763.3 40

41 Real estate 466.6 500.1 538.8 590.3 655.0 731.1 822.9 911.8 984.0 1070.2 41

42 Equipment and software 395.2 432.8 485.9 553.6 632.8 709.6 794.3 862.3 926.4 1013.1 42

43 Inventories 316.5 346.9 385.0 438.4 499.6 533.3 596.5 587.9 612.8 679.9 43

44 Net worth (historical cost) (9) 860.2 948.3 1032.1 1141.1 1266.0 1396.4 1546.1 1644.3 1827.0 2022.6 44

 Memo:

 Historical-cost value of structures:

45 Residential 11.7 12.0 12.5 13.2 14.2 15.1 16.0 16.5 17.3 18.4 45

46 Nonresidential 398.4 429.5 464.5 511.3 570.6 639.9 722.0 804.3 869.1 946.2 46

47 Debt/net worth (percent) (10) 66.0 64.0 66.1 66.7 66.8 65.4 66.9 68.4 67.9 71.7 47

 (1) At market value.

 (2) At replacement (current) cost.

 (3) 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.

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

 (5) Line 22 divided by line 32.

 (6) Line 22 divided by line 35.

 (7) Line 35 divided by line 32.

 (8) Sum of lines 6 and 40.

 (9) Line 39 less line 21.

 (10) Line 22 divided by line 44.
106 FFA, 1975-1984, December 6, 2012

B.103 Balance Sheet of Nonfinancial Noncorporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Assets 1473.3 1637.8 1848.0 2144.7 2501.3 2823.2 3050.2 3187.9 3337.8 3471.5 1

 2 Nonfinancial assets 1390.3 1544.5 1737.5 2012.4 2347.8 2656.1 2850.2 2976.2 3097.1 3204.3 2

 3 Real estate (1) 1182.0 1325.8 1496.6 1725.3 2012.3 2291.5 2465.6 2573.4 2691.1 2777.5 3

 4 Residential 605.8 664.4 759.5 864.0 1002.9 1151.0 1254.4 1348.1 1430.7 1546.6 4

 5 Nonresidential 576.2 661.4 737.1 861.3 1009.4 1140.5 1211.2 1225.2 1260.3 1230.9 5

 6 Equipment and software (2) 128.2 140.1 154.7 175.8 204.6 230.5 256.3 269.3 276.0 289.8 6

 7 Residential (3) 8.2 9.0 9.9 11.3 12.7 14.5 16.3 17.5 18.6 19.6 7

 8 Nonresidential 120.0 131.1 144.8 164.5 191.8 216.0 240.1 251.8 257.4 270.2 8

 9 Inventories (2) 80.1 78.7 86.2 111.3 130.9 134.1 128.3 133.6 130.0 137.0 9

10 Financial assets 83.0 93.2 110.5 132.3 153.5 167.2 200.0 211.7 240.6 267.2 10

11 Checkable deposits and currency 24.3 26.3 29.0 32.2 35.1 37.9 40.3 44.0 52.5 57.5 11

12 Time and savings deposits 8.1 9.5 12.1 15.5 21.3 24.2 25.7 28.1 31.7 35.1 12

13 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Credit market instruments 7.2 8.1 9.9 12.8 14.7 14.9 23.7 28.2 35.3 44.8 14

15 Treasury securities 1.3 1.5 2.4 3.2 2.8 2.6 3.3 3.2 6.0 5.5 15

16 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Mortgages 3.3 4.2 5.5 8.1 11.0 12.2 20.3 25.0 29.3 39.3 17

18 Consumer credit 2.7 2.5 2.0 1.5 0.9 0.2 0.0 0.0 0.0 0.0 18

19 Trade receivables 14.6 15.8 20.0 26.0 30.2 32.5 37.0 45.0 52.4 59.3 19

20 Miscellaneous assets 28.8 33.5 39.5 45.8 52.3 57.6 73.3 66.4 68.7 70.5 20

21 Insurance receivables 17.5 20.7 24.6 29.1 33.3 37.0 40.1 43.3 39.7 50.7 21

22 Equity investment in GSEs (4) 1.6 1.9 2.1 2.5 3.0 3.6 4.3 4.7 4.7 4.8 22

23 Other 9.7 10.9 12.8 14.2 15.9 16.9 29.0 18.4 24.3 14.9 23

24 Liabilities 349.3 384.2 431.6 498.1 590.5 670.8 740.0 833.1 919.6 1049.4 24

25 Credit market instruments 287.6 317.1 359.8 418.2 492.0 555.1 619.8 677.6 749.0 862.6 25

26 Depository institution loans n.e.c. 56.7 62.1 70.4 86.0 101.7 104.6 116.0 109.4 111.6 129.3 26

27 Other loans and advances 30.0 35.0 41.4 51.9 64.2 74.2 85.3 88.6 92.2 95.8 27

28 Mortgages 201.0 220.0 248.0 280.4 326.1 376.3 418.5 479.6 545.3 637.5 28

29 Trade payables 28.4 31.4 35.0 38.6 46.9 52.6 58.6 63.1 63.0 67.8 29

30 Taxes payable 6.6 7.8 8.9 10.0 12.8 15.3 13.7 15.2 17.1 18.2 30

31 Miscellaneous liabilities 26.6 27.9 27.9 31.3 38.8 47.9 47.8 77.1 90.5 100.8 31

32 Net worth (5) 1124.0 1253.6 1416.4 1646.5 1910.8 2152.4 2310.2 2354.9 2418.2 2422.1 32

 Memo:

 Replacement-cost value of structures:

33 Residential 493.9 536.8 616.9 697.0 799.8 895.5 962.6 1008.8 1040.8 1086.9 33

34 Nonresidential 191.8 207.3 231.1 262.5 305.8 353.1 410.6 443.5 458.5 492.5 34

35 Debt/net worth (percent) (6) 25.6 25.3 25.4 25.4 25.7 25.8 26.8 28.8 31.0 35.6 35

(1) At market value.

(2) At replacement (current) cost.

(3) Durable goods in rental properties.

(4) Equity in the Farm Credit System.

(5) Line 1 less line 24. Included in table B.100, line 29.

(6) Line 25 divided by line 32.
FFA, 1975-1984, December 6, 2012 107

R.100 Change in Net Worth of Households and Nonprofit Organizations

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Change in net worth (1) 627.8 646.4 550.9 829.3 1107.5 1241.8 750.2 768.0 854.1 949.1 1

 2 Net investment 162.3 164.7 199.2 211.5 213.8 230.2 311.4 344.8 328.1 431.5 2

 3 Net physical investment 54.2 82.2 111.1 126.4 118.8 78.9 75.1 63.7 134.9 184.3 3

 4 Capital expenditures 190.1 232.1 278.9 316.4 332.4 318.6 335.1 334.1 412.6 482.7 4

 5 - Consumption of fixed capital 135.9 149.9 167.7 190.0 213.6 239.7 260.0 270.3 277.7 298.4 5

 6 Net lending (+) or net borrowing (-) 108.1 82.5 88.1 85.1 95.0 151.3 236.2 281.1 193.1 247.2 6

 7 Net acquisition of financial assets 170.1 172.7 219.3 246.4 263.7 266.3 340.0 370.1 379.8 467.3 7

 8 - Net increase in liabilities 62.0 90.2 131.3 161.2 168.7 115.0 103.8 89.0 186.7 220.2 8

 Holding gains on assets

 9 at market value (2) 422.8 452.8 319.2 566.3 832.7 922.0 391.0 397.4 458.0 516.7 9

10 Real estate 126.0 147.0 260.9 284.7 368.8 327.1 334.2 138.9 101.8 456.0 10

11 Corporate equities 144.1 142.8 -94.1 19.0 150.5 254.9 -61.8 94.2 151.1 -7.9 11

12 Mutual fund shares 7.6 5.6 -1.0 1.0 5.9 7.9 -3.9 9.0 10.2 0.8 12

13 Equity in noncorporate business 109.2 141.5 169.0 243.3 290.7 281.2 146.8 99.1 111.2 58.9 13

14 Life insurance and pension fund reserves 36.0 15.9 -15.6 18.3 16.7 50.9 -24.3 56.3 83.7 9.0 14

15 Equity investment under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 Holding gains on assets

16 at current cost (2) 33.0 26.0 30.4 48.1 64.5 80.9 53.7 24.9 21.8 15.2 16

17 Consumer durable goods 31.7 25.1 29.5 46.2 62.2 77.5 50.9 23.5 21.0 14.5 17

18 Equipment and software 1.3 0.9 1.0 1.9 2.3 3.5 2.8 1.5 0.8 0.7 18

19 Other volume changes (3) 9.8 3.0 2.1 3.5 -3.5 8.7 -5.8 0.9 46.2 -14.3 19

 Memo:

20 Net worth outstanding (4) 5192.2 5838.6 6389.5 7218.9 8326.4 9568.2 10318.4 11086.4 11940.5 12889.6 20

21 Disposable personal income 1187.3 1302.3 1435.0 1607.3 1790.9 2002.7 2237.1 2412.7 2599.8 2891.5 21

(1) Sum of net investment (line 2), holding gains (lines 9 and 16), and other volume changes (line 19).

(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.

(3) Consists of statistical discontinuities and disaster-related losses to fixed assets. Also includes the difference between series for consumption of fixed capital published by BEA.

(4) Table B.100, line 42.
108 FFA, 1975-1984, December 6, 2012

R.102 Change in Net Worth of Nonfinancial Corporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Change in net worth (1) 16.6 200.1 206.1 283.6 361.9 409.6 363.3 159.9 153.3 232.3 1

 2 Net investment 11.8 47.2 59.5 57.8 44.0 53.4 67.5 5.4 96.3 53.8 2

 3 Net physical investment 36.3 72.9 89.7 125.3 151.5 139.0 153.9 76.3 90.6 174.0 3

 4 Capital expenditures 114.3 156.5 184.0 226.7 255.6 263.4 321.7 281.6 302.4 398.8 4

 5 - Consumption of fixed capital 88.6 97.7 110.1 125.1 144.2 166.6 192.4 212.8 219.2 228.8 5

 6 - Inventory valuation adjustment -10.5 -14.1 -15.7 -23.7 -40.1 -42.1 -24.6 -7.5 -7.4 -4.0 6

 7 Net lending (+) or net borrowing (-) -34.4 -36.2 -32.9 -67.4 -99.6 -96.0 -73.0 -72.8 -14.3 -41.2 7

 8 Net acquisition of financial assets 26.5 67.1 114.4 130.9 159.5 127.3 210.9 88.1 141.9 277.5 8

 9 - Net increase in liabilities 60.9 103.3 147.3 198.4 259.2 223.3 283.8 161.0 156.2 318.8 9

10 Net corporate equity issues 9.9 10.5 2.7 -0.1 -7.8 10.4 -13.5 1.9 20.0 -79.0 10

 Holding gains on assets

11 at market value (2) 90.3 101.1 115.4 156.4 196.2 200.1 221.6 93.3 27.4 79.4 11

12 Real estate 90.2 101.0 115.5 156.4 196.1 200.0 221.7 93.0 27.2 79.6 12

13 Mutual fund shares 0.1 0.1 -0.0 0.0 0.1 0.2 -0.1 0.3 0.2 -0.2 13

 Holding gains on assets less

14 liabilities at current cost (2) 55.6 84.4 57.9 83.1 114.8 143.0 76.3 4.2 -8.9 -3.4 14

15 Equipment and software 55.9 39.2 44.8 53.2 72.1 107.5 74.4 42.2 14.5 17.1 15

16 Inventories (3) -0.3 2.3 3.0 12.0 24.2 21.5 4.6 3.6 5.6 8.0 16

17 Direct investment abroad 0.0 60.8 14.2 23.5 26.2 32.5 10.2 -33.6 -30.4 -23.0 17

18 - Foreign direct investment in U.S. -0.0 18.0 4.1 5.7 7.7 18.5 13.0 8.0 -1.5 5.5 18

19 Other volume changes (4) -141.2 -32.6 -26.7 -13.7 6.9 13.1 -2.1 57.0 38.5 102.5 19

 Memo:

20 Net worth outstanding (5) 1717.2 1917.3 2123.4 2407.0 2768.9 3178.5 3541.7 3701.6 3854.9 4087.2 20

(1) Sum of net investment (line 2), holding gains (lines 11 and 14), and other volume changes (line 19).

(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.

(3) Before inventory valuation adjustment.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.102, line 32.
FFA, 1975-1984, December 6, 2012 109

R.103 Change in Net Worth of Nonfinancial Noncorporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Change in net worth (1) 98.9 129.6 162.9 230.1 264.3 241.5 157.9 44.7 63.3 3.9 1

 2 Net capital transfers paid 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Net investment -10.5 -12.5 -6.5 -13.3 -26.7 -41.0 11.0 -54.3 -47.7 -55.0 3

 4 Net physical investment 12.6 12.2 23.6 31.4 44.4 24.7 47.6 27.6 10.4 48.7 4

 5 Capital expenditures 43.6 45.8 60.7 73.2 92.5 79.8 109.9 96.1 81.0 122.2 5

 6 - Consumption of fixed capital 31.0 33.6 37.1 41.9 48.1 55.1 62.4 68.5 70.6 73.6 6

 7 Net lending (+) or net borrowing (-) -12.6 -12.2 -23.6 -31.4 -44.4 -24.7 -47.6 -27.6 -10.4 -48.7 7

 8 Net acquisition of financial assets 2.7 10.3 17.3 21.8 21.2 13.7 32.8 11.7 28.9 26.5 8

 9 - Net increase in liabilities 15.2 22.4 40.8 53.1 65.6 38.4 80.4 39.3 39.4 75.2 9

10 Proprietor’s net investment (2) -10.5 -12.5 -6.5 -13.3 -26.7 -41.0 11.0 -54.3 -47.7 -55.0 10

11 Holding gains on real estate (3) 96.1 131.5 154.0 204.4 252.5 247.7 134.3 75.7 86.9 49.1 11

12 Residential 42.5 53.7 86.6 91.8 121.4 135.8 92.0 90.0 71.5 101.1 12

13 Nonresidential 53.6 77.8 67.3 112.5 131.1 111.9 42.3 -14.3 15.4 -52.0 13

14 Holding gains on assets at current cost (3) 13.2 10.6 15.5 39.1 38.8 36.1 12.2 23.0 23.9 9.3 14

15 Residential equipment and software 0.4 0.3 0.3 0.6 0.6 0.9 1.0 0.7 0.3 -0.0 15

16 Nonresidential equipment and software 11.8 11.8 12.8 15.9 22.6 26.3 26.2 21.3 13.3 10.8 16

17 Inventories 1.0 -1.5 2.4 22.6 15.6 8.8 -15.0 1.0 10.2 -1.4 17

18 Other volume changes (4) -0.0 -0.0 -0.1 -0.0 -0.3 -1.3 0.3 0.2 0.2 0.4 18

 Memo:

19 Net worth outstanding (5) 1124.0 1253.6 1416.4 1646.5 1910.8 2152.4 2310.2 2354.9 2418.2 2422.1 19

(1) Sum of net capital transfers paid (line 2), net investment (line 3), holding gains (lines 11 and 14), and other volume changes (line 18).

(2) Shown on table F.103, line 30.

(3) Calculated as change in amount outstanding less net investment during period less disaster-related losses to fixed assets.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.103, line 32.
110 FFA, 1975-1984, December 6, 2012

B.100.e Balance Sheet of Households and Nonprofit Organizations with Equity Detail (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Assets 5960.3 6698.8 7380.6 8369.4 9646.7 11015.7 11876.9 12719.1 13739.9 14900.9 1

 2 Nonfinancial assets 2281.5 2537.6 2941.3 3401.6 3954.1 4441.6 4906.0 5136.2 5397.5 6052.6 2

 3 Financial assets 3678.8 4161.2 4439.3 4967.8 5692.6 6574.1 6970.9 7582.9 8342.5 8848.3 3

 4 Deposits 924.5 1033.4 1150.4 1267.9 1386.1 1550.4 1758.5 1940.9 2115.2 2391.1 4

 5 Credit market instruments 320.7 331.3 358.4 406.7 486.1 521.0 546.6 612.2 703.8 808.7 5

 6 Equity shares at market value 758.7 935.5 826.7 865.8 1027.5 1345.0 1232.6 1386.8 1637.4 1578.2 6

 7 Directly held 584.6 731.6 631.3 640.0 768.1 1010.4 905.2 966.3 1088.6 1008.7 7

 8 Indirectly held 174.1 203.8 195.4 225.9 259.5 334.6 327.5 420.5 548.9 569.5 8

 9 Life insurance companies 9.3 12.2 10.9 11.5 12.8 17.6 16.8 20.3 24.8 23.8 9

10 Private pension funds 110.2 128.3 126.2 152.9 178.9 237.0 230.0 298.1 369.4 379.3 10

11 Defined benefit plans 79.9 93.2 91.6 110.8 126.3 167.3 161.8 209.8 260.0 251.9 11

12 Defined contribution plans 30.2 35.1 34.6 42.1 52.6 69.6 68.2 88.3 109.5 127.4 12

13 State and local govt. retirement funds 24.3 30.1 30.0 33.3 37.1 44.3 47.8 60.2 89.6 96.5 13

14 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Mutual funds 30.3 33.2 28.3 28.2 30.7 35.8 32.9 41.9 65.0 69.8 15

16 Other 1674.9 1861.1 2103.8 2427.5 2792.9 3157.6 3433.1 3643.0 3886.1 4070.3 16

17 Liabilities 768.1 860.1 991.0 1150.6 1320.3 1447.4 1558.5 1632.7 1799.4 2011.3 17

18 Net worth 5192.2 5838.6 6389.5 7218.9 8326.4 9568.2 10318.4 11086.4 11940.5 12889.6 18

 Memo:

19 Equity shares excluding defined benefit plans 654.4 812.2 705.1 721.8 864.2 1133.3 1023.1 1116.8 1287.8 1229.7 19

 (line 6 minus lines 11, 13 and part of line 14)

 Equity shares (line 6) as a percent of

20 Total assets (line 1) 12.7 14.0 11.2 10.3 10.7 12.2 10.4 10.9 11.9 10.6 20

21 Financial assets (line 3) 20.6 22.5 18.6 17.4 18.1 20.5 17.7 18.3 19.6 17.8 21

(1) Estimates of equity shares (lines 7 through 15) could differ from other sources owing to alternative definitions of ownership of equity by households.

 Prior to 1985, all pension assets are assumed to have been in defined benefit plans.
FFA, 1975-1984, December 6, 2012 111

F.105.c Consolidated Statement for Federal, State, and Local Governments

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Current receipts, NIPA basis 442.1 505.9 567.3 646.1 728.9 798.7 917.7 939.3 1000.3 1113.5 1

 2 Personal current taxes 147.6 172.3 197.5 229.4 268.7 298.9 345.2 354.1 352.3 377.4 2

 3 Taxes on production and imports 135.3 146.4 159.7 170.9 180.1 200.3 235.6 240.9 263.3 289.8 3

 4 Taxes on corporate income 50.9 64.2 73.0 83.5 88.0 84.8 81.1 63.1 77.2 94.0 4

 5 Taxes from the rest of the world 0.5 0.7 0.7 1.0 1.1 1.6 1.5 1.4 1.2 1.3 5

 6 Contributions for govt. social insurance 89.9 102.0 113.9 132.1 153.7 167.2 196.9 210.1 227.2 258.8 6

 7 Income receipts on assets 16.1 16.3 18.4 23.2 30.8 39.9 50.2 58.9 65.3 74.3 7

 8 Current transfer receipts 5.1 5.8 6.8 8.2 9.4 11.1 12.7 15.3 16.9 19.7 8

 9 Current surplus of government enterprises -3.2 -1.8 -2.7 -2.2 -2.9 -5.1 -5.6 -4.5 -3.2 -1.9 9

10 Current expenditures, NIPA basis 510.2 552.2 600.3 656.3 729.9 846.5 966.9 1076.8 1171.7 1261.0 10

11 Consumption expenditures 294.6 316.6 346.6 376.5 412.3 465.9 520.6 568.1 610.5 657.6 11

12 Government social benefits 165.1 179.8 191.7 205.9 230.1 274.4 311.5 346.5 373.6 384.1 12

13 Other current transfer payments 6.1 4.5 4.2 5.0 5.8 7.3 6.7 8.1 8.9 11.2 13

14 Interest payments 40.0 46.3 50.8 60.2 72.9 89.1 116.7 138.9 156.9 187.3 14

15 Subsidies 4.5 5.1 7.1 8.9 8.5 9.8 11.5 15.0 21.3 21.1 15

16 - Wage accruals less disbursements 0.1 0.1 0.1 0.3 -0.2 -0.0 0.1 -0.0 -0.4 0.2 16

17 Net saving, NIPA basis -68.2 -46.3 -33.0 -10.2 -1.0 -47.8 -49.2 -137.5 -171.4 -147.5 17

18 + Consumption of fixed capital 39.9 42.6 45.6 49.5 54.4 61.8 70.1 77.1 81.6 86.9 18

19 - Insurance and pension fund reserves (1) 1.8 0.6 0.2 0.9 0.5 -0.0 -0.5 -0.0 1.1 3.6 19

20 - Contr. for govt. soc. insur., U.S.-affiliated areas 0.6 0.6 0.8 0.9 0.9 1.0 1.2 1.2 1.3 1.3 20

21 - Net capital transfers (2) -6.2 -7.0 -9.1 -6.9 -7.2 -8.4 -8.9 -9.8 -8.2 -8.3 21

22 = Gross saving less net capital transfers -24.5 2.1 20.7 44.4 59.2 21.4 29.1 -51.7 -83.9 -57.3 22

23 Gross investment -17.6 6.7 26.6 46.8 71.6 32.2 19.9 -64.1 -82.4 -53.3 23

24 Fixed investment 63.1 66.4 67.5 77.1 88.5 100.3 106.9 112.3 122.9 139.4 24

25 Nonproduced nonfinancial assets 1.5 -0.6 0.2 1.0 -1.1 -2.3 -3.5 -1.6 -2.7 -1.3 25

26 Net lending (+) or net borrowing (-) -82.2 -59.1 -41.1 -31.3 -15.7 -65.8 -83.5 -174.9 -202.6 -191.3 26

27 Net acquisition of financial assets 23.8 30.5 27.8 56.9 62.1 43.2 34.2 35.3 35.9 73.8 27

28 U.S. official reserve assets 0.7 2.4 0.3 -3.1 1.4 5.0 4.6 4.4 2.9 2.6 28

29 Checkable deposits and currency 3.2 2.9 0.6 4.4 -1.2 -3.1 -1.1 4.9 -8.9 10.3 29

30 Time and savings deposits -1.5 2.3 6.8 7.2 -2.1 -2.2 2.1 4.3 -6.7 0.8 30

31 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Security RPs -0.8 0.2 -0.1 4.1 9.6 5.2 -3.3 2.4 16.6 20.5 32

33 Credit market instruments 19.4 11.7 17.3 33.2 44.7 33.1 40.0 21.5 17.9 29.2 33

34 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Agency- and GSE-backed securities (3) 2.2 2.2 6.3 12.8 19.9 0.4 9.4 1.1 -0.1 4.5 35

36 Municipal securities 2.4 2.4 0.6 -0.7 -0.5 0.2 0.1 0.2 0.6 1.1 36

37 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 4.0 37

38 Mortgages 8.1 1.7 4.7 6.7 13.1 17.3 12.6 7.6 9.1 10.7 38

39 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Other loans and advances (4) 6.7 5.5 5.6 14.4 12.2 15.3 17.9 12.6 7.3 8.9 40

41 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

42 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

43 Trade receivables 2.6 2.2 1.6 6.0 6.3 6.5 4.9 6.1 5.3 8.2 43

44 Taxes receivable -0.3 7.7 0.7 4.1 2.5 -1.8 -13.9 -10.0 8.1 -0.6 44

45 Miscellaneous assets 0.6 1.0 0.6 0.9 0.9 0.4 1.0 1.6 0.8 2.9 45

46 Net increase in liabilities 106.0 89.5 68.9 88.2 77.9 108.9 117.7 210.2 238.5 265.1 46

47 SDR allocations 0.0 0.0 0.0 0.0 1.1 1.2 1.1 0.0 0.0 0.0 47

48 SDR certificates 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 48

49 Treasury currency 0.8 0.5 0.3 0.5 1.1 0.6 0.4 0.4 0.5 0.6 49

50 Credit market instruments 95.3 73.2 54.9 71.2 60.4 90.8 96.9 184.1 208.5 225.2 50

51 Savings bonds 4.0 4.7 4.7 3.9 -0.8 -7.3 -4.3 0.2 3.1 3.0 51

52 Treasury bills and other Treasury securities (4) 80.8 52.2 31.3 27.7 36.2 77.4 75.3 144.1 159.2 177.6 52

53 Budget agency securities -0.4 -0.0 -0.8 -1.3 -1.3 -0.5 -0.3 -0.8 -0.0 -0.1 53

54 Municipal securities 11.0 16.4 19.7 41.0 26.4 21.3 26.4 40.8 46.2 44.8 54

55 Multifamily residential mortgages -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 55

56 Trade payables 4.4 9.1 7.4 9.1 7.5 8.1 6.8 11.4 12.1 14.9 56

57 Insurance reserves 2.3 0.6 0.7 0.7 0.5 0.6 0.6 0.8 1.0 1.1 57

58 Miscellaneous liabilities (5) 3.0 5.5 5.7 6.8 6.7 7.0 11.0 12.2 16.6 23.4 58

59 Discrepancy -6.9 -4.6 -5.9 -2.3 -12.4 -10.9 9.2 12.4 -1.5 -4.0 59

 Memo:

60 Net govt. saving less fixed investment (6) -131.3 -112.7 -100.5 -87.3 -89.4 -148.1 -156.1 -249.8 -294.2 -286.9 60

61 Adjustment between NIPA and FOF (7) 49.1 53.6 59.4 56.0 73.7 82.3 72.6 74.9 91.6 95.5 61

62 Items to be financed (8) -82.2 -59.1 -41.1 -31.3 -15.7 -65.8 -83.5 -174.9 -202.6 -191.3 62

(1) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. Saving transferred to the households and nonprofit organizations sector.

 Includes value of Treasury and agency- and GSE-backed securities held by state and local government employee retirement funds.

(2) Table F.9, line 60 less line 12.

(3) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.

(4) Excludes transactions with state and local governments.

(5) 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.

(6) Line 17 less line 24.

(7) Line 18 less the sum of lines 19, 20, 21, 25, and 59.

(8) Line 60 plus line 61.
112 FFA, 1975-1984, December 6, 2012

L.105.c Consolidated Statement for Federal, State, and Local Governments

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 233.8 260.3 288.7 347.0 413.4 460.0 495.4 540.0 571.5 651.7 1

 2 U.S. official reserve assets 4.6 7.0 7.6 5.4 5.3 10.6 13.8 17.1 19.0 20.3 2

 3 Checkable deposits and currency 24.5 27.4 28.1 32.1 32.2 28.6 28.3 33.9 25.2 35.6 3

 4 Time and savings deposits 47.5 49.8 56.6 63.9 61.8 59.6 61.7 66.0 59.3 60.1 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Security RPs -2.1 -1.9 -2.0 2.2 11.8 17.0 13.7 16.1 32.7 53.1 6

 7 Credit market instruments 115.7 127.6 144.8 178.0 224.5 258.0 298.3 319.9 337.5 367.0 7

 8 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Agency- and GSE-backed securities (1) 18.2 20.4 26.7 39.5 59.4 59.7 69.1 70.2 70.1 74.6 9

10 Municipal securities 5.0 7.3 7.9 7.2 6.8 7.0 7.1 7.4 8.0 9.0 10

11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 5.0 11

12 Mortgages 32.0 33.6 38.4 45.1 58.1 75.4 88.1 95.7 104.8 115.9 12

13 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Other loans and advances (2) 60.6 66.3 71.8 86.2 100.2 115.8 134.0 146.7 153.8 162.5 14

15 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Trade receivables 21.7 23.9 25.4 31.5 37.8 44.3 49.2 55.3 60.6 68.8 17

18 Taxes receivable 14.2 20.2 21.3 26.4 31.4 31.7 19.3 19.1 23.9 30.7 18

19 Miscellaneous assets 7.7 6.2 6.8 7.6 8.7 10.2 11.1 12.6 13.4 16.1 19

20 Total liabilities 743.3 832.4 900.1 988.8 1068.1 1178.7 1294.8 1504.6 1740.8 2000.7 20

21 SDR allocations 2.7 2.7 2.8 3.0 4.2 5.2 5.7 5.4 5.1 4.8 21

22 SDR certificates 0.5 1.2 1.3 1.3 1.8 2.5 3.3 4.6 4.6 4.6 22

23 Treasury currency 8.2 8.7 8.9 9.4 10.5 11.1 11.5 11.9 12.3 12.9 23

24 Credit market instruments 629.7 702.8 756.2 827.3 887.7 978.5 1075.4 1259.5 1468.0 1693.2 24

25 Savings bonds 67.4 72.0 76.8 80.7 79.9 72.5 68.2 68.3 71.5 74.5 25

26 Treasury bills and other Treasury securities (3) 339.8 391.5 422.8 450.5 486.7 564.2 639.4 783.5 942.7 1120.3 26

27 Budget agency securities 7.9 8.3 7.6 6.2 4.9 4.4 4.1 3.4 3.3 3.2 27

28 Municipal securities 213.6 230.0 248.1 289.1 315.6 336.8 363.2 404.0 450.2 495.0 28

29 Multifamily residential mortgages 1.1 1.0 0.9 0.8 0.7 0.6 0.4 0.3 0.2 0.1 29

30 Trade payables 48.9 59.0 66.4 75.5 83.0 91.1 97.9 109.3 121.3 136.2 30

31 Insurance reserves 10.2 10.8 11.4 12.1 12.6 13.2 13.8 14.7 15.6 16.7 31

32 Miscellaneous liabilities (4) 43.2 47.3 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 32

(1) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.

(2) Excludes loans to state and local governments.

(3) Excludes Treasury securities owed to state and local governments.

(4) 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.
FFA, 1975-1984, December 6, 2012 113

F.116.b Private Pension Funds: Defined Benefit Plans

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net acquisition of financial assets ND ND ND ND ND ND ND ND ND ND 1

 2 Checkable deposits and currency ND ND ND ND ND ND ND ND ND ND 2

 3 Time and savings deposits ND ND ND ND ND ND ND ND ND ND 3

 4 Money market fund shares ND ND ND ND ND ND ND ND ND ND 4

 5 Security RPs ND ND ND ND ND ND ND ND ND ND 5

 6 Credit market instruments ND ND ND ND ND ND ND ND ND ND 6

 7 Open market paper ND ND ND ND ND ND ND ND ND ND 7

 8 Treasury securities ND ND ND ND ND ND ND ND ND ND 8

 9 Agency- and GSE-backed securities ND ND ND ND ND ND ND ND ND ND 9

10 Corporate and foreign bonds ND ND ND ND ND ND ND ND ND ND 10

11 Mortgages ND ND ND ND ND ND ND ND ND ND 11

12 Corporate equities ND ND ND ND ND ND ND ND ND ND 12

13 Mutual fund shares ND ND ND ND ND ND ND ND ND ND 13

14 Miscellaneous assets ND ND ND ND ND ND ND ND ND ND 14

15 Unallocated insurance contracts (1) ND ND ND ND ND ND ND ND ND ND 15

16 Contributions receivable ND ND ND ND ND ND ND ND ND ND 16

17 Other ND ND ND ND ND ND ND ND ND ND 17

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

F.116.c Private Pension Funds: Defined Contribution Plans (1)

Billions of dollars

 1 Net acquisition of financial assets ND ND ND ND ND ND ND ND ND ND 1

 2 Checkable deposits and currency ND ND ND ND ND ND ND ND ND ND 2

 3 Time and savings deposits ND ND ND ND ND ND ND ND ND ND 3

 4 Money market fund shares ND ND ND ND ND ND ND ND ND ND 4

 5 Security RPs ND ND ND ND ND ND ND ND ND ND 5

 6 Credit market instruments ND ND ND ND ND ND ND ND ND ND 6

 7 Open market paper ND ND ND ND ND ND ND ND ND ND 7

 8 Treasury securities ND ND ND ND ND ND ND ND ND ND 8

 9 Agency- and GSE-backed securities ND ND ND ND ND ND ND ND ND ND 9

10 Corporate and foreign bonds ND ND ND ND ND ND ND ND ND ND 10

11 Mortgages ND ND ND ND ND ND ND ND ND ND 11

12 Corporate equities ND ND ND ND ND ND ND ND ND ND 12

13 Mutual fund shares ND ND ND ND ND ND ND ND ND ND 13

14 Miscellaneous assets ND ND ND ND ND ND ND ND ND ND 14

15 Unallocated insurance contracts (2) ND ND ND ND ND ND ND ND ND ND 15

16 Contributions receivable ND ND ND ND ND ND ND ND ND ND 16

17 Other ND ND ND ND ND ND ND ND ND ND 17

(1) Includes 401(k) type plans.

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

F.225.i Individual Retirement Accounts (IRAs) (1)

Billions of dollars

 1 Total held at: ND ND ND ND ND ND ND 28.9 37.3 50.7 1

 2 U.S.-chartered depository institutions ND ND ND ND ND ND ND 17.9 23.8 29.2 2

 3 Credit unions ND ND ND ND ND ND ND 1.3 1.6 2.5 3

 4 Life insurance companies ND ND ND ND ND ND ND 2.5 3.1 3.6 4

 5 Money market mutual funds ND ND ND ND ND ND ND 1.3 0.7 2.0 5

 6 Mutual funds ND ND ND ND ND ND ND 1.7 3.8 4.8 6

 7 Other self-directed accounts ND ND ND ND ND ND ND 4.2 4.3 8.5 7

(1) Assets of the household sector (F.100). IRA assets are not included in pension fund reserves (table F.225), except for those at life insurance companies. Figures for depositories (lines 2 through 4)

 include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 5) and are excluded from the mutual fund sector (line 7) and from the money market fund sector (line 6).
114 FFA, 1975-1984, December 6, 2012

L.116.b Private Pension Funds: Defined Benefit Plans

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets ND ND ND ND ND ND ND ND ND 588.7 1

 2 Checkable deposits and currency ND ND ND ND ND ND ND ND ND 3.3 2

 3 Time and savings deposits ND ND ND ND ND ND ND ND ND 36.1 3

 4 Money market fund shares ND ND ND ND ND ND ND ND ND 0.0 4

 5 Security RPs ND ND ND ND ND ND ND ND ND 10.9 5

 6 Credit market instruments ND ND ND ND ND ND ND ND ND 236.3 6

 7 Open market paper ND ND ND ND ND ND ND ND ND 11.8 7

 8 Treasury securities ND ND ND ND ND ND ND ND ND 81.3 8

 9 Agency- and GSE-backed securities ND ND ND ND ND ND ND ND ND 34.8 9

10 Corporate and foreign bonds ND ND ND ND ND ND ND ND ND 98.7 10

11 Mortgages ND ND ND ND ND ND ND ND ND 9.7 11

12 Corporate equities ND ND ND ND ND ND ND ND ND 247.2 12

13 Mutual fund shares ND ND ND ND ND ND ND ND ND 7.9 13

14 Miscellaneous assets ND ND ND ND ND ND ND ND ND 47.0 14

15 Unallocated insurance contracts (1) ND ND ND ND ND ND ND ND ND 0.0 15

16 Contributions receivable ND ND ND ND ND ND ND ND ND 12.9 16

17 Other ND ND ND ND ND ND ND ND ND 34.1 17

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

L.116.c Private Pension Funds: Defined Contribution Plans (1)

Billions of dollars

 1 Total financial assets ND ND ND ND ND ND ND ND ND 287.5 1

 2 Checkable deposits and currency ND ND ND ND ND ND ND ND ND 0.0 2

 3 Time and savings deposits ND ND ND ND ND ND ND ND ND 32.0 3

 4 Money market fund shares ND ND ND ND ND ND ND ND ND 6.9 4

 5 Security RPs ND ND ND ND ND ND ND ND ND 0.0 5

 6 Credit market instruments ND ND ND ND ND ND ND ND ND 69.6 6

 7 Open market paper ND ND ND ND ND ND ND ND ND 7.9 7

 8 Treasury securities ND ND ND ND ND ND ND ND ND 27.1 8

 9 Agency- and GSE-backed securities ND ND ND ND ND ND ND ND ND 9.8 9

10 Corporate and foreign bonds ND ND ND ND ND ND ND ND ND 24.7 10

11 Mortgages ND ND ND ND ND ND ND ND ND 0.0 11

12 Corporate equities ND ND ND ND ND ND ND ND ND 127.4 12

13 Mutual fund shares ND ND ND ND ND ND ND ND ND 0.0 13

14 Miscellaneous assets ND ND ND ND ND ND ND ND ND 51.6 14

15 Unallocated insurance contracts (2) ND ND ND ND ND ND ND ND ND 0.0 15

16 Contributions receivable ND ND ND ND ND ND ND ND ND 0.0 16

17 Other ND ND ND ND ND ND ND ND ND 51.6 17

(1) Includes 401(k) type plans.

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

L.225.i Individual Retirement Accounts (IRAs) (1)

Billions of dollars

 1 Total held at: ND ND ND ND ND ND 38.0 68.0 107.0 159.0 1

 2 U.S.-chartered depository institutions ND ND ND ND ND ND 24.7 42.6 66.4 95.6 2

 3 Credit unions ND ND ND ND ND ND 2.5 3.8 5.4 7.9 3

 4 Life insurance companies ND ND ND ND ND ND 3.3 5.8 9.0 12.6 4

 5 Money market mutual funds ND ND ND ND ND ND 1.6 2.9 3.6 5.6 5

 6 Mutual funds ND ND ND ND ND ND 1.0 3.1 7.4 12.3 6

 7 Other self-directed accounts ND ND ND ND ND ND 4.9 9.8 15.3 25.0 7

(1) Assets of the household sector (L.100), shown at market value. IRA assets are not included in pension fund reserves (table L.225), except for those at life insurance companies. Figures for depositories

 (lines 2 through 4) include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 5) and are excluded from the mutual fund sector (line 7) and from the money market fund

 sector (line 6).